Search found 5022 matches

by kaneohe
Mon Oct 22, 2018 5:06 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 291
Views: 22542

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

Has anyone else received the “Mark your calendar, Name” email today stated that you have until October 31 for funding? It is not the date but the name that I have a question about. Mine uses my last name which seems odd. Just wondering if I put the names in backwards when I registered? I am confuse...
by kaneohe
Mon Oct 22, 2018 4:48 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 291
Views: 22542

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

Has anyone else received the “Mark your calendar, Name” email today stated that you have until October 31 for funding? It is not the date but the name that I have a question about. Mine uses my last name which seems odd. Just wondering if I put the names in backwards when I registered? I am confuse...
by kaneohe
Mon Oct 22, 2018 4:43 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 291
Views: 22542

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

I have a jt. trust acct at Ally which is not eligible for bonus. If I use these funds to pay bills AFTER the funding period has ended, will that reduce my bonus on the eligible accts? Since trust accounts are not eligible accounts, movement in our out of them isn't factored into the funding period ...
by kaneohe
Mon Oct 22, 2018 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 291
Views: 22542

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

Quick question about the bonus $$ being awarded. In my case, they will be put in my existing Ally savings account. Since I'm very close to getting hit with IRMAA this year, how is this bonus $$ treated tax wise? Hopefully it doesn't count towards MAGI. It counts, but in 2019 rather than 2018, since...
by kaneohe
Mon Oct 22, 2018 9:09 am
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 291
Views: 22542

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

I have a jt. trust acct at Ally which is not eligible for bonus. If I use these funds to pay bills AFTER the funding period has ended, will that reduce my bonus on the eligible accts?
by kaneohe
Sun Oct 21, 2018 6:07 pm
Forum: Personal Finance (Not Investing)
Topic: Experian credit freeze
Replies: 6
Views: 642

Re: Experian credit freeze

Mine says it on the top of p.2 (paper copy)
by kaneohe
Sun Oct 21, 2018 3:04 pm
Forum: Personal Finance (Not Investing)
Topic: Question about 2018 tax scenario--Roth conversion and capital gain in 2018
Replies: 10
Views: 726

Re: Question about 2018 tax scenario--Roth conversion and capital gain in 2018

https://www.mortgagecalculator.org/calcs/1040-calculator.php Stick your numbers in the linked calculator and you should find out no tax? Then look down further to see the tax tables. The 12% tax bracket for singles goes to 38+K . If your taxable income including CG is less than that, your CG are ta...
by kaneohe
Sun Oct 21, 2018 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 291
Views: 22542

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

I tried to sign up for the promo today but I noticed that the new money has to be deposited by 10/31, not 11/5. My impression is that you have to request the funds by 10/31 and receive them by 11/5. Under normal conditions, my impression is that if you meet the first deadline, you should meet the s...
by kaneohe
Sun Oct 21, 2018 9:15 am
Forum: Investing - Help with Personal Investments
Topic: Question Regarding Five Year Rule for Roth IRA Withdrawals (Alan S. Please Help!)
Replies: 34
Views: 2779

Re: Question Regarding Five Year Rule for Roth IRA Withdrawals (Alan S. Please Help!)

..................................... I think a Roth 401k could contain these things*: direct contributions to Roth 401k (contribution) conversion of pre-tax elective deferrals to Roth 401k (conversion with a 5 year clock) rollover/conversion of after-tax account to Roth 401k (the after-tax contrib...
by kaneohe
Sun Oct 21, 2018 9:03 am
Forum: Investing - Help with Personal Investments
Topic: roth conversion and other income tax question
Replies: 7
Views: 780

Re: roth conversion and other income tax question

Thank you for the chart. It is very helpful. So it looks like QDIV and LTCG are stacked on top of ordinary income which includes roth conversion income, interest income, and non-qualified dividend income. It looks like deductions are applied first to ordinary income and QDIV and LTCG are last. Now ...
by kaneohe
Sun Oct 21, 2018 8:23 am
Forum: Investing - Help with Personal Investments
Topic: Question Regarding Five Year Rule for Roth IRA Withdrawals (Alan S. Please Help!)
Replies: 34
Views: 2779

Re: Question Regarding Five Year Rule for Roth IRA Withdrawals (Alan S. Please Help!)

So thanks to OP for posting this.......learned a lot about Roth 401K into Roth IRA. Now wondering if the kawill footnote to table needs to be changed? "4) Any rollover balances from designated Roth accounts should be included in the correct contribution or conversion portions of these tables." Shou...
by kaneohe
Sun Oct 21, 2018 12:43 am
Forum: Investing - Help with Personal Investments
Topic: roth conversion and other income tax question
Replies: 7
Views: 780

Re: roth conversion and other income tax question

https://www.bogleheads.org/forum/viewtopic.php?t=86849 check out the stacked bar chart by tfb on 12/11/11 You will find the QDIV & LTCG stacked on top of the ordinary income at the bottom. The stacked bar chart also shows the deductions at the bottom of the bar where they reduce the ordinary income...
by kaneohe
Sat Oct 20, 2018 7:27 pm
Forum: Investing - Help with Personal Investments
Topic: Question Regarding Five Year Rule for Roth IRA Withdrawals (Alan S. Please Help!)
Replies: 34
Views: 2779

Re: Question Regarding Five Year Rule for Roth IRA Withdrawals (Alan S. Please Help!)

Not intending to steal OP's thunder but some of us have to sleep tonight and the suspense is unbearable. :happy looks like he asked Alan S. about the 2 viewpts and Alan's response was his theory was right but he erred..........easy to understand.......too many numbers running around. "Alan S: You ar...
by kaneohe
Sat Oct 20, 2018 5:27 pm
Forum: Personal Consumer Issues
Topic: Fairmark Forum (Tax Forum)
Replies: 19
Views: 1631

Up Now

It's up and working again. Log in is obvious. I logged in with old user name and password and it worked fine as long as I didn't have the CAPS on accidentally. No obvious explanations........maybe somebody rebooted something which is the only thing I know to do on most things. :happy edit to add: I ...
by kaneohe
Sat Oct 20, 2018 11:30 am
Forum: Investing - Help with Personal Investments
Topic: 529 Question - reversing a superfund in the same calendar year?
Replies: 10
Views: 543

Re: 529 Question - reversing a superfund in the same calendar year?

I have no idea what the answer to your question is but I would encourage you to keep looking. There is the IRA analog to your question. In the IRA case, you can ask for a return of the current yr contribution (and assoc earnings). However you must ask specifically for that yr contribution, not just ...
by kaneohe
Sat Oct 20, 2018 9:14 am
Forum: Investing - Help with Personal Investments
Topic: Question Regarding Five Year Rule for Roth IRA Withdrawals (Alan S. Please Help!)
Replies: 34
Views: 2779

Re: Question Regarding Five Year Rule for Roth IRA Withdrawals (Alan S. Please Help!)

From Alan S. https://www.bogleheads.org/forum/viewtopic.php?f=2&t=248580&p=3911107#p3911107 "When a Roth 401k balance is rolled into a Roth IRA, the new balance in the Roth IRA shifts to Roth IRA accounting. A Roth IRA distribution then follows the Roth IRA ordering rules you are probably familiar ...
by kaneohe
Sat Oct 20, 2018 8:13 am
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 291
Views: 22542

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

............................................................................. Edited to add that although I elected to have the chat e-mailed to me at the end (after taking the survey) it has still not arrived in my inbox. ................................................. had the same problem w/ 3 ...
by kaneohe
Sat Oct 20, 2018 12:14 am
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 291
Views: 22542

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

We had all the "old" money in ineligible trust accounts. New money will be placed in qualifying jt accounts. Am I correct in assuming that the old money can be withdrawn w/o affecting the bonus?
by kaneohe
Fri Oct 19, 2018 10:04 pm
Forum: Investing - Help with Personal Investments
Topic: Question Regarding Five Year Rule for Roth IRA Withdrawals (Alan S. Please Help!)
Replies: 34
Views: 2779

Re: Question Regarding Five Year Rule for Roth IRA Withdrawals (Alan S. Please Help!)

.................................. https://www.kitces.com/blog/understanding-the-two-5-year-rules-for-roth-ira-contributions-and-conversions/ ........................................... I'll have to admit that I didn't read this link very carefully................ but did he say you have to leave R...
by kaneohe
Fri Oct 19, 2018 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: SCHEDULE B: Forgot attaching banks list
Replies: 4
Views: 567

Re: SCHEDULE B: Forgot attaching banks list

Based on nothing more than my own opinion, I would do nothing until asked. I imagine and/or hope that IRS is run based on cost/benefit ratios. If you send it in, you create extra work and gain them nothing. As you say,they should know the total from the 1099s and the detail is there too if they want...
by kaneohe
Fri Oct 19, 2018 8:32 pm
Forum: Personal Finance (Not Investing)
Topic: Property Tax - Deliquency date
Replies: 11
Views: 820

Re: Property Tax - Deliquency date

sounds like CA........if it is, I have routinely mailed it in first wk in Dec for decades and no problems. I think the fine print says they even do it using the postmark date like the Feds do for income tax..........but I've read that not all mail gets postmarked so it might be a bit risky to really...
by kaneohe
Fri Oct 19, 2018 8:17 pm
Forum: Investing - Help with Personal Investments
Topic: Question Regarding Five Year Rule for Roth IRA Withdrawals (Alan S. Please Help!)
Replies: 34
Views: 2779

Re: Question Regarding Five Year Rule for Roth IRA Withdrawals (Alan S. Please Help!)

.................................. https://www.kitces.com/blog/understanding-the-two-5-year-rules-for-roth-ira-contributions-and-conversions/ ........................................... I'll have to admit that I didn't read this link very carefully................ but did he say you have to leave R...
by kaneohe
Fri Oct 19, 2018 4:15 pm
Forum: Personal Consumer Issues
Topic: Temporary Credit Freeze Lift and non-required PINs - no security
Replies: 12
Views: 934

Re: Temporary Credit Freeze Lift and non-required PINs - no security

I had to unfreeze for the Ally promotion. TU required the PIN when I called and it was quick & simple...lifted freeze temporarily and by the time I called Ally a few minutes later it was effective.
by kaneohe
Fri Oct 19, 2018 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 291
Views: 22542

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

Just got my accounts open but I'm wondering how I link my Ally acct to my funding acct? I have to move the funds from a different acct into my funding acct which I'm in the process of doing. Do I need to wait for those funds to be available in my funding acct before I can link it? I thought I read ...
by kaneohe
Fri Oct 19, 2018 3:52 pm
Forum: Investing - Help with Personal Investments
Topic: Question Regarding Five Year Rule for Roth IRA Withdrawals (Alan S. Please Help!)
Replies: 34
Views: 2779

Re: Question Regarding Five Year Rule for Roth IRA Withdrawals (Alan S. Please Help!)

Thanks for the suggestion kaneohe. I've clicked on the link you provided, but I can't find anywhere to login in order to post my question. Am I simply missing something? Yes , but a bunch of us missing the same thing........... https://www.bogleheads.org/forum/viewtopic.php?f=11&t=261791 Sorry for ...
by kaneohe
Fri Oct 19, 2018 1:39 pm
Forum: Personal Consumer Issues
Topic: Fairmark Forum (Tax Forum)
Replies: 19
Views: 1631

Re: Fairmark Forum (Tax Forum)

Tom..........not my link, but I attempted to register just adding a 1 to my user name and it came up with the e-mail address error like your (but not user name). Surely they wouldn't make us change e-mail address, and I thought I already registered for new board, so I think I'm registered already. N...
by kaneohe
Fri Oct 19, 2018 11:51 am
Forum: Personal Consumer Issues
Topic: Fairmark Forum (Tax Forum)
Replies: 19
Views: 1631

Re: Fairmark Forum (Tax Forum)

tom....where did you see that?

only thing I see is:
"Sad to say, we haven’t been able to transfer registrations from our old message board, which ran on badly outdated software. Previous users will have to register again."
by kaneohe
Fri Oct 19, 2018 9:24 am
Forum: Personal Consumer Issues
Topic: Fairmark Forum (Tax Forum)
Replies: 19
Views: 1631

Re: Fairmark Forum (Tax Forum)

Thanks for posting this........I had re-registered for the new forum and had actually posted there. I think subsequent to that the format changed and I noticed recently that the forum was inactive with most posts a wk or so old. I didn't have a need to post so never noticed that logging in was no lo...
by kaneohe
Fri Oct 19, 2018 8:59 am
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 291
Views: 22542

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

The most popular bank on Bogleheads (Ally Bank) is offering 1% extra cash back on any "new" money added before 10/31. You are able to receive up to $1,000 back ($100k deposit). This is also combined with their 1.9% APY. Funds must remain in account until 1/15/19. Cash back bonus deposited by 2/15. ...
by kaneohe
Fri Oct 19, 2018 12:05 am
Forum: Investing - Help with Personal Investments
Topic: Question Regarding Five Year Rule for Roth IRA Withdrawals (Alan S. Please Help!)
Replies: 34
Views: 2779

Re: Question Regarding Five Year Rule for Roth IRA Withdrawals (Alan S. Please Help!)

You may want to post your question at fairmark.com in the retirement forum where it may be more likely
to catch Alan S.'s eye https://fairmark.com/forum/
by kaneohe
Fri Oct 19, 2018 12:01 am
Forum: Investing - Help with Personal Investments
Topic: How much post-tax dollars can you really put in tIRA each year
Replies: 7
Views: 705

Re: How much post-tax dollars can you really put in tIRA each year

https://www.bogleheads.org/wiki/Bbackdoor_Roth_IRA Have you read this? Your questions are confusing.........your title sounds like you want to put post-tax dollars into TIRA but post "How does backdoor work if I cannot contribute pre-tax dollars to tIRA?" suggests you want to contribute pre-tax. Wh...
by kaneohe
Thu Oct 18, 2018 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 291
Views: 22542

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

Do we have the definitive answer about how to get > 1K with two people? I don't think the reps know (for sure).... they seem to talk among themselves rather w/ a higher level.....at least the one I talked to last......a group of 6 of them discussed it and gave me an "answer" instead of going to an a...
by kaneohe
Thu Oct 18, 2018 10:35 am
Forum: Personal Finance (Not Investing)
Topic: In What Order are Tax Credits Applied?
Replies: 6
Views: 567

Re: In What Order are Tax Credits Applied?

https://apps.irs.gov/app/picklist/list/draftTaxForms.html?indexOfFirstRow=25&sortColumn=postedDate&value=1040&criteria=formNumber&resultsPerPage=25&isDescending=true sorry no answers, just homework :happy This link provides the draft versions of the 1040 and various schedules (3,5 , and 8812 and ot...
by kaneohe
Wed Oct 17, 2018 9:32 pm
Forum: Investing - Help with Personal Investments
Topic: Question Regarding Five Year Rule for Roth IRA Withdrawals (Alan S. Please Help!)
Replies: 34
Views: 2779

Re: Question Regarding Five Year Rule for Roth IRA Withdrawals (Alan S. Please Help!)

..................................................................... To sum, it sounds like you both agree it's very likely I can withdraw AT LEAST $107,561 tax-free and penalty-free. The question remains whether or not I can withdraw (tax-free & penalty-free) the additional $10,798 that were earn...
by kaneohe
Wed Oct 17, 2018 7:48 pm
Forum: Investing - Help with Personal Investments
Topic: Question Regarding Five Year Rule for Roth IRA Withdrawals (Alan S. Please Help!)
Replies: 34
Views: 2779

Re: Question Regarding Five Year Rule for Roth IRA Withdrawals (Alan S. Please Help!)

Thanks Horsefly, that's helpful. Regarding the Before Tax 401k ($19,760), Company Match ($26,869), and Supplemental ($2,807) accounts, there were certainly earnings included in those figures. Do you think I'm likely ok to withdraw those amounts tax-free and penalty-free because I paid tax on those ...
by kaneohe
Wed Oct 17, 2018 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: Calculating 2018 Tax Liability
Replies: 20
Views: 2025

Re: Calculating 2018 Tax Liability

I tried the mortgage calculator and the HR Block calculator. The mortgage calculator says I will owe $2k. HR Block says I will get $7k back, but asked me for dividends and interest but did not let me enter the amounts nor my tax loss carry forward. Given how significant dividends and interest are, ...
by kaneohe
Wed Oct 17, 2018 1:47 am
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 291
Views: 22542

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

........................................................ Qualified dividends in our taxable accounts are taxed at the long-term capital gains rate. In our case, we have a 0% LT cap gains rate this year based on our current tax bracket. If we tax-loss harvest this year, those qualified dividends dim...
by kaneohe
Wed Oct 10, 2018 6:39 pm
Forum: Personal Finance (Not Investing)
Topic: Double Recharacterization Question
Replies: 3
Views: 241

Re: Double Recharacterization Question

I believe you cannot recharacterize a recharacterization of a contribution . You also can't recharacterize the same contribution twice. Perhaps you should ask TRP what they intend to report next yr..........perhaps they will just report the first recharacterization and consider the second action to ...
by kaneohe
Wed Oct 10, 2018 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Questions
Replies: 6
Views: 753

Re: Tax Questions

If you contribute 24.5K to 401K and 3.5K to HSA , that is a total of 28K of your 30K earnings. Assuming the HSA
contribution was a pre-tax deduction, your W2 would show 2K for taxable compensation which seems like it would limit your Roth contribution to 2K for the year.
by kaneohe
Wed Oct 10, 2018 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: Best Checking/ System for Cash Management/ Sweeping?
Replies: 11
Views: 1422

Re: Best Checking/ System for Cash Management/ Sweeping?

................................(I used it solely for cash withdrawls). And transfers from Chase to Schwab take 4-5 business days (a big problem in practice). ..................................................... 2. There are no automatic sweep functions that allocate money between the MM/ cash pos...
by kaneohe
Tue Oct 09, 2018 8:56 pm
Forum: Investing - Help with Personal Investments
Topic: MAGI and Social Security
Replies: 18
Views: 1940

Re: MAGI and Social Security

Yes , and better to know you don't know or aren't sure than to not know you don't know .
by kaneohe
Tue Oct 09, 2018 3:04 pm
Forum: Personal Finance (Not Investing)
Topic: Yet another question on cost basis for mutual fund sale
Replies: 3
Views: 386

Re: Yet another question on cost basis for mutual fund sale

You might want to confirm w/ your fund company since they will be preparing your 1099B. Also consider posting your question at fairmark.com in the capital gains forum. I understand why you think you should be able to use specific shares for non-covered shares purchased after you sold the non-covered...
by kaneohe
Tue Oct 09, 2018 11:18 am
Forum: Investing - Help with Personal Investments
Topic: MAGI and Social Security
Replies: 18
Views: 1940

Re: MAGI and Social Security

................................................................ The phrase "adjusted gross income plus certain tax-exempt income which we call "modified adjusted gross income" is confusing in this case because a person might think " certain tax-exempt income" is that part of your SS benefits that ...
by kaneohe
Mon Oct 08, 2018 8:38 pm
Forum: Investing - Help with Personal Investments
Topic: MAGI and Social Security
Replies: 18
Views: 1940

Re: MAGI and Social Security

In defense of IRS lingo............ The confusing part is not realizing there are multiple versions of MAGI. However if you search with an appropriate descriptor and use only government sites,you get reasonably consistent answers. There is no reason to wonder about the non-taxable part of SS since u...
by kaneohe
Mon Oct 08, 2018 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: Does child foreign earned income count as gross income for determining dependent status?
Replies: 6
Views: 318

Re: Does child foreign earned income count as gross income for determining dependent status?

Good job sorting that out! That is a standard issue under the "old" tax laws . As shown here https://www.irs.gov/pub/irs-pdf/p4012.pdf on p. C5 (and footnote 2), the issue of income never comes up for qualifying child. Curious how you got to qualifying relative......did TT not word questions well re...
by kaneohe
Mon Oct 08, 2018 3:29 pm
Forum: Investing - Help with Personal Investments
Topic: MAGI and Social Security
Replies: 18
Views: 1940

Re: MAGI and Social Security

Thanks, I am clear on how to calculate the taxable portion of SS income but the instructions do not indicate if the non-taxable portion should be included in a MAGI calculation. The 15% or more of SS income that is excluded is not one of the things you add back to AGI to get MAGI. https://turbotax....
by kaneohe
Mon Oct 08, 2018 3:15 pm
Forum: Investing - Help with Personal Investments
Topic: MAGI and Social Security
Replies: 18
Views: 1940

Re: MAGI and Social Security

Yankee53 wrote:
Mon Oct 08, 2018 1:00 pm
I assume "tax exempt interest" is not interest realized in a tIRA?
Interest realized in TIRA is tax deferred, not tax exempt.