Recent content by afntrn56

If I had zero tax for 2023 and do a Roth IRA conversion in 2024 am I exempt from the underpayment tax penalty?

Thanks for the replies! So another thought just crossed my mind. I could simply pull out the amount of money needed from an IRA instead of doing Roth conversion. Does that make more sense?

I have been considering getting a solar system added to the house. I am 64 collecting SS. I did not have a tax bill last year to pay. My thought is in order to get the 26% tax credit I could do a Roth conversion so that I had tax liability. First of all does this sound like a good idea? Second I...

I did it at 55. I work for beer now. :) I run a brew lab and do qc for a friend's local brewery. Right now a hiatus as we build a new one.

Thanks for some input mpeirce! I do intend to sell the other home. Any idea what kind of rates are out there for a HLOC? I guess another starting point for me would be to see if I can find a mortgage lender that might entertain my loan? Or is that not worth the effort?

I am retired and age 57 and want to buy another home near the coast. I own my current home and have a good sum of cash but not enough to purchase home without selling current home first. I got a lump sum for my pension and it is in an IRA with Vanguard. I also have some other cash stock...

This is difficult to answer for anyone. Some say you diversify as in investment choices and do some conversions and some left as traditional. This way if the tax situation changes you have both covered. If you are retired and not getting a lot of income now might be a good to to start being...

Doesn't everyone pretty much fit right in here? I hope so!!! :) Welcome aboard the train to retirement and beyond!!!

Guess that means I have less room for converting IRA to Roth in 2013.

I am using similar data I just think I never noticed it before. When I change timing on SS to 66 from 62 it does a similar spike but only at the year I start SS. I can't see the advantage in doing that as it causes a spike in tax for that particular year. I just took a closer look and it has...

I have run some more scenarios with the ORP and now I notice that the calculator suggest a much larger conversion amount from ira to roth ira the year I want to start SS. For instance in one run it says to convert 104K at age 62 and it was only suggesting 38K at 61. This of course results in a...

What's that saying... If it sounds to good to be true....

I experienced quite a few quakes in my 20 years in northern CA. The most memorable one being the 1989 Loma Prieta. That one was a 6.9 and really shook things up. I was at Candlestick Park getting ready to watch the World Series with my beloved Giants going up against the A's... I had the...

Thanks for that. I could not agree more that one needs to set criteria to sell as well as buy. What you present makes sense. Where are you getting the timeliness data?

Good to see you back with this Running Man. Interesting that you bring up VFC again. It has had a really good run. It also will be reporting earnings on Thursday. I was just thinking about closing my position in VFC before this event happens and be happy with the profits made. Is there a...