Search found 1816 matches

by SlowMovingInvestor
Sat Nov 26, 2016 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: Reducing federal withholding
Replies: 9
Views: 2035

Reducing federal withholding

I had asked my employer for extra Federal withholding on a W-4 earlier this year since I expected more income this year. I now realize I've reached 110% of last year's taxes (safe harbor) already. Not only do I not need extra withholding, I do not need ANY withholding for the 2 remaining paychecks t...
by SlowMovingInvestor
Wed Nov 23, 2016 11:32 am
Forum: Personal Finance (Not Investing)
Topic: Checking IRS refund applied to next year's return
Replies: 11
Views: 4540

Re: Checking IRS refund applied to next year's return

The IRS takes forevvvver to process a paper filed tax return. Last year, I filed around December (yes, I was late) and until the return was processed, it was around APRIL. Similar to you, I had a refund applying to the tax year after. As you did, I asked for transcripts and nothing would show on th...
by SlowMovingInvestor
Wed Nov 23, 2016 9:43 am
Forum: Personal Finance (Not Investing)
Topic: Checking IRS refund applied to next year's return
Replies: 11
Views: 4540

Re: Checking IRS refund applied to next year's return

As far as I know, having the refund applied to next year's taxes isn't any more effective than taking the refund and then paying an estimated tax. That is what I do. Since the OP filed late in the year for TY 2015, if the refund, once received, is paid toward this year's estimated tax, wouldn't it ...
by SlowMovingInvestor
Wed Nov 23, 2016 5:44 am
Forum: Personal Finance (Not Investing)
Topic: Checking IRS refund applied to next year's return
Replies: 11
Views: 4540

Checking IRS refund applied to next year's return

I filed my federal taxes late (around 8-10 weeks ago), using a paper return. I asked for my refund to be applied to next year (since I didn't think I could withhold enough in my remaining paychecks to avoid underpayment penalties). I tried checking the IRS web site '"here's my refund" and it's unabl...
by SlowMovingInvestor
Sun Oct 09, 2016 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: Living Will
Replies: 7
Views: 1159

Re: Living Will

BSteiner, thanks again. That was extraordinarily helpful. I have some good questions for my lawyer now (including the one about the living trust -- perhaps I misunderstood her comments). The lawyer did briefly mention the inheritance tax, but I figure we're unlikely to retire in NJ or have real prop...
by SlowMovingInvestor
Sun Oct 09, 2016 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: Living Will
Replies: 7
Views: 1159

Re: Living Will

Wills with marital and credit shelter (bypass) provisions and trusts for children are standard. Our clients provide for their children in separate trusts for their benefit rather than outright. That keeps the children's inheritances out of their estate for estate tax purposes, and protects their in...
by SlowMovingInvestor
Sun Oct 09, 2016 9:25 am
Forum: Personal Finance (Not Investing)
Topic: Living Will
Replies: 7
Views: 1159

Living Will

I am a participant in a workplace legal plan (Hyatt). My wife and I (we're around 50) visited a lawyer from the plan about getting a will, living will, power of attorney etc. made up. We also need a qualified domestic trust (since my wife is a permanent resident, but not a US citizen). Our assets ar...
by SlowMovingInvestor
Mon Oct 03, 2016 9:11 am
Forum: Personal Finance (Not Investing)
Topic: Reverse Rollover to 401k from nondeductible IRA
Replies: 16
Views: 3748

Re: Reverse Rollover to 401k from nondeductible IRA

Very BAD IDEA. They won't track your basis in your 401k and when you eventually roll the 401k into an IRA they will send the you AND the IRS a 1099-R indicating that you had no basis in the 401k. Your attempted "end run" around your employer is quite likely to cause a whole lot of trouble down the ...
by SlowMovingInvestor
Sun Oct 02, 2016 4:54 pm
Forum: Personal Finance (Not Investing)
Topic: Reverse Rollover to 401k from nondeductible IRA
Replies: 16
Views: 3748

Re: Reverse Rollover to 401k from nondeductible IRA

Thanks for the comments. I've gone ahead with the partial reverse rollover into my 401k. In my case, there are some constraints on converting the remaining part of my Traditional IRA to a Roth IRA immediately. There is a little confusion in my workplace because of a takeover. I'm not sure whether ou...
by SlowMovingInvestor
Sun Sep 25, 2016 9:56 am
Forum: Personal Finance (Not Investing)
Topic: Multiple Mutual Fund Accounts at Vanguard
Replies: 1
Views: 542

Multiple Mutual Fund Accounts at Vanguard

I hold a number of mutual funds at Vanguard. The number of separate mutual fund holdings passed 25 when I bought a new fund (this includes several holdings with a zero balance, where MFs were converted from regular to Admiral when they crossed the balance threshold), and Vanguard created a separate ...
by SlowMovingInvestor
Thu Sep 22, 2016 6:31 pm
Forum: Personal Finance (Not Investing)
Topic: Reverse Rollover to 401k from nondeductible IRA
Replies: 16
Views: 3748

Re: Reverse Rollover to 401k from nondeductible IRA

Suppose I have 120K in my account, 80K basis, 40 K earnings. All is in cash except 10K iliquid). Suppose I reverse rollover 40K to my 401k plan, and wait till the end of the year to convert to a Roth. In that time, the value of the illiquid holding falls to 5K. So the amount I have left in the IRA ...
by SlowMovingInvestor
Thu Sep 22, 2016 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: Reverse Rollover to 401k from nondeductible IRA
Replies: 16
Views: 3748

Re: Reverse Rollover to 401k from nondeductible IRA

So I'm going ahead with a partial reverse rollover (of untaxed earnings) to 401k from nondeductible IRA and converting the rest to a Roth IRA. For complicated reasons related to my workplace, I need to do the partial rollover now, but cannot convert the remainder (my basis) to a Roth IRA until Decem...
by SlowMovingInvestor
Sun Sep 18, 2016 8:57 pm
Forum: Personal Investments
Topic: Buying Vanguard ETFs
Replies: 3
Views: 1007

Re: Buying Vanguard ETFs

Thanks. Actually my originally post was a little mixed. I meant to say ' I'm wondering whether it makes sense to buy a Vanguard ETF at TD Ameritrade'. And you answered that question.
by SlowMovingInvestor
Sun Sep 18, 2016 8:29 pm
Forum: Personal Investments
Topic: Buying Vanguard ETFs
Replies: 3
Views: 1007

Buying Vanguard ETFs

I have a Vanguard Mutual Fund account, and an account with TD Ameritrade. A few Vanguard ETFs are offered commission free at TD Ameritrade. I'm wondering whether it makes sense to open a VBS account and buy a Vanguard ETF at TD Ameritrade rather than open an Vanguard Brokerage Account to buy the ETF...
by SlowMovingInvestor
Sun Sep 11, 2016 7:29 pm
Forum: Personal Finance (Not Investing)
Topic: Reverse Rollover to 401k from nondeductible IRA
Replies: 16
Views: 3748

Re: Reverse Rollover to 401k from nondeductible IRA

Alan, Clyde, thanks. The 401k plan definitely accepts traditional IRA contributions. Its mentioned in the plan docs, and a representative from the mutual fund company that administers the plan confirmed that they did. And the same company also holds my traditional IRA, but they don't officially know...
by SlowMovingInvestor
Sun Sep 11, 2016 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: Reverse Rollover to 401k from nondeductible IRA
Replies: 16
Views: 3748

Reverse Rollover to 401k from nondeductible IRA

Hello I'm a long time Vanguard Investor, and I'm glad to find this forum. Lots of useful information here. The bulk of my investments are held at Vanguard, but my question is not really about Vanguard. As it happens, my 401k is at another large mutual fund house, and (for historical reasons), so is ...