Search found 256 matches

by abonder
Tue Apr 21, 2015 4:13 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard Records to Keep
Replies: 8
Views: 1450

Vanguard Records to Keep

I know that there have been extensive discussions in the past about what documents need to be retained and for how long, etc. I have a related (but different, I believe) question. What documents do I need to keep from Vanguard? I have all my statements and communications delivered electronically. Is...
by abonder
Sun Apr 05, 2015 7:15 pm
Forum: Personal Finance (Not Investing)
Topic: Form 8606 Question
Replies: 33
Views: 4773

Re: Form 8606 Question

Thanks for all of the input. I have been communicating with my tax preparer and he seems to understand the process. He cited his formatting as a result of the tax software he uses. I've been reading all these posts, re-reading all the tutorials, and generally trying to wrap my head around the proces...
by abonder
Sun Apr 05, 2015 11:27 am
Forum: Personal Finance (Not Investing)
Topic: Form 8606 Question
Replies: 33
Views: 4773

Re: Form 8606 Question

Bobby, It's a little weird because I have a zero in line 8 but have the correct $5500 in line 16. The instructions for line 16 are as follows: If you completed Part I, enter the amount from line 8. Otherwise, enter the net amount you converted from traditional, SEP, and SIMPLE IRAs to Roth IRAs in 2...
by abonder
Sun Apr 05, 2015 10:59 am
Forum: Personal Finance (Not Investing)
Topic: Form 8606 Question
Replies: 33
Views: 4773

Re: Form 8606 Question

Letsgobobby and Livesoft, Thanks for chiming in. Livesoft - I believe that I have read every tutorial but I haven't found a good answer regarding line 24 (section 3) of form 8606. I do not think it is addressed. Letsgobobby - I have had my last 2 tax years done by two different preparers so it relie...
by abonder
Sun Apr 05, 2015 10:11 am
Forum: Personal Finance (Not Investing)
Topic: Form 8606 Question
Replies: 33
Views: 4773

Form 8606 Question

I am sorry for yet another backdoor Roth IRA question but I am reviewing my taxes (done by preparer) and trying to ensure that nothing has gone astray. My wife and I both made non-deductible IRA contributions in 2014 and subsequently converted to Roth IRAs in calendar year 2014. We both had no tradi...
by abonder
Tue Feb 10, 2015 6:07 pm
Forum: Personal Finance (Not Investing)
Topic: Where to put money gifted to infant son?
Replies: 14
Views: 2578

Re: Where to put money gifted to infant son?

First of all, thanks so much for all of the advice. I just typed a really long reply and then had my browser crash and erase the message! The input has been helpful in reaffirming my impressions and providing some new insights. Pathologyguy- I also thought that a taxable account in my son's name wou...
by abonder
Tue Feb 10, 2015 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: Where to put money gifted to infant son?
Replies: 14
Views: 2578

Where to put money gifted to infant son?

Hi, I was hoping to get some feedback about how to manage a gift to my infant son from his grandparents. He was given a check (significant amount but well under the annual gift exclusion) by my in-laws "for his education." I mentioned the possibility of having my in-laws open a 529 in their name wit...
by abonder
Sat Sep 06, 2014 10:49 pm
Forum: Personal Consumer Issues
Topic: Budget breakers
Replies: 37
Views: 3980

Re: Budget breakers

Quote attributed to English soccer star George Best:

"I spent a lot of money on booze, birds and fast cars. The rest I just squandered."
by abonder
Sun May 18, 2014 9:53 pm
Forum: Personal Consumer Issues
Topic: Recommended Parenting Books
Replies: 44
Views: 5718

Re: Recommended Parenting Books

We have a newborn but I was looking for broad advice/themes. Any age-specific advice is also greatly appreciated. Thanks for the suggestions so far!
by abonder
Sun May 18, 2014 6:40 pm
Forum: Personal Consumer Issues
Topic: Recommended Parenting Books
Replies: 44
Views: 5718

Recommended Parenting Books

Just thought I'd ask if anyone has any favorite books on parenting? I'm not looking for anything specific like sleep training (already have a bunch of those) but rather books that are more broad in their focus - i.e., focusing on themes and constructs for parenting. I greatly respect and trust the i...
by abonder
Thu Apr 03, 2014 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: UTMA Question in Setting of Concomitant 529 Funding
Replies: 14
Views: 718

Re: UTMA Question in Setting of Concomitant 529 Funding

I respect those concerns and I understand that it's often not worth the hassle for the amount of money. In all likelihood, the amount of money would not be very large. I just liked the idea of adding small amounts over time as my son received gifts, etc and allowing it to compound and grow. Is it al...
by abonder
Thu Apr 03, 2014 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: UTMA Question in Setting of Concomitant 529 Funding
Replies: 14
Views: 718

Re: UTMA Question in Setting of Concomitant 529 Funding

Livesoft,

Can you detail why you feel UTMA accounts aren't worth the hassle? I am focusing more on the 529 at this point, anyway, but still would like more insights into the UTMA.

Thanks again.
by abonder
Thu Apr 03, 2014 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: UTMA Question in Setting of Concomitant 529 Funding
Replies: 14
Views: 718

UTMA Question in Setting of Concomitant 529 Funding

I was contemplating opening a UTMA for our infant. We have already opened 529 accounts and contributed the annual max (mother and father both contributed one-year max). Am I able to also open a UTMA and fund it or would this put us over the maximum gifting for the year? I realize that the 529 accoun...
by abonder
Thu Mar 27, 2014 10:44 am
Forum: Personal Finance (Not Investing)
Topic: Tax Lost Harvesting old Stocks That Have Gone to Zero
Replies: 7
Views: 1047

Re: Tax Lost Harvesting old Stocks That Have Gone to Zero

Thanks Karamatsu. That reaffirms my sense that it will not be worthwhile trying to utilize this loss, but I will take a quick look at the fact/numbers/dates in case it's still feasible and worthwhile. Always appreciate the assistance and open to additional suggestions if anyone else has been in this...
by abonder
Thu Mar 27, 2014 8:28 am
Forum: Personal Finance (Not Investing)
Topic: Tax Lost Harvesting old Stocks That Have Gone to Zero
Replies: 7
Views: 1047

Re: Tax Lost Harvesting old Stocks That Have Gone to Zero

Livesoft, Thanks so much for sharing your insights, served with some sarcastic humor...it is truly appreciated. I have to admit that I hesitated a bit when the CPA didn't seem to know the exact rules regarding worthless securities. From my looking at the document you linked, it sounds like I would h...
by abonder
Thu Mar 27, 2014 8:10 am
Forum: Personal Finance (Not Investing)
Topic: Tax Lost Harvesting old Stocks That Have Gone to Zero
Replies: 7
Views: 1047

Tax Lost Harvesting old Stocks That Have Gone to Zero

I am trying to finalize our taxes and I have been confused over one issue. My wife has some taxable brokerage accounts in her name with individual equities that were established by her parents years ago. She has paid all the appropriate taxes on an annual basis. We recently liquidated some of the ac...
by abonder
Fri Nov 22, 2013 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: Convert traditional IRA to enable backdoor roth?
Replies: 13
Views: 1409

Re: Convert traditional IRA to enable backdoor roth?

Thanks so much for all of the thoughtful and insighful advice. It's always so reassuring to get feedback here. I contacted the 403b administrator and it seems that in-plan rollovers are allowed, so I am going to try and get that traditional IRA "off the books" and into the 403b ASAP. This presented ...
by abonder
Thu Nov 21, 2013 11:27 am
Forum: Personal Finance (Not Investing)
Topic: Convert traditional IRA to enable backdoor roth?
Replies: 13
Views: 1409

Re: Convert traditional IRA to enable backdoor roth?

I am currently doing backdoor cobtributions for myself as I have no traditional IRA accounts in my name. We've both just started working full-time relatively recently and we don't have any immediate plans for job changes, time off, etc. Thus, no clear move into a lower tax braxket in the immmediate ...
by abonder
Thu Nov 21, 2013 10:31 am
Forum: Personal Finance (Not Investing)
Topic: Convert traditional IRA to enable backdoor roth?
Replies: 13
Views: 1409

Re: Convert traditional IRA to enable backdoor roth?

I will need to contact the plan administrator and see if this is feasible. Her plan has good, low-cost options so it wouldn't be a big deal to make the move. She's worked for her employer for several years so I'm unsure if this would cause a problem. If a roll into her current 403b is not possible (...
by abonder
Wed Nov 20, 2013 11:11 pm
Forum: Personal Finance (Not Investing)
Topic: Convert traditional IRA to enable backdoor roth?
Replies: 13
Views: 1409

Convert traditional IRA to enable backdoor roth?

My wife has a traditional IRA from a rollover at a prior job. It has about 30,000 in it. So far, it has precluded us from utilizing the backdoor Roth IRA. Since we are both working full-time and are in the top marginal federal tax bracket, I hadn't considered converting her traditional IRA to a Roth...
by abonder
Wed Nov 13, 2013 3:36 pm
Forum: Personal Consumer Issues
Topic: Family vehicle purchase advice
Replies: 47
Views: 3619

Re: Family vehicle purchase advice

OP, I think you're going to have a hard time finding a reasonably-priced, true 5-seat vehicle to fulfill your family needs that comes close to matching the power and luxury of your current vehicle. I think you hinted at this in one of your replies, but I think it's worth reiterating. You could go ex...
by abonder
Mon Oct 14, 2013 8:30 pm
Forum: Personal Consumer Issues
Topic: Vacuum Cleaner Question
Replies: 11
Views: 1911

Re: Vacuum Cleaner Question

Thanks for the feedback. I've heard a lot of positive things about the Miele models; the only downside is that they aren't inexpensive. Although I am willing to spend the money for something functional and reliable. Id like an option that takes up minimal space (either upright or canister). Does any...
by abonder
Mon Oct 14, 2013 5:43 pm
Forum: Personal Investments
Topic: Asset Allocation over taxable and tax-advantaged accounts
Replies: 8
Views: 764

Re: Asset Allocation over taxable and tax-advantaged account

Gulliver, Thanks for sharing. I appreciate that you looked into the issue and couldn't arrive at a clear answer. We are lucky enough that we have good 401k options so out taxable and tax-advantaged accounts both have low-cost, widely-diversified options available, which means we aren't forced to uti...
by abonder
Mon Oct 14, 2013 4:39 pm
Forum: Personal Investments
Topic: Asset Allocation over taxable and tax-advantaged accounts
Replies: 8
Views: 764

Re: Asset Allocation over taxable and tax-advantaged account

I appreciate the insights. I understand that the nature of the question doesn't necessarily foster lively debate. I appreciate the validation from staythecourse and livesoft. Just that is reassuring, which is sometimes all we need.

Thanks!
by abonder
Mon Oct 14, 2013 4:01 pm
Forum: Personal Investments
Topic: Asset Allocation over taxable and tax-advantaged accounts
Replies: 8
Views: 764

Re: Asset Allocation over taxable and tax-advantaged account

Message board is busy today. Any takers?

Thanks.
by abonder
Mon Oct 14, 2013 2:58 pm
Forum: Personal Investments
Topic: Asset Allocation over taxable and tax-advantaged accounts
Replies: 8
Views: 764

Asset Allocation over taxable and tax-advantaged accounts

I have a general investing question. I know that most people here seem to advocate asset allocation strategically over taxable and tax-advantaged accounts. I thought that I read elsewhere that a prominent Boglehead (possibly Rick Ferri) advocates keeping the same AA across both tax-advantaged and ta...
by abonder
Mon Oct 14, 2013 2:48 pm
Forum: Personal Consumer Issues
Topic: Vacuum Cleaner Question
Replies: 11
Views: 1911

Vacuum Cleaner Question

I had a quick question I wanted to throw out there. Does anyone have a recommendation for a smallish vacuum cleaner that would work on both hardwood and carpets? I'm looking for something with a relatively small footprint for our smallish apartment. I've read the ratings on consumer reports but I fe...
by abonder
Fri Sep 13, 2013 4:51 pm
Forum: Personal Investments
Topic: Why Utah 529 instead of Vanguard 529?
Replies: 33
Views: 12344

Re: Why Utah 529 instead of Vanguard 529?

I have had the exact same question for a while and haven't found a clear answer. Would love to hear thoughts.
by abonder
Thu Sep 05, 2013 5:31 pm
Forum: Personal Consumer Issues
Topic: Boston this weekend
Replies: 25
Views: 2528

Re: Boston this weekend

Lots of great suggestions. I'd second the Boston public library. In the old building, there's a great indoor courtyard and a little cafe where you can get coffee and even some light fare. Nice to sit outside if the weather cooperates. All the museum suggestions are great, especially if you have some...
by abonder
Sun Aug 11, 2013 1:45 pm
Forum: Personal Consumer Issues
Topic: Jetta Sportwagen Question
Replies: 42
Views: 7729

Re: Jetta Sportwagen Question

Wanted to follow up. First, thanks for all of the insights and experiences shared. Always appreciated. We decided to go with a certified preowned 2011 2.5 SE. I loved the tdi but was turned off by the potential higher maintenance costs. That being said, I'll miss that thrilling diesel torque and the...
by abonder
Wed Aug 07, 2013 12:06 pm
Forum: Personal Consumer Issues
Topic: Jetta Sportwagen Question
Replies: 42
Views: 7729

Re: Jetta Sportwagen Question

Thanks everyone for the feedback. Glad to hear some relatively positive feedback. I think the size of the car fits our needs well. While I have no doubt that the tdi is more fun to drive, I realize that the break even point would be many many miles based our our driving needs. The 2.5 engine is a li...
by abonder
Tue Aug 06, 2013 10:50 pm
Forum: Personal Consumer Issues
Topic: Jetta Sportwagen Question
Replies: 42
Views: 7729

Re: Jetta Sportwagen Question

Thanks for the thoughts. I agree that the Honda Fit is a fantastic vehicle. Probably nothing else crams as much utility into a small and ultra-reliable package. That being said, the trunk is pretty tight and my wife felt like it was a little "flimsy" - she just didn't subjectively feel that safe in ...
by abonder
Tue Aug 06, 2013 10:05 pm
Forum: Personal Consumer Issues
Topic: Jetta Sportwagen Question
Replies: 42
Views: 7729

Jetta Sportwagen Question

Hi, I am contemplating a new or lightly used Jetta Sportwagen and wanted to see if anyone had any bogleheadish insights. Looking for a car to safely cart around my wife, myself, and (in-the-oven) new baby. I love wagons/hatchbacks bc of the practical nature. Really not a fan of SUVs/crossovers. Also...
by abonder
Thu Jul 04, 2013 6:15 pm
Forum: Personal Investments
Topic: Question about target-date funds
Replies: 6
Views: 931

Re: Question about target-date funds

Thanks for sharing your thought. I think sticking with the target date fund that best matches my asset allocation is the best plan. I think I thought that the glide path might potentially change my asset allocation too drastically but that doesn't seem to be the case. As was noted, there is no way t...
by abonder
Thu Jul 04, 2013 2:45 pm
Forum: Personal Investments
Topic: Question about target-date funds
Replies: 6
Views: 931

Re: Question about target-date funds

Blues,

I like the option you suggested and I've contemplated using it for simplicity in our non-403b account. However, it's not accessible in our 403b accounts. Thanks for weighing in.
by abonder
Thu Jul 04, 2013 2:21 pm
Forum: Personal Investments
Topic: Question about target-date funds
Replies: 6
Views: 931

Question about target-date funds

I've been trying to get my wife and my own accounts to our desired 70/30 equities/bonds allocation but I'm a bit confused by the vanguard target-date funds in our 403bs. The target-date funds that correlate with our expected retirement date are ~10% bonds and 90% equities. Even if I bump the date fo...
by abonder
Mon Jun 24, 2013 5:30 pm
Forum: Personal Investments
Topic: Why do bond index funds lose value with rising rates?
Replies: 7
Views: 856

Why do bond index funds lose value with rising rates?

I know this sounds like a basic question but I'm still confused. If I own a bond index fund, doesn't the fund hold each individual bond until maturity? My understanding (clearly inadequate) is that bond prices go down when interest rates go up but I thought that the price remained unchanged if the b...
by abonder
Thu Jun 20, 2013 9:30 pm
Forum: Personal Investments
Topic: Record Keeping for taxable account
Replies: 37
Views: 3085

Re: Record Keeping for taxable account

Everyone,

Thanks so much for all of the replies and the lively discussion. This has clarified this unclear situation greatly. This board is such an unbelievable resource!

Andy
by abonder
Thu Jun 20, 2013 8:55 am
Forum: Personal Investments
Topic: Record Keeping for taxable account
Replies: 37
Views: 3085

Record Keeping for taxable account

Hey everyone, I've just started expanding our investing beyond tax-advantaged accounts into a taxable account with vanguard where we are holding equity index funds. I have set dividends to roll to a MMA rather than automatically reinvest based on my reading here and on the wiki. I can't figure out i...
by abonder
Wed Jun 19, 2013 3:20 pm
Forum: Personal Consumer Issues
Topic: Tattoo removal
Replies: 7
Views: 1223

Re: Tattoo removal

Try and find a reputable dermatologist to evaluate the potential efficacy of laser removal. As earlier participants have already noted, the ability to remove successfully depends on the type and color of the tattoo. My wife is a dermatologist with additional training in lasers/cosmetics and she rare...
by abonder
Thu Jun 13, 2013 4:04 pm
Forum: Personal Investments
Topic: John Hancock 401K/Annuity
Replies: 14
Views: 1761

Re: John Hancock 401K/Annuity

I would direct you immediately to whitecoatinvestor.com. It's a great physician-oriented website run by a frequent boglehead contributor. While it's important to formulate an investing plan and asset allocation strategy, it seems that debt repayment and avoidance of additional debt should absolutely...
by abonder
Sun May 26, 2013 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: Medical specialty, longer residencies worth it?
Replies: 55
Views: 10567

Re: Medical specialty, longer residencies worth it?

This has been an interesting thread and I thought I'd briefly add my insights. I always try and tell trainees to chose a field where they enjoy the mundane aspects of the profession. I'm in anesthesia, and I still take pleasure in starting IVs, diluting drugs, preparing my airway equipment, etc. May...
by abonder
Thu Mar 28, 2013 4:02 pm
Forum: Personal Consumer Issues
Topic: can i buy my sportscar?
Replies: 129
Views: 13197

Re: can i buy my sportscar?

Great discussion - I think it's clear that, financially, you can afford it. And I think that only a small proportion of people driving your desired car are as fiscally "shored-up" as you are. That being said, my only concern would be that your guilt/doubts would prevent you from fully enjoying/embra...
by abonder
Thu Mar 21, 2013 10:35 pm
Forum: Personal Finance (Not Investing)
Topic: Another Excess 401k/403b question
Replies: 2
Views: 970

Re: Another Excess 401k/403b question

Alan, Thanks so much for your reply. I read many of your prior responses in older, related threads, but I was still a bit confused, so your reply is really helpful. I should clarify that she did make $700 in excess deferrals, as you presumed in your answer. Still not sure why turbo tax is not identi...
by abonder
Thu Mar 21, 2013 8:58 am
Forum: Personal Finance (Not Investing)
Topic: Another Excess 401k/403b question
Replies: 2
Views: 970

Another Excess 401k/403b question

I apologize in advance for posting again on this topic. I have read every thread related to this topic and I seem to be getting conflicting info. Thus, I was hopeful for a clarification. My wife contributed $700 in 2012 between two employers (one 401k and one 403b). We notified one plan administrato...
by abonder
Sat Mar 16, 2013 5:49 pm
Forum: Personal Finance (Not Investing)
Topic: Overcontributed to 401k due to Employer Error. Help?
Replies: 14
Views: 7237

Re: Overcontributed to 401k due to Employer Error. Help?

No - she's under 50 by several years, so I don't think there's any reason that she would have an upwardly-adjusted 403b contribution limit. I know that 403bs can have upwardly-adjested deferral limits in certain organizations based on length of tenure with the employee, but she has only worked at th...
by abonder
Sat Mar 16, 2013 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: Overcontributed to 401k due to Employer Error. Help?
Replies: 14
Views: 7237

Re: Overcontributed to 401k due to Employer Error. Help?

Livesoft, Your expertise is greatly appreciated. For some reason, Turbotax is not flagging the overcontribution despite the fact that, when I review the two W2s entered under my wife's name, it is clear that the total amount deducted in total for the 403bs is ~17,700, which would put her 700 over th...
by abonder
Sat Mar 16, 2013 5:14 pm
Forum: Personal Finance (Not Investing)
Topic: Overcontributed to 401k due to Employer Error. Help?
Replies: 14
Views: 7237

Re: Overcontributed to 401k due to Employer Error. Help?

I found this discussion to be very helpful but I still have a mundane (and possibly silly) question I was hoping to get feedback on. My wife erroneously contributed ~700 over her 403b limit (due to contributions via two employers) in 2012. We contacted one employer and got a corrective distribution ...
by abonder
Thu Mar 14, 2013 4:30 pm
Forum: Personal Investments
Topic: 403b Overcontribution
Replies: 1
Views: 265

403b Overcontribution

Hi, I am seeking some advice in handling a 403b overcontribution for 2012 tax year. My wife has two employers and contributes to two 403bs - we attempt to do this strategically to maximize matching. Unfortunately, a change that was made to contributions ended up taking place one pay cycle late, lead...
by abonder
Tue Feb 12, 2013 12:23 pm
Forum: Personal Investments
Topic: Non-governmental 457b Question
Replies: 5
Views: 668

Re: Non-governmental 457b Question

Thanks so much for the feedback and insights. It's always a pleasure to seek advice and learn here.