Search found 1854 matches

by am
Tue Feb 09, 2016 10:50 pm
Forum: Investing - Help with Personal Investments
Topic: Non deduct. iRA question
Replies: 8
Views: 362

Re: Non deduct. iRA question

Thanks Alan.
by am
Tue Feb 09, 2016 9:54 pm
Forum: Investing - Help with Personal Investments
Topic: Non deduct. iRA question
Replies: 8
Views: 362

Re: Non deduct. iRA question

Thanks. Do you know if it is ok to convert to Roth from non deduct. iRA before you get a rollover IRA to your 401k? Is it correct that to avoid taxes on the conversion, it is ok as long as you get the rollover over to the 401k before the last day of the year?
by am
Tue Feb 09, 2016 7:55 pm
Forum: Investing - Help with Personal Investments
Topic: Non deduct. iRA question
Replies: 8
Views: 362

Re: Non deduct. iRA question

Does this apply to early withdrawals of original contribution for Roths also?
by am
Tue Feb 09, 2016 7:10 pm
Forum: Investing - Theory, News & General
Topic: "Wall Street Strategists Are Cutting Their 2016 Estimates"
Replies: 13
Views: 1266

Re: "Wall Street Strategists Are Cutting Their 2016 Estimates"

I like how forecasters follow the momentum of the market. So if we keep going down the forecasts keep going down. I say we will have a monster finish due to stimulus and better than expected earnings :D
by am
Tue Feb 09, 2016 6:58 pm
Forum: Investing - Help with Personal Investments
Topic: Non deduct. iRA question
Replies: 8
Views: 362

Re: Non deduct. iRA question

So your saying that she will be taxed twice on the original non deduct comtribution from 2008?
by am
Tue Feb 09, 2016 5:27 pm
Forum: Investing - Help with Personal Investments
Topic: Non deduct. iRA question
Replies: 8
Views: 362

Non deduct. iRA question

Wife has a 23k SEP IRA with a 4K non deduct. contribution. Is taking the 4K non deduct. contribution as easy as withdrawing 4K and than presenting the 8606 form from 2008 (when non deduct. Contribution was made) to my accountant? Also, does it make sense to just place this money into a taxable accou...
by am
Tue Feb 09, 2016 2:25 pm
Forum: Investing - Help with Personal Investments
Topic: Worth converting this SEP IRA to Roth IRA?
Replies: 6
Views: 283

Re: Worth converting this SEP IRA to Roth IRA?

I figure the tax bill will be 6K federal plus 700 dollars state. But I would be able to get in 11k into Roth (2015 and 16 contributions). Wife does not want to open up a solo 401k do to administrative hassles (not sure how much there are really?). Would have to do this through Fidelity as their sol...
by am
Tue Feb 09, 2016 12:34 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor roth conversion question
Replies: 2
Views: 178

Re: Backdoor roth conversion question

Thanks for the response. As far as IRS audits or step doctrines, does this have any relevance in that case?
by am
Tue Feb 09, 2016 12:32 pm
Forum: Investing - Help with Personal Investments
Topic: HSA investment question
Replies: 6
Views: 351

Re: HSA investment question

Well I get a 33% fed.+ 4 % state break NOW on my medical bills so I use it for all medical bills. I anticipate being in a lower bracket during retirement. It bothers me to have all this money sitting earning nothing when the earnings are tax free. On the other hand, I do not want to take much risk a...
by am
Tue Feb 09, 2016 12:26 pm
Forum: Investing - Help with Personal Investments
Topic: Worth converting this SEP IRA to Roth IRA?
Replies: 6
Views: 283

Re: Worth converting this SEP IRA to Roth IRA?

I figure the tax bill will be 6K federal plus 700 dollars state. But I would be able to get in 11k into Roth (2015 and 16 contributions). Wife does not want to open up a solo 401k do to administrative hassles (not sure how much there are really?). Would have to do this through Fidelity as their solo...
by am
Tue Feb 09, 2016 10:50 am
Forum: Investing - Help with Personal Investments
Topic: HSA investment question
Replies: 6
Views: 351

HSA investment question

I have an HSA account in cash right now about 11k earning nothing. Is it worth investing this given I have very low cost index options? Also, is it generally preferred to invest in a more conservative allocation than the rest of the portfolio if there is a chance I will need the funds in the next 5 ...
by am
Tue Feb 09, 2016 10:33 am
Forum: Investing - Help with Personal Investments
Topic: Backdoor roth conversion question
Replies: 2
Views: 178

Backdoor roth conversion question

I have contributed to my trad. IRA for 2015 and 16. I would like to do a backdoor Roth. Yesterday, I began the process of transferring my rollover IRA to my current 401k provider. Can I do the Roth conversion before the rollover IRA funds make it to the 401k or should I wait?
by am
Tue Feb 09, 2016 10:25 am
Forum: Investing - Help with Personal Investments
Topic: Worth converting this SEP IRA to Roth IRA?
Replies: 6
Views: 283

Worth converting this SEP IRA to Roth IRA?

Wife's 23k SEP IRA has 4K in non deduct. contributions. We are at the 33% fed bracket and max out all other retirement accounts. We anticipate being in a lower bracket in retirement. We have > 15k in recent capital losses. Is it worth converting her IRA to Roth and than making backdoor Roth contribu...
by am
Mon Feb 08, 2016 7:49 pm
Forum: Investing - Theory, News & General
Topic: Non deduct. IRA as emergency fund tier?
Replies: 6
Views: 370

Re: Non deduct. IRA as emergency fund tier?

I mean to only place fixed income like bonds and CDs into the non deduct. Ira since those are taxed as ordinary income anyways.
by am
Mon Feb 08, 2016 7:30 pm
Forum: Investing - Theory, News & General
Topic: Non deduct. IRA as emergency fund tier?
Replies: 6
Views: 370

Non deduct. IRA as emergency fund tier?

While setting up my backdoor Roths, I started thinking about why non deduct. IRAs are not recommended more for fixed income/emergency funds for high income earners? You can get your original post tax contribution back at no penalty. The money grows tax deferred so there is a chance that you will pay...
by am
Mon Feb 08, 2016 7:26 pm
Forum: Investing - Help with Personal Investments
Topic: Old non deduct. iRA contribution and backdoor Roth question
Replies: 5
Views: 322

Re: Old non deduct. iRA contribution and backdoor Roth question

Thanks for the help. I did a lot of reading about this and only the pre tax contributions get transferred over to 401k including any gains from the original non deduct. contribution since gains are pre tax. Now let's hope This loophole won't be reversed by new laws. I read a Kitces article where he ...
by am
Mon Feb 08, 2016 8:30 am
Forum: Investing - Help with Personal Investments
Topic: Is 20 years long enough
Replies: 6
Views: 1610

Re: Is 20 years long enough

The short answer is that no one knows what the markets will do in the next 20 years. In the past, patient disciplined investors have been rewarded with inflation beating rewards. Stocks have always fluctuated and had bad years but have always come back, but sometimes over years. But the comeback par...
by am
Sun Feb 07, 2016 6:35 pm
Forum: Investing - Help with Personal Investments
Topic: Old non deduct. iRA contribution and backdoor Roth question
Replies: 5
Views: 322

Re: Old non deduct. iRA contribution and backdoor Roth question

Since the non deductible contribution was made before backdoor roths were allowed does this change anything? Also after doing that rollover from non deduct. Ira to roth, will I still be able to do 2015 and 16 backdoor roths?
by am
Sun Feb 07, 2016 5:19 pm
Forum: Investing - Help with Personal Investments
Topic: Disappointed in International Funds
Replies: 42
Views: 3335

Re: Disappointed in International Funds

There are no guarantees that any of our investments will be worthwhile during our investment lifetimes despite expectations based on historical performance. You gotta have faith in the markets, stick to your plan and keep investing. Hopefully it will work out in the end :sharebeer
by am
Sun Feb 07, 2016 5:14 pm
Forum: Investing - Help with Personal Investments
Topic: Old non deduct. iRA contribution and backdoor Roth question
Replies: 5
Views: 322

Old non deduct. iRA contribution and backdoor Roth question

Back in 07 or 08 I made a non deductible TIRA contribution which was the max at that time. Since then I have rolled over old employer 401ks to this IRA. The IRA is now much larger than the non deductible contribution. Now I have a Fidelity 401k with brokerage link where I use Spartan funds for the 3...
by am
Thu Feb 04, 2016 9:52 pm
Forum: Personal Finance (Not Investing)
Topic: How to get a 200k+/year job?
Replies: 107
Views: 9996

Re: How to get a 200k+/year job?

Many fields of medicine will do it, especially if you avoid primary care. But, it takes a lot of effort to get into med school and than to make it through training intact. Most these days have high loans. Life in medicine can be tough even as an attending so it may not be worth it for some. But prob...
by am
Tue Feb 02, 2016 9:42 pm
Forum: Personal Finance (Not Investing)
Topic: Physician buying an 850k vs 1.25m house
Replies: 54
Views: 5092

Re: Physician buying an 850k vs 1.25m house

Pay off low interest mortgage to not throw away money every month especially if you have the cash to pay it off. Returns are not guaranteed in any investments no matter how low the expectations. The peace of mind that comes with a paid off house is priceless. What a mistake in my opinion to consider...
by am
Sun Jan 31, 2016 12:06 pm
Forum: Investing - Theory, News & General
Topic: How do ETFs work?
Replies: 53
Views: 2515

Re: How do ETFs work?

The more I Hear about ETF's, the less I care for them as long term investments . They (ETF's) sound to be more appropriate for the quicky ( make a fast buck) Day Traders crowd ! SeeMoe.. :annoyed Not if you are a stay the course boglehead type of investor. I have been using the 3 funder ETF portfol...
by am
Sat Jan 30, 2016 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: Public school or private school (with school data)
Replies: 90
Views: 4819

Re: Public school or private school (with school data)

Public school is good enough. If they are good motivated kids than they will get what they want in life without the price tag. The high pressured overachiever path is way overrated (I know).
by am
Mon Jan 25, 2016 8:44 pm
Forum: Investing - Help with Personal Investments
Topic: Another 100% stock thread!
Replies: 33
Views: 2816

Re: Another 100% stock thread!

Long time horizon won't reduce the risk of holding equities either. Don't know what's around the corner and how long it will stick around. Just because we have recovered from previous bears, doesn't mean we will in the future and doesn't mean you will stick to the plan. Even at 2% return, bonds may ...
by am
Mon Jan 25, 2016 5:41 pm
Forum: Personal Finance (Not Investing)
Topic: SEP IRA for s corp question
Replies: 10
Views: 485

Re: SEP IRA for s corp question

So should I go ahead and make the 3k 2015 contribution to the existing sep in her name? Ignore my accountant and trouble of opening a new sep or changing the old one?
by am
Mon Jan 25, 2016 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: SEP IRA for s corp question
Replies: 10
Views: 485

Re: SEP IRA for s corp question

My accountant said it should be in the s corps name. Could he be wrong?
by am
Mon Jan 25, 2016 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: SEP IRA for s corp question
Replies: 10
Views: 485

SEP IRA for s corp question

Does a sep IRA for an s corp business with one owner and no employees need to be under the corporate name? We currently have one in the business owners name which may be wrong. If so would we have to rename it or take another measure? Thanks
by am
Mon Jan 25, 2016 10:29 am
Forum: Investing - Help with Personal Investments
Topic: Another 100% stock thread!
Replies: 33
Views: 2816

Re: Another 100% stock thread!

Risk of stocks does not go away with time. You could be 100% stocks until the day before retirement and a brutal bear market will take away most of your gains. When you come close to reaching your goal, you should take risk off the table in my opinion.
by am
Thu Jan 21, 2016 12:55 pm
Forum: Investing - Help with Personal Investments
Topic: Scaling in when Dow drops to...
Replies: 14
Views: 1611

Re: Scaling in when Dow drops to...

Getting real creative with tax loss harvesting. Guess I am good if Vanguard didnt flag them as wash sales.
by am
Tue Jan 19, 2016 8:12 pm
Forum: Investing - Theory, News & General
Topic: Downside protection
Replies: 19
Views: 1819

Re: Downside protection

Would adding us treasury fund rather than total bond market be a better choice?
by am
Tue Jan 19, 2016 6:49 pm
Forum: Investing - Help with Personal Investments
Topic: Shifting AA ahead of possible recession?
Replies: 17
Views: 1380

Re: Shifting AA ahead of possible recession?

Market timing doesnt work.
by am
Wed Jan 13, 2016 10:19 pm
Forum: Personal Finance (Not Investing)
Topic: Saving for the future vs you only live once
Replies: 72
Views: 7914

Re: Saving for the future vs you only live once

Striking a balance is important. How would you feel if you knew today was the last day? Regrets of not going on that vacation or buying that car you dreamed about. As an MD I see a lot of lives cut short or infused with pain and suffering. If we knew the future planning would be so much easier. But,...
by am
Wed Jan 13, 2016 9:35 pm
Forum: Investing - Help with Personal Investments
Topic: The Three-Fund Portfolio [Mutual funds or ETFs?]
Replies: 14
Views: 1474

Re: The Three-Fund Portfolio [Mutual funds or ETFs?]

I use etfs for my 3 funder because years ago I built it this way and liked the flexibility of tax loss harvesting without those annoying 60 day holds now gone. Now I can switch back to mutual funds but I would have to sell the ETFs and wait til the funds settle. So I would be out of the market for 3...
by am
Mon Jan 11, 2016 9:31 pm
Forum: Investing - Help with Personal Investments
Topic: CNBC's "Fast Money"
Replies: 14
Views: 2917

Re: CNBC's "Fast Money"

I used to watch those guys for entertainment and because they made me feel like I was a sophisticated investor :D Now I just do a 3 funder and spend time with my boys instead.
by am
Sun Jan 10, 2016 11:59 am
Forum: Investing - Help with Personal Investments
Topic: Should I increase stock%?
Replies: 7
Views: 877

Should I increase stock%?

I asked this in a thread below but wanted to start a new thread as well. I have 30% of my portfolio in TBM and muni intermed. but not sure why? I have a large risk tolerance and a fairly stable profession (MD). Bonds in no way will help me achieve my goal of financial independence asap but stocks ca...
by am
Sun Jan 10, 2016 11:53 am
Forum: Investing - Help with Personal Investments
Topic: VBTLX, where's the upside? [Vanguard Total Bond Market Index]
Replies: 16
Views: 1481

Re: VBTLX, where's the upside? [Vanguard Total Bond Market Index]

I have 30% of my portfolio in TBM and muni intermed. but not sure why? I have a large risk tolerance and a fairly stable profession (MD). Bonds in no way will help me achieve my goal of financial independence asap but stocks can. Maybe I should go for broke and be 90%+ stocks? Notice how I am ponder...
by am
Sun Jan 10, 2016 11:41 am
Forum: Investing - Help with Personal Investments
Topic: Can I buy etfs tomorrow?
Replies: 2
Views: 481

Can I buy etfs tomorrow?

Vanguard brokerage says I have 3k available for trades. My tax exempt money market fund which is the sweep account says funds will not be available until Fri the 15th. If I trade tomorrow, the settlement date is Thursday next week. Should I wait until Tuesday or is tomorrow ok? Thanks.
by am
Wed Jan 06, 2016 6:17 pm
Forum: Personal Finance (Not Investing)
Topic: Include 529 in net worth?
Replies: 32
Views: 2376

Re: Include 529 in net worth?

I use it in networth because it is my money. I could always use it for myself if I have to.
by am
Wed Jan 06, 2016 5:52 pm
Forum: Personal Consumer Issues
Topic: Any good free kindle books on Amazon?
Replies: 21
Views: 1607

Any good free kindle books on Amazon?

I need some books for a trip. I like investing and business but will read anything good for the price :D
by am
Wed Jan 06, 2016 4:46 pm
Forum: Investing - Theory, News & General
Topic: [Market] Correction...Corection...Correction
Replies: 103
Views: 9790

Re: CORRECTION...Corection...Correction

This is just noise! Stay the course and enjoy your life :sharebeer
by am
Wed Jan 06, 2016 4:43 pm
Forum: Investing - Help with Personal Investments
Topic: Chipotle
Replies: 16
Views: 1662

Re: Chipotle

I used to be a frequent Chipottle customer but have not been since the outbreaks. I find it disturbing to say the least that there are multiple cases in different locations. With other options in my area, I will not take any chances. There are probably many others with the same opinion. I do not int...
by am
Sun Jan 03, 2016 3:03 pm
Forum: Personal Consumer Issues
Topic: How much is your house worth?
Replies: 71
Views: 5454

Re: How much is your house worth?

How could Redfin be accuate to 2% for houses on sale and 6% off the market? Factors like updates, condition, lot location (busy road versus not), landscaping, neighberhood, other problems etc be possibly taken into account? House on Redfin is about 650k but we have updated it in the last 6 years, ad...
by am
Sat Jan 02, 2016 7:19 pm
Forum: Investing - Help with Personal Investments
Topic: Doctor Strategies
Replies: 74
Views: 9291

Re: Doctor Strategies

We need doctors to lower expectations from the expectations of years past. There is considerably more education debt to salary and salaries appear to be trending down when adjusted for inflation. We will need more doctors willing to make less or we will have a serious shortage. It will be especiall...
by am
Sat Jan 02, 2016 1:07 pm
Forum: Investing - Help with Personal Investments
Topic: Doctor Strategies
Replies: 74
Views: 9291

Re: Doctor Strategies

Don't forget deferred compensation either. Sure you can lose the money in the case of bankruptcy (which is extremely rare) but the benefits are huge for physicians. Money is protected from YOUR creditors. Don't have to pay taxes on the money until you are in a lower bracket in retirement and tax de...
by am
Sat Jan 02, 2016 11:11 am
Forum: Investing - Help with Personal Investments
Topic: Doctor Strategies
Replies: 74
Views: 9291

Re: Doctor Strategies

Have not read anything about minimizing expenses. Just because you can afford a 1 mil+ house does not mean you should. You will place more stress on yourself, reduce your options and have more years to financial freedoms (if ever). Taxes, maintenance, insurance, furnishing, etc. will kill you. Have ...
by am
Wed Dec 30, 2015 8:58 pm
Forum: Personal Finance (Not Investing)
Topic: Hsa transfer of assets question with brokerage
Replies: 9
Views: 475

Re: Hsa transfer of assets question with brokerage

Not much of a choice with IRS. Many choices other than Fidelity! My point is that it was impossible to get help today and the information is wrong I believe. It was my first day off after a rough work stretch and I need to transfer these funds before fees kick in.
by am
Wed Dec 30, 2015 5:42 pm
Forum: Personal Finance (Not Investing)
Topic: Hsa transfer of assets question with brokerage
Replies: 9
Views: 475

Re: Hsa transfer of assets question with brokerage

Agree but perhaps they should anticipate the increased volume and have extra help?
by am
Wed Dec 30, 2015 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: Hsa transfer of assets question with brokerage
Replies: 9
Views: 475

Re: Hsa transfer of assets question with brokerage

So I waited at Fideltiy for 10 min for a representative. He told me that HSA bank should initiate the transfer to Fidelity so I have to fill out their paperwork. Is that right? Than he transferred me to the HSA division and I gave up after waiting for 15 min. So much for Fidelity service :annoyed
by am
Wed Dec 30, 2015 10:13 am
Forum: Investing - Theory, News & General
Topic: How much have you made through long-term investments so far?
Replies: 24
Views: 1772

Re: How much have you made through long-term investments so far?

We have had a great market run especially 82-99. So not sure what this means other than long term investors were lucky to have been a part of this.

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