Search found 18 matches

by sassy_penguin
Wed Mar 14, 2018 11:28 am
Forum: Personal Finance (Not Investing)
Topic: Doing a Backdoor Roth Early in the Tax Year
Replies: 9
Views: 1112

Re: Doing a Backdoor Roth Early in the Tax Year

Not sure I follow. You’re committing to the Roth conversion from day one (I do the same). Why does the Roth income limit have any impact on what you do at tax season? I have no idea :D I have made over the limits for the TIRA for a while, but always well under the Roth cap. This is the first year I...
by sassy_penguin
Tue Mar 13, 2018 2:46 pm
Forum: Personal Finance (Not Investing)
Topic: Doing a Backdoor Roth Early in the Tax Year
Replies: 9
Views: 1112

Doing a Backdoor Roth Early in the Tax Year

I will make too much for a tax-deductible TIRA this year no matter what. I won't know until later in the year if I make too much for a regular Roth contribution, but it seems likely. Since recharacterizations have gone away, I wanted to double check my thinking before taking action. I currently don'...
by sassy_penguin
Tue Dec 19, 2017 4:44 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Question & Cost Basis Method (Vanguard)
Replies: 6
Views: 489

Re: Tax Question & Cost Basis Method (Vanguard)

Looks like I just need to wait until mid-February for the Vanguard tax forms, file the regular 1040 due to income level (I learned this when googling just now, apologies for not doing that first), and stick with Specific Identification as the Cost-Basis Method whenever I stop accumulating and start ...
by sassy_penguin
Tue Dec 19, 2017 3:40 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Question & Cost Basis Method (Vanguard)
Replies: 6
Views: 489

Tax Question & Cost Basis Method (Vanguard)

As 2017 winds down, this will be the first year I ever have money in the stock market that isn't inside a TIRA or Roth. 1) Are there any particular things to look out for or to think ahead on for tax time? I only bought this year, and reinvested everything. Should I just anticipate a single tax form...
by sassy_penguin
Fri Aug 11, 2017 10:43 am
Forum: Investing - Theory, News & General
Topic: "The Simple Path to Wealth" -- A Gem
Replies: 31
Views: 13471

Re: "The Simple Path to Wealth" -- A Gem

I think any book that recommends 100% stocks is dangerous - especially one meant for beginners. A lot of these bloggers are 100% stocks and maybe they can handle it but not many others. A lot started their blogs after 2008 too. Not sure when this one started. I skim many of the "FIRE" websites, and...
by sassy_penguin
Tue Aug 01, 2017 4:28 pm
Forum: Investing - Help with Personal Investments
Topic: Is a TSP considered an IRA? Post-tax IRA Conversion Question
Replies: 9
Views: 1080

Re: Is a TSP considered an IRA? Post-tax IRA Conversion Question

TL;DR version since I realized I am quite verbose, haha. Going forward, I need to just: 1. continue maxing TSP each paycheck, 2. start maxing my 401(a) contribution per check since I don't need to worry about hitting the Defined Contribution Limit, 3. put the rest of my available investment/savings ...
by sassy_penguin
Tue Aug 01, 2017 12:13 am
Forum: Investing - Help with Personal Investments
Topic: Is a TSP considered an IRA? Post-tax IRA Conversion Question
Replies: 9
Views: 1080

Re: Is a TSP considered an IRA? Post-tax IRA Conversion Question

Even if you can't go directly, with a split rollover you can send the after-tax contributions to the Roth and the earnings to a TIRA. You could, if you wanted, then roll that TIRA into the TSP. Or you could leave it if you aren't doing regular Backdoor Roth operations. Thanks! I will still hopefull...
by sassy_penguin
Mon Jul 31, 2017 5:06 pm
Forum: Investing - Help with Personal Investments
Topic: Is a TSP considered an IRA? Post-tax IRA Conversion Question
Replies: 9
Views: 1080

Re: Is a TSP considered an IRA? Post-tax IRA Conversion Question

PS I did roll ~$10,222 of an old TIRA from USAA into my TSP within this calendar year. About $8,000 of it was contributions, so around $2200 in profit. I guess I'd need to figure that in somehow if I just did the "cut a big check for the outstanding difference of my Defined Contribution Limit" optio...
by sassy_penguin
Mon Jul 31, 2017 2:55 pm
Forum: Investing - Help with Personal Investments
Topic: Is a TSP considered an IRA? Post-tax IRA Conversion Question
Replies: 9
Views: 1080

Re: Is a TSP considered an IRA? Post-tax IRA Conversion Question

Even if you can't go directly, with a split rollover you can send the after-tax contributions to the Roth and the earnings to a TIRA. You could, if you wanted, then roll that TIRA into the TSP. Or you could leave it if you aren't doing regular Backdoor Roth operations. Thanks! I will still hopefull...
by sassy_penguin
Mon Jul 31, 2017 1:49 pm
Forum: Investing - Help with Personal Investments
Topic: Is a TSP considered an IRA? Post-tax IRA Conversion Question
Replies: 9
Views: 1080

Re: Is a TSP considered an IRA? Post-tax IRA Conversion Question

That is great news on the TSP not being considered an IRA in any way! Here is some more background: I only have a TSP and a Roth IRA. I am looking at investing into my company's 401(a) with after tax dollars. Once a year I can do a partial withdrawal of everything except for a minimal amount per pay...
by sassy_penguin
Mon Jul 31, 2017 12:26 pm
Forum: Investing - Help with Personal Investments
Topic: Is a TSP considered an IRA? Post-tax IRA Conversion Question
Replies: 9
Views: 1080

Is a TSP considered an IRA? Post-tax IRA Conversion Question

I think the answer is no, but cannot seem to get a "for certain" answer on this. I am mainly asking in the context of rolling a traditional IRA to a Roth IRA in early retirement as part of a Roth Conversion Ladder. 1. Does the amount of cash I have in my TSP effect this at all in terms of the pro-ra...
by sassy_penguin
Mon Apr 03, 2017 5:22 pm
Forum: Investing - Help with Personal Investments
Topic: Questions on Three-Fund Portfolio
Replies: 14
Views: 3673

Re: Questions on Three-Fund Portfolio

Hello. I wanted to thank everyone so far for helping me get things going on setting myself up for the future. A few updates: My Roth IRA is being processed into Vanguard as I type this. It says 6-8 weeks to complete the transaction. As of today I have ~$5,734.57 in VFIFX with ~$12,433.17 coming over...
by sassy_penguin
Mon Jan 09, 2017 4:06 pm
Forum: Investing - Help with Personal Investments
Topic: Questions on Three-Fund Portfolio
Replies: 14
Views: 3673

Re: Questions on Three-Fund Portfolio

Sassy -- a few thoughts for you. First - when looking at income limits realize that the 61k limit is modified adjusted gross income so you subtract exemptions & deductions, & add back some other stuff. You may already know this but ..... Second - you can allocate your contributions to a traditional...
by sassy_penguin
Sat Jan 07, 2017 3:56 am
Forum: Investing - Help with Personal Investments
Topic: Questions on Three-Fund Portfolio
Replies: 14
Views: 3673

Re: Questions on Three-Fund Portfolio

Greetings from a fellow fed! Congratulations on getting thinking about this stuff at a relatively young age. Here are my thoughts: 1. Before you accumulate more cash for investments in a taxable account (at USAA, Vanguard, or wherever), you might want to seriously consider substantially increasing ...
by sassy_penguin
Mon Jan 02, 2017 9:53 am
Forum: Investing - Help with Personal Investments
Topic: Questions on Three-Fund Portfolio
Replies: 14
Views: 3673

Re: Questions on Three-Fund Portfolio

Alright, so I just realized I made my first mistake (other than not investing/saving more up to now)! I wanted to invest the max for IRAs last year, and last week I decided to put $5500 into the traditional IRA I have. I just realized that according to this chart I get no deduction since I made over...
by sassy_penguin
Sun Jan 01, 2017 12:16 pm
Forum: Investing - Help with Personal Investments
Topic: Questions on Three-Fund Portfolio
Replies: 14
Views: 3673

Re: Questions on Three-Fund Portfolio

Alright, ruralavalon! I updated the original post to the best of my ability. Kind of embarrassing I can't even tell you how much is in my TSP at work. I always thought retirement investing was of the "set it and forget it" type, so I haven't tracked it much. I will try to get hard numbers.
by sassy_penguin
Wed Dec 28, 2016 3:10 pm
Forum: Investing - Help with Personal Investments
Topic: Questions on Three-Fund Portfolio
Replies: 14
Views: 3673

Re: Questions on Three-Fund Portfolio

Thanks for your replies everyone. Lazylarry, I like your thought to stick with my allocation percentage with my initial investments and not do 10k in each! In terms of marginal tax rate, I am not totally sure. Playing with an online calculator, it looks to be ~31% or so. More responses to larry: I d...
by sassy_penguin
Mon Dec 26, 2016 3:30 pm
Forum: Investing - Help with Personal Investments
Topic: Questions on Three-Fund Portfolio
Replies: 14
Views: 3673

Questions on Three-Fund Portfolio

I have some general questions. First, I seem to find different names for what seem to be the same things: VTSMX/VTSAX (total stock market index), VGTSX/VTIAX (total int'l stock market index), and VBMFX/VBTLX (total bond market), Is the difference just that one is the slightly lower fee Admiral versi...