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Re: How to auto invest VTI/VXUS with no fees??

I don't think ETF purchases can be automated. If you want to automate purchases into Total Stock Market and Total International Stock Market at Fidelity consider using Fidelity Spartan index mutual funds which should be commission free at Fidelity and have expense ratios competitive with Vanguard's....
by DSInvestor
Sat Jan 24, 2015 10:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: How to auto invest VTI/VXUS with no fees??
Replies: 9
Views: 568

Re: How do I utilize a VG Taxable account?

Fairmark.com has some sections on taxation of investments:
Fairmark's Guide to Capital Gains and Losses:
http://fairmark.com/investment-taxation/capital-gain/

Fairmark's Mutual Fund Tax Guide:
http://fairmark.com/mutual/index.htm
by DSInvestor
Sat Jan 24, 2015 9:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: How do I utilize a VG Taxable account?
Replies: 15
Views: 1598

Re: rebalancing after an inheritance

You can exchange stocks for bonds in the 401k and IRAs to get you closer to target. Do you have any good low cost bond options in your 401k? Since you're still working, all new 401k and IRA contributions should go to bonds. If you still need to hold bonds in the taxable account consider something li...
by DSInvestor
Sat Jan 24, 2015 8:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: rebalancing after an inheritance
Replies: 2
Views: 239

Re: Putting an inheritance in a Roth IRA

The inheritance was in cash. I will see if they had any income. Is it still possible to contribute for 2014, if they had income last year? Yes, IRA contributions for tax year 2014 can be made until April 15, 2015 (tax filing deadline). IRA contributions for tax year 2015 can be made from Jan 1, 201...
by DSInvestor
Sat Jan 24, 2015 7:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: Putting an inheritance in a Roth IRA
Replies: 7
Views: 554

Re: Backdoor Roth

The calculation of the taxable and non-taxable amounts of Roth conversions and IRA withdrawals happens in IRS Form 8606. Form 8606: http://www.irs.gov/pub/irs-pdf/f8606.pdf Instructions for Form 8606: http://www.irs.gov/pub/irs-pdf/i8606.pdf In form 8606 follow lines 1-15. Notice that line 6 asks fo...
by DSInvestor
Sat Jan 24, 2015 5:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth
Replies: 1
Views: 202

Re: Roth IRA contribution from Brokerage Account

Roth IRA contributions for tax year 2014 are permitted until April 15, 2015 (tax filing deadline). Roth IRA contributions for tax year 2015 are permitted until April 15, 2016. In order to contribute to IRA for any tax year, you or your spouse must have compensation for that tax year. If you or your ...
by DSInvestor
Sat Jan 24, 2015 12:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: Roth IRA contribution from Brokerage Account
Replies: 7
Views: 226

Re: 2015 Roth IRA question

I expect to be unemployed in 2015. Am I still eligible to contribute to a 2015 Roth IRA? Thanks, Bob If you're single and will be unemployed for all of calendar 2015, then you will not have the required compensation to make Roth IRA contributions for tax year 2015. If you pick up some side income, ...
by DSInvestor
Sat Jan 24, 2015 12:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: 2015 Roth IRA question
Replies: 5
Views: 374

Re: Can I exchange VG taxable account funds to IRA

Thanks for the replies everyone, I appreciate it. The shares I am planning to sell do not currently show any losses, and the short term capital gains are small for the ones I want to sell (less than $280 total). Fortunately I am in the 15% tax bracket so if I read the rules correctly my long term g...
by DSInvestor
Fri Jan 23, 2015 11:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: Can I exchange VG taxable account funds to IRA
Replies: 10
Views: 683

Re: Can I exchange VG taxable account funds to IRA

You can exchange from a fund in a taxable account to a fund in a Roth IRA account to make the Roth IRA contribution. This will sell shares of the fund in the taxable account which will trigger a capital gains tax event.
by DSInvestor
Fri Jan 23, 2015 7:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: Can I exchange VG taxable account funds to IRA
Replies: 10
Views: 683

Re: Convert old IRA to Roth? Backdoor Roth?

Here's a link to thefinancebuff's (tfb) Backdoor Roth: A complete How-To:
http://thefinancebuff.com/the-backdoor- ... ow-to.html
by DSInvestor
Fri Jan 23, 2015 4:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: Convert old IRA to Roth? Backdoor Roth?
Replies: 3
Views: 209

Re: Schwab equivalent to vanguard total world?

I believe it is possible to have two separate taxable accounts at Vanguard.
by DSInvestor
Fri Jan 23, 2015 4:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: Schwab equivalent to vanguard total world?
Replies: 5
Views: 508

Re: Convert old IRA to Roth? Backdoor Roth?

The income limits for Roth IRA contribution eligibility use a Modified Adjusted Gross Income (MAGI). MAGI starts with AGI. Is your husband contributing to Traditional 401k or Roth 401k? Traditional 401k and HSA ontributions would reduce AGI and MAGI for Roth IRA purposes and help you stay under the ...
by DSInvestor
Fri Jan 23, 2015 4:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Convert old IRA to Roth? Backdoor Roth?
Replies: 3
Views: 209

Re: Should I sell tax inefficient mutual funds?

Over 12 years ago when I was a complete rookie in investing, I found two mutual funds I felt comforatable with: VWIAX (Vanguard Wellesley), and PRWCX (T. Rowe Price Capital Appreciation). Unfortunately, I hold both of these in taxable accounts and over the years I have grown increasingly disappoint...
by DSInvestor
Fri Jan 23, 2015 2:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I sell tax inefficient mutual funds?
Replies: 14
Views: 923

Re: SEP-IRAs, Solo 401k plans, and Backdoor Roth Contributio

Can I combine the SEP-IRA (pre-tax) with a non-deductible tIRA contribution ($5500) for 2015 (or maybe 2014 too) and convert both pools of money into a Roth? How would that work with the tax calculations? Your SEP-IRA has $11K. The gain in those investments are irrelevant. If you make a non-deducti...
by DSInvestor
Thu Jan 22, 2015 7:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: SEP-IRAs, Solo 401k plans, and Backdoor Roth Contributions
Replies: 13
Views: 700

Re: SEP-IRAs, Solo 401k plans, and Backdoor Roth Contributio

How much is in the SEP-IRA? The gain in the SEP-IRA is irrelevant as it is probably all pre-tax money. If it is a relatively small amount (low thousands), you can consider converting everything in your SEP-IRA and Traditional IRA to Roth IRA when you do the conversion step of the backdoor into Roth ...
by DSInvestor
Thu Jan 22, 2015 2:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: SEP-IRAs, Solo 401k plans, and Backdoor Roth Contributions
Replies: 13
Views: 700

Re: Stop the BS 401k and go IRA?

You can do a Roth IRA depending on income limits and can always do a non-deduct IRA. Otherwise taxable savings might be a better option (depending on 401K match - take the match no matter what). Edit: Check for in service rollovers which allow you to gte money out... unlikely in the types of plans ...
by DSInvestor
Tue Jan 20, 2015 9:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: Stop the BS 401k and go IRA?
Replies: 8
Views: 966

Re: Meeting fund minimums

In the taxable account, buy Total Stock Market VTSMX with $3000.
In the Roth IRA, buy a target retirement fund ($1000 minimum initial investment).
by DSInvestor
Tue Jan 20, 2015 9:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: Meeting fund minimums
Replies: 4
Views: 425

Re: Stop the BS 401k and go IRA?

Roth IRA/Traditional IRA share a $5500 limit $6500 for folks age 50+. Your spouse can contribute as well even without compensation as long as you file joint tax return. You have until April 15, 2015 to contribute to IRA for tax year 2014.

Taxable account has no limit to what you can contribute.
by DSInvestor
Tue Jan 20, 2015 9:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: Stop the BS 401k and go IRA?
Replies: 8
Views: 966

Re: Figuring out early withdrawal penalty on SEP-IRA

Close. You will pay the 10% penalty and ordinary income tax. If you are already in the 25% tax bracket then some of the extra $100,000 will be in the 28% or even 33% bracket. thanks. I forgot that the extra taxable income could push the bracket higher. You can run some rough numbers with taxcaster ...
by DSInvestor
Tue Jan 20, 2015 2:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: Figuring out early withdrawal penalty on SEP-IRA
Replies: 4
Views: 290

Re: Tax Loss Harvesting Form ?

You may get several tax slips. 1099-DIV handles the dividend, capital gains distributions and foreign taxes paid. 1099-INT handles interest from interest bearing accounts and tax exempt bond funds. 1099-B handles the sale of funds, stocks, ETFs etc in your taxable account. This is where you will see...
by DSInvestor
Tue Jan 20, 2015 12:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tax Loss Harvesting Form ?
Replies: 7
Views: 486

Re: What if I incorrectly fund my IRA/401k?

Ijim wrote:
I have my own company and have a 401k play but I do not have a traditional IRA. Do I need to set up some kind of SEP IRA to do this back door?
thanks


Open a Traditional IRA, contribute, then convert to Roth IRA.
by DSInvestor
Tue Jan 20, 2015 12:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: What if I incorrectly fund my IRA/401k?
Replies: 18
Views: 1596

Re: Traditional or Roth IRA

Thanks for the clarification. One more question, if my wife's employer-sponsored 401k is a joke, can she contibute elsewhere after doing the 3% for the matching fund and the remainder of the $18k limit in a Vanguard fund? This would reduce our combined AGI. To recap, we can't do Traditional IRA bec...
by DSInvestor
Tue Jan 20, 2015 12:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Traditional or Roth IRA
Replies: 6
Views: 476

Re: Traditional or Roth IRA

All, My AGI is $88.1k (maximum TSP contribution really helps) and my wife's AGI is $42.3k ($400 401k contribution really hurts. The IRS website indicates that $98k is the limit for full deduction of traditional IRA under "married filed jointly" status. Is $98k a limit per person or househ...
by DSInvestor
Mon Jan 19, 2015 10:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Traditional or Roth IRA
Replies: 6
Views: 476

Re: Tax Efficiency Question- What to Put Where?

Is there no 401k, 403b, 457b, SEP IRA or SIMPLE IRA available at work? No, I'm an independent contractor. I was recently informed of LLCing to start a solo 401k, which I will be looking into, but I feel like going to be a major time commitment, which I won't be able to fully look into for a while. ...
by DSInvestor
Mon Jan 19, 2015 10:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: Tax Efficiency Question- What to Put Where?
Replies: 12
Views: 895

Re: Asset target allocation after-tax or current

I do not tax adjust. I have Traditional, Roth and taxable accounts. I find that I'm able to tap my taxable assets and convert to Roth for zero tax cost. YMMV.
by DSInvestor
Mon Jan 19, 2015 8:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: Asset target allocation after-tax or current
Replies: 2
Views: 214

Re: Roth IRA and 401k limits ?

I have been meaning to ask a similar question: Can I max out a Roth 403b ($18,000) and a Roth IRA ($5500) in the same year (Income limits are not an issue for me)? Someone recently told me I could. I had thought I could not based on the IRS website: "Is there a limit on how much I may contribu...
by DSInvestor
Mon Jan 19, 2015 8:01 pm
 
Forum: Investing - Theory, News & General
Topic: Roth IRA and 401k limits ?
Replies: 17
Views: 955

Re: Roth IRA and 401k limits ?

ok - one more - Some of the articles use the term... Contribution Limit and "Ineligible" After looking at IRS Pub 590 - I think the key "word" that is missing from these articles is the implied wording "Ineligible deduction" ... RIGHT ? ie - if our (MFJ) MAGI is above ...
by DSInvestor
Mon Jan 19, 2015 7:58 pm
 
Forum: Investing - Theory, News & General
Topic: Roth IRA and 401k limits ?
Replies: 17
Views: 955

Re: Best watch for around $5,000?

Pardon my ignorance/gullibility, but I have a serious question. Last year around this time, one swiss franc traded for $1.12 or so. Last week, it traded for $0.98 or so. Today, it is trading for $1.16. Does this mean that the price of a Rolex watch (substitute with any similarly priced luxury item ...
by DSInvestor
Mon Jan 19, 2015 6:11 pm
 
Forum: Personal Consumer Issues
Topic: Best watch for around $5,000?
Replies: 842
Views: 171179

Re: calculating tax deferred vs taxable

sorry, I am not being clear. let's say I am at a 35% tax bracket in retirement as well as currently. let's say retirement is 2 years away. It seems that putting VTI in a taxable account is better than a tax deferred account if I am pulling all the money out in year 1 of retirement (as I will pay or...
by DSInvestor
Mon Jan 19, 2015 4:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: calculating tax deferred vs taxable
Replies: 11
Views: 596

Re: Bored when market is closed

You need to find something else to occupy your time. If memory serves me, you're in Canada right? It's not a holiday in Canada so I assume you're making some money at your job.
by DSInvestor
Mon Jan 19, 2015 1:04 pm
 
Forum: Investing - Theory, News & General
Topic: Bored when market is closed
Replies: 28
Views: 2080

Re: Setting price limit for ETF

Instead of entering a market order to buy, you select a limit order. Market order does not allow you to set a price, the trade will execute at market price whatever it may be. A limit order allows you to set a price. Do you not have enough to meet the minimum initial purchase of vanguard mutual fund...
by DSInvestor
Mon Jan 19, 2015 12:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: Setting price limit for ETF
Replies: 22
Views: 1190

Re: calculating roth vs taxable

sorry, I meant tax deferred (ie reg ira or 401k) not roth. is there some way to edit the title of the post? It is clear to me that a roth is better than taxable assuming tax rates in retirement are the same (20%). Is there some way to calculate at what tax rate fully taxable is better. In other wor...
by DSInvestor
Mon Jan 19, 2015 12:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: calculating tax deferred vs taxable
Replies: 11
Views: 596

Re: Backdoor Roth question

There is no penalty assuming you're under age 70. Traditional IRA contributions are not permitted in and after the year that you turn 70.5. The MAGI limits for Roth IRA contributions do not come into play because you're not contributing to Roth IRA. You're contributing to Traditional IRA, then conve...
by DSInvestor
Sun Jan 18, 2015 10:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth question
Replies: 1
Views: 229

Re: When is it tax loss harvesting...

selling when market is down is not a no-no. That's typically when you harvest tax losses in taxable accounts, and it is a great way to sell stuff that you don't want for less tax cost. In 2008/2009, the market decline allowed me to sell my high cost actively managed funds and individual stocks for l...
by DSInvestor
Sun Jan 18, 2015 4:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: When is it tax loss harvesting...
Replies: 9
Views: 895

Re: Fastest way to transfer cash from Fidelity to Vanguard

I have always used an ACH push from Fidelity from my bank and then ACH pull from Vanguard. If the bank account in the middle has more than the amount you wish to transfer, you can do request the push and pull transactions on the same day. If bank doesn't have enough cash, you'd have to wait for the ...
by DSInvestor
Sun Jan 18, 2015 4:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: Fastest way to transfer cash from Fidelity to Vanguard
Replies: 7
Views: 497

Re: question about income funds

Probably a long term treasury bond fund. Vanguard's Long Term Treasury fund was up 25.28% for 2014. The vanguard fund has an average duration of 16.4 yrs. If interest rates fell 1%, the NAV would gain 16.4%. If rates rose 1%, the NAV would lose 16.4%
by DSInvestor
Sun Jan 18, 2015 1:43 pm
 
Forum: Investing - Theory, News & General
Topic: question about income funds
Replies: 4
Views: 515

Re: Securing my Laptop Prior to Repair

remove the hard drive. It should be easy to find out how for your laptop with a google search. On an Acer netbook, I was able to access the HD by removing one screw. On my macbook pro, I had to remove about 10 screws. Both were easy to remove.
by DSInvestor
Sun Jan 18, 2015 1:36 pm
 
Forum: Personal Consumer Issues
Topic: Securing my Laptop Prior to Repair
Replies: 15
Views: 1087

Re: Fund Placement Concerns - Rebalance or Pay Cap Gains Tax

My AA is 60/40 and the portfolio is 22% tax-deferred and 78% taxable. Tax-deferred consists of bonds and REITS so I have a good chunk of munis in taxable to get my FI up to 40%. We're still accumulating but not as fast as we were in the past. Specifically, my domestic/international band is too heav...
by DSInvestor
Sun Jan 18, 2015 1:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: Fund Placement Concerns - Rebalance or Pay Cap Gains Tax?
Replies: 12
Views: 708

Re: Not grasping the backdoor roth-please help

I may also be unclear, but wanted to pose a related question.... Recent job change--Started January 1, 2015. In 2014, I had a 401k with a previous Roth already established; no other pre-tax contributions. I was ineligible for front door Roth contributions. If I rolled over my 401k from 2014 to a Tr...
by DSInvestor
Sat Jan 17, 2015 11:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: Not grasping the backdoor roth-please help
Replies: 11
Views: 1406

Re: Roth 401k Vs Traditional 401k question

Roth 401k has RMD. However, you can rollover the Roth 401k assets to Roth IRA to avoid RMD. With 20K pension income which may fill your 0% bracket upon retirement, you may be able to withdraw from 401k at lower average tax rates than the 25% fed 5% state that you'd pay now for Roth 401k contribution...
by DSInvestor
Sat Jan 17, 2015 1:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: Roth 401k Vs Traditional 401k question
Replies: 4
Views: 350

Re: ETF or Fund for Total Stock, Total Int'l (In Taxable)

All of our assets are at Vanguard. But can't mutual funds distribute cap gains? Yes, and so can ETFs. IMO, mutual fund share class is easier to work with. If you're already at Vanguard, you can get Admiral shares which share the same expense ratio as the ETF share class. You can automate transactio...
by DSInvestor
Sat Jan 17, 2015 12:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: ETF or Fund for Total Stock, Total Int'l (In Taxable)
Replies: 8
Views: 679

Re: Business Taxe filing software

P&L statement can be generated by your accounting software like Quickbooks. Turbotax and Taxact both have small business tax packages. TaxAct is quite a bit cheaper. TaxAct Small Business: http://www.taxact.com/business-returns/ Turbotax Small Business: https://turbotax.intuit.com/small-business...
by DSInvestor
Sat Jan 17, 2015 12:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: Business Taxe filing software
Replies: 7
Views: 465

Re: Vanguard ETFs, Are fractional shares allowed?

Reinvestment of distributions - can acquire fractional shares.
Buying ETF - integer number of shares only.
Selling ETF - integer number of shares only accepted in the order. If position remaining has less that 1.0 shares, the remaining fractional shares will be sold off by your brokerage firm.
by DSInvestor
Sat Jan 17, 2015 12:37 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard ETFs, Are fractional shares allowed?
Replies: 12
Views: 935

Re: Solo 401K Contribution Question

The max employer profit share is 25% of your W-2 income. Solo 401k employee salary deferral contributions are withheld from your paychecks. Other withholdings for payroll taxes (social security and medicare) may mean that you cannot actually contribute 17.5K employee profit share on 17.5K W-2 income...
by DSInvestor
Fri Jan 16, 2015 9:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: Solo 401K Contribution Question
Replies: 2
Views: 275

Re: Instant coffee

I like Luzianne Instant Coffee & Chicory:
http://www.reilyproducts.com/Luzianne-I ... icory-8-Oz
by DSInvestor
Thu Jan 15, 2015 8:14 pm
 
Forum: Personal Consumer Issues
Topic: Instant coffee
Replies: 34
Views: 3325

Re: Physician with first "real job" -need help with 401K

It turns out I do have access to a 457 as well-would that mean I could contribute 18K each to the 401k and the 457? Yes, you will be able to contribute 18K to the 457 but if you're changing jobs mid year, be aware that your contributions to 403b in job 1 will reduce what you can contribute to 401k ...
by DSInvestor
Thu Jan 15, 2015 7:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: Physician with first "real job" -need help with 401K
Replies: 7
Views: 1182

Re: form 8606 question

My wife and I each contributed to a traditional IRA in 2/2014 (for 2013), then converted to a Roth a few days later (first time getting a tIRA, first year doing backdoor Roth). We did not include form 8606 in our tax return in 4/2014. Should we have filed 8606? Can I still file the 8606 for 2013? I...
by DSInvestor
Thu Jan 15, 2015 7:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: form 8606 question
Replies: 6
Views: 1054

Re: VG ETF that resembles Total International at TD Ameritra

Vanguard FTSE All World ex-US ETF VEU is a very close match for Vanguard Total International Stock VXUS/VGTSX/VTIAX.
by DSInvestor
Thu Jan 15, 2015 2:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: VG ETF that resembles Total International at TD Ameritrade?
Replies: 4
Views: 313

Re: Debate: Roth 401k vs Trad 401k

Thanks for breaking the numbers down. I would love to be able to do that, but unfortunately my cost of living is pretty high (need about $1,800 + $500 for IRA monthly). If you want to max out a 401k it is much easier to do so with Traditional 401k contributions rather than Roth 401k contributions. ...
by DSInvestor
Thu Jan 15, 2015 1:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Debate: Roth 401k vs Trad 401k
Replies: 26
Views: 1772

Re: Debate: Roth 401k vs Trad 401k

1) If I contributed the max to a Traditional (about 29% = $17,922) That would only reduce my salary to $43,878. Wouldn't this amount still be taxed at 25%? Being in the 25% tax bracket does not mean that all of income is taxed at 25%. Only the portion of income that falls in the 25% bracket is taxe...
by DSInvestor
Thu Jan 15, 2015 1:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Debate: Roth 401k vs Trad 401k
Replies: 26
Views: 1772
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