Search found 244 matches

by ThisTimeItsDifferent
Mon Oct 28, 2019 9:42 pm
Forum: Personal Consumer Issues
Topic: New Computer with or without SSD?
Replies: 78
Views: 4305

Re: New Computer with or without SSD?

Definitely only SSD, 100x the speed of hard drives. Don't get the cheapest off brand SSD though. The DRAM-less and/or QLC ones are slower and do have a very limited lifespan because all the file meta-data is stored and re-written direct to SSD rather than to DRAM. Even some major brands have budget ...
by ThisTimeItsDifferent
Tue Oct 08, 2019 3:53 pm
Forum: Personal Investments
Topic: Overfunding a 529 - weighing risk / reward
Replies: 18
Views: 1788

Re: Overfunding a 529 - weighing risk / reward

The penalty for non-qualified withdrawals is two fold: First you pay a 10% penalty and you also have to pay income tax at your marginal tax rate. For most Bogleheads, your marginal tax rate is much, much higher than long term capital gains tax. You generally pay taxes on the portion not already tax...
by ThisTimeItsDifferent
Wed Sep 18, 2019 11:22 am
Forum: Personal Consumer Issues
Topic: Low Cost Burner Phone?
Replies: 16
Views: 2301

Re: Low Cost Burner Phone?

a little over a year ago i bought a tracphone smart phone second phone from QVC. it cost $85 and came with a years service, 1000 minutes, 1000 texts, and 1GB of data. runs on verizon. after the first year i had virtually all of the minutes and texts left so i really only needed to extend the servic...
by ThisTimeItsDifferent
Mon Jul 08, 2019 2:05 pm
Forum: Investing - Theory, News & General
Topic: Mega backdoor Roth:. Anyone got their employer to change plan to allow it?
Replies: 22
Views: 2392

Re: Mega backdoor Roth:. Anyone got their employer to change plan to allow it?

My mega cap employer added the mega backdoor Roth capability, with automatic conversions, a year or two after I requested it.
by ThisTimeItsDifferent
Thu Jun 06, 2019 7:57 am
Forum: Investing - Theory, News & General
Topic: Thank you, Taylor Larimore!
Replies: 49
Views: 6516

Re: Thank you, Taylor Larimore!

+1

Thank you Taylor Larimore for your service then and now.
Also, thank you to other veterans.
by ThisTimeItsDifferent
Mon May 27, 2019 12:58 pm
Forum: Personal Investments
Topic: ibonds and 529
Replies: 8
Views: 1108

Re: ibonds and 529

@HueyLD, The sole purpose of reporting the interest on Form 8815 is for the purpose of calculating a proration of the interest eligible for exclusion if the full savings bond redemption was not used for qualified educational expenses including 529 contributions. All 529 contributions are are cash c...
by ThisTimeItsDifferent
Fri May 17, 2019 11:07 pm
Forum: Personal Investments
Topic: ibonds and 529
Replies: 8
Views: 1108

Re: ibonds and 529

Thanks for the discussion! The original example may have been an extreme case. It seems like if you already have a 529, have already made contributions to it, have a beneficiary likely to use it for college, have a beneficiary actually use some of it for college, and there is some left over, then ev...
by ThisTimeItsDifferent
Fri May 17, 2019 4:33 pm
Forum: Personal Investments
Topic: ibonds and 529
Replies: 8
Views: 1108

Re: ibonds and 529

Thanks for the information, that while the individual operations are as I thought, performing them together might be problematic, at least in the absence of other 529 contributions and or distributions. I'm not sure I (or anyone) understand what qualifies as a step transaction or substance over form...
by ThisTimeItsDifferent
Fri May 17, 2019 12:41 am
Forum: Personal Investments
Topic: ibonds and 529
Replies: 8
Views: 1108

ibonds and 529

I understand that one can redeem tax deferred i-bonds and, if one meets the income limits, put the proceeds in a 529 and deduct the i bond interest, effectively making the interest non-taxable. I also understand that one can withdraw from a 529 for non-educational expenses and pay taxes and a 10% pe...
by ThisTimeItsDifferent
Wed Apr 10, 2019 3:36 pm
Forum: Personal Investments
Topic: Digits of precision in Vanguard transactions
Replies: 10
Views: 703

Re: Digits of precision in Vanguard transactions

*Edit: jhfenton replied at the same time. I decided to keep my post even though we're making the same point. From my example earlier, buying $240 worth of VTSAX at $71.99/share, how many shares do I own? 24000/7199 is not a rational number. Um. :D In mathematics, a rational number is any number tha...
by ThisTimeItsDifferent
Sun Apr 07, 2019 11:40 am
Forum: Personal Finance (Not Investing)
Topic: "Worried about being pushed into 'higher tax bracket' "
Replies: 25
Views: 2255

Re: "Worried about being pushed into 'higher tax bracket' "

https://www.kitces.com/blog/long-term-capital-gains-bump-zone-higher-marginal-tax-rate-phase-in-0-rate/ Also, as Kitces mentions in the link, the tax bracket or marginal income tax rate does not ecessarily equal the final effective marginal rate. Every extra dollar of marginal regular income can cr...
by ThisTimeItsDifferent
Tue Mar 05, 2019 11:18 am
Forum: Personal Finance (Not Investing)
Topic: After Tax 401k in service withdrawal vs distribution?
Replies: 2
Views: 288

After Tax 401k in service withdrawal vs distribution?

Is there a difference between an Ater Tax 401k in-service withdrawal and distribution (for purposes of a Mega Backdoor Roth)? Are they different words for the same thing? Can both be done through a direct trustee transfer or through a 60 day rollover? Do they both require the 20% withholding, unless...
by ThisTimeItsDifferent
Tue Feb 19, 2019 10:34 pm
Forum: Investing - Theory, News & General
Topic: Vanguard 529 Age based plans
Replies: 1
Views: 325

Vanguard 529 Age based plans

Vanguard shows its current age based plans here: https://investor.vanguard.com/529-plan/ ... ed-options.
It shows the old age based plans here: https://investor.vanguard.com/college-s ... ed-options.
by ThisTimeItsDifferent
Tue Feb 12, 2019 10:24 pm
Forum: Personal Investments
Topic: still contribute to IRA even if it is not pretax?
Replies: 16
Views: 1604

Re: still contribute to IRA even if it is not pretax?

Can you roll over your IRA into your 401k? That would allow you to do the backdoor Roth without paying taxes. That said, if your 401 has high fees, it may not be a good idea. Then again, what are the fees you're paying "your broker" to manage your investments (including, I assume, your Roth)? great...
by ThisTimeItsDifferent
Wed Feb 06, 2019 2:02 pm
Forum: Personal Investments
Topic: 403b Funds tragically changing - How to approximate Total Market
Replies: 5
Views: 173

Re: 403b Funds tragically changing - How to approximate Total Market

IMHO, Fidelity® 500 Index Fund Ticker: FXAIX Gross expense ratio: 0.015% sounds like a great option suitable for all of the equity side of one's asset allocation, at least the domestic equity side.
by ThisTimeItsDifferent
Sun Feb 03, 2019 6:47 am
Forum: Personal Consumer Issues
Topic: Choosing an electric company in Texas
Replies: 16
Views: 1249

Re: Choosing an electric company in Texas

The site http://www.mytruecost.com run by the non regulated part of Centerpoint analyzes your historical usage and shows the costs of providers based on that. The site https://www.smartmetertexas.com/CAP/public/ also run by Centerpoint also shows usage but is run by the regulated part of Centerpoint...
by ThisTimeItsDifferent
Fri Jan 25, 2019 8:17 pm
Forum: US Chapters
Topic: Happy Birthday, Taylor!
Replies: 76
Views: 4513

Re: Happy Birthday, Taylor!

Happy birthday!
by ThisTimeItsDifferent
Fri Jan 18, 2019 11:50 am
Forum: Personal Investments
Topic: 2019 Backdoor Roth limit when turning 50
Replies: 5
Views: 438

Re: 2019 Backdoor Roth limit when turning 50

If you turn 50 on January 1, can you contribute the catch up amount in the calendar year before your birthday as common law and social security consider one to be that age on the day before the birthday? They count the day of one's birth and the current day even if they are partial days so if one is...
by ThisTimeItsDifferent
Tue Jan 15, 2019 5:27 pm
Forum: Personal Consumer Issues
Topic: School staff threatened to call social worker
Replies: 54
Views: 2946

Re: School staff threatened to call social worker

Withdraw from the school at the beginning of the trip then re-enroll on returning?
by ThisTimeItsDifferent
Mon Dec 31, 2018 9:13 am
Forum: Personal Investments
Topic: (Another...) TLH Tax Loss Harvesting question T Rowe Price
Replies: 4
Views: 401

Re: (Another...) TLH Tax Loss Harvesting question T Rowe Price

Thanks livesoft. I think you are right that it is not feasible this year as it is the last day. I don't want to take the chance of losing the capital loss tax savings permanently due to basis being assigned to the IRA sales. Your expertise is always appreciated. In general, does the IRS treat sales ...
by ThisTimeItsDifferent
Mon Dec 31, 2018 2:40 am
Forum: Personal Investments
Topic: (Another...) TLH Tax Loss Harvesting question T Rowe Price
Replies: 4
Views: 401

(Another...) TLH Tax Loss Harvesting question T Rowe Price

I am (or may be) helping someone with TLH Tax Loss Harvesting at T Rowe Price. The investor (unfortunately) has the same T Rowe Price mutual fund in a taxable account and an IRA and (unfortunately) has dividend/gain reinvestment enabled in the IRA and (unfortunately) this IRA mutual fund had a relat...
by ThisTimeItsDifferent
Fri Dec 07, 2018 5:53 pm
Forum: Personal Finance (Not Investing)
Topic: Unexpectedly subjected to my first Edward Jones sales-pitch...
Replies: 15
Views: 1810

Re: Unexpectedly subjected to my first Edward Jones sales-pitch...

Could you inform the people who set that up? It sounds like he was violating what should have been the standards for those potential employers who should have been there.
by ThisTimeItsDifferent
Mon Nov 26, 2018 4:16 pm
Forum: Personal Investments
Topic: 401K Retirement Catch Up Year, Maybe???
Replies: 6
Views: 623

Re: 401K Retirement Catch Up Year, Maybe???

I read the law considers one reaching an age the day before that birthday, so if one were born on January 1, then one would reach age 50 on December 31 of the previous year. One could make catch up contributions for that whole previous year. For social security, "Age means how many years old you are...
by ThisTimeItsDifferent
Sun Nov 25, 2018 10:56 pm
Forum: Personal Investments
Topic: Converting after tax contributions to a roth 401k
Replies: 25
Views: 1213

Re: Converting after tax contributions to a roth 401k

I guess one possible advantage of rolling the after tax 401k contribution to a Roth IRA rather than to the Roth 401k is that one can withdraw the already taxed basis from the Roth IRA, subject to the 5 year rules, without leaving the company. One might not be permitted to take an in service distribu...
by ThisTimeItsDifferent
Fri Nov 09, 2018 10:15 am
Forum: Investing - Theory, News & General
Topic: Harvesting 529 gains
Replies: 8
Views: 752

Re: Harvesting 529 gains

Thanks, that may be an even better idea. I'm not sure If I can own two with the same beneficiary under the same plan but will check that out. I could have my wife be the owner of the new 529s. Thats why I love this site, always learning! http://rpgplanner.com/smart-tax-planning-529-college-savings-...
by ThisTimeItsDifferent
Tue Nov 06, 2018 11:42 pm
Forum: Personal Finance (Not Investing)
Topic: US I-bonds to 529 plan/ Tax question
Replies: 8
Views: 1495

Re: US I-bonds to 529 plan/ Tax question

Oddly the 8815 form doesn't mention 529s. The instructions for line 1, column b tell you what to enter here if this is a QTP (Qualified Tuition Program). Does the 529 rollover need to happen the same year you spend on the educational expenses just as if you're using the bonds directly for education...
by ThisTimeItsDifferent
Tue Nov 06, 2018 5:30 pm
Forum: Investing - Theory, News & General
Topic: I Bond fixed rate = 0.5%
Replies: 90
Views: 10000

Re: I Bond fixed rate = 0.5%

Are not TIPS yielding (real) more than 1%? Why buy IBonds? Doesn't one have to pay income tax on imputed income each year for TIPS, but not iBonds? Right, however it takes a lot of time, and/or higher 'taxflation' on TIPS, and/or a drop in tax bracket in the future to make up the whole difference b...
by ThisTimeItsDifferent
Sun Nov 04, 2018 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: Attorney vs Willmaker for simple estate planning
Replies: 6
Views: 875

Re: Attorney vs Willmaker for simple estate planning

I've been disappointed with Arag. The Arag lawyers I have found have not been familiar with stretch distributions in trusts. I feel like I have wasted my Arag subscription fees. It's not reasonable to expect that for the price the original poster mentioned, or even at that price with another zero a...
by ThisTimeItsDifferent
Sun Nov 04, 2018 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: Attorney vs Willmaker for simple estate planning
Replies: 6
Views: 875

Re: Attorney vs Willmaker for simple estate planning

I've been disappointed with Arag. The Arag lawyers I have found have not been familiar with stretch distributions in trusts.I feel like I have wasted my Arag subscription fees.
by ThisTimeItsDifferent
Thu Nov 01, 2018 10:13 pm
Forum: Investing - Theory, News & General
Topic: I Bond fixed rate = 0.5%
Replies: 90
Views: 10000

Re: I Bond fixed rate = 0.5%

Are not TIPS yielding (real) more than 1%? Why buy IBonds? Doesn't one have to pay income tax on imputed income each year for TIPS, but not iBonds? Are TIPS marketable, meaning that selling them before maturity would be at a market price which may be for more or less than their purchase price and i...
by ThisTimeItsDifferent
Thu Nov 01, 2018 3:14 pm
Forum: Investing - Theory, News & General
Topic: I Bond fixed rate = 0.5%
Replies: 90
Views: 10000

Re: I Bond fixed rate = 0.5%

One could use the 529 shuffle to provide for tax free maturity for education expenses of up to 2 generations away.
by ThisTimeItsDifferent
Mon Oct 29, 2018 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 630
Views: 72550

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

Ally told me in chat (and I got the transcript afterward):
Providing that you have received an email confirming your enrollment for the bonus, and the new deposits are in your account by November 5th, you will still receive the bonus.
by ThisTimeItsDifferent
Sun Oct 28, 2018 12:12 pm
Forum: Personal Investments
Topic: Exempting interest on EE bonds with 529 Plan
Replies: 3
Views: 384

Re: Exempting interest on EE bonds with 529 Plan

Wasn't there a discussion recently about putting maturing I or EE bonds into a 529 for yourself as beneficiary then transferring beneficiary to your adult child who could then use it for his/her child (or niece in that specific thread)?

viewtopic.php?t=258148
by ThisTimeItsDifferent
Sat Oct 13, 2018 7:47 am
Forum: Personal Finance (Not Investing)
Topic: Can a US citizen be a resident of NO state?
Replies: 61
Views: 20410

Re: Can a US citizen be a resident of NO state?

Would a child born overseas to parents who are american citizens be a citizen of any state or no state? I would think s/he would be a citizen of no state. A person born abroad in wedlock to a U.S. citizen mother and a U.S. citizen father acquires U.S. citizenship at birth under section 301(c) of the...
by ThisTimeItsDifferent
Fri Oct 05, 2018 10:17 pm
Forum: Investing - Theory, News & General
Topic: T. Rowe Price brokerage account
Replies: 4
Views: 639

Re: T. Rowe Price brokerage account

Apparently, individual bonds can only be purchased by phone not online at the T Rowe Price brokerage
by ThisTimeItsDifferent
Fri Sep 21, 2018 11:06 am
Forum: Personal Finance (Not Investing)
Topic: Estate Planning Attorney Says Putting tIRA in a Revocable Trust is "Complicated" - True?
Replies: 45
Views: 3435

Re: Estate Planning Attorney Says Putting tIRA in a Revocable Trust is "Complicated" - True?

I met with an estate planning attorney this week, and mentioned that a significant portion of my assets are in trad and Roth IRAs, and that I'd want them to be included in a revocable trust. She seemed a bit taken aback by this - she said this is "complicated". Is that right? Has anyone here experi...
by ThisTimeItsDifferent
Sun Aug 19, 2018 10:27 pm
Forum: Personal Finance (Not Investing)
Topic: Leave an IRA through a Trust?
Replies: 22
Views: 4214

Re: Leave an IRA through a Trust?

Our attorney mentioned this. He indicated they were rather complex and expensive to set up, ..... They're not expensive to set up. You just need some extra provisions in your Will saying that any IRA benefits payable in trust for a beneficiary are held in a separate trust, having the same terms as ...
by ThisTimeItsDifferent
Sun Aug 19, 2018 10:20 pm
Forum: Personal Finance (Not Investing)
Topic: Trust as Beneficiary OF ROTH and Traditional IRA
Replies: 18
Views: 1792

Re: Trust as Beneficiary OF ROTH and Traditional IRA

It would be easier to name a trust for child A as the beneficiary of 50% and a trust for child B as the beneficiary of 50%. Alternatively, you could name a trust for child A as the beneficiary of the traditional and a trust for child B as the beneficiary of the Roth (with appropriate adjustments ei...
by ThisTimeItsDifferent
Fri Aug 17, 2018 7:28 am
Forum: Investing - Theory, News & General
Topic: Vanguard Switch to Brokerage Accounts
Replies: 60
Views: 10968

Re: Vanguard Switch to Brokerage Accounts

Something I really want is the abilities to have direct deposit directly into a Vanguard mutual fund. My pay is not constant, so my plan is divert 10% into the house fund. My employer will allow this. Vanguard told me I could do this with a brokerage account. Not true. You can only direct deposit i...
by ThisTimeItsDifferent
Fri Jul 20, 2018 12:51 pm
Forum: Personal Consumer Issues
Topic: Best way to setup/configure Echo Spots for the kids
Replies: 2
Views: 205

Re: Best way to setup/configure Echo Spots for the kids

It would be nice if Amazon Echo free time allowed one to white list external contacts.
by ThisTimeItsDifferent
Tue Jun 19, 2018 8:18 am
Forum: Investing - Theory, News & General
Topic: I-bonds look pretty bad right now
Replies: 92
Views: 13188

Re: I-bonds look pretty bad right now

If CD interest rates were that high because inflation was almost that high, then one was worse off because taxes are on the nominal, not real, gain. I'd rather have inflation of 0% and nominal interest rate rates of 1%, than inflation of 13% and interest returns of 15%. After taxes, even at just a 1...
by ThisTimeItsDifferent
Fri Jun 01, 2018 10:29 am
Forum: Personal Investments
Topic: Tax loss harvesting. Most similar fund to VTI
Replies: 15
Views: 2256

Re: Tax loss harvesting. Most similar fund to VTI

The criterion for a wash sale is "substantially identical" not "substantially similar."

https://www.sec.gov/answers/wash.htm
by ThisTimeItsDifferent
Thu May 31, 2018 10:45 am
Forum: Personal Finance (Not Investing)
Topic: "Reversing" 401k to get match at new job?
Replies: 20
Views: 2155

Re: "Reversing" 401k to get match at new job?

Regulation is one thing but In practice, IRS expects the excess contribution to be returned. https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-what-happens-when-an-employee-has-elective-deferrals-in-excess-of-the-limits It might help if the link you provided actually ...
by ThisTimeItsDifferent
Tue May 15, 2018 5:25 pm
Forum: US Chapters
Topic: Yes, I'm 89 all right! [Jack Bogle]
Replies: 126
Views: 14819

Re: Yes, I'm 89 all right! [Jack Bogle]

Thank you Sir!
by ThisTimeItsDifferent
Sat Apr 07, 2018 9:36 am
Forum: Personal Finance (Not Investing)
Topic: yet another bonds in 401k thread...
Replies: 2
Views: 463

Re: yet another bonds in 401k thread...

I eventually created a spreadsheet to compare Roth vs. taxable for bonds vs. stocks, with taxable being tax deferred, like long term capital gains, vs. annually taxed like bond dividends. My input parameters were annual returns for stiocks and bonds, bond (income) and stock ltcg tax rates, and numbe...
by ThisTimeItsDifferent
Fri Apr 06, 2018 10:20 pm
Forum: Personal Finance (Not Investing)
Topic: Car was totaled, next steps?
Replies: 18
Views: 1349

Re: Car was totaled, next steps?

You have "Nobel" Prize in Economics honorees on your side. Unfortunately, the "market for lemons" means that the cars for sale are worse than the cars that continue to be owned (or would have been continued to be owned if not totaled in an accident). Therefore, even the average price or FMV for a us...
by ThisTimeItsDifferent
Fri Feb 23, 2018 11:36 am
Forum: Personal Investments
Topic: Financial proposal from Adviser
Replies: 37
Views: 4122

Re: Financial proposal from Adviser

He's not an advisor. He's a salesperson. There's nothing wrong with salespeople, but don't think he's an advisor. The guy at the car dealer is a salesperson too. There's nothing wrong with that but I wouldn't think him acting in your best interest either.
by ThisTimeItsDifferent
Fri Feb 23, 2018 11:12 am
Forum: Personal Investments
Topic: Financial proposal from Adviser
Replies: 37
Views: 4122

Re: Financial proposal from Adviser

They just want to get commissions/loads/fees i.e. money from you. I'm sure that is a projected return not guaranteed. Will that advisor or office still be in business in 20 years? Mathematically, that is a 7.2% average annual gain. Certainly you should do better by avoiding their fees. A 4x gain aft...