Search found 56 matches

by fh2000
Sat May 16, 2015 8:49 am
Forum: Personal Finance (Not Investing)
Topic: How much does social security factor into your retirement income?
Replies: 169
Views: 13297

Re: How much does social security factor into your retirement income?

I am 59, and plan to leave w*rk anytime now. I ran some numbers in FireCal.
If I am not counting SS, we can have 100% success rate for 25 years. If both of us start taking SS at 70, we will get more than 35 years. So, SS to us, is our longevity insurance
by fh2000
Wed Apr 08, 2015 9:07 pm
Forum: Personal Consumer Issues
Topic: Tree roots growing into sewer lines
Replies: 41
Views: 2523

Re: Tree roots growing into sewer lines

I used to call the plummer every year to snake out my drain line due to the same roots problem. Each time it would cost me $100-120 dollars. I finally bought a 50' Compact Electric Drain Cleaner from Harbor Freight for $200 during their black Friday sale: http://www.harborfreight.com/50-ft-compact-e...
by fh2000
Sun Apr 05, 2015 9:40 am
Forum: Personal Finance (Not Investing)
Topic: Planning for career change and big drop in income
Replies: 14
Views: 2442

Re: Planning for career change and big drop in income

If you switch and your combined income reduced to $130K, you will not be able to afford your current spending pattern ($110k). You should find a way to reduce that first before you switch.
by fh2000
Fri Apr 03, 2015 8:20 am
Forum: Investing - Help with Personal Investments
Topic: Need advice for 20yr taking over stocks-only custodial acct
Replies: 16
Views: 1332

Re: Need advice for 20yr taking over stocks-only custodial a

I have 2 kids in California college and both have Schwab custodial accounts. I use Turbotax and file individual tax returns for both of them. I also claim both dependency on my own return. We do not qualify for education credits and they do not have financial aids. I did some practice runs in the pa...
by fh2000
Thu Mar 26, 2015 8:00 pm
Forum: Personal Finance (Not Investing)
Topic: Great ESPP not for "ME"?
Replies: 20
Views: 2103

Re: Great ESPP not for "ME"?

I have participated ESPP for 3 companies that I worked for. One eventually went down to next to $0. But 2 took off quite a bit after years of continue purchasing. So, I tend to look at this as investment decision, rather than tax decision. The gain that I accumulated more than pay off the tax benefi...
by fh2000
Tue Mar 03, 2015 2:54 pm
Forum: Personal Consumer Issues
Topic: Tourists in Manhattan
Replies: 53
Views: 5418

Re: Tourists in Manhattan

Time Square
Central Park
China Town --- Wall street to touch that bull (just me)
by fh2000
Fri Feb 13, 2015 1:24 pm
Forum: Investing - Help with Personal Investments
Topic: UTMA & Income/Asset Levels That Don't Receive College Aid?
Replies: 4
Views: 311

Re: UTMA & Income/Asset Levels That Don't Receive College Ai

We have a newborn and I'm thinking of opening an UTMA for gifts of cash from the grandparents. I'm estimating these gifts will amount to around $1,000 or more per year. I've read that an UTMA will negatively impact aid received for college. However, I'm not able to find out who qualifies for aid ba...
by fh2000
Fri Feb 13, 2015 1:02 pm
Forum: Investing - Help with Personal Investments
Topic: RSU Understanding question
Replies: 8
Views: 657

Re: RSU Understanding question

The only thing I would add is that some companies "sell" some of your shares at vesting to cover your tax (basically equivalent to withholding). So in your example, when shares worth 10,000 are vested, you may only receive shares worth 7,000 because 3,000 have been used to pay the income ...
by fh2000
Thu Feb 12, 2015 11:14 pm
Forum: Personal Finance (Not Investing)
Topic: Do I need to report gains from incentive stock options?
Replies: 1
Views: 262

Re: Do I need to report gains from incentive stock options?

How did you acquire these options? Your subject line says incentive stock options, so it indicates that these are granted by the company, but they normally do not grant after you left the company. Or, did you purchase these call options from an online broker, such as TDAmeritrade, or InteractiveBrok...
by fh2000
Thu Feb 12, 2015 4:17 am
Forum: Personal Finance (Not Investing)
Topic: College savings costs / number
Replies: 120
Views: 7603

Re: College savings costs / number

Our 2 kids are in one of the Univ of Cali schools. We saved $250,000. UC cost is about $31,000 a year. So, the savings are just enough to pay for both of them. If they want to go to graduate school, they will have to figure out on their own.
by fh2000
Mon Feb 02, 2015 11:49 pm
Forum: Personal Consumer Issues
Topic: Joining the free dinner circuit? Promises, promises.
Replies: 100
Views: 9484

Re: Joining the free dinner circuit? Promises, promises.

They think they are the irresistible force. You think you are the immovable object. You can't both be right. This has nothing to do with OP, but this reminds me of the term, 'contradiction' in Chinese which is a combination of 2 words: 'spear' and 'shield'. The story goes that a merchant yells to s...
by fh2000
Wed Jan 28, 2015 8:47 pm
Forum: Personal Finance (Not Investing)
Topic: Bring USD to Louisiana USA from Philippines
Replies: 19
Views: 1889

Re: Bring USD to Louisiana USA from Philippines

Does anyone have a lead / link where I can learn more on how FATCA will affect my Philippine funds once I become a resident or eventually, a citizen? Thanks again! If you do a Google search for "FATCA", you will get a lot of information. Here is one: http://www.forbes.com/sites/robertwood...
by fh2000
Wed Jan 28, 2015 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: Bring USD to Louisiana USA from Philippines
Replies: 19
Views: 1889

Re: Bring USD to Louisiana USA from Philippines

I do not know how to transfer money from foreign country to US. But, I routinely wire transfer money from my US account to a foreign country to my relatives where I came from. I pay a free to my local bank to do that: $25-$35. I make sure I do not exceed $14,000 annual gift tax upper limit. I also m...
by fh2000
Mon Jan 26, 2015 8:17 pm
Forum: Personal Finance (Not Investing)
Topic: Do Bogleheads' Children Qualify For Need Based College Aid?
Replies: 35
Views: 3380

Re: Do Bogleheads' Children Qualify For Need Based College A

I filed once, but I think our income alone disqualified our 2 kids. So, I stopped. Both have enough in their UTMA accounts to pay for 4 years. My cost base for their 2 accounts were roughly 1/2, so I thank the market that subsidized our college cost.
by fh2000
Sun Jan 25, 2015 11:16 am
Forum: Personal Finance (Not Investing)
Topic: Success stories of NOT buying more/too much house
Replies: 65
Views: 6614

Re: Success stories of NOT buying more/too much house

We are happy in our current home but I actively am trying to fight lifestyle creep. Sq footage is fine for current house with 2 kids and we have done nice reno to the house. Would ideally like more land but the houses we are looking at would be 2-3x the cost of our current house (which we can affor...
by fh2000
Sun Jan 25, 2015 11:08 am
Forum: Personal Finance (Not Investing)
Topic: How much umbrella insurance do I need?
Replies: 19
Views: 2311

Re: How much umbrella insurance do I need?

There are many protected and non protected classes of assets, which vary from state to state. Typical protected classes include social security, disability, welfare, unemployment, your primary residence, 401(k)s, pensions, and HSAs. There is state to state variability on whole or variable universal...
by fh2000
Mon Dec 29, 2014 9:31 pm
Forum: Personal Finance (Not Investing)
Topic: Should I declare foreign salary to avoid double taxation?
Replies: 16
Views: 2342

Re: Should I declare foreign salary to avoid double taxation

Does your spouse work and have income? I am not an expert, but according to this piece from Tubotax, you do not need to file if your income does not exceed standard deduction ($12,400) plus one exemption ($3,950). https://turbotax.intuit.com/tax-tools/tax-tips/IRS-Tax-Return/Does-Everyone-Need-to-Fi...
by fh2000
Thu Dec 25, 2014 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Considering a pay cut for a career change
Replies: 19
Views: 3148

Re: Considering a pay cut for a career change

After a decent amount of effort, I have landed an equity research job and I am about to finish the MBA soon. Happy Holidays! Sounds like you have a great potential in this new job area. Maybe you can combine your software development skills in the new job, that might be even better. If I was in you...
by fh2000
Wed Dec 10, 2014 10:53 am
Forum: Investing - Help with Personal Investments
Topic: Employee Stock Purchase Plans - What are your thoughts?
Replies: 23
Views: 1733

Re: Employee Stock Purchase Plans - What are your thoughts?

I would only do it for 15% discount. There is too much fluctuation in the stock price and you may be in a loss by the time ready to be issued the stock. There is too much tax calculation head-ache that I would not do it for just 5% discount.
by fh2000
Wed Dec 10, 2014 10:46 am
Forum: Personal Finance (Not Investing)
Topic: Leaving my job. Moving to Shanghai. Help with finances!
Replies: 24
Views: 3258

Re: Leaving my job. Moving to Shanghai. Help with finances!

5. Health Insurance: I'm going to be getting insurance while abroad to cover emergency medical, travel insurance, etc. But I'm not planning to maintain US health insurance at this point, since I'll be living abroad for the remainder of 2015 almost as soon as I leave work. This means I will have to ...
by fh2000
Tue Dec 09, 2014 9:56 am
Forum: Personal Finance (Not Investing)
Topic: Have you ever been let go?
Replies: 74
Views: 6262

Re: Have you ever been let go?

DW and I worked the same number of years in IT: 27. We both experienced 2 lay-offs and received severance and unemployment. We found new employment each time before our severance ran out. Now, we are planning on retirement. We both hope to be laid off again though that does not look like easy to get...
by fh2000
Fri Dec 05, 2014 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax '14 Deluxe (Desktop) Excludes Schedule D
Replies: 223
Views: 32828

Re: TurboTax '14 Deluxe (Desktop) Excludes Schedule D

I always download my brokerage Gain/loss files and directly import into TT to prepare Schedule D. I didn't even know this was possible. Are you using data files from your broker, or PDFs of tax forms? Yes. Two that I use have TT format download files. It is proprietary format for TT. This is helpfu...
by fh2000
Fri Dec 05, 2014 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax '14 Deluxe (Desktop) Excludes Schedule D
Replies: 223
Views: 32828

Re: TurboTax '14 Deluxe (Desktop) Excludes Schedule D

hi, Thanks for the rich information posted here regarding to TT. I have been using TT Deluxe for years (from Costco), and I always download my brokerage Gain/loss files and directly import into TT to prepare Schedule D. Does anyone know if I need to continue with this practice, will Deluxe work, or ...
by fh2000
Fri Nov 28, 2014 9:35 pm
Forum: Personal Finance (Not Investing)
Topic: Can I get tax credits for my brother college fees?
Replies: 13
Views: 1538

Re: Can I get tax credits for my brother college fees?

I suspect your income alone will disqualify you: ------------------------------------------------ The American Opportunity credit covers up to $2,500 of undergraduate costs Income phase-out rule The American Opportunity credit is phased out if your modified adjusted gross income (MAGI) exceeds certa...
by fh2000
Thu Nov 27, 2014 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: How long did your IT career last? At what age did it end?
Replies: 156
Views: 16191

Re: How long did your IT career last? At what age did it en

DW and I met at graduate school. We both started in IT career the same year. 27 years later, we are still in it. Likely to call it done in 2015.
by fh2000
Thu Nov 27, 2014 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: If your networth is over $3 million, how did you do it?
Replies: 314
Views: 54053

Re: If your networth is over $3 million, how did you do it?

We reached 3M this year, thanks to the rising stock market. DW and I are both IT professional with steady income for 27 years, and we saved a lot. We have no debt other than one 15 year mortgage on our 2nd home. It took us 24 years to accumulate the first 2M; 3 years to accumulate the 3rd M. We thin...
by fh2000
Sun Sep 21, 2014 9:29 am
Forum: Personal Finance (Not Investing)
Topic: Need help protecting assets (marriage)
Replies: 46
Views: 4832

Re: Need help protecting assets (marriage)

I would not bother with just 100K asset. If you expect a very large inheritance in the future, that might be different story. In the grand scheme of things (say 30 years of marriage), 100K is simply too little asset to go thru this trouble in my opinion. This leaves bad taste in her and her family. ...
by fh2000
Sun Sep 14, 2014 11:46 am
Forum: Personal Consumer Issues
Topic: Costco vs Amazon?
Replies: 60
Views: 5841

Re: Costco vs Amazon?

Costco by default for food, and household stuff for us. Anything we can not find there, we then go to Amazon. From Costco, I bought a 49' Sony HD flat TV when they had a discount price. Wife wanted a bigger one, but since we are retiring soon, probably won't sit in front watching too much. We will d...
by fh2000
Thu Aug 28, 2014 12:07 am
Forum: Personal Consumer Issues
Topic: California residents - do you have earthquake insurance?
Replies: 54
Views: 3786

Re: California residents - do you have earthquake insurance?

We live 10 miles from Northridge. When it hit in 1994 in early morning, it shook very bad. A lot of my glasses and dishes broke. My daughter was only 3 days old. I was sleeping right next to her and I jumped to cover her when a wall picture fell on top of us. I had no earthquake insurance but home o...
by fh2000
Sun Jun 01, 2014 4:08 pm
Forum: Investing - Help with Personal Investments
Topic: Young guy, looking to retire at 45-50...help me invest!
Replies: 17
Views: 3439

Re: Young guy, looking to retire at 45-50...help me invest!

[quote="Investonewbie"]- every second year, I'll have access to $50-75k to invest - in 1-2 years, I MAY have access to $300k up to $2m due to stock...this is a big unknown for me. Could be on the million side or it could be a few $100ks...these figures are after income tax. [/quote] You ar...
by fh2000
Mon May 26, 2014 11:48 pm
Forum: Personal Finance (Not Investing)
Topic: How many of you negotiated benefits with a new job?
Replies: 25
Views: 2661

Re: How many of you negotiated benefits with a new job?

I found it easier to negotiate with HR or recruiting department and I was successully getting more money, or annual bonus percentage in past job searches. I just politely mentioned that I was expecting a little more than their offer. HR seems to have an obligation to bring my feedback to hiring mana...
by fh2000
Wed May 14, 2014 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: Health Insurance for Early Retirement?
Replies: 3
Views: 819

Re: Health Insurance for Early Retirement?

We plan to begin purchasing thru ACA next year. If we purchase Bronze HSA plan for a family of 4, with income controlled under $75,000, the premium will be around $6,000. OOP will be around $13,000. This does not cover dentail or vision. We plan to self insure this portion. So, I budget $19,000 annu...
by fh2000
Fri May 09, 2014 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: Should wife take new job offer- pregnant? FMLA issues?
Replies: 24
Views: 1461

Re: Should wife take new job offer- pregnant? FMLA issues?

When I was younger, I thought getting pregnant for my wife would be just like all our other life experences: you plan, you execuate on your schedule. But, as we have found out, life does not always happen like that. It took us 8 years of trying until our first child was conceived. If this is the job...
by fh2000
Sun Feb 16, 2014 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Q's for my mum
Replies: 11
Views: 1011

Re: Social Security Q's for my mum

sscritic,

Not going to a dim sum place for breakfast on a Sunday?
So, a widow can claim widow's benefits even though spouse never started SS benefits?
by fh2000
Sat Dec 28, 2013 10:31 am
Forum: Personal Finance (Not Investing)
Topic: Social Security estimates if early retiring?
Replies: 15
Views: 1653

Re: Social Security estimates if early retiring?

I use this one: http://www.socialsecurity.gov/OACT/quickcalc/index.html I plan to early retire next year at the age of 58. So, I entered all my earnings history and leave $0 for the very last entry (2013 and beyond). It then gave me amounts if I take it at 62, 66-4month, or 70. Maybe I will try it a...
by fh2000
Wed Oct 02, 2013 6:13 pm
Forum: Personal Finance (Not Investing)
Topic: Signing up for health care
Replies: 324
Views: 28701

Re: OK to talk about the details of signing up health care?

I managed to crash California website: Error 500--Internal Server Error From RFC 2068 Hypertext Transfer Protocol -- HTTP/1.1: 10.5.1 500 Internal Server Error The server encountered an unexpected condition which prevented it from fulfilling the request. I will wait for few days before I try again.
by fh2000
Wed Jul 24, 2013 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: pick up double major or finish college in 3 years?
Replies: 112
Views: 6459

Re: pick up double major or finish college in 3 years?

I majored in Computer Science (for a job) and minored in Philosophy (for the fulfillment) and did not graduate early. I never regretted my choice. A friend graduated in 3 years but she regrets not having the full "college experience". My daughter's current major (you see she has already c...
by fh2000
Wed Jul 24, 2013 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: pick up double major or finish college in 3 years?
Replies: 112
Views: 6459

pick up double major or finish college in 3 years?

My daughter is going on sophomore in September in a California public university. She has enough funds from her UTMA account for all of the 4 years. Our income level disqualifies her for any aids. She has enough AP credits and also waived 2nd language requirement so she could graduate in 3 years. Sh...
by fh2000
Fri May 17, 2013 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: gifting money to foreign parents
Replies: 4
Views: 595

gifting money to foreign parents

We give money to our parents living in a foreign country each year for few thousand dollars. This year, we plan to give them $50,000 to cover their medical cost and other costs. We understand that we can gift $14,000 per person, per parent, per year, so we do not pay gift tax on this. (2 of us, to 2...
by fh2000
Tue Feb 12, 2013 10:05 pm
Forum: Personal Finance (Not Investing)
Topic: Unexpected lawyer fees [Immigration Attorney]
Replies: 39
Views: 2225

Re: Unexpected lawyer fees [Immigration Attorney]

I did not read the whole thread.

I just want to let you know the cost that I paid 30 years ago to get our green cards (mine and wife), and it was $7,000 dollars. It was more than 1/4 of my annual income then.
by fh2000
Thu Jan 31, 2013 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: vanguard moved my 401K to "Managed" without my consent
Replies: 9
Views: 1662

Re: vanguard moved my 401K to "Managed" without my consent

We have two family members who work for the same megacorp, though only one 401K account got moved. Not sure what criteria that triggered this.
The lesson learned here is not to throw away garbage mails without checking, or delete all emails without reading, I guess.
by fh2000
Thu Jan 31, 2013 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: vanguard moved my 401K to "Managed" without my consent
Replies: 9
Views: 1662

Re: vanguard moved my 401K to "Managed" without my consent

The letter that I received does not say that I had requested or approved such action. It simply says "Please examine this statement carefully to confirm the changes made to your account are accurate." Then a table showing CHANGE OUT .... CHANGE IN ..... The change happened for sure. The re...
by fh2000
Thu Jan 31, 2013 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: vanguard moved my 401K to "Managed" without my consent
Replies: 9
Views: 1662

vanguard moved my 401K to "Managed" without my consent

I noticed few days ago, "Managed" appeared under my account name in my Vanguard 401K. Then I received a letter of "Confirmation of Exchange". They changed my allocation, and moved around some funds. I called them today and found out, they moved my self-managed 401K to "Manag...
by fh2000
Thu Jan 24, 2013 5:35 pm
Forum: Investing - Help with Personal Investments
Topic: 50 yrs old couple -please advise on my investment
Replies: 40
Views: 3581

Re: 50 yrs old couple -please advise on my investment

Suming, I am not even qualified for any investment recommendations, but a simple explanation for stock split is to look at a pizza. If you cut the pizza in half, you have 2 pieces, but the total volume (value) is still the same. This is the same as stock split. The value of each share is cut in half...
by fh2000
Wed Jan 23, 2013 11:34 pm
Forum: Investing - Help with Personal Investments
Topic: 50 yrs old couple -please advise on my investment
Replies: 40
Views: 3581

Re: 50 yrs old couple -please advise on my investment

Suming, You don't mention kids' education fund, or if you have equity on those 2 rental properties. Unless your properties have large equity, or DH has inheritance coming from back home, with mid 6 figure (600K?) funds, you might need few more years to build up more retirement funds if you wish to w...
by fh2000
Sun Nov 25, 2012 10:37 am
Forum: Personal Finance (Not Investing)
Topic: SS spousal benefit to survivor benefit
Replies: 1
Views: 268

SS spousal benefit to survivor benefit

A friend with a young wife who never worked asked this. He plans to withdraw SS at the age of 70. His wife can take spousal benefit when she reaches 62 with discounted amount from his 1/2, or at 67 with all of his 1/2 amount. The question is: if he passes later in life, can the wife switch to surviv...
by fh2000
Sun Sep 09, 2012 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: College Debt: Be Careful
Replies: 64
Views: 6969

Re: College Debt: Be Careful

Schools pile on staff positions to be "relevant." UC San Diego has a Vice Chancellor for equity, diversity, and inclusion, a Chancellor’s Diversity Office, an associate vice chancellor for faculty equity, an assistant vice chancellor for diversity, graduate diversity coordinators, a staff...
by fh2000
Sun Aug 05, 2012 5:07 pm
Forum: Personal Finance (Not Investing)
Topic: parents - did you quit work to start a family?
Replies: 46
Views: 3082

Re: parents - did you quit work to start a family?

My wife only took 3 months of leave for both of our children. We were also fortunate to have a baby sister who lives close by. She and her whole family took care of our 2 children nearly 12-14 hours a day for almost 12 years. We would drop off our children in the mornings, and pick them up late at n...
by fh2000
Sun Aug 14, 2011 7:38 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Income funds or Bond ETF?
Replies: 3
Views: 653

Vanguard Income funds or Bond ETF?

I am in the process of re-balancing my asset allocation and I like the income as well. I am thinking of Wellington(VWELX), Wellesley(VWINX), Vanguard Total Bond ETF(BND). Below is the 5 year performance graph from Yahoo. It looks like BND has outperformed the other two, in this period. What compelli...
by fh2000
Wed Jan 05, 2011 9:46 am
Forum: Investing - Theory, News & General
Topic: When are mutual fund fees paid?
Replies: 5
Views: 1170

ETFs also have expense ratio. Do they also get calculated the same way each night? Since ETFs are openly traded with bid/ask prices, when did they get adjusted to account for the reduction of expense ratio?

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