Join Early Retirement Today
Closed Thread
 
Thread Tools Search this Thread Display Modes
Old 07-13-2020, 04:52 AM   #361
gone traveling
 
Join Date: Jan 2019
Location: NW Ohio
Posts: 1,156
I was finally able to sell my 2004 Mustang gt convertible, and bought a 2013 white Mustang with all the options V6 Pony package....averaging 27 mpg, and still runs in the 13s through the 1/4 mile.

A one owner, local car that was really taken care of that I bought for $8500, he took a 2/3 depreciation loss in 7 years.
ckelly78z is offline  
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 07-13-2020, 09:41 AM   #362
Full time employment: Posting here.
MrsHaloFIRE's Avatar
 
Join Date: Jun 2018
Posts: 800
Quote:
Originally Posted by corn18 View Post
Just wrote a check for $142,571 for 2019 Federal Taxes. Does that count as blowing dough? (I had safe harbor, so no penalties or interest)
Would be an honor and privilege to write that kind of tax check.
MrsHaloFIRE is offline  
Old 07-13-2020, 10:22 AM   #363
Moderator Emeritus
aja8888's Avatar
 
Join Date: Apr 2011
Location: The Woodlands, TX
Posts: 12,625
Quote:
Originally Posted by Sunset View Post
You may want to do a Roth conversion since you don't need to take an RMD.
That's in the plan for this year, right at the end.
__________________
Everyone has a plan until they get punched in the mouth...philosopher Mike Tyson
aja8888 is offline  
Old 07-13-2020, 10:44 AM   #364
Thinks s/he gets paid by the post
corn18's Avatar
 
Join Date: Aug 2015
Posts: 1,230
Quote:
Originally Posted by MrsHaloFIRE View Post
Would be an honor and privilege to write that kind of tax check.
It was neither an honor nor a privilege. It was required by law and I simply complied.
__________________
Don't do something, just stand there!
corn18 is online now  
Old 07-14-2020, 08:21 AM   #365
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jan 2007
Location: Sarasota,fl.
Posts: 11,446
Sorry that was supposed to be in a different thread
Moemg is offline  
Old 07-14-2020, 02:49 PM   #366
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Sunset's Avatar
 
Join Date: Jul 2014
Location: Spending the Kids Inheritance and living in Chicago
Posts: 11,639
Quote:
Originally Posted by Sunset View Post
Well you just made me feel like our giant payment is not so large anymore.

I'm trying to figure out the safe harbor, and unless this payment is just the tip of an iceberg. I can only guess that in the previous year you were nearly tax free, did tiny estimated payments to 110% of 2018 taxes.
Waiting until the end to pay the full bill.

Maybe there are other safe harbor reasons I'm not knowing
Never mind.
Due to another thread, I know the reason, or at least can guess.

It was basically the same for me, on a much much smaller scale.
__________________
Fortune favors the prepared mind. ... Louis Pasteur
Sunset is online now  
Old 07-15-2020, 06:19 AM   #367
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
kcowan's Avatar
 
Join Date: Jul 2006
Location: Pacific latitude 20/49
Posts: 7,409
Send a message via Skype™ to kcowan
Bought some Uline shelves for our new bodega, 12 feet tall so ordered 7 feet shelves by 10 feet and 30 " deep. Also a smaller unit on wheels to get stuff from the car.
__________________
For the fun of it...Keith
kcowan is offline  
Old 07-16-2020, 10:03 AM   #368
Thinks s/he gets paid by the post
 
Join Date: Jun 2003
Location: Historic Florida
Posts: 4,851
Just bought (Leased) a new 2020 VW Tiguan SEL 4 Motion. My shortlist contenders were: The Tiguan, BMW x3 and Audi Q3. The Tiguan won and I am certainly NOT disappointed.
__________________
"Never Argue With a Fool, Onlookers May Not Be Able To Tell the Difference." - Mark Twain
ShokWaveRider is offline  
Old 07-17-2020, 06:35 PM   #369
Recycles dryer sheets
Vincenzo Corleone's Avatar
 
Join Date: Jul 2005
Posts: 411
I'm retired but my wife still works - not sure if I'm "qualified" to post in this thread.

Since our travel plans have taken a hit due to Covid, we thought we'd spoil ourselves some other way. For starters:

- Bought a new MacBook Pro Retina 15" for my wife - a nice upgrade to the one it replaced

- Bought a couple of nicely marbled Wagyu ribeye steaks (American, non-Kobe - We'll eventually take a trip to Japan and experience the Kobe A5 steaks at some point in the future)

- Bought an Oculus Quest VR headset
Vincenzo Corleone is offline  
Old 07-26-2020, 10:12 AM   #370
Recycles dryer sheets
 
Join Date: Feb 2015
Posts: 437
Since it would not appear we will be traveling anytime soon, we decided to go ahead and remodel our three and a half baths instead, the last bit of our home that needs updating from our move in 2017. It's a 1980's home that still had the original builders grade elements in place after 30+ years. The footprints are all good, fortunately, and the fixtures have all been upgraded by us already, as has the plumbing, so that will help with keeping a lid on costs. Excited about installing marble countertops among other things.
ElizabethT is offline  
Old 08-08-2020, 07:17 PM   #371
Recycles dryer sheets
USA's Avatar
 
Join Date: May 2015
Location: Henderson
Posts: 253
I went to the Herb and Spice store to p/u five items. Something happened on the way home and I have six new dining chairs. Iím pleased with the purchase. They were needed.
USA is offline  
Old 08-08-2020, 08:52 PM   #372
gone traveling
 
Join Date: Dec 2015
Location: Berkeley, Denver, CO, USA
Posts: 1,406
Quote:
Originally Posted by ElizabethT View Post
Excited about installing marble countertops among other things.
Azerocare marble is the only marble to consider.
davebarnes is offline  
Old 08-08-2020, 09:34 PM   #373
Thinks s/he gets paid by the post
2017ish's Avatar
 
Join Date: Apr 2012
Location: Nashville
Posts: 2,123
Five weeks in Alaska was amazing. No crowds, although we felt sorry for the tourist related businesses.... Did our part by spending more than we normally would via float plane flights and private boat excursions, as our big trips for the year aren't going to happen in 2020--and maybe not even in 2021.

(Unfortunately, even with mandatory testing to enter state, the virus is doing what viruses do and they are starting to have enough cases to worry them. don't know how much longer tourism is going to be an option this summer.)
__________________
OMY * 3 2ish Done 7.28.17
2017ish is offline  
Old 08-11-2020, 01:22 PM   #374
Recycles dryer sheets
KarlH's Avatar
 
Join Date: Jul 2020
Location: Northern Illinois
Posts: 120
We just blew $7400 on replacement windows. Not a bad price (10 windows total) and a decent transferable warranty. These are for the back of the house, as we just finished paying off the ones we replaced on the front of the house. We have the cash on hand, but actually took 24 months at 0% because we can.
KarlH is offline  
Old 08-13-2020, 09:20 AM   #375
Dryer sheet aficionado
 
Join Date: May 2020
Location: Calgary
Posts: 47
$3.5K on vet bills for the old dog.

$3.5K on new suspension for the old SUV.

$2K on ski season passes for next year (although this is mandatory spending, not discretionary, and saves us lots of money over the year compared to buying daily lift tickets.)
music-and-ski is offline  
Old 08-13-2020, 09:40 AM   #376
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
bbbamI's Avatar
 
Join Date: Dec 2006
Location: Collin County, TX
Posts: 9,238
The original plan to blow that dough was a trip to Las Vegas to celebrate my first SS deposit in January. That fell flat and didn't bounce once....

So, we bought an upright freezer and dh obtained various tools, gizmos and gadgets. Later on we had a carport built over our driveway, purchased flooring for the garage then replaced the garage door. In a couple of weeks dh will receive his La-Z-Boy recliner (thanks for the info W2R ).

I'm considering replacing our 36 yo wall oven. Ok, so the self cleaning doesn't work, neither does the clock or timer, but it still bakes well.
__________________
There's no need to complicate, our time is short..
bbbamI is offline  
Old 08-13-2020, 09:47 AM   #377
Thinks s/he gets paid by the post
Helen's Avatar
 
Join Date: Oct 2004
Location: Portland
Posts: 1,747
New stamped stained driveway, apron, part of sidewalk and walkway is being poured today. That will run about $12k.

We are now shopping for a new front door for an English Tudor and a side door. I'm a bit shell shocked at the cost. I've been studying this site to learn what a front door of a Tudor should look like. I would love to have one custom made, but I would need to supply drawings with exact measurements. I guess I would need to hire an architect to help.

Tudor Artisans - Example Doors
Helen is offline  
Old 08-13-2020, 11:03 AM   #378
Thinks s/he gets paid by the post
euro's Avatar
 
Join Date: Oct 2015
Posts: 1,616
Quote:
Originally Posted by Helen View Post
New stamped stained driveway, apron, part of sidewalk and walkway is being poured today. That will run about $12k.

We are now shopping for a new front door for an English Tudor and a side door. I'm a bit shell shocked at the cost. I've been studying this site to learn what a front door of a Tudor should look like. I would love to have one custom made, but I would need to supply drawings with exact measurements. I guess I would need to hire an architect to help.

Tudor Artisans - Example Doors
Wow, an architect just to design the door and then custom construction: that DOES sound pricey..... blow that dough....
euro is offline  
Old 08-13-2020, 11:31 AM   #379
Full time employment: Posting here.
 
Join Date: Aug 2012
Posts: 828
Spilled a full coffee on my laptop a few weeks ago and tried everything to fix it. No luck.
Looking for a 6-800 dollar replacement right now. $700

Have a mini split A/C unit being delivered tomorrow. Even though we are at 1300 foot elevation in NH we finally are caving in to A/C . We both don't like the heat and especially the humidity. Supposed to be real quiet and energy efficient. $700.
Spent several hundred on the new pup in the last few weeks. New crates, beds harnesses toys etc. $500

Need new glasses. $600

Wife just told me she doesn't like the roman shades any more. $?

Finishing up my total bathroom /laundry room gut job. Maybe another $500 to go.
Thinking of redoing the entire kitchen. Rut Roh.

Guess that's enough for now.
finnski1 is offline  
Old 08-13-2020, 04:12 PM   #380
Thinks s/he gets paid by the post
 
Join Date: Dec 2014
Location: St. Charles
Posts: 2,856
DW was ready to replace her 8 year old Pathfinder. Sold it private for about $2k more than trade-in.

Sooo, we are now the proud owners of the most expensive vehicle we have ever bought. A 2020 Lexus 350 RX. I am pretty sure it will take another 10 years to figure out all the functions. Oh well, it is what she wanted, and we CAN afford it.

Meanwhile, my 2012 basic Altima is still my ride for a while. (But I have thrown out the idea of buying a Tesla in a year or two)

FWIW, even with the car purchase we will be under 4% WR for the year.
__________________
If your not living on the edge, you're taking up too much space.
Never slow down, never grow old!
CardsFan is online now  
Closed Thread


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Blow that Dough! - 2018 audreyh1 Life after FIRE 1099 04-12-2019 07:15 PM
Blow that dough or keep saving for inevitable? gayl FIRE and Money 29 08-31-2018 11:22 AM
What Would It Cost Today...Or Blow That Dough in the 80s TrvlBug Other topics 29 05-24-2018 09:00 AM
A month in Europe! (Blow that dough) flintnational Travel Information 40 04-11-2018 09:01 PM
Blow that dough (It's official now) braumeister FIRE and Money 164 01-03-2018 02:00 PM

» Quick Links

 
All times are GMT -6. The time now is 09:04 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2021, vBulletin Solutions, Inc.