Search found 297 matches

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: 805

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: 53
Views: 6110

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: 3827

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: 4355

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: 374
Views: 45447

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: 13513

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: 6279

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: 6830

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: 4586

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: 6029

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: 488

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: 488

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: 575

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: 575

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: 8302

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: 197
Views: 14354

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: 85
Views: 19137

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...
by hulburt1
Sat Jan 20, 2018 11:43 am
Forum: Personal Consumer Issues
Topic: Family Balance and Children's Athletics
Replies: 37
Views: 2561

Re: Family Balance and Children's Athletics

I coach at a local HS. Track and X-C. We charge 150 per sport but we make sure you can play if have no money. We have 14years that play club soccer and pay 400+per month travel+uniforms. I tell the families that say there kids is going to be a star and get a college scholarship that they are being s...
by hulburt1
Sat Jan 20, 2018 9:44 am
Forum: Personal Finance (Not Investing)
Topic: Stats on When People Take Social Security
Replies: 197
Views: 14354

Re: Stats on When People Take Social Security

I'm not the sharpest tool in the shed but I am in the shed. I have always planned on taking SS at 70. I'm 65 this year. Now I'm really thinking taking it now. If I take now I will get 1500, I'm taking 1800 out of my Ira) and moving about $25000 a year to Roth. If I take my ss I would not need to tak...
by hulburt1
Thu Jan 18, 2018 7:49 pm
Forum: Personal Finance (Not Investing)
Topic: Stats on When People Take Social Security
Replies: 197
Views: 14354

Re: Stats on When People Take Social Security

With Stocks going up. I can do a bigger Roth and use my Ira to live on also. If we get a bad hit. I will start using my SS and save my Ira. The SS is a good back up. I'm 65 and have 2.5m but live on 60000. I feel I'm in a good spot. If I die young wife will still be ok.
by hulburt1
Sun Jan 14, 2018 10:59 am
Forum: Personal Consumer Issues
Topic: Almost a pathological fear of debt, to my detriment?
Replies: 79
Views: 4694

Re: Almost a pathological fear of debt, to my detriment?

What if you had 50k in debt but an extra 50k in savings? You'd be in exactly the same position. Obviously if you had $50k in debt and blew it on something, different story. You see if you live debt free I was in you can sleep better. I knew that I could live on 1000 a month if I had to. not lose my ...
by hulburt1
Sun Jan 14, 2018 10:48 am
Forum: Personal Finance (Not Investing)
Topic: Do you correct cashier mistakes?
Replies: 41
Views: 2261

Re: Do you correct cashier mistakes?

I want a better reason to go to hell
by hulburt1
Sun Jan 14, 2018 10:38 am
Forum: Personal Finance (Not Investing)
Topic: Individual stocks in an IRA?
Replies: 9
Views: 533

Re: Individual stocks in an IRA?

have Facebook in Roth and Ira.
by hulburt1
Sun Jan 14, 2018 9:39 am
Forum: Personal Consumer Issues
Topic: Almost a pathological fear of debt, to my detriment?
Replies: 79
Views: 4694

Re: Almost a pathological fear of debt, to my detriment?

At 55 I was at work FedEx. As I was loading my truck something went in my hip. Missed 6 months Dr. said I had to go back to work. I could not. Here the choice work and be in pain 24hr a day or be done. If I had debt a car loan, house loan I would have been in very bad shape. I could not get SS becau...
by hulburt1
Sun Jan 14, 2018 9:29 am
Forum: Personal Finance (Not Investing)
Topic: Do you correct cashier mistakes?
Replies: 41
Views: 2261

Re: Do you correct cashier mistakes?

Yes..I was at Walmart had a 100 and pulled it out. but found a 10 so gave him that. We were talking. He gave me change for a 100. Told him about it and gave him the money back. Last night wife thought she left 2 bags of groceries back at the store. They had her come back and gave her what she left a...
by hulburt1
Sat Jan 13, 2018 9:10 am
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 408
Views: 32125

Re: What frugal thing did you do today?

I always buy my summer cloths at the end of summer and winter cloths at the end of winter. I always look poor when I go shopping. Sometimes I get a big discount. I went to a restaurant while I was traveling and someone tried to slip me a $5. Said his wife felt sorry for me. When I left I paid there ...
by hulburt1
Sat Jan 13, 2018 8:46 am
Forum: Personal Consumer Issues
Topic: Almost a pathological fear of debt, to my detriment?
Replies: 79
Views: 4694

Re: Almost a pathological fear of debt, to my detriment?

I've been in fear of debt all my life. But The reason I was able to retire at 55 was I had no debt. Had house paid off in 8 years that was 30 years ago. Paid cash for cars all bought new. I still have 4 cars all bought new all old now. Visa is paid off weekly. Live on 2500 and that's high on the hog...
by hulburt1
Mon Jan 08, 2018 9:41 am
Forum: Investing - Theory, News & General
Topic: Memo to those who have won the game: it's time to quit playing
Replies: 210
Views: 18182

Re: Memo to those who have won the game: it's time to quit playing

Thanks what to keep this for I have won the game 3 times over but I can not stop playing. Live on 60000 but have 2.5m and made 500000last year. I'm 65
by hulburt1
Sun Jan 07, 2018 1:24 pm
Forum: Investing - Theory, News & General
Topic: Memo to those who have won the game: it's time to quit playing
Replies: 210
Views: 18182

Re: Memo to those who have won the game: it's time to quit playing

I've won but I'm playing with house money. I'm at 2.5m. Can ride this up to 3m or down to 2m. I also have cash to take me to70 and then SS. I am sending money to Roth and taking out more this year because I made $500000 last year. Still live on 60000 and very happy. I'm 65 and keep and eye on this d...
by hulburt1
Sun Jan 07, 2018 9:00 am
Forum: Personal Finance (Not Investing)
Topic: Downsizing to one car in retirement...
Replies: 68
Views: 4152

Re: Downsizing to one car in retirement...

I'm 65 we have 5 cars. All old but run will not sell but will take it to junk yard some day. All are paid for age range 72 to 2018. Always bought new and ran into ground. We rent when we travel. When I buy new and pay $30000 I'm really looking at 20 years which meant about 1500 a year.
by hulburt1
Sun Jan 07, 2018 8:33 am
Forum: Investing - Help with Personal Investments
Topic: Another - Starting Social Security Question
Replies: 30
Views: 1967

Re: Another - Starting Social Security Question

If you have the money in your Ira to live on then don't take it. I'm moving money right now from my Ira to Roth. With the market doing so well and Tax's down my move is smart for us. If the market tanks then I will take it if we need it. SS is my back up. I'm 65 and w62. SS is our back up plan. We c...
by hulburt1
Sat Jan 06, 2018 12:58 pm
Forum: Investing - Help with Personal Investments
Topic: New tax plan-62 year old convert to Roth before RMD?
Replies: 31
Views: 2537

Re: New tax plan-62 year old convert to Roth before RMD?

A Roth would be better then having to pay some insurance company. What happened if you die. Does the insurance get your money.
by hulburt1
Sat Jan 06, 2018 9:53 am
Forum: Investing - Help with Personal Investments
Topic: New tax plan-62 year old convert to Roth before RMD?
Replies: 31
Views: 2537

Re: New tax plan-62 year old convert to Roth before RMD?

I've been moving money for the last 3 years. My goal is to keep 1m in Ira. for after 70. That will start with about 40000 a year to live on plus SS. My Roth will be my play money. I will slowly give it to my kids that are grate people and work hard. Yes your taxes will go up as the sewer creeps back...
by hulburt1
Fri Jan 05, 2018 1:54 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone tired of the stock market going up?
Replies: 309
Views: 30347

Re: Anyone tired of the stock market going up?

I like winning..If you don't I know why.
by hulburt1
Fri Jan 05, 2018 12:12 am
Forum: Investing - Theory, News & General
Topic: Hitting The Sell Button
Replies: 226
Views: 27165

Re: Hitting The Sell Button

I'm 65 this year. 97% in 500,totle,health, prim cape and 760000 in Facebook bought at$50. Made 500000 last year at 2.5m I'll ride this to 3m or 2m.. only need a million to live a happy life. Still can take SS and a pension. We live on 60000 very nice. I can't believe this is happening. I do have 2 y...
by hulburt1
Wed Jan 03, 2018 11:37 am
Forum: Personal Finance (Not Investing)
Topic: Social Security at age 62 perhaps?
Replies: 57
Views: 5069

Re: Social Security at age 62 perhaps?

I ran this off of bedrock- very interesting-I'm 65 this year wife 62. I'm at 2.5m and doing a lot of Roth. but now I'm not sure if that is the best way. Recommended Solution Based on the data above, the following plan of action is recommended: 1.k will file for her own benefit to start on 4/1/2018, ...
by hulburt1
Mon Jan 01, 2018 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: Ira to Roth-44000-4.5% tax
Replies: 9
Views: 1075

Re: Ira to Roth-44000-4.5% tax

All my other income will be taxed at 12%-22%. All said is that $60000 at 12%--$25000 to Roth-0--and 19000-10%.
by hulburt1
Mon Jan 01, 2018 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: Ira to Roth-44000-4.5% tax
Replies: 9
Views: 1075

Re: Ira to Roth-44000-4.5% tax

Thanks..
by hulburt1
Mon Jan 01, 2018 9:29 am
Forum: Investing - Theory, News & General
Topic: Vanguard glitch: don't contribute 2018 IRA now! [FIXED NOW]
Replies: 25
Views: 3568

Re: Vanguard glitch: don't contribute 2018 IRA now! [FIXED NOW]

I'm looking at putting44000 from Ira to Roth. I'm 65 and this move will only cost me 4.5% or $1900 in taxes. Everything else for the year I'll be at 12% tax.
by hulburt1
Mon Jan 01, 2018 9:24 am
Forum: Personal Finance (Not Investing)
Topic: Ira to Roth-44000-4.5% tax
Replies: 9
Views: 1075

Ira to Roth-44000-4.5% tax

I'm 65 this year. I was looking at putting 25000-Which would be 0 tax then 19000-10% tax from my Ira to Roth. That's about 4.5% tax. The rest of my income will be taxed at 12% to just a little at 22%. It just seems like a no brainer. I will live off of 100000 this year this includes my move to Roth....
by hulburt1
Fri Dec 29, 2017 1:22 pm
Forum: Investing - Help with Personal Investments
Topic: Decision on withdrawals
Replies: 13
Views: 491

Re: Decision on withdrawals

I work as a HS coach. track & x-c. I was never a teacher, worked for Fed-ex Will do that for ever. make about 10000 6 months a year.
by hulburt1
Fri Dec 29, 2017 12:44 pm
Forum: Investing - Help with Personal Investments
Topic: Decision on withdrawals
Replies: 13
Views: 491

Re: Decision on withdrawals

I'll be 65 next year. I have saved all my life. live on 60000 right now. but have 2.4m Ira, small pension. Will not take SS until 70. I'm looking at the numbers and I think I'm going to go up to 24% next year just for Roth. It's so hard working hard saving and giving up things then you see that you ...
by hulburt1
Tue Dec 26, 2017 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: Please Post Tax Bill Questions Here [was Tax Bill Omnibus Thread]
Replies: 886
Views: 51046

Re: Please Post Tax Bill Questions Here [was Tax Bill Omnibus Thread]

On SS should you still wait until 70? With tax's going up in 10 years. I'm 64 but with the low tax of 12%. I'm converting money to my Roth from my Ira.
SS-65-1500
70-2000

Roth will have about 300000 plus 2m Ira. At 70.
by hulburt1
Sun Dec 24, 2017 4:14 pm
Forum: Investing - Help with Personal Investments
Topic: 401k/Roth401k
Replies: 4
Views: 501

401k/Roth401k

My son makes 80000. lives at home. He's30
I have him in 15% in 401k and 5% in Roth. I'm thinking going to 10% Roth.
Can we do that without going over. That's 25% of 80000-in 20000. plus they match.
by hulburt1
Thu Dec 21, 2017 12:12 am
Forum: Personal Finance (Not Investing)
Topic: Please Post Tax Bill Questions Here [was Tax Bill Omnibus Thread]
Replies: 886
Views: 51046

Re: Tax Bill Omnibus Thread

I will save about 3000. I think it might be good to put more in a Roth from my Ira. I might take it up to the 22%. This going to be good for me. I have had my house paid off for 20 years. 24000 makes a big different. If they decide to change everything back. That Roth change will be a big thing.
by hulburt1
Tue Dec 19, 2017 11:28 pm
Forum: Personal Consumer Issues
Topic: US National Parks
Replies: 36
Views: 3185

Re: US National Parks

Hertz know that I take big trips. I have taken it to Canada 3 times. They are not making money on me but they hit people that show up at the airport, I'm already planning to rent cargo van and go to East Coast. For June its still 435. a month.
by hulburt1
Tue Dec 19, 2017 6:23 pm
Forum: Personal Consumer Issues
Topic: US National Parks
Replies: 36
Views: 3185

Re: US National Parks

Go on the internet and look for the best thing to do in that state. I also had some grate advice on here. Just ask what would you like me to see in your state. You will get 20+ answers. good luck have fun.