Search found 12425 matches

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: 18
Views: 695

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: 2962

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: 30
Views: 1709

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: 700

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: 700

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: 30
Views: 1709

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: 10
Views: 805

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: 942

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: 942

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: 58
Views: 2571

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: 58
Views: 2571

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: 30
Views: 1709

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: 30
Views: 1709

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: 28
Views: 1028

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: 58
Views: 2571

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: 1327

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: 20
Views: 1513

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: 4024

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: 28
Views: 1028

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: 13
Views: 918

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: 11038

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: 1054

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: 2027

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: 2084

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: 822

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: 2084

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: 4296

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: 3959

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: 2133

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: 2926

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: 2926

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: 3404

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: 3404

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: 13412

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: 2926

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: 13412

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: 1506

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: 13412

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...
by The Wizard
Fri Jan 11, 2019 9:57 am
Forum: Investing - Theory, News & General
Topic: Around 43K in dividends last year - feel good about it ?
Replies: 160
Views: 13412

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

Seriously, you should make your taxable account more tax efficient. It is possible that the OP's taxable account is tax efficient. There is no way getting around dividends. For instance, Vanguard Total Stock Market Index fund pays dividends and it is considered tax-efficient for a taxable account. ...
by The Wizard
Fri Jan 11, 2019 4:49 am
Forum: Investing - Theory, News & General
Topic: Around 43K in dividends last year - feel good about it ?
Replies: 160
Views: 13412

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

Vanguard total stock index fund (VTSAX), a bogleheads favorite, has a yield of 2.03% now. If your portfolio is about $2MM, then there is no way to avoid such dividends. That is a fact of investment life. Right. OP should "feel good" that he has around $2M in his taxable investment account. Many fol...
by The Wizard
Thu Jan 10, 2019 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: How do you manage credit card use with monthly budget
Replies: 37
Views: 2318

Re: How do you manage credit card use with monthly budget

I don't use budgeting or tracking software, but I try to keep UP TO $10,000 in my checking account. I'm well under that presently due to having just made a $3500 estimated tax payment to cover an end of year Roth conversion. But that's the sort of lumpy expense that makes me target a decent checking...
by The Wizard
Thu Jan 10, 2019 2:32 pm
Forum: Investing - Theory, News & General
Topic: BHers, what is your Roth IRA %?
Replies: 113
Views: 5257

Re: BHers, what is your Roth IRA %?

...The old rule about not paying taxes before one has to hasn't been a bad one to follow either. I agree, but it has to be tempered with reality and reasonableness. If your AGI increases by 5% the year you turn 70.5, that's no biggie. But if it increases by 50%, then you'll be paying a lot more inc...
by The Wizard
Thu Jan 10, 2019 11:09 am
Forum: Personal Consumer Issues
Topic: Travel Companies Similar to "Road Scholar"?
Replies: 21
Views: 1510

Re: Travel Companies Similar to "Road Scholar"?

I've taken four trips so far with a particular volunteer organization and have several more booked though 2020. The trips I choose are generally international day hiking trips though one is bicycling along the Danube. Each trip is run with two experienced volunteer leaders and often involves an outf...
by The Wizard
Thu Jan 10, 2019 10:30 am
Forum: Investing - Theory, News & General
Topic: BHers, what is your Roth IRA %?
Replies: 113
Views: 5257

Re: BHers, what is your Roth IRA %?

15% of my financial assets are in my Roth IRAs presently. At start of retirement in 2013, my Roth percentage was 1-2% due to large 403(b) contributions for decades. So the change is due to a combination of Roth conversions and spend-down from my tax-deferred account. As far as optimal strategy, it m...
by The Wizard
Tue Jan 08, 2019 6:37 pm
Forum: Personal Consumer Issues
Topic: Retirees: any major goals for 2019?
Replies: 72
Views: 4447

Re: Retirees: any major goals for 2019?

Is there a specific itinerary for this trip? Which operator are you using? An inn to inn group hiking trip to West England in late July. This is through the Appalachian Mountain Club: https://activities.outdoors.org/search/index.cfm/action/details/id/101345 These AMC trips sell out quickly. And I'm...
by The Wizard
Mon Jan 07, 2019 5:48 pm
Forum: Personal Finance (Not Investing)
Topic: $40,000 in debt, bankruptcy seems to be the best option right now
Replies: 258
Views: 20263

Re: $40,000 in debt, bankruptcy seems to be the best option right now

WhiteMaxima wrote:
Mon Jan 07, 2019 1:01 pm
OP has debt problem. Bankrupt won't solve this problem.
Wrong.
OP appears to have had a SPENDING problem in the past.
Bankruptcy may indeed solve the debt problem but if the spending problem isn't solved separately, things could recur in five years...
by The Wizard
Mon Jan 07, 2019 5:24 am
Forum: Investing - Theory, News & General
Topic: Embarrassed to ask... dividends and Total Return
Replies: 39
Views: 4729

Re: Embarrassed to ask... dividends and Total Return

sambb wrote:
Mon Jan 07, 2019 4:46 am
dividends just increase your taxes
That's certainly true and one reason that we recommend a TSM fund with modest dividends instead of a Dividend Aristocrat fund with much higher dividends...
by The Wizard
Mon Jan 07, 2019 4:18 am
Forum: Investing - Theory, News & General
Topic: Embarrassed to ask... dividends and Total Return
Replies: 39
Views: 4729

Re: Embarrassed to ask... dividends and Total Return

And when we say "NAV is reduced" when dividends are paid, that doesn't necessarily mean the NAV declines that day compared to the previous day. On Friday, the S&P 500 had a large 3.4% increase in value, so an index fund such as VFIAX had the same increase in NAV. But if VFIAX had issued a quarterly ...
by The Wizard
Mon Jan 07, 2019 4:04 am
Forum: Investing - Theory, News & General
Topic: Embarrassed to ask... dividends and Total Return
Replies: 39
Views: 4729

Re: Embarrassed to ask... dividends and Total Return

JustinR wrote:
Mon Jan 07, 2019 12:04 am
They don't.

Dividends don't make you wealthier at all. They do just the opposite: reduce your return.
Sorry, this is incorrect...
by The Wizard
Mon Jan 07, 2019 4:00 am
Forum: Personal Finance (Not Investing)
Topic: $40,000 in debt, bankruptcy seems to be the best option right now
Replies: 258
Views: 20263

Re: $40,000 in debt, bankruptcy seems to be the best option right now

WhiteMaxima wrote:
Mon Jan 07, 2019 1:42 am
OPEN home equity line credit, use it pay off all credit card debt...
They just bought the house and have no equity yet.
Can't get a HELOC under those conditions...