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Difference between leasing a car and renting a home

My research on renting versus buying a home suggests that the decision to go with either is a wash from a financial perspective. So, the decision on whether to rent or to buy a home is mostly likely to be a personal one - whether one would like to put down roots in a place, or retain the flexibility...
by spocksynder
Mon Jul 28, 2014 1:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Difference between leasing a car and renting a home
Replies: 3
Views: 405

What are the consequences of Fed's tapering?

I have searched around but I am yet to find any information about what are the consequences of the Fed tapering it's bond buying program. I am not trying to start a speculation about the future with this post, instead I would like to know: 1. Why are bonds affected by the news of Fed's tapering prog...
by spocksynder
Wed Nov 27, 2013 2:25 pm
 
Forum: Investing - Theory, News & General
Topic: What are the consequences of Fed's tapering?
Replies: 12
Views: 955

Re: Investing in Bonds

I have an IRA worth about 1.2 million with Schwab. Slightly off-topic, but I wonder how is possible to accumulate such a sum in an IRA if the annual contribution limits are just $5500 at present, and must have been lower in the previous years? I rolled over a 403b (like a 401k but usually for educa...
by spocksynder
Fri Nov 08, 2013 11:26 am
 
Forum: Investing - Help with Personal Investments
Topic: Investing in Bonds
Replies: 39
Views: 2085

Re: Investing in Bonds

Spocksnyder, at our firm, we had employee contribution, employer match, and profit-sharing, all pouring into a 401K. Some years, it seemed like one-third of my total compensation package was going into the 401K. It was a bit hard to understand, but I was assured it was all above-board. After growin...
by spocksynder
Thu Nov 07, 2013 10:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investing in Bonds
Replies: 39
Views: 2085

Re: Investing in Bonds

Don46 wrote:I have an IRA worth about 1.2 million with Schwab.


Slightly off-topic, but I wonder how is possible to accumulate such a sum in an IRA if the annual contribution limits are just $5500 at present, and must have been lower in the previous years?
by spocksynder
Thu Nov 07, 2013 10:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investing in Bonds
Replies: 39
Views: 2085

Re: Moving to Baltimore, advice on finding a place to rent?

I live in Catonsville - just outside the Beltway, and its almost Howard County. Low crime, nice people all around, downtown Ellicott City is close by, and Inner Harbour is a 15 min drive away. Almost all places in Howard County(Columbia, Elkridge, Ellicott City especially) are great places to live, ...
by spocksynder
Thu Apr 11, 2013 2:05 pm
 
Forum: Personal Consumer Issues
Topic: Moving to Baltimore, advice on finding a place to rent?
Replies: 18
Views: 1484

DC Chapter Bogleheads meeting?

Hello DC Bogleheads,
Is there a meeting for DC area Bogleheads on March 17? Could someone provide me information on meeting location and time? I found an older thread about the meetings, but I am not sure if the information in it is current.
by spocksynder
Wed Mar 13, 2013 4:42 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: DC Chapter Bogleheads meeting?
Replies: 2
Views: 971

Re: Where were you financially in your late twenties?

VictoriaF wrote:Off-off topic: In another thread you mentioned Goa. I'd like to hear more about it, if you have a few minutes after the meeting.
Victoria


Sure, I'd be delighted to.
by spocksynder
Thu Feb 21, 2013 9:51 am
 
Forum: Personal Finance (Not Investing)
Topic: Where were you financially in your late twenties?
Replies: 191
Views: 12170

Re: Where were you financially in your late twenties?

Just turned 31. It took a while to save up enough money to complete grad school without any loans. So, my entire twenties were spent garnering skill sets. At present, my net worth is somewhere in mid five figures, but growing up in a tight financial family situation had distilled frugal lifestyle lo...
by spocksynder
Wed Feb 20, 2013 11:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Where were you financially in your late twenties?
Replies: 191
Views: 12170

Re: Utility of Money Market Funds

dbr, SSSS, tfb, FrugalInvestor and nisiprius,
Thank you for the replies. They helped clarify the use of Money Market funds for me.
by spocksynder
Sun Feb 17, 2013 4:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: Utility of Money Market Funds
Replies: 10
Views: 806

Utility of Money Market Funds

Hello, What is the utility of Money Market Funds? They seem to maintain a stable value of $1 for every $1 invested, and could also potentially lose the value. But even the lowliest of checking accounts seem to offer somewhat better yield than than, and they also are backed by FDIC. Why then do peopl...
by spocksynder
Sun Feb 17, 2013 1:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Utility of Money Market Funds
Replies: 10
Views: 806

Re: Help - Recharacterize excess contribution to traditional

What you should really avoid here is a corrective distribution of the non deductible portion as the earnings will increase your MAGI and further reduce your deduction in a vicious circle. For that reason full or partial recharacterization is best, and a partial recharacterization is the same amount...
by spocksynder
Sun Feb 10, 2013 11:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help - Recharacterize excess contribution to traditional IRA
Replies: 6
Views: 542

Re: Help - Recharacterize excess contribution to traditional

kaneohe wrote:Contact the broker or financial institution and have them recharacterize the whole contribution.

Thank you for the reply.

There's been a little gain in the time since the contribution to the traditional IRA - will that be a problem?
by spocksynder
Sun Feb 10, 2013 9:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help - Recharacterize excess contribution to traditional IRA
Replies: 6
Views: 542

Help - Recharacterize excess contribution to traditional IRA

Hello, This is the first year I started making contributions to a traditional IRA. On Jan. 15, 2013, I made a $5000 contribution to traditional IRA, assuming that my MAGI would be under the income limits. But when I completed my taxes in TaxAct, I realized that I was only eligible to make $2850 in c...
by spocksynder
Sun Feb 10, 2013 8:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help - Recharacterize excess contribution to traditional IRA
Replies: 6
Views: 542

Re: What's the ratio of retired/not retired on this forum?

31 here, and just started to scratch the surface with my retirement planning. Long march till I hit my numbers.
by spocksynder
Tue Feb 05, 2013 9:15 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: What's the ratio of retired/not retired on this forum?
Replies: 41
Views: 3262

Re: 401(k)'s higher contribution limits - what's the catch?

Is there a downside to 401(k)s that makes it palatable that the contribution limits for small business employees are lower than those who are offered the 401(k) plans? No, some people are luckier than others. Even within the class of those with 401(k), some have expensive plans with actively-manage...
by spocksynder
Tue Jan 22, 2013 2:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401(k)'s higher contribution limits - what's the catch?
Replies: 3
Views: 890

401(k)'s higher contribution limits - what's the catch?

401(k) allows upto $17500/year to be tax deferred. But for people whose employers do not offer a 401(k), and instead some other form of retirement plan(which the employee cannot contribute to), they really miss out on the higher contribution limits. Is there a downside to 401(k)s that makes it palat...
by spocksynder
Mon Jan 21, 2013 4:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401(k)'s higher contribution limits - what's the catch?
Replies: 3
Views: 890

Re: Advice needed to reduce tax - PS, but no 401(k) at work

Have you considered tax-exempt muni bonds (VWITX) or I-bonds? Good ideas for helping with investment income. I think the issue with the OP is reducing tax cost on salary income from a job. The big deal with a 401K is to not pay taxes now on the principal diverted into the 401K. However, one would h...
by spocksynder
Thu Jan 17, 2013 11:44 am
 
Forum: Investing - Help with Personal Investments
Topic: Advice needed to reduce tax - PS, but no 401(k) at work
Replies: 12
Views: 511

Re: Advice needed to reduce tax - PS, but no 401(k) at work

I am assuming you are single, don't own a home, have high income, and may be returning to a foreign country someday??. There is not a lot you can do, but maybe something. You can save money in a tax efficient way using low-cost index mutual funds ( available at Vanguard and Fidelity, eg.), municipa...
by spocksynder
Thu Jan 17, 2013 11:02 am
 
Forum: Investing - Help with Personal Investments
Topic: Advice needed to reduce tax - PS, but no 401(k) at work
Replies: 12
Views: 511

Re: Advice needed to reduce tax - PS, but no 401(k) at work

I am trying to reduce the amount of tax I pay. My employer offers only a profit sharing plan, and I am not allowed to contribute to the plan. I already max out my IRA limits(and my spouse included). 401(k) limits seem to be much more higher than what goes into my profit sharing plan currently. Is t...
by spocksynder
Thu Jan 17, 2013 10:13 am
 
Forum: Investing - Help with Personal Investments
Topic: Advice needed to reduce tax - PS, but no 401(k) at work
Replies: 12
Views: 511

Advice needed to reduce tax - PS, but no 401(k) at work

I am trying to reduce the amount of tax I pay. My employer offers only a profit sharing plan, and I am not allowed to contribute to the plan. I already max out my IRA limits(and my spouse included). 401(k) limits seem to be much more higher than what goes into my profit sharing plan currently. Is th...
by spocksynder
Thu Jan 17, 2013 8:04 am
 
Forum: Investing - Help with Personal Investments
Topic: Advice needed to reduce tax - PS, but no 401(k) at work
Replies: 12
Views: 511

Re: Early retirement overseas?

Consider India. Goa is a small ex-Portuguese colony on the western coast of India. Its very beautiful, and has a sizeable expat population. The place does have a reputation for hippies, but its overblown in my opinion. I think a decent American pension would buy a very good lifestyle there.
by spocksynder
Sun Dec 30, 2012 10:04 pm
 
Forum: Personal Consumer Issues
Topic: Early retirement overseas?
Replies: 116
Views: 9216

Re: First time poster - newbie question about bond funds

Thank you for the answers. Its very obvious to me that I need to do more research.

Also, I missed out on reading the newbie guide on the format of questions to post to the forum. I will do better next time.
by spocksynder
Fri Dec 28, 2012 3:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: First time poster - newbie question about bond funds
Replies: 4
Views: 406

First time poster - newbie question about bond funds

Hello, I just turned 31. I intend to max out my retirement contribution this year. This is also the first year that I am contributing towards my retirement savings. I am not sure about how to split up the max allowable IRA contributions($11k, married filing jointly) between Roth IRA, and traditional...
by spocksynder
Fri Dec 28, 2012 8:43 am
 
Forum: Investing - Help with Personal Investments
Topic: First time poster - newbie question about bond funds
Replies: 4
Views: 406

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