Search found 10697 matches

by DSInvestor
Thu Feb 22, 2018 3:06 pm
Forum: Personal Consumer Issues
Topic: Boglehead Flashlight?
Replies: 43
Views: 2379

Re: Boglehead Flashlight?

I use headlamps for walking the dog. Its much easier to tie off a poo bag with two hands. Much easier to work on stuff around the house with a headlamp rather than a flashlight.
by DSInvestor
Wed Feb 21, 2018 10:00 pm
Forum: Personal Consumer Issues
Topic: Netflix, Your Current Favorite Show
Replies: 390
Views: 43336

Re: Netflix, Your Current Favorite Show

A great mountain climbing documentary called Meru is now available on Netflix. It follows Conrad Anker, Jimmy Chin and Renan Ozturk as they attempt to climb the Shark's Fin on Mount Meru.
by DSInvestor
Wed Feb 21, 2018 9:47 pm
Forum: Investing - Help with Personal Investments
Topic: Can you front load a solo 401k based upon expected income?
Replies: 4
Views: 434

Re: Can you front load a solo 401k based upon expected income?

Depending on how you're organized it takes different amounts of income to be eligible for full 55K Solo 401k contribution. If you're an S-Corp, you'd need W-2 salary of around 146K which would allow 18.5K employee salary deferral and 36.5K employer profit share. If you're schedule C/SE, you'd need a...
by DSInvestor
Wed Feb 21, 2018 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: Need Help Understanding 2017 ACA Insurance Bill for $28,690 and tax liabilities? Confused? ** How to deduct in 2018??
Replies: 87
Views: 4198

Re: Need Help Understanding 2017 ACA Insurance Bill for $28,690 and tax liabilities? Confused? Help?

If your plan is HSA eligible, make 2017 HSA contributions before the tax filing deadline. If you have compensation, make Traditional IRA contributions. At 65K AGI, you should be eligible for full TIRA deduction even if you were covered by an employer plan. If you were self employed and have not maxe...
by DSInvestor
Tue Feb 20, 2018 2:48 pm
Forum: Personal Consumer Issues
Topic: Paying for expedited credit card replacements?
Replies: 16
Views: 588

Re: Paying for expedited credit card replacements?

I have had great experiences with replacements of AMEX gold cards while traveling in and out of the US - overnight service to my hotel or other address. I had some other cards who would only send replacement cards to my home and not to my location if traveling.
by DSInvestor
Tue Feb 20, 2018 2:43 pm
Forum: Investing - Help with Personal Investments
Topic: What funds would you pick for 401k?
Replies: 8
Views: 457

Re: What funds would you pick for 401k?

It is very difficult to see what options are available in your 401k when you list 15+ links. Instead of providing links to each fund, try listing the fund name, ticker and expense ratio. If you have other investments in other accounts, it would be helpful to see what you hold there. If we find that ...
by DSInvestor
Tue Feb 20, 2018 1:26 pm
Forum: Investing - Help with Personal Investments
Topic: Solo 401k - can I still contribute profit sharing for 2017?
Replies: 4
Views: 225

Re: Solo 401k - can I still contribute profit sharing for 2017?

Yes there still is time for you make employer profit share contributions to your Solo 401k for your sole proprietorship. Deadline is tax filing deadline. APRIL 17, 2018. As a part owner of another business, you may have some controlled group issues that may make you ineligible for Solo 401k. Under t...
by DSInvestor
Mon Feb 19, 2018 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: TaxSlayer backdoor Roth IRA help
Replies: 8
Views: 565

Re: TaxSlayer backdoor Roth IRA help

The backdoor into Roth IRA has two steps: 1) Contribution to Traditional IRA 2) Roth conversion. The 1099-R only covers the conversion step of the backdoor into Roth IRA. Make sure you enter your Traditional IRA contribution as well. After the TIRA contribution is entered, the tax software will dete...
by DSInvestor
Mon Feb 19, 2018 12:59 pm
Forum: Investing - Help with Personal Investments
Topic: Can I recharacterize Roth contributions as Traditional contributions?
Replies: 1
Views: 113

Re: Can I recharacterize Roth contributions as Traditional contributions?

Before you recharacterize your 2017 Roth IRA contributions to 2017 Traditional IRA contributions, make sure that you're eligible for the Traditional IRA deduction. If you were covered by an employer plan (pension, 401k, 403b, 457b, SIMPLE-IRA, SEP-IRA, Solo 401k etc), your income may be at a level t...
by DSInvestor
Mon Feb 19, 2018 12:50 pm
Forum: Investing - Help with Personal Investments
Topic: Solo 401k Question
Replies: 14
Views: 875

Re: Solo 401k Question

You would need a qualifying event such as attaining age 59.5, separation from service or shutdown of plan to allow rollover assets out of the solo 401k plan penalty free. If your concern is RMD on the Roth 401k assets, you always have the option of rollover after age 59.5 if you're still working. If...
by DSInvestor
Mon Feb 19, 2018 12:34 pm
Forum: Personal Finance (Not Investing)
Topic: Misc Income [how to report with no 1099]
Replies: 48
Views: 2053

Re: Misc Income [how to report with no 1099]

In addition to the self employment tax on the schedule C income, also check to see if they claim the ACA premium tax credit for health insurance as an increase in income could decrease this credit.
by DSInvestor
Sun Feb 18, 2018 11:21 am
Forum: Personal Finance (Not Investing)
Topic: How to qualify wife for ACA subsidy in 2018
Replies: 18
Views: 1423

Re: How to qualify wife for ACA subsidy in 2018

I will be 69 this month and wife is 60. My projected income for 2018 with SS, company pensions, dividends and rent income will be approximately $68K+. Will not take a RMD from my IRA until 2019. If I could keep my income below $66K for 2018 wife qualifies for $977 per month goverment health care, A...
by DSInvestor
Sun Feb 18, 2018 10:09 am
Forum: Personal Finance (Not Investing)
Topic: How to qualify wife for ACA subsidy in 2018
Replies: 18
Views: 1423

Re: How to qualify wife for ACA subsidy in 2018

Do you have any tax lots with capital losses in your taxable account? Realizing those tax losses could reduce your AGI by up to 3K/yr. For example, you realize 15K of capital loss in 2018. This would reduce your AGI by 3K in 2018 and 12K of loss will carry forward to tax year 2019. 15K of net capita...
by DSInvestor
Sat Feb 17, 2018 12:34 pm
Forum: Investing - Help with Personal Investments
Topic: Mutual Fund selling price
Replies: 9
Views: 515

Re: Mutual Fund selling price

Thanks. Question - if I put in my buy order before the market closes at 4pm EST then I will get the closing price of the MUTF for that date correct? Yes, mutual fund orders submitted before market close will the NAV at that market close. If you submit your mutual fund order at 4:01PM EST (after clo...
by DSInvestor
Fri Feb 16, 2018 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: Connecticut is charging sales tax on out of state purchases
Replies: 40
Views: 2525

Re: Connecticut is charging sales tax on out of state purchases

Mass tried to do this with over the border stores in New Hampshire (no sales tax state). The New Hampshire told Mass to pound sand. Fortunately, Mass has extensive oceanfront beaches to get that sand from. Does MA allow for tax free sales for NH residents shopping in MA? In WA, residents of OR, MT,...
by DSInvestor
Fri Feb 16, 2018 1:14 pm
Forum: Investing - Help with Personal Investments
Topic: Mutual Fund selling price
Replies: 9
Views: 515

Re: Mutual Fund selling price

Novice question here... when I attempt to sell a MUTF it says the selling price will be at the next NAV calculated at closing which can be higher or lower than the last price. So, essentially one is selling without even knowing the price they are selling at. My question is, I am not able to specify...
by DSInvestor
Fri Feb 16, 2018 12:56 pm
Forum: Personal Consumer Issues
Topic: Should I be paying $1300/yr. for under/uninsured motorist protection?
Replies: 76
Views: 4297

Re: Should I be paying $1300/yr. for under/uninsured motorist protection?

Consider that there are approximately 12.5 million undocumented immigrants in this country, the laws of most states do not allow undocumented immigrants to get drivers licenses, and thus most such undocumented immigrants cannot get insurance. So that's maybe three or four out of every 100 drivers i...
by DSInvestor
Fri Feb 16, 2018 12:32 pm
Forum: Investing - Help with Personal Investments
Topic: How to File Separately after Joint Estimated Payments
Replies: 4
Views: 344

Re: How to File Separately after Joint Estimated Payments

I just wanted to make sure you look at the filing status carefully. You probably have given that you're using tax software but it is possible to have missed something in the software as I did last year. For example, if you're getting ACA premium tax credit, filing MFS would make you ineligible for t...
by DSInvestor
Thu Feb 15, 2018 9:52 pm
Forum: Personal Consumer Issues
Topic: Cell phone service
Replies: 38
Views: 2470

Re: Cell phone service

My wife and I have cricket and we are pleased with it. Are you not getting signal in your area? Is 8Mbps data not fast enough for you? We particularly like our plan which allows us to use the phone without fear of roaming charges when we are in Canada. We have taken our cricket phones on cross count...
by DSInvestor
Thu Feb 15, 2018 9:06 pm
Forum: Personal Finance (Not Investing)
Topic: I think I filed my back door roth incorrectly in Turbo tax
Replies: 8
Views: 658

Re: I think I filed my back door roth incorrectly in Turbo tax

The 1099-R only handles the conversion step of the backdoor into Roth IRA. The TIRA contribution step must be entered into Turbotax as well. Turbotax will then determine whether the IRA contribution was deductible or non-deductible. If non-deductible, form 8606 will be added to track the IRA basis a...
by DSInvestor
Thu Feb 15, 2018 12:05 pm
Forum: Investing - Help with Personal Investments
Topic: Break down of self employed investing options
Replies: 4
Views: 267

Re: Break down of self employed investing options

Let’s say that metaphorically we are able to max out our solo 401k, where would we go next? Roth IRA 5.5K for each spouse. Note that you still have time to contribute to Roth IRA for tax year 2017 (deadline is APRIL 17, 2018 tax day) HSA if you have HSA eligible health insurance plan. Taxable Inves...
by DSInvestor
Tue Feb 13, 2018 1:31 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA and contribution deadline question
Replies: 8
Views: 518

Re: Roth IRA and contribution deadline question

While Roth IRA contributions are not visible on your tax return, tax software may track your contributions to track Roth IRA contribution and/or conversion basis. I vaguely remember Turbotax doing this. The IRA contribution whether Roth or Traditional may allow the taxpayer to claim retirement saver...
by DSInvestor
Fri Feb 09, 2018 11:27 pm
Forum: Personal Consumer Issues
Topic: Suggest coffee maker please
Replies: 110
Views: 6346

Re: Suggest coffee maker please

Another vote for Aeropress.
by DSInvestor
Fri Feb 09, 2018 12:06 pm
Forum: Personal Consumer Issues
Topic: Best TV options for multiple residences?
Replies: 9
Views: 516

Re: Best TV options for multiple residences?

If you have a cable subscription with HBO at one home, you can use HBO Go on tablets, Apple TV, Roku at the other homes. CNN also has an app for Apple TV and Roku where you can authenticate using your cable subscription at your main home. Amazon Prime Video, Netflix, Hulu should work great at all ho...
by DSInvestor
Wed Feb 07, 2018 1:07 am
Forum: Personal Finance (Not Investing)
Topic: Accidental Rollover of after tax contributions to a traditional IRA
Replies: 29
Views: 1549

Re: Accidental Rollover of after tax contributions to a traditional IRA

I am retired and am no longer working. All I have is some IRAs and some 401ks from some old employees. So it looks like my only choice is to keep the TIRA and file form 8606 and when I begin to take distributions from my TIRAs, to prorate the portion relating to the $59k to recoup that portion tax ...
by DSInvestor
Tue Feb 06, 2018 7:52 pm
Forum: Personal Consumer Issues
Topic: Best BBQ in Austin
Replies: 33
Views: 2630

Re: Best BBQ in Austin

Franklin Barbecue. Perhaps some locals can provide some suggestions for places without lines.
by DSInvestor
Tue Feb 06, 2018 7:08 pm
Forum: Personal Finance (Not Investing)
Topic: Accidental Rollover of after tax contributions to a traditional IRA
Replies: 29
Views: 1549

Re: Accidental Rollover of after tax contributions to a traditional IRA

Could I get the same result with creating a new TIRA at Vanguard and rollover all the cash but $59k from the current TIRA and then convert the old TIRA to a Roth? My assets in the TIRA have been in a money market account in the TIRA since the distribution. No this won't work because form 8606 asks ...
by DSInvestor
Mon Feb 05, 2018 5:16 pm
Forum: Personal Finance (Not Investing)
Topic: Accidental Rollover of after tax contributions to a traditional IRA
Replies: 29
Views: 1549

Re: Accidental Rollover of after tax contributions to a traditional IRA

Here's some text from my 1099-R for box 5: Box 5. Generally, this shows the employee's investment in the contract (after-tax contributions), if any, recovered tax free this year; the portion that is your basis in a designated Roth account; the part of premiums paid on commercial annuities or insuran...
by DSInvestor
Mon Feb 05, 2018 5:14 pm
Forum: Investing - Help with Personal Investments
Topic: More questions about funding individual 401k
Replies: 4
Views: 216

Re: More questions about funding individual 401k

S corp with no other employees. Unfortunately, income is not totally predictable. Subcontract work with hourly pay. Varies from month to month. Hard to figure out the allowable contribution from the employer side. The employer contribution can be made at any time so you can hold off on employer con...
by DSInvestor
Mon Feb 05, 2018 5:02 pm
Forum: Investing - Help with Personal Investments
Topic: More questions about funding individual 401k
Replies: 4
Views: 216

Re: More questions about funding individual 401k

How is your business organized? If incorporated paying you a W-2 salary, the employee salary deferral contributions must be withheld from paychecks. Once withheld, the corporation makes the contribution on your behalf. The employer profit share can be 0-25% of your W-2 salary, funded by the corporat...
by DSInvestor
Mon Feb 05, 2018 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: Accidental Rollover of after tax contributions to a traditional IRA
Replies: 29
Views: 1549

Re: Accidental Rollover of after tax contributions to a traditional IRA

If you made after-tax non-Roth 401k contributions into the 401k and that money was transferred into a Traditional Rollover IRA, you now have IRA basis that needs to be tracked in form 8606. In this case, you may be able to isolate this IRA basis and convert it to Roth IRA tax free. Say you have IRA ...
by DSInvestor
Mon Feb 05, 2018 4:26 pm
Forum: Investing - Help with Personal Investments
Topic: IRA contribution question. Can my dad contribute?
Replies: 6
Views: 400

Re: IRA contribution question. Can my dad contribute?

Roth IRA contributions are allowed after age 70.5. If they file as married filing jointly, he can contribute to his Roth IRA based on his wife’s compensation. Yes, but if MAGI too high, then backdoor Roth contribution is not allowed if 70.5 or older... Yes, that is correct. The backdoor into Roth I...
by DSInvestor
Mon Feb 05, 2018 1:59 pm
Forum: Investing - Help with Personal Investments
Topic: 31 y.o. - Here's What I'm Doing; What Can I be Doing Better?
Replies: 15
Views: 2289

Re: Here's What I'm Doing - What Can I be Doing Bettere

You can make employer contributions to the i401k of around 20% of net business income to give you some extra tax advantaged space. If your tax situation is such that you’re in a very low or 0% tax bracket, reduce traditional employee i401k and increase Roth i401k contributions. Employer profit share...
by DSInvestor
Mon Feb 05, 2018 1:51 pm
Forum: Investing - Help with Personal Investments
Topic: First investments outside 401k, cash on hand..
Replies: 3
Views: 295

Re: First investments outside 401k, cash on hand..

Increase 401k contributions to max out for 18.5K each. If cannot afford to max out both 401k plans, prioritize his 401k as that seems to have very low expenses. The Transmerica plan may be costly, but let’s see. Consider Traditional 401k contributions and Roth IRA contributions. This will maximize y...
by DSInvestor
Mon Feb 05, 2018 1:28 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA Maxed, Have More To Invest
Replies: 5
Views: 636

Re: Roth IRA Maxed, Have More To Invest

Are you married or single? If married, your spouse can make Roth IRA contributions as well.
by DSInvestor
Mon Feb 05, 2018 1:16 pm
Forum: Investing - Help with Personal Investments
Topic: Solo 401K contribution for W-2
Replies: 1
Views: 141

Re: Solo 401K contribution for W-2

If your wife’s W2 income is from a business that she does not own, she is not eligible for solo 401k. If she owns the business and it has no employees, she can use solo 401k. When I was an S-Corp paying myself a w2 salary, I contributed to solo401k. If she participates in your business, you could pa...
by DSInvestor
Mon Feb 05, 2018 1:06 pm
Forum: Investing - Help with Personal Investments
Topic: IRA contribution question. Can my dad contribute?
Replies: 6
Views: 400

Re: IRA contribution question. Can my dad contribute?

Roth IRA contributions are allowed after age 70.5. If they file as married filing jointly, he can contribute to his Roth IRA based on his wife’s compensation.
by DSInvestor
Mon Feb 05, 2018 1:03 am
Forum: Personal Finance (Not Investing)
Topic: Possible to recharacterize Roth *contribution*?
Replies: 3
Views: 272

Re: Possible to recharacterize Roth *contribution*?

Yes, you can recharacterize a 2017 Roth IRA contribution to a 2017 Traditional IRA contribution even if the contribution was made in calendar 2018. Make sure you're eligible for deductible Traditional IRA contributions. It would not be good to recharacterize only to find out that you cannot take the...
by DSInvestor
Mon Feb 05, 2018 12:53 am
Forum: Personal Finance (Not Investing)
Topic: Legitimate ways to reduce SE tax to 0?
Replies: 10
Views: 1149

Re: Legitimate ways to reduce SE tax to 0?

Don't forget about Medicare eligibility. I believe you need to have at least 40 credits to be eligible for medicare, disability, retirement benefits, survivor benefits for your family.
Social Security benefits: https://www.ssa.gov/planners/credits.html
by DSInvestor
Sun Feb 04, 2018 4:39 pm
Forum: Forum Issues and Administration
Topic: Fewer acronyms please
Replies: 91
Views: 5487

Re: Fewer acronyms please

Acronyms are bad enough but what about redundant acronyms?!! Please no more: IRA account I believe IRA stands for Individual Retirement Arrangement. See IRS Pub 590a: https://www.irs.gov/pub/irs-pdf/p590a.pdf ERISA* uses the terms "individual retirement account" and "individual retirement annuity" ...
by DSInvestor
Sun Feb 04, 2018 4:21 pm
Forum: Forum Issues and Administration
Topic: Fewer acronyms please
Replies: 91
Views: 5487

Re: Fewer acronyms please

dual wrote:
Sun Feb 04, 2018 2:44 am
Acronyms are bad enough but what about redundant acronyms?!! Please no more:

IRA account
While IRA can stand for Individual Retirement Account, I believe that at IRS, IRA stands for Individual Retirement Arrangement. See IRS Pub 590a: https://www.irs.gov/pub/irs-pdf/p590a.pdf
by DSInvestor
Sun Feb 04, 2018 3:24 pm
Forum: Personal Consumer Issues
Topic: T-Mobile Coverage in Rural Areas
Replies: 31
Views: 1125

Re: T-Mobile Coverage in Rural Areas

We did several cross country road trips through the US and Western Canada (BC and Yukon). Our trips were 3-6 months long I had a T-Mobile phone, T-Mobile iPad and my wife had Cricket (AT&T network) phone. T-Mobile worked well in cities. T-Mobile worked even better in Canada where I connected to many...
by DSInvestor
Sun Feb 04, 2018 2:15 pm
Forum: Personal Consumer Issues
Topic: What is the best place to buy pet food online?
Replies: 28
Views: 2033

Re: What is the best place to buy pet food online?

I also like chewy. You have the autoship option with chewy which gives you an extra discount. Autoship does not lock you in. You can change items, delay orders, ship now or cancel. It's really flexible.
by DSInvestor
Sun Feb 04, 2018 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: Criteria used to make Roth Conversion decision
Replies: 39
Views: 2698

Re: Criteria used to make Roth Conversion decision

If you tax situation allows for ACA premium tax credit, be aware that the higher AGI with Roth conversion may reduce or make you ineligible for the credit. Run your numbers carefully.
by DSInvestor
Fri Feb 02, 2018 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Karma Tax and Form 8606 - Guidance does not match IRS?
Replies: 5
Views: 669

Re: Credit Karma Tax and Form 8606 - Guidance does not match IRS?

Form 8606 is required. 1. Make sure you have entered your 2017 Traditional IRA contribution. The tax software should examine your tax situation and determine whether your TIRA contributions are deductible or non-deductible. If you were covered by employer plan for 2017 and have high income, the TIRA...
by DSInvestor
Fri Feb 02, 2018 2:54 pm
Forum: Investing - Theory, News & General
Topic: Leaning Toward Paying Extra Principal to 30 Year Mortgage
Replies: 15
Views: 1162

Re: Leaning Toward Paying Extra Principal to 30 Year Mortgage

You can do a little of both (invest in taxable and make extra principal payments).
by DSInvestor
Fri Feb 02, 2018 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth for 2017 still possible?
Replies: 4
Views: 294

Re: Backdoor Roth for 2017 still possible?

Make sure you tell your 2017 tax software or tax preparer that you made a Traditional IRA contribution for 2017 tax year. This will allow the tax software to determine whether that contribution is deductible or non-deductible. If you were not covered by an employer plan for 2017, the contribution ma...
by DSInvestor
Thu Feb 01, 2018 3:12 pm
Forum: Investing - Help with Personal Investments
Topic: To Sell VGHAX or Not to Sell VGHAX? [Vanguard Health Care Fund Admiral]
Replies: 6
Views: 472

Re: To Sell VGHAX or Not to Sell VGHAX? [Vanguard Health Care Fund Admiral]

Vanguard Healthcare fund is not tax efficient and tends to make large distributions every year. If you have been reinvesting dividends all this time, your unrealized capital gain in this fund may be much lower than you think even though your fund position has doubled in value. Remember that dividend...
by DSInvestor
Thu Feb 01, 2018 1:28 pm
Forum: Personal Consumer Issues
Topic: Netflix, Your Current Favorite Show
Replies: 390
Views: 43336

Re: Netflix, Your Current Favorite Show

I really enjoyed "Cooked" by Michael Pollan, author of The Omnivore's Dilemma.
by DSInvestor
Wed Jan 31, 2018 11:40 am
Forum: Investing - Help with Personal Investments
Topic: How to Minimize capital gains when selling at Vanguard
Replies: 4
Views: 527

Re: How to Minimize capital gains when selling at Vanguard

You want to look for shares that are long term and have the highest cost basis. Remember that capital gain = gross proceeds - cost basis.

Long term capital gains have preferential tax treatment. Short term capital gains (shares held for 1 yr or less) are taxed as ordinary income.