Search found 92 matches

by Kintora
Tue Apr 20, 2021 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: IRA Recharacterization Tax Questions
Replies: 2
Views: 157

Re: IRA Recharacterization Tax Questions

The tax-preparer and you are solving the over-contribution problem in different ways. She is applying the excess to 2021 so you have that much less to contribute in 2021. But that will be a problem if you over-contribute again this year. (The custodian may not recognized it as a 2021 contribution i...
by Kintora
Tue Apr 20, 2021 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: IRA Recharacterization Tax Questions
Replies: 2
Views: 157

IRA Recharacterization Tax Questions

Due to an unusual 2020, my AGI was much higher than a normal year. The result was that I was only eligible to contribute $4,720 to a Roth IRA in 2020, but I contributed $6,000. For the overcontribution of $1,280, I performed a Roth IRA to Traditional IRA recharacterization with Vanguard who calculat...
by Kintora
Thu Apr 15, 2021 11:43 am
Forum: Personal Investments
Topic: BND vs BNDW
Replies: 3
Views: 369

Re: BND vs BNDW

Hmm... Per Vanguard's website (which is showing data as of 4/13/21): BND (domestic bonds) has an SEC yield of 1.35% BNDX (international bonds) has an SEC yield of 0.42% BNDW (world bonds) has a 53% allocation to BNDX and 47% allocation to BND. Yet it has an SEC yield of 2.89%. There's probably some...
by Kintora
Thu Apr 08, 2021 11:24 pm
Forum: Personal Investments
Topic: How to get my Roth IRA contribution history
Replies: 15
Views: 1236

Re: How to get my Roth IRA contribution history

I was able to find 3 years of my data (2011 and more recent) on IrS.gov, it only took 5 minutes to create an account and look at it directly myself. Yes, indeed, the previous link (below) was the ticket. I was able to pull all my data from 2011 to current which is exactly what I needed. The knowled...
by Kintora
Thu Apr 08, 2021 11:22 pm
Forum: Personal Investments
Topic: How to get my Roth IRA contribution history
Replies: 15
Views: 1236

Re: How to get my Roth IRA contribution history

Just curious, but why do you need your Roth contribution history? Everything in the account is tax free (at least after age 59 1/2). In my forecasting of various scenarios where I retire around age 54, I want to be aware of the amount I could potentially pull from the Roth IRA without penalty betwe...
by Kintora
Thu Apr 08, 2021 2:18 pm
Forum: Personal Investments
Topic: How to get my Roth IRA contribution history
Replies: 15
Views: 1236

Re: How to get my Roth IRA contribution history

Swivelguy wrote: Thu Apr 08, 2021 2:16 pm You can request 10 years of your "Wage and Income transcript" that contains form 5498 from the IRS here: https://www.irs.gov/individuals/transcr ... order-them
Excellent. Thank you very much.
by Kintora
Thu Apr 08, 2021 2:17 pm
Forum: Personal Investments
Topic: How to get my Roth IRA contribution history
Replies: 15
Views: 1236

Re: How to get my Roth IRA contribution history

Your yearly income tax paperwork may have info on if you contributed or not... but you may only keep 5 to 7 years of that info on file at home. I'm pretty sure there's a place to enter in your Roth contributions for the year (even if it didn't effect your taxes) Thanks, I will double check my tax p...
by Kintora
Thu Apr 08, 2021 2:16 pm
Forum: Personal Investments
Topic: How to get my Roth IRA contribution history
Replies: 15
Views: 1236

Re: How to get my Roth IRA contribution history

this kiplinger article says: Search your records for copies of Form 5498, which your IRA administrator sends to report contributions, or look for contributions on your brokerage statements... If you don’t have those records, you can request a transcript from the IRS. An enrolled agent or other tax ...
by Kintora
Thu Apr 08, 2021 2:13 pm
Forum: Personal Investments
Topic: How to get my Roth IRA contribution history
Replies: 15
Views: 1236

Re: How to get my Roth IRA contribution history

Vegomatic wrote: Thu Apr 08, 2021 2:05 pm Work through your checking account / check register, if you wrote checks from a non-EJ account.
Good idea, but unfortunately the contributions were always drawn from a pool of funds already in EJ. Thanks for the suggestion though.
by Kintora
Thu Apr 08, 2021 2:02 pm
Forum: Personal Investments
Topic: How to get my Roth IRA contribution history
Replies: 15
Views: 1236

How to get my Roth IRA contribution history

Wondering if anyone can help me out on the best way to get the full history of my Roth IRA contributions. I became a Boglehead in early 2020 and moved my accounts from Edward Jones to Vanguard including a Roth IRA which I had been contributing to for a number of years already. I contributed $6k in 2...
by Kintora
Tue Apr 06, 2021 2:58 pm
Forum: Personal Investments
Topic: Need Advice on starting a Health Savings Account
Replies: 8
Views: 469

Re: Need Advice on starting a Health Savings Account

Hello Bogleheads, I am a 41 year old, married with one child. We have good health insurance through my state government employment. They offer Flex Savings Accounts through my work but not Health Savings Accounts. Our family deductible is $3,000 a year which technically means it is not a low deduct...
by Kintora
Mon Mar 22, 2021 2:09 pm
Forum: Personal Investments
Topic: Bonds in Taxable vs. Roth
Replies: 5
Views: 597

Re: Bonds in Taxable vs. Roth

Mlm wrote: Mon Mar 22, 2021 2:04 pm Sounds good to me. This is my situation as well and that is what I am doing along with CD's
Thanks!
by Kintora
Mon Mar 22, 2021 2:08 pm
Forum: Personal Investments
Topic: Bonds in Taxable vs. Roth
Replies: 5
Views: 597

Re: Bonds in Taxable vs. Roth

Sounds like you have already done all of the usual checking and figuring. Your other choices would be CDs at a bank or credit union or I bonds atTreasury Direct or Treasuries (to eliminate the state tax). Only the I bonds are actually tax-efficient, but some people don't want to open an account at ...
by Kintora
Mon Mar 22, 2021 1:04 pm
Forum: Personal Investments
Topic: Bonds in Taxable vs. Roth
Replies: 5
Views: 597

Bonds in Taxable vs. Roth

In your opinion, is there anything wrong with putting bonds (BIV - Vanguard Intermediate-Term Bond Index Fund ETF) in my taxable brokerage account in the following scenario? Tax-deferred accounts are already filled with bonds ($67,000) Tax-free accounts (Roth) are currently filled with stocks ($75,0...
by Kintora
Sat Feb 06, 2021 9:54 am
Forum: Personal Investments
Topic: Moving to 0% income state tax.
Replies: 44
Views: 3604

Re: Moving to 0% income state tax.

For the years that you are outside the US, could you not be not a resident of any state and therefore no state income tax? Or because you are working for a US company you need residence in a US state? It really depends on the state you are leaving from. California would chase you forever unless you...
by Kintora
Fri Feb 05, 2021 5:43 pm
Forum: Personal Investments
Topic: Moving to 0% income state tax.
Replies: 44
Views: 3604

Re: Moving to 0% income state tax.

For the years that you are outside the US, could you not be not a resident of any state and therefore no state income tax? Or because you are working for a US company you need residence in a US state?
by Kintora
Tue Jan 19, 2021 11:27 pm
Forum: Personal Investments
Topic: Withdrawing from Traditional IRA/401k Tax Free
Replies: 4
Views: 562

Re: Withdrawing from Traditional IRA/401k Tax Free

Yes, this withdrawal would be tax free. If you don't need to spend all the money, an ideal use of the withdrawal would be to convert part the traditional IRA to a Roth IRA, so that future growth will be tax free as well. You may want to convert even more of the traditional IRA, so that your total t...
by Kintora
Tue Jan 19, 2021 5:56 pm
Forum: Personal Investments
Topic: Withdrawing from Traditional IRA/401k Tax Free
Replies: 4
Views: 562

Re: Withdrawing from Traditional IRA/401k Tax Free

Excellent! Thanks for your reply.
by Kintora
Tue Jan 19, 2021 3:44 pm
Forum: Personal Investments
Topic: Withdrawing from Traditional IRA/401k Tax Free
Replies: 4
Views: 562

Withdrawing from Traditional IRA/401k Tax Free

Trying to wrap my head around this idea. Hoping this is an easy question for someone. Scenario: Single individual, retired, age 60, not collecting SS until 70, no income other than dividends/interest from taxable account, long term capital gains from sales of shares in taxable account, and withdrawa...
by Kintora
Fri Jan 01, 2021 9:26 pm
Forum: Personal Investments
Topic: Roth IRA and MAGI Question
Replies: 7
Views: 545

Re: Roth IRA and MAGI Question

I have read a few articles on Roth IRA income and contribution limits, but I am still not clear on the following. Hoping someone here can help me to understand. I am single and age 46. I understand that I may contribute up to the annual limit ($6,000) if my MAGI is under a certain amount. My questi...
by Kintora
Fri Jan 01, 2021 8:07 pm
Forum: Personal Investments
Topic: Roth IRA and MAGI Question
Replies: 7
Views: 545

Re: Roth IRA and MAGI Question

I have read a few articles on Roth IRA income and contribution limits, but I am still not clear on the following. Hoping someone here can help me to understand. I am single and age 46. I understand that I may contribute up to the annual limit ($6,000) if my MAGI is under a certain amount. My questi...
by Kintora
Fri Jan 01, 2021 7:39 pm
Forum: Personal Investments
Topic: Roth IRA and MAGI Question
Replies: 7
Views: 545

Re: Roth IRA and MAGI Question

Thank you both for your replies. Appreciate it. Happy New Year! :sharebeer
by Kintora
Fri Jan 01, 2021 7:32 pm
Forum: Personal Investments
Topic: Roth IRA and MAGI Question
Replies: 7
Views: 545

Roth IRA and MAGI Question

I have read a few articles on Roth IRA income and contribution limits, but I am still not clear on the following. Hoping someone here can help me to understand. I am single and age 46. I understand that I may contribute up to the annual limit ($6,000) if my MAGI is under a certain amount. My questio...
by Kintora
Wed Dec 30, 2020 3:13 pm
Forum: Personal Investments
Topic: Best vanguard international fund
Replies: 7
Views: 705

Re: Best vanguard international fund

Thank you all, I'll take a look at those options. With regard to VXUS and other related ETFs, are there any major advantages/disadvantages to purchasing an ETF vs. a comparable mutual fund? How long until you can save up the $3,000 and where is your account held? If you will have the $3,000 soon an...
by Kintora
Wed Dec 30, 2020 2:31 pm
Forum: Personal Investments
Topic: Best vanguard international fund
Replies: 7
Views: 705

Re: Best vanguard international fund

Agree to go with VTIAX but this is splitting hairs. They are both solid choices for your international equity. ERs are the same. Performance/composition very similar. VTIAX does have over twice as many stocks. Whichever one you choose, you can use the other in a taxable account as a tax loss harvest...
by Kintora
Wed Dec 30, 2020 2:16 pm
Forum: Personal Investments
Topic: Order of priority for retirement accounts
Replies: 16
Views: 1354

Re: Order of priority for retirement accounts

I would put Max HSA at #2. Triple tax advantaged (going in, growth, coming out) and most people will have no trouble spending it down in retirement with health care costs being what they are. At 65+, you can also use it like a traditional IRA for non-healthcare purposes (taxed on the way out but no ...
by Kintora
Tue Dec 15, 2020 4:51 pm
Forum: Personal Investments
Topic: Sell taxable investments to fund Roth IRAs? [EITC and CTC]
Replies: 17
Views: 1844

Re: Sell taxable investments to fund Roth IRAs?

I personally would at least sell what it takes from VWILX/VHGEX to max out my Roth IRA each year. If you are already contributing $2,600/year new money to that, then it won't take much. Given your time horizon before retirement (presumably 20-30 years?), I think it is worth taking the short term tax...
by Kintora
Fri Dec 04, 2020 12:16 am
Forum: Personal Investments
Topic: 8% APY with Anchor-Too good to be true?
Replies: 21
Views: 5355

Re: 8% APY with Anchor-Too good to be true?

"Funds in AnchorUSD Interest Accounts are protected by AnchorUSD’s commercial criminal and cyber insurance policies. The policies insure against theft that results from a security breach or hack, employee theft, or fraudulent transfer. Our policy does not cover any losses resulting from unauth...
by Kintora
Fri Dec 04, 2020 12:00 am
Forum: Personal Investments
Topic: 8% APY with Anchor-Too good to be true?
Replies: 21
Views: 5355

Re: 8% APY with Anchor-Too good to be true?

Sounds too good to be true. FDIC insurance is only on your USD balance. To earn "up to 8%" I think your funds need to be in Stablecoin. "Funds in AnchorUSD Interest Accounts are protected by AnchorUSD’s commercial criminal and cyber insurance policies. The policies insure against thef...
by Kintora
Thu Dec 03, 2020 3:06 pm
Forum: Personal Investments
Topic: Starting Taxable Account - How best to structure other holdings for TLH?
Replies: 9
Views: 670

Re: Starting Taxable Account - How best to structure other holdings for TLH?

Just a couple thoughts for your consideration. Disclaimer: I am not an expert. 1. You may want to consider having Vanguard convert your VTSAX/VTIAX holdings to ETFs (VTI/VXUS) before transferring to Fidelity, as Fidelity may charge you fees for the Vanguard mutual fund trades. I would double-check o...
by Kintora
Thu Dec 03, 2020 1:02 pm
Forum: Personal Investments
Topic: When to spend vs invest more?
Replies: 20
Views: 1687

Re: When to spend vs invest more?

When spending, spend on things that will be noticeable everyday. Do you absolutely love your bed? If not, get a new one and some fancy high thread count sheets. Treat yourself to something that you'll appreciate every single day. I really like this. It's a great way to consider what to spend on. So...
by Kintora
Thu Dec 03, 2020 12:49 pm
Forum: Personal Investments
Topic: Voya 401k fund help
Replies: 22
Views: 1188

Re: Voya 401k fund help

OP, I think you already got the direction you need, but I just have to say I am surprised how high those fund costs are being Voya/Vanguard. Does the employer take their own piece of the pie by jacking up costs I wonder? I too use Voya for my 401k and use Vanguard funds within it. The Total Bond is ...
by Kintora
Tue Nov 24, 2020 7:09 pm
Forum: Investing - Theory, News & General
Topic: Withdrawal rate for an early retirement
Replies: 428
Views: 25411

Re: Withdrawal rate for an early retirement

We don't have a dedicated emergency fund and see no need for one. To me an emergency fund is cash wasted away. Correction, our emergency fund is our bond portfolio followed by our equities portfolio. Big ERN has talked about a cash position as a way to guard against SORR. He said that it could sit ...
by Kintora
Tue Nov 24, 2020 4:56 pm
Forum: Investing - Theory, News & General
Topic: Withdrawal rate for an early retirement
Replies: 428
Views: 25411

Re: Withdrawal rate for an early retirement

We don't have a dedicated emergency fund and see no need for one. To me an emergency fund is cash wasted away. Correction, our emergency fund is our bond portfolio followed by our equities portfolio. Big ERN has talked about a cash position as a way to guard against SORR. He said that it could sit ...
by Kintora
Tue Nov 24, 2020 4:32 pm
Forum: Personal Investments
Topic: Portfolio Check and Roth/Trad 401k Question
Replies: 12
Views: 1103

Re: Portfolio Check and Roth/Trad 401k Question

ExitStageLeft wrote: Mon Nov 23, 2020 12:45 pm First off, awesome job having your financial life together at age 30. I was still spending like a drunken sailor at that age.
+1

I wish I had half your financial sense when I was 30.
by Kintora
Tue Nov 24, 2020 4:27 pm
Forum: Personal Investments
Topic: Portfolio Check and Roth/Trad 401k Question
Replies: 12
Views: 1103

Re: Portfolio Check and Roth/Trad 401k Question

I think it is very difficult to estimate whether you will retire at a higher or lower marginal tax rate given how much can change before you retire. I would recommend you contribute to your 401k as pre-tax/traditional, at least up to the employer match, and also contribute to Roth IRA. If you can, m...
by Kintora
Mon Nov 23, 2020 6:43 pm
Forum: Personal Investments
Topic: Recommendations from financial advisor
Replies: 63
Views: 5810

Re: Recommendations from financial advisor

The phrase "high quality strategies" alone would have me running for the hills.

VTI or VTI/VXUS with some fixed income if appropriate for your relative's situation and goals.
by Kintora
Wed Nov 11, 2020 12:29 am
Forum: Personal Investments
Topic: Weighting US Stock vs Intl Stock
Replies: 3
Views: 679

Re: Weighting US Stock vs Intl Stock

Here is my 2 cents from someone relatively new to DIY investing, so take it for whatever that is worth. For equities, I invest in VTSAX and VTIAX. VTIAX is 20% of my equities allocation. I am comfortable with being overweight US for the following reasons. 1. Jack Bogle stated international is not ne...
by Kintora
Sun Nov 01, 2020 5:01 pm
Forum: Personal Investments
Topic: Fidelity HSA
Replies: 33
Views: 4248

Re: Fidelity HSA

having it withheld also avoids FICA taxes on our contributions. That's why many people put it into the company HSA first, and move it to their choice of HSA thereafter. I contribute with after tax dollars to a Fidelity HSA. Do the FICA taxes I pay on that money at least bump up my SS in the future?...
by Kintora
Sun Nov 01, 2020 1:11 pm
Forum: Personal Investments
Topic: Fidelity HSA
Replies: 33
Views: 4248

Re: Fidelity HSA

having it withheld also avoids FICA taxes on our contributions. That's why many people put it into the company HSA first, and move it to their choice of HSA thereafter. I contribute with after tax dollars to a Fidelity HSA. Do the FICA taxes I pay on that money at least bump up my SS in the future?...
by Kintora
Fri Oct 30, 2020 6:30 pm
Forum: Investing - Theory, News & General
Topic: Anybody here trying Coast FIRE?
Replies: 326
Views: 30413

Re: Anybody here trying Coast FIRE?

My son's roommate, after graduating from college and 15 months on a software developer job, just quitted his job, calming it is too much stressful. He plans to find an easy job at McDonald's. If he does this, he will be coasting for quite some time. The worst job I ever had as a teenager. Whenever ...
by Kintora
Fri Oct 30, 2020 4:56 pm
Forum: Investing - Theory, News & General
Topic: Should I max my 401k or HSA?
Replies: 7
Views: 502

Re: Should I max my 401k or HSA?

I personally would do the following. 1. Contribute to 401k up to employer match. 2. Contribute what is needed to max HSA. 3. Max Roth IRA. 4. Max 401k. Traditional vs. Roth for 401k and IRA will depend on your personal situation and analysis of which you consider optimal. Recommend you read the link...
by Kintora
Thu Oct 29, 2020 2:49 am
Forum: Investing - Theory, News & General
Topic: Anybody here trying Coast FIRE?
Replies: 326
Views: 30413

Re: Anybody here trying Coast FIRE?

Kevin Spacey Coast FIRE...

https://youtu.be/TJh5wdvdfVE
by Kintora
Thu Oct 22, 2020 3:41 pm
Forum: Investing - Theory, News & General
Topic: Anybody here trying Coast FIRE?
Replies: 326
Views: 30413

Re: Anybody here trying Coast FIRE?

I heard about "Barista FIRE" for the first time yesterday. I personally would not Coast FIRE, but I do like the idea of possibly going part-time in a low stress job after I have reached my FI number (which for me is 33.33 times expenses or 3% withdrawal rate). I hope to achieve this in abo...
by Kintora
Thu Sep 17, 2020 12:44 pm
Forum: Investing - Theory, News & General
Topic: what percent of retirement should be invested in tax deferred vs tax free accounts?
Replies: 39
Views: 3335

Re: what percent of retirement should be invested in tax deferred vs tax free accounts?

Well, leave it to the excellent minds on this forum to guide me in a hopefully better direction yet again. After reading all the replies so far, I think it would be best for me to switch back to traditional before-tax contributions to my 401k instead of Roth 401k (while still maxing my Roth IRA each...
by Kintora
Thu Sep 17, 2020 10:26 am
Forum: Investing - Theory, News & General
Topic: what percent of retirement should be invested in tax deferred vs tax free accounts?
Replies: 39
Views: 3335

Re: what percent of retirement should be invested in tax deferred vs tax free accounts?

OP, here is my take on it. I am currently in the 22% tax bracket. In retirement, I may be in the 12% tax bracket. However, we do not know what tax brackets will look like in the future. The current 12% bracket could be 15-20%+ when I retire. Or not. We just don't know. I personally feel like they ar...
by Kintora
Thu Sep 10, 2020 2:33 pm
Forum: Personal Investments
Topic: Roth IRA Contribution - At Once or Over Year
Replies: 13
Views: 1187

Re: Roth IRA Contribution - At Once or Over Year

From what I have read, the historical data has shown that it's better approximately 2/3 of the time to lump sum the entire amount up front as opposed to dollar cost averaging over time. That being said, there is an emotional factor as well. If you can't stand the thought of putting in $6k at once an...
by Kintora
Tue Sep 08, 2020 10:46 pm
Forum: Personal Investments
Topic: Rebalancing Question
Replies: 23
Views: 1432

Re: Rebalancing Question

dknightd wrote: Sat Sep 05, 2020 9:55 am I'm not looking to maximize anything but my happiness.
I like to think of my health and happiness as my most valuable assets, and I try to "invest" in those. Without them, the money doesn't mean a whole lot. Thanks for your comments.
by Kintora
Tue Sep 08, 2020 10:38 pm
Forum: Personal Investments
Topic: Rebalancing Question
Replies: 23
Views: 1432

Re: Rebalancing Question

racy wrote: Sat Sep 05, 2020 9:14 am For your reading enjoyment here's a link to several articles on re-balancing from Michael Kitces blog, https://tinyurl.com/y36rsclf
Thanks for posting. I am checking it out.
by Kintora
Tue Sep 08, 2020 10:33 pm
Forum: Personal Investments
Topic: Rebalancing Question
Replies: 23
Views: 1432

Re: Rebalancing Question

Since I do what you are proposing I not only think it's reasonable, I think it's brilliant. :D At 60/40 I only rebalanced once on the downside in March, though I came within a whisker of a second rebalance. I still haven't rebalanced on the upside, though I'm close. I rebalanced in March as well. I...