Search found 919 matches

by Iorek
Sun Aug 19, 2018 8:49 am
Forum: Personal Finance (Not Investing)
Topic: How to Treat "Negative" Basis in Nondeductible IRA
Replies: 50
Views: 1952

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

If the IRS ever intended that a total distribution of a TIRA or Roth IRA for less than the account basis was addressed solely by the misc deduction, they never so indicated. Instead, for TIRAs they published a "Total Basis Chart" in the 8606 Inst. These instructions also do not mention that such ba...
by Iorek
Sat Aug 18, 2018 5:28 pm
Forum: Investing - Help with Personal Investments
Topic: Minimizing Capital Gains Tax When Transferring to Vanguard
Replies: 10
Views: 631

Re: Minimizing Capital Gains Tax When Transferring to Vanguard

You should separate out the question of which firm has custody of your assets and what those assets are. I would assume the first step is to transfer the assets over-- that should not incur any capital gains tax but would simply be a change in which firm is custodian of the assets. You can't transfe...
by Iorek
Sat Aug 18, 2018 11:06 am
Forum: Investing - Help with Personal Investments
Topic: Advantages of I-Bonds vs CD ?
Replies: 27
Views: 3365

Re: Advantages of I-Bonds vs CD ?

I don't want to use my limited IRA space for many bonds, so I perceive I-bonds as being the easiest way to get some inflation protection and also as being a good second level emergency fund. Occasionally the purchase limit has been a constraint but usually it's not (it probably does constrain my dec...
by Iorek
Sat Aug 18, 2018 9:54 am
Forum: Personal Finance (Not Investing)
Topic: How to Treat "Negative" Basis in Nondeductible IRA
Replies: 50
Views: 1952

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

Suppose you do backdoor Roths every year. One year you forget to convert right away and the $5,500 drops to $5,000. Your basis (non-deductible contribution) is still 5.500. If you convert the $5,000 to Roth, then you will have a negative basis remaining (5,000 conversion minus its basis of 5,500). ...
by Iorek
Thu Aug 16, 2018 1:55 pm
Forum: Personal Consumer Issues
Topic: Best (cheapest) way to book a flight well in advance
Replies: 15
Views: 1521

Re: Best (cheapest) way to book a flight well in advance

Southwest flies to Costa Rica and does not show up on many search engines, so I'd check them separately. (Also if you see their cheapest fare available, that's probably going to be a good fare) I'd be careful about booking Spirit (things might go great but if they don't-- if your flight is canceled-...
by Iorek
Wed Aug 15, 2018 11:12 am
Forum: Investing - Theory, News & General
Topic: Maturing Credit Union 3% CD's this year
Replies: 45
Views: 4545

Re: Maturing Credit Union 3% CD's this year

Bumping this topic because I have a NWFCU CD maturing this fall and they just sent an offer for a 2.75% apy 30 month CD. Seems competitive (if not the absolute best rate out there)?

Also interested to hear what else people are considering.
by Iorek
Wed Aug 01, 2018 11:53 am
Forum: Personal Finance (Not Investing)
Topic: Should I buy new Nissan Leaf?
Replies: 35
Views: 2385

Re: Should I buy new Nissan Leaf?

I would do it-- only issue would be whether to wait for next year's model because it will have a range closer to 250 miles than 150 miles-- it will probably cost $5-6k more though.
by Iorek
Sat Jul 28, 2018 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: EMV Chip + Pin priority credit cards available in the USA?
Replies: 11
Views: 571

Re: EMV Chip + Pin priority credit cards available in the USA?

There is a lot of information over on the flyertalk boards. I think this might be the most recent thread/wiki

https://www.flyertalk.com/forum/credit- ... a-242.html
by Iorek
Wed Jul 25, 2018 9:25 pm
Forum: Personal Consumer Issues
Topic: How to Learn Italian (a little) Before Trip to Italy
Replies: 34
Views: 2064

Re: How to Learn Italian (a little) Before Trip to Italy

I've used mango through our local library and liked it. It's pretty good at teaching some basic conversational phrases, although you might have to stick with a few lessons to get a good range. Probably you don't "need" but I think it's at least polite, you never know when it will come it handy, and ...
by Iorek
Wed Jul 25, 2018 9:24 pm
Forum: Personal Consumer Issues
Topic: How to Learn Italian (a little) Before Trip to Italy
Replies: 34
Views: 2064

Re: How to Learn Italian (a little) Before Trip to Italy

I've used mango through our local library and liked it. It's pretty good at teaching some basic conversational phrases, although you might have to stick with a few lessons to get a good range. Probably you don't "need" but I think it's at least polite, you never know when it will come it handy, and ...
by Iorek
Mon Jul 23, 2018 6:52 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone sell their car to Carmax or webuyanycar.com?
Replies: 34
Views: 3486

Re: Anyone sell their car to Carmax or webuyanycar.com?

crystalbank wrote:
Mon Jul 23, 2018 6:32 pm
You can also try Vroom.com and Carvana. They both compete with Carmax and usually have better appraisals.
I had a good experience with Vroom as mentioned in this thread--

viewtopic.php?f=11&t=203121
by Iorek
Sat Jul 21, 2018 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: Federal Benefits Question - Annuity, TSP, FEHBP
Replies: 21
Views: 1472

Re: Federal Benefits Question - Annuity, TSP, FEHBP

Just noting the COLA is 1% less than CPI increase if the CPI increase is 3% or more.
by Iorek
Mon Jul 16, 2018 8:39 pm
Forum: Personal Consumer Issues
Topic: Would you pay $120 for a 5 year dishwasher warranty?
Replies: 61
Views: 2919

Re: Would you pay $120 for a 5 year dishwasher warranty?

I did and am glad-- used it probably 4 times so far? Once it turned out the problem was a supply pipe freezing, but did not get charged for the service visit (which would have been $100). Once the control panel died (guy mumbled something about moisture not being good for electronics). Then the cont...
by Iorek
Wed Jul 11, 2018 7:23 pm
Forum: Personal Finance (Not Investing)
Topic: looking for a new (online) savings account home
Replies: 23
Views: 2054

Re: looking for a new (online) savings account home

Thanks all. I don't feel the need to rate chase, but I am starting to take it a little personally that Emigrant Direct sees no need to even pretend to be competitive on rates, so maybe we'll switch to Ally.
by Iorek
Tue Jul 10, 2018 8:34 pm
Forum: Personal Finance (Not Investing)
Topic: looking for a new (online) savings account home
Replies: 23
Views: 2054

looking for a new (online) savings account home

I like to keep some cash in an online savings account as a savings account for home repairs/car replacement/emergencies, etc. It fluctuates but it's generally in the $20-60k range. For a long time we've been used emigrant direct because 10+ years ago it had good rates, and while it hasn't had compet...
by Iorek
Sat Jun 02, 2018 8:11 am
Forum: Personal Consumer Issues
Topic: Any reasons to not put money down for a Tesla Model 3?
Replies: 45
Views: 3161

Re: Any reasons to not put money down for a Tesla Model 3?

You should go test drive a Chevy Bolt-- that is an affordable well-built EV with 200+ mile range you can actually test drive (see Motor Trend's verdict after a year here http://www.motortrend.com/cars/chevrolet/bolt-ev/2017/2017-chevrolet-bolt-ev-review-long-term-verdict/) If you need a bit less ran...
by Iorek
Mon Apr 02, 2018 9:51 am
Forum: Personal Finance (Not Investing)
Topic: Applying some of refund to next year
Replies: 13
Views: 1018

Re: Applying some of refund to next year

If you use the same tax software this year and next year the software should automatically carry over the prepaid amount (at least turbotax does). I don't pay estimated tax so sometimes if I have a refund coming this year and extra income coming next year I will throw $500-1000 at next year's taxes....
by Iorek
Sun Mar 18, 2018 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Question - NJ vs PA + DC vs NY vs PA
Replies: 7
Views: 494

Re: Tax Question - NJ vs PA + DC vs NY vs PA

You haven't provided many facts so I would just caution you to be careful about assuming you can decide where you and your wife are resident. You may have researched it thoroughly and reached that conclusion but IME the state laws can be tricky here and one usually has less flexibility than one migh...
by Iorek
Sat Mar 17, 2018 11:05 am
Forum: Personal Finance (Not Investing)
Topic: DAF tax reporting
Replies: 7
Views: 384

Re: DAF tax reporting

I think if they were purchased at various dates but all the dates are over a year ago, TT will let you use "various" as the date. (Even if they don't, you could override the form to use that and file a paper return).
by Iorek
Thu Mar 15, 2018 6:34 pm
Forum: Investing - Help with Personal Investments
Topic: If you were to fully fund 2 Roths 22k tommorow.
Replies: 20
Views: 1586

Re: If you were to fully fund 2 Roths 22k tommorow.

Personally I would put it in a target retirement fund but others will chime in to say you should indicate what the rest of your savings are, where they are invested, and what your preferred asset allocation is.
by Iorek
Mon Mar 12, 2018 11:42 am
Forum: Investing - Help with Personal Investments
Topic: Stay in federal employment vs leave for private practice
Replies: 30
Views: 2796

Re: Stay in federal employment vs leave for private practice

With 4 kids no way would I do that. Realistically how much time could you spend with/being responsible for your kids?
by Iorek
Sat Mar 10, 2018 11:01 am
Forum: Investing - Help with Personal Investments
Topic: Stay in federal employment vs leave for private practice
Replies: 30
Views: 2796

Re: Stay in federal employment vs leave for private practice

I guess you could try to cost it out for a better apples to apples comparison but it does not sound to me as though it is worth it (but admittedly I am a little biased against change because of the uncertainties). You will face increased demands, and a huge commute, which have the potential to add a...
by Iorek
Wed Mar 07, 2018 9:52 pm
Forum: Investing - Help with Personal Investments
Topic: How many shares of VT can I buy without affecting the price?
Replies: 20
Views: 2695

Re: How many shares of VT can I buy without affecting the price?

If you were concerned about it, couldn't you avoid the problem by purchasing the mutual fund and converting to the ETF?

Seems like if there was an effect on share prices from your purchase that would spread it across the entire mutual fund. Or am I thinking about that wrong?
by Iorek
Thu Mar 01, 2018 9:25 pm
Forum: Personal Consumer Issues
Topic: Nanny Payroll Services - Who do you use?
Replies: 17
Views: 2442

Re: Nanny Payroll Services - Who do you use?

I did it myself. My state allowed UI to be paid online each quarter, and for federal I upped my withholding and filed schedule H on my 1040. SSA also lets you file electronically (and even generated a nice W2 for me to give to the employee). I understand not everyone wants to do it themselves, espec...
by Iorek
Wed Feb 28, 2018 11:01 pm
Forum: Investing - Theory, News & General
Topic: Donor Advised Fund (DAF) - Which Company to Use
Replies: 41
Views: 3813

Re: Donor Advised Fund (DAF) - Which Company to Use

I don't have experience with the others but I went with Schwab because that's where the securities we wanted to donate were held and we've been happy. It's very nice to think "I'd like to give some loney money to this group" and then I can open up the Schwab app, type in the charity and amount (and ...
by Iorek
Thu Feb 22, 2018 8:10 am
Forum: Investing - Help with Personal Investments
Topic: Help invest an extra $5,000 per month
Replies: 19
Views: 2481

Re: Help invest an extra $5,000 per month

I agree with backdoor Roths for 2017 and 2018 (I actually wouldn't bother converting until you've made the 2018 contribution and if bonuses might put you over the income limit there's no reason not to err on the safe side and just do a backdoor Roth). I think you have enough that you could sensibly ...
by Iorek
Mon Feb 19, 2018 11:22 pm
Forum: Personal Consumer Issues
Topic: Seeking Cruise Suggestions
Replies: 36
Views: 2613

Re: Seeking Cruise Suggestions

I would second Windstar as a possible cruise line (although Azamara and Ponant I think also tend to have interesting cruises). If you sign up for their emails you will see they sometimes have repositioning cruises, where they need to get the ship from the Mediterranean to Asia or North America which...
by Iorek
Mon Feb 19, 2018 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: Estate Planning RLT vs. Testamentary (Texas)
Replies: 13
Views: 898

Re: Estate Planning RLT vs. Testamentary (Texas)

Do you have a mortgage on your residence (and any possibility of refinancing it)? IIRC having property in trust complicates borrowing on it. In general I think living trusts are overrated but it can be state-specific and it sounds like you are at least doing your homework to make an informed decision.
by Iorek
Sat Feb 17, 2018 10:19 am
Forum: Personal Finance (Not Investing)
Topic: Rent or Sell - DC Version
Replies: 15
Views: 1293

Re: Rent or Sell - DC Version

True, but you just have to live there for 2 of the last 5 years. You can rent for two years, list in spring/summer 2020, and then sell. Because of DC laws I would be cautious about this approach. Which DC law(s)? The ones discussed already-- primarily TOPA but also landlord-tenant law in general. T...
by Iorek
Sat Feb 17, 2018 12:47 am
Forum: Personal Finance (Not Investing)
Topic: Rent or Sell - DC Version
Replies: 15
Views: 1293

Re: Rent or Sell - DC Version

DVMResident wrote:
Fri Feb 16, 2018 12:27 pm


True, but you just have to live there for 2 of the last 5 years. You can rent for two years, list in spring/summer 2020, and then sell.
Because of DC laws I would be cautious about this approach.
by Iorek
Thu Feb 15, 2018 8:15 am
Forum: Personal Finance (Not Investing)
Topic: Rent or Sell - DC Version
Replies: 15
Views: 1293

Re: Rent or Sell - DC Version

We faced a similar decision and decided to sell which for us was probably a financial loser but still the right decision. The questions I'd ask are whether you have considered all the issues related to being a landlord. This is a very good thread, ICYMI https://www.bogleheads.org/forum/viewtopic.php...
by Iorek
Sun Feb 11, 2018 1:06 pm
Forum: Investing - Help with Personal Investments
Topic: Which 529 to use: Nevada, Utah, or Michigan?
Replies: 5
Views: 733

Re: Which 529 to use: Nevada, Utah, or Michigan?

I use Utah because of the ability to design your own target date allocation and the low fees (I don't think their fees are higher than NV, & might be lower). I started with them before DFA became available and consider that a bonus.
by Iorek
Sat Feb 03, 2018 11:21 pm
Forum: Personal Finance (Not Investing)
Topic: Opening an LLC for investing: tax advantages?
Replies: 12
Views: 1675

Re: Opening an LLC for investing: tax advantages?

I would at least wait and see what rules come out about this-- without straying into forbidden areas I think it is accurate to say that this possibility was on the minds of Congress and Treasury and they discussed various ways of addressing it(but I admit I can't say I know how it came out in the en...
by Iorek
Tue Jan 30, 2018 8:05 am
Forum: Personal Finance (Not Investing)
Topic: Tax help - DAF contribution
Replies: 31
Views: 2536

Re: Tax help - DAF contribution

As far as TurboTax, I've noticed that it (along with other tax software) will occasionally ask for information that is not actually needed. They generally show it on a worksheet somewhere but not always. I find it helpful to look at the forms it is producing and see how/if it is used on anything go...
by Iorek
Mon Jan 29, 2018 10:14 pm
Forum: Personal Finance (Not Investing)
Topic: Tax help - DAF contribution
Replies: 31
Views: 2536

Re: Tax help - DAF contribution

This is not tax advice, but IIRC you only need the basis if you owned the shares for less than a year. That said, I would just call VG again and ask.
by Iorek
Mon Jan 29, 2018 8:20 pm
Forum: Investing - Theory, News & General
Topic: The Value of Your FERS Annuity and Your TSP Investment Strategy
Replies: 14
Views: 1555

Re: The Value of Your FERS Annuity and Your TSP Investment Strategy

The TSP's target date funds realize their terminal allocation of 20/80 at the target date, which is much more conservative than even Vanguard's terminal allocation of 30/70, which isn't realized until 7 years after the target date. I've wondered if L funds get so conservative near the target date b...
by Iorek
Mon Jan 29, 2018 10:53 am
Forum: Investing - Theory, News & General
Topic: The Value of Your FERS Annuity and Your TSP Investment Strategy
Replies: 14
Views: 1555

Re: The Value of Your FERS Annuity and Your TSP Investment Strategy

I think for feds the TSP annuity offers a better approach for converting between lump sum and annual income. I also think he fails to discuss entirely whether feds need to take additional risk by investing heavily in equities. If (!) you can meet your basic needs from your annuity plus social securi...
by Iorek
Sat Jan 27, 2018 9:47 pm
Forum: Investing - Help with Personal Investments
Topic: Socially responsible bonds
Replies: 15
Views: 1248

Re: Socially responsible bonds

I think someone should be able to get advice about how to engage in socially responsible investing without the thread being taken over with 95% responses on why SRI is a bad idea. I don't jump into threads about how to slice and dice portfolios and say three fund is better (and I certainly wouldn't ...
by Iorek
Mon Jan 22, 2018 9:59 pm
Forum: Personal Finance (Not Investing)
Topic: Help with Real Estate in Montgomery County MD
Replies: 6
Views: 651

Re: Help with Real Estate in Montgomery County MD

I would agree with getting a realtor. I'd caution even against letting the neighbor match the bid of other people-- if they want it they should have the highest offer.
by Iorek
Sat Jan 20, 2018 6:37 pm
Forum: Personal Finance (Not Investing)
Topic: Discussing a 529 with your kids
Replies: 79
Views: 5928

Re: Discussing a 529 with your kids

My kid is only at the start of high school but knows he has a college fund-- we started it pretty much from birth and have discussed it as an example of long term saving we are doing. I think he knows the fund is enough for state school but may or may not be enough for private, but even if it's not ...
by Iorek
Wed Jan 17, 2018 9:42 pm
Forum: Personal Consumer Issues
Topic: Car Scratch Removal
Replies: 13
Views: 1289

Re: Car Scratch Removal

I think Langka makes a pretty good scratch removal kit (and they'll sell you touch up paint too).
by Iorek
Sat Jan 06, 2018 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: Should I take this promotion?
Replies: 26
Views: 2330

Re: Should I take this promotion?

I don't want to minimize the difference between doing "substantive" work and being a manager-- some people are much happier doing one than the other and if you know you never want to manage and this job would be primarily management you shouldn't go for it just because you think you "should". On the...
by Iorek
Sat Jan 06, 2018 10:21 am
Forum: Investing - Theory, News & General
Topic: Backdoor Roth: How Long To Wait For Conversion?
Replies: 58
Views: 16519

Re: Backdoor Roth: How Long To Wait For Conversion?

Since I contributed "only" $5500 to the Traditional IRA prior to conversion I'm technically still not going over the contribution limit, correct? Correct. I'm assuming the IRS rounds to the nearest dollar based on what I've seen on the tax prep software I've used in the past, so $0.14 shouldn't mak...
by Iorek
Tue Jan 02, 2018 6:43 pm
Forum: Investing - Help with Personal Investments
Topic: Wills and Trusts...
Replies: 3
Views: 611

Re: Wills and Trusts...

Get a copy of Willmaker plus (book and software) and write yourself a will.
by Iorek
Mon Jan 01, 2018 11:18 am
Forum: Personal Consumer Issues
Topic: Your travel tips for Vienna and Budapest?
Replies: 23
Views: 1528

Re: Your travel tips for Vienna and Budapest?

We liked the tour of Parliament in Budapest but it took some effort/planning (ISTR you had to wait in line in the morning to get English language tour tickets, and then come back later in the afternoon).
by Iorek
Sun Dec 31, 2017 9:21 am
Forum: Personal Finance (Not Investing)
Topic: Making Roth Conversion Today - how will it be treated?
Replies: 30
Views: 1829

Re: Making Roth Conversion Today - how will it be treated?

It is always an option not to try and exploit every dollar of advantage. You are certainly entitled to try and convert the last dollar of the 0% bracket while holding on to your Obamacare subsidies, but complaining that the fund companies don't make it easier for you to do it seems a bit much IMO.
by Iorek
Fri Dec 29, 2017 10:33 pm
Forum: Personal Finance (Not Investing)
Topic: How many years of deductions for a new DAF?
Replies: 17
Views: 1304

Re: How many years of deductions for a new DAF?

Their website still indicates you can contribute Vanguard securities thru Vanguard.com (or a mailed check) until Dec 31
by Iorek
Fri Dec 29, 2017 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: Donating shares from Vanguard
Replies: 17
Views: 1298

Re: Donating shares from Vanguard

OP may still have time to open a donor advised fund with VG shares, but I think that has a $25k minimum (although once you open the account you wouldn't have to contribute the entire $25k in a single year or to a single organization). This is why many people, including me, opt to open a Fidelity DA...
by Iorek
Fri Dec 29, 2017 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: New Tax Bill -- Should we open a Donor Advised Fund (DAF) before the end of the year?
Replies: 67
Views: 3655

Re: New Tax Bill -- Should we open a Donor Advised Fund (DAF) before the end of the year?

And at POF and gasdoc, yes it is too late to start the DAFs, at least w/ appreciated holdings. When I browsed the FAQ section of the Vanguard Charitable website, it had a list of cut-off dates, and I think it was 12/21 to start it w/ a transfer of holdings. This was the same for Fidelity's DAF. But...