Search found 1845 matches

by krow36
Sun Oct 14, 2018 7:20 pm
Forum: Investing - Help with Personal Investments
Topic: Determining capital gains?
Replies: 16
Views: 406

Re: Determining capital gains?

Have you looked at your Vanguard online account, under My Account? Check out Cost Basis.
by krow36
Fri Oct 12, 2018 11:28 pm
Forum: Investing - Help with Personal Investments
Topic: Need some advice getting started at 34yo
Replies: 16
Views: 2425

Re: Need some advice getting started at 34yo

If you buy VFIAX, 500 Index, you will only have large cap stocks. Why not use the Total Stock Market Index fund instead. It holds large, mid and small cap stocks and maximizes your diversification. It's ideal to hold your bond funds in your tax-deferred accounts like your 401k. Please read the Wiki ...
by krow36
Fri Oct 12, 2018 3:54 pm
Forum: Investing - Help with Personal Investments
Topic: Scared to Jump
Replies: 11
Views: 1412

Re: Scared to Jump

If your income (including the capital gains from selling some fund shares) spills over into a higher tax bracket, only the overage is taxed at the higher amount, not any extra tax on the lower portion of your other income. There is a low band where your cap gains are not taxed at all until your inc...
by krow36
Fri Oct 12, 2018 12:34 pm
Forum: Investing - Help with Personal Investments
Topic: Higher fee index fund or lower fee actively managed fund for 403(b)
Replies: 9
Views: 610

Re: Higher fee index fund or lower fee actively managed fund for 403(b)

BH poster EdLaFave has succeeded in getting Fidelity and Vanguard added to the 403b vendor list for Orange County School District (FL). Take a look at his blog: https://educatorsfightingforfairness.wo ... our-story/
by krow36
Thu Oct 11, 2018 7:44 pm
Forum: Investing - Help with Personal Investments
Topic: Higher fee index fund or lower fee actively managed fund for 403(b)
Replies: 9
Views: 610

Re: Higher fee index fund or lower fee actively managed fund for 403(b)

Does your college have more than 2 vendors on their 403b/457 lists? Sometimes there's a low-cost option that is not obvious. If you will list the vendors, we might know of low-cost option. What state are you in? Many states (over 20?) have state run 457 plans that teachers can use. Frequently they a...
by krow36
Tue Oct 09, 2018 8:54 pm
Forum: Investing - Help with Personal Investments
Topic: STILL NEED HELP! Messed Up Backdoor Roth in April 2018
Replies: 7
Views: 533

Re: HELP! Messed Up Backdoor Roth in April 2018

If you roll over your rollover tIRA to an individual 401k by Dec 31, your new Roth IRA will not have a pro rata problem. Don't choose Vanguard for the individual 401k because they don't allow rollovers of IRAs. Fidelity is often suggested.
by krow36
Tue Oct 09, 2018 6:57 pm
Forum: Investing - Help with Personal Investments
Topic: Pre-tax contribution limits and pensions
Replies: 2
Views: 219

Re: Pre-tax contribution limits and pensions

My take is that she could contribute up to $18.5 of her pre-tax income into the 403b each year. Is this correct? In addition to a contribution of up to 24.5k to a 403b (if she is >50), it's very likely she can contribute another 24.5k to the MA state 457 deferred compensation plan. https://docs.emp...
by krow36
Fri Oct 05, 2018 10:19 pm
Forum: Investing - Help with Personal Investments
Topic: Help -- rollover of 403B and 457
Replies: 3
Views: 271

Re: Help -- rollover of 403B and 457

Since you might return to teaching in the future, resulting in your MFJ income increasing significantly, I suggest you not roll over your 403b and 457 plans to IRAs. Your Fidelity 403b plan has many low-cost index funds and there is no reason to move it to a Vanguard IRA on the basis of fees. As for...
by krow36
Fri Oct 05, 2018 5:31 pm
Forum: Investing - Help with Personal Investments
Topic: Security benefits: nea directinvest issues
Replies: 3
Views: 217

Re: Security benefits: nea directinvest issues

EdLaFave in Orange County, FL went through a very similar experience. He has documented it on his blog and maybe on this forum, although I can’t find it right now. https://educatorsfightingforfairness.wordpress.com/our-story/. His district HR people insisted his wife could not use Direct Invest alth...
by krow36
Fri Oct 05, 2018 1:15 pm
Forum: Investing - Help with Personal Investments
Topic: Self-employee investments
Replies: 5
Views: 399

Re: Self-employee investments

Does your husband have any employees, and if not does he ever plan to have any employees? This is a critical question. If he has employees, the solo 401k is not possible, and a SEP IRA is not likely advantageous. That probably leaves a SIMPLE IRA plan. If he does not have any employees, a solo (ind...
by krow36
Fri Oct 05, 2018 1:03 pm
Forum: Investing - Help with Personal Investments
Topic: Question Regarding SEP-IRA Distributions
Replies: 26
Views: 1088

Re: Question Regarding SEP-IRA Distributions

Why would they send a form in May for the previous year if the previous year's taxes are due in April? The Form 5498 must have its uses (to Vanguard and/or the IRS?), but I don't know what use they are to the SEP IRA contributor, other than to confirm the prior year's contributions. Also, I just le...
by krow36
Fri Oct 05, 2018 12:12 pm
Forum: Investing - Help with Personal Investments
Topic: Question Regarding SEP-IRA Distributions
Replies: 26
Views: 1088

Re: Question Regarding SEP-IRA Distributions

[krylon80 post_id=4150284 time=1538753877 user_id=35547] Yeah, that's what I was assuming, that Vanguard would send the Form 5498 for 2018, which could then be used on the 2018 taxes. That being said, if the intent was for the 2018 contributions to be deducted from 2017's taxes, how could that have ...
by krow36
Fri Oct 05, 2018 10:05 am
Forum: Investing - Help with Personal Investments
Topic: Question Regarding SEP-IRA Distributions
Replies: 26
Views: 1088

Re: Question Regarding SEP-IRA Distributions

I don’t think you have a double taxation problem. You missed out on making a SEP IRA contribution for 2017 by not taking the deduction on line 28 of your 2017 Form 1040. Yes you can take the deduction when you file your 2018 1040 if you have 2018 self-employment income to justify the Jan 2018 contri...
by krow36
Thu Oct 04, 2018 5:11 pm
Forum: Investing - Help with Personal Investments
Topic: Question Regarding SEP-IRA Distributions
Replies: 26
Views: 1088

Re: Question Regarding SEP-IRA Distributions

Is Vanguard listing the Jan 2018 contribution for 2017 or for 2018?
by krow36
Thu Oct 04, 2018 4:20 pm
Forum: Investing - Help with Personal Investments
Topic: Question Regarding SEP-IRA Distributions
Replies: 26
Views: 1088

Re: Question Regarding SEP-IRA Distributions

You can make several types of contributions to a SEP IRA account. Typically, a SEP IRA contribution will be made, but you can also make: 1) A regular non deductible TIRA contribution 2) A deductible TIRA contribution 3) A rollover contribution I don't think you made any of the 3 other (non-SEP) typ...
by krow36
Thu Oct 04, 2018 3:15 pm
Forum: Investing - Help with Personal Investments
Topic: Question Regarding SEP-IRA Distributions
Replies: 26
Views: 1088

Re: Question Regarding SEP-IRA Distributions

Under Balances and Holdings, go to the SEP IRA account. Select “More account information”, then select “View contribution summary”. Choose “tax year 2017 or 2018”. Is this the information you're looking for?
by krow36
Wed Oct 03, 2018 5:58 pm
Forum: Investing - Help with Personal Investments
Topic: Simplifying Portfolio as I head into retirement?
Replies: 6
Views: 864

Re: Simplifying Portfolio as I head into retirement?

Have you considered the special catch-up contributions allowed in 457 plans during the 3 years prior to retirement age? You could possibly double the standard 18.5k for 2018?
https://www.irs.gov/retirement-plans/pl ... ion-limits
by krow36
Wed Oct 03, 2018 5:32 pm
Forum: Investing - Help with Personal Investments
Topic: Question Regarding SEP-IRA Distributions
Replies: 26
Views: 1088

Re: Question Regarding SEP-IRA Distributions

Read about deductions for the self-employed SEP IRA at https://www.irs.gov/pub/irs-pdf/p560.pdf
Whether the SEP is through an employer's plan, or is a self-employed SEP, the contributions are always considered as employer's contributions, not employee's contributions.
by krow36
Mon Oct 01, 2018 12:52 pm
Forum: Investing - Help with Personal Investments
Topic: Suggestions on startng a 457b plan
Replies: 4
Views: 387

Re: Suggestions on startng a 457b plan

Thanks for clarifying what you are trying to do. You might post your question on the BenefitsLink 457 forum, where professionals frequently post. You might even find an answer to a similar question? Good luck!
https://benefitslink.com/boards/index.p ... 457-plans/
by krow36
Mon Oct 01, 2018 1:01 am
Forum: Investing - Help with Personal Investments
Topic: Suggestions on startng a 457b plan
Replies: 4
Views: 387

Re: Suggestions on startng a 457b plan

Are you thinking of establishing a non-governmental 457 ? Are you familiar with the requirements? It’s used by large non-profits and restricted for their highly compensated employees. https://www.bogleheads.org/wiki/457(b) https://www.irs.gov/retirement-plans/non-governmental-457b-deferred-compensat...
by krow36
Sun Sep 30, 2018 9:46 pm
Forum: Investing - Help with Personal Investments
Topic: Moving 403B to IRA
Replies: 3
Views: 303

Re: Moving 403B to IRA

Have you talked to Vanguard? It's possible they can do an "in kind" trustee to trustee transfer of most of your funds. It's worth a call. If you do have to liquidate, you'll be out of the market for a few weeks, but you can invest at Vanguard at your same asset allocation. So you are not really doin...
by krow36
Sun Sep 30, 2018 8:59 pm
Forum: Investing - Help with Personal Investments
Topic: Inexperienced Investor seeking help
Replies: 12
Views: 601

Re: Inexperienced Investor seeking help

Here's some more information for you (and other NJ teachers) to consider: The NJ Education Association (NJEA) and Lincoln Investment have a relationship (unexplained publicly) that has resulted in excellent, low-cost 403b and 457 plans for NJ teachers. NJEA is the NJ arm of the NEA, the nation’s lar...
by krow36
Sun Sep 30, 2018 2:02 pm
Forum: Investing - Help with Personal Investments
Topic: Inexperienced Investor seeking help
Replies: 12
Views: 601

Re: Inexperienced Investor seeking help

You may be able to contribute directly to a Roth IRA if your modified adjusted gross income is under $189,000. Contributing to 401k, 403b or 457 accounts could reduce your MAGI to <189k. If your MAGI is over 189k, you can use the “backdoor Roth” method. Check it out in the BH Wiki. Your AGI is at th...
by krow36
Sun Sep 30, 2018 1:28 pm
Forum: Investing - Help with Personal Investments
Topic: Inexperienced Investor seeking help
Replies: 12
Views: 601

Re: Inexperienced Investor seeking help

TJS1905, welcome to the forum! Teachers have the ability to contribute to a 403b plan. If your wife works for a public school district, she will very likely have a number of different providers that she can choose from. If you google “(district name), 403b plan vendors”, you should be able to find t...
by krow36
Sat Sep 29, 2018 12:18 am
Forum: Investing - Help with Personal Investments
Topic: SEP IRA Rollover
Replies: 5
Views: 344

Re: SEP IRA Rollover

If it’s a SIMPLE IRA, and it’s been less than 2 years since your first contribution, then you can do a trustee to trustee penalty-free transfer to another SIMPLE IRA at another financial institution. If more than 2 years you can transfer it to a tIRA rather than to a SIMPLE IRA. Transfers from SIMPL...
by krow36
Fri Sep 28, 2018 10:50 pm
Forum: Investing - Help with Personal Investments
Topic: SEP IRA Rollover
Replies: 5
Views: 344

Re: SEP IRA Rollover

It isn’t relevant in the OP’s case, but transfers from a SEP IRA to a tIRA at another financial institution are allowed before separation from employer. This allows an employee to avoid the possible high fees of the employer’s chosen SEP financial institution. :D SEP-IRA amounts—rollover or transfer...
by krow36
Fri Sep 28, 2018 8:41 pm
Forum: Investing - Help with Personal Investments
Topic: SEP IRA Rollover
Replies: 5
Views: 344

Re: SEP IRA Rollover

I think you may be thinking of an active SIMPLE IRA where there's a 2 year wait before account balances can be transferred to a traditional IRA. A SEP IRA with a previous employer can be transferred to another provider and/or a traditional IRA with no waiting period.
by krow36
Wed Sep 26, 2018 5:18 pm
Forum: Investing - Help with Personal Investments
Topic: Helping a sibling
Replies: 26
Views: 3107

Re: Helping a sibling

I think motivating them to make a change should be your goal, and the best way to do that is to get them to realize how much they are giving away by not using low-cost index funds. If you think they are mostly in actively managed, high fee funds, estimate what the costs are in 1 year and over time, ...
by krow36
Sun Sep 23, 2018 9:08 pm
Forum: Investing - Help with Personal Investments
Topic: Looking for advice on whether to participate in Deferred Compensation Plan
Replies: 18
Views: 2023

Re: Looking for advice on whether to participate in Deferred Compensation Plan

Have you looked at this on White coat Invester's blog? Be sure to read the comments also, and check out the links: https://www.whitecoatinvestor.com/shoul ... your-457b/
by krow36
Sat Sep 22, 2018 2:46 pm
Forum: Investing - Help with Personal Investments
Topic: New to Investing, I feel lost
Replies: 43
Views: 2047

Re: New to Investing, I feel lost

Fidelity has excellent low-cost index funds and is the best vendor on your list in my opinion.
by krow36
Sat Sep 22, 2018 1:10 pm
Forum: Investing - Help with Personal Investments
Topic: New to Investing, I feel lost
Replies: 43
Views: 2047

Re: New to Investing, I feel lost

Are you here working in the US with a Green Card? Is citizenship a possibility? Will you return to your home country soon or in retirement? The answers may be important in determining how you should save in the US. Is your employment with a K-12 public school district? If so, you very likely have a ...
by krow36
Sat Sep 22, 2018 12:09 pm
Forum: Investing - Help with Personal Investments
Topic: SIMPLE IRA salary reduction for wages earned prior to the plan effective date
Replies: 23
Views: 1108

Re: SIMPLE IRA salary reduction for wages earned prior to the plan effective date

I see that the Salary Reduction form allows the employee to specify a starting date for the salary reduction. https://www.fidelity.com/bin-public/060_www_fidelity_com/documents/salreduct.pdf So I guess you are OK to skip the Oct pay date if all the employees put in a post-Oct 1 start date. Although ...
by krow36
Sat Sep 22, 2018 1:15 am
Forum: Investing - Help with Personal Investments
Topic: SIMPLE IRA salary reduction for wages earned prior to the plan effective date
Replies: 23
Views: 1108

Re: SIMPLE IRA salary reduction for wages earned prior to the plan effective date

A big concern for us is to make a mistake that we'll have to fix later. So we are leaning towards playing it safe by waiting till the November payroll to start the salary reductions. I wonder if you can change your plan’s effective date to Nov 1. If your effective date is Oct 1, I think you are req...
by krow36
Sat Sep 22, 2018 12:58 am
Forum: Investing - Help with Personal Investments
Topic: SIMPLE IRA salary reduction for wages earned prior to the plan effective date
Replies: 23
Views: 1108

Re: SIMPLE IRA salary reduction for wages earned prior to the plan effective date

OK, Form 5305 says: * No salary reduction election may apply to compensation that an employee received, or had a right to immediately receive, before execution of the salary reduction election. https://www.irs.gov/pub/irs-pdf/f5305sim.pdf 
 I think that this means that a SIMPLE IRA contribution fro...
by krow36
Fri Sep 21, 2018 8:16 pm
Forum: Investing - Help with Personal Investments
Topic: SIMPLE IRA salary reduction for wages earned prior to the plan effective date
Replies: 23
Views: 1108

Re: SIMPLE IRA salary reduction for wages earned prior to the plan effective date

OK, Form 5305 says: * No salary reduction election may apply to compensation that an employee received, or had a right to immediately receive, before execution of the salary reduction election. https://www.irs.gov/pub/irs-pdf/f5305sim.pdf 
 I think that this means that a SIMPLE IRA contribution from...
by krow36
Fri Sep 21, 2018 3:36 pm
Forum: Investing - Help with Personal Investments
Topic: SIMPLE IRA salary reduction for wages earned prior to the plan effective date
Replies: 23
Views: 1108

Re: SIMPLE IRA salary reduction for wages earned prior to the plan effective date

”no salary reduction election may apply to compensation that an employee received, or had a right to immediately receive, before execution of the salary reduction election" I think the above means that the employer must receive the filled out and signed salary reduction form from the employee befor...
by krow36
Fri Sep 21, 2018 2:14 pm
Forum: Investing - Help with Personal Investments
Topic: SIMPLE IRA salary reduction for wages earned prior to the plan effective date
Replies: 23
Views: 1108

Re: SIMPLE IRA salary reduction for wages earned prior to the plan effective date

It really doesn’t matter if the SIMPLE IRA is starting late in the year as concerns the contributions. The employer will contribute 3% or 2% of the employee’s full yearly salary. This can be completed after Dec 31 when the year’s salary is known. https://www.irs.gov/retirement-plans/simple-ira-plan-...
by krow36
Fri Sep 21, 2018 11:25 am
Forum: Investing - Help with Personal Investments
Topic: SIMPLE IRA salary reduction for wages earned prior to the plan effective date
Replies: 23
Views: 1108

Re: SIMPLE IRA salary reduction for wages earned prior to the plan effective date

I think maybe the next paragraph in IRS Notice 98-4 is what applies to your case: During these 60-day periods, employees have the right to modify their salary reduction agreements without restrictions. In addition, for the year in which an employee becomes eligible to make salary reduction contribut...
by krow36
Fri Sep 21, 2018 1:00 am
Forum: Investing - Help with Personal Investments
Topic: SIMPLE IRA salary reduction for wages earned prior to the plan effective date
Replies: 23
Views: 1108

Re: SIMPLE IRA salary reduction for wages earned prior to the plan effective date

Hello all. I work for a small startup company that will be offering a SIMPLE IRA for the first time. The plan effective date is going to be October 1, and we would like for our employees to be able to contribute to their IRAs starting with the upcoming October payroll. The potential problem, howeve...
by krow36
Thu Sep 20, 2018 5:40 pm
Forum: Investing - Help with Personal Investments
Topic: Rolling over IRA and Roth IRAs - allocation advice
Replies: 4
Views: 351

Re: Rolling over IRA and Roth IRAs - allocation advice

Have you changed your 403b vendor to Security Benefit's NEA Direct Invest? I just read your 403b thread. :happy
by krow36
Wed Sep 19, 2018 9:49 pm
Forum: Investing - Help with Personal Investments
Topic: Need help with starting solo 401 k - just so I can do Backdoor Roth IRA
Replies: 8
Views: 502

Re: Need help with starting solo 401 k - just so I can do Backdoor Roth IRA

I know how to do a Backdoor Roth - please do not share those links - I am asking for help with the tax portion and why are CPAs so clueless and cannot help do my taxes???? WHy do they tell me there are fees but still wont do it - take the damn fee since you are already charging me!! But do you know...
by krow36
Tue Sep 18, 2018 12:21 pm
Forum: Investing - Help with Personal Investments
Topic: Does anyone know what the AXA 403(b) fees are?
Replies: 16
Views: 5807

Re: Does anyone know what the AXA 403(b) fees are?

Take a look at this document. It looks like it might be teacher specific. https://us.axa.com/docs/teacher-retirement.pdf Pages 11-13 deal specifically with fees. Harpgirl555, welcome back. Over 2 years ago you were looking for a low-cost 403b plan for your district. If you are looking at AXA plans ...
by krow36
Mon Sep 17, 2018 11:57 pm
Forum: Investing - Help with Personal Investments
Topic: SIMPLE IRA, solo 401(k) & Backdoor Roth
Replies: 12
Views: 681

Re: SIMPLE IRA, solo 401(k) & Backdoor Roth

OK, thanks for the correction. So the OP can roll over the money in his active SIMPLE to an individual 401k before the end of the year. OP ends up with a very low or zero SIMPLE balance on Dec 31? Very interesting! Is this part of the new tax law?
by krow36
Mon Sep 17, 2018 10:29 pm
Forum: Investing - Help with Personal Investments
Topic: SIMPLE IRA, solo 401(k) & Backdoor Roth
Replies: 12
Views: 681

Re: SIMPLE IRA, solo 401(k) & Backdoor Roth

I also have a SIMPLE IRA through my employer that I've had for 4+ years now. I'm aware that by recharacterizing my Roth & contributing to a Traditional IRA with non-deductible funds, my SIMPLE IRA will become an issue whenever I attempted to convert my traditional IRA to Roth (backdoor). I believe ...
by krow36
Sat Sep 15, 2018 9:07 pm
Forum: Investing - Help with Personal Investments
Topic: Opinions on American Funds
Replies: 28
Views: 1931

Re: Opinions on American Funds

Elephantstone, I’m not sure what you are 90% sure of? Since you cannot invest in index funds in the Wells Fargo managed SIMPLE IRA, are you 90% sure you are not going to participate in the SIMPLE IRA? That would be foolish. The SIMPLE has a 3% employer match or a 2% required employer contribution. I...
by krow36
Fri Sep 14, 2018 8:47 pm
Forum: Personal Finance (Not Investing)
Topic: Default of 403b loan?
Replies: 10
Views: 556

Re: Default of 403b loan?

You might find this thread about 403b loan default interesting: http://board.403bwise.com/topic/6846-40 ... -question/
by krow36
Wed Sep 12, 2018 10:13 pm
Forum: Investing - Help with Personal Investments
Topic: rmd for IRAs at multiple institutions
Replies: 18
Views: 1239

Re: rmd for IRAs at multiple institutions

If you have more than one IRA, you must calculate the RMD for each IRA separately each year. However, you may aggregate your RMD amounts for all of your IRAs and withdraw the total from one IRA or a portion from each of your IRAs. You do not have to take a separate RMD from each IRA. https://www.ir...
by krow36
Mon Sep 10, 2018 10:24 pm
Forum: Investing - Help with Personal Investments
Topic: Switching investment fund
Replies: 9
Views: 646

Re: Switching investment fund

Open your Vanguard account, in the Menu, select My Accounts and go to Cost basis. In the Total Gain/Loss column, a red green Gain means that if you sold your fund, you would have a capital gain that will add to your taxable income. If you look up "capital gains", you'll see that they are taxed at ei...