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by southerndoc
Fri May 08, 2015 11:37 am
Forum: Forum Issues and Administration
Topic: Forum software upgrade bug reports and change requests
Replies: 197
Views: 8553

Re: Forum software upgrade bug reports and change requests

Love the new forum upgrade.

Can we look into implementing:

Mark forums read option from the quick links menu? Would help to mark the forum read on the last page of new posts instead of needing to go back to the index page.

Quick reply option below each message?
by southerndoc
Fri May 08, 2015 11:35 am
Forum: Personal Finance (Not Investing)
Topic: HSA Bank of America?
Replies: 6
Views: 720

Re: HSA Bank of America?

I use BofA's HSA and like it. My insurer (BC/BS) signed me up for a BenefitWallet HSA and the fees were too much. The banking portion wasn't high ($2 cheaper/month than BofA), but there was an investment fee as well. BofA has some Vanguard funds available (limited). There's no separate fee for inves...
by southerndoc
Tue Apr 21, 2015 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: T922 "Review of Unreported Income" on 2010 Transcript
Replies: 1
Views: 318

T922 "Review of Unreported Income" on 2010 Transcript

I signed up for a login to the IRS website to get my tax transcripts to see if they have received all funds for 2014. (Also because I accidentally characterized an electronic payment as a payment with return instead of extension.) I went ahead and pulled all years available to print them out. My 201...
by southerndoc
Mon Apr 13, 2015 9:48 am
Forum: Personal Finance (Not Investing)
Topic: Paid Tax Extension Payment as Tax Due - Problems?
Replies: 1
Views: 251

Paid Tax Extension Payment as Tax Due - Problems?

I filled out the 4868 form for a tax extension online using TurboTax. I usually make my extension payments with my Delta SkyMiles credit card just to maintain the MQM's for elite status (yes, I know about the charge fees, but in the long run it pays off from free upgrades, quicker lines, priority su...
by southerndoc
Wed Mar 18, 2015 12:29 am
Forum: Personal Finance (Not Investing)
Topic: Bank of America/Merrill Edge - Preferred Rewards
Replies: 60
Views: 6126

Re: Bank of America/Merrill Edge - Preferred Rewards

no fee cash rewards VISA that pays 3.5% on groceries and 5.25% on gas (up to $1500 per quarter) and no fee travel cash rewards that pays 2.675% on all other purchases (applied as a credit towards any purchases of travel type expenses of my choice going back 12 months and forward indefinitely.) Plus...
by southerndoc
Mon Mar 16, 2015 11:07 pm
Forum: Personal Consumer Issues
Topic: Savannah
Replies: 28
Views: 3533

Re: Savannah

I lived in Savannah for 2 years. Elizabeth on 37th is an absolute must, but it can be difficult to get reservations. It's expensive, but worth it for a great dining experience. Mrs. Wilkes is also a great place for lunch. The line starts early, so get there early or you may not be seated. By early I...
by southerndoc
Fri Mar 13, 2015 12:08 am
Forum: Personal Consumer Issues
Topic: Should I upgrade my Quickbooks for Mac?
Replies: 3
Views: 353

Re: Should I upgrade my Quickbooks for Mac?

I use the online version. You can download Mac versions that link with your online account. It's included with your subscription to QuickBooks Online. I prefer it (with the Mac app installed on my laptop and desktop). This allows me to access QBO basically anywhere I have web access and even on my i...
by southerndoc
Fri Mar 06, 2015 1:54 am
Forum: Personal Consumer Issues
Topic: Availability of X-Files Episodes on Netflix
Replies: 7
Views: 678

Re: Availability of X-Files Episodes on Netflix

I recall they didn't renew their agreement with one of the production studios. Perhaps that is one of them.
by southerndoc
Sun Feb 22, 2015 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: Spouse Contribution to Solo 401(k)
Replies: 7
Views: 487

Spouse Contribution to Solo 401(k)

I just found out that when I open a solo 401(k), my wife has the potential to contribute to it. I've tried to find information on this but can't: I'm assuming that she can only contribute if she is working for me and being paid? Or can I contribute on her behalf even though she is not working (she i...
by southerndoc
Sun Feb 22, 2015 11:17 am
Forum: Investing - Help with Personal Investments
Topic: No Vanguard Admiral Funds; go with Fidelity for 50+ Years?
Replies: 29
Views: 2272

Re: No Vanguard Admiral Funds; go with Fidelity for 50+ Year

You can't have a SEP and an Individual 401(k) active at the same time. I know this affects contributions, but not sure what effect it has on rollovers. You should be able to move the funds into a Rollover IRA though. By active, do you mean that you can't contribute to both a SEP and individual 401k...
by southerndoc
Sun Feb 22, 2015 10:07 am
Forum: Investing - Help with Personal Investments
Topic: No Vanguard Admiral Funds; go with Fidelity for 50+ Years?
Replies: 29
Views: 2272

Re: No Vanguard Admiral Funds; go with Fidelity for 50+ Year

You can't have a SEP and an Individual 401(k) active at the same time. I know this affects contributions, but not sure what effect it has on rollovers. You should be able to move the funds into a Rollover IRA though. It still baffles my mind that Vanguard doesn't offer admiral class funds in its Ind...
by southerndoc
Sat Feb 21, 2015 11:30 am
Forum: Personal Finance (Not Investing)
Topic: iOS Time Tracking App Compatible with QuickBooks Mac
Replies: 0
Views: 93

iOS Time Tracking App Compatible with QuickBooks Mac

I'm doing consulting work now, and I would like the ability to open an iOS app, click a start button and end button when finished, and the app keep track of the billable time spent. Ideally I would like this to sync with QuickBooks Mac to allow me to print/email invoices. Does anyone have any experi...
by southerndoc
Sat Feb 21, 2015 11:28 am
Forum: Personal Consumer Issues
Topic: Changing Banks is a Royal PITA
Replies: 11
Views: 1482

Re: Changing Banks is a Royal PITA

In the process of changing banks now. The PITA was setting up debits, payment accounts with credit cards, etc. I'm leaving a balance in my old account for 3 months and then closing it.
by southerndoc
Sat Feb 21, 2015 11:27 am
Forum: Personal Finance (Not Investing)
Topic: BoA Merrill Edge SEP/Individual 401(k)
Replies: 4
Views: 418

Re: BoA Merrill Edge SEP/Individual 401(k)

Why have you chosen to put all of your eggs in a megabank??????? If you find you can invest there with low fees, I'd look again as you have probably missed something. I'd go directly to Vanguard- and maybe a bank for basic checking. I use an internet bank myself for no hassle checking, no fees, and...
by southerndoc
Fri Feb 20, 2015 12:09 am
Forum: Personal Finance (Not Investing)
Topic: BoA Merrill Edge SEP/Individual 401(k)
Replies: 4
Views: 418

BoA Merrill Edge SEP/Individual 401(k)

I recently switched my business and personal checking to Bank of America. I was looking at possibly moving my Roth and SEP there as well to consolidate everything into one login. However, I will only do this if I can get low cost mutual funds. Does anyone have any experience with retirement accounts...
by southerndoc
Mon Feb 16, 2015 10:10 pm
Forum: Investing - Help with Personal Investments
Topic: Self-employed 401K Question
Replies: 7
Views: 464

Re: Self-employed 401K Question

I was thinking of opening a Fidelity account. Now I'm having second thoughts.

So basically you can't fund either employEE or employER contributions via ACH online? I would like to pull both out of my business checking account.
by southerndoc
Thu Feb 05, 2015 12:18 am
Forum: Personal Finance (Not Investing)
Topic: County Occupational Tax
Replies: 1
Views: 256

County Occupational Tax

I'm trying to figure out if I need an occupational tax certificate from my county for consulting work. I work as an emergency physician as an independent contractor. I do not believe an occupation tax is required for that. I also do work as an independent contractor for various consulting jobs (prim...
by southerndoc
Sat Jan 31, 2015 3:26 am
Forum: Personal Finance (Not Investing)
Topic: Independent Contractor: Can I Deduct [my] Worker's Comp Ins?
Replies: 0
Views: 163

Independent Contractor: Can I Deduct [my] Worker's Comp Ins?

I'm an emergency physician that does some consulting work (primarily EMS medical direction). Because I routinely ride on the ambulance, fire engine, etc., I took out a worker's compensation policy to cover me in the event of an accident either on a fire engine, motor vehicle collision, or even in th...
by southerndoc
Sun Jan 25, 2015 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: Recommend Solo Roth 401(k) Option?
Replies: 6
Views: 510

Recommend Solo Roth 401(k) Option?

I'm a physician who is in the top tax bracket. I currently have a SEP-IRA and max contributions annually. I was thinking of opening a Solo 401(k) with Fidelity, rolling the SEP into the 401(k) (would open with Vanguard, but Vanguard does not allow this), and then making backdoor Roth contributions a...
by southerndoc
Sun Jan 25, 2015 1:54 pm
Forum: Investing - Theory, News & General
Topic: Withdrawing Backdoor Conversions from Roth IRA
Replies: 33
Views: 2568

Re: Withdrawing Backdoor Conversions from Roth IRA

It was a conversion in 2010 that was taxed in 2011 and 2012 (due to the 2010 conversion allowing the one time split taxes).
by southerndoc
Sun Jan 25, 2015 12:41 pm
Forum: Investing - Theory, News & General
Topic: Withdrawing Backdoor Conversions from Roth IRA
Replies: 33
Views: 2568

Re: Withdrawing Backdoor Conversions from Roth IRA

What happens if you made a total of $15,000 in contributions from 2000-2008, made a conversion of $100,600 in 2010, and then in 2015 withdrew $100,000 while under age 59.5? How do you calculate what gains are from the $100k v. the $15k, and because you made contributions and the 5-year conversion ru...
by southerndoc
Sun Jan 25, 2015 12:36 pm
Forum: Investing - Help with Personal Investments
Topic: Very Basic Question on Roth IRA - Deadline?
Replies: 10
Views: 746

Re: Very Basic Question on Roth IRA - Deadline?

For some reason I thought the IRA had to be open during the year for which it was funded.

So I could open my wife's IRA today, make a non-deductible spousal IRA contribution for TY2014, then do a Roth conversion on it? (Income limits prevent me from contributing to a Roth directly.)
by southerndoc
Sun Jan 25, 2015 12:34 pm
Forum: Personal Consumer Issues
Topic: Reliability of LED televisions?
Replies: 18
Views: 1343

Re: Reliability of LED televisions?

Just got rid of a Samsung 46" LED purchased in 2008. No problems whatsoever when I sold it off Craigslist. Only reason I got rid of it is we wanted a bigger screen (55", which is only an inch or two bigger than the 46" thanks to a smaller bezel). The screen was just as bright when I s...
by southerndoc
Sun Jan 25, 2015 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: How much umbrella insurance do I need?
Replies: 19
Views: 2227

Re: How much umbrella insurance do I need?

The difference in my $3 mil and $5 mil umbrella insurance policies was only $40/year. A no brainer for me to up to the max to protect future earnings as well as current assets.
by southerndoc
Thu Jan 22, 2015 4:48 pm
Forum: Personal Finance (Not Investing)
Topic: multiple 401Ks
Replies: 6
Views: 746

Re: multiple 401Ks

I've read where individuals can maximize 401k's through employers and SEP's through their consulting work/self-employment.

Not sure how that applies to individuals who own their own corporation, but I would recommend speaking to your account and a retirement specialist.
by southerndoc
Thu Jan 22, 2015 4:39 pm
Forum: Personal Consumer Issues
Topic: Keurig-cup coffee makers - why?
Replies: 139
Views: 13344

Re: Keurig-cup coffee makers - why?

I use K cups because it's easier. Yes, it's more expensive, but so are a lot of other things in life that I use just for convenience.
by southerndoc
Tue Jan 20, 2015 1:07 pm
Forum: Investing - Theory, News & General
Topic: 529 Plans Reform
Replies: 24
Views: 1446

Re: 529 Plans Reform

Ugh. Just contributed $2,000 to my daughter's 529.

What's next? Taxing Roths?
by southerndoc
Fri Jan 16, 2015 11:11 am
Forum: Personal Finance (Not Investing)
Topic: Termination of SEP-IRA for Individual 401(k)
Replies: 18
Views: 1133

Re: Termination of SEP-IRA for Individual 401(k)

sOUTHERNDOC, Can I ask why you are in need of transferring the funds to another institution as an intermediate step? I was able to just transfer to another account at Vanguard. To eliminate the SEP for prorata reasons for backdoor Roth conversions. Vanguard doesn't allow SEP rollovers. Fidelity does.
by southerndoc
Thu Jan 15, 2015 10:57 pm
Forum: Personal Finance (Not Investing)
Topic: Termination of SEP-IRA for Individual 401(k)
Replies: 18
Views: 1133

Re: Termination of SEP-IRA for Individual 401(k)

I was looking through the application for Fidelity's Self-Employed 401(k). There is a notice in the application that if you use the prototype plan (which I believe is the easiest to set up), that you can't later establish another plan under the prototype plan. My plan is to set up at Fidelity, roll ...
by southerndoc
Thu Jan 15, 2015 9:39 pm
Forum: Personal Finance (Not Investing)
Topic: Termination of SEP-IRA for Individual 401(k)
Replies: 18
Views: 1133

Re: Termination of SEP-IRA for Individual 401(k)

I also dealt with this at Vanguard a few months ago. There are situations (don't ask me which combo's are allowed, please) where you can contribute to the SEP IRA in the same year as a qualified plan- you just have to decrease the qualified plan contribution by the appropriate amount. However, I wa...
by southerndoc
Thu Jan 15, 2015 9:25 pm
Forum: Personal Finance (Not Investing)
Topic: How Long Do You Keep Tax Records?
Replies: 28
Views: 2537

How Long Do You Keep Tax Records?

Out of curiosity, how long do you keep tax records on average?
by southerndoc
Thu Jan 15, 2015 9:22 pm
Forum: Personal Finance (Not Investing)
Topic: Spousal IRA and Immediate Roth Conversion
Replies: 11
Views: 713

Re: Spousal IRA and Immediate Roth Conversion

http://www.financial-planning.com/blogs/ed-slott-ira-conversion-rollover-2672863-1.html Another article on it with some further details. Basically this article implies it would be difficult to enforce since Congress specifically allows Roth conversions. This article suggests not doing the conversion...
by southerndoc
Thu Jan 15, 2015 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: Spousal IRA and Immediate Roth Conversion
Replies: 11
Views: 713

Re: Spousal IRA and Immediate Roth Conversion

http://www.marketwatch.com/story/pro-ra ... 2013-05-03

Is anyone aware of this step transaction doctrine? If so, what period of time must one wait before converting the non-deductible IRA to a Roth?
by southerndoc
Thu Jan 15, 2015 8:57 pm
Forum: Personal Finance (Not Investing)
Topic: Spousal IRA and Immediate Roth Conversion
Replies: 11
Views: 713

Re: Spousal IRA and Immediate Roth Conversion

Just for clarification (and before I screw something up), my wife's Spousal IRA can make non-deductible contributions, convert to a Roth, and none of my SEP-IRA will be used for prorata calculations even though we file jointly? I think someone had mentioned that our IRA's are considered separate for...
by southerndoc
Thu Jan 15, 2015 8:55 pm
Forum: Personal Finance (Not Investing)
Topic: Termination of SEP-IRA for Individual 401(k)
Replies: 18
Views: 1133

Re: Termination of SEP-IRA for Individual 401(k)

This matches the information the Vanguard rep gave me when I opened an Individual 401(k) with Vanguard a few years back in addition to my existing SEP-IRA. While it's ok with the IRS to contribute to both within a year the Vanguard setup will only let you contribute to either one during a given tax...
by southerndoc
Thu Jan 15, 2015 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: Spousal IRA and Immediate Roth Conversion
Replies: 11
Views: 713

Re: Spousal IRA and Immediate Roth Conversion

I don't qualify for direct Roth contribution. My wife has no income, but we're MFJ so I think the only way she can contribute is through a Spousal IRA option and then a backdoor Roth conversion (with the spousal IRA contribution being a non-deductible contribution). C8H18, the income restriction for...
by southerndoc
Thu Jan 15, 2015 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: Termination of SEP-IRA for Individual 401(k)
Replies: 18
Views: 1133

Re: Termination of SEP-IRA for Individual 401(k)

I originally had a SEP with Schwab, then opened one with Vanguard and transferred funds to Vanguard.

When I open the Solo 401(k) with Fidelity, should I mark the plan as 03 instead of 02?
by southerndoc
Thu Jan 15, 2015 11:33 am
Forum: Personal Finance (Not Investing)
Topic: Spousal IRA and Immediate Roth Conversion
Replies: 11
Views: 713

Spousal IRA and Immediate Roth Conversion

I'm about to open an IRA for my spouse and convert to a Roth. She does not work. I plan to make her deduction as a non-deductible contribution. When I convert her account to a Roth with Vanguard, will they close her IRA account? If not, will I be charged fees since it will have a $0 balance for a ye...
by southerndoc
Thu Jan 15, 2015 11:31 am
Forum: Personal Finance (Not Investing)
Topic: Termination of SEP-IRA for Individual 401(k)
Replies: 18
Views: 1133

Re: Termination of SEP-IRA for Individual 401(k)

I think you terminate the agreement but not close the account.

I sent Vanguard an email but haven't seen their response. When they reply I'll post it here.
by southerndoc
Wed Jan 14, 2015 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: Termination of SEP-IRA for Individual 401(k)
Replies: 18
Views: 1133

Re: Termination of SEP-IRA for Individual 401(k)

Nowhere near as hard as I thought it would be.
by southerndoc
Wed Jan 14, 2015 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: Termination of SEP-IRA for Individual 401(k)
Replies: 18
Views: 1133

Termination of SEP-IRA for Individual 401(k)

I've finally decided to open an individual 401(k). Will probably open it at Fidelity so I can transfer my Vanguard SEP into it and then take advantage of the backdoor Roth option. I have the standard 5305 SEP agreement for my SEP. I've contributed funds this year (2015) for TY2014. I have not contri...
by southerndoc
Wed Jan 14, 2015 11:17 am
Forum: Personal Finance (Not Investing)
Topic: Disability Insurance
Replies: 23
Views: 1412

Re: Disability Insurance

Thanks for the responses. Yeah, I now realize my policy is garbage. My agent (former CFP guy) dropped the ball on this policy. I specifically told him that I wanted a policy that will pay ($15K per month) if I can't perform the one surgical procedure that I specialize in. I guess I can get a differ...
by southerndoc
Wed Jan 14, 2015 3:21 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard or Somewhere Else (Solo 401k)
Replies: 13
Views: 1705

Re: Vanguard or Somewhere Else (Solo 401k)

I don't understand why Vanguard doesn't offer admiral funds in its Solo 401(k).
by southerndoc
Wed Jan 14, 2015 3:18 am
Forum: Personal Finance (Not Investing)
Topic: Disability Insurance
Replies: 23
Views: 1412

Re: Disability Insurance

You should look into an own occupation policy. My policy will pay even if I find another job in another field. If I can't work in the ER because of disability, but later decided to do a radiology residency or work in an urgent care center, then my policy still pays for disability because I can't wor...
by southerndoc
Sun Jan 11, 2015 11:29 pm
Forum: Investing - Help with Personal Investments
Topic: Withdrawing from Roth IRA *Conversions*
Replies: 9
Views: 1002

Re: Withdrawing from Roth IRA *Conversions*

I was under the impression that none of your conversions or contributions are taxed... only earnings that are withdrawn. You've already paid taxes on the conversions and contributions. I don't think you are going to be double taxed. I believe the 5-year rule, over 59 1/2, etc. is only for the 10% pe...
by southerndoc
Sat Jan 10, 2015 6:29 pm
Forum: Personal Finance (Not Investing)
Topic: HSA: Bank of America v. BenefitWallet
Replies: 11
Views: 1122

Re: HSA: Bank of America v. BenefitWallet

I forgot to mention that Benefit Wallet does give you 50 free checks. You could use them to pay large expenses. Yea, that was a plus for them. Now that I found the investment fee ($2.90/mo in addition to the $3.25/mo), BoA is cheaper. I found out that BoA has an online bill pay function. Even thoug...
by southerndoc
Sat Jan 10, 2015 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: HSA: Bank of America v. BenefitWallet
Replies: 11
Views: 1122

Re: HSA: Bank of America v. BenefitWallet

Southerndoc, what is your experience with BOA HSA? I've been looking for some anecdotes about investing with them. So far haven't had any bad experience other than taking a while to respond to communications. They do not offer any checks, so you can't pay large bills with checks. Their reimbursemen...
by southerndoc
Sat Jan 10, 2015 11:58 am
Forum: Personal Finance (Not Investing)
Topic: HSA: Bank of America v. BenefitWallet
Replies: 11
Views: 1122

Re: HSA: Bank of America v. BenefitWallet

G-Force wrote:You could always use another form of payment and reimburse yourself from your HSA if you exceed the $3000 daily limit.


True, but if BoA's limit is higher, I could just pay directly with one card and eliminate the hassle of submitting a claim.
by southerndoc
Sat Jan 10, 2015 10:36 am
Forum: Personal Finance (Not Investing)
Topic: HSA: Bank of America v. BenefitWallet
Replies: 11
Views: 1122

Re: HSA: Bank of America v. BenefitWallet

Just realized that BenefitWallet has a $3000 daily limit on transactions through their credit card.

Does anyone know what the limit is for Bank of America?

I can easily see needing to pay more than that for a hospital bill, procedure, etc.
by southerndoc
Sat Jan 10, 2015 10:05 am
Forum: Personal Finance (Not Investing)
Topic: HSA: Bank of America v. BenefitWallet
Replies: 11
Views: 1122

HSA: Bank of America v. BenefitWallet

Does anyone have any experience with BenefitWallet's (Bank of New York Mellon) HSA? My insurer (Blue Cross/Blue Shield of Georgia) has partnered with them, and when I changed my coverage this year they automatically opened an HSA with BenefitWallet. Their fee is cheaper than Bank of America ($2.90/m...

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