Search found 19 matches
- Tue Feb 26, 2019 8:23 pm
- Forum: Personal Finance (Not Investing)
- Topic: Withholding Suddenly Changed 2 Months into 2019
- Replies: 22
- Views: 1633
Re: Withholding Suddenly Changed 2 Months into 2019
Learn something new every day. Thanks for the responses.
- Tue Feb 26, 2019 8:16 pm
- Forum: Personal Finance (Not Investing)
- Topic: Withholding Suddenly Changed 2 Months into 2019
- Replies: 22
- Views: 1633
Re: Withholding Suddenly Changed 2 Months into 2019
Wouldn't that have kicked in Jan 1st though? This suddenly occurring at the end of February threw me off.RickBoglehead wrote: ↑Tue Feb 26, 2019 8:13 pm The 2019 withholding tables will result in more withholding vs 2018.
- Tue Feb 26, 2019 8:10 pm
- Forum: Personal Finance (Not Investing)
- Topic: Withholding Suddenly Changed 2 Months into 2019
- Replies: 22
- Views: 1633
Re: Withholding Suddenly Changed 2 Months into 2019
Ah ok, so it's just the amount of withholding that changed before it gets balanced out at tax time.
Is it normal for withholding to vary that much though? The most I've ever seen it vary was by single digits in previous paychecks, at least when i paid attention.
Is it normal for withholding to vary that much though? The most I've ever seen it vary was by single digits in previous paychecks, at least when i paid attention.
- Tue Feb 26, 2019 8:04 pm
- Forum: Personal Finance (Not Investing)
- Topic: Withholding Suddenly Changed 2 Months into 2019
- Replies: 22
- Views: 1633
Re: Withholding Suddenly Changed 2 Months into 2019
What's meant by it being a timing issue?
- Tue Feb 26, 2019 7:58 pm
- Forum: Personal Finance (Not Investing)
- Topic: Withholding Suddenly Changed 2 Months into 2019
- Replies: 22
- Views: 1633
Withholding Suddenly Changed 2 Months into 2019
I just received my last bi weekly paycheck and noticed my federal withholding suddenly spiked $20 (no changes to income or anything else). I've never seen a spike like this before. Usually there's a drift of $5 at most.
I emailed payroll and they said a new tax table was downloaded and it changes all the time throughout the year. Are they being truthful, or did someone forget to carry the one?
The change resulted in a loss of almost $500 in yearly income if this holds, which is why I'm looking to see if a mistake was made.
I emailed payroll and they said a new tax table was downloaded and it changes all the time throughout the year. Are they being truthful, or did someone forget to carry the one?
The change resulted in a loss of almost $500 in yearly income if this holds, which is why I'm looking to see if a mistake was made.
- Sat Jul 14, 2018 9:53 am
- Forum: Personal Investments
- Topic: 401K to an IRA back to a different 401K in same year?
- Replies: 3
- Views: 383
Re: 401K to an IRA back to a different 401K in same year?
Thanks for the responses and clarifying! My old 401K is pretty shoddy, its only real value that superseded the fees I'd get was in getting the company matching, but since that's gone and I don't need to worry about the one per year limit there's no point keeping it there now.
- Fri Jul 13, 2018 7:16 pm
- Forum: Personal Investments
- Topic: 401K to an IRA back to a different 401K in same year?
- Replies: 3
- Views: 383
401K to an IRA back to a different 401K in same year?
Simple question: can you rollover an old 401K to an IRA, and then rollover from that IRA to another 401K within the same year? I was recently laid off from work so I have the option of rolling over my 401K into an IRA, but I may eventually find a new job within the same year that offers a 401K. If I'm still stuck doing 1 rollover a year regardless, then I could wait until I find a job with benefits and then just do a direct 401K to 401K transfer. However, there's no telling when I might find a new job, and given the nature of the industry I work in, it's likely I'd be doing contract work instead, which usually doesn't offer benefits or a 401K plan. I'm inclined to think it's best to rollover to an IRA now, and even if I get immediate work w...
- Wed May 16, 2018 4:28 pm
- Forum: Personal Investments
- Topic: Where to invest after maxing out retirement?
- Replies: 21
- Views: 3299
Re: Where to invest after maxing out retirement?
My tax bracket is 15% with state tax being a flat 4% or so (Colorado). Another thing I was considering was a home purchase with a $600 mortgage, which can very roughly cut my living cost by 50%, and I'd use the savings difference to contribute to a portfolio, but I don't know if I'd be coming out ahead there. Housing prices in my area are very high, so I really can't justify a home purchase of more than 150K, leaving me with the option of ether purchasing a house that will need a lot of work or a condo that are traditionally harder to sell. I feel like it might be better off to shove the 30K into a portfolio and as long as I don't need it for a year, I could always liquidate it if I decide I need to use it for a down payment after all or fo...
- Tue May 15, 2018 9:40 am
- Forum: Personal Investments
- Topic: Where to invest after maxing out retirement?
- Replies: 21
- Views: 3299
Re: Where to invest after maxing out retirement?
Yes, I have the option of creating a brokerage account as well to coincide with my retirement portfolios, I figured I could do the same approach, invest in three-four ETFs that basically cover the entire market. I have my 401K set up the same way.
Another option could be to start my own online business, but I'd really have to sit down and count the costs. I've looked into cryptocurrency as well but it seems too speculative to me. I'd need to learn more there before seriously considering it.
Another option could be to start my own online business, but I'd really have to sit down and count the costs. I've looked into cryptocurrency as well but it seems too speculative to me. I'd need to learn more there before seriously considering it.
- Sun May 13, 2018 3:37 pm
- Forum: Personal Investments
- Topic: Where to invest after maxing out retirement?
- Replies: 21
- Views: 3299
- Sun May 13, 2018 3:24 pm
- Forum: Personal Investments
- Topic: Where to invest after maxing out retirement?
- Replies: 21
- Views: 3299
Re: Where to invest after maxing out retirement?
Thanks, interesting that taxable came before nondeductible IRAs, but I can see why that would be the case.
- Sun May 13, 2018 3:22 pm
- Forum: Personal Investments
- Topic: Where to invest after maxing out retirement?
- Replies: 21
- Views: 3299
Re: Where to invest after maxing out retirement?
Right everything is maxed out, icluding the 401K at $18,500. My current retirement pace is pretty good, so now I'm considering investing with the goal of early retirement, but taxable accounts seems to be the only possibility there.
- Sun May 13, 2018 3:08 pm
- Forum: Personal Investments
- Topic: Where to invest after maxing out retirement?
- Replies: 21
- Views: 3299
Where to invest after maxing out retirement?
I'm single, debt-free, currently rent, own a car outright, with two retirement accounts, one 401K and a Roth IRA. I have about $50,000 in savings now, and $6500 in gold. Would it be a good Boglehead thing to do to convert half my savings and my gold into a taxable investment portfolio that emulates my retirement portfolios? I was calculating the possibilities and I noticed with a positive 10-20 year investment outlook, it could give me the option to retire early to cover those years before I can withdraw from my retirement accounts, or buy a house cash, even though I'd still have to pay long term capital gains. Do others generally go to taxable accounts once they max out their portfolios elsewhere? Just wondering if there are other options ...
- Sat Jun 24, 2017 10:43 am
- Forum: Personal Investments
- Topic: Should I have a brokerage account that mimics my Roth IRA?
- Replies: 2
- Views: 619
Re: Should I have a brokerage account that mimics my Roth IRA?
Thanks for the links!
- Fri Jun 23, 2017 2:32 pm
- Forum: Personal Investments
- Topic: Should I have a brokerage account that mimics my Roth IRA?
- Replies: 2
- Views: 619
Should I have a brokerage account that mimics my Roth IRA?
Hi all, I was wondering what Bogleheads typically do with savings they don't expect to use for 5 years or so? In my case, I have a pretty simply setup: maxing out my Roth IRA and 401K contributions as much as I can, and maintaining/growing a savings of about $50,000 in a normal savings account with a .075% return of interest. (I'm also debt free with no loans to worry about.) It sucks to see that much money sitting there, so I wonder if I should split the savings, say $30,000 I keep for cash on hand, emergencies or large purchases such as a new car, or in case I finally decide to buy a small home, and $20,000 into a brokerage account with a portfolio that mimics how my Roth IRA is set up (very simple portfolio of ETFs). It seems like a no-b...
- Wed Jan 28, 2015 4:18 pm
- Forum: Personal Investments
- Topic: How to set up an HSA account? (for a first time user)
- Replies: 7
- Views: 1122
Re: How to set up an HSA account? (for a first time user)
Thanks for the advice!WorkToLive wrote:Your plan sounds fine to me. Some think that HSA investing should come before 401(k) because it is payroll tax free. If it were me, I'd probably contribute to my match in the 401(k), then max out the HSA, then fill up my Roth, then finish my 401(k).
- Wed Jan 28, 2015 12:16 pm
- Forum: Personal Investments
- Topic: How to set up an HSA account? (for a first time user)
- Replies: 7
- Views: 1122
Re: How to set up an HSA account? (for a first time user)
My max out of pocket would be $2000, afterward I get 100% coverage as long as I'm in-network. Tradeoff seems worth it to me, lower premiums and 100% rather than the 80% in-network coverage if I had opted for standard.
That's my thinking as well, it looks like I would need to maintain a $1,000 balance at all times, so maybe a $3000 balance might be a better buffer? Then I can invest $1000 to $2000 in bond funds while keeping the $1,000 liquid.I'd probably contribute the max OOP and then simply adjust the next year based on what you spent.
- Wed Jan 28, 2015 12:10 am
- Forum: Personal Investments
- Topic: How to set up an HSA account? (for a first time user)
- Replies: 7
- Views: 1122
Re: How to set up an HSA account? (for a first time user)
Thanks, it's HMB Bank, I need a cash balance of $1,000 to invest, once I reach that i have two options, enroll in a money market sweep account, details here: https://hsa.umb.com/Individuals/InvestmentOptions/MoneyMarket/index.htm The money market rate is here: https://fastquote.fidelity.com/webxpress/popup_quote.phtml?SID_VALUE_ID=FMPXX Or, I could do a self directed investment option: https://hsa.umb.com/Individuals/InvestmentOptions/SelfDirectedInvestmentAccount/index.htm I can choose from 170 mutual funds there, no Vanguard option unfortunately. The money market sweep seems more straightforward, based on my limited understanding, if I debit more than cash currently on hand, it will automatically sell shares to fund what I debited. Appare...
- Tue Jan 27, 2015 6:05 pm
- Forum: Personal Investments
- Topic: How to set up an HSA account? (for a first time user)
- Replies: 7
- Views: 1122
How to set up an HSA account? (for a first time user)
Hi all, First I wanted to thank the community for providing such a wealth of information on helping me build a good retirement portfolio. Based on the resources I found here, I have structured my 401K and Roth IRA with simple three-fund portfolios, giving me a lot of peace of mind in setting a retirement path I can understand and manage on my own. I now have an HSA that I need to figure out what to do with, so I'm hoping for some insight on an equivalently simple setup. I've been lucky in using government insurance were I was only responsible for a co-pay for many years, but after transitioning to a new career, this time around I am now using a high deductible plan with an HSA offered by my new job. My deductible is $2000 a year, and the co...