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Re: Confusing self-employed tax question

I'm not readily seeing any problem, based on facts as given. Line 15a = amount distributed. Line 15b is the one where it's more crucial to get it right.....amount of distribution that's taxable. You didn't give us the line 15b info but it sounds like it should be: 2010= $0 2011= $21,500 2012=$21,50...
by billjohnson
Mon Apr 14, 2014 8:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Confusing self-employed tax question
Replies: 8
Views: 602

Re: Confusing self-employed tax question

DSI..thanks again for your reply. Yes, Alan S really does know his stuff...as do you. Probably will wait to send out any tax related PMs until after this week. And again, many thanks for your helpful posts throughout the forum. I wonder if there is another 1099-R for the recharacterization of conver...
by billjohnson
Mon Apr 14, 2014 7:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Confusing self-employed tax question
Replies: 8
Views: 602

Re: Confusing self-employed tax question

The SEP-IRA contribution amount and Roth conversion amounts do not have to be the same. Consider the cases where someone contributes 49K to SEP-IRA and converts 10K or contributes 49K, grows to 60K and converts 60K. What about the person who contributed 49K/yr for 10 years and decides to convert in...
by billjohnson
Mon Apr 14, 2014 5:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Confusing self-employed tax question
Replies: 8
Views: 602

Re: Confusing self-employed tax question

To further clarify, I'm comfortable with all contribution totals. What I am not comfortable with, and can't seem to find an explanation to, is the different totals on line 15a and line 28 and what to do about it. Assuming the SEP and Roth were her only accounts, and no gains/losses inside the SEP be...
by billjohnson
Mon Apr 14, 2014 3:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Confusing self-employed tax question
Replies: 8
Views: 602

Confusing self-employed tax question

During 2010, my sister contributed $49,000 to a SEP-IRA. She then converted the 49k to a ROTH IRA. In early 2011, and before filing her 2010 taxes, she realized her self-employed income had been too low to make the full contribution. It was determined she had contributed 6k too much. She then rechar...
by billjohnson
Mon Apr 14, 2014 2:08 am
 
Forum: Personal Finance (Not Investing)
Topic: Confusing self-employed tax question
Replies: 8
Views: 602

Re: Looking To Park $250K Short Term In Savings Account

We use CapOne 360 (formerly ING Orange). Very good web interface. Think the checking account is currently offering .80% with a $50 sign on bonus.
by billjohnson
Fri Apr 11, 2014 2:30 am
 
Forum: Investing - Help with Personal Investments
Topic: Looking To Park $250K Short Term In Savings Account
Replies: 5
Views: 801

Re: Rick Ferri's estimated future returns

This forecast always attempts to err on the conservative side. I think Rick is VERY optimistic on US common equity. This isn't the end all by any means, but to give a different perspective, check out this article...in particular, the chart on page 3. [As a reference, the current Shiller PE is 25.47...
by billjohnson
Fri Mar 14, 2014 11:21 pm
 
Forum: Investing - Theory, News & General
Topic: Rick Ferri's estimated future returns
Replies: 8
Views: 2248

Re: Recommended Brand/Model for a Heart Rate Monitor?

Garmin for me. I still have an older version....best heart rate monitor ever invented in my opinion. This thing is now 7ish years old...same batteries, etc...and runs like brand new. Unfortunately, this one has been discontinued, but there are new versions available for purchase. https://static.garm...
by billjohnson
Fri Mar 14, 2014 8:27 pm
 
Forum: Personal Consumer Issues
Topic: Recommended Brand/Model for a Heart Rate Monitor?
Replies: 13
Views: 808

Re: Random Walk Down Wall Street

llessac15 wrote:'A Random Walk Down Wall Street'

Great Book!! I usually re-read it every two or three years...
by billjohnson
Fri Mar 14, 2014 7:49 pm
 
Forum: Investing - Theory, News & General
Topic: Random Walk Down Wall Street
Replies: 27
Views: 2308

A Beginner's Guide to Irrational Behavior

Interested in behavioral economics? Then you should know a very fun course started today on Coursera. Dan Ariely (from Duke University) is the online instructor. This course is one of the most popular online courses in the entire coursera catalog. So if you have some free time, I highly recommend it...
by billjohnson
Wed Mar 12, 2014 1:24 am
 
Forum: Investing - Theory, News & General
Topic: A Beginner's Guide to Irrational Behavior
Replies: 1
Views: 536

Re: modern financial theory has finally caught up with Buffe

While I have the greatest respect for Saint Jack, the fact that he says it cannot work (as opposed to it might not work), is as wrong as his statements about value not outperforming growth and his statement about you don't need international diversification. FWIW, the smartest people I know in fina...
by billjohnson
Wed Mar 12, 2014 12:54 am
 
Forum: Investing - Theory, News & General
Topic: modern financial theory has finally caught up with Buffett
Replies: 48
Views: 5293

Re: modern financial theory has finally caught up with Buffe

It's all about FACTOR investing... Larry, would you kindly respond to Mr Bogle's thoughts on factor investing. Thanks. It (smart beta) is a marketing gimmick. When you think it through, it can not work, it will not work. There will be winners and losers, but the winner, ultimately, is wall street&q...
by billjohnson
Tue Mar 11, 2014 8:35 pm
 
Forum: Investing - Theory, News & General
Topic: modern financial theory has finally caught up with Buffett
Replies: 48
Views: 5293

Re: Total Market Investors Are Not Dumb

Is so-called "Smart Beta" stealing returns from your dumb beta strategy? No. You're not losing one penny. When excess returns are earned by one active investor they must come from another active investor who loses. Bingo. As I said in another thread, funny how smart beta is always held in...
by billjohnson
Tue Mar 11, 2014 2:24 pm
 
Forum: Investing - Theory, News & General
Topic: Total Market Investors Are Not Dumb
Replies: 11
Views: 2340

Re: modern financial theory has finally caught up with Buffe

Funny how smart beta is always held in such high esteem by the people who profit from selling it. Don't believe me, maybe you will believe this guy... http://video.autoblog.com/bogle-skeptical-of-credit-sensitive-bonds-smart-beta-517987113 It (smart beta) is a marketing gimmick. When you think it th...
by billjohnson
Tue Mar 11, 2014 12:05 pm
 
Forum: Investing - Theory, News & General
Topic: modern financial theory has finally caught up with Buffett
Replies: 48
Views: 5293

Re: modern financial theory has finally caught up with Buffe

What the authors here showed is nothing more than what academics have always done. They look at outperformance and try to find the explanation for it. Exactly, just more academics TRYING to explain how someone did something that they couldn't/can't do. In my opinion, this entire line of thinking is...
by billjohnson
Tue Mar 11, 2014 3:16 am
 
Forum: Investing - Theory, News & General
Topic: modern financial theory has finally caught up with Buffett
Replies: 48
Views: 5293

Re: Small Cap Tilting

Small Growth 3% Small Blend 8% Small Value 87% :shock: No SC tilt, but Mid Cap tilt 3% Looks like James Montier is on to something....getting to be very crowded in the small value space. The one thing that unites everything I’ve been writing about in this paper is the golden rule of investing: no a...
by billjohnson
Tue Mar 04, 2014 9:12 pm
 
Forum: Investing - Theory, News & General
Topic: Small Cap Tilting
Replies: 84
Views: 6087

Re: The President's New Budget Proposal

Tommy D wrote:Does this have a real chance of being passed?

No. It's a complete joke as a budget proposal...more like a political brochure for the midterms. Not that the "other party" can/has done any better...
by billjohnson
Tue Mar 04, 2014 5:29 pm
 
Forum: Investing - Theory, News & General
Topic: The President's New Budget Proposal
Replies: 17
Views: 1045

Re: Used $35k Porsche on $64k income?

As they say, if you have to ask, ...
by billjohnson
Mon Mar 03, 2014 11:12 pm
 
Forum: Personal Consumer Issues
Topic: Used $35k Porsche on $64k income?
Replies: 95
Views: 6382

Re: Please help with my SUV purchase

livesoft wrote:My Lexus has not been in for any engine service in 2 years. That means it has not even had an oil change in that time.

:shock:
by billjohnson
Mon Mar 03, 2014 2:05 pm
 
Forum: Personal Consumer Issues
Topic: Please help with my SUV purchase
Replies: 40
Views: 2389

Re: Please help with my SUV purchase

You should add a Hyundai Santa Fe to the mix. More room on the inside than you would think...

https://www.hyundaiusa.com/santa-fe/comparison.aspx

http://usnews.rankingsandreviews.com/ca ... _Santa-Fe/
by billjohnson
Mon Mar 03, 2014 12:26 am
 
Forum: Personal Consumer Issues
Topic: Please help with my SUV purchase
Replies: 40
Views: 2389

Re: Wrist Watches

tdirgins wrote:There are plenty of good quality mechanical watches at reasonable prices. I agree with amoeba's comments about Seiko. Take a gander at the Watchuseek affordable watches forum. Lots of good recommnedations there.
http://forums.watchuseek.com/f71/

+1
by billjohnson
Sat Mar 01, 2014 12:23 am
 
Forum: Personal Consumer Issues
Topic: Wrist Watches
Replies: 81
Views: 5734

Re: Berkshire Tickets

Oh no, you mean it's gonna be even more crowded this year! :oops:

Not sure if this helps, but it was four last year. I would assume it's the same this year as well...
by billjohnson
Tue Feb 25, 2014 11:03 pm
 
Forum: Investing - Theory, News & General
Topic: Berkshire Tickets
Replies: 4
Views: 633

Re: More Buffett investment advice

Calm Man wrote:Interestingly, none of this applies to any of us except the paragraph after the numbers for the most part. Nearly all of us do not select businesses for private investment, right?

I think it's very applicable to all investors.
by billjohnson
Tue Feb 25, 2014 9:43 pm
 
Forum: Investing - Theory, News & General
Topic: More Buffett investment advice
Replies: 5
Views: 1110

Re: Acura RDX vs Volvo XC 60

My friend recently purchased a 2014 RDX awd w/tech. She loves it. Chose it over the mercedes M-class and Audi Q5. The only cons I can think of would be (1) the navigation system, (2) somewhat confusing layout of buttons on the front panel, and (3) no rear air. The rear air thing seemed more of an is...
by billjohnson
Mon Feb 24, 2014 12:52 am
 
Forum: Personal Consumer Issues
Topic: Acura RDX vs Volvo XC 60
Replies: 13
Views: 1202

Re: Took the Plunge, Bought an Accord Hybrid

I'm a car guy. In my opinion the future of high mileage cars for the foreseeable future lies in turbo charged, common rail direct injection diesels I guess if depends on one's definition of "high mileage". If your talking about 500k-1000k, then i would agree...as diesels can routinely go ...
by billjohnson
Sun Feb 23, 2014 3:24 am
 
Forum: Personal Consumer Issues
Topic: Took the Plunge, Bought an Accord Hybrid
Replies: 45
Views: 3920

Re: Took the Plunge, Bought an Accord Hybrid

OnFire wrote:Just wondering what everyone else thought of the car.

Honda knocked this one out of the park! Awesome choice...

http://www.youtube.com/watch?v=p2GirLWtH0M
by billjohnson
Sat Feb 22, 2014 11:06 pm
 
Forum: Personal Consumer Issues
Topic: Took the Plunge, Bought an Accord Hybrid
Replies: 45
Views: 3920

Re: Reporter doing story on Alternative Minimum Tax

manwithnoname wrote:Don't know why taxpayers [who are similar to me] should be worried about AMT?

Fixed.
by billjohnson
Sat Feb 22, 2014 1:19 am
 
Forum: Investing - Theory, News & General
Topic: Reporter doing story on Alternative Minimum Tax
Replies: 21
Views: 1525

Re: I bought the "wrong" index fund in taxable, can I fix it

I bought the "wrong" index fund in taxable, can I fix it? Yes, wait until you reach long term capital gain status, then sell. Take the 20% hit on the gains, and move on to the Fidelity Spartans... Not to sound like a Scrooge but we just got to the highest tax bracket and we have a lot of ...
by billjohnson
Mon Feb 17, 2014 2:27 am
 
Forum: Investing - Help with Personal Investments
Topic: I bought the "wrong" index fund in taxable, can I fix it?
Replies: 37
Views: 2284

Re: New Book - White Coat Investor

Another book sold! I have enjoyed the blog. Nice work JIm.
by billjohnson
Sat Feb 15, 2014 2:06 am
 
Forum: Investing - Theory, News & General
Topic: New Book - White Coat Investor
Replies: 19
Views: 3032

Re: Wow! Jim Cramer hates passive index investing

I don't think Cramer really hates index investing all that much. And he often makes a lot of sense. Here are a few quotes from his old book, " You Got Screwed "! I can summarize (a good portfolio) as this: a mixture of 5-10 well diversified stocks, some index funds representative of the S&...
by billjohnson
Fri Feb 14, 2014 1:32 am
 
Forum: Investing - Theory, News & General
Topic: Wow! Jim Cramer hates passive index investing
Replies: 52
Views: 5626

Re: Buying Tires at Costco

Both Costco and discount tire give first class service along with excellent prices. I have been equally very happy with both...
by billjohnson
Sun Feb 02, 2014 5:21 am
 
Forum: Personal Consumer Issues
Topic: Buying Tires at Costco
Replies: 38
Views: 6469

Re: Stacked up some more silver bullion today

billjohnson wrote:
WHL wrote:20 oz @ $29 / oz. Anyone else buy on this dip?

I'm waiting for the dip to $15/oz...

All of these metal threads have gone the way of the dodo. Anyway, still waiting for my $15/oz entry point...
by billjohnson
Sat Jan 18, 2014 4:11 am
 
Forum: Investing - Theory, News & General
Topic: Stacked up some more silver bullion today
Replies: 41
Views: 5611

Re: 457(b) deferred comp question

After doing some more reading/research, it looks like my father's transfer is a go. Thanks again for all the replies. And a special thanks to Alan S, who has helped me on a number of questions over the years. His are always some of the most excellent, most thorough replies on this forum, and it is m...
by billjohnson
Thu Jul 25, 2013 1:09 am
 
Forum: Investing - Help with Personal Investments
Topic: 457(b) deferred comp question
Replies: 5
Views: 546

457(b) deferred comp question

My dad currently has $$$ invested in a 457(b) deferred comp plan and is considering transferring the $$$ to a traditional IRA at vanguard.

My question is: Will the new traditional IRA have the same liability/legal protection from creditors as the current 457(b) plan?
by billjohnson
Wed Jul 24, 2013 3:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: 457(b) deferred comp question
Replies: 5
Views: 546

Re: Buying a car outright smartest financially?

YoungBoglehead wrote:But honestly, if I don't make a stupid decision like this...

I think you've answered your own question in the above quote. Make the smart decision now, and let your investments buy this car for you down the road.
by billjohnson
Thu Jul 04, 2013 1:20 pm
 
Forum: Personal Consumer Issues
Topic: Buying a car outright smartest financially?
Replies: 149
Views: 9586

Re: Best book for complete beginner

LittleFish wrote:What is the best first book for a complete and total beginner?

http://www.amazon.com/The-Elements-Inve ... +and+ellis
by billjohnson
Sat Jun 15, 2013 1:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: Best book for complete beginner
Replies: 28
Views: 1811

Should I sell my bonds and pay off student loan??

Based on my asset allocation, I own roughly 120K of intermediate bonds. Let's say VBMFX (SEC yield of 1.57%). Coincidentally, my wife has a student loan of roughly 120K (3% interest rate). Would you sell the bonds, bringing your asset allocation to 100% stocks, and pay off the loan?? Please assume n...
by billjohnson
Sat Jun 15, 2013 1:37 am
 
Forum: Investing - Help with Personal Investments
Topic: Should I sell my bonds and pay off student loan??
Replies: 15
Views: 1411

Re: Isn't it a bad time to be investing??

Vanner wrote:I am someone who is just starting...

Time always beats timing. Get in and stay in long term...and you will be fine.
by billjohnson
Sun May 26, 2013 2:35 pm
 
Forum: Investing - Theory, News & General
Topic: Isn't it a bad time to be investing??
Replies: 53
Views: 5132

Re: Why not long-term treasuries?

Why not long-term treasuries? They seem to be inversely correlated with stocks. When stocks are doing well, long-term treasuries are doing poorly and vic- versa. Because not everyone invests with the idea of lowering volatility. Some people invest with the idea of making money. And in this sense, i...
by billjohnson
Tue May 07, 2013 12:31 pm
 
Forum: Investing - Theory, News & General
Topic: Why not long-term treasuries?
Replies: 10
Views: 1111

Re: VG Pays $28k for "Movers & Shakespeare"

leonard wrote:I do get concerned when I see that VG pays $28k for a couple "consultants" to reinterpret Shakespeare in to leadership lessons.

Too bad they didn't spend that 28k on some website consultants...
by billjohnson
Tue Apr 16, 2013 12:25 pm
 
Forum: Investing - Theory, News & General
Topic: VG Pays $28k for "Movers & Shakespeare"
Replies: 30
Views: 2335

Re: Scientist Predicts 60% Market Collapse

Rob5TCP wrote:But Louisville closed the gap and down by 1 at the half!

Luuuuuuuuuuuuuukkkkkkee!!!!!
by billjohnson
Mon Apr 08, 2013 10:48 pm
 
Forum: Investing - Theory, News & General
Topic: Scientist Predicts 60% Market Collapse
Replies: 28
Views: 4051

Re: My thoughts on REITs

abuss368 wrote:Just stay out of the international REIT market until costs come down!

Just stay out of the domestic REIT market until prices come down!
by billjohnson
Fri Apr 05, 2013 6:47 pm
 
Forum: Investing - Theory, News & General
Topic: My thoughts on REITs
Replies: 20
Views: 3534

Re: Total Stock Market Fund or Total International Fund?

I want my initial investment in a Roth to be focused all on stocks . If this is 100% requirement, then go with boggler on the VTWSX [45% US, 55% Int]. Otherwise, you could do a lot worse than any of the 2040-2060 target funds. On those target funds, you're looking at roughly [62% US, 27% Int, 9% bo...
by billjohnson
Wed Apr 03, 2013 9:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: Total Stock Market Fund or Total International Fund?
Replies: 41
Views: 3399
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