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NOgmacks

newacct wrote: ↑Thu Jan 21, 2021 11:55 pm Did she get a 2020 or 2021 1099-R? If it was a 2020 1099-R, then code 8 means it was taxable in 2020.

So, she received the check around June 2020. And the 1099-R we got today is for 2020.

NOgmacks

The wages line is line 1 of Form 1040. If you use a tax program, entering the 1099R data into the program will result in that amount automatically being added to your wages per the combination of figures and codes on the 1099R. You can check afterwards to be sure, since line 1 should show the total...

NOgmacks

Hello, So, I have a question about the situation I am on. Every year , DW and I do a backdoor ROTH process where we do the ROTH Conversion every time. This process naturally triggers a 1099-R, and I file 8606 form for Non-deductible IRAs, and be done with it. This year, her company sent out some di...

NOgmacks

FiveK wrote: ↑Thu Jan 21, 2021 10:01 pm After the money left the 401k, where did it go?

They sent a check in my wife's name with the rest (after 10 percent tax). I was told to cash it into our own savings account.

NOgmacks

Hello, So, I have a question about the situation I am on. Every year , DW and I do a backdoor ROTH process where we do the ROTH Conversion every time. This process naturally triggers a 1099-R, and I file 8606 form for Non-deductible IRAs, and be done with it. This year, her company sent out some dis...

NOgmacks

Doc wrote: ↑Fri Dec 18, 2020 2:09 pm
Kenkat wrote: ↑Fri Dec 18, 2020 1:31 pm Sorry, I am too busy designing and setting up a production line to produce my own automobile to answer this question.
Can I help. I need a new car too.

Only if you can also build your own production line and not use his.

NOgmacks

Alabama Moon.

NOgmacks

sorry one last question: can I skype or use Google Duo with a Chromebook? Never used skype. But google duo works perfectly in a chromebook. It has a progressive web app with notification. So even if you don't have duo open, it will still ring, if someone calls you. update: Just tried skype. It seem...

NOgmacks

One more question: you can store 15 GB on Google Drive I think, so what's there to stop you form say creating 2 accounts and getting 30 GB? I don't think it's unethical, it's not prohibited I don't think. Finally, would you say that Chromebook is better than an iPad? I thought that might be another...

NOgmacks

I'm the OP on this original question, and I'm loving that this discussion is still going after these many years. I still use similar Vanguard funds for the kid's 529's. Recently, I became acquainted with writing code in Python, Jupyter notebook, and using the selenium module. I was safely able to le...

NOgmacks

xerxes101 wrote: ↑Fri Jun 22, 2018 8:42 pm Vanguard offers VIIIX to my company 401K participants at 1.3 basis points. I figure if they can make that offering work at this expense ratio, they will be able to offer VTI at 3 basis points soon... so stay tuned...

I heard they made VOO to 3 basis points right now. Barron's article.

NOgmacks

I have done a backdoor Roth conversion for 2017. Two questions.

1. Should I keep it for this year 2017 and just file 8606s?
2. Can we still do backdoor Roth in 2018? I usually front load and convert in the first week of January. Can I still do that? What are the implications?

NOgmacks

Scripts in Google Sheets can do a lot (I wrote one to email me when my AA gets out of whack by a certain %, checks every day), but they're not trivial. This sounds awesome. Didn't know about scripts. Any way you can share this particular script you wrote? Maybe gives me a direction to start with. Y...

NOgmacks

FYI, there's an even easier way to get price: =GOOGLEFINANCE("VTSMX") Yeah, I also have been using but, it fails miserably from one perspective =INDEX(GoogleFinance(H14,"close",B14), 2, 2) This gives the closing price on the day, but, sometimes all of a sudden, it stops loading ...

NOgmacks

I am sharing the initial changes PDF they sent me.

New Changes

NOgmacks

I just called Vanguard as the Asset-Based Fees (ABF) are not listed for the 3 new age-based options. I was told that the ABF will be 0.17%. I can't find anything on the ABF for the current age-based plans. I found this for the aggressive portfolio I have for my kids. Expense ratio as of 05/03/2016 ...

NOgmacks

Me through my employer: HSA ( HDHP ) plan option that covers myself and my children (employee + children) Wife through her employer: REGULAR NON-HSA plan that covers herself only (single). Also, if the premiums are the same, It is my understanding that you could add your wife to your HDHP and you w...

NOgmacks

I have a follow up question. Can I have my wife contribute to FSA also in this scenario? Me through my employer: HDHP plan option that covers myself and my children (employee + children) Wife through her employer: HDHP plan that covers herself only (single). So, can I put $6750.00 towards my 'Employ...

NOgmacks

A categorical yes. This has been covered in a few previous threads in the last week. You can even use the HSA to pay for her unreimbursed qualified medical expenses even though she is not covered by your HDHP plan. Just make sure she does not have an FSA that covers you. That would make you ineligi...

NOgmacks

This is my situation. My wife and I are enrolling in our health plans for 2017 and I have a question on contribution limits. We work for two different employers and will be enrolling in two separate health plans. Me through my employer: HSA plan option that covers myself and my children (employee + ...

NOgmacks

So, what happened without having to go thru the whole link is: She had a loss of 10 dollars for the 11,000.00 we moved from her tIRA to ROTH. So, I didn't have to pay taxes for the loss, but, the cost basis gets carried over? Something like that. That's right. I didn't reread the entire thread so I...

NOgmacks

I wondered that too Duckie. I think there was $10 basis carried over from last year. Then with this year, exactly $5,500 was contributed and exactly $5,500 was converted….leaving the $10 basis still on the books. This will keep happening until the contribution grows at least $10 before conversion. ...

NOgmacks

This link didn't work for me. It kept saying "404 not found". But so did the Mrs NOgmacaks link the second time I tried to access it. Sorry. Trying the links another way now. Here are our F8606 from 2014 and new one I am filling for 2015. Her 2014 Her potential 2015 His 2014 His potential...

NOgmacks

Here is the new 8606. Anybody help me out if these numbers are right? MR NOgmacks new 8606 gains of 45.28 Does the taxable amount make sense? 55.23? If so, why? Shouldn't it be 45.28? Why is the basis carrying forward? Mrs NOgmacks new 8606 loss of 9.57 Just to give you some update so that you don'...

NOgmacks

2247.

NOgmacks

Awesome! I don't have to do any take backs from the contributions, phew!

NOgmacks

Hello, My wife had two jobs over 2015 and I tried to max out the 18K limit for the 401K. Here are the two final paystubs: Employer 1: 401K Pre-Tax: 7877.65 401K After-Tax: 376.92 Employer 2: 401K Pre-Tax (12/24 paystub already invested with 401K provider as of 12/24) : 9840.20 So, total pre-tax goin...

NOgmacks

This basically fills the last piece of my investment data puzzle.

Next goal: Figuring out my IRR based on all the transactional histories.

(401K's, IRA's, Taxable, 529's)

The data feeds for each account are so different. I don't think I will be able to ever to achieve this.

NOgmacks

I experienced the same issue to track vanguard 529 funds. After testing a little more the following macro should do it, importXML("https://personal.vanguard.com/us/funds/snapshot?FundId=4510&FundIntExt=INT","//*[@id='colMcontent']/table[1]/tr/td[1]/div/table[1]/tbody[@class='righ...

NOgmacks

If you save your medical receipts and pay medical expenses out of a taxable account This is what I am looking at. The past 6 months, I was maxing out my HSA (after every other Tax deferred has been taken care of - ROTH, 401K and 529). My question is: Most of the times, I do not get a bill from the ...

NOgmacks

I am curious to those of you who have mentioned CDs. What term do you use? Do you ladder them? I don't have much experience with CDs. I used to ladder them, but, then, once I had enough funds in taxable investment account, I only have one CD right now. If I want more money than the one in the CD, I...

NOgmacks

icefr wrote:Could you roll her Roth 401(k) funds to her Roth IRA and the pre-tax 401(k) funds to her new 401(k)? That's what I did when I left my last employer and it made things much cleaner going forward.

Wow, never thought of it that way. I guess I can do that, if they allow me. Let me check with them.

NOgmacks

bump...

NOgmacks

I am very curious....what do you people holding $1,000 use it for? I keep $500 at a safe at home, just in case of a burglary. The way I figure, if the burglar gets the money, they may be less inclined to do more harm (stupid I know, but, gives me some other option, just in case). The safe is just f...

NOgmacks

We go by whichever has the better rate for the term we are looking for at the time. Just like you, I have Capital One 360 (our initial main accounts) and Ally. Then Discover bank was giving a way better rate than both of them a couple of years ago. At the time I was contemplating moving Capital One...

NOgmacks

If you are now contributing to ONLY trad 401k, I would take the $300, convert to trad 401k and pay tax on that this year and forget about it. It is very very small to even have a separate account. I wonder if the old 401K custodian let you convert it to 'before tax' 401K, since, the new 401K custod...

NOgmacks

The advantage is in comparison to rolling the traditional 401k balance into a Traditional IRA, which would cause basis issues for attempting to backdoor contributions into a Roth IRA. Hmm, I think I get it. If it were all ROTH 401K, then, moving the rollover to ROTH IRA is a non-taxable move, unlik...

NOgmacks

Why is Roth inside a 401k a bad decision ? Mostly, because I was on the fence about contributing to ROTH 401K vs Before Tax 401K. So, decided I should do ROTH and then changed my decision after one period. I was not sure if we will ever hit the 33 percent tax bracket or 35 percent ever in our worki...

NOgmacks

Hi, My wife has an old 401K where she has a very minuscule portion of the 401k in ROTH (my bad decision). The new 401K she has ALSO allows 'before tax' and 'roth' portions. Since we are above the income limits, I have been doing the Backdoor ROTH option the past three years. Now, we are planning to ...

NOgmacks

live off of 401K withdrawals Did you mean RMD's? or taxable and probably convert a bunch of the pre-tax 401K to Roth at low cost. You are right, there is always a time when I can manage the tax that I will be charged based on my withdrawals and needs etc. Never thought about it that way. Leaning mo...

NOgmacks

It appears that you have 20% in Bonds, whereas you want 10%, so using S&P 500 in her 401K contributes to lowering the bond percentage. Yes, that is what I was thinking also. Thank you. You currently have about 20% of stocks in International. Vanguard used to recommend 30%, but now is 40%, in th...

NOgmacks

Emergency Funds --------------- Have 6 months of emergency funds in CDs. Also, planning on using VBTLX in 401K as emergency funds just in case. Debt ---- Mortgage: 3.25 percent Car: New Car (3 year 0.9 percent) - I have this backstopped with opening a 3 year CD giving me 1.15% APR. (Payment until Ja...

NOgmacks

Thank you both!

sscritic also PM'ed me with this. Search is your friend!

NOgmacks

Hi,

Case in point.

I was checking the VTIAX total returns ending Apr 30th, at this link.

https://personal.vanguard.com/funds/reports/q1132.pdf

It says that Investor shares returned 5.07% vs admiral shares returning 5.02% . Shouldn't it be the other way around? Less ER and all? Page three.

NOgmacks

[Thread merged into here, see below.] I was reading this article and wanted to check here if there is any truth to what is being said here. If it is true, does this change the true ER ratios of index funds? http://www.bloomberg.com/news/articles/2015-07-07/the-hugely-profitable-wholly-legal-way-to-...

NOgmacks

Depending on how far out you are from retirement, I'd say that you already have a pretty decent amount of risk in your 90/10 AA. As far as tilting smaller, what does your IPS say? This was what was in my IPS. Mirror total stock market (TSM) at a reasonable cost. Use MC/SC funds in His 401K to compl...

NOgmacks

Emergency Funds --------------- Have 6 months of emergency funds in CDs. Also, planning on using VBTLX in 401K as emergency funds just in case. Debt ---- Mortgage: 3.25 percent Car: New Car (3 year 0.9 percent) - I have this backstopped with opening a 3 year CD giving me 1.15% APR. (Payment until Ja...

NOgmacks

Great article. This is why I love the Life Strategy and Target Retirement funds (though for various reasons I won't get into, we don't invest in them). They are highy diversified, sophisticated funds that remove much of the stress and the temptation to market time when managing/rebalancing a portfo...

NOgmacks

Agree with other posters that selling the ESPP is the right thing to do. Yep, actually my plan was to get rid of it even if she were employed anyway. Not sure why I brought in ESPP :-) Your employer will be happy that you move your 401K to another custodian, because it reduces their costs. It's oft...

NOgmacks

AFAIK, sep and solo accounts are set up by owner of a small business. I don't see mention of you or her having a business. Maybe she could start a business, however. Do you have a 401k? All of the tax-advantaged accounts are Individual, and Backdoor Roth also follows Individual rules so you could e...

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