Search found 172 matches

by hawkfan55
Wed Jun 14, 2017 11:58 am
Forum: Personal Consumer Issues
Topic: Buying a House in Indy (Carmel Indiana)
Replies: 10
Views: 1139

Re: Buying a House in Indy (Carmel Indiana)

Both are professionals and they earn in the top few percent for their ages...probably for any age. To their surprise, "average" upper middle class homes seem to be priced from $400-$800. I'm concerned for them there. As you say, they are in their late 20's and earn in the top few percent ...
by hawkfan55
Mon Jun 05, 2017 10:51 pm
Forum: Investing - Help with Personal Investments
Topic: Timing of Fed Estimated Tax Payments
Replies: 9
Views: 897

Re: Timing of Fed Estimated Tax Payments

Thanks everyone! I appreciate you taking time to respond to my question and feel, thanks to your replies, I've got an understanding of the distribution withholding option. I'll be using that option in December!
:sharebeer
by hawkfan55
Sun Jun 04, 2017 11:45 pm
Forum: Investing - Help with Personal Investments
Topic: Timing of Fed Estimated Tax Payments
Replies: 9
Views: 897

Re: Timing of Fed Estimated Tax Payments

Tax withholding is treated as having been withheld evenly during the year. So there is no need to make estimated tax payments during the year, In fact, I use tax withholding from IRA withdrawals in December to pay my entire tax liability from taxable retirement account withdrawals, interest, divide...
by hawkfan55
Sun Jun 04, 2017 11:10 pm
Forum: Investing - Help with Personal Investments
Topic: Timing of Fed Estimated Tax Payments
Replies: 9
Views: 897

Re: Timing of Fed Estimated Tax Payments

If you have the taxes withheld from your withdrawals, it does not matter when you do it, and you avoid the need to file estimated payments. Having had my own business, I am used to paying estimated quarterly tax payments so did not have anything withheld in February when I made a withdrawal. I made...
by hawkfan55
Sun Jun 04, 2017 10:45 pm
Forum: Investing - Help with Personal Investments
Topic: Timing of Fed Estimated Tax Payments
Replies: 9
Views: 897

Timing of Fed Estimated Tax Payments

If I withdraw $10,000 tax deferred funds from my IRA both in February and November of this year, when are the Estimated Taxes due? Can I pay the estimated taxes for the February withdrawal on April 15th, then SKIP the June 15th and September 15 payments, and pay the taxes for the November withdrawal...
by hawkfan55
Tue May 23, 2017 12:07 am
Forum: Personal Finance (Not Investing)
Topic: % Roth vs. % traditional
Replies: 91
Views: 4073

Re: % Roth vs. % traditional

So you think someone in the 25% tax bracket but less than $98k MAGI in income is better off contributing to a Roth IRA than a deductible Traditional IRA, or instead of maxing out tax-deferred space in a 401k particularly if it would help get their MAGI under $98K? I'd suggest that is pretty bad adv...
by hawkfan55
Mon May 22, 2017 11:40 pm
Forum: Personal Finance (Not Investing)
Topic: % Roth vs. % traditional
Replies: 91
Views: 4073

Re: % Roth vs. % traditional

This thread is...interesting. So many know so little about how retirement accounts work and are willing to share what they don't know.

Again, I strongly urge the OP to read the Wiki. It's there for this reason.


I agree with willthrill, best to read the Wiki and then ask questions.
by hawkfan55
Mon May 22, 2017 11:34 pm
Forum: Personal Finance (Not Investing)
Topic: % Roth vs. % traditional
Replies: 91
Views: 4073

Re: % Roth vs. % traditional

The optimal approach is to 100% max out both accounts annually as both accounts are tax advantaged. If you are not able to contribute the allowable max to each account, then I would ... 1. contribute enough to maximize any employer match on a deferred account (401k or 403b) 2. max your annual Roth ...
by hawkfan55
Mon May 22, 2017 11:16 pm
Forum: Personal Finance (Not Investing)
Topic: % Roth vs. % traditional
Replies: 91
Views: 4073

Re: % Roth vs. % traditional

Um, you realize the limits of 5,500 for IRAs and 18,000 for 401ks cover both Roth and Traditional contributions - you can't max them both annually you must choose between them. You can contribute to your 401k AND also to a Roth IRA if your income allows you to do so. Whether or not you can make the...
by hawkfan55
Mon May 22, 2017 10:35 pm
Forum: Personal Finance (Not Investing)
Topic: % Roth vs. % traditional
Replies: 91
Views: 4073

Re: % Roth vs. % traditional

OP, You asked What is the optimal proportion of Roth and Traditional contributions to your retirement? The optimal approach is to 100% max out both accounts annually as both accounts are tax advantaged. If you are not able to contribute the allowable max to each account, then I would ... 1. contribu...
by hawkfan55
Thu May 18, 2017 11:34 am
Forum: Personal Finance (Not Investing)
Topic: Annual house maintenance costs
Replies: 30
Views: 2840

Re: Annual house maintenance costs

The 1% concept is really just an estimate. Newer homes may not need much maintenance. Older more. The idea is just to realize that homes do require maintenance. Smaller expenses include fertilizer/lawn care, landscaping, leaky faucets, garage doors, etc. Larger projects that require use of Emergency...
by hawkfan55
Thu May 18, 2017 11:18 am
Forum: Personal Finance (Not Investing)
Topic: Delay SS, but claim if market plunges
Replies: 49
Views: 4633

Re: Delay SS, but claim if market plunges

This is an interesting post and the OPs plan seems to be a good one. I am retired and planning to hold off on taking SS at least until FRA and, assuming financial and health remains strong, hopefully till 70. Having options is great and gives peace of mind.
by hawkfan55
Mon May 01, 2017 3:32 pm
Forum: Investing - Help with Personal Investments
Topic: Early Retirement Calculus
Replies: 31
Views: 7548

Re: Early Retirement Calculus

The Wade Pfau thing is worthless in that it is not a study such as the Trinity study and is just another person in a very, very long line of people who are trying to predict the future of the stock market and will very likely be proven wrong over the long term. If he is that pessimistic I wonder if...
by hawkfan55
Mon May 01, 2017 10:11 am
Forum: Investing - Help with Personal Investments
Topic: Better Investment?
Replies: 2
Views: 362

Better Investment?

My DW currently has an investment of over 6 figures in VTIBX Total International Bond Index within her Vanguard 403b account. This investment is 10 percent of our total combined retirement portfolio. Our total retirement portfolio's AA is 50/50. We will both be retired in a couple years. VTIBX has a...
by hawkfan55
Sun Apr 30, 2017 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: Dealing with regret
Replies: 102
Views: 9607

Re: Dealing with regret

Wow, I thought that I was the only one who had experienced investing regret!?! Make sure your AA is one you can live with when equities fall 50+ and stay there for a few years.... because it will happen at some point in the future. Then "leave it alone" and keep investing at your AA throug...
by hawkfan55
Sun Apr 02, 2017 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: Florida prop taxes + insurance?
Replies: 23
Views: 1731

Re: Florida prop taxes + insurance?

If we buy a 400K house (which is on the low side there) we'd be looking at $750/month just in taxes and insurance. It feels crazy to me to spend ~1K/month just to be able to live in a place (even if you're debt free and pay the mortgage off completely) Property Taxes and Homeowners Insurance in Iow...
by hawkfan55
Wed Mar 29, 2017 10:40 am
Forum: Personal Finance (Not Investing)
Topic: An Edward Jones Financial Advisor stopped by my house and spoke with my wife
Replies: 111
Views: 12965

Re: An Edward Jones Financial Advisor stopped by my house and spoke with my wife

As a retired salesman, not in financial services, I've always appreciated a prospect's honesty with me. That way, neither one of us wastes the other's time. There is rarely a good reason to be rude or treat others with disrespect. :happy
by hawkfan55
Sun Mar 26, 2017 10:24 pm
Forum: Personal Finance (Not Investing)
Topic: Help with retirement plan.
Replies: 2
Views: 539

Re: Help with retirement plan.

Is there anyway to create or open a retirement plan for a LLC?

Yes, call the Small Business Department at Vanguard, 800-992-7188. They can help you set up an Individual 401k with Roth option.
https://investor.vanguard.com/what-we-o ... s/overview
I have had an I401k and I401k Roth for some time and have been very pleased. :happy
by hawkfan55
Wed Mar 08, 2017 10:06 pm
Forum: Personal Finance (Not Investing)
Topic: How Much in Your Emergency Fund And Is It Used?
Replies: 188
Views: 19664

Re: How Much in Your Emergency Fund And Is It Used?

20-30K Really never used much but it was nice to know that if I was unemployed for a while or needed to replace a roof or major appliance, it was there. I slept well at night knowing that we had an EF.
by hawkfan55
Wed Mar 08, 2017 9:53 pm
Forum: Personal Finance (Not Investing)
Topic: To Convert or Not... what do you think?
Replies: 19
Views: 2056

Re: To Convert or Not... what do you think?

When I consider converting, I don't only think of myself and wife. Also don't know if you have children or how responsible they may be managing money. Wife and I are converting about 500k over the next 4 years and paying the tax with non-retirement funds. We are willing to pay 25-28% now in order t...
by hawkfan55
Mon Mar 06, 2017 2:58 pm
Forum: Personal Finance (Not Investing)
Topic: To Convert or Not... what do you think?
Replies: 19
Views: 2056

Re: To Convert or Not... what do you think?

Can you clarify the "50k per year" above? Do you mean yours + wife's is 50k/yr? The largest deferred to 70 SS possible for someone who paid maximum SS tax for 35 years is about $42k/yr. JW, I took the 50K SS payment at age 70 from my I-orp calculator printout. I had mistakenly left the in...
by hawkfan55
Sun Mar 05, 2017 10:27 pm
Forum: Personal Finance (Not Investing)
Topic: To Convert or Not... what do you think?
Replies: 19
Views: 2056

Re: To Convert or Not... this is the ?

It sounds to me like you will be squarely in the 25% bracket (big hand wave about how the tax laws have a decent chance of changing in the next 2 years). Then the ROTH is a matter of do you want to pay taxes no or later AND if you would rather have that money in a taxable account or a ROTH. But whe...
by hawkfan55
Sun Mar 05, 2017 10:17 pm
Forum: Personal Finance (Not Investing)
Topic: To Convert or Not... what do you think?
Replies: 19
Views: 2056

Re: To Convert or Not... this is the ?

What is the likely tax bracket of the surviving person? If it is very likely to be 28%, I'd go ahead and convert at 25%, being careful not to pass the Medicare Part B and D limits if you are old enough. Retiredjg, Yes, once one us passes, the surviving spouse would most likely have some income in t...
by hawkfan55
Sun Mar 05, 2017 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: To Convert or Not... what do you think?
Replies: 19
Views: 2056

To Convert or Not... what do you think?

I'm trying to decide whether to pursue a Roth Conversion strategy in retirement. Retired a few months ago at age 61. DW still working for 2-3 more years, contributing 24k per year to 401k with take home taxable income around 48k/yr. I am withdrawing approx. 50k from my Rollover IRA for living expens...
by hawkfan55
Fri Feb 10, 2017 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: 2.875% mortgage pay-off financially justifiable?
Replies: 64
Views: 10184

Re: 2.875% mortgage pay-off financially justifiable?

the government will still come take it of you don't pay them each year a percentage of its value...ergo it is really not yours anyway This is true! I don't know from personal experience but I doubt many on this board will have that problem We have 11 years left on our mortgage at 2.75%. We paid off...
by hawkfan55
Tue Jan 31, 2017 1:20 am
Forum: Personal Finance (Not Investing)
Topic: Am I taking tax deferral to the extreme?
Replies: 2
Views: 839

Am I taking tax deferral to the extreme?

By contributing an additional $18,500 to my Individual 401k and $6,000 to Employer Contribution (sole proprietor) we will have a MFJ taxable income of $75,299, the top of the 15% tax bracket. These contributions would be deferring taxes at the 25% rate and our total effective tax rate would be appro...
by hawkfan55
Wed Jan 25, 2017 9:33 pm
Forum: Investing - Help with Personal Investments
Topic: Why is Vanguard not answering the phone
Replies: 20
Views: 2133

Re: Why is Vanguard not answering the phone

I can't remember the last time I've waited for more than a minute or two :D
by hawkfan55
Wed Jan 25, 2017 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: Rebalancing AA in Retirement
Replies: 12
Views: 1032

Rebalancing AA in Retirement

Do most bogleheads rebalance more often in retirement? I realize that bond funds are not risk free but "no one ever went broke taking a profit" comes to mind, especially when one has saved enough to retire.
by hawkfan55
Fri Jan 20, 2017 8:15 pm
Forum: Personal Consumer Issues
Topic: Thinking of getting tires from Costco
Replies: 68
Views: 16988

Re: Thinking of getting tires from Costco

have had good/bad experiences with Costco tires. Good: The pricing for Michelin tires. As an executive member, they do frequent specials for free installation on top of the usual sales. I have taken advantage of this and gotten 4 very nice tires installed at a good price. They typically notify me v...
by hawkfan55
Fri Jan 20, 2017 7:29 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone using i-orp as a guide for withdrawals?
Replies: 22
Views: 2544

Re: Anyone using i-orp as a guide for withdrawals?

My experience with I-orp has been positive. The program has continued to be improved and has worked well for me. We do not have a complicated retirement situation where we are planning on leaving a significant estate.

I've run numerous reports, changing inputs, and the results seem logical to me.
by hawkfan55
Fri Jan 20, 2017 7:39 am
Forum: Personal Finance (Not Investing)
Topic: Anyone using i-orp as a guide for withdrawals?
Replies: 22
Views: 2544

Re: Anyone using i-orp as a guide for withdrawals?

I'm missing something, as I don't see any reason to do this (not being facetious--there is always some reason, even if I disagree with it!). In my mind, Roth holdings are too valuable for long-term growth, avoidance of tax torpedo (and DW's highly-likely single taxpayer high marginal rates), and es...
by hawkfan55
Wed Jan 18, 2017 9:47 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone using i-orp as a guide for withdrawals?
Replies: 22
Views: 2544

Re: Anyone using i-orp as a guide for withdrawals?

JohnZ, JD, Curmudgeon and Grok, Thanks for your replies. I remember reviewing McClung's book and will do so again, particularly chapter 3. The full I-orp (found below the standard program) allows one to put your stock, bond and cash allocations as you wish. We are currently 45/55 stock/bonds and, at...
by hawkfan55
Wed Jan 18, 2017 4:52 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone using i-orp as a guide for withdrawals?
Replies: 22
Views: 2544

Anyone using i-orp as a guide for withdrawals?

Is anyone using I-orp as a primary guide for making retirement withdrawals? How many years have you been using I-orp to help you determine optimal withdrawls and how has using this calculator worked out for you? I recently retired and am getting ready to make my first withdrawals. Secondly, has anyo...
by hawkfan55
Mon Jan 09, 2017 12:00 am
Forum: Personal Consumer Issues
Topic: kitchenaid vs. bosch dishwasher
Replies: 71
Views: 23133

Re: kitchenaid vs. bosch dishwasher

Love our Bosch dishwasher. So quiet, you don't know it's running unless you look at the floor and see the red light indicating its on! Since we have an open floor plan, it is really nice that the Bosch is so quiet. Cleans dishes really well. :D
by hawkfan55
Fri Jan 06, 2017 5:11 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Solo 401K - from Sole Prop to LLC
Replies: 2
Views: 262

Re: Vanguard Solo 401K - from Sole Prop to LLC

I have a I401k with Vanguard. For tax purposes, a Sole Proprietor and LLC are both taxed as pass through income. I would call Vanguard's Small Business department, 800-992-7188. They should be able to assist you.
by hawkfan55
Fri Jan 06, 2017 4:52 pm
Forum: Investing - Help with Personal Investments
Topic: How're we doing?
Replies: 33
Views: 3870

Re: How're we doing?

Just a quick first look... I would pay off the student loans first, starting with the 5.3% one. Paying down this loan is like earning a guaranteed 5.3%. You should get your debt under control prior to adding more debt, home mortgage.
by hawkfan55
Mon Jan 02, 2017 5:28 pm
Forum: Investing - Help with Personal Investments
Topic: Bond Duration for Retiree?
Replies: 4
Views: 976

Re: Bond Duration for Retiree?

Changed Subject of Post
by hawkfan55
Mon Jan 02, 2017 12:33 pm
Forum: Investing - Help with Personal Investments
Topic: Bond Duration for Retiree?
Replies: 4
Views: 976

Bond Duration for Retiree?

Should retirement withdrawals from tax deferred accounts, such as a Rollover IRAs, that are expected to occur within the next 6-7 years be invested in short term or intermediate bond funds? I was thinking it should be correlated to the bond fund's duration, is that correct? How would you invest in b...
by hawkfan55
Tue Dec 27, 2016 10:01 pm
Forum: Personal Consumer Issues
Topic: At what age, income, and NW would you buy a $50k car?
Replies: 174
Views: 12984

Re: At what age, income, and NW would you buy a $50k car?

2 other things I would like to get off my chest tonight.... 1. Many things we consume are depreciating assets. Being a depreciating asset should not disqualify it from being something we consume. A simple example would be eating at McDonalds vs eating at a nice sit down restaurant. Both meals are de...
by hawkfan55
Tue Dec 27, 2016 9:29 pm
Forum: Personal Consumer Issues
Topic: At what age, income, and NW would you buy a $50k car?
Replies: 174
Views: 12984

Re: At what age, income, and NW would you buy a $50k car?

OP Says... But for those that would consider it Those who would not consider a 50k+ car purchase need not reply. I agree that there are a lot of posters who insist on convincing others that their financial values are dogma. The basic question posed by the OP can be answered. Age has nothing to do wi...
by hawkfan55
Tue Dec 27, 2016 4:12 pm
Forum: Personal Consumer Issues
Topic: At what age, income, and NW would you buy a $50k car?
Replies: 174
Views: 12984

Re: At what age, income, and NW would you buy a $50k car?

This was definitely one of those questions best answered with a "YMMV" response.

+1
by hawkfan55
Mon Dec 26, 2016 9:54 pm
Forum: Personal Consumer Issues
Topic: At what age, income, and NW would you buy a $50k car?
Replies: 174
Views: 12984

Re: At what age, income, and NW would you buy a $50k car?

Yes, we just bought a new vehicle and financed the entire purchase at 0% interest. Payment = $1,505 per month for 36 months, more than our mortgage! We could have paid cash for it, however, the manufacturer offered 36 mo at 0% interest. The price was the same whether I decided to take the 0% interes...
by hawkfan55
Mon Dec 26, 2016 9:27 pm
Forum: Personal Consumer Issues
Topic: If you could only choose one [car] to keep...?
Replies: 26
Views: 2239

Re: If you could only choose one [car] to keep...?

First, I would like to thank all of you who posted! I appreciated the opportunity to read all your thoughts. I've sold the 2007 Honda Accord for a little under $10,000. Thanks again!
by hawkfan55
Sun Dec 25, 2016 9:24 pm
Forum: Personal Finance (Not Investing)
Topic: Rush to pay off 0% Auto Loan?
Replies: 44
Views: 5238

Re: Rush to pay off 0% Auto Loan?

So I recently just completed a refinance of my home with the whole goal of it to eliminate paying PMI and free up more cash flow in order to increase my savings rate. My wife and I have a 6 month emergency fund set and we now will be able to max out each of our roth IRA's as well as me contributing...
by hawkfan55
Fri Dec 23, 2016 12:11 pm
Forum: Personal Consumer Issues
Topic: If you could only choose one [car] to keep...?
Replies: 26
Views: 2239

If you could only choose one [car] to keep...?

I have a choice to make...Which vehicle should I keep and which one should I sell? Nearing retirement and will mostly just be a run around town vehicle. We have a good vehicle for traveling. 2007 Honda Accord EX-L 6 cyl with a little over 50,000 miles, new timing belt replaced due to age of rubber a...
by hawkfan55
Thu Dec 22, 2016 8:38 am
Forum: Personal Consumer Issues
Topic: Reviews of Cadillac XT5
Replies: 5
Views: 977

Re: Reviews of Cadillac XT5

Wizard, I agree.
by hawkfan55
Wed Dec 21, 2016 11:05 pm
Forum: Personal Consumer Issues
Topic: Reviews of Cadillac XT5
Replies: 5
Views: 977

Re: Reviews of Cadillac XT5

Truecar says 37k-57k. Thats a 20k spread. Thats outrageous, it's a car! (jmho), no doubt you disagree. Good luck! Snowshoes, good luck finding one for under $43-45k... no one has the stripped down ones. Most models go for more than 50k. Cadillac is adding a third shift, 650 workers, at their Spring...
by hawkfan55
Wed Dec 21, 2016 3:35 pm
Forum: Personal Consumer Issues
Topic: Reviews of Cadillac XT5
Replies: 5
Views: 977

Reviews of Cadillac XT5

Thoughts on Cadillac's new mid-size crossover, the XT5? Thank you!
by hawkfan55
Tue Dec 20, 2016 8:28 pm
Forum: Personal Finance (Not Investing)
Topic: Buick Enclave vs Cadillac SRX, which would you choose?
Replies: 24
Views: 5417

Re: Buick Enclave vs Cadillac SRX, which would you choose?

I have a friend who just bought a Cadillac XT5 that replaced the SRX. He says it's a great crossover with solid build quality.
by hawkfan55
Mon Dec 19, 2016 11:31 pm
Forum: Personal Finance (Not Investing)
Topic: Building House - Mortgage Q's
Replies: 6
Views: 674

Re: Building House - Mortgage Q's

I would take the equity from the house you sell and use it to reduce your mortgage on the new home. We were faced with this situation about four years ago and put our equity against the mortgage despite having a 2.75% 15 year mortgage. We don't really regret doing this as our mortgage is much smalle...