Bogleheads.org

Andrew321

Hello, After reading a few previous threads and the SS factsheet, I was wondering about my private employment and my future pension. My future government pension will almost certainly bring my SS benefit down to 0 because of the GPO. What happens to the money I previously contributed to Social Secur...

Andrew321

Hello all, Please forgive me for another technical post. Problem with W-2: I have received new W-2s because the payroll company made an error in them. It appears to only affect my state return because it relates specifically to a retirement deduction for the state system. The Feds give the deduction...

Andrew321

Older members of my family do arts and crafts, like selling candles at flea markets.

Andrew321

I ue everybankbonus.com They have a state filter, which is useful. It's updated regularly, and about 90% accurate. There are some expired offers on the site, and you'll occasionally find one for the wrong state. On the whole, though, it's been very good and I've gotten about a grand using them.

Andrew321

I wouldn't ever pay more than 10 bp. The highest I've paid is 7 bp for FSRNX, the Fidelity real estate index fund.

Andrew321

I know Roth conversions are taxable here (I have no cost basis) so I included it because there was no other place to put it. It appears on line 9 of my state tax return, and also in schedule x, where such things go. I *think* I got it right. Okay, I took a look at your Form 1 instructions and your ...

Andrew321

Thanks to you! When I read my MA tax return, it said my income was my W-2 income on line 3 (the same number that is the sum of my two W-2 forms and that appears on line 1 of my 2019 1040). I know Roth conversions are taxable here (I have no cost basis) so I included it because there was no other pl...

Andrew321

Thanks to you! When I read my MA tax return, it said my income was my W-2 income on line 3 (the same number that is the sum of my two W-2 forms and that appears on line 1 of my 2019 1040). I know Roth conversions are taxable here (I have no cost basis) so I included it because there was no other pla...

Andrew321

Hi All, I am filling in my MA tax return through CK. "Total IRA/Keogh plan distributions, qualified charitable IRA distributions, Roth IRA conversion distributions received during 2019:" Do I put my Roth conversion here? It sounds stupid to ask, but is the act of doing a Roth conversion a ...

Andrew321

Hi all,
Thank you for sharing your knowledge. I appreciate it. Once I get the rest of my tax forms this week or next, I may post again to confirm that my line 4 is correct. It really helps a lot-this is something I want to mess up!
Andrew

Andrew321

Thanks again! I'll make sure to check lines 4a and 4b on the 1040 to see that they are 3665. If the end result is right, that is what matters.

Andrew

Andrew321

On box 2a of my 1099-r, the taxable amount is listed as $3,665. That's what I inputted into the software. Several questions later, it told me to subtract the rolled over amount from box 2a. Since I rolled over the entire thing, I changed box 2a to 0 , and put $3,665 into the question about "Ro...

Andrew321

Hi Bogleheads, I have a complicated question about what to enter where in the tax software. Here's the background: Last year, I rolled over $3,663 from a pre-tax 457(b) at Empower to a rollover IRA at Fidelity. I did a Roth conversion a few days later into my Fidelity Roth IRA. A few weeks later, I ...

Andrew321

Hi all,
Thanks again for all the advice. I really appreciate it, and will probably put some money into the 403(b) and put some toward large purchases. I want to buy a car this year, and could save a little faster.

Andrew

Andrew321

There is not. Good question, I will edit.

Andrew321

Hi all, Is there a minimum amount of money I should contribute to Vanguard's 403(b) for it to be worth the $5/month fee. I know $60/year isn't much but as a percentage of what I would put in, it is high. I am thinking about $100/month, which makes it $1,200/year. 60 bucks represents 5% of that. Shou...

Andrew321

3484.40

Andrew321

The downside of having too much Roth is that you may have paid too much in tax to get it. That's the issue. Too much Roth means that you paid $2 today to save $1 in taxes in the future, for instance. I'm particularly interested in millennials - younger investors - who today are still in relatively ...

Andrew321

In some cases, it is worth the hassle. Chase has 3 offers for $200 cash back by spending $500 in 3 months when you apply though Chase's website. Chase freedom unlimited-that offer plus 1.5%. Chase freedom-that offer plus 1%. Chase Disney something or other-the same $200, but it comes with a $49 fee....

Andrew321

I finished reading "America's Bank" by Roger Lowenstein. It includes a brief history of US money and national banks, then spends most of its pages giving a history of how the federal reserve came to be. I learned about how scrip was used in financial panics, and that the idea of a governme...

Andrew321

Hello all, I've noticed in the 9 weeks I have been at my new job, my pension contributions have not been reflected in statements. I inquired and they told me there is a normal auditing process. Should I be concerned that it takes more than 2 months for a paycheck contribution to appear in my pension...

Andrew321

I learned the importance of frugality-I just got a raise, moved down in housing, and now save a minimum of 40% of my gross. Sure, I'm making up for lost time, but I'm happier and wealthier. Bill Bernstein's admonitions against consumerism in "If You Can" and "The 4 Pillars of Investin...

Andrew321

codedude wrote: ↑Mon Aug 19, 2019 7:32 pm Fidelity real estate index fund (ticker FSRNX, exp ratio 0.07%) is a great choice at Fidelity.

+1, I used to own it before I simplified to a total market strategy.

Andrew321

Thank you both!

Andrew321

IRA just passed 10k for the first time ever!

Andrew321

Hi all, I received an ad from Santander bank for a personal loan. In reading the fine print, it said "Personal Loans cannot be used to finance post secondary educational expenses." Does anyone know why the loan cannot be used to pay for such expenses? If it's a personal loan, I figure that...

Andrew321

Thanks very much to everyone. I appreciate your advice and sharing your experiences. I've decided against it, not only from your feedback, but that this seems to be a "low risk, high reward" pitch and I'm suspicious.
Andrew

Andrew321

Hi All, I am considering investing money in P2P lending, and wanted to ask if anyone knew of a database or regulatory framework that might have information about accreditation or compliance. I want to make sure that my money is lent through a creditable platform, but couldn't find a specific regulat...

Andrew321

Fidelity offers ESG (environmental/social/governance) funds that address these concerns. You can read more: https://www.fidelity.com/mutual-funds/investing-ideas/socially-responsible-investing?imm_pid=700000001009773&immid=100596&imm_eid=ep34589701986&gclid=Cj0KCQjwjYHpBRC4ARIsAI-3GkEeq7...

Andrew321

Dave Ramsey's mindset towards debt is great. If I can offer one suggestion on the baby steps, have your son pay extra on his highest interest card first, not the lowest balance as DR would suggest.

Andrew321

Hi all, Personal Capital is telling me that I bought a prospectus under separate cover for a Fidelity fund I buy. Has anyone ever seen this? I've never bought a prospectus and thought they were free and public. A google search leads to an old 2012 forum post here in which the term is not defined (it...

Andrew321

Hi folks, I'm thinking of buying a prefab house in a year or two and wanted the advice of people who had bought one. 1. Is the home you bought good quality? Are there any companies I should consider? 2. About how much money should I budget beyond the price of the land and house (excavation, utilitie...

Andrew321

What was your tax for 2018? Not what you paid in April, but for the whole yr? How much will you withhold by end of 2019? If you will withhold by end of 2019, 100% of last yr tax (110% if AGI > 150K), you will meet the "last yr tax" safe harbor and be ok. If not, you can ask to withhold mo...

Andrew321

I always have the additional taxes withheld from withholding the last 2-3 months of the year to cover the difference. If that isn't good for you I would pay in the 4th quarter estimated tax due in January. You may be ok regardless but not possible to know without specific details of your prior year...

Andrew321

Hi all,

I'm going to do a Roth conversion later this year on a small workplace plan. Is there any penalty for failing to pay the tax within a certain time frame, or can I just do it when I file in 2020? I don't want to be hit with any sort of underpayment penalty.

Andrew

Andrew321

Hi all,

I have checks for a checking account that display an old address. Do I need to buy new ones for the checks to clear?

Andrew

Andrew321

Hi all, After carefully reading Bernstein and the Boglehead Series, I want to ask what people think of this AA. This is for the equities part of my portfolio-I have safety from my public pension (80% for life once retired). But how far are you from retirement ? Counting on a pension 20 years to com...

Andrew321

Thank you both. I'm going to edit the original post-it's in a Roth IRA.

Andrew321

Hi all, After carefully reading Bernstein and the Boglehead Series, I want to ask what people think of this AA. This is for the equities part of my portfolio-I have safety from my public pension (80% for life once retired). Edit: All of this is held in a Roth IRA. This is what I want to re-balance t...

Andrew321

Hello, I'm re-reading the 4 Pillars and there's a sentence that has me confused on page 59. "Companies usually only pay part of their dividends out as earnings." Does he mean "Companies usually only pay part of their earnings out as dividends."? If not, please explain. Thanks! A...

Andrew321

Thank you all for your advice. I appreciate it!

Andrew321

drk wrote: ↑Sat May 04, 2019 11:04 am Fidelity does offer that: IJS, which you can trade commission-free. It's the equivalent to VIOV, albeit with a slightly higher ER (0.25% to 0.2%).

Thank you! I was only looking on their regular mutual fund page, and hadn't read their ETF offerings.

Andrew321

I would not use an active fund with a high ER. I currently only hold VSIAX (my 401k offering, Roth is currently filled with other holdings), but my preferred index is the S&P600, which is about half the median size of Vanguard's CRSP and benefits from the S&P's quality screen (relative to s...

Andrew321

delamer wrote: ↑Fri May 03, 2019 7:54 pm Is there some reason you are focused just on Fidelity?

Yes, because it's where I have my IRA, and investing in their funds is commission-free.

Andrew321

Hi all, The case for owning value stocks seems good (at least after reading Bernstein), and I read that the annualized long-term benefit is about 1.5%. After expenses (both ER and transactional), I wasn't sure if the extra risk was worth the reward and wanted some advice as to whether or not to buy ...

Andrew321

Thanks!

Andrew321

Hello, I'm re-reading the 4 Pillars and there's a sentence that has me confused on page 59. "Companies usually only pay part of their dividends out as earnings." Does he mean "Companies usually only pay part of their earnings out as dividends."? If not, please explain. Thanks!

Andrew321

Duckie wrote: ↑Thu Apr 25, 2019 8:21 pm
Andrew321 wrote:If, during the course of a career, an individual moves money from a Roth designated 403(b) or 457(b) into a Roth IRA, do RMDs apply to the rolled over money?
No. Once the money is in the Roth IRA, only the Roth IRA rules apply.

Outstanding. Thank you.

Andrew321

My wife is a teacher, and I can certainly relate to what the OP is saying. The new teachers are hired on a 10 month contract. Around May or so, the RIF letters (Reduction in Force) must go out, OR the school is obligated to cover the health premiums for the summer for these new teachers. There is a...

Andrew321

Hi folks, If, during the course of a career, an individual moves money from a Roth designated 403(b) or 457(b) into a Roth IRA, do RMDs apply to the rolled over money? I know that RMDs apply to Roth designated employer sponsored plans, and wasn't sure how it worked. I tried reading the IRS guidance ...

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