Search found 186 matches

by hawkfan55
Sun Dec 10, 2017 2:26 pm
Forum: Personal Consumer Issues
Topic: I am buying a car: Most/Least Reliable Makes?
Replies: 64
Views: 3353

Re: I am buying a car: Most/Least Reliable Makes?

I've have bought GM and Honda vehicles. By far, I've enjoyed the GM vehicles more, quieter and more comfortable. I've never had a breakdown with either. Just change oil every 5k miles and transmission fluid at 80k miles. Timing Belt on Honda at 100k miles. Cars are like opinions. Everyone has one. W...
by hawkfan55
Fri Dec 08, 2017 4:16 pm
Forum: Investing - Help with Personal Investments
Topic: Roth Conversion and/or Roth Contribution for those with Few Taxable Assets?
Replies: 7
Views: 818

Re: Roth Conversion and/or Roth Contribution for those with Few Taxable Assets?

First, I question if you are in the 15% tax bracket this year. Have you done a dry run of your taxes using tax software? (2016 software is close enough) We are in the 15% bracket with DW taxable income and my Rollover IRA Withdrawals for 2017. I've yet to get the 2017 TurboTax program, however, am ...
by hawkfan55
Thu Dec 07, 2017 6:18 pm
Forum: Investing - Help with Personal Investments
Topic: should I rollover a 457 to a roth this tax year
Replies: 5
Views: 308

Re: should I rollover a 457 to a roth this tax year

So, this would be a pretty good year to convert that.
+1
by hawkfan55
Thu Dec 07, 2017 4:46 pm
Forum: Investing - Help with Personal Investments
Topic: Roth Conversion and/or Roth Contribution for those with Few Taxable Assets?
Replies: 7
Views: 818

Re: Roth Conversion and/or Roth Contribution?

Hi Celia and FiveK, thank you for replying to my questions. It seems you may have $1.4M in retirement accounts (since 1.4M * 3.6% = 50K) but we don't know if that is all tax-deferred or a good part of it is Roth. We have 980k in tax deferred (r/o IRA and 403b), me @ 670k and DW @ 310k We have 415k i...
by hawkfan55
Thu Dec 07, 2017 1:59 pm
Forum: Investing - Help with Personal Investments
Topic: Roth Conversion and/or Roth Contribution for those with Few Taxable Assets?
Replies: 7
Views: 818

Re: Roth Conversion and/or Roth Contribution?

Those 13k you may contribute to a Roth will be taxed no matter what. Instead, you may chose not to tax your rollover IRA. Unless you have pressing needs to invest more than 13k in a Roth, I’d say the choice is straightforward Thesaints, thank you for your reply. We do not have pressing needs to con...
by hawkfan55
Thu Dec 07, 2017 1:24 am
Forum: Investing - Help with Personal Investments
Topic: Roth Conversion and/or Roth Contribution for those with Few Taxable Assets?
Replies: 7
Views: 818

Roth Conversion and/or Roth Contribution for those with Few Taxable Assets?

Edit: I'm changing the title of this thread to better describe who this thread may interest. This thread applies more to retirees in pre-retirement and early retirement who have saved primarily in tax deferred accounts (401k, 403b, Rollover IRA, tIRA), who are considering Conversion to tax free acco...
by hawkfan55
Mon Dec 04, 2017 5:52 pm
Forum: Personal Finance (Not Investing)
Topic: SUV Analysis Paralysis
Replies: 14
Views: 1274

Re: SUV Analysis Paralysis

I’d rather purchase new and keep it forever or buy used from family than buy a used with unknown past.
+1
by hawkfan55
Mon Dec 04, 2017 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage is About To Be Paid - I'm Scared!
Replies: 43
Views: 5614

Re: Mortgage is About To Be Paid - I'm Scared!

Heybro, sounds like you're goal oriented and making progress. Lots of things to save and spend money on. Are you married? Have a family? Do you contribute the maximum allowed dollars to retirement accounts? You'll want to keep your home investment in good shape so it keeps it's value. Your home may ...
by hawkfan55
Wed Nov 15, 2017 11:17 am
Forum: Investing - Help with Personal Investments
Topic: Going to College to become a Teacher - 19 Started Roth IRA.
Replies: 15
Views: 1269

Re: Going to College to become a Teacher - 19 Started Roth IRA.

Teaching has changed a lot in the past 20-30 years. In some states, teachers are not respected as the professionals they are! Public school teachers are essentially state employees and treated the same as snow plow drivers, state office building janitors, etc. Last year, the state legislature took a...
by hawkfan55
Wed Oct 18, 2017 11:57 am
Forum: Investing - Help with Personal Investments
Topic: Deciding between Roth TSP and Trad TSP
Replies: 26
Views: 1633

Re: Deciding between Roth TSP and Trad TSP

Make sure you are contributing not only to your TSP but also to your Roth IRA. At your age, I would contribute the max to your TSP with an allocation to both the Roth and Deferred accounts. Tax diversification is a good thing. Many BH end up converting deferred contributions into Roth accounts durin...
by hawkfan55
Tue Oct 17, 2017 10:42 pm
Forum: Personal Finance (Not Investing)
Topic: how long did it take to get used to retirement
Replies: 105
Views: 10342

Re: how long did it take to get used to retirement

In my 7th month of retirement. I'm not as busy as I would like to be, however, as each month goes by, retirement seems to feel a little more comfortable. I've decided that I'm not going to stress out and, instead, just let retirement come to me. I am happy not to have the stress of working for a liv...
by hawkfan55
Fri Sep 15, 2017 4:33 pm
Forum: Investing - Theory, News & General
Topic: Distressing news -> Flight to Safety ?
Replies: 75
Views: 7297

Re: Distressing news -> Flight to Safety ?

Is anyone willing to accept a loss in income of some 50 bps per year for three to six months maybe to establish a nice keg of dry powder. I thought about doing this for a few days... then realized that I would be trying to time the market. Your AA is the only thing you have control of so just make ...
by hawkfan55
Tue Sep 12, 2017 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: Estimated Taxes on IRA Withdrawals and Roth Conversions
Replies: 2
Views: 653

Estimated Taxes on IRA Withdrawals and Roth Conversions

My DW is employed and contributing $24,000 per year towards her tax deferred 403b account. Federal and State taxes are withheld from her compensation. I am four years older(62), retired and withdrawing from my tax deferred retirement account the balance needed to meet our living expenses. I withdrew...
by hawkfan55
Wed Jun 14, 2017 11:58 am
Forum: Personal Consumer Issues
Topic: Buying a House in Indy (Carmel Indiana)
Replies: 10
Views: 1361

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 I have fam...
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: 1045

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: 1045

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: 1045

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: 1045

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: 4628

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: 4628

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: 4628

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: 4628

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: 4628

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: 3149

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: 5017

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: 7850

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: 404

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: 10418

Re: Dealing with regret

Wow, I thought that I was the only one who had experienced investing regret!?! :wink: 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 through t...
by hawkfan55
Sun Apr 02, 2017 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: Florida prop taxes + insurance?
Replies: 23
Views: 1886

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: 13744

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: 618

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-offer/small-business/overview I have had an I401k and I401k Roth for ...
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: 21497

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: 2191

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: 2191

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: 2191

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: 2191

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: 2191

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: 10580

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: 866

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: 2250

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: 1124

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: 30566

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: 44
Views: 5045

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: 44
Views: 5045

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: 44
Views: 5045

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: 44
Views: 5045

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: 27050

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: 290

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: 4132

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.