Search found 721 matches

by jane1
Fri Mar 17, 2017 9:26 am
Forum: Personal Finance (Not Investing)
Topic: TaxAct not calculating foreign tax credit
Replies: 15
Views: 962

Re: TaxAct not calculating foreign tax credit

Thanks, the alerts led me to a page I didn't understand. But I just manually entered the info about ordinary dividends and qualified dividends received from Vanguard and ended up with what seems like a reasonable number. Isn't your 1040 Line 48 same as all 1099-Div Box 6 (assuming foreign income/ta...
by jane1
Thu Mar 16, 2017 10:09 am
Forum: Personal Finance (Not Investing)
Topic: TaxAct not calculating foreign tax credit
Replies: 15
Views: 962

Re: TaxAct not calculating foreign tax credit

I had run into the same problem initially and thought TaxAct had messed it this year. But when I entered the Intl Dividend Income (which goes to 1116), FTC showed up correctly on 1040 Pg 2. I believe running alerts gets you to that data entry screen. If you aren't able to get it to work, let us know...
by jane1
Mon Feb 20, 2017 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: Faith in Vanguard shaken after seeing wrong name on my 1099 & Statements
Replies: 28
Views: 3775

Re: Faith in Vanguard shaken after seeing wrong name on my 1099 & Statements

Update from Vanguard Flagship team via Message Center "I was informed of your situation and put in a request to fix everything and get a new tax form generated. I had my manager expedite the process for you. Sorry for the inconvenience on this; I honestly have never seen this. As soon as I hear...
by jane1
Sun Feb 19, 2017 6:11 pm
Forum: Personal Finance (Not Investing)
Topic: Consolidated 1099-DIV or individual entries
Replies: 9
Views: 753

Re: Consolidated 1099-DIV or individual entries

Each Payer ID should be listed separately. So if your consolidated 1099 has a single Payer ID listed, you enter the combined amount. Else separate.
by jane1
Wed Feb 15, 2017 12:54 am
Forum: Personal Finance (Not Investing)
Topic: Faith in Vanguard shaken after seeing wrong name on my 1099 & Statements
Replies: 28
Views: 3775

Re: Faith in Vanguard shaken after seeing wrong name on my 1099 & Statements

Just to confirm, in 2015 your 1099 was in your name and social security number, but after upgrading it's in your husband's name but your social security number. Is that correct? You stated your DH's name and SS number were correct for 2016. Were the amounts also correct? Your understanding regardin...
by jane1
Tue Feb 14, 2017 11:39 am
Forum: Personal Finance (Not Investing)
Topic: Faith in Vanguard shaken after seeing wrong name on my 1099 & Statements
Replies: 28
Views: 3775

Re: Faith in Vanguard shaken after seeing wrong name on my 1099 & Statements

I spoke with the Vanguard Rep and said it was not my name on the 1099. I didn't reveal that it was DH name (different last name). He asked if that was DH name and he put me on hold for a few minutes to research the issue. And then came back and told me they will need more time to research this. He d...
by jane1
Tue Feb 14, 2017 6:24 am
Forum: Personal Finance (Not Investing)
Topic: Faith in Vanguard shaken after seeing wrong name on my 1099 & Statements
Replies: 28
Views: 3775

Re: Faith in Vanguard shaken after seeing wrong name on my 1099 & Statements

Do you ever log on to look at your accounts? Are they named correctly there? If not, why has it taken you so long to even look at them? I login regularly (at least once a month). I don't necessarily look or download statements every month. I mainly look at transactions, cost basis, so wouldn't look...
by jane1
Tue Feb 14, 2017 1:34 am
Forum: Personal Finance (Not Investing)
Topic: Faith in Vanguard shaken after seeing wrong name on my 1099 & Statements
Replies: 28
Views: 3775

Faith in Vanguard shaken after seeing wrong name on my 1099 & Statements

I downloaded our 1099 and recent Vanguard Statements. Found that after the vanguard account "upgrade" (or sometime around that time frame), statements and 1099s for my accounts (Brokerage, IRA, Roth) have DH's name of them. Statements before the "upgrade" have my name correctly l...
by jane1
Thu Feb 09, 2017 8:56 am
Forum: Personal Consumer Issues
Topic: Saved too much? What do you splurge on?
Replies: 90
Views: 8886

Re: Saved too much? What do you splurge on?

Go to some lifestyle retreats (yoga, meditation, food). Stuff like this but based on your interests. You don't have to travel far. Example, http://livingwellmendocino.com Have you taken trips with grandkids - seeing the world through their eyes may be a very different experience than what you did in...
by jane1
Fri Feb 03, 2017 11:45 am
Forum: Personal Finance (Not Investing)
Topic: 1095-C
Replies: 2
Views: 277

Re: 1095-C

Were you insured for the remaining 3 'months? If so, you just indicate on your tax return that you had full year health coverage. No need to file any proof/1095-C with it. But you need to retain it for your records in case of an audit. The employer/insurance companies have a March 2 deadline to mail...
by jane1
Thu Feb 02, 2017 1:58 am
Forum: Personal Finance (Not Investing)
Topic: Employer denying HSA to eligible employee
Replies: 35
Views: 3358

Re: Employer denying HSA to eligible employee

Wow. So Spirit Rider, can the regulations you posted also be interpreted in a similar way under this scenario - Spouse 1 works for Employer A and enrolls family in HDHP but chooses not participate in Employer A HSA Spouse 2 working for Employer B is therefore an eligible individual and hence can dem...
by jane1
Thu Feb 02, 2017 12:09 am
Forum: Personal Finance (Not Investing)
Topic: How much will i need to retire in my apartment in nyc?
Replies: 35
Views: 3928

Re: How much will i need to retire in my apartment in nyc?

As others have pointed out ~$1.25M. And if you will be eligible for Social Security, the required savings drops further.
Don't forget about healthcare in your estimated spend.
by jane1
Wed Feb 01, 2017 6:06 pm
Forum: Personal Finance (Not Investing)
Topic: Employer denying HSA to eligible employee
Replies: 35
Views: 3358

Re: Employer denying HSA to eligible employee

I would think that who can participate in cafeteria plans are employer policies. For instance, if I and my spouse (married) were covered under my spouse HDHP, his employer would allow him to contribute full HSA amount. However, if he wanted to contribute half and I wanted to contribute half (even th...
by jane1
Wed Feb 01, 2017 4:10 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes in 2015 vs. Taxes in 2016
Replies: 18
Views: 1923

Re: Taxes in 2015 vs. Taxes in 2016

21.8K withholding in 2015 vs 16.8K in 2016. That is significant. Assuming this is federal withholding only? And you already said 401k, etc are the same. It seems very likely to be changes to your W-4 (although you said you didn't change). Can you do some spot-checks on your paystubs and see if it i...
by jane1
Wed Feb 01, 2017 1:07 pm
Forum: Personal Consumer Issues
Topic: Can they do better on the price of the car?
Replies: 14
Views: 1571

Re: Can they do better on the price of the car?

+1 on negotiating OTD price. Not just base price. There are so many weird "mandatory" hidden charges that a dealer can add on. Like a "protection package", extra fees they claim are mandatory (mandated by the dealership!). If you are planning to finance there may be other fees th...
by jane1
Wed Feb 01, 2017 12:12 am
Forum: Personal Finance (Not Investing)
Topic: Taxes in 2015 vs. Taxes in 2016
Replies: 18
Views: 1923

Re: Taxes in 2015 vs. Taxes in 2016

When comparing the total federal income tax withheld in 2016 vs. 2015, we had less tax withheld in 2016. Our incomes went up in 2016 so we're a bit confused why less tax was withheld from our paychecks. We file our taxes married filing jointly. We did not make any changes to filing status or allowa...
by jane1
Mon Jan 30, 2017 2:02 am
Forum: Investing - Help with Personal Investments
Topic: Please Help with 25 Year Old Daughter-In-Law.
Replies: 36
Views: 5705

Re: Please Help with 25 Year Old Daughter-In-Law.

I was raised by a single mother with a low income. Your time would be better spent encouraging her or helping find a way for her to get a better job. Use any extra money to fund college savings for the kids, and find ways to encourage them. Making weird deals on retirement savings for a person who ...
by jane1
Thu Jan 26, 2017 2:38 am
Forum: Personal Finance (Not Investing)
Topic: Saving on tax software
Replies: 15
Views: 1808

Re: Saving on tax software

I reserved TaxAct a few months ago (at 30% off) but they had a better promo (50%) this week... Where is this promotion? I cannot see on the landing page. Try the link from this thread (scroll down to Jan 25th) https://www.bogleheads.org/forum/viewtopic.php?f=11&t=206998&newpost=3210003#p320...
by jane1
Wed Jan 25, 2017 2:40 am
Forum: Personal Finance (Not Investing)
Topic: RMD and Tax questions
Replies: 8
Views: 754

Re: RMD and Tax questions

A distribution is taxable in the calendar year it was taken. For your first RMD, you were given a 3-month grace period (so you don't get subject to a penalty). But $9000 is taxable in 2017 in your case. Your 2017 RMD amount is calculated based on your IRA balance as of 12/31/2016 http://www.kiplinge...
by jane1
Wed Jan 25, 2017 2:26 am
Forum: Personal Finance (Not Investing)
Topic: Question about backdoor Roth
Replies: 12
Views: 1063

Re: Question about backdoor Roth

Ever since the law allowed it in 2010, I have been diligently contributing to my Roth IRA via the backdoor. Note I started with no deductible traditional IRA, and so the conversion of my non-deductible traditional contributions has always been tax-free. However, in October 2016, an old 403(b) accou...
by jane1
Tue Jan 24, 2017 9:12 pm
Forum: Personal Consumer Issues
Topic: Cell service abroad, what did I do wrong
Replies: 29
Views: 2409

Re: Cell service abroad, what did I do wrong

Just to mention if you use T-Mobile a lot of foreign countries SMS and data are included for free (at slower speeds) but fast enough to do basic email, maps, etc. I spent ~30 days in Europe last year for work/vacation and paid like $1 for 5 minutes of phone calls. +1 on t-mobile. I take several int...
by jane1
Sun Jan 22, 2017 3:11 am
Forum: Personal Finance (Not Investing)
Topic: State Sales Tax vs. State Income Tax
Replies: 3
Views: 731

Re: State Sales Tax vs. State Income Tax

State Sales Tax deduction often only makes sense for states where you would pay no/low income tax for your income bracket. Or when you have a major purchase (car, boat). Home purchase sales tax deduction has more restrictions. I have found that the IRS Sales Tax calculation is often generous than ac...
by jane1
Mon Jan 16, 2017 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: is a 401k loan always terrible?
Replies: 51
Views: 3581

Re: is a 401k loan always terrible?

However, I've never heard of anybody suggesting to guarantee getting nothing but low returns in a 401(k) by investing only in low-return fixed income funds. The main reason for investing is in the hope that the stock market will continue to do as it has done for its entire history, and return more ...
by jane1
Mon Jan 16, 2017 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: is a 401k loan always terrible?
Replies: 51
Views: 3581

Re: is a 401k loan always terrible?

If the entire (or most) 401k is in the bond (fixed income) portion of your asset allocation (which is recommended for tax-efficient placement), wouldn't paying yourself 4-5% be not too bad? More so, when you are reasonably confident that you can pay "loan" back. I understand things can go ...
by jane1
Tue Jan 10, 2017 11:41 am
Forum: Personal Finance (Not Investing)
Topic: File taxes with $0 income with a dependent?
Replies: 29
Views: 2140

Re: File taxes with $0 income with a dependent?

Single mother with no income. Who's paying the bills? Are they both someone's dependents? This is important if they are someone else's dependents. That person should claim them on their tax return and the Single Mom can skip filing her own return. If they cannot be claimed, as others have said, saf...
by jane1
Sun Jan 01, 2017 4:21 pm
Forum: Personal Consumer Issues
Topic: Scenic train trip?
Replies: 21
Views: 1713

Re: Scenic train trip?

Amtrak Denver to Emeryville (SF), CA has 2 scenic stretches of mountain scenery - Denver to SLC and Reno to Sacramento Amtrak LA to San Diego is mostly along the coast SF- Seattle is good but not great. Not particularly coastal even though the name suggests that Canadian Rockies is one of the most s...
by jane1
Tue Dec 27, 2016 10:02 pm
Forum: Investing - Help with Personal Investments
Topic: Question on Individual 401k and Traditional IRA
Replies: 10
Views: 403

Re: Question on Individual 401k and Traditional IRA

Note that i401k contribution deadline is mid-April tax deadline, but she needs to open the account before 12/31. There are several threads on Bogleheads about this (use search to get additional details).
by jane1
Sat Dec 24, 2016 11:58 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard transfer nightmare....
Replies: 35
Views: 3730

Re: Vanguard transfer nightmare....

If you want to avoid all transaction costs, just transfer your assets from Vanguard to any of the major discount brokerage houses like TD Ameritrade or Fidelity. Just make sure that you will qualify for free trading before you commit; they commonly allow for either a certain number of free trades (...
by jane1
Wed Dec 21, 2016 8:12 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth and basis question
Replies: 7
Views: 661

Re: Backdoor Roth and basis question

It IS very possible to have TIRA basis, yet have a 0 balance for your TIRAs. The Form 8606 Inst include a "Total Basis Chart" that indicates your TIRA basis is the amount shown on line 14 of the last 8606 filed. The back door procedure can illustrate this. Assume you make a 5500 ND contri...
by jane1
Wed Dec 21, 2016 12:02 am
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth and basis question
Replies: 7
Views: 661

Re: Backdoor Roth and basis question

You are good to go. Unrealized and realized cost basis in an investment is different from basis in IRA. Although concept is the same i.e. how much of your holding have you already paid tax on. Your IRA basis is made up on all your non-deductible contributions still within IRA. Worth understanding th...
by jane1
Tue Dec 20, 2016 8:40 pm
Forum: Investing - Help with Personal Investments
Topic: Makes No Sense to Contribute to 401K, right?
Replies: 20
Views: 2579

Re: Makes No Sense to Contribute to 401K, right?

Your question essentially comes down to whether you want to increase your tax-deferred, which you may end up paying >28% upon withdrawal with RMDs or put it in taxable (where LTCG and QD would be taxed at 15% + 3.8% NIIT or STCG and OD at ordinary rate). It would depend on your current age, your cur...
by jane1
Mon Dec 19, 2016 4:30 pm
Forum: Personal Consumer Issues
Topic: Hard Endeavor/Exercise in Middle Age
Replies: 118
Views: 7505

Re: Hard Endeavor/Exercise in Middle Age

Lot of people in their late 30s and 40s train and run a marathon for the first time. Triathlons are also popular at that age. If you live near mountains, have goals to hike/climb the tough ones. Tallest peaks in all continents, all 14ers in your state. Mountain biking, assuming you live close to suc...
by jane1
Mon Dec 19, 2016 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Job switch dilemma
Replies: 40
Views: 3362

Re: Job switch dilemma

You can never tell but there is a good chance that some or all of your kids will settle down near you when they grow up. Take at look at what it will be like for them to be trying to afford to live in that area and to buy homes there someday. Good point. I would add to that and say look at the othe...
by jane1
Mon Dec 19, 2016 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: Job switch dilemma
Replies: 40
Views: 3362

Re: Job switch dilemma

Life is too unpredictable and short. What is the point of money anyway? IMO, Happiness and satisfaction in life matters most. Taking a pay cut is in some ways similar to early retirement - you trade money for quality of life. You won't miss the $. You may blame your spouse at some point for holding ...
by jane1
Mon Dec 19, 2016 12:57 am
Forum: Investing - Help with Personal Investments
Topic: Non-Deductible IRA Contributions Could Leave You Taxed Twice
Replies: 8
Views: 1056

Re: Non-Deductible IRA Contributions Could Leave You Taxed Twice

If you do #3, you can contribute the non-deductible every year and can potentially build a good Roth balance over the years (assuming backdoor doesn't go away with any new laws). The move from IRA to 401k is a one-time hassle.
by jane1
Sun Dec 18, 2016 9:33 pm
Forum: Investing - Help with Personal Investments
Topic: Should I use 3 different brokerage firms?
Replies: 8
Views: 1091

Re: Should I use 3 different brokerage firms?

I used to have accounts at 3 different brokers. Then there is His and Her. Then IRA, Roth, Taxable and 401k. So that is close to 24 accounts. That doesn't include bank, I-bonds, employee stock. Rebalancing, TLH, wash sales, new investments all became unnecessarily more complex. So now I have simplif...
by jane1
Sun Dec 18, 2016 6:52 pm
Forum: Investing - Help with Personal Investments
Topic: Unclear on Solo 401k for very small income
Replies: 4
Views: 333

Re: Unclear on Solo 401k for very small income

This year I have opened a Fidelity Solo 401k, hoping to contribute the very small amount I have made through the year selling things on Craigslist, etc. Do I need to make a contribution before December 31st? I was going to wait until we do taxes next year, so I know the correct amount for the 'empl...
by jane1
Sun Dec 18, 2016 5:01 pm
Forum: Investing - Theory, News & General
Topic: Cost basis method with holding across multiple accounts?
Replies: 6
Views: 651

Re: Cost basis method with holding across multiple accounts?

Thank you Livesoft. Very helpful. Makes sense. Long time ago (beyond amendment period) we have done FIFO assuming combined account because wash sales were across accounts. So I guess it wasn't quite accurate. Now I know better. We still have holdings (that used that assumption) and will have to cont...
by jane1
Sun Dec 18, 2016 2:12 pm
Forum: Investing - Theory, News & General
Topic: Cost basis method with holding across multiple accounts?
Replies: 6
Views: 651

Re: Cost basis method with holding across multiple accounts?

FIFO is a subset of Specific Identification. FIFO is not a cost basis method no matter what a broker states. It is a method of specifying shares to sell. FIFO is not the only subset of Specific Identification, there are others. My understanding was FIFO is a cost basis method, and not just a way to...
by jane1
Sun Dec 18, 2016 12:01 pm
Forum: Investing - Theory, News & General
Topic: Cost basis method with holding across multiple accounts?
Replies: 6
Views: 651

Cost basis method with holding across multiple accounts?

If I have the same holding in multiple taxable accounts, are those treated as 1 single account for the purposes of cost basis method? What about if some of those accounts are held by me and some by spouse? What if one has chosen different default cost basis methods in different accounts, say Specifi...
by jane1
Sat Dec 17, 2016 2:23 am
Forum: Personal Finance (Not Investing)
Topic: Simple Math but wanted verification
Replies: 7
Views: 901

Re: Simple Math but wanted verification

Use taxcaster or some free tax software to try out scenarios. SS taxation is worth understanding. https://www.bogleheads.org/wiki/Taxation_of_Social_Security_benefits Check if they will qualify for an exception to the 10% early withdrawal penalty. https://www.irs.gov/retirement-plans/plan-participan...
by jane1
Sat Dec 17, 2016 2:17 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Roth Conversion between ex div & record date
Replies: 11
Views: 675

Re: Vanguard Roth Conversion between ex div & record date

Even if it involves a sell & buy, you will not lose the dividend since both settle T+1 . This sounds like advanced work :happy What is T+1? (and it looks like my dividends won't slip through the crack between traditional and Roth on dividend day) T+1 means a trade settles after 1 day. So if you...
by jane1
Sat Dec 17, 2016 1:41 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Roth Conversion between ex div & record date
Replies: 11
Views: 675

Re: Vanguard Roth Conversion between ex div & record date

The difficulty I have with the "transferring" between accounts and "selling" the fund is that on the Vanguard website, the directions say: Converting from a traditional IRA to a Roth IRA is considered an exchange within Vanguard funds. Select the traditional Vanguard IRA account...
by jane1
Fri Dec 16, 2016 11:44 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Roth Conversion between ex div & record date
Replies: 11
Views: 675

Re: Vanguard Roth Conversion between ex div & record date

Since you are not selling anything, just transferring between accounts, you will not miss the dividend.
My understanding is that if conversion is executed anytime before the record date, you will get dividends in the Roth. Else in IRA.
by jane1
Fri Dec 16, 2016 11:31 pm
Forum: Personal Finance (Not Investing)
Topic: Self HSA contribution
Replies: 2
Views: 333

Re: Self HSA contribution

You can also check out the HSA wiki page including list of Custodians that you can transfer your HSA funds to. May be a better long-term option than paying $5.50 fees monthly. Also search for more recent threads.
https://www.bogleheads.org/wiki/Health_savings_account
by jane1
Fri Dec 16, 2016 11:04 pm
Forum: Investing - Help with Personal Investments
Topic: Roth Conversion vs. Premium Tax Credit
Replies: 8
Views: 828

Re: Roth Conversion vs. Premium Tax Credit

Depends on your expected current and future income, tax brackets and size of IRA. If you have a large IRA and will end up being in 25% bracket when RMDs kick-in, you can at least convert to get your MAGI to 399% FPL and still get decent PTC. Running tax scenarios on a software would be the best way ...
by jane1
Fri Dec 16, 2016 10:59 pm
Forum: Investing - Help with Personal Investments
Topic: Back Door Roth contibution
Replies: 6
Views: 708

Re: Back Door Roth contibution

There is no reason you need to hurry and make the $5,500 post-tax contribution to your IRA before the end of 2016. As long as you make the contribution by April 15, 2017 you can designate the contribution for 2016 and then make another contribution for 2017. I would roll all the money in the IRA ov...
by jane1
Fri Dec 16, 2016 10:50 pm
Forum: Investing - Help with Personal Investments
Topic: Rolling Over Fidelity 401k?
Replies: 3
Views: 467

Re: Rolling Over Fidelity 401k?

Is this a 401k to 401k transfer? If so, that may be your only option. If it is a 401k to IRA transfer, and you don't want to stay out of the market with a large account value, then you could potentially try this approach. If you don't mind a 2-step process and potentially a $50-75 account closing fe...

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