Search found 381 matches

by crit
Tue Feb 20, 2018 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard 1099-R for Brokerage Acct
Replies: 13
Views: 702

Re: Vanguard 1099-R for Brokerage Acct

Yep, got mine.
by crit
Mon Feb 19, 2018 9:18 pm
Forum: Local Chapters and Bogleheads Community
Topic: Suggestions for the Wiki
Replies: 401
Views: 209158

Re: Suggestions for the Wiki

Hi. Apologies for not searching whether this suggestion has been made here in advance, but I'm on mobile. In the Backdoor Roth page, I think it would be worthwhile to post a suggestion. To report a full backdoor in Turbo Tax (at least, and possibly other software), it is often helpful to skip the su...
by crit
Sun Feb 18, 2018 8:46 pm
Forum: Investing - Help with Personal Investments
Topic: Really need an advice: sell the house or rent it out
Replies: 40
Views: 2167

Re: Really need an advice: sell the house or rent it out

Sell. In addition to ask all of the above comments about being a landlord .... As someone who could not sell in 2007 (and became a landlord) I will tell you: sell while the selling is good. You do NOT want to be stuck with a house you cannot sell, for far less than it 'should' or for that matter at ...
by crit
Sun Feb 18, 2018 10:33 am
Forum: Personal Finance (Not Investing)
Topic: Turbotax help, Backdoor Roth IRA but originally made mistake
Replies: 6
Views: 432

Re: Turbotax help, Backdoor Roth IRA but with caveats

In TurboTax, you will report that you contributed to a Roth, when they ask the ira questions. Then TT will ask you whether you recharacterized, and you will say yes. You will get a 1099R from VG that reports the distribution from the Roth to the traditional, and it will have a code number/letter tha...
by crit
Mon Feb 12, 2018 8:27 pm
Forum: Investing - Help with Personal Investments
Topic: I didn't tax-loss harvest this month, did you?
Replies: 86
Views: 4928

Re: I didn't tax-loss harvest this month, did you?

stocknoob4111 wrote:
Mon Feb 12, 2018 6:58 pm
if I understand this correctly, if my investment is showing red I can sell it and buy it back again to realize the loss?
You do not understand this correctly. You cannot sell to realize a loss and then immediately buy it back again. That is the definition of a wash sale.
by crit
Sun Feb 11, 2018 9:12 pm
Forum: Investing - Help with Personal Investments
Topic: I didn't tax-loss harvest this month, did you?
Replies: 86
Views: 4928

Re: I didn't tax-loss harvest this month, did you?

Same, nothing in red (yet). Last vtsax purchase was at $64.50 or so.
by crit
Tue Jan 30, 2018 8:11 am
Forum: Personal Consumer Issues
Topic: Paris Hotel Recommendations
Replies: 21
Views: 1542

Re: Paris Hotel Recommendations

I can strongly recommend Hotel Littre, which is on a side street near Monparnasse. The breakfast was very well done.

And do NOT overlook Cafe Littre, same street but not associated with hotel. It looks like just a bar from the outside. It's very much not. Wonderful, wonderful food.
by crit
Mon Jan 29, 2018 9:05 am
Forum: Personal Finance (Not Investing)
Topic: Change in "career", PA or Optometry?
Replies: 79
Views: 6297

Re: Change in "career", PA or Optometry?

Look into entrance requirements. Since you may not have had orgo in your aviation undergrad (but you probably did have physics and calc): For PA school: likely chemistry (2 sem), organic chemistry (same), biochemistry (same), microbiology, anatomy, physiology, cell biology, immunology. This is ~2 ye...
by crit
Wed Jan 24, 2018 9:55 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor ROTH misunderstanding, is it me or Vanguard "Retirement Specialist"
Replies: 27
Views: 2246

Re: Backdoor ROTH misunderstanding, is it me or Vanguard "Retirement Specialist"

Regarding moving forward from here, does your current 401k accept incoming rollovers? If so, you could move your old-401k rollover IRA money into the new 401k, and unless you have other non-Roth IRAs, that would pave the way for uncomplicated backdoor Roth maneuvers. This won't clear up the past-yea...
by crit
Wed Jan 24, 2018 9:48 pm
Forum: Personal Consumer Issues
Topic: Disaster with Verizon Billing after Moving
Replies: 4
Views: 766

Re: Disaster with Verizon Billing after Moving

You can protest or appeal to the credit bureaus (I would say try the CFPB, but that agency may be evaporating). They cannot ding you for a bill you didn't receive.
by crit
Wed Jan 24, 2018 9:45 pm
Forum: Personal Consumer Issues
Topic: Could meditation help deal with market distress?
Replies: 32
Views: 1792

Re: Could meditation help deal with market distress?

Maybe. But if you need that much therapy .... maybe your risk tolerance isn't what you think it is.
by crit
Wed Jan 24, 2018 9:42 pm
Forum: Personal Finance (Not Investing)
Topic: Dear wife quits job and now we are down to 1 income
Replies: 190
Views: 16269

Re: Dear wife quits job and now we are down to 1 income

I agree with Fraggle. Original poster, you sound pretty stressed. In a year, you've had a lot of big changes. Both you and your wife are new parents (congrats), and that comes with lots of joy, and stress. Obviously, your situation wouldn't be tenable for 10 or 20 years, but ... you know that, and y...
by crit
Tue Jan 23, 2018 8:34 pm
Forum: Personal Finance (Not Investing)
Topic: Letter from Social Security re Fraudulent Claim
Replies: 54
Views: 5080

Re: Letter from Social Security re Fraudulent Claim

No, it's cat-related, but I do own my fair share of bikes.
by crit
Tue Jan 23, 2018 8:33 pm
Forum: Personal Finance (Not Investing)
Topic: Best Tax Software for Backdoor Roth
Replies: 11
Views: 621

Re: Best Tax Software for Backdoor Roth

It will help both you and the software if you skip ahead in the questions to where you report the tIRA contribution, then go back and report the distribution (conversion) "income". Last year I initially had a mess from a recharacterization (from a direct Roth contribution back to a tIRA contribution...
by crit
Mon Jan 22, 2018 10:08 pm
Forum: Personal Finance (Not Investing)
Topic: Letter from Social Security re Fraudulent Claim
Replies: 54
Views: 5080

Re: Letter from Social Security re Fraudulent Claim

I think you only need to unlock Equifax. We're about to do this for one of us, so I'll report back if that is incorrect. But I'd much rather pay $10 than go to the SSA office (which just tells you that the opportunity cost of the unlock fee is correctly priced).
by crit
Mon Jan 22, 2018 11:17 am
Forum: Investing - Theory, News & General
Topic: Buying and Spending Bitcoin
Replies: 194
Views: 23297

Re: Buying and Spending Bitcoin

I agree that Tether sounds like vaporware. My guess is that it's a lure used on exchanges that don't offer the crytpo-USD or other pair that you want to exchange. It -sounds- like it should be the crypto-equivalent of a money-market fund that is "tethered" (!) to the USD. It isn't. It's brilliant ma...
by crit
Sun Jan 21, 2018 6:11 pm
Forum: Investing - Help with Personal Investments
Topic: Help reviewing 1st time backdoor Roth for specific circumstances.
Replies: 7
Views: 485

Re: Help reviewing 1st time backdoor Roth for specific circumstances.

I think you will want to skip the $2200 backdoor for yourself in 2017, because your tIRA balance on 12/31/17 was nonzero. Wait until the tIRA to 401k rollover is complete.
by crit
Sat Jan 20, 2018 9:52 am
Forum: Personal Consumer Issues
Topic: Telemarketing calls from my own prefix
Replies: 44
Views: 3009

Re: Telemarketing calls from my own prefix

I get a ton of these. Hiya can help here, and because they maintain a list of known scam numbers, it is a good app to use overall. If your phone is Android, you can block number patterns (like area code + three numbers) from your phone app itself. It's in phone - settings - call - call rejection - a...
by crit
Thu Jan 18, 2018 6:11 pm
Forum: Investing - Help with Personal Investments
Topic: views on "Empower Retirement" as a 401k provider? fees? ease of use etc?
Replies: 30
Views: 1669

Re: views on "Empower Retirement" as a 401k provider? fees? ease of use etc?

My spouse had empower when we first merged finances. In 2015, I found that the $42k of contributions made between 2005 and 2007 had sat in a money market fund (ok, not their fault) since 2008 and had diminished to $38k through their fees. I did not look deeply into what those fees were exactly, but ...
by crit
Sun Jan 14, 2018 7:59 pm
Forum: Personal Finance (Not Investing)
Topic: A half year at full pay or a full year at half pay?
Replies: 49
Views: 4798

Re: A half year off at full pay or a full year off at half pay?

I cannot believe that a percentage of the money I send to my kid's college is being given to professors who are "taking a year off with half-pay and full benefits". You're getting some kickback on this line of thinking, for many reasons. At a straightforward level, it is part of a compensation pack...
by crit
Thu Jan 11, 2018 10:57 pm
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 450
Views: 35541

Re: What frugal thing did you do today?

I changed the batteries in our front door combination lock.

Oh wait, oops, I didn't, even though I suspected it sounded like the batteries were dying.

You all know what a locksmith costs, right?

Don't be me. Change the batteries. Much cheaper.
by crit
Thu Jan 11, 2018 9:45 pm
Forum: Personal Finance (Not Investing)
Topic: A half year at full pay or a full year at half pay?
Replies: 49
Views: 4798

Re: A half year at full pay or a full year at half pay?

Academic here, who is planning on the whole year. The thing that gives me qualms is the doubled housing costs. But still. Remember that universities are, generally, quite generous with retirement contributions. You're likely a bit ahead of the game for that reason. My spouse gets nothing from his co...
by crit
Tue Jan 09, 2018 1:17 pm
Forum: Investing - Help with Personal Investments
Topic: Please help my backdoor Roth IRA process better next year
Replies: 15
Views: 972

Re: Please help my backdoor Roth IRA process better next year

Well, my "unavailable" shares in Roth are $5500.19 in MMF so ... interest happens? I would guess the only improvements you could make next year would be to check whether you can convert 2 days later, which you should have been able to do. You still have to contribute, wait 2 days for the ACH transfe...
by crit
Tue Jan 09, 2018 12:47 pm
Forum: Investing - Help with Personal Investments
Topic: Please help my backdoor Roth IRA process better next year
Replies: 15
Views: 972

Re: Please help my backdoor Roth IRA process better next year

In step 2, you should have CONVERTED via a button on the Vanguard page that says "Convert to Roth". About your $1.27, are you a new Vanguard customer? Did you fund the contribution online, or through talking to a rep? I made my tIRA contribution on 1/2 (via transfer from a linked bank account), and ...
by crit
Sun Jan 07, 2018 9:09 am
Forum: Personal Finance (Not Investing)
Topic: Identity Theft - Social Security Claim & Green Dot Bank Debit
Replies: 15
Views: 1694

Re: Identity Theft - Social Security Claim & Green Dot Bank Debit

The two other places to freeze your credit are Chex Systems and Innovis.
by crit
Fri Jan 05, 2018 2:34 pm
Forum: Investing - Help with Personal Investments
Topic: Cryptocurrency Exit Strategy
Replies: 52
Views: 4671

Re: Cryptocurrency Exit Strategy

We did not buy our crypto, and thus have not yet been registered on any exchanges. As I said above, we are unable to register now. We will have to wait out this bubble and its volume. It would have been, well, nice, and we're very frustrated, and I think you can understand why I have to view it as a...
by crit
Thu Jan 04, 2018 8:18 pm
Forum: Investing - Help with Personal Investments
Topic: Cryptocurrency Exit Strategy
Replies: 52
Views: 4671

Re: Cryptocurrency Exit Strategy

Sell. Sell now. We own some crypto that we got early last summer, and cannot get out because all of the exchanges are backed up indefinitely in processing new users. Or that's the story I am told. I frankly don't buy it. I think it's all fictional, the whole thing. I don't think anyone is trading an...
by crit
Wed Jan 03, 2018 7:15 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth conversion - Am I too late?
Replies: 3
Views: 570

Re: Backdoor Roth conversion - Am I too late?

Contributions are limited-time events, per year.
Conversions are a separate event, and you can do those anytime.
by crit
Wed Jan 03, 2018 7:10 pm
Forum: Personal Finance (Not Investing)
Topic: Max It Out Tomorrow [your IRA]
Replies: 164
Views: 17972

Re: Max It Out Tomorrow [your IRA]

I was waffling about it because it'll reduce our cash buffer right as spouse's 401k gets front-loaded and our take-home is reduced, but ... we do have the money so I pulled the trigger on the first step of the backdoor Roths today.
by crit
Sat Dec 09, 2017 8:56 am
Forum: Personal Finance (Not Investing)
Topic: Prepayment of SALT Taxes? [State and Local]
Replies: 270
Views: 24232

Re: Prepayment of SALT Taxes? [State and Local]

A question - I am thinking of prepaying. Our property taxes are paid through escrow by our mortgage holder. How do I coordinate that with them? When I've accidentally paid the insurance bill when it showed up, the mortgage holder ends up sending us a repayment check a month later (because that is es...
by crit
Fri Nov 17, 2017 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: Timing of rolling IRA into 401k & initiating a back door Roth conversion
Replies: 6
Views: 491

Re: Timing of rolling IRA into 401k & initiating a back door Roth conversion

It was a VG to VG custodial transfer and i was not able to see the money in my account only for about a 36 hours (which is good since it was a very large number and even 36 hours that made me nervous.... :? ) I'm still in 'nervous'. Spouse's tIRA went from mid-5 figures to zero on 11/10, and I'm .....
by crit
Fri Nov 17, 2017 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: Timing of rolling IRA into 401k & initiating a back door Roth conversion
Replies: 6
Views: 491

Re: Timing of rolling IRA into 401k & initiating a back door Roth conversion

I just posted about doing this ... I'm -almost- there but really should wait for the balance to show up in the 401k. You're good to go. Look at the 8086: Line 6 asks what the balance of your pre-tax IRAs is as of 12/31. That's all the IRS cares about. Do the backdoor this week, and make sure your ba...
by crit
Fri Nov 17, 2017 10:58 am
Forum: Investing - Help with Personal Investments
Topic: Which Target Date Fund?
Replies: 13
Views: 1196

Re: Which Target Date Fund?

They are really quite similar funds overall; but for your case, the transaction fee means Fidelity wins hands-down.
by crit
Fri Nov 17, 2017 10:50 am
Forum: Investing - Help with Personal Investments
Topic: Is it safe (to backdoor Roth) yet?
Replies: 2
Views: 396

Is it safe (to backdoor Roth) yet?

Half of the reason for this post is to share the shudder of satisfaction of simplifying: Now that his company changed 401k providers and we thus have the chance, I have finally finally gotten my spouse's rollover IRA into his 401k ..... almost. The transfer is from VG to Fidelity. The VG balance sho...
by crit
Mon Oct 23, 2017 9:50 am
Forum: Personal Finance (Not Investing)
Topic: mechanics of tIRA -> 401k
Replies: 7
Views: 521

Re: mechanics of tIRA -> 401k

I wanted to update my findings so that these details are searchable by someone else looking. There are several options for getting an IRA distribution check from Vanguard. Online, you will find a "Do it Online!" button. Following this option, they can distribute it to another fund/account within Van...
by crit
Wed Oct 18, 2017 6:13 pm
Forum: Investing - Help with Personal Investments
Topic: Tax loss harvesting in shared brokerage account?
Replies: 6
Views: 613

Re: Tax loss harvesting in shared brokerage account?

I believe this falls under the same umbrella by way of 'married filling jointly'. Vanguard doesn't care - they just issue the 1099b forms - but the IRS cares. As long as you're filing together, the losses will cancel the gains.

But make sure you've got the mechanics of avoiding wash sales straight.
by crit
Fri Oct 13, 2017 5:26 pm
Forum: Personal Finance (Not Investing)
Topic: mechanics of tIRA -> 401k
Replies: 7
Views: 521

Re: mechanics of tIRA -> 401k

Thanks very much, Alan!
by crit
Fri Oct 13, 2017 4:17 pm
Forum: Personal Finance (Not Investing)
Topic: mechanics of tIRA -> 401k
Replies: 7
Views: 521

Re: mechanics of tIRA -> 401k

bump -- can anyone answer question #1, about tax reporting of tIRA to 401k rollovers?
by crit
Thu Oct 12, 2017 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: Boston area Relocation...major decision points
Replies: 34
Views: 3276

Re: Boston area Relocation...major decision points

The advice above about the 93/95 interchange is the standout. I would strongly advise you to live on or within whichever quadrant of that interchange your work is on, so that you don't have to cross it or even drive past it to get to work.
by crit
Thu Oct 12, 2017 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: Problem with back door roth ira on taxact
Replies: 24
Views: 1628

Re: Problem with back door roth ira on taxact

I had problems initially with TurboTax too. When I erased the previous forms and started over by reporting the contribution first, and then the 1099 conversion later, it filled in the 8606 correctly. But it was key to have worked through the 8606 on paper first, to see what TT did wrong. I knew I wa...
by crit
Thu Oct 12, 2017 7:14 pm
Forum: Investing - Help with Personal Investments
Topic: Roth conversion questions
Replies: 7
Views: 641

Re: Roth conversion questions

Nope - the I in IRA is for Individual. It will be two sets of forms.
by crit
Thu Oct 12, 2017 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: mechanics of tIRA -> 401k
Replies: 7
Views: 521

Re: mechanics of tIRA -> 401k

The whole balance is pre-tax: the contribution was deducted from taxes that year, making it pre-tax. The rollover is also pre-tax.
by crit
Thu Oct 12, 2017 6:38 pm
Forum: Investing - Help with Personal Investments
Topic: Roth conversion questions
Replies: 7
Views: 641

Re: Roth conversion questions

The important date is Dec. 31, that your tIRA balance is zero on that date. Take a stab at the 8606 forms in pencil yourself - they are the best way to see how it works. Yours should be a straight backdoor - you only convert your recent contribution, not the $30k. Your wife's will be a bit different...
by crit
Thu Oct 12, 2017 6:24 pm
Forum: Personal Finance (Not Investing)
Topic: mechanics of tIRA -> 401k
Replies: 7
Views: 521

mechanics of tIRA -> 401k

My spouse has a tIRA at vanguard that is 90% rollover and 10% deductible contribution. His company just switched to Fidelity as 401k provider, and they will accept a rolled-in contribution (thus opening the backdoor Roth for him). I have two questions about the mechanics: 1. How does the tax reporti...
by crit
Tue Oct 10, 2017 11:58 am
Forum: Personal Consumer Issues
Topic: 2017 Honda Accord Hybrid EX-L???
Replies: 15
Views: 1266

Re: 2017 Honda Accord Hybrid EX-L???

Not a screaming deal, no. I would not bite. Two things about the 2017 hybrid accord: the back seat does not fold down due to the placement of the battery (this was a dealkiller for me), and the controls are ALL touchscreen. Even the volume "knob" is virtual. I did not like that very much, and I read...
by crit
Sat Sep 30, 2017 1:25 pm
Forum: Investing - Help with Personal Investments
Topic: 3 fund portfolio review - married, mid to late 40's
Replies: 3
Views: 1148

Re: 3 fund portfolio review - married, mid to late 40's

Why do you have total bond in your taxable, but hold total stock market in her IRA? Unless the gains on the bond funds are prohibitive, you could almost evenly swap those positions.
by crit
Sat Sep 30, 2017 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: How much liquid Cash to Keep in Savings
Replies: 35
Views: 5887

Re: How much liquid Cash to Keep in Savings

We're pretty similar to you. I have an academic job which is, all things told, pretty stable. Spouse works for a startup, so less stable. No kids. Only a mortgage, well within one income. Assets are roughly split between tax-advantaged and taxable. I try to keep us at $10-20k in checking, and make p...
by crit
Fri Sep 08, 2017 1:31 pm
Forum: Personal Consumer Issues
Topic: Contemplating an Electric Car
Replies: 147
Views: 10524

Re: Contemplating an Electric Car

To keep this actionable, my question is, should I replace my Prius for "fun" with an updated BEV or PHEV? When and what type. Should I replace my wife's 17year old luxury SUV and if so, when and what type. Requirements: We do 3-4 long 6-12hr roadtrips each year for the in laws and safety is vital. ...
by crit
Wed Sep 06, 2017 12:47 pm
Forum: Personal Consumer Issues
Topic: Have rental application, which service to use to run background check
Replies: 16
Views: 1594

Re: Have rental application, which service to use to run background check

Once upon a time, I used nail-usa.com and they were fine. You'll need to establish yourself as a user with them first.