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by neurosphere
Fri May 22, 2015 12:10 pm
Forum: Investing - Help with Personal Investments
Topic: Invest ONLY After Tax Money Into 401(k)?
Replies: 20
Views: 1678

Re: Invest ONLY After Tax Money Into 401(k)?

The only way you are likely to reach the $53K limit is to make the full employee salary deferral (Roth if you like). Then adopt a 401k with the New Comparability Method of calculating profit sharing percentage for the balance. If you want more Roth assets, you could then rollover and do a Roth conv...
by neurosphere
Fri May 22, 2015 9:37 am
Forum: Investing - Help with Personal Investments
Topic: Invest ONLY After Tax Money Into 401(k)?
Replies: 20
Views: 1678

Re: Invest ONLY After Tax Money Into 401(k)?

I think I will try to do both of what you said. Invest enough money between taxable and tax deferred to never have to work again, and contribute the max of what I can each year to the Roth using both of the backdoors. My current annual expenses (including the stupid mortgage for too big of a house ...
by neurosphere
Fri May 22, 2015 9:26 am
Forum: Investing - Help with Personal Investments
Topic: Invest ONLY After Tax Money Into 401(k)?
Replies: 20
Views: 1678

Re: Invest ONLY After Tax Money Into 401(k)?

Personally, I would contribute pre-tax up to the 401k limit, and then you still have backdoor roth and potentially after-tax contributions which will end up in the Roth. This gives you tax diversification: tax-deferred dollars, tax-free dollars, and dollars in regular taxable accounts. The total amo...
by neurosphere
Thu May 21, 2015 1:14 pm
Forum: Investing - Help with Personal Investments
Topic: Invest ONLY After Tax Money Into 401(k)?
Replies: 20
Views: 1678

Re: Invest ONLY After Tax Money Into 401(k)?

My thinking is, if my employer doesn't match my pre-tax contributions at all, is there a point to investing pre-tax into my 401(k) when I may be able to just put it all into my Roth IRA instead? It seems your question boils down to "which is better for me, deductible 401k contributions, or Rot...
by neurosphere
Wed May 20, 2015 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: Do SSA award notices itemize Worker vs Spousal amounts?
Replies: 1
Views: 251

Re: Do SSA award notices itemize Worker vs Spousal amounts?

My understanding is she will receive $1,000, because 50% of her spouse's PIA is greater than her own PIA. I also understand that the SSA considers her $1,000 payment to consist of $400 Worker and $600 Spousal. (I assume someone will correct me if I got that wrong.) Does her award notice actually sa...
by neurosphere
Fri May 15, 2015 5:28 pm
Forum: Personal Consumer Issues
Topic: Aren't we overdoing electronic auto safety features?
Replies: 148
Views: 6586

Re: Aren't we overdoing electronic auto safety features?

Take death and injury off the table. Consider costs such as car damage, property damage (as already mentioned), and consider the costs of time to deal with accidents, repairs, filing insurance claims. Add in police time taking/filing reports, road crews to clear the road, etc. It may be that the co...
by neurosphere
Fri May 15, 2015 1:05 pm
Forum: Personal Consumer Issues
Topic: Aren't we overdoing electronic auto safety features?
Replies: 148
Views: 6586

Re: Aren't we overdoing electronic auto safety features?

Take death and injury off the table. Consider costs such as car damage, property damage (as already mentioned), and consider the costs of time to deal with accidents, repairs, filing insurance claims. Add in police time taking/filing reports, road crews to clear the road, etc. It may be that the cos...
by neurosphere
Mon May 11, 2015 9:22 pm
Forum: Investing - Help with Personal Investments
Topic: Total World Stock Index
Replies: 44
Views: 3729

Re: Total World Stock Index

At the end of 2014, I finished my evaluation of my brokerage's "managed' account, and decided to go back to self-directed after mediocre results. I was looking to simplify, so I settled on a simple 50:50 "Harry Markowitz Portfolio" : --50% Vanguard Total World Stock ETF (VT) --50% Va...
by neurosphere
Mon May 11, 2015 3:35 pm
Forum: Investing - Help with Personal Investments
Topic: Advisor: buy a nicer home pre-retirement
Replies: 31
Views: 2976

Re: Advisor: buy a nicer home pre-retirement

Buying a home in order to get 10% real estate exposure is about as good an idea as putting 10% of your money in a single stock. If he had said consider a 10% allocation to a REIT fund, ok, sure. But to invest in a home you otherwise don't need for the purpose of real estate exposure sounds like a ve...
by neurosphere
Mon May 04, 2015 6:04 pm
Forum: Investing - Theory, News & General
Topic: Vanguard: The Problem of World Domination?
Replies: 21
Views: 2756

Re: Vanguard: The Problem of World Domination?

Another question that needs to be asked is this: the rules say that a "diversified" mutual fund can hold no more than 10% of the outstanding shares for any one security. So, if Vanguard's holdings got to be more than 10% of the U.S. stock market, they would have to start calling their mut...
by neurosphere
Sun May 03, 2015 10:17 am
Forum: Investing - Help with Personal Investments
Topic: non-governmental 457b vs. taxable account
Replies: 16
Views: 1460

Re: non-governmental 457b vs. taxable account

I will be beginning a new job in a few months, and for the first time will have a non-gov 457b plan available to me. I'm also wrestling with the decision of whether to participate or not. I've been thinking about this for many months. On any given day I've gone from heck no, to sure why not, to well...
by neurosphere
Mon Apr 27, 2015 8:39 pm
Forum: Investing - Help with Personal Investments
Topic: Hourly Financial Advisor -- Yeah, right!
Replies: 14
Views: 2266

Re: Hourly Financial Advisor -- Yeah, right!

Did his website stipulate there were minimum charges for hourly work? What about his form ADV, which is supposed to list the various ways that fees are charged? Although I don't think that such a detail such as minimums for hourly work are required to be in the ADV form, such details are frequently ...
by neurosphere
Fri Apr 24, 2015 12:42 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard Account Activity Alerts
Replies: 26
Views: 2281

Re: Vanaguard Account Activity Alerts

toto238 wrote:
livesoft wrote:OK, can Vanguard send an alert when a named ETF is trading down more than 2.5% from the previous closing price?


It says Vanguard mutual funds only. So I'm thinking no. And I wouldn't want them to either. Market Timing is bad, my friend.


Is it market timing if you sell SPY to buy VTI? :wink:
by neurosphere
Thu Apr 23, 2015 4:41 pm
Forum: Investing - Help with Personal Investments
Topic: Should I lower my 401k Contribution?
Replies: 9
Views: 1542

Re: Should I lower my 401k Contribution?

The 500 index fund is .63%. This ER is well within what's tolerable. Contribute as much as you can afford. You can put small cap and international in your IRAs. JW Yes, assuming there are no other loads or administrative fees on top of the ER, 0.63% is quite acceptable, and you should not let this ...
by neurosphere
Wed Apr 22, 2015 8:09 pm
Forum: Personal Consumer Issues
Topic: Physicians: What's your vacation policy?
Replies: 28
Views: 2945

Re: Physicians: What's your vacation policy?

I work in a big academic medical center, vacation is uniform across all departments and specialties. Policy is 20 days a year (4 weeks' worth of week days), do not need to accrue, but use it or lose it. No rollover. No additional sick days. 5 days a year additional days "off" for conferenc...
by neurosphere
Wed Apr 22, 2015 11:32 am
Forum: Personal Consumer Issues
Topic: Southwest Credit Card Companion Pass
Replies: 14
Views: 1621

Re: Southwest Credit Card Companion Pass

wdr1 wrote:- You can't change the person who you pick to be your traveling companion (as far as I can tell).


In December, the terms and conditions clearly stated that one could change the companion up to a 3 times during the year. I do not know if that policy has changed since then.
by neurosphere
Mon Apr 20, 2015 8:20 pm
Forum: Personal Consumer Issues
Topic: Neighbor is hoarder, piling garbage outside, collecting vans
Replies: 32
Views: 4874

Re: Neighbor is hoarder, piling garbage outside, collecting

I've lived in the neighborhood for 5 years and his house has been like that as long as I can remember. [Internet tone of voice alert. The following is written in the spirit of fun and jest, not malice or criticism.] Wait, so does that mean you bought your current house 5 years ago? Which means you ...
by neurosphere
Mon Apr 20, 2015 7:02 pm
Forum: Investing - Help with Personal Investments
Topic: Newly Married - Both 28 - NYC residents - How are we doing?
Replies: 26
Views: 2703

Re: Newly Married - Both 28 - NYC residents - How are we doi

Final verdict: If you can rent a similar home for less than $1,723 PER MONTH then renting is better. Our current place is $1950 a month. Is your current rental VERY similar to the home you intend to buy? Just to be clear, the rent vs. buy calculators assume that you have a place you could purchase,...
by neurosphere
Mon Apr 20, 2015 6:57 pm
Forum: Investing - Help with Personal Investments
Topic: Newly Married - Both 28 - NYC residents - How are we doing?
Replies: 26
Views: 2703

Re: Newly Married - Both 28 - NYC residents - How are we doi

Tax Filing Status: Married Filing Jointly but we do not claim each other or ourselves (so we still get taxed at the single 0 amount). Being nitpicky about this comment (and I'm certainly not trying to be critical, but perhaps being a pedant for the sake of educating)... I assume you file jointly wh...
by neurosphere
Mon Apr 20, 2015 7:21 am
Forum: Personal Consumer Issues
Topic: How do you quickly cool food?
Replies: 34
Views: 2548

Re: How do you quickly cool food?

When I want to quickly make iced coffee from a pot of hot coffee, here's what I do: 1) find two large round metal cake pans that fit inside each other (thin conductive metal is best). 2) fill one pan with ice cubes and water in the bottom of the sink. 3) Set the second pan inside the first pan so i...
by neurosphere
Thu Apr 16, 2015 9:27 pm
Forum: Personal Finance (Not Investing)
Topic: Incorrect 1099-MISC - Options?
Replies: 3
Views: 332

Re: Incorrect 1099-MISC - Options?

The summary of your situation is that you are reporting income that the IRS may or may not attribute to you, due to a 1099 that has an incorrect SS#. You are in compliance. Your tax due will be correct. If the IRS contacts you because they think you overpaid (unlikely), a simple letter or phone call...
by neurosphere
Thu Apr 16, 2015 12:00 pm
Forum: Investing - Help with Personal Investments
Topic: Is it ok to NOT have significant taxable investments?
Replies: 48
Views: 4810

Re: Is it ok to NOT have significant taxable investments?

Say you have a high income, in a high tax bracket. You fully max out tax free/tax deferred each year to around 100k. You still have 200K+ leftover. You're saying it's not a good idea to throw all that in to taxable, because taxes will suck? Is that what you're saying EmergDoc? No, reread his post, ...
by neurosphere
Wed Apr 15, 2015 8:47 pm
Forum: Personal Finance (Not Investing)
Topic: How do I find a good local Financial Adviser?
Replies: 20
Views: 1559

Re: How do I find a good local Financial Adviser?

The OP wants financial planning in all areas except investment planning: Insurance, Estate, Wills, College savings, Taxes, etc. Unfortunately, the OP used the term "Financial Adviser" when they meant something quite different. If my mind hadn't been hopelessly muddled by the funny rules o...
by neurosphere
Wed Apr 15, 2015 7:20 pm
Forum: Personal Finance (Not Investing)
Topic: How do I find a good local Financial Adviser?
Replies: 20
Views: 1559

Re: How do I find a good local Financial Adviser?

...there are some slick talkers out there who claim to be fee only but have other products up their sleeve that will pay them fees that aren't so noticeable. Think variable annuities, which were being hawked by a "fee only" advisor I heard speaking lately. Not saying that the ones you sug...
by neurosphere
Mon Apr 13, 2015 8:46 pm
Forum: Personal Consumer Issues
Topic: Health insurance claim denied -Need tips on filing an appeal
Replies: 9
Views: 891

Re: Health insurance claim denied -Need tips on filing an ap

I am a physician, and I ALSO do insurance reviews as an independent reviewer (i.e. I don't work for the insurance company, but I occasionally get hired as a consultant for a medical review firm). The first thing to realize is that the "first" level decision is handled within the insurance ...
by neurosphere
Sun Apr 12, 2015 9:43 pm
Forum: Forum Issues and Administration
Topic: Bogleheads.com and FPL Capital Management
Replies: 33
Views: 5668

Re: Bogleheads.com and FPL Capital Management

livesoft wrote:I suppose we could buy FPLCapital.sucks at some point.


Or FPLCapitalsucks.com, .org, .net, etc. :D
by neurosphere
Sun Apr 12, 2015 9:39 pm
Forum: Forum Issues and Administration
Topic: Bogleheads.com and FPL Capital Management
Replies: 33
Views: 5668

Re: Bogleheads.com and FPL Capital Management

It sems that http://www.bogleheads.com is still being cybersquatted (if that is a real term, ha ha) by FPL capital management. As I've noted, it's probaly legal, but something that I would hope an ethical firm would not feel the need to resort to. I know nothing of FPL Capital Management personally,...
by neurosphere
Fri Apr 10, 2015 8:10 am
Forum: Personal Consumer Issues
Topic: Smartphone app to block hundreds of multi-number spam calls?
Replies: 24
Views: 1925

Re: Smartphone app to block hundreds of multi-number spam ca

Wow a few posts back, Google lets people sell apps from their store that spoof phone numbers? Google is even more corrupt than I thought. Spoofing phone numbers, etc. is only considered illegal, if the motivation to spoof the number carries malicious intent. . And how would lying about the number n...
by neurosphere
Thu Apr 09, 2015 6:17 pm
Forum: Personal Consumer Issues
Topic: Cloud Storage
Replies: 44
Views: 4816

Re: Cloud Storage

What about "double" encryption? For example, let's say my hard drive is encrypted with bitlocker. I have files on my hard drive. Then, I use another encryption service to upload those files to the cloud, such as boxcryptor. Furthermore, for the most sensitive files, I password protect them...
by neurosphere
Thu Apr 09, 2015 5:34 pm
Forum: Personal Finance (Not Investing)
Topic: Am I part of the problem??
Replies: 73
Views: 8955

Re: Am I part of the problem??

Alternatively, the OP is smart but had not considered the consequences of his message. His first message will also be his last message as "Tim W." Soon we will get a new poster with the same writing style but a different name. He won't be called Tim. Victoria Tim?!? Tim Willis of UBS in C...
by neurosphere
Mon Apr 06, 2015 9:05 pm
Forum: Personal Finance (Not Investing)
Topic: Difficult to answer tax and residency question
Replies: 19
Views: 1273

Re: Difficult to answer tax and residency question

but who's to prove where you lived? Actually, if challenged, it's potentially up to YOU to account for where you were every night of the year. :D In one case that reached the state’s tax tribunal last fall, the hedge fund billionaire Julian H. Robertson Jr. presented evidence that he had had his as...
by neurosphere
Mon Apr 06, 2015 8:09 pm
Forum: Investing - Theory, News & General
Topic: Switching 40% of my portfolio to bonds: just can't do it.
Replies: 52
Views: 7254

Re: Switching 40% of my portfolio to bonds: just can't do it

markp wrote:Clever rewrite! This helps me better understand my real question because I can easily answer the rewritten one. Would I own a market at PE 50? Personally, no way. Thanks :)


Would you sell stocks which had to gone to a PE 50 in order to buy bonds with a negative yield?

:D
by neurosphere
Mon Apr 06, 2015 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: Form 8606 Question
Replies: 33
Views: 2113

Re: Form 8606 Question

The part in pink/purple is why I don't think the worksheet is needed or intended for back door Roth contributions. Yep, I see. You are right. I missed the implication of that pink phrase earlier (as a consequence of multitasking and trying to use a standing desk for the first time). Does this mean ...
by neurosphere
Mon Apr 06, 2015 4:27 pm
Forum: Investing - Theory, News & General
Topic: Switching 40% of my portfolio to bonds: just can't do it.
Replies: 52
Views: 7254

Re: Switching 40% of my portfolio to bonds: just can't do it

stlutz wrote:Is anyone prepared to make a reasoned case that I should switch a significant portion of my portfolio to stocks
1. Right now
2. Irrespective of the PE even if it was 50 or more


You took the words right out from under my fingers.
by neurosphere
Mon Apr 06, 2015 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: Form 8606 Question
Replies: 33
Views: 2113

Re: Form 8606 Question

From the 590-A instructions: [If one has] Both [IRA] contributions for 2014 and distributions in 2014. If all three of the following apply, any IRA distributions you received in 2014 may be partly tax free and partly taxable. --You received distributions in 2014 from one or more traditional IRAs, --...
by neurosphere
Mon Apr 06, 2015 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: Form 8606 Question
Replies: 33
Views: 2113

Re: Form 8606 Question

Not so fast now.... So for the typical backdoor Roth (no previous basis, and contribution and conversion of maximum annual amount), line 5 of the 8606 would be $5500 and line 8 would also be $5500, and thus lines 6-12 DO NOT GET COMPLETED AS PER THE INSTRUCTIONS. That is not what it says. If says l...
by neurosphere
Mon Apr 06, 2015 2:02 pm
Forum: Personal Finance (Not Investing)
Topic: Form 8606 Question
Replies: 33
Views: 2113

Re: Form 8606 Question

The bottom line is that it does not matter, you get the right result over in Section II anyway. But it also indicates that the person or the software does not know what it is doing or that the person is not careful with details. Not a quality I'd want in a tax person. Is it ok that I'm laughing out...
by neurosphere
Mon Apr 06, 2015 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: Form 8606 Question
Replies: 33
Views: 2113

Re: Form 8606 Question

In any case, taxACT leaves those entire lines 6 through 12 blank, and instead calculates the value of line 13 from Worksheet 1-1 of pub 590-B (and designates this with an asterisk on line 13 and 15 noting "From Pub 590-B Worksheet 1-1". Now THAT's interesting. In Pub 590b on a filled in (...
by neurosphere
Mon Apr 06, 2015 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: Form 8606 Question
Replies: 33
Views: 2113

Re: Form 8606 Question

... That suggested meaning doesn't make sense to me. Line 6 is what's left in the trads etc. at the end of the year. Anything you converted to Roths came out before then, unless you're converting on December 31st? Yes, you're right, I didn't think that through. I think my brain read line 6 as the v...
by neurosphere
Mon Apr 06, 2015 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: Form 8606 Question
Replies: 33
Views: 2113

Re: Form 8606 Question

1. There is no entry in line 8 . Instructions for line 8 are as follows: "Enter the net amount you converted from traditional, SEP, and SIMPLE IRAs to Roth IRAs in 2014. Do not include amounts converted that you later recharacterized (see instructions). Also enter this amount on line 16" ...
by neurosphere
Mon Apr 06, 2015 11:05 am
Forum: Investing - Theory, News & General
Topic: Switching 40% of my portfolio to bonds: just can't do it.
Replies: 52
Views: 7254

Re: Switching 40% of my portfolio to bonds: just can't do it

markp wrote: What if bonds yielded -5%? -10%?


And what if those negative yields beat inflation by 3%?

Or would you rather own 15% bonds which lose to inflation by 5%?

Nominal bond yields only tell a part of any story.
by neurosphere
Sat Apr 04, 2015 11:22 am
Forum: Personal Finance (Not Investing)
Topic: VG 1099-DIV form does not match "Foreign Tax Paid" form
Replies: 5
Views: 425

Re: VG 1099-DIV form does not match "Foreign Tax Paid" form

My pocket calculator does 144.37 - 144.36 = 0.01. Wait, hold on, checking...yes, your calculator is more correct than mine. :oops: Foreign income may be less than the dividends ... Ah yes, yes of course. One has to be able to READ. One form refers specifically to foreign DIVIDENDS, while the other ...
by neurosphere
Sat Apr 04, 2015 10:42 am
Forum: Personal Finance (Not Investing)
Topic: VG 1099-DIV form does not match "Foreign Tax Paid" form
Replies: 5
Views: 425

VG 1099-DIV form does not match "Foreign Tax Paid" form

Hi all, The 1099-DIV Vanguard provided for an account which holds only international mutual funds has values which do not match the Foreign Tax Paid form provided for the same funds. For example, for fund X, the DIV form lists Total ordinary dividends: $388.80 (box 1a), Qualified dividends: 144.36 (...
by neurosphere
Fri Apr 03, 2015 5:18 pm
Forum: Personal Finance (Not Investing)
Topic: How to "prove" Savings Bond held with Treasury Direct
Replies: 12
Views: 1650

Re: How to "prove" Savings Bond held with Treasury Direct

Clever_Username wrote: I guess I could convince someone I really own these from this?

I'm not sure I looked at the individual bond level. Maybe my full name is there. But it would take me hours and hours to print out copies of each bond if I had to do it one by one!
by neurosphere
Fri Apr 03, 2015 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: How to "prove" Savings Bond held with Treasury Direct
Replies: 12
Views: 1650

Re: How to "prove" Savings Bond held with Treasury Direct

:?: :?: :?: :?: :?: :?: :?: :?: :?: :?: :?: :?: My "Current Holdings » Summary" page is showing my full name, my account number, and a list of the I bonds I hold. Interesting. Mine shows "Firstname: A-123-456-789", which is obviously my first name followed by my account number. ...
by neurosphere
Fri Apr 03, 2015 9:45 am
Forum: Investing - Help with Personal Investments
Topic: ETrade vs. Fidelity (or others) Solo 401(k)
Replies: 12
Views: 456

Re: ETrade vs. Fidelity (or others) Solo 401(k)

I'm still amazed there is even a form! I mean, in this day and age, why are so many of the Solo K offerings so subpar? You know what's interesting, I have clients who find the paper form comforting . The process of writing down the amounts, including a check (yes, contributions require a paper chec...
by neurosphere
Fri Apr 03, 2015 9:38 am
Forum: Investing - Help with Personal Investments
Topic: ETrade vs. Fidelity (or others) Solo 401(k)
Replies: 12
Views: 456

Re: ETrade vs. Fidelity (or others) Solo 401(k)

For fidelity you have to mail in a form with your check and you specify employer or employee on the form. No online contributions at present. https://www.fidelity.com/bin-public/060_www_fidelity_com/documents/customer-service/self-employed-401k-contribution-remittance.pdf Random question about this...
by neurosphere
Fri Apr 03, 2015 9:33 am
Forum: Investing - Help with Personal Investments
Topic: ETrade vs. Fidelity (or others) Solo 401(k)
Replies: 12
Views: 456

Re: ETrade vs. Fidelity (or others) Solo 401(k)

The Vanguard Solo 401k has a simple contribution interface. It does electronic bank transfers for contributions (no need to mail in contributions) and allows you to designate the Employee and Employer contributions. Do I remember the BH forums correctly that you are limited to Vanguard funds? Not n...
by neurosphere
Fri Apr 03, 2015 9:23 am
Forum: Personal Finance (Not Investing)
Topic: Quick NY Tax Question
Replies: 8
Views: 585

Re: Quick NY Tax Question

My friend's sister got back to me and told me she had taken the exclusion last year (she has her taxes done by a CPA). I fixed up my friend's 2014 return to do the same and am working on amending his 2013 return so he can get the exclusion for that year, too. Be careful with the exclusion amounts, ...
by neurosphere
Fri Apr 03, 2015 9:15 am
Forum: Personal Finance (Not Investing)
Topic: How to "prove" Savings Bond held with Treasury Direct
Replies: 12
Views: 1650

Re: How to "prove" Savings Bond held with Treasury Direct

On Treasury Direct, pages are printable statements. Print out the pages with your balances and holdings, and there you go. I used to do this, but it's been a few years since I've been able to log on--sigh. -- Tet In my case, the problem is there is no page on which both my full name AND a summary (...

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