Search found 27 matches

by stumpy
Mon Nov 11, 2019 8:15 pm
Forum: Personal Consumer Issues
Topic: Organization supporting Veterans - Donation
Replies: 19
Views: 943

Re: Organization supporting Veterans - Donation

Fisher house is a great organization. My wife and I utilized it when our oldest was injured. I spent 2 months there, my wife spent 9 months over a 2 1/2 years. The volunteers and paid staff were great. There is probably some local organizations also. I volunteer with a couple. One is Wounded hero’s ...
by stumpy
Sun Oct 13, 2019 7:17 pm
Forum: Personal Investments
Topic: Best Option to Sell Long Held Individual Stock
Replies: 23
Views: 2166

Re: Best Option to Sell Long Held Individual Stock

I had a similar question in July of this year. I also have ExxonMobil stock I would like to sell that I purchased in the early 80s. The replies I received stated if I stay below 75,000 adjusted gross income there would be no capital gains tax. I googled it and found that to be true. But I would stil...
by stumpy
Sun Aug 18, 2019 11:42 am
Forum: Personal Investments
Topic: Investing for minors
Replies: 9
Views: 1065

Re: Investing for minors

We opened a Schwab acount for my sons and put it in the Schwab 1000 fund. My 2 oldest are very big on indexing now. My oldest sons maternal grandmother gave him various stocks when he was in junior high. He tracked them, reinvested dididends and sold them to put in index funds. He also was maxing ou...
by stumpy
Fri May 31, 2019 1:07 am
Forum: Personal Consumer Issues
Topic: Splitting fence cost with neighbor
Replies: 53
Views: 5344

Re: Splitting fence cost with neighbor

Had a big wind storm couple months back and knocked down fence panels on all 3 sides. Being recently retired and a DIY’r did it myself. 2 of my neighbors are widows the other works 7 days week. They were more than happy to pay for half the materials. Just talk to them the worst they can say is no. S...
by stumpy
Sat Apr 06, 2019 7:36 pm
Forum: Personal Consumer Issues
Topic: Drill & driver combo kit comparison
Replies: 46
Views: 3174

Re: Drill & driver combo kit comparison

I purchased a Rigid drill and driver. Great tools with a great warranty. Homedepot carries them. My oldest son perfers my Rigid to his DeWalt driver and drill. When I help him with projects at his house he requests I bring my Rigid tools.
by stumpy
Sun Feb 17, 2019 7:52 pm
Forum: Investing - Theory, News & General
Topic: Will wife’s social security affect my Roth conversions.
Replies: 38
Views: 4426

Re: Will wife’s social security affect my Roth conversions.

Celia thanks for your posts. I will see about building a copy of your spreadsheet. One question about it. What is the distribution period in column C? I also went through part of the thread on "small laws survivor". It was a lot of info. Answers to a couple of questions in the thread. My wife turns ...
by stumpy
Wed Feb 13, 2019 1:20 am
Forum: Investing - Theory, News & General
Topic: Will wife’s social security affect my Roth conversions.
Replies: 38
Views: 4426

Re: Will wife’s social security affect my Roth conversions.

Thank you all the information. I will need to read it a couple of times to fully digest it. Couple of points to clarify. I did realize that 85% of my SS would be taxable not taxed at a rate of 85%. I am not always good at explaining myself. Also the 42K I referenced as Income was minus our 24K stand...
by stumpy
Tue Feb 12, 2019 12:41 am
Forum: Investing - Theory, News & General
Topic: Will wife’s social security affect my Roth conversions.
Replies: 38
Views: 4426

Re: Will wife’s social security affect my Roth conversions.

With my pension and wife's SS my AGI will be about 42K. I do not see how I can avoid paying 85% on SS. I ran open social security and it is best if my wife takes SS at 62. I was planning on opening the Roth w/ Fidelity. They took over management of my 401 6 months prior to my retirement/layoff. It h...
by stumpy
Mon Feb 11, 2019 9:19 am
Forum: Investing - Theory, News & General
Topic: Will wife’s social security affect my Roth conversions.
Replies: 38
Views: 4426

Will wife’s social security affect my Roth conversions.

My wife will start Social Security in June. Will I still be allowed to do Roth rollovers from my 401(k). I am currently retired living off my pension and some money from taxable accounts. I want to start Roth rollovers this year. I will have a low adjusted gross income for the next couple of years. ...
by stumpy
Fri Jan 11, 2019 8:00 pm
Forum: Personal Investments
Topic: New to investing on my own. Robo investors?
Replies: 6
Views: 788

Re: New to investing on my own. Robo investors?

I would not use the robo investor. I talked with someone at Schwab about it. He ran a portfolio scenario for me. It had some high cost funds and some junk bonds. I am a 60 year old retiree and not interested in paying high management fees or owning junk bonds. But this is just my experience.
by stumpy
Thu Jan 10, 2019 12:22 am
Forum: Personal Investments
Topic: War bond redemption
Replies: 3
Views: 711

Re: War bond redemption

I will also inform them of the possible tax ramifications. None of them are old enough to collect Social Security yet. Thanks once again for your help
by stumpy
Thu Jan 10, 2019 12:19 am
Forum: Personal Investments
Topic: War bond redemption
Replies: 3
Views: 711

Re: War bond redemption

These may be Series E bonds. I will have my brother-in-law send me a picture to verify. Thanks for the website address
by stumpy
Wed Jan 09, 2019 11:48 pm
Forum: Personal Investments
Topic: War bond redemption
Replies: 3
Views: 711

War bond redemption

I’m not sure if this is where I need to post my question if not please forgive me. My brother in-law’s mother died recently. While him and his siblings were going through her paperwork they found some World War II war bonds. Does anyone have any idea how to redeem these . Thank you in advance for yo...
by stumpy
Mon Oct 15, 2018 7:09 pm
Forum: Personal Consumer Issues
Topic: Bed bug problem attack plan
Replies: 19
Views: 2219

Re: Bed bug problem attack plan

We had bed bugs 9 years ago. We tented the House. They used triple the gas and kept it tented twice as long. No idea where they came from. We had just finished installing new carpet, drapes and new bedding in our bedroom. My wife thinks it came in on the carpet padding. The contractor said he got a ...
by stumpy
Fri Oct 12, 2018 6:54 pm
Forum: Personal Finance (Not Investing)
Topic: Calculating Spousal Benefit Amount
Replies: 19
Views: 1623

Re: Calculating Spousal Benefit Amount

Can an older spouse claim there SS at FRA and the when the higher earning spouse files at FRA move up to 1/2 of the higher earners SS. Or do they have to wait till the younger spouse files? My wife is 15 months older and will receive more if she takes 1/2 of mine.
by stumpy
Sun Jul 22, 2018 10:50 am
Forum: Personal Finance (Not Investing)
Topic: Options to lower my tax liability with RMD’s
Replies: 12
Views: 2222

Re: Options to lower my tax liability with RMD’s

Thanks once again for all the information
by stumpy
Fri Jul 20, 2018 7:47 pm
Forum: Personal Finance (Not Investing)
Topic: Options to lower my tax liability with RMD’s
Replies: 12
Views: 2222

Re: Options to lower my tax liability with RMD’s

Thanks for the information. I’ll look into starting to do Roth roll overs next year. My income it to high this year. When I was re-orged out in mid June they gave me 52 weeks pay and vacation pay. So I can do a Roth rollover every year until I start to collect SS?
by stumpy
Tue Jul 17, 2018 8:08 pm
Forum: Personal Finance (Not Investing)
Topic: Options to lower my tax liability with RMD’s
Replies: 12
Views: 2222

Options to lower my tax liability with RMD’s

Am I better off pulling money out of my 401(k) to live on prior to collecting Social Security. Or do I pull off my taxable accounts to live on during that 6 1/2 years. Does anyone have any experience with this or insights I would appreciate it. 401(k) account is 850K Taxable accounts are approximate...
by stumpy
Sun Jun 03, 2018 4:26 pm
Forum: Personal Investments
Topic: Annuity with survivor or not
Replies: 13
Views: 1394

Re: Annuity with survivor or not

My wife and I just sent in our paperwork fo our annuity. We chose the 100% survivorship. It will be $2200 more a month for my wife if I die first. If we took the 50% it would amount $300 more a month in my pocket. For me the $300 is not worth it. I do not want her winding up like her mom who lived o...
by stumpy
Wed Mar 21, 2018 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: Delayed credit card alerts from USAA Bank
Replies: 3
Views: 684

Re: Delayed credit card alerts from USAA Bank

I have not had any lag time with USAA on alerts. I find them better than Lifeloc. Not sure why you have a lag time. And we have been compromised several times
by stumpy
Mon Jan 22, 2018 5:53 pm
Forum: Personal Finance (Not Investing)
Topic: Stats on When People Take Social Security
Replies: 198
Views: 18862

Re: Stats on When People Take Social Security

I have a question about taking SS. My wife is 18 months older than me and has not worked in 28 years. If she takes hers at 62 can she still get half of mine when I begin to take mine @ FRA or later. Taking half of mine at my FRA would be 2x what she would get at 62 and about 30% more than she would ...
by stumpy
Mon Jan 15, 2018 12:23 pm
Forum: US Chapters
Topic: Roll Call for the Retirement Class of 2018!
Replies: 383
Views: 72610

Re: Roll Call for the Retirement Class of 2018!

I have a question for the class of 2018 since I may be joining it mid year. I keep reading that you need 85% of your pay. Is that my gross pay or after my 401K contribution and SS tax?
by stumpy
Sun Jul 23, 2017 10:40 pm
Forum: Investing - Theory, News & General
Topic: John Bogle Has Been Right About Investing In International Stocks
Replies: 505
Views: 45450

Re: John Bogle Has Been Right About Investing In International Stocks

Thank you Mr. Larimore for The Bogle Heads Guide to Retirement Planning. I will be re-reading it again this year. If i would have known this information 10 years ago i would be retiring in a year from now instead of 3-4 years from now. I have purchased the book for one of my nephews and my 2 oldest ...
by stumpy
Sun Jul 23, 2017 10:25 pm
Forum: Investing - Theory, News & General
Topic: Do you find financial advisors to be all that bright?
Replies: 53
Views: 6612

Re: Do you find financial advisors to be all that bright?

So what would be some goods books on pre-retirement investing and post retirement investing. I have visited with an FA and it will cost me any where from 18K to 27K the first year depending on how active I want him to be with my money. And that assumes the funds are low load. That just seems to be a...
by stumpy
Thu Jun 01, 2017 9:36 pm
Forum: Personal Investments
Topic: Lump Sum Vs. Annuity?
Replies: 13
Views: 2524

Re: Lump Sum Vs. Annuity?

My numbers if I retire at 62 are $4740 a month for the pension and $903,000 for the lump sum. My wife would get $4740 a month if I died before her. #cruncher part of your assumption is a 20 year life expectancy. I am assuming 30+ years. Even my aunts and uncles who smoked and drank lived into their ...
by stumpy
Tue May 30, 2017 9:28 pm
Forum: Personal Investments
Topic: Lump Sum Vs. Annuity?
Replies: 13
Views: 2524

Re: Lump Sum Vs. Annuity?

delamer below is the answers o your questions 1) The pension is currently well funded. I work for a major oil comapny that is over a hundred years old. So it is fairly stable. 2) My expenses currently less than what my income should be in retirement. The only debt I have is a truck payment; which wi...
by stumpy
Sat May 27, 2017 10:39 pm
Forum: Personal Investments
Topic: Lump Sum Vs. Annuity?
Replies: 13
Views: 2524

Re: Lump Sum Vs. Annuity?

I am struggling with the decision to lump or pension. Talked with a money and he ran the numbers assuming a lump sum. One of my concerns is he said I would be broke at 90. My dad is 92 and going strong. Also he makes more money by me taking a lump sum. My pension does not have a cost of living incre...