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Re: Trapped!!!! 401k plan question

You will not lose your money.

Maybe this wiki page helps: http://www.bogleheads.org/wiki/Collecti ... ent_Trusts
But then again, maybe not?
by livesoft
Tue Mar 03, 2015 8:54 am
 
Forum: Investing - Help with Personal Investments
Topic: Trapped!!!! 401k plan question
Replies: 2
Views: 269

NY state vs Federal education tax benefits

I was working on my state income taxes and it appears that NY state has similar, but different, definitions of what are qualified expenses for tax benefits when it comes to college. So I'm just double checking that I understand correctly the differences. NY state: It's qualified tuition expenses and...
by livesoft
Tue Mar 03, 2015 8:45 am
 
Forum: Personal Finance (Not Investing)
Topic: NY state vs Federal education tax benefits
Replies: 1
Views: 96

Re: Whether to Max Out HSA Before Wife Leaves Job

Unless you have an HDHP for the full year, it is not legal to max out the HSA for the full year. The contribution limit is really based pro-rated monthly. Please read the relevant IRS publications and tax forms and their instructions for further info. It appears you are only allowed 25% of the maxim...
by livesoft
Tue Mar 03, 2015 8:35 am
 
Forum: Personal Finance (Not Investing)
Topic: Whether to Max Out HSA Before Wife Leaves Job
Replies: 6
Views: 243

Re: VEU 3.52% vs. 5 year Treasury 1.58%

TheTimeLord wrote: Or should I keep it all in cash and wait for Really Bad Days to invest?


Don't do that.
by livesoft
Tue Mar 03, 2015 8:31 am
 
Forum: Investing - Help with Personal Investments
Topic: VEU 3.52% vs. 5 year Treasury 1.58%
Replies: 10
Views: 476

Re: Getting back in Market after TDA-VG Cash Transfer

Ah yes, another "Invest now or wait?" thread. If you search on the quoted question, you might me amazed at how often that question has been asked. You do know that the maket spends most of its time at market highs, don't you? So how can we help you at all? Try this: Every day that VTI is d...
by livesoft
Tue Mar 03, 2015 8:29 am
 
Forum: Investing - Help with Personal Investments
Topic: Getting back in Market after TDA-VG Cash Transfer
Replies: 2
Views: 115

Re: Managing my funds

1. I'd like to keep Schwab as my low-cost broker, unless there is some reason not too? I will likely open a Vanguard account and invest in a couple of their funds. I am confused by the above because it says two kind of opposite things to me: 1. I'd like to use Schwab as my low-cost broker. 2. I'd l...
by livesoft
Tue Mar 03, 2015 2:59 am
 
Forum: Investing - Help with Personal Investments
Topic: Managing my funds
Replies: 2
Views: 228

Re: Calcultoer help please

There are many tabs or pages to the firecalc calculator. Did you explore all of them and read all the text shown on all those pages?
One way to increase zero knowledge is to take some time and read.
by livesoft
Mon Mar 02, 2015 9:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: Calcultoer help please
Replies: 6
Views: 321

Re: Should I buy VTI and VEA when prices are so high

Yes, you should.

Let me ask if you had the money to buy these ETFs in January. Did you buy when VTI and VEA dropped back from their highs? If not, why not?

Or when did you get the money to add to VTI and VEA?

Have you ever lost money in your investments? If not, can I ask why not?
by livesoft
Mon Mar 02, 2015 9:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I buy VTI and VEA when prices are so high
Replies: 5
Views: 400

Re: What if you already have a couple million?

I would still read the books, but would get to the sections about when you already have a couple million dollars and do what the books say about that. :) The information certainly is in the books. May I recommend Larry Swedroe's "The Only Guide You'll Ever Need for the Right Financial Plan: Man...
by livesoft
Mon Mar 02, 2015 9:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: What if you already have a couple million?
Replies: 26
Views: 2884

Re: Calcultoer help please

I didn't look at the calculator you linked. The "gold standard" calculator is something like http://www.firecalc.com or http://www.cfiresim.com I went back to look at the calculator you linked. I don't think it covers sequence-of-returns risk and many other things, so I would suggest you d...
by livesoft
Mon Mar 02, 2015 8:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: Calcultoer help please
Replies: 6
Views: 321

Re: Is this a REIT or not?

I have an allocation to TREA. I simply call it "my allocation to TREA" and do not call it a REIT. See http://www.bogleheads.org/forum/viewtopic.php?f=1&t=150267 I see no reason to shoehorn your asset allocation into 60/40 or 70/30 when you can call it 50 equities/40% G/10% your special...
by livesoft
Mon Mar 02, 2015 8:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is this a REIT or not?
Replies: 13
Views: 537

Re: Is this a REIT or not?

thegoodlife wrote:
livesoft wrote:That ain't fixed income for sure. More REIT-like for sure.


Didn't TIAA (and REITS) take about the same % hit during the housing crash?

Sorry, you are right. It dropped 40% from July 2008 to March 2010. No wonder, I've never made any money in it.
by livesoft
Mon Mar 02, 2015 8:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is this a REIT or not?
Replies: 13
Views: 537

Re: Professional tax advice - when is it worth it?

Uncle Pennybags wrote:Tax preparation fees are deductible too.

Not for most folks. But sure, for a few folks.

It's always a pretty terrible income year if I was able to deduct tax prep fees. It meant my AGI was ridiculously low AND I had huge 529 plan losses.
by livesoft
Mon Mar 02, 2015 8:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Professional tax advice - when is it worth it?
Replies: 21
Views: 1286

Re: Is this a REIT or not?

That ain't fixed income for sure. More REIT-like for sure.
by livesoft
Mon Mar 02, 2015 8:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is this a REIT or not?
Replies: 13
Views: 537

Re: Yet Another Roth 401(k) vs. 529 Question

Based on the information you provided, I would be saving on taxes now by contributing lots more to traditional 401(k) and Roth IRAs, say $40K to $80K a year before I contributed anything to a 529 plan. You will qualify for education tax credits at the rate things are going. How old is child? If one ...
by livesoft
Mon Mar 02, 2015 7:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Yet Another Roth 401(k) vs. 529 Question
Replies: 3
Views: 299

Re: Is this a REIT or not?

With those returns, it is more like a REIT than TIAA REA. Maybe a mix of the two things?

What was the worst annual loss and how much?
by livesoft
Mon Mar 02, 2015 7:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is this a REIT or not?
Replies: 13
Views: 537

Re: Can I afford it?

This must be a joke. You would have to have $125 million in investment in order to make an average gain of $41,000 a day at extremely high 12% annual rate of return. You are sadly mistaken in your math. I did not state anything about "average gain". Portfolios can move 1% to 3% in a singl...
by livesoft
Mon Mar 02, 2015 7:43 pm
 
Forum: Personal Consumer Issues
Topic: Can I afford it?
Replies: 32
Views: 2226

Re: Can I afford it?

No, you cannot afford it.

Get your assets up above $2MM, then look again. In the meantime, it is a used Camry or Accord for you.

When your portfolio gains $41,000 in one single day is the day that you can afford a $41,000 car.
by livesoft
Mon Mar 02, 2015 7:26 pm
 
Forum: Personal Consumer Issues
Topic: Can I afford it?
Replies: 32
Views: 2226

Re: Is this a REIT or not?

What was the return in 2014? In 2013? It may be more like TIAA Real Estate Account which I would not consider a REIT per se, but an investment in real estate. You may wish to change your asset allocation to say, "I'd like 10% of my portfolio to be in real estate", then you could include th...
by livesoft
Mon Mar 02, 2015 7:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is this a REIT or not?
Replies: 13
Views: 537

Re: Paris France help/suggestions for women

When going around Paris, don't take anything of value with you. All you need is a credit card. Leave everything else back in the hotel safe: passport, keys, other cards, etc.
by livesoft
Mon Mar 02, 2015 7:11 pm
 
Forum: Personal Consumer Issues
Topic: Paris France help/suggestions for women
Replies: 18
Views: 951

Re: How to check overpayments were applied to 2015 returns.

2015 just started. I am pretty sure the IRS has no clue. One can request a transcript of their tax return for free and get it immediately online -- if it is available. It should show what happened to your refund. I must admit it is something I never worried about. Later today I find and look at a pr...
by livesoft
Mon Mar 02, 2015 6:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to check overpayments were applied to 2015 returns.
Replies: 1
Views: 151

Re: What tax documents do you file with the IRS?

I just follow the IRS instructions. Do you need a link to them?

If using TT, then TT follows the IRS instructions, so you do not have to worry if TT doesn't ask you for anything.
by livesoft
Mon Mar 02, 2015 3:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: What tax documents do you file with the IRS?
Replies: 3
Views: 331

Re: Van Guard option system - Broken

More than a Vanguard problem as WellsTrade has a notice about options up on its web site now for everyone to read. I don't do options and can see the notice.

No obvious notice at TDAmeritrade where my account is enabled for options.
by livesoft
Mon Mar 02, 2015 3:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: Van Guard option system - Broken
Replies: 1
Views: 199

Re: Where to go on my sabbatical?

I have a friend who was awarded a one-year all-expenses-paid fellowship to Seoul. Second place was a two-year all-expenses-paid fellowship to Seoul.
by livesoft
Mon Mar 02, 2015 12:28 pm
 
Forum: Personal Consumer Issues
Topic: Where to go on my sabbatical?
Replies: 11
Views: 619

Re: Reporting Dividends on the 1040

Box 9b... ends up going nowhere. And, when I do the math of the capital gains/dividend worksheet, it says I owe 0% on these qualified dividends. So, should I be including that worksheet in my paperwork to the IRS to show them the math? Therefore, I pay my "full tax rate" on the "ordi...
by livesoft
Mon Mar 02, 2015 12:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Reporting Dividends on the 1040
Replies: 8
Views: 328

Re: Reporting Dividends on the 1040

What did you check and put on line 44?
by livesoft
Mon Mar 02, 2015 12:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Reporting Dividends on the 1040
Replies: 8
Views: 328

Re: Where to go on my sabbatical?

I would suggest somewhere in Spain. What is that famous little town where all the priests were unethical?
by livesoft
Mon Mar 02, 2015 12:03 pm
 
Forum: Personal Consumer Issues
Topic: Where to go on my sabbatical?
Replies: 11
Views: 619

Re: Vanguard Brokerage 1099 Available

I don't know if other financial institutions are having this problem or not. Am I going to switch to Wells Fargo? Probably not, but what does that have to do with the issue at hand? What is the issue at hand again? Oh, 1099s being late. WellsFargo is the only one of my numerous brokers that was not...
by livesoft
Mon Mar 02, 2015 11:38 am
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard Brokerage 1099 Available
Replies: 38
Views: 2328

Re: Vanguard Brokerage 1099 Available

What are you gonna do? Switch to another financial institution which is also having problems getting 1099s out? Or are you going to switch to WellsFargo?
by livesoft
Mon Mar 02, 2015 11:32 am
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard Brokerage 1099 Available
Replies: 38
Views: 2328

Re: 401k Loan - Bump it up, lump it, or ignore it?

In this case, I would use the funds to do the Roth thing because of what I wrote about having to use them potentially to pay off the loan in an emergency.

Tell us about your emergency funds, too. :)
by livesoft
Mon Mar 02, 2015 11:31 am
 
Forum: Investing - Help with Personal Investments
Topic: 401k Loan - Bump it up, lump it, or ignore it?
Replies: 18
Views: 800

Re: 401k Loan - Bump it up, lump it, or ignore it?

Are you not already contributing to your 401(k) separately from making loan payments? My spouse had a 401(k) loan and still contributed the max possible along with loan payments. The Roth IRAs can also serve as backup emergency funds. The contributions could be cashed in without penalty nor taxes in...
by livesoft
Mon Mar 02, 2015 11:17 am
 
Forum: Investing - Help with Personal Investments
Topic: 401k Loan - Bump it up, lump it, or ignore it?
Replies: 18
Views: 800

Re: 401k Loan - Bump it up, lump it, or ignore it?

If the choice is 2014 Roth IRAs for you and your spouse or loan, then the choice is clear: Roth IRAs for both of you.
by livesoft
Mon Mar 02, 2015 11:08 am
 
Forum: Investing - Help with Personal Investments
Topic: 401k Loan - Bump it up, lump it, or ignore it?
Replies: 18
Views: 800

Re: Father in law possible elder scam victim?

It is possible they are doing the same thing to others, so a lawyer letter will not help everybody. OTOH, if the authorities are contacted, nobody may get any money back. So perhaps lawyer letter first, then authorities. Certainly, a lawyer's advice on the matter would not cost much. Perhaps the law...
by livesoft
Mon Mar 02, 2015 9:57 am
 
Forum: Personal Consumer Issues
Topic: Father in law possible elder scam victim?
Replies: 30
Views: 1590

Re: Corrected 1099 issued after filing. Amend?

I would ignore making an amended return. One of 4 things will happen: 1. Nothing. 2. The IRS might apply a $2 credit to your next year's tax return. 3. You will get another corrected 1099 in due course. 4. The IRS might find other problems with your return and send you a letter. :) A few years ago, ...
by livesoft
Mon Mar 02, 2015 9:48 am
 
Forum: Personal Finance (Not Investing)
Topic: Corrected 1099 issued after filing. Amend?
Replies: 4
Views: 314

Re: No heat

I'd look for a new motor. Electric motors are between $15 and $150. I know some furnace guys and if you tell them your furnace is 15, 16, 17, 18, …, 99, …, 2000 years old, they always have the same response: "Wow, your furnace has lasted that long! That's amazing! It's time to get a new one.&qu...
by livesoft
Mon Mar 02, 2015 9:26 am
 
Forum: Personal Consumer Issues
Topic: No heat
Replies: 20
Views: 1122

Re: DGS: OK in taxable now?

It is not so much cap gains that are the problem nowadays, but the dividends. I would say: Not the best option in taxable. As always, it is not so much what you put in taxable, but it is what you knock out of taxable to put something else there. So … What are your choices? DGS or VTI? Then you shoul...
by livesoft
Mon Mar 02, 2015 9:16 am
 
Forum: Investing - Help with Personal Investments
Topic: DGS: OK in taxable now?
Replies: 2
Views: 197

Re: Job offer questions - appropriate?

I am surprised that you are asking these questions after getting an offer. It seems to me that they would have been discussed during the interview process with your supervisor and not with the hiring manager. Or are they the same person?
by livesoft
Mon Mar 02, 2015 9:14 am
 
Forum: Personal Consumer Issues
Topic: Job offer questions - appropriate?
Replies: 23
Views: 1102

Re: Foreign Earned Income and IRA Contributions

i think you are understanding things correctly.
by livesoft
Mon Mar 02, 2015 8:43 am
 
Forum: Investing - Help with Personal Investments
Topic: Foreign Earned Income and IRA Contributions
Replies: 4
Views: 157

Re: Adding diversification to taxable account for FIRE

I think there are advantages to diversifying in your taxable account and specifically to adding Vanguard Total Stock Market Index fund to your taxable account. 1. Diversification works. 2. It was slightly more tax efficient than the Total International Stock Market Index fund in 2014 and may be in t...
by livesoft
Mon Mar 02, 2015 8:08 am
 
Forum: Investing - Help with Personal Investments
Topic: Adding diversification to taxable account for FIRE
Replies: 3
Views: 335

Re: Dividends + LT/ST Capitol Gains for retiree (GES)

Then you are all set! :) In 2014, we had more than $30K in dividends that we did not need and paid about $5K in taxes on them. If those dividends had instead been unrealized capital gains, then we would have paid $0 in taxes on them. If those dividends had been realized long-term capital gains, we w...
by livesoft
Mon Mar 02, 2015 7:34 am
 
Forum: Investing - Help with Personal Investments
Topic: Dividends + LT/ST Capitol Gains for retiree (GES)
Replies: 11
Views: 582

Re: tweaking asset allocation

This is mostly a bump...but for simplicity would you just consider something like Total Bond (VBMFX)? Or if you want more corporates then something like Intermediate Term (VFIIX)? Are these bond funds in a tax-sheltered account or in a taxable account? These are bond funds for a tax-sheltered accou...
by livesoft
Mon Mar 02, 2015 7:31 am
 
Forum: Investing - Help with Personal Investments
Topic: tweaking asset allocation
Replies: 3
Views: 319

Re: more TurboTax exasperation--education credit screwups

BTW, what idea should we be doing to try to outsmart the maximizer? We had two kids in college last year, so every little bit helps. Our AGI is too high for education benefits I think, but I would hate to miss something.
by livesoft
Mon Mar 02, 2015 7:20 am
 
Forum: Personal Finance (Not Investing)
Topic: more TurboTax exasperation--education credit screwups
Replies: 19
Views: 787

Re: 529 Plans versus other College Funding

Edit: to be clear, while it is worth asking whether the degree at Expensive U in four years is worth sufficiently more than the degree earned in three at the state school, that is a different question. My point is that there are alternative futures that may not work as well as the scenario proposed...
by livesoft
Mon Mar 02, 2015 7:11 am
 
Forum: Personal Finance (Not Investing)
Topic: 529 Plans versus other College Funding
Replies: 8
Views: 850

Re: more TurboTax exasperation--education credit screwups

A TurboTax user told me that they were able to use Deluxe, fill out Schedule D in the forms section, and then e-file. If folks recall, Deluxe is not supposed to be able to do a Schedule D, but that is only by the interview process. I have a Mac version and have been able to override easily, but I ha...
by livesoft
Mon Mar 02, 2015 7:03 am
 
Forum: Personal Finance (Not Investing)
Topic: more TurboTax exasperation--education credit screwups
Replies: 19
Views: 787

Re: Replace or repair dishwasher

Sorry, I'd get a new dishwasher just so I would not have to rinse the dishes at all. That's so 1960's. Sorry, but I do use a liquid/gel detergent which is against the manufacturer's directions and have hard water, too. From the HuffPost link above where the Consumer Reports' gal was interviewed: Q: ...
by livesoft
Mon Mar 02, 2015 6:59 am
 
Forum: Personal Consumer Issues
Topic: Replace or repair dishwasher
Replies: 26
Views: 1128

Re: Dividends + LT/ST Capitol Gains for retiree (GES)

I'm not going to jump on the "pay taxes" bandwagon here. One can have dividends and capital gains and spend their money, but I think one should try to engineer their life so that they do not spend their hard-earned money on taxes instead of nicer things like food, vacations, grandchildren....
by livesoft
Mon Mar 02, 2015 6:45 am
 
Forum: Investing - Help with Personal Investments
Topic: Dividends + LT/ST Capitol Gains for retiree (GES)
Replies: 11
Views: 582

Re: Professional tax advice - when is it worth it?

,,, I owe federal and state AMT. Together, that amount exceeds my net worth (and is several times our household annual income). It seems like you have 3 choices: 1. Get no outside tax help and declare bankruptcy. 2. Get outide tax help and find out you do not have to declare bankruptcy. 3. Get outs...
by livesoft
Mon Mar 02, 2015 6:39 am
 
Forum: Personal Finance (Not Investing)
Topic: Professional tax advice - when is it worth it?
Replies: 21
Views: 1286

Re: more TurboTax exasperation--education credit screwups

So ovrriding the numbers on the Forms does not help you?

I have found the TT education credits thing tricky as well. I am not sure I have gotten the most money out of it, so this is an interesting report.
by livesoft
Mon Mar 02, 2015 6:35 am
 
Forum: Personal Finance (Not Investing)
Topic: more TurboTax exasperation--education credit screwups
Replies: 19
Views: 787

Re: Please correct if my tax calculation is not accurate

The DD healthcare number does NOT appear in Box 1 or other income places, so it should not be subtracted separately again from income. So going back to the OP', at least two of those numbers (5500 and 8000) should not have been subtracted from income. A 25% tax on the $13,500 is $3375. For more tax ...
by livesoft
Mon Mar 02, 2015 6:31 am
 
Forum: Personal Finance (Not Investing)
Topic: Please correct if my tax calculation is not accurate
Replies: 11
Views: 441
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