Search found 335 matches

by FlyingMoose
Wed Apr 04, 2018 11:36 pm
Forum: Personal Finance (Not Investing)
Topic: [Wells Fargo Visa 3% Foreign Exchange fee]
Replies: 58
Views: 2670

Re: WF Visa 3% FX fee

The Amazon Visa card has no FX fee, gives you the exact exchange rate (same as what google gives when converting), plus 1% cash back.
by FlyingMoose
Sun Apr 01, 2018 4:10 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard: Transition to our new investment platform
Replies: 26
Views: 4187

Re: Vanguard: Transition to our new investment platform

My big complaint is that the brokerage 1099s aren’t available until mid-February so I can’t file my taxes early.
by FlyingMoose
Sat Mar 03, 2018 11:29 pm
Forum: Personal Consumer Issues
Topic: iPhone won't ring for incoming calls
Replies: 10
Views: 1276

Re: iPhone won't ring for incoming calls

This may be a stupid question, but have you checked the ring/silent switch on the top-left side? And does it still vibrate but just not ring?
by FlyingMoose
Fri Mar 02, 2018 6:02 am
Forum: Investing - Help with Personal Investments
Topic: I need to file a complaint
Replies: 10
Views: 2175

Re: I need to file a complaint

How do you know the dividends were partial? I’m asking because I want to check on my own account...
by FlyingMoose
Tue Feb 20, 2018 6:56 pm
Forum: Investing - Help with Personal Investments
Topic: 403(b) RMDs while still working?
Replies: 16
Views: 1087

Re: 403(b) RMDs while still working?

I just spoke with Newport. According to the rep, there are no RMDs from a 403(b) if you're working for any employer, not just the employer whose 403(b) it is. I don't believe this is correct.
by FlyingMoose
Sun Feb 18, 2018 2:44 am
Forum: Investing - Theory, News & General
Topic: Better not taxed now or taxed later?
Replies: 23
Views: 1831

Re: Better not taxed now or taxed later?

To put this in perspective the difference in future tax liabilities is not that large in absolute dollar terms,especially given he must be in pretty good shape if RMDs will force him into 22% tax bracket in the future. The 22% I was referring to is if he (and I, this topic is about me also) move ba...
by FlyingMoose
Sat Feb 17, 2018 4:02 am
Forum: Investing - Help with Personal Investments
Topic: 403(b) RMDs while still working?
Replies: 16
Views: 1087

Re: 403(b) RMDs while still working?

The plan in question is a non-ERISA 403(b).
by FlyingMoose
Sat Feb 17, 2018 2:41 am
Forum: Investing - Theory, News & General
Topic: Better not taxed now or taxed later?
Replies: 23
Views: 1831

Re: Better not taxed now or taxed later?

... the real choice is ... leaving money in traditional (option 1) vs leaving money in taxable (option 2) with the potentially better choice being option 2. Is this correct? Yes, that is correct. Then the hard part is knowing exactly how much to convert, so that you get as close as possible to $12,...
by FlyingMoose
Sat Feb 17, 2018 12:30 am
Forum: Investing - Help with Personal Investments
Topic: 403(b) RMDs while still working?
Replies: 16
Views: 1087

Re: 403(b) RMDs while still working?

Gronnie wrote:
Fri Feb 16, 2018 9:08 pm
Is he able to roll over the old one into the new one?
It’s too late to avoid the RMD for this year if it is, in fact, required. This is the plan for next year in either case.
by FlyingMoose
Sat Feb 17, 2018 12:19 am
Forum: Investing - Theory, News & General
Topic: Better not taxed now or taxed later?
Replies: 23
Views: 1831

Re: Better not taxed now or taxed later?

FlyingMoose, Roth IRA is not subjected to RMD while the owner is alive. https://www.rothira.com/roth-ira-required-minimum-distribution-rmd KlangFool The RMD would be on the account being converted to a Roth, not on the Roth. If Roth conversion is not a choice (which I don’t understand why it wouldn...
by FlyingMoose
Fri Feb 16, 2018 9:10 pm
Forum: Investing - Help with Personal Investments
Topic: 403(b) RMDs while still working?
Replies: 16
Views: 1087

Re: 403(b) RMDs while still working?

I think the old plan is considered “frozen”, I’ll have to call Newport and see if it’s considered “maintained”.
by FlyingMoose
Fri Feb 16, 2018 8:37 pm
Forum: Investing - Theory, News & General
Topic: Better not taxed now or taxed later?
Replies: 23
Views: 1831

Re: Better not taxed now or taxed later?

Sorry I don’t know where you are coming from. Seems to me either he has earned income or he doesn’t. What is happening in option 2 to make earned income go away? Liquidating a traditonal IRA, whether to convert to Roth or put into taxable account is not “earned” income. But both will generate taxab...
by FlyingMoose
Fri Feb 16, 2018 8:30 pm
Forum: Investing - Help with Personal Investments
Topic: 403(b) RMDs while still working?
Replies: 16
Views: 1087

Re: 403(b) RMDs while still working?

This page says "... as long as you are working and contributing to ...":

https://ttlc.intuit.com/questions/3186422
by FlyingMoose
Fri Feb 16, 2018 8:05 pm
Forum: Investing - Help with Personal Investments
Topic: 403(b) RMDs while still working?
Replies: 16
Views: 1087

Re: 403(b) RMDs while still working?

Alan,

Thanks for checking into it.

I'll probably call the IRS and also Newport.

--- John Meeks
by FlyingMoose
Fri Feb 16, 2018 7:55 pm
Forum: Investing - Theory, News & General
Topic: Better not taxed now or taxed later?
Replies: 23
Views: 1831

Re: Better not taxed now or taxed later?

I don’t get why Roth conversion isn’t a choice. Whether you convert to Roth or convert to taxable both will generate taxable income (which may or may not generate enough to have actual tax liability ). The impact on any earned income credit I would think would be the same. The options are: 1. Leave...
by FlyingMoose
Fri Feb 16, 2018 7:06 pm
Forum: Investing - Theory, News & General
Topic: Better not taxed now or taxed later?
Replies: 23
Views: 1831

Re: Better not taxed now or taxed later?

Ok so I was thinking about this while on my walk. He could either contribute to his Roth IRA or do a conversion to the Roth IRA. I know that he could theoretically do both, but in this case he can't for complicated related to the Foreign Earned Income Exclusion. So the equivalent of my original ques...
by FlyingMoose
Fri Feb 16, 2018 7:03 pm
Forum: Investing - Help with Personal Investments
Topic: 403(b) RMDs while still working?
Replies: 16
Views: 1087

Re: 403(b) RMDs while still working?

ResearchMed wrote:
Fri Feb 16, 2018 6:13 pm
Does he have two IRA's in addition to the 403b's?

IRA's usually (always?) have different rules about what happens at age 70.5/if you are still working.

RM
No, only the two 403(b)'s.
by FlyingMoose
Fri Feb 16, 2018 5:14 pm
Forum: Investing - Theory, News & General
Topic: Better not taxed now or taxed later?
Replies: 23
Views: 1831

Re: Better not taxed now or taxed later?

If your dad is under 59.5, there will be an early withdrawal penalty if he withdraws now. I also assume, he is not talking about Required Minimum Distributions that start in the year he turns 70.5. He may need to take RMDs (have another topic on that) so I was just wondering if he should take more ...
by FlyingMoose
Fri Feb 16, 2018 5:11 pm
Forum: Investing - Theory, News & General
Topic: Better not taxed now or taxed later?
Replies: 23
Views: 1831

Re: Better not taxed now or taxed later?

Good point, but it doesn't look like that will satisfy his RMD.
by FlyingMoose
Fri Feb 16, 2018 4:57 pm
Forum: Investing - Theory, News & General
Topic: Better not taxed now or taxed later?
Replies: 23
Views: 1831

Better not taxed now or taxed later?

My dad has an IRA, and would be able to withdraw some money now in the 0% tax bracket temporarily. He will likely be in a higher tax bracket in the future. Is it better to take money out of an IRA in the 0% tax bracket and then have it in a taxable account, or to let it grow tax-free in the IRA and ...
by FlyingMoose
Fri Feb 16, 2018 4:49 pm
Forum: Investing - Help with Personal Investments
Topic: 403(b) RMDs while still working?
Replies: 16
Views: 1087

403(b) RMDs while still working?

My dad has two 403(b)s with Vanguard, from the same employer (one from before the transition to Newport and then a new one this year). He is over 70 1/2. The "still working" exemption, from my reading, says that you must still be contributing to the plan. Since he will now be contributing to IRA #2,...
by FlyingMoose
Sun Feb 11, 2018 5:22 pm
Forum: Personal Consumer Issues
Topic: Potentiometer for motor speed control- any electrical engineers around?
Replies: 40
Views: 2518

Re: Potentiometer for motor speed control- any electrical engineers around?

If you can’t use a heat sink, maybe you can build a compartment to insert a small ice cube, which you replace before each 2-minute run.
by FlyingMoose
Mon Feb 05, 2018 6:23 am
Forum: Investing - Help with Personal Investments
Topic: American Expats and FEIE: no tax advantaged accounts?
Replies: 21
Views: 1483

Re: American Expats and FEIE: no tax advantaged accounts?

The IRS is made aware of your contributions to a Roth IRA by the custodian (Vanguard, for example) on form 5498, box 10. In that case what I think we can say is that although they have sufficient data to do so, they have not, at least in the past, pro-actively notified taxpayers of a potential prob...
by FlyingMoose
Sun Feb 04, 2018 9:22 am
Forum: Investing - Help with Personal Investments
Topic: American Expats and FEIE: no tax advantaged accounts?
Replies: 21
Views: 1483

Re: American Expats and FEIE: no tax advantaged accounts?

Slowtraveler wrote:
Sun Feb 04, 2018 8:12 am
To the best of my knowledge, investment income is taxed in the bracket you would be in if you hadn't taken the FEIE.
This is true if it exceeds the standard deduction.
by FlyingMoose
Sun Feb 04, 2018 8:07 am
Forum: Investing - Help with Personal Investments
Topic: American Expats and FEIE: no tax advantaged accounts?
Replies: 21
Views: 1483

Re: American Expats and FEIE: no tax advantaged accounts?

Karamatsu wrote:
Sun Feb 04, 2018 6:26 am
If it's a Roth IRA then the IRS probably doesn't know about your contributions and they'd only become aware of them when you make withdrawals.
The IRS is made aware of your contributions to a Roth IRA by the custodian (Vanguard, for example) on form 5498, box 10.
by FlyingMoose
Sun Feb 04, 2018 2:27 am
Forum: Investing - Help with Personal Investments
Topic: American Expats and FEIE: no tax advantaged accounts?
Replies: 21
Views: 1483

Re: American Expats and FEIE: no tax advantaged accounts?

As to leaving some income included: If you choose the physical presence test, you can select any 12-month period, so you could for example choose February 1 to January 31 of the next year, leaving about 1/12 of your income not excluded (you’d choose the dates to leave exactly the amount you wanted)....
by FlyingMoose
Sat Feb 03, 2018 8:47 am
Forum: Investing - Help with Personal Investments
Topic: American Expats and FEIE: no tax advantaged accounts?
Replies: 21
Views: 1483

Re: American Expats and FEIE: no tax advantaged accounts?

No, there is no possibility of a "partial FEIE". It's all or nothing (until you hit the $100k limit). You can have some income that’s not excluded because it was earned while visiting the US. My accountant said it’s OK to do this even if you didn’t actually visit the US. This allows me to do my Rot...
by FlyingMoose
Sun Jan 28, 2018 8:46 pm
Forum: Personal Consumer Issues
Topic: WHY do wireless routers need periodic reboots?
Replies: 117
Views: 8948

Re: WHY do wireless routers need periodic reboots?

The state of software engineering is currently similar to the state of engineering 100 years ago when boilers would explode, bridges would collapse, etc.
by FlyingMoose
Sun Jan 28, 2018 8:44 pm
Forum: Personal Consumer Issues
Topic: Buying rebuilt/salvage vehicles on Ebay
Replies: 22
Views: 1300

Re: Buying rebuilt/salvage vehicles on Ebay

Look up samcrac on YouTube, he repairs this type of car. It’s a significant amount of work and lots of scams/pitfalls to watch out for (like small, hidden, expensive parts removed from the car).
by FlyingMoose
Fri Jan 26, 2018 3:03 am
Forum: Personal Finance (Not Investing)
Topic: Life insurance company wants money back
Replies: 45
Views: 4598

Re: Life insurance company wants money back

If the law doesn’t look favorable, another option might be to contact the local news stations. The insurance company might drop it just to avoid bad publicity.
by FlyingMoose
Thu Jan 25, 2018 10:52 pm
Forum: Investing - Help with Personal Investments
Topic: Reducing taxable income by passing medical expenses through HSA?
Replies: 2
Views: 293

Re: Reducing taxable income by passing medical expenses through HSA?

There’s a limit on how much you can put into an HSA per year.
by FlyingMoose
Wed Jan 10, 2018 7:05 am
Forum: Personal Finance (Not Investing)
Topic: Foreign Earned Income Exclusion - avoiding interest/penalties
Replies: 8
Views: 365

Re: Foreign Earned Income Exclusion - avoiding interest/penalties

I’m not sure about the idea of the 1040X, assuming that the 1040X takes a different path from the 2555. This is the case with the original 1040, so why would it be different for the 1040X? It takes about half a year for an amended return, and 1.5-2 years for the FEIE determination, so what system is...
by FlyingMoose
Wed Jan 10, 2018 6:57 am
Forum: Personal Finance (Not Investing)
Topic: Foreign Earned Income Exclusion - avoiding interest/penalties
Replies: 8
Views: 365

Re: Foreign Earned Income Exclusion - avoiding interest/penalties

in_reality wrote:
Wed Jan 10, 2018 6:33 am
So until you are audited and it passes, or a court rules in your favor, or the audit period is up; it seems to me like the tax and penalties from FEIE denial are a liability on the books.
Doesn’t the IRS make a determination when you file the 2555?
by FlyingMoose
Wed Jan 10, 2018 6:31 am
Forum: Personal Finance (Not Investing)
Topic: Foreign Earned Income Exclusion - avoiding interest/penalties
Replies: 8
Views: 365

Re: Foreign Earned Income Exclusion - avoiding interest/penalties

To answer one question: my employer is in the US, and I have not had them stop deductions.
by FlyingMoose
Wed Jan 10, 2018 4:28 am
Forum: Personal Finance (Not Investing)
Topic: Foreign Earned Income Exclusion - avoiding interest/penalties
Replies: 8
Views: 365

Foreign Earned Income Exclusion - avoiding interest/penalties

I have read that if you file for the FEIE, and it is denied, you'll owe not only the tax but also interest and penalties. Is it possible to file a return and NOT claim the exemption (having paid tax all year), but still file form 2555 or 2555EZ, and then only if and when it is allowed, to file an am...
by FlyingMoose
Tue Jan 09, 2018 9:34 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard/Newport wants $6,500+ in fees for 403(b)
Replies: 11
Views: 1170

Re: Vanguard/Newport wants $6,500+ in fees for 403(b)

Just spoke with them, and I’m going to freeze the current plan and work on finding documents and getting it into compliance, and also start a new plan to begin contributions to. So that will be 5 accounts I’ll have at vanguard (taxable, Roth, 2 403(b)s, SIMPLE) but at least they’re all at vanguard...
by FlyingMoose
Tue Jan 09, 2018 1:54 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard/Newport wants $6,500+ in fees for 403(b)
Replies: 11
Views: 1170

Re: Vanguard/Newport wants $6,500+ in fees for 403(b)

Raabe34 wrote:
Tue Jan 09, 2018 1:08 am
Can you hire someone else for the TPA work?
This is what I’m intending to do. If I get the past stuff straightened out then Newport can just take over the new plan.
by FlyingMoose
Tue Jan 09, 2018 1:52 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard/Newport wants $6,500+ in fees for 403(b)
Replies: 11
Views: 1170

Re: Vanguard/Newport wants $6,500+ in fees for 403(b)

My company also recently moved, with the associated chaos, so maybe I’ll search through all my files instead of just looking in the folder about retirement plans. I don’t remember that well what I did 7 years ago. I have some digital archives too, which aren’t searchable because they’re images, but ...
by FlyingMoose
Tue Jan 09, 2018 12:16 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard/Newport wants $6,500+ in fees for 403(b)
Replies: 11
Views: 1170

Re: Vanguard/Newport wants $6,500+ in fees for 403(b)

Vanguard never mentioned any of that when I called and told them I wanted to set up a 403(b)...
by FlyingMoose
Mon Jan 08, 2018 11:44 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard/Newport wants $6,500+ in fees for 403(b)
Replies: 11
Views: 1170

Re: Vanguard/Newport wants $6,500+ in fees for 403(b)

I don’t know of any other plan that allows anywhere near the amount of contribution.

Fidelity wanted, if I recall, a minimum of $2M.
by FlyingMoose
Mon Jan 08, 2018 10:34 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard/Newport wants $6,500+ in fees for 403(b)
Replies: 11
Views: 1170

Re: Vanguard/Newport wants $6,500+ in fees for 403(b)

Also, I spoke with other providers, and none were interested in a plan with less than several million dollars.
by FlyingMoose
Mon Jan 08, 2018 10:27 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard/Newport wants $6,500+ in fees for 403(b)
Replies: 11
Views: 1170

Re: Vanguard/Newport wants $6,500+ in fees for 403(b)

Yes, it is a tax-exempt (501(c)(3)) business. It has been exempt from ERISA so far. However, the "plan document" requirement applies in either case. So this isn't about the conversion to an ERISA plan, but about the previous time during which it was a non-ERISA plan. In order to make employer-matchi...
by FlyingMoose
Mon Jan 08, 2018 9:19 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard/Newport wants $6,500+ in fees for 403(b)
Replies: 11
Views: 1170

Vanguard/Newport wants $6,500+ in fees for 403(b)

I've had a 403(b) plan with Vanguard since 2011, and I've been the only participant until last year when I added my dad. I want to upgrade the plan to an ERISA plan so that I can make employer-matching contributions instead of just employee contributions. I'm doing this based on a suggestion from th...
by FlyingMoose
Thu Oct 05, 2017 8:50 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 392
Views: 62125

Re: Retirement Account Stolen by Identity theft

JohnFiscal wrote:
Thu Oct 05, 2017 8:45 pm
Since the new account is in father's name, I wonder if he/you can just "steal it back".
I would assume it’s long gone from the new account.
by FlyingMoose
Thu Oct 05, 2017 6:50 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 392
Views: 62125

Re: Retirement Account Stolen by Identity theft

Obviously the initiating phone number on that call was spoofed (nobody resourceful enough to use put the other elements of the theft at such distances would be dumb enough to cast suspicion on self through even a large current or ex-employer). Don't underestimate the dumbness of criminals. All lead...
by FlyingMoose
Thu Oct 05, 2017 5:26 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 392
Views: 62125

Re: Retirement Account Stolen by Identity theft

The police should be asking who has access to that employee information at the former employer...
by FlyingMoose
Thu Oct 05, 2017 7:18 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 392
Views: 62125

Re: Identity theft

This is really scary. If you retitle the thread something more like "retirement account stolen" you'll probly get more replies.
by FlyingMoose
Thu Sep 28, 2017 3:58 am
Forum: Investing - Theory, News & General
Topic: Why do you LBYM? Why do you save and invest?
Replies: 204
Views: 17073

Re: Why do you LBYM? Why do you save and invest?

I'm a bit of a hoarder, of both money and things. I got over hoarding things, so now I just hoard money. Incidentally, the way I broke myself of the hoarding habit was to go through all my stuff and ask 3 questions about each item: 1. Does it have sentimental value? 2. Is it worth money? 3. Will I n...
by FlyingMoose
Sat Sep 02, 2017 12:41 am
Forum: Investing - Theory, News & General
Topic: Glideslope rate-of-change
Replies: 6
Views: 721

Glideslope rate-of-change

Various target retirement funds use different glideslopes, sometimes changing over time. People managing their own portfolios often seem to just change the percentage when they feel like it, often in large steps. It doesn't seem like there's much rhyme or reason to it. This is something I've thought...
by FlyingMoose
Sat Aug 26, 2017 4:01 am
Forum: Personal Consumer Issues
Topic: Photobucket - disappearing images and $$$ - has it affected you?
Replies: 28
Views: 3054

Re: Photobucket - disappearing images and $$$ - has it affected you?

I completely blame the forum owners, and I think that if an owner doesn't want to allow uploads, they shouldn't allow images at all. If they won't/can't/don't know how to allow image uploads, then they have no business running a forum. I don't understand why so many forums don't let you upload pictu...