Search found 95 matches

by itworks
Tue Feb 13, 2018 12:39 am
Forum: Investing - Help with Personal Investments
Topic: Received 1099-R from Vanguard for Roth backdoor but not for mega backdoor (?)
Replies: 8
Views: 818

Re: Received 1099-R from Vanguard for Roth backdoor but not for mega backdoor (?)

My 401K is administered by Fidelity, and I actually got lost just as you, as Fidelity similarly tucks the 1099-R form under the 401K section. Not sure about box 14. My form, generated by Fidelity, shows blank in that box. I assume it does not matter, as you have to pay income tax to both Federal and...
by itworks
Fri Feb 09, 2018 4:08 pm
Forum: Investing - Theory, News & General
Topic: Ally online savings now at 1.45%
Replies: 72
Views: 8143

Re: Ally online savings now at 1.45%

Alliant Credit Union savings: 1.45%, upped a few days ago.
by itworks
Thu Feb 08, 2018 11:30 pm
Forum: Investing - Theory, News & General
Topic: TLH With SpecID If Bought Within 30 Days Before Harvesting
Replies: 14
Views: 1085

Re: TLH With SpecID If Bought Within 30 Days Before Harvesting

I have similar questions in mind, and below is copied from my Vanguard cost basis screen, with weekly auto-investment into a fund: 9/5/17 ($19.00) 9/12/17 ($17.60) 9/19/17 ($15.70) 9/26/17 ($15.70) 9/29/17 ($22.40) 10/3/17 ($13.10) 10/10/17 ($13.80) 10/17/17 ($18.20) 10/24/17 ($15.70) 10/31/17 ($13....
by itworks
Mon Feb 05, 2018 5:39 pm
Forum: Investing - Theory, News & General
Topic: Vanguard site is crashed now?
Replies: 188
Views: 14613

Re: Vanguard site is crashed now?

Did not try Vanguard today, but logged into Fidelity and did a small-scale rebalance there. Order submitted 20 minute ahead of market close. No issues whatsoever...
by itworks
Wed Jan 24, 2018 12:51 am
Forum: Personal Finance (Not Investing)
Topic: Credit card with chip - fraud. How?
Replies: 7
Views: 801

Credit card with chip - fraud. How?

Looks like my credit card was compromised. The only possibility seems to be a use in a local grocery store the day before the fraudulent charges. While using it, I had to insert it into a chip reader, not by swiping it. First question is, how does the card information got stolen for such a chip-enab...
by itworks
Fri Jan 19, 2018 11:51 pm
Forum: Personal Consumer Issues
Topic: Alliant 3/2.5% card - any experience?
Replies: 32
Views: 4203

Fight night tale on this card

What happened as of now is a bit unsettling. So Mint showed me there are two charges from hotels.com on this card today. It caught my eye immediately due to the exactly duplicated amount. I logged into alliant site and found 6 charges listed under the "pending transactions" section. Four are suspici...
by itworks
Sun Jan 14, 2018 7:02 pm
Forum: Personal Consumer Issues
Topic: Apple Mac Mini/Pro Updates? Don't Want iMac
Replies: 14
Views: 1355

Re: Apple Mac Mini/Pro Updates? Don't Want iMac

Unless you are doing very CPU intensive things, you can replace Mac Mini's hard drive with SSD, and it should perform most daily operations well. Not sure whether you can upgrade RAM -- on some models, RAM is soldered to motherboard:(

The speed boost from hard drive to SSD is very noticeable.
by itworks
Sun Jan 14, 2018 3:11 pm
Forum: Investing - Help with Personal Investments
Topic: 401K sub-accounts juggling: making sense? actionable?
Replies: 2
Views: 243

401K sub-accounts juggling: making sense? actionable?

My current 401K has a few sub-accounts: pretax / companyMatch / Roth. So far, all sub-accounts have exactly the same proportional allocations of a few funds. Example: pretax sub-account has 30% Vanugard 500, the same percentage in companyMatch sub-account, and Roth sub-account. This happens naturall...
by itworks
Sat Jan 13, 2018 4:43 pm
Forum: Personal Finance (Not Investing)
Topic: Quick question on paying Estimate Tax
Replies: 5
Views: 500

Re: Quick question on paying Estimate Tax

Thanks folks. Regarding convenience fee, I am going to use a cashback card that could cover the fee.
by itworks
Sat Jan 13, 2018 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: Quick question on paying Estimate Tax
Replies: 5
Views: 500

Quick question on paying Estimate Tax

First time doing it, as I have been penalized a couple of times for under-payments, but never realized the quick remedy by paying it online. I plan to pay 2017 estimate tax these several days (deadline seems to be Jan. 16th, 2018, given that 01/15/18 is a federal holiday). A quick question is whethe...
by itworks
Sat Jan 13, 2018 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: Coverdell to 529: Is this a rollover thus subject to once-per-12-month rule?
Replies: 3
Views: 278

Re: Coverdell to 529: Is this a rollover thus subject to once-per-12-month rule?

Thank you HueyLD! Re-reading my email communication last year with the 529 custodian, who said ' We must receive these funds within 60 days of the withdrawal from the CESA'. This sentence seems contradictory to what you said 'in the same calendar year'. I am willing to believe what we researched her...
by itworks
Wed Jan 10, 2018 11:05 pm
Forum: Personal Finance (Not Investing)
Topic: Coverdell to 529: Is this a rollover thus subject to once-per-12-month rule?
Replies: 3
Views: 278

Coverdell to 529: Is this a rollover thus subject to once-per-12-month rule?

As in the subject. Say I did a Coverdell withdrawal and then sent the check to a 529 account (both for the same beneficiary) last June, can I do another Coverdell withdrawal and contribute to the same 529 account (still for the same beneficiary) right now, or do I have to wait for 12-month? My under...
by itworks
Mon Jan 01, 2018 2:49 am
Forum: Investing - Help with Personal Investments
Topic: HSA - Californians
Replies: 13
Views: 965

Re: HSA - Californians

The following is not exactly correct: you essentially suffered no tax disadvantage using an HSA all your working life while living in California. The state tax disadvantage is only realized if you make qualified withdrawals while still a resident of California. Every year, dividend and capital gain ...
by itworks
Fri Dec 29, 2017 5:18 pm
Forum: Personal Finance (Not Investing)
Topic: Coverdell (at TDA) transfer to 529 (after new tax law in effect)
Replies: 9
Views: 659

Re: Coverdell (at TDA) transfer to 529 (after new tax law in effect)

Regarding the fees, you might need to pay two fees: - sale commission when liquidating - full account transfer fee I did not pay any fee for my case, because (1) the fund transfer is a paritial transfer and TDA only charge fees for “full transfer”; (2) TDA did not charge for withdrawing the cash pos...
by itworks
Fri Dec 29, 2017 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: Coverdell (at TDA) transfer to 529 (after new tax law in effect)
Replies: 9
Views: 659

Re: Coverdell (at TDA) transfer to 529 (after new tax law in effect)

It looks like you do have to liquidate first. Your 529 plan would not allow you to hold individual stocks nor ETF shares. TDA should not have issue providing the split up between contributions and earnings because that is not a ‘cash’ position. Maybe you want to call Fidelity to inquire on details. ...
by itworks
Fri Dec 29, 2017 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: Coverdell (at TDA) transfer to 529 (after new tax law in effect)
Replies: 9
Views: 659

Re: Coverdell (at TDA) transfer to 529 (after new tax law in effect)

OP: I was in almost exactly the same situation as you. Also 4K, also TDA, also sitting there for a long while without doing anything. The difference is that I did allocate 1.5K into an active fund. I did the following this year: - 'transfer' the active fund (belonging to AMG) to AMG-managed Coverdel...
by itworks
Thu Dec 28, 2017 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: Prepay property tax: California / AMT
Replies: 4
Views: 627

Re: Prepay property tax: California / AMT

That is an interesting perspective, though I think there is a key difference between Schedule A and Schedule CA. The former is modified by IRS due to the statutory context. The latter cannot be modified by FTB without California tax law change. So here is something I am not sure: does the current Ca...
by itworks
Thu Dec 28, 2017 11:08 am
Forum: Personal Finance (Not Investing)
Topic: Prepay property tax: California / AMT
Replies: 4
Views: 627

Prepay property tax: California / AMT

The county issued a notice that one can prepay the 2nd installment this year which is due in Apr. 2018. The question is whether to do it or not. Federal tax is hit by AMT, but not California tax. 1. Federal tax It does not make sense to prepay because of AMT. And, prepay or not does not impact next ...
by itworks
Thu Dec 21, 2017 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: Please Post Tax Bill Questions Here [was Tax Bill Omnibus Thread]
Replies: 886
Views: 51126

Bunching mortgage for 1 year, 2 years?

Want to run this idea with you folks for my situation: 1. I am pretty sure I will hit hard by AMT in year 2017. 2. In HCOLA state. my SALT+Property tax is way over the allowed $10K. 3. Mortgage interest is about $18K in 2017, which makes my 2018 itemized-deduction ($27K) not too valuable compared to...
by itworks
Sat Dec 16, 2017 4:17 pm
Forum: Personal Consumer Issues
Topic: Alliant 3/2.5% card - any experience?
Replies: 32
Views: 4203

Re: Alliant 3/2.5% card - any experience?

Here is a question on setting up recurring automatic payment for this card. Unlike most credit cards, the Alliant webpage to setup auto-payment does not say "which day to post the payment". Usually there is a choice to specify either an absolute date of each month, or a date relative to the due date...
by itworks
Thu Dec 14, 2017 10:17 pm
Forum: Personal Consumer Issues
Topic: Alliant 3/2.5% card - any experience?
Replies: 32
Views: 4203

Re: Alliant 3/2.5% card - any experience?

Not able to answer some of your questions, but I do have the card and am standardizing my expense on this card. With a similar expense rate as you, I feel it is an excellent choice, even with the $59 annual fee. - You have to join Alliant CU before you can get the card. I joined Alliant CU more than...
by itworks
Mon Dec 04, 2017 7:05 pm
Forum: Investing - Help with Personal Investments
Topic: Stable Value funds in 529 Plans
Replies: 11
Views: 867

Re: Stable Value funds in 529 Plans

With a gliding-path asset allocation, I have the majority of 529 assets investing in equities right now. For the fixed income part, I like to stash them into a Stable Value plan, hence I am looking for whatever plan that offers highest rate.
by itworks
Mon Dec 04, 2017 5:29 pm
Forum: Investing - Help with Personal Investments
Topic: Stable Value funds in 529 Plans
Replies: 11
Views: 867

Stable Value funds in 529 Plans

Just received an email from CollegeInvest (Colorado's 529) with 2018 Stable Value rate: Effective December 1st the annual rate of return for calendar year 2018 will be 2.29% net of all fees. The new rate is lower than that in 2017 (which was in turn lower than that in 2016), certainly a bit disappoi...
by itworks
Wed Aug 16, 2017 7:08 pm
Forum: Investing - Help with Personal Investments
Topic: Does it work to avoid the $49.95 transaction fee?
Replies: 7
Views: 2067

Re: Does it work to avoid the $49.95 transaction fee?

Yes, you are responsible for tracking and reporting correct cost basis information even if it's different than that reported by a certain brokerage. Glad it worked out for you (it seems...), and maybe it's un-Boglehead for me to say, but seems like way too much effort to save 50 bucks. I get that i...
by itworks
Wed Aug 16, 2017 2:39 pm
Forum: Investing - Help with Personal Investments
Topic: Does it work to avoid the $49.95 transaction fee?
Replies: 7
Views: 2067

Re: Does it work to avoid the $49.95 transaction fee?

Reporting back on a new twist on this saga. TD Ameritrade gave me the cost basis information (no new contributions from me, just the initial purchase + reinvest from all dividends), but AMG Funds does not take it, citing 'Since Coverdell accounts are tax deferred, cost basis is not tracked like they...
by itworks
Wed Aug 09, 2017 11:21 pm
Forum: Personal Finance (Not Investing)
Topic: Life at crossroads. What would you do ?
Replies: 198
Views: 19572

Re: Life at crossroads. What would you do ?

If you are willing to go back to coding, there are lots of job openings everywhere in the valley. Maybe you can try some coding schools to get a quick boost?
davidsorensen32 wrote:I used to program years ago (but have undergrad+masters in computer science). Ever since my MBA I shifted to the business side.
by itworks
Wed Jun 28, 2017 10:37 pm
Forum: Personal Finance (Not Investing)
Topic: A TIPS is maturing in Fidelity. What to do?
Replies: 44
Views: 3242

Re: A TIPS is maturing in Fidelity. What to do?

Maybe buying individual muni bonds, issued by your state, considering you do not need the money any time soon, and you can hold the bonds until maturity. I am also interested in buying individual bond in Fidelity, but haven't had the time to research how to do it. Now, if someone from this great com...
by itworks
Mon Jun 26, 2017 11:06 pm
Forum: Personal Consumer Issues
Topic: California Vehicle - lien holder issue?
Replies: 3
Views: 466

California Vehicle - lien holder issue?

I have a 15-year old vehicle, first time owner, purchased new from dealer. Never realized until recently from the annual registration notice that the lien holder is still 'Toyota Financials'. I paid off the vehicle 10 years ago, so it does not make sense to have them as the lien holder. Any conseque...
by itworks
Sat Jun 24, 2017 10:32 pm
Forum: Investing - Help with Personal Investments
Topic: Does it work to avoid the $49.95 transaction fee?
Replies: 7
Views: 2067

Re: Does it work to avoid the $49.95 transaction fee?

Reporting back: TD Ameritrade would not waive the fee, so I filled account opening form and asset transfer form and sent them to AMG Funds. Three weeks passed, now the YACKX shares are already sitting in a newly opened Coverdell account managed by AMG. Since the transfer is partial, no fee is charge...
by itworks
Fri May 26, 2017 7:43 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard, Betterment and Wealthfront for a teenager
Replies: 16
Views: 2458

Re: Vanguard, Betterment and Wealthfront for a teenager

Second Wisebanyan. I like their services and I am personally building up a serious portfolio there.The user interface is great. Auto-rebalance is achieved via new fund, since I do not opt for TLH. No minimal -- good for kid with small allowance money or unsteady income. I've posted this elsewhere, i...
by itworks
Wed May 24, 2017 8:28 pm
Forum: Investing - Help with Personal Investments
Topic: Does it work to avoid the $49.95 transaction fee?
Replies: 7
Views: 2067

Does it work to avoid the $49.95 transaction fee?

I had a really old Coverdell account with TD Ameritrade, with $1500 invested in YACKX (AMG Yacktman Fund). The account was opened before I got to know the boglehead-way, and that partly explained why YACKX was chosen. At that time, the Coverdell account was opened with ThinkOrSwim, and there was no ...
by itworks
Thu Feb 23, 2017 4:56 pm
Forum: Investing - Help with Personal Investments
Topic: Wash sale with ESPP: now how to deal with tax??
Replies: 3
Views: 572

Re: Wash sale with ESPP: now how to deal with tax??

An update, hopefully to benefit others who run into similar situation. Basically I gave up using the Turbo Tax (Home & Business) wizard to reconcile everything. To be fair, there are enough flexibility in the software UI that allows me to type a basis myself, and I almost successfully used the wizar...
by itworks
Fri Feb 17, 2017 1:59 am
Forum: Investing - Help with Personal Investments
Topic: Wash sale with ESPP: now how to deal with tax??
Replies: 3
Views: 572

Wash sale with ESPP: now how to deal with tax??

here is a head-scratching situation that I run out of smarts: - On 03/31/15: Acquired 95 ESPP shares - On 03/16/16: Sold those 95 shares, at a loss - On 03/31/16: Acquired 109 ESPP shares - On 07/15/16: Sold those 109 shares, with some gain (The ESPP acquisition on 03/31/16 triggers a wash-sale, tho...
by itworks
Tue Feb 14, 2017 4:47 pm
Forum: Investing - Help with Personal Investments
Topic: Mega Backdoor Roth - tax reporting question - no 1099-R?
Replies: 6
Views: 710

Re: Mega Backdoor Roth - tax reporting question - no 1099-R?

Happy to report back problem solved. The 1099-R is indeed there, but it is tugged under Fidelity's 401K site, not aggregated in the central location where one can find other tax forms. And, its box 2a shows the taxable amount correctly.

Thanks everyone!
by itworks
Tue Feb 14, 2017 3:35 pm
Forum: Investing - Help with Personal Investments
Topic: Mega Backdoor Roth - tax reporting question - no 1099-R?
Replies: 6
Views: 710

Re: Mega Backdoor Roth - tax reporting question - no 1099-R?

Thanks everyone! Looks like I did not do anything incorrect on my side :D Will keep calling Fidelity. I am surprised such a big firm cannot make it correct. Alan: as always, thanks for your reminder and sharing your deep knowledge. I did a bit of research just now and noticed some threads reporting ...
by itworks
Tue Feb 14, 2017 3:05 pm
Forum: Investing - Help with Personal Investments
Topic: Mega Backdoor Roth - tax reporting question - no 1099-R?
Replies: 6
Views: 710

Mega Backdoor Roth - tax reporting question - no 1099-R?

I am hoping what I practiced is "Mega Backdoor Roth", and I did not screw things up. My mega-corp started to offer AfterTax 401K last year, and the plan allows 'roll over'. So what I did is to call Fidelity (the plan administrator) from time to time, requesting them to 'roll-over' both AfterTax cont...
by itworks
Wed Apr 13, 2016 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: Attach 83(b) election to 2015 Tax Return?
Replies: 8
Views: 1935

Re: Attach 83(b) election to 2015 Tax Return?

I have exactly the same question whether to file paper return or not. I would just do an e-file per this IRS ruling: http://www.bnncpa.com/services/employee_benefit_plans/blog/irs_rules_that_failure_to_attach_83b_election_to_form_1040_did_not_invalida Though, I am supposed to including 83(b) as part...
by itworks
Sat Jun 14, 2014 4:40 pm
Forum: Investing - Help with Personal Investments
Topic: TD Ameritrade transaction fee to sell a fund
Replies: 8
Views: 1152

Re: TD Ameritrade transaction fee to sell a fund

I have about $4000 there. It might be a small amount for them to give a pass.
by itworks
Thu Jun 12, 2014 8:57 pm
Forum: Investing - Help with Personal Investments
Topic: TD Ameritrade transaction fee to sell a fund
Replies: 8
Views: 1152

Re: TD Ameritrade transaction fee to sell a fund

Interesting idea. My taxable account with Vanguard has all admiral shares. Can they be transferred in-kind?
by itworks
Thu Jun 12, 2014 8:12 pm
Forum: Investing - Help with Personal Investments
Topic: TD Ameritrade transaction fee to sell a fund
Replies: 8
Views: 1152

TD Ameritrade transaction fee to sell a fund

I moved to 3-fund portfolio a couple of years ago, well, almost all accounts, except an ESA account with TD Ameritrade. I want to sell the fund, YACKX, in this account, but TDAmeritrade would charge me $49.99. I feel I have paid them way too much transaction fee at the time when I did the 3-fund con...
by itworks
Fri Jan 31, 2014 10:03 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard: Cost Basis w/ SpecID
Replies: 19
Views: 2232

Re: Vanguard: Cost Basis w/ SpecID

Kevin, I'd love to do a TLH pairs. There are two choices: Vanguard California Long-Term Tax-Exempt Fund (VCITX) Duration: 7.7 years (vs VCAIX 5.4 years) Vanguard Intermediate-Term Tax-Exempt (VWITX) Duration: 5.5 years I am more inclined to use VCITX for three reasons: 1. I am still in accumulation ...
by itworks
Wed Jan 29, 2014 12:19 am
Forum: Investing - Theory, News & General
Topic: MYRA OFF TOPIC UNTIL ACTIONABLE (merged threads)
Replies: 68
Views: 6115

Re: R-Bonds

Announced in the state of union address by President just now. The thread is locked as of now:
http://www.bogleheads.org/forum/viewtop ... st=1941567
by itworks
Tue Jan 28, 2014 11:07 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard: Cost Basis w/ SpecID
Replies: 19
Views: 2232

Re: Vanguard: Cost Basis w/ SpecID

Awesome, David. I am writing it down.
by itworks
Tue Jan 28, 2014 9:47 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard: Cost Basis w/ SpecID
Replies: 19
Views: 2232

Re: Vanguard: Cost Basis w/ SpecID

Kevin, Finally it got resolved. I got an email yesterday (01/27/14): Thank you for taking the time to contact us. We've updated your account according to your instructions. And here is what is being shown (which is expected): Date acquired (covered shares) 12/06/2013 quantity price totalCost marketV...
by itworks
Mon Jan 20, 2014 2:00 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity Personal Retirement Annuity vs Taxable
Replies: 5
Views: 1325

Fidelity Personal Retirement Annuity vs Taxable

I have been thinking about buying 50K Fidelity Personal Retirement Annuity (with the index 500 option, http://fundresearch.fidelity.com/annuities/summary/FXVLT), as part of my retirement portfolio, to replace the 50K Vanguard total stock in my taxable account. The main motivation is the yearly cost,...
by itworks
Fri Jan 17, 2014 1:21 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard: Cost Basis w/ SpecID
Replies: 19
Views: 2232

Re: Vanguard: Cost Basis w/ SpecID

Kevin, it looks like you are seeing the same issue (assuming you purchased those shares recently with multiple transactions). I did get an email reply online today, which says "Your request is currently being researched, therefore we will contact you within three business days with the status of you...
by itworks
Wed Jan 15, 2014 11:58 pm
Forum: Investing - Help with Personal Investments
Topic: vanguard quality of service
Replies: 63
Views: 5818

Re: vanguard quality of service

I will give Vanguard 8 out of 10. Mostly, I just do things online and there is no need to contact customer service, and the website so far totally meets my needs. I do not need brokerage service. Altogether I should only have called Vanguard 3 times. - First time, it was regarding transferring a Rot...
by itworks
Wed Jan 15, 2014 11:43 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard: Cost Basis w/ SpecID
Replies: 19
Views: 2232

Re: Vanguard: Cost Basis w/ SpecID

Filed a secure email from Vanguard site two days ago, still no response, which is the reason I am posting here. Well I could wait for one more day and then probably give them a call. Last time when I called Vanguard about doing backdoor Roth, I was received lukewarmly with a bit impatience from the ...
by itworks
Wed Jan 15, 2014 10:44 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard: Cost Basis w/ SpecID
Replies: 19
Views: 2232

Re: Vanguard: Cost Basis w/ SpecID

Thanks Kevin.

All shares of this fund are purchased very recently, since early December 2013.

Does the fund type make a difference? The properly-behaves ones are Total Stock and Total International. The one in question is VCAIX (California Intermediate Muni). I think not...