Search found 12437 matches

by The Wizard
Tue Jan 22, 2019 3:13 am
Forum: Investing - Help with Personal Investments
Topic: Saving for 1-2 years rather than for a lifetime
Replies: 47
Views: 3805

Re: Saving for 1-2 years rather than for a lifetime

wiserabbit wrote:
Tue Jan 22, 2019 1:52 am

Right. My original post is inspired by topics like “I’m 58 yo; 3M in savings; hate my job; plan to work 2-3 more years and then retire”. That is safe. That is sad...
Financial Independence is sad?
Really?
You sound like an outsider looking in...
by The Wizard
Mon Jan 21, 2019 1:45 pm
Forum: Personal Consumer Issues
Topic: Is it ever worth purchasing an extended warranty for a vehicle?
Replies: 61
Views: 2613

Re: Is it ever worth purchasing an extended warranty for a vehicle?

I bought my first new car in 1975.
I've bought a number of new cars since.
I've never bought an extended warranty.
And at age 69, I'm not starting now...
by The Wizard
Mon Jan 21, 2019 12:32 pm
Forum: Personal Consumer Issues
Topic: Paying thousands per ticket to attend the NFL Super Bowl?
Replies: 122
Views: 5322

Re: Paying thousands per ticket to attend the NFL Super Bowl?

Between those who would pay thousands to attend a super bowl and those who couldn't be paid thousands to attend a super bowl is a cultural gulf a million miles wide. This might be similar the gulf between those who would pay hundreds to attend a live rock concert and those who couldn't be paid hund...
by The Wizard
Mon Jan 21, 2019 12:06 pm
Forum: Personal Consumer Issues
Topic: Men's No-Cotton Travel Pants Suggestions? Other Tips from experienced world travellers?
Replies: 70
Views: 3832

Re: Men's No-Cotton Travel Pants Suggestions? Other Tips from experienced world travellers?

I have always tried to wear cotton clothes when flying. I have heard that polyester will melt in high heat and stick to your skin. Think of burning jet fuel. Just trying to give myself a chance as slim as it may be. :shock: You should be wearing WOOL then. Or asbestos, but it's hard to find asbesto...
by The Wizard
Mon Jan 21, 2019 11:31 am
Forum: Personal Consumer Issues
Topic: Paying thousands per ticket to attend the NFL Super Bowl?
Replies: 122
Views: 5322

Re: Paying thousands per ticket to attend the NFL Super Bowl?

Would have been useful to find out how many Regular Season NFL games people go to before getting their Super Bowl answer. In my case, the one and only NFL game I attended was back in 1970 so I'm not a huge in-person football fan. But I do have Red Sox weekend season tickets since 1986 and attend abo...
by The Wizard
Mon Jan 21, 2019 6:50 am
Forum: Investing - Theory, News & General
Topic: Retirement savings new research
Replies: 29
Views: 5934

Re: Retirement savings new research

To make this work the person must ensure they don't get laid off and must also maintain the physical and mental skills needed to do their job. This can be harder to do then the retirement theorists think. Best point I've seen in a while here. My GF and I have good jobs that pay well. We are respons...
by The Wizard
Mon Jan 21, 2019 6:16 am
Forum: Investing - Help with Personal Investments
Topic: Help with Calculation
Replies: 11
Views: 746

Re: Help with Calculation

Answer uses the same formula as computing monthly payment for a 25 year loan of $160k at 6% constant interest.

The, of course, is an academic exercise since there are no longterm 6% bonds to buy nowadays.

Note: the $160k will grow somewhat between now and June, 2020...
by The Wizard
Sun Jan 20, 2019 10:54 pm
Forum: Investing - Help with Personal Investments
Topic: Highest Guaranteed Return Investment for My 75 Year-Old Dad?
Replies: 27
Views: 2260

Re: Highest Guaranteed Return Investment for My 75 Year-Old Dad?

Guaranteed? I haven't had overall guaranteed returns in anything since I started working full-time in 1973. A nice day S&P 500 index fund beats "guaranteed" 90% of the time and certainly in the long run. That being said, I wouldn't be 100% in stock funds in retirement, but I haven't been for the las...
by The Wizard
Sun Jan 20, 2019 7:13 pm
Forum: Personal Consumer Issues
Topic: Men's No-Cotton Travel Pants Suggestions? Other Tips from experienced world travellers?
Replies: 70
Views: 3832

Re: Men's No-Cotton Travel Pants Suggestions? Other Tips from experienced world travellers?

Sandtrap wrote:
Sun Jan 20, 2019 6:58 pm
...Immunizations?? :confused
Entirely dependent on where you are going.
I was looking at a trip to Mongolia which had recommended immunizations...
by The Wizard
Sun Jan 20, 2019 6:28 pm
Forum: Personal Consumer Issues
Topic: How do you keep a calendar?
Replies: 63
Views: 2973

Re: How do you keep a calendar?

Working on this now. Does anyone print out a week at a time?trying to see which app would let me maintain electronically (so I can schedule out,do repeating events, home maintenance tasks, etc) but print a week at a time, I’d do it each Sunday night just for “chore” type things during the week. "Pr...
by The Wizard
Sun Jan 20, 2019 5:40 pm
Forum: Personal Consumer Issues
Topic: Men's No-Cotton Travel Pants Suggestions? Other Tips from experienced world travellers?
Replies: 70
Views: 3832

Re: Men's No-Cotton Travel Pants Suggestions? Other Tips from experienced world travellers?

For pants, I like Prana cargo pants that unzip into shorts. Agreed on Prana, but also agree with @Stan1 that convertibles are bestial. These are my choice, wear them every day whiile traveling overseas, and they dry while you wear them if you get in a pickle, the Stretch Zion with zippered pockets:...
by The Wizard
Sun Jan 20, 2019 4:21 pm
Forum: Investing - Help with Personal Investments
Topic: Stay the course is hard
Replies: 71
Views: 6561

Re: Stay the course is hard

Staying the course isn't hard, but now that I'm starting to get a decent taxable account for the first time, it involves looking for TLH opportunities as well as monitoring overall AA for rebalancing bands. I should put together a spreadsheet to keep track of my composite actual allocation better: t...
by The Wizard
Sun Jan 20, 2019 1:29 pm
Forum: Personal Consumer Issues
Topic: Men's No-Cotton Travel Pants Suggestions? Other Tips from experienced world travellers?
Replies: 70
Views: 3832

Re: Men's No-Cotton Travel Pants Suggestions? Other Tips from experienced world travellers?

I always get mine though companies that sell outdoor hiking gear like REI. They always have a large selection of non-cotton clothing in various styles. Right. I use convertible cargo pants from Columbia and other companies. They are lightweight, no cotton at all, polyester mostly. Extra pockets all...
by The Wizard
Sun Jan 20, 2019 1:00 pm
Forum: Investing - Help with Personal Investments
Topic: TIAA Traditional, what is it, and death of spouse
Replies: 22
Views: 3052

Re: TIAA Traditional, what is it, and death of spouse

Capricorn51 wrote:
Sun Jan 20, 2019 10:46 am
...You cannot withdraw the principal per se, AFAIK. So you need to ferret out what the distribution option was.
Certainly if you are subject to RMDs, TIAA is required to withdraw the proper amount for you each year, from your "principal" and otherwise...
by The Wizard
Sun Jan 20, 2019 10:27 am
Forum: Personal Consumer Issues
Topic: Ford F-series pickup with 4x4 and 4 doors?
Replies: 31
Views: 2067

Re: Ford F-series pickup with 4x4 and 4 doors?

The rated capacity includes EVERYTHING in the truck, so if the capacity is 2,000lbs, you have to back out your weight and the weight of any passengers and tools and other heavy things that tend to accumulate in a pickup. I won't deny I'm overloading my truck by 600 lbs at times for a one hour trip....
by The Wizard
Sun Jan 20, 2019 9:19 am
Forum: Personal Consumer Issues
Topic: Zero Gravity Chairs
Replies: 7
Views: 808

Re: Zero Gravity Chairs

whodidntante wrote:
Sun Jan 20, 2019 9:13 am
Make sure you get one with a harness so you don't float away.
Indeed!
:P
by The Wizard
Sat Jan 19, 2019 11:39 pm
Forum: Personal Consumer Issues
Topic: Zero Gravity Chairs
Replies: 7
Views: 808

Re: Zero Gravity Chairs

Zero gravity chairs are mandatory on the International Space Station...
by The Wizard
Sat Jan 19, 2019 10:29 pm
Forum: Personal Consumer Issues
Topic: Ford F-series pickup with 4x4 and 4 doors?
Replies: 31
Views: 2067

Re: Ford F-series pickup with 4x4 and 4 doors?

I have a 2015 F-150 SuperCrew 4x4 with the full bed (6’) and 36 gallon gas tank. I had to special order it from Ford, but I love the vehicle. Engine is the 3.5 EcoBoost with 3.55 gears. There is nothing wrong with a turbo engine as long as you are religious about using good gas and changing the oil...
by The Wizard
Sat Jan 19, 2019 2:32 pm
Forum: Investing - Help with Personal Investments
Topic: 2018 Vanguard Roth IRA is $0.08 short
Replies: 11
Views: 1038

Re: 2018 Vanguard Roth IRA is $0.08 short

Next time, setup contributions in round numbers, like $500 every two weeks.
Once you hit the limit, it will stop automatically...
by The Wizard
Sat Jan 19, 2019 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: SS: How do Delayed Retirement Credits work?
Replies: 11
Views: 973

Re: SS: How do Delayed Retirement Credits work?

... But another hint: the "missing" credits are not missing. They simply are not applied immediately. Your initial benefit will show the result of some, or all, of your delayed credits. But then "shortly" any credits not previously applied will indeed show up in your benefit. :D Yes, but the small ...
by The Wizard
Sat Jan 19, 2019 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: SS: How do Delayed Retirement Credits work?
Replies: 11
Views: 973

Re: SS: How do Delayed Retirement Credits work?

Perhaps Mike Piper will chime in but I think what you found is exactly right. You earn DRCs month by month but unless you go all the way to age 70, you don't get the full correct amount until the January following your claim. So if you claim in February, you lose 10 or 11 months of a small DRC incre...
by The Wizard
Sat Jan 19, 2019 10:33 am
Forum: Personal Consumer Issues
Topic: How do you keep a calendar?
Replies: 63
Views: 2973

Re: How do you keep a calendar?

Google Calendar. I have no syncing issues. It's always available - - on the phone, desktop, laptop. I see no need to print it on paper... I use Google calendar also, but its major syncing issue is its inability to show events outside a +/- one year interval on my smartphone app. I have several trav...
by The Wizard
Sat Jan 19, 2019 10:30 am
Forum: Personal Consumer Issues
Topic: How do you keep a calendar?
Replies: 63
Views: 2973

Re: How do you keep a calendar?

Google Calendar. I have no syncing issues. It's always available - - on the phone, desktop, laptop. I see no need to print it on paper... I use Google calendar also, but its major syncing issue is its inability to show events outside a +/- one year interval on my smartphone app. I have several trav...
by The Wizard
Sat Jan 19, 2019 9:53 am
Forum: Personal Consumer Issues
Topic: Ford F-series pickup with 4x4 and 4 doors?
Replies: 31
Views: 2067

Re: Ford F-series pickup with 4x4 and 4 doors?

For Max pulling traction, 2000 lbs of crushed stone in the bed with the elocked differential helps. Just to note, 2,000 pounds of crushed stone in the bed on most F-150s is beyond payload capacities. If you're going to tow, or haul heavy loads, make sure you read up on the payload information in th...
by The Wizard
Sat Jan 19, 2019 9:22 am
Forum: Personal Consumer Issues
Topic: Ford F-series pickup with 4x4 and 4 doors?
Replies: 31
Views: 2067

Re: Ford F-series pickup with 4x4 and 4 doors?

I'm looking for input on getting a Ford 4WD pickup, crew cab, short bed, probably 2014 or 2015. Any comments that push to other years? BTW, this is second vehicle, the primary is a Jeep Grand Cherokee Summit edition, so I'm looking for something to keep up with that in off road performance. I have ...
by The Wizard
Fri Jan 18, 2019 9:39 pm
Forum: Personal Finance (Not Investing)
Topic: TIRA Roth Conversion and Backdoor Roth IRA in the same year possible?
Replies: 32
Views: 1282

Re: TIRA Roth Conversion and Backdoor Roth IRA in the same year possible?

Does anyone know if I would need to withhold taxes for this? Like if I opt not to withhold taxes on the Roth conversion of my pre-tax rollover TIRA, would I need to pay estimated taxes to the government or since this is not a wage / salary / work income I can just pay my total tax at the end of the...
by The Wizard
Fri Jan 18, 2019 1:50 pm
Forum: Personal Consumer Issues
Topic: How do you keep a calendar?
Replies: 63
Views: 2973

Re: How do you keep a calendar?

Google Calendar. I have no syncing issues. It's always available - - on the phone, desktop, laptop. I see no need to print it on paper... I use Google calendar also, but its major syncing issue is its inability to show events outside a +/- one year interval on my smartphone app. I have several trav...
by The Wizard
Thu Jan 17, 2019 10:24 pm
Forum: Personal Finance (Not Investing)
Topic: IRS and fed shutdown and balance due
Replies: 8
Views: 1349

Re: IRS and fed shutdown and balance due

She was negligent.
Just have her pay the $800.
Perhaps she'll pay attention better in years to come...
by The Wizard
Thu Jan 17, 2019 9:45 pm
Forum: Investing - Help with Personal Investments
Topic: would appreciate your thoughts
Replies: 22
Views: 1745

Re: would appreciate your thoughts

$50k seems a lot for a wedding, especially if it stresses your finances.
I would probably rethink that...
by The Wizard
Thu Jan 17, 2019 4:36 pm
Forum: Investing - Help with Personal Investments
Topic: Clearing the decks at age 60 and starting over
Replies: 20
Views: 4057

Re: Clearing the decks at age 60 and starting over

Alkali Ike wrote:
Thu Jan 17, 2019 12:14 pm
Thanks for responding. My annual living expenses will be approximately 20k, with no other sources of income.
$20k seems low.
Does that include things like recreational travel and a new car every so often?
by The Wizard
Thu Jan 17, 2019 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: TIRA Roth Conversion and Backdoor Roth IRA in the same year possible?
Replies: 32
Views: 1282

Re: TIRA Roth Conversion and Backdoor Roth IRA in the same year possible?

As noted "Mega" Roth conversion is incorrect terminology.
It's simply a Roth conversion, whether $1000 or $100,000...
by The Wizard
Thu Jan 17, 2019 10:24 am
Forum: Personal Consumer Issues
Topic: What to do this weekend in Tokyo?
Replies: 19
Views: 1405

Re: What to do this weekend in Tokyo?

I don't yet know much about Japan tourist sites, but I would certainly go out for sushi...
by The Wizard
Wed Jan 16, 2019 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: Have I Now Become Out of Touch Financially? Aging question...
Replies: 90
Views: 11115

Re: Have I Now Become Out of Touch Financially? Aging question...

Yes. You are out of touch. The entirety of SoCal is out of touch. Come visit the midwest or south and see how many people drive 100k-200k cars or live in million dollar houses. Heck, if I see a CPO Mercedes driving around it requires a double take. You would instantly become one of the flashiest pe...
by The Wizard
Wed Jan 16, 2019 9:03 am
Forum: Personal Finance (Not Investing)
Topic: Which Type of Annuities Did You Choose and Why
Replies: 18
Views: 1064

Re: Which Type of Annuities Did You Choose and Why

I'm meeting with an annuity advisor tomorrow to discuss getting an annuity. I'm 66, my wife is 62, and I'm thinking about paying an upfront premium of $500,000 in exchange for a flow of monthly payments beginning at my age 70.... I would only look at IMMEDIATE annuities, not one with X years until ...
by The Wizard
Wed Jan 16, 2019 8:58 am
Forum: Investing - Help with Personal Investments
Topic: Variable annuity, a success story?
Replies: 42
Views: 2030

Re: Variable annuity, a success story?

I like IMMEDIATE Variable Annuities with TIAA.
You annuitize now and lifetime monthly income starts a month from now.

The ones you buy into years before payout begins are harder to analyze...
by The Wizard
Mon Jan 14, 2019 3:29 pm
Forum: Investing - Help with Personal Investments
Topic: TLH is called "Murky"
Replies: 17
Views: 2088

Re: TLH is called "Murky"

When attempting to identify a similar replacement holding, many people overlook the fact that the holding being sold is not the perfect holding for them going forward, and probably was not the perfect holding for them when they bought it. Therefore, they may well be better off with something that h...
by The Wizard
Mon Jan 14, 2019 1:08 pm
Forum: Investing - Help with Personal Investments
Topic: After tax contribution OR roth conversion?
Replies: 31
Views: 823

Re: After tax contribution OR roth conversion?

Depends on your marginal tax rate now vs later.
Most of the time its not a good idea to do Roth cnversions while still working full-time...
by The Wizard
Mon Jan 14, 2019 12:41 pm
Forum: Investing - Help with Personal Investments
Topic: TLH is called "Murky"
Replies: 17
Views: 2088

Re: TLH is called "Merky"

Most of us here who TLH are well aware of this situation and deal with it properly...
by The Wizard
Sun Jan 13, 2019 6:35 pm
Forum: Personal Consumer Issues
Topic: How do I stop jeans from ripping in the thighs?
Replies: 70
Views: 4325

Re: How do I stop jeans from ripping in the thighs?

samsdad wrote:
Sun Jan 13, 2019 5:50 pm

...Yeah, I buy $10 Wranglers at Walmart and don’t care about their longevity.
$13, not $10...
by The Wizard
Sun Jan 13, 2019 9:34 am
Forum: Personal Consumer Issues
Topic: Brake fluid replacement?
Replies: 69
Views: 3975

Re: Brake fluid replacement?

...I'm 68 and I can't remember the last time I heard about brake fluid going bad in a street vehicle that wasn't used to tow something big and heavy up hills. And down hills of course. Maybe back in the '60s. Same with me on all counts. And I DOWNSHIFT on my F-150 when needed to maintain or reduce ...
by The Wizard
Sat Jan 12, 2019 10:02 am
Forum: Personal Finance (Not Investing)
Topic: 2017 State Tax Refunds Federally Taxable in 2018!!!
Replies: 16
Views: 2137

Re: 2017 State Tax Refunds Federally Taxable in 2018!!!

$8700 seems like quite a large state income tax overpayment and refund...
by The Wizard
Sat Jan 12, 2019 7:51 am
Forum: Personal Finance (Not Investing)
Topic: Roth conversion
Replies: 36
Views: 2938

Re: Roth conversion

For those who are in early retirement and with significant tax deferred savings, are you doing "mega" Roth conversions... is50xenough, if you are confused about some of the answers you are seeing, that is because the term "mega....Roth" is used to describe something else. :happy I agree. Would have...
by The Wizard
Sat Jan 12, 2019 5:56 am
Forum: Personal Finance (Not Investing)
Topic: Roth conversion
Replies: 36
Views: 2938

Re: Roth conversion

Well, if one is doing "mega" Roth conversions (whatever that means), then I would expect one's AGI to be well over $85,000 per person and well into higher Medicare IRMAA tiers at age 65 and above.
Am I correct?
by The Wizard
Fri Jan 11, 2019 10:41 pm
Forum: Investing - Theory, News & General
Topic: Kitces - Retirement Tax Rate Equilibrium
Replies: 23
Views: 3438

Re: Kitces - Retirement Tax Rate Equilibrium

Thanks for posting the link. I read that single pays a tax rate of 32% at just $157k. I wouldn't use "just" in association with that figure, but adding the $12K std deduction, puts at $169K. And the 32% rate is for income (AGI) over that $169K. Can't tell if that poster is aware of how tax brackets...
by The Wizard
Fri Jan 11, 2019 10:07 pm
Forum: Investing - Theory, News & General
Topic: Kitces - Retirement Tax Rate Equilibrium
Replies: 23
Views: 3438

Re: Kitces - Retirement Tax Rate Equilibrium

WoodSpinner wrote:
Fri Jan 11, 2019 10:01 pm
...Does anyone have a better way of projecting future tax brackets?
No.
Just assume current tax law will remain roughly the same, until further notice...
by The Wizard
Fri Jan 11, 2019 10:01 pm
Forum: Investing - Theory, News & General
Topic: Around 43K in dividends last year - feel good about it ?
Replies: 160
Views: 13532

Re: Around 43K in dividends last year - feel good about it ?

I'm thinking the thread is getting away from the OP's question on dividends being a good thing or not...
by The Wizard
Fri Jan 11, 2019 9:26 pm
Forum: Personal Finance (Not Investing)
Topic: Roth conversion
Replies: 36
Views: 2938

Re: Roth conversion

At age 68, basically six years into retirement and filing Single, I've been doing moderate Roth conversions of $30k to $35k the past few years, not "mega". I'm in the 24% marginal bracket this year, formerly the 28% bracket, so this level of Roth conversion simply brings my AGI up to about where it ...
by The Wizard
Fri Jan 11, 2019 5:58 pm
Forum: Investing - Theory, News & General
Topic: Around 43K in dividends last year - feel good about it ?
Replies: 160
Views: 13532

Re: Around 43K in dividends last year - feel good about it ?

Sometimes people miss the point on income and taxes.
Let's try a fill in the blank quiz:

"As a retiree filing single, I would LOVE to be paying $100,000+ in required Federal income taxes each year in retirement because this would mean that __________________________."
by The Wizard
Fri Jan 11, 2019 11:34 am
Forum: Investing - Help with Personal Investments
Topic: Dividend Investing to Total Return Investing
Replies: 19
Views: 1510

Re: Dividend Investing to Total Return Investing

I'd probably hold on to what you've got. One thing is 100% certain. Markets recover. Markets recover, but there is no way to determine if a particular stock ever will. With the OP’s level of capital gains (assuming they are long term), the federal tax bill would be around $2300. Any state/local tax...
by The Wizard
Fri Jan 11, 2019 10:42 am
Forum: Investing - Theory, News & General
Topic: Around 43K in dividends last year - feel good about it ?
Replies: 160
Views: 13532

Re: Around 43K in dividends last year - feel good about it ?

One way to lower dividends is to tilt to growth rather than value or blend. Large growth index VIGAX had dividends of 1.4% for the four quarters of 2018, based on fourth quarter reinvest price. Large value index VVIAX had dividends of 2.8%. And total market index VTSAX had dividends of 2.1%. And VIG...