Search found 53 matches

by 732002
Wed Sep 13, 2017 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Electric car in evacuation situation
Replies: 61
Views: 4271

Re: Electric car in evacuation situation

As far as emergency situations, flexibility wins. So if gasoline is unavailable, electric wins, and vice versa. I believe electric vehicles helped in Japan for the tsunami recovery. Hybrids such as Prius can be very handy for running an inverter to get back up power for the home. I thought you were...
by 732002
Wed Sep 13, 2017 7:50 am
Forum: Personal Finance (Not Investing)
Topic: Electric car in evacuation situation
Replies: 61
Views: 4271

Re: Electric car in evacuation situation

As far as emergency situations, flexibility wins. So if gasoline is unavailable, electric wins, and vice versa. I believe electric vehicles helped in Japan for the tsunami recovery. Hybrids such as Prius can be very handy for running an inverter to get back up power for the home. I thought you were...
by 732002
Fri Aug 11, 2017 8:11 am
Forum: Personal Finance (Not Investing)
Topic: Denver or Portland for a 2nd home
Replies: 66
Views: 5432

Re: Denver or Portland for a 2nd home

I would also look at SW Washington over Portland, housing costs are less, and if it ever became permanent residence no income tax but there is a sales tax. Go ESE from airport and you are at the mouth of the gorge with good hiking etc, downside is the ice storms in winter. North you have proximity t...
by 732002
Sat May 06, 2017 5:09 pm
Forum: Personal Finance (Not Investing)
Topic: Safe Retirement at 62?
Replies: 20
Views: 4264

Re: Safe Retirement at 62?

Artsdoctor wrote:
732002 wrote:[quote="Artsdoctor"

So first thing is first.

Will be able to even get insurance? Currently, that it one of the greatest debates going on right now, so you're right: the answer is unknowable.

Second, what will the cost be? Again, you'd be following legislation, which may not come to pass, and you'd have to answer: the answer is unknowable.

So the question "Safe Retirement at 62?" The answer would have to be "no."

One would generally not want to retire without health insurance, although a few may disagree. But currently, you cannot plan on health insurance being available to you in early retirement as a given.


Your correct I really meant high probability of success not safe.
by 732002
Sat May 06, 2017 5:04 pm
Forum: Personal Finance (Not Investing)
Topic: Safe Retirement at 62?
Replies: 20
Views: 4264

Re: Safe Retirement at 62?

JW-Retired wrote:[



Also, SS is a much more valuable income stream because it is more lightly taxed. Most folks overlook that.
see
viewtopic.php?f=2&t=177441#p2686058
and
https://www.bogleheads.org/wiki/Social_ ... calculator
JW[/quote]

Thanks! great links I will study those
by 732002
Sat May 06, 2017 5:01 pm
Forum: Personal Finance (Not Investing)
Topic: Safe Retirement at 62?
Replies: 20
Views: 4264

Re: Safe Retirement at 62?

You didn't mention health care. How are you factoring that into the equation? One question is how much are you budgeting for health care pre-Medicare, but the first is how are you going obtain it? +1. We are pre-Medicare at 59 and 63. And healthy. Medical insurance is our biggest expense at $900/mo...
by 732002
Sat May 06, 2017 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: Safe Retirement at 62?
Replies: 20
Views: 4264

Re: Safe Retirement at 62?

You didn't mention health care. How are you factoring that into the equation? One question is how much are you budgeting for health care pre-Medicare, but the first is how are you going obtain it? I kind of sort of did. Let me quote myself. "We can easily live on$6K/month, leaving $3K/month fo...
by 732002
Sat May 06, 2017 9:52 am
Forum: Personal Consumer Issues
Topic: Honda vs. Mazda vs. Ford
Replies: 40
Views: 3379

Re: Honda vs. Mazda vs. Ford

Subaru WRX?

Friend has a Mazda 3 hatch and likes..........
We ended up with a Subaru 2014 impreza for the AWD and Toyota 2013 prius for the MPG and space
(10' long board fits inside)
by 732002
Sat May 06, 2017 8:47 am
Forum: Personal Finance (Not Investing)
Topic: Safe Retirement at 62?
Replies: 20
Views: 4264

Re: Safe Retirement at 62?

I would push taking SS to your full retirement age to get a higher benefit which also has a cola. Spend down your 401k to support yourselves In order to do so. My plan is to do the same thing except I would like to wait til 70 to get the highest benefit. Thanks, yes I have considered that strategy ...
by 732002
Wed May 03, 2017 9:53 pm
Forum: Personal Finance (Not Investing)
Topic: Safe Retirement at 62?
Replies: 20
Views: 4264

Re: Safe Retirement at 62?

It is hard to understand the details of your situation with the way that you have posted it. It would be good to post your information in something like this guideline. https://www.bogleheads.org/forum/viewtopic.php?f=1&t=6212 You don't have to follow it exactly and you can omit a lot of detail...
by 732002
Tue May 02, 2017 9:46 pm
Forum: Personal Finance (Not Investing)
Topic: Safe Retirement at 62?
Replies: 20
Views: 4264

Re: Safe Retirement at 62?

Her 403A,403B and frozen cash pension 33K Him 403A, 403B and cash pension 25K Him old frozen pension 13K If these are non-COLA pensions, it seems like a very significant part of your future income stream is at risk to inflation. Only the $13K is a traditional pension. The other assets you listed wi...
by 732002
Tue May 02, 2017 7:01 pm
Forum: Personal Finance (Not Investing)
Topic: Safe Retirement at 62?
Replies: 20
Views: 4264

Safe Retirement at 62?

Currently: Him 56, Her 54 I put the numbers in a investment calculator using current balances + what we add monthly at a 4% ROI and assumed a 3% withdraw rate/year. Home is paid for and worth about $450K Her 403A,403B and frozen cash pension 33K Him 403A, 403B and cash pension 25K Him old frozen pen...
by 732002
Thu Apr 13, 2017 7:55 am
Forum: Personal Consumer Issues
Topic: Keep old yet reliable used car or buy new
Replies: 28
Views: 2040

Re: Keep old yet reliable used car or buy new

The first several years of a new car depreciation is rapid. It is a unseen expense compared
too maintenance but is usually larger.

Keep the BMW three more years and then buy a used 2017 jeep in 2020 and you will be in the same
car in 2020 as buying new today, with more $.
by 732002
Wed Mar 29, 2017 8:08 pm
Forum: Investing - Help with Personal Investments
Topic: Roth/Traditional mix
Replies: 19
Views: 1439

Re: Roth/Traditional mix

Thanks for the replies, I think going overweight on the Roth makes sense for now. He may not even be in the 25% bracket because I failed to consider that the (BAH) basic allowance for housing is tax free, also income while deployed is tax advantaged......... 732002, << I think going overweight on t...
by 732002
Wed Mar 29, 2017 7:16 pm
Forum: Investing - Help with Personal Investments
Topic: Roth/Traditional mix
Replies: 19
Views: 1439

Re: Roth/Traditional mix

Thanks for the replies, I think going overweight on the Roth makes sense for now.
He may not even be in the 25% bracket because I failed to consider that the (BAH) basic
allowance for housing is tax free, also income while deployed is tax advantaged.........
by 732002
Tue Mar 28, 2017 10:00 pm
Forum: Investing - Help with Personal Investments
Topic: Roth/Traditional mix
Replies: 19
Views: 1439

Roth/Traditional mix

Currently contributing 12% to Roth TSP, 26 years old.
$25K emergency cash savings and I don't feel this needs to be increased.
Will it make sense to add traditional as long as it is coming out of the 25% tax bracket?
Would a even 50/50 mix be reasonable?

Thanks
by 732002
Fri Mar 24, 2017 10:37 am
Forum: Personal Finance (Not Investing)
Topic: Gross Yearly Income needed in Retirement (Speculation)
Replies: 194
Views: 23074

Re: Gross Yearly Income needed in Retirement (Speculation)

Anything above $30k per year is extravagant. It doesn't feel extravagant $70K, HCOL area. but still able to max out retirement at work at $48K plus another $48K in a taxable account. For us a spending/saving ratio that we are comfortable with. In retirement likely moving to a nearby state that does...
by 732002
Fri Mar 24, 2017 7:43 am
Forum: Personal Finance (Not Investing)
Topic: Gross Yearly Income needed in Retirement (Speculation)
Replies: 194
Views: 23074

Re: Gross Yearly Income needed in Retirement (Speculation)

I'm going to estimate $120K @ 62 and 64 years , currently spend $70K on living expenses without effort economizing. $40K SS,$40K pensions,$40K savings, it looks like SS would be taxed $8.5K (25% of 85% rule) and the other income $8K, does this sound correct? Hopefully this leaves enough to buy healt...
by 732002
Wed Mar 15, 2017 10:10 pm
Forum: Investing - Help with Personal Investments
Topic: Mortgage Payoff vs Taxable
Replies: 23
Views: 1221

Re: Mortgage Payoff vs Taxable

I would pay off the mortgage, do it $50K/year over the next three years if that makes you more comfortable. Or just increase monthly payments by $4K/month. You also have considerable money in your Roths that you could use in a emergency, principle can be taken out without penalty I believe. I would ...
by 732002
Tue Mar 14, 2017 9:29 pm
Forum: Investing - Help with Personal Investments
Topic: 25 y/o Military -- advice on portfolio please
Replies: 15
Views: 1965

Re: 25 y/o Military -- advice on portfolio please

Are you sure about paying state taxes? We have a family member who is domicile in a west coast state but stationed on the east coast. The state taxes get taken out but refunded when we file. Each state likely has different laws. I think as O-1 you may barely be in the 25% tax bracket after standard ...
by 732002
Tue Mar 14, 2017 11:30 am
Forum: Investing - Help with Personal Investments
Topic: Mid 20's investing allocation
Replies: 11
Views: 2221

Re: Mid 20's investing allocation

Update: He has been putting 12% into Roth TSP and would like to increase percentage. Is now in the 25% bracket I believe but some years if deployed may only be 15%, if i'm correct money earned while deployed is not taxed? Should he go 50% Roth traditional or bias more to either one? He is also inter...
by 732002
Sat Aug 06, 2016 6:13 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement funding
Replies: 6
Views: 731

Re: Retirement funding

Thanks, those links are exactly what I was searching for.
by 732002
Sat Aug 06, 2016 10:16 am
Forum: Personal Finance (Not Investing)
Topic: Retirement funding
Replies: 6
Views: 731

Retirement funding

We are dreaming of retiring at 59, assuming a 5% ROI in November 2022 we will be 59/62. My question is how to best stage withdrawals: what money to take first, when to take SS. We are also considering moving from Oregon to Washington: no income tax and downsize. I would prefer to keep investment wit...
by 732002
Sun May 15, 2016 2:24 pm
Forum: Investing - Help with Personal Investments
Topic: 403B Roth in 28% tax bracket now.
Replies: 13
Views: 2607

Re: 403B Roth in 28% tax bracket now.

I did some rough estimations Roth vs non Roth, assuming roi 7% over 10 years
and 15% bracket increased to 30% also cap gains 30%

$24,000 Roth 403b vs $24,000 403b and $6,700 taxable investments.

Roth wins by $3K but it takes a doubling of mid tax bracket and I do not feel this is
likely.
by 732002
Fri May 13, 2016 7:46 am
Forum: Investing - Help with Personal Investments
Topic: 403B Roth in 28% tax bracket now.
Replies: 13
Views: 2607

Re: 403B Roth in 28% tax bracket now.

The way I view the lower tax brackets is that they will be filled by my fixed income, pension and Social Security. The money I have control over, (403b taxable investments), will be higher taxed. I'm sticking with traditional 403B and a small Roth IRA, whatever we are eligible for. In future hope to...
by 732002
Thu May 12, 2016 7:41 am
Forum: Investing - Help with Personal Investments
Topic: 403B Roth in 28% tax bracket now.
Replies: 13
Views: 2607

Re: 403B Roth in 28% tax bracket now.

I'd do the traditional 403(b) and make sure to save/invest the tax savings in Roth IRAs. I like that idea, AGI around $190K I originally thought we would be completely ineligible but $194K looks like the hard limit. Quick math and I come up with $2.6K/year Roth IRA We also would have an estimated 2...
by 732002
Wed May 11, 2016 9:07 pm
Forum: Investing - Help with Personal Investments
Topic: 403B Roth in 28% tax bracket now.
Replies: 13
Views: 2607

403B Roth in 28% tax bracket now.

We had a financial professional recommend that my wife switch to Roth. We both contribute $24K each to our individual 403B. This would increase our taxes $6,700 now. Combined income $250K no dependents no mortgage. Is my math correct? Retired we plan on a $80K budget that currently would be 15% brac...
by 732002
Mon May 09, 2016 3:48 pm
Forum: Investing - Help with Personal Investments
Topic: Taxable retirement investing
Replies: 19
Views: 2038

Re: Taxable retirement investing

OP, it looks like you're understanding this better now. So it's time to make things even more complicated! Keep in mind that not every dollar you withdrawal from your taxable account is a capital gain. Some (possibly most) of it is actually a return of capital, and you will owe no taxes that portio...
by 732002
Mon May 09, 2016 2:36 pm
Forum: Investing - Help with Personal Investments
Topic: Taxable retirement investing
Replies: 19
Views: 2038

Re: Taxable retirement investing

I ran some simple numbers in the tax calculator and it was helpful. Combined pensions of $40K taxes=$2K Combined pensions of $40K+LTCG $50K taxes=$2K Combined pensions of $40K+LTCG $60K taxes=$2.666K You pay 15% on a small portion of the $60K not all. 57,60 one income. 60,63 pensions+taxable savings...
by 732002
Mon May 09, 2016 10:39 am
Forum: Investing - Help with Personal Investments
Topic: Taxable retirement investing
Replies: 19
Views: 2038

Taxable retirement investing

We have $2000+ per month to invest over about 5 years. I like the simplicity of Vanguard target retirement fund 2025 VTTVX but understand it is not the most tax advantaged. We would like to retire at 60 and use pensions and taxable savings and later Social Security and tax deferred 401K savings. I'm...
by 732002
Mon Nov 23, 2015 8:47 am
Forum: Investing - Help with Personal Investments
Topic: Mid 20's investing allocation
Replies: 11
Views: 2221

Re: Mid 20's investing allocation

Last week a Roth was started in a TSP without my knowledge. I didn't think this was best at first but I have started to change my opinion. The military is already tax advantaged for several reasons. Making a Roth a better choice than a traditional 401K. Also young adults tend to earn less than they ...
by 732002
Sun Nov 15, 2015 2:58 pm
Forum: Investing - Help with Personal Investments
Topic: Mid 20's investing allocation
Replies: 11
Views: 2221

Re: Mid 20's investing allocation

Time flies, time to make some choices. We are looking at opening a account with Vangard online and would like specific fund choice advise. For the Roth I'm looking at the target retirement VTTSX 2060 and for the taxable investment, that would possibly be used for down payment in 3-5 years, a index b...
by 732002
Mon Aug 03, 2015 12:36 am
Forum: Investing - Help with Personal Investments
Topic: Mid 20's investing allocation
Replies: 11
Views: 2221

Re: Mid 20's investing allocation

No matching on the TSP 401K.

The taxable investments aren't exclusively home down payment,
Emergency etc, just nice to be able to access cash if needed.
by 732002
Sun Aug 02, 2015 8:06 pm
Forum: Investing - Help with Personal Investments
Topic: Mid 20's investing allocation
Replies: 11
Views: 2221

Re: Mid 20's investing allocation

They should definitely put $5,500 in a Roth IRA right now. Thrift Savings Plan is a superb 401k option and they should definitely contribute there. When you say $20k in a mutual fund do you mean a taxable account for retirement investing? I wouldn't advise them to put retirement money in a taxable ...
by 732002
Sun Aug 02, 2015 4:37 pm
Forum: Investing - Help with Personal Investments
Topic: Mid 20's investing allocation
Replies: 11
Views: 2221

Mid 20's investing allocation

I have a family member that is asking me about where to put savings. They have $30K in savings now and have about $15.5K per year to invest. It would be convenient to use USAA for everything. I thought with the $30K keep $10K cash and mutual fund $20K Going forward with the $15.5K yearly savings. IR...
by 732002
Fri May 29, 2015 5:37 pm
Forum: Investing - Help with Personal Investments
Topic: No debt. Maxed out retirement and Roth. Help!
Replies: 24
Views: 2964

Re: No debt. Maxed out retirement and Roth. Help!

If your income is $220K aren't you ineligible for Roth?
by 732002
Wed Dec 12, 2012 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: transmission failure: 2003 honda odysee with 172k miles
Replies: 36
Views: 3469

Re: transmission failure: 2003 honda odysee with 172k miles

You also have the option of buying a good used car as well which might be a good option. Buying new is most expensive route. As others stated, to get anything other than salvage, you will need to repair your car. On other hand, repair might cost more than you will be able to sell or trade in. If so...
by 732002
Fri Nov 30, 2012 1:05 am
Forum: Personal Finance (Not Investing)
Topic: How much do we really need?
Replies: 51
Views: 6951

Re: How much do we really need?

$300K You only get what you need not what you want.

http://www.obliviousinvestor.com/how-fa ... avings-go/
by 732002
Wed Nov 21, 2012 12:29 am
Forum: Investing - Help with Personal Investments
Topic: IRA's vs paying off mortgage early
Replies: 17
Views: 2670

Re: IRA's vs paying off mortgage early

I'm starting to believe that we could reduce our Emergency savings $20K and still have a easy 2yr reserve if I became unemployed. As we get closer to paying off the house and paying for college we should reduce E savings even more. IRA's would save us 28% in taxes and our mortgage is 4.75%. Seems th...
by 732002
Tue Nov 20, 2012 12:33 am
Forum: Investing - Help with Personal Investments
Topic: IRA's vs paying off mortgage early
Replies: 17
Views: 2670

Re: IRA's vs paying off mortgage early

Thanks for the help, The back door ROTH might be our best solution. If I understand correctly you can take money out of a ROTH for emergency without penalty but a traditional IRA has a penalty. My wife has a old $6,400 IRA, I understand this may pose a problem with taxes?
by 732002
Sat Nov 17, 2012 2:02 am
Forum: Investing - Help with Personal Investments
Topic: IRA's vs paying off mortgage early
Replies: 17
Views: 2670

Re: IRA's vs paying off mortgage early

If you've got that much of an emergency fund, I would definitely max out Roths for both you and your spouse for 2012 and 2013. How much of an emergency fund would this leave you with? I would recommend taking it down to a 1 year emergency fund, and use the cash to fund IRAs for 2012 and 2013 and wh...
by 732002
Thu Nov 15, 2012 10:59 pm
Forum: Investing - Help with Personal Investments
Topic: IRA's vs paying off mortgage early
Replies: 17
Views: 2670

IRA's vs paying off mortgage early

We are 49/51 and have been maxing out out 401K's at work, now around $500K combined. We have not been doing additional IRA's but have been paying an extra $700 on the mortgage and increasing our emergency savings. We have $40K left on the house and our emergency fund would cover 2yrs if one of us wa...
by 732002
Mon Nov 28, 2011 8:48 am
Forum: Investing - Help with Personal Investments
Topic: 457 advantages?
Replies: 21
Views: 1501

Re: 457 advantages?

Thanks the link was helpful.

Basic question: I can max out my 403B at $22K and also do a $6K backdoor Roth for a total $28K?
by 732002
Sun Nov 27, 2011 7:18 pm
Forum: Investing - Help with Personal Investments
Topic: 457 advantages?
Replies: 21
Views: 1501

Re: 457 advantages?

I will study the Roth conversion, I did not realize there was a backdoor. For 2011 we are near the max in our 403s so I don't think we can do a roth conversion? Money can't be moved from a 403 to a roth correct? One concern I have with the Roth is that we will likely be in a lower income bracket dur...
by 732002
Sat Nov 26, 2011 7:06 pm
Forum: Investing - Help with Personal Investments
Topic: 457 advantages?
Replies: 21
Views: 1501

Re: 457 advantages?

33% of income, I'm hoping that our retirement income is greater than expenses in our early 60's.
If not we keep working.
I expect income to stay about the same.

Still not sure how to estimate the risk of the 457 vs the reward of deferring income taxes with the 457.
by 732002
Sat Nov 26, 2011 5:35 pm
Forum: Investing - Help with Personal Investments
Topic: 457 advantages?
Replies: 21
Views: 1501

Re: 457 advantages?

retiredjg wrote:
732002 wrote:We both have pensions.

Little bitty pensions or a chunk of your salary?

What marginal tax bracket are you in now?


Pension roughly 33% of our retirement. There are many factors that change the dollar amount, the age you start taking a pension, survivor benefits...

28%
by 732002
Sat Nov 26, 2011 3:09 pm
Forum: Investing - Help with Personal Investments
Topic: 457 advantages?
Replies: 21
Views: 1501

Re: 457 advantages?

Employer is a hospital: I did not realize that a 457 is not be as secure as a 403. It would hurt to lose the 457 and possibly a pension if the hospital has financial troubles. Might reconsider and invest post tax money in a index fund with low fees and taxes instead or do 50% 457 and 50% index fund....
by 732002
Fri Nov 25, 2011 11:30 am
Forum: Investing - Help with Personal Investments
Topic: 457 advantages?
Replies: 21
Views: 1501

457 advantages?

My wife's employer offers a 457. We have been maxing out our 403's and are considering adding her 457 in 2012. If I understand correctly she can put $33K combined in her 403/457 and I $22k in my 403B, (I'm over 50) Is there any downside to using the 457? We have a son in college junior year and 3 ye...
by 732002
Wed Jul 13, 2011 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement planing.
Replies: 4
Views: 1021

I did some quick and dirty calculations here, but lets assume you invest in a 50/50 stocks bonds portfolio and manage to get 10% for the next 10 years, and let's also assume you put in $43,000 per year (~22+~16+~12 after 2 years +~15 after 5 years so crude averaging) combined to your 401k and savin...
by 732002
Tue Jul 12, 2011 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement planing.
Replies: 4
Views: 1021

Retirement planing.

Was looking at retirement calculators to see if we are on track saving for retirement but they did not have an adjustment for when or if your mortgage is paid off. We would like to retire early 60's if possible. Current age 50 and 47. Combined 401Ks $450K we are maxing contributions $22K and $16.5K/...