Search found 75389 matches

by livesoft
Mon Apr 12, 2021 8:34 am
Forum: Personal Finance (Not Investing)
Topic: 1099R Form Redistribution Code Tax Question
Replies: 8
Views: 297

Re: 1099R Form Redistribution Code Tax Question

If your income is low enough to make a direct Roth IRA contribution, then there would be no need to make a non-deductible traditional IRA contribution, then convert it to a Roth.

I would not use the word "Backdoor" at all.
by livesoft
Mon Apr 12, 2021 8:07 am
Forum: Personal Finance (Not Investing)
Topic: 1099R Form Redistribution Code Tax Question
Replies: 8
Views: 297

Re: 1099R Form Redistribution Code Tax Question

Also note that codes N and R that you mentioned are NOT for conversions, but are for recharacterizations. Those are two different things. If there is a vocabulary issue here, then get that straightened out or if it cannot be straightened out lose the loser. Also ask them to pay you for their "c...
by livesoft
Mon Apr 12, 2021 7:58 am
Forum: Personal Finance (Not Investing)
Topic: 1099R Form Redistribution Code Tax Question
Replies: 8
Views: 297

Re: 1099R Form Redistribution Code Tax Question

A little internet search has this for Code 2 in Box 7. https://thelink.ascensus.com/articles/2020/12/16/irs-form-1099-r-box-7-distribution-codes I'm sure other places have the same. More important is probably whether the Check Box is checked or not. I see lots of people missing this on this forum. T...
by livesoft
Mon Apr 12, 2021 5:10 am
Forum: Investing - Theory, News & General
Topic: FTC and 1116: How to do it with TurboTax
Replies: 5
Views: 375

Re: FTC and 1116: How to do it with TurboTax

Were foreign taxes withheld on only the foreign dividends or were they also withheld on the foreign capital gains income?
by livesoft
Mon Apr 12, 2021 4:53 am
Forum: Personal Finance (Not Investing)
Topic: Questions about Frequent trading or market-timing
Replies: 4
Views: 383

Re: Questions about Frequent trading or market-timing

But my question is Frequent trading or market-timing . If I were to buy and sell AAPL shares frequently like day trading, do I get dinged by the policy? Your trades in stock will not be free after a certain number and you will be charged a commission. Those commissions are explained on the vanguard...
by livesoft
Sun Apr 11, 2021 10:16 pm
Forum: Investing - Theory, News & General
Topic: FTC and 1116: How to do it with TurboTax
Replies: 5
Views: 375

Re: FTC and 1116: How to do it with TurboTax

Are you a resident of a non-US country? Do you pay foreign taxes on your earned income? Or are the only foreign taxes that you paid automatically withheld and paid by your brokerage firm(s)? What are the ticker symbols of the investments that have foreign taxes withheld AND reported on your 1099-DIV...
by livesoft
Sun Apr 11, 2021 10:02 pm
Forum: Personal Investments
Topic: Roth Conversion Strategies
Replies: 12
Views: 1735

Re: Roth Conversion Strategies

I do a Roth conversion on Really Bad Days in the stock market such as occurred in March 2020. The amount I convert is determined by using tax-prep software to get up to the top of the tax bracket. I also make charitable contributions (bunching every other year via DAF) to increase the "space&q...
by livesoft
Sun Apr 11, 2021 8:39 pm
Forum: Personal Investments
Topic: Looking for tool to manage multiple accounts, rebalance, help with taxes and planning
Replies: 3
Views: 370

Re: Looking for tool to manage multiple accounts, rebalance, help with taxes and planning

I have multiple accounts, but most of them have no transactions in them and thus the number of shares doesn't change enough from month to month to matter. That is, manually changing the number of shares is easier than downloading the information from somewhere. I use MS Money on a laptop running MS ...
by livesoft
Sun Apr 11, 2021 3:43 pm
Forum: Personal Consumer Issues
Topic: Marantec: Are Rolling Code Garage Door Openers Really Necessary?
Replies: 9
Views: 822

Re: Marantec: Are Rolling Code Garage Door Openers Really Necessary?

My garage door makes the noise it makes even when the robotic door opener is not used. That is, almost ALL of the noise happens even when manually opening and closing the garage door. It never occurred to me to get a quieter robotic opener as I wouldn't even notice whether it was making any noise or...
by livesoft
Sun Apr 11, 2021 3:30 pm
Forum: Investing - Theory, News & General
Topic: Trading Platforms
Replies: 8
Views: 461

Re: Trading Platforms

I use thinkorswim for free, but not to place trades.

Stock trades are free for me at WellsTrade, but I only buy/sell ETFs nowadays.

I'm not sure what you mean by "agility."
by livesoft
Sun Apr 11, 2021 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: The primary factor for picking a College/University is out of pocket cost
Replies: 133
Views: 5245

Re: The primary factor for picking a College/University is out of pocket cost

These recurring college threads make me wonder: Who reading this had a child or themselves admitted to HYPMS and didn't attend any of them?
by livesoft
Sun Apr 11, 2021 12:42 pm
Forum: Personal Finance (Not Investing)
Topic: The primary factor for picking a College/University is out of pocket cost
Replies: 133
Views: 5245

Re: The primary factor for picking a College/University is out of pocket cost

I thought the purpose of going to college was to meet a future spouse that would provide for you in the manner to which you are accustomed.
by livesoft
Sun Apr 11, 2021 10:46 am
Forum: Personal Consumer Issues
Topic: USPS Delivery issues
Replies: 27
Views: 1763

Re: USPS Delivery issues

... Step 2: This is the step I'm currently in. I sent the completed forms to TSP via certified mail on March 12, one month ago. As the TSP imposed deadline is fast approaching I logged on to USPS website and the letter has been sitting in Birmingham AL, which is the destination of the letter as wel...
by livesoft
Sun Apr 11, 2021 10:36 am
Forum: Personal Finance (Not Investing)
Topic: The primary factor for picking a College/University is out of pocket cost
Replies: 133
Views: 5245

Re: The primary factor for picking a College/University is out of pocket cost

But the cost analysis is really between getting into your local flagship versus a slightly higher ranked public out of state university or your average private university. I like your thoughts. https://www.bogleheads.org/forum/viewtopic.php?p=3747005#p3747005 https://www.bogleheads.org/forum/viewto...
by livesoft
Sun Apr 11, 2021 10:25 am
Forum: Personal Finance (Not Investing)
Topic: I usually use electronic bank transfers to send money
Replies: 20
Views: 1311

Re: I usually use electronic bank transfers to send money

I have only wired money once in my life. It was not convenient to do so, but maybe times have changed.
by livesoft
Sun Apr 11, 2021 10:15 am
Forum: Personal Finance (Not Investing)
Topic: Ed Slott's new book NEW RETIREMENT SAVINGS TIME BOMB
Replies: 151
Views: 10266

Re: Ed Slott's new book NEW RETIREMENT SAVINGS TIME BOMB

BlueOrange10 wrote: Sun Apr 11, 2021 10:14 amThere's this thing called the Alternative Minimum Tax...
Yes, I once had to pay AMT. It was $12.
by livesoft
Sun Apr 11, 2021 10:15 am
Forum: Personal Finance (Not Investing)
Topic: Ed Slott's new book NEW RETIREMENT SAVINGS TIME BOMB
Replies: 151
Views: 10266

Re: Ed Slott's new book NEW RETIREMENT SAVINGS TIME BOMB

And don't forget large Inherited IRAs for those fortunate to receive one. Best laid plans can change if a large inherited IRA drops in for 10 years right about the time someone in their late 50s or early 60s is hoping to do Roth conversions. LOL! I would not be complaining if a large inherited IRA ...
by livesoft
Sun Apr 11, 2021 10:12 am
Forum: Personal Finance (Not Investing)
Topic: Ed Slott's new book NEW RETIREMENT SAVINGS TIME BOMB
Replies: 151
Views: 10266

Re: Ed Slott's new book NEW RETIREMENT SAVINGS TIME BOMB

[....] HSAs can definitely be inherited by non-spouses. They are just fully taxable in the year in which they are inherited, so they are definitely less preferable than other tax-advantaged accounts for heirs. For those who are charitably inclined, leaving your HSA to a charity can means of 'dispos...
by livesoft
Sun Apr 11, 2021 9:54 am
Forum: Investing - Theory, News & General
Topic: “Buy and Hold No More” says A16Z
Replies: 74
Views: 7601

Re: “Buy and Hold No More” says A16Z

I think retail traders actually did outperform the market in the last 12 months. There is this BUZZ index which tracks the 75 most popular stocks on social media and this index massively outperformed the market in the last 12 months. It is interesting to check the constituents of this index. Which ...
by livesoft
Sun Apr 11, 2021 9:51 am
Forum: Personal Finance (Not Investing)
Topic: Ed Slott's new book NEW RETIREMENT SAVINGS TIME BOMB
Replies: 151
Views: 10266

Re: Ed Slott's new book NEW RETIREMENT SAVINGS TIME BOMB

Yep, I shake my head at people with million dollar HSAs. Wait until they find out medicare covers all of their medical expenses and they have to pay income taxes instead of long term captain gains on millions of dollars. Who ARE these people? I read that the average HSA balance is under $3,000. htt...
by livesoft
Sun Apr 11, 2021 8:55 am
Forum: Personal Investments
Topic: my first Vanguard rebalance
Replies: 10
Views: 1199

Re: my first Vanguard rebalance

I suggest that after setting the Cost Basis Method to Specific Identification and make sure it is set that you do a simple exchange of say anywhere from $10 to $100 and see how it goes. That simple small exchange practice run will set your anxiety to rest.
by livesoft
Sun Apr 11, 2021 8:29 am
Forum: Personal Finance (Not Investing)
Topic: Ed Slott's new book NEW RETIREMENT SAVINGS TIME BOMB
Replies: 151
Views: 10266

Re: Ed Slott's new book NEW RETIREMENT SAVINGS TIME BOMB

BlueOrange10 wrote: Sun Apr 11, 2021 8:24 amThe "standard deduction" for social security is actually not indexed to inflation, so more people will pay taxes on their social security each year.
So if one is making $40K from SS benefits, "tens of thousands" would be at least $20K of taxes on it. OK.
by livesoft
Sun Apr 11, 2021 8:26 am
Forum: Investing - Theory, News & General
Topic: “Buy and Hold No More” says A16Z
Replies: 74
Views: 7601

Re: “Buy and Hold No More” says A16Z

Disclaimers notwithstanding, the firm is talking its book: Andreesen Horowitz is an investor in many of these disruptive fintech companies that hope to fill the active trading role in individual portfolios. Oddly, it's also a lead investor in the new Long-Term Stock Exchange, which aims to enforce ...
by livesoft
Sun Apr 11, 2021 8:22 am
Forum: Personal Finance (Not Investing)
Topic: Ed Slott's new book NEW RETIREMENT SAVINGS TIME BOMB
Replies: 151
Views: 10266

Re: Ed Slott's new book NEW RETIREMENT SAVINGS TIME BOMB

Most people don't realize your social security becomes taxed if you have too much taxable income in retirement. This can mean tens of thousands in extra taxes. Roth is a guaranteed tax savings, while traditional can go either way. Sure "tens of thousands" over many years, but not every ye...
by livesoft
Sun Apr 11, 2021 8:03 am
Forum: Personal Finance (Not Investing)
Topic: Ed Slott's new book NEW RETIREMENT SAVINGS TIME BOMB
Replies: 151
Views: 10266

Re: Ed Slott's new book NEW RETIREMENT SAVINGS TIME BOMB

I read I think an older version of the book borrowed from the library and found it uninformative. I think its audience was for folks with a few million dollars in IRAs and not really for the regular Janes. The main idea I got was to make sure that one had current beneficiaries listed on one's IRAs a...
by livesoft
Sun Apr 11, 2021 7:18 am
Forum: Personal Finance (Not Investing)
Topic: Seeking advice - College selection - Premed
Replies: 36
Views: 2038

Re: Seeking advice - College selection - Premed

I suspect the student has their own top 3 choices, so please cross off all the rest. Thanks!
by livesoft
Sat Apr 10, 2021 8:10 pm
Forum: Investing - Theory, News & General
Topic: Question on International Funds...
Replies: 7
Views: 427

Re: Question on International Funds...

If I were to hypothetically recommend 20% international stock, then I would write, "I recommend that 20% of your equity holdings are international funds."
by livesoft
Sat Apr 10, 2021 8:04 pm
Forum: Investing - Theory, News & General
Topic: Question on International Funds...
Replies: 7
Views: 427

Re: Question on International Funds...

depends on the context and what they mean. So no wonder it can be confusing. If it is important to you, then ask them for clarification.
by livesoft
Sat Apr 10, 2021 7:03 pm
Forum: Personal Investments
Topic: Is it possible to open and fund a Roth IRA for my kid
Replies: 17
Views: 1208

Re: Is it possible to open and fund a Roth IRA for my kid

One can always give money to their child even if they cannot have a Roth IRA. A so-called taxable account for young person invested tax-efficiently is pretty much like a Roth IRA anyways. These accounts are UTMA or UGMA accounts which the OP can look up. Parents can contribute (give!) the child LOTS...
by livesoft
Sat Apr 10, 2021 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: Favorite Boglehead-ish Podcasts?
Replies: 25
Views: 2090

Re: Favorite Boglehead-ish Podcasts?

The Long View with hosts Christine Benz and Jeff Ptak
https://www.morningstar.com/podcasts/the-long-view
by livesoft
Sat Apr 10, 2021 8:09 am
Forum: Investing - Theory, News & General
Topic: Rebalance frequency
Replies: 39
Views: 2751

Re: Rebalance frequency

I like to think backwards. To wit, rebalancing into equities on the lowest day of the year for equities is the best day of the year to rebalance into equities. And by the same token, rebalancing out of equities on the highest day of the year is the best day of the year to rebalance out of equities. ...
by livesoft
Sat Apr 10, 2021 6:18 am
Forum: Personal Investments
Topic: Roth Ira
Replies: 11
Views: 753

Re: Back door roth

tell it you do not want to withhold taxes
by livesoft
Sat Apr 10, 2021 6:06 am
Forum: Investing - Theory, News & General
Topic: Rebalance frequency
Replies: 39
Views: 2751

Re: Rebalance frequency

Frequent rebalancing will leaf (sic) to lower returns. How so? How much lower? Under the assumption that stocks out-perform bonds & CE investments more often than not, that means the majority of rebalances are likely to be moving money out of stocks and into bonds/cash. So making those moves mo...
by livesoft
Sat Apr 10, 2021 5:44 am
Forum: Investing - Theory, News & General
Topic: Rebalance frequency
Replies: 39
Views: 2751

Re: Rebalance frequency

unclescrooge wrote: Sat Apr 10, 2021 1:35 am Frequent rebalancing will leaf (sic) to lower returns.
How so? How much lower?
by livesoft
Sat Apr 10, 2021 5:41 am
Forum: Personal Finance (Not Investing)
Topic: HSA advice Jane Quinn How to Make Your Money Last
Replies: 39
Views: 3257

Re: HSA advice Jane Quinn How to Make Your Money Last

The issue about "being out of the market" is important ... this will be a much bigger consideration when I roll my two 401ks into IRAs. If "being out of the market" is a big negative for one and the Account-to-be-Moved cannot be transferred in-kind, then it has been suggested ma...
by livesoft
Fri Apr 09, 2021 8:56 pm
Forum: Investing - Theory, News & General
Topic: Rebalance frequency
Replies: 39
Views: 2751

Re: Rebalance frequency

I look often, but rebalance less often.
by livesoft
Fri Apr 09, 2021 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth IRA and Pro-rata Rule
Replies: 13
Views: 635

Re: Backdoor Roth IRA and Pro-rata Rule

Why don't you already have a solo 401(k) for your self-employment income?
by livesoft
Fri Apr 09, 2021 8:42 pm
Forum: Personal Finance (Not Investing)
Topic: HSA advice Jane Quinn How to Make Your Money Last
Replies: 39
Views: 3257

Re: HSA advice Jane Quinn How to Make Your Money Last

I’ve heard one can be out of the market for a month while moving money from my current custodian (Health Savings Administrators). Gains potentially foregone in that month could cover a lot of fees. Still, I expect I will move it and minimize the pain by going to equities in my tIRA while the HSA is...
by livesoft
Fri Apr 09, 2021 8:26 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Portfolio Watch has a new look
Replies: 93
Views: 7053

Re: Vanguard Portfolio Watch has a new look

I could accept that but the most annoying part is where they ignore your user created holdings where you specify your own data, and it’s now seen as “other”. I am GIVING them thedata and they dont use it. No concern for backwards compatibility nor testing. By "data" I meant breakdown into...
by livesoft
Fri Apr 09, 2021 8:24 pm
Forum: Personal Investments
Topic: Rebalance Tax Quandry
Replies: 10
Views: 789

Re: Rebalance Tax Quandry

There is no magic. You can give away shares of VTI to your DAF. Presumably you are NOT reinvesting dividends including the ones just paid. Otherwise if you don't want to take a tax hit in taxable and you want to reduce your equities, there is only one way out.
by livesoft
Fri Apr 09, 2021 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: In-Laws' HOA demanding $8000 lumpsum payment
Replies: 91
Views: 10382

Re: In-Laws' HOA demanding $8000 lumpsum payment

I think you are saying that the in-laws paid $8000 less for their dwelling than they should have.
by livesoft
Fri Apr 09, 2021 6:01 pm
Forum: Personal Finance (Not Investing)
Topic: Evaluating different spending/SWR options for early retirement
Replies: 1
Views: 211

Re: Evaluating different spending/SWR options for early retirement

My advice is to just stop planning and experience the first few years of retirement. That experience will help you plan the rest of it.
by livesoft
Fri Apr 09, 2021 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: HSA advice Jane Quinn How to Make Your Money Last
Replies: 39
Views: 3257

Re: HSA advice Jane Quinn How to Make Your Money Last

Dinosaur Dad wrote: Fri Apr 09, 2021 5:03 pm I had an HSA at my old company (left 5 years ago)...am letting it grow in place. There are some fees, ....
So why not switch to a custodian with no fees like Fidelity? It is extremely painless and hassle-free to switch, so there is probably no excuse to pay fees.
by livesoft
Fri Apr 09, 2021 5:01 pm
Forum: Investing - Theory, News & General
Topic: Real Return Fakers & Quitting Investing For Good
Replies: 51
Views: 5171

Re: Real Return Fakers & Quitting Investing For Good

I don't see a problem for the OP doing what they are suggesting. I also predict they will change their mind later in the future if they do what they are suggesting. That's the prerogative of a 33-year old.
by livesoft
Fri Apr 09, 2021 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: HSA advice Jane Quinn How to Make Your Money Last
Replies: 39
Views: 3257

Re: HSA advice Jane Quinn How to Make Your Money Last

I just checked the book. That really is her advice regarding HSAs. Paraphrasing: Spend it down, don’t let it build up. Spend it down fast, so you don’t forget it. Small HSAs will be eaten up in fees in retirement. Boy, that’s really bad advice. OP should just stick with their plan on how to handle ...
by livesoft
Fri Apr 09, 2021 4:43 pm
Forum: Personal Investments
Topic: Simplifying portfolio
Replies: 9
Views: 1275

Re: Simplifying portfolio

I would not have bond ETFs nor mutual fund ETFs in my taxable account at all. Use them in a tax-deferred account. So why not sell all of them and buy VTI? Sell a similar amount of equity funds in tax-deferred and buy BND. That should avoid a wash sale for selling AGG at a loss. Or keep only SHY and ...
by livesoft
Fri Apr 09, 2021 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: HSA advice Jane Quinn How to Make Your Money Last
Replies: 39
Views: 3257

Re: HSA advice Jane Quinn How to Make Your Money Last

Sounds like a typo. What you have listed applies to FSA and not to HSA.
by livesoft
Fri Apr 09, 2021 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: H&R Block not allowing stock sale on 1099-B
Replies: 11
Views: 719

Re: H&R Block not allowing stock sale on 1099-B

I think that must be the source of the problem. But I cannot delete the 4797, and when I try to unclick the box "sale of business, farm or rental property", I get the message "Unchecking this box will not delete any information. We'll take you into this topic to delete any unneeded i...
by livesoft
Fri Apr 09, 2021 3:15 pm
Forum: Personal Finance (Not Investing)
Topic: H&R Block not allowing stock sale on 1099-B
Replies: 11
Views: 719

Re: H&R Block not allowing stock sale on 1099-B

Say what? 1099-B is most definitely the normal document for a stock sale through a brokerage house. What document do you think it gets reported on if not a 1099-B? Agree with this. It is hard to tell what the user error is with the OP. They seem to be inside a part of the program dealing with Sched...