Search found 28 matches

by gweezer
Fri Nov 16, 2018 3:09 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 493
Views: 49623

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

Just got an email from Ally with estimated bonus. It looks like it is based on Nov 5 balance MINUS Oct 8 balance (at least it matches those figures for me). So 1% of that difference, rounded up to whole dollars. Can others confirm if this calculation matches for them? Just got my email and I can co...
by gweezer
Thu Oct 18, 2018 2:01 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in Roth IRA: Hitting mutual fund limits at the beginning
Replies: 16
Views: 1332

Re: Investing in Roth IRA: Hitting mutual fund limits at the beginning

How much do you have in after-tax contributions in the 401K? If it's enough to get you to the 10K for Admiral shares roll it in there now and make the purchase. Otherwise do as suggested - put it in investor shares of something and then move to Admiral when you can.
by gweezer
Fri May 25, 2018 12:20 pm
Forum: Investing - Theory, News & General
Topic: US T bills - first time user
Replies: 138
Views: 13477

Re: US T bills - first time user

Thanks very much Kevin. Just to finalize the details of this example…This bond has 1.5 coupon and matures on 5/31/2019. OK, I see this. I see price 99.230 for minimum quantity 25, so as of now, you can't get this price for 10. I enter a trial order for 25, and I see on the preview screen that accru...
by gweezer
Thu May 24, 2018 3:45 pm
Forum: Investing - Theory, News & General
Topic: US T bills - first time user
Replies: 138
Views: 13477

Re: US T bills - first time user

Thanks very much Kevin. Just to finalize the details of this example…This bond has 1.5 coupon and matures on 5/31/2019. Further info on the bond says that the next coupon is 5/30/2018 and last coupon is 11/30/2018. If I execute this order I pay $9,995.53 out now. On 5/30/2018 I will get back the $72...
by gweezer
Thu May 24, 2018 1:33 pm
Forum: Investing - Theory, News & General
Topic: US T bills - first time user
Replies: 138
Views: 13477

Re: US T bills - first time user

Finally, as already mentioned, you need to click the depth of book icon to find yields for the quantity you are interested in. So first pick maturity of interest, then click depth of book, then find highest yield with minimum quantity less than or equal to how many you want to buy. You can then cli...
by gweezer
Thu May 24, 2018 11:08 am
Forum: Investing - Theory, News & General
Topic: US T bills - first time user
Replies: 138
Views: 13477

Re: US T bills - first time user

What wouldn't you just pick the first bond in the list, the one with the highest YTM?
by gweezer
Wed May 02, 2018 11:24 am
Forum: Investing - Theory, News & General
Topic: 401k Stable Value Fund Rates?
Replies: 35
Views: 3277

Re: 401k Stable Value Fund Rates?

Mine is in a megacorp plan as well:


YTD (Daily)* +0.99%

1 Yr. +3.02%

3 Yrs. +3.04%

5 Yrs +2.94%

10 Yrs. +3.30%

ER 0.36%
by gweezer
Mon Feb 19, 2018 1:53 pm
Forum: Investing - Help with Personal Investments
Topic: Tapping 401(k) Assets Prior to Age 59 1/2
Replies: 12
Views: 1274

Re: Tapping 401(k) Assets Prior to Age 59 1/2

There is also the Rule of 55 where you can withdraw from the 401k without penalty if you separate from that employer after the age of 55. Here is the IRS Page . The following additional exceptions apply only to distributions from a qualified retirement plan other than an IRA: Distributions made to ...
by gweezer
Fri May 26, 2017 12:29 pm
Forum: Investing - Help with Personal Investments
Topic: How to calculate the top of the 15% bracket?
Replies: 23
Views: 2987

Re: How to calculate the top of the 15% bracket?

Thanks for the replies. My significant other will be doing this first, retiring at the end of this year. I will continue working and support the household and she will not work at all so she will have $0 income for 2018...at least that's the plan. Since her income will be zero, she can convert the ...
by gweezer
Fri May 26, 2017 12:20 pm
Forum: Investing - Help with Personal Investments
Topic: How to calculate the top of the 15% bracket?
Replies: 23
Views: 2987

Re: How to calculate the top of the 15% bracket?

Not sure I follow the "count against the 15% limit" part? I haven't researched the whole process yet, but I thought she would just write a check (from cash we already have on hand) for whatever the tax ends up being on the actual amount converted and send it in to the IRS...is that not the case? Th...
by gweezer
Thu May 25, 2017 10:24 pm
Forum: Investing - Help with Personal Investments
Topic: How to calculate the top of the 15% bracket?
Replies: 23
Views: 2987

Re: How to calculate the top of the 15% bracket?

Also, remember that she needs to pay taxes on the conversion, so that money needs to come from somewhere and will count against the 15% limit. Not sure I follow the "count against the 15% limit" part? I haven't researched the whole process yet, but I thought she would just write a check (from cash ...
by gweezer
Thu May 25, 2017 6:46 pm
Forum: Investing - Help with Personal Investments
Topic: How to calculate the top of the 15% bracket?
Replies: 23
Views: 2987

Re: How to calculate the top of the 15% bracket?

We are not married, which is why her income for 2018 will be $0 if things play out as we have planned and she can convert the whole 15% tax bracket amount.
by gweezer
Thu May 25, 2017 3:23 pm
Forum: Investing - Help with Personal Investments
Topic: How to calculate the top of the 15% bracket?
Replies: 23
Views: 2987

Re: How to calculate the top of the 15% bracket?

Thanks for the replies. My significant other will be doing this first, retiring at the end of this year. I will continue working and support the household and she will not work at all so she will have $0 income for 2018...at least that's the plan. Since her income will be zero, she can convert the e...
by gweezer
Thu May 25, 2017 2:45 pm
Forum: Investing - Help with Personal Investments
Topic: How to calculate the top of the 15% bracket?
Replies: 23
Views: 2987

Re: How to calculate the top of the 15% bracket?

Umm...I have to pay more tax? This was the start of the planning for how much to convert from a 401K to a Roth during retirement. I've read numerous places that one strategy is "convert to the top of the 15% bracket". I wasn't quite sure where the top was, so I'm trying to figure that out.
by gweezer
Thu May 25, 2017 2:33 pm
Forum: Investing - Help with Personal Investments
Topic: How to calculate the top of the 15% bracket?
Replies: 23
Views: 2987

How to calculate the top of the 15% bracket?

What are the steps to figure this out for a single filer? Do I just use TaxCaster and input my personal info and then try various amounts of income until I get the tax liability as close as possible to $5,226.25 without exceeding? A quick pass at that gave $48,145 resulting in $5,215 tax owed. Or do...
by gweezer
Tue May 16, 2017 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3113
Views: 605464

Re: What's Your Credit Card Rewards Strategy?

So the offers more often show up when you log in, than in your email? Just trying to figure out how I should best look for them. I never got an email for the upgrade and don't remember ever getting an email on other offers. Each of the offers I mentioned above I found by looking on my AMEX account ...
by gweezer
Thu Jan 19, 2017 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3113
Views: 605464

Re: What's Your Credit Card Rewards Strategy?

ResearchMed, I am not "BeneIRA", but I think he meant that the sign up bonus will "now" be decreased to 50K. In the link attached, there are quotes from the Chase executive Pam Codispoti (hope I got the spelling right), indicating that the 100K UR points bonus offer ends on Jan-11 for on-line, and ...
by gweezer
Wed Mar 09, 2016 12:42 pm
Forum: Personal Finance (Not Investing)
Topic: Sale of inherited house at a loss
Replies: 8
Views: 1039

Re: Sale of inherited house at a loss

Thanks for the quick replies! We do have an EIN and an estate bank account. The EIN is listed on the 1099-S as the Filer's fed ID number. There were some stock shares that were sold as part of the estate but the rest was just bank accounts that were simply split up. That all happened in 2012. And we...
by gweezer
Wed Mar 09, 2016 10:26 am
Forum: Personal Finance (Not Investing)
Topic: Sale of inherited house at a loss
Replies: 8
Views: 1039

Sale of inherited house at a loss

My siblings and I (3 of us total) inherited the family home in Feb, 2012 when my Mother passed. We then had an appraisal done shortly afterwards. We finally sold it in April 2015 for many thousands of dollars less than the appraised value. Can we claim this as a loss for tax purposes? This was handl...
by gweezer
Thu Feb 02, 2012 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: Deceased parent financial cleanup
Replies: 14
Views: 2143

Re: Deceased parent financial cleanup

Thanks for the replies. I will at least look into the name change on the account. There are 2 main reasons for doing nothing with the account: 1. Mom doesn't need the the cash value of the stocks since she has other assets and income streams that cover her needs. Why generate whatever tax hit just ...
by gweezer
Thu Feb 02, 2012 10:49 am
Forum: Personal Finance (Not Investing)
Topic: Deceased parent financial cleanup
Replies: 14
Views: 2143

Re: Deceased parent financial cleanup

Thanks for the replies. I will at least look into the name change on the account. There are 2 main reasons for doing nothing with the account: 1. Mom doesn't need the the cash value of the stocks since she has other assets and income streams that cover her needs. Why generate whatever tax hit just t...
by gweezer
Wed Feb 01, 2012 11:04 am
Forum: Personal Finance (Not Investing)
Topic: Deceased parent financial cleanup
Replies: 14
Views: 2143

Deceased parent financial cleanup

Hi All We have been helping my mother clean up/consolidate her finances after my father passed away and we have come across a company stock plan my father had been enrolled in. It's a Computershare account and the statements are registered to "Dad's name & Mom's name JT TEN". I believe the JT TEN pa...
by gweezer
Wed Dec 16, 2009 5:12 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review and Strategy Questions
Replies: 14
Views: 2826

Thanks very much Taylor and Laura....this is indeed what I was looking for. Just need to get the changes implemented now!
by gweezer
Mon Dec 14, 2009 3:37 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review and Strategy Questions
Replies: 14
Views: 2826

Thanks Laura. Here's the requested info: New contributions $29000 his 401k (max + matching + 5.5K catchup) $31300 her 401k (max + matching + 5.5K catchup) $25000 taxable $xx his roth $xx her roth or non-deductible IRA Not sure about the Roth's, and hopefully the answer is part of this process. I've ...
by gweezer
Sat Dec 12, 2009 10:54 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review and Strategy Questions
Replies: 14
Views: 2826

Hi All - sorry for the delay. I've followed the latest suggestions and removed the car loan payoff amounts and the portion earmarked for short term usage from the cash percentage. The portfolio breakdown now contains only assets used for long term goals.

Thanks......gweezer
by gweezer
Thu Dec 10, 2009 12:44 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review and Strategy Questions
Replies: 14
Views: 2826

Thanks for the reply Laura. The simple answer is that's the way we always did it...put some money down, finance the rest and then make the monthly payments. But, that will change as part of the new mindset. I have now updated my original post with the proper percentage breakdown of the entire portfo...
by gweezer
Wed Dec 09, 2009 5:31 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review and Strategy Questions
Replies: 14
Views: 2826

Thanks Taylor....good to be here. I kept them separate just because they are 401(k)'s and can't actually be combined or withdrawn so I thought it would be better to make an AA based on that fact. And the cash/CD's amount will probably be split 50/50, with half kept liquid for purchase/home improveme...
by gweezer
Wed Dec 09, 2009 12:20 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review and Strategy Questions
Replies: 14
Views: 2826

Portfolio Review and Strategy Questions

Hello All - New member here and I've already enjoyed reading many posts. We've reached that point in our investing life where risk aversion is becoming more important. I've been reading about the Boglehead ideas and we've decided that it's the way we want to go. I'm about halfway through the Guide T...