Search found 251 matches

by ThisTimeItsDifferent
Mon Jan 23, 2017 11:35 pm
Forum: Personal Investments
Topic: New To The Backdoor Thing. Help Me Understand.
Replies: 14
Views: 2245

Re: New To The Backdoor Thing. Help Me Understand.

I think you are asking about what is called the "mega backdoor Roth" not just "backdoor Roth." The two are quite different. The backdoor Roth does not directly involve a 401k plan at all. It just allows people who exceed the income limit to make a Roth IRA contribution, instead to make a non deducti...
by ThisTimeItsDifferent
Tue Jan 17, 2017 6:24 pm
Forum: Personal Investments
Topic: When is a 401k not worth it?
Replies: 32
Views: 3165

Re: When is a 401k not worth it?

BlackRock S&P 500 Index Instl .11%

That's a great low ER with a legitimate low cost provider. Jump on it.
by ThisTimeItsDifferent
Tue Jan 17, 2017 11:00 am
Forum: Personal Finance (Not Investing)
Topic: IRS estimated payment - be careful of due date if paying online
Replies: 12
Views: 2677

Re: IRS estimated payment - be careful of due date if paying online

The IRS Directpay site says

"The payment date below is the date you will get credit for the payment. If your payment is due today, schedule the next business day for your payment to avoid penalties and interest."
by ThisTimeItsDifferent
Mon Jan 16, 2017 2:43 pm
Forum: Personal Consumer Issues
Topic: Streaming TV for Elderly Parents
Replies: 39
Views: 9771

Re: Streaming TV for Elderly Parents

Every year, one can call, get the new customer one year lower price, then at the end of the year start the service at that address with a new family member, and then repeat with the first person next time.
by ThisTimeItsDifferent
Thu Jan 12, 2017 5:59 pm
Forum: Personal Investments
Topic: [Help Evaluating Legal & General S&P 500® Collective Investment Trust Fund Class A]
Replies: 16
Views: 5768

[Help Evaluating Legal & General S&P 500® Collective Investment Trust Fund Class A]

I was pretty irritated and was going to transfer the assets to my Brokeragelink account but then I found the ER is 0.01% https://nb.fidelity.com/public/nb/bannerhealth/fundDetail?fundId=OZ0E&planId=57621 And this is what a Collective Investment Trust is: http://www.investopedia.com/terms/c/collecti...
by ThisTimeItsDifferent
Sat Jan 07, 2017 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: New Roth IRA account for backdoor Roth?
Replies: 12
Views: 1061

Re: New Roth IRA account for backdoor Roth?

Even without taxes, using a separate new Roth account to hold the conversion can still be useful. If there is a loss after the conversion, a separate Roth allows you more easily to recharacterize back to a tIRA, get a return of contribution from the tIRA of the current, lower, balance, and then put...
by ThisTimeItsDifferent
Sat Jan 07, 2017 5:37 pm
Forum: Personal Finance (Not Investing)
Topic: New Roth IRA account for backdoor Roth?
Replies: 12
Views: 1061

Re: New Roth IRA account for backdoor Roth?

Even without taxes, using a separate new Roth account to hold the conversion can still be useful. If there is a loss after the conversion, a separate Roth allows you more easily to recharacterize back to a tIRA, get a return of contribution from the tIRA of the current, lower, balance, and then put ...
by ThisTimeItsDifferent
Fri Dec 16, 2016 10:00 am
Forum: Investing - Theory, News & General
Topic: Why should one invest in 401k to mathcing, then Roth IRA, then back to 401k?
Replies: 29
Views: 3621

Re: Why should one invest in 401k to mathcing, then Roth IRA, then back to 401k?

I think it is also about tax diversification. You can have some pre tax (traditional 401k) and some post tax (Roth) assets available and can choose from which to withdraw depending on your income tax situation any particular year and as a hedge against possible higher future tax rates or tax law cha...
by ThisTimeItsDifferent
Fri Dec 09, 2016 3:14 pm
Forum: Personal Consumer Issues
Topic: Advice on Medical Alert System
Replies: 15
Views: 1606

Re: Advice on Medical Alert System

While watching a TV ad for one of these alert systems, what occurred to me is just how emergency assistance folks could access the residence - if the person cannot let them in? Break down the front door? The resident usually puts a key storage combination lock on the door and the monitoring company...
by ThisTimeItsDifferent
Mon Sep 05, 2016 8:28 pm
Forum: Personal Investments
Topic: Got [a bad deal] on muni bonds
Replies: 66
Views: 8661

Re: Got [a bad deal] on muni bonds

A senior citizen friend bought a new issue 4% coupon 30 year long municipal bond at par at Edward Jones and paid a 5% commission. There goes over a year of interest. At the friend's marginal tax rate, I doubt it was a great choice at any commission. I was asked for advice about it afterwards.... It...
by ThisTimeItsDifferent
Fri Sep 02, 2016 8:56 pm
Forum: Personal Investments
Topic: Got [a bad deal] on muni bonds
Replies: 66
Views: 8661

Re: Got [a bad deal] on muni bonds

An senior citizen friend bought a new issue 4% coupon 30 year long municipal bond at par at Edward Jones and paid a 5% commission. There goes over a year of interest. At the friend's marginal tax rate, I doubt it was a great choice at any commission. I was asked for advice about it afterwards....
by ThisTimeItsDifferent
Fri Sep 02, 2016 2:18 pm
Forum: Investing - Theory, News & General
Topic: [Article: "Can Pennsylvania confiscate your IRA?"]
Replies: 23
Views: 4205

Re: Pennsylvania will liquidate abandoned retirement accounts after 3 years of inactivity

http://www.overlawyered.com/2016/06/unclaimed-property-supreme-court/ Some states don't even try to reach the so-called dormant account holders, relying just on no "activity" rather than returned mail or any other effort to reach people. "Hello, have you heard of facebook?" "Hello, the IRS and other...
by ThisTimeItsDifferent
Fri Sep 02, 2016 1:23 pm
Forum: Investing - Theory, News & General
Topic: [Article: "Can Pennsylvania confiscate your IRA?"]
Replies: 23
Views: 4205

Re: Pennsylvania will liquidate abandoned retirement accounts after 3 years of inactivity

I'm sure the states try really hard to find the account holders before they escheate/sieze the funds. Everybody reads the tiny print ads in low circulation newspapers in the states where the businesses are incorporated. Wait some states don't even budget money to run even those ads. They should have...
by ThisTimeItsDifferent
Wed Aug 10, 2016 3:03 pm
Forum: Personal Consumer Issues
Topic: Property tax increase: Worth appealing? DYI or use attorney?
Replies: 42
Views: 4002

Re: Property tax increase: Worth appealing? DYI or use attorney?

Only thing I haven't seen - what is the actual dollar value cost to you in taxes? Did your tax rate change too or did that stay stable? I've seen nearby towns say the decreased their property taxes 2% "Woohoo - aren't we responsible to our constituents!" only to have raised assessments 5% shortly t...
by ThisTimeItsDifferent
Tue Aug 09, 2016 7:56 pm
Forum: Personal Investments
Topic: Thoughts on Synchrony High Yield
Replies: 7
Views: 1443

Re: Thoughts on Synchrony High Yield

I have $17,000 to invest and I want to put it into a high yield savings account. Is Synchrony a good choice? They were listed at the top on bankrate.com Thanks! I'm a synchrony customer and am reasonably satisfied but I would also note that their account opening procedure in the past was confusing....
by ThisTimeItsDifferent
Mon Aug 08, 2016 5:20 pm
Forum: Personal Investments
Topic: synchrony bank for CD
Replies: 13
Views: 2340

Re: synchrony bank for CD

Hulk wrote:
rrppve wrote:Have a CD there. They're fine. What's the concern?
no concern, just never bought a CD
Their web site does not reliably download into Quicken, but they are not the only one with that issue. I saw that nwfcu had slightly higher rates for 5 year cds the last time I checked.
by ThisTimeItsDifferent
Thu Aug 04, 2016 9:09 pm
Forum: Personal Finance (Not Investing)
Topic: DCSA: Lost my money?
Replies: 5
Views: 1472

Re: DCSA: Lost my money?

Hi, Recently (April) my wife switched jobs. Because of the job switch we no longer needed child care. I canceled my contribution to my DCSA at that time. There is about $600 in the account. Because one of the valid uses of this account is "Summer Day Camps" we signed my kid up for camp, paid for it...
by ThisTimeItsDifferent
Wed Aug 03, 2016 9:15 am
Forum: Personal Finance (Not Investing)
Topic: Problem setting up Quicken for Fidelity Visa Elan
Replies: 13
Views: 6451

Re: Problem setting up Quicken for Fidelity Visa Elan

I'm trying to get Quicken to automatically download activity from my new Fidelity Visa. Based on info posted on a previous thread, I ID'd the credit card as coming from Elan. When Quicken asks for user name and password I put in my Fidelity info and then it asks me a security question that I can't ...
by ThisTimeItsDifferent
Sun Jul 31, 2016 6:49 pm
Forum: Personal Consumer Issues
Topic: Eastern Europe Trip Planning - Advise?
Replies: 34
Views: 5889

Re: Eastern Europe Trip Planning - Advise?

Hi ThisTimeIsDifferent: This trip started out as just a trip to Prague, so we definitely want to do Prague. The other two cities got tacked on, but Prague is the main one we would like to do. I see you've already added two cities, Vienna and Budapest, but I would consider adding Bratislava also or ...
by ThisTimeItsDifferent
Sat Jul 30, 2016 10:34 pm
Forum: Personal Consumer Issues
Topic: Eastern Europe Trip Planning - Advise?
Replies: 34
Views: 5889

Re: Eastern Europe Trip Planning - Advise?

I can recommend Bratislava also. It's closer to Vienna and Budapest than Prague.
by ThisTimeItsDifferent
Fri Jul 15, 2016 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: Filed Flexible Spending Account Late - Being Denied $5K spent
Replies: 20
Views: 4278

Re: Filed Flexible Spending Account Late - Being Denied $5K spent

The money is used by the plan to offset the opposite situation. A lot of people do not realize this, but you can draw out your entire year's contribution on the first day of the year, even though you may have contributed nothing. That's only true for medical FSAs not dependent case FSAs. For the la...
by ThisTimeItsDifferent
Sat Jul 09, 2016 4:31 pm
Forum: Personal Investments
Topic: Roth IRA - Bonds or Stocks?
Replies: 7
Views: 1289

Re: Roth IRA - Bonds or Stocks?

Same current and future tax rate, same net results tax rate 0.3 bond return 0.01 stock return 0.05 years 30 pre tax amt invested amount pre-withdrawal amount post-withdrawal amount roth bonds 5000 3500 4717 4717 traditional stock 5000 5000 21610 15127 total 10000 8500 26327 19844 pre tax amt invest...
by ThisTimeItsDifferent
Sat Jul 09, 2016 11:35 am
Forum: Personal Investments
Topic: Roth IRA - Bonds or Stocks?
Replies: 7
Views: 1289

Re: Roth IRA - Bonds or Stocks?

I think we are saying the same thing. If you tax adjust your asset allocation, it doesn't matter what you invest where. If your marginal rate is lower now, it is better to take the roth IRA/401k and pay taxes now. If your marginal rate is lower later, it is better to take the traditional IRA/401k an...
by ThisTimeItsDifferent
Sat Jul 09, 2016 10:47 am
Forum: Personal Investments
Topic: Roth IRA - Bonds or Stocks?
Replies: 7
Views: 1289

Re: Roth IRA - Bonds or Stocks?

I asked a similar question recently. https://www.bogleheads.org/forum/viewtopic.php?f=1&t=191668&p=2911377#p2911377 Ultimately though, for the same pre-tax amounts in the same pre-tax asset allocation, if the marginal tax rate is the same now and in the future, then it doesn't matter which you put w...
by ThisTimeItsDifferent
Tue Jun 21, 2016 7:11 pm
Forum: Personal Investments
Topic: What to do after a goof leaves $10k sitting in settlement fund
Replies: 9
Views: 1459

Re: What to do after a goof leaves $10k sitting in settlement fund

You should be able to contact Vanguard via phone or mail to request a trade. The anti-frequent-trading restriction is just for online trades. I believe it applies to phone as well as on-line. Snail-mail, however, will work. I have read that the policy does not apply to scheduled periodic transactio...
by ThisTimeItsDifferent
Fri Jun 17, 2016 1:37 pm
Forum: Personal Investments
Topic: What should I do with my 401k? (New Job)
Replies: 3
Views: 399

Re: What should I do with my 401k? (New Job)

No longer employed with company and have $27,000 sitting in a T. Rowe Price 2045 Target retirement account with a .45 ER. The current AA is 90/10. It looks like there are several Vanguard funds available through T. Rowe Price or should I roll it into a Vanguard tIRA instead? I currently am a contra...
by ThisTimeItsDifferent
Fri Jun 10, 2016 7:04 pm
Forum: Personal Investments
Topic: Should I do a Backdoor Roth?
Replies: 6
Views: 1550

Re: Should I do a Backdoor Roth?

Depends on how much of the other 30k in your traditional IRA is contributions and how much is gains. If this is mostly contributions, say, 4 years worth of $5,500 contributions for a total of 22k, and you do a new $5,500 contribution, then only a small share of the rollover is gains and you probabl...
by ThisTimeItsDifferent
Fri May 27, 2016 9:35 am
Forum: Personal Investments
Topic: Xfer 401K Company Stock to ??
Replies: 2
Views: 310

Re: Xfer 401K Company Stock to ??

Are you planning to use the Net Unrealized Appreciation NUA approach to reduce the taxes on the company stock in the 401k when you retire and start withdrawals? That allows you to pay income tax rates on the original basis of the stock and long term capital gains tax rates on the increase, provided ...
by ThisTimeItsDifferent
Tue May 24, 2016 10:12 am
Forum: Personal Investments
Topic: Do I really need a new Roth IRA?
Replies: 3
Views: 863

Re: Do I really need a new Roth IRA?

Definitely keep a separate account! Vanguard's calculations for net attributable income if you do not have a separate account can move extra money from your original Roth into the originating traditional IRA. They calculate the dollar amount needed to recharacterize as of the end of one business day...
by ThisTimeItsDifferent
Fri May 20, 2016 6:49 pm
Forum: Personal Finance (Not Investing)
Topic: IRA-to-Roth conversion in Vanguard
Replies: 23
Views: 3138

Re: IRA-to-Roth conversion in Vanguard

Would you or someone here please explain why it is better to open a new Roth for conversion, instead of using an existing one? It makes recharacterization easier if that turns out to be something one wants to do. If recharacterization does not happen, one can move the assets in the newly opened Rot...
by ThisTimeItsDifferent
Thu May 19, 2016 9:19 pm
Forum: Personal Investments
Topic: Bonds in backdoor Roth or good 401k
Replies: 1
Views: 347

Bonds in backdoor Roth or good 401k

Hi, I could post my whole portfolio in the recommended format but I have a quick question. I have all very low cost index funds, long term, regularly scheduled periodic investments.... Should one keep any of one's Roth in bonds or since bonds returns are longer term lower than stocks, should one kee...
by ThisTimeItsDifferent
Thu May 19, 2016 12:45 pm
Forum: Personal Investments
Topic: Is my Financial Advisor worth his salt?
Replies: 56
Views: 6667

Re: Is my Financial Advisor worth his salt?

Nowadays I would not invest in a non-deductible traditional IRA unless the contribution could be converted in a short reasonable time to a Roth IRA. Why is that, livesoft? Feel free to pm me if that's preferable to hijacking this thread. A non deductible traditional ira instead of a taxable account...
by ThisTimeItsDifferent
Sun May 15, 2016 8:49 pm
Forum: Personal Investments
Topic: Quick SPIA question
Replies: 9
Views: 1638

Re: Quick SPIA question

What happens if you have the maximum covered amount at two companies and then one company buys the other?
by ThisTimeItsDifferent
Fri May 13, 2016 7:02 pm
Forum: Personal Finance (Not Investing)
Topic: Advice to Newlyweds w/ Differing Views on Personal Finance
Replies: 22
Views: 2823

Re: Advice to Newlyweds w/ Differing Views on Personal Finance

BL wrote:I would suggest having each person set up automatic deposits to joint accounts for specific purposes rather than you "billing" her. I wouldn't put everything in joint.

+1 for APB above.
+1 for automatic deposits starting from the beginning. Otherwise someone may "forget" :(
by ThisTimeItsDifferent
Fri May 13, 2016 6:58 pm
Forum: Personal Consumer Issues
Topic: Best "Life Alert" type device for 98 year old grandparents
Replies: 16
Views: 2399

Re: Best "Life Alert" type device for 98 year old grandparents

Some of them, like mobile help, user the cellular phone network as well as a base at home so they provide coverage outside the home.
by ThisTimeItsDifferent
Fri May 13, 2016 9:53 am
Forum: Personal Investments
Topic: Holding Only VFIAX In My Roth IRA????
Replies: 9
Views: 3880

Re: Holding Only VFIAX In My Roth IRA????

I keep my Vanguard Total Bond Market Fund in my 457 Plan and my taxable Vanguard account is 70% VTSAX and 30% VTIAX. I can't decide if I should just keep my ROTH the same 70/30 split as my taxable account or if it would be ok to have 100% in the VFIAX fund? I like the simplicity of the 3 fund portf...
by ThisTimeItsDifferent
Fri May 13, 2016 9:42 am
Forum: Personal Investments
Topic: Holding Only VFIAX In My Roth IRA????
Replies: 9
Views: 3880

Re: Holding Only VFIAX In My Roth IRA????

I would not put any IRA money in the same stock mutual fund as I have in taxable. It makes tax loss harvesting more difficult. If you make an IRA purchase or reinvestment within 30 days before or after a sale of that taxable mutual fund at a loss, then you lose the tax loss of the taxable account a...
by ThisTimeItsDifferent
Thu May 05, 2016 9:23 am
Forum: Personal Investments
Topic: VFIAX vs. VTSAX
Replies: 10
Views: 5392

Re: VFIAX vs. VTSAX

I'm looking to start a taxable account and have been going back and forth between these two funds. I want to keep my investing simple. I have a hefty amount to put in initially and then I will contribute smaller amounts monthly forever. I have some money already in the VTSAX through a ROTH IRA. I l...
by ThisTimeItsDifferent
Mon Apr 18, 2016 10:24 pm
Forum: Personal Investments
Topic: Edward Jones Exit Strategy
Replies: 15
Views: 3242

Re: Edward Jones Exit Strategy

OMG. 21 different funds! Well, every year, one of them will do better than average. :happy Of course the rest of them, and the overhead.... Seriously, I think the "friend" steered you wrong. Either he didn't know any better or he's not a real "friend." If he's still a friend after you leave and no l...
by ThisTimeItsDifferent
Mon Apr 18, 2016 10:13 pm
Forum: Personal Investments
Topic: Holding Only VFIAX In My Roth IRA????
Replies: 9
Views: 3880

Re: Holding Only VFIAX In My Roth IRA????

I would not put any IRA money in the same stock mutual fund as I have in taxable. It makes tax loss harvesting more difficult. If you make an IRA purchase or reinvestment within 30 days before or after a sale of that taxable mutual fund at a loss, then you lose the tax loss of the taxable account an...
by ThisTimeItsDifferent
Mon Apr 11, 2016 2:50 pm
Forum: Personal Consumer Issues
Topic: Rental Car Help
Replies: 29
Views: 2915

Re: Rental Car Help

I also use Autoslash to make reservations and more so to monitor prices and send alerts when prices fall.

For insurance, check your credit card, especially for international rentals.
by ThisTimeItsDifferent
Mon Apr 11, 2016 7:20 am
Forum: Personal Investments
Topic: Help me understand wash sales — can they offset anything at all?
Replies: 9
Views: 1001

Re: Help me understand wash sales — can they offset anything at all?

I think I'm starting to understand, but I'd appreciate some extra help: Back in January I sold some VASGX and realized a loss of -$4,852.04. I exchanged it for VFFVX which has now gone up by $3,918.86. VFFVX and VASGX are basically identical, so I know I can't claim that $4,852.04 loss on my taxes....
by ThisTimeItsDifferent
Thu Apr 07, 2016 9:21 am
Forum: Personal Investments
Topic: Changing new job-----portfolio allocation
Replies: 5
Views: 728

Re: Changing new job-----portfolio allocation

Since both the previous and new 401k accounts have good options and low ERs and you do not have existing Traditional IRAs, you may want to keep the previous 401k and not roll over to a traditional IRA, especially if you are above the income limit to make a Roth IRA contribution. If you roll over the...
by ThisTimeItsDifferent
Tue Mar 08, 2016 11:26 pm
Forum: Personal Investments
Topic: Recharacterization with Multiple Accounts at Vanguard
Replies: 22
Views: 2715

Re: Recharacterization with Multiple Accounts at Vanguard

Is it possible to get an actual separate account, and not just a subaccount? It has its own account name, account number, etc., all of which made me think I had a separate account. It is possible to get a separate account. To do that, one has to fill out the new account application. They "said" if ...
by ThisTimeItsDifferent
Tue Mar 08, 2016 10:59 pm
Forum: Personal Investments
Topic: Recharacterization with Multiple Accounts at Vanguard
Replies: 22
Views: 2715

Re: Recharacterization with Multiple Accounts at Vanguard

I ran into this as well. When I originally converted to a Roth, I called and specifically told them I wanted to isolate the new Roth and keep it separate from a previous Roth. Unbeknownst to me, they merely created a sub account not a real separate account. When I went to recharacterize later, they ...
by ThisTimeItsDifferent
Thu Feb 18, 2016 11:49 pm
Forum: Personal Investments
Topic: Can funds in your 529 College Savings cause a wash rule during TLH?
Replies: 3
Views: 893

Re: Can funds in your 529 College Savings cause a wash rule during TLH?

From everything I've read, though the IRS doesn't come out directly and say it, it sounds like "similar" funds in a 401k with bi-monthly contributions can cause a wash sale if the fund you are trying to TLH in your taxable is harvested while contributions are actively made to the "similar" funds. I...
by ThisTimeItsDifferent
Thu Feb 18, 2016 10:29 am
Forum: Investing - Theory, News & General
Topic: 20th Anniversary of Jack Bogle's heart transplant
Replies: 15
Views: 2634

Re: 20th Anniversary of Jack Bogle's heart transplant

Thank you so much Taylor and thank you so much Jack!
by ThisTimeItsDifferent
Tue Jan 26, 2016 1:27 pm
Forum: US Chapters
Topic: Happy Birthday Taylor!
Replies: 87
Views: 8820

Re: Happy Birthday Taylor!

Happy Birthday!
by ThisTimeItsDifferent
Fri Jan 15, 2016 10:10 am
Forum: Investing - Theory, News & General
Topic: Is VITPX is the most cheapest of all index mutual funds?
Replies: 15
Views: 3083

Re: Is VITPX is the most cheapest of all index mutual funds?

When the ERs are that low, isn't tracking error likely more significant than a difference of 0.01 or less?
by ThisTimeItsDifferent
Mon Jan 11, 2016 6:02 pm
Forum: Personal Investments
Topic: (Backdoor) Roth conversion/recharacterization, separate Roth acount
Replies: 7
Views: 950

Re: (Backdoor) Roth conversion/recharacterization, separate Roth acount

Thanks again. The only downside I see to the separate Roth IRA account is that the $5500 contribution/conversion amount may not be eligible for Admiral shares' lower ER. The typical difference of ER's between Admiral and Investor shares makes that less than $10/year though. I understand "if you chan...