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Frontloading IRA/401k

Assuming one owns a personal business, can he deposit the $53,000 annual limit for a SEP-IRA on January 1, with the expectation that his annual income will exceed required $212,000?

If for whatever reason he doesn't reach the $212,000 income, how easy is it to correct the overdeposit?

Thanks.
by bagelhead
Wed Nov 26, 2014 9:20 pm
 
Forum: Investing - Theory, News & General
Topic: Frontloading IRA/401k
Replies: 1
Views: 252

SEP IRA: Repeated rollovers forever

Compared to opening a new 401k plan for a business, is there any disadvantage to rolling over the full amount of one's SEP IRA every year (after maxing out the $52,000 annually) into an old 401k? (i.e., any difference between "deposit into SEP, rollover in old 401k, repeat every year" vs. ...
by bagelhead
Mon Oct 27, 2014 7:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: SEP IRA: Repeated rollovers forever
Replies: 1
Views: 321

Re: Marginal Tax Rate on Dual Income Couple

Thank you to all for the thoughtful comments.
by bagelhead
Fri Oct 24, 2014 8:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Marginal Tax Rate on Dual Income Couple
Replies: 13
Views: 1206

Re: Marginal Tax Rate on Dual Income Couple

Otherwise, you are engaging in the same erroneous thinking that causes people to say things like "well, there's no point in her working when all of her income just goes to pay for childcare". When I said "Seems like a bad deal when one's entire income is taxed at 50%", I was ref...
by bagelhead
Fri Oct 24, 2014 7:54 am
 
Forum: Personal Finance (Not Investing)
Topic: Marginal Tax Rate on Dual Income Couple
Replies: 13
Views: 1206

Marginal Tax Rate on Dual Income Couple

I remember seeing a useful web site a while ago that had a graph showing the dynamic marginal tax rate as one's income increased (which was very complex and non-intuitive, showing higher marginal tax rates for the mid-income levels than higher income for various reasons -- losing tax credits, AMT, e...
by bagelhead
Thu Oct 23, 2014 9:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Marginal Tax Rate on Dual Income Couple
Replies: 13
Views: 1206

Re: Long term gains tax rebalancing vs. Tax efficient placem

I was wondering if there was a mathematically optimal percentage for tax-advantaged vs. taxable. Would 20% in tax-advantaged be enough? All I could find in that wiki was: Step 5: Place tax efficient funds last Tax-efficient funds are fine in any account. Regular rebalancing of your stock/bond ratio ...
by bagelhead
Tue Oct 14, 2014 11:32 pm
 
Forum: Investing - Theory, News & General
Topic: Long term gains tax rebalancing vs. Tax efficient placement
Replies: 3
Views: 472

Long term gains tax rebalancing vs. Tax efficient placement

Hi, Conventional wisdom recommends placing tax efficient funds in taxable accounts. Such as VTI in a brokerage account. If VTI goes down, one simply buys more VTI in the taxable account. However, if VTI goes up (and there are no easier ways to rebalance, such as buying the other declining funds), on...
by bagelhead
Tue Oct 14, 2014 3:16 pm
 
Forum: Investing - Theory, News & General
Topic: Long term gains tax rebalancing vs. Tax efficient placement
Replies: 3
Views: 472

Pre-Retirement Tax reduction strategy

Assumptions: A couple earns $160k during a pre-full retirement phase and needs roughly $120k for living expenses (matching post-tax income). They already has a moderate sized mix of taxable and tax deferred savings. They have 6 exemptions and $15k of itemized deductions. Would it save taxes to: Max...
by bagelhead
Sun Sep 21, 2014 3:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Pre-Retirement Tax reduction strategy
Replies: 3
Views: 667

Re: 4% SWR: Any difference for high income vs. low income?

Solid points. That is, higher income people (implying higher expenses) can have more confidence in a 4% SWR, because they have more ability to adjust their discretionary expenses lower.

What about with respect to taxes? That is, lower income people have much lower marginal tax rates...
by bagelhead
Sat Sep 20, 2014 5:29 pm
 
Forum: Investing - Theory, News & General
Topic: 4% SWR: Any difference for high income vs. low income?
Replies: 4
Views: 606

4% SWR: Any difference for high income vs. low income?

Assuming all else equal (same distribution of tax deferred and taxable accounts), should there be any theoretical difference in using the 4% safe withdrawal rate for people who will be withdrawing a higher amount ($150k) vs. a lower amount ($30k)? I.e., should higher income people use a lower or hig...
by bagelhead
Sat Sep 20, 2014 4:30 pm
 
Forum: Investing - Theory, News & General
Topic: 4% SWR: Any difference for high income vs. low income?
Replies: 4
Views: 606

Rolling Standard 401k/403b into Solo-401k

Hi, For simplicity's sake, I would like to rollover a handful of my prior employer 401k/403b accounts into my current Fidelity Solo-401k account. The mutual funds in the employer accounts are excellent, but Fidelity's ETF options are excellent as well. As I'd like to preserve the backdoor Roth optio...
by bagelhead
Sun Aug 17, 2014 2:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: Rolling Standard 401k/403b into Solo-401k
Replies: 0
Views: 114

Re: HSA dates of reimbursement question

Thank you, jebmke.
by bagelhead
Sat Feb 15, 2014 3:01 pm
 
Forum: Personal Consumer Issues
Topic: HSA dates of reimbursement question
Replies: 2
Views: 139

HSA dates of reimbursement question

Is the date for HSA reimbursement and the year from which the HSA funds are deducted based on the Visit date, Invoice date, or the Payment date? For instance, if the doctor's office visit was in December 2013, and the Invoice date was Dec 2013 vs. Jan 2013? (Or the Payment date was Dec 2013 vs. 2014...
by bagelhead
Sat Feb 15, 2014 2:41 pm
 
Forum: Personal Consumer Issues
Topic: HSA dates of reimbursement question
Replies: 2
Views: 139

Re: Synthetic engine oil worth better/cheaper in the long ru

Reviving this thread with a question...

Some brands say to change the oil within X number of miles or 1 year, whichever comes first. Is there a reason for the 1 year time limit? (re: a lightly driven car that needs changing every 10,000 miles.) Do synthetic oils "break down" over time?
by bagelhead
Tue Feb 11, 2014 9:11 pm
 
Forum: Personal Consumer Issues
Topic: Synthetic engine oil worth better/cheaper in the long run?
Replies: 89
Views: 9829

Medicare 20% cost sharing

Hi, I am unfamiliar with Medicare payments. In addition to the monthly premiums, if one is hospitalized for a few expensive days, do they have to pay a $1200 deductible plus 20% of physician fees? Is there any cap to these amount per visit or per year? What if the person is also on Medicaid, say in ...
by bagelhead
Sun Dec 29, 2013 5:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Medicare 20% cost sharing
Replies: 4
Views: 568

Savings by buying house with cash

Approximately how much would one save (in misc. fees/costs) by buying a house outright with cash? Let's say, for a $300,000 or $600,000 house.

This information would help someone decide whether the extra years it takes to save the cash (with low taxable interest) is worth it. Thanks!
by bagelhead
Sun Dec 29, 2013 5:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Savings by buying house with cash
Replies: 4
Views: 700

Amazon Video/Netflix: Kids Educational Videos

Hi all,

Do you have any suggestions on good young children educational videos on either Amazon Video or Netflix?

Thank you.
by bagelhead
Thu Nov 28, 2013 4:39 pm
 
Forum: Personal Consumer Issues
Topic: Amazon Video/Netflix: Kids Educational Videos
Replies: 4
Views: 425

Weekend Trips with Young Children in Texas

Hi all,

Do the Bogleheads have any recommendations on things to do in Texas with young children? Could be a weekend or full week getaway (half a day drive) or even a day trip. Could even be in a nearby state (such as Shreveport).

Any and all ideas are appreciated!
by bagelhead
Thu Nov 28, 2013 4:34 pm
 
Forum: Personal Consumer Issues
Topic: Weekend Trips with Young Children in Texas
Replies: 4
Views: 464

Best Sofa with Young Children

Hi, I've gotten different advice regarding what type of sofa to get for a family with young children, who will spill liquid/foods, jump on and throw around the cushions, etc. Some people have said not to get a light color. Other people have recommended leather. Sectional corner sofa's vs. multiple s...
by bagelhead
Tue Oct 22, 2013 9:00 am
 
Forum: Personal Consumer Issues
Topic: Best Sofa with Young Children
Replies: 38
Views: 2300

Best washing machine settings

What is the most efficient (cleanest with the least use of energy/water) way to clean clothes using a front-loading washing machine? Underwear, Heavily soiled clothes - Is it necessary to use the "Extra Hot" setting to kill all germs? (Is bleach a better way to kill germs with whites, rath...
by bagelhead
Thu Oct 10, 2013 8:21 pm
 
Forum: Personal Consumer Issues
Topic: Best washing machine settings
Replies: 16
Views: 1621

Covered parking

Is covered parking (in a hotter climate without snow) worth an extra $50/mo per car?
by bagelhead
Tue Jun 11, 2013 8:01 pm
 
Forum: Personal Consumer Issues
Topic: Covered parking
Replies: 8
Views: 958

Backyard Renovation

Hi, There are several threads on building or renovating a house but not too much on backyard ideas. What are some great backyard items for a family with children who hosts guests (ideally with an eye towards value)? Such as... - Heated pool (with fence) - Home jungle gym - Covered patio with fan - O...
by bagelhead
Tue Jun 04, 2013 9:43 pm
 
Forum: Personal Consumer Issues
Topic: Backyard Renovation
Replies: 7
Views: 742

Selling older car vs. keeping it for low level use

Hi, What are your thoughts on selling an older but fully functional car vs. keeping it for occasional use? Older car - 7 years old - worth around $7000 - need a new car for more utility Occasional use - few weeks a year for guests use - few days a month for nice-but-not-necessary use - 3000 miles of...
by bagelhead
Tue Jun 04, 2013 9:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Selling older car vs. keeping it for low level use
Replies: 27
Views: 2409

Re: Funding a 401k while Retired

What FICA taxes does a retired 70+ year old person under independent contractor status pay? Is it the full 15.3%? If so, there isn't much of a benefit for deductibility since they are likely already in a low tax bracket, right?

Thanks!
by bagelhead
Sun Apr 21, 2013 8:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Funding a 401k while Retired
Replies: 5
Views: 611

Funding a 401k while Retired

Hi, If one is "retired" but works part-time as an independent contractor, and has a taxable brokerage account, can he: - deposit the part-time income into a self-employed 401k - withdraw an equivalent amount of money from a taxable account The goal would be to reduce AGI to avoid taxation ...
by bagelhead
Sun Apr 21, 2013 11:56 am
 
Forum: Personal Finance (Not Investing)
Topic: Funding a 401k while Retired
Replies: 5
Views: 611

Collecting Social Security at 67, Taxes on part-time work

Hi,

If one is collecting Social Security at full retirement age, and that person works part-time as an independent contractor, does he have to pay Social Security tax? If so, will this payment increase his benefits?

Thanks.
by bagelhead
Wed Apr 17, 2013 9:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Collecting Social Security at 67, Taxes on part-time work
Replies: 3
Views: 575

Re: House facing direction and Solar heat

Great discussion. The original question was really an academic exercise but one that, if you know the answer to, you might apply to real life analysis. In a latitude like Florida or Texas, I'm surprised people say South would be hotter than West... Although the sun is constant, the indirect angle mi...
by bagelhead
Sat Apr 06, 2013 8:27 pm
 
Forum: Personal Consumer Issues
Topic: House facing direction and Solar heat
Replies: 49
Views: 2525

Re: House facing direction and Solar heat

All else equal, assuming only 1 side of the house with windows for arguments sake, which is cooler for each of these 3 comparisons: 1. "N vs NE" - so far, consensus is N is cooler than NE 2. "SE vs S vs NW" - so far, consensus is NW is cooler than SE is cooler than S 3. "SW ...
by bagelhead
Wed Apr 03, 2013 11:16 am
 
Forum: Personal Consumer Issues
Topic: House facing direction and Solar heat
Replies: 49
Views: 2525

Re: House facing direction and Solar heat

For which side, let's assume the house is a cube with only 1 side of windows, the rest walls. Which way should the window-side face to reduce the most heat (all other variables equal, assume Florida as the location)?
by bagelhead
Tue Apr 02, 2013 11:08 pm
 
Forum: Personal Consumer Issues
Topic: House facing direction and Solar heat
Replies: 49
Views: 2525

House facing direction and Solar heat

Could the group come to a consensus on what they believe is the best direction (in order, 1 to 8) that a house should face if the goal is to reduce the amount solar heat (during the afternoon and evenings since most people work during the day)? Coolest 1. N 2. NE 3. E 4. SE 5. S 6. NW 7. SW 8. W Hot...
by bagelhead
Tue Apr 02, 2013 10:16 pm
 
Forum: Personal Consumer Issues
Topic: House facing direction and Solar heat
Replies: 49
Views: 2525

Re: Solo-401k: Over-deposited, how to reverse?

Actually, I only deposited a small amount (much < $17,500) and need to reverse it. I am assuming that the Corrective Distribution does not apply in this scenario? Are there any other solutions? Here is a link to the "reversion" tax... which I am unable to interpret. http://www.law.cornell....
by bagelhead
Tue Feb 05, 2013 10:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Solo-401k: Over-deposited, how to reverse?
Replies: 3
Views: 466

Solo-401k: Over-deposited, how to reverse?

If one deposited too much money into a Solo-401k for 2012, does anyone know how to reverse this? The Fidelity representative said the two options would be to 1) carry the funds over to 2013 and pay a 10% penalty; or 2) talk to your accountant about "reversion", which may or may not have a ...
by bagelhead
Tue Feb 05, 2013 9:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Solo-401k: Over-deposited, how to reverse?
Replies: 3
Views: 466

.

no response.
by bagelhead
Thu Jan 31, 2013 8:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: .
Replies: 1
Views: 251

Mother-In-Law Suite/Apartment

How much would it cost to renovate an existing home to carve out an attached but separate (sound-insulated wall, private entrance) mother-in-law type of suite (1-BR, office, living room, 700 sq-ft)? How much would it cost to convert a 3-car garage into a similar mother-in-law type of suite, assuming...
by bagelhead
Sun Jan 13, 2013 11:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Mother-In-Law Suite/Apartment
Replies: 20
Views: 8012

Re: Get a Scanner!

How do you guys organize the files once they are scanned?

By date, topic, etc.?

PDF's in Folders?
by bagelhead
Fri Jan 11, 2013 6:40 pm
 
Forum: Personal Consumer Issues
Topic: Get a Scanner!
Replies: 69
Views: 7108

Re: Buy/Rent: Need advice on non-obvious calculation

The obvious answer is to buy the house and rent it out for $1900 a month and then rent an apartment to live in until you decide where you really want to live. If the numbers are as you describe, the return on a $12,500 investment is very high, counting the rent cash flow, tax deduction, and depreci...
by bagelhead
Wed Dec 26, 2012 12:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buy/Rent: Need advice on non-obvious calculation
Replies: 6
Views: 711

Buy/Rent: Need advice on non-obvious calculation

Please let me share the situation. I had originally thought Renting initially would be a no-brainer but, after looking into the details a little more, I'm not so sure. THE BACKGROUND The person is moving to a new area. There is a small chance the person will leave within a few years but otherwise an...
by bagelhead
Tue Dec 25, 2012 8:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buy/Rent: Need advice on non-obvious calculation
Replies: 6
Views: 711

Re: IPAD: Shared or Separate Usernames re: Apps

Hi Mel,

Does this app allow Applications do be shared?
by bagelhead
Sat Dec 22, 2012 10:41 pm
 
Forum: Personal Consumer Issues
Topic: IPAD: Shared or Separate Usernames re: Apps
Replies: 8
Views: 945

IPAD: Shared or Separate Usernames re: Apps

We have purchased an Ipad for our parents, who often watch our kids. We would like them to have access to all of our purchased applications, many of which are children's applications. Is there any way to do this without setting up their Ipad using our Apple ID? Is there any disadvantage to doing thi...
by bagelhead
Sat Dec 22, 2012 9:33 pm
 
Forum: Personal Consumer Issues
Topic: IPAD: Shared or Separate Usernames re: Apps
Replies: 8
Views: 945

Business credit card

Do you recommend obtaining a separate Business Credit Card for a moderate amount of business-related expenses? Or should one just use his Personal Credit Card and keep meticulous records?

How do you handle dual-use expenses such as Gas, Cell phone, Internet, etc.?

Thanks!
by bagelhead
Thu Dec 20, 2012 1:38 am
 
Forum: Personal Finance (Not Investing)
Topic: Business credit card
Replies: 8
Views: 568

Keeping track of Sales Taxes (for deduction)

Hi, 2013 will be the first year that I will need to keep receipts and detailed records for the itemized sales tax deduction. For those who have successfully done this, can you share your detailed strategy tips and technology tools to do this? - Quicken vs. Excel (add a column for sales tax) - Manual...
by bagelhead
Wed Dec 19, 2012 6:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Keeping track of Sales Taxes (for deduction)
Replies: 10
Views: 1437

Re: Heated pool costs

Thank you all for your thoughtful comments. If one is renting a house, how much would it cost to install a gas/propane heater? If one moves to a different house say in 1-year, how much would it cost to "uninstall" and "re-install" the gas/propane heater at the new house? Are ther...
by bagelhead
Fri Nov 09, 2012 3:31 pm
 
Forum: Personal Consumer Issues
Topic: Heated pool costs
Replies: 15
Views: 1132

Heated pool costs

Hi, I reviewed prior Boglehead threads on pool costs and also read a bit on the internet. Is the following reasonable for total costs of a reasonably-sized heated pool: Assumption: Heat pumps last longer and have lower operating costs than gas heaters, but one will likely not recoup the higher initi...
by bagelhead
Tue Nov 06, 2012 12:27 pm
 
Forum: Personal Consumer Issues
Topic: Heated pool costs
Replies: 15
Views: 1132

American Express: Fidelity FIA card

Hi, Two part question... Does the Fidelity FIA American Express credit card have all of the same perks as a "regular" American Express credit card? What are some things that you specifically use your AmEx for? - Expensive items for warranty extension - Car rentals for better coverage - etc.
by bagelhead
Tue Oct 16, 2012 9:55 pm
 
Forum: Personal Consumer Issues
Topic: American Express: Fidelity FIA card
Replies: 1
Views: 383

Two home offices

If one's still-working parents live with them for free, and they work from home, can the homeowner deduct the parent's home office from their taxes? What about if the homeowner also has a home office himself?
by bagelhead
Tue Oct 16, 2012 9:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Two home offices
Replies: 3
Views: 428

Buying multiple plane tickets

Is there a strategic way to buy multiple plane tickets at the lowest cost with adjacent seats? I noticed selecting, say, 4 tickets on Kayak significantly increases the average price of a ticket. Does this significant price increase simply reflect the individual prices of each ticket (2nd ticket is m...
by bagelhead
Tue Oct 16, 2012 9:28 pm
 
Forum: Personal Consumer Issues
Topic: Buying multiple plane tickets
Replies: 7
Views: 1013

Texas Real Estate: Rent vs. Buy

Hi, Texas has a unique real estate situation in that the housing is inexpensive, but property tax is very high (2.0-2.5%). For housing that would sell for around $400-500k, comparable rentals seem to be around $2000-2500/month. Also, most people in these nicer neighborhoods buy rather than rent, so ...
by bagelhead
Mon Oct 01, 2012 1:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: Texas Real Estate: Rent vs. Buy
Replies: 23
Views: 2041

401k $17k limit question

Hi, I have a question regarding the $17k annual limit for 401k deposits. My colleague worked at one company for the first 6 months of this year and deposited about $11k into a Fidelity 401k. He now has a separate Schwab 401k available at a new company for the remainder of the year. How can he precis...
by bagelhead
Sun Jul 08, 2012 11:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401k $17k limit question
Replies: 6
Views: 2268

Toddler educational supplements

Hi,

Do you know of any particularly great educational items/tools/apps/curricula for a 2-3 year-old toddler? For example, arts and crafts kits, puzzles, iPad educational apps, nursery school "curriculum", etc.

Thanks!
by bagelhead
Mon Jun 11, 2012 8:31 pm
 
Forum: Personal Consumer Issues
Topic: Toddler educational supplements
Replies: 7
Views: 786

Term life insurance: use 2 different companies vs. same co.?

Hi, If one is buying two separate overlapping term life insurances (10-year and 20-year), is there any significant advantages or disadvantages between using different companies or the same companies? The only thing I can think of is, advantage : diversifying companies in case of failure, although th...
by bagelhead
Mon Jun 11, 2012 8:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Term life insurance: use 2 different companies vs. same co.?
Replies: 3
Views: 752
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