Search found 148 matches

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: 9344

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 :D We have 11 years left on our mortgage at 2.75%. We paid ...
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: 769

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: 1871

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: 836

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: 5688

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: 20
Views: 1958

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: 20
Views: 1958

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: 20
Views: 1958

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: 20
Views: 1958

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: 15912

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: 193

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: 3429

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: 837

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: 837

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: 11144

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: 11144

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: 11144

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: 11144

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: 2017

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: 4622

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: 2017

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: 808

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: 808

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: 808

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: 5112

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: 584

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...
by hawkfan55
Tue Dec 13, 2016 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: Age to Take Social Security: The Ideal and the Reality
Replies: 83
Views: 12235

Re: Age to Take Social Security: The Ideal and the Reality

The problem with that is by delaying SS you are guaranteed an 8% annual return. Can you get that in the market? Probably not. That's why we will wait.

Guaranteed 8% Annual Return less payments that would have been paid from 62 to 70, assuming one waits till 70 to start Social Security.
by hawkfan55
Mon Dec 12, 2016 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: Purchase of Business Vehicle Prior to Yr End?
Replies: 4
Views: 524

Re: Purchase of Business Vehicle Prior to Yr End?

If there are any tax accountants or Bogleheads familiar with my situation, I would appreciate your thoughts and experiences.
Thank you!
by hawkfan55
Mon Dec 12, 2016 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: Age to Take Social Security: The Ideal and the Reality
Replies: 83
Views: 12235

Re: Age to Take Social Security: The Ideal and the Reality

At the risk of repeating the oft repeated. I DO want to bet against the mortality tables. My life is NOT an optimization problem where I'm trying to maximize my take from SS. My life is my ONE and only, and I want to make sure that I am financially okay whether I live a longer or shorter life than ...
by hawkfan55
Sun Dec 11, 2016 10:51 pm
Forum: Personal Finance (Not Investing)
Topic: Purchase of Business Vehicle Prior to Yr End?
Replies: 4
Views: 524

Re: Purchase 6000 GVWR SUV for Business Prior to End of Year?

My sole proprietor LLC business this year should net approx. 85k profit. I anticipate that I will only keep my business going for a couple more years before retiring and income during those years will only be $20-40k per year. I'm considering buying a GM Acadia or Cadillac XT5 SUV before the end of...
by hawkfan55
Sun Dec 11, 2016 6:46 pm
Forum: Personal Finance (Not Investing)
Topic: A few 1099 Questions
Replies: 11
Views: 857

Re: A few 1099 Questions

I am an independent sales representative and organized as a LLC sole proprietor business. Ask yourself the following questions... Why would your company want you to be a 1099 instead of a W2 employee? Answer: Save costs, shift future liabilities, etc. How stable is my position/career if I stay with ...
by hawkfan55
Sun Dec 11, 2016 6:16 pm
Forum: Personal Finance (Not Investing)
Topic: Purchase of Business Vehicle Prior to Yr End?
Replies: 4
Views: 524

Purchase of Business Vehicle Prior to Yr End?

My sole proprietor LLC business this year should net approx. 85k profit. I anticipate that I will only keep my business going for a couple more years before retiring and income during those years will only be $20-40k per year. I'm considering buying a GM Acadia or Cadillac XT5 SUV before the end of ...
by hawkfan55
Sat Dec 10, 2016 11:17 pm
Forum: Personal Finance (Not Investing)
Topic: Just too conservative for my own good
Replies: 30
Views: 4306

Re: Just too conservative for my own good

Thanks to all who replied. I suppose I was lamenting my investing efforts when I should have been counting our lucky stars. The reason I posted was in hope that some young Bogleheads might benefit from my experience. Money and Investing was something not discussed much when growing up. When I met my...
by hawkfan55
Thu Dec 08, 2016 11:54 pm
Forum: Personal Finance (Not Investing)
Topic: Just too conservative for my own good
Replies: 30
Views: 4306

Just too conservative for my own good

I've been reviewing my last 40 years of working and saving. My focus on saving for retirement occurred over the last 30 years. During the first 20 years, I started saving slowly. Didn't really understand investing principles so sold equities during market declines and got back into equities too late...
by hawkfan55
Wed Nov 30, 2016 8:27 pm
Forum: Personal Finance (Not Investing)
Topic: Feeling like you've "made it"
Replies: 107
Views: 10761

Re: Feeling like you've "made it"

Relax, it's good to save for your future but don't forget to enjoy life along the way. Do you have children? If you do or will, you already or probably know how expensive they can be. "Feeling like you've made it" means that you are making progress towards your savings goals. There's nothi...
by hawkfan55
Wed Nov 30, 2016 7:08 pm
Forum: Personal Finance (Not Investing)
Topic: Turbotax 2016 HSA limit error
Replies: 11
Views: 1986

Re: Turbotax 2016 HSA limit error

Does anybody know how long it generally has taken them to get glitches like this corrected? FireChief, I've used TT for over 10 years and they will get it fixed. I would estimate most errors are corrected by mid to late January. Most W2s aren't sent to employees until the end of January. When you s...
by hawkfan55
Tue Nov 22, 2016 11:29 am
Forum: Personal Finance (Not Investing)
Topic: Recharacterization and Conversion Questions
Replies: 3
Views: 292

Recharacterization and Conversion Questions

In my years of accumulating in deferred and Roth accounts, I've never recharacterized yearly contribution losses. As I'm starting to learn about IRA to Roth Conversions, I am realizing this is harder to understand that I thought. Two Questions... What percentage of Bogleheads (Intelligent Do-it-Your...
by hawkfan55
Sat Nov 12, 2016 5:07 pm
Forum: Personal Finance (Not Investing)
Topic: Pension Decisions
Replies: 36
Views: 5478

Re: Pension Decisions

Hawk , this is a very individual decision based in large part on your unique circumstances as a couple and family ; maybe a discussion with your wife would be good at this point , and againnnnnnnnnnnnn Good Luck !!!! ubermax, I understand. I really appreciate all the information and am sure we'll m...
by hawkfan55
Fri Nov 11, 2016 6:16 pm
Forum: Personal Finance (Not Investing)
Topic: Pension Decisions
Replies: 36
Views: 5478

Re: Pension Decisions

ubermax and #Cruncher, Thank you for the effort and thoughtfulness both of you put into analyzing my choices. I have always considered myself financially above average from a knowledge standpoint, however, I don't feel confident in my ability to make this decision. Would you be willing to share your...
by hawkfan55
Wed Nov 09, 2016 4:42 pm
Forum: Investing - Theory, News & General
Topic: Today was an RBD ... [Really Bad Day]
Replies: 34
Views: 8558

Re: Today was an RBD ...

What is RBD? ..... Buying Day?
by hawkfan55
Wed Nov 09, 2016 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Pension Decisions
Replies: 36
Views: 5478

Re: Pension Decisions

If interest rates go up (bond values decline) and inflation rises during the next few years, how do you feel this would or should affect my imminent decision as to whether to accept the offer for a Lump Sum Pension verses taking non-cola annuity payments? If I accept the lump sum payment, I would in...
by hawkfan55
Tue Nov 08, 2016 7:44 pm
Forum: Personal Finance (Not Investing)
Topic: Pension Decisions
Replies: 36
Views: 5478

Re: Pension Decisions

I would bet that the 50% J&S option reduces after only your death but it could be upon the first death - let us know which it is, I'd be curious and I would think it would also impact your decision Ubermax, thank you. All of the J&S options reduce only after my death and last as long as my ...
by hawkfan55
Mon Nov 07, 2016 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: Pension Decisions
Replies: 36
Views: 5478

Re: Pension Decisions

was the defined benefit (DB) plan maintained by your former employer a traditional DB or was it a Cash Balance type plan ? Hi Ubermax, thank you for your help. Both of the pension plans are traditional defined benefit plans. was your benefit payable at 65 reduced for early commencement at ages of 6...
by hawkfan55
Sun Nov 06, 2016 9:23 pm
Forum: Personal Finance (Not Investing)
Topic: Pension Decisions
Replies: 36
Views: 5478

Re: Pension Decisions

Pension #2 Benefit Start Date: 12-01-2016: Lump Sum $141,468 OR $10,146/yr Life Annuity OR $9,344/yr 50% J&S OR $8,654/yr 100% J&S Pension #2 Benefit Start Date: 08-01-2017 Age 62: Lump Sum N/A $10,668/yr Life Annuity OR $9,792/yr 50% J&S OR $9,048/yr 100% J&S Pension #2 Benefit Sta...
by hawkfan55
Sat Nov 05, 2016 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: Pension Decisions
Replies: 36
Views: 5478

Re: Pension Decisions

The 100% Joint options appear to be the best and have a present value about $7,000 to $8,000 more than the lump sum. If you like this evaluation method and know your way around an Excel workbook, you can apply it yourself to pension # 1. #Cruncher, thank you for taking the time to look at my situat...
by hawkfan55
Sat Nov 05, 2016 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: Pension Decisions
Replies: 36
Views: 5478

Re: Pension Decisions

I have a similar problem to your situation #1. I am waiting to start my J & 100%S pension until age 70, but if i die in the meantime my wife only gets 50%. Hi Ralph, I have to start my pensions on or before age 65. My wife will only get 50% of the pension value at the time of my demise unless I...
by hawkfan55
Sat Nov 05, 2016 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: Pension Decisions
Replies: 36
Views: 5478

Re: Pension Decisions

Just need to know 1) The investment return you will get on a lump sum, and 2) When you will die after which the calculation is straightforward. :wink: Seriously, this decision will always involve some guesswork. If you believe inflation will run high, or your life expectancy low, the lump sum is th...
by hawkfan55
Sat Nov 05, 2016 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: Pension Decisions
Replies: 36
Views: 5478

Re: Pension Decisions

I think you should do whatever it takes to delay your own SS payment until 70 where it will be $41k/year. It has a 100% survivor benefit and will be your only income stream with a cola. If/when we get inflation again the cola will matter. Spend down some of your other accounts as needed to get ther...
by hawkfan55
Wed Nov 02, 2016 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: Pension Decisions
Replies: 36
Views: 5478

Re: Pension Decisions

There are at least a couple of ways you could approach this: 1) Go to http://www.immediateannuities.com and see what the market currently considers a fair trade between a lump sum and an annuity. 2) Go to rows 70-114 on the 'Misc. calcs' tab in the MMM case study spreadsheet and do some comparisons...
by hawkfan55
Tue Nov 01, 2016 6:37 pm
Forum: Personal Finance (Not Investing)
Topic: Pension Decisions
Replies: 36
Views: 5478

Pension Decisions

I just received a Pension "lump Sum" offer from a very stable mega corp I worked for in my earlier years. Can anyone help me make this decision from a financial point of view? Age: 61 me, 57 spouse Me: Self Employed, $80k in 2016, PT Retire in January 2017, Est. $40-50k, may work till DW r...

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