Search found 1121 matches

by Hayden
Sun Aug 12, 2018 9:44 am
Forum: Investing - Help with Personal Investments
Topic: iORP Monte Carlo vs FireCalc
Replies: 10
Views: 1077

Re: iORP Monte Carlo vs FireCalc

I had the same experience. I hope I am not missing something important as I rely on the FireCalc results.

Please do post back if you get to the bottom of this.
by Hayden
Mon Aug 06, 2018 9:07 am
Forum: Investing - Theory, News & General
Topic: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)
Replies: 667
Views: 57323

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

I just received the email from Fidelity telling me about these funds. I wonder why other folks got notified before me.
by Hayden
Mon Aug 06, 2018 12:10 am
Forum: Personal Finance (Not Investing)
Topic: Best way to lose $200 in taxable income?
Replies: 96
Views: 6869

Re: Best way to lose $200 in taxable income?

Well, I guess the only thing left - you've got approx. 5 months left in the year to open some sort of side business. Your Schedule C loss can be used to offset ordinary income. Since you need only do this for one year (next year you will know better) you should be okay on the IRS hobby rules, i.e.,...
by Hayden
Sun Aug 05, 2018 10:42 pm
Forum: Personal Consumer Issues
Topic: input on trip to Spokane, Coeur D'Alene
Replies: 25
Views: 1647

Re: input on trip to Spokane, Coeur D'Alene

There's a huge number of wineries and breweries in Spokane. Check out the Cork District. Barrister Winery is particularly good.

In Coeur dalene, you can take a boat cruise, or hike Tubbs Hill for a great view of the lake.
by Hayden
Wed Aug 01, 2018 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: Is there a Boglehead way of running a business?
Replies: 19
Views: 2083

Re: Is there a Boglehead way of running a business?

This is an interesting question. I look forward to reading the responses. I'll share my experience. I had a S Corp and a separate real estate company. I lucked out and the S Corp was very profitable. The real estate was a drag on my time and attention. For me, I would have been better off putting al...
by Hayden
Tue Jul 31, 2018 3:00 pm
Forum: Personal Consumer Issues
Topic: West Coast Tour Group Suggestions
Replies: 17
Views: 1041

Re: West Coast Tour Group Suggestions

I've taken many Road Scholar trips. All but one were excellent. I highly recommend them. I also suggest carefully reading the reviews they post on their website for the trips that interest you.
by Hayden
Sat Jul 28, 2018 7:59 pm
Forum: Personal Consumer Issues
Topic: Wood Tile Floor vs Luxury Vinyl Plank
Replies: 7
Views: 678

Re: Wood Tile Floor vs Luxury Vinyl Plank

If you are concerned about resale, we need to know more about the house. I think the vinyl plank would be great in a moderately pricrd house, but not in a hgh priced house.
by Hayden
Sat Jul 28, 2018 8:51 am
Forum: Investing - Help with Personal Investments
Topic: Firecalc Says No Benefit to a Higher Equity Asset Allocation??
Replies: 47
Views: 4513

Re: Firecalc Says No Benefit to a Higher Equity Asset Allocation??

I'm in this situation and my asset allocation is 50/50. If I were to increase stocks, I'd probably die with more money. But I don't have heirs, nor any family members who need money, so that is not particularly important to me. The cost of increasing the stock allocation would be more stress to me. ...
by Hayden
Sat Jul 28, 2018 8:33 am
Forum: Personal Finance (Not Investing)
Topic: Moral dilemma - What would you do?
Replies: 54
Views: 5601

Re: Moral dilemma - What would you do?

It probably depends on the circumstances. I have a small business that has been selling to megacorps for 20 years. I have kept the same customers over the years, which has made my life much easier. I never regarded any contract as a one-off, but rather always saw it through the lens of building a lo...
by Hayden
Fri Jul 27, 2018 10:35 am
Forum: Personal Consumer Issues
Topic: Tips for staying active / injury-free into older age
Replies: 130
Views: 9362

Re: Tips for staying active / injury-free into older age

Right now I'm reading a book "the barbell prescription" that was recommended on another Bogleheads thread. I recommend it. I work out every day. I do spinning and lift weights. I am also constantly in pain. Haven't figured out how to avoid injuring myself. I do spend alot of time stretching every da...
by Hayden
Fri Jul 27, 2018 10:28 am
Forum: Personal Finance (Not Investing)
Topic: [S-Corps] Accountant advice on handling profit
Replies: 22
Views: 1324

Re: [S-Corps] Accountant advice on handling profit

My business partner and I run an S-Corp. We are 50/50 partners. Recently talked with our accountant about having an "Operating Reserve fund".. this will essentially be a business savings account where we store excess cash that can serve as emergency fund / innovation fund as we need more cash to gr...
by Hayden
Fri Jul 20, 2018 9:43 am
Forum: Personal Finance (Not Investing)
Topic: Pass Thru Deduction-Roth Conversion Question
Replies: 6
Views: 535

Re: Pass Thru Deduction-Roth Conversion Question

I'm planning on doing the same. Makes sense to me. Are you going to wait until the end of the year to make one big conversion or are you converting some now? My initial plan was to do one conversion at the end of the year when I know exactly how much to convert. But now I am thinking I should conve...
by Hayden
Fri Jul 20, 2018 7:19 am
Forum: Personal Finance (Not Investing)
Topic: Pass Thru Deduction-Roth Conversion Question
Replies: 6
Views: 535

Re: Pass Thru Deduction-Roth Conversion Question

I'm planning on doing the same. Makes sense to me.
by Hayden
Wed Jul 18, 2018 11:10 am
Forum: Personal Finance (Not Investing)
Topic: Early retirement
Replies: 145
Views: 14134

Re: Early retirement

Just yesterday someone asked me what I do, and I said I am retired. She flat out didn't believe me; couldn't fathom that I had made enough money to be FI. I guess I look young :D Since I'm contemplating a startup (currently doing a course on the business model canvas), I guess I'll go back to tellin...
by Hayden
Fri Jul 13, 2018 4:56 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirement
Replies: 145
Views: 14134

Re: Early retirement

I retired early. I've had some very interesting interactions with people when they find out I've done so. Some are socially awkward, some rude, some confused and other bizarre reactions. Has anyone else experienced what I have? Yes, a little bit, but nothing I would characterize as bizarre. How you...
by Hayden
Fri Jul 13, 2018 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: Retired, age 60 - Tax Plan. Please suggest improvements.
Replies: 30
Views: 3142

Re: Retired, age 60 - Tax Plan. Please suggest improvements.

MrBeaver You are correct in that some conversions are better in the long term. Sometimes, however, it takes many years. The retirement calculator that uses excel, Retiree Portfolio Model, has a output table that shows the break even point for Roth conversions in given scenarios. For me it is one of...
by Hayden
Fri Jul 13, 2018 11:51 am
Forum: Investing - Help with Personal Investments
Topic: massive Roth conversion
Replies: 39
Views: 3275

Re: massive Roth conversion

Also, remember that NIIT kicks in at $250,000 for married. Personally, I am converting up to the point where NIIT starts. Not to NIIT pick but what is NIIT. NIIT = Net Investment Income Tax However, I thought that IRA distributions where exempt from NIIT. I need to go look.... EDIT: As far as I can...
by Hayden
Fri Jul 13, 2018 10:24 am
Forum: Investing - Help with Personal Investments
Topic: massive Roth conversion
Replies: 39
Views: 3275

Re: massive Roth conversion

Also, remember that NIIT kicks in at $250,000 for married. Personally, I am converting up to the point where NIIT starts.
by Hayden
Thu Jul 12, 2018 11:07 am
Forum: Personal Finance (Not Investing)
Topic: Transferring Money from LLC to Personal Bank Account
Replies: 5
Views: 426

Re: Transferring Money from LLC to Personal Bank Account

For large amount, write a check. For small amount, you can do online transfer. There are no tax consequences. It is as simple as open a ally account. There may be tax consequences. We would need to know more about how the business is structured to know for sure. For example, an LLC can be taxed as ...
by Hayden
Thu Jul 12, 2018 11:04 am
Forum: Personal Finance (Not Investing)
Topic: Transferring Money from LLC to Personal Bank Account
Replies: 5
Views: 426

Re: Transferring Money from LLC to Personal Bank Account

Taking money out of an LLC and investing the money to earn some interest are two completely separate things. Does he want to take the money out of the LLC? If he wants to keep the money in the LLC for some business purpose, the company can invest the money. The company can own CDs. The company can e...
by Hayden
Thu Jul 12, 2018 10:02 am
Forum: Personal Finance (Not Investing)
Topic: Retired, age 60 - Tax Plan. Please suggest improvements.
Replies: 30
Views: 3142

Re: Retired, age 60 - Tax Plan. Please suggest improvements.

Two comments based on what I've been wrestling with for myself: I'm surprised you decided to do Roth conversions over the $200,000 point where the 3.8% NIIT kicks in. Personally, I'm planning on doing Roth conversions just up to AGI of $200,000. Like you, I probably have more money than I need to li...
by Hayden
Tue Jul 10, 2018 1:58 pm
Forum: Personal Consumer Issues
Topic: What are you learning or studying?
Replies: 99
Views: 7358

Re: What are you learning or studying?

1. Just signed up for a Udacity class on Business Model Canvas.
2. Ballroom dancing
3. Spanish
4. Weightlifting
by Hayden
Mon Jul 09, 2018 10:00 am
Forum: Personal Consumer Issues
Topic: Older Women Lifting Weights
Replies: 87
Views: 6502

Re: Older Women Lifting Weights

Note also the growing popularity of the Starting Strength model, which is different from old fashioned 'weightlifting' in that it emphasizes basic human movements (much like your stretch and dance routine) rather than beach body muscles that weightlifters or bodybuilders follow. Starting strength i...
by Hayden
Sun Jul 08, 2018 11:21 am
Forum: Personal Finance (Not Investing)
Topic: How I use I-ORP, and who shouldn't
Replies: 155
Views: 19020

Re: How I use I-ORP, and who shouldn't

"I agree. I-ORP is a very useful tool. I find his default values for future returns to be a little optimistic for my tastes. But I suppose they are reasonable." I like it as well but do not use the default values for our base case. I curious what you use. My base is 5% stock returns, 2 dividends, 3...
by Hayden
Sun Jul 08, 2018 10:13 am
Forum: Personal Finance (Not Investing)
Topic: How I use I-ORP, and who shouldn't
Replies: 155
Views: 19020

Re: How I use I-ORP, and who shouldn't

I used RPM and it gave me about a 2% difference, similar to the 1% difference I got with ORP. But, I don't like using a deterministic calculator. I prefer the ORP Monte Carlo. ORP tells me I am slightly ahead in the average case with Roth conversions, but in the 1st std dev, 2nd std dev, and worst c...
by Hayden
Sun Jul 08, 2018 8:55 am
Forum: Personal Consumer Issues
Topic: Mailbox at UPS Store as Primary Address?
Replies: 12
Views: 1466

Re: Mailbox at UPS Store as Primary Address?

If you really only need it for a couple weeks, I wouldn't bother. Are you definitely moving into a new permanent home in your new location? FWIW, I have all my mail go to a UPS box. I give my residence address to banks, but I also give them the UPS box address as the mailing address and they send al...
by Hayden
Sat Jul 07, 2018 5:45 pm
Forum: Personal Consumer Issues
Topic: Tipping in a hotel room/cruise ship room
Replies: 57
Views: 4202

Re: Tipping in a hotel room/cruise ship room

In a hotel, we tip the cleaning people each day. On a cruise, we tip at the end of the cruise.
by Hayden
Sat Jul 07, 2018 5:43 pm
Forum: Personal Finance (Not Investing)
Topic: How I use I-ORP, and who shouldn't
Replies: 155
Views: 19020

Re: How I use I-ORP, and who shouldn't

RPM seems to make a stronger case for conversions than I-ORP for me. I-ORP keeps the AA per account which is not ideal and can cause risk to vary a lot when balances shift in each account. This does not show up in a nominal return simulation; it would require Monte Carlo to see it. How do you use R...
by Hayden
Fri Jul 06, 2018 7:09 pm
Forum: Personal Finance (Not Investing)
Topic: How I use I-ORP, and who shouldn't
Replies: 155
Views: 19020

Re: How I use I-ORP, and who shouldn't

I used ORP and really don't understand the results. I'm hoping one of you can explain this. ORP recommends huge Roth conversions. But when I look at the projected annual disposable income, the number only improves by 1% when I change from no Roth conversion to unlimited conversions. Then I ran the M...
by Hayden
Thu Jul 05, 2018 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: What I spent in 6 months on medicare
Replies: 159
Views: 12708

Re: What I spent in 6 months on medicare

$2K in 6 months? x2 for husband & wife, approx x2 for whole year. $8K. Wow. :shock: That is a line item in the budget that I didn't expect. I didn't realize it was so expensive. I had the opposite reaction. I wish I could buy into Medicare. I recently saw the 2019 figures for my ACA plan. My premiu...
by Hayden
Thu Jul 05, 2018 11:31 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Destination - are you happy with your choice?
Replies: 127
Views: 15727

Re: Retirement Destination - are you happy with your choice?

We took a course on how to retire with a focus on relocation, and the number one piece of advice was to rent at first, because what you think you want in retirement may not be accurate. We took that advice and are currently renting in a new city. We are very glad we decided to rent, as it allows us ...
by Hayden
Thu Jul 05, 2018 11:12 am
Forum: Personal Finance (Not Investing)
Topic: Downsizing question: smaller house or interim rental
Replies: 15
Views: 899

Re: Downsizing question: smaller house or interim rental

We are renting a 1700 sf place. We love it. One advantage of renting is that it allows you to figure out how much space you really need. For us, it took a very long time to empty our old house. I know some people can do this easily. For us, t was a long and difficult process to purge 20 years of acc...
by Hayden
Wed Jul 04, 2018 5:45 pm
Forum: Personal Consumer Issues
Topic: Older Women Lifting Weights
Replies: 87
Views: 6502

Re: Older Women Lifting Weights

I lift weights twice a week with a trainer. For years, I resisted hiring a trainer. I thought, why in the world would I pay someone to stand next to me while I lift weights? I finally decided that this is important and is a good use of my money. The first trainer had me doing things I had no busines...
by Hayden
Tue Jul 03, 2018 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Destination - are you happy with your choice?
Replies: 127
Views: 15727

Re: Retirement Destination - are you happy with your choice?

We wanted to try an urban lifestyle, so we rented an apartment downtown. I love the fact that I never drive anywhere. We have great theaters, restaurants, and gym very close to the apartment. I think the biggest challenge is building a social network in the new city. A neighbor told me that it takes...
by Hayden
Sat Jun 30, 2018 2:03 pm
Forum: Personal Finance (Not Investing)
Topic: States that are investments/tax unfriendly?
Replies: 27
Views: 3264

Re: States that are investments/tax unfriendly?

If you are thinking about retirement, don't forget estate tax. Washington is a great place to work (no income tax), but they have a high estate tax if you are over the exclusion amount.
by Hayden
Fri Jun 29, 2018 9:42 am
Forum: Personal Finance (Not Investing)
Topic: Retire at 55, what's the magic number
Replies: 169
Views: 23044

Re: Retire at 55, what's the magic number

Just a comment on estimating future expenses in retirement. I am retired (sort of), and my expenses are much higher than they were when I was working. I used to work all the time, so didn't have much time for discretionary spending. Now, I have time to do things like travel, so my spending is much h...
by Hayden
Tue Jun 26, 2018 9:56 am
Forum: Investing - Theory, News & General
Topic: Advice on Roth conversions
Replies: 24
Views: 2049

Re: Advice on Roth conversions

I just did this same calculation myself. I used Taxcaster to calculate the 2018 taxes. Seems like you may be ignoring dividends from your taxable account. Remember to include all income when you do the calculation. Personally, I decided to convert up to the point where NIIT kicks in (200,000 for me,...
by Hayden
Mon Jun 25, 2018 8:14 pm
Forum: Personal Consumer Issues
Topic: Thinking about 2019 trip to Dubrovnik, Croatia
Replies: 19
Views: 1397

Re: Thinking about 2019 trip to Dubrovnik, Croatia

I would recommend seeing more of Croatia than just Dubrovnik. Also suggest visiting Montenegro. I thought Dubrovnik was too touristy, and preferred visiting smaller and less touristy cities. Definitely recommend taking a boat trip or taking public ferries to visit various islands.
by Hayden
Mon Jun 25, 2018 11:50 am
Forum: Investing - Help with Personal Investments
Topic: Double Digits years of living expenses in Fixed Income
Replies: 29
Views: 2466

Re: Double Digits years of living expenses in Fixed Income

I have north of 10 years of living expenses (currently well north) in fixed income income investments assuming those investments have a 0% real return. I am doing this because to me winning the game means being able to do what I want while I am young enough to enjoy it without having to worry about...
by Hayden
Sun Jun 24, 2018 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA conversion with non-deductible contributions
Replies: 12
Views: 1057

Re: Roth IRA conversion with non-deductible contributions

My understanding is this contribution was a one time deal - only for for 2018. Is that incorrect? I guess I'm thinking you will not get the entire IRA converted to Roth anyway. In the big scheme of things, I don't think adding $6k to Roth (as opposed to taxable) will make much difference. It is pro...
by Hayden
Sat Jun 23, 2018 4:02 pm
Forum: Personal Consumer Issues
Topic: Dual king mattress
Replies: 14
Views: 1484

Re: Dual king mattress

We bought the split King and have the same experience as the other posters. We are happy with it, but it does not seem to have affected snoring.
by Hayden
Sat Jun 23, 2018 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA conversion with non-deductible contributions
Replies: 12
Views: 1057

Re: Roth IRA conversion with non-deductible contributions

I currently have roughly $1M in IRA, of which $50k is after-tax. My plan is: 1. Call Fidelity and tell them the amount to convert from IRA to Roth. 2. When I do my taxes using TurboTax, it will complete form 8606 and do the pro-rata calculation to determine the taxable amount and the new after-tax ...
by Hayden
Fri Jun 22, 2018 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: Yet another CP2000 for Roth IRA conversion thread
Replies: 27
Views: 2750

Re: Yet another CP2000 for Roth IRA conversion thread

My conversion does involve non-deductible IRA contributions. Does TT handle that? Are there minefields I need to be aware of? Yes, TT does handle conversions with non-deductible contributions, but it must be done a certain way. Are you at all familiar with that? Do you have your non-deductible IRA ...
by Hayden
Fri Jun 22, 2018 1:05 pm
Forum: Personal Consumer Issues
Topic: How do find a good doctor for chronic hives
Replies: 25
Views: 1393

Re: How do find a good doctor for chronic hives

I went through this too. I saw several doctors, none of which helped. One doctor told me that this is extremely common and that most of the time they never identify the cause. In my case, they stopped on their own. Hope you have the same result!
by Hayden
Fri Jun 22, 2018 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: Yet another CP2000 for Roth IRA conversion thread
Replies: 27
Views: 2750

Re: Yet another CP2000 for Roth IRA conversion thread

I'm watching this thread because I'm planning to do a Roth conversion for the first time this year. It sounds like you all believe that TT handles this correctly, and the error is on the IRS side? Conversion per se is not a problem if the entire amount of conversion is untaxed money -- i.e. all the...
by Hayden
Fri Jun 22, 2018 10:21 am
Forum: Personal Finance (Not Investing)
Topic: Yet another CP2000 for Roth IRA conversion thread
Replies: 27
Views: 2750

Re: Yet another CP2000 for Roth IRA conversion thread

I'm watching this thread because I'm planning to do a Roth conversion for the first time this year. It sounds like you all believe that TT handles this correctly, and the error is on the IRS side?
by Hayden
Fri Jun 22, 2018 9:41 am
Forum: Personal Finance (Not Investing)
Topic: Roth IRA conversion with non-deductible contributions
Replies: 12
Views: 1057

Re: Roth IRA conversion with non-deductible contributions

Am I safe in assuming that Turbotax can do the pro rata calculation and correctly calculate the taxable amount of the conversion? Anything I need to be aware of? Is this pro-rata basis going to get me into trouble, or is it simply a matter of keeping the Form 8606 up to date each year? Any challeng...
by Hayden
Thu Jun 21, 2018 8:39 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA conversion with non-deductible contributions
Replies: 12
Views: 1057

Re: Roth conversion plan and questions

I played with all this myself and then decided to work with my accountant on it. He knows my finances and my plan, and he ran the numbers for me. It didn't take him long. My initial approach proved too conservative for the potential savings I could realize and I was glad to sought help. Do you have...
by Hayden
Thu Jun 21, 2018 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: What is/ was your career and would you recommend it now?
Replies: 345
Views: 33891

Re: What is/ was your career and would you recommend it now?

Engineer. If i were a student today, i'd be in computer science.
That's just a reflection of my personal interests, not a commentary on the job market.
by Hayden
Thu Jun 21, 2018 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA conversion with non-deductible contributions
Replies: 12
Views: 1057

Roth IRA conversion with non-deductible contributions

I ran three calculators recommended by Bogleheads: i-orp, Retiree Portfolio Model, and CashFlow. It seems to me there are too many moving parts to make a precise decision. I-orp in particular gave widely disparate answers when I fiddled with the input. I decided to do Roth conversions up to the poin...