Search found 32 matches

by rduinvestor
Mon Jan 11, 2021 8:13 am
Forum: Personal Investments
Topic: Continue to purchase I bonds?
Replies: 7
Views: 994

Continue to purchase I bonds?

I started the process early last year (pre-correction) to convert my emergency fund into I bonds. My plan was to do 10k each year until it was converted. Right now I bonds have a fixed rate of 0% plus the inflation rate. It seems prudent to wait until the second half of this year to purchase.. Rates...
by rduinvestor
Wed Dec 30, 2020 1:35 pm
Forum: Personal Investments
Topic: Solo 401K Deadline Sanity Check
Replies: 14
Views: 495

Re: Solo 401K Deadline Sanity Check

Quick thank you to everyone who hopped on and helped answer this question.
by rduinvestor
Wed Dec 30, 2020 12:50 pm
Forum: Personal Investments
Topic: Solo 401K Deadline Sanity Check
Replies: 14
Views: 495

Re: Solo 401K Deadline Sanity Check

Thanks. That is helpful.
I can't find the same form for e-trade, but will keep looking.

Since our goal is to invest 100%, assuming we find the same form for e-trade, we can just specify that it is 100% election deferral and then we have until tax time to actually calculate what that amount is.
by rduinvestor
Wed Dec 30, 2020 12:29 pm
Forum: Personal Investments
Topic: Solo 401K Deadline Sanity Check
Replies: 14
Views: 495

Re: Solo 401K Deadline Sanity Check

I found that as well and I also found it confusing... In order to make a contribution for this year, you must establish your Solo 401(k) plan by December 31, 2020 and make your employee contribution election by the end of the calendar year That makes it seem like you have to do it by year end. Unles...
by rduinvestor
Wed Dec 30, 2020 12:07 pm
Forum: Personal Investments
Topic: Solo 401K Deadline Sanity Check
Replies: 14
Views: 495

Solo 401K Deadline Sanity Check

My SO has a Solo 401K (this is our first year of having it). I believe the deadline for 2020 contributions for both employer and employee contributions is when she files her taxes in 2021. Can someone with a solo 401k validate that is correct? I have been on hold with e-trade for 45 minutes and have...
by rduinvestor
Sun Oct 18, 2020 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: Experience Negotiating Homepath Property?
Replies: 0
Views: 227

Experience Negotiating Homepath Property?

Anyone have experience negotiating on a homepath property? We have not seen the actual unit yet, this would be a summer home on an island we have vacationed to on ever expanding durations over the past 5 years. This home was foreclosed on and is now owned by fannie mae. The water was not shut off, b...
by rduinvestor
Mon Jul 06, 2020 8:59 am
Forum: Personal Investments
Topic: Taxable Investment Advice
Replies: 6
Views: 915

Re: Taxable Investment Advice

What are the advantages of putting any IXUS? Why would I not put it all in IVV and rebalance the tax advantaged to hit my target allocation?
by rduinvestor
Mon Jul 06, 2020 7:55 am
Forum: Personal Investments
Topic: Taxable Investment Advice
Replies: 6
Views: 915

Re: Taxable Investment Advice

Thanks for the reply and insight! Is this account at Fidelity? Because iShares ETFs are not Fidelity ETFs. Yes, this account is held at Fidelity. Is this from a former job? Can she roll it into her solo 401k? Yes, it is a former job. I hadn't considered rolling it over to her 401k. Something I could...
by rduinvestor
Sat Jul 04, 2020 12:35 pm
Forum: Personal Investments
Topic: Taxable Investment Advice
Replies: 6
Views: 915

Re: Taxable Investment Advice

Thanks. By tax efficient placement, for every dollar I put into my taxable in international I would shift within my tax advantaged from international to domestic. My understanding is that I gain some tax advantage with the foreign tax credit that way, making it the more optimal investment in this sc...
by rduinvestor
Sat Jul 04, 2020 11:18 am
Forum: Personal Investments
Topic: Taxable Investment Advice
Replies: 6
Views: 915

Taxable Investment Advice

Emergency Fund: 6 Months Debt: Mortgage 20/yr 3% 336k (Just refinanced) Tax Filing Status: MFJ Marginal Tax Rate: 24% (15% Effective) Federal, 5.25% State State of Residence: NC Age: 42 Desired Asset Allocation: 77% Stocks (47% Domestic/30% Intl) / 23% Bonds (Manual emulation of a vanguard target 20...
by rduinvestor
Fri May 08, 2020 5:24 pm
Forum: Personal Investments
Topic: ETrade Solo 401k - VTSAX
Replies: 4
Views: 314

Re: ETrade Solo 401k - VTSAX

Thanks. I called e-trade and they said I could choose which lots I wanted to sell or exchange. Which means I am only limited to not selling the most recent 90 days worth of purchases. It seems highly unlikely I would need to rebalance anything from the last 90 days. I like the ability to purchase th...
by rduinvestor
Fri May 08, 2020 4:28 pm
Forum: Personal Investments
Topic: ETrade Solo 401k - VTSAX
Replies: 4
Views: 314

Re: ETrade Solo 401k - VTSAX

Is the only advantage to holding an ETF in this scenario avoiding the early redemption fee?
by rduinvestor
Fri May 08, 2020 10:53 am
Forum: Personal Investments
Topic: ETrade Solo 401k - VTSAX
Replies: 4
Views: 314

ETrade Solo 401k - VTSAX

My wife has a new solo 401k with E-Trade. When searching this forum I see advice recommending that people purchase VTI. Is there a reason not to purchase VTSAX in an ETrade solo 401k? It appears the expense ratio is 0.04% (same as on Vanguard), no transaction fee, no sales charge. There is a $49.99 ...
by rduinvestor
Tue Apr 28, 2020 12:13 pm
Forum: Personal Investments
Topic: E-Trade 401k Contribution - Specifying Employee vs. Employer?
Replies: 3
Views: 292

E-Trade 401k Contribution - Specifying Employee vs. Employer?

My wife just opened a new solo 401k with Etrade. To contribute, I am using the following steps: (1) Accounts -> Individual 401k -> Transfer Money (2) I then select an external funding source and the individual 401k At this point I am shown the your contribution to date w/ the limit that matches the ...
by rduinvestor
Sat Apr 11, 2020 12:33 pm
Forum: Personal Investments
Topic: Making first Solo 401k Contribution - Confirm Method
Replies: 9
Views: 503

Re: Making first Solo 401k Contribution - Confirm Method

Thanks everyone for the help. My wife and I sat down and worked through the worksheet in IRS publication 560 linked above. We ended up with the same numbers as I get from the fidelity solo 401k calculator. Follow up question. As it stands, due to Covid my wife's income will likely be below the elect...
by rduinvestor
Wed Apr 08, 2020 9:09 am
Forum: Personal Investments
Topic: Making first Solo 401k Contribution - Confirm Method
Replies: 9
Views: 503

Re: Making first Solo 401k Contribution - Confirm Method

Thanks! Just to clarify, let me use numbers to make sure I am understanding this: Income = 12,000 Expenses = 2,000 The contribution amount would be: Income - Expenses - 1/2 self-employment taxes - 10% holdback. 12,000 - 2,000 - (7.65% * (12,000 - 2000)) = 10,000 - 765 = $9235 - $923.50 = $8311.50 Is...
by rduinvestor
Wed Apr 08, 2020 6:59 am
Forum: Personal Investments
Topic: Making first Solo 401k Contribution - Confirm Method
Replies: 9
Views: 503

Making first Solo 401k Contribution - Confirm Method

Hello - Last year my wife started a business. In 2019, the business netted a loss as it was starting up. She had two gigs which she did in December and was paid for in January. We reported the business loss on our schedule C on the 2019 taxes. I want to ensure I have the method for contribution corr...
by rduinvestor
Sat Mar 28, 2020 8:20 am
Forum: Personal Finance (Not Investing)
Topic: CARES act for newly Self-Employed individuals
Replies: 0
Views: 208

CARES act for newly Self-Employed individuals

Trying to understand the how the CARES act works for those who are self employed. Some background. My DW left her job mid last year and started her own consulting company. In 2019, she was starting the business and in the end lost money (around $2k). She had her first job in December and was paid in...
by rduinvestor
Tue Mar 24, 2020 5:15 pm
Forum: Personal Finance (Not Investing)
Topic: How much am I hurting myself my reducing 401k contributions
Replies: 25
Views: 2462

Re: How much am I hurting myself my reducing 401k contributions

Serious question... Why even have Roth IRA if you are using CDs in there?

Saving taxes on less than 2% interest?

It seems like an incredible waste of tax advantaged space and most people would consider me a conservative investor.
by rduinvestor
Wed Mar 18, 2020 6:00 am
Forum: Personal Finance (Not Investing)
Topic: Stimulus Checks - Best way to use to help economy?
Replies: 2
Views: 647

Stimulus Checks - Best way to use to help economy?

I am a planner. If every tax payer receives a stimulus check. What is the most effective way of using it to help the economy? Barring unforeseen circumstances (haha, right now), we won't need the money for basic necessities and EF is fully funded. We have a small restaurant budget usually ($200 a mo...
by rduinvestor
Tue Mar 17, 2020 6:44 am
Forum: Personal Investments
Topic: Trying to understand 5% rebalancing
Replies: 2
Views: 329

Trying to understand 5% rebalancing

Hello - I don't have a formal IPS, but if I did it would say I rebalance when I am 5% out of balance. I am trying to understand exactly how to calculate that with my individual holdings. I have two separate asset allocations, one for when I turn 57 (retirement target) and one for when I turn 59 1/2....
by rduinvestor
Thu Mar 12, 2020 9:05 pm
Forum: Personal Finance (Not Investing)
Topic: After Tax Contributions to 403(b)
Replies: 1
Views: 113

Re: After Tax Contributions to 403(b)

Sort of.
You want to convert the after tax money to Roth as soon as possible. Depending on your provider, it can even be done automatically.

If you do it asap you avoid as much capital gains taxes as possible.
by rduinvestor
Thu Mar 12, 2020 8:08 am
Forum: Personal Investments
Topic: Exchanging ETFs in Taxable Account. Domestic -> International
Replies: 0
Views: 110

Exchanging ETFs in Taxable Account. Domestic -> International

A small amount of my portfolio is sitting in a taxable account with ETFs, these are fidelity iShares IVV which is a S&P 500 ETF. If I were to invest any new money into this account, it would be international to take advantage of Tax Efficient Fund Placement. I would not alter my AA, just modify ...
by rduinvestor
Thu Mar 12, 2020 4:32 am
Forum: Personal Finance (Not Investing)
Topic: Refinancing home with the car loan added or not?
Replies: 9
Views: 627

Re: Refinancing home with the car loan added or not?

Assuming you are taking the standard deduction why would you want to pay for a car for 30 years?
by rduinvestor
Wed Mar 11, 2020 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: Any concerns on opening an e-trade solo 401k w/ the Morgan Stanley Acquisition?
Replies: 0
Views: 173

Any concerns on opening an e-trade solo 401k w/ the Morgan Stanley Acquisition?

My wife has a business and we would like to open a solo 401k. Retirement is a minimum 12 years away. Retirement accounts are currently spread across Fidelity (85%), Vanguard Roth IRAs (5%) and TIAA (10%) Priorities are: Low Fees Ease of Contribution Non-Goals Account Consolidation (I don't mind mana...
by rduinvestor
Sat Mar 07, 2020 8:13 am
Forum: Personal Finance (Not Investing)
Topic: File amended state returns if the amount doesn't change?
Replies: 3
Views: 261

File amended state returns if the amount doesn't change?

I made a mistake on my 2019 federal return and I am now filing and amended return along with a check for $2. Full story over here https://www.bogleheads.org/forum/viewtopic.php?f=2&t=306078 TurboTax generated amended returns for NC and NY (non-resident), however the amounts owed didn't change fo...
by rduinvestor
Fri Mar 06, 2020 10:53 am
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth IRA - Multiple year contributions and Form 8606
Replies: 7
Views: 325

Re: Backdoor Roth IRA - Multiple year contributions and Form 8606

I wonder if you can take care of this using only the Form 8606? Is your return correct except that you didn't do that form? How much did you contributed total and how much did you convert and when did you do the conversion? Nope.. In 7 day vanguard purgatory period between the ACH and being able to...
by rduinvestor
Fri Mar 06, 2020 10:09 am
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth IRA - Multiple year contributions and Form 8606
Replies: 7
Views: 325

Re: Backdoor Roth IRA - Multiple year contributions and Form 8606

Download the 2018 Form 8606 from the internet (or go back to your software from 2018) and fill in lines 1, 3, and 14. Do one for each of you. Sign and mail them to the IRS. Use Line 14 on that form for Line 2 on the 2019 form.

Thanks!
by rduinvestor
Fri Mar 06, 2020 8:31 am
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth IRA - Multiple year contributions and Form 8606
Replies: 7
Views: 325

Backdoor Roth IRA - Multiple year contributions and Form 8606

I have done a fair amount of searching but can't find an answer to what I believe must be a fairly common scenario. Both my wife and I opened our first traditional IRAs last year in late March. We both contributed the maximum amount. $5500 for the 2018 tax year and $6000 for the 2019 tax year. Where...
by rduinvestor
Mon Dec 30, 2019 10:27 am
Forum: Personal Investments
Topic: Should I be investing my "home repair" fund?
Replies: 10
Views: 912

Re: Should I be investing my "home repair" fund?

Can you clarify a bit on your 20k in your emergency fund? Is that your total emergency fund or just what you have for house repair emergencies? I do envelope budgeting, so I have 43k in cash for my "unemployment emergency", 2k for "car repair emergency", $2k for "family emer...
by rduinvestor
Sat Dec 28, 2019 10:58 pm
Forum: Personal Investments
Topic: Should I be investing my "home repair" fund?
Replies: 10
Views: 912

Should I be investing my "home repair" fund?

I do envelope budgeting and have 14k sitting in a savings account earning 1.7%. I put 5k per year into this fund and have been for the past 4 years. We used it for the first time this past year to paint the outside of the house. The house is coming up on 10 years old and it is a semi-custom home tha...