Search found 316 matches

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: 7024

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: 497

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: 1370

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: 6630

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: 796

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: 2532

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: 4613

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: 403

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: 2276

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: 2276

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: 2276

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: 2276

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: 6603

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: 1844

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: 1844

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: 7632

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: 8303

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: 1981

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: 1981

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: 1981

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: 1981

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: 1680

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: 1934

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: 1546

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...
by 2cents2
Thu May 17, 2018 9:37 am
Forum: Personal Finance (Not Investing)
Topic: Question for Federal Govt Retirees
Replies: 20
Views: 1546

Re: Question for Federal Govt Retirees

But, back to the original question--1 year out: Here is a link to OPM's guidance: https://www.opm.gov/retirement-services/csrs-information/planning-and-applying/#url=One-Year-Away https://www.opm.gov/retirement-services/csrs-information/planning-and-applying/#url=Within-Months As others have said is...
by 2cents2
Thu May 17, 2018 8:22 am
Forum: Personal Finance (Not Investing)
Topic: Question for Federal Govt Retirees
Replies: 20
Views: 1546

Re: Question for Federal Govt Retirees

From what I've heard some federal govt retirees just give notice the last day (surpise) and go home. If you don't need immediate cash that could be an option, though you might have to consider how health care coverage works. I only know of one person who went this route and the only person who was ...
by 2cents2
Mon May 14, 2018 11:05 pm
Forum: Investing - Help with Personal Investments
Topic: Small gift from Grandma to infant - where to put it?
Replies: 21
Views: 2132

Re: Small gift from Grandma to infant - where to put it?

If you currently own fewer than one share of Disney common stock, or do not currently own any shares of Disney common stock, you may join the Plan by completing an enrollment form and either making an initial cash investment of at least $175 or authorizing monthly deductions of at least $50 from a ...
by 2cents2
Sun May 13, 2018 3:15 am
Forum: Personal Finance (Not Investing)
Topic: "Patient paid amount" for month of death in nursing home?
Replies: 33
Views: 4236

Re: "Patient paid amount" for month of death in nursing home?

Upon death of a recipient, SSA generally claws back the final social security check and the estate must file paperwork to get it. This is to ensure it goes to the correct people or entities. Thus, I suspect this is what happened, and what is needed is for the estate to pay the nursing home and then...
by 2cents2
Sat May 05, 2018 8:04 am
Forum: Investing - Help with Personal Investments
Topic: dad, can I have some money
Replies: 14
Views: 3476

Re: dad, can I have some money

Scenerio- dad roll-overed 401k to tira via advisor about 4 years ago when he retired at 62. paid like 40k tax on this (dumb advisor) so now sitting with 104k in tira
This has me a little confused. The rollover to a tIRA should not have generated any taxes. What were the taxes for?
by 2cents2
Fri May 04, 2018 4:19 am
Forum: Investing - Help with Personal Investments
Topic: Ed. Jones rep didn't like our plan, now we're locked out
Replies: 152
Views: 19274

Re: Ed. Jones rep didn't like our plan, now we're locked out

Wow. I’m sorry for the trouble your parents are having. It is a little unsettling to me that EJ can block your parents from acessing their assets by the whim of their advisor. It sounds like your parents feel more comfortable with a little hand holding. I don’t know about Scwab, but Vanguard has som...
by 2cents2
Mon Apr 30, 2018 11:28 pm
Forum: Personal Finance (Not Investing)
Topic: Asked to be Executor - What questions to ask
Replies: 39
Views: 4004

Re: Asked to be Executor - What questions to ask

One other thought is— shouldn’t you meet with your own attorney to find out whether this is a good idea or not? What I wonder is your liability should one of the feuding beneficiaries be unhappy with the way you have performed your duties?
by 2cents2
Mon Apr 30, 2018 10:53 pm
Forum: Personal Finance (Not Investing)
Topic: Asked to be Executor - What questions to ask
Replies: 39
Views: 4004

Re: Asked to be Executor - What questions to ask

I’m not a lawyer, but here are some things I would wonder about: 1. Will you be eligible to act as executor? (Such as: Some states have restrictions on out of state residents acting as executors.) 2. Will you be required to post a bond to act as executor? http://info.legalzoom.com/can-executors-live...
by 2cents2
Wed Apr 25, 2018 9:21 am
Forum: Investing - Help with Personal Investments
Topic: New 34, Bogle convert wanting to make sure I don’t screw up 401k
Replies: 13
Views: 1234

Re: New 34, Bogle convert wanting to make sure I don’t screw up 401k

One thing that would influence my decision is the expense ratio (ER) of the fund. Do you know what your 401K is charging you (the ER) for the various funds? If the vanguard target retirement funds ERs were about the same as what a 3 or 4 fund portfolio would cost, I would pick the target fund that m...
by 2cents2
Tue Apr 24, 2018 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: What type of loan? [until funds received from estate settlement]
Replies: 16
Views: 1382

Re: What type of loan? [until funds received from estate settlement]

I need a $5,000. short term loan to hold me off until a will is finalized sometime in May. I'm a beneficiary and will be getting around $80,000. I'm looking for a loan where I can show them the will if needed to make it happen. Hopefully not needing to pay them a high interest rate. I live in Cinci...
by 2cents2
Wed Apr 18, 2018 4:48 pm
Forum: Personal Consumer Issues
Topic: Perks of Owning Certain Individual Stocks
Replies: 28
Views: 3854

Re: Perks of Owning Certain Individual Stocks

Disney gave out canvas bags and pins at the last shareholder meeting....
by 2cents2
Wed Apr 18, 2018 4:43 pm
Forum: Personal Consumer Issues
Topic: Perks of Owning Certain Individual Stocks
Replies: 28
Views: 3854

Re: Perks of Owning Certain Individual Stocks

At one time I was told that shareholders of Wrigley received some chewing gum every year. That is true-they sent out a carton (several packs of gum) in December. A lot of times they would send out new flavors, but sometimes it was a good old classic. The company was acquired by Mars, so my shares w...
by 2cents2
Wed Apr 18, 2018 9:33 am
Forum: Personal Finance (Not Investing)
Topic: Quitting job - what to do if getting walked to the door
Replies: 106
Views: 12384

Re: Quitting job - what to do if getting walked to the door

Do you have a FSA account with unspent funds? FSA is tied to your last day of employment. (Oddly enough, you can spend the entire amount that you pledged.) If you have money in your FSA that you haven't spent, you can still get access to it if you continue to make payments through COBRA--but payment...
by 2cents2
Tue Apr 17, 2018 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: Exposure not filing Gift tax return 709
Replies: 12
Views: 1072

Re: Exposure not filing Gift tax return 709

I will need to list all gifts once I open up the pandora box of the 709. Gifts to charity etc even if small amounts It isn't quite that complicated. Gifts to charity are treated differently. And, it goes by each person. So, unless you've exceeded the limit to another individual, you only have the o...
by 2cents2
Tue Apr 17, 2018 10:13 am
Forum: Personal Consumer Issues
Topic: Yellowstone time needed
Replies: 22
Views: 2572

Re: Yellowstone time needed

The park covers a lot of area. There were always lots of other cars on the road every time we have visited (although it's been quite a few years). The highest speed limit in the park is 45 mph, but it is slower on twisty, turny roads and where it is congested. Also, sometimes the animals crossing th...
by 2cents2
Sun Apr 15, 2018 5:07 pm
Forum: Investing - Help with Personal Investments
Topic: 2018 Tax Planning Help - New to US - Couple in Their 30s
Replies: 11
Views: 1029

Re: 2018 Tax Planning Help - New to US - Couple in Their 30s

We do not plan on working past our late-40s and I'm afraid of having my money locked up in an IRA or 401k until 59-1/2 so I've avoided them. Can you do a mega backdoor Roth from your 401K? This works if your 401k plan allows after tax contributions and in service rollovers of your after tax contrib...
by 2cents2
Sat Apr 14, 2018 8:08 am
Forum: Personal Finance (Not Investing)
Topic: Mistake IRA contribution to current year
Replies: 7
Views: 561

Re: Mistake IRA contribution to current year

....It was meant for 2016 and we went through incredibly many steps to get this right.... Yes, back to the OP. I was not certain by what you meant here. The incredibly many steps--does that mean that you discovered the mistake last year and you went through many steps to get it corrected, but it di...
by 2cents2
Sat Apr 14, 2018 4:51 am
Forum: Personal Finance (Not Investing)
Topic: Mistake IRA contribution to current year
Replies: 7
Views: 561

Re: Mistake IRA contribution to current year

The question I have regards cotributing to a backdoor Roth IRA the year after the intended year for the credit. If a contribution is made this year before April 17 to a non deductible IRA for year 2017 can this later be transferred to a Roth IRA for year 2017? I ve gotten two different answers from...
by 2cents2
Wed Apr 11, 2018 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: Turbo tax backdoor roth IRA problems, double taxing me?
Replies: 20
Views: 1226

Re: Turbo tax backdoor roth IRA problems, double taxing me?

This is a mystery. What year is on the 1099-R? Could you have received your 2018 1099-R? Though, if so it is really unusual. The earliest I have ever received my 1099R from Vanguard was 8 Jan of the following year (after the tax year had closed out).
by 2cents2
Wed Apr 11, 2018 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: Turbo tax backdoor roth IRA problems, double taxing me?
Replies: 20
Views: 1226

Re: Turbo tax backdoor roth IRA problems, double taxing me?

I'm not really sure what is going on, except that the 1099-R that you received should apply to what you did in calendar year 2107. You should receive another 1099-R next year for the conversion you did in January of this year. Did you do a conversion in 2017?
by 2cents2
Wed Apr 11, 2018 4:30 am
Forum: Personal Finance (Not Investing)
Topic: Owners Title Insurance - Super Heavy Handed Pitch
Replies: 101
Views: 6896

Re: Owners Title Insurance - Super Heavy Handed Pitch

Doesn’t your owner’s title insurance stay in force as long as you own the property? Is there a limit? The mortgage holder’s exposure would go down as you pay off the mortgage. But, the homeowners exposure would increase as the home is paid off and the value of the property increases over time.
by 2cents2
Tue Apr 10, 2018 2:51 pm
Forum: Personal Consumer Issues
Topic: Driver's permit before 18 - Any financial incentive
Replies: 52
Views: 2291

Re: Driver's permit before 18 - Any financial incentive

You should check with your insurance company. We didn't incur any additional insurance expense for DS while he had a learner's permit, but we did pay more after he was licensed. Our insurance company gave discounts for good grades and they also had a program to promote safe drivers which gave a disc...
by 2cents2
Tue Apr 10, 2018 9:43 am
Forum: Local Chapters and Bogleheads Community
Topic: Too much Bogleheads.org?
Replies: 90
Views: 14555

Re: Too much Bogleheads.org?

For those that have been on site site for more than a year, do you think this is "normal" for folks who are just getting started and does this subside once you've reached a point where your budget, lifestyle and investing habits have stabilized? Or, once you've "seen the light" do you stay hyper-fo...