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Re: Roth contributions as long as you can?

Why would you not (so long as you have the earned income for it?) Cause it's not immediately available for withdrawal without repercussions? What repercussions are there when withdrawing Roth contributions? OP didn't mention conversions. 5 years for Earnings. "A qualified distribution from a R...
by Epsilon Delta
Fri Feb 27, 2015 4:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Roth contributions as long as you can?
Replies: 11
Views: 911

Re: Are remote starters bad for cars?

Any car this century ...(t)he maximum you should generally warm up your engine is as 'wander' said "when the temperature gauge starts to move". Such this century cars may exist, but my cars from this century do not have temperature gauges. :) They did mid-last century though. :) Some of u...
by Epsilon Delta
Fri Feb 27, 2015 1:33 pm
 
Forum: Personal Consumer Issues
Topic: Are remote starters bad for cars?
Replies: 40
Views: 1962

Re: "The world's largest non-commercial financial forum".

Awesome! Proud to be a member of 'Worlds Largest Financial Forum" One question always lingered in my mind. There are costs to maintaining and running a forum as this. Who/How does the funding part work? https://www.bogleheads.org/support.htm (This is the same as the "support this site&quo...
by Epsilon Delta
Fri Feb 27, 2015 1:00 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: "The world's largest non-commercial financial forum".
Replies: 29
Views: 1904

Re: Are remote starters bad for cars?

They are awesome inventions. Why should I spend 30 seconds in discomfort, when I can inefficiently burn fossil fuels that have been in the ground for millions of years? I wonder about that 30 seconds. None of the cars I've owned have warmed up the passenger cabin noticeably in 30 seconds of idle. W...
by Epsilon Delta
Fri Feb 27, 2015 12:41 pm
 
Forum: Personal Consumer Issues
Topic: Are remote starters bad for cars?
Replies: 40
Views: 1962

Re: Are remote starters bad for cars?

I know someone that had relatives in Florida. While inside, presumably at night, assumption is that the remote start button was accidently pushed while the car was in the garage. They never woke up the next day. Sad, but I gather from a previous post that at least some factory installed remote star...
by Epsilon Delta
Fri Feb 27, 2015 12:28 pm
 
Forum: Personal Consumer Issues
Topic: Are remote starters bad for cars?
Replies: 40
Views: 1962

Re: Expat Roth IRA Rollover

Hi Everyone, My brother and sister in law are currently expats in Qatar and will be doing their taxes soon. They have very low taxes so they'll be taking the Foreign Earned Income Exclusion (FEIE) and not the Foreign Tax Credit. As far as I know, they made less than $99,200 in 2014. Given their sit...
by Epsilon Delta
Fri Feb 27, 2015 11:44 am
 
Forum: Investing - Help with Personal Investments
Topic: Expat Roth IRA Rollover
Replies: 5
Views: 304

Re: cold air from electric socket

You can cheaply make your own electrical outlet sealing pads from thin flat foam packing material. Don't recall where I've seen it, but would check with ACE or Home Depot. I re-purposed what I'd received in the shipments. I would not do this. It's a fire safety issue. The electric box, the cover, a...
by Epsilon Delta
Thu Feb 26, 2015 9:27 pm
 
Forum: Personal Consumer Issues
Topic: cold air from electric socket
Replies: 15
Views: 1284

Re: Convincing older relative to open online savings account

Actually, I reject the thesis that old people are inherently stupid. Agreed. I've had many similar discussions with people of all ages. I've even been on the other end of that conversation a time or two. And it's not just people who are unfamiliar with computers, you get it from people who think th...
by Epsilon Delta
Thu Feb 26, 2015 1:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Convincing older relative to open online savings account
Replies: 34
Views: 1413

Re: Preventing IRS Fraud

I disagree - partially. Given that the IRS has to issue refunds before they can validate the information on the return through 3rd party data, I think it is reasonable for the IRS to delay issuing a refund if there is an error in the estimated tax reported on the return. Delay the refund until they...
by Epsilon Delta
Wed Feb 25, 2015 4:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: [Protection against fraudulent IRS tax returns]
Replies: 39
Views: 1606

Re: Money lent and unable to recover

I think that irs.gov section refers to someone who has PAID interest, and wants to deduct it, if I'm reading it correctly, like deducting mortgage interest. (Many years ago, one could deduct all/most consumer debt interest, such as with credit card debt. Maybe personal interest was deductible then,...
by Epsilon Delta
Wed Feb 25, 2015 3:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Money lent and unable to recover
Replies: 10
Views: 1659

Re: Admiral Shares vs ETFs for stocks

How would the ETF investor go about reinvesting quarterly dividends? The Admiral class mutual fund investor simply specifies "reinvest all distributions" and it happens automatically at no additional cost. How does that work for the ETF holder? There's a reasonable case for not reinvestin...
by Epsilon Delta
Wed Feb 25, 2015 3:34 pm
 
Forum: Investing - Theory, News & General
Topic: Admiral Shares vs ETFs for stocks
Replies: 10
Views: 833

Re: external hard drive - Windows 8 - need assitance

I have the USB cable problem periodically also. (Why is that? All they all crap?) Mostly with the USB cable to my cable modem, but less often with the USB cable to my all-in-one. Partly, most of them are made by the low bidder. But it's also because the USB standard is tight . People abuse the cabl...
by Epsilon Delta
Wed Feb 25, 2015 10:38 am
 
Forum: Personal Consumer Issues
Topic: external hard drive - Windows 8 - need assitance
Replies: 20
Views: 1295

Re: Recapturing gains due to TLH at the 0% level

Tactics of capturing the tax loss. :?: Assuming the purpose of harvesting a tax gain now is to be able to take a tax loss later at some opportune time is it 1) Better to take a $50k loss on a $1000k sale or 2) Take the same $50k loss on a $100k sale Why? Generally it's better to hold a barbell -- s...
by Epsilon Delta
Wed Feb 25, 2015 1:33 am
 
Forum: Investing - Theory, News & General
Topic: Recapturing gains due to TLH at the 0% level
Replies: 16
Views: 844

Re: how best to supplement heat with heat pump

.............keeping the fan running evens out the temperature. This can be useful if there is a localized heat source in some rooms, e.g. a solar load, a hot stove or more than a couple of people. During the spring and fall we have cool nights and hot days, I run the fan at night. I'm too much of ...
by Epsilon Delta
Wed Feb 25, 2015 1:22 am
 
Forum: Personal Consumer Issues
Topic: how best to supplement heat with heat pump
Replies: 49
Views: 2337

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

Where we used to live, an itinerant professional knife sharpener would show up once a year in the grocery store parking lot, so one could get all their kitchen knives sharpened for a small fee. Does that still happen? Plenty of knife sharpeners in the Yellow Pages. I know some restaurants that get ...
by Epsilon Delta
Wed Feb 25, 2015 1:04 am
 
Forum: Personal Consumer Issues
Topic: Recommend a quality (and reasonably priced) knife set
Replies: 64
Views: 2332

Re: external hard drive - Windows 8 - need assitance

Maybe it's a defective USB cable? In my experience these fail fairly often. It's a cheap and easy to check so it should be high on the trouble shooting list even if cables only failed rarely.
by Epsilon Delta
Tue Feb 24, 2015 10:54 pm
 
Forum: Personal Consumer Issues
Topic: external hard drive - Windows 8 - need assitance
Replies: 20
Views: 1295

Re: how best to supplement heat with heat pump

ASHPs drop to COP of 1.0 (ie electric bar) below about 20F above that you should still see COPs above 1.0 (ie 1 kwhr of energy used to move 1 kwhr of hot or 'cold'). You really can't generalize that way. There are ASHP that have a COP greater than 2* down to -15F. It's really an economic question. ...
by Epsilon Delta
Tue Feb 24, 2015 3:24 pm
 
Forum: Personal Consumer Issues
Topic: how best to supplement heat with heat pump
Replies: 49
Views: 2337

Re: how best to supplement heat with heat pump

While we're on the subject, in checking my manual, it actually recommended leaving the fan in the "on" position all the time, not the "automatic" mode. Which I promptly disregarded as I assumed having the fan (motor) run continuously would only lead to early failure and replacem...
by Epsilon Delta
Tue Feb 24, 2015 3:07 pm
 
Forum: Personal Consumer Issues
Topic: how best to supplement heat with heat pump
Replies: 49
Views: 2337

Re: Preemptive water heater replacement: worth it?

Our hot water heater is 22 years old - never flushed, and we've been on well water all that time until recently. I'm thinking about having it replaced in the next 5 years or so. Probably a good idea, perhaps even sooner. The change in water supply will usually be accompanied by a change in the chem...
by Epsilon Delta
Tue Feb 24, 2015 12:52 pm
 
Forum: Personal Consumer Issues
Topic: Preemptive water heater replacement: worth it?
Replies: 64
Views: 6249

Re: Social Security for a Younger Spouse, Delay to 70 still

But the main objective I see in this is 'Old Age Insurance', which I mentioned in my OP. If we die earlier, we miss nothing at all. We will not lament not collecting the S.S. BTW, I just plugged in 88 in the calculator, and it still recommends delaying to Age 70 for both me and my wife. It's not &q...
by Epsilon Delta
Tue Feb 24, 2015 10:40 am
 
Forum: Personal Finance (Not Investing)
Topic: Social Security for a Younger Spouse, Delay to 70 still good
Replies: 19
Views: 1597

Re: Applying tax refund to next year vs 1040-ES

It really isn't. I schedule five payments including the balance of the prior year's tax in about five minutes on EFTPS.gov. Gill Scheduling the payments isn't the only work. You also have to make sure there's money in the account when the transaction is scheduled, for that matter you have to make s...
by Epsilon Delta
Thu Feb 19, 2015 9:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Applying tax refund to next year vs 1040-ES
Replies: 17
Views: 780

Re: Selling older home with old knob and tube wiring

Unwillingness of insurance companies to underwrite policies on knob and tube wiring is for a reason. Those houses are statistically more likely to have house fires. That doesn't quite make sense. If it's statistically more dangerous the insurance company would just charge more. By your logic, an in...
by Epsilon Delta
Thu Feb 19, 2015 8:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Selling older home with old knob and tube wiring
Replies: 34
Views: 2605

Re: Not clearing snow from driveway

I can think of a way to determine if a particular receptacle is protected or not by using an extension cord and a spray bottle of water. But this method could be dangerous so I'll not detail it here... This outlet tester is slightly less dramatic. And less that $10. Of course once you've tripped th...
by Epsilon Delta
Thu Feb 19, 2015 5:51 pm
 
Forum: Personal Consumer Issues
Topic: Not clearing snow from driveway
Replies: 81
Views: 5764

Re: Selling older home with old knob and tube wiring

Ybsybs wrote:Unwillingness of insurance companies to underwrite policies on knob and tube wiring is for a reason. Those houses are statistically more likely to have house fires.

That doesn't quite make sense. If it's statistically more dangerous the insurance company would just charge more.
by Epsilon Delta
Tue Feb 17, 2015 11:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Selling older home with old knob and tube wiring
Replies: 34
Views: 2605

Re: Over the long-run, are there any poor-performing sectors

If a capitalist had been present at Kitty Hawk back in the early 1900s, he should have shot Orville Wright. He would have saved his progeny money. But seriously, the airline business has been extraordinary. It has eaten up capital over the past century like almost no other business because people s...
by Epsilon Delta
Tue Feb 17, 2015 10:07 pm
 
Forum: Investing - Theory, News & General
Topic: Over the long-run, are there any poor-performing sectors?
Replies: 13
Views: 947

Re: Not clearing snow from driveway

dolphinsaremammals, if your bird bath heater is the kind I am thinking of it is a very low voltage/low amp affair. My fear of getting fried mowing grass is because a lawn mower (like a snow blower) is going to be drawing a heck of a lot of juice (amps). It doesn't matter how much current the applia...
by Epsilon Delta
Tue Feb 17, 2015 9:07 pm
 
Forum: Personal Consumer Issues
Topic: Not clearing snow from driveway
Replies: 81
Views: 5764

Re: Tax Software: Access to Exclusive IRS Info?

The obvious problem is if instead of revising the forms and instructions the IRS just explains what it means on the list. We really should not have secret regulations. IRS forms, publications, FAQs, and most other correspondence is not primary authority. You cannot rely on any of it to support a ta...
by Epsilon Delta
Tue Feb 17, 2015 1:28 am
 
Forum: Personal Consumer Issues
Topic: Tax Software: Access to Exclusive IRS Info?
Replies: 13
Views: 756

Re: Tax Software: Access to Exclusive IRS Info?

Don't you want someone with knowledge about taxpayers behaviors and questions to proofread and comment on the first drafts of instructions written by IRS staffers and drafts of forms created by them? Or would you rather the IRS hires additional proofreaders from time to time? I guess we don't know ...
by Epsilon Delta
Mon Feb 16, 2015 11:51 pm
 
Forum: Personal Consumer Issues
Topic: Tax Software: Access to Exclusive IRS Info?
Replies: 13
Views: 756

Re: Preparing for 2 months incommunicado

It's a great point. I have a laser printer, but I will still try to wet my printouts to see if the print holds. I'd heartily recommend using some water proof paper and the grease pencil that goes with it. I find ordinary paper is a tad fragile when damp. Or go old school and embroider a silk hankie.
by Epsilon Delta
Mon Feb 16, 2015 10:53 pm
 
Forum: Personal Consumer Issues
Topic: Preparing for 2 months incommunicado
Replies: 142
Views: 6306

Re: Hackers steal £650m – 10 ways to protect your bank accou

Note that this is at telegraph.co.UK. So one question to ask is "Does the British phone system work that way?" Presumably the fine journalists at the Torygraph have some actual experience, although they might not let that get in the way of a good yarn.
by Epsilon Delta
Mon Feb 16, 2015 9:47 pm
 
Forum: Personal Consumer Issues
Topic: Hackers steal £650m – 10 ways to protect your bank account
Replies: 6
Views: 934

Re: Hackers steal £650m – 10 ways to protect your bank accou

"But when you ring the bank's number the scammer is still on the line, having not hung up (this prevents you from making a new call). The conman will now pretend to be a bank representative, persuading you to transfer funds, withdraw money or reveal security information. " Is it correct t...
by Epsilon Delta
Mon Feb 16, 2015 2:09 pm
 
Forum: Personal Consumer Issues
Topic: Hackers steal £650m – 10 ways to protect your bank account
Replies: 6
Views: 934

Re: Backdoor Roth tax chaos; did my F.A. lead me astray?

What are the implications for taxes owed and basis carried forward in that scenario? This is how I understand it. I'm betting that ED sees it the same way. If the contribution to tIRA is non-deductible, there is no tax when you convert from tIRA to Roth IRA. Whatever basis you have left over is &qu...
by Epsilon Delta
Mon Feb 16, 2015 1:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth tax chaos; did my F.A. lead me astray?
Replies: 36
Views: 2001

Re: Engaged Tax Planning

When do you plan to get married? If it's after 2015 then taking the savers credit for 2014 and converting in 2015 is an option. If the marriage will be in 2015 you may want to pay attention to withholding for 2015.
by Epsilon Delta
Mon Feb 16, 2015 12:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: Engaged Tax Planning
Replies: 5
Views: 547

Re: What 3 MATERIAL things would you take with you?

I would not go. I'd go. What a fantastic adventure. Might as well die on Mars as Earth. For my 3 things I'd take 3 big moving vans packed with everything I could fit into them. Nasa's minutarization tech only works on things that can be bought as a whole package. They have to get the design specs f...
by Epsilon Delta
Mon Feb 16, 2015 11:49 am
 
Forum: Personal Consumer Issues
Topic: What 3 MATERIAL things would you take with you?
Replies: 34
Views: 1248

Re: Backdoor Roth tax chaos; did my F.A. lead me astray?

It doesn't makes sense to have gains to use up "orphaned" basis. How else would you get your basis back to $0 at year end? Why do you want the basis back to $0? The basis has value, using needlessly it is throwing money away. Some years you will have a gain in the normal course of events....
by Epsilon Delta
Mon Feb 16, 2015 11:32 am
 
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth tax chaos; did my F.A. lead me astray?
Replies: 36
Views: 2001

Re: Tenants won't let us show the rental: what do we do?

I would be concerned about what tenants are hiding and want property manager to give notice and inspect premises anyway, now. If there is illegal drug activity or significant damage or illegal pet, the property manager should inspect and report to you and take immediate corrective measures with you...
by Epsilon Delta
Mon Feb 16, 2015 11:14 am
 
Forum: Personal Finance (Not Investing)
Topic: Tenants won't let us show the rental: what do we do?
Replies: 60
Views: 6926

Re: Backdoor Roth tax chaos; did my F.A. lead me astray?

Thank you so much, Epsilon Delta (and others). By switching to the desktop version of TurboTax and looking in Forms view at the Form 8606, I was able to figure out the issue here: TurboTax wasn't accounting for my total basis in traditional IRAs (line 2); instead of having $5500 on that line, Turbo...
by Epsilon Delta
Mon Feb 16, 2015 11:06 am
 
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth tax chaos; did my F.A. lead me astray?
Replies: 36
Views: 2001

Re: Backdoor Roth tax chaos; did my F.A. lead me astray?

The way I read it, you have two issues. 1) The presence of the second IRA contribution on 12/31/14 means that it (the second contribution) must be pro-rated in with the conversion of the first contribution. This is what TT is telling you and it seems alarming, but it will work out. You will pay mor...
by Epsilon Delta
Mon Feb 16, 2015 10:51 am
 
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth tax chaos; did my F.A. lead me astray?
Replies: 36
Views: 2001

Re: Vanguard sued for charging too little

It's not a charitable organization - its a standard corporation. Many sports and social clubs are organized as standard corporations rather than charities. They don't pay taxes because they don't make a profit. Apart from the question of scale is this any different from Vanguard? Are these clubs vi...
by Epsilon Delta
Mon Feb 16, 2015 10:34 am
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard sued for charging too little
Replies: 275
Views: 44149

Re: Backdoor Roth tax chaos; did my F.A. lead me astray?

As long as you don't have more than a few percentage growth while the money is in the traditional IRA, having the money in the traditional IRA at the end of the year should not result in a large amount of taxable income. This is because you also have the basis from your non-deductible contributions ...
by Epsilon Delta
Sun Feb 15, 2015 11:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth tax chaos; did my F.A. lead me astray?
Replies: 36
Views: 2001

Re: Mental games

One thing that has always struck me about the people one occasionally reads about who seem to be absurdly good at puzzles, "mental math," or who supposedly have extremely high IQ's, is that none of them seem to have any real accomplishments usually associated with unusually high intellect...
by Epsilon Delta
Sun Feb 15, 2015 9:13 pm
 
Forum: Personal Consumer Issues
Topic: Mental games
Replies: 32
Views: 2485

Re: Best Men's Winter Pants

Wool pants are not economical primarily due to expensive dry cleaning requirement. What are good options for men's winter pants? I wore a couple of pairs of wool blend pants as part of a uniform for four years of high school.* I can guarantee they were never dry cleaned. Despite being machine washe...
by Epsilon Delta
Sun Feb 15, 2015 8:46 pm
 
Forum: Personal Consumer Issues
Topic: Best Men's Winter Pants
Replies: 18
Views: 1552

Re: Vanguard sued for charging too little

It's not a charitable organization - its a standard corporation. Many sports and social clubs are organized as standard corporations rather than charities. They don't pay taxes because they don't make a profit. Apart from the question of scale is this any different from Vanguard? Are these clubs vi...
by Epsilon Delta
Sun Feb 15, 2015 8:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard sued for charging too little
Replies: 275
Views: 44149

Re: HTTPS (aka TLS, aka SSL) comes to bogleheads.org

Regarding concerns over TLS 1 vs 1.2 etc, all modern browsers will negotiate the most secure cipher available on the server. That doesn't solve the problem. One concern is a man-in-the-middle attack. So the browser is negotiating with the man-in-the-middle who can force use of the weakest protocol ...
by Epsilon Delta
Sat Feb 14, 2015 9:07 pm
 
Forum: Forum Issues and Administration
Topic: HTTPS (aka TLS, aka SSL) comes to bogleheads.org
Replies: 49
Views: 5480

Re: Questions on how to declare this stock sale on Form 8949

I think you misunderstand the meaning of net and gross. Gross is before adjustments so:

Tamales wrote:The price per share was $0.097 so the sale only nettedgrossed .097 x 16 =$1.55.

If you grossed $1.55 and paid $1.55 commission you netted zero.
by Epsilon Delta
Fri Feb 13, 2015 10:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: Questions on how to declare this stock sale on Form 8949
Replies: 5
Views: 207

Re: Chaos, complexity and entropy [for non-physicists]

Until recently, there was no computer to do the tedious. Computers have been doing tedious things for a long time,. Here are some from 125 years ago: http://upload.wikimedia.org/wikipedia/commons/thumb/5/5a/Astronomer_Edward_Charles_Pickering%27s_Harvard_computers.jpg/307px-Astronomer_Edward_Charle...
by Epsilon Delta
Fri Feb 13, 2015 2:59 pm
 
Forum: Investing - Theory, News & General
Topic: Chaos, complexity and entropy [for non-physicists]
Replies: 113
Views: 7202

Re: Traditional IRA to Roth. What do I do with 1099R

I have completed the form 8606 and this is what I have. Please let me know if this is correct based on the information I provided in earlier conversations 1. 5500 2. 5500 3.11000 4.5500 5.5500 6.0 7.0 8.6019.51 9.6019.51 10.0.914 11.5500 12.0 13.5500 14. 5500 15.0 16. 6019.51 17.5500 18.519.51 Look...
by Epsilon Delta
Fri Feb 13, 2015 2:02 am
 
Forum: Personal Finance (Not Investing)
Topic: Traditional IRA to Roth. What do I do with 1099R
Replies: 15
Views: 997

Re: Backdoor Roth as Emergency Fund - Withdrawal Penalty?

The penalty only applies to the portion "that you had to include in income". Thus, if you contributed $5500 in 2014 and converted $5600 (including $100 in income), and contributed $5500 in 2015 and converted $5700 (including $200 in income), you can withdraw $5500 penalty-free. The next $...
by Epsilon Delta
Thu Feb 12, 2015 9:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth as Emergency Fund - Withdrawal Penalty?
Replies: 11
Views: 963

Re: Traditional IRA to Roth. What do I do with 1099R

Backdoor 2014 $5500 deposited to TIRA in Jan 2015 for tax year 2014 and converted to Roth in Jan 2015 Backdoor 2015 $5500 deposited to TIRA in Jan 2015 for tax year 2015 and converted to Roth in Jan 2015. I did not realize I could do the backdoor Roth in the same tax year. My financial advisor made...
by Epsilon Delta
Thu Feb 12, 2015 9:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Traditional IRA to Roth. What do I do with 1099R
Replies: 15
Views: 997

Re: Traditional IRA to Roth. What do I do with 1099R

I found the 8606! I will try to figure out how to file this on TT or taxact based on the paper instructions you have given me. Does this make me ineligible for backdoor roth for Tax year 2014? This current 8606 is for 2013 contribution. Thank you for the help. No, you are still eligible for the 201...
by Epsilon Delta
Thu Feb 12, 2015 6:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Traditional IRA to Roth. What do I do with 1099R
Replies: 15
Views: 997
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