Search found 60 matches

by Coolstavi
Sat Apr 22, 2017 9:46 pm
Forum: Personal Finance (Not Investing)
Topic: K-1 Distributions of Dividends
Replies: 13
Views: 858

Re: K-1 Distributions of Dividends

Thanks for the input. I looked on my 1040 and saw we paid 4% in taxes (for the dividends plus interest income) of the total trust distribution for the year. Clearing up the AGI vs the actual taxes paid was helpful in me understanding this better.
by Coolstavi
Sat Apr 22, 2017 8:40 am
Forum: Personal Finance (Not Investing)
Topic: K-1 Distributions of Dividends
Replies: 13
Views: 858

Re: K-1 Distributions of Dividends

This is why I am confused if $94 of the dividends are qualified, shouldn't only $6 be the number in my gross income? Why do you think the qualified portion of the dividends should be excluded from your gross income? If I am in the 15% tax bracket, shouldn't the qualified portion of the dividends be...
by Coolstavi
Sat Apr 22, 2017 8:31 am
Forum: Personal Finance (Not Investing)
Topic: K-1 Distributions of Dividends
Replies: 13
Views: 858

Re: K-1 Distributions of Dividends

As pshonore has said, the qualified dividends are a subset of the total dividends. Qualified dividends plus non-qualified dividends = total dividends Here is an example: Your trust owns a stock fund that pays $100 in dividends, but only 94% of those dividends are qualified. The trust passes the inc...
by Coolstavi
Fri Apr 21, 2017 6:28 pm
Forum: Personal Finance (Not Investing)
Topic: K-1 Distributions of Dividends
Replies: 13
Views: 858

Re: K-1 Distributions of Dividends

The info on the K1 is input to a regular tax return using Form 1040. The Dividends/capital Gains worksheet is part of that return. Ok so on my 1040 it still says the same thing just in 9a and 9b. So how can there be ordinary and qualified dividends for almost the same amount (The ordinary is $6 mor...
by Coolstavi
Fri Apr 21, 2017 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: K-1 Distributions of Dividends
Replies: 13
Views: 858

Re: K-1 Distributions of Dividends

What kind of a K1?? Trust, Partnership, S-Corp? Partnership dividends (the normal investment type) usually show up in 6a and 6b so its probably not one of those. Generally, dividends passed through are taxed at your rate and if you're in the 15% bracket, there should be no tax if they're qualiifed....
by Coolstavi
Fri Apr 21, 2017 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: K-1 Distributions of Dividends
Replies: 13
Views: 858

Re: K-1 Distributions of Dividends

Probably because all the ordinary dividends were considered to be qualified. Qualified dividends are a subset. Normally a small percentage is not due to holding period, foreign origin, etc. Your tax software will figure it out If that is the case, why would I have to pay income tax on it since I am...
by Coolstavi
Fri Apr 21, 2017 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: K-1 Distributions of Dividends
Replies: 13
Views: 858

K-1 Distributions of Dividends

Ok so I am curious why box 2a and 2b in the K-1 form I received are nearly identical? Why would I have the same amount of ordinary dividends and qualified dividends?
by Coolstavi
Fri Apr 21, 2017 7:36 am
Forum: Personal Consumer Issues
Topic: Building your own fence
Replies: 35
Views: 2433

Re: Building your own fence

Thanks for all the replies. We are going to go with vinyl instead of wood since I don't want to deal with staining and rotting. Since we are saving money and don't have a huge yard, I think it's worth it. We plan to live at this place for 10-15 years more at least. Renting a machine to dig the holes...
by Coolstavi
Thu Apr 20, 2017 8:04 pm
Forum: Personal Consumer Issues
Topic: Building your own fence
Replies: 35
Views: 2433

Building your own fence

Hello, Has anyone had experience building a fence for their yard? Did you think it was worth it to do yourself or did you wish you had a professional doing it? I have myself, my dad, brother-in-law and father-in-law to help. They are all very handy and have done many building projects themselves. I ...
by Coolstavi
Mon Mar 06, 2017 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 1442
Views: 208709

Re: What's Your Credit Card Rewards Strategy?

Quick question on what option you would choose. I only have one chase credit card left as I am at 4/24 right now. I have 53,000 southwest miles. Would you do the 100,000 CSR reward or try for the Southwest 60k business card bonus and get the Companion Pass? Not sure how likely I am to get the busin...
by Coolstavi
Mon Mar 06, 2017 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 1442
Views: 208709

Re: What's Your Credit Card Rewards Strategy?

Quick question on what option you would choose. I only have one chase credit card left as I am at 4/24 right now. I have 53,000 southwest miles. Would you do the 100,000 CSR reward or try for the Southwest 60k business card bonus and get the Companion Pass? Not sure how likely I am to get the busine...
by Coolstavi
Thu Feb 23, 2017 7:04 pm
Forum: Investing - Help with Personal Investments
Topic: How is my Boglehead Progress going??
Replies: 6
Views: 947

Re: How is my Boglehead Progress going??

4. Now I am starting to get antsy at work because I have put the ER carrot way too much in focus. What do you do about that while still gaining investing knowledge? My savings rate is now around 50-60% I'm not sure what you are antsy about. Can you expand on that a bit? I don't love or hate my job,...
by Coolstavi
Wed Feb 22, 2017 9:16 pm
Forum: Investing - Help with Personal Investments
Topic: How is my Boglehead Progress going??
Replies: 6
Views: 947

Re: How is my Boglehead Progress going??

Mods, can this be moved to 'Help with Personal Investments' forum. I mistakenly posted in the wrong forum.

Thanks.
by Coolstavi
Wed Feb 22, 2017 9:11 pm
Forum: Investing - Help with Personal Investments
Topic: How is my Boglehead Progress going??
Replies: 6
Views: 947

How is my Boglehead Progress going??

Hello! I spend way too much time on this site but I have learned so much over the past 6 months. I would love it if people could look over the progress I am making and see if there is anything I am overlooking, mistakes I am potentially making or something that could be improved. I am also intereste...
by Coolstavi
Thu Feb 02, 2017 9:50 pm
Forum: Personal Finance (Not Investing)
Topic: Just got the Chase Sapphire Reserve Card
Replies: 3
Views: 555

Just got the Chase Sapphire Reserve Card

I have a question though... I have read from some that the travel reimbursement happens on the next statement. I asked the banker when the travel reimbursement would happen and he said at the end of the year. Is that true? Or is this something they have to say so you can't game the system (get a tra...
by Coolstavi
Tue Jan 03, 2017 9:19 pm
Forum: Investing - Help with Personal Investments
Topic: Lincoln Investments "Participant Directed Platform"
Replies: 32
Views: 3403

Re: Lincoln Investments "Participant Directed Platform"

Coolstavi, did you just pick your Admiral funds from the Lincoln website's opening page --->Prospectuses? Maybe there's been some changes since A440 signed up? I just went to the prospectus for Vanguard on the Lincoln site and picked the standard 3 portfolio admiral shares. They allowed me to go wi...
by Coolstavi
Fri Dec 23, 2016 10:34 am
Forum: Personal Finance (Not Investing)
Topic: Credit Card plans and thoughts?
Replies: 10
Views: 1210

Re: Credit Card plans and thoughts?

I think I will hold off on the Reserve til at least March or April when I start doing more heavy spending. This way I can also get the travel credit for 2017 and 2018. I was thinking of opening a Chase Sapphire Preferred first and then opening the Reserve down the road. Does this make sense? Or shou...
by Coolstavi
Wed Dec 21, 2016 8:05 pm
Forum: Investing - Help with Personal Investments
Topic: Lincoln Investments "Participant Directed Platform"
Replies: 32
Views: 3403

Re: Lincoln Investments "Participant Directed Platform"

I can't find anything on the internet when I do a search. Talked to a guy on the phone about my account and he had never seen someone with it before. It works and receives money though. I just went with a simple three fund portfolio and picked the Admiral Shares version on my application. I'd be wil...
by Coolstavi
Wed Dec 21, 2016 5:24 pm
Forum: Investing - Help with Personal Investments
Topic: Lincoln Investments "Participant Directed Platform"
Replies: 32
Views: 3403

Re: Lincoln Investments "Participant Directed Platform"

Coolstavi, that's great to hear! What state are you in--NJ like A440? No union involvement? Were the funds the same as those of Lincoln's Retirement Solutions Premier? All Vanguard Investor class but with no 0.90% Mgt/Wrap fee? https://www.403bcompare.com/Employee/SubProducts/FundingOptions/Funding...
by Coolstavi
Wed Dec 21, 2016 1:18 pm
Forum: Investing - Help with Personal Investments
Topic: Lincoln Investments "Participant Directed Platform"
Replies: 32
Views: 3403

Re: Lincoln Investments "Participant Directed Platform"

I successfully enrolled in the 457b plan that is offered. There is also a 403b option that is the same. My first couple of paychecks have been successfully placed into this account. For others interested, you will need to call Lincoln Investments directly and they will email you a PDF with the appli...
by Coolstavi
Sun Dec 18, 2016 10:41 am
Forum: Personal Finance (Not Investing)
Topic: Credit Card plans and thoughts?
Replies: 10
Views: 1210

Credit Card plans and thoughts?

Hello all, looking for some opinions or suggestions on my plans for credit cards. I am trying to earn some extra cash for free since I basically put everything on a credit card and pay it off right away. Currently, the only card I have is the Chase Freedom card. After some research, I am looking int...
by Coolstavi
Tue Nov 29, 2016 11:12 pm
Forum: Personal Finance (Not Investing)
Topic: ACA Income Confirmation
Replies: 8
Views: 802

Re: ACA Income Confirmation

The family cost has nothing to do with the 9.6% affordability provision, it is based on the employee-only cost of coverage. If the coverage is considered affordable to the employee, that makes the rest of the family ineligible for a subsidy from the individual exchange market. See the "family ...
by Coolstavi
Tue Nov 29, 2016 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: ACA Income Confirmation
Replies: 8
Views: 802

Re: ACA Income Confirmation

So maybe I should send in some of my latest paychecks showing I am putting half of my gross income into the 403b and half into the 457b and address the other income?
by Coolstavi
Tue Nov 29, 2016 5:33 pm
Forum: Personal Finance (Not Investing)
Topic: ACA Income Confirmation
Replies: 8
Views: 802

ACA Income Confirmation

I just signed my wife and son up on the marketplace for health insurance and got a decent rate. My work place does offer health insurance for my family but the cost would be 1000 additional per month which would put me way ahead of the 9.6% part of my income. Everything is close to being finalized e...
by Coolstavi
Mon Nov 21, 2016 8:58 pm
Forum: Investing - Help with Personal Investments
Topic: Schedule K-1 form Question
Replies: 1
Views: 275

Schedule K-1 form Question

Hello, I am trying to plan taxes for next year. My plan at the moment is to put most of my salary into tax sheltered 403b and 457b plans. I then use the trust money to live off of. Since I will be in the 15% tax bracket, will I have any sort of income to report? At this point on the Schedule k-1 I g...
by Coolstavi
Fri Nov 04, 2016 6:05 pm
Forum: Investing - Theory, News & General
Topic: Preference for when to Asset Allocate?
Replies: 3
Views: 431

Re: Preference for when to Asset Allocate?

livesoft wrote:
2retire wrote:
Presumably the OP is asking about a tax-advantaged account that would not be killed on taxes if rebalanced often.


Correct.
by Coolstavi
Fri Nov 04, 2016 4:33 pm
Forum: Investing - Theory, News & General
Topic: Preference for when to Asset Allocate?
Replies: 3
Views: 431

Preference for when to Asset Allocate?

I have the option to reallocate monthly, quarterly or yearly. I currently set it to monthly. Is there any advantage/disadvantages when picking when to set the reallocation?
by Coolstavi
Fri Nov 04, 2016 9:34 am
Forum: Personal Finance (Not Investing)
Topic: Great 403b for teachers?
Replies: 102
Views: 12391

Re: Great 403b for teachers?

Hey all, I enrolled online in the NEA Direct Invest program through Security Benefit 3 weeks ago. It is finally all set-up today. I will need to wait to see if they deposit my next paycheck correctly into the new account. I have previously had a 403b with them so I already had an online log-in set u...
by Coolstavi
Sat Oct 29, 2016 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: Health Insurance opinions needed
Replies: 4
Views: 561

Re: Health Insurance opinions needed

My understanding: - Employer has to provide affordable insurance that covers you and your dependents. Affordable means less that 9.5% of your salary. For this purpose, your spouse is not a dependent. If the employer doesn't do this, they have to pay a fine, er...a fee to the government. This does n...
by Coolstavi
Sat Oct 29, 2016 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: Health Insurance opinions needed
Replies: 4
Views: 561

Health Insurance opinions needed

Hello, I really don't know a ton about health care and tax credits. I have been trying to look online and use the healthcare.gov site but I remain confused. Talked with our insurance agent as well and he said we may qualify, but we may also not qualify since my wife and son can get health insurance ...
by Coolstavi
Fri Oct 28, 2016 3:54 pm
Forum: Investing - Help with Personal Investments
Topic: Ready to take control of my own investing.
Replies: 42
Views: 4021

Re: Ready to take control of my own investing.

UPDATE: My current Security Benefit online account has been updated with the new Direct-Invest Registered account. I now have two plans showing since I was previously enrolled in the SFR program they offer. It took about 2.5 weeks for this to update from the time I filled the application out online....
by Coolstavi
Thu Oct 27, 2016 3:13 pm
Forum: Investing - Help with Personal Investments
Topic: Lincoln Investments 403b Participant Direct Platform
Replies: 0
Views: 1784

Lincoln Investments 403b Participant Direct Platform

Hello all, So many of you have been helpful in my quest to find a good 403b plan. I have seen some people talking about the Lincoln Investments Participant Direct Platform. Called them today and they sent me an application. They have all the Vanguard products that I am interested in. I have a questi...
by Coolstavi
Wed Oct 26, 2016 6:21 pm
Forum: Investing - Help with Personal Investments
Topic: Lincoln Investments "Participant Directed Platform"
Replies: 32
Views: 3403

Re: Lincoln Investments "Participant Directed Platform"

UPDATE: So I completed a one year "test-drive" and the only fees (other than the Vanguard ER) was a $35 annual custodial fee. I decided to move my other employer 403(b)7 to this account, and will update again if any new fees get posted. How did you get this set up? Did you contact Lincoln...
by Coolstavi
Tue Oct 25, 2016 7:45 pm
Forum: Investing - Help with Personal Investments
Topic: 457b plan for Illinois teachers
Replies: 10
Views: 859

Re: 457b plan for Illinois teachers

It's not by state; it's by district. Some do and some don't, and the providers vary. You might be able to find information by looking at the TSA Consulting site here ; they handle a lot of Illinois districts. Ok. That's what I was afraid of. Was hoping I overlooked something. I just have Security ...
by Coolstavi
Tue Oct 25, 2016 2:19 pm
Forum: Investing - Help with Personal Investments
Topic: 457b plan for Illinois teachers
Replies: 10
Views: 859

457b plan for Illinois teachers

Does anyone know if the state of Illinois has a 457b plan that teachers can enroll in? I went to the illinois.gov site but can't really tell if it applies to teachers.
by Coolstavi
Mon Oct 24, 2016 7:54 am
Forum: Investing - Theory, News & General
Topic: NY Times first in a series about 403(b)s with public K-12
Replies: 121
Views: 13939

Re: NY Times first in a series about 403(b)s with public K-12

I tried opening a Vanguard 403b but my third party administrator wouldn't allow it. So that may not work for everyone. My district doesn't have any low cost alternatives (assuming this Security Benefit NEA Direct Invest doesn't work). Coolstavi, it's only been 11 days since you submitted your appli...
by Coolstavi
Mon Oct 24, 2016 7:39 am
Forum: Investing - Theory, News & General
Topic: NY Times first in a series about 403(b)s with public K-12
Replies: 121
Views: 13939

Re: NY Times first in a series about 403(b)s with public K-12

I tried opening a Vanguard 403b but my third party administrator wouldn't allow it. So that may not work for everyone. My district doesn't have any low cost alternatives (assuming this Security Benefit NEA Direct Invest doesn't work). Coolstavi, it's only been 11 days since you submitted your appli...
by Coolstavi
Sun Oct 23, 2016 8:44 pm
Forum: Investing - Theory, News & General
Topic: NY Times first in a series about 403(b)s with public K-12
Replies: 121
Views: 13939

Re: NY Times first in a series about 403(b)s with public K-12

Can anyone else weigh in on this? Some success and some failure in simply having the salary reduction agreement appropriately filed by payroll. Is there more to it than that? I didn't actually try to fill out the salary form. Called my TPA and also said something to payroll. District said the same ...
by Coolstavi
Sun Oct 23, 2016 4:15 pm
Forum: Investing - Theory, News & General
Topic: NY Times first in a series about 403(b)s with public K-12
Replies: 121
Views: 13939

Re: NY Times first in a series about 403(b)s with public K-12

texasdiver wrote:
Which state?


Live in Illinois.
by Coolstavi
Sun Oct 23, 2016 3:25 pm
Forum: Investing - Theory, News & General
Topic: NY Times first in a series about 403(b)s with public K-12
Replies: 121
Views: 13939

Re: NY Times first in a series about 403(b)s with public K-12

In Texas both Vanguard and Fidelity are available for teachers to use as self-administered 403(b) plans. I used Vanguard and there were no fees whatsoever. The only minor cost was that Admiral Shares were unavailable. So the only cost to me of my Vanguard school district 403(b) plan was the differe...
by Coolstavi
Sun Oct 23, 2016 12:16 pm
Forum: Investing - Theory, News & General
Topic: NY Times first in a series about 403(b)s with public K-12
Replies: 121
Views: 13939

Re: NY Times first in a series about 403(b)s with public K-12

Keep us updated with these articles. I talked to my union president the other day and he is completely clueless about the retirement plans. Sad how little most teachers know about this. Filled an application out for the NEA Direct Invest a week and a half ago. It still hasn't been processed. But hop...
by Coolstavi
Mon Oct 17, 2016 1:49 pm
Forum: Investing - Help with Personal Investments
Topic: Ready to take control of my own investing.
Replies: 42
Views: 4021

Re: Ready to take control of my own investing.

Our HR directs us to the TPA's website and they have the list of providers there. Think I should contact the TPA after I turn in my salary reduction form? Or just wait to see if it gets processed out of my paycheck in 2 weeks? I want to transfer over my funds from SB over to Vanguard soon as well s...
by Coolstavi
Mon Oct 17, 2016 7:31 am
Forum: Investing - Help with Personal Investments
Topic: Ready to take control of my own investing.
Replies: 42
Views: 4021

Re: Ready to take control of my own investing.

Is the list of providers you put in your OP from the Third Party Administrator, or from the district's HR office? If there's a TPA, the district often defers to them for the list, but not always. They sure don't make it easy, do they? If it turns out that your can't do a VG 403b directly, you do ha...
by Coolstavi
Sun Oct 16, 2016 8:39 pm
Forum: Investing - Help with Personal Investments
Topic: Ready to take control of my own investing.
Replies: 42
Views: 4021

Re: Ready to take control of my own investing.

You may find that the current district employees with a VG 403b have been grandfathered in after a tightening of the 403b regulations. In the past, employees could transfer their 403b account to a different provider which wasn't on the district's list. This led to a problem that record-keeping beca...
by Coolstavi
Sun Oct 16, 2016 6:33 pm
Forum: Investing - Help with Personal Investments
Topic: Ready to take control of my own investing.
Replies: 42
Views: 4021

Re: Ready to take control of my own investing.

I called Vanguard about an account and then casually asked about setting a 403b with them. Apparently my district IS signed up to have Vanguard as a 403b provider. I was able to start an account. I am going to also see if they have the 457 option and might get both of them going if so. Wow! That is...
by Coolstavi
Sun Oct 16, 2016 5:48 pm
Forum: Investing - Help with Personal Investments
Topic: Ready to take control of my own investing.
Replies: 42
Views: 4021

Re: Ready to take control of my own investing.

If you changed your present contribution to the max (for Nov and Dec), and used other (taxable) funds for your living expenses, you could bite off a big chunk of the 18k max. I’d be tempted, but I would drop the PIMPCO fund and just use the 2 funds with ERs of 0.5%. I called Vanguard about an accou...
by Coolstavi
Thu Oct 13, 2016 7:20 pm
Forum: Investing - Help with Personal Investments
Topic: Ready to take control of my own investing.
Replies: 42
Views: 4021

Re: Ready to take control of my own investing.

At the bottom of the Salary Reduction Agreement, it says “Mail to Security Benefit………”. The form does say at the top to check with your employer to see if the form meets their requirements. You are correct that the form gets turned in to the HR office. I corrected my previous post. It looks like SB...
by Coolstavi
Thu Oct 13, 2016 7:27 am
Forum: Investing - Help with Personal Investments
Topic: Ready to take control of my own investing.
Replies: 42
Views: 4021

Re: Ready to take control of my own investing.

Coolstavi, I think you may be jumping the gun a bit. I suggest you follow the SB Steps detailed after you select "Enroll Now". http://www.nearetirementprogram.com/nea-directinvest I assume you’ve looked over the plan agreement which is step 1 . Step 2 is to fill out and send in the Direct...
by Coolstavi
Wed Oct 12, 2016 3:04 pm
Forum: Investing - Help with Personal Investments
Topic: Ready to take control of my own investing.
Replies: 42
Views: 4021

Re: Ready to take control of my own investing.

Here’s what Security Benefit assumes about an investor in their Direct Invest 403b plan: An option for the do-it-yourself investor You are familiar and comfortable with transacting financial business over the Internet You understand investment principles and strategies You have your own plan for cl...
by Coolstavi
Wed Oct 12, 2016 11:45 am
Forum: Investing - Help with Personal Investments
Topic: Ready to take control of my own investing.
Replies: 42
Views: 4021

Re: Ready to take control of my own investing.

I'll be back in a couple of hours and will post again then. The Direct Invest plan is all done through the internet. There is no hand holding. You have to figure it out on your own. School district HR offices are not a source of information other than the list of providors. They don't want the liab...

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