Search found 198 matches

by fabdog
Sun Dec 10, 2017 8:45 pm
Forum: Investing - Help with Personal Investments
Topic: transferring from vanguard IRA to my company 401k
Replies: 4
Views: 319

Re: transferring from vanguard IRA to my company 401k

I'd start with Paychex if they are administering the plan, and ask them. When I did a similar deal from IRA to my megacorp 401, called Fidelity and they sent me a "kit" with the forms I needed, and how to have the check made out from the IRA. Then initiated the distribution from the IRA, when the ch...
by fabdog
Fri Dec 08, 2017 1:38 pm
Forum: Personal Consumer Issues
Topic: Sweet Gum Balls
Replies: 36
Views: 2403

Re: Sweet Gum Balls

I use this to try and tame the onslaught

https://www.amazon.com/dp/B0096XZWNM?ta ... p_ask_sav0

faster than raking and relatively cheap

Mike
by fabdog
Fri Dec 08, 2017 1:21 pm
Forum: Investing - Help with Personal Investments
Topic: I don't know how it happened! [starting new business soon, how to avoid 1% AUM cost]
Replies: 14
Views: 1206

Re: I don't know how it happened! [retiring soon, how to avoid 1% AUM cost]

Certainly making sure you don't overpay for invest service is important... but there is a bunch more here to consider What's your plan for living expenses? You have ~ $1 million saved (good) but how does that align to your expenses? If you want to spend $50/60K year, you are not ready to retire. If ...
by fabdog
Thu Dec 07, 2017 8:11 pm
Forum: Personal Finance (Not Investing)
Topic: Quit jobs to gain lower EFC [Expected Family Contribution]
Replies: 89
Views: 5639

Re: Quit jobs to gain lower EFC

EFC does not equal what you will pay in tuition... our first FAFSA was filed the same year I retired and had a bunch of deferred income roll in... my EFC was high six figures... full tuition and room and board at a state school was $22K At your age I think you'll regret trading dollars for quarters ...
by fabdog
Mon Dec 04, 2017 4:59 pm
Forum: Personal Consumer Issues
Topic: Why is an EIN needed for i401k?
Replies: 4
Views: 310

Re: Why is an EIN needed for i401k?

My guess would be since a Solo 401K is a qualified retirement plan, it has to be "sponsored" by an entity, hence the need for an EIN for your business. As the other posters noted, I have my self employment 1099's coming to my SSN, and got an EIN in just a couple of minutes on the IRS website to set ...
by fabdog
Tue Nov 28, 2017 8:44 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity Net Benefits: Specifying catch-up contributions
Replies: 8
Views: 413

Re: Fidelity Net Benefits: Specifying catch-up contributions

as mentioned above, employer/plan specific. My plan (also using Fidelity) there are no catch up contributions till you've hit the $18.5K regular contribution limit. You do have to specify the withholding amounts in % for both types... but if you put in your standard contribution to "fill up" your $1...
by fabdog
Fri Nov 17, 2017 8:45 am
Forum: Personal Finance (Not Investing)
Topic: 401K & self employment retirement vehicles?
Replies: 4
Views: 277

Re: 401K & self employment retirement vehicles?

There would be no need to reduce her employee contributions in her employer 401(k) contribution. If it's a low cost plan, has good options, and good match, go for the max. As retiredjg pointed out, she can shelter some of the earnings from her side gig as employer contributions (she's the employer) ...
by fabdog
Tue Nov 14, 2017 2:48 pm
Forum: Personal Consumer Issues
Topic: Home voice dictation experience
Replies: 8
Views: 709

Re: Home voice dictation experience

Have used Dragon in the past. Goal was to reduce keyboard workload to reduce injuries. It works well once you get used to it. You need a decent microphone and a relatively quiet area... and then some practice... it will be a bit frustrating out of the box but after a few days using it you should be ...
by fabdog
Tue Nov 07, 2017 5:16 pm
Forum: Personal Finance (Not Investing)
Topic: 529 plan questions
Replies: 20
Views: 1719

Re: 529 plan questions

The 529 plan should be able to show you gains vs contributions. When the money comes out of the plan they will show gains and basis as making up the total withdrawal If you don't want/need the money... you can make the 529 beneficiary one of you, or hold it in your daughters name and if she has a ch...
by fabdog
Wed Nov 01, 2017 7:30 pm
Forum: Investing - Help with Personal Investments
Topic: Combining 401k
Replies: 21
Views: 1187

Re: Combining 401k

If your previous 401(k) has poor/expensive fund choices, and your current 401(k) has good choices, and your new plan allows transfers in, then it would make sense to combine them. The growth would only be more with them combined if you had better options in the new plan. If both plans earn the same ...
by fabdog
Sun Oct 29, 2017 7:03 pm
Forum: Investing - Help with Personal Investments
Topic: AA By Account or Total Portfolio? (HSA advice)
Replies: 9
Views: 704

Re: AA By Account or Total Portfolio?

I do mine by total portfolio. There are a number of good articles about asset placement (items that throw off lots of income in tax advantaged, etc) but it also allows you to take advantage of what things are available to you in different accounts. Trying to do the allocation by account can be prett...
by fabdog
Sun Oct 29, 2017 3:13 pm
Forum: Personal Consumer Issues
Topic: What's a VPN and Do I Need One
Replies: 6
Views: 931

Re: What's a VPN and Do I Need One

I use a VPN when accessing my finances away from home on my tablet or PC. As you noted an extra amount of security. If you don't travel a lot or access your finances away from home, not sure I'd get one

Mike
by fabdog
Sun Oct 29, 2017 3:06 pm
Forum: Investing - Help with Personal Investments
Topic: Solo 401k Question - Low Self Employment Income
Replies: 7
Views: 609

Re: Solo 401k Question - Low Self Employment Income

to answer a few more of your questions On the contributions, amount seems about right. At low earnings, you can put in everything except half the self employment tax I used Schwab for mine, the setup was easy, and since I had about the same annual amount as your wife coming in irregular intervals, t...
by fabdog
Fri Oct 27, 2017 2:59 pm
Forum: Investing - Help with Personal Investments
Topic: [Messed up?] - Roth IRA contribution over limit
Replies: 7
Views: 577

Re: Screwed up? - Roth IRA contribution over limit

if your plan is to move that small IRA balance to the TSP, I would go ahead and do that and get it off the table. It won't affect any Roth conversion activity if you aren't planning any for this year, but will give you one less account to worry about For purposes of the backdoor move to a Roth, the ...
by fabdog
Fri Oct 27, 2017 1:59 pm
Forum: Investing - Help with Personal Investments
Topic: [Messed up?] - Roth IRA contribution over limit
Replies: 7
Views: 577

Re: Screwed up? - Roth IRA contribution over limit

If you find that you have too much income to make the Roth contribution, you can "re characterize" it into a non deductible IRA. You could then at some point do a backdoor Roth conversion to get it back into the Roth. Sounds like you have a lot of moving pieces and you won't know your final answer t...
by fabdog
Mon Oct 09, 2017 11:06 am
Forum: Investing - Help with Personal Investments
Topic: Calculating Other Income on W2 for RSU's
Replies: 6
Views: 328

Re: Calculating Other Income on W2 for RSU's

on the ESPP, if you sell within two years from offering, or one year from purchase, the company has to include the "discount" you received on the purchase as income. You then calculate your capital gain or loss on the shares using your proceeds less the total of what you paid plus the discount inclu...
by fabdog
Mon Oct 09, 2017 10:18 am
Forum: Investing - Help with Personal Investments
Topic: Calculating Other Income on W2 for RSU's
Replies: 6
Views: 328

Re: Calculating Other Income on W2 for RSU's

For the "missing" $1500... some possibilities. If your employer offers an ESPP, with shares bought for a discount and also allows sales during same year, those "disqualifying dispositions" get reported on your W2 (sales price minus what you paid in the ESPP Also any small bonuses you may have gotten...
by fabdog
Tue Oct 03, 2017 5:23 pm
Forum: Personal Consumer Issues
Topic: Visiting Paris - should we buy tickets in advance?
Replies: 37
Views: 1810

Re: Visiting Paris - should we buy tickets in advance?

at least at the Louvre, if you buy ahead online you can go to a separate entrance which was not at all crowded. Not sure how the crowds will be.

info on passes

https://community.ricksteves.com/travel ... paris-pass

Mike
by fabdog
Thu Sep 28, 2017 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: Accidentally Underpaid Income Taxes – Please Advise
Replies: 8
Views: 857

Re: Accidentally Underpaid Income Taxes – Please Advise

Understand. So you had some amount of withholding/estimated payments you made for 2016. When you filed your extension in April it sounds like you may have made an additional payment to top up what you had already "sent in". Concern now is that was not enough and after fully entering everything you o...
by fabdog
Thu Sep 28, 2017 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: Accidentally Underpaid Income Taxes – Please Advise
Replies: 8
Views: 857

Re: Accidentally Underpaid Income Taxes – Please Advise

as noted, let your tax software or accountant do the work... you may not owe a penalty, if you meet one of the safe harbors... since you had a "spike" in income for that year which was unexpected, you may well be covered by the safe harbor having as much tax with held as you owed previous year (or s...
by fabdog
Thu Sep 28, 2017 2:33 pm
Forum: Personal Consumer Issues
Topic: My first promotion without a pay increase
Replies: 47
Views: 5226

Re: My first promotion without a pay increase

based on what you wrote, it sounds like you are very highly paid vs how they have you placed in their compensation structure... you were "topped out" in your position before the promo (based on boss comment you had reached the top of the pay range). If you hadn't been a good/great performer the rais...
by fabdog
Thu Sep 28, 2017 12:31 pm
Forum: Personal Consumer Issues
Topic: Tax Preparer wanted
Replies: 5
Views: 670

Re: Tax Preparer wanted

Have you asked your current accountant why they cost so much if your returns have gotten simpler (assuming you've been happy with their previous work) Everyone has a different definition of simple if you could post what forms you think you'd file in your simplified state folks could give ranges One ...
by fabdog
Sat Sep 23, 2017 2:02 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Efficiency of Hard Money Lending
Replies: 6
Views: 590

Re: Tax Efficiency of Hard Money Lending

one clarification.. Peer street reports on a 1099, not a K1. So not great treatment tax wise but at least simple

Mike
by fabdog
Tue Sep 19, 2017 2:51 pm
Forum: Investing - Theory, News & General
Topic: K-1s and UBTI
Replies: 3
Views: 347

Re: K-1s and UBTI

your method for ballparking the UBTI is reasonable... just remember there can be big swings... so if you've looked at several years that should give you an idea of the margin And yes, if you have multiple holdings, all of which are under $1K UBTI, and your overall in the IRA you have over $1K, you'l...
by fabdog
Tue Sep 19, 2017 7:25 am
Forum: Personal Consumer Issues
Topic: Another cut the cable thread
Replies: 14
Views: 1447

Re: Another cut the cable thread

You may want to look at the OTA services and see if they meet your needs. We don't have a DVR and don't worry about recording programs as CBS and Hulu apps have the recent episodes available so we can watch them on our schedule.

Mike
by fabdog
Thu Sep 07, 2017 10:13 am
Forum: Personal Finance (Not Investing)
Topic: Married, owning two homes, file as HOH?
Replies: 43
Views: 2426

Re: Married, owning two homes, file as HOH?

You likely owe more taxes because your incomes are substantially higher and you are pushing into the higher tax brackets. More than likely you will be paying a lot of tax being in medicine and having big salaries. The way of the world. Good luck! I guess what doesnt seem fair is if we were not marr...
by fabdog
Thu Sep 07, 2017 10:09 am
Forum: Personal Finance (Not Investing)
Topic: Married, owning two homes, file as HOH?
Replies: 43
Views: 2426

Re: Married, owning two homes, file as HOH?

I see... I guess we were thinking that yes, we are screwed for this year but going forward, how do we save ourselves the taxes (other than getting a divorce). We are both high income earners but have pretty straightforward taxes other than the rental income. Currently maxing out our retirement acco...
by fabdog
Wed Aug 23, 2017 11:09 am
Forum: Investing - Theory, News & General
Topic: Can i open multiple treasury direct accounts
Replies: 4
Views: 528

Re: Can i open multiple treasury direct accounts

I'm not understanding how 2 or more TD accounts would help, are you saying bucketing them ($5K to save for a car, $5K for a house)? Wouldn't it just be easier to keep that on a spreadsheet especially if goals change? On the topic, one account per registration. I have two under my SSN, one is an indi...
by fabdog
Thu Jul 20, 2017 1:32 pm
Forum: Personal Consumer Issues
Topic: Investing well for Retirement can be frustrating
Replies: 52
Views: 4139

Re: Investing well for Retirement can be frustrating

I know where you're coming from.

Your moment in the sun comes when you announce you're retiring at a relatively young age, and going to travel, volunteer, maybe some part time work. Your co workers with the nice houses and cars will be left speechless... unless asking how you pulled it off

Mike
by fabdog
Tue Jun 27, 2017 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: 529 Superfund Question
Replies: 7
Views: 719

Re: 529 Superfund Question

South Carolina apparently allows full deduction in the year of contribution, as long as there is enough income to offset it, up to the plan maximum (for Futurescholar $400K) from the State DOR website (and confirmed with other sources). It's an above the line deduction, and you have till April 15th ...
by fabdog
Sat Jun 17, 2017 3:47 pm
Forum: Personal Consumer Issues
Topic: DS in Auto Accident, Insurance Increase, Plan-of-Action
Replies: 13
Views: 1062

Re: DS in Auto Accident, Insurance Increase, Plan-of-Action

mcraepat9, Son is transferring college to new university and could chose to store his car from fall-to-spring. We could choose to store his car over this duration and save the insurance money. Alternatives might be to get his insurance separately from the family and stay on with the same company. S...
by fabdog
Wed Jun 14, 2017 7:00 pm
Forum: Personal Consumer Issues
Topic: Hulu and sling question when visiting parents
Replies: 2
Views: 421

Re: Hulu and sling question when visiting parents

Should be fine as long as you're in the US. Not likely to work on overseas IP's And of course, if anyone "back home" is using them at the same time time you'll have an issue depending on your subscription type. the basic Sling package I know is one stream only... so if someone else logged in using y...
by fabdog
Sat Jun 10, 2017 12:10 pm
Forum: Investing - Help with Personal Investments
Topic: How to utilize employer's NQDC plan
Replies: 4
Views: 529

Re: How to utilize employer's NQDC plan

I wouldn't think short term deferrals over a 3 to 5 year horizon would be helpful for you. In your late 30's hopefully your income will be going up from here so you'll defer now and then have that money arriving in a few years when hopefully your earnings are higher (and maybe also your tax bracket)...
by fabdog
Fri Jun 09, 2017 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Handshake Deal for Home Purchase
Replies: 13
Views: 2308

Re: Handshake Deal for Home Purchase

A purchase contract, which states what you're paying, and the transfer date, so then you have the sale documented. Depending on where you live, the local title company can handle the transaction for you, or at least head you in the right direction You can likely look up standard purchase contracts o...
by fabdog
Thu Jun 08, 2017 1:30 pm
Forum: Investing - Help with Personal Investments
Topic: In Kind Transfer of Schwab Intelligent Portfolio
Replies: 5
Views: 494

Re: In Kind Transfer of Schwab Intelligent Portfolio

up to you to decide whether you can take the ~$4k in short term capital gains, or wait for a full year since purchase year and make them long term. By transferring the Schwab ETF's in kind to Vanguard, you've now set yourself up for a trading commission on each of them when you use Vanguard to sell ...
by fabdog
Tue May 30, 2017 10:34 am
Forum: Investing - Help with Personal Investments
Topic: selling inherited stock
Replies: 5
Views: 507

Re: selling inherited stock

Fifo or average won't matter if you are selling the complete position (original shares plus all reinvested shares), it's all the same. Would make a difference for example if you sold half (older shares presumably cost less so FIFO would be a lower cost basis than average, for example) When you look ...
by fabdog
Thu May 25, 2017 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: Debit card and 529
Replies: 4
Views: 706

Re: Debit card and 529

yep, that's my process. Save all receipts in a file for tax time. The 1098T you will get from the Tuition and most of the fees reflected, but not room and board. Then books, supplies (including computer) you buy you need to keep records as those can all be supported with 529 funds. then on your 1099...
by fabdog
Thu May 25, 2017 9:58 am
Forum: Personal Consumer Issues
Topic: Debit card use
Replies: 5
Views: 865

Re: Debit card use

no issues. There is no link between purchase method and the 529 funds (debit card) As long as your daughter can show she spent the money from an account she controls (which she will). Her withdrawal from the 529 will generate a 1099-Q next January, which she'll need to report on taxes. She'll then n...
by fabdog
Wed May 24, 2017 7:41 pm
Forum: Investing - Help with Personal Investments
Topic: Trading UVXY in a self employed 401k - How to handle K-1
Replies: 7
Views: 575

Re: Trading UVXY in a self employed 401k - How to handle K-1

The type of income that generally could subject a 401(k) or Solo 401K to UBIT or UBTI is income generated from the following sources: Income from the operations of an active trade or business through a passsthrough entity (i.e. LLC or partnership). For example, a store, restaurant, manufacturing bus...
by fabdog
Wed May 24, 2017 2:57 pm
Forum: Investing - Help with Personal Investments
Topic: Trading UVXY in a self employed 401k - How to handle K-1
Replies: 7
Views: 575

Re: Trading UVXY in a self employed 401k - How to handle K-1

does your K1 show more than $1000 in UBTI (Unrelated Business Income)? This usually shows up as box 20(V) on the K1. IRA's are not allowed to have more than $1K of UBTI If not, it should be business income, dividends, interest, etc. Turbo Tax lets you report the K1 as belonging to a retirement plan ...
by fabdog
Tue May 23, 2017 5:38 pm
Forum: Personal Consumer Issues
Topic: Help choose company service gift [choice made!]
Replies: 32
Views: 2883

Re: Help choose company service gift

if you're looking at using the tablet to read books (and magazines) from the library, it is very nice. I was initially skeptical but now consume almost all my reading on the tablet. No thoughts on ipad vs Galaxy, both should be fine If you use the Ipod nano every day and it's not in great shape, may...
by fabdog
Mon May 22, 2017 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Replacing lost EE bonds
Replies: 4
Views: 637

Re: Replacing lost EE bonds

Great blog post here on the experience... one place you may hit an obstacle almost immediately is needing the serial numbers

https://thefinancebuff.com/replace-lost ... ience.html

Mike
by fabdog
Thu May 18, 2017 5:10 pm
Forum: Investing - Help with Personal Investments
Topic: Is it better to stay at 19 or 24 paychecks per year?
Replies: 18
Views: 1999

Re: Is it better to stay at 19 or 24 paychecks per year?

guessing an educator... option to get paid twice a month year round... or just during the school year
by fabdog
Wed May 17, 2017 11:40 am
Forum: Personal Consumer Issues
Topic: Keep paying for AC refrigerant when tech cannot find a leak
Replies: 20
Views: 2066

Re: Keep paying for AC refrigerant when tech cannot find a leak

Ask if they can recharge it with the special ultraviolet stuff in it... so then the leak will be visible after some time... even if very small. My auto mechanic used this method to find and fix a very small leak in our cars air conditioning. Assume HVAC techs could get acess to the same stuff

Mike
by fabdog
Mon May 15, 2017 5:26 pm
Forum: Investing - Theory, News & General
Topic: Do stocks always go up long term?
Replies: 56
Views: 5707

Re: Do stocks always go up long term?

A lot of the gain comes from a small percentage of the stocks. Most of us aren't able to predict in advance which ones of those they will be, hence get the index and take the overall performance. Usually when companies are in trouble they end up out of the S&P long before they are delisted, so the i...
by fabdog
Mon May 15, 2017 3:39 pm
Forum: Investing - Theory, News & General
Topic: Scolded by my adviser at F******* ! [Fidelity]
Replies: 23
Views: 4310

Re: Scolded by my adviser at F******* !

not sure this is a reflection on the participation trophy generation as much as on companies who get lulled into thinking they can have surveys that cover a wide waterfront, and tie that to employees. As you noted, your responses were to questions that the advisor has little to no impact on (the web...
by fabdog
Mon May 15, 2017 11:30 am
Forum: Personal Finance (Not Investing)
Topic: Selling etfs (what to expect)...
Replies: 6
Views: 490

Re: Selling etfs (what to expect)...

The trades will take 3 days to settle, so on the day you sell, don't expect to be able to withdraw. You will owe taxes (at your marginal rate) on any gains since you haven't held for a year To minimize that hit, you can change your cost method to specific shares BEFORE you sell, and pick the shares ...
by fabdog
Sun May 14, 2017 9:29 am
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth screw up?
Replies: 7
Views: 1035

Re: Backdoor Roth screw up?

You can still complete your original plan. Just have Vanguard do the rest after the funds settle. You'll get one 1099R reflecting the conversion. You'll have a slight taxable amount on the $8.65 (or whatever gain you have in the funds before the transfer) that will go on your 2017 return To avoid th...
by fabdog
Sat May 13, 2017 1:51 pm
Forum: Investing - Help with Personal Investments
Topic: How to tell what is your effective vanguard benefits level/tier? (solved)
Replies: 8
Views: 1002

Re: How to tell what is current vanguard benefits level/tier?

I currently have a brokerage account (previously had mutual fund and brokerage and consolidated) I also have 3 529 accounts on the landing page. the Flagship status does not show on the 529 statements I log in thru the personal site I don't remember where I used to see status, but as Aristotelain no...
by fabdog
Sat May 13, 2017 1:46 pm
Forum: Personal Consumer Issues
Topic: 2006 Chevy Trail Blazer - Unidentifiable Noise
Replies: 2
Views: 346

Re: 2006 Chevy Trail Blazer - Unidentifiable Noise

Have no experience with Trailblazers... but have had a similar issue on my Volvo. Combo of needing alignment and tire positions... loud noise which acted as you described, started out at ~ 30 mph and got louder as speed went up. Getting both front and rear alignment done, and rotating the tires ever...