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Re: Bay area Public vs Private School

Interesting article that got posted yesterday:
The 25 US High Schools With The Highest Standardized Test Scores
by chemeng
Wed Jan 22, 2014 3:31 pm
 
Forum: Personal Consumer Issues
Topic: Bay area Public vs Private School
Replies: 66
Views: 8173

Re: Which Book is Better - Personal Finance or Career Choice

To everyone else, thanks for the suggestions on both the books and on how to implement this with my sister.
by chemeng
Fri Jan 17, 2014 6:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Which Book is Better - Personal Finance or Career Choice?
Replies: 13
Views: 723

Re: Which Book is Better - Personal Finance or Career Choice

Please. Do you think an 18 year old girl is going to read an investment or personal finance book? Do you think an 18 year old boy would? Now put them in college? Are you kidding? She is in college. The goal is for her to learn what she needs and study for her college courses. And when not studying ...
by chemeng
Fri Jan 17, 2014 6:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Which Book is Better - Personal Finance or Career Choice?
Replies: 13
Views: 723

Re: Bay area Public vs Private School

I went to Lynbrook for high school (graduated in 2008), as did both of my sisters. Everything cheapskate mentioned about the pressure and competition is true. However, one point I think is often overlooked is the benefit of the mentality that these types of environments bring. The strong emphasis o...
by chemeng
Fri Jan 17, 2014 1:48 pm
 
Forum: Personal Consumer Issues
Topic: Bay area Public vs Private School
Replies: 66
Views: 8173

Re: Has anyone withdrew their $5k from mango?

Also been doing ACH pulls/pushes for the past year with no problem. I push/pull $500 each month in order to meet the "direct deposit" requirement to qualify for the 6% interest.
by chemeng
Fri Jan 17, 2014 1:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: Has anyone withdrew their $5k from mango?
Replies: 4
Views: 1194

Which Book is Better - Personal Finance or Career Choice?

Today is my little sister's 19th birthday. She is a freshman in college, and I'd venture to guess that the last thing on her mind is developing solid personal finance/investing. Being the evil older brother that I am, I want to give her a good head start, so I promised to buy her any one thing on he...
by chemeng
Fri Jan 17, 2014 1:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Which Book is Better - Personal Finance or Career Choice?
Replies: 13
Views: 723

Re: Bay area Public vs Private School

Thanks for such an informative response. Your above points seem to confirm the assumptions I have made about public schools. And reg. looking past the cupertino schools district, we are currently unaware what to look for in a school other than the API scores/student-teacher ratios/diversity. For in...
by chemeng
Wed Jan 15, 2014 3:28 pm
 
Forum: Personal Consumer Issues
Topic: Bay area Public vs Private School
Replies: 66
Views: 8173

What Are Some Unwritten Rules in Your Office?

Took this question from a recent Lifehacker article that was just posted and thought it'd bring some good/entertaining discussions. I'll start: in my office, Sriracha sauce, bought personally by coworkers and not the company, is a commodity, shared universally in our lunch room by many different dep...
by chemeng
Fri Nov 08, 2013 6:55 pm
 
Forum: Personal Consumer Issues
Topic: What Are Some Unwritten Rules in Your Office?
Replies: 39
Views: 4647

Re: Approximating Total Stock Market with ING Funds

If your whole 401k is in US stock, you'll be overweight. If you're matching out both with no match, the 401k will be 76% of your portfolio. Unless you'll have additional funds to put into taxable (which from your other thread I doubt will be the case for now), you'll need a bond or international ch...
by chemeng
Tue Jun 11, 2013 12:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: Approximating Total Stock Market with ING Funds
Replies: 15
Views: 1242

Re: Student Loan Repayment Strategy

Thanks so much for the advice; it's actually exactly what I have planned out! Since I have just paid off my last unsubsidized loans, I will continue to aggressively pay off the rest of the loans, but will be allocating more of my funds to the $5,500 for the IRA (yes, I am maxing out my 401k, as wel...
by chemeng
Mon Jun 10, 2013 9:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Student Loan Repayment Strategy
Replies: 32
Views: 4129

Re: Approximating Total Stock Market with ING Funds

Thanks for the advice everyone. Based upon the suggestions, I have decided to stick with strictly domestic equities in my 401k with 78% INGIX, 12% IIRMX, and 8% IIRSX (this came out very close to VTSXM on the M* X-Ray), and leave the Total Bond Market and Total Intl Market to a Vanguard IRA that I w...
by chemeng
Mon Jun 10, 2013 9:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: Approximating Total Stock Market with ING Funds
Replies: 15
Views: 1242

Re: Approximating Total Stock Market with ING Funds

I'm trying to approximate the Vanguard Total Stock Market Index Fund with the ING funds in my 401k. ... Do you all think I should go through with this, or would I be better off completing the total stock market in a ROTH IRA that I plan to open soon? Are these the only funds available? Any low cost...
by chemeng
Mon Jun 10, 2013 10:21 am
 
Forum: Investing - Help with Personal Investments
Topic: Approximating Total Stock Market with ING Funds
Replies: 15
Views: 1242

Re: Student Loan Repayment Strategy

That all makes sense; I see how the work will result in minimal benefit. I will continue paying off the remaining $20k as aggressively as possible. Thanks everyone.
by chemeng
Mon Jun 10, 2013 10:17 am
 
Forum: Personal Finance (Not Investing)
Topic: Student Loan Repayment Strategy
Replies: 32
Views: 4129

Re: Approximating Total Stock Market with ING Funds

There's a Wiki on how to approximate the total stock market: http://www.bogleheads.org/wiki/Approximating_Total_Stock_Market. You can do it with your ING funds. I've read the Wiki, and that's exactly how I came up with: 78% INGIX, 12% IIRMX, and 10% IIRSX, Morningstar X-Ray gave: 23 24 25 6 6 6 3 3...
by chemeng
Thu Jun 06, 2013 1:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: Approximating Total Stock Market with ING Funds
Replies: 15
Views: 1242

Approximating Total Stock Market with ING Funds

Hi all, I'm trying to approximate the Vanguard Total Stock Market Index Fund with the ING funds in my 401k. Total balance right now is ~$10,000. The funds of interest are: ING U.S. Stock Index Portfolio Inst (INGIX) (0.26%) ING Russell Mid Cap Index Port I (IIRMX) (0.43%) ING Russell Sm Cp Index Por...
by chemeng
Thu Jun 06, 2013 1:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: Approximating Total Stock Market with ING Funds
Replies: 15
Views: 1242

Re: Dave Ramsey Defends his Investing Advice - Again!

The fact that Dave Ramsey continues to call this argument "splitting hairs" is what destroys his credibility to people such as the readers of this forum and other experts in Financial matters: because it's not splitting hairs; it's an important difference -- and we know it. The only logic...
by chemeng
Thu Jun 06, 2013 11:01 am
 
Forum: Investing - Theory, News & General
Topic: Dave Ramsey Defends his Investing Advice - Again!
Replies: 106
Views: 15111

Re: Student Loan Repayment Strategy

Hi all, Just wanted to give a quick update. I just finished paying off my last unsubsidized loan (close to $10,000 total paid in a less than 3 months due to the great advice here on Bogleheads!). Here's where I currently stand with my remaining balance: Fed Subsidized: $3500 (6% fixed) Fed Subsidize...
by chemeng
Thu Jun 06, 2013 10:45 am
 
Forum: Personal Finance (Not Investing)
Topic: Student Loan Repayment Strategy
Replies: 32
Views: 4129

Re: Dave Ramsey Defends his Investing Advice - Again!

schuyler74 wrote:The Dave Ramsey Show - June 4, 2013 - Podcast -- start listening at 10:30

Thanks for the link.
by chemeng
Tue Jun 04, 2013 10:21 pm
 
Forum: Investing - Theory, News & General
Topic: Dave Ramsey Defends his Investing Advice - Again!
Replies: 106
Views: 15111

Dave Ramsey Defends his Investing Advice - Again!

Hi all, Very interesting Dave Ramsey podcast today, June 4, 2013. He opens the show by reading verbatim a new Motley Fool's article written yesterday titled Dangerous Retirement Planning Advice From Financial Guru Dave Ramsey in which his usual 12% annual return (amongst other things) is criticized....
by chemeng
Tue Jun 04, 2013 9:21 pm
 
Forum: Investing - Theory, News & General
Topic: Dave Ramsey Defends his Investing Advice - Again!
Replies: 106
Views: 15111

Re: Your biggest work victory?

My biggest work victory was a career change, from Chemical Engineering to Software Engineering. Chem E is an interesting field but the job opportunities are not plentiful because the industry is shrinking. Software engineering is far more dynamic. What were some things that helped you transition fr...
by chemeng
Wed May 15, 2013 1:22 pm
 
Forum: Personal Consumer Issues
Topic: Your biggest work victory?
Replies: 53
Views: 5458

Choosing Roth IRA vs TIRA - Are my Calculations Correct?

Hi everyone, Following the general guidelines of (1) contributing up to employer match for 401k, (2) contributing max to Roth IRA or TIRA, (3) contributing max to 401k, I have determined for myself that contributing to a Roth IRA instead of a TIRA would be more tax-efficient. However, I would like s...
by chemeng
Thu May 02, 2013 12:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: Choosing Roth IRA vs TIRA - Are my Calculations Correct?
Replies: 5
Views: 1326

Re: Advice for 401k/Portfolio Options for New Grad

littleken wrote:So if your plan is to contribute $17,500 to a tax deferred account, you can do $5,500 traditional IRA and $12,000 401k, assuming you can still get the full 401k match with $12k.

Great, I will take a look into this. Do you have any opinions on my 401k options?
by chemeng
Wed Apr 24, 2013 10:23 am
 
Forum: Investing - Help with Personal Investments
Topic: Advice for 401k/Portfolio Options for New Grad
Replies: 6
Views: 417

Re: Advice for 401k/Portfolio Options for New Grad

Do you qualified for traditional IRA? I do. Is this something you would consider over 401k/Roth IRA? Wouldn't a traditional IRA also drop your taxable income if that is your goal(though I am not sure if this should be your goal to drop to 15% marginal tax )? You are right, a trad IRA would also dro...
by chemeng
Tue Apr 23, 2013 6:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advice for 401k/Portfolio Options for New Grad
Replies: 6
Views: 417

Re: Advice for 401k/Portfolio Options for New Grad

littleken wrote:Do you qualified for traditional IRA?

I do. Is this something you would consider over 401k/Roth IRA?
by chemeng
Tue Apr 23, 2013 5:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advice for 401k/Portfolio Options for New Grad
Replies: 6
Views: 417

Re: Mango prepaid card - 4.8% (effective) APY

I believe this has already been mentioned, but there are two ways to get the $500 out of the Mango acct each month for free: 1. Do an ACH pull from any bank that allows it (this could be the same bank you use to push the $500 from into the Mango acct). I personally do $500 ACH pulls from my bank, an...
by chemeng
Tue Apr 23, 2013 5:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Mango prepaid card - 4.8% (effective) APY
Replies: 74
Views: 27638

Advice for 401k/Portfolio Options for New Grad

Hi everyone, I've been on this board only for a few months now, but have gained (and still am learning) such great deal of knowledge from this board and wiki. I am a new grad, and am hoping to get some advice on my 401k/portfolio options. My current portfolio is very very small, but I've only begun ...
by chemeng
Tue Apr 23, 2013 5:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advice for 401k/Portfolio Options for New Grad
Replies: 6
Views: 417

Re: Do you need Emergency Fund if you have no expenses?

There is already a thread on this forum about the Mango card (http://www.bogleheads.org/forum/viewtopic.php?f=2&t=94135), and it is true that there are a number of steps to take in order to get the 6% to work, but once you get everything figured out, the 6% is real and it is great. In regards to...
by chemeng
Fri Apr 05, 2013 5:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you need Emergency Fund if you have no expenses?
Replies: 32
Views: 2758

Re: Do you need Emergency Fund if you have no expenses?

Now, share with us where a 6% savings account is available now days!! :happy Keep the 6% (inquiring minds want to know) because that I would consider that a bond position - and I would keep that. Mango prepaid card :happy. There is a $5 charge each month, but that is waived if you transfer $500 int...
by chemeng
Fri Apr 05, 2013 3:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you need Emergency Fund if you have no expenses?
Replies: 32
Views: 2758

Re: Do you need Emergency Fund if you have no expenses?

Then I would think about not maxing out the 401k for a bit and paying down the student loans. Can you get a guranteed 5 or 6% return in your 401k?... Like a bunch of the loan interest rates. I would keep the emergency fund (especialy since its paying 6%) but reduce your annual 401K contributions by...
by chemeng
Fri Apr 05, 2013 3:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you need Emergency Fund if you have no expenses?
Replies: 32
Views: 2758

Re: Do you need Emergency Fund if you have no expenses?

Paying back your student loans is not an emergency. Your parents acting as back-up is providing shelter if you lost your job, you wind up in the ER and they need to make a life-saving decision or they pick you up and bring you home. Do you ask them for spending money as well because they are your b...
by chemeng
Fri Apr 05, 2013 12:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you need Emergency Fund if you have no expenses?
Replies: 32
Views: 2758

Re: Do you need Emergency Fund if you have no expenses?

Sorry for the snarky answer, but you should rethink what "having no expenses" means. No worries, but could you elaborate? You are living at home in a subsidized "rent free manner". Would you feel the same way if you were out on your own renting an apartment? You have those stude...
by chemeng
Fri Apr 05, 2013 12:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you need Emergency Fund if you have no expenses?
Replies: 32
Views: 2758

Re: Do you need Emergency Fund if you have no expenses?

If that E-fund is really earning 6%, I wouldn't bother touching it. +1. An emergency fund isn't for regular expenses anyway -- it's for things you can't foresee. It definitely is earning 6%. The reason I am considering closing down that account for now is because I have loans with interest at 6.8%,...
by chemeng
Fri Apr 05, 2013 12:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you need Emergency Fund if you have no expenses?
Replies: 32
Views: 2758

Re: Do you need Emergency Fund if you have no expenses?

allsop wrote:Sorry for the snarky answer, but you should rethink what "having no expenses" means.


No worries, but could you elaborate?
by chemeng
Fri Apr 05, 2013 12:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you need Emergency Fund if you have no expenses?
Replies: 32
Views: 2758

Do you need Emergency Fund if you have no expenses?

Hi everyone, First, some facts: Age: 23, single, recent college grad, living at home Income: $65,200 401k: Currently contributing max to $17,500 Emergency fund: $5000 in 6% savings account. Fed Tax Bracket: 25% State Tax Bracket: 9.3% (CA) Current Student Loans: Total loan: $28000 all from Fedloan S...
by chemeng
Fri Apr 05, 2013 12:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you need Emergency Fund if you have no expenses?
Replies: 32
Views: 2758

Re: Student Loan Repayment Strategy

Very good! The only other possible issue I see with this strategy is in the calculation of "maintaining half-time". You might have to maintain an average of half-time for the school year...and I'm not sure 2 months of half-time coursework will qualify you for financial aid deferment. The ...
by chemeng
Thu Mar 07, 2013 6:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Student Loan Repayment Strategy
Replies: 32
Views: 4129

Re: Student Loan Repayment Strategy

1. Signed up for online classes at CC (~$280 total for 2 months of classes). Classes begin on March 18, and since my grace period ends on March 22, I will be eligible for student loan deferment and an additional 6 months of grace period after classes end. This will allow me to tackle my unsub loans...
by chemeng
Thu Mar 07, 2013 5:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Student Loan Repayment Strategy
Replies: 32
Views: 4129

Does Direct 401k Rollover Count as Contribution?

Hi, I apologize if this question has been asked/answered, but I wasn't able to find an answer after searching. I was wondering if I direct rollover a sum of money from a 401k from a previous employer into my current employer's 401k plan, does this sum of money count towards the 2013 contribution lim...
by chemeng
Thu Mar 07, 2013 11:56 am
 
Forum: Investing - Theory, News & General
Topic: Does Direct 401k Rollover Count as Contribution?
Replies: 2
Views: 232

Re: Student Loan Repayment Strategy

The plan generally looks good to me. Don't forget to minimize minimum payments so you can make your money work harder at the high interest loans- either through IBR or graduated repayment. This is what the Graduated Payment plan is for :happy. Unfortunately, this is the only additional repayment pl...
by chemeng
Thu Mar 07, 2013 12:18 am
 
Forum: Personal Finance (Not Investing)
Topic: Student Loan Repayment Strategy
Replies: 32
Views: 4129

Re: Student Loan Repayment Strategy

Thanks everyone for all of your help. I really appreciate all of the responses. I've done a lot of thinking about my situation and I THINK I have a good plan figured out. But please do not hesitate to offer critique or advice. Here is what I have done/plan to do: 1. Signed up for online classes at C...
by chemeng
Wed Mar 06, 2013 8:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Student Loan Repayment Strategy
Replies: 32
Views: 4129

Re: Student Loan Repayment Strategy

My interest rates went down considerably after determining the effective tax rate for all of my loans. Is there, now, more of an incentive to prioritize contributing more to my 401k or investing in other areas that I can get a % return larger than the interest rates? Effective Tax Rate (after Studen...
by chemeng
Tue Feb 26, 2013 3:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Student Loan Repayment Strategy
Replies: 32
Views: 4129

Re: Student Loan Repayment Strategy

Yes, once the interest capitalizes, interest is charged on the interest as well as the principal balance. If I could go back and change my own student loan situation, I would have paid off that accrued interest before repayment began for this very reason. This applies for both unsubsidized and subs...
by chemeng
Tue Feb 26, 2013 1:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Student Loan Repayment Strategy
Replies: 32
Views: 4129

Re: Student Loan Repayment Strategy

I wouldn't pay off the 4th and 5th loans until you've got money left over after maxing every tax-advantaged space out. Should I do this because the rates for these loans are relatively low? And I know there isn't a black and white answer to this, but how would I be able to determine the "cutof...
by chemeng
Tue Feb 26, 2013 12:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Student Loan Repayment Strategy
Replies: 32
Views: 4129

Re: Student Loan Repayment Strategy

2. Would there be any advantages to converting my Standard payment plan to a Graduated Repayment plan: What I would do is put the lower interest rate loans on the longest repayment plan available and repay your highest interest rate loan first. But, each month I would pay at least the 10-year repay...
by chemeng
Tue Feb 26, 2013 12:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Student Loan Repayment Strategy
Replies: 32
Views: 4129

Student Loan Repayment Strategy

Hi all, I am approaching the end of my grace period for my student loans, and was hoping to get some advice on how to approach repayment. Facts: Age: 23, single Income: 65k 401k: Currently contributing up to maximum company match (50% of first 6%) Emergency fund: $5000 in 6% savings account. Current...
by chemeng
Mon Feb 25, 2013 3:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Student Loan Repayment Strategy
Replies: 32
Views: 4129

Re: Mango prepaid card - 4.8% (effective) APY

I see that the Mango webpage has an option to transfer funds from Paypal to the Prepaid Mango Card. As far as I can tell, Paypal does not have an option to set up recurring withdrawals to the Mango card. Can anyone confirm this? Also, if it is the case that you cannot set up recurring withdrawals fr...
by chemeng
Mon Jan 28, 2013 5:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Mango prepaid card - 4.8% (effective) APY
Replies: 74
Views: 27638

Re: Why max Roth IRA first and then 401(k)?

Something has been bothering me about your argument since yesterday. I think I've figured out why. I did, but I see the confusion. What I mean is that the argument that in order to compare whether to do Traditional vs. Roth is to compare your Marginal Rate now (Traditional) vs. your Effective Rate ...
by chemeng
Fri Jan 18, 2013 3:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Why max Roth IRA first and then 401(k)?
Replies: 61
Views: 7543

Re: Why max Roth IRA first and then 401(k)?

I apologize, I am very new to investing/retirement plans. Could you further elaborate on "the tax benefit of your Roth is at your full marginal rate"? The elaboration is in the post I made immediately following the one you quoted. I'll expand a little for exemptions (single filer in both ...
by chemeng
Fri Jan 18, 2013 3:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Why max Roth IRA first and then 401(k)?
Replies: 61
Views: 7543

Re: Why max Roth IRA first and then 401(k)?

The choice in this case is whether to use traditional 401k or Roth IRA in the 25% tax bracket. My suggestion is traditional. To use Roth means paying 25% now. If you use traditional, in retirement some or all of that money will be flowing into the lower brackets and the effective tax rate on it wil...
by chemeng
Fri Jan 18, 2013 3:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Why max Roth IRA first and then 401(k)?
Replies: 61
Views: 7543

Re: Why max Roth IRA first and then 401(k)?

I hope I am understanding this correctly, but unless my tax-deferred portfolio at retirement exceeds ~$17 million, my effective tax rate of distributions will still be lower than my current marginal tax rate. (A final trad 401k portfolio of ~$17 million will have an effective tax rate of ~28%, McQu...
by chemeng
Thu Jan 17, 2013 5:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: Why max Roth IRA first and then 401(k)?
Replies: 61
Views: 7543

Re: Why max Roth IRA first and then 401(k)?

A final trad 401k portfolio of ~$17 million will have an effective tax rate of ~28%, McQuarrie, 2007). Huh? A traditional 401k portfolio of $17 million has a zero percent tax rate until you choose to/have to take something out of it. Then the rate will depend on how much you take out and whether th...
by chemeng
Thu Jan 17, 2013 5:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: Why max Roth IRA first and then 401(k)?
Replies: 61
Views: 7543
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