Search found 102 matches

by simpleinvesting1
Sat Apr 28, 2012 6:50 pm
Forum: Personal Finance (Not Investing)
Topic: IRS letter: HELP!
Replies: 32
Views: 5021

Re: IRS letter: HELP!

I got the same letter from IRS last week for 2010 Tax return and I am now collecting all the supporting documents that I need to send to IRA this weekend. I did the same thing as most of you posted here. I rolled over my Traditional IRA (Vanguard) to 401K (Fidelity) and then I did backdoor Roth IRA ...
by simpleinvesting1
Mon Mar 05, 2012 10:48 pm
Forum: Investing - Help with Personal Investments
Topic: Please Help! AMT using TurboTax - Form 6251 questions
Replies: 7
Views: 2534

Re: Please Help! AMT using TurboTax - Form 6251 questions

Thanks you interplanetjanet, kaneohe, seagypsy for your help! I think I have to settle with this idea that I have to pay AMT this year. I think I got all the numbers right now. Not sure if I can avoid AMT next year or not, may be not, as '"selling" the ex a child dependent exemption via form 8332' i...
by simpleinvesting1
Sun Mar 04, 2012 3:10 pm
Forum: Investing - Help with Personal Investments
Topic: Please Help! AMT using TurboTax - Form 6251 questions
Replies: 7
Views: 2534

Re: Please Help! AMT using TurboTax - Form 6251 questions

Sorry that I did not get back soon. Was busy at the work during the week and I am back to finish up my tax this weekend. seagypsy, thank you very much for your help. You are right, Turbo pulled the #31 from the Part III line 54. Now I am extremely confused with this AMT. I started reading AMT relate...
by simpleinvesting1
Tue Feb 28, 2012 12:14 am
Forum: Investing - Help with Personal Investments
Topic: Please Help! AMT using TurboTax - Form 6251 questions
Replies: 7
Views: 2534

Please Help! AMT using TurboTax - Form 6251 questions

Hi, everyone! I am using TurboTax. Filing status: Head of Household (single mom with kids) Form 6251 Line #30: 77474 (from TurboTax) Form 6251 Line #31 is where I have problems. Turbo tax shows the number on #31: 19754; this is the number TurboTax shows me after I go through step by step. But if I c...
by simpleinvesting1
Sun Mar 06, 2011 8:24 pm
Forum: Investing - Help with Personal Investments
Topic: Random Acts of Kindness?
Replies: 41
Views: 5953

I am very impressed by the generosity of the Boglehead community. I hope I do more volunteer work after I retire some day.
by simpleinvesting1
Sun Mar 06, 2011 8:08 pm
Forum: Investing - Help with Personal Investments
Topic: PLEASE help how to enter Roth Conversion on Turbo Tax
Replies: 4
Views: 1762

Thanks, thekcsmos! You are right. I was very confused with IRA rollover, recharacterization, and conversion. And Turbo Tax does not make it easier either. I re-did the 1099-R part so many times and at the end, I did it from the form directly as wjwhitney suggested. And I finally got it right. I thin...
by simpleinvesting1
Sun Feb 27, 2011 9:03 pm
Forum: Investing - Help with Personal Investments
Topic: PLEASE help how to enter Roth Conversion on Turbo Tax
Replies: 4
Views: 1762

PLEASE help how to enter Roth Conversion on Turbo Tax

Sorry, the post is a little long. I did two things last year related to Roth IRA contribution: 1. I moved all of my Rollover IRA from Vanguard to my employer 401K (trustee to trustee). After this transfer, I do not have any traditional IRA. 2. I contributed $5000 to non-deductible IRA and then conve...
by simpleinvesting1
Sun Feb 27, 2011 8:10 pm
Forum: Investing - Help with Personal Investments
Topic: Please help me to understand AMT
Replies: 8
Views: 2418

Thank you very much, every one!

I am stilling learning about AMT, and will post later when I have some more information.

Thanks!
by simpleinvesting1
Tue Feb 22, 2011 12:05 am
Forum: Investing - Help with Personal Investments
Topic: Please help me to understand AMT
Replies: 8
Views: 2418

Please help me to understand AMT

I am doing my tax using Turbo Tax and I found today that I need to pay AMT for the first time. I am a little confused. I am not sure why AMT hit me this year considering that this year tax is very similar to last year. I don't have a lot of deductions at all. The main deduction is mortgage and prope...
by simpleinvesting1
Sat Jan 08, 2011 2:49 pm
Forum: Investing - Help with Personal Investments
Topic: If you are 50 or older, what advise would you give a 40y old
Replies: 52
Views: 8875

A lot of good advices from the real experience!

I am really enjoying this thread and thank you all very much for sharing your wisdom.
by simpleinvesting1
Sun Oct 24, 2010 6:36 pm
Forum: Personal Finance (Not Investing)
Topic: Prenuptial Agreement drafted
Replies: 177
Views: 18874

I think OP is doing right thing to protect himself in his situation and his terms are reasonable. I would do the same thing when I get married. If the future spouse refuses to work together on the pre-nup, I would consider it as a red flag and start questioning his/hers motivation of marriage. Good ...
by simpleinvesting1
Wed Sep 08, 2010 10:15 pm
Forum: Investing - Help with Personal Investments
Topic: HELP! Different Income number on Tax 1040 and W2
Replies: 6
Views: 1103

Thank you very much, livesoft, nisiprius, DSInvestor! I double clicked a lot of numbers and opened a lot of forms and finally I found where the difference is coming from. I had ESPP Qualifying Disposition last year and some of gains were reported as Ordinary Income and added into line 7. I do quick ...
by simpleinvesting1
Wed Sep 08, 2010 8:47 pm
Forum: Investing - Help with Personal Investments
Topic: HELP! Different Income number on Tax 1040 and W2
Replies: 6
Views: 1103

Did you get distribution from a 401(k) plan at work because you overcontributed by $100? It would go on line 7. livesoft: I did not overcontribute. My company stops at the max automatically. I need to get this figure out soon, just don't know where I should look. There are so many numbers, and just...
by simpleinvesting1
Wed Sep 08, 2010 8:32 pm
Forum: Investing - Help with Personal Investments
Topic: HELP! Different Income number on Tax 1040 and W2
Replies: 6
Views: 1103

HELP! Different Income number on Tax 1040 and W2

I am doing refinance now. I submitted W2 and Tax return for the last 2 years. For some reason the number on line 7 of 1040 form is different from the box 1 number of W2 of last year. The difference is about $100. And 1040 form shows the higher amount. Now, Underwriter is asking questions why. I do m...
by simpleinvesting1
Fri Sep 03, 2010 10:25 pm
Forum: Investing - Help with Personal Investments
Topic: Is it better to max out 401K as eary as you can?
Replies: 21
Views: 5187

Thank you all for your replies. Seems a lot of people agree that maxing out the 401K as early as you can is a good idea assuming there is no employer match or any other job related issue. I will continue maxing out the 401k early, but do things slightly differently by changing stocks/bonds percentag...
by simpleinvesting1
Fri Sep 03, 2010 7:26 pm
Forum: Investing - Help with Personal Investments
Topic: Is it better to max out 401K as eary as you can?
Replies: 21
Views: 5187

^This then leads to another question: If you buy mostly stocks in taxable and mostly bonds in the 401(k) and you know you will max 401(k) by year-end, should you reduce 401(k) contributions when stocks go down (like in May-June) in order to fund taxable? Then get back on track. I see no reason to w...
by simpleinvesting1
Fri Sep 03, 2010 6:00 pm
Forum: Investing - Help with Personal Investments
Topic: Is it better to max out 401K as eary as you can?
Replies: 21
Views: 5187

Thank you all for your input! It seems that the consensus from the bogleheads is it is better (or statistically better) to contribute 401K early. In my case, my employer will deposit certain percentage of the salary into 401K/Profit Sharing regardless of my 401K contribution. So I do not have employ...
by simpleinvesting1
Fri Sep 03, 2010 1:30 pm
Forum: Investing - Help with Personal Investments
Topic: Is it better to max out 401K as eary as you can?
Replies: 21
Views: 5187

Is it better to max out 401K as eary as you can?

Is there any strong advantage to max out 401K as early as you can vs. DCA 401K throughout the year?

Thanks!
by simpleinvesting1
Fri Sep 03, 2010 1:35 am
Forum: Investing - Help with Personal Investments
Topic: Oregon 529 question
Replies: 2
Views: 838

I use Oregon 529. I don't think the fees are the lowest. I get the state tax deduction using OR 529, and fund selection seems OK. I use combination of Conservative Portfolio fund and Moderate Portfolio fund to come up relatively conservative AA around 22/78 stocks/bonds for both of my two kids (4-6 ...
by simpleinvesting1
Thu Sep 02, 2010 11:55 pm
Forum: Personal Consumer Issues
Topic: Looking for a specific thread
Replies: 3
Views: 998

Could it be this one? Chronic Low Back Pain The best way to search something like this is to use the search box on the site homepage (which runs a google search of our site) and put the phrase in quotation marks, e.g. "back pain". So your search is http://www.google.com/search?q=%22back+pain%22&sit...
by simpleinvesting1
Thu Sep 02, 2010 1:04 am
Forum: Personal Consumer Issues
Topic: Looking for a specific thread
Replies: 3
Views: 998

Looking for a specific thread

Hi, If I remember correctly, some time ago we had a thread on this bogleheads community that people talked about back pain (especially lower back pain) and good suggestions/recommendations about seeking the treatment. I tried to do the search with many different combination of words including "back"...
by simpleinvesting1
Fri Aug 27, 2010 10:32 am
Forum: Personal Finance (Not Investing)
Topic: National Mortgage Alliance escrow waiver fee?
Replies: 63
Views: 9338

Mike:

This is very good information. I have been enjoying reading your post a lot.

I am going to do the re-finance too.

Thanks!
by simpleinvesting1
Thu Aug 26, 2010 11:15 pm
Forum: Personal Finance (Not Investing)
Topic: National Mortgage Alliance escrow waiver fee?
Replies: 63
Views: 9338

Mike:

When you say no closing cost refinance, does that mean no lender fee, no third party fee, or any other closing fee at all? You only need to bring pre-paid interest and escrow fees to close?

Thanks!
by simpleinvesting1
Sun Jul 18, 2010 3:04 pm
Forum: Investing - Help with Personal Investments
Topic: What returns are you actually realizing?
Replies: 54
Views: 6145

Could someone please tell me how I can see or calculate my previous years total return from all my accounts when I have several accounts in different Institutes? I do not have organized statements from all these accounts. Can I still do that? For my 401K(fidelity), it allows me to see previous 24 m...
by simpleinvesting1
Sun Jul 18, 2010 1:22 pm
Forum: Investing - Help with Personal Investments
Topic: What returns are you actually realizing?
Replies: 54
Views: 6145

Could someone please tell me how I can see or calculate my previous years total return from all my accounts when I have several accounts in different Institutes? I do not have organized statements from all these accounts. Can I still do that? For my 401K(fidelity), it allows me to see previous 24 mo...
by simpleinvesting1
Mon Mar 29, 2010 2:25 am
Forum: Investing - Help with Personal Investments
Topic: How to decide AA in 529?
Replies: 8
Views: 1567

How to decide AA in 529?

I have 529 savings for my two kids. They are 12 and 14 years old and 6 and 4 years away from College. I can not decide what AA I should use for their 529 accounts. I treat these 529 savings separate from my retirement accounts and thus they have different AA from mime. How do I decide the AA in 529?...
by simpleinvesting1
Sun Mar 21, 2010 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: 529 Plan Recommendations
Replies: 51
Views: 6322

This thread is very helpful to me. I am researching some other 529 plans for my kids recently too. Fidelity has a set of Index based 529 portfolios, and the expense fee is relatively low (~0.33%) since the underlying funds are Spartan index funds. For me, they are one of those attractive options tha...
by simpleinvesting1
Fri Mar 05, 2010 12:06 am
Forum: Investing - Theory, News & General
Topic: Mel's Forbes Column: I Bond Series Wrapup
Replies: 59
Views: 10969

Mel and others: I bought the first Paper I bond last month. I bought it at my local bank on 2/20/2010, and I received the paper I Savings Bond today (3/4/2010) from Treasury. I have some questions about the purchase date of this I Bond. On the right corner of the I-Bond, it has some thing like this:...
by simpleinvesting1
Sun Feb 21, 2010 10:45 pm
Forum: Personal Finance (Not Investing)
Topic: Questions about Braces for Children
Replies: 27
Views: 4661

Thank you all for your very resourceful information. I am happy that the quote I got from the orthodontist about $5K is pretty consistent with what others replied. The quote will include all the followup cost, but not sure if this includes retainer replacement. I don't know what that is, but the Doc...
by simpleinvesting1
Fri Feb 19, 2010 12:19 am
Forum: Personal Finance (Not Investing)
Topic: Questions about Braces for Children
Replies: 27
Views: 4661

Questions about Braces for Children

Recently my children and I visited Orthodontist for consultation. The price estimate for braces is about $5000 for each child, one child's estimate is a little more than the other. My insurance will cover a little, and I will need to pay rest of it. Is this price in the normal range? Do I need the s...
by simpleinvesting1
Thu Feb 18, 2010 11:31 pm
Forum: Investing - Help with Personal Investments
Topic: One more Roth IRA conversion Question
Replies: 18
Views: 2861

The information that I got from Fidelity Rep is very close to what pochax and others posted. He said that I need to make Vanguard to issue the check payable to Fdelity Investments Institutional Operations Company, Inc. (or FIIOC), but put my name as Benefit, and have them mail the check to my home a...
by simpleinvesting1
Thu Feb 18, 2010 12:23 am
Forum: Investing - Help with Personal Investments
Topic: One more Roth IRA conversion Question
Replies: 18
Views: 2861

Thank you all for your help. I did not know people can transfer the rollover IRA to 401K until now. I checked my 401K plan document today and found out that my company 401K does allow the rollover from any pre-tax accounts to the current 401K, so I called Fidelity (Fidelity is administrator of my co...
by simpleinvesting1
Wed Feb 17, 2010 12:29 am
Forum: Investing - Help with Personal Investments
Topic: One more Roth IRA conversion Question
Replies: 18
Views: 2861

One more Roth IRA conversion Question

Forgive me if this question has been answered somewhere in this forum. After reading many threads about Roth IRA conversion, I understand the basic, but I still do not quite understand how this "you need to consider all of your IRA assets when you do Roth IRA conversion" applies to my case: Currentl...
by simpleinvesting1
Mon Dec 07, 2009 11:22 pm
Forum: Personal Finance (Not Investing)
Topic: My cheapness knows no bounds!
Replies: 99
Views: 13406

This is very disturbing post. I wish site admin removed this thread.
by simpleinvesting1
Sun Oct 25, 2009 5:46 pm
Forum: Investing - Theory, News & General
Topic: Methods of investing yearly contributions IRA
Replies: 6
Views: 1610

ROTH-IRA can be tricky because once your income hits a certain level, you will not be allowed to contribute. Investors with income close to the ROTH limits can play it safe and delay contributions until they know they are eligible for ROTH-IRA contributions (when they are preparing their tax return...
by simpleinvesting1
Sun Oct 25, 2009 5:24 pm
Forum: Investing - Help with Personal Investments
Topic: HSA contribution questions - Pre-tax or Post-tax?
Replies: 4
Views: 2916

DblDoc, RabbMD, tadamsmar: Thank you for your replies! Really busy with the work recently and hadn't had much time to read this forum. This is my understanding from these replies: if I contribute HSA through my paycheck with my employer, it is pre-tax and I do not pay FICA and medicare. If I contrib...
by simpleinvesting1
Mon Oct 12, 2009 11:01 pm
Forum: Investing - Help with Personal Investments
Topic: HSA contribution questions - Pre-tax or Post-tax?
Replies: 4
Views: 2916

HSA contribution questions - Pre-tax or Post-tax?

It is time to sign up next year benefit in my company. I will sign up again to max out HSA next year. The problem I have is HSA investment options my company offer is really bad, so every year in January I roll over previous year HSA from my company to HSAAdminstrators. If it is possible I like to m...
by simpleinvesting1
Mon Aug 31, 2009 5:00 pm
Forum: Personal Consumer Issues
Topic: That Frugal Thing You Do
Replies: 571
Views: 134153

I have done some of things that are mentioned in this thread. 1. Bring my lunch to work 3 times a week. 2. Use Costco coupons to stock up things that I am going to use in the next few months. 3. Limit the number of times to go out dinner every month. 4. Found a boy friend that has similar financial ...
by simpleinvesting1
Sun Aug 30, 2009 11:38 pm
Forum: Personal Consumer Issues
Topic: Please recommend Parent Internet monitoring program
Replies: 9
Views: 1856

My kids use their computer often, both for their school work and for fun. I have not found yet that they use the Internet in a way that I do not approve. But since they are getting close to teen age, I better do some thing to make sure I know what they are doing when they are online. I will check ou...
by simpleinvesting1
Sun Aug 30, 2009 1:27 am
Forum: Investing - Help with Personal Investments
Topic: Do you max out your retirement+IRA plan contributions?
Replies: 90
Views: 15702

Max out all the tax deferred accounts.

$16500 - 401K + company match
$5950 - HSA
$5000 - Roth IRA
$2000 - 529

Rest of savings go to taxable account and 529.
by simpleinvesting1
Fri Aug 28, 2009 6:52 pm
Forum: Personal Consumer Issues
Topic: Please recommend Parent Internet monitoring program
Replies: 9
Views: 1856

Please recommend Parent Internet monitoring program

I am considering installing some parent monitoring program on my kid's computer so I can block some sites for my children and check what they are doing while on internet. Some one has good experience with these software? Please recommend.

Thanks!
by simpleinvesting1
Thu Aug 06, 2009 9:01 pm
Forum: Investing - Theory, News & General
Topic: What is your Bonds AA allocation relative to your age?
Replies: 13
Views: 2655

What is your Bonds AA allocation relative to your age?

I see most of advisors recomend your age as your bonds and other fixed income AA allocation. And most experts in this forum also recommend this approach as a good starting point. I understand that each person's AA depends on his or hers special circumstances. But I am interested to know in general w...
by simpleinvesting1
Sun Aug 02, 2009 2:42 pm
Forum: Personal Consumer Issues
Topic: Can you live without internet now? :D
Replies: 14
Views: 2324

Can you live without internet now? :D

The other day my home internet was down, I rebooted my modem and wireless router and it did not help, so I knew it had to be that my (ISP) Internet Service Provider had some problems in my area. I was so frustrated, without internet, I could not even find their tech support number to call. I don't h...
by simpleinvesting1
Tue Jul 28, 2009 10:22 pm
Forum: Investing - Help with Personal Investments
Topic: another lump sum or DCA question
Replies: 10
Views: 2019

Re: bravo

hollowcave2 wrote:Great! You have a plan, now implement it.

You're already ahead of the game.

Good luck.

Steve
Thanks! I am planning to stick to this plan now. More importantly, I committed myself to stick to my AA.
by simpleinvesting1
Mon Jul 27, 2009 10:14 pm
Forum: Investing - Help with Personal Investments
Topic: another lump sum or DCA question
Replies: 10
Views: 2019

Thank you all for your advice. My current stock AA is lower than 40% and I need to put money into the stock funds to bring it back to desired AA. After reading the suggestions from others and thinking through my emotional effects, I am making a plan that lump sum 30K this week and the rest DCA for t...
by simpleinvesting1
Mon Jul 27, 2009 12:33 pm
Forum: Investing - Help with Personal Investments
Topic: another lump sum or DCA question
Replies: 10
Views: 2019

Thanks, Livesoft. First of all, I would like to say that I have enjoyed your post a lot since I joined this forum. You and other regular posters including Laura, Tayer, Mel, Larry, Rick, and many of other members have tremendous knowledge on investing and I am really grateful that they spend their t...
by simpleinvesting1
Mon Jul 27, 2009 10:44 am
Forum: Investing - Help with Personal Investments
Topic: another lump sum or DCA question
Replies: 10
Views: 2019

another lump sum or DCA question

I have 30K from recent company stock sales and bonus that currently sit in the MMF in Vanguard that need to be invested. My desired allocation (40/60 of stocks/bonds) requires to put all this money into the stock funds in the taxable accounts. I also have about 20K coming in the following months bef...
by simpleinvesting1
Sun Jul 26, 2009 6:13 pm
Forum: Investing - Help with Personal Investments
Topic: How to read I Savings Bond current value?
Replies: 2
Views: 1051

Thanks, Mel! The number makes sense now with your explanation.
by simpleinvesting1
Sun Jul 26, 2009 4:17 pm
Forum: Investing - Help with Personal Investments
Topic: How to read I Savings Bond current value?
Replies: 2
Views: 1051

How to read I Savings Bond current value?

Today I logged in my TD account to check my I savings Bond value. I have one I bought in March 2008, the issue date is 3/1/2008, and the current value is $5,290.00 03-01-2009 5.64% $5,000.00 $5,024.00 03-01-2008 6.15% $5,000.00 $5,290.00 My understanding is that this I Savings Bond interest rate has...
by simpleinvesting1
Sun Jul 26, 2009 1:16 pm
Forum: Investing - Help with Personal Investments
Topic: How to link all the acounts together?
Replies: 10
Views: 2320

I started linking Vanguard account on Fidelity after reading the posts here. After I give my vanguard user account information on Fidelity, it gives me this error: Your account could not be updated for technical reasons. This type of issue is usually resolved in one to two days - please try to updat...