Search found 563 matches

by icefr
Sat Feb 25, 2017 12:40 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio questions - wife starting new job
Replies: 5
Views: 417

Re: Portfolio questions - wife starting new job

1. You have the right idea here. Max out th ESPP and sell it as soon as it is purchased. Do pay attention to whether it is sold at a gain or at a loss when you do the sales if any other shares will be bought within 30 days to avoid a wash sale. The discount will be taxed at ordinary income if you se...
by icefr
Mon Feb 20, 2017 12:42 am
Forum: Personal Finance (Not Investing)
Topic: Consolidated 1099-DIV or individual entries
Replies: 9
Views: 755

Re: Consolidated 1099-DIV or individual entries

When you file, schedule B does not ask for EIN of the payer. So, the IRS will (almost) certainly only be able to match the total with the total of the 1099-DIV's it gets. The previous advice, to do a single entry, is the way to go. My vanguard 1099-DIV form has a different payer Id for each mutual ...
by icefr
Sun Feb 19, 2017 3:54 pm
Forum: Personal Finance (Not Investing)
Topic: Is there a marriage tax penalty in this situation?
Replies: 10
Views: 990

Re: Is there a marriage tax penalty in this situation?

The only way to know if they will have a penalty or a bonus is to run the numbers both Single and Married and see which way is best. I'm doubtful they would see a tax though at those income rates.
by icefr
Sat Feb 18, 2017 10:46 pm
Forum: Personal Finance (Not Investing)
Topic: How to Split $10K Fed Tax Bill Between Husband and Wife
Replies: 38
Views: 2151

Re: How to Split $10K Fed Tax Bill Between Husband and Wife

We also keep our finances separate and we agreed the marriage tax bonus/penalty is jointly split in half. We made three returns in TurboTax: 1) Her as Single 2) Him as Single 3) Married: played around with TurboTax and determined Married Filing Jointly was better than Married Filing Separately this ...
by icefr
Wed Feb 15, 2017 10:07 am
Forum: Personal Finance (Not Investing)
Topic: TurboTax Premier Online Deal?
Replies: 18
Views: 1580

Re: TurboTax Premier Online Deal?

Everyone who's cheerleading for "saving" via the download version: how much did you actually pay? I went with the online Premier plus $20 discount via the USAA link I provided. Total: $76 for prep and e-file both federal and CA. For comparison I searched for the download version, found a ...
by icefr
Sat Feb 11, 2017 12:03 am
Forum: Personal Finance (Not Investing)
Topic: Netspend 1099's?
Replies: 15
Views: 2160

Re: Netspend 1099's?

I got two 1099-INT forms from Metabank, one for each of the Netspend prepaid cards that I had. Neither of the amounts match the amount of interest that I received according to my records. Between the two forms, they're showing I received ~$2 more interest than I actually did. The IRS says the follow...
by icefr
Sun Jan 29, 2017 9:29 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth & earned income
Replies: 2
Views: 185

Re: Backdoor Roth & earned income

Yes so long as their combined income is sufficient to make both IRA contributions. If you are under the combined income limits though you can use the front door for the Roth IRAs.
by icefr
Thu Jan 19, 2017 10:32 am
Forum: Personal Finance (Not Investing)
Topic: Paying back college loan debt
Replies: 15
Views: 1066

Re: Paying back college loan debt

Given those interest rates, I would definitely consider contributing to a Roth IRA before paying down your student loans.
by icefr
Sat Jan 14, 2017 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: Turbo Tax 2016 purchase source
Replies: 88
Views: 12183

Re: Turbo Tax 2016 purchase source

rgs92 wrote:I'm not sure why anyone would need software on a CD these days.


The CD comes with both Mac and PC installers whereas the download only comes with one. My household has both types of computers, so this is quite helpful.
by icefr
Fri Jan 06, 2017 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: Refinancing a 2.75% Mortgage Rate?
Replies: 16
Views: 3038

Re: Refinancing a 2.75% Mortgage Rate?

I wouldn't do it for the same reasons people outlined previously.
by icefr
Fri Jan 06, 2017 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: Is a prenup always necessary when remarrying?
Replies: 49
Views: 3859

Re: Is a prenup always necessary when remarrying?

I can't see him ever getting greedy or ugly. Then he should not mind signing a pre-nup, right? Do you think anyone just getting married can envision their partner getting greedy or ugly? You're right - I guess I am just trying to determine whether I need one if the state already says that my pre-ma...
by icefr
Mon Jan 02, 2017 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: Mega Backdoor from Fidelity to Vanguard
Replies: 8
Views: 965

Re: Mega Backdoor from Fidelity to Vanguard

I was in a similar situation at my last job and I elected to front load the 401(k) contributions while living off of cash savings and non-paycheck income. Then once I had made all of my after-tax 401(k) contributions for the year, I would request the check from Fidelity. It usually took less than a ...
by icefr
Mon Jan 02, 2017 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: Help evaluate new job offer with no 401k match
Replies: 14
Views: 884

Re: Help evaluate new job offer with no 401k match

That match on your current job works out to $2,640 per year. Are there any other benefits that you can compare? ESPP, employer HSA contributions, differences in health care costs? If not, have you tried negotiating for a bit more something else to compensate?
by icefr
Sat Dec 31, 2016 2:38 pm
Forum: Personal Finance (Not Investing)
Topic: Should we itemize or take the standard deduction?
Replies: 8
Views: 725

Re: Should we itemize or take the standard deduction?

I would just run it both ways in your tax software and then choose whether to itemize or take the standard deduction based on which one results in the lower combined federal tax.

I'm not sure what the expenses you listed have to do with anything.
by icefr
Sat Dec 31, 2016 1:36 pm
Forum: Personal Consumer Issues
Topic: Turbotax 2016 Fed & State Download $39.95
Replies: 5
Views: 862

Re: Turbotax 2016 Fed & State Download $39.95

I have been using Online version. Any difference with Download or Desktop version? My husband and I like the Desktop version because it comes with both PC and Mac installlers. The Download version only comes with one installer. We each have one computer type so it is helpful to have both installers...
by icefr
Fri Dec 30, 2016 8:14 pm
Forum: Investing - Help with Personal Investments
Topic: Is it worth to open a Roth IRA with my tax bracket?
Replies: 18
Views: 1560

Re: Is it worth to open a Roth IRA with my tax bracket?

I'm retired young and only have interest income, dividends and capital gains to report (for my MAGI). Therefore I cannot invest in a IRA (since I need earned income). Do the same rules apply to Roths? Or am I allowed to open one of those and contribute? The same rules apply. You need earned income ...
by icefr
Fri Dec 30, 2016 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: Mega Backdoor Roth vs Business loan
Replies: 8
Views: 587

Re: Mega Backdoor Roth vs Business loan

Your SEP-IRA interferes with your eligibility to do a Backdoor Roth IRA, but not your wife's. So assuming that your wife doesn't have any Traditional IRAs, you could be doing $5500 for 2016 and 2017 into a Backdoor Roth IRA for your wife in addition to the 27k in a Mega Backdoor Roth. How much savin...
by icefr
Fri Dec 30, 2016 7:54 pm
Forum: Personal Finance (Not Investing)
Topic: Wife is Pregnant with First Child - Due in Between Employment Contracts
Replies: 6
Views: 759

Re: Wife is Pregnant with First Child - Due in Between Employment Contracts

Thank you for your response! Yes, her plan runs from January to December. I'm just trying to get in the proper mindset to make these decisions, while having this post as a guidepost when I come back to it over the summer. 1) Her plan's paperwork says that the coinsurance is 100%, so I believe that'...
by icefr
Fri Dec 30, 2016 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: Wife is Pregnant with First Child - Due in Between Employment Contracts
Replies: 6
Views: 759

Re: Wife is Pregnant with First Child - Due in Between Employment Contracts

My husband and I had a similar situation recently and I calculated it would be cheaper to pay for COBRA for me for a few months and then switch me to his plan when my plan year ended I assume that your wife's plan year runs from January through December and that if she renewed her contract with the ...
by icefr
Mon Nov 28, 2016 12:50 am
Forum: Investing - Help with Personal Investments
Topic: HSA: Connect Your Care investment options?
Replies: 19
Views: 1765

Re: HSA: Connect Your Care investment options?

I've had Connect Your Care with two different employers now, both in the same state and with the same insurance company. With one employer the underlying bank was HSA Bank with TD Ameritrade as an investment option and the other one was UMB Bank. So it seems like it depends a lot on the employer.
by icefr
Sun Nov 27, 2016 1:33 am
Forum: Investing - Help with Personal Investments
Topic: I've been leaving money on the table (401k)
Replies: 21
Views: 4533

Re: I've been leaving money on the table (401k)

This year and last year we have left matching money on the table it is hard to plan around DH's bonus. Last year we didn't know that 401k contributions were taken out of the bonus, and this year he got much more than his projected bonus, so we are hitting $18k before his last 2 paychecks. It's frus...
by icefr
Sun Nov 20, 2016 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: Severance Package Taxes
Replies: 10
Views: 1473

Re: Severance Package Taxes

I was laid off relatively recently and the HR phone line I had access to was really helpful through all of the questions I had. On the vacation payout - mine came with my last paycheck so it had normal paycheck withholdings. Yours might be similar assuming that you are normally paid on Dec 31st. 1) ...
by icefr
Fri Nov 18, 2016 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: New Alliant CU mobile app
Replies: 3
Views: 446

Re: New Alliant CU mobile app

You're leaving me quite optimistic about the iOS app that will hopefully come out soon!
by icefr
Tue Nov 01, 2016 8:35 pm
Forum: Investing - Help with Personal Investments
Topic: Selling old house. What to do with the $$s?
Replies: 12
Views: 2099

Re: Selling old house. What to do with the $$s?

The car is a depreciating asset. Take on debt for a car loan when you otherwise can't afford a car and you need one to get to your job and pay it off quickly. But you can afford to not have this loan, so eliminate it, get it off your balance sheet. I don't understand your point at all. What does &q...
by icefr
Tue Nov 01, 2016 12:28 pm
Forum: Investing - Help with Personal Investments
Topic: Selling old house. What to do with the $$s?
Replies: 12
Views: 2099

Re: Selling old house. What to do with the $$s?

1. Pay off your wife's car ($9k) 1. Does this make sense when it is 0%APR? The car is a depreciating asset. Take on debt for a car loan when you otherwise can't afford a car and you need one to get to your job and pay it off quickly. But you can afford to not have this loan, so eliminate it, get it...
by icefr
Sun Oct 30, 2016 8:42 pm
Forum: Personal Finance (Not Investing)
Topic: Wife planning on leaving job, how to manage 401k?
Replies: 4
Views: 976

Re: Wife planning on leaving job, how to manage 401k?

Yes. It is the end of October and the year is almost up, plus you have no idea when she will find a new job or what its match program will look like.
by icefr
Sun Oct 30, 2016 2:49 pm
Forum: Investing - Help with Personal Investments
Topic: Selling old house. What to do with the $$s?
Replies: 12
Views: 2099

Re: Selling old house. What to do with the $$s?

I would: 0. Eliminate PMI on your mortgage ($45k) 1. Pay off your wife's car ($9k) 2. I would consider frontloading the 529 contributions à bit, say $14k per kid which is the gift tax and then figure out where you are in your contributions timeline wise 3. Increase your cash emergency fund to nine m...
by icefr
Fri Oct 21, 2016 2:31 am
Forum: Personal Finance (Not Investing)
Topic: Sold house. Pay off student loans or save money for small business?
Replies: 4
Views: 575

Re: Sold house. Pay off student loans or save money for small business?

How much are your student loans? Do you want to buy another house in the near future?
by icefr
Sat Aug 06, 2016 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: Can I use my savings account as a Health Savings Account?
Replies: 13
Views: 1419

Re: Can I use my savings account as a Health Savings Account?

First Tech Credit Union appears the best so far 1%, w/no min balance and a branch is located just 35 min away. They are a cutting edge organization, first to develop phone banking then first to develop online banking. My guess is they are very good regarding ID theft which is comforting. I didn't s...
by icefr
Sat Aug 06, 2016 10:04 am
Forum: Personal Consumer Issues
Topic: Cell phone and Carrier for Vancouver BC
Replies: 5
Views: 489

Re: Cell phone and Carrier for Vancouver BC

I have cricket and I get roaming in Canada. I'm on the $35 plan, so what I do is I upgrade my plan to the $45 one the day before I go to Canada and then I downgrade back when I come back. Works great.
by icefr
Wed Aug 03, 2016 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: 30 yr fixed @ 3.75% to 15yr fixed @ ~2.8%: Advice on Refinancing
Replies: 27
Views: 2427

Re: 30 yr fixed @ 3.75% to 15yr fixed @ ~2.8%: Advice on Refinancing

Great thread...this sparked me to look into this as I am in a very similar situation as you...but not sure if it makes sense for me. $250,000 remaining at 3.75% 30 year fixed (4 years in). I emailed the mortgage broker I used to get my original mortgage and he said he could get a 15 Year fixed clos...
by icefr
Sun Jul 31, 2016 9:47 pm
Forum: Personal Finance (Not Investing)
Topic: [Fidelity drops AmEx, Bank of America credit cards]
Replies: 289
Views: 41326

Re: [Fidelity drops AmEx, Bank of America credit cards]

I tried today and hung up after 12 minutes on hold. My last FIA statement was originally autopay for Aug 13. It shows the balance on prior statements on Elan but I can't see a statement or autopay or anything. I'm going to try to call again in a few days but don't know if it's going to autopay, if ...
by icefr
Sun Jul 31, 2016 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: [Fidelity drops AmEx, Bank of America credit cards]
Replies: 289
Views: 41326

Re: [Fidelity drops AmEx, Bank of America credit cards]

I tried today and hung up after 12 minutes on hold. My last FIA statement was originally autopay for Aug 13. It shows the balance on prior statements on Elan but I can't see a statement or autopay or anything. I'm going to try to call again in a few days but don't know if it's going to autopay, if ...
by icefr
Mon Jul 25, 2016 11:27 pm
Forum: Investing - Theory, News & General
Topic: Theory only... when to stop 401k contribution
Replies: 46
Views: 4785

Re: Theory only... when to stop 401k contribution

Has already happened: Due to downsizing from very lucrative (hit the second SS bend point in 2007) tech positions (and changing technology - I'm now like a IT paleontologist), I'm at a job at a Charitable organization, single, in the 15% tax bracket, taking home just enough to pay the bills. If I w...
by icefr
Thu Jul 21, 2016 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a house with a partner with separate assets
Replies: 13
Views: 1458

Re: Buying a house with a partner with separate assets

I did something similar about nine years ago, prior to official marriage. We used an all-around knowledgeable attorney to write an Agreement for Ownership of the property, signed prior to executing the purchase and mortgage. Without getting into specifics, the agreement covers shared mortgage payme...
by icefr
Thu Jul 21, 2016 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a house with a partner with separate assets
Replies: 13
Views: 1458

Re: Buying a house with a partner with separate assers

whodidntante wrote:I would ask an attorney.


Thanks - would you ask a real estate attorney or a family law attorney?
by icefr
Wed Jul 20, 2016 10:50 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a house with a partner with separate assets
Replies: 13
Views: 1458

Buying a house with a partner with separate assets

My partner and I currently live in a property I own by myself and we've been debating moving and then owning the next place together. Our finances are about as separate as they can be while living together as we are not married. I don't want a discussion of marriage vs non-marriage - I just have que...
by icefr
Wed Jul 20, 2016 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: 15 Year vs 30 Year Mortgage + Student Debt
Replies: 13
Views: 1329

Re: 15 Year vs 30 Year Mortgage + Student Debt

1) How far into the existing 30 year mortgage are you? 2) Could your budget maintain the 15 year mortgage payment while also paying for daycare or dealing with a reduced income? 3) Are you contributing to IRA(s) or just the one 401(k)? Does the other spouse have a 401(k)? 4) What was your taxable in...
by icefr
Tue Jul 19, 2016 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: What to do with a bit of extra money each month? (UPDATED)
Replies: 41
Views: 3429

Re: What to do with a bit of extra money each month?

Since you will be moving at retirement I see no reason to pay off the loan. The reason to pay of any debt is to not make interest payments that buy you nothing and rob you of hard earned money. If they plan to move to a place that would cost less than their current equity, then I could see not payi...
by icefr
Tue Jul 19, 2016 11:56 am
Forum: Personal Finance (Not Investing)
Topic: What to do with a bit of extra money each month? (UPDATED)
Replies: 41
Views: 3429

Re: What to do with a bit of extra money each month?

Do you have access to a Roth 403(b)? You could use that or contribute partially to the pre-tax 403(b) to get yourself down to the 15% tax bracket fully and more to the Roth 403(b). I would strongly consider paying extra on the $385,000 mortgage that you would still have at 67.5 if you pay nothing ex...
by icefr
Tue Jul 19, 2016 11:51 am
Forum: Investing - Help with Personal Investments
Topic: Need help with Vanguard direct deposit
Replies: 16
Views: 1549

Re: Need help with Vanguard direct deposit

Go to: Vanguard > My Accounts > Account maintenance > Direct deposit > Maintain Then you can change which fund(s) your direct deposit goes into. On my account, it only lists mutual funds I already have. Do you already have the LifeStrategy fund in your Roth IRA? If so, you should be able to edit you...
by icefr
Tue Jul 12, 2016 4:21 pm
Forum: Personal Consumer Issues
Topic: Less than 24 hour delivery with Amazon & on Sunday
Replies: 41
Views: 2976

Re: Less than 24 hour delivery with Amazon & on Sunday

Amazon is too good at what they do...they are now angering customers because they delivered a packaged too fast. Interesting business problem to have lol In our case, the package was NOT delivered too fast. It took more than a week since the order was placed to be delivered. If Amazon had been fast...
by icefr
Mon Jul 11, 2016 5:14 pm
Forum: Investing - Help with Personal Investments
Topic: New 401k Assistance
Replies: 6
Views: 471

Re: New 401k Assistance

How much income do you expect to earn in 2016? Is $52,000 your base salary or your expected income for 2016? If it's your base salary and you will only work ~6 months this year, then your W-2 income would be closer to $26,000, putting you in the 15% tax bracket. At that rate, I would probably choose...
by icefr
Mon Jul 11, 2016 4:30 pm
Forum: Investing - Help with Personal Investments
Topic: Invest EARLY or pay off debt?!
Replies: 13
Views: 1648

Re: Invest EARLY or pay off debt?!

He retires at 50 (law enforcement) and has a pension from age 50-65 until his 401k becomes available. Increasing my husband's contributions would be an easy thing to do, esp. with a proposed raise in the next month. As far as the IRA's go, you suggest getting myself a traditional and roth IRA, atte...
by icefr
Mon Jul 11, 2016 4:28 pm
Forum: Investing - Help with Personal Investments
Topic: Invest EARLY or pay off debt?!
Replies: 13
Views: 1648

Re: Invest EARLY or pay off debt?!

Per https://www.bogleheads.org/forum/viewtopic.php?f=1&t=6212 what are the expense ratios on all of the funds available in His 401(k)? How much goes into his pension? That's also money being currently saved for retirement. Do you know how much his pension would be? We want to figure out what tax...
by icefr
Mon Jul 11, 2016 12:47 pm
Forum: Investing - Help with Personal Investments
Topic: Is Backdoor Roth right for me?
Replies: 14
Views: 1480

Re: Is Backdoor Roth right for me?

Thanks so much, all! I definitely wanted to make sure the Bogleheads sages were behind me and I'm glad I did. I'll make sure to look into the mega backdoor. Update: after doing a bit of research on the mega backdoor, and assuming my 401k plan allowed the mega, would I also be able to do the regular...
by icefr
Mon Jul 11, 2016 11:16 am
Forum: Investing - Help with Personal Investments
Topic: Q on merging retirement accounts
Replies: 12
Views: 1211

Re: Q on merging retirement accounts

Another gotcha. If you are still working and plan to make use of the "backdoor Roth" or "mega backdoor Roth" concepts, then the existence of any rollover traditional IRA causes a problem. Solution: roll rollover IRA into an existing employer's retirement plan---no rollover IRA, ...
by icefr
Sat Jul 09, 2016 10:35 am
Forum: Personal Finance (Not Investing)
Topic: [Fidelity drops AmEx, Bank of America credit cards]
Replies: 289
Views: 41326

Re: [Fidelity drops AmEx, Bank of America credit cards]

Has anyone figured out how to add the new card in Mint?
by icefr
Fri Jul 08, 2016 4:10 pm
Forum: Investing - Help with Personal Investments
Topic: Open a Vanguard account in addition to my Scottrade?
Replies: 12
Views: 770

Re: Open a Vanguard account in addition to my Scottrade?

Do the free trades count for selling Vanguard shares too? Are you buying Vanguard ETFs at Scottrade? Investor shares? Admiral shares? If you're buying Investor shares, I would definitely say move to Vanguard or switch to using ETFs.
by icefr
Fri Jul 08, 2016 3:44 pm
Forum: Investing - Help with Personal Investments
Topic: Open a Vanguard account in addition to my Scottrade?
Replies: 12
Views: 770

Re: Open a Vanguard account in addition to my Scottrade?

Do you pay fees to buy and sell the Vanguard funds in your Scottrade account? If so, I would buy the funds at Vanguard instead. If not, I'd probably just stick with Scottrade. KISS and all.

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