Search found 351 matches

by hulburt1
Mon Jul 08, 2019 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: Divorce and pension/401k/IRA split
Replies: 31
Views: 2577

Re: Divorce and pension/401k/IRA split

Yours is yours and that that. If you wait too long she will get a lawyer and her new boy friend might want more then your wife. Meet with her this week and have a plan she will not reject. Get the papers in next Mon. You will be sorry if you try to take her back.
by hulburt1
Thu May 16, 2019 7:38 am
Forum: Investing - Theory, News & General
Topic: Did you buy the 600+ dip last week ?
Replies: 129
Views: 8432

Re: Did you buy the 600+ dip last week ?

When the market drops 15% I will do a Roth conversation. In Dec, I did one and felt it was a way to come out a head. I'm at 12% tax I exchanges my Ira S&P to My Roth S&P. About $30000. I have 4 years to 70 and I can see a real tax bite coming my way. :sharebeer
by hulburt1
Thu May 16, 2019 7:29 am
Forum: Personal Finance (Not Investing)
Topic: mechanics of paying taxes on a Roth Conversion
Replies: 26
Views: 1909

Re: mechanics of paying taxes on a Roth Conversion

I just have my part time job handed over. I have 70% fed. 30% state. I'm 66 and have been doing a Roth conversion for 4 years. about $30000 a year.
by hulburt1
Fri Mar 29, 2019 9:01 am
Forum: Investing - Theory, News & General
Topic: Conversion Strategy and a market drop
Replies: 24
Views: 1689

Re: Conversion Strategy and a market drop

1/2 did s%p from IRA to Roth it's up by 12%. For me it was a smart move. I do conversion evert year.
by hulburt1
Mon Mar 18, 2019 9:48 am
Forum: Personal Investments
Topic: The case for 100% equities
Replies: 199
Views: 13041

Re: The case for 100% equities

Ali said I always had a plan before a fight then I got hit.posting.php?mode=reply&f=1&t=275845#htt ... 1&t=275845#
by hulburt1
Sun Mar 17, 2019 10:50 am
Forum: Investing - Theory, News & General
Topic: That's enough for me in 2019
Replies: 790
Views: 80958

Re: That's enough for me in 2019

I have 1.2m. Live on about 2000 a month. I even save some of that. I'm 96% in total, sp and some other vanguard fund. I'm up to about 1500 a day right now. I'm 66 and go to bed and sleep very well. Read here everyday to get my entertainment. Live a simple life and stay with what makes you happy.
by hulburt1
Fri Feb 15, 2019 9:58 pm
Forum: Personal Finance (Not Investing)
Topic: Part time check all go's for tax's
Replies: 4
Views: 630

Part time check all go's for tax's

I'm 66 and work at a job that I would workfree. Work 3 month then off 3 months . I coach track and x-c My plan for me is to send 30% to state and 70% to feds from those checks. I hve a pension and Irs money monthly. I would not pay no tax's from them. I also put about 30000 into my Roth. Does this s...
by hulburt1
Sun Feb 03, 2019 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Conversion Being Taxed
Replies: 18
Views: 1432

Re: Backdoor Conversion Being Taxed

what is a non-deductible contributions.
by hulburt1
Sun Feb 03, 2019 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: 8606 ? [Is this IRS Form 8606 correct?]
Replies: 8
Views: 826

Re: 8606 ?

What is a non-deductible contributions.
by hulburt1
Sat Feb 02, 2019 4:41 pm
Forum: Personal Finance (Not Investing)
Topic: 8606 ? [Is this IRS Form 8606 correct?]
Replies: 8
Views: 826

Re: 8606 ?

I had no money to Ira. I'm 66 and took 100000 from Ira to live on paid tax's on that. and moved 30000 from My Ira to roth. That tax was piad by another account. Thanks
by hulburt1
Sat Feb 02, 2019 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: 8606 ? [Is this IRS Form 8606 correct?]
Replies: 8
Views: 826

Re: 8606 ?

I paid the tax's already from my saving. thanks
by hulburt1
Sat Feb 02, 2019 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: 8606 ? [Is this IRS Form 8606 correct?]
Replies: 8
Views: 826

8606 ? [Is this IRS Form 8606 correct?]

Very simple
I took 130000 from IRA-
100000for living
30000 to my Roth
do I put 100000 on line 7
on line 8 30000
9 130000

on line 16 30000
on line 18 30000
is that it. That's what I did last year. :sharebeer
Thanks
by hulburt1
Wed Jan 02, 2019 5:19 pm
Forum: Personal Investments
Topic: Drop Stocks Altogether: Age Dependent Decision?
Replies: 23
Views: 1678

Re: Drop Stocks Altogether: Age Dependent Decision?

As I was driving around today, I thought If I put all my stocks in MM at 2%. Being 66 and want 36000 a year to live on why not. That I could take out 3 times a month $1000 for 28 years, or $1000 every week for 20 years. I have not started SS which will be 2500 a month. I do have 1+m. I've been 95sto...
by hulburt1
Thu Dec 27, 2018 8:35 pm
Forum: Investing - Theory, News & General
Topic: Why stay the course? Why not sell all?
Replies: 68
Views: 7064

Re: Why stay the course? Why not sell all?

66 this next year. I do not know the market and the market does not know the market. 95% stocks....5% cash. 3 years ago I made 500000..thats $1000+ a day. market has dropped me down $150000. glad I stayed in the market the last 40 years. Live on 36000 a year. that 1/2m means I'm covered for 15 years...
by hulburt1
Wed Dec 26, 2018 7:19 pm
Forum: Personal Investments
Topic: Withdrawal phase - Monthly vs Annually in Retirement?
Replies: 28
Views: 2686

Re: Withdrawal phase - Monthly vs Annually in Retirement?

Every 7th,15,21I have money from my MM to my checking. If I don't need it I put in savings. If took out more then need I'll just stop the aromatics withdrew. I like having in a weekly pay check. I did not have any money taken out in Dec.
by hulburt1
Wed Dec 26, 2018 11:24 am
Forum: Investing - Theory, News & General
Topic: Who's buying today? where's all the "dry powder" folks at? :)
Replies: 255
Views: 24198

Re: Whose buying today? where's all the "dry powder" folks at? :)

I'm 95% stock. If I had the cash I would buy Facebook. I bought at 50 sold at 160 would buy but don't want to sale any mutual funds.
by hulburt1
Sat Dec 22, 2018 8:28 pm
Forum: Investing - Theory, News & General
Topic: Percentage of Net Worth in Equities
Replies: 23
Views: 1973

Re: Percentage of Net Worth in Equities

65----95% stock 5% cash which is 2 years of living. Will take SS when I'm 70 or feel like I've lost to much in stock. 45 years investing no bonds.
by hulburt1
Fri Dec 21, 2018 12:47 pm
Forum: Personal Investments
Topic: Is anyone's portfolio not tanking???
Replies: 129
Views: 13557

Re: Is anyone's portfolio not tanking???

down 250000 this year. but over the last 3 years up 3/4m so I'm good. I'm 66 and still sticking with 95% market. :sharebeer
by hulburt1
Fri Dec 21, 2018 12:42 pm
Forum: Personal Investments
Topic: Another newbie investor who's feeling the pain and would like advice
Replies: 46
Views: 5646

Re: Another newbie investor who's feeling the pain and would like advice

66 95% in market lost 250000 but it will come back. 3 years ago made 1/2m. just stay out of debt.
son 32 is so happy the market is down he is buying cheap 401k total market twice a month.
by hulburt1
Mon Dec 17, 2018 8:36 am
Forum: Personal Finance (Not Investing)
Topic: Understanding SS Survivor Benefit?
Replies: 4
Views: 537

Re: Understanding SS Survivor Benefit?

I'm 65 if I take SS at 66 my wife is 62 and does not take SS until 70 but dies at 64. When I hit 70 could I get what she would get if she was alive at 70. Or would it only be what she would get ay 66. or none of the above. She will get more then me at 66 and 70 if she is alive.
by hulburt1
Sat Dec 15, 2018 5:43 pm
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion No Brainer?
Replies: 40
Views: 2100

Re: Roth Conversion No Brainer?

Would it be ok to have our cash in a Roth 3-4 years, I'm taking out 3000 a month from Ira but only using about 1500 the rest is going into banking a 0%. I'm thing about putting 3000 monthly to Roth then take what I need. I'm 66 not taking SS until 70. Have 2.2 m I also put in$30000 in Roth each year...
by hulburt1
Fri Dec 14, 2018 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion No Brainer?
Replies: 40
Views: 2100

Re: Roth Conversion No Brainer?

I thank you all with these in sight on Conversion. at 66 I'm retired have 2m. I do not take SS. How do you look at Roth and taking SS.
I put in $30000 to Roth. I'm at 12% tax right now.
by hulburt1
Wed Dec 12, 2018 10:36 am
Forum: Personal Consumer Issues
Topic: Replacing a gas furnace and electric AC: when and how much?
Replies: 25
Views: 1560

Re: Replacing a gas furnace and electric AC: when and how much?

mine is 25 going to replace next week air and heat 6500. I feel good about this. It is starting die. don't want to wake up and need a know one with a foot of snow out side. If the next one go's 25 years I'll have paid $230 a year for the unit. I'll also be 90 years old.
by hulburt1
Tue Oct 30, 2018 9:39 am
Forum: Investing - Theory, News & General
Topic: 401k down 8% this month
Replies: 58
Views: 7007

Re: 401k down 8% this month

I always look at the last 5 year average. I'm up 13% so losing some now is not a big thing. You should have a plan for times like this year, I will not sell stock until I use up my 2 years cash and then I might look at SS. That's why I did not take SS at 62 or 65 and will take at 70. I'm happy at 95...
by hulburt1
Sat Oct 27, 2018 8:26 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Tax Hump vs. Tax Torpedo
Replies: 25
Views: 3679

Re: Social Security Tax Hump vs. Tax Torpedo

It's hard to pay the tax's now with using a Roth but I know in 4 years it will pay off. Would you move lets say $50000 from S&P IRA to S&P Roth and have your cash in IRA that you live on for the year. Or everything that you need to the Roth at the start of the year and take out as needed from Roth. ...
by hulburt1
Thu Oct 25, 2018 11:44 am
Forum: Investing - Theory, News & General
Topic: Why I'm 100% stocks
Replies: 149
Views: 18967

Re: Why I'm 100% stocks

I'm 65 I have 1 1/2 years of living in money market. Rest in stock funds. At the end of the year I will look at what I made this year in my money fund and move to MM. I will use SS if there is a big lost after my MM is used up or at 70. No debt I buy avenger's not stuff.
by hulburt1
Wed Oct 17, 2018 9:15 am
Forum: Personal Finance (Not Investing)
Topic: Social Security [impact of earnings on benefits]
Replies: 29
Views: 2893

Re: Social Security [impact of earnings on benefits]

I look everyday to see what information I get from you all. SS is growing and my IRA is up 14% over the last 5 years. With only taking out 2% My Ira is up 12% and my SS is growing at about 8%. I'm 65 and going to look at the no. monthly. If the stock market go's down by 25% I still made good money o...
by hulburt1
Fri Sep 28, 2018 8:21 am
Forum: Personal Investments
Topic: 99% invested in stocks, bond recommendations please?
Replies: 19
Views: 2625

Re: 99% invested in stocks, bond recommendations please?

I'm 65 and I'm 95 stocks. 5% mm fund its at 2.15% and will go up. No bonds for me. 43 years of stock funds and at 3m right now.
by hulburt1
Wed Sep 26, 2018 7:21 am
Forum: Personal Investments
Topic: SIL - 25x vs firecalc
Replies: 39
Views: 4379

Re: SIL - 25x vs firecalc

My sister is in some what the same boat. She knows nothing about money and had cancer 4 years ago. I just had her move in with me.
cancer and divorce will kill big dreams you had for 62. She lived on 150000 a year now its at 36000.
by hulburt1
Sun Sep 23, 2018 7:52 pm
Forum: Personal Finance (Not Investing)
Topic: Delaying SS? How Long It Will Take for It to Pay Off?
Replies: 53
Views: 5439

Re: Delaying SS? How Long It Will Take for It to Pay Off?

If I take at 70 I will get 6000 a year more then if I take at 66, next year. But it's all in a IRA so I pay tax on what I take out now. I also do a Roth of about 35000. I'm just asking a dumb question. Does it make sense to take SS now about 18000 and just send in as taxes and move my IRA to Roth of...
by hulburt1
Thu Sep 20, 2018 2:45 pm
Forum: Investing - Theory, News & General
Topic: Age in Bonds - Still Recommended?
Replies: 152
Views: 12651

Re: Age in Bonds - Still Recommended?

Don't take SS use it as a bond fund. At 65 I've been in all the ups and downs. 3 years ago I made 1/2m. But live on 36000 a year. I'm 5% cash that will get me 2+ years. At the end of the year I will take one year out of my stock fund and put it into cash for next year. I live very happy I just have ...
by hulburt1
Sun Sep 16, 2018 11:02 pm
Forum: Personal Investments
Topic: Vanguard Advisor suggesting 7 Bond funds for my 40%
Replies: 44
Views: 6463

Re: Vanguard Advisor suggesting 7 Bond funds for my 40%

Why bonds. In the last 10 years what would you have made. I'm 5% mm and 95% in stocks In the last 10 years I'm up 15% per year.
by hulburt1
Sun Sep 16, 2018 8:35 am
Forum: Personal Finance (Not Investing)
Topic: Delaying Social Security Until 70
Replies: 115
Views: 10071

Re: Delaying Social Security Until 70

So as I understand that I could take my SS at 66. My wife is younger by 3 years and has a bigger ss coming. If she plan on taking at 70 but dies on the way. At my 70 I can switch to her SS that she would get at 70.
by hulburt1
Fri Sep 14, 2018 1:55 pm
Forum: Investing - Theory, News & General
Topic: Age in Bonds - Still Recommended?
Replies: 152
Views: 12651

Re: Age in Bonds - Still Recommended?

If you need bond do it. I'm 95% stock funds..5% cash. SS is my bond fund. I do not use % I use cash I want 35000 a year So I have 70000 cash for 2y. I'm65 have 1m+in stocks.
by hulburt1
Fri Sep 14, 2018 11:21 am
Forum: Personal Investments
Topic: Vanguard is requiring cell phone security codes - problem for international travel (UPDATE)
Replies: 65
Views: 5351

Re: Vanguard is requiring cell phone security codes - problem for international travel (UPDATE)

I do my sisters IRA for her only check it once a week. I live in Oregon she might live in Texas. How this work? She has her own computer I use mine to get to her account.
by hulburt1
Fri Sep 14, 2018 11:03 am
Forum: Investing - Theory, News & General
Topic: Age in Bonds - Still Recommended?
Replies: 152
Views: 12651

Re: Age in Bonds - Still Recommended?

65 old..I'm 95% in stocks and 5% cash. No SS yet. Will take SS when stock market go's down and I've used up my cash. I'll sleep well until stocks go down 20% cash is gone then I'll take SS. No bonds ever.
by hulburt1
Tue Sep 04, 2018 6:51 pm
Forum: Personal Finance (Not Investing)
Topic: Time to look at SS [When should I take Social Security?]
Replies: 55
Views: 5415

Re: Time to look at SS

I think I put the no. in right. As I read wife take at 62 and I take spouse at 66. Your Information Marital statusSingleMarriedDivorcedWidow(er) GenderMaleFemale Date of birth12345678910111212345678910111213141516171819202122232425262728293031192519261927192819291930193119321933193419351936193719381...
by hulburt1
Tue Sep 04, 2018 6:30 pm
Forum: Personal Finance (Not Investing)
Topic: Time to look at SS [When should I take Social Security?]
Replies: 55
Views: 5415

Re: Time to look at SS

Thanks..I'm Hulburt not the famous Hulbert.
by hulburt1
Tue Sep 04, 2018 9:55 am
Forum: Personal Finance (Not Investing)
Topic: Time to look at SS [When should I take Social Security?]
Replies: 55
Views: 5415

Time to look at SS [When should I take Social Security?]

I'm 66 next year. I do not need the money but I'm thinking it's time to take SS. I'll get 1500 if wait 2000 a month 70. Wife is 62 will get 2500 at 70. Should I take my SS. and if she dies I would get her 2500 at 70? I'm moving $40000 a year to Roth. I could put more in Roth If used SS to live off o...
by hulburt1
Mon Aug 06, 2018 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to lose $200 in taxable income?
Replies: 96
Views: 7634

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

I had to put 4000 in my IRA to lower my tax to get health care.
by hulburt1
Sat Aug 04, 2018 8:42 pm
Forum: Personal Finance (Not Investing)
Topic: Comfort level with Credit Card Balance
Replies: 86
Views: 6017

Re: Comfort level with Credit Card Balance

I'm 65 and have never paid interest on a card
by hulburt1
Sat Jul 07, 2018 6:57 am
Forum: Personal Consumer Issues
Topic: Baseball simulator games (e.g., Strat-o-Matic, etc)
Replies: 22
Views: 3040

Re: Baseball simulator games (e.g., Strat-o-Matic, etc)

At 10 I bought my first Strat-O-Matic, At 65 I have 500 different teams but do not play.
I fell in love with otbp.
Its more fun then playing with then cards.
you can hide otbp when some one coming to see what I'm doing. I'm playing right now.
by hulburt1
Sun Jun 17, 2018 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security advice needed
Replies: 28
Views: 2325

Re: Social Security advice needed

If you take 18000 a year from your IRA you can live 34 years. Take out 24000 and live for 26 years at 2000 a month. you will not have any tax's so at 70 you could have 2000 ira, ss about 3500 a month. so you could have 5500 a month. You can always take SS but can't stop it once you take it.. Your Ir...
by hulburt1
Wed Jun 06, 2018 9:49 am
Forum: Personal Finance (Not Investing)
Topic: Sister just Divorce after 38 years SS ?
Replies: 7
Views: 1263

Sister just Divorce after 38 years SS ?

Sister is 62 never really worked. Has no income but sold 4 houses and have some money. She asked SS if she can take her husbands SS. She was told by a lawyer doing the divorcé that she could get half. But SS told her she would get $700 from hers and $300 from ex. Her ex gets about 2600 a month he's ...
by hulburt1
Tue Jun 05, 2018 7:47 am
Forum: Personal Finance (Not Investing)
Topic: Might one take social security before 70 because you would hit total family benefits earlier?
Replies: 32
Views: 2516

Re: Might one take social security before 70 because you would hit total family benefits earlier?

This seems wrong take a look. Wife will get 2400 at 70 but they say she should take at 62.4 We are planning on takeing at 70 both of us. But maybe we should look at this. Advanced Options Your Information Marital statusSingleMarriedDivorcedWidow(er) GenderMaleFemale PIA Your primary insurance amount...
by hulburt1
Mon Apr 30, 2018 3:02 pm
Forum: Personal Consumer Issues
Topic: Must See in South Dakota
Replies: 58
Views: 5390

Re: Must See in South Dakota

Get on the internet and have a some information sent to you. Mount Rushmore is a must, I like to travel and camp so I'm going to camp for 4 days in the back roads.
by hulburt1
Mon Apr 23, 2018 8:27 pm
Forum: Personal Consumer Issues
Topic: Nomadic lifestyle in their 50s
Replies: 101
Views: 14047

Re: Nomadic lifestyle in their 50s

I'm doing it now. I have my house, wife will not go and my 31 year old son who live with us. I'm gone foe 3 months this summer and will come back for a job I love. Then in Nov. I'm heading south then east Stay in national parks for $10 a night with electricity. Spend about $50 a day gas and food, ca...
by hulburt1
Sun Apr 22, 2018 11:05 am
Forum: Personal Investments
Topic: Want to be 100% in stock index funds ,
Replies: 31
Views: 4298

Re: Want to be 100% in stock index funds ,

I'm 65 and right now 93% in stock...rest in cash which is in MM. That's enough to cover 3 years. At the end of the year I take 10% from my profit for the year and dividend and put it in MM. I'm not taking SS until 70, I'm using it as a back up if stocks take a big dive. I'm more concerned on what I ...