Search found 983 matches

by TwstdSista
Fri Sep 21, 2018 3:07 am
Forum: Personal Finance (Not Investing)
Topic: 2018 QBI Deduction for LLC
Replies: 1
Views: 182

Re: 2018 QBI Deduction for LLC

Here's what I can figure out, and I'll give your question a bump: Total taxable income (not AGI) for a married couple filing jointly, before any pass-through deduction, is the number used to determine whether you do qualify for said pass through deduction. This does include your spouse's income. So ...
by TwstdSista
Tue Sep 18, 2018 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: 401k money missing
Replies: 40
Views: 5333

Re: 401k money missing

Is it possible it will take a while for this to get figured out? Could the OP make the solo 401k contributions, then the money "appears" in the work 401k and the limit has now been exceeded? And what happens with the past years contributions that are missing? A friend of mine audits 401k plans and m...
by TwstdSista
Sat Sep 15, 2018 6:14 am
Forum: Personal Finance (Not Investing)
Topic: Does anyone use Personal Capital, Mint, Tiller, or You Need a Budget?
Replies: 52
Views: 7186

Re: Does anyone use Personal Capital, Mint, Tiller, or You Need a Budget?

I just track using a spreadsheet I created back when I was in college. It's been fine tuned over the years, but has all the basic categories, as well as my specific categories. I just record each receipt in Quicken and the corresponding category on the spreadsheet. I use the Quicken categories as a ...
by TwstdSista
Sat Sep 15, 2018 4:58 am
Forum: Investing - Help with Personal Investments
Topic: Have We Missed the Boat on Roth Conversions?
Replies: 48
Views: 5397

Re: Have We Missed the Boat on Roth Conversions?

Wow, you are doing great! I just want to clarify that the Backdoor Roth contribution will trigger tax consequences in your situation. The balance of all of your traditional/SEP/SIMPLE IRAs (basically non-Roth IRAs) are factored into the tax equation. A non-deductible contribution to a traditional IR...
by TwstdSista
Fri Sep 14, 2018 9:43 am
Forum: Investing - Help with Personal Investments
Topic: Wife changing jobs 401k options
Replies: 9
Views: 588

Re: Wife changing jobs 401k options

To keep it simple, I'd probably just do 80/20 on the 500 fund and the small cap fund. Just a thought.
by TwstdSista
Fri Sep 14, 2018 9:07 am
Forum: Investing - Help with Personal Investments
Topic: What can you homegrown financial management spreadsheet do?
Replies: 21
Views: 1218

Re: What can you homegrown financial management spreadsheet do?

I have an end of month balance spread sheet that I complete every month. It tracks our personal cash, business cash, home and vehicle values, retirement assets, allocations for both retirement and overall assets and percentages off target from our desired AA, overall net worth, increase/decrease for...
by TwstdSista
Fri Sep 14, 2018 5:53 am
Forum: Investing - Help with Personal Investments
Topic: Best tool/way to manage the a portfolio of multiple accounts
Replies: 22
Views: 1249

Re: Best tool/way to manage the a portfolio of multiple accounts

I just use a spreadsheet I created. Simple, easy, and does exactly what I want it to do.
by TwstdSista
Fri Sep 14, 2018 2:00 am
Forum: Investing - Help with Personal Investments
Topic: Have We Missed the Boat on Roth Conversions?
Replies: 48
Views: 5397

Re: Have We Missed the Boat on Roth Conversions?

To clarify, there are two different processes here: Roth conversions and Backdoor Roth contributions. A conversion from a traditional IRA to a Roth IRA is 100% taxable, assuming no non-deductible contributions in the traditional IRA. If you convert a total of $100,000 you will owe taxes on the entir...
by TwstdSista
Thu Sep 13, 2018 12:59 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth IRA - Is it worth it for me?
Replies: 15
Views: 1019

Re: Backdoor Roth IRA - Is it worth it for me?

^ Nope. Just make sure the balance in all traditional/SEP/SIMPLE IRAs is $0 before 12-31-2018.
by TwstdSista
Thu Sep 13, 2018 12:48 pm
Forum: Investing - Theory, News & General
Topic: 401k / Roth IRA contribution limits
Replies: 6
Views: 358

Re: 401k / Roth IRA contribution limits

No. The solo 401k contributions are a separate from Traditional/Roth IRA contributions.
by TwstdSista
Thu Sep 13, 2018 6:35 am
Forum: Investing - Help with Personal Investments
Topic: Fidelity, Schwab, or Vanguard
Replies: 61
Views: 4058

Re: Fidelity, Schwab, or Vanguard

Vanguard for taxable and Fidelity for tax advantaged. Why Fidelity for tax-advantaged? The expense ratios of 2 funds is 0 - doesnt get any lower than that. ^ This. Plus the expense ratio on their already existing index funds are at rock bottom prices and less than half the ERs at Vanguard or Schwab.
by TwstdSista
Thu Sep 13, 2018 6:05 am
Forum: Investing - Help with Personal Investments
Topic: What do I do with my investments during a downturn/recession?
Replies: 24
Views: 2741

Re: What do I do with my investments during a downturn/recession?

At the risk of sounding like a broken record "Stay the Course".

Keep investing (and invested) during a downturn and ignore the noise.
by TwstdSista
Thu Sep 13, 2018 6:03 am
Forum: Investing - Help with Personal Investments
Topic: Yet another "double check my 401k selection" post
Replies: 4
Views: 298

Re: Yet another "double check my 401k selection" post

^ That seems reasonable. Consider maxing out your 401k options for both yourself and your spouse. Also, assuming you and your spouse do not have any traditional/SEP/SIMPLE IRA balances, consider Backdoor Roth IRA contributions. At your income level, both of these option should not be a problem. Then...
by TwstdSista
Thu Sep 13, 2018 5:04 am
Forum: Investing - Help with Personal Investments
Topic: Updated Asset Allocation and Fund Placement
Replies: 9
Views: 878

Re: Updated Asset Allocation and Fund Placement

I think your AA and fund placement is good. I'm not too knowledgeable on the different aspects of international funds (I just use a total international fund), so I'll let someone else chime in on that. I would just make sure you aren't over complicating your international coverage. I'm assuming your...
by TwstdSista
Wed Sep 12, 2018 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: Help me determine best course of action- Student Loan vs Backdoor Roth
Replies: 5
Views: 380

Re: Help me determine best course of action- Student Loan vs Backdoor Roth

Backdoor Roths, then student loans. Personally, I wouldn't invest in taxable until the loan debt is gone.
by TwstdSista
Wed Sep 12, 2018 6:10 pm
Forum: Investing - Help with Personal Investments
Topic: Do you rollover all of your previous 401ks?
Replies: 33
Views: 2180

Re: Do you rollover all of your previous 401ks?

Another option might be to keep both 401k accounts, but simplify. Hold Bonds and International in 401k 1 and Total Market (and Extended Market) in 401k 2. Bring the HSA account down to one or two funds and you've much simplified the whole thing.
by TwstdSista
Wed Sep 12, 2018 5:56 pm
Forum: Investing - Help with Personal Investments
Topic: Do you rollover all of your previous 401ks?
Replies: 33
Views: 2180

Re: Do you rollover all of your previous 401ks?

JerLon wrote:
Wed Sep 12, 2018 5:54 pm
Roll to IRA.
Only if you do not expect to need to utilize Backdoor Roth IRA contributions.

I would roll the old 401k into the new one for the sake of simplicity.
by TwstdSista
Wed Sep 12, 2018 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: Mom died, financial guidance welcome.
Replies: 14
Views: 2226

Re: Mom died, financial guidance welcome.

My understanding (in my state):

Life insurance with a beneficiary named passes outside the estate.

Life insurance with no beneficiary named gets paid to the estate and therefore passes through the estate.
by TwstdSista
Wed Sep 12, 2018 5:35 pm
Forum: Investing - Help with Personal Investments
Topic: Request for advice on portfolio; primarily mutual funds
Replies: 3
Views: 231

Re: Request for advice on portfolio; primarily mutual funds

Thank you. I want advice on how much to allocate to US stocks, foreign stocks and bonds. There are a number of rules of thought -- age in bonds, age -10 in bonds, age -20 in bonds, whatever helps you sleep at night. I'd recommend somewhere between 40/60 and 60/40, with 30% of equities in internatio...
by TwstdSista
Wed Sep 12, 2018 5:07 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth IRA - Is it worth it for me?
Replies: 15
Views: 1019

Re: Backdoor Roth IRA - Is it worth it for me?

Since Roth IRAs are tax free growth, the thinking is to have your most likely higher performing assets there -- equities. Since Traditional accounts are subject to both taxes upon withdrawal and RMDs, the thinking is to keep your bond allocation there for the slower growth and therefore lesser taxes...
by TwstdSista
Wed Sep 12, 2018 4:50 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth IRA - Is it worth it for me?
Replies: 15
Views: 1019

Re: Backdoor Roth IRA - Is it worth it for me?

Yes. I would roll both tIRA accounts into your respective 401k accounts. Invest hers in your bond allocation and yours in the 500 Index fund. Then the Backdoor Roth contribution will be open to you. I would hesitate heavily to put FI into a rIRA. Correct -- like I said in my post, invest her 401k i...
by TwstdSista
Wed Sep 12, 2018 4:09 pm
Forum: Personal Consumer Issues
Topic: Anyone into Essential Oils?
Replies: 40
Views: 2465

Re: Anyone into Essential Oils?

I just bought some at Target to make my own yoga mat cleaner. I saw some at Walgreens recently as well.
by TwstdSista
Wed Sep 12, 2018 4:03 pm
Forum: Investing - Help with Personal Investments
Topic: I have 401k investments - what about my Roth IRA?
Replies: 8
Views: 425

Re: I have 401k investments - what about my Roth IRA?

I'd invest in a Total Stock Market Index Fund and/or a Total International Index Fund. Easy peasy! Are you saying to invest in the same Total Market Index Fund as my 401(k) or use a different fund altogether? Sure. My Roth is invested in Fidelity Total Stock Market Index Fund Premium Class (FSTVX) ...
by TwstdSista
Wed Sep 12, 2018 3:16 pm
Forum: Investing - Help with Personal Investments
Topic: I have 401k investments - what about my Roth IRA?
Replies: 8
Views: 425

Re: I have 401k investments - what about my Roth IRA?

I'd invest in a Total Stock Market Index Fund and/or a Total International Index Fund. Easy peasy!
by TwstdSista
Wed Sep 12, 2018 3:15 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth IRA - Is it worth it for me?
Replies: 15
Views: 1019

Re: Backdoor Roth IRA - Is it worth it for me?

Yes. I would roll both tIRA accounts into your respective 401k accounts. Invest hers in your bond allocation and yours in the 500 Index fund. Then the Backdoor Roth contribution will be open to you.
by TwstdSista
Wed Sep 12, 2018 3:09 pm
Forum: Personal Finance (Not Investing)
Topic: Massive Student Loan Debt - Fiancee
Replies: 108
Views: 9902

Re: Massive Student Loan Debt - Fiancee

The husband married me when I had close to six figures in student loans. I had been a train wreck in my 20s and started getting my stuff together in my early 30s. Before we got married, I paid off all of my credit cards and my car loan. He's made it very clear that he would not have married me if I ...
by TwstdSista
Wed Sep 12, 2018 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: Solo 401k at Wells Fargo
Replies: 7
Views: 434

Re: Solo 401k at Wells Fargo

I have a solo 401k at Fidelity and it's just the one account. I mail my check in, it lands in a "core" fund (a money market fund of some sort) and I then buy mutual funds from there. I have a brokerage account with them as well, but I like the funds to flow directly from my business account to my 40...
by TwstdSista
Wed Sep 12, 2018 6:01 am
Forum: Investing - Help with Personal Investments
Topic: Fidelity, Schwab, or Vanguard
Replies: 61
Views: 4058

Re: Fidelity, Schwab, or Vanguard

Fidelity -- lower costs and no minimums (beats Vanguard and Schwab), a local office I can walk in to (beats Vanguard), plus a Total International should I eventually want one (beats Schwab).

Also I have a solo 401k, Fidelity wins there as well.
by TwstdSista
Wed Sep 12, 2018 4:23 am
Forum: Investing - Help with Personal Investments
Topic: Opinion's: Best time to withdraw RMD's when required to do so.
Replies: 22
Views: 1498

Re: Opinion's: Best time to withdraw RMD's when required to do so.

I've always thought I'd take them early in the year, just to make things easier for my heirs should I pass. (I'd hate to create a mess by dying in late November and them not even having the time to figure out my RMDs before the year ends. I like them too much!)
by TwstdSista
Tue Sep 11, 2018 3:09 pm
Forum: Investing - Theory, News & General
Topic: Barron's--Vanguard Is Losing Battles on Two Fronts in Fee Wars
Replies: 53
Views: 4547

Re: Barron's--Vanguard Is Losing Battles on Two Fronts in Fee Wars

There are many people who prefer mutual funds and do not understand ETFs. Saying "just buy the ETF" is not going to work for them, you're asking them to do something new and people don't like change. If I'm one of these people (and I am) and my choice is between Vanguard and ETFs or Fidelity mutual ...
by TwstdSista
Tue Sep 11, 2018 9:54 am
Forum: Personal Finance (Not Investing)
Topic: Sole Proprietor LLC quarterly estimated tax payment
Replies: 11
Views: 586

Re: Sole Proprietor LLC quarterly estimated tax payment

IRS is old fashioned. If you are the wife, you need to list the husband's SS# as they use the husband's SS# as primary. I list both on my check to be sure, but his first. It bothers me since it is my income (I am a wife, sole proprietor, self employed) but per my accountant the IRS keeps track of r...
by TwstdSista
Mon Sep 10, 2018 6:44 pm
Forum: Personal Finance (Not Investing)
Topic: Solo 401(k) Questions (and sanity check)
Replies: 22
Views: 1346

Re: Solo 401(k) Questions (and sanity check)

Does anyone know if I have to actually open the solo 401(k) before the end of the calendar year, or can I open it AND fund it in 2019 for tax year 2018? I believe a solo 401k must be open in the year you wish to fund it -- so you must open it prior to 12-31-2018. There is also a quirk about the Emp...
by TwstdSista
Sun Sep 09, 2018 7:14 am
Forum: Investing - Help with Personal Investments
Topic: Is it worth doing a small Roth conversion now?
Replies: 16
Views: 1063

Re: Is it worth doing a small Roth conversion now?

I think there is also a five year rule for Roth conversions (not sure if this is just for the first conversion, or for each year's conversion though). Someone smarter than I am will hopefully chime in and give you great advice, I just wanted to throw in that possible wrinkle in case it is for every ...
by TwstdSista
Sun Sep 09, 2018 2:08 am
Forum: Investing - Help with Personal Investments
Topic: New Investor, IRA/401k/Backdoor Roth
Replies: 17
Views: 993

Re: New Investor, IRA/401k/Backdoor Roth

Is there a one rollover per year rule that applies here if the OP rolls the Rollover IRA into the current 401k? Nope. The only rollovers that matter for that are indirect (money paid to the account holder first) rollovers between like IRA accounts. Nothing with a 401(k) is covered by that. No direc...
by TwstdSista
Sat Sep 08, 2018 4:32 pm
Forum: Investing - Help with Personal Investments
Topic: 1099 income--Solo 401k or something else?
Replies: 9
Views: 534

Re: 1099 income--Solo 401k or something else?

Search solo 401k in the box at the upper right corner -- there are plenty of threads and lots of information. I have a solo 401k at Fidelity, which I believe does allow incoming rollovers. Schwab, TD Ameritrade and several others have them, too. Some even have a Roth option, if that's of interest to...
by TwstdSista
Sat Sep 08, 2018 3:33 pm
Forum: Investing - Help with Personal Investments
Topic: 1099 income--Solo 401k or something else?
Replies: 9
Views: 534

Re: 1099 income--Solo 401k or something else?

I'd recommend a solo 401k, but maybe not at Vanguard (I believe they do not allow incoming rollovers). Are the fees high in your current 401k? It might b worth it to simply leave the money there for the time being. You can decide whether to roll it into either the solo 401k or the new plan once you'...
by TwstdSista
Sat Sep 08, 2018 3:30 pm
Forum: Investing - Help with Personal Investments
Topic: New Investor, IRA/401k/Backdoor Roth
Replies: 17
Views: 993

Re: New Investor, IRA/401k/Backdoor Roth

Is there a one rollover per year rule that applies here if the OP rolls the Rollover IRA into the current 401k?

Another option might to convert the entire $30,000 in the Rollover IRA to a Roth and just pay the taxes, thereby opening up the Backdoor IRA option.
by TwstdSista
Sat Sep 08, 2018 3:14 am
Forum: Personal Finance (Not Investing)
Topic: Build 401K and Live off Cash or Invest it in Vanguard? Help!
Replies: 32
Views: 2793

Re: Build 401K and Live off Cash or Invest it in Vanguard? Help!

^ This is basically the lump sum vs. dollar cost averaging question. There are numerous threads and discussions on this question.

Something like 2/3 of the time lump sum wins. Regardless, read about Bob the world's worst market timer: viewtopic.php?t=166730
by TwstdSista
Fri Sep 07, 2018 4:17 am
Forum: Investing - Help with Personal Investments
Topic: Scaring the Old Folks
Replies: 71
Views: 8101

Re: Scaring the Old Folks

Hey hey, what's with bashing eating out? I know several retired folk who eat out daily. Breakfast usually, and at a local inexpensive establishment. But that sounds perfectly delightful -- Life goals! And Livesoft seems to be doing something right. I don't think I could get 1/3 portions our of those...
by TwstdSista
Fri Sep 07, 2018 4:08 am
Forum: Personal Finance (Not Investing)
Topic: Build 401K and Live off Cash or Invest it in Vanguard? Help!
Replies: 32
Views: 2793

Re: Build 401K and Live off Cash or Invest it in Vanguard? Help!

Option 4: Contribute all income into 401K to max 24,500 limit (for another 10 years) Contribute the remainder of my income into the Roth to max 6,500 limit (for another 10 years) Draw down the $213,000 money market into checking every couple months for expenses for 10 another years Leave $100,000 in...
by TwstdSista
Thu Sep 06, 2018 6:04 pm
Forum: Personal Finance (Not Investing)
Topic: SIMPLE IRA and 20 percent QBI deduction
Replies: 8
Views: 662

Re: SIMPLE IRA and 20 percent QBI deduction

I think there a provision that the 20% QBI deduction is limited to the greater of either taxable income or business income. If I'm remembering correctly, then there is a possibility that your SIMPLE contributions (and and HSA deduction and standard deduction, etc) could reduce your taxable income be...
by TwstdSista
Thu Sep 06, 2018 2:54 am
Forum: Investing - Help with Personal Investments
Topic: My 1st portfolio questions
Replies: 17
Views: 1868

Re: My 1st portfolio questions

I'm not sure the refinance is even worth it. And they may charge you a fee to re-title the lender on the vehicle -- this is usually not advertised, and the one who "sells" you the refinance may not even now about it. Usually it just gets added to your loan balance, wiping out any savings rate. (This...
by TwstdSista
Thu Sep 06, 2018 2:45 am
Forum: Investing - Help with Personal Investments
Topic: DIY: Three versus One! Are the Advantages Worth it?
Replies: 47
Views: 3749

Re: DIY: Three versus One! Are the Advantages Worth it?

Got it. While bonds are preferred in Roth accounts, they are acceptable given no other alternatives.

I would consider maxing your 401k contribution and living off your taxable account. The tax deduction will help to offset any gains.
by TwstdSista
Wed Sep 05, 2018 12:46 pm
Forum: Investing - Help with Personal Investments
Topic: DIY: Three versus One! Are the Advantages Worth it?
Replies: 47
Views: 3749

Re: DIY: Three versus One! Are the Advantages Worth it?

Hi, Why bonds in a Roth....That is what nearly everyone on this blog, Bogle, and all the books recommended here say to do. Am I wrong? Put tax inefficient vehicles in tac efficient accounts. I'm not sure where you are reading this? Most posters on this forum, and the wiki article all suggest equiti...
by TwstdSista
Wed Sep 05, 2018 4:00 am
Forum: Investing - Help with Personal Investments
Topic: DIY: Three versus One! Are the Advantages Worth it?
Replies: 47
Views: 3749

Re: DIY: Three versus One! Are the Advantages Worth it?

I have a spreadsheet that tracks our Total US/Total International/Total Bond. It automatically tells me which is off-kilter, what the percentage is, and what the corresponding dollar value is. Very simple to see what is high and move it to what is low -- maybe 10 minutes per month. And why bonds in ...
by TwstdSista
Tue Sep 04, 2018 5:09 am
Forum: Investing - Help with Personal Investments
Topic: Need help with individual stock advice taxable account
Replies: 19
Views: 1296

Re: Need help with individual stock advice taxable account

Agree -- sell losers and an equivalent amount of winners to offset. Make sure you turn off dividend reinvestment so that you do not continue to buy into those stocks. Use those (cash) dividends to invest in the three fund portfolio. With the remaining capital gains, make sure they are all long term....
by TwstdSista
Tue Sep 04, 2018 4:57 am
Forum: Investing - Help with Personal Investments
Topic: First Steps w/ Roth IRA
Replies: 10
Views: 1132

Re: First Steps w/ Roth IRA

I highly recommend either a Fidelity Freedom Index Fund (ER 0.14%) or Fidelity® Four-in-One Index Fund (FFNOX), ER 0.11% for the first few years. Then simply forget about it. No need to rebalance or worry about the three fund portfolio until you also have a workplace retirement plan. There is no suc...
by TwstdSista
Mon Sep 03, 2018 6:00 pm
Forum: Investing - Help with Personal Investments
Topic: Which do I pick? Roth 401(k) or Traditional 401(k)?
Replies: 26
Views: 1671

Re: Which do I pick? Roth 401(k) or Traditional 401(k)?

^ I still maintain that a Traditional 401k is likely the way to go. And use the tax savings to fund your Roth IRA (or Backdoor Roth) every year. In the long run, why would I want to pay taxes on a Traditional 401 if I can get the taxes out of the way now with a Roth 401(k)? Why would you pay almost...
by TwstdSista
Mon Sep 03, 2018 5:42 pm
Forum: Investing - Help with Personal Investments
Topic: Which do I pick? Roth 401(k) or Traditional 401(k)?
Replies: 26
Views: 1671

Re: Which do I pick? Roth 401(k) or Traditional 401(k)?

^ I still maintain that a Traditional 401k is likely the way to go. And use the tax savings to fund your Roth IRA (or Backdoor Roth) every year.
by TwstdSista
Mon Sep 03, 2018 5:21 pm
Forum: Investing - Help with Personal Investments
Topic: Which do I pick? Roth 401(k) or Traditional 401(k)?
Replies: 26
Views: 1671

Re: Which do I pick? Roth 401(k) or Traditional 401(k)?

The majority of the time, a Traditional 401k is the correct answer. How old are you and at what age do you expect to retire? What tax bracket are you currently in? What tax bracket do you expect to be in during retirement? What percentage of your overall portfolio is currently in traditional vs. Rot...