Search found 148 matches

by DavidRoseMountain
Sat Nov 03, 2018 12:20 pm
Forum: Investing - Help with Personal Investments
Topic: How to handle individual 401k administration
Replies: 13
Views: 852

Re: How to handle individual 401k administration

Discountsolo401k has a salary deferral election form that you fill out by the end of the year for the following year. In this form you determine how much you will be saving for deferral. If you will be doing the megabackdoor roth then there is also an In-Plan Roth Conversion Form that you fill out. ...
by DavidRoseMountain
Wed Sep 26, 2018 7:46 pm
Forum: Investing - Theory, News & General
Topic: Economic reasons for rate increase by the Fed?
Replies: 71
Views: 6162

Re: Economic reasons for rate increase by the Fed?

A healthy amount of inflation is good for the economy because it makes debt worth less, and therefore permits the burden of that debt to become less onerous over time. IF the Federal Reserve raises interest rates too much too quickly then inflation stays low for too long and the debt burden continue...
by DavidRoseMountain
Tue Sep 25, 2018 8:21 pm
Forum: Personal Finance (Not Investing)
Topic: Short Term Insurance vs ACA 2019 edition
Replies: 12
Views: 870

Re: Short Term Insurance vs ACA 2019 edition

You might need 2 health insurance policies simultaneously, an ACA plan, and one of the short term insurance plans for when you are living out of South Dakota.
by DavidRoseMountain
Tue Sep 25, 2018 10:42 am
Forum: Investing - Help with Personal Investments
Topic: Ally Savings vs Vanguard Prime Money Market Fund - Need Advice
Replies: 77
Views: 10399

Re: Ally Savings vs Vanguard Prime Money Market Fund - Need Advice

Do you pay state income tax? If your marginal rate is 5% a new 13-week T-bill at 2.18% has a taxable equivalent yield of 2.30%. By end of next week probably more like 2.25% and 2.37% TEY (assuming 5% state tax rate). If you have a regular non-retirement brokerage account at Schwab, Fidelity, Vangua...
by DavidRoseMountain
Tue Sep 25, 2018 9:58 am
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 924
Views: 100358

Re: [What TV Show Have You Recently Watched?]

I just loved "Anne with an E" on Netflix
I was surprised at how progressive the plot became given that it takes place in the mid 19th century.
by DavidRoseMountain
Tue Sep 25, 2018 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Someone stole my check from the mail, changed the amount, and deposited it
Replies: 61
Views: 7925

Re: Someone stole my check from the mail, changed the amount, and deposited it

Thanks all for the replies. For those suggesting I file a police report - would I do that in the county/area I live in? I ask, because I live between 2 counties in 2 states - and may have mailed it from either one. Based on the previous post it sounds like federal authorities, FBI, Postmaster need ...
by DavidRoseMountain
Tue Sep 25, 2018 9:50 am
Forum: Personal Finance (Not Investing)
Topic: 2019 ACA prices out
Replies: 47
Views: 4880

Re: 2019 ACA prices out

... I've seen absolutely no advertising or information regarding the open enrollment. I got one very curt email from healthcare.gov regarding 2019. That’s by design. Promotion, advertising and facilitation has been cut to the bone. It’s almost as if the government didn’t want you to know about the ...
by DavidRoseMountain
Tue Sep 25, 2018 9:47 am
Forum: Personal Finance (Not Investing)
Topic: Health care question - self employed- Whats your plan? Advice Needed
Replies: 24
Views: 1988

Re: Health care question - self employed- Whats your plan? Advice Needed

Not the OP here, but I have a realted question. For those who are self employed, I understand health insurance costs are deductable against income. How does that impact qualification for potential ACA subsidies? I'm toying with doing some consulting in early retirement. Current cost for an ACA poli...
by DavidRoseMountain
Tue Sep 25, 2018 9:36 am
Forum: Personal Finance (Not Investing)
Topic: Someone stole my check from the mail, changed the amount, and deposited it
Replies: 61
Views: 7925

Re: Someone stole my check from the mail, changed the amount, and deposited it

Thanks all for the replies. For those suggesting I file a police report - would I do that in the county/area I live in? I ask, because I live between 2 counties in 2 states - and may have mailed it from either one. Based on the previous post it sounds like federal authorities, FBI, Postmaster need ...
by DavidRoseMountain
Tue Sep 25, 2018 9:28 am
Forum: Personal Finance (Not Investing)
Topic: Fed up with health insurance situation
Replies: 117
Views: 7483

Re: Fed up with health insurance situation

I think OP's health insurance premium are pretty typical, if not lower cost, than most. We have access to a group plan through my spouse's work. The premiums are not subsidized through the employer. We pay about $1475/month for a $3500/person deductible with around $7000/person out of pocket maximu...
by DavidRoseMountain
Tue Sep 25, 2018 9:19 am
Forum: Personal Finance (Not Investing)
Topic: 2019 ACA prices out
Replies: 47
Views: 4880

Re: 2019 ACA prices out

Is there a link on the healthcare.gov site that shows the available plans/prices for 2019? I can't seem to find it. It will only let me browse 2017 and 2018 plans and prices. They will be Nov 1st when open enrollment begins. I've seen absolutely no advertising or information regarding the open enro...
by DavidRoseMountain
Mon Sep 24, 2018 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Self Directed Solo 401k - any one doing it for investing here?
Replies: 3
Views: 382

Re: Self Directed Solo 401k - any one doing it for investing here?

If you do investing in property within a self directed solo 401k there are many rules regarding fixing up the property that can be easily overlooked. Breaking these rules can create significant problems.
by DavidRoseMountain
Sun Sep 02, 2018 10:41 pm
Forum: Personal Finance (Not Investing)
Topic: Earn 1.5% on your checking account without the usual hoops (at Fidelity)
Replies: 64
Views: 7714

Re: Earn 1.5% on your checking account without the usual hoops (at Fidelity)

I get that you can use the debit card to withdraw cash at the ATM machine.
But can you also use the debit card to deposit cash at the ATM machine with the Fidelity Cash Management account ?
Or with Vanguard's Advantage account ?
by DavidRoseMountain
Sun Sep 02, 2018 11:53 am
Forum: Investing - Help with Personal Investments
Topic: How to implement Mega Backdoor Roth with Solo 401K?
Replies: 24
Views: 2049

Re: How to implement Mega Backdoor Roth with Solo 401K?

Here was my journey into doing exactly what you're talking about: It includes links on here that included discussion with TFB and Spiritrider, both of whom provide key and vital input. https://forum.mrmoneymustache.com/taxes/anyone-execute-a-mega-backdoor-roth-in-solo-401k/ I did not know that you ...
by DavidRoseMountain
Sun Sep 02, 2018 10:14 am
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 1247
Views: 105796

Re: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!

Let's take a look at the differences between the US and International for a moment. United States, Unified market. Negligible internal trade barriers. Right to travel internally is classified as a fundamental right. Common Language Common Tax regime. * Common Securities regulations Inefficiencies i...
by DavidRoseMountain
Sun Sep 02, 2018 8:51 am
Forum: Investing - Theory, News & General
Topic: Can a 403b convert to Mega backdoor Roth?
Replies: 9
Views: 903

Re: Can a 403b convert to Mega backdoor Roth?

A mega backdoor Roth is a way to transfer after tax contributions to a Roth.

But if you're no longer with this employer I don't think you can make after tax contributions to this 403 b anymore.
by DavidRoseMountain
Sun Sep 02, 2018 8:40 am
Forum: Investing - Help with Personal Investments
Topic: Multiple Mega Backdoors?
Replies: 8
Views: 847

Re: Multiple Mega Backdoors?

I agree with your interpretation of the limits. I would even suggest that a 457 would also have an additional separate limit. For high income employees of non profit organizations (aka doctors), this can be valuable. Of course, many plans have their own contribution limits as well (typically 25%) a...
by DavidRoseMountain
Sun Sep 02, 2018 8:24 am
Forum: Investing - Help with Personal Investments
Topic: How to implement Mega Backdoor Roth with Solo 401K?
Replies: 24
Views: 2049

Re: How to implement Mega Backdoor Roth with Solo 401K?

Here was my journey into doing exactly what you're talking about:

It includes links on here that included discussion with TFB and Spiritrider, both of whom provide key and vital input.

https://forum.mrmoneymustache.com/taxes ... solo-401k/
by DavidRoseMountain
Sun Sep 02, 2018 8:07 am
Forum: Investing - Help with Personal Investments
Topic: Ultra Short Term Bond ETF ?
Replies: 32
Views: 2399

Re: Ultra Short Term Bond ETF ?

Vanguard Prime Money Market Fund (VMMXX) current SEC Yield = 2.08% (very safe but not FDIC insured); and Vanguard Ultra Short-term Bond Fund Investor Shares (VUBFX) current SEC Yield = 2.42% (not an ETF, so no bid ask issue) So the year to date return on Vanguard Ultra Short-term Bond Fund has only...
by DavidRoseMountain
Fri Aug 31, 2018 1:27 pm
Forum: Investing - Help with Personal Investments
Topic: Ultra Short Term Bond ETF ?
Replies: 32
Views: 2399

Re: Ultra Short Term Bond ETF ?

I use SHV and ICSH with Interactive Brokers stock yield enchancement program. I've been getting extra 30 basis point Yield for ICSH with SYEP program for last couple months. So total around 2.6% distribution yield. Not bad for for .42 duration instrument . Do you pay a commission to buy ICSH throug...
by DavidRoseMountain
Wed Aug 29, 2018 10:39 pm
Forum: Investing - Help with Personal Investments
Topic: Ultra Short Term Bond ETF ?
Replies: 32
Views: 2399

Re: Ultra Short Term Bond ETF ?

I use SHV and ICSH with Interactive Brokers stock yield enchancement program. I've been getting extra 30 basis point Yield for ICSH with SYEP program for last couple months. So total around 2.6% distribution yield. Not bad for for .42 duration instrument . Do you pay a commission to buy ICSH throug...
by DavidRoseMountain
Tue Aug 21, 2018 8:54 pm
Forum: Personal Finance (Not Investing)
Topic: Looking to provide free personal finance advice
Replies: 11
Views: 1517

Re: Looking to provide free personal finance advice

Is there a local bogleheads chapter with monthly meetings? If so I do believe they need people there to be speakers on various topics of personal finance.
by DavidRoseMountain
Tue Aug 14, 2018 4:10 pm
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 1247
Views: 105796

Re: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!

We really can't predict the future so therefore there's no point in jumping out of international. One way that International can beat the US markets going forward is if Germany gets away from the economic theory of austerity with respect to the budgets of the individual Euro countries, and move towa...
by DavidRoseMountain
Mon Jun 25, 2018 9:41 pm
Forum: Investing - Help with Personal Investments
Topic: Best Online Bank for parking cash?
Replies: 13
Views: 1671

Re: Best Online Bank for parking cash?

Is the 2.0% on the Vanguard money market fund a yield after or before the expense ratio for this fund?
by DavidRoseMountain
Tue Jun 12, 2018 8:58 pm
Forum: Personal Finance (Not Investing)
Topic: Forbes: Millennials Aren't Having Kids Heres Why That's a Problem for Baby Boomer Real Estate and Retirement
Replies: 74
Views: 7612

Re: Forbes: https://www.forbes.com/sites/josephcoughlin/2018/06/11/millennials-arent-having-kids-heres-why-thats-a-probl

When I bought my modest house in near downtown Ann Arbor in Dec. 1994 it was not considered an ideal location because of the urban qualities around me. Consequently, my house was cheaper to buy than a comparably sized home in a more suburban locale. Fast forward to today, my house is next to luxury ...
by DavidRoseMountain
Tue Jun 05, 2018 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 658
Views: 82850

Re: How much money do you want to retire?

It seems like no one is ever really content with what they have - as soon as they reach a huge amount of net worth for retirement, I see people moving the goalpost further out.
by DavidRoseMountain
Tue Jun 05, 2018 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: Mega backdoor Roth & self directed solo 401k
Replies: 30
Views: 2392

Re: Mega backdoor Roth & self directed solo 401k

My odyssey regarding after-tax contributions was on this thread:

viewtopic.php?f=2&t=244071
by DavidRoseMountain
Wed Apr 11, 2018 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: Solo 401k contribution deadline. Can funds be deposited on that date?
Replies: 6
Views: 415

Re: Solo 401k contribution deadline. Can funds be deposited on that date?

I believe "constructive receipt" of the funds occurs on the day you make your online transaction.
by DavidRoseMountain
Sat Apr 07, 2018 9:25 am
Forum: Personal Finance (Not Investing)
Topic: Passthrough deduction affected by solo 401k?
Replies: 40
Views: 3741

Re: Passthrough deduction affected by solo 401k?

But, you can do the same as the Schwab SEP-IRA rollover to Roth using an In-Plan Roth Rollover of all contributions (traditional deferrals, employer, and after-tax*), can't you (if you're using a plan which allows IRR, like E*Trade)? *Hypothetically, since I don't think any prototype plan allows af...
by DavidRoseMountain
Sat Mar 24, 2018 7:37 pm
Forum: Personal Finance (Not Investing)
Topic: Business Use of Car - Personal Property Tax
Replies: 4
Views: 424

Re: Business Use of Car - Personal Property Tax

Ok so I'm wrong. Sales tax can't be deducted on Schedule C if I choose the standard mileage deduction. The only personal property tax allowed to be deducted has to be based on the value of the car and also has to be a yearly assessment.
by DavidRoseMountain
Wed Mar 21, 2018 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: Business Use of Car - Personal Property Tax
Replies: 4
Views: 424

Re: Business Use of Car - Personal Property Tax

When I do go to that IRS publication 463 it states: "If you are self-employed and use your car in your business, you can deduct the business part of state and local personal property taxes on motor vehicles on Schedule C (Form 1040)" It also says, "if you are self-employed and use your car in your b...
by DavidRoseMountain
Wed Mar 21, 2018 11:54 am
Forum: Personal Finance (Not Investing)
Topic: Business Use of Car - Personal Property Tax
Replies: 4
Views: 424

Business Use of Car - Personal Property Tax

If I use the standard mileage deduction for business use of my car, which also has some personal use, am I still allowed to deduct the business use of the personal property tax? I read that the personal property tax could be the sales tax of a newly purchased car. So if I purchased a car in 2017, ca...
by DavidRoseMountain
Mon Mar 12, 2018 10:52 pm
Forum: Personal Finance (Not Investing)
Topic: Fix overcontribution to non-deductible portion Solo401k plan
Replies: 10
Views: 909

Re: Fix overcontribution to non-deductible portion Solo401k plan

Thank you Spirit Rider for doing that math. And thanks Harry for looking at this too. Also, Harry did you do something new to the spreadsheet, because now it works exactly as Spirit Rider's math reveals. It does look like I'm ok and I haven't over-contributed. I know my numbers are correct. My tax r...
by DavidRoseMountain
Mon Mar 12, 2018 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: Fix overcontribution to non-deductible portion Solo401k plan
Replies: 10
Views: 909

Re: Fix overcontribution to non-deductible portion Solo401k plan

I've quadruple checked my business income numbers. I know with 100% certainty about my Schedule C income. I know with 100% certainty what my salary deferral is, and exactly how much I already contributed as after tax voluntary employee contribution I made in November 2017 is. I really appreciate the...
by DavidRoseMountain
Mon Mar 12, 2018 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: Fix overcontribution to non-deductible portion Solo401k plan
Replies: 10
Views: 909

Re: Fix overcontribution to non-deductible portion Solo401k plan

I see IRS websites that relate to this issue. https://www.irs.gov/retirement-plans/fixing-common-plan-mistakes-failure-to-limit-contributions-for-a-participant https://www.irs.gov/retirement-plans/correcting-plan-errors-self-correction-program-scp-general-description https://www.irs.gov/retirement-p...
by DavidRoseMountain
Mon Mar 12, 2018 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: Fix overcontribution to non-deductible portion Solo401k plan
Replies: 10
Views: 909

Re: Fix overcontribution to non-deductible portion Solo401k plan

Thank you spirit rider. I can't really take credit for paying attention to detail vis a vis the correct after tax contribution. The person who alerted me to my dumb mistake goes to "Avi" on thefinancebluff's blog. I'm just feeling ashamed and embarassed. Yes the 1099-R was done and reported for 2017...
by DavidRoseMountain
Mon Mar 12, 2018 11:33 am
Forum: Personal Finance (Not Investing)
Topic: Taxes and Roth/Solo 401(k) Contributions
Replies: 11
Views: 924

Re: Taxes and Roth/Solo 401(k) Contributions

Wondering if anyone has suggestions on how rynlee can find a " specialized CPA or most likely a Third Party Administrator (TPA)" ?
by DavidRoseMountain
Mon Mar 12, 2018 7:30 am
Forum: Personal Finance (Not Investing)
Topic: Fix overcontribution to non-deductible portion Solo401k plan
Replies: 10
Views: 909

Fix overcontribution to non-deductible portion Solo401k plan

I need to fix an over-contribution I made as an employee to the non-deductible account of the Solo401k plan that I have for my Schedule C sole proprietor business. I did this in 2017 for 2017 tax year and I have not yet filed my 2017 return. Here’s the link to the original post I wrote asking what w...
by DavidRoseMountain
Sun Mar 11, 2018 7:40 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes and Roth/Solo 401(k) Contributions
Replies: 11
Views: 924

Re: Taxes and Roth/Solo 401(k) Contributions

Hello Ryan I'm having a sort of related problem. Do you have enough business income ? That might be why the software is saying you made excess contributions. What is your schedule C business income ? Also, there are calculators for what the maximum is that you can put in. ' https://personal.vanguard...
by DavidRoseMountain
Sun Mar 11, 2018 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: AmEx Delta Gold is now Honoring Bonus
Replies: 87
Views: 10393

Re: AmEx Delta Gold is now Honoring Bonus

Made edit changes to my first post to reflect that the bonus was honored after all.
by DavidRoseMountain
Mon Mar 05, 2018 9:45 pm
Forum: Personal Finance (Not Investing)
Topic: AmEx Delta Gold is now Honoring Bonus
Replies: 87
Views: 10393

Re: AmEx Delta Gold Not Honoring Bonus

When I pay my estimated taxes quarterly, nothing gets refunded back to me. If I'm owed money, I don't get a refund. It simply is used to pay the following year's estimated taxes. The idea that estimate taxes can lead to refunds doesn't make sense for the vast majority of quarterly estimated tax paye...
by DavidRoseMountain
Mon Mar 05, 2018 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: AmEx Delta Gold is now Honoring Bonus
Replies: 87
Views: 10393

Re: AmEx Delta Gold Not Honoring Bonus

So if I went to Saks Fifth Avenue and spent $3,000 on clothes that's ok ?
But not paying $3,000 in taxes ?

Doesn't make any sense, and it's not specifically prohibited for meeting bonus requirement in the 14 pages of terms, conditions, that I downloaded upon applying for the card.
by DavidRoseMountain
Mon Mar 05, 2018 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: After tax 401(k) to Roth IRA?
Replies: 17
Views: 1119

Re: After tax 401(k) to Roth IRA?

The $10 earnings is treated as a rollover and is taxed. It doesn't affect your contribution limit at all.
by DavidRoseMountain
Mon Mar 05, 2018 9:46 am
Forum: Personal Finance (Not Investing)
Topic: Different total premium tax credit in Turbo Tax vs Tax Act
Replies: 2
Views: 306

Re: Different total premium tax credit in Turbo Tax vs Tax Act

It's a confusing iterative calculation to determine the premium tax credit if you are self employed and also deducting the health insurance cost.
by DavidRoseMountain
Sun Mar 04, 2018 10:25 pm
Forum: Personal Finance (Not Investing)
Topic: Understanding 2017 ACA Insurance >> Alternative to ACA until age 65 >>Possible Solutions??
Replies: 115
Views: 9773

Re: Understanding 2017 ACA Insurance >> Alternative to ACA until age 65 >>Possible Solutions??

If you have any Schedule C income at all, then you qualify for a traditional IRA, which would lower your AGI to help you qualify for premium health insurance subsidies
by DavidRoseMountain
Sun Mar 04, 2018 10:07 pm
Forum: Personal Finance (Not Investing)
Topic: AmEx Delta Gold is now Honoring Bonus
Replies: 87
Views: 10393

Re: AmEx Delta Gold Not Honoring Bonus

I've filed a complaint with the CFPB.
But I also may send out a tweet and write a letter to the CEO as others on here suggested.
by DavidRoseMountain
Sun Mar 04, 2018 10:05 pm
Forum: Personal Finance (Not Investing)
Topic: AmEx Delta Gold is now Honoring Bonus
Replies: 87
Views: 10393

Re: AmEx Delta Gold Not Honoring Bonus

Without a doubt you are not getting the bonus because you had the card before. The language would be somewhere in the terms and conditions that you could have linked to. That would be a sentence in a few pages of text. As far as I know paying income taxes is allowed spend for any credit card bonuse...