Search found 74 matches

by raixx017
Sun Apr 11, 2021 2:34 am
Forum: Personal Consumer Issues
Topic: Help analyze my HVAC decision
Replies: 19
Views: 1674

Re: Help analyze my HVAC decision

Not sure which brand you are going with, but you can get a variable speed blower motor (ECM) even with a 14 Seer single speed ac and 80% furnace system ( for example, Trane offers such a configuration)
by raixx017
Tue Apr 06, 2021 5:08 pm
Forum: Personal Consumer Issues
Topic: What to do with 26 year old central AC unit?
Replies: 40
Views: 2784

Re: What to do with 26 year old central AC unit?

Many great quotes in this reply from Watty, but this one is the key. If you live in an area where it would be a real hardship to go a week without AC in the summer then I would look at getting bids to preemptively replacing it to see if you can get a good price. The problem is that if you wait until...
by raixx017
Tue Mar 23, 2021 10:29 pm
Forum: Personal Finance (Not Investing)
Topic: Tax mess - pls. help (made incorrect direct payment to IRS before submitting 1040)
Replies: 4
Views: 415

Re: Tax mess - pls. help (made incorrect direct payment to IRS before submitting 1040)

Hi. Not sure if it helps, but this what TaxAct has to say about this: As we shared recently, part of the recently passed American Rescue Plan includes an exclusion on the first $10,200 in unemployment income. Here’s what the exclusion could mean for you: If you’ve already filed a 2020 return with un...
by raixx017
Tue Sep 15, 2020 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: Refi Question - help deciding
Replies: 21
Views: 953

Re: Refi Question - help deciding

You can always back out after locking. In fact, I always make it a point to mention this with a lender when I'm locking rates with them (that, I'll keep looking for better deals).
Overall I had positive experience with Better. Quite smooth and swift process.
Good luck!
by raixx017
Thu Sep 03, 2020 11:28 am
Forum: Personal Investments
Topic: HSA Question
Replies: 6
Views: 424

Re: HSA Question

Hello! My company is switching HSA custodians (happens pretty often unfortunately) . All of my investments will be moved to cash. To get invested again, that means I'd be buying at much higher prices than before, so is it best then to let it sit in cash until there is a significant drop in the mark...
by raixx017
Thu Aug 27, 2020 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10341
Views: 754706

Re: Refinance Mega Thread

Do you know if you can lock rate with 2 different lender? I’m sure this question has been asked. So sorry for asking again. I locked with one lender. But another lender that I applied too several weeks ago got back to me today and is sending over a loan estimate tonight. Was curious if I can lock w...
by raixx017
Sun Aug 23, 2020 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: Home Appraisal in the times of COVID
Replies: 20
Views: 2127

Re: Home Appraisal in the times of COVID

It's worth checking in with the lender again. I asked if an appraisal waiver would be possible for the mortgage on a lease to own property and was denied the first time. It took a week and a half from the time the appraisal was ordered to when they got around scheduling me because of the backlog du...
by raixx017
Sat Aug 15, 2020 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: Home Appraisal in the times of COVID
Replies: 20
Views: 2127

Re: Home Appraisal in the times of COVID

Thanks all ! This is all very reassuring. Keeping doors/windows open and stepping out of the house seems like a great idea.
Thanks again.
by raixx017
Fri Aug 14, 2020 9:35 pm
Forum: Personal Finance (Not Investing)
Topic: Home Appraisal in the times of COVID
Replies: 20
Views: 2127

Home Appraisal in the times of COVID

Hello All, Trying to get refi done on my house. One of the lenders decided that an appraisal is necessary for my loan application (the other two that I'm in talks with waived this). Even with home appraisal fee coming from my pocket, this one will end up costing me the lowest. Today, an appraisal pe...
by raixx017
Sun Aug 09, 2020 9:02 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10341
Views: 754706

Re: Refinance Mega Thread

Another LenderFi data point. State Iowa. Applied through the backdoor website link which has been posted, rate locked 8/7/2020. 2.25% 15 year fixed. Loan 425,000. LTV 77%. Appraisal was waved. A + B + C + E = 1599. Lender credit 3179 which even offsets some of the escrow funding. We are pretty happ...
by raixx017
Sat Aug 08, 2020 11:04 am
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1762
Views: 166583

Re: My LenderFi refinance is going well

I applied first with Lenderfi including hard pull plus application and received rate lock disclosures a few days later. I told him to time the market for me and call me when daily pricing would get me my rate for no closing costs. So yes, I think thats how their process works but you dont have to l...
by raixx017
Sat Aug 08, 2020 11:03 am
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1762
Views: 166583

Re: My LenderFi refinance is going well

Hello All, I have just started shopping for refi rates and I contacted LenderFi. The agent is very cordial and has given me the best rates (so far). However, the process he explained to me, seems a bit different to what I'm used to. I wanted to understand if this is usual. For all the refis I have ...
by raixx017
Sat Aug 08, 2020 1:38 am
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1762
Views: 166583

Re: My LenderFi refinance is going well

Hello All, I have just started shopping for refi rates and I contacted LenderFi. The agent is very cordial and has given me the best rates (so far). However, the process he explained to me, seems a bit different to what I'm used to. I wanted to understand if this is usual. For all the refis I have d...
by raixx017
Thu Apr 09, 2020 6:56 pm
Forum: Personal Investments
Topic: HSA question - Spouse's eligibilty
Replies: 2
Views: 165

HSA question - Spouse's eligibilty

Hello! I'm covered under a high deductible medical plan. I have a HSA account associated with it (my employer wants me to open it at HealthEquity). This is a "family" plan and my wife is covered under this as well (we are not using her employer's). Looking at who can open an eligibilty of ...
by raixx017
Sat Feb 29, 2020 1:03 pm
Forum: Personal Investments
Topic: Deductible Roth IRA after backdoor
Replies: 4
Views: 155

Re: Deductible Roth IRA after backdoor

Thanks for the reply. I will go ahead with ignoring this portion, and making sure I keep a track of my own backdoor/roth IRA contributions.
by raixx017
Sat Feb 29, 2020 10:36 am
Forum: Personal Investments
Topic: Deductible Roth IRA after backdoor
Replies: 4
Views: 155

Re: Deductible Roth IRA after backdoor

Thanks, @sailaway for clarifying !
Now, coming to the specific question here in TaxACt, I assume they are asking for the "direct" contribution amount in my Roth IRA (which is 0 in), and does not include the rollover. So, in this question, I should just enter $0. Is my understanding correct ?
by raixx017
Sat Feb 29, 2020 10:26 am
Forum: Personal Investments
Topic: Deductible Roth IRA after backdoor
Replies: 4
Views: 155

Deductible Roth IRA after backdoor

Hi All, I'm using TaxAct to fill my 2019 returns. I have completed the section where we handle backdoor -Form 8606 (My wife and I contributed $6K to TIRA and converted it to Roth IRA). All went fine, no tax liabilities. Now in the "deduction" section, TaxAct is trying to figure out if I qu...
by raixx017
Sat Nov 30, 2019 9:58 pm
Forum: Personal Consumer Issues
Topic: I wish I could ignore it...but I can't (ZILLOW!)
Replies: 68
Views: 10067

Re: I wish I could ignore it...but I can't (ZILLOW!)

If this is too unsettling for you, have you considered getting an appraisal done? (admittedly, a costly affair)
by raixx017
Sat Aug 10, 2019 8:31 pm
Forum: Personal Investments
Topic: Bond funds in an HSA
Replies: 19
Views: 2082

Re: Bond funds in an HSA

I don't think FIREchief is proposing a 100% stock retirement portfolio at all. I think he's saying that if you are going to let the HSA grow from age 30 till retirement, and you're not going to use it to meet medical expenses, you should place either a tax-inefficient holding (RIET, for example) or...
by raixx017
Sat Aug 10, 2019 12:08 am
Forum: Personal Investments
Topic: Bond funds in an HSA
Replies: 19
Views: 2082

Re: Bond funds in an HSA

If I were 30 years old and utilizing an HSA for a long term investment tool (a great approach btw), I would be 100% equities. I've often read similar statements vis-a-vis bond funds (or lack thereof) and HSA. However, when I see the chart here https://www.bogleheads.org/wiki/Tax-efficient_fund_plac...
by raixx017
Fri Apr 26, 2019 8:06 pm
Forum: Personal Finance (Not Investing)
Topic: Mega backdoor roth or something else?
Replies: 12
Views: 1063

Re: Mega backdoor roth or something else?

If you have already done that, then I suggest exploring in-plan Roth conversions than In service Roth distributions. Can some explain the difference (with pros and cons) between " in-plan Roth conversion " vs Mega backdoor roth ( => after tax 401k-->roth IRA (contribution)+tIRA(earning).....
by raixx017
Thu Mar 28, 2019 11:54 pm
Forum: Personal Investments
Topic: $480K, no job, special needs kids, what to do?
Replies: 52
Views: 6352

Re: $480K, no job, special needs kids, what to do?

I've no financial wisdom to give. Just wanted to send best wishes to your kids. *hugs* Also, you mentioned " ... I'm concerned that I won't find a position. " . Probably, try polish you resume, learn new relevant skills via online course. How about some freelancing? ( I know it can't subst...
by raixx017
Wed Mar 13, 2019 8:23 pm
Forum: Personal Investments
Topic: TaxAct entering consolidated 1099-B
Replies: 10
Views: 1889

Re: TaxAct entering consolidated 1099-B

Thank you all ! That was greatly helpful. :sharebeer
by raixx017
Mon Mar 11, 2019 12:45 am
Forum: Personal Investments
Topic: TaxAct entering consolidated 1099-B
Replies: 10
Views: 1889

Re: TaxAct entering consolidated 1099-B

Thanks @livesoft! I looked around more, that this is what I found in one of the help sections If you received a consolidated Form 1099-B from your broker that lists more than one sale during the year add a separate Form 1099-B in TaxAct for each sale. So, I guess I will have to enter each transactio...
by raixx017
Sun Mar 10, 2019 9:15 pm
Forum: Personal Investments
Topic: TaxAct entering consolidated 1099-B
Replies: 10
Views: 1889

TaxAct entering consolidated 1099-B

Hello, I'm using TaxAct online, for the first time to fill this year's taxes. While adding 1099-B information for my VG transactions, I thought of adding the "consolidated" version (i.e. one entry reflecting the _combined total_ of each individual ones). Thus, on date sold and acquired I w...
by raixx017
Wed Feb 20, 2019 10:34 am
Forum: Personal Investments
Topic: My First Mega Backdoor Roth
Replies: 21
Views: 2433

Re: My First Mega Backdoor Roth

OP, I'm a novice, so this is all based on the information I have collected from here, and numerous calls to 401k admin customer care. 1) Someone suggested to keep after-tax money in stable funds. Just fyi, many 401k plans don't allow selective "source-wise" tracking of investments. That is...
by raixx017
Wed Jan 30, 2019 9:38 pm
Forum: Personal Finance (Not Investing)
Topic: After-tax 401(k) to Roth IRA conversion - confused about tax treatment
Replies: 29
Views: 2225

Re: After-tax 401(k) to Roth IRA conversion - confused about tax treatment

Just to wrap this up, I finally saw the first after-tax contribution coming through. I then proceeded to the roll it over to my VG roth IRA. Towards the end, my 401k admin site stated that there will be a "distribution fee" of $25 charged with this rollover. I was planning to do this every...
by raixx017
Mon Jan 21, 2019 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: After-tax 401(k) to Roth IRA conversion - confused about tax treatment
Replies: 29
Views: 2225

Re: After-tax 401(k) to Roth IRA conversion - confused about tax treatment

Thank you retiredjg and Spirit Rider for that excellent explanation and providing clarity. I just got off the phone with my plan's admin's representative. She confirmed that the after-tax portion is indeed tracked separately :) . The only thing is, as far as investing goes, the entire 401k money ( p...
by raixx017
Sun Jan 20, 2019 6:05 pm
Forum: Personal Finance (Not Investing)
Topic: After-tax 401(k) to Roth IRA conversion - confused about tax treatment
Replies: 29
Views: 2225

Re: After-tax 401(k) to Roth IRA conversion - confused about tax treatment

Thanks LadyGeek for creating a separate thread for me, and also posting the reply. ======== First, you need to define what you mean by "after tax". There are two different ways that 401k plans can hold money that has already been taxed. It can be in Roth 401k or it can be in a separate aft...
by raixx017
Sun Jan 20, 2019 11:43 am
Forum: Personal Finance (Not Investing)
Topic: After-tax 401(k) to Roth IRA conversion - confused about tax treatment
Replies: 29
Views: 2225

After-tax 401(k) to Roth IRA conversion - confused about tax treatment

[Split into a new thread from: 401k + aftertax 401k -> roth methodology --admin LadyGeek] tmcc, If you rollover the after tax contribution then you have to rollover the earnings on this after tax amount as well. This earning can be rolled over into tIRA and the contributions to Roth IRA. If you rol...
by raixx017
Sat Jan 19, 2019 8:07 pm
Forum: Personal Investments
Topic: HSA Records: For the IRS, how much is enough?
Replies: 18
Views: 1678

Re: HSA Records: For the IRS, how much is enough?

Not sure if this answers your question, but for record keeping, I take a picture of the bill and the receipt right away and send it to my cloud storage (as pdf version). The receipts are stored in a per_calendar_year folder.
by raixx017
Sat Jan 19, 2019 6:24 pm
Forum: Personal Investments
Topic: 401k + aftertax 401k -> roth methodology
Replies: 20
Views: 1732

Re: 401k + aftertax 401k -> roth methodology

1) continue maxing pretax 19k 2) reduce taxable brokerage savings and begin the aftertax 401k targeting 37k for CY2019 ($56k total for pre/post contributions) 3) in 2020, convert all after tax contributions to a roth ira 4) rinse & repeat ...are there any other tactical risks that I am not cons...
by raixx017
Tue Jan 01, 2019 7:12 pm
Forum: Personal Investments
Topic: More TLH questions...(pl help!)
Replies: 22
Views: 2099

Re: More TLH questions...(pl help!)

great idea ! Will certainly do. :sharebeer
by raixx017
Tue Jan 01, 2019 6:57 pm
Forum: Personal Investments
Topic: More TLH questions...(pl help!)
Replies: 22
Views: 2099

Re: More TLH questions...(pl help!)

As promised, here's the result of my TLH done in my VG taxable account. 1. Details: What are you selling at a loss? -- > VTSAX and VTIAX In which accounts? ---> My taxable account. Neither my spouse nor any of the IRAs have these holdings. When did you last purchase shares in what you are selling? -...
by raixx017
Mon Dec 31, 2018 4:04 pm
Forum: Personal Investments
Topic: More TLH questions...(pl help!)
Replies: 22
Views: 2099

Re: More TLH questions...(pl help!)

And you have to do us a favor. After you make these exchanges, please come back next week and tell us what is shown in your accounts about wash sales (if there is even anything shown about wash sales or not). Most definitely ! I finally planned on doing both - (a) sell all shares in one go b) sell ...
by raixx017
Mon Dec 31, 2018 3:00 pm
Forum: Personal Investments
Topic: More TLH questions...(pl help!)
Replies: 22
Views: 2099

Re: More TLH questions...(pl help!)

Thanks ! That helps clarify this.

Happy new year !!!
by raixx017
Mon Dec 31, 2018 2:21 pm
Forum: Personal Investments
Topic: More TLH questions...(pl help!)
Replies: 22
Views: 2099

Re: More TLH questions...(pl help!)

Thank you - rkhusky and livesoft (as always!) Can you explain how a sale that has both gain and loss mixed will be handled here? Pub 550 states Loss and gain on same day. Loss from a wash sale of one block of stock or securities cannot be used to reduce any gains on identical blocks sold the same da...
by raixx017
Mon Dec 31, 2018 1:44 pm
Forum: Personal Investments
Topic: More TLH questions...(pl help!)
Replies: 22
Views: 2099

Re: More TLH questions...(pl help!)

What are you selling at a loss? In which accounts? When did you last purchase shares in what you are selling? In which accounts did you make those purchases in? https://www.bogleheads.org/forum/viewtopic.php?p=4289994#p4289994 and my other replies should have answer to some of these. But I'll try t...
by raixx017
Mon Dec 31, 2018 1:21 pm
Forum: Personal Investments
Topic: More TLH questions...(pl help!)
Replies: 22
Views: 2099

Re: More TLH questions...(pl help!)

Thanks, @kaneohe for the reply and re-upping this. Appreciate it ! I'm about to TLH, and I'm upping this to confirm if the my understanding of my loss-profit mix case is correct. Thanks in advance ! I'm not sure I saw your understanding of your loss-profit mix case, so I cannot comment. My understan...
by raixx017
Mon Dec 31, 2018 10:25 am
Forum: Personal Investments
Topic: More TLH questions...(pl help!)
Replies: 22
Views: 2099

Re: More TLH questions...(pl help!)

I'm about to TLH, and I'm upping this to confirm if the my understanding of my loss-profit mix case is correct.
Thanks in advance !
by raixx017
Sun Dec 30, 2018 8:57 pm
Forum: Personal Investments
Topic: More TLH questions...(pl help!)
Replies: 22
Views: 2099

Re: More TLH questions...(pl help!)

@kaneohe Thanks for the reply and explaining these two points. My (and my spouse's) IRA does not have the same MF that I want to TLH in my taxable account, so I think I should be good. Also, I just checked my VG account and the SpecID details are now visible :) . Thanks, again ! Further, after readi...
by raixx017
Sat Dec 29, 2018 4:21 pm
Forum: Personal Investments
Topic: More TLH questions...(pl help!)
Replies: 22
Views: 2099

Re: More TLH questions...(pl help!)

3. Wash sales are NOT illegal. Wash sales happen all the time. IRS Publication 550 and other places describe how to treat wash sales on on one's tax returns. One can have partial wash sales. IRS Publication 550 and other places show how partial wash sales work. I had a long thread not for the faint...
by raixx017
Sat Dec 29, 2018 12:45 pm
Forum: Personal Investments
Topic: More TLH questions...(pl help!)
Replies: 22
Views: 2099

More TLH questions...(pl help!)

Hello All, I'm trying to dabble into tax loss harvesting (TLH) for the first time and have a few questions related to it. I have gone through some of the latest posts on this topic, and also read a few personal finance blogs on this. I wanted to make sure my understanding is correct on the following...
by raixx017
Wed Jun 20, 2018 7:55 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Prime Money Market Fund (VMMXX) breaks 1.00 (% not $)
Replies: 242
Views: 53303

Re: Vanguard Prime Money Market Fund (VMMXX) breaks 1.00 (% not $)

How often does VMMXX pay interest / dividend (i.e it gets deposited to the account) ? Is that a fixed scheduled ? Where can I find this information ?

Thanks !
by raixx017
Thu May 24, 2018 9:40 am
Forum: Personal Investments
Topic: Buying Treasury Bills: Treasury Direct or Vanguard / Fidelity
Replies: 86
Views: 27556

Re: Buying Treasury Bills: Treasury Direct or Vanguard / Fidelity

ThisJustIn, mega317

Thanks for posting detailed instructions. Yes, I can now see the "buy" option. Also, I found this written when I selected to buy 3 months Bills ... "Notes:
Yields include commission."

Thanks, again !
by raixx017
Wed May 23, 2018 10:08 pm
Forum: Personal Investments
Topic: Buying Treasury Bills: Treasury Direct or Vanguard / Fidelity
Replies: 86
Views: 27556

Re: Buying Treasury Bills: Treasury Direct or Vanguard / Fidelity

Hello, Bumping this up, as I was also interested in knowing how to buy T-bills through Vangaurd. I want to buy "new issues". I selected "Market" type as Auction and this what came up. As you can see, there's no place to select "buy". How does one go about buying (or pla...
by raixx017
Mon May 21, 2018 6:33 pm
Forum: Personal Investments
Topic: Please help me rationalise this 401k investment choice
Replies: 23
Views: 1733

Re: Please help me rationalise this 401k investment choice

Thanks to all for reading and replying to this thread ! I've learnt a few new things today. And yes, I was more concerned with having confidence (or lack thereof) in the choices I make, rather than explaining it to someone. Your responses and link to resources have helped me with that. A few quick p...
by raixx017
Sun May 20, 2018 9:02 pm
Forum: Personal Investments
Topic: Please help me rationalise this 401k investment choice
Replies: 23
Views: 1733

Re: Please help me rationalise this 401k investment choice

Thanks for responding ! There are some funds that seem to have better performance than the typical Boglehead Index fund, BUT once you calculate the added fees COMPOUNDED, the performance is below the Index funds. I looked at 5 year, 10 year and Since inception. Did I miss something? So, let's take t...
by raixx017
Sun May 20, 2018 8:50 pm
Forum: Personal Investments
Topic: Please help me rationalise this 401k investment choice
Replies: 23
Views: 1733

Re: Please help me rationalise 401k investment choice

Thanks for your replies ! My follow-on comments: And why would you need to rationalize your choices to this person? Mostly to be confident in my choice, backed by sound reasoning ( which at the time of discussion with my colleague, I was unable to provide) Were there other index funds available that...
by raixx017
Sun May 20, 2018 8:07 pm
Forum: Personal Investments
Topic: Please help me rationalise this 401k investment choice
Replies: 23
Views: 1733

Please help me rationalise this 401k investment choice

Hello to all, I've been following this forum for a few months now, and have learnt a lot. Alas, with some knowledge comes plenty of doubts ! I was discussing the geenral Boggleheads philosophy and specifically the 3-fund portfolio with my colleague. I shared with him how that this has informed my se...