Search found 766 matches

by Anon1234
Thu Feb 08, 2018 12:24 am
Forum: Personal Finance (Not Investing)
Topic: Solo 401k basic question
Replies: 12
Views: 675

Re: Solo 401k basic question

Shows up on form 1040 line 28. then line 36. then gets subtracted from line 22 to create AGI. And that's the total contribution including both elective and 'profit-sharing' portions? Yes, both types. There is a 25% limit for non elective contributions. Here's the IRS page. https://www.irs.gov/retir...
by Anon1234
Thu Feb 08, 2018 12:12 am
Forum: Personal Finance (Not Investing)
Topic: Solo 401k basic question
Replies: 12
Views: 675

Re: Solo 401k basic question

Shows up on form 1040 line 28. then line 36. then gets subtracted from line 22 to create AGI.
by Anon1234
Wed Feb 07, 2018 9:17 pm
Forum: Personal Finance (Not Investing)
Topic: Removing personal info on internet
Replies: 10
Views: 1714

Re: Removing personal info on internet

Here's a book about it on amazon. 4.5 stars. I haven't read it but I met the author once. interesting guy.
https://www.amazon.com/Hiding-Internet- ... merReviews
by Anon1234
Fri Jan 26, 2018 10:42 am
Forum: Personal Finance (Not Investing)
Topic: How to pay extra mortgage principal?
Replies: 11
Views: 840

Re: How to pay extra mortgage principal?

I'd call your servicer and ask what the best way to pay is, you may learn something interesting in the response that helps you make the best decision. Given the options stated, I'd pay $20k via ACH, verify that everything works as planned, rinse and repeat. Since main risk stated of this approach i...
by Anon1234
Fri Jan 26, 2018 10:24 am
Forum: Investing - Theory, News & General
Topic: What to do with cash now
Replies: 27
Views: 3733

Re: What to do with cash now

But the question is where to put money now with stocks overvalued and bonds risky with rising investment rates ? I struggle with your question because it requesting a prediction based on current valuations. But for me, a boglehead, I don't believe predictions like that can be made, at least not acc...
by Anon1234
Wed Jan 24, 2018 5:31 pm
Forum: Investing - Theory, News & General
Topic: What to do with cash now
Replies: 27
Views: 3733

Re: What to do with cash now

As our mentor says "stay the course" If your IPS says 25% cash, then stay 25% cash. If it says 10% cash, then invest the other 15% in whatever the IPS says. If you don't have an IPS, you should write out your asset allocation, and sign it. Then you will have a course upon which to stay. It is very i...
by Anon1234
Wed Jan 24, 2018 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: How to pay extra mortgage principal?
Replies: 11
Views: 840

Re: How to pay extra mortgage principal?

barnaclebob wrote:
Wed Jan 24, 2018 12:48 pm
NextMil wrote:
Wed Jan 24, 2018 12:41 pm
I just pulled the google reviews on the company and they seem like a horrific company. If I were in your shoes, I might consider taking the loan to someone else and paying the $100k in the process of refinancing.
-snip-

They also might not own the loan but just service it.
This
by Anon1234
Wed Jan 24, 2018 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: How to pay extra mortgage principal?
Replies: 11
Views: 840

Re: How to pay extra mortgage principal?

NextMil wrote:
Wed Jan 24, 2018 12:41 pm
I just pulled the google reviews on the company and they seem like a horrific company. If I were in your shoes, I might consider taking the loan to someone else and paying the $100k in the process of refinancing.
My loan was sold to this servicer. I don't get a choice afaik.
by Anon1234
Wed Jan 24, 2018 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: Lost my husband's SSA account
Replies: 19
Views: 2331

Re: Lost my husband's SSA account

I suppose at this point he has to actually take action on his own behalf? I can put this on my list of things to nag him about for the next year or so. Do I have any other options? I got stuck making my own account online about a year ago. I called the phone number. After less than an hour on hold,...
by Anon1234
Wed Jan 24, 2018 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: How to pay extra mortgage principal?
Replies: 11
Views: 840

Re: How to pay extra mortgage principal?

I'd call your servicer and ask what the best way to pay is, you may learn something interesting in the response that helps you make the best decision. -snip- They said wire transfer. Strangely the wire instructions are not available on their website. They read them over the phone. Seemed odd. Anoth...
by Anon1234
Wed Jan 24, 2018 11:59 am
Forum: Personal Finance (Not Investing)
Topic: How to pay extra mortgage principal?
Replies: 11
Views: 840

How to pay extra mortgage principal?

I'd like to pay a large lump sum towards my mortgage principal, eg. $100,000. I regularly pay using my bank's bill pay service, which moves the money by ACH (electronically). My current mortgage servicer is RoundPoint Mortgage Servicing, and they get terrible reviews, so I'm worried about all the th...
by Anon1234
Sat Dec 09, 2017 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: 840 credit score Million dollar farm.. low income cannot get Heloc?
Replies: 64
Views: 5111

Re: 840 credit score Million dollar farm.. low income cannot get Heloc?

This is just another version of being house poor. He has large amounts of assets that are not income producing. That is not a farm, it is an acreage, and one that he cannot afford. If the million dollar farm is not generating at least $40 K/yr , and he does not have much else in income, he should s...
by Anon1234
Thu Dec 07, 2017 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: What happens to my HSA in 2018?
Replies: 3
Views: 481

Re: What happens to my HSA in 2018?

Yes, you can. Many of us invest the funds to let them grow and be spent in decades to come.
by Anon1234
Thu Dec 07, 2017 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: Is a solo-401k worth it?
Replies: 13
Views: 1935

Re: Is a solo-401k worth it?

You are worried about creating tax headaches and then you want to "roll your own" one-participant 401k? Even with a plan supporting employee after-tax contributions, you would only have $1,776 in employer contributions and $8,879 - $1,776 = $7,103 in employee after-tax contributions. It does not ma...
by Anon1234
Wed Nov 22, 2017 11:23 am
Forum: Personal Finance (Not Investing)
Topic: Any need for professional tax preparer?
Replies: 14
Views: 1664

Re: Any need for professional tax preparer?

In my experience, accountants are less helpful at tax planning than the advice here at bogleheads. But accountants can help you execute ideas you get here. If I were you, I would post your particulars here and see if anyone has ideas. The low income years you have before SS and RMDs, (roughly 2017-2...
by Anon1234
Wed Nov 22, 2017 10:52 am
Forum: Personal Finance (Not Investing)
Topic: Which HDHP (high deductible health plan) would you choose?
Replies: 5
Views: 520

Re: Which HDHP (high deductible health plan) would you choose?

you will not reach the deductible, even for plan 2. I guess you could argue that since your OOP is getting close, there is a better probability of payback for plan 2. I think that is the wrong way to analyze. If you have sufficient funds to pay the $12,000 family out of pocket, go for plan 1. Save t...
by Anon1234
Wed Nov 22, 2017 10:46 am
Forum: Personal Consumer Issues
Topic: Best Basic DESKTOP?
Replies: 77
Views: 6339

Re: Best Basic DESKTOP?

I thought this conversation was actually going to be about desktops. glass, laminate, leather, wood, stone. size, shape.
by Anon1234
Wed Nov 22, 2017 10:23 am
Forum: Personal Finance (Not Investing)
Topic: Should my parents convert to a Roth IRA
Replies: 8
Views: 736

Re: Should my parents convert to a Roth IRA

I don't want to derail your question, but I'm wondering if a SPIA should be considered in addition to the roth conversions. Life SPIAs for an 80 y/o female can pay up to 10% per immediateannuities.com. 18% if she buys a single premium deferred life annuity for age 85. Another alternative would be to...
by Anon1234
Wed Nov 22, 2017 9:51 am
Forum: Personal Finance (Not Investing)
Topic: Should my parents convert to a Roth IRA
Replies: 8
Views: 736

Re: Should my parents convert to a Roth IRA

Hi artgerst,
I see a portfolio of 1.05M, and life insurance of $300k, total 1.35M. How much are they spending annually? I'm worried about your mother if she must live without your father's pension income. It's hard to think about legacy/bequests if the withdrawal rate could be 8-10%.
by Anon1234
Wed Nov 22, 2017 9:37 am
Forum: Personal Finance (Not Investing)
Topic: Refinance to 15-Year Fixed or Not?
Replies: 10
Views: 742

Re: Refinance to 15-Year Fixed or Not?

Hi KaskadeForever, Welcome to Bogleheads. I think you are going in the right direction. While the 0.3% reduction now doesn't seem like much, 5+ years from now it could be a great deal because your adjustable rate could go up. I also agree that it will take about 6 years to pay back if the 30 year lo...
by Anon1234
Wed Nov 22, 2017 9:19 am
Forum: Personal Finance (Not Investing)
Topic: Is a solo-401k worth it?
Replies: 13
Views: 1935

Re: Is a solo-401k worth it?

Thanks for both replies. You have to answer two questions first. Will your 2017 primary W-2 wages be >= $127,200? What 2017 employee deferrals will you make? yes, above 127,200. I have already contributed $18,000 to a 401k in 2017. I would like to try the solo-401k, so that I have a place to roll 40...
by Anon1234
Mon Nov 20, 2017 6:39 pm
Forum: Personal Finance (Not Investing)
Topic: Is a solo-401k worth it?
Replies: 13
Views: 1935

Is a solo-401k worth it?

This year I have about 9000 in side job earnings. It's all from labor, so all profit, and all taxable. I was considering opening a solo-401k to tax shelter as much as possible. I don't have any plans to have additional side income in future years. I use the backdoor roth each year, so neither a SEP,...
by Anon1234
Mon May 15, 2017 10:37 am
Forum: Investing - Theory, News & General
Topic: LifeStrategy Conservative Fund or its 4 fund equivalent
Replies: 9
Views: 1487

Re: LifeStrategy Conservative Fund or its 4 fund equivalent

CWRadio wrote:Thank you all.
One last question:
If I had to take RMD would it make more sense to do it at the beginning, end of year or monthly from either of the 2 portfolios? Paul
Technically speaking the longer time invested the higher your expected return. But some years it will hurt and some will help.
by Anon1234
Mon May 15, 2017 10:32 am
Forum: Investing - Help with Personal Investments
Topic: Wife going back to work! Where to invest this extra income?
Replies: 7
Views: 1759

Re: Wife going back to work! Where to invest this extra income?

I will research the back door Roths (seems a little confusing for a novice like myself) and rolling over my SEP. Here's a guide that should help. You're right that this is a little more complex strategy, but you got through med school so I believe you can do it. Work on it and post here if you get ...
by Anon1234
Sun May 14, 2017 2:06 pm
Forum: Investing - Help with Personal Investments
Topic: Wife going back to work! Where to invest this extra income?
Replies: 7
Views: 1759

Re: Wife going back to work! Where to invest this extra income?

Hi tomalf123, Welcome to bogleheads. It seems like you have a good grasp on your finances. I have a few things. The 457(b). Is that a non-governmental 457? The concern being your "deferred compensation" funds are subject to loss in the case of employer bankruptcy (but not if it's a governmental 457)...
by Anon1234
Sun May 14, 2017 1:35 pm
Forum: Investing - Theory, News & General
Topic: LifeStrategy Conservative Fund or its 4 fund equivalent
Replies: 9
Views: 1487

Re: LifeStrategy Conservative Fund or its 4 fund equivalent

Someone could probably answer your question with a back tester, but the answer is largely irrelevant. The fund does not rebalance annually, so you are essentially comparing reblancing strategies. I don't think you intended to start a theory thread on "best rebalancing strategy." Also note: the total...
by Anon1234
Sun May 14, 2017 1:14 pm
Forum: Investing - Help with Personal Investments
Topic: High proportion of "post-tax assets" in REITs?
Replies: 9
Views: 755

Re: High proportion of "post-tax assets" in REITs?

I guess it's personal. If you like REITs and you might want to get back up to 6% if your employer (or your employer's plan) changes in the future then I would be fine with deciding to hedge my risk by cutting back for now but not selling entirely. OTOH if you decide you'd rather not deal with a sma...
by Anon1234
Fri May 12, 2017 12:43 pm
Forum: Investing - Help with Personal Investments
Topic: High proportion of "post-tax assets" in REITs?
Replies: 9
Views: 755

Re: High proportion of "post-tax assets" in REITs?

^If my asset allocation called for that, then I would be OK with that. When I wrote my asset allocation it was not a concern. Now it is. This is a tax management and risk management issue, so it meets my criteria for possible change to desired asset alloction. I am leaning toward eliminating my REI...
by Anon1234
Fri May 12, 2017 12:33 pm
Forum: Investing - Help with Personal Investments
Topic: High proportion of "post-tax assets" in REITs?
Replies: 9
Views: 755

Re: High ACCOUNT proportions in REITs?

livesoft wrote:I would have no problems with a VNQ being 100% of one of my Roth IRAs or other account.
what if it were 100% of all your roth money?
by Anon1234
Fri May 12, 2017 12:31 pm
Forum: Investing - Help with Personal Investments
Topic: High proportion of "post-tax assets" in REITs?
Replies: 9
Views: 755

Re: High ACCOUNT proportions in REITs?

I have a few accounts that have only one single investment in them. Yep, there are some accounts with 100% VFSVX in them and some with only VBTLX in them. I don't worry too much about having a perfect asset allocation. My title is bad. It's not just an "account" concern. Suggestion for a better tit...
by Anon1234
Fri May 12, 2017 12:25 pm
Forum: Investing - Help with Personal Investments
Topic: High proportion of "post-tax assets" in REITs?
Replies: 9
Views: 755

Re: High ACCOUNT proportions in REITs?

livesoft wrote:I am not sure what's going on here. Your old 401(k) could be rolled over to an IRA where buying/selling VNQ (or any other Vanguard investment) would cost you $0 in extra fees.
Thanks, but that would prevent me from doing a backdoor roth.
by Anon1234
Fri May 12, 2017 12:22 pm
Forum: Investing - Help with Personal Investments
Topic: High proportion of "post-tax assets" in REITs?
Replies: 9
Views: 755

High proportion of "post-tax assets" in REITs?

Bogleheads, I'd like your advice on potentially changing to my allocation to REITs. I've followed a boglehead style investing strategy since late 2010. I have a fixed 75/25 allocation with 6.5% (of portfolio) in REITs. My REITs are held in tax sheltered accounts; Roth, HSA and a 401K. I am paying $8...
by Anon1234
Mon Mar 27, 2017 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: So someone drained $13k from my checking account...
Replies: 144
Views: 26246

Re: So someone drained $13k from my checking account...

Solution: Use a savings account that does not allow ACH transactions at all (not deposits, not withdrawals, and not checks). I confirmed this with an ACH attempt from my Wells acount to the non-ACH account (not at wells). It was denied. Note: I do use ACH (and checks) from the wells account, so it w...
by Anon1234
Fri Jan 22, 2016 1:23 am
Forum: Personal Consumer Issues
Topic: What was your biggest unexpected home expense?
Replies: 87
Views: 11128

Re: What was your biggest unexpected home expense?

$14,000 worth of RamJack piers when one of my walls started sinking. 2008 dollars. The house was 24 years old when the wall started sinking. Insurance wouldn't cover earth movement.
by Anon1234
Mon Jan 18, 2016 12:27 am
Forum: Personal Finance (Not Investing)
Topic: Megacorp using Master Trust, High fee 401k plan. Why?
Replies: 20
Views: 1563

Re: Megacorp using Master Trust, High fee 401k plan. Why?

2. I suspect your plan has "safe harbor" in the name to indicate that you get a "safe harbor" matching contribution that eliminates one of the major non-discrimination tests for HCEs. If you get either at least a 3% employer contribution or a 4% match and they immediately vest, it's almost a certai...
by Anon1234
Sun Jan 17, 2016 10:08 pm
Forum: Personal Finance (Not Investing)
Topic: Megacorp using Master Trust, High fee 401k plan. Why?
Replies: 20
Views: 1563

Re: Megacorp using Master Trust, High fee 401k plan. Why?

And that amount is flat for everyone, both in your division's plan and in the parent corp? In the fee disclosure for my plan, they state that it applies to everyone with a balance above $2500. The fee information I have about the corporate plan is two parts. first, brightscope says "Lowest Fees." S...
by Anon1234
Sun Jan 17, 2016 9:23 pm
Forum: Personal Finance (Not Investing)
Topic: Megacorp using Master Trust, High fee 401k plan. Why?
Replies: 20
Views: 1563

Re: Megacorp using Master Trust, High fee 401k plan. Why?

Where do you see the $700 per year per participant number? If you are calculating off the number in the Summary Annual Report, the "plan expenses" there include benefits paid to participants such as outgoing rollovers, which aren't fees, and aren't expenses in the normal sense. They take $171.75 wo...
by Anon1234
Sun Jan 17, 2016 7:56 pm
Forum: Personal Finance (Not Investing)
Topic: Megacorp using Master Trust, High fee 401k plan. Why?
Replies: 20
Views: 1563

Re: Megacorp using Master Trust, High fee 401k plan. Why?

You may be onto something. "Safe Harbor 401k Plan" appears in the title of the plan which is usually used by plans with limited employees. Fewer employees may mean fixed higher expenses, which, if most of the people have large account balances, may not mater much to them. I was hoping TFB or ERISA ...
by Anon1234
Sun Jan 17, 2016 7:29 pm
Forum: Personal Finance (Not Investing)
Topic: Megacorp using Master Trust, High fee 401k plan. Why?
Replies: 20
Views: 1563

Re: Megacorp using Master Trust, High fee 401k plan. Why?

If all you have are stats for the entire Master Trust then you should focus on the one for "OLD NAVY", i.e. how many participants and how many assets. It may have many small accounts with lots of turnover of participants so get charged more to cover those costs. Neither Brightscope or DOL have "OLD...
by Anon1234
Sun Jan 17, 2016 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: Megacorp using Master Trust, High fee 401k plan. Why?
Replies: 20
Views: 1563

Re: Megacorp using Master Trust, High fee 401k plan. Why?

A master trust agreement is used to obtain the greatest cost efficiency by incorporating all of the individual participant accounts under one trust vehicle and using those participants assets to negotiate the lowest fees from custodian, asset management companies, administrative expenses. Given wha...
by Anon1234
Sun Jan 17, 2016 5:43 pm
Forum: Personal Finance (Not Investing)
Topic: Megacorp using Master Trust, High fee 401k plan. Why?
Replies: 20
Views: 1563

Re: Megacorp using Master Trust, High fee 401k plan. Why?

Master trust is the pension fund structure. A master trust is a defined benefit plan. You are not providing enough details on the plan structure to give you a better answer. Approach your benefits department/administrator for a copy of the annual fee disclosure and plan details. Then update your po...
by Anon1234
Sun Jan 17, 2016 5:30 pm
Forum: Personal Finance (Not Investing)
Topic: Megacorp using Master Trust, High fee 401k plan. Why?
Replies: 20
Views: 1563

Re: Megacorp using Master Trust, High fee 401k plan. Why?

The costs charged per plan are affected by many cost variables; assets under custody, securities lending revenues have narrowed over time reducing cost offset, relationship with plan administrator may affect level of plan charges. As you say $2bn in assets is not that large for a mega Corp. A typic...
by Anon1234
Sun Jan 17, 2016 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: Megacorp using Master Trust, High fee 401k plan. Why?
Replies: 20
Views: 1563

Re: Megacorp using Master Trust, High fee 401k plan. Why?

Megacorp where I have my plan is/was a company of about 100,000 employees but has $20B in the plan, more or less. I understand the plan costs are about 0.15% which is about $300/person. Your plan wants $700/person times 70,000 or $49M which is about 2.5%. So the cost per person is about double but ...
by Anon1234
Sun Jan 17, 2016 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: Megacorp using Master Trust, High fee 401k plan. Why?
Replies: 20
Views: 1563

Megacorp using Master Trust, High fee 401k plan. Why?

Sorry for the confusing title, I couldn't think of a more clear but still succinct title. Background: I work for a very large US employer with over 100,000 US employees. But my 401k plan has very high fixed fees, almost $700 per year per participant. Funds ERs are low, less than or equal to vanguard...
by Anon1234
Sun Jan 17, 2016 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: W4 question: is 12 allowances OK?
Replies: 10
Views: 6859

Re: W4 question: is 12 allowances OK?

All - Thanks for you input. I got it done. I went through the forms. As it turns out, after PEASE I only needed 7 extra allowances (9 total). Hopefully that avoids the "dreaded lock-in letter" :shock: The thought of interacting with the IRS every year and waiting for a response ... fills me with dre...
by Anon1234
Sun Jan 17, 2016 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: W4 question: is 12 allowances OK?
Replies: 10
Views: 6859

Re: W4 question: is 12 exemptions OK?

abuss368 wrote:Hi Anon1234,

Read the instructions for the Form W-4. Many years ago I recall that any exemptions over 10 required a letter to the IRS. I am unsure if this has changed over the years.

Best.

Thanks abuss368. I will read it thoroughly.
by Anon1234
Sun Jan 17, 2016 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: W4 question: is 12 allowances OK?
Replies: 10
Views: 6859

Re: W4 question: is 12 exemptions OK?

HueyLD wrote:Fill out Form W-4, especially page 2.

https://www.irs.gov/pub/irs-pdf/fw4.pdf
Thank you.

My employer has online W4s, but only the page 1 part. I figured there would be some IRS guidance, but didn't know it was so simple as W4, page 2.
by Anon1234
Sun Jan 17, 2016 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: W4 question: is 12 allowances OK?
Replies: 10
Views: 6859

W4 question: is 12 allowances OK?

In 2015 my W2 withholdings were just right, they came in at about 99.5% of tax due. I used the standard deduction and I owe a small amount; the withholdings covered the taxes due on my non W2 income, eg interest income, taxable investment dividends, etc. In 2016 I expect to have about the same incom...
by Anon1234
Thu Nov 19, 2015 12:39 pm
Forum: Personal Consumer Issues
Topic: Are Subarus reliable?
Replies: 81
Views: 21144

Re: Are Subarus reliable?

Can someone speak more to the viability of extrapolating long-term reliability data from the first year of product usage? Even if it's hard data, based on repair statistics, rather than user surveys, and even if it's based on a full 12 months of repair reports, which is a bit of a stretch when you ...