Search found 300 matches

by nolesrule
Thu Oct 19, 2017 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: Needs help regarding after tax 401k
Replies: 16
Views: 858

Re: Needs help regarding after tax 401k

Just to add to what Spirit Rider was saying, another article for consideration that generally gets dropped into these discussions of Roth vs. traditional from tfb...

https://thefinancebuff.com/case-against-roth-401k.html
by nolesrule
Mon Oct 16, 2017 7:17 am
Forum: Personal Finance (Not Investing)
Topic: HSA’s: What level of risk do you prefer?
Replies: 58
Views: 3709

Re: HSA’s: What level of risk do you prefer?

If it's your computer, then it's not "the cloud". It's your computer. You are responsible for maintaining the hardware so that it continues to work.

The software you use to access it isn't relevant.
by nolesrule
Sun Oct 15, 2017 10:13 am
Forum: Personal Finance (Not Investing)
Topic: HSA’s: What level of risk do you prefer?
Replies: 58
Views: 3709

Re: HSA’s: What level of risk do you prefer?

The "cloud" is just someone else's computer.
by nolesrule
Tue Oct 10, 2017 9:26 am
Forum: Personal Finance (Not Investing)
Topic: HSA’s: What level of risk do you prefer?
Replies: 58
Views: 3709

Re: HSA’s: What level of risk do you prefer?

We're in New Jersey so I'm following grabiner's advice and keeping the invested portions in a U.S. Treasury Fund, especially since our HSA requires a cash threshold declaration and sweeping of funds back and forth, which would otherwise annoyingly be state taxable events. We also keep 1 year in-netw...
by nolesrule
Fri Oct 06, 2017 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: Mega Backdoor Roth questions and is it worth it?
Replies: 9
Views: 658

Re: Mega Backdoor Roth questions and is it worth it?

Since she's an HCE, her after-tax contributions will be subject to ACP testing. Hmmm, I wonder what the odds are that her after-tax contributions would move the needle on ACP testing? She's on the low end of the HCE scale in a megacorp. Given the max contribution percentage limit, the after-tax per...
by nolesrule
Fri Oct 06, 2017 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: Mega Backdoor Roth questions and is it worth it?
Replies: 9
Views: 658

Re: Mega Backdoor Roth questions and is it worth it?

she would end up with about $1500 in after-tax contributions. If it is just a matter of getting an extra $1500/yr into a Roth or not while you are saving $100K+/yr, then who cares. Don't sweat it. Regardless, that small amount going to a Roth or to a tax efficient index fund in a taxable account, m...
by nolesrule
Fri Oct 06, 2017 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: Mega Backdoor Roth questions and is it worth it?
Replies: 9
Views: 658

Re: Mega Backdoor Roth questions and is it worth it?

More like $63k excluding HSA and company matches, but I see your point.
by nolesrule
Fri Oct 06, 2017 11:44 am
Forum: Personal Finance (Not Investing)
Topic: Mega Backdoor Roth questions and is it worth it?
Replies: 9
Views: 658

Mega Backdoor Roth questions and is it worth it?

To set the parameters, my wife is considered an HCE, and thus is limited in the percentage that she can contribute to her 401k. Let's say that based on that percentage, she would end up with about $1500 in after-tax contributions. All of these after-tax contributions would occur toward the end of th...
by nolesrule
Thu Oct 05, 2017 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone go 100% Ally or another online bank for all banking needs?
Replies: 61
Views: 4944

Re: Anyone go 100% Ally or another online bank for all banking needs?

I started with Netbank some 15 years ago, which got taken over by ING, and then it became Capital One 360. I haven't had any serious issues over the years. I think there have been 3 instances where I had a check I tried to deposit that wouldn't work with their mobile deposit, but that's the only rea...
by nolesrule
Thu Oct 05, 2017 1:53 pm
Forum: Investing - Help with Personal Investments
Topic: Where do you think the money will come from to move the overall market higher?
Replies: 31
Views: 2234

Re: Where do you think the money will come from to move the overall market higher?

I wonder about this too, although for a slightly different reason. Total student loan debt in this country: $1,400,000,000,000.00 Total credit card debt in this country: $1,000,000,000,000.00 Total auto loan debt in this country: $1,000,000,000,000.00 And all are growing. This can't possibly end we...
by nolesrule
Mon Oct 02, 2017 12:13 pm
Forum: Investing - Help with Personal Investments
Topic: Are credit cards rewards worth it?
Replies: 103
Views: 6034

Re: Are credit cards rewards worth it?

The "chase" for rewards doesn't drive our spending, it just drives which card we use. We pulled in about $2100 in the last 12 months, not including Target, which takes 5% off at the register, and our Hilton Visa which gives the equivalent of 3% in point value plus an annual spending bonus on hotel s...
by nolesrule
Mon Oct 02, 2017 7:27 am
Forum: Investing - Help with Personal Investments
Topic: Roth Backdoor 101 - Some basic questions...
Replies: 9
Views: 776

Re: Roth Backdoor 101 - Some basic questions...

The important consideration is that any traditional (including SEP) IRAs need to have a zero pre-tax balance on December 31st in the year of the Roth conversion (which may or may not be the same year of the non-deductible contribution) in order to avoid the pro-rata and taxation mess. As was pointed...
by nolesrule
Wed Sep 27, 2017 8:30 pm
Forum: Investing - Help with Personal Investments
Topic: HSA: Married mid-year, which HSA can we deposit to?
Replies: 11
Views: 881

Re: HSA: Married mid-year, which HSA can we deposit to?

The question that needs to be asked first is whether you are now on a family insurance plan or still on two single plans.
by nolesrule
Sat Sep 23, 2017 9:21 pm
Forum: Personal Finance (Not Investing)
Topic: Roll over now or next year - thoughts?
Replies: 7
Views: 677

Re: Roll over now or next year - thoughts?

How much earnings and pre-tax dollars are you planning to convert? There's a limit to how much ordinary income can be offset by capital losses in a single year.
by nolesrule
Sat Sep 23, 2017 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: How Often Do you make a Back-Door Roth Conversion
Replies: 29
Views: 2479

Re: How Often Do you make a Back-Door Roth Conversion

So question for simplicity, if I make a $5,500 non-deductible ira contribution on Jan 01 and I don't make a roth conversion until Dec 01. If in between Jan 01 and Dec 01 the balance grows by $1,000 due to earnings and dividends, can I not convert the entire $6,500 balance? Sure you can. You'll just...
by nolesrule
Fri Sep 22, 2017 9:15 am
Forum: Investing - Help with Personal Investments
Topic: 1099 employees how do you mentally handle taking time off?
Replies: 25
Views: 1365

Re: 1099 employees how do you mentally handle taking time off?

There are workaholics, and there are people who milk their maximum PTO, and there are people in between. You have to decide which kind of person you want to be and do your mental accounting accordingly. :) I have no problem leaving revenue on the table if it means using that time to improve quality ...
by nolesrule
Fri Sep 22, 2017 9:00 am
Forum: Investing - Help with Personal Investments
Topic: 1099 employees how do you mentally handle taking time off?
Replies: 25
Views: 1365

Re: 1099 employees how do you mentally handle taking time off?

When I was 1099, I calculated time off into my bill rate so that I knew I'd be able to take the time and still meet my financial goals. I did the same. In addition, even though I was a Schedule C, I would transfer money from the self-employment bank account to personal account on a regular basis to...
by nolesrule
Wed Sep 13, 2017 8:41 pm
Forum: Personal Consumer Issues
Topic: Someone set up PayPal account using my email...
Replies: 35
Views: 2701

Re: Someone set up PayPal account using my email...

Same thing happens on a gmail account using my first and last name, which I use for backup email. I have 3 people thinking it's theirs, 1 in Pennsylvania, 1 in Ohio and 1 in California. I've received all sorts of strange emails, from car maintenance appointments to masters degree program email lists...
by nolesrule
Wed Aug 23, 2017 2:05 pm
Forum: Investing - Help with Personal Investments
Topic: What do you do with RMD money you don't need?
Replies: 51
Views: 4245

Re: What do you do with RMD money you don't need?

RMDs are a pita if you don't need the money for living expenses. I do a combination of the options that you listed. Most of it is reinvested in taxable accounts. Having to invest the money in a taxable account aggravates me. I've made significant contributions to charities and learned that once is ...
by nolesrule
Mon Aug 07, 2017 8:42 am
Forum: Personal Consumer Issues
Topic: NYT: Buy more takeout and hire a maid, study suggests
Replies: 36
Views: 6007

Re: NYT: Buy more takeout and hire a maid, study suggests

My wife read this article and convinced me to give a housekeeper a try that was recommended by her coworker. They did a deep clean first pass for a bit more money on Saturday, and I have to say I was extremely pleased with the result. We're going to bring them in every two weeks for maintenance clea...
by nolesrule
Sat Aug 05, 2017 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: Commuter Tax benefits for non-work public transit trips?
Replies: 10
Views: 755

Re: Commuter Tax benefits for non-work public transit trips?

I'm not sure that document referenced is even relevant to this discussion. it does not reference the IRS or Tax Code (other than a reference to tax-free subsidy limits) and seems to be specifically about abuse of a specific defined Transportation Subsidy Program.
by nolesrule
Fri Aug 04, 2017 8:18 pm
Forum: Personal Finance (Not Investing)
Topic: Commuter Tax benefits for non-work public transit trips?
Replies: 10
Views: 755

Re: Commuter Tax benefits for non-work public transit trips?

I understand a "transit pass" to be a monthly (or weekly) pass that will allow you to take all the trips you want for a given price, likely within a certain "zone". So, that qualifies. However, it sounds like you're talking about a plastic card that has stored value on it that you would then use to...
by nolesrule
Fri Aug 04, 2017 6:47 pm
Forum: Personal Finance (Not Investing)
Topic: Commuter Tax benefits for non-work public transit trips?
Replies: 10
Views: 755

Re: Commuter Tax benefits for non-work public transit trips?

Here's an article that says any mass transit pass is ok: http://www.biglawinvestor.com/taking-advantage-qualified-transportation-expense-benefits/ That's interesting. My wife's MegaCorp just added the WageWorks benefit. She's planning to use it for NJ Transit to and from work. For her a monthly pas...
by nolesrule
Mon Jul 31, 2017 7:03 pm
Forum: Investing - Theory, News & General
Topic: "Filling Your 401k with Company Stock"
Replies: 41
Views: 4543

Re: "Filling Your 401k with Company Stock"

My wife receives her much in a Company Stock fund. Right now the match makes up about 11% of all of the money that goes into our investments annually. It's a MegaCorp in the S&P 500, so I count it as part of the US stock in our overall asset allocation, but also have a separate rebalance band center...
by nolesrule
Fri Jul 28, 2017 7:48 am
Forum: Personal Finance (Not Investing)
Topic: Savings rate: gross or net?
Replies: 56
Views: 3376

Re: Savings rate: gross or net?

I really dislike the suggestion of using takehome pay. It assumes that taxes withheld = tax liability. So the problem in these discussions always comes down to people using different denominators in the math. There are so many variables that in that regard that it defeats the purpose of the discussi...
by nolesrule
Thu Jul 27, 2017 8:03 am
Forum: Personal Finance (Not Investing)
Topic: Should you wait until the due date to pay credit card balance?
Replies: 126
Views: 8589

Re: Should you wait until the due date to pay credit card balance?

Is there any benefit to waiting to accumulate a balance/debt and then paying it off right before the due date at the end of the month, as opposed to paying it off as soon as something gets processed? It's only one click away for me, so I don't see the drawback to paying it off whenever I see a bala...
by nolesrule
Tue Jul 04, 2017 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: John Hancock won't let 401k be maxed?
Replies: 7
Views: 1235

Re: John Hancock won't let 401k be maxed?

Thanks everyone! John Hancock said their system can only handle $1500 a month or that equivalent as a %. That's a load of something. Last year was my first year on a John Hancock plan (unfortunately... I hate the plan), and I was not eligible to start until March of the year. The lowest amount I co...
by nolesrule
Tue Jul 04, 2017 10:45 am
Forum: Personal Finance (Not Investing)
Topic: John Hancock won't let 401k be maxed?
Replies: 7
Views: 1235

Re: John Hancock won't let 401k be maxed?

Thanks everyone! John Hancock said their system can only handle $1500 a month or that equivalent as a %. That's a load of something. Last year was my first year on a John Hancock plan (unfortunately... I hate the plan), and I was not eligible to start until March of the year. The lowest amount I co...
by nolesrule
Sat Jul 01, 2017 1:14 pm
Forum: Investing - Help with Personal Investments
Topic: Am I being unrealistic about my expectations of dividend income? Is there a better alternative?
Replies: 132
Views: 13353

Re: Am I being unrealistic about my expectations of dividend income? Is there a better alternative?

I keep seeing a lot of math that ignores the capital appreciation component of Total Return = Capital Appreciation + Dividend. In order for Total Return to be the same from portfolios with different dividend yields, the capital appreciation must also be different. You can't just assume it is a const...
by nolesrule
Thu Jun 22, 2017 2:16 pm
Forum: Investing - Help with Personal Investments
Topic: Critique and an Old 401
Replies: 19
Views: 1722

Re: Critique and an Old 401

The other advantage of the conversion is that the earnings will continue to grow tax-free. In the end you'll pay (much) less taxes. That should greatly outweigh a minor bit of paperwork. Dealing with a Roth conversion on an 8606 isn't difficult, and neither is the paperwork for the "backdoor" Roth p...
by nolesrule
Thu Jun 22, 2017 10:22 am
Forum: Investing - Help with Personal Investments
Topic: VTSAX dividend error?
Replies: 24
Views: 2937

Re: VTSAX dividend error?

I seem to remember someone mentioning a similar display error with a bond fund reinvestment recently.
by nolesrule
Thu Jun 22, 2017 7:21 am
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth IRA question
Replies: 1
Views: 255

Re: Backdoor Roth IRA question

I convert it as soon as Vanguard allows me too. The conversion page will tell you that there is nothing to convert in the Traditional IRA until the money is available for conversion (even though the page may still say there are unavailable shares), so just check daily. Usually takes 2-3 business day...
by nolesrule
Thu Jun 08, 2017 3:26 pm
Forum: Investing - Help with Personal Investments
Topic: My 401k Fees
Replies: 30
Views: 1286

Re: My 401k Fees

I'd be jumping for joy if I had those expenses in my employer's 401k. Currently paying a combined 1.584% ER + admin fees. 8.5% of the portfolio, 70% of the expenses. :oops:
by nolesrule
Thu Jun 08, 2017 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: How often do you redeem your credit card cash rewards?
Replies: 54
Views: 3591

Re: How often do you redeem your credit card cash rewards?

Generally once a month as a statement credit for my cash back cards.
by nolesrule
Tue Jun 06, 2017 7:23 am
Forum: Personal Finance (Not Investing)
Topic: I'm considering buying a house in the $800k range.. can I?
Replies: 67
Views: 7019

Re: I'm considering buying a house in the $800k range.. can I?

You want to go all in on a family home. but you don't have a wife and family? What happens when it turns out to be the wrong home for the family? Or if the family doesn't materialize? I think of my brother and his wife who bought a large house with the intention of filling it with kids, and now they...
by nolesrule
Tue May 23, 2017 6:47 pm
Forum: Investing - Theory, News & General
Topic: BofA HSA dropping Vanguard Funds
Replies: 65
Views: 8808

Re: BofA HSA dropping Vanguard Funds

Check that expense ratio again. My B of A account shows it at .41%, which is pretty high for an index. Looking over the BofA information sheet in the investment portal, it has a Gross ER of .41 and a Net ER of .20. It's still lower than anything in my 401k, and that's ignoring the 0.92% in 401k adm...
by nolesrule
Tue May 23, 2017 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: % Roth vs. % traditional
Replies: 91
Views: 4408

Re: % Roth vs. % traditional

At today's rates, even if all your income was taxable earned income, with a standard deduction and your personal exemption, you would need only ~57,500 to generate 50k in spending money. $75k is based on a 35% net difference between pre-tax income and take home pay. What would be a more reasonable ...
by nolesrule
Tue May 23, 2017 7:22 am
Forum: Investing - Theory, News & General
Topic: BofA HSA dropping Vanguard Funds
Replies: 65
Views: 8808

Re: BofA HSA dropping Vanguard Funds

Our HSA is at BofA through my wife's employer. I'm glad we haven't reached our desired cash threshold to start investing yer, because we live in New Jersey, and liquidating would have been a state-taxable event. When you do start investing, you might want to hold Treasury funds (such as TIPS) in yo...
by nolesrule
Mon May 22, 2017 3:36 pm
Forum: Investing - Theory, News & General
Topic: BofA HSA dropping Vanguard Funds
Replies: 65
Views: 8808

Re: BofA HSA dropping Vanguard Funds

Our HSA is at BofA through my wife's employer. I'm glad we haven't reached our desired cash threshold to start investing yer, because we live in New Jersey, and liquidating would have been a state-taxable event. When you do start investing, you might want to hold Treasury funds (such as TIPS) in yo...
by nolesrule
Sat May 20, 2017 2:49 pm
Forum: Investing - Theory, News & General
Topic: BofA HSA dropping Vanguard Funds
Replies: 65
Views: 8808

Re: BofA HSA dropping Vanguard Funds

Our HSA is at BofA through my wife's employer. I'm glad we haven't reached our desired cash threshold to start investing yer, because we live in New Jersey, and liquidating would have been a state-taxable event. In fact, I'm disappointed with their new platform. The only way to transfer money into i...
by nolesrule
Sat May 13, 2017 12:12 pm
Forum: Personal Consumer Issues
Topic: Cars: Expense or Asset?
Replies: 84
Views: 5788

Re: Cars: Expense or Asset?

It's a depreciating asset, but for personal finance reasons I just assume 100% depreciation at the time of purchase, like I do for everything else I own, since I don't expect to get much, if anything, for it at the time I decide to relinquish ownership of it... and any money received will just be us...
by nolesrule
Tue May 09, 2017 7:24 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Not Credited to Account Question
Replies: 7
Views: 885

Re: Social Security Not Credited to Account Question

It has nothing to do with whether or not the SS taxes were paid, but whether the W-3 had been filed.
by nolesrule
Sat May 06, 2017 9:37 am
Forum: Personal Finance (Not Investing)
Topic: Detailed explanation of income for Solo 401 k
Replies: 28
Views: 1279

Re: Detailed explanation of income for Solo 401 k

$18k + 25% of $60k. You have your employee contribution of up to $18K (assuming you aren't old enough for catch-up contributions) and 25% employer match of your W2 income. The company also needs to have enough net revenue to cover that 25% match. Would the OP be able to contribute a portion of the ...
by nolesrule
Sat May 06, 2017 9:19 am
Forum: Personal Finance (Not Investing)
Topic: Detailed explanation of income for Solo 401 k
Replies: 28
Views: 1279

Re: Detailed explanation of income for Solo 401 k

$18k + 25% of $60k. You have your employee contribution of up to $18K (assuming you aren't old enough for catch-up contributions) and 25% employer match of your W2 income. The company also needs to have enough net revenue to cover that 25% match. Would the OP be able to contribute a portion of the ...
by nolesrule
Thu May 04, 2017 7:52 am
Forum: Personal Finance (Not Investing)
Topic: New job, FSA ?
Replies: 10
Views: 855

Re: New job, FSA ?

You need to make sure that your health plan qualifies you for an HSA. Just because it has a high deductible doesn't necessarily mean it meets the requirements.
by nolesrule
Tue May 02, 2017 5:02 pm
Forum: Investing - Help with Personal Investments
Topic: Should I move Solo-401k to Rollover IRA?
Replies: 28
Views: 1173

Re: Should I move Solo-401k to Rollover IRA?

You are still adding the word "active" where it doesn't appear. And a self-employed individual is anyone who is currently self-employed or was self-employed in the past. You can't reconcile an inferred "active" with that definition no matter how you twist the words.
by nolesrule
Tue May 02, 2017 3:36 pm
Forum: Investing - Help with Personal Investments
Topic: Should I move Solo-401k to Rollover IRA?
Replies: 28
Views: 1173

Re: Should I move Solo-401k to Rollover IRA?

My interpretation of this statement is that you were a sole proprietorship, not an organized entity (LLC or corporation). That being the case, you don't have to close down your solo 401(k), ever. You are the company, and you are still here. This is not accurate according to IRS definitions. The 'co...
by nolesrule
Tue May 02, 2017 9:38 am
Forum: Investing - Help with Personal Investments
Topic: Should I move Solo-401k to Rollover IRA?
Replies: 28
Views: 1173

Re: Should I move Solo-401k to Rollover IRA?

Is it tied to a business or Schedule C self employment? Whether or not you have to close a solo 401k is determined by whether or not you terminate the business. if the self employment income was from an S-Corp and you terminated that, you'll need to close the solo 401k. If it was Schedule C, no busi...
by nolesrule
Tue Apr 25, 2017 10:11 am
Forum: Personal Finance (Not Investing)
Topic: Looking For Advice - Move NY -> Tampa?
Replies: 53
Views: 5154

Re: Looking For Advice - Move NY -> Tampa?

Financially, you'll come out ahead down there. But the heat and humidity of summers are more brutal in the Tampa area than everyone is indicating. Particularly the farther inland you get from the Gulf coast. I lived on the Pinellas peninsula across the bay from Tampa for 38 years, and being on the p...