Search found 63 matches

by Superorb
Wed Apr 26, 2017 3:00 pm
Forum: Investing - Help with Personal Investments
Topic: Solo 401k recommendations?
Replies: 50
Views: 1500

Re: Solo 401k recommendations?

Spirit Rider wrote:Fidelity


Thanks as always.
by Superorb
Wed Apr 26, 2017 1:32 pm
Forum: Investing - Help with Personal Investments
Topic: Solo 401k recommendations?
Replies: 50
Views: 1500

Re: Solo 401k recommendations?

Thanks Spirit. Which bank/broker are you referring to?
by Superorb
Wed Apr 26, 2017 12:44 pm
Forum: Investing - Help with Personal Investments
Topic: Solo 401k recommendations?
Replies: 50
Views: 1500

Re: Solo 401k recommendations?

Sorry, I don't have an individual 401(k) at Fidelity, so I cannot answer those questions for Fidelity. It should be easy for them to have a selection dropdown for tax year as well as employee(er) contribution. But if they actually do that is another story. Can you hunt around your account and look ...
by Superorb
Wed Apr 26, 2017 11:59 am
Forum: Investing - Help with Personal Investments
Topic: Solo 401k recommendations?
Replies: 50
Views: 1500

Re: Solo 401k recommendations?

I think you may find this very helpful: https://thefinancebuff.com/solo-401k-provider-service-scope.html and http://whitecoatinvestor.com/where-to-open-your-solo-401k/ Picked Fidelity myself. Thanks. Can you answer these questions for Fidelity please? 1) Are there any account minimum balance requir...
by Superorb
Wed Apr 26, 2017 11:58 am
Forum: Investing - Help with Personal Investments
Topic: Solo 401k recommendations?
Replies: 50
Views: 1500

Re: Solo 401k recommendations?

For the 401(k), I don't know. I am sure they will accept a mailed check with a Letter of Instruction. I think an issue might be making sure whether a contribution is employee deferral or employer contribution which can be addressed with a LoI or writing a note on the physical check. I don't know ho...
by Superorb
Wed Apr 26, 2017 11:41 am
Forum: Investing - Help with Personal Investments
Topic: Solo 401k recommendations?
Replies: 50
Views: 1500

Re: Solo 401k recommendations?

I use TDAmeritrade. 1. No. 2. No. 3. No. 4. Yes. I file 5500EZ (or is it 5500SF) myself. 5. My individual 401(k) has both a traditional and a Roth account. 6. Yes. I rolled over a previous employer 401(k) into my TDAmeritrade individual 401(k). 7. So far, I just drop a check off at the local TDAmer...
by Superorb
Wed Apr 26, 2017 11:36 am
Forum: Investing - Help with Personal Investments
Topic: Solo 401k recommendations?
Replies: 50
Views: 1500

Re: Solo 401k recommendations?

I've made these questions for a Solo 401k now. Does Etrade check all these boxes? I'm not entirely sure what a designated Roth account is though. A Roth designated account, is just that. Traditional 401k employee deferrals and all employer contributions go to a pre-tax traditional 401k account. Rot...
by Superorb
Wed Apr 26, 2017 10:44 am
Forum: Investing - Help with Personal Investments
Topic: Solo 401k recommendations?
Replies: 50
Views: 1500

Re: Solo 401k recommendations?

Etrade. Easy application process, great customer service, loan feature, Roth, allows incoming rollovers, easy money transfer, trusted platform, good mobile app. Have had a solo w them for 3 years now. I've made these questions for a Solo 401k now. Does Etrade check all these boxes? I'm not entirely...
by Superorb
Tue Apr 25, 2017 9:12 am
Forum: Investing - Help with Personal Investments
Topic: Solo 401k recommendations?
Replies: 50
Views: 1500

Re: Solo 401k recommendations?

If you retire, you can terminate your solo 401k at any firm and rollover to a Rollover IRA. Once the assets are in rollover IRA, you can convert any amount you wish to Roth IRA. Repeat your Roth conversions every year if you wish to take advantage of the 0% tax rate offered by deductions and exempt...
by Superorb
Tue Apr 25, 2017 9:08 am
Forum: Investing - Help with Personal Investments
Topic: Solo 401k recommendations?
Replies: 50
Views: 1500

Re: Solo 401k recommendations?

Ok, Vanguard is out since no incoming rollovers and no ability to buy stocks.
by Superorb
Tue Apr 25, 2017 12:00 am
Forum: Investing - Help with Personal Investments
Topic: Solo 401k recommendations?
Replies: 50
Views: 1500

Re: Solo 401k recommendations?

There is no minimum with a Vanguard i401k. This is a good post on where to open i401ks - Where To Open Your Solo 401K . Thanks for the link. I will change the minimum Vanguard, but the bigger points on Vanguard are no rollovers and no Admiral Shares. If Vanguard does not allow incoming rollovers th...
by Superorb
Mon Apr 24, 2017 11:50 pm
Forum: Investing - Help with Personal Investments
Topic: Solo 401k recommendations?
Replies: 50
Views: 1500

Re: Solo 401k recommendations?

It should be possible to convert to Roth funds and then withdraw tax free provided you have enough exemptions and deductions to convert tax free once retired. I just don't know which accounts would allow this or even what that would be called.
by Superorb
Mon Apr 24, 2017 11:02 pm
Forum: Investing - Help with Personal Investments
Topic: Solo 401k recommendations?
Replies: 50
Views: 1500

Re: Solo 401k recommendations?

Thanks so much Spirit! So the ones that say "no Roth" I wouldn't be able to convert 401k funds to Roth funds on a yearly basis (ladder)?
by Superorb
Mon Apr 24, 2017 1:04 pm
Forum: Investing - Help with Personal Investments
Topic: Solo 401k recommendations?
Replies: 50
Views: 1500

Re: Solo 401k recommendations?

Can you buy regular stocks with a Vanguard account? For one of our Fidelity Solo 401k accounts, we bought the commission-free ETFs (iShares) before realizing their mutual funds have a minimum of $500 instead of the usual $2500 when purchased in the Solo 401k. If the stock isn't on the commission-fr...
by Superorb
Mon Apr 24, 2017 12:56 pm
Forum: Investing - Help with Personal Investments
Topic: Solo 401k recommendations?
Replies: 50
Views: 1500

Re: Solo 401k recommendations?

Here's the wiki page about Solo 401k: https://www.bogleheads.org/wiki/Solo_401(k)_plan Main features to consider when choosing: ⋅ investment options? ⋅ contribution method? ⋅ rollovers? ⋅ Roth? ⋅ loans? We use Fidelity as most of our accounts are th...
by Superorb
Mon Apr 24, 2017 12:53 pm
Forum: Investing - Help with Personal Investments
Topic: Solo 401k recommendations?
Replies: 50
Views: 1500

Re: Solo 401k recommendations?

Can you buy regular stocks with a Vanguard account? I have $50k of dividend paying stocks in a taxable brokerage account that I don't pay taxes on since I'm in the 15% bracket and dividends are less than $2k/year right now. I don't expect to be above the 15% bracket MFJ pretty much ever, but I'd lik...
by Superorb
Mon Apr 24, 2017 12:41 pm
Forum: Investing - Help with Personal Investments
Topic: Solo 401k recommendations?
Replies: 50
Views: 1500

Re: Solo 401k recommendations?

I use Vanguard for our Solo 401k and agree that it's easy and intuitive. My biggest annoyance is the lack of digital option to remove the fee-per-fund charge. Assuming you're putting a decent amount of money into it then $20/year isn't a big deal but it is more of a nuisance that I can't get around...
by Superorb
Mon Apr 24, 2017 12:39 pm
Forum: Investing - Help with Personal Investments
Topic: Solo 401k recommendations?
Replies: 50
Views: 1500

Re: Solo 401k recommendations?

I am in the process of applying for a solo 401k at Vanguard. You do have to fill out paperwork but it took less than an hour (for both the employer and employee sides as well as reading through the downloadable material). I plan to use Vanguard just because I have everything else there. They charge...
by Superorb
Mon Apr 24, 2017 12:04 pm
Forum: Investing - Help with Personal Investments
Topic: Solo 401k recommendations?
Replies: 50
Views: 1500

Solo 401k recommendations?

Now that I've got my SEP for 2016 done I'd like to look into opening a Solo 401k for 2017 so I can contribute much more than the SEP to lower my tax burden going forward. I currently have a Schwab checking account that I use and also a taxable brokerage account from them that I don't use. I looked i...
by Superorb
Thu Apr 20, 2017 5:12 pm
Forum: Investing - Help with Personal Investments
Topic: Contribute to SEP IRA and traditional IRA in same tax year?
Replies: 15
Views: 608

Re: Contribute to SEP IRA and traditional IRA in same tax year?

The guy I talked to was just a tech guy for the website, so I have no idea what will happen come next week when the transfer posts to my SEP or what the IRS will think. I don't know where to go from here so I wait. I appreciate the help, and I understand everything found online is not from a lawyer,...
by Superorb
Thu Apr 20, 2017 3:16 pm
Forum: Investing - Help with Personal Investments
Topic: Contribute to SEP IRA and traditional IRA in same tax year?
Replies: 15
Views: 608

Re: Contribute to SEP IRA and traditional IRA in same tax year?

So I called and they allowed me to make a contribution for prior year as an employer, but it won't post till probably Tuesday. I wonder if there's any way to backdate that transfer. I'll have to ask them again once it posts I suppose.
by Superorb
Thu Apr 20, 2017 2:50 pm
Forum: Investing - Help with Personal Investments
Topic: Contribute to SEP IRA and traditional IRA in same tax year?
Replies: 15
Views: 608

Re: Contribute to SEP IRA and traditional IRA in same tax year?

From the IRS SEP Plan FAQ: If the SEP-IRA permits non-SEP contributions, you can make regular IRA contributions (including IRA catch-up contributions if you are age 50 and older) to your SEP-IRA, up to the maximum annual limit. However, the amount of the regular IRA contribution that you can deduct...
by Superorb
Thu Apr 20, 2017 2:35 pm
Forum: Investing - Help with Personal Investments
Topic: Contribute to SEP IRA and traditional IRA in same tax year?
Replies: 15
Views: 608

Re: Contribute to SEP IRA and traditional IRA in same tax year?

Did you have a true Sep IRA account? If so, there are no employee contributions to a SEP IRA. By default, contributions to a SEP IRA are employer contributions. A custodian can allow traditional IRA contributions to a SEP IRA, but they must be made by specific designation. If you attempted to make ...
by Superorb
Thu Apr 20, 2017 11:45 am
Forum: Investing - Help with Personal Investments
Topic: TaxAct not calculating capital gain harvesting properly?
Replies: 28
Views: 1672

Re: TaxAct not calculating capital gain harvesting properly?

You just need to avoid short term gains. Where did the short term gains come from? I thought Betterment just harvested losses, not gains, but I have no direct experience. I have no idea. I'll have to go through and try to see which sale was ST. I always check buy date to make sure it's more than a ...
by Superorb
Thu Apr 20, 2017 11:21 am
Forum: Investing - Help with Personal Investments
Topic: Contribute to SEP IRA and traditional IRA in same tax year?
Replies: 15
Views: 608

Re: Contribute to SEP IRA and traditional IRA in same tax year?

If you submitted the contribution ahead of the deadline and there was a problem, there should be a way to allow the contribution after the error is corrected. It sounds like the error was on Merrill's end. Yes, Monday. They're claiming that the website I used was only for employee contributions, an...
by Superorb
Thu Apr 20, 2017 11:16 am
Forum: Investing - Help with Personal Investments
Topic: Contribute to SEP IRA and traditional IRA in same tax year?
Replies: 15
Views: 608

Re: Contribute to SEP IRA and traditional IRA in same tax year?

Ok. I'm self employed, so I should be able to contribute as both. Shouldn't Merrill have been able to distinguish between the two? Yes, as long as you code the SEP-IRA contribution as an employer contribution. If it is mistakenly coded as an employee contribution then that would be a normal Traditi...
by Superorb
Thu Apr 20, 2017 10:51 am
Forum: Investing - Help with Personal Investments
Topic: Contribute to SEP IRA and traditional IRA in same tax year?
Replies: 15
Views: 608

Re: Contribute to SEP IRA and traditional IRA in same tax year?

Ok. I'm self employed, so I should be able to contribute as both. Shouldn't Merrill have been able to distinguish between the two?
by Superorb
Thu Apr 20, 2017 10:28 am
Forum: Investing - Help with Personal Investments
Topic: Contribute to SEP IRA and traditional IRA in same tax year?
Replies: 15
Views: 608

Re: Contribute to SEP IRA and traditional IRA in same tax year?

Yeah I thought they were allowed. I did $5,500 for 2016 and then the max $4,500) allowed for my SEP for 2016 and Merrill canceled the transfer telling me you can't contribute more than $5,500/year even if it's to a SEP. Our AGI was low, around $50k.
by Superorb
Thu Apr 20, 2017 10:19 am
Forum: Investing - Help with Personal Investments
Topic: Contribute to SEP IRA and traditional IRA in same tax year?
Replies: 15
Views: 608

Contribute to SEP IRA and traditional IRA in same tax year?

Can I contribute the max ($5,500) to my traditional IRA and then also contribute the max (whatever it calculates to) to my SEP IRA for the same 2017 tax year?
by Superorb
Thu Apr 20, 2017 10:00 am
Forum: Investing - Help with Personal Investments
Topic: TaxAct not calculating capital gain harvesting properly?
Replies: 28
Views: 1672

Re: TaxAct not calculating capital gain harvesting properly?

Yup, you are exactly right. So for 2017 how can I make sure that I don't run into this again and I can harvest gains? The loss/gain was from LendingClub or Betterment, and I can't control and of those robo trades. I've since closed my Betterment account and have been winding down my LendingClub acco...
by Superorb
Wed Apr 19, 2017 9:03 pm
Forum: Forum Issues and Administration
Topic: Notifications not working correctly
Replies: 12
Views: 794

Re: Notifications not working correctly

There is no way to disable notifications, and even posts that have been deleted will still show the notification. Once it's triggered it will persist.
by Superorb
Wed Apr 19, 2017 5:27 pm
Forum: Investing - Help with Personal Investments
Topic: TaxAct not calculating capital gain harvesting properly?
Replies: 28
Views: 1672

Re: TaxAct not calculating capital gain harvesting properly?

I've given up. Next year I'll do a simple return to see if they calculate LTCGs correctly.

Thanks everyone.
by Superorb
Wed Apr 19, 2017 5:01 pm
Forum: Investing - Help with Personal Investments
Topic: SEP transfer for 2016 failed, now what?
Replies: 6
Views: 403

Re: SEP transfer for 2016 failed, now what?

I was not suggesting you could file an extension now. I was just making you aware that if you had filed an extension you could make the contribution even if you filed on time. Gotcha. Next time I cut it close I'll file an extension anyways so I don't have to deal with this mess again. Still haven't...
by Superorb
Wed Apr 19, 2017 4:18 pm
Forum: Investing - Help with Personal Investments
Topic: SEP transfer for 2016 failed, now what?
Replies: 6
Views: 403

Re: SEP transfer for 2016 failed, now what?

Good question for your investment firm. Self employed 401K MUST be opened during the tax year for which any contributions are made, so this would not be possible with a SE 401K. It has been a long time since I used a SEP IRA, so I don't know whether what you are attempting is possible. SEP can be o...
by Superorb
Wed Apr 19, 2017 4:18 pm
Forum: Investing - Help with Personal Investments
Topic: SEP transfer for 2016 failed, now what?
Replies: 6
Views: 403

Re: SEP transfer for 2016 failed, now what?

There are perhaps two chances for you to have a SEP IRA contribution count for the 2016 tax year. 1. You could be OK, if the failure was beyond your control and the SEP IRA custodian agrees after it is fixed to treat the contribution as timely. The IRS allows custodians some minor discretion in tre...
by Superorb
Wed Apr 19, 2017 3:48 pm
Forum: Investing - Help with Personal Investments
Topic: TaxAct not calculating capital gain harvesting properly?
Replies: 28
Views: 1672

Re: TaxAct not calculating capital gain harvesting properly?

Do you mean the schedule D tax form? It shows a $108 ST gain and a $376 LT loss. So Line 21 is -268. I actually prefer the tax forms to the online tax summaries and lists. The screen shots you posed indicated capital gains of $0 and $100, not a -$268 under one scenario and some other amount under t...
by Superorb
Wed Apr 19, 2017 3:26 pm
Forum: Investing - Help with Personal Investments
Topic: TaxAct not calculating capital gain harvesting properly?
Replies: 28
Views: 1672

Re: TaxAct not calculating capital gain harvesting properly?

I hear what you're saying. But if you want to know the answer as to why it happened we need to see both Schedule D tax worksheets. Not Schedule D itself, but the tax worksheets where the tax rates for LTCG and qualified dividends come into play. Do you mean the schedule D tax form? It shows a $108 ...
by Superorb
Wed Apr 19, 2017 3:18 pm
Forum: Investing - Help with Personal Investments
Topic: TaxAct not calculating capital gain harvesting properly?
Replies: 28
Views: 1672

Re: TaxAct not calculating capital gain harvesting properly?

Thanks. But we need to see the Schedule D tax worksheets for each scenario to understand why it is happening. The only thing that changed is that I added a dummy $268 gain to cancel out the $268 loss I officially have. Took pics while $0 gain/loss. Then added dummy $100 LT gain and took pics, tax w...
by Superorb
Wed Apr 19, 2017 3:05 pm
Forum: Investing - Help with Personal Investments
Topic: SEP transfer for 2016 failed, now what?
Replies: 6
Views: 403

SEP transfer for 2016 failed, now what?

I opened a SEP IRA Monday and also initiated a transfer for 2016 deductible contribution. The transfer failed, and I'm waiting to hear back as to why. But in the mean time, am I screwed for 2016 SEP contribution? Do I have to now file an amended return and fork over another $900?
by Superorb
Wed Apr 19, 2017 3:00 pm
Forum: Investing - Help with Personal Investments
Topic: TaxAct not calculating capital gain harvesting properly?
Replies: 28
Views: 1672

Re: TaxAct not calculating capital gain harvesting properly?

Ok, here's with $0 gain/loss. I'm not including the 1099-B since I have a zillion entries for LendingClub and Betterment.

Image

Image
by Superorb
Wed Apr 19, 2017 12:53 pm
Forum: Forum Issues and Administration
Topic: Notifications not working correctly
Replies: 12
Views: 794

Re: Notifications not working correctly

bloom2708 wrote:Sorry, I replied and then realized you answered what I answered later in your post. So, was a useless reply. Deleted.


Next time just edit your post to say "deleted" or "nevermind" or whatever you'd like. That way people like me don't lose our minds ;)
by Superorb
Wed Apr 19, 2017 10:14 am
Forum: Investing - Help with Personal Investments
Topic: TaxAct not calculating capital gain harvesting properly?
Replies: 28
Views: 1672

Re: TaxAct not calculating capital gain harvesting properly?

Ok, so I added a gain to offset the loss. Then I added a $100 LT gain and tax went up $15 so a 15% increase which would be fine if I was in the 25% bracket. Here's a screenshot: http://i.imgur.com/Rng7rVa.jpg http://i.imgur.com/l4Lj4D8.jpg http://i.imgur.com/Y2kDvQs.jpg
by Superorb
Tue Apr 18, 2017 8:45 pm
Forum: Investing - Help with Personal Investments
Topic: TaxAct not calculating capital gain harvesting properly?
Replies: 28
Views: 1672

Re: TaxAct not calculating capital gain harvesting properly?

robebibb wrote:Check to see if you are hitting the child tax credit phase out. This happened to me last year and was a bit disappointing.


We have no children.

BL wrote:It could affect taxable SS amounts if you are collecting SS.


We're in our 30s so no SS distributions.
by Superorb
Tue Apr 18, 2017 5:29 pm
Forum: Investing - Help with Personal Investments
Topic: TaxAct not calculating capital gain harvesting properly?
Replies: 28
Views: 1672

Re: TaxAct not calculating capital gain harvesting properly?

Superorb - It sounds like you might be checking the "ordinary" box in box 2 of the 1099-B. This is new on the 1099-B this year. When the "ordinary" box is checked, the gain is treated as ordinary interest income instead of capital gain income. If not that, shoot an email to supp...
by Superorb
Tue Apr 18, 2017 3:51 pm
Forum: Forum Issues and Administration
Topic: Notifications not working correctly
Replies: 12
Views: 794

Re: Notifications not working correctly

Someone DID reply to your post. Maybe you are not seeing it. Try clearing your cache and set your browser to clear the cache when you close it. I have 2 emails for replies to that thread 30mins apart and there's only a single reply that I can see. Bloom2708 was the first user to reply and I can't s...
by Superorb
Tue Apr 18, 2017 3:48 pm
Forum: Investing - Help with Personal Investments
Topic: TaxAct not calculating capital gain harvesting properly?
Replies: 28
Views: 1672

Re: TaxAct not calculating capital gain harvesting properly?

I'm 15% MFJ and they did correctly $0 tax my QDs, though I didn't have much. I have already filed and I can still go in and mess with the forms/numbers. I even did a $20k fictional SEP deduction for my wife since she isn't self employed and then did the small $100 capital gain and it still said I ow...
by Superorb
Tue Apr 18, 2017 3:23 pm
Forum: Forum Issues and Administration
Topic: Notifications not working correctly
Replies: 12
Views: 794

Notifications not working correctly

Two issues. First is that I just received an email and a notification that someone replied to my thread when nobody replied unless maybe they deleted their post? https://www.bogleheads.org/forum/viewtopic.php?f=1&t=216881 Second is that I have disabled all notifications and enabled the emails, y...
by Superorb
Tue Apr 18, 2017 2:54 pm
Forum: Investing - Help with Personal Investments
Topic: TaxAct not calculating capital gain harvesting properly?
Replies: 28
Views: 1672

TaxAct not calculating capital gain harvesting properly?

According to my return I have an AGI of $68k filing jointly. So anything under $75,300 should keep us in the 15% bracket which would make capital gains under that amount tax free right? But it isn't so. I tried entering in a fictional $1,000 capital gain with a 2 year holding period and it's saying ...
by Superorb
Mon Apr 17, 2017 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: Ally 1 Day Transfer
Replies: 15
Views: 2454

Re: Ally 1 Day Transfer

Dominic wrote:I opened my first Ally accounts (checking and savings) last June and no hard pull was made.


Thanks.
by Superorb
Mon Apr 17, 2017 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: Ally 1 Day Transfer
Replies: 15
Views: 2454

Re: Ally 1 Day Transfer

Is Ally a hard or soft pull to open? I recently opened an Alliant CU account which has 1day transfers too, but their cutoff is 12:00 noon Central Time so 11am for me in Denver.

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