Hi,
Most individual tax software either doesn't support a form I need, and those that do have issues with it. I was interested to see if there was any reasonably priced professional tax software (which I wouldn't mind learning anyway) that anyone has used that I may be able to try? Only need to file 1 return. Thanks.
Search found 249 matches
- Tue Jan 17, 2023 8:10 pm
- Forum: Personal Finance (Not Investing)
- Topic: Any entry-level professional tax software?
- Replies: 7
- Views: 1128
- Fri Jan 06, 2023 7:24 pm
- Forum: Investing - Theory, News & General
- Topic: The Complete Irrelevancy of Dividends
- Replies: 138
- Views: 8235
Re: The Complete Irrelevancy of Dividends
I don't want a company to pay me dividends. If a company has optimal investment opportunities that will return more than its cost of capital, it should make the investment. If it doesn't, it should buy back its shares from someone who wants to sell them. If I want cash I'm free to sell the shares. And if I want an income stream I'm free to sell the shares needed to produce it. I'm with Warren Buffett on this one.
- Sun Jan 01, 2023 7:22 pm
- Forum: Personal Investments
- Topic: Error when withdrawing from Vanguard.
- Replies: 3
- Views: 1341
Re: Error when withdrawing from Vanguard.
Thanks. I added a reply to that thread. Seems I'm not the only one, maybe some kind of bug.
- Sun Jan 01, 2023 6:22 pm
- Forum: Personal Investments
- Topic: Vanguard blocking withdraw of 3rd party check deposit?
- Replies: 18
- Views: 3990
Re: Vanguard blocking withdraw?
Just letting you know I'm having the same issue. I did recently transfer funds from the same bank, but the message says I should be able to transfer funds back to that bank. It won't let me withdraw anything, not just the funds that were sourced from the bank.
Maybe some kind of glitch. Will call them next week.
Maybe some kind of glitch. Will call them next week.
- Sun Jan 01, 2023 5:27 pm
- Forum: Personal Investments
- Topic: Error when withdrawing from Vanguard.
- Replies: 3
- Views: 1341
Error when withdrawing from Vanguard.
I'm getting this message when I try to withdraw money from my Vanguard account: "The shares you’re trying to redeem were recently purchased. To protect your account, we can send the proceeds from the sale of those shares only to the institution and account from which they originated. To complete this transaction, you can choose to send the proceeds to the originating institution and account. If you purchased the shares by check, or if you have questions about this transaction, contact us for assistance." I did make a recent deposit, but this is occurring even for the bank from which I sent the recent deposit, and is also occurring for any funds in my account, including other funds that I did not just submit from a bank deposit. An...
- Fri Aug 26, 2022 7:51 pm
- Forum: Personal Finance (Not Investing)
- Topic: When to travel Business/First class.
- Replies: 147
- Views: 19299
Re: When to travel Business/First class.
Depends on your reasons, sleep/space etc. But one option from a few East Coast cities to London is a daytime flight if sleep is a concern. Planning to do this on a trip next year.
Another unrelated suggestion: skip the dinner on overnight flights to Europe. The time you're eating is overnight hours where you're going and it eats into time better spent sleeping. Eat before boarding the flight, try to sleep as soon as you board, then wake up and eat breakfast to be better aligned to the time where you're going.
Another unrelated suggestion: skip the dinner on overnight flights to Europe. The time you're eating is overnight hours where you're going and it eats into time better spent sleeping. Eat before boarding the flight, try to sleep as soon as you board, then wake up and eat breakfast to be better aligned to the time where you're going.
- Mon Jun 13, 2022 3:53 pm
- Forum: Personal Investments
- Topic: Lost 1 million ! Any body else in same boat ? Looking for some reassurance
- Replies: 394
- Views: 59875
Re: Lost 1 million ! Any body else in same boat ? Looking for some reassurance
I lost a lot less than that. Would happily trade my portfolio for yours.
- Mon Jun 06, 2022 3:30 pm
- Forum: Investing - Theory, News & General
- Topic: Could T-Bills sold before maturity get LTCG rate in this scenario
- Replies: 1
- Views: 300
Could T-Bills sold before maturity get LTCG rate in this scenario
Hi all, Please let me know if I'm missing something here. In the event where someone has: 1. Short term losses (example -$800 STCL) 2. Long term gains greater than the amount of the short term losses (example +$2000 LTCG) 3 Sells a T-Bill before maturity (assume $398 STCG since likely will be sold slightly less than par) If I held the t-bill to maturity (let's say $400 of interest), I would have $400 in interest payments (state tax exempt) and $1200 Long Term Capital Gain after netting. However, if I sold the t-bill prior to maturity, I would have a short term loss of $402 and a long term capital gain of $2000, which nets to a long term capital gain of $1598. Assuming my long term capital gains rate + state tax rate is lower than my ordinar...
- Sat May 14, 2022 10:42 am
- Forum: Personal Investments
- Topic: anyone else tax loss harvesting like crazy?
- Replies: 154
- Views: 22149
Re: anyone else tax loss harvesting like crazy?
I tax loss harvested quite a bit in 2020 but haven't had enough losses yet this year to make it worthwhile (most of my fixed income is not in bond funds and didn't buy much stock in 2021). But tax loss harvesting if done properly is definitely not market timing and will do it if the market drops another 5-10 percent.
- Sun Apr 03, 2022 12:01 pm
- Forum: Personal Finance (Not Investing)
- Topic: 1116 Schedule B even if all credit is available?
- Replies: 1
- Views: 236
1116 Schedule B even if all credit is available?
Hi all,
I was reviewing my sister's return (prepared by an accountant) and was surprised that they included form 1116 schedule B even though the allowable amount is greater than the amount taken and there is no carryforward. Is filing this schedule necessary to establish an excess for a carryback in the event that not all of the foreign tax credit is available in the following year, or would someone just be able to look at the excess from the regular form 1116 to establish the carryback?
Thanks!
I was reviewing my sister's return (prepared by an accountant) and was surprised that they included form 1116 schedule B even though the allowable amount is greater than the amount taken and there is no carryforward. Is filing this schedule necessary to establish an excess for a carryback in the event that not all of the foreign tax credit is available in the following year, or would someone just be able to look at the excess from the regular form 1116 to establish the carryback?
Thanks!
- Sun Mar 06, 2022 5:16 pm
- Forum: Personal Finance (Not Investing)
- Topic: Any reason to e-file vs paper file if I owe?
- Replies: 41
- Views: 3650
Re: Any reason to e-file vs paper file if I owe?
Thanks. Free Fillable forms and freetaxusa (ive filed using both in the past) do not support the form in question so would not be viable options here. Hadnt heard of OLT but looks like they support this form so I may take a look at that.
- Sat Mar 05, 2022 7:49 pm
- Forum: Personal Finance (Not Investing)
- Topic: Any reason to e-file vs paper file if I owe?
- Replies: 41
- Views: 3650
Any reason to e-file vs paper file if I owe?
Hi all,
Is there any reason to efile vs paper file if I owe money and don't have to worry about waiting for a refund. I have one form that my preferred tax software does not support (and could pay to e-file using another, of course that would be somewhat offset by mailing costs), but not sure there's any reason to efile if I'm not getting a refund. Is there any reason to avoid filing by paper other than the refund delay?
Always e-filed in the past but this is the first time I've needed this specific form (note its not 1116 sch B).
Thanks!
Is there any reason to efile vs paper file if I owe money and don't have to worry about waiting for a refund. I have one form that my preferred tax software does not support (and could pay to e-file using another, of course that would be somewhat offset by mailing costs), but not sure there's any reason to efile if I'm not getting a refund. Is there any reason to avoid filing by paper other than the refund delay?
Always e-filed in the past but this is the first time I've needed this specific form (note its not 1116 sch B).
Thanks!
- Sun Aug 01, 2021 6:35 pm
- Forum: Personal Consumer Issues
- Topic: .
- Replies: 37
- Views: 5646
Re: People who live in the Denver area -- how bad is the air quality, really?
I live in the Denver area and it was a great decision. Normally air quality is not a concern, the smog of years past has largely been resolved. That said wildfire smoke can be an issue - last October was especially bad - though otherwise it hasn't stopped me from doing anything.
- Sun May 30, 2021 9:36 pm
- Forum: Investing - Theory, News & General
- Topic: Equity Return Fallacy #1
- Replies: 17
- Views: 3307
Re: Equity Return Fallacy #1
For an index fund investor isn't the return of the index less fund costs a better approximation anyway? Assuming you're not cherrypicking indices.
- Fri Feb 19, 2021 8:36 pm
- Forum: Personal Finance (Not Investing)
- Topic: E-filing form 1116 [FreeTaxUSA]
- Replies: 122
- Views: 15620
Re: Can't E-file form 1116
I did not file with FreeTaxUSA for this reason, as I got the message after completing the return when I was ready to file. Then tried using H&R Block, and got no warning message, but my H&R Block return was rejected by IRS immediately with no reason given, not sure if it is for this reason or some other (entering form 1116 was not at all intuitive on turbo tax). Then decided to just take my return and enter it in FreeFillableForms, since I had all the forms I needed from the tax form. That return was accepted. I did make one minor mistake(I realized this after the fact): I filed form 8895 instead of 8895A for the 199A dividends even though I was above the income limit, but the result was the same nonetheless, which is how I missed i...
- Sat Jan 16, 2021 1:12 am
- Forum: Personal Finance (Not Investing)
- Topic: Intentionally Paying Too Much Taxes to Buy I Bonds
- Replies: 39
- Views: 9191
Re: Intentionally Paying Too Much Taxes to Buy I Bonds
With IRS issues around Covid is there added risk this year that i-bonds could either be delayed or not processed correctly?
- Tue Jan 12, 2021 11:48 pm
- Forum: Personal Investments
- Topic: iBond rate in TreasuryDirect is wrong?
- Replies: 3
- Views: 1168
Re: iBond rate in TreasuryDirect is wrong?
I-bonds reset on their anniversary. The rate will update in April to 2.18%, and then be in effect through September.
- Sat Jan 02, 2021 9:58 pm
- Forum: Personal Finance (Not Investing)
- Topic: Chase not honoring sign up bonus offer
- Replies: 6
- Views: 1162
Re: Chase not honoring sign up bonus offer
If its the Sapphire Preferred the 60,000 points are worth $750 with 1.25 redemption, not sure if this is the potential source of confusion or not.
- Sat Jan 02, 2021 11:26 am
- Forum: Personal Consumer Issues
- Topic: TurboTax vs HR Block
- Replies: 18
- Views: 1780
Re: TurboTax vs HR Block
Had the same issue in H&R Block (says not available yet). I was able to enter into TaxHawk.
Not sure which of the two I will use this year - if I decide to get I-Bonds will have to use H&R Block as TaxHawk doesn't support them - otherwise TaxHawk meets my needs.
Not sure which of the two I will use this year - if I decide to get I-Bonds will have to use H&R Block as TaxHawk doesn't support them - otherwise TaxHawk meets my needs.
- Sat Dec 12, 2020 7:59 pm
- Forum: Investing - Theory, News & General
- Topic: Why not VSS instead of VXUS?
- Replies: 26
- Views: 5063
Re: Why not VSS instead of VXUS?
I originally took the approach of using small cap int'l to maximize diversity, but as my international allocation for a variety of reasons has aligned much more closely with the global ex-us weight (I no longer overweight US), I'm wondering if I should reconsider that thought. Is holding the global market the best approach, or is there still a maximal diversification benefit to holding int'l small cap because the US is such a large part of the overall global market?
- Wed Nov 25, 2020 4:06 pm
- Forum: Personal Finance (Not Investing)
- Topic: [Marcus Savings Account - Interest rate is now 0.5%]
- Replies: 254
- Views: 38382
Re: [Marcus Savings Account - Interest rate is now 1.7%]
Can we start a new thread with a different title? I dont want to keep seeing this rate when I cant get anything close to it anymore.
- Sat Jun 20, 2020 11:22 am
- Forum: Personal Finance (Not Investing)
- Topic: Learning how to do your own taxes?
- Replies: 51
- Views: 7033
Re: Learning how to do your own taxes?
For the record, I did my taxes this year using FreeTaxUSA and checked it using TurboTax. There was one discrepancy, which FreeTaxUSA got right and TurboTax got wrong. In short, reading the state instructions allowed something to be counted as a deduction that was not apparent from reading the state form itself. So I was quite impressed with FreeTaxUSA for getting that detail right when TurboTax missed it.
- Thu Jun 04, 2020 8:51 pm
- Forum: Personal Consumer Issues
- Topic: Need safe escape plan from New York
- Replies: 37
- Views: 3282
Re: Need safe escape plan from New York
Some airlines (like Delta) are keeping their planes more empty than others. Choose one of those airlines for the trip.
As for transport, if she doesn't have someone who can easily take her, getting a larger vehicle such as a van from a car service would allow for more social distancing from the driver but would be more expensive. I'd probably take a car service over a taxi all else equal in this case.
As for transport, if she doesn't have someone who can easily take her, getting a larger vehicle such as a van from a car service would allow for more social distancing from the driver but would be more expensive. I'd probably take a car service over a taxi all else equal in this case.
- Sun Nov 03, 2019 9:41 pm
- Forum: Investing - Theory, News & General
- Topic: Article on Dividends (J Clements)
- Replies: 29
- Views: 3899
Re: Article on Dividends (J Clements)
I'm not claiming announcements of dividends and buybacks have exactly the same impact on market value as they could be interpreted differently for signaling purposes and different shareholders may have certain desires for dividend payments. However, you claimed that buybacks are a scam and that they don't return value to shareholders, and that is false. From a cash perspective the amount the company is paying to shareholders (yes, different shareholders) is the same whether it does so via a dividend or a buyback.
- Sun Nov 03, 2019 7:04 pm
- Forum: Investing - Theory, News & General
- Topic: Article on Dividends (J Clements)
- Replies: 29
- Views: 3899
Re: Article on Dividends (J Clements)
This can be thought of as a company going out of business without going bankrupt after liquidating its holdings and having cash on hand to distribute to its owners. Could also occur in a company selling itself to a larger company for cash. But yes, it's theoretical.
- Sun Nov 03, 2019 6:06 pm
- Forum: Investing - Theory, News & General
- Topic: Article on Dividends (J Clements)
- Replies: 29
- Views: 3899
Re: Article on Dividends (J Clements)
Companies return value to the shareholder by 3 ways: dividends, buybacks, or reinvest capital to expand, improve productivity or acquisitions. All methods can be good or bad depending on how the management deploys its cash. Buying back company shares with unwarranted leverage or above intrinsic value may be a bad choice. Then again, increasing dividends when cash flow is poor or better return on investment can be had elsewhere is just as bad. None of the 3 options are either good or bad. It depends on how they are deployed. If your return on investment is greater then $1 for every $1 deployed, it was a good choice. If it wasn't then it is not. I agree if you do not sell you gain no value. Dividends do not give a net increase in value as th...
- Sun Nov 03, 2019 5:56 pm
- Forum: Investing - Theory, News & General
- Topic: Article on Dividends (J Clements)
- Replies: 29
- Views: 3899
Re: Article on Dividends (J Clements)
Buybacks are a scam and in no way comparable to dividends. Tell that to Warren Buffet. Absent taxes and the impact of the decision on buyback vs dividend itself, buybacks have the same impact as dividends on the company's value regardless of the stocks valuation relative to intrinsic value. Assuming no taxes and no impact of management's decision on buyback vs dividends on the market's reading of a stock, the two are equivalent. Let's say a company has $400 in assets, $200 in liabilities, and $200 in shareholder equity. It now distributes $20 either as a dividend or a buyback. The company now has $380 in assets, $200 in liabilities, and $180 in shareholder equity, regardless of how that was distributed. Let's assume the company previously ...
- Fri Nov 01, 2019 6:24 pm
- Forum: Investing - Theory, News & General
- Topic: Series I Savings Bond 0.20% Fixed Rate Announced 11/1/2019
- Replies: 6
- Views: 2351
Re: Series I Savings Bond 0.20% Fixed Rate Announced 11/1/2019
Glad I bought the rest of my allocation in October.
- Sun Jun 16, 2019 8:04 pm
- Forum: Investing - Theory, News & General
- Topic: Tax Rate at which to use municipal money market vs Prime or Federal
- Replies: 5
- Views: 739
Re: Tax Rate at which to use municipal money market vs Prime or Federal
Thanks Grt2bOutdoors. I've done that calculation and gotten different answers at different times...maybe I should just assume its close to a wash in that case?
- Sun Jun 16, 2019 7:58 pm
- Forum: Investing - Theory, News & General
- Topic: Tax Rate at which to use municipal money market vs Prime or Federal
- Replies: 5
- Views: 739
Re: Tax Rate at which to use municipal money market vs Prime or Federal
Let's say for this example that the state tax rate is 5%. Also, let's assume for the moment that $50K is not available to put into this fund.
- Sun Jun 16, 2019 7:49 pm
- Forum: Investing - Theory, News & General
- Topic: Tax Rate at which to use municipal money market vs Prime or Federal
- Replies: 5
- Views: 739
Tax Rate at which to use municipal money market vs Prime or Federal
Hi,
I know municipal SEC yields for municipal money market move around a lot seasonally and a specific point in time SEC yield may not be relevant for a longer term investment yield.
At what marginal tax rate would municipal generally be worth it (including NIIT)?
I presume it would need to be at least the 32% marginal bracket. At which of the following levels would it likely be worth it to switch to municipal?
Thanks!
32%
32% + 3.8% NIIT
35% + 3.8% NIIT
37% + 3.8% NIIT
I know municipal SEC yields for municipal money market move around a lot seasonally and a specific point in time SEC yield may not be relevant for a longer term investment yield.
At what marginal tax rate would municipal generally be worth it (including NIIT)?
I presume it would need to be at least the 32% marginal bracket. At which of the following levels would it likely be worth it to switch to municipal?
Thanks!
32%
32% + 3.8% NIIT
35% + 3.8% NIIT
37% + 3.8% NIIT
- Sun May 26, 2019 4:38 pm
- Forum: Personal Finance (Not Investing)
- Topic: Debt vs Savings
- Replies: 54
- Views: 6914
Re: Debt vs Savings
I would pay off 11% credit card debt even at the expense of an emergency fund. Worst case scenario is you need to use the credit card again, at least you won't be paying 11% in the interim.
- Sun May 19, 2019 2:52 pm
- Forum: Personal Consumer Issues
- Topic: Recent Stays in Riviera Maya Area of Mexico
- Replies: 11
- Views: 2059
Re: Recent Stays in Riviera Maya Area of Mexico
Was there in April when sargassum had just arrived. Looked bad in Playa del Carmen, but not at all in Cozumel, as most of the beaches face West there. Alternatively, the cenotes are great and not to be missed, and I understand Isla Mujeres Playa Norte is not a bad option as well.
- Fri Apr 05, 2019 7:05 pm
- Forum: Investing - Theory, News & General
- Topic: The "dividend preference anomaly"
- Replies: 183
- Views: 12473
Re: The "dividend preference anomaly"
I know there are a lot of high dividend index funds, but are there any low dividend index funds to tilt away from dividend payers? I'd consider using one to tilt my portfolio if it existed. I guess proof of dividend funds is that high dividend index funds are far more prevalent than their counterpart.
- Thu Jan 31, 2019 10:00 pm
- Forum: Personal Finance (Not Investing)
- Topic: TaxAct problems? Anyone have success with a return which includes "backdoor" Roth reporting?
- Replies: 62
- Views: 7459
Re: TaxAct problems? Anyone have success with a return which includes "backdoor" Roth reporting?
Ran into this same problem after using TaxAct for the past 8 years. Decided to switch to TaxHawk (same as FreeTaxUSA). No problems (so far), better interface, and cheaper as well. Thank you TaxAct for screwing up and saving me some money in the process.
- Thu Jan 31, 2019 9:13 pm
- Forum: Personal Finance (Not Investing)
- Topic: Tax filing software
- Replies: 61
- Views: 6862
Re: Tax filing software
TaxHawk (same as FreeTaxUSA) handled backdoor Roth no problem. TaxAct (which I have used for the last 7 years but will almost certainly stop using this year) keeps crashing for over a week whenver I try to enter my non-deductable Traditional IRA. So yes, it can handle it. Don't know about mega backdoor roth but don't see why not.
- Fri Dec 28, 2018 9:17 am
- Forum: Investing - Theory, News & General
- Topic: Buying dips not recommended?
- Replies: 52
- Views: 5876
Re: Buying dips not recommended?
My strategy is very simple. If I'm above my target allocation in equities, new money goes to fixed. If I'm below my target allocation to equities, new money goes to equity. I can also move money from equity to fixed or vice versa to get closer to my target (doing this in a way that avoids capital gains). This has me buying dips more often than not. Volatility is your friend if you don't have any immediate cash need and can stick to your target allocation through it.
- Wed Dec 05, 2018 10:29 pm
- Forum: Personal Investments
- Topic: Am I calculating the marginal tax rate correctly here?
- Replies: 5
- Views: 1205
Re: Am I calculating the marginal tax rate correctly here?
Thanks Grabiner. For the additional point, that's a good clarification I hadn't thought about, that if non-investment income is under 200K, any additional dollar increases the amount subject to NIIT. My goal here is to figure out taxable vs tax-exempt bonds, so I think for that purpose either way the NIIT should be included in the marginal rate. However, the point you raise could be another argument in favor of Traditional vs Roth 401k contributions if non-investment income is below 200K.
- Wed Dec 05, 2018 8:13 pm
- Forum: Personal Investments
- Topic: Am I calculating the marginal tax rate correctly here?
- Replies: 5
- Views: 1205
Am I calculating the marginal tax rate correctly here?
Just want to make sure I'm understanding calculating marginal tax rate correctly:
Assume the following:
AGI: $216,000
Taxable Income $204,000
Long Term Capital Gains + Qualified Dividends: $14,000
Taxable Income Less LTCG + Qual Divs: $190,000
Am I correct that the the correct marginal tax rate in this example would be: 32% + 3.8% Net Investment Income Tax = 35.8%.
Even though the person has a taxable income that would put them in the 35% tax bracket, because the LTCG and qualified dividends are only taxed at 15% their marginal tax rate should be based on the $190,000, which would imply 32%.
Thanks!
Assume the following:
AGI: $216,000
Taxable Income $204,000
Long Term Capital Gains + Qualified Dividends: $14,000
Taxable Income Less LTCG + Qual Divs: $190,000
Am I correct that the the correct marginal tax rate in this example would be: 32% + 3.8% Net Investment Income Tax = 35.8%.
Even though the person has a taxable income that would put them in the 35% tax bracket, because the LTCG and qualified dividends are only taxed at 15% their marginal tax rate should be based on the $190,000, which would imply 32%.
Thanks!
- Wed Oct 17, 2018 11:25 pm
- Forum: Personal Investments
- Topic: Transfer VTSAX & VTIAX to Chase You Invest?
- Replies: 31
- Views: 6147
Sapphire Banking and Chase You Invest Bonus
Different but related question so will post here rather than start a new thread:
If I understand correctly I can meet the $75,000 minimum for the bonus and to waive fees on the sapphire checking account by transferring ETFs in kind from another brokerage. Can someone confirm that this is correct?
If I understand correctly I can meet the $75,000 minimum for the bonus and to waive fees on the sapphire checking account by transferring ETFs in kind from another brokerage. Can someone confirm that this is correct?
- Fri Sep 14, 2018 7:22 pm
- Forum: Personal Consumer Issues
- Topic: [Wearing] Shorts in Egypt
- Replies: 71
- Views: 7710
Re: [Wearing] Shorts in Egypt
The zip-off pants I use for hiking would be perfect here. Instant shorts whenever you want them.
- Wed Jul 25, 2018 1:56 pm
- Forum: Personal Consumer Issues
- Topic: Daughter wants to travel on her own to Montreal
- Replies: 105
- Views: 8767
Re: Daughter wants to travel on her own to Montreal
In many other countries (Europe comes to mind) such a trip would be quite common and would not raise any concerns at all. I say she should go for it - great experience and gaining the kind of independence that will serve her well at college.
- Mon Jul 02, 2018 5:49 pm
- Forum: Personal Investments
- Topic: VMSXX - Calif Tax-Free equivalent?
- Replies: 4
- Views: 740
- Tue Jun 26, 2018 12:29 pm
- Forum: Personal Finance (Not Investing)
- Topic: Travel hacking for frequent international flights: Chase Sapphire preferred or any other card?
- Replies: 21
- Views: 3984
Re: Travel hacking for frequent international flights: Chase Sapphire preferred or any other card?
It is my view (and I've done the Math), that if you don't spend enough on dining/travel to make the Sapphire Reserve worth it over the Preferred, you're better off with a 2% cash back no annual fee card (Citi Double Cash, Fidelity card, etc).
I spend enough to make the Sapphire Reserve well worth it, and it's a great card for me.
I spend enough to make the Sapphire Reserve well worth it, and it's a great card for me.
- Sun Jun 10, 2018 11:23 pm
- Forum: Personal Consumer Issues
- Topic: Boulder to Denver one day trip
- Replies: 3
- Views: 701
Re: Boulder to Denver one day trip
Agree after 6 PM traffic will be better than before but it's a short enough drive that I wouldn't worry and I would make the trip whenever I felt like it.
- Tue Apr 24, 2018 12:54 am
- Forum: Personal Investments
- Topic: 401k lawsuit settlement - Can I rollover to avoid penalty for early distribution
- Replies: 2
- Views: 814
401k lawsuit settlement - Can I rollover to avoid penalty for early distribution
Hi all,
I am a participant in a plan which recently settled a lawsuit, and received a check along with a 1099-R with distribution code 1. I wanted to know if I can avoid the early distribution and penalty by rolling this amount either back into the 401k or into an IRA. Does anyone have any experience/knowledge with this. Thanks!
Please limit replies to the topic at hand, can this distribution be rolled over. I do not want this thread derailed into a discussion on 401k plan lawsuits beyond the specific question at hand, thanks.
I am a participant in a plan which recently settled a lawsuit, and received a check along with a 1099-R with distribution code 1. I wanted to know if I can avoid the early distribution and penalty by rolling this amount either back into the 401k or into an IRA. Does anyone have any experience/knowledge with this. Thanks!
Please limit replies to the topic at hand, can this distribution be rolled over. I do not want this thread derailed into a discussion on 401k plan lawsuits beyond the specific question at hand, thanks.
- Mon Jan 01, 2018 7:42 pm
- Forum: Personal Finance (Not Investing)
- Topic: How can I move back to NYC with such high taxes? (State/City tax, Unincorporated Business Tax)
- Replies: 110
- Views: 11646
Re: How can I move back to NYC with such high taxes? (State/City tax, Unincorporated Business Tax)
Consider Hoboken, Jersey City, Yonkers, or New Rochelle to avoid NYC UBT?
- Mon May 01, 2017 10:27 am
- Forum: Personal Investments
- Topic: I bonds May 2017
- Replies: 66
- Views: 13442
Re: I bonds May 2017
Bought 5K last month and decided would revisit in October (once we know November-May variable rate) what to do with the other amount. For now not investing in I-bonds.
- Mon Apr 17, 2017 2:56 pm
- Forum: Personal Investments
- Topic: I-bond rate as of May 1st
- Replies: 10
- Views: 2052
Re: I-bond rate as of May 1st
Correcting my previous post to avoid confusion, I think I see my mistake.
- Mon Apr 17, 2017 2:44 pm
- Forum: Personal Investments
- Topic: I-bond rate as of May 1st
- Replies: 10
- Views: 2052
I-bond rate as of May 1st
If I'm calculating correctly the rate for the next six months will be (Corrected) 1.96%. Trying to decide if I should buy now or wait until May 1st in hopes of an increase in the fixed rate. Any thoughts? I understand the 10K limit is per calendar year, correct?