Search found 2179 matches

by neurosphere
Fri Mar 24, 2017 6:43 pm
Forum: Personal Finance (Not Investing)
Topic: QRDO, Annuity in IRA, who pays surrender fee?
Replies: 2
Views: 183

Re: QRDO, Annuity in IRA, who pays surrender fee?

QDROs are for employer plans, not IRAs. The divorce or separation instrument can transfer an interest in an IRA. See Sections 408(d)(6) and 71(b)(2). That makes it easier. Ok, the only information I had was what I read on wikipedia: "However, a QDRO can be used to divide an IRA because it is a...
by neurosphere
Fri Mar 24, 2017 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: QRDO, Annuity in IRA, who pays surrender fee?
Replies: 2
Views: 183

QRDO, Annuity in IRA, who pays surrender fee?

Hi all, Here is the main general questions: Is there a "typical" thing which happens when an annuity within in IRA is split in a divorce? Who pays surrender fees if any? Can two new annuities be created to receive the funds? Can one person keep their share of the annuity in the IRA, while ...
by neurosphere
Fri Mar 24, 2017 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: 2016 Tax Return - Paper Mail Form 8453?
Replies: 9
Views: 453

Re: 2016 Tax Return - Paper Mail Form 8453?

Just in case this helps anyone (e.g. the OP next year) TaxAct allowed me to upload the pdf of the brokerage statement as a substitute 8949 and submitted it to the IRS with the e-file. Or at least that's what the program told me it was going to do. :D Perhaps next year TT will add this functionality....
by neurosphere
Sun Mar 19, 2017 6:58 pm
Forum: Personal Finance (Not Investing)
Topic: Taxact: How to file an attachemnt, not just notes
Replies: 2
Views: 274

Re: Taxact: How to file an attachemnt, not just notes

Why do you need to attach this info? You can always provide it if asked, right? Attachments in taxact are for your records, not to be included in an e-file (and as you found out, do not always print). The only attachment to a 1040 that I know for certain the IRS accepts is a brokerage 1099-B. These ...
by neurosphere
Sat Mar 18, 2017 8:52 am
Forum: Personal Finance (Not Investing)
Topic: Turning down employer provided universal life insurance?
Replies: 26
Views: 2815

Re: Turning down employer provided universal life insurance?

Why would an employer want to provide an expensive whole life policy instead of a lower cost term life policy? Something seems very odd about this whole setup. I assume it is due to ignorance by the folks who made the decision? The employer provides (from memory) 1x salary in term life and 3.5x sal...
by neurosphere
Fri Mar 17, 2017 1:57 pm
Forum: Investing - Theory, News & General
Topic: Help with rebuttal to a Facebook post
Replies: 36
Views: 3808

Re: Help with rebuttal to a Facebook post

Starting a mutual fund requires a public filing with the SEC. Closing/merging a mutual fund also requires filing with the SEC. I have wondered whether there was an easy way to search for all mutual fund beginnings and ends for a particular firm. Because it would then be it might be easy to counter w...
by neurosphere
Wed Mar 15, 2017 1:11 pm
Forum: Investing - Help with Personal Investments
Topic: IRA Recharacterization Issue That Confuses Vanguard
Replies: 9
Views: 408

Re: IRA Recharacterization Issue That Confuses Vanguard

There were other tIRA assets in the account, but they were rolled into my 401k with these funds and NOT rolled out again. So in effect, I have the ~2300 sitting in a rollover tIRA with my regular tIRA sitting empty. The original contribution was not/cannot be deducted, so I'm thinking if I were to ...
by neurosphere
Wed Mar 15, 2017 10:16 am
Forum: Investing - Help with Personal Investments
Topic: IRA Recharacterization Issue That Confuses Vanguard
Replies: 9
Views: 408

Re: IRA Recharacterization Issue That Confuses Vanguard

Actually, I believe that is exactly what the OP did wrong. It is my understanding that you can only rollover pre-tax assets from an IRA to a qualified plan. Sorry, I agree with you. To clarify, I agree that it was certainly wrong to roll the assets into a 401k. I was intending to correct only the t...
by neurosphere
Wed Mar 15, 2017 9:29 am
Forum: Investing - Theory, News & General
Topic: DALBAR report methodological flaws - Prof. Pfau
Replies: 29
Views: 2333

Re: DALBAR report methodological flaws - Prof. Pfau

I keep reading about what a bunch of idiots that individual investors are but the actual data from Vanguard and Fidelity from 401k accounts show that investors pretty much stayed the course during the 2008-2009 financial crisis. I don't know, I have seen the so-called professionals who should know ...
by neurosphere
Wed Mar 15, 2017 9:24 am
Forum: Investing - Help with Personal Investments
Topic: IRA Recharacterization Issue That Confuses Vanguard
Replies: 9
Views: 408

Re: IRA Recharacterization Issue That Confuses Vanguard

I don't have an answer to your question, but want to clarify/summarize your situation which I think might make it easier for others to help. 1) 2016: $2300 non-Roth IRA contribution which you are not eligible to deduct [have you filed taxes yet for 2016?] 2) $2300 from IRA --> traditional 401k. [Did...
by neurosphere
Tue Mar 14, 2017 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: Turning down employer provided universal life insurance?
Replies: 26
Views: 2815

Re: Turning down employer provided universal life insurance?

Quarterly update?


The planning giving department contacted me and essentially said "we have to decline your gracious offer at this time". No real reason given. :(
by neurosphere
Tue Mar 14, 2017 7:40 pm
Forum: Personal Finance (Not Investing)
Topic: My W-2 says I over contributed to my HSA; I didn't
Replies: 10
Views: 1099

Re: My W-2 says I over contributed to my HSA; I didn't

Oh, and if the HR doesn't cooperate, here is your recourse: https://www.irs.gov/help-resources/tools-faqs/faqs-for-individuals/frequently-asked-tax-questions-answers/irs-procedures/w-2-additional-incorrect-lost-non-receipt-omitted/w-2-additional-incorrect-lost-non-receipt-omitted-2 The IRS will send...
by neurosphere
Sat Mar 11, 2017 9:01 am
Forum: Personal Finance (Not Investing)
Topic: IBR Student Loans or Retirement Investing
Replies: 14
Views: 1060

Re: IBR Student Loans or Retirement Investing

I second the suggestion to look into the REPAYE plan. In addition to requiring only 10% of discretionary income (which will make a big difference if/when your income pushes you above the "zero" payment threshold), this plan includes an interest subsidy, which is (at minimum) half of any un...
by neurosphere
Wed Mar 08, 2017 9:57 pm
Forum: Personal Consumer Issues
Topic: Safest way to encrypt pdf tax documents to send via email?
Replies: 40
Views: 2139

Re: Safest way to encrypt pdf tax documents to send via email?

for sensitive documents (such as when I do tax prep for clients) I send them an email from an email service like microsoft 365 which allows for encryption. I send an encrypted email, and then any reply to that email is also encrypted, including attachments. (http://office365support.ca/setup-and-enab...
by neurosphere
Mon Feb 27, 2017 8:10 am
Forum: Personal Finance (Not Investing)
Topic: Simplified Capital Gains Reporting
Replies: 2
Views: 358

Re: Simplified Capital Gains Reporting

But you can also still aggregate the totals, and simply attach a brokerage statement. My tax software allows me to upload a pdf copy of the brokerage statement with my e-file, rather than transcribing the info from the statement into the software. Below is a quote from the instructions of Form 8949 ...
by neurosphere
Sun Feb 26, 2017 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: How to find FICA taxes paid in a year?
Replies: 7
Views: 447

Re: How to find FICA taxes paid in a year?

So if I want to know federal income tax, SS tax, Medicare tax, Medicare surtax, and state and local tax so that I can calculate my effective tax rate, then I would add: State and local taxes from state tax return Federal income tax and Medicare surtax from federal taxes owed on page 2 of 1040 SS ta...
by neurosphere
Sun Feb 19, 2017 4:01 pm
Forum: Investing - Help with Personal Investments
Topic: TSP Investing or Private Student Loans ($300K+ total student loans; $53K of which are private)
Replies: 7
Views: 593

Re: TSP Investing or Private Student Loans ($300K+ total student loans; $53K of which are private)

Why did you select the IBR plan for your federal loans, as opposed to REPAYE (if eligible, which most borrowers are)? With REPAYE, the payments are never higher than IBR (for those with high loan balances relative to salary) and you also get an interest subsidy each year, which is not dependent on P...
by neurosphere
Sun Feb 19, 2017 3:15 pm
Forum: Personal Finance (Not Investing)
Topic: Advice on whether to transfer or sell an annuity (but with limited information)
Replies: 1
Views: 148

Advice on whether to transfer or sell an annuity (but with limited information)

Hi all, I'm helping a colleague with some financial stuff. It's a co-worker of mine who heard I knew something about finances and showed up at my office to ask for help. She is completing a divorce, receiving some funds from her husband's IRA which is being split, and is being pressured by her advis...
by neurosphere
Wed Feb 15, 2017 8:23 pm
Forum: Personal Finance (Not Investing)
Topic: Physician contract restrictive covenant
Replies: 23
Views: 1714

Re: Physician contract restrictive covenant

I know of a physician contract which has a two year non-compete restricting work within 20 miles of any facility they have. They have 200+ facilities in 5 contiguous states. In addition, the non-compete restricts "any business with which we feel is in direct competition with us" (paraphras...
by neurosphere
Thu Feb 09, 2017 4:21 pm
Forum: Local Chapters and Bogleheads Community
Topic: Your USER NAME...what does it mean?
Replies: 290
Views: 13236

Re: Your USER NAME...what does it mean?

Leonidas, king of the Spartans. My father is Greek from near Sparta. Also, I do bear a resemblance to Gerard Butler who played the King in "300" so I go that too. My father is also greek and from near Sparta (Kyparissia). But I don't look like Gerard Butler. Probably more like Martin Shor...
by neurosphere
Wed Feb 08, 2017 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: Excess HSA contribution: W2 HSA contribution higher than limit, does not equal final paystub
Replies: 10
Views: 633

Re: Excess HSA contribution: W2 HSA contribution higher than limit, does not equal final paystub

I'm glad neurosphere somehow got some buttons pressed to get this stuff taken care of. My spouse got a gift card from them the last time I asked her to point out the errors of their ways. I hope neurosphere's spouse gets a gift card, too. :) Oh! That would be nice! To be fair, we didn't have to pus...
by neurosphere
Wed Feb 08, 2017 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: Excess HSA contribution: W2 HSA contribution higher than limit, does not equal final paystub
Replies: 10
Views: 633

Re: Excess HSA contribution: W2 HSA contribution higher than limit, does not equal final paystub

UPDATE: HR/Payroll acknowledged the error and notified my wife they will be issuing a corrected W2. They did not yet identify the source/reason for the error. I'm curious if it affected any other employees, and if so, hope those employees have not yet filed their taxes. There are thousands of employ...
by neurosphere
Wed Feb 08, 2017 11:58 am
Forum: Personal Finance (Not Investing)
Topic: I think my W2 has a mistake - doublecheck me?
Replies: 14
Views: 2014

Re: I think my W2 has a mistake - doublecheck me?

stumbled across this thread. I'm curious what you ended up doing.
by neurosphere
Fri Feb 03, 2017 5:16 pm
Forum: Personal Finance (Not Investing)
Topic: Student loan repayment question - married couples
Replies: 4
Views: 517

Re: Student loan repayment question - married couples

Just wanted to pass along a semantic issue. "IBR" (income based repayment) refers very specifically to one of four income DRIVEN plans: PAYE, REPAYE, IBR, ICR. People tend to use "IBR" when talking about any of the 4 income driven plans. But this can lead to confusion, and I have...
by neurosphere
Wed Feb 01, 2017 11:49 am
Forum: Personal Finance (Not Investing)
Topic: If the stepped up basis at death is eliminated....
Replies: 22
Views: 1613

Re: If the stepped up basis at death is eliminated....

One of the risks of investing is legislative risk. But it's very difficult to talk about this risk without a thread becoming political. But I'm hopeful we can all focus on the narrow question at hand. Which is basically "what can one reasonably do to protect against the potential loss of a step...
by neurosphere
Wed Feb 01, 2017 9:30 am
Forum: Personal Finance (Not Investing)
Topic: TaxACT: in-service after-tax 401k to Roth instructions
Replies: 9
Views: 1222

Re: TaxACT: in-service after-tax 401k to Roth instructions

@neurosphere, are those instructions for the software version of TaxACT 2016? I am using the web interface and I can't find how to navigate to the 8606 form in your steps, or where to put a basis. No matter whether I go through the forms or the step-by-step method, I can't seem to indicate that I d...
by neurosphere
Wed Feb 01, 2017 9:27 am
Forum: Personal Finance (Not Investing)
Topic: TaxACT: in-service after-tax 401k to Roth instructions
Replies: 9
Views: 1222

Re: TaxACT: in-service after-tax 401k to Roth instructions

@neurosphere, are those instructions for the software version of TaxACT 2016? I am using the web interface and I can't find how to navigate to the 8606 form in your steps, or where to put a basis. No matter whether I go through the forms or the step-by-step method, I can't seem to indicate that I d...
by neurosphere
Sun Jan 29, 2017 2:37 pm
Forum: Investing - Help with Personal Investments
Topic: Variable Life Insurance
Replies: 9
Views: 630

Re: Variable Life Insurance

As mentioned, you won't owe anything.

Just ensure that you have whatever life insurance you need, likely term, in place before you cancel this policy.
by neurosphere
Sat Jan 28, 2017 8:19 pm
Forum: Investing - Help with Personal Investments
Topic: 1099-R error with Mega Backdoor Roth IRA
Replies: 4
Views: 581

Re: 1099-R error with Mega Backdoor Roth IRA

Do the amounts in box 2a make any sense to you? If there were truly no earnings, these should be zero. What do the amounts represent? Is it possible that your after-tax amounts are not held in "separate accounts" and so represent a prorated taxable amount based on the ratio of after-tax an...
by neurosphere
Fri Jan 27, 2017 7:15 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax is playing games again.
Replies: 52
Views: 9642

Re: TurboTax is playing games again.

No tax software is completely transparent before you submit your return, and TaxAct does not permit viewing the Qualified Dividends and Capital Gain Tax Worksheet . (TaxAct does not charge until filing.) I sent my calculation details to TaxAct, but had to rely on them to check their results. Ah, go...
by neurosphere
Fri Jan 27, 2017 8:28 am
Forum: Personal Finance (Not Investing)
Topic: Student Loan Refinance Repayment Options
Replies: 18
Views: 1910

Re: Student Loan Refinance Repayment Options

The language states that there is a limit on the amount of interest that will capitalize. However, there is no such limit on the amount of interest that will accumulate as outstanding interest and this is not included in the language. :oops: :idea: Yes, finally got it. Thanks. For example, a loan b...
by neurosphere
Fri Jan 27, 2017 1:33 am
Forum: Personal Finance (Not Investing)
Topic: TurboTax is playing games again.
Replies: 52
Views: 9642

Re: TurboTax is playing games again.

But this year they couldn't (or didn't bother to) explain why they showed my Federal tax as $1200 more than my spreadsheet and manual calculations. Curious, where was TaxACTs error? Just because your calculations and the other programs agree, doesn't mean the error lies with TaxACT. Yes, TaxACT was...
by neurosphere
Fri Jan 27, 2017 1:26 am
Forum: Personal Finance (Not Investing)
Topic: Student Loan Refinance Repayment Options
Replies: 18
Views: 1910

Re: Student Loan Refinance Repayment Options

chiseller wrote:
10% is the cap on the amount of interest that can capitalize on the loan - but the loan itself can get much bigger. In your example the principal would not exceed 407k but outstanding interest will continue to grow and the total balance would approach 500k quickly.


Erroneous information deleted.
by neurosphere
Thu Jan 26, 2017 8:53 am
Forum: Personal Finance (Not Investing)
Topic: Student Loan Refinance Repayment Options
Replies: 18
Views: 1910

Re: Student Loan Refinance Repayment Options

will you be working for a nonprofit hospital? If so, I would run the numbers to see what keeping the loans for 10-years will do for your cash flow, after which point the balance is forgiven. (As a fourth-year resident, have you been making payment for 4 years? Do you work at a nonprofit hospital no...
by neurosphere
Fri Jan 20, 2017 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: Excess HSA contribution: W2 HSA contribution higher than limit, does not equal final paystub
Replies: 10
Views: 633

Re: Excess HSA contribution: W2 HSA contribution higher than limit, does not equal final paystub

My spouse's paycheck always has weird issues. I sat with all the accountants in HR at the company Christmas party, so now I know why. All of this post is OT, but... Yes, I'm familiar with how HR can be. I have to be careful because my name is public, so let me alter the details a bit. But a family ...
by neurosphere
Fri Jan 20, 2017 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: Excess HSA contribution: W2 HSA contribution higher than limit, does not equal final paystub
Replies: 10
Views: 633

Re: Excess HSA contribution: W2 HSA contribution higher than limit, does not equal final paystub

Wells Fargo shows exactly $1000 in contributions which hit the account in 2016 (essentially 26 equal payments). The ADP website also lists $1000 in the YTD field for the employer contribution and $5750 for the employee, which matches the final paystub received. The extra amount of $38.47 is exactly ...
by neurosphere
Fri Jan 20, 2017 5:53 pm
Forum: Personal Finance (Not Investing)
Topic: Excess HSA contribution: W2 HSA contribution higher than limit, does not equal final paystub
Replies: 10
Views: 633

Excess HSA contribution: W2 HSA contribution higher than limit, does not equal final paystub

My wife received her W2 today, which lists $6788 with a code W in box 12c, representing employee and employer contributions to the HSA account. On her final paystub, it lists an employee contributions of $5750 (correct) and an employer contribution of $1000 (correct) for a total of $6750, which the ...
by neurosphere
Fri Jan 20, 2017 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: Very confused with W4 Allowances
Replies: 33
Views: 2800

Re: Very confused with W4 Allowances

I've given up on estimating my taxes and getting withholdings "right"... I just fudge them higher or lower depending on the size of the refund or under payment I do something similar. Every year when I do my taxes, I take the total tax for the year, subtract any tax withholdings I've done...
by neurosphere
Fri Jan 20, 2017 8:25 am
Forum: Investing - Help with Personal Investments
Topic: Please help physician catch up.. late to the game
Replies: 13
Views: 3212

Re: Please help physician catch up.. late to the game

I think having the ability to contribute to a Roth IRA via the backdoor method is powerful, and you should see if it's possible to arrange/move your existing accounts so that you can take advantage of this, as others have already mentioned. You should research the backdoor Roth, but essentially it &...
by neurosphere
Thu Jan 19, 2017 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: Medical Billing Disagreement - Stark Law
Replies: 95
Views: 5628

Re: Medical Billing Disagreement - Stark Law

It's not illegal to correct an incorrect code. So rather than ask to have the code for the service deleted, one strategy you can take is to ensure the billed code is correct. We correct incorrect billing codes all the time. Sometimes months after the fact. I always check all of my procedure codes, b...
by neurosphere
Wed Jan 18, 2017 2:18 pm
Forum: Personal Consumer Issues
Topic: Stymied by my High Deductible policy, HAS, and the American medical system.
Replies: 40
Views: 2954

Re: Stymied by my High Deductible policy, HAS, and the American medical system.

On the minus side, when I paid on the spot for a lab test, they told me they could not send the results to me, only to my doctor. Wait, it's my blood, my money, no insurance involved, and you can't send me a copy of the results? What a system. I used to be able to get a copy of the results through ...
by neurosphere
Wed Jan 18, 2017 1:16 pm
Forum: Personal Consumer Issues
Topic: Stymied by my High Deductible policy, HAS, and the American medical system.
Replies: 40
Views: 2954

Re: Stymied by my High Deductible policy, HAS, and the American medical system.

I spent 45 minutes today in an unsuccessful attempt to get an insurance company to cover something a patient clearly needs (their physician reviewer finally agreed but said the insurance contract rules it out). Just a side note, since 2010 insurance contracts cannot "rule out" "medic...
by neurosphere
Wed Jan 18, 2017 12:16 pm
Forum: Investing - Help with Personal Investments
Topic: TLH Vanguard Long-Term Tax Exempt to Intermediate Tax-Exempt?
Replies: 14
Views: 734

Re: TLH Vanguard Long-Term Tax Exempt to Intermediate Tax-Exempt?

BrandonBogle wrote:Ugh. Apparently WellsTrade only permits FIFO for mutual funds trades submitted online (they allow SpecID for stocks and ETFs). Guess I'll actually have to talk to somebody now.


That's annoying. :annoyed
by neurosphere
Wed Jan 18, 2017 11:47 am
Forum: Investing - Help with Personal Investments
Topic: TLH Vanguard Long-Term Tax Exempt to Intermediate Tax-Exempt?
Replies: 14
Views: 734

Re: TLH Vanguard Long-Term Tax Exempt to Intermediate Tax-Exempt?

[EDIT: BrandonBogle beat me to it, see above...] Thanks. I found a couple threads discussing the 6-mo rule... I'm including this information from the wiki, just to ensure that anyone who sees a mention of the "6-month rule" understands the implications (emphasis is mine): Loss on mutual fu...
by neurosphere
Wed Jan 18, 2017 11:35 am
Forum: Investing - Help with Personal Investments
Topic: TLH Vanguard Long-Term Tax Exempt to Intermediate Tax-Exempt?
Replies: 14
Views: 734

Re: TLH Vanguard Long-Term Tax Exempt to Intermediate Tax-Exempt?

Sure do it just for the practice. Lots of people made this trade in December, so plenty of threads on the subject. Thanks. I found a couple threads discussing the 6-mo rule, but missed the posts about whether it would be worthwhile to switch between these two funds. I need to hone my search-ninja s...
by neurosphere
Wed Jan 18, 2017 9:13 am
Forum: Personal Finance (Not Investing)
Topic: Why nobody understands importance of high-deductible insurance?
Replies: 115
Views: 10904

Re: Why nobody understands importance of high-deductible insurance?

They have high list prices because some insurance companies won't negotiate them down very much, so there's no downside to them having high prices from which to start negotiations. I also suspect (but cannot confirm) that "charity care" for those without insurance is advertised based on t...
by neurosphere
Wed Jan 18, 2017 8:33 am
Forum: Personal Finance (Not Investing)
Topic: Why nobody understands importance of high-deductible insurance?
Replies: 115
Views: 10904

Re: Why nobody understands importance of high-deductible insurance?

Negotiated rates the insurance company gets are far worse than you could get on your own without insurance. I do not understand this statement at all! For example, with various insurance coverage (many types) over the years, whenever I would see the EOB (Explanation of Benefits), the insurance comp...
by neurosphere
Tue Jan 17, 2017 4:11 am
Forum: Personal Finance (Not Investing)
Topic: Very confused with W4 Allowances
Replies: 33
Views: 2800

Re: Very confused with W4 Allowances

Forgot to add this part from the instructions at the top of the W4: Two earners or multiple jobs. If you have a working spouse or more than one job, figure the total number of allowances you are entitled to claim on all jobs using worksheets from only one Form W-4. Your withholding usually will be m...

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