Search found 114 matches
- Tue Apr 07, 2020 7:42 pm
- Forum: Personal Finance (Not Investing)
- Topic: Government Pension Offset
- Replies: 4
- Views: 643
Government Pension Offset
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...
- Thu Mar 26, 2020 5:40 pm
- Forum: Personal Finance (Not Investing)
- Topic: Credit Karma Amended Return
- Replies: 0
- Views: 165
Credit Karma Amended Return
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...
- Sun Feb 09, 2020 7:30 pm
- Forum: Personal Finance (Not Investing)
- Topic: Fun Side Income in Retirement?
- Replies: 50
- Views: 4397
Re: Fun Side Income in Retirement?
Older members of my family do arts and crafts, like selling candles at flea markets.
- Sat Feb 08, 2020 10:03 am
- Forum: Personal Investments
- Topic: Are there any great bank bonuses for EF money?
- Replies: 4
- Views: 404
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.
- Fri Feb 07, 2020 7:34 pm
- Forum: Investing - Theory, News & General
- Topic: What is the highest expense ratio you willingly pay?
- Replies: 123
- Views: 8891
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.
- Sun Feb 02, 2020 9:26 am
- Forum: Personal Finance (Not Investing)
- Topic: MA Tax Return-language question
- Replies: 6
- Views: 625
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 ...
- Sun Feb 02, 2020 9:26 am
- Forum: Personal Finance (Not Investing)
- Topic: MA Tax Return-language question
- Replies: 6
- Views: 625
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...
- Fri Jan 31, 2020 8:31 pm
- Forum: Personal Finance (Not Investing)
- Topic: MA Tax Return-language question
- Replies: 6
- Views: 625
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...
- Fri Jan 31, 2020 5:09 pm
- Forum: Personal Finance (Not Investing)
- Topic: MA Tax Return-language question
- Replies: 6
- Views: 625
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 ...
- Sat Jan 25, 2020 8:03 pm
- Forum: Personal Finance (Not Investing)
- Topic: Inputting Roth Conversion Into CK Tax
- Replies: 14
- Views: 1646
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
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
- Thu Jan 16, 2020 9:34 pm
- Forum: Personal Finance (Not Investing)
- Topic: Inputting Roth Conversion Into CK Tax
- Replies: 14
- Views: 1646
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
Andrew
- Thu Jan 16, 2020 8:13 pm
- Forum: Personal Finance (Not Investing)
- Topic: Inputting Roth Conversion Into CK Tax
- Replies: 14
- Views: 1646
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 "Ro...
- Thu Jan 16, 2020 7:46 pm
- Forum: Personal Finance (Not Investing)
- Topic: Inputting Roth Conversion Into CK Tax
- Replies: 14
- Views: 1646
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 ...
- Sun Jan 12, 2020 11:32 am
- Forum: Personal Investments
- Topic: Minimum for investment fee to be worth it.
- Replies: 7
- Views: 834
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
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
- Fri Jan 10, 2020 9:34 pm
- Forum: Personal Investments
- Topic: Minimum for investment fee to be worth it.
- Replies: 7
- Views: 834
Re: Minimum for investment fee to be worth it.
There is not. Good question, I will edit.
- Fri Jan 10, 2020 8:59 pm
- Forum: Personal Investments
- Topic: Minimum for investment fee to be worth it.
- Replies: 7
- Views: 834
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...
- Wed Jan 01, 2020 8:03 pm
- Forum: Investing - Theory, News & General
- Topic: OFFICIAL REGISTRATION FOR THE 2020 BOGLEHEAD CONTEST
- Replies: 688
- Views: 22936
- Mon Dec 02, 2019 1:56 pm
- Forum: Investing - Theory, News & General
- Topic: Can one have too much Roth?
- Replies: 175
- Views: 16571
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 ...
- 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: 18594
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....
- Sun Nov 17, 2019 9:57 pm
- Forum: Personal Consumer Issues
- Topic: What Book Are You Currently Reading? Part VI
- Replies: 4970
- Views: 1314244
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 governme...
- Sat Oct 05, 2019 11:23 am
- Forum: Personal Investments
- Topic: Pension Statement Delay
- Replies: 2
- Views: 317
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...
- Tue Sep 03, 2019 6:50 pm
- Forum: Investing - Theory, News & General
- Topic: Best of Bogleheads - your #1 takeaway
- Replies: 151
- Views: 16297
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 Investin...
- Tue Aug 20, 2019 4:08 pm
- Forum: Personal Investments
- Topic: Fidelity REITs
- Replies: 21
- Views: 4470
- Sat Aug 17, 2019 3:38 pm
- Forum: US Chapters
- Topic: Post your Financial Milestone Announcements Here
- Replies: 2115
- Views: 258268
Re: Post your Financial Milestone Announcements Here
Thank you both!
- Fri Aug 16, 2019 6:23 pm
- Forum: US Chapters
- Topic: Post your Financial Milestone Announcements Here
- Replies: 2115
- Views: 258268
Re: Post your Financial Milestone Announcements Here
IRA just passed 10k for the first time ever!
- Sun Aug 11, 2019 4:45 pm
- Forum: Investing - Theory, News & General
- Topic: Fine print rationale
- Replies: 3
- Views: 394
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...
- Sun Aug 04, 2019 9:52 am
- Forum: Personal Investments
- Topic: P2P lending
- Replies: 5
- Views: 725
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
Andrew
- Fri Aug 02, 2019 3:24 pm
- Forum: Personal Investments
- Topic: P2P lending
- Replies: 5
- Views: 725
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...
- 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: 4782
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-3GkEeq7...
- Wed Jul 03, 2019 4:55 pm
- Forum: Personal Finance (Not Investing)
- Topic: Adult son has not controlled credit card overuse!
- Replies: 106
- Views: 7129
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.
- Fri Jun 28, 2019 10:05 pm
- Forum: Personal Investments
- Topic: Bought Prospectus Under Separate Cover
- Replies: 9
- Views: 2780
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...
- Sat Jun 15, 2019 2:38 pm
- Forum: Personal Finance (Not Investing)
- Topic: Modular Homes-Advice?
- Replies: 7
- Views: 1636
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...
- Sat Jun 01, 2019 4:03 pm
- Forum: Personal Investments
- Topic: When to Pay Conversion Tax
- Replies: 4
- Views: 520
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 mo...
- Sat Jun 01, 2019 10:23 am
- Forum: Personal Investments
- Topic: When to Pay Conversion Tax
- Replies: 4
- Views: 520
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...
- Sat Jun 01, 2019 9:37 am
- Forum: Personal Investments
- Topic: When to Pay Conversion Tax
- Replies: 4
- Views: 520
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
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
- Sat May 25, 2019 4:14 pm
- Forum: Personal Finance (Not Investing)
- Topic: Will my checks work?
- Replies: 27
- Views: 2958
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
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
- Sat May 11, 2019 6:41 pm
- Forum: Personal Investments
- Topic: AA Feedback-equities
- Replies: 5
- Views: 276
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...
- Sat May 11, 2019 6:11 pm
- Forum: Personal Investments
- Topic: AA Feedback-equities
- Replies: 5
- Views: 276
Re: AA Feedback-equities
Thank you both. I'm going to edit the original post-it's in a Roth IRA.
- Sat May 11, 2019 5:43 pm
- Forum: Personal Investments
- Topic: AA Feedback-equities
- Replies: 5
- Views: 276
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...
- Sat May 04, 2019 4:01 pm
- Forum: Investing - Theory, News & General
- Topic: Dividend comment in Bernstein's 4 Pillars
- Replies: 6
- Views: 1561
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! A...
- Sat May 04, 2019 4:00 pm
- Forum: Investing - Theory, News & General
- Topic: Value Stocks and Expenses
- Replies: 11
- Views: 924
Re: Value Stocks and Expenses
Thank you all for your advice. I appreciate it!
- Sat May 04, 2019 11:06 am
- Forum: Investing - Theory, News & General
- Topic: Value Stocks and Expenses
- Replies: 11
- Views: 924
- Sat May 04, 2019 11:00 am
- Forum: Investing - Theory, News & General
- Topic: Value Stocks and Expenses
- Replies: 11
- Views: 924
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 s...
- Sat May 04, 2019 10:52 am
- Forum: Investing - Theory, News & General
- Topic: Value Stocks and Expenses
- Replies: 11
- Views: 924
- Fri May 03, 2019 7:19 pm
- Forum: Investing - Theory, News & General
- Topic: Value Stocks and Expenses
- Replies: 11
- Views: 924
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 ...
- Fri May 03, 2019 7:00 pm
- Forum: Investing - Theory, News & General
- Topic: Dividend comment in Bernstein's 4 Pillars
- Replies: 6
- Views: 1561
- Sun Apr 28, 2019 7:32 pm
- Forum: Investing - Theory, News & General
- Topic: Dividend comment in Bernstein's 4 Pillars
- Replies: 6
- Views: 1561
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!
- Thu Apr 25, 2019 8:43 pm
- Forum: Personal Investments
- Topic: Rollovers and RMDs
- Replies: 2
- Views: 271
Re: Rollovers and RMDs
Outstanding. Thank you.
- Thu Apr 25, 2019 8:00 pm
- Forum: Personal Investments
- Topic: Rolling over to save fees on similar products
- Replies: 10
- Views: 649
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...
- Thu Apr 25, 2019 7:58 pm
- Forum: Personal Investments
- Topic: Rollovers and RMDs
- Replies: 2
- Views: 271
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 ...