Search found 52 matches

by diy60
Fri May 19, 2017 9:09 pm
Forum: Investing - Theory, News & General
Topic: Understanding a Post Tax 401k
Replies: 15
Views: 1124

Re: Understanding a Post Tax 401k

OP, as a previous poster mentioned, you are fortunate to have a 401K plan that allows after tax contributions. You should check if you can do IRR (in service Roth conversion), and how often. My employer's 401K plan allowed 2 in service conversions per year. Unfortunately I didn't learn about this pr...
by diy60
Mon May 08, 2017 7:41 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to obtain older ROTH contribution #'s
Replies: 10
Views: 1137

Re: Best way to obtain older ROTH contribution #'s

OP - I would try for the transcripts, you might have some luck. A few years ago I threw out everything but the actual tax returns for most of my tax files dating back to 1975. Unfortunately a few of the late 1980's years I had made non-deductible tIRA contributions but didn't file 8606 forms. These ...
by diy60
Sat May 06, 2017 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: 401K subaccount to tIRA, and then back again to 401K
Replies: 5
Views: 251

Re: 401K subaccount to tIRA, and then back again to 401K

However, once you have all your pre tax IRA money rolled into your 401k and have converted the IRA basis, be sure not to retire and roll your entire 401k back to an IRA until 2018. If you roll pre tax dollars back to your IRA in 2017 your 10k conversion will be mostly taxable. This is the part I go...
by diy60
Sat May 06, 2017 11:45 am
Forum: Personal Finance (Not Investing)
Topic: 401K subaccount to tIRA, and then back again to 401K
Replies: 5
Views: 251

Re: 401K subaccount to tIRA, and then back again to 401K

The one per calendar year applies only to 60 day rollovers, not to trustee to trustee transfers. With a 60 day rollover, you get a check made out to you which you can cash or deposit in your bank account. Did that happen? It was a trustee to trustee check made out to my custodian FBO me IRA. I thin...
by diy60
Sat May 06, 2017 8:51 am
Forum: Personal Finance (Not Investing)
Topic: 401K subaccount to tIRA, and then back again to 401K
Replies: 5
Views: 251

401K subaccount to tIRA, and then back again to 401K

I'm currently in service, and I have a 401K with an isolated sub account with after tax and associated pretax earnings. After I retire next month the plan treats any withdrawals as distributions and any such distributions will consist of a prorated portion of total pretax and total after tax. Roth 4...
by diy60
Fri May 05, 2017 8:47 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 377
Views: 46744

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

After registering my accounts at Fidelity and starting the transfers I realized I forgot an account. I called Fidelity within a few days and they negated the registration for me, sent me a new link, and I was able to re-register all of the accounts for the bonus.
+1, It never hurts to ask.
by diy60
Fri May 05, 2017 8:04 pm
Forum: Personal Finance (Not Investing)
Topic: When you didn't have 401(k)/403(b), did you have IRA?
Replies: 31
Views: 990

Re: When you didn't have 401(k)/403(b), did you have IRA?

I opened my first tIRA in 1983, contributed for about 3 years until my contributions were no longer tax deductible. About the same time my employer started a tax deferral plan with company match. I never contributed to the IRA again. It was shear brute force just to be able to contribute to the 401K...
by diy60
Mon May 01, 2017 10:24 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth conversion of IRA that contains only appreciated post tax assets?
Replies: 10
Views: 466

Re: Backdoor Roth conversion of IRA that contains only appreciated post tax assets?

1. Verify that your employer plan a) will accept an inbound rollover from IRA and b) low fees. 2. Convert to Roth IRA an amount equal to your IRA basis. 3. Rollover all remaining assets in your TIRA, Rollover IRA, SEP-IRA, SIMPLE-IRA accounts into your employer plan before DEC 31. Form 8606 for tax...
by diy60
Mon May 01, 2017 6:19 pm
Forum: Investing - Help with Personal Investments
Topic: Mega Backdoor Roth IRA - In service Withdrawal
Replies: 26
Views: 2024

Re: Mega Backdoor Roth IRA - In service Withdrawal

Ok..I suspect that I have similar situation, i.e. customer service reps do not see any such time limitations, but when I actually try to do that (or call them to do it) the computer system does not allow it to go through. Still, sounds worthwhile to do it even with the waiting period. Additionally,...
by diy60
Mon May 01, 2017 4:11 pm
Forum: Investing - Help with Personal Investments
Topic: Mega Backdoor Roth IRA - In service Withdrawal
Replies: 26
Views: 2024

Re: Mega Backdoor Roth IRA - In service Withdrawal

In some version of the SPD the text says "After-tax contributions that were subject to a Company Matching Contribution are not eligible for this type of In-Service withdrawal until those contributions have remained in the Plan at least 24 months." I don't have the wording handy at the mom...
by diy60
Mon May 01, 2017 3:47 pm
Forum: Investing - Help with Personal Investments
Topic: Mega Backdoor Roth IRA - In service Withdrawal
Replies: 26
Views: 2024

Re: Mega Backdoor Roth IRA - In service Withdrawal

Only potential issue is that some documents seem to imply that there is 24 month waiting period for after-tax rollovers My MegaCorp plan has a 2 year "seasoning" period for each after tax contribution before those funds are eligible for in-service distribution. Each after tax contribution...
by diy60
Sun Apr 30, 2017 10:06 pm
Forum: Personal Consumer Issues
Topic: Senior Lifetime National Parks Pass Fee Going Up
Replies: 51
Views: 6890

Re: Senior Lifetime National Parks Pass Fee Going Up

I would also like to say thanks for the heads up on this. I used the lookup list provided in the link to find the nearest NP to my residence which sold passes. I didn't know there was a NP within 90 minute drive of my home !! I always thought this particular park was a state park. Anyway, I made a s...
by diy60
Sun Apr 30, 2017 9:52 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 377
Views: 46744

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

I just completed a transfer bonus into Fidelity with no issues. I initiated the transfers online, including electronic signatures for the transfer of assets authorization forms. My transfers occurred over multiple events because I had a few odd ball funds that had to be liquidated, which took a coup...
by diy60
Tue Apr 25, 2017 8:50 pm
Forum: Personal Consumer Issues
Topic: $300+ to remove a racoon. Really?
Replies: 83
Views: 4755

Re: $300+ to remove a racoon. Really?

Reinforcing a few responses, at least where I live, it is illegal to transport and release a trapped wild animal. Probably has to do with disease control. Also raccoons are particularly fierce when cornered or trapped. I've trapped a few unwanted animals, it's not a pleasant task. Paying someone to ...
by diy60
Mon Apr 17, 2017 11:56 am
Forum: Investing - Help with Personal Investments
Topic: [Rolling over IRA to 401(k), non-deductible contributions]
Replies: 13
Views: 847

Re: [Rolling over IRA to 401(k), non-deductible contributions]

Alan S., not to hijack the OPs thread, but if I am reading the above replies correctly, are you saying a person could rollover their tIRA into their 401K, leaving behind their basis in the tIRA? As an example, assume 3 tIRAs with a total of $100K ($90K pretax, $10K basis). Roll the $90K into the 401...
by diy60
Tue Apr 11, 2017 8:48 pm
Forum: Personal Finance (Not Investing)
Topic: Retiring - "not subject to tax" 401K funds
Replies: 33
Views: 3768

Re: Retiring - "not subject to tax" 401K funds

It's unclear why a person would care if the earnings in the after-tax account end up with the other pre-tax money. I can't figure out why that would matter. Admittedly my knowledge in this area is sketchy at best. But it is my understanding that as long as the pre-tax earning associated with the af...
by diy60
Tue Apr 11, 2017 11:17 am
Forum: Personal Finance (Not Investing)
Topic: Retiring - "not subject to tax" 401K funds
Replies: 33
Views: 3768

Re: Retiring - "not subject to tax" 401K funds

I know that things have changed over the last decade since my retirement, but at the time I just had FIDO (my former company's 401(k) provider) split out my non-taxable contributions and just send the proceeds to my taxable FIDO MM account which was part of my 4 years expenses (at the time) cash bu...
by diy60
Mon Apr 10, 2017 7:47 pm
Forum: Personal Finance (Not Investing)
Topic: Retiring - "not subject to tax" 401K funds
Replies: 33
Views: 3768

Re: Retiring - "not subject to tax" 401K funds

I am not a benefits person, but something seems wrong about your understanding. The after tax sub-account is important to me because after separation from service (retiring) the plan no longer "isolates" the after tax earnings associated with the after tax account. You're right, I made a ...
by diy60
Mon Apr 10, 2017 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: Retiring - "not subject to tax" 401K funds
Replies: 33
Views: 3768

Re: Retiring - "not subject to tax" 401K funds

I don't see any harm in doing #1 or #2. I'm not sure how #1 is legal, but I guess they have that part figured out. #2 involves a 60 day rollover - you need to get that money to your Roth IRA within 60 days and use whatever paperwork you have to use to get the money into Roth IRA, not some other IRA...
by diy60
Mon Apr 10, 2017 11:59 am
Forum: Personal Finance (Not Investing)
Topic: Retiring - "not subject to tax" 401K funds
Replies: 33
Views: 3768

Re: Retiring - "not subject to tax" 401K funds

BUMP: OP here with a new wrinkle, looking for some input please. I am retiring in the next month, and my plan administrator indicated my options after separation diminish somewhat. They said I have the following in-service options (sub-account with $60K after tax contributions and $40K associated pr...
by diy60
Sat Apr 08, 2017 6:05 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security MFB for Couple w High/Low Earnings
Replies: 4
Views: 562

Social Security MFB for Couple w High/Low Earnings

I searched the forum but didn't find any thread specific to my question regarding SS maximum family benefit (MFB). For a couple with a low and high income earner, the common wisdom is to start the lower earner SS benefit at 66, and delay the higher SS benefit until 70, and then have the lower earner...
by diy60
Wed Mar 29, 2017 9:51 pm
Forum: Investing - Theory, News & General
Topic: What was your costliest investment mistake?
Replies: 162
Views: 23372

Re: What was your costliest investment mistake?

Liquidating my entire portfolio to all cash in early 4Q07, and then waiting almost 5 years to get back in.
by diy60
Fri Mar 24, 2017 9:54 am
Forum: Personal Finance (Not Investing)
Topic: Form 8606 - Submitting after the fact
Replies: 1
Views: 222

Form 8606 - Submitting after the fact

I made a couple of errors with my (and spouse's) tIRA by not documenting basis. I've been going thru 30+ years of tIRA records and I see that we each made non-deductable contributions in 2004 and 2009, but I never sent in the 8606 forms. I've downloaded the forms and instructions from the IRS gov we...
by diy60
Fri Mar 17, 2017 4:15 pm
Forum: Personal Consumer Issues
Topic: (Updated Again- Happy Ending) Issue With Contractor. What to do?
Replies: 56
Views: 5576

Re: (Updated)Issue With Contractor. What to do?

health teacher wrote: As of right now, I have 3 pictures of his guys working on the project, a text from him asking for my address, a few phone records and the copy of the check and the proof it was cashed. That's about it. The dollar amount might fit nicely within filing a claim with your State At...
by diy60
Sat Feb 04, 2017 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: City Income Tax during Retirement
Replies: 5
Views: 568

Re: City Income Tax during Retirement

Flobes wrote: What's the definition of "pension" in your city? OP here. Thanks for the prompt. I checked my city, regional, and state tax codes, as well as a few legal summaries. All clearly call out pensions, retirement plan distributions, IRA distributions, interest, dividends, capital ...
by diy60
Sat Feb 04, 2017 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: City Income Tax during Retirement
Replies: 5
Views: 568

City Income Tax during Retirement

Age 61, will receive a MegaCorp pension when I retire in the next month or so, and I plan to take SS at FRA 66. My city income tax filing exemption form states I will be exempt from city income tax if I meet any of the following: 1. I had NO TAXABLE INCOME for the entire year (Enclose page 1 of your...
by diy60
Fri Jan 27, 2017 8:28 am
Forum: Personal Finance (Not Investing)
Topic: LTI Options - Is my tax strategy flawed?
Replies: 4
Views: 494

Re: LTI Options - Is my tax strategy flawed?

410nick21044 wrote Do you have ISOs? Sportswhiz00 wrote OP, to be clear you need to first figure out whether you have incentive stock options (ISOs) or non-qualified stock options (NQSOs). It should say on the first page of the award notice. The options state NQO. Looks like profits will be treated...
by diy60
Thu Jan 26, 2017 7:32 pm
Forum: Personal Finance (Not Investing)
Topic: LTI Options - Is my tax strategy flawed?
Replies: 4
Views: 494

LTI Options - Is my tax strategy flawed?

I work for a MegaCorp that used to issue stock options as LTIs. They are coming due next month, and they are currently worth 2X of the option price. My employer switched to issuing RSUs for the past 8 years, each issuance vesting in thirds over a three year period. My colleagues just do the same day...
by diy60
Thu Jan 19, 2017 9:16 pm
Forum: Personal Finance (Not Investing)
Topic: If I decide to overpay on mortgage payment
Replies: 45
Views: 4784

Re: If I decide to overpay on mortgage payment

This was a fun thread for me to read. Let me offer my perspective. My first mortgage was circa 1979, 30yr fixed rate, somewhere around 13%. Lots of talk around the work coffee pot on strategies to pay down high rate loans (e.g. a popular strategy at the time was pay next month's principal as the ext...
by diy60
Tue Jan 17, 2017 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: Retiring - "not subject to tax" 401K funds
Replies: 33
Views: 3768

Re: Retiring - "not subject to tax" 401K funds

retirejg wrote: Tell us what is already in your Roth IRA. Have you ever made direct contributions to Roth IRA? Backdoor contributions to Roth IRA? When did you make your very first contribution to Roth IRA? What does 60ish mean? Are you over 59.5 yet? The split distribution that Alan mention can gr...
by diy60
Mon Jan 16, 2017 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: Retiring - "not subject to tax" 401K funds
Replies: 33
Views: 3768

Re: Retiring - "not subject to tax" 401K funds

Spirit Rider wrote: You most definitely (subject to plan rules) can rollover only Bucket #3 (designated after-tax) without touching the others two buckets. Now within the after-tax bucket, you do have to rollover both the after-tax contributions and their associated pre-tax earnings. OP here, the a...
by diy60
Sat Jan 14, 2017 5:45 pm
Forum: Investing - Help with Personal Investments
Topic: How to politely fire my financial advisor
Replies: 66
Views: 7202

Re: How to politely fire my financial advisor

I just went thru the process of exiting from an FA account. My thoughts . . . 1. be professional. 2. I sent a one sentence email to the FA indicating I was moving the funds. I expounded no further. 3. it will probably trigger a tax event in the taxable account. Some of my FA funds could not be trans...
by diy60
Sat Jan 14, 2017 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: Retiring - "not subject to tax" 401K funds
Replies: 33
Views: 3768

Re: Retiring - "not subject to tax" 401K funds

Is it possible that the "small amount of after-tax" contributions has grown to $100k? It seems so. If you are moving your money out of the 401k, send the "not subject to tax" money to Roth IRA, send all the pre-tax money to tIRA. This just moves your money to different accounts ...
by diy60
Sat Jan 14, 2017 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: Retiring - "not subject to tax" 401K funds
Replies: 33
Views: 3768

Retiring - "not subject to tax" 401K funds

I'm 60ish, retiring next month. I've been contributing both pretax and a small amount of after tax into my MegaCorp 401K plan for years. No dollars in my 401K Roth option. I have about $100,000 on my quarterly statement that is stated as "not subject to tax". I know there were likely misse...
by diy60
Thu Nov 03, 2016 10:35 pm
Forum: Investing - Help with Personal Investments
Topic: Simple HSA Question
Replies: 1
Views: 464

Simple HSA Question

Apologies in advance if this has been covered before, but I've read quite a few HSA threads and my head is about to explode over the different scenarios and interpretations. I think I have a simple question/scenario: Married couple, Spouse: 60 not working Me: 60, working, have HDHP family coverage t...
by diy60
Wed Oct 26, 2016 10:12 pm
Forum: Investing - Help with Personal Investments
Topic: Retiring - Need help simplifying
Replies: 4
Views: 730

Re: Retiring - Need help simplifying

Peter Foley wrote: Your joint account is a little cash heavy - but I favor that approach as one enters retirement. Wade Pfau also recommends being conservative early in retirement to avoid excessive fallout from a bad sequence of returns. Is there a suggestion to our cash heavy position? My spouse ...
by diy60
Wed Oct 26, 2016 8:26 pm
Forum: Investing - Help with Personal Investments
Topic: Retiring - Need help simplifying
Replies: 4
Views: 730

Retiring - Need help simplifying

I posted this thread "Financial Advisor - Spouse has no interest in finances". https://www.bogleheads.org/forum/viewtopic.php?f=2&t=201828&p=3093997#p3091992 I have not included fund details at the financial advisor account. I plan to move the funds so I kindly ask potential replie...
by diy60
Mon Oct 24, 2016 8:06 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Planner - Spouse has no interest in investments
Replies: 43
Views: 4022

Re: Financial Planner - Spouse has no interest in investments

OP here: Apologize for not responding to all, but there are some common themes . . . Prudent wrote: I have accepted that my spouse will need to work with an planner for the same reasons as the OP, and yes, it's going to cost. I cannot assume that telling her to follow my plan will be good advice giv...
by diy60
Sun Oct 23, 2016 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Planner - Spouse has no interest in investments
Replies: 43
Views: 4022

Re: Financial Planner - Spouse has no interest in investments

OP here. Spouse and I agreed to consider a fee for service approach. The financial planner is highly recommend from fellow MegaCorp collegues and I believe they do fee for service as well. Spouse and I had considerable discussion on creating simplicity. How do you make something like the following s...
by diy60
Sat Oct 22, 2016 11:14 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Planner - Spouse has no interest in investments
Replies: 43
Views: 4022

Re: Financial Planner - Spouse has no interest in investments

sport wrote: I would suggest Vanguard's Personal Advisor Service (PAS). They will charge 0.3% to manage the account and they will put you in very low cost funds. You would also not have to worry about them selling your surviving spouse any expensive investments such as variable annuities. arcticpin...
by diy60
Sat Oct 22, 2016 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Planner - Spouse has no interest in investments
Replies: 43
Views: 4022

Financial Planner - Spouse has no interest in investments

Looking for some advice from those in my situation. Married couple for 30 years, both 60, my spouse quit work a few years ago, I'm a few months away from retirement. I've managed our investments for our entire married life. My spouse has no knowledge in investments and related matters, and has no in...
by diy60
Thu Oct 06, 2016 9:40 pm
Forum: Personal Finance (Not Investing)
Topic: Rate my Retirement Medical Premiums
Replies: 1
Views: 384

Rate my Retirement Medical Premiums

When I retire (60): - Low deductible PPO. Premium = $7,000/yr, or - HSA plan w $5,000 individual /$10,000 family deductible. Premium = $4,500/yr When I reach 66: - Must sign up for Medicare, and - The above PPO and HSA plans are not available. Instead, - a supplemental indemnity plan w 80/20 coverag...
by diy60
Mon Oct 03, 2016 9:10 pm
Forum: Investing - Theory, News & General
Topic: Roth 401K and Roth combined contribution limits
Replies: 3
Views: 606

Re: Roth 401K and Roth combined contribution limits

OP,

Please get your terminology correct.


I did a poor job of proof reading. I fixed the orig post.

Replies provided by both individuals were clear, concise, and answered my question.

Thanks.
by diy60
Mon Oct 03, 2016 8:43 pm
Forum: Investing - Theory, News & General
Topic: Is 401K Partial Distribution from Pre or After Tax Allowed?
Replies: 5
Views: 527

Re: Is 401K Partial Distribution from Pre or After Tax Allowed?

Could you make some clarifications? Yes, sorry, I made a mess of my question. My 401K consists of: - pre-tax contributions and earnings, - matching employer contributions and earnings, - after tax contributions and earnings, - Roth contributions and earnings. - and some ESOP dollars The long and sh...
by diy60
Mon Oct 03, 2016 12:12 pm
Forum: Investing - Theory, News & General
Topic: Is 401K Partial Distribution from Pre or After Tax Allowed?
Replies: 5
Views: 527

Is 401K Partial Distribution from Pre or After Tax Allowed?

My question is around partial distributions from a 401K plan, relative to pre tax and after tax portions. I was informed by my employer, after I retire when making a partial distribution request I could designate the amount to come from either the pre tax portion or the after tax portion. Is this co...
by diy60
Mon Oct 03, 2016 11:45 am
Forum: Investing - Theory, News & General
Topic: Roth 401K and Roth combined contribution limits
Replies: 3
Views: 606

Roth 401K and Roth combined contribution limits

I looked at various threads and internet articles but I'm still a little confused on contribution limits specific to a Roth in a 401K plan and an Individual Roth IRA. For illustrative purposes: Married, file jointly. In highly compensated category but below the Roth phase out dollars. Therefore I un...
by diy60
Mon Sep 26, 2016 11:40 am
Forum: Investing - Theory, News & General
Topic: Convert TIRA to Existing Roth IRA
Replies: 5
Views: 714

Re: Convert TIRA to Existing Roth IRA

FiveK wrote: 1. No need to. You might want to for the reason GerryL noted. I found some articles after I posted my question that had the same advise. Answer noted, thank you. celia wrote: What do you mean by "aggregating" and "prorating" requirements? Is this in regards to havin...
by diy60
Sun Sep 25, 2016 8:26 pm
Forum: Investing - Theory, News & General
Topic: Convert TIRA to Existing Roth IRA
Replies: 5
Views: 714

Convert TIRA to Existing Roth IRA

I'm new here (just one previous post). . . . . I read the Roth Conversion Wiki but would like a high level sanity check . . . I'm retiring soon, and my income will drop significantly to approx $40K/year. I will delay SS approx 6 years. I have 2 TIRAs, of which the total pre-tax amount is $250k. I al...
by diy60
Thu Sep 08, 2016 10:24 pm
Forum: Personal Finance (Not Investing)
Topic: Archived Account Statements from 30+ Years Ago
Replies: 0
Views: 397

Archived Account Statements from 30+ Years Ago

Just sharing a recent experience. . . . I had retained all of my mutual fund statements and cancelled checks for various investments covering 1983 to current day. About 5 years ago I had a lapse of good judgement and tossed everything up to 2004. Getting ready for retirement I realized I no longer h...
by diy60
Thu Sep 08, 2016 8:41 pm
Forum: Personal Finance (Not Investing)
Topic: Should I Stay or Can I Go [Retire]
Replies: 14
Views: 3102

Re: Should I Stay or Can I Go [Retire]

El Greco wrote: I think 60k would be sufficient. When I thought about your post later on it occurred to me you might be holding so much cash because you are "bucketing" and that 250K was your cash bucket. Not a bad strategy as it allows you to draw your particular living expenses (72k) fo...

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