Search found 245 matches

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: 1022

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: 3558

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: 1519

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: 8411

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: 8411

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: 4108

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: 4108

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: 3889

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: 1411

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: 2318

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: 1457

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: 6111

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: 5289

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: 5289

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: 3913

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: 1266

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: 1266

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: 1266

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: 1429

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: 395

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: 1529

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: 302

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: 855

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: 3096

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: 341

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: 6403

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: 1629

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: 2793

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: 2349

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: 3209

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: 3209

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: 4966

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: 3214

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: 3209

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: 2859

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: 996

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: 718

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: 2648

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: 2648

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: 822

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: 2595

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: 8554

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: 2931

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: 930

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...
by ThisTimeItsDifferent
Mon Jan 11, 2016 2:19 pm
Forum: Personal Investments
Topic: (Backdoor) Roth conversion/recharacterization, separate Roth acount
Replies: 7
Views: 930

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

Another possible benefit is withdrawing the original contribution reduced by negative earnings and re contributing the full amount. If you have converted, you first need to recharacterize the conversion back to the TIRA, then request a return of the original contribution now reduced by investment l...
by ThisTimeItsDifferent
Mon Jan 11, 2016 10:42 am
Forum: Personal Investments
Topic: (Backdoor) Roth conversion/recharacterization, separate Roth acount
Replies: 7
Views: 930

(Backdoor) Roth conversion/recharacterization, separate Roth acount

Assuming one has no other traditional IRAs but does have other Roth IRAs and has only a single traditional IRA with all (or a single) non-deductible contributions, would one ever want to re-characterize a Roth conversion? I cannot think of a reason... I realize that if there are amounts other than b...
by ThisTimeItsDifferent
Thu Jan 07, 2016 9:57 am
Forum: Personal Investments
Topic: Back Door Roth/IRA contributions
Replies: 7
Views: 940

Re: Back Door Roth/IRA contributions

I used to DCA my non deductible traditional IRA contributions through the year then convert to a Roth at the end of the year. I decided for the relatively small amount of money, the extra time and bookkeeping, and the possibility of a small tax imposition, it wasn't worth it. Now, I just contribute ...
by ThisTimeItsDifferent
Sun Jan 03, 2016 8:46 pm
Forum: Investing - Theory, News & General
Topic: "Vanguard converting mutual fund accounts to brokerage?
Replies: 420
Views: 92643

Re: Vanguard converting mutual fund accounts to brokerage?

2. I already had a Roth account at Vanguard but created a new Roth Brokerage account to hold my rollover-conversion funds, in case I want to recharacterize the conversion in the future. I don't know if this has anything to do with the brokerage upgrade, but I appreciate the capability. . 6. In my b...
by ThisTimeItsDifferent
Fri Jan 01, 2016 11:02 pm
Forum: Personal Investments
Topic: Roll Call for Tax-Loss Harvesting Class of 2015
Replies: 62
Views: 5089

Re: Roll Call for Tax-Loss Harvesting Class of 2015

First time ever, $15k in losses realized this year from t rowe price prfdx and prsvx NAV losses over the last 4 years and from 1999 & 2007. This was after $45k of distributions this year. :(
by ThisTimeItsDifferent
Wed Dec 30, 2015 5:14 pm
Forum: Personal Investments
Topic: Question regarding TLH
Replies: 9
Views: 745

Re: Question regarding TLH

If you can realize some losses to offset those distributions you should. Perhaps realize enough losses to cover all of the gains and distributions and still cover the $3k of regular income? One benefit of realizing losses would be to start converting your portfolio from active funds to more tax-eff...