Search found 650 matches

by jane1
Sat Dec 10, 2016 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: Contribution limit - 401k in job 1, 403b, 457b, defined contribution plan in job 2
Replies: 10
Views: 303

Re: Contribution limit - 401k in job 1, 403b, 457b, defined contribution plan in job 2

If you are >= 50 there is a $24K employee deferral limit across all qualified plans (401k, 403b). There is a separate $53K annual addition limit for each employer of a qualified plan. The annual addition limit is the total of employee + employer contributions. A 457b is not a qualified plan and the...
by jane1
Sat Dec 10, 2016 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: Contribution limit - 401k in job 1, 403b, 457b, defined contribution plan in job 2
Replies: 10
Views: 303

Re: Contribution limit - 401k in job 1, 403b, 457b, defined contribution plan in job 2

retiredjg wrote:I disagree about the $53k total. If the two jobs are not related, I think there are two $53k limits.


Wow, is there an IRS link confirming this?
by jane1
Sat Dec 10, 2016 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: Contribution limit - 401k in job 1, 403b, 457b, defined contribution plan in job 2
Replies: 10
Views: 303

Re: Contribution limit - 401k in job 1, 403b, 457b, defined contribution plan in job 2

Thanks. Didn't know 457b had a separate limit until I saw a reference in another thread today. So if over 50, one can contribute maximum, say, 18K+6K pre-tax to 401k/403b combined 20K is employer match 15k+6K hence pre-tax limit for 457b 5.5K+1K IRA That is a lot! Wonder why 457(b) are offered for g...
by jane1
Sat Dec 10, 2016 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: Contribution limit - 401k in job 1, 403b, 457b, defined contribution plan in job 2
Replies: 10
Views: 303

Contribution limit - 401k in job 1, 403b, 457b, defined contribution plan in job 2

If I have a 401k with employer match in my day job and a 403b, 457b and defined contribution plans in a part-time teaching job, how much can I contribute maximum tax-deferred in each one? Somehow I thought it was 18K combined (+6K if greater than age 50). But it appears that is no longer correct. Do...
by jane1
Sat Dec 10, 2016 11:37 am
Forum: Investing - Help with Personal Investments
Topic: Simplest Solo 401k to setup and manage
Replies: 11
Views: 336

Re: Simplest Solo 401k to setup and manage

TDAmeritrade is another option. Allows incoming rollovers. IVV trades commission free with 0.04% ER and can sign up to DRIP dividends. You do have to mail contributions. +1 on TDA. They also have numerous vanguard ETFs that are commission free including VTI, BND. Allows Roth 401k and I recently com...
by jane1
Sat Dec 10, 2016 10:26 am
Forum: Investing - Help with Personal Investments
Topic: Long-Term Gains and taxes (early retirement strategy)
Replies: 7
Views: 534

Re: Long-Term Gains and taxes (early retirement strategy)

To effectively avoid Capital Gains on these appreciated shares, I've decided on making my normal yearly charitable donations via this stock but the reinvested dividends purchasing new shares keep up with the depleted shares (a good problem to have). Why don't you stop reinvesting dividends in this ...
by jane1
Sat Dec 10, 2016 1:43 am
Forum: Personal Consumer Issues
Topic: Physician went out of network. Now I have a bill to pay. What to do
Replies: 53
Views: 3234

Re: Physician went out of network. Now I have a bill to pay. What to do

In the past, after using website to search for doctors, I have called the doctor's office and found they were no longer accepting xyz insurance plan. I then used the website's notification link (asking about changes to the provider directory) on multiple occasions to indicate what I learnt (drop a p...
by jane1
Fri Dec 09, 2016 9:01 pm
Forum: Personal Consumer Issues
Topic: Vacation ideas in Europe or South America - Feb 18-25??
Replies: 9
Views: 538

Re: Vacation ideas in Europe or South America - Feb 18-25??

Avoid Europe and N Africa. Cold and shorter days. Depends on where you are flying from. We had done several trips to S.Am. where you take a 8-10 hr non-stop flight leaving in the evening and arriving next morning. Same for revserse. Since there isn't as much time zone difference between US and S.Am....
by jane1
Fri Dec 09, 2016 3:07 pm
Forum: Personal Consumer Issues
Topic: Christmas Gift to my boss. What book?
Replies: 14
Views: 904

Re: Christmas Gift to my boss. What book?

If they are readers, Algorithms to Live by? It is not funny or short though.
https://www.amazon.com/Algorithms-Live- ... 8&qid=&sr=
by jane1
Fri Dec 09, 2016 2:28 pm
Forum: Personal Consumer Issues
Topic: Money and Phone Abroad
Replies: 23
Views: 1814

Re: Money and Phone Abroad

I've decided to: 1) Credit card - Stick with CaptialOne as mentioned. She has the card already and there's no fee. 2) ATM/Debit card - I'm just going to open a Joint Account (I think her as primary to get her credit up since she is a student) at Schwab. I just confirmed there is no ATM fee (they re...
by jane1
Fri Dec 09, 2016 1:27 pm
Forum: Investing - Help with Personal Investments
Topic: HSA - is keeping 40 years of medical records practical?
Replies: 77
Views: 3845

Re: HSA - is keeping 40 years of medical records practical?

OP, my plan is to withdraw in years I have large qualified medical expenses, but below itemized levels. For years with smaller expenses, I don't bother since it is one more thing to report on the tax return and I can let it grow tax deferred. I will use HSA to pay for Medicare premiums. HSA is and w...
by jane1
Fri Dec 09, 2016 12:17 pm
Forum: Personal Consumer Issues
Topic: Which country in Africa to visit?
Replies: 63
Views: 3187

Re: Which country in Africa to visit?

Looks like now there are some round-trip tickets to Marrakech (Morocco) under $1,000, with a change of airports in London (LGW & LHR) and 11 hour layover in London. Spending 3 days in Marrakech and two nights in desert tour sound interesting to me. Does anyone have first-hand information about ...
by jane1
Fri Dec 09, 2016 12:05 pm
Forum: Investing - Help with Personal Investments
Topic: 401K to Roth Ira conversion
Replies: 19
Views: 864

Re: 401K to Roth Ira conversion

No problem doing the rollover from 401K to IRA and then convert partial to roth in the same year? I don't think so, but I was thinking you would do a partial rollover from your 401(k) to a traditional IRA, then do a full rollover to a Roth, leaving the traditional IRA empty for next year. Livesoft,...
by jane1
Fri Dec 09, 2016 12:18 am
Forum: Investing - Help with Personal Investments
Topic: Schwab retirement quote on 4 mil. Advice??? Can I do better?
Replies: 28
Views: 4001

Re: Schwab retirement quote on 4 mil. Advice??? Can I do better?

If you handled real estate investment business yourself, this would definitely be doable. And since it is all in a taxable account, it makes it simpler, not having to optimize allocation and withdrawal from IRA, Roth, taxable, etc. Choose a simple 3-fund portfolio. Make minor adjustments for the fac...
by jane1
Thu Dec 08, 2016 10:53 pm
Forum: Investing - Help with Personal Investments
Topic: 401K to Roth Ira conversion
Replies: 19
Views: 864

Re: 401K to Roth Ira conversion

Your strategy will also depend on where you expect to be (tax wise) once you take SS and RMDs kick in. And access to spending money (in taxable accounts) for the next few years. Remember in your second approach, even though you don't pay tax on your dividends for the next few years, you may end up p...
by jane1
Thu Dec 08, 2016 8:54 pm
Forum: Investing - Help with Personal Investments
Topic: Is son's taxable income high enough to contribute to Roth after maxing out 401k?
Replies: 15
Views: 1196

Re: Is son's taxable income high enough to contribute to Roth after maxing out 401k?

Box 11 are non-qualified plans. Box 12 are qualified plans like 401k. And those are already subtracted from gross income before being put in Box 1 wages. The article you quoted, asks to subtract Box 11. Your son has nothing in box 11. Think of it this way. IRS does not want you to put more money int...
by jane1
Thu Dec 08, 2016 8:31 pm
Forum: Investing - Help with Personal Investments
Topic: 2017 Finance Changes for Me
Replies: 13
Views: 1270

Re: 2017 Finance Changes for Me

bdrolan wrote:Anyone? Just looking for some ideas I haven't thought of and pros/cons I could've missed.


You may not be getting responses since lot of us (including me) are not necessarily familiar with TSP funds - C, S, I, etc...
by jane1
Thu Dec 08, 2016 7:31 pm
Forum: Investing - Help with Personal Investments
Topic: Is son's taxable income high enough to contribute to Roth after maxing out 401k?
Replies: 15
Views: 1196

Re: Is son's taxable income high enough to contribute to Roth after maxing out 401k?

Yes good with full Roth contribution.
Good catch Livesoft, he would likely qualify for Saver's credit.
by jane1
Thu Dec 08, 2016 7:10 pm
Forum: Investing - Help with Personal Investments
Topic: Verify my Backdoor Roth Procedure
Replies: 5
Views: 277

Re: Verify my Backdoor Roth Procedure

See if you can figure out the paperwork first. If you can't make the paperwork work right with a pencil, don't do the back door. Lots of people mess it up. What paperwork do you mean, and how do I "figure it out" haha. I'm not being a jerk I'm really wondering what you mean. I posted here...
by jane1
Thu Dec 08, 2016 7:03 pm
Forum: Investing - Help with Personal Investments
Topic: Verify my Backdoor Roth Procedure
Replies: 5
Views: 277

Re: Verify my Backdoor Roth Procedure

Note your IRAs are indendepent of your wife's IRA (note the word Individual in IRA) So if she is able rollover her IRA to her current 401k, it may make sense to do her Roth. It doesn't depend on whether you have an IRA. Even if you file taxes jointly, form 8606 is filed for each one separately.
by jane1
Thu Dec 08, 2016 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: Treasury Direct Conundrum
Replies: 19
Views: 1472

Re: Treasury Direct Conundrum

I signed up for a Treasury Direct online account a few days ago. They sent me back an email message saying that I have to fill out a form to verify my identity and get a signature guaranteed stamp for it. I can't get a stamp without showing a current account statement. Curious, who asked for the cu...
by jane1
Thu Dec 08, 2016 5:02 pm
Forum: Investing - Help with Personal Investments
Topic: Telephoning Vanguard
Replies: 42
Views: 2207

Re: Telephoning Vanguard

They must be prioritizing the call queue based on status. That would explain why some are reporting short hold times and others long.
I called them yesterday and got a rep instantly. No hold. Same thing a few days back.
I typically call once the market is closed.
by jane1
Thu Dec 08, 2016 1:13 am
Forum: Investing - Help with Personal Investments
Topic: Retiring in a Decade after Graduation
Replies: 82
Views: 6575

Re: Retiring in a Decade after Graduation

I am not going to comment on OP's goal, although I would encourage OP to think more about it since things change with time and as we age. Now for the means - the thing that will really make it feasible is an equal/greater earning partner/spouse who has somewhat similar goals (or enjoys work and will...
by jane1
Wed Dec 07, 2016 8:17 pm
Forum: Investing - Theory, News & General
Topic: BND partial month dividend after sale & account transfer
Replies: 3
Views: 216

Re: BND partial month dividend after sale & account transfer

Thanks. I must have mixed up Bond ETF and MF. I guess it simplifies life in this case! Note to self - I shouldn't trust non-Bogleheads sites for such info even if they reference Bogleheads. Here the question was about ETFs but information was provided about mutual fund. http://money.stackexchange.co...
by jane1
Wed Dec 07, 2016 7:12 pm
Forum: Investing - Theory, News & General
Topic: BND partial month dividend after sale & account transfer
Replies: 3
Views: 216

BND partial month dividend after sale & account transfer

Hi, In order to transfer assets from IRA to 401k, I had to sell all assets (per incoming employer 401k rules). As part of this I sold, say, 1000 shares of BND on 11/25. Once trade settled on 11/30, the IRA custodian cut a check that will be deposited in the 401k (same custodian). My question is, wha...
by jane1
Wed Dec 07, 2016 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: HELP: salary negotiation
Replies: 17
Views: 2128

Re: HELP: salary negotiation

Hope they have a 401k plan (even if no match). Is it the same vacation, holiday, time-off? If they are not budging on base salary, and time-off is very important to you, negotiate an extra week per year. Sometime companies/managers don't want cash out the door, but are ok with non-cash compensation....
by jane1
Tue Dec 06, 2016 10:46 pm
Forum: Personal Finance (Not Investing)
Topic: Affordable Care Act question - would greatly appreciate assistance
Replies: 27
Views: 2004

Re: Affordable Care Act question - would greatly appreciate assistance

Pure speculation below, since everything indicates she should be eligible for subsidy... Maybe they didn't build the healthcare.gov software to calculate subsidies when you have employer provided insurance. Although they should have put in a note. Seems like there is a separate offline process. Coul...
by jane1
Tue Dec 06, 2016 8:00 pm
Forum: Personal Finance (Not Investing)
Topic: Affordable Care Act question - would greatly appreciate assistance
Replies: 27
Views: 2004

Re: Affordable Care Act question - would greatly appreciate assistance

Depending on her library insurance plan, what the hotline might have been telling her is that she is actually better off with her library insurance than get an ACA subsidized plan. Since lot of ACA plans have seen a sharp increase in premiums this year, my guess is that for a plan comparable to her ...
by jane1
Mon Dec 05, 2016 4:41 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity or Vanguard
Replies: 44
Views: 2945

Re: Fidelity or Vanguard

Fidelity definitely has better technology and customer service. And it helps occassionally to have a local branch. We recently did multiple asset transfers between Fidelity, Vanguard and TD Ameritrade. Dealing with Fido was easiest and most time-efficient. Vanguard with its need of medallion signatu...
by jane1
Mon Dec 05, 2016 4:19 pm
Forum: Investing - Help with Personal Investments
Topic: Help placing limit order for BND
Replies: 45
Views: 2584

Re: Help placing limit order for BND

[ Same thread Livesoft says bottom is a few weeks away! ... Careful, those were not my exact words. Livesoft, what software/broker do you use for the historical actual trade 12:01:30, spread, etc. TD Ameritrade, Level II quotes, something else? I use the TradeArchitect tool at TDAmeritrade. Here is...
by jane1
Mon Dec 05, 2016 2:11 pm
Forum: Investing - Help with Personal Investments
Topic: Help placing limit order for BND
Replies: 45
Views: 2584

Re: Help placing limit order for BND

BTW, I missed the memo that the bond market has bottomed: https://www.bogleheads.org/forum/viewtopic.php?f=10&t=204114 That was fredflinstone. :happy Same thread Livesoft says bottom is a few weeks away! I am waiting before my large purchase from cash to bonds. Livesoft, what software/broker do...
by jane1
Sun Dec 04, 2016 12:50 pm
Forum: Personal Consumer Issues
Topic: Which country in Africa to visit?
Replies: 63
Views: 3187

Re: Which country in Africa to visit?

Morocco, Egypt or South Africa based on what you are comfortable with. If you like history, Egypt can't be beaten. It was one of my favorite trips. Don't miss Luxor. Both Morocco and Eqypt are different culturally from western nations. I loved Casablanca. I am partial to choosing one of them for a 7...
by jane1
Sat Dec 03, 2016 8:19 pm
Forum: Personal Finance (Not Investing)
Topic: possible to do IRA to Roth conversion & Roth withdrawals?
Replies: 15
Views: 791

Re: possible to do IRA to Roth conversion & Roth withdrawals?

This doesn't make sense to me. Why would you make a withdrawal from your Roth IRA to pay the taxes on a Roth conversion? because I have no assets that aren't in either Roth or TIRA or 401k. From my note above "Wouldn't converting a smaller amount (difference between your intended conversion an...
by jane1
Sat Dec 03, 2016 7:08 pm
Forum: Personal Finance (Not Investing)
Topic: Should I move in order to save on taxes?
Replies: 21
Views: 2073

Re: Should I move in order to save on taxes?

Be where you would like to live. At 26, you can take chances. Where have you always wanted to live? Move there. Don't let state income tax dictate everything. You may end up with higher property tax (or rent) or higher sales tax, gasoline tax, etc. States need to have revenue sources. That said, I p...
by jane1
Sat Dec 03, 2016 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: Forgotten Carryover Losses Reportable?
Replies: 4
Views: 331

Re: Forgotten Carryover Losses Reportable?

Is this a loss from a worthless security? If so, you have 7 years to do amended returns as opposed to standard 3 years for other amended returns. From IRS.gov (Google this to find exact reference) "Filing a claim for refund. If you do not claim a loss for a worthless security on your original r...
by jane1
Sat Dec 03, 2016 11:04 am
Forum: Personal Consumer Issues
Topic: Amazon Prime Getting Stingy?
Replies: 85
Views: 9284

Re: Amazon Prime Getting Stingy?

I ordered somethings from Amazon on 26th (1 week ago) that has not yet been shipped (says preparing for shipment for several days now). It is supposed to arrive Dec 1-6. I am not a Prime member. At this stage I am not confident if it will arrive by 6th. I also ordered from multiple other stores even...
by jane1
Fri Dec 02, 2016 5:05 pm
Forum: Personal Consumer Issues
Topic: Asia travel
Replies: 13
Views: 1143

Re: Asia travel

How long is your trip? If it is long trip, it may get start getting very hot in parts of Asia, so plan accordingly. I agree with other posters. Just book the in and out long segments and stay flexible when it comes to shorter flights. In addition to one way flights, you can look at multi city flight...
by jane1
Fri Dec 02, 2016 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: Open enrollment period - HSA or no-HSA insurance - with upcoming surgery
Replies: 9
Views: 747

Re: Open enrollment period - HSA or no-HSA insurance - with upcoming surgery

Dodecahedron has summed it nicely. I have calculated break-even points for your 3 options. In general, for your insurance options, if you have no expected medical conditions, choose HSA2. And if you have expected medical procedures, go with non-HSA. If you have any regular expensive Rx, but not proc...
by jane1
Thu Dec 01, 2016 7:35 pm
Forum: Personal Finance (Not Investing)
Topic: possible to do IRA to Roth conversion & Roth withdrawals?
Replies: 15
Views: 791

Re: possible to do IRA to Roth conversion & Roth withdrawals?

When I start collecting social security (age 70) I would like to do a conversion of IRA's of $50k/yr AND a withdrawal from Roth to pay taxes and for living expenses. Can one do conversions and withdrawals in the same year? Do note that after 70.5, you will have RMDs anyway, and then you can do addi...
by jane1
Thu Dec 01, 2016 7:01 pm
Forum: Personal Finance (Not Investing)
Topic: Open enrollment period - HSA or no-HSA insurance - with upcoming surgery
Replies: 9
Views: 747

Re: Open enrollment period - HSA or no-HSA insurance - with upcoming surgery

What is your marginal tax rate (FICA, Fed, State)? What state are you in (some states do not recognize HSAs)? Are you able to contribute at Single or Family max for HSA?
by jane1
Wed Nov 30, 2016 2:22 am
Forum: Personal Finance (Not Investing)
Topic: Relocating from NY to CA for a job offer
Replies: 51
Views: 4208

Re: Relocating from NY to CA for a job offer

Adptnt if you decide to move take a look at Pleasanton.Great city,tree lined streets,parks and a great, quaint downtown.The Livermore wine country is 10 minutes away if you are in to that.Good schools,BART trains to San Francisco.A decent commute time and your family is removed from Silicon Valley....
by jane1
Tue Nov 29, 2016 6:36 pm
Forum: Investing - Help with Personal Investments
Topic: Is this a tax-efficient 70/30 asset allocation approach?
Replies: 38
Views: 2468

Re: Is this a tax-efficient 70/30 asset allocation approach?

Good start. 70/30 asset allocation typically includes funds in your bank (minus emergency funds). Since you will continue to have 400-500K in bank, that can be considered part of your fixed income portfolio. Hence your 100K can go 100% into stock if you are comfortable. Skip bonds at this stage? Mov...
by jane1
Tue Nov 29, 2016 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Rate Question
Replies: 7
Views: 593

Re: Tax Rate Question

Make sure you understand how tax brackets work. Only incremental income is taxed at the higher brackets. The numbers in your example seem wrong... one does not pay 29K in taxes on 116K income. Unlikely they can save 18K in fed taxes by putting 28K in their 401k. More likely it would be 7K in savings...
by jane1
Mon Nov 28, 2016 1:30 am
Forum: Personal Finance (Not Investing)
Topic: Relocating from NY to CA for a job offer
Replies: 51
Views: 4208

Re: Relocating from NY to CA for a job offer

With all the other long-term career advantages, go for it. With 180K base, great benefits and bonus/equity, you would be fine. If you may want to move back to NY at some point, renting would be good option. Where in Silicon Valley? In good school districts, you would be looking at about 4-5k per mo...
by jane1
Sat Nov 26, 2016 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: Relocating from NY to CA for a job offer
Replies: 51
Views: 4208

Re: Relocating from NY to CA for a job offer

With all the other long-term career advantages, go for it. With 180K base, great benefits and bonus/equity, you would be fine. If you may want to move back to NY at some point, renting would be good option. Where in Silicon Valley? In good school districts, you would be looking at about 4-5k per mon...
by jane1
Sat Nov 26, 2016 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: World Travel Insurance, Worth it?
Replies: 35
Views: 2430

Re: World Travel Insurance, Worth it?

We hadn't until now but as we are getting older, chances of needing this has increased. So I will be watching this thread closely. The biggest thing for me would be reviews from travelers who have filed claims and ease of actually getting any benefit/payout. I would choose services provided directly...
by jane1
Wed Nov 23, 2016 7:40 pm
Forum: Personal Consumer Issues
Topic: Auto Insurance: Liability only vs Collision/Comprehensive
Replies: 4
Views: 419

Re: Auto Insurance: Liability only vs Collision/Comprehensive

For additional $270 per year, you may want to keep the collision/comprehensive for a couple more years. Given that you have $1M liability coverage, I am guessing you have assets/income (and hence can likely afford this $270 payment easily). You may also be able to hold on to comprehensive coverage a...
by jane1
Fri Nov 18, 2016 6:32 pm
Forum: Personal Finance (Not Investing)
Topic: Help Gifting Appreciated Stock (non-charity)
Replies: 6
Views: 448

Re: Help Gifting Appreciated Stock (non-charity)

A related question. Hope I am not threadjacking here. So if a couple with LTCG taxed at say Fed 15% (+9.3% state + 3.8% NIIT tax) has a friend/relative at 0%, they can gift highly appreciated stock to the friend/relative? $28K per year without gift tax. And then friend can gift them back $28K? In th...
by jane1
Fri Nov 18, 2016 6:07 pm
Forum: Personal Consumer Issues
Topic: Driving from San Jose to San Diego - Where to Stop
Replies: 18
Views: 1360

Re: Driving from San Jose to San Diego - Where to Stop

Are you hoping to reach San Diego on the same day? If so, you probably need to take I-5 (boring but fast). Make sure you time your drive through LA to avoid rush hours, although there always seems to be traffic! Maybe take a dinner break in LA. If you take Hwy 1 (or even 101), it might be tough to r...

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