Search found 64 matches

by bdaniel58
Thu Jan 02, 2020 9:04 am
Forum: Personal Finance (Not Investing)
Topic: For those who got out of tech industry (voluntarily or involuntarily)..
Replies: 109
Views: 8394

Re: For those who got out of tech industry (voluntarily or involuntarily)..

I am a full stack Java web developer. I have been in software my entire career and am now 60.5 years old. I still love the work but am getting tired of the drive. Our financial plans allow me to retire in 15 months but I will probably go one extra year just to have some extra cushion because healthc...
by bdaniel58
Tue Dec 24, 2019 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: Wife’s art, it’s a business (to the IRS) right?
Replies: 29
Views: 1459

Re: Wife’s art, it’s a business right?

I make a couple of hundred bucks a year on Google ads and Amazon ads on my website. I use Turbo Tax every year and my website income is described as something like "hobby that makes a little money from time to time but never intends to be a business." I can't remember if Turbo Tax created a Schedule C
by bdaniel58
Mon Nov 25, 2019 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: We have a prenup, now buying a house.
Replies: 117
Views: 7422

Re: We have a prenup, now buying a house.

Stop thinking of your current salary as YOUR money. This is a very important point. My wife has not worked a day outside the home since we married 8.5 years ago. But the value of what she does for me, our home and our life is equal in value to what I bring home in salary. I would never consider my ...
by bdaniel58
Fri Aug 23, 2019 11:45 am
Forum: Personal Consumer Issues
Topic: RV purchase ?
Replies: 86
Views: 6315

Re: RV purchase ?

I have owned travel trailers and 5th wheels for 20 years. There are many pros and cons. They are not for everyone. I have a blog post that has some very good points to consider.

https://www.bobbystuff.com/blog/401/so- ... -lifestyle
by bdaniel58
Fri May 10, 2019 10:45 am
Forum: Personal Investments
Topic: I Don't See Great Benefits to ROTH Conversion for Us. Help Me
Replies: 52
Views: 6250

Re: I Don't See Great Benefits to ROTH Conversion for Us. Help Me

Even staying under the ACA cliff, you lose 9.8 % in subsidy when you do a conversion just as you would on any taxable income. You need to add that to your marginal tax rate when evaluating the benefits of conversion. Sorry, not sure I understand. This chart will likely explain it fairly well..... h...
by bdaniel58
Fri May 10, 2019 10:02 am
Forum: Personal Investments
Topic: I Don't See Great Benefits to ROTH Conversion for Us. Help Me
Replies: 52
Views: 6250

Re: I Don't See Great Benefits to ROTH Conversion for Us. Help Me

So you need to convert roughly $200k over 2 years - sounds like year 3 of working will be partial working, partial retirement with ACA coverage for the last part (thus avoiding the ACA cliff means probably no conversions). Correct? Sounds like you shouldn't delay doing those conversions now, becaus...
by bdaniel58
Fri May 10, 2019 6:26 am
Forum: Personal Investments
Topic: I Don't See Great Benefits to ROTH Conversion for Us. Help Me
Replies: 52
Views: 6250

Re: I Don't See Great Benefits to ROTH Conversion for Us. Help Me

Even staying under the ACA cliff, you lose 9.8 % in subsidy when you do a conversion just as you would on any taxable income. You need to add that to your marginal tax rate when evaluating the benefits of conversion.
Sorry, not sure I understand.
by bdaniel58
Fri May 10, 2019 6:25 am
Forum: Personal Investments
Topic: I Don't See Great Benefits to ROTH Conversion for Us. Help Me
Replies: 52
Views: 6250

Re: I Don't See Great Benefits to ROTH Conversion for Us. Help Me

The other part I just don't understand is that you apparently want to withdraw $60K a year from a Roth for 6 years. That means the Roth would have to be $360K at the time you are age 62. When are you going to do that conversion to get the money into the Roth? I just don't see you staying at the 22%...
by bdaniel58
Thu May 09, 2019 9:00 am
Forum: Personal Investments
Topic: I Don't See Great Benefits to ROTH Conversion for Us. Help Me
Replies: 52
Views: 6250

Re: I Don't See Great Benefits to ROTH Conversion for Us. Help Me

Don't forget that you also need a source of funds for big expenditures. For example, if you buy a car, replace a roof, or have to pay out-of-pocket for a large out-of-network health expense. If you're subject to a natural disaster or simply a car accident, you may be covered by insurance, but your ...
by bdaniel58
Thu May 09, 2019 6:07 am
Forum: Personal Investments
Topic: I Don't See Great Benefits to ROTH Conversion for Us. Help Me
Replies: 52
Views: 6250

Re: I Don't See Great Benefits to ROTH Conversion for Us. Help Me

Am I correct in reading that ALL YOUR SAVINGS is tax-deferred? :o :!: You have no tax diversity and no Roths yet? As you withdraw or convert from your tIRA, you will have to pay taxes by withholding from the withdrawal? (Note that there can be penalties if you withhold taxes from your Roth conversi...
by bdaniel58
Thu May 09, 2019 6:03 am
Forum: Personal Investments
Topic: I Don't See Great Benefits to ROTH Conversion for Us. Help Me
Replies: 52
Views: 6250

Re: I Don't See Great Benefits to ROTH Conversion for Us. Help Me

You will have the following sources of income: 1) Social Security (currently not collecting) (Amount not stated.) (Intended claiming age not stated, but amount increases the longer you wait.) 2) Pension (currently not collecting.) (Amount not stated.) (Intended claiming age not stated, but usually ...
by bdaniel58
Wed May 08, 2019 9:29 am
Forum: Personal Investments
Topic: I Don't See Great Benefits to ROTH Conversion for Us. Help Me
Replies: 52
Views: 6250

Re: I Don't See Great Benefits to ROTH Conversion for Us. Help Me

Question: where is the ACA cliff for you? I thought it was roughly $65k AGI for a couple, but you keep mentioning being in the 22% bracket, which should be over $100k AGI (not taxable income after standard deduction). Yes, around $65k for a couple. So while working for the next 2-3 years I plan to ...
by bdaniel58
Wed May 08, 2019 9:01 am
Forum: Personal Investments
Topic: I Don't See Great Benefits to ROTH Conversion for Us. Help Me
Replies: 52
Views: 6250

Re: I Don't See Great Benefits to ROTH Conversion for Us. Help Me

Thus, assuming you will be in 22% forever and not 25% seems unwise. That's your call I suppose. I understand that. I meant that we will never be in a lower bracket. I know the 22% may go back up mid next decade. For this reason, I’m not considering it until 65. I hate to pay taxes today unless I ca...
by bdaniel58
Wed May 08, 2019 7:52 am
Forum: Personal Investments
Topic: I Don't See Great Benefits to ROTH Conversion for Us. Help Me
Replies: 52
Views: 6250

Re: I Don't See Great Benefits to ROTH Conversion for Us. Help Me

Thanks for all the responses. I will try to clarify. We have no money in what Bogleheads define as taxable accounts. We were in Targeted Date Funds until last year when we decided we had "won the race". We put everything into short term CDs. All our savings over the years had been in 401ks, then tra...
by bdaniel58
Wed May 08, 2019 5:36 am
Forum: Personal Consumer Issues
Topic: Diesel Pusher RV
Replies: 9
Views: 805

Re: Diesel Pusher RV

We have always had 5th wheels. We love it. When we camp someplace for more than overnight, we unhook the truck and run around in that. Also the truck is 4 wheel drive and we like to get on the less traveled back roads where only a high clearance vehicle can go.

Works for us.
by bdaniel58
Wed May 08, 2019 5:33 am
Forum: Personal Investments
Topic: I Don't See Great Benefits to ROTH Conversion for Us. Help Me
Replies: 52
Views: 6250

I Don't See Great Benefits to ROTH Conversion for Us. Help Me

Married Filing Jointly, I am still working. We are in the low end of the 22% Federal Tax Bracket Have normal IRAs which were transferred from 401ks, so all this money is before tax. I plan to retire at 61.5 and am 59.5 now. We plan to convert enough IRA to ROTH, so we can take about $60k per year fr...
by bdaniel58
Fri Nov 09, 2018 10:43 am
Forum: Personal Consumer Issues
Topic: Lowest Cost GPS-Capable Device for Senior Citizen
Replies: 18
Views: 1236

Re: Lowest Cost GPS-Capable Device for Senior Citizen

Garmin all the way. They are the best. I've had several.
Don't make it complicated.
by bdaniel58
Wed Oct 31, 2018 11:09 am
Forum: Personal Finance (Not Investing)
Topic: Falling off the ACA subsidy cliff
Replies: 62
Views: 6114

Re: Falling off the ACA subsidy cliff

I am not sure where it would fit in your situation but one thing I am doing is to have a home equity line of credit that I can use instead of IRA withdrawals to help me keep well below the cutoff point. There will be a bit of interest with that but I can use that for the last few months expenses of...
by bdaniel58
Thu Oct 11, 2018 11:10 am
Forum: Personal Consumer Issues
Topic: Route-66 trip recommendations
Replies: 39
Views: 2513

Re: Route-66 trip recommendations

Route 66 can be fun depending on what you are looking for. I did a cross country motorcycle trip in 2017 and visited a lot of Route 66 stuff. See my blogs here: https://www.bobbystuff.com/blog/443/travel,2017-40-to-phoenix/lists-of-blogs-by-category-and-sub-category I did it again in 2018. See those...
by bdaniel58
Sun Sep 23, 2018 10:34 am
Forum: Personal Investments
Topic: HELOC as a bonds replacement for drawing down from in a downturn?
Replies: 36
Views: 2550

Re: HELOC as a bonds replacement for drawing down from in a downturn?

I have a HELOC through our credit union. The interest rate is prime + 4 and there are no annual fees. I can use it like a credit card. I love the thing. I bought a new Honda Gold Wing back in the spring and just wrote the dealer a check using HELOC. A few days later I went to the credit union, got a...
by bdaniel58
Sun Sep 23, 2018 8:14 am
Forum: Personal Consumer Issues
Topic: When is it OK to not go through car insurance after you've been hit?
Replies: 17
Views: 2060

Re: When is it OK to not go through car insurance after you've been hit?

If you take the money it’ll be awkward if you don’t repair it I disagree. I backed my truck into a Mini Cooper and stuck a trailer hitch ball through the rear bumper. We exchanged insurance information and I asked her to let me pay cash after she got a quote. She said she had actually been thinking...
by bdaniel58
Wed Sep 19, 2018 6:24 am
Forum: Personal Consumer Issues
Topic: What is your single most expensive mistake?
Replies: 293
Views: 27849

Re: What is your single most expensive mistake?

Ex wife cost me $100k, but it did not break me. Invested $40k in company stock in my 401k because it split several times and I wanted to get on the gravy train. Company went bankrupt. Good things I did: Always contributed 10%+ in 401k. Will be able to retire at 61.5 years old. Taught my boys to not ...
by bdaniel58
Fri Sep 14, 2018 6:59 am
Forum: Personal Finance (Not Investing)
Topic: Massive Student Loan Debt - Fiancee
Replies: 108
Views: 11457

Re: Massive Student Loan Debt - Fiancee

I know every couple is different and what works for some will not work for others. But the idea of his money and her money does not seem right to me. Marriage is about creating one thing from the two of you. Sometimes one person is working harder on the marriage than the other. Then that flips. It i...
by bdaniel58
Fri Sep 14, 2018 6:44 am
Forum: Personal Consumer Issues
Topic: Do you use social media to enhance your travel experience?
Replies: 66
Views: 3493

Re: Do you use social media to enhance your travel experience?

I am a photo nut also and my blogs allow me to share my photos. We travel for the journey and experience, not the destination. What a great story about the camera! You guys look like you like to travel similar to us. While I am pretty private myself, I love reading other people's blogs so I have bo...
by bdaniel58
Wed Sep 12, 2018 8:11 pm
Forum: Personal Consumer Issues
Topic: Do you use social media to enhance your travel experience?
Replies: 66
Views: 3493

Re: Do you use social media to enhance your travel experience?

We found a camera in Death Valley in 2011. It took me two years but I finally found the owner by using social media. You can read about it here. Awesome story. Well worth the time reading it. Be sure to read all the way down to the bottom... Thank you very much. We have coins we hand out to people ...
by bdaniel58
Wed Sep 12, 2018 8:09 pm
Forum: Personal Consumer Issues
Topic: Do you use social media to enhance your travel experience?
Replies: 66
Views: 3493

Re: Do you use social media to enhance your travel experience?

I am a software geek who loves gadgets and I have my own website. I like to track my travels with a GPS unit and show tracklogs on Google maps. I use an app on my phone that updates my position on a map on my website about every 10 minutes. I've made two cross country motorcycle trips without my wi...
by bdaniel58
Wed Sep 12, 2018 12:20 pm
Forum: Personal Consumer Issues
Topic: Do you use social media to enhance your travel experience?
Replies: 66
Views: 3493

Re: Do you use social media to enhance your travel experience?

I am a software geek who loves gadgets and I have my own website. I like to track my travels with a GPS unit and show tracklogs on Google maps. I use an app on my phone that updates my position on a map on my website about every 10 minutes. I've made two cross country motorcycle trips without my wif...
by bdaniel58
Thu Sep 06, 2018 10:35 am
Forum: Personal Consumer Issues
Topic: Yellowstone and Grand Teton must see and do
Replies: 22
Views: 2086

Re: Yellowstone and Grand Teton must see and do

We have been many times but had the most fun last year in the Autumn. If you like old structures, a little history and photography, go to the Moulton Barn on Mormon Row, Antelope Flats at the Grand Tetons. Get there early in the morning instead of late in the day like we did so the light is right. I...
by bdaniel58
Tue Aug 28, 2018 4:07 am
Forum: Personal Consumer Issues
Topic: Considering iPad to replace failing Nexus tablet
Replies: 60
Views: 5489

Re: Considering iPad to replace failing Nexus tablet

I’ve had several iPads and currently have the 10.5 iPad Pro. I use Gmail and all the Google apps. I do a lot of web surfing as well as blogging on my website using a blue tooth keyboard. I also process photos on it and upload to my website. We also have iPhones and Apple makes it very easy to transf...
by bdaniel58
Sat Aug 18, 2018 4:05 am
Forum: Personal Finance (Not Investing)
Topic: physics/math major looking for programmer/analyst job?
Replies: 111
Views: 10731

Re: physics/math major looking for programmer/analyst job?

I spent 27 years at Nortel working with proprietary software that was of no use outside the company. After 10 years of layoffs I told them to hit me next as I was tired of the stress. So they did in Dec of 2008. The job market at that time was terrible. I finally got an interview at a SaaS company (...
by bdaniel58
Thu Aug 09, 2018 6:09 pm
Forum: Personal Finance (Not Investing)
Topic: Calling all blog and website authors
Replies: 44
Views: 13219

Re: Calling all blog and website authors

I am a software guy and I have a personal website with blogs about our travels in a 5th wheel camper, our Gold Wing motorcycle, tweaks and modifications to the RVs we have owned, my genealogy and photography.

I have a lot of fun with it.

https://www.bobbystuff.com
by bdaniel58
Sat Jul 28, 2018 7:52 am
Forum: Personal Finance (Not Investing)
Topic: Tax Question, Wife Owns 1/3 of house from before marriage
Replies: 8
Views: 1006

Tax Question, Wife Owns 1/3 of house from before marriage

We will be talking to estate planning and tax professionals soon but has anyone gone through this scenario or have an opinion? Me 59, wife 56. We will retire when I am 61. We plan to withdraw (after age 59.5 ) money from my IRA to have after tax money to suppliment our IRA withdrawals to keep our AC...
by bdaniel58
Tue Jul 17, 2018 4:29 am
Forum: Personal Investments
Topic: Retiring at 62. Have Healthcare Plan. Is my Plan Sane?
Replies: 8
Views: 1490

Re: Retiring at 62. Have Healthcare Plan. Is my Plan Sane?

Healthcare plan definitely takes careful thought. Not everyone can squeeze under the ACA cliff. Having taxable savings/investments (or Roth) really helps, as does having a paid-off house. Definitely keep the longer timeframe for your wife in mind as well. I'm a bit concerned that you may be looking...
by bdaniel58
Mon Jul 16, 2018 6:27 pm
Forum: Personal Investments
Topic: Retiring at 62. Have Healthcare Plan. Is my Plan Sane?
Replies: 8
Views: 1490

Re: Retiring at 62. Have Healthcare Plan. Is my Plan Sane?

When does "fully retired" happen for you? 67 but may delay to 70 if our savings hold out and it is still worth 8% per year to delay SS. So what does "partially retired" mean for you from 62 to 67 or 70? Does it just mean the difference between stopping working and starting to collect social securit...
by bdaniel58
Mon Jul 16, 2018 6:12 pm
Forum: Personal Investments
Topic: Retiring at 62. Have Healthcare Plan. Is my Plan Sane?
Replies: 8
Views: 1490

Re: Retiring at 62. Have Healthcare Plan. Is my Plan Sane?

bdaniel58 wrote:
Mon Jul 16, 2018 5:46 pm
When does "fully retired" happen for you?
67 but may delay to 70 if our savings hold out and it is still worth 8% per year to delay SS.
by bdaniel58
Mon Jul 16, 2018 5:46 pm
Forum: Personal Investments
Topic: Retiring at 62. Have Healthcare Plan. Is my Plan Sane?
Replies: 8
Views: 1490

Retiring at 62. Have Healthcare Plan. Is my Plan Sane?

Age 59, will retire at 62. I was figuring $15-$20k per year for healthcare in my plan before I discovered the ACA Premium Tax Credits. Wife is 56, but to keep things simple I will just talk about myself. In our state for 2018 with $60k MAGI we can get a Premium Tax Credit of $19,200/year Below are t...
by bdaniel58
Mon Jul 16, 2018 7:44 am
Forum: Personal Investments
Topic: Fidelity PAS - starting the process to extricate
Replies: 9
Views: 1151

Re: Fidelity PAS - starting the process to extricate

We stopped using PAS one year ago and are very happy with our decision. It was not confrontational. I simply looked at their returns over the last 5 years and compared them to target retirement date funds that we would have probably selected if we had not been using PAS. The biggest surprise was tha...
by bdaniel58
Fri Jun 09, 2017 7:17 am
Forum: Personal Consumer Issues
Topic: AAA Cost
Replies: 85
Views: 12852

Re: AAA Cost

$160 for Premier with 2 people in Texas. I haven't tried everything out there or even many alternatives but the ones I have tried had terrible service so I went back to AAA. I am a man and change my own tires. Not sure what gender has to do with it. Women can change tires as well. There are men and...
by bdaniel58
Thu Jun 08, 2017 10:33 am
Forum: Personal Consumer Issues
Topic: AAA Cost
Replies: 85
Views: 12852

Re: AAA Cost

I am a man and change my own tires. I can see where that might be an issue for some people, especially older folks. But as a general life rule, I only insure for things that would be a financial hardship. So I don't purchase any type of roadside assistance. I drive a 3500 Dodge Ram Diesel Truck. It ...
by bdaniel58
Wed Jun 07, 2017 6:44 am
Forum: Personal Consumer Issues
Topic: Drones?
Replies: 11
Views: 2193

Re: Drones?

I agree, stick with DJI. They are killing it in the drone market right now. To me the biggest difference in the cheap drones and something like DJI is the GPS and sensors. With those, when you let go of the controller sticks, the drone stops and maintains its current position and altitude. This lets...
by bdaniel58
Thu Jun 01, 2017 4:49 pm
Forum: Personal Investments
Topic: 4 Years to Retirement. Want to get out of Fidelity PAS. Need Advice
Replies: 51
Views: 4951

Re: 4 Years to Retirement. Want to get out of Fidelity PAS. Need Advice


Please let us know how thing work out.
It is a done deal. Really was not hard and the adviser did not give us any grief. Of course he asked us why and we talked about fees and performance. I'm sure he has heard the same reasons before.
by bdaniel58
Thu Jun 01, 2017 2:19 pm
Forum: Personal Investments
Topic: 4 Years to Retirement. Want to get out of Fidelity PAS. Need Advice
Replies: 51
Views: 4951

Re: 4 Years to Retirement. Want to get out of Fidelity PAS. Need Advice

Sounds like you are staying with PAS. No thanks for me - they had a return of 3.5% net of FEEs - I'm seeing much better with no 100's in quarterly fees using a 3 fund portfolio. No way, getting out tonight. We would have been better off had we done just about anything other than PAS in 2011. Of cou...
by bdaniel58
Thu Jun 01, 2017 1:52 pm
Forum: Personal Investments
Topic: 4 Years to Retirement. Want to get out of Fidelity PAS. Need Advice
Replies: 51
Views: 4951

Re: 4 Years to Retirement. Want to get out of Fidelity PAS. Need Advice

We chat with Fidelity tonight. Just one more data point concerning using an adviser. I added up the fees we have paid from 2012 to now. I already had the numbers for what our balance would be today had we invested in target date funds in 2011 instead of going with PAS. I simply added the total fees ...
by bdaniel58
Tue May 30, 2017 6:21 am
Forum: Personal Investments
Topic: 4 Years to Retirement. Want to get out of Fidelity PAS. Need Advice
Replies: 51
Views: 4951

Re: 4 Years to Retirement. Want to get out of Fidelity PAS. Need Advice

You want the INDEX fund! I hate how Fidelity has all these confusing funds (and they used to have the good low cost spartan index funds, but renamed them to cause more name confusion like this -- I think on purpose!)
Yep. I actually found out about them via a Motley Fool article.
by bdaniel58
Mon May 29, 2017 11:19 am
Forum: Personal Investments
Topic: 4 Years to Retirement. Want to get out of Fidelity PAS. Need Advice
Replies: 51
Views: 4951

Re: Thank You. Couple of Final Questions Regarding Ending Fidelity PAS

We have decided to get out of PAS this week. What do we need to look out for? Can anyone share their experience? Will we be hit with fees to get out of all the funds they have us in? Will they get us out of the funds, or do we have to do it? I seriously doubt there will be any fees to sell your fun...
by bdaniel58
Mon May 29, 2017 10:37 am
Forum: Personal Investments
Topic: 4 Years to Retirement. Want to get out of Fidelity PAS. Need Advice
Replies: 51
Views: 4951

Thank You. Couple of Final Questions Regarding Ending Fidelity PAS

Thanks for everyone help and opinions. The original thread is here. https://www.bogleheads.org/forum/viewtopic.php?f=1&t=219685 To summarize, I am 58 and my wife is 55. We want to set up a scenario where I can possibly retire at 62 if we can get affordable health insurance. My wife does not currentl...
by bdaniel58
Fri May 26, 2017 12:40 pm
Forum: Personal Investments
Topic: 4 Years to Retirement. Want to get out of Fidelity PAS. Need Advice
Replies: 51
Views: 4951

Re: 4 Years to Retirement. Want to get out of Fidelity PAS. Need Advice

I'm just trying to determine based on past performance if going with PAS was the smart thing to do based on what we might have done on our own. I think we would have picked a 2020 or 2025 target date fund. It is easy to say that the fees with PAS are too much but I am trying to determine if we migh...
by bdaniel58
Fri May 26, 2017 8:53 am
Forum: Personal Investments
Topic: 4 Years to Retirement. Want to get out of Fidelity PAS. Need Advice
Replies: 51
Views: 4951

Re: 4 Years to Retirement. Want to get out of Fidelity PAS. Need Advice

I admit the ratios are all the current ratios. I just wanted a big picture view. But you are not looking at a big picture view and your are setting an irrelevant criterion for PAS, namely that using their service is going to "beat" some alternative. That is not what financial advisors do. I'm just ...