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Pensions vs personal investing: Pensions win???

When I looked at the arizona state retirement system's plan (https://www.azasrs.gov), it looks like the payout is far higher than a 401a with say a 7% contribution to fidelity. It seems like a no brainer to choose the pension system given the guaranteed 8% (risk free for current contributors?) regar...
by femtoace
Wed Jan 16, 2013 11:02 pm
 
Forum: Investing - Theory, News & General
Topic: Pensions vs personal investing: Pensions win???
Replies: 36
Views: 3238

Financial Calculator

I've taken up an MBA and am shopping around for a financial calculator: Initial searches made me feel that http://www.amazon.com/Texas-Instruments-BA-II-Professional/dp/B0001EMLZW/ref=sr_1_cc_2?s=aps&ie=UTF8&qid=1357664730&sr=1-2-catcorr&keywords=financial+calculator or http://www.am...
by femtoace
Tue Jan 08, 2013 1:08 pm
 
Forum: Personal Consumer Issues
Topic: Financial Calculator
Replies: 22
Views: 2047

Re: any changes to backdoor ROTH in 2013?

just went ahead and converted my contributions (and my wife's) to ROTH. Was reading about the fiscal deal and noticed that employee sponsored accounts like 401k now may have a roth option as well. I have been maxing my 401a/k, 403b and 457: Do the new rules require me to pay taxes on the conversion ...
by femtoace
Thu Jan 03, 2013 3:54 am
 
Forum: Personal Finance (Not Investing)
Topic: any changes to backdoor ROTH in 2013?
Replies: 28
Views: 3002

Re: any changes to backdoor ROTH in 2013?

Thanks a lot!
by femtoace
Wed Jan 02, 2013 1:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: any changes to backdoor ROTH in 2013?
Replies: 28
Views: 3002

any changes to backdoor ROTH in 2013?

I know the contribution limit is up to 5500 but otherwise any changes to back door ROTH? For 2012, the steps were: 1. Contribute to TIRA 2. Cal vanguard the next day and request a conversion to ROTH. I am assuming it is the same for 2013 with no anticipated changes within the year: Is the assumption...
by femtoace
Wed Jan 02, 2013 12:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: any changes to backdoor ROTH in 2013?
Replies: 28
Views: 3002

Re: about starting a business

Thanks a lot for the replies. I am interested in starting a buy-sell site for friends. I understand that there are a lot of options to begin with such as LLCs, s corps etc.., and was looking around to see how I could learn what is best for my business model and the pros and cons of each.
by femtoace
Tue Dec 11, 2012 1:48 pm
 
Forum: Personal Consumer Issues
Topic: about starting a business
Replies: 8
Views: 1295

about starting a business

I guess the hardest part is coming up with a good idea. But is there some resource I could tap into (like bogleheads.com for investing) or good books I could read to understand the basics. Thank you for your time and help.
by femtoace
Sat Dec 08, 2012 9:16 pm
 
Forum: Personal Consumer Issues
Topic: about starting a business
Replies: 8
Views: 1295

dependent fsa question

Hi, We opened a dependent fsa account when my wife was going to school but we did not tap into the funds until she was done with her school in May(because our families helped us out), 2012 and then stated it was Qualifying life event (her not being a full time student from May) and stopped further p...
by femtoace
Thu Nov 29, 2012 1:14 am
 
Forum: Personal Finance (Not Investing)
Topic: dependent fsa question
Replies: 2
Views: 200

Re: About buying a house....

Thanks a lot for all the replies! As usual, there is always something new I learn on this site! 6 people= me+ wife+ parents*2(when they retire)+ 2kids In the area I live, a decent 2-3br+2ba apt costs 250k while a 5br2-3ba costs 500k: I could potentially own a larger home but I was thinking 5br shoul...
by femtoace
Fri Nov 23, 2012 8:13 pm
 
Forum: Personal Consumer Issues
Topic: About buying a house....
Replies: 16
Views: 1449

About buying a house....

My Job has taken a turn for the better and I am considering purchasing a house and had a few questions about doing so (1st time buyer). 1. I could buy a house (2/3br, 2ba) for 1x my current salary: It would be sufficient for me, my wife and our 1st kid. But about 8 years down the road, we would have...
by femtoace
Fri Nov 23, 2012 10:18 am
 
Forum: Personal Consumer Issues
Topic: About buying a house....
Replies: 16
Views: 1449

Which insurance company to go with?

Hi, I was hoping to purchase a auto + renters + umbrella insurance for 1m and can't seem to find a company which sells all 3 at a reasonable price. Could someone help me out. Essentially, I'd need enough of the auto and renters to allow me to purchase the umbrella at a decent price. Thank you for yo...
by femtoace
Mon Sep 17, 2012 5:02 pm
 
Forum: Personal Consumer Issues
Topic: Which insurance company to go with?
Replies: 19
Views: 1592

Mint Vs Ibank Vs Quicken for mac

I've been a user of mint for a long time but the only thing I can reliably use it for is to track my spending. I don't seem to be able to track any investments reliably. I've recently switched to a mac and was considering a finance software and did a forum search: If I would only use it to track my ...
by femtoace
Wed Jun 27, 2012 8:50 am
 
Forum: Personal Finance (Not Investing)
Topic: Mint Vs Ibank Vs Quicken for mac
Replies: 40
Views: 6306

Glucometer recommendations

A friend of mine living outside the US wanted to buy a glucometer: I was looking around the web and am having a very hard time deciding: Does anyone know what a good brand would be: $$ are not a primary concern and if the amount of pain from routine sticks can be minimized, we would rather pick that...
by femtoace
Mon Apr 16, 2012 1:19 am
 
Forum: Personal Consumer Issues
Topic: Glucometer recommendations
Replies: 3
Views: 318

Re: Question about taxes when filing for 2 states

I called the IRS center and I am told that I owe taxes even on the amount I made in Washington( a significant amount) where I worked since I had not changed my Driver's license and Voting area: ouch! even they said it's all "convoluted". So do I pay taxes on all my dividend income and all ...
by femtoace
Mon Apr 09, 2012 1:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Question about taxes when filing for 2 states
Replies: 8
Views: 487

Question about taxes when filing for 2 states

If I have dividends and capital gains for $100 each in the states of IL and Washington and I lived the 1st 6 months in Washington(no state taxes) and the last 6 months in IL and I get the capital gains and dividends paid when I am in IL, do I get taxed for the whole amount since I was paid during my...
by femtoace
Sun Apr 08, 2012 9:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Question about taxes when filing for 2 states
Replies: 8
Views: 487

Re: Cash back Vs airline miles credit cards

yeah just googled it and figured it out: dumb question I guess! I'll stick to my cash back cards! thanks for the replies
by femtoace
Thu Apr 05, 2012 5:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Cash back Vs airline miles credit cards
Replies: 15
Views: 1590

Cash back Vs airline miles credit cards

I was closely following the other credit card threads and it sounds like most bogleheads love cash back cards (either the 2% cash back cards or the rotating benefit cards). I personally have the cash back cards: How come no one thinks of an airline miles card? For instance, a trip from AZ to Boston ...
by femtoace
Thu Apr 05, 2012 4:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Cash back Vs airline miles credit cards
Replies: 15
Views: 1590

Re: Whats with the cost basis! Please help.

I sold all the shares I owned and this was the only time I sold the shares and hence I did not ask them to specifically id shares since I sold them all. The listed shares are the only ones I ever owned. and now I own no shares in this fund. So, no previously sold shares and hence no basis method has...
by femtoace
Wed Apr 04, 2012 12:05 am
 
Forum: Personal Finance (Not Investing)
Topic: Whats with the cost basis! Please help.
Replies: 15
Views: 1152

Whats with the cost basis! Please help.

Resolved

Thank you for your help.
by femtoace
Tue Apr 03, 2012 10:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: Whats with the cost basis! Please help.
Replies: 15
Views: 1152

Re: Question about cost basis and short/long term capital ga

But in turbotax I do not see any area to specify the method of my cost basis: I think it's set by default to average basis but by changing it to specific id, I get more short term losses since I put most of my $$ in Emerg market in 2011 and lost a bunch and tax lost harvested. By choosing average, I...
by femtoace
Fri Mar 23, 2012 8:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: Question about cost basis and short/long term capital gains
Replies: 12
Views: 682

Re: Question about cost basis and short/long term capital ga

Also, how do I specify my selling method in a tax preparation software? I looked in turbotax and cant seem to find "specific id" or "FIFO". Is there some other software that might help me with specifying it better?
If not, I'll have to file manual returns:(
by femtoace
Fri Mar 23, 2012 3:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Question about cost basis and short/long term capital gains
Replies: 12
Views: 682

Re: Question about cost basis and short/long term capital ga

Thank you for your response: I have never sold any of the shares before but did convert them to admiral and recalculated the original cost basis appropriately. And as I understand it, I can use different cost basis with diff funds in vanguard as long as I don't change the method right?
by femtoace
Fri Mar 23, 2012 10:10 am
 
Forum: Investing - Help with Personal Investments
Topic: Question about cost basis and short/long term capital gains
Replies: 12
Views: 682

Re: Question about cost basis and short/long term capital ga

I do not have a letter saying which shares I sold but I sold all the shares I ever owned and have the cost basis of each in my records as well as in vanguard transaction history.
by femtoace
Fri Mar 23, 2012 1:31 am
 
Forum: Investing - Help with Personal Investments
Topic: Question about cost basis and short/long term capital gains
Replies: 12
Views: 682

Question about cost basis and short/long term capital gains

I bought x dollars worth of Emerging market shares in 2009 and y amount of shares in 2010. With the losses in 2011, I sold them all (X were converted to admiral shares in 2011 as well and then evetually sold)(This was an online transaction) and reinvested proceeds to another account. Vanguard provid...
by femtoace
Fri Mar 23, 2012 12:55 am
 
Forum: Investing - Help with Personal Investments
Topic: Question about cost basis and short/long term capital gains
Replies: 12
Views: 682

Defining capacity for risk

Age is bonds is the general rule but for some people, they may be incapable of tolerating that risk. Some others may have saved up so much that their only goal is to increase their net asset value for future generation. While age in bonds is a good rule of the thumb, it is not a perfect indicator of...
by femtoace
Tue Mar 20, 2012 4:32 pm
 
Forum: Investing - Theory, News & General
Topic: Defining capacity for risk
Replies: 4
Views: 314

Re: Margin Investing for profit?

@Mortgasm: The goal is not to beat the market but cut your taxes to augment your returns. If you borrow 50% of 5% of your assets(ie 2.5% of your assets), it would pretty much need the entire stock market to collapse for you to get a margin call and lose your capital: At which point investing makes n...
by femtoace
Sat Mar 03, 2012 2:01 am
 
Forum: Investing - Theory, News & General
Topic: Margin Investing for profit?
Replies: 16
Views: 1014

Re: Margin Investing for profit?

guess it depends on how much I'm borrowing: if 10% of my assets were= 500k, I think margin rate is <4%(post tax: 2.7): So would that make margin investing a good call? I did read the whole thread about market timer: If we can accept putting 5-10% of our $$ in individual stocks, why not reduce the st...
by femtoace
Sat Mar 03, 2012 1:31 am
 
Forum: Investing - Theory, News & General
Topic: Margin Investing for profit?
Replies: 16
Views: 1014

Margin Investing for profit?

From what I understand, a 5%-7% margin rate(so post tax, it would be 3.33-5) is probably easy to get these days. Some of the bogleheads set aside 5-10% of their assets as "play money": What if they borrowed an equivalent amount and instead of guessing the market, invest it as a whole in a ...
by femtoace
Sat Mar 03, 2012 1:19 am
 
Forum: Investing - Theory, News & General
Topic: Margin Investing for profit?
Replies: 16
Views: 1014

hmm... used the backdoor roth: but what am I missing?

So, I contributed 5k+5k for me and my wife in 2011 to T-IRA and rolled it over to ROTH the following day. The T-IRA was paid with taxed dollars. I received only a 1099 R form from vanguard and when I enter this in Turbotax, its taxing the 5k again and I don't see an option to enter the cost basis (e...
by femtoace
Sun Feb 26, 2012 9:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: hmm... used the backdoor roth: but what am I missing?
Replies: 5
Views: 539

Re: am I using the back door roth properly?

Hello, Thanks for your response. Right now, I am right on the verge of (the starting of) phasing out of my ROTH IRA. My university only lets me contribute a % of my salary and so I cant hit 17k on my 401a: Tried talking to them to see if they would let me contribute but they said it was not possible...
by femtoace
Sun Jan 29, 2012 1:01 am
 
Forum: Personal Finance (Not Investing)
Topic: am I using the back door roth properly?
Replies: 4
Views: 529

am I using the back door roth properly?

Lets say I contribute: 16500 to my 401a 16500 to my 403b 16500 to my 457 And all these are with my current employer. I decide to contribute 5k to my post tax traditional IRA and roll it over to ROTH immediately (lets say its exaclt the 5k I put in). Do I owe any new taxes on the conversion or am I e...
by femtoace
Sat Jan 28, 2012 6:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: am I using the back door roth properly?
Replies: 4
Views: 529

Re: Why no tech in investing?

Yeah, I did hear about high frequency trading. And I've heard there are algorithms made to trade in a matter of mere (milli-micro) seconds which are hard to beat if "time to buy" meant anything! But as long as atleast two rich traders compete for the best price (and spend $$$ trying to fig...
by femtoace
Tue Jan 24, 2012 11:04 am
 
Forum: Investing - Theory, News & General
Topic: Why no tech in investing?
Replies: 15
Views: 957

Why no tech in investing?

Looking at a software like say quicken/ibank/mint, accessing financial information from various firms is a certain possibility. Today's technology does allow for automation of things such as asset allocation, redistribution, tax efficient placement of funds etc.., With all the software boom, I guess...
by femtoace
Tue Jan 24, 2012 12:24 am
 
Forum: Investing - Theory, News & General
Topic: Why no tech in investing?
Replies: 15
Views: 957

Re: Hidden 401a/403b fee?

Thanks a lot!
by femtoace
Wed Nov 09, 2011 9:41 am
 
Forum: Personal Finance (Not Investing)
Topic: Hidden 401a/403b fee?
Replies: 4
Views: 340

Hidden 401a/403b fee?

I recently read in a topic about hidden 401k fee: I asked fidelity about any administrative fee and was told that they charge my university directly and do not charge me anything but the ER of my index funds. I know there is a o.2% fee but not sure who pays it. Should I believe what fidelity says or...
by femtoace
Wed Nov 09, 2011 7:27 am
 
Forum: Personal Finance (Not Investing)
Topic: Hidden 401a/403b fee?
Replies: 4
Views: 340

Re: Investing for people in India

I meant invest in a fund in India for someone living in India. Its true the CD rate is 8-9% now with an inflation of 9+%.... So net of taxes one loses money with CD's alone. So was wondering if there was a company similar to vanguard in India where Indians could invest....
by femtoace
Thu Oct 20, 2011 2:01 am
 
Forum: Investing - Help with Personal Investments
Topic: Investing for people in India
Replies: 7
Views: 666

Investing for people in India

In short,
Vanguard: USA :: ???:India

Anyone know a reliable fund company in India in which people in India can invest (specifically index bond funds and possibly index stock funds.)
Is it possible for people in India to use vanguard/ fidelity?
by femtoace
Wed Oct 19, 2011 1:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investing for people in India
Replies: 7
Views: 666

Investing for people in India

In short,
Vanguard: USA :: ???:India

Anyone know a reliable fund company in India in which people in India can invest (specifically index bond funds and possibly index stock funds.)
Is it possible for people in India to use vanguard/ fidelity?
by femtoace
Wed Oct 19, 2011 1:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investing for people in India
Replies: 0
Views: 140

hi livesoft, If a index returns 10%/ yr over 10 yrs and an index tracking it with a ER of 0.1% tracks it perfectly optimally (which is impossible), the return would be 9.9% and not 10-(0.1*10)= 9% right? so whether one looks at it over 1 year or 3 years shouldnt the tracking error remain fairly cons...
by femtoace
Sat Oct 15, 2011 12:19 am
 
Forum: Investing - Theory, News & General
Topic: is this tracking error too much?
Replies: 3
Views: 335

is this tracking error too much?

Spartan International Index Fund - Investor Class has a significant tracking error of 78bp for 3 years: unfortunately my retirement plan option has only this international index fund available but the tracking error seems huge: Is it normal? even ftse all world ex us seems to have the tracking error...
by femtoace
Sat Oct 15, 2011 12:04 am
 
Forum: Investing - Theory, News & General
Topic: is this tracking error too much?
Replies: 3
Views: 335

cant he do a backdoor roth as an attending?
by femtoace
Thu Oct 06, 2011 8:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: Question for the physicians who invest
Replies: 29
Views: 2436

What if I were to attempt converting the tax deferred investments to ROTH IRA's and use my LT capital gains/ dividends for doing this? I did discount for the qualified dividends/ dividends by cutting the potential returns by 0.4% (not sure if this is too low!). So, I guess the question essentially b...
by femtoace
Wed Sep 28, 2011 5:09 pm
 
Forum: Investing - Theory, News & General
Topic: TLH and tax deferred investing
Replies: 4
Views: 502

TLH and tax deferred investing

This question pertains to 401a/k, 403b or 457 plans without an employer match. With tax deferred investing, my losses would include: Lack of best available funds (lets say 0.15% ER difference) Provider fee (hovers from 0% to 0.6%: lets say 0.15% additional cost) Difficulty with asset allocation due ...
by femtoace
Wed Sep 28, 2011 4:44 pm
 
Forum: Investing - Theory, News & General
Topic: TLH and tax deferred investing
Replies: 4
Views: 502

hmmm...can I contribute to a 401a+403b+457 (7% of salary+16500+16500)? my university lets me do this!
by femtoace
Fri Sep 16, 2011 12:06 am
 
Forum: Investing - Help with Personal Investments
Topic: Can I max out both 457 AND 401(k) for total 33K/year?!
Replies: 35
Views: 3722

I did noticee the site (multpl) and thats where I got the PE10>20 from but vanguard lists it as 15 for their S+P 500 index: does vanguard list a PE1 or some other PE?
by femtoace
Mon Sep 05, 2011 5:12 pm
 
Forum: Investing - Theory, News & General
Topic: Difference in PE10
Replies: 7
Views: 646

Difference in PE10

If I looked up vanguard, the S & P 500 PE was 15.2 as of 7/31/11 while other sites say the PE is a notch over 20: Why the difference! Also, how do I determine the earnings (if price= nav) of a given mutual fund to calculate the PE on my own? It wouldnt be the total returns as total returns = cap...
by femtoace
Mon Sep 05, 2011 3:51 pm
 
Forum: Investing - Theory, News & General
Topic: Difference in PE10
Replies: 7
Views: 646

hmmm...so would that mean 403b+401a only without my 457 or other personal retirement accounts?(mine+spouses individual IRA) being counted towards the limit?
by femtoace
Fri Sep 02, 2011 1:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: What does this mean??
Replies: 5
Views: 924
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