Search found 103 matches

by NewbieBogle007
Wed Feb 24, 2021 3:21 pm
Forum: Personal Investments
Topic: Help me choose my 401k investment options to mimic VTIVX
Replies: 4
Views: 308

Re: Help me choose my 401k investment options to mimic VTIVX

Thanks so much, everyone. I was hesitant and this helped me pull the trigger.
by NewbieBogle007
Mon Feb 08, 2021 1:06 am
Forum: Personal Investments
Topic: Help me choose my 401k investment options to mimic VTIVX
Replies: 4
Views: 308

Help me choose my 401k investment options to mimic VTIVX

I'd like to mimic VTIVX Target 2045, which consists of: Vanguard Total Stock Market Index Fund Investor Shares 53.70% fee Vanguard Total International Stock Index Fund Investor Shares 36.60% Vanguard Total Bond Market II Index Fund Investor Shares† 6.90% Vanguard Total International Bond Index Fund ...
by NewbieBogle007
Sun Jan 17, 2021 10:29 pm
Forum: Personal Consumer Issues
Topic: What to do with Amazon gift cards?
Replies: 37
Views: 5529

Re: What to do with Amazon gift cards?

You can regift the ones you have not redeemed. As far as prices, Amazon is seldom the cheapest place to buy anything in my experience. Some good deals come up, though. You can find them by checking slickdeals.net from time to time. Do you watch movies, listen to music, or read? Amazon offers stream...
by NewbieBogle007
Mon Jan 04, 2021 3:50 pm
Forum: Personal Investments
Topic: Backdoor Roth - should I convert or rollover my Trad IRA?
Replies: 59
Views: 4186

Re: Backdoor Roth - should I convert or rollover my Trad IRA?

Well I'm trying to do this again for the 2021 year... When I try to buy prime money market VMMXX in my zeroed-out Trad IRA, it says they are no longer selling the fund. Why is this, and what's the next best alternative to be used for backdoor Roth? I am thinking VMFXX.
by NewbieBogle007
Fri Jan 01, 2021 7:49 pm
Forum: Personal Consumer Issues
Topic: Thoughts on iPhone 12? (replacing iPhone 6)
Replies: 62
Views: 4893

Re: Thoughts on iPhone 12? (replacing iPhone 6)

Nooo - stay away from iPhone 11- it has ancient (LCD) screen technology. iPhone 12 has OLED!
by NewbieBogle007
Wed Jul 15, 2020 12:05 pm
Forum: Personal Consumer Issues
Topic: Sudden loss in battery life: iPhone 7
Replies: 30
Views: 1819

Re: Sudden loss in battery life: iPhone 7

Your battery wear is shown in the settings. If below 80% then replace the battery. You should also check to see if any apps are using up excessive battery life. Don't pay any attention to the "your phone/battery is old" comments. It's all about your battery wear (which is based on history ...
by NewbieBogle007
Thu Jun 25, 2020 1:56 pm
Forum: Personal Consumer Issues
Topic: iPhone 7 plus to iPhone 11 Pro: Poor battery life. Time to upgrade?
Replies: 65
Views: 2587

Re: iPhone 7 plus to iPhone 11 Pro: Poor battery life. Time to upgrade?

The iPhone 7 Plus was discontinued in the fall of 2019, which means it was being sold up to that point, and it will therefore be supported for several more years. Get the $49 batter service from Apple. For optimal battery health, try to always keep it within 30-80% charge (more toward the middle and...
by NewbieBogle007
Fri Jun 12, 2020 12:51 pm
Forum: Personal Consumer Issues
Topic: I think I need a new computer
Replies: 135
Views: 7410

Re: I think I need a new computer

Your computer is extremely powerful for daily basic tasks. Run windows Refresh or Reset and install an SSD (the OS should be running off the SSD). Your computer will be smooth as butter for many more years! You want to do either A or B: A: Refresh your PC to reinstall Windows and keep your personal ...
by NewbieBogle007
Sun May 10, 2020 9:41 pm
Forum: Personal Finance (Not Investing)
Topic: What age do you use for retirement end date?
Replies: 68
Views: 4435

Re: What age do you use for retirement end date?

Dr. Anthony Fauci is 79! Why are you being so pessimistic?
by NewbieBogle007
Wed Mar 25, 2020 7:30 am
Forum: Personal Finance (Not Investing)
Topic: Ally 1% bonus, up to $250, sign up by 3/23
Replies: 252
Views: 24018

Re: Ally 1% bonus, up to $250, sign up by 3/23

I accidentally overdrew my outside bank account when trying to fund my new account for the promo. Ally suspended all my transferring capabilities. I was on the phone with them for over one hour yesterday evening while I waited for the rep to get a hold of someone at the "back office" to fi...
by NewbieBogle007
Mon Mar 16, 2020 6:06 pm
Forum: Personal Finance (Not Investing)
Topic: Ally 1% bonus, up to $250, sign up by 3/23
Replies: 252
Views: 24018

Re: Ally 1% bonus, up to $250

I"m assuming that if I transfer money to an existing Ally Savings account to qualify for the bonus, I can then move that money immediately within Ally (like to another eligible account, like a new CD) without losing the bonus? I don't believe so. I think you need to keep the money in the accou...
by NewbieBogle007
Wed Mar 04, 2020 9:07 pm
Forum: Personal Consumer Issues
Topic: Yet another mysterious unsolved problem with the Honda CRV [Infotainment Screen]
Replies: 41
Views: 6205

Re: Yet another mysterious unsolved problem with the Honda CRV [Infotainment Screen]

OP - did you try rebooting the infotainment system? You don't have to actually turn the car engine off.
by NewbieBogle007
Sun Feb 02, 2020 9:10 pm
Forum: Investing - Theory, News & General
Topic: Health equity investment fee. High or low?
Replies: 60
Views: 6213

Re: Health equity investment fee. High or low?

So from the Fido website, do we just "open an HSA," fill out the application, then there should be a wizard to transfer the HE funds to Fido? Yes, although you currently have to mail a Fido form to HE in order to complete the transfer. It's generally taken about 2-3 weeks for the funds to...
by NewbieBogle007
Sun Feb 02, 2020 2:37 pm
Forum: Investing - Theory, News & General
Topic: Health equity investment fee. High or low?
Replies: 60
Views: 6213

Re: Health equity investment fee. High or low?

So from the Fido website, do we just "open an HSA," fill out the application, then there should be a wizard to transfer the HE funds to Fido?
by NewbieBogle007
Sun Feb 02, 2020 9:42 am
Forum: Investing - Theory, News & General
Topic: Health equity investment fee. High or low?
Replies: 60
Views: 6213

Re: Health equity investment fee. High or low?

I logged into my HE account today and saw that they are lowering the investment fee to 0.03% monthly and capping it at $10 per month. In other words, you hit the cap at $33,333 of investments. Must be in response to all of the people transferring out to Fidelity. That makes it much more reasonable ...
by NewbieBogle007
Sat Feb 01, 2020 7:41 pm
Forum: Personal Investments
Topic: Backdoor Roth - should I convert or rollover my Trad IRA?
Replies: 59
Views: 4186

Re: Backdoor Roth - should I convert or rollover my Trad IRA?

I might be late as you seem to have gotten a handle on this, but I just wanted to say that I also did a back-door roth for the first time in 2019, and I found these links invaluable: From the bogleheads wiki. Explains everything very clearly. See the 8606 examples in particular: https://www.boglehe...
by NewbieBogle007
Sat Feb 01, 2020 7:15 pm
Forum: Investing - Theory, News & General
Topic: Health equity investment fee. High or low?
Replies: 60
Views: 6213

Re: Health equity investment fee. High or low?

I logged into my HE account today and saw that they are lowering the investment fee to 0.03% monthly and capping it at $10 per month. In other words, you hit the cap at $33,333 of investments. Must be in response to all of the people transferring out to Fidelity. That makes it much more reasonable ...
by NewbieBogle007
Fri Jan 31, 2020 6:40 pm
Forum: Personal Investments
Topic: Backdoor Roth - should I convert or rollover my Trad IRA?
Replies: 59
Views: 4186

Re: Backdoor Roth - should I convert or rollover my Trad IRA?

Got it. Thanks so much. I converted today and looks like I’m all set. You guys rock.
by NewbieBogle007
Fri Jan 31, 2020 11:36 am
Forum: Personal Investments
Topic: Backdoor Roth - should I convert or rollover my Trad IRA?
Replies: 59
Views: 4186

Re: Backdoor Roth - should I convert or rollover my Trad IRA?

Question about converting the $300 to my Roth: Can I convert it under 2019 tax year? My income will be lower in 2019. Also, the $6000 must be converted under the 2020 year since it came from a 2020 contribution, right?
by NewbieBogle007
Wed Jan 29, 2020 10:19 am
Forum: Personal Investments
Topic: Backdoor Roth - should I convert or rollover my Trad IRA?
Replies: 59
Views: 4186

Re: Backdoor Roth - should I convert or rollover my Trad IRA?

So I created that traditional IRA (via re-characterization of Roth funds) in order to get below the income threshold that would qualify me for the savers credit several years ago. Therefore it was deductible back then I believe (it got me below the threshold).
by NewbieBogle007
Wed Jan 29, 2020 9:22 am
Forum: Personal Investments
Topic: Backdoor Roth - should I convert or rollover my Trad IRA?
Replies: 59
Views: 4186

Re: Backdoor Roth - should I convert or rollover my Trad IRA?

Okay so I guess I’d like to avoid the volatility.
My trad IRA with the $300 is a target 2045 fund.
So I can put the $6k into a prime money market fund for a day, under the same traditional IRA mentioned above, then convert both of these together and at once to my Roth IRA?
by NewbieBogle007
Tue Jan 28, 2020 9:47 pm
Forum: Personal Investments
Topic: Backdoor Roth - should I convert or rollover my Trad IRA?
Replies: 59
Views: 4186

Re: Backdoor Roth - should I convert or rollover my Trad IRA?

So at the beginning of this tutorial (https://www.physicianonfire.com/backdoor/), the author states, "I invest my non-deductible IRA contribution in the Prime Money Market Fund so day-to-day volatility is a non-issue." Why does this matter? It all gets accounted for in Form 8606, right? Is...
by NewbieBogle007
Wed Jan 22, 2020 8:02 pm
Forum: Personal Investments
Topic: Backdoor Roth - should I convert or rollover my Trad IRA?
Replies: 59
Views: 4186

Re: Backdoor Roth - should I convert or rollover my Trad IRA?

They say it is ok to round to 3 decimal points, but leave them all in there. That changes the next line to 5,999.99 ($6000) which is what it should be. This also changes line 13, 14, and 17. Your subtraction of line 17 from line 16 is incorrect. The taxable amount should be $300. :oops: Good for yo...
by NewbieBogle007
Wed Jan 22, 2020 8:01 pm
Forum: Personal Investments
Topic: Backdoor Roth - should I convert or rollover my Trad IRA?
Replies: 59
Views: 4186

Re: Backdoor Roth - should I convert or rollover my Trad IRA?

Thanks so much, everyone. I think I'm ready to do this.
by NewbieBogle007
Wed Jan 22, 2020 12:14 am
Forum: Personal Investments
Topic: Backdoor Roth - should I convert or rollover my Trad IRA?
Replies: 59
Views: 4186

Re: Backdoor Roth - should I convert or rollover my Trad IRA?

I worked through the Form 8606 (simulation for tax year 2019) but it doesn't look right. Where did I go wrong?

See here: https://ibb.co/vw2XsYH
by NewbieBogle007
Tue Jan 21, 2020 10:04 pm
Forum: Personal Investments
Topic: Backdoor Roth - should I convert or rollover my Trad IRA?
Replies: 59
Views: 4186

Re: Backdoor Roth - should I convert or rollover my Trad IRA?

Two vids that helped me. Explains the 8606: (I believe the author is a forum member) https://www.youtube.com/watch?v=w244kccgl84 Explains Turbo Tax procedure. https://www.youtube.com/watch?v=eGvHZqD-QMQ Can't believe I've never seen either of these! The first one is from White Coat Investor Jim Dah...
by NewbieBogle007
Tue Jan 21, 2020 10:02 pm
Forum: Personal Investments
Topic: Backdoor Roth - should I convert or rollover my Trad IRA?
Replies: 59
Views: 4186

Re: Backdoor Roth - should I convert or rollover my Trad IRA?

So I'm reading the instructions and here it reads: " To verify the nontaxable part of distributions from your IRAs, including Roth IRAs, keep a copy of the following forms and records until all distributions are made. Page 1 of Forms 1040 (or Forms 1040A, 1040NR, or 1040-T) filed for each year...
by NewbieBogle007
Mon Jan 20, 2020 11:12 pm
Forum: Personal Investments
Topic: Backdoor Roth - should I convert or rollover my Trad IRA?
Replies: 59
Views: 4186

Re: Backdoor Roth - should I convert or rollover my Trad IRA?

So I'm reading the instructions and here it reads: " To verify the nontaxable part of distributions from your IRAs, including Roth IRAs, keep a copy of the following forms and records until all distributions are made. Page 1 of Forms 1040 (or Forms 1040A, 1040NR, or 1040-T) filed for each year...
by NewbieBogle007
Mon Jan 20, 2020 10:06 pm
Forum: Personal Investments
Topic: Backdoor Roth - should I convert or rollover my Trad IRA?
Replies: 59
Views: 4186

Re: Backdoor Roth - should I convert or rollover my Trad IRA?

So I'm reading the instructions and here it reads: " To verify the nontaxable part of distributions from your IRAs, including Roth IRAs, keep a copy of the following forms and records until all distributions are made. Page 1 of Forms 1040 (or Forms 1040A, 1040NR, or 1040-T) filed for each year ...
by NewbieBogle007
Mon Jan 20, 2020 8:13 pm
Forum: Personal Investments
Topic: Backdoor Roth - should I convert or rollover my Trad IRA?
Replies: 59
Views: 4186

Re: Backdoor Roth - should I convert or rollover my Trad IRA?

Thanks so much. As I understand it, there would be no downside to doing the backdoor Roth IRA contribution instead of a regular Roth IRA should my income fall below the income limit. Is this correct?
by NewbieBogle007
Mon Jan 20, 2020 7:26 pm
Forum: Personal Investments
Topic: Backdoor Roth - should I convert or rollover my Trad IRA?
Replies: 59
Views: 4186

Re: Backdoor Roth - should I convert or rollover my Trad IRA?

Haha okay guys. I'll have to study the form then.
Another question - if I am not 100% sure I'll be over the income limit that will disqualify me from doing a regular Roth this year, should I just wait to do this at the end of the year?
by NewbieBogle007
Mon Jan 20, 2020 6:04 pm
Forum: Personal Investments
Topic: Backdoor Roth - should I convert or rollover my Trad IRA?
Replies: 59
Views: 4186

Re: Backdoor Roth - should I convert or rollover my Trad IRA?

Thanks for the replies.
So does Vanguard generate a tax form that I plug into my tax software to account for this? Or do I actually have to fill out that 8606 (just glancing at it makes me sleepy). Thanks!
by NewbieBogle007
Mon Jan 20, 2020 5:17 pm
Forum: Personal Investments
Topic: Backdoor Roth - should I convert or rollover my Trad IRA?
Replies: 59
Views: 4186

Re: Backdoor Roth - should I convert or rollover my Trad IRA?

Thanks.
Do I instruct Vanguard to withold federal income tax?
by NewbieBogle007
Mon Jan 20, 2020 1:16 am
Forum: Personal Investments
Topic: Backdoor Roth - should I convert or rollover my Trad IRA?
Replies: 59
Views: 4186

Re: Backdoor Roth - should I convert or rollover my Trad IRA?

By doing this, how is it clear that only the $300 is being taxed for the conversion to Roth, and not the full $6300?
by NewbieBogle007
Sun Jan 19, 2020 1:14 am
Forum: Personal Investments
Topic: Backdoor Roth - should I convert or rollover my Trad IRA?
Replies: 59
Views: 4186

Re: Backdoor Roth - should I convert or rollover my Trad IRA?

Thanks for all the replies. So How should I proceed? Do I put $6k into the Traditional IRA that contains the $300, and then transfer all of it over to my current Roth IRA?
by NewbieBogle007
Tue Jan 14, 2020 8:59 pm
Forum: Personal Investments
Topic: Backdoor Roth - should I convert or rollover my Trad IRA?
Replies: 59
Views: 4186

Backdoor Roth - should I convert or rollover my Trad IRA?

I'm planning on doing a backdoor Roth this month because my income will be too high this year to contribute to a Roth IRA. I have all of my retirement funds in a work 403B, work Roth 457, Roth IRA, with the exception of about $300 in a traditional IRA (which is a remnant from a recharacterization I ...
by NewbieBogle007
Mon Jan 06, 2020 10:53 pm
Forum: Personal Consumer Issues
Topic: Car totaled, how does it work
Replies: 57
Views: 3006

Re: Car totaled, how does it work

Insurance will likely be generous paying out your totaled car, as they pay you what it would cost you to buy a comparable car at dealership/retail price based on your area. You would come out even or ahead.
by NewbieBogle007
Mon Nov 11, 2019 10:51 am
Forum: Personal Consumer Issues
Topic: After 2 weeks on new job, I am wanting to return to my old job, this is a terrible idea right?
Replies: 74
Views: 9907

Re: After 2 weeks on new job, I am wanting to return to my old job, this is a terrible idea right?

I'm not trying to be funny here, but I have a serious question: What does it mean to feel "not challenged enough" at your job -- especially if you are satisfied with your pay?
by NewbieBogle007
Wed Oct 09, 2019 6:37 pm
Forum: Personal Consumer Issues
Topic: My mechanic just wrecked my car - advice?
Replies: 101
Views: 8923

Re: My mechanic just wrecked my car - advice?

I'm amazed at the replies. 1. I would suggest NOT calling your own insurance company. 2. Get your car repaired at a shop of YOUR choice via THEIR insurance company (they should/might actually cut you a check). Similar thing happened to me years ago when a shop backed into something with my car. I wa...
by NewbieBogle007
Sat Sep 07, 2019 9:55 am
Forum: Personal Finance (Not Investing)
Topic: Dimishing value help!
Replies: 21
Views: 1376

Re: Dimishing value help!

The issue of who is at fault at the accident will be difficult to sort out. If the driver entered the intersection before the light turned red, your wife would be at fault. Even if your wife has a green light, she is required to not enter the intersection until all other vehicles have cleared. If t...
by NewbieBogle007
Thu Sep 05, 2019 7:58 pm
Forum: Personal Consumer Issues
Topic: Geico vs Geico Insurance Claim. Can someone shed some light?
Replies: 6
Views: 986

Re: Geico vs Geico Insurance Claim. Can someone shed some light?

Why are you not pursuing the other party's insurance on your own? You should be on them like a rabid dog. I assume this is because you don't fully know the identity of the other party?
by NewbieBogle007
Thu Aug 29, 2019 7:00 pm
Forum: Personal Finance (Not Investing)
Topic: Should I purchase a $30k car?
Replies: 112
Views: 8437

Re: Should I purchase a $30k car?

Accord Sport looks sexier than any BMW twice its price, in my opinion.
by NewbieBogle007
Mon Aug 26, 2019 8:19 pm
Forum: Personal Consumer Issues
Topic: Honda CRV, Accord, or Toyota RAV? UPDATE
Replies: 57
Views: 5666

Re: Honda CRV, Accord, or Toyota RAV? UPDATE

Isn't the Honda oil dilution problem limited to the Turbo?
by NewbieBogle007
Wed Jul 17, 2019 4:47 pm
Forum: Personal Consumer Issues
Topic: Would you pay that much for parking?
Replies: 26
Views: 2306

Re: Would you pay that much for parking?

I disagree with some of the advice in this thread, so here's a different perspective: Regarding avoiding sun damage: UV index is highest from 10am to 4pm (during work hours, when your car is not at home) - you won't avoid the inevitable clear coat and headlight hazing if you park outside at your job...
by NewbieBogle007
Fri Jul 12, 2019 12:26 pm
Forum: Personal Consumer Issues
Topic: Automatic Watches
Replies: 92
Views: 7742

Re: Automatic Watches

I tried going automatic (bought an Orient diver), but I could not deal with the inaccuracy and having to re-set it if unworn for a few days. I returned it and bought my 3rd Citizen Eco-drive solar watch. My oldest one is from 2004 and it still works great. I adore all 3 of them.
by NewbieBogle007
Wed Jul 10, 2019 7:14 pm
Forum: Personal Finance (Not Investing)
Topic: Limit on combined retirement contribution?
Replies: 13
Views: 1218

Re: Limit on combined retirement contribution?

Regarding contributions to 403b and 457.... Does it matter if one is Roth and one is Trad?
by NewbieBogle007
Wed Jul 10, 2019 6:58 pm
Forum: Personal Consumer Issues
Topic: End of Support Chromebook
Replies: 68
Views: 9147

Re: End of Support Chromebook

The manufacturer won't push security updates to the device per their policy. If Google wanted to they could support the hardware for any length of time. For example windows does this. Windows doesn't care of your hardware is 20 years old or new. MS ends support all the time. I just checked Windows ...
by NewbieBogle007
Fri Jun 21, 2019 6:41 pm
Forum: Personal Consumer Issues
Topic: breathable office shoes
Replies: 16
Views: 2103

Re: breathable office shoes

Banana Republic has shoes with Ortholite insoles - which are leather and wick away moisture, keeping the foot very dry. I like.
by NewbieBogle007
Wed Jun 19, 2019 7:34 pm
Forum: Personal Investments
Topic: Changing jobs what to do with 403b
Replies: 10
Views: 618

Re: Changing jobs what to do with 403b

What would be the downside of leaving the 403b where it's at?