Search found 577 matches

by terran
Tue Jan 09, 2018 12:33 am
Forum: Personal Finance (Not Investing)
Topic: Trying to understand Roth five-year rule
Replies: 25
Views: 3169

Re: Trying to understand Roth five-year rule

I have a similar question, that I think Alan S. has probably already answered above, but I'm having a hard time parsing it all out. Suppose I make an in plan Roth conversion of the after-tax source of a 403(b). I subsequently roll that Roth 403(b) over into a Roth IRA. During this time I have also c...
by terran
Fri Dec 29, 2017 11:22 am
Forum: Personal Finance (Not Investing)
Topic: Roth income limits - changes in new tax law?
Replies: 4
Views: 830

Re: Roth income limits - changes in new tax law?

I don't believe the new tax law made any changes, but the IRA income limits are indexed to inflation. Looks like for 2018 the allowed Roth contribution starts to phase out for married filing jointly Modified AGI over $189k and no contribution is allowed at MAGI over $199k. See https://www.irs.gov/re...
by terran
Sun Dec 24, 2017 3:42 pm
Forum: Investing - Help with Personal Investments
Topic: How much to front load DAF this year?
Replies: 11
Views: 1173

Re: How much to front load DAF this year?

If you will itemize only in years you make a contribution to your DAF, then to get the most value out of overcoming the standard deduction it seems like maybe contributing just enough to drop below your current tax bracket might make sense? Any less and you'll have future years where you have to con...
by terran
Sun Dec 24, 2017 9:48 am
Forum: Investing - Help with Personal Investments
Topic: Mega Backdoor Roth
Replies: 7
Views: 920

Re: Mega Backdoor Roth

Generally, using taxable money for living expenses while making out any available tax advantaged accounts (including mega backdoor roth) makes a lot of sense. Since you're the business owner the additional questions you'll want to consider (and talk to your plan administrator about) are what the cos...
by terran
Fri Dec 15, 2017 10:30 pm
Forum: Investing - Help with Personal Investments
Topic: Use HSA money now for high medical expenses?
Replies: 8
Views: 1045

Re: Use HSA money now for high medical expenses?

In response to terran: I'm not understanding your first paragraph about reimbursing myself from the HSA and using that money to fund my retirement account. What I think you are saying is just to use the HSA money for the expenses now and the money I would save by using HSA funds instead of out of m...
by terran
Fri Dec 15, 2017 5:36 pm
Forum: Personal Finance (Not Investing)
Topic: How can independent contractors legally move their salary to the following year?
Replies: 10
Views: 1086

Re: How can independent contractors legally move their salary to the following year?

What you're looking for is constructive receipt: https://www.law.cornell.edu/cfr/text/26/1.451-2 The simplest thing would be to not have the payment in your possession, and not have the option of getting it. If you have a check, but choose not to cash it you have constructively received it. If your ...
by terran
Thu Dec 14, 2017 1:58 am
Forum: Investing - Help with Personal Investments
Topic: Best HSA for buy-&-hold?
Replies: 15
Views: 1470

Re: Best HSA for buy-&-hold?

asif408 wrote:
Wed Dec 13, 2017 11:21 pm
I was with HSA Bank but transferred to Lively recently.
Did HSA Bank charge you a fee to transfer and close the account?
by terran
Wed Dec 13, 2017 3:12 pm
Forum: Investing - Help with Personal Investments
Topic: Best HSA for buy-&-hold?
Replies: 15
Views: 1470

Re: Best HSA for buy-&-hold?

One thing to note is if this is for employer sponsored health insurance and they offer payroll deducted HSA contributions you may wish to go that route using whatever custodian they support as payroll deducted HSA contributions often avoid FICA which direct HSA contributions do not. You can always r...
by terran
Mon Dec 11, 2017 5:41 pm
Forum: Investing - Help with Personal Investments
Topic: Use HSA money now for high medical expenses?
Replies: 8
Views: 1045

Re: Use HSA money now for high medical expenses?

I think you're saying if you leave the money in your HSA you won't be able to afford to max your retirement accounts? If that's the case I would reimburse yourself from the HSA and use that money to fund your retirement accounts. Both types of account can grow tax free, but this way you get the tax ...
by terran
Fri Dec 01, 2017 10:24 am
Forum: Personal Consumer Issues
Topic: Price of haircut?
Replies: 194
Views: 10846

Re: Price of haircut?

Since there are so many DIY'ers, in case anyone else is interested, here's what we use: Clippers (bought February 2015, still going strong): https://www.amazon.com/gp/product/B000JNQSIQ/ Scissors (they make a big difference compared to regular scissors because they swing more freely): https://www.am...
by terran
Thu Nov 30, 2017 10:21 pm
Forum: Personal Consumer Issues
Topic: Price of haircut?
Replies: 194
Views: 10846

Re: Price of haircut?

Will do good wrote:
Thu Nov 30, 2017 10:08 pm
Wife does the cutting. Free!
+1

Mine is getting pretty good at it too!
by terran
Thu Nov 30, 2017 5:35 pm
Forum: Investing - Help with Personal Investments
Topic: 401k Contribution 2018
Replies: 28
Views: 1724

Re: 401k Contribution 2018

It's inferior? I guess I stand corrected. PS - I am rolling my eyes as I type this. I'm not sure what you are rolling your eyes at - the math is fairly straight forward. Really? Say I had $52,000 from a windfall and I wanted to invest it. Say I could either put it all in now or add $1,000 / week. I...
by terran
Tue Nov 28, 2017 3:54 pm
Forum: Personal Finance (Not Investing)
Topic: Two HSA questions
Replies: 14
Views: 1260

Re: Two HSA questions

I'm pretty sure HSA contributions do not count towards AGI.

You need to be covered by an HSA qualified HDHP to contribute to an HSA, so no, you can't contribute anything for 2017 unless you were covered during 2017.
by terran
Tue Nov 28, 2017 2:10 pm
Forum: Local Chapters and Bogleheads Community
Topic: New Northwest Arkansas Bogleheads Local Chapter Established
Replies: 16
Views: 1849

Re: New Northwest Arkansas Bogleheads Local Chapter Established

Bump.

I've sent private messages to those of you who expressed interest, but have not yet responded to the survey. I hope to get to meet all of you in person once we get these running.

Anyone else interested? Please respond by email or private message to the survey above
by terran
Sun Nov 26, 2017 10:22 am
Forum: Investing - Help with Personal Investments
Topic: 403(b) - pushing annuity?
Replies: 14
Views: 1361

Re: 403(b) - pushing annuity?

If at some point you fill up the 457 and want to continue to invest in the 403b, look into Voya. I've seen them offer good Vanguard funds.
by terran
Thu Nov 23, 2017 10:39 am
Forum: Personal Finance (Not Investing)
Topic: Passing the second SSA Bend Point - Reversible?
Replies: 13
Views: 1578

Re: Passing the second SSA Bend Point - Reversible?

This means that your total earnings are all that really matters. So if you have enough total earnings to pass the 2nd bend point, then you've passed in forever even if you have a bunch of $0 income years counted in your highest 35 earning years. Based on the bend points posted here once you have pa...
by terran
Thu Nov 23, 2017 9:58 am
Forum: Personal Finance (Not Investing)
Topic: Passing the second SSA Bend Point - Reversible?
Replies: 13
Views: 1578

Re: Passing the second SSA Bend Point - Reversible?

This is how your Average Indexed Monthly Earnings (AIME) is calculated Up to 35 years of earnings are needed to compute average indexed monthly earnings. After we determine the number of years, we choose those years with the highest indexed earnings, sum such indexed earnings, and divide the total a...
by terran
Wed Nov 22, 2017 8:52 am
Forum: Investing - Help with Personal Investments
Topic: Interesting ride so far - Crypto-curriencies
Replies: 112
Views: 8476

Re: Interesting ride so far - Crypto-curriencies

I'm pretty sure
Malinois000 wrote:
Wed Nov 22, 2017 8:33 am
... I have never been more engaged in my investments in my life...
would not be considered a benefit by most on this forum.
by terran
Tue Nov 21, 2017 2:53 pm
Forum: Local Chapters and Bogleheads Community
Topic: New Northwest Arkansas Bogleheads Local Chapter Established
Replies: 16
Views: 1849

Re: New Northwest Arkansas Bogleheads Local Chapter Established

Thanks Mel! Congrats, we did it! Welcome to the Northwest Arkansas Bogleheads group! Pacanutin has also volunteered to help organize. If anyone else would like to be involved as more than an attendee, just let us know. In order to help us organize the inaugural events we have a quick survey we'd lik...
by terran
Sun Nov 19, 2017 1:32 pm
Forum: Personal Consumer Issues
Topic: Transcription services
Replies: 5
Views: 361

Re: Transcription services

Using "dragon" software to transcribe and then having a human correct the mistakes may be the most cost effective method. Thanks, if she weren't being reimbursed we would probably go this route. We tried some software based solutions when she did her dissertation, but they were pretty bad, so we ju...
by terran
Sun Nov 19, 2017 10:14 am
Forum: Personal Consumer Issues
Topic: Transcription services
Replies: 5
Views: 361

Transcription services

My wife is doing phone/skype interviews which she has recorded and needs to have transcribed as part of the research for a book she's writing. Her work will pay for the service, but it's out of a set budget she has available for this kind of thing, so she'd like to economize. Does anyone have any re...
by terran
Wed Nov 15, 2017 8:51 am
Forum: Personal Finance (Not Investing)
Topic: How much to charge for nanny services on New Year's Eve?
Replies: 29
Views: 2231

Re: How much to charge for nanny services on New Year's Eve?

Seems like "time and a half" overtime rates, so $26.25 would be appropriate for unusual/high demand/holiday duties.
by terran
Sun Nov 12, 2017 5:06 pm
Forum: Personal Finance (Not Investing)
Topic: Schwab/Fidelity vs BoA Gold: Checking
Replies: 41
Views: 3378

Re: Schwab/Fidelity vs BoA Gold: Checking

Schwab/Fidelity are better for international use though. Thanks for commenting. Can you say more on how they are better? The same reasons you and others have already outlined. Ally reimburses up to $10 per month of domestic ATM fees, but it doesn't reimburse international ATM fees. It may or may no...
by terran
Sun Nov 12, 2017 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: Schwab/Fidelity vs BoA Gold: Checking
Replies: 41
Views: 3378

Re: Schwab/Fidelity vs BoA Gold: Checking

Capital One 360 Checking. It has similar benefits as Schwab/Fidelity, except it doesn't reimburse other institution's ATM surcharge. Does Capital One have any benefit (within US) over Schwab/Fidelity that would offset this? I know it has one benefit outside the US. Capital One is Mastercard, which ...
by terran
Sat Nov 11, 2017 1:00 pm
Forum: Investing - Help with Personal Investments
Topic: taxes on selling off photo gear?
Replies: 13
Views: 1080

Re: taxes on selling off photo gear?

If personal property sold on ebay. . .why would there be taxes due? I don't think it matters if they're personal property or where they're sold. If you make money you owe taxes. I will sell the lenses for less than I paid for them. Do I owe any federal taxes on these sales? This is the key point. S...
by terran
Fri Nov 10, 2017 5:04 pm
Forum: Local Chapters and Bogleheads Community
Topic: New Northwest Arkansas Bogleheads Local Chapter Established
Replies: 16
Views: 1849

Re: [Bogleheads Local] Chapters in Southern Missouri/ Northern Arkansas?

I'm in Northwest Arkansas. I live in Fayetteville. I would love to get together with everyone for some coffee or a beer sometime. I'm 27 years old, and as you can imagine, my wife and I are the minority in a town like Faytown with us being Bogleheads :sharebeer I'm also in NW Arkansas. Anything eve...
by terran
Fri Nov 10, 2017 12:58 pm
Forum: Local Chapters and Bogleheads Community
Topic: New Northwest Arkansas Bogleheads Local Chapter Established
Replies: 16
Views: 1849

Re: [Bogleheads Local] Chapters in Southern Missouri/ Northern Arkansas?

I'm in Northwest Arkansas. I live in Fayetteville. I would love to get together with everyone for some coffee or a beer sometime. I'm 27 years old, and as you can imagine, my wife and I are the minority in a town like Faytown with us being Bogleheads :sharebeer I'm also in NW Arkansas. Anything eve...
by terran
Thu Nov 09, 2017 5:01 pm
Forum: Investing - Help with Personal Investments
Topic: Mega Backdoor questions
Replies: 54
Views: 3446

Re: Mega Backdoor questions

Yes you can. Depending on how long you expect to work there, or how long until you reach 59.5 it may make more sense to invest in taxable as capital gains taxes are less than regular income taxes which is what you'll pay on the gains in an after tax account. I'm only 44 and hopefully plan to stay w...
by terran
Thu Nov 09, 2017 4:22 pm
Forum: Investing - Help with Personal Investments
Topic: Mega Backdoor questions
Replies: 54
Views: 3446

Re: Mega Backdoor questions

Yes you can. Depending on how long you expect to work there, or how long until you reach 59.5 it may make more sense to invest in taxable as capital gains taxes are less than regular income taxes which is what you'll pay on the gains in an after tax account.
by terran
Sat Nov 04, 2017 12:29 am
Forum: Investing - Help with Personal Investments
Topic: HSA related health care question
Replies: 10
Views: 1074

Re: HSA related health care question

You will have a family plan HDHP and as an HSA eligible individual for that plan that is all that is necessary to have the HSA family plan contribution limit. She will not be a eligible individual able to open her own HSA or make HSA contributions, but any of her unreimbursed medical expenses are q...
by terran
Fri Nov 03, 2017 3:06 pm
Forum: Investing - Help with Personal Investments
Topic: Should I max out 403(b) on last check?
Replies: 9
Views: 953

Re: Should I max out 403(b) on last check?

If you were going to be in a lower tax bracket in retirement than you are this year then I would definitely max out the 403b. Since you expect to be in the same bracket I suppose I still probably would because it would give you the option of converting it to roth (where it can then grow tax free for...
by terran
Fri Nov 03, 2017 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: Should I decline Grand Prize trip because of taxes on winnings?
Replies: 93
Views: 8958

Re: Should I decline Grand Prize trip because of taxes on winnings?

I wouldn't pay $4000 for the trip you describe (I probably wouldn't even pay $1350 in my own 15% bracket), but I'm not a golfer. It sounds like you are, and that you would enjoy this "once in a lifetime" trip, so I say go for it (as long is it won't seriously derail other goals and responsibilities ...
by terran
Thu Nov 02, 2017 7:25 pm
Forum: Investing - Help with Personal Investments
Topic: HSA related health care question
Replies: 10
Views: 1074

Re: HSA related health care question

You will have a family plan HDHP and that is all that is necessary to have the HSA family plan contribution limit. She will not be a eligible individual able to open her own HSA or make HSA contributions, but any of her unreimbursed medical expenses are qualified medical expenses for your HSA. Are ...
by terran
Tue Oct 31, 2017 10:45 pm
Forum: Investing - Help with Personal Investments
Topic: taxes on selling off photo gear?
Replies: 13
Views: 1080

Re: taxes on selling off photo gear?

If personal property sold on ebay. . .why would there be taxes due? I don't think it matters if they're personal property or where they're sold. If you make money you owe taxes. I will sell the lenses for less than I paid for them. Do I owe any federal taxes on these sales? This is the key point. S...
by terran
Thu Oct 26, 2017 8:17 pm
Forum: Personal Consumer Issues
Topic: How to get over the fear of traveling without spouse and children?
Replies: 52
Views: 4556

Re: How to get over the fear of traveling without spouse and children?

Not that I would suggest money can replace you, but would buying life insurance that could cover the loss of income and services you provide your family make you feel better about things?
by terran
Fri Oct 20, 2017 9:55 am
Forum: Investing - Help with Personal Investments
Topic: Convert taxable to pre-tax?
Replies: 5
Views: 480

Re: Convert taxable to pre-tax?

My question is, does it make sense to max out the 403(b) and 457 (which brings my take-home from the state down to almost nothing) and sell a big chunk of the stock in my taxable account to live off of? If you're planning to sell the assets in taxable anyway (which it sounds like you are to change ...
by terran
Fri Oct 20, 2017 9:36 am
Forum: Personal Finance (Not Investing)
Topic: 2018 IRS tax information
Replies: 28
Views: 4575

Re: 2018 IRS tax information

EricaInvestPink wrote:
Fri Oct 20, 2017 9:11 am
Sorry if this is a dumb question but for the "income" they are talking about, say for TIRA contribution limits, is it gross income, AGI, or taxable income??
It varies. Usually AGI or Modified AGI. For the t.IRA deduction limits it's MAGI.
by terran
Wed Oct 18, 2017 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: Complicated social security situation
Replies: 0
Views: 327

Complicated social security situation

My mother (born 1965, so FRA 67 in 2032) is collecting SSDI. She was married to my father (born 1964, so FRA 67 in 2031) for more than 10 years, but they are divorced and she is currently unmarried. My father has remarried, and his current wife is public school teacher in a state that I believe does...
by terran
Tue Oct 17, 2017 11:45 am
Forum: Personal Finance (Not Investing)
Topic: Basic HSA question
Replies: 8
Views: 753

Re: Basic HSA question

I have $67 in an ancient HSA account. I have lost the ATM card, and really just want to be done with it. Can it be as simple as finding a receipt (copay or prescription) that adds up to $67, 'filing it' in my file, and paying myself $67 from the HSA account? Yes, as long as you have proof of a prev...
by terran
Sun Oct 15, 2017 12:50 pm
Forum: Personal Consumer Issues
Topic: How long for hedonic adaptation to set in?
Replies: 109
Views: 8187

Re: How long for hedonic adaptation to set in?

The question then becomes how long it will take for any initial increases in happiness to wear off? ...how long do you need to change your circumstances before you know whether it will just become your new reality and your happiness will reset to baseline or whether this is something that really do...
by terran
Sun Oct 15, 2017 8:42 am
Forum: Personal Consumer Issues
Topic: How long for hedonic adaptation to set in?
Replies: 109
Views: 8187

Re: How long for hedonic adaptation to set in?

... most of the accommodation was "free" at our world-class-view oceanside cliff holiday home that I hardly use... 1. a house with a million $ view (every time I walk in I feel WOW!) and the value appreciates beyond inflation :mrgreen: Since this applies directly to the specific question in my OP, ...
by terran
Sun Oct 15, 2017 12:44 am
Forum: Personal Consumer Issues
Topic: How long for hedonic adaptation to set in?
Replies: 109
Views: 8187

Re: How long for hedonic adaptation to set in?

I've been reading A Guide to the Good Life: The Ancient Art of Stoic Joy and "the human mind is attuned to contrasts: it may be preferable to interrupt good experience with periods of boredom than to have an uninterrupted good experience" reminds me of some of the suggestions in the book of practic...
by terran
Sat Oct 14, 2017 10:34 pm
Forum: Personal Consumer Issues
Topic: How long for hedonic adaptation to set in?
Replies: 109
Views: 8187

Re: How long for hedonic adaptation to set in?

2015 wrote:
Sat Oct 14, 2017 10:27 pm
The book was quite valuable in describing the matrix of spending that we are caught up in through signaling. Again, I apologize for being unable to locate its exact title. :annoyed
No worries, thanks for looking!
by terran
Sat Oct 14, 2017 9:47 pm
Forum: Personal Consumer Issues
Topic: How long for hedonic adaptation to set in?
Replies: 109
Views: 8187

Re: How long for hedonic adaptation to set in?

With respect to this thread, I highly recommend the following books to help see the big picture with respect spending manipulation : 1) Signaling, 2) The Art of Choosing; and 3) The Status Syndrome_How Social Standing Effects Our Health and Longevity Is this the Signaling book you're referring to: ...
by terran
Sat Oct 14, 2017 9:33 pm
Forum: Personal Consumer Issues
Topic: How long for hedonic adaptation to set in?
Replies: 109
Views: 8187

Re: How long for hedonic adaptation to set in?

For folks that are not willing to allow your living style to creep up, do you still have a land line instead of a smart phone, use OTA TV instead of cable or streaming, carry stacks of books around or one tablet, wait for loved ones to call or get on Facebook? Hedonic adaption may sound bad but unl...
by terran
Sat Oct 14, 2017 9:20 pm
Forum: Personal Consumer Issues
Topic: How long for hedonic adaptation to set in?
Replies: 109
Views: 8187

Re: How long for hedonic adaptation to set in?

I will try my thought again, the inability of human beings to maintain a higher level of happiness through a single life achievement is what drives them to continual strive and achieve. Conversely, returning to a stable level of happiness also allows them to recover from failure and tragedy to move...
by terran
Sat Oct 14, 2017 9:11 pm
Forum: Personal Consumer Issues
Topic: How long for hedonic adaptation to set in?
Replies: 109
Views: 8187

Re: How long for hedonic adaptation to set in?

Another factor, experimentally demonstrated by Daniel Gilbert, is whether the change is reversible. Participants who were told that they could return their purchase were less happy with it than those who could not. In real life, sides that have lost a war and refugees contemplate for tens and even ...
by terran
Sat Oct 14, 2017 8:21 pm
Forum: Personal Consumer Issues
Topic: How long for hedonic adaptation to set in?
Replies: 109
Views: 8187

Re: How long for hedonic adaptation to set in?

I have always been interested in the "Hedonic treadmill" :happy “It’s not how much we have, but how much we enjoy, that makes happiness.” https://positivepsychologyprogram.com/hedonic-treadmill/ To me it is misnamed (probably misunderstood), it should be the Hedonic Ladder. After all isn't this wha...
by terran
Sat Oct 14, 2017 7:27 pm
Forum: Personal Consumer Issues
Topic: How long for hedonic adaptation to set in?
Replies: 109
Views: 8187

Re: How long for hedonic adaptation to set in?

So it sounds like you decided "I wlll save as much as I spend each year" and went from there? I think that is a laudable goal to get someone to spend less and save a boatload of money. For the last few years we've been saving about twice what we spend. This is just because we have only increased sp...
by terran
Sat Oct 14, 2017 6:37 pm
Forum: Personal Consumer Issues
Topic: How long for hedonic adaptation to set in?
Replies: 109
Views: 8187

Re: How long for hedonic adaptation to set in?

The question then becomes how long it will take for any initial increases in happiness to wear off? Unsurprisingly, there is not a constant number.... It varies depending on the item and experience. But to pick a single number.... Large lifestyle events generally take 5 years or so before you retur...