Search found 624 matches

by Globalviewer58
Tue Apr 13, 2021 11:13 am
Forum: Personal Consumer Issues
Topic: House Ventilation: Fresh Air
Replies: 5
Views: 704

Re: House Ventilation: Fresh Air

The primary reason to introduce fresh air into a home is to dilute polluted air from sources inside the home. Infrequent activities like painting, staining, using VOCs require additional fresh air. The other way to eliminate indoor sources of pollution include using the vent on your stove when cooki...
by Globalviewer58
Sat Apr 10, 2021 9:31 pm
Forum: Personal Finance (Not Investing)
Topic: [Spouse recently passed away. Please help me handle his financial matters]
Replies: 111
Views: 7326

Re: Spouse died in January: What taxes do I need to be aware of?

Bonnie You should read the Wiki page on probate to learn which items are to be included in the probate calculation. One example to look for is the deed on your home. If the home is deeded Joint Trust with Right of Survivor then the home is not included in probate. There are other deed types with the...
by Globalviewer58
Sat Apr 10, 2021 9:08 pm
Forum: Personal Finance (Not Investing)
Topic: [Spouse recently passed away. Please help me handle his financial matters]
Replies: 111
Views: 7326

Re: Spouse died in January: What taxes do I need to be aware of?

Bennie Sorry for your loss. You may find the Boglehead Wiki helpful. I see this is your first post. In the top section of the home page is a Wiki tab. Once you are on the Wiki page you can search for topics such as Probate, Inherited IRA, Roth conversion, etc. For example, the Probate page contains ...
by Globalviewer58
Fri Apr 09, 2021 6:28 pm
Forum: Personal Consumer Issues
Topic: Are you competitive? If so, how do you compete as you get older?
Replies: 46
Views: 2983

Re: Are you competitive? If so, how do you compete as you get older?

Change the paradigm as your world changes. Harry Chapin has a challenge for you: Oh if a man tried, To take his time on Earth, And prove before he died, What one man's life could be worth, I wonder what would happen, to this world.
by Globalviewer58
Sun Apr 04, 2021 9:31 pm
Forum: Personal Consumer Issues
Topic: Deck Levelling- Potential Foundation issues
Replies: 46
Views: 2287

Re: Deck Levelling- Potential Foundation issues

Can you spray water with a garden hose as if it were rainfall and then observe where the water runs off the deck?
by Globalviewer58
Sun Apr 04, 2021 10:03 am
Forum: Personal Investments
Topic: Roth Conversion: small or large - which makes sense?
Replies: 10
Views: 1246

Re: Roth Conversion: small or large - which makes sense?

Extended version of Optimal Retirement Planner worked for me. Available free at www.I-orp.com. I found best results by comparing a base case of no Roth conversions to 25% Roth conversion, 50% Roth conversion, etc. It was easy to enter the detailed inputs one time and then revise the conversion amoun...
by Globalviewer58
Sun Apr 04, 2021 8:39 am
Forum: Personal Finance (Not Investing)
Topic: Should I opt for deferred compensation ? seeking advise
Replies: 31
Views: 3087

Re: Should I opt for deferred compensation ? seeking advise

You should model any Roth conversions you plan along with the deferred comp distribution.
by Globalviewer58
Sat Apr 03, 2021 3:11 pm
Forum: Personal Consumer Issues
Topic: Should I reconsider Solar? Did I miss the boat?
Replies: 31
Views: 2260

Re: Should I reconsider Solar? Did I miss the boat?

A question to consider is how daily electric demand compares to solar generation. From the quote it appears annual electric demand for your home is slightly less than annual production from solar. In my home the electric usage is about 2x in summer when running air conditioning and pool. Winter elec...
by Globalviewer58
Sat Apr 03, 2021 9:51 am
Forum: Personal Investments
Topic: Roth 401k to Roth IRA transfer.
Replies: 6
Views: 506

Re: Roth 401k to Roth IRA transfer.

From Investopedia, Roth IRA withdrawal rules: Roth IRA Withdrawal Rules Unlike traditional IRAs, there are no required minimum distributions (RMDs) for Roth IRAs. You can take out your Roth IRA contributions at any time, for any reason, without owing any taxes or penalties. Withdrawals on earnings w...
by Globalviewer58
Sat Apr 03, 2021 8:54 am
Forum: Personal Consumer Issues
Topic: Advice on Garage Door Openers?
Replies: 31
Views: 2277

Re: Advice on Garage Door Openers?

The pop sound and smoke symptoms are common for blown starting capacitor. You might be able to DIY the repair or have technician replace the capacitor. As a first step search for starting capacitor, make, model of garage door opener. The capacitor costs about $25.
by Globalviewer58
Wed Mar 31, 2021 10:09 pm
Forum: Personal Finance (Not Investing)
Topic: Job Dilemma
Replies: 68
Views: 7238

Re: Job Dilema

$2.5 million is not a realistic FIRE target for your plans to have a child in next 5 years. My guess is you’ll need 2x your goal so make your career selection with the thought that you’ll work until you have a real early retirement asset base in hand.
by Globalviewer58
Wed Mar 31, 2021 5:26 pm
Forum: Personal Investments
Topic: Are these 401(k) fees normal?
Replies: 25
Views: 2200

Re: Are these 401(k) fees normal?

If I already did my Roth conversion this year, can I open a rollover IRA? If your Roth conversion in 2021 was for tax year 2020 then you should be OK creating the rollover IRA and moving the 401K balance. However, if you performed a backdoor Roth in 2021 for tax year 2021 then you will be subject to...
by Globalviewer58
Wed Mar 31, 2021 12:12 pm
Forum: Investing - Theory, News & General
Topic: Taxes on Traditional IRA Distributions
Replies: 15
Views: 1095

Re: Taxes on Traditional IRA Distributions

You may be in the 22% marginal Federal tax bracket AND have an effective rate of 12%. These are two different concepts. The marginal rate is the tax paid on your next dollar of income. For example, adding $100 of traditional IRA distributions increases Federal taxes by $22 for a taxpayer in the 22% ...
by Globalviewer58
Wed Mar 31, 2021 11:56 am
Forum: Personal Investments
Topic: Are these 401(k) fees normal?
Replies: 25
Views: 2200

Re: Are these 401(k) fees normal?

Rollover 401k to an IRA account until you are able to rollover the IRA to new employer 401k Plan. You might miss a year or two of backdoor Roth contributions while you have a rollover IRA balance but not a big deal in the long term. Some employers have the 401K Plan expenses paid by charging the fee...
by Globalviewer58
Mon Mar 29, 2021 3:50 pm
Forum: Personal Consumer Issues
Topic: Tankless Water Heater - Struggling to Justify
Replies: 71
Views: 5907

Re: Tankless Water Heater - Struggling to Justify

What cost for heated soaking tub? This allows conserving energy until you are using the tub.

Our soaking tub was already installed when old 40 gallon water heater was replaced with 50 gallon unit. If soaker had a heater we could have replaced with 40 gallon unit.
by Globalviewer58
Thu Mar 25, 2021 9:33 am
Forum: Personal Consumer Issues
Topic: son to major in Business, advice on specialization requested
Replies: 60
Views: 2655

Re: son to major in Business, advice on specialization requested

If he takes entry level classes in accounting, finance, info systems, marketing and strategy he will experience a wide range of options to better inform his decision on an area of concentration. Give him a year to experience these subjects and find his favorites.
by Globalviewer58
Wed Mar 24, 2021 9:09 pm
Forum: Personal Investments
Topic: Transferring entire 500k taxable account to Bitcoin?
Replies: 169
Views: 9727

Re: Transferring entire 500k taxable account to Bitcoin?

You have a CPA background and need help with the Federal and State capital gains tax rates applicable to sale of mutual fund shares? Have you worked as a CPA recently? You might want to take a refresher course on taxation. Bitcoin is total speculation but it seems you know that and want to proceed. ...
by Globalviewer58
Wed Mar 24, 2021 1:35 pm
Forum: Personal Consumer Issues
Topic: Help me DIY bath remodel
Replies: 51
Views: 2920

Re: Help me DIY bath remodel

Tiles flexing, grout cracking signal a concern with structure beneath the tiled area. Are floor joists sized and spaced properly? Is subfloor sound and proper material? I showed my contractor a cracked floor joist that he was able to fortify. No problems since this was addressed during bath remodel.
by Globalviewer58
Mon Mar 15, 2021 10:45 pm
Forum: Personal Investments
Topic: DLP Capitol
Replies: 36
Views: 1723

Re: DLP Capitol

No, you should not invest. The offeror has reduced the minimum from $250k to $100k because they are unable to finance with accredited investors or institutions, aka banks. Take a pass and keep on socking away the savings in your 3-fund portfolio. Would you be interested if you had 50% chance of 0% r...
by Globalviewer58
Sun Mar 07, 2021 9:57 pm
Forum: Personal Consumer Issues
Topic: Tips to stick to a weight loss diet?
Replies: 331
Views: 23164

Re: Tips to stick to a weight loss diet?

Each time you consider eating, ask why you are putting the item into your system. Is it to provide essential nutrition in accordance with your lifestyle goals or an indulgence you will later regret.
by Globalviewer58
Sat Mar 06, 2021 10:16 pm
Forum: Personal Finance (Not Investing)
Topic: Coast to retirement jobs for 50-something
Replies: 41
Views: 5683

Re: Coast to retirement jobs for 50-something

Look at FMLA Leave to care for a family member. You may want to discuss with your employer the idea of reduced duties for up to 12 weeks to care for a family member. During that time, work only the hours you agreed to and give yourself a mental and physical reset. If you reinvigorate and want to ret...
by Globalviewer58
Sat Mar 06, 2021 7:51 pm
Forum: Personal Consumer Issues
Topic: Smart thermostat
Replies: 15
Views: 973

Re: Smart thermostat

Ecobee3 has a feature to send a message if HVAC is not performing as expected. This was helpful during 3 month absence and furnace stopped running. I was able to have a neighbor let the technician in to perform the repair during freezing temperatures. I like the Alexa connection to change temperatur...
by Globalviewer58
Tue Feb 23, 2021 9:59 pm
Forum: Personal Finance (Not Investing)
Topic: moving 1000 miles...options?
Replies: 30
Views: 1583

Re: moving 1000 miles...options?

Have moved long distance a number of times. The best lessons I learned: 1. See if the existing furnishings are suitable for your new home. If not, give to friends or donate. There is a pennies on the dollar market for used furniture. 2. As you identify items to move, know that each item is likely to...
by Globalviewer58
Mon Feb 22, 2021 6:23 pm
Forum: Personal Finance (Not Investing)
Topic: I don't need renters insurance, do I?
Replies: 37
Views: 1671

Re: I don't need renters insurance, do I?

My renters insurance covered a loss of personal items while I was traveling and renting housing. I was made aware of the coverage when discussing a claim for vehicle vandalism that accompanied the theft. You might review how your insurance covers this type of situation. I had a separate travelers po...
by Globalviewer58
Mon Feb 22, 2021 3:28 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Exempt Muni bond-do I pay state taxes on dividends
Replies: 14
Views: 1051

Re: Tax Exempt Muni bond-do I pay state taxes on dividends

See the link in poster Makefile’s post up thread. The Munis issued by IL on the list of the fund’s holdings need to be screened against the list of issues authorized by IL to be exempt from state income taxes. So for example, use the Vanguard fund list of holdings and page through to the sections fo...
by Globalviewer58
Sun Feb 21, 2021 5:36 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Exempt Muni bond-do I pay state taxes on dividends
Replies: 14
Views: 1051

Re: Tax Exempt Muni bond-do I pay state taxes on dividends

https://investor.vanguard.com/taxes/sta ... nformation

The link is to Vanguard web page describing state specific information on Muni bond dividends. Find the IL row for your fund. The percentage attributed to IL munis (7.44) will be exempt from IL income tax.

Good luck!
by Globalviewer58
Sun Feb 21, 2021 11:14 am
Forum: Personal Investments
Topic: Roth Conversions, process and taxes
Replies: 13
Views: 1362

Re: Roth Conversions, process and taxes

The free online calculator, Extended I-orp, is useful to forecast the impact of various levels of Roth conversion. From the reports generated by the program you can compare federal, state and IRMAA taxes for each year of retirement. Once you input the data for both you and your spouse it is easy to ...
by Globalviewer58
Tue Feb 16, 2021 12:13 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 2299
Views: 272889

Re: Post your Financial Milestone Announcements Here

You might ask about discount for financing the car thru dealer. When I helped negotiate the purchase of mother’s car a year ago, Honda offered $700 price discount if she financed. She agreed to the loan and paid off with no penalty a week later.
by Globalviewer58
Mon Feb 15, 2021 2:14 pm
Forum: Personal Consumer Issues
Topic: Why would an N95 mask have a 20-25°C temperature limit?
Replies: 18
Views: 1671

Re: Why would an N95 mask have a 20-25°C temperature limit?

The NaCl particulate challenge testing for NIOSH N95 masks is performed after preconditioning the mask at 38 +/- 2.5 C. The suggestion that the 20 - 25 C temp limit is intended for storage makes sense.
by Globalviewer58
Fri Feb 12, 2021 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: Profit sharing question
Replies: 24
Views: 1371

Re: Profit sharing question

Vesting applies to the employer contribution. Your employee contributions are yours. The SPD issued to you by the plan administrator is the best document to review plan definitions and policies.
by Globalviewer58
Mon Feb 08, 2021 11:34 pm
Forum: Personal Consumer Issues
Topic: Stationary Bike Program for Weight Loss
Replies: 50
Views: 3114

Re: Stationary Bike Program for Weight Loss

Looks like you have the Cardio part of an exercise routine well under way. To maximize weight loss add weight training gradually to reach 3 times a week alternating upper and lower body weight training. You might even start the weight training with zero added weight to get form correct and slowly ad...
by Globalviewer58
Mon Feb 08, 2021 9:09 pm
Forum: Personal Consumer Issues
Topic: Getting Rid of Ice Dams
Replies: 48
Views: 4666

Re: Getting Rid of Ice Dams

A short term solution is to apply calcium chloride tablet or granule. See Ice Dam Melter product at local hardware or Amazon or WalMart.
by Globalviewer58
Thu Feb 04, 2021 2:46 pm
Forum: Personal Finance (Not Investing)
Topic: Taking Social Security early to pay for IRMAA?
Replies: 65
Views: 3347

Re: Taking Social Security early to pay for IRMAA?

I learned a lot about IRMAA and expected future taxes from running various Roth conversion scenarios on the Advanced version of I-orp, Optimal Retirement Planner. Once you enter your base case and run the planner it is easy to adjust one variable and run a new scenario. The report results for each s...
by Globalviewer58
Sun Jan 31, 2021 9:42 pm
Forum: Personal Investments
Topic: RPM tool suggests no Roth Conversion is better?
Replies: 16
Views: 1394

Re: RPM tool suggests no Roth Conversion is better?

The i-orp scenario in OP shows only the OP’s financial info. If you file MFJ then both spouse’s inputs should be considered. If this is your actual filing status then a base scenario to consider is early death of one spouse so the survivor has higher RMDs and compare this to a higher Roth conversion...
by Globalviewer58
Fri Jan 15, 2021 9:53 pm
Forum: Personal Investments
Topic: Tesla Stock. Need Help? Update
Replies: 59
Views: 5575

Re: Tesla Stock. Need Help? Update

If you are bullish on Tesla shares you should sell the shares held in tIRA and buy equivalent number in Roth IRA. This keeps your Tesla holdings constant and avoids the higher tax cost of large RMDs in your retirement years.
by Globalviewer58
Wed Dec 30, 2020 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Bathroom remodeling - price/value considerations
Replies: 30
Views: 2522

Re: Bathroom remodeling - price/value considerations

You might solicit a quote from your local tile supply house. They likely will quote turn-key complete project if you ask. We did 2 bathroom renovations and learned on the second project that the tile distributor had all trades available to perform the work.
by Globalviewer58
Fri Dec 18, 2020 9:45 pm
Forum: Personal Finance (Not Investing)
Topic: Take Offer of Intrafamily EF to Payoff Student Loans?
Replies: 24
Views: 1231

Re: Take Offer of Intrafamily EF to Payoff Student Loans?

You could also consider a lower risk scenario of immediate student loan payment of 1/2 of your emergency fund and see what happens over the next six months. By then you’ll have restored the full $30k EF and be ready to pay off the remaining student loan.
by Globalviewer58
Thu Dec 17, 2020 9:59 pm
Forum: Personal Finance (Not Investing)
Topic: Parents choosing college options for their kids based on affordability
Replies: 60
Views: 3082

Re: Parents choosing college options for their kids based on affordability

You and your children need to know the family’s ability to pay and what range of incomes a given academic degree can create with a motivated effort. The children should know they will own the results of academic pursuits and career choices. Financial literacy for a young adult needs to include colle...
by Globalviewer58
Tue Dec 15, 2020 9:32 pm
Forum: Personal Finance (Not Investing)
Topic: Family Finance Discussion: What's the Right Timing?
Replies: 81
Views: 5055

Re: Family Finance Discussion: What's the Right Timing?

Make a 20 year plan to get them up to speed. My mother is 89 and still sharp minded so I review her assets and upcoming plans annually and make whatever suggestions I feel are helpful. She is still fully in charge but appreciates that I have the plan when she needs me to step up involvement.
by Globalviewer58
Mon Dec 14, 2020 6:24 pm
Forum: Personal Finance (Not Investing)
Topic: Retiring to low income in 2021, any year end moves?
Replies: 3
Views: 598

Re: Retiring to low income in 2021, any year end moves?

If you itemize deductions on Federal income tax return you might ensure you use all of the space available for state and local items like real estate taxes.

Open and fund a Donor Advised Fund to get highest bang for each dollar donated. See Wiki for details.
by Globalviewer58
Sun Dec 13, 2020 9:42 am
Forum: Personal Finance (Not Investing)
Topic: Giving Retirement Notice - how did it go?
Replies: 133
Views: 13408

Re: Giving Retirement Notice - how did it go?

You might want to review the Families First Coronavirus Response Act regarding your comment of potential for severe complications from COVID 19. If you are warned by your health care provider that you should self quarantine then you are eligible for a paid leave of absence. Another option is to use ...
by Globalviewer58
Sat Dec 12, 2020 3:31 pm
Forum: Personal Investments
Topic: Uncle is paying for son’s future college expenses, should I still set up a 529 plan?
Replies: 13
Views: 1526

Re: Uncle is paying for son’s future college expenses, should I still set up a 529 plan?

If the 529 funds from uncle will be completely exhausted paying tuition and fees then you could fund the expected computer, Internet access, books and room and board costs from another 529 account.
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: 4157

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: 3224

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: 1563

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: 46
Views: 4178

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: 1267

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: 3816

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: 2930

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: 1581

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 ...