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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 21, 2014 10:29 am
 
Forum: Personal Finance (Not Investing)
Topic: Need help protecting assets (marriage)
Replies: 46
Views: 4594

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
Sun Sep 14, 2014 12:46 pm
 
Forum: Personal Consumer Issues
Topic: Costco vs Amazon?
Replies: 60
Views: 4790

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
Thu Aug 28, 2014 1:07 am
 
Forum: Personal Consumer Issues
Topic: California residents - do you have earthquake insurance?
Replies: 54
Views: 3276

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
Sun Jun 01, 2014 5:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: Young guy, looking to retire at 45-50...help me invest!
Replies: 17
Views: 3098

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
Tue May 27, 2014 12:48 am
 
Forum: Personal Finance (Not Investing)
Topic: How many of you negotiated benefits with a new job?
Replies: 25
Views: 2505

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
Wed May 14, 2014 7:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: Health Insurance for Early Retirement?
Replies: 3
Views: 757

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
Fri May 09, 2014 7:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should wife take new job offer- pregnant? FMLA issues?
Replies: 24
Views: 1382

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
Sun Feb 16, 2014 1:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Social Security Q's for my mum
Replies: 11
Views: 966

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
Sat Dec 28, 2013 11:31 am
 
Forum: Personal Finance (Not Investing)
Topic: Social Security estimates if early retiring?
Replies: 15
Views: 1591

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 Oct 02, 2013 7:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Signing up for health care
Replies: 324
Views: 24934

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 3:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: pick up double major or finish college in 3 years?
Replies: 103
Views: 4540

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
Wed Jul 24, 2013 2:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: pick up double major or finish college in 3 years?
Replies: 103
Views: 4540

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
Fri May 17, 2013 9:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: gifting money to foreign parents
Replies: 4
Views: 568

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
Tue Feb 12, 2013 11:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Unexpected lawyer fees [Immigration Attorney]
Replies: 39
Views: 2195

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 2:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: vanguard moved my 401K to "Managed" without my consent
Replies: 9
Views: 1242

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 2:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: vanguard moved my 401K to "Managed" without my consent
Replies: 9
Views: 1242

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 31, 2013 1:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: vanguard moved my 401K to "Managed" without my consent
Replies: 9
Views: 1242

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
Thu Jan 24, 2013 6:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: 50 yrs old couple -please advise on my investment
Replies: 40
Views: 3538

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
Thu Jan 24, 2013 12:34 am
 
Forum: Investing - Help with Personal Investments
Topic: 50 yrs old couple -please advise on my investment
Replies: 40
Views: 3538

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 Nov 25, 2012 11:37 am
 
Forum: Personal Finance (Not Investing)
Topic: SS spousal benefit to survivor benefit
Replies: 1
Views: 253

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 Sep 09, 2012 4:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: College Debt: Be Careful
Replies: 64
Views: 6863

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 05, 2012 6:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: parents - did you quit work to start a family?
Replies: 46
Views: 3012

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
Sun Aug 14, 2011 8:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard Income funds or Bond ETF?
Replies: 3
Views: 642

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?
by fh2000
Wed Jan 05, 2011 10:46 am
 
Forum: Investing - Theory, News & General
Topic: When are mutual fund fees paid?
Replies: 5
Views: 1162

Congrats to you!!! As an aside: In the country, where I was born and grew up commas were placed as in the following examples-- 1 thousand would be written as 1,000 10 thousand as 10,000 Then things change -- 100 thousand as 1,00,000 1 million as 10,00,000 10 million as 1,00,00,000 commas are easier...
by fh2000
Sat Jan 01, 2011 3:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: Don't you wish we could talk about money?
Replies: 167
Views: 17678

If you want to convert from a non-deductible IRA to a Roth IRA, you have to take the total IRA amount (non-deductible and deductible) into consideration when you convert. If you have a $10,000 IRA ($8,000 is deductible and $2,000 is non-deductible) you have to use the percentage of each in calculat...
by fh2000
Thu Dec 23, 2010 8:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: After Tax Contributions to IRA
Replies: 41
Views: 2944

My daughter is in 11th grade so we are one year right behind you. Our income and savings are very close to yours. We met with a consular who told us to file the form anyway. The reason is if both parents were to get laid off, the family will suddenly face a situation without income. That would chang...
by fh2000
Thu Dec 23, 2010 12:06 am
 
Forum: Personal Finance (Not Investing)
Topic: Any downside to not filling out college financial aid forms?
Replies: 8
Views: 1199

Preparing for UTMA transfer

My daughter is now 16 1/2. She will turn 18 in 2012 which is the same year for her college bound. We are in California and the age for UTMA maturity to turn over to beneficiary is 18. I am preparing for such event and have some very basic questions: 1. After the name transfer and liquidate mutual fu...
by fh2000
Sat Dec 18, 2010 11:44 am
 
Forum: Personal Finance (Not Investing)
Topic: Preparing for UTMA transfer
Replies: 2
Views: 604

Tax question after early retirement

I am currently 54, and wife 49 years of age. Our 2009 tax year effective tax rate for federal is: 18.02%, and state (California) effective tax rate is: 9.6%. I used TurboTax software to do my taxes each year. Our total taxable Income was: $206,610, so kind of surprised that our federal tax rate was ...
by fh2000
Sun Dec 05, 2010 1:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tax question after early retirement
Replies: 13
Views: 1750

Jury duty is very interesting and educational to me. I am in LA area so both my wife and I get called every other year. About 10 years ago, I was working for a public utility company and they allowed 10 paid jury duty days so when I got called, I tried my best to behave impartial and was selected as...
by fh2000
Thu Sep 02, 2010 8:37 pm
 
Forum: Personal Consumer Issues
Topic: Jury Duty....GRRRRRR!
Replies: 68
Views: 6050

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