Search found 24 matches

by Pathologyguy
Tue Jan 24, 2017 9:43 am
Forum: Investing - Help with Personal Investments
Topic: Is a backdoor Roth IRA really worth it?
Replies: 21
Views: 3901

Re: Is a backdoor Roth IRA really worth it?

1. It's a little more complicated from a paperwork and maintenance perspective. This for you would include annual filing of an additional tax form, 5550 EZ, since your net plan assets would be >$250K. Rolling over to your existing employer's plan avoids creating another account to be managed. A for...
by Pathologyguy
Tue Jan 24, 2017 8:52 am
Forum: Investing - Help with Personal Investments
Topic: Is a backdoor Roth IRA really worth it?
Replies: 21
Views: 3901

Re: Is a backdoor Roth IRA really worth it?

I like the idea of a solo 401k Establishing a solo 401(k) for the IRA rollover is a great option if you current employer's 401a/403b does not have access to low-cost funds. There are a couple of caveats to be aware of: 1. It's a little more complicated from a paperwork and maintenance perspective. ...
by Pathologyguy
Tue Jan 17, 2017 7:13 pm
Forum: Personal Consumer Issues
Topic: Iowa Steak Company
Replies: 44
Views: 5768

Re: Iowa Steak Company

The reviews on Yelp for this company/sales system are worth a read: https://www.yelp.com/biz/iowa-steak-company-englewood https://www.yelp.com/biz/iowa-steak-company-spanaway Pat yourself on the back for cancelling the card before the charges dropped. I wouldn't work too hard to return the product, ...
by Pathologyguy
Sat Dec 24, 2016 4:11 pm
Forum: Local Chapters and Bogleheads Community
Topic: My Christmas Gift to You.
Replies: 98
Views: 10759

Re: My Christmas Gift to You.

Taylor -

May we never forget the sacrifices and dedication of your generation.

Many thanks for your past and your continuing service to your fellow man.

Merry Christmas!
by Pathologyguy
Wed Nov 02, 2016 12:02 pm
Forum: Personal Consumer Issues
Topic: Texas [road trip]
Replies: 63
Views: 6241

Re: Texas [road trip]

Loving this thread, particularly liveshoft's fellow Texan initial response.

I think this is probably the sign - it's 857 miles. What a great sign!

http://farm2.staticflickr.com/1282/4684 ... 7044_o.jpg
by Pathologyguy
Sun May 22, 2016 1:28 pm
Forum: Personal Consumer Issues
Topic: WW2 Books & Education
Replies: 91
Views: 5151

Re: WW2 Books & Education

Big topic, and there are a lot of different approaches. One way to pursue a big topic is to follow a thread. William Shirer's "The Rise and Fall of the Third Reich" encompasses a history of World War II from the perspective of the rise and fall of Adolf Hitler. While predominantly political focus, i...
by Pathologyguy
Tue Jan 26, 2016 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: Do you use the service of a CPA or you do your tax yourself?
Replies: 88
Views: 9693

Re: Do you use the service of a CPA or you do your tax yourself?

Family (MFJ) and daughter's taxes: Do them myself, TurboTax. Nothing too complicated. W2s, 1099DIV/INT, my wife has a bit of 1099 SE income but nothing deductible except mileage, a little bit of TLH, backdoor Roths, Schedule A/D. (My daughter has SE income, a solo 401k, and Roth, at 19, thanks to th...
by Pathologyguy
Fri Aug 28, 2015 12:52 am
Forum: Personal Consumer Issues
Topic: Has anyone actually used gold or silver coins for a purchase?
Replies: 57
Views: 7965

Re: Has anyone actually used gold or silver coins for a purchase?

Exactly, if you have a $1000 gold coin and go to buy a loaf of bread do you really think you are going to get change back. Gold and silver will not be a currency in some kind of disaster scenario. Which is why it's absurd that people hold gold bars. In the Zimbabwe video I linked to above, people w...
by Pathologyguy
Fri Jul 03, 2015 6:01 pm
Forum: Investing - Help with Personal Investments
Topic: Looking to start investing... How much do I need to start?
Replies: 21
Views: 2555

Re: Looking to start investing... How much do I need to start?

One basic question would be whether you have earned income. If you do, you will want to consider Roth IRA contributions as a top priority. The magic of compounding is even more magical when the compounded earnings are tax free, albeit with a long event horizon. I second ruravalons suggestion to sta...
by Pathologyguy
Fri Jul 03, 2015 5:25 pm
Forum: Investing - Help with Personal Investments
Topic: Looking to start investing... How much do I need to start?
Replies: 21
Views: 2555

Re: Looking to start investing... How much do I need to start?

One basic question would be whether you have earned income. If you do, you will want to consider Roth IRA contributions as a top priority. The magic of compounding is even more magical when the compounded earnings are tax free, albeit with a long event horizon. I second ruravalons suggestion to star...
by Pathologyguy
Tue May 19, 2015 12:11 am
Forum: Investing - Help with Personal Investments
Topic: Young And Clueless
Replies: 28
Views: 3771

Re: Young And Clueless

If you have not read it, I recommend you start with this free e-book by the eminent Dr. Bernstein: http://www.etf.com/docs/IfYouCan.pdf It has some embedded recommendations for followup book reading, but this short tome contains plenty of food for thought to start - and it's all extremely nutritious!
by Pathologyguy
Thu Apr 23, 2015 5:20 pm
Forum: Personal Consumer Issues
Topic: Physicians: What's your vacation policy?
Replies: 28
Views: 11200

Re: Physicians: What's your vacation policy?

Big academic medical center. We have paid time off, accrual increases by length of service; for me at 11 years it's 204 hours (25.5 days) a year. We get 30 days for professional/extramural. I'm pretty disincentivized to take advantage of my time off as time spent away from the institution does not r...
by Pathologyguy
Wed Apr 08, 2015 10:29 pm
Forum: Personal Consumer Issues
Topic: Tree roots growing into sewer lines
Replies: 41
Views: 8428

Re: Tree roots growing into sewer lines

So far I only notice my problem when using the washing machine. The clothes come out unusually damp. When the washing machine flushes (large amt. of water rapidly flushing), water bubbles up in the toilet. You should feel lucky. For us the way we noticed is that there was about 6 inches of semi liq...
by Pathologyguy
Sun Apr 05, 2015 8:01 pm
Forum: Personal Finance (Not Investing)
Topic: Form 8606 Question
Replies: 33
Views: 3836

Re: Form 8606 Question

Relaying from a far wiser head than mine, instructions in Publication 590-B (page 14) state this: 5. If line 5 of Form 8606 is equal to or greater than line 8 of Worksheet 1-1, follow instructions 6 and 7, next. Do not complete lines 6 through 12 of Form 8606. This explains having blank lines 6-12 i...
by Pathologyguy
Sun Apr 05, 2015 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: Form 8606 Question
Replies: 33
Views: 3836

Re: Form 8606 Question

Line 8 being blank is I think a known "issue" - possibly considered a worksheet/entry shortcut - with TurboTax, and apparently some other tax software, see for instance this thread: http://www.bogleheads.org/forum/viewtopic.php?f=1&t=110134 My 8606s (first year backdoor for me and wife) are blank fo...
by Pathologyguy
Sat Apr 04, 2015 8:42 am
Forum: Personal Finance (Not Investing)
Topic: Paying for childrens' college
Replies: 121
Views: 12196

Re: Paying for childrens' college

Send your children to Stanford. 5% acceptance rate! Most Bogleheads--and their children--are in the top 5% of intellectual ability and determination. Victoria Top 5% of what? I can assure you that the applicant pool to Stanford is not "high school seniors" - it's already a very accomplished group o...
by Pathologyguy
Sun Mar 08, 2015 4:56 pm
Forum: Personal Finance (Not Investing)
Topic: Help Me Calculate My Monthly Housing Cost
Replies: 14
Views: 1251

Re: Help Me Calculate My Monthly Housing Cost

You should use something like TurboTax to actually calculate the tax impact. Because of AMT and various phaseouts it's not necessarily as straightforward as you present. Ok thanks. I will look into that. My general understanding of the tax deductiblity of interest (limited to $1.1M principal value)...
by Pathologyguy
Sun Mar 08, 2015 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: Help Me Calculate My Monthly Housing Cost
Replies: 14
Views: 1251

Re: Help Me Calculate My Monthly Housing Cost

You should use something like TurboTax to actually calculate the tax impact. Because of AMT and various phaseouts it's not necessarily as straightforward as you present. Ok thanks. I will look into that. My general understanding of the tax deductiblity of interest (limited to $1.1M principal value)...
by Pathologyguy
Thu Feb 26, 2015 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: 2015 Estimated tax after owing tax in 2014
Replies: 8
Views: 924

Re: 2015 Estimated tax after owing tax in 2014

Solution proposed by The Wizard is viable but does require that you annualize your income on Form 2210. I think it is generally better to withhold than estimate if that's possible because the timing of the withholding to my understanding is tax year based and not quarterly. I.e. it doesn't matter w...
by Pathologyguy
Thu Feb 26, 2015 1:30 pm
Forum: Personal Consumer Issues
Topic: Should you tip when picking up takeout food?
Replies: 54
Views: 9450

Re: Should you tip when picking up takeout food?

You guys/gals are giving me the courage not to give in to the point-of-sale terminals that are now proliferating. You know, the ones that they swing over to you to sign when paying with a credit card and that have convenient, large tip buttons included. :annoyed
by Pathologyguy
Thu Feb 26, 2015 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: 2015 Estimated tax after owing tax in 2014
Replies: 8
Views: 924

Re: 2015 Estimated tax after owing tax in 2014

Solution proposed by The Wizard is viable but does require that you annualize your income on Form 2210. I think it is generally better to withhold than estimate if that's possible because the timing of the withholding to my understanding is tax year based and not quarterly. I.e. it doesn't matter wh...
by Pathologyguy
Thu Feb 19, 2015 12:12 pm
Forum: Investing - Help with Personal Investments
Topic: American Funds departure or stay?
Replies: 17
Views: 1637

Re: American Funds departure or stay?

Ashley - Your instincts are not your friend when it comes to "timing the market". If you have not yet, suggest you read the compelling & compactly comprehensive monograph by Boglehead William Bernstein: http://www.etf.com/docs/IfYouCan.pdf Hurdle #4 addresses human psychology and why a disciplined p...
by Pathologyguy
Tue Feb 10, 2015 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: Where to put money gifted to infant son?
Replies: 14
Views: 2399

Re: Where to put money gifted to infant son?

Agree with itstoomuch that there is no single answer for UGMA versus 529 without some underlying modeling/assumptions, including your marginal tax bracket, amount invested, and future financial aid plans. You could open up a taxable account in your own name to manage the money for your son, retainin...
by Pathologyguy
Sat Feb 07, 2015 8:26 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth IRA - Form 8606 - TurboTax
Replies: 11
Views: 6705

Re: Backdoor Roth IRA - Form 8606 - TurboTax

I can confirm this annoying behavior (blank lines 6-12 in Part I of Form 8606) in TurboxTax offline/CD Home and Business 2014. This is doing a standard $5500 backdoor Roth conversion with no preexisting TIRA basis for myself and DW. This is my first year doing the backdoor so I'm a little nervous, b...