Search found 7849 matches

by DSInvestor
Thu Jul 02, 2015 1:23 am
Forum: Personal Finance (Not Investing)
Topic: When to start a 529 Plan
Replies: 11
Views: 938

Re: When to start a 529 Plan

You and your spouse should max out retirement plans first.
by DSInvestor
Thu Jul 02, 2015 12:31 am
Forum: Investing - Help with Personal Investments
Topic: Creating SEP IRA to reduce taxes this year
Replies: 10
Views: 490

Re: Creating SEP IRA to reduce taxes this year

If you're in the 33 or 39% tax bracket, your income is too high to contribute directly to Roth IRA. If you'd like to use the backdoor into Roth IRA, Solo 401k would be better than SEP-IRA. SEP-IRA assets are visible to IRS form 8606 which calculates the taxable and non-taxable amounts of Roth conver...
by DSInvestor
Wed Jul 01, 2015 11:47 pm
Forum: Investing - Help with Personal Investments
Topic: No dividends from Vanguard this quarter
Replies: 4
Views: 784

Re: No dividends from Vanguard this quarter

According to the distributions page for Vanguard VTI ETF, the payable date is 07/02/2015. https://personal.vanguard.com/us/funds/snapshot?FundId=0970&FundIntExt=INT#tab=4 VEA's distributions page: https://personal.vanguard.com/us/funds/snapshot?FundId=0936&FundIntExt=INT#tab=4 VWO's distribu...
by DSInvestor
Tue Jun 30, 2015 6:40 pm
Forum: Investing - Help with Personal Investments
Topic: Intentional 401k overcontribution to get new employer match
Replies: 31
Views: 1481

Re: Intentional 401k overcontribution to get new employer match

Does your wife need to make a contribution to receive the match in the new plan? Some plans do not. Good question - I'm looking into this. If contribution is required, also check if contributions must be made every pay period to receive the max match. This may affect whether you should front load t...
by DSInvestor
Tue Jun 30, 2015 6:09 pm
Forum: Investing - Help with Personal Investments
Topic: Intentional 401k overcontribution to get new employer match
Replies: 31
Views: 1481

Re: Intentional 401k overcontribution to get new employer match

Does your wife need to make a contribution to receive the match in the new plan? Some plans do not.
by DSInvestor
Tue Jun 30, 2015 6:04 pm
Forum: Personal Consumer Issues
Topic: Best Cell Plan?
Replies: 27
Views: 2251

Re: Best Cell Plan?

I believe you'd need an unlocked phone in order to use a SIM card from another telco. Google maps needs data to download the maps. Did you allow location services for the google maps app on your phone. iPhones have the option to enable or disable location services by app and I assume other phones ha...
by DSInvestor
Tue Jun 30, 2015 5:36 pm
Forum: Investing - Help with Personal Investments
Topic: Should we invest in taxable account or roll over 401k with excess cash?
Replies: 6
Views: 348

Re: Should we invest in taxable account or roll over 401k with excess cash?

DSInvestor, I thought we couldn't use the backdoor ROTH unless we convert all of our basis on the Traditional IRAs, or is that not correct? You can always use the backdoor into Roth IRA. It's just that if your TIRA shows a non-zero balance on Dec 31 of the year that you did conversions, IRS will tr...
by DSInvestor
Tue Jun 30, 2015 2:58 pm
Forum: Personal Finance (Not Investing)
Topic: Obsessing towards zero balance on credit card.
Replies: 106
Views: 4734

Re: Obsessing towards zero balance on credit card.

I pay the statement balance in full once a month.
by DSInvestor
Tue Jun 30, 2015 2:57 pm
Forum: Investing - Help with Personal Investments
Topic: Should we invest in taxable account or roll over 401k with excess cash?
Replies: 6
Views: 348

Re: Should we invest in taxable account or roll over 401k with excess cash?

IMO, you should both max out Traditional 401k, Roth IRA via the backdoor, and then invest in taxable. I would not recommend any Roth conversions of the 401k assets. Not sure if you will have a pension when you retire at 55 but if you won't that's the perfect time for Roth conversions as you will be ...
by DSInvestor
Tue Jun 30, 2015 2:47 pm
Forum: Personal Consumer Issues
Topic: What do you do to reduce your "need" expenses?
Replies: 27
Views: 1489

Re: What do you do to reduce your "need" expenses?

We burn our trash because my husband collects tree branches on the property every week and burn them with our trash at the same time. Trash pick up company only gives us 2 cans. It's perfectly legal because we don't live in town. Do you live in an area that does not recycle? I find that our volume ...
by DSInvestor
Tue Jun 30, 2015 1:52 pm
Forum: Personal Consumer Issues
Topic: What do you do to reduce your "need" expenses?
Replies: 27
Views: 1489

Re: What do you do to reduce your "need" expenses?

From your recent posts, your husband's wants are costing you a fortune. He wants a new truck. He wants not to work. He wants not to take care of the kids so must pay for daycare even though he's not working.
by DSInvestor
Mon Jun 29, 2015 11:58 am
Forum: Investing - Help with Personal Investments
Topic: Confusion about Roth IRA income contribution limit
Replies: 18
Views: 962

Re: Confusion about Roth IRA income contribution limit

nolesrule wrote:But the OP wrote...

W2 + Taxable Interest +Dividends + Gains - 401K contribution = should not be greater than 183K


I was just trying to make it clear that doing that math would "double count" 401k contributions.

My apologies. You're absolutely correct.
by DSInvestor
Mon Jun 29, 2015 11:54 am
Forum: Investing - Help with Personal Investments
Topic: Confusion about Roth IRA income contribution limit
Replies: 18
Views: 962

Re: Confusion about Roth IRA income contribution limit

401k contributions already reduce your income reported on the W-2. OP is probably not be working off a W-2 this early in the year. If estimating AGI using his gross salary, he should subtract Traditional 401k contributions. If working off W-2 box 1, then there is no need to do so as that number is ...
by DSInvestor
Mon Jun 29, 2015 11:51 am
Forum: Investing - Help with Personal Investments
Topic: Confusion about Roth IRA income contribution limit
Replies: 18
Views: 962

Re: Confusion about Roth IRA income contribution limit

DSInvestor... Ahhh...my wife does not work but I contribute to 401K fully..that helps...so out of my MAGI, I will need to deduct 18K. You mentioned "The entire first page of the 1040 tax form is to get to your AGI.". That helps, as I was not sure if Page 2 (Tax and Credits) come into pict...
by DSInvestor
Mon Jun 29, 2015 10:55 am
Forum: Investing - Theory, News & General
Topic: SEP vs SIMPLE vs Roth
Replies: 6
Views: 325

Re: SEP vs SIMPLE vs Roth

If she is not covered by an employer plan, she could make deductible contributions to Traditional IRA. If she elects to use an employer plan like SIMPLE-IRA then some MAGI limits come into play to deduct Traditional IRA contributions. With an employer plan in place, she should look to contribute Rot...
by DSInvestor
Mon Jun 29, 2015 10:46 am
Forum: Investing - Help with Personal Investments
Topic: Confusion about Roth IRA income contribution limit
Replies: 18
Views: 962

Re: Confusion about Roth IRA income contribution limit

For Roth IRA contribution income limit, I believe I need to see tax line item 37 in 1040 form which should not go beyond 193K for Married-Filling Jointly. Did you notice that DSInvestor mentioned the term Modified AGI? Line 37 is your AGI but what you need to calculate is the Modified AGI as define...
by DSInvestor
Mon Jun 29, 2015 12:40 am
Forum: Investing - Help with Personal Investments
Topic: Confusion about Roth IRA income contribution limit
Replies: 18
Views: 962

Re: Confusion about Roth IRA income contribution limit

I believe bonuses are included in W-2. I'm not familiar with RSU. Contributions to Traditional 401k will reduce the amount on box 1 of the W-2 which flows into box 7 of 1040 and is included in AGI. Roth 401k contributions do not reduce your W-2 box 1. Modified Adjusted Gross Income for Roth IRA purp...
by DSInvestor
Sun Jun 28, 2015 3:44 pm
Forum: Investing - Help with Personal Investments
Topic: Risks of RMD Withdrawal From A Single Fund IRA
Replies: 43
Views: 3051

Re: Risks of RMD Withdrawal From A Single Fund IRA

By the way, this "exchange" - simply selling a fund in the IRA and buying the same fund in the taxable account - does not in itself help with the RMD. One must add a third step - then or later - of actually withdrawing the necessary RMD (or more) from the IRA. The exchange as I described ...
by DSInvestor
Sun Jun 28, 2015 10:17 am
Forum: Investing - Help with Personal Investments
Topic: Risks of RMD Withdrawal From A Single Fund IRA
Replies: 43
Views: 3051

Re: Risks of RMD Withdrawal From A Single Fund IRA

Research Med (RM): Great suggestion. I will check with Vanguard and see if I can transfer VTENX shares from my IRA to my personal account without selling them. I will report back. Thanks. You can exchange VTENX in IRA for VTENX in taxable account. THe exchange is actually two transactions (buy and ...
by DSInvestor
Sat Jun 27, 2015 3:17 pm
Forum: Investing - Theory, News & General
Topic: IRA contributions for partial year
Replies: 7
Views: 608

Re: IRA contributions for partial year

Be aware that Traditional IRA and Roth IRA have different rules. Traditional IRA contributions are not allowed after the year that you reach age 70 1/2. Roth IRA does not have this age restriction and as long as you meet the requirements for compensation and MAGI, Roth IRA contributions are allowed.
by DSInvestor
Sat Jun 27, 2015 9:57 am
Forum: Investing - Theory, News & General
Topic: IRA contributions for partial year
Replies: 7
Views: 608

Re: IRA contributions for partial year

If a person retires May 1st and has no further earned income, how is the maximum allowable IRA contribution calculated for that year? Is it $6500 / 12 = x 3 months or something else? Many thanks. The IRA contribution limit is not prorated when working part of a year. In order to be eligible for $65...
by DSInvestor
Fri Jun 26, 2015 12:14 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRAs filled up, What's Next? (S-Corp Owners)
Replies: 8
Views: 659

Re: Roth IRAs filled up, What's Next? (S-Corp Owners)

The 18K employee salary deferral is withheld from your paychecks. You cannot make these contributions with money outside of your S-Corp or outside of your paycheck. These paychecks must be written in calendar 2015 if you wish to make solo 401k employee salary deferral contributions for tax year 2015...
by DSInvestor
Fri Jun 26, 2015 1:22 am
Forum: Investing - Help with Personal Investments
Topic: Roth IRAs filled up, What's Next? (S-Corp Owners)
Replies: 8
Views: 659

Re: Roth IRAs filled up, What's Next? (S-Corp Owners)

If you and your wife are and will be the only employees of your S-Corp, you can use a Solo 401k. Solo 401k allows for two types of contributions: 1. Employee salary deferral up to 18K. This contribution is withheld from your paychecks. Some plans offer the option for Roth employee contributions. Tra...
by DSInvestor
Thu Jun 25, 2015 9:48 pm
Forum: Personal Finance (Not Investing)
Topic: Mega Backdoor Roth IRA + SoloK
Replies: 1
Views: 285

Re: Mega Backdoor Roth IRA + SoloK

The self employed business plans (Solo 401k or SEP-IRA) when organized as an S-Corp requires that the business pays you a salary in order to make contributions. If the S-Corp pays no salary to you, you cannot make any contributions to SEP-IRA or Solo 401k. Solo 401k allows for 2 types of contributio...
by DSInvestor
Thu Jun 25, 2015 7:49 pm
Forum: Personal Consumer Issues
Topic: Best Educational iPad Apps for Adults?
Replies: 7
Views: 949

Re: Best Educational iPad Apps for Adults?

TED, Khan Academy.
by DSInvestor
Wed Jun 24, 2015 11:29 am
Forum: Investing - Help with Personal Investments
Topic: Re-characterizing IRA and Conversion
Replies: 3
Views: 410

Re: Re-characterizing IRA and Conversion

As far as my Rollover to Roth IRA conversion, what is the best/easiest way to deal with paying the tax? My understanding that withholding part during the conversion is a bad idea. I had a relatively small amount to convert (~2500), would the tax on this just be included as a reduction in the tax re...
by DSInvestor
Mon Jun 22, 2015 8:49 pm
Forum: Personal Consumer Issues
Topic: LED bulb prices
Replies: 124
Views: 17297

Re: LED bulb prices

Puget Sound Energy in Washington is offering some instant discounts on some Greenlite LED bulbs at participating ACE Hardware and Mclendon Hardware stores: ⋅ 2 Packs of Greenlite dimmable 60W equivalent LED bulbs are $2.99. Bright White 3000K. These consume 9W. ⋅ 2 pack of 65W eq...
by DSInvestor
Sun Jun 21, 2015 12:46 pm
Forum: Investing - Help with Personal Investments
Topic: Help with bond funds
Replies: 7
Views: 605

Re: Help with bond funds

If you're in the highest federal tax bracket with no state income tax, consider holding an intermediate term tax exempt bond fund like Vanguard Intermediate Term Tax Exempt Bond Admiral VWIUX er=0.12% in your taxable account. Vanguard Total Bond Market is not tax efficient and would be better in a t...
by DSInvestor
Sun Jun 21, 2015 10:17 am
Forum: Investing - Help with Personal Investments
Topic: How is this AA for a 25 year old?
Replies: 19
Views: 1256

Re: How is this AA for a 25 year old?

Is your modified AGI low enough to get a deduction on traditional IRA contributions? (i.e. same tax treatment as 401k contributions) If so, you can use a traditional IRA for part of the allocation instead of the 401k, and thus access whatever fund you want there. You mentioned the 25% tax bracket; ...
by DSInvestor
Sun Jun 21, 2015 12:07 am
Forum: Investing - Help with Personal Investments
Topic: How is this AA for a 25 year old?
Replies: 19
Views: 1256

Re: How is this AA for a 25 year old?

I agree with the poster above dropping the high cost international fund in 401k and using Roth IRA space to hold international.
by DSInvestor
Sat Jun 20, 2015 1:56 pm
Forum: Investing - Help with Personal Investments
Topic: Another Backdoor Roth question
Replies: 3
Views: 385

Re: Another Backdoor Roth question

If you will not be covered by an employer plan in tax year 2016 and still need to use backdoor into Roth IRA, you can make tax deductible TIRA contributions. In this case, there is no IRA basis and thus nothing to prorate. You contribute $5500 to your TIRA. Your TIRA balance is 360,500 with no IRA b...
by DSInvestor
Sat Jun 20, 2015 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: Can I transfer a mastercard account to a different card?
Replies: 11
Views: 995

Re: Can I transfer a mastercard account to a different card?

You can certainly open a new mastercard account at Citi. Citi has a great cash back credit card called Citi Double Cash Card that pays 2% cash back (1% of purchases, 1% on payment).
by DSInvestor
Sat Jun 20, 2015 1:13 pm
Forum: Investing - Help with Personal Investments
Topic: Another Backdoor Roth question
Replies: 3
Views: 385

Re: Another Backdoor Roth question

You are both covered by an employer plan which means you will be subject to the MAGI limits for the TIRA deduction. If your income is such that you are not eligible for direct Roth IRA contributions, you will probably not be able to deduct your TIRA contributions. Your non-deductible TIRA contributi...
by DSInvestor
Fri Jun 19, 2015 2:41 pm
Forum: Investing - Help with Personal Investments
Topic: Trouble with recurring transfers into Vanguard Roth IRA
Replies: 11
Views: 2556

Re: Trouble with recurring transfers into Vanguard Roth IRA

Hi - I just made the same bone-head mistake (wish I read this post 2 weeks ago!). I have a Roth with Vanguard and I bought VTI because I didn't have the $10K for VTSAX and didn't realize VTSMX was an option (though I'm about $600 short of the $3K min on that, so I couldn't have bought it at the tim...
by DSInvestor
Fri Jun 19, 2015 1:51 pm
Forum: Investing - Help with Personal Investments
Topic: Investing 11 Million Dollar Gift
Replies: 80
Views: 11937

Re: Investing 11 Million Dollar Gift

I have no advice to offer, but am wondering if you could take a sum like that and just put it in a Vanguard LifeStrategy fund or something? One could do that, but it would not be tax-efficient. The OP could engineer a portfolio fo tax-exempt muni bond fund with tax-efficient total stock market inde...
by DSInvestor
Fri Jun 19, 2015 11:17 am
Forum: Personal Finance (Not Investing)
Topic: Question about Roth IRA limits
Replies: 5
Views: 588

Re: Question about Roth IRA limits

Before my question just want to say thanks in advance for this website and those of you that help so many of us. I'm such small potatoes compare to so many of you but when it comes to money and investment questions you help us all. So, here is my question. I have a Roth IRA. I'm 60 years old and wi...
by DSInvestor
Thu Jun 18, 2015 6:33 pm
Forum: Personal Consumer Issues
Topic: Flash Drive Problems
Replies: 11
Views: 1561

Re: Flash Drive Problems

I knew folks who worked on commercial ships who have bought cheap flash drives while in port in Asian countries and had similar results. Not sure if they're fakes or rejects that did not pass QA tests. I don't know how cheap your 128GB flash drives were but I bought a few PNY Turbo USB 3.0 flash dri...
by DSInvestor
Thu Jun 18, 2015 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: Help with tax-gain harvesting
Replies: 11
Views: 999

Re: Help with tax-gain harvesting

I have sold (exchanged) vanguard mutual funds using automatic transactions and the frequent trading restrictions were not triggered. If your sell/exchange transaction does trigger frequent trading restrictions, I believe you can use an automatic transaction to buy the shares back.
by DSInvestor
Tue Jun 16, 2015 9:36 pm
Forum: Personal Finance (Not Investing)
Topic: Tax savings of moving to no income tax state
Replies: 24
Views: 3362

Re: Tax savings of moving to no income tax state

What about if you take into account the schedule a state tax deduction? Run some numbers with taxcaster with 500K income, 20K real estate tax, 20-30K of state income tax and without state income tax to see if the Fed tax changes in any material way. Homework in Taxcaster: Married, each person has 2...
by DSInvestor
Tue Jun 16, 2015 8:36 pm
Forum: Investing - Help with Personal Investments
Topic: Confused about 401k contributions?
Replies: 3
Views: 373

Re: Confused about 401k contributions?

What is the max I could write off on taxes between the two combined? Whatever amount I contribute to both? Thanks again Traditional 401k contributions are tax deductible. Roth 401k contributions are not tax deductible. Your Employee Salary deferral contributions to Traditional 401k are deductible u...
by DSInvestor
Tue Jun 16, 2015 8:17 pm
Forum: Investing - Help with Personal Investments
Topic: Confused about 401k contributions?
Replies: 3
Views: 373

Re: Confused about 401k contributions?

At your main job, you can contribute 18K as employee salary deferral. Add another 6K in catch up contributions if you're age 50+. Your 1099 Income (reported on Schedule C and SE) would allow you to use Solo 401k. Solo 401k has separate 53K contribution limit from the 401k at your main job. Solo 401k...
by DSInvestor
Tue Jun 16, 2015 7:46 pm
Forum: Personal Finance (Not Investing)
Topic: Tax savings of moving to no income tax state
Replies: 24
Views: 3362

Re: Tax savings of moving to no income tax state

On 500K combined income, you're looking at approx 27K of NJ State income tax. Moving to TX avoids that 27K in state income tax. You'd have to run some numbers with tax calculators to see what your fed tax would be with 27K of state income tax and without. State income tax and property taxes are tax ...
by DSInvestor
Tue Jun 16, 2015 6:35 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth after Recharacterization
Replies: 5
Views: 522

Re: Backdoor Roth after Recharacterization

Do you have other IRA assets that are not Roth IRA or inherited IRA? If you have any assets in SEP-IRA, SIMPLE-IRA, Rollover IRA, or other Traditional IRA assets, be aware that form 8606 line 6 will ask for the IRA balance as of Dec 31, 2015. If line 6 is zero you're in good shape. If not zero, form...
by DSInvestor
Tue Jun 16, 2015 5:42 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth after Recharacterization
Replies: 5
Views: 522

Re: Backdoor Roth after Recharacterization

The waiting period applies for folks who did a Roth conversion then undid the conversion using a recharacterization. In such cases, there is a waiting period before they can re-convert that money to Roth IRA. Your case is different. You recharacterized your Roth IRA contributions to Traditional IRA ...
by DSInvestor
Tue Jun 16, 2015 4:22 pm
Forum: Investing - Theory, News & General
Topic: Cost difference
Replies: 27
Views: 2158

Re: Cost difference

Thanks everyone. Livesoft, no offense was taken and I appreciate your help. I'm a close enough kind of guy, so $60 was fine with me. Thanks to the others. This is all in a 401K, so a balanced fund will fit the bill. The amount of money saved will not be a deal breaker. Thanks again!! Balanced Index...
by DSInvestor
Tue Jun 16, 2015 2:44 am
Forum: Investing - Theory, News & General
Topic: Dividends with dynamic asset allocation?
Replies: 1
Views: 401

Re: Dividends with dynamic asset allocation?

ETF dividends are like stock dividends. Here's a link to SEC's web site on ex-dividend dates.
http://www.sec.gov/answers/dividen.htm
by DSInvestor
Mon Jun 15, 2015 5:32 pm
Forum: Personal Consumer Issues
Topic: The cost of walking el Camino de Santiago
Replies: 72
Views: 7986

Re: The cost of walking el Camino de Santiago

Are there rain protectors for smartphones? I have a case made by Lifeproof for my iPhone that is waterproof. They make models for other some other smartphones too (Samsung Galaxy S4, S5, S6). You can get protectors for maps too. Here's a link to an REI page: http://www.rei.com/search.html?ir=q%3Ama...
by DSInvestor
Mon Jun 15, 2015 1:16 pm
Forum: Investing - Help with Personal Investments
Topic: Back door Roth - Questions
Replies: 4
Views: 431

Re: Back door Roth - Questions

Welcome to the forum. You'd want to isolate your IRA basis in your IRA and transfer everything else into your 401k. The IRA basis can be converted tax free if it is isolated. If your IRA is 95K and 40K is IRA basis, you can: 1. Convert 40K (exact amount of your IRA basis) to Roth IRA any time in cal...
by DSInvestor
Mon Jun 15, 2015 10:55 am
Forum: Investing - Theory, News & General
Topic: switch to Vanguard ETF's from Index funds?
Replies: 17
Views: 2707

Re: switch to Vanguard ETF's from Index funds?

I only want just a couple thousand for the new laminate floors I put into my rental townhome I own. One investment to another. Just two thousand shaved off my total stock market index or total bond market index right now into my rental investment. How big is your emergency fund? 2K is not a big exp...

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