You really are a dumb fuck if you don't think your investments are not affected by the political economy.
Keytruda has more than quadrupled revenue in the last two years ($500 million to >$2 billion per quarter). Incredible growth.
Last year I rolled over 401k to my new employers 401k. I got two separate 1099-R forms in mail this week one for the Roth 401k and one for traditional 401k. Why am I getting taxed on the earnings from my Roth 401k rollover? They have my earnings in box 2a. Any tax experts assist? Thanks
Did you complete the rollover within 60 days of the distribution? The earnings haven’t been taxed yet and this wouldn’t be a qualified distribution. You’ll be able to get this fixed if you can prove the rollover was done timely. Sometimes even if it wasn’t.
This was the code on the form. Direct rollover of a designated Roth account distribution to a Roth IRA
Probably. Your new 401(k) definitely has a Roth option right? I’d recommend against rolling over to the 401(k) and just open up an IRA and Roth IRA if you don’t already.
I would contact the 1099R issuer and inquire about why it was marked as taxable and then follow up with your new 401(k) administrator if the issuer can’t resolve it. A Roth to Roth rollover should have no tax impact for you currently.
It could but it would only be because, as I mentioned earlier, the rollover didn't happen within 60 days after the distribution was made, thus making it a non-qualified distribution. It's probably going to take some time and headaches but based on what you're saying you ultimately shouldn't pay any tax on the distribution this year. Just another reason I would suggest in the future rolling it into an IRA and give yourself more control over the situation.
There should be an X in box 2b that says “taxable amount not determined”. In which case you’re fine. I get one every year for my backdoor Roth even though there’s no tax actually owed. I think they just auto send these on all Roth conversions, even if they aren’t a taxable event.
On a 1099-R for a Roth to Roth rollover, at least in my experience, you have the total distribution amount in box 1 and box 5 will have your contributions.
Yep. Mine is same except box 2a has the difference between box 1 and box 5. Guess I will call on Monday. What is your distribution code in box 7?
If you are ok with very high risk, I like EDIT - Editas. They are a gene editing company. They use CRISPR technology to literally edit a person’s DNA. This can obviously be very deleterious if the editor is not very specific. There are three early gene editing companies. Editas has won some recent patent decisions and thus seems to have the upper hand in this early race. All the trials are early but promising. Big negative is the CEO recently left which is always a red flag. Not sure what size risk you are looking for but if it’s sizable EDIT may quench your thirst.
Probably not the right place for this but the personal finance thread is kinda dead. I use Wells Fargo for commercial banking, and after their latest outage I think I'm going to switch. I made a large purchase this week, thankfully before the outage, but if I had this issue during the outage I would have been furious. Wells Fargo is obviously a shit company, this was just the last straw that finally pushed me over the edge. My only hesitation to switch has been the pain in the ass that would be reconnecting all my accounts, switching my direct deposit, etc. Anyone happy with their checking/savings? I only keep a few thousand in each (just enough to hit the minimums for no fees) and route everything else to a Marcus savings account or Vanguard funds. So it's mostly just a hub for all my accounts, which means that my main priorities are quick transfers, easy to use online banking, and good customer service. I'm leaning towards Chase right now ($600 sign-up bonus for both checking and savings) because I already have so many cards with them and it might make it that much easier. My only hesitation there are not a ton of ATM/branch locations in my area, but I so rarely use those features I don't think it matters. Anyone have any online-only options they've been happy with? I'd love a solid FinTech bank that waives ATM fees and is easy to use.
I use Regions for checking because I can close my eyes, walk forward and end up in a branch if I need to. I keep all my savings in between an American Express HYSA and Fidelity
Yeah, the only thing keeping me with Wells Fargo is knowing that I can almost always find an ATM or branch near me if I absolutely need to. Anyone use Ally? They're online only but look like they reimburse up to $10 a month for ATM fees, don't think I'd ever exceed that.
I’ve got an ally one with my wife and intend to eventually transfer everything from my WF account. The auto payment stuff has me dragging my feet.
This alone might get me to go with Chase, as the $600 is enough to make me quit dragging me feet if i just look at it as a couple hours work for $600.
i would be hesitant to use an online bank in case you ever need more than like 1k in cash. also, if you do use an online bank. make sure that you can submit wire transfers for decently large amounts. my wire limit on wells fargo is 10k/month. so i've had to go to the branch ~7x last year for wires
Ally is pretty good for me in regards to a HYSA, as I don't really transfer out of it that often (you're still obviously limited to 6 outgoing transactions per month) and never need the cash that quickly unless I'm transferring into my brick and mortar checking account. I do think they have an awesome customer service team and their mobile app is pretty nice. Also, as far as transfer times, I believe you start out at a 3-5 day turnaround time, but if you continue to have successful transfers they will allow the option of 1 day transfers after a month or so, which is all I really need since I'm utilizing credit cards for 99% of my purchases.
Use Ally for savings and Schwab for everything else. Very happy with both. Schwab reimburses all ATM fees worldwide.
If I didn’t have a friend who works for Wells Fargo Schwab is who I’d use for checking. I use Ally for my online savings and it’s great, they are always raising their rate I think it’s around 2.2% now. Seems to be better than anything I’d get elsewhere.
This is just reflective of the Fed Interest Rate, if that we're to go down, Ally's would as well. Think I saw CIT was at 2.4% recently.
I use Schwab. They reimburse the ATM fees, so I can use whatever ATM I want. It's free and has been great.
Chase is the only one I've seen. $200 for checking, $300 for savings, or $600 for both at the same time IIRC.
I really hate to do it but I think I’m unloading my CTL. There’s no end in sight. I have no faith in this earnings call.
Coty has been real nice to me lately. Up 50% in 2 weeks. Makeup for the next 15-20 years is going to be a huge growth industry.
Topline results from the Phase 3 KEYNOTE-426study evaluating Keytruda (pembrolizumab) plus Pfizer's (PFE +0.5%) Inlyta (axitinib) in first-line RCC showed an overall response rate (ORR) of 59.3% with 47% less risk of death (hazard ratio = 0.53). Topline data from the CheckMate-214 trial evaluating Opdivo (nivolumab) plus low-dose Yervoy (ipilimumab) showed a 41% response rate in the intent-to-treat population with a more modest 29% less risk of death (hazard ratio = 0.71). Bristol Myers aptly named their opdivo trial “Checkmate”. Yikes.