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Re: Performed backdoor Roth and accountant did not file 8606

Did you have any TIRAs w/ deductible contributions at the end of last year? If you didn't and you did a "real" backdoor Roth conversion and didn't take a deduction for the non-deductible TIRA contribution, it sounds like your taxes are ok in amount but a bit sketchy in details so you migh...
by John3754
Wed Dec 17, 2014 10:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Performed backdoor Roth and accountant did not file 8606
Replies: 46
Views: 2957

Re: Performed backdoor Roth and accountant did not file 8606

The accountant says the form was not filed and that it is not required. He says the contribution was characterized as a rollover on my return and that should be fine. The amount that was "backdoored" was listed on line 16a. What do I need to do to fix this? What are the consequences here?
by John3754
Wed Dec 17, 2014 9:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Performed backdoor Roth and accountant did not file 8606
Replies: 46
Views: 2957

Re: Performed backdoor Roth and accountant did not file 8606

When you say last year, do you mean your traditional IRA contribution for tax year 2013? When was this contribution made (in calendar 2013 or in calendar 2014)? When was the conversion done? In early 2013 I made a traditional IRA contribution and as soon as the funds cleared I converted it to Roth....
by John3754
Sun Dec 14, 2014 9:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Performed backdoor Roth and accountant did not file 8606
Replies: 46
Views: 2957

Performed backdoor Roth and accountant did not file 8606

Last year I made a backdoor Roth IRA contribution (conversion was done immediately and there were no gains) and I do not believe that my accountant filed form 8606. Is this a problem? Are there any consequences? Is there any action I need to take?
by John3754
Sun Dec 14, 2014 8:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Performed backdoor Roth and accountant did not file 8606
Replies: 46
Views: 2957

Does AMT affect using harvested loss against regular income?

I'm subject to the AMT, does this have any effect on my ability to write harvested losses from my taxable account off against $3k of regular income for the year?
by John3754
Sun Dec 14, 2014 7:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Does AMT affect using harvested loss against regular income?
Replies: 1
Views: 248

Re: do people still steal portable GPSs from cars?

People will steal anything that they can walk away with, I've seen cars broken into for pocket change.
by John3754
Sun Dec 14, 2014 11:51 am
 
Forum: Personal Consumer Issues
Topic: do people still steal portable GPSs from cars?
Replies: 13
Views: 1934

Difference between VTIAX and VFWAX? Possible TLH pair?

What is the difference between VTIAX (Vanguard total international stock index fund) and VFWAX (FTSE all world ex-US index fund)? Can these two funds be used as a tax loss harvesting pair or are they too similar? Thanks.
by John3754
Sat Dec 13, 2014 6:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: Difference between VTIAX and VFWAX? Possible TLH pair?
Replies: 1
Views: 269

Re: Investing more when the market is down.

But I can't see how this isn't "timing the market" and thus should be against Boglehead principles. To me, "timing" is thinking that you can preempt an upward or downward movement. Buying more when prices are down isn't an exercise in preemption; it's reacting to a de facto down...
by John3754
Sat Dec 13, 2014 2:22 pm
 
Forum: Investing - Theory, News & General
Topic: Investing more when the market is down.
Replies: 22
Views: 2292

Re: Investing more when the market is down.

Yes, purposely holding cash out of the market with the specific intent of "buying more stocks when the market is down" is market timing, it has also been proven to decrease long term returns (so called "cash drag").
by John3754
Sat Dec 13, 2014 2:05 pm
 
Forum: Investing - Theory, News & General
Topic: Investing more when the market is down.
Replies: 22
Views: 2292

Re: Is this a reasonable asset allocation?

dvd7e wrote:Questions:
1. Is this a reasonable asset allocation for my retirement account?


Answer:
Yes it is.
by John3754
Sat Dec 13, 2014 1:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is this a reasonable asset allocation?
Replies: 14
Views: 1121

Re: You folks think the big one is coming?

You can't time the market.
by John3754
Fri Dec 12, 2014 6:26 pm
 
Forum: Investing - Theory, News & General
Topic: You folks think [a market crash] is coming?
Replies: 64
Views: 5672

Re: Energy sector

You can't time the market.
by John3754
Fri Dec 12, 2014 9:26 am
 
Forum: Investing - Theory, News & General
Topic: Energy sector
Replies: 55
Views: 4184

Re: 'Might Jack Bogle Be Wrong for a Change?' [Int'l holding

Might Jack Bogle Be Wrong for a Change? Index Fan: These are annualized returns for the last 15 years (longest period on Morningstar's website): 5.26% -- Vanguard Total U.S. Stock Market Index Fund (VTSMX) 3.84% -- Vanguard Total International Stock Market Index Fund (VGTSX) Mr. Bogle is seldom wro...
by John3754
Thu Dec 11, 2014 2:46 pm
 
Forum: Investing - Theory, News & General
Topic: 'Might Jack Bogle Be Wrong for a Change?' [Int'l holdings]
Replies: 49
Views: 4163

Re: How do you contribute to your IRA?

I contribute a lump sum on the first business day of every year. Market timing doesn't work.
by John3754
Thu Dec 11, 2014 2:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: How do you contribute to your IRA?
Replies: 33
Views: 1644

Re: Is it worth purchasing Ibonds on the verge retirement?

If you have $10k that you want to allocate to fixed income then I don't see why it would be a bad idea.
by John3754
Thu Dec 11, 2014 1:14 pm
 
Forum: Investing - Theory, News & General
Topic: Is it worth purchasing Ibonds on the verge retirement?
Replies: 25
Views: 2446

Re: Are you a Morning Person?

I hate mornings, always have, if given my preference I'd stay up most of the night and sleep through the morning.
by John3754
Thu Dec 11, 2014 11:40 am
 
Forum: Personal Consumer Issues
Topic: Are you a Morning Person?
Replies: 15
Views: 1138

Re: Why don't YOU follow Buffett's advice?

Because argumentum ab auctoritate (a pervasive logical fallacy) is not a good reason to do anything.
by John3754
Wed Dec 10, 2014 5:34 pm
 
Forum: Investing - Theory, News & General
Topic: Why don't YOU follow Buffett's advice?
Replies: 114
Views: 8068

Re: Poll: Dividend income to match annual salary?

I plan on retiring long before my portfolio's dividend yield is anywhere near my current income level. First, my yearly spending is far less than my current income, so I don't need my portfolio to generate my current income for me to be financially independent. Second, total return is what matters, ...
by John3754
Tue Dec 09, 2014 10:18 pm
 
Forum: Investing - Theory, News & General
Topic: Poll: Dividend income to match annual salary?
Replies: 39
Views: 3586

Re: What is the best meal you've had at a restaurant?

Sushi Saito in Tokyo.
by John3754
Tue Dec 09, 2014 10:03 pm
 
Forum: Personal Consumer Issues
Topic: What is the best meal you've had at a restaurant?
Replies: 88
Views: 6555

Re: Bogle Advises Investing No More Than 20% Outside U.S.

Story today that Buffett has become the world's second richest man. Dang -- if he'd just gone 50/50 between domestic and international he'd probably be number one! We get it, Buffett advocates 100% US - argumentum ab auctoritate. I guess since you invest like Buffett you'll be a billionaire soon to...
by John3754
Mon Dec 08, 2014 8:46 pm
 
Forum: Investing - Theory, News & General
Topic: Bogle Advises Investing No More Than 20% Outside U.S.
Replies: 106
Views: 11368

Re: Erroneous NY Ezpass violation - Any tips?

I would call them and see what the deal is.
by John3754
Sun Dec 07, 2014 11:12 am
 
Forum: Personal Consumer Issues
Topic: Erroneous NY Ezpass violation - Any tips?
Replies: 11
Views: 986

Re: Gifting I bonds

Yes it does.
by John3754
Sat Dec 06, 2014 7:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: Gifting I bonds
Replies: 17
Views: 1355

Re: How to invest settlement?

Not enough information to give a meaningful answer.
by John3754
Sat Dec 06, 2014 6:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: How to invest settlement?
Replies: 6
Views: 642

Re: Family jewels, kind of.

I'm sure this was not their intention but it seems to me that they've put you in an awkward situation. Personally I would not feel pressured to purchase a diamond from them if you feel you can find a better deal elsewhere, I would simply say I appreciate the offer but no thank you. If they are offen...
by John3754
Sat Dec 06, 2014 3:57 pm
 
Forum: Personal Consumer Issues
Topic: Family jewels, kind of.
Replies: 44
Views: 3317

Re: Bogle Advises Investing No More Than 20% Outside U.S.

Browser wrote:How much foreign does Warren Buffett have in Berkshire? Not so much -- and he seems to have done OK.


Which means absolutely nothing.
by John3754
Sat Dec 06, 2014 12:51 pm
 
Forum: Investing - Theory, News & General
Topic: Bogle Advises Investing No More Than 20% Outside U.S.
Replies: 106
Views: 11368

Re: Bogle Advises Investing No More Than 20% Outside U.S.

Call_Me_Op wrote:Japan


What about Japan?
by John3754
Sat Dec 06, 2014 10:29 am
 
Forum: Investing - Theory, News & General
Topic: Bogle Advises Investing No More Than 20% Outside U.S.
Replies: 106
Views: 11368

Re: Bond Funds

That doesn't make sense, why would rising rates hurt short term bond funds more than intermediate term bond funds?
by John3754
Sat Dec 06, 2014 9:35 am
 
Forum: Investing - Help with Personal Investments
Topic: Bond Funds
Replies: 6
Views: 508

Re: My Rate of Return on my 401K is 9.83%. Is that Good?

Not enough information to give a meaningful answer. What funds do you have the money in? What percentage is allocated to each fund? What are the expense ratios?
by John3754
Fri Dec 05, 2014 7:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: My Rate of Return on my 401K was 9.83%. Is that Good?
Replies: 30
Views: 2495

Re: Best Investment Advice For 49-Year Old With Two Million

Not enough information to give a meaningful answer.

Why are you focused on income and not total return?
by John3754
Thu Dec 04, 2014 7:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Best Investment Advice For 49-Year Old With Two Million Cash
Replies: 23
Views: 3208

Re: Someone explain why bond funds are "safe?"

Bonds are not "safe", they are "safER" than stocks. Also, individual bonds do in fact lose value if rates rise. Also, a drop from $10k to $7k would be a 30% loss, that is not feasible with a high quality intermediate duration bond fund; but it's very feasible with a stock fund, a...
by John3754
Thu Dec 04, 2014 3:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: Someone explain why bond funds are "safe?"
Replies: 33
Views: 2636

Re: Where do you shop for groceries?

I use all three of these options depending on what I'm buying.
by John3754
Thu Dec 04, 2014 10:09 am
 
Forum: Personal Consumer Issues
Topic: Where do you shop for groceries?
Replies: 82
Views: 6041

Re: European underperformance - here to stay?

It doesn't surprise me at all, given the recent outperformance of domestic stocks over international stocks, that we're having this conversation here on a weekly basis. Many bogleheads preach "ignore the noise" and "stay the course" and "don't do something just stand there&q...
by John3754
Thu Dec 04, 2014 9:59 am
 
Forum: Investing - Theory, News & General
Topic: European underperformance - here to stay?
Replies: 32
Views: 2361

Re: Why does Buffett like S&P not Total US Market?

He may think like John Bogle about foreign currencies, suprise political happenings and accounting methods and he wanted to make it simple for his wife who probably doesn`t get involved with stock investing. The largest companies are powerhouses yet still perform well in valuation and purchasing po...
by John3754
Wed Dec 03, 2014 8:09 pm
 
Forum: Investing - Theory, News & General
Topic: Why does Buffett like S&P not Total US Market?
Replies: 29
Views: 2706

Re: Should I invest in smaller amounts?

Don't over think it as it will likely make little difference, the fact that you are saving and investing is what's important.
by John3754
Wed Dec 03, 2014 6:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I invest in smaller amounts?
Replies: 10
Views: 916

Re: Conservative portfolio results?

Look and see what that same $250,000 would've earned you in VG's Total Stock Market Index Fund (net of fees, of course), and see how it compares. I think you'll find the answer is pretty clear. It makes no sense to compare a total stock market index to the asset allocation that the OP posted: ALTER...
by John3754
Tue Dec 02, 2014 8:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: Conservative portfolio results?
Replies: 41
Views: 3600

Re: Diversification, Rebalancing Theory

1) Just because someone has a long time horizon doesn't mean they have the risk tolerance for 100% stocks. In other words the fact that someone is in their 20s or 30s doesn't necessarily mean that they can stomach seeing 50% of their life savings evaporate. 2) Owning some fixed income gives you a hi...
by John3754
Tue Dec 02, 2014 8:42 pm
 
Forum: Investing - Theory, News & General
Topic: Diversification, Rebalancing Theory
Replies: 7
Views: 477

Re: Conservative portfolio results?

4.8% before fees, or after fees? What exactly is this money invested in? What is the asset allocation? What services are you being provided for the hefty sum of 1.5%?
by John3754
Tue Dec 02, 2014 12:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: Conservative portfolio results?
Replies: 41
Views: 3600

Re: Help with too much cash

Sounds like you have no solid plan. Step 1 is to develop a workable plan. This is a good place to start:

https://www.bogleheads.org/wiki/Bogleheads®_investment_philosophy
by John3754
Mon Dec 01, 2014 7:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help with too much cash
Replies: 13
Views: 1356

Re: Bah Humbug

It can be difficult but I've consistently maintained with my family that while we very much appreciate the sentiment, we are trying hard not to accumulate additional "stuff" and don't want them to spend money on us. They still insist on getting gifts for us and ask what we want so I ask fo...
by John3754
Sun Nov 30, 2014 1:02 pm
 
Forum: Personal Consumer Issues
Topic: Bah Humbug [managing Christmas spending]
Replies: 52
Views: 4616

Re: What to measure as to "tightening the belt"

Spending $35k over budget in one year will mean something different if this is 10% over budget vs 100% over budget, regardless though, I think that spending significantly more because the market has done well recently could be a mistake. Why do I say this? Because we're 5 years into a bull market an...
by John3754
Sun Nov 30, 2014 12:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: What to measure as to "tightening the belt"
Replies: 11
Views: 1279

Re: "Where to Invest in 2015"

"In our January 2014 issue we said that the S&P 500 stock index would close at about 1900 -- Stock returns, including dividends, averaged 17% since our 2014 outlook. -- Like many others, though, our stock picks failed to keep up with the market. On average, our eight recommended stocks gain...
by John3754
Sun Nov 30, 2014 10:31 am
 
Forum: Investing - Theory, News & General
Topic: "Where to Invest in 2015"
Replies: 19
Views: 2766

Re: best brand probiotic

There's no definitive evidence that any probiotic suppliments have any real benefit, so it's possible that purchasing any of these products is just a waste of money.
by John3754
Sun Nov 30, 2014 10:28 am
 
Forum: Personal Consumer Issues
Topic: best brand probiotic
Replies: 7
Views: 815

Re: Where to put extra non retirement money?

I don't agree with the others. The OP's house wish is a modest goal, not a must have. Put the extra money in a total stock market fund and don't look back. It'll work out fine for you at some point. That's an advantage to having significant extra income... If your plan is to purchase a house within...
by John3754
Sat Nov 29, 2014 8:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: Where to put extra non retirement money?
Replies: 8
Views: 1266

Re: Where to put extra non retirement money?

It's not clear to me whether this "extra money" is money you want to invest long term, or put towards these short term expenses you mentioned. The house and the car are separate issues from long term investments, if these are purchases you're going to need/want to make in the next few year...
by John3754
Sat Nov 29, 2014 6:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: Where to put extra non retirement money?
Replies: 8
Views: 1266

Re: Is there anything between bonds and stocks?

Most investors want their portfolio to have higher yield than bonds but lower risk than stocks, that's why we use a mix of bonds and stocks. This gives you an overall risk/return profile that is "between stocks and bonds". Trying to find a single instrument that achieves this same thing is...
by John3754
Sat Nov 29, 2014 1:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is there anything between bonds and stocks?
Replies: 15
Views: 1493

Re: Planned adjustments post-crash/rise?

The market goes up more often than it goes down, so you are more likely to decrease your long term returns than increase them with this strategy.
by John3754
Sat Nov 29, 2014 1:22 am
 
Forum: Investing - Theory, News & General
Topic: Planned adjustments post-crash/rise?
Replies: 9
Views: 788

Re: An overdue update from a "panicked investor"

4) I like cash vs bonds. Bond funds do not make sense to me in this environment and I'd rather earn 0% and have some dry powder. You're 45 years old and presumably have a long investment time horizon. Think logically about this, what do you expect to have a higher real return over the next 40+ year...
by John3754
Fri Nov 28, 2014 7:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: An overdue update from a "panicked investor"
Replies: 86
Views: 8727

Re: Diversification and Rebalancing questions

Ok, if holding bonds are the reccomendation, when are bonds attractive to buy? I took finance so i understand how bonds work. But i've never understood when bonds are attractive from a buyers perspective. I can look at a stock and say oh it dropped 20% today, it might be a good time to buy. Bonds w...
by John3754
Fri Nov 28, 2014 6:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: Diversification and Rebalancing questions
Replies: 27
Views: 1707

Re: Diversification and Rebalancing questions

Ok, if holding bonds are the reccomendation, when are bonds attractive to buy? I took finance so i understand how bonds work. But i've never understood when bonds are attractive from a buyers perspective. I can look at a stock and say oh it dropped 20% today, it might be a good time to buy. Bonds w...
by John3754
Fri Nov 28, 2014 4:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: Diversification and Rebalancing questions
Replies: 27
Views: 1707
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