Search found 857 matches
- Mon Mar 18, 2024 6:56 am
- Forum: Personal Finance (Not Investing)
- Topic: Corrected 1099s?
- Replies: 4
- Views: 284
Corrected 1099s?
Are folks seeing many corrected 10999s this year? I've been holding off filing just in case, but its been a few years since I've received an updated one.
- Sun Mar 17, 2024 7:54 am
- Forum: Personal Finance (Not Investing)
- Topic: Confused about 1099-Q and 1098-T
- Replies: 19
- Views: 1432
Re: Confused about 1099-Q and 1098-T
Here’s a good article on coordinating AOTC and 529 plans.
https://www.savingforcollege.com/articl ... 529%20plan.
https://www.savingforcollege.com/articl ... 529%20plan.
- Fri Mar 15, 2024 8:19 am
- Forum: Personal Finance (Not Investing)
- Topic: Pension Protection: Life Insurance vs More Survivor Benefits?
- Replies: 35
- Views: 2555
Re: Pension Protection: Life Insurance vs More Survivor Benefits?
I’d go with 100% option. The weakest points in my retirement plan are when I die early. You could buy the ten year term, but it sounds like if you are doing that, it doesn’t cost much more than the 100% survivor option.
She’ll already be dropping from two Social Security checks to one.
She’ll already be dropping from two Social Security checks to one.
- Sun Mar 10, 2024 2:07 pm
- Forum: Personal Finance (Not Investing)
- Topic: Tax question
- Replies: 22
- Views: 1499
Re: Tax question
About $82.Younglearner wrote: ↑Sun Mar 10, 2024 2:03 pm Another question I do have is there any difference between turbotax and the freetaxusa? I ask this because my dad got the following from Costco- He got it on sale for like 64 I believe:
https://www.costco.com/turbotax-premier ... 26930.html
- Sun Mar 10, 2024 2:06 pm
- Forum: Personal Finance (Not Investing)
- Topic: Tax question
- Replies: 22
- Views: 1499
Re: Tax question
From what I read, scholarship $ can’t be counted as earned income for IRAs.Younglearner wrote: ↑Sun Mar 10, 2024 1:43 pm Thanks so much for the reply! A quick question though is that the scholarship income would not count as earned income for Roth ira purpose, correct? Or will I find out when I file my taxes?
As for the taxability, it should be tax free if less than tuition/books. If you have scholarships exceeding that, it can be taxable. More details at
https://www.irs.gov/taxtopics/tc421
Also research AOTC and make sure your family takes advantage of that.
- Sun Feb 18, 2024 8:31 am
- Forum: Personal Consumer Issues
- Topic: Flaunt Your High-Mileage Car
- Replies: 945
- Views: 150303
Re: Flaunt Your High-Mileage Car
Can you expand on the lifetime warranty? How has that worked out?GoldenFinch wrote: ↑Fri Feb 16, 2024 3:58 am Hit 287K on 2008 Chrysler Town and Country minivan with “lifetime warranty.” It’s still useful.
- Sat Feb 17, 2024 2:40 pm
- Forum: Personal Finance (Not Investing)
- Topic: FreeTaxUSA: entering two W-2s from same employer, each for different states
- Replies: 7
- Views: 758
Re: FreeTaxUSA: entering two W-2s from same employer, each for different states
Check the pdf view of the completed form.
- Sun Feb 04, 2024 8:12 am
- Forum: Personal Investments
- Topic: Highly Compensated Employee (HCE) and 401k
- Replies: 8
- Views: 1253
Re: Highly Compensated Employee (HCE) and 401k
Our company modified the plan after a couple years. She might want to reach out to the 401k committee to see if that is in the works.
However, 401(k) plans are exempt from yearly top-heavy testing if they are safe harbor 401(k) plans that receive minimum safe harbor contributions or elective deferrals.
https://smartasset.com/retirement/401k- ... d-employee
However, 401(k) plans are exempt from yearly top-heavy testing if they are safe harbor 401(k) plans that receive minimum safe harbor contributions or elective deferrals.
https://smartasset.com/retirement/401k- ... d-employee
- Sat Feb 03, 2024 8:14 pm
- Forum: Personal Consumer Issues
- Topic: Is Everyone's Info Really on the Dark Web?
- Replies: 25
- Views: 3359
Re: Is Everyone's Info Really on the Dark Web?
Lots of good advice about freezing your credit.teelainen wrote: ↑Fri Feb 02, 2024 12:21 pm Statistically speaking, what is the likelihood of your name and social security number being on the dark web?
Is it like 5% of all people? 20% of all people? 50% ?
We are trying to decide if we need to purchase this additional coverage from our monitoring service. They have an additional coverage called Dark Web Monitoring and Alerts. We are just not sure if we should purchase it or not.
If 50% is the chance of your data being on the Dark Web, I’d bet on over.
- Fri Feb 02, 2024 9:48 am
- Forum: Personal Finance (Not Investing)
- Topic: How to Strategically Allocate Savings
- Replies: 10
- Views: 952
Re: How to Strategically Allocate Savings
Can you make traditional 403b contributions and covert that to a tIRA later? That would accomplish the same thing. Saving 22% on contributions and paying 12% on withdrawals or 0% on QCDs.
- Sun Jan 28, 2024 4:40 pm
- Forum: Personal Finance (Not Investing)
- Topic: How to distribute inheritance cash with siblings
- Replies: 21
- Views: 3191
Re: How to distribute inheritance cash with siblings
How much is in the checking account and how many siblings?
- Sat Jan 27, 2024 6:38 am
- Forum: Personal Finance (Not Investing)
- Topic: Can I think of retiring?
- Replies: 26
- Views: 4218
Re: Can I think of retiring?
Have filled your 35 years of earnings? Probably doesn't matter but interesting to look at.
Ssa.tools is helpful for that.
- Fri Jan 26, 2024 6:53 pm
- Forum: Personal Finance (Not Investing)
- Topic: 20-30X income, is that the "retirement rut"?
- Replies: 90
- Views: 13512
- Wed Jan 24, 2024 9:53 pm
- Forum: Personal Investments
- Topic: 401k rollover: Company wants money back
- Replies: 60
- Views: 5266
Re: 401k rollover: Company wants money back
My company was bought. I had the option to roll my 401k to an IRA. I took it. I was well under 59.5 years old.
- Tue Jan 23, 2024 3:26 pm
- Forum: Personal Finance (Not Investing)
- Topic: Timing Month of Retirement
- Replies: 33
- Views: 2418
Re: Timing Month of Retirement
If Rule of 55 applies to your 401k, definitely wait till then.
- Mon Jan 22, 2024 8:19 am
- Forum: Personal Finance (Not Investing)
- Topic: Tax Management
- Replies: 11
- Views: 926
Re: Tax Management
Bunching means to to group charitable donations and maybe property taxes so they are paid every other year so you can take advantage of the standard deduction in alternate years.
With a DAF you donate every three or four years, hopefully with appreciated stock to supercharge the effect.
https://www.bogleheads.org/wiki/Donor_advised_fund
- Sun Jan 21, 2024 7:13 pm
- Forum: Investing - Theory, News & General
- Topic: Investment advisors - what is the mandate
- Replies: 36
- Views: 3772
Re: Investment advisors - what is the mandate
I'm a financial advisor, and it's really interesting for me to read all this. For background on what I'm going to say... I work for an independent 2-person RIA. Both of us are CFPs. Neither of us is a lawyer or a CPA. We evaluate Roth conversions and other tax strategies for all clients every year, often several times a year, as clients experience changes in their financial situations. When we talk about our recommendations to our clients, we generally add that it would be good to get their CPA's blessing. We often have a standing permission to talk to the CPA anyway, and in some cases we reach out to them before we even talk to the client, and then we come to the client with a "consensus" advice. In some other cases, the client ...
- Wed Jan 17, 2024 7:46 am
- Forum: Personal Investments
- Topic: 401k fees
- Replies: 30
- Views: 2170
Re: 401k fees
- Wed Jan 17, 2024 7:43 am
- Forum: Personal Investments
- Topic: Treasury Direct - The Eternal Wait and No Way To Track Transfer
- Replies: 70
- Views: 12156
Re: Treasury Direct - The Eternal Wait and No Way To Track Transfer
I went through this last fall and was told it would take six months. Glad to see the streamlined the process and have it down to 13 weeks.BlueFin wrote: ↑Sat Dec 09, 2023 7:44 am We called TD yesterday regarding the transfer of my Mother's I Bonds who died in May 2023. The transfer was initiated in July 2023. Their response was that it takes six months and today is four days short of six months so call back in four days. This doesn't seem reasonable for any organization...even the Government. Has anyone else had this experience?
Still waiting…
- Tue Jan 16, 2024 7:44 am
- Forum: Forum Issues and Administration
- Topic: Forum software upgrade bug reports and change requests
- Replies: 709
- Views: 281643
Re: Forum software upgrade bug reports and change requests
I've accidentally made a duplicate post a couple of times. Maybe teat for that and ask user to confirm if post is a duplicate or just have a pop up after you click submit, stating the comment was posted.
- Tue Jan 16, 2024 7:37 am
- Forum: Personal Investments
- Topic: Keeping income below IRMAA Cut Offs
- Replies: 14
- Views: 2081
Re: Keeping income below IRMAA Cut Offs
Here's a finance buff link discussing a tool.
https://thefinancebuff.com/roth-convers ... irmaa.html
https://thefinancebuff.com/roth-convers ... irmaa.html
- Sat Jan 13, 2024 7:50 am
- Forum: Personal Investments
- Topic: 401k fees
- Replies: 30
- Views: 2170
Re: 401k fees
Just call or email ADP. I asked my provider for the Summary Description Plan and they emailed it within 24 hours
- Sat Jan 13, 2024 7:34 am
- Forum: Personal Finance (Not Investing)
- Topic: An unintended visit from "Aunt IRMAA"?
- Replies: 35
- Views: 5926
Re: An unintended visit from "Aunt IRMAA"?
This shows the 2023 IRMAA threshold as $194K for MFJ.
https://www.ssa.gov/legislation/2023factsheet.pdf
https://www.ssa.gov/legislation/2023factsheet.pdf
- Wed Jan 10, 2024 7:57 pm
- Forum: Personal Finance (Not Investing)
- Topic: Roth Conversions - Underpayment Penalty - Form 2210
- Replies: 27
- Views: 2665
Re: Roth Conversions
My understanding from form 2210 is that only withholding is applied to safe harbor rules, not estimated taxes. So even though your total taxes payments were 110% of last years liability, your withholding during the year did not reach safe harbor. Thus, you did not pay your tax liability in a "timely" manner sometime during the year. You still have 6 days to make another deposit to cover tax liability for the 4th quarter, which includes the Roth and eliminate the penalty if the underpayment was in the last quarter. Try increasing your total estimated payments for the 4th quarter (the previous one and my proposed additional payment) such that the total payment for the 4th quarter is equal to your marginal tax bracket times the amou...
- Wed Jan 10, 2024 7:55 pm
- Forum: Personal Finance (Not Investing)
- Topic: Roth Conversions - Underpayment Penalty - Form 2210
- Replies: 27
- Views: 2665
Re: Roth Conversions
My understanding from form 2210 is that only withholding is applied to safe harbor rules, not estimated taxes. So even though your total taxes payments were 110% of last years liability, your withholding during the year did not reach safe harbor. Thus, you did not pay your tax liability in a "timely" manner sometime during the year. You still have 6 days to make another deposit to cover tax liability for the 4th quarter, which includes the Roth and eliminate the penalty if the underpayment was in the last quarter. Try increasing your total estimated payments for the 4th quarter (the previous one and my proposed additional payment) such that the total payment for the 4th quarter is equal to your marginal tax bracket times the amou...
- Wed Jan 10, 2024 6:50 pm
- Forum: Personal Finance (Not Investing)
- Topic: Roth Conversions - Underpayment Penalty - Form 2210
- Replies: 27
- Views: 2665
Re: Roth Conversions
My understanding from form 2210 is that only withholding is applied to safe harbor rules, not estimated taxes. So even though your total taxes payments were 110% of last years liability, your withholding during the year did not reach safe harbor. Thus, you did not pay your tax liability in a "timely" manner sometime during the year. You still have 6 days to make another deposit to cover tax liability for the 4th quarter, which includes the Roth and eliminate the penalty if the underpayment was in the last quarter. Try increasing your total estimated payments for the 4th quarter (the previous one and my proposed additional payment) such that the total payment for the 4th quarter is equal to your marginal tax bracket times the amou...
- Wed Jan 10, 2024 6:44 pm
- Forum: Personal Finance (Not Investing)
- Topic: Roth Conversions - Underpayment Penalty - Form 2210
- Replies: 27
- Views: 2665
Re: Roth Conversions
Nope. I had plenty withheld, just not 110%Running Bum wrote: ↑Wed Jan 10, 2024 2:19 pm Had you not done the conversion nor made that last est tax payment, would you still have an underpayment penalty?
- Wed Jan 10, 2024 6:31 pm
- Forum: Personal Finance (Not Investing)
- Topic: Roth Conversions - Underpayment Penalty - Form 2210
- Replies: 27
- Views: 2665
Re: Roth Conversions
Title changed.tibbitts wrote: ↑Wed Jan 10, 2024 2:06 pm You might change the subject to add the Form 2210 issue, since that's what you're posting about. I'm not sure if you're asking a question. I also did a large end-of-year conversion and assumed(?) I wouldn't owe a penalty, because withholding plus my payment-from-2022-refund (so, Q1 I assume) combined was 110% of last year's tax, but I have a feeling the tax software will tell me I at least might owe a penalty.
Yes, if I had made sure my withholding was 110% of last year's tax, I would have been fine. As I learned, estimated tax and withholding are different things.
- Wed Jan 10, 2024 6:28 pm
- Forum: Personal Finance (Not Investing)
- Topic: Roth Conversions - Underpayment Penalty - Form 2210
- Replies: 27
- Views: 2665
Re: Roth Conversions
No real question. I'd read a lot of posts saying to make sure you withheld 110% to be in Safe Harbor and avoid penalties, so I was surprised I had a penalty due and wanted to pass on the info. It's only $36, so not a big deal.
- Wed Jan 10, 2024 1:23 pm
- Forum: Personal Finance (Not Investing)
- Topic: Roth Conversions - Underpayment Penalty - Form 2210
- Replies: 27
- Views: 2665
Roth Conversions - Underpayment Penalty - Form 2210
So I bit the bullet and did a substantial Roth Conversion at the end of December and then made an estimated tax payment using the Electronic Federal Tax Payment System (EFTPS) to ensure I paid 110% of last years taxes. After reading Tryingtogetbetter 's thread https://www.bogleheads.org/forum/viewtopic.php?p=7645463#p7645463 I decided to check out Form 2210 using FreeTaxUSA to see if any penalty applied. Turns out there is a penalty of $40 in addition to five figures worth of additional tax for the Roth Conversion. I looked at the "annualization" option, which FreeTaxUSA recommends if you have more income at the end of the year and that dropped the penalty to $36. I tried changing the filing date from April 15th, 2024 to Feb 1st, ...
- Tue Jan 09, 2024 3:48 pm
- Forum: Personal Investments
- Topic: How do I stand?
- Replies: 28
- Views: 3932
Re: How do I stand?
A simple way to approach this is to take your total income, subtract income and FICA taxes, next subtract amount saved during the year. What is left are your expenses. You’ll need to make adjustments for healthcare.Sunshine98 wrote: ↑Tue Jan 09, 2024 1:14 pm Trying to do a better Job on expense tracking: 30 K for main utilities (gas, water, phone, tv, internet etc.). No factoring in gas for car, groceries, anything bought with a credit card (paid in full all the time). But i Know I need to clamp down and keep track of it all better.
- Tue Jan 09, 2024 3:34 pm
- Forum: Personal Consumer Issues
- Topic: Customs in Atlanta airport and a few questions
- Replies: 11
- Views: 1761
Re: Customs in Atlanta airport and a few questions
Flying domestic to Atlanta on a Delta Connect flight then to London on Virgin. Booking everything with Virgin. Questions 1 - How much time should we allow for customs? We do not have Global entry but I read that MPC should help so I've downloaded that app. Question 2 - Do you check our bags all the way to our final destination or do we have to pick them up from the domestic terminal and take them to the International Terminal? It's been many years since I've been in Atlanta and I didn't realize there are two terminals (read somewhere that the domestic terminal requires a bus ride). I've only ridden the train from concourse to concourse but have not left internationally from this airport before. Thanks!! You’ll see the ATL airport described...
- Sat Jan 06, 2024 11:15 am
- Forum: Personal Consumer Issues
- Topic: Freetaxusa vs Turbotax
- Replies: 121
- Views: 16807
Re: Freetaxusa vs Turbotax
I also find FreeTaxUSA pretty responsive. I’ve submitted questions a couple of times and they’ve responded within 24 hours.
I’m not a premium subscriber.
I’m not a premium subscriber.
- Wed Jan 03, 2024 11:30 pm
- Forum: Personal Investments
- Topic: Appointment with local Fidelity Rep: should I bother?
- Replies: 74
- Views: 17650
Re: Appointment with local Fidelity Rep: should I bother?
Ask about free Turbo Tax!
- Thu Dec 28, 2023 11:18 am
- Forum: Personal Investments
- Topic: Roth Conversions
- Replies: 1
- Views: 434
Roth Conversions
Did my first Roth Conversion at E-Trade today. Pretty painless (except the taxes). Transferred shares in-kind plus a little cash. All online and it took about an hour to process :), although the form said it would take one-two business days :( . I used the the Boglehead Personal Finance Toolkit and confirmed the taxes with FreeTaxUSA. I did see a marginal tax bump for NIT but other than that everything went as expected in the 22% & 24% brackets. One thing I had wondered about was if the conversion would impact my ability to make a Roth IRA contribution in 2023. Reviewing IRS Pub 590A, Worksheet 2-1, I see Roth Conversions are subtracted out (line 2) so they don't affect the income restrictions for Roth contributions. The E-Trade online ...
- Tue Dec 26, 2023 12:17 pm
- Forum: Personal Finance (Not Investing)
- Topic: How to Strategically Allocate Savings
- Replies: 10
- Views: 952
Re: How to Strategically Allocate Savings
I’d probably go for some $ in a regular IRA for tax diversity. Your are in the 22% tax bracket and will be just under that (or 25%) in retirement (8K*120%=$115K) but some regular IRA would be helpful for QCDs.
- Tue Dec 26, 2023 8:33 am
- Forum: Personal Finance (Not Investing)
- Topic: Credit card recommendation: one card to rule them all?
- Replies: 95
- Views: 13891
Re: Credit card recommendation: one card to rule them all?
And just leave the credit cards open if they don’t have a fee. Use them twice a year to keep them active to maintain a high credit score.
- Fri Dec 22, 2023 7:01 am
- Forum: Personal Investments
- Topic: Early withdrawal penalty for inherited CDs
- Replies: 8
- Views: 800
Re: Early withdrawal penalty for inherited CDs
If you make 4x the amount by withdrawing early, I don't see how it would be advantageous to not do so, even with higher tax rates. The bonus is closing the estate earlier.
- Thu Dec 21, 2023 6:47 am
- Forum: Personal Finance (Not Investing)
- Topic: 529 distributions - scholarships
- Replies: 6
- Views: 1136
Re: 529 distributions - scholarships
I think your approach is the lowest risk and what I've done to date.lakpr wrote: ↑Mon Dec 18, 2023 7:30 amNo. I stumbled upon the same Investopedia article in my search, but am taking the personal stance that the scholarship money should be removed from the 529 plan in the same calendar year. Hence the "I believe". If paying Spring tuition in December of the preceding year causes angst for the purposes of AOTC (multiple posts in these forums) and the consensus is that it is better to pay the tuition fee in the same calendar year, it is but an extrapolation of the same argument for withdrawal of 529 money against scholarships.
- Thu Dec 21, 2023 6:44 am
- Forum: Personal Investments
- Topic: Please help me consolidate funds after leaving FA.
- Replies: 47
- Views: 5275
Re: Portfolio Review: Please help me consolidate funds after leaving FA.
This is a great site for visualizing taxes.
https://engaging-data.com/tax-brackets/ ... 00&yr=2023
https://engaging-data.com/tax-brackets/ ... 00&yr=2023
- Mon Dec 18, 2023 6:48 am
- Forum: Personal Finance (Not Investing)
- Topic: 529 distributions - scholarships
- Replies: 6
- Views: 1136
Re: 529 distributions - scholarships
I believe the distribution of the amount from 529 plan equal to the scholarship amount must take place in the same calendar year as the one the scholarship had been received. This is not like an HSA where you can hold on to receipts from past medical expenses and reimburse yourself all at once at your choice and convenience. It is more akin to an FSA with its use-it-or-lose-it principle. Do you have a reference for your same year comment? https://www.investopedia.com/news/penaltyfree-way-get-529-money-back/ The timing of a 529 plan distribution based on a scholarship has been a subject of debate among tax experts since Section 529 was incorporated into Public Law 104-188 in 1996. Neither Congress nor the Internal Revenue Service (IRS) offe...
- Sun Dec 17, 2023 8:11 pm
- Forum: Personal Finance (Not Investing)
- Topic: Question on 401k employer match - solved!
- Replies: 76
- Views: 10775
Re: Shorted on 401k employer match
This happened to me one year. The plan was pretty silent about what happened if you max'd out early. After I asked HR, the modified the web site to make it pretty explicit.
Next problem with HCE. Fortunately after a couple years, they implemented a 'safe harbor' contribution and the HCE problems went away.
Next problem with HCE. Fortunately after a couple years, they implemented a 'safe harbor' contribution and the HCE problems went away.
- Fri Dec 15, 2023 5:18 pm
- Forum: Personal Finance (Not Investing)
- Topic: When Did You Feel Financially Secure and Comfortable?
- Replies: 134
- Views: 29422
Re: When Did You Feel Financially Secure and Comfortable?
My mother recently reminded us of times my Dad would live for the day and was always generally comfortable (and spent) within his means. He really did live a good yet relatively short life. There are folks in the middle (not scarcity/cheap/frugal to a point of missing out & also not extravagant, spendy, showy and in debt). I’m glad my Dad showed us this happy middle path. Most of the rest in my family are struggling to figure out this middle ground. I feel lucky for my upbringing which was working class yet very rich ironically (happy times on cheap vacations, weekend trips (free/local), usually great family/friends get togethers. We’re all work in progress on this topic I feel. It is easy to keep peddling on the hamster wheel while th...
- Fri Dec 15, 2023 5:16 pm
- Forum: Personal Finance (Not Investing)
- Topic: Retiring at age 40 with $2.4M
- Replies: 210
- Views: 134534
Re: Retiring at age 40 with $2.4M
I "retired" 10 years ago at age 42 (widowed stay at home mom) with 2 million, a paid off house in a mcol area, and a history of frugal living. Kids were 10 and 14. I was nervous about it then for a variety of reasons. Now I'm 52, on year 6 out of 8 of paying for college expenses, have started taking more expensive annual vacations with my kids, replaced my 1997 vehicle with a new rav4 in 2019, and just passed the 3m mark. I'm feeling much better! I spend about 50k/year + 30k/year more on college. The kids and I received social security survivor's benefits for the first 4, 6 and 8 years. I'm currently invested 55% stocks, 35% bonds, 10% cash. The stock market went up up up, then DOWN, and now back up. Some things to think about: H...
- Fri Dec 15, 2023 5:09 pm
- Forum: Personal Finance (Not Investing)
- Topic: When Did You Feel Financially Secure and Comfortable?
- Replies: 134
- Views: 29422
Re: When Did You Feel Financially Secure and Comfortable?
And I could generate 100K in income, based on the 4% rule. I have a 50K military pension.
And I’m still working a few years later. Go figure.
- Fri Dec 15, 2023 4:28 pm
- Forum: Personal Finance (Not Investing)
- Topic: Retiring at age 40 with $2.4M
- Replies: 210
- Views: 134534
Re: Retiring at age 40 with $2.4M
I "retired" 10 years ago at age 42 (widowed stay at home mom) with 2 million, a paid off house in a mcol area, and a history of frugal living. Kids were 10 and 14. I was nervous about it then for a variety of reasons. Now I'm 52, on year 6 out of 8 of paying for college expenses, have started taking more expensive annual vacations with my kids, replaced my 1997 vehicle with a new rav4 in 2019, and just passed the 3m mark. I'm feeling much better! I spend about 50k/year + 30k/year more on college. The kids and I received social security survivor's benefits for the first 4, 6 and 8 years. I'm currently invested 55% stocks, 35% bonds, 10% cash. The stock market went up up up, then DOWN, and now back up. Some things to think about: H...
- Thu Dec 14, 2023 12:20 pm
- Forum: Personal Finance (Not Investing)
- Topic: 529 withdrawal strategies?
- Replies: 16
- Views: 1908
Re: 529 withdrawal strategies?
Does full ride include room & board or all the expenses listed here?
https://www.savingforcollege.com/articl ... a-529-plan
If it does, are you having your son pay the taxes at his lower rate?
https://www.savingforcollege.com/articl ... a-529-plan
If it does, are you having your son pay the taxes at his lower rate?
- Wed Dec 13, 2023 7:15 am
- Forum: Investing - Theory, News & General
- Topic: Help with math on number of millionaire households
- Replies: 16
- Views: 3965
Re: Help with math on number of millionaire households
A lot of times NW surveys exclude home equity. I didn't see the exclusion in the WSJ article.
I find it interesting that pensions aren't addressed. Seems like a present value calculation would be reasonable. Adding that would bump up the number of millionaires a bit more.
I find it interesting that pensions aren't addressed. Seems like a present value calculation would be reasonable. Adding that would bump up the number of millionaires a bit more.
- Mon Dec 11, 2023 10:27 am
- Forum: Personal Finance (Not Investing)
- Topic: Those with high savings rate: why?
- Replies: 317
- Views: 69869
- Sun Dec 10, 2023 8:16 pm
- Forum: Personal Consumer Issues
- Topic: Suggest me comedy movies to watch as family in Amazon Prime
- Replies: 21
- Views: 3163