Search found 1041 matches

by markcoop
Thu Nov 14, 2019 4:17 pm
Forum: Personal Investments
Topic: After tax 401k worth
Replies: 30
Views: 1878

Re: After tax 401k worth

The answer is 0 until you max your IRA and pre tax 401k options... I wouldn't necessarily say max out all pre tax options. My wife has a 401K, but it is a lousy plan. I would rather do the after-tax/convert in my plan than invest in her plan. You would need to run those numbers carefully. Expense r...
by markcoop
Thu Nov 14, 2019 2:00 pm
Forum: Personal Investments
Topic: After tax 401k worth
Replies: 30
Views: 1878

Re: After tax 401k worth

MichCPA wrote:
Thu Nov 14, 2019 1:31 pm
The answer is 0 until you max your IRA and pre tax 401k options...
I wouldn't necessarily say max out all pre tax options. My wife has a 401K, but it is a lousy plan. I would rather do the after-tax/convert in my plan than invest in her plan.
by markcoop
Thu Nov 14, 2019 1:05 pm
Forum: Personal Investments
Topic: After tax 401k worth
Replies: 30
Views: 1878

Re: After tax 401k worth

automatic in plan roth rollover feature with in service distributions . So would you not do it without automatic in plan rollover (I Assume the alternative is to manually do the in plan rollover)? Does "in service distributions" mean transferring a Roth 401K to a Roth IRA and you can then withdraw ...
by markcoop
Thu Nov 14, 2019 9:54 am
Forum: Personal Investments
Topic: After tax 401k worth
Replies: 30
Views: 1878

Re: After tax 401k worth

I have it and haven't used it yet. I do max out my 401K ($25K as I'm over 25) and my Roth IRA. I have looked into using it a little (after-tax 401K contributions and then convert to Roth 401K), but because it would be a manual process and I'm at the edge of what I can contribute, I haven't done so. ...
by markcoop
Wed Nov 13, 2019 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: Grandparents helping with college
Replies: 24
Views: 1837

Re: Grandparents helping with college

CSS Profile - It was mentioned earlier, so I thought I'd answer it. The CSS Profile uses the same prior prior tax year on it's form. There is a section that asks to estimate income for the prior year and future year, but I have never been able to understand how that section is used (meaning from wha...
by markcoop
Tue Nov 12, 2019 6:16 pm
Forum: Personal Investments
Topic: Roth IRA Portfolio Options
Replies: 29
Views: 1291

Re: Roth IRA Portfolio Options

I have always had a bit of a different perspective about stocks in Roth accounts. I don't think it is a bad thing, just a trading of risks. There are two main extreme possibilities that show my point: 1) Stocks keeps rising - Your biggest growing asset will then be stocks and would most benefit from...
by markcoop
Sat Nov 09, 2019 9:44 am
Forum: Personal Finance (Not Investing)
Topic: Just learned something about HSAs and independent children that I did not know
Replies: 21
Views: 2031

Re: Just learned something about HSAs and independent children that I did not know

The disadvantage to "saving for retirement" in an HSA is that you must have medical expenses in order to get your principal out early without penalty. This is a key point for a healthy 23 year old who may want to have access to some of that money (note we already opened a Roth IRA for her a few yea...
by markcoop
Fri Nov 08, 2019 5:07 pm
Forum: Personal Finance (Not Investing)
Topic: Just learned something about HSAs and independent children that I did not know
Replies: 21
Views: 2031

Re: Just learned something about HSAs and independent children that I did not know

She can have her cake and eat it so to speak. Or rather the tax deduction of the HSA contributions and make Roth contributions from any tax-free distributions for qualified medical expenses. Cash flowing HSA medical expenses on;y makes sense if you are maximizing all tax-advantaged contribution spa...
by markcoop
Fri Nov 08, 2019 12:42 pm
Forum: Personal Finance (Not Investing)
Topic: Just learned something about HSAs and independent children that I did not know
Replies: 21
Views: 2031

Re: Just learned something about HSAs and independent children that I did not know

Will her medical expenses be counted towards the family deductible or does she have her own deductible? I assume that the insurance plan is considered separate from the HSA rules (so she is counted towards the family deductible) but curious to know. Her medical expenses will be counted toward the f...
by markcoop
Fri Nov 08, 2019 11:53 am
Forum: Personal Finance (Not Investing)
Topic: Just learned something about HSAs and independent children that I did not know
Replies: 21
Views: 2031

Re: Just learned something about HSAs and independent children that I did not know

Will her medical expenses be counted towards the family deductible or does she have her own deductible? I assume that the insurance plan is considered separate from the HSA rules (so she is counted towards the family deductible) but curious to know. Her medical expenses will be counted toward the f...
by markcoop
Fri Nov 08, 2019 11:14 am
Forum: Personal Finance (Not Investing)
Topic: Just learned something about HSAs and independent children that I did not know
Replies: 21
Views: 2031

Just learned something about HSAs and independent children that I did not know

My daughter is 23 years old. Up to this year she has been a dependent on my tax return. Starting next year she will have a full time job and live on her own. Since she will be providing more than half her income, not in school, living on her own and making a real salary, she will no longer be a depe...
by markcoop
Thu Nov 07, 2019 11:30 am
Forum: Investing - Theory, News & General
Topic: Not market timing is hard
Replies: 31
Views: 3180

Re: Not market timing is hard

So just about 2 months later since I made this post. Still a big believer in buy and hold. Still a believer that once in while a little market timing at extremes will likely (not definitely) pay off. Markets now at all time highs. Again. I have sold small amounts a couple of times in the past few we...
by markcoop
Wed Nov 06, 2019 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: Want to open a Roth IRA for a teenager...
Replies: 14
Views: 977

Re: Want to open a Roth IRA for a teenager...

As my child's Roth IRA was his first investment, I thought it was important to start him off right. We started with Vanguard because I think they are the best company out there (not so surprising on this forum) and I want to make sure my children invest with the best company. I also wanted it to be ...
by markcoop
Wed Nov 06, 2019 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: HDHP comparison
Replies: 13
Views: 518

Re: HDHP comparison

So if you hit the out of pocket max, for your plan you will have spent $700 more on the deductible and $1,000 more to get to the out of pocket max. That's a total of $1,700 more. This is not correct, the deductible counts toward the out of pocket maximum. Therefore, if they hit the maximum they wou...
by markcoop
Wed Nov 06, 2019 2:41 pm
Forum: Personal Finance (Not Investing)
Topic: Want to open a Roth IRA for a teenager...
Replies: 14
Views: 977

Re: Want to open a Roth IRA for a teenager...

If he's asking to open it, maybe you should tell him that if he contributes $500, then you will match it. With $1,000, you can open a Target fund. I believe we had to do it via a paper application, but it is not a hard thing to do.
by markcoop
Wed Nov 06, 2019 9:52 am
Forum: Personal Finance (Not Investing)
Topic: HDHP comparison
Replies: 13
Views: 518

Re: HDHP comparison

So if you hit the out of pocket max, for your plan you will have spent $700 more on the deductible and $1,000 more to get to the out of pocket max. That's a total of $1,700 more. They give $1,300, so the net there is $400 more. The premium is $32 more a pay period??? If the premium is twice a month,...
by markcoop
Wed Oct 16, 2019 8:58 am
Forum: Personal Consumer Issues
Topic: 2010 Honda Accord - loud?
Replies: 31
Views: 2582

Re: 2010 Honda Accord - loud?

So the dealer that I bought the car from agreed to have the service department take a look at it. His opinion was that it was the tires. He ruled out a few of the things mentioned above (bearings, exhaust). He noticed the tires were wearing unevenly. He speculated that it could be from lack of rotat...
by markcoop
Thu Oct 10, 2019 8:28 pm
Forum: Personal Investments
Topic: Sell Vanguard New York Long-Term Tax-Exempt Fund when move out of NY?
Replies: 17
Views: 942

Re: Sell Vanguard New York Long-Term Tax-Exempt Fund when move out of NY?

Using the NY Long-Term Tax-Exempt fund will probably earn slightly less interest compared to a comparable Tax-exempt fund that is not NY specific. I guess I'm weighing that lost income vs the capital gains tax on $17K. I imagine hard to compute the break-even point between the options. My gut is to...
by markcoop
Thu Oct 10, 2019 10:38 am
Forum: Personal Investments
Topic: Sell Vanguard New York Long-Term Tax-Exempt Fund when move out of NY?
Replies: 17
Views: 942

Re: Sell Vanguard New York Long-Term Tax-Exempt Fund when move out of NY?

Why sell it? If the fund is holding municipal securities, the interest is still tax exempt on a Federal level. Depending upon the state she moves to, she may or may not have to pay tax on the interest either. I would not be so quick to hit the "sell" button. Using the NY Long-Term Tax-Exempt fund w...
by markcoop
Wed Oct 09, 2019 8:28 pm
Forum: Personal Investments
Topic: Sell Vanguard New York Long-Term Tax-Exempt Fund when move out of NY?
Replies: 17
Views: 942

Re: Sell Vanguard New York Long-Term Tax-Exempt Fund when move out of NY?

livesoft wrote:
Wed Oct 09, 2019 8:23 pm
Besides, shouldn't there be enough carryover losses to offset gains?
I think she does have some carryover losses (not much), but I'd prefer them to offset income.
by markcoop
Wed Oct 09, 2019 8:25 pm
Forum: Personal Investments
Topic: Sell Vanguard New York Long-Term Tax-Exempt Fund when move out of NY?
Replies: 17
Views: 942

Re: Sell Vanguard New York Long-Term Tax-Exempt Fund when move out of NY?

It's possible she may never sell it. If she did in the future, there is a state income (I think around 5%) in her new state. If we don't sell it, I would redirect an dividends/capital gains from the fund to another fund (in fact, already did this).
by markcoop
Wed Oct 09, 2019 8:18 pm
Forum: Personal Investments
Topic: Sell Vanguard New York Long-Term Tax-Exempt Fund when move out of NY?
Replies: 17
Views: 942

Sell Vanguard New York Long-Term Tax-Exempt Fund when move out of NY?

An elderly family member (in her 80s) owns Vanguard New York Long-Term Tax-Exempt Fund. It has around a $17K taxable gain right now. She is moving out of NY state shortly. I assume it does not make sense to own the fund if not living in NY. I also assume it does not make sense to pay a capital gains...
by markcoop
Tue Oct 08, 2019 10:26 am
Forum: Personal Finance (Not Investing)
Topic: 529 savings?
Replies: 19
Views: 2617

Re: 529 savings?

Thanks for the replies. We get a state tax deduction of 4.25% up to 10k of contributions. We will be exceeding this deduction limit going forward with 18k of contributions per year in total. I have them all in the age banded moderate aggressive state sponsored 529 fund so they have decent exposure ...
by markcoop
Sat Oct 05, 2019 6:56 pm
Forum: Personal Consumer Issues
Topic: 2010 Honda Accord - loud?
Replies: 31
Views: 2582

Re: 2010 Honda Accord - loud?

A) No, does not happen when I rev the motor and the car is stationary. B) Yes. Putting it in neutral does not affect that noise as long as I am moving a certain speed (say above 35 MPH). C) Different road surfaces obviously make different sounds, but the noise I'm complaining about is there on all ...
by markcoop
Sat Oct 05, 2019 11:38 am
Forum: Personal Consumer Issues
Topic: 2010 Honda Accord - loud?
Replies: 31
Views: 2582

Re: 2010 Honda Accord - loud?

It is not true that new tires are quieter. Some new tires are noisy including some premium tires. I always check reviews before I buy. So far I have never bought noisy tires. Yeah, this is another piece of information above that I had wrong. The dealer did not put new tires on the car. He did state...
by markcoop
Sat Oct 05, 2019 10:59 am
Forum: Personal Consumer Issues
Topic: 2010 Honda Accord - loud?
Replies: 31
Views: 2582

Re: 2010 Honda Accord - loud?

Just to make sure I understand what you're saying - Aren't accelerate/decelerate and foot on/off the gas independent? In other words, if I am going down a steep hill, I can take my foot off the gas but be accelerating. Yes indeedy, they certainly can be independent, and confusing as you noted. Whic...
by markcoop
Fri Oct 04, 2019 2:29 pm
Forum: Personal Consumer Issues
Topic: 2010 Honda Accord - loud?
Replies: 31
Views: 2582

Re: 2010 Honda Accord - loud?

I'm confused. The first post says " The car is loud when I accelerate." OK, it happens when accelerating. The 5:50 post says " The sound is there whether I am accelerating or not." Eh? That post goes on to say "in other words, taking my foot of the gas does affect the sound." So accelerating doesn'...
by markcoop
Fri Oct 04, 2019 12:29 pm
Forum: Personal Consumer Issues
Topic: 2010 Honda Accord - loud?
Replies: 31
Views: 2582

Re: 2010 Honda Accord - loud?

So the dealer reneged a bit and is only willing to pay for half the cost of the key. The Honda place wants $150 for a key. So, I guess for $75 it is worth it. I could've went on my own, bought a key, brought it to a locksmith and they would've done it for around $100. I also mentioned the loudness i...
by markcoop
Thu Oct 03, 2019 8:53 pm
Forum: Personal Consumer Issues
Topic: 2010 Honda Accord - loud?
Replies: 31
Views: 2582

Re: 2010 Honda Accord - loud?

It may be a little like throwing darts, but I do have some clues and I have fun trying to figure things out. So, given what I have seen, I can rule out exhaust issues because those would be more noticeable when I accelerated. The issue is present when I take my foot off the gas. I did play around wi...
by markcoop
Thu Oct 03, 2019 4:31 pm
Forum: Investing - Theory, News & General
Topic: 'Stay the course' with international stock but give up on value?
Replies: 101
Views: 6963

Re: 'Stay the course' with international stock but give up on value?

Oddly enough, when I do see the abandon ship conversations, I know that area is going through a rough time and it makes me want to own more of it. Although my AA has remained somewhat stable as a whole over the past 20 years, as far as what I have owned and the percentages, I do sometimes tweak it. ...
by markcoop
Thu Oct 03, 2019 11:51 am
Forum: Investing - Theory, News & General
Topic: 'Stay the course' with international stock but give up on value?
Replies: 101
Views: 6963

Re: 'Stay the course' with international stock but give up on value?

I think the disconnect is because more people invest in int'l vs small/value. Therefore, since both have recently under-performed, people are just recommending what they do (because that is what they believe). If you believe something, I wouldn't expect people to go against there own beliefs and tel...
by markcoop
Mon Sep 30, 2019 7:50 pm
Forum: Personal Consumer Issues
Topic: 2010 Honda Accord - loud?
Replies: 31
Views: 2582

Re: 2010 Honda Accord - loud?

A couple more observations. The sound is definitely louder at higher speeds. The sound is there whether I am accelerating or not (in other words, taking my foot of the gas does affect the sound). The sound almost reminds of the noise I have heard in some cars when just the back windows are open. One...
by markcoop
Sat Sep 28, 2019 10:43 am
Forum: Personal Finance (Not Investing)
Topic: How to get rid of a car
Replies: 48
Views: 3914

Re: How to get rid of a car

Followup: Given the problems the car had, the steering wheel issue got worse, the thought of selling it to another person just did not feel right to me. I ended up selling to the dealer for $2K on a trade-in.
by markcoop
Sat Sep 28, 2019 7:01 am
Forum: Personal Finance (Not Investing)
Topic: Long Term FAFSA/College Strategy
Replies: 150
Views: 8730

Re: Long Term FAFSA/College Strategy

I don't mean to sound like I am arguing for the side of the financial institutions. I believe the reason the cost of education has risen so much is because of the greed by these institutions. They charge more because they view themselves as a business where they can charge more. We certainly can mak...
by markcoop
Fri Sep 27, 2019 9:53 am
Forum: Personal Investments
Topic: Should I buy I-bonds when I'm >30 years from retirement?
Replies: 50
Views: 4537

Re: Should I buy I-bonds when I'm >30 years from retirement?

I was in my early 30s when I-bonds had fixed rates of 3+%. I bought a bunch at the time. Although it has been a great investment, they will be due in my 60s. The negative of that is that I project I will have about 10 years or so to do Roth conversions. These bonds maturing at that time will hurt th...
by markcoop
Fri Sep 27, 2019 6:39 am
Forum: Personal Finance (Not Investing)
Topic: Long Term FAFSA/College Strategy
Replies: 150
Views: 8730

Re: Long Term FAFSA/College Strategy

Getting back to this part of this conversation, I have a few comments. 1) It's the school's money and if they want to give scholarships then they get to make the rules. 2) If the Honda dealership did anything like that, no one would buy cars from them. But people do apply for aid and willingly give...
by markcoop
Thu Sep 26, 2019 8:28 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term FAFSA/College Strategy
Replies: 150
Views: 8730

Re: Long Term FAFSA/College Strategy

...Parents who care about their kids and play within the bounds of the "game" should not be shamed for trying any angle they can think of. I've already gone through all the stages of grief as far as college costs go. But I can't help getting stuck on this notion. It's as if a 19-year old ADULT walk...
by markcoop
Thu Sep 26, 2019 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term FAFSA/College Strategy
Replies: 150
Views: 8730

Re: Long Term FAFSA/College Strategy

...Parents who care about their kids and play within the bounds of the "game" should not be shamed for trying any angle they can think of. I've already gone through all the stages of grief as far as college costs go. But I can't help getting stuck on this notion. It's as if a 19-year old ADULT walk...
by markcoop
Thu Sep 26, 2019 8:54 am
Forum: Personal Consumer Issues
Topic: 2010 Honda Accord - loud?
Replies: 31
Views: 2582

Re: 2010 Honda Accord - loud?

Thanks for the replies. I did some reading online and have found a number of people mentioning the louder than ordinary noise from that generation Honda Accord.The noise really does sound like it's coming from the engine directly but I realize that noise sometimes travels. I guess it doesn't sound t...
by markcoop
Wed Sep 25, 2019 11:20 pm
Forum: Personal Consumer Issues
Topic: 2010 Honda Accord - loud?
Replies: 31
Views: 2582

Re: 2010 Honda Accord - loud?

It's a 2010 Honda Accord EX‑L Sedan. It's 2.4L engine. It's a 4 cylinder. And yes, it sounds like familiar engine noise when you give it gas, but louder than I have heard.
by markcoop
Wed Sep 25, 2019 6:55 pm
Forum: Personal Consumer Issues
Topic: 2010 Honda Accord - loud?
Replies: 31
Views: 2582

2010 Honda Accord - loud?

I recently bought a used 2010 Honda Accord. I like the car alot and got it at a good price. It will be driven primarily by my kids. There were two odd things about it. 1) The car is loud when I accelerate. I have owned accords in the past and have never felt the sound of the car was an issue. I ment...
by markcoop
Thu Sep 19, 2019 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: 529 qualified expenses question
Replies: 3
Views: 321

Re: 529 qualified expenses question

I believe for off campus housing you can claim up to the published COA for room and board. So, as long as you are claiming less than that, you should be fine for off campus housing. In my case, food plus 10 months rent hit that limit. If it doesn't, I would guess your answer is no to both questions....
by markcoop
Thu Sep 19, 2019 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term FAFSA/College Strategy
Replies: 150
Views: 8730

Re: Long Term FAFSA/College Strategy

I would like to know what the advantage is of a Coverdell over a 529 and why you feel a 529 costs money, but a Coverdell does not? Coverdells and 529s are simply containers that hold investments. It is possible that they hold the exact same investments. As different products, they each have their o...
by markcoop
Thu Sep 19, 2019 9:16 am
Forum: Personal Finance (Not Investing)
Topic: Long Term FAFSA/College Strategy
Replies: 150
Views: 8730

Re: Long Term FAFSA/College Strategy

3) At some point along the line, if a CSS profile school is on the horizon, maybe when your oldest is in middle school, either mortgage your home to the hilt, or sell it and rent. Most CSS profile schools will assume a certain percentage of your home's equity to be used to pay for school each year,...
by markcoop
Wed Sep 18, 2019 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: Help for mother-in-law: Is NYS retirement income taxable in Colorado?
Replies: 13
Views: 1121

Re: Help for mother-in-law: Is NYS retirement income taxable in Colorado?

Yes, even though she would be changing domicile to CO as of Oct 15, NY through an audit could claim she is taxable to NY for the full 12 months as a statutory resident since she would have maintained a residence in NY for 12 months and assuming she spent more than 183 days in NY during the year. If...
by markcoop
Tue Sep 17, 2019 7:08 pm
Forum: Personal Investments
Topic: 529: Should account be under parent name or student's?
Replies: 12
Views: 1073

Re: 529: Should account be under parent name or student's?

A 529 is no different than any other parent asset.
by markcoop
Tue Sep 17, 2019 5:20 pm
Forum: Personal Investments
Topic: 529: Should account be under parent name or student's?
Replies: 12
Views: 1073

Re: 529: Should account be under parent name or student's?

Even though people typically have the parent as the owner and the child as the beneficiary, that is not the only possible configuration. The child can be the owner and the beneficiary. There can be some financial aid situations where this makes sense. For example, if a parent has multiple kids and a...
by markcoop
Tue Sep 17, 2019 3:22 pm
Forum: Personal Consumer Issues
Topic: Best way to make a copy of car key (2010 Honda Accord)
Replies: 6
Views: 647

Re: Best way to make a copy of car key (2010 Honda Accord)

Thanks...locksmith wanted $75 to cut and program (If I understood him properly). Key to buy costs around $20. So, total $95+tax. Another locksmith quoted $150 for the key, cut and program. Local Honda dealer wants $140. So, local Honda place not that bad price wise.
by markcoop
Tue Sep 17, 2019 9:01 am
Forum: Personal Consumer Issues
Topic: Best way to make a copy of car key (2010 Honda Accord)
Replies: 6
Views: 647

Best way to make a copy of car key (2010 Honda Accord)

I recently bought a 2010 Honda accord and it came with only one key. I want to make a copy of the key strictly for back use. It does use the key to start the car (one of those laser created keys that does not have the jagged edges). I don't care if it has the auto open/close buttons on the key (was ...
by markcoop
Fri Sep 13, 2019 12:58 pm
Forum: Investing - Theory, News & General
Topic: Not market timing is hard
Replies: 31
Views: 3180

Re: Not market timing is hard

But within that sandbox, I'm *allowed* to make trades as long as: (a) it triggers no tax costs, and (b) it moves the portfolio *closer* to the allocation targets. I guess in my case, I am not always moving closer to the target allocation. If my target is 60% and the market has a run-up where it goe...