Bogleheads.org

best opportunity i'll likely have to get a client-facing position - after 9yrs of marketing, the reason i'd have a shot at this job is that i know the products, the target buyers/influencers, competitors, etc., if i were looking for a sales job outside the company, it would be a hard sell to get an...

This is the OP. Thanks to everyone who posted. This is a very personal decision but hearing others' thoughts has helped me take everything into consideration. I'm still mulling this over but I have mapped out the key pros and cons, to get myself more organized. The items below aren't listed in a par...

This is a personal decision. What is your family situation? If kids, I say no way. If not, heck yes! I don't have a wife or kids. I have a girlfriend. We've been together for a little over a year. She's supportive but hesitant about this possibility. I recognize that it will impact things a lot. In...

I've been working in marketing and communications positions for 9 years. I'm satisfied with my career, and was recently promoted, but my role hasn't evolved and I'm a bit bored. I've been thinking of trying to move into a client-facing position in Sales for some time, though I never acted on it. But...

Thanks. My bands have always been +- 5% I would think, except during rapid market change, you could stay in your bands during 4 months of contributing only to bonds. Then adjust in the 401k and start over. That's what I think I would do. I agree. I'm going to start by doing my first in service with...

I initially planned to buy about $5k in I Bonds at the end of this year. I could probably manage to buy up to $500 in I Bonds now in order to secure the current rates. But if i look at the rates today versus what's coming after the 30th, the difference in interest earned is nominal. Is there really ...

Are you saying if I stick with an 80/20 AA, I'd start by rebalancing to 84/16, contribute to bonds for 4m, then rebalance again to 84/16, and so on? If I did that and the market spiked upward for a time, wouldn't my AA potentially move even higher? Maybe I'm not following correctly. I could see sta...

[quote="letsgobobby" If you buy I bonds by April 30 you'll get 1.76% for the first six months.[/quote] I do plan to buy more I bonds this year. I picked up my first batch at the end of last year. If I wait till after April 30th, do we have any idea what the rate will be? I'll do some resea...

Not much expected diffrerence between 80/20 and 85/15. My concern is more about the lack of discipline that it shows. Why now? The stock market is up 150% in the last four years. When the market is performing poorly there tend to be more "switching to more conservative AA" posts. These ar...

I thought that is how they were all supposed to work, but I thought you were telling us yours was different. Guess that was not your intention. If you put $17k into bonds and rollover/rebalance, $17k into bonds and rollover/rebalance, and $17k into bonds and rollover/rebalance each year, in a portf...

As a side note, you did not mention an emergency fund. You did mention having $5k if needed. Ideally, an emergency fund would be able to cover 6 months or more of your expenses. While you are doing very well, I would not operate without building up the emergency fund. I count $5k as my immediate ne...

Since the bond fund in the after tax 401k can go to a bond fund in the Roth IRA, there is no change in stock to bond ratio when you do the rollovers. Why is there a need to do offsets while the money is accumulating? I may not be "getting it", but I think you are making extra work for you...

That being said, I don't think you'll see a huge difference between 15% and 20% either way. Flip a coin, make a decision, and stick with it. Just don't decide to change to a more conservative allocation right after a big market drop and thus lock in your losses. Good advice, thanks. As for simplify...

I'm no expert, so don't make any descisions on just my opinions. 1. Yes 2. I guess it depends if the headache of filling out the form is worth the money you save 3. You can do this, however I think most people would say it's not necesary. I would think maybe rebalancing things once per quarter is p...

bumping this for a reply, thanks

I have a few questions regarding my portfolio. Any input on these, I'd really appreciate it. I think I have a good handle on things overall but I could use some feedback. I've included details on my portfolio down the page. 1. I am interested in increasing my holdings of international stocks to 35% ...

Yes, you can send a check in with your extension. Be sure to keep a copy of the check because NYState will act like they lost it. At least that has been my experience 100% of the time. And when you eventually file your return, be sure to attached a copy of the check you sent with your extension, ot...

Yes, it does have to be filled out for both regular and AMT (if you have any AMT). It seems like it's a horrendously complicated form for my relatively simple situation of no AMT, no foreign income except for (U.S. based) mutual fund dividends, and only marginally more than $300 in tax withholding....

How in TaxAct do I increase my withholding for NY state tax? Based on the above advice, I was going to enter $20. To recap, I'm getting about 500 refund from the fed and I owe about 560 to NY. I haven't paid estimated taxes in 2012. Rather than pay them in 2013, I figured I'd just increase my withh...

I think I'm over my head on this. The Foreign Tax Credit is from having international stock mutual funds in my taxable account. I paid $165 in foreign taxes. I didn't work overseas or anything. So should I need to fill out this section? TaxAct says the following: The system automatically claims the...

Take a copy of your taxact return, take out $660 of income and see what that does to your state taxes. It will probably change them by around $66, not a big part of the $550. NY state and city tax rate schedules are in IT-201-I, Your probably looking at something close 6.5% state, 3.5% city as marg...

I'm having some challenges finishing my taxes, so I think I'm going to file an extension. I read that I need to calculate my tax liability as best as possible, and pay it by the 15th. I've gone through TaxAct and am supposed to get a fed refund but I owe NY state. So do I just pay NY state through T...

For quite a few years now, my employer has paid KPMG to prepare my taxes, and this is because I was on a foreign assignment and have significant foreign tax credits. I have reviewed the tax returns in the past, and I can confirm that KPMG prepared two sets of foreign tax credit forms - one for regu...

Bumping this since it's timely. Any help would be greatly appreciated. I'll also call TaxAct in the morning.

Your 1099-R does not need to have the corrected box checked. While 1099 forms are due to taxpayers in January and February, certain payors can request an automatic extension of time to file with the IRS until April 30th. Therefore, if the company changes your 1099 but has not yet filed the 1099 wit...

The original 1099R had no taxable gains in box 2a because the brokerage processed it as a 401k withdrawal rolled over to a traditional IRA, not a Roth. The new form has the correct amount of taxable gains in box 2a. It just doesn't have the 'Corrected' box checked.

I'm finishing up my taxes -- this was delayed since I've been waiting on some corrected forms until now -- so it's down to the wire. I just noticed a section in TaxAct about the AMT. This is the first time I've seen that. I guess when I went through my credits the first time, I somehow bypassed it. ...

I finally received a corrected 1099R for withdrawals from my 401k (after tax contributions) which were rolled into my Roth. The new form doesn't have the 'corrected' box at the top checked off. It's not clear to me if the brokerage has notified the IRS that the original, incorrect form should be dis...

I read some documentation on the NY State tax law and it looks like footwear purchases from April 1, 2012 - end of 2012 are tax free. That means one of my 2012 online purchases doesn't need to be reported. Glad I read the fine print. I found another online order in my email history that has a small ...

Look up the tax rate for your specific county. Chances are it is in the range of 8%. For your case, if you only purchased $129 worth of goods (without paying tax), you would be better off claiming $10 (rather than $40) on Line 59. Webslinger Got it, thanks. I've been living in NY for many years now...

When Amazon sells/ships to NY State, it collects sales tax. If it is offered/shipped by another retailer via the Amazon site, they may or may not collect sales tax. From the NYS IT-201 instructions: If your federal adjusted gross income (line 19) is: Enter on line 59: up to $15,000 $8 $15,001 - $30...

Icedtea, Amazon conveniently collects NY state tax for orders that ship to NY state. So nothing to report there. So you can do one of 2 things: (1) report taxes due on internet orders where no NY state tax was collected. (2) choose the "safe harbor" position whereby NY State conveniently ...

Can any NY state bogleheads out there help me with the NY State Use Tax? Just curious if we're supposed to report all purchases that didn't incur state tax or just ones that exceed a certain cost? I mean, should I deal with going back through my records for those $10 and $15 Amazon purchases? What a...

I was gifted the 3 original shares at the same time in 1982. I never bought or was gifted more shares. The extra shares just came about when I reinvested dividends. Does that impact the calculation method for the cost basis of these 3 original shares? Yes, it does. Unless you specify otherwise, you...

Take a copy of your taxact return, take out $660 of income and see what that does to your state taxes. It will probably change them by around $66, not a big part of the $550. NY state and city tax rate schedules are in IT-201-I, Your probably looking at something close 6.5% state, 3.5% city as marg...

Take a copy of your taxact return, take out $660 of income and see what that does to your state taxes. It will probably change them by around $66, not a big part of the $550. NY state and city tax rate schedules are in IT-201-I, Your probably looking at something close 6.5% state, 3.5% city as marg...

I'm almost finished with my taxes, and it looks like I get about $550 refund from the fed, and owe about the same amount to NY State (also includes city tax). I'm trying to figure out if I should elect estimated tax payments for 2013. TaxAct is suggesting I do so. I know one outlier in 2012 that sho...

The rep I spoke with today said that I should use the cost per share from when I sold the stock in 2009 -- 19.74 per share -- to calculate the basis of the 3 shares. Ie. 19.74x3 = 59.22 If you got all the shares at the same time, then the cost per share (which is usually the basis) is the same for ...

I called Amstock, the company that handles the shares of CVPS, to see if they had any other info to help me with calculating the cost basis. They shed some light on the situation. It turns out when I sold the shares in 2009, I didn't have the stock certificate so Amstock wouldn't let me sell the ori...

I think that Taxact has free phone support once you've paid the fee with ultimate version .. I suggest giving them a call with these detailed questions. Thanks I paid for TaxAct and got some help from them. They couldn't comment on the disparity between TaxAct and TT, as expected, but I'll print ou...

3. I hold shares of Vanguard FTSE Ex-World and Total Intl Stock Index Adm so I am electing for the foreign tax credit . TaxAct asks me the following: Check to indicate how to treat this income for the foreign tax credit on Form 1116: Passive category income OR General category income Passive -- div...

I just completed my federal in TaxAct. It's my first time doing my own taxes so I'm completing them in TaxAct and TurboTax to see which I like more, and to ensure I'm getting the same results. I have a few questions regarding TaxAct steps. Can someone help? I realize there's quite a bit here but I'd...

Most of them are issued in May, and both you and the IRS receive a copy. While this would prove to the IRS that the gross rollover was made to your Roth account despite lack of a revised 1099R, it would not be indicative of the correct taxable amount. That is where you might be asked to document th...

$3 tip on a $12 haircut.

No. Maybe they will simply issued a corrected 1099R. But let's assume they do not. Last thing you would want to do is move funds already in your Roth nearly tax free to your TIRA (recharacterize the rollover). You should then confirm that this amount actually IS in your Roth IRA and that Vanguard w...

I was planning to use TurboTax or TaxAct for my 2013 taxes. I started entering the data into TT and am doing TaxAct next. It's my first year doing my own taxes and I want to see which one I like more. Unfortunately, I'm dealing with some issues with a 1099R so I'm not ready to submit my taxes just y...

I called ING two more times and finally spoke with a rep who understood the issue and confirmed that my 2nd in service withdrawal was processed by ING as a rollover to a traditional IRA, not a Roth. he said they need to review the recording of the order I placed in Oct to confirm I specified a rollo...

went ahead and upgraded to basic. no biggie. i'm asked to enter a cost basis for the stock. that's a tough one. the stock was a gift i received years ago. i'd sold almost all of my shares in 2009, but had a few left. then in 2012 the company merged with another and i was offered a pay-out for my re...

went ahead and upgraded to basic. no biggie. i'm asked to enter a cost basis for the stock. that's a tough one. the stock was a gift i received years ago. i'd sold almost all of my shares in 2009, but had a few left. then in 2012 the company merged with another and i was offered a pay-out for my re...

I didn't think there was anything below basic, but there is, free. There are also forms below 1040, like 1040A and 1040EZ. If you go to the TT website and read about free, you should find references to what it won't do. In other words, they told you up front that they wouldn't do what you wanted it...