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by DSInvestor
Fri May 22, 2015 3:01 pm
Forum: Investing - Help with Personal Investments
Topic: Distribution question for 401K, IRA , ROTH IRA
Replies: 1
Views: 116

Re: Distribution question for 401K, IRA , ROTH IRA

The withdrawals at age 55 show not eligible to withdraw. You are allowed to withdraw from 401k and Traditional IRA before reaching age 59.5. Withdrawals will be taxable and subject to 10% early withdrawal penalty unless you qualify for an exemption. If you retire from your job at age 55, I believe y...
by DSInvestor
Fri May 22, 2015 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: Non-deductible Contributions to SEP question
Replies: 9
Views: 268

Re: Non-deductible Contributions to SEP question

Alan S - Back to my confusion, are you saying that someone could make a non-deductible after-tax contribution to a before-tax SEP-IRA? Assuming one could, why would someone do this instead of opening up a Roth IRA? Wouldn't the co-mingling of deductible and non-deductible funds complicate the distr...
by DSInvestor
Fri May 22, 2015 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: Non-deductible Contributions to SEP question
Replies: 9
Views: 268

Re: Non-deductible Contributions to SEP question

DSInvestor - Are you sure that someone can put $5.5K into a Traditional/Roth IRA as well as maxing out an SEP-IRA? I have looked at this, and it seems there is an AGI limit of $191K for opening up a Roth IRA. Yes, the rules permit contributions to SEP-IRA and to Traditional/Roth IRA. I have done it...
by DSInvestor
Thu May 21, 2015 11:58 pm
Forum: Personal Finance (Not Investing)
Topic: IRA distribution question
Replies: 2
Views: 228

Re: IRA distribution question

No you cannot cherry pick the basis on distribution. If you take a partial distribution and have IRA basis, you must prorate the basis. Keep in mind that IRS treats all of your assets in Traditional IRA, Rollover IRA, SEP-IRA and SIMPLE-IRA as one big Traditional IRA. So if you have 500K total in th...
by DSInvestor
Thu May 21, 2015 11:14 pm
Forum: Investing - Help with Personal Investments
Topic: Are ETFs better for tax gain harvesting?
Replies: 6
Views: 461

Re: Are ETFs better for tax gain harvesting?

You can avoid triggering frequent trading restrictions on Vanguard mutual funds by using automatic transactions (i.e. schedule a sell of your VG mutual fund shares for tomorrow instead of today).

IMO mutual funds are easier to work with.
by DSInvestor
Thu May 21, 2015 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: Stupid COBRA question
Replies: 12
Views: 807

Re: Stupid COBRA question

COBRA can be a nasty beast as well. If you are ever on COBRA make sure people know about it and you have funds accessible for them to pay your premium should you become incapacitated. My wife used to administer COBRA for a company and she has several heartbreaking stories. One woman had stage 4 can...
by DSInvestor
Thu May 21, 2015 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: Non-deductible Contributions to SEP question
Replies: 9
Views: 268

Re: Non-deductible Contributions to SEP question

SEP-IRA contributions are made by the employer or your self employed business and are an expense of your business. These contributions are deductible (pre-tax). If you want to convert your SEP-IRA contributions to Roth IRA immediately after contribution but the conversion is taxable which essentiall...
by DSInvestor
Thu May 21, 2015 2:09 pm
Forum: Personal Consumer Issues
Topic: Citi Price Rewind
Replies: 2
Views: 258

Re: Citi Price Rewind

I have used it as well and it works. If you find a lower price than the prices found by the citi price rewind service, you can download a form and submit a printout of ad, web page and your purchase receipt to submit a claim.
by DSInvestor
Thu May 21, 2015 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited money and Roth contributions
Replies: 6
Views: 483

Re: Inherited money and Roth contributions

If your parents are not maxing out their 401k or 403b plans for 24K each, they should do so as well as maxing out their Roth IRA. Traditional 401k/403b contributions will help them reduce their AGI and MAGI for Roth IRA purposes and stay under that 183K limit.
by DSInvestor
Wed May 20, 2015 2:02 pm
Forum: Investing - Help with Personal Investments
Topic: Rollovers/Back door Roth
Replies: 1
Views: 150

Re: Rollovers/Back door Roth

Your new 401k has some good low cost investment options (index funds) and assuming there are no extra fees, it would be a good place to hold the assets from your rollover IRA. Are you both contributing to Traditional 401k or Roth 401k? Traditional 401k would help stay under the MAGI limits for Roth ...
by DSInvestor
Wed May 20, 2015 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: Ways to fund an early retirement?
Replies: 40
Views: 2331

Re: Ways to fund an early retirement?

If shooting for early retirement without a pension, you should consider maxing out Traditional 401k/403b at work then Roth IRA via backdoor if necessary, then investing in taxable accounts paying attention to tax efficiency. This maximizes your tax deductions each year and gives you tax diversificat...
by DSInvestor
Wed May 20, 2015 12:18 pm
Forum: Investing - Help with Personal Investments
Topic: Head scratcher? why do these funds differ in performance?
Replies: 10
Views: 1056

Re: Head scratcher? why do these funds differ in performance?

Just bring up a chart of USD GBP exchange rates. In order for the funds to have identical performance, the exchange rates would have to be exactly When comparing two USD domiciled US stock market funds there is no foreign exchange issue. To bring up a chart showing exchange rates, visit yahoo finan...
by DSInvestor
Wed May 20, 2015 11:27 am
Forum: Investing - Help with Personal Investments
Topic: Head scratcher? why do these funds differ in performance?
Replies: 10
Views: 1056

Re: Head scratcher? why do these funds differ in performance?

Just bring up a chart of USD GBP exchange rates. In order for the funds to have identical performance, the exchange rates would have to be exactly When comparing two USD domiciled US stock market funds there is no foreign exchange issue. To bring up a chart showing exchange rates, visit yahoo financ...
by DSInvestor
Wed May 20, 2015 11:21 am
Forum: Investing - Help with Personal Investments
Topic: SEP IRA Question
Replies: 12
Views: 589

Re: SEP IRA Question

Now final question, and you all have been a big help, expense wise is there that big of a difference in having the IRA with a broker like Scottrade using Vanguard Index funds, or opening it directly with Vanguard? I know Vanguard charges $20 per fund in the account vs. $7 for each trade or purchase...
by DSInvestor
Wed May 20, 2015 12:41 am
Forum: Personal Consumer Issues
Topic: Looking for a DVR device for antenna TV (Simple.TV?)
Replies: 31
Views: 1897

Re: Looking for a DVR device for antenna TV (Simple.TV?)

Are the shows that you want to watch available on apps like PBS or Hulu? PBS app on Roku is free and you can some good stuff there - NOVA, Frontline, Nature, Masterpiece, American Experience. Hulu Plus costs 7.99/month and you wouldn't have to deal with recording anything as long as the show is avai...
by DSInvestor
Tue May 19, 2015 6:55 pm
Forum: Investing - Help with Personal Investments
Topic: Big change in AA
Replies: 6
Views: 460

Re: Big change in AA

VTMGX is Tax managed international. Was this 350K invested in international stocks at the FA before the transfer to Vanguard? If yes, just buy 350K right away and get back to your target AA. No...the 350K was not in international. I only have 4% of my portfolio now in Int'l....so it's a new allocat...
by DSInvestor
Tue May 19, 2015 6:10 pm
Forum: Investing - Help with Personal Investments
Topic: Big change in AA
Replies: 6
Views: 460

Re: Big change in AA

VTMGX is Tax managed international. Was this 350K invested in international stocks at the FA before the transfer to Vanguard? If yes, just buy 350K right away and get back to your target AA.
by DSInvestor
Tue May 19, 2015 3:32 pm
Forum: Investing - Help with Personal Investments
Topic: Turned 40, time to figure out a long-term plan
Replies: 13
Views: 2164

Re: Turned 40, time to figure out a long-term plan

For asset allocation, I think I can figure out the stock portion. I'm less certain about what fund we should use for our bonds. Total Bond Market in Vanguard Roth? one of the TIAA-Cref bond funds? F or G fund in TSP? I plan to read more about the differences, but is there one that is an obvious cho...
by DSInvestor
Tue May 19, 2015 1:54 pm
Forum: Investing - Help with Personal Investments
Topic: SEP IRA Question
Replies: 12
Views: 589

Re: SEP IRA Question

http://www.irs.gov/pub/irs-tege/rollover_chart.pdf Yes, but a SEP can't be rolled into a SIMPLE. Why do you need it to rollover to SIMPLE-IRA? You can stop contributing to the SEP-IRA, rollover to Traditional IRA, terminate SEP-IRA and then start a SIMPLE-IRA or another type of plan that would be a...
by DSInvestor
Tue May 19, 2015 1:29 pm
Forum: Investing - Help with Personal Investments
Topic: SEP IRA Question
Replies: 12
Views: 589

Re: SEP IRA Question

SEP-IRA can be rolled over into Traditional IRA or Roth IRA pretty much immediately after the contribution. Rollover from SEP-IRA to Roth IRA is a Roth conversion and would be taxable. Rollover to Traditional IRA would not be taxable.
by DSInvestor
Tue May 19, 2015 1:20 pm
Forum: Personal Finance (Not Investing)
Topic: Need help understanding SEP-IRA
Replies: 9
Views: 471

Re: Need help understanding SEP-IRA

I used to use SEP-IRA when I was self employed as an S-Corp. When organized as a corporation paying a W-2 salary, SEP-IRA contributions are made by the employer and can be 0-25% of W-2 salary. The percentage contributed to each employee must be the same. If I want the S-Corp to contribute 25% for me...
by DSInvestor
Mon May 18, 2015 11:00 am
Forum: Investing - Help with Personal Investments
Topic: Expense ratio question
Replies: 5
Views: 634

Re: Expense ratio question

A prorated amount of the expense ratio is taken each day. The NAV reported each trading day is after expense ratio has been taken out.
by DSInvestor
Mon May 18, 2015 10:23 am
Forum: Personal Finance (Not Investing)
Topic: EIN for individual 401k
Replies: 5
Views: 249

Re: EIN for individual 401k

First time posting! I am trying to open an individual 401k with Vanguard. The registration form demands an EIN which can not be my social security number. Although it seems easy to obtain this number on the IRS website for free and apparently quickly, is there any downside to doing this? Anything i...
by DSInvestor
Sun May 17, 2015 9:13 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage or Mutual Fund
Replies: 7
Views: 521

Re: Mortgage or Mutual Fund

I did a little of both after I maxed out all tax advantaged contribution space. It doesn't have to be all or nothing.
by DSInvestor
Sat May 16, 2015 8:36 pm
Forum: Investing - Help with Personal Investments
Topic: non deductible traditional ira options
Replies: 12
Views: 421

Re: non deductible traditional ira options

kavijj wrote:I keep calling an IRA, but it's a traditional 401K at work.
sorry, I told you I was confused.

Traditional 401k contributions are pre-tax (tax deductible) no matter how high your income.
by DSInvestor
Fri May 15, 2015 10:35 pm
Forum: Personal Consumer Issues
Topic: passport card faster than passport?
Replies: 32
Views: 1967

Re: passport card faster than passport?

Enhanced Drivers License or Enhanced ID would work great to cross border into Canada by land. I believe OP is a resident of Washington, and they issue enhanced DL/ID. It should arrive in less than 30 days. I think I got mine in less than 2 weeks in WA state. Enhanced DL also allows access to Ready ...
by DSInvestor
Fri May 15, 2015 4:55 pm
Forum: Personal Consumer Issues
Topic: passport card faster than passport?
Replies: 32
Views: 1967

Re: passport card faster than passport?

Enhanced Drivers License or Enhanced ID would work great to cross border into Canada by land. I believe OP is a resident of Washington, and they issue enhanced DL/ID. It should arrive in less than 30 days. I think I got mine in less than 2 weeks in WA state. Enhanced DL also allows access to Ready L...
by DSInvestor
Fri May 15, 2015 4:50 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roths or get rid of mortgage insurance?
Replies: 7
Views: 703

Re: Backdoor Roths or get rid of mortgage insurance?

Also, FWIW, we already max out a 403b and 401k (and those contributions would not be impacted), have minimal debt, fully-funded emergency fund, etc etc. The mortgage is a 30-year fixed at 3.375%. Are your 401k and 403b contributions Traditional or Roth? If Roth 401k/403b, switching to Traditional 4...
by DSInvestor
Thu May 14, 2015 5:50 pm
Forum: Investing - Help with Personal Investments
Topic: solo 401k while employed
Replies: 12
Views: 567

Re: solo 401k while employed

The 18K employee contribution limits for 401k is shared across all 401k plans. If you'll max out 18K at your w-2 job, you'd have no room left for employee contributions into solo 401k. You can still make the employee profit share contributions which is roughly 20% of your self employed net business...
by DSInvestor
Thu May 14, 2015 3:30 pm
Forum: Investing - Help with Personal Investments
Topic: solo 401k while employed
Replies: 12
Views: 567

Re: solo 401k while employed

I've been contributing to my 401k this entire year. Am I limited in my solo 401k contributions with my new IC job? The employee contribution limit of 18K is shared across all 401k plans. If you contributed 10K to the 401k at the W-2 job, that leaves 8K of contribution room for employee salary defer...
by DSInvestor
Thu May 14, 2015 3:25 pm
Forum: Investing - Help with Personal Investments
Topic: solo 401k while employed
Replies: 12
Views: 567

Re: solo 401k while employed

Currently work full time as MD for large hospital system. Have a 401k/403b which I fund to max every year. I'm now doing some ind contractor work on side. I would like to invest this money and am wondering if it would be better to just add it to my current taxable account or start a new solo 401k f...
by DSInvestor
Thu May 14, 2015 10:14 am
Forum: Personal Finance (Not Investing)
Topic: Renting Town home--How to analyze?
Replies: 7
Views: 770

Re: Renting Town home--How to analyze?

You may need to notify your mortgage company that you're renting out the home. Check your mortgage docs. http://homeguides.sfgate.com/need-notify-mortgage-company-rent-out-house-39695.html Mortgagees are mortgage lenders who give money to homebuyers to make their home purchases. In return for the mo...
by DSInvestor
Wed May 13, 2015 9:16 pm
Forum: Investing - Help with Personal Investments
Topic: IRA to Roth questions.....
Replies: 25
Views: 1397

Re: IRA to Roth questions.....

Waiting until the end of the year to convert doesn't save you any taxes necessarily unless the market goes down at time of conversion. You just make the estimated tax payment later in the year. If the market goes up towards the end of the year you would pay more in taxes. Thanks for the reply..... ...
by DSInvestor
Wed May 13, 2015 6:34 pm
Forum: Personal Consumer Issues
Topic: Make my iPhone switch from WiFi to mobile data when WiFi signal is low
Replies: 10
Views: 866

Re: Make my iPhone switch from WiFi to mobile data when WiFi signal is low

Does your router support dual band and is it setup for two SSIDs one for 2.4GHz and another for 5Ghz? If your iPhone is currently connected to the 5GHz SSID, maybe try to connect to the 2.4GHz SSID. 2.4GHz tends to have longer range than 5Ghz. Is there anything around the router? One of my neighbors...
by DSInvestor
Wed May 13, 2015 11:54 am
Forum: Personal Finance (Not Investing)
Topic: Some capital gains/losses questions (and a couple of other general tax questions)
Replies: 9
Views: 626

Re: Some capital gains/losses questions (and a couple of other general tax questions)

Shares are short term if they've been held for less than 1 yr. Shares are long term if they've been held for 1yr or longer. Long term capital gains tax rate applies to the capital gain realized when selling shares that have been held for 1yr or longer. Fairmark.com has some great information on capi...
by DSInvestor
Wed May 13, 2015 11:44 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Total Bond ETF vs Total Bond Admiral Fund
Replies: 10
Views: 924

Re: Vanguard Total Bond ETF vs Total Bond Admiral Fund

If your accounts are at Vanguard, use admiral shares. If at other firms where Total Bond Admiral is not available, consider the BND ETF shares.
by DSInvestor
Tue May 12, 2015 9:44 pm
Forum: Investing - Help with Personal Investments
Topic: Bond Fund Options
Replies: 4
Views: 509

Re: Bond Fund Options

Total Bond Market Index fund is a fine choice for a diversified US bond fund. If you're in a high tax bracket, it would be best to hold it in your tax advantaged accounts. If you are high tax bracket and would like to hold bonds in taxable accounts, you can consider Vanguard Intermediate Term Tax Ex...
by DSInvestor
Tue May 12, 2015 8:14 pm
Forum: Investing - Help with Personal Investments
Topic: Does 401K participation affect Roth IRA participation?
Replies: 8
Views: 875

Re: Does 401K participation affect Roth IRA participation?

401k and IRA contribution limits are separate. You are allowed to contribute to 401k and Roth IRA assuming your MAGI for Roth IRA purposes is under the Roth IRA MAGI limits. If your MAGI for Roth IRA purposes is below 183K, you are both eligible to contribute the max to Roth IRA. Note that the type ...
by DSInvestor
Mon May 11, 2015 7:11 pm
Forum: Investing - Help with Personal Investments
Topic: Taxable Accounts and Non-taxable accounts.
Replies: 2
Views: 261

Re: Taxable Accounts and Non-taxable accounts.

1) Dividends received in taxable accounts are taxable each year even if they are reinvested. Your brokerage firm will report these dividends to you and to IRS via 1099-DIV tax slip at tax time. Total Bond and REIT index throw off mostly Non-Qualified Dividend Income and they're not tax efficient. 2)...
by DSInvestor
Mon May 11, 2015 6:34 pm
Forum: Personal Consumer Issues
Topic: Cell phone question I need a cell phone one month a year but I will not have access to it the rest of the year. Can I do
Replies: 4
Views: 573

Re: Cell phone question I need a cell phone one month a year but I will not have access to it the rest of the year. Can

I have a couple small samsung T139 flip phones and have them turned off and unplugged for months at a time and there is charge whenever I turn it on. There may be some slow drain on the battery even if powered down. You should charge a day or two before you need to use the phone again, just to make ...
by DSInvestor
Mon May 11, 2015 6:28 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth IRA Question
Replies: 22
Views: 1383

Re: Backdoor Roth IRA Question

Thanks. I was thinking this through while running some errands and came to the same conclusion. I haven't done anything yet, and have nonzero deductible tIRA balance at present. So as long the following steps are taken: 1. Zero out deductible tIRAs by 12/31/15. 2. Make non-deductible IRA contributi...
by DSInvestor
Mon May 11, 2015 5:31 pm
Forum: Investing - Help with Personal Investments
Topic: Roth 401k and Traditional IRA question
Replies: 6
Views: 389

Re: Roth 401k and Traditional IRA question

I don't qualify due to my MAGI. I decided a few years ago that it made more sense to max out the Roth 401k rather than get the deduction on a traditional 401k. I can currently afford the extra taxes and still put in the max to the Roth 401k which I think in the long run will put me ahead to have al...
by DSInvestor
Mon May 11, 2015 12:00 pm
Forum: Investing - Help with Personal Investments
Topic: Help With A Co-Worker's Capital Gains Dilemma
Replies: 7
Views: 607

Re: Help With A Co-Worker's Capital Gains Dilemma

Perhaps I don't understand but how does this benefit the heirs? Suppose, they sell immediately after being gifted the shares, their profit is 0 right (since sale price is the same as the cost basis for them)? How do they get the cash benefit from the capital gain of the stock? Only the original buy...
by DSInvestor
Mon May 11, 2015 11:49 am
Forum: Investing - Help with Personal Investments
Topic: Roth 401k and Traditional IRA question
Replies: 6
Views: 389

Re: Roth 401k and Traditional IRA question

If one is covered by an employer plan, there are MAGI limits to take the TIRA tax deduction and the limits are quite low. For a single filer, full deduction allowed if MAGI<60K. No deduction allowed if MAGI > 70K. A good plan may be to max out Traditional 401k (which is deductible no matter how high...
by DSInvestor
Mon May 11, 2015 11:39 am
Forum: Investing - Help with Personal Investments
Topic: Admiral funds in a BoA/ML IRA?
Replies: 12
Views: 616

Re: Admiral funds in a BoA/ML IRA?

Are you charged any fees to purchase your vanguard mutual funds at BoA/ML? Vanguard funds aren't on the No Transaction Fee list of funds at other brokerage firms. If you are paying transactions to buy Vanguard mutual funds, you may want to consider moving your IRA assets to Vanguard where there will...
by DSInvestor
Sun May 10, 2015 7:27 pm
Forum: Personal Consumer Issues
Topic: Do banks take loose coinage?
Replies: 55
Views: 3461

Re: Do banks take loose coinage?

I did some shopping at a home depot or lower store and paid at self checkout by pouring a zip lock bag of coins into the check out machine. The machine had a little funnel to collect all the coins so you don't have to insert coins one at a time.
by DSInvestor
Sat May 09, 2015 9:16 pm
Forum: Personal Consumer Issues
Topic: Lightweight camping gear
Replies: 41
Views: 2676

Re: Lightweight camping gear

What about REI's Quarter Dome Tent currently on sale for $169? package weight is 3 lbs 7 oz. Min trail weight is 2 lb 14oz. http://www.rei.com/product/864796/rei-quarter-dome-t1-tent-special-buy#tab-reviews REI Quarter Dome 1 tent is a little lighter - package weight is 2 lb 10oz, min trail weight i...
by DSInvestor
Sat May 09, 2015 1:27 am
Forum: Personal Finance (Not Investing)
Topic: still another question about buying a house
Replies: 2
Views: 325

Re: still another question about buying a house

When I bought my first home, the owner was not at the act of sale. His agent had power of attorney for the transaction. I did not have any problems.
by DSInvestor
Fri May 08, 2015 3:09 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth contribution despite previous conversion?
Replies: 10
Views: 470

Re: Backdoor Roth contribution despite previous conversion?

Thanks DSInvestor. The tIRA contribution will be non-deductible in our case (we're married filing separately), so if I'm understanding, it will not be taxable upon conversion. The IRA basis that is converted is not taxable. The key is to make sure that form 8606 tracked your IRA basis. Assuming thi...
by DSInvestor
Fri May 08, 2015 2:47 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth contribution despite previous conversion?
Replies: 10
Views: 470

Re: Backdoor Roth contribution despite previous conversion?

To restate what DSInvestor just posted, you will pay taxes on the $12,000 on your 2015 tax return. $6,500 is for the conversion of an existing traditional IRA. $5,500 is for a non-deductable contribution (as the $5,500 is taxed as income) or a deductable contribution (if the $5,500 is subtracted fr...

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