Search found 9 matches

by townboglehead
Sat Sep 14, 2019 7:41 am
Forum: Personal Finance (Not Investing)
Topic: When is transfer of ownership of 529 plan a taxable event?
Replies: 18
Views: 14450

Re: When is transfer of ownership of 529 plan a taxable event?

Yes, aware that this will be a custodial 529 for the beneficiary and will be more restricted in the 529 than the UTMA. Both are considered parental assets and this is exactly what I want. in a UTMA, financial aid for a student asset is calculated at 20% but in the UTMA 529, it would be assessed at 5...
by townboglehead
Sat Aug 31, 2019 10:54 am
Forum: Personal Finance (Not Investing)
Topic: When is transfer of ownership of 529 plan a taxable event?
Replies: 18
Views: 14450

Re: When is transfer of ownership of 529 plan a taxable event?

I have a related question, but regards college financial aid for this ownership question. I have two dependants, 19 and 17. We are fortunate to have both 529 and UTMA assets. The UTMA has 28000 with minimal capital gains currently. I plan to move the UTMA to the 529 this year to help shield the UTMA...
by townboglehead
Tue Nov 20, 2018 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: Back Door Roth and Mega Back Door Roth
Replies: 30
Views: 5410

Re: Back Door Roth and Mega Back Door Roth

Thanks. These are elective contributions to the Roth401k, plan allows, and are not being rolled over. I was not clear on initial post. Working with Vanguard now as my current 401k does not accept SEP IRA contributions, only rollover IRA
by townboglehead
Tue Nov 20, 2018 9:38 am
Forum: Personal Finance (Not Investing)
Topic: Back Door Roth and Mega Back Door Roth
Replies: 30
Views: 5410

Re: Back Door Roth and Mega Back Door Roth

I found this post most interesting and have been maxing out Roth 401k at $18.5k and rolling over the after tax of $35.5k and $6k in catch up contributoins to a Roth IRA at Vanguard. Very fortunate as my employer allows frequent rollovers. So is it possible to also do $6500 for the backdoor Roth or d...
by townboglehead
Sun May 07, 2017 12:56 pm
Forum: Personal Investments
Topic: Portfolio Watch Concerns
Replies: 22
Views: 2745

Re: Portfolio Watch Concerns

I would not call these negative comments about the portfolio watch. My observation is it does not give you enough information, eg VBTLX bond fund is lumped as intermediate, and is unable to break down the bond fund information into short, intermed, long maturities Vanguard advisers can easily access...
by townboglehead
Sun Jan 29, 2017 1:33 pm
Forum: Personal Investments
Topic: Portfolio Watch Concerns
Replies: 22
Views: 2745

Portfolio Watch Concerns

I was curious to know if other users have been using Vanguard's Portfolio Watch Tool? In particular, when determining interest rate sensitivity or long/intermediate/short term bond types I was told by my Vanguard Advisor I could use this as a surrogate for determining how to split my bonds between s...
by townboglehead
Sun Mar 08, 2015 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: Mingling Pre/post tax contributions for Solo 401k
Replies: 3
Views: 434

Re: Mingling Pre/post tax contributions for Solo 401k

Great and Thanks so much Alan
The account at TD has just one ETF and I will continue to put pre and post $s into the single ETF, then
split accordingly based on her basis when she retires
Thanks again
by townboglehead
Sun Mar 08, 2015 11:40 am
Forum: Personal Finance (Not Investing)
Topic: Mingling Pre/post tax contributions for Solo 401k
Replies: 3
Views: 434

Mingling Pre/post tax contributions for Solo 401k

My wife is self employed and has two part time employees, each working less than 300 hrs/yr, and she works >1000 hours/yr Vanguard only supports solo 401k plans with no employees. Thus her tax attorney set up a 401k and Profit sharing defined contribution plan for her, which allows up to 52k per yea...
by townboglehead
Sat Nov 02, 2013 12:17 pm
Forum: Personal Investments
Topic: After Tax Rollover from 401k plan to Roth IRA
Replies: 1
Views: 418

After Tax Rollover from 401k plan to Roth IRA

I have seen several posts regarding this question but am asking for clarification. My advisor, who is very knowledgeable, at Vanguard has confidently reassured me this is very possible and the IRS does not frown on this rollover I have both a SEP IRA and Roth IRA which contains contributions when I ...