Search found 386 matches

by 2cents2
Tue Nov 12, 2019 7:55 am
Forum: Investing - Theory, News & General
Topic: Roth Conversion Calculation
Replies: 17
Views: 1354

Re: Roth Conversion Calculation

UPDATE: Thank you to all that responded. I can use all your advice this weekend. I am planning a conversion in the middle of the 22% tax bracket. No joy in getting into the 12% bracket. 😩 Again, thank you so much. I will let you know how it went. This is my first time in calculating a Roth conversi...
by 2cents2
Thu Oct 10, 2019 7:15 am
Forum: Investing - Theory, News & General
Topic: How many are switching from Fidelity?
Replies: 140
Views: 15865

Re: How many are switching from Fidelity?

I just noticed this this morning:
https://www.fidelity.com/why-fidelity/pricing-fees

I don't know how long this has been on the web site :oops:
by 2cents2
Wed Oct 09, 2019 8:10 am
Forum: Personal Investments
Topic: 401k issue
Replies: 4
Views: 425

Re: 401k issue

I wonder if it is a record keeping problem or an over contribution. What does your statement say? Can you drill down to your transaction history? Is any of the 16K attributable to the company match?
by 2cents2
Fri Oct 04, 2019 8:10 am
Forum: Personal Investments
Topic: After-tax IRA contribution write offs
Replies: 16
Views: 915

Re: After-tax IRA contribution write offs

I made an after-tax contribution to my TIRA in 2018, and was able to deduct it on taxes because there was no retirement plan available at work. I now want to roll my TIRA into a 401k at my new job, so that I can do a backdoor Roth, and also so that I can actively contribute to all retirement saving...
by 2cents2
Wed Oct 02, 2019 9:12 am
Forum: Personal Investments
Topic: Backdoor Roth Path Check
Replies: 12
Views: 669

Re: Backdoor Roth Path Check

2) Make the 6K contribution to her TIRA 3) Convert her Roth before Dec 31st and pay the tax for the 6K? Also, I wanted to add a clarification. Your 6K contribution will be from after tax money. So, yes, you will pay taxes on it, but it will come out of your normal withholding. There are web pages t...
by 2cents2
Wed Oct 02, 2019 8:33 am
Forum: Personal Investments
Topic: Backdoor Roth Path Check
Replies: 12
Views: 669

Re: Backdoor Roth Path Check

The reason for leaving $100 was being concerned that VG will let us keep the TIRA open with zero balance in it most of the year? No worries there--VG will keep it open for you. Even if they didn't keep it open for you, I guarantee you that dealing with the pro rata rule associated with a little bre...
by 2cents2
Tue Sep 10, 2019 9:52 pm
Forum: Personal Investments
Topic: Too late for a Roth?
Replies: 20
Views: 2481

Re: Too late for a Roth?

I do not currently have a Roth of any sort and I think I have learned that I make too much to contribute to TSP's Roth option. I believe I'll have to backdoor the Roth which is cool with me. I can always roll that outside Roth into the TSP--even after I am already retired. I'm probably going to sta...
by 2cents2
Tue Sep 10, 2019 9:39 pm
Forum: Personal Investments
Topic: Too late for a Roth?
Replies: 20
Views: 2481

Re: Too late for a Roth?

It is not too late for a Roth. But, as others have pointed out it might not be the most tax efficient since you are planning to retire in another state. Maybe the new state doesn't have state income tax or maybe they don't tax distributions from TSP? Since you are a LEO, I believe you are allowed to...
by 2cents2
Mon Sep 02, 2019 7:52 am
Forum: Personal Consumer Issues
Topic: Any Happy DVC owners here? [Disney Vacation Club]
Replies: 61
Views: 5350

Re: Any Happy DVC owners here? [Disney Vacation Club]

My Questions are: 1) Did you buy direct, or re-sale? 2) How many points should I get? I'm thinking 100-125 3) Should I wait on recession and scoop a deal? 4) What is reasonable "bargain"? I do not want to pay > $120/point 5) What did you not know then that you know now? 6) Do you have any regrets? ...
by 2cents2
Sun Sep 01, 2019 9:55 pm
Forum: Personal Consumer Issues
Topic: Any Happy DVC owners here? [Disney Vacation Club]
Replies: 61
Views: 5350

Re: Any Happy DVC owners here? [Disney Vacation Club]

We are happy DVC owners. But, (WARNING!) the DVC that we bought into is not the same DVC that is being sold today. We first purchased our DVC in 2002. We paid quite a bit less than what the buy in is today. Yes, we could sell some of our DVC points for quite a bit more than our original purchase pri...
by 2cents2
Fri Aug 30, 2019 7:48 pm
Forum: Personal Finance (Not Investing)
Topic: Friend has cancer. What should be the next steps?
Replies: 65
Views: 5195

Re: Friend has cancer. What should be the next steps?

Check on options that may be available from life insurance. Check and see if he may have an accelerated benefits rider on his life insurance policy (it allows him to collect some life insurance before he passes away). If he has to leave the company and he currently has group life insurance, check an...
by 2cents2
Mon Aug 12, 2019 11:40 am
Forum: Personal Finance (Not Investing)
Topic: House being sold as 2553sqft livable, but tax records show 2053? Cause for concern?
Replies: 37
Views: 3115

Re: House being sold as 2553sqft livable, but tax records show 2053? Cause for concern?

This has already been mentioned up thread several times, but it may be the way the county considers the space for tax purposes. My county has this on their tax assessment: Above Grade Living Area Total Sq. Ft. In your due diligence phase, you may be able to look at the assessment online. Also, your ...
by 2cents2
Thu Aug 08, 2019 7:29 am
Forum: Personal Investments
Topic: Helping my CSRS parent navigate meeting with Raymond James CFP
Replies: 35
Views: 3348

Re: Helping my CSRS parent navigate meeting with Raymond James CFP

Hi, long time reader, finally made an account to ask about a question to help out my family. I'm scheduled to go with my parents to meet with a Raymond James associated CFP in the next few days. A little background, my dad is about to retire with a Federal Employee CSRS style pension. We know there...
by 2cents2
Wed Jul 31, 2019 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: Military spouse - accept job with or without benefits?
Replies: 7
Views: 954

Re: Military spouse - accept job with or without benefits?

There are a couple of things that you should investigate. Will your wife be contributing to the pension plan? If so, what happens to the contributions if she doesn’t vest? (Maybe she gets a refund of her contributions plus interest?) Health care. It might be good to ask about how the new health care...
by 2cents2
Wed Jul 31, 2019 1:18 pm
Forum: Personal Investments
Topic: Combat Zone Tax Exclusion question
Replies: 8
Views: 1035

Re: Combat Zone Tax Exclusion question

I have a technical question for you: does the HYSA= SDP? “The Savings Deposit Program (SDP), administered by the Defense Finance and Accounting Service (DFAS), offers a guaranteed annual return of 10 percent, compounded quarterly, on up to $10,000 in savings -- a rate that far exceeds traditional sa...
by 2cents2
Tue Jul 30, 2019 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: FEGLI or Private Life Insurance?
Replies: 30
Views: 1455

Re: FEGLI or Private Life Insurance?

FEGLI is very difficult to get coverage later on if you decline it initially. If you carry the basic, you can add coverage for a qualifying event such as marriage and birth/adoption of children. It seems to me that you can elect Basic when an of those things happen after initially waiving it. Am I ...
by 2cents2
Tue Jul 30, 2019 7:44 am
Forum: Personal Finance (Not Investing)
Topic: FEGLI or Private Life Insurance?
Replies: 30
Views: 1455

Re: FEGLI or Private Life Insurance?

Here is a link to the OPM handbook which has a lot of useful info on FEGLI
https://www.opm.gov/healthcare-insuranc ... i-handbook
by 2cents2
Tue Jul 30, 2019 7:30 am
Forum: Personal Finance (Not Investing)
Topic: FEGLI or Private Life Insurance?
Replies: 30
Views: 1455

Re: FEGLI or Private Life Insurance?

I signed up for both private and FEGLI. I am risk adverse and FEGLI did give me peace of mind. FEGLI is very expensive, but as far as I am aware there are no exclusions like you may or may not have with private insurance. (Some examples of exclusions that you may or may not have with private insuran...
by 2cents2
Thu Jul 11, 2019 9:06 am
Forum: Personal Consumer Issues
Topic: my best new travel tip only $2 per day more [airport parking]
Replies: 59
Views: 6642

Re: my best new travel tip only $2 per day more [airport parking]

We recently visited Walla Walla, WA and were shocked to find that parking was free. They even had a long term area. You walk across the parking lot and into the terminal. We had to park there just because it was free! (Well, that and DH was interested in the WWII history on the airfield and they had...
by 2cents2
Sun Jun 16, 2019 2:28 pm
Forum: Personal Consumer Issues
Topic: Freezing Credit issues
Replies: 8
Views: 885

Re: Freezing Credit issues

Have you ordered a copy of her credit report from all 3 credit reporting agencies to make sure there isn’t any fraudulent activity on her account?
by 2cents2
Thu Jun 13, 2019 6:25 pm
Forum: Personal Consumer Issues
Topic: Getting FastPass with regular Disney tickets
Replies: 6
Views: 788

Re: Getting FastPass with regular Disney tickets

Here is an thread on the Dis Board which talks about Fast Pass (and Maxpass) strategy at Disneyland.



https://disboards.com/threads/maxpass-f ... y.3726246/
by 2cents2
Tue May 28, 2019 10:42 am
Forum: Personal Finance (Not Investing)
Topic: Diagnosed with cancer, anything else I should be doing?
Replies: 24
Views: 4346

Re: Diagnosed with cancer, anything else I should be doing?

You said your estate documents are up to date--just want to make sure that includes power of attorney for your spouse in case you are temporarily incapacitated or you just plain don't feel like dealing with financial stuff and your wife can pick up the slack (assuming she doesn't already). Also, I k...
by 2cents2
Sat May 25, 2019 5:56 am
Forum: Personal Consumer Issues
Topic: ongoing eBay buying problems
Replies: 32
Views: 2544

Re: ongoing eBay buying problems

DH and I experienced a similar problem a couple of weeks ago. We were trying to purchase an item from a seller in the US. We don’t have an EBay or PP account. We were using the buy it now option and entering in a CC number. We’d enter in all the information and then the sale would not go through. We...
by 2cents2
Wed May 15, 2019 11:32 am
Forum: Personal Investments
Topic: Trying to avoid tIRA CDs
Replies: 10
Views: 912

Re: Trying to avoid tIRA CDs

I understand the benefits of CDs, but also there are issues with IRA CDs and taking withdrawals/RMDs without penalty. My MIL passed away recently with multiple accounts scattered here and there, no fun to resolve. My aim is to consolidate and have as few accounts as possible (Vanguard plus 1 or 2 b...
by 2cents2
Sun May 12, 2019 10:18 am
Forum: Personal Finance (Not Investing)
Topic: Fed Employee/Retirement Issues
Replies: 24
Views: 1975

Re: Fed Employee/Retirement Issues

Technically, you could submit an application on your last day of work. But, then it would be difficult for your co-workers to throw together a retirement party. :happy Seriously, though, your personnel department has a lot of work to do on your application (verifying your employment and making sure ...
by 2cents2
Thu May 02, 2019 12:34 pm
Forum: Personal Investments
Topic: Backdoor Roth
Replies: 8
Views: 918

Re: Backdoor Roth

I just want to confirm that I’m doing this correctly. I’m rolling into my 401k the TIRA balance less $21,567, which is the amount listed on Form 8606 line 14 filed with my 2018 return. Then I convert the $21,567 into a Roth, leaving the TIRA at $0. What I’m still unclear about is how the fact that ...
by 2cents2
Thu May 02, 2019 11:15 am
Forum: Personal Investments
Topic: Roth IRA: Mega-backdoor and ordinary backdoor
Replies: 6
Views: 662

Re: Roth IRA: Mega-backdoor and ordinary backdoor

In 2019, Mega-backdoor Roth contribution is limited by $56K and ordinary backdoor Roth by $6K (or $7K after 50). The question is whether $6K is included into $56K or not? Sorry if it has been discussed already: somehow cannot find much info on this topic. I thought I would add a couple more details...
by 2cents2
Tue Apr 30, 2019 6:08 am
Forum: Personal Finance (Not Investing)
Topic: Rolled over and melting down
Replies: 72
Views: 7354

Re: Rolled over and melting down

Why not roll that money over to a roll over IRA with Vanguard or Fidelity? (Edit I missed that last line and this is the nature of your post) I am sure contacting one of those services they would be able to help coordinate such a maneuver. https://investor.vanguard.com/401k-rollover/how-to-roll-ove...
by 2cents2
Sun Apr 28, 2019 1:04 pm
Forum: Personal Investments
Topic: Vanguard to Fidelity 401K
Replies: 23
Views: 1969

Re: Vanguard to Fidelity 401K

I can list the vanguard td funds, but is any of the Fidelity funds I listed are any good? What do you mean by ers of the funds? I already listed the fund names and the ticker symbols. If you look on your investments tab on your Fidelity account and then look at your investment choices, there is a F...
by 2cents2
Fri Apr 26, 2019 8:05 am
Forum: Personal Finance (Not Investing)
Topic: Do Joint Accounts Matter if Spouse Stays Home with the Kids?
Replies: 31
Views: 2491

Re: Do Joint Accounts Matter if Spouse Stays Home with the Kids?

I can think of a couple of situations where it would be inconvenient for your wife's name not to also be on the bills. I recently had to find a utility bill with our home address and my name on the bill in order to renew my driver's license. Another situation that could happen is that you become inc...
by 2cents2
Sat Mar 30, 2019 9:37 am
Forum: Personal Investments
Topic: 2019 tIRA to Roth conversion -- now or later?
Replies: 21
Views: 1614

Re: 2019 tIRA to Roth conversion -- now or later?

Bumping this up--What did everyone decide?
by 2cents2
Sat Mar 30, 2019 7:45 am
Forum: Investing - Theory, News & General
Topic: Conversion Strategy and a market drop
Replies: 24
Views: 1815

Re: Conversion Strategy and a market drop

Last year I converted about 1/2 of what we planned to convert in Oct because it seemed like the market was down. I waited to convert the other half in December so I could be more certain of our income. The market was actually lower in December when I converted the 2nd half. :oops: I did feel a littl...
by 2cents2
Fri Mar 29, 2019 9:21 am
Forum: Personal Investments
Topic: Back door Roth strategy
Replies: 30
Views: 1844

Re: Back door Roth strategy

Captpete It is difficult to say your best course of action because we don't know your tax situation. Another option you could take is to convert the entire pension IRA to Roth so that all your funds are 100% Roth and pay taxes on the conversion. You would have to determine whether taking the tax hit...
by 2cents2
Sat Mar 23, 2019 7:39 am
Forum: Investing - Theory, News & General
Topic: Can I still do a Mega Backdoor Roth Conversion for 2018?
Replies: 12
Views: 1151

Re: Can I still do a Mega Backdoor Roth Conversion for 2018?

It sounds like maybe you could do both types of conversions to Roth. As far as I know you can only do the 401k contributions through payroll deductions—so, you wouldn’t be able to do anymore for 2018. For the mega backdoor to work optimally, your plan must allow after tax contributions and in plan r...
by 2cents2
Fri Mar 22, 2019 6:15 am
Forum: Investing - Theory, News & General
Topic: Can I still do a Mega Backdoor Roth Conversion for 2018?
Replies: 12
Views: 1151

Re: Can I still do a Mega Backdoor Roth Conversion for 2018?

You can not do a conversion for 2018 in 2019, but no worries you can still do a conversion. You’ve touched on different kinds of conversions, though. The mega back door is after tax contributions made to a 401k and then converted to a Roth IRA. The regular back door has several conditions that must ...
by 2cents2
Mon Mar 18, 2019 6:57 am
Forum: Personal Consumer Issues
Topic: Am I being cheap? Wife wants a minivan, but I want to hold off
Replies: 170
Views: 8604

Re: Am I being cheap? Wife wants a minivan, but I want to hold off

Your wife should drive the vehicle she wants to drive.
by 2cents2
Mon Mar 11, 2019 1:21 pm
Forum: Personal Consumer Issues
Topic: Not allowed to reserve multiple United flights departing at different times from same destination on same day?
Replies: 40
Views: 2757

Re: Not allowed to reserve multiple United flights departing at different times from same destination on same day?

A lot of folks don't really track this, but all the airlines have a Contract of Carriage which states their terms and conditions. (And by purchasing a ticket or accepting transportation, the passenger agrees to be bound by these controlling terms of the Contract of Carriage. ) Understanding this doc...
by 2cents2
Mon Mar 11, 2019 8:48 am
Forum: Personal Consumer Issues
Topic: Not allowed to reserve multiple United flights departing at different times from same destination on same day?
Replies: 40
Views: 2757

Re: Not allowed to reserve multiple United flights departing at different times from same destination on same day?

I've noticed that Southwest will also cancel itineraries on the same day if its computer doesn't think you're going to make it. (Even if it is technically possible). There are some folks on flyertalk who have custom itineraries so that they can take advantage of the new service to Hawaii and the Sou...
by 2cents2
Sun Feb 17, 2019 2:56 pm
Forum: Personal Investments
Topic: Q for Federal Employees - FEHB, advisors, etc.
Replies: 16
Views: 1049

Re: Q for Federal Employees - FEHB, advisors, etc.

This is from OPM’s web site: “Requirements for Continuing Enrollment For your surviving family members to continue your health benefits enrollment after your death, all of the following requirements must be met: You must have been enrolled for Self and Family at the time of your death; and At least ...
by 2cents2
Sun Feb 17, 2019 2:34 pm
Forum: Personal Investments
Topic: Q for Federal Employees - FEHB, advisors, etc.
Replies: 16
Views: 1049

Re: Q for Federal Employees - FEHB, advisors, etc.

Provided your DW meets all the other requirements to carry FEHB into retirement, another gotcha that I can think of is in order for you to continue FEHB as a survivor you must receive a survivor annuity— if she does not elect a survivor benefit from her pension then you would be shut out of FEHB as ...
by 2cents2
Thu Feb 07, 2019 9:38 am
Forum: Personal Consumer Issues
Topic: FamilyTreeDNA Admits to Sharing Genetic Data
Replies: 53
Views: 3052

Re: FamilyTreeDNA Admits to Sharing Genetic Data

Kindly present one instance in which DNA randomly left some place where a crime is later committed has resulted in an innocent person being convicted. Even some hypothetical scenario in enough detail will do. Actually, I read a story about a homeless dude being charged with murder because his DNA h...
by 2cents2
Sun Feb 03, 2019 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Conversion Being Taxed
Replies: 18
Views: 1512

Re: Backdoor Conversion Being Taxed

As mentioned by others—One of the problems that causes the whole thing to be taxed is that the 2018 IRA contribution is not entered in. IIRC, that series of interview questions (on IRA contributions) comes later on. Technical question- has the form 8606 been released? The last time I checked my turb...
by 2cents2
Wed Jan 23, 2019 11:34 am
Forum: Personal Investments
Topic: Backdoor Roth
Replies: 8
Views: 480

Re: Backdoor Roth

Trying to clarify what you mean by this: "you actually made less money than you thought you were going to",

Did you contribute more than you earned to a Roth? Or, do you mean you were were still eligible to make a direct contribution to a Roth?
by 2cents2
Wed Dec 19, 2018 3:11 pm
Forum: Personal Consumer Issues
Topic: Disney/Univ Studio in Spring Break - is it crowded?
Replies: 48
Views: 2024

Re: Disney/Univ Studio in Spring Break - is it crowded?

I see some folks are talking about Disneyland and we are talking about Disneyworld in Orlando - my fault for not looking. Crowd calendars and the tricks have always worked for us in Orlando - at least in the 80+ days we have been there so far. The OP said they were going to Universal Studio (LA) , ...
by 2cents2
Tue Dec 18, 2018 6:12 pm
Forum: Personal Consumer Issues
Topic: Disney/Univ Studio in Spring Break - is it crowded?
Replies: 48
Views: 2024

Re: Disney/Univ Studio in Spring Break - is it crowded?

Hi, I am planning to take kids to Disney and Universal Studio (LA) during Spring Break in April. I see that Universal Studio has increased the price for that week by 5 dollars per person. Has anyone visited those places during Spring Break? If yes, is it too crowded in that week or is normal. Any p...
by 2cents2
Sat Dec 08, 2018 12:57 pm
Forum: Personal Investments
Topic: Non-qualified Roth 401K rollover
Replies: 4
Views: 305

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: Personal Investments
Topic: Non-qualified Roth 401K rollover
Replies: 4
Views: 305

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: Personal Investments
Topic: 401k Overcontribution
Replies: 19
Views: 1751

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 ...