Search found 7233 matches

by tfb
Sun Jan 31, 2016 5:09 pm
Forum: Investing - Help with Personal Investments
Topic: Solo401k EmployEE/EmployER contributions, and ETFs
Replies: 19
Views: 995

Re: Solo401k EmployEE/EmployER contributions, and ETFs

I have a Solo401k with Vanguard, and decided to separate my EmployEE and EmployER contributions in two different funds. This can be important, as EmployEE and EmployER contributions have different rules regarding withdrawals and such. If you want to maintain this level of separation you just open t...
by tfb
Sun Jan 31, 2016 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: I just paid off $145,000 in student loans in 2.5 years
Replies: 20
Views: 1656

Re: I just paid off $145,000 in student loans in 2.5 years

Thanks everyone! To fill in a few of the blanks I paid this off using income of about $100k/year. That being said I also applied funding from a few other sources including birthday presents, tax refunds - any money at all that came my way. My wife makes a little more than me. Still using the I word...
by tfb
Sun Jan 31, 2016 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: TT prior year returns
Replies: 4
Views: 480

Re: TT prior year returns

Tried to look at prior yr returns, message said--must pay for 2015 first. This is new, I have not encountered this before? Called the help desk 3 times yesterday, 2 hang ups and one to a CSR's desk recording. This is why you should always buy the desktop/laptop program, not the online service. You ...
by tfb
Sun Jan 31, 2016 12:39 am
Forum: Personal Finance (Not Investing)
Topic: WSJ: HSAs Offer Tax Benefits Beyond 401(k)s
Replies: 26
Views: 4277

Re: WSJ: HSAs Offer Tax Benefits Beyond 401(k)s

One should not look only to the tax benefits of the HSA. There are drawbacks to HDHPs. The tax benefits of the HSA may be there, but the HDHP one needs to have to open and contribute to an HSA often has much higher out of pocket costs than traditional plans. Unless you never see a doctor and don't ...
by tfb
Sat Jan 30, 2016 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: Combining backdoor Roth and rollover of 401k after-tax contributions
Replies: 11
Views: 893

Re: Combining backdoor Roth and rollover of 401k after-tax contributions

But your plan works fine if you add another step. 1. Rollover traditional IRA back into 401k so balance of traditional IRA is $0 2. Make $6,500x2 contribution to traditional IRA for 2015 and 2016 3. Convert traditional IRA into Roth IRA using standard backdoor method 4. Once his after-tax 401k cont...
by tfb
Sat Jan 30, 2016 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: FSA related to a new job
Replies: 1
Views: 161

Re: FSA related to a new job

No, only expenses after it starts and before your job ends.
by tfb
Sat Jan 30, 2016 12:21 pm
Forum: Investing - Theory, News & General
Topic: New S&P Target Date funds built on TIPS
Replies: 18
Views: 2354

Re: New S&P Target Date funds built on TIPS

alec wrote:Looks like these are just indices looking for someone to turn into mutual funds.

Is the thread title wrong/misleading then? Judging from the URL in the OP:

benefitspro.com/2016/01/26/new-target-date-indices-built-on-tips?slreturn=1453948736

What do we have here? Indices or funds?
by tfb
Tue Jan 26, 2016 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: TaxCut missing features
Replies: 12
Views: 1252

Re: TaxCut missing features

P.S. H&R Block software also won't e-file if you need to attach a statement. Because I don't e-file it doesn't affect me. It also imports data from fewer places. Because I don't import, it doesn't affect me either. These may affect you if you insist on e-filing or importing.
by tfb
Tue Jan 26, 2016 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: TaxCut missing features
Replies: 12
Views: 1252

Re: TaxCut missing features

what else will TaxCut leave out that TurboTax handled without a problem? I have used H&R Block software, formerly TaxCut, for maybe 10 years. The problem you ran into is one of two areas I know of that H&R Block software decided to punt, the other being the interaction between self-employed...
by tfb
Sat Jan 23, 2016 8:58 pm
Forum: Personal Consumer Issues
Topic: Odd Ball Vanguard Mail Message
Replies: 14
Views: 2290

Re: Odd Ball Vanguard Mail Message

Did you change your password?
by tfb
Sat Jan 23, 2016 8:54 pm
Forum: Investing - Theory, News & General
Topic: PenFed 15 month/1.51% APR CD
Replies: 3
Views: 728

Re: PenFed 15 month/1.51% APR CD

Not that special. You can get 1.5% for a 12-month elsewhere.
by tfb
Sat Jan 23, 2016 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: Couple tax questions
Replies: 3
Views: 551

Re: Couple tax questions

Also, TaxAct is recommending the "Plus" package, which is $14.99 for the federal and $14.99 for the state return. I don't see why I shouldn't just use the free one. The only "special" things we have are itemized deductions, some dividends from my Vanguard taxable account, $60 in...
by tfb
Sat Jan 23, 2016 2:58 pm
Forum: Investing - Help with Personal Investments
Topic: I received notices - What is my company doing with our plan?
Replies: 1
Views: 383

Re: I received notices - What is my company doing with our plan?

BoilerUp wrote:Is there any cause for concern with any of this?

I don't see any. It appears the plan now allows loans. Applying for a determination letter is normal.
by tfb
Sat Jan 23, 2016 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance: 15yr or 30yr + invest?
Replies: 22
Views: 2130

Re: Refinance: 15yr or 30yr + invest?

I wrote this a few years ago: http://thefinancebuff.com/borrow-30-yea ... rence.html

tl;dr version: Do the 15-year. 30-year + invest will eventually win but it takes much longer than people think. The eventual win is also very small.
by tfb
Sat Jan 23, 2016 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: TaxAct Plus vs TurboTax vs H&R Block for 2015
Replies: 77
Views: 5079

Re: TaxAct Plus vs TurboTax vs H&R Block for 2015

However, I wanted to jump around from topic to topic, and I had trouble doing that. I finally gave up after a short time as patience is not one of my strong points. Now I'm back with TurboTax and moving from topic to topic with ease. Did I give up too quickly with H&R Block? Perhaps it is easy ...
by tfb
Sun Jan 17, 2016 11:52 pm
Forum: Personal Finance (Not Investing)
Topic: Megacorp using Master Trust, High fee 401k plan. Why?
Replies: 20
Views: 1097

Re: Megacorp using Master Trust, High fee 401k plan. Why?

The fee information I have about the corporate plan is two parts. first, brightscope says "Lowest Fees." Second, I found the auditors report, the "Statement of Changes in Net assets Available for Benefits" In the section Deductions, there are two entries "benefits paid to p...
by tfb
Sun Jan 17, 2016 9:34 pm
Forum: Personal Finance (Not Investing)
Topic: Megacorp using Master Trust, High fee 401k plan. Why?
Replies: 20
Views: 1097

Re: Megacorp using Master Trust, High fee 401k plan. Why?

They take $171.75 worth of fund shares from my account at the beginning of each quarter. That fee amount is also documented in the fee disclosure. ps - did you just happen to see this thread within 90 minutes of mentioning your name? Anyway, thanks for responding :happy And that amount is flat for ...
by tfb
Sun Jan 17, 2016 9:19 pm
Forum: Personal Finance (Not Investing)
Topic: Taxact breached as well - just saw an article in wsj
Replies: 35
Views: 3592

Re: Taxact breached as well - just saw an article in wsj

Rysto wrote:I'm not familiar with how e-filing works in the US. Do you really have to submit your tax return to a private company to e-file?

You do. Here in the US the government only accept e-file submissions via the intermediaries.
by tfb
Sun Jan 17, 2016 9:10 pm
Forum: Personal Finance (Not Investing)
Topic: Megacorp using Master Trust, High fee 401k plan. Why?
Replies: 20
Views: 1097

Re: Megacorp using Master Trust, High fee 401k plan. Why?

I work for a very large US employer with over 100,000 US employees. But my 401k plan has very high fixed fees, almost $700 per year per participant. Where do you see the $700 per year per participant number? If you are calculating off the number in the Summary Annual Report, the "plan expenses...
by tfb
Tue Jan 05, 2016 8:16 pm
Forum: Personal Finance (Not Investing)
Topic: New job and Disappearing 401k
Replies: 3
Views: 369

Re: New job and Disappearing 401k

If you were led to believe you would have a 401k but new info says you don't, you can ask for more money.
by tfb
Tue Jan 05, 2016 8:11 pm
Forum: Investing - Help with Personal Investments
Topic: Any reason to not buy Goldman Sachs CDs?
Replies: 21
Views: 2199

Re: Any reason to not buy Goldman Sachs CDs?

stevewolfe wrote:Right, so we agree it's a good rate right now (since it's not last week, October or September).

No, even right now you can get nationally available 2% 3-year and 2.30% 4-year direct CDs. Both are higher than the GS ones shown in OP's screenshot. See latest from depositaccounts.com.
by tfb
Tue Jan 05, 2016 1:27 am
Forum: Investing - Help with Personal Investments
Topic: Solo 401K a no-brainer over company 401k?
Replies: 19
Views: 1967

Re: Solo 401K a no-brainer over company 401k?

One thing to remember is that your employers 401K does not limit the amount you can profit share in a separate Solo 401K. For example: you can defer 18K (Possibly more if they do after-tax) in your employers 401K and then you could potentially do 53K profit sharing into a Solo 401K assuming high en...
by tfb
Mon Jan 04, 2016 9:51 pm
Forum: Investing - Help with Personal Investments
Topic: Any reason to not buy Goldman Sachs CDs?
Replies: 21
Views: 2199

Re: Any reason to not buy Goldman Sachs CDs?

Other than that the rates look relatively poor, I can't see any reason. Compared to? The 3 year 1.75% CD above is better than any nationally available 3 year CD at depositaccounts.com. the five year US Treasury was at 1.73% today by comparison. 1.76% 11-month CD available as recently as last week. ...
by tfb
Mon Jan 04, 2016 9:41 pm
Forum: Personal Finance (Not Investing)
Topic: Turbo Tax Premier 2015 Free @ Fidelity (premium customers)
Replies: 34
Views: 4414

Re: Turbo Tax Premier 2015 Free @ Fidelity (premium customers)

Is anyone who got it _not_ at the Private Client level? Did anyone at the Private Client level not get it?
by tfb
Sun Jan 03, 2016 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: ACH transactions on holidays/weekends?
Replies: 36
Views: 1790

Re: ACH transactions on holidays/weekends?

Just to clarify: My bank has a three-day hold on ACH transfers in from other financial institutions. It's a local bank. Even on money pushed in, i.e. transfer initiated by the other financial institution? Hold is typical on money pulled in, similar to depositing a paper check. Placing hold on money...
by tfb
Sun Jan 03, 2016 1:53 pm
Forum: Investing - Help with Personal Investments
Topic: Low risk 529 - best option
Replies: 2
Views: 437

Re: Low risk 529 - best option

Again MetLife seems reputable, but it would be nice if MetLife put in their own statement of guarantee, at least for principal deposits, but can't find one. It's in the text you quoted. The guarantee to the Trust of repayment of amounts deposited under the Funding Agreement and the payment of inter...
by tfb
Sun Jan 03, 2016 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: When is tax software necessary?
Replies: 16
Views: 1365

Re: When is tax software necessary?

Watty wrote:It has been a long time since I paid more than about $20 for federal and state tax software. Last week I got an unusually good deal on the H&R block the software(without that bonus) for about $15 that was posted here.

True. I paid $11 this year for H&R block deluxe federal plus state.
by tfb
Sun Jan 03, 2016 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: Help understanding a credit card issue
Replies: 26
Views: 1141

Re: Help understanding a credit card issue

It's called an application for a reason. They are not obliged to accept you despite your high credit scores. As long as they are not declining you for protected reasons (race, gender, age, etc.), when the feeling isn't mutual, just move on.
by tfb
Tue Dec 29, 2015 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: Turbo Tax Premier 2015 (PC Download) 39% Off
Replies: 39
Views: 4081

Re: Turbo Tax Premier 2015 (PC Download) 39% Off

frisbee wrote:Is there an advantage to using the local software vs the online app?

Lots of advantages. With online deluxe you'd have to pay for state. Local deluxe + state software includes one state. Online deluxe also doesn't include Schedule D. Local software includes it.
by tfb
Tue Dec 29, 2015 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: PenFed fees
Replies: 17
Views: 1212

Re: PenFed fees

Last week I had a certificate mature at PenFed. The proceeds were deposited into my share account and because PenFed will only allow $5k a day to be ACHed out I initiated a pull from Ally for the full amount. Fast forward 5 days and the transfer fails because unbeknownst to me PenFed charges a $10 ...
by tfb
Mon Dec 28, 2015 10:59 am
Forum: Personal Finance (Not Investing)
Topic: Parallel Taxation
Replies: 21
Views: 1118

Re: Parallel Taxation

The part that bothers me the most is that the 55.5% Marginal Tax Rate happens for Upper Middle Class wage earners with retirement incomes around $62,000, not for the “Rich” retirees with 6 figure incomes. As far as the “Rich” are concerned their Long Term Capital Gains “were” already taxed at a low...
by tfb
Thu Dec 24, 2015 1:08 am
Forum: Personal Finance (Not Investing)
Topic: Solo 401K: Emloyee 2015 Contribution Put in Roth portion of Solo 401K by Mistake
Replies: 5
Views: 430

Re: Solo 401K: Emloyee 2015 Contribution Put in Roth portion of Solo 401K by Mistake

It doesn't sound to me it was put in by mistake. You just changed your mind. There is no recharacterization in 401k. You can't change it after the fact.
by tfb
Wed Dec 23, 2015 9:29 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard TurboTax - Not Available 2015?
Replies: 320
Views: 31137

Re: Vanguard TurboTax - Not Available 2015?

Fidelity is offering a free version of TurboTax Premier if you are at an appropriately exalted level. Log in, click "Guidance & Retirement", click "Taxes". If it is available to you, you should see "TurboTax® Online Premier Receive a free federal tax return with e-file....
by tfb
Mon Dec 21, 2015 5:04 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Spartan Total Market Capital Gains Distribution
Replies: 15
Views: 1543

Re: Fidelity Spartan Total Market Capital Gains Distribution

Does anyone know why Fidelity Spartan Total Market (FSTVX) had a capital gain distribution this year? It looks like this is the first time since 2010 they made one. The fund incurred capital gains when it sold some positions. Capital Gains History Date Per Share Amount Reinvestment Price 12/18/15 $...
by tfb
Mon Dec 21, 2015 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard TurboTax - Not Available 2015?
Replies: 320
Views: 31137

Re: Vanguard TurboTax - Not Available 2015?

2015 Block It says $9.95 on the mailing folder. $14.95 if you want the state. iso: https://drive.google.com/open?id=0B5wbKf9nXS7mcGZ6TFJRLTc4NjQ Which version is this? All versions. You get the version you actually buy. Exit before you buy for another $5 off (only offered once). Final price is $9.9...
by tfb
Fri Dec 18, 2015 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard TurboTax - Not Available 2015?
Replies: 320
Views: 31137

Re: Vanguard TurboTax - Not Available 2015?

I hadn't heard of "shareable CD" either. How does one find it? Can you do multiple returns with it, or more generally, are there any limitations relative to the download/CD version? It's a promotional CD that the company mails out to some prospects, and encourages them to share it with ot...
by tfb
Fri Dec 18, 2015 12:29 pm
Forum: Investing - Help with Personal Investments
Topic: IRA to 401k and then backdoor roth?
Replies: 40
Views: 1657

Re: IRA to 401k and then backdoor roth?

And if I don't get this done by the end of the year, can I make both current & prior year contributions to the IRA and convert to the Roth ($11k total), by April 15? You can make the contribution for 2015 anytime from now to April 15, 2016. If you make the contribution in 2015, record it on the...
by tfb
Fri Dec 18, 2015 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: HSA rules for non-dependent child covered by my insurance plan
Replies: 14
Views: 617

Re: HSA rules for non-dependent child covered by my insurance plan

This is where it gets very interesting. Since your daughter is not a dependent, but is a covered individual of a family HDHP. She is an eligible individual who can open her own HSA and also make a full family HSA contribution. Not if she has non-HDHP coverage through her employer. Just because she ...
by tfb
Fri Dec 18, 2015 11:45 am
Forum: Personal Finance (Not Investing)
Topic: HSA rules for non-dependent child covered by my insurance plan
Replies: 14
Views: 617

Re: HSA rules for non-dependent child covered by my insurance plan

Spirit Rider wrote:This is where it gets very interesting. Since your daughter is not a dependent, but is a covered individual of a family HDHP. She is an eligible individual who can open her own HSA and also make a full family HSA contribution.

Not if she has non-HDHP coverage through her employer.
by tfb
Fri Dec 18, 2015 11:42 am
Forum: Personal Finance (Not Investing)
Topic: Potential employer conflict for HSA/FSA/ACA
Replies: 13
Views: 500

Re: Potential employer conflict for HSA/FSA/ACA

As I understand it an employer can't force an employee to contribute to FSA or contribute to FSA as the employer. Even if the PPO that has an imbedded [sic] FSA, your wife doesn't have to contribute to it. Then she's not covered by the FSA; neither are you.
by tfb
Fri Dec 18, 2015 11:34 am
Forum: Personal Finance (Not Investing)
Topic: HSA rules for non-dependent child covered by my insurance plan
Replies: 14
Views: 617

Re: HSA rules for non-dependent child covered by my insurance plan

Contribution and distribution don't have to be tightly coupled. When you have an individual plan, you contribute at the individual level and the money can be distributed to reimburse expenses by dependents not covered by the plan. When you have a family plan, you contribute at the family level, and ...
by tfb
Fri Dec 18, 2015 11:22 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard TurboTax - Not Available 2015?
Replies: 320
Views: 31137

Re: Vanguard TurboTax - Not Available 2015?

Street prices are more like TT $50, HRB $30, TaxACT $30. With some patience you can them $10 lower. Please tell me where I can get HRB (deluxe, including state) for $30? From Amazon.com. Just set an alert at camelcamelcamel for both the CD and the download product. Soon enough you will be notified....
by tfb
Sun Dec 06, 2015 11:42 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard TurboTax - Not Available 2015?
Replies: 320
Views: 31137

Re: Vanguard TurboTax - Not Available 2015?

For the "Comparing Downloadable Deluxe Editions" table, I see: TurboTax Deluxe: $60 product + $25 state efile = $85 H&R Block Deluxe: $45 product + $20 state efile = $65 TaxAct Deluxe: $13 Fed product + $9 state product + $10 state efile = $32 Crazy to pay up to $25 for state efile wh...
by tfb
Sun Dec 06, 2015 11:28 am
Forum: Personal Finance (Not Investing)
Topic: Is it possible to make pre-tax donation?
Replies: 4
Views: 546

Re: Is it possible to make pre-tax donation?

Not possible to make it pre-tax because your employer doesn't know whether you itemize.
by tfb
Sat Dec 05, 2015 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard TurboTax - Not Available 2015?
Replies: 320
Views: 31137

Re: Vanguard TurboTax - Not Available 2015?

Do either of the alternatives that seem to be most popular, which I believe are TaxAct and HRBlock, have a version that meets all of my requirements, and if so, what is the pricing compared to best TT deal for such software? TT Deluxe CD/download currently sells for $50 at Amazon and Costco. Maybe ...
by tfb
Thu Dec 03, 2015 2:13 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard TurboTax - Not Available 2015?
Replies: 320
Views: 31137

Re: Vanguard TurboTax - Not Available 2015?

I know I'm in the minority but I think it's great Vanguard stopped supporting a company with the ethics that has been displayed in the TT products over a decade or more. Vanguard did not stop supporting Intuit. Vanguard will continue to offer access to TurboTax® products to clients on our website L...
by tfb
Thu Dec 03, 2015 1:53 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard TurboTax - Not Available 2015?
Replies: 320
Views: 31137

Re: Vanguard TurboTax - Not Available 2015?

I switched to TaxACT 2 years ago and have no reason to go elsewhere. TaxACT this year will re-attempt the forms-based forced pricing TurboTax tried and failed last year. The free version used to include all forms and schedules, only no import capabilities. Now it only includes simple forms. If you ...
by tfb
Wed Nov 25, 2015 6:06 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth IRA problem, TIRA not zeroed
Replies: 4
Views: 388

Re: Backdoor Roth IRA problem, TIRA not zeroed

Hulk wrote:What exactly do I need to do now that TIRA is not zeroed out?

Nothing. When you file your tax return, you will be asked the ending balance as of 12/31. 28 cents round down to zero.
by tfb
Wed Nov 25, 2015 5:59 pm
Forum: Personal Finance (Not Investing)
Topic: No tax advantage for California 529 plan?
Replies: 17
Views: 1792

Re: No tax advantage for California 529 plan?

Rainy wrote:We live in California, and it looks like there's no income tax advantage for 529 plan in California (At least at our income level).

There is still income tax advantage. Earnings grow tax free and come out tax free if used on qualifying expenses.

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