Search found 289 matches

by icefr
Fri Jun 26, 2015 4:55 pm
Forum: Investing - Help with Personal Investments
Topic: New, Looking for Retirement Advice
Replies: 17
Views: 2848

Re: New, Looking for Retirement Advice

Just commenting on your employer stock: 1) I would edit your original post to edit out your old employer's name. 2) I would sell all of your stock in your old employer. You're not doing bad with the amount of stock you have in them, but I know too many people with 50-75% of their net worth in their ...
by icefr
Fri Jun 26, 2015 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: Condo - HOA Rules for Leasing
Replies: 27
Views: 2089

Re: Condo - HOA Rules for Leasing

I would clarify with someone on the board if I were you. My HOA rules have similar wording and they are very against roommates. Significant other moving in is fine, but otherwise, you aren't allowed to collect rent on a portion of the unit. I wouldn't want to anyway because the soundproofing between...
by icefr
Wed Jun 24, 2015 12:20 pm
Forum: Investing - Help with Personal Investments
Topic: uncertain future: pay off mortgage or continue to invest, or wait?
Replies: 11
Views: 1515

Re: uncertain future: pay off mortgage or continue to invest, or wait?

Have you been making extra mortgage payments? If so, could you recast the mortgage to lower your payment a bit?
by icefr
Wed Jun 24, 2015 11:55 am
Forum: Investing - Help with Personal Investments
Topic: Need help planning contributions so I can retire early
Replies: 17
Views: 1583

Re: Need help planning contributions so I can retire early

I'm also 26 and a software engineer. My savings plan is mostly to live below my means, spend consciously, and save the rest. If that lets me retire early, that's cool, whether I want to or not. I live in a higher cost of living area than you though, so my income is probably a bit higher. I live off ...
by icefr
Wed Jun 17, 2015 7:03 pm
Forum: Investing - Help with Personal Investments
Topic: International & Bond Choices/Account Placement
Replies: 2
Views: 351

Re: International & Bond Choices/Account Placement

Your portfolio looks mostly fine :) In response to your general comment, the problem here is that you're trying to replicate a three fund portfolio in each account, rather than picking the best options available in each account. 1. I don’t really like my 401k bond options, but I’ve read it’s better ...
by icefr
Wed Jun 17, 2015 2:46 pm
Forum: Personal Finance (Not Investing)
Topic: Another "Can we afford this home?" scenario
Replies: 13
Views: 2009

Re: Another "Can we afford this home?" scenario

I would be maxing out your 401(k)s, taking your $60k cash to pay off the $30k loan and $30k of the $130k loan, paying off the student loans aggressively as you could get rid of them entirely in the next 2 years, and then saving up a down payment. Who knows what will happen with interest rates and pr...
by icefr
Tue Jun 16, 2015 6:50 pm
Forum: Investing - Help with Personal Investments
Topic: How to invest for a house downpayment in 10+ years?
Replies: 17
Views: 1959

Re: How to invest for a house downpayment in 10+ years?

First of all, if you don't want to buy a house for 5-10 years, are you maxing out your 401(k) and Roth IRA?
by icefr
Sun May 31, 2015 9:45 am
Forum: Investing - Help with Personal Investments
Topic: Help with 401K transfer - fidelity
Replies: 5
Views: 522

Re: Help with 401K transfer - fidelity

The funds you picked look like the good ones in your plan. If you wanted any bonds in your 401(k), I would use this: SPTN US BOND IDX ADV (FSITX) 03/08/1990 Bond Investments Income You didn't list expense ratios, but assuming they have the same as the publicly available tickers, the Spartan ones tha...
by icefr
Sat May 30, 2015 11:10 pm
Forum: Personal Finance (Not Investing)
Topic: Housing: rent or buy in Denver?
Replies: 12
Views: 1734

Re: Housing: rent or buy in Denver?

http://www.nytimes.com/interactive/2014/upshot/buy-rent-calculator.html If it were me with your numbers, I would probably pay cash for the condo and enjoy it until I wanted to move and then sell it and not worry about the numbers. Two years is a bit tight though - I'd prefer it if you were wanted to...
by icefr
Thu May 28, 2015 4:02 pm
Forum: Personal Consumer Issues
Topic: Fidelity ATM card
Replies: 5
Views: 716

Re: Fidelity ATM card

They will reimburse the ATM fees, but there is still a 1% foreign transaction fee that is hidden in the currency conversion rate.
by icefr
Wed May 27, 2015 3:30 pm
Forum: Personal Consumer Issues
Topic: Should I shorten my last name?
Replies: 70
Views: 6410

Re: Should I shorten my last name?

Whatever you do, don't have two words as your last name (I.e. Hillary Rohdam Clinton). My wife did that when we got married, because she didn't want to hyphenate and wanted to be a little different. It has caused numerous headaches. Whenever we tell someone the last name, they assume that the Rohda...
by icefr
Wed May 27, 2015 2:56 pm
Forum: Investing - Help with Personal Investments
Topic: Ally bank or pay down mortgage (or neither/both)
Replies: 4
Views: 728

Re: Ally bank or pay down mortgage (or neither/both)

It sounds like you prefer to have a bigger emergency fund than you thought, which is fine too. My personal priority list is: 0) 6-12 month emergency fund 1) traditional 401(k) max 2) Roth IRA max 3) after-tax 401(k) max 4) cash for known goals in the next 3 years 5) mortgage pre-payments, until mort...
by icefr
Tue May 26, 2015 10:16 pm
Forum: Investing - Help with Personal Investments
Topic: Max 401k or Prepay 30yr Mortgage in 15yrs
Replies: 25
Views: 2223

Re: Max 401k or Prepay 30yr Mortgage in 15yrs

I max out all retirement accounts (401(k) pre-tax, Roth IRA, 401(k) after-tax) before considering paying down my mortgage. The taxable account vs mortgage debate is where it's take your pick, but you are in the 25% tax bracket and depending on how much you itemize, maxing out both your 401(k) and yo...
by icefr
Fri May 22, 2015 12:09 pm
Forum: Investing - Theory, News & General
Topic: SO left the employer. ESPP and 401K accounts.
Replies: 9
Views: 939

Re: SO left the employer. ESPP and 401K accounts.

She quit. The companies' perks are on par with the industry, but, the work environment has been poisonous. She took the abuse for the longest time and finally gave her two weeks notice. Getting a panic attack was the last straw. She will be taking a break for a month or so before she will think abo...
by icefr
Sat May 09, 2015 10:46 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review Requested - Correct Format
Replies: 7
Views: 855

Re: Portfolio Review Requested - Correct Format

A few comments/questions: 1) If you're not at the after-tax 401(k) max based on cash flow, you could draw down your taxable account to fund cash flow while funding the after-tax 401(k) fully. 2) Are the separate taxable accounts pre-marital? If not, why not have a joint one? (Just curious) 3) You bo...
by icefr
Tue Apr 21, 2015 11:49 am
Forum: Personal Finance (Not Investing)
Topic: Quick 401(k) Question
Replies: 7
Views: 558

Re: Quick 401(k) Question

I tried to do this recently and they forced me to rollover both parts (pre-tax and Roth) at the same time. I was able to do a split rollover: the pre-tax portion to my new 401(k) and the Roth portion to my Roth IRA. Was the process painless or an administrative headache? I would love to have the Ro...
by icefr
Tue Apr 21, 2015 8:52 am
Forum: Investing - Help with Personal Investments
Topic: Newly Married - Both 28 - NYC residents - How are we doing?
Replies: 26
Views: 2931

Re: Newly Married - Both 28 - NYC residents - How are we doi

Sorry, I was confused. Looks like the NYT buy vs rent calculator shows you guys would be fine with the apartment then. As for your question 5, I would decide how much you guys want to have as an emergency fund and then have that + your $80,000 down payment before buying, plus up to $10,000 for closi...
by icefr
Mon Apr 20, 2015 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: Quick 401(k) Question
Replies: 7
Views: 558

Re: Quick 401(k) Question

I tried to do this recently and they forced me to rollover both parts (pre-tax and Roth) at the same time. I was able to do a split rollover: the pre-tax portion to my new 401(k) and the Roth portion to my Roth IRA.
by icefr
Mon Apr 20, 2015 5:29 pm
Forum: Personal Finance (Not Investing)
Topic: HSA contributions - employee vs employer
Replies: 3
Views: 344

Re: HSA contributions - employee vs employer

My HSA allows me to make a lump sum contribution at any time, but I wouldn't save on the FICA taxes. I would contact your HSA administrator and see what they have to say since your employer won't let you change the amount.
by icefr
Mon Apr 20, 2015 4:34 pm
Forum: Investing - Help with Personal Investments
Topic: Newly Married - Both 28 - NYC residents - How are we doing?
Replies: 26
Views: 2931

Re: Newly Married - Both 28 - NYC residents - How are we doi

Thanks for the responses. The main reason we wanted to buy an apartment is because the cost of our rent is $1950 a month. If we get an apartment closer to the 300k range and pay 60k for down payment, we're talking about a 240k apartment. Even with hoa fees, it doesn't seem that it would cost us tha...
by icefr
Mon Apr 20, 2015 2:12 pm
Forum: Investing - Help with Personal Investments
Topic: Newly Married - Both 28 - NYC residents - How are we doing?
Replies: 26
Views: 2931

Re: Newly Married - Both 28 - NYC residents - How are we doi

Have you run the NYT Rent vs Buy calculator on your rent vs an apartment? How much would the property taxes be on this apartment? If you would be paying more per month to own the apartment AND you don't plan on staying there forever, I would keep renting until you want to buy a place that is cheaper...
by icefr
Mon Apr 20, 2015 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: Tax withholding for lump sums
Replies: 4
Views: 480

Re: Tax withholding for lump sums

If your AGI is over $150k (which it sounds like it is), then so long as you have 110% of your prior year's income tax withheld in the current year, then you won't pay any underpayment penalties. Given that information, I would set up your withholdings or estimated tax so that you hit that amount and...
by icefr
Thu Apr 16, 2015 3:03 pm
Forum: Investing - Help with Personal Investments
Topic: House down payment vs. more retirement savings
Replies: 19
Views: 1782

Re: House down payment vs. more retirement savings

I'd also suggest paying off your student loans. Once that's out of the way, you'd have an extra $600/month cash flow to save for boosting emergency fund, house down payment, retirement in your taxable accounts. Are you contributing to Roth 401k or Traditional 401k? Switching to Traditional 401k con...
by icefr
Wed Apr 15, 2015 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth IRA
Replies: 6
Views: 764

Re: Backdoor Roth IRA

My question on converting from Traditional to Roth is this: If I make a non-deductible contribution to my Traditional IRA for 2015, can I convert the whole amount within the Traditional IRA to a Roth, even if it exceeds the maximum contribution limit for the year? From what I have read so far, it s...
by icefr
Tue Apr 14, 2015 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: form 8938 and RRSP
Replies: 1
Views: 215

Re: form 8938 and RRSP

Sounds like you found the right answer then. You still have to file the FBAR though.
by icefr
Sat Apr 11, 2015 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Help w/ Form 8958 Community Property State (Using TaxACT S/W
Replies: 3
Views: 490

Re: Help w/ Form 8958 Community Property State (Using TaxACT

You might be able to use "Free File Fillable Online Forms". It's basically like filing a paper return except you can e-file.
by icefr
Fri Apr 10, 2015 1:05 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth IRA Timing
Replies: 3
Views: 369

Re: Backdoor Roth IRA Timing

That's what I do! It keeps it pretty simple. I'm reasonably certain I'll be over the MAGI for direct Roth IRA contributions though.
by icefr
Fri Apr 10, 2015 11:15 am
Forum: Investing - Theory, News & General
Topic: International Investing
Replies: 65
Views: 4847

Re: International Investing

And then there is the rest of us on this board who think of US stock as foreign because we were born somewhere else and that's simply what it is to us. :wink: I'm sure we'll all do fine. +1 That's part of why I have a 50/50 US/International split. I already have currency risk in that I may retire n...
by icefr
Thu Apr 09, 2015 6:26 pm
Forum: Personal Finance (Not Investing)
Topic: Another Housing Thread (450k)
Replies: 18
Views: 1948

Re: Another Housing Thread (450k)

I am 26, I own a 450k condo, and my salary is comparable to yours. I bought with 20% down when it was worth about 100k less and my salary was just under $100k, which was a bit of a stretch! I've since paid off about half of my mortgage, which sometimes I question the sanity of, whether I should hav...
by icefr
Thu Apr 09, 2015 6:01 pm
Forum: Investing - Help with Personal Investments
Topic: [Resident Alien] Taking Money out of Retirement Savings
Replies: 17
Views: 1385

Re: [Resident Alien] Taking Money out of Retirement Savings

Currency risk. Local spending. Home country bias. If you withdraw it all in one tax year, you'll save a ton of tax filing and headaches. Simplicity. Why would leaving the money in a U.S. retirement account create a ton of tax filing and headaches? The tax that is levied in the OP's situation (appar...
by icefr
Thu Apr 09, 2015 3:56 pm
Forum: Investing - Help with Personal Investments
Topic: IRA or Taxable?
Replies: 7
Views: 891

Re: IRA or Taxable?

What about moving part of your emergency fund to a Roth IRA to take advantage of the full 2014 contribution since you say you'll have better cash flow going forward?
by icefr
Wed Apr 08, 2015 5:45 pm
Forum: Investing - Help with Personal Investments
Topic: [Resident Alien] Taking Money out of Retirement Savings
Replies: 17
Views: 1385

Re: [Resident Alien] Taking Money out of Retirement Savings

But I don't see why you can't just leave the money in the U.S. Presumably you will not be able to contribute any new money, but you can check with your custodian to see if they will let you keep the current account. This must be a common situation given how international the workforce is these days...
by icefr
Wed Apr 08, 2015 4:36 pm
Forum: Investing - Help with Personal Investments
Topic: [Resident Alien] Taking Money out of Retirement Savings
Replies: 17
Views: 1385

Re: [Resident Alien] Taking Money out of Retirement Savings

The problem with this approach is that if you're on a work visa, you typically have to leave the country within 1-30 days of leaving your job. You would need to time your exit from your employer very well in order to get to move your 401(k) to a Rollover IRA before you're no longer a resident. Once...
by icefr
Wed Apr 08, 2015 4:19 pm
Forum: Investing - Help with Personal Investments
Topic: [Resident Alien] Taking Money out of Retirement Savings
Replies: 17
Views: 1385

Re: [Resident Alien] Taking Money out of Retirement Savings

Folks, What am I missing here?? Who said that a person must withdraw ALL of the 401K in one year?? 1) A person can rollover the 401K to to Rollover IRA A/C. 2) Then, a person just withdraw enough from Rollover IRA A/C to pay zero tax each year. Yes, you still pay 10% penalty but you pay Zero federa...
by icefr
Wed Apr 08, 2015 4:14 pm
Forum: Investing - Help with Personal Investments
Topic: [Resident Alien] Taking Money out of Retirement Savings
Replies: 17
Views: 1385

Re: [Resident Alien] Taking Money out of Retirement Savings

You're in luck because I saved my spreadsheet! Assumptions: 28% marginal tax bracket, only federal taxes, $7k you contribution, $1.5k company match, this is your only income in the year when you withdraw it all 401k beg contribution gains end 1 0 8500 0 8500 2 8500 8500 680 17680 3 17680 8500 1414.4...
by icefr
Wed Apr 08, 2015 12:47 pm
Forum: Investing - Help with Personal Investments
Topic: [Resident Alien] Taking Money out of Retirement Savings
Replies: 17
Views: 1385

Re: [Resident Alien] Taking Money out of Retirement Savings

This is a really hard dilemma that has plagued me for the 5 years that I've been in the US full-time. I am fortunate that my home country has a tax treaty with the US covering the 401(k) and Roth IRA. It doesn't cover HSAs, so I have elected at this time to keep no more than one year's out of pocket...
by icefr
Wed Apr 08, 2015 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: Another Housing Thread (450k)
Replies: 18
Views: 1948

Re: Another Housing Thread (450k)

I am 26, I own a 450k condo, and my salary is comparable to yours. I bought with 20% down when it was worth about 100k less and my salary was just under $100k, which was a bit of a stretch! I've since paid off about half of my mortgage, which sometimes I question the sanity of, whether I should have...
by icefr
Wed Apr 08, 2015 9:47 am
Forum: Investing - Help with Personal Investments
Topic: 401k Rollover details - Help?
Replies: 6
Views: 558

Re: 401k Rollover details - Help?

If you don't get a message with the amount, I would just call them up and ask. I've talked to my new and old 401(k) plan administrator on the phone several times over the course of this process and everyone has been quite helpful.
by icefr
Tue Apr 07, 2015 7:38 pm
Forum: Investing - Help with Personal Investments
Topic: Unclear on taxes for a "reverse" rollover
Replies: 6
Views: 506

Re: Unclear on taxes for a "reverse" rollover

You do not cash the check, you can sign it on the back to your name Fidelity account # and send it in to the new account as directed. I'm not sure you want to sign this check. I just talked to my 401(k) plan administrator on the phone and they said that I should not sign mine. So I would double che...
by icefr
Tue Apr 07, 2015 6:35 pm
Forum: Personal Finance (Not Investing)
Topic: Cell phone question
Replies: 10
Views: 1054

Re: Cell phone question

Yes..
by icefr
Tue Apr 07, 2015 1:17 pm
Forum: Investing - Help with Personal Investments
Topic: 401k Rollover details - Help?
Replies: 6
Views: 558

Re: 401k Rollover details - Help?

I waited until I got the check in the mail from the old 401(k), then filled in the form with rollover instructions for the new 401(k) since I then had the exact $ amount that was going in to it. I just did that this week :D If you haven't done this before, it was quite scary to see my entire 401(k) ...
by icefr
Thu Apr 02, 2015 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: My wife is getting a new job -- some related questions
Replies: 19
Views: 2095

Re: My wife is getting a new job -- some related questions

4. I was able to do a two-part rollover from my old 401(k): one part Roth 401(k) to Roth IRA and one part pre-tax 401(k) to new 401(k), initiated at the same time. You may be able to do that without doing the double IRA rollover and then rolling the IRA to the new 401(k). I waited until I saw what ...
by icefr
Thu Apr 02, 2015 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: My wife is getting a new job -- some related questions
Replies: 19
Views: 2095

Re: My wife is getting a new job -- some related questions

1. I would keep doing pre-tax 401(k) contributions at your marginal rate. 2. not sure where question 2 went 3. I would just plan on selling the less-good taxable funds at the beginning of your combined retirement. 4. I was able to do a two-part rollover from my old 401(k): one part Roth 401(k) to Ro...
by icefr
Fri Mar 27, 2015 5:22 pm
Forum: Personal Finance (Not Investing)
Topic: The Financial Implications of Moving in Together
Replies: 59
Views: 3495

Re: The Financial Implications of Moving in Together

Hopefully he doesn't claim a common law marriage if you have a falling out. I wouldn't be too concerned about that - we signed (under notary) a document stating that we are not entering into a common law marriage and our assets stay separate, among other things. He also isn't paying for anything di...
by icefr
Fri Mar 27, 2015 4:43 pm
Forum: Personal Finance (Not Investing)
Topic: The Financial Implications of Moving in Together
Replies: 59
Views: 3495

Re: The Financial Implications of Moving in Together

We did this a while back. We called it getting married and combined all our finances. Now, I realize a lot of people think marriage is fuddy-duddy, and I'm trying not to be judgmental. But here's what I would do. I would first decide what you are. I don't think marriage is Fuddy-Duddy... I don't ev...
by icefr
Fri Mar 27, 2015 12:26 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement options after maxing 401k
Replies: 7
Views: 867

Re: Retirement options after maxing 401k

Since you're filing jointly, you should be able to contribute to Roth/Traditional IRAs for both you and your wife. ("Spousal IRA" for your wife, technically.) Depending on your income as the other posters said, you may need to use the Backdoor. You can still open IRAs at Vanguard before th...
by icefr
Thu Mar 26, 2015 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: Merging HSA accounts?
Replies: 4
Views: 381

Re: Merging HSA accounts?

You can combine her existing HSA accounts into one at any bank that has HSAs that you want, but the funds need to remain titled to her and each of you can use money from either of your HSAs to pay for either of your expenses.
by icefr
Thu Mar 26, 2015 11:03 am
Forum: Personal Finance (Not Investing)
Topic: 401K rollover or not?
Replies: 6
Views: 493

Re: 401K rollover or not?

I recently left a job that had a 401(k) with good institutional index funds, like yours. I left the money where it was and waited until I started my new job and got access to information on its 401(k) plan. It turns out that my old plan has a quarterly fee if you're no longer employed that made the ...
by icefr
Wed Mar 25, 2015 12:54 pm
Forum: Investing - Help with Personal Investments
Topic: How to 3-fund when I can do Vanguard for 401k/Roth/Taxable?
Replies: 4
Views: 999

Re: How to 3-fund when I can do Vanguard for 401k/Roth/Taxab

First, I would recommend editing your employer out of your post, e.g. to "Company stock at 15% ESPP". We don't need to know who you work for :) I'm assuming that your emergency fund is not included in the cash you listed and treating all of your accounts In general, I like the three fund p...

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