Search found 334 matches

by FB01
Sun Jul 24, 2016 12:10 pm
Forum: Investing - Help with Personal Investments
Topic: 529 plans?
Replies: 31
Views: 3095

Re: 529 plans?

I assume you read the wiki article on this? https://www.bogleheads.org/wiki/529_plan There are also lots of great discussions on pros/cons if you search for other threads. Personally I love 529s - since there are so few tax-advantaged saving mechanisms why not take advantage of all those available ...
by FB01
Sat Jul 23, 2016 9:22 pm
Forum: Investing - Help with Personal Investments
Topic: Dump $5500 to Roth IRA on Day 1 of every year or split contribution to 12 months?
Replies: 32
Views: 2959

Re: Dump $5500 to Roth IRA on Day 1 of every year or split contribution to 12 months?

This is an interesting question. I always try to contribute the full amount as soon as possible. The only reason not to do this is if you think you might exceed the contribution limits. If this is the case - you might think about dollar cost averaging a little every month. As it gets closer to the ...
by FB01
Thu Apr 28, 2016 8:58 pm
Forum: Personal Consumer Issues
Topic: To do Fumigation or not?
Replies: 2
Views: 366

To do Fumigation or not?

Hello, I just bought house which is 36 years old. We did Pest inspection and there are couple of spot where dry wood termite were found. I did the inspection with 3 companies and all 3 companies said Fumigation is not required as termites can be locally treated. However am in double mind..do still I...
by FB01
Wed Apr 27, 2016 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance or pay extra money towards principal - which is better in saving interest
Replies: 8
Views: 896

Re: Refinance or pay extra money towards principal - which is better in saving interest

Option 1 sounds more like a Recast than a Refinance. A Recast will not save you any interest and may very well cost you additional interest instead if you don't continue monthly payments in the amount you were prior to that Recast. Option 2 will save you interest as would applying any amount of add...
by FB01
Wed Apr 27, 2016 10:40 am
Forum: Personal Finance (Not Investing)
Topic: Refinance or pay extra money towards principal - which is better in saving interest
Replies: 8
Views: 896

Refinance or pay extra money towards principal - which is better in saving interest

Hi, Suppose I buy 1,000,000 house got 3.50% for 30 years. I paid down payment of 20% so I got loan for 800,000 so my monthly payment comes to approx $3600. Now, I have $50,000 money which I would like pay. Which will help me in saving better in interest Option 1 : Refinance with my mortgage company ...
by FB01
Tue Feb 23, 2016 11:35 am
Forum: Investing - Help with Personal Investments
Topic: Question regarding form 8606
Replies: 10
Views: 529

Re: Question regarding form 8606

okay... So for this question I answered "Yes" even though I contributed to Roth IRA in 2015 Q- "Did I make Roth IRA contribution in 2015? Answer yes if you haven't contributed to a Roth IRA yet, but plan to by April 18,2016"" Next Question Enter Total Roth IRA Contribution f...
by FB01
Tue Feb 23, 2016 11:05 am
Forum: Investing - Help with Personal Investments
Topic: Question regarding form 8606
Replies: 10
Views: 529

Re: Question regarding form 8606

Hi, This is the first question i am getting Select the kind of IRA's I will contribute for 2015. If you own or contribute to both traditional IRA and Roth IRA , check both here and we will work on traditional IRA first I am checking Roth IRA then it says " Did I make Roth IRA contribution in 20...
by FB01
Tue Feb 23, 2016 10:49 am
Forum: Investing - Help with Personal Investments
Topic: Question regarding form 8606
Replies: 10
Views: 529

Re: Question regarding form 8606

-Tell us I made contribution to Tradional IRA for 2015. I answer YES So, answer NO for this question because you didn't make a traditional IRA contribution. What happens? Wow..no complication now.. Initially, it asked me "Select the kind of IRA's I will contribute for 2015. If you own or contr...
by FB01
Tue Feb 23, 2016 10:31 am
Forum: Investing - Help with Personal Investments
Topic: Question regarding form 8606
Replies: 10
Views: 529

Re: Question regarding form 8606

I don't think you made a contribution to a traditional IRA in 2015. From a quick read of what you wrote in the first post of this thread (meaning I could have this wrong): 1. You made a Roth IRA contribution. 2. You recharacterized the Roth IRA to a traditional IRA. 3. You converted a traditional I...
by FB01
Tue Feb 23, 2016 10:06 am
Forum: Investing - Help with Personal Investments
Topic: Question regarding form 8606
Replies: 10
Views: 529

Question regarding form 8606

Hi, Have question regarding form 8606 as not sure what to fill where? I contributed 5500 to Roth IRA in 2015 but my income exceed by end of year so I did backdoor Roth IRA My Roth IRA increased to 6000 which I transferred to Traditional IRA and then when I moved from traditional IRA to Roth IRA, the...
by FB01
Mon Feb 22, 2016 4:30 pm
Forum: Investing - Help with Personal Investments
Topic: Tax form to be filled for Back Door Roth IRA
Replies: 8
Views: 597

Re: Tax form to be filled for Back Door Roth IRA

DSInvestor wrote:The 1099-R covers the Roth conversion and not the TIRA contribution. Make sure to enter your Traditional IRA contributions as well into your tax software.


So 8606 is the only form I need to fill or is there any other form?

JR
by FB01
Mon Feb 22, 2016 11:12 am
Forum: Investing - Help with Personal Investments
Topic: Tax form to be filled for Back Door Roth IRA
Replies: 8
Views: 597

Tax form to be filled for Back Door Roth IRA

Hi, I had put money in Roth IRA but my income exceeded the limit so end of the FY 2015, I did the Back door Roth IRA for me and my wife's account. Because of this I had some gain/loss. I read that I had to fill form 8606. Vanguard has send me form 1099-R. Is that the one I need to update in form 860...
by FB01
Sat Feb 20, 2016 1:24 pm
Forum: Personal Consumer Issues
Topic: Trip to LA for 5 days
Replies: 30
Views: 2226

Re: Trip to LA for 5 days

Hello all,

Thank your for all the inputs.

Quick question: Are the LA beaches cold June? In Bay Area, any point of time the water in the sea is cold...is it the same in LA also..like Newport, Venice, Laguna etc..

-JR
by FB01
Wed Feb 17, 2016 4:19 pm
Forum: Personal Consumer Issues
Topic: Trip to LA for 5 days
Replies: 30
Views: 2226

Trip to LA for 5 days

Hi, I will be driving to LA from Bay Area for 5 days. I am with 2 young kids (6 and 3). My main purpose is to go for Disneyland so I will be staying near Anaheim. So far I am planing below. Any other ideas are welcome 1 day - Disneyland 2nd day - Universal Studio 3rd day - Laguna beach and Venice Be...
by FB01
Fri Nov 20, 2015 12:25 pm
Forum: Investing - Help with Personal Investments
Topic: Back door Roth IRA for 2016
Replies: 1
Views: 328

Back door Roth IRA for 2016

Hi, For 2015, I contributed to Roth IRA and then my income increased more that 183K so I will be calling Vanguard to recharacterize Roth to Traditional IRA. Question for 2016: Now, I am not sure if my income will be more that 183K next year. So should I contribute to Roth IRA on first day of 2016 an...
by FB01
Tue Nov 17, 2015 1:44 pm
Forum: Investing - Help with Personal Investments
Topic: Roth contributed - Income exceeded - one last check
Replies: 6
Views: 477

Re: Roth contributed - Income exceeded - one last check

Is there anything you can do to reduce your AGI before year end? If spouse has 401k that is not maxed out, max that out before Dec 31. HSA contributions. Tax loss harvest in the taxable account to offset capital gains. Net capital loss can reduce AGI by up to 3K. Hi DSInvestor, My wife does not wor...
by FB01
Tue Nov 17, 2015 1:12 pm
Forum: Investing - Help with Personal Investments
Topic: Roth contributed - Income exceeded - one last check
Replies: 6
Views: 477

Re: Roth contributed - Income exceeded - one last check

Note that the MAGI phaseout is 183-193k, so if MAGI is within the range, you only need to do a partial recharacterization, keeping the amount you are eligible to contribute in the Roth. That will avoid taxes on the share of the earnings attributed to the amount of the partial Roth contribution you e...
by FB01
Tue Nov 17, 2015 1:04 pm
Forum: Investing - Help with Personal Investments
Topic: Roth contributed - Income exceeded - one last check
Replies: 6
Views: 477

Re: Roth contributed - Income exceeded - one last check

For example a married couple who have 210K of gross salary who maxes out Traditional 401k for 18K would have AGI of 174K and be eligible for direct Roth IRA contributions.[/quote] Hi DSInvestor, I forgot to mention. After deducting my 18K for 401k, my income exceeds 183K. Would appreciate if the pro...
by FB01
Tue Nov 17, 2015 12:48 pm
Forum: Investing - Help with Personal Investments
Topic: Roth contributed - Income exceeded - one last check
Replies: 6
Views: 477

Roth contributed - Income exceeded - one last check

Hi, I am going to call Vanguard today but want to just confirm again the process as this is my first time Summary : I contributed 11000 for me any wife in Roth for 2015 and now my income is going to exceed 183K. Need to do : I will call Vanguard and ask them to recharacterize the Roth to Traditional...
by FB01
Tue Aug 04, 2015 10:52 am
Forum: Personal Consumer Issues
Topic: Cancelling credit after first year?
Replies: 6
Views: 656

Cancelling credit after first year?

Hi, I had got Southwest Chase credit card and United Explorer Mileage credit card just for the miles. Now a year is up and I will be charged the annual fee. Is it good idea to cancel the cards? I won't be using those cards. Also,I am planning to buy a house pretty soon so will canceling the card be ...
by FB01
Mon Aug 03, 2015 12:21 am
Forum: Personal Finance (Not Investing)
Topic: Credit Card Rewards (Travel)
Replies: 284
Views: 41286

Re: Credit Card Rewards (Travel)

Since June 2014, between two people, all are the sign-up portions: 1. 70K Chase UR (via Chase Ink Plus, $0 fee first year), 2. 55K United (via Chase United MP, $0 fee first year), 3. 40K US Airways (via Barclays, $89 fee), 4. 100K American (via Citibank Executive AA Card, $450 fee, $200 rebated; al...
by FB01
Sun Aug 02, 2015 5:36 pm
Forum: Personal Consumer Issues
Topic: Aloha Mind math for 5 year old
Replies: 8
Views: 2047

Aloha Mind math for 5 year old

Hello,

My kid will be turning 5 next month and planning to put her in Aloha Math mind. Do any of you guys recommend to keep her in that early age or should I enroll her later when she is in 2nd/3rd grade.

Does it really helps? If anybody who has the experience, would appreciate.

Thanks,
FB
by FB01
Fri Jul 24, 2015 11:30 pm
Forum: Personal Consumer Issues
Topic: Wedding Reception
Replies: 68
Views: 9516

Re: Wedding Receiption

We had an open bar at our wedding. No cash bar and no tipping. Wine, beer, liquor, and specialty cocktails. Never heard one complaint and got a lot of thank yous and compliments. It may sound tacky, but the booze is what makes a wedding fun :) To answer your question, it isn't needed but if you do ...
by FB01
Tue Jul 21, 2015 12:20 pm
Forum: Personal Consumer Issues
Topic: 2007 Toyota Camry Issue
Replies: 20
Views: 1941

Re: 2007 Toyota Camry Issue

I just talked to my husband, who has owned an auto repair shop for over 20 years, and got his opinion. He says: 1. Try physically bouncing the car at both the front and rear ends. If the car continues to bounce more than once after you stop, the struts need to be replaced. Otherwise, they can wait....
by FB01
Tue Jul 21, 2015 12:21 am
Forum: Personal Consumer Issues
Topic: 2007 Toyota Camry Issue
Replies: 20
Views: 1941

Re: 2007 Toyota Camry Issue

Thank you all for your replies.

I called and independent auto repair shop and he quoted 450-500 for changing water pump and drive belt.

As you guys mentioned, Strut is not important to change immediately, I will go ahead and change water pump first.

-FB
by FB01
Mon Jul 20, 2015 1:33 pm
Forum: Personal Consumer Issues
Topic: 2007 Toyota Camry Issue
Replies: 20
Views: 1941

Re: 2007 Toyota Camry Issue

Thank you all for your inputs. My car is 2007 XLE and the quote given is from my dealer. I live in Bay Area, CA so I guess price should be higher. I thought Strut was important so I tried to contact some repair shop and he gave me quote of $800 for both front and rear strut. Dealer gave me quote of ...
by FB01
Mon Jul 20, 2015 11:40 am
Forum: Personal Consumer Issues
Topic: 2007 Toyota Camry Issue
Replies: 20
Views: 1941

2007 Toyota Camry Issue

Hi, I have a Toyota 2007 camry and have put on 62K miles. I went for the normal check up and the person said i have below 2 issues which needs repair and cost is around 3000 dollars 1) Struts : Front and Rear struts are leaking (Leaking Leve is 2) 2) Engine Water pump leaking and changing accessory ...
by FB01
Fri Jul 10, 2015 9:46 am
Forum: Investing - Help with Personal Investments
Topic: Brokerage fees on Tax reporting
Replies: 1
Views: 231

Brokerage fees on Tax reporting

Hi, I bought 100 shares at $40 and there was brokerage fee of 7.00 dollars. So my principal amount is 100X40 = 4000 and net amount will be 4007 (plus $7 brokerage fees) I sold the same set of shares for $50. So my principal amount will be 5000 and net amount will be 4993 (minus $7 brokerage fees) Ne...
by FB01
Mon Jun 29, 2015 11:37 am
Forum: Investing - Help with Personal Investments
Topic: Confusion about Roth IRA income contribution limit
Replies: 18
Views: 1396

Re: Confusion about Roth IRA income contribution limit

-FB[/quote] The entire first page of the 1040 tax form is to get to your AGI. We do not know what your tax situation is. 1. Pls try to calculate your AGI and then make adjustments to get your MAGI for Roth IRA purposes. 2. Your number of 191K for MAGI for Roth IRA purposes is wrong. Here's a link to...
by FB01
Mon Jun 29, 2015 10:19 am
Forum: Investing - Help with Personal Investments
Topic: Confusion about Roth IRA income contribution limit
Replies: 18
Views: 1396

Re: Confusion about Roth IRA income contribution limit

For Roth IRA contribution income limit, I believe I need to see tax line item 37 in 1040 form which should not go beyond 193K for Married-Filling Jointly. Did you notice that DSInvestor mentioned the term Modified AGI? Line 37 is your AGI but what you need to calculate is the Modified AGI as define...
by FB01
Mon Jun 29, 2015 12:54 am
Forum: Investing - Help with Personal Investments
Topic: Confusion about Roth IRA income contribution limit
Replies: 18
Views: 1396

Re: Confusion about Roth IRA income contribution limit

FB, You may be able to do backdoor Roth contributions instead. See: https://www.bogleheads.org/wiki/Backdoor_Roth_IRA However, if you already have deductible contributions in any traditional IRA, you may have second thoughts. If you have questions, just ask. There are also many threads here that ta...
by FB01
Mon Jun 29, 2015 12:17 am
Forum: Investing - Help with Personal Investments
Topic: Housing Market in Southern California
Replies: 32
Views: 5043

Re: Housing Market in Southern California

hi,

My experience is totally opposite..I live in Bay area and whenever I go to see houses with good school district San Jose, Pleasanton etc...I see too many people coming to see 800-900K houses and the thing is they get sold within a week.

Crazy market...

-FB
by FB01
Mon Jun 29, 2015 12:11 am
Forum: Investing - Help with Personal Investments
Topic: Confusion about Roth IRA income contribution limit
Replies: 18
Views: 1396

Confusion about Roth IRA income contribution limit

Hello, For Roth IRA contribution income limit, I believe I need to see tax line item 37 in 1040 form which should not go beyond 193K for Married-Filling Jointly. I always do Standard deduction. This year I changed jobs and have got RSU's and might be getting some bonus (getting both for the first ti...
by FB01
Thu Jun 25, 2015 1:34 pm
Forum: Investing - Help with Personal Investments
Topic: Recharacterzing Roth IRA
Replies: 5
Views: 561

Re: Recharacterzing Roth IRA

You can open a Traditional IRA online. Call or email and ask Vanguard to recharacterize the Roth to Traditional. After they complete that and the money is in the Traditional, there will be a button to convert. It's pretty easy and you're right, you will have to pay taxes on the gains. Hello Mickens...
by FB01
Wed Jun 24, 2015 12:28 pm
Forum: Investing - Help with Personal Investments
Topic: Recharacterzing Roth IRA
Replies: 5
Views: 561

Recharacterzing Roth IRA

Hi, I contributed for my Roth IRA for this year for me and my wife and now I think my MAGI is going to increase so I will be recharacterzing my Roth. This is what I am going to do 1) Call Vanguard to open TIRA account for me and my wife. 2) Move the funds from Roth IRA account to those TIRA accounts...
by FB01
Fri May 22, 2015 9:06 pm
Forum: Investing - Help with Personal Investments
Topic: 529 before conceiving a child?
Replies: 12
Views: 1153

Re: 529 before conceiving a child?

hello,

If you definatly know you are going to have a baby, open it now. You can put yourself as beneficiary and can put your kids name whenever you want. I opened the account when my kid was born but if I had known the option, would have opened before. It is just about compound interest.

-FB
by FB01
Thu May 14, 2015 12:48 pm
Forum: Investing - Help with Personal Investments
Topic: Short term strategy
Replies: 2
Views: 359

Short term strategy

Hi, I generally go for long term investment in individual stock. However, I had a discussion with a friend he said that if he see 100 dollars up in the particular stock, he will immediately sell it and he does this frequently. Just wanted to check if any short term investor follow this type of strat...
by FB01
Wed Apr 22, 2015 1:00 am
Forum: Personal Finance (Not Investing)
Topic: MAGI exceed limit - Confirming Roth IRA transfer process
Replies: 12
Views: 1316

Re: MAGI exceed limit - Confirming Roth IRA transfer process

3) Transfer Roth IRA amount for 2015 (Contribution + Earnings) ..saying 6000 from my Roth iRA and 6200 from my wife's Roth IRA to the TIRA account in step 1 and 2 Use the word "recharacterize" instead of transfer. This is a "do over". It's as if you contributed to the TIRA all a...
by FB01
Tue Apr 21, 2015 10:41 am
Forum: Personal Finance (Not Investing)
Topic: MAGI exceed limit - Confirming Roth IRA transfer process
Replies: 12
Views: 1316

Re: MAGI exceed limit - Confirming Roth IRA transfer process

The Rollover 401K IRA is only in my name. Someone from this forum advised and I need NOT do anything for my wife's Roth IRA. The reason you are recharacterizing in the first place is because your joint income is too high to make direct contributions to a Roth IRA. That means her joint income is too...
by FB01
Mon Apr 20, 2015 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: MAGI exceed limit - Confirming Roth IRA transfer process
Replies: 12
Views: 1316

Re: MAGI exceed limit - Confirming Roth IRA transfer process

I have contributed 5500 to Roth IRA for me and my wife (my wife does not work) for 2015 with Vanguard. Does this mean you contributed $5.5K to a Roth IRA for yourself and $5.5K to a Roth IRA for your wife? Because if you also contributed for your wife then she will have to recharacterize her Roth I...
by FB01
Mon Apr 20, 2015 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: MAGI exceed limit - Confirming Roth IRA transfer process
Replies: 12
Views: 1316

Re: MAGI exceed limit - Confirming Roth IRA transfer process

You seem to be confusing 401k accounts with IRA accounts. They are separate and different. You current have a rollover IRA. It came from a 401k, but it is a rollover IRA. To facilitate the back door Roth, you are correct to roll it into your 401k plan after you have checked to be sure your 401k pla...
by FB01
Mon Apr 20, 2015 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: MAGI exceed limit - Confirming Roth IRA transfer process
Replies: 12
Views: 1316

MAGI exceed limit - Confirming Roth IRA transfer process

Hi, I am in the process of doing what was suggested but want to make sure I am doing it correctly. Issue : I have contributed 5500 to Roth IRA for me and my wife (my wife does not work) for 2015 with Vanguard. However, now I think that my MAGI is going to increase more then 183K for this year which ...
by FB01
Fri Apr 17, 2015 1:44 pm
Forum: Investing - Help with Personal Investments
Topic: Confusion regarding Expense ratio
Replies: 3
Views: 601

Confusion regarding Expense ratio

hi, I rolled over my 401k in Vanguard to VTSAX which has Gross Expense ratio of 0.05. My employer 401K plan has same Vanguard fund but with gross expense ration of 0.0157%. It says Gross Expense Ratio per $1,000 is $.016. Assuming I have 50K in my Vanguard 401k, how much will I be saving in a year i...
by FB01
Fri Apr 17, 2015 11:27 am
Forum: Investing - Help with Personal Investments
Topic: VTSMX - How to measure how much it is down during trade day
Replies: 5
Views: 734

Re: VTSMX - How to measure how much it is down during trade

With mutual funds you really think in share prices. VTSMX Total Stock Market tracks the total market. If the market is down 2.5%, the fund will likely be down 2.5%. You can also look at VTI ETF which is the ETF share class of Vanguard Total Stock Market Index VTSMX/VTSAX. So if I see VTF, it is dow...
by FB01
Fri Apr 17, 2015 10:31 am
Forum: Investing - Help with Personal Investments
Topic: VTSMX - How to measure how much it is down during trade day
Replies: 5
Views: 734

VTSMX - How to measure how much it is down during trade day

Hi, If I buy VTSMX, I will come to the price at what I got only after the market closes. Yesterday VTSMX was 53.20 and currently market is down approx. 250 points. Now, is there any other way, I can know that VTSMX might have reduced to 52.50(just a guess) today because of the market going down. Jus...
by FB01
Sun Mar 01, 2015 9:24 pm
Forum: Investing - Theory, News & General
Topic: Vanguard 529 plans
Replies: 4
Views: 904

Re: Vanguard 529 plans

VG offers 3 options in their age based 529 savings plan, "conservative, moderate and aggressive". We have been using the aggressive option, and due to mostly luck, have been rewarded since most deposits have been post-2009. At this time the aggressive option, in my son's age group, is 50:...
by FB01
Thu Feb 26, 2015 11:27 am
Forum: Investing - Help with Personal Investments
Topic: Roth IRA Contribution limit - MAGI - which line on 1040
Replies: 6
Views: 407

Re: Roth IRA Contribution limit - MAGI - which line on 1040

dbltrbl wrote:Line 37:))


Thanks for the quick reply. I had HSA contribution in 2014 but I will not have in 2015 so I guess line 22 and 37 will show the same amount. Am I getting correct?
by FB01
Thu Feb 26, 2015 11:24 am
Forum: Investing - Help with Personal Investments
Topic: Roth IRA Contribution limit - MAGI - which line on 1040
Replies: 6
Views: 407

Roth IRA Contribution limit - MAGI - which line on 1040

Hi,

For filing jointly ROTH IRA contribution, MAGI should be less than 183K. Am getting confused.

Which line on form 1040, it considers for MAGI? Is it line 22 or line 37? On which line I have to see that income is less 183K

Thanks,
FB
by FB01
Fri Feb 13, 2015 12:18 pm
Forum: Investing - Help with Personal Investments
Topic: RSU Understanding question
Replies: 8
Views: 782

Re: RSU Understanding question

The only thing I would add is that some companies "sell" some of your shares at vesting to cover your tax (basically equivalent to withholding). So in your example, when shares worth 10,000 are vested, you may only receive shares worth 7,000 because 3,000 have been used to pay the income ...
by FB01
Fri Feb 13, 2015 9:49 am
Forum: Investing - Help with Personal Investments
Topic: RSU Understanding question
Replies: 8
Views: 782

Re: RSU Understanding question

SteveM wrote:Yes, you have it right.



Thanks for confirming.

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