Search found 513 matches

by Sriracha
Thu Mar 28, 2019 10:51 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax Error Re: Excess 401k Deferral
Replies: 40
Views: 2239

Re: TurboTax Error Re: Excess 401k Deferral

maxim81 wrote:
Wed Mar 27, 2019 3:53 pm
FYI, a fix is planned on being released on 4/5/2019...

https://ttlc.intuit.com/questions/46984 ... ing-e-file

Thanks. Wish they had told me that during any of my many telephone discussions with them on this issue...
by Sriracha
Tue Mar 26, 2019 4:13 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax Error Re: Excess 401k Deferral
Replies: 40
Views: 2239

Re: TurboTax Error Re: Excess 401k Deferral

Wait, so the issue is that the IRS won't let you efile with excess salary deferrals, not that TT can't handle it properly? I've been following all these threads, because DH is also in this boat - changed jobs mid year, went over by $28.70 because of unexpected extra pay. We're still waiting to hear...
by Sriracha
Tue Mar 26, 2019 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax Error Re: Excess 401k Deferral
Replies: 40
Views: 2239

Re: TurboTax Error Re: Excess 401k Deferral

Interesting case study with TurboTax. I am in a similar situation this year (small 401k excess deferral). I'll preface this by saying I am not a tax expert, accountant, or offering advice :D My impression is that as long as you haven't already filed your return, you can list the excess deferral in ...
by Sriracha
Tue Mar 26, 2019 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax Error Re: Excess 401k Deferral
Replies: 40
Views: 2239

Re: TurboTax Error Re: Excess 401k Deferral

This TTax support issue would appear to be simple at first glance. However, if a participant made some combination of pre tax and Roth elective deferrals, the plan provisions can determine how the excess is applied OR the plan could allow the participant to make the choice. Any amount returned with...
by Sriracha
Tue Mar 26, 2019 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: Paid off mortgage!
Replies: 88
Views: 7421

Re: Paid off mortgage!

ohai wrote:
Tue Mar 26, 2019 1:46 pm
Ugh, but now you're no longer able to borrow money for 3.25% (before tax deduction).
We'd likely not even take a mortgage if we bought a place in the new location.
by Sriracha
Tue Mar 26, 2019 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax Error Re: Excess 401k Deferral
Replies: 40
Views: 2239

Re: TurboTax Error Re: Excess 401k Deferral

Alan's post above says W-2 did not need to be corrected by the employer. Yes, I noted that. The employer said it would have amended the W-2 if it had been contact by it's internal deadline, which we missed by 4 days. Of course, we didn't know we had a problem and knew nothing about the deadline unt...
by Sriracha
Tue Mar 26, 2019 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: Paid off mortgage!
Replies: 88
Views: 7421

Re: Paid off mortgage!

I finally paid off my mortgage today! First time in my life that I am completely debt free :) Thanks to everyone on this board who have been a great resource along the way. That's fantastic! Must feel great. We're not close yet, unfortunately. Although we might relocate for work within a year, whic...
by Sriracha
Tue Mar 26, 2019 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax Error Re: Excess 401k Deferral
Replies: 40
Views: 2239

Re: TurboTax Error Re: Excess 401k Deferral

anoop wrote:
Tue Mar 26, 2019 12:52 pm
Thanks for the followup.
Sriracha wrote:
Tue Mar 26, 2019 12:36 pm
Haven't filed by mail in ages.
I, on the other hand, have never efiled.
Maybe next year! :D
by Sriracha
Tue Mar 26, 2019 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax Error Re: Excess 401k Deferral
Replies: 40
Views: 2239

Re: TurboTax Error Re: Excess 401k Deferral

How about a initiating a form W-2 complaint with the IRS? Have you considered filing form 4852 ? I never knew you could initiate the W-2 complaint with the IRS. That might have been a good way to go. I did know about the 4852, but the rep I walked to thought it would be cleaner to go the way I ende...
by Sriracha
Tue Mar 26, 2019 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax Error Re: Excess 401k Deferral
Replies: 40
Views: 2239

Re: TurboTax Error Re: Excess 401k Deferral

Thanks Alan S and HueyLD. I ended up entering the W-2s exactly as they appear. There is a section for entering excess salary deferrals under the "any other earned income" section of the TT interview process so I used that to be sure the $174 was included in 1040 line 1 (TT did not do it automaticall...
by Sriracha
Tue Mar 26, 2019 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax Error Re: Excess 401k Deferral
Replies: 40
Views: 2239

Re: TurboTax Error Re: Excess 401k Deferral

One bump ... hoping for a helping hand. Have you checked with HR if they will be issuing a new W-2. The update W-2 should show the lowered contribution and higher salary. That is the one TT can then work it. You can also try and go to https://groups.google.com/forum/#!forum/misc.taxes.moderated for...
by Sriracha
Sat Mar 23, 2019 11:30 am
Forum: Personal Finance (Not Investing)
Topic: TurboTax Error Re: Excess 401k Deferral
Replies: 40
Views: 2239

Re: TurboTax Error Re: Excess 401k Deferral

One bump ... hoping for a helping hand.
by Sriracha
Fri Mar 22, 2019 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax Error Re: Excess 401k Deferral
Replies: 40
Views: 2239

Re: TurboTax Error Re: Excess 401k Deferral

Are you getting that message as an error or just as a warning? In other words, is TurboTax still letting you proceed? If it is just a warning then you are OK. TT is just letting you know that your entry is out of the norm not that it is “wrong.” And these warnings for unusual entries do not often g...
by Sriracha
Thu Mar 21, 2019 11:30 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax Error Re: Excess 401k Deferral
Replies: 40
Views: 2239

Re: TurboTax Error Re: Excess 401k Deferral

i think you need to make up a 1099R entry for $174 to recapture those dollars back into income in 2018. Then next year, you'll have to report the real 1099R. (yes, taxed twice.) Thanks for the reply, but I don't think I'm on the hook for paying taxes twice on the $174. It's my understanding that th...
by Sriracha
Thu Mar 21, 2019 11:10 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax Error Re: Excess 401k Deferral
Replies: 40
Views: 2239

TurboTax Error Re: Excess 401k Deferral

I've read some excess salary deferral threads here, but don't think this particular question has been asked before. DW worked for two employers last year and had a whopping $174 in Excess 401k Deferrals in 2018. She contacted her employer already about the issue and the excess plus income earned the...
by Sriracha
Tue Feb 26, 2019 7:41 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Issue Re: RSUs & Dividend Equivalents
Replies: 13
Views: 403

Re: Tax Issue Re: RSUs & Dividend Equivalents

And you would ignore the cash amount of the dividend equivalents that came along for the ride when my RSUs were released? Yes as that is W-2 compensation that does not tie back to a stock sale (just like if you held a stock in a taxable account, when you sell it, any dividends paid while you owned ...
by Sriracha
Tue Feb 26, 2019 7:36 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Issue Re: RSUs & Dividend Equivalents
Replies: 13
Views: 403

Re: Tax Issue Re: RSUs & Dividend Equivalents

Just wanted to be sure it had no impact on basis when reported this way since the money only came my way via the RSU release. It's only a coincidence the small cash bonus happened to be paid on the same day the RSUs vested. You didn't use that cash to buy shares. I suppose that's true, but when the...
by Sriracha
Tue Feb 26, 2019 7:20 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Issue Re: RSUs & Dividend Equivalents
Replies: 13
Views: 403

Re: Tax Issue Re: RSUs & Dividend Equivalents

And you would ignore the cash amount of the dividend equivalents that came along for the ride when my RSUs were released? The cash amount is like any cash bonus received on the W-2. It's already taken care of when you entered the W-2. Just wanted to be sure it had no impact on basis when reported t...
by Sriracha
Tue Feb 26, 2019 7:11 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Issue Re: RSUs & Dividend Equivalents
Replies: 13
Views: 403

Re: Tax Issue Re: RSUs & Dividend Equivalents

Would it amount to the same thing if I just keep what I have using the walkthrough, and when TurboTax asks at the end of that segment whether the compensation amount is already in included as income on the W-2, just answer "yes?" Would that end the matter? I don't know. I would just delete that seg...
by Sriracha
Tue Feb 26, 2019 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Issue Re: RSUs & Dividend Equivalents
Replies: 13
Views: 403

Re: Tax Issue Re: RSUs & Dividend Equivalents

OK, tfb. Thanks again for the assist.
by Sriracha
Tue Feb 26, 2019 5:42 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Issue Re: RSUs & Dividend Equivalents
Replies: 13
Views: 403

Re: Tax Issue Re: RSUs & Dividend Equivalents

Thanks TFB. Would it amount to the same thing if I just keep what I have using the walkthrough, and when TurboTax asks at the end of that segment whether the compensation amount is already in included as income on the W-2, just answer "yes?" Would that end the matter? If not, I'll delete the whole s...
by Sriracha
Tue Feb 26, 2019 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Issue Re: RSUs & Dividend Equivalents
Replies: 13
Views: 403

Tax Issue Re: RSUs & Dividend Equivalents

My spouse's employer released some RSUs to her last year. The release confirmation indicates that the total gain is the sum of the market value of the gross shares (before some were sold to cover taxes) plus "dividend equivalents." The dividend equivalents total is small, just a bit over $200, but i...
by Sriracha
Mon Jan 07, 2019 11:16 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe's New Book Makes the List
Replies: 1
Views: 492

Re: Larry Swedroe's New Book Makes the List

Thanks Mel.

I put it on my wish list when I learned it would be coming out this week. Looking forward to reading it.
by Sriracha
Sat Jan 06, 2018 12:01 am
Forum: Investing - Theory, News & General
Topic: Hitting The Sell Button
Replies: 226
Views: 30624

Re: Hitting The Sell Button

Makes me think of a Bill Bernstein interview I read about 4+ years ago where he discusses de-risking when equities are running up gains year after year. http://www.etf.com/sections/features/20562-bill-bernstein-take-risk-off-the-table.html?nopaging=1 I'm "feeling like a dummy" lately! Hope Dr. Bill...
by Sriracha
Fri Jan 05, 2018 2:35 am
Forum: Investing - Theory, News & General
Topic: Hitting The Sell Button
Replies: 226
Views: 30624

Re: Hitting The Sell Button

I don't own bonds. bonds are on their inexorable downward slide No thanks I'd rather hold it in cash Don't know about that "inexorable downward slide." That's been said time and time again over the past several years and really hasn't borne that bitter fruit. Of course, I agree that you can use alt...
by Sriracha
Fri Jan 05, 2018 1:03 am
Forum: Investing - Theory, News & General
Topic: Hitting The Sell Button
Replies: 226
Views: 30624

Re: Hitting The Sell Button

Makes me think of a Bill Bernstein interview I read about 4+ years ago where he discusses de-risking when equities are running up gains year after year. http://www.etf.com/sections/features/20562-bill-bernstein-take-risk-off-the-table.html?nopaging=1 *********** IU: It seems like a typical investor ...
by Sriracha
Wed May 31, 2017 11:32 pm
Forum: Personal Finance (Not Investing)
Topic: Play Money for Spouse....
Replies: 138
Views: 14725

Re: Play Money for Spouse....

We tried separate checking accounts for this sort of thing (at DW's suggestion) within a few years of getting married and found that we didn't really need them. DW and I each get "an allowance" each month to do with what we want. Unspent amounts roll into the next month. I track spending in the bud...
by Sriracha
Sun May 28, 2017 11:43 pm
Forum: Personal Finance (Not Investing)
Topic: Play Money for Spouse....
Replies: 138
Views: 14725

Re: Play Money for Spouse....

We tried separate checking accounts for this sort of thing (at DW's suggestion) within a few years of getting married and found that we didn't really need them. DW and I each get "an allowance" each month to do with what we want. Unspent amounts roll into the next month. I track spending in the budg...
by Sriracha
Mon Jan 02, 2017 12:02 am
Forum: Investing - Theory, News & General
Topic: REGISTRATION FOR THE 2017 BOGLEHEAD CONTEST
Replies: 711
Views: 43032

Re: REGISTRATION FOR THE 2017 BOGLEHEAD CONTEST

2053.01, I'm just certain of it. :-)
by Sriracha
Tue Oct 04, 2016 11:56 pm
Forum: Personal Consumer Issues
Topic: Vitamix Worth It?
Replies: 63
Views: 10593

Re: Vitamix Worth It?

I worked in some high-end restaurant kitchens ages ago, and never saw a blender other than a Vitamix. And, believe, me - those blenders weren't used just once per day. Try 50-100 times per day. When it came time for me to upgrade from a crappy blender around 15 years ago, I had no problem going with...
by Sriracha
Thu Sep 08, 2016 2:02 pm
Forum: Personal Consumer Issues
Topic: Any King Charles Cavalier Spaniel owners here?
Replies: 29
Views: 6297

Re: Any King Charles Cavalier Spaniel owners here?

One of my friends has a KCS. I've spent hours at a time over there and haven't had more than mild allergic reactions even though other breeds cause my pet dander allergies to spike off the charts. As noted by others, above, yes, that little guy requires a LOT of attention from my friend on a daily b...
by Sriracha
Thu Sep 08, 2016 11:57 am
Forum: Investing - Theory, News & General
Topic: "How to Think About Money" A Gem
Replies: 13
Views: 5569

Re: "How to Think About Money" A Gem

Two things: First, thanks Taylor! Second, I need to read more carefully. I skipped over Taylor's underlined heading indicating clearly that the first set of quoted gems come from Bill Bernstein's intro. As I was reading those quotes, I kept thinking, "Wow! Clements sounds an awful lot like Dr. Bill!...
by Sriracha
Thu May 05, 2016 12:13 am
Forum: Investing - Theory, News & General
Topic: How many funds in your portfolio?
Replies: 99
Views: 11947

Re: How many funds in your portfolio?

1. VG Total Stock Market 2. VG Total International 3. VG FTSE All World Ex-US (stopped purchasing shares some years ago when I decided to go with Total Int'l, but kept my shares b/c of gains) 4. VG Small Cap Value 5. VG Total Bond 6. VG S/T TIPS 7. In the 401K, a collective investment trust fund tha...
by Sriracha
Fri Jan 15, 2016 11:34 pm
Forum: Investing - Theory, News & General
Topic: Who's buyin' today?
Replies: 127
Views: 15666

Re: Who's buyin' today?

The smart kids seem to be using ETFs to get the price Right Now. Me, I use mutual funds and settle for the end of day price... That makes sense. A few concerns that I have: 1. I'm not one of the smart kids. 2. With me working full time, I can't stop everything that I'm doing at a given time of the ...
by Sriracha
Sun Jan 10, 2016 10:17 pm
Forum: Personal Consumer Issues
Topic: Tough Frugal Decisions
Replies: 111
Views: 22177

Re: Tough Frugal Decisions

Mods - always love the frugality threads, but should this go in Personal Finance or
Personal Consumer Issues?
by Sriracha
Mon Jan 04, 2016 11:20 am
Forum: Investing - Theory, News & General
Topic: REGISTRATION FOR THE 2016 BOGLEHEAD CONTEST
Replies: 667
Views: 45447

Re: REGISTRATION FOR THE 2016 BOGLEHEAD CONTEST

I was way off with 1804.63 last year. Let's see how it turns out with the same guess this year.
by Sriracha
Tue Jun 30, 2015 11:38 pm
Forum: Investing - Theory, News & General
Topic: Emergdoc on Mr. Money Mustache
Replies: 186
Views: 43068

Re: Emergdoc on Mr. Money Mustache

I've read MMM and WCI, and 90% of the time fall into WCI's camp. Nice blog, Doc.
by Sriracha
Mon Jun 22, 2015 1:39 am
Forum: Investing - Theory, News & General
Topic: Retirees: Did you spend much time wringing your hands over Retirement Savings as Many on Forum Do Today?
Replies: 98
Views: 24713

Re: Retirees: Did you spend much time wringing your hands over Retirement Savings as Many on Forum Do Today?

Nope, didn't agonize. Habitually (rather than obsessively) frugal, ... over saved. Laid off early '08, realized I didn't need the job. Still struggling to get my discretionary spending up enough to meet budget. Figure I'm about a bottle of 16yr Lagavulin (per day) from meeting my spending goals. St...
by Sriracha
Fri May 29, 2015 9:53 pm
Forum: Personal Consumer Issues
Topic: Behavioral finance and restaurants
Replies: 72
Views: 9761

Re: Behavioral finance and restaurants

The quality of local restaurants is almost always a factor for us when traveling for pleasure so the sky's the limit re: miles to get there. When at home, we have loads of great restaurants nearby and so distance doesn't matter in the normal course. We do, though, have one special place that's about...
by Sriracha
Thu May 28, 2015 3:54 pm
Forum: Personal Finance (Not Investing)
Topic: Question about Citi Double Cash Card
Replies: 61
Views: 32200

Re: Question about Citi Double Cash Card

For optimized FICO scoring (this works for most credit profiles), paying off all but one or two cards before the statement drops (= before they report) results in almost all cards reporting a $0 balance. Do let one report, because oddly there can be a ding (again, not for all credit profiles), if e...
by Sriracha
Thu Apr 30, 2015 10:20 am
Forum: Investing - Theory, News & General
Topic: Retirees - What would you have done differently?
Replies: 48
Views: 8726

Re: Retirees - What would you have done differently?

The Warner book is on the older side. It dates back to the early 2000's. The lifestyle advice is pretty timeless, and reflects many of the themes in this thread. The financial advice is sound, but not quite Boglehead quality. It does strongly recommend index funds. The book is worth reading, but I ...
by Sriracha
Wed Apr 29, 2015 9:36 pm
Forum: Investing - Theory, News & General
Topic: Retirees - What would you have done differently?
Replies: 48
Views: 8726

Re: Retirees - What would you have done differently?

I'm reading everything I can about investing and retirement planning, including both Boglehead books, multiple John Bogle books (didn't know he was a twin!), and recently started reading "Get a Life: You don't need a Million to retire well," by Ralph Warner (NOLO publishing). Warner proposes that t...
by Sriracha
Fri Apr 24, 2015 11:04 am
Forum: Investing - Theory, News & General
Topic: Any of you folks pay mortgage with credit card?
Replies: 29
Views: 7889

Re: Any of you folks pay mortgage with credit card?

According to http://creditcardforum.com/blog/pay-mor ... edit-card/, there isn't a good way to reap rewards for making mortgage payments with CCs these days. Whoever had Serve idea above should post a comment there (looks like that article was updated this month, so it's current)!
by Sriracha
Mon Apr 20, 2015 1:18 pm
Forum: Investing - Theory, News & General
Topic: Has anyone changed their asset allocation
Replies: 58
Views: 5520

Re: Has anyone changed their asset allocation

It's a tough investment climate in that bonds are going to certainly return less going forward, yet stocks seemed to be reaching frothy territory. Has anyone here changed their asset allocation due to what seems like a long running and possibly tired bull market. I know no one knows if and when it ...
by Sriracha
Sun Apr 12, 2015 2:00 am
Forum: Personal Finance (Not Investing)
Topic: Household Gross Income Poll
Replies: 134
Views: 20029

Re: Household Gross Income Poll

Wait ... no, "I don't know and I don't care" option in the poll?!

Just kidding; I voted.
by Sriracha
Sat Apr 11, 2015 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: It's Official - We're Done
Replies: 51
Views: 12518

Re: It's Official - We're Done

Fantastic. Cheers. :sharebeer
by Sriracha
Sat Apr 11, 2015 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: Capital One getting out of cash rewards credit cards?
Replies: 12
Views: 4562

Re: Capital One getting out of cash rewards credit cards?

If they just fire Samuel L. Jackson and get somebody cheaper for commercials, they'll be fine. "What's in your wallet?" :wink:
by Sriracha
Sat Apr 11, 2015 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: Another new two comma club member
Replies: 60
Views: 10406

Re: Another new two comma club member

Nice going. Congrats. :moneybag
by Sriracha
Thu Jan 22, 2015 5:02 pm
Forum: Personal Consumer Issues
Topic: What is highest paying cash credit card
Replies: 24
Views: 4624

Re: What is highest paying cash credit card

VictoriaF wrote:Today, I applied for two cards that give 50,000 American Airlines miles, each, after required spending.

Victoria
For once, my crystal ball is clear: I see much travel in your future, Victoria.