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how to deal with this long term loss

So, husband bought some sprint stock way back in 1990s with his brokeage account at etrade. Fast forward 20 yrs, we have moved over to scottrade. Scottrade trade didn't port over all our innitial purchase price on those stocks, which I have to mannually input in the incoming position section on my a...
by liuruyu
Mon Aug 19, 2013 1:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: how to deal with this long term loss
Replies: 3
Views: 526

Re: how to make solo 401k contribution

thx everyone. I actually found the contribution form (in our solo 401K application package, excuse my stupid moments!). Yes, like PP pointed out, it does listed the separation of 401K contribution vs company matching. I don't think DH will make more than the 401K self contribution limit (17.5K) this...
by liuruyu
Sat Mar 16, 2013 1:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: how to make solo 401k contribution
Replies: 6
Views: 903

how to make solo 401k contribution

ok, so we finally did it. Rolled over DH's roll-over TIRA in Vanguard over to Fidelity's solo 401K plan. Now we just need to figure out how to make contribution to it. 1. I don't seem to be able to link our bank information online with the fidelity solo 401K account. So I assume I can only deposit D...
by liuruyu
Fri Mar 15, 2013 10:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: how to make solo 401k contribution
Replies: 6
Views: 903

invest for your Children

We have two kids. Right now, we only have a 529 set up for their college fund. There is no UGMA or UTMA set up for them yet. I was talking with a friend at a parth this weekend. He mentioned he "transferred" stock shares at low cost basis to his children, and something about for kids, the ...
by liuruyu
Mon Feb 04, 2013 9:49 am
 
Forum: Investing - Help with Personal Investments
Topic: invest for your Children
Replies: 8
Views: 711

Re: Using HSA for retirement saving

yes, that is what I plan on doing. Will have to open a file folder for that. It may be quite a bit of work to save all receipts. Can I scan those? Will IRS take Scanned copy as proof? or I need get shoe boxes ready?
by liuruyu
Fri Feb 01, 2013 6:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: Using HSA for retirement saving
Replies: 2
Views: 383

Using HSA for retirement saving

This is the first year we start using a HSA. The innitial thought was because DH has an expensive dental implant. And the medical FSA has been decreased to 2500. So we enrolled the HSA plan plus the special purpose FSA (which can be only used for dental and vision). And contributed both to the max. ...
by liuruyu
Fri Feb 01, 2013 6:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Using HSA for retirement saving
Replies: 2
Views: 383

Re: roll-over to solo 401K and backdoor Roth question

so I spoke with Vanguard rep. Here is what she adviced me (sounds reasonable to me at least) A back converstion can only be done/accounted for for the calendar year. So I can make a contribution to my husband's TIRA now and consider it a 2012 contribution, but my conversion will be counted as 2013 c...
by liuruyu
Tue Jan 29, 2013 11:46 am
 
Forum: Investing - Help with Personal Investments
Topic: roll-over to solo 401K and backdoor Roth question
Replies: 1
Views: 248

roll-over to solo 401K and backdoor Roth question

So, We are going to roll over my husband's roll-over IRA into a solo 401K this year, and that opens the Roth IRA backdoor for us. Before I kick start the process, my questions are: 1. A solo 401K plan is only valid if it is set up by the end of the year. So if we roll-over husband's roll-over IRA in...
by liuruyu
Tue Jan 29, 2013 10:56 am
 
Forum: Investing - Help with Personal Investments
Topic: roll-over to solo 401K and backdoor Roth question
Replies: 1
Views: 248

Re: contribute after tax money to my 401K plan

Thanks Alan!

Unfortunately (or fortunately), my company has very good match (max out the combined 401K room). I guess I won't be able to contribute after tax money after all.
by liuruyu
Sat Jan 26, 2013 2:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: contribute after tax money to my 401K plan
Replies: 6
Views: 713

contribute after tax money to my 401K plan

I read in another thread here regarding contributing after-tax money to 401K plan. I wonder if anyone can help explain the reasoning behind it. I currently max out my 401K, and do a backdoor roth. I also save extra (after tax $) to my vanguard account for retirement planning. So should I also divert...
by liuruyu
Sat Jan 26, 2013 1:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: contribute after tax money to my 401K plan
Replies: 6
Views: 713

small business 401K vs IRA

To follow up with my previous post, if my husband and his business partner start hiring F/T employee later, I would assume solo 401K would no longer be a viable option. Now for a business with only total 4-5 people. What's the best retirement option plan? A small business 401K or a SEP IRA? What's t...
by liuruyu
Thu Jan 24, 2013 3:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: small business 401K vs IRA
Replies: 2
Views: 239

Re: solo 401K and LLC

thx ! We will go ahead and open the solo 401K at fidelity for him!

This forum has been truly helpful!
by liuruyu
Wed Jan 23, 2013 12:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: solo 401K and LLC
Replies: 8
Views: 2233

Re: solo 401K and LLC

thank you guys for the response! So I checked with husband and they are filing as partnership. So basically, income/loss will be flowing through 1040 schedule E to our joint tax return 1040 (line 17). http://www.trustetc.com/new/types-of-retirement-plans/small-business-plans/solo-401k.html based on ...
by liuruyu
Wed Jan 23, 2013 8:11 am
 
Forum: Investing - Help with Personal Investments
Topic: solo 401K and LLC
Replies: 8
Views: 2233

solo 401K and LLC

I had a post a while back regarding how to set up solo 401K for my husband's new business. Things just got a little bit more complicated. My husband just informed me that he and a friend of his were actually both working on the project and formed a LLC in 2012(only two of them). The business actuall...
by liuruyu
Tue Jan 22, 2013 9:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: solo 401K and LLC
Replies: 8
Views: 2233

Re: deal with after tax IRA

yes, I talked to Vanguard, they will not take roll-over in solo 401K... yes, I read somewhere that Fidelity will do it. I will have to look into that. That will involve to roll my Vanguard IRA into Fidelity IRA and then from there roll into the solo 401K.
by liuruyu
Fri Jul 27, 2012 1:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: deal with after tax IRA
Replies: 10
Views: 640

Re: deal with after tax IRA

thank you for your help!
by liuruyu
Fri Jul 27, 2012 10:22 am
 
Forum: Investing - Help with Personal Investments
Topic: deal with after tax IRA
Replies: 10
Views: 640

Re: deal with after tax IRA

Thx!

Can we just set up a solo 401K for him now and roll the current IRA in? Can we open a solo 401K this year even he won't be contributing to it, and just use it for roll-over? That way, we can do the backdoor roth this year, instead of delaying it.
by liuruyu
Thu Jul 26, 2012 8:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: deal with after tax IRA
Replies: 10
Views: 640

deal with after tax IRA

A little background: 1. I work full time, and fully fund my 401K at work, and do a backdoor roth. 2. My husband works on his own start up business this year and so far no positive cash flow yet. 3. My husband has rolled all his previous retirement plans (from various employers) into a Vanguard tradi...
by liuruyu
Thu Jul 26, 2012 2:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: deal with after tax IRA
Replies: 10
Views: 640

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