Search found 2144 matches

by FiveK
Mon Apr 24, 2017 1:02 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe says "Goodby."
Replies: 309
Views: 28172

Re: Larry Swedroe says "Goodby."

Is anyone going to correct the word "goodby" in the title by adding an "e" at the end of it? According to It’s Hard To Say Goodbye (and Hard To Spell It, Too) , unless one swears by the "Associate [sic] Press Stylebook", "goodby" is acceptable. Perhaps rare, ...
by FiveK
Mon Apr 24, 2017 12:54 am
Forum: Investing - Theory, News & General
Topic: Investing with American Funds like betting on Tiger Woods
Replies: 5
Views: 946

Re: Investing with American Funds like betting on Tiger Woods

Nice analogy. Whether one thinks of the time axis as going forward or backward does make a difference, e.g., It appears that their funds are pulling further and further ahead of the stock market index. But let’s draw back the curtain. Recent scores aren’t as strong as that colorful graphic claim.
by FiveK
Sun Apr 23, 2017 2:46 pm
Forum: Investing - Theory, News & General
Topic: Tax Deferred vs Taxable Account Calculator?
Replies: 19
Views: 1118

Re: Tax Deferred vs Taxable Account Calculator?

#Cruncher wrote:...caught up in crunching numbers
Which you do very well. A pleasure to collaborate.
by FiveK
Sun Apr 23, 2017 1:58 pm
Forum: Investing - Theory, News & General
Topic: Tax Deferred vs Taxable Account Calculator?
Replies: 19
Views: 1118

Re: Tax Deferred vs Taxable Account Calculator?

#Cruncher wrote:...the small capital gain realized each year as withdrawals are made to pay tax on the year's dividends.
Why would one choose to realize an extra capital gain when the tax can be paid out of the dividend before it is reinvested?
by FiveK
Sat Apr 22, 2017 11:22 pm
Forum: Investing - Theory, News & General
Topic: Tax Deferred vs Taxable Account Calculator?
Replies: 19
Views: 1118

Re: Tax Deferred vs Taxable Account Calculator?

Are there any free calculators out there that can run the numbers on that? Yes. The one at Tools and calculators - Personal_finance_toolbox - Bogleheads includes this as one of a variety of calculations. See rows 126-136 on the 'Misc. calcs' tab. For derivation of the math behind these types of cal...
by FiveK
Sat Apr 22, 2017 7:31 pm
Forum: Personal Finance (Not Investing)
Topic: What is the difference between downloaded and online tax software?
Replies: 16
Views: 878

Re: What is the difference between downloaded and online tax software?

*3!4!/5! wrote:Will I be disappointed in this version, (e.g. is it more restricted in capabilities), or is it basically the same as the downloaded one?
Can't say about TaxAct, but TurboTax online and downloaded differ for the same nominal version.

E.g., see Re: Fidelity free Turbotax and the following post.
by FiveK
Thu Apr 20, 2017 10:07 pm
Forum: Investing - Help with Personal Investments
Topic: Real newb. Help with a check up.
Replies: 15
Views: 1284

Re: Real newb. Help with a check up.

Thanks, I know I am being dim, but I have the TIRA set up but not the roth and it doesn't; seem to let me convert by the convert to to roth button LOL. , I assumed I just did a conversion from the TIRA to magically become a roth but actually I still need to open a roth to do that? That is what is t...
by FiveK
Thu Apr 20, 2017 9:11 pm
Forum: Investing - Help with Personal Investments
Topic: Real newb. Help with a check up.
Replies: 15
Views: 1284

Re: Real newb. Help with a check up.

OK, thanks so much, so I do open a roth, even though income is too high, and do I fund it with anything while I am opening it? I am really bumbling through and learning on the job. Might be worth following the instructions in How to convert to a Roth IRA online . If you try those, and it still does...
by FiveK
Thu Apr 20, 2017 7:43 pm
Forum: Investing - Help with Personal Investments
Topic: Real newb. Help with a check up.
Replies: 15
Views: 1284

Re: Real newb. Help with a check up.

Alfonsia wrote:What steps and I missing?
Is How to convert to a Roth IRA online helpful? Perhaps the "If you want to open a new Roth IRA" part?
by FiveK
Thu Apr 20, 2017 1:49 pm
Forum: Investing - Help with Personal Investments
Topic: AXA index-linked deferred variable annuity
Replies: 11
Views: 835

Re: AXA index-linked deferred variable annuity

David Jay wrote:3. Find the participation rate, typically 90%
And take note of the minimum allowed values for this and the other numbers. E.g., I've seen some of these annuities that started with a 100% participation rate but dropped it to 30% in some subsequent years.
by FiveK
Wed Apr 19, 2017 11:16 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe says "Goodby."
Replies: 309
Views: 28172

Re: Larry Swedroe says "Goodby."

Thank you Larry. And this is how someone feels on one of the sites that is one of the safest, most polite, and least-attacky on the internet. I assure you it is far worse elsewhere. Nonetheless, a lesson to be learned by all. How you interact matters. +1 Pretty much took the words off the tips of m...
by FiveK
Wed Apr 19, 2017 10:56 pm
Forum: Personal Finance (Not Investing)
Topic: Quarterly estimated tax if Frontloading Pre-tax retirement
Replies: 5
Views: 613

Re: Quarterly estimated tax if Frontloading Pre-tax retirement

Thanks so much FiveK! Does the IRS care when those withheld funds are withheld or is it just by the end of 2017 that matters? By the end of 2017. That's what makes withholding "better" than estimated payments. e.g. can i keep my W4 as married with 2 allowances, save the cash, then in Dece...
by FiveK
Wed Apr 19, 2017 9:42 pm
Forum: Investing - Help with Personal Investments
Topic: 401k Options
Replies: 2
Views: 221

Re: 401k Options

The options in the 401k are not great [excellent], and expenses are high [also excellent - for the appropriate options]. See edits above. You could be happy with any combination of FID 500 INDEX PR (FUSVX) Stock Investments Large Cap 0.045% FID US BOND IDX PR (FSITX) Bond Investments Income 0.05% F...
by FiveK
Wed Apr 19, 2017 8:19 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes- okay to just drop in the mail today??
Replies: 29
Views: 3040

Re: Taxes- okay to just drop in the mail today??

Gardener wrote:I am married filing jointly 2 w-2's and I am also self-employed and so get a 1099. It's a fairly simple 1099.
Gardener wrote:Op here.
Fair enough about getting my returns in earlier. My two action steps to avoid this issue in the future is to 1) ask about e-filing so we don't have to mail anything in 2) get her my return information in earlier.

Perhaps "3) Just do them myself" would be even better?
by FiveK
Wed Apr 19, 2017 5:01 pm
Forum: Personal Consumer Issues
Topic: Fidelity card 2% but NOT as statement credit
Replies: 27
Views: 2436

Re: Fidelity card 2% but NOT as statement credit

Fidelity only provides 2% cash back when the money is deposited into an eligible Fidelity account. I have a cash management (aka checking) account with them where I receive the full 2%. We do it similarly. The 2% rebate goes into the cash balance for the account, same as stock dividends we don't re...
by FiveK
Wed Apr 19, 2017 2:23 am
Forum: Personal Finance (Not Investing)
Topic: Quarterly estimated tax if Frontloading Pre-tax retirement
Replies: 5
Views: 613

Re: Quarterly estimated tax if Frontloading Pre-tax retirement

Form 2210 is the main IRS form to determine the sufficiency of estimated payments. Note that "to be safe...have 110% of 2016 tax liability paid through a combination of withholding and quarterly estimated payments throughout 2017." For that particular "safe harbor" (i.e., the con...
by FiveK
Tue Apr 18, 2017 8:09 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA or 403(b)??
Replies: 3
Views: 290

Re: Roth IRA or 403(b)??

Scenario: 1) Would it be better to open up a Vanguard Roth IRA or take advantage of the deferred tax with the 403(b)?? 2) A this young age, should the asset allocation be all stocks or a mix?? 1) See Traditional versus Roth - Bogleheads 2) See Asset allocation - Bogleheads Those two wiki articles w...
by FiveK
Tue Apr 18, 2017 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: Donating the Interest income, question
Replies: 9
Views: 810

Re: Donating the Interest income, question

Thank you FiveK. I got really excited when I saw that excel sheet, but then I got lost quickly. I don't see a column for Mortgage Interest in there for some reason. There is a column for Mortgage, but I don't see that we deducted mortgage on my itemized. It's definitely not a commercial tool, but I...
by FiveK
Tue Apr 18, 2017 12:19 am
Forum: Personal Finance (Not Investing)
Topic: Donating the Interest income, question
Replies: 9
Views: 810

Re: Donating the Interest income, question

I used $60k to help simplify things and not to make it sound like I needed specific answer, it was just a general question. My W2 gross income was $150k. $6700 Cafe Plan and $12500 SIMPLE IRA. Wife had $5000 cash income which we also reported and paid taxes/social security on, and some rent income ...
by FiveK
Mon Apr 17, 2017 6:34 pm
Forum: Investing - Help with Personal Investments
Topic: AXA index-linked deferred variable annuity
Replies: 11
Views: 835

Re: AXA index-linked deferred variable annuity

No, not even maybe. It may be "linked to" the S&P 500 or similar index, but likely in such a way that you get minimal returns even in a year such as 2013 when the S&P 500 increased >30%. In years with a smaller index increase, e.g. 2016's ~10%, you may even get 0% increase. Sure, t...
by FiveK
Mon Apr 17, 2017 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: Donating the Interest income, question
Replies: 9
Views: 810

Re: Donating the Interest income, question

I should have specified that, in that case, yes, we itemize the deductions and we list all donations and all interest income there. Before we get to donations, the itemized deductions go over the standard deduction already. What I wanted to know is if one line (deductions or interest income) was ca...
by FiveK
Mon Apr 17, 2017 12:37 am
Forum: Personal Finance (Not Investing)
Topic: Donating the Interest income, question
Replies: 9
Views: 810

Re: Donating the Interest income, question

Hi everyone, Income of $60k, did not get any interest income and did not donate, vs Income of $60k, donated $1500 and had $1500 in interest income. Would the end result be the same (regardless of the other factors that may affect the final tax obligations) in terms of taxes? In general, no. They wo...
by FiveK
Sat Apr 15, 2017 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA for teen
Replies: 26
Views: 2468

Re: Roth IRA for teen

ebotrd wrote:...assuming one is able to and desires to max their Roth every year, the benefit of contributing those years would be lost.
Yes.

Starting a custodial IRA for your daughter seems a great idea - well done to you both!
by FiveK
Sat Apr 15, 2017 1:38 am
Forum: Personal Finance (Not Investing)
Topic: 1099-B question (date acquired 1/1/1900)
Replies: 22
Views: 1145

Re: 1099-B question (date acquired 1/1/1900)

You are referring to Exception 1 which allows a summary entry on Schedule D (not 8949), but only if all transactions have basis reported, and there are no adjustments. Exception 1 does not require the 1099-b to be mailed in. Clearly, the OP cannot use this option. Yes, you are correct about the bas...
by FiveK
Fri Apr 14, 2017 9:48 pm
Forum: Investing - Help with Personal Investments
Topic: Low income investor...Federal Help via Tax Return ?
Replies: 14
Views: 804

Re: Low income investor...Federal Help via Tax Return ?

Jerry55 wrote:It's a ROTH IRA, Vanguard Target 2055.
If she recharacterized it to a traditional IRA, by how much would that change tax due?

At the least it should reduce taxes by (marginal rate) * $5500, but perhaps even more if the saver's credit tier changes. How close is she to the next tier?
by FiveK
Fri Apr 14, 2017 9:22 pm
Forum: Investing - Help with Personal Investments
Topic: Low income investor...Federal Help via Tax Return ?
Replies: 14
Views: 804

Re: Low income investor...Federal Help via Tax Return ?

We both are using TaxAct and it asked if she was contributing to a retirement Roth or such, and since she did, I told her to enter $5,500.00 However, she is still at work, so I went and looked at her laptop (she hasn't printed it yet, and may file electronically) Low and Behold, it included form 88...
by FiveK
Fri Apr 14, 2017 7:43 pm
Forum: Personal Finance (Not Investing)
Topic: 1099-B question (date acquired 1/1/1900)
Replies: 22
Views: 1145

Re: 1099-B question (date acquired 1/1/1900)

Hi FiveK: I also volunteer in the AARP TaxAide program, and we have been instructed to mail in the 1099-B forms if we summarize. One of my colleagues had such a taxpayer last week, and TaxSlayer automatically printed out the form 8453 to accompany the 1099-B. Setting aside what people actually do, ...
by FiveK
Fri Apr 14, 2017 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: 1099-B question (date acquired 1/1/1900)
Replies: 22
Views: 1145

Re: 1099-B question (date acquired 1/1/1900)

My understanding is that the OP won't have to send in his 1099-B if he lists each individual transaction from the 1099-B on schedule 8949. If the OP chooses to summarize a large number of individual sales transactions (that are listed on the 1099-B) and list only the subtotal on schedule 8949, then...
by FiveK
Fri Apr 14, 2017 12:00 am
Forum: Personal Finance (Not Investing)
Topic: 1099-B question (date acquired 1/1/1900)
Replies: 22
Views: 1145

Re: 1099-B question (date acquired 1/1/1900)

Thank you!! So the way I am calculating the cost-basis is looking at my last transaction in my Former Emp Stock Plan and take that price/stock times 9. This is what it was before it made it to Etrade. Can you please confirm? No, you shouldn't look at only your last transaction. Your basis is the su...
by FiveK
Thu Apr 13, 2017 11:25 pm
Forum: Personal Finance (Not Investing)
Topic: 1099-B question (date acquired 1/1/1900)
Replies: 22
Views: 1145

Re: 1099-B question (date acquired 1/1/1900)

It says the basis was not reported to IRS. Then simply enter the correct basis. I read somewhere that we need to enter the same basis as what was given to us in the 1099-B. Yes - if the basis is reported to the IRS. If it is incorrect, then you enter an adjustment. My concern is when I do this in t...
by FiveK
Thu Apr 13, 2017 11:18 pm
Forum: Personal Finance (Not Investing)
Topic: 1099-B question (date acquired 1/1/1900)
Replies: 22
Views: 1145

Re: 1099-B question (date acquired 1/1/1900)

Thank you for the responses but they have shown a gain of the same amount of what it was sold for. Not sure whether this is an issue, over 4 years when I was with the former employer, I had bought shares in parts ($30/pay check) which eventually grew to 9 shares in the end of 5 years. So is it ok t...
by FiveK
Thu Apr 13, 2017 8:20 pm
Forum: Investing - Theory, News & General
Topic: Question on 401k and Roth 401k
Replies: 15
Views: 563

Re: Question on 401k and Roth 401k

1. Why don't we use effective tax rate rather than marginal tax rate? Let's say person A have a sizable itemized deductions and has an effective tax rate of 15% while he is in the 25% tax bracket. Each dollar he put into 401k, he'll save 15 cents (and not 25 cents).... At the risk of beating a dead...
by FiveK
Thu Apr 13, 2017 1:42 am
Forum: Investing - Help with Personal Investments
Topic: IRA advice for parents in their 60s
Replies: 3
Views: 433

Re: IRA advice for parents in their 60s

If they have very little saved, and don't expect much from pensions and SS, using traditional now is likely better. That is because, under those assumptions, their retirement tax rate will be very low.

See Traditional versus Roth - Bogleheads for more details.
by FiveK
Thu Apr 13, 2017 1:38 am
Forum: Investing - Help with Personal Investments
Topic: Can I invest in a Roth IRA considering the income exclusion limit after selling my home
Replies: 5
Views: 393

Re: Can I invest in a Roth IRA considering the income exclusion limit after selling my home

Since the capital gain meets the exclusion criteria I don't think it counts. Ianal. Agreed. chinchillawarfare, note also that the $133K applies to single filers. You can have up to $186K as MFJ before your direct Roth contribution is limited. And then there is the Backdoor Roth IRA - but as noted t...
by FiveK
Thu Apr 13, 2017 12:07 am
Forum: Investing - Help with Personal Investments
Topic: Please help me understand IRA
Replies: 8
Views: 619

Re: Please help me understand IRA

What should I do? Thanks! As flamesabers noted, we don't know enough about your situation to give unequivocal suggestions. Perhaps IRA Deduction Limits will help you...? IRA contribution and deduction limits depend on several things, including - whether you and your spouse are both covered by retir...
by FiveK
Wed Apr 12, 2017 11:58 pm
Forum: Investing - Help with Personal Investments
Topic: Which account: Roth Vs. Traditional 401k
Replies: 5
Views: 414

Re: Which account: Roth Vs. Traditional 401k

... and there really is no consensus. The math is straightforward enough and, being math, opinions don't really matter. See Traditional versus Roth - Bogleheads for that, including "how much" it matters if you can max out the Roth. Main question: Should I contribute to Roth 401k since 1) ...
by FiveK
Wed Apr 12, 2017 2:33 pm
Forum: Investing - Help with Personal Investments
Topic: Wife wants to start retirement investing- Suggestions please
Replies: 10
Views: 935

Re: Wife wants to start retirement investing- Suggestions please

surfer949 wrote:She gets a paycheck from her business for around 65k a year. The part I don't understand is in terms of the profit from her business. Is that separate from her paycheck?
Perhaps One-Participant 401(k) Plans will help (it's one of the links from the wiki linked previously).
by FiveK
Wed Apr 12, 2017 12:30 pm
Forum: Investing - Help with Personal Investments
Topic: Wife wants to start retirement investing- Suggestions please
Replies: 10
Views: 935

Re: Wife wants to start retirement investing- Suggestions please

Sorry dumb question but there are joint 401k plans? I see a lot of Vanguard stuff in the Boglehead forums, I'd like to have her start one possibly. Not sure what is meant by "joint 401k"...? A Solo 401(k), (also known as a Self Employed 401(k), One-Participant 401(k), or Individual 401(k)...
by FiveK
Wed Apr 12, 2017 12:03 pm
Forum: Investing - Help with Personal Investments
Topic: Wife wants to start retirement investing- Suggestions please
Replies: 10
Views: 935

Re: Wife wants to start retirement investing- Suggestions please

See Solo 401(k) plan - Bogleheads and the links in that article to SEP and SIMPLE plans for some options.

Fidelity has a good reputation for its solo 401k plans, so if you are already happy with your 401k and IRA there....
by FiveK
Tue Apr 11, 2017 10:26 pm
Forum: Investing - Help with Personal Investments
Topic: Is it a mistake to do 401k, trad ira and Roth IRA?
Replies: 13
Views: 1565

Re: Is it a mistake to do 401k, trad ira and Roth IRA?

prettybogle wrote:Thanks y'all for the input. I decided to go with just her ira this time and will pass on his Roth for now. Her ira contribution is cutting my tax bill by 30%. His roth will not help my tax bill anyway.
What about using his IRA - by how much would that cut your tax bill?
by FiveK
Tue Apr 11, 2017 10:23 pm
Forum: Investing - Help with Personal Investments
Topic: Helping daughter w/403b
Replies: 6
Views: 384

Re: Helping daughter w/403b

mbres60 wrote:I am helping her do a 3 fund portfolio...so my question is which bond fund to use...US Bond Index Premium class (FSITX)(ER 0.05) or Total Bond Fund (FTBFX) with ER 0.45?
Advice in Three-fund portfolio - Other_than_Vanguard - Bogleheads is FSITX.
by FiveK
Tue Apr 11, 2017 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: FSA question
Replies: 2
Views: 304

Re: FSA question

No, according to 2016 Publication 969 - p969.pdf:
"Generally, distributions from a health FSA must be paid
only to reimburse you for qualified medical expenses you
incurred during the period of coverage."
by FiveK
Mon Apr 10, 2017 9:52 pm
Forum: Personal Finance (Not Investing)
Topic: Tax questions regarding 403b to Roth 401k conversion
Replies: 8
Views: 518

Re: Tax questions regarding 403b to Roth 401k conversion

See footnote 5 in Rollover Chart - rollover_chart.pdf if you want more documentation confirming Alan S.'s comment.
by FiveK
Mon Apr 10, 2017 6:47 pm
Forum: Investing - Help with Personal Investments
Topic: "Retiring" early, with using interest from taxable account
Replies: 15
Views: 1993

Re: "Retiring" early, with using interest from taxable account

If I start taking money out early 40's or 50's, does this mean I cannot keep working on the weekends? No, it does not. For example- working part time at a hardware store or lumber yard? One component of the "Roth pipeline" idea is that you would convert traditional to Roth accounts during...
by FiveK
Mon Apr 10, 2017 3:52 pm
Forum: Investing - Help with Personal Investments
Topic: "Retiring" early, with using interest from taxable account
Replies: 15
Views: 1993

Re: "Retiring" early, with using interest from taxable account

remedy214 wrote:Is it crazy to prioritize a taxable account and minimally contribute to our IRA and 401k?
Well, yes.... ;)

Just looking for feedback here to see if this is something that could possibly work.
You might check How to withdraw funds from your IRA and 401k without penalty before age 59.5
by FiveK
Sun Apr 09, 2017 11:46 pm
Forum: Investing - Help with Personal Investments
Topic: 39 yrs risk adverse, just mortgage free, how to invest for self + help mom?
Replies: 9
Views: 973

Re: 39 yrs risk adverse, just mortgage free, how to invest for self + help mom?

If I plan to max my 401K, backdoor roth and HSA all this year, does the sequencing still matter? Nope. The question about priority is let's say by June or July, I am done with all tax sheltered investments and have 6 month e funds at 12K. Should I keep throwing 100% of my extra money to e fund unti...
by FiveK
Sun Apr 09, 2017 10:06 pm
Forum: Investing - Help with Personal Investments
Topic: Late start...looking for advice
Replies: 4
Views: 854

Re: Late start...looking for advice

Basically I'm looking for advice on diversifying properly. I'm self employed/business owner. Not adverse to mixing risk with less risk. Of the $125k, I was thinking about putting $50k into Vanguard Wellesley Index Fund VWIAX, and $37.5k each into a LifeStrategy Fund, and the Vanguard 500 Index. str...
by FiveK
Sun Apr 09, 2017 9:51 pm
Forum: Investing - Help with Personal Investments
Topic: New Plan- Recs
Replies: 4
Views: 539

Re: New Plan- Recs

Thoughts? You should be giving advice, not asking for advice. :) Suggestions? Keep up the good work! Both your current and proposed AA are reasonable. No way to know which will be better except in hindsight. Except - if you are more likely to stick with one during a market downturn, that one might ...

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