Search found 491 matches

by The529guy
Sun Dec 10, 2017 12:41 pm
Forum: Investing - Theory, News & General
Topic: Why is Vanguard switching all accounts to brokerage accounts?
Replies: 34
Views: 3566

Re: Why is Vanguard switching all accounts to brokerage accounts?

I can’t seem to use mobile check deposit after converting to brokerage. Sad.
by The529guy
Tue Dec 05, 2017 1:38 am
Forum: Investing - Help with Personal Investments
Topic: Stable Value funds in 529 Plans
Replies: 11
Views: 698

Re: Stable Value funds in 529 Plans

itstoomuch wrote:
Tue Dec 05, 2017 1:15 am
Probably not, on reflection.
:oops:
Just checking :)
by The529guy
Tue Dec 05, 2017 1:05 am
Forum: Investing - Help with Personal Investments
Topic: Stable Value funds in 529 Plans
Replies: 11
Views: 698

Re: Stable Value funds in 529 Plans

itstoomuch wrote:
Tue Dec 05, 2017 12:08 am
More information please.
I
Your age, your child's age, your contribution for college, your tax bracket.
Is that really necessary to answer OP's question regarding the highest-paying 529 SVF?
by The529guy
Sun Dec 03, 2017 3:29 pm
Forum: Personal Consumer Issues
Topic: Philanthropy and related issues
Replies: 50
Views: 3294

Re: Philanthropy and related issues

Hi All, I am very new to the forum and I certainly don't want to alienate anyone ( or break the rules). I genuinely appreciate the advice I have received. I have yet to see any posts by the financially fortunate people here about donating some of their wealth to charity or other non-profit causes. ...
by The529guy
Wed Nov 29, 2017 2:39 am
Forum: Investing - Help with Personal Investments
Topic: What 529 plan is recommended for California residents?
Replies: 15
Views: 1190

Re: What 529 plan is recommended for California residents?

MrJones wrote:
Wed Nov 29, 2017 1:57 am
Pardon my ignorance, but could sunshine explain the benefit of a 529 plan over a regular taxable investment account for a resident of California? I thought the state did not provide a tax benefit for these accounts.
There is the federal tax benefit that all 529 plans enjoy.
by The529guy
Fri Oct 06, 2017 4:14 pm
Forum: Investing - Help with Personal Investments
Topic: Did Backdoor Roth, but there's 35 cents left in TIRA
Replies: 8
Views: 872

Re: Did Backdoor Roth, but there's 35 cents left in TIRA

simplify wrote:
Thu Oct 05, 2017 9:29 pm
And do the leftover cents make the Form 8606 more complicated?
It should round down to $0 when filling out Form 8606.
by The529guy
Sun Sep 24, 2017 11:52 am
Forum: Personal Finance (Not Investing)
Topic: Evaluating my HSA
Replies: 10
Views: 980

Re: Evaluating my HSA

Which is a bigger number: 10% of X or 10.5% of Y?

We need more info.
by The529guy
Mon Sep 04, 2017 8:20 pm
Forum: Personal Finance (Not Investing)
Topic: Renting during residency
Replies: 12
Views: 1437

Re: Renting during residency

Share a place with other residents who will be equally uninterested in life outside work/study?
by The529guy
Sat Aug 26, 2017 5:53 pm
Forum: Personal Finance (Not Investing)
Topic: 529 for R&B-Off Campus Housing
Replies: 17
Views: 1542

Re: 529 for R&B-Off Campus Housing

Does anyone know what the limit for qualified distributions for room and board expenses are if there are different published costs based on room type? For example, a single dorm is more expensive than shared space with a community bathroom. If the equivalent off campus rental to the university dorm...
by The529guy
Wed Jul 12, 2017 4:06 pm
Forum: Investing - Help with Personal Investments
Topic: EdVest (529 Plan) AA for kids
Replies: 1
Views: 169

Re: EdVest (529 Plan) AA for kids

As reference to other posters, EdVest includes a tax deduction for contributions.
by The529guy
Tue Jul 11, 2017 5:48 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement Plans for new, small non-profit
Replies: 2
Views: 359

Re: Retirement Plans for new, small non-profit

Captain401 seems to have a very user friendly interface and simple, but I haven't heard of anyone's experience with them. Should I be concerned going with a start-up without much of a history? There's a more recent thread that mentions Captain401. They take an awesome lineup of Vanguard funds and t...
by The529guy
Tue Jul 11, 2017 12:27 pm
Forum: Investing - Help with Personal Investments
Topic: Can I split an inherited IRA into two accounts to invest in a VC fund?
Replies: 2
Views: 326

Re: Can I split an inherited IRA into two accounts to invest in a VC fund?

I wouldn't do it, but you might investigate whether a self-directed IRA vendor would be able to facilitate investment in the venture fund in a second IRA. A few vendors have been discussed here over the years.
by The529guy
Mon Jul 10, 2017 5:56 pm
Forum: Investing - Help with Personal Investments
Topic: 401k for small business with 3 employees????
Replies: 5
Views: 819

Re: 401k self employed with 3 employees????

I think you're asking whether anyone here has set up a 401k plan for a 3-person company. Is that right? To avoid confusion, I recommend reading the wiki article on Solo 401k plans : A Solo 401(k), (also known as a Self Employed 401(k), One-Participant 401(k), or Individual 401(k)), is a 401(k) quali...
by The529guy
Mon Jul 10, 2017 3:34 pm
Forum: Personal Consumer Issues
Topic: Slovenia, Croatia, Montenegro
Replies: 13
Views: 1423

Re: Slovenia, Croatia, Montenegro

Plitvice Lakes National Park is pretty amazing. I enjoyed biking around Lake Bled. I really liked Ljubljana, too.

We took a tour operator's day-trip to Montenegro from Dubrovnik. Much of the coastal area we saw kind of seemed like a Russian version of Atlantic City.
by The529guy
Mon Jul 10, 2017 3:07 pm
Forum: Investing - Help with Personal Investments
Topic: 529 alone or along with UTMA?
Replies: 2
Views: 346

Re: 529 alone or along with UTMA?

So far we have been saving for education outside of 529 accounts. We would like to open 529 accounts for our two kids - 3 and 7 years away from collage. We would like to fund these accounts with appreciated stocks and front load them to the max. How to do that without paying capital gains taxes. So...
by The529guy
Sun Jul 09, 2017 6:24 pm
Forum: Investing - Help with Personal Investments
Topic: Advice on Setting Up a New 403(b)
Replies: 12
Views: 775

Re: Advice on Setting Up a New 403(b)

If you're looking at contributing ~$5k (10% of $50k), have you considered opening a Roth IRA instead of using your 403b plan? More importantly, you really need to reconcile these two statements below before investing further. Any significant allocation to stocks is going to disappoint you, if you a...
by The529guy
Sun Jul 09, 2017 4:24 pm
Forum: Investing - Help with Personal Investments
Topic: Advice on Setting Up a New 403(b)
Replies: 12
Views: 775

Re: Advice on Setting Up a New 403(b)

If you're looking at contributing ~$5k (10% of $50k), have you considered opening a Roth IRA instead of using your 403b plan? More importantly, you really need to reconcile these two statements below before investing further. Any significant allocation to stocks is going to disappoint you, if you ap...
by The529guy
Sun Jul 09, 2017 1:06 pm
Forum: Investing - Help with Personal Investments
Topic: Moving from VA to GA. Do I keep VA 529 or roll over to NY or CA?
Replies: 6
Views: 396

Re: Moving from VA to GA. Do I keep VA 529 or roll over to NY or CA?

At the end of the day, I would rollover the Virginia Prepaid plan funds to the Georgia plan. It stinks to give back the Virginia tax deduction (and not get a Georgia deduction on the rollover), but at least the balances are relatively low. I would not want to risk investing in something that could v...
by The529guy
Sun Jul 09, 2017 12:18 pm
Forum: Investing - Help with Personal Investments
Topic: Moving from VA to GA. Do I keep VA 529 or roll over to NY or CA?
Replies: 6
Views: 396

Re: Moving from VA to GA. Do I keep VA 529 or roll over to NY or CA?

I'm moving from Virginia to Georgia (essentially now) to begin a new job. So your kids are no longer eligible for in-state tuition at Virginia public colleges or universities. However, if your child chooses to attend a Virginia public college or university and is no longer eligible for in-state tui...
by The529guy
Sun Jul 09, 2017 12:07 pm
Forum: Investing - Help with Personal Investments
Topic: Moving from VA to GA. Do I keep VA 529 or roll over to NY or CA?
Replies: 6
Views: 396

Re: Moving from VA to GA. Do I keep VA 529 or roll over to NY or CA?

If I roll over the plan, would the tax benefit be subject to recapture? Prepaid529 Program Description and Master Agreement says: Rollover Distributions Funds can be rolled over from Prepaid529 to Invest529, CollegeWealth, CollegeAmerica or another state’s 529 plan once every rolling 12 months for ...
by The529guy
Sun Jul 09, 2017 11:50 am
Forum: Investing - Help with Personal Investments
Topic: Moving from VA to GA. Do I keep VA 529 or roll over to NY or CA?
Replies: 6
Views: 396

Re: Moving from VA to GA. Do I keep VA 529 or roll over to NY or CA?

I don't believe there is a tax advantage to participation in a Georgia plan. Please visit the Georgia plan's website > Plan > Tax Advantages > State Income Tax Information: Contributions are deductible for Georgia income tax purposes up to $2,000 per year per Beneficiary for those filing a single r...
by The529guy
Sun Jul 09, 2017 11:22 am
Forum: Investing - Help with Personal Investments
Topic: PHD student (bro) needs help with financial planning
Replies: 8
Views: 1578

Re: PHD student (bro) needs help with financial planning

Thank you guys for the help. Some other questions/statements: 1) Can the Sister in Law’s (SIL) transfer her IRA to my bro’s TSP even though the TSP is not a joint account? No, see Earl's post - retirement accounts are individual. a. Is this preferable to transferring the IRA to Vanguard? 2) Can the...
by The529guy
Sat Jul 08, 2017 11:51 am
Forum: Investing - Help with Personal Investments
Topic: Why Doesn't My 401(k) Pay Dividends?
Replies: 33
Views: 3330

Re: Why Doesn't My 401(k) Pay Dividends?

A problem can be finding a really complete description of the investment due to lack of a prospectus and there is no way to track the investment in public quotes from the market. One of my funds within the UIT is Vanguard, and it has a ticker symbol (VIIIX). How is this? That fund is the institutio...
by The529guy
Fri Jul 07, 2017 2:38 pm
Forum: Investing - Help with Personal Investments
Topic: Practical Question - Roth IRA
Replies: 16
Views: 1044

Re: Practical Question - Roth IRA

A married taxpayer filing jointly can make a spousal contribution in the non-working spouse's separate IRA.

Check out the IRA sections of the wiki for more.
by The529guy
Thu Jul 06, 2017 3:29 pm
Forum: Investing - Help with Personal Investments
Topic: Why Doesn't My 401(k) Pay Dividends?
Replies: 33
Views: 3330

Re: Why Doesn't My 401(k) Pay Dividends?

Seconding sschoe2. If you look at your statements, you'll probably see that the funds do throw off dividends but that they're reinvested--your share count has probably risen, which would give you a clue. That's what VIIIX does in my 457b. I checked my statements prior to posting, and found not even...
by The529guy
Mon Jul 03, 2017 12:43 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard 529 College Savings Plan from Nevada
Replies: 7
Views: 605

Re: Vanguard 529 College Savings Plan from Nevada

I previously used NY's plan, but decided to transfer funds over to Vanguard's plan for simplicity... one less login to deal with. Are you on the 529 Nevada plan at Vanguard? Yes, my state does not offer any benefits to 529 plan participants. I can login once to see my "regular" Vanguard accounts as...
by The529guy
Mon Jul 03, 2017 11:41 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard 529 College Savings Plan from Nevada
Replies: 7
Views: 605

Re: Vanguard 529 College Savings Plan from Nevada

I previously used NY's plan, but decided to transfer funds over to Vanguard's plan for simplicity... one less login to deal with.
by The529guy
Sun Jul 02, 2017 9:18 pm
Forum: Personal Finance (Not Investing)
Topic: Need help progressing in life after a massive setback
Replies: 35
Views: 6842

Re: Need help progressing in life after a massive setback

In the US, one's "career" is often only considered to mean the progression through a series of work positions within or across occupations or professions. However, one can also have careers in a hobby, as a family member, through volunteerism, etc. Your career as a worker is tied to only one of seve...
by The529guy
Sun Jul 02, 2017 8:14 pm
Forum: Personal Finance (Not Investing)
Topic: 529 Transfers (Account Owners/Beneficiary)
Replies: 1
Views: 274

Re: 529 Transfers (Account Owners/Beneficiary)

Check out IRS Pub 970, Chapter 8, Rollovers & Other Transfers
by The529guy
Sun Jul 02, 2017 5:52 pm
Forum: Personal Finance (Not Investing)
Topic: Stock options & Backdoor Roth
Replies: 5
Views: 381

Re: Stock options & Backdoor Roth

Hi all. I just accepted a new job at a tech startup. As part of my package I am to receive substantial stock options. The company is still private and the options start to vest after a 1 year cliff. Is it possible for me to move some of these stock options into a tIRA then backdoor them into a Roth...
by The529guy
Sun Jul 02, 2017 12:45 pm
Forum: Investing - Help with Personal Investments
Topic: Should I rollover an existing IRA to my current 401K account?
Replies: 53
Views: 4119

Re: Should I rollover an exiisting IRA to my current 401K account?

I don't mind that my advisor makes 1% You should. Handing over 1% of your account every year is a massive amount of money you would lose over the next 30 years. http://www.bankrate.com/calculators/retirement/mutual-funds-fees-calculator.aspx Using the calculator above: $10,000 returning 7% over 30 ...
by The529guy
Sun Jul 02, 2017 12:38 pm
Forum: Investing - Help with Personal Investments
Topic: Should I rollover an existing IRA to my current 401K account?
Replies: 53
Views: 4119

Re: Should I rollover an exiisting IRA to my current 401K account?

vbn wrote:I don't mind that my advisor makes 1%
You should. Handing over 1% of your account every year is a massive amount of money you would lose over the next 30 years.

http://www.bankrate.com/calculators/ret ... lator.aspx
by The529guy
Sat Jul 01, 2017 5:07 pm
Forum: Investing - Help with Personal Investments
Topic: Thinking about lending money to parents to make money - Good or bad idea?
Replies: 34
Views: 1637

Re: Thinking about lending money to parents to make money - Good or bad idea?

As additional context, OP previously posted that he's a 25 yo professional math tutor and lives with his family.
by The529guy
Sat Jul 01, 2017 4:50 pm
Forum: Investing - Help with Personal Investments
Topic: Thinking about lending money to parents to make money - Good or bad idea?
Replies: 34
Views: 1637

Re: Thinking about lending money to parents to make money - Good or bad idea?

Attempting to profit at the expense of family members is typically viewed very negatively. That is why you are seeing these negative reactions from folks.
by The529guy
Sat Jul 01, 2017 11:10 am
Forum: Investing - Theory, News & General
Topic: 529 Plan Dividends?
Replies: 3
Views: 431

Re: 529 Plan Dividends?

They could have explained it better. The price per share goes up as the fund's earnings accumulate. Not unusual. There are just no discrete "dividends" paid out. They are baked into the price.
by The529guy
Thu Jun 29, 2017 3:10 pm
Forum: Investing - Help with Personal Investments
Topic: 27, Single, 25k Income with 100k Cash - Lost
Replies: 29
Views: 3350

Re: 27, Single, 25k Income with 100k Cash - Lost

I believe if you are planning on doing all of this in this year, you would need 18K + 5.5K + 18K = 41.5K in earned income. The original post only has one 18k contribution (to the solo Roth 401k). I don't know what "manicuring taxes" means, but perhaps that is the employer contribution to the solo 4...
by The529guy
Thu Jun 29, 2017 2:22 pm
Forum: Investing - Help with Personal Investments
Topic: 401k Funds Available for Business
Replies: 5
Views: 437

Re: 401k Funds Available for Business

One strategy to keep things simple is to replicate (as closely as possible) the choices in the federal government's TSP program (tsp.gov) while also keeping fees as low as possible.
by The529guy
Wed Jun 28, 2017 1:55 pm
Forum: Personal Consumer Issues
Topic: How did you handle the costs of your child's wedding?
Replies: 170
Views: 14703

Re: How did you handle the costs of your child's wedding?

Whenever I see sensational news stories about the "average" cost of a wedding in the U.S., I can't help but assume that the key driver is parents' desire to keep up with the Jones by having a "socially acceptable" level of extravagance per their friends and family.
by The529guy
Wed Jun 28, 2017 1:37 pm
Forum: Personal Consumer Issues
Topic: How did you handle the costs of your child's wedding?
Replies: 170
Views: 14703

Re: How did you handle the costs of your child's wedding?

I hear you - your daughter is lucky :) The only thing I have to add is to let your daughter make the calls (within the scope of your budget). A friend's dad demanded certain features at her wedding (i.e., chocolate fountain) that created a lot of tension during the planning process. Somehow I doubt...
by The529guy
Wed Jun 28, 2017 1:26 pm
Forum: Personal Consumer Issues
Topic: How did you handle the costs of your child's wedding?
Replies: 170
Views: 14703

Re: How did you handle the costs of your child's wedding?

Encourage her to become well-educated so she and her spouse won't expect you to pay for it? I suppose I should clarify that it would be our pleasure and privledge to pay. I hear you - your daughter is lucky :) The only thing I have to add is to let your daughter make the calls (within the scope of ...
by The529guy
Wed Jun 28, 2017 1:17 pm
Forum: Personal Consumer Issues
Topic: How did you handle the costs of your child's wedding?
Replies: 170
Views: 14703

Re: How did you handle the costs of your child's wedding?

Encourage her to become well-educated so she and her spouse won't expect you to pay for it? (My wife and I paid for our own wedding.)
by The529guy
Wed Jun 28, 2017 11:25 am
Forum: Investing - Help with Personal Investments
Topic: TIAA Traditional Annuity (GSRA) and Bond Fund
Replies: 12
Views: 1185

Re: TIAA Traditional Annuity (GSRA) and Bond Fund

Hi All, Currently, I have the following in my overall investment across few retirement accounts: 10% Fidelity US Bond Index Premium (FSITX) 10% CREF Stock (variable annuity) I am thinking of moving all of CREF Stock into TIAA Traditional Annuity (GSRA), current interest is around 3.30% and move FSI...
by The529guy
Wed Jun 28, 2017 1:57 am
Forum: Investing - Help with Personal Investments
Topic: TIAA Traditional Annuity (GSRA) and Bond Fund
Replies: 12
Views: 1185

Re: TIAA Traditional Annuity (GSRA) and Bond Fund

The majority of my fixed income is in TIAA Traditional Account GSRA, which is great since it's fully liquid. Your plan makes sense to me.
by The529guy
Tue Jun 27, 2017 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: Any Reason to Stay With USAA?
Replies: 21
Views: 1973

Re: Any Reason to Stay With USAA?

rj49 wrote:I like their 2.5% cashback visa card.
Sadly, not available in all states.
by The529guy
Tue Jun 27, 2017 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: Any Reason to Stay With USAA?
Replies: 21
Views: 1973

Re: Any Reason to Stay With USAA?

I have a 403(b) and a SEP at USAA. I have nothing bad to say about them, but their investment options aren't very appealing. I can consolidate the 403(b) funds with my other 403(b) at TIAA. I can move the SEP to Vanguard. I was not in the military, so I'm not eligible for insurance through them. Is...
by The529guy
Mon Jun 26, 2017 8:12 pm
Forum: Investing - Help with Personal Investments
Topic: ESPP Question [Employee Stock Purchase Plan]
Replies: 6
Views: 799

Re: ESPP Question

My company recently increased the ESPP from 5% to 15% discount and 10% max contribution to 20%. At the lower discount and contribution I didn't bother, but from reading several posts and sites at 15% discount it's a huge no-brainer. However, I have a couple questions... 1) Can these ever be bad? I ...
by The529guy
Mon Jun 26, 2017 5:18 pm
Forum: Personal Finance (Not Investing)
Topic: Where to find a financially like-minded significant other?
Replies: 140
Views: 10118

Re: Where to find a financially like-minded significant other?

Interesting how a forum dedicated to personal finance and investing covers relationship issues, discussion of stand up comedy and foreign accents, and the dating scene. It is part of what makes this forum so interesting. I agree. Fortunately the mods must all be having a good day... :) Maybe the mo...
by The529guy
Mon Jun 26, 2017 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: Where to find a financially like-minded significant other?
Replies: 140
Views: 10118

Re: Where to find a financially like-minded significant other?

Interesting how a forum dedicated to personal finance and investing covers relationship issues, discussion of stand up comedy and foreign accents, and the dating scene. It is part of what makes this forum so interesting. I agree. Fortunately the mods must all be having a good day... :) Maybe the mo...