Search found 6967 matches

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: 10
Views: 496

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: 10
Views: 496

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: 437

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: 2
Views: 155

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: 917

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: 437

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: 76
Views: 3961

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: 76
Views: 3961

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: 1316

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: 1316

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: 74
Views: 9769

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: 592

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: 70
Views: 3566

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: 10
Views: 496

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: 346

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: 1380

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: 6778

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: 1656

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: 722

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: 5296

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: 1135

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: 2341

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: 76
Views: 3961

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: 1266

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: 2507

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: 2341

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: 6062

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: 376

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: 963

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: 3821

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...
by Epsilon Delta
Mon Feb 12, 2018 1:25 pm
Forum: Investing - Help with Personal Investments
Topic: Emergency fund question - 3 vs 6 months and should I lower my 401k contribution to get there...
Replies: 74
Views: 3019

Re: Emergency fund question - 3 vs 6 months and should I lower my 401k contribution to get there...

However even if you pay zero income taxes refundable tax credits you could still not have a zero marginal rate . Decreasing taxable income may still be beneficial if it increases refundable credits. For example it in some cases it can be worthwhile to use a deductible IRA or 401(k) to reduce taxabl...
by Epsilon Delta
Mon Feb 12, 2018 11:23 am
Forum: Investing - Help with Personal Investments
Topic: Emergency fund question - 3 vs 6 months and should I lower my 401k contribution to get there...
Replies: 74
Views: 3019

Re: Emergency fund question - 3 vs 6 months and should I lower my 401k contribution to get there...

In the OPs case I would not contribute to 401k past the match since he pays no federal income taxes based on his income and family situation. He’s volunteering to potentially paying taxes later while forgoing guaranteeing not paying taxes now. Interesting point, so do I take the 10% I am paying ove...
by Epsilon Delta
Mon Feb 12, 2018 11:02 am
Forum: Investing - Help with Personal Investments
Topic: 1099-DIV does not equal income dividends?
Replies: 8
Views: 1128

Re: 1099-DIV does not equal income dividends?

Short term capital gains distributions are included as "ordinary dividends" on a 1099.

You also need to look at any foreign tax payed. Any foreign tax paid in box 6 needs to be added to distributed dividends to arrive at box 1.
by Epsilon Delta
Mon Feb 12, 2018 9:57 am
Forum: Personal Finance (Not Investing)
Topic: How will underpayment (Fed tax) be determined for 2018 taxes?
Replies: 2
Views: 332

Re: How will underpayment (Fed tax) be determined for 2018 taxes?

I have not heard of any changes to the safe harbor rules. On the other hand some times when withholding tables have been changed the IRS has granted penalty waivers (as a matter of administrative grace) to taxpayers who were under-withheld solely because changes to the withholding tables. IIRC the w...
by Epsilon Delta
Mon Feb 12, 2018 9:19 am
Forum: Personal Finance (Not Investing)
Topic: Accidental Rollover of after tax contributions to a traditional IRA (thread 2)
Replies: 2
Views: 179

Re: Accidental Rollover of after tax contributions to a traditional IRA (thread 2)

I think you have the concept down. Although you'd want to carry the basis from line 2 and 3 to line 14 as well. However, if you read the list of reasons to complete part I of form 8606 (and which are repeated in a little more detail in the 8606 instructions) none of them say "Rollover basis from a 4...
by Epsilon Delta
Mon Feb 12, 2018 12:35 am
Forum: Investing - Theory, News & General
Topic: Paying 1 tax payment on a Roth conversion--using IRS Direct.
Replies: 5
Views: 520

Re: Paying 1 tax payment on a Roth conversion--using IRS Direct.

You can make one large payment in the first quarter rather dividing it into than four equal payments for the four quarter. The descriptions of the safe harbors don't cover this but if you want to work through form 2210 (underwithholding penalties) you'll find any excess payment in one quarter is car...
by Epsilon Delta
Sun Feb 11, 2018 10:02 pm
Forum: Personal Consumer Issues
Topic: Are Password Managers Really Necessary?
Replies: 129
Views: 7016

Re: Are Password Managers Really Necessary?

t's also better to not re-use the same password across all sites, since if someone gains access to one account, they could in theory gain access to all the other ones. Isn't that exactly what a password manager does though ? First of all a password manager does not have a password. It has an encryp...
by Epsilon Delta
Sun Feb 11, 2018 9:39 pm
Forum: Personal Finance (Not Investing)
Topic: What criteria warrants a need for Living Revocable Trust?
Replies: 67
Views: 6126

Re: What criteria warrants a need for Living Revocable Trust?

Note that a trust can also die (be terminated), so you still have to pay a certain amount of attention over long periods of time if you designate somebody else's trust as a beneficiary.
by Epsilon Delta
Sun Feb 11, 2018 8:51 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Backdoor Roth question
Replies: 5
Views: 413

Re: Vanguard Backdoor Roth question

Vanguard IRA to Vanguard Roth IRA Conversion Form 5. Account to receive your converted assets Option B. Convert assets into a new Vanguard Roth IRA and allocate to the same funds being converted in Section 4. All fund choices and allocations will remain the same. Option C. Convert assets into a new...
by Epsilon Delta
Sun Feb 11, 2018 8:38 pm
Forum: Investing - Theory, News & General
Topic: How does one emotionally keep it together during market swings?
Replies: 70
Views: 4055

Re: How does one emotionally keep it together during market swings?

Don't look so often. It's easier to deal with emotions once a year or once a quarter when you rebalance on schedule rather than continually. You do not have to construct a spreadsheet to update your net worth in real time. You do not need to remember what the DOW was yesterday, let alone what the pe...
by Epsilon Delta
Sun Feb 11, 2018 7:47 pm
Forum: Personal Consumer Issues
Topic: Potentiometer for motor speed control- any electrical engineers around?
Replies: 40
Views: 2341

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

I (and others) would be curious to know the reason for the requirements. Nonetheless, this part, while not cheap at $76, should do the job: https://www.digikey.com/product-detail/en/ohmite/RJS6R0E/RJS6R0E-ND/824085 Note - this is a 6 ohm part. I would have chosen a 2 ohm, but the lead time is 16 we...
by Epsilon Delta
Sun Feb 11, 2018 6:19 pm
Forum: Personal Consumer Issues
Topic: officiate a marriage
Replies: 13
Views: 908

Re: officiate a marriage

http://www.jdbar.com/Statutes/DRL-11/drl-11.html 4. A written contract of marriage signed by both parties and at least two witnesses, all of whom shall subscribe the same within this state, stating the place of residence of each of the parties and witnesses and the date and place of marriage, and ac...
by Epsilon Delta
Sun Feb 11, 2018 5:37 pm
Forum: Personal Consumer Issues
Topic: Mesh wifi solution sought for new house
Replies: 45
Views: 2120

Re: Mesh wifi solution sought for new house

Epsilon Delta, you must have missed the part about interior fieldstone walls in this 3 story main building. 3db signal reduction? From your lips to the ears of the great electrician in the sky, but I’m convinced that one single router has zero chance, even in the ma8n build8ng, much less than to th...
by Epsilon Delta
Sun Feb 11, 2018 5:12 pm
Forum: Personal Consumer Issues
Topic: Potentiometer for motor speed control- any electrical engineers around?
Replies: 40
Views: 2341

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

Digikey or any other electronics supplier. A 0-10Ohm 50W rheostat should do the job and are available. (I'm guessing on the Ohms and Wattage, I think I'm being conservative here but not sure). Any such rheostat will probably be larger than you want and may be disturbingly expensive. You say you can'...
by Epsilon Delta
Sun Feb 11, 2018 4:55 pm
Forum: Investing - Help with Personal Investments
Topic: IRA Roth conversion in Mutual Fund account and 1099
Replies: 3
Views: 240

Re: IRA Roth conversion in Mutual Fund account and 1099

You are way overthinking this. What is a rollover and what is not a rollover is basically meaningless. There is not a global definition of "rollover", and being a rollover does not determine how it is taxed or reported. Things are rollovers because some random clause of the tax code says they are. T...
by Epsilon Delta
Sun Feb 11, 2018 3:09 pm
Forum: Personal Consumer Issues
Topic: Mesh wifi solution sought for new house
Replies: 45
Views: 2120

Re: Mesh wifi solution sought for new house

Toons, I'm trying to avoid using them as "range extenders," with the resulting speed degradation. Your house is 1500 SF; I don't know precisely what my new one is, but it's at least 5000SF, with a lot of fieldstone walls. I don't think that range extenders will do it. 5000SF is not that much bigger...
by Epsilon Delta
Sun Feb 11, 2018 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: How to handle excess Roth IRA contributions
Replies: 1
Views: 184

Re: How to handle excess Roth IRA contributions

Everything you say makes sense. The tax cost of just withdrawing everything would be that tax on the earnings on the allowed contribution. You should be able to put an upper limit on this. Say you use VTI which is up 20% for 2017 and a 33% marginal rate. So < $400 * 20% * 33% = $26. Use your own tax...
by Epsilon Delta
Sun Feb 11, 2018 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: Replacement for Google Finance price quote function
Replies: 45
Views: 4273

Re: Replacement for Google Finance price quote function

From my experience programming and in quality control I would say these are the type of things that really should be encapsulated in a visual basic function (or google app srcript). That way the main spreadsheet contains many lines like MYGETQUOTE( "VTI" ) and you can more easily change the web scra...
by Epsilon Delta
Sun Feb 11, 2018 5:02 am
Forum: Personal Finance (Not Investing)
Topic: Yes, one is required to use the tax tables. So plan wisely to save a few dollars
Replies: 23
Views: 3452

Re: Yes, one is required to use the tax tables. So plan wisely to save a few dollars

If you're completing all of part I of form 8606 you can decide how many decimal places to use on line 10.
You could also try doing the forms with and without rounding.
by Epsilon Delta
Sat Feb 10, 2018 2:42 pm
Forum: Personal Consumer Issues
Topic: Another tire question - rotation for low mileage?
Replies: 15
Views: 988

Re: Another tire question - rotation for low mileage?

When you have your brakes inspected tire rotation usually comes for free or a very small fee, depending on your mechanic.
Typically the schedule for brake inspections is enough with modern tires, which may last 50k miles. You don't need to rotate every 5k miles anymore.