Bogleheads.org

icefr

Hi all, I would like to kindly request that you revisit the gendered pronoun language present in the template. I do personally find it offensive. It is 2019: my marriage license used the terms “Spouse A” and “Spouse B” and so many bathrooms in my city are now gender neutral. I don’t see why we need...

icefr

Hi all, I would like to kindly request that you revisit the gendered pronoun language present in the template. I do personally find it offensive. It is 2019: my marriage license used the terms “Spouse A” and “Spouse B” and so many bathrooms in my city are now gender neutral. I don’t see why we need ...

icefr

Refinancing would be ideal, but it might be tricky to find a lender that will do so at a reasonable cost when your mortgage balance is under $100,000. Worth a try if you can find one though. I wouldn’t pay a fee to recast this mortgage since that essentially happens once a year when the rate adjusts...

icefr

Does your employer offer life insurance for spouses? That could be worth checking if it doesn’t have this restriction.

icefr

HSA or FSA contributions, medical, dental, vision premiums would all count to reduce Social Security and Medicare wages. Also, in 2018, you didn't pay Social Security tax beyond $128,400 of income. You do pay Social Security tax on 401(k) contributions though.

icefr

Have you looked at what it takes to fill out a 1040X? No, but I assumed it was even more of a pain than doing a regular 1040. Anything more than using TurboTax to file electronically gives me nightmares. I also don’t understand how it works conceptually . For example, do I first fill out and submit...

icefr

My spouse and I were struggling with this recently. We live in a different state from you and are buying a $1.4M place. We ended up deciding to put 30% down from index funds and cash and then we will reinvest the proceeds from our apartment once it’s sold back into our Vanguard taxable. Why did we c...

icefr

I am surprised that one owner can capture the HOA. My condo association has 350-400 units. There are 14 board member - 1 for each of 7 buildings. The president and treasurer come from members of the board. These individuals don’t have total control of money. All members should have copies of the bu...

icefr

I would just take Option 1 in case you want to refinance again. A no cost refinance always wins out.

icefr

I would not do a cash out refi. So, option 1! Looks like it would break even in terms of interest costs after just under a year since you would save ~$2,175/year in interest over your current mortgage.

icefr

zeugmite wrote: ↑Thu Mar 14, 2019 1:05 am What about the 10% early withdrawal penalty? Does it apply to these forced distributions?

No, it is treated as wages on the 1040, since it is a return of contribution, which would have been wages had you not contributed to the 401(k).

icefr

okdan wrote: ↑Thu Jan 31, 2019 8:49 pm My rollover is a little more complicated, as the $15k is 50% pre-tax and 50% roth.

I would roll the pre-tax portion to your new 401(k) and the Roth portion to your Roth IRA. That's what I did when I left my first job. Keeps things simpler.

icefr

Do you donate regularly? Have you considered donating some of these older funds? That would avoid the capital gains to get rid of these older funds.

icefr

I have bought Series I Savings Bonds regularly over the last six years, so I have several purchases. My spouse and I are buying a new house soon and I'm trying to figure out how to document them so that I don't have to transfer them in before the statement periods we will show the mortgage lender. I...

icefr

Possibly! It sounds like a prenup or at least the discussions of one and its process could help them.

icefr

I found it to be impossible to keep the gains on pre-marital 401(k) balances separate property per our state law, so we ended up keeping retirement accounts entirely separate in our agreement. I care less about the current balance and more about the growth on that balance over 30 years because assum...

icefr

I always calculated the minimum share price to not end up with a loss after commissions and did a limit order for that. Why did I not want a loss? I often had new shares being purchased within 30 days and didn’t want to end up with a wash sale. Why is a wash sale a problem? I mean, I see why you wa...

icefr

I always calculated the minimum share price to not end up with a loss after commissions and did a limit order for that. Why did I not want a loss? I often had new shares being purchased within 30 days and didn’t want to end up with a wash sale.

icefr

I would either refinance or pay it off. We recently refinanced with Third Federal to a new ARM and got a good rate.

icefr

Not all HDHPs are the same. I would review carefully. Ours has a $3,000 family deductible, a $3,000 individual out of pocket maximum and a $6,000 family out of pocket maximum. So if one person uses all of the services, then you don’t pay anything more once they hit their individual out of pocket max...

icefr

TheMadEph wrote: ↑Wed Aug 01, 2018 11:30 pm Eastside should have their own chapter... Seattle meetups should be in Seattle proper, so people can walk, bike, transit to the meetup. Eastside is a mess of horrible traffic.

+1

icefr

I was able to deposit these checks into my Vanguard Roth IRA from my iPhone in 2015 and 2016, if that helps at all.

icefr

2022 is a long ways away to really worry about what the rates will look like. We just refinanced into a new 5/1 ARM with Third Federal Bank on a 10 year amortization at 3.09% a few months ago. Our plan is to pay about 1/5 of it each year for the next five years and then it’ll be paid off. That’s the...

icefr

One thing I would caution is how the cost basis gets transferred if you move the account from individually titled to jointly titled. I did some similar research this year because my husband transferred some separate shares to my separate taxable account. The cost basis was a huge pain to transfer ov...

icefr

Awesome, Tamarind! Hope it works out well for you. We just closed on the same mortgage terms and things went mostly smoothly and quickly. It only took us 5 weeks to close from application. We refinanced from a 5/1 ARM that had just had its first adjustment to 4.125% so we are very happy with the 3....

icefr

Awesome, Tamarind! Hope it works out well for you. We just closed on the same mortgage terms and things went mostly smoothly and quickly. It only took us 5 weeks to close from application. We refinanced from a 5/1 ARM that had just had its first adjustment to 4.125% so we are very happy with the 3.0...

icefr

Does anyone want to bite on whether the value of the equity in a house owned by one person before a marriage can be considered separate property in the event of a divorce, if the couple refinanced the house after marriage, resulting in both their names ending up in the deed? If a prenup doesn't hel...

icefr

Thanks tenkuky! Hope it works out for us. I do plan to ask our current lender if they will match Third Federal’s terms before we fully commit to the loan, but it seems like a good strategy.

icefr

Do you still have your mortgage with Third Federal? Are you happy with them as a servicer? How has making extra principal payments been? What did they do with the property tax payment they wanted upfront at closing when you aren't escrowing? I noticed that in our application and was a little confus...

icefr

Do you still have your mortgage with Third Federal? Are you happy with them as a servicer? How has making extra principal payments been? What did they do with the property tax payment they wanted upfront at closing when you aren't escrowing? I noticed that in our application and was a little confuse...

icefr

Nothing extra has been paid to principal in over three years now. I bought the place when my single income was 1/3-1/4 of our now current household income, so the mortgage isn’t nearly as stressful now as it was at the beginning. At 5 years, with the balance around $62,000, we could quite easily pay...

icefr

Current mortgage is a 5/1 ARM that recently adjusted from its initial 2.50% to 4.125%. It will continue to adjust every 12 months going forward. 300 months remaining. Balance is ~$115,000. At today's index value, it would reset next to 4.50%. It was a huge shock to go from $240 in interest with Janu...

icefr

I’ve always invested Roth 401(k) funds as I would invest Roth IRA funds and the rest of the 401(k) separately, for this reason. Then when I left that first job, i rolled the Roth 401(k) into my Roth IRA and the Traditional 401(k) portion to my new 401(k).

icefr

2) Is there any way to avoid having this happen in the future? Should I include an extra note in the Schwab material? Or call Vanguard next time to give them extra instructions? I have a Schwab DAF and I decided just to set up a taxable account at Schwab to make such transfers easier. I transferred...

icefr

2) Is there any way to avoid having this happen in the future? Should I include an extra note in the Schwab material? Or call Vanguard next time to give them extra instructions? I have a Schwab DAF and I decided just to set up a taxable account at Schwab to make such transfers easier. I transferred...

icefr

You are missing nothing. I would absolutely hold off on enrolling in COBRA. The catch is that if you do have healthcare usage planned, then I would compare the cash cost of the healthcare versus the cost of paying for COBRA and how much it would cost then.

icefr

I just recently retired from a Megacorp with a generous policy for retirees relative to RSUs. All of my remaining RSUs will vest on the next regularly scheduled vesting date in 2018. I have a small pension, but no W2 income, and I'm not planning to start SSI for a few more years. I would like to ma...

icefr

At my last ESPP, the selling fee was $7.95, which was pretty reasonable. You should be able to inquire about this information from the custodian.

icefr

After two weeks in the Seattle housing market - houses listed 600K are bid up to 800K while houses listed at 800K are bid up to 950-$1mil. The house we wanted to buy at $750K had double digit bids and closed at 920K. The next round - we liked a house for 850K went with an offer with escalation till...

icefr

If you don't have any non-Roth IRAs, you could always do a https://www.bogleheads.org/wiki/Backdoor_Roth_IRA

icefr

When is your wedding date? If it is in 2017, then you will need to file your taxes as Married for 2017 even if you marry on December 31st.

How much do your RSUs/ESPP/bonus usually add up to? How much do you plan to add to investments this year?

icefr

yes, you can transfer from one to the other. Custodian to custodian is simplest. The banks should have the forms on their website... it's not fast (mine took 6 weeks) but gets done. Consolidate into the most favorable (fees, investment options) If you won't be contributing on your own (if you have ...

icefr

Mine was bought from James Allen and I love it! We got the matching band and the engagement ring for less than a friend spent on just the engagement ring by buying online. One catch is to watch for their return/resizing timeline in case it needs to be adjusted as it isn't an infinite amount of time....

icefr

Congrats! I hit 50% for the first time last spring. I went back under 50% in the summer/fall and haven't quite re-hit 50% again, but that's life and I'm still close

icefr

If the $100k is your pre marriage money then putting it into the mortgage is also commingling it. Personally, I would invest it in an account in just your name if it's your pre marriage money. But others on the forum have different ideas of marriage than I do. So would you invest the full $100k int...

icefr

If the $100k is your pre marriage money then putting it into the mortgage is also commingling it. Personally, I would invest it in an account in just your name if it's your pre marriage money. But others on the forum have different ideas of marriage than I do.

icefr

Maxing out Roth since I was 19 and started co-oping (like an internship) in undergrad. Maxed out 401k for a few years in the early 2000s, but not since then. Partly it's because I'm planning to move from a no-income-tax-state to an income-tax-state, and so I think my tax rate will rise. Partly it's...

icefr

Is this a community property state?

icefr

If you have enough money in a taxable account to pay off your mortgage, can you do that? Then keep the house in your name as sole and separate property, and that will free up some cash flow to help pay down the debt if you are so inclined. Protect yourself! Don't put the house anywhere at risk, or ...

icefr

Since income and finances are handled annually... probably not. If you are not insured for those 2 days, don't get sick or hurt! Rolling over any 401k to new employer would have to be done... when you are employed. Why would anyone want to roll their 401k to a new company one? Wouldn't you always w...

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