Search found 536 matches

by Thrifty Femme
Sun Oct 25, 2020 9:59 pm
Forum: Personal Investments
Topic: mega back door roth - in-service distribution requirement
Replies: 25
Views: 1158

Re: mega back door roth - in-service distribution requirement

In fact when rolling over after separation, they generally require you take all your money and not leave any behind. That is hardly true. While that is true of some plans, many plans and more all the time allow partial rollovers. The federal TSP, a most conservative and largest of plans, started al...
by Thrifty Femme
Sun Oct 25, 2020 4:43 pm
Forum: Personal Investments
Topic: mega back door roth - in-service distribution requirement
Replies: 25
Views: 1158

Re: mega back door roth - in-service distribution requirement

You're talking about upon separation right (when you quit/fired/retire)? So when you separated from your employer you couldn't move your Roth In-plan conversions to Roth IRA? Since you are allowed by law to transfer your Roth 401k to Roth IRA upon separation, I assumed that it would be the same for...
by Thrifty Femme
Sun Oct 25, 2020 1:51 pm
Forum: Personal Investments
Topic: mega back door roth - in-service distribution requirement
Replies: 25
Views: 1158

Re: mega back door roth - in-service distribution requirement

One thing that worried me about this is that this Fidelity 401k has a separate classification for ROTH and another classification for ROTH IN-PLAN CONVERSION. My concern is that if the automatic conversion was truly a roth, why didn't they just convert it into the ROTH category in my account? I am ...
by Thrifty Femme
Sat Oct 24, 2020 2:45 pm
Forum: Personal Consumer Issues
Topic: Google Play Music sunsetting to YouTube Music
Replies: 66
Views: 3638

Re: RIP Google Play

I like Shuttle + Player. It has gapless playback. Does gapless playback work on Chromecast audio ? I don't know. Shuttle+ Music Player appears to be free now. https://play.google.com/store/apps/details?id=com.simplecity.amp_pro. I think it was a $0.99 when I bought it five or so years ago.
by Thrifty Femme
Fri Oct 23, 2020 11:53 am
Forum: Personal Consumer Issues
Topic: Google Play Music sunsetting to YouTube Music
Replies: 66
Views: 3638

Re: RIP Google Play

Helixlovesmoney wrote: Thu Oct 22, 2020 9:09 pm I really don't like Google keeping killing their products (RIP Google Reader).

I use Plex for local music files and Spotify for streaming. Both are good.
The Old Reader is a great replacement for Google Reader.

https://theoldreader.com
by Thrifty Femme
Thu Oct 22, 2020 8:18 pm
Forum: Personal Consumer Issues
Topic: Google Play Music sunsetting to YouTube Music
Replies: 66
Views: 3638

Re: RIP Google Play

I like Shuttle + Player. It has gapless playback.
by Thrifty Femme
Thu Oct 22, 2020 12:59 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2484
Views: 408338

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

I'm considering this bonus https://account.chase.com/consumer/banking/chaseprivateclient I read MikeG62's comments upthread (thanks !). It seems from this link that JPM retirement accounts don't count for the bonus. 1) Does this mean that I can't transfer IRA assets there ? I'd much rather transfer...
by Thrifty Femme
Thu Oct 22, 2020 12:07 pm
Forum: Personal Investments
Topic: Account fees with full service Chase Private Client account?
Replies: 21
Views: 1617

Re: Account fees with full service Chase Private Client account?

Let's review. I think you want to become a Chase Private Client. That requires 250k in assets (cash, CDs, investments). Your current YouInvest balance counts towards the 250k for becoming a Chase Private Client. If you bring in additional investments, those additional investments don't have to go i...
by Thrifty Femme
Wed Oct 21, 2020 7:20 pm
Forum: Personal Finance (Not Investing)
Topic: Bank with no debit/ATM card?
Replies: 47
Views: 2064

Re: Bank with no debit/ATM card?

Wells Fargo allows this with their lowest tier checking account.
by Thrifty Femme
Wed Oct 21, 2020 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: Personal capital: Retirement plan review and $100
Replies: 8
Views: 1020

Re: Personal capital: Retirement plan review and $100

I saw this prompt once. How many times have you seen it?
by Thrifty Femme
Wed Oct 21, 2020 12:30 pm
Forum: Personal Investments
Topic: Account fees with full service Chase Private Client account?
Replies: 21
Views: 1617

Re: Account fees with full service Chase Private Client account?

It's not a requirement. Tell them you are DIY and not interested in AUM. That is the goal--however, I am bringing over equities and do not want to sell them prior to bringing them over due that creating a taxable event. As a result, I have to have one of their investments accounts. A YouInvest will...
by Thrifty Femme
Tue Oct 20, 2020 5:19 pm
Forum: Personal Finance (Not Investing)
Topic: Solo 401(k) eligibility for consultant receiving W2 for hourly rate?
Replies: 18
Views: 1016

Re: Solo 401(k) eligibility for consultant receiving W2 for hourly rate?

Would setting up a LLC and having the company pay the new LLC work for OP?
by Thrifty Femme
Tue Oct 20, 2020 11:33 am
Forum: Personal Investments
Topic: Account fees with full service Chase Private Client account?
Replies: 21
Views: 1617

Re: Account fees with full service Chase Private Client account?

It's not a requirement. Tell them you are DIY and not interested in AUM.
by Thrifty Femme
Sun Oct 18, 2020 6:11 pm
Forum: Personal Investments
Topic: Suggestion for updating "Asking Portfolio Questions" thread
Replies: 260
Views: 25899

Re: Suggestion for updating "Asking Portfolio Questions" thread

How about <insert your username>'s 401k and <insert your username>'s spouse/partner/etc.'s 401k?
by Thrifty Femme
Sun Oct 18, 2020 5:40 pm
Forum: Personal Investments
Topic: Should I invest in taxable account OR in after-tax 401k leveraging Roth IRA Conversion Ladder?
Replies: 6
Views: 461

Re: Should I invest in taxable account OR in after-tax 401k leveraging Roth IRA Conversion Ladder?

You need to read the summary plan description, which is probably available online if you log into your 401k provider. You need to see 1. if your plan allows a) non-hardship in-service withdrawals of after-tax contributions or b) in-plan Roth rollover for after-tax contributions 2. If yes to a), you ...
by Thrifty Femme
Sun Oct 11, 2020 8:38 pm
Forum: Personal Finance (Not Investing)
Topic: Should I Cash Out and Invest My Whole Life Insurance?
Replies: 15
Views: 1494

Re: Should I Cash Out and Invest My Whole Life Insurance?

Does anyone know what kind of 1099 OP would receive for this? Mr. Thrifty Femme cashed out his WL policy earlier this year, and I want to estimate taxes due next year.
by Thrifty Femme
Sat Oct 10, 2020 10:42 am
Forum: Personal Investments
Topic: Chase Private Client -- Worth it to hold Vanguard Funds?
Replies: 45
Views: 21767

Re: Chase Private Client -- Worth it to hold Vanguard Funds?

Is it worth to hold Vanguard funds at Chase as Chase private client? Any excess fees or diminished returns by holding at chase instead of Vanguard? Thank you Mutual funds or ETFs? ETFs are free to trade online. AUM is not required, and there's a 2k sign up bonus for transferring in 250k of assets.
by Thrifty Femme
Wed Oct 07, 2020 9:09 pm
Forum: Personal Investments
Topic: After-Tax 401k Contributions
Replies: 12
Views: 1165

Re: After-Tax 401k Contributions

I have Roth Deferral in my plan and what is saying "Roth contributions are contributions you make to the Plan on an after-tax basis; as a result, Roth contributions do not reduce your taxable income, and federal and state income taxes will be withheld on amounts you designate as Roth contributions....
by Thrifty Femme
Wed Oct 07, 2020 9:04 pm
Forum: Personal Investments
Topic: Mixed 401(k) Rollover
Replies: 6
Views: 377

Re: Mixed 401(k) Rollover

Hello, Bogleheads. I have a friend who left a job where she had a 401(k) to which she contributed both traditional (pretax) and Roth (posttax) money. She now would like to roll over the entirety of the old 401(k) into the one at her new job. Is it at all advisable for her to peel off the Roth contr...
by Thrifty Femme
Mon Oct 05, 2020 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: 410k after-tax $23k option?
Replies: 7
Views: 772

Re: 410k after-tax $23k option?

hmm...I thought the mega backdoor roth thing was about rolling over old accounts into your current roth. I'll need to re-read and refresh on articles like at whitecoatinvestor. There will be zero chance of going over the $57k, as the company maxes out at $23250 extra, calculated from a max salary m...
by Thrifty Femme
Mon Oct 05, 2020 7:22 pm
Forum: Personal Investments
Topic: Should We Ever Save for Children's College?
Replies: 467
Views: 29941

Re: Should We Ever Save for Children's College?

Its a matter of discussion how to save/pay for college education. Obviously only you can decide how you want to this. I will share what we do. 1) Max all traditional 401k and Roth ira/Backdoor Roth Ira for two people 2) Max out family HSA 3) Question comes down to Megabackdoor/Taxable/529 for our c...
by Thrifty Femme
Sun Oct 04, 2020 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: 401k/IRA Why is everything so complicated?
Replies: 17
Views: 1903

Re: 401k/IRA Why is everything so complicated?

I believe I can contribute up to 100% of my pay. And I believe the max I can contribute is $26,000 ($19500 + 6500 catch up)? As long as my income is below $285,000, right? So an option is to reverse the IRA contributions already made and contribute 100% of my pay for Nov and Dec. Assuming my tax br...
by Thrifty Femme
Thu Oct 01, 2020 5:48 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to set up Ohio 529 plan?
Replies: 2
Views: 228

Re: Best way to set up Ohio 529 plan?

There is an option to give others a code associated with the account, so that they can make deposits into the account. I think it's called Ugift.
by Thrifty Femme
Wed Sep 30, 2020 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: 401K Overpayment - Ex Employer Asking for Money Back
Replies: 152
Views: 9420

Re: 401K Overpayment - Ex Employer Asking for Money Back

OP, if your previous 401k provider is a large outfit like Fidelity, you might be able to create an online account to 1) get the summary plan description to verify you weren't vested 2) determine the amount they should have distributed 3) verify the amount they did distribute 4) view the original 109...
by Thrifty Femme
Tue Sep 29, 2020 9:16 am
Forum: Personal Investments
Topic: 401K Take Home Pay Calculator
Replies: 3
Views: 440

Re: 401K Take Home Pay Calculator

ddurrett896 wrote: Tue Sep 29, 2020 9:14 am Does anyone have a good take home pay calculator that let's the user adjust 401K contributions?

I'm curious to know how my take home pay changes as I increase each 1%.
Do a web search for paycheck calculator and use one that prompts you to specify your work address.
by Thrifty Femme
Mon Sep 28, 2020 9:40 pm
Forum: Investing - Theory, News & General
Topic: What fund(s) are in your taxable account?
Replies: 138
Views: 9804

Re: What fund(s) are in your taxable account?

VTSAX and VLCAX soon to be VTI and VV. On the next RRBD, really really bad day, I'll TLH into VXUS.
by Thrifty Femme
Mon Sep 28, 2020 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: 401K Overpayment - Ex Employer Asking for Money Back
Replies: 152
Views: 9420

Re: 401K Overpayment - Ex Employer Asking for Money Back

cdogstu99 wrote: Mon Sep 28, 2020 7:41 pm It wouldn't be if I sent it back, but I wasn't planning on sending it back unless they forced me to.
They probably can't force you to pay it back, but the IRS might get in touch with you. As it is, the IRS probably has more important matters to deal with right now.
by Thrifty Femme
Mon Sep 28, 2020 7:36 pm
Forum: Personal Finance (Not Investing)
Topic: 401K Overpayment - Ex Employer Asking for Money Back
Replies: 152
Views: 9420

Re: 401K Overpayment - Ex Employer Asking for Money Back

I'm just going to type out the entirety of the letter if that helps any: You are receiving this letter because we discovered you have an overpayment from your account in XXX 401K plan. We discovered the overpayment during an audit in which we we determined the vested amount in the 401K plan was ove...
by Thrifty Femme
Mon Sep 28, 2020 7:00 pm
Forum: Personal Finance (Not Investing)
Topic: 401K Overpayment - Ex Employer Asking for Money Back
Replies: 152
Views: 9420

Re: 401K Overpayment - Ex Employer Asking for Money Back

Interesting, you assumed 1099-R, and I assumed 1099-MISC. I don't think employers send 1099-Rs. OP, please clarify the type of 1099 they will be sending you. OP said 1099-R. And which you are technically correct that employers don't send 1099-Rs, their 401k custodians do. I suspect he meant the 401...
by Thrifty Femme
Mon Sep 28, 2020 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: 401K Overpayment - Ex Employer Asking for Money Back
Replies: 152
Views: 9420

Re: 401K Overpayment - Ex Employer Asking for Money Back

I'm finding a lot of the replies confusing. If I'm reading the original post correctly and haven't missed anything, all the money was rolled into a tIRA. So no tax impact yet. So what would this new 1099-R say? I'm assuming a correction to the original - original said $X, corrected on will say $X-6...
by Thrifty Femme
Mon Sep 28, 2020 4:54 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2484
Views: 408338

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

I have done investment bonuses with most brokers, but never with Chase, and online data points on CPC $2K offer are very limited. I'd like to confirm with people that already received the bonus that my understanding is 100% correct. Steps needed to get $2K: 1. Meet with private banker, give them my...
by Thrifty Femme
Mon Sep 28, 2020 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: 401K Overpayment - Ex Employer Asking for Money Back
Replies: 152
Views: 9420

Re: 401K Overpayment - Ex Employer Asking for Money Back

Seems to me they don't want the money back, since they are sending you a 1099. They appear to making sure you pay taxes on the overpayment. If they wanted the money back, I think they would have said so and not send you a 1099. I think any 1099 they send would be for this year, so you shouldn't need...
by Thrifty Femme
Mon Sep 28, 2020 3:36 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2484
Views: 408338

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Is traditional IRA account eligible for $2K CPC offer? Or is this for taxable accounts only? Thanks. Yes, non-Chase IRAs are eligible. have you confirmed this with the chase representative Offer says: Accounts that qualify for your new money deposit: Personal Checking and Savings accounts Eligible ...
by Thrifty Femme
Mon Sep 28, 2020 3:14 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2484
Views: 408338

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Is traditional IRA account eligible for $2K CPC offer? Or is this for taxable accounts only? Thanks. Yes, non-Chase IRAs are eligible. Thanks, that was quick! Reading the T&Cs it's not clearly spelled out. I assume you did transfer IRA account? Thanks again. Yes, I transferred Roth accounts.
by Thrifty Femme
Mon Sep 28, 2020 3:03 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2484
Views: 408338

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

snowman wrote: Mon Sep 28, 2020 3:02 pm Is traditional IRA account eligible for $2K CPC offer? Or is this for taxable accounts only? Thanks.
Yes, non-Chase IRAs are eligible.
by Thrifty Femme
Fri Sep 25, 2020 6:53 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2484
Views: 408338

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Another data point for Chase Private Client. I received a targeted email to join. I scheduled a phone call online last Thursday and spoke with someone on the banking side for about 5 minutes last Friday. He explained the program and scheduled a same day appointment for me with an investments banker,...
by Thrifty Femme
Mon Sep 21, 2020 8:52 am
Forum: Personal Consumer Issues
Topic: Chase Freedom to Freedom Unlimited on Credit history
Replies: 33
Views: 1629

Re: Chase Freedom to Freedom Unlimited on Credit history

Just applied for this card online (already have both other Freedom variants). My other cards with Chase have around $50K credit limit combined, and on the Flex Chase approved me for $500! Thankfully it was easy to call in and have them move credit limits around so I have more on the Flex. You can u...
by Thrifty Femme
Sun Sep 20, 2020 12:59 pm
Forum: Personal Investments
Topic: How long does it take for your 403b/401k contribution to show up after payday?
Replies: 29
Views: 1309

Re: How long does it take for your 403b/401k contribution to show up after payday?

Up to a week except for the last paycheck. For that paycheck it gets deposited on the last business day of the year.
by Thrifty Femme
Wed Sep 16, 2020 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: what is your side job and income?
Replies: 87
Views: 10753

Re: what is your side job and income?

This is such an interesting topic! My current side job is contributing to a website. I'd been contributing content for some time and eventually was offered a paid position. I work the part-time hours/schedule I want, and earn a decent amount for a hobby but not enough to live on. My side job is mor...
by Thrifty Femme
Tue Sep 15, 2020 9:59 pm
Forum: Personal Finance (Not Investing)
Topic: Mega Back Door Roth and Avoiding Excess Contributions
Replies: 23
Views: 1176

Re: Mega Back Door Roth and Avoiding Excess Contributions

Most plans are setup so that you cannot make contributions that exceed the limit. For the elective deferral limit, yes. Max contribution limit, no. I guess no one expects very many people to contribute the max. OP can look up exactly how much they contributed in early January next year and notify t...
by Thrifty Femme
Tue Sep 15, 2020 9:57 pm
Forum: Personal Investments
Topic: Prepay student loans OR megabackdoor Roth? (26 y/o in Biglaw; 190k salary; 180k debt)
Replies: 82
Views: 5113

Re: Prepay student loans OR megabackdoor Roth? (26 y/o in Biglaw; 190k salary; 180k debt)

I came across a follow-up question regarding the interaction between the MBDR and the normal backdoor Roth, and was hoping someone could confirm my reasoning if they came across this and had knowledge! Say that my after-tax non-Roth 401(k) amounts accrue interest before I move them to the Roth IRA....
by Thrifty Femme
Tue Sep 15, 2020 6:25 pm
Forum: Personal Finance (Not Investing)
Topic: Mega Back Door Roth and Avoiding Excess Contributions
Replies: 23
Views: 1176

Re: Mega Back Door Roth and Avoiding Excess Contributions

Most plans are setup so that you cannot make contributions that exceed the limit. For the elective deferral limit, yes. Max contribution limit, no. I guess no one expects very many people to contribute the max. OP can look up exactly how much they contributed in early January next year and notify t...
by Thrifty Femme
Mon Sep 14, 2020 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: Can I/Should I claim my in-laws as dependents?
Replies: 6
Views: 1211

Re: Can I/Should I claim my in-laws as dependents?

I think you can, but in a similar situation we don't - adding dependents doesn't change my taxes much. however, doing so knocks them out of obamacare subsidies which is more than the deduction we'd get with them. also would have eliminated the recent $1200 checks that were sent for the recession. a...
by Thrifty Femme
Thu Sep 10, 2020 7:06 pm
Forum: Personal Investments
Topic: Companies that will allow me to do Mega Roth Conversions?
Replies: 11
Views: 774

Re: Companies that will allow me to do Mega Roth Conversions?

I know of the following companies Alliance Data, Nationwide Insurance, American Electric Power, NiSource, Apple, Google, and NetJets. Searching for after-tax 401k summary plan description will probably turn up more companies.
by Thrifty Femme
Sun Sep 06, 2020 12:55 pm
Forum: Personal Investments
Topic: Wife is "forcing" me to buy stock(s)
Replies: 112
Views: 9095

Re: Wife is "forcing" me to buy stock(s)

If either of you have access to an employee stock purchase program, but that stock at a discount and sell as soon as allowable.
by Thrifty Femme
Tue Sep 01, 2020 8:03 pm
Forum: Investing - Theory, News & General
Topic: For those with $500k-$1m in investments...
Replies: 211
Views: 33620

Re: For those with $500k-$1m in investments...

Tax Deferred 49%
Tax Free 41%
Taxed 10%
by Thrifty Femme
Fri Aug 28, 2020 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 7528
Views: 516372

Re: Refinance Mega Thread

I just confirmed with Better I can refinance again with them even though my previous one just completed. I won’t deal with Watermark again especially if I keep getting the same loan officer. She was not friendly nor professional in her corespondents. To compensate my unfortunate experience at Water...
by Thrifty Femme
Sun Aug 16, 2020 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Need help forming a LLC for my clinic.
Replies: 40
Views: 2127

Re: Need help forming a LLC for my clinic.

Why do you need a LLC? I believe for tax purpose. Btw, did you guys do operating agreement? Seems like I have to pay a lawyer to make this thing and it's just a small business run by myself and the state does not require it to be filed. Can it be made later? You should search this site for llc taxe...