Search found 70 matches

by zrzhu111
Tue May 23, 2017 8:24 am
Forum: Personal Finance (Not Investing)
Topic: Advice on Disability Insurance quote
Replies: 6
Views: 358

Re: Advice on Disability Insurance quote

I'd have her get several quotes from a good independent agent. I've had a good time with PolicyGenius. Get quotes from Mutual of Omaha too. That's really expensive unless she's in a bad occupation class or overweight or has medical issues. Also, I'm not sure if I'm reading it right but it seems lik...
by zrzhu111
Tue May 23, 2017 8:15 am
Forum: Personal Finance (Not Investing)
Topic: Advice on Disability Insurance quote
Replies: 6
Views: 358

Re: Advice on Disability Insurance quote

Pretty expensive - when she is maxed out on coverage she will be paying ~$15k/year. The first three riders quoted are the "necessary" riders for someone her age. The others aren't needed, but each have their purpose. Reducing benefit period to age-65 will reduce the price some. At that pr...
by zrzhu111
Mon May 22, 2017 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: Advice on Disability Insurance quote
Replies: 6
Views: 358

Advice on Disability Insurance quote

Hi A friend, 33 years old, a female medical residence, received a quote on disability insurance from Guardian. She's in internal medicine now and will go into palliative in July for fellowship. The Occupation class is 4M in the quote. Please take a look at and let me know what you think. Thanks. htt...
by zrzhu111
Tue Mar 28, 2017 9:39 am
Forum: Personal Finance (Not Investing)
Topic: Rollover Pension Plan to IRA or Roth IRA
Replies: 9
Views: 714

Re: Rollover Pension Plan to IRA or Roth IRA

Thanks, all. I plan to roll it over to Vanguard Roth IRA. What kind of forms should I expect from both the old admin for my pension plan and Vanguard? I know I will get 1099 R for the distribution. Will I get anything from Vanguard for the rollover? The plan will send you a 1099R with the taxable a...
by zrzhu111
Sat Mar 25, 2017 11:59 am
Forum: Personal Finance (Not Investing)
Topic: Can Vanguard roll a pention plan to Roth IRA directly?
Replies: 18
Views: 1197

Re: Can Vanguard roll a pention plan to Roth IRA directly?

You would first want to roll that plan into a Rollover or Traditional IRA, and then do a Roth conversion. This is the preferred method for IRS purposes. I don't get it. If the IRS gives you two pathways, why would the IRS have a preference? Besides, there is a potential problem with this approach. ...
by zrzhu111
Fri Mar 24, 2017 8:53 pm
Forum: Personal Finance (Not Investing)
Topic: Can Vanguard roll a pention plan to Roth IRA directly?
Replies: 18
Views: 1197

Re: Can Vanguard roll a pention plan to Roth IRA directly?

Just got a response from Vanguard, it seems Vanguard really want people to open a TIRA first then convert to RIRA. The following is what I got: My name is xxx xxx, and I work on a team here at Vanguard that specializes in rollovers. You would first want to roll that plan into a Rollover or Tradition...
by zrzhu111
Tue Mar 21, 2017 10:21 am
Forum: Personal Finance (Not Investing)
Topic: Rollover Pension Plan to IRA or Roth IRA
Replies: 9
Views: 714

Re: Rollover Pension Plan to IRA or Roth IRA

Thanks, all. I plan to roll it over to Vanguard Roth IRA. What kind of forms should I expect from both the old admin for my pension plan and Vanguard? I know I will get 1099 R for the distribution. Will I get anything from Vanguard for the rollover? The plan will send you a 1099R with the taxable a...
by zrzhu111
Tue Mar 21, 2017 10:18 am
Forum: Personal Finance (Not Investing)
Topic: Can Vanguard roll a pention plan to Roth IRA directly?
Replies: 18
Views: 1197

Re: Can Vanguard roll a pention plan to Roth IRA directly?

. . . Thanks. I guess Vanguard can do it directly then based on the info you found. Can you post the link of the above info, so I can share with the rep when I talk to them again. For some reason, I couldn't find the same info on vanguard. Try this: https://personal.vanguard.com/us/investnow/si/oae...
by zrzhu111
Tue Mar 21, 2017 9:56 am
Forum: Personal Finance (Not Investing)
Topic: Can Vanguard roll a pention plan to Roth IRA directly?
Replies: 18
Views: 1197

Re: Can Vanguard roll a pention plan to Roth IRA directly?

Generally speaking, if you have basis from after tax contributions in either your TIRA or your pension plan, you should convert from the plan with the highest % basis. This will reduce the taxable amount of the rollover. For tax reporting: 1) Rollover directly from employer plan to Roth IRA - repor...
by zrzhu111
Mon Mar 20, 2017 6:00 pm
Forum: Personal Finance (Not Investing)
Topic: Can Vanguard roll a pention plan to Roth IRA directly?
Replies: 18
Views: 1197

Re: Can Vanguard roll a pention plan to Roth IRA directly?

This suggests you could go directly from a pre-tax pension (qualified plan) to a Roth 401(k), if you want to treat it all as income this year: https://www.irs.gov/pub/irs-tege/rollover_chart.pdf and https://www.irs.gov/retirement-plans/plan-participant-employee/rollovers-of-retirement-plan-and-ira-...
by zrzhu111
Mon Mar 20, 2017 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: Can Vanguard roll a pention plan to Roth IRA directly?
Replies: 18
Views: 1197

Re: Can Vanguard roll a pention plan to Roth IRA directly?

As I understand it, it used to be true that you could not transfer/roll a 401k directly to Roth. It had to go through tIRA first. So it is hard to know if there is a different rule for a pension plan or if this rep just doesn't know the rules have changed. You are aware that taxes will be due on th...
by zrzhu111
Mon Mar 20, 2017 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: Can Vanguard roll a pention plan to Roth IRA directly?
Replies: 18
Views: 1197

Can Vanguard roll a pention plan to Roth IRA directly?

Just talked to a rep from Vanguard. I was told that I need to roll over my pention plan to a Tradtional IRA first then convert the TIRA to Roth IRA. Just want to see if anyone did the conversion with Vanguard and confirm if the rep gave me the correct info. Thanks.
by zrzhu111
Sun Mar 19, 2017 9:49 am
Forum: Personal Finance (Not Investing)
Topic: Rollover Pension Plan to IRA or Roth IRA
Replies: 9
Views: 714

Re: Rollover Pension Plan to IRA or Roth IRA

Thanks, all. I plan to roll it over to Vanguard Roth IRA. What kind of forms should I expect from both the old admin for my pension plan and Vanguard? I know I will get 1099 R for the distribution. Will I get anything from Vanguard for the rollover? The plan will send you a 1099R with the taxable a...
by zrzhu111
Sat Mar 18, 2017 11:25 am
Forum: Personal Finance (Not Investing)
Topic: Rollover Pension Plan to IRA or Roth IRA
Replies: 9
Views: 714

Re: Rollover Pension Plan to IRA or Roth IRA

Thanks, all. I plan to roll it over to Vanguard Roth IRA.

What kind of forms should I expect from both the old admin for my pension plan and Vanguard? I know I will get 1099 R for the distribution. Will I get anything from Vanguard for the rollover?
by zrzhu111
Thu Mar 16, 2017 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: Rollover Pension Plan to IRA or Roth IRA
Replies: 9
Views: 714

Re: Rollover Pension Plan to IRA or Roth IRA

I have a small balance ($3500) of pension/retirment plan from my previous employer. Should I roll it over to IRA or Roth IRA? Thanks. I think it depends on whether your retirement plan is traditional or Roth. If it's traditional, roll it over into a traditional IRA. If it's Roth, roll it over into ...
by zrzhu111
Thu Mar 16, 2017 10:47 am
Forum: Personal Finance (Not Investing)
Topic: Rollover Pension Plan to IRA or Roth IRA
Replies: 9
Views: 714

Rollover Pension Plan to IRA or Roth IRA

I have a small balance ($3500) of pension/retirment plan from my previous employer. Should I roll it over to IRA or Roth IRA? Thanks.
by zrzhu111
Fri Mar 03, 2017 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA account
Replies: 3
Views: 267

Re: Roth IRA account

Thanks, all.
by zrzhu111
Fri Mar 03, 2017 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA account
Replies: 3
Views: 267

Roth IRA account

I know there's a rule on contribution to Roth IRA if income excceds certain amount. My question is if the person doesn't have a Roth IRA account and his income excced the limist, can he still open a Roth IRA account and do backdoor IRA conversion now. Thanks.
by zrzhu111
Thu Mar 03, 2016 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: File return with H&R Block
Replies: 7
Views: 982

File return with H&R Block

Hi

What's the total cost to file federal and state return with H&R Block online? I know i need to buy the software (Deluxe version) and i'm not sure if I need to pay e-file fees.

Thanks.
by zrzhu111
Fri Nov 13, 2015 5:40 pm
Forum: Investing - Help with Personal Investments
Topic: How's fidelity 401k?
Replies: 11
Views: 1612

Re: How's fidelity 401k?

Just started the new job this week. I'll post the funds once I have access to the info. Thanks.
by zrzhu111
Thu Nov 12, 2015 8:52 pm
Forum: Investing - Help with Personal Investments
Topic: How's fidelity 401k?
Replies: 11
Views: 1612

How's fidelity 401k?

I just recently got a new job and the 401k plan is provided by Fidelity in the new company. I'm thinking about rolling over my old 401k. Is Fidelity's fee reasonable or should I roll my old 401k to Vanguard IRA? Thanks.
by zrzhu111
Mon Oct 19, 2015 6:45 pm
Forum: Personal Finance (Not Investing)
Topic: Is promo from brokerage account taxable?
Replies: 8
Views: 859

Re: Is promo from brokerage account taxable?

I pay 1% on a $15,000 investment for fees and the broker, as part of a "no fees" promotion, subsequently credits me back the $150 - that's a rebate (return of money I paid). If I have money in a savings account and the bank, wanting to get more of my business, offers me a $150 credit for ...
by zrzhu111
Mon Oct 19, 2015 6:35 pm
Forum: Personal Finance (Not Investing)
Topic: Is promo from brokerage account taxable?
Replies: 8
Views: 859

Re: Is promo from brokerage account taxable?

I opened Motif and received $150 promo credit which is called "transaction fee adjustment". Is this taxable? Thanks. If they send you a 1099-int it will be taxable as ordinary income. As transaction fee adjustment it sounds like a rebate, not taxable. Why not ask the granter of the credit...
by zrzhu111
Mon Oct 19, 2015 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: Is promo from brokerage account taxable?
Replies: 8
Views: 859

Re: Is promo from brokerage account taxable?

If it's a rebate, not as ordinary income but it should adjust your basis in the account downward and ultimately be taxed as a capital gain on the asset when it's sold (if there is a net gain). If it's a promotional incentive, then it should be taxed as ordinary income. I don't quite understand the ...
by zrzhu111
Mon Oct 19, 2015 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: Is promo from brokerage account taxable?
Replies: 8
Views: 859

Is promo from brokerage account taxable?

I opened Motif and received $150 promo credit which is called "transaction fee adjustment". Is this taxable? Thanks.
by zrzhu111
Sun Oct 04, 2015 9:57 pm
Forum: Investing - Help with Personal Investments
Topic: Catch up on 401k contribution
Replies: 3
Views: 383

Re: Catch up on 401k contribution

rob wrote:Not that I have heard about.... 100% for the rest of the years is your best bet. If they offer Roth options in the 401K consider doing Roth contributions....

Convert Roth 401k to regular 401k later?
by zrzhu111
Sun Oct 04, 2015 9:49 pm
Forum: Investing - Help with Personal Investments
Topic: Catch up on 401k contribution
Replies: 3
Views: 383

Catch up on 401k contribution

I forgot to change the 401k contribution rate so that not much money was deducted from my paycheck. I won't max out my contribution even I'm contributing 100% from my paycheck to 401k now. I intend to max it out every year. Are there any ways to fix it now? Thanks.
by zrzhu111
Thu Jan 15, 2015 9:29 am
Forum: Investing - Help with Personal Investments
Topic: when can I use the fund to purchase ETF with Vanguard?
Replies: 2
Views: 330

when can I use the fund to purchase ETF with Vanguard?

I just initiated the ACH transfer from Chase this morning, but when I looked at the account. It says the money is available for purchase now. Can I purchase any ETF now or have to wait till tomorrow? Thanks.
by zrzhu111
Tue Dec 30, 2014 1:16 pm
Forum: Investing - Theory, News & General
Topic: Another silly anti-index article
Replies: 42
Views: 5141

Index funds suffer greater losses in a market decline?

[Thread merged into here, see below. --admin LadyGeek]

Just read this article on marketwatch.com. I don't quite understand it. What do you think?

http://www.marketwatch.com/story/troubl ... eid=yhoof2
by zrzhu111
Sun May 25, 2014 6:19 pm
Forum: Personal Finance (Not Investing)
Topic: 5498 form for IRA recharacterization
Replies: 8
Views: 948

Re: 5498 form for IRA recharacterization

Alan S. wrote:... and the receiving custodian will issue a 5498. ....

so when will I receive a 5498 for the Roth account then? Thanks
by zrzhu111
Sun May 25, 2014 9:52 am
Forum: Personal Finance (Not Investing)
Topic: 5498 form for IRA recharacterization
Replies: 8
Views: 948

Re: 5498 form for IRA recharacterization

Form 1099-R is used to show distribution from retirement accounts.
so I guess the recharacterization from my Tradition account is counted as a distribution and I will receive 1099-R in 2015 for the recharacterization made in 2014. Am I right?
by zrzhu111
Sat May 24, 2014 9:22 pm
Forum: Personal Finance (Not Investing)
Topic: 5498 form for IRA recharacterization
Replies: 8
Views: 948

5498 form for IRA recharacterization

I recharacterized my contribution from traditional to Roth IRA. I received the 5498 form (which does not show the recharaterization) for my traditional IRA, but not for the ROTH. Called Sharebuilder, they told me I would receive a form 5498 for Roth in 2015, which will show the recharacterizaion. I ...
by zrzhu111
Tue Mar 25, 2014 3:18 pm
Forum: Personal Finance (Not Investing)
Topic: Recharacterize IRA contribution
Replies: 10
Views: 956

Re: Recharaterize IRA contribution

This is an odd situation, but the only difference between what you filed and the recommended procedure would be the addition of an explanatory statement regarding your recharacterization. Your tax return itself would not change since you did not take an IRA deduction and neither did you file an 860...
by zrzhu111
Tue Mar 25, 2014 11:55 am
Forum: Personal Finance (Not Investing)
Topic: Recharacterize IRA contribution
Replies: 10
Views: 956

Re: Recharaterize IRA contribution

Something doesn't add up here. You generally don't (more precisely AFAIK, never ) report Roth contributions on your tax return. Maybe you told turbotax that you made a Roth contribution? So it seems more likely that you reported nothing to the IRS about any IRA contributions whatsover. If that's th...
by zrzhu111
Tue Mar 25, 2014 11:51 am
Forum: Personal Finance (Not Investing)
Topic: Recharacterize IRA contribution
Replies: 10
Views: 956

Re: Recharaterize IRA contribution

pshonore wrote:How did you report a "Roth" in your return? You may have told the software but the return the IRS received has no indication that you made a Roth contribution.

yes, I told HRBlock software that I contributed to Roth.
by zrzhu111
Tue Mar 25, 2014 10:59 am
Forum: Personal Finance (Not Investing)
Topic: Recharacterize IRA contribution
Replies: 10
Views: 956

Re: Recharaterize IRA contribution

If I recharaterize my IRA contritubion after filing the return, do I need to file anything with IRS? Apparently yes. Recharacterizations You may be able to treat a contribution made to one type of IRA as having been made to a different type of IRA. This is called recharacterizing the contribution. ...
by zrzhu111
Tue Mar 25, 2014 8:40 am
Forum: Personal Finance (Not Investing)
Topic: Recharacterize IRA contribution
Replies: 10
Views: 956

Recharacterize IRA contribution

Just filed my 2013 return a couple days ago. Now realized that I made traditional IRA contribution in June 2013, but in the return, I claimed that I had a Roth contribution of $5,500. Per House Blend, I told the taxsoftware (HRBlock) I contributed $5,500 to Roth. I know I have two choices here (or m...
by zrzhu111
Wed Jan 29, 2014 11:50 am
Forum: Investing - Help with Personal Investments
Topic: How can I purchase vanguard ETF with mutual fund?
Replies: 7
Views: 714

Re: How can I purchase vanguard ETF with mutual fund?

Just recently opened an IRA account and put money in the primary money market fund. Then I added the brokerage service to IRA account. How can I exchange the primary money market fund for any vanguard ETF I want to purchase? thanks. You place a trade in the brokerage account to buy the ETF. When th...
by zrzhu111
Wed Jan 29, 2014 9:56 am
Forum: Investing - Help with Personal Investments
Topic: How can I purchase vanguard ETF with mutual fund?
Replies: 7
Views: 714

How can I purchase vanguard ETF with mutual fund?

Just recently opened an IRA account and put money in the primary money market fund. Then I added the brokerage service to IRA account. How can I exchange the primary money market fund for any vanguard ETF I want to purchase? thanks.
by zrzhu111
Sat Jan 25, 2014 11:32 pm
Forum: Investing - Help with Personal Investments
Topic: Do I have Vanguard Brokerage Account now?
Replies: 3
Views: 568

Re: Do I have Vanguard Brokerage Account now?

i just went back to the website, then on the brokerage service. And opened a new brokerage service account to my IRA account, so i think I'll see it in a couple days.
by zrzhu111
Fri Jan 24, 2014 10:22 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio checkup
Replies: 3
Views: 330

Portfolio checkup

This is my current portfolio, I would like my AA to be 70% stock, 20% bond and 10% alternative. I have no debt and 25% fed tax bracket and 8.8% for NY. Stock - US 56.37% Stock - International 18.47% Bond 11.97% Real estate 6.06% Health Care 6.71% Cash 0.42% The above allocation includes my 401k port...
by zrzhu111
Fri Jan 24, 2014 9:58 pm
Forum: Investing - Help with Personal Investments
Topic: Do I have Vanguard Brokerage Account now?
Replies: 3
Views: 568

Do I have Vanguard Brokerage Account now?

I just opened a Roth IRA account with Vanguard, then I selected "Not ready to invest" then put my money in the money market fund. Can I buy ETF now? Or I have to open it somewhere? Thanks.
by zrzhu111
Sat Jan 04, 2014 7:16 pm
Forum: Investing - Help with Personal Investments
Topic: Questions regarding Roth VS. Tradtional
Replies: 6
Views: 727

Re: Questions regarding Roth VS. Tradtional

Roth VS. Traditional is not an easy question. Since I'm in my early career, I'll put more in Roth for now. I will reassess my situation in a few years. Thanks everyone.
by zrzhu111
Wed Jan 01, 2014 4:34 pm
Forum: Investing - Help with Personal Investments
Topic: Questions regarding Roth VS. Tradtional
Replies: 6
Views: 727

Re: Questions regarding Roth VS. Tradtional

... 2. If you can max out a Roth account and will have a large traditional account or a pension, prefer a Roth. It seems pretty confusing. Can anyone explain it? I'm guessing this is about avoiding having to take out more than you need because of RMDs. ... Since 401 k decreases the taxable income, ...
by zrzhu111
Tue Dec 31, 2013 4:27 pm
Forum: Investing - Help with Personal Investments
Topic: Questions regarding Roth VS. Tradtional
Replies: 6
Views: 727

Questions regarding Roth VS. Tradtional

I was reading the http://www.bogleheads.org/wiki/Traditional_versus_Roth . Have a couple questions. 1. If you expect to be in a higher tax bracket than your current bracket for most of your career, prefer a Roth. Why? 2. If you can max out a Roth account and will have a large traditional account or ...
by zrzhu111
Fri Dec 06, 2013 11:12 am
Forum: Investing - Help with Personal Investments
Topic: Any Delay on Vanguard deposit/withdrawl?
Replies: 4
Views: 537

Re: Any Delay on Vanguard deposit/withdrawl?

Vanguard also lets you wire money to your bank for free. If you do this, withdrawals take about 24 hours, as long as you submit the sell order before the close of the stock exchange. (Some banks will charge a fee to accept a wire, so check if yours does before you use a wire withdrawal.) so if I se...
by zrzhu111
Fri Dec 06, 2013 11:09 am
Forum: Investing - Help with Personal Investments
Topic: Any Delay on Vanguard deposit/withdrawl?
Replies: 4
Views: 537

Re: Any Delay on Vanguard deposit/withdrawl?

For mutual funds, you get the close price on the day you place the order. Money actually gets taken from your bank account a couple of days later. For Vanguard Brokerage, the answer seems to be that it varies. They may let you use funds right away or they may make you wait a week or two. You meant ...

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