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Re: Rollover to TSP

I've been following this, as I also rolled over money from a former employer 401k to TSP this year (I received a check made out to TSP FBO me and sent it on to TSP within 60 days). I was assuming there was nothing to report on my tax forms this year (paper filing still) -- is that right?
by Iorek
Tue Apr 22, 2014 8:56 am
 
Forum: Investing - Help with Personal Investments
Topic: Rollover to TSP
Replies: 11
Views: 756

Re: How is your Tax-Advantage Portfolio Different?

It doesn't matter whether you can rebuild the loss in the same account or in the other account; what matters is the money you will have available to spend, which depends on your future investments and the after-tax value of your present investments. If you are maxing out both your Roth IRA and your...
by Iorek
Mon Apr 21, 2014 11:40 pm
 
Forum: Investing - Theory, News & General
Topic: How is your Tax-Advantage Portfolio Different?
Replies: 17
Views: 1028

Re: sued by landlord

In many urban areas there are tenant rights groups that would assist. This is true, but it's also true that most landlord-tenant courts and small claims courts (where this would like end up) are used to people representing themselves, and if you are reasonable, articulate (or at least reasonably ar...
by Iorek
Mon Apr 21, 2014 9:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: sued by landlord
Replies: 34
Views: 4095

Re: sued by landlord

If you plan to move out anyway, why even bother showing up? What are you going to do, show up in court in May and reiterate your position that you already moved out last month? This is civil court, you don't have to show up. There's no such thing as failure to appear in a civil matter. I guess the ...
by Iorek
Sun Apr 20, 2014 9:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: sued by landlord
Replies: 34
Views: 4095

Re: Always understand taxes do not trust software

I always print out my return and see where my entries are reflected and if I can follow it along, but I don't try to do it from scratch. I also don't e-file because I prefer to have a record of exactly what information was submitted to the IRS (and occasionally I might have to override a field for s...
by Iorek
Thu Apr 10, 2014 10:40 am
 
Forum: Personal Consumer Issues
Topic: Always understand taxes do not trust software
Replies: 33
Views: 2756

Re: New TV or Sound bar?

After doing some more research I think I'm going to go with a ZVOX SoundBase 220 and get this HDMI switch - http://www.monoprice.com/Product?c_id=101&cp_id=10110&cs_id=1011001&p_id=8148&seq=1&format=2 I may also get a Bluetooth receiver, but don't really want one extra thing to ...
by Iorek
Wed Apr 09, 2014 7:59 pm
 
Forum: Personal Consumer Issues
Topic: New TV or Sound bar?
Replies: 38
Views: 2230

Re: New TV or Sound bar?

I think in general sound on most TVs is pretty bad-- perhaps with the thinner TVs it's more difficult to get decent sound, or maybe they've given up trying because people are getting separate soundbars. You could look at the vizio soundbars-- I know a lot of people have been happy with them as a goo...
by Iorek
Tue Apr 08, 2014 11:26 pm
 
Forum: Personal Consumer Issues
Topic: New TV or Sound bar?
Replies: 38
Views: 2230

Re: How often do you rebalance to maintain your AA

I use lifecycle funds, but I tend to look at my balances in Jan and decide where to put new money if I have some.
by Iorek
Tue Apr 08, 2014 12:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: How often do you rebalance to maintain your AA
Replies: 35
Views: 1681

Re: Can minor child claim self exemption on 1040?

From Pub 17 -- "You can take one exemption for yourself unless you can be claimed as a dependent by another taxpayer. If another taxpayer is entitled to claim you as a dependent, you cannot take an exemption for yourself even if the other taxpayer does not actually claim you as a dependent. &qu...
by Iorek
Mon Apr 07, 2014 12:00 am
 
Forum: Personal Finance (Not Investing)
Topic: Can minor child claim self exemption on 1040? [generally no]
Replies: 3
Views: 150

Re: Putting $ away for children

209south wrote:Chadnudj - THAT is a good reply...the idea of them wasting $75k concerns me, but you are right it is actually a great trial run for the far bigger windfall coming their way due to their grandfather's largesse!


If only someone had suggested that within the first ten posts...
by Iorek
Sat Apr 05, 2014 3:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: Putting $ away for children
Replies: 103
Views: 5441

Re: Help me understand Michael Lewis' "Flash Boys"

So? There is nothing of substance to discuss. SEC and FINRA are aware of what is going on. Until they take action their inactivity indicates that they have no objections to current trading practice under Reg NMS. No brainer. Is your position really that if regulatory agencies have not taken action ...
by Iorek
Fri Apr 04, 2014 9:59 pm
 
Forum: Investing - Theory, News & General
Topic: Help me understand Michael Lewis' "Flash Boys"
Replies: 164
Views: 8804

Re: Term Life Insurance - Young Couple in 20's

$6K for a few minutes of time seems worth it, no? I had no idea you can decrease your plan over time. which can theoretically accomplish the same thing, so definitely good to know. For myself only I will say that I wouldn't be confident enough that cutting my benefit in half after 20 years would be...
by Iorek
Fri Apr 04, 2014 5:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: Delete
Replies: 11
Views: 705

Re: Online Wills

I'm wondering what the best way is to deal with the following situation. I want to leave my house and at least half of the remainder of my estate to my live-in long-term girlfriend (common-law wife ?). And I'm also going to leave a substantial chunk to my godchild (a child, with trusted friend as t...
by Iorek
Fri Apr 04, 2014 3:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Online Wills
Replies: 27
Views: 2427

Re: Term Life Insurance - Young Couple in 20's

I tend to err on the side of over-insuring, but I would get 30 years of coverage-- that should take you to where loss of salary wouldn't cause problems-- and I'd cover your wife as well (as you probably know, childcare-- both formal and informal-- can be very expensive). You can always cut back on c...
by Iorek
Fri Apr 04, 2014 12:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Delete
Replies: 11
Views: 705

Re: IRA Rollover Ruling vs IRS Pub 590

Already discussed (for 2 months) here

viewtopic.php?f=2&t=132206
by Iorek
Fri Apr 04, 2014 12:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tax Court strikes a blow to IRA Rollovers
Replies: 98
Views: 11477

Re: Putting $ away for children

Why wouldn't you just suggest to the child that he/she stick it in total stock market (or total stock plus int'l, or total plus int'l plus total bond)? Given the low tax rates on caps gains and qualified dividends (esp. in child's tax bracket) that seems like the best option to me. Tying it up in a ...
by Iorek
Fri Apr 04, 2014 10:51 am
 
Forum: Investing - Help with Personal Investments
Topic: Putting $ away for children
Replies: 103
Views: 5441

Re: 529 plan question

My understanding (although I'm not an expert) is that student assets are tapped at a higher rate than parental assets (maybe 20% vs. 5%). EDIT: Savingforcollege also reports that although my above statement is generally true, beginning in 2009-10, 529s owned by the student are treated as parental as...
by Iorek
Thu Apr 03, 2014 6:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: 529 plan question
Replies: 2
Views: 250

Re: GPS with "favor interstates" option?

I have experienced this and I think (as others have suggested) it comes down to Garmin figures you will travel exactly the speed limit-- so it tends to slightly overestimate driving time on the highway and it can significantly underestimate driving time on a road that is marked as 30-35 mph but in r...
by Iorek
Thu Apr 03, 2014 9:27 am
 
Forum: Personal Consumer Issues
Topic: GPS with "favor interstates" option?
Replies: 37
Views: 1343

Re: Putting $ away for children

We can only read what you write. "The kids do not know they have that money" and "I'm thinking of burying the other $75k each" paint a very different picture. I am still bothered by taking the $75k each and investing it wisely on their behalf, letting them know about it at a fut...
by Iorek
Wed Apr 02, 2014 11:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: Putting $ away for children
Replies: 103
Views: 5441

Re: Bailing On Pimco Bond?

I had it for a long time in an ex-employer 401k and it did well for me, but I had a hard time justifying the expense ratio and between that and wanting to simplify my holdings I sold out out of it last summer. The news out of that fund lately would not make me comfortable with it as a longterm holdi...
by Iorek
Wed Apr 02, 2014 11:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: Bailing On Pimco Bond?
Replies: 19
Views: 1978

Re: Thoughts on TSP Lifecyle Glide Paths

FWIW, the TSP glide paths are similar to Vanguard's target date funds except the TSP has around 10% more fixed income compared to Vanguard. It's true that VG's retirement income fund is about 30/70, while TSP's retirement income fund is about 20/80, but there is a 5-10 year period at/during retirem...
by Iorek
Tue Apr 01, 2014 12:50 pm
 
Forum: Investing - Theory, News & General
Topic: Thoughts on TSP Lifecyle Glide Paths
Replies: 10
Views: 1039

Re: Accident in a rental car on government credit card

I don't know much about this, but my understanding is that there are special rules for govt rentals, and the matter will be handled between the rental car agency and the govt. If you need more info I would look at this website, http://www.defensetravel.dod.mil/site/rentalCar.cfm, and I think you/he ...
by Iorek
Tue Apr 01, 2014 9:27 am
 
Forum: Personal Consumer Issues
Topic: Accident in a rental car on government credit card
Replies: 24
Views: 1314

Re: Thoughts on TSP Lifecyle Glide Paths

I agree with you that I like it up to those 5 years, and the answer is just to wait til it's actually out of whack with where you want to be. FWIW, my best guess is that the glide path is designed for people who are going to annuitize their TSP accounts at retirement (TSP has long had a good reputat...
by Iorek
Mon Mar 31, 2014 9:11 pm
 
Forum: Investing - Theory, News & General
Topic: Thoughts on TSP Lifecyle Glide Paths
Replies: 10
Views: 1039

Re: [New 8th Circuit Ruling Striking Down High 401K Fees]

Most of the trial courts judgment was reversed and sent back for modification including the 12.9M awarded to Schecter law firm as legal fees Judgment against fidelity for 1.7M was vacated and Fidelity was dismissed from the case which mean it cannot be liable for paying any legal fees Judgment of 2...
by Iorek
Mon Mar 31, 2014 8:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: [New 8th Circuit Ruling Striking Down High 401K Fees]
Replies: 44
Views: 2489

Re: 401k vs Roth?

FWIW, I would just go with the 401k and if you have the chance to increase savings later then start putting money into a Roth IRA.
by Iorek
Mon Mar 31, 2014 3:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401k vs Roth?
Replies: 12
Views: 929

Re: [New 8th Circuit Ruling Striking Down High 401K Fees]

For what it's worth, the 8th circuit actually reversed the district court's finding with respect to investment options (the plan replaced Wellington with some Fidelity lifecycle funds). The breach of fiduciary duty was actually in overpaying for recordkeeping and allowing Fidelity to make too much i...
by Iorek
Mon Mar 31, 2014 3:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: [New 8th Circuit Ruling Striking Down High 401K Fees]
Replies: 44
Views: 2489

Re: should I convert my rollover 401k to Roth IRA?

What's important isn't so much your total/effective tax rate as your marginal tax rate (the tax you will incur on the next $1,000 of income, which will almost certainly be higher than your effective rate because you lose the benefit of both lower brackets and deductions that reduced taxes on your al...
by Iorek
Sun Mar 30, 2014 10:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: should I convert my rollover 401k to Roth IRA?
Replies: 5
Views: 286

Re: Deduction of tax preparation fees in the US (timing)

I don't think I have ever had misc itemized deductions above the floor, but I would think you could deduct on your 2014 taxes the amount that "used up" during 2014. I am guessing you still have some right to a refund of the remaining funds if you were to end your client relationship-- if n...
by Iorek
Sun Mar 30, 2014 9:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Deduction of tax preparation fees in the US (timing)
Replies: 7
Views: 404

Re: Poll: how did you decide on stock/bond allocation?

I used Larry Swedroe's adage about need, ability, and willingness to accept risk combined with years and years of my own personal investing behavior which has demonstrated a need for me to use prime numbers. So did you end up with 71/29, or 83/17? I'm not sure I could describe it precisely-- I'd sa...
by Iorek
Sun Mar 30, 2014 2:02 pm
 
Forum: Investing - Theory, News & General
Topic: Poll: how did you decide on stock/bond allocation?
Replies: 35
Views: 1862

Re: Frugality regret: What thing do you regret not spending

seychellois_lib wrote:In 1979 I was assigned to Thule, Greenland and used to get the WSJ mailed up. I came across Berkshire Hathaway at around $279 a share. I had $30K in the bank, spent it on boats, booze and babes, the rest I wasted. Oops!


but the memories are priceless! :sharebeer
by Iorek
Tue Mar 25, 2014 4:59 pm
 
Forum: Personal Consumer Issues
Topic: Frugality regret: What thing do you regret not spending on?
Replies: 112
Views: 14341

Re: William Bernstein-When you've won the game, why keep pla

I wonder if many aggressive investors, who have been very successful, retire with a large nest egg and maintain their aggressive equity allocation as they cross over from accumulation to retirement withdrawal. I think it would be rather hard to change since the investment approach has been so succe...
by Iorek
Tue Mar 25, 2014 9:48 am
 
Forum: Investing - Theory, News & General
Topic: William Bernstein-When you've won the game, why keep playing
Replies: 241
Views: 25063

Re: Noob questions on Roth/TSP.

Your TSP limits are entirely separate from your IRA limits (so you can invest in both up to the max). The limits are the same for both Roth and Traditional, and in (IMHO) for many people the best reason to invest in a Roth is that it effectively sets aside more money for retirement (because you have...
by Iorek
Sun Mar 23, 2014 6:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: Noob questions on Roth/TSP.
Replies: 6
Views: 569

Re: Target Retirement vs. Underlying Funds

FWIW, I think there is considerable debate over whether it's better to keep bonds or stocks in taxable accounts.
by Iorek
Sat Mar 22, 2014 12:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: Target Retirement vs. Underlying Funds
Replies: 3
Views: 342

Re: Frugality regret: What thing do you regret not spending

When my then-girlfriend and I were in Venice in our early 20s I thought a gondola ride was too expensive, so we ended up taking another trip about 15 years later so my now-wife and I could fix that mistake. :)
by Iorek
Sat Mar 22, 2014 12:27 pm
 
Forum: Personal Consumer Issues
Topic: Frugality regret: What thing do you regret not spending on?
Replies: 112
Views: 14341

Re: Sign up for COBRA?

I will be coming up on a similar situation this summer. I will have about 8 days of "non-coverage" and I also live in MA. That's great if some healthcare issue arose and I could retroactively buy COBRA but what about the MA state and federal taxes depicting a gap in coverage for that 1-2 ...
by Iorek
Fri Mar 21, 2014 3:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Sign up for COBRA?
Replies: 7
Views: 870

Re: Charles Ellis "Letter to Grandkids"

I am sceptical how actionable this statement is going forward-- "your salary or earned income—with its predictable cash payments for your knowledge capital—will be similar to interest income from owning bonds when you lend your financial capital, or savings." I understand the metaphor, but...
by Iorek
Fri Mar 21, 2014 9:32 am
 
Forum: Investing - Theory, News & General
Topic: Charles Ellis "Letter to Grandkids"
Replies: 9
Views: 2275

Re: Sign up for COBRA?

I don't know much about HSAs, but I can tell you that if you have less than a 63 day break in coverage, the break is disregarded for purposes of preexisting conditions exclusion. I would assume it is likewise disregarded for purposes of any individual mandate. I would not bother purchasing COBRA for...
by Iorek
Fri Mar 21, 2014 9:25 am
 
Forum: Personal Finance (Not Investing)
Topic: Sign up for COBRA?
Replies: 7
Views: 870

Re: Online Wills

If you aren't going to use a lawyer, I would second willmaker as the best (and a viable) alternative. With my Mac, I cannot use the CD or downloaded version (What's up with that ?!?) But they do have an online version; any opinions on that ? My situation is relatively simple, I think, as I am un-ma...
by Iorek
Sun Mar 16, 2014 4:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Online Wills
Replies: 27
Views: 2427

Re: Online Wills

By "online" do you mean completed on a website or simply done on a computer? I've used Quicken's/Nolo's Willmaker plus - http://www.nolo.com/products/quicken-willmaker-plus-wqp.html It's simple and easy to use and I think it's good enough for basic wills and other important documents -- f...
by Iorek
Sat Mar 15, 2014 10:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Online Wills
Replies: 27
Views: 2427

Re: Should you discuss your wages with your peers?

The pros: none. The cons: losing your job. FWIW, I think it is illegal to fire someone for sharing salary information with co-workers. I've have always worked in environments where salary was easily known and it's never caused issues. As far as I am concerned, management should be able to justify s...
by Iorek
Sat Mar 15, 2014 3:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should you discuss your wages with your peers?
Replies: 82
Views: 6627

Re: Emergency savings strategy

+! on the i-bonds-- it's an investment I am happy to hold long-term, but it's also very safe and liquid in the short term (after a year at least).
by Iorek
Fri Mar 14, 2014 8:19 pm
 
Forum: Investing - Theory, News & General
Topic: Emergency savings strategy
Replies: 8
Views: 1432

Re: Do billionaires need umbrella insurance?

Seems strange to me that a billionaire would feel the need to purchases life insurance. My guess is it's an estate planning/tax shelter technique. IIRC, for the super-rich whole life offers a way to get asset appreciation out of the taxable estate and passed on to the next generation with a minimum...
by Iorek
Fri Mar 14, 2014 8:34 am
 
Forum: Personal Finance (Not Investing)
Topic: Do billionaires need umbrella insurance?
Replies: 16
Views: 1845

Re: convert to roth?

You might consider i-bonds as a way of expanding your tax-deferred space (and getting inflation protection), if you haven't already.
by Iorek
Sun Mar 09, 2014 11:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: convert to roth?
Replies: 9
Views: 698

Re: How did you get through the market crash in 08-09

I was, and am, still working, so what I did was stop opening my statements, or if I opened them, it was only to glance at them and make some joke about how much we had lost that quarter (and the extent to which our contributions for the quarter made up the difference). I consolidated some investment...
by Iorek
Sun Mar 09, 2014 9:01 pm
 
Forum: Investing - Theory, News & General
Topic: How did you get through the market crash in 08-09
Replies: 104
Views: 5453

Re: HUGE retirement decision.

This question comes up a lot for federal retirees and I know one strategy that is often recommended is to price out a life insurance policy-- even though it may seem odd to be buying life insurance at retirement it can be cheaper than taking the reduced annuity. I would probably go with option 2, bu...
by Iorek
Sun Mar 09, 2014 8:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: HUGE retirement decision.
Replies: 71
Views: 6005

Re: IRA basis carryover question w/backdoor Roth

Resuscitating this thread to try and figure out what happens if you had a loss when you converted your traditional IRA (as part of a backdoor IRA process) and whether the loss creates basis for the next year, assuming you don't claim the loss as a misc. itemized deduction. The instructions to Form 8...
by Iorek
Sun Mar 09, 2014 8:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: IRA basis carryover question w/backdoor Roth
Replies: 5
Views: 486

Re: Simplest Personal Finance Post

I think many people are better off saving in their 401k than in a Roth so I would not prioritize them that way. I'd also not tell them where their emergency fund should be, because I think there are lots of good options.
by Iorek
Sat Mar 08, 2014 10:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Simplest Personal Finance Post
Replies: 7
Views: 874

Re: Your stock/bond mix for those ~20 yrs from retirement

About 15 or so years out, aiming for 70/30 but in reality most of our money is in a TSP lifecycle which is 67/33.
by Iorek
Sat Mar 08, 2014 10:56 am
 
Forum: Investing - Help with Personal Investments
Topic: Your stock/bond mix for those ~20 yrs from retirement
Replies: 42
Views: 2792

Re: Vanguard files for active fund ETFs

SteelyEyed wrote:Maybe they will have a FTSE ex-US Small Cap Index w/RBD Management ETF.


does livesoft get an advisory contract out of that?
by Iorek
Fri Mar 07, 2014 4:49 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard files for active fund ETFs
Replies: 21
Views: 1526
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