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Re: Sued and won for drycleaner losing suit, suit now found.

Came back in, got the money in cash, deposited it in the bank, and am going to court tomorrow to file the paperwork saying the judgment is satisfied. Thank you everyone! Unfortunately I have no puns to add. Glad you were able to get the wrinkles ironed out. I know, that was really stretching it. Do...
by neurosphere
Mon Mar 30, 2015 2:19 pm
 
Forum: Personal Consumer Issues
Topic: Sued and won for drycleaner losing suit, suit now found.
Replies: 86
Views: 7201

Re: Paying Taxes on Vanguard MISTAKEN Refund

In theory when you sold your shares your gain is reduced by sales expenses such as redemption fees. But if the shares were held in an IRA, then we should be talking about basis (maybe!) instead of gains, right? Of course, we don't yet know whether the sale occurred within an IRA or taxable account....
by neurosphere
Mon Mar 30, 2015 11:29 am
 
Forum: Investing - Help with Personal Investments
Topic: Paying Taxes on Vanguard MISTAKEN Refund
Replies: 7
Views: 517

Re: Looking for advice starting out.

neurosphere - Thanks for the advice, I will certainly look to do so by the deadline. I just have to choose what to invest in exactly. Also my wife and I file joint taxes, so when I open the Roth account will the cap be adjusted accordingly or does it need to be opened as a joint account? If it is a...
by neurosphere
Mon Mar 30, 2015 11:06 am
 
Forum: Investing - Help with Personal Investments
Topic: Looking for advice starting out.
Replies: 5
Views: 262

Re: Paying Taxes on Vanguard MISTAKEN Refund

What box of the 1099-Misc was the refund reported in? Was the original fund which had the purchase fee within an IRA or was it a taxable account. Are you sure you don't mean a 1099-R? If it was indeed a 1099-R, can you tell us which boxes have any listed amounts, and what additional checkboxes or di...
by neurosphere
Mon Mar 30, 2015 10:59 am
 
Forum: Investing - Help with Personal Investments
Topic: Paying Taxes on Vanguard MISTAKEN Refund
Replies: 7
Views: 517

Re: Looking for advice starting out.

Agreed, a Roth is a good idea right now. If at all possible, try to open a Roth soon and make a 2014 contribution (you have until April 15). The reason to put any money away in a 2014 Roth is on the off chance you can save/beg/borrow/steal $5500 MORE between now and April 2016 to max out your 2015 R...
by neurosphere
Mon Mar 30, 2015 10:49 am
 
Forum: Investing - Help with Personal Investments
Topic: Looking for advice starting out.
Replies: 5
Views: 262

Re: Question about saving for retirement when a postdoc

Are you sure you're not eligible to contribute to a Roth IRA? At least some NRSA fellows at some universities can, as indicated by this document from Emory. The document refers to the "additional support" that Emory gives, which few institutions likely do. The actual fellowship income its...
by neurosphere
Sat Mar 28, 2015 9:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: Question about saving for retirement when a postdoc
Replies: 9
Views: 783

Re: Question about saving for retirement when a postdoc

Ah, I faced a similar situation when I was a graduate student on an NIH training grant. Taxable accounts are just fine, and those monies/investments might all END UP in an IRA or 401k soon enough. For example, as livesoft mentioned, learn about tax-gain harvesting, and your potential to sell investm...
by neurosphere
Sat Mar 28, 2015 4:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: Question about saving for retirement when a postdoc
Replies: 9
Views: 783

Re: 401k Record Keeping Fee

My wife's former company imposed a 0.15% annual fee, deducted quarterly from each participant's account, to pay for administration and recordkeeping by Transamerica. We've read that other 401(k) plans impose even higher recordkeeping fees on participants. These fees are in addition to the expense r...
by neurosphere
Thu Mar 26, 2015 12:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: 401k Record Keeping Fee
Replies: 57
Views: 3558

Re: Can I be an HCE and make less than $115k?

And be sure to keep us posted on the outcome. I'm interested to see how this turns out. NS P.S. This reminds me of my very first job (not working for my dad that is). It was the first week in college, an I had to fill out a I-9 for employment verification. The administrator would NOT accept my passp...
by neurosphere
Wed Mar 25, 2015 1:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can I be an HCE and make less than $115k?
Replies: 13
Views: 1153

Re: Can I be an HCE and make less than $115k?

When determining HCEs for 2014, you look at your compensation for 2013. Did you make over the limit in 2013? Did you happen to be a greater than 5% owner in either 2013 or 2014? Also, don't forget to include bonuses. And one question I need to look up is whether "compensation" is affected...
by neurosphere
Wed Mar 25, 2015 12:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can I be an HCE and make less than $115k?
Replies: 13
Views: 1153

Re: Can I be an HCE and make less than $115k?

It would make zero sense for top 20% to be an exclusion, since that would circumvent the whole thing. In that case, nobody would be an HCE- think about it. I think the OP just phrased the question awkwardly and is not saying this. Instead, he reads the following paragraph: Highly Compensated Employ...
by neurosphere
Wed Mar 25, 2015 12:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can I be an HCE and make less than $115k?
Replies: 13
Views: 1153

Consequences of missing 5498 or 1099-R Forms

Hi all, I was doing some spring cleaning and finally getting around to culling and scanning old tax returns. During the process, I realized that my wife and I have a few 5498s missing (representing Roth contributions in 1998 and 2001 and a couple years' of SIMPLE IRA contributions) and she has missi...
by neurosphere
Sun Mar 22, 2015 12:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Consequences of missing 5498 or 1099-R Forms
Replies: 2
Views: 230

Re: Does your CPA/Tax Person help with reducing your taxes?

If you want your tax preparer to make suggestions for your specific situation that you may or may not be interested in taking, you might want actually ask for that service..... You need to be prepared to share everything with this person. I mean everything from every red cent you have to your famil...
by neurosphere
Fri Mar 20, 2015 1:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Does your CPA/Tax Person help with reducing your taxes?
Replies: 58
Views: 4729

Re: PSLF Program worth it? (student loan forgiveness)

@Neurosphere, do you know what the tax implications are for the forgiven amount? And the credit implications? Forgiven loans with PSLF are not taxable. See Q3: https://studentaid.ed.gov/sites/default/files/public-service-loan-forgiveness-common-questions.pdf There should be no credit implications, ...
by neurosphere
Thu Mar 19, 2015 2:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: PSLF Program worth it? (student loan forgiveness)
Replies: 9
Views: 640

Re: psych intern

Keep in mind that if you are banking on loan forgiveness, you can lower your income by contributing to the 403b, which will lower your required payments and maximize your future forgiveness, IF indeed you end up having any future loans actually forgiven. This might be also be a reason to skip the Ro...
by neurosphere
Wed Mar 18, 2015 8:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: psych intern
Replies: 9
Views: 1449

Re: PSLF Program worth it? (student loan forgiveness)

But if I could reduce monthly payments from say $180 to $80 based on a different payment plan, I could save $100 per month for the next few years and then the rest would be forgiven. So the difference would be something like (Current Payment - Reduced Payment)*(Number of payments remaining). Which ...
by neurosphere
Wed Mar 18, 2015 8:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: PSLF Program worth it? (student loan forgiveness)
Replies: 9
Views: 640

Re: 2015 BOGLEHEADS CONFERENCE ANNOUNCEMENT

Curious, can anyone provide a ballpark estimate for the number of participants? 10, 100, 1000?

I wonder if I can estimate from videos of previous conferences. :)
by neurosphere
Sat Mar 14, 2015 9:11 pm
 
Forum: Investing - Theory, News & General
Topic: 2015 BOGLEHEADS CONFERENCE ANNOUNCEMENT
Replies: 68
Views: 8498

Re: Should tilters recommend tilting to beginners?

Even so, I recommended she go with a three-fund portfolio for the reasons above. She took my advice. I'm wondering if this recommendation was a mistake. If I truly believe that a tilt to small-cap value and intermediate treasuries has a slightly higher expected risk-adjusted return than a three-fun...
by neurosphere
Sat Mar 14, 2015 7:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should tilters recommend tilting to beginners?
Replies: 49
Views: 2743

Re: 86% of investment managers stunk in 2014

But did bogleheads beat 86% of investment managers in 2014? The big deal around here is that Bogleheads are happy to get the market return but never post their actual performance vs. their target benchmark. I am curious how bogleheads really do given all the active "self" management that ...
by neurosphere
Sat Mar 14, 2015 5:00 pm
 
Forum: Investing - Theory, News & General
Topic: 86% of investment managers stunk in 2014
Replies: 22
Views: 2053

Re: Vitamins/Supplements, recs for reliable brands & retaile

If your'e going to take OTC vitamin/herbal products (which I don't recommend unless you've been diagnosed w/ a specific deficiency). Then look for brands with "USP VERIFIED" label on them or get a subscription to consumer lab https://www.consumerlab.com . ^^^^^^ Hi NaOH, no offense, but I...
by neurosphere
Thu Mar 12, 2015 8:46 pm
 
Forum: Personal Consumer Issues
Topic: Vitamins/Supplements, recs for reliable brands & retailers?
Replies: 12
Views: 932

Re: Another take on Vanguard questionnaire: NYTimes

From the article: And soon came to an ever more difficult question: How long do you expect to live? Well, holy cow. Let me check my appointment book. We had moved abruptly from economics to metaphysics. The number #1 question I get regarding finances (for obvious reasons) is "am I saving enough...
by neurosphere
Thu Mar 12, 2015 7:15 am
 
Forum: Personal Finance (Not Investing)
Topic: Another take on Vanguard questionnaire: NYTimes
Replies: 42
Views: 3965

Re: Bonus received. But its not what was agreed upon. Advi

dgdevil wrote:Buy him a $30 bottle of wine, and say, "Y'know what? You're right. Thank you."


A gesture like this might go a long way, yes.
by neurosphere
Thu Mar 12, 2015 6:58 am
 
Forum: Personal Finance (Not Investing)
Topic: Bonus received. But its not what was agreed upon. Advice?
Replies: 61
Views: 5075

Re: Help ESCAPE from FA; details provided

Thank you. There are no commissions paid when buying or selling the DFA funds or the ETFs when trades are done through the FA. His fee includes commissions. So why not tell the advisor to sell all the funds (in the retirement accounts with no tax consequences), go to cash, then fill out the TD form...
by neurosphere
Thu Mar 12, 2015 6:32 am
 
Forum: Investing - Help with Personal Investments
Topic: Help ESCAPE from FA; details provided
Replies: 17
Views: 1404

Re: Help ESCAPE from FA; details provided

Do this in two stages: 1. Stop using the FA and stop paying them. This could be accomplished with a phone call, e-mail, or short letter. Make sure they acknowledge they will stop charging you money. 2. The funds you own are fine. There is no reason to sell or transfer or rush out of them right away...
by neurosphere
Wed Mar 11, 2015 12:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help ESCAPE from FA; details provided
Replies: 17
Views: 1404

Re: 5500 Filings for Solo/Individual 401(k)s; public informa

There are companies such as "free erisa" (http://freeerisa.benefitspro.com/) which will allow you to do 5500 searches.Their FAQ page says, however "...filed a 5500-EZ (which we do not disclose on FreeERISA.com)." This implies that the firm has access to 5500-EZ information, but ...
by neurosphere
Tue Mar 10, 2015 11:46 am
 
Forum: Personal Finance (Not Investing)
Topic: 5500 Filings for Solo/Individual 401(k)s; public information
Replies: 10
Views: 480

Re: From DIY to Advisor/Assistance - where is the tipping po

Currently, I manage my own portfolio, consisting of 5 index funds according to my own asset allocation, etc. The international fund is in a taxable account and the rest in tax deferred accounts. I also own some I bonds and bank CDs. One potential tax-related question might be whether it's better to...
by neurosphere
Tue Mar 10, 2015 11:03 am
 
Forum: Investing - Help with Personal Investments
Topic: From DIY to Advisor/Assistance - where is the tipping point?
Replies: 20
Views: 1504

Re: From DIY to Advisor/Assistance - where is the tipping po

I don't know why there aren't more hourly advisors who will do a "second opinion" of sorts. Or maybe they do. No one on Bogleheads has previously recommended or identified such as advisor (that I know of, of course). I'm not sure that any AUM approach is appropriate for what the OP is aski...
by neurosphere
Tue Mar 10, 2015 10:23 am
 
Forum: Investing - Help with Personal Investments
Topic: From DIY to Advisor/Assistance - where is the tipping point?
Replies: 20
Views: 1504

Re: As a 1099 worker can I only add 17.5k to a solo 401k?

Are you the owner of the company or do you work for someone else? If you are an emplyEEE you can only add the 17.5. If you employ YOURSELF, the employER (you) can add more. Mike also, it went up to 18k for 2015 for those under 50. You can't claim yourself, a private contractor, as an independent co...
by neurosphere
Tue Mar 10, 2015 6:37 am
 
Forum: Investing - Help with Personal Investments
Topic: As a 1099 worker can I only add 17.5k to a solo 401k?
Replies: 3
Views: 398

Re: What's your definition on Working and Retired?

There are going to be many different opinions about 'retirement'. Personally, the word has two different meanings depending on the context. For example, when I give financial lectures to young people (where "young" nowadays is 40 and under :wink: ) I define retirement (in the context of &q...
by neurosphere
Tue Mar 10, 2015 6:24 am
 
Forum: Personal Finance (Not Investing)
Topic: What's your definition on Working and Retired?
Replies: 24
Views: 1700

Re: 5500 Filings for Solo/Individual 401(k)s; public informa

It says in the first sentence: "This search engine identifies Form 5500 and 5500-SF filings received by EFAST2." EZ forms weren't received by EFAST2, therefore they are not returned by that search engine. There are companies such as "free erisa" (http://freeerisa.benefitspro.com...
by neurosphere
Mon Mar 09, 2015 8:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: 5500 Filings for Solo/Individual 401(k)s; public information
Replies: 10
Views: 480

Re: 5500 Filings for Solo/Individual 401(k)s; public informa

Or take this shortcut: https://www.efast.dol.gov/portal/app/disseminate?execution=e4s1 For what it's worth, I filed via the EZ form a few years ago (I THINK? Perhaps I did the SF form from the beginning?), and my 401k did not appear in the search results. Hmm. It says in the first sentence: "T...
by neurosphere
Mon Mar 09, 2015 8:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: 5500 Filings for Solo/Individual 401(k)s; public information
Replies: 10
Views: 480

Re: 5500 Filings for Solo/Individual 401(k)s; public informa

Note that while information submitted via the EZ form is publicly searchable on the internet, a 5500-SF from for a one-participant plan is NOT. Where do you search for the EZ forms? I thought they are both not searchable on the Internet. See this document: http://www.efast.dol.gov/fip/pubs/EFAST2_F...
by neurosphere
Mon Mar 09, 2015 7:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: 5500 Filings for Solo/Individual 401(k)s; public information
Replies: 10
Views: 480

Re: 5500 Filings for Solo/Individual 401(k)s; public informa

You can easily move money from a solo 401k to an IRA while working if your plan allows it. That would be a legal way of avoiding having to fill out the 5500 forms. Yes, but for many Bogleheads, one reason to have a solo 401 is to roll IRAs into it for the purposes of removing any basis, and maximiz...
by neurosphere
Mon Mar 09, 2015 7:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: 5500 Filings for Solo/Individual 401(k)s; public information
Replies: 10
Views: 480

5500 Filings for Solo/Individual 401(k)s; public information

There are many bogleheads who have (or will soon have) a solo or individual 401k for their business. Many custodians such as Fidelity or Vanguard make it relatively easy to set one up and maintain. However there are reporting features of a solo 401k which are important to know. Namely, any solo 401k...
by neurosphere
Mon Mar 09, 2015 7:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: 5500 Filings for Solo/Individual 401(k)s; public information
Replies: 10
Views: 480

Re: Prorata for backdoor Roth question:

In 2014 you contributed to a non-deductible IRA, then converted that money to a Roth. Did the IRA rollover happen in 2014 (which means you had an IRA balance on Dec 31st, 2014)? Or did you do the rollover in 2015? It's not clear from your post. Because I believe that if there was on IRA balance on D...
by neurosphere
Mon Mar 09, 2015 10:23 am
 
Forum: Personal Finance (Not Investing)
Topic: Prorata for backdoor Roth question:
Replies: 11
Views: 564

Re: Protect rollover IRA from potential lawsuit

In case it helps, the following is a state by state summary of the protection of IRA and Roth IRA accounts. http://www.aicpa.org/Publications/taxadviser/2014/January/downloadabledocuments/stateirachart.pdf The chart describes protection from "creditors". Does this refer only to creditors ...
by neurosphere
Sat Mar 07, 2015 3:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: Protect rollover IRA from potential lawsuit
Replies: 41
Views: 4106

Re: maximum social security benefit

In general, in order to get the maximum benefit based on your record, you need 35 years of earnings which equal or exceed the Contribution and Benefit base (aka to some as the social security wage base). Here is a list of the applicable earnings amounts: http://www.ssa.gov/oact/cola/cbb.html If you ...
by neurosphere
Wed Mar 04, 2015 4:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: maximum social security benefit
Replies: 17
Views: 1894

Re: Advice for how to help a grieving FIL with daily finance

Thanks again everyone for the suggestions. MIL passed last week, surrounded by family at the moment of her death.

My father in law is distraught, appropriately, but functional and able to attend to practical details. He will be fine.
by neurosphere
Sun Mar 01, 2015 10:17 am
 
Forum: Personal Finance (Not Investing)
Topic: Advice for how to help a grieving FIL with daily finances
Replies: 16
Views: 1689

Re: How do I learn to like sushi?

Start with cooked preparations or veggie ones. Not all sushi is raw. It is my understanding that shrimp is always cooked (if it's red it's cooked, raw shrimp is pale grey). Also, lots (all?) sushi places have vegetarian sushi, items like cucumber, peanut, avocado, asparagus. But rolled in rice and w...
by neurosphere
Sat Feb 28, 2015 2:15 pm
 
Forum: Personal Consumer Issues
Topic: How do I learn to like sushi?
Replies: 80
Views: 4866

Re: physicians

I am not that far out of residency, but already I can see that I will not be happy long-term in traditional University academic medical center, where I thought I would be shielded somewhat from many causes of physician satisfaction. My solutions is that I have decided to accept a part time (120 days...
by neurosphere
Wed Feb 25, 2015 8:42 am
 
Forum: Personal Finance (Not Investing)
Topic: physicians [Frustrated, considering early retirement]
Replies: 132
Views: 9307

Re: Federal Income taxes on a VERY small business

JPH wrote:Thanks, neurosphere. Very interesting case. She sells a lot more than my wife does.

But probably deducts a lot more too. :D After all, in most years she had losses.
by neurosphere
Mon Feb 23, 2015 1:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Federal Income taxes on a VERY small business
Replies: 12
Views: 733

Re: Federal Income taxes on a VERY small business

See this recent court case related to an artist who was claiming consistent losses on Schedule C: https://www.courtlistener.com/opinion/2739499/susan-crile-v-commissioner/ And here is a New York Times write up on the case: http://www.nytimes.com/2014/10/07/arts/design/tax-court-ruling-is-seen-as-a-v...
by neurosphere
Mon Feb 23, 2015 1:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Federal Income taxes on a VERY small business
Replies: 12
Views: 733

Re: Advice for how to help a grieving FIL with daily finance

Thanks everyone for the suggestions, I don't have time to respond individually.. FIL is mentally competent but simply tired and cannot bring himself to leave the hospital long enough to really take care of himself. MIL is in a hospital 2 hours from their home (and in another state from my wife and m...
by neurosphere
Mon Feb 23, 2015 12:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Advice for how to help a grieving FIL with daily finances
Replies: 16
Views: 1689

Re: Cost basis info preserved with in-kind transfer?

To OP - I would sell them first. It could easily cost you hundreds or even thousands of dollars in accountant time to fix in the worst case ( or extra taxes if you don't fix it). Once my friends get information on the commissions for the accounts that don't have a management fee we'll have a better...
by neurosphere
Mon Feb 23, 2015 8:32 am
 
Forum: Personal Finance (Not Investing)
Topic: Cost basis info preserved with in-kind transfer?
Replies: 10
Views: 606

Advice for how to help a grieving FIL with daily finances

My mother-in-law has a terminal illness. She might live a few more days, she might live a couple of years. My father-in-law handles all of the finances, and has his ritual of sitting down each month and writing check to pay the bills. However, in the past several months he has been devoting all of h...
by neurosphere
Mon Feb 23, 2015 12:53 am
 
Forum: Personal Finance (Not Investing)
Topic: Advice for how to help a grieving FIL with daily finances
Replies: 16
Views: 1689

Re: Working after 70-Helps Soc Sec benefits?

There is nothing unique to 70 involving this effect, but as time goes own the effect grows. Because, it isn't simply the fact that you replace one of those 35 years, but by how much. However, it is definitely YMMV depending on your specific circumstances. In addition, as your averaged earnings grow...
by neurosphere
Mon Feb 23, 2015 12:31 am
 
Forum: Personal Finance (Not Investing)
Topic: Working after 70-Helps Soc Sec benefits?
Replies: 5
Views: 807

Re: Cost basis info preserved with in-kind transfer?

But what if the transfer involves a mixture of covered and uncovered shares (as this one probably does since it has thousands of tax lots, which would be pretty hard for even a frequent trader to create in just a few years)? Yes, this. In general, I think the answer is that the cost basis for some ...
by neurosphere
Mon Feb 23, 2015 12:24 am
 
Forum: Personal Finance (Not Investing)
Topic: Cost basis info preserved with in-kind transfer?
Replies: 10
Views: 606

Cost basis info preserved with in-kind transfer?

I'm helping a friend move accounts to Vanguard from UBS. There are several thousands (yes multiple thousands) of lots representing individual stock purchases. Does anyone know if this cost basis information will transfer over and be preserved at Vanguard? I'm going to advise my friend and his wife t...
by neurosphere
Sun Feb 22, 2015 2:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Cost basis info preserved with in-kind transfer?
Replies: 10
Views: 606

Re: Help needed on TaxAct for backdoor Roth contribution

Check out this thread and report back if it solved your problem:

viewtopic.php?f=2&t=135554
by neurosphere
Sat Feb 14, 2015 9:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help needed on TaxAct for backdoor Roth contribution
Replies: 2
Views: 205

Re: Multi Member Delaware LLC - Taxes

If the LLC operating agreement doesn't get filed with the State, how would one address/resolve any issues related to ownership if they were to come up in the future? e.g. disputes around ownership between the members. I would think it makes a lot of sense for the executed version to be filed with s...
by neurosphere
Thu Feb 12, 2015 1:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Multi Member Delaware LLC - Taxes
Replies: 3
Views: 299
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