Search found 584 matches

by WorkToLive
Fri Nov 17, 2017 10:46 am
Forum: Personal Consumer Issues
Topic: Suggestions for 1st week vacation in 2018?
Replies: 21
Views: 1337

Re: Suggestions for 1st week vacation in 2018?

The USVI recently suffered a massive hurricane and their infrastructure is still quite damaged. I would check with the hotels before I booked that. Not sure about Grand Cayman.

What about Cozumel, Mexico?
by WorkToLive
Sat Nov 11, 2017 10:02 pm
Forum: Investing - Help with Personal Investments
Topic: IRA Rollover 1 per year rule
Replies: 14
Views: 1106

Re: IRA Rollover 1 per year rule

I think I am more confused than ever. IRS guidance does not seem to be helpful here. Is it ok to do what I propose as long as I have the check written to the new IRA holder? Who can I confirm this with?
by WorkToLive
Sat Nov 11, 2017 7:19 am
Forum: Investing - Help with Personal Investments
Topic: IRA Rollover 1 per year rule
Replies: 14
Views: 1106

Re: IRA Rollover 1 per year rule

Thank you. So as long as I get the distribution check written out to TIAA-CREF and do not have any tax withholding, I can do both. I'm sure that is feasible.
by WorkToLive
Fri Nov 10, 2017 3:09 pm
Forum: Investing - Help with Personal Investments
Topic: IRA Rollover 1 per year rule
Replies: 14
Views: 1106

IRA Rollover 1 per year rule

I'm trying to understand the rule related to: IRA one-rollover-per-year rule You generally cannot make more than one rollover from the same IRA within a 1-year period. You also cannot make a rollover during this 1-year period from the IRA to which the distribution was rolled over. Beginning after Ja...
by WorkToLive
Tue Oct 31, 2017 6:38 pm
Forum: Personal Finance (Not Investing)
Topic: Morningstar Forums Display Name
Replies: 7
Views: 1057

Re: Morningstar Forums Display Name

Thanks for letting me know. Glad it worked!
by WorkToLive
Mon Oct 30, 2017 8:01 pm
Forum: Personal Finance (Not Investing)
Topic: Morningstar Forums Display Name
Replies: 7
Views: 1057

Re: Morningstar Forums Display Name

I posted a comment on one of the regular Morningstar articles first, then it let me post on the forum.
by WorkToLive
Mon Oct 09, 2017 7:44 am
Forum: Investing - Help with Personal Investments
Topic: Coverdell ESA - Can Minor open own account?
Replies: 10
Views: 1187

Re: Coverdell ESA - Can Minor open own account?

This page says Pub 270 specifically allows child to make contributions. "One way is to have the child make the contribution. Nothing in the law prohibits this, and the IRS explicitly says, in Publication 970, that this is possible." http://fairmark.com/college/saving/coverdell/contrib.htm Pub 270 re...
by WorkToLive
Wed Oct 04, 2017 7:56 pm
Forum: Investing - Help with Personal Investments
Topic: Health Savings Account recommendation
Replies: 22
Views: 2431

Re: Health Savings Account recommendation

Another vote for Optum Bank. I'm happy with them. My new employer uses HSA Bank so now I have them as well. I'm almost ready to invest with TD Ameritrade now that I've built up the required $5,000 in cash.
by WorkToLive
Sun Oct 01, 2017 7:27 pm
Forum: Investing - Help with Personal Investments
Topic: Preparing for Backdoor Roth IRA
Replies: 5
Views: 684

Re: Preparing for Backdoor Roth IRA

Already done for me! This is the first year he has had access to a 403B so I have been contributing to his nondeductible traditional IRA in preparation for this conversion.
by WorkToLive
Sun Oct 01, 2017 2:40 pm
Forum: Investing - Help with Personal Investments
Topic: Preparing for Backdoor Roth IRA
Replies: 5
Views: 684

Re: Preparing for Backdoor Roth IRA

My plan is to pay tax on the difference between my basis in the post tax TIRA and the amount rolled into the Roth. There is very little gain (all bond funds).
by WorkToLive
Sat Sep 30, 2017 3:00 pm
Forum: Investing - Help with Personal Investments
Topic: Preparing for Backdoor Roth IRA
Replies: 5
Views: 684

Preparing for Backdoor Roth IRA

My DH has the following accounts: --Traditional IRA with only pre-tax funds (rollovers from previous workplace retirement accounts & deductible contributions) --Traditional IRA with only post-tax funds (never deducted from income) --SIMPLE IRA (employer and employee contributions) --403(b) at curren...
by WorkToLive
Sat Sep 30, 2017 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: Two Comma Club
Replies: 17
Views: 4463

Re: Two Comma Club

Sorry, those of us familiar with Dave Ramsey just use the BS# format to make our posts shorter. Here is what they mean! Baby Step 1: $1,000 cash in a beginner emergency fund Baby Step 2: Use the debt snowball to pay off all your debt but the house Baby Step 3: A fully funded emergency fund of 3 to 6...
by WorkToLive
Wed Sep 27, 2017 4:18 pm
Forum: Investing - Help with Personal Investments
Topic: *New question* Worth it to go into 403(b) from TIRA/SIMPLE?
Replies: 10
Views: 622

Re: *New question* Worth it to go into 403(b) from TIRA/SIMPLE?

Full breakdown is here https://www.bogleheads.org/forum/viewtopic.php?f=1&t=227019&p=3533414#p3519106 It's about 7% of investable assets. Desired AA is 70/30 and I'm closer to 80/20 now. I'm happy with the TIAA Traditional and executed the change today. Next step is to roll in the SIMPLE and pre-tax...
by WorkToLive
Wed Sep 27, 2017 9:09 am
Forum: Investing - Help with Personal Investments
Topic: *New question* Worth it to go into 403(b) from TIRA/SIMPLE?
Replies: 10
Views: 622

Re: *New question* Worth it to go into 403(b) from TIRA/SIMPLE?

I went to Morningstar forums, but they had no idea what I was trying to do and no real advice. So, I thought about this a bunch more and decided to go with the TIAA Traditional for new 403(b) contributions and to roll over the SIMPLE and pre-tax TIRA funds into that as well. Here was my rationale: -...
by WorkToLive
Sun Sep 24, 2017 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: Morningstar Forums Display Name
Replies: 7
Views: 1057

Re: Morningstar Forums Display Name

Thank you! It worked.
by WorkToLive
Sun Sep 24, 2017 7:17 am
Forum: Personal Finance (Not Investing)
Topic: Morningstar Forums Display Name
Replies: 7
Views: 1057

Morningstar Forums Display Name

I have several TIAA-CREF questions and would like to discuss them at the Morningstar.com Forums. I made a user account, can log in, and get to the Forums, but when I click "New Post" the site asks me to choose a display name and no matter what I type in, it won't let me choose one. I've tried the cr...
by WorkToLive
Thu Sep 21, 2017 8:08 pm
Forum: Investing - Theory, News & General
Topic: No More Saving???
Replies: 114
Views: 11070

Re: No More Saving???

I thought about this but the fact is with our income hovering just above $200,000, it would be foolish not to take advantage of tax-deferred accounts. So we just keep saving!
by WorkToLive
Wed Sep 20, 2017 8:44 am
Forum: Investing - Help with Personal Investments
Topic: *New question* Worth it to go into 403(b) from TIRA/SIMPLE?
Replies: 10
Views: 622

Re: Worth it to go into 403(b) from TIRA/SIMPLE?

Ok, new plan: What about I put the $166,000 and new contributions into the TIAA Traditional Retirement Choice annuity? Yes, this locks the money in forever, basically, but since we have no pensions of any sort, it might be nice to have an annuity. Current interest is 4.25%, but only guaranteed at 1%...
by WorkToLive
Mon Sep 18, 2017 8:08 pm
Forum: Investing - Help with Personal Investments
Topic: *New question* Worth it to go into 403(b) from TIRA/SIMPLE?
Replies: 10
Views: 622

Re: Worth it to go into 403(b) from TIRA/SIMPLE?

That's definitely something to consider.

I could also use the TIAA Retirement Choice account and lock the money into an annuity. It's earning 4.25% now. But guaranteed at some value above 1%. I really want to simplify and grow the Roth, but maybe I'm being short-sighted.
by WorkToLive
Mon Sep 18, 2017 12:16 pm
Forum: Investing - Help with Personal Investments
Topic: *New question* Worth it to go into 403(b) from TIRA/SIMPLE?
Replies: 10
Views: 622

Re: Worth it to go into 403(b) from TIRA/SIMPLE?

Golly gosh, that's what a little bit of math will get you, huh? I don't think it's worth $1,000 a year, no. Well, crud. That deep sixes my entire plan. Now I have to decide if it's still worth contributing $5,500 to the separate non-deductible Traditional IRA in case an option ever opens up where I ...
by WorkToLive
Mon Sep 18, 2017 10:04 am
Forum: Investing - Help with Personal Investments
Topic: *New question* Worth it to go into 403(b) from TIRA/SIMPLE?
Replies: 10
Views: 622

Re: Worth it to go into 403(b) from TIRA/SIMPLE?

Thank you for your thoughts! I'll be moving approximately $166,000 to the 403(b). I do not anticipate any change in tax bracket in retirement. We are currently in the 28% fed and 7.95% state brackets. The equity options at TIAA-CREF are not much less expensive (0.61% ER). SIMPLE is not from self-emp...
by WorkToLive
Mon Sep 18, 2017 9:42 am
Forum: Investing - Help with Personal Investments
Topic: *New question* Worth it to go into 403(b) from TIRA/SIMPLE?
Replies: 10
Views: 622

*New question* Worth it to go into 403(b) from TIRA/SIMPLE?

I'm about to pull the trigger to move TIRA and SIMPLE funds into a TIAA-CREF 403(b) plan in order to open up the Backdoor Roth path without paying taxes. Please tell me if this is a good idea considering I'm paying less than 0.07% expenses in the TIRA with Vanguard and SIMPLE with Fidelity and will ...
by WorkToLive
Fri Sep 15, 2017 9:41 am
Forum: Investing - Help with Personal Investments
Topic: Help with TIAA-CREF
Replies: 15
Views: 1795

Re: Help with TIAA-CREF

I ended up directing contributions to CREF Bond Market Account. If I thought my husband was planning to work here for many, many years, I would probably have done TIAA Traditional, but I think he won't be there an extended time. I don't want to deal with annuity check for $200/month when I retire. I...
by WorkToLive
Fri Sep 15, 2017 7:46 am
Forum: Investing - Help with Personal Investments
Topic: Help with TIAA-CREF
Replies: 15
Views: 1795

Re: Help with TIAA-CREF

When do you plan to retire? Are the ibm stock from a previous employer? Are there gains locked in there or could you easily sell? At 2.7M, are you financially independent already? Would you be okay losing >1M this year and perhaps being years from being FI again? No, we aren't FI yet. First, we are...
by WorkToLive
Fri Sep 15, 2017 7:32 am
Forum: Personal Finance (Not Investing)
Topic: Personal Milestone-this is the only place to share
Replies: 21
Views: 2489

Re: Personal Milestone-this is the only place to share

That's a tremendous milestone. Cheers!
by WorkToLive
Sun Sep 10, 2017 7:52 pm
Forum: Investing - Help with Personal Investments
Topic: Help with TIAA-CREF
Replies: 15
Views: 1795

Re: Help with TIAA-CREF

Thank you to all who replied. The HR person had no clue about any of my questions. I think I'll wait for his account to be activated and then see what options are available. The website is terribly unclear.
by WorkToLive
Mon Sep 04, 2017 8:58 am
Forum: Investing - Help with Personal Investments
Topic: Help with TIAA-CREF
Replies: 15
Views: 1795

Help with TIAA-CREF

My DH recently began a new job with a 403(b) through TIAA-CREF. I am having to learn a whole new language and need some help deciding how to invest his money. I apologize for the length of this post and very much appreciate any and all opinions. I am also happy to go to Morningstar forums if that wo...
by WorkToLive
Tue Jul 18, 2017 10:44 am
Forum: Personal Finance (Not Investing)
Topic: Advice Needed - Investing, Saving, Debt reduction
Replies: 26
Views: 2356

Re: Advice Needed - Investing, Saving, Debt reduction

My advice is A, for sure, but with an additional caveat. At age 41 (guessing based on your OP), you are vastly underfunded for your retirement. Until you have a solid plan for retirement, college savings needs to be on the back burner. You don't appear to be saving anywhere near the amount you will ...
by WorkToLive
Sat Jul 08, 2017 7:29 am
Forum: Personal Finance (Not Investing)
Topic: Help me with potential new job situation
Replies: 13
Views: 1130

Re: Help me with potential new job situation

IME, it's normal to ask for time. Recruiters also will send you benefits information. This is normal stuff! Good luck!!
by WorkToLive
Thu Jul 06, 2017 2:08 pm
Forum: Personal Consumer Issues
Topic: New compact hatchback or used small SUV?
Replies: 18
Views: 2391

Re: New compact hatchback or used small SUV?

What about the new Honda HR-V?
by WorkToLive
Mon Jul 03, 2017 8:18 pm
Forum: Investing - Theory, News & General
Topic: Planet Money episode about the Mutilated Currency Division
Replies: 8
Views: 1072

Re: Planet Money episode about the Mutilated Currency Division

I recently used this service on a torn $20 bill I received from an ATM. While it was clearly more than half, no store or bank would accept it. I mailed it in in May, and just got my $20 check from the US Treasury last weekend. Yay for the government doing something well!
by WorkToLive
Wed Jun 28, 2017 1:59 pm
Forum: Personal Consumer Issues
Topic: Do you buy phone outright or pay it off monthly...
Replies: 62
Views: 4250

Re: Do you buy phone outright or pay it off monthly...

I pay monthly because my employer reimburses up to $75/mo and I have my bill at $74.75 so my phone is being paid for by my employer.
by WorkToLive
Wed Jun 28, 2017 10:23 am
Forum: Personal Consumer Issues
Topic: Cellular Data Usage
Replies: 11
Views: 1092

Re: Cellular Data Usage

Is it possible Location Services is using data? Could you try disabling Location Services?
by WorkToLive
Sun Jun 25, 2017 9:12 pm
Forum: Personal Finance (Not Investing)
Topic: irrevocable trust for children receiving an inheritance
Replies: 54
Views: 4745

Re: irrevocable trust for children receiving an inheritance

What, specifically, are you worried about the grandchildren doing? Are they drug addicts? How old are they now? Are there reasons to believe it is a terrible idea to follow the trust guidance, which is to distribute the assets at age 30, if I understand correctly? I am having trouble understanding y...
by WorkToLive
Fri Jun 09, 2017 8:09 pm
Forum: Personal Finance (Not Investing)
Topic: (Very) Early Retirement vs Parenthood
Replies: 74
Views: 5713

Re: (Very) Early Retirement vs Parenthood

Anyone who does not wish to have their life as they know it come to an end should not have a child. That said, my husband and I decided to have one child in our early 30s and are now 12 years away from that decision. We do not regret our decision to have our daughter in any way however, it is a very...
by WorkToLive
Tue Jun 06, 2017 7:40 pm
Forum: Investing - Help with Personal Investments
Topic: Investment Advice
Replies: 31
Views: 2623

Re: Investment Advice

Please forgive my ignorance, I understand the mortgage interest but where did you get the estimated $8,000 for tax free insurance? Is that adding estimated costs of home owners, flood, health, etc? I meant workplace insurance, mainly health insurance. Those deductions come from your paycheck and ar...
by WorkToLive
Tue Jun 06, 2017 11:10 am
Forum: Personal Finance (Not Investing)
Topic: Employer over contribution to SIMPLE IRA
Replies: 9
Views: 975

Re: Employer over contribution to SIMPLE IRA

It turned out they coded the extra money as an Employer Contribution so I could have shut my mouth, but instead I told the company and they are making plans to withdraw the overcontribution. I can sleep with myself at night.
by WorkToLive
Tue Jun 06, 2017 5:16 am
Forum: Investing - Help with Personal Investments
Topic: Investment Advice
Replies: 31
Views: 2623

Re: Investment Advice

You can almost certainly get under the Roth contribution limit if you max out your and her tax-deferred plan options. That's $36,000 between you. From gross $202,000 less $36,000 less $8,000 for tax free insurance (est.) less $5000 mortgage interest (est.), comes to $153,000, well under the MFJ $184...
by WorkToLive
Tue Jun 06, 2017 5:03 am
Forum: Personal Consumer Issues
Topic: Broken Honda Accord key 2009
Replies: 11
Views: 1335

Re: Broken Honda Accord key 2009

Having recently went through this I have some advice for you. First, is the electronic doodad inside still functioning? If so, take that and the old key to a locksmith and they can help you. The dealer is a total rip off and this Is what the mechanic told me to do for next time.
by WorkToLive
Fri May 26, 2017 8:55 am
Forum: Personal Finance (Not Investing)
Topic: Employer over contribution to SIMPLE IRA
Replies: 9
Views: 975

Re: Employer over contribution to SIMPLE IRA

Thank you. That's a perfect approach. I want to fix this by mid-June. Company is completely unresponsive and DH is leaving employment effective June 15, 2017.
by WorkToLive
Fri May 26, 2017 8:13 am
Forum: Personal Finance (Not Investing)
Topic: Employer over contribution to SIMPLE IRA
Replies: 9
Views: 975

Re: Employer over contribution to SIMPLE IRA

But this isn't his money! They did it by accident. Account is with Fidelity. Should I call Fidelity?
by WorkToLive
Fri May 26, 2017 5:00 am
Forum: Personal Finance (Not Investing)
Topic: Employer over contribution to SIMPLE IRA
Replies: 9
Views: 975

Re: Employer over contribution to SIMPLE IRA

$12,500 was withheld from EE paycheck
$14,500 was deposited as designated EE contributions

Match was 3% and designated separately.

ER will not withdraw excess $2,000 contributions despite repeated requests because they are lazy and unresponsive.
by WorkToLive
Thu May 25, 2017 8:31 pm
Forum: Personal Finance (Not Investing)
Topic: Employer over contribution to SIMPLE IRA
Replies: 9
Views: 975

Employer over contribution to SIMPLE IRA

My husband's employer maintains a SIMPLE IRA. The employer accidentally contributed an extra $2000 to his account over the $12,500 payroll withholdings he had made to date for a total of $14,500. Despite repeated attempts to get the employer to correct the problem, they have not yet done so. Is ther...
by WorkToLive
Tue May 23, 2017 5:05 am
Forum: Investing - Help with Personal Investments
Topic: Can you still do backdoor Roth with SIMPLE-IRA plan?
Replies: 7
Views: 842

Re: Can you still do backdoor Roth with SIMPLE-IRA plan?

I understand and have been in the same position. DH is finally moving to a job with a 403b so we will be able to roll his SIMPLE to his new 403b and open the backdoor. I've queued up 2-3 years of basis in his tIRA for conversion next year.
by WorkToLive
Mon Apr 17, 2017 11:55 am
Forum: Personal Consumer Issues
Topic: how much is reasonable amount to spend [on gymnastics]
Replies: 42
Views: 3740

Re: how much is reasonable amount to spend

My daughter is 11 and studies piano, violin, ballet, modern, and swimming. She is also a top student in a well regarded private school. Honestly, we pay a lot for her to do these things. Her activities are about $1,000/month and private school is another $25k/year. It's worth it to us because she i...
by WorkToLive
Sun Apr 16, 2017 7:48 pm
Forum: Personal Consumer Issues
Topic: how much is reasonable amount to spend [on gymnastics]
Replies: 42
Views: 3740

Re: how much is reasonable amount to spend

My daughter is 11 and studies piano, violin, ballet, modern, and swimming. She is also a top student in a well regarded private school. Honestly, we pay a lot for her to do these things. Her activities are about $1,000/month and private school is another $25k/year. It's worth it to us because she is...
by WorkToLive
Thu Apr 06, 2017 7:24 pm
Forum: Personal Finance (Not Investing)
Topic: Secretly entered two comma club
Replies: 44
Views: 7625

Re: Secretly entered two comma club

Don't know where you live but private K is about $35k/kid/year. If you can't sign up for that for 26 years (13 years*2 kids) don't start now.
by WorkToLive
Tue Mar 14, 2017 1:21 pm
Forum: Personal Consumer Issues
Topic: USAA 2.5% Cash Back Credit Card
Replies: 253
Views: 44144

Re: USAA 2.5% Cash Back Credit Card

Hi, sorry, just checking back because I wanted to let people know they use Equifax for the credit check so I had to unfreeze our credit through them. I was approved the next business day. To see the offer, I went to the app, chose the "Products" shopping bag icon on the home page, chose Ba...