Search found 237 matches

by snoopdoug1
Tue Oct 03, 2017 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: We're Debt Free (Except our House)!
Replies: 34
Views: 3399

Re: We're Debt Free (Except our House)!

If it was me, I'd bump up your savings rate in a heartbeat. You should have more tax protected space to contribute to, right?
by snoopdoug1
Sun Oct 01, 2017 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: Reach out to hiring manager directly on LinkedIn?
Replies: 52
Views: 3159

Re: Reach out to hiring manager directly on LinkedIn?

As a hiring manager, I think this shows a lot of initiative. I say go for it.
by snoopdoug1
Mon Aug 21, 2017 3:31 pm
Forum: Personal Consumer Issues
Topic: How far would you travel to see The Eclipse?
Replies: 259
Views: 16158

Re: How far would you travel to see The Eclipse?

I got the same eerie feeling. Total eclipse was about 50 seconds for us, and pretty freaking cool. The only light was light from the top of clouds in the distance. Porch lights came on. A really neat experience.
by snoopdoug1
Sun Aug 20, 2017 8:00 pm
Forum: Investing - Theory, News & General
Topic: I own no international stocks. Can you guess why?
Replies: 167
Views: 14622

Re: I own no international stocks. Can you guess why?

Because S&P 500 did better, so you sold international to buy it. You were market timing :)
by snoopdoug1
Mon Jul 10, 2017 8:57 am
Forum: Personal Finance (Not Investing)
Topic: Job opportunity - increase in compensation but also much longer commute
Replies: 25
Views: 2158

Re: Job opportunity - increase in compensation but also much longer commute

I'd also look into moving closer unless there is something that is holding you back. Seems like a no brainer on the move, since your new position seems to be a dead end. I don't see any harm in asking about a telecommute a couple days a week - and you could ask about it as more of a company policy t...
by snoopdoug1
Fri Jun 23, 2017 11:49 am
Forum: Investing - Help with Personal Investments
Topic: What are some good international funds to hold in a taxable account?
Replies: 6
Views: 816

Re: What are some good international funds to hold in a taxable account?

You get a foreign tax credit in your taxable as long as it's not a fund of funds (I believe), but not in tax advantaged accounts. I'd suggest you just hold your international in your taxable. I use Vanguard Total International Stock Index Fund.
by snoopdoug1
Tue May 02, 2017 7:27 pm
Forum: Investing - Help with Personal Investments
Topic: I bonds May 2017
Replies: 66
Views: 10499

Re: I bonds May 2017

So do I understand it correctly that nothing changed in May of 2017?
by snoopdoug1
Tue May 02, 2017 6:36 pm
Forum: Personal Finance (Not Investing)
Topic: Are we (nearly) ready to retire?
Replies: 32
Views: 3644

Re: Are we (nearly) ready to retire?

Thank you for the feedback! I hadn't quite thought about that. To clarify, he doesn't have a pension, just a way to easily earn 30-40k without a lot of effort or hours invested (semi-retirement income). Seems like you're in great shape to me. Your expenses are 70k, but her pension at 57 is 38.4, wh...
by snoopdoug1
Tue May 02, 2017 5:42 pm
Forum: Personal Finance (Not Investing)
Topic: Are we (nearly) ready to retire?
Replies: 32
Views: 3644

Re: Are we (nearly) ready to retire?

Seems like you're in great shape to me. Your expenses are 70k, but her pension at 57 is 38.4, which means you only need another 31.6k/year. That's a 3.16% withdraw rate on 1MM, and you have more than 1MM. What's nice is once he's 63, his pension + her pension covers all of your expenses with 28k lef...
by snoopdoug1
Sat Apr 15, 2017 3:20 pm
Forum: Personal Consumer Issues
Topic: Grass is always greener!
Replies: 16
Views: 3054

Re: Grass is always greener!

how bad is it? If it's not that bad, then it'll take a while, but aerate and overseed in the fall, fertilize in mar/jun/sep with the scotts mix. If you don't have much shade, you're going to have to water it really well too, or I'm guessing the TN heat will burn it.
by snoopdoug1
Fri Mar 31, 2017 8:03 pm
Forum: Investing - Theory, News & General
Topic: BOGLEHEAD CONTEST -- First quarter leaders
Replies: 15
Views: 2129

Re: BOGLEHEAD CONTEST -- First quarter leaders

In striking distance... right where I want to be ;)
by snoopdoug1
Thu Mar 09, 2017 7:37 pm
Forum: Investing - Help with Personal Investments
Topic: 21 Years Old, Financial Direction Help!
Replies: 13
Views: 1104

Re: 21 Years Old, Financial Direction Help!

Hello everyone! I have one follow-up question: After hours of reading through my possibilities of investments for the Vanguard Roth IRA, I think I will go with: Total Stock Market Index fund 90% Total Bond Market Index fund 10% Would everyone here agree on this choice for me? Have any suggestions? ...
by snoopdoug1
Tue Feb 28, 2017 11:00 am
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth. What to do with 68 cents
Replies: 8
Views: 929

Re: Backdoor Roth. What to do with 68 cents

convert the whole thing. You'll just be charged tax on the .68 cents when you file your taxes, but it's easier to do now than later in my opinion! At some point that .68 cents will be taxed, might as well grow tax free from here on out and get it in your roth! Close..the 0.68 is taxable at the time...
by snoopdoug1
Tue Feb 28, 2017 10:51 am
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 607
Views: 162264

Re: Share your networth progression

I didn't start keeping good records until recently. Started my 1st real high paying job in March 2009 at age 34 after many years of training. I think I had 100k in 2009. I have no detailed records between 2009 to 2012. We saved and invested in a combination of index funds and individual stocks. 12/...
by snoopdoug1
Mon Feb 27, 2017 10:19 am
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 607
Views: 162264

Re: Share your net worth progression

I stopped calculating because it's so demoralizing. Two years unemployed, over $25k per year in medical expenses, expected to be closer to $45k this year due to experimental treatments that I hope to try because nothing else has worked Things can change really fast. It could happen to you too. So s...
by snoopdoug1
Sat Jan 14, 2017 11:20 am
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth. What to do with 68 cents
Replies: 8
Views: 929

Re: Backdoor Roth. What to do with 68 cents

convert the whole thing. You'll just be charged tax on the .68 cents when you file your taxes, but it's easier to do now than later in my opinion! At some point that .68 cents will be taxed, might as well grow tax free from here on out and get it in your roth! :)
by snoopdoug1
Mon Dec 26, 2016 8:07 pm
Forum: Personal Finance (Not Investing)
Topic: Is it possible to graduate from college in 3 years?
Replies: 101
Views: 6361

Re: Is it possible to graduate from college in 3 years?

I did it as a Computer Science Major. I came in with 12 credits from AP classes, and took a leadership seminar over one of the summers to cover some of the humanities credits and make up another semester. I didn't feel overwhelmed either, did it with a 4.0. So... if I can do it you can too!
by snoopdoug1
Sat Dec 24, 2016 9:30 pm
Forum: Local Chapters and Bogleheads Community
Topic: My Christmas Gift to You.
Replies: 98
Views: 8940

Re: My Christmas Gift to You.

Taylor -

I can't even imagine what you went through during your time in WWII. You gave me and the rest of us the best Christmas present ever!
by snoopdoug1
Fri Nov 11, 2016 12:13 pm
Forum: Investing - Help with Personal Investments
Topic: HSA contribution limits with two separate plans
Replies: 15
Views: 1135

Re: HSA contribution limits with two separate plans

Correct - between your wife and youself you only get $6750, and employer contributions are in the $6750.
by snoopdoug1
Thu Nov 10, 2016 5:46 pm
Forum: Investing - Help with Personal Investments
Topic: After Tax 401k Contributions
Replies: 30
Views: 3121

Re: After Tax 401k Contributions

Yes, it's mostly true. My plan though only allows 2 rolls per year, so I can't do it every paycheck. A few reasons why you would use taxable... 1) Because not all 401k plans allow these "in service" withdraws to roll it into a Roth IRA. 2) People are saving for something, and want the mone...
by snoopdoug1
Thu Nov 03, 2016 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: Did you retire in your 30s?
Replies: 93
Views: 13199

Re: Did you retire in your 30s?

Videogames wrote:
Professor Emeritus wrote:
Videogames wrote:

Did you retire based on your own earnings? e.g. (nifty patent, best selling author,brilliant investor, professional athlete etc?


.....

There in a nut shell you have it.


Fascinating story... but... the most important question. Do you play video games?
by snoopdoug1
Wed Aug 31, 2016 11:26 am
Forum: Investing - Help with Personal Investments
Topic: Roth IRA Contribution -- Oops!
Replies: 7
Views: 1060

Re: Roth IRA Contribution -- Oops!

Was your contribution in Jan 2015 a contribution for 2014? If so, then you can still contribute in 2015.

I'm a bit confused on your situation though. If you re characterized before April 2015, then what's the issue? You have to convert the gains and the contribution.
by snoopdoug1
Thu Mar 24, 2016 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: Help with taxes for excess HSA contribution
Replies: 9
Views: 1135

Re: Help with taxes for excess HSA contribution

I got a hold of H&R block tax advisers. They told me that since I withdrew the HSA contribution in 2016, that I will get a form in 2016 and will report the extra income there. Nothing I have to do on my 2015 form but say I took the money out.
by snoopdoug1
Tue Mar 22, 2016 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: Help with taxes for excess HSA contribution
Replies: 9
Views: 1135

Re: Help with taxes for excess HSA contribution

Did all of your $6600 in withdrawn contributions come from original employer contributions? If so take a look at line 7 on your 1040. It should be $6600 more than the sum of what is in box 1 of your W-2s. Yes, they did. For some reason the H&R Block software isn't adding them to my W-2 income. ...
by snoopdoug1
Mon Mar 21, 2016 6:29 pm
Forum: Personal Finance (Not Investing)
Topic: Help with taxes for excess HSA contribution
Replies: 9
Views: 1135

Re: Help with taxes for excess HSA contribution

Now I'm second guessing myself... all of our HSA contributions were put in pre tax through our employer. I should have to pay tax on the money I pulled out, but H&R Block software doesn't seem to be charging me for it. Any ideas?
by snoopdoug1
Sat Mar 19, 2016 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: Help with taxes for excess HSA contribution
Replies: 9
Views: 1135

Re: Help with taxes for excess HSA contribution

nps wrote:Aspen is correct and everything else looks right. I assume you originally contributed less than $6650 each if withdrawing $3300 each put you within the limit?


Yes we did - but that that much less! Thank you for the triple check.
by snoopdoug1
Thu Mar 17, 2016 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: Help with taxes for excess HSA contribution
Replies: 9
Views: 1135

Re: Help with taxes for excess HSA contribution

Great - thank you. Everything else seem in line? This is my first rodeo on this...
by snoopdoug1
Wed Mar 16, 2016 10:42 am
Forum: Personal Finance (Not Investing)
Topic: Help with taxes for excess HSA contribution
Replies: 9
Views: 1135

Help with taxes for excess HSA contribution

Hello - My wife and I both have HSA accounts through work. I didn't realize that you can only contribute $6650 total to the accounts - I thought it was 6650 per person. This caused us to contribute too much. I think I have this figured out by reading form 8889, but wanted to double check. Is this ri...
by snoopdoug1
Mon Mar 14, 2016 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Form 8889 question - Wife & I both have HSA
Replies: 7
Views: 570

Re: IRS Form 8889 question - Wife & I both have HSA

So I think I have this figured out now... is this right? 1) I filled out a form 8889 for both my wife and I separately. We each withdrew $3300 from our HSA accounts as well as the interest earned. Total amount was $6610. We are now below the limit of $6650. 2) I put $6610 in box 21 (Other Income) of...
by snoopdoug1
Wed Feb 17, 2016 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: 1099R for putting too much in my Roth in 2014
Replies: 3
Views: 305

1099R for putting too much in my Roth in 2014

In 2014 I contributed too much to my Roth IRA due to income limits. I had the contribution fixed prior to tax day, and put the contribution into a traditional IRA. I then made my 2015 contribution to my trad IRA, and rolled everything back over. I got 2 1099R's from Vanguard. One of them is going fr...
by snoopdoug1
Mon Feb 08, 2016 7:46 am
Forum: Personal Finance (Not Investing)
Topic: IRS Form 8889 question - Wife & I both have HSA
Replies: 7
Views: 570

Re: IRS Form 8889 question - Wife & I both have HSA

Thank you all very much. Looks like I have some reading to do to withdraw the excess contributions! Thank you!
by snoopdoug1
Sun Feb 07, 2016 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Form 8889 question - Wife & I both have HSA
Replies: 7
Views: 570

Re: IRS Form 8889 question - Wife & I both have HSA

Doh - I had no idea we can only contribute 6650 between the both of us. Does it not matter if we are only on one plan? My wife carries our son, I carry my daughter. So we are all covered, but only on one plan each. Crap! So I guess this just means we will have to pay taxes on the amount over 6650?
by snoopdoug1
Sun Feb 07, 2016 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Form 8889 question - Wife & I both have HSA
Replies: 7
Views: 570

IRS Form 8889 question - Wife & I both have HSA

Not sure where to ask this, so I'm hoping someone here can help. My wife and I both have HSA accounts for our health insurance. My wife carries my son on her plan, and I carry my daughter. I can't tell if that means we have "Family" coverage or not? My real question is what do I put in lin...
by snoopdoug1
Tue Jan 19, 2016 5:21 pm
Forum: Investing - Help with Personal Investments
Topic: Mid-Career Portfolio Checkup - TLH Advice Needed
Replies: 7
Views: 601

Re: Mid-Career Portfolio Checkup - TLH Advice Needed

You are missing that for all practical purposes you will be selling the most recently purchased shares because you will not be selling shares that have gains. That is, you won't have any shares purchased in the previous 30 days before selling for TLH that you are also not selling and you won't be b...
by snoopdoug1
Tue Jan 19, 2016 5:06 pm
Forum: Investing - Help with Personal Investments
Topic: Mid-Career Portfolio Checkup - TLH Advice Needed
Replies: 7
Views: 601

Re: Mid-Career Portfolio Checkup - TLH Advice Needed

The only thing you have to do to set up TLHing is to make sure your Cost Basis Method is Specific Identification. Also I would suggest that you do not automatically reinvest distributions. It doesn't matter if you invest every month or every 2 weeks or every quarter. If you are using automatic inve...
by snoopdoug1
Tue Jan 19, 2016 4:55 pm
Forum: Investing - Help with Personal Investments
Topic: Mid-Career Portfolio Checkup - TLH Advice Needed
Replies: 7
Views: 601

Mid-Career Portfolio Checkup - TLH Advice Needed

I've been following the boards for a few years now, and you've all helped me greatly. You all helped me set this up about 5 years ago... We've focused on our savings rate and simplification over the past 5 years, and I think we achieved it. Outside of a general check up, I did have a couple extra qu...
by snoopdoug1
Sat Jan 02, 2016 8:04 pm
Forum: Personal Finance (Not Investing)
Topic: Savings % Target 2016?
Replies: 168
Views: 13310

Re: Savings % Target 2016?

I'm hoping for 47% of my gross. Still striving to get more!
by snoopdoug1
Fri Dec 25, 2015 9:14 am
Forum: Local Chapters and Bogleheads Community
Topic: My Christmas Gift to You
Replies: 60
Views: 6702

Re: My Christmas Gift to You

Taylor - great message. Thank you for your service!
by snoopdoug1
Tue Sep 15, 2015 6:55 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth IRA Mistake?
Replies: 5
Views: 870

Re: Backdoor Roth IRA Mistake?

What happens if it's more than .49 cents. I think this happened to me with like 5 bucks!
by snoopdoug1
Sat Apr 25, 2015 8:16 am
Forum: Investing - Theory, News & General
Topic: Who follows Age in Bonds
Replies: 67
Views: 8845

Re: Who follows Age in Bonds

age-10 for me as well. Seems to work well. If I'm lucky enough to retire at 55, I'll be 55% stocks and 45% bonds which is where I think I want to be in retirement. Or maybe I'll stop at 60/40. Long ways to go!
by snoopdoug1
Tue Feb 03, 2015 9:02 pm
Forum: Personal Finance (Not Investing)
Topic: Simple Tax Question Regarding Roth IRAs
Replies: 7
Views: 511

Re: Simple Tax Question Regarding Roth IRAs

I think they ask for it because they do the MAGI calculation to figure out if you contributed too much. There are income limits on the Roth IRAs.
by snoopdoug1
Fri Oct 17, 2014 11:29 am
Forum: Personal Consumer Issues
Topic: Replacing primary sump pump - how difficult
Replies: 18
Views: 1880

Re: Replacing primary sump pump - how difficult

I did mine and I'm not even that handy - give it a shot. Worst case you still have the backup right? :) I literally just went to home depot, and talked to the guy about what I'd need. He pushed my cart around for me, explained exactly how to do it, and I did the rest.
by snoopdoug1
Fri Aug 29, 2014 11:52 am
Forum: Personal Finance (Not Investing)
Topic: The Mega Backdoor Roth IRA
Replies: 418
Views: 146009

Re: The Mega Backdoor Roth IRA

Rollover methods. You can roll over amounts from a qualified retirement plan to a Roth IRA in one of the follow- ing ways. Rollover. You can receive a distribution from a quali- fied retirement plan and roll it over (contribute) to a Roth IRA within 60 days after the distribution. Since the distrib...
by snoopdoug1
Tue Aug 26, 2014 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: The Mega Backdoor Roth IRA
Replies: 418
Views: 146009

Re: The Mega Backdoor Roth IRA

Why is that weird? Isn't that just exactly what I said above? Direct rollover - no withholding (check made out to Vanguard FBO Mr. Snoopdoug - they mail it to you and you mail it to Vanguard with instructions to put into Roth IRA) Indirect rollover - 20% withholding (check made out to Mr. Snoopdoug...
by snoopdoug1
Tue Aug 26, 2014 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: The Mega Backdoor Roth IRA
Replies: 418
Views: 146009

Re: The Mega Backdoor Roth IRA

placeholder wrote:
snoopdoug1 wrote:Weird - I just talked to them again and they said they'd withhold 20% of the earnings. Either way, it won't be that much.

Make sure that you are telling them you are doing a direct rollover as the default way for these contributions is often a check made out to you.


Got it - thank you so much!
by snoopdoug1
Tue Aug 26, 2014 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: The Mega Backdoor Roth IRA
Replies: 418
Views: 146009

Re: The Mega Backdoor Roth IRA

Side question: Say I have $2000 in after tax dollars in my 401k. Of that, $500 is earnings. If I mega backdoor that $2000, I'll owe taxes on $500. The 401k administrator will withhold some of the $500. However, they won't know my exact tax rate, and so at the end of the year I may owe more on that ...
by snoopdoug1
Tue Aug 26, 2014 11:55 am
Forum: Personal Finance (Not Investing)
Topic: The Mega Backdoor Roth IRA
Replies: 418
Views: 146009

Re: The Mega Backdoor Roth IRA

The only reason why you wouldn't want to do this IMO is if you are investing more for the short term versus retirement. That's the kicker I was coming up with as well. But after thinking about it we can always extract our principal in the Roth IRA, and if kicking in 15k-20k per year + normal backdo...