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Re: Trouble with HSA transfer

packet wrote:The $25 "TRUSTEE TO TRUSTEE TRANSFER FEE" was also deducted.

If you don't mind doing it only once 12 months + 1 day, doing a rollover is easier and free. See How To Rollover an HSA On Your Own and Avoid Trustee Transfer Fee.
by tfb
Mon Dec 22, 2014 10:24 am
 
Forum: Investing - Help with Personal Investments
Topic: Trouble with HSA transfer
Replies: 10
Views: 701

Re: 'Post-Tax' / Non-Deductible 401k Contributions

In this case, though, I am choosing between contributing $18,000 'pre-tax' to my 401k and contributing $18,000 'post tax' to my ROTH IRA This is just a variation of Traditional vs Roth 401k. There have been a ton of threads on this topic. Also see Wiki: https://www.bogleheads.org/wiki/Traditional_v...
by tfb
Sun Dec 21, 2014 6:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: 'Post-Tax' / Non-Deductible 401k Contributions
Replies: 15
Views: 783

Re: Turbo Tax 2014 and Sched C vs. C-EZ

You don't have to worry about all these if you don't efile. Just print out and mail. It's not the end of the world.
by tfb
Sun Dec 21, 2014 2:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Turbo Tax 2014 and Sched C vs. C-EZ
Replies: 2
Views: 306

Re: Solo 401(k) and In Plan Roth Rollover

First confirm with your plan provider whether the plan supports in-plan Roth rollover. If it does, they will do it for you and give you the necessary form (1099-R).
by tfb
Sat Dec 20, 2014 10:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: Solo 401(k) and In Plan Roth Rollover
Replies: 1
Views: 206

Re: Vanguard white papers, how are they distributed?

Most of them come from the institutional side, for example: https://institutional.vanguard.com/VGApp/iip/site/institutional/researchcommentary/researcharchivemain#filterCategory3SelectedCat=none&filterCategory2SelectedCat=Research1111&filterCategory1SelectedCat=none&filterCategory0Select...
by tfb
Sat Dec 20, 2014 7:50 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard white papers, how are they distributed?
Replies: 6
Views: 825

Re: Tax Planning for S Corp & Personal Contributions

It is my understanding I have to have all personal contributions in by the end of the year. I am afraid I may over shoot or undershoot the contributions to where I will suddenly owe more to the IRS or get a big refund that I could have contributed to the 401k. Does anyone know if any spreadsheets, ...
by tfb
Sat Dec 20, 2014 7:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tax Planning for S Corp & Personal Contributions
Replies: 5
Views: 510

Re: HTTPS (aka TLS, aka SSL) comes to bogleheads.org

If not implementing https redirect for every page, can you at least redirect the login page on the non-secure site to https?
by tfb
Sat Dec 20, 2014 5:02 pm
 
Forum: Forum Issues and Administration
Topic: HTTPS (aka TLS, aka SSL) comes to bogleheads.org
Replies: 33
Views: 3035

Re: Non-deductible Traditional IRA contributions

it may have been smarter to put this money into a taxable account instead. (I read the Wiki, among other things). Not true. You did it right, the first part of a sequence to move it into a Roth IRA. See Wiki https://www.bogleheads.org/wiki/Backdoor_Roth_IRA. Be sure to hit the external links at the...
by tfb
Sat Dec 20, 2014 3:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: Non-deductible Traditional IRA contributions
Replies: 13
Views: 633

Re: Where to find the cheapest mortgage?

i was wondering where should i get to obtain the cheapest mortgage/closing fee. It's not possible nor necessary to find the cheapest mortgage/closing fee. You won't know who's the cheapest unless you get a quote from all of them. Then their rates and fees change daily. Whoever was the cheapest on o...
by tfb
Sat Dec 20, 2014 12:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Where to find the cheapest mortgage?
Replies: 20
Views: 1946

Re: Is VG Portfolio Tool too aggressive?

After several adjustments regarding time and risk the tool continually recommends a more aggressive 4 fund portfolio. Right now my over all AA is 70/30 the tool is recommending 80/20. I was a bit suprised. It really depends on how you read and answered the questions. I'm not yet 50 and it recommend...
by tfb
Sat Dec 20, 2014 11:20 am
 
Forum: Investing - Theory, News & General
Topic: Is VG Portfolio Tool too aggressive?
Replies: 17
Views: 1192

Re: Can I convert a Roth to a Trad IRA? Should I?

Yes, I have been Googling the topic myself and it all seems to be about recharaterizing a Roth that you had converted from an IRA to begin with...so I am confused on the matter. You may find this article I wrote helpful: Traditional and Roth IRA: Recharacterize vs Convert . You can't convert a Roth...
by tfb
Sat Dec 20, 2014 10:54 am
 
Forum: Personal Finance (Not Investing)
Topic: Can I convert a Roth to a Trad IRA? Should I?
Replies: 9
Views: 741

Re: Limited-pay whole life policies

It's sort of like EE bonds: OK return if you hold a very long time, but only fixed-income-like, not equity-like. You can get tax-free income with munis. I wrote down my analysis in Whole Life Insurance vs EE Bonds vs Munis when I looked at a quote last time.
by tfb
Fri Dec 19, 2014 1:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Limited-pay whole life policies
Replies: 15
Views: 738

Re: Chat with Vanguard: robo-advisers and site enhancements

the "basic" functionality is something FutureAdvisor already does, but charges a fee for (pull in account details and offer recommendations on reallocation based on AA, and trading based on it). Not at scale, not even close, not profitable even when it charges a fee. It won't be free unle...
by tfb
Fri Dec 19, 2014 1:18 am
 
Forum: Investing - Theory, News & General
Topic: Chat with Vanguard: robo-advisers and site enhancements
Replies: 9
Views: 1362

Re: Chat with Vanguard: robo-advisers and site enhancements

I went on to explain that my needs were a bit more basic than the services provided by Betterment and Wealthfront (and others) -- as I have my own asset allocation (thanks Bogleheads wiki!) I find it to be a chore to keep my asset allocation in place with my 401k that is not held at Vanguard . I th...
by tfb
Fri Dec 19, 2014 12:59 am
 
Forum: Investing - Theory, News & General
Topic: Chat with Vanguard: robo-advisers and site enhancements
Replies: 9
Views: 1362

Re: Understanding SEP/solo 401k limits

The challenge is this: net income is defined as net profit from my consulting business minus the amount of the deductible part of the self employment tax I pay. It's not. The limits are per employer. You have two employers not in a controlled group. When calculating the contribution your 1099 emplo...
by tfb
Thu Dec 18, 2014 10:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Understanding SEP/solo 401k limits
Replies: 6
Views: 762

Re: Confused with Full Transfer TDA to VG

3. Have VG request a transfer with comments included to "liquidate" and it wouldn't cost anything (except full transfer fee of course) I asked my VGCS person and she stated that to do this transfer themselves, it would be $35 per trade and recommended using my FA. She gave you the wrong i...
by tfb
Thu Dec 18, 2014 11:38 am
 
Forum: Investing - Help with Personal Investments
Topic: Confused with Full Transfer TDA to VG
Replies: 4
Views: 477

Re: Understanding SEP/solo 401k limits

SEP and solo 401k are set up by the employer. If the partnership sets up a SEP, K-1 income would count, but the partnership is not doing a SEP here. You are the employer only for your 1099 income. You the employer can set up either a SEP or solo 401k and contribute on that 1099 income.
by tfb
Thu Dec 18, 2014 11:31 am
 
Forum: Personal Finance (Not Investing)
Topic: Understanding SEP/solo 401k limits
Replies: 6
Views: 762

Re: Seeking Advice About Self-Employed 401(K) Plan

Don't debate too long. If you want to contribute for 2014, you must open the plan by 12/31. Remember to make it effective 1/1/2014. This replaces SEP.
by tfb
Wed Dec 17, 2014 11:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: Seeking Advice About Self-Employed 401(K) Plan
Replies: 17
Views: 1090

Re: Charitable Contribution from IRA

You can either exclude the QCD from income, or deduct it as an itemized deduction. You cannot do both. No double dipping!! If you itemize anyway without the donation, doing either has the same effect. If you don't itemize without the donation, you actually double dip up to the top of the standard d...
by tfb
Wed Dec 17, 2014 1:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Charitable Contribution from IRA
Replies: 39
Views: 1370

Re: Low Income 401k/IRA Contribution Limits

I'm not sure a Solo 401k is worth the cost with so little to invest in it at this time. Then again, I don't know what it would cost. It costs about 0.1% at Vanguard (Investor shares only), nothing at Fidelity and Schwab. I'm not sure what your answer means. I was talking about the cost of running a...
by tfb
Wed Dec 17, 2014 8:30 am
 
Forum: Personal Finance (Not Investing)
Topic: Low Income 401k/IRA Contribution Limits
Replies: 12
Views: 1328

Re: Traditional IRA to 401K?

JamesSFO wrote:Won't the T-IRA affect your "mega backdoor roth" conversion proportional to the size of the T-IRA vs. the conversion?

It does not when the money goes from the plan to the Roth IRA directly.
by tfb
Tue Dec 16, 2014 11:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: Traditional IRA to 401K?
Replies: 9
Views: 584

Re: Low Income 401k/IRA Contribution Limits

retiredjg wrote:I'm not sure a Solo 401k is worth the cost with so little to invest in it at this time. Then again, I don't know what it would cost.

It costs about 0.1% at Vanguard (Investor shares only), nothing at Fidelity and Schwab.
by tfb
Tue Dec 16, 2014 10:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Low Income 401k/IRA Contribution Limits
Replies: 12
Views: 1328

Re: White Coat Investor in Forbes

gardemanger wrote:Nice article, great photo! Congrats!

+10
by tfb
Mon Dec 15, 2014 4:55 pm
 
Forum: Investing - Theory, News & General
Topic: White Coat Investor in Forbes
Replies: 37
Views: 6203

Re: 100% equities - my reasoning

The description doesn't seem to indicate so. It would be quite unusual for such a graph, displaying annual returns, to mix in an annualized average. I remember we had a long thread about whether Vanguard meant arithmetic or annualized when it said "average annual." http://www.bogleheads.o...
by tfb
Sun Dec 14, 2014 11:20 pm
 
Forum: Investing - Theory, News & General
Topic: 100% equities - my reasoning
Replies: 91
Views: 5929

Re: 100% equities - my reasoning

nisiprius wrote:You don't need to stop at 100%. You can open a margin account and use leverage.

There is a difference. You can't have margin in a retirement account. Going from 100% to 110% also subjects you to margin calls. Going from 90% to 100% does not.
by tfb
Sun Dec 14, 2014 11:11 pm
 
Forum: Investing - Theory, News & General
Topic: 100% equities - my reasoning
Replies: 91
Views: 5929

Re: 100% equities - my reasoning

Yes, these numbers ignore compounding, but that includes presenting average annual returns (arithmetic average which overstates returns), instead of lower average annual ized returns (CAGR). Higher volatility leads to wider negative difference. I think those return numbers in the chart are already ...
by tfb
Sun Dec 14, 2014 11:05 pm
 
Forum: Investing - Theory, News & General
Topic: 100% equities - my reasoning
Replies: 91
Views: 5929

Re: 100% equities - my reasoning

As I have said before IF one is going to consider 100% equities they need to at least be able to meet the entrance criteria to even consider a plan. Those are: 1. 1-2 yrs. of EF 2. Rock stable job 3. Long time horizon (at least 20 yrs.) 4. No need for liquidity before that time 5. Ability to stay t...
by tfb
Sun Dec 14, 2014 7:35 pm
 
Forum: Investing - Theory, News & General
Topic: 100% equities - my reasoning
Replies: 91
Views: 5929

Re: Poll: Companies that permit after-tax non-Roth, 401k con

In my day, rolling to a Roth was not an option. When did they start allow direct rollovers to Roth IRAs (you could do rollovers from 401k to TIRA and convert but that was limited by MAGI until 2010 of course)? 2008, enacted in Pension Protection Act of 2006, but still subject to the $100k income li...
by tfb
Sun Dec 14, 2014 6:46 pm
 
Forum: Investing - Theory, News & General
Topic: Poll: Companies that permit after-tax non-Roth, 401k contrib
Replies: 23
Views: 978

Re: Mega Backdoor Roth IRA (> 5500) - Has any one done it?

Please let me know if it is prudent for me to ask my employer those questions or see any drawbacks. Asking your employer those questions won't hurt. If they say no to (1) then you can forget about this whole thing until you have a different employer. Also please let me know if link 1 completely sum...
by tfb
Sun Dec 14, 2014 3:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: AFTER-TAX NON-DEDUCTABLE 401K$ into Mega Backdoor R-IRA
Replies: 8
Views: 1000

Re: Poll: Companies that permit after-tax non-Roth, 401k con

Tamales wrote:
TradingPlaces wrote:This poll is a very good idea and extremely poorly implemented.


Short of typing in the name of every company on earth into the poll, and having a YES/NO response for each, how would you have done it?

Make two questions: one for company name and another for yes/no.
by tfb
Sun Dec 14, 2014 3:29 pm
 
Forum: Investing - Theory, News & General
Topic: Poll: Companies that permit after-tax non-Roth, 401k contrib
Replies: 23
Views: 978

Re: Wealthfront Direct Indexing Platform

stlutz wrote:I would only do it with a tax-advantaged account. Otherwise, think of what your Schedule D will look like with hundreds of individual securities.

Agree. Imagine if you want to trust but verify. Lots of audit work.
by tfb
Fri Dec 12, 2014 11:19 pm
 
Forum: Investing - Theory, News & General
Topic: Wealthfront Direct Indexing Platform
Replies: 22
Views: 2750

Re: Non-deductible IRA now for future backdoor Roth

Since I hate the idea of giving up Roth space, it occurred to me that it would be possible to make non-deductible IRA contributions for 2014 and the next couple years until I have access to a retirement plan, rollover the pre-tax IRA, and convert the non-deductible IRA to Roth. That's fine. I did t...
by tfb
Fri Dec 12, 2014 2:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: Non-deductible IRA now for future backdoor Roth
Replies: 7
Views: 826

Re: Free H&R Block tax software came in today's mail

I believe the copy in the mail requires activation where they then request $s. There are two types of CDs. As in the OP: I've gotten their CDs in the mail before but they were only a way to get the program in your hand and you had to pay to activate it, but this is actually a free version of the so...
by tfb
Thu Dec 11, 2014 2:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Free H&R Block tax software came in today's mail
Replies: 8
Views: 1348

Re: NetSpend or Mango Money in a Roth IRA?

NetSpend and MangoMoney, along with a few other prepaid cards, offer exceptionally high interest rates in their FDIC-insured saving accounts. Whatever the reason for this (not sure how they can do it, but they've done it for quite a while), it seems to be useful as a way to maintain an emergency fu...
by tfb
Thu Dec 11, 2014 10:06 am
 
Forum: Personal Finance (Not Investing)
Topic: NetSpend or Mango Money in a Roth IRA?
Replies: 5
Views: 499

Re: Traditional IRA to Roth IRA

I used a couple of calculators, both side by side, individual and combined - it all made a lot more sense to not take the deduction in the Traditional and just convert to the Roth (about $150k net advantage in 30 years for Roth). Chances are those calculators are faulty. If you are dead set on conv...
by tfb
Wed Dec 10, 2014 2:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: Traditional IRA to Roth IRA
Replies: 9
Views: 655

Re: Affordable Care Act income levels for subsidy?

The subsidy is the difference between the 2nd lowest cost Silver plan for your age and area and a formula of your income. Without the former it's not possible to pin down the subsidy amount based on income alone.
by tfb
Wed Dec 10, 2014 2:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Affordable Care Act income levels for subsidy?
Replies: 6
Views: 628

Re: Traditional IRA to Roth IRA

eloshine wrote:I understand that I'm eligible to take a tax deduction on the $5,500 for my Traditional IRA (employer does not provide a 401k or similar program)

Why not just take the deduction and keep it in traditional? You don't have to convert.
by tfb
Wed Dec 10, 2014 12:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: Traditional IRA to Roth IRA
Replies: 9
Views: 655

Re: IRS Relents! Notice 2014-54 permits Basis Isolation

Most people seem to say that an after-tax account that can't be rolled out to Roth on a regular basis is not a good idea. Do you disagree with that entirely? Or are you making an exception for "a few years" just before retirement? How many years would "a few years" be? I do. Ter...
by tfb
Tue Dec 09, 2014 11:13 am
 
Forum: Personal Finance (Not Investing)
Topic: IRS Relents! Notice 2014-54 permits Basis Isolation
Replies: 112
Views: 12962

Re: FT Article: Vanguard turns firepower on...

bru wrote:"Vanguard turns firepower on shake-up of financial advice market"

Schwab is turning its firepower back on Vanguard with a free service and a much lower minimum.
by tfb
Mon Dec 08, 2014 6:22 pm
 
Forum: Investing - Theory, News & General
Topic: FT Article: Vanguard turns firepower on...
Replies: 3
Views: 1370

Re: IRS Relents! Notice 2014-54 permits Basis Isolation

You said "a few years" - if you are investing in stocks, you might want to wait until that is a year or a couple of years, using taxable until then. If you leave the money in the after-tax account a long time, it may have a lot of earnings - which will be taxed as ordinary income when you...
by tfb
Mon Dec 08, 2014 6:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: IRS Relents! Notice 2014-54 permits Basis Isolation
Replies: 112
Views: 12962

Re: Disadvantages of not investing in bonds

I think Vanguard's Target Date Retirement Funds have the right mix especially for a younger person. I would look at those funds and mimic those allocations and ignore the daily swings in the market and Stay The Course. Charles Ellis fears many people will be too conservative and not reach their goa...
by tfb
Sun Dec 07, 2014 6:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: Disadvantages of not investing in bonds
Replies: 29
Views: 2536

Re: "Double Rollover" 401k->403b->IRA

So...If I go with option a) (roll into current employer's 403b) would I have the option of later rolling that money into an IRA while still employed with them? Or is that something that isn't governed by the IRS but is plan specific, and I need to talk to my benefits office at my employer? The answ...
by tfb
Sun Dec 07, 2014 5:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: "Double Rollover" 401k->403b->IRA
Replies: 5
Views: 665

Re: Intuit TurboTax 2014 Basic/Deluxe $0, Premier $9.99

The links weren't from an intuit partner, they were from an intuit site that obviously was not supposed to be public. The intuit site was either a page for affiliates to examine or an internal test page. http://turbotax.intuit.com/affiliate/webops24 That page starts with "Testing has teamed up...
by tfb
Sun Dec 07, 2014 5:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Intuit TurboTax 2014 Basic/Deluxe $0, Premier $9.99
Replies: 49
Views: 3895

Re: Intuit TurboTax 2014 Basic/Deluxe $0, Premier $9.99

I think the OP is posting a link obtained from from another company or perhaps saved from last years vanguard flagship offer. Now that it's obvious the link was not supposed to be accessed directly by the general public, let's talk about whether it was ethical to do so. Suppose another organization...
by tfb
Sun Dec 07, 2014 1:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Intuit TurboTax 2014 Basic/Deluxe $0, Premier $9.99
Replies: 49
Views: 3895

Re: Vanguard Gave the Only Honest Rollover Advice (In a Surv

Last winter, he called 15 financial-services firms to ask for advice on whether he ought to roll over—or transfer—the retirement money he had saved via a 401(k)-type plan in his prior job at the U.S. Labor Department to an IRA. If the question was exactly as stated, I'm surprised that the reps, inc...
by tfb
Thu Dec 04, 2014 7:49 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard Gave the Only Honest Rollover Advice (In a Survey)
Replies: 12
Views: 2035

Re: Should I rebalance often inside a Roth/401k?

Tfb, I am new to this forum but already came across a few of your comments and enjoy your information. I most often hear people say to rebalance each year or each quarter but have not heard every 2 years. Is this a theory you subscribe to or were you just sharing different schools of thought? Thank...
by tfb
Thu Dec 04, 2014 1:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I rebalance often inside a Roth/401k?
Replies: 11
Views: 570

Re: Child Tax Credit and Roth

nps wrote:Should I forget the Roth conversion for now and maybe just do it well into the future when avoiding the Child Tax Credit phase out is no longer a consideration?

I would if I'm in the same situation. Between Roth and Traditional, I have only 12% in Roth. It doesn't bother me at all.
by tfb
Thu Dec 04, 2014 12:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Child Tax Credit and Roth
Replies: 9
Views: 938

Re: Miscellaneous 401k fees

Xanadu wrote:Shouldn't they have to disclose what specifically that money is used for and how it is allocated?

They are not legally required to itemize it on your statement with payees and purposes. They already said it's allocated equally to every account. There's a summary annual report at the plan level.
by tfb
Thu Dec 04, 2014 11:38 am
 
Forum: Investing - Help with Personal Investments
Topic: Miscellaneous 401k fees
Replies: 15
Views: 1451

Re: Should I rebalance often inside a Roth/401k?

Ijim wrote:(again, other than spending personal time) what is the downside of rebalancing more frequently than each quarter?

Short-term momentum. What you sell keep going up and what you buy keep going down or not going up as much. Some said rebalance no more frequently than once every two years.
by tfb
Thu Dec 04, 2014 11:34 am
 
Forum: Investing - Help with Personal Investments
Topic: Should I rebalance often inside a Roth/401k?
Replies: 11
Views: 570

Re: myRA Beta Web Page is up and running

dbCooperAir wrote:I have not made it thru all the details yet, but on the face of it I would not mind a little more Roth space if I can get a few years worth anyway.

You are not going to get a little more Roth space. It's the same Roth space. Only the G-fund equivalent is new.
by tfb
Thu Dec 04, 2014 11:24 am
 
Forum: Investing - Theory, News & General
Topic: myRA Beta Web Page is up and running
Replies: 11
Views: 795
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