Search found 112 matches

by Andrew321
Sun Feb 09, 2020 7:30 pm
Forum: Personal Finance (Not Investing)
Topic: Fun Side Income in Retirement?
Replies: 50
Views: 4048

Re: Fun Side Income in Retirement?

Older members of my family do arts and crafts, like selling candles at flea markets.
by Andrew321
Sat Feb 08, 2020 10:03 am
Forum: Personal Investments
Topic: Are there any great bank bonuses for EF money?
Replies: 4
Views: 369

Re: Are there any great bank bonuses for EF money?

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.
by Andrew321
Fri Feb 07, 2020 7:34 pm
Forum: Investing - Theory, News & General
Topic: What is the highest expense ratio you willingly pay?
Replies: 122
Views: 7357

Re: What is the highest expense ratio you willingly pay?

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.
by Andrew321
Sun Feb 02, 2020 9:26 am
Forum: Personal Finance (Not Investing)
Topic: MA Tax Return-language question
Replies: 6
Views: 550

Re: MA Tax Return-language question

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 ...
by Andrew321
Sun Feb 02, 2020 9:26 am
Forum: Personal Finance (Not Investing)
Topic: MA Tax Return-language question
Replies: 6
Views: 550

Re: MA Tax Return-language question

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...
by Andrew321
Fri Jan 31, 2020 8:31 pm
Forum: Personal Finance (Not Investing)
Topic: MA Tax Return-language question
Replies: 6
Views: 550

Re: MA Tax Return-language question

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...
by Andrew321
Fri Jan 31, 2020 5:09 pm
Forum: Personal Finance (Not Investing)
Topic: MA Tax Return-language question
Replies: 6
Views: 550

MA Tax Return-language question

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 "Roth conv...
by Andrew321
Sat Jan 25, 2020 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: Inputting Roth Conversion Into CK Tax
Replies: 14
Views: 867

Re: Inputting Roth Conversion Into CK Tax

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
by Andrew321
Thu Jan 16, 2020 9:34 pm
Forum: Personal Finance (Not Investing)
Topic: Inputting Roth Conversion Into CK Tax
Replies: 14
Views: 867

Re: Inputting Roth Conversion Into CK Tax

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
by Andrew321
Thu Jan 16, 2020 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: Inputting Roth Conversion Into CK Tax
Replies: 14
Views: 867

Re: Inputting Roth Conversion Into CK Tax

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 "Rollove...
by Andrew321
Thu Jan 16, 2020 7:46 pm
Forum: Personal Finance (Not Investing)
Topic: Inputting Roth Conversion Into CK Tax
Replies: 14
Views: 867

Inputting Roth Conversion Into CK Tax

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 ...
by Andrew321
Sun Jan 12, 2020 11:32 am
Forum: Personal Investments
Topic: Minimum for investment fee to be worth it.
Replies: 7
Views: 801

Re: Minimum for investment fee to be worth it.

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
by Andrew321
Fri Jan 10, 2020 9:34 pm
Forum: Personal Investments
Topic: Minimum for investment fee to be worth it.
Replies: 7
Views: 801

Re: Minimum for investment fee to be worth it.

There is not. Good question, I will edit.
by Andrew321
Fri Jan 10, 2020 8:59 pm
Forum: Personal Investments
Topic: Minimum for investment fee to be worth it.
Replies: 7
Views: 801

Minimum for investment fee to be worth it.

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...
by Andrew321
Mon Dec 02, 2019 1:56 pm
Forum: Investing - Theory, News & General
Topic: Can one have too much Roth?
Replies: 175
Views: 15265

Re: Can one have too much Roth?

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 ...
by Andrew321
Sat Nov 23, 2019 10:54 pm
Forum: Personal Finance (Not Investing)
Topic: Are complicated credit card cash back strategies worth it?
Replies: 131
Views: 11386

Re: Are complicated credit card cash back strategies worth it?

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....
by Andrew321
Sun Nov 17, 2019 9:57 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 4243
Views: 1225935

Re: What Book Are You Currently Reading? Part VI

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 government-issued ...
by Andrew321
Sat Oct 05, 2019 11:23 am
Forum: Personal Investments
Topic: Pension Statement Delay
Replies: 2
Views: 290

Pension Statement Delay

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...
by Andrew321
Tue Sep 03, 2019 6:50 pm
Forum: Investing - Theory, News & General
Topic: Best of Bogleheads - your #1 takeaway
Replies: 151
Views: 15849

Re: Best of Bogleheads - your #1 takeaway

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 Investing" were the sta...
by Andrew321
Tue Aug 20, 2019 4:08 pm
Forum: Personal Investments
Topic: Fidelity REITs
Replies: 13
Views: 1783

Re: Fidelity REITs

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.
by Andrew321
Sat Aug 17, 2019 3:38 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 1294
Views: 174213

Re: Post your Financial Milestone Announcements Here

Thank you both!
by Andrew321
Fri Aug 16, 2019 6:23 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 1294
Views: 174213

Re: Post your Financial Milestone Announcements Here

IRA just passed 10k for the first time ever!
by Andrew321
Sun Aug 11, 2019 4:45 pm
Forum: Investing - Theory, News & General
Topic: Fine print rationale
Replies: 3
Views: 373

Fine print rationale

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 the borro...
by Andrew321
Sun Aug 04, 2019 9:52 am
Forum: Personal Investments
Topic: P2P lending
Replies: 5
Views: 679

Re: P2P lending

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
by Andrew321
Fri Aug 02, 2019 3:24 pm
Forum: Personal Investments
Topic: P2P lending
Replies: 5
Views: 679

P2P lending

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...
by Andrew321
Sat Jul 06, 2019 11:05 am
Forum: Personal Investments
Topic: How to avoid industries I do not want to invest in?
Replies: 55
Views: 4522

Re: How to avoid industries I do not want to invest in?

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-3GkEeq7TzJBiiUWZQoH...
by Andrew321
Wed Jul 03, 2019 4:55 pm
Forum: Personal Finance (Not Investing)
Topic: Adult son has not controlled credit card overuse!
Replies: 106
Views: 6964

Re: Adult son has not controlled credit card overuse!

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.
by Andrew321
Fri Jun 28, 2019 10:05 pm
Forum: Personal Investments
Topic: Bought Prospectus Under Separate Cover
Replies: 9
Views: 1224

Bought Prospectus Under Separate Cover

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...
by Andrew321
Sat Jun 15, 2019 2:38 pm
Forum: Personal Finance (Not Investing)
Topic: Modular Homes-Advice?
Replies: 7
Views: 1483

Modular Homes-Advice?

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...
by Andrew321
Sat Jun 01, 2019 4:03 pm
Forum: Personal Investments
Topic: When to Pay Conversion Tax
Replies: 4
Views: 510

Re: When to Pay Conversion Tax

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 more. My tot...
by Andrew321
Sat Jun 01, 2019 10:23 am
Forum: Personal Investments
Topic: When to Pay Conversion Tax
Replies: 4
Views: 510

Re: When to Pay Conversion Tax

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...
by Andrew321
Sat Jun 01, 2019 9:37 am
Forum: Personal Investments
Topic: When to Pay Conversion Tax
Replies: 4
Views: 510

When to Pay Conversion Tax

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
by Andrew321
Sat May 25, 2019 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: Will my checks work?
Replies: 26
Views: 2069

Will my checks work?

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
by Andrew321
Sat May 11, 2019 6:41 pm
Forum: Personal Investments
Topic: AA Feedback-equities
Replies: 5
Views: 270

Re: AA Feedback-equities

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...
by Andrew321
Sat May 11, 2019 6:11 pm
Forum: Personal Investments
Topic: AA Feedback-equities
Replies: 5
Views: 270

Re: AA Feedback-equities

Thank you both. I'm going to edit the original post-it's in a Roth IRA.
by Andrew321
Sat May 11, 2019 5:43 pm
Forum: Personal Investments
Topic: AA Feedback-equities
Replies: 5
Views: 270

AA Feedback-equities

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...
by Andrew321
Sat May 04, 2019 4:01 pm
Forum: Investing - Theory, News & General
Topic: Dividend comment in Bernstein's 4 Pillars
Replies: 6
Views: 1535

Re: Dividend comment in Bernstein's 4 Pillars

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: I have rea...
by Andrew321
Sat May 04, 2019 4:00 pm
Forum: Investing - Theory, News & General
Topic: Value Stocks and Expenses
Replies: 11
Views: 867

Re: Value Stocks and Expenses

Thank you all for your advice. I appreciate it!
by Andrew321
Sat May 04, 2019 11:06 am
Forum: Investing - Theory, News & General
Topic: Value Stocks and Expenses
Replies: 11
Views: 867

Re: Value Stocks and Expenses

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.
by Andrew321
Sat May 04, 2019 11:00 am
Forum: Investing - Theory, News & General
Topic: Value Stocks and Expenses
Replies: 11
Views: 867

Re: Value Stocks and Expenses

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 say the R...
by Andrew321
Sat May 04, 2019 10:52 am
Forum: Investing - Theory, News & General
Topic: Value Stocks and Expenses
Replies: 11
Views: 867

Re: Value Stocks and Expenses

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.
by Andrew321
Fri May 03, 2019 7:19 pm
Forum: Investing - Theory, News & General
Topic: Value Stocks and Expenses
Replies: 11
Views: 867

Value Stocks and Expenses

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 ...
by Andrew321
Sun Apr 28, 2019 7:32 pm
Forum: Investing - Theory, News & General
Topic: Dividend comment in Bernstein's 4 Pillars
Replies: 6
Views: 1535

Dividend comment in Bernstein's 4 Pillars

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!
by Andrew321
Thu Apr 25, 2019 8:43 pm
Forum: Personal Investments
Topic: Rollovers and RMDs
Replies: 2
Views: 263

Re: Rollovers and RMDs

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.
by Andrew321
Thu Apr 25, 2019 8:00 pm
Forum: Personal Investments
Topic: Rolling over to save fees on similar products
Replies: 10
Views: 626

Re: Rolling over to save fees on similar products

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...
by Andrew321
Thu Apr 25, 2019 7:58 pm
Forum: Personal Investments
Topic: Rollovers and RMDs
Replies: 2
Views: 263

Rollovers and RMDs

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 ...
by Andrew321
Tue Apr 23, 2019 8:00 pm
Forum: Personal Investments
Topic: Rolling over to save fees on similar products
Replies: 10
Views: 626

Re: Rolling over to save fees on similar products

Thank you! I work on a 10 month contract and could do it every summer, I think, in between contracts. I’ll look into the fees. Could do what every summer? If you are thinking of rolling over "after tax" employee contributions every summer, I seriously doubt your plans offer that. After-tax employee...
by Andrew321
Tue Apr 23, 2019 11:15 am
Forum: Personal Investments
Topic: Rolling over to save fees on similar products
Replies: 10
Views: 626

Re: Rolling over to save fees on similar products

Thank you! I work on a 10 month contract and could do it every summer, I think, in between contracts. I’ll look into the fees.