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Re: Excess contribution in 2013--re-designate?

My 401-K allows after-tax contributions plus pre-tax contributions plus employer contributions up to $51,000. Due to a higher than usual bonus, the employer match (based on a percentage of salary and bonus) was higher than I had figured. After maxing out the $17,500, plus the match, my after-tax con...
by runnergirl
Tue Jan 14, 2014 8:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: Excess contribution in 2013--re-designate?
Replies: 5
Views: 427

Excess contribution in 2013--re-designate?

In 2013, I had an excess contribution to my Roth IRA of $506.11 ($30.47 of this is earnings). These moneys came from an after-tax 401-K conversion to my Roth. I want to understand my options. (1) Withdraw this amount and pay a 10% penalty plus taxes. (2) Or recharacterize to a t-IRA (don't want to d...
by runnergirl
Tue Jan 14, 2014 12:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: Excess contribution in 2013--re-designate?
Replies: 5
Views: 427

Can TSP G fund be used as liability matching portfolio?

Trying to decide whether to purchase a TIPS ladder in my Roth IRA or to rely on the TSP G fund for retirement (spanning mid-50's to 100). The TIPS rungs would be purchased yearly at auction in the Roth and held to maturity. Only the yield is so low I wonder if the G fund can substitute. I also have ...
by runnergirl
Tue Dec 17, 2013 1:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: Can TSP G fund be used as liability matching portfolio?
Replies: 4
Views: 358

Re: HDHP worth it?

No they do not. It's like they want people to choose the CDHP and are making it ever more unfeasible to choose the HDHP. I'm not sure why they would do that. My calculations are: If we spend 0-$1061.31, the HDHP is a better choice If we spend $1062.31+, the CDHP is a better choice The most we could ...
by runnergirl
Fri Nov 15, 2013 9:41 am
 
Forum: Personal Finance (Not Investing)
Topic: HDHP worth it?
Replies: 8
Views: 923

Re: HDHP worth it?

Thank you for taking a look. The details are: HDHP costs $5828.68/year deductible is $1500 ind/$3000 family coinsurance is 80% after deductible is met out of pocket max is $3000 ind/$6000 family no HRA contribution by employer tax savings (28% fed, 8.25% state) is $2223.07 (although some years bumps...
by runnergirl
Fri Nov 15, 2013 9:19 am
 
Forum: Personal Finance (Not Investing)
Topic: HDHP worth it?
Replies: 8
Views: 923

HDHP worth it?

My employer's HDHP plan has gone up a lot this year. Over $500 for 2014. The CDHP, in contrast, only went up 10%. I chose the HDHP for 2013 because I wanted the HSA for which I deposited the maximum and plan to use for retirement. I calculated the break-even point, after tax savings and employer con...
by runnergirl
Thu Nov 14, 2013 9:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: HDHP worth it?
Replies: 8
Views: 923

Re: Social Security Strategies

Thank you for your help. I will check out that website. Am I right that the higher earner cannot collect spousal benefits on the lower earner's record at age 62 if he his also eligible for his own reduced benefit at age 62 (and that benefit is substantially more than the spousal benefit)?
by runnergirl
Wed Nov 06, 2013 4:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Social Security Strategies
Replies: 22
Views: 2695

Re: Social Security Strategies

the younger spouse (by 2 years):
age 62: $1900
age 67: $2634
age 70: $3273

the older spouse:
age 62: $552
age 67: $784
age 70: $784

the younger spouse comes from a family of average longevity. the older spouse comes from a family of above average longevity.
by runnergirl
Sat Nov 02, 2013 3:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Social Security Strategies
Replies: 22
Views: 2695

Social Security Strategies

If spouses A and B have an FRA of 67, and spouse A is 2 years older than spouse B and a low wage earner (spouse B is a high wage earner), what should this couple's social security strategy be in order to maximize benefits? They do not need to rely on social security and could wait until age 70 if ne...
by runnergirl
Sat Nov 02, 2013 2:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Social Security Strategies
Replies: 22
Views: 2695

Re: How to find the retail cost of 24-K gold

Are you receiving a 1099 from the purchaser? :happy Bruce That and the correct cost basis is the market price of that particular piece of jewelry at the time it was gifted. If I buy a brand new Mercedes and then resell it for scrap after iron prices have had a huge run it is still a big loss, not a...
by runnergirl
Wed Jun 12, 2013 4:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to find the retail cost of 24-K gold
Replies: 14
Views: 840

Re: How to find the retail cost of 24-K gold

Thank you for all the responses so far. I sold it to a place that gives 95% of spot value. The pieces were not designer jewelry. It was of the type that is found on 47th Street (thick chains, bracelets, etc.)--given by many Asians to brides as gifts. So not the typical mall mark-up. Are you saying 2...
by runnergirl
Wed Jun 12, 2013 11:01 am
 
Forum: Personal Finance (Not Investing)
Topic: How to find the retail cost of 24-K gold
Replies: 14
Views: 840

Re: How to find the retail cost of 24-K gold

If the prices are all over the place, then what should I tell the IRS is my basis? What do they expect as proof when I have no idea, and the various donors are either deceased or don't remember?
by runnergirl
Wed Jun 12, 2013 9:20 am
 
Forum: Personal Finance (Not Investing)
Topic: How to find the retail cost of 24-K gold
Replies: 14
Views: 840

How to find the retail cost of 24-K gold

I recently sold several troy ounces of 24-K gold jewelry. The difference in spot price between the date this gold was gifted to me and the date of sale is over $1000/troy oz. I know this because I looked up the historical gold prices. I have to pay a 28% collectibles capital gains tax. How do I figu...
by runnergirl
Wed Jun 12, 2013 8:46 am
 
Forum: Personal Finance (Not Investing)
Topic: How to find the retail cost of 24-K gold
Replies: 14
Views: 840

Emergency Room Visit -- HDHP

This is my first year with an HDHP. Prior to this, we paid very little for health care costs because of a generous insurance plan. The other day someone in the family ended up at the ER. I am very nervous as to the bill. Haven't received it yet. Does the insurer negotiate a good rate for customers w...
by runnergirl
Wed May 15, 2013 9:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Emergency Room Visit -- HDHP
Replies: 58
Views: 4672

Problem canceling term life insurance

I am trying to cancel an unnecessary term life policy with Northwestern Mutual Life. The agent says I cannot do it mid-year because I paid in full at the beginning of the year. He said I must wait until the renewal date and then ignore the bill letting the policy lapse. I would like to cancel now an...
by runnergirl
Wed May 15, 2013 9:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Problem canceling term life insurance
Replies: 4
Views: 647

Re: Mortgage interest deduction--Does it Affect AMT?

Thanks. So if I'm in the 28% tax bracket under the regular system and also in the 28% tax bracket for the AMT, then I still get the same amount of deduction either way?
by runnergirl
Wed May 15, 2013 12:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Mortgage interest deduction--Does it Affect AMT?
Replies: 2
Views: 286

Mortgage interest deduction--Does it Affect AMT?

I am debating whether or not to pay off my mortgage which has a rate of 2.875% with 11 years left on a fifteen-year. I am in the 28% federal/8.25% state tax bracket. Every year, I have been hit with the AMT. This is due to high property taxes, high state income taxes, and two dependents. If I have n...
by runnergirl
Wed May 15, 2013 11:19 am
 
Forum: Personal Finance (Not Investing)
Topic: Mortgage interest deduction--Does it Affect AMT?
Replies: 2
Views: 286

Re: HSA Bank Fees

update - I talked to them and they reversed the fees for Jan-April. For some inexplicable reason, they refused to refund the fee for May. It was too much trouble to stay on the phone any longer so I didn't argue the $3. What's important is that the balance is now above $5000 and they will no longer ...
by runnergirl
Fri May 10, 2013 8:54 am
 
Forum: Personal Finance (Not Investing)
Topic: HSA Bank Fees
Replies: 12
Views: 3427

Re: HSA Bank Fees

I bet you got hit with the $3 fee for the first month since you started with less than $5K and that the fee in the first month reduced your balance below $5K for the remaining months. The only month I got his with the $3 investment fee was the last month I had a balance under $5K on one day during ...
by runnergirl
Wed May 01, 2013 11:04 am
 
Forum: Personal Finance (Not Investing)
Topic: HSA Bank Fees
Replies: 12
Views: 3427

HSA Bank Fees

Anyone using HSA Bank for their HSA? In January, I deposited $6450 into an HSA with them. I kept $5000 in a minimally paying savings account and transferred $1450 into their investment account with TD Ameritrade. I have been charged a monthly fee of $3 since then. My understanding was that $3000 in ...
by runnergirl
Wed May 01, 2013 8:35 am
 
Forum: Personal Finance (Not Investing)
Topic: HSA Bank Fees
Replies: 12
Views: 3427

Where to get photos or posters framed?

Michaels charges way too much.
by runnergirl
Tue Apr 30, 2013 9:51 am
 
Forum: Personal Consumer Issues
Topic: Where to get photos or posters framed?
Replies: 15
Views: 805

Re: Helping out a parent financially

Thank you for your thoughtful responses. Yes, I am the child of immigrant parents and a lot of the guilt comes from the cultural expectations. I would actually like to help out but am really put off by his sense of entitlement, greed, and evasiveness. When I helped him with the home purchase, he was...
by runnergirl
Wed Apr 24, 2013 8:06 am
 
Forum: Personal Finance (Not Investing)
Topic: Helping out a parent financially
Replies: 18
Views: 1849

Helping out a parent financially

One of my parents made a good living while I was growing up and saved a good deal as well. My parents paid for most of my college education too. However, as a result of some poor financial and personal decisions starting about 15-20 years ago, this parent is living on social security and a small pen...
by runnergirl
Tue Apr 23, 2013 1:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Helping out a parent financially
Replies: 18
Views: 1849

Re: cleaning a vacation rental

Thanks for all the replies. I looked at the rental contract and the only thing it says regarding cleaning is: Cleaning once a week is provided. Daily maid service can be provided for an additional fee. We encourage guests to tip the cleaning staff. A dollar per visit is a guideline. We did not opt f...
by runnergirl
Fri Apr 05, 2013 5:08 pm
 
Forum: Personal Consumer Issues
Topic: cleaning a vacation rental
Replies: 21
Views: 2129

cleaning a vacation rental

I recently went on vacation and rented a condo through VRBO. At the end of the stay, we left some dirty dishes (no dish washer in the place), garbage in the bin (no cover on the trashcan, not made aware of any garbage chute), and some crumbs on the floor and surfaces. We left no spills, stains, or a...
by runnergirl
Fri Apr 05, 2013 1:16 pm
 
Forum: Personal Consumer Issues
Topic: cleaning a vacation rental
Replies: 21
Views: 2129

Re: 529s for Grandchildren that you don't have yet

I don't know about laws in Wisconsin, but my family has 8 x 529 plans for a $2500 state tax deduction for each account (total of $20,000 a year). I have two children. I opened one for myself, my spouse, son, and daughter. My spouse opened one for himself, for me, son, and daughter. When the children...
by runnergirl
Thu Apr 04, 2013 12:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: 529s for Grandchildren that you don't have yet
Replies: 29
Views: 1502

Re: New Kitchen Range suggestions

Interesting. Had not considered induction. What do you like about induction over gas?
by runnergirl
Thu Apr 04, 2013 8:58 am
 
Forum: Personal Consumer Issues
Topic: New Kitchen Range suggestions
Replies: 6
Views: 630

Which account to withdraw from first?

I have my new car fund rolled up in my asset allocation rather than in a segregated account. When I need a car, I'll just withdraw the money and then rebalance. Question is which account should I withdraw from? I have a 401-K, Roth IRA, traditional IRA, I Bonds, regular savings and checking account,...
by runnergirl
Thu Apr 04, 2013 8:56 am
 
Forum: Personal Finance (Not Investing)
Topic: Which account to withdraw from first?
Replies: 6
Views: 711

New Kitchen Range suggestions

I am looking for a new kitchen range/oven - 30 inches. Any recommendations for brand? I have a gas range/oven right now - GE Profile Performance. I heard it's better to have gas stove-top, electric oven. Any other features to look for? I am a foodie and can use something high performance.
by runnergirl
Thu Apr 04, 2013 8:32 am
 
Forum: Personal Consumer Issues
Topic: New Kitchen Range suggestions
Replies: 6
Views: 630

Re: Excess aftertax 401K $ returned: What to expect nx year

Thanks gtaylor. Interesting, I assume I have to pay taxes on any gains, if any, while in the 401-K? Where will that be reported?
by runnergirl
Wed Apr 03, 2013 11:30 am
 
Forum: Personal Finance (Not Investing)
Topic: Excess aftertax 401K $ returned: What to expect nx year?
Replies: 11
Views: 1438

Excess aftertax 401K $ returned: What to expect nx year?

I wrote in a couple of weeks ago regarding an accidental overcontribution to the after-tax 401K portion of my $51,000 limit. Although the limit had not been reached yet, the amount contributed to the AT portion would have prevented me from filling up my pre-tax $17,500 space and my employer match sp...
by runnergirl
Wed Apr 03, 2013 8:20 am
 
Forum: Personal Finance (Not Investing)
Topic: Excess aftertax 401K $ returned: What to expect nx year?
Replies: 11
Views: 1438

Re: Excess contribution to 401-K - how to withdraw?

Thanks. I only have a copy of the SPD, not the whole PD. I will request one. Alan, my after-tax contributions are close to $40,000 already, which does not leave enough room for me to maximize my $17,500 pre-tax deferral or the employer match (only matched during pay periods for which there is a cont...
by runnergirl
Sat Mar 16, 2013 2:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Excess contribution to 401-K - how to withdraw?
Replies: 4
Views: 495

Excess contribution to 401-K - how to withdraw?

Every year, I try to make sure that my contribution to a pre-tax 401-K, employer match, and after-tax contributions equal $51,000. By mistake, due to an unusually large bonus, the after-tax portion is greatly overfunded and will necessarily shrink the pre-tax ($17,500) and employer match space. I ha...
by runnergirl
Fri Mar 15, 2013 1:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Excess contribution to 401-K - how to withdraw?
Replies: 4
Views: 495

Re: Inservice ER - rollover to Roth?

Thanks for helping to clarify this. I already roll out all my after tax contributions to a Roth so I realize now that any amounts that I am allowed to withdraw for the Inservice ER (I'm guessing part of the employer contributions) will have to be taxed. I might as well leave them in the account in t...
by runnergirl
Tue Mar 12, 2013 8:59 am
 
Forum: Investing - Help with Personal Investments
Topic: Inservice ER - rollover to Roth?
Replies: 20
Views: 656

Inservice ER - rollover to Roth?

I recently discovered that my 401-K allows something called an "inservice ER". Apparently I am able to rollover a portion of my 401-K balance (about 10%) to an IRA. I am in my mid-40's. I max out the 401-K and also make after-tax contributions (to the 51,000 max) that I subsequently rollov...
by runnergirl
Mon Mar 11, 2013 1:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: Inservice ER - rollover to Roth?
Replies: 20
Views: 656

Re: Home voip options

Ooma uses your existing phones whatever they may be.
by runnergirl
Fri Jan 18, 2013 10:10 am
 
Forum: Personal Consumer Issues
Topic: Home voip options
Replies: 34
Views: 2654

Re: Home voip options

I got the Ooma on sale at Amazon for $130-ish. Chose to port phone number for another $40. Very simple to set-up. Excellent voice quality. Excellent customer service. Tax of about $3.50 per month, but when I had Verizon, I had to pay the tax anyway on top of $30/month.
by runnergirl
Fri Jan 18, 2013 9:46 am
 
Forum: Personal Consumer Issues
Topic: Home voip options
Replies: 34
Views: 2654

Re: Google Voice quality?

I use Talkatone on my iPad Mini and it works very well. At home, I have FIOS 15/5 (which actually gets around 5 down/7 up). On the road I have AT&T 4G LTE. Both work well on either speaker phone or with earPods. I have a basic phone with prepaid minutes as a back-up, but I greatly minimize my ce...
by runnergirl
Fri Jan 18, 2013 9:20 am
 
Forum: Personal Consumer Issues
Topic: Google Voice quality?
Replies: 35
Views: 3670

Re: Paper Shredder recommendation

Thanks for the recommendations. I'll check out the Fellowes from Walmart.
by runnergirl
Sun Jan 13, 2013 3:18 pm
 
Forum: Personal Consumer Issues
Topic: Paper Shredder recommendation
Replies: 28
Views: 3694

Paper Shredder recommendation

The last paper shredder I had broke within a couple of uses. Any recommendations for a durable cross-cut shredder? I don't care if it takes too many sheets. Just home use.
by runnergirl
Thu Jan 10, 2013 9:45 am
 
Forum: Personal Consumer Issues
Topic: Paper Shredder recommendation
Replies: 28
Views: 3694

Max out Roth IRA (after-tax conversion) or I bonds

On top of a $5500 contribution to a Roth IRA, I am also able to deposit approximately $26,000 per year into the Roth via an after-tax 401K conversion. I am already maxing out contributions to the 401-K. Not having the funds to max out both Roth IRA and $20K (joint) in I-bonds, where should my priori...
by runnergirl
Thu Jan 10, 2013 9:43 am
 
Forum: Investing - Help with Personal Investments
Topic: Max out Roth IRA (after-tax conversion) or I bonds
Replies: 2
Views: 577

Can iPad Mini replace smartphone?

I have on order an iPad Mini with LTE. After my iPhone got stolen more than a year ago, I switched to a basic month-to-month phone. I miss having a data plan and having internet access on the go, however. I also tend to get lost a lot and would like turn-by-turn navigation. I had a Garmin, but that ...
by runnergirl
Fri Nov 09, 2012 6:09 pm
 
Forum: Personal Consumer Issues
Topic: Can iPad Mini replace smartphone?
Replies: 0
Views: 418

Re: Paying off mortgage @ 2.875% or buying I-bond or other b

I also have a 2.875% 15 year mortgage. Regarding TFB's recommendation to contribute the max to I bonds (which we are currently doing) and then selling off other bond funds to pay off the mortgage, does the recommendation apply to contributions to TIPS (in 401K) and G Fund (in TSP)? The TIPS/G Fund a...
by runnergirl
Fri Nov 09, 2012 6:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Paying off mortgage @ 2.875% or buying I-bond or other bond
Replies: 18
Views: 2156

Re: Learning to Speak Chinese

She can check if her public library has an online course such as Rosetta Stone or Mango Languages. Both are very good introductions to the language. My public library offers these courses to residents for free via their website.
by runnergirl
Tue Jul 24, 2012 8:15 pm
 
Forum: Personal Consumer Issues
Topic: Learning to Speak Chinese
Replies: 49
Views: 4897

Re: Amerisave Mortgage

Have done two refi's with them. Some of their processors are unresponsive or inexperienced but I finally got one who was good and will only work with him in the future. Good rates and no surprises at closing. I like that they send a settlement person to your house at your convenience (even weeknight...
by runnergirl
Tue Jul 10, 2012 6:56 am
 
Forum: Personal Finance (Not Investing)
Topic: Amerisave Mortgage
Replies: 8
Views: 1224

Re: DRIP - reinvest dividends or deposit as cash?

The dividends are for unvested stock so I did not pay for them. I typically sell as soon as they are vested.
by runnergirl
Fri Jul 06, 2012 8:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: DRIP - reinvest dividends or deposit as cash?
Replies: 2
Views: 488

DRIP - reinvest dividends or deposit as cash?

For restricted stock awards, do you recommend having dividends reinvested in the company stock or taking the cash?
by runnergirl
Fri Jul 06, 2012 3:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: DRIP - reinvest dividends or deposit as cash?
Replies: 2
Views: 488

Re: Best Cash Back Credit Card?

6% groceries - Amex Preferred cash (can buy gift cards to Home Depot, Lowes, and many stores at grocery store)
5% gas - PenFed
5% restaurants, movies, bookstores (incl everything at Amazon), video rentals - Citi Forward
1.5% everything else - Capital One Preferred
by runnergirl
Sun Jul 01, 2012 8:44 pm
 
Forum: Personal Consumer Issues
Topic: Best Cash Back Credit Card?
Replies: 56
Views: 82297

What kind of real life emergencies have used up your EF?

I am trying to figure out what sum of money to put in my emergency fund for unforeseen events. Many of the foreseeable events, such as medical bills and unemployment, can be planned for due to insurance and severance pay, and the occasional need for a new car or home repair can be reasonably budgete...
by runnergirl
Fri Jun 15, 2012 8:52 am
 
Forum: Personal Finance (Not Investing)
Topic: What kind of real life emergencies have used up your EF?
Replies: 20
Views: 1900
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