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by icefr
Tue Apr 21, 2015 11:49 am
Forum: Personal Finance (Not Investing)
Topic: Quick 401(k) Question
Replies: 7
Views: 464

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: 2654

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: 464

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: 266

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: 2654

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: 2654

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: 424

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: 1625

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: 692

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: 163

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: 415

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: 311

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: 4329

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: 1732

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: 1097

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: 795

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: 1097

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: 1097

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: 1097

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: 1097

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: 1097

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: 1732

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: 467

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: 421

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: 954

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: 467

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: 1975

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: 1975

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: 3158

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: 3158

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: 789

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: 314

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: 436

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: 888

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...
by icefr
Wed Mar 25, 2015 12:17 pm
Forum: Investing - Help with Personal Investments
Topic: Extra cash...how to use it?
Replies: 9
Views: 965

Re: Extra cash...how to use it?

I vote A/B. If you plan on buying a house this year, I would be keeping more money in cash. Once you close and a few months into living in the house, you can calculate how much extra cash you have and then use that to help you continue maxing out the 457, pay extra on the mortgage, or throw into tax...
by icefr
Tue Mar 24, 2015 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: Where do I learn how much one SHOULD spend on a home?
Replies: 64
Views: 5440

Re: Where do I learn how much one SHOULD spend on a home?

OP, I'm the same age as you and live in the same HCOL. I bought a two bedroom condo three years ago at age 23. I was renting a one bedroom for ~$1750/month including parking and utilities. I looked at the New York Times Buy vs Rent calculator and it said that buying would make more sense in my case ...
by icefr
Tue Mar 24, 2015 11:27 am
Forum: Personal Finance (Not Investing)
Topic: To refinance or not
Replies: 2
Views: 445

Re: To refinance or not

Can you get a slightly higher interest rate and pay no closing costs? That's what I would consider doing - lower the rate and required payment at no cost to you.
by icefr
Mon Mar 23, 2015 5:38 pm
Forum: Investing - Help with Personal Investments
Topic: 401K + Roth + Taxable - new investor, need advice
Replies: 3
Views: 424

Re: 401K + Roth + Taxable - new investor, need advice

Welcome to the forum! Your investments look to be in not too bad shape - you've picked some great index funds. I'm not quite sure what your questions are though :) You should take a look at this post and update your OP: https://www.bogleheads.org/forum/viewtopic.php?f=1&t=6212 I'm mostly curious...
by icefr
Mon Mar 23, 2015 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: Budget ? [Household budget, how to manage gap in income?]
Replies: 8
Views: 1258

Re: Budget ?

Is your income sufficient to cover your expenses? If so, I would consider saving your wife's paychecks and using yours for spending. That way, you don't have to set aside money to cover the summer paychecks.
by icefr
Mon Mar 23, 2015 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard Problems [Account transactions]
Replies: 22
Views: 3214

Re: Vanguard Problems

OP here, I have no doubt that this will get straightened out at some point. Pretty frustrating though. This last transaction was a simple "in-kind" rollover of two funds from a 401K (held at VG) into the same two funds in a new Traditional IRA. What ended up happening was some money went ...
by icefr
Sun Mar 22, 2015 10:15 am
Forum: Investing - Help with Personal Investments
Topic: 401k or Vanguard Star?
Replies: 7
Views: 449

Re: 401k or Vanguard Star?

What tax bracket are you in? If you're in the 25% or 28% tax bracket, contributing to the 401(k) may be worthwhile for the tax savings. As for the ROTH and the Star fund, I would also look at the Target Retirement date funds, e.g. the Vanguard Target Retirement 2050 Fund: https://personal.vanguard.c...
by icefr
Fri Mar 20, 2015 12:30 pm
Forum: Investing - Help with Personal Investments
Topic: 1st Taxable Account with Vanguard. Investing Strategy.
Replies: 19
Views: 2496

Re: 1st Taxable Account with Vanguard. Investing Strategy.

Do you have any IRAs for you and/or your spouse? What funds do you have available in your 401(k)?
by icefr
Tue Mar 17, 2015 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: Does the IRS Withholding Calculator and bonuses
Replies: 1
Views: 272

Re: Does the IRS Withholding Calculator and bonuses

No, you need to calculate that yourself:

"Enter the total Federal income tax withheld to date in 2015 (including amounts withheld from bonuses or which you expect to have withheld for bonuses):"

so this is YTD federal income tax on your last paycheck + 25% of all expected bonuses
by icefr
Tue Mar 17, 2015 10:53 am
Forum: Investing - Help with Personal Investments
Topic: New 401(k) time - should I use BrokerageLink or VIIIX?
Replies: 4
Views: 524

Re: New 401(k) time - should I use BrokerageLink or VIIIX?

Thank you so much for your time, Duckie! This was very helpful. :) I think I have been having problems with decision fatigue what with the new job and all.
by icefr
Mon Mar 16, 2015 7:00 pm
Forum: Investing - Help with Personal Investments
Topic: Another Mortgage vs Investing Q
Replies: 15
Views: 1513

Re: Another Mortgage vs Investing Q

The $40k would make such a huge difference on that mortgage balance. I would absolutely do it! Looks like you guys should have it paid off soon!
by icefr
Mon Mar 16, 2015 5:41 pm
Forum: Investing - Help with Personal Investments
Topic: New 401(k) time - should I use BrokerageLink or VIIIX?
Replies: 4
Views: 524

Re: New 401(k) time - should I use BrokerageLink or VIIIX?

Thanks Duckie! :) Would it be better to use the 0.02% Vanguard Institutional index fund? Yes. I would use VIIIX at 0.02% instead of PIMCO at 0.27%. (That's a great price for PIMCO Total Return. I've never seen it cheaper than 0.46%.) You're meaning to use VIIIX at 0.02% for the amount that my employ...
by icefr
Mon Mar 16, 2015 4:57 pm
Forum: Investing - Theory, News & General
Topic: Poll: When to pay down debt rather than invest
Replies: 49
Views: 4062

Re: Poll: When to pay down debt rather than invest

It depends on the account you would be investing in and the rate of return: * 401(k) contributions to get a 50% or 100% match, absolutely before paying down debt. * 401(k) contributions if you're in a 25% or higher tax bracket, absolutely before paying down debt. * Roth IRA contributions, I would pa...
by icefr
Mon Mar 16, 2015 12:00 pm
Forum: Investing - Help with Personal Investments
Topic: New 401(k) time - should I use BrokerageLink or VIIIX?
Replies: 4
Views: 524

New 401(k) time - should I use BrokerageLink or VIIIX?

Thanks to this website, I managed a easy to maintain three fund portfolio in my old job's 401(k) for the last several years, but now I've started a new job and have been wracking my brain with what I should pick for the new allocation. Emergency funds: Yup Debt: ~$140,000 5/1 ARM at 2.5% Tax filing ...
by icefr
Fri Mar 13, 2015 4:31 pm
Forum: Personal Finance (Not Investing)
Topic: Home? Student Loan? Investment? HELP!
Replies: 3
Views: 387

Re: Home? Student Loan? Investment? HELP!

1) Are you a US citizen? The IRS seems to not like TFSAs... 2) Don't use the RRSP loans. They just get you into a trap. Your RRSP and TFSA room roll over forever. Don't worry about losing the contribution room. 3) Take 5k out of your TFSA and pay off your credit card balance and your RRSP loan. 4) D...

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