Comments on: Damned Good Ideas! https://randylewis.org/damned-good-ideas/ The World's #1 Track Chaser Thu, 16 Apr 2020 05:48:45 +0000 hourly 1 https://wordpress.org/?v=6.9 By: Randy Lewis https://randylewis.org/damned-good-ideas/#comment-215458 Wed, 04 Oct 2017 02:22:38 +0000 http://jeffhornacek.me/randylewis/?p=2629#comment-215458 In reply to Jon Seymour.

Hi Jon, Thanks for your note. Welcome to the “solar” club. Yep. Love those panels!

]]> By: Jon Seymour https://randylewis.org/damned-good-ideas/#comment-215434 Wed, 04 Oct 2017 01:43:06 +0000 http://jeffhornacek.me/randylewis/?p=2629#comment-215434 We put in a 30 panel system in Ohio 2 years ago. Smaller house, OH sun angles, more clouds, more trees, and occasional snow on the roof but we still generate 1 Megawatt more per year than we use and get paid to be a producer. Love those panels.

]]> By: Dave Levin https://randylewis.org/damned-good-ideas/#comment-14253 Wed, 16 Apr 2014 20:43:02 +0000 http://jeffhornacek.me/randylewis/?p=2629#comment-14253 Randy, you and I in bit different places on this SSA thing. I did not take my money at age 62. I am carefully managing my income and expenses. I travel away from Cincinnati a little over 50% of the year to Hilton Head, Dominican Republic and Hawaii. Because I still have a good deal of P&G stock in an after tax account. By keeping myself essentially in the 15% tax bracket, I was able diversify ~10% of my P&G stock at 0% federal tax rate. My total Federal taxes were 2.96% of my AGI and my Ohio taxes were 3.17% of my Ohio AGI.

If I took my SSA benefits, I would be double taxed on those funds, sort of. First, I would be taxed on that income at either 50% or 85% of the benefit. Second, my diversification efforts (selling of my zero basis PG stock) would also be taxed. My only income last year was from stock options which I took at an opportune time.

We are spending. We are traveling. Not sure what we would do different if we had an additional $40-$60K other than give a significant portion to the state and Fed.

While each person’s finances are different, your analysis above does not mention much about tax efficiency…which can have a significant ROI.

Dave

]]>