Search found 339 matches

by 2cents2
Sat Dec 08, 2018 12:57 pm
Forum: Investing - Help with Personal Investments
Topic: Non-qualified Roth 401K rollover
Replies: 4
Views: 229

Re: Non-qualified Roth 401K rollover

I did a search on Bogleheads and found a thread with responses from Alan S. (the expert here) that answers your question from February 2018. https://www.bogleheads.org/forum/viewtopic.php?t=241428 Cheers Thanks, that is an interesting read, A rollover of a Roth distribution is neither qualified nor...
by 2cents2
Fri Dec 07, 2018 10:16 am
Forum: Investing - Help with Personal Investments
Topic: Non-qualified Roth 401K rollover
Replies: 4
Views: 229

Non-qualified Roth 401K rollover

We are planning 401k contributions for DH (age 63) for next year. I believe DH will retire in the first or second quarter of next year. DH has a choice of pre-tax, Roth and After-tax contributions. (He receives a 4% match on all 3 funding categories--but no match for catch up contributions). Up to t...
by 2cents2
Fri Dec 07, 2018 8:28 am
Forum: Investing - Help with Personal Investments
Topic: 401k Overcontribution
Replies: 19
Views: 1524

Re: 401k Overcontribution

Is it possible you are not talking to the right person in your new company? DH has a different 401K provider (Fidelity). This issue wasn't something that Fidelity could correct. Fidelity looked up the name and phone number of the benefits team member plan administrator for the company and put DH in ...
by 2cents2
Thu Dec 06, 2018 7:14 am
Forum: Investing - Help with Personal Investments
Topic: 401k Overcontribution
Replies: 19
Views: 1524

Re: 401k Overcontribution

I’m going to ask a silly question: Has the over-contribution already occured with your new employer or are you projecting year end totals? DH started work with a new employer mid year 2017. He had a situation that would have led to an over-contribution. He contacted his new company plan administrato...
by 2cents2
Sun Dec 02, 2018 11:11 am
Forum: Personal Finance (Not Investing)
Topic: Advice For My Age Update
Replies: 7
Views: 1168

Re: Advice For My Age Update

“Contribute to tsp $16500/year --> Maxed out”

Is 16,500 just the goal you set for yourself? I think the actual max for 2019 is $19k.
by 2cents2
Sat Dec 01, 2018 7:51 am
Forum: Investing - Help with Personal Investments
Topic: New 401k has terrible fees; options?
Replies: 22
Views: 1003

Re: New 401k has terrible fees; options?

What are the lowest fee options in her plan? Any chance there is one or two funds that happen to be lower than the others? +1 OP, If the average fees on the limited index funds are > 1% (some are 1.15%, then are some lower? DH used to be in a 401k that had terrible fees for all funds except the S&P...
by 2cents2
Sun Nov 25, 2018 1:55 pm
Forum: Personal Consumer Issues
Topic: Holiday Gift dilemma
Replies: 9
Views: 587

Re: Holiday Gift dilemma

investingdad wrote:
Sun Nov 25, 2018 12:47 pm
So, if you exchange Christmas or Holiday gifts with family and a family member said they just wanted money, your response is...?
“Hotdog!”
I think this is the opposite of a dilemma. You can pick out the perfect gift and you don’t have to go to a crowded shopping center to get it. :)
by 2cents2
Sun Nov 25, 2018 1:20 pm
Forum: Personal Consumer Issues
Topic: Unsatisfactory Hotel Experience
Replies: 27
Views: 2933

Re: Unsatisfactory Hotel Experience

I agree with the previous poster—First, I would have asked for another room while you were there to try to make things right and salvage the visit. But, too late for that— sure, make a complaint. You could ask for a free night or you could ask for reward points- which they may be more apt to give yo...
by 2cents2
Fri Nov 23, 2018 4:54 pm
Forum: Investing - Theory, News & General
Topic: technical question regarding 401(k) plan nondiscrimination testing
Replies: 4
Views: 424

Re: techinal question regarding 401(k) plan nondiscrimination testing

I'm going to "guess" the year you received the refund. DH's employer (a major university) somehow "forgot" to give him his regular raises for 3 (count 'em) years. When they finally did reimburse him, it was all taxable in the one year, the year the refund was issued. Would have been a mess to re-do...
by 2cents2
Fri Nov 23, 2018 9:28 am
Forum: Investing - Theory, News & General
Topic: technical question regarding 401(k) plan nondiscrimination testing
Replies: 4
Views: 424

technical question regarding 401(k) plan nondiscrimination testing

If your 401k plan fails nondiscrimination testing and some pre-tax contribution money is refunded to you the following year--would this be taxable in the year it was earned or the year you received the refund?
by 2cents2
Mon Nov 19, 2018 7:26 pm
Forum: Personal Consumer Issues
Topic: Credit identity hacked
Replies: 1
Views: 396

Re: Credit identity hacked

Did you order a copy of your credit report from each credit reporting bureau?

Then you can see if there are any inaccuracies that need to be corrected.

https://www.ftc.gov/faq/consumer-protec ... tity-theft
by 2cents2
Mon Nov 19, 2018 8:12 am
Forum: Investing - Help with Personal Investments
Topic: This is why I need a tax accountant
Replies: 17
Views: 2411

Re: This is why I need a tax accountant

Don't ask why because I do not know, but in 2017 I made a non-deductible contribution of $6,500 to my tIR A at Vanguard. I did not use tax form 8606 when I filed my return. How big a mistake is this, and is there anything I should or am required to do at this point? It is the only contribution I ha...
by 2cents2
Thu Nov 08, 2018 10:40 am
Forum: Investing - Help with Personal Investments
Topic: 401k Post Tax vs Brokerage Question
Replies: 9
Views: 588

Re: 401k Post Tax vs Brokerage Question

There could be a couple of potential downsides depending on what your plans are for the $$. You would not be able to take your Roth earnings penalty free if you needed the money prior to 59.5. Also, you would not be able to tax loss harvest if you had any losses.
by 2cents2
Mon Nov 05, 2018 11:56 am
Forum: Investing - Theory, News & General
Topic: Roth conversion strategy
Replies: 19
Views: 2125

Re: Roth conversion strategy

In December, I estimate my total income from all sources and any deductions for the following year. I then enter those numbers in TaxCaster to determine how much headspace I will have for Roth conversions. I then convert 75% of that amount in January and top it off in December when I know my final ...
by 2cents2
Mon Nov 05, 2018 10:11 am
Forum: Investing - Help with Personal Investments
Topic: FUSVX vs. FXAIX [Fidelity® 500 Index - Premium vs. Institutional]
Replies: 8
Views: 1437

Re: FUSVX vs. FXAIX [Fidelity® 500 Index - Premium vs. Institutional]

I must admit that I was a little startled by the changes, too. Then I remembered an email I received a while back titled, "Changes affecting your index funds". "Because you're an existing shareholder, we're writing to inform you about recent enhancements to how the majority of our index funds1 are s...
by 2cents2
Fri Nov 02, 2018 2:26 pm
Forum: Investing - Theory, News & General
Topic: Roth conversion strategy
Replies: 19
Views: 2125

Re: Roth conversion strategy

I’m wondering if I should be converting 1/12 each month since I have no idea which direction the market might be going. As I’ve said before—if you don’t know what the market is going to do, then any type of market-timing strategy is just as likely to work for you as it is against you. Personally, t...
by 2cents2
Thu Nov 01, 2018 12:40 pm
Forum: Investing - Theory, News & General
Topic: Roth conversion strategy
Replies: 19
Views: 2125

Re: Roth conversion strategy

My plan is to convert some of DH’s tIRA to rIRA (in kind) up to the top of our tax bracket. ... . Also watch the IRMAA penalty brackets at age 63 and higher. $1 higher can trigger a $1200 increased medicare premium, and you won't see it for two years when you get the bill from medicare. Yes, I have...
by 2cents2
Thu Nov 01, 2018 12:21 pm
Forum: Investing - Theory, News & General
Topic: Roth conversion strategy
Replies: 19
Views: 2125

Re: Roth conversion strategy

No ACA subsidy, so no worries there.
by 2cents2
Thu Nov 01, 2018 11:47 am
Forum: Investing - Theory, News & General
Topic: Roth conversion strategy
Replies: 19
Views: 2125

Roth conversion strategy

My plan is to convert some of DH’s tIRA to rIRA (in kind) up to the top of our tax bracket. I have adjusted tax withholding amounts to cover the tax bill for the conversion. The only thing that my plan is a little hazy on is when is the best time to do the conversion since this can’t be undone. I wa...
by 2cents2
Tue Oct 30, 2018 3:42 am
Forum: Investing - Help with Personal Investments
Topic: Mega Backdoor: Cap on Distribution to Roth IRA?
Replies: 12
Views: 973

Re: Mega Backdoor: Cap on Distribution to Roth IRA?

There may be a fee to do the transfer, so check your plan rules.
by 2cents2
Fri Oct 26, 2018 8:04 am
Forum: Investing - Help with Personal Investments
Topic: Emotions when switching from being long time stock picker over to a more Boglehead approach
Replies: 16
Views: 1580

Re: Emotions when switching from being long time stock picker over to a more Boglehead approach

When you get the urge to buy individual stocks, review what you posted here: “I don't want to be doing this anymore. It's stressful, time consuming and like I said above in my case might not have even been all that rewarding.” An IPS would also be helpful when you are tempted. https://www.bogleheads...
by 2cents2
Wed Oct 24, 2018 4:31 pm
Forum: Investing - Theory, News & General
Topic: 401(k) Provider Change - 25 days in cash?!
Replies: 29
Views: 1990

Re: 401(k) Provider Change - 25 days in cash?!

Is there any way you can move other retirement savings into equites and use the money that is in cash as your bond allocation— switch them back when you are able to direct the investments again.
by 2cents2
Fri Oct 12, 2018 8:04 am
Forum: Personal Consumer Issues
Topic: My life saved by New subaru. Almost died.
Replies: 62
Views: 7353

Re: My life saved by New subaru. Almost died.

Your comment that "their regular braking too having failed them" indicates you may not understand these safety systems. There is no secondary/supplemental braking system. It can only apply maximum braking force via the ABS system, which is the same thing you did yourself during the panic stop (27 f...
by 2cents2
Tue Oct 09, 2018 9:34 am
Forum: Personal Finance (Not Investing)
Topic: 2018 Tax Planning - one spouse with one state income, other spouse with multi states income
Replies: 7
Views: 560

Re: 2018 Tax Planning - one spouse with one state income, other spouse with multi states income

Here is a link to the 2017 Virginia Form 763 Nonresident Individual Income Tax Instructions: https://tax.virginia.gov/sites/default/files/vatax-pdf/2017-form-763-instructions.pdf Here is a link to the 2017 Virginia Form 763 2017 Virginia Nonresident Income Tax Return: https://tax.virginia.gov/sites/...
by 2cents2
Mon Oct 08, 2018 5:18 pm
Forum: Investing - Help with Personal Investments
Topic: Planning to retire, but nervous about being ready.
Replies: 10
Views: 1448

Re: Planning to retire, but nervous about being ready.

One option that is available to you is the CSRS Voluntary Contribution Program. This is like a mega, mega backdoor Roth. You are allowed to contribute after tax money up to 10% of the aggregate basic pay you have received over your entire career. The money in this account receives interest (the rate...
by 2cents2
Mon Oct 01, 2018 7:08 am
Forum: Personal Finance (Not Investing)
Topic: Why is Home Part of NW [Net Worth]
Replies: 98
Views: 6889

Re: Why is Home Part of NW [Net Worth]

I use net worth plus value of life insurance for composition and value of estate. Anyway that is what our attorney was interested in when making up our will. I assume that is what the IRS uses to figure out whether or not an estate tax is owed? But, I don't use net worth to figure out how much my re...
by 2cents2
Thu Sep 27, 2018 7:35 pm
Forum: Investing - Help with Personal Investments
Topic: Average "Recordkeeping Services" fee for 401(k)
Replies: 11
Views: 838

Re: Average "Recordkeeping Services" fee for 401(k)

I don't know if this will help any because I don't know is if there are additional fees being paid by the employer. My 401k does not have any fees apart from the ER of the funds I am invested in. DH 401K#1:(It's a Megacorp, but I don't know how many participants) Record keeping Fee: fixed monthly fe...
by 2cents2
Thu Sep 27, 2018 6:51 am
Forum: Investing - Help with Personal Investments
Topic: Any reason to leave the 401(k) with previous employer open
Replies: 25
Views: 2599

Re: Any reason to leave the 401(k) with previous employer open

When you all roll 401k to next 401k or to tIRA, how long are you out of the market? I'd be uncomfortable being out of the market for 10 days. Or can you transfer your 401k in kind to another 401k/tIRA? Are you able to increase your equity allocation in the funds that your are not rolling over to co...
by 2cents2
Sun Sep 23, 2018 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: How to pay for upcoming medical / IVF expenses
Replies: 73
Views: 4829

Re: How to pay for upcoming medical / IVF expenses

Are you and/or your wife able to sign up for a Flexible Spending Account (FSA)? This would help a little bit towards your goal and it is generally around this time of the year when elections are made for the next year. If you both were eligible to sign up for a FSA ($2650 2018 limit- haven't seen 20...
by 2cents2
Tue Sep 18, 2018 7:40 am
Forum: Investing - Help with Personal Investments
Topic: questions about conversions
Replies: 3
Views: 414

Re: questions about conversions

If your company match is only paid on pretax contributions with no "true up" at the end of the year, then you have it right--you have to spread out your pretax contributions (at least 10% of salary) through out the year in order to get the match. You might double check to see if your company also ma...
by 2cents2
Fri Sep 14, 2018 8:01 am
Forum: Investing - Help with Personal Investments
Topic: Do you rollover all of your previous 401ks?
Replies: 33
Views: 2347

Re: Do you rollover all of your previous 401ks?

Appreciate it! Interestingly, my consideration in the OP was never to roll over to an IRA due to the backdoor Roth factor, but this discussion turned much into that. My main questions were: 1. How do you strategize your rollovers in general as you acquire more accounts (401ks, HSAs, etc), for the s...
by 2cents2
Fri Sep 14, 2018 7:29 am
Forum: Investing - Help with Personal Investments
Topic: Do you rollover all of your previous 401ks?
Replies: 33
Views: 2347

Re: Do you rollover all of your previous 401ks?

+1. Another reason is the current employer's 401(k) being exempt from RMD if this condition applies. I can’t find any authoritative reference to confirm this. Aren’t all 401K assets (including Roth 401K assets) subject to RMDs starting in the year you turn 70.5? I believe it is up to the plan. Here...
by 2cents2
Thu Sep 13, 2018 12:53 pm
Forum: Investing - Help with Personal Investments
Topic: Do you rollover all of your previous 401ks?
Replies: 33
Views: 2347

Re: Do you rollover all of your previous 401ks?

Unfortunately (or fortunately) I will need the backdoor roth, so rolling over to an IRA may not be the best option. But even if I didn't need the backdoor, I would not have access to the institutional shares that these 401ks offer. Why would I want to rollover to an IRA in this case? Right--you wou...
by 2cents2
Thu Sep 13, 2018 9:12 am
Forum: Investing - Help with Personal Investments
Topic: Do you rollover all of your previous 401ks?
Replies: 33
Views: 2347

Re: Do you rollover all of your previous 401ks?

"What is everyone's strategy for rollovers and consolidations? I imagine I will be changing jobs occasionally in the future, which will further add to the complexity of managing all of these funds. Any suggestions?" This is a good question. Lots of good points already brought up. Do you have to pay...
by 2cents2
Wed Sep 12, 2018 11:54 am
Forum: Personal Consumer Issues
Topic: Hurricane Florence - survival guide
Replies: 87
Views: 6726

Re: Hurricane Florence - survival guide

jebmke wrote:
Mon Sep 10, 2018 5:13 pm

I didn't read each post closely but I didn't see anyone mention filling up your car(s). If you have to ditch, you may not be able to find gas as easily.
This is good advice. I was wondering if anyone might know of an AP that shows up to date availability of gasoline?
by 2cents2
Sat Aug 25, 2018 5:37 pm
Forum: Investing - Help with Personal Investments
Topic: Move some over to Fidelity ZERO ?
Replies: 23
Views: 1922

Re: Move some over to Fidelity ZERO ?

NestEggLove wrote:
Sat Aug 25, 2018 3:46 pm

Thanks 2 cents —— I don’t have and didn’t know about potential non-deductible nature of a tIRA , since I already have a workplace retirement plan. Learn something every day ! :happy
To further explain--Read this: https://thefinancebuff.com/the-backdoor ... ow-to.html .
by 2cents2
Sat Aug 25, 2018 10:11 am
Forum: Investing - Help with Personal Investments
Topic: Move some over to Fidelity ZERO ?
Replies: 23
Views: 1922

Re: Move some over to Fidelity ZERO ?

If it fits in with your overall plan. Your 403B rollover to a tIRA will complicate things if you plan to do non deductible contribution(s) to a tIRA followed by a conversion(s) to a Roth in the future. I converted DH's international to FZILX (once I got over my initial shock and skepticism :happy :)...
by 2cents2
Wed Jul 18, 2018 8:03 am
Forum: Investing - Help with Personal Investments
Topic: How do you handle the urge to DO something?
Replies: 102
Views: 7870

Re: How do you handle the urge to DO something?

Re-read your Investment policy statement (IPS). If you don't have one, one thing you can DO that will help you in the future (when you get another urge to DO something) is to write your IPS.

https://www.bogleheads.org/wiki/Investm ... _statement
by 2cents2
Wed Jul 11, 2018 10:26 am
Forum: Personal Finance (Not Investing)
Topic: Whole Life - We're doing it. What to look for?
Replies: 128
Views: 8561

Re: Whole Life - We're doing it. What to look for?

I am confused about what you are proposing. Does your wife currently have a 250k level term life insurance policy that is in force for another 25 years that would bring her up to age 60? You want to convert this policy to less than half the current policy value and pay more for it? (And, you don’t c...
by 2cents2
Mon Jun 04, 2018 11:56 am
Forum: Investing - Help with Personal Investments
Topic: TSP Advice - Retiring Soon
Replies: 18
Views: 2224

Re: TSP Advice - Retiring Soon

Maybe this would be a good time to check beneficiary information.... Beneficiary information can be found online after logging into your account. On the left hand column towards the bottom under "Personal Information " there is a link for "Beneficiaries" You can see who your beneficiaries are. Once ...
by 2cents2
Mon Jun 04, 2018 10:49 am
Forum: Investing - Help with Personal Investments
Topic: TSP Advice - Retiring Soon
Replies: 18
Views: 2224

Re: TSP Advice - Retiring Soon

I think what might get folks confused is the situation where a spouse beneficiary sets up a Beneficiary Participant Account (BPA) leaving the funds in the TSP and then dies. At first I thought the BPA would be a good thing allowing the surviving spouse to continue to get the benefits from the TSP. B...
by 2cents2
Sun Jun 03, 2018 9:14 pm
Forum: Investing - Help with Personal Investments
Topic: TSP Advice - Retiring Soon
Replies: 18
Views: 2224

Re: TSP Advice - Retiring Soon

There will be more withdrawal options starting soon (I think the new rules are in place in Sept) which will give you lots more flexibility. The TSP Modernization Act gives the TSP until September 2019 to implement the withdrawal options. I think it is unlikely they will have them by September 2019....
by 2cents2
Sun Jun 03, 2018 8:21 pm
Forum: Investing - Help with Personal Investments
Topic: TSP Advice - Retiring Soon
Replies: 18
Views: 2224

Re: TSP Advice - Retiring Soon

Q: Is it wiser to take the money out completely at retirement, pay the federal taxes all at once, and move to Vanguard or Fidelity Roth? I may have about $500K after that... We don't very much about your tax situation. Are you married filing joint? How soon before you have to pay for medicare part ...
by 2cents2
Thu May 31, 2018 10:31 am
Forum: Personal Finance (Not Investing)
Topic: "Reversing" 401k to get match at new job?
Replies: 20
Views: 1727

Re: "Reversing" 401k to get match at new job?

Just piggy backing off what has been previously suggested--check and see if your new plan matches after tax contributions and also check and see if they allow in service rollovers of after tax contributions. DH was in a similar situation last year at this time. He went to work for a new company afte...
by 2cents2
Thu May 31, 2018 5:37 am
Forum: Personal Consumer Issues
Topic: Hotel Charged on Reservation vs Actual Night Stayed?
Replies: 31
Views: 1973

Re: Hotel Charged on Reservation vs Actual Night Stayed?

Marriott also charges a fee if a reservation is not cancelled 48 hours before arrival, and there are no apparent provisions for changing a reservation once the deadline passes... https://www.marriott.com/about/res-cancellation-policy.mi Marriott has always been very accommodating when we have had t...
by 2cents2
Thu May 17, 2018 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: Question for Federal Govt Retirees
Replies: 20
Views: 1613

Re: Question for Federal Govt Retirees

Fully research health insurance choices and options BOTH as a retiree BEFORE and AFTER medicare. Make 100% sure you are insured on the federal plan for 5 years as well as dependents. [A friend of mine was hit with this when he retired and had been on his wife's - not federal - insurance ] I know fe...