Search found 17 matches

by ljwobker
Fri Feb 05, 2016 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA withdrawls of contributions - how to account/track?
Replies: 12
Views: 654

Re: Roth IRA withdrawls of contributions - how to account/track?

OK - helpful and I'm making at least some progress finding the records I need. One question/confirmation: in a number of cases I have done the "mega-backdoor" - are you saying that after 5 years I can treat that entire conversion as basis? Or do I still have to track the component of that ...
by ljwobker
Thu Feb 04, 2016 11:37 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA withdrawls of contributions - how to account/track?
Replies: 12
Views: 654

Re: Roth IRA withdrawls of contributions - how to account/track?

Argh. Is there any chance that the custodians are required to keep this information intact as money flows around? I'd like to think I keep pretty good records, but I don't have every tax form from 15+ years ago to tell me whether the last year I made a "regular contribution" was 2000 or 20...
by ljwobker
Thu Feb 04, 2016 11:03 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA basis
Replies: 19
Views: 6189

Re: Roth IRA basis

I'm re-opening/bumping this thread because I have *exactly* the same question as madbrain does immediately above me...
by ljwobker
Thu Feb 04, 2016 11:00 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA withdrawls of contributions - how to account/track?
Replies: 12
Views: 654

Re: Roth IRA withdrawls of contributions - how to account/track?

See Fairmark's Roth distribution page: http://fairmark.com/retirement/roth-accounts/roth-distributions/ See Alan S post on Roth IRA Basis: https://www.bogleheads.org/forum/viewtopic.php?p=1478231#p1478231 No, don't use the 8606 form by itself. I know your post was about Roth IRA. Do you have any as...
by ljwobker
Thu Feb 04, 2016 10:43 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA withdrawls of contributions - how to account/track?
Replies: 12
Views: 654

Roth IRA withdrawls of contributions - how to account/track?

I'm starting to think about how to fund my retirement before I get to the normal 401k/IRA 59 1/2 year old stuff. One potentially attractive idea would be to start taking funds out of my Roth IRA accounts, as they are penalty free when you withdraw the contributions (the earnings must be left in the ...
by ljwobker
Sun Dec 22, 2013 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: job change, 401k and IRA questions...
Replies: 3
Views: 224

job change, 401k and IRA questions...

Income is too high to contribute directly to a Roth, but I do a Traditional->Roth backdoor each year. I have a significant amount of money in an employer 401k account, and absent other concerns, if I changed jobs I would just roll this over into an IRA. I'm trying to understand if: 1) there's any re...
by ljwobker
Wed Jan 30, 2013 4:54 pm
Forum: Personal Finance (Not Investing)
Topic: withdrawl from 401k before 59 1/2?
Replies: 3
Views: 703

withdrawl from 401k before 59 1/2?

I'm having trouble finding anything on the interwebz that covers this... but is there a general consensus as to whether starting withdrawls (via the SEPP method) from a 401k is a reasonable part of an early retirement? It's pretty clear to me that after 59.5 (assuming the funds are built up) you get...
by ljwobker
Fri Sep 07, 2012 9:29 pm
Forum: Personal Finance (Not Investing)
Topic: 401k -> tIRA -> Roth IRA vs 401k -> Roth IRA
Replies: 8
Views: 1205

Re: 401k -> tIRA -> Roth IRA vs 401k -> Roth IRA

I got an email back today from TDA that implied they WILL accept direct transfers from a 401k into a Roth IRA... so I'm going to double check and explictly show them the URL where it says "no"... maybe there's some details missing or maybe the link is just wrong... I'll post back once I ge...
by ljwobker
Fri Sep 07, 2012 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: 401k -> tIRA -> Roth IRA vs 401k -> Roth IRA
Replies: 8
Views: 1205

Re: 401k -> tIRA -> Roth IRA vs 401k -> Roth IRA

Short version: this entire conversation involves only after tax money. Longer version: I am indeed talking of an in-service rollover of after-tax 401k funds. Unless I've lost my mind this removes the concerns about this not being the "right" decision... Regarding the TDA issue: from: https...
by ljwobker
Fri Sep 07, 2012 8:47 am
Forum: Personal Finance (Not Investing)
Topic: 401k -> tIRA -> Roth IRA vs 401k -> Roth IRA
Replies: 8
Views: 1205

401k -> tIRA -> Roth IRA vs 401k -> Roth IRA

My IRA provider (TDAmeritrade) does not allow direct roll-in's from my 401k plan, so I'm left with two suboptimal choices... 1) roll the 401k into a traditional IRA, then roll that into a Roth, all at TDA. 2) open a new Roth IRA somewhere that does allow direct roll-ins, then roll THAT Roth IRA into...
by ljwobker
Tue Sep 04, 2012 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: after-tax 401k contributions into Roth... couple more Q's...
Replies: 5
Views: 544

Re: after-tax 401k contributions into Roth... couple more Q'

Sorry - I really meant to ask about isolating the basis from the existing 401k funds. That account will have a significant amount of pre-tax money in it... my confusion is with whether/how I need to isolate the pre-tax vs. after-tax funds from that account. I've re-read the Fairmark article and it's...
by ljwobker
Tue Sep 04, 2012 9:35 am
Forum: Personal Finance (Not Investing)
Topic: after-tax 401k contributions into Roth... couple more Q's...
Replies: 5
Views: 544

Re: after-tax 401k contributions into Roth... couple more Q'

From: http://www.tdameritrade.com/faq/transfer.html *At this time, TD Ameritrade is unable to directly roll over a qualified retirement plan to a Roth IRA. Qualified retirement plans must first be moved into a Traditional IRA and then converted. The main question I'm still looking for help with is w...
by ljwobker
Mon Sep 03, 2012 10:27 pm
Forum: Personal Finance (Not Investing)
Topic: after-tax 401k contributions into Roth... couple more Q's...
Replies: 5
Views: 544

after-tax 401k contributions into Roth... couple more Q's...

So thanks to the nameless dozens whose posts I've been reading... I've just about convinced myself that taking a large chunk of salary and going the after-tax-401k --> Roth IRA path makes sense for me. I'd love to have people shoot holes in my logic if they exist, or confirm that what I understand i...
by ljwobker
Mon Sep 03, 2012 9:52 pm
Forum: Personal Finance (Not Investing)
Topic: 401k choices...
Replies: 10
Views: 1126

Re: 401k choices...

any chance your company offers a "self directed" approach? This is basically an account where you make your own investment decisions with the money that's in the account... you can buy (almost) any security within the account and still get the tax benefits. I do that with mine, and I basic...
by ljwobker
Wed Mar 10, 2010 11:27 am
Forum: Personal Finance (Not Investing)
Topic: HSA contributions: how to manage early-year expenses?
Replies: 4
Views: 816

Yeah, I think the easiest thing is to just pay from taxable funds up front, then just wait until the payroll deduction "catches up" and reimburse myself. I was used to the FSA where (at least in our version) the full amount you intended to contribute via payroll deductions was immediately ...
by ljwobker
Wed Mar 10, 2010 10:17 am
Forum: Personal Finance (Not Investing)
Topic: HSA contributions: how to manage early-year expenses?
Replies: 4
Views: 816

HSA contributions: how to manage early-year expenses?

This is our first year on the HSA, so still figuring things out. ;-( I'm setup for payroll deduction to the tune of $5k -- obviously spread out across the whole year. Our max out-of-pocket deductible for medical is $3k. I need to have (thankfully minor) surgery early this year, which will use the en...
by ljwobker
Sat Dec 06, 2008 5:49 pm
Forum: Investing - Help with Personal Investments
Topic: thoughts on depressed muni prices?
Replies: 8
Views: 2271

thoughts on depressed muni prices?

I'm looking for what people think about adding to positions in munis, specifically in the muni CEF funds that have been significantly depressed in price recently. I've got moderately large positions in several muni CEFs already (and some of them have gotten completely whacked) and I'm trying to figu...

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