i assume this question was for avlfutbol. I don't do any COP/USD exchanges.
Search found 117 matches
- Sat May 22, 2021 10:23 am
- Forum: Non-US Investing
- Topic: Colombia - Brokerage Firms (How to invest?)
- Replies: 9
- Views: 2744
- Fri May 21, 2021 9:12 am
- Forum: Non-US Investing
- Topic: Colombia - Brokerage Firms (How to invest?)
- Replies: 9
- Views: 2744
Re: Colombia - Brokerage Firms (How to invest?)
i am not a colombian citizen. i was inquiring for a friend.
it's kind of sad that the investment options in colombia are not as easy as those in the US. If anything, it seems like a brokerage business opportunity to expand into Colombian markets.
- Thu May 20, 2021 6:21 pm
- Forum: Non-US Investing
- Topic: Colombia - Brokerage Firms (How to invest?)
- Replies: 9
- Views: 2744
Re: Colombia - Brokerage Firms (How to invest?)
thanks, galeno. a couple follow up questions:
4. is it expensive to buy/sell/have an account with IBKR or charles schwab international? What are the typical fees/commissions?
5. Both IBKR/charles schwab look to be US-based. How do taxes (US and colombian) work with these accounts?
6. If a colombian citizen wants to invest like a boglehead, would you recommend going the IBKR/charles schwab route, or is there another investing alternative (colombian 401k/IRA equivalent, real estate, etc.) that you would recommend?
4. is it expensive to buy/sell/have an account with IBKR or charles schwab international? What are the typical fees/commissions?
5. Both IBKR/charles schwab look to be US-based. How do taxes (US and colombian) work with these accounts?
6. If a colombian citizen wants to invest like a boglehead, would you recommend going the IBKR/charles schwab route, or is there another investing alternative (colombian 401k/IRA equivalent, real estate, etc.) that you would recommend?
- Thu May 20, 2021 10:48 am
- Forum: Non-US Investing
- Topic: Colombia - Brokerage Firms (How to invest?)
- Replies: 9
- Views: 2744
Colombia - Brokerage Firms (How to invest?)
A couple questions below:
1. For a Colombian citizen, how would one invest in index ETFs/mutual funds (for basic bogleheads investment philosophy of big index funds)?
2. Is there an E-trade/Fidelity or Vanguard equivalent in Colombia?
3. Is index fund investing common in Colombia?
1. For a Colombian citizen, how would one invest in index ETFs/mutual funds (for basic bogleheads investment philosophy of big index funds)?
2. Is there an E-trade/Fidelity or Vanguard equivalent in Colombia?
3. Is index fund investing common in Colombia?
- Tue Nov 03, 2020 5:02 pm
- Forum: Personal Consumer Issues
- Topic: cell phone plan request (~500 mb/month data only; no voice/text)
- Replies: 32
- Views: 2044
Re: cell phone plan request (~500 mb/month data only; no voice/text)
thanks, all, for the options. i was worried that i would be stuck with a $50/month option.
so, for redpocket, the ebay $60 per year option, is the 500 mb for the full year or per month?
btw, the whole reason for this post is that my free fredompop account apparently has been sold to redpocket, coincidentilly, IIRC.
so, for redpocket, the ebay $60 per year option, is the 500 mb for the full year or per month?
btw, the whole reason for this post is that my free fredompop account apparently has been sold to redpocket, coincidentilly, IIRC.
- Tue Nov 03, 2020 12:57 pm
- Forum: Personal Consumer Issues
- Topic: cell phone plan request (~500 mb/month data only; no voice/text)
- Replies: 32
- Views: 2044
cell phone plan request (~500 mb/month data only; no voice/text)
My current plan is about to die. Can you recommend a cheap cell phone plan that only has data (max monthly usage is 500 mb; sometimes even less at 200 mb)?
My current unlocked phone is compatible with AT&T and maybe verizon.
My current unlocked phone is compatible with AT&T and maybe verizon.
- Sun Oct 25, 2020 11:17 am
- Forum: Personal Investments
- Topic: mega back door roth - in-service distribution requirement
- Replies: 27
- Views: 2258
Re: mega back door roth - in-service distribution requirement
thanks!decapod10 wrote: ↑Sat Oct 24, 2020 10:31 pm To echo others, yes it is a Roth account, but it is a Roth 401l rather than a Roth IRA, so the rules of a Roth 401k apply along with whatever rules your employer has. What is technically happening is that you are contributing to your After Tax 401k and it is being converted to Roth 401k, however Fidelity is doing it automatically for you.
We have the same thing, it's very convenient. We just started having automatic conversions this year. In the past, we contributed to our After Tax 401k, then I had to call to do an in-plan conversion to Roth 401k.
This 401k feature can be a huge benefit to employees' savings.
- Sat Oct 24, 2020 6:17 pm
- Forum: Personal Investments
- Topic: mega back door roth - in-service distribution requirement
- Replies: 27
- Views: 2258
Re: mega back door roth - in-service distribution requirement
Thank you to all. I appreciate everyone's help with my question. Thanks!
- Sat Oct 24, 2020 9:43 am
- Forum: Personal Investments
- Topic: mega back door roth - in-service distribution requirement
- Replies: 27
- Views: 2258
Re: mega back door roth - in-service distribution requirement
One thing that worried me about this is that this Fidelity 401k has a separate classification for ROTH and another classification for ROTH IN-PLAN CONVERSION. My concern is that if the automatic conversion was truly a roth, why didn't they just convert it into the ROTH category in my account? No. These are often kept separate because they may need to be handled differently for withdrawals or transfers. Also, the Roth from an in-plan conversion may be "distributable, meaning you might be able to move that money to Roth IRA....depending on what your plan allows. Your 401k is not just one account. It may include many separate accounts (or sub-accounts if that makes more sense). so, do you think that my ROTH IN-PLAN CONVERSION account is ...
- Fri Oct 23, 2020 8:58 am
- Forum: Personal Investments
- Topic: mega back door roth - in-service distribution requirement
- Replies: 27
- Views: 2258
Re: mega back door roth - in-service distribution requirement
One thing that worried me about this is that this Fidelity 401k has a separate classification for ROTH and another classification for ROTH IN-PLAN CONVERSION. My concern is that if the automatic conversion was truly a roth, why didn't they just convert it into the ROTH category in my account?
- Fri Oct 23, 2020 8:29 am
- Forum: Personal Investments
- Topic: mega back door roth - in-service distribution requirement
- Replies: 27
- Views: 2258
mega back door roth - in-service distribution requirement
Most articles that I have read regarding the mega back door roth account mention an "in-service distribution requirement". For example, the ed slott site ( https://www.irahelp.com/slottreport/mega-backdoor-roth-usually-too-good-be-true ) states the following: First, the plan must allow after-tax contributions. 401(k) or 403(b) plan sponsors are not required to offer after-tax contributions, and many don’t. That is especially the case recently when more and more plans are offering Roth contributions instead. Second, an individual wanting to take advantage of the mega backdoor strategy must have enough income to make large amounts of after-tax contributions. Third, the plan must allow for distributions of after-tax contributions whi...
- Tue Aug 18, 2020 8:53 am
- Forum: Personal Investments
- Topic: January RMD (& CARES act) --> move back to IRA
- Replies: 29
- Views: 2155
Re: January RMD (& CARES act) --> move back to IRA
thanks. i think i will do that this week.
- Tue Aug 18, 2020 8:08 am
- Forum: Personal Investments
- Topic: January RMD (& CARES act) --> move back to IRA
- Replies: 29
- Views: 2155
Re: January RMD (& CARES act) --> move back to IRA
Thanks, Alan.
I was looking on the Fidelity website, and there really isn't any link to "return RMD". So, do i just transfer money from my brokerage account into the traditional IRA? And, it will make entire sense next year when I do my taxes?
I was looking on the Fidelity website, and there really isn't any link to "return RMD". So, do i just transfer money from my brokerage account into the traditional IRA? And, it will make entire sense next year when I do my taxes?
- Mon Aug 17, 2020 8:36 am
- Forum: Personal Investments
- Topic: January RMD (& CARES act) --> move back to IRA
- Replies: 29
- Views: 2155
Re: January RMD (& CARES act) --> move back to IRA
sorry to bring up an old post, but i just read the following on the ed slott site: "But even if your employer’s plan pays you an amount equal to your 2020 RMD, you are allowed to treat it for tax purposes as if it's not an RMD. That’s where the CARES Act waiver comes into play. Normally RMDs can’t be rolled over. But the amount you receive in 2020 is not technically considered an RMD for tax purposes. So, if you don’t want the “RMD,” you can roll it over to an IRA (or another company plan that accepts it) to avoid immediate taxes. Or, you can pay taxes on the RMD and roll it over (convert it) to a Roth IRA for tax-free growth." I haven't put the non-RMD back into my traditional IRA. Does the above statement mean that I could rollo...
- Sat Jul 25, 2020 9:46 am
- Forum: Investing - Theory, News & General
- Topic: Jeremy Siegel on MiB Podcast: 60/40 is risky and more
- Replies: 146
- Views: 20259
Re: Jeremy Siegel on MiB Podcast: 60/40 is risky and more
How does the math work on #2? If price follows earnings, and if earnings in the past 12 months go to zero, wouldn't the price fall a lot?mrspock wrote: ↑Sat Jun 20, 2020 8:26 pm Just listened to Jeremy Siegel (Professor of Finance at Wharton, author of “Stocks for the Long Run”) on the Masters In Business podcast (non-Apple Link), he makes a good case for a few things:
2. Mathematically, even if we zero’d out 12 months of earnings, the stock market should have dropped maybe 5-6% vs >30%
- Sat Jul 25, 2020 9:45 am
- Forum: Personal Consumer Issues
- Topic: eliquis - discount card
- Replies: 8
- Views: 1171
Re: eliquis - discount card
wouldn't this transaction with this discount card not involve medicaire D (ie, cash transaction and no insurance filing required)?
Also, by using this discount card, will your personal info be sent to Bristol Myer's Squib? If not, why bother with the eligibility requirements when "applying" for the card?
- Sat Jul 25, 2020 9:42 am
- Forum: Personal Consumer Issues
- Topic: eliquis - discount card
- Replies: 8
- Views: 1171
Re: eliquis - discount card
this is for a relative, so i am not certain on the specifics, but i am sure there is a mail order option and even that discounted price was kind of pricey.
- Fri Jul 24, 2020 8:15 am
- Forum: Personal Consumer Issues
- Topic: eliquis - discount card
- Replies: 8
- Views: 1171
eliquis - discount card
Eliquis is expensive, so I went on the Bristol Myer Squibb's Eliquis site and saw that they had a $10 Co-Pay card that provides discounted drugs. When I was inputting the info to get the card, if I input that I am covered by Medicaire part D, it says that I am not eligible for the card. But, If i input that I am covered "Commercial prescription drug insurance through an employer-sponsored or private health plan or the Federal Employee Health Benefit Plan", then the website spits out a card that looks like every other discounted drug card (like GoodRX) that I have seen that includes a BIN#, PCN#, GRP#, and ID#. The first three numbers seem constant, but the ID# seems unique. Can someone use this card to get discounted Eliquis even ...
- Sat Jul 18, 2020 9:54 am
- Forum: Personal Investments
- Topic: January RMD (& CARES act) --> move back to IRA
- Replies: 29
- Views: 2155
Re: January RMD (& CARES act) --> move back to IRA
Thanks! I will give this a try and see how it turns out.
- Sat Jul 18, 2020 9:54 am
- Forum: Personal Finance (Not Investing)
- Topic: Western Union (alternatives to...) - send money to Indonesia
- Replies: 15
- Views: 1103
Re: Western Union (alternatives to...) - send money to Indonesia
Thanks, all, for your help.
- Wed Jul 15, 2020 8:29 am
- Forum: Personal Finance (Not Investing)
- Topic: Western Union (alternatives to...) - send money to Indonesia
- Replies: 15
- Views: 1103
Re: Western Union (alternatives to...) - send money to Indonesia
myfrogger, if i use transferwise, will it also ask me for my bank's login/password info (and other personal info)?
also, do u guys (for WU or transferwise and others), do you guys change the bank password right after you give that info to WU?
also, do u guys (for WU or transferwise and others), do you guys change the bank password right after you give that info to WU?
- Tue Jul 14, 2020 7:59 am
- Forum: Personal Investments
- Topic: January RMD (& CARES act) --> move back to IRA
- Replies: 29
- Views: 2155
Re: January RMD (& CARES act) --> move back to IRA
thanks.
two questions:
1. You mention that I should let my custodian know that this money transfer is per Notice 2020-51. How do I do this online?
2. When filing my taxes for tax year 2020, how do I indicate the return of the money (ie, not having it look like an excess contribution)?
two questions:
1. You mention that I should let my custodian know that this money transfer is per Notice 2020-51. How do I do this online?
2. When filing my taxes for tax year 2020, how do I indicate the return of the money (ie, not having it look like an excess contribution)?
- Tue Jul 14, 2020 7:55 am
- Forum: Personal Finance (Not Investing)
- Topic: Western Union (alternatives to...) - send money to Indonesia
- Replies: 15
- Views: 1103
Re: Western Union (alternatives to...) - send money to Indonesia
Thanks.
I guess the thing that bugs me most is that WU asks for my bank's login and password. Is that necessary?
I guess the thing that bugs me most is that WU asks for my bank's login and password. Is that necessary?
- Mon Jul 13, 2020 8:55 pm
- Forum: Personal Investments
- Topic: January RMD (& CARES act) --> move back to IRA
- Replies: 29
- Views: 2155
January RMD (& CARES act) --> move back to IRA
The CARES act waives the RMD requirement for 2020. Until recently, those that took their RMDs in January could not put them back. Recently, IRS informed the following https://www.aarp.org/money/taxes/info-2 ... -rule.html.
It sounds like someone who took a January RMD could put it back in the IRA. How does that work? Would one just transfer that same money from one account back to the IRA? What if one wants to just convert that RMD to a roth IRA?
Has anyone does this yet?
It sounds like someone who took a January RMD could put it back in the IRA. How does that work? Would one just transfer that same money from one account back to the IRA? What if one wants to just convert that RMD to a roth IRA?
Has anyone does this yet?
- Mon Jul 13, 2020 8:36 pm
- Forum: Personal Finance (Not Investing)
- Topic: Western Union (alternatives to...) - send money to Indonesia
- Replies: 15
- Views: 1103
Western Union (alternatives to...) - send money to Indonesia
I was trying to send money (from my bank account) to a friend in Indonesia via the Western Union website, but the site asks a lot of personal info and my bank's login/password. I did not feel comfortable submitting all that data.
Does anyone have any alternative recommendations on how to send money to Indonesia?
Thanks.
Does anyone have any alternative recommendations on how to send money to Indonesia?
Thanks.
- Tue Jun 16, 2020 11:29 am
- Forum: Personal Finance (Not Investing)
- Topic: tax e-filing & w-2 form
- Replies: 5
- Views: 405
Re: tax e-filing & w-2 form
Thanks, all, for taking the time to help. I appreciate it.
- Mon Jun 15, 2020 4:57 pm
- Forum: Personal Finance (Not Investing)
- Topic: tax e-filing & w-2 form
- Replies: 5
- Views: 405
tax e-filing & w-2 form
This is going to sound silly, but i have not e-filed my taxes before, and due to this coronavirus thing, i am inclined to do e-file my 2019 taxes. For my previous years tax forms, I have always mailed them in. As part of the forms I mail in, per IRS instructions, I include a copy of my W-2. How does one do this with e-filing?
(I am using H&R Block software)
(I am using H&R Block software)
- Thu Apr 30, 2020 7:55 am
- Forum: Personal Finance (Not Investing)
- Topic: 1099-MISC income (sole proprietorship) / self-employment taxes / social security statement
- Replies: 7
- Views: 489
Re: 1099-MISC income (sole proprietorship) / self-employment taxes / social security statement
Thanks, you all, for helping answer my question!
- Wed Apr 29, 2020 8:10 am
- Forum: Personal Finance (Not Investing)
- Topic: 1099-MISC income (sole proprietorship) / self-employment taxes / social security statement
- Replies: 7
- Views: 489
1099-MISC income (sole proprietorship) / self-employment taxes / social security statement
If I am an independent contractor (sole proprietorship) that receives 1099-MISC income and I pay my self-employment taxes (FICA) annually with my annual tax filing, does that FICA tax paid get automatically updated in the social security administration so that it will show up in my social security statement?
I just want to make sure that the FICA taxes are accounted for and that I get credit for them with the government.
I just want to make sure that the FICA taxes are accounted for and that I get credit for them with the government.
- Wed Apr 01, 2020 7:47 am
- Forum: Personal Investments
- Topic: CARES act: IRA RMDs / conversion
- Replies: 3
- Views: 573
Re: CARES act: IRA RMDs / conversion
Thank you so much for the guidance. I will check these out.
- Tue Mar 31, 2020 8:21 am
- Forum: Personal Investments
- Topic: CARES act: IRA RMDs / conversion
- Replies: 3
- Views: 573
CARES act: IRA RMDs / conversion
As part of the CARES act, IRA RMDs are waived for this year (I believe). If someone made their RMDs in January, is there a way to convert that withdrawal to a roth IRA?
- Sun Mar 08, 2020 10:43 am
- Forum: Personal Finance (Not Investing)
- Topic: Do I qualify for QBI deduction?
- Replies: 20
- Views: 3248
Re: Do I qualify for QBI deduction?
I used H&R Block for 2018 taxes. In 2018, I reported 199A REIT Dividends and the tax software did not give me a tax credit due to income limitation rules. When I completed my 2019 taxes using H&R Block I received the 20% credit for 199A REIT Dividends. I was surprised when the credit showed up on Form 1040 Line 9 and 8995-A. I played around with the 2019 data input and there appears to be no income limitation. This was the exact situation I had. I don't know why H&R Block didn't automatically include the 20% deduction. Did the IRS reinterpret the tax code long after the 2018 tax filing and drop the income limitation? I am surprised that I cannot find any discussion when I Goggle the topic. I do know that there were different in...
- Sat Mar 07, 2020 11:36 am
- Forum: Personal Finance (Not Investing)
- Topic: Taxes & Joint Ownership Account
- Replies: 6
- Views: 596
Re: Taxes & Joint Ownership Account
here is a related topic re: interest https://www.irs.gov/taxtopics/tc403 See nominee recipient paragraph. A similar rule would pertain to the brokerage acct re: interest/dividends/capital gains. In principle, I suppose, the income should be split each yr according to who owns what , not switch at will between A or B . One person gets the 1099 so should record the numbers there on his tax return and then enter negative numbers that account for the nominees share. The nominee (& IRS) should receive copies of the nominee 1099 statement prepared by the person who gets the original 1099 and the nominee should enter those numbers on the tax return. Thanks for the reply. In this particular case, the joint owners both live at the same address,...
- Sat Mar 07, 2020 9:36 am
- Forum: Personal Finance (Not Investing)
- Topic: Taxes & Joint Ownership Account
- Replies: 6
- Views: 596
Re: Taxes & Joint Ownership Account
sorry to bump up, but anyone with experience with this?
- Fri Mar 06, 2020 7:17 am
- Forum: Personal Finance (Not Investing)
- Topic: Taxes & Joint Ownership Account
- Replies: 6
- Views: 596
Taxes & Joint Ownership Account
2 questions:
1. For a brokerage account with joint ownership, what dictates the person (and social security number) who files the 1040 taxes?
2. In the case with you have a brokerage account with joint owners (Bob and Charlie) where Bob had been filing his taxes for all the income from this account in previous years, can Charlie file a 1040 form this year while Bob does not? How does joint ownership and tax responsibility work in this scenario?
Thanks.
1. For a brokerage account with joint ownership, what dictates the person (and social security number) who files the 1040 taxes?
2. In the case with you have a brokerage account with joint owners (Bob and Charlie) where Bob had been filing his taxes for all the income from this account in previous years, can Charlie file a 1040 form this year while Bob does not? How does joint ownership and tax responsibility work in this scenario?
Thanks.
- Thu Mar 05, 2020 7:14 pm
- Forum: Personal Finance (Not Investing)
- Topic: Do I qualify for QBI deduction?
- Replies: 20
- Views: 3248
Re: Do I qualify for QBI deduction?
Thanks for the guidance, scabbler1. I will look into it.scrabbler1 wrote: ↑Thu Mar 05, 2020 8:41 amI would suggest filing an amended 2018 return using Form 1040X.datamonkee wrote: ↑Thu Mar 05, 2020 7:11 amanyone know the answer to this?datamonkee wrote: ↑Wed Mar 04, 2020 7:42 am Is it possible to claim the deduction in my 2019 taxes that i missed deducting in my 2018 taxes?
I basically did not get the 2018 20% 199A dividend deduction. Is there a way to apply that deduction to the 2019 taxes? if not, how do i get that money back? sorry, i am not so good on taxes.
https://www.irs.gov/pub/irs-pdf/f1040x.pdf
Line 4b on Form 1040X specifically refers to the QBI deduction. I have dealt with this form before, it is not the easiest form to complete. From what I have read, this form has to be done on paper.
- Thu Mar 05, 2020 7:11 am
- Forum: Personal Finance (Not Investing)
- Topic: Do I qualify for QBI deduction?
- Replies: 20
- Views: 3248
Re: Do I qualify for QBI deduction?
anyone know the answer to this?datamonkee wrote: ↑Wed Mar 04, 2020 7:42 am Is it possible to claim the deduction in my 2019 taxes that i missed deducting in my 2018 taxes?
I basically did not get the 2018 20% 199A dividend deduction. Is there a way to apply that deduction to the 2019 taxes? if not, how do i get that money back? sorry, i am not so good on taxes.
- Wed Mar 04, 2020 7:42 am
- Forum: Personal Finance (Not Investing)
- Topic: Do I qualify for QBI deduction?
- Replies: 20
- Views: 3248
Re: Do I qualify for QBI deduction?
no, the REIT dividends are not a SSTB... so are not subject to the income phaseout Mike Btw, Mike, can you please point me to the IRS document that states that there is no income limits for the 20% 199A dividend deduction? https://www.irs.gov/newsroom/tax-cuts-and-jobs-act-provision-11011-section-199a-qualified-business-income-deduction-faqs REIT / PTP Component. This component of the deduction equals 20 percent of the combined qualified REIT dividends (including REIT dividends earned through a regulated investment company (RIC)) and qualified PTP income. This component is not limited by W-2 wages or the UBIA of qualified property. Depending on the taxpayer's income, the amount of PTP income that qualifies may be limited depending on the t...
- Tue Mar 03, 2020 7:28 pm
- Forum: Personal Finance (Not Investing)
- Topic: Do I qualify for QBI deduction?
- Replies: 20
- Views: 3248
- Tue Mar 03, 2020 7:25 pm
- Forum: Personal Finance (Not Investing)
- Topic: Do I qualify for QBI deduction?
- Replies: 20
- Views: 3248
Re: Do I qualify for QBI deduction?
For 2019, the software is giving me the deduction, whereas in 2018, it did not. I am not sure why there was a difference.
Did anyone else have the same issue with H&R Block software?
- Tue Mar 03, 2020 7:41 am
- Forum: Personal Finance (Not Investing)
- Topic: Do I qualify for QBI deduction?
- Replies: 20
- Views: 3248
Re: Do I qualify for QBI deduction?
no, the REIT dividends are not a SSTB... so are not subject to the income phaseout Mike Interesting. For 2018 taxes, I had 199A dividends, which I inputted into HR Block, but I got the following notice (see below) regarding QBI deductions and did not take any QBI deductions in 2018. I didn't see a spot to trigger adding the 20% deduction other that manually inputting the deduction. Tax reform added a new qualified business income deduction This is a new deduction under the Tax Cuts and Jobs Act for individuals with income from trade or business. Unfortunately, we're not able to calculate your deduction for one of these reasons: - You have taxable income more than $157.500 ($315,000 if married filing jointly). - .... - Some of your business...
- Mon Mar 02, 2020 9:14 pm
- Forum: Personal Finance (Not Investing)
- Topic: Do I qualify for QBI deduction?
- Replies: 20
- Views: 3248
Re: Do I qualify for QBI deduction?
In this particular scenario where the OP's income is greater than $160,700 bottom threshold limit, shouldn't the tax software reduce the 20% REIT deduction?
Let's take an extreme example where someone has $500k in w-2 income (clearly above both threshold limits) and a $100 199A REIT (VNQ for example; box 5 in 1099-DIV) dividend. Can this person take a $20 deduction (20% x $100) or is there a phase out?
As a side question, I have some Vanguard Lifestrategy and Target Date Retirement funds. These do not show any 199A dividends. I expected that there are some REITs in these funds. Where are my 199A dividends?
Let's take an extreme example where someone has $500k in w-2 income (clearly above both threshold limits) and a $100 199A REIT (VNQ for example; box 5 in 1099-DIV) dividend. Can this person take a $20 deduction (20% x $100) or is there a phase out?
As a side question, I have some Vanguard Lifestrategy and Target Date Retirement funds. These do not show any 199A dividends. I expected that there are some REITs in these funds. Where are my 199A dividends?
- Wed Jan 22, 2020 7:10 pm
- Forum: Personal Investments
- Topic: solo 401k vs SEP IRA vs Simple IRA vs. etc.?
- Replies: 13
- Views: 1358
Re: solo 401k vs SEP IRA vs Simple IRA vs. etc.?
Thanks, everyone, for your detailed responses. Sorry for the late reply. I was taking time to digest all the info. See below for some of the clarification questions you all asked: a. This the first year he received a 1099-MISC form due to this kind of contracting(?) work. Previous years, it was all W-2 income. b. 2019 income is split (w-2: ~$50K, 1099-MISC ~$20K). future income uncertain. c. My friend's income situation is not stable. Previously it's always been W-2 income, but the future income may be a mix. d. My friend's taxes is filed as single. No sole proprietorship or S-Corp. e. My friend does not have any employees and does not own a company. After reading all the responses, i have some further questions: 1. Is there a how-to guide ...
- Tue Jan 21, 2020 6:48 am
- Forum: Personal Investments
- Topic: solo 401k vs SEP IRA vs Simple IRA vs. etc.?
- Replies: 13
- Views: 1358
solo 401k vs SEP IRA vs Simple IRA vs. etc.?
A friend asked me a question to which I am clueless. I was hoping someone could point me in the right direction.
He gets a 1099(?) tax form from his employer, which doesn't have a 401k.
1. What is his best option if he wants to save in a 401k-like account? solo 401? SEP IRA? Simple IRA? Does he need to set up an S-corp?
2. What additional tax forms must be filed?
3. Is there a good online guide that includes tax guidance?
Sorry for the open-ended questions. I just don't understand this topic very well.
He gets a 1099(?) tax form from his employer, which doesn't have a 401k.
1. What is his best option if he wants to save in a 401k-like account? solo 401? SEP IRA? Simple IRA? Does he need to set up an S-corp?
2. What additional tax forms must be filed?
3. Is there a good online guide that includes tax guidance?
Sorry for the open-ended questions. I just don't understand this topic very well.
- Tue Dec 11, 2018 7:50 pm
- Forum: Personal Finance (Not Investing)
- Topic: [Affordable Care Act] - 2018 taxes (MAGI calculation)
- Replies: 4
- Views: 794
Re: obamacare - 2018 taxes (MAGI calculation)
Thanks, everyone, for your input. I appreciate your help.
- Tue Dec 11, 2018 7:10 am
- Forum: Personal Finance (Not Investing)
- Topic: [Affordable Care Act] - 2018 taxes (MAGI calculation)
- Replies: 4
- Views: 794
[Affordable Care Act] - 2018 taxes (MAGI calculation)
I am helping someone to get fully subsidized for an Obamacare policy for 2018 by trying to set his MAGI just slightly over the 100% FPL (by converting an IRA or capital gains). For 2018, tax laws were changed (standard deductions, exemptions, etc.).
Has how the MAGI for tax year 2018 is calculated changed? Is there anything I need to look out for that may snag my friend?
Has how the MAGI for tax year 2018 is calculated changed? Is there anything I need to look out for that may snag my friend?
- Sat May 26, 2018 9:13 am
- Forum: Personal Finance (Not Investing)
- Topic: medicaid as early retirement medical insurance (or maybe Obamacare)
- Replies: 41
- Views: 5506
Re: medicaid as early retirement medical insurance (or maybe Obamacare)
Thanks, all, for your insights, especially for the links to the eligibility requirements.
one last question:
has anyone had personal experience with Texas medicaid plans? good/bad?
it sounds like ACA is probably the better option if one gets it subsidized by the US govt.
one last question:
has anyone had personal experience with Texas medicaid plans? good/bad?
it sounds like ACA is probably the better option if one gets it subsidized by the US govt.
- Thu May 24, 2018 9:31 pm
- Forum: Personal Finance (Not Investing)
- Topic: medicaid as early retirement medical insurance (or maybe Obamacare)
- Replies: 41
- Views: 5506
Re: medicaid as early retirement medical insurance (or maybe Obamacare)
delamar, thanks for the link. i saw that but was skeptical. the income limit seems high to me. also, i did not see anything about assets limits.
donall, texas did not expand medicaid.
pajamas, if i wanted to be eligible for obamacare, i figured i could set my net income by converting some traditional IRA money to roth IRA.
donall, texas did not expand medicaid.
pajamas, if i wanted to be eligible for obamacare, i figured i could set my net income by converting some traditional IRA money to roth IRA.
- Thu May 24, 2018 8:17 pm
- Forum: Personal Finance (Not Investing)
- Topic: medicaid as early retirement medical insurance (or maybe Obamacare)
- Replies: 41
- Views: 5506
medicaid as early retirement medical insurance (or maybe Obamacare)
Questions:
1. Is medicaid (Texas) a feasible medical insurance option for early retirees? What are the eligibility requirements (i had a hard time finding this online)?
2. Is Obamacare insurance a better option if you get it subsidized fully by the federal government?
1. Is medicaid (Texas) a feasible medical insurance option for early retirees? What are the eligibility requirements (i had a hard time finding this online)?
2. Is Obamacare insurance a better option if you get it subsidized fully by the federal government?
- Sun Apr 08, 2018 8:35 pm
- Forum: Investing - Theory, News & General
- Topic: Libor-OIS Spread
- Replies: 4
- Views: 1269
Re: Libor-OIS Spread
so, my economics theory is not very strong. I was wondering if one of these two charts would substitute well for the LIBOR-OIS spread?
https://fred.stlouisfed.org/graph/?g=jnRC
https://fred.stlouisfed.org/graph/?g=jnRD
https://fred.stlouisfed.org/graph/?g=jnRC
https://fred.stlouisfed.org/graph/?g=jnRD