Search found 163 matches

by NOgmacks
Fri Jan 22, 2021 12:11 am
Forum: Personal Finance (Not Investing)
Topic: Backdoor ROTH IRA and 1099-R from 401k and 8606 form
Replies: 10
Views: 443

Re: Backdoor ROTH IRA and 1099-R from 401k and 8606 form

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.
by NOgmacks
Thu Jan 21, 2021 11:50 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor ROTH IRA and 1099-R from 401k and 8606 form
Replies: 10
Views: 443

Re: Backdoor ROTH IRA and 1099-R from 401k and 8606 form

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...
by NOgmacks
Thu Jan 21, 2021 11:27 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor ROTH IRA and 1099-R from 401k and 8606 form
Replies: 10
Views: 443

Re: Backdoor ROTH IRA and 1099-R from 401k and 8606 form

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...
by NOgmacks
Thu Jan 21, 2021 10:51 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor ROTH IRA and 1099-R from 401k and 8606 form
Replies: 10
Views: 443

Re: Backdoor ROTH IRA and 1099-R from 401k and 8606 form

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.
by NOgmacks
Thu Jan 21, 2021 8:37 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor ROTH IRA and 1099-R from 401k and 8606 form
Replies: 10
Views: 443

Backdoor ROTH IRA and 1099-R from 401k and 8606 form

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...
by NOgmacks
Fri Dec 18, 2020 3:04 pm
Forum: Investing - Theory, News & General
Topic: Why do we even need a fund to track the market?
Replies: 105
Views: 6194

Re: Why do we even need a fund to track the market?

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.
by NOgmacks
Sat Sep 12, 2020 11:09 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 6251
Views: 1423124

Re: What Movie Have You Recently Watched?

Alabama Moon.
by NOgmacks
Thu Sep 10, 2020 8:55 am
Forum: Personal Consumer Issues
Topic: Please help me, need to buy a computer
Replies: 144
Views: 7956

Re: Please help me, need to buy a computer

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...
by NOgmacks
Thu Sep 10, 2020 1:22 am
Forum: Personal Consumer Issues
Topic: Please help me, need to buy a computer
Replies: 144
Views: 7956

Re: Please help me, need to buy a computer

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...
by NOgmacks
Sun Apr 07, 2019 1:05 pm
Forum: Investing - Theory, News & General
Topic: Help with XPath for ImportXML Google Sheets.
Replies: 31
Views: 7709

Re: Help with XPath for ImportXML Google Sheets.

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...
by NOgmacks
Sat Mar 02, 2019 11:44 am
Forum: Investing - Theory, News & General
Topic: Why won't Vanguard drop VTI & VOO expense to 0.03?
Replies: 65
Views: 9207

Re: Why won't Vanguard drop VTI & VOO expense to 0.03?

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... :sharebeer
I heard they made VOO to 3 basis points right now. Barron's article.
by NOgmacks
Thu Dec 21, 2017 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: Please Post Tax Bill Questions Here [was Tax Bill Omnibus Thread]
Replies: 886
Views: 74100

Re: Tax Bill Omnibus Thread

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?
by NOgmacks
Thu Jul 20, 2017 2:28 pm
Forum: Investing - Theory, News & General
Topic: Help with XPath for ImportXML Google Sheets.
Replies: 31
Views: 7709

Re: Help with XPath for ImportXML Google Sheets.

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...
by NOgmacks
Wed Jul 19, 2017 5:06 pm
Forum: Investing - Theory, News & General
Topic: Help with XPath for ImportXML Google Sheets.
Replies: 31
Views: 7709

Re: Help with XPath for ImportXML Google Sheets.

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 ...
by NOgmacks
Mon Mar 06, 2017 12:09 pm
Forum: Personal Investments
Topic: Vanguard 529 Plan Changes: New Age-Based Glide Paths
Replies: 4
Views: 1006

Re: Vanguard 529 Plan Changes: New Age-Based Glide Paths

I am sharing the initial changes PDF they sent me.

New Changes
by NOgmacks
Mon Mar 06, 2017 12:00 pm
Forum: Personal Investments
Topic: Vanguard 529 Plan Changes: New Age-Based Glide Paths
Replies: 4
Views: 1006

Re: Vanguard 529 Plan Changes: New Age-Based Glide Paths

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 ...
by NOgmacks
Fri Nov 18, 2016 1:51 pm
Forum: Personal Investments
Topic: HSA Contribution limits
Replies: 6
Views: 1203

Re: HSA Contribution limits

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...
by NOgmacks
Fri Nov 18, 2016 1:39 pm
Forum: Personal Investments
Topic: HSA Contribution limits
Replies: 6
Views: 1203

Re: HSA Contribution limits

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...
by NOgmacks
Tue Nov 15, 2016 6:10 pm
Forum: Personal Investments
Topic: HSA Contribution limits
Replies: 6
Views: 1203

Re: HSA Contribution limits

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...
by NOgmacks
Tue Nov 15, 2016 3:14 pm
Forum: Personal Investments
Topic: HSA Contribution limits
Replies: 6
Views: 1203

HSA Contribution limits

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 + ...
by NOgmacks
Wed Feb 03, 2016 5:19 pm
Forum: Personal Investments
Topic: Backdoor ROTH IRA Process.
Replies: 42
Views: 6030

Re: Backdoor ROTH IRA Process.

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...
by NOgmacks
Wed Feb 03, 2016 4:44 pm
Forum: Personal Investments
Topic: Backdoor ROTH IRA Process.
Replies: 42
Views: 6030

Re: Backdoor ROTH IRA Process.

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. ...
by NOgmacks
Wed Feb 03, 2016 4:36 pm
Forum: Personal Investments
Topic: Backdoor ROTH IRA Process.
Replies: 42
Views: 6030

Re: Backdoor ROTH IRA Process.

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...
by NOgmacks
Wed Feb 03, 2016 11:39 am
Forum: Personal Investments
Topic: Backdoor ROTH IRA Process.
Replies: 42
Views: 6030

Re: Backdoor ROTH IRA Process.

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'...
by NOgmacks
Tue Dec 29, 2015 10:00 am
Forum: Personal Investments
Topic: Please help with 402g limits
Replies: 2
Views: 366

Re: Please help with 402g limits

Awesome! I don't have to do any take backs from the contributions, phew!
by NOgmacks
Mon Dec 28, 2015 9:34 pm
Forum: Personal Investments
Topic: Please help with 402g limits
Replies: 2
Views: 366

Please help with 402g limits

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...
by NOgmacks
Thu Dec 10, 2015 3:18 pm
Forum: Investing - Theory, News & General
Topic: Help with XPath for ImportXML Google Sheets.
Replies: 31
Views: 7709

Re: Help with XPath for ImportXML Google Sheets.

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.
by NOgmacks
Thu Dec 10, 2015 10:11 am
Forum: Investing - Theory, News & General
Topic: Help with XPath for ImportXML Google Sheets.
Replies: 31
Views: 7709

Re: Help with XPath for ImportXML Google Sheets.

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...
by NOgmacks
Thu Nov 05, 2015 10:46 am
Forum: Personal Investments
Topic: How much more would you pay in monthly premiums for an HSA compliant plan?
Replies: 13
Views: 1561

Re: How much more would you pay in monthly premiums for an HSA compliant plan?

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 ...
by NOgmacks
Tue Oct 20, 2015 3:41 pm
Forum: Personal Investments
Topic: Where to park my emergency fund?
Replies: 25
Views: 2535

Re: Where to park my emergency fund?

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...
by NOgmacks
Tue Oct 20, 2015 12:10 pm
Forum: Personal Investments
Topic: ROTH 401K Rollover to new Employer's ROTH 401K - backdoor ROTH
Replies: 9
Views: 590

Re: ROTH 401K Rollover to new Employer's ROTH 401K - backdoor ROTH

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.
by NOgmacks
Tue Oct 20, 2015 9:48 am
Forum: Personal Investments
Topic: Where to park my emergency fund?
Replies: 25
Views: 2535

Re: Where to park my emergency fund?

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...
by NOgmacks
Tue Oct 20, 2015 9:45 am
Forum: Personal Investments
Topic: Where to park my emergency fund?
Replies: 25
Views: 2535

Re: Where to park my emergency fund?

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...
by NOgmacks
Tue Oct 20, 2015 9:27 am
Forum: Personal Investments
Topic: ROTH 401K Rollover to new Employer's ROTH 401K - backdoor ROTH
Replies: 9
Views: 590

Re: ROTH 401K Rollover to new Employer's ROTH 401K - backdoor ROTH

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...
by NOgmacks
Tue Oct 20, 2015 9:19 am
Forum: Personal Investments
Topic: ROTH 401K Rollover to new Employer's ROTH 401K - backdoor ROTH
Replies: 9
Views: 590

Re: ROTH 401K Rollover to new Employer's ROTH 401K - backdoor ROTH

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...
by NOgmacks
Tue Oct 20, 2015 9:03 am
Forum: Personal Investments
Topic: ROTH 401K Rollover to new Employer's ROTH 401K - backdoor ROTH
Replies: 9
Views: 590

Re: ROTH 401K Rollover to new Employer's ROTH 401K - backdoor ROTH

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...
by NOgmacks
Tue Oct 20, 2015 8:53 am
Forum: Personal Investments
Topic: ROTH 401K Rollover to new Employer's ROTH 401K - backdoor ROTH
Replies: 9
Views: 590

ROTH 401K Rollover to new Employer's ROTH 401K - backdoor ROTH

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 ...
by NOgmacks
Fri Sep 18, 2015 2:33 pm
Forum: Personal Investments
Topic: Wife has a new job. New 401k advice appreciated.
Replies: 5
Views: 659

Re: Wife has a new job. New 401k advice appreciated.

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...
by NOgmacks
Fri Sep 18, 2015 12:35 pm
Forum: Personal Investments
Topic: Wife has a new job. New 401k advice appreciated.
Replies: 5
Views: 659

Re: Wife has a new job. New 401k advice appreciated.

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...
by NOgmacks
Fri Sep 18, 2015 10:25 am
Forum: Personal Investments
Topic: Wife has a new job. New 401k advice appreciated.
Replies: 5
Views: 659

Wife has a new job. New 401k advice appreciated.

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...
by NOgmacks
Thu Aug 20, 2015 10:14 am
Forum: Investing - Theory, News & General
Topic: Why Vanguard admiral has less returns compared to investor?
Replies: 2
Views: 739

Re: Why Vanguard admiral has less returns compared to investor?

Thank you both!

sscritic also PM'ed me with this. Search is your friend!
by NOgmacks
Thu Aug 20, 2015 10:00 am
Forum: Investing - Theory, News & General
Topic: Why Vanguard admiral has less returns compared to investor?
Replies: 2
Views: 739

Why Vanguard admiral has less returns compared to investor?

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.
by NOgmacks
Wed Jul 08, 2015 11:24 pm
Forum: Investing - Theory, News & General
Topic: Bloomberg - "The Hugely Profitable, Wholly Legal Way to Game the Stock Market" (Front running index fund purchases)
Replies: 43
Views: 9366

Front running of the indexes. How relevant is this practice.

[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-...
by NOgmacks
Wed Jun 10, 2015 3:14 pm
Forum: Personal Investments
Topic: Yearly checkup! Advice appreciated.
Replies: 3
Views: 753

Re: Yearly checkup! Advice appreciated.

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...
by NOgmacks
Wed Jun 10, 2015 1:47 pm
Forum: Personal Investments
Topic: Yearly checkup! Advice appreciated.
Replies: 3
Views: 753

Yearly checkup! Advice appreciated.

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...
by NOgmacks
Fri May 22, 2015 4:30 pm
Forum: Investing - Theory, News & General
Topic: the world is "upside down"
Replies: 5
Views: 1703

Re: the world is "upside down"

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...
by NOgmacks
Fri May 22, 2015 2:41 pm
Forum: Investing - Theory, News & General
Topic: SO left the employer. ESPP and 401K accounts.
Replies: 9
Views: 1713

Re: SO left the employer. ESPP and 401K accounts.

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...
by NOgmacks
Fri May 22, 2015 2:27 pm
Forum: Investing - Theory, News & General
Topic: SO left the employer. ESPP and 401K accounts.
Replies: 9
Views: 1713

Re: SO left the employer. ESPP and 401K accounts.

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...