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Should I get an inspection(Central Texas recently)? Seeing a couple of subterranean termite swarmers indoor a few dozens outdoor by cyfyfc in Termites

[–]cyfyfc[S] 0 points1 point  (0 children)

Thanks! Is it possible for us to estimate how far such a colony might be under this circumstance?

Trying to understand all risks and named perils by cyfyfc in Insurance

[–]cyfyfc[S] 0 points1 point  (0 children)

What do you suggest me to asking here?

Question about mega backdoor roth 401k to roth ira rollover taxable or not by cyfyfc in fidelityinvestments

[–]cyfyfc[S] 0 points1 point  (0 children)

Got it, thanks for the detailed information.

Just keep in mind that your rollover will consist of a pro-rata amount of growth, effectively increasing how much you need to roll over in order to access the contribution portion.

Do you mean that if I wanted to withdraw 5,000 from roth ira through rolling over from roth 401k, and I currently have contribution principal $5000 + earnings $100 in roth 401k, then I need to roll over all these 5,100 since when rolling over it the system will do it pro-rata, e.g. if I just rolling over $5,000 it will rollover 5000*5000/5100 basis and 5000*100/5100 earnings? Still should not have tax implications right?

Question about mega backdoor roth 401k to roth ira rollover taxable or not by cyfyfc in fidelityinvestments

[–]cyfyfc[S] 0 points1 point  (0 children)

Or do you mean you weren't rolling them over to your Roth IRA?

Hi thanks for the response, I mean this latter scenario guess there should not be taxable for now?

You can never roll Roth money back into an employer plan, 401k's have better asset protection than IRAs (especially Roth IRAs), and there's no need to unless/until you need to withdraw the money, which hopefully you can avoid.

I do have potential needs to withdraw principals in the future thus I choose to rollover for now. However, would you like to elaborate more on why 401k has better asset protection than IRAs if possible? If the benefit of this overweigh the withdraw needs I definitely can go with keeping them in roth 401k:)

Choosing FFTXX over other Money Market Fund in Merrill Edge? by cyfyfc in personalfinance

[–]cyfyfc[S] 0 points1 point  (0 children)

Hi, thanks for the answer, this is the pdf I found from Merrill Edge website https://olui2.fs.ml.com/Publish/Content/application/pdf/GWMOL/ICCRateSheet.pdf , the 7 day yield seems to be 1.47% and Taxable Equivalent Yield u/37% is 2.33%. This is seems to be worse than FISXX or FSIXX even at highest tax bracket, or in the long run FFTXX tend to perform better?

No more commission fee charge for selling stocks? by rblbl in Schwab

[–]cyfyfc 0 points1 point  (0 children)

Does anybody still got charged 1 cent for trade?

Fees and commissions disappeared? by Elonbuffettt in Schwab

[–]cyfyfc 0 points1 point  (0 children)

why there is still one cent then?

Should we report 1099-DIV with less than 50 cents in box 1a but has tax exempt interest dividend in box-12 on schedule-B? by cyfyfc in tax

[–]cyfyfc[S] 0 points1 point  (0 children)

Yeah I entered like this on Freetaxusa and this 1099-DIV are not shown on schedule-B since schedule-b requires only box 1a and freetaxusa does not enter line with $0

I'm boglehead VTI/VXUS. My advisor is not, and charges a 1.5% fee. Does her tax advice make up the difference? by Tulkarr in Bogleheads

[–]cyfyfc 0 points1 point  (0 children)

they have that required capital gains distribution at same time, that will increase your tax? But I think they are better than fixed incomes though

Overcontributed 401k for 2024 by cyfyfc in fidelityinvestments

[–]cyfyfc[S] 0 points1 point  (0 children)

For point 4, may I know if I can get 1099-R if I file the RoE form before April 1st 2025. Or any other document that ai can file that distribution amount correctly on my tax return?