Search found 30 matches

by Kristen
Fri Mar 06, 2020 6:32 am
Forum: Personal Finance (Not Investing)
Topic: Another question on Backdoor reporting
Replies: 7
Views: 491

Re: Another question on Backdoor reporting

:oops: Just like the instructions say. Thanks, duckie! I still don't understand the MAGI for traditional on line 11 of the worksheet but the MAGI for the Roth on line 13 is right and so is the end result of nondeductible contributions. I think I'll just file now and quit worrying about it. I appreci...
by Kristen
Thu Mar 05, 2020 9:42 pm
Forum: Personal Finance (Not Investing)
Topic: Another question on Backdoor reporting
Replies: 7
Views: 491

Re: Another question on Backdoor reporting

I paid and can now see Form 8606. Everything looks correct except line 22 (basis in Roth IRA contributions) is blank. There are Roth IRA Record worksheets that show the basis. Does it matter that this is missing from form 8606 itself? It also includes IRA CONTRIBUTION AND DEDUCTION WORKSHEET (2019)....
by Kristen
Mon Mar 02, 2020 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: Another question on Backdoor reporting
Replies: 7
Views: 491

Re: Another question on Backdoor reporting

Thank you! The program does ask about recharacterizations, so I can enter that 500 was recharacterized and it makes me give some additional information. Did you fill out the required recharacterization statement? Yes I did, and it had clear instructions for what was needed there When I get to the en...
by Kristen
Sun Mar 01, 2020 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: Another question on Backdoor reporting
Replies: 7
Views: 491

Re: Another question on Backdoor reporting

Thank you for posting - that link was very helpful. It doesn't cover the case where there was a recharacterization, which is where I think my trouble and confusion lies.
by Kristen
Sun Mar 01, 2020 7:26 am
Forum: Personal Finance (Not Investing)
Topic: Another question on Backdoor reporting
Replies: 7
Views: 491

Another question on Backdoor reporting

Greetings, This is my first year doing the back door Roth and I'm confused with HRBlock. Here is a summary of my IRA activity for 2019 (similar sequence of events for spouse, though the amounts are different): Contributed $500 to Roth Recharacterized to Traditional, at which time it had grown to $53...
by Kristen
Sat Dec 07, 2019 7:30 am
Forum: Personal Consumer Issues
Topic: Bike Rack Recommendations for 2” Hitch
Replies: 32
Views: 2134

Re: Bike Rack Recommendations for 2” Hitch

Another vote for the 1up. Very well-built, all parts are replaceable, easy to use, no plastic, expandable. We went ahead and bought locks for 4 bikes with the expectation to expand, so the rack and 4 bike locks are all keyed the same. We have been very pleased with it.
by Kristen
Tue Dec 03, 2019 6:19 am
Forum: Personal Consumer Issues
Topic: Apps or structured program for reading the Bible?
Replies: 36
Views: 2174

Re: Apps or structured program for reading the Bible?

There are some options here: https://www.christianity.com/bible/year/. You pick one of the plans and it spits out a reading plan for you, including dates. Beginning to End: Read the Bible from start to finish, from Genesis to Revelation. Chronological: Read the Bible as its events occurred in real t...
by Kristen
Wed Oct 09, 2019 6:10 am
Forum: Personal Consumer Issues
Topic: Help Me Decide on a New Vehicle?
Replies: 63
Views: 5401

Re: Help Me Decide on a New Vehicle?

+1 on the Subaru Outback. If possible, you should rent one for at least a few days to really get a feel for the ride and comfort. Any recommendations on how one can rent a Subaru? I'm heading to Denver in December and would gladly pay extra for one. I've never been offered a rental Subaru. Maryland...
by Kristen
Tue Jul 02, 2019 5:25 am
Forum: Personal Investments
Topic: Investing a windfall when the market is at “an all-time high?”
Replies: 33
Views: 4354

Re: Investing a windfall when the market is at “an all-time high?”

In February of 2018 I found a high 5 figure error in my retirement account that required rebalancing from a bond fund into a stock fund. I did not want to fix it because the market was at an "all time high." I had the members of this forum talk me off the market timing ledge and just made the fix. S...
by Kristen
Tue Mar 12, 2019 8:13 pm
Forum: Personal Consumer Issues
Topic: Peanut Butter recommendations
Replies: 84
Views: 7333

Re: Peanut Butter recommendations

Kroger's store brand Natural creamy (or crunchy if that's your jam). Ingredients: Roasted peanuts and salt. Unfortunately it only comes in (teeny tiny) 15 oz jars so you have to buy ~20 at a time, which is a little embarrassing. They are ~1.79 each. It is by far my favorite peanut butter and it also...
by Kristen
Sat Feb 23, 2019 11:32 am
Forum: Personal Investments
Topic: Trad 401k to reduce MAGI or backdoor?
Replies: 11
Views: 830

Re: Trad 401k to reduce MAGI or backdoor?

From reading some other recent threads and the help I've received so far, I need to: 1. Recharacterize my Roth contributions made so far this year as traditional into new Traditional IRAs. 2. Contribute additional money to the new Traditional IRAs to hit the max. 3. Covert these Traditional IRAs int...
by Kristen
Fri Feb 22, 2019 9:39 pm
Forum: Personal Investments
Topic: Trad 401k to reduce MAGI or backdoor?
Replies: 11
Views: 830

Re: Trad 401k to reduce MAGI or backdoor?

Thanks! I am in TX, so no state income tax now and we will most likely either be here or another no income tax state because the idea of paying state income taxes is a huge mental block for me. So with the desire to continue focusing on Roth contributions (while also making sure I don't phase out he...
by Kristen
Fri Feb 22, 2019 6:56 am
Forum: Personal Investments
Topic: Trad 401k to reduce MAGI or backdoor?
Replies: 11
Views: 830

Re: Trad 401k to reduce MAGI or backdoor?

Thanks for the response. I was initially confused by the phrase "fill up the standard deduction." I'm used to thinking in terms of filling up tax brackets, but I think what you are saying is that first you have income to fill up that standard deduction space and THEN you start filling up tax bracket...
by Kristen
Thu Feb 21, 2019 10:06 pm
Forum: Personal Investments
Topic: Trad 401k to reduce MAGI or backdoor?
Replies: 11
Views: 830

Trad 401k to reduce MAGI or backdoor?

Hello, I'm a little stumped and looking for advice. Last year we got a little spendy and are now going to start saving more for retirement. Also, due to recent pay increases, it is possible that this year we will exceed the income limits for full Roth IRA contributions (I expect we will fall somewhe...
by Kristen
Thu Oct 04, 2018 8:41 pm
Forum: Personal Consumer Issues
Topic: Non-fiction bucket list
Replies: 116
Views: 15356

Re: Non-fiction bucket list

Oh my gosh I love book threads. Just Mercy: A Story of Justice and Redemption, Bryan Stevenson -completely changed my view of the death penalty Mistakes Were Made (But Not by Me): Why We Justify Foolish Beliefs, Bad Decisions, and Hurtful Acts, Caroll Tavris and Elliot Aronson On Being Certain: Beli...
by Kristen
Thu Sep 06, 2018 5:29 am
Forum: Personal Consumer Issues
Topic: New Bike Suggestion
Replies: 40
Views: 3418

Re: New Bike Suggestion

CANYON! Depending on what your "needs" are, their entry level road bike (Endurace) is $1500 and is an excellent bike for that price point. Super easy to assemble and you have 30 days to return. Get a professional fit if you need to. I LOVE mine. Rides great, shifts great, looks great, and they way t...
by Kristen
Wed Jun 13, 2018 7:13 pm
Forum: Personal Consumer Issues
Topic: Light Camping Trailer
Replies: 42
Views: 5150

Re: Light Camping Trailer

If you are new to this completely, I recommend starting with an inexpensive used pop-up to get a feel for how you camp and whether you like the pop-up or think something else is a better fit without investing too much money. Ours had a fridge, sink, and a stove you could use inside or outside. We sp...
by Kristen
Sat May 12, 2018 8:39 pm
Forum: Personal Finance (Not Investing)
Topic: Cancer - tips?
Replies: 37
Views: 8282

Re: Cancer - tips?

Camillus, I'm so sorry about your diagnosis. I'm not sure if it's what you are looking for, but my advice will tend toward practical day to day because that is where I feel more qualified to speak and where I have some lessons learned from my own cancer experience. IF you manage the finances in your...
by Kristen
Wed May 02, 2018 5:59 am
Forum: Personal Consumer Issues
Topic: Have you quit eating sugar? Tell me how!
Replies: 129
Views: 15069

Re: Have you quit eating sugar? Tell me how!

Commit to 1 month of no added sweetener (no sugar, maple syrup, honey, or any of those weird sweet chemicals) and tell people you are doing it. Get the sweet stuff out of your house. I find this to work best for me, and I do it a couple of times a year. Ramping down and just eating "less" or calling...
by Kristen
Wed Mar 28, 2018 8:42 pm
Forum: Personal Finance (Not Investing)
Topic: Healthy eaters -- is this grocery budget normal to you?
Replies: 247
Views: 19117

Re: Healthy eaters -- is this grocery budget normal to you?

What an interesting thread! MY jaw hit the floor, so I went and looked at what we spend (since I have conveniently been tracking our spending for the last 15 months). For 2 very active adults, our monthly spending for food at home (and not most of our household goods like paper products or dog food)...
by Kristen
Fri Feb 23, 2018 5:55 am
Forum: Personal Investments
Topic: <gulp> Expensive mistake
Replies: 56
Views: 11152

Re: <gulp> Expensive mistake

Much ado about acronyms, wow! Thank you for all of the replies! I put in the interfund transfer request. I really just needed smart rationale people to tell me what my brain knew but my stomach was resisting. I liked the idea of DCA'ing (dollar cost averaging) the fix, but I just needed to be done w...
by Kristen
Tue Feb 20, 2018 9:37 pm
Forum: Personal Investments
Topic: <gulp> Expensive mistake
Replies: 56
Views: 11152

<gulp> Expensive mistake

About 10 months ago I took some really great recommendations from this board and simplified and reallocated my retirement savings. I got my 2017 TSP statement in the mail this weekend and kept trying to figure out if their printer colors were off or something because it showed a huge chunk of change...
by Kristen
Sat Dec 30, 2017 7:12 pm
Forum: Personal Consumer Issues
Topic: The Economics of a new Puppy
Replies: 113
Views: 9607

Re: The Economics of a new Puppy

Chewy.com has had the best prices on food the last few times I've ordered and has EXCELLENT customer service, including easy, free replacements for things that arrived damaged with no need to return the original item. Dogids.com makes a great waterproof collar with the nameplate built in once you ha...
by Kristen
Wed Apr 12, 2017 8:19 pm
Forum: Personal Investments
Topic: 36yo looking for feedback
Replies: 25
Views: 4219

Re: 36yo looking for feedback

Cancer IS mostly covered by insurance, but that is most of a huge number, leaving plenty to be paid out of the patient’s pocket: in my case, the catastrophic max of $7k for 2 years. (And very quickly my brain has jumped to a car accident in December injuring both of us requiring multiple major surge...
by Kristen
Mon Apr 10, 2017 7:54 pm
Forum: Personal Investments
Topic: 36yo looking for feedback
Replies: 25
Views: 4219

Re: 36yo looking for feedback

Y’all have given me a lot of good info to digest. Chadnudj, Regarding bonds, I didn’t appreciate the magnitude of the impact on returns and losses but I played around with portfolio visualizer a little this morning after seeing it mentioned in another thread. Thanks for highlighting that. Tibbitts, ...
by Kristen
Sun Apr 09, 2017 8:42 am
Forum: Personal Investments
Topic: 36yo looking for feedback
Replies: 25
Views: 4219

Re: 36yo looking for feedback

Ah, forgot about the ability to access TSP if I separate at 55. Losing FEHB would be a huge consideration and dependent on what the insurance landscape looks like at that time - may be a deal breaker. And if I can wait until 55 I can probably wait until 57... Thanks for the additional information on...
by Kristen
Sat Apr 08, 2017 4:56 pm
Forum: Personal Investments
Topic: 36yo looking for feedback
Replies: 25
Views: 4219

Re: 36yo looking for feedback

Lobster, Thanks for the suggestions and explanation of how people talk about international. I had not realized that. You've definitely simplified a couple of things for me. Whaleknives, Thanks for pointing that out, have updated with my current asset allocation. I have played with firecalc and I eit...
by Kristen
Sat Apr 08, 2017 2:37 pm
Forum: Personal Investments
Topic: 36yo looking for feedback
Replies: 25
Views: 4219

36yo looking for feedback

Hello, I’ve enjoyed reading this forum for quite some time but am not much of a poster. I am always impressed by the amount of information and people’s willingness to take the time and share their knowledge. I am a federal employee (~13 yrs) and had always assumed I’d stay in my job until I was 62 a...
by Kristen
Sun Dec 04, 2016 6:45 am
Forum: Personal Finance (Not Investing)
Topic: Federal Blue Cross Standard versus Basic
Replies: 66
Views: 28662

Re: Federal Blue Cross Standard versus Basic

Someone mentioned prescriptions, which reminded me that years ago I did discuss the two plans with a co-worker who chose standard each year because I couldn't figure out what the higher premiums bought you. I don't recall the details but based on some recurring costly medications they needed, they f...
by Kristen
Sat Dec 03, 2016 8:31 pm
Forum: Personal Finance (Not Investing)
Topic: Federal Blue Cross Standard versus Basic
Replies: 66
Views: 28662

Re: Federal Blue Cross Standard versus Basic

I have had BCBS Basic for 12 years. Every year I spent a lot of time researching, but always came back to that one because the costs were set dollar amounts, which I find less scary (15% of WHAT??). I got cancer in early 2015 and that plan has been fantastic. I was treated at a top cancer hospital w...