Search found 3635 matches

by Earl Lemongrab
Tue Feb 20, 2018 1:11 pm
Forum: Investing - Help with Personal Investments
Topic: Bonus contribution to 401k
Replies: 9
Views: 540

Re: Bonus contribution to 401k

At Megacorp, you could put any percentage of the bonus into the 401(k). It counted as elective deferral or Roth (depending on what you chose). It did not get matched, so one had to be careful about getting full match. However, the plan allowed after-tax and in fact switched to that when the deferral...
by Earl Lemongrab
Tue Feb 20, 2018 12:45 pm
Forum: Investing - Theory, News & General
Topic: Does Non-deductible IRA make sense
Replies: 6
Views: 396

Re: Does Non-deductible IRA make sense

Another candidate for that sort of account is REIT, if you have an allocation to that.
by Earl Lemongrab
Tue Feb 20, 2018 12:35 pm
Forum: Investing - Theory, News & General
Topic: Understanding an ETF by it's Name
Replies: 22
Views: 580

Re: Understanding an ETF by it's Name

<grumble> "its name" </grumble>
by Earl Lemongrab
Tue Feb 20, 2018 11:44 am
Forum: Personal Consumer Issues
Topic: Email from IRS this morning- is my information compromised?
Replies: 21
Views: 2134

Re: Email from IRS this morning- is my information compromised?

FrankLUSMC wrote:
Tue Feb 20, 2018 7:44 am
Don't click a link to log on. Go to Irs.gov directly to log on. It probably is fishing. They can spoof a link to look like a good address.
If you hover over the link, you should see the real target.
by Earl Lemongrab
Mon Feb 19, 2018 7:46 pm
Forum: Investing - Help with Personal Investments
Topic: Mega Backdoor Roth IRA & Backdoor Roth IRA
Replies: 3
Views: 447

Re: Mega Backdoor Roth IRA & Backdoor Roth IRA

Each year I've done mega backdoor after-tax rollovers from my employer plan to my Vanguard Roth IRA (I do about 15 per year), they have miscategorized one of the 15 as a contribution instead of a rollover. Last year I was able to handle this solely through their email system (they raised a ticket u...
by Earl Lemongrab
Mon Feb 19, 2018 1:35 pm
Forum: Investing - Help with Personal Investments
Topic: Scottrade migration to TDAM
Replies: 10
Views: 704

Re: Scottrade migration to TDAM

I did send them an email and found out the following: TDAM no longer sells Vanguard funds. (I knew that previously.) My Vanguard ETFs and all other funds and ETFs that TDAM doesn't have will be migrated over. I can't add to the positions but I can keep them. There hasn't been any change to what TDA...
by Earl Lemongrab
Mon Feb 19, 2018 1:31 pm
Forum: Investing - Help with Personal Investments
Topic: 401K rollover [after job loss]
Replies: 6
Views: 405

Re: 401K rollover [after job loss]

I always look for bonuses when I make a substantial move with money. If you'd ok with ETFs, Merrill Edge would give you a bonus and a bunch of free trades for an account of that size.
by Earl Lemongrab
Mon Feb 19, 2018 1:22 pm
Forum: Investing - Help with Personal Investments
Topic: Mega Backdoor Roth IRA & Backdoor Roth IRA
Replies: 3
Views: 447

Re: Mega Backdoor Roth IRA & Backdoor Roth IRA

You need to find out what's going on. It almost sounds like the custodian applied the rollover to regular contributions. If so, then you need to fix that. I'm not sure how that could have happened with a direct rollover though. Get on the horn to Vanguard and get an explanation.
by Earl Lemongrab
Mon Feb 19, 2018 11:57 am
Forum: Personal Finance (Not Investing)
Topic: Do I need to recharacterize?
Replies: 5
Views: 287

Re: Do I need to recharacterize?

If you rolled the 401(k) directly into the Roth IRA, it wouldn't show up on 8606 at all. That was not a conversion. It would go directly to 1040 with the ROLLOVER annotation.
by Earl Lemongrab
Mon Feb 19, 2018 11:54 am
Forum: Personal Consumer Issues
Topic: Best plants to grow to save money for food costs
Replies: 93
Views: 4804

Re: Best plants to grow to save money for food costs

My experience is that raising your own food will cost you 2-3 times what you can buy it for in the local grocery store. It is not possible to beat the economies of scale of commercial agriculture. Of course the quality of home grown food is vastly superior, so it is not apples to apples. There are ...
by Earl Lemongrab
Mon Feb 19, 2018 11:39 am
Forum: Personal Finance (Not Investing)
Topic: tax rollover ?
Replies: 2
Views: 182

Re: tax rollover ?

Are you saying that after the rollover, the custodian of the rollover IRA (Vanguard) distributed the after-tax amount to you? That's not possible. Other than the exception for rollovers of IRAs into company plans, any distribution from a TIRA must be pro-rated with the pretax and after-tax amounts. ...
by Earl Lemongrab
Mon Feb 19, 2018 11:25 am
Forum: Personal Finance (Not Investing)
Topic: Working for a MegaCorp vs a Small Business
Replies: 19
Views: 1267

Re: Working for a MegaCorp vs a Small Business

Anyway, I’d like to hear why folks don’t like working for MegaCorps. Why isn’t having a window office of the 50th floor of a S&P 500 company the way to go? I worked at a Megacorp for 36+ years. Actually at a large company that merged with another to form a really large one. Anyway, the chances of h...
by Earl Lemongrab
Sun Feb 18, 2018 1:31 pm
Forum: Investing - Help with Personal Investments
Topic: Convert to ETF (not at Vanguard)
Replies: 19
Views: 1379

Re: Convert to ETF (not at Vanguard)

This thread isn't about bonuses, but as far as your free lunch, someone else paid for it. Why would I care who paid, as long as it isn't me? Anyway, getting back to converting mutual funds to ETF, is bouncing around for best deals a common reason why folks actually do this? And do folks really do t...
by Earl Lemongrab
Sun Feb 18, 2018 1:27 pm
Forum: Personal Consumer Issues
Topic: Best plants to grow to save money for food costs
Replies: 93
Views: 4804

Re: Best plants to grow to save money for food costs

Well that's annoying, just finished typing up a whole long post about how cost effective growing certain vegetables and herbs are, but when I hit submit my login had timed out and system wanted me to log-in again. Once I did that, post was gone! Ughh! Is there a way to keep site from logging out af...
by Earl Lemongrab
Sun Feb 18, 2018 10:42 am
Forum: Investing - Help with Personal Investments
Topic: Convert to ETF (not at Vanguard)
Replies: 19
Views: 1379

Re: Convert to ETF (not at Vanguard)

Why would I use a brokerage that doesn't pay transfer bonuses? Simplicity. Adequacy. Laziness. No free lunch. If the lunch isn't free, then why I haven't received the bill? Do you actually have any experience with these brokerages, or just platitudes? Sure, you can game the credit card reward bonus...
by Earl Lemongrab
Sat Feb 17, 2018 10:41 am
Forum: Investing - Help with Personal Investments
Topic: How to negotiate free trades with TDAmeritrade (?)
Replies: 17
Views: 686

Re: How to negotiate free trades with TDAmeritrade (?)

Why stay with TDA if you're unhappy? Pack it up, move to Merrill Edge for a bonus, enjoy free trades. That assumes you have at least 50k.
by Earl Lemongrab
Sat Feb 17, 2018 10:31 am
Forum: Investing - Help with Personal Investments
Topic: Need Help - Triggered Pro-Rata Rule on Roth IRA Conversion But Haven't Filed Yet
Replies: 5
Views: 353

Re: Need Help - Triggered Pro-Rata Rule on Roth IRA Conversion But Haven't Filed Yet

When or for what year the contribution was is irrelevant to recharacterization of a conversion. Only the year in which the conversion was done matters. As that was 2017, you have until tax deadline with extensions for recharacterization (last chance as it goes away in the new tax law). Does your 401...
by Earl Lemongrab
Sat Feb 17, 2018 10:21 am
Forum: Investing - Help with Personal Investments
Topic: Roll deductible tira contributions to 401k and Roth converting the non-deductible portion
Replies: 2
Views: 153

Re: Roll deductible tira contributions to 401k and Roth converting the non-deductible portion

First check the rules of your plan. Some allow any pretax IRA amounts. Others restrict rollovers to "pure" rollover accounts.
by Earl Lemongrab
Sat Feb 17, 2018 10:06 am
Forum: Investing - Theory, News & General
Topic: Quick Question: Too high of salary for a traditional IRA?
Replies: 9
Views: 881

Re: Quick Question: Too high of salary for a traditional IRA?

You've been asked a couple of times as to whether you have any workplace plans. Do you? This affects the result.
by Earl Lemongrab
Sat Feb 17, 2018 9:53 am
Forum: Personal Consumer Issues
Topic: Best plants to grow to save money for food costs
Replies: 93
Views: 4804

Re: Best plants to grow to save money for food costs

Two years ago when I bought tomato plants they only had six-packs. My well-amended front garden with the fence and netting really only holds four plants. The other two I just stuck in the backyard at the sunniest places I could find. They grew much smaller than their favored siblings, produced few f...
by Earl Lemongrab
Sat Feb 17, 2018 9:47 am
Forum: Personal Finance (Not Investing)
Topic: HR Block vs Turbo Tax to compare to accountant?
Replies: 7
Views: 413

Re: HR Block vs Turbo Tax to compare to accountant?

I use Block desktop, but I don't have rental properties. It's significantly cheaper than TT most of the time.
by Earl Lemongrab
Sat Feb 17, 2018 9:16 am
Forum: Personal Consumer Issues
Topic: Best plants to grow to save money for food costs
Replies: 93
Views: 4804

Re: Best plants to grow to save money for food costs

If you use fresh herbs, then that's a great bang for the buck. They grow easily from seed, and the product in the stores is expensive for many varieties. However, dried herbs aren't very expensive, so if that's what you're using it won't save much. Snow peas and snap peas are another thing that are ...
by Earl Lemongrab
Sat Feb 17, 2018 9:02 am
Forum: Investing - Help with Personal Investments
Topic: Convert to ETF (not at Vanguard)
Replies: 19
Views: 1379

Re: Convert to ETF (not at Vanguard)

I'm not sure I made that suggestion, but I do use Vanguard, and you gave a pretty good answer to why one should consider moving to Vanguard. OP, is there a reason you're trying to get away from Vanguard or you're stuck at another brokerage? Why would I use a brokerage that doesn't pay transfer bonu...
by Earl Lemongrab
Sat Feb 17, 2018 12:51 am
Forum: Investing - Help with Personal Investments
Topic: Moving my simple IRA. Investment options for my children?
Replies: 10
Views: 417

Re: Moving my simple IRA. Investment options for my children?

PR8 wrote:
Fri Feb 16, 2018 8:46 pm
Earl Lemongrab wrote:
Fri Feb 16, 2018 4:32 pm
How much is in the account?
40K
Well, you get could get $150 bonus at Merrill Edge, but that level won't get you the free trades. If you have another account you could also move that would get you over 50k then you'd qualify.

https://www.merrilledge.com/preferred-rewards
by Earl Lemongrab
Sat Feb 17, 2018 12:41 am
Forum: Investing - Help with Personal Investments
Topic: Convert to ETF (not at Vanguard)
Replies: 19
Views: 1379

Re: Convert to ETF (not at Vanguard)

Why bother doing it? I have funds at Vanguard and haven't had a reason. I guess you've missed all the various threads about other brokerages. Lots of people want to use some other custodian besides Vanguard. If you do, then holding ETFs makes a lot of sense. Sorry, I still don't get it. I assumed t...
by Earl Lemongrab
Fri Feb 16, 2018 4:39 pm
Forum: Investing - Help with Personal Investments
Topic: Are we TOO diversified? Time to hire a professional? Who has?
Replies: 14
Views: 1829

Re: Are we TOO diversified? Time to hire a professional? Who has?

It's unlikely you have too much diversification. You might well have too much complexity. As others have said, tell us what you have.

Most of the time, a "professional" wouldn't help at all. It's not difficult to set up and manage yourself a good portfolio.
by Earl Lemongrab
Fri Feb 16, 2018 4:32 pm
Forum: Investing - Help with Personal Investments
Topic: Moving my simple IRA. Investment options for my children?
Replies: 10
Views: 417

Re: Moving my simple IRA. Investment options for my children?

How much is in the account? I'm always looking for bonuses to move my money. I personally don't think you need an adviser at all. Just set up a reasonable portfolio and DIY.
by Earl Lemongrab
Fri Feb 16, 2018 4:00 pm
Forum: Investing - Help with Personal Investments
Topic: When is the best time to contribute to an IRA?
Replies: 7
Views: 975

Re: When is the best time to contribute to an IRA?

Yes, money in taxable is growing, but not in a tax-advantaged situation. If you have to sell that to fund the IRA at a later point, then it might generate short-term capital gains. If you don't know which will be better, choose the most probable. Then later if you decide that the other was more appr...
by Earl Lemongrab
Fri Feb 16, 2018 3:56 pm
Forum: Investing - Help with Personal Investments
Topic: Convert to ETF (not at Vanguard)
Replies: 19
Views: 1379

Re: Convert to ETF (not at Vanguard)

inbox788 wrote:
Thu Feb 15, 2018 7:44 pm
Why bother doing it? I have funds at Vanguard and haven't had a reason.
I guess you've missed all the various threads about other brokerages. Lots of people want to use some other custodian besides Vanguard. If you do, then holding ETFs makes a lot of sense.
by Earl Lemongrab
Fri Feb 16, 2018 3:07 pm
Forum: Investing - Help with Personal Investments
Topic: Tax loss harvesting MUB
Replies: 11
Views: 916

Re: Tax loss harvesting MUB

Not that I've ever seen. That's the safe play for the IRS. Considering how low a profit opportunity it is for them, I don't think there's much chance of anything else. Even if a loss is disallowed due to wash sale you can still add it to your cost basis which just postpones you being able to take i...
by Earl Lemongrab
Fri Feb 16, 2018 2:11 pm
Forum: Investing - Help with Personal Investments
Topic: Torn between Vanguard, Fidelity and Schwab
Replies: 127
Views: 8792

Re: Torn between Vanguard, Fidelity and Schwab

I can not believe the 'stuff'' I have read on this topic. I am an ex-Fidelity, ex-Schwab user and I have been at Vanguard for the last 20+ years. Each has its attributes but V is all-around most client friendly. That's highly questionable. Vanguard doesn't even have reps available on weekends and n...
by Earl Lemongrab
Fri Feb 16, 2018 1:58 pm
Forum: Investing - Help with Personal Investments
Topic: Tax loss harvesting MUB
Replies: 11
Views: 916

Re: Tax loss harvesting MUB

VTEB and MUB tracks the same index: S&P National AMT-Free Municipal Bond Index. You might be subject to "substantially identical" rule if you cross-over into this gray area. There's never been a reported case that anyone has found of the IRS declaring a wash in a case like this. Has there been a re...
by Earl Lemongrab
Thu Feb 15, 2018 7:17 pm
Forum: Personal Consumer Issues
Topic: How do docs treat "white coat hypertension"?
Replies: 35
Views: 2050

Re: How do docs treat "white coat hypertension"?

When I got my home unit, the doctor had me bring it for a comparison. She took it, then we did one with the device. They were close.
by Earl Lemongrab
Thu Feb 15, 2018 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: Need help with Schedule D
Replies: 14
Views: 683

Re: Need help with Schedule D

Most tax programs allow you to do multiple returns.
by Earl Lemongrab
Thu Feb 15, 2018 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Legal Docs
Replies: 16
Views: 1290

Re: Legal Docs

I am also a retired attorney and worked in the trusts and estates area and I have still paid attorneys on two occasions to prepare and update my estate planning documents. It's not something you want done incorrectly. There are no do overs. Gill This is key - by the time it is determined something ...
by Earl Lemongrab
Wed Feb 14, 2018 9:07 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 5576
Views: 1262224

Re: U.S. stocks in freefall

Apparently my bold move in VOO (five whole shares) has arrested the slide. Who knows if I will get a chance to brazenly TLH that for IVV? Just keep buying more. Eventually you'll have a chance. Edited to add: If you don't, bully for us. I really don't want any more large blend. Maybe VIOV tomorrow.
by Earl Lemongrab
Wed Feb 14, 2018 6:53 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 5576
Views: 1262224

Re: U.S. stocks in freefall

Apparently my bold move in VOO (five whole shares) has arrested the slide. Who knows if I will get a chance to brazenly TLH that for IVV?
by Earl Lemongrab
Wed Feb 14, 2018 3:58 pm
Forum: Investing - Help with Personal Investments
Topic: Looking for a $0 Fee Brokerage for IRA
Replies: 5
Views: 755

Re: Looking for a $0 Fee Brokerage for IRA

I think people worry too much about transfer fees. Unless you're going to Vanguard you'll probably be able to get the receiving custodian to pay that. I have no idea what a "reorganization fee" is, but no discount brokerage I have used has any ongoing fees.
by Earl Lemongrab
Wed Feb 14, 2018 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: Ramifications of naming your trust as your 401k beneficiary
Replies: 7
Views: 938

Re: Ramifications of naming your trust as your 401k beneficiary

Are you sure that the trust will have to pay taxes on the RMD versus being spun out to the beneficiaries with K-1 forms?
by Earl Lemongrab
Wed Feb 14, 2018 11:37 am
Forum: Investing - Help with Personal Investments
Topic: Anyone Using ALLY Investment Account?
Replies: 10
Views: 1755

Re: Anyone Using ALLY Investment Account?

I fell for the $200 bonus promise too. I opened an Ally Invest account, figuring to use it for cash-type investments, and set about making the three required trades. The fees are insane - the $4.95 or the $1 for bond trades listed on the info page appear to be fictional. When I put in actual trades...
by Earl Lemongrab
Wed Feb 14, 2018 1:40 am
Forum: Investing - Help with Personal Investments
Topic: Why not just do CDs and skip bonds?
Replies: 37
Views: 6934

Re: Why not just do CDs and skip bonds?

Some 401(k) plans have a "brokerage link" where you can invest in brokered CDs among other things. Also, many 401(k) plans have stable value funds (which may or may not have a competitive interest rate). Brokered CDs are essentially bonds. They have similar change in value due shifting interest rat...
by Earl Lemongrab
Tue Feb 13, 2018 4:50 pm
Forum: Investing - Help with Personal Investments
Topic: Brokerage recommendation
Replies: 11
Views: 543

Re: Brokerage recommendation

Customer service complaints are terrible about Fidelity. Not usually around here. Fidelity is pretty well-regarded. Right now they aren't offering any bonuses I can use, so I wouldn't consider them, but that might not matter to you. I like Merrill Edge, because they have bonuses and lots of good fe...
by Earl Lemongrab
Tue Feb 13, 2018 4:44 pm
Forum: Investing - Help with Personal Investments
Topic: I'm Lost Please Help Me :(
Replies: 20
Views: 2185

Re: I'm Lost Please Help Me :(

In opposition to many here, I think you should NOT accelerate that loan. You have a good rate and term in a time when interest rates have been rising. Sinking money into the loan hurts your liquidity at point when you don't have a lot of resources. You can always decide to pay it off later, you can'...
by Earl Lemongrab
Tue Feb 13, 2018 4:29 pm
Forum: Investing - Help with Personal Investments
Topic: Tax loss harvesting MUB
Replies: 11
Views: 916

Re: Tax loss harvesting MUB

Tyler Aspect wrote:
Tue Feb 13, 2018 2:59 pm
VTEB and MUB tracks the same index: S&P National AMT-Free Municipal Bond Index. You might be subject to "substantially identical" rule if you cross-over into this gray area.
There's never been a reported case that anyone has found of the IRS declaring a wash in a case like this.
by Earl Lemongrab
Tue Feb 13, 2018 4:21 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA and contribution deadline question
Replies: 8
Views: 503

Re: Roth IRA and contribution deadline question

DSInvestor wrote:
Tue Feb 13, 2018 1:31 pm
While Roth IRA contributions are not visible on your tax return, tax software may track your contributions to track Roth IRA contribution and/or conversion basis.
The software also cross-checks to make sure you're making eligible contributions.
by Earl Lemongrab
Tue Feb 13, 2018 4:11 pm
Forum: Investing - Help with Personal Investments
Topic: Why not just do CDs and skip bonds?
Replies: 37
Views: 6934

Re: Why not just do CDs and skip bonds?

CDs are generally not available in 401(k)s. For a lot of us, that's where fixed-income is kept. We don't want them taxable or to use up valuable Roth space to hold them.
by Earl Lemongrab
Tue Feb 13, 2018 3:57 pm
Forum: Investing - Help with Personal Investments
Topic: Withdraw from Roth IRA to contribute to TIRA now? (potential income limit tax issues)
Replies: 2
Views: 280

Re: Withdraw from Roth IRA to contribute to TIRA now? (potential income limit tax issues)

Do you still want to contribute to the Roth? If so, recharacterize the Roth contribution to traditional, then contribute to the traditional Ira and do a backdoor Roth. You need to wait 30 days before doing the backdoor Roth. There's no waiting period for conversion following a recharacterization of...
by Earl Lemongrab
Tue Feb 13, 2018 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: Avoiding Brokerage Transfer Fee [Merrill Edge]
Replies: 10
Views: 1121

Re: Avoiding Brokerage Transfer Fee [Merrill Edge]

My old Edge brokerage account has $.01 in it.
by Earl Lemongrab
Tue Feb 13, 2018 1:26 pm
Forum: Forum Issues and Administration
Topic: Doesn't seem like people respond to portfolio assessments like they did a few years ago.
Replies: 103
Views: 8306

Re: Doesn't seem like people respond to portfolio assessments like they did a few years ago.

Sandtrap wrote:
Tue Feb 13, 2018 1:05 pm
I suspect it is because of the volume of posts. The main forum page scrolls faster nowadays.
I think there's a lot of truth in that. There are just so many posts these days. You skip a few days, Personal Investments can have hundreds of updated threads.