Search found 186 matches

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: 1681

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: 418

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: 56
Views: 4567

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: 1143

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: 788

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: 14446

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: 2289

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: 2289

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: 610

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: 9683

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: 2687

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: 4357

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: 292

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: 5137

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: 380

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: 677

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: 4619

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: 4619

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 ...
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: 4619

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: m The difference between the SP500 and the SP500 total return (i.e. with dividends) is about 50% ove...
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: 4619

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: m The difference between the SP500 and the SP500 total return (i.e. with dividends) is about 50% ove...
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: 4931

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: 4931

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: 2764

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 wit...
by ThisTimeItsDifferent
Tue Feb 28, 2017 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: Meeting with Life Insurance Salesmen
Replies: 32
Views: 2764

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: 6050

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 ...
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: 3126

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: 3126

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: 766

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: 1564

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: 3897

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: 528

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 wh...
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: 915

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: 11064

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: 1346

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: 1346

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 t...
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: 2568

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: 1722

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: 4099

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: 2255

[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% m And this is what a Collective Investment Trust is: m I'll admit my ignorance and am going to start reading. What do you guys think about this investment? Jason Very Nice. The t...
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: 798

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: 798

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
Fri Dec 16, 2016 10:00 am
Forum: Investing - Theory, News & General
Topic: Why should one invest in 401k to mathcing, then Roth IRA, then back to 401k?
Replies: 29
Views: 3165

Re: Why should one invest in 401k to mathcing, then Roth IRA, then back to 401k?

I think it is also about tax diversification. You can have some pre tax (traditional 401k) and some post tax (Roth) assets available and can choose from which to withdraw depending on your income tax situation any particular year and as a hedge against possible higher future tax rates or tax law cha...
by ThisTimeItsDifferent
Fri Dec 09, 2016 3:14 pm
Forum: Personal Consumer Issues
Topic: Advice on Medical Alert System
Replies: 15
Views: 1094

Re: Advice on Medical Alert System

While watching a TV ad for one of these alert systems, what occurred to me is just how emergency assistance folks could access the residence - if the person cannot let them in? Break down the front door? The resident usually puts a key storage combination lock on the door and the monitoring company...
by ThisTimeItsDifferent
Mon Sep 05, 2016 8:28 pm
Forum: Investing - Help with Personal Investments
Topic: Got [a bad deal] on muni bonds
Replies: 66
Views: 6885

Re: Got [a bad deal] on muni bonds

A senior citizen friend bought a new issue 4% coupon 30 year long municipal bond at par at Edward Jones and paid a 5% commission. There goes over a year of interest. At the friend's marginal tax rate, I doubt it was a great choice at any commission. I was asked for advice about it afterwards.... It...
by ThisTimeItsDifferent
Fri Sep 02, 2016 8:56 pm
Forum: Investing - Help with Personal Investments
Topic: Got [a bad deal] on muni bonds
Replies: 66
Views: 6885

Re: Got [a bad deal] on muni bonds

An senior citizen friend bought a new issue 4% coupon 30 year long municipal bond at par at Edward Jones and paid a 5% commission. There goes over a year of interest. At the friend's marginal tax rate, I doubt it was a great choice at any commission. I was asked for advice about it afterwards....
by ThisTimeItsDifferent
Fri Sep 02, 2016 2:18 pm
Forum: Investing - Theory, News & General
Topic: [Article: "Can Pennsylvania confiscate your IRA?"]
Replies: 23
Views: 3604

Re: Pennsylvania will liquidate abandoned retirement accounts after 3 years of inactivity

m Some states don't even try to reach the so-called dormant account holders, relying just on no "activity" rather than returned mail or any other effort to reach people. "Hello, have you heard of facebook?" "Hello, the IRS and other government agencies probably know where pe...
by ThisTimeItsDifferent
Fri Sep 02, 2016 1:23 pm
Forum: Investing - Theory, News & General
Topic: [Article: "Can Pennsylvania confiscate your IRA?"]
Replies: 23
Views: 3604

Re: Pennsylvania will liquidate abandoned retirement accounts after 3 years of inactivity

I'm sure the states try really hard to find the account holders before they escheate/sieze the funds. Everybody reads the tiny print ads in low circulation newspapers in the states where the businesses are incorporated. Wait some states don't even budget money to run even those ads. They should have...
by ThisTimeItsDifferent
Wed Aug 10, 2016 3:03 pm
Forum: Personal Consumer Issues
Topic: Property tax increase: Worth appealing? DYI or use attorney?
Replies: 42
Views: 3044

Re: Property tax increase: Worth appealing? DYI or use attorney?

Only thing I haven't seen - what is the actual dollar value cost to you in taxes? Did your tax rate change too or did that stay stable? I've seen nearby towns say the decreased their property taxes 2% "Woohoo - aren't we responsible to our constituents!" only to have raised assessments 5%...
by ThisTimeItsDifferent
Tue Aug 09, 2016 7:56 pm
Forum: Investing - Help with Personal Investments
Topic: Thoughts on Synchrony High Yield
Replies: 7
Views: 1088

Re: Thoughts on Synchrony High Yield

I have $17,000 to invest and I want to put it into a high yield savings account. Is Synchrony a good choice? They were listed at the top on bankrate.com Thanks! I'm a synchrony customer and am reasonably satisfied but I would also note that their account opening procedure in the past was confusing....