Search found 995 matches

by TwstdSista
Sat Aug 03, 2019 4:30 am
Forum: Personal Consumer Issues
Topic: Are all models of Toyota generally considered reliable?
Replies: 52
Views: 5072

Re: Are all models of Toyota generally considered reliable?

I think so - Toyotas are prevalent in my family and we've been thrilled with all of them! Two Highlanders, two Corollas, two Tacos and zero complaints.
by TwstdSista
Wed Jul 10, 2019 4:21 am
Forum: Personal Investments
Topic: Roth 401(k) vs. Roth IRA
Replies: 33
Views: 2923

Re: Roth 401(k) vs. Roth IRA

Do Roth 401(K) and Roth IRA both grow tax-free, and not taxed no matter when I withdraw from them after age 59.5? I have money in my Roth 401(K), but I didn't move it to Roth IRA yet, due $25 fee for the move. What is the difference between keeping the money in Roth 401(K) instead of Roth IRA? Is i...
by TwstdSista
Sat May 04, 2019 10:31 am
Forum: Investing - Theory, News & General
Topic: Wouldn't this make Traditional IRA far superior to Roth?
Replies: 82
Views: 8582

Re: Wouldn't this make Traditional IRA far superior to Roth?

The husband and I are in the 12% tax bracket which currently expires in 2025. We do Roth contributions for both diversification purposes and well as survivorship purposes (when one of us passes away, the other will likely get bumped into a higher tax bracket when they lose the MFJ status).
by TwstdSista
Fri Apr 26, 2019 7:35 am
Forum: Personal Finance (Not Investing)
Topic: Do I need title insurance?
Replies: 58
Views: 6739

Re: Do I need title insurance?

I'm in the industry and fully aware of how much of a scam title insurance is. But isn't that the case for almost all insurances? That being said, I highly recommend getting an Owner's policy to cover yourself. The husband and I bought one on our own house even though I did the title search. FYI - th...
by TwstdSista
Tue Feb 26, 2019 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: H&R Block vs TurboTax (spoiler: HRB is awful)
Replies: 88
Views: 10795

Re: H&R Block vs TurboTax (spoiler: HRB is awful)

The HRB software worked perfectly for me. Handled both the QBI deduction properly as well as our Roth conversion - both of which are new for my tax situation this year. It is significantly less expensive than Turbo Tax and I have not yet been disappointed. In addition, I can talk to someone in perso...
by TwstdSista
Tue Feb 26, 2019 5:37 am
Forum: Personal Finance (Not Investing)
Topic: How The New QBI Deduction-Reduction Ruins The Value Of Pre-Tax Retirement Plans For Small Business Owners
Replies: 57
Views: 4611

Re: How The New QBI Deduction-Reduction Ruins The Value Of Pre-Tax Retirement Plans For Small Business Owners

'Ruins' is a bit strong of a word, but it certainly does add in new factors to consider. I'm a single member LLC which is effectively a sole proprietorship, so both the employer and employee sides of my deductible solo 401k contributions reduced my QBI, as well as my SE tax deduction. But I was able...
by TwstdSista
Tue Feb 26, 2019 5:23 am
Forum: Personal Finance (Not Investing)
Topic: [2018 tax return - How does it compare to previous years?]
Replies: 441
Views: 34063

Re: [2018 tax return - How does it compare to previous years?]

I finally did our taxes, both under the new tax law and under last year's tax law. I originally thought we'd be saving about $3000, but I was wrong.

We saved $4000 - I love me the TCJA!
by TwstdSista
Tue Feb 12, 2019 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: [2018 tax return - How does it compare to previous years?]
Replies: 441
Views: 34063

Re: [2018 tax return - How does it compare to previous years?]

Our income was up about 5% this year and our total tax down about 2% - I'm calling that a win!

(an expected win, I paid pretty close attention to the tax changes that affected us and withheld a proper amount).
by TwstdSista
Sun Jan 27, 2019 5:18 am
Forum: Personal Finance (Not Investing)
Topic: Roth solo 401(k) now more attractive given new 199A deduction announcement
Replies: 57
Views: 4823

Re: Roth solo 401(k) now more attractive given new 199A deduction announcement

Can the deduction calculation be super simplified to the following? (there might be other factors I'm missing)

20% of Schedule C Income - SE tax deduction - SE health insurance - SE pre-tax retirement contribution
vs.
20% of Taxable income - Roth conversion amount
by TwstdSista
Mon Oct 22, 2018 2:23 pm
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 1498
Views: 157024

Re: [What TV Show Have You Recently Watched?]

Watching the season premiere of Doctor Who right now! Is there a way for cord cutters to watch Doctor Who in the U.S.? The BBC America web site seems to require an account with one of the traditional cable companies. We have YouTube TV - Doctor Who, sports and local television channels were our req...
by TwstdSista
Mon Oct 08, 2018 5:33 pm
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 1498
Views: 157024

Re: [What TV Show Have You Recently Watched?]

Watching the season premiere of Doctor Who right now!
by TwstdSista
Thu Oct 04, 2018 6:24 am
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 1498
Views: 157024

Re: [What TV Show Have You Recently Watched?]

^ I kinda liked Murphy Brown. But it was a bit too political for me (I avoid politics and 'hot button' news in general). Although I did enjoy the Hillary scene and the Trump twitter war. I'll give it one more episode, but I have a fairly strong "no politics" rule. I loved the new Roseanne! The first...
by TwstdSista
Fri Sep 21, 2018 3:07 am
Forum: Personal Finance (Not Investing)
Topic: 2018 QBI Deduction for LLC
Replies: 1
Views: 266

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: 5811

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: 15397

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: Personal Investments
Topic: Have We Missed the Boat on Roth Conversions?
Replies: 48
Views: 5956

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: Personal Investments
Topic: Wife changing jobs 401k options
Replies: 9
Views: 756

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: Personal Investments
Topic: What can you homegrown financial management spreadsheet do?
Replies: 21
Views: 1619

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: Personal Investments
Topic: Best tool/way to manage the a portfolio of multiple accounts
Replies: 25
Views: 1950

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: Personal Investments
Topic: Have We Missed the Boat on Roth Conversions?
Replies: 48
Views: 5956

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: Personal Investments
Topic: Backdoor Roth IRA - Is it worth it for me?
Replies: 15
Views: 1214

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: 435

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: Personal Investments
Topic: Fidelity, Schwab, or Vanguard
Replies: 71
Views: 7443

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: Personal Investments
Topic: What do I do with my investments during a downturn/recession?
Replies: 24
Views: 3301

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: Personal Investments
Topic: Yet another "double check my 401k selection" post
Replies: 4
Views: 372

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: Personal Investments
Topic: Updated Asset Allocation and Fund Placement
Replies: 9
Views: 1003

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: 482

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: Personal Investments
Topic: Do you rollover all of your previous 401ks?
Replies: 33
Views: 2527

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: Personal Investments
Topic: Do you rollover all of your previous 401ks?
Replies: 33
Views: 2527

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: 21
Views: 3378

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: Personal Investments
Topic: Request for advice on portfolio; primarily mutual funds
Replies: 5
Views: 558

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: Personal Investments
Topic: Backdoor Roth IRA - Is it worth it for me?
Replies: 15
Views: 1214

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: Personal Investments
Topic: Backdoor Roth IRA - Is it worth it for me?
Replies: 15
Views: 1214

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: 2917

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: Personal Investments
Topic: I have 401k investments - what about my Roth IRA?
Replies: 8
Views: 538

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: Personal Investments
Topic: I have 401k investments - what about my Roth IRA?
Replies: 8
Views: 538

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: Personal Investments
Topic: Backdoor Roth IRA - Is it worth it for me?
Replies: 15
Views: 1214

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: 11233

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: 572

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: Personal Investments
Topic: Fidelity, Schwab, or Vanguard
Replies: 71
Views: 7443

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: Personal Investments
Topic: Opinion's: Best time to withdraw RMD's when required to do so.
Replies: 42
Views: 3649

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: 5157

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: 743

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: 28
Views: 2351

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: Personal Investments
Topic: Is it worth doing a small Roth conversion now?
Replies: 16
Views: 1228

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: Personal Investments
Topic: New Investor, IRA/401k/Backdoor Roth
Replies: 18
Views: 1297

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: Personal Investments
Topic: 1099 income--Solo 401k or something else?
Replies: 9
Views: 768

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: Personal Investments
Topic: 1099 income--Solo 401k or something else?
Replies: 9
Views: 768

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: Personal Investments
Topic: New Investor, IRA/401k/Backdoor Roth
Replies: 18
Views: 1297

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: 3092

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