Search found 40 matches

by JonnyBeRetired
Mon Feb 19, 2024 9:22 am
Forum: Personal Finance (Not Investing)
Topic: Bank of America - Credit Card Fraud?
Replies: 21
Views: 2200

Re: Bank of America - Credit Card Fraud?

I had fraud on a card and the first thing the customer service person asked me was if I had a digital wallet. I told her no but it seems the wallets have something going on. We have never used a digital wallet. About three months ago, we reported a fraudulent charge on our credit card and received a new card. Within a couple of days and before even using the new card, four more fraudulent charges showed up on the new card. After speaking with the Fraud Department again it was determined that the original stolen card number/cvv had been placed in a digital wallet. Even though the old number/cvv was cancelled and a new number/cvv had been issued, that unauthorized digital wallet continued to be linked to our credit card account and new fraud...
by JonnyBeRetired
Mon Sep 26, 2022 11:14 pm
Forum: Personal Finance (Not Investing)
Topic: [Speculation on future of Ally Bank - Seeking Alpha article]
Replies: 132
Views: 19175

Re: Ally Bank concerns??? Bankruptcy???

DesertDiva wrote: Sat Sep 24, 2022 10:20 am
Sunflowerlover wrote: Fri Sep 23, 2022 5:44 pm … an article …

https://seekingalpha.com/article/454232 ... t-declines
Look for another source outside of Seeking Alpha. My $0.02 worth.
I couldn’t agree more. Here’s a source that might provide more insight into the health US banks, including Ally, than an article in Seeking Alpha. The “2022 Federal Reserve Stress Test Results” at https://www.federalreserve.gov/publicat ... 220623.pdf

Admittedly, it’s a much drier read than the Seeking Alpha article, but the stress test model results for Ally place it somewhere in the middle of pack and no bank is projected to go bankrupt. In other words, the article is off-the-cuff rubbish.
by JonnyBeRetired
Sat May 28, 2022 7:41 pm
Forum: Investing - Theory, News & General
Topic: Free in person meeting with Fidelity CFP
Replies: 27
Views: 2983

Re: Free in person meeting with Fidelity CFP

Questions- Could i really expect him to keep all my personal answers private? Are those routine questions asked by a CFP? Can anyone from Fidelity go into my account without my password? (BIG concern of mine) is there such thing as a free lunch ( free meeting). He wants to meet back with me after my vacation. Could i really expect him to keep all my personal answers private? Yes Are those routine questions asked by a CFP? Yes, our CFP initially entered all that information into Fidelity’s Retirement Tool, ran a Monte Carlo analysis and walked us through the results. We have accounts at more than one firm and we now keep that info up to date and our Fidelity CFP does a nice annual review of our information. Can anyone from Fidelity go into ...
by JonnyBeRetired
Sat May 28, 2022 5:24 pm
Forum: Personal Investments
Topic: Advice please: First time taxable account
Replies: 12
Views: 1900

Re: Advice please: First time taxable account

Hello bogleheads, I'm 34, wife is 29. I work in IT, and she is a school teacher. Our Combined nett monthly income (after taxes, 401k contribution, deductions, etc.) is around $8K. Monthly expenses are around $2,500 per month (includes EMI ~$1,300). At most, our monthly expenses are $3k. We have a 22-month old son. I max out my 401k, HSA (both of us), and Roth IRA (both of us). Wife is not eligible for 401k until some time at her employer, and most of her income goes towards son's daycare tuition. We have around $200K in 401k, I-bonds, HSA, and Roth IRAs combined so far. Have around $70K in bank account, which is around 2 years of emergency savings. I have never done taxable investments before, and want to invest at least 50% ($2,500) month...
by JonnyBeRetired
Sat May 28, 2022 12:58 pm
Forum: Personal Investments
Topic: Resurrecting a dormant Roth account
Replies: 11
Views: 1679

Re: Resurrecting a dormant Roth account

Questions: 1. I've had a Roth IRA invested RPGMX which I have contributed to since 2008. I am trying to get back on track, but would it be wise to switch to the three fund approach: Total Equity Market Index Fund (POMIX), International Equity Index Fund (PIEQX), QM U.S. Bond Index Fund (PBDIX)? 2. Should I leave things in TRP or move to Vanguard or Fidelity for the lower costs? I currently have my 401k in Vanguard, but I don't have any issues holding investments in different places if Fidelity is preferred. 3. I still have some extra money to put away. I believe the advice is to max out HSA, then max out 401k, then perhaps a taxable brokerage account. Is that correct? Desired Asset allocation: unsure Welcome to the forum, here are a few re...
by JonnyBeRetired
Wed May 25, 2022 9:29 pm
Forum: Personal Investments
Topic: Good Idea? Living of Money Market To Maximize Roth Contributions
Replies: 11
Views: 1860

Re: Good Idea? Living of Money Market To Maximize Roth Contributions

… we just discovered she has a Roth option as well to put away an additional $61k. But of course we would have to live of our savings to the tune of $61K a year. This is quite doable, we intend to work only for 3-4 more years and have $450K in a money market so we'll draw that down $250K which is enough of a safety net. Thoughts on this idea? To me it's a no brainer as the money saved would have been put into after-tax Vanguard anyway so at least here we are getting tax advantages. Yes, creating Roth balances by consuming existing taxable balances is a great way to maximize tax-advantaged space using the mega backdoor Roth concept. Also you might be interested in the Tax-efficient fund placement wiki at https://www.bogleheads.org/wiki/Tax-...
by JonnyBeRetired
Sun May 22, 2022 10:05 am
Forum: Personal Finance (Not Investing)
Topic: Fewer FIRE threads? Market corrections and early retirement plans
Replies: 24
Views: 2388

Re: Fewer FIRE threads? Market corrections and early retirement plans

jebmke wrote: Sun May 22, 2022 9:53 am
livesoft wrote: Sun May 22, 2022 9:46 am My lawn looks GREAT! though.
Mine too - but it always does this time of year.

bumper crop of poison ivy in the scrubby areas down by the water - have to figure out how to address that. Too close to the water for herbicides.
Maybe look into renting some goats and then mulching. See this Western Massachusetts Master Gardener Association article https://www.wmmga.org/content.aspx?page ... _id=235634
by JonnyBeRetired
Sat May 14, 2022 11:40 pm
Forum: Personal Investments
Topic: What would you do with 50k right now?
Replies: 69
Views: 9164

Re: What would you do with 50k right now?

We have around $50k to spend … and 401k, hsa are maxed out yearly. Does ‘maxing out the 401k’ include making after-tax contributions? If not, you may be able to take advantage of the Mega Backdoor Roth concept to maximize your tax advantaged space. Check to see if your company allows after-tax contributions in your 401k plan and allows moving the after-tax contributions to a Roth account in the 401k or out into a Roth IRA. If they do, you will essentially consume the $50k over several months, increase your after-tax contributions to your 401k by the same amount, and convert the after-tax contributions to Roth balances. Be sure to keep the total that you and your employer contribute to the 401k below the IRS maximum annual contribution limi...
by JonnyBeRetired
Mon May 09, 2022 12:28 am
Forum: Personal Investments
Topic: 401k tax deferred vs 401k Roth
Replies: 26
Views: 2168

Re: 401k tax deferred vs 401k Roth

BTBTW, I know I'm going to have to withdraw more than $27k + $4.6k to have the IRA empty within 10 years. Since you will need to withdraw more than the amounts stated above to empty the inherited IRA, you may be able to take advantage of the Mega Backdoor Roth concept to maximize your tax advantaged space. Check to see if your company allows after-tax contributions in your 401k plan and allows moving the after-tax contributions to a Roth account in the 401k or out into a Roth IRA. If they do, you will essentially consume the additional inherited IRA withdrawals, increase your after-tax contributions to your 401k by the same amount, and convert the after-tax contributions to Roth balances. Be sure to keep the total that you and your employe...
by JonnyBeRetired
Sat Apr 02, 2022 8:28 pm
Forum: Personal Finance (Not Investing)
Topic: Analysis of Impact of ACA Slope (For Roth Conversion)
Replies: 24
Views: 3242

Re: Analysis of Impact of ACA Slope (For Roth Conversion)

FiveK wrote: Sat Apr 02, 2022 8:01 pm Might not be obvious at first glance: Roth Conversion and Capital Gains On ACA Health Insurance describes using the downloadable personal finance toolbox spreadsheet to generate these charts. Seems Excel is needed - Google Sheets, etc., don't appear to have the functionality.
Thanks for the reference to the article. I’ll give it a read through and get back into the spreadsheet.
Jon
by JonnyBeRetired
Sat Apr 02, 2022 8:22 pm
Forum: Personal Finance (Not Investing)
Topic: Analysis of Impact of ACA Slope (For Roth Conversion)
Replies: 24
Views: 3242

Re: Analysis of Impact of ACA Slope (For Roth Conversion)

PaulieLilly wrote: Sat Apr 02, 2022 7:53 pm I am far from an expert on using this spreadsheet. The beauty is it's quite easy to use and tailor to your specific situation(s). It's well worth your time to dive into it. I pasted in a generic example for MFJ, both age 63, no income, no health insurance ... you can see the IRMAA spikes.
Thanks for the quick reply! I’ll go back to the spreadsheet to see if I can reproduce your example and then personalize it. Much appreciated.
Jon
by JonnyBeRetired
Sat Apr 02, 2022 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: Analysis of Impact of ACA Slope (For Roth Conversion)
Replies: 24
Views: 3242

Re: Analysis of Impact of ACA Slope (For Roth Conversion)

PaulieLilly wrote: Tue Dec 28, 2021 2:29 pm I took a similar approach to furwut and ended up converting ~$100k in 2021.
I created this chart (similar to the one referenced in the previous link) to help visualize my conversion options for my specifics ... both age 60, MFJ, ACA w/ HSA, only income is small amount of interest & QD's.
Image
Hi Paulie,
I’m trying to figure out Roth conversions for age 63 to 72 and see that IRMAA will factor into my decisions. I’m curious if you’ve created a similar chart that incorporates the various IRMAA thresholds? If so, I might print it out and frame it to keep me focused. :D
Jon
by JonnyBeRetired
Sun Jan 16, 2022 9:48 pm
Forum: Personal Investments
Topic: My First Roth conversions to be this year! Top of 24% or 32%?
Replies: 42
Views: 6274

Re: My First Roth conversions to be this year! Top of 24% or 32%?

ClassOf2021 wrote: Sun Jan 16, 2022 11:00 am
401k: 3177 me (includes 87 aftertax …)
Have you looked into whether or not your 401k plan will allow you to convert these after tax funds into Roth funds? If your 401k plan will not allow that, then you might look into whether the aftertax funds can be rolled out into a Roth (and associated earnings rolled out into a traditional IRA).
by JonnyBeRetired
Fri Jul 30, 2021 2:23 pm
Forum: Personal Investments
Topic: Calculator: Taxes owed in retirement
Replies: 14
Views: 2087

Re: Calculator: Taxes owed in retirement

I have found these two sites to be helpful - the first is a calculator and the second is a list of tax treatments:

https://smartasset.com/retirement/retirement-taxes

https://www.retirementliving.com/taxes-by-state
by JonnyBeRetired
Tue Feb 16, 2021 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: Traditional versus Roth wiki update
Replies: 192
Views: 21199

Re: Traditional versus Roth wiki update

...rather than allude to some sort of psychological comfort someone might get from having half of each of a binary decision. If someone's going to make an emotional decision, then they can, but we shouldn't commit valuable space in the article to encourage that. Our goal should be to give well-reasoned but simple advice that's going to steer novice readers toward the right answer for them as best as we can. You seem to lie on the analytical end of the spectrum. No problem with that, and it may serve you very well in your chosen career. A brief acknowledgement of the emotional component to investing, however, seems a very good use of valuable space. Are you able to settle for anything close to my proposed compromise? I thought the wording s...
by JonnyBeRetired
Tue Feb 09, 2021 10:34 pm
Forum: Personal Finance (Not Investing)
Topic: Traditional versus Roth wiki update
Replies: 192
Views: 21199

Re: Traditional versus Roth wiki update

Bumping this up for more comments. Below are a few items to consider. Just couple of typos and a few suggestions to improve clarity. Delete items in { } and add/move items in [ ]. Fyre4ce/Traditional versus Roth refers to the {common investment} decision [of] whether to use a traditional (pre-tax) or [a] Roth tax structure{s}. [Preference for one tax structure {or} [over] another {is} [falls] under the broader umbrella of tax planning.] You must make this decision {if} [when] your employer offers both a traditional and Roth 401(k), or when you can deduct a traditional IRA contribution or use a Roth IRA, or when you consider leaving money in a traditional account or converting some to Roth. The better option is the one that gives you (or yo...
by JonnyBeRetired
Fri Jun 12, 2020 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: Credit cards/issuers that support e-bills? As in, you can receive ebills/pay automatically using your bank's BillPay
Replies: 8
Views: 2677

Re: Credit cards/issuers that support e-bills? As in, you can receive ebills/pay automatically using your bank's BillPay

eBills is a Fiserv product. Financial institutions may contract with Fiserv so customers can receive and pay electronic bills. In addition, firms (including financial institutions) may contract with Fiserv to have their bills delivered electronically.

See this link to an eBill site - http://www.ebillplace.com/cda/ebillplace/index.html Go to the ‘Providers’ Tab to search if your bank offers the service (left panel) and if companies you owe money to deliver eBills (middle panel). Enter the issuer of the credit card - Elan Financial for Fidelity’s credit card (which apparently doesn’t contract with Fiserv). The list is not perfectly up to date, but is still reasonably helpful.
by JonnyBeRetired
Sun Jun 07, 2020 11:02 am
Forum: Personal Finance (Not Investing)
Topic: DAF -> 501(c)(3) -> Scholarship
Replies: 33
Views: 2105

Re: DAF -> 501(c)(3) -> Scholarship

Here’s a link to a Fidelity Charitable pdf that explains a few options for using a DAF to support scholarships.

https://www.fidelitycharitable.org/cont ... cation.pdf
by JonnyBeRetired
Sun May 17, 2020 2:47 pm
Forum: Personal Investments
Topic: What to do with after-tax contributions to employer 401k?
Replies: 46
Views: 2631

Re: What to do with after-tax contributions to employer 401k?

It’s fortunate to be able to save more. Consider taking a pause from the details of your 401k and focus on what is the purpose/goal for the money you are planning to save. If your purpose/goal is retirement, then automatic conversions of after-tax savings to Roth is a powerful tool to quickly and efficiently build your Roth account. If your purpose/goal is home purchase, search the site for things like Using 401k as Vehicle for Down Payment and Saving for Home Down Payment. There are several good threads on these subjects with pros/cons. Also, check out the Bogleheads Wiki on Funding Priority at https://www.bogleheads.org/wiki/Prioritizing_investments It may provide some insight on which vehicle to fund next. For example, if it’s available ...
by JonnyBeRetired
Wed May 06, 2020 12:55 am
Forum: Personal Finance (Not Investing)
Topic: Best online savings bank
Replies: 28
Views: 6490

Re: Best online savings bank

Life long regular bank user here...why should I move my 100k to online bank with a savings account? What are the best ones out there? Are they legit? Online banks/direct banks often pay higher interest rates - generally by avoiding costs associated with retail offices. After APY which one is ‘best’ really depends upon your needs. Most offer low/no cost checking/bill payment services, low/no cost ATM access, easy electronic fund transfers to your other institutions, and some offer favorable CD offerings. Some people like to create a ‘hub bank’ and establish a credit card, savings account and checking/bill pay relationships at the same institution. I’ve done that at one of the online banks and one of the discount brokerages, so credit card r...
by JonnyBeRetired
Thu Apr 30, 2020 1:19 am
Forum: Personal Investments
Topic: 25 Years Old Trying to Build a Lazy Portfolio
Replies: 31
Views: 2967

Re: 25 Years Old Trying to Build a Lazy Portfolio

+1 to Dominic’s and other’s suggestion of the Four-In-One Index Fund given the choices in your Simple IRA. My honest advice: use the Fidelity Four-In-One Index Fund. It's basically a 3-fund portfolio of 60% US stock, 25% international stock, and 15% total bond. It is by far the cheapest fund available to you, at 0.11% ER. If your desired asset allocation is anywhere near this, it's probably worth compromising your ideal AA and saving the money on expenses. Keep it simple and inexpensive in your Simple IRA to maximize the company match. After that, consider the Funding Priority list detailed in the Bogleheads’ Wiki. https://www.bogleheads.org/wiki/Prioritizing_investments#Funding_priority Given your age, if you can save more and can work you...
by JonnyBeRetired
Sat Apr 18, 2020 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: Good Bank to use for Commercial purposes
Replies: 13
Views: 851

Re: Good Bank to use for Commercial purposes

Below is a link to a list of the largest financial institutions operating in Texas from the Department of Banking.

https://www.dob.texas.gov/public/upload ... op0316.pdf

Comerica (which moved it’s headquarters from Detroit to Dallas in 2007) and Frost Bank (mentioned above) are the two largest commercial banks headquartered in Texas. Perhaps an institution headquartered in your home state is a place to start looking for a new relationship.
by JonnyBeRetired
Mon Apr 06, 2020 10:43 pm
Forum: Personal Finance (Not Investing)
Topic: Canceling Auto Insurance for Few Months? Any down sides?
Replies: 56
Views: 4923

Re: Canceling Auto Insurance for Few Months? Any down sides?

Student - I’m sorry, I didn’t see your post on ‘page 2’.
by JonnyBeRetired
Mon Apr 06, 2020 10:41 pm
Forum: Personal Finance (Not Investing)
Topic: Canceling Auto Insurance for Few Months? Any down sides?
Replies: 56
Views: 4923

Re: Canceling Auto Insurance for Few Months? Any down sides?

Check with your insurer - news reports indicate some companies are beginning to provide refunds.

Forbes, April 6, 2020: Car Insurance Companies Start Offering Refunds Because Few Are Driving. https://www.forbes.com/sites/advisor/20 ... 1727be4350
by JonnyBeRetired
Sun Mar 22, 2020 12:56 am
Forum: Personal Consumer Issues
Topic: Need a new car, please help given COVID-19
Replies: 44
Views: 3502

Re: Need a new car, please help given COVID-19

Our mechanic highly recommends Enterprise Car Sales https://www.enterprisecarsales.com/list/buy-a-car/ as source to comparison shop and he has bought several cars from them. He explained that Enterprise Rental is one of the largest car buyers in the country, properly maintains their fleet, sells off their poorer inventory at auction, and sells their better inventory through their Car Sales System. Their site does include a COVID-19 notice indicating which of their 140 locations is temporarily closed. Good luck with your purchase.
by JonnyBeRetired
Sat Mar 07, 2020 11:45 pm
Forum: Personal Finance (Not Investing)
Topic: Bank cancelled CC due to “security concerns”
Replies: 19
Views: 2424

Re: Bank cancelled CC due to “security concerns”

Under the circumstances described, it is fairly typical for a regular bank to keep the credit card account open, cancel the card(s) and issue a new card(s). In some more extreme cases they’ll close the account (including associated checking accounts) and open new ones. I know of one case personally where my father’s, mine and my son’s credit card accounts and checking accounts were all closed due to an attempted fraud against my father’s checking account. A pain, but better safe than sorry. Comenity Bank issues credit cards for many retailers - here’s a site that describes them https://www.crediful.com/comenity-bank-credit-cards/ Essentially you are the customer of the retailer where you applied for the card - the RV shop in your case (even...
by JonnyBeRetired
Mon Feb 03, 2020 7:40 pm
Forum: Personal Finance (Not Investing)
Topic: How to use IRAs in Estate Planning?
Replies: 4
Views: 640

Re: How to use IRAs in Estate Planning?

DW has experience as executor of her parent’s estate and we know how easy it was to transfer separate inherited IRAs to each beneficiary. It was very little work for the executor. So we were wondering if setting up one or more IRA accounts for this purpose makes sense. This is confusing. I thought that the only way an executor would have any control over a decedent's IRA is if it were left to the estate, which would preclude any further "inheriting" of the IRA. Am I mistaken? Sorry if I caused any confusion. I believe you’re right. As the executor, DW simply provided a copy of the IRA account statement and a death certificate to her siblings. Each sibling then took care of the transaction with the financial institution themselves...
by JonnyBeRetired
Mon Feb 03, 2020 7:30 pm
Forum: Personal Finance (Not Investing)
Topic: How to use IRAs in Estate Planning?
Replies: 4
Views: 640

Re: How to use IRAs in Estate Planning?

mhalley wrote: Mon Feb 03, 2020 2:58 pm I think the grand nephew being a minor makes it a little more complicated.
Thanks for pointing out that there is additional complexity when a minor is involved, we had not thought about that at all. The article you shared offers a couple of good alternatives to consider.
by JonnyBeRetired
Mon Feb 03, 2020 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: How to use IRAs in Estate Planning?
Replies: 4
Views: 640

How to use IRAs in Estate Planning?

DW and I wrote our wills and established a revocable trust several years ago and we are in process of reviewing the documents and contemplating an update. One change we would like to make is to include a bequest for each of our 6 nieces and nephews, and grand nephew. Our initial thought was to change language in our estate documents to include our nieces and nephews (in addition to the typical per stirpes language), but then our grandnephew came along which made us wonder if changing the estate documents is the most flexible way to make this change. DW has experience as executor of her parent’s estate and we know how easy it was to transfer separate inherited IRAs to each beneficiary. It was very little work for the executor. So we were won...
by JonnyBeRetired
Sat Jan 25, 2020 3:14 pm
Forum: Personal Consumer Issues
Topic: Subaru Outback engine stop/start
Replies: 125
Views: 16164

Re: Subaru Outback engine stop/start

I had our 2019 Outback in for service yesterday and the dealer provided a 2020 Legacy as a loaner. The Legacy has the same feature and I drove it around the suburbs for about two hours, so plenty of stop signs, stop lights, trains, etc. The auto start stop feature kicked in at least twenty times. Once, while waiting for a train, I shifted in my seat and inadvertently mashed in the brake pedal - the engine restarted. I tried it again before turning onto a busy road and waited with the engine running before the turn. This probably eliminated my biggest question/concern about the feature. Overall the stops and starts were fairly smooth and quiet - though my perspective on quiet might be suspect since previously we drove a 2009 Prius which at t...
by JonnyBeRetired
Fri Jan 24, 2020 2:05 pm
Forum: Personal Investments
Topic: Is Now the Time to Convert to Roth?
Replies: 11
Views: 1472

Re: Is Now the Time to Convert to Roth?

It’s not clear if you’re asking about your entire traditional/deferred amounts, but just in case - there are several reasons to maintain at least some deferred retirement balances to improve overall long term tax efficiency. For example, large medical or long term care expenses may be deductible and can offset the income produced from deferred withdrawals (also look into Health Savings Accounts if available to you). If you are inclined to give, Qualified Charitable Distributions (QDCs) can satisfy some of your required minimum distributions in a tax efficient manner. There may also be conversion strategies (like the Roth conversion ladder previously mentioned) or moments in time (like lay-off, stay-at-home decisions, illness, year-off for a...
by JonnyBeRetired
Sun Jan 05, 2020 4:43 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Efficient Withdrawal Strategies - Call for Papers
Replies: 2
Views: 713

Tax Efficient Withdrawal Strategies - Call for Papers

DW and I are 56/57 and 2019 was my first year of retirement. We have a pension and our portfolio is roughly 60% deferred, 20% Roth and 20% taxable. Deferred balances reside in DW’s rollover IRA and my 401k (which can be accessed penalty free due to an after 55 separation). We learned a lot about Roth conversions in 2019 and started those, but we ended up not making any other deferred withdrawals. This year we’ll continue Roth conversions and likely begin deferred withdrawals for consumption, so we need to get deeper into the question of tax efficient withdrawal strategies, especially in combination with Roth conversions. Any good reference materials or guidance on tax efficient withdrawal strategies, especially ones that include discussions...
by JonnyBeRetired
Thu Dec 12, 2019 9:23 pm
Forum: Personal Consumer Issues
Topic: Day Trip to Downtown Chicago
Replies: 62
Views: 6825

Re: Day Trip to Downtown Chicago

+1 to the architectural boat tour. And +1 to the suggestions to take a train into downtown. It’s convenient, it’s fun for the kids and you don’t have limit your time downtown avoiding rush hour. Don’t buy your tickets on the train though, there can be a hefty surcharge. Look into whether Metra’s Ventra app would be useful for you. https://metrarail.com/tickets/ventra-app Also, the Federal Reserve Bank located at 230 S. LaSalle has a nice Money Museum that is open M-F from 8:30am to 5pm which takes 30-60 minutes to visit. The kids will love guessing which bills are counterfeit and picking up packs a shredded money. It’s also simply a convenient stop in the middle of the loop to get out of the heat (or cold) and has clean washrooms too. https...
by JonnyBeRetired
Sat Nov 02, 2019 5:52 pm
Forum: Investing - Theory, News & General
Topic: Will wife’s social security affect my Roth conversions.
Replies: 38
Views: 5110

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

FiveK wrote: Sat Nov 02, 2019 5:03 pm
JonnyBeRetired wrote: Fri Nov 01, 2019 10:49 pm Celia,
Thank you for this and your other posts concerning Roth conversions. I came back to re-read this one and to start work on a spreadsheet as you describe, but the images of the spreadsheets are no longer here. The TinyPic Wikipedia says “The service shut down on September 9, 2019 due to declining site income.” Is there anyway your images can be reposted?
Regards
Jon
I think celia's spreadsheet did multiple years, as does the Retiree Portfolio Model.

Another spreadsheet that will show a marginal rate chart for trad->Roth conversions for one year, given all other income, is the personal finance toolbox spreadsheet.
Thank you FiveK. I’ll take a look.
Jon
by JonnyBeRetired
Fri Nov 01, 2019 10:49 pm
Forum: Investing - Theory, News & General
Topic: Will wife’s social security affect my Roth conversions.
Replies: 38
Views: 5110

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? Column C is the IRS-defined estimated remaining time over which you need to take RMDs. It is defined in IRS Publication 590-B . See Table III at the end right before the Table of Contents. This table applies to Single individuals and those Married who are within 10 years of age of their spouse. Note that the estimated remaining time does not decrease by 1.0 each year. I converted it to per cent in Column D just because most people can comprehend percentages easier, but the per cents are not as accurate as Column C and are not used in any calculations. To calculate each years' RMD, you divide...
by JonnyBeRetired
Fri Oct 04, 2019 8:32 pm
Forum: Personal Finance (Not Investing)
Topic: Re: Career Change from Commercial Banking
Replies: 14
Views: 2776

Re: Career Change from Commercial Banking

Do you have an interest in Banking Supervision? Both the Federal Reserve Bank of Kansas City and the Office of the Comptroller of the Currency have Banking Supervision offices located in Denver.
by JonnyBeRetired
Mon Jan 21, 2019 3:10 pm
Forum: US Chapters
Topic: Roll Call for the Retirement Class of 2019!
Replies: 433
Views: 94313

Re: Roll Call for the Retirement Class of 2019!

[quote=Miriam2 post_id=4332711 time=1548016711 user_id=57949
...so far, at age 56, you're our youngest retiree 8-) What are your plans?
[/quote]

Looks like Vagabondette has me beat on both age and adventure. My plans are to spend more time with my parents (who are in their eighties), take road trips to visit national parks and relatives, weed through the dozens of volunteer opportunities in my area and find a couple that fit, and I’ve signed up for a course at a local college that starts tomorrow. All that plus a list as long as my arm for things that need to get done around the house. Oh - and we rented a plot at the community garden for the first time.
Jon
by JonnyBeRetired
Sun Jan 20, 2019 11:48 am
Forum: US Chapters
Topic: Roll Call for the Retirement Class of 2019!
Replies: 433
Views: 94313

Re: Roll Call for the Retirement Class of 2019!

Hi all! My DW introduced me to this wonderful site nearly three years ago with a simple ‘Here, you might like this’. Ever since I’ve been immersed in reading (and re-reading) posts and wikis on allocation, simplification, tax efficient placement, conversion strategies, withdrawal strategies, and more - simply an amazing wealth of information and all generously shared. I’ve found it to be enormously helpful and reassuring as I moved toward my retirement date. Thank you all!

My last day was January 9th after 34 years with the same firm. Age 56.
Jon
by JonnyBeRetired
Wed Jan 16, 2019 11:40 pm
Forum: Investing - Theory, News & General
Topic: John Bogle has died at age 89
Replies: 856
Views: 81258

Re: John Bogle has died at age 89

Such sad news - to lose someone who means so much to so many.
My sincere condolences.