Search found 395 matches

by AQ
Fri Apr 29, 2016 9:10 pm
Forum: Personal Finance (Not Investing)
Topic: 401K Total contribution limit
Replies: 7
Views: 823

Re: 401K Total contribution limit

KlangFool, many thanks for clarifications! Now I could feel very comfortable to get the max contribution/match now :D
by AQ
Fri Apr 29, 2016 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: 401K Total contribution limit
Replies: 7
Views: 823

Re: 401K Total contribution limit

Thanks a lot! You guys are such knowledgeable and awesome :beer I searched and couldn't find anything useful. If I understand it correctly, I just need to be concerned with my 24K limit and employers will take care of their limits. I like this answer :D KlangFool, so I suppose there is a typo in you...
by AQ
Fri Apr 29, 2016 12:50 am
Forum: Personal Finance (Not Investing)
Topic: 401K Total contribution limit
Replies: 7
Views: 823

401K Total contribution limit

Background: I changed my job this year so I made contributions to two 401K. My age made me eligible for catch-up retirement contributions. My previous employer made a contribution of 10K to my 401K (as "profit sharing"?) early this year before I left, and my new employer would typically ma...
by AQ
Sat Mar 12, 2016 3:06 pm
Forum: Personal Finance (Not Investing)
Topic: Contingency plan due to a major illness.
Replies: 5
Views: 858

Contingency plan due to a major illness.

My medical issues got worse rapidly so I'm afraid I need to prepare myself and family for the worst. 1) What is the easiest way to transfer my assets to DW? I always let her know the credentials to log on my accounts but from the forum it seems not a good approach. If I update all my taxable account...
by AQ
Sat Jan 30, 2016 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: FSA related to a new job
Replies: 1
Views: 196

FSA related to a new job

I'm out of job now, but secured a new job starting in March, and will sign up with FSA. My question is: can I use my new employer's FSA to cover medical expenses between Jan 1 2016 and the start day of my new job?
by AQ
Tue Dec 22, 2015 3:14 pm
Forum: Personal Finance (Not Investing)
Topic: Tax strategy for medical ins premium and expenses?
Replies: 2
Views: 372

Tax strategy for medical ins premium and expenses?

In 2016, I won't have a regular job but still have taxable income from deferred payment of previous employer, and consulting jobs. So I'll use Cobra and possibly ACA for my health insurance. Is there anyway to get some tax savings? I used to pay premium with pre-tax dollar, and set up a FSA account....
by AQ
Sat Dec 19, 2015 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: 1099 consulting job
Replies: 7
Views: 621

Re: 1099 consulting job

Thanks a lot for your responses so far. A couple of follow-up questions: 1) Do I need to form a kind of business structures before I can start a consulting job? Or I simply enter a contract with a firm, and start to work on it? 2) 15.3% Self-Employment (SE) tax on net business profits: The SE tax wo...
by AQ
Sat Dec 19, 2015 2:42 am
Forum: Personal Finance (Not Investing)
Topic: 1099 consulting job
Replies: 7
Views: 621

1099 consulting job

I'm deciding between a regular job offer and a consulting one, but I never worked on a 1099 previously. What types of things do I need to consider when comparing a consulting arrangement with a regular one? A few specific questions below, but please share any wisdom/experiences or links. Many thanks...
by AQ
Sat Nov 21, 2015 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: 401K contribution: regular vs. catch-up
Replies: 16
Views: 1465

Re: 401K contribution: regular vs. catch-up

Thanks for the responses so far. I was thinking and hoping that the answer is that IRA doesn't care, as long as the total contribution is below 24K? I left the company so it makes it harder for me to go back to talk to payroll people :(
by AQ
Sat Nov 21, 2015 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: 401K contribution: regular vs. catch-up
Replies: 16
Views: 1465

401K contribution: regular vs. catch-up

My company 401K has a contributing breakdown between regular and catch-up.. Now I looked at the salary stub, my catch-up contribution is above 6K, though the total is under 24K.

Does IRA care about this breakdown? If so, what should I do now to remedy higher than the 6K limit for catch-up? Thanks
by AQ
Fri Nov 06, 2015 5:03 pm
Forum: Personal Finance (Not Investing)
Topic: Potential liabilities adding adult child on family auto insurance
Replies: 6
Views: 759

Re: Potential liabilities adding adult child on family auto insurance

FWIW, my careless kids are also on my insurance. My oldest drives a car I own in another state with probably an expired registration and an illegal driver's license. Surprised to hear this from our wise livesoft :) Don't you worry about your oldest bringing a huge liability back to you with that ty...
by AQ
Thu Nov 05, 2015 6:22 pm
Forum: Personal Finance (Not Investing)
Topic: Potential liabilities adding adult child on family auto insurance
Replies: 6
Views: 759

Potential liabilities adding adult child on family auto insurance

My daughter is in her 20s and has a full-time job. She doesn't own a car. We live in the same city, so we keep her name on our family auto insurance policy. From time to time, she borrows a car from us, and drives around with her friends. My questions are: 1) Should she run into a big accident beyon...
by AQ
Wed Sep 30, 2015 11:07 am
Forum: Personal Finance (Not Investing)
Topic: Laid off today.. please advise
Replies: 35
Views: 5247

Re: Laid off today.. please advise

Many thanks for your valuable advice, and in particular your empathy and encouragement. I bet I'll survive, and all is going to be perfectly fine but your words have made my transition quite a bit easier.. Thanks!
by AQ
Tue Sep 29, 2015 8:19 pm
Forum: Personal Finance (Not Investing)
Topic: Laid off today.. please advise
Replies: 35
Views: 5247

Laid off today.. please advise

Let go today, and just got home. A lot to digest in coming days so figure I need a 'to do' list. Please chime in. You can search my recent post for some background info. I know this was coming but didn't know it would be today, and would be 'workforce reduction' 1) HR explained everyone affected got...
by AQ
Sat Sep 26, 2015 10:00 am
Forum: Personal Finance (Not Investing)
Topic: Document retention: what are bare minimums?
Replies: 9
Views: 1117

Document retention: what are bare minimums?

Trying to simplifying financial matters. I realize many on the forum keep decades of tax forms, etc., but unfortunately I'm not type of people of organized.. So I'd like to come up with a bare minimum list. Please help and ignore some less likely scenarios: 1) Tax returns: just need to keep 7 years....
by AQ
Tue Sep 15, 2015 10:05 pm
Forum: Investing - Help with Personal Investments
Topic: Keeping Track Of Roth IRA Contributions Vs Conversions
Replies: 6
Views: 627

Re: Keeping Track Of Roth IRA Contributions Vs Conversions

Is the only reason to keep track for the possibility OP may withdraw before retirement?

Otherwise, one can withdraw tax-free from Roth IRA without any need of documentation if one reaches the retirement age. Is that correct?
by AQ
Thu Aug 27, 2015 9:09 am
Forum: Personal Finance (Not Investing)
Topic: Seeking advice in a hostile office now
Replies: 43
Views: 9405

Re: Seeking advice in a hostile office now

Thanks a lot...

To be frank, it's been incredibly stressful than I thought it would be. Couldn't get good sleep, and then headache, etc.. Try to keep my cool for now but need to get my act together to consider and carry on your advices..
by AQ
Tue Aug 11, 2015 8:24 am
Forum: Personal Finance (Not Investing)
Topic: Seeking advice in a hostile office now
Replies: 43
Views: 9405

Re: Seeking advice in a hostile office now

OP here. Didn't have the chances to go through your comments yet but will do it tonight. Many thanks! One more question here: does it make any sense to vigorously defend myself, of course using cold facts, etc, at least potentially resulting in a better deal offered by the company, or it is not wort...
by AQ
Mon Aug 10, 2015 11:48 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking advice in a hostile office now
Replies: 43
Views: 9405

Re: Seeking advice in a hostile office now

Many thanks for your suggestions so far. Some follow-up questions: 1) document it: what types of things should I document? In what forms? Guess I couldn't use the company's computer for these things, right? 2) Be careful signing things: this is actually one of my initial questions. If I'm offered a ...
by AQ
Mon Aug 10, 2015 8:20 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking advice in a hostile office now
Replies: 43
Views: 9405

Seeking advice in a hostile office now

I'm with the current employer for many years, and have been the best performer in the division in terms of sales revenues. Two years ago the company hired a person who is my partner working in many joint projects but with different roles. From the beginning we didn't get along and I eventually found...
by AQ
Sun Jul 19, 2015 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: Add spouse name to accounts
Replies: 3
Views: 738

Add spouse name to accounts

As a part of efforts to simplify finances, I'd like to add the name of my spouse to all accounts including Vanguard, fidelity, etc, as well as all bank accounts. Hope the forum could help with the following questions: 1) A joint account would allow a very easy transfer should one die? In other words...
by AQ
Wed Jun 24, 2015 9:30 am
Forum: Personal Consumer Issues
Topic: Mess on hardwood floor installation
Replies: 8
Views: 1556

Mess on hardwood floor installation

We have some asthma issues and so finally decided to do a hardwood floor with significant money involved. It's a two-story house, first floor on concrete. We did some research and purchased engineering wood for first floor, and solid wood for second floor. Yesterday the contractor came to tear out t...
by AQ
Sat Jun 13, 2015 4:04 pm
Forum: Personal Consumer Issues
Topic: How to securely dispose old computer?
Replies: 43
Views: 4670

Re: How to securely dispose old computer?

How about placing hard disks on garages, and drive over it?
by AQ
Sat May 23, 2015 3:10 pm
Forum: Personal Consumer Issues
Topic: Quality medicines
Replies: 8
Views: 1045

Quality medicines

This is not a question about best prices, but best quality whatever prices are. Among chain pharmacy, such as Walgreens, Wal Mart, CSV, Costco, Target, etc., is there a quality difference? Maybe it's a brand name medicine, they are supposed to be of identical quality; but if it's a generic, Walgreen...
by AQ
Sat May 09, 2015 12:23 am
Forum: Personal Finance (Not Investing)
Topic: still another question about buying a house
Replies: 2
Views: 401

still another question about buying a house

Signing paper works now for purchasing a house. But realized that the title is jointly held by a couple. The wife is in a different state and authorizes the husband to sell with an attorney of power letter. My agent and the title company assure me this is legal and nothing to worry about. I'd like t...
by AQ
Sat May 02, 2015 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: Questions about buying house process
Replies: 16
Views: 1819

Re: Questions about buying house process

Thanks a lot for all of your words.. It did help. I'll talk to my agent to see if we can have a walk through right before the closing. Is that a common practice? So not an unreasonable request to sellers? If a sale falls apart, that is an acceptable risk to me. I fear I need to get into a nasty lega...
by AQ
Fri May 01, 2015 9:21 pm
Forum: Personal Finance (Not Investing)
Topic: Questions about buying house process
Replies: 16
Views: 1819

Questions about buying house process

I entered a contract to buy a house just today. Hope someone helps my anxiety a bit :? The seller initially wanted to rent back but we insisted we don't do it, worrying if the seller doesn't leave the house on time. The seller finally gave up and agreed to not rent back. Now today I asked the title ...
by AQ
Mon Apr 27, 2015 11:57 pm
Forum: Personal Finance (Not Investing)
Topic: lost a bid for questionable practice of seller's agent
Replies: 28
Views: 3955

Re: lost a bid for questionable practice of seller's agent

What are your indications that your bid was better, or is it just a guess? I hate realtors as much as the next guy but if your guessing I don't see the basis for filing a complaint until you know for sure. I may entertain the suggestion of filing a complaint NOT because I lost a bid to a (probably)...
by AQ
Mon Apr 27, 2015 10:10 pm
Forum: Personal Finance (Not Investing)
Topic: lost a bid for questionable practice of seller's agent
Replies: 28
Views: 3955

lost a bid for questionable practice of seller's agent

I made a bid for a house but didn't get it. But it appears some improper play here by seller's agent. Long story below: When I went for open house, the seller's agent (let's call her Nancy) told us she won't take bids until a second open house in another week. A few days later I called my agent to t...
by AQ
Sun Apr 26, 2015 9:32 pm
Forum: Personal Finance (Not Investing)
Topic: Gift tax related
Replies: 5
Views: 993

Gift tax related

I understood that there are a $14000 annual limit on gift tax without the hassle of filing a tax form, etc.. My question (maybe just academic) is: there are a lot of things one could do for others without writing a check: take someone out for a fancy vacation, add her names on your phone plans/car i...
by AQ
Fri Mar 06, 2015 11:38 pm
Forum: Personal Consumer Issues
Topic: stress management tips?
Replies: 19
Views: 2224

stress management tips?

I guess I get a lot of stresses; nothing acute, but probably some long term of accumulations from work and concerns about personal health..

Any practical tips to share?
by AQ
Sun Feb 22, 2015 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: Joint account for estate plan
Replies: 1
Views: 280

Joint account for estate plan

A question about joint brokerage or mutual fund accounts (like Vanguard, Fidelity, etc.), and bank accounts for estate plans: If it's a joint account for husband and wife, should one die first, does the other automatically take the ownership of the entire account without any legal process like proba...
by AQ
Mon Feb 09, 2015 11:44 pm
Forum: Investing - Theory, News & General
Topic: Primecap: The Best Stock Pickers You've Never Seen
Replies: 32
Views: 3532

Re: Primecap

I hold this fund. Like the performance, but hate the distribution though. In particular this tax season
by AQ
Mon Feb 09, 2015 11:16 pm
Forum: Investing - Help with Personal Investments
Topic: First portfolio plan
Replies: 3
Views: 493

Re: First portfolio plan

Are you aware Fidelity says you can retire with only 8x your income in savings ? You seem to be doing quite well with 40x annual expenses! How many years of income does that translate too? You have more bond funds than I ever will. But your overall portfolio looks simpler than most, assuming each t...
by AQ
Sun Feb 08, 2015 3:52 pm
Forum: Investing - Help with Personal Investments
Topic: First portfolio plan
Replies: 3
Views: 493

First portfolio plan

50 year old; the top fed / state (13%) rate (actually higher than that due to phaseout of deductible); portfolio size about 40 times of annual expenses; still working but increasingly want to call it quits. Much of it on taxable side. Plan: 50:50; but plan to follow 'age in bond' Stock: 40% total st...
by AQ
Thu Jan 01, 2015 2:09 pm
Forum: Investing - Help with Personal Investments
Topic: Total International Stock
Replies: 17
Views: 3094

Total International Stock

Happy new year! The first order of business of the new year is to fund my IRA, and then rebalance. Found Total International Stock underperformed in 2014. A few questions about this fund: 1) Is this fund still one of the good choices to get exposures to International? The wiki page seems out of date...
by AQ
Thu Jan 01, 2015 1:10 pm
Forum: Investing - Theory, News & General
Topic: 2015 BOGLEHEAD CONTEST REGISTRATION
Replies: 557
Views: 27539

Re: 2015 BOGLEHEAD CONTEST REGISTRATION

2109.87
by AQ
Sat Dec 20, 2014 4:38 pm
Forum: Personal Finance (Not Investing)
Topic: Young adult finance
Replies: 2
Views: 702

Young adult finance

We have kept joint bank accounts, credit cards, etc. with our children. Now DD has income herself now. I wonder if we should stop this practice and let the young adult have everything under her own name? This question is for tax planning, liabilities, legal, etc. only. For example, joint accounts wo...
by AQ
Sun Dec 14, 2014 2:35 pm
Forum: Personal Consumer Issues
Topic: What is a move-up car after mid-size sedan?
Replies: 63
Views: 5103

Re: What is a move-up car after mid-size sedan?

. Like I said earlier, what features do you want for an extra $10k? Actually I don't know but look for more and better features. Don't know since I've been cheap and never drive many nice cars to know :) But after this discussion, I know what we're looking for are features, not brands (to impress p...
by AQ
Sun Dec 14, 2014 3:22 am
Forum: Personal Consumer Issues
Topic: What is a move-up car after mid-size sedan?
Replies: 63
Views: 5103

Re: What is a move-up car after mid-size sedan?

Thanks for all your comments. This is actually a question from a broader topic and let me explain it here anyway. Welcome your thoughts too. We have been frugal and saving just like a typical one on this forum.. We're lucky that now we're in a position to save probably more than enough even with ver...
by AQ
Sat Dec 13, 2014 5:50 pm
Forum: Personal Consumer Issues
Topic: What is a move-up car after mid-size sedan?
Replies: 63
Views: 5103

What is a move-up car after mid-size sedan?

Up until now, we have driven mid-size sedans like Camry, Taurus, Sonata, etc.. We have been doing well, and DW would like to splurge a bit on our next new car (we usually change a car after 10 years). Any specific suggestions? We never spent more than 30K on a new car, so I would imagine a 40K budge...
by AQ
Tue Sep 23, 2014 10:50 pm
Forum: Personal Finance (Not Investing)
Topic: Personal finance book for young adults?
Replies: 7
Views: 724

Personal finance book for young adults?

A college kid graduated and started working this year. Any recommendation on a personal finance book, not only about investment but also about 401K, credit card, and etc.? Thanks.
by AQ
Sat May 24, 2014 12:39 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity vs. Vanguard
Replies: 75
Views: 10438

Re: Fidelity vs. Vanguard

Fidelity is probably the oft-cited competitor to Vanguard. Just curious which one could be the number 3 firm on this forum after these 2?
by AQ
Tue Apr 01, 2014 10:10 pm
Forum: Investing - Help with Personal Investments
Topic: dividend check
Replies: 8
Views: 1463

Re: dividend check

This started looking absurd... After three full months, this seemingly simple glitch is still not fixed.. It's not a big deal to me but I would expect a major institution could do better. The flagship representative has been polite but not helpful, and still says no ETA.
by AQ
Mon Mar 03, 2014 9:45 pm
Forum: Personal Finance (Not Investing)
Topic: Tax strategy: college tuituion credit
Replies: 13
Views: 979

Re: Tax strategy: college tuituion credit

Thanks to all for the discussion. To recap: 1) in 2013, I (parent) paid the tuition for Sara(the kid in college under 24). 2) Sara made 10K in 2013. 3) If I don't claim Sara on my tax form as dependent (I could since I paid more than half of her expenses: does expense include tuition?), then Sara ca...
by AQ
Sun Mar 02, 2014 11:47 pm
Forum: Personal Finance (Not Investing)
Topic: Tax strategy: college tuituion credit
Replies: 13
Views: 979

Tax strategy: college tuituion credit

Seek advice about how to best position for the following scenario: Our household income is high enough that we are not eligible to take any credit like Hope for college tuition payments.. In the meantime, through TT, it seems whether claiming kids as dependent or not won't make any difference for ou...
by AQ
Fri Feb 28, 2014 11:45 pm
Forum: Personal Finance (Not Investing)
Topic: 401K: why unvested?
Replies: 2
Views: 666

401K: why unvested?

I ran into a kind of strange issue: my wife had a 401K from her former company. After she left the company (more than 7 years ago), we found that part of her 401K balance is still unvested. We were never able to figure out why. It has only a few hundreds dollars so we kind of let it go.. Now I ran i...
by AQ
Mon Feb 24, 2014 9:55 am
Forum: Personal Finance (Not Investing)
Topic: 401K rollover: any reasons not to?
Replies: 3
Views: 379

401K rollover: any reasons not to?

I have any 401K account with a previous employer. Recently I read an article saying if a company is gone, then it may take long time to sort out its liabilities through courts, including 401K. I guess I should get my acts and roll it over to an IRA. Any good reasons not to? just want to do a simple ...
by AQ
Sat Feb 15, 2014 12:41 pm
Forum: Personal Consumer Issues
Topic: Postage paid envelopes
Replies: 49
Views: 3999

Re: Postage paid envelops

Interesting discussions so far. Happy Holidays! I used online banking a lot including online bill pay, etc.. The only place I still rely on this snail mail is with Vanguard, where I do NOT want to link my Vanguard account with a checking account.. It's one thing to have a small error with a online b...

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