Search found 330 matches

by hulburt1
Fri Dec 14, 2018 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion No Brainer?
Replies: 19
Views: 952

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: 1364

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: 6856

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: 3433

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: 17400

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: 2856

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: Investing - Help with Personal Investments
Topic: 99% invested in stocks, bond recommendations please?
Replies: 19
Views: 2573

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: Investing - Help with Personal Investments
Topic: SIL - 25x vs firecalc
Replies: 39
Views: 4214

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: 5341

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: 12069

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: Investing - Help with Personal Investments
Topic: Vanguard Advisor suggesting 7 Bond funds for my 40%
Replies: 44
Views: 5494

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: 9586

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: 12069

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: Investing - Help with Personal Investments
Topic: Vanguard is requiring cell phone security codes - problem for international travel (UPDATE)
Replies: 65
Views: 4189

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: 12069

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: 5210

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: 5210

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: 5210

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: 7442

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: 5903

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: 2689

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: 2249

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: 1206

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: 2453

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: 4805

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: 12427

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: Investing - Help with Personal Investments
Topic: Want to be 100% in stock index funds ,
Replies: 31
Views: 3702

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 ...
by hulburt1
Fri Apr 13, 2018 11:13 am
Forum: Investing - Help with Personal Investments
Topic: Why am I even holding BND? It has only been losing me money.
Replies: 62
Views: 10398

Re: Why am I even holding BND? It has only been losing me money.

I'm 65 this week. 93% stock and 3 years living in cash no never bonds. I make $35000 in dividends which I put to cash if I get down to 2 years in cash.. I only want $1800 a month from my funds and cash.. I live on $2500 a month. No SS until 70. Wife has her own spend more then me.
by hulburt1
Sun Mar 11, 2018 1:39 am
Forum: Personal Finance (Not Investing)
Topic: Filed 2017 taxes electonically for FREE
Replies: 46
Views: 5610

Re: Filed 2017 taxes electonically for FREE

I did have to put everything in. It just put everything in place and check to see if everything was good. My son is going to use Karman tomorrow. Hope we don't share a cell.
by hulburt1
Sat Mar 10, 2018 6:01 pm
Forum: Personal Finance (Not Investing)
Topic: Filed 2017 taxes electonically for FREE
Replies: 46
Views: 5610

Re: Filed 2017 taxes electonically for FREE

I used Karma free to file. Printed it out and sent state in then Fed. State cashed the check. Fed I'm weighting. I had a very simple tax form. Did make 120000 but no right offs. Even did a Roth conversion. All forms looked good. If you don't heir from me My cell No. in Or. 2314 visiting days Sunday.
by hulburt1
Thu Feb 22, 2018 11:52 am
Forum: Investing - Theory, News & General
Topic: Retirees: The common sense withdrawal method
Replies: 168
Views: 20201

Re: Retirees: The common sense withdrawal method

This may seem strange but I'm 65 will take SS at 70 maybe. My plan is to die at 80 or so. I take my Ira and divide it by 15 years and that's what I can take out. If it's more then I need to spend I put the rest in my Roth. I do not look at using Roth until 70+ so here is what I get. Ira 1200000-divi...
by hulburt1
Sun Feb 11, 2018 9:42 am
Forum: Investing - Help with Personal Investments
Topic: Received 1099-R from Vanguard for Roth backdoor but not for mega backdoor (?)
Replies: 8
Views: 1117

Re: Received 1099-R from Vanguard for Roth backdoor but not for mega backdoor (?)

you need form 8606 vanguard does no do. I'm not the sharpest tool in the shed but I was able to feel it out. You can get on the internet.. Look at part 2 is what needs to be filled out.
by hulburt1
Wed Feb 07, 2018 8:28 am
Forum: Personal Finance (Not Investing)
Topic: IRS Form 8606 (Nondeductible IRAs)
Replies: 60
Views: 8973

Re: IRS Form 8606 (Nondeductible IRAs)

With vanguard I did a conversion Ira to Roth. They just sent me a 1099-r. I'm 64 and do take money out of my Ira weekly. They just put it all together.
Do I need a Form 8606? Total $32000 (Roth15000)
by hulburt1
Tue Feb 06, 2018 8:02 am
Forum: Investing - Help with Personal Investments
Topic: $1000 a month for life into a taxable account
Replies: 23
Views: 4468

Re: $1000 a month for life into a taxable account

I'm building up my Roth with my Ira. Plan is have about $240000 at 70 in 5 years. soo I will be taking out $2000 a month tax free. Plus SS with wife $4400 low tax. then the Ira will kick in a lot. I can live on just SS and Ira. The 2000 will be play time money most likely kids will get it.
by hulburt1
Tue Feb 06, 2018 7:22 am
Forum: Investing - Help with Personal Investments
Topic: Rebalance after today's drop?
Replies: 32
Views: 5120

Re: Rebalance after today's drop?

I'm 65 We lost $150000 in 2 days. My plan is the same. 97% in stocks..2 years cash. We made $500000 last year. My budget is that I like $60000 to live on for the year. We might slow down a little on spending and being debt free really makes that easy. We still have a back up plan not to take SS unti...
by hulburt1
Sun Feb 04, 2018 5:35 pm
Forum: Personal Consumer Issues
Topic: Flaunt Your High-Mileage Car
Replies: 433
Views: 57754

Re: Flaunt Your High-Mileage Car

72 vw ?
95 explorer 260000. I will be driven to the grave yard this week
04 civic 180000 will never stop I hope
02 vw 144000 going to the grave yard with the ford
just bought 18 Honda 1200 miles will have until 250000
by hulburt1
Sun Feb 04, 2018 5:28 pm
Forum: Investing - Help with Personal Investments
Topic: Retired at 50. Staying 100% in stock Index Funds. Anyone else?
Replies: 153
Views: 16917

Re: Retired at 50. Staying 100% in stock Index Funds. Anyone else?

I looked today. 97% stocks 3% cash. I've been retired for 10 years In those 10 years with little pension up 1.5m live on 60000. SS will give us 45000 in 5 years from now. If I we lost 50% we would still have more then we had 10 years ago. I'm at 2.5m and in the last 2 years have made 600000.
by hulburt1
Tue Jan 30, 2018 3:39 pm
Forum: Investing - Theory, News & General
Topic: Wow: Shiller PE is 34.52
Replies: 52
Views: 7190

Re: Wow: Shiller PE is 34.52

I only go by my gut. And we are not done. Been investing for 40 years my gut says stay and ride this horse for 3 years..
by hulburt1
Sun Jan 28, 2018 11:27 am
Forum: Personal Finance (Not Investing)
Topic: Who taught you about financial responsibility?
Replies: 107
Views: 8215

Re: Who taught you about financial responsibility?

My mom. Orphan at 14. Worked in the ship years ww2. My parent married at 18.
Mom never finished HS. Got into real estate at 45 and got her GED at 60. She has been gone for 20 years but I thank her everyday. She gave me a book Your last Dollar. On compounding interest. I'm at 3m now
by hulburt1
Sun Jan 28, 2018 10:02 am
Forum: Investing - Help with Personal Investments
Topic: Does anyone not rebalance?
Replies: 66
Views: 5919

Re: Does anyone not rebalance?

I'm 65 and at 98% stocks. If the stock market go down 30% this year I'm still up from my 33% last year. I don't have aa. I look at my last 3 years and have averaged up 25% a year. I'll play this game for a few more years. I love winning. up $130000 in 28 days that's 2 years of living.
by hulburt1
Fri Jan 26, 2018 10:03 am
Forum: Investing - Help with Personal Investments
Topic: Your bond allocation when you were 48
Replies: 125
Views: 7890

Re: Your bond allocation when you were 48

At 50 was 0 at 65 am 0.
Have cash for a year.
I'm 98% stocks and 2% cash
Will most likely never have bonds,
My cash is getting 1% the rest is at last year 33%
by hulburt1
Thu Jan 25, 2018 1:29 pm
Forum: Investing - Help with Personal Investments
Topic: facebook-Ira to Roth
Replies: 7
Views: 624

Re: facebook-Ira to Roth

yes..I'm 65 is this a wash rule?
by hulburt1
Thu Jan 25, 2018 12:55 pm
Forum: Investing - Help with Personal Investments
Topic: facebook-Ira to Roth
Replies: 7
Views: 624

facebook-Ira to Roth

Have Facebook in Ira and Roth. I'm thinking of selling some Ira Facebook and moving that money to my Roth then buy Facebook in Roth. I need to move money to Roth for the next 5 years before 70. will pay tax from another account. I'm I braking any rules?
by hulburt1
Mon Jan 22, 2018 12:50 pm
Forum: Investing - Help with Personal Investments
Topic: 401k v Roth 401k
Replies: 4
Views: 705

Re: 401k v Roth 401k

Are you asking for your son or for yourself? :happy

Why haven't you suggested the forum to your son?

Paul

For him.
He just started to see the light up to $30000..
Thanks
by hulburt1
Mon Jan 22, 2018 9:17 am
Forum: Investing - Help with Personal Investments
Topic: 401k v Roth 401k
Replies: 4
Views: 705

401k v Roth 401k

Son 31 makes 80000+
I have him max out 75% 401k and 25% in Roth
I'm thinking of having him go to 50/50.
company match 5%.
When I'm gone he will get 1.5m but that will be 20+year from now.
Not married If you know of a young girl let me know. :sharebeer
by hulburt1
Sat Jan 20, 2018 10:40 pm
Forum: Investing - Theory, News & General
Topic: Fear of dying with too much money?
Replies: 137
Views: 10219

Re: Fear of dying with too much money?

I've taken what I have and take that amount and divide 80 by it. That's when I think I'm going to die. So I have 15 years to live can spend about 100000 a year. If anything is left my wife and kids and our 2 cats get. Plus a house. Wife has her own money.
by hulburt1
Sat Jan 20, 2018 5:09 pm
Forum: Personal Finance (Not Investing)
Topic: Stats on When People Take Social Security
Replies: 198
Views: 17755

Re: Stats on When People Take Social Security

I'm running my own no. I will get 1500 from SS now but get 2000 if I wait untill 70.but I will need to take Ira money to make up that 5 years. SS will pay over those years and is mostley tax free at our state level of 10% pluse feds will be very low. with Medicard part b can be taken out and can not...
by hulburt1
Sat Jan 20, 2018 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: Tracking progress to $1M portfolio and no mortgage by 40
Replies: 96
Views: 25718

Re: Tracking progress to $1M portfolio and no mortgage by 40

For those that do not make the big buck you can still retire at a young age. Always pay cash. We paid off our hose when we where 35. We invested that money. no debt sense then. At 40 we worked part time. We loved our jobs and they were not our lives. Once you hit 1m it really go's up fast to 2m then...