Search found 194 matches

by ThisTimeItsDifferent
Tue Feb 06, 2018 11:19 am
Forum: Personal Finance (Not Investing)
Topic: Taxes on lawsuit settlement
Replies: 5
Views: 773

Re: Taxes on lawsuit settlement

Isn't there also an AMT issue such that you must declare all the income but AMT limits what you can deduct on legal fees, possibly leaving you with a negative final result?
by ThisTimeItsDifferent
Wed Jan 31, 2018 12:37 pm
Forum: Investing - Help with Personal Investments
Topic: How do I open a nondeductible IRA
Replies: 24
Views: 965

Re: How do I open a nondeductible IRA

Wait, have I made a big mistake? I’ve been contributing to nondeductible IRAs for the past ~6 years for my wife and myself. What is the big deal with this form 8606 you mention? Should I roll over to a Roth and just eat the capital gains taxes? My wife and I are both high earners in our 30s if it m...
by ThisTimeItsDifferent
Tue Jan 30, 2018 6:11 pm
Forum: Investing - Help with Personal Investments
Topic: 2 Basic Questions from a newbie
Replies: 13
Views: 1100

Re: 2 Basic Questions from a newbie

Hello All, I'm seeking some advice and answers to some basic questions. I'm a young guy who is looking to start investing. I've been reading the wiki and Bogle's books and articles (amongst others') and seem to be convinced this is the course I want to pursue. Question 1: A hypothetical example: if...
by ThisTimeItsDifferent
Fri Jan 12, 2018 12:38 pm
Forum: Personal Consumer Issues
Topic: House water detection and alert system?
Replies: 41
Views: 2620

Re: House water detection and alert system?

Would one want a shutoff valve both on the incoming house supply and on the output of the hot water tank? If the shutoff valve is only on the incoming supply, then a leak in a hot water line could still result in the 50+ gallons of the water from the hot water tank leaking and the water heater burni...
by ThisTimeItsDifferent
Tue Jan 09, 2018 5:09 pm
Forum: Investing - Help with Personal Investments
Topic: Maybe not a win for teachers/I need some advice
Replies: 46
Views: 2853

Re: Maybe not a win for teachers/I need some advice

KESP wrote:
Tue Jan 09, 2018 4:26 pm


I just switched my money from Aspire to AXA.
Don't you mean from AXA to Aspire?
by ThisTimeItsDifferent
Thu Jan 04, 2018 4:43 pm
Forum: Investing - Theory, News & General
Topic: Vanguard takes 2 days to settle tIRA funding?
Replies: 22
Views: 1528

Re: Vanguard takes 2 days to settle tIRA funding?

and now it takes 7 days for the funds to be available in the tIRA brokerage account when moved in from a bank account ACH before one can convert it to a Roth. I don't think it was like that last year....
by ThisTimeItsDifferent
Thu Jan 04, 2018 3:44 pm
Forum: Investing - Help with Personal Investments
Topic: Help Me Understand Vanguard Holding Period for transferred in Money
Replies: 20
Views: 1003

Re: Help Me Understand Vanguard Holding Period for transferred in Money

Can one still skip the 7 day wait if one is doing a backdoor Roth? Should one put the money into the final destination fund in the original tIRA to do that? Would the Roth conversion be allowed earlier than 7 days in that case?
by ThisTimeItsDifferent
Wed Dec 13, 2017 11:06 pm
Forum: Investing - Help with Personal Investments
Topic: Edward Jones Guided Solutions - Spouse is Employee
Replies: 37
Views: 2937

Re: Edward Jones Guided Solutions - Spouse is Employee

I think mutual fund accounts do not fall under FINRA rules. Unfortunately, Vanguard will not open new mutual fund accounts I believe. Do other companies like Fidelity or Schwab?
by ThisTimeItsDifferent
Sun Nov 12, 2017 9:18 pm
Forum: Personal Finance (Not Investing)
Topic: Use or Lose $850 from Limited Expense FSA
Replies: 36
Views: 1993

Re: Use or Lose $850 from Limited Expense FSA

Orthodontia may be covered based on the date of billing not the date of service so you could pay the whole amount at the first visit.
by ThisTimeItsDifferent
Sat Oct 14, 2017 7:37 pm
Forum: Personal Finance (Not Investing)
Topic: Dependent Care Reimbursement
Replies: 3
Views: 480

Re: Dependent Care Reimbursement

My plan allows changes mid year. Some mid-year changes permitted. In addition to the life events like marriage, divorce, legal separation, birth of a child, adoption of a child and change in tax dependents that may impact your need for care or the cost of care, the cost of coverage rules permit chan...
by ThisTimeItsDifferent
Fri Oct 13, 2017 2:13 pm
Forum: Personal Consumer Issues
Topic: WiFi [extender]
Replies: 57
Views: 5385

Re: WiFi [extender]

How about a powerline wifi extender? It would use the house power wiring to carry the data from the powerline adaper connected to the router to the powerline wifi extender providing wifi at that remote area.
by ThisTimeItsDifferent
Fri Sep 15, 2017 11:10 pm
Forum: Investing - Help with Personal Investments
Topic: Should I dump (W)Hole Life Insurance and Variable Insurance
Replies: 14
Views: 1286

Re: Should I dump (W)Hole Life Insurance and Variable Insurance

1035 exchange to a variable annuity and the deduct the loss?
by ThisTimeItsDifferent
Fri Jun 30, 2017 8:08 am
Forum: Investing - Help with Personal Investments
Topic: Lackluster ESPP worth contributing?
Replies: 9
Views: 883

Re: Lackluster ESPP worth contributing?

Can you enroll in the plan and just before the end of the 6 month term if you see that the price has declined since the start date when the purchase price was established at the 15% discount, disenroll and get a return of your contributions?
by ThisTimeItsDifferent
Fri Jun 02, 2017 9:21 am
Forum: Personal Consumer Issues
Topic: Has anyone purchased a car from Carvana.com?
Replies: 29
Views: 16703

Re: Has anyone purchased a car from Carvana.com?

+1 on carvana being a convenient painless way to buy a good used car. The 7 day full return policy is nice too, especially if you are buying a different type of vehicle than you've had before.
by ThisTimeItsDifferent
Tue May 23, 2017 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: [Wiki] - Pro-rata rule impact on Roth IRA recharacterization
Replies: 30
Views: 2439

Re: [Wiki] - Pro-rata rule impact on Roth IRA recharacterization

Furthermore, Vanguard uses the date of the recharacterization to determine the dollar amount needed to recharacterize but then uses the NEXT day closing values to satisfy the recharacterization requirement. If there is a large drop on that NEXT day, they money from another account to satisfy the req...
by ThisTimeItsDifferent
Mon May 22, 2017 9:47 pm
Forum: Personal Finance (Not Investing)
Topic: [Wiki] - Pro-rata rule impact on Roth IRA recharacterization
Replies: 30
Views: 2439

Re: [Wiki] - Pro-rata rule impact on Roth IRA recharacterization

Also, at least for Vanguard Mutual fund accounts, Vanguard has sub accounts that are separate lines on the statement but are treated as one account for purposes of Roth characterization. The first through third level support there has no idea about this both when doing the conversion and when doing ...
by ThisTimeItsDifferent
Tue May 09, 2017 2:05 pm
Forum: Investing - Help with Personal Investments
Topic: 401K rollover assistance
Replies: 7
Views: 666

Re: 401K rollover assistance

I'm in the area of 100K and in no rush to rollover. I'm meeting with a friend next week - who is a financial adviser and free - to discuss options. My book arrived today so I'll start reading that. The IRA Wiki had some interesting information. I'm not in a financial bind and have no desire or plan...
by ThisTimeItsDifferent
Wed Apr 19, 2017 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: Should I cancel my whole life policy?
Replies: 80
Views: 10216

Re: Need help with whole life

Can you at least do a "1035" exchange to some much lower cost investment (like a low cost variable annuity at Vanguard) so at least the 12k loss reduces your basis in that alternative, and almost any alternative investment would better? Or if you have only had it for 2 months, could you attempt to r...
by ThisTimeItsDifferent
Wed Apr 12, 2017 8:47 pm
Forum: Personal Consumer Issues
Topic: Week in San Diego - What to do?
Replies: 35
Views: 2916

Re: Week in San Diego - What to do?

Get a San Diego Go card which includes many park admissions at a large discount.
by ThisTimeItsDifferent
Tue Apr 04, 2017 3:04 pm
Forum: Personal Finance (Not Investing)
Topic: Does your employer let you cash out your Vacation and/or Sick time upon leaving the company?
Replies: 56
Views: 4744

Re: Does your employer let you cash out your Vacation and/or Sick time upon leaving the company?

No cash out of accrued but untaken vacation, but they will subtract from the last pay check any vacation that was taken but not yet accrued. :(
by ThisTimeItsDifferent
Mon Mar 27, 2017 8:39 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth w/existing IRA with 50 dollars in it
Replies: 5
Views: 332

Re: Backdoor Roth w/existing IRA with 50 dollars in it

Fidelity will not charge you a $50 to convert a Fidelity tIRA to a Fidelity Roth IRA. I contribute to a non-deductible tIRA at Fidelity annually and subsequently convert it to Roth after a few days. I'm never charged a fee, and I keep my tIRA account open with a $0 balance. If I were you, I'd just ...
by ThisTimeItsDifferent
Wed Mar 22, 2017 8:14 pm
Forum: Investing - Help with Personal Investments
Topic: Very Sad - Loss of Backdoor Roth IRA all these years
Replies: 19
Views: 5349

Re: Very Sad - Loss of Backdoor Roth IRA all these years

Thank you, I feel better now Backdoor contributions to a Roth IRA have not been available for 10+ years. Prior to 2010 one had to have a modified adjusted gross income for Roth IRA purposes of not more than $100,000 to do a traditional IRA to Roth IRA conversion. True, but for a few years before 20...
by ThisTimeItsDifferent
Sat Mar 11, 2017 11:22 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth 401k - Franklin Templeton - What would you do?
Replies: 3
Views: 424

Re: Backdoor Roth 401k - Franklin Templeton - What would you do?

I would guess you would want to sell those funds to cash at Franklin but keep that cash in the IRA, then do the custodian to custodian transfer, but you'd want to see where it is cheaper to sell them, there or at Vanguard. On the other hand, if those can even transfer to Vanguard, then selling them ...
by ThisTimeItsDifferent
Wed Mar 08, 2017 10:02 pm
Forum: Investing - Help with Personal Investments
Topic: Possible to reinvest this annuity?
Replies: 8
Views: 731

Re: Possible to reinvest this annuity?

If the minimum guaranteed rate is 2.65%, might you want to keep that as a bond/cd/cash equivalent part of your asset allocation, if you need space there? That's assuming the 2.65% is real and not just a gain on some fictitious amount that you cannot actually take out, and considering all the other p...
by ThisTimeItsDifferent
Tue Mar 07, 2017 6:30 pm
Forum: Investing - Theory, News & General
Topic: What is the difference between Total Return and SP500 index?
Replies: 51
Views: 4821

Re: What is the difference between Total Return and SP500 index?

Since the discussion diverged to dividends and I think has been thoroughly explained, would anyone like to discuss Vanguard's method to minimize distributed capital gains in taxable accounts? https://www.google.com/patents/US6879964 which is irrelevant in tax advantaged accounts like IRA and 401k ac...
by ThisTimeItsDifferent
Tue Mar 07, 2017 3:54 pm
Forum: Investing - Theory, News & General
Topic: What is the difference between Total Return and SP500 index?
Replies: 51
Views: 4821

Re: What is the difference between Total Return and SP500 index?

Maybe not "wrong", but probably he misspoke or his wording wasn't clear. Which is the kiss of death in these kind of threads. Thanks for clarifying. I should have said the SP500 funds "distribute" the dividends not that they "include" them. I was trying to distinguish them from alternative financia...
by ThisTimeItsDifferent
Tue Mar 07, 2017 11:39 am
Forum: Investing - Theory, News & General
Topic: What is the difference between Total Return and SP500 index?
Replies: 51
Views: 4821

Re: What is the difference between Total Return and SP500 index?

The S&P 500 index tracks the combined market value of the 500 stocks in the S&P 500 index. The S&P 500 Total Return index tracks the return of these 500 stocks with dividends reinvested: https://finance.yahoo.com/quote/%5ESP500TR The difference between the SP500 and the SP500 total return (i.e. wit...
by ThisTimeItsDifferent
Tue Mar 07, 2017 11:05 am
Forum: Investing - Theory, News & General
Topic: What is the difference between Total Return and SP500 index?
Replies: 51
Views: 4821

Re: What is the difference between Total Return and SP500 index?

The S&P 500 index tracks the combined market value of the 500 stocks in the S&P 500 index. The S&P 500 Total Return index tracks the return of these 500 stocks with dividends reinvested: https://finance.yahoo.com/quote/%5ESP500TR The difference between the SP500 and the SP500 total return (i.e. wit...
by ThisTimeItsDifferent
Mon Mar 06, 2017 9:06 pm
Forum: Investing - Help with Personal Investments
Topic: Helping my MIL figure out her holdings (Success! at least mostly)
Replies: 47
Views: 5144

Re: Helping my MIL figure out her holdings (no idea where)

I'm no expert on this but investopedia says that jointly held non-community property gets a cost basis step up only on half of it, but jointly held community property gets a cost basis step up on all of it.IRS publication 551 and 555 seem to say the same.
by ThisTimeItsDifferent
Mon Mar 06, 2017 8:56 pm
Forum: Investing - Help with Personal Investments
Topic: Helping my MIL figure out her holdings (Success! at least mostly)
Replies: 47
Views: 5144

Re: Helping my MIL figure out her holdings (no idea where)

Selling them would then bring up the cost basis. They got 40 something shares in 1995 (I have the details from the site). After that is just tons of dividends reinvested automatically:( I am not sure if you were asking about the cost basis, but - The cost basis for half of the shares would be bumpe...
by ThisTimeItsDifferent
Tue Feb 28, 2017 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: Meeting with Life Insurance Salesmen
Replies: 32
Views: 2906

Re: Meeting with Life Insurance Salesmen

I would just like some hard hitting questions to spur conversation "What's the difference in your commission between a term life policy and an equivalent whole life policy?" for the same insurance benefit? What is the in-force illustration showing guaranteed values? I don't know. Talk with him on t...
by ThisTimeItsDifferent
Tue Feb 28, 2017 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: Meeting with Life Insurance Salesmen
Replies: 32
Views: 2906

Re: Meeting with Life Insurance Salesmen

Here is the question to ask him: Do you sell the cheapest term insurance that I can buy? And Why the eff do I need life insurance since I don't have any financial obligations and no dependents? (OK, don't ask this because he will have an answer for this question.) A former college acquaintance coul...
by ThisTimeItsDifferent
Tue Feb 28, 2017 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: Check Your Beneficiaries!
Replies: 56
Views: 6216

Re: Check Your Beneficiaries!

Let me give an example of "unintended consequences" of dependence on POD/TOD (ot other) beneficiary designations vs. will or truat. Suppose you have three children and have, say for example, $600,000 in accounts that, upon your death, should go to (or be used for the benefit of) children and/or the...
by ThisTimeItsDifferent
Sat Feb 25, 2017 2:52 pm
Forum: Investing - Help with Personal Investments
Topic: Can somebody please explain brokerage accounts at Vanguard?
Replies: 23
Views: 3336

Re: Can somebody please explain brokerage accounts at Vanguard?

Also, you cannot do many things between different accounts that are different types. You cannot convert a brokerage traditional IRA into a mutual fund Roth account or vice versa. You can only move a brokerage holding into an identical hollding and share class of a mutual fund accoint. However, a mu...
by ThisTimeItsDifferent
Sat Feb 25, 2017 1:32 pm
Forum: Investing - Help with Personal Investments
Topic: Can somebody please explain brokerage accounts at Vanguard?
Replies: 23
Views: 3336

Re: Can somebody please explain brokerage accounts at Vanguard?

Also, you cannot do many things between different accounts that are different types. You cannot convert a brokerage traditional IRA into a mutual fund Roth account or vice versa. You can only move a brokerage holding into an identical hollding and share class of a mutual fund account. However, a mut...
by ThisTimeItsDifferent
Fri Feb 24, 2017 10:43 am
Forum: Investing - Help with Personal Investments
Topic: Company merger, rolling 401K to IRA
Replies: 19
Views: 867

Re: Company merger, rolling 401K to IRA

If you roll it over to the new 401k instead of to an IRA, then you avoid the pro rata taxation of that deductible traditional IRA when doing a Roth conversion of non-deductible IRAs, the "backdoor Roth."

The new Vanguard 401k should have low ERs, maybe lower than IRAs.
by ThisTimeItsDifferent
Thu Feb 23, 2017 10:15 pm
Forum: Investing - Help with Personal Investments
Topic: In a bit of a pickle as executor with individual stocks
Replies: 15
Views: 1653

Re: In a bit of a pickle as executor with individual stocks

Sorry to hear about that. Whatever you do, be aware of the sunk cost fallacy or framing bias. It doesn't matter what the stocks were originally bought at, would you buy them if you had the cash equivalent? You don't even have the friction of having to pay taxes on realized gains locking you into the...
by ThisTimeItsDifferent
Wed Feb 15, 2017 12:12 pm
Forum: Investing - Theory, News & General
Topic: Beating the market through behavioral finance.
Replies: 51
Views: 4101

Re: Beating the market through behavioral finance.

Also, "the markets can stay irrational longer than you can stay solvent."
by ThisTimeItsDifferent
Sun Feb 12, 2017 9:40 am
Forum: Investing - Help with Personal Investments
Topic: Privatecollege529 vs Texas Prepaid Tuition
Replies: 4
Views: 582

Re: Privatecollege529 vs Texas Prepaid Tuition

Does anybody have or know the value history of the "transfer value" of the Texas Tuition Promise Fund? That is the amount that the tuition credits are worth if they are transferred out to anything but a Texas public college. " If your child attends a private or out of state college where tuition and...
by ThisTimeItsDifferent
Sun Feb 12, 2017 2:00 am
Forum: Personal Finance (Not Investing)
Topic: Recharacterizing Roth to tIRA...how accurate do you need to be?
Replies: 12
Views: 992

Re: Recharacterizing Roth to tIRA...how accurate do you need to be?

I hope the Roth to recharacterize is in a separate account. Otherwise, you may have unexpected and undesirable behavior.
by ThisTimeItsDifferent
Wed Jan 25, 2017 11:38 am
Forum: Local Chapters and Bogleheads Community
Topic: HAPPY 93RD BIRTHDAY, TAYLOR!
Replies: 199
Views: 11720

Re: HAPPY 93RD BIRTHDAY, TAYLOR!

++1 Happy Birthday, Taylor :sharebeer
by ThisTimeItsDifferent
Mon Jan 23, 2017 11:53 pm
Forum: Investing - Help with Personal Investments
Topic: New To The Backdoor Thing. Help Me Understand.
Replies: 11
Views: 1401

Re: New To The Backdoor Thing. Help Me Understand.

There are others much more expert than me on this, but as I understand it, you have to convert both the after tax contributions and their earnings, but you can convert the after tax contributions to a Roth IRA and the earnings on those after tax contributions to a traditional IRA which you can move ...
by ThisTimeItsDifferent
Mon Jan 23, 2017 11:35 pm
Forum: Investing - Help with Personal Investments
Topic: New To The Backdoor Thing. Help Me Understand.
Replies: 11
Views: 1401

Re: New To The Backdoor Thing. Help Me Understand.

I think you are asking about what is called the "mega backdoor Roth" not just "backdoor Roth." The two are quite different. The backdoor Roth does not directly involve a 401k plan at all. It just allows people who exceed the income limit to make a Roth IRA contribution, instead to make a non deducti...
by ThisTimeItsDifferent
Tue Jan 17, 2017 6:24 pm
Forum: Investing - Help with Personal Investments
Topic: When is a 401k not worth it?
Replies: 32
Views: 2677

Re: When is a 401k not worth it?

BlackRock S&P 500 Index Instl .11%

That's a great low ER with a legitimate low cost provider. Jump on it.
by ThisTimeItsDifferent
Tue Jan 17, 2017 11:00 am
Forum: Personal Finance (Not Investing)
Topic: IRS estimated payment - be careful of due date if paying online
Replies: 12
Views: 1850

Re: IRS estimated payment - be careful of due date if paying online

The IRS Directpay site says

"The payment date below is the date you will get credit for the payment. If your payment is due today, schedule the next business day for your payment to avoid penalties and interest."
by ThisTimeItsDifferent
Mon Jan 16, 2017 2:43 pm
Forum: Personal Consumer Issues
Topic: Streaming TV for Elderly Parents
Replies: 39
Views: 4929

Re: Streaming TV for Elderly Parents

Every year, one can call, get the new customer one year lower price, then at the end of the year start the service at that address with a new family member, and then repeat with the first person next time.
by ThisTimeItsDifferent
Thu Jan 12, 2017 5:59 pm
Forum: Investing - Help with Personal Investments
Topic: [Help Evaluating Legal & General S&P 500® Collective Investment Trust Fund Class A]
Replies: 16
Views: 2785

[Help Evaluating Legal & General S&P 500® Collective Investment Trust Fund Class A]

I was pretty irritated and was going to transfer the assets to my Brokeragelink account but then I found the ER is 0.01% https://nb.fidelity.com/public/nb/bannerhealth/fundDetail?fundId=OZ0E&planId=57621 And this is what a Collective Investment Trust is: http://www.investopedia.com/terms/c/collecti...
by ThisTimeItsDifferent
Sat Jan 07, 2017 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: New Roth IRA account for backdoor Roth?
Replies: 12
Views: 867

Re: New Roth IRA account for backdoor Roth?

Even without taxes, using a separate new Roth account to hold the conversion can still be useful. If there is a loss after the conversion, a separate Roth allows you more easily to recharacterize back to a tIRA, get a return of contribution from the tIRA of the current, lower, balance, and then put...
by ThisTimeItsDifferent
Sat Jan 07, 2017 5:37 pm
Forum: Personal Finance (Not Investing)
Topic: New Roth IRA account for backdoor Roth?
Replies: 12
Views: 867

Re: New Roth IRA account for backdoor Roth?

Even without taxes, using a separate new Roth account to hold the conversion can still be useful. If there is a loss after the conversion, a separate Roth allows you more easily to recharacterize back to a tIRA, get a return of contribution from the tIRA of the current, lower, balance, and then put ...