Search found 35 matches

by Beverage
Fri Aug 03, 2018 9:13 pm
Forum: Local Chapters and Bogleheads Community
Topic: Seattle Area Chapter Meetings - Master Thread
Replies: 106
Views: 22092

Re: Seattle Area Chapter Meetings - Master Thread

It seems we have a lot more opinions about where the meeting should be than we have people who are actually willing to organize the meeting.

If Elsebet will organize and have meetings on the eastside that is better than waiting another 6 months for someone else to volunteer.
by Beverage
Tue Dec 19, 2017 1:38 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement: how to forecast where you’re at?
Replies: 43
Views: 6200

Re: Retirement: how to forecast where you’re at?

I've tried most of the available calculators, and the most effective for me is OnTrajectory: https://www.ontrajectory.com/welcome.html Good luck. charriso1973, can you clarify why you like OnTrajectory? I have played with it for a few minutes but couldn't get very far without signing up for a subsc...
by Beverage
Mon May 08, 2017 1:00 pm
Forum: Local Chapters and Bogleheads Community
Topic: Seattle Area Chapter Meetings - Master Thread
Replies: 106
Views: 22092

Re: Seattle Area Chapter Meetings - Master Thread

Perhaps someone who lives in Seattle should start scheduling Seattle meetings? I would rather add a meeting than reduce the frequency of Eastside meetings. The Eastside meetings are already not that frequent and I am guessing many of the Eastside attendees won't make it to Seattle.
by Beverage
Sat Jan 07, 2017 9:25 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity free Turbotax
Replies: 250
Views: 40803

Re: Fidelity free Turbotax

It is my understanding that Premium Services is $250k while Private Client is $1m in total assets. You will see it on your statement. So far as I can tell from postings here and on other sites, you need $1m in total assets, but it cannot only be in a 401k or IRA. You need to have a regular (taxable...
by Beverage
Sat Jan 07, 2017 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity free Turbotax
Replies: 250
Views: 40803

Re: Fidelity free Turbotax

I should add that I qualify for "Fidelity Premium Services". I don't know/remember if this is the same as Private Client.
by Beverage
Sat Jan 07, 2017 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity free Turbotax
Replies: 250
Views: 40803

Re: Fidelity free Turbotax

My experience is the same as GreenGrowTheDollars. I only meet the asset criteria if you include retirement accounts, and I don't meet any reasonable active trader criteria. On my main Portfolio page there is a box that says "Get TurboTax® Online Premier free". I followed the link there just moments ...
by Beverage
Sat Oct 29, 2016 8:13 pm
Forum: Personal Consumer Issues
Topic: HSBC Bank- Easy (???) $350 bonus
Replies: 51
Views: 11930

Re: HSBC Bank- Easy (???) $350 bonus

It is pretty slow, I think around a week or more.

Overall I have found this to be a painful way to earn $350. I have had to wait on hold multiple times and answer the same questions about how many bank transfers I plan to do, etc.
by Beverage
Mon Sep 05, 2016 11:13 am
Forum: Personal Finance (Not Investing)
Topic: RFC: WA teacher retirement system, maxing out the 3 plans?
Replies: 5
Views: 765

Re: RFC: WA teacher retirement system, maxing out the 3 plans?

We also live in WA state and have been doing this with my wife's paycheck for over 10 years. We also do backdoor Roth. It is amazing, I highly recommend this approach if you can afford to live on your salary alone. The only gotcha I have hit is that when we first started this my wife's take-home pay...
by Beverage
Sat Feb 27, 2016 6:02 pm
Forum: Investing - Help with Personal Investments
Topic: Checking impact of Roth vs. Trad 401k using tax software
Replies: 6
Views: 876

Re: Checking impact of Roth vs. Trad 401k using tax software

Thanks to all of you for the tips. I ended up deciding to switch from Roth to Traditional.
by Beverage
Sat Feb 20, 2016 3:49 pm
Forum: Investing - Help with Personal Investments
Topic: Checking impact of Roth vs. Trad 401k using tax software
Replies: 6
Views: 876

Checking impact of Roth vs. Trad 401k using tax software

I currently contribute the max amount allowed to a Roth 401k, and have been wondering whether I should switch to a Traditional 401k. After reading several of the threads here about Roth vs Traditional 401k it is still not totally clear to me which is best in my situation. That is because we are maxi...
by Beverage
Wed Nov 18, 2015 5:35 am
Forum: Personal Consumer Issues
Topic: Espresso Machine Recs
Replies: 67
Views: 7452

Re: Espresso Machine Recs

Any thoughts on the AeroPress? I know that it technically does not produce espresso but have gathered that some people consider it close enough. I have been thinking about getting one for weekend use. It is hard for me to justify the cost and counter space of a real espresso setup.
by Beverage
Sun Nov 08, 2015 10:02 pm
Forum: Investing - Help with Personal Investments
Topic: IRS tax bill for 2013 Backdoor Roth, please help!
Replies: 6
Views: 972

Re: IRS tax bill for 2013 Backdoor Roth, please help!

Alan, I just received a letter from the IRS saying they have accepted my response and consider the matter closed. Thanks so much for your help! FYI as a datapoint for you, I filled out the 8606 forms for 2012 and sent the corrected forms for 2013, and I described the mistake on form 1040, but I didn...
by Beverage
Fri Sep 18, 2015 10:57 pm
Forum: Investing - Help with Personal Investments
Topic: IRS tax bill for 2013 Backdoor Roth, please help!
Replies: 6
Views: 972

Re: IRS tax bill for 2013 Backdoor Roth, please help!

Oh, I thought you were saying I don't need to file any 1040X forms. So I should file them for both 2012 and 2013 just to be safe? I don't see any place to fill out 1040 line 15a on the 1040X, so basically I would repeat my AGI, itemized deduction amount, etc., and then explain the error in line 15a ...
by Beverage
Fri Sep 18, 2015 10:33 pm
Forum: Investing - Help with Personal Investments
Topic: IRS tax bill for 2013 Backdoor Roth, please help!
Replies: 6
Views: 972

Re: IRS tax bill for 2013 Backdoor Roth, please help!

Oh wait, you are saying that I don't need to file the 1040X. Looking at the 1040X form now it doesn't look like it will be very interesting since the tax owed will not change. Basically I would just be filling out a bunch of boilerplate and then the explanation section.
by Beverage
Fri Sep 18, 2015 10:25 pm
Forum: Investing - Help with Personal Investments
Topic: IRS tax bill for 2013 Backdoor Roth, please help!
Replies: 6
Views: 972

Re: IRS tax bill for 2013 Backdoor Roth, please help!

Thank you Alan for the quick and informative response! No, I did not report the $21,000 on line 15a of form 1040. I remember having difficulty getting my tax software to complete 8606 correctly so I filled that out myself and did not realize there was any ramification to the 1040. Should I respond t...
by Beverage
Fri Sep 18, 2015 9:55 pm
Forum: Investing - Help with Personal Investments
Topic: IRS tax bill for 2013 Backdoor Roth, please help!
Replies: 6
Views: 972

IRS tax bill for 2013 Backdoor Roth, please help!

In 2013 I executed a Backdoor Roth IRA for 2012 and 2013, for both my wife and myself. $5000 each for 2012, and $5500 each for 2013, for a total of $21,000. I just received a bill for over $8k from the IRS counting all of those contributions as taxable retirement income. I submitted a form 8606 for ...
by Beverage
Sat Jul 18, 2015 8:58 pm
Forum: Local Chapters and Bogleheads Community
Topic: Seattle (Eastside) meetup Sunday July 19
Replies: 10
Views: 2921

Re: Seattle (Eastside) meetup Sunday July 19

Rats, I was about to say that I can make it. I will try to make the next one!
by Beverage
Sun Jun 21, 2015 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Anyone met with Fidelity Advisor before?
Replies: 19
Views: 3388

Re: Anyone met with Fidelity Advisor before?

I've spoken to two different advisors with Fidelity Premium Services. The first one seemed more familiar with Boglehead strategies but then left for a presumably better-paying job at Wells Fargo or some other decidedly non-Boglehead broker. My experience with Fidelity's advisors has been pretty good...
by Beverage
Wed Mar 25, 2015 3:33 am
Forum: Local Chapters and Bogleheads Community
Topic: Seattle Chapter?
Replies: 122
Views: 23391

Re: Seattle Chapter?

That works for me. If delconte can find a venue I am sure people would attend.
by Beverage
Tue Nov 18, 2014 12:16 am
Forum: Personal Consumer Issues
Topic: Lenovo vs Surface Pro 3
Replies: 20
Views: 2384

Re: Lenovo vs Surface Pro 3

Pardon my ignorance but what is "SSD". If it's not a full SSD how does it affect the optimum functionality of the system? SSD = Solid State Drive. A SSD is faster, lighter, quieter, and drains the battery slower than a traditional hard drive. The drawbacks are cost (higher) and storage space (less)...
by Beverage
Tue Sep 02, 2014 4:16 am
Forum: Investing - Help with Personal Investments
Topic: Conversion options for Mega Back Door Roth IRA
Replies: 6
Views: 1339

Re: Conversion options for Mega Back Door Roth IRA

Thanks retiredjg and Alan S. for the responses! Alan, can you clarify #1, or perhaps direct me at a wiki entry that will help me understand this? I have not thought much about distributions as I am a good ways from needing to use the funds in my 401k. Presumably when you say I "may not have access" ...
by Beverage
Mon Sep 01, 2014 5:54 pm
Forum: Investing - Help with Personal Investments
Topic: Conversion options for Mega Back Door Roth IRA
Replies: 6
Views: 1339

Re: Conversion options for Mega Back Door Roth IRA

I am told by the Fidelity folks that both of these are options with after-tax 401k funds. I definitely have no interest in doing this with pre-tax funds. I asked multiple times to make sure I heard them correctly, and they said that both of these can be done with the after-tax money (I didn't use th...
by Beverage
Mon Sep 01, 2014 1:38 pm
Forum: Investing - Help with Personal Investments
Topic: Conversion options for Mega Back Door Roth IRA
Replies: 6
Views: 1339

Conversion options for Mega Back Door Roth IRA

This will be my first year doing a Mega Backdoor Roth IRA, and I am trying to decide whether I should move the money into a Roth IRA or Roth 401k. According to my Fidelity advisor (both my IRA and 401k are with Fidelity) I can do one conversion per quarter, the earnings will show up as taxable incom...
by Beverage
Mon Aug 04, 2014 4:43 am
Forum: Local Chapters and Bogleheads Community
Topic: Seattle Chapter?
Replies: 122
Views: 23391

Re: Seattle Chapter?

I vote for Eastside.
by Beverage
Thu Jul 17, 2014 4:54 am
Forum: Local Chapters and Bogleheads Community
Topic: Seattle Chapter?
Replies: 122
Views: 23391

Re: Seattle Chapter Dead....

I would love to attend as well.
by Beverage
Wed Jul 09, 2014 11:30 pm
Forum: Personal Finance (Not Investing)
Topic: San Juan Islands
Replies: 21
Views: 3982

Re: San Juan Islands

Yes, my family goes every year or two. Pre-kids my wife and I would go to bed and breakfasts. Now we rent a house via airbnb or vrbo. Personally I like Orcas Island the best as it is very scenic and still has some restaurants and stores. San Juan Island has more stuff and more of a typical downtown ...
by Beverage
Fri May 02, 2014 9:24 pm
Forum: Investing - Theory, News & General
Topic: Options Trading: shooting down the "iron condor"
Replies: 19
Views: 3661

Re: Options Trading: shooting down the "iron condor"

If you want to learn about options you should read Options As A Strategic Investment. But briefly: - Options trading is a zero-sum game - You can use options to trade off volatility for expected return, e.g. covered calls reduce volatility therefore also reduce expected return - You can use options ...
by Beverage
Wed Mar 26, 2014 9:46 pm
Forum: Investing - Theory, News & General
Topic: Post your IPS [Investment Policy Statement]
Replies: 14
Views: 2717

Re: Post your IPS [Investment Policy Statement]

Writing covered calls is attractive to me in a volatile market. I would only sell out of the money calls that guarantee me a profit on the underlying stock if the option is exercised. It is best if having the option assigned would be a long-term capital gain, but I prefer to avoid having my stocks ...
by Beverage
Sun Jan 26, 2014 1:04 pm
Forum: Personal Consumer Issues
Topic: Seattle as a place to live?
Replies: 74
Views: 10902

Re: Seattle as a place to live?

How's the commute from Bellevue to Columbia City? When we visited there we had lunch at a great Dim Sum Restaurant in Bellevue and looked at some condos…seemed quite nice. The closer you live to I-90 the better the commute is. We live 2 min from I-90 so it's an easy straight shot across the lake. I...
by Beverage
Sat Jan 25, 2014 10:02 pm
Forum: Personal Consumer Issues
Topic: Seattle as a place to live?
Replies: 74
Views: 10902

Re: Seattle as a place to live?

I live across the lake in Bellevue, but my wife works near (maybe in) Columbia City. I would also be concerned about crime -- my wife teaches at an elementary school and at one point discovered a bullethole in one of the classroom windows (nobody was there when the bullet was fired). I would take a ...
by Beverage
Sun Jul 21, 2013 1:31 pm
Forum: Personal Consumer Issues
Topic: Citibank Thank You card rewards gift cards
Replies: 15
Views: 5866

Re: Citibank Thank You card rewards gift cards

I have found that in general the gift cards that you can get "full" price for (usually 10,000 points for $100) can be purchased at a discount on eBay, so in a sense you are not really getting full price, After doing some back-of-the-envelope comparisons I started using my thankyou points on Amazon (...
by Beverage
Sun Jan 27, 2013 3:19 pm
Forum: Personal Consumer Issues
Topic: Buying new home before selling old one?
Replies: 16
Views: 3326

Re: Buying new home before selling old one?

We were in a similar situation and chose the route your real estate agent suggested -- it was my idea, not our agent's. I have no regrets. The main reasons we did this were a) to give us as much time as needed to find the right house; b) to give us flexibility with the purchase (closing dates, etc.)...
by Beverage
Tue Dec 25, 2012 1:54 am
Forum: Investing - Help with Personal Investments
Topic: Fidelity Personal Retirement Account/Variable Annuity
Replies: 10
Views: 1398

Re: Fidelity Personal Retirement Account/Variable Annuity

I started looking into Fidelty's variable annuity offering after my Fidelity "adviser" (person who asked to meet with me after I probably crossed some asset threshold) suggested it. To me it looks worth considering but I am trying to decide whether it is actually beneficial. Basically it is an accou...
by Beverage
Thu Jan 17, 2008 4:00 am
Forum: Investing - Help with Personal Investments
Topic: How most of the Boglehead files their taxes
Replies: 57
Views: 17729

TurboTax online wasted my time

I used TurboTax Online through Vanguard the last few years. Last year I had a problem where TurboTax carried over erroneous information from the previous year. This didn't impact my tax owed in 2005 so I didn't notice, but in 2006 it resulted in a significant underpayment. The online version doesn't...