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What are all the fees associated with 403b accounts?

At the beginning of the year, my employer changed our 403b provider, which at the time seemed awesome because average ERs of the funds went down from 1.65% to 0.35%. However, after the first quarter, I noticed some fees (0.9% of my acc balance) charged to my account. So, I promptly called the provid...
by katnok
Sat May 10, 2014 6:12 pm
 
Forum: Investing - Theory, News & General
Topic: What are all the fees associated with 403b accounts?
Replies: 1
Views: 341

Re: First Trip to India

If you have any Indian friends here in the US, their friends or family back home might be able to assist you with getting around without much hassle.
by katnok
Tue Apr 08, 2014 6:45 pm
 
Forum: Personal Consumer Issues
Topic: First Trip to India
Replies: 49
Views: 14474

Re: Why Americans are Retiring Overseas

I am not sure if I will retire outside the US, but if I do that will be India (home country), and the most likely reason would be healthcare. Why would healthcare be an issue? I am in that field, and I believe that there is a large influx (and this is only going to get worse) of incompetent and dish...
by katnok
Tue Apr 08, 2014 8:19 am
 
Forum: Personal Consumer Issues
Topic: Why Americans are Retiring Overseas
Replies: 109
Views: 11922

Re: What age did you reach 100K networth?

100k @ 33.5

200k @ 35

300k @ 36

Going forward, we hope to save ~ 75-80k/yr (excluding 20k/yr that we plan to put into 529s).
by katnok
Sat Mar 29, 2014 11:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: What age did you reach 100K networth?
Replies: 264
Views: 34582

Re: Where do you buy organic nuts

Thank you for your suggestions.

Will certainly check them out at Trader Joe's or Whole Foods.

How about nuts.com? Anyone bought nuts there?
by katnok
Wed Mar 26, 2014 5:57 pm
 
Forum: Personal Consumer Issues
Topic: Where do you buy organic nuts
Replies: 11
Views: 638

Where do you buy organic nuts

Like many of you, we eat nuts (Almonds, Pistachios, Walnuts and Hazelnuts) daily, which we usually buy at Costco. However, my wife would like to buy organic nuts, and has been thinking about buying them online at Amazon or nuts.com. I am a little skeptical about the quality of the nuts bought online...
by katnok
Wed Mar 26, 2014 4:42 pm
 
Forum: Personal Consumer Issues
Topic: Where do you buy organic nuts
Replies: 11
Views: 638

Re: Please help: Whats out tax filing status?

Thank you, montesquieu. Your links were quite helpful. I just got off the phone (after being on for more than 1.5 hr) with IRS. The lady was trying to help, but guess what. The info on the IRS website was more helpful than the lady on the phone. Finally, we are going to file as MFJ just like we did ...
by katnok
Thu Mar 13, 2014 11:51 am
 
Forum: Personal Consumer Issues
Topic: Please help: Whats out tax filing status?
Replies: 4
Views: 505

Re: Please help: Whats out tax filing status?

Thank you, HueyLD. I did go through that page, but our situation is slightly different in that my wife WAS on a different visa (and different filing status) at the beginning of the year.
by katnok
Thu Mar 13, 2014 10:57 am
 
Forum: Personal Consumer Issues
Topic: Please help: Whats out tax filing status?
Replies: 4
Views: 505

Please help: Whats out tax filing status?

My wife and I have been in the US for almost 7 years. While my visa status has been H1b throughout, my wife's changed from H4 (dependent) when we first came to the US, to F1 (student) in March 2013 . We had no issues filing our taxes as MFJ for the tax years 2007-2012 as were were considered "r...
by katnok
Thu Mar 13, 2014 10:28 am
 
Forum: Personal Consumer Issues
Topic: Please help: Whats out tax filing status?
Replies: 4
Views: 505

Re: How to Convert Someone That Doesn't Want to Be Converted

I think it is quite difficult for uninitiated individuals to see the benefits of Bogleheads philosophy when you first talk to them about it. While I am not a complete Boglehead yet, I am getting closer, and it has taken well over a couple of years to achieve this change. It was by pure chance that I...
by katnok
Mon Feb 24, 2014 11:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to Convert Someone That Doesn't Want to Be Converted
Replies: 50
Views: 4081

Re: Raising kids in a small town vs. big city/suburbs

Thanks to everyone for your experiences, opinions and suggestions.

I guess I can make the following generalizations from the replies:

1. Majority do not see growing up in a small town as a drawback
2. Parents/parenting and schools are more important than the size of your town or city.
by katnok
Tue Feb 11, 2014 8:26 pm
 
Forum: Personal Consumer Issues
Topic: Raising kids in a small town vs. big city/suburbs
Replies: 89
Views: 5852

Re: Raising kids in a small town vs. big city/suburbs

[quote="livesoft"]Let me add that my parents/family moved around while we were growing up. I graduated from a suburban high school with 700 students per grade that I later learned was in the top 100 in the nation per US News&WR although I was clueless at the time. My parents moved afte...
by katnok
Mon Feb 10, 2014 9:42 pm
 
Forum: Personal Consumer Issues
Topic: Raising kids in a small town vs. big city/suburbs
Replies: 89
Views: 5852

Re: Raising kids in a small town vs. big city/suburbs

You need to give more details about this small town i.e. schools, economics of the town, percentage with college degrees, activities for kids from pre-school thru high school, crime rate... I do not know all the details as we have been living here for about 3 years, but I can say that its schools a...
by katnok
Mon Feb 10, 2014 9:39 pm
 
Forum: Personal Consumer Issues
Topic: Raising kids in a small town vs. big city/suburbs
Replies: 89
Views: 5852

Re: Raising kids in a small town vs. big city/suburbs

Crimsontide wrote:I think you need to define your idea of success in life first. Do you mean strictly in a financial sense or their development as complete human beings and good citizens?


Financial success is important but it is not everything. We would like them to develop into well rounded human beings too.
by katnok
Mon Feb 10, 2014 9:25 pm
 
Forum: Personal Consumer Issues
Topic: Raising kids in a small town vs. big city/suburbs
Replies: 89
Views: 5852

Raising kids in a small town vs. big city/suburbs

We are a couple in our early to mid 30's with 2 young kids (2&4) living in a small town (about 20k pop). Just like every other parent, we would like our kids to achieve the best academically, professionally and personally as well as they are able to. This led us to the question of whether it wou...
by katnok
Mon Feb 10, 2014 9:03 pm
 
Forum: Personal Consumer Issues
Topic: Raising kids in a small town vs. big city/suburbs
Replies: 89
Views: 5852

Re: 403b plan change from "Principal" to "The Standard"

Ged wrote:Ask them why they aren't using a lower fee provider for these plans.


We already did, and the answer to that question is this move from Principal to the Standard.

What are the possible hidden fees? How do I find out those fees if they are not in the plan booklet?
by katnok
Mon Nov 25, 2013 6:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: 403b plan change from "Principal" to "The Standard"
Replies: 3
Views: 249

403b plan change from "Principal" to "The Standard"

My employer is going to move our 403b and 457b plans from Principal to The Standard. While I am excited about the availability of Vanguard funds with low ERs, I am also concerned about plan administrative fees, which according to the guide we received today would range from 0.85 - 1.75% based on the...
by katnok
Thu Nov 14, 2013 8:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: 403b plan change from "Principal" to "The Standard"
Replies: 3
Views: 249

Re: Am I a resident or non-resident alien for a 529 plan?

Update:
Called the customer service of Utah plan, and they told me that I am a resident alien for the purpose of opening a 529. So, the problem has been solved.
Thank you all for trying to help me.
by katnok
Mon Oct 21, 2013 7:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Am I a resident or non-resident alien for a 529 plan?
Replies: 11
Views: 769

Re: Am I a resident or non-resident alien for a 529 plan?

I found a 529 application form from Scholarshare 529 plan ( http://www.csustan.edu/hr/Apps-Forms-Policies-Procedures/Documents/Scholarshare_Application.pdf ) and it asks two questions regarding residency: Thanks for the above link, HueyLD. This makes it a bit clearer that I might be able to open a ...
by katnok
Sun Oct 20, 2013 6:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Am I a resident or non-resident alien for a 529 plan?
Replies: 11
Views: 769

Re: Am I a resident or non-resident alien for a 529 plan?

I will give them a call sometime this coming week.
Thank you, sscritic and Spirit Rider.
by katnok
Sun Oct 20, 2013 1:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Am I a resident or non-resident alien for a 529 plan?
Replies: 11
Views: 769

Re: Am I a resident or non-resident alien for a 529 plan?

One answer from google and the web: If you are on work visa in USA you are a resident alien and not a Non- Resident Alien. Dont confuse resident alien with green card. You can do any kind of passive investing within the law if you are a resident alien meaning you reside in US and have a lawful job....
by katnok
Sun Oct 20, 2013 1:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Am I a resident or non-resident alien for a 529 plan?
Replies: 11
Views: 769

Am I a resident or non-resident alien for a 529 plan?

I am trying to set up a 529 plan for one of my kids (US citizens). After reading here and elsewhere, I have decided to open a Utah 529 plan, but seems like I have already hit a roadblock. One of the questions in the process asks "Are you a US Citizen/Resident Alien". I couldn't proceed any...
by katnok
Sun Oct 20, 2013 12:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Am I a resident or non-resident alien for a 529 plan?
Replies: 11
Views: 769

Re: Just hit the million mark net worth today

Yogesh, congratulations from a fellow Indian immigrant!
Yours is an extraordinary achievement.
Feel proud of yourself!
by katnok
Sun Oct 20, 2013 6:59 am
 
Forum: Personal Finance (Not Investing)
Topic: Just hit the million mark net worth today
Replies: 98
Views: 9454

Re: Why are so many physicians unhappy with their careers?

Physician here. There are too many reasons to discuss them all... I can mention a few. 1. Lack of respect. It's funny to see some people on here mention that physicians are well-respected... maybe 30 years ago... that ship has long sailed. Patients are often rude and threatening. Administrators tal...
by katnok
Sun Oct 13, 2013 12:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Why are so many physicians unhappy with their careers?
Replies: 110
Views: 7433

Interest on Security Deposit of a Rental Home

We rented a town home through a property management company a little over 3 yrs ago. At the time of signing the lease, we paid one months rent ( about $1000) as security deposit. After 3 yrs of renting, we moved to a different town home. The reason for this move is, we returned signed lease agreemen...
by katnok
Sat Sep 28, 2013 3:20 pm
 
Forum: Personal Consumer Issues
Topic: Interest on Security Deposit of a Rental Home
Replies: 1
Views: 210

Re: Wife needs advice on finding entry level IT job

Thank you so much for all the advice I have received so far. I will pass it on to my wife. 1. I have already talked to the IT guy working for my employer (healthcare), who promised to let me know if he came across a suitable position. 2. As some of you suggested, we have been looking at the job list...
by katnok
Sun Jun 30, 2013 8:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Wife needs advice on finding entry level IT job
Replies: 29
Views: 2517

Re: Wife needs advice on finding entry level IT job

Thank you, TorpedoBook! Never thought about user groups. Will definitely look at them. She is interested in .NET. We have been looking at the job listings of the companies around here. They do have jobs, but pretty much all of them require at least a couple of years experience. Any thoughts about vo...
by katnok
Sun Jun 30, 2013 9:53 am
 
Forum: Personal Finance (Not Investing)
Topic: Wife needs advice on finding entry level IT job
Replies: 29
Views: 2517

Wife needs advice on finding entry level IT job

My wife has just graduated with a masters in Comp Science , and is now looking for an entry level job in IT . She doesn't have any experience in IT other than the projects she did as part of her masters. Her (our) situation is a little complicated in that she is looking for employment within 50 mile...
by katnok
Sun Jun 30, 2013 9:02 am
 
Forum: Personal Finance (Not Investing)
Topic: Wife needs advice on finding entry level IT job
Replies: 29
Views: 2517

Re: Hung out to dry.. Any advice on poor customer service?

I think you should have contacted the hospital rather than Health Port about your $60 because it was their delay that prompted you to order your records. Health Port simply charged for the services they provided. Whether $60 is too much (I think it probably is, but I do not know how big your medical...
by katnok
Thu Jun 20, 2013 9:22 am
 
Forum: Personal Consumer Issues
Topic: Hung out to dry.. Any advice on poor customer service?
Replies: 4
Views: 889

Re: Should I contribute to Taxable account instead of my 40

Even at this point, I am not sure I totally understand how these smallcap, midcap and large cap funds fit into my retirement goals. This is basic info you need to understand what you are doing. The stock market is divided into large, midsize, and smaller companies. The "cap" comes from &q...
by katnok
Sun Mar 24, 2013 4:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I contribute to Taxable account instead of my 403b?
Replies: 25
Views: 964

Re: Should I contribute to Taxable account instead of my 40

I would use the index funds in the 403b/457 and hold bonds in your Roths and international stocks in your taxable account. Typical recommendation for your age would be something like 45% domestic stock, 20% international stock, 35% bonds. $17,500 in your 403b and $11,000 in your Roths every year wo...
by katnok
Sun Mar 24, 2013 4:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I contribute to Taxable account instead of my 403b?
Replies: 25
Views: 964

Re: Should I contribute to Taxable account instead of my 40

I'm a little confused about your back door Roths because I understood your earlier post to say you are already doing them. . Sorry for the confusion. What I meant in my earlier post was, even after contributing to Roths we would still have money left over as we move forward. We invested most of our...
by katnok
Sun Mar 24, 2013 4:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I contribute to Taxable account instead of my 403b?
Replies: 25
Views: 964

Re: Should I contribute to Taxable account instead of my 40

These are better than 1.65%: 3. Principal global investors Large cap S&P 500 index R1 fund ------------------------------------ PLPIX – 1.04 4. Principal Global Investors Midcap S&P 400 Index R1 Fund ------------------------------------- PMSSX – 1.05 6. Principal Global Investors Small Cap ...
by katnok
Sun Mar 24, 2013 4:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I contribute to Taxable account instead of my 403b?
Replies: 25
Views: 964

Re: Should I contribute to Taxable account instead of my 40

To be in the 28% bracket your gross income must be over about $190,000, and your MAGI must be over about $170,000. This means that when your wife starts work your MAGI will likely be above the limit for direct Roth IRA contributions. For this reason your wife should probably contribute to a Roth IR...
by katnok
Sun Mar 24, 2013 4:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I contribute to Taxable account instead of my 403b?
Replies: 25
Views: 964

Re: Should I contribute to Taxable account instead of my 40

Me:35, Spouse:32 (Wife is a student and is not making any money at this point) Currently I max out my 403b. No employer match . Entire contribution is invested in Target Retirement Fund 2040 with an ER of 1.65 . Other available options have ERs mostly between 1.6 - 1.97. Before you do any taxable i...
by katnok
Sun Mar 24, 2013 4:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I contribute to Taxable account instead of my 403b?
Replies: 25
Views: 964

Re: Should I contribute to Taxable account instead of my 40

rr2 wrote:Is there any possibility to request better options in your 403b plan? I am fortunate enough to have a 403b with TIAA CREF. The costs are below .5% for most options.

I did but that fell on deaf ears.
by katnok
Sun Mar 24, 2013 3:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I contribute to Taxable account instead of my 403b?
Replies: 25
Views: 964

Re: Should I contribute to Taxable account instead of my 40

This topic has been discussed many times. The tax from your contributions is at your marginal tax rate 28%. In retirement, assuming no other income sources, your withdrawals will be taxed at your average tax rate -- some at 0, 10, 15, 25, 28, etc. Therefore, it is likely that you will come out ahea...
by katnok
Sun Mar 24, 2013 2:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I contribute to Taxable account instead of my 403b?
Replies: 25
Views: 964

Re: Should I contribute to Taxable account instead of my 40

It looks to me like you are also assuming that you stay at the current job until retirement and that 100% of your returns comes from capital gains rather than dividends or interest. The first assumption seems reasonable, if you do in fact have reason to make that assumption. The second assumption d...
by katnok
Sun Mar 24, 2013 2:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I contribute to Taxable account instead of my 403b?
Replies: 25
Views: 964

Should I contribute to Taxable account instead of my 403b?

Please help me determine if it makes sense to stop contributing to employer sponsored 403b (high expense ratio), and open a taxable account at Vanguard and contribute to it instead. Background: Me:35, Spouse:32 (Wife is a student and is not making any money at this point) Mattied filing jointly Marg...
by katnok
Sun Mar 24, 2013 12:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I contribute to Taxable account instead of my 403b?
Replies: 25
Views: 964

Re: recommend a online background/credit check service

I have a general question. What are the specific reasons for checking credit history of a prospective tenant? Will a low score deter you from renting or are you more interested in checking their bill payment history? Not necessarily just the score but what is on there. A credit history will also sh...
by katnok
Sun Mar 24, 2013 9:15 am
 
Forum: Personal Finance (Not Investing)
Topic: recommend a online background/credit check service
Replies: 9
Views: 899

Re: recommend a online background/credit check service

I have a general question.
What are the specific reasons for checking credit history of a prospective tenant? Will a low score deter you from renting or are you more interested in checking their bill payment history?
by katnok
Sat Mar 23, 2013 5:27 am
 
Forum: Personal Finance (Not Investing)
Topic: recommend a online background/credit check service
Replies: 9
Views: 899

Re: Financial advice for a newbie high earner

There are plenty of ways to reduce tax liability. One that comes to mind is to donate $300,000 a year to charity. Since you asked for financial advice, I would not mention large salaries to anyone ... even anonymously. Sure, we all have an idea of what physicians earn, but still no reason to lay it...
by katnok
Tue Mar 19, 2013 7:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: Financial advice for a newbie high earner
Replies: 78
Views: 7470

Re: Frustrated with the 403b options at my school district

My 403b options are also terrible. ERs range from 1-2%. I contacted my HR about 6 months ago about providing low cost options, but I was told they wouldnt do it as everybody (other employees) else was happy with available options. Does anyone know if there is any incentive for the employer to choose...
by katnok
Wed Mar 06, 2013 6:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: Frustrated with the 403b options at my [NJ] school district
Replies: 36
Views: 2972

Re: Please help with Investments

pingo wrote:Perhaps changing the Subject title for the thread would help OP get more responses from people in-the-know? (I confess I don't know how.)

Can it be done by editing the OP?

Thanks for the suggestion. Just changed the title.
by katnok
Sun Apr 15, 2012 9:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: Please help with Investments- Likey return to India in 15yrs
Replies: 31
Views: 2203

Re: Please help with Investments

Katnok, welcome. Thank you YDNAL. You have to make lemonade with lemons... these 403B Plans never end to amaze me. They actually charge 1%+ for an S&P 500 Fund - terrible. I was unpleasantly surprised to hear from my plan administrator (HR director) that everyone (employees) was happy with the ...
by katnok
Sun Apr 15, 2012 10:50 am
 
Forum: Investing - Help with Personal Investments
Topic: Please help with Investments- Likey return to India in 15yrs
Replies: 31
Views: 2203

Re: Please help with Investments

Thank you Pingo.

457b is a non govt plan and the fund choices are added to my original post
by katnok
Sun Apr 15, 2012 7:09 am
 
Forum: Investing - Help with Personal Investments
Topic: Please help with Investments- Likey return to India in 15yrs
Replies: 31
Views: 2203

Please help with Investments- Likey return to India in 15yrs

Emergency funds: 6 months Debt: Credit card debt- None. Cars: 1st car- paid off. 2nd car- 2 yr Car lease ( Had no choice. Going to purchase at the end of the lease). House: Currently renting, and plan to buy a house in about 4-5 years. Tax filing status: Married filing jointly Tax rate: 28% federal ...
by katnok
Sat Apr 14, 2012 10:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: Please help with Investments- Likey return to India in 15yrs
Replies: 31
Views: 2203

Re: New bed?

Another tempurpedic fan here.

Bought a king for about 2k 4 yrs ago.

So far, no complaints.
by katnok
Thu Apr 12, 2012 9:28 pm
 
Forum: Personal Consumer Issues
Topic: New bed?
Replies: 22
Views: 1350

Re: Investing in Indian CDs for Indian Expats (NRIs)

Rental yield 1-2% is too low, shades of Vancouver. I believe it will correct. The issue with a country going into exponential growth is, of course, that what seems unreasonable can become more unreasonable. India is still an underdeveloped and rural country, and as India compresses 19th century UK ...
by katnok
Sun Mar 25, 2012 6:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investing in Indian CDs for Indian Expats (NRIs)
Replies: 43
Views: 4989

Re: Index Fund equivalents in India

Thanks to all that provided the above links.
I think they have a lot of info that will help my brother make wise investment decisions.

Now, question to those that invested in index funds in India:
Does the "stay the course" philosophy apply to Indian funds as well?
by katnok
Tue Mar 20, 2012 4:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: Index Fund equivalents in India
Replies: 16
Views: 827
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