Search found 3642 matches

by Earl Lemongrab
Thu Feb 22, 2018 6:13 pm
Forum: Investing - Help with Personal Investments
Topic: First time poster looking for advice [traditional IRA with pension]
Replies: 5
Views: 337

Re: First time poster looking for advice [traditional IRA with pension]

Yes. Husband maxes out his 401K. I thought I read in one of the other forums that there are restrictions for traditional IRA's if you have an employer funded pension. I have a defined benefit pension that is fully funded by my employer. There are restrictions on deducting the contributions. Backdoo...
by Earl Lemongrab
Thu Feb 22, 2018 6:09 pm
Forum: Personal Finance (Not Investing)
Topic: [Is this fund transaction taxable?]
Replies: 5
Views: 289

Re: [Is this fund transaction taxable?]

The only case that isn't is the conversion of one Vanguard share class to another for certain cases, like from Investor to Admiral, or either to ETF , when the share classes are supported. Conversion of a mutual fund share class to a same-fund ETF share class is not a taxable event, but going in th...
by Earl Lemongrab
Thu Feb 22, 2018 5:53 pm
Forum: Personal Finance (Not Investing)
Topic: SEP IRA for 2017 question
Replies: 13
Views: 716

Re: SEP IRA for 2017 question

just open a solo 401k to begin with. You have to do that in the current tax year, I believe. So 2017 is gone. OPer could do it for 2018 forward... Correct. Unless the i401(k) is already open, it's not possible to make an contriutions for 2017. SEP would be the only option, so one could put employer...
by Earl Lemongrab
Thu Feb 22, 2018 5:51 pm
Forum: Personal Finance (Not Investing)
Topic: [Is this fund transaction taxable?]
Replies: 5
Views: 289

Re: [Is this fund transaction taxable?]

You're confused. Converting one mutual fund to a different one is still a sale and purchase, with capital gain/loss in taxable accounts. So yes, going from a mutual fund to the money market would be a taxable transaction. The only case that isn't is the conversion of one Vanguard share class to anot...
by Earl Lemongrab
Thu Feb 22, 2018 12:57 pm
Forum: Investing - Theory, News & General
Topic: What's the impact of no more Roth recharacterization?
Replies: 28
Views: 2367

Re: What's the impact of no more Roth recharacterization?

A separate effect is the removal of the fail-safe for backdoor Roth.
by Earl Lemongrab
Thu Feb 22, 2018 11:12 am
Forum: Investing - Help with Personal Investments
Topic: Married Filing Separately - Recharacterize Roth IRA to nondeductible Traditional and then convert to Roth?
Replies: 13
Views: 937

Re: Married Filing Separately - Recharacterize Roth IRA to nondeductible Traditional and then convert to Roth?

Thanks Earl. Is there a real difference between a recharacterization and a conversion in this case? In practical terms, the form to be filled out is different, I get, and the forms you receive are different (1099-R with or without 5498) but at the end of the day in both cases you've translated a tr...
by Earl Lemongrab
Wed Feb 21, 2018 11:18 am
Forum: Investing - Help with Personal Investments
Topic: Married Filing Separately - Recharacterize Roth IRA to nondeductible Traditional and then convert to Roth?
Replies: 13
Views: 937

Re: Married Filing Separately - Recharacterize Roth IRA to nondeductible Traditional and then convert to Roth?

I am working on a similar issue now due to realized capital gains putting us over the Roth limit. Turbotax will take care of the forms for you right now. It appears it will take a couple days at VG to open a Traditional IRA and then recharacterize the excess Roth to Traditional. I am guessing end o...
by Earl Lemongrab
Tue Feb 20, 2018 1:11 pm
Forum: Investing - Help with Personal Investments
Topic: Bonus contribution to 401k
Replies: 9
Views: 652

Re: Bonus contribution to 401k

At Megacorp, you could put any percentage of the bonus into the 401(k). It counted as elective deferral or Roth (depending on what you chose). It did not get matched, so one had to be careful about getting full match. However, the plan allowed after-tax and in fact switched to that when the deferral...
by Earl Lemongrab
Tue Feb 20, 2018 12:45 pm
Forum: Investing - Theory, News & General
Topic: Does Non-deductible IRA make sense
Replies: 7
Views: 599

Re: Does Non-deductible IRA make sense

Another candidate for that sort of account is REIT, if you have an allocation to that.
by Earl Lemongrab
Tue Feb 20, 2018 12:35 pm
Forum: Investing - Theory, News & General
Topic: Understanding an ETF by it's Name
Replies: 24
Views: 791

Re: Understanding an ETF by it's Name

<grumble> "its name" </grumble>
by Earl Lemongrab
Tue Feb 20, 2018 11:44 am
Forum: Personal Consumer Issues
Topic: Email from IRS this morning- is my information compromised?
Replies: 21
Views: 2318

Re: Email from IRS this morning- is my information compromised?

FrankLUSMC wrote:
Tue Feb 20, 2018 7:44 am
Don't click a link to log on. Go to Irs.gov directly to log on. It probably is fishing. They can spoof a link to look like a good address.
If you hover over the link, you should see the real target.
by Earl Lemongrab
Mon Feb 19, 2018 7:46 pm
Forum: Investing - Help with Personal Investments
Topic: Mega Backdoor Roth IRA & Backdoor Roth IRA
Replies: 4
Views: 625

Re: Mega Backdoor Roth IRA & Backdoor Roth IRA

Each year I've done mega backdoor after-tax rollovers from my employer plan to my Vanguard Roth IRA (I do about 15 per year), they have miscategorized one of the 15 as a contribution instead of a rollover. Last year I was able to handle this solely through their email system (they raised a ticket u...
by Earl Lemongrab
Mon Feb 19, 2018 1:35 pm
Forum: Investing - Help with Personal Investments
Topic: Scottrade migration to TDAM
Replies: 10
Views: 723

Re: Scottrade migration to TDAM

I did send them an email and found out the following: TDAM no longer sells Vanguard funds. (I knew that previously.) My Vanguard ETFs and all other funds and ETFs that TDAM doesn't have will be migrated over. I can't add to the positions but I can keep them. There hasn't been any change to what TDA...
by Earl Lemongrab
Mon Feb 19, 2018 1:31 pm
Forum: Investing - Help with Personal Investments
Topic: 401K rollover [after job loss]
Replies: 6
Views: 424

Re: 401K rollover [after job loss]

I always look for bonuses when I make a substantial move with money. If you'd ok with ETFs, Merrill Edge would give you a bonus and a bunch of free trades for an account of that size.
by Earl Lemongrab
Mon Feb 19, 2018 1:22 pm
Forum: Investing - Help with Personal Investments
Topic: Mega Backdoor Roth IRA & Backdoor Roth IRA
Replies: 4
Views: 625

Re: Mega Backdoor Roth IRA & Backdoor Roth IRA

You need to find out what's going on. It almost sounds like the custodian applied the rollover to regular contributions. If so, then you need to fix that. I'm not sure how that could have happened with a direct rollover though. Get on the horn to Vanguard and get an explanation.
by Earl Lemongrab
Mon Feb 19, 2018 11:57 am
Forum: Personal Finance (Not Investing)
Topic: Do I need to recharacterize?
Replies: 5
Views: 307

Re: Do I need to recharacterize?

If you rolled the 401(k) directly into the Roth IRA, it wouldn't show up on 8606 at all. That was not a conversion. It would go directly to 1040 with the ROLLOVER annotation.
by Earl Lemongrab
Mon Feb 19, 2018 11:54 am
Forum: Personal Consumer Issues
Topic: Best plants to grow to save money for food costs
Replies: 93
Views: 4884

Re: Best plants to grow to save money for food costs

My experience is that raising your own food will cost you 2-3 times what you can buy it for in the local grocery store. It is not possible to beat the economies of scale of commercial agriculture. Of course the quality of home grown food is vastly superior, so it is not apples to apples. There are ...
by Earl Lemongrab
Mon Feb 19, 2018 11:39 am
Forum: Personal Finance (Not Investing)
Topic: tax rollover ?
Replies: 2
Views: 187

Re: tax rollover ?

Are you saying that after the rollover, the custodian of the rollover IRA (Vanguard) distributed the after-tax amount to you? That's not possible. Other than the exception for rollovers of IRAs into company plans, any distribution from a TIRA must be pro-rated with the pretax and after-tax amounts. ...
by Earl Lemongrab
Mon Feb 19, 2018 11:25 am
Forum: Personal Finance (Not Investing)
Topic: Working for a MegaCorp vs a Small Business
Replies: 19
Views: 1294

Re: Working for a MegaCorp vs a Small Business

Anyway, I’d like to hear why folks don’t like working for MegaCorps. Why isn’t having a window office of the 50th floor of a S&P 500 company the way to go? I worked at a Megacorp for 36+ years. Actually at a large company that merged with another to form a really large one. Anyway, the chances of h...
by Earl Lemongrab
Sun Feb 18, 2018 1:31 pm
Forum: Investing - Help with Personal Investments
Topic: Convert to ETF (not at Vanguard)
Replies: 20
Views: 1550

Re: Convert to ETF (not at Vanguard)

This thread isn't about bonuses, but as far as your free lunch, someone else paid for it. Why would I care who paid, as long as it isn't me? Anyway, getting back to converting mutual funds to ETF, is bouncing around for best deals a common reason why folks actually do this? And do folks really do t...
by Earl Lemongrab
Sun Feb 18, 2018 1:27 pm
Forum: Personal Consumer Issues
Topic: Best plants to grow to save money for food costs
Replies: 93
Views: 4884

Re: Best plants to grow to save money for food costs

Well that's annoying, just finished typing up a whole long post about how cost effective growing certain vegetables and herbs are, but when I hit submit my login had timed out and system wanted me to log-in again. Once I did that, post was gone! Ughh! Is there a way to keep site from logging out af...
by Earl Lemongrab
Sun Feb 18, 2018 10:42 am
Forum: Investing - Help with Personal Investments
Topic: Convert to ETF (not at Vanguard)
Replies: 20
Views: 1550

Re: Convert to ETF (not at Vanguard)

Why would I use a brokerage that doesn't pay transfer bonuses? Simplicity. Adequacy. Laziness. No free lunch. If the lunch isn't free, then why I haven't received the bill? Do you actually have any experience with these brokerages, or just platitudes? Sure, you can game the credit card reward bonus...
by Earl Lemongrab
Sat Feb 17, 2018 10:41 am
Forum: Investing - Help with Personal Investments
Topic: How to negotiate free trades with TDAmeritrade (?)
Replies: 17
Views: 703

Re: How to negotiate free trades with TDAmeritrade (?)

Why stay with TDA if you're unhappy? Pack it up, move to Merrill Edge for a bonus, enjoy free trades. That assumes you have at least 50k.
by Earl Lemongrab
Sat Feb 17, 2018 10:31 am
Forum: Investing - Help with Personal Investments
Topic: Need Help - Triggered Pro-Rata Rule on Roth IRA Conversion But Haven't Filed Yet
Replies: 6
Views: 459

Re: Need Help - Triggered Pro-Rata Rule on Roth IRA Conversion But Haven't Filed Yet

When or for what year the contribution was is irrelevant to recharacterization of a conversion. Only the year in which the conversion was done matters. As that was 2017, you have until tax deadline with extensions for recharacterization (last chance as it goes away in the new tax law). Does your 401...
by Earl Lemongrab
Sat Feb 17, 2018 10:21 am
Forum: Investing - Help with Personal Investments
Topic: Roll deductible tira contributions to 401k and Roth converting the non-deductible portion
Replies: 2
Views: 164

Re: Roll deductible tira contributions to 401k and Roth converting the non-deductible portion

First check the rules of your plan. Some allow any pretax IRA amounts. Others restrict rollovers to "pure" rollover accounts.
by Earl Lemongrab
Sat Feb 17, 2018 10:06 am
Forum: Investing - Theory, News & General
Topic: Quick Question: Too high of salary for a traditional IRA?
Replies: 9
Views: 892

Re: Quick Question: Too high of salary for a traditional IRA?

You've been asked a couple of times as to whether you have any workplace plans. Do you? This affects the result.
by Earl Lemongrab
Sat Feb 17, 2018 9:53 am
Forum: Personal Consumer Issues
Topic: Best plants to grow to save money for food costs
Replies: 93
Views: 4884

Re: Best plants to grow to save money for food costs

Two years ago when I bought tomato plants they only had six-packs. My well-amended front garden with the fence and netting really only holds four plants. The other two I just stuck in the backyard at the sunniest places I could find. They grew much smaller than their favored siblings, produced few f...
by Earl Lemongrab
Sat Feb 17, 2018 9:47 am
Forum: Personal Finance (Not Investing)
Topic: HR Block vs Turbo Tax to compare to accountant?
Replies: 7
Views: 428

Re: HR Block vs Turbo Tax to compare to accountant?

I use Block desktop, but I don't have rental properties. It's significantly cheaper than TT most of the time.
by Earl Lemongrab
Sat Feb 17, 2018 9:16 am
Forum: Personal Consumer Issues
Topic: Best plants to grow to save money for food costs
Replies: 93
Views: 4884

Re: Best plants to grow to save money for food costs

If you use fresh herbs, then that's a great bang for the buck. They grow easily from seed, and the product in the stores is expensive for many varieties. However, dried herbs aren't very expensive, so if that's what you're using it won't save much. Snow peas and snap peas are another thing that are ...
by Earl Lemongrab
Sat Feb 17, 2018 9:02 am
Forum: Investing - Help with Personal Investments
Topic: Convert to ETF (not at Vanguard)
Replies: 20
Views: 1550

Re: Convert to ETF (not at Vanguard)

I'm not sure I made that suggestion, but I do use Vanguard, and you gave a pretty good answer to why one should consider moving to Vanguard. OP, is there a reason you're trying to get away from Vanguard or you're stuck at another brokerage? Why would I use a brokerage that doesn't pay transfer bonu...
by Earl Lemongrab
Sat Feb 17, 2018 12:51 am
Forum: Investing - Help with Personal Investments
Topic: Moving my simple IRA. Investment options for my children?
Replies: 10
Views: 429

Re: Moving my simple IRA. Investment options for my children?

PR8 wrote:
Fri Feb 16, 2018 8:46 pm
Earl Lemongrab wrote:
Fri Feb 16, 2018 4:32 pm
How much is in the account?
40K
Well, you get could get $150 bonus at Merrill Edge, but that level won't get you the free trades. If you have another account you could also move that would get you over 50k then you'd qualify.

https://www.merrilledge.com/preferred-rewards
by Earl Lemongrab
Sat Feb 17, 2018 12:41 am
Forum: Investing - Help with Personal Investments
Topic: Convert to ETF (not at Vanguard)
Replies: 20
Views: 1550

Re: Convert to ETF (not at Vanguard)

Why bother doing it? I have funds at Vanguard and haven't had a reason. I guess you've missed all the various threads about other brokerages. Lots of people want to use some other custodian besides Vanguard. If you do, then holding ETFs makes a lot of sense. Sorry, I still don't get it. I assumed t...
by Earl Lemongrab
Fri Feb 16, 2018 4:39 pm
Forum: Investing - Help with Personal Investments
Topic: Are we TOO diversified? Time to hire a professional? Who has?
Replies: 14
Views: 1855

Re: Are we TOO diversified? Time to hire a professional? Who has?

It's unlikely you have too much diversification. You might well have too much complexity. As others have said, tell us what you have.

Most of the time, a "professional" wouldn't help at all. It's not difficult to set up and manage yourself a good portfolio.
by Earl Lemongrab
Fri Feb 16, 2018 4:32 pm
Forum: Investing - Help with Personal Investments
Topic: Moving my simple IRA. Investment options for my children?
Replies: 10
Views: 429

Re: Moving my simple IRA. Investment options for my children?

How much is in the account? I'm always looking for bonuses to move my money. I personally don't think you need an adviser at all. Just set up a reasonable portfolio and DIY.
by Earl Lemongrab
Fri Feb 16, 2018 4:00 pm
Forum: Investing - Help with Personal Investments
Topic: When is the best time to contribute to an IRA?
Replies: 7
Views: 994

Re: When is the best time to contribute to an IRA?

Yes, money in taxable is growing, but not in a tax-advantaged situation. If you have to sell that to fund the IRA at a later point, then it might generate short-term capital gains. If you don't know which will be better, choose the most probable. Then later if you decide that the other was more appr...
by Earl Lemongrab
Fri Feb 16, 2018 3:56 pm
Forum: Investing - Help with Personal Investments
Topic: Convert to ETF (not at Vanguard)
Replies: 20
Views: 1550

Re: Convert to ETF (not at Vanguard)

inbox788 wrote:
Thu Feb 15, 2018 7:44 pm
Why bother doing it? I have funds at Vanguard and haven't had a reason.
I guess you've missed all the various threads about other brokerages. Lots of people want to use some other custodian besides Vanguard. If you do, then holding ETFs makes a lot of sense.
by Earl Lemongrab
Fri Feb 16, 2018 3:07 pm
Forum: Investing - Help with Personal Investments
Topic: Tax loss harvesting MUB
Replies: 11
Views: 936

Re: Tax loss harvesting MUB

Not that I've ever seen. That's the safe play for the IRS. Considering how low a profit opportunity it is for them, I don't think there's much chance of anything else. Even if a loss is disallowed due to wash sale you can still add it to your cost basis which just postpones you being able to take i...
by Earl Lemongrab
Fri Feb 16, 2018 2:11 pm
Forum: Investing - Help with Personal Investments
Topic: Torn between Vanguard, Fidelity and Schwab
Replies: 127
Views: 8871

Re: Torn between Vanguard, Fidelity and Schwab

I can not believe the 'stuff'' I have read on this topic. I am an ex-Fidelity, ex-Schwab user and I have been at Vanguard for the last 20+ years. Each has its attributes but V is all-around most client friendly. That's highly questionable. Vanguard doesn't even have reps available on weekends and n...
by Earl Lemongrab
Fri Feb 16, 2018 1:58 pm
Forum: Investing - Help with Personal Investments
Topic: Tax loss harvesting MUB
Replies: 11
Views: 936

Re: Tax loss harvesting MUB

VTEB and MUB tracks the same index: S&P National AMT-Free Municipal Bond Index. You might be subject to "substantially identical" rule if you cross-over into this gray area. There's never been a reported case that anyone has found of the IRS declaring a wash in a case like this. Has there been a re...
by Earl Lemongrab
Thu Feb 15, 2018 7:17 pm
Forum: Personal Consumer Issues
Topic: How do docs treat "white coat hypertension"?
Replies: 35
Views: 2079

Re: How do docs treat "white coat hypertension"?

When I got my home unit, the doctor had me bring it for a comparison. She took it, then we did one with the device. They were close.
by Earl Lemongrab
Thu Feb 15, 2018 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: Need help with Schedule D
Replies: 14
Views: 701

Re: Need help with Schedule D

Most tax programs allow you to do multiple returns.
by Earl Lemongrab
Thu Feb 15, 2018 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Legal Docs
Replies: 16
Views: 1307

Re: Legal Docs

I am also a retired attorney and worked in the trusts and estates area and I have still paid attorneys on two occasions to prepare and update my estate planning documents. It's not something you want done incorrectly. There are no do overs. Gill This is key - by the time it is determined something ...
by Earl Lemongrab
Wed Feb 14, 2018 9:07 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 5600
Views: 1265646

Re: U.S. stocks in freefall

Apparently my bold move in VOO (five whole shares) has arrested the slide. Who knows if I will get a chance to brazenly TLH that for IVV? Just keep buying more. Eventually you'll have a chance. Edited to add: If you don't, bully for us. I really don't want any more large blend. Maybe VIOV tomorrow.
by Earl Lemongrab
Wed Feb 14, 2018 6:53 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 5600
Views: 1265646

Re: U.S. stocks in freefall

Apparently my bold move in VOO (five whole shares) has arrested the slide. Who knows if I will get a chance to brazenly TLH that for IVV?
by Earl Lemongrab
Wed Feb 14, 2018 3:58 pm
Forum: Investing - Help with Personal Investments
Topic: Looking for a $0 Fee Brokerage for IRA
Replies: 5
Views: 769

Re: Looking for a $0 Fee Brokerage for IRA

I think people worry too much about transfer fees. Unless you're going to Vanguard you'll probably be able to get the receiving custodian to pay that. I have no idea what a "reorganization fee" is, but no discount brokerage I have used has any ongoing fees.
by Earl Lemongrab
Wed Feb 14, 2018 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: Ramifications of naming your trust as your 401k beneficiary
Replies: 7
Views: 953

Re: Ramifications of naming your trust as your 401k beneficiary

Are you sure that the trust will have to pay taxes on the RMD versus being spun out to the beneficiaries with K-1 forms?
by Earl Lemongrab
Wed Feb 14, 2018 11:37 am
Forum: Investing - Help with Personal Investments
Topic: Anyone Using ALLY Investment Account?
Replies: 10
Views: 1772

Re: Anyone Using ALLY Investment Account?

I fell for the $200 bonus promise too. I opened an Ally Invest account, figuring to use it for cash-type investments, and set about making the three required trades. The fees are insane - the $4.95 or the $1 for bond trades listed on the info page appear to be fictional. When I put in actual trades...
by Earl Lemongrab
Wed Feb 14, 2018 1:40 am
Forum: Investing - Help with Personal Investments
Topic: Why not just do CDs and skip bonds?
Replies: 37
Views: 6985

Re: Why not just do CDs and skip bonds?

Some 401(k) plans have a "brokerage link" where you can invest in brokered CDs among other things. Also, many 401(k) plans have stable value funds (which may or may not have a competitive interest rate). Brokered CDs are essentially bonds. They have similar change in value due shifting interest rat...
by Earl Lemongrab
Tue Feb 13, 2018 4:50 pm
Forum: Investing - Help with Personal Investments
Topic: Brokerage recommendation
Replies: 11
Views: 556

Re: Brokerage recommendation

Customer service complaints are terrible about Fidelity. Not usually around here. Fidelity is pretty well-regarded. Right now they aren't offering any bonuses I can use, so I wouldn't consider them, but that might not matter to you. I like Merrill Edge, because they have bonuses and lots of good fe...