Search found 6992 matches

Return to advanced search

Re: Avoiding the jump to the 25% tax bracket

not to mention the 15% capital gains tax when you touch the 25% bracket :oops: You are limited to the amount of cap gains that is taxed at 0% when you are in the 15% bracket. The total of: earned income + qualified dividends + cap gains cannot be greater than $74.9k + (deductions and exemptions) . ...
by DSInvestor
Mon Mar 02, 2015 11:23 am
 
Forum: Investing - Help with Personal Investments
Topic: Avoiding the jump to the 25% tax bracket
Replies: 11
Views: 987

Re: Please correct if my tax calculation is not accurate

If you back out the $5500 state tax, that increases your taxable income by 5500 which increases your Fed tax to approx 23,913 assuming you only have ordinary income and no QDI/LTCG. I don't know what that DD healthcare is and I'm not sure if you can fully deduct that. What numbers do you get for Tax...
by DSInvestor
Mon Mar 02, 2015 2:10 am
 
Forum: Personal Finance (Not Investing)
Topic: Please correct if my tax calculation is not accurate
Replies: 11
Views: 380

Re: porfolio equivalency - vanguard and fidelity

Are the following two portfolios completely equivalent? This is in relation to the diversification across two custodians - 50% - Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX) 30% - Vanguard Total International Stock Index Fund Admiral Shares (VTIAX) - Includes Emerging Markets 20% -...
by DSInvestor
Mon Mar 02, 2015 2:01 am
 
Forum: Investing - Help with Personal Investments
Topic: porfolio equivalency - vanguard and fidelity
Replies: 2
Views: 207

Re: Please correct if my tax calculation is not accurate

federal Taxable income: 190k- standard deduction (12400) -personal exemption (3950x4=15800)-401k,403b, 457b (25k)- state tax (5500) -healthcoverage DD 8000=190k-66,700k=123,300= Fed tax 22537.5 bold = my emphasis The tax deduction for state income tax is part of itemized deductions. If you take the...
by DSInvestor
Mon Mar 02, 2015 1:54 am
 
Forum: Personal Finance (Not Investing)
Topic: Please correct if my tax calculation is not accurate
Replies: 11
Views: 380

Re: Taxable Accounts-Cost Basis

The 0% tax rate for Long Term Capital Gains (LTCG) is for federal income tax only. If you reside in a state with income tax, your state will most likely tax the LTCG as ordinary income.
by DSInvestor
Sun Mar 01, 2015 11:44 pm
 
Forum: Investing - Theory, News & General
Topic: Taxable Accounts-Cost Basis
Replies: 3
Views: 315

Re: Is Roth conversion too late for 2014?

1. Yes, they could have converted some amount to Roth IRA for no tax if their deductions exceeded their income. Depending on the composition of their income, they can have a positive number for taxable income (line 43 on 1040 form) and still pay no Federal income tax. For example if some of their in...
by DSInvestor
Sun Mar 01, 2015 11:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is Roth conversion too late for 2014?
Replies: 8
Views: 434

Re: 401k options

If the TR fund matches the desired asset allocation, it's a great choice for use in the VG I401(k) and also for your Roth IRAs. The Vanguard Target Retirement (TR) and LifeStrategy (LS) funds are actually lower cost than holding Investor shares in similar ratios Two reasons for this: 1. The TR and L...
by DSInvestor
Sun Mar 01, 2015 9:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401k options
Replies: 2
Views: 157

Re: Newbie help

One other item that I forgot to mention. I have already submitted my 2014 taxes to my accountant. How would I handle the 8606 then? It doesn't sound like your accountant has finished preparing your return yet. Let your accountant know that you and your wife will make Traditional IRA contributions f...
by DSInvestor
Sun Mar 01, 2015 9:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Newbie help
Replies: 10
Views: 336

Re: iPhone upgrade

iPhones are expensive. I bought an unlocked iPhone 5S 32MB and paid full price $599. One advantage of an unlocked phone is that you can switch companies if you find a better plan or need to use the phone with a SIM card in another country. iPhone 6 unlocked is even more money $649 (16GB), 749 (32GB)...
by DSInvestor
Sat Feb 28, 2015 7:06 pm
 
Forum: Personal Consumer Issues
Topic: iPhone upgrade
Replies: 23
Views: 1614

Re: Does a Roth IRA make sense if you live in a high COL pla

Roth IRA is for when you think you will be in a higher tax bracket when you retire. Is this no longer reasonable if you live in San Francisco, New York City, etc (high cost of living places), when you're young? I used to max out Traditional 401k/solo 401k, then maxed out Roth IRA, then contributed ...
by DSInvestor
Sat Feb 28, 2015 6:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: Does a Roth IRA make sense if you live in a high COL place?
Replies: 85
Views: 2997

Re: Backdoor ROTH went wrong (2014)

If you tell turbotax that you made Traditional IRA contributions for 2014 tax year, it should examine your tax situation and determine whether those contributions are deductible or non-deductible. If non-deductible, it will add form 8606 automatically. Remember that you did two things in 2014 1) Con...
by DSInvestor
Sat Feb 28, 2015 4:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Backdoor ROTH went wrong (2014)
Replies: 8
Views: 569

Re: I need some commets on my portfolios

Too complicated IMO. Why would you need to hold MidCap, Madcap Growth and Madcap Value? I would suggest simplifying to Total Stock Market, Total International Stock Market and Total Bond Market using mutual fund shares held at Vanguard rather than ETF. If you're not willing to move your assets to Va...
by DSInvestor
Sat Feb 28, 2015 4:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: I need some comments on my portfolios
Replies: 7
Views: 703

Re: SEP-IRA vs Solo 401(k)

I believe TD offers Vanguard FTSE All World ex-US ETF VEU commission free. This would be an excellent alternative to VG Total International Stock VGTSX/VTIAX/VXUS.
by DSInvestor
Sat Feb 28, 2015 2:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: SEP-IRA vs Solo 401(k)
Replies: 13
Views: 597

Re: Total Return vs Investor Return

Links to Investor Return and Total Return in the Morningstar Glossary:
Investor Return: http://www.morningstar.com/InvGlossary/ ... eturn.aspx
Total Return: http://www.morningstar.com/InvGlossary/ ... eturn.aspx
by DSInvestor
Fri Feb 27, 2015 5:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: Total Return vs Investor Return
Replies: 3
Views: 266

Re: SEP-IRA vs Solo 401(k)

I have definitely become biased toward Vanguard from all the boglehead reading etc. While I could own Vanguard ETFs through schwab or fidelity, but are the commission charges per ETF or the total purchase? For example, if I were to put in 2800 per month over 5-6 ETFs would that be $8 per ETF or $8 ...
by DSInvestor
Fri Feb 27, 2015 4:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: SEP-IRA vs Solo 401(k)
Replies: 13
Views: 597

Re: SEP-IRA vs Solo 401(k)

Consider using a Fidelity Self Employed 401(k) where you can hold Spartan Advantage index funds with expense ratios that are competitive with Vanguard. If there is something you want that is not offered in a Spartan index fund, you can hold ETFs. Fidelity has a list of iShares ETFs that are availabl...
by DSInvestor
Fri Feb 27, 2015 3:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: SEP-IRA vs Solo 401(k)
Replies: 13
Views: 597

Re: Tax efficiency of bonds in a taxable account

Did you fill your 401(k) and IRA tax advantaged space with bonds? If you hold a mix of stocks and bonds in your tax advantaged space, consider exchanging stocks for bonds there and hold the equities in your taxable account. The more bonds you hold in your tax advantaged space, the less you need to h...
by DSInvestor
Fri Feb 27, 2015 1:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: Tax efficiency of bonds in a taxable account
Replies: 9
Views: 704

Re: Roth IRA clarification

Since you file joint tax return, your wife can also contribute 5.5K to her Traditional IRA for 2014 and another 5.5K for 2015 based on your compensation.
by DSInvestor
Fri Feb 27, 2015 2:16 am
 
Forum: Investing - Help with Personal Investments
Topic: Roth IRA clarification
Replies: 6
Views: 372

Re: Roth IRA clarification

Roth IRA contributions are not permitted if your MAGI exceeds 191K for tax year 2014 and 193K for 2015. See this IRS page: http://www.irs.gov/Retirement-Plans/Roth-IRAs Traditional IRA contributions are not restricted by high income but the Traditional IRA tax deduction is subject to phase out if yo...
by DSInvestor
Fri Feb 27, 2015 1:09 am
 
Forum: Investing - Help with Personal Investments
Topic: Roth IRA clarification
Replies: 6
Views: 372

Re: Cost of medication - Costco versus Walgreens

I suppose you can ask your doctor to write you a paper prescription, then use apps or websites like goodrx to find prices at different pharmacies.
by DSInvestor
Fri Feb 27, 2015 1:04 am
 
Forum: Personal Finance (Not Investing)
Topic: Cost of medication - Costco versus Walgreens
Replies: 13
Views: 996

Re: IRA investment after retirement?

In retirement, with very nominal earned income, I am not able to contribute the max to Roth (6500$). Traditional IRA and Roth IRA share the same $6500/yr contribution limit. Be aware that Traditional IRA contributions are not allowed once you're 70.5. Roth IRA contributions are allowed after age 70...
by DSInvestor
Fri Feb 27, 2015 12:07 am
 
Forum: Personal Finance (Not Investing)
Topic: IRA investment after retirement?
Replies: 9
Views: 601

Re: Which Bonds To Invest In?

I suggest Fidelity Spartan US Bond Index FBIDX er=0.22% in the Rollover IRA at Fidelity. If you wish to hold bonds in the taxable account, consider Vanguard Intermediate Term Tax Exempt VWITX er=0.20% for Investor shares. Admiral shares VWIUX er=0.12% requires 50K minimum initial investment. Any rea...
by DSInvestor
Thu Feb 26, 2015 10:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: Which Bonds To Invest In?
Replies: 8
Views: 1085

Re: Roth and REITs

REIT is not tax efficient and best held in tax advantaged accounts like IRA. Roth IRA would be a good place for REIT. Taxable accounts would not be a good place to hold REIT. REIT can be quite volatile. Do you have much room in your Roth IRA to hold other asset classes to allow you to rebalance?
by DSInvestor
Thu Feb 26, 2015 9:44 pm
 
Forum: Investing - Theory, News & General
Topic: Roth and REITs
Replies: 5
Views: 723

Re: Estimate capital gains

You mention Fidelity in your other posts. If you're investing at Fidelity, you can see the cost basis for your investments at the Fidelity website. Logon to fidelity. In each account, select Action-> Positions. Here you will see the total cost basis for each position. To see details on each tax lot,...
by DSInvestor
Thu Feb 26, 2015 9:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: Estimate capital gains
Replies: 4
Views: 274

Re: Ideas of where to relocate

Utah is great for biking, hiking and spectacular scenery.
by DSInvestor
Thu Feb 26, 2015 4:36 pm
 
Forum: Personal Consumer Issues
Topic: Ideas of where to relocate
Replies: 32
Views: 2460

Re: Credit Card Refund Not Posted

It may take a few days for the credit to appear.
by DSInvestor
Thu Feb 26, 2015 1:13 pm
 
Forum: Personal Consumer Issues
Topic: Credit Card Refund Not Posted
Replies: 14
Views: 794

Re: Recommend a quality (and reasonably priced) knife set

The America's Test Kitchen cookbook has a section on equipment reviews. They like the Victorinox Fibrox knives. We bought a VIctorinox Fibrox chef's knife ($32) and it's great.
by DSInvestor
Thu Feb 26, 2015 11:41 am
 
Forum: Personal Consumer Issues
Topic: Recommend a quality (and reasonably priced) knife set
Replies: 64
Views: 2405

Re: Roth IRA Contribution limit - MAGI - which line on 1040

MAGI for Roth IRA purposes starts with Adjusted Gross Income (Line 38 on 1040 form) and makes adjustments. Here is a link to IRS Pub 590A (2014) to show you how to calculate MAGI for Roth IRA purposes:
http://www.irs.gov/publications/p590a/c ... 1000230985
by DSInvestor
Thu Feb 26, 2015 11:31 am
 
Forum: Investing - Help with Personal Investments
Topic: Roth IRA Contribution limit - MAGI - which line on 1040
Replies: 6
Views: 223

Re: What are Costco's best deals?

Thomas' English Muffins 4 6 packs for $6.79.
O'Mara's Irish Cream 1.5L for $12.99 - great in coffee.
Kirkland Vodka is very inexpensive certain states (CA/NV)
by DSInvestor
Tue Feb 24, 2015 10:59 pm
 
Forum: Personal Consumer Issues
Topic: What are Costco's best deals?
Replies: 134
Views: 10082

Re: Roth Conversion

Yes, Roth conversions are allowed after age 70. However, a Roth conversion does not satisfy RMD. You must first take your RMD and then you are free to convert as much of the assets remaining in your Traditional accounts to Roth IRA.
by DSInvestor
Tue Feb 24, 2015 1:24 am
 
Forum: Investing - Help with Personal Investments
Topic: Roth Conversion
Replies: 3
Views: 320

Re: Luxury Car

I'd still probably go with a Subaru Outback. The Ariel Atom mentioned above looks like a blast. I could probably get an Outback and an Atom for less than your price range.

Top Gear: https://www.youtube.com/watch?v=mbsYPXAJhxU
by DSInvestor
Sun Feb 22, 2015 9:46 pm
 
Forum: Personal Consumer Issues
Topic: Luxury Car
Replies: 81
Views: 5437

Re: Withdraw TSP to Convert Traditional to Roth?

You can convert traditional IRA, too. Make a 2014 contribution before 4/15/2015 at last year's tax rate and immediately convert at 2015 tax rate. Depending on his/her 2014 income, Roth IRA contribution may be an option that may be easier and may avoid tracking of Traditional IRA basis. Of course an...
by DSInvestor
Sun Feb 22, 2015 7:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Withdraw TSP to Convert Traditional to Roth?
Replies: 13
Views: 1075

Re: Buying ETF using Mutual Fund conversion

Are you looking to buy the mutual fund shares first because you wish to use automatic transactions? If you wanted to automate your purchases, I'd suggest sticking with the mutual fund share class. Once you have over 10K balance in the mutual fund, you'll be promoted to admiral shares and get the sam...
by DSInvestor
Sun Feb 22, 2015 6:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: Buying ETF using Mutual Fund conversion
Replies: 4
Views: 292

Re: Vanguard Wellesley Income Fund a Buy?

Now, I'm debating whether I should pull the trigger on this fund to use as a my "core" bond fund holding. If you want a core bond fund, buy a bond fund. Wellesley income is 60% bonds but it is not a bond fund. If you seek 40/60 AA for your portfolio Wellesley Income is one way to get that...
by DSInvestor
Sun Feb 22, 2015 5:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard Wellesley Income Fund a Buy?
Replies: 37
Views: 3432

Re: What age do you guys plan to retire?

It seems that one of the major benefits of maxing out retirement accounts starting early on is the possibility that one won't need to work until 65. Unfortunately, the United States does not have consistent amounts of retirement plan contributions for all people who work. 1. Folks who work for comp...
by DSInvestor
Sun Feb 22, 2015 2:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: What age do you guys plan to retire?
Replies: 143
Views: 8550

Re: Whats the best Bank to have on the west coast?

There are lots of Chase branches in Washington, Oregon, California, Nevada. I never have a problem finding a chase branch on the west coast. I think this happened after they acquired Washington Mutual.
by DSInvestor
Sun Feb 22, 2015 2:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Whats the best Bank to have on the west coast?
Replies: 21
Views: 1259

Re: Spouse Contribution to Solo 401(k)

I just found out that when I open a solo 401(k), my wife has the potential to contribute to it. I've tried to find information on this but can't: I'm assuming that she can only contribute if she is working for me and being paid? Or can I contribute on her behalf even though she is not working (she ...
by DSInvestor
Sun Feb 22, 2015 2:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Spouse Contribution to Solo 401(k)
Replies: 7
Views: 408

Re: What are the Admiral shares?

Vanguard index funds have a 10K minimum initial investment for each fund. If you want three admiral funds, you'd need at least 30K to satisfy 10K each. If your Roth IRA currently has $10K, you have enough for 1 admiral fund. If you're in a Target Retirement fund with 90/10 stock/bond AA, and you wan...
by DSInvestor
Sun Feb 22, 2015 1:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: What are the Admiral shares? [Portfolio help]
Replies: 50
Views: 3391

Re: Excess contribution to spouse's Roth?

DS- You're right on both fronts and I appreciate the perspective... Where do I sign up for the 8606? :) If you enter Traditional IRA contributions into your 2014 tax software, the software will automatically include form 8606 if it determines that some or all of the Traditional IRA contribution is ...
by DSInvestor
Sat Feb 21, 2015 11:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: Excess contribution to spouse's Roth?
Replies: 5
Views: 254

Re: Excess contribution to spouse's Roth?

Thanks DSInvestor, You would think that with all I've learned from the Bogleheads that I'd realize the simple concept that her income = my income when filing jointly (ugg, it's more embarrassing when you write it out like that :oops: ) I've read a bit about the 8606 form and "tracking my IRA b...
by DSInvestor
Sat Feb 21, 2015 11:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: Excess contribution to spouse's Roth?
Replies: 5
Views: 254

Re: Excess contribution to spouse's Roth?

You and your spouse are subject to the same income limits for direct Roth IRA contributions. Your wife can recharacterize her 2014 and 2015 Roth IRA contributions to Traditional IRA contributions. The recharacterization of contributions will make it as though she contributed to Traditional IRA all a...
by DSInvestor
Sat Feb 21, 2015 10:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: Excess contribution to spouse's Roth?
Replies: 5
Views: 254

Re: Best Sequence for Withdrawing Funds in Retirement

Dividends from the taxable account reduce the need to sell shares in taxable. Take them as cash rather than reinvest.
by DSInvestor
Sat Feb 21, 2015 4:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: Best Sequence for Withdrawing Funds in Retirement
Replies: 7
Views: 622

Re: Roth 401k as Emergency Fund - Just like Roth IRA?

Roth 401k (Designated Roth accounts) and Roth IRA have different rules. Fairmark's Roth retirement accounts page has a section on Designated Roth Accounts:
http://fairmark.com/retirement/roth-accounts/
by DSInvestor
Sat Feb 21, 2015 2:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: Roth 401k as Emergency Fund - Just like Roth IRA?
Replies: 3
Views: 353

Re: help me speed up my computer

check your firefox cache. I run firefox 35.0.1 on my Mac. Preferences->Advanced->Network->Cached Web Content. If the cache is huge say gigabytes, try clearing it.
by DSInvestor
Sat Feb 21, 2015 12:31 am
 
Forum: Personal Consumer Issues
Topic: help me speed up my computer
Replies: 67
Views: 3493

Re: How do I clear the way for Roth IRA?

The 20K conversion of 20K IRA basis will not be taxable. There is no requirement that the rollover be done before the conversion. She can convert an amount equal to her IRA basis and then rollover everything else to 401(k) before Dec 31, 2015. As long as the IRA balances in her TIRA, Rollover IRA, S...
by DSInvestor
Sat Feb 21, 2015 12:03 am
 
Forum: Investing - Help with Personal Investments
Topic: How do I clear the way for Roth IRA?
Replies: 3
Views: 583

Re: help me speed up my computer

Internet speed may depend on what other devices on the network are doing. I have seen a one location that has 25Mbps download and 0.5Mbps upload service slow to a crawl whenever someone on the network does a big upload - like iTunes Match, iCloud backup or big outbound file transfer. For example, if...
by DSInvestor
Fri Feb 20, 2015 11:58 pm
 
Forum: Personal Consumer Issues
Topic: help me speed up my computer
Replies: 67
Views: 3493

Re: Do you watch commercials?

Most of the TV shows I watch are on services like Netflix and Amazon Prime which do not have commercials. Hulu Plus has commercials that cannot be skipped and I just turn away.
by DSInvestor
Fri Feb 20, 2015 11:41 pm
 
Forum: Personal Consumer Issues
Topic: Do you watch commercials?
Replies: 42
Views: 1816

Re: Invest in Roth for next 8 years or save $24k in Std. Loa

If you have already contributed to Roth IRA for tax year 2014 and you wish those contributions to Traditional IRA, you can recharacterize those Roth IRA contributions to Traditional IRA contributions. Once the contribution has been recharacterized, it will be as though they had been made to Traditio...
by DSInvestor
Fri Feb 20, 2015 11:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: Invest in Roth for next 8 years or save $24k in Std. Loans
Replies: 13
Views: 1194

Re: Need Help on IRA [Recharacterization]

Welcome to the forum. Your recharacterization of your Roth IRA contribution to Traditional IRA was the correct thing to do if your income disallowed Roth IRA contribution. Traditional IRA contributions are permitted no matter how high your income. However, the deduction for the Traditional IRA contr...
by DSInvestor
Fri Feb 20, 2015 9:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Need Help on IRA [Recharacterization]
Replies: 1
Views: 149

Re: IRA to Roth Conversion and Roth Contributions

Thanks for the info. I had originally setup my Roth early last year and expect to begin converting funds from my IRA into the Roth this year at age 62 and begin ramping it up higher as my part time work expires and my wife stops working. I figure I have to about 70 to get as much converted as I can...
by DSInvestor
Fri Feb 20, 2015 12:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: IRA to Roth Conversion and Roth Contributions
Replies: 3
Views: 167
Next

Return to advanced search