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    Am I The Only Boomer Who Hates This ?

    Good catch! Let me add Silent Generation to those I am grateful to.
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    Am I The Only Boomer Who Hates This ?

    I am one boomer who will be forever grateful for the many sacrifices and gifts left by your generation (named "The Greatest Generation" for good reason) for all those that followed: https://www.amazon.com/Greatest-Generation-Tom-Brokaw/dp/0812975294 Of course, I had to be born into the "Me...
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    Graduate School After Retirement

    +1 Student Loans and Older Americans
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    Variation on ROTH horse race conversion method

    What you describe has been called the "leapfrog" technique and has been discussed extensively in the BH forum and also by Michael Kitces. It's not at all that hard, but if you're going to do it, you must be careful to do it correctly (don't want those nasty IRS people nullifying your efforts)...
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    Poll: Retirees, do you keep your Excess Withdrawal? Or Spend it?

    My retirement spending is approx the same every year based on a budget well in advance, with some categories turning somewhat deflationary. The deflation is offset by spending more in other categories, such as paying for dinner when going out with my FPITW (favorite people in the world...
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    Tax Prep DIY

    Thanks for this post. I actually only paid about $28 for TA for fed/state as I pre-ordered, but have been considering FreeTaxUSA. Only thing that has held me back is I can't find enough reviews from users. I for one would very much appreciate your posting an update review of FTU after you've...
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    Roth conversion projected benefit

    Better yet, you could use the "leapfrog method" wherein you convert at the beginning of the year, then convert again later in the year as the market falls. Then you reconvert the "losers" at the end of the year (or up until October of the following year after filing for a tax extension). I've...
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    Another Do Your Own Tax Question

    +1 First year, I had to manually input large carryover losses which I took from prior year's taxes completed by accountant. Did the same after moving from TT to TA. Thereafter, carryover losses were automatically included each year when importing prior year's taxes in TA. I refuse to pay...
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    Am I The Only Boomer Who Hates This ?

    When I wrote earlier that boomers should really get out of the way, I was not referring to those who add value in the workforce, but instead to those boomers with antiquated thinking systems. I find it pathetic/hypocritical when any boomer, one from the very generation that crooned "I hope I...
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    Am I The Only Boomer Who Hates This ?

    It's happening now: https://www.bloomberg.com/news/articles/2017-01-06/older-americans-are-retiring-in-droves
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    iOrp and Roth Conversions

    Emphasis added Brilliant! $646 total taxes on $263K in conversions. Sweet. This also means by age 70 fully 85% of your PF will be tax-free while simultaneously shielded from the negative impact of future tax reform (except perhaps for forced RMD's on roths at 70, which is a reform...
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    iOrp and Roth Conversions

    Yes, I posted that $2 of every $3 is in taxable, so my strategy works for me. You don't have to convert a substantial portion of your IRA to roth, but again, if you don't find it worth your time, then that's that. Good for you for feeling you've won the game.:)
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    iOrp and Roth Conversions

    Emphasis added This not correct and is a misleading statement to make. People tend to make generalized statements when they are unwilling to do the hard work to educate themselves. Particularly in a forum such as this, it's a good idea to refrain from making implications based on conjecture or...
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    iOrp and Roth Conversions

    Allan Roth has stated that investing is easy but tax management is hard. If I found it not worth my time, I definitely wouldn't do it, either. Yes, I found it hard at first (when I was planning out tax management to end of PF life), but don't at all anymore. Takes about 15 minutes a year now...
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    Tax Prep DIY

    Interesting. I used TT before TA and I don't recall it being more user-friendly. I actually find TA to be user friendly and very easy to understand. The price doesn't hurt, either.
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    iOrp and Roth Conversions

    You've missed the point. Ordinary income from working before retirement places one in a higher (and sometimes highest) tax bracket (versus post-retirement) thereby impacting LTCG and dividend tax rates. This all changes in retirement. This is why the best strategy for tax bracket management...
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    Interesting equity return "predictor" - Household Equity Percentage

    Careful: correlation does not at all necessarily mean causation. I don't read anything with the word "prediction", "predictor", "forecast", etc. in it. Click bait. Financial porn. Noise. Remember, Fidelity did a recent study in the last couple of years and found it's most successful...
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    iOrp and Roth Conversions

    What?? Not in the least. Income before retirement is taxed as ordinary income, the most disadvantageous tax situation to be in. Implementing tax management strategies post-retirement allows one to take advantage of LTCG and qualified dividend rates, tax loss and gain harvesting, roth...
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    Spending down IRA in retirement

    I converted 3 funds at $20K each for a total conversion of $60K in January, and recharacterized the two losing funds each at $20K, which left me with my original intended conversion of $20K (plus market gains). Modelling in tax software in late 2015 before executing the conversions in Jan 2016...
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    Spending down IRA in retirement

    Converting roths while tapping taxable and delaying SS is one strategy for what is known as tax bracket management, in an attempt to smooth out taxes over the PF life. Regarding future tax law changes, the idea is to take advantage of today's tax laws in utilizing tax management strategies as...
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    Retail Store Closings

    Add The Limited to the list: The Limited is closing all remaining stores by Sunday; all online sales are final | cleveland.com
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    Incompetence can come slowly - what is your strategy?

    Strategic Simplicity in all things, for one. A very well thought out IPS for another. Annuitization. Regular detailed discussions with my estate's executor is yet another. Highly optimized physical/psychological/emotional health outcomes for yet another. I've already done all these things...
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    Tax Prep DIY

    Here's a review of popular tax software: The Best Tax Software | The Wirecutter Personally I've been a satisfied Taxact user for the past 3 years. May consider FreeTaxUSA in the future.
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    Spending down IRA in retirement

    Emphasis added Good point. I am personally viewing delayed SS as longevity insurance acting like [-]an annuity[/-] the best annuity deal you can get, based on my personal odds of living longer. I am not considering any break even analysis in this consideration. It is strictly an "insurance"...
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    Assets Allocation software

    These are my exact 3 classes. So why do you need software to calculate? Only reason I use a spreadsheet is because TIRA contains the 3 asset classes and I calculate the % of each class within it. Takes a couple of minutes at most.
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