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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: 426

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: 5
Views: 294

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: 2
Views: 212

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: 169

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: 30
Views: 1941

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: 12
Views: 530

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: 2217

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: 187

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: 106
Views: 6910

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: 310

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: 5357

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: 1061

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: 288

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: 36
Views: 3115

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: 8417

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: 1248

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: 401

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: 3347

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: 248

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: 248

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: 248

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: 614

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: 351

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: 3426

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: 539

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: 3426

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: 1784

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: 1181

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: 142

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: 162

Re: IRA to Roth Conversion and Roth Contributions

The rules permit Roth IRA contributions and Roth conversions in the same year. You may be aware that Roth IRA contributions are subject to MAGI income limits for eligibility. The MAGI for Roth IRA purposes excludes the income from Roth conversion so you could convert $1 million dollars to Roth IRA a...
by DSInvestor
Fri Feb 20, 2015 11:59 am
 
Forum: Personal Finance (Not Investing)
Topic: IRA to Roth Conversion and Roth Contributions
Replies: 3
Views: 162

Re: In our situation, how much would you put in your 2014 Ro

Another vote for maxing out the 2014 Roth IRA contribution.
by DSInvestor
Fri Feb 20, 2015 11:55 am
 
Forum: Investing - Help with Personal Investments
Topic: In our situation, how much would you put in your 2014 Roths?
Replies: 19
Views: 1131

Re: Preparing for 2 months incommunicado

Riceman wrote:Also note that a passport card cant be used to cross borders except mexico and canada.
Yes but it may be very helpful to identify yourself at a US embassy if you lose your passport and reduce the need for a database search.
by DSInvestor
Fri Feb 20, 2015 10:56 am
 
Forum: Personal Consumer Issues
Topic: Preparing for 2 months incommunicado
Replies: 142
Views: 6294

Re: All-World ex-US vs Total International Stock

Remembering. Back in the day when VGTSX was a fund of funds, it didn't qualify for the foreign tax credit, so you bought its three components: Europe, Pacific, and Emerging Markets funds. The FTSE fund solved the FTC problem, but lost EM. I thought the FTSE fund had EM all along at least it did whe...
by DSInvestor
Fri Feb 20, 2015 10:50 am
 
Forum: Investing - Help with Personal Investments
Topic: All-World ex-US vs Total International Stock
Replies: 19
Views: 2024

Re: All-World ex-US vs Total International Stock

so which is preffered to choose I would start with Total International Stock VGTSX Investor (3K minimum initial investment) or VTIAX Admiral (10K minimum initial investment). It is more complete as it also contains small caps. If investing in a taxable account and you would like to harvest tax loss...
by DSInvestor
Thu Feb 19, 2015 11:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: All-World ex-US vs Total International Stock
Replies: 19
Views: 2024

Re: All-World ex-US vs Total International Stock

If you hold the mutual fund share class, Vanguard will allow you to convert to ETF shares. This is not a taxable event. This is a one way conversion only. If you hold ETF shares and wish change to mutual fund share class, you would have to sell your ETF shares and buy the mutual fund shares. The mut...
by DSInvestor
Thu Feb 19, 2015 8:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: All-World ex-US vs Total International Stock
Replies: 19
Views: 2024

Re: Mega Backdoor Roth's effect on MAGI

MAGI for Roth IRA purposes does not include income from Roth conversions. Line 2 of that worksheet is to add up the Roth conversions (taxable amounts of Roth conversions). A rollover of pre-tax money from a qualified plan to a Roth IRA is a Roth conversion and the taxable amount likely appears on li...
by DSInvestor
Thu Feb 19, 2015 7:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Mega Backdoor Roth's effect on MAGI
Replies: 6
Views: 585

Re: Best Condo Sell Strategy?

When I sold my condo in New Orleans, I met with three agents and they had different pricing strategies. One agent suggested that I shoot for a higher asking price that was 15-20% higher than what the other two agents suggested. All agents brought over the same comps. I wasn't comfortable with the hi...
by DSInvestor
Thu Feb 19, 2015 7:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: Best Condo Sell Strategy?
Replies: 17
Views: 895

Re: Sole Proprietor SEP and TIRA deduction question

I believe SEP-IRA would allow about 20% of net business income. 13K in SEP-IRA contributions sounds too high if your 1099-MISC shows 45K of gross income before expenses. BTW, sole proprietor tax returns are easy to handle with tax software like Turbotax and it will calculate your max SEP-IRA contrib...
by DSInvestor
Thu Feb 19, 2015 4:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: Sole Proprietor SEP and TIRA deduction question
Replies: 4
Views: 231

Re: Upgrading from VG investor to admiral shares

Make sure that the admiral share class of your fund is available at Schwab. Some may not be available.
by DSInvestor
Thu Feb 19, 2015 3:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: Upgrading from VG investor to admiral shares
Replies: 9
Views: 719

Re: Sole Proprietor SEP and TIRA deduction question

The SEP-IRA contribution will be deductible. The SEP-IRA is an employer plan and folks who are covered by an employer plan are subject to MAGI limits to take the Traditional IRA tax deduction. See IRS page on IRA deduction limits: http://www.irs.gov/Retirement-Plans/IRA-Deduction-Limits At your leve...
by DSInvestor
Thu Feb 19, 2015 3:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: Sole Proprietor SEP and TIRA deduction question
Replies: 4
Views: 231

Re: Taxable accounts?

Examples of taxable accounts are individual account, joint account, trust accounts. These accounts do not have any form of tax advantaged features that shelter investments from taxation. Roth IRA, Traditional IRA, SEP-IRA, SIMPLE-IRA, 401(k), Solo 401(k), Individual 401(k), 403(b), 457(b) are exampl...
by DSInvestor
Thu Feb 19, 2015 1:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: Taxable accounts?
Replies: 1
Views: 244

Re: Converting to a Roth

Be aware that when you're subject to RMD, you must make sure to take the RMD first before doing any Roth conversions.
by DSInvestor
Wed Feb 18, 2015 12:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: Converting to a Roth
Replies: 4
Views: 387

Re: Roth IRA Contribution limit question

You and your spouse can each contribute $5500 to Roth IRA. If you are married filing jointly your combined income MAGI from your joint tax return is used to determine eligibility for Roth IRA contributions. If one spouse has no compensation, spousal IRA contribution is allowed based on the compensat...
by DSInvestor
Wed Feb 18, 2015 11:54 am
 
Forum: Personal Finance (Not Investing)
Topic: Roth IRA Contribution limit question
Replies: 5
Views: 310

Re: Roth IRA at Retirement

If your 401(k)'s best option is a Fidelity Freedom fund (not Fidelity Freedom Index fund), you should consider rolling the 401(k) assets to a Rollover/Traditional IRA after retirement to get lower cost investment options. A rollover of pre-tax 401k into Traditional IRA is not taxable. Rollover from ...
by DSInvestor
Wed Feb 18, 2015 11:31 am
 
Forum: Investing - Help with Personal Investments
Topic: Roth IRA at Retirement
Replies: 49
Views: 4858

Re: Roth IRA vs 403(b) Plan

If your son does not need the Traditional 403b tax deduction, and the 403(b) does not have a match, he should max out his roth IRA first.
by DSInvestor
Tue Feb 17, 2015 6:26 pm
 
Forum: Investing - Theory, News & General
Topic: Roth IRA vs 403(b) Plan
Replies: 2
Views: 227

Re: SEP IRA for couple with two W2 and one 1099

Hi, Me and my wife have full-time jobs and get W-2's from our employers. Our pre-tax income annual is about $300K and we max out our 401-k (17.5K/year + 4% match) as well as backdoor Roths ($5.5K/year). My 401-K us 50% Roth-401k and 50% regular 401k. Recently, I started consulting on the weekends f...
by DSInvestor
Tue Feb 17, 2015 6:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: SEP IRA for couple with two W2 and one 1099
Replies: 2
Views: 183

Re: Consulting for family business

MBster wrote:For next year then, should it be Box 3 or 7 for the 1099 MISC or would it not matter either way?

I think the consulting work would be box 7 non-employee compensation.
by DSInvestor
Tue Feb 17, 2015 5:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Consulting for family business
Replies: 7
Views: 339

Re: Consulting for family business

OK thanks everyone thus far. I forgot to add details about my other job. Yes, it is W2 and my salary is $120K plus my wife's W2 is another $95K on top of that. With 120K Salary, your self employment tax on 10K sole proprietor income will be for medicare taxes only which is about 2.9%. The income ta...
by DSInvestor
Tue Feb 17, 2015 2:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Consulting for family business
Replies: 7
Views: 339

Re: Consulting for family business

An alternative to estimated tax payments is to increase the tax withholdings in your regular paycheck. You can avoid underpayment penalty as long as your withholdings and estimate payments reach 100% of prior year tax (110% if high income) or 90% of current year tax. See IRS Pub 505 for more details...
by DSInvestor
Tue Feb 17, 2015 1:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Consulting for family business
Replies: 7
Views: 339
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