Search found 532 matches

by jane1
Mon May 16, 2016 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: Is there an HSA account without monthly fee
Replies: 28
Views: 2420

Re: Is there an HSA account without monthly fee

... If I move from HealthEquity to Alliant Credit Union I can still invest in Vanguard Funds without paying any additional fees. Fees will be 0. Alliant Credit Union's HSA is totally fee-free for "cash" accounts. Alliant's "Self-Managed Investing" HSA option is $5.95/month. I as...
by jane1
Mon May 16, 2016 2:20 am
Forum: Personal Finance (Not Investing)
Topic: Renter's, Umbrella, or Self-Insured?
Replies: 7
Views: 556

Re: Renter's, Umbrella, or Self-Insured?

Unless you have assets to protect, self-insuring is not a bad option. Or if you are on the forgetful side.
Of course, things could go wrong.
We didn't get renters insurance for years.
by jane1
Sun May 15, 2016 6:35 pm
Forum: Personal Finance (Not Investing)
Topic: Health Care Insurance (Self-Insuring)
Replies: 6
Views: 476

Re: Health Care Insurance (Self-Insuring)

Premiums vary greatly by Rating Area (typically group of counties) within a state as well. Which state or rating area is lowest varies based on age. NY and VT have a flat premium I.e. 21-year old pays the same as a 64-year old. In most other states a 64-yr old pays 3x of 21-yr old. So if you are in ...
by jane1
Sun May 15, 2016 6:14 pm
Forum: Personal Finance (Not Investing)
Topic: Renter's, Umbrella, or Self-Insured?
Replies: 7
Views: 556

Re: Renter's, Umbrella, or Self-Insured?

Have you checked if anyone will sell you Umbrella without Renter's or other coverage?
by jane1
Sat May 14, 2016 9:07 am
Forum: Personal Consumer Issues
Topic: Free afternoon and evening in San Jose, CA
Replies: 36
Views: 1787

Re: Free afternoon and evening in San Jose, CA

Ok, on further research I have been convinced to rent a car. Didn't realize it would be so easy to pick one up right next to the convention center. Leaning towards the Big Basin and Santa Cruz trip several of you suggested. Thanks all for the awesome suggestions! Keep it coming if you have a favori...
by jane1
Fri May 13, 2016 5:34 pm
Forum: Personal Consumer Issues
Topic: Free afternoon and evening in San Jose, CA
Replies: 36
Views: 1787

Re: Free afternoon and evening in San Jose, CA

Based on what you like - Take train from SJ to SF (livesoft's suggestion) - that is what I would have done but if you are visiting in Fall with GF, skip this Rent a car. Hike Stanford Dish, wander around Stanford, see Computer History Museum, walk near Palo Alto baylands/Shoreline Park, see Google c...
by jane1
Fri May 13, 2016 11:31 am
Forum: Personal Finance (Not Investing)
Topic: 2014 Taxes form 1099-R
Replies: 4
Views: 343

Re: 2014 Taxes form 1099-R

You will need to check if the $6382 is part of Line 16b. Look at the other 2 1099-Rs and their box 7 codes and see if the 6800 was not taxable from one of them.
by jane1
Thu May 12, 2016 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: Career path and cost of living.
Replies: 28
Views: 2600

Re: Career path and cost of living.

Most cities would have plenty of software/IT jobs. Every mid-large company has a technology department. So decide where you want to live, identify employers in the area and apply. Bay Area cost of housing is very high. Think 2.5-5K/month rent for a 2 bedroom apartment. Or 1M for an small old single ...
by jane1
Wed May 11, 2016 7:19 pm
Forum: Personal Consumer Issues
Topic: Vacation Ideas, Summer, Kids, California/Mexico/Texas?
Replies: 25
Views: 2617

Re: Vacation Ideas, Summer, Kids, California/Mexico/Texas?

You are right. The kids are too old for Legoland. By hollywood I meant movie industry related - Universal Studios, Walk of fame, watch live recording of some shows. There is Santa Monica pier/beach, Getty Center, Griffith Observatory. San Diego area has nice beaches, waterfront attractions (like USS...
by jane1
Wed May 11, 2016 6:50 pm
Forum: Personal Consumer Issues
Topic: Vacation Ideas, Summer, Kids, California/Mexico/Texas?
Replies: 25
Views: 2617

Re: Vacation Ideas, Summer, Kids, California/Mexico/Texas?

Not much of beach, swimming in NorCal since water is too cold year-round. In July/Aug SoCal LA/San Diego area would have some warm beach, swimming. SoCal may be more interesting for kids because of Disney, Legoland, Hollywood (I live in Bay Area, NorCal). SF is cold in the summer (fog rolls in). If ...
by jane1
Wed May 11, 2016 3:07 pm
Forum: Personal Consumer Issues
Topic: One Week "Sabbatical"
Replies: 43
Views: 4336

Re: One Week "Sabbatical"

Consider Idaho, if you are considering WY, MT. Or Boundary Waters in MN. I knew someone who would go there fishing every year for a couple of weeks. Lakes, Waterways, Canoeing, Camping, Scenery. Unless you want mountains and hiking too. Oregon coast is great too. And it isn't as crowded as CA or WA ...
by jane1
Tue May 10, 2016 4:32 pm
Forum: Personal Consumer Issues
Topic: Buying a house for an adult child (child adult?)
Replies: 94
Views: 8148

Re: Buying a house for an adult child (child adult?)

OP you also had a posting a month ago that seeking advice for your son was considering a career change. It seems he isn't "settled" to buy a house. Too many unknowns.
by jane1
Tue May 10, 2016 4:12 pm
Forum: Personal Consumer Issues
Topic: Buying a house for an adult child (child adult?)
Replies: 94
Views: 8148

Re: Buying a house for an adult child (child adult?)

Do not do this to yourself and your long-term relationship with your child. Mixing finance (almost) always leads to strains. They will spend on things you may not approve of, but not pay the mortgage or prop taxes. Consider the impact on your tax return & associated complexity in determining how...
by jane1
Fri May 06, 2016 8:05 pm
Forum: Personal Finance (Not Investing)
Topic: Tax guru needed!
Replies: 10
Views: 1175

Re: Tax guru needed!

If the company does not require the employee to use the "additional compensation" to pay for the insurance plan, then they are not breaking the law
https://www.irs.gov/irb/2015-14_IRB/ar07.html
See Q4
by jane1
Fri May 06, 2016 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: Tax guru needed!
Replies: 10
Views: 1175

Re: Tax guru needed!

You will have to wait and see how it appears on your W2. Even if it shows up as income on Boxes 1, 3, 5, you will only get the benefit from deducting if the following apply 1. You itemize on your tax return (not standard deduction) and 2. Your medical expenses exceed 10% of AGI (or 7.5% of AGI if Ag...
by jane1
Wed May 04, 2016 10:23 pm
Forum: Personal Consumer Issues
Topic: Not at fault Car accident, should I file for Arbitration?
Replies: 26
Views: 1956

Re: Not at fault Car accident, should I file for Arbitration?

Just from reading your replies, it sounds like TO ME that the other driver was not "turning right" but going straight. He probably saw your signal and thought that once he cleared the start the intersection, he could safely change lanes into the far right lane because you'd be gone turnin...
by jane1
Wed May 04, 2016 5:20 pm
Forum: Personal Consumer Issues
Topic: Not at fault Car accident, should I file for Arbitration?
Replies: 26
Views: 1956

Re: Not at fault Car accident, should I file for Arbitration?

10 ft away from the start of the cross-street means less than 1 car length. Was that on the police report? There is no realistic way that another car could "merge" in your lane and then turn right legally. If that is indeed the case and if I were you, I would tell Geico that I would not ac...
by jane1
Wed May 04, 2016 4:00 pm
Forum: Personal Consumer Issues
Topic: Not at fault Car accident, should I file for Arbitration?
Replies: 26
Views: 1956

Re: Not at fault Car accident, should I file for Arbitration?

How far were you/other from the start of the intersection? That might help decide if it is worth pursuing.
by jane1
Tue May 03, 2016 3:04 pm
Forum: Personal Finance (Not Investing)
Topic: Potentially invalid HSA (due to FSA) -- what to do?
Replies: 12
Views: 963

Re: Potentially invalid HSA (due to FSA) -- what to do?

Since the Spouse #1 med-FSA is valid for Spouse #2 medical expenses and the pre-tax contribution benefit is/was received for 2016, I don't believe Spouse #2 can contribute to HSA. It doesn't matter that you have already spent FSA $ (you received the maximum tax benefit anyway). I am reasonably sure,...
by jane1
Tue May 03, 2016 11:49 am
Forum: Personal Finance (Not Investing)
Topic: Potentially invalid HSA (due to FSA) -- what to do?
Replies: 12
Views: 963

Re: Potentially invalid HSA (due to FSA) -- what to do?

How many spouses do you have :)

Who is (and was) covered by which insurance and what months? HDHP Family or Individual?
Is it a limited purpose FSA (vision, dental only)? Were any FSA contributions made for 2016 or was it spend down of 2015?
by jane1
Thu Apr 28, 2016 10:46 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth IRA being treated as taxable income
Replies: 3
Views: 579

Re: Backdoor Roth IRA being treated as taxable income

I just looked back at my 2013 taxes and no I didn't report the conversion on 2013. Did I need to? You meant "contribution" not "conversion" for 2013? Based on my previous link, do you understand how to fill out the Part II of 8606 for 2014 conversion? Did you receive a 1099-R fo...
by jane1
Thu Apr 28, 2016 8:27 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth IRA being treated as taxable income
Replies: 3
Views: 579

Re: Backdoor Roth IRA being treated as taxable income

Assuming you filed 8606 for both 2013 and 2014.
Did you report the conversion in Part II of 8606 for 2014?
See a sample 8606 here
http://thefinancebuff.com/the-backdoor- ... ow-to.html
by jane1
Wed Apr 27, 2016 10:57 am
Forum: Investing - Help with Personal Investments
Topic: Tax-efficiency vs. incurred capital gains
Replies: 12
Views: 912

Re: Tax-efficiency vs. incurred capital gains

First stop reinvesting dividends and new investment in. If you have never sold this fund in the past, change your tax/cost-basis method to Specific ID. If you are currently taxed at a high capital gains tax rate (than you expect to be in retirement) look for tax loss harvesting (TLH) opportunities a...
by jane1
Tue Apr 26, 2016 11:45 pm
Forum: Personal Finance (Not Investing)
Topic: HDHP vs. Traditional Plan: Math Problem
Replies: 12
Views: 856

Re: HDHP vs. Traditional Plan: Math Problem

You have it right... - once you take the tax benefits of HSA contributions, it will become even more a no-brainer! - check the provider network (same insurance company can have multiple networks). - Negotiated rate for a service with same provider could be different based on the insurance plan - pre...
by jane1
Mon Apr 25, 2016 10:56 pm
Forum: Personal Finance (Not Investing)
Topic: Just pay or get Tax Lawyer
Replies: 13
Views: 1350

Re: Just pay or get Tax Lawyer

Great. Glad you figured it out. So is it $0 liability since it was all Roth basis or did you end up also withdrawing earnings? Make sure you follow the instructions in the IRS letter (whether to write back a letter, file an amended, 8606, etc) Oh, and if you have been reading this forum, you know th...
by jane1
Mon Apr 25, 2016 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: Just pay or get Tax Lawyer
Replies: 13
Views: 1350

Re: Just pay or get Tax Lawyer

You should first make sure IRS is correct. Isn't often the case. They may not know your Roth contributions, how long the account has been open and purpose of your withdrawal and might be assuming (worst case) the entire withdrawal as taxable. Having a 6K bill would mean you had substantial earnings ...
by jane1
Mon Apr 25, 2016 1:39 pm
Forum: Personal Consumer Issues
Topic: Off to Australia - need advice
Replies: 49
Views: 3203

Re: Off to Australia - need advice

Remember you will be jet lagged. I would skip Blue Mountains and other scenery type stuff since you can get similar experiences in the US. Instead of renting a car and driving on your own, which will isolate you from experiencing the local culture/people, take tours or the limited public transport a...
by jane1
Mon Apr 25, 2016 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: Should I start my own consulting business?
Replies: 10
Views: 1273

Re: Should I start my own consulting business?

Also check if your company's supplier have clauses in their contract with your company that restricts them from working (soliciting) with you (and other employees of your company). Getting clients is the most difficult. Your potential clients may not want to deal with a 1 person company. Or ruin the...
by jane1
Mon Apr 25, 2016 10:50 am
Forum: Personal Consumer Issues
Topic: PhD gift ideas
Replies: 17
Views: 972

Re: PhD gift ideas

Travel (hotel, tour) to a historic place on his bucket list. Local (driveable in US) may be within your budget but if it is Italy or Intl sites that he has always dreamed of, give him a check with a nice voucher (you create) that says it is towards his XYZ dream trip (to show you have given it some ...
by jane1
Mon Apr 25, 2016 1:05 am
Forum: Personal Finance (Not Investing)
Topic: Should I Sign This Non-Solicitation Agreement Can This Backfire on Me
Replies: 24
Views: 2176

Re: Should I Sign This Non-Solicitation Agreement Can This Backfire on Me

Depends on your state and/or state whose court is mentioned in the contract. I wouldn't be overly concerned about #2. #1, per my interpretation, says you can never do anything directly or indirectly that takes away their customers or employees (who were their customer/employee in the 24 months befor...
by jane1
Wed Apr 20, 2016 12:56 am
Forum: Personal Consumer Issues
Topic: Inexpensive place to fax from?
Replies: 11
Views: 1057

Re: Inexpensive place to fax from?

My local UPS store offers fax service at a fraction of FedEx's fax cost. I think it was $1 even for first page (international). Domestic may be less.
by jane1
Mon Apr 18, 2016 8:44 pm
Forum: Personal Finance (Not Investing)
Topic: Tax filing help!! standard vs itemized? passive or general category income?
Replies: 11
Views: 858

Re: Tax filing help!! standard vs itemized? passive or general category income?

Some states allow you to do Itemized Deduction on Fed and Standard on State or vice-versa. Others don't. So you may have to optimize accordingly too. Do pay attention to what House Blend wrote. Lot of people don't understand that concept. In your case, if you itemize, your State Refund will need to ...
by jane1
Mon Apr 18, 2016 8:16 pm
Forum: Personal Finance (Not Investing)
Topic: Another last-minute IRA contribution question
Replies: 9
Views: 508

Re: Another last-minute IRA contribution question

Still on hold with Vanguard. They've probably got a lot of calls from people like me. haha Depends on what you expect your tax bracket to be (later in life). I personally would have contributed max allowed in deductible IRA and the remaining in Roth. But then I don't mind dealing with it! If you ar...
by jane1
Mon Apr 18, 2016 7:35 pm
Forum: Personal Finance (Not Investing)
Topic: Another last-minute IRA contribution question
Replies: 9
Views: 508

Re: Another last-minute IRA contribution question

Depends on what you expect your tax bracket to be (later in life). I personally would have contributed max allowed in deductible IRA and the remaining in Roth. But then I don't mind dealing with it! If you are in a high state tax bracket, you can potentially save $1200-1500 in taxes this year. So ba...
by jane1
Mon Apr 18, 2016 6:52 pm
Forum: Personal Finance (Not Investing)
Topic: Another last-minute IRA contribution question
Replies: 9
Views: 508

Re: Another last-minute IRA contribution question

If your AGI is such that you are allowed to contribute to a Roth, do that.
If you are not allowed to contribute to a Roth (due to high AGI), you can contribute to (non-deductible) IRA and then do a backdoor Roth. Not sure if it is too late to open a Roth account or make a contribution.
by jane1
Sun Apr 17, 2016 10:58 am
Forum: Investing - Help with Personal Investments
Topic: Help: Back Door Roth
Replies: 7
Views: 725

Re: Help: Back Door Roth

See a recent similar thread on this topic
viewtopic.php?f=2&t=189196
by jane1
Fri Apr 15, 2016 9:18 am
Forum: Personal Finance (Not Investing)
Topic: Incoming rollover solo 401k TD Ameritrade and backdoor Roth
Replies: 9
Views: 434

Re: Incoming rollover solo 401k TD Ameritrade and backdoor Roth

1. Contribute to IRA by 4/18 2. Amend 2015 tax return to include 8606 (maybe don't even need 1040X, only 8606?) 3. ASAP but sometime before 12/31/2016, move Rollover IRAs into respective 401k (Q: is there additional paperwork if I wait beyond 2016?) 4. Convert (non-deductible) IRA to Roth 5. For 20...
by jane1
Thu Apr 14, 2016 7:50 pm
Forum: Personal Finance (Not Investing)
Topic: Incoming rollover solo 401k TD Ameritrade and backdoor Roth
Replies: 9
Views: 434

Re: Incoming rollover solo 401k TD Ameritrade and backdoor Roth

Thanks. Retiredjg, we do have the pre-tax IRA accounts that I want to rollover into the 401k before doing the backdoor Roth. So I am thinking the non-deductible 2015 contributions go into the same accounts. Or is that a bad idea to mix pre- and after-tax funds which might complicate the partial tran...
by jane1
Thu Apr 14, 2016 7:05 pm
Forum: Investing - Help with Personal Investments
Topic: Capital Gains Tax Question
Replies: 11
Views: 692

Re: Capital Gains Tax Question

While I'm at it, I am also seeking some clarification on taxes as they relate to dividends. In a taxable account, are dividends taxed as income tax or at the capital gains tax rate? Or does this depend on how long the stock/fund is owned? You will get a 1099-Div for your MF & ETFs which will li...
by jane1
Thu Apr 14, 2016 6:52 pm
Forum: Personal Finance (Not Investing)
Topic: Incoming rollover solo 401k TD Ameritrade and backdoor Roth
Replies: 9
Views: 434

Re: Incoming rollover solo 401k TD Ameritrade and backdoor Roth

Thank you both. I need to first check with the 401k plans if they accept pre-tax IRA funds. I think you have the steps right. You may not have time to get this done for 2015 though. The IRS does accept Form 8606 alone without an amended return. Isn't Step 1 (contribute by 4/18) the only step with an...
by jane1
Thu Apr 14, 2016 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: Incoming rollover solo 401k TD Ameritrade and backdoor Roth
Replies: 9
Views: 434

Incoming rollover solo 401k TD Ameritrade and backdoor Roth

I am considering whether a 2015 backdoor Roth is worth it for us. Spouse and I both have Rollover IRAs, small pre-tax IRAs, and active 401k. Does anyone have experience with transferring Rollover IRA (pre-tax only) funds (i.e. incoming rollover) to a TD Ameritrade Solo 401k ? From Fidelity? Is it st...
by jane1
Wed Apr 13, 2016 11:57 pm
Forum: Personal Finance (Not Investing)
Topic: CPA pricing and physical location
Replies: 41
Views: 2462

Re: CPA pricing and physical location

Seems like a fairly straightforward return. If you are well organized and have all your Expenses for Schedule C summarized, it should take a competent person about an hour to enter all this the first time (and probably less in future years). And definitely worthwhile to learn yourself. Tax prep fees...
by jane1
Wed Apr 13, 2016 11:18 pm
Forum: Investing - Help with Personal Investments
Topic: Too late to open and fund a roth for 2015?
Replies: 21
Views: 1419

Re: Too late to open and fund a roth for 2015?

where do you have your current retirement accounts? Fidelity for the time being. Most likely will be transferring over to Vanguard at some point. Also if I were able to open these IRA's yet for 2015 do you have to invest the money in a fund right away for can it just sit in cash for the time being?...
by jane1
Wed Apr 13, 2016 10:52 pm
Forum: Investing - Help with Personal Investments
Topic: Totally lost about contribution limits for an I-401k
Replies: 44
Views: 2055

Re: Totally lost about contribution limits for an I-401k

I assume you have one schedule C so just one business. So on your 1040... a)what value do you have on line 12? b)what do you have on line 27? Just to double check... a)On schedule C what do you have on line 31? b)On schedule SE what do you have on line 6? If nothing what do you have on page 2 line ...
by jane1
Mon Apr 11, 2016 8:11 pm
Forum: Personal Finance (Not Investing)
Topic: tax question
Replies: 3
Views: 431

Re: tax question

Assuming "Income taxes" box is checked and not "General sales taxes", it would include 1. All State Tax withholdings from W2, 1099s, etc 2. All estimated state taxes paid in tax year 3. Any 2014 state tax balance due that was paid in 2015 4. Any other special local tax or other m...
by jane1
Mon Apr 04, 2016 8:56 pm
Forum: Investing - Help with Personal Investments
Topic: study abroad and American Opportunity Tax Credit
Replies: 3
Views: 244

Re: study abroad and American Opportunity Tax Credit

Seems you would be eligible for AOC. See https://www.irs.gov/publications/p970/ch02.html#en_US_2015_publink1000204341 Qualified Education Expenses For purposes of the American opportunity credit, qualified education expenses are tuition and certain related expenses required for enrollment or attenda...
by jane1
Mon Apr 04, 2016 8:12 pm
Forum: Personal Consumer Issues
Topic: London hotel room with points-where should we stay?
Replies: 19
Views: 1450

Re: London hotel room with points-where should we stay?

Sorry I don't know about the particular neighborhood that you are asking about. I typically look at Google Street View near the area of interest to decide if I want to stay in that neighborhood. I also check out the walkability score. Or I do a search on google maps for "restaurants" in th...
by jane1
Sun Apr 03, 2016 11:44 pm
Forum: Personal Finance (Not Investing)
Topic: TaxAct - Tax exempt dividends not correct on State return
Replies: 6
Views: 645

Re: TaxAct - Tax exempt dividends not correct on State return

When entering or reviewing your Dividends in TaxAct, use "Quick Entry" and make sure the 1099-Div Box 1-14 are entered exactly as from your broker. Then fill in additional state information on Box 18-19 (sounds like yours needs to go in Box 19 since you said it is Federal tax exempt) Don't...
by jane1
Sun Apr 03, 2016 11:20 pm
Forum: Personal Finance (Not Investing)
Topic: Help me reduce my 2015 AGI!
Replies: 22
Views: 3972

Re: Help me reduce my 2015 AGI!

OP, yes to both. Your spouse can contribute $5500 in Traditional IRA and deduct (since your MAGI is below 183K). This should show up on Line 32 of Form 1040 which would reduce your MFJ AGI You should not recharacterize your Roth to IRA since you will not be able to deduct (you are covered by plan at...

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