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  1. TheWizard

    Buying a New Car

    15,000? If you go with dual rear wheels, you kin tow considerably more. But I don't tow routinely and max payload I've done in my F-150 was 2300 lbs of crushed stone for ten miles, just a bit overloaded, yes. So if you need higher load capacity, then no choice but a HD model ..
  2. TheWizard

    What are your views on Salim Ramji former exec at Black Rock becoming CEO of Vanguard. should we be concerned?

    Right once again. We old folks are all gonna croak, sooner rather than later. So the question is: what sort of funds are the younger gens clamoring for?
  3. TheWizard

    What are your views on Salim Ramji former exec at Black Rock becoming CEO of Vanguard. should we be concerned?

    Exactly. If you're happy being 100% in VOO, then where's the problem?
  4. TheWizard

    Buying a New Car

    My F-150 3.5l Ecoboost gets consistent 20 mpg on the highway. Get one of them...
  5. TheWizard

    Buying a New Car

    My factory ordered F150 Lariat had an MSRP of $54,385 back in December, 2015, so that sounds about right. I'll likely buy a higher trim level as its replacement in a few years, the model with a hot tub in the back. Could run $80k, depending...
  6. TheWizard

    We just Returned from a 9-day Cruise and were somewhat disappointed.

    I'm on our first Viking river cruise right now. Smallish ship, constrained by lock size and bridge clearance, so 190 pax max. No under 18 allowed. Not too many fat ppl. Decently good food. No casino or similar foolishness Viking does ocean cruises also; haven't yet done one but very well...
  7. TheWizard

    Set me straight on annuities and why are they so bad

    I have no experience with the product the OP is talking about. What I have are immediate annuities from TIAA which I started in 2013. Sadly, TIAA products are not available to the general public. I see no reason to fool with annuity products until you're ready to start receiving income the...
  8. TheWizard

    Soc Sec Notice of Award Detail Error?

    OP mentioned eventual tax withholding from his SS benefit. Note that while 85% of your GROSS SS benefit is subject to income tax, they apply your selected withholding percentage to your NET benefit after Medicare and IRMAA are subtracted...
  9. TheWizard

    Software or Website to consolidate Net Worth Profile

    Looks like a number of good answers for the OP, but I'll be contrary and say first of all that I have no real interest in tracking my Net Worth, which includes my house, vehicles and so forth. My main interest is in monitoring my Investible Assets, but I don't need to get down in the weeds for...
  10. TheWizard

    Liquid holding - tax free vs taxable?

    I'm also in 24% Federal bracket but not looking for lots of additional interest taxed as ordinary income. I put excess income into my Vanguard taxable account most months. I target keeping that account 95% stock funds with 5% in my settlement fund, which obviously pays interest, but I'm okay...
  11. TheWizard

    Liquid holding - tax free vs taxable?

    Not everyone is willing to look up the funds in the OP to find out what they are...
  12. TheWizard

    How to deal with taxable holdings with large gains

    Looks like you're talking about Capital Gains Distributions (CGDs). These generally come from managed funds, not index funds. For most people, it's best to hold only index funds in your taxable account. If you want to hold managed funds, hold them in tax-deferred and Roth accounts. In that...
  13. TheWizard

    Tax Question for Land Rent Free

    I would charge him rent ruffly equal to what the property taxes are...
  14. TheWizard

    Activity might be the most important thing.

    And you survived? Good...
  15. TheWizard

    Not much point in Roth conversions?

    Umm, there's more to Roth conversions than simply tax arbitrage...
  16. TheWizard

    Confused 30 Year Old

    Nice that you came back to update us...
  17. TheWizard

    Not much point in Roth conversions?

    There's nothing wrong with being a higher income retiree, paying higher taxes. I'm something like that. Roth conversions aren't going to make you a low income retiree but they might help you avoid the next higher IRMAA tier...
  18. TheWizard

    Financially independent retirement optional

    Excellent situation that you're in. Just continue onward, focusing on life balance and check back in five years. See you then...
  19. TheWizard

    RMD Workaround?

    I thought we already said he'd be getting a 1099-R for the withdrawal of the RMD amount...
  20. TheWizard

    Not much point in Roth conversions?

    Midpack is pretty much right. Though if you turned your entire tIRA into deferred income annuities, why would you be doing Roth conversions; there's no tax-deferred money left. Best thing to do now is just enjoy being a higher income retiree...
  21. TheWizard

    RMD Workaround?

    Right. Let's say he could do that rollover back into the tIRA. And let's assume his RMD was $50,000 and his marginal tax rate is 32%. So he pays $16,000 in Federal tax on this year's RMD, puts the $50k back into tax-deferred, and then pays ANOTHER $16K in Federal income tax when that money is...
  22. TheWizard

    Getting a new mortgage when retired.

    7 is totally irresponsible, checko...
  23. TheWizard

    What We’re Smoking (or Grilling, or Curing)!

    Actually, it takes moist heat to get really tender pork, as in pulled pork or Chile Verde. But those are different cuts of meat. With baby back ribs, in my unfortunate experience, dry overcooking on the grill gets you something closer to charcoal... ?
  24. TheWizard

    What We’re Smoking (or Grilling, or Curing)!

    Perhaps, but I suspect those places might boil the ribs first before putting them on dry heat with an overly sweet sauce...
  25. TheWizard

    What We’re Smoking (or Grilling, or Curing)!

    I'm a fan of baby back ribs (pork). I typically mix a heaping tablespoon of Walkerswood jerk seasoning with a little Italian marinade to thin it down and then spread it on top of the rack a bit ahead of time. Then toss it on the gas grill, low heat, for 45 minutes or so, turning a few times...
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