Search found 10104 matches

by DSInvestor
Thu Feb 23, 2017 2:57 pm
Forum: Investing - Help with Personal Investments
Topic: What to do after maxing out 401k, IRA, and HSA?
Replies: 18
Views: 848

Re: What to do after maxing out 401k, IRA, and HSA?

“Your gf contributes traditional IRA and immediately converts to Roth, correct? (Backdoor Roth IRA).” No, I am not doing the Roth conversion for her yet. I looked into it but got confused when I found she had existing IRA money (previous employer 401k rollover). I’m going to look into it again and ...
by DSInvestor
Thu Feb 23, 2017 2:51 pm
Forum: Investing - Help with Personal Investments
Topic: Non-Deductible tIRA contribution limit
Replies: 7
Views: 331

Re: Non-Deductible tIRA contribution limit

IRS Pub 590A (PDF): https://www.irs.gov/pub/irs-pdf/p590a.pdf IRS Pub 590A page9 in PDF file says this: General Limit For 2016, the most that can be contributed to your traditional IRA generally is the smaller of the following amounts : - $5,500 ($6,500 if you are age 50 or older), or - Your taxable...
by DSInvestor
Thu Feb 23, 2017 12:30 pm
Forum: Investing - Help with Personal Investments
Topic: What to do after maxing out 401k, IRA, and HSA?
Replies: 18
Views: 848

Re: What to do after maxing out 401k, IRA, and HSA?

For your girlfriend, I'd suggest that she switch to Traditional 401k contributions. Her Traditional IRA contributions are likely to be non-deductible given her coverage by employer plan and high income. As such, she should consider backdoor into Roth IRA (i.e. Traditional IRA contributions and Roth ...
by DSInvestor
Thu Feb 23, 2017 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: retired but thinking about value of self-employed income
Replies: 12
Views: 496

Re: retired but thinking about value of self-employed income

Do you itemize deductions? I believe medical premiums are included in the medical itemized deductions subject to 10% of AGI floor (7.5% if born before JAN 02, 1952). If you have tax software, you can try to run some scenarios with and without self employed income (schedule C/SE) to see if there is a...
by DSInvestor
Wed Feb 22, 2017 2:42 pm
Forum: Investing - Help with Personal Investments
Topic: Non-Deductible tIRA contribution limit
Replies: 7
Views: 331

Re: Non-Deductible tIRA contribution limit

SpideyIndexer wrote:Thanks, Where do I find the reference?

IRS Pub 590A: https://www.irs.gov/uac/about-publication-590a
by DSInvestor
Wed Feb 22, 2017 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: BH thoughts on Time shares
Replies: 66
Views: 3198

Re: BH thoughts on Time shares

I'd rather pay for the tickets than sit through one of those hard sell presentations.
by DSInvestor
Wed Feb 22, 2017 1:46 am
Forum: Investing - Help with Personal Investments
Topic: Report all Roth contributions?
Replies: 8
Views: 722

Re: Report all Roth contributions?

If you have done Roth conversions, track those as well Here's a link to a post by Alan S on what to keep track of: https://www.bogleheads.org/forum/viewtopic.php?p=1478231#p1478231 No, don't use the 8606 form by itself. I recommend a cumulative tally sheet as well as retaining the 5498 forms. Howeve...
by DSInvestor
Wed Feb 22, 2017 1:34 am
Forum: Investing - Help with Personal Investments
Topic: Report all Roth contributions?
Replies: 8
Views: 722

Re: Report all Roth contributions?

Is there an easy way to do this? Anyone know the first year ROTH was available? That's how far back in tax returns I'd need to go to calculate this number. Roth IRA Wikipedia page:https://en.wikipedia.org/wiki/Roth_IRA I believe the first year for Roth IRA contribuions was 1998. If you made Traditi...
by DSInvestor
Tue Feb 21, 2017 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: Semi-retired; 12k/yr income; tax benefits?
Replies: 2
Views: 385

Re: Semi-retired; 12k/yr income; tax benefits?

If you have 12K of compensation that would allow you to contribute 12K into 401k and IRA. However the type of 401k contributions matters. If you have 12K gross salary and contribute say 10K to Traditional 401k, your W-2 box 1 will show 2K which flows into 1040 line 7. This would allow 2K to be contr...
by DSInvestor
Tue Feb 21, 2017 2:15 pm
Forum: Personal Consumer Issues
Topic: Which puppy to buy: golden retriever or labrador retriever?
Replies: 109
Views: 5198

Re: Which puppy to buy: golden retriever or labrador retriever?

...border collie lab... No energy there :shock: She has energy when it's time to play but relaxed at all other times. She loves chuckit ball, frisbee. She runs around off leash at the beach, hiking, backpacking, snowshoeing, disc golf. She's wonderful with kids and very affectionate. We have time t...
by DSInvestor
Tue Feb 21, 2017 1:28 pm
Forum: Personal Consumer Issues
Topic: Help on I-10 west from FL to NM
Replies: 13
Views: 732

Re: Help on I-10 west from FL to NM

Apple maps gives me several routes from Pensacola FL to Santa Fe, NM: 1. The fastest route only stays on I-10 for a little bit and then heads north to Jackson, MS, Shreveport, LA, Dallas, TX, Amarillo TX into New Mexico. 19hrs. 2. The route that uses I-10 through Houston, San Antonio, El Paso then h...
by DSInvestor
Tue Feb 21, 2017 2:17 am
Forum: Personal Consumer Issues
Topic: Which puppy to buy: golden retriever or labrador retriever?
Replies: 109
Views: 5198

Re: Which puppy to buy: golden retriever or labrador retriever?

I feel this thread needs more photos. Here is my black lab :) http://i.imgur.com/grdKXNtb.jpg I found this picture of a dog that looks almost exactly like our wonderful border collie lab: https://images.duckduckgo.com/iu/?u=http%3A%2F%2Fcustom-car.ca%2Fwp-content%2Fuploads%2F2012%2Fborder-collie-la...
by DSInvestor
Tue Feb 21, 2017 12:47 am
Forum: Personal Consumer Issues
Topic: Desktop Computer - Still relevant? Good investment?
Replies: 66
Views: 4335

Re: Desktop Computer - Still relevant? Good investment?

For other readers, I found this apple page about mac models that are compatible with the LG UltraFine 5K display at native and lower resolutions: https://support.apple.com/en-us/HT207448 The reviews on those new LG monitors are abysmal. This was a thought of mine long ago, but I just can't after re...
by DSInvestor
Tue Feb 21, 2017 12:41 am
Forum: Personal Consumer Issues
Topic: Desktop Computer - Still relevant? Good investment?
Replies: 66
Views: 4335

Re: Desktop Computer - Still relevant? Good investment?

The new MBP can drive up to two 5k displays with Thunderbolt 3. I'm thinking of going that Windows route, or adding an external monitor/mouse/keyboard to my MBP, or maybe getting an iMac if it's cost effective. OK the new MacBook Pros can handle the 4K/5K displays but these macs are really expensiv...
by DSInvestor
Tue Feb 21, 2017 12:35 am
Forum: Personal Consumer Issues
Topic: Desktop Computer - Still relevant? Good investment?
Replies: 66
Views: 4335

Re: Desktop Computer - Still relevant? Good investment?

For other readers, I found this apple page about mac models that are compatible with the LG UltraFine 5K display at native and lower resolutions:
https://support.apple.com/en-us/HT207448
by DSInvestor
Tue Feb 21, 2017 12:25 am
Forum: Personal Consumer Issues
Topic: Desktop Computer - Still relevant? Good investment?
Replies: 66
Views: 4335

Re: Desktop Computer - Still relevant? Good investment?

Do you have an external monitor at home? If so, you can try plugging it into your MacBook pro. I had to get a dongle to connect my HDMI monitor to the mini-display port on the MacBook pro. According to the specs of my mid-2012 MacBook pro (non-retina), it can handle displays up to 2560x1600 which is...
by DSInvestor
Mon Feb 20, 2017 8:03 pm
Forum: Investing - Help with Personal Investments
Topic: tIRA Help
Replies: 1
Views: 94

Re: tIRA Help

If your income is such that you're eligible to contribute to Roth IRA, look into recharacterizing $1430 of the TIRA contribution to a Roth IRA contribution for tax year 2016. You may have to fill out a recharacterization form and mail it into Vanguard.
by DSInvestor
Mon Feb 20, 2017 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: Reporting backdoor Roth IRA with H&R Block
Replies: 14
Views: 706

Re: Reporting backdoor Roth IRA with H&R Block

I followed the step by step instruction from thefinancebuff.com to file backdoor roth IRA for HRB. The thing is, $5,500 is treated as distribution, but it is not treated as non-deductible distribution. I pay tax on the 'distribution' of my non-deductible tax contribution. My taxable income increase...
by DSInvestor
Sun Feb 19, 2017 7:54 pm
Forum: Personal Finance (Not Investing)
Topic: Reporting backdoor Roth IRA with H&R Block
Replies: 14
Views: 706

Re: Reporting backdoor Roth IRA with H&R Block

Make sure you enter your Traditional IRA contribution(s).
by DSInvestor
Sun Feb 19, 2017 7:27 pm
Forum: Investing - Theory, News & General
Topic: Primecap Admiral Fund VPMAX
Replies: 14
Views: 1166

Re: Primecap Admiral Fund VPMAX

My brother has held PRIMECAP for over 20 years and he's happy with it. Unfortunately he holds it in taxable. I've suggested several times to take the distributions to contribute to IRA and re-purchase PRIMECAP there but he's reluctant. Maybe he just doesn't want to call Vanguard to work around the c...
by DSInvestor
Sun Feb 19, 2017 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: Is there a marriage tax penalty in this situation?
Replies: 10
Views: 943

Re: Is there a marriage tax penalty in this situation?

Using HR Block's tax calculator:
45K single $4,734
90K MFJ $9,468
by DSInvestor
Sun Feb 19, 2017 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: What is my real taxable salary?
Replies: 12
Views: 1479

Re: What is my real taxable salary?

Age 52 [...] If I contribute the max ($12,500) for 2017 to my Simple IRA You're over 50, so your max may be $15,500 due to "catch-up contributions". Does your plan allow them? Yes. And thank you! I'm trying to greatly decrease our tax burden. My wife and I keep getting a larger tax bill e...
by DSInvestor
Sun Feb 19, 2017 1:48 am
Forum: Investing - Help with Personal Investments
Topic: Roth vs Traditional
Replies: 4
Views: 327

Re: Roth vs Traditional

I contribute the max $18000 to a Roth 401k and $5500 to a traditional IRA. My employer contributes a flat $5000, which is tax-deferred. My husband is self employed and contributes $5500 to Traditional IRA. Our combined income is $200,000, so we are ineligible for a Roth IRA. I recently came across ...
by DSInvestor
Sun Feb 19, 2017 12:30 am
Forum: Personal Finance (Not Investing)
Topic: Moving assets to taxable accounts for inheritance
Replies: 9
Views: 1087

Re: Moving assets to taxable accounts for inheritance

What about doing Roth conversions after they have satisfied their RMD? Same tax cost as withdrawal but keeps the money in Roth tax advantaged accounts.

The money that they have to withdraw to satisfy RMD can be invested in taxable accounts if not needed to meet expenses.
by DSInvestor
Sun Feb 19, 2017 12:26 am
Forum: Personal Finance (Not Investing)
Topic: Cash out 457(b)?
Replies: 4
Views: 464

Re: Cash out 457(b)?

Do you or your spouse have any assets in Traditional retirement accounts that can be converted to Roth IRA? A Roth conversion would add to your AGI and Taxable Income which would allow you to take advantage of the non-refundable tax credit and keep the money in tax advantaged accounts.
by DSInvestor
Sat Feb 18, 2017 10:40 pm
Forum: Investing - Help with Personal Investments
Topic: Pre paid credit cards
Replies: 10
Views: 509

Re: Pre paid credit cards

badbreath wrote:Ok maybe I am answering my own question. Take the $500 out of the budget and invest use the prepaid credit card to make up budget

That's how to do it.
by DSInvestor
Sat Feb 18, 2017 9:47 pm
Forum: Personal Consumer Issues
Topic: Long Day Trip: Drive Old Car or Rent Car?
Replies: 58
Views: 3198

Re: Long Day Trip: Drive Old Car or Rent Car?

Have you had any problems with your Corolla? Are the tires in good shape? Does the car start reliably? Do you have chains if you're going over mountain passes? Does the heat work? Does the AC work? Does the car burn oil? Do you have jumper cables? Are you current on maintenance (oil changes, timing ...
by DSInvestor
Sat Feb 18, 2017 6:22 pm
Forum: Personal Finance (Not Investing)
Topic: Pre and Post Tax 401K dollars comingled in IRA
Replies: 13
Views: 564

Re: Pre and Post Tax 401K dollars comingled in IRA

I understand IRA Basis. My IRA Basis is $1200. My current IRA value (including the post tax dollars) is 201200. Form 8606: "Complete this part only if one or more of the following apply: You converted part, but not all, of your traditional, SEP, and SIMPLE IRAs to ROTH IRAs in 2016 (excluding ...
by DSInvestor
Sat Feb 18, 2017 3:52 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Target Retirement Fund to Investor Shares
Replies: 11
Views: 573

Re: Vanguard Target Retirement Fund to Investor Shares

Since the TR fund uses an allocated expense ratio from the investor class shares the fund holds there is no particular advantage to converting to investor class. There may be a cost disadvantage to use investor shares rather than the TR fund. TR funds actually have a lower cost than using the Inves...
by DSInvestor
Sat Feb 18, 2017 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: Pre and Post Tax 401K dollars comingled in IRA
Replies: 13
Views: 564

Re: Pre and Post Tax 401K dollars comingled in IRA

The after-tax amount should be tracked in form 8606 as IRA basis. If you wanted to isolate your IRA basis and convert tax free to Roth IRA, you'd have to rollover the pre-tax amount (amount in excess of your IRA basis) into something like a 401k. Let's say you have you have 500K IRA with 100K IRA ba...
by DSInvestor
Sat Feb 18, 2017 1:56 pm
Forum: Investing - Help with Personal Investments
Topic: Timing of IRA rollover to solo 401k
Replies: 14
Views: 474

Re: Timing of IRA rollover to solo 401k

My 2010 tax return is the only return I could find that contained form 8606. At that time the limit was $5000 which is what I contributed. Is that the first year that you made non-deductible Traditional IRA contribution? Did you see anything in the IRA deduction line (line 32) of 1040? If you made ...
by DSInvestor
Sat Feb 18, 2017 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: Selling taxable fund
Replies: 8
Views: 431

Re: Selling taxable fund

Thanks. I figured it would not be the same as a rollover. No fees to close just taxes! Janus twenty is going to be merged into Janus Forty in a few months. I am tired of being surprised with big capital gains. Years ago there was little turnover but that is not so much the case anymore. I just want...
by DSInvestor
Fri Feb 17, 2017 8:39 pm
Forum: Personal Finance (Not Investing)
Topic: Tax overpayment reporting
Replies: 8
Views: 259

Re: Tax overpayment reporting

What type of tax payment was it?
by DSInvestor
Fri Feb 17, 2017 6:57 pm
Forum: Investing - Help with Personal Investments
Topic: What is the equiv. to VASIX Life Strategy Income but without international, Balanced Index plus Total Bond, Other??
Replies: 16
Views: 893

Re: What is the equiv. to VASIX Life Strategy Income but without international?

Vanguard does not have have a balanced fund with 20/80 stock bond AA that holds no international. Vanguard Balanced Index is 60/40 stock/bond and holds no international Vanguard Tax Managed Balanced fund is 49/51 stock/bond and holds no international. Your best bet may be to hold a mix of: US Stocks...
by DSInvestor
Fri Feb 17, 2017 6:44 pm
Forum: Personal Finance (Not Investing)
Topic: Visiting the National Parks
Replies: 27
Views: 1366

Re: Visiting the National Parks

Don't overlook the National Parks in Canada: https://en.wikipedia.org/wiki/List_of_National_Parks_of_Canada The parks just north of Glacier National Park are easy to get to and worth the trip. https://en.wikipedia.org/wiki/Canadian_Rocky_Mountain_Parks_World_Heritage_Site Entrance into Canada's Nat...
by DSInvestor
Fri Feb 17, 2017 6:35 pm
Forum: Personal Consumer Issues
Topic: Anyone using AT&T Mobile Share Advantage Plan
Replies: 5
Views: 439

Re: Anyone using AT&T Mobile Share Advantage Plan

If you like the AT&T service and have an unlocked phone, take a look at Cricket Wireless which uses the AT&T network and is owned by AT&T. Their $40 plan ($35 with autopay) gives you unlimited calling, unlimited texting and 3GB data. All fees and taxes included in that price. No overage ...
by DSInvestor
Fri Feb 17, 2017 6:18 pm
Forum: Investing - Help with Personal Investments
Topic: Timing of IRA rollover to solo 401k
Replies: 14
Views: 474

Re: Timing of IRA rollover to solo 401k

I have for sure made nondeductible traditional IRA contributions in the past. 2015 for sure, 2016/17 (in progress), and I believe in either 2012 or 2013. So once I collect those form 8606's that will establish my basis correct? Once I send all the IRA money to the solo401k, I just leave an amount e...
by DSInvestor
Fri Feb 17, 2017 4:46 pm
Forum: Investing - Help with Personal Investments
Topic: Timing of IRA rollover to solo 401k
Replies: 14
Views: 474

Re: Timing of IRA rollover to solo 401k

The assets in your rollover IRA from 403b, 401a are most likely pre-tax so no IRA basis from that money. Have you made non-deductible contributions to Traditional IRA in prior years to any IRA custodian? If not, you have no IRA basis. If you contributed to Traditional IRA and took a tax deduction, t...
by DSInvestor
Fri Feb 17, 2017 4:11 pm
Forum: Investing - Help with Personal Investments
Topic: Timing of IRA rollover to solo 401k
Replies: 14
Views: 474

Re: Timing of IRA rollover to solo 401k

Won't I be taxed on the earnings that were generated on those IRA contributions? Or are you saying I am just converting the amounts contributed over the last ten years versus the total amount contributed and earned? This will take some digging, because at some point seven or eight years ago, I with...
by DSInvestor
Fri Feb 17, 2017 3:30 pm
Forum: Investing - Help with Personal Investments
Topic: Timing of IRA rollover to solo 401k
Replies: 14
Views: 474

Re: Timing of IRA rollover to solo 401k

You do not want to rollover your IRA basis (non-deductible contributions) into your SOlo 401k. The IRA basis can be converted to Roth IRA tax free if isolated. I suggest that you do the following: 1. Make your 2016 Traditional IRA contribution and your 2017 Traditional IRA contribution now. Make sur...
by DSInvestor
Fri Feb 17, 2017 12:33 pm
Forum: Investing - Help with Personal Investments
Topic: What are 401k after-tax contributions?
Replies: 12
Views: 402

Re: What are 401k after-tax contributions?

So with after-tax, if I just left it there and did not do the Roth conversion, I would effectively pay taxes on the basis when I deposit it and AGAIN on the basis and interest when I go to withdraw in retirement (not that I would do this...)? Why would anyone choose to do that? No, you're not taxed...
by DSInvestor
Fri Feb 17, 2017 12:23 pm
Forum: Investing - Help with Personal Investments
Topic: What are 401k after-tax contributions?
Replies: 12
Views: 402

Re: What are 401k after-tax contributions?

These are 401k contributions that do not offer tax deduction or Roth treatment. They are essentially non-deductible contributions to Traditional 401k. I believe these after-tax non-Roth 401k contributions are made after you reach your 18K employee salary deferral limit. When you do the rollover of a...
by DSInvestor
Thu Feb 16, 2017 11:56 pm
Forum: Investing - Theory, News & General
Topic: Theory on whether to go Roth 401k
Replies: 89
Views: 6620

Re: Theory on whether to go Roth 401k

A pretty good rule of thumb is to contribute to a 401k and traditional IRA until the two are likely to have a combined value of around $2M (in today's dollars) unless you're going to have income sources beyond SS in retirement. I disagree due to the fact that those covered by employer plans like 40...
by DSInvestor
Thu Feb 16, 2017 11:16 pm
Forum: Personal Finance (Not Investing)
Topic: Individual IRA Contribution Clarification
Replies: 7
Views: 366

Re: Individual IRA Contribution Clarification

...(I am working on a contractual basis)... If you can be considered self employed you may be able to have a SEP-IRA. See this link: https://www.irs.gov/retirement-plans/plan-sponsor/simplified-employee-pension-plan-sep Or even better a Solo 401k. Solo 401k would be a great choice for 2017 contribu...
by DSInvestor
Thu Feb 16, 2017 10:29 pm
Forum: Personal Consumer Issues
Topic: Replacing our cable box
Replies: 8
Views: 665

Re: Replacing our cable box

If your TV will accept a CableCard, that costs $2/month. http://optimum.custhelp.com/app/answers/detail/a_id/651/~/using-a-cablecard-with-optimum-tv Using a CableCARD with Optimum TV ID 651 The CableCARD™ is a PC card that, when used in conjunction with a Digital Cable Ready (DCR) CableCARD-compatib...
by DSInvestor
Thu Feb 16, 2017 10:18 pm
Forum: Investing - Help with Personal Investments
Topic: IRA and 401(k)
Replies: 4
Views: 169

Re: IRA and 401(k)

Thank you. I am not eligible to contribute directly to a Roth IRA. Also, I just realized my wife actually has a traditional IRA worth about $100,000 that started as a 401(k) she rolled into a traditional IRA. Given our high marginal tax bracket, we didn't think it made sense to roll that into a Rot...
by DSInvestor
Thu Feb 16, 2017 10:09 pm
Forum: Investing - Help with Personal Investments
Topic: Help with ROTH conversion
Replies: 5
Views: 193

Re: Help with ROTH conversion

Some folks enter the 1099-R which covers the conversion and forget to enter the Traditional IRA contribution . The entry of the TradIRA contribution is key because it will let the tax software know that a contribution was made. If the TIRA contribution was non-deductible, IRA basis is added to form ...
by DSInvestor
Thu Feb 16, 2017 9:55 pm
Forum: Investing - Help with Personal Investments
Topic: IRA and 401(k)
Replies: 4
Views: 169

Re: IRA and 401(k)

Before you proceed with the backdoor into Roth IRA, you should check to see if you're eligible for direct contribution to Roth IRA. For Married Filing Jointly, Full Roth IRA contributions are allowed if MAGI for Roth IRA purposes is under 184K (2016), 186K (2017). No Roth IRA contributions are allow...
by DSInvestor
Thu Feb 16, 2017 9:21 pm
Forum: Personal Consumer Issues
Topic: I want to ditch the cable company's modem
Replies: 51
Views: 3302

Re: I want to ditch the cable company's modem

I have Optimum/Cablevision box from Samsung for our WIFI television at $10/mo. Does anyone know if Arris/Motorola 6141 will work with that? They say that I have to rent from them and I am told a chip somewhere will tell them if I am not using their box. Any advice? That $10/month rental fee is prob...
by DSInvestor
Thu Feb 16, 2017 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella 1 million $500
Replies: 32
Views: 2242

Re: Umbrella 1 million $500

Call around. GEICO charges me $130 for my $1M umbrella policy. My auto and home are also with GEICO and auto is at 300/300.

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