Search found 3290 matches

by neurosphere
Tue Nov 12, 2019 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: Student Loan Refinance Suggestions
Replies: 13
Views: 953

Re: Student Loan Refinance Suggestions

If your loans are Dept of Ed, I would suggest not refinancing. The hardship options available from the government trump any interest savings. Just pay more than the 10 year plan towards the highest interest rate ones and they'll be gone eventually. That's good advice in general, and I agree that fe...
by neurosphere
Tue Nov 12, 2019 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Will I be audited?
Replies: 51
Views: 4211

Re: Will I be audited?

Does this mean I need to add my taxpayer ID# to a check that I write to my local church? If the church doesn't file a form 990 then the IRS likely has no idea how much the church takes in the form of donations. Churches are usually exempt from filing 990s. 990 forms do not ask for SS. Only names an...
by neurosphere
Mon Nov 11, 2019 7:01 pm
Forum: Personal Finance (Not Investing)
Topic: Will I be audited?
Replies: 51
Views: 4211

Re: Will I be audited?

Rus In Urbe wrote: ↑Mon Nov 11, 2019 12:36 pm The IRS gets reports from a Vanguard, sees the money through transfers Goal33 What kind of report is the IRS getting from Vanguard? Is there an actual form? What kind of question is this? Um, Vanguard Charitable is kinda too busy to let me in on how it ...
by neurosphere
Mon Nov 11, 2019 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: Will I be audited?
Replies: 51
Views: 4211

Re: Will I be audited?

Audit rate, not absolute count, is the relevant metric. Audit rates for individual returns are highest for the rich & complex returns... [1] https://www.irs.gov/pub/irs-soi/18db09aex.xls THANK YOU for this link. I had no idea such detailed data was available. Edit: Am I reading line 16 correctly? T...
by neurosphere
Mon Nov 11, 2019 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: Excess after tax 401K contributions - Need help with the next steps
Replies: 4
Views: 292

Re: Excess after tax 401K contributions - Need help with the next steps

Do it now. Nothing gets better by waiting until next June and you won't have to continue thinking about it. They will tell you what happens with the earnings on excess contribution after you make the withdrawal request. Cheers I agree with this. If you are worried about earnings which might otherwi...
by neurosphere
Sun Nov 10, 2019 8:14 pm
Forum: Investing - Theory, News & General
Topic: Boglehead Podcasts: Volunteers needed to convert the audio into text
Replies: 14
Views: 1311

Re: Boglehead Podcasts: Volunteers needed to convert the audio into text

Barry Barnitz wrote:
Sun Nov 10, 2019 6:22 pm
Hi:

Here is a first go at a transcription of Episode 004 with Christine Benz.
Done! Ready to publish.
by neurosphere
Sun Nov 10, 2019 7:17 pm
Forum: Investing - Theory, News & General
Topic: Boglehead Podcasts: Volunteers needed to convert the audio into text
Replies: 14
Views: 1311

Re: Boglehead Podcasts: Volunteers needed to convert the audio into text

Barry Barnitz wrote:
Sun Nov 10, 2019 6:22 pm
Hi:

Here is a first go at a transcription of Episode 004 with Christine Benz.
Working on this now.
by neurosphere
Sun Nov 10, 2019 10:30 am
Forum: Investing - Theory, News & General
Topic: Boglehead Podcasts: Volunteers needed to convert the audio into text
Replies: 14
Views: 1311

Re: Boglehead Podcasts: Volunteers needed to convert the audio into text

Here is Episode 011 with Mel Lindauer. There are segments around the ten to thirteen minute mark, that need transcription, and speaker attribution around the thirty to thirty three minute mark needs affirmation. Audio verification is also required. Thanks Barry. I just went through the entire text ...
by neurosphere
Sat Nov 09, 2019 3:46 pm
Forum: Personal Investments
Topic: Should I use my 457(b)? Worried about disbursement options...
Replies: 32
Views: 1336

Re: Should I use my 457(b)? Worried about disbursement options...

This sounds like a better argument for using a Roth 401k/403b instead of traditional for the hypothetical couple facing the tax bomb at 70 than forgoing the 457b in favor of a taxable brokerage account. A combination of Roth 401k and pre-tax 457b (after maxing out 401k) is yet another consideration...
by neurosphere
Sat Nov 09, 2019 3:39 pm
Forum: Personal Investments
Topic: Should I continue to contribute to my terrible Nationwide 457(b) or just invest in taxable?
Replies: 4
Views: 509

Re: Should I continue to contribute to my terrible Nationwide 457(b) or just invest in taxable?

A governmental 457b can essentially be considered similar to a 401k*, so the decision making is similar. Start by reading this in the wiki: https://www.bogleheads.org/wiki/401%28k%29#Expensive_or_mediocre_choices A reasonable rule-of-thumb is to consider investing in a taxable account if the product...
by neurosphere
Sat Nov 09, 2019 3:25 pm
Forum: Personal Investments
Topic: Should I use my 457(b)? Worried about disbursement options...
Replies: 32
Views: 1336

Re: Should I use my 457(b)? Worried about disbursement options...

Worst possible situation would be a couple who start saving young, each saving in both a 403b and a 457b, expecting a pension or even two, and not retiring early. These people will almost certainly experience a "tax torpedo" in their 70's. Best situation would be a couple that start savings at 35 o...
by neurosphere
Sat Nov 09, 2019 3:04 pm
Forum: Personal Investments
Topic: Should I use my 457(b)? Worried about disbursement options...
Replies: 32
Views: 1336

Re: Should I use my 457(b)? Worried about disbursement options...

They're also a bit vague about what happens if you defer disbursement to a later date. I'm not sure if you need to take a lump sum if you defer, or if you can do fixed payments after deferring.... I'll also ask whether the decision about disbursement is irrevocable. If I make a decision, but then m...
by neurosphere
Sat Nov 09, 2019 2:01 pm
Forum: Personal Investments
Topic: Should I use my 457(b)? Worried about disbursement options...
Replies: 32
Views: 1336

Re: Should I use my 457(b)? Worried about disbursement options...

Maybe I am misunderstanding the first question. I would think that your contributions are held in a trust fund and should not be impacted by what happens to the employer. His is a non-governmental (i.e. tax-exempt) 457b and these do not enjoy the protections that governmental plans have. The assets...
by neurosphere
Fri Nov 08, 2019 11:26 am
Forum: Personal Investments
Topic: I'd like to buy individual bonds, bills, CDs, etc. simply as a learning experience
Replies: 12
Views: 732

Re: I'd like to buy individual bonds, bills, CDs, etc. simply as a learning experience

I wonder how good Vanguard's tax reporting is for individual fixed income securities. It would be nice if someone with VBS and individual bonds can provide some insight on how good or bad Vanguard's tax reporting is. That's a great question. I have heard that Fidelity's tax-reporting for fixed inco...
by neurosphere
Fri Nov 08, 2019 10:44 am
Forum: Personal Investments
Topic: I'd like to buy individual bonds, bills, CDs, etc. simply as a learning experience
Replies: 12
Views: 732

Re: I'd like to buy individual bonds, bills, CDs, etc. simply as a learning experience

I just found Vanguards commission schedule: https://investor.vanguard.com/investing/transaction-fees-commissions/cds-bonds Treasuries are commission free and they don't list a minimum. I can buy these at TD as well for no fee and $100 minimum. Otherwise, it seems non-muni new issues have a minimum o...
by neurosphere
Fri Nov 08, 2019 10:33 am
Forum: Personal Investments
Topic: I'd like to buy individual bonds, bills, CDs, etc. simply as a learning experience
Replies: 12
Views: 732

Re: I'd like to buy individual bonds, bills, CDs, etc. simply as a learning experience

The CD rates at all the brokerages seem non-competitive from what can be earned at online banks. As for muni's I hear there is a mark-up and the market is not really as liquid so I only use Mutual funds (Vanguard Interm Muni) and ETFs (VTEB, MUB). I'm not worried about non-competitive CD rates. I'm...
by neurosphere
Fri Nov 08, 2019 10:21 am
Forum: Personal Investments
Topic: I'd like to buy individual bonds, bills, CDs, etc. simply as a learning experience
Replies: 12
Views: 732

Re: I'd like to buy individual bonds, bills, CDs, etc. simply as a learning experience

For bonds, I agree, it could be interesting to play around with it. However, it might make more sense to do in a tax advantaged account. Treasuries, it says, are usually in $1000 denominations, munis in $5000 denominations. I don't mind paying a little tax. I have an existing taxable brokerage acco...
by neurosphere
Fri Nov 08, 2019 8:55 am
Forum: Personal Investments
Topic: I'd like to buy individual bonds, bills, CDs, etc. simply as a learning experience
Replies: 12
Views: 732

I'd like to buy individual bonds, bills, CDs, etc. simply as a learning experience

Upfront summary: I have two questions, the reasons for which I explain below : 1) What are the minimum face values for individual bonds of various kinds I can buy in my Vanguard brokerage accounts, to do so simply for learning (and not investing) purposes? 2) Would the total fees might I expect (e.g...
by neurosphere
Fri Nov 08, 2019 8:29 am
Forum: Personal Investments
Topic: Question about the 5 Year Rule for Roths
Replies: 14
Views: 1829

Re: Question about the 5 Year Rule for Roths

Roth contributions are Roth contributions, regardless of the number of times you roll them around to different custodians. Just keep your 1099-R forms to substantiate the aggregate contribution amount. Aren't contributions reported on a 5498, and distributions/withdrawals on a 1099-R? I wish I had ...
by neurosphere
Thu Nov 07, 2019 8:35 am
Forum: Personal Investments
Topic: Backdoor Roth left a few dollars in traditional IRA does this cause pro rata??
Replies: 15
Views: 786

Re: Backdoor Roth left a few dollars in traditional IRA does this cause pro rata??

I'm curious, and pretty sure I know the answer but.. What if one has multiple contributions and conversion events in the same calendar year at the same custodian. For example, they contribute $1000 at a time 6 times, and convert each time prior to the next contribution. I assume they'll just provide...
by neurosphere
Wed Nov 06, 2019 8:44 pm
Forum: Investing - Theory, News & General
Topic: Boglehead on Investing Podcast, partial transcription of Episode 1 with John C. Bogle
Replies: 36
Views: 2352

Re: Boglehead on Investing Podcast, partial transcription of Episode 1 with John C. Bogle

I've now put episode 9 into the raw transcriptions folder with the others still needing human editing. I did the human editing for the introductory section. So you the one who keeps putting two spaces after each period, which I then remove. :D btw, I think we should move this discussion to here: ht...
by neurosphere
Wed Nov 06, 2019 7:19 pm
Forum: Investing - Theory, News & General
Topic: 2020 IRS Limits Announced for 401(k)'s etc.
Replies: 27
Views: 4177

Re: 2020 IRS Limits Announced for 401(k)'s etc.

I’m confused. Including the catch-up contribution, what’s the max I can put into my solo 401k for 2020, for employee and employer contributions combined? $63,000? The limitation for defined contribution plans under § 415(c)(1)(A) is increased in 2020 from $56,000 to $57,000. Catch-up contributions ...
by neurosphere
Wed Nov 06, 2019 7:11 pm
Forum: Investing - Theory, News & General
Topic: Boglehead on Investing Podcast, partial transcription of Episode 1 with John C. Bogle
Replies: 36
Views: 2352

Re: Boglehead on Investing Podcast, partial transcription of Episode 1 with John C. Bogle

I've now put episode 9 into the raw transcriptions folder with the others still needing human editing. I did the human editing for the introductory section. So you the one who keeps putting two spaces after each period, which I then remove. :D btw, I think we should move this discussion to here: ht...
by neurosphere
Wed Nov 06, 2019 7:06 pm
Forum: Investing - Theory, News & General
Topic: 2020 IRS Limits Announced for 401(k)'s etc.
Replies: 27
Views: 4177

Re: 2020 IRS Limits Announced for 401(k)'s etc.

It can only go up in $500 increments so it takes much longer for the small IRA limits to go up $500 when multiplied by the COLA vs. the larger 401k limits. What's interesting is that, assuming we get 1 to 3% inflation consistently for several years, we'll soon get to the point where they'll be a ne...
by neurosphere
Wed Nov 06, 2019 5:57 pm
Forum: Investing - Theory, News & General
Topic: 2020 IRS Limits Announced for 401(k)'s etc.
Replies: 27
Views: 4177

401k/403b/etc limits increasing

[Topic merged here- Moderator Misenplace] 2020 updates to various retirement plan limits and other inflation-dependent values have been officially released by the IRS: https://www.irs.gov/newsroom/401k-contribution-limit-increases-to-19500-for-2020-catch-up-limit-rises-to-6500 The contribution limi...
by neurosphere
Wed Nov 06, 2019 3:42 pm
Forum: Investing - Theory, News & General
Topic: Why ever buy & hold a LT treasury?
Replies: 60
Views: 2917

Re: Why ever buy & hold a LT treasury?

I just don't get it. You should just grab that money that was gonna get used for buying and holding until maturity that LT bond and put it into stocks instead and you're far far far more likely to end up with more money at the end. Ask the question a different way. Why would anyone own any kind of ...
by neurosphere
Wed Nov 06, 2019 12:23 pm
Forum: Investing - Theory, News & General
Topic: Boglehead Podcasts: Volunteers needed to convert the audio into text
Replies: 14
Views: 1311

Boglehead Podcasts: Volunteers needed to convert the audio into text

Hi all, there is an effort underway to get wonderful podcasts that the John C. Center for Financial Literacy, Bogleheads, and Rick Ferri have and continue to create available in text versions. You can browse this thread for some prior discussions on this issue. 3 episodes have been completed in a jo...
by neurosphere
Wed Nov 06, 2019 12:03 pm
Forum: Investing - Theory, News & General
Topic: Boglehead on Investing Podcast, partial transcription of Episode 1 with John C. Bogle
Replies: 36
Views: 2352

Re: Boglehead on Investing Podcast, partial transcription of Episode 1 with John C. Bogle

Barry Barnitz wrote:
Wed Nov 06, 2019 11:41 am
I think I have the first couple of minutes of Episode 2 transcribed accurately.
I just verified that the written text you pasted matches the spoken words without any errors.
by neurosphere
Wed Nov 06, 2019 9:57 am
Forum: Investing - Theory, News & General
Topic: Boglehead on Investing Podcast, partial transcription of Episode 1 with John C. Bogle
Replies: 36
Views: 2352

Re: Boglehead on Investing Podcast, partial transcription of Episode 1 with John C. Bogle

Has anyone tried otter.ai to do this? To my knowledge, no one. As I see there's a free 600 minutes of transcription per month, and since the podcasts are all around 60 minutes, otter may be a viable option, particularly if it does better than google/youtube. Pondering, do you have an otter.ai accou...
by neurosphere
Tue Nov 05, 2019 7:15 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes on Bonus
Replies: 27
Views: 3052

Re: Taxes on Bonus

So I just went back and double-checked the bonus I got this year and the year before (under Trump tax changes) and I was off on what I said before. I could have sworn that I had noted a big difference where I had a lot *less* tax withheld from my bonuses, but I actually had about 33% withheld. Now,...
by neurosphere
Tue Nov 05, 2019 6:32 pm
Forum: Investing - Theory, News & General
Topic: Boglehead on Investing Podcast, partial transcription of Episode 1 with John C. Bogle
Replies: 36
Views: 2352

Re: Boglehead on Investing Podcast, partial transcription of Episode 1 with John C. Bogle

Hi: I do not have audio. Thus I need written text. wondering what you think the most efficient approach is. E.g. 1) machine translation, then 2) clean up and format by a human without audio based on machine text (which it seems you are willing to do), followed by 3) human with audio for final edit?...
by neurosphere
Tue Nov 05, 2019 6:01 pm
Forum: Investing - Theory, News & General
Topic: Boglehead on Investing Podcast, partial transcription of Episode 1 with John C. Bogle
Replies: 36
Views: 2352

Re: Boglehead on Investing Podcast, partial transcription of Episode 1 with John C. Bogle

Hi: Are there any more transcripts ready for editing? Depending on what you mean by "ready for editing".... Machine transcriptions are here: https://drive.google.com/drive/folders/17yepyT-gYaeKTSIf67TBpBiuE1X1zaFn?usp=sharing, in the "raw" folder. In a perfect world, someone would listen to a segme...
by neurosphere
Mon Nov 04, 2019 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella and long term disability insurance
Replies: 9
Views: 665

Re: Umbrella and long term disability insurance

uberdoc wrote:
Mon Nov 04, 2019 4:46 pm
No trampoline..no teenagers. I think its just the Brooklyn. I will reduce it to $1 million for now and move to suburbs asap.
I pay $333 annually for 2 million in manhattan. Geico. It was actually recently reduced from $500 annually.
by neurosphere
Mon Nov 04, 2019 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella policy with no car insurance
Replies: 18
Views: 1193

Re: Umbrella policy with no car insurance

I don't have a car, and needed a non-owners policy in order to get Umbrella. In my case, I rent cars several times a year, so the car insurance + umbrella policies allow me to decline the rental company's liability coverage. I also am with Geico. In NY, my non-owner's policy is about $250/year, off ...
by neurosphere
Mon Nov 04, 2019 11:40 am
Forum: Personal Investments
Topic: HDHP/HSA vs. PPO - Second Opinion
Replies: 18
Views: 1142

Re: HDHP/HSA vs. PPO - Second Opinion

In between is where it gets a little more challenging but if I can go a year or two without using much, that can hopefully cover the worst expense years. But wait, then isn't the "in between" the worst case? Meaning, craft a spending scenario that costs you the most if you choose incorrectly. How m...
by neurosphere
Sun Nov 03, 2019 6:36 pm
Forum: Personal Investments
Topic: HDHP/HSA vs. PPO - Second Opinion
Replies: 18
Views: 1142

Re: HDHP/HSA vs. PPO - Second Opinion

In between is where it gets a little more challenging but if I can go a year or two without using much, that can hopefully cover the worst expense years. But wait, then isn't the "in between" the worst case? Meaning, craft a spending scenario that costs you the most if you choose incorrectly. How m...
by neurosphere
Sun Nov 03, 2019 6:03 pm
Forum: Investing - Theory, News & General
Topic: When DID the stock market recover from 1929?
Replies: 52
Views: 5137

Re: When DID the stock market recover from 1929?

You may have included it but be sure to include dividend reinvestments. When you do the recovery happens much faster. Curious, were there fees/friction on dividend reinvestments at that time? What were commissions on common stock at that time? Did that apply to dividends? I can only assume that inv...
by neurosphere
Sun Nov 03, 2019 6:01 pm
Forum: Investing - Theory, News & General
Topic: When DID the stock market recover from 1929?
Replies: 52
Views: 5137

Re: When DID the stock market recover from 1929?

I think if I had been alive in 1929 I would have DCA'd throughout the downturn. :wink: When would I have broken even in that case? :wink: But wait, I might have lost my job and my house and not have had anything to invest. If fact, I may have had to cash out at the bottom to feed myself. Hmm. Retros...
by neurosphere
Sun Nov 03, 2019 5:49 pm
Forum: Personal Investments
Topic: HDHP/HSA vs. PPO - Second Opinion
Replies: 18
Views: 1142

Re: HDHP/HSA vs. PPO - Second Opinion

I only skimmed a fraction of this thread, so forgive me if has already been stated. When doing HSA eligible insurance vs not, I tell people to do worst and best case scenario assumptions. E.g. if you choose the HSA plan, what's the most you could save in a calendar year compared to the traditional h...
by neurosphere
Sun Nov 03, 2019 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: Downloadable Social Security Benefit Estimator (2019 Update)
Replies: 81
Views: 9621

Re: Downloadable Social Security Benefit Estimator (2019 Update)

That's not completely true. Yours does have more options, but the toolbox also allows "Alternative II (i.e., intermediate) wage increase estimates" and shows a chart with a single curve having the two bend points and a diamond indicating where on that curve the case calculation falls. The purpose o...
by neurosphere
Sun Nov 03, 2019 8:38 am
Forum: Personal Finance (Not Investing)
Topic: Taxes on Bonus
Replies: 27
Views: 3052

Re: Taxes on Bonus

OMG, stumbled across this link from turbo tax While bonuses are subject to income taxes, they don't simply get added to your income and taxed at your top marginal tax rate. Instead, your bonus counts as supplemental income and is subject to federal withholding at a 22% flat rate. Seriously turbo tax...
by neurosphere
Sun Nov 03, 2019 8:26 am
Forum: Personal Finance (Not Investing)
Topic: Taxes on Bonus
Replies: 27
Views: 3052

Re: Taxes on Bonus

My experience this year is that bonuses were withheld at 22% which is actually not enough I guess it depends on one's marginal tax rate, whether 22% is enough or too much. btw, I thought employers had the choice to withhold 22% OR simply treat the bonus as any other payroll and follow the W4 withho...
by neurosphere
Sat Nov 02, 2019 7:06 pm
Forum: Personal Finance (Not Investing)
Topic: Downloadable Social Security Benefit Estimator (2019 Update)
Replies: 81
Views: 9621

Re: Downloadable Social Security Benefit Estimator (2019 Update)

All of the current SS calculators assume NO wage and NO price inflation. ... I don't know of any other calculator which has that feature (apart from anypia). That's not completely true. Yours does have more options, but the toolbox also allows "Alternative II (i.e., intermediate) wage increase esti...
by neurosphere
Sat Nov 02, 2019 5:51 pm
Forum: Personal Finance (Not Investing)
Topic: Downloadable Social Security Benefit Estimator (2019 Update)
Replies: 81
Views: 9621

Re: Downloadable Social Security Benefit Estimator (2019 Update)

My dream would be for a simple spreadsheet similar to the one I've built for Canadians... Agreed! A simple calculator would be great. But doesn't the toolbox version or any of the SS online calculators already fit that purpose? Maybe there are some bogleheads with much better spreadsheet skills tha...
by neurosphere
Sat Nov 02, 2019 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: Downloadable Social Security Benefit Estimator (2019 Update)
Replies: 81
Views: 9621

Re: Downloadable Social Security Benefit Estimator (2019 Update)

All the calculations in the toolbox spreadsheet are exposed, but in the other two tools (I think) some calculations are hidden. From what I could tell, the toolbox calculations follow the SSA formulas, but deciphering Excel formulas, even when visible, is not always easy. ;) I sometimes can't decip...
by neurosphere
Sat Nov 02, 2019 5:16 pm
Forum: Personal Finance (Not Investing)
Topic: Downloadable Social Security Benefit Estimator (2019 Update)
Replies: 81
Views: 9621

Re: Downloadable Social Security Benefit Estimator (2019 Update)

This is an annoying discrepancy. Is the difference big? What does the toolbox project, in 2019 dollars? With the salary history you used I get $1992 when the recent 1.6% COLA is not included. (added that to the earlier post, probably while you were typing yours ;)) Thanks. That's $8 or 0.4% short o...
by neurosphere
Sat Nov 02, 2019 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: Email agreement differs from contract. Help with dispute in NY
Replies: 30
Views: 1688

Re: Email agreement differs from contract. Help with dispute in NY

That said, if they're trying to pull this stuff on you now, when you're at your point of maximum leverage... won't they try to pull similar stunts after you've started? At that point you'll have a lot less leverage. What will you do in that situation? Yes, I fully expect they will pull similar stun...