Search found 222 matches

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: 1600

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: Investing - Help with Personal Investments
Topic: 401K Retirement Catch Up Year, Maybe???
Replies: 6
Views: 538

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: Investing - Help with Personal Investments
Topic: Converting after tax contributions to a roth 401k
Replies: 25
Views: 1113

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: 666

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: 1331

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: 86
Views: 7789

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: 732

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: 732

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: 86
Views: 7789

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: 86
Views: 7789

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: 493
Views: 49470

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: Investing - Help with Personal Investments
Topic: Exempting interest on EE bonds with 529 Plan
Replies: 3
Views: 358

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: 18251

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: 527

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: 3315

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: 3998

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: 1633

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: 6609

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: 175

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: 11891

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: Investing - Help with Personal Investments
Topic: Tax loss harvesting. Most similar fund to VTI
Replies: 15
Views: 1346

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: 1726

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
Sat Apr 07, 2018 9:36 am
Forum: Personal Finance (Not Investing)
Topic: yet another bonds in 401k thread...
Replies: 2
Views: 405

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: 1150

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: Investing - Help with Personal Investments
Topic: Financial proposal from Adviser
Replies: 37
Views: 3966

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: Investing - Help with Personal Investments
Topic: Financial proposal from Adviser
Replies: 37
Views: 3966

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...
by ThisTimeItsDifferent
Tue Feb 06, 2018 11:19 am
Forum: Personal Finance (Not Investing)
Topic: Taxes on lawsuit settlement
Replies: 5
Views: 1003

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: 1456

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: 1364

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: 3336

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: 3310

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: 1772

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: 1329

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: 3716

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: 2600

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: 582

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: 6419

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: 1532

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: 1183

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: 20926

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: 2844

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: 2844

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: 781

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: 11686

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: 3431

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: 5969

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: 413

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 ...