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Re: Roth Recharacterization

Also, from what I have read about recharacterization, it sounds like having separate accounts is advisable for tax purposes. For example, assume that once I do my 2013 taxes, I then need to do a recharacterization for 2013 to stay under a tax income threshold. There are tax rules as to when I can re...
by jdjd2
Mon Dec 30, 2013 10:55 am
 
Forum: Investing - Help with Personal Investments
Topic: Roth Recharacterization
Replies: 6
Views: 522

Re: Roth Recharacterization

Thanks, this is exactly what I needed to understand. This helps me with my end-of-year strategy for the Roth conversion that is in process.
by jdjd2
Mon Dec 30, 2013 1:20 am
 
Forum: Investing - Help with Personal Investments
Topic: Roth Recharacterization
Replies: 6
Views: 522

Re: Roth Recharacterization

Thanks for the explanation. I found the following information for calculating earnings. Calculating the Earnings/Loss for a Recharacterization The IRS provides s epical formula for calculating the earnings or losses on the amount that is being recharacterized. Here is the formula : Net Income = Cont...
by jdjd2
Sun Dec 29, 2013 12:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: Roth Recharacterization
Replies: 6
Views: 522

Roth Recharacterization

In 2012, I did a tax-free rollover from an employee 401k to a traditional IRA. Earlier in 2013, I did a partial conversion of the assets from a traditional IRA to a Roth. For tax purposes, I may want to recharacterize a small part of this conversion. I found the following discussion on bogleheads: h...
by jdjd2
Thu Dec 26, 2013 12:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: Roth Recharacterization
Replies: 6
Views: 522

Re: No Foreign Transaction Fee Credit Card vs. ATM and Cash

Re: The screen might be confusing, but make sure you decline the currency conversion. I'll say! Thank you for showing that screen shot. Even after reading the screen 5 times, I was still confused. But hitting NO it will be. RE: Take an atm card that reimburses ATM fees Yes, I'll now need to get one ...
by jdjd2
Fri Jun 07, 2013 3:50 pm
 
Forum: Personal Consumer Issues
Topic: No Foreign Transaction Fee Credit Card vs. ATM and Cash
Replies: 43
Views: 4931

No Foreign Transaction Fee Credit Card vs. ATM and Cash

Okay, now I'll show my lack of travel savvy ... In the past, I've rarely used a credit card when traveling overseas. Rather, I take my debit card and periodically withdraw local currency from bank ATMs to cover local transit, accommodations and attractions. But not those found in 7-Eleven's, etc. wh...
by jdjd2
Fri Jun 07, 2013 2:04 pm
 
Forum: Personal Consumer Issues
Topic: No Foreign Transaction Fee Credit Card vs. ATM and Cash
Replies: 43
Views: 4931

Capital One Card - No Foreign Transaction Fees

In a foreign travel blog I read: ... you will definitely save a little if you use a credit card for meals and purchases especially designed for travelers that feature no added foreign transaction fees. Sounds like a great idea. But while they have no foreign transaction fees, might they possibly giv...
by jdjd2
Wed Jun 05, 2013 2:57 pm
 
Forum: Personal Consumer Issues
Topic: Capital One Card - No Foreign Transaction Fees
Replies: 13
Views: 1549

Re: AMEX Premium car rental insurance. Worth getting?

In the past, I've used my VISA and declined CDW. However, for my next trip, I need a car for 38 days. VISA only covers 31 days. This is where the AMEX Premium Car Rental is a plus. As noted above, it will cover 42 days. On a related note: There are other alternatives like Travel Guard ($9/day) and P...
by jdjd2
Tue Apr 23, 2013 11:12 am
 
Forum: Personal Consumer Issues
Topic: AMEX Premium car rental insurance. Worth getting?
Replies: 40
Views: 8604

Re: ROTH Conversion – What Am I Missing?

RE: 1) You need to run your tax numbers three ways, joint return, your wife survives you, and with you surviving your wife. The odds of both of you living to be in your 90's when the RMD would really be an issue is not very high. Note sure this matters. If I don't do the conversion, then regardless ...
by jdjd2
Fri Mar 29, 2013 4:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: ROTH Conversion – What Am I Missing?
Replies: 15
Views: 2533

Re: ROTH Conversion – What Am I Missing?

Again, thanks for the feedback. RE: What you get to keep is all that really matters. RE: However, it's safe to say that converting will usually make sense if you can convert at a tax rate less than, equal to, or not too much higher than the tax rate that would otherwise apply to the distributions. O...
by jdjd2
Thu Mar 28, 2013 1:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: ROTH Conversion – What Am I Missing?
Replies: 15
Views: 2533

Re: ROTH Conversion – What Am I Missing?

The retirement calculator that BigFoot48 referenced was very useful. It helped me debug a few problems with my (much simpler) spreadsheet. But more importantly, the results it gave me were basically the same as my spreadsheet, though I would recommend BigFoot48’s any day over mine. All of the observ...
by jdjd2
Fri Mar 15, 2013 11:56 am
 
Forum: Investing - Help with Personal Investments
Topic: ROTH Conversion – What Am I Missing?
Replies: 15
Views: 2533

Re: Retiree Roth Conversion Decision Model

RE: Two additions I made to my copy of the model might be useful to others. zip605, How can I get a copy of the model with your modifications? I've basically been doing what you did in your second addition to the base model, but in my own separate (very simple) spreadsheet. It is cumbersome and time...
by jdjd2
Mon Mar 04, 2013 2:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: Retiree Portfolio Model
Replies: 119
Views: 28403

Re: Retiree Roth Conversion Decision Model

I've finally completed my review of the Roth Case and Base Case and reconciled it with my (very simple) spreadsheet. It led to my finding a few errors in my spreadsheet; a useful way to understand yours and validate mine (which is not worth anyone else using). I also looked at the Results worksheet ...
by jdjd2
Fri Mar 01, 2013 3:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: Retiree Portfolio Model
Replies: 119
Views: 28403

Re: Retiree Roth Conversion Decision Model

Thanks for the quick response above. • RE: Social Security Benefits Ok, manually changing future years benefits worked for me. I’ll just need to apply these changes to any future version of your spreadsheet. • RE: Columns R – V Taxes By Tax Bracket Ok. This helped explain the differences between the...
by jdjd2
Thu Feb 28, 2013 10:04 am
 
Forum: Investing - Help with Personal Investments
Topic: Retiree Portfolio Model
Replies: 119
Views: 28403

Re: Retiree Roth Conversion Decision Model

I found your thread when you commented on a thread I started http://www.bogleheads.org/forum/viewtopic.php?f=1&t=110999 where I was using a very unsophisticated spreadsheet to consider a Roth conversion. Thanks for pointing me to your thread and spreadsheet, a very useful tool. A few comments an...
by jdjd2
Mon Feb 25, 2013 7:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: Retiree Portfolio Model
Replies: 119
Views: 28403

ROTH Conversion – What Am I Missing?

A year ago, I converted a 401k to an IRA. This year, I am considering a ROTH conversion that would be done over a period of years. Taxes for the yearly converted portion would come from other taxable mutual funds I own. To help make this decision, I put together a spreadsheet (column headers shown b...
by jdjd2
Thu Feb 14, 2013 1:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: ROTH Conversion – What Am I Missing?
Replies: 15
Views: 2533

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