Search found 6987 matches

by Epsilon Delta
Tue Feb 20, 2018 2:54 am
Forum: Investing - Help with Personal Investments
Topic: Rollover a Pension into Roth IRA or Traditional IRA?
Replies: 19
Views: 1047

Re: Rollover a Pension into Roth IRA or Traditional IRA?

I'm not sure what you mean by "pension offer". The pension is simply the amount that had accrued in the pension during my employment. That former employer stopped offering pension plans at some time while I was there, but I was already vested. They recently sent me a letter and advised that I can l...
by Epsilon Delta
Mon Feb 19, 2018 1:12 pm
Forum: Investing - Help with Personal Investments
Topic: IRA mess
Replies: 5
Views: 654

Re: IRA mess

Obviously can’t predict the future, but I would expect that I will have 401K option in the future and if allowed would transfer rollover ira to 401k Is there some strategy to transfer non-deductible tIRA to 401k? No, a 401k cannot accept the non-deductible part of a tIRA. The strategy is to move th...
by Epsilon Delta
Mon Feb 19, 2018 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: TaxSlayer backdoor Roth IRA help
Replies: 8
Views: 521

Re: TaxSlayer backdoor Roth IRA help

I am not sure what is going on. But I am quite certain entering a different value on form 1099-R is not the correct approach. The IRS will receive a copy of the 1099-R and you cannot edit the IRS's copy, so giving your tax software the wrong value will cause a mismatch and there is a good chance the...
by Epsilon Delta
Mon Feb 19, 2018 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: what is marginal tax rate?
Replies: 23
Views: 1666

Re: what is marginal tax rate?

Effective marginal tax rate : This is the only tax rate that really matters . And it matters a lot. It is defined as the actual net taxes paid on the last dollar of income earned in a year after accounting for phase ins and outs of credits. It is this number that will help you determine Roth vs Tra...
by Epsilon Delta
Mon Feb 19, 2018 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: Misc Income [how to report with no 1099]
Replies: 37
Views: 1277

Re: Misc Income [how to report with no 1099]

I tried the schedule C as freelancer... But holy cow, it took $500 off my refund!?!? A $500 tax hit for $1200 of misc income?!? does that seem right? 42%. That could be right. It will often be 15.3% self-employment tax plus your marginal tax rate. If your earned income (wages plus the $1200 self em...
by Epsilon Delta
Mon Feb 19, 2018 11:56 am
Forum: Personal Finance (Not Investing)
Topic: Misc Income [how to report with no 1099]
Replies: 37
Views: 1277

Re: Misc Income [how to report with no 1099]

I tried the schedule C as freelancer... But holy cow, it took $500 off my refund!?!? A $500 tax hit for $1200 of misc income?!? does that seem right? 42%. That could be right. It will often be 15.3% self-employment tax plus your marginal tax rate. If your earned income (wages plus the $1200 self em...
by Epsilon Delta
Mon Feb 19, 2018 11:44 am
Forum: Investing - Help with Personal Investments
Topic: Married Filing Separately - Recharacterize Roth IRA to nondeductible Traditional and then convert to Roth?
Replies: 7
Views: 538

Re: Married Filing Separately - Recharacterize Roth IRA to nondeductible Traditional and then convert to Roth?

Can anyone shed some light on the timeline we should expect on this? Hoping to file by the end of the month - does that sound realistic for re-characterizing and then converting and getting whatever the proper tax forms are? Yes, you should be able to get the re-characterization done in a week or l...
by Epsilon Delta
Mon Feb 19, 2018 11:12 am
Forum: Personal Finance (Not Investing)
Topic: Back door roth, HR Block inaccuracy?
Replies: 4
Views: 248

Re: Back door roth, HR Block inaccuracy?

:twisted: :twisted: :twisted: So what did H&R block put on line 14? If they just follow the instructions on the form it should be -1. There is nothing on form 8606 or line by line instructions that prevents a negative number here, and the IRS is usually careful to spell out "if less than zero enter ...
by Epsilon Delta
Mon Feb 19, 2018 10:49 am
Forum: Personal Finance (Not Investing)
Topic: Turbotax help, Backdoor Roth IRA but originally made mistake
Replies: 6
Views: 405

Re: Turbotax help, Backdoor Roth IRA but originally made mistake

Matter of fact, you can do the conversion of the 2017 funds now, but if you do, be sure to complete your contribution and conversion of 2018 funds before year end, so that your traditional IRA has a $0 balance on 12/31/18. While that's a good idea, even if he makes the 2018 contribution in 2018 and...
by Epsilon Delta
Mon Feb 19, 2018 10:24 am
Forum: Personal Consumer Issues
Topic: Do you wear a wedding band? [at a job interview]
Replies: 125
Views: 6742

Re: Do you wear a wedding band? [at a job interview]

I wore a wedding ring most of the time I was outside the house. Like some others some work sites or duties prohibited a ring (or made wearing one a bad idea). I had a small carabiner on my key chain to park it, rather the way some use a necklace but necklaces (and neckties) were also banned in some ...
by Epsilon Delta
Mon Feb 19, 2018 10:02 am
Forum: Investing - Help with Personal Investments
Topic: Roth conversions to shrink RMDs
Replies: 15
Views: 989

Re: Roth conversions to shrink RMDs

There's also a five year rule that taxes roth conversions, even if the original owner passes away before satisfying the time period. I believe it only covers earnings, but it wasn't clear to me in my research. There are two different five year rules. Since the person referred to by the OP is over 5...
by Epsilon Delta
Mon Feb 19, 2018 9:52 am
Forum: Investing - Help with Personal Investments
Topic: Reinvesting RMDs
Replies: 18
Views: 2053

Re: Reinvesting RMDs

No problem whatsoever. Wash sale complexities come into play when you sell from taxable and incurr a loss. If you sell from deferred buy taxable as you propose, then later (within 30 days) sell from taxable and incur a loss: well, that's a different story. Is it also a wash sale if you sell taxable...
by Epsilon Delta
Mon Feb 19, 2018 9:46 am
Forum: Investing - Help with Personal Investments
Topic: Reinvesting RMDs
Replies: 18
Views: 2053

Re: Reinvesting RMDs

The reasoning is circular. You can't use a my share/their share to do the math until you have done the math to establish that my/their is a valid model. If people want to use it as a mnemonic to remember how it comes out, I guess there is nothing terrible about that, but it is a result and not a pr...
by Epsilon Delta
Mon Feb 19, 2018 9:32 am
Forum: Investing - Theory, News & General
Topic: Help needed to choose Vanguard EU based ETFS
Replies: 18
Views: 853

Re: Help needed to choose Vanguard EU based ETFS

but IB is asking me to open an account in their UK office, which is still in the EU. What does make IB broker non-EU so? With Brexit there are lots of moving parts. I would not make long term plans on any issue that can be punted for a year or two. I would probably avoid putting myself between the ...
by Epsilon Delta
Mon Feb 19, 2018 9:16 am
Forum: Investing - Help with Personal Investments
Topic: Rollover a Pension into Roth IRA or Traditional IRA?
Replies: 19
Views: 1047

Re: Rollover a Pension into Roth IRA or Traditional IRA?

You need to consider whether it is better to take the money or stay in the pension. It is possible that your former employer is trying to buy you out cheaply. At the least you should know what pension rights have been accrued so you can evaluate if $30k is anywhere near a fair offer. Also you alread...
by Epsilon Delta
Mon Feb 19, 2018 1:44 am
Forum: Personal Finance (Not Investing)
Topic: Looking for some help and fast (buying vs renting, net worth)
Replies: 44
Views: 2218

Re: Looking for some help and fast (buying vs renting, net worth)

I started doing the calcs in excel. Turns out there are a lot of variables to see who gets ahead over the 30 years, stock returns, interest rates, fluctuating rent and housing prices, cost basis and taxes. One year will make a small difference that any changes in these variables can swing it either...
by Epsilon Delta
Sun Feb 18, 2018 11:24 pm
Forum: Personal Consumer Issues
Topic: Cooling an Upstairs Bedroom
Replies: 9
Views: 1028

Re: Cooling an Upstairs Bedroom

It is not clear what climate you have or whether you have a whole house AC that does not serve the bedroom well. But I'll assume you have no AC and opening the windows does not help. There are portable AC units that just stick a snorkel out the window rather than sitting in the opening. These may or...
by Epsilon Delta
Sun Feb 18, 2018 11:11 pm
Forum: Personal Finance (Not Investing)
Topic: Looking for some help and fast (buying vs renting, net worth)
Replies: 44
Views: 2218

Re: Looking for some help and fast (buying vs renting, net worth)

I have to vote for A. There is no way the principle payment for B is greater than the $2,250 that A is saving, even if you figure in tax deductions for interest and property taxes. A also gets some earnings because he holds on to any down payment.. The only way B can come out ahead is there is rapid...
by Epsilon Delta
Sun Feb 18, 2018 3:33 pm
Forum: Investing - Help with Personal Investments
Topic: Over 55 does contributing to a Roth 401K make sense based on new Tax Brackets
Replies: 25
Views: 1789

Re: Over 55 does contributing to a Roth 401K make sense based on new Tax Brackets

To a first approximation contributing $X directly to a Roth; and contributing $X to a deductible 401(k) while converting $X from a tIRA to a Roth are the same. There are secondary differences if you have to take money out before age 59.5, and there are often practical differences based on whether a ...
by Epsilon Delta
Sun Feb 18, 2018 3:06 pm
Forum: Personal Consumer Issues
Topic: Question for music experts about musical keys
Replies: 84
Views: 4473

Re: Question for music experts about musical keys

Notice that for a 12 tone scale each semi-tone is 6% (the 12th root of 2 is 1.0594) higher than the one below it. If you play a recording 6% fast each note will play as the next one up. If I am not in error this will convert something in the key of C-major into the key of F#-major. Why F#? If you r...
by Epsilon Delta
Sun Feb 18, 2018 1:28 am
Forum: Personal Finance (Not Investing)
Topic: Can I reverse a Roth -> Trad IRA Recharacterization?
Replies: 11
Views: 623

Re: Can I reverse a Roth -> Trad IRA Recharacterization?

OP is asking if the recharacterization he just did can be re characterized again, as a Roth contribution. The answer is No, it cannot. Are we sure about this? All the summaries of the tax reform talk about not being able to go from Traditional-to-Roth-back to Traditional anymore: Quite sure. The ru...
by Epsilon Delta
Sun Feb 18, 2018 1:05 am
Forum: Personal Finance (Not Investing)
Topic: Can I reverse a Roth -> Trad IRA Recharacterization?
Replies: 11
Views: 623

Re: Can I reverse a Roth -> Trad IRA Recharacterization?

OP is asking if the recharacterization he just did can be re characterized again, as a Roth contribution. The answer is No, it cannot. Are we sure about this? All the summaries of the tax reform talk about not being able to go from Traditional-to-Roth-back to Traditional anymore: Quite sure. The ru...
by Epsilon Delta
Sun Feb 18, 2018 12:17 am
Forum: Investing - Help with Personal Investments
Topic: Possible messy Roth recharacterization on the horizon
Replies: 7
Views: 470

Re: Possible messy Roth recharacterization on the horizon

If you're almost done with this year's contribution, you can ask the custodian to recharacterize it to traditional, then make further contributions to traditional. Do not do this now. The decision to recharacterize is final and irreversible. It should not be made before you are certain you want to ...
by Epsilon Delta
Sun Feb 18, 2018 12:07 am
Forum: Personal Finance (Not Investing)
Topic: Include 1099R for direct rollover in 2017 1040?
Replies: 8
Views: 414

Re: Include 1099R for direct rollover in 2017 1040?

In 2017, I did a direct rollover of my 401k to an IRA. Recently, I received a 1099R which shows the gross amount, and zero tax owing (due to direct rollover). Do I include this 1099 into my Turbo Tax filing? With no tax owing, it's a bit frightening that it shows this large amount (high six figures...
by Epsilon Delta
Sun Feb 18, 2018 12:02 am
Forum: Investing - Help with Personal Investments
Topic: When is the best time to contribute to an IRA?
Replies: 7
Views: 975

Re: When is the best time to contribute to an IRA?

Another factor just occurred to me. In a couple years I will need to begin filing the FAFSA for college financial aid each year in October. Sufficient unto the day is the evil thereof. In a couple of years the tax laws might have changed, the FAFSA might have changed, your kid might get a full scho...
by Epsilon Delta
Sat Feb 17, 2018 11:39 pm
Forum: Investing - Help with Personal Investments
Topic: Possible messy Roth recharacterization on the horizon
Replies: 7
Views: 470

Re: Possible messy Roth recharacterization on the horizon

It seems that dollar-cost-averaging into an existing account could really complicate this according to what I've seen of the recharacterization instructions. I'm wondering if we should stop contributions to the old accounts and start up new Roth accounts to receive the remaining 2018 contributions....
by Epsilon Delta
Sat Feb 17, 2018 8:27 pm
Forum: Personal Consumer Issues
Topic: Question for music experts about musical keys
Replies: 84
Views: 4473

Re: Question for music experts about musical keys

I interpret tempo and pitch to mean BPM and Key respectively. The terms "pitch" and "key" refer two different things, though related. Pitch is the highness or lowness of a note or tone. Pitch can be measured in hertz. For example middle C is 256 Hz. On a string instrument when a C string is plucked...
by Epsilon Delta
Sat Feb 17, 2018 8:21 pm
Forum: Personal Consumer Issues
Topic: Question for music experts about musical keys
Replies: 84
Views: 4473

Re: Question for music experts about musical keys

is it "easier" to learn to play electric guitar than an acoustic guitar? It is easier to learn to play electric because you can use earphones. Fewer things will be thrown at you. If only electric violins where more common. Bagpipes too, although I'm of the opinion bagpipes should be electrified rat...
by Epsilon Delta
Sat Feb 17, 2018 7:44 pm
Forum: Investing - Help with Personal Investments
Topic: Substantially Equal Periodic Payments (Funding Early Retirement)
Replies: 17
Views: 1363

Re: Substantially Equal Periodic Payments (Funding Early Retirement)

The Roth conversion ladder does not appear useful for most people. Even if you plan for the separation, converting before you separate will likely cause the taxes due for the conversion to be higher than your tax rate in retirement, meaning that the conversions will cost too much. Therefore, the be...
by Epsilon Delta
Sat Feb 17, 2018 7:19 pm
Forum: Investing - Help with Personal Investments
Topic: Substantially Equal Periodic Payments (Funding Early Retirement)
Replies: 17
Views: 1363

Re: Substantially Equal Periodic Payments (Funding Early Retirement)

In case you didn't know already, note that SEPP does not work well with Roth accounts. The reason that Roth accounts are rarely included in the SEPP is that it is generally harmful to draw down your Roth IRA at a time when you are not working. Roth accounts are typically the last accounts you tap. ...
by Epsilon Delta
Sat Feb 17, 2018 5:51 pm
Forum: Personal Finance (Not Investing)
Topic: Doctor wants Social Security number
Replies: 78
Views: 10522

Re: Doctor wants Social Security number

BUT, then you see the real life policy lack of common sense , where people's SS# is basically their Medicare#? Someone in a position of authority couldn't make a common sense thought? The real lack of common sense was when somebody decided Social Security Numbers where secret. At one time SSN was p...
by Epsilon Delta
Sat Feb 17, 2018 5:16 pm
Forum: Investing - Help with Personal Investments
Topic: How to check if a 1099R was sent to the IRS?
Replies: 3
Views: 626

Re: How to check if a 1099R was sent to the IRS?

Can you get the 403B vendor to put it in writing? If not you could write up a recap of what you think was discussed and send it to them, creating a paper trail. Personally I think waiting to file is probably more trouble than just filing when you're ready. Deal with the IRS if they send you a notice...
by Epsilon Delta
Fri Feb 16, 2018 12:52 pm
Forum: Personal Consumer Issues
Topic: Should I be paying $1300/yr. for under/uninsured motorist protection?
Replies: 74
Views: 4022

Re: Should I be paying $1300/yr. for under/uninsured motorist protection?

There are a good many ways to become permanently disabled. Only a few of them involve uninsured motorists. You could insure against most of them with a disability policy or only a few.

I have seen nothing in this thread that this policy is different in any way dread disease insurance.
by Epsilon Delta
Thu Feb 15, 2018 10:17 pm
Forum: Personal Finance (Not Investing)
Topic: Can I reverse a Roth -> Trad IRA Recharacterization?
Replies: 11
Views: 623

Re: Can I reverse a Roth -> Trad IRA Recharacterization?

pub 590A wrote: Election cannot be changed.

After the transfer has taken place, you cannot change your election to recharacterize.
by Epsilon Delta
Thu Feb 15, 2018 7:12 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes for 2018 recharacterization of 2017 Roth conversion
Replies: 3
Views: 365

Re: Taxes for 2018 recharacterization of 2017 Roth conversion

Is Vanguard Target Retirement 2030 Fund the only thing in your Roth?

Have you made any other contributions to or withdrawals from the Roth between the conversion and the recharacterization?

Either of these would affect the earnings calculation.
by Epsilon Delta
Thu Feb 15, 2018 3:20 pm
Forum: Personal Consumer Issues
Topic: Keep crows off of chimney caps
Replies: 29
Views: 1402

Re: Keep crows off of chimney caps

I'm less bothered by the nesting than the banging, which the spikes would seem to impede, but maybe I'll talk to the extension office here to see if they have suggestions. Then one possibility is to replace the metal chimney caps with ceramic ones. You could also put a wooden perch above the sheet ...
by Epsilon Delta
Thu Feb 15, 2018 3:10 pm
Forum: Investing - Theory, News & General
Topic: Wisdom of Bitcoin
Replies: 90
Views: 6801

Re: Wisdom of Bitcoin

GPUs are general purpose devices and could be used on any highly parallizable computation, weather forecasting, simulating the formation of galaxies, even generating CGI movies. The list is very large. You could do many of these with the cards in situ. On the other hand there are very few uses for c...
by Epsilon Delta
Thu Feb 15, 2018 2:08 am
Forum: Personal Consumer Issues
Topic: Digital alarm clock suggestions?
Replies: 26
Views: 1688

Re: Digital alarm clock suggestions?

e) Some easy-to-interpret AM/PM indicator that doesn't require me to remember at night that the bright dot means "AM" when I can't see the unlit "AM" label. (Believe it or not, the Emerson overloads a single LED to mean both "before noon" and "AM radio band.") Use the 24 hour setting, like all sane...
by Epsilon Delta
Thu Feb 15, 2018 1:30 am
Forum: Personal Finance (Not Investing)
Topic: Please Check my W-4 Strategy
Replies: 5
Views: 738

Re: Please Check my W-4 Strategy

I believe the TCJA changed the supplemental withholding rate on bonuses less than $ 1 million to 22% instead of 25%. I have also seen some reports that it changed to something else, but I'll go with the numbers in Pub 15
by Epsilon Delta
Thu Feb 15, 2018 1:09 am
Forum: Personal Consumer Issues
Topic: Unfinished basement ideas
Replies: 41
Views: 5312

Re: Unfinished basement ideas

While I'd usually a minimalist for basements, if kids are going to be playing down there I'd seriously consider walling in the mechanicals (furnace and water heater). I'd probably make that enclosure a little bigger than needed so I had a safe space to store breakables like storm windows and flower ...
by Epsilon Delta
Thu Feb 15, 2018 12:48 am
Forum: Investing - Theory, News & General
Topic: Why do American Funds hold so much cash?
Replies: 8
Views: 1148

Re: Why do American Funds hold so much cash?

There are also reasons funds report holding cash but do not act like they hold cash. The first is security lending. Collateral for loaned securities is usually cash. This leads to a gross cash position. The gross position is reported, although the net cash position is essentially zero (the collatera...
by Epsilon Delta
Thu Feb 15, 2018 12:11 am
Forum: Personal Consumer Issues
Topic: Potentiometer for motor speed control- any electrical engineers around?
Replies: 40
Views: 2359

Re: Potentiometer for motor speed control- any electrical engineers around?

It appears that the rheostat is to be adjusted to a single value and left there. If that is the case once he knows the resistance that is needed the rheostat can be replaced by a fixed resistor or resistors. That might allow greater design flexibility, since fixed resistors are usually smaller and ...
by Epsilon Delta
Tue Feb 13, 2018 6:20 pm
Forum: Personal Consumer Issues
Topic: Question for music experts about musical keys
Replies: 84
Views: 4473

Re: Question for music experts about musical keys

There is also musical tradition. A musician sees a certain key and thinks "that should be melancholic" so he plays it that way. And then the people listening to him learn the same thing.
by Epsilon Delta
Tue Feb 13, 2018 5:34 pm
Forum: Investing - Help with Personal Investments
Topic: RMD Two in One Year
Replies: 15
Views: 1271

Re: RMD Two in One Year

Selling the house could result in taxable capital gains in 2018, which could favor avoiding other income in 2018. Given the home sale exclusion It's not likely, but it is possible.
by Epsilon Delta
Tue Feb 13, 2018 3:13 pm
Forum: Investing - Help with Personal Investments
Topic: rmd disaster
Replies: 23
Views: 2520

Re: rmd disaster

THANKS AGAIN It looks like they purchased a tsa with my 401k money following plan rules. I will ask if this is reversible the plan rules look very murky when talking about filling out vanguard forms when getting to age 70 1/2 So the "if we buy an annuity if we don't hear from you" is a rule in your...
by Epsilon Delta
Tue Feb 13, 2018 2:52 pm
Forum: Personal Consumer Issues
Topic: Potentiometer for motor speed control- any electrical engineers around?
Replies: 40
Views: 2359

Re: Potentiometer for motor speed control- any electrical engineers around?

It appears that the rheostat is to be adjusted to a single value and left there. If that is the case once he knows the resistance that is needed the rheostat can be replaced by a fixed resistor or resistors. That might allow greater design flexibility, since fixed resistors are usually smaller and b...
by Epsilon Delta
Tue Feb 13, 2018 12:08 am
Forum: Personal Finance (Not Investing)
Topic: IRS Form 8606 (Nondeductible IRAs)
Replies: 53
Views: 6108

Re: IRS Form 8606 (Nondeductible IRAs)

Or payback for passing tax bills on Dec 22.
by Epsilon Delta
Tue Feb 13, 2018 12:05 am
Forum: Investing - Help with Personal Investments
Topic: Gut check on Roth Re-categorization + Taxes + Back Door Roth
Replies: 4
Views: 379

Re: Gut check on Roth Re-categorization + Taxes + Back Door Roth

- Report that I recategorize my IRA contribution in Turbo tax for my 2017 return so I don't get dinged by the IRS This should include a 2017 form 8606 to report the non-deductible contribution. - Wait until I file my 2018 tax return to report the Backdoor Roth via 1099-R (my broker said they wouldn...
by Epsilon Delta
Mon Feb 12, 2018 11:50 pm
Forum: Personal Finance (Not Investing)
Topic: Schedule B Interest Question
Replies: 14
Views: 998

Re: Schedule B Interest Question

Maybe I'm being dense, but I don't think anyone's addressed my question. Let's say Box 1 contains a value of $200, and Box 3 contains a value of $100. Do I make a single $300 entry on Schedule B for the payer, or do I make one $100 entry and one $200 entry, or does it not matter? $300, because Repo...
by Epsilon Delta
Mon Feb 12, 2018 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: Going Paperless Issues
Replies: 68
Views: 3878

Re: Going Paperless Issues

My wife and I are trying to go completely paperless for our bills and payments and all our expenses. Why? That is not a rhetorical question. What you are trying to achieve should affect the answers to the rest of you questions. If you are perepetatic snail mail may not be useful, so it could make s...