Search found 797 matches

by mcraepat9
Tue Feb 20, 2018 3:06 pm
Forum: Investing - Help with Personal Investments
Topic: What funds would you pick for 401k?
Replies: 8
Views: 447

Re: What funds would you pick for 401k?

Hi All! I've been contributing my employer match to my 401k, however, I'm not sure what the best funds are (if any at all) Plenty of good funds here. . Based on this I did not want to contribute more than the 5% match. I need some help to determine if I should continue to just do the 5% match (and ...
by mcraepat9
Tue Feb 20, 2018 2:41 pm
Forum: Investing - Help with Personal Investments
Topic: What funds would you pick for 401k?
Replies: 8
Views: 447

Re: What funds would you pick for 401k?

You're not going to get many responses with the format of your original post - it is best to copy paste the title of each fund with ticker symbol (if available) and expense ratio. That will generate many more responses.
by mcraepat9
Tue Feb 20, 2018 9:37 am
Forum: Investing - Help with Personal Investments
Topic: Solo 401k Question
Replies: 14
Views: 871

Re: Solo 401k Question

ANKLEDEEP wrote:
Tue Feb 20, 2018 8:02 am
Spirit Rider wrote:
Tue Feb 20, 2018 2:41 am
Why are you in such a hurry to roll a Roth 401k to a Roth IRA. RMDs do not start until the year you turn 70 1/2.
I didn’t think you had RMD’s with any Roth accounts? Only with Traditional?
This isn't true - Roth 401ks do have RMDs, but can be avoided by rolling into a Roth IRA.
by mcraepat9
Tue Feb 20, 2018 9:34 am
Forum: Personal Finance (Not Investing)
Topic: Cut down on retirement savings to build emergency fund
Replies: 20
Views: 1136

Re: Cut down on retirement savings to build emergency fund

I would max everything but keep your Roth IRA contributions in more cash-like instruments (i.e. not invested in equities) and once you have built up an E-fund outside of the Roth (even if it goes slower than it would without maxing), then you can invest your Roth IRA in equities or whatever your AA ...
by mcraepat9
Wed Feb 14, 2018 6:20 pm
Forum: Personal Finance (Not Investing)
Topic: Legal Docs
Replies: 16
Views: 1299

Re: Legal Docs

I am a retired attorney, but I didn't practice in the estate area. I am very frugal. I still paid attorneys at least three times to prepare wills and associated documents. Each time, I learned more about what I didn't previously know. Using an attorney familiar with your state's laws is particularl...
by mcraepat9
Wed Feb 07, 2018 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: NYC Taxes for Surgical Resident
Replies: 78
Views: 3594

Re: NYC Taxes for Surgical Resident

At the very least, you'll have to pay taxes on the days you work there, and the apartment could get you in trouble. A hotel, sublet or airbnb might help the case that you're not a part time resident. There are firms that specialize in these issues, but given the type of clientele that needs them, I...
by mcraepat9
Sat Jan 27, 2018 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: Ways to Protect Assets Without a Prenup
Replies: 48
Views: 3418

Re: Ways to Protect Assets Without a Prenup

Don't worry about the Roth IRA and your 401(k). They're individual accounts, though you may wish to name your wife as beneficiary. If she doesn't have a Roth IRA, she should have one, with contributions coming from your combined annual income. Not you may want to name your wife as beneficiary but y...
by mcraepat9
Thu Jan 25, 2018 4:07 pm
Forum: Investing - Help with Personal Investments
Topic: Any thoughts on Wealthfront for IRA?
Replies: 6
Views: 577

Re: Any thoughts on Wealthfront for IRA?

Illogical - Wealthfront's most useful feature is automated tax loss harvesting, which adds no value to you in an IRA.
by mcraepat9
Thu Jan 25, 2018 10:16 am
Forum: Investing - Help with Personal Investments
Topic: 403(b) rollover to Solo 401(k) - Withholding?
Replies: 6
Views: 325

Re: 403(b) rollover to Solo 401(k) - Withholding?

Thanks all - found out it was the forfeiting of unvested portions of the 403(b) that just coincidentally happened to be 20% of the total. Appreciate the guidance.
by mcraepat9
Tue Jan 23, 2018 8:16 pm
Forum: Investing - Help with Personal Investments
Topic: 403(b) rollover to Solo 401(k) - Withholding?
Replies: 6
Views: 325

Re: 403(b) rollover to Solo 401(k) - Withholding?

If that happened x needs to determine why it happened. Could have been a combination of errors and even if the 403 b plan was 100% at fault, it unlikely x will get any more than an apology. However, x would still have the option to complete the rollover using other funds. X has 60 days from the dat...
by mcraepat9
Tue Jan 23, 2018 8:13 pm
Forum: Investing - Help with Personal Investments
Topic: 403(b) rollover to Solo 401(k) - Withholding?
Replies: 6
Views: 325

Re: 403(b) rollover to Solo 401(k) - Withholding?

This was done as a direct rollover - the participant never received a check. The 403(b) provider sent a check directly to the solo 401(k) provider.
by mcraepat9
Tue Jan 23, 2018 1:44 pm
Forum: Investing - Help with Personal Investments
Topic: 403(b) rollover to Solo 401(k) - Withholding?
Replies: 6
Views: 325

403(b) rollover to Solo 401(k) - Withholding?

Here is the scenario: X has a traditional 403(b) from an old W-2 job that she departed about 11 months ago. X also has 1099 income from a side job, so she opened a solo 401(k) before 12/31/17 (she applied for an EIN, which was required by Fidelity to open the solo 401k, but she is a sole proprietor)...
by mcraepat9
Sat Jan 20, 2018 1:31 pm
Forum: Investing - Help with Personal Investments
Topic: 32/M seeking advice on investing excess income in non-retirement accounts after maxing out 401K/IRA
Replies: 10
Views: 823

Re: 32/M seeking advice on investing excess income in non-retirement accounts after maxing out 401K/IRA

I’m a 32/M living in NYC and am seeking advice on how to invest excess income in non-retirement accounts after maxing out 401K and IRA and creating an emergency fund. Welcome! We are very similar in age and location. I’m currently investing savings/leftover income across Total US, Total Intl. and B...
by mcraepat9
Thu Jan 18, 2018 5:52 am
Forum: Personal Consumer Issues
Topic: Short Commute or Nicer House?
Replies: 142
Views: 7690

Re: Short Commute or Nicer House?

What is your gut telling you? This is one of those decisions that is essentially "you do you". If you want the big house, then go for it. If you value your time and don't assign as much value to the suburban lifestyle, then go for the more urban option. You know you better than anyone on this forum....
by mcraepat9
Thu Jan 11, 2018 11:11 am
Forum: Personal Finance (Not Investing)
Topic: Somewhat rhetorical question...
Replies: 10
Views: 766

Re: Somewhat rhetorical question...

Computershare's main business is being a registrar and transfer agent for the stock of publicly traded companies. They handle all the recordkeeping, stockholder rolls, direct share purchase program, DRIPs, ESPPs etc. for the companies that employ them. When you buy stock at a brokerage, it is held i...
by mcraepat9
Mon Jan 08, 2018 11:45 am
Forum: Personal Consumer Issues
Topic: Are Password Managers Really Necessary?
Replies: 129
Views: 7123

Re: Are Password Managers Really Necessary?

Yes a password manager is necessary. When a hack happens to you and you lose money, are your friends going to make you whole and give you back $$$? Will your password manager provider give you your $$$ back if they are hacked and lose your credentials? Perhaps that was a poor argument, since passwo...
by mcraepat9
Mon Jan 08, 2018 11:22 am
Forum: Personal Consumer Issues
Topic: Are Password Managers Really Necessary?
Replies: 129
Views: 7123

Re: Are Password Managers Really Necessary?

Yes a password manager is necessary. When a hack happens to you and you lose money, are your friends going to make you whole and give you back $$$? Credit card fraud I agree is a bit of a red herring - i am concerned mostly about my bank account and brokerage accounts. There was a point in time when...
by mcraepat9
Mon Jan 08, 2018 11:19 am
Forum: Personal Finance (Not Investing)
Topic: On-line legal documents...good?
Replies: 12
Views: 835

Re: On-line legal documents...good?

For important things like wills and trusts (maybe medical POAs if there isn't a standard form in your state), I would use a qualified trusts and estates attorney in your jurisdiction. Maybe online works, maybe it doesn't - you probably will never know it since you may be dead or incapacitated at pre...
by mcraepat9
Tue Jan 02, 2018 11:46 pm
Forum: Investing - Help with Personal Investments
Topic: First HSA: Any Hints, Tips Or Tricks?
Replies: 6
Views: 709

Re: First HSA: Any Hints, Tips Or Tricks?

If you plan on keeping receipts forever, make sure you scan them in. They will fade if you expect to keep them in paper form.
by mcraepat9
Fri Dec 29, 2017 3:50 pm
Forum: Investing - Help with Personal Investments
Topic: How best to invest $8K per month?
Replies: 10
Views: 1847

Re: How best to invest $8K per month?

If your preferred asset allocation is 80% stocks / 20% bonds, is there a reason you would not maintain that allocation with your $8k per month in taxable?
by mcraepat9
Thu Dec 28, 2017 4:16 pm
Forum: Investing - Help with Personal Investments
Topic: First job! New investor!
Replies: 8
Views: 453

Re: First job! New investor!

How big is the pension you expect to receive? Will you still be living in CA (or another high tax state) when you retire? I know it's hard to project out that far, but one of the big problems with Roth 403(b) is that you are prepaying state income taxes without knowing if you will ever have to pay t...
by mcraepat9
Sat Dec 23, 2017 11:23 am
Forum: Investing - Help with Personal Investments
Topic: Problem donating VTSAX shares to Schwab Charitable
Replies: 19
Views: 950

Re: Problem donating VTSAX shares to Schwab Charitable

I have a Fidelity DAF and mutual funds and ETFs at Vanguard. I have never been able to "push" securities from my Vanguard taxable account to my Fidelity DAF. I've called Vanguard numerous times and get told every time that Fidelity Charitable must "pull".
by mcraepat9
Sun Dec 17, 2017 1:53 pm
Forum: Investing - Help with Personal Investments
Topic: Same Target Date Fund in TWO places, stay or change?
Replies: 4
Views: 417

Re: Same Target Date Fund in TWO places, stay or change?

The target date fund is already diversified. There's nothing wrong with having the same TDF in multiple accounts (obviously the asset allocation needs to work for you - so that's a different question). The issue that you should focus on is whether a target date fund in a taxable account is the right...
by mcraepat9
Sun Dec 17, 2017 1:01 am
Forum: Investing - Help with Personal Investments
Topic: Placement of Total International Stock Fund for tax efficiency.
Replies: 7
Views: 1409

Re: Placement of Total International Stock Fund for tax efficiency.

The answer to this question depends mostly on your tax bracket. Need to refer to triceratop's relative tax efficiency post for the google spreadsheet doc to calculate:

viewtopic.php?t=208818
by mcraepat9
Wed Dec 13, 2017 3:51 pm
Forum: Investing - Help with Personal Investments
Topic: Taxable vs. Tax Deferred - not much difference?
Replies: 56
Views: 4428

Re: Taxable vs. Tax Deferred - not much difference?

Just from a logic perspective, how do contribution limits negate the benefits? Agree, this is seems to be a confusing statement. I guess in theory if the contribution limit were $100 per year, you might have some sort of cost-benefit analysis that would counsel against spending your time with 401k ...
by mcraepat9
Sun Dec 10, 2017 11:01 am
Forum: Investing - Theory, News & General
Topic: Schwab 25% Cheaper than Vanguard?
Replies: 13
Views: 1534

Re: Schwab 25% Cheaper than Vanguard?

TheTimeLord has flagged the key question here... the answer is no.
by mcraepat9
Sat Dec 09, 2017 8:15 pm
Forum: Personal Finance (Not Investing)
Topic: Prepayment of SALT Taxes? [State and Local]
Replies: 270
Views: 24182

Re: Prepayment of SALT Taxes? [State and Local]

Similar question-- wouldn't those subject to AMT be better off NOT pre-paying property tax and state income tax in 2017, given that the AMT is likely to go away in 2018 thus allowing deductions in 2018 that would have been negated by AMT in 2017? Interesting thought. I think the problem I have unde...
by mcraepat9
Sat Dec 09, 2017 6:57 pm
Forum: Personal Finance (Not Investing)
Topic: Prepayment of SALT Taxes? [State and Local]
Replies: 270
Views: 24182

Re: Prepayment of SALT Taxes? [State and Local]

I've been playing with Turbotax. The very short answer that seems to be the case for me, is that if you are subject to AMT solely because of SALT deductions, I'm not sure that prepaying 2018 taxes (assuming it can be done) helps much. FWIW, I am I have an AGI of ~$400,000 and deductible SALT taxes o...
by mcraepat9
Wed Dec 06, 2017 5:09 pm
Forum: Investing - Help with Personal Investments
Topic: 3 fund vs Target
Replies: 10
Views: 783

Re: 3 fund vs Target

The very short and simple answer: if all your investments are in tax-advantaged accounts, a low-cost target fund is usually the best option because it automatically handles rebalancing and is more "set it and forget it". Once you spill over into taxable investments, it is usually advisable to utili...
by mcraepat9
Wed Dec 06, 2017 4:06 pm
Forum: Investing - Help with Personal Investments
Topic: 3 fund vs Target
Replies: 10
Views: 783

Re: 3 fund vs Target

The very short and simple answer: if all your investments are in tax-advantaged accounts, a low-cost target fund is usually the best option because it automatically handles rebalancing and is more "set it and forget it". Once you spill over into taxable investments, it is usually advisable to utiliz...
by mcraepat9
Wed Dec 06, 2017 10:51 am
Forum: Investing - Help with Personal Investments
Topic: Another backdoor ROTH question
Replies: 1
Views: 188

Re: Another backdoor ROTH question

Yes you can

Yes those are the steps
by mcraepat9
Tue Dec 05, 2017 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: Prepayment of SALT Taxes? [State and Local]
Replies: 270
Views: 24182

Re: Prepayment of SALT Taxes? [State and Local]

I can personally vouch that the CA Franchise Tax Board online payment systems for estimated taxes allows you to choose which tax year it applies to, and that includes 2018. Tragically AMT limits how much some can pay... but I paid every 2018 penny I could. Massive Charitable Donor Funding helps low...
by mcraepat9
Tue Dec 05, 2017 3:09 pm
Forum: Personal Finance (Not Investing)
Topic: Prepayment of SALT Taxes? [State and Local]
Replies: 270
Views: 24182

Re: Prepayment of SALT Taxes? [State and Local]

Hi Mcraepat9, Which form is for 2018 NYS estimated payment? I see only 2017 forms on the website. Thanks PDF forms not available yet - if you have an account with NYS DTF (if you don't, create one) and then try to make an estimated tax payment. It will show you are able to pay through Q3 2018. On t...
by mcraepat9
Tue Dec 05, 2017 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: Prepayment of SALT Taxes? [State and Local]
Replies: 270
Views: 24182

Re: Prepayment of SALT Taxes? [State and Local]

I've seen articles that suggest prepaying property taxes this year (in municipalities that allow prepayments), but I have not seen any mention of prepaying SALT taxes. My question - is it possible to prepay estimated 2018 SALT taxes this year? i.e. will I be able to deduct the full amount of any pr...
by mcraepat9
Mon Dec 04, 2017 10:19 am
Forum: Investing - Help with Personal Investments
Topic: New 403(b) Options
Replies: 3
Views: 312

Re: New 403(b) Options

I currently have 100% of my 403(b) invested in SSgA S&P 500 Index Fund N Class (SVSPX) with Valic. Beginning in 2018, I will have access to Vanguard Total Stock Market Index Fund Institutional (VITSX) available through TIAA. Is this a comparable fund? As you can tell, I want my 403(b) to be as simp...
by mcraepat9
Fri Dec 01, 2017 11:24 am
Forum: Investing - Help with Personal Investments
Topic: Solo 401(k), SEP IRA, Traditional IRA in same year
Replies: 2
Views: 218

Solo 401(k), SEP IRA, Traditional IRA in same year

This is related to another thread I started, but a distinct question. 1. You have student loans seeking PSLF, so you are trying to get your AGI as low as possible 2. You have W-2 income from your main job (about $30,000) and 1099 non-employee contractor income (moonlighting work) (about $10,000). 3....
by mcraepat9
Fri Dec 01, 2017 10:22 am
Forum: Investing - Help with Personal Investments
Topic: [Solo 401(k)] Existing t401k and new 403b won't accept incoming rollover
Replies: 9
Views: 652

Re: [Solo 401(k)] Existing t401k and new 403b won't accept incoming rollover

I would think that as long as there was activity in the tax year you contribute funds to the Solo 401k, the fact that you didn't have activity in later years would not matter?
by mcraepat9
Thu Nov 30, 2017 2:57 pm
Forum: Investing - Help with Personal Investments
Topic: [Solo 401(k)] Existing t401k and new 403b won't accept incoming rollover
Replies: 9
Views: 652

Re: Existing t401k and new 403b won't accept incoming rollover

Does the solo 401k help at all? Or should she just abandon the idea altogether? Sounds possible. Does she have some of that 1099 income for this year, too? I don't know if there are rules about keeping a dormant solo 401k open going forward. Spirit Rider? She runs her own side business as a sole pr...
by mcraepat9
Thu Nov 30, 2017 1:23 pm
Forum: Investing - Help with Personal Investments
Topic: [Solo 401(k)] Existing t401k and new 403b won't accept incoming rollover
Replies: 9
Views: 652

Re: Existing t401k and new 403b won't accept incoming rollover

Does the solo 401k help at all? Or should she just abandon the idea altogether?
by mcraepat9
Wed Nov 29, 2017 4:44 pm
Forum: Investing - Help with Personal Investments
Topic: [Solo 401(k)] Existing t401k and new 403b won't accept incoming rollover
Replies: 9
Views: 652

[Solo 401(k)] Existing t401k and new 403b won't accept incoming rollover

A friend is in this situation and would like to understand her options: 1. She has an existing traditional 401k with ~$50,000 pre-tax funds in it from an old employer. 2. She left that employer this year to work for a government employer with its own tax deferred defined contribution retirement plan...
by mcraepat9
Sun Oct 08, 2017 10:08 am
Forum: Investing - Help with Personal Investments
Topic: 529 help
Replies: 22
Views: 1358

Re: 529 help

Can you get the illinois state tax deduction contributing to the Utah plan? No, you can't. Per the IL 529 Bright Start site: If you live in Illinois, you also get some added state tax benefits. Contributions to your Bright Start account are tax deductible. You’ll enjoy a deduction of up to $10,000 ...
by mcraepat9
Wed Oct 04, 2017 9:40 am
Forum: Investing - Help with Personal Investments
Topic: Harvested, but to a higher expense ratio
Replies: 3
Views: 371

Re: Harvested, but to a higher expense ratio

TLH partners should be positions you would hold indefinitely.

Paying capital gains taxes to get a 5 basis point expense savings is lunacy.
by mcraepat9
Tue Sep 19, 2017 1:41 pm
Forum: Personal Consumer Issues
Topic: Lawyer overbilling for prenup review
Replies: 66
Views: 5981

Re: Lawyer overbilling for prenup review

I understand OP's frustration. Attorney made a mistake agreeing (either implicitly or explicitly) to the hours cap for an assignment that could not possibly be done properly within that agreed cap. Attorney should probably swallow the costs of this, but ask that his name be taken off the agreement a...
by mcraepat9
Tue Sep 19, 2017 12:45 pm
Forum: Personal Consumer Issues
Topic: Memory Foam Mattress Recomendations
Replies: 51
Views: 5154

Re: Memory Foam Mattress Recomendations

I have owned a Loom & Leaf luxury firm king sized mattress for about a year and love it. Had I not gotten a L&L, my second choice would have been a Leesa (probably better value, particularly for a king). In the end I decided L&L fit better for me and I felt OK to splurge a few extra bucks for a matt...
by mcraepat9
Fri Sep 15, 2017 8:28 pm
Forum: Personal Finance (Not Investing)
Topic: Equifax Credit Freeze 100% online
Replies: 35
Views: 5651

Re: Equifax Credit Freeze 100% online

I had already frozen Experien & TransUnion, but repeated tries to Freeze at Equifax had returned errors, and I assumed had failed. I did register for their TrustedID service earlier today, but still planned to Freeze. Just now I tried to freeze again, and was asked if I wanted to Permanently remove...
by mcraepat9
Fri Sep 01, 2017 9:27 am
Forum: Investing - Theory, News & General
Topic: The Stock Market Is Always Risky
Replies: 42
Views: 3709

Re: The Stock Market Is Always Risky

Isn't the portfolio always at risk even if you anchor it to the starting value?
by mcraepat9
Fri Sep 01, 2017 9:20 am
Forum: Investing - Help with Personal Investments
Topic: Question about Vanguard REIT ETF (Symbol VNQ)
Replies: 7
Views: 943

Re: Question about Vanguard REIT ETF (Symbol VNQ)

A question for anyone who owns VNQ: I am thinking about buy some shares of VNQ so I can have some real estate exposure in my taxable account. Is there anything about this ETF that complicates your personal taxes? I knew someone who owned securities of "Partnerships". He had to wait until late March...