Search found 119 matches

by nerdymarketer
Tue Feb 12, 2019 1:34 am
Forum: Personal Finance (Not Investing)
Topic: Missed deadline to open a Dependant care FSA
Replies: 1
Views: 240

Re: Missed deadline to open a Dependant care FSA

I know that once enrolled, it is possible to change the election amount mid-year. Typically this is easier than other FSAs, such as health, because you only need to substantiate a change in daycare costs. However, I do not know whether this requires you to be already enrolled or if you can enroll la...
by nerdymarketer
Wed Feb 06, 2019 9:44 pm
Forum: Personal Investments
Topic: Megabackdoor 401K: How many 1099-R's should I get for two rollovers?
Replies: 3
Views: 338

Re: Megabackdoor 401K: How many 1099-R's should I get for two rollovers?

Thank you Alan. Last year I did an in-plan conversion, and they issued me a 1099-R, so I know they are at least somewhat familiar with it. I suspect this year they just messed up... I dropped them an email. I have noticed/had them correct multiple issues in the past, so they are familiar with me and...
by nerdymarketer
Wed Feb 06, 2019 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: Employer reported part of ISO sale as compensation income
Replies: 9
Views: 707

Re: Employer reported part of ISO sale as compensation income

Indeed, I didn't even think about the deductability to the company of the additional compensation. Thank you for looking that up. Overall, I don't think this particular company was trying to screw its employees--it's got a strongly pro-employee culture. I suspect they just didn't want to jeopardize ...
by nerdymarketer
Wed Feb 06, 2019 3:37 pm
Forum: Personal Investments
Topic: Megabackdoor 401K: How many 1099-R's should I get for two rollovers?
Replies: 3
Views: 338

Megabackdoor 401K: How many 1099-R's should I get for two rollovers?

I have a 401K with the after-tax (megabackdoor) option. Last year I did two sets of rollovers: I contributed ~$20K which I then rolled over to the Roth 401K within the plan. There was a gain of ~$600. This zero'd out the after-tax bucket at that point in time. I contributed an additional $16K which ...
by nerdymarketer
Wed Jan 30, 2019 3:21 am
Forum: Personal Finance (Not Investing)
Topic: Employer reported part of ISO sale as compensation income
Replies: 9
Views: 707

Re: Employer reported part of ISO sale as compensation income

I had a similar opportunity, and the company was going to treat up to the most recent 409a value as cap gains (short or long depending on how long you'd held the stock), and the extra money above the 409a was going to be treated as normal W-2 compensation money, with no option to treat it as cap gai...
by nerdymarketer
Thu Oct 11, 2018 1:38 pm
Forum: Personal Consumer Issues
Topic: Anyone here major in Economics in college?
Replies: 92
Views: 7216

Re: Anyone here major in Economics in college?

Get a Math/Econ combined major or a CS / Econ combined major.

Either is extremely valuable in this age of data scientists.
by nerdymarketer
Mon Sep 03, 2018 10:20 am
Forum: Personal Consumer Issues
Topic: bench vise recommendation
Replies: 20
Views: 1393

Re: bench vise recommendation

Check out the GarageJournal.com forums for vise info. For most personal DIY use, a 4" is plenty big, and a 6" is probably too big. Based on the positive recommendations on GJ, I bought a Yost FSV-5 when Amazon had a sale on them for $95. If you check Amazon's warehouse deals, you can regularly find ...
by nerdymarketer
Fri Aug 31, 2018 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone donated stock in a private company to a Donor Advised Fund?
Replies: 4
Views: 420

Re: Has anyone donated stock in a private company to a Donor Advised Fund?

Thanks, that's helpful. I did call Fidelity this morning, and one of their specialists will be calling me back. But it did sound very much like it depends on whether they can get liquidity. Which is unfortunate, as my income this year is abnormally high, so from a tax perspective, it's a good year f...
by nerdymarketer
Fri Aug 31, 2018 5:09 am
Forum: Personal Finance (Not Investing)
Topic: Has anyone donated stock in a private company to a Donor Advised Fund?
Replies: 4
Views: 420

Has anyone donated stock in a private company to a Donor Advised Fund?

Because I was curious to hear from folks who have actually gone through this process... Just how painful was it?

I updated the thread title to reflect that.
by nerdymarketer
Fri Aug 31, 2018 3:47 am
Forum: Personal Finance (Not Investing)
Topic: Has anyone donated stock in a private company to a Donor Advised Fund?
Replies: 4
Views: 420

Has anyone donated stock in a private company to a Donor Advised Fund?

Has anyone donated private company stock to a Donor Advised Fund? How painful was the process? I own some stock in a small tech company organized as a C-Corp. On paper, the stock is worth six figures, but there's no liquidity event in sight. I have a DAF with Fidelity and I read that they accept pri...
by nerdymarketer
Sun Jul 08, 2018 2:25 am
Forum: Personal Consumer Issues
Topic: garden hose
Replies: 46
Views: 5247

Re: garden hose

Sears puts these rubber hoses on a massive sale a couple of times a year in the spring and summer. I just set an alert on Slickdeals to email me whenever someone mentions "Craftsman hose". I highly recommend them, once I started using rubber hoses in my water hoses and air hoses I could never imagin...
by nerdymarketer
Sun Jul 08, 2018 2:08 am
Forum: Personal Consumer Issues
Topic: Subaru Ascent owners out there?
Replies: 33
Views: 5055

Re: Subaru Ascent owners out there?

How does the cargo trunk space compare on the Ascent? I can see the volume specs, but those aren't always comparable across manifacturers. So how usable is it actually in real life? I do a fair bit of dirt road driving where I don't need fancy four wheeling, but I do need high clearance... Unfortuna...
by nerdymarketer
Tue May 08, 2018 6:47 pm
Forum: Personal Finance (Not Investing)
Topic: Another PMI vs fund tax exempt question
Replies: 5
Views: 563

Re: Another PMI vs fund tax exempt question

Can you do a contribution to the Solo401K (so you don't lose the tax space) followed by a loan from the Solo401K back to yourself? ETrade is a custodian that allows loans, and you can do a max of $50K or half your 401K value. This may allow you to immediately drop PMI.
by nerdymarketer
Fri May 04, 2018 1:46 am
Forum: Personal Finance (Not Investing)
Topic: Tax risks of exercising ISO options after 409a expires?
Replies: 2
Views: 461

Re: Tax risks of exercising ISO options after 409a expires?

Sorry, I should have been more clear. I have no hesitation about exercising these options.

Simply trying to understand what risks do I incur by exercising shortly after the previous 409a expired but before the next 409a is in place.
by nerdymarketer
Wed May 02, 2018 2:48 am
Forum: Personal Finance (Not Investing)
Topic: Tax risks of exercising ISO options after 409a expires?
Replies: 2
Views: 461

Tax risks of exercising ISO options after 409a expires?

What are the tax implications/risks of exercising ISOs after the most recent 409a expires? I plan to exercise some ISOs, and trying to decide on timing. The last 409a was done just over a year ago, so technically it's expired. Finance department got delayed, and the next 409a will not happen for ano...
by nerdymarketer
Sat Apr 28, 2018 6:51 pm
Forum: Personal Consumer Issues
Topic: Lake Tahoe
Replies: 28
Views: 2922

Re: Lake Tahoe

With boys that age, they may be interested in some of the amazing mountain biking. We took a shuttle from the lake up to Spooner Pass, then rode the Tahoe Rim trail south a few miles, then eventually descended back to the mountain bike shop's parking lot via the Flume trail. I think my wife and I co...
by nerdymarketer
Mon Apr 02, 2018 1:52 am
Forum: Personal Consumer Issues
Topic: Tired of gas grills rusting out...
Replies: 99
Views: 11154

Re: Tired of gas grills rusting out...

What specifically is rusting out? The flavorizer bars? Buy stainless and instead of getting the 18 gauge weber ones buy the 16 gauge ones off eBay--they will last longer. This is the one part you should expect to eventually wear out and need replacement. The burners? Again, buy stainless steel and i...
by nerdymarketer
Thu Mar 22, 2018 11:34 pm
Forum: Personal Finance (Not Investing)
Topic: Employer contributing to an HSA for me even after I notified them I'm ineligible?
Replies: 3
Views: 675

Re: Employer contributing to an HSA for me even after I notified them I'm ineligible?

Bumping this as I still would like confirmation re: the following: 1) It is okay if the employer contributes to the HSA during pay periods right now even though technically I will not be eligible until later in the year when my wife ceases to have FSA coverage. Sounds like this is okay, which again,...
by nerdymarketer
Sat Mar 17, 2018 2:26 am
Forum: Personal Finance (Not Investing)
Topic: Employer contributing to an HSA for me even after I notified them I'm ineligible?
Replies: 3
Views: 675

Re: Employer contributing to an HSA for me even after I notified them I'm ineligible?

Thank you. And if I do not become eligible this year (there's some extenuating life circumstances so we are currently unsure what will happen), then do I just ask them to pull it out at the end of the year? I'm glad I asked, I want to do the honest/right thing, and was thinking that meant contacting...
by nerdymarketer
Fri Mar 16, 2018 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: Employer contributing to an HSA for me even after I notified them I'm ineligible?
Replies: 3
Views: 675

Employer contributing to an HSA for me even after I notified them I'm ineligible?

My employer recently added a HSA-compatible HDHP plan, and said that if we sign up, they will contribute a portion of the HSA. I signed up for the HDHP plan, and simultaneously notified HR that I am not eligible for the HSA due to my wife's FSA. I will likely be eligible later in the year. They conf...
by nerdymarketer
Mon Feb 26, 2018 2:32 pm
Forum: Personal Investments
Topic: How should 401K non-deductible / non-Roth contributions be reported on W-2?
Replies: 3
Views: 351

Re: How should 401K non-deductible / non-Roth contributions be reported on W-2?

Much thanks to you both!

brother7, thanks especially for citing the IRS, makes it very easy to explain to HR why this is incorrect.
by nerdymarketer
Mon Feb 26, 2018 3:49 am
Forum: Personal Investments
Topic: How should 401K non-deductible / non-Roth contributions be reported on W-2?
Replies: 3
Views: 351

How should 401K non-deductible / non-Roth contributions be reported on W-2?

My employer allows employees to make non-deductible / after-tax / non-Roth contributions to our 401K. I contributed $ and then later in the year did an in-plan Roth rollover to convert this money to Roth status. A coworker also made contributions last year, but did not do the in-plan Roth rollover u...
by nerdymarketer
Fri Feb 09, 2018 5:14 pm
Forum: Personal Finance (Not Investing)
Topic: What qualifies as ending FSA coverage for HSA eligibility?
Replies: 9
Views: 852

Re: What qualifies as ending FSA coverage for HSA eligibility?

Thanks Spirit Rider, I was hoping you would chime in. I never cease to be amazed at how much you know about this stuff. The FSA grace period option provides coverage until 2 1/2 months after the end of the plan year in your wife's case this will be 3/15/19 with a calendar plan year. This will make y...
by nerdymarketer
Fri Feb 09, 2018 11:43 am
Forum: Personal Finance (Not Investing)
Topic: What qualifies as ending FSA coverage for HSA eligibility?
Replies: 9
Views: 852

Re: What qualifies as ending FSA coverage for HSA eligibility?

No limited purpose FSA, although they're considering it for next year. Good to know about the grace period. Yesterday evening I did stumble across an IRS ruling to that effect What I cannot seem to find is clear ruling about whether leaving your job mid-year qualifies as ending FSA plan coverage. Lo...
by nerdymarketer
Fri Feb 09, 2018 1:43 am
Forum: Personal Consumer Issues
Topic: Multiiple indicator lights on (car)
Replies: 44
Views: 2198

Re: Multiiple indicator lights on (car)

Use a code scanner and find out what error code(s) correspond to that combination of lights. I have a heck of a time finding the scanner ports. I found it on my own car via touch, but I've never been able to find it on other cars. By law, the OBD port must be within 2-3 feet of the steering wheel. ...
by nerdymarketer
Thu Feb 08, 2018 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: What qualifies as ending FSA coverage for HSA eligibility?
Replies: 9
Views: 852

What qualifies as ending FSA coverage for HSA eligibility?

My employer offers a HDHP with an HSA. When am I eligible to contribute to the HSA? Situation: My wife: - FSA through her employer which runs the normal calendar year, and has a 3 month grace period so it covers expenses through 3/1/2019 - my wife is considering quitting her job sometime this summer...
by nerdymarketer
Wed Feb 07, 2018 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: Is this 1099-R for my megabackdoor 401k incorrect?
Replies: 16
Views: 1717

Re: Is this 1099-R for my megabackdoor 401k incorrect?

Thanks all.

Alan, thank you for clarifying box 10.

The only piece I don't understand is what is the purpose of box 14 and why should it be blank?
by nerdymarketer
Wed Feb 07, 2018 12:08 am
Forum: Personal Finance (Not Investing)
Topic: Is this 1099-R for my megabackdoor 401k incorrect?
Replies: 16
Views: 1717

Re: Is this 1099-R for my megabackdoor 401k incorrect?

Thanks all. As always, Bogleheads are very generous with their knowledge. I am positive this was an In-plan-Roth-Rollover from after-tax bucket. The plan statements clearly show that the money was withdrawn from the after-tax bucket and then contributed to the Roth bucket. I worked closely with the ...
by nerdymarketer
Tue Feb 06, 2018 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: Is this 1099-R for my megabackdoor 401k incorrect?
Replies: 16
Views: 1717

Is this 1099-R for my megabackdoor 401k incorrect?

In 2017, I did a megabackdoor 401K by contributing $36,000 to the non-roth, after-tax/non-deductible bucket. Then later in the year I did an in-plan roth rollover, and had taxable gains of $1,887. I just received the 1099-R from my custodian. Box 1 - $37,887 Box 2a - 37,887 Box 5 - blank Box 7 - cod...
by nerdymarketer
Mon Jan 22, 2018 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: Do my wife and I need POA's if we live in community property state?
Replies: 4
Views: 462

Do my wife and I need POA's if we live in community property state?

We have stock, IRAs, 401Ks, and a vehicle currently titled in only one spouse's name. However, we live in a community property state. In what situations would a durable POA benefit us? It seems the normal thing about stocks etc being titled in the name of only one spouse who is incapacitated and the...
by nerdymarketer
Wed Jan 17, 2018 2:07 pm
Forum: Personal Investments
Topic: Company moving profit sharing from 401k to deferred compensation plan
Replies: 5
Views: 704

Re: Company moving profit sharing from 401k to deferred compensation plan

I thought the new tax plan changed how deferred compensation plans are taxed?

If so, this may give you a reason to advocate changing the structure.
by nerdymarketer
Fri Jan 05, 2018 6:45 pm
Forum: Personal Finance (Not Investing)
Topic: Solo401K: How can both my wife and I qualify while minimizing FICA?
Replies: 4
Views: 777

Re: Solo401K: How can both my wife and I qualify while minimizing FICA?

I did some more research into QJV, and it looks like we'd have to divide the income/expenses based on the proportional ownership in the business. A couple of followup questions: How easy is it to adjust the QJV ownership percentage from year to year? Ie, could we have her as a 1% owner for a while s...
by nerdymarketer
Fri Jan 05, 2018 5:22 pm
Forum: Personal Finance (Not Investing)
Topic: How to minimize tax paperwork for funding children's Roth IRAs?
Replies: 14
Views: 1505

Re: How to minimize tax paperwork for funding children's Roth IRAs?

Depending on where you live, you may need Workers Comp insurance if you hire your kids as employees. California requires it for all family members, other states vary but it is important to check, particularly if you are forced to buy a policy you may not need if you're the sole employee (again depe...
by nerdymarketer
Fri Jan 05, 2018 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: How to minimize tax paperwork for funding children's Roth IRAs?
Replies: 14
Views: 1505

Re: How to minimize tax paperwork for funding children's Roth IRAs?

As a followup, I just spoke with Vanguard.

They have no minimum $ required to open a custodial Roth IRA.

To invest the money in mutual funds requires an initial $1000.
But to invest in ETFs, the is just the share price since you buy whole shares.

So that also makes life simpler.
by nerdymarketer
Fri Jan 05, 2018 2:24 am
Forum: Personal Finance (Not Investing)
Topic: How to minimize tax paperwork for funding children's Roth IRAs?
Replies: 14
Views: 1505

Re: How to minimize tax paperwork for funding children's Roth IRAs?

Thanks, that's helpful. I'll go the W-2 route. I (and my kids) very much appreciate the detailed advice!
by nerdymarketer
Fri Jan 05, 2018 1:25 am
Forum: Personal Finance (Not Investing)
Topic: How to minimize tax paperwork for funding children's Roth IRAs?
Replies: 14
Views: 1505

Re: How to minimize tax paperwork for funding children's Roth IRAs?

What kind of self employed retirement plan do you use for your sole proprietorship business? If you use solo 401k, be aware that you may make yourself ineligible for Solo 401k if you have any employees who are not your spouse or partners and their spouses. With the exception of Vanguard (another re...
by nerdymarketer
Fri Jan 05, 2018 1:06 am
Forum: Personal Consumer Issues
Topic: compression sack for sleeping bag, help with calculations please
Replies: 42
Views: 4018

Re: compression sack for sleeping bag, help with calculations please

Please don't use a compression stuff sack, it can permanently reduce the loftiness of the bag, thereby reducing it's warmth. More details: https://backpackinglight.com/forums/topic/57909/ That is usually considered to be a problem for down fill more so than synthetics like in the bag being discusse...
by nerdymarketer
Thu Jan 04, 2018 10:39 pm
Forum: Personal Finance (Not Investing)
Topic: How to minimize tax paperwork for funding children's Roth IRAs?
Replies: 14
Views: 1505

Re: How to minimize tax paperwork for funding children's Roth IRAs?

Thanks, but not a big fan of 529's as they don't have that much benefit for our tax situation and they have a fair bit of restrictions. Plus they are counted against FAFSA whereas Roth monies are not. I'd rather go with a Roth.

Anyone know the answers to my actual questions?
by nerdymarketer
Thu Jan 04, 2018 4:03 am
Forum: Personal Finance (Not Investing)
Topic: How to minimize tax paperwork for funding children's Roth IRAs?
Replies: 14
Views: 1505

How to minimize tax paperwork for funding children's Roth IRAs?

I own a sole proprietor business where it's legitimate to hire children as photo models for brochures, etc. I would like to leverage this to fund Roth IRAs for my kids. I have more kids than money, so I cannot afford to fund them fully, but I'd like to get the accounts setup so that we can fund them...
by nerdymarketer
Thu Jan 04, 2018 2:50 am
Forum: Personal Consumer Issues
Topic: compression sack for sleeping bag, help with calculations please
Replies: 42
Views: 4018

Re: compression sack for sleeping bag, help with calculations please

Please don't use a compression stuff sack, it can permanently reduce the loftiness of the bag, thereby reducing it's warmth.

More details: https://backpackinglight.com/forums/topic/57909/
by nerdymarketer
Thu Jan 04, 2018 2:35 am
Forum: Personal Investments
Topic: Can I invest my IRA in properties that are managed by my brother?
Replies: 9
Views: 1290

Re: Can I invest my IRA in properties that are managed by my brother?

Thanks, but relationship is not something I'm worried about... we've done multiple business deals before. We also have significant family experience with rentals, as a kid I remember helping my parents clean up one of their units after they'd had to evict the tenant, so we know what we're getting in...
by nerdymarketer
Tue Jan 02, 2018 2:58 am
Forum: Personal Investments
Topic: Can I invest my IRA in properties that are managed by my brother?
Replies: 9
Views: 1290

Re: Can I invest my IRA in properties that are managed by my brother?

Thanks, this is helpful. I hadn't thought about checking for state licensing requirements for property managers, didn't realize that was regulated as well.
by nerdymarketer
Mon Jan 01, 2018 4:00 am
Forum: Personal Investments
Topic: Can I invest my IRA in properties that are managed by my brother?
Replies: 9
Views: 1290

Can I invest my IRA in properties that are managed by my brother?

My brother has one rental and is thinking about getting another. If I setup a self-directed IRA, can I invest my IRA into purchasing part ownership of the rental? I would not be working on it or managing it, and it's not property he already owns. I'm unclear if he manages it whether that would viola...
by nerdymarketer
Thu Dec 21, 2017 1:21 am
Forum: Personal Finance (Not Investing)
Topic: Employer Sponsored and Solo 401k with no Income
Replies: 7
Views: 796

Re: Employer Sponsored and Solo 401k with no Income

What type of business entity are you using for your farming business?

Sole prop, LLC, S-corp, or C-Corp?
by nerdymarketer
Tue Dec 19, 2017 1:12 am
Forum: Personal Finance (Not Investing)
Topic: Grant Cardone suggests to set 9 exceptions for taxes
Replies: 18
Views: 2641

Re: Grant Cardone suggests to set 9 exceptions for taxes

There is a safe harbor provision in the tax code, if you make sure you've withheld at least that much you're fine. This primarily comes into affect if your income is significantly higher than the previous year.
by nerdymarketer
Tue Dec 19, 2017 12:22 am
Forum: Personal Investments
Topic: solo 401k - setting it up so that Roth conversion is a possibility
Replies: 42
Views: 3568

Re: solo 401k - setting it up so that Roth conversion is a possibility

Currently there is no standard provider that offers non-deductible, non-Roth accounts, so the mega backdoor is unavailable to solo 401Ks unless you go with a custom provider who will create your own plan which is significantly more $ hassle/cost. Typically it's worth it to go custom if you make in t...
by nerdymarketer
Tue Dec 19, 2017 12:12 am
Forum: Personal Finance (Not Investing)
Topic: One for the tax nerds: allocating Dependent Care FSA
Replies: 1
Views: 392

One for the tax nerds: allocating Dependent Care FSA

If you enjoy tax rate arbitrage puzzles, read on... The $ savings between different plans probably aren't worth quibbling about as long as we max the FSA, but I personally find this kind of thing fun, so thought I'd share to see if I'm missing anything... How do we most efficiently allocate the $5K ...
by nerdymarketer
Mon Dec 18, 2017 5:11 pm
Forum: Personal Finance (Not Investing)
Topic: FSA & funding question
Replies: 9
Views: 1039

Re: FSA & funding question

Check your insurance. Many cover 100% of delivery (assuming no complications) + well baby checkups, so it can be surprisingly few out-of-pocket $$. My memory is hazy, but I'm guessing we barely cracked $700 FSA eligible expenses per year over the past three years and we had two kids during that time...