Search found 242 matches

by is50xenough
Mon Jul 26, 2021 11:33 am
Forum: Personal Finance (Not Investing)
Topic: [**Update] - Metrics to Compare Roth Conversion Scenarios ??
Replies: 146
Views: 8982

Re: Metrics to Compare Roth Conversion Scenarios ??

Woodspinner, I’d like to see total portfolio just to better understand total tax adjusted portfolio. Not sure what other metrics get you. Love to see some of your results. Good luck Hypothetical … At age 90: Taxable $700,000 Roth $3,000,000 IRA $900,000 Total $4,600,000 Marginal rate at 90, 28% Fed...
by is50xenough
Mon Jul 26, 2021 3:15 am
Forum: Personal Finance (Not Investing)
Topic: [**Update] - Metrics to Compare Roth Conversion Scenarios ??
Replies: 146
Views: 8982

Re: Metrics to Compare Roth Conversion Scenarios ??

Woodspinner, I’d like to see total portfolio just to better understand total tax adjusted portfolio. Not sure what other metrics get you. Love to see some of your results. Good luck Hypothetical … At age 90: Taxable $700,000 Roth $3,000,000 IRA $900,000 Total $4,600,000 Marginal rate at 90, 28% Fed...
by is50xenough
Sun Jul 25, 2021 3:00 am
Forum: Personal Finance (Not Investing)
Topic: [**Update] - Metrics to Compare Roth Conversion Scenarios ??
Replies: 146
Views: 8982

Re: Metrics to Compare Roth Conversion Scenarios ??

I have been doing quite a bit of modeling on Roth Conversions with a goal of identifying the most optimal scenario (given the constraints of predicting the future). A bit puzzled on which metrics to use to compare the various scenarios to provide some insights into which are better than others. Wha...
by is50xenough
Sat Jul 24, 2021 7:03 am
Forum: Personal Finance (Not Investing)
Topic: House for my daughter
Replies: 31
Views: 4255

Re: House for my daughter

I applaud your efforts to help your daughter and have no issues with use of “starter home” etc. good luck finding a solution. She might get back to person who originally gave advice for clarification. There is the full price sale to your child option in this article but not sure there is any option ...
by is50xenough
Sat Jul 24, 2021 6:27 am
Forum: Personal Finance (Not Investing)
Topic: So how does it work (paying taxes, etc) when living off 401K / IRA savings?
Replies: 15
Views: 1550

Re: So how does it work (paying taxes, etc) when living off 401K / IRA savings?

Getting ready to retire at the end of the year, and start living off of savings rather than the pay check .... So how does that work in terms of paying taxes, which now are deducted from the paycheck with employer taking care of the administration? I dont imagine 401K administrator is doing that wh...
by is50xenough
Thu Jul 22, 2021 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: Retired, mortgage, now what?
Replies: 17
Views: 1361

Re: Retired, mortgage, now what?

Once one has decided to have a mortgage after retirement (purpose of this thread is not the question of mortgage vs no mortgage exactly)---say to maintain higher level of available cash with monthly expenses rather than less cash but paid off property/properties---what would folks philosophies be a...
by is50xenough
Thu Jul 22, 2021 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: Retired, mortgage, now what?
Replies: 17
Views: 1361

Re: Retired, mortgage, now what?

As long as you have a positive cash flow, why not? Meaning if investments are earning more than expenses? Your RMD> Mortgage+all other living expense. Actually Bank will look at this to make loan decision. ahhhh, thanks for clarification---yes asset dissipation/depletion looked at 70% of net worth,...
by is50xenough
Thu Jul 22, 2021 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: Retired, mortgage, now what?
Replies: 17
Views: 1361

Re: Retired, mortgage, now what?

I suspect this is all highly subjective. But, for what it is worth: We took out new mortgage just before retiring. (15, at 2.75) 4 years into retirement, haven't made any extra payments despite the windfall of market performance. Highly unlikely that we'll pay it off before we sell our house/land; ...
by is50xenough
Thu Jul 22, 2021 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: Retired, mortgage, now what?
Replies: 17
Views: 1361

Re: Retired, mortgage, now what?

WhiteMaxima wrote: Thu Jul 22, 2021 12:00 pm As long as you have a positive cash flow, why not?
Meaning if investments are earning more than expenses?
by is50xenough
Thu Jul 22, 2021 11:49 am
Forum: Personal Finance (Not Investing)
Topic: Retired, mortgage, now what?
Replies: 17
Views: 1361

Retired, mortgage, now what?

Curious what collective wisdom of group is. Once one has decided to have a mortgage after retirement (purpose of this thread is not the question of mortgage vs no mortgage exactly)---say to maintain higher level of available cash with monthly expenses rather than less cash but paid off property/prop...
by is50xenough
Wed Jul 14, 2021 4:47 am
Forum: Personal Finance (Not Investing)
Topic: Two-steps moving from one house to another? How to finance?
Replies: 27
Views: 3210

Re: Two-steps moving from one house to another? How to finance?

Tracker968 wrote: Sat Jun 12, 2021 8:44 pm I just talked to a mortgage banker, and was told that I could qualify for a mortgage where the sum of mortgage payment, property tax, and home insurance was 43% of my gross pension payment. Assuming no other debt.
Was that Wells Fargo?
by is50xenough
Sun Jul 04, 2021 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: DIY - Roth Conversion Engine Template
Replies: 62
Views: 4436

Re: DIY - Roth Conversion Engine Template

Would have to play with it. Can you share? So it is all manual entry? What is “engine” part? This is intended to sit on top of a DIY Retirement Portfolio spreadsheet and be integrated into its calculations. The only entries are for money to be withdrawn and spent (e.g. IRA -> Taxable) or converted ...
by is50xenough
Sun Jul 04, 2021 8:04 am
Forum: Personal Finance (Not Investing)
Topic: DIY - Roth Conversion Engine Template
Replies: 62
Views: 4436

Re: DIY - Roth Conversion Engine Template

Would have to play with it. Can you share? So it is all manual entry? What is “engine” part?
by is50xenough
Wed Jun 30, 2021 6:50 am
Forum: Personal Finance (Not Investing)
Topic: Retiree Portfolio Model -- need a mentor
Replies: 3
Views: 664

Re: Retiree Portfolio Model -- need a mentor

Wonder if one of the local bogleheads groups would put together a talk on this exact thing……an hour on just using RPM to analyze Roth conversions? Sign me up!
by is50xenough
Fri Jun 11, 2021 5:33 am
Forum: Investing - Theory, News & General
Topic: Kitces: CRT vs split interest pooled income funds
Replies: 2
Views: 654

Re: Kitces: CRT vs split interest pooled income funds

I should note that I read wiki and searched forum but don’t see much on split interest pooled income and for sure no comparisons.
by is50xenough
Thu Jun 10, 2021 4:29 pm
Forum: Investing - Theory, News & General
Topic: Kitces: CRT vs split interest pooled income funds
Replies: 2
Views: 654

Kitces: CRT vs split interest pooled income funds

Have high regard for Kitces so wonder what folks think of Split-interest using new pooled income funds over CRTs? Seems like could be good opportunity although in reading this seems like end up giving a larger amount of money of the starting "deposit" to the charity than what I thought CRT...
by is50xenough
Thu Jun 10, 2021 12:48 pm
Forum: Personal Investments
Topic: ROTH IRA conversion approaches for Over-saved T-IRA
Replies: 56
Views: 5142

Re: ROTH IRA conversion approaches for Over-saved T-IRA

Hello Bogleheads - I am looking for comments/advices on the ROTH IRA conversion approaches that I am modelling - as I learned from many ROTH IRA Conversion threads such as https://www.bogleheads.org/forum/viewtopic.php?t=285584 , https://www.bogleheads.org/forum/viewtopic.php?p=5351376 , https://ww...
by is50xenough
Mon Jun 07, 2021 6:36 am
Forum: Investing - Theory, News & General
Topic: Optimal withdrawal strategy: tax-deferred vs taxable
Replies: 19
Views: 2334

Re: Optimal withdrawal strategy: tax-deferred vs taxable

Just to help you by keeping thread active, I would guess taking needed expenses from taxable but also doing Roth conversions up to maybe 12% bracket.
by is50xenough
Sun Jun 06, 2021 9:54 am
Forum: Personal Consumer Issues
Topic: How much do you spend on a hotel per night on a family vacation?
Replies: 132
Views: 13936

Re: How much do you spend on a hotel per night on a family vacation?

Not correcting for inflation. 30-40 years ago as poor student young adult the cheapest non flea bag I could find. Hotel 8, motel 6 etc. all under $50 a night. Flash forward and loved staying at $300 a night places paid for by work. For family now really try to stay as much under $200 as possible. Li...
by is50xenough
Wed Jun 02, 2021 5:45 am
Forum: Personal Finance (Not Investing)
Topic: Can I cancel our term life insurance and long term disability
Replies: 14
Views: 1558

Re: Can I cancel our term life insurance and long term disability

Need to know annual expenses.

Also need to know if kids likely to attend expensive private college and if additional school after likely.
by is50xenough
Tue Jun 01, 2021 5:46 pm
Forum: Personal Investments
Topic: ROTH IRA conversion approaches for Over-saved T-IRA
Replies: 56
Views: 5142

Re: ROTH IRA conversion approaches for Over-saved T-IRA

Just curious. You mentioned a large Roth conversion in same year if the gift limit is decreased. Do you have a potential approach that involves gifting as opposed to the discussed Roth conversions? I know that Klangfool offered his $30k a year suggestion and not central part of the topic but could p...
by is50xenough
Tue Jun 01, 2021 3:24 pm
Forum: Personal Investments
Topic: ROTH IRA conversion approaches for Over-saved T-IRA
Replies: 56
Views: 5142

Re: ROTH IRA conversion approaches for Over-saved T-IRA

... Have you found a big change playing with lifespan numbers? Yes, the impact can vary depending on a particular scenario. For instance if you decide to do nothing, then a spouse passes away around the beginning of RMD time, the impact could be quite significant. This is the key driver for our dec...
by is50xenough
Tue Jun 01, 2021 3:21 pm
Forum: Personal Investments
Topic: ROTH IRA conversion approaches for Over-saved T-IRA
Replies: 56
Views: 5142

Re: ROTH IRA conversion approaches for Over-saved T-IRA

When I look at some of these spreadsheets (above and elsewhere), I get a bit confused on whether all the units are in today dollars or future dollars, or perhaps some mix that really doesn't make sense. My gut has been that some of these problems are overstated because many of the parts (ie., tax b...
by is50xenough
Tue Jun 01, 2021 1:00 pm
Forum: Personal Investments
Topic: ROTH IRA conversion approaches for Over-saved T-IRA
Replies: 56
Views: 5142

Re: ROTH IRA conversion approaches for Over-saved T-IRA

2. Confirms that total dollars is only about 300k different between the two options, BUT 3. There is huge shift to Roth dollars which as others have pointed out are "worth" the most I've seen other BHs do some calculation like $1 in tax deferred is $1.15 in taxable and $1.25 in Roth, etc ...
by is50xenough
Tue Jun 01, 2021 6:36 am
Forum: Personal Investments
Topic: ROTH IRA conversion approaches for Over-saved T-IRA
Replies: 56
Views: 5142

Re: ROTH IRA conversion approaches for Over-saved T-IRA

... BTW, love to see your numbers that you got from RPM for all these options. Below are the results of the RPM models for Option 1 (do nothing but 1 ROTH IRA conversion in year #28 for all T-IRA holdings) and Option 3A (annual ROTH IRA conversion for 28 years while keeping AGI somewhat constant). ...
by is50xenough
Mon May 31, 2021 1:34 pm
Forum: Personal Consumer Issues
Topic: Homeowners insurance [Florida]
Replies: 37
Views: 4064

Re: Homeowners insurance [Florida]

2 suggestions. Check into Olympus. Some years ago people in Florida had to use a Florida State sponsored plan. That group slowly booted folks and the newly available options, for example Olympus, were offering insurance at markedly less expensive prices. Olympus is a single-state insurer. It has a ...
by is50xenough
Mon May 31, 2021 11:12 am
Forum: Personal Consumer Issues
Topic: Homeowners insurance [Florida]
Replies: 37
Views: 4064

Re: Homeowners insurance [Florida]

Hi all, we are shopping for homeowners insurance for a townhome in Sarasota Florida , Any recommendations? Not familiar with Florida agencies. Thanks so much 2 suggestions. Check into Olympus. Some years ago people in Florida had to use a Florida State sponsored plan. That group slowly booted folks...
by is50xenough
Mon May 31, 2021 11:08 am
Forum: Personal Investments
Topic: ROTH IRA conversion approaches for Over-saved T-IRA
Replies: 56
Views: 5142

Re: ROTH IRA conversion approaches for Over-saved T-IRA

Hello Bogleheads - I am looking for comments/advices on the ROTH IRA conversion approaches that I am modelling - as I learned from many ROTH IRA Conversion threads such as https://www.bogleheads.org/forum/viewtopic.php?t=285584 , https://www.bogleheads.org/forum/viewtopic.php?p=5351376 , https://ww...
by is50xenough
Sat May 22, 2021 7:51 am
Forum: Personal Consumer Issues
Topic: interstate movers recommendation
Replies: 31
Views: 2184

Re: interstate movers recommendation

On the bright side, I think after the first "bad" experience I described I discovered that some items were missing after about 6 weeks at the new house. When I called the local branch I was told the driver had dropped them off on a return trip---he had put them in a side compartment of th...
by is50xenough
Thu May 06, 2021 12:52 pm
Forum: Personal Consumer Issues
Topic: Jacuzzi tub in master bathroom not used in long time
Replies: 5
Views: 942

Jacuzzi tub in master bathroom not used in long time

Between being so big and our hot water heater not being that big, haven't used this Jacuzzi tub in ages---years. Have regular bathtubs in other bathroom and used that when bath soak versus shower desired. Would like to make sure working, etc. how to check that no leaks or other issues? There is an a...
by is50xenough
Thu May 06, 2021 12:48 pm
Forum: Personal Consumer Issues
Topic: Haven't used propane fireplace in long time--help
Replies: 9
Views: 1168

Re: Haven't used propane fireplace in long time--help

Just an update to close the loop. Professional came over. Replaced one of two empty tanks with a full tank and got fireplace started. Took some tweaking likely due to dust/air in system. Now working well. Said did bubble tests and all kinds of other inspection for leaks. All inputs above appreciated...
by is50xenough
Wed May 05, 2021 5:53 am
Forum: Personal Investments
Topic: What is your favorite retirement calculator?
Replies: 56
Views: 9237

Re: What is your favorite retirement calculator?

StealthRabbit wrote: Tue May 04, 2021 6:53 am I asked Fidelity to activate eMoney. It is quite comprehensive and I wrote a plan per decade with scenarios of changing needs and cash flows and sources of income and allocations.
But does it do Roth conversion optimization?
by is50xenough
Mon May 03, 2021 11:05 am
Forum: Personal Investments
Topic: What is your favorite retirement calculator?
Replies: 56
Views: 9237

Re: What is your favorite retirement calculator?

What tax rate does the program use after 2025 and can you change the choice? In Pralana Gold, you enter the year you expect the tax rates to revert to pre TCJA levels or leave blank if you think they will stay put. Other features I didn't mention as they weren't interesting to me but that others ma...
by is50xenough
Mon May 03, 2021 9:45 am
Forum: Personal Investments
Topic: What is your favorite retirement calculator?
Replies: 56
Views: 9237

Re: What is your favorite retirement calculator?

I've tried several and they have strengths and weaknesses. Been meaning to write up something, so here goes- FireCalc is very quick and easy, aimed at people not comfortable with the tax laws and spreadsheets. It will give you a general idea of whether you have enough to retire by doing historical ...
by is50xenough
Mon May 03, 2021 9:40 am
Forum: Personal Investments
Topic: What is your favorite retirement calculator?
Replies: 56
Views: 9237

Re: What is your favorite retirement calculator?

Excel spreadsheets and tax software. I know of no “retirement calculators” that take planning of Roth conversions into account and does a good job of it. So if you have a large amount in tax-deferred accounts, this is a DIY project. I did plan my Roth conversions with Esplanner, but it required a w...
by is50xenough
Sat Apr 24, 2021 7:55 am
Forum: Personal Consumer Issues
Topic: Haven't used propane fireplace in long time--help
Replies: 9
Views: 1168

Re: Haven't used propane fireplace in long time--help

Responses appreciated so far. Main concern is setting house on fire---if no odor and no leaks on outside propane tanks or tubes by bubble test, is there still concern about fire? We do plan on hiring professional, just want to make sure they check for all appropriate stuff since even with profession...
by is50xenough
Fri Apr 23, 2021 6:09 pm
Forum: Personal Consumer Issues
Topic: Haven't used propane fireplace in long time--help
Replies: 9
Views: 1168

Haven't used propane fireplace in long time--help

Haven't used propane fireplace in like a decade. what would you do to make sure it works without setting house on fire or something?
by is50xenough
Tue Apr 20, 2021 6:56 am
Forum: Personal Investments
Topic: How to think of 529s and asset allocation?
Replies: 11
Views: 1030

Re: How to think of 529s and asset allocation?

With the recent changes to the Vanguard Target Enrollment funds, I've been considering taking more control and making my own investment choices in my 529s. But thinking more deeply about this, a couple questions have come to mind. 1. Why hold cash in a 529? I understand shifting the asset allocatio...
by is50xenough
Tue Apr 20, 2021 6:55 am
Forum: Personal Investments
Topic: How to think of 529s and asset allocation?
Replies: 11
Views: 1030

Re: How to think of 529s and asset allocation?

With the recent changes to the Vanguard Target Enrollment funds, I've been considering taking more control and making my own investment choices in my 529s. But thinking more deeply about this, a couple questions have come to mind. 1. Why hold cash in a 529? I understand shifting the asset allocatio...
by is50xenough
Wed Apr 07, 2021 4:00 pm
Forum: Investing - Theory, News & General
Topic: Talking Taxes with Phil DeMuth on the April "Bogleheads on Investing" podcast
Replies: 14
Views: 1968

Re: Talking Taxes with Phil DeMuth on the April "Bogleheads on Investing" podcast

It was mentioned the practice of super funding 529 with the expectation of paying a penalty in the future [withdrawal for non-education expense]. I guess the calculation would just come down income tax now vs income tax then. As it is likely the 10% penalty would be less than long term capitol gain...
by is50xenough
Wed Apr 07, 2021 11:05 am
Forum: Investing - Theory, News & General
Topic: Talking Taxes with Phil DeMuth on the April "Bogleheads on Investing" podcast
Replies: 14
Views: 1968

Re: Talking Taxes with Phil DeMuth on the April "Bogleheads on Investing" podcast

It was mentioned the practice of super funding 529 with the expectation of paying a penalty in the future [withdrawal for non-education expense]. I guess the calculation would just come down income tax now vs income tax then. As it is likely the 10% penalty would be less than long term capitol gain...
by is50xenough
Thu Apr 01, 2021 6:50 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Question
Replies: 9
Views: 1212

Re: Social Security Question

Just learned that the frequently mentioned Personal Finance Toolbox has a tab that will figure this out.
by is50xenough
Mon Mar 29, 2021 9:14 am
Forum: Personal Finance (Not Investing)
Topic: Can we afford this house? - moving from NYC to S. Florida
Replies: 7
Views: 866

Re: Can we afford this house? - moving from NYC to S. Florida

In my family we are all about schools. If multiple kids end up in private that is also huge expense. I would keep looking and target only good school areas.
by is50xenough
Sun Mar 28, 2021 2:25 pm
Forum: Personal Investments
Topic: Roth Conversion Strategies
Replies: 14
Views: 2222

Re: Roth Conversion Strategies

Retiredjg what is your thought on converting the whole $90000-100000 that covers a whole tier? It would seem that the rmd that would have occurred on that amt (even without growth in what was ira money) makes that worthwhile. Or am I missing something. Obviously assuming continued 24+ % tax bracket...
by is50xenough
Sun Mar 28, 2021 12:10 pm
Forum: Personal Investments
Topic: Roth Conversion Strategies
Replies: 14
Views: 2222

Re: Roth Conversion Strategies

I like to do conversions in December when I have a pretty good handle on exactly what my income will be. And (lately) what changes may happen in tax law during the year. I don't know if you can predict what is best to convert if it is all stuff you want to keep for the long run. The thing to watch ...
by is50xenough
Sat Mar 27, 2021 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: Calling Pralana Calculator Users
Replies: 34
Views: 3142

Re: Calling Pralana Calculator Users

Exchme been following your posts in reference to Roth conversions. What sort of tax brackets are you talking about when you compared programs on this issue above? Thx Thanks, will update this thread when I learn more. My assessment is Pralana Gold does a better job during your lifetime in handling ...
by is50xenough
Fri Mar 26, 2021 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: Calling Pralana Calculator Users
Replies: 34
Views: 3142

Re: Calling Pralana Calculator Users

Exchme been following your posts in reference to Roth conversions. What sort of tax brackets are you talking about when you compared programs on this issue above? Thx Thanks, will update this thread when I learn more. My assessment is Pralana Gold does a better job during your lifetime in handling ...
by is50xenough
Fri Mar 26, 2021 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Calling Pralana Calculator Users
Replies: 34
Views: 3142

Re: Calling Pralana Calculator Users

Exchme: I see. That's why I ran numerous scenarios to find my ultimate portfolio arrangement, including keeping the AAs constant across all account types. You're correct in that a higher AA in Roth will act as a conversion bias, but even with the most extreme variations I inputted, the full Roth co...
by is50xenough
Sun Mar 21, 2021 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax bug: Form 2210, has been fixed!
Replies: 6
Views: 1205

Re: TurboTax bug Form 2210

Thanks for bringing to my attention and for tracking. It is fixed! I just checked the TurboTax community forum thread that I linked in my first post and several people are reporting that this bug has been fixed. I checked my own return and Part IV, Section A of Form 2210 now looks correct. As I men...
by is50xenough
Thu Mar 18, 2021 3:29 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax bug: Form 2210, has been fixed!
Replies: 6
Views: 1205

Re: TurboTax bug Form 2210

Thanks for bringing to my attention and for tracking.