Search found 99 matches

by zrzhu111
Fri May 11, 2018 10:21 pm
Forum: Personal Finance (Not Investing)
Topic: Cost basis for Traditional IRA which is recharaterized from Roth
Replies: 2
Views: 315

Re: Cost basis for Traditional IRA which is recharaterized from Roth

Individual securities do not have a basis in an IRA, only the TIRA itself has a basis. That basis will be 5500 if this is your first non deductible contribution. Good to know that. Thanks. Also in another thread, one reader pointed out this is not a taxable transaction, so i'm not really worried ab...
by zrzhu111
Fri May 11, 2018 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: Cost basis for Traditional IRA which is recharaterized from Roth
Replies: 2
Views: 315

Cost basis for Traditional IRA which is recharaterized from Roth

I asked CapitalOne investing to recharterize my contribution made ($5,500) for Roth IRA (for 2018) to Traditional. Since I've purchase about 23 unit of VOO using the $5,500 contribution, so in the form, per suggested by Capitalone, i asked them to liquidate VOO as needed for the recharterization. Th...
by zrzhu111
Fri May 04, 2018 10:06 am
Forum: Personal Finance (Not Investing)
Topic: What to do with ineligible 2018 Roth IRA contribution?
Replies: 11
Views: 765

Re: What to do with ineligible 2018 Roth IRA contribution?

Yes, with one nuance: the custodian should calculate the earnings for you and include those in the amount that goes from Roth to traditional along with the recharacterized original amount. But if that is indeed $177, everything else works as you wrote it. You are right, FiveK. I called Capitalone I...
by zrzhu111
Thu May 03, 2018 9:00 am
Forum: Personal Finance (Not Investing)
Topic: What to do with ineligible 2018 Roth IRA contribution?
Replies: 11
Views: 765

Re: What to do with ineligible 2018 Roth IRA contribution?

That was a few years ago. My income was still within the limit for the Roth contribution. I contributed to Traditional first then realized that I wanted Roth, so i recharaterized it to Roth. I'm positive that was recharacterized not converted. Well done! Let's use an example here: 3/15/18: Contribu...
by zrzhu111
Wed May 02, 2018 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: What to do with ineligible 2018 Roth IRA contribution?
Replies: 11
Views: 765

Re: What to do with ineligible 2018 Roth IRA contribution?

...I don't have traditional IRA anymore. I recharacterized it to Roth long time ago. Perhaps you converted it to Roth? Unfortunately, similar-sounding words mean very different things in this area so one has to be careful. That was a few years ago. My income was still within the limit for the Roth ...
by zrzhu111
Wed May 02, 2018 10:43 am
Forum: Personal Finance (Not Investing)
Topic: What to do with ineligible 2018 Roth IRA contribution?
Replies: 11
Views: 765

Re: What to do with ineligible 2018 Roth IRA contribution?

Thanks all. Just checked all my IRA accounts and realized that I don't have traditional IRA anymore. I recharacterized it to Roth long time ago. so this makes the situation a little easier. 1. so I will recharaterize the $5500 Roth contribution for 2018 to traditional IRA. Do I need to report any ta...
by zrzhu111
Tue May 01, 2018 2:53 pm
Forum: Personal Finance (Not Investing)
Topic: What to do with ineligible 2018 Roth IRA contribution?
Replies: 11
Views: 765

Re: What to do with ineligible 2018 Roth IRA contribution?

Recharacterizing it to a traditional IRA, then doing a Backdoor Roth IRA is one possibility, depending primarily on how much you have in traditional IRAs now. what do you mean by "epending primarily on how much you have in traditional IRAs now"? I haven't contributed to traditional IRA for a while ...
by zrzhu111
Tue May 01, 2018 10:56 am
Forum: Personal Finance (Not Investing)
Topic: What to do with ineligible 2018 Roth IRA contribution?
Replies: 11
Views: 765

What to do with ineligible 2018 Roth IRA contribution?

I made $5500 contribution to Roth IRA for year 2018. I will get married in this year. Now i realized that income from myself and future wife would exceed the limit of $199,000 in 2018. What should I do now? Thanks. 5/2/18 update: Just checked all my IRA accounts and realized that I don't have tradit...
by zrzhu111
Sun Mar 11, 2018 8:26 pm
Forum: Personal Finance (Not Investing)
Topic: Paypal credit account was open by someone else with different last name
Replies: 8
Views: 925

Re: Paypal credit account was open by someone else with different last name

anoop wrote:
Sun Mar 11, 2018 6:41 pm
Thanks. Also report it to the FTC if you haven't already done so.
https://www.identitytheft.gov/
Thanks. Will do after I get all documentation together. Will report it together to generate a report. Then file the report with police report.
by zrzhu111
Sun Mar 11, 2018 6:31 pm
Forum: Personal Finance (Not Investing)
Topic: Paypal credit account was open by someone else with different last name
Replies: 8
Views: 925

Re: Paypal credit account was open by someone else with different last name

I have a client who had her identity stolen - incorrect address, maiden name (not legal name for 15 years), but correct social security number. Paypal was routinely approving credit despite the fact that the fraudster had already defaulted on a Paypal line of credit. Their excuse was that it was di...
by zrzhu111
Sun Mar 11, 2018 6:30 pm
Forum: Personal Finance (Not Investing)
Topic: Paypal credit account was open by someone else with different last name
Replies: 8
Views: 925

Re: Paypal credit account was open by someone else with different last name

Just found out Paypal approved n credit application based on DOB, SS and address, but the account is under a different last name. Is it legal for paypal to approve a credit account when someone applied with wrong last name, even with other correct info? Can you share how you found out about this? I...
by zrzhu111
Sat Mar 10, 2018 10:16 pm
Forum: Personal Finance (Not Investing)
Topic: Paypal credit account was open by someone else with different last name
Replies: 8
Views: 925

Re: Paypal credit account was open by someone else with different last name

The person who opened the account obviously broke the law but I don't see how Paypal did anything wrong. People change their last names but not their residence all the time. One example would be two people living together and then getting married. More importantly, as I'm sure you well aware now, y...
by zrzhu111
Wed Mar 07, 2018 7:19 pm
Forum: Personal Finance (Not Investing)
Topic: Paypal credit account was open by someone else with different last name
Replies: 8
Views: 925

Paypal credit account was open by someone else with different last name

Just found out Paypal approved n credit application based on DOB, SS and address, but the account is under a different last name. Is it legal for paypal to approve a credit account when someone applied with wrong last name, even with other correct info?
by zrzhu111
Sat Feb 24, 2018 5:14 pm
Forum: Personal Finance (Not Investing)
Topic: Scottrade trade closing fee?
Replies: 2
Views: 226

Scottrade trade closing fee?

How can I know if Scottrade charged me a closing fee when I transferred my Roth IRA to Vanguard? The reason I asked is I would be waived for the fee if I did it before certain date when Scottrade merged with TD Ameritrade? Thanks.
by zrzhu111
Tue Feb 06, 2018 5:36 pm
Forum: Personal Finance (Not Investing)
Topic: Etrade asset transfer out fees?
Replies: 6
Views: 586

Re: Etrade asset transfer out fees?

I think Capital One Investment may waive the transfer out fee later on. I'll wait and see. I have Scottrade Roth IRA that will be merged into TD Ameritrade. Looking through the emails and found out that Scottrade waive the transfer out fee as long as they received the transfer request by 2/16/18. I ...
by zrzhu111
Mon Feb 05, 2018 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: Etrade asset transfer out fees?
Replies: 6
Views: 586

Re: Etrade asset transfer out fees?

Since it is an IRA, perhaps you can liquidate to cash and do a 60-day rollover out without the fee. ok. so I should sell my investments in my IRA account, close the account then make the final payment to myself. Within 60 days, i should deposit the check into Vanguard IRA account. Will tax be withh...
by zrzhu111
Mon Feb 05, 2018 11:51 am
Forum: Personal Finance (Not Investing)
Topic: Etrade asset transfer out fees?
Replies: 6
Views: 586

Etrade asset transfer out fees?

Got an email from Capital One Investing, saying "Your online brokerage account(s) will be moved to E*TRADE® later this year.". I plan to transfer the IRA account to Vanguard. Capital One charges $75. For some reason, I couldn't find the fees for Etrade. I just want to see which company charges less....
by zrzhu111
Thu Dec 28, 2017 10:31 am
Forum: Personal Finance (Not Investing)
Topic: Becoming a Landlord: My Experiences
Replies: 136
Views: 26517

Re: Becoming a Landlord: My Experiences

Very informal post.
by zrzhu111
Wed Jun 28, 2017 11:46 am
Forum: Investing - Help with Personal Investments
Topic: Investment on lump sum of a rollover
Replies: 7
Views: 747

Re: Investment on lump sum of a rollover

Thanks all for the helpful info. I'll mail my check in soon.
by zrzhu111
Mon Jun 26, 2017 5:35 pm
Forum: Investing - Help with Personal Investments
Topic: Investment on lump sum of a rollover
Replies: 7
Views: 747

Re: Investment on lump sum of a rollover

Just rolled over a 401k out and received the check. The balance is about $60k. What should I invest on now? The market seems really expensive now. The 401k plan in the new company doesn't have money market fund. I'm thinking about to put whole amount on Vanguard Inflation-Protected Secs I (VIPIX) f...
by zrzhu111
Mon Jun 26, 2017 4:12 pm
Forum: Investing - Help with Personal Investments
Topic: Investment on lump sum of a rollover
Replies: 7
Views: 747

Re: Investment on lump sum of a rollover

If you rolled over and got a check I'd make sure you understand the rules and taxation and penalty issues that are at stake. Usually the company will send the federal govt 20% of your money and write you a check for the other 80%. The check was written out to fidelity 401k FOB my name, so the tax w...
by zrzhu111
Mon Jun 26, 2017 3:28 pm
Forum: Investing - Help with Personal Investments
Topic: Investment on lump sum of a rollover
Replies: 7
Views: 747

Investment on lump sum of a rollover

I'm 36 years old and have an Roth IRA account. Just rolled over a 401k out and received the check. The balance is about $60k. What should I invest on now? The market seems really expensive now. The 401k plan in the new company doesn't have money market fund. I'm thinking about to put whole amount on...
by zrzhu111
Fri Jun 23, 2017 11:47 am
Forum: Personal Finance (Not Investing)
Topic: Just married: now what?
Replies: 7
Views: 1205

Re: Just married: now what?

For tax, you don't have to file jointly. You can file as married filing separately. If you want to file separately, you need to research if that makes sense to both of you.
by zrzhu111
Fri Jun 23, 2017 9:12 am
Forum: Personal Finance (Not Investing)
Topic: More Questions on DI Quotes
Replies: 4
Views: 895

Re: More Questions on DI Quotes

Thanks for all helpful info provided, BruDude. I showed her the info and she needs to make the decision.
by zrzhu111
Tue Jun 20, 2017 7:15 pm
Forum: Personal Finance (Not Investing)
Topic: More Questions on DI Quotes
Replies: 4
Views: 895

Re: More Questions on DI Quotes

Guardian does have the best coverage you can buy, no doubt about that. Whether it is worth the higher cost is a personal decision. IMO, when there is a 30-40% price difference versus another company that has excellent coverage, it is not. If they were within 10% of each other, I'd pay the higher pr...
by zrzhu111
Mon Jun 19, 2017 10:47 pm
Forum: Personal Finance (Not Investing)
Topic: More Questions on DI Quotes
Replies: 4
Views: 895

More Questions on DI Quotes

I asked a few questions on Guardian DI policy for a friend in other post https://www.bogleheads.org/forum/viewtopic.php?f=2&t=219504 . In summary, she's internal medicine residency program now, 33 years old and has no health issues and not overweight. She's in 4M occupation class.Based on the commen...
by zrzhu111
Sun Jun 18, 2017 10:29 am
Forum: Personal Finance (Not Investing)
Topic: Questions on quote from Guardian DI policy
Replies: 0
Views: 451

Questions on quote from Guardian DI policy

A friend received a quote from Guardian for DI. I've been doing research to help. A lot people say Guardian is really good for physician. Is it because the definition of total disability is good? How is it comparing to other companies? Another question on the elimination period below, what's the dif...
by zrzhu111
Mon May 29, 2017 8:47 pm
Forum: Personal Finance (Not Investing)
Topic: Advice on Disability Insurance quote
Replies: 10
Views: 3149

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
Mon May 29, 2017 8:43 pm
Forum: Personal Finance (Not Investing)
Topic: Advice on Disability Insurance quote
Replies: 10
Views: 3149

Re: Advice on Disability Insurance quote

Finance-MD wrote:---

Since we got our first policies in fellowship, we have increased the coverage annually...
With our current jobs and baby on the way, it may be time to look into increasing the coverage further.
What do you mean by increasing the coverage? Can you elaborate on it? Thanks.
by zrzhu111
Tue May 23, 2017 8:24 am
Forum: Personal Finance (Not Investing)
Topic: Advice on Disability Insurance quote
Replies: 10
Views: 3149

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: 10
Views: 3149

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 pricing, I s...
by zrzhu111
Mon May 22, 2017 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: Advice on Disability Insurance quote
Replies: 10
Views: 3149

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: 1008

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: 1676

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: 1676

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: 1008

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: 1676

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: 1676

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: 1676

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: 1676

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: 1676

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: 1008

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: 1008

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: 1008

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: 1008

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: 384

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: 384

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: 1056

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: 1912

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: 1912

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.