Search found 1042 matches

by investor1
Thu Feb 07, 2019 10:10 am
Forum: Personal Investments
Topic: How does the IRS know about Roth IRA contributions?
Replies: 7
Views: 1487

Re: How does the IRS know about Roth IRA contributions?

Backdoor Roth for both years.

For 2018, recharacterize into a tIRA, then convert it back to your Roth, then file an ammended return to report the recharacterization. You'll report the conversion next year since it occurred in 2019.

For 2019, just follow the typical backdoor Roth steps.
by investor1
Mon Jan 28, 2019 4:57 pm
Forum: Personal Investments
Topic: Roth IRA over contribution
Replies: 7
Views: 451

Re: Roth IRA over contribution

The IRA contribution limit for 2018 was $5500 (or $6500, if you are 50 yrs old or older). If you over contributed, you can call the company you have the IRA through and explain to them that you had excess contributions for 2018. They'll send you a check for the excess amount along with any interest ...
by investor1
Thu Jan 24, 2019 12:09 pm
Forum: Personal Investments
Topic: Can you exchange funds inside your Vanguard Roth IRA?
Replies: 5
Views: 462

Re: Can you exchange funds inside your Vanguard Roth IRA?

Yes, certainly. You should see the exchange under My Accounts > Buy & Sell > Exchange Vanguard Funds.
by investor1
Thu Jan 24, 2019 12:00 pm
Forum: Personal Investments
Topic: Help w/ HSA contributions w/o HDHP
Replies: 2
Views: 206

Help w/ HSA contributions w/o HDHP

Last year I had a HDHP with an HSA. My employer does not direct funds into my HSA through payroll. Instead, I transfer funds over myself via automated transfer. For 2019, I no longer have a HDHP which means I'm not suppose to contribute to an HSA. However, I forgot about my automated transfer until ...
by investor1
Sun Jan 20, 2019 7:38 pm
Forum: Personal Investments
Topic: Saving accounts
Replies: 46
Views: 3608

Re: Saving accounts

I use multiple savings accounts for specific goals/buckets. I have a separate checking account for monthly spending. My paycheck is deposited into my checking account, and I have automatic transfers to move the money from my checking account to my savings accounts each pay period. It allows me to bu...
by investor1
Sun Jan 20, 2019 4:22 pm
Forum: Investing - Theory, News & General
Topic: Tell me your HSA strategy/advice
Replies: 54
Views: 5794

Re: Tell me your HSA strategy/advice

I'm nowhere near retirement age. My HSA strategy is to keep cash in the amount of my OOP max, then invest the rest similar to how I allocate my retirement funds by using low cost, diverse mutual funds that track their market's average. I just use a more conservative asset allocation given that my ho...
by investor1
Sun Jan 20, 2019 4:17 pm
Forum: Investing - Theory, News & General
Topic: Automatic Investing in new Fidelity HSA (Individual)
Replies: 10
Views: 1133

Re: Automatic Investing in new Fidelity HSA (Individual)

I've had a Fidelity HSA for years, and I've never figured out how to do this. I simply login once a month and buy assets using the direct deposits that were contributed throughout the month.
by investor1
Thu Jan 10, 2019 4:43 pm
Forum: Personal Investments
Topic: Roth IRA Phaseout?
Replies: 7
Views: 779

Re: Roth IRA Phaseout?

I could have been clearer. You need to report the contribution you made in 2018 on the 2018 Form 8606. That form will also ask for the balance on Dec 31, 2018. The conversion in 2019 will be reported on a 2019 Form 8606, and sent in with your 2019 tax return in 2020. I believe that a note explainin...
by investor1
Thu Jan 10, 2019 2:40 pm
Forum: Personal Investments
Topic: Roth IRA Phaseout?
Replies: 7
Views: 779

Re: Roth IRA Phaseout?

Thanks!

Is that a typo? It looks like you referenced the same form for 2018 and beyond 2018.
by investor1
Thu Jan 10, 2019 1:55 pm
Forum: Personal Investments
Topic: Roth IRA Phaseout?
Replies: 7
Views: 779

Roth IRA Phaseout?

Hey, I think my mAGI for 2018 is going to be in or above the phaseout for a Roth IRA. I fully funded my Roth IRA last year since I didn't expect to be in the phaseout. My understanding is that I can recharacterize my contributions into a traditional IRA, then convert them back into my Roth IRA. Is t...
by investor1
Thu Jan 19, 2017 5:51 pm
Forum: Personal Consumer Issues
Topic: How much is your cell phone bill?
Replies: 263
Views: 33993

Re: How much is your cell phone bill?

~$22.50/month on Ting <100 minutes / month since I use my computer for VoIP for most calls. 0 SMS since I use Google Voice and Facebook. <500 MB / month since I'm on WiFi most of the time. If that is their sprint network that would cost you $11 on tello and you'd get unlimited 2g speed data after y...
by investor1
Thu Jan 05, 2017 10:23 pm
Forum: Personal Consumer Issues
Topic: How much is your cell phone bill?
Replies: 263
Views: 33993

Re: How much is your cell phone bill?

~$22.50/month on Ting

<100 minutes / month since I use my computer for VoIP for most calls.
0 SMS since I use Google Voice and Facebook.
<500 MB / month since I'm on WiFi most of the time.
by investor1
Tue Dec 06, 2016 9:50 am
Forum: Personal Investments
Topic: New cash into a retirement portfolio
Replies: 6
Views: 979

Re: New cash into a retirement portfolio

Why not live off of it and DCA in the rest until you've either spent it or invested it all? This way you leave your current assets invested.
by investor1
Tue Dec 06, 2016 8:00 am
Forum: Personal Investments
Topic: 40 year old new investor asset allocation question
Replies: 3
Views: 636

Re: 40 year old new investor asset allocation question

If you are comfortable with 65/35, then it is reasonable. If you want a 3 fund portfolio, then setup a 3 fund portfolio rather than a 3 fund account. You didn't mention what you hold in FIDO. The easiest thing to do is call VG and let them handle it. Though, you should check to see if you can roll t...
by investor1
Tue Dec 06, 2016 7:53 am
Forum: Personal Investments
Topic: So the ROTH is maxed, 403B maxed... am I leaving anything out?
Replies: 11
Views: 1679

Re: So the ROTH is maxed, 403B maxed... am I leaving anything out?

Make sure you have an emergency fund.
I assume both you AND your wife are max'ing out seperate Roth IRAs.
Do you have HSAs?
by investor1
Tue Dec 06, 2016 7:47 am
Forum: Personal Investments
Topic: What to do with a sum of money
Replies: 8
Views: 1080

Re: What to do with a sum of money

Open up a brokerage account with Vanguard, have them move the money there, and invest it according to your IPS.
by investor1
Tue Aug 30, 2016 9:12 am
Forum: Personal Investments
Topic: College student with extra cash
Replies: 3
Views: 616

Re: College student with extra cash

A small down payment for what after graduation?
by investor1
Mon Aug 29, 2016 1:16 pm
Forum: Personal Consumer Issues
Topic: Eating Healthy/Meals for One
Replies: 65
Views: 7546

Re: Eating Healthy/Meals for One

I thought frozen veggies had a bunch of preservatives added to them. Best case scenario seems like you'd be adding a bunch of salt to your diet which is already in a bunch of stuff. It would seem to me to be something to generally avoid if you are looking for a whole foods / minimally processed diet...
by investor1
Mon Aug 29, 2016 11:28 am
Forum: Personal Consumer Issues
Topic: Eating Healthy/Meals for One
Replies: 65
Views: 7546

Re: Eating Healthy/Meals for One

I think some of you guys are overlooking the time 'cost'. Cooking fresh (nuking frozen meals doesn't count) for 1 often makes little sense with regards to time spent vs. value/effect. Sure, you can cook 3-4 portions at once and freeze/refrigerate the remainder for future meals, but as the OP has al...
by investor1
Mon Aug 29, 2016 10:51 am
Forum: Personal Consumer Issues
Topic: Eating Healthy/Meals for One
Replies: 65
Views: 7546

Re: Eating Healthy/Meals for One

What size is your freezer? Is it large enough to store those family sized packages of meat if you repackage them into single servings? If so, buy a vacuum sealer and do that. Are you sure you can't buy meat cut to order at your butcher's counter? Maybe I need to get out more, but all of my local sto...
by investor1
Wed Aug 24, 2016 6:43 pm
Forum: Personal Consumer Issues
Topic: Dealing with insurance companies
Replies: 25
Views: 2309

Re: Dealing with insurance companies

....Any offer will be on behalf of the other driver and if you accept it, the case is closed. Er, not quite. Depending on the laws in the OP's state, this may constitute an action for what is termed a deficiency judgment, and the case is most assuredly not "closed". Unless you sign a binding agreem...
by investor1
Wed Aug 24, 2016 6:16 pm
Forum: Personal Consumer Issues
Topic: Dealing with insurance companies
Replies: 25
Views: 2309

Re: Dealing with insurance companies

Arbitration is used during subrogation, and in this case there will be no subrogation as the OP does not carry collision coverage. Small claims court would be your best solution if you do not agree with the settlement offer from the Insurance company. I would supply the estimate to the insurance co...
by investor1
Wed Aug 24, 2016 6:03 pm
Forum: Personal Consumer Issues
Topic: Dealing with insurance companies
Replies: 25
Views: 2309

Re: Dealing with insurance companies

Arbitration is used during subrogation, and in this case there will be no subrogation as the OP does not carry collision coverage. Small claims court would be your best solution if you do not agree with the settlement offer from the Insurance company. I would supply the estimate to the insurance co...
by investor1
Wed Aug 24, 2016 2:19 pm
Forum: Personal Consumer Issues
Topic: Dealing with insurance companies
Replies: 25
Views: 2309

Re: Dealing with insurance companies

Should I tell his insurance company what the estimate to repair my car is or wait until they determine fault?
by investor1
Wed Aug 24, 2016 1:06 pm
Forum: Personal Consumer Issues
Topic: Dealing with insurance companies
Replies: 25
Views: 2309

Re: Dealing with insurance companies

Definitely sue the driver, they're the one at fault. If they lose, then the insurance company has to pay. They'll also do their defense and stuff if it gets that far. I was sued once for an accident that my insurance company said I was not at fault for. They gave me a lawyer, I had to go to court, ...
by investor1
Wed Aug 24, 2016 12:52 pm
Forum: Personal Consumer Issues
Topic: Dealing with insurance companies
Replies: 25
Views: 2309

Re: Dealing with insurance companies

I've had a similar experience. Had an accident, clearly not my fault, I had no collision coverage. Their insurance kept trying to give me nonsense scenarios about how it might have been my fault. Jumped through a lot of hoops for 2 months. Finally told them I was fed up and would be suing, and then...
by investor1
Wed Aug 24, 2016 12:51 pm
Forum: Personal Consumer Issues
Topic: Dealing with insurance companies
Replies: 25
Views: 2309

Re: Dealing with insurance companies

I'm a bit further on in the process than you are but here is what I know. I was sitting at a red stop light and the light turned green. I was 3/4 of the way through the intersection and a person tried to turn in front of me and hit the front quarter panel of my car. It was all on captured video of ...
by investor1
Wed Aug 24, 2016 12:26 pm
Forum: Personal Consumer Issues
Topic: Cutting the Cord - Playstation Vue
Replies: 21
Views: 2718

Re: Cutting the Cord - Playstation Vue

You should also look into Sling TV. It is similar to PS Vue. They offer a different channel selection with different pricing tiers. You can also add on buckets of channels for an additional fee.

Compare the channel lineups and see what is cheaper for what you want.
by investor1
Wed Aug 24, 2016 12:13 pm
Forum: Personal Consumer Issues
Topic: Dealing with insurance companies
Replies: 25
Views: 2309

Re: Dealing with insurance companies

Beware; his insurance company will call you, do an interview, and find you partially responsible thus reducing their cost. My guess is they will find you 20% responsible and will pay 80% of the claim. I already gave a statement to them. This was the day of, and they had not determined fault yet. He...
by investor1
Wed Aug 24, 2016 11:43 am
Forum: Personal Consumer Issues
Topic: Dealing with insurance companies
Replies: 25
Views: 2309

Re: Dealing with insurance companies

You should be able to file a claim on your own collision policy and have your insurance company pursue the other guy through subrogation. The only downside to doing that is you have to pony up your deductibles when you get the car repaired and then wait for your insurance company to reimburse that ...
by investor1
Wed Aug 24, 2016 11:43 am
Forum: Personal Investments
Topic: 39 Year Old Couple - Need Advice
Replies: 14
Views: 4006

Re: 39 Year Old Couple - Need Advice

1. Using the calculation of age minus 10 to get the bond allocation, I calculated 29% (39 years old minus 10), but after looking at our "professionally" managed accounts, they're very aggressive. I'm not experienced in investing which is why we had/have professionals handle it for us, but are these...
by investor1
Wed Aug 24, 2016 11:16 am
Forum: Personal Consumer Issues
Topic: Dealing with insurance companies
Replies: 25
Views: 2309

Dealing with insurance companies

I was recently in a fender bender. I was pulling into a parking space at work when the guy in the spot next to me opened his door which ended up going through my bumper cover, damaging my headlight, and put a small dent in my hood. His door was damaged. Nobody was injured. The guy admitted fault at ...
by investor1
Thu Aug 11, 2016 6:31 am
Forum: Personal Investments
Topic: Investing for retirement 101 Help
Replies: 5
Views: 885

Re: Investing for retirement 101 Help

Do you plan on remaining in the US after you retire?
by investor1
Sat Aug 06, 2016 12:11 pm
Forum: Personal Investments
Topic: Where to store a house fund when you don't want a house for a while?
Replies: 11
Views: 1794

Re: Where to store a house fund when you don't want a house for a while?

dm200 wrote:With such a long timeframe, one approach is to max out retirement funding (401k, IRA, etc.) - and then, as the timeframe is closer, divert any excess to saving for house.
Yep, I've been doing that for years as well.
by investor1
Sat Aug 06, 2016 10:27 am
Forum: Personal Investments
Topic: Where to store a house fund when you don't want a house for a while?
Replies: 11
Views: 1794

Re: Where to store a house fund when you don't want a house for a while?

Thanks for the advice, everyone. I think I'll go with a three fund portfolio with a conservative AA and a glide path similar to that of my retirement portfolio.
by investor1
Fri Aug 05, 2016 9:31 pm
Forum: Personal Investments
Topic: Where to store a house fund when you don't want a house for a while?
Replies: 11
Views: 1794

Where to store a house fund when you don't want a house for a while?

Howdy, Some time ago, I convinced myself that I wanted to be a home owner. While I'm sure that will be the case down the road, it just isn't at the moment. I have been saving for a down payment for years and have roughly $100k sitting in a high interest savings account for this sole purpose. I recen...
by investor1
Wed Jul 27, 2016 1:25 pm
Forum: Personal Investments
Topic: Pay down mortgage now, or wait?
Replies: 9
Views: 2360

Re: Pay down mortgage now, or wait?

I'd leave the money invested in something else. 1.84% shouldn't be that hard to beat after taxes. You can always pay it off later if you wish.
by investor1
Wed Jul 27, 2016 12:08 pm
Forum: Personal Investments
Topic: Age 30, married, help w/ overall portfolio
Replies: 20
Views: 4044

Re: Age 30, married, help w/ overall portfolio

Duckie's response is excellent. The only thing I'd add is you seem to list your Roth IRA under "emergency funds." Given the penalties inherent in withdrawing from these early (and the complexity of borrowing from them), I wouldn't consider anything in an IRA to be emergency funds, regardless of the...
by investor1
Tue May 31, 2016 6:47 pm
Forum: Personal Consumer Issues
Topic: Separate data partition on dual-boot system?
Replies: 60
Views: 5282

Re: Separate data partition on dual-boot system?

For years, my process has been: 1. Install Windows 2. Disable hibernation 3. Disable system restore, kernal memory dump, and the pagefile system. 4. Run disk cleanup 5. Defragment the drive 6. Shrink the drive 7. Re-enable the items listed in step 3. 8. Install Linux The last step automatically crea...
by investor1
Tue May 31, 2016 6:38 pm
Forum: Personal Investments
Topic: Finally getting serious... Need advice
Replies: 8
Views: 1325

Re: Finally getting serious... Need advice

If you are counting on your employer for $125k of salary each year, do you really want to count on them for $65k worth of stock every year? Do you want to also count on them for nearly half of your portfolio? Advice on this board tends to go the route of being heavily diversified which the above doe...
by investor1
Mon Apr 18, 2016 11:42 am
Forum: Personal Finance (Not Investing)
Topic: Progressive or Geico?
Replies: 37
Views: 7124

Re: Progressive or Geico?

Geico is typically cheaper since they don't use OEM parts. I've never had a claim, so cheaper = better for me.
by investor1
Mon Apr 18, 2016 11:40 am
Forum: Personal Finance (Not Investing)
Topic: How Did You File Your Income Taxes for 2015?
Replies: 101
Views: 9675

Re: How Did You File Your Income Taxes for 2015?

Free eFile. Both state and federal.
by investor1
Wed Feb 03, 2016 8:38 pm
Forum: Personal Consumer Issues
Topic: Do you pay for exercise?
Replies: 222
Views: 21566

Re: Do you pay for exercise?

Yes, I pay $10/month and an additional $25/year for 24/7 access to a gym that provides both cardio and weights (free weights and cable machines) as well as a locker room, shower, bathroom, steam room, and sauna. They offer more services, but they cost more, and I don't use or pay for them. It rains ...
by investor1
Wed Feb 03, 2016 8:29 pm
Forum: Personal Consumer Issues
Topic: Best Tips for Packing & Moving?
Replies: 14
Views: 1911

Re: Best Tips for Packing & Moving?

Get boxes of the same size. Either buy them, get them for free off of Craigslist, or go to the local liquor store and ask them for free boxes (IMHO those boxes are not big enough). Remember, the bigger the box, the fewer the the trips you must make. Balance that with your ability to carry the boxes....
by investor1
Wed Feb 03, 2016 2:18 pm
Forum: Investing - Theory, News & General
Topic: Vanguard expectations for 2016
Replies: 11
Views: 2999

Re: Vanguard expectations for 2016

I guess this means I can still buy assets for a low price. Actually what he seems to be implying is that assets are expensive by historical standards. My assumption is that today's prices will be much lower than they will by the time I begin selling my assets. The idea that the price of these asset...
by investor1
Wed Feb 03, 2016 2:15 pm
Forum: Personal Investments
Topic: Would love input on retirement investing strategy for a novice trying to make deep strides.
Replies: 52
Views: 4403

Re: Would love input on retirement investing strategy for a novice trying to make deep strides.

Save as much as you can. I think your projection of earning a "market average" of 10% is way too high. You can withdraw from your 401ks w/o penalty beginning the year you turn 55 as long as you leave the employer that provides that 401k the same year. You didn't list your income level, but seem to b...
by investor1
Tue Feb 02, 2016 12:43 pm
Forum: Personal Investments
Topic: Handful of questions...
Replies: 8
Views: 1230

Re: Handful of questions...

1. Am I overweight in small-cap stocks? Ideally for our retirement account(s) aiming for a 85/15 allocation. 2. Available funds in my 401k aren't great but the PIMCO Total Return (PTRAX, 0.71%) is there, is this a decent fund to add the missing 15%? 3. Looking to open and max a ROTH IRA, holding VT...
by investor1
Tue Feb 02, 2016 12:27 pm
Forum: Investing - Theory, News & General
Topic: Vanguard expectations for 2016
Replies: 11
Views: 2999

Re: Vanguard expectations for 2016

I guess this means I can still buy assets for a low price.