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Re: Supporting the Operating Costs of the Forum

Thanks for the reminder.
Donation sent. Best investment I'll make all year!
by jriding
Thu Sep 25, 2014 4:56 pm
 
Forum: Forum Issues and Administration
Topic: Supporting the Operating Costs of the Forum
Replies: 9
Views: 1127

Re: Spouse wants to purchase a bicycle for 5000.

graveday wrote:Just be thankful it is not a horse being considered.


Ha ha. Or a boat!
by jriding
Tue Apr 16, 2013 2:12 pm
 
Forum: Personal Consumer Issues
Topic: Spouse wants to purchase a bicycle for 5000.
Replies: 129
Views: 8170

Re: Spouse wants to purchase a bicycle for 5000.

Thanks everyone, The feedback has been really helpful. I feel better about saying yes to this purchase (by the way - I also run big purchases by spouse as well). Being frugal, I have never spent this much money on myself for a hobby but I have to give spouse a lot of credit that the bicycle is part...
by jriding
Mon Apr 15, 2013 2:57 pm
 
Forum: Personal Consumer Issues
Topic: Spouse wants to purchase a bicycle for 5000.
Replies: 129
Views: 8170

Re: Campaigning for a better 401(k) Question

I just wanted to provide an update to this thread that I started in February and reiterate my thanks to those that have contributed their knowledge. Some progress has been made thanks to you. Mr. President (who is also the fiduciary trustee) setup a conference call between him, me, my sister, and th...
by jriding
Mon Apr 15, 2013 12:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: Campaigning for a better 401(k) Question
Replies: 16
Views: 1974

Re: Breckenridge, CO

Breck has a great community pool with a big slide, fountains, and other kid friendly features. I"m sure you can find the location with a simple google search. It's on the north side of town, 2-3 miles from downtown.
by jriding
Tue Feb 26, 2013 11:39 am
 
Forum: Personal Consumer Issues
Topic: Breckenridge, CO
Replies: 5
Views: 781

Re: Whole Dollar Rounding on Tax Forms

livesoft wrote:
mhc wrote:It is not a big problem for me since I always apply a refund to next year.


Sorry for going off topic, but I'm curious why you'd apply a refund to next year? Is it to offset an expected underpayment?
by jriding
Mon Feb 18, 2013 1:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Whole Dollar Rounding on Tax Forms
Replies: 41
Views: 2668

Re: Is pro-rata gunna get me? (Backdoor Roth Question)

Does it take less time to move money in and out of a money market fund than a mutual fund?
If yes, than that's my reason.
If no, than you're right...I'm bereft.
by jriding
Sat Feb 16, 2013 1:25 am
 
Forum: Personal Finance (Not Investing)
Topic: Is pro-rata gunna get me? (Backdoor Roth Question)
Replies: 15
Views: 748

Re: Is pro-rata gunna get me? (Backdoor Roth Question)

See the note at the end of the line 6 instructions for Form 8606. The pre tax dollars on 12/31/12 will not affect your Roth conversion, which should be tax free except for a small amount of earnings before you convert. Therefore, you should convert ASAP so the gains are generated in your Roth IRA i...
by jriding
Fri Feb 15, 2013 10:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is pro-rata gunna get me? (Backdoor Roth Question)
Replies: 15
Views: 748

Is pro-rata gunna get me? (Backdoor Roth Question)

December 31, 2012: I have a low six figure deductible Rollover IRA and SEP account with Vanguard. February 12, 2013: I submit paperwork to have the entire Rollover IRA and SEP distributed to my employer's 401(k) plan (good, low cost funds). February 15, 2013: I create a $5,000 2012 non-deductible tI...
by jriding
Fri Feb 15, 2013 10:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is pro-rata gunna get me? (Backdoor Roth Question)
Replies: 15
Views: 748

Re: Anybody purposely loading up on mortgage debt?

LH wrote:Wondering if anyone was currently taking advantage of lowest rates ever, and refinancing mortgage, taking money out, and investing it.


It occurred to me that these are the types of investing strategies you're more likely to hear about during bull markets.
by jriding
Tue Feb 05, 2013 9:14 pm
 
Forum: Investing - Theory, News & General
Topic: Anybody purposely loading up on mortgage debt?
Replies: 57
Views: 3329

Re: Anybody purposely loading up on mortgage debt?

Last summer I refinanced to a 15 yr @ 3%. Was over-paying each month with goal of paying mortgage off in 10-12 years. Recently stopped the overpay and redirected the money to tax advantaged space. A strategy I learned when I discovered Bogleheads this past December. Won't overpay my mortgage again u...
by jriding
Tue Feb 05, 2013 8:19 pm
 
Forum: Investing - Theory, News & General
Topic: Anybody purposely loading up on mortgage debt?
Replies: 57
Views: 3329

Re: How much tax advantaged space available?

With a Colorado 529 for each of my two kids, I can contribute up to $700,000 maximum ($350k each). I don't think there's an annual contribution limit, but could be wrong. EDIT: Colorado 529 contributions are deductible from state income taxes. So my tax advantaged space for the 529 alone could be wa...
by jriding
Tue Feb 05, 2013 10:17 am
 
Forum: Investing - Theory, News & General
Topic: How much tax advantaged space available?
Replies: 17
Views: 2648

Re: Backdoor Roth IRA

Duckie and Epsilon- You guys are awesome, thanks for the great information throughout this thread. I'm printing it and keeping it in my tax file for future reference. line 10 - 0.990566 ( equals 10,500/10,600, note I did not round to 3 decimal places as you don't have to) line 11 - $10,500 (it would...
by jriding
Tue Feb 05, 2013 1:21 am
 
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth IRA
Replies: 37
Views: 3213

Re: Backdoor Roth IRA

Last year we backdoored two non-ded IRAs into Roths for 2011 taxes - $10k total That means we got 1099-Rs this year. (no other IRAs, don't have to worry about any of that issue) So in 2012 you made two $5K non-deductible contributions for 2011 and then converted them. When you filed your 2011 taxes...
by jriding
Tue Feb 05, 2013 12:32 am
 
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth IRA
Replies: 37
Views: 3213

Re: Campaigning for a better 401(k) Question

Mr. President responded quickly: "Among other reasons, because of the low fees." He went on to ask why her brother (that's me) thinks the fees are high. I also wonder if two different types of fees were being discussed here. Mr. President may have no idea what an expense ratio is. He may ...
by jriding
Sun Feb 03, 2013 5:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Campaigning for a better 401(k) Question
Replies: 16
Views: 1974

Re: Campaigning for a better 401(k) Question

One has to divide the fees between (a) those that the company pays directly that you do not see, but the president and owner sees and (b) the fees paid by all the participants either through higher expenses ratios or quarterly fees. My spouse was in a Hartford plan that cost the company zero becaus...
by jriding
Sat Feb 02, 2013 1:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Campaigning for a better 401(k) Question
Replies: 16
Views: 1974

Re: Campaigning for a better 401(k) Question

Thank you tj, lawman, clever, and james! Based on your thoughtful responses, I think the key points to pass on to the company President and fiduciary rep are: 1) Hartford is unlikely to offer less expensive funds. Even index funds will have fees added that will make their costs comparable to the act...
by jriding
Sat Feb 02, 2013 12:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Campaigning for a better 401(k) Question
Replies: 16
Views: 1974

Campaigning for a better 401(k) Question

I'm new to the forums and have spent the past month Bogleizing my own investments. I offered to bring the Boglehead philosophy to my sisters investments and she gladly accepted. I was appalled at the high fees of available funds through her Hartford 401(k) (the high costs of Hartford 401(k) funds ar...
by jriding
Sat Feb 02, 2013 12:17 am
 
Forum: Personal Finance (Not Investing)
Topic: Campaigning for a better 401(k) Question
Replies: 16
Views: 1974

Re: How Bogleheads made me a worse Investor

I used to theoretically tinker with my portfolio on an Excel spreadsheet. The good thing I did was not to take any actual action, and pretty soon I realized that all the tinkering was unnecessary. But playing around with numbers removed my need to play around with real money. I agree! I'm new to Bo...
by jriding
Wed Jan 23, 2013 11:27 pm
 
Forum: Investing - Theory, News & General
Topic: How Bogleheads made me a worse Investor
Replies: 76
Views: 7653

Re: ITunes Sale on Jack Bogle's Little Book of Common Sense

Buying the Amazon version will allow you to read the book on a Kindle OR an Apple device with the Kindle app.
by jriding
Sat Jan 19, 2013 11:13 pm
 
Forum: Investing - Theory, News & General
Topic: ITunes Sale on Jack Bogle's Little Book of Common Sense
Replies: 33
Views: 3963

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