Search found 10541 matches

by DSInvestor
Sat Oct 21, 2017 9:56 pm
Forum: Investing - Help with Personal Investments
Topic: ROTH OR IRA
Replies: 6
Views: 241

Re: ROTH OR IRA

I heard few financial advisors on radio suggesting to invest in ROTH. Most people are going to be in a 'lower tax bracket' upon retirement than while working. This is assuming the tax rates remain the same. Also, the other thing that may happen during retirement years is, you may move to a "no tax"...
by DSInvestor
Wed Oct 18, 2017 12:33 am
Forum: Investing - Help with Personal Investments
Topic: Deciding between Roth TSP and Trad TSP
Replies: 26
Views: 1450

Re: Deciding between Roth TSP and Trad TSP

If you have other financial priorities that you're trying to fund like saving for a house downpayment, next car, paying off debt, it would be easier with Traditional TSP contributions rather than Roth TSP.
by DSInvestor
Sun Oct 15, 2017 10:53 pm
Forum: Investing - Help with Personal Investments
Topic: Adding funds to portfolio full of individual stocks
Replies: 7
Views: 541

Re: Adding funds to portfolio full of individual stocks

Are you a W-2 employee working at a company that does not offer an employer sponsored retirement plan? If you're self employed with no employees other than your spouse, you can open a Solo 401k and get a lot more tax advantaged contribution than $5500 for IRA. Boglehead wiki page on Solo 401k: https...
by DSInvestor
Sat Oct 14, 2017 2:27 pm
Forum: Investing - Help with Personal Investments
Topic: 401k Employer match question
Replies: 5
Views: 299

Re: 401k Employer match question

Moving to a state with no income tax will have no impact on the amount of your 401k contributions. It will affect your take home pay as you will no longer have state income taxes withheld. The eliminated state income tax liability going forward may allow you to afford to make larger 401k and/or IRA ...
by DSInvestor
Thu Oct 12, 2017 10:45 am
Forum: Personal Finance (Not Investing)
Topic: Can I contribute to a spousal IRA?
Replies: 5
Views: 366

Re: Can I contribute to a spousal IRA?

If you file your tax returns as married filing jointly, your wife is eligible to make spousal IRA contributions to either Traditional IRA and/or Roth IRA. This is true even if she has no compensation. Roth IRA: Her eligibility for Roth IRA contributions is subject to MAGI limits based on your joint ...
by DSInvestor
Wed Oct 11, 2017 10:47 am
Forum: Personal Consumer Issues
Topic: Quicken for Mac Woes
Replies: 7
Views: 478

Re: Quicken for Mac Woes

My iMac is still running Sierra. Does the upgrade need to be requested? I downloaded it manually from the app store. Click on apple icon on upper left, select App Store. macOS High Sierra should be prominently displayed on the featured apps page. If you don't see it there, search for "macOS High Si...
by DSInvestor
Mon Oct 09, 2017 11:13 am
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth IRA
Replies: 6
Views: 647

Re: Backdoor Roth IRA

When you prepare your 2017 tax return, make sure you enter both steps: 1) Contribution to Traditional IRA for 2017 tax year. This will allow the tax software to examine your tax situation to see if you were covered by an employer plan. If covered and MAGI exceeds certain limits, the TIRA contributio...
by DSInvestor
Mon Oct 09, 2017 9:49 am
Forum: Investing - Help with Personal Investments
Topic: Worth moving existing i401k from Vanguard elsewhere?
Replies: 9
Views: 533

Re: Worth moving existing i401k from Vanguard elsewhere?

If limited to Investor shares, you may be able to get a slightly lower overall expense ratio by using a Target Retirement or Lifestrategy fund that most closely matches your desired asset allocation. Target Retirement 2020 VTWNX er=0.14% Target Retirement 2015 VTXVX er=0.14% LifeStrategy Conservativ...
by DSInvestor
Sun Oct 08, 2017 10:58 pm
Forum: Investing - Help with Personal Investments
Topic: Post reverse rollover timing of backdoor Roth contribution
Replies: 3
Views: 287

Re: Post reverse rollover timing of backdoor Roth contribution

The 2016 Form 8606 line 6 asks for IRA balances as of DEC 31, 2016. The 2017 form will ask for IRA balances as of DEC 31, 2017. The balance on JAN 1 is not considered.

2016 form 8606: https://www.irs.gov/pub/irs-pdf/f8606.pdf
by DSInvestor
Sun Oct 08, 2017 11:43 am
Forum: Investing - Help with Personal Investments
Topic: IRA questions - back door roth when tIRA is co-mingled
Replies: 2
Views: 225

Re: IRA questions - back door roth when tIRA is co-mingled

If your employer plans offer low cost investment options and will accept inbound rollovers from IRA, you can transfer the assets in excess of your IRA basis into your employer plans. This would isolate the IRA basis in your TIRA and allow you to convert that IRA basis to Roth IRA tax free. For examp...
by DSInvestor
Sun Oct 08, 2017 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Change for a $20 requires ID!!
Replies: 22
Views: 2290

Re: Change for a $20 requires ID!!

I have seen inconsistent behavior at different branches. One branch always asks for ID or debit card PIN for any transaction, even changing a $20 for quarters. The other branch next town over does not ask for ID or debit card PIN.
by DSInvestor
Sat Oct 07, 2017 11:48 pm
Forum: Investing - Help with Personal Investments
Topic: Tradittional vs Roth?
Replies: 6
Views: 524

Re: Tradittional vs Roth?

If you currently reside in a state with high state income tax and may move to a state with no state income tax, Roth 401k contributions may mean pre-paying taxes to your current state to avoid a 0% state income tax rate upon withdrawal in retirement. Tax treatment of Traditional 401k contributions a...
by DSInvestor
Sat Oct 07, 2017 8:48 pm
Forum: Personal Finance (Not Investing)
Topic: Issue With Non-Deductible tIRA contribution, Solo 401k Rollover
Replies: 5
Views: 390

Re: Issue With Non-Deductible tIRA contribution, Solo 401k Rollover

If your income is too high to take the TIRA deduction, you should check if you're eligible for Roth IRA contribution. If eligible for Roth IRA contribution, recharacterize your $5500 TIRA contribution to a 2017 Roth IRA contribution. Note that the MAGI limit to take the TIRA deduction while covered ...
by DSInvestor
Fri Oct 06, 2017 9:41 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA conversion my only "income" and when/how to pay taxes
Replies: 8
Views: 678

Re: Roth IRA conversion my only "income" and when/how to pay taxes

How do you qualify for a refund with no earned income? You need earned income for the Earned Income Tax Credit (EITC). You need earned income for the Child Tax Credit. When your only income is from a Roth Conversion, you may not have any income tax to pay, but I don't see a refund. A refund may be ...
by DSInvestor
Thu Oct 05, 2017 11:10 pm
Forum: Investing - Theory, News & General
Topic: VGTSX vs VDVIX / VEIEX blend
Replies: 7
Views: 507

Re: VGTSX vs VDVIX / VEIEX blend

Not sure how much you're investing but if you're investing around 10K, you can get Admiral shares of Total International and have lower expenses of 0.11%. It would take considerably more 50K to get admiral shares of both Developed Markets and Emerging markets funds held separately. Since you're look...
by DSInvestor
Thu Oct 05, 2017 4:16 pm
Forum: Investing - Help with Personal Investments
Topic: Dumb question -LTCG like marginal or step function & bonus question
Replies: 8
Views: 439

Re: Dumb question -LTCG like marginal or step function & bonus question

Seems like a good exercise for your son to run through with tax calculators. Taxcaster has been updated to make it cumbersome to run quick tax scenarios. HRBlock has one that is a little more streamlined. https://www.hrblock.com/get-answers/tax-calculators.html#/en/te/aboutYou Note that even if Fed ...
by DSInvestor
Thu Oct 05, 2017 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: Tax issue - misc (self employment?) income
Replies: 5
Views: 317

Re: Tax issue - misc (self employment?) income

I think Schedules C or C-EZ would handle that 1099-MISC box 7 non-employee compensation. Self employment tax would apply so Schedule SE as well.
by DSInvestor
Tue Oct 03, 2017 1:55 pm
Forum: Investing - Help with Personal Investments
Topic: Are credit cards rewards worth it?
Replies: 103
Views: 6050

Re: Are credit cards rewards worth it?

Since you have the CITI Double Cash card, take a look at CITI PRICE REWIND which is a service where you register your purchases made with citi credit cards and it will search for lower prices for 60 days from date of purchase. If a lower price is found, you will be refunded the price difference. I g...
by DSInvestor
Tue Sep 26, 2017 11:14 am
Forum: Personal Finance (Not Investing)
Topic: Withdraw Roth principal and later redeposit as tIRA?
Replies: 19
Views: 1748

Re: Withdraw Roth principal and later redeposit as tIRA?

OP, In order to be phased out of TIRA deduction, you must be covered by an employer plan like 401k. Are you maxing out your Traditional 401k? If not maxing out Trad 401k, consider increasing those contributions to get max deduction rather than messing with TIRA deduction and its phase out. Tradition...
by DSInvestor
Fri Sep 22, 2017 4:18 pm
Forum: Personal Consumer Issues
Topic: IOS 11: Anybody using it yet?
Replies: 48
Views: 4481

Re: IOS 11: Anybody using it yet?

Any one running old apps that may be 32 bit, be aware that IOS 11 does not support 32 bit apps. If you have apps that have not been updated since mid 2015, it may be a 32 bit app. See arstechica's review of IOS 11 - The end of 32 bit apps:https://arstechnica.com/gadgets/2017/09/ios-11-thoroughly-rev...
by DSInvestor
Fri Sep 22, 2017 10:54 am
Forum: Personal Consumer Issues
Topic: Phone Techies .....
Replies: 32
Views: 2427

Re: Phone Techies .....

I have an iPhone 5S which is almost 3 yrs old. It's still doing well. I prefer smaller phones so it will be iPhone SE for my next upgrade.
by DSInvestor
Wed Sep 20, 2017 1:37 pm
Forum: Investing - Help with Personal Investments
Topic: Roth Conversions and taxes
Replies: 36
Views: 3616

Re: Roth Conversions and taxes

As in my reply to Chip above, I keep some bonds in my taxable account to use during a market correction. Just because all the bonds are in the IRA, it doesn't mean that you can't use bonds to meet a cash need while withdrawing from taxable account. It just requires an extra trade. 1. In taxable, se...
by DSInvestor
Wed Sep 20, 2017 12:54 pm
Forum: Investing - Help with Personal Investments
Topic: Roth Conversions and taxes
Replies: 36
Views: 3616

Re: Roth Conversions and taxes

I do plan to increase our bond holdings and decrease our stock holdings in our tIRA over time to try to keep our RMDs down, but for now, the reason I keep that much in bonds in my taxable account is if/when the market corrects, I can use those bonds for living expenses instead of having to take dis...
by DSInvestor
Tue Sep 19, 2017 12:30 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Location: 401k All Fixed Income?
Replies: 16
Views: 1133

Re: Asset Location: 401k All Fixed Income?

IMO, if their AA calls for bonds then those bonds should be placed in tax advantaged accounts first. For example if they wanted 80/20 stock/bond AA and their 401k is 15% of the portfolio, the 401k can be filled with bonds, then they can complete the bond allocation in taxable accounts. If their 401k...
by DSInvestor
Sun Sep 17, 2017 11:22 am
Forum: Personal Consumer Issues
Topic: point and shoot digital cameras
Replies: 22
Views: 1597

Re: point and shoot digital cameras

What did she decide to get? FWIW, I have a canon powershot and an iPhone 5S. I hardly ever use my powershot. I use the iPhone camera daily and the pics are great. My daughter switched from her iPhone 4S to a low cost android phone and she said the camera is not as good as her old iPhone 4S. If one's...
by DSInvestor
Sat Sep 09, 2017 10:31 am
Forum: Personal Consumer Issues
Topic: DVDs and Longterm Storage
Replies: 7
Views: 602

Re: DVDs and Longterm Storage

I used Vudu's disk to digital service to convert some of my DVDs to a streaming format. If the disk is eligible for conversion it takes a few seconds. Last year, I was able to convert DVDs for $1 each (batch of 10 or more). I think that discount is gone now, so about $2 per DVD to SD resolution. HD ...
by DSInvestor
Sat Sep 09, 2017 10:05 am
Forum: Investing - Help with Personal Investments
Topic: Employing stay at home wife
Replies: 12
Views: 829

Re: Employing stay at home wife

If you pay her 24K W-2 salary, she could contribute 24K where 18K is employee salary deferral and 6K is employer profit share. This assumes she does not contribute to 401k/TSP at her VA job. If she contributes to 401k at her job, be aware that the 18K employee salary deferral limit is shared across ...
by DSInvestor
Wed Sep 06, 2017 11:13 pm
Forum: Personal Consumer Issues
Topic: Wanting a Portable Auto GPS
Replies: 65
Views: 3545

Re: Wanting a Portable Auto GPS

What sort of a hassle is it to get the free updates with a new Garmin? Do you need to mail in copies of the receipts? No need to mail in receipts with Garmin. No hassles at all with getting lifetime map updates from Garmin assuming your device is one that comes with lifetime maps. My 2-3 year old g...
by DSInvestor
Mon Sep 04, 2017 5:29 pm
Forum: Personal Consumer Issues
Topic: Wanting a Portable Auto GPS
Replies: 65
Views: 3545

Re: Wanting a Portable Auto GPS

I am missing something here because why would I want to talk to the GPS and have it link with my cell phone to make a call? Furthermore, why would I want to see who is calling on my GPS instead of looking at the phone or listen to it over the car radio? I have a Garmin Nuvi that is 2-3 years old wh...
by DSInvestor
Sat Sep 02, 2017 11:56 am
Forum: Personal Finance (Not Investing)
Topic: Solo 401k
Replies: 20
Views: 1444

Re: Solo 401k

My wife and I both max out our 401k This sounds like a job for a SEP IRA. Same employer contribution percentage. No change to individual contributions if you're already maxing your 401k. Less paperwork and more investment options if you're a Vanguard fan. The only reason I'd consider dealing with a...
by DSInvestor
Sat Sep 02, 2017 11:55 am
Forum: Personal Finance (Not Investing)
Topic: Solo 401k
Replies: 20
Views: 1444

Re: Solo 401k

My wife and I both max out our 401k This sounds like a job for a SEP IRA. Same employer contribution percentage. No change to individual contributions if you're already maxing your 401k. Less paperwork and more investment options if you're a Vanguard fan. The only reason I'd consider dealing with a...
by DSInvestor
Sun Aug 27, 2017 2:53 pm
Forum: Investing - Help with Personal Investments
Topic: Who is doing 50:50 traditional:Roth 401k/TSP
Replies: 40
Views: 2255

Re: Who is doing 50:50 traditional:Roth 401k/TSP

I would suggest that those who make these strong recommendations without having running the numbers themselves scale back their enthusiasm for any particular strategy. In my case I like the diversified approach and I think the OP is perfectly reasonable to pursue such approach. Remember that at OP'...
by DSInvestor
Sun Aug 27, 2017 1:34 pm
Forum: Investing - Help with Personal Investments
Topic: Who is doing 50:50 traditional:Roth 401k/TSP
Replies: 40
Views: 2255

Re: Who is doing 50:50 traditional:Roth 401k/TSP

I contribute the minimum amount needed my traditional 403b to achieve my employer's match, and once I hit the maximum match, then switch my contributions to Roth 403b to max out at $18K. My employer won't provide any matching contributions if I contribute to the Roth 403b (I have no idea why), so t...
by DSInvestor
Sun Aug 27, 2017 1:10 pm
Forum: Investing - Help with Personal Investments
Topic: Who is doing 50:50 traditional:Roth 401k/TSP
Replies: 40
Views: 2255

Re: Who is doing 50:50 traditional:Roth 401k/TSP

Who is doing 50%-50% traditional-Roth 401k or TSP, and what is your reasoning? Do you think it is a good idea for possible diversification and not exactly knowing what tax bracket you'll be in. It seems like having too many different 401k buckets and too many different 401ks may prove too complicat...
by DSInvestor
Thu Aug 24, 2017 1:17 am
Forum: Personal Consumer Issues
Topic: Miles Davis: Kind of Blue - Question for Jazz experts
Replies: 49
Views: 3357

Re: Miles Davis: Kind of Blue - Question for Jazz experts

Sonny Rollins - Saxaphone Colossus.

Duke Ellington Live at Newport 1956 - Here's a link to a track called Diminuendo in Blue Crescendo in Blue: https://www.youtube.com/watch?v=PYgow060zOg

Lee Morgan - The Sidewinder.
by DSInvestor
Sat Aug 19, 2017 8:05 pm
Forum: Personal Consumer Issues
Topic: Kitchen knife set. Good quality - Recommendations
Replies: 55
Views: 4512

Re: Kitchen knife set. Good quality - Recommendations

America's Test Kitchen really likes the Victorinox Fibrox 8" Chef Knife:
https://www.amazon.com/Victorinox-Fibro ... chef+knife

They test lots of knives and keep coming back to this one.
by DSInvestor
Sat Aug 19, 2017 9:39 am
Forum: Personal Consumer Issues
Topic: Help with overanalyzing purchases
Replies: 17
Views: 1391

Re: Help with overanalyzing purchases

What area causes the issues? Deciding whether to buy something? Choosing which product to buy? Finding the right deal once you've made a choice? All of the above, but mostly the first two. I'm usually good at finding deals because I'm a wise, patient shopper and good negotiator. Been thinking about...
by DSInvestor
Fri Aug 18, 2017 1:57 pm
Forum: Investing - Help with Personal Investments
Topic: Employer 401k Rollover (Deduction Rules)
Replies: 5
Views: 348

Re: Employer 401k Rollover (Deduction Rules)

A rollover of assets in a 401k plan to an IRA is not an IRA contribution and would not consume any of your IRA contribution space. Assuming your 401k contributions were to Traditional 401k, you already received a deduction. For example if your salary is 60K and you contributed 7K to Traditional 401k...
by DSInvestor
Thu Aug 17, 2017 2:51 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth or am I stuck
Replies: 13
Views: 629

Re: Backdoor Roth or am I stuck

Let us know if you want some feedback about the fees in your 403b and 401k plans. If these plans will allow rollovers from IRA, you can use a rollover to isolate your IRA basis to avoid IRA basis proration problems. Also make sure that your 8606 forms are up to date to track the IRA basis over the y...
by DSInvestor
Thu Aug 17, 2017 2:24 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth or am I stuck
Replies: 13
Views: 629

Re: Backdoor Roth or am I stuck

DSI- Thanks for the input. This may be the only year our MAGI is below the MFJ $186K threshold to contribute directly to a Roth IRA. Yes both of our 401k/403B's are traditional employer plans. If your employee salary deferral contributions to your 401k are only 6K, you have 18K of contribution room...
by DSInvestor
Thu Aug 17, 2017 1:35 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth or am I stuck
Replies: 13
Views: 629

Re: Backdoor Roth or am I stuck

If I wanted to do non-deductible IRA contributions now between 52-60 and then convert to Roth via backdoor, what impact does my current situation pose ? Gross Income is $200K If Gross income is 200K and you're maxing out Traditional 401k/403b contributions you may not need to use the backdoor into ...
by DSInvestor
Thu Aug 17, 2017 1:28 pm
Forum: Personal Consumer Issues
Topic: which 27 inch imac to purchase?
Replies: 11
Views: 900

Re: which 27 inch imac to purchase?

RAM is user upgradeable on 27 inch iMacs, so you can start with the base RAM and upgrade later for a much lower cost than what Apple charges. CPU and storage are not user accessible. I don't think you'll notice much difference in CPU. You will notice if you run out of storage space. Fusion drive giv...
by DSInvestor
Thu Aug 17, 2017 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: Scorp 401k Employer Match on Guaraunteed Payments
Replies: 2
Views: 199

Re: Scorp 401k Employer Match on Guaraunteed Payments

I used to have an S-Corp and used a Solo 401k. I'm not sure what type of 401k plan you're using but for Solo 401k, employer profit share when operating as an S-Corp is up to 25% of your gross salary (which includes fringe benefits like personal use of the car, and prorated auto insurance paid by S-c...
by DSInvestor
Tue Aug 15, 2017 3:02 pm
Forum: Investing - Help with Personal Investments
Topic: please help...am I overextended - first home
Replies: 78
Views: 6774

Re: please help...am I overextended - first home

House payment will be $1584 (includes HoA) Does the house payment include property tax? This could be substantial in some locations (Texas, NJ, NY) even for modestly priced homes. What about homeowner insurance? With HOA, you must be careful to review the books of the association to make sure there...
by DSInvestor
Tue Aug 15, 2017 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: Good Banks to Avoid Fees (No minimums, etc.)
Replies: 9
Views: 675

Re: Good Banks to Avoid Fees (No minimums, etc.)

Any credit unions in your area?
by DSInvestor
Tue Aug 15, 2017 12:31 pm
Forum: Investing - Help with Personal Investments
Topic: 401K Fund Choice Guidance
Replies: 13
Views: 695

Re: 401K Fund Choice Guidance

If you want some money in Roth accounts, I think a good default plan is to a) max out Traditional 401k and b) contribute to Roth IRA. Roth 401k contributions are irrevocable once made. Roth IRA contributions offer the option to re characterize to Traditional IRA contribution later. This gives you fl...
by DSInvestor
Tue Aug 15, 2017 11:53 am
Forum: Investing - Help with Personal Investments
Topic: 401K Fund Choice Guidance
Replies: 13
Views: 695

Re: 401K Fund Choice Guidance

IMO, Vanguard Institutional Index VINIX .04 is the only good option that you listed. I suggest dedicating 100% of your 401k to this fund and then round out the portfolio in IRA accounts using low cost options. You should not make any 529 contributions unless you're able to max out all retirement pla...
by DSInvestor
Mon Aug 14, 2017 1:57 pm
Forum: Investing - Theory, News & General
Topic: When stocks drop, which bond funds usually do best and worst?
Replies: 25
Views: 2758

Re: When stocks drop, which bond funds usually do best and worst?

You can check Vanguard's fund listings and adjust to show yearly returns. This display shows returns by year going back to 2007. This would show you how funds did in 2008/2009. I was happy with Total Bond Index's 5% gain in 2008 while stocks were taking a dive. I think treasury bond funds did pretty...
by DSInvestor
Sat Aug 12, 2017 1:57 pm
Forum: Investing - Theory, News & General
Topic: Solo 401k
Replies: 7
Views: 767

Re: Solo 401k

Make sure you set up your SOlo 401k before DEC 31, 2017 if you wish to defer income from tax year 2017. Do not wait until after year end.