Search found 512 matches

by One Ping
Thu Jul 26, 2018 7:42 pm
Forum: Personal Finance (Not Investing)
Topic: Confusion on first RMD withdrawal
Replies: 9
Views: 940

Re: Confusion on first RMD withdrawal

Which is why I'm pretty sure you have to take the RMD from the 401K before doing the rollover. Next year, he gets to do the RMD from the rollover IRA. And if he still has any money in the 401K at the end of this year, he'll have to do a separate RMD from that. He can't combine them and take it all ...
by One Ping
Thu Jul 26, 2018 6:14 pm
Forum: Personal Finance (Not Investing)
Topic: Confusion on first RMD withdrawal
Replies: 9
Views: 940

Re: Confusion on first RMD withdrawal

My husband has just retired at age 74. I am 73. He has a 401K and profit sharing plan from his former employer. Since he was working full time and met the criteria he hasn't had to take any RMDs yet. We are doing rollovers of each of these into a Fidelity IRA. We were told that he had to take his R...
by One Ping
Wed Jul 25, 2018 7:19 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Paper on Roth Conversion Analysis
Replies: 123
Views: 9854

Re: Vanguard Paper on Roth Conversion Analysis

It doesn’t seem too difficult to get your retirement tax bracket above that once RMDs start. Especially after the first spouse dies and the second is forced into the single tax brackets... Yeah, that single tax bracket is a killer. That's why we are converting into the 22% bracket. Survivor will de...
by One Ping
Sun Jul 22, 2018 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: Mock-Up IRS Forms for 2018 Tax Year
Replies: 25
Views: 2031

Re: Mock-Up IRS Forms for 2018 Tax Year

:oops: I see now ... In re-doing my taxes using exact numbers it's still within 1% but, it seems the tax owed is slightly different between their tool and my spreadsheet (couple of hundred dollars out of about $20K). Likely something is different between implementations of the "Qualified Dividends ...
by One Ping
Sat Jul 21, 2018 8:51 pm
Forum: Investing - Theory, News & General
Topic: COMING SOON: BOGLEHEADS PODCASTS
Replies: 366
Views: 20067

Re: COMING SOON: BOGLEHEADS PODCASTS

Looking forward to it"
by One Ping
Sat Jul 21, 2018 7:59 pm
Forum: Investing - Theory, News & General
Topic: COMING SOON: BOGLEHEADS PODCASTS
Replies: 366
Views: 20067

Re: COMING SOON: BOGLEHEADS PODCASTS

It will be interesting how long this podcast goes. Maybe 1 week of going over the philosophy and discussing a 3-fund portfolio then the next 500 episodes will be: "Welcome to the podcast! Just a reminder to stay the course. Well that's all we have this week, thanks for joining us!" And yet the boar...
by One Ping
Sat Jul 21, 2018 7:27 pm
Forum: Personal Finance (Not Investing)
Topic: Mock-Up IRS Forms for 2018 Tax Year
Replies: 25
Views: 2031

Re: Mock-Up IRS Forms for 2018 Tax Year

You can enter actual numbers.........I thought the sliders were just reflecting the numbers input! I guess there are analog folks and digital ones.....takes all kinds to make up the world :happy :oops: I see now ... In re-doing my taxes using exact numbers it's still within 1% but, it seems the tax...
by One Ping
Sat Jul 21, 2018 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: Mock-Up IRS Forms for 2018 Tax Year
Replies: 25
Views: 2031

Re: Mock-Up IRS Forms for 2018 Tax Year

kaneohe wrote:
Sat Jul 21, 2018 6:44 pm
jacoavlu wrote:
Sat Jul 21, 2018 6:30 pm
I think this one works pretty well

https://www.calcxml.com/calculators/tru ... calculator
does it have inputs for SS , LTCG/QDIV income?
Those were some of the things I had to play around with to get right. I liked the one you (kaneohe) recommended.
by One Ping
Sat Jul 21, 2018 6:47 pm
Forum: Personal Finance (Not Investing)
Topic: Mock-Up IRS Forms for 2018 Tax Year
Replies: 25
Views: 2031

Re: Mock-Up IRS Forms for 2018 Tax Year

https://www.mortgagecalculator.org/calcs/1040-calculator.php This is a nice 1 pg calculator. Just tested this one against my own spreadsheet set-up. Results were within a couple of hundred dollars (<1% difference). Pretty good consider the granularity of the allowed inputs. Would be nice if they al...
by One Ping
Mon Jul 16, 2018 4:45 pm
Forum: Investing - Theory, News & General
Topic: Deterministic SWR Calcuation/Equation
Replies: 2
Views: 282

Re: Deterministic SWR Calcuation/Equation

YES! Thank you!

I don't know why it didn't pop up in my searches. Thanks, Factual. :beer
by One Ping
Mon Jul 16, 2018 4:43 pm
Forum: Personal Consumer Issues
Topic: Why own a bed?
Replies: 140
Views: 10449

Re: Why own a bed?

telemark wrote:
Mon Jul 16, 2018 11:05 am
This has been discussed before.

viewtopic.php?t=97232
I just gotta say, this place is amazing! Who would have thought this would have been discussed ... before! :o
by One Ping
Mon Jul 16, 2018 4:37 pm
Forum: Investing - Theory, News & General
Topic: Deterministic SWR Calcuation/Equation
Replies: 2
Views: 282

Deterministic SWR Calcuation/Equation

A while back, somewhere I ran across an equation that, given the sequence of returns (and a few other parameters), would analytically and deterministicly solve for the SWR that gave a zero ending balance. Unfortunately, I cannot remember exactly when or where I saw this. I've tried searching Boglehe...
by One Ping
Sat Jul 14, 2018 1:58 pm
Forum: Investing - Help with Personal Investments
Topic: After-tax Roth conversion question
Replies: 18
Views: 1144

Re: After-tax Roth conversion question

FYI - Don't know if this applies in your case (you'd have to check the previous employer's Summary Plan Document), but some plans distinguish between what options are available to current employees vs. former employees. My previous employer would allow withdrawal of after-tax contributions for curre...
by One Ping
Fri Jul 13, 2018 11:46 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Labeling: "Restricted Application for Spousal Benefit", or Just "Spousal Benefit".
Replies: 3
Views: 574

Re: Social Security Labeling: "Restricted Application for Spousal Benefit", or Just "Spousal Benefit".

Strider wrote:
Fri Jul 13, 2018 2:46 pm
Also, my understanding is that my wife's initial benefit will be half of what my Primary Insurance Amount (PIA) would have been had I collected at age 66. Is this correct?
Yes, as long as she is FRA or older. Plus, I believe, also whatever COLAs have occurred since then.
by One Ping
Fri Jul 13, 2018 11:37 pm
Forum: Investing - Help with Personal Investments
Topic: massive Roth conversion
Replies: 40
Views: 3753

Re: massive Roth conversion

I thought that the MAGI subtracts out the Roth conversion amounts from AGI so that MAGI would be unaffected by those amounts. Nope. MAGI = AGI (Adjusted Gross Income, which includes the taxable part of any Roth Conversion) + Tax-Exempt Interest. Many kinds of MAGI inhabit this world.......this one ...
by One Ping
Fri Jul 13, 2018 4:30 pm
Forum: Investing - Theory, News & General
Topic: COMING SOON: BOGLEHEADS PODCASTS
Replies: 366
Views: 20067

Re: COMING SOON: BOGLEHEADS PODCASTS

... puts the word “invest” first for the benefit of search engine: Invest With the Bogleheads I like "Investing with the Bobleheads - Advice inspired by Jack Bogle". The word investing in this context has kind of a dual meaning: 1) investing, in the sense of finances the Boglehead way, and 2) inves...
by One Ping
Fri Jul 13, 2018 2:14 pm
Forum: Investing - Help with Personal Investments
Topic: massive Roth conversion
Replies: 40
Views: 3753

Re: massive Roth conversion

kaneohe wrote:
Fri Jul 13, 2018 12:29 pm
I thought that the MAGI subtracts out the Roth conversion amounts from AGI so that MAGI would be unaffected by those amounts.
Nope. MAGI = AGI (Adjusted Gross Income, which includes the taxable part of any Roth Conversion) + Tax-Exempt Interest.
by One Ping
Fri Jul 13, 2018 12:16 pm
Forum: Investing - Help with Personal Investments
Topic: massive Roth conversion
Replies: 40
Views: 3753

Re: massive Roth conversion

Also, remember that NIIT kicks in at $250,000 for married. Personally, I am converting up to the point where NIIT starts. Not to NIIT pick but what is NIIT. NIIT = Net Investment Income Tax However, I thought that IRA distributions where exempt from NIIT. I need to go look.... EDIT: As far as I can...
by One Ping
Fri Jul 13, 2018 10:26 am
Forum: Investing - Help with Personal Investments
Topic: massive Roth conversion
Replies: 40
Views: 3753

Re: massive Roth conversion

Hayden wrote:
Fri Jul 13, 2018 10:24 am
Also, remember that NIIT kicks in at $250,000 for married. Personally, I am converting up to the point where NIIT starts.
Not to NIIT pick but what is NIIT.
by One Ping
Fri Jul 13, 2018 10:14 am
Forum: Investing - Help with Personal Investments
Topic: massive Roth conversion
Replies: 40
Views: 3753

Re: massive Roth conversion

Remember, as the law is currently written, the 22% bracket returns to 25% in 9 years. And that also means that conversions to the top of the 24% bracket can make a lot of sense now -- you're still saving 1%, and by doing it sooner, you reduce the total taxable balance. If you convert to the top of ...
by One Ping
Thu Jul 12, 2018 7:29 pm
Forum: Personal Finance (Not Investing)
Topic: IRMAA reduction without "life changing event?"
Replies: 12
Views: 1312

Re: IRMAA reduction without "life changing event?"

Sounds like you've given this some thought and have a good plan. :sharebeer Unfortunately, there are rarely any easy answers to the question: "how much should I Roth convert and when?" Fortunately, no matter how difficult a person's questions are there is very likely somebody here on the forum who ...
by One Ping
Thu Jul 12, 2018 7:23 pm
Forum: Investing - Theory, News & General
Topic: COMING SOON: BOGLEHEADS PODCASTS
Replies: 366
Views: 20067

Re: COMING SOON: BOGLEHEADS PODCASTS

Talking Bogleheads - Investing advice inspired by Jack Bogle

Simple, direct and short.
by One Ping
Thu Jul 12, 2018 6:54 pm
Forum: Personal Finance (Not Investing)
Topic: IRMAA reduction without "life changing event?"
Replies: 12
Views: 1312

Re: IRMAA reduction without "life changing event?"

In general, if you surpass an IRMAA threshold, you may wish to convert additional funds up to whatever the next "cliff" is (next IRMAA tier, next tax bracket, etc.). It's just a matter of running the numbers for your particular situation. Yup, this is what we are doing. Roth converting up to near t...
by One Ping
Thu Jul 12, 2018 6:33 pm
Forum: Investing - Theory, News & General
Topic: COMING SOON: BOGLEHEADS PODCASTS
Replies: 366
Views: 20067

Re: COMING SOON: BOGLEHEADS PODCASTS

Herekittykitty wrote: Then there can be our subtitle - "Investing Advice Inspired by Jack Bogle"
I like that subtitle. Simple and direct
by One Ping
Thu Jul 12, 2018 5:35 pm
Forum: Personal Finance (Not Investing)
Topic: IRMAA reduction without "life changing event?"
Replies: 12
Views: 1312

Re: IRMAA reduction without "life changing event?"

Here's the scenario: Joe (married filing jointly) has been performing aggressive Roth conversion prior to age 65 but wants to scale back to avoid IRMAA (the Medicare premium surcharges for higher MAGI taxpayers). His birthday is July 1, and he'll turn 65 in 2022. If he does nothing, Medicare will l...
by One Ping
Thu Jul 12, 2018 5:17 pm
Forum: Investing - Theory, News & General
Topic: COMING SOON: BOGLEHEADS PODCASTS
Replies: 366
Views: 20067

Re: COMING SOON: BOGLEHEADS PODCASTS

Let’s shoot for brevity. Titles such as “The Bogleheads Podcast for Better Investment Returns” are too long. Three words or less would be ideal. I like these ... Talking Bogleheads Simply Bogleheads Boglehead Beat The Boglehead Way Additional Ideas ... Boglehead Investing The Essential Boglehead On...
by One Ping
Tue Jul 10, 2018 9:23 pm
Forum: Personal Consumer Issues
Topic: Walking Coast-to-Coast
Replies: 86
Views: 7549

Re: Walking Coast-to-Coast

Thanks, Jazztonight! Just finished reading the blog ... kept me up very late. :) It was fascinating to me. While not quite as, uh-hem, 'experienced' as you, you've inspired me to set some of my own (much less ambitious goals) and get to it! One Ping. Ping, it was certainly ambitious, and probably u...
by One Ping
Mon Jul 09, 2018 5:18 pm
Forum: Investing - Theory, News & General
Topic: Why 3-funds and not 4-funds or even 2-funds?
Replies: 56
Views: 4934

Re: Why 3-funds and not 4-funds or even 2-funds?

Once a person is FIRE'd, why not a one fund portfolio? LMP funded with 100% individual TIPS (ten year ladder) and everything else in US TMI. 8-) Not to hijack the thread but, if your living expenses are covered by 'guaranteed' income streams (e.g., pension, SS) your liabilities would seem to be cov...
by One Ping
Mon Jul 09, 2018 1:42 pm
Forum: Personal Consumer Issues
Topic: Walking Coast-to-Coast
Replies: 86
Views: 7549

Re: Walking Coast-to-Coast

Hello to my fellow Bogleheads! I just returned last week from a Coast-to-Coast walk, Pacific to the Atlantic. I succeeded and survived. Thanks, Jazztonight! Just finished reading the blog ... kept me up very late. :) It was fascinating to me. While not quite as, uh-hem, 'experienced' as you, you've...
by One Ping
Sun Jul 08, 2018 12:05 am
Forum: Personal Finance (Not Investing)
Topic: What rate of return are you using for retirement projections?
Replies: 99
Views: 10145

Re: What rate of return are you using for retirement projections?

Rick Ferri wrote:
Sat Jul 07, 2018 4:28 pm
I intend to update my detailed 30-year forecast this December. Until then, I’m being general and saying global equity, which includes approximately 50% US.

Rick Ferri
Rick, where will your updated forecast appear?
by One Ping
Sat Jul 07, 2018 11:33 pm
Forum: Personal Consumer Issues
Topic: Colorado Day Hike Suggestions
Replies: 21
Views: 1383

Re: Colorado Day Hike Suggestions

I'm going to be in Colorado Springs/Denver area late this week and next weekend. I'd like to do a long day hike on Saturday. I'm in pretty good shape and have done some 6-8 hour hikes but mostly at 8-10K feet. I will be solo. I will have good gear, but looking for suggestions. I'd love suggestions ...
by One Ping
Fri Jul 06, 2018 2:39 pm
Forum: Investing - Theory, News & General
Topic: Tradional IRA conversion to ROTH IRA taxable amount?
Replies: 32
Views: 1607

Re: Tradional IRA conversion to ROTH IRA taxable amount?

I dont know what after tax contribution means. If you were eligible to take a tax deduction for the entire amount of your IRA contribution, your contribution was with pre-tax dollars ... because no tax was paid on it. When you convert to Roth you thrn have to pay taxes on it. Sometimes people make ...
by One Ping
Fri Jul 06, 2018 1:39 pm
Forum: Investing - Theory, News & General
Topic: Tradional IRA conversion to ROTH IRA taxable amount?
Replies: 32
Views: 1607

Re: Tradional IRA conversion to ROTH IRA taxable amount?

Hi All, I want to convert my tradtional IRA to a Roth IRA. How much taxes will I pay at the end of the year on the conversion? My income: 70K Amount I will convert: $5000 Tax bracket: 22% Virginia state income tax: 5.75% (not sure though) Filing status: Married filing separate Can anyone give an es...
by One Ping
Thu Jul 05, 2018 10:55 pm
Forum: Personal Consumer Issues
Topic: Every Other Friday Off
Replies: 52
Views: 5568

Re: Every Other Friday Off

My employer is most likely switching to a 9/80 schedule, in which we work 80 hours in aggregate every two weeks, but get every other Friday off. I am extremely excited for this for a multitude of reasons. Has anyone else had this schedule before? How did you like it? If you were me, what would you ...
by One Ping
Wed Jul 04, 2018 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: Prime Money Market vs. 'Brick & Mortar' Savings Account
Replies: 18
Views: 3188

Re: Prime Money Market vs. 'Brick & Mortar' Savings Account

Her income (pension + SS) runs about $82K/yr. That plus the taxes from the Roth Conversions I'm helping her with put her taxable income in the 22% marginal bracket. I agree with you though. Maybe I'm overthinking this too much. Any one of the funds is probably good enough. I missed it if you mentio...
by One Ping
Wed Jul 04, 2018 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: Prime Money Market vs. 'Brick & Mortar' Savings Account
Replies: 18
Views: 3188

Re: Prime Money Market vs. 'Brick & Mortar' Savings Account

That said, stashing one's short-term cash in the PMMF is a pretty solid suggestion as it currently has a SEC yield of around 2.03%, which is about 20 bps more than most online savings accounts. And 1.5% higher than she's getting in her savings account. She could use the checking account that comes ...
by One Ping
Wed Jul 04, 2018 11:58 am
Forum: Personal Finance (Not Investing)
Topic: Prime Money Market vs. 'Brick & Mortar' Savings Account
Replies: 18
Views: 3188

Re: Prime Money Market vs. 'Brick & Mortar' Savings Account

Thanks for the great feedback! Gives some perspective to what I will discuss with her next. A few comments on some of the specific items raised. Income from Treasuries is federally taxable, although free from state and local income tax. :oops: Of course, I believe you are right. ... I see nothing wr...
by One Ping
Tue Jul 03, 2018 7:55 pm
Forum: Personal Finance (Not Investing)
Topic: Prime Money Market vs. 'Brick & Mortar' Savings Account
Replies: 18
Views: 3188

Re: Prime Money Market vs. 'Brick & Mortar' Savings Account

After a little analysis, it seems the US Treasury Money Market (VUSXX) may actually be the best deal for her, at least in terms of net after tax earnings. SEC Earnings Federal Tax Free Taxable Fed Taxes AfterTax Fund Yield on $400K Obligat Earnings Earnings @ 22% Earnings VMMXX 2.04% $8,160 31.4% $2...
by One Ping
Tue Jul 03, 2018 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: Prime Money Market vs. 'Brick & Mortar' Savings Account
Replies: 18
Views: 3188

Prime Money Market vs. 'Brick & Mortar' Savings Account

Question for a elder retired friend. She has $400K spread between a ‘regular’ savings account (0.50%) and several 6-month CD’s (0.35%) at a local brick & mortar bank. There is a ‘good chance’ she will need the money quickly for a house purchase within the next 3 months to a year so she really likes ...
by One Ping
Sun Jul 01, 2018 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: eliminating traditional IRA basis
Replies: 9
Views: 748

Re: eliminating traditional IRA basis

I'd like to eliminate her 8606 from my life. Can I empty the entire small tIRA one year, file the 8606 declaring the basis gone, then move the 401(k) into a new tIRA account the next year and declare no basis and thus no 8606s from then on? Yes, you can. I'm not sure what @tibbitts is writing about...
by One Ping
Sun Jul 01, 2018 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: Filing Restricted SS Application - Language Check
Replies: 45
Views: 5020

Re: Filing Restricted SS Application - Language Check

My wife will be filing for restricted benefits shortly at her FRA of 66. I am already receiving my benefits and have reached FRA. Currently, my wife's medicare charges are auto deducted from our checking account. I have seen others posting about the transition from paying quarterly. Just wanted to ...
by One Ping
Sun Jul 01, 2018 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: eliminating traditional IRA basis
Replies: 9
Views: 748

Re: eliminating traditional IRA basis

I'm starting to plan IRA withdrawals, but have never made any. I'm trying to simplify my future recordkeeping. My over-60 spouse has a small amount in a traditional IRA with a basis (nondeductable contribution). It can easily be withdrawn and closed in a single year. She also has a larger amount in...
by One Ping
Tue Jun 26, 2018 2:08 pm
Forum: Personal Consumer Issues
Topic: Reason for Airlines horrible ticket policy
Replies: 32
Views: 2367

Re: Reason for Airlines horrible ticket policy

And I prefer to fly “air Mooney”. My circle is about 8 hours, equal to 24 hours or so via “air Subaru” I've thought about this. How do 'air Mooney's' amortized costs per mile (per hour?) stack up to 'air Subaru' or SWA (for example)? Have you ever done the trade? Just curious ... Would you figure a...
by One Ping
Tue Jun 26, 2018 1:37 pm
Forum: Personal Consumer Issues
Topic: Reason for Airlines horrible ticket policy
Replies: 32
Views: 2367

Re: Reason for Airlines horrible ticket policy

And I prefer to fly “air Mooney”. My circle is about 8 hours, equal to 24 hours or so via “air Subaru” I've thought about this. How do 'air Mooney's' amortized costs per mile (per hour?) stack up to 'air Subaru' or SWA (for example)? Have you ever done the trade? Just curious ... It's pretty close ...
by One Ping
Tue Jun 26, 2018 1:31 pm
Forum: Personal Consumer Issues
Topic: Reason for Airlines horrible ticket policy
Replies: 32
Views: 2367

Re: Reason for Airlines horrible ticket policy

neilpilot wrote:
Tue Jun 26, 2018 11:51 am
And I prefer to fly “air Mooney”. My circle is about 8 hours, equal to 24 hours or so via “air Subaru”
I've thought about this. How do 'air Mooney's' amortized costs per mile (per hour?) stack up to 'air Subaru' or SWA (for example)? Have you ever done the trade? Just curious ...
by One Ping
Sat Jun 23, 2018 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: What is/ was your career and would you recommend it now?
Replies: 345
Views: 35929

Re: What is/ was your career and would you recommend it now?

Law Enforcement. I'd never recommend it to someone who just wants a job. . . . . . Law Enforcement today is not what it was even 19 years ago when I started. It requires using a lot more technology, and you are policing on camera. Everything that you do is recorded (body cams, surveillance cams, ve...
by One Ping
Sat Jun 09, 2018 10:17 pm
Forum: Personal Finance (Not Investing)
Topic: Are you including SS in your planning model? Are the benefits really that high?
Replies: 148
Views: 12663

Re: Are you including SS in your planning model? Are the benefits really that high?

Church Lady wrote:
Sat Jun 09, 2018 7:53 pm
For Social Security, you have to pay in at least ten quarters to be eligible.
It's actually 10 years, or 40 quarters.
by One Ping
Mon Jun 04, 2018 11:41 pm
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 658
Views: 83506

Re: How much money do you want to retire?

Bacchus01 wrote:
Mon Jun 04, 2018 7:06 am
I wasn’t thinking blindly, but thanks for the presumption
No problem, just trying to help. No offense intended.