Search found 31 matches

by NoRisk
Sun Sep 20, 2020 9:08 pm
Forum: Personal Investments
Topic: Over-contributed to ROth IRA
Replies: 9
Views: 901

Re: Over-contributed to ROth IRA

Thank you all! Turbo Tax it is!
by NoRisk
Thu Sep 17, 2020 6:55 pm
Forum: Personal Investments
Topic: Over-contributed to ROth IRA
Replies: 9
Views: 901

Re: Over-contributed to ROth IRA

I was thinking about TurboTax as well , especially since my accountant is brushing me off since February about the over-contribution for the past few years. I will look into Turbo Tax now. What is the "best" software on the market now? Can it handle SOLO (401) K contributions?
by NoRisk
Thu Sep 17, 2020 5:43 pm
Forum: Personal Investments
Topic: Over-contributed to ROth IRA
Replies: 9
Views: 901

Re: Over-contributed to ROth IRA

Thank you for the clarification. I am very surprised that she did not warn me considering that she knows my family 20+ years and is familiar with my savings strategy. On the other hand, I should have paid attention to the rising income.
by NoRisk
Thu Sep 17, 2020 12:59 pm
Forum: Personal Investments
Topic: Over-contributed to ROth IRA
Replies: 9
Views: 901

Re: Over-contributed to ROth IRA

Thank you! Now I know where to start.
by NoRisk
Thu Sep 17, 2020 10:48 am
Forum: Personal Investments
Topic: Over-contributed to ROth IRA
Replies: 9
Views: 901

Over-contributed to ROth IRA

Dear Bogleheads, I need some advice and guidance. Any comments and suggestions will be appreciated! For the past two or three years (I am trying to determine how many right now) I over-contributed to ROTH IRA. THe family income grew over the years and, as I maxed out ROTH IRA, I did not realize that...
by NoRisk
Sat May 27, 2017 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: Annuity post retirement
Replies: 16
Views: 1692

Re: Annuity post retirement

THank you very much everybody; this is all very valuable information. There are no specifics yet as to the cost and type of annuity. All this advisor is suggesting is to annuitize retirement savings instead of having an IRA. In case the in laws agree, he will call "the right guy because you hav...
by NoRisk
Sat May 27, 2017 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: Annuity post retirement
Replies: 16
Views: 1692

Annuity post retirement

Dear Bogleheads, My in laws, who are in the mid-80s and are living in NJ, received the advice of a financial advisor to buy an annuity for their life savings (approx. $100,000) which are currently in IRA. Since I don't know anything about annuities, I decided to post about it here. What are the up a...
by NoRisk
Tue Nov 15, 2016 6:55 pm
Forum: Personal Consumer Issues
Topic: Problem with Graduate School
Replies: 30
Views: 6888

Re: Problem with Graduate School

Hi Lex, My niece attended speech language pathology program and had the same problems you described (and more). Yes, the money is involved here. She attended state college where classes she took are considered a profit center to college but clinicals are a cost center. Therefore, the professors try ...
by NoRisk
Sun Oct 25, 2015 9:45 am
Forum: Personal Finance (Not Investing)
Topic: Banking and arbitration
Replies: 5
Views: 942

Re: Banking and arbitration

That is an interesting point of view. When one takes into account lawyer's fees, arbitration seems like the best path to follow. Unfortunately, "reasonable arbitration provisions" might mean money out of my pocket anyway and much simpler and sooner than with a class action lawsuit. The ris...
by NoRisk
Sat Oct 24, 2015 10:52 pm
Forum: Personal Finance (Not Investing)
Topic: Banking and arbitration
Replies: 5
Views: 942

Re: Banking and arbitration

What I am really afraid of is that the arbitration would somehow make it easier for the bank to dismiss any disputes or pretty much guarantee that the dispute will be settled in their favor. This would also make it easier for them to create one for any reason. I understand that if I file a lawsuit I...
by NoRisk
Sat Oct 24, 2015 9:10 pm
Forum: Personal Finance (Not Investing)
Topic: Banking and arbitration
Replies: 5
Views: 942

Banking and arbitration

Hi dear bogleheads, I just received a letter in the mail from Citibank saying that unless I opt out my deposits will be covered by arbitration and I will not be able to go to court. The arbitration can be invoked by any party - myself or the bank. My immediate thought is to opt out because arbitrati...
by NoRisk
Sat Feb 21, 2015 10:26 pm
Forum: Personal Investments
Topic: Transition to LLC in 2014 and SOLO 401(K)
Replies: 8
Views: 967

Re: Transition to LLC in 2014 and SOLO 401(K)

Wow, Spirit Rider, thank you very much! I will try these forums.
by NoRisk
Sat Feb 21, 2015 9:12 pm
Forum: Personal Investments
Topic: Transition to LLC in 2014 and SOLO 401(K)
Replies: 8
Views: 967

Re: Transition to LLC in 2014 and SOLO 401(K)

I also think I need professional guidance. In the absence of my accountant's opinion, the next best thing for me to do is to find out here if somebody encountered a similar situation before. Is anybody aware of another, tax related forum, to post this question on? Any advice is appreciated.
by NoRisk
Sat Feb 21, 2015 9:12 am
Forum: Personal Investments
Topic: Transition to LLC in 2014 and SOLO 401(K)
Replies: 8
Views: 967

Re: Transition to LLC in 2014 and SOLO 401(K)

Thanks, Spirit Rider. By the same mode of thinking, I need only one schedule C then.
by NoRisk
Fri Feb 20, 2015 10:31 pm
Forum: Personal Investments
Topic: Transition to LLC in 2014 and SOLO 401(K)
Replies: 8
Views: 967

Re: Transition to LLC in 2014 and SOLO 401(K)

It is a default single member LLC operating as a disregarded entity.
by NoRisk
Fri Feb 20, 2015 8:50 pm
Forum: Personal Investments
Topic: Transition to LLC in 2014 and SOLO 401(K)
Replies: 8
Views: 967

Transition to LLC in 2014 and SOLO 401(K)

Dear Bogleheads, I wonder if anybody came across similar situation. In 2014 I transitioned from sole proprietorship to one person LLC starting September 1st. A good portion of my income from the solo proprietorship times already went into SOLO 401(K). Now here is a dilemma. I understand that I have ...
by NoRisk
Sat Nov 29, 2014 11:08 pm
Forum: Personal Investments
Topic: Stock Options -good or bad
Replies: 5
Views: 1342

Re: Stock Options -good or bad

Great advice, thank you. I will pass it along.
by NoRisk
Fri Nov 28, 2014 10:06 pm
Forum: Personal Investments
Topic: Stock Options -good or bad
Replies: 5
Views: 1342

Stock Options -good or bad

Hello, Bogleheads, During a Thanksgiving dinner one of my relatives (he is 28) told us that his company offered him stock options before the IPO. He does not understand much about them and neither do I. So, I thought of posting his question here on the forum. What is involved here? Is it very risky?...
by NoRisk
Wed Apr 23, 2014 9:43 pm
Forum: Personal Finance (Not Investing)
Topic: Solo (401)K for sole proprietor Vs. LLC
Replies: 5
Views: 1091

Solo (401)K for sole proprietor Vs. LLC

Dear Bogleheads, It is time for me again to seek your advice in addition to the information I have obtained so far. Here is the situation: I have Solo 401(k) with Vanguard and am currently a sole proprietor. I am in the process of forming an LLC in the state of NJ which will be taxed in the future (...
by NoRisk
Sun Jan 26, 2014 1:42 pm
Forum: Personal Investments
Topic: Please help with 401K fund selection
Replies: 11
Views: 872

Re: Please help with 401K fund selection

Thanks for all the replies. Yes, I meant LifeStrategy and an extra zero on $5,000 was a typo! I am glad I was understood anyway!
by NoRisk
Sun Jan 26, 2014 12:30 pm
Forum: Personal Investments
Topic: Please help with 401K fund selection
Replies: 11
Views: 872

Please help with 401K fund selection

Hello Bogleheads, My niece just graduated from college with no debt and Roth IRA of approximately $5,0000 invested in Vanguard LifeCycle Growth. As you can see, I am trying to convert my entire family to Boglehead philosophy but I am still working on my husband. Anyway, she needs some kind of an ove...
by NoRisk
Mon Nov 11, 2013 11:03 pm
Forum: Personal Finance (Not Investing)
Topic: Financial failures
Replies: 55
Views: 4923

Re: Financial failures

I finally "woke up" and decided that I should be responsible for my retirement savings, not husband. We are both very frugal but investing had been an issue. He is into market timing and stock picking. As a result, we lost a lot of money over time, though he selectively remembers only wins...
by NoRisk
Mon Nov 11, 2013 10:16 pm
Forum: Personal Consumer Issues
Topic: Living in Arlington, VA
Replies: 63
Views: 4847

Re: Living in Arlington, VA

Thanks for replies, everybody. There is a lot to think about. Did I already mention that is is an amazing forum?! :sharebeer
by NoRisk
Sat Nov 09, 2013 1:19 pm
Forum: Personal Consumer Issues
Topic: Living in Arlington, VA
Replies: 63
Views: 4847

Re: Living in Arlington, VA

Great info, Brad, many thanks!
by NoRisk
Sat Nov 09, 2013 1:07 pm
Forum: Personal Consumer Issues
Topic: Living in Arlington, VA
Replies: 63
Views: 4847

Re: Living in Arlington, VA

Thank you, Victoria. I will definitely pass it along.
by NoRisk
Sat Nov 09, 2013 12:36 pm
Forum: Personal Consumer Issues
Topic: Living in Arlington, VA
Replies: 63
Views: 4847

Living in Arlington, VA

Dear Bogleheads, I am looking for advice here. My son just got his first job out of college in Vienna, Va. He intends to rent in Arlington, Va because it is close to Washington, DC by metro and at the same time about 20 min drive to work. He wants a major metropolitan area easily accessible by publi...
by NoRisk
Wed Aug 21, 2013 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: solo 401(K) questions
Replies: 20
Views: 1937

Re: solo 401(K) questions

Great answers, everyone, thank you. I am a sole proprietor and one of the reasons I am opening Solo 401(k) is that I can put more money in it thus reducing overall family income and qualifying for Roth Ira contributions. This is an idea I picked up on the forum. Thank you!!! I should have done it la...
by NoRisk
Tue Aug 20, 2013 11:31 am
Forum: Personal Finance (Not Investing)
Topic: solo 401(K) questions
Replies: 20
Views: 1937

solo 401(K) questions

Hi Bogleheads, First of all, let me say that it is an amazing forum that has a wealth of information on a wide range of topics. Many thanks to anybody who contributes. I have already incorporated your advice and for the first time in my life I feel that I have a plan and direction (financially speak...
by NoRisk
Tue Jun 11, 2013 6:48 pm
Forum: US Chapters
Topic: New York City Local Chapter established
Replies: 279
Views: 111615

Re: New York City Local Chapter established

Hi,

I would love to attend NYC chapter, if there is still space!
by NoRisk
Thu Jul 28, 2011 5:10 pm
Forum: Personal Investments
Topic: Help with 401(K) and Taxable account
Replies: 1
Views: 560

Help with 401(K) and Taxable account

This is my first time posting after reading the forum for a few months. I must say it is a great place; I only wish I have discovered it much earlier. I would like any advice /comment regarding my situation and, in particular, need help investing all that cash so that it does not just sit there and ...