Search found 1439 matches

by ERISA Stone
Thu Jan 18, 2018 6:04 pm
Forum: Personal Finance (Not Investing)
Topic: Take a 401k Loan?
Replies: 43
Views: 1960

Re: Take a 401k Loan?

There is also a freeze period (3-6 months) that prevent you contributing to your 401k after you take a loan or distribution. While a plan can suspend 401k contributions when a participant takes a loan, this is not the norm. I believe you're thinking about hardship distributions. in which there is a...
by ERISA Stone
Wed Jan 17, 2018 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: Spousal Solo401K Deposit Deadline Rules Different?
Replies: 4
Views: 235

Re: Spousal Solo401K Deposit Deadline Rules Different?

For additional information, please see Spirit Rider's post in the link about a qualified joint venture, assuming your wife isn't a W-2 employee.

viewtopic.php?t=209448
by ERISA Stone
Wed Jan 17, 2018 10:55 am
Forum: Personal Finance (Not Investing)
Topic: Spousal Solo401K Deposit Deadline Rules Different?
Replies: 4
Views: 235

Re: Spousal Solo401K Deposit Deadline Rules Different?

If you are a sole proprietor you can make 401k contributions up to the filing deadline. If your wife was an S-corp, for example, and received W-2 income, the 401k contributions would have to be made through payroll. Since there is no payroll for a sole proprietor, this isn't an issue. For this state...
by ERISA Stone
Tue Jan 16, 2018 10:48 pm
Forum: Investing - Help with Personal Investments
Topic: How exactly is the $55,000 limit on a 401k counted?
Replies: 1
Views: 576

Re: How exactly is the $55,000 limit on a 401k counted?

Vesting isn’t considered for the limit. The contribution is considered for the year in which it is attributable. So even though the contribution is deposited in 2018, it’s considered for the 2017 annual additions limit.
by ERISA Stone
Mon Jan 15, 2018 7:47 pm
Forum: Investing - Theory, News & General
Topic: Best 401k Employer Match Structure
Replies: 115
Views: 9146

Re: Best 401k Employer Match Structure

I've worked for about a dozen companies in the past 32 years that I've worked as an electrical design engineer. I've made a bit of a study of 401k matching. Many of the startups I've worked for offer zero match. The highest match I've ever received was 8%. My current employer is a Fortune 500 compa...
by ERISA Stone
Mon Jan 15, 2018 6:43 pm
Forum: Investing - Theory, News & General
Topic: Best 401k Employer Match Structure
Replies: 115
Views: 9146

Re: Best 401k Employer Match Structure

My company matches 100% on 7% of compensation. 100% Vesting after 1 year. We also have a pension on 3-year vesting. The best I've heard is Saudi Aramco, which matches 9%. Best? Nope. Read the third post above this. TravelforFun I had one client who, IIRC, for anyone who made over $55k who was able ...
by ERISA Stone
Sun Jan 14, 2018 9:37 pm
Forum: Personal Finance (Not Investing)
Topic: Suggestions for Ideal 401k Fund Lineup
Replies: 11
Views: 656

Re: Suggestions for Ideal 401k Fund Lineup

total US total INTL total BND Vanguard or Fidelity Index TDF brokerage account for those that want to buy other fancy things anything past that is getting into the weeds. Our plan is with Employee Fiduciary. I selected the lineup above and added a REIT since I like to have approximately 5% of our p...
by ERISA Stone
Sun Jan 14, 2018 5:49 pm
Forum: Personal Finance (Not Investing)
Topic: Very Small Companies and HCE Tests
Replies: 3
Views: 343

Re: Very Small Companies and HCE Tests

I am exploring options for retirement savings, and discovered HCE (highly compensated employee) rules for 401(k) plans. In a company with very few employees who ALL own more than 5% of the company (as in every single employee is considered a HCE) does the IRS still expect HCEs to contribute not sig...
by ERISA Stone
Sun Jan 14, 2018 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: Suggestions for Ideal 401k Fund Lineup
Replies: 11
Views: 656

Re: Suggestions for Ideal 401k Fund Lineup

total US total INTL total BND Vanguard or Fidelity Index TDF brokerage account for those that want to buy other fancy things anything past that is getting into the weeds. Our plan is with Employee Fiduciary. I selected the lineup above and added a REIT since I like to have approximately 5% of our p...
by ERISA Stone
Fri Jan 12, 2018 3:16 pm
Forum: Investing - Help with Personal Investments
Topic: 401k loan vs selling taxable
Replies: 9
Views: 506

Re: 401k loan vs selling taxable

Piggybacking on bberris....Not only would an 11 month loan from your 401k cause you to miss out on whatever gains, but you will be taxed twice. When you repay the 401k loan, you will be repaying with after-tax money. Then many years later when you take a formal distribution, you will be taxed on th...
by ERISA Stone
Fri Jan 12, 2018 3:12 pm
Forum: Investing - Help with Personal Investments
Topic: 401k loan vs selling taxable
Replies: 9
Views: 506

Re: 401k loan vs selling taxable

Allowing 401k loans to terminated participants? :shock: I'm glad you have the option but I'm having trouble fathoming a plan sponsor allowing this in a plan. What's the problem? The sponsor is not at risk. Yes, they are if they don't administer the loan properly. I don't know why an employer would ...
by ERISA Stone
Fri Jan 12, 2018 3:12 pm
Forum: Investing - Theory, News & General
Topic: Best 401k Employer Match Structure
Replies: 115
Views: 9146

Re: Best 401k Employer Match Structure

capsaicinguy wrote:
Fri Jan 12, 2018 1:16 pm

AKA instead of paying someone 50k/year, offer 40k salary + 10k 401k contribution.
This wouldn't work for the average person. Very few people are able to trade in their salary for a 25% retirement benefit.
by ERISA Stone
Thu Jan 11, 2018 10:18 pm
Forum: Investing - Help with Personal Investments
Topic: 401k loan vs selling taxable
Replies: 9
Views: 506

Re: 401k loan vs selling taxable

Allowing 401k loans to terminated participants? :shock: I'm glad you have the option but I'm having trouble fathoming a plan sponsor allowing this in a plan.
by ERISA Stone
Wed Jan 10, 2018 7:24 pm
Forum: Investing - Help with Personal Investments
Topic: Contribute to an Employer-Sponsored 401k with a Personal Check?
Replies: 6
Views: 344

Re: Contribute to an Employer-Sponsored 401k with a Personal Check?

Thank you all for sharing your advice. Sounds like life will go on, but not with this paycheck going toward her 401k. I know it's frustrating but doesn't this just mean your wife will hit the maximum deferral one paycheck later? It shouldn't have any effect on a match. That's the reasons I omitted....
by ERISA Stone
Wed Jan 10, 2018 7:11 pm
Forum: Investing - Help with Personal Investments
Topic: Contribute to an Employer-Sponsored 401k with a Personal Check?
Replies: 6
Views: 344

Re: Contribute to an Employer-Sponsored 401k with a Personal Check?

You can't do this. The participant cannot have access to the funds to be contributed to the plan.

I know it's frustrating but doesn't this just mean your wife will hit the maximum deferral one paycheck later? It shouldn't have any effect on a match.
by ERISA Stone
Wed Jan 10, 2018 2:13 pm
Forum: Investing - Help with Personal Investments
Topic: 401k withdrawl question for a friend...
Replies: 8
Views: 557

Re: 401k withdrawl question for a friend...

His plan would have to allow for hardship withdrawals if he is still employed. there are specific uses that qualify, see below. As you note, the money would be added to his income and he'd pay taxes. If he's over 59.5, the 10% extra penalty would not apply His company may also support 401(K) loans,...
by ERISA Stone
Tue Jan 09, 2018 1:08 am
Forum: Personal Consumer Issues
Topic: Car recommendations needed for growing family
Replies: 34
Views: 1979

Re: Car recommendations needed for growing family

Yes. Minivans are functional. SUVs are raised station wagons that get worse mileage, handle worse, cost way more, etc. Get a family hauler and then a commuter - maybe even a used Leaf? If you can get by with short range, they are dirt cheap and require little maintenance. Used Prius is a good bet f...
by ERISA Stone
Mon Jan 08, 2018 12:57 pm
Forum: Personal Consumer Issues
Topic: Are Password Managers Really Necessary?
Replies: 94
Views: 3961

Re: Are Password Managers Really Necessary?

In practice we know otherwise. Proof? Just google "Password Manager breach" and read about the breaches at OnePass, LastLogin, etc. Some of the most secure banks have been hacked along with one of the big-three credit report agencies - google "breach", "hacked", etc and you can find lots of stories...
by ERISA Stone
Mon Jan 08, 2018 12:33 pm
Forum: Personal Consumer Issues
Topic: Are Password Managers Really Necessary?
Replies: 94
Views: 3961

Re: Are Password Managers Really Necessary?

TravelGeek wrote:
Mon Jan 08, 2018 12:29 pm


It is not best practice to require (or change voluntarily) passwords periodically.

Is this true? I've always read you should change your passwords every six months or so, especially those related to financial institutions.
by ERISA Stone
Mon Jan 08, 2018 12:06 pm
Forum: Personal Consumer Issues
Topic: New York City Restaurant Week Suggestions
Replies: 15
Views: 868

Re: New York City Restaurant Week Suggestions

For pastries, I recommend Veniero's. It's near where I stay and I usually get something from there every day I'm in NYC. And I have the weight progression spreadsheet to prove it. :D
by ERISA Stone
Mon Jan 08, 2018 12:03 pm
Forum: Personal Consumer Issues
Topic: Are Password Managers Really Necessary?
Replies: 94
Views: 3961

Re: Are Password Managers Really Necessary?

DaftInvestor wrote:
Mon Jan 08, 2018 11:54 am

In practice we know otherwise.
Proof?
by ERISA Stone
Mon Jan 08, 2018 11:44 am
Forum: Personal Consumer Issues
Topic: Are Password Managers Really Necessary?
Replies: 94
Views: 3961

Re: Are Password Managers Really Necessary?

Yes. Absolutely. I have used password managers for over ten years. Absolutely cannot imagine not using one. How do you keep track of dozens (or in my case, > hundred) of credentials (username, password, answers to secret questions, account numbers) in a secure way? I'll answer your question with a ...
by ERISA Stone
Mon Jan 08, 2018 11:07 am
Forum: Personal Consumer Issues
Topic: Teeth Whitening
Replies: 23
Views: 2619

Re: Teeth Whitening

ncbill wrote:
Mon Jan 08, 2018 10:54 am
mouses wrote:
Mon Jan 08, 2018 9:06 am
My dentist advises against tooth whitening because he says it can damage the nerves.
+1000

I will never do tooth whitening given the "issues" (usually sensitivity, sometimes outright damage)
does this include hydrogen peroxide as well?
by ERISA Stone
Mon Jan 08, 2018 11:05 am
Forum: Personal Consumer Issues
Topic: Are Password Managers Really Necessary?
Replies: 94
Views: 3961

Re: Are Password Managers Really Necessary?

I have 82 credentials currently stored in my password manager between personal and business. It was getting to be quite a chore to keep up with all of those passwords, assuming one takes the time to use different passwords and doesn't use the same one for each site. I think what makes this all the ...
by ERISA Stone
Mon Jan 08, 2018 11:00 am
Forum: Forum Issues and Administration
Topic: Help me understand question-less financial status (e.g. "2 comma club") threads.
Replies: 175
Views: 8511

Re: Help me understand question-less financial status (e.g. "2 comma club") threads.

I already think the "actionable" component of the website is arbitrary and frankly infuriating. I can't tell you how many times I've been chugging along a thread that is relevant to me only to have moderators cut it off. Then I see about 20% of the titles in the thread list and know that they can't ...
by ERISA Stone
Mon Jan 08, 2018 10:28 am
Forum: Personal Consumer Issues
Topic: Are Password Managers Really Necessary?
Replies: 94
Views: 3961

Re: Are Password Managers Really Necessary?

I have 82 credentials currently stored in my password manager between personal and business. It was getting to be quite a chore to keep up with all of those passwords, assuming one takes the time to use different passwords and doesn't use the same one for each site. Also, my password manager LastPas...
by ERISA Stone
Sat Jan 06, 2018 8:30 pm
Forum: Investing - Help with Personal Investments
Topic: 401k "Fears"
Replies: 9
Views: 1223

Re: 401k "Fears"

1. Assume a job change for whatever reason. Ideally, I'd like to roll my 401k over into a simple 3-fund portfolio or a vanguard TDF. However, imagine a case where there's a bear market PLUS simultaneous job loss. I'm young and I've never experienced a roll over before but it seems as though it woul...
by ERISA Stone
Fri Jan 05, 2018 12:34 pm
Forum: Investing - Help with Personal Investments
Topic: End of December 401K Contribution hitting 2018?
Replies: 12
Views: 502

Re: End of December 401K Contribution hitting 2018?

I can tell you now, my 2017 contributions do not include the 12/29 401K contribution.... Where? On your W-2 or Vanguard's site? If it's Vanguard's site it doesn't matter. Look at the W-2. Understood -- it was on Vanguard's site. However, I looked at my pay stubs for the employers for year end: Empl...
by ERISA Stone
Fri Jan 05, 2018 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: anyone considering cashing in some 401k money at the new lower tax rate?
Replies: 9
Views: 1167

Re: anyone considering cashing in some 401k money at the new lower tax rate?

It feels like you're sort of asking two questions. 1. Should you take $$ out to pay a lower tax rate now than possibly a higher tax rate 10 years down the road? I wouldn't but that's because I prefer to push out any tax liability as long as possible. A lot can happen in 10 years. 2. Should you take ...
by ERISA Stone
Fri Jan 05, 2018 12:25 pm
Forum: Investing - Help with Personal Investments
Topic: End of December 401K Contribution hitting 2018?
Replies: 12
Views: 502

Re: End of December 401K Contribution hitting 2018?

stroopwafel wrote:
Fri Jan 05, 2018 12:24 pm

I can tell you now, my 2017 contributions do not include the 12/29 401K contribution....
Where? On your W-2 or Vanguard's site? If it's Vanguard's site it doesn't matter. Look at the W-2.
by ERISA Stone
Fri Jan 05, 2018 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: Best Tax Estimate Website for 2018?
Replies: 25
Views: 3119

Re: Best Tax Estimate Website for 2018?

I help my dad with his taxes and he would like to take as much of his IRA now without having to pay taxes. He's over 70.5 so there's no penalty. Normally, I can estimate the number pretty well but that was under the old law. Has anyone run across a good calculator for 2018 based on the new law? Not...
by ERISA Stone
Fri Jan 05, 2018 12:05 pm
Forum: Investing - Help with Personal Investments
Topic: End of December 401K Contribution hitting 2018?
Replies: 12
Views: 502

Re: End of December 401K Contribution hitting 2018?

Vanguard likely maintains records on a cash basis. It doesn't matter what the Vanguard site shows. If the contribution is included in your 2017 W-2, it is a 2017 contribution for limit purposes.
by ERISA Stone
Thu Jan 04, 2018 9:03 pm
Forum: Personal Finance (Not Investing)
Topic: Best Tax Estimate Website for 2018?
Replies: 25
Views: 3119

Best Tax Estimate Website for 2018?

I help my dad with his taxes and he would like to take as much of his IRA now without having to pay taxes. He's over 70.5 so there's no penalty. Normally, I can estimate the number pretty well but that was under the old law. Has anyone run across a good calculator for 2018 based on the new law?
by ERISA Stone
Wed Jan 03, 2018 10:43 pm
Forum: Investing - Help with Personal Investments
Topic: Goodbye Capital One 360!!
Replies: 56
Views: 8028

Re: Goodbye Capital One 360!!

Did you at least try another browser to see if that was the issue?
by ERISA Stone
Tue Jan 02, 2018 11:23 pm
Forum: Investing - Help with Personal Investments
Topic: Maxing 401k in January?
Replies: 11
Views: 1240

Re: Maxing 401k in January?

contribute to the plan in a calendar year this tells me they do not true up. Do what Slacker said. This doesn’t mean there is no true up. It means the contributions are based on a calendar year. The OP should be looking for something that indicates a match on a payroll or pay period basis. However,...
by ERISA Stone
Tue Jan 02, 2018 1:49 pm
Forum: Personal Consumer Issues
Topic: Ever drink Chartreuse?
Replies: 16
Views: 1514

Re: Ever drink Chartreuse?

Final Ward is one of my favorite drinks https://food52.com/recipes/32174-final-ward
by ERISA Stone
Mon Jan 01, 2018 2:40 pm
Forum: Investing - Help with Personal Investments
Topic: 401k contribution limited by employer
Replies: 17
Views: 1140

Re: 401k contribution limited by employer

They can limit deferrals if it's in the plan document. They can't just decide to do it. Were you limited last year? Thank you, I never tried to max my 401k before so never touched that limit. Sadly I will not get this 2018 goal :oops: It won't help this year, but I would mention it to someone in HR...
by ERISA Stone
Sat Dec 30, 2017 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: Employer messed up 401K & HSA contributions
Replies: 10
Views: 835

Re: Employer messed up 401K & HSA contributions

I don't quite understand what has happened here. You say $18,666. That's over the limit by $666, assuming your husband isn't at least 50. Can you clarify the $3k number and where it came from? Also, what will your husband's W-2 say? Will it show $18,666 or $15k? Thank you for your reply. I know tha...
by ERISA Stone
Sat Dec 30, 2017 2:46 pm
Forum: Personal Finance (Not Investing)
Topic: Employer messed up 401K & HSA contributions
Replies: 10
Views: 835

Re: Employer messed up 401K & HSA contributions

I don't quite understand what has happened here. You say $18,666. That's over the limit by $666, assuming your husband isn't at least 50.

Can you clarify the $3k number and where it came from?

Also, what will your husband's W-2 say? Will it show $18,666 or $15k?
by ERISA Stone
Sat Dec 30, 2017 2:38 pm
Forum: Investing - Theory, News & General
Topic: How did you guys do in 1966 - 1980?
Replies: 27
Views: 1836

Re: How did you guys do in 1966 - 1980?

I try not to think about that period. Angry at how much I wasted on diapers and milk in 78-80. Probably could've retired by now.
by ERISA Stone
Sat Dec 30, 2017 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: When do true-up employer 401k contributions occur?
Replies: 14
Views: 728

Re: When do true-up employer 401k contributions occur?

The downside is that you have to still be employed at the company at that time in order to receive the true-up. It's a risk I take because I front-load my 401K withdrawals at the absolute max since my industry historically has layoffs later in the year. This is not accurate. Assuming a calendar yea...
by ERISA Stone
Sat Dec 30, 2017 10:18 am
Forum: Personal Finance (Not Investing)
Topic: Another should i buy my dream porsche thread...
Replies: 240
Views: 10854

Re: Another should i buy my dream porsche thread...

Gunn_show has an extremely valid point, one which further begs the question as to what is actionable about this thread. There is nothing that anybody can say that is going to talk you out of it, so just buy the car. I did not come on here to be swayed one way or the other. I am a big boy and make m...
by ERISA Stone
Fri Dec 29, 2017 10:42 pm
Forum: Investing - Help with Personal Investments
Topic: 401k contribution limit affected by LTD?
Replies: 3
Views: 366

Re: 401k contribution limit affected by LTD?

Hi all, I just received my final pay stub for the year. A new line item shows up each year on or near the final paystub under the Earnings portion of the pay stub called "LTdtax", which I believe is my employers contribution to my long term disability insurance (I pay nothing). The amount is $140.8...
by ERISA Stone
Fri Dec 29, 2017 10:32 pm
Forum: Personal Finance (Not Investing)
Topic: Another should i buy my dream porsche thread...
Replies: 240
Views: 10854

Re: Another should i buy my dream porsche thread...

Man, you sure are mixing up / leaving out a lot of details between all your responses. First you were trying to justify your role / one year income bump because you're a VP and all your other senior leadership friends at the office also drive six figure cars to work, thus you would fit right in. Bu...
by ERISA Stone
Fri Dec 29, 2017 10:30 pm
Forum: Personal Finance (Not Investing)
Topic: Another should i buy my dream porsche thread...
Replies: 240
Views: 10854

Re: Another should i buy my dream porsche thread...

Kenkat wrote:
Fri Dec 29, 2017 3:28 pm
If you buy it, you should pull up to the Boglehead’s house, play some AC/DC or Motley Crue and smoke the tires...
There's a Boglehead house? Is this like Animal House?
by ERISA Stone
Fri Dec 29, 2017 2:34 pm
Forum: Investing - Help with Personal Investments
Topic: Severance Pay and 401k contributions
Replies: 15
Views: 1228

Re: Severance Pay and 401k contributions

Can employees make 401(k) contributions from severance payments? (March 28, 2016) Issue: Your company will be having a reduction in force, and you are planning to offer laid-off employees severance benefits, including severance payments. For laid-off employees who are participants in the company's 4...
by ERISA Stone
Fri Dec 29, 2017 11:29 am
Forum: Personal Finance (Not Investing)
Topic: New Tax Law Impact on Georgia & Other Student Scholarship Organizations (SSOs like Georgia GOAL)?
Replies: 4
Views: 177

Re: New Tax Law Impact on Georgia & Other Student Scholarship Organizations (SSOs like Georgia GOAL)?

Be careful as the new tax law may still allow this as a loophole: https://www.npr.org/sections/ed/2017/12/28/572587727/this-tax-loophole-for-wealthy-donors-just-got-bigger Yes, you read that right. If your income is high enough, you can actually make money by giving away money to support scholarshi...
by ERISA Stone
Fri Dec 29, 2017 11:23 am
Forum: Personal Consumer Issues
Topic: Plow Guy Raised Rates
Replies: 112
Views: 9301

Re: Plow Guy Raised Rates

I understand that you don't like the increase, but the letter that rates wouldn't change came from the old company, correct? I agree that the new company shouldn't be bound because the old company sent the letter. Having said that, a one-time $5 discount would be an easy way to create some goodwill.
by ERISA Stone
Thu Dec 28, 2017 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: S-Corp Solo 401k employER contribution is 25% of what?
Replies: 15
Views: 516

Re: S-Corp Solo 401k employER contribution is 25% of what?

I believe compensation for the purposes of S-Corp employer contributions are W-2 box 1 + W-2 Box 12 Code D (401k pre-tax deferrals). S Corporation Compensation and Medical Insurance Issues Here is a snippet from the above link "Health and accident insurance premiums paid on behalf of a greater than...
by ERISA Stone
Thu Dec 28, 2017 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: S-Corp Solo 401k employER contribution is 25% of what?
Replies: 15
Views: 516

Re: S-Corp Solo 401k employER contribution is 25% of what?

Compensation is generally 25% of box 5 of the W-2, which would include the salary deferral. A plan can be written the way Fidelity described but it's not common. What about HSA contributions and Health insurance paid by the S-Corp for > 2% shareholders? These amounts are included in box 1 of W2. My...