Search found 94 matches

by Rose
Thu Mar 15, 2018 11:42 am
Forum: Personal Finance (Not Investing)
Topic: 1099 R question –Rollover to 401K and recharacterization to Roth
Replies: 1
Views: 166

1099 R question –Rollover to 401K and recharacterization to Roth

I have checked all postings about backdoor IRA, FInanceBuff postings and I need some advice to make sure IRS can follow what is going on and to confirm if have everything in order to proceed with backdoor IRA for 2018. Please help. 9/2016 I contributed $5500 to non-deductible IRA for 2016. 2/2017 I ...
by Rose
Fri Feb 09, 2018 2:40 am
Forum: Personal Finance (Not Investing)
Topic: How Do You Discuss Starting Time when You Get a Job Offer
Replies: 29
Views: 2286

How Do You Discuss Starting Time when You Get a Job Offer

I am surprised to see the variability of starting and exit time from this thread https://www.bogleheads.org/forum/viewtopic.php?f=11&t=240906&newpost=3772343 For those who start their time in unusual starting time (say before 7 am or after 8:30am) or exit early before 4:30pm, how do you go about to ...
by Rose
Fri Feb 02, 2018 5:59 pm
Forum: Personal Finance (Not Investing)
Topic: How to Value Multiple Offers
Replies: 8
Views: 693

Re: How to Value Multiple Offers

Is relocation out of the question? No relocation, it is just a big city. What does pension at 8% mean? A) Is this 8% of salary for every year worked? B) Is it pay 8% of salary every year to get a pension of XX% of final salary? Assuming A), I'd go for Job option #2. Less of a commute, slightly high...
by Rose
Fri Feb 02, 2018 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: How to Value Multiple Offers
Replies: 8
Views: 693

Re: How to Value Multiple Offers

Some factors that would impact the decision: Is there a spouse that is stay at home or working close to home? If no spouse, or spouse has long commute, then a long commute for you as well would have a worse impact than if spouse is stay at home and available for emergencies. How is your retirement ...
by Rose
Fri Feb 02, 2018 11:27 am
Forum: Personal Finance (Not Investing)
Topic: How to Value Multiple Offers
Replies: 8
Views: 693

How to Value Multiple Offers

Asking for wisdom from Bogleheads. How would you suggest to value shorter commute vs. salary? Value shorter commute to allow for closer eyes to middle school kids, which I value but not sure how to weigh it :D . Assume the potential for advancement and career length is the same (close to FI, in mid-...
by Rose
Tue Dec 19, 2017 1:49 am
Forum: Personal Consumer Issues
Topic: Single Purpose Device- Waffle Iron
Replies: 27
Views: 2353

Re: Single Purpose Device- Waffle Iron

Thank you for all the responses. The waffle irons is an existing gift and I prefer pancakes by far, but now I feel I need to give this 'step-child' a second look. It has deep enough pockets but can not be flipped. Had I purchased it, I will surely get the pizzele option, grew up with those. DarthSag...
by Rose
Sat Dec 16, 2017 5:46 pm
Forum: Personal Consumer Issues
Topic: Single Purpose Device- Waffle Iron
Replies: 27
Views: 2353

Single Purpose Device- Waffle Iron

I am a fan of Alton Brown that I have a bias about single purpose device...such as a waffle iron.

Is there anything else it can be used for other than making breakfast waffles?
by Rose
Sat Dec 16, 2017 5:44 pm
Forum: Personal Consumer Issues
Topic: Takata Airbag Class Action Settlement
Replies: 25
Views: 3086

Re: Takata Airbag Class Action Settlement

Thanks for all the replies. I decided to go forward. It took probably two minutes, tops.
by Rose
Fri Dec 15, 2017 5:43 pm
Forum: Personal Consumer Issues
Topic: Takata Airbag Class Action Settlement
Replies: 25
Views: 3086

Takata Airbag Class Action Settlement

What is the recommendation for when one receive a postcard announcing that "You may be entitled to a paymeny from a class action settlement"? This time it is from www.autoairbagsettlement.com, involving owners of multiple vehicles due to Takata airbag. Apparently even if you do not pay any out of po...
by Rose
Thu Nov 23, 2017 11:55 pm
Forum: Personal Consumer Issues
Topic: Any tips on gifts for employees?
Replies: 14
Views: 1343

Re: Any tips on gifts for employees?

The gift that I recalled from some supervisors were small gifts with thought. A tape dispenser in the shape of a shoe for a shoe-lover, a balloon animal pump with some balloons for a young parent, all probably less than $15, but thoughtful. Or you can get some gift cards and paired them with a candy...
by Rose
Thu Nov 23, 2017 2:00 am
Forum: Personal Consumer Issues
Topic: Making collegebound Kid Financially Savvy Questions..
Replies: 49
Views: 3467

Re: Making collegebound Kid Financially Savvy Questions..

1 out of college, 1 in and 1 HS soph. we started Debit/Checking accounts at age 15/16. I encouraged long term savings with a Dad matching savings account. I matched anywhere from 25-100% of money into the savings account with the requirement it is not touched for minimum of 1 year. Can you please e...
by Rose
Sat Oct 28, 2017 7:21 am
Forum: Investing - Theory, News & General
Topic: TD Ameritrade user? Question regarding selling Free ETFs
Replies: 55
Views: 6105

Re: TD Ameritrade user? Question regarding selling Free ETFs

A couple of updates I noted on the commission-free program. One is that the short-term fee is now $13.95 and that accounts are now auto-enrolled in the program. I recollect one oddity at TDAM used to be that even if you had free trades and you traded one of their commission free etfs short term, yo...
by Rose
Wed Oct 25, 2017 11:09 pm
Forum: Personal Consumer Issues
Topic: How Often to Check Financial Email Account?
Replies: 11
Views: 1467

Re: How Often to Check Financial Email Account?

What's financial email? Fidelity and Schwab send me trade confirmations, prospectus, and statement notices. Is that what you're talking about? If so, I open them when I receive them. This plus credit cards and banks , i.e., where one might have finance dealings so one wants to make sure no identity...
by Rose
Sat Oct 21, 2017 9:03 am
Forum: Personal Consumer Issues
Topic: How Often to Check Financial Email Account?
Replies: 11
Views: 1467

How Often to Check Financial Email Account?

Recent thread about identity theft on retirement account made me think about how to secure all correspondence and alerts (see the identity theft thread at https://www.bogleheads.org/forum/viewtopic.php?f=2&t=228799&newpost=3581853). For those of you who rely on establishing alerts and secure separat...
by Rose
Wed Sep 20, 2017 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: Does Anyone Have Experience with Chase Credit Journey?
Replies: 3
Views: 534

Does Anyone Have Experience with Chase Credit Journey?

Chase offers Credit Journey that offers Free credit score + AlertsCredit JourneySM (automatically enrolls you in alerts that can help you identify fraud).

The Credit Score is from TransUnion®.

Can anyone comment on their experience or know how long this has been available?
by Rose
Sat Sep 09, 2017 7:50 am
Forum: Personal Finance (Not Investing)
Topic: Purchasing Home With Girlfriend; Good or Bad?
Replies: 68
Views: 6936

Re: Purchasing Home With Girlfriend; Good or Bad?

And things can go south in more ways than just a divisive breakup. Death, disability, drug addition just to name a few. Keeping finances separate is advisable if you aren't legally bound either through marriage or through some kind of detailed partnership agreement at least which spells out what ha...
by Rose
Wed Sep 06, 2017 9:12 am
Forum: Personal Finance (Not Investing)
Topic: New Account Bonus - Capital One MM
Replies: 1
Views: 449

New Account Bonus - Capital One MM

Does anyone have any offer for opening Capital One MM?
I already have Capital One 360 saving and looking to transfer the money to MM, I can deal with the MM limitation.
by Rose
Thu Aug 17, 2017 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: 1099 vs W2 without 401K vs W2
Replies: 4
Views: 463

1099 vs W2 without 401K vs W2

All, a friend is currently about to receive job offers and weighing his options. I am trying to help by calculating the break-even point. - One employer likely will hire him as either a contractor or employee but no 401k is offered. Actually this firm will not offer any benefit, so he will need to g...
by Rose
Fri Aug 04, 2017 10:38 pm
Forum: Investing - Help with Personal Investments
Topic: Early Retirement Approaches (forced) - review my situation?
Replies: 42
Views: 8079

Re: Early Retirement Approaches (forced) - review my situation?

Does anyone have the approach of beginning to draw from 401k's earlier in order to minimize their tax rate on RMD's when they turn 70 1/2? I might have missed someone's answer , but the analysis in the article below about the advantage of pulling from 401k to avoid high RMD'S may be helpful. http:/...
by Rose
Fri Aug 04, 2017 10:19 pm
Forum: Investing - Theory, News & General
Topic: Possible NFCU CD Special?
Replies: 11
Views: 2439

Re: Possible NFCU CD Special?

Is there a limit on how many $10 CDs you can open? (If so, how many?) I recall some bogleheads open several CDs at Ally's.
by Rose
Wed Jul 26, 2017 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: Critique please: Guide for Newly Unemployed
Replies: 3
Views: 686

Critique please: Guide for Newly Unemployed

I put a simple list together for a friend that recently received pink slip and worried about the incoming tuition for his college kid ( new expense). I compiled a list for him to think about by browsing through some threads here and intend to share this in the future as opportunities present itself....
by Rose
Wed Jul 19, 2017 12:43 am
Forum: Personal Consumer Issues
Topic: San Jose and San Francisco Trip
Replies: 24
Views: 2159

Re: San Jose and San Francisco Trip

OP here.Thanks bogleheads for all great advice. As I suspect, majestic natural beauty and people watching seem to be the way to go. Really appreciate all feedback. Now off I go to make reservations.
by Rose
Sun Jul 16, 2017 8:21 am
Forum: Personal Consumer Issues
Topic: San Jose and San Francisco Trip
Replies: 24
Views: 2159

Re: San Jose and San Francisco Trip

Thanks for the ideas of memorable places! May I have input for the $ side: What city should we pick for our hotel if we will likely visit places both in San Jose and San Francisco? I notice Palo Alto, San Mateo, Daly City. Should I go for Uber with two booster seats or just rent a car? Should I just...
by Rose
Sun Jul 16, 2017 1:30 am
Forum: Personal Consumer Issues
Topic: San Jose and San Francisco Trip
Replies: 24
Views: 2159

San Jose and San Francisco Trip

Hi Bogleheads, I will be traveling in mid-August with elementary age kids to San Jose and San Franscisco area. What city should we pick for our hotel if we will likely visit places both in San Jose and San Francisco? I notice Palo Alto, San Mateo, Daly City. Should I go for Uber with two booster sea...
by Rose
Mon Jul 10, 2017 6:09 am
Forum: Personal Finance (Not Investing)
Topic: Laid off - Lump sum severance package. Worried about taxes
Replies: 11
Views: 1632

Re: Laid off - Lump sum severance package. Worried about taxes

Sorry to hear that.

I second the idea to max out 401k and HSA. If your employer allows it, this is the time to do Mega backdoor Roth.
Then run the tax software and send IRS an estimated tax payments as needed.
by Rose
Mon Jul 10, 2017 6:03 am
Forum: Personal Finance (Not Investing)
Topic: What do you do when you run the numbers and don't like the answer that you get?
Replies: 29
Views: 3918

Re: What do you do when you run the numbers and don't like the answer that you get?

In addition to what others have said, is there an option to be elsewhere where you can save more than you would at LCOL and possibly closer to family (MCOL)? In other words , have you checked other cities for possible employment?

Good luck !
by Rose
Thu Jun 29, 2017 7:35 am
Forum: Personal Finance (Not Investing)
Topic: SS Payout - Individual and Spouse Benefit
Replies: 8
Views: 1604

Re: SS Payout - Individual and Spouse Benefit

Thanks, everyone. Something that looks too good to be true is usually is.
by Rose
Sun Jun 25, 2017 7:52 am
Forum: Personal Finance (Not Investing)
Topic: SS Payout - Individual and Spouse Benefit
Replies: 8
Views: 1604

SS Payout - Individual and Spouse Benefit

The scenario: - A couple with the same birthday month and similar work history, each have worked enough to have 40 credits. - Plan to collect benefit starting at 70. - Let's assume their benefit is $20,000/year per person at 70. Would they collectively be able to earn $60,000/year: - Husband: $20,00...
by Rose
Thu Jun 22, 2017 5:43 am
Forum: Investing - Help with Personal Investments
Topic: TIAA Take-over Everbank
Replies: 2
Views: 857

TIAA Take-over Everbank

Any comments or thoughts about how this might impact other than FDIC insurance coverage?

Does anyone have experience with TIAA banking arm?
by Rose
Tue May 02, 2017 6:51 pm
Forum: Investing - Help with Personal Investments
Topic: Old Non-deductible IRA on Backdoor IRA
Replies: 6
Views: 661

Re: Old Non-deductible IRA on Backdoor IRA

There is no such thing as a traditional deductible IRA or a traditional non-deducible IRA. There are only deductible or non-deductible contributions to a traditional IRA. Form 8606 tracks the non-deductible contributions and they are not allowed to be rolled into a 401k. 1. Can the earnings from no...
by Rose
Tue May 02, 2017 12:53 pm
Forum: Investing - Help with Personal Investments
Topic: Old Non-deductible IRA on Backdoor IRA
Replies: 6
Views: 661

Old Non-deductible IRA on Backdoor IRA

Hello, Can someone help me to understand how non-deductible IRA and its gain will be treated during the year of backdoor IRA? I thought that non-deductible and its earnings will not impact / create a taxable amount. However when I fill out for 8606 by hand, it seems that the earning create a taxable...
by Rose
Thu Apr 13, 2017 9:00 pm
Forum: Personal Consumer Issues
Topic: Cost Creep and Teen and College Years?
Replies: 52
Views: 4717

Cost Creep and Teen and College Years?

smitcat alerted cost creep at teen and college years.. "I would think that anyone that has not had kids in the teen and college years will underestimate the cost creep that occurs. It comes from all over the map and is due to many things including but not limited to their interests in music, athleti...
by Rose
Mon Apr 03, 2017 12:42 am
Forum: Investing - Help with Personal Investments
Topic: 401k Advice Needed
Replies: 10
Views: 1019

Re: 401k Advice Needed

Depending on your spending , check out Mega back door Roth.
by Rose
Tue Mar 21, 2017 6:30 am
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth Calculation in Spreadsheet
Replies: 0
Views: 272

Backdoor Roth Calculation in Spreadsheet

Does any Boglehead have any form 8606 in Excel format that they developed to handle backdoor Roth conversion? The usual tip is to use tax software but I would like to try with an Excel form. Unfortunately, Glen Reeves's Excel tax form (from Boglehead Wiki) does not include form 8606. Before I build ...
by Rose
Tue Mar 21, 2017 6:02 am
Forum: Investing - Theory, News & General
Topic: Analyst Offers a Consultation
Replies: 13
Views: 1687

Re: Analyst Offers a Consultation

Thank you for all the replies.

Thank you also for Big Snack and Marcopolo who provided answers to Taylor while I was occupied. I agree may be it is for her and not for me.
by Rose
Sat Mar 18, 2017 7:29 am
Forum: Investing - Theory, News & General
Topic: Analyst Offers a Consultation
Replies: 13
Views: 1687

Analyst Offers a Consultation

What would you do? I just rolled my traditional IRA to 401K. The brokerage analyst asked me why I would do that if this was not from another 401K. I explained about backdoor IRA without using the actual word. At the end she offered a complimentary consultation. This brokerage is of Vanguard caliber....
by Rose
Sat Mar 11, 2017 7:48 pm
Forum: Investing - Help with Personal Investments
Topic: Can We Retire Now? Should I Max AT 401K in the Last Year
Replies: 24
Views: 3609

Re: Can We Retire Now? Should I Max AT 401K in the Last Year

All, thank you for the feedback, this is humbling. I thought we are there if not close since we have about 33x annual expenses (excluding pension and SS). College funds are not fully covered yet, and one can always dream one kid make it to professional school. Health care is also still a question. B...
by Rose
Sat Mar 11, 2017 10:00 am
Forum: Investing - Help with Personal Investments
Topic: Can We Retire Now? Should I Max AT 401K in the Last Year
Replies: 24
Views: 3609

Re: Can We Retire Now? Should I Max AT 401K in the Last Year

Apologize for not being able to get back before the weekend. Thank you for all inputs and push back, I need that! We need more detail. I would submit that net worth is meaningless unless selling your house is in your immediate plans. Details are added, thanks. Why do you have 4 years worth in your e...
by Rose
Sun Mar 05, 2017 3:02 pm
Forum: Investing - Help with Personal Investments
Topic: Can We Retire Now? Should I Max AT 401K in the Last Year
Replies: 24
Views: 3609

Re: RIF, Max AT 401K? RE?

TOJ wrote:Reduction In Force?
Correct the original posting.
by Rose
Sun Mar 05, 2017 11:35 am
Forum: Investing - Help with Personal Investments
Topic: Can We Retire Now? Should I Max AT 401K in the Last Year
Replies: 24
Views: 3609

Can We Retire Now? Should I Max AT 401K in the Last Year

A lot to think about and would like to get the collective wisdom of Bogleheads. We have been careful with our spending and I felt may be it is time to retire early (or welcome RIF - Reduction in Force) Spending: $70k/yr. Planning to fund both kids college at state universities (8 and 10 years out). ...
by Rose
Thu Dec 29, 2016 8:49 am
Forum: Personal Finance (Not Investing)
Topic: Benefit of Getting More $$ even at Highest Tax Bracket (Special Situation)
Replies: 5
Views: 595

Benefit of Getting More $$ even at Highest Tax Bracket (Special Situation)

I heard someone mentioned "Next March, I will receive a year of compensation for my severance. I will not really looking for a job since [the job] will push me to next tax bracket." (Apparently the spouse works too.) I am a bit confused and would like to get some consensus from Bogleheads. Even if t...
by Rose
Thu Dec 29, 2016 5:27 am
Forum: Investing - Help with Personal Investments
Topic: Any advantage of employer matching in after-tax 401k contribution bucket
Replies: 10
Views: 1256

Re: Any advantage of employer matching in after-tax 401k contribution bucket

Note you mention putting the post tax gains into a Rollover IRA. Don't you need to either move that back into the 401k, or convert to a Roth by the end of the year or there will be a pro rata issue with the Roth or if you do a "regular" back door Roth? The first time I moved the post tax gains to a...
by Rose
Tue Oct 11, 2016 10:18 pm
Forum: Investing - Help with Personal Investments
Topic: US Expat in Indonesia
Replies: 57
Views: 6014

Re: US Expat in Indonesia

If your goal is to invest in the stock market, I don't think your investment account will be FDIC insured in any financial institution. FDIC is only for checking and saving. Betterment (and Vanguard for that matter) does not handle checking nor saving.
by Rose
Sat Jul 23, 2016 7:25 am
Forum: Personal Consumer Issues
Topic: Visiting Acadia National Park - Tips?
Replies: 22
Views: 2233

Re: Visiting Acadia National Park - Tips?

Acadia has car camping facility.

An experience I would love to repeat is to buy live lobsters and cook it over camp fire for dinner. Most luxurious and delicious dinner ever.

We also walked around Bar Harbour for a day while we camp. Save $$$.
by Rose
Thu Jul 14, 2016 5:30 am
Forum: Investing - Help with Personal Investments
Topic: $13 Million Goal for Early Retirement (am I crazy?)
Replies: 160
Views: 27909

Re: $13 Million Goal for Early Retirement (am I crazy?)

MaxSave, Condolences to you and your family. I am an 'infant BH', hence not much experience, but if I were you, I will divert all of the money currently goes to taxable to Megabackdoor if the plan allow for in-service withdrawal. Roth contribution is always accessible. In turn, this help you to max ...
by Rose
Sun Jul 10, 2016 6:01 pm
Forum: Investing - Help with Personal Investments
Topic: Advantage of In-Service Rollover Pre-tax Employer Contribution
Replies: 10
Views: 1055

Re: Advantage of In-Service Rollover Pre-tax Employer Contribution

I think in-service rollovers before 59 1/2 are unusual - and I've only seen them discussed with respect to after-tax (non-Roth) contributions. Certainly plans can allow it for employer contributions, although as mentioned above, not for employee pre-tax. My plan allows rollover of matching funds, b...
by Rose
Sun Jul 10, 2016 10:29 am
Forum: Investing - Help with Personal Investments
Topic: Advantage of In-Service Rollover Pre-tax Employer Contribution
Replies: 10
Views: 1055

Re: Advantage of In-Service Rollover Pre-tax Employer Contribution

Lafder wrote:Does the plan allow post tax contributions and keep track of them, and allow in service rollovers for post tax contributions? If so there might be a chance for mega back door Roths.

lafder
They do. I edited the original posting now to reflect this.
by Rose
Sun Jul 10, 2016 7:55 am
Forum: Investing - Help with Personal Investments
Topic: Advantage of In-Service Rollover Pre-tax Employer Contribution
Replies: 10
Views: 1055

Advantage of In-Service Rollover Pre-tax Employer Contribution

The Summary Plan Document on my 401K allows In-Service Rollover of Vested pre-tax employer contributions (=employer match) and pre-tax earnings, even for those under 59 1/2 yrs old. Under what circumstances would a boglehead use this? I haven't seen any discussion about this, not sure if this is com...
by Rose
Fri Jul 01, 2016 8:35 pm
Forum: Investing - Help with Personal Investments
Topic: after tax 401k contributions?
Replies: 19
Views: 1465

Re: after tax 401k contributions?

cals400ex wrote:
Why would I not want to do this, due to the additional compound interest, plus being able to roll it to a roth ira when retired?
Search the finance buff and mega back door Roth IRA series. Good luck!