Search found 734 matches

by jane1
Sun Dec 18, 2016 9:33 pm
Forum: Investing - Help with Personal Investments
Topic: Should I use 3 different brokerage firms?
Replies: 8
Views: 1598

Re: Should I use 3 different brokerage firms?

I used to have accounts at 3 different brokers. Then there is His and Her. Then IRA, Roth, Taxable and 401k. So that is close to 24 accounts. That doesn't include bank, I-bonds, employee stock. Rebalancing, TLH, wash sales, new investments all became unnecessarily more complex. So now I have simplif...
by jane1
Sun Dec 18, 2016 6:52 pm
Forum: Investing - Help with Personal Investments
Topic: Unclear on Solo 401k for very small income
Replies: 4
Views: 514

Re: Unclear on Solo 401k for very small income

This year I have opened a Fidelity Solo 401k, hoping to contribute the very small amount I have made through the year selling things on Craigslist, etc. Do I need to make a contribution before December 31st? I was going to wait until we do taxes next year, so I know the correct amount for the 'empl...
by jane1
Sun Dec 18, 2016 5:01 pm
Forum: Investing - Theory, News & General
Topic: Cost basis method with holding across multiple accounts?
Replies: 6
Views: 874

Re: Cost basis method with holding across multiple accounts?

Thank you Livesoft. Very helpful. Makes sense. Long time ago (beyond amendment period) we have done FIFO assuming combined account because wash sales were across accounts. So I guess it wasn't quite accurate. Now I know better. We still have holdings (that used that assumption) and will have to cont...
by jane1
Sun Dec 18, 2016 2:12 pm
Forum: Investing - Theory, News & General
Topic: Cost basis method with holding across multiple accounts?
Replies: 6
Views: 874

Re: Cost basis method with holding across multiple accounts?

FIFO is a subset of Specific Identification. FIFO is not a cost basis method no matter what a broker states. It is a method of specifying shares to sell. FIFO is not the only subset of Specific Identification, there are others. My understanding was FIFO is a cost basis method, and not just a way to...
by jane1
Sun Dec 18, 2016 12:01 pm
Forum: Investing - Theory, News & General
Topic: Cost basis method with holding across multiple accounts?
Replies: 6
Views: 874

Cost basis method with holding across multiple accounts?

If I have the same holding in multiple taxable accounts, are those treated as 1 single account for the purposes of cost basis method? What about if some of those accounts are held by me and some by spouse? What if one has chosen different default cost basis methods in different accounts, say Specifi...
by jane1
Sat Dec 17, 2016 2:23 am
Forum: Personal Finance (Not Investing)
Topic: Simple Math but wanted verification
Replies: 7
Views: 1110

Re: Simple Math but wanted verification

Use taxcaster or some free tax software to try out scenarios. SS taxation is worth understanding. https://www.bogleheads.org/wiki/Taxation_of_Social_Security_benefits Check if they will qualify for an exception to the 10% early withdrawal penalty. https://www.irs.gov/retirement-plans/plan-participan...
by jane1
Sat Dec 17, 2016 2:17 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Roth Conversion between ex div & record date
Replies: 11
Views: 957

Re: Vanguard Roth Conversion between ex div & record date

Even if it involves a sell & buy, you will not lose the dividend since both settle T+1 . This sounds like advanced work :happy What is T+1? (and it looks like my dividends won't slip through the crack between traditional and Roth on dividend day) T+1 means a trade settles after 1 day. So if you buy...
by jane1
Sat Dec 17, 2016 1:41 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Roth Conversion between ex div & record date
Replies: 11
Views: 957

Re: Vanguard Roth Conversion between ex div & record date

The difficulty I have with the "transferring" between accounts and "selling" the fund is that on the Vanguard website, the directions say: Converting from a traditional IRA to a Roth IRA is considered an exchange within Vanguard funds. Select the traditional Vanguard IRA account(s) you want to conv...
by jane1
Fri Dec 16, 2016 11:44 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Roth Conversion between ex div & record date
Replies: 11
Views: 957

Re: Vanguard Roth Conversion between ex div & record date

Since you are not selling anything, just transferring between accounts, you will not miss the dividend.
My understanding is that if conversion is executed anytime before the record date, you will get dividends in the Roth. Else in IRA.
by jane1
Fri Dec 16, 2016 11:31 pm
Forum: Personal Finance (Not Investing)
Topic: Self HSA contribution
Replies: 2
Views: 377

Re: Self HSA contribution

You can also check out the HSA wiki page including list of Custodians that you can transfer your HSA funds to. May be a better long-term option than paying $5.50 fees monthly. Also search for more recent threads.
https://www.bogleheads.org/wiki/Health_savings_account
by jane1
Fri Dec 16, 2016 11:04 pm
Forum: Investing - Help with Personal Investments
Topic: Roth Conversion vs. Premium Tax Credit
Replies: 8
Views: 1404

Re: Roth Conversion vs. Premium Tax Credit

Depends on your expected current and future income, tax brackets and size of IRA. If you have a large IRA and will end up being in 25% bracket when RMDs kick-in, you can at least convert to get your MAGI to 399% FPL and still get decent PTC. Running tax scenarios on a software would be the best way ...
by jane1
Fri Dec 16, 2016 10:59 pm
Forum: Investing - Help with Personal Investments
Topic: Back Door Roth contibution
Replies: 6
Views: 771

Re: Back Door Roth contibution

There is no reason you need to hurry and make the $5,500 post-tax contribution to your IRA before the end of 2016. As long as you make the contribution by April 15, 2017 you can designate the contribution for 2016 and then make another contribution for 2017. I would roll all the money in the IRA ov...
by jane1
Fri Dec 16, 2016 10:50 pm
Forum: Investing - Help with Personal Investments
Topic: Rolling Over Fidelity 401k?
Replies: 3
Views: 587

Re: Rolling Over Fidelity 401k?

Is this a 401k to 401k transfer? If so, that may be your only option. If it is a 401k to IRA transfer, and you don't want to stay out of the market with a large account value, then you could potentially try this approach. If you don't mind a 2-step process and potentially a $50-75 account closing fe...
by jane1
Fri Dec 16, 2016 5:59 pm
Forum: Investing - Help with Personal Investments
Topic: Tax gain harvesting - 401k rollover vs taxable
Replies: 2
Views: 393

Re: Tax gain harvesting - 401k rollover vs taxable

If I had the available cash to pay the taxes due I think I would favor converting the 401k all the way to the top of the 15% tax bracket and skip the capital gains harvesting. +1. This is what I would suggest as well. You want to pay for taxes from outside funds (not from 401k). Tax gains can be of...
by jane1
Fri Dec 16, 2016 5:09 pm
Forum: Investing - Help with Personal Investments
Topic: Back Door Roth contibution
Replies: 6
Views: 771

Re: Back Door Roth contibution

Thank you jane1! Extremely helpful. I will inquire if my workplace savings will accept a rollover from my IRA. One question though: For me, would the distribution from my IRA to my workplace savings be subject to pro-rata, since I hold a Traditional IRA? Thanks! Let's say you have $30,000 in your I...
by jane1
Fri Dec 16, 2016 12:42 pm
Forum: Investing - Help with Personal Investments
Topic: Back Door Roth contibution
Replies: 6
Views: 771

Re: Back Door Roth contibution

403(b) does not count as IRA. So she is good. Your IRAs are independent of hers, so will not impact her conversion. So again, she is good to the IRA to Roth without pro-rata. Note: your workplace savings may accept rollover from your IRA. You could do that and then do the same as her. Even for 2016,...
by jane1
Thu Dec 15, 2016 7:56 pm
Forum: Investing - Help with Personal Investments
Topic: How to perform the backdoor Roth on the Vanguard website?
Replies: 11
Views: 3093

Re: How to perform the backdoor Roth on the Vanguard website?

So now there's $5500.05 in the Roth. So I should call them to void the 5 cents? Technically I guess I own tax on the 5 cents. You will get a 1099-R in the next 2 months. If it says $5500.05 (Box 1), you enter that on your tax return. Your basis will be $5500 (or whatever is your after-tax contribut...
by jane1
Thu Dec 15, 2016 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security and Medicare Tax Different for Last Paycheck
Replies: 6
Views: 874

Re: Social Security and Medicare Tax Different for Last Paycheck

Okay, I spoke to payroll and figured this out. My company allows employees to nominate each other for small bonuses (like $100 - $500) throughout the year to reward good work on projects. It turns out someone nominated me and I'll be getting an extra $155 gift card! I guess I spoiled the surprise b...
by jane1
Thu Dec 15, 2016 2:17 pm
Forum: Personal Consumer Issues
Topic: Cancel collision coverage on older car?
Replies: 40
Views: 3525

Re: Cancel collision coverage on older car?

There are several possible reasons to keep collision and comprehensive coverage on older car: 1. If you rent a car, you can more safely decline some of the expensive insurance options on the rental car. Didn't know that. I thought collision/comprehensive were specific to a car VIN and aren't transf...
by jane1
Thu Dec 15, 2016 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security and Medicare Tax Different for Last Paycheck
Replies: 6
Views: 874

Re: Social Security and Medicare Tax Different for Last Paycheck

You need to provide other deductions for those paychecks. Maybe there was FSA/HSA/Health Insurance premium deduction (cafeteria plans) that are not subject to SS and Medicare tax. Likely to be a $155 item. Edit: could be a mistake they have been making that they corrected. Post your latest YTD Gross...
by jane1
Thu Dec 15, 2016 12:06 pm
Forum: Investing - Help with Personal Investments
Topic: Employer 401k to Rollover IRA in Retirement?
Replies: 13
Views: 1356

Re: Employer 401k to Rollover IRA in Retirement?

If they are currently in a lower tax bracket than they expect to be when RMDs kick in, they can consider partial conversions to Roth.
by jane1
Thu Dec 15, 2016 12:06 am
Forum: Personal Consumer Issues
Topic: Which state to move for milder weather
Replies: 118
Views: 16449

Re: Which state to move for milder weather

HawaiiBrewer wrote: BUT, there are a lot of other things to consider which my wife suggests can be the "dark side" to paradise.

As we consider a relocation off of this "rock", I will say that giving up the weather is one of our biggest concerns.
Can you elaborate on the dark side of paradise?
by jane1
Wed Dec 14, 2016 2:15 am
Forum: Investing - Help with Personal Investments
Topic: How to perform the backdoor Roth on the Vanguard website?
Replies: 11
Views: 3093

Re: How to perform the backdoor Roth on the Vanguard website?

Look at transaction history... probably money market interest or dividend payout. Those pesky pennies keep showing up even after rollovers/transfers. For rollovers you can ask the custodian to do a sweep. Not sure how it works for conversions. Let us know what you find out. Fidelity recentky mailed ...
by jane1
Wed Dec 14, 2016 2:07 am
Forum: Investing - Help with Personal Investments
Topic: Worth it to pay capital gains to balance portfolio? (Again)
Replies: 6
Views: 1382

Re: Worth it to pay capital gains to balance portfolio? (Again)

You should also check if any of these holdings pay significant dividends which adds to their taxable income every year. If they donate to charity anyway and have giving plans for the future, they can donate appreciated stock (in lieu of cash) for greater tax benefit. Donor advised fund may be an opt...
by jane1
Mon Dec 12, 2016 8:46 pm
Forum: Investing - Help with Personal Investments
Topic: RMD to ROTH
Replies: 11
Views: 1309

Re: RMD to ROTH

Spirit Rider wrote:RMDs are required from all inherited accounts using the lifetime tables, so someone could certainly be < 70.5 and receiving RMDs.
Good point. I missed that.
by jane1
Mon Dec 12, 2016 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Software for 2016?
Replies: 24
Views: 5456

Re: Tax Software for 2016?

If you don't want to do much what-if scenarios, you may be a good candidate to get your taxes done for free by trained volunteers at your local AARP TaxAide site
http://www.aarp.org/money/taxes/info-20 ... xaide.html

Several of us on Bogleheads volunteer at our local TaxAide sites.
by jane1
Mon Dec 12, 2016 6:40 pm
Forum: Investing - Help with Personal Investments
Topic: RMD to ROTH
Replies: 11
Views: 1309

Re: RMD to ROTH

If either of you is below the age of 70.5 you may also be able to make a deductible IRA contribution with the RMD money, once it is in your checking account. I don't believe that is correct, at least the way it is phrased. If you are over 70.5, you cannot contribute to a Traditional IRA but you can...
by jane1
Mon Dec 12, 2016 6:36 pm
Forum: Investing - Help with Personal Investments
Topic: RMD to ROTH
Replies: 11
Views: 1309

Re: RMD to ROTH

I forgot to mention that my wife works full time and I am retired. Am I still allowed to contribute to my Roth? Yes, both of you can contribute if you meet the Roth income eligibility requirements. You may also be able to do catch-up contributions. I believe you cannot contribute to a Traditional I...
by jane1
Mon Dec 12, 2016 4:11 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Bonds in 401k - Vanguard Total Bond Mkt vs non-public option?
Replies: 1
Views: 282

Help with Bonds in 401k - Vanguard Total Bond Mkt vs non-public option?

I am trying to figure out if the bond option accessible via His 401k is very comparable to Vanguard Total Bond Market Index fund before I use this in a major way. Else we will continue to use Bonds in Her 401k if that is a better option. I can post more details about this fund if it helps. Any advan...
by jane1
Mon Dec 12, 2016 10:29 am
Forum: Investing - Help with Personal Investments
Topic: Playing with some tax numbers
Replies: 13
Views: 1415

Re: Playing with some tax numbers

kaneohe wrote:
rec7 wrote: Does the AGI sound about right at around 17k?
pls tell us how you got 17K by adding 2 (or 3) 9Ks.
Or is 17k taxable income after subtracting standard deduction and personal exemption from AGI?
by jane1
Mon Dec 12, 2016 2:41 am
Forum: Investing - Help with Personal Investments
Topic: How to perform the backdoor Roth on the Vanguard website?
Replies: 11
Views: 3093

Re: How to perform the backdoor Roth on the Vanguard website?

Wouldn't you use "Convert to Roth IRA" link?

Maybe it gets to the same screen ultimately...
by jane1
Sun Dec 11, 2016 11:30 pm
Forum: Investing - Theory, News & General
Topic: Roth wake-up call...
Replies: 24
Views: 4282

Re: Roth wake-up call...

OP, lot of us went down similar paths before we went the Bogleheads way. I (actually DH) lost most of our net-worth in the dotcom bust in 2001. Good news is that you realized this at a young age. Large fraction of the population never learns that lesson. I have friends/family who keep trying to beat...
by jane1
Sun Dec 11, 2016 11:17 pm
Forum: Investing - Help with Personal Investments
Topic: Playing with some tax numbers
Replies: 13
Views: 1415

Re: Playing with some tax numbers

Zero, I would think. Trick question?
by jane1
Sun Dec 11, 2016 7:23 pm
Forum: Investing - Help with Personal Investments
Topic: There are no tax consequences to trading funds within a Roth IRA, right?
Replies: 11
Views: 1876

Re: There are no tax consequences to trading funds within a Roth IRA, right?

tsutsugamushi wrote:Unless you hold any of the same funds in a taxable account and might want to sell those taxable holdings at a loss within a month of the IRA transaction.
+1. Be aware of any wash sale implications
by jane1
Sat Dec 10, 2016 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: Contribution limit - 401k in job 1, 403b, 457b, defined contribution plan in job 2
Replies: 10
Views: 696

Re: Contribution limit - 401k in job 1, 403b, 457b, defined contribution plan in job 2

If you are >= 50 there is a $24K employee deferral limit across all qualified plans (401k, 403b). There is a separate $53K annual addition limit for each employer of a qualified plan. The annual addition limit is the total of employee + employer contributions. A 457b is not a qualified plan and the...
by jane1
Sat Dec 10, 2016 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: Contribution limit - 401k in job 1, 403b, 457b, defined contribution plan in job 2
Replies: 10
Views: 696

Re: Contribution limit - 401k in job 1, 403b, 457b, defined contribution plan in job 2

retiredjg wrote: I disagree about the $53k total. If the two jobs are not related, I think there are two $53k limits.
Wow, is there an IRS link confirming this?
by jane1
Sat Dec 10, 2016 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: Contribution limit - 401k in job 1, 403b, 457b, defined contribution plan in job 2
Replies: 10
Views: 696

Re: Contribution limit - 401k in job 1, 403b, 457b, defined contribution plan in job 2

Thanks. Didn't know 457b had a separate limit until I saw a reference in another thread today. So if over 50, one can contribute maximum, say, 18K+6K pre-tax to 401k/403b combined 20K is employer match 15k+6K hence pre-tax limit for 457b 5.5K+1K IRA That is a lot! Wonder why 457(b) are offered for g...
by jane1
Sat Dec 10, 2016 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: Contribution limit - 401k in job 1, 403b, 457b, defined contribution plan in job 2
Replies: 10
Views: 696

Contribution limit - 401k in job 1, 403b, 457b, defined contribution plan in job 2

If I have a 401k with employer match in my day job and a 403b, 457b and defined contribution plans in a part-time teaching job, how much can I contribute maximum tax-deferred in each one? Somehow I thought it was 18K combined (+6K if greater than age 50). But it appears that is no longer correct. Do...
by jane1
Sat Dec 10, 2016 11:37 am
Forum: Investing - Help with Personal Investments
Topic: Simplest Solo 401k to setup and manage
Replies: 17
Views: 1833

Re: Simplest Solo 401k to setup and manage

TDAmeritrade is another option. Allows incoming rollovers. IVV trades commission free with 0.04% ER and can sign up to DRIP dividends. You do have to mail contributions. +1 on TDA. They also have numerous vanguard ETFs that are commission free including VTI, BND. Allows Roth 401k and I recently com...
by jane1
Sat Dec 10, 2016 10:26 am
Forum: Investing - Help with Personal Investments
Topic: Long-Term Gains and taxes (early retirement strategy)
Replies: 16
Views: 2413

Re: Long-Term Gains and taxes (early retirement strategy)

To effectively avoid Capital Gains on these appreciated shares, I've decided on making my normal yearly charitable donations via this stock but the reinvested dividends purchasing new shares keep up with the depleted shares (a good problem to have). Why don't you stop reinvesting dividends in this ...
by jane1
Sat Dec 10, 2016 1:43 am
Forum: Personal Finance (Not Investing)
Topic: Physician went out of network. Now I have a bill to pay. What to do
Replies: 94
Views: 8188

Re: Physician went out of network. Now I have a bill to pay. What to do

In the past, after using website to search for doctors, I have called the doctor's office and found they were no longer accepting xyz insurance plan. I then used the website's notification link (asking about changes to the provider directory) on multiple occasions to indicate what I learnt (drop a p...
by jane1
Fri Dec 09, 2016 9:01 pm
Forum: Personal Consumer Issues
Topic: Vacation ideas in Europe or South America - Feb 18-25??
Replies: 9
Views: 1175

Re: Vacation ideas in Europe or South America - Feb 18-25??

Avoid Europe and N Africa. Cold and shorter days. Depends on where you are flying from. We had done several trips to S.Am. where you take a 8-10 hr non-stop flight leaving in the evening and arriving next morning. Same for revserse. Since there isn't as much time zone difference between US and S.Am....
by jane1
Fri Dec 09, 2016 3:07 pm
Forum: Personal Consumer Issues
Topic: Christmas Gift to my boss. What book?
Replies: 17
Views: 1692

Re: Christmas Gift to my boss. What book?

If they are readers, Algorithms to Live by? It is not funny or short though.
https://www.amazon.com/Algorithms-Live- ... 8&qid=&sr=
by jane1
Fri Dec 09, 2016 2:28 pm
Forum: Personal Consumer Issues
Topic: Money and Phone Abroad
Replies: 23
Views: 2433

Re: Money and Phone Abroad

I've decided to: 1) Credit card - Stick with CaptialOne as mentioned. She has the card already and there's no fee. 2) ATM/Debit card - I'm just going to open a Joint Account (I think her as primary to get her credit up since she is a student) at Schwab. I just confirmed there is no ATM fee (they re...
by jane1
Fri Dec 09, 2016 1:27 pm
Forum: Investing - Help with Personal Investments
Topic: HSA - is keeping 40 years of medical records practical?
Replies: 157
Views: 19443

Re: HSA - is keeping 40 years of medical records practical?

OP, my plan is to withdraw in years I have large qualified medical expenses, but below itemized levels. For years with smaller expenses, I don't bother since it is one more thing to report on the tax return and I can let it grow tax deferred. I will use HSA to pay for Medicare premiums. HSA is and w...
by jane1
Fri Dec 09, 2016 12:17 pm
Forum: Personal Consumer Issues
Topic: Which country in Africa to visit?
Replies: 65
Views: 5046

Re: Which country in Africa to visit?

Looks like now there are some round-trip tickets to Marrakech (Morocco) under $1,000, with a change of airports in London (LGW & LHR) and 11 hour layover in London. Spending 3 days in Marrakech and two nights in desert tour sound interesting to me. Does anyone have first-hand information about the ...
by jane1
Fri Dec 09, 2016 12:05 pm
Forum: Investing - Help with Personal Investments
Topic: 401K to Roth Ira conversion
Replies: 19
Views: 1296

Re: 401K to Roth Ira conversion

No problem doing the rollover from 401K to IRA and then convert partial to roth in the same year? I don't think so, but I was thinking you would do a partial rollover from your 401(k) to a traditional IRA, then do a full rollover to a Roth, leaving the traditional IRA empty for next year. Livesoft,...
by jane1
Fri Dec 09, 2016 12:18 am
Forum: Investing - Help with Personal Investments
Topic: Schwab retirement quote on 4 mil. Advice??? Can I do better?
Replies: 29
Views: 5482

Re: Schwab retirement quote on 4 mil. Advice??? Can I do better?

If you handled real estate investment business yourself, this would definitely be doable. And since it is all in a taxable account, it makes it simpler, not having to optimize allocation and withdrawal from IRA, Roth, taxable, etc. Choose a simple 3-fund portfolio. Make minor adjustments for the fac...
by jane1
Thu Dec 08, 2016 10:53 pm
Forum: Investing - Help with Personal Investments
Topic: 401K to Roth Ira conversion
Replies: 19
Views: 1296

Re: 401K to Roth Ira conversion

Your strategy will also depend on where you expect to be (tax wise) once you take SS and RMDs kick in. And access to spending money (in taxable accounts) for the next few years. Remember in your second approach, even though you don't pay tax on your dividends for the next few years, you may end up p...
by jane1
Thu Dec 08, 2016 8:54 pm
Forum: Investing - Help with Personal Investments
Topic: Is son's taxable income high enough to contribute to Roth after maxing out 401k?
Replies: 16
Views: 1976

Re: Is son's taxable income high enough to contribute to Roth after maxing out 401k?

Box 11 are non-qualified plans. Box 12 are qualified plans like 401k. And those are already subtracted from gross income before being put in Box 1 wages. The article you quoted, asks to subtract Box 11. Your son has nothing in box 11. Think of it this way. IRS does not want you to put more money int...