Search found 70 matches

by cloneman33
Sun Jan 05, 2020 1:56 pm
Forum: Personal Investments
Topic: HSA Questions
Replies: 6
Views: 413

Re: HSA Questions

Thanks for the replies, as always Bogleheads a great resource! All the best in 2020!
God Bless!
by cloneman33
Sun Jan 05, 2020 12:04 pm
Forum: Personal Investments
Topic: HSA Questions
Replies: 6
Views: 413

HSA Questions

Happy New Year, I retired mid last year and had and still have in retirement a HDHP. Last year it was payroll deducted for an HSA, but still have roughly $4k left to contribute before April to “top off” 2019. So I need to pay the “top off” amount with after tax dollars now and deduct that amount fro...
by cloneman33
Tue Dec 17, 2019 7:51 pm
Forum: Personal Investments
Topic: VWIAX Wellesley Income -1.82% today
Replies: 6
Views: 1152

Re: VWIAX Wellesley Income -1.82% today

Thanks for the quick reply...love the fund will take a look tomorrow. Cheers.
by cloneman33
Tue Dec 17, 2019 7:44 pm
Forum: Personal Investments
Topic: VWIAX Wellesley Income -1.82% today
Replies: 6
Views: 1152

VWIAX Wellesley Income -1.82% today

Hi All, I just moved to Vanguard this year and own Wellesley Income fund VWIAX, as one of my funds. It dropped 1.82% today and the rest of market was up and other bond funds were not off like that. I know it’s a 30/70 stock bond fund.Is this a year end type dividend transaction that offsets in the n...
by cloneman33
Sat Dec 07, 2019 1:17 pm
Forum: Personal Consumer Issues
Topic: Bike Rack Recommendations for 2” Hitch
Replies: 30
Views: 1893

Re: Bike Rack Recommendations for 2” Hitch

Thanks for all the great answers. Yes, one responder asked if 2 adult bikes, yes sir. I will do more research, just started. Thanks again! Merry Christmas to all!
by cloneman33
Fri Dec 06, 2019 10:40 pm
Forum: Personal Consumer Issues
Topic: Bike Rack Recommendations for 2” Hitch
Replies: 30
Views: 1893

Bike Rack Recommendations for 2” Hitch

Hello,

I am putting a 2” Hitch on our Subaru Forester for a bike rack. Any reco on a quality rack for 2 bikes with threaded bolt and locks for the bikes? Thanks in advance!
by cloneman33
Wed Aug 28, 2019 10:25 am
Forum: Personal Finance (Not Investing)
Topic: Paying off a Car Loan, what Interest rate is to high?
Replies: 4
Views: 318

Paying off a Car Loan, what Interest rate is to high?

I have a 3.99% Interest rate on our car that has a balance of $22k. Being charged $60 month in interest. Ready to be done with car payments forever now that I retired a few months ago. I have the Trad IRA or Roth IRA assets to pay the loan off with those funds, not enough in taxable. I am 60.5 years...
by cloneman33
Wed Aug 28, 2019 10:14 am
Forum: Personal Investments
Topic: Roth Conversions into next tax bracket
Replies: 13
Views: 1030

Re: Roth Conversions into next tax bracket

Thank you all for the great replies....very very helpful. I will convert as much as possible before Age 62 seems plausible. I have read about IRMAA but need to revisit and also study up on NIIT (Sounds like a Basketball Tournament). The consensus in everything I read is these tax brackets may be the...
by cloneman33
Tue Aug 27, 2019 9:29 pm
Forum: Personal Investments
Topic: Roth Conversions into next tax bracket
Replies: 13
Views: 1030

Roth Conversions into next tax bracket

Should I do Roth Conversions if those Conversions will take me up into the 24% bracket from 22%. Isn’t the increased 2% only on those $’s over around $168k taxable income. Haven’t started conversions but just retired 3 months ago and am now 60.5 years old. Thanks for any insight.
by cloneman33
Wed Aug 07, 2019 3:06 pm
Forum: Personal Finance (Not Investing)
Topic: House Rental Question
Replies: 11
Views: 681

Re: House Rental Question

Thanks to all for responses, I will get the Lease read and understood better. Appreciate the help!
by cloneman33
Wed Aug 07, 2019 1:39 pm
Forum: Personal Finance (Not Investing)
Topic: House Rental Question
Replies: 11
Views: 681

Re: House Rental Question

I do know they all signed separate leases in their own name.
by cloneman33
Wed Aug 07, 2019 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: House Rental Question
Replies: 11
Views: 681

House Rental Question

Got an unusual situation. My child in her 20's, rented a house with 2 friends a couple months ago. Just a few weeks ago one of the roommates had an accidental death. Very sad and trying times for all for sure. Especially the roommates family. All 3 have separate lease agreements signed. The landlord...
by cloneman33
Tue Jul 30, 2019 3:32 pm
Forum: Personal Investments
Topic: New 1099 Income -Advice Needed
Replies: 11
Views: 877

Re: New 1099 Income -Advice Needed

You are right I had not read up on that. Have not made first penny yet, so reading I will do. Thanks for that Insight, very important.
by cloneman33
Tue Jul 30, 2019 1:55 pm
Forum: Personal Investments
Topic: New 1099 Income -Advice Needed
Replies: 11
Views: 877

Re: New 1099 Income -Advice Needed

Thanks for clarification, so once I hit $19K, I can add catch up of $6K. If I get that far I can keep going up to $56K and then add another $6K in catch up at that level, correct?
by cloneman33
Tue Jul 30, 2019 12:51 pm
Forum: Personal Investments
Topic: New 1099 Income -Advice Needed
Replies: 11
Views: 877

Re: New 1099 Income -Advice Needed

Thanks for the replies. Appreciate it. I looked at Vanguards Solo 401K and they have traditional and Roth options. Roth seems very appealing for more tax free income coming out. If I read it correctly, if I have no employees I am deemed both the Employer and Employee. So, over 50 with catch up I can...
by cloneman33
Mon Jul 29, 2019 8:03 pm
Forum: Personal Investments
Topic: New 1099 Income -Advice Needed
Replies: 11
Views: 877

New 1099 Income -Advice Needed

I recently retired and have a promising opportunity in a small business, which I believe, has potential. I was a Salary/Bonus W2 Corporate compensation employee for over 33 years. My health/dental insurance is through this company in retirement. I will now be a 1099 Independent Sales rep. I have goo...
by cloneman33
Tue Jun 25, 2019 6:50 pm
Forum: Personal Finance (Not Investing)
Topic: Lease vs Buying a Car
Replies: 84
Views: 6732

Re: Lease vs Buying a Car

Thanks for all the comments. I am leaning to the 2-4 year old vehicle and paying cash. Would like to not have a payment and have a car that has depreciated to its real value. I will research some more. Need to get a vehicle in the next few weeks!
by cloneman33
Tue Jun 25, 2019 10:20 am
Forum: Personal Finance (Not Investing)
Topic: Lease vs Buying a Car
Replies: 84
Views: 6732

Re: Lease vs Buying a Car

Pardon the ignorance but what is CPO?
by cloneman33
Tue Jun 25, 2019 10:15 am
Forum: Personal Finance (Not Investing)
Topic: Lease vs Buying a Car
Replies: 84
Views: 6732

Lease vs Buying a Car

I have always bought my vehicles. Looking for folks opinions on buying vs leasing vehicles? Also, are there used vehicle leases or just new? Is the instant decline of value of a new car priced into a new car lease price? Thanks for any help!
by cloneman33
Sun Jun 02, 2019 8:12 pm
Forum: Personal Investments
Topic: Retired Friday!! tIRA withdrawal advise
Replies: 5
Views: 892

Re: Retired Friday!! tIRA withdrawal advise

Livesoft that’s what I had been planning as I need it I sell and fund my bill paying account. Not a set time of month and will vary month to month. Keeping an eye on top of tax brackets as I move through the year. Thx for the response!
by cloneman33
Sun Jun 02, 2019 8:04 pm
Forum: Personal Investments
Topic: Retired Friday!! tIRA withdrawal advise
Replies: 5
Views: 892

Re: Retired Friday!! tIRA withdrawal advise

That was confusing, an annual withdrawal rate from tIRA of 4-6%. Balance is $825k and will need $35 to $50k per year year in addition to Pension for expenses until SS at FRA or longer. AA is 45/55 hope to earn 3-5% per year on that AA.
by cloneman33
Sun Jun 02, 2019 2:10 pm
Forum: Personal Investments
Topic: Retired Friday!! tIRA withdrawal advise
Replies: 5
Views: 892

Retired Friday!! tIRA withdrawal advise

Blessed and what a feeling, 33.5 year career and off to retirement land! I will be living off Pension (Non Cola) and tIRA (rolled my 401) at Vanguard. Goal is to delay SS at least until FRA (60 years old, FRA 66 10 months) and possibly to 70. Spousal Soc security benefit is half mine but doesn’t inc...
by cloneman33
Tue May 14, 2019 11:26 am
Forum: Personal Investments
Topic: tIRA Rollover to HSA
Replies: 9
Views: 587

Re: tIRA Rollover to HSA

Thanks for all the replies. Boy, this board is better than having an advisor :happy
by cloneman33
Sun May 12, 2019 7:58 pm
Forum: Personal Investments
Topic: tIRA Rollover to HSA
Replies: 9
Views: 587

Re: tIRA Rollover to HSA

The company insurance is not Cobra. Company subsidized health care. High deductible plan. $675 month for me and DW. Blessed!
by cloneman33
Sun May 12, 2019 7:45 pm
Forum: Personal Investments
Topic: tIRA Rollover to HSA
Replies: 9
Views: 587

Re: tIRA Rollover to HSA

I misread about any medical premium can be paid with HSA dollars so that actually won’t work for me. But funding one still makes sense for future qualified medical expenses correct?
by cloneman33
Sun May 12, 2019 7:02 pm
Forum: Personal Investments
Topic: tIRA Rollover to HSA
Replies: 9
Views: 587

Re: tIRA Rollover to HSA

Thanks for the reply. I am not taxed on HSA withdrawal if it’s for qualified medical expenses and premiums are qualified. So I get a deduction going in and tax free coming out to pay premium? Doesn’t that reduce cost of premium by tax bracket, 22% in our case.
by cloneman33
Sun May 12, 2019 6:17 pm
Forum: Personal Investments
Topic: tIRA Rollover to HSA
Replies: 9
Views: 587

tIRA Rollover to HSA

Retiring at the end of May. Age 60. Health/ Dental insurance premiums will need to be paid by me not company payroll. Company subsidized Health and Dental until Medicare. Has anyone done the one time IRA to HSA rollover? Looks like I can do $8,000 in 2019 and would like to pay premiums out of HSA go...
by cloneman33
Sun Apr 07, 2019 4:36 pm
Forum: Personal Investments
Topic: Vanguard Checkwriting Account
Replies: 20
Views: 2770

Re: Vanguard Checkwriting Account

Thanks to all appreciate the confirmation, going to setup the Prime with Checkwriting. Take care!
by cloneman33
Sat Apr 06, 2019 8:12 pm
Forum: Personal Investments
Topic: Vanguard Checkwriting Account
Replies: 20
Views: 2770

Vanguard Checkwriting Account

Just moved to Vanguard a couple months ago. Need 1 checkwriting taxable account, is Prime Money Market good option or others?
by cloneman33
Tue Apr 02, 2019 7:14 pm
Forum: Personal Investments
Topic: Roth Conversions without Taxable Accounts for taxes on Conversions?
Replies: 11
Views: 1096

Re: Roth Conversions without Taxable Accounts for taxes on Conversions?

Thanks hawk fan, sounds like I will be in a very similar boat when I retire with no taxable accounts so your response was great to read and learn. Appreciate you taking the time!
by cloneman33
Mon Apr 01, 2019 8:13 pm
Forum: Personal Investments
Topic: Roth Conversions without Taxable Accounts for taxes on Conversions?
Replies: 11
Views: 1096

Re: Roth Conversions without Taxable Accounts for taxes on Conversions?

Fortunately I will have a non COLA Pension to assist when I retire this year. If you would receive a higher annual pension in return for delaying its start, that may be worthwhile due to lower tax on traditional to Roth conversions. Pension is now frozen meaning company initiated freeze and the pen...
by cloneman33
Sun Mar 31, 2019 7:38 pm
Forum: Personal Investments
Topic: Converting accumulated money into monthly income
Replies: 12
Views: 2380

Re: Converting accumulated money into monthly income

Did notice you are a resident of SD. Believe that is a no State Income Tax state. That is a huge positive so if moving to the south you have a few states I can think of that are State Income Tax free. Texas, Tennessee, Florida. Be aware of that as that would be a big change to move to a State Income...
by cloneman33
Sun Mar 31, 2019 7:22 pm
Forum: Personal Investments
Topic: Roth Conversions without Taxable Accounts for taxes on Conversions?
Replies: 11
Views: 1096

Re: Roth Conversions without Taxable Accounts for taxes on Conversions?

Thanks for the replies, believe it does makes sense to convert up to the top of the 22% tax bracket, if possible. Get more $’s in tax free vehicles. Fortunately I will have a non COLA Pension to assist when I retire this year. Using tIRA and Pension to bridge to Soc Security FRA at least, which is 6...
by cloneman33
Sun Mar 31, 2019 4:26 pm
Forum: Personal Investments
Topic: Roth Conversions without Taxable Accounts for taxes on Conversions?
Replies: 11
Views: 1096

Roth Conversions without Taxable Accounts for taxes on Conversions?

Would like to start Roth conversions on tIRA his year. Age 60 this year. All monies in tIRA (was t401k but now rolled to Vanguard tIRA) and Roth (contributing last 10 years). Expenses of life, mortgages, kids, college precluded me having taxable account assets to pay the tax on Roth conversions. Hav...
by cloneman33
Sat Mar 30, 2019 4:57 pm
Forum: Non-US Investing
Topic: Can my dad retire? [Indonesia]
Replies: 12
Views: 2361

Re: Can my dad retire?

Will he have social security and what will it be? That will be an important piece:
by cloneman33
Fri Mar 29, 2019 6:10 pm
Forum: Personal Investments
Topic: Post 59.5 tIRA withdrawals to fund Roth’s
Replies: 9
Views: 1069

Re: Post 59.5 tIRA withdrawals to fund Roth’s

Thanks to all. Learning so much on this board as I manage my own retirement assets and I truly prefer it that way!
by cloneman33
Thu Mar 28, 2019 4:01 pm
Forum: Personal Investments
Topic: Why would one NOT do Roth Conversions?
Replies: 22
Views: 3004

Re: Why would one NOT do Roth Conversions?

Eastern Tenn, no state income tax [OT comment removed by admin LadyGeek], I only live a couple hours from there in North Carolina but don’t think I can get DW to move :oops:
by cloneman33
Thu Mar 28, 2019 2:39 pm
Forum: Personal Investments
Topic: Why would one NOT do Roth Conversions?
Replies: 22
Views: 3004

Re: Why would one NOT do Roth Conversions?

Thanks for all the great responses. I have a lot to model and work on to make the best moves. I appreciate the great comments and will do the diligence. I do have subsidized health insurance from my company until 65. This does have much complexity but all the info here really helps sort it out. Than...
by cloneman33
Thu Mar 28, 2019 1:10 pm
Forum: Personal Investments
Topic: Why would one NOT do Roth Conversions?
Replies: 22
Views: 3004

Why would one NOT do Roth Conversions?

I am really trying to understand why you would not do Roth conversions to create more tax free retirement income. Have read that if you are going to stay in same tax bracket may not make sense. I am in 24% bracket and will be in that bracket for foreseeable future when I retire this year. Pension an...
by cloneman33
Wed Mar 27, 2019 8:41 pm
Forum: Personal Investments
Topic: Post 59.5 tIRA withdrawals to fund Roth’s
Replies: 9
Views: 1069

Re: Post 59.5 tIRA withdrawals to fund Roth’s

Just turned 60 and have a tIRA AND t401k with over $800k total. I have Roth’s that I started for both me and DW 10 years ago during the market swoon to start to build tax free retirement income. I am going to delay SS at least to FRA. Retiring this year. Will use Pension $50k per year Non-Cola and ...
by cloneman33
Tue Mar 26, 2019 6:46 pm
Forum: Personal Investments
Topic: Post 59.5 tIRA withdrawals to fund Roth’s
Replies: 9
Views: 1069

Post 59.5 tIRA withdrawals to fund Roth’s

Just turned 60 and have a tIRA AND t401k with over $800k total. I have Roth’s that I started for both me and DW 10 years ago during the market swoon to start to build tax free retirement income. I am going to delay SS at least to FRA. Retiring this year. Will use Pension $50k per year Non-Cola and o...
by cloneman33
Tue Mar 26, 2019 2:19 pm
Forum: Personal Investments
Topic: Roth contributions into retirement
Replies: 5
Views: 702

Re: Roth contributions into retirement

I max Roth when tax scenarios suit my year tax obligations and / goals Healthcare? @ age 60 you may be looking to get ACA (subsidies) If so... (next reader?) you want to keep income low (<$65k) = no Roth Roll or tIRA distributions until age 65. - May want to do Roth withdrawals until age 65 if nece...
by cloneman33
Mon Mar 25, 2019 8:58 pm
Forum: Personal Investments
Topic: Roth contributions into retirement
Replies: 5
Views: 702

Roth contributions into retirement

Hello all, I am retiring end of May. I have Roth’s for both myself and DW. My plan is to delay SS at least until FRA. We are 60. Will be using Pension and tIRA rollover with a 45/55 AA to bridge to SS. I am focused on reducing expenses in these bridge years and insuring portfolio longevity. Question...
by cloneman33
Mon Mar 11, 2019 7:46 pm
Forum: Personal Investments
Topic: tIRA Retirement Withdrawals Question
Replies: 3
Views: 265

tIRA Retirement Withdrawals Question

I am retiring in a few months. I just turned 60 last month. I will have non COLA Pension of $50k. Rollover tIRA of $820k. DW and I are same age and plan to delay SS until FRA 66 years 10 months to max out her spousal SS benefit. She is homemaker and is eligible for for very small $360 month benefit ...
by cloneman33
Sun Mar 03, 2019 9:40 pm
Forum: Personal Investments
Topic: Structured CD Investments
Replies: 6
Views: 560

Re: Structured CD Investments

Cloneman33, I ran a Monte Carlo model of this Structured CD. I took your description literally: Annually capped credited interest of 10%, 50% participation rate, no losses allowed. Used the S&P500 as the reference stock index (quite common in the industry, but by no means the only one offered). For...
by cloneman33
Sun Mar 03, 2019 9:21 pm
Forum: Personal Investments
Topic: tIRA to Roth Conversion help
Replies: 8
Views: 670

Re: tIRA to Roth Conversion help

Do you plan to stay in the same home during your retirement? If so it makes sense to pay off the mortgage fully or as fast as possible. If you are in 22% tax bracket now, try to withdraw up to 168k per year (top of 22% bracket), and pay off the mortgage balance with any excess after living expenses...
by cloneman33
Sun Mar 03, 2019 9:14 pm
Forum: Personal Investments
Topic: tIRA to Roth Conversion help
Replies: 8
Views: 670

Re: tIRA to Roth Conversion help

Run your expected situation through your tax software to see what your marginal rate will be after taking SS. If the marginal rate is greater than 22%, you might consider Roth conversions. Also, check to see what your marginal rate will be with SS and RMD's, starting at age 70.5. Thanks for the adv...
by cloneman33
Sun Mar 03, 2019 8:45 pm
Forum: Personal Investments
Topic: tIRA to Roth Conversion help
Replies: 8
Views: 670

tIRA to Roth Conversion help

I am retiring this year at age 60. Have $640k in tIRA with Vanguard, just moved it there. Still in Money Market only been there a week or so. Also still have $170k in Company t401k, they would not let me move it all yet. Also have a Non Cola Pension of $52k per year, no lump sum option just annuity ...
by cloneman33
Sun Mar 03, 2019 8:04 pm
Forum: Personal Investments
Topic: Structured CD Investments
Replies: 6
Views: 560

Structured CD Investments

Hi All, Had a friend over lunch talking about structured CD’s tied to Stocks. Term 3 to 6 years. Claims no loss of principal guaranteed and you can earn 50% of market returns, market makes 10% you get 5%. Capped at me earning 10% per year, assume provider makes even more in a big up year in stocks. ...
by cloneman33
Sun Feb 17, 2019 8:43 pm
Forum: Personal Investments
Topic: Life Advice... Employer 401K
Replies: 13
Views: 976

Re: Life Advice... Employer 401K

Sounds like you have a long time Horizon mentioning the 2050 fund so assuming 30 years to desired retirement. In that case you should be at least 80% equities. You can justify 20% in bonds to balance stock market risk. Of the vehicles you mentioned I would use the Roth 401 after tax $’s in and Tax F...