Search found 73 matches

by Rose
Wed Jul 19, 2017 12:43 am
Forum: Personal Consumer Issues
Topic: San Jose and San Francisco Trip
Replies: 24
Views: 1680

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: 1680

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: 1680

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: 1257

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: 3365

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: 1191

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: 1191

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: 547

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: 505

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: 505

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: 3940

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, at...
by Rose
Mon Apr 03, 2017 12:42 am
Forum: Investing - Help with Personal Investments
Topic: 401k Advice Needed
Replies: 10
Views: 763

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: 204

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: 1429

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: 1429

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: 3268

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: 3268

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: 3268

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: 3268

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: 486

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....
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: 1028

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 ...
by Rose
Tue Oct 11, 2016 10:18 pm
Forum: Investing - Help with Personal Investments
Topic: US Expat in Indonesia
Replies: 57
Views: 5045

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: 1917

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: 147
Views: 21701

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: 959

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: 959

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: 959

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: 1261

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!
by Rose
Fri Jul 01, 2016 8:30 pm
Forum: Investing - Help with Personal Investments
Topic: What am I not understanding?
Replies: 45
Views: 4718

Re: What am I not understanding?

Not exactly the same question, but do you see somewhat similar question here:

viewtopic.php?f=1&t=194414&newpost=2962550
by Rose
Fri Jul 01, 2016 7:17 pm
Forum: Personal Consumer Issues
Topic: Your Favorite Factory Tours?
Replies: 70
Views: 5632

Re: Your Favorite Factory Tours?

Boeing at Seattle.
It is inspiring.
by Rose
Sun Jun 19, 2016 8:40 pm
Forum: Investing - Theory, News & General
Topic: I knew there was a reason I invest in Wellesley
Replies: 15
Views: 3953

Re: I knew there was a reason I invest in Wellesley

Really intriguing.

PJW, I never seen the threads before, and they are sure going to be my reading list for awhile.
by Rose
Sun Jun 19, 2016 9:09 am
Forum: Investing - Theory, News & General
Topic: I knew there was a reason I invest in Wellesley
Replies: 15
Views: 3953

Re: I knew there was a reason I invest in Wellesley

So for those who has significant position in this fund...how would one approach using this in their three portfolio fund? Would this replace the total market and total bond. . . . or just replace total market or...?
by Rose
Thu Jun 09, 2016 9:10 pm
Forum: Personal Finance (Not Investing)
Topic: Beneficiaries and Savings Accounts
Replies: 15
Views: 1920

Re: Beneficiaries and Savings Accounts

This is a known issue with Capital One. You can find more on this by searching.

I understand Ally offers 1% and beneficiary designation.

Good luck.
by Rose
Sat Jun 04, 2016 8:35 pm
Forum: Investing - Help with Personal Investments
Topic: Convert tIRA (with basis) and then rollover 401(k) in same year?
Replies: 4
Views: 413

Re: Convert tIRA (with basis) and then rollover 401(k) in same year?

If OP only rollovers partial amount of 401k to tIRA and then immediately convers that to 401k, would that be an option to allow both done this year?

Of course this assumes OP can do partial rollover. ..
by Rose
Wed May 11, 2016 2:55 am
Forum: Investing - Help with Personal Investments
Topic: Another 529 question
Replies: 14
Views: 2491

Re: Another 529 question

Private college currently cost approx. $65K/year for tuition, room and board combined. With college costs historically increasing approx. 4% - 4.5% per year it's likely to increase to $108K- $115K per year in next 13 years (when your elder child enters college). At that time 4-year undergraduate de...
by Rose
Sat Apr 30, 2016 7:54 am
Forum: Personal Finance (Not Investing)
Topic: Old 8606 Form - Incorrectly Chose Distribution/Conversion
Replies: 3
Views: 505

Old 8606 Form - Incorrectly Chose Distribution/Conversion

Fellow bogleheads, Can you help me to understand if an amended/corrected 8606 form is needed? The year is 2013, let's assume there is no non-deductible IRA contribution until that year, and the contribution was not converted to Roth. Below are the details: Line 1 Non-deductible contirbution for 2013...
by Rose
Sat Apr 30, 2016 12:16 am
Forum: Personal Consumer Issues
Topic: Cell Phone Issue
Replies: 4
Views: 1005

Re: Cell Phone Issue

Short report. The Sprint repair technician found that the existing mini SD card is faulty and interfere with how the phone is working. For better or worse, the phone is now working again after the mini SD card is pulled off about 4 hours ago. And I found a lot of comments about this particular cause...
by Rose
Fri Apr 29, 2016 6:00 am
Forum: Personal Consumer Issues
Topic: Cell Phone Issue
Replies: 4
Views: 1005

Re: Cell Phone Issue

A couple suggestions : 1) Have you talked to Sprint about whether the phone is under warranty ? Sometimes you can get a replacement . 2) Most of the big three you can barter with . Tell them a competitor will buy you out of your contract ( some will ) . 3) Buy a phone outright and shop Providers li...
by Rose
Wed Apr 27, 2016 7:55 pm
Forum: Personal Consumer Issues
Topic: Cell Phone Issue
Replies: 4
Views: 1005

Cell Phone Issue

My cell phone starts to be unreliable. The screen freezes up on various occasions, e.g. when I switch from Internet to homepage or look up details in the phone book. It does not appear to be a memory issue. One time it even did not charge. Each time I have to take off the battery to have the problem...
by Rose
Fri Apr 01, 2016 1:39 pm
Forum: Personal Finance (Not Investing)
Topic: Capital One Beneficiary Designation - Trust Only??
Replies: 8
Views: 3035

Re: Capital One Beneficiary Designation - Trust Only??

For many years before TOD existed for brokerage or mutual fund accounts, you could name a beneficiary for a bank account. It's called a Totten Trust (named after an old case permitting this). The account would read "Depositor's Name, in trust for Beneficiary's Name." The word "trust&...
by Rose
Sun Mar 27, 2016 8:57 am
Forum: Personal Finance (Not Investing)
Topic: Capital One Beneficiary Designation - Trust Only??
Replies: 8
Views: 3035

Capital One Beneficiary Designation - Trust Only??

Have you guys experienced the same with your Capital One/Capital one 360 or any other CO account? Apparently the only way to designate beneficiary is through a trust or probate. I have searched long list of discussions in bogleheads, but only one or two mentioned about this isssue. This is a big iss...
by Rose
Sat Jan 30, 2016 10:20 am
Forum: Personal Finance (Not Investing)
Topic: Mega back door or taxable
Replies: 22
Views: 2749

Re: Mega back door or taxable

There is more than 1 kind of 5 year clock. It appears you are getting them confused. 1) The Roth IRA itself has a 5 year clock. This clock starts in the year you set up your first Roth IRA. It applies to all your Roth IRAs even if you end up having 100 of them. This is the clock the article is refe...
by Rose
Sat Jan 30, 2016 9:04 am
Forum: Personal Finance (Not Investing)
Topic: Mega back door or taxable
Replies: 22
Views: 2749

Re: Mega back door or taxable

Maybe this link will help. http://fairmark.com/retirement/roth-accounts/roth-distributions/distribution-overview/ http://fairmark.com/retirement/roth-accounts/roth-distributions/ Thanks, retiredjg, I am trying to understand how and if I can RE, so this is actionable and helpful. I have to do more r...
by Rose
Fri Jan 29, 2016 10:29 pm
Forum: Personal Finance (Not Investing)
Topic: Combining backdoor Roth and rollover of 401k after-tax contributions
Replies: 27
Views: 2649

Re: Combining backdoor Roth and rollover of 401k after-tax contributions

OP, listen to retiredjg who helped me last year Also pay attention to your fathers marginal tax rate. Be careful as the conversion of after-tax dollars to Roth will add to his "income", the added income may push him into the next higher rate. I thought "conversion" of after tax ...
by Rose
Fri Jan 29, 2016 6:46 pm
Forum: Personal Finance (Not Investing)
Topic: Mega back door or taxable
Replies: 22
Views: 2749

Re: Mega back door or taxable

I was hoping that someone who has actually done this procedure would answer. It seems right to me as well, but I think you will also get a 1099R from your 401k administrator. Here's an example of why and how you need to keep your records. It has to do with the order in which money comes out of Roth...
by Rose
Sat Jan 09, 2016 9:13 am
Forum: Investing - Help with Personal Investments
Topic: Funding a backdoor Roth for 2015 in 2016
Replies: 33
Views: 6436

Re: Funding a backdoor Roth for 2015 in 2016

Duckie, I wonder if your steps should be put in the Wiki? One thing I might question is the second conversion - do we actually know if a custodian will convert something like 6 cents to Roth? It seems to me that as long as the amount is 49 cents or less, it should not matter - it can just be left t...
by Rose
Sat Jan 09, 2016 9:11 am
Forum: Local Chapters and Bogleheads Community
Topic: Suggestions for the Wiki
Replies: 375
Views: 188667

Re: Suggestions for the Wiki

Please consider adding this as another reference of TLH partners opportunity: https://www.bogleheads.org/forum/viewtopic.php?p=2751217#p2751217 Please consider adding this to backdoor Roth conversion that spans two years. Duckie's step-by-step is useful: https://www.bogleheads.org/forum/viewtopic.ph...

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