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help interpreting TSP monthly annuity

this is actually through my wife's TSP (I dont have one, but I do the finances in the household). under her benefits statement (on the EPP website) it says: Assuming you continue TSP contributions at the same rate, and earnings on your account average 7% per year, your estimated TSP account balance ...
by schmitz
Sat Aug 30, 2014 9:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: help interpreting TSP monthly annuity
Replies: 2
Views: 308

Re: What are you up YTD?

How do you guys calculate your ytd return percentage?
by schmitz
Tue Aug 26, 2014 6:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: What are you up YTD?
Replies: 94
Views: 6313

Re: California residents - do you have earthquake insurance?

Thanks

Is 10-15% deductible standard? Seems different than other types of insurance where it's a set amount.

Also is that percentage based on current market value? If so how do they determine it? They can't use zillow, can they?
by schmitz
Tue Aug 26, 2014 5:36 pm
 
Forum: Personal Consumer Issues
Topic: California residents - do you have earthquake insurance?
Replies: 49
Views: 2557

California residents - do you have earthquake insurance?

The recent quakes in napa got me thinking I should get some. We live in Orange County.

If so how much does it cost you per year compared to your home value?
by schmitz
Tue Aug 26, 2014 3:27 pm
 
Forum: Personal Consumer Issues
Topic: California residents - do you have earthquake insurance?
Replies: 49
Views: 2557

Re: Received bank statements for a business using our addres

Thanks for the replies

I have no idea how to contact her. Never seen the name before and google provided nothing (I assumed her business would have a website but it doesn't).

Should I call the bank?
by schmitz
Mon Aug 25, 2014 4:28 pm
 
Forum: Personal Consumer Issues
Topic: Received bank statements for a business using our address
Replies: 7
Views: 551

Received bank statements for a business using our address

Not sure how to proceed here.

The other day we received 5 pieces of mail all from Bank of America and all for some lady's small business. Probably some sort of statements.

Any idea how this could happen? Is it a scam? What should be my plan of action?
by schmitz
Mon Aug 25, 2014 4:00 pm
 
Forum: Personal Consumer Issues
Topic: Received bank statements for a business using our address
Replies: 7
Views: 551

Re: POLL: My home is worth less/more in 2014 than in 2007?

I don't think Zestimates are as bad as everyone says. Accurate, no, but for knowing when the peak was or when the low was, they aren't going to be off by three years. Since the question is a relative one rather than an absolute one, even if Zillow is constantly 30% too high, a 50% drop will still b...
by schmitz
Tue Aug 12, 2014 12:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: My home is worth less/more in 2014 than in 2007?
Replies: 94
Views: 5732

Re: How many Accounts do you log into and how do you manage?

another password question for those who use capitalone/ING: I notice i can only sign in using a PIN. is this secure enough? i feel like a hacker can figure out a number much quicker than a password with letters, numbers and symbols in it.
by schmitz
Thu Aug 07, 2014 8:31 pm
 
Forum: Personal Consumer Issues
Topic: How many Accounts do you log into and how do you manage?
Replies: 52
Views: 2553

Re: How many Accounts do you log into and how do you manage?

for password security: if I change my current passwords and only change say, one or two characters out of 20 - is the new password still super safe or is it easier for a hacker to figure it out? like if my old password was aBcd1234efgH!5678 and its changed to abCd1234eFgh!5679 does it help keep it s...
by schmitz
Thu Aug 07, 2014 8:27 pm
 
Forum: Personal Consumer Issues
Topic: How many Accounts do you log into and how do you manage?
Replies: 52
Views: 2553

Re: How many Accounts do you log into and how do you manage?

I've never used 1password, keepass,etc

How do those help against hackers (eg the Russian hack that just occurred)? If a hacker gets the password to 1password don't they now have all my passes to all my accounts?
by schmitz
Thu Aug 07, 2014 12:53 am
 
Forum: Personal Consumer Issues
Topic: How many Accounts do you log into and how do you manage?
Replies: 52
Views: 2553

Re: "Russan Gang Amasses Over A Billion Stolen Passwords"

I guess it's time to change all my passwords again
by schmitz
Tue Aug 05, 2014 6:41 pm
 
Forum: Personal Consumer Issues
Topic: "Russan Gang Amasses Over A Billion Stolen Passwords"
Replies: 87
Views: 7483

Re: confused by Suze Orman - Investments category?

Another thing that confuses me on her show is she will go through someone's finances like this (usually during the one-on-one portion of the show) Using rounded numbers as an example: Income: $7000 Expenses: $4000 Savings: $2000 Net: $1000 You spend some of your money and save some of your money - y...
by schmitz
Tue Aug 05, 2014 11:03 am
 
Forum: Investing - Theory, News & General
Topic: confused by Suze Orman - Investments category?
Replies: 7
Views: 1253

Re: is it normal to have more in your taxable accounts

wow - thanks for all the replies. I realize now that normal was the wrong choice of words. I didnt mean is it typical but rather can I still be on the right track in my investing? Was hoping I wasnt making some sort of investing mistake. I do not have a 401k available so I do max out my ROTH and SEP...
by schmitz
Thu Jun 19, 2014 2:47 pm
 
Forum: Investing - Theory, News & General
Topic: is it normal to have more in your taxable accounts
Replies: 25
Views: 1717

is it normal to have more in your taxable accounts

Hope this is the right forum to post this question in. And I hope "normal" is the right way to put this, but I have significantly more in my taxable account at vanguard than I do my ROTH IRA and SEP IRA accounts (2/3 taxable vs 1/3 ROTH/SEP combined). I just want to make sure I am investin...
by schmitz
Thu Jun 19, 2014 1:40 pm
 
Forum: Investing - Theory, News & General
Topic: is it normal to have more in your taxable accounts
Replies: 25
Views: 1717

Re: Tipping for a haircut at Great Clips

Geez. I'm tipping too much I guess...15 bucks haircut. 10 dollar tip.
by schmitz
Tue Mar 11, 2014 2:24 pm
 
Forum: Personal Consumer Issues
Topic: Tipping for a haircut at Great Clips
Replies: 56
Views: 4338

Re: short sale/tax forms

I found that California is a Anti-Deficiency / Non-Recourse State - maybe thats why I didnt get anything? I knew that California has an anti-deficiency law. What I didn't know from your OP was that you lived in CA. What I still don't know is if this was your primary residence or an apartment buildi...
by schmitz
Wed Feb 19, 2014 1:57 am
 
Forum: Personal Finance (Not Investing)
Topic: short sale/tax forms
Replies: 8
Views: 342

Re: short sale/tax forms

I did not get a 1099-C. Just the 1099-S. how would I know if they cancelled the debt? If it were I, I would know because I would have a paper from the lender saying they cancelled the debt. I don't know if I would do a short sale unless I knew in advance (and had it in writing) that the lender woul...
by schmitz
Wed Feb 19, 2014 1:46 am
 
Forum: Personal Finance (Not Investing)
Topic: short sale/tax forms
Replies: 8
Views: 342

Re: short sale/tax forms

I did not get a 1099-C. Just the 1099-S.

how would I know if they cancelled the debt?
by schmitz
Wed Feb 19, 2014 1:28 am
 
Forum: Personal Finance (Not Investing)
Topic: short sale/tax forms
Replies: 8
Views: 342

short sale/tax forms

I went through a short sale in 2013 and received a 1099-S form in the mail. no problem there. it just tells me what it sold for. However, I wanted to know if I was going to be responsible for the balance (it sold for about 40-45k less than the mortgage balance) so I called the same escrow company th...
by schmitz
Wed Feb 19, 2014 1:11 am
 
Forum: Personal Finance (Not Investing)
Topic: short sale/tax forms
Replies: 8
Views: 342

Re: best tips for passwords?

thanks for all the help everyone! To be as safe as possible, go with random character passwords that are hard to remember and hard to type - as long as the site allows with as many different character types as you can (Upper case, lower case letters; numbers; symbols). Some sites restrict length or ...
by schmitz
Sun Feb 16, 2014 1:36 am
 
Forum: Personal Consumer Issues
Topic: best tips for passwords?
Replies: 141
Views: 10656

best tips for passwords?

anyone have any good tips for creating safe passwords? what is most important? 1) length? 2) using non-letter characters? 3) changing them often? 4) does every website need a different password? my guess is all of the above. however, is there a way to create passwords that dont need to be changed mo...
by schmitz
Sun Feb 16, 2014 1:09 am
 
Forum: Personal Consumer Issues
Topic: best tips for passwords?
Replies: 141
Views: 10656

Re: Getting rid of wife's Target Date fund - questions

How did you estimate your house value so specifically?
by schmitz
Fri Feb 14, 2014 6:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: Getting rid of wife's Target Date fund - questions
Replies: 22
Views: 2186

Re: question about TSP contribution limits

excellent - thanks for all the replies.

one last quick question - is there any advantage to upping my wifes contributions to get the full 17500 (rather than 17498) besides the $2?
by schmitz
Thu Jan 09, 2014 1:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: question about TSP contribution limits
Replies: 10
Views: 649

question about TSP contribution limits

I hope I didnt just make a mistake here... I recently upped my wife's TSP contribution to max it out for the upcoming year. According to an email they sent out: If you want to maximize your regular contributions, you will need to change your biweekly contribution to $673... which makes sense because...
by schmitz
Thu Jan 09, 2014 3:56 am
 
Forum: Investing - Help with Personal Investments
Topic: question about TSP contribution limits
Replies: 10
Views: 649

Re: can we do a ROTH TSP if we already contribute to a ROTH

thank you for all the replies. as far as MAGI, im not exactly sure where my wife and I will land (since im self employed). I would think we are kind of close to the level. so what would happen if I converted her TSP to a ROTH TSP and that pushes us over the threshold level for the ROTH IRA? would we...
by schmitz
Thu Dec 26, 2013 5:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: can we do a ROTH TSP if we already contribute to a ROTH IRA?
Replies: 9
Views: 677

can we do a ROTH TSP if we already contribute to a ROTH IRA?

my wife and I have been maxing out our ROTH IRAs for a few years now and I just noticed on her TSP that there is a button for "start ROTH TSP contribution" - is she eligible for that if she already has a ROTH IRA?
by schmitz
Tue Dec 24, 2013 5:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: can we do a ROTH TSP if we already contribute to a ROTH IRA?
Replies: 9
Views: 677

Re: portfolio advice - am I on the right track?

I think you should take a step back and read The Bogleheads Guide to Investing before you do anything else. If you have time you should also read every single page on the wiki. http://www.amazon.com/Bogleheads-Guide-Investing-Taylor-Larimore/dp/0470067365 thanks. will do. If i have any questions fr...
by schmitz
Sat Nov 09, 2013 10:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: portfolio advice - am I on the right track?
Replies: 20
Views: 1836

Re: portfolio advice - am I on the right track?

OP here. thanks for all the help a few more questions: 1) still having trouble figuring out what my AA is suppose to be? is there a formula? I see its based a lot on how much time you have and what your risk tolerance is but I cannot figure out what my ratio should be. I am around 90/10 so far (sinc...
by schmitz
Sat Nov 09, 2013 9:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: portfolio advice - am I on the right track?
Replies: 20
Views: 1836

Re: portfolio advice - am I on the right track?

wow - thanks again for all the help. i am trying to learn a lot but am realizing i am so far behind. i can barely translate any of this (how does the average american invest themselves? either i am over thinking this or it seem so complicated), but slowly getting better. I have a lot of questions bu...
by schmitz
Tue Nov 05, 2013 4:46 am
 
Forum: Investing - Help with Personal Investments
Topic: portfolio advice - am I on the right track?
Replies: 20
Views: 1836

Re: portfolio advice - am I on the right track?

just a follow up question on the above posts:

Her Roth
4.88% Vanguard Total Bond Market Index Fund


for example, how I get 4.88% of our portfolio into her ROTH when we can only add 5k per year?
by schmitz
Mon Nov 04, 2013 2:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: portfolio advice - am I on the right track?
Replies: 20
Views: 1836

Re: portfolio advice - am I on the right track?

If you are self employed, you should be able to open a solo 401k. You can dump a ton of money (up to around 50k with enough salary) into it. I have one through fidelity and the consensus seems to be they are better than vanguard for solo 401k. It was easy to open. You can live on any cash you have ...
by schmitz
Mon Nov 04, 2013 2:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: portfolio advice - am I on the right track?
Replies: 20
Views: 1836

Re: portfolio advice - am I on the right track?

b. target funds are marketing shams. Often overpriced. Often not balanced to the individual's needs. Often have a percentage of "What's that? Do I really need that?" To echo some of the other responders, the first of these four statements does not apply to all target date funds. Yes, some...
by schmitz
Mon Nov 04, 2013 2:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: portfolio advice - am I on the right track?
Replies: 20
Views: 1836

Re: portfolio advice - am I on the right track?

Rob54keep wrote:You may want to consider I-Bonds as an after-tax but yet tax-deferred instrument. Max is $10k/person/year. You can check it out at Treasury Direct.com.


thanks. but the website says the rate is only 1.38%. doesnt that seem kind of low for an investment return?
by schmitz
Mon Nov 04, 2013 1:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: portfolio advice - am I on the right track?
Replies: 20
Views: 1836

Re: portfolio advice - am I on the right track?

OP here - thanks for all the replies from everyone. i appreciate it! I would unequivocally disagree with the idea that a target date fund is a "sham." There are criticisms that can be levied at this type of fund, but there are some really solid choices too. The Vanguard Target Date funds a...
by schmitz
Mon Nov 04, 2013 1:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: portfolio advice - am I on the right track?
Replies: 20
Views: 1836

Re: portfolio advice - am I on the right track?

questions: a) should I be putting more money into those investment accounts quicker? b) basically everything is going into the same 2040 target funds (vanguard/TSP)...is this smart? c) I see people make 20-25% returns recently and while ive been doing well (around 18%) d) are we on the right track?...
by schmitz
Sat Nov 02, 2013 2:20 am
 
Forum: Investing - Help with Personal Investments
Topic: portfolio advice - am I on the right track?
Replies: 20
Views: 1836

portfolio advice - am I on the right track?

hello, ive posted here before and got some great advice. hope for some more. ill post as much as I can think of and if I'm missing anything let me know and ill add in relevant info. ages : me 36, wife 34 salary : combined about 150-170k (im self employed, hence the range) current assets : my SEP IRA...
by schmitz
Fri Nov 01, 2013 11:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: portfolio advice - am I on the right track?
Replies: 20
Views: 1836

Re: quick question about funding a roth at the deadline

Twins Fan wrote:Leason learned.... Don't wait until the last minute next time. :D


agreed. the reason i waited was mainly because i needed to hear back from my CPA if we were ROTH eligible this year. so i really need to start my taxes sooner next time :oops:
by schmitz
Tue Apr 16, 2013 1:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: quick question about funding a roth at the deadline
Replies: 7
Views: 406

Re: quick question about funding a roth at the deadline

You're good. Vanguard will not refund your money as contributions can be made as late as the last tax extension and they have no idea if you filed yet. I think technically you are supposed to fund by the due date or extension date. If you haven't filed, just file after it clears. If you did file, I...
by schmitz
Tue Apr 16, 2013 1:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: quick question about funding a roth at the deadline
Replies: 7
Views: 406

quick question about funding a roth at the deadline

i placed an order for $5000 to fund my 2012 ROTH on friday, april 12 at vanguard.com

however the order wasnt finalized until today (one day after the deadline). am I still ok? if its too late will vanguard simply reverse the order and refund my money?
by schmitz
Tue Apr 16, 2013 11:59 am
 
Forum: Investing - Help with Personal Investments
Topic: quick question about funding a roth at the deadline
Replies: 7
Views: 406

Re: should we refinance?

thanks again for all the help. i have a slight update - he is now offering a 15 year at 2.875% . can someone help me with the math here? so right now im at 30 year/3.875% - my current payment (including insurance and prop taxes escrowed in) is about $2160 . (total interest paid in 30 years = $221,00...
by schmitz
Fri Apr 05, 2013 1:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: should we refinance?
Replies: 15
Views: 1589

Re: should we refinance?

thanks for all the help and suggestions!
by schmitz
Wed Apr 03, 2013 12:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: should we refinance?
Replies: 15
Views: 1589

should we refinance?

hope this is the correct sub forum... anyways, here is the info: we currently have a ~320,000 mortgage at 3.875% . (we actually refinanced a first time back in october, 2012) we are told we can get 30 year/3.625% when we are eligible to refinance again (no fee refinance, only pay for an appraisal wh...
by schmitz
Fri Mar 29, 2013 9:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: should we refinance?
Replies: 15
Views: 1589

buying a home safe for valuables

this is sort of a finance question since I want to put cash and valuables in there :D any recommendations? i dont need it to be too big - its only for cash, passports, important docs, etc... (maybe 1 cubic foot?) Its for fire and water damage and also to prevent theft. im trying to my research onlin...
by schmitz
Thu Jan 03, 2013 9:16 pm
 
Forum: Personal Consumer Issues
Topic: buying a home safe for valuables
Replies: 17
Views: 1779

question about loaning money/tax implications

ok I don't have all the info, so please bare with me. ill try my best to describe the situation to the best of my knowledge. my dad is trying to get a loan for a house, but being retired he doesn't have much documented income recently. he found a bank that will give him a no-doc loan at a slightly h...
by schmitz
Wed Sep 12, 2012 3:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: question about loaning money/tax implications
Replies: 8
Views: 371

Re: do I have any options with my underwater condo?

I am not an attorney, but my situation is similar to OP's, and I've consulted attorneys and done lots of my own research. A few points: CA is a non-recourse state as long as the home is your principal residence (among other requirements). OP does not meet this requirement, so if he walks he can leg...
by schmitz
Thu Aug 16, 2012 8:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: do I have any options with my underwater condo?
Replies: 23
Views: 1983

Re: do I have any options with my underwater condo?

It [condo fees] is extremely unfair to you, to condo owners in general, and to the California economy. That fee money could be put to much better use for, say, savings or spending at local businesses and communities. I hope you find a workable solution to your property liability. You will recover f...
by schmitz
Thu Aug 09, 2012 7:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: do I have any options with my underwater condo?
Replies: 23
Views: 1983

Re: do I have any options with my underwater condo?

thanks - a real estate attorney would be best i assume? Yes. Worth their weight in gold. Could save you many years of grief, and a lot of money, to ensure the transaction documents absolve you of any liability. You want to avoid something like this: http://www.usatoday.com/money/economy/housing/201...
by schmitz
Thu Aug 09, 2012 7:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: do I have any options with my underwater condo?
Replies: 23
Views: 1983

Re: do I have any options with my underwater condo?

whoa...barely can understand that but if im reading it correctly, because I did refi from my original loan, the state of CA can come after me for any difference if I walk away? Read the word "but" again. Then read "No deficiency shall be owed or collected" again. Busting Myths s...
by schmitz
Thu Aug 09, 2012 7:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: do I have any options with my underwater condo?
Replies: 23
Views: 1983

Re: do I have any options with my underwater condo?

CA is a non-recourse loan unless you refi so if you short sale they cannot come after you for the deficiency. after a year it got re-fied to a 5/1 interest only ARM But: 580e. (a) (1) No deficiency shall be owed or collected, and no deficiency judgment shall be requested or rendered for any deficie...
by schmitz
Thu Aug 09, 2012 6:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: do I have any options with my underwater condo?
Replies: 23
Views: 1983

Re: do I have any options with my underwater condo?

California is non-recourse. But you need to check if the refi put you on the hook personally for the mortgage note. Same thing for people who stupidly took HAMP modifications or other similar programs that put them on the hook personally, instead of taking advantage of the fact they reside in a non...
by schmitz
Thu Aug 09, 2012 6:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: do I have any options with my underwater condo?
Replies: 23
Views: 1983
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