Search found 10964 matches

by DSInvestor
Thu Apr 18, 2019 11:11 am
Forum: Personal Consumer Issues
Topic: 2016 Toyota Sienna all weather mats
Replies: 12
Views: 641

Re: 2016 Toyota Sienna all weather mats

I don't have a sienna but I really like my weather tech mats that I installed in my Subaru Outback.
by DSInvestor
Thu Apr 18, 2019 11:02 am
Forum: Personal Investments
Topic: Need more interest, non qualified dividends, or STCG!
Replies: 8
Views: 742

Re: Need more interest, non qualified dividends, or STCG!

Another vote for Roth conversion.

If you're receiving ACA premium tax credit, make sure to check on whether the higher AGI with Roth conversion or other income causes you to lose or greatly reduce the credit. Run your numbers carefully with tax software.
by DSInvestor
Mon Apr 15, 2019 10:54 am
Forum: Personal Investments
Topic: Am I correct re: my Roth Conversion?
Replies: 2
Views: 364

Re: Am I correct re: my Roth Conversion?

Keep in mind that the income limits for TIRA deduction and Roth IRA contribution may be different. As such you should check to see if you're eligible for Roth IRA contribution. If eligible for Roth IRA contribution, look into recharacterization of TIRA contribution to a Roth IRA contribution. Rechar...
by DSInvestor
Sun Apr 14, 2019 10:48 am
Forum: Personal Consumer Issues
Topic: Park City Utah Hiking
Replies: 14
Views: 603

Re: Park City Utah Hiking

If you have a smart phone, REI's hiking project app which have lots of trails on it. Some popular trails will be in the featured hikes section. I rolled into Stanley Idaho in the Sawtooth Mountains, sparked up the app and did one of the featured hikes (sawtooth lake) which was spectucular. For bikin...
by DSInvestor
Wed Apr 10, 2019 11:44 pm
Forum: Personal Finance (Not Investing)
Topic: TaxAcT - PSA on gouging
Replies: 14
Views: 1326

Re: TaxAcT - PSA on gouging

I switched from TaxAct to HR Block for 2018 taxes.
by DSInvestor
Mon Apr 08, 2019 12:41 pm
Forum: Personal Investments
Topic: Back door Roth - Spousal Traditional IRA treated deductible?
Replies: 16
Views: 786

Re: Back door Roth - Spousal Traditional IRA treated deductible?

If your wife has other IRA assets say in Rollover IRA, SEP-IRA, SIMPLE-IRA, a non-deductible contribution to Traditional IRA would introduce IRA basis which opens up the issue of the IRA prorata rule to prorate IRA basis on partial conversion. If there are other IRA assets in your wife's name and sh...
by DSInvestor
Mon Apr 01, 2019 3:02 pm
Forum: Personal Investments
Topic: VAIPX Inflation Dividend Not Paid Question
Replies: 3
Views: 321

Re: VAIPX Inflation Dividend Not Paid Question

Fund Distributions The Fund distributes to shareholders virtually all of its net income (interest less expenses) as well as any net short-term or long-term capital gains realized from the sale of its holdings. From time to time, the Fund may also make distributions that are treated as a return of c...
by DSInvestor
Mon Apr 01, 2019 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: ACA and Moving - Questions
Replies: 13
Views: 408

Re: ACA and Moving - Questions

If she has assets in traditional IRA or other retirement accounts, Roth conversions may be effective as a way to boost AGI to be eligible for ACA. It can work the other way too. Convert too much to cause AGI to be too big and one can lose the ACA premium subsidy. She has no retirement assets. Do yo...
by DSInvestor
Mon Apr 01, 2019 11:28 am
Forum: Personal Finance (Not Investing)
Topic: ACA and Moving - Questions
Replies: 13
Views: 408

Re: ACA and Moving - Questions

If she has assets in traditional IRA or other retirement accounts, Roth conversions may be effective as a way to boost AGI to be eligible for ACA. It can work the other way too. Convert too much to cause AGI to be too big and one can lose the ACA premium subsidy.
by DSInvestor
Mon Apr 01, 2019 11:13 am
Forum: Personal Investments
Topic: Optimization of Multiple Account Asset Allocation
Replies: 4
Views: 366

Re: Optimization of Multiple Account Asset Allocation

Hold only one fund in the smaller accounts. For example, the account you called My 401a seems to be around 3% of the portfolio. Hold Total Bond only in that account. Reduce Total Bond in another larger account to compensate. Maybe reduce/eliminate the bond funds in the Roth IRA accounts and increase...
by DSInvestor
Tue Mar 26, 2019 8:33 am
Forum: Personal Investments
Topic: SEP IRA, SOLO 401K and TURBOTAX Question
Replies: 5
Views: 273

Re: SEP IRA TURBOTAX Question

If you want money that you contributed to SEP-IRA to be converted to Roth, do not bother to rollover into Solo 401k. Simply convert the SEP-IRA assets to Roth IRA after your contribution clears. After the SEP-IRA contribution has been made, SEP-IRA is essentially a Traditional IRA, so convert to Rot...
by DSInvestor
Tue Mar 19, 2019 3:09 pm
Forum: Personal Finance (Not Investing)
Topic: Tax question for Solo 401k
Replies: 6
Views: 269

Re: Tax question for Solo 401k

The solo 401k employee salary deferral can be Traditional, Roth or a mix of both if your Solo 401k plan has the Roth option. Not all solo 401k plans offer the Roth option. My fidelity Self Employed 401k plan did not offer Roth option. Vanguard's Individual 401k, E-Trade, TD Waterhouse plans offer th...
by DSInvestor
Tue Mar 19, 2019 2:53 pm
Forum: Personal Finance (Not Investing)
Topic: Cash back credit card w/o annual fee and w/o foreign transaction fee
Replies: 24
Views: 1678

Re: Cash back credit card w/o annual fee and w/o foreign transaction fee

My Capital One Quicksilver has 1.5% cash back, no annual fee and no foreign transaction fee. Really easy redemption of cash back with this card whenever you want. If you're a costco member, costco citi visa card has no annual fee, no foreign transaction fee, 4% cash back on gas, 3% on dining/travel,...
by DSInvestor
Mon Mar 18, 2019 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford a $1.5 million house?
Replies: 125
Views: 8375

Re: Can I afford a $1.5 million house?

masonstone wrote:
Mon Mar 18, 2019 2:30 pm
DSInvestor wrote:
Mon Mar 18, 2019 2:24 pm
Disregarding the affordability issue. Let your parents buy the home. Visit them if you wish. It's less complicated that way.
They can't afford to the buy the house by themselves.
Gift them the extra money if they feel they can't live in a more affordable area and you can afford the gift.
by DSInvestor
Mon Mar 18, 2019 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford a $1.5 million house?
Replies: 125
Views: 8375

Re: Can I afford a $1.5 million house?

Disregarding the affordability issue. Let your parents buy the home. Visit them if you wish. It's less complicated that way.
by DSInvestor
Mon Mar 18, 2019 2:20 pm
Forum: Personal Investments
Topic: Backdoor conversion to Roth IRA, pro-rata rule question
Replies: 3
Views: 213

Re: Backdoor conversion to Roth IRA, pro-rata rule question

IRS form 8606: https://www.irs.gov/pub/irs-pdf/f8606.pdf Form 8606 handles the calculation of the taxable and non-taxable amounts of Roth conversions and IRA withdrawals when there is IRA basis (non-deductible contributions). I suggest that you get familiar with this form. Assets in 401k are not cou...
by DSInvestor
Mon Mar 18, 2019 12:55 pm
Forum: Personal Consumer Issues
Topic: What are the purposes of your travels?
Replies: 60
Views: 3275

Re: What are the purposes of your travels?

End of April is a great time to visit Southern Utah. 5 national parks, utah state parks, BLM areas - incredible beauty every where you look. Fantastic weather, great hiking / mountain biking / rock climbing / canyoneering. Moab is minutes from Arches NP, Canyonlands NP, Dead Horse Point State Park, ...
by DSInvestor
Wed Mar 13, 2019 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: Any credit cards that can beat the Citi doublecash?
Replies: 64
Views: 6308

Re: Any credit cards that can beat the Citi doublecash?

Citi Doublecash is my goto card, but I also use: 1) For foreign transactions, Capital One Quicksilver - No annual fee, no foreign transaction fee, 1.5% cash back. 2) Costco Visa card for gasoline 4% cash back, 3% dining/travel, 2% for costco, 1% everything else. No foreign transaction fee. The Citi ...
by DSInvestor
Thu Mar 07, 2019 4:59 pm
Forum: Personal Investments
Topic: Buy VTSAX or VTI in an IRA acccount?
Replies: 16
Views: 1443

Re: Buy VTSAX or VTI in an IRA acccount?

VTSAX and VTI have the same expense ratio. This isn't technically true anymore. The latest VG report has ETFs at lower ERs than Admiral classes. But they are still close enough that it really boils down to the ability to buy in dollar increments vs share increments. What report is that? I just look...
by DSInvestor
Thu Mar 07, 2019 12:36 am
Forum: Personal Investments
Topic: Buy VTSAX or VTI in an IRA acccount?
Replies: 16
Views: 1443

Re: Buy VTSAX or VTI in an IRA acccount?

If you'd like to use automatic transactions, use the mutual fund share class. Most brokerages do not offer automatic transactions for ETF shares. VTSAX and VTI have the same expense ratio. VTSAX has a 3K minimum initial investment so if your first investment is less than $3000 you cannot buy VTSAX. ...
by DSInvestor
Wed Mar 06, 2019 12:43 pm
Forum: Personal Investments
Topic: A tax question: How to withdraw Roth contributions after moving the whole balance to another broker?
Replies: 8
Views: 507

Re: How to withdraw Roth contributions after moving the whole balance to another broker?

Your Roth IRA contribution basis and Roth IRA conversion basis is tracked by you and not your IRA custodian. You provide this information using form 8606 when you prepare your tax returns. It is possible to have IRAs at many custodians but for the purposes of distributions all Roth IRAs are treated ...
by DSInvestor
Tue Mar 05, 2019 11:11 am
Forum: Personal Investments
Topic: Withdrawing from Roth ira
Replies: 12
Views: 1069

Re: Withdrawing from Roth ira

Money in a Roth IRA that got there using the backdoor into Roth IRA is converted money and that is a separate category from money that got there from a direct contribution. Fairmark.com has a nice section on Roth retirement accounts and here is a link to Roth IRA distribution overview: https://fairm...
by DSInvestor
Fri Mar 01, 2019 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: If I contribute after tax 2018 dollars to fund my IRA and HSA will it reduce my 2018's tax 1040 AGI for IRA and HSA?
Replies: 13
Views: 378

Re: If I contribute after tax 2018 dollars to fund my IRA and HSA will it reduce my 2018's tax 1040 AGI for IRA and HSA?

HSA contributions do not require compensation but they do require that you have an HSA eligible high deductible health insurance plan. IRA contributions require that you have compensation. If you are married, file a joint tax return and your spouse has compensation, you can make spousal IRA contribu...
by DSInvestor
Mon Feb 25, 2019 10:27 pm
Forum: Personal Investments
Topic: Backdoor Roth Turbo Tax 2018
Replies: 4
Views: 398

Re: Backdoor Roth Turbo Tax 2018

I am not using turbotax this year but have used it in the past when I have done the backdoor into Roth IRA. One common mistake is to enter just the 1099-R for the conversion and forget to enter the Traditional IRA contribution. The TradIRA contribution entry will allow the tax software to determine ...
by DSInvestor
Mon Feb 25, 2019 8:55 pm
Forum: Personal Finance (Not Investing)
Topic: ROTH Conversions, Non-Qualified Dividends at Zero Tax?
Replies: 4
Views: 362

Re: ROTH Conversions, Non-Qualified Dividends at Zero Tax?

It's OK to go over the standard deduction. For 2019 Married filing jointly, the 10% bracket goes up to taxable income of 19,400. 19.4K + 24K std deduction = 43.4K. If you have 43.4K of roth conversion and non-qualified dividend income, the fed tax would be 1.94K. your average tax rate is 4.4% (1.94K...
by DSInvestor
Mon Feb 25, 2019 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: ROTH Conversions, Non-Qualified Dividends at Zero Tax?
Replies: 4
Views: 362

Re: ROTH Conversions, Non-Qualified Dividends at Zero Tax?

Don't forget other things that may potentially allow you to have more room for tax free conversion. For example, if you have an HSA eligible health insurance plan and make HSA contributions, that helps reduce your AGI. For 2019, HSA contribution limit is 7K for Married Filing Jointly. So 7K HSA cont...
by DSInvestor
Sat Feb 23, 2019 12:38 pm
Forum: Personal Investments
Topic: Contributed $6K to Roth IRA, but AGI will exceed limits. Backdoor Recharacterize Questions
Replies: 2
Views: 145

Re: Contributed $6K to Roth IRA, but AGI will exceed limits. Backdoor Recharacterize Questions

The 2019 Roth IRA contribution can be recharacterized to a 2019 Traditional IRA contribution. The recharacterization of the 2019 contribution will make it seem as though you had contributed to Traditional IRA all along and as such, any growth or loss since the contribution will be treated like they ...
by DSInvestor
Mon Feb 18, 2019 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: Question re Taxes on Dividends
Replies: 22
Views: 1063

Re: Question re Taxes on Dividends

If your ONLY income is $350k in qualified dividends, you either pay 0%, 15% or 20% (plus Obama’s 3.8%), right? You cant owe more than 23.8%, right? The way I read the actual tax code, the tax rate on a person who has no income other than qualified dividend income should be zero. That level of incom...
by DSInvestor
Wed Feb 13, 2019 12:19 am
Forum: Personal Finance (Not Investing)
Topic: Couple quick Backdoor Roth Questions....
Replies: 3
Views: 339

Re: Couple quick Backdoor Roth Questions....

Your accountant is likely to use tax software to prepare your tax return. Tax software will automatically add form 8606 if you have IRA basis (non-Traditional IRA contribution) and/or you did a Roth conversion. Make sure you tell the accountant that you made a 2018 Traditional IRA contribution. If t...
by DSInvestor
Thu Feb 07, 2019 2:12 pm
Forum: Personal Investments
Topic: IRA in addition to 401k max
Replies: 4
Views: 420

Re: IRA in addition to 401k max

Yes, IRA contribution is allowed above and beyond your 401k max. If you're looking to max out tax advantaged space and are married filing a joint tax return, be aware that your spouse can also contribute to IRA even with no compensation. At your level of income with coverage by 401k, your Traditiona...
by DSInvestor
Tue Feb 05, 2019 2:28 am
Forum: Personal Finance (Not Investing)
Topic: Choose Deductible Roth Conversion or Non Deductible?
Replies: 6
Views: 472

Re: Choose Deductible Roth Conversion or Non Deductible?

Are you covered by an employer plan? If covered and you find that you're eligible for TIRA deduction, perhaps you're eligible for direct Roth IRA contribution. If eligible for Roth contribution, you have a third choice to simply recharacterize your TIRA contribution to a Roth IRA contribution. With ...
by DSInvestor
Tue Feb 05, 2019 1:31 am
Forum: Personal Investments
Topic: Roth IRA, TIRA questions
Replies: 14
Views: 1273

Re: Roth IRA, TIRA questions

Are solo 401k contributions deductible in the same way as TIRA contributions? Solo 401k contributions allow for several types of contributions: 1) Employer profit share. These are pretax and will reduce your AGI and taxable income like Traditional IRA deduction. All solo 401k plans offer this type ...
by DSInvestor
Sun Feb 03, 2019 8:08 pm
Forum: Personal Investments
Topic: Roth IRA, TIRA questions
Replies: 14
Views: 1273

Re: Roth IRA, TIRA questions

I am self employed with a sole proprietorship and have a Roth IRA in my name. Lately my business has done really well and as a result I have already maxed out my 2019 contributions. I want to open another IRA in my wife's name and I'm not sure if it should be traditional or Roth. She doesn't curren...
by DSInvestor
Sun Feb 03, 2019 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Conversion Being Taxed
Replies: 18
Views: 1418

Re: Backdoor Conversion Being Taxed

You did two things 1) Traditional IRA contribution for 2018 and 2) Roth conversion. You must enter each step into your tax return. If you only entered the 1099-R, that only handles the Roth conversion and you missed the TIRA contribution. Depending on your tax situation, your Traditional IRA contrib...
by DSInvestor
Tue Jan 29, 2019 6:56 pm
Forum: Personal Investments
Topic: messed up roth IRA
Replies: 1
Views: 198

Re: messed up roth IRA

Consider a recharacterization of that 2018 Roth IRA contribution to a 2018 Traditional IRA contribution. For more details on recharacterizations, see Fairmark's recharactsrizations page: https://fairmark.com/retirement/roth-accounts/recharacterizations/ Fairmark also has a page on Excess contributio...
by DSInvestor
Mon Jan 28, 2019 1:30 pm
Forum: Personal Investments
Topic: Lousy Bond Choices in 401k -- edited to full template
Replies: 10
Views: 377

Re: Lousy Bond Choices in 401k

63% of your portfolio is in Vanguard Target Retirement 2035. This fund is 23% bonds. Out of that 63%, 23% is bonds. 0.63 X 0.23 = 0.1449 or 14.5%. If all other holdings in the portfolio are stocks, this implies that your total portfolio has around 14.5% bonds. If this is not enough, you can consider...
by DSInvestor
Mon Jan 28, 2019 1:08 pm
Forum: Personal Investments
Topic: Lousy Bond Choices in 401k -- edited to full template
Replies: 10
Views: 377

Re: Lousy Bond Choices in 401k

I suggest treating all accounts together as one big portfolio. As long as the total amount of stocks across all accounts is fine, you're fine. If the 401k has no low cost bond option, use the Rollover IRA to invest in a low cost bond fund like Vanguard Total Bond Market Index. IMO using a bond fund ...
by DSInvestor
Mon Jan 28, 2019 12:39 pm
Forum: Personal Investments
Topic: Roth IRA or TIRA or pay down mortgage?
Replies: 8
Views: 446

Re: Roth IRA or TIRA or pay down mortgage?

I started making extra principal payments after I had maxed out my 401k and IRAs. I suggest prioritizing IRA contributions ahead of attacking the mortgage. ....... Once your income reaches a level where you are not allowed to contribute directly to Roth IRA, consider Traditional IRA contributions (...
by DSInvestor
Mon Jan 28, 2019 12:31 pm
Forum: Personal Investments
Topic: TIRA to ROTH advice - messed up 2018 contributions
Replies: 13
Views: 299

Re: TIRA to ROTH advice - messed up 2018 contributions

Sorry if I am being unclear. I made a TIRA contribution in march of 2018 and had them apply it to the 2017 year. The following day I converted that contribution into a ROTH IRA. I was under the impression that conversion would count for the 2017 tax year (which I think is what i specified). When I ...
by DSInvestor
Mon Jan 28, 2019 12:14 pm
Forum: Personal Investments
Topic: Can you have max out a 401k and have a SEP-IRA?
Replies: 16
Views: 1019

Re: Can you have max out a 401k and have a SEP-IRA?

In your situation where you've maxed out employee contributions at W-2 job, you can either use Solo 401k employer profit share contributions or SEP-IRA contributions to defer some of your self employed income. SEP-IRA has the disadvantage of working against you if you use the backdoor into Roth IRA ...
by DSInvestor
Mon Jan 28, 2019 11:56 am
Forum: Personal Investments
Topic: Roth IRA or TIRA or pay down mortgage?
Replies: 8
Views: 446

Re: Roth IRA or TIRA or pay down mortgage?

I started making extra principal payments after I had maxed out my 401k and IRAs. I suggest prioritizing IRA contributions ahead of attacking the mortgage. Your income and coverage by employer plan (403b and 457b) makes Traditional IRA contributions a poor choice because neither of you are eligible ...
by DSInvestor
Mon Jan 28, 2019 11:26 am
Forum: Personal Finance (Not Investing)
Topic: Double Recharacterization: TIRA -> Roth -> TIRA
Replies: 2
Views: 123

Re: Double Recharacterization: TIRA -> Roth -> TIRA

I do not think it is possible to recharacterize the contribution again. According to Fairmark.com (tax attorney), the recharacterization is an irrevocable election. See Fairmark.com's recharacterization rules: https://fairmark.com/retirement/roth-accounts/recharacterizations/recharacterization-rules...
by DSInvestor
Sun Jan 27, 2019 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: Can sum of IRA contributions exceed Earned Income?
Replies: 14
Views: 894

Re: Can sum of IRA contributions exceed Earned Income?

marcopolo wrote:
Sun Jan 27, 2019 2:59 pm
Too bad a Roth SEP IRA is not allowed.
If you will continue to have self employed income in 2019 and beyond, maybe consider switching to a Solo 401k that offers the Roth option.
by DSInvestor
Sun Jan 27, 2019 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: Can sum of IRA contributions exceed Earned Income?
Replies: 14
Views: 894

Re: Can sum of IRA contributions exceed Earned Income?

If one has a Solo 401k with the option for Roth contributions, I believe it would be possible to contribute 7K to Roth employee salary deferral to Solo 401k which leaves 7K to flow through to the tax return as compensation allowing another 7K to be contributed to TIRA combined to both spouses if mar...
by DSInvestor
Sun Jan 27, 2019 12:57 pm
Forum: Personal Investments
Topic: TLH newb 31 days later
Replies: 11
Views: 646

Re: TLH newb 31 days later

Keep it simple. Just go with VFWAX (Vanguard all World ex-US) without the small cap version. It is close enough to VTIAX (Total International).
by DSInvestor
Fri Jan 25, 2019 11:17 am
Forum: Personal Investments
Topic: Backdoor Roth contribution at age 70+?
Replies: 9
Views: 352

Re: Backdoor Roth contribution at age 70+?

Traditional IRA contributions are NOT permitted for those over age 70.5. If you will be 70.5 by the end of 2020 you are not eligible for any Traditional IRA contributions for this 2020 tax year. For more details see IRS Pub 590A. Roth IRA contributions are not limited by age so if there is a way to ...
by DSInvestor
Thu Jan 24, 2019 11:58 am
Forum: Personal Investments
Topic: TLH newb 31 days later
Replies: 11
Views: 646

Re: TLH newb 31 days later

When selecting TLH replacement holdings, I suggest picking funds that you'd be comfortable holding forever in case the replacement fund has gains after you TLH. The FTSE All World ex-US VFWAX fund is an excellent choice to replace Total International. If you chart both funds together in morningstar,...
by DSInvestor
Wed Jan 23, 2019 11:44 pm
Forum: Personal Consumer Issues
Topic: Internet service speed issue
Replies: 25
Views: 1259

Re: Internet service speed issue

Is there any other activity on your home network when things are slow? When I used to have a lower level of service that had a slow upload speed (similar to yours), things would get really slow when there was a big upload such as a big email or file transfer, a cloud backup when iPhones were plugged...
by DSInvestor
Tue Jan 22, 2019 10:43 am
Forum: Personal Investments
Topic: Tax Gain Harvest vs Roth Conversions?
Replies: 8
Views: 465

Re: Tax Gain Harvest vs Roth Conversions?

I retired with assets in IRA and taxable. While living off the taxable account (Qualified Dividend Income and Long Term Capital Gains), I found that I could take advantage of the 0% tax rate on ordinary income provided by the standard deduction and exemptions. Roth conversions are ordinary income fo...
by DSInvestor
Tue Jan 22, 2019 10:10 am
Forum: Personal Investments
Topic: What domestic fund from 457 in 3 fund?
Replies: 2
Views: 111

Re: What domestic fund from 457 in 3 fund?

An 80/20 mix of Institutional index and Small Cap Index will approximate total stock market.