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Re: I'm having a baby! College savings questions

What is your age? I would wait to decide on the 529 until you are back in the States. Concentrate on retirement savings and cash savings for housing, cars, etc., for when you come back to USA so you won't have to go into non-mortgage debt then. Also get in as many experiences as possible while ther...
by maidius
Mon Apr 28, 2014 8:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: I'm having a baby! College savings questions
Replies: 14
Views: 3602

I'm having a baby! College savings questions

I have so many things running through my head. My wife and I have been trying to have a child for close to a year now and we are through our first trimester which means we have a very high chance for success. Now I still have some time to prepare but I need to start thinking now before things get to...
by maidius
Mon Apr 28, 2014 8:47 am
 
Forum: Investing - Help with Personal Investments
Topic: I'm having a baby! College savings questions
Replies: 14
Views: 3602

Re: Roth IRA for Alien Wife

market timer wrote:Could you use a family member's address in the US for your wife?

This is not a problem, my current account is under my parents' address.
by maidius
Thu Dec 12, 2013 4:03 am
 
Forum: Investing - Help with Personal Investments
Topic: Roth IRA for Alien Wife
Replies: 6
Views: 536

Re: Roth IRA for Alien Wife

Thats what I think too. I just was hoping to see if anyone else has had a similar experience.
by maidius
Wed Dec 11, 2013 10:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: Roth IRA for Alien Wife
Replies: 6
Views: 536

Roth IRA for Alien Wife

I've read recently that even if you SO doesn't work that they can still apply for a Roth IRA as long as you used taxed funds to fund the account. I would love to do this but I have a question. My wife is not a US resident, she has held a green card in the past and has a SSN but no longer has any res...
by maidius
Wed Dec 11, 2013 9:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: Roth IRA for Alien Wife
Replies: 6
Views: 536

Re: Vanguard ETF Purchase

I found out the commissions for my brokerage is $25 for mutual funds and $5 for ETFs. I imagine that if I'm only making a one time purchase (switching my risky stock into less risky, more intelligent index funds this $25 will pay in time very quickly). I'm still not 100% sure on the pros and cons of...
by maidius
Wed Dec 11, 2013 9:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard ETF Purchase
Replies: 12
Views: 1191

Re: Vanguard ETF Purchase

[quote="in_reality"ļ¼½ I am not sure what you mean by that and can't tell if you are deducting your foreign income or taking foreign tax paid as a credit, but either way YES, you are in a tax bracket. It doesn't matter where your salary is from, it still puts you in a tax bracket for calcula...
by maidius
Wed Dec 11, 2013 8:31 am
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard ETF Purchase
Replies: 12
Views: 1191

Re: Vanguard ETF Purchase

I won't be in any tax bracket this year because all my salary is outside of the US and I am in a country with a tax credit where my income is below the US taxable amount. I won't be speaking with my accountant until after the new year since he is in the US doing a training. I'll have to wait to hear...
by maidius
Wed Dec 11, 2013 2:39 am
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard ETF Purchase
Replies: 12
Views: 1191

Re: Vanguard ETF Purchase

If I decide to sell my stock to buy the mutual funds or ETFs, would it make more sense to sell all my stock at one time and purchase all funds at one time or use the money to buy a little each month? With my broker there are brokerage fees so I don't think it is a good idea to keep buying some each ...
by maidius
Tue Dec 10, 2013 11:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard ETF Purchase
Replies: 12
Views: 1191

Re: Vanguard ETF Purchase

I just found out I should be able to purchase mutual funds or ETFs with my brokerage, so another question would be if the expenses are the same through my brokerage, is there a better reason to buy one versus the other? @mhc: I have looked into this page and hence why I have chosen to choose a retir...
by maidius
Tue Dec 10, 2013 10:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard ETF Purchase
Replies: 12
Views: 1191

Vanguard ETF Purchase

I'm looking for some advice on building my portfolio. I'm currently 27 years old married but have no children yet. I am currently working outside of the US so am unable to sign up for a Vanguard Brokerage account but can use a prior brokerage company to buy Vanguard ETFs to build my portfolio. I am ...
by maidius
Tue Dec 10, 2013 10:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard ETF Purchase
Replies: 12
Views: 1191

Re: Switching Funds to Vanguard

Good research. All you are missing is that you have to have a larger amount of money than the $3000 miminums to get the lower ER, typically $10,000 per fund but more in some cases. When those staple funds above exceed $10,000 they will qualify for "admiral shares." VTSAX (ER=0.07) instead...
by maidius
Sun Mar 17, 2013 8:24 am
 
Forum: Investing - Help with Personal Investments
Topic: Switching Funds to Vanguard
Replies: 15
Views: 1345

Re: Working Abroad and IRA

Wow... I started my Roth IRA before I left the US and have had a small amount of money coming out of my bank account every month... I will have to take a second look at how I report my income. This is all a bit new to me and I will have to speak with my accountant regarding this situation. Thank you...
by maidius
Sat Mar 16, 2013 7:44 am
 
Forum: Personal Finance (Not Investing)
Topic: Working Abroad and IRA
Replies: 12
Views: 838

Re: Working Abroad and IRA

What I mean is that you are not allowed to contribute to an IRA in one year more than you made in taxable earned income that year. Excluded income does not count as taxable earned income, so unless you have some un-excluded earned income (wages, salary, etc. -- not interest or investment income), t...
by maidius
Sat Mar 16, 2013 5:01 am
 
Forum: Personal Finance (Not Investing)
Topic: Working Abroad and IRA
Replies: 12
Views: 838

Re: Working Abroad and IRA

Regardless of if you have any non-foreign excluded earned income in 2013, you should consider converting some Traditional -> Roth while you have an effective 0% tax rate. Would this be a worthwhile idea? Would it even work that way? Due to my excluded funds, would I be classified as having a 0% tax...
by maidius
Sat Mar 16, 2013 4:57 am
 
Forum: Personal Finance (Not Investing)
Topic: Working Abroad and IRA
Replies: 12
Views: 838

Re: Switching Funds to Vanguard

When you get to where you have a fairly large portfolio it is probably worth it to make your own TR fund out of the 3 individual funds to save yourself 0.1% on the expense ratio. The TR combined funds are about 0.1% higher ER. Very little work to rebalance every couple of years. JW When you say the...
by maidius
Sat Mar 16, 2013 3:42 am
 
Forum: Investing - Help with Personal Investments
Topic: Switching Funds to Vanguard
Replies: 15
Views: 1345

Re: Switching Funds to Vanguard

While I'm on the topic of Funds, I should ask about some other funds I have. I have some money in Apple Stock from an Employee Purchase Program, and I also have some other stocks in another brokerage account. In total, these equal about (at current market value) ~ $16,000. Now I don't know much abou...
by maidius
Sat Mar 16, 2013 2:56 am
 
Forum: Investing - Help with Personal Investments
Topic: Switching Funds to Vanguard
Replies: 15
Views: 1345

Re: Switching Funds to Vanguard

One thing to be aware of, Vanguard won't allow you to open accounts with an address outside of the US. So don't try to open any that way. If that's your situation, say so and people can suggest other options. Brian Appreciate this comment! I already knew that and will be signing up under my parents...
by maidius
Sat Mar 16, 2013 2:49 am
 
Forum: Investing - Help with Personal Investments
Topic: Switching Funds to Vanguard
Replies: 15
Views: 1345

Re: Switching Funds to Vanguard

If you like the AA in TR 2050 then it will be fine in both the Rollover and the Roth IRAs. Especially if you have a "small amount". Emergency funds: Almost all my money is in cash (in RMB, but I do have about $30,000 in case of emergency) What is "RMB"? Are you in China? Current...
by maidius
Sat Mar 16, 2013 12:00 am
 
Forum: Investing - Help with Personal Investments
Topic: Switching Funds to Vanguard
Replies: 15
Views: 1345

Switching Funds to Vanguard

I have accumulated a small amount of money in some retirement funds from putting some money in a Roth IRA and a previous employers 401k. I will be bringing both of these accounts to Vanguard to develop a retirement portfolio for myself which will work for me. Currently, I don't know much about the f...
by maidius
Fri Mar 15, 2013 7:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: Switching Funds to Vanguard
Replies: 15
Views: 1345

Re: Working Abroad and IRA

Your foreign earned income exclusion is all or nothing and so is your foreign housing exclusion, if any. But you must have earned income that is NOT excluded to make any IRA contribution. If you do have such income, you are probably in a low marginal bracket, so a Roth IRA would be the way to go. I...
by maidius
Fri Mar 15, 2013 7:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Working Abroad and IRA
Replies: 12
Views: 838

Re: Working Abroad and IRA

I'm working outside of the US and due to my salary I don't have to pay any tax inside the US (If you make under ~90,000, then your exempt). My question is this: I have a Traditional IRA and a Roth IRA. Because I don't pay taxes right now, would it be better to be placing my money in the Traditional...
by maidius
Fri Mar 15, 2013 7:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Working Abroad and IRA
Replies: 12
Views: 838

Working Abroad and IRA

Dear Bogleheads, This is my first post, but I'm currently in the process of switching some old investments from multiple accounts into Vanguard to better manage my money. I will ask later regarding my financing questions later. I currently have a tax question related to IRAs. I'm working outside of ...
by maidius
Thu Mar 14, 2013 10:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: Working Abroad and IRA
Replies: 12
Views: 838

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