Search found 582 matches

by Globalviewer58
Fri Nov 20, 2020 8:30 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone spending less in retirement to delay taxes?
Replies: 51
Views: 3366

Re: Anyone spending less in retirement to delay taxes?

Have you tried scenarios in I-orp.com, Optimal Retirement Planner, to see what tax levels you can expect based on 1) no Roth conversions 2) convert 25% of accounts to Roth 3) convert 50% of accounts to Roth, etc. These scenarios on the Advanced version of I-orp can be instructive to forecast future ...
by Globalviewer58
Tue Nov 17, 2020 9:03 am
Forum: Personal Investments
Topic: IRA to Roth conversion, taking a huge tax hit
Replies: 38
Views: 3128

Re: IRA to Roth conversion, taking a huge tax hit

You might reconsider the significance of taking a 35% tax hit by comparing it to the tax rate you expect in retirement. Let’s say your retirement tax rate is projected at 25%. In essence you are losing only 10% to “excess” taxes by making the conversion while at an elevated income level.
by Globalviewer58
Sat Nov 07, 2020 8:26 pm
Forum: Personal Investments
Topic: About to retire- Asset Allocation
Replies: 19
Views: 1503

Re: About to retire- Asset Allocation

Spending $192,000 per year currently with a gross income of $175,000 and invested assets of $3,000,000 may require big adjustments when your spouse retires. Are her retirement assets included in the $3,000,000? If you adjust the 4% rule to 3% for taking early retirement, you could withdraw $90,000 p...
by Globalviewer58
Mon Nov 02, 2020 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: Lost my job - COBRA question
Replies: 42
Views: 3380

Re: Lost my job - COBRA question

The insurance agent that handles the policy should continue to be a resource to you when you convert to COBRA coverage. if you need their contact information you can ask the HR contact to provide. Have a discussion with the agent or their staff member handling COBRA enrollees.
by Globalviewer58
Fri Oct 30, 2020 12:56 pm
Forum: Personal Consumer Issues
Topic: What to replace two wine fridges with?
Replies: 20
Views: 1201

Re: What to replace two wine fridges with?

If you plan to keep the existing cabinets you might be able to locate the manufacturer to determine what options they offer to create fill-in cabinets to match. We have condenser style wine fridges with low temp range about 45 F and fill them with wine. Not aware of other useful applications for the...
by Globalviewer58
Thu Oct 15, 2020 10:23 am
Forum: Personal Finance (Not Investing)
Topic: Considering relocation to Connecticut, seeking general relo advice
Replies: 44
Views: 3604

Re: Considering relocation to Connecticut, seeking general relo advice

Here’s a link to Cost of Living comparison. Others may post about culture, climate and quality of life issues.

https://www.bestplaces.net/cost-of-livi ... d-ct/95000
by Globalviewer58
Thu Oct 15, 2020 10:13 am
Forum: Personal Investments
Topic: Managing Parents' Retirement After Dementia Diagnosis
Replies: 27
Views: 2795

Re: Managing Parents' Retirement After Dementia Diagnosis

Sorry to learn of your father’s diagnosis and hope you will be blessed with the patience and wisdom to continue to share his life as his disease progresses. One area you might ask the advisor to review is the tax consequence of converting your father’s existing IRA accounts to Roth accounts with the...
by Globalviewer58
Fri Oct 02, 2020 7:49 pm
Forum: Personal Consumer Issues
Topic: Feedback/Tips -Texas to Grand Canyon to Utah and Back
Replies: 26
Views: 1541

Re: Feedback/Tips -Texas to Grand Canyon to Utah and Back

You might drill down on specific sights and unique character of each park. Your drive is ambitious once you see how much is available at each park. The Grand Canyon is an amazing sight from the Rim. Hiking down into the canyon takes some time and gives other perspectives. As for the Utah parks, the ...
by Globalviewer58
Thu Oct 01, 2020 8:37 pm
Forum: Personal Investments
Topic: 401k - old employer risks
Replies: 21
Views: 1486

Re: 401k - old employer risks

You should review transaction history to see if all of the wage deferrals and any match have posted to the account. You could reduce risk of major decline while in the rollover process by changing existing 401k to low risk fund and then make a new fund selection after the rollover is complete.
by Globalviewer58
Tue Sep 29, 2020 10:02 pm
Forum: Personal Consumer Issues
Topic: Starting a Vineyard
Replies: 30
Views: 2949

Re: Starting a Vineyard

I have not started or operated a vineyard. What I have seen are results based on soil, micro-climate, grape selection and wine making experience. Visit the area you want to have a vineyard. Talk to the locals, look at the successful operations and the not so successful operations. One example we rev...
by Globalviewer58
Sun Sep 27, 2020 9:11 pm
Forum: Personal Consumer Issues
Topic: iPhone 11 - Anyone get a dud camera?
Replies: 17
Views: 1185

Re: iPhone 11 - Anyone get a dud camera?

You should invest 5 minutes in the iPhone 11 camera tutorial video on YouTube. Ours takes photos beyond any pro camera we own.
by Globalviewer58
Sat Sep 26, 2020 5:00 pm
Forum: Personal Consumer Issues
Topic: Hiring a Security Guard Agency
Replies: 30
Views: 2502

Re: Hiring a Security Guard Agency

Search for residential security agency in your area and ask for quotes, references and liability insurance coverage. You may consider an unarmed guard who is trained to contact local police if situation is beyond their level of control. Unarmed guard is less costly and can use a video camera to docu...
by Globalviewer58
Tue Sep 08, 2020 7:09 pm
Forum: Personal Consumer Issues
Topic: Very slow shower drain, plumber couldn't fix, ideas? - Update
Replies: 77
Views: 6373

Re: Very slow shower drain, plumber couldn't fix, ideas?

When this happens in my drain I know it is time to have a root auger down the sewer line. The plumber pulls the commode in the basement and runs a power snake with a cutting tool all the way to the street. Be aware that pricing for this service is highly variable. First time I used Roto-Rooter and p...
by Globalviewer58
Mon Sep 07, 2020 8:08 pm
Forum: Personal Investments
Topic: How much capital gains?
Replies: 16
Views: 1276

Re: How much capital gains?

Were all shares purchased in one lot or more than one lot?
by Globalviewer58
Thu Sep 03, 2020 5:54 pm
Forum: Investing - Theory, News & General
Topic: What does the term lock in gains mean?
Replies: 5
Views: 427

Re: What does the term lock in gains mean?

Lock in gains means you sell to realize the gain.

In your example of an $800 investment gaining 25% to a value of $1,000 you would realize a gain of $0.20 for each $1.00 sold.
by Globalviewer58
Thu Aug 20, 2020 9:47 pm
Forum: Investing - Theory, News & General
Topic: Schwab: How Do You Recognize Financial Abuse?
Replies: 2
Views: 639

Re: Schwab: How Do You Recognize Financial Abuse?

While it is an excellent idea to understand your future partner’s financial goals and habits, I would not turn over finances before the merger (marriage). Does your son have any history of poor financial discipline? If not then he may want to retain control of his financial accounts and create a joi...
by Globalviewer58
Tue Aug 18, 2020 12:14 pm
Forum: Personal Investments
Topic: Starting over
Replies: 22
Views: 3016

Re: Starting over

Be certain to keep records of your basis before the transfer process is started. This data is critical to properly calculate and report gain and loss on each lot. You can save some time in the future by turning off the dividend reinvestment on each of the funds and direct the distributions to the se...
by Globalviewer58
Sun Aug 16, 2020 5:48 am
Forum: Personal Consumer Issues
Topic: buying a car every year for almost no money
Replies: 61
Views: 10451

Re: buying a car every year for almost no money

Are you including state and local sales tax, title fee and license in your figures? I see CA charges 7.5% state sales tax on value before rebates and incentives with another 2.5% local tax possible.
by Globalviewer58
Fri Aug 14, 2020 11:34 am
Forum: Personal Consumer Issues
Topic: Outdoor Winter Car Storage Advice Please
Replies: 14
Views: 863

Re: Outdoor Winter Car Storage Advice Please

Peppermint oil will be a short term deterrent. Once the oil evaporates the mice will make themselves comfortable in the engine compartment and try to find a way to the interior. I returned from a 3 week absence and found a mouse nest in the engine compartment. Car was parked outside at a transit ter...
by Globalviewer58
Wed Aug 12, 2020 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: Prices Not Pulling on Google Sheets
Replies: 9
Views: 728

Re: Prices Not Pulling on Google Sheets

My Googlesheets formula to pull price is =GOOGLEFINANCE(A1, “price”), where A1 is the ticker symbol. This does not work for money market funds but otherwise all prices update the following day. The workaround for money market is to enter $1.00 as price.
by Globalviewer58
Tue Aug 11, 2020 6:37 pm
Forum: Investing - Theory, News & General
Topic: Roth Conversions Considering Taxes
Replies: 8
Views: 859

Re: Roth Conversions Considering Taxes

IRS Form 8960 shows the calculations in a straightforward fashion. Sum your investment income items. Compare AGI to your threshhold. Apply 3.8% to lesser of investment income or the amount your AGI exceeds the applicable threshhold. The result of the calculation is not dependent on the sequence you ...
by Globalviewer58
Thu Aug 06, 2020 6:55 am
Forum: Personal Consumer Issues
Topic: trex or redwood for large deck replacement
Replies: 19
Views: 1790

Re: trex or redwood for large deck replacement

It would be wise to review framing spec and installation detail for posts and railings with Trex. The typical wood deck allows posts mounted outside the rim joist whereas Trex post must be attached inside the rim joist. The inside attachment means you lose about 6” of width on each side of a stairwa...
by Globalviewer58
Sun Jul 26, 2020 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Driveway On Neighbor's Land
Replies: 139
Views: 4687

Re: Land Border Issues & Aggressive Neighbor - Help Wanted Please

You could rent a concrete saw to cut a slot in the concrete driveway and then break off along the slot the 10 SF encroaching on the neighbors land. Let your neighbor know when your driveway modification is complete and let him know you are no longer using his land. You could acknowledge in writing t...
by Globalviewer58
Sun Jul 26, 2020 9:46 am
Forum: Investing - Theory, News & General
Topic: How did you determine risk tolerance?
Replies: 106
Views: 6427

Re: How did you determine risk tolerance?

A Risk Tolerance Questionnaire gives an academic view but market gyrations reveal your true comfort or anxiety during the big contractions and hopeful recoveries. Here’s a Questionnaire link to IFA https://www.ifa.com/survey/?gclid=CjwKCAjw0_T4BRBlEiwAwoEiAUQc087nFwgTH4Irna8_88dX0mOXuAqRqaEAbXXKNurW...
by Globalviewer58
Fri Jul 24, 2020 8:03 am
Forum: Personal Finance (Not Investing)
Topic: 401k salary income limit - I'm told that timing matters
Replies: 5
Views: 1288

Re: 401k salary income limit - I'm told that timing matters

The 401k Plan document contains the details on when salary deferrals end. The IRS allows deferrals to continue beyond the $285k max but the Plan may limit deferrals once earnings reach the max allowed compensation for the year. See details here https://www.irs.gov/retirement-plans/401k-plans-deferra...
by Globalviewer58
Mon Jul 20, 2020 3:38 pm
Forum: Personal Investments
Topic: Does it make sense to convert Trad to Roth at this point?
Replies: 14
Views: 1162

Re: Does it make sense to convert Trad to Roth at this point?

The free extended version of Optimal Retirement Planner Is a useful tool to see what total Federal and State income taxes and IRMAA adjustments you will expect to pay based on various scenarios. You might try the do nothing scenario, convert to top of 12% bracket as a 2nd scenario, convert to top of...
by Globalviewer58
Tue Jul 14, 2020 7:45 pm
Forum: Personal Consumer Issues
Topic: Non slip bathroom flooring
Replies: 21
Views: 1193

Re: Non slip bathroom flooring

You can apply a one-time treatment to ceramic tile to make it non slippery. We used on the tile entry and floor from swimming pool to restroom. Look on Amazon for this type of item. Test in an inconspicuous area. Ours has lasted > 5 years so far.
by Globalviewer58
Mon Jul 13, 2020 10:04 pm
Forum: Personal Finance (Not Investing)
Topic: Question - Reloc to TX
Replies: 105
Views: 8120

Re: Question - Reloc to TX

https://www.ftb.ca.gov/forms/2019/2019- ... cation.pdf See pages 4 and following to understand how to establish your change of residency for income tax purposes. Getting a TX drivers license, registering your cars, etc.
by Globalviewer58
Tue Jun 30, 2020 7:29 pm
Forum: Personal Consumer Issues
Topic: Renting an RV for the first time. Any advice?
Replies: 53
Views: 3505

Re: Renting an RV for the first time. Any advice?

Check out YouTube for how to videos on leveling, filling water tank, connecting to power, emptying sewage tank. These can be helpful for the daily life of managing your self contained house on wheels.
by Globalviewer58
Mon Jun 29, 2020 3:41 pm
Forum: Personal Consumer Issues
Topic: Cost of Adding a Sprinkler Head to an Existing Zone
Replies: 9
Views: 924

Re: Cost of Adding a Sprinkler Head to an Existing Zone

In the Midwest it cost about $100 per hour labor plus parts which may add another $20. My experience is the task is about $120.
by Globalviewer58
Mon Jun 29, 2020 3:41 pm
Forum: Personal Consumer Issues
Topic: Cost of Adding a Sprinkler Head to an Existing Zone
Replies: 9
Views: 924

Re: Cost of Adding a Sprinkler Head to an Existing Zone

In the Midwest it costS about $100 per hour labor plus parts which may add another $20. My experience is the task is about $120.
by Globalviewer58
Mon Jun 29, 2020 1:48 pm
Forum: Personal Consumer Issues
Topic: Thinking about joining Air National Guard at 31 years
Replies: 94
Views: 6214

Re: Thinking about joining Air National Guard at 31 years

Here’s a link to a website describing US Air Force commissioned officer roles. https://www.thebalancecareers.com/united-states-air-force-officer-job-descriptions-3356686 Which roles are you qualified for or interested in pursuing? Have you identified specific Air Force Reserve or Air National Guard ...
by Globalviewer58
Sun Jun 28, 2020 2:21 pm
Forum: Personal Consumer Issues
Topic: I'm Buying a Boat...
Replies: 112
Views: 7724

Re: I'm Buying a Boat...

I would pay cash. I see your AA 80 % Investments, 20% Equity but wonder if the 20% is actually Bonds. If so, take from your Emergency Fund and Bonds or Stocks.

seaRay continues to do well in the recreational marine segment but closed the yacht and sporting yacht biz.

Enjoy your boat!
by Globalviewer58
Thu Jun 18, 2020 4:52 pm
Forum: Personal Finance (Not Investing)
Topic: Question about Roofing quote
Replies: 11
Views: 778

Re: Question about Roofing quote

Attic ventilation uses intake and exhaust to allow hot, moist air to escape the attic. The quote shows box vents. Has the contractor inspected the intake vents to determine whether these are adequate? In 2012 the International Residential Building Code was changed to require up to 50% of attic venti...
by Globalviewer58
Thu Jun 18, 2020 4:31 pm
Forum: Personal Finance (Not Investing)
Topic: Can i make a large Roth conversion using HELOC?
Replies: 13
Views: 968

Re: Can i make a large Roth conversion using HELOC?

Are you saying you will use about $20K from the HELOC to live on while taking the same amount from retirement accounts to perform a Roth conversion? You are limiting the size of the Roth conversion to $20K so you will remain in the 12% Federal tax bracket for MFJ?
by Globalviewer58
Mon Jun 15, 2020 8:20 am
Forum: Personal Finance (Not Investing)
Topic: Fence repair responsibility
Replies: 30
Views: 2438

Re: Fence repair responsibility

Since you both have gardeners perhaps a hedge would be a suitable alternative to a fence.
by Globalviewer58
Mon Jun 08, 2020 7:25 am
Forum: Personal Consumer Issues
Topic: Looking at buying house with in-ground pool. What questions should we ask?
Replies: 62
Views: 3940

Re: Looking at buying house with in-ground pool. What questions should we ask?

Do you plan to clean and maintain the pool yourself or hire a service company? You might learn common issues by visiting the Forum page on troublefreepool.com. Water chemistry and disinfection methods are essential knowledge for proper operation.
by Globalviewer58
Tue May 05, 2020 11:30 am
Forum: Personal Consumer Issues
Topic: Is there anything more environmentally friendly than Drano for unclogging a drain?
Replies: 80
Views: 5089

Re: Is there anything more environmentally friendly than Drano for unclogging a drain?

1/4 salt + 1/4 cup borax + 1/2 cup vinegar plus pot of boiling water. Mix the salt and borax then pour into the drain, scooping any excess into the drain with old toothbrush. Pour 1/2 cup vinegar into drain followed by pot of boiling water. Let stand 30 minutes. Repeat if necessary. This process is ...
by Globalviewer58
Fri Apr 17, 2020 8:09 pm
Forum: Investing - Theory, News & General
Topic: Crisis Lessons (My list)
Replies: 50
Views: 4634

Re: Crisis Lessons (My list)

Understand that your fabulous life depends on a lot of others who may not have escaped the hand to mouth of a paycheck and be generous in your support as we work to get them back to earning a paycheck.
by Globalviewer58
Wed Mar 25, 2020 5:17 pm
Forum: Personal Consumer Issues
Topic: My treadmill broke. Now what?
Replies: 36
Views: 1946

Re: My treadmill broke. Now what?

Elliptical will allow you to work upper body, lower body simultaneously. Current tech includes programs for hills, glute kicker, arm blaster, etc to give some variety. You can also pause the elliptical to do free weights or body weight exercises and return to the program.
by Globalviewer58
Sat Mar 14, 2020 7:15 pm
Forum: Investing - Theory, News & General
Topic: So.... is this really "it"? Is this what we needed to mentally prepare for?
Replies: 158
Views: 14558

Re: So.... is this really "it"? Is this what we needed to mentally prepare for?

The closures of air travel, businesses, schools, etc is intended to slow the spread so we don’t overwhelm our medical care capacity. The COVID-19 transmission and infection issue may be continuing over another 6 months or more or less so no, this is not “it”. Imagine a change in behavior where your ...
by Globalviewer58
Tue Feb 25, 2020 4:03 am
Forum: Personal Consumer Issues
Topic: Tool to remove encrusted soil from bronze
Replies: 14
Views: 911

Re: Tool to remove encrusted soil from bronze

Look at the Victoria and Albert Museum website page, guidelines for cleaning metals. You can decide which methods apply to your situation.
by Globalviewer58
Sat Feb 22, 2020 1:27 am
Forum: Personal Consumer Issues
Topic: Moving Furniture Yourself
Replies: 40
Views: 3033

Re: Moving Furniture Yourself

Your local u-haul should offer equipment rental including a dolly or frame with casters. If smooth means a sidewalk that might work. If smooth means a tile floor then the sliders would work.
by Globalviewer58
Mon Dec 30, 2019 9:46 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a house with plan to move after 3-4 years
Replies: 18
Views: 1590

Re: Buying a house with plan to move after 3-4 years

A rough estimate of costs to sell a home is 10% of selling price to pay for realtor commissions, inspection, repairs, staging and closing costs. Are you factoring these items in your calculation? If it were my decision I would rent for the remainder of schooling years and be ready to relocate with n...
by Globalviewer58
Mon Dec 30, 2019 7:59 pm
Forum: Personal Consumer Issues
Topic: Am I spending to much on furnishing my new home?
Replies: 53
Views: 3970

Re: Am I spending to much on furnishing my new home?

You might look at craigslist.org for items you are considering just to get a sense of quality and prices in your area. While living in a densely populated city it was common to see beautiful furniture available at little to no cost when renters moved out of a high rise. Several times I saw complete ...
by Globalviewer58
Sat Dec 21, 2019 11:13 am
Forum: Personal Consumer Issues
Topic: Good 3-4 day horseback riding trip in West with 13 year old?
Replies: 8
Views: 749

Re: Good 3-4 day horseback riding trip in West with 13 year old?

^You may want to adjust to high elevation by arriving 1-2 days before strenuous activity and let your system adjust. Hydration is also important and an awareness of your physical limitations.
by Globalviewer58
Sat Nov 16, 2019 9:13 am
Forum: Personal Investments
Topic: Don't peek, but since the 2018 highs, a 60/40 portfolio is up by What Percent?
Replies: 64
Views: 7539

Re: Don't peek, but since the 2018 highs, a 60/40 portfolio is up by What Percent?

I peeked and found the answer interesting. Thanks for the thought exercise.
by Globalviewer58
Tue Nov 12, 2019 2:08 pm
Forum: Personal Investments
Topic: 401k rollover IRA by end of year
Replies: 11
Views: 387

Re: 401k rollover IRA by end of year

You might see if your new employer’s 401K Plan allows a rollover of your current 401K balance. Once you are on the new Plan, initiate the rollover. If current Plan requires you move the funds sooner, then make sure all of your wage deferrals and employer matching contributions are complete and open ...