Search found 6721 matches

by Epsilon Delta
Wed Jan 17, 2018 2:31 am
Forum: Investing - Help with Personal Investments
Topic: Accidentally made direct Roth IRA contribution
Replies: 7
Views: 567

Re: Accidentally made direct Roth IRA contribution

Is it appreciation across all Roth IRAs in this timeframe, or only the account I contributed to? I would've assumed all, but Fairmark (http://fairmark.com/retirement/roth-accounts/recharacterizations/recharacterization-blues/) seems to suggest that it's only the particular account? Just the account...
by Epsilon Delta
Tue Jan 16, 2018 7:04 pm
Forum: Investing - Help with Personal Investments
Topic: Accidentally made direct Roth IRA contribution
Replies: 7
Views: 567

Re: Accidentally made direct Roth IRA contribution

What does it mean that the earnings are calculated using the Roth IRA? Say my Roth IRA is up 50% overall. Does that mean that $5500 comes out and gets put in the nondeductible traditional IRA as basis, and $2750 comes out and put in there as earnings? That seems crazy / inequitable. What Kaneohe sa...
by Epsilon Delta
Tue Jan 16, 2018 6:36 pm
Forum: Personal Consumer Issues
Topic: best flooring for a basement wood shop?
Replies: 27
Views: 1324

Re: best flooring for a basement wood shop?

Bengineer wrote:
Tue Jan 16, 2018 4:28 pm
Air-seal the ceiling and ventilate separately so you don't run the rest of the family out of the house when you use solvents!
A friend of mine sealed the interior door to his workshop so the only access is from the outside (Bilko doors). His wife would rather deal with snow than sawdust.
by Epsilon Delta
Tue Jan 16, 2018 6:13 pm
Forum: Investing - Help with Personal Investments
Topic: Accidentally made direct Roth IRA contribution
Replies: 7
Views: 567

Re: Accidentally made direct Roth IRA contribution

There are three ways to fix this excess Roth IRA contribution. Given your facts the best way appears to be recharacterize the Roth contribution to be a non-deductible traditional IRA contribution. You ask Vanguard to do this and they will move the contributions plus earnings from the Roth to the tIR...
by Epsilon Delta
Mon Jan 15, 2018 7:37 pm
Forum: Personal Consumer Issues
Topic: Hot Water Delay at faucet/shower far from water heater
Replies: 90
Views: 5219

Re: Hot Water Delay at faucet/shower far from water heater

But aren't you talking about adding brand new extra pipe from one end to another? May be I am missing the fundamentals here. Yes, adding brand new pipe. I am not aware of any recirc water system that would work without adding the pipe. I added about 75 ft of 1/2" copper to run from the original 3/4...
by Epsilon Delta
Mon Jan 15, 2018 7:03 pm
Forum: Personal Consumer Issues
Topic: Will IRS make paper tax forms available?
Replies: 23
Views: 1318

Re: Will IRS make paper tax forms available?

I dread having to go to the Library and asking the library staff to help me print out the forms from the online .pdf files. My local library still (well as of 2017, have not checked in 2018) keeps a binder with master copies of most forms that can be photocopied. Might be worth asking at the refere...
by Epsilon Delta
Mon Jan 15, 2018 10:15 am
Forum: Personal Consumer Issues
Topic: Recommend an A.C. powered auto tire inflator
Replies: 28
Views: 1304

Re: Recommend an A.C. powered auto tire inflator

Whoever suggested using a bicycle pump... really? Have you actually tried it? I did once just to see and it could literally take an hour of pumping to fill up one of my SUV tires..... I suggested a foot pump designed to inflate car tires. For topping up perhaps five PSI it is significantly faster t...
by Epsilon Delta
Mon Jan 15, 2018 9:31 am
Forum: Personal Consumer Issues
Topic: Are land line phones still being supported?
Replies: 60
Views: 3478

Re: Are land line phones still being supported?

The dependability of POTS had nothing to do with the copper. It is due to the expensive redundancy engineered into the system. If regulators require the providers to spend the money wireless or fiber could be engineered to the same degree of reliability. Things like VOIP even have some advantages, s...
by Epsilon Delta
Mon Jan 15, 2018 9:09 am
Forum: Investing - Help with Personal Investments
Topic: Best way to sell ETF in one account, buy it in another
Replies: 10
Views: 792

Re: Best way to sell ETF in one account, buy it in another

saltycaper wrote:
Mon Jan 15, 2018 7:52 am
In this case, there are two accounts (Roth and taxable) with the same broker.
Just in case.
If you sell at a loss in taxable this would be a wash sale and you would lose the deduction. If there is a gain or the sale i in the Roth there is no issue.
by Epsilon Delta
Mon Jan 15, 2018 1:04 am
Forum: Investing - Theory, News & General
Topic: ROTH IRA question - Income > 186,000 and < $196,000
Replies: 8
Views: 609

Re: ROTH IRA question - Income > 186,000 and < $196,000

dbk wrote:
Mon Jan 15, 2018 12:25 am
If you do the way you suggested, can we claim tax deduction on 2x$5,500 backdoor contribution?
Again, thanks for your response.
I may be misunderstanding you but you can't deduct any Roth contribution. Back door, front door, side door or garage door; Roths are not deductible.
by Epsilon Delta
Sun Jan 14, 2018 9:27 pm
Forum: Personal Consumer Issues
Topic: Recommend an A.C. powered auto tire inflator
Replies: 28
Views: 1304

Re: Recommend an A.C. powered auto tire inflator

Get a low pressure foot pump. The hassle in pressing the pedal is less than the hassle in handling a cord, they last forever, and the analog gauge is calibrated for the range of pressures needed. Not exactly what I was looking for. :o I actually had one of these years ago but don't remember much (e...
by Epsilon Delta
Sun Jan 14, 2018 7:04 pm
Forum: Personal Consumer Issues
Topic: Looking for a reasonably priced, safe international destination
Replies: 93
Views: 4794

Re: Looking for a reasonably priced, safe international destination

FWIW the US Dept. of State has a new system of travel advisory. It is a four point scale from 1 most safe to 4 dangerous. It is posted country by country here: https://travel.state.gov/content/dam/NEWTravelAssets/pdfs/Travel%20Advisory%20Country%20List%20Alphabetical%201-10-18%20VERT.PDF Note Nethe...
by Epsilon Delta
Sun Jan 14, 2018 6:44 pm
Forum: Personal Consumer Issues
Topic: Recommend an A.C. powered auto tire inflator
Replies: 28
Views: 1304

Re: Recommend an A.C. powered auto tire inflator

Get a low pressure foot pump. The hassle in pressing the pedal is less than the hassle in handling a cord, they last forever, and the analog gauge is calibrated for the range of pressures needed.

The total energy in an inflated car tire is less than 1 Calorie, you won't even work up a sweat.
by Epsilon Delta
Sun Jan 14, 2018 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: How long do you save tax returns?
Replies: 39
Views: 3052

Re: How long do you save tax returns?

... Have my returns back to the first one I filed in 1963... Mine go back ro 1959. Anyone earlier, or do I win the contest? :happy I have my mother-in-laws going back to WWII (1943 IIRC). The whole file is less than an inch thick. It is in a box that will be shredded if I move or run out of space. ...
by Epsilon Delta
Sun Jan 14, 2018 4:18 pm
Forum: Personal Consumer Issues
Topic: Hot Water Delay at faucet/shower far from water heater
Replies: 90
Views: 5219

Re: Hot Water Delay at faucet/shower far from water heater

If the house is old enough that the plumbing contains lead then hot (or formerly hot) water should not be consumed since hot water dissolves more lead. If you live in the UK the cold kitchen tap is supplied directly from the mains and the rest of the water comes from an open storage tank in the lof...
by Epsilon Delta
Sun Jan 14, 2018 4:04 pm
Forum: Investing - Help with Personal Investments
Topic: Adding 200k to Portfolio, don't want boring old VTSAX again -your criticism, suggestion for a little extra risk?
Replies: 39
Views: 4198

Re: Adding 200k to Portfolio, don't want boring old VTSAX again -your criticism, suggestion for a little extra risk?

I would love to see, but have never seen and don't know an objective way to go about finding out, a comparison of two situations: a) An investor who makes a single, irrevocable decision to adopt some sound, sensible plan according to the best consensus wisdom of 1980 and stays the course, never tak...
by Epsilon Delta
Sun Jan 14, 2018 2:32 pm
Forum: Personal Consumer Issues
Topic: Hot Water Delay at faucet/shower far from water heater
Replies: 90
Views: 5219

Re: Hot Water Delay at faucet/shower far from water heater

Water from your circulation loop is potable water. Where do you get the idea that it's non-potable? The potability of hot water is debatable. It is at least a function of the details of the house's plumbing. There are certainly places you should not drink from the hot water supply. If the house is ...
by Epsilon Delta
Sun Jan 14, 2018 2:08 pm
Forum: Personal Consumer Issues
Topic: where does one buy "health insurance" in the USA?
Replies: 17
Views: 1058

Re: where does one buy "health insurance" in the USA?

Nothing bad happening is always a good approach. I'm just not sure how I can arrange that. The system is setup so that some folks are best served by not buying insurance until they need it. If something bad happens, emergency rooms can't turn your away, and the no pre-existing condition clause mean...
by Epsilon Delta
Sun Jan 14, 2018 1:42 pm
Forum: Personal Consumer Issues
Topic: where does one buy "health insurance" in the USA?
Replies: 17
Views: 1058

Re: where does one buy "health insurance" in the USA?

Opening the yellow pages and just calling insurance companies is not stupid as buying a private plan may indeed by her option. Gathering information now is a good idea. I am not personally familiar with the criteria for ACA eligibility, but surely that information is out there. It is a fact that th...
by Epsilon Delta
Sun Jan 14, 2018 1:36 pm
Forum: Personal Consumer Issues
Topic: where does one buy "health insurance" in the USA?
Replies: 17
Views: 1058

Re: where does one buy "health insurance" in the USA?

bogglizer wrote:
Sun Jan 14, 2018 1:04 pm
When ACA started, my whole family just went commando. Nothing bad happened. Now that there are no fines, that's a doubly-advantaged approach.
Nothing bad happening is always a good approach. I'm just not sure how I can arrange that.
by Epsilon Delta
Sun Jan 14, 2018 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: Do you correct cashier mistakes?
Replies: 41
Views: 2058

Re: Do you correct cashier mistakes?

In common law the prices on the shelves are only an offer to treat, and not part of a contract. You walk up to the proprietor or their agent and say (or imply) "how much for this basket of food?"* They quote a price and you accept, or you make a counter offer. The only errors are if they don't see s...
by Epsilon Delta
Sun Jan 14, 2018 1:14 pm
Forum: Investing - Help with Personal Investments
Topic: Are there any situations where you don’t max retirement opportunities?
Replies: 16
Views: 1924

Re: Are there any situations where you don’t max retirement opportunities?

Agree, we won't be doing a Roth 401k contribution this year, and probably won't do individual Roth contribution - we are usually right on the border of being able to do that anyway. So the question is how much, if anything, to put in employer contribution. If you're eligible for a direct Roth IRA c...
by Epsilon Delta
Sun Jan 14, 2018 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: Should Pass-Thru's Now Increase Salaries vs. Distributions?
Replies: 9
Views: 1145

Re: Should Pass-Thru's Now Increase Salaries vs. Distributions?

Your proposed additional wages are quite a bit above the second bend point for SS though so you won't realize much advantage when it comes to collecting SS because you'll only get a small percentage of them back. That depends on how long he works at the high wages. A few years of high wages earns t...
by Epsilon Delta
Fri Jan 12, 2018 7:12 pm
Forum: Investing - Help with Personal Investments
Topic: Contributed to Roth, meant to do IRA
Replies: 7
Views: 454

Re: Contributed to Roth, meant to do IRA

This is actually a bigger issue if you'd done a tIRA and meant to do a Roth since unexpected income could put you over the Roth income limit. Is this not backwards? A tIRA -> Roth conversion is what I plan to do after recharacterizing this, and my understanding is that gains (I won't have any) are ...
by Epsilon Delta
Fri Jan 12, 2018 5:08 pm
Forum: Investing - Help with Personal Investments
Topic: Contributed to Roth, meant to do IRA
Replies: 7
Views: 454

Re: Contributed to Roth, meant to do IRA

You only get to recharacterize each contribution once. So if you are not certain you want a tIRA wait until you are. You have until the tax return is due (plus extension in most cases) to do the recharacterization. The recharacterization is essentially retroactive to the date of the contribution so ...
by Epsilon Delta
Fri Jan 12, 2018 1:34 pm
Forum: Investing - Theory, News & General
Topic: Kodakcoin
Replies: 100
Views: 7583

Re: Kodakcoin

If you look at my post, I am a strong Advocate for "Crypto Assets" and their potential to: Bank the un-bankable world I'd strongly disagree with this one. That's not to say crypto can't serve the unbanked, but at best it can serve the unbanked the way a dollar bill serves the unbanked, not the way ...
by Epsilon Delta
Fri Jan 12, 2018 1:20 pm
Forum: Personal Consumer Issues
Topic: House water detection and alert system?
Replies: 35
Views: 2044

Re: House water detection and alert system?

Would one want a shutoff valve both on the incoming house supply and on the output of the hot water tank? If the shutoff valve is only on the incoming supply, then a leak in a hot water line could still result in the 50+ gallons of the water from the hot water tank leaking and the water heater burn...
by Epsilon Delta
Fri Jan 12, 2018 11:25 am
Forum: Investing - Help with Personal Investments
Topic: Early RMDs to Roth or Taxable?
Replies: 15
Views: 1075

Re: Early RMDs to Roth or Taxable?

But delaying SS will reduce the pile of money that goes to the OP and their siblings. Depends when the mother dies. If she dies soon it makes little difference. If she dies at 70 the heirs lose. Somewhere near life expectancy it's a wash. If she becomes a centenarian the heirs win, but it's probabl...
by Epsilon Delta
Fri Jan 12, 2018 12:33 am
Forum: Investing - Theory, News & General
Topic: Zimbabwe stock market acting strangely again
Replies: 15
Views: 1865

Re: Zimbabwe stock market acting strangely again

david1082b wrote:
Fri Jan 12, 2018 12:26 am
Given enough time, it becomes inevitable that a thread will mention cryptocurrency. More and more threads mention it in the opening post despite the threads having nothing to do with them.
Could you change your user name? "David1082b's Law" just isn't catchy.
by Epsilon Delta
Thu Jan 11, 2018 11:40 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 Withholding Tables
Replies: 87
Views: 10477

Re: IRS announces new withholding tables for 2018

FiveK wrote:
Thu Jan 11, 2018 11:03 pm

Presumably the final version will both take into account the increased child tax credit and have numbers instead of Xs. :)
Maybe they'll add some Ms and Is and Vs.
by Epsilon Delta
Thu Jan 11, 2018 11:29 pm
Forum: Personal Finance (Not Investing)
Topic: "CAGR" of extra mortgage payments
Replies: 7
Views: 825

Re: "CAGR" of extra mortgage payments

Found the error. --Using a CAGR calculator such as the one below, I find the CAGR for a $10,000 investment ending up at $17,467 in 13.2 years is a CAGR of 4.3%, which is notably larger than the 4% mortgage rate. So it seems like I "made" more than 4% on this $10,000 extra interest payment. If this i...
by Epsilon Delta
Thu Jan 11, 2018 11:23 pm
Forum: Personal Finance (Not Investing)
Topic: "CAGR" of extra mortgage payments
Replies: 7
Views: 825

Re: "CAGR" of extra mortgage payments

I'm still not sure how you are calculating CAGR but if your building an amortization table your a) doing far too much work and b) giving lots of opportunities for errors. # Formula for the payment on the original mortage pmt(4%/12, 180, $100,000 ) = -$739.69 #formula for length of mortgage if $10,00...
by Epsilon Delta
Thu Jan 11, 2018 9:41 pm
Forum: Investing - Help with Personal Investments
Topic: Early RMDs to Roth or Taxable?
Replies: 15
Views: 1075

Re: Early RMDs to Roth or Taxable?

It seems totally clear that Roth is better.

In taxable only the gains during your mothers lifetime are tax free.

In the Roth the gains and dividends during and, for a significant period after, your mothers life are tax free.

The only case the Roth is worse is if you lose money.
by Epsilon Delta
Thu Jan 11, 2018 7:40 pm
Forum: Investing - Help with Personal Investments
Topic: [Question about 401k to Roth]
Replies: 12
Views: 42

Re: Backdoor Roth Question

My employer says they cut the checks to my name, since they are treated as a withdrawal. I would have to endorse them over to the other institution. So maybe that avoids that issue. For an eligible rollover distribution, the LAW requires them to offer direct rollover. Remind them of that. For more ...
by Epsilon Delta
Thu Jan 11, 2018 7:08 pm
Forum: Personal Finance (Not Investing)
Topic: How do you define middle class? Which class do you consider yourself in?
Replies: 23
Views: 2109

Re: How do you define middle class? Which class do you consider yourself in?

The concept of "middle class" including the median income is something new, or perhaps American. When the term was first used it went something like: Bottom 95% -- working class Next 4% -- middle class Top 1% -- upper class A lot of talk about "middle class" lifestyle and values still makes a lot mo...
by Epsilon Delta
Thu Jan 11, 2018 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 Withholding Tables
Replies: 87
Views: 10477

Re: IRS announces new withholding tables for 2018

I expect the IRS to have a certain amount of leniency if you follow the instructions on a new W-4 and end up under-withheld. If you estimate your taxes in some other way not-so-much. (There is precedent for this other times the withholding instructions have changed).
by Epsilon Delta
Thu Jan 11, 2018 6:32 pm
Forum: Forum Issues and Administration
Topic: [New forum request] International investing and US non-resident section
Replies: 20
Views: 1838

Re: EU investing

I've lived in several countries and some information of a couple more. There is very little investment advice that applies to all of the non-US countries but not the US. Advice for non-US investors may serve a purpose in reminding people this is a US-centric forum and their mileage may vary, but it ...
by Epsilon Delta
Thu Jan 11, 2018 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: Max out 2018 Roth IRAs or pay off CC
Replies: 9
Views: 654

Re: Max out 2018 Roth IRAs or pay off CC

Op, what happens if the market went down and in the same time you lost your job all of a sudden before paying off your card? Would you rather prefer to have a credit card debt that you can not pay now, but with a funded Roth IRA that went down in value (and you would lock your losses if you cashed ...
by Epsilon Delta
Thu Jan 11, 2018 6:01 pm
Forum: Investing - Theory, News & General
Topic: Zimbabwe stock market acting strangely again
Replies: 15
Views: 1865

Re: Zimbabwe stock market acting strangely again

The MSCI Zimbabwe Index consists of only three stocks: https://www.msci.com/documents/10199/03c39e56-d267-4176-b5ed-5269a88eee05 I wonder if there is an MSCI index that consists of one stock. So the first thing to do is see if this is a thing with the Zimbabwe "Stock Market" or a thing with a singl...
by Epsilon Delta
Thu Jan 11, 2018 5:55 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Mandatory IRA distributions. The IRS will take my money away!!
Replies: 29
Views: 1925

Re: Help with Mandatory IRA distributions. The IRS will take my money away!!

Who is the best type of adviser (that can trusted) to assist me with strategy so as to not get reamed with taxes? Would pay a fee only; but they are hard to find and most have something to sell, or charge points. This is a tax problem. I'd start with a tax advisor. If you have somebody do your taxe...
by Epsilon Delta
Thu Jan 11, 2018 5:47 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 Withholding Tables
Replies: 87
Views: 10477

Re: IRS announces new withholding tables for 2018

Does this take into account the increased child tax credit? A W-4 accounts for the child tax credit on line G of Personal Allowance Worksheet. The worksheet is not given to or used by the employer, so if you want to adjust withholding to take account of increased child tax credit you are going to n...
by Epsilon Delta
Thu Jan 11, 2018 4:50 pm
Forum: Personal Consumer Issues
Topic: [Lightning rods for my house? Or too "old fashioned"?
Replies: 32
Views: 1929

Re: [Lightning rods for my house]

While I've never had a lightning rod per se, one house did have a TV antenna that was connected by 0 gauge copper wire to three ten-foot copper pipes driven into the ground. I'm fairly certain it would function just fine as a lightning rod to protect the house, although not the TVs. It was never str...
by Epsilon Delta
Thu Jan 11, 2018 4:35 pm
Forum: Investing - Theory, News & General
Topic: How diversified are you really with cap weighted foreign markets?
Replies: 37
Views: 1969

Re: How diversified are you really with cap weighted foreign markets?

https://s18.postimg.org/e2n2gdo15/saupload_1306_2017-3-6-12-6-49.png Source: Seeking Alpha Vanguard's Total International Stock Index has over 6,200 stocks from 45 countries — which is plenty of diversification for anyone. Anyone else look at that map and ask "what the heck is wrong with Canada?". ...
by Epsilon Delta
Thu Jan 11, 2018 4:06 pm
Forum: Investing - Help with Personal Investments
Topic: Total cost basis in form 8606
Replies: 4
Views: 454

Re: Total cost basis in form 8606

What you describe seems perfectly reasonable to me and should not raise any red flags. I'd hesitate to call it normal, in that most people probably haven't every done a Roth conversion or filed an 8606, but it's not abnormal. At a stretch I'd say "normal for somebody like you". If you read the 8606 ...
by Epsilon Delta
Thu Jan 11, 2018 3:18 pm
Forum: Investing - Theory, News & General
Topic: Kodakcoin
Replies: 100
Views: 7583

Re: Kodakcoin

In technology businesses, it is not uncommon to use the "latest thing" even if not strictly needed. Management (which often doesn't know much) likes the sound of it, and it may even draw investors- apparently what is happening with Kodak. Of course sometimes this can be a very bad idea. For a funny...
by Epsilon Delta
Thu Jan 11, 2018 2:44 pm
Forum: Forum Issues and Administration
Topic: [New forum request] International investing and US non-resident section
Replies: 20
Views: 1838

Re: EU investing

No. As a practical matter there is no such thing as EU investing. There is Portuguese investing, French investing, German investing, Greek investing ... . Some of these have things in common. Some of them have as darn near as much in common with US investing as they do with each other.
by Epsilon Delta
Thu Jan 11, 2018 2:38 pm
Forum: Investing - Theory, News & General
Topic: Kodakcoin
Replies: 100
Views: 7583

Re: Kodakcoin

If you look at my post, I am a strong Advocate for "Crypto Assets" and their potential to: Bank the un-bankable world I'd strongly disagree with this one. That's not to say crypto can't serve the unbanked, but at best it can serve the unbanked the way a dollar bill serves the unbanked, not the way ...
by Epsilon Delta
Thu Jan 11, 2018 2:29 pm
Forum: Personal Consumer Issues
Topic: Which Car To Keep
Replies: 25
Views: 1345

Re: Which Car To Keep

redhawkwatch wrote:
Thu Jan 11, 2018 1:29 pm
If we keep both it will be a crowded driveway and at least one will just sit around, never driven
When is your oldest due to learn to drive?
by Epsilon Delta
Thu Jan 11, 2018 2:24 pm
Forum: Personal Consumer Issues
Topic: Help choosing a hatchback- civic, golf, prius and Volvo V60
Replies: 40
Views: 2095

Re: Love my Prius V

I love my Prius V. It's not as big as a real SUV, but enough room for 2 strollers. If I put down the back seats, I can fit a couple of bikes in the back. If mileage and carbon footprint are an issue, this is a great choice. If they want maximum room and acceleration, look elsewhere. The same can be...
by Epsilon Delta
Thu Jan 11, 2018 2:07 pm
Forum: Personal Consumer Issues
Topic: Help with what to do with drafty fireplace
Replies: 26
Views: 1281

Re: Help with what to do with drafty fireplace

This may be a little dull but...how do you seal it? I have a non working fireplace with a similar problem. I would love to know how I could seal it up. If you want to seal it permanently I'd suggest drywall and great-stuff (expanding foam). If you block the flue you want to do it in such a way that...