Search found 7490 matches

by Epsilon Delta
Tue Jan 22, 2019 12:37 am
Forum: Investing - Help with Personal Investments
Topic: First time doing Taxes after opening Roth IRA - Which Turbo Tax?
Replies: 7
Views: 500

Re: First time doing Taxes after opening Roth IRA - Which Turbo Tax?

Even if a properly made Roth contribution does not show up on the tax return a tax preparer or tax program should still ask if you made a contribution. It may interact with the tax return in a number of ways. You could be above the AGI limit and have to report an excess contribution. You could be el...
by Epsilon Delta
Mon Jan 21, 2019 3:55 pm
Forum: Personal Consumer Issues
Topic: Where to buy CR2032 batteries?
Replies: 42
Views: 2687

Re: Where to buy CR2032 batteries?

At CVS a CR2032 is about $3.75 a pop. At digikey (as an example) they are about $0.31 each. If you buy enough (and this can include other items) to amortize the essentially fixed shipping cost there are significant savings to be had by using a reputable on-line supplier. Also you don't have to chang...
by Epsilon Delta
Mon Jan 21, 2019 1:36 am
Forum: Personal Finance (Not Investing)
Topic: Roth IRA exclusion limit
Replies: 4
Views: 479

Re: Roth IRA exclusion limit

You tell the custodian you want to recharacterize $5,500 (the amount of the original contribution). They will calculate the gains or losses up to the date they move the money. They might transfer $5,200 or it might be some other amount. Both because there may be additional market moves between now a...
by Epsilon Delta
Mon Jan 21, 2019 1:21 am
Forum: Personal Consumer Issues
Topic: Where to buy CR2032 batteries?
Replies: 42
Views: 2687

Re: Where to buy CR2032 batteries?

Digikey.

It's best if you want a couple of dozen or more assorted items otherwise the fixed shipping fee means their only slightly cheaper than Sams
by Epsilon Delta
Mon Jan 21, 2019 1:04 am
Forum: Personal Consumer Issues
Topic: Grocery shopping strategy
Replies: 107
Views: 5427

Re: Grocery shopping strategy

Since you are already in Target buying diapers you should at least look around. I find they have a few "market pantry" items that are of good quality and better prices than comparable items in other stores. Once you know what you want It takes little extra time to detour through a few food aisles on...
by Epsilon Delta
Sun Jan 20, 2019 7:49 pm
Forum: Investing - Theory, News & General
Topic: IRS Form 8606
Replies: 14
Views: 1273

Re: IRS Form 8606

Sorry I mistated. I was thinking about Part I when I said you didn't need the 8606 for a conversion if there is no basis. You do need a part II, which is a much simpler calculation.
by Epsilon Delta
Sun Jan 20, 2019 2:30 am
Forum: Personal Finance (Not Investing)
Topic: How to Treat "Negative" Basis in Nondeductible IRA
Replies: 55
Views: 2993

Re: How to Treat "Negative" Basis in Nondeductible IRA

retiredjg wrote:
Sat Aug 18, 2018 8:59 am
On Form 8606, basis is listed on line 14. Can anyone, with or without software, figure out how to generate a negative number on that line?
Take your pencil, write a left parenthesis, then a few digits and finally a right parenthesis. Messing up is unbelievably easy.
by Epsilon Delta
Sat Jan 19, 2019 3:49 pm
Forum: Personal Consumer Issues
Topic: Used electric car - a good deal?
Replies: 28
Views: 1529

Re: Used electric car - a good deal?

During the winter time, the range is noticeably decreased (maybe by 10 or 20%? It's hard to be sure). This is partially due to the energy cost of running the heater to defog the windshield, but I don't think it is entirely explained by that... Air at 32F is about 10% denser than air at 80F. At lowe...
by Epsilon Delta
Sat Jan 19, 2019 2:52 pm
Forum: Investing - Theory, News & General
Topic: IRS Form 8606
Replies: 14
Views: 1273

Re: IRS Form 8606

A related question: I am over 59.5 and my Roth has been funded for over 5 years. I may still do a conversion from traditional IRA, and of course, I may take a distribution. Do I ever need to file another 8606? --vtMaps A qualified distribution from a Roth IRA does not require a form 8606. Since you...
by Epsilon Delta
Sat Jan 19, 2019 1:48 pm
Forum: Investing - Help with Personal Investments
Topic: Very short term cash - where to put it
Replies: 13
Views: 1652

Re: Very short term cash - where to put it

You also need to consider how fast and how easily you can get appropriately certified funds to the closing. Moving the funds early would cut into any interest rate advantage. Moving the funds too late could delay closing which is at least inconvenient and maybe costly. People will say you can wire t...
by Epsilon Delta
Sat Jan 19, 2019 4:28 am
Forum: Investing - Help with Personal Investments
Topic: Savers Credit dilemma
Replies: 18
Views: 1375

Re: Savers Credit dilemma

No, you're not understanding it correctly. At 10% level the maximum credit would be $400.

I suggest you work through form 8880. It's probably as clear as any explanation I can come up with.
by Epsilon Delta
Sat Jan 19, 2019 2:44 am
Forum: Investing - Help with Personal Investments
Topic: Savers Credit dilemma
Replies: 18
Views: 1375

Re: Savers Credit dilemma

So I did a lot of overthinking for nothing. I don't know what I was thinking. You still have a dillema. :twisted: Your AGI is $64.6k. In 2019 the threshold for the 10% credit is $64k so you could pick up $400 of credit with a little more deductible contribution. (Note that to get $400 both you and ...
by Epsilon Delta
Fri Jan 18, 2019 5:56 pm
Forum: Personal Consumer Issues
Topic: NJ EZ-Pass Why a monthly service fee?
Replies: 56
Views: 2624

Re: NJ EZ-Pass Why a monthly service fee?

Rental Cars Should I add my rental car information to my E-ZPass account? Do not add rental car information to your E-ZPass account. However, you can use your E-ZPass Tag in any vehicle of the same class. Please ensure that your E-ZPass Tag is properly mounted as per installation instructions in al...
by Epsilon Delta
Fri Jan 18, 2019 3:50 pm
Forum: Investing - Help with Personal Investments
Topic: Inherited IRA - RMD
Replies: 19
Views: 1362

Re: Inherited IRA - RMD

It depends (at least in part) on when you pay the taxes. If you pay the taxes, via withholding or an estimated payment, when you make the withdrawal it is better to wait. If you pay the taxes at the end of the year it is better to take the withdrawal early. Often (but not always) if you can delay pa...
by Epsilon Delta
Fri Jan 18, 2019 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security work only 1 quarter in a year
Replies: 6
Views: 724

Re: Social Security work only 1 quarter in a year

I am a bit a not standard case with 15 years of high US income (above the social security tax limit in each year) and then no income in the other 20 years. It is not clear if the no income in the other 20 years means "no US income "or "no income anywhere ". If you had foreign earned income that qua...
by Epsilon Delta
Wed Dec 26, 2018 3:42 am
Forum: Personal Finance (Not Investing)
Topic: Are some insurance polcies philosophically similar to gambling?
Replies: 57
Views: 2893

Re: Are some insurance polcies philosophically similar to gambling?

Gambling is not the understanding of risk or the taking of risk.

Gambling is the creation of risk, where no risk existed before.

While understanding and taking risk has greatly improved human existence, gambling has done nothing but add a little transient joy and a great deal of despair.
by Epsilon Delta
Wed Dec 26, 2018 3:37 am
Forum: Personal Finance (Not Investing)
Topic: Never filed 8606 and have rollover question
Replies: 9
Views: 1079

Re: Never filed 8606 and have rollover question

I think 8606 forms need to be filed for each of the years 2012 through 2018. The 2018 conversion will involve a prorata calculation on the 2018 Form 8606 won't it? You don't need a 8606 every year, just the years when you make a non-deductible contribution or a withdrawal or a conversion. From the ...
by Epsilon Delta
Wed Dec 26, 2018 3:08 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard Transfer on Death Question
Replies: 5
Views: 1011

Re: Vanguard Transfer on Death Question

I do not know my beneficiaries SSN. All that is needed for a bequest is reasonably certain identification. Name birthday and relationship are more than adequate in most cases.
by Epsilon Delta
Mon Dec 24, 2018 10:57 am
Forum: Personal Finance (Not Investing)
Topic: Are some insurance polcies philosophically similar to gambling?
Replies: 57
Views: 2893

Re: Are some insurance polcies philosophically similar to gambling?

Gambling increases the variance of the outcome. Insurance decreases the variance of the outcome. How? Gambling I buy 1000 dollars of lottery tickets I have a 1 in 1000 chance of winning If I win I have 100k, If I don't I am out 1000 bucks Life insurance I buy 1000 dollars of life insurance I have a...
by Epsilon Delta
Mon Dec 24, 2018 10:39 am
Forum: Personal Finance (Not Investing)
Topic: 1040 ES - Non-Equal Payments - ok?
Replies: 24
Views: 1183

Re: 1040 ES - Non-Equal Payments - ok?

If you chase the 90% to the penny, then you'll have a problem. If you instead chase a higher percentage (say 100%) of what you expect the current year's total tax to be, then you have some wiggle room and even with some unexpected fourth quarter income, you might find you still met the 90% test. Wh...
by Epsilon Delta
Mon Dec 24, 2018 9:54 am
Forum: Investing - Help with Personal Investments
Topic: Massive losses; what if I die [before offsetting the losses]?
Replies: 55
Views: 7007

Re: Massive losses; what if I die?

I now have massive losses. No one lives forever but at my age and the amount of loss it got me thinking how much if any should I sell at a loss next year? Compare harvesting the losses to not harvesting the losses before you die. Heirs get the date of death basis either way, I don't think it matter...
by Epsilon Delta
Mon Dec 24, 2018 12:09 am
Forum: Personal Finance (Not Investing)
Topic: 1040 ES - Non-Equal Payments - ok?
Replies: 24
Views: 1183

Re: 1040 ES - Non-Equal Payments - ok?

If you pay by mail / check* you do send a 1040-ES to the IRS. But the 1040-ES is just a voucher with your name(s), address and SSN(s) and the amount of the payment. What you don't send to the IRS are the worksheets used to calculate the payment. If you want you can pull the amount out of your hat ra...
by Epsilon Delta
Sun Dec 23, 2018 10:32 pm
Forum: Investing - Help with Personal Investments
Topic: 401K and Roth Question
Replies: 9
Views: 840

Re: 401K and Roth Question

You are missing the phase-out, which is mentioned, but perhaps buried in that quote. If you want to make a direct Roth contribution of the maximum of $6,000 (or $7,000 if you're over 50) You need a MAGI of under $193,000. If you want to make a direct Roth contribution of only a single penny* then un...
by Epsilon Delta
Sun Dec 23, 2018 10:22 pm
Forum: Personal Consumer Issues
Topic: Home Heating Advice
Replies: 72
Views: 5696

Re: Home Heating Advice

First priority is air sealing, followed by insulation. If you do those right you'll need less heat and it will matter less what fuel you use.

Air sealing in particular is matter of paying attention to detail. You want a builder who does it right as a matter of routine.
by Epsilon Delta
Sun Dec 23, 2018 9:29 pm
Forum: Personal Finance (Not Investing)
Topic: Are some insurance polcies philosophically similar to gambling?
Replies: 57
Views: 2893

Re: Are some insurance polcies philosophically similar to gambling?

Gambling creates risk.
Insurance manages risk.

The people who think these are the same thing are in need of GA.
by Epsilon Delta
Sun Dec 23, 2018 9:06 pm
Forum: Investing - Help with Personal Investments
Topic: Kid's First Roth Contribution
Replies: 21
Views: 1638

Re: Kid's First Roth Contribution

Edit: That also got me thinking; hurry up and open that Roth before the end of the year. I think one year of the "5 year clock" would be met with just few days ... That is correct. The five year clock begins January 1st of the year of contribution. No need to hurry. The five year clock start Januar...
by Epsilon Delta
Fri Dec 21, 2018 1:38 am
Forum: Investing - Help with Personal Investments
Topic: Help. Over contributed to Roth IRA
Replies: 18
Views: 848

Re: Help. Over contributed to Roth IRA

So the percent of the over contribution is spread out over all earnings. They should teach these things in high school. Since you have adult children the chances are this rule didn't exist when you were in high school. :twisted: However a reading comprehension / research course using IRS pubs as th...
by Epsilon Delta
Thu Dec 20, 2018 8:41 pm
Forum: Personal Consumer Issues
Topic: Email Accounts - How Many / Security / Best Practices
Replies: 46
Views: 3478

Re: Email Accounts - How Many / Security / Best Practices

If I used email on a phone I would have one or more accounts I used on the phone and at least one I never used on the phone. The non-phone account(s) would have 2FA and be used for all password resets and all financial transactions.
by Epsilon Delta
Thu Dec 20, 2018 6:51 pm
Forum: Investing - Help with Personal Investments
Topic: ROTH Withdrawal Rules
Replies: 4
Views: 369

Re: ROTH Withdrawal Rules

In 3 years, the ROTH will be 5 year old. Can I make qualified w/d of all my funds (both original contributions when Yes, if you are also over age 59.5 (or dead or disabled). In that case any withdrawal will meet both conditions to be qualified hence all withdrawals will be tax and penalty free.
by Epsilon Delta
Thu Dec 20, 2018 6:37 pm
Forum: Investing - Help with Personal Investments
Topic: Help. Over contributed to Roth IRA
Replies: 18
Views: 848

Re: Help. Over contributed to Roth IRA

It's going into a money market fund; it will earn about thirty cents a day. If I read the tax law the worst that could happen is a few cents tax on the excess earnings until it is removed. The tax forms would be a bigger pain. Does he have any thing else in that Roth? The earnings rules do not trac...
by Epsilon Delta
Thu Dec 20, 2018 6:29 pm
Forum: Investing - Help with Personal Investments
Topic: $6,000 to contribute to Roth IRA in January. Direct vs backdoor contribution given uncertain income and employer plan.
Replies: 8
Views: 537

Re: $6,000 to contribute to Roth IRA in January. Direct vs backdoor contribution given uncertain income and employer pla

If there is a decent chance you’ll need to recharacterize I’d just go backdoor from the start as you’ll avoid paying taxes on any gains. Note that the OP feels there is also a decent chance he will end up with a SIMPLE or SEP IRA which would interfere with the backdoor Roth. So: do the Roth contrib...
by Epsilon Delta
Thu Dec 20, 2018 6:17 pm
Forum: Investing - Theory, News & General
Topic: Replacement shares with wash sale
Replies: 20
Views: 2300

Re: Replacement shares with wash sale

I think that everybody just wants to stop with the transactions in their brokerage accounts and not actually look at the IRS instructions for the Form 1040 on what to do with a wash sale. If the taxpayer actually filled out their tax return per the IRS instructions, then it would be very obvious wh...
by Epsilon Delta
Thu Dec 20, 2018 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: Estimated Taxes w/Large Q4 Income
Replies: 8
Views: 919

Re: Estimated Taxes w/Large Q4 Income

I typically have income that is level over the 1st 3 quarters of the yr but then is larger in Q4 due to fund distributions. I pay quarterly estimated taxes in 4 equal installments aimed for 95% of the tax due based on best guess in April. If in December, income looks like it will be lower than esti...
by Epsilon Delta
Thu Dec 20, 2018 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: ACA [when can I enroll after leaving employer]
Replies: 14
Views: 791

Re: ACA [when can I enroll after leaving employer]

As noted above, you would have needed to apply prior to 12/15 for ACA coverage to be effective 1/1 . However, the COBRA coverage sounds like a better approach, and likely will be a richer plan vs the bronze ACA plan. Assuming COBRA coverage is effective 1/1, and you don't get another employer based...
by Epsilon Delta
Thu Dec 20, 2018 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: Company Mass Hiring then put on Overhead
Replies: 9
Views: 1228

Re: Company Mass Hiring then put on Overhead

Hiring the right people at the right time is very hard. There will always be some mismatch, either jobs not being filled (by the ideal person) or employees not working at their ideal job. I believe there is economic literature comparing companies with a permanent pool of sometimes idle employees wit...
by Epsilon Delta
Thu Dec 20, 2018 3:40 pm
Forum: Investing - Help with Personal Investments
Topic: Paying taxes on Roth conversion made in 2019
Replies: 21
Views: 1484

Re: Paying taxes on Roth conversion made in 2019

Also, if safe harbor does not help, and you're over 59.5 y/o, one could take an IRA or 401k distribution in December and withhold the amount of taxes you think you might owe during the year -- no need to do a next January estimated payment. You can do this even if you are under 59.5. Moreover the t...
by Epsilon Delta
Thu Dec 20, 2018 3:20 pm
Forum: Personal Consumer Issues
Topic: Landscaping lights went out
Replies: 16
Views: 1188

Re: Landscaping lights went out

"I plugged something else into the outlet and it seemed to work". On/Off. It either works, or it doesn't work. You'd be surprised at some of the partial failures I've seen. However in new product engineering I was about the fourth level of troubleshooting. No doubt the first three troubleshooters c...
by Epsilon Delta
Thu Dec 20, 2018 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: Open social secuity
Replies: 40
Views: 2662

Re: Open social secuity

Question: Are the SS numbers given up thread taking account of inflation? This might be a built into the tool or the tool might ask for an inflation guess. If the numbers are in nominal dollars then when evaluating any alternative should be done using real returns which are perhaps 3%* lower than no...
by Epsilon Delta
Thu Dec 20, 2018 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: ACA [when can I enroll after leaving employer]
Replies: 14
Views: 791

Re: ACA [when can I enroll after leaving employer]

We learned the hard way - sign up BEFORE your employer coverage ends. If you apply before the 15th of the current month, your ACA plan coverage can begin on the 1st of the next month. If you apply on the 15th or after, coverage cannot begin until the 1st of the month following the next month. So be...
by Epsilon Delta
Thu Dec 20, 2018 2:11 pm
Forum: Investing - Help with Personal Investments
Topic: Paying taxes on Roth conversion made in 2019
Replies: 21
Views: 1484

Re: Paying taxes on Roth conversion made in 2019

I agree with CAsage. The plan of doing a lump sum conversion in Jan and having semi-monthly withholding will avoid a penalty, assuming proper execution. First: the timing of withholding is irrelevant for purposes of figuring the penalty, unless the taxpayer chooses an optional, more complex, methods...
by Epsilon Delta
Thu Dec 20, 2018 1:51 pm
Forum: Investing - Theory, News & General
Topic: Allan Roth: 3 Correlation Myths In Portfolio Construction
Replies: 104
Views: 7144

Re: Allan Roth: 3 Correlation Myths In Portfolio Construction

Retiring in 1972 was fundamentally different from retiring in 1974, and yet there is a very strong time overlap. I think you are only calling them fundamentally different because you are ignoring the overlap. That is assuming a single decision at a single point in time. A reasonable retirement plan...
by Epsilon Delta
Thu Dec 20, 2018 1:03 am
Forum: Investing - Help with Personal Investments
Topic: options to cover next 10 years before SS
Replies: 49
Views: 3983

Re: options to cover next 10 years before SS

This is good advice. The only thing I would add is the CDs shouldn't all be 60k. The early years would need much more than 60k because they only have one or a few years to accumulate interest. The opposite holds true for the late years. Francis +1 Good point. I missed that the money was needed in a...
by Epsilon Delta
Thu Dec 20, 2018 12:14 am
Forum: Investing - Help with Personal Investments
Topic: Kid's First Roth Contribution
Replies: 21
Views: 1638

Re: Kid's First Roth Contribution

Don't you have to put in $1000 to meet the minimum in any case?

Like the others I would dump it all in now.
Going forward I might do a match it as the child gets a pay check, but that would be for pedagogical purposes not to gain a dollar cost averaging advantage. And it might depend on the child.
by Epsilon Delta
Thu Dec 20, 2018 12:04 am
Forum: Personal Finance (Not Investing)
Topic: SS: If spouse outlives me
Replies: 13
Views: 820

Re: SS: If spouse outlives me

I think "remaining" spouse must wait until his or her FRA before claiming SS or else the widow or widower benefit will be permanently reduced based on how early (before FRA) the remaining spouse made their claim. More knowledgeable folks will jump in to correct me if this is not accurate. As I unde...
by Epsilon Delta
Wed Dec 19, 2018 12:54 pm
Forum: Investing - Theory, News & General
Topic: I feel cheated, saved too much in 401K vs cash.
Replies: 74
Views: 10068

Re: I feel cheated, saved too much in 401K vs cash.

bloom2708 wrote:
Wed Dec 19, 2018 12:31 pm
Not that long ago (up to 2001), $2,000 was what you could put in your Roth IRA (started in 1974)
Roths started in 1998 not 1974.

In 1974 Senator William Roth did not have the seniority to get any thing named after him. :twisted:
by Epsilon Delta
Wed Dec 19, 2018 12:12 am
Forum: Investing - Theory, News & General
Topic: Allan Roth: 3 Correlation Myths In Portfolio Construction
Replies: 104
Views: 7144

Re: Allan Roth: 3 Correlation Myths In Portfolio Construction

Retiring in 1972 was fundamentally different from retiring in 1974, and yet there is a very strong time overlap. I think you are only calling them fundamentally different because you are ignoring the overlap. That is assuming a single decision at a single point in time. A reasonable retirement plan...
by Epsilon Delta
Tue Dec 18, 2018 11:46 pm
Forum: Investing - Theory, News & General
Topic: Investing in bonds while you still have a mortgage
Replies: 26
Views: 2524

Re: Investing in bonds while you still have a mortgage

Taking out a mortgage is shorting a bond with an embedded call option to close the short position via refinancing, prepayment, or selling the house. This. And given the interest rates isn't it time to exercise the option in the original case. (An option is of no value if you will never exercise it ...
by Epsilon Delta
Tue Dec 18, 2018 9:31 pm
Forum: Investing - Theory, News & General
Topic: I feel cheated, saved too much in 401K vs cash.
Replies: 74
Views: 10068

Re: I feel cheated, saved too much in 401K vs cash.

I'm 66 and am regretting I have put too much in IRA and 401k, and not enough in Roth and taxable. My tax rates are higher now than in many of my working years. I wish someone had told me when I was younger that the order of investment is: 401k up to the match, HSA (If eligible), Roth, and taxable. ...
by Epsilon Delta
Tue Dec 18, 2018 9:03 pm
Forum: Personal Finance (Not Investing)
Topic: Obamacare (ACA) Ruled Unconstitutional by Texas Federal Court
Replies: 190
Views: 14496

Re: Obamacare (ACA) Ruled Unconstitutional by Texas Federal Court

In 1940 health care spending was 4.5% of GDP, in 2017 it was 17.9%.

I'd expect this 4 fold increase to be reflected in the "impact on the family budget.
by Epsilon Delta
Tue Dec 18, 2018 8:47 pm
Forum: Personal Consumer Issues
Topic: Tips for a cold bedroom above a garage?
Replies: 36
Views: 2691

Re: Tips for a cold bedroom above a garage?

The garage ceiling serves as a fire break and to keep various garage fumes (e.g. CO, gasoline) out of the bedroom. I would be inclined to make sure it is dry walled and any holes fully sealed with a proper mudded patch. I may not sand the patches. Fully air sealing the ceiling may also help with the...