Search found 34 matches

by taxi22
Wed Nov 04, 2020 1:12 am
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2733
Views: 435597

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

I just opened an IRA at Schwab, for the first time, to get the bonus $. I understand that the usually the bonus is awarded as earnings (and thus taxable). Has anyone been successful in having them put it into the IRA (as contribution thus non-taxable)? It's not a contribution, it's growth within yo...
by taxi22
Tue Nov 03, 2020 11:13 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2733
Views: 435597

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

I just opened an IRA at Schwab, for the first time, to get the bonus $. I understand that the usually the bonus is awarded as earnings (and thus taxable). Has anyone been successful in having them put it into the IRA (as contribution thus non-taxable)?
by taxi22
Thu Sep 24, 2020 3:23 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2733
Views: 435597

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

I have about 40k-50K at TD that I would like to either move somewhere else to get a bonus offer or keep at TD, if they have some sort of retention offer. My question is: 1) How should I approach TD in asking for a matching retention offer? What would one say? 2) Is 40k too low of an amount for them ...
by taxi22
Sun Mar 22, 2020 1:16 am
Forum: Personal Investments
Topic: Sell shares to contribute more into 401k?
Replies: 2
Views: 166

Re: Sell shares to contribute more into 401k?

The general idea is a good one. But if you are maxing your 401k then you're not paying taxes on at least some of your long term gains. You should tax GAIN harvest, not TLH. I did tax gain harvest for 2019, but this year will most definitely be Loss harvest. I started my taxable account in 2018, did...
by taxi22
Sun Mar 22, 2020 12:55 am
Forum: Personal Investments
Topic: Sell shares to contribute more into 401k?
Replies: 2
Views: 166

Sell shares to contribute more into 401k?

I want to contribute the max to my 401k this year ($19,500) and contribute max to Roth IRA. Which will greatly reduce my take home pay. I can cover most of my bills with the remaining paycheck but I MAY need $100-500 more per month as misc. In order for me to maximize 401k, I would like to sell some...
by taxi22
Mon Jan 13, 2020 3:27 pm
Forum: Investing - Theory, News & General
Topic: 2020 Hedge Fund contest
Replies: 306
Views: 26510

Re: 2020 Hedge Fund contest

Chai Tea Fund

Long- BYND, DIS, A
Short-BIIB, PRNB, NFLX
by taxi22
Mon Jan 06, 2020 9:27 pm
Forum: Personal Investments
Topic: Low income Roth over contribution
Replies: 3
Views: 241

Low income Roth over contribution

Hello everyone, For 2019, I made about $3300. I thought I would have at least $6000 or more income during 2019 but ended up short. I've read a few posts regarding Roth over-contribution on bogle and tried to stimulate my 2019 tax return in Turbo tax. But still a bit confused, so thought I'd post to ...
by taxi22
Thu Jan 31, 2019 11:45 pm
Forum: Personal Investments
Topic: How much can I contribute to ROTH?
Replies: 2
Views: 297

Re: How much can I contribute to ROTH?

Thank you! 1) yes 2) it depends - if your plan qualifies, and your employer doesn't contribute to the HSA, yes. Yes, my employer contributes each month and I contribute the minimum each month, so I'll put in less than 3500 in my HSA from savings 3) yes, if you have earned income $6000 or greater. Yo...
by taxi22
Thu Jan 31, 2019 11:17 pm
Forum: Personal Investments
Topic: How much can I contribute to ROTH?
Replies: 2
Views: 297

How much can I contribute to ROTH?

If I make a total of $6500 income in 2019 1) Contribute $250 each month into 401K-aftertax through paycheck (-3000) I do this over HSA, because I am trying to maximize $$ in to 401k, whereas HSA I can contribute with or without paycheck. I lose ~6% on SS tax but get to put more $$ into tax sheltered...
by taxi22
Fri Jan 04, 2019 12:59 am
Forum: Personal Finance (Not Investing)
Topic: HSA Contribution
Replies: 10
Views: 779

Re: HSA Contribution

You can do this under the "last month rule", but you must have and HSA-eligible HDHP plan for all of 2019, otherwise you indeed overcontributed and will have to pay excise (6%) on 11/12th of it every year until fixed. See some other recent threads about how to fix it (either withdraw exce...
by taxi22
Fri Jan 04, 2019 12:08 am
Forum: Personal Finance (Not Investing)
Topic: HSA Contribution
Replies: 10
Views: 779

Re: HSA Contribution

The contribution limit ($3,450 for an individual and $6,900 for family plan) is prorated for the months you are actually in the HSA-eligible plan. I started a new job last November and switched from a PPO to HDHP and I was able to contribute the full amount for 2018. Wonder if my company made a mis...
by taxi22
Thu Jan 03, 2019 11:04 pm
Forum: Personal Finance (Not Investing)
Topic: HSA Contribution
Replies: 10
Views: 779

Re: HSA Contribution

jebmke wrote: Thu Jan 03, 2019 11:02 pm The contribution limit ($3,450 for an individual and $6,900 for family plan) is prorated for the months you are actually in the HSA-eligible plan.
Thanks!
by taxi22
Thu Jan 03, 2019 11:04 pm
Forum: Personal Finance (Not Investing)
Topic: HSA Contribution
Replies: 10
Views: 779

Re: HSA Contribution

that is a no no. unless your next plan is also a HDHP. you have to contribute based on the number of months you are under an HDHP. There is some rules that i dont' remember about how to calculate if you get the month or not. furthermore, if the employer made a 1 time contribution and you then are c...
by taxi22
Thu Jan 03, 2019 10:55 pm
Forum: Personal Finance (Not Investing)
Topic: HSA Contribution
Replies: 10
Views: 779

HSA Contribution

I have a high deductible plan (HDP) right now and contribute to an HSA. If I change my employer/plan mid year, can I contribute the yearly limit (upto $6000) before I leave my HDP ? or is that a no no
by taxi22
Sat Aug 11, 2018 10:06 pm
Forum: Personal Investments
Topic: 403b Rollover
Replies: 4
Views: 460

Re: 403b Rollover

Yes don't lose the savers credit. Is there a chance you'll be one of those people who pay no taxes in retirement? If so then don't pay 12% now. I am far from retirement (I'm 32yr). This year and most of next year will be unusually low income years. I have savings to cover the taxes. I've saved most...
by taxi22
Sat Aug 11, 2018 6:16 pm
Forum: Personal Investments
Topic: 403b Rollover
Replies: 4
Views: 460

Re: 403b Rollover

Tax Bracket: 12% S Est 2018 Gross income: 24k <snip> Total 403b balance for conversion is 23-24k (including 2018, minus Roth) $24K plus $24K is $48K. With the $12K standard deduction that keeps you in the 12% bracket. Is it a good idea to rollover? Or Should I just keep the 403b? It depends on the ...
by taxi22
Sat Aug 11, 2018 3:23 pm
Forum: Personal Investments
Topic: 403b Rollover
Replies: 4
Views: 460

403b Rollover

I switched job this year and I'm thinking of rolling over my 403b into IRA and converting into RothIRA. I will be making less income this year and next year, so seems like a good time. Tax Bracket: 12% S Est 2018 Gross income: 24k 2018 contributions 403b: $8500 (pre-tax $5500, roth $3000) HSA: 3450 ...
by taxi22
Mon Jul 02, 2018 12:07 am
Forum: Personal Finance (Not Investing)
Topic: Insight Card (APY 5%) full personal review
Replies: 63
Views: 8726

Re: Insight Card (APY 5%) full personal review

Is everyone withdrawing the full amount or $2500 per day?
by taxi22
Mon Apr 23, 2018 9:49 pm
Forum: Personal Investments
Topic: Old job 403b New job 401a
Replies: 7
Views: 595

Re: Old job 403b New job 401a

Thank you all! You have given me lots of good questions to ask.
by taxi22
Mon Apr 23, 2018 6:39 pm
Forum: Personal Investments
Topic: Old job 403b New job 401a
Replies: 7
Views: 595

Re: Old job 403b New job 401a

Old: Currently, I invest in my employers 403b voluntarily (with no match) through Fidelity. This year I have contributed $4500 in pre-tax and $2000 post tax. New: I am going to start a new job this summer.The new employer offers a 401a (with match, yay!). I don't know too much about 401a, but seems...
by taxi22
Mon Apr 23, 2018 5:51 pm
Forum: Personal Investments
Topic: Old job 403b New job 401a
Replies: 7
Views: 595

Old job 403b New job 401a

Old: Currently, I invest in my employers 403b voluntarily (with no match) through Fidelity. This year I have contributed $4500 in pre-tax and $2000 post tax. New: I am going to start a new job this summer.The new employer offers a 401a (with match, yay!). I don't know too much about 401a, but seems ...
by taxi22
Sun Apr 15, 2018 10:34 am
Forum: Personal Finance (Not Investing)
Topic: Retirement plan for new job
Replies: 6
Views: 1147

Re: Retirement plan for new job

mhadden1 wrote: Tue Mar 13, 2018 8:32 pm That employer contribution is a really great benefit. Congrats! I hope you will be able to add your own contributions and make a lot of headway on your retirement saving.
Thank you!
by taxi22
Wed Mar 28, 2018 8:12 am
Forum: Personal Finance (Not Investing)
Topic: Online Savings Account Reservations???
Replies: 23
Views: 4131

Re: Online Savings Account Reservations???

I really like American Express Savings. The interest rate is not as high (~1.45%) as other online banks but the service is great.
by taxi22
Thu Mar 22, 2018 4:57 pm
Forum: Investing - Theory, News & General
Topic: guaranteed 5% vs stocks?
Replies: 213
Views: 38942

Re: guaranteed 5% vs stocks?

feh wrote: Wed Mar 21, 2018 7:49 pm

I suggest you talk to an Amex customer service rep. They should be able to tell you the nature of the error if the transfer is failing.
Thanks! They had put a hold on it, to be cautious.
by taxi22
Wed Mar 21, 2018 7:29 pm
Forum: Investing - Theory, News & General
Topic: guaranteed 5% vs stocks?
Replies: 213
Views: 38942

Re: guaranteed 5% vs stocks?

Anyone having trouble funding their insight accounts? I'm trying to do it will amex savings account but the test deposits don't appear in the insight account. Also, if I fund it with paypal, how do I withdraw the money down the road with I need it. Make sure the names on the both accounts (where th...
by taxi22
Wed Mar 21, 2018 7:05 pm
Forum: Investing - Theory, News & General
Topic: guaranteed 5% vs stocks?
Replies: 213
Views: 38942

Re: guaranteed 5% vs stocks?

Anyone having trouble funding their insight accounts? I'm trying to do it will amex savings account but the test deposits don't appear in the insight account.

Also, if I fund it with paypal, how do I withdraw the money down the road with I need it.
by taxi22
Tue Mar 13, 2018 8:26 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement plan for new job
Replies: 6
Views: 1147

Re: Retirement plan for new job

It means that they will put $4000 per year into the plan for you (more when your salary increases). After 2 years, some of that will be yours, even if you leave the company. After 5 years, it is all yours. This is a very nice benefit. Thank you! Is this a 401k account, where you can also have your ...
by taxi22
Mon Mar 12, 2018 11:56 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement plan for new job
Replies: 6
Views: 1147

Retirement plan for new job

Hello all, I have never had a 401K plan through a company or matching before. The new job offer I am currently considering, is offering... "Retirement Plan - [The company] makes a non-taxable contribution to employees’ Retirement Plan equal to 8% of their salary up to the FICA base and a contri...
by taxi22
Mon Feb 05, 2018 9:35 pm
Forum: Personal Investments
Topic: Scottrade (TD ameriTrade) vs Vanguard
Replies: 12
Views: 3629

Re: Scottrade (TD ameriTrade) vs Vanguard

I was in your same exact situation a few months ago with a Scottrade Roth IRA with a hodgepodge of different stocks, mutual funds, and indexes. I was contemplating on moving the account over to Vanguard since I was going to follow the 2-3 Fund Portfolio and it would've been free commissions on Vang...
by taxi22
Mon Feb 05, 2018 5:08 pm
Forum: Personal Investments
Topic: Scottrade (TD ameriTrade) vs Vanguard
Replies: 12
Views: 3629

Re: Scottrade (TD ameriTrade) vs Vanguard

At 32 years old, please take some advise from an older guy who has made all the mistakes. At your age, you should be at least 80% in stocks. Schwab and TD Ameritrade is fine. Index funds with Schwab have very similar expense ratios with Vanguard. Put 50-60% in US Total Index and 20-30% in internati...
by taxi22
Mon Feb 05, 2018 4:59 pm
Forum: Personal Investments
Topic: Scottrade (TD ameriTrade) vs Vanguard
Replies: 12
Views: 3629

Re: Scottrade (TD ameriTrade) vs Vanguard

Welcome to the forum :) . It is my understanding that TDAmeritrade will no longer offer commission free access to Vanguard ETFs. I think that you will have to pay a fee to buy Vanguard or Fidelity mutual funds. It's very important to avoid extra fees and commissions, and very important to use broad...
by taxi22
Mon Feb 05, 2018 1:37 am
Forum: Personal Investments
Topic: Scottrade (TD ameriTrade) vs Vanguard
Replies: 12
Views: 3629

Re: Scottrade (TD ameriTrade) vs Vanguard

I recommend sticking with mutual funds and ETFs and avoiding individual stocks. If you're convinced that a 100% mutual fund/ETF portfolio is the way to go, then go with Vanguard. If you want to incorporate individual stocks in your portfolio, I recommend Schwab. I also like Fidelity but I like the ...
by taxi22
Sun Feb 04, 2018 9:47 pm
Forum: Personal Investments
Topic: Scottrade (TD ameriTrade) vs Vanguard
Replies: 12
Views: 3629

Scottrade (TD ameriTrade) vs Vanguard

This is my first post so please be gentle. I am 32 single female. I started a Roth IRA with Scottrade when I was 27, with no clue about investing. Over the years, I have invested in individual stocks, ETFs, and mutual funds. My portfolio is really messy, so won't even attempt to show it here. I have...