Search found 235 matches

by KATNYC
Thu Oct 26, 2017 11:05 am
Forum: Personal Consumer Issues
Topic: Amazon Prime customers can now give Amazon access to their home
Replies: 53
Views: 4572

Re: Amazon Prime customers can now give Amazon access to their home

Just the beginning of the Amazon plot to spy on everyone in order to sell more stuff.
Alexa is every home, then physical access with Amazon Key to scout the home to see what else they can sell to you.
by KATNYC
Thu Aug 03, 2017 7:35 pm
Forum: Personal Finance (Not Investing)
Topic: Should you buy or rent a 140k apartment/house?
Replies: 12
Views: 1176

Re: Should you buy or rent a 140k apartment/house?

Property values in Texas don't seem to drastically increase & there are always new developments so I wouldn't do it.
A lot of students/parents here in NYC (college across the street) buy during college but it's cheaper than renting & then they sell at graduation.
by KATNYC
Mon Jul 31, 2017 5:21 pm
Forum: Investing - Theory, News & General
Topic: "Filling Your 401k with Company Stock"
Replies: 41
Views: 4766

Re: "Filling Your 401k with Company Stock"

Another colleague, higher level with stock options, mentioned having 80% of 401K in company stock.
Reducing it slightly due to a family member/broker suggesting it was too much. :shock:
by KATNYC
Mon Jul 31, 2017 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: Cheap "starter" home or stretch "forever" home?
Replies: 18
Views: 1621

Re: Cheap "starter" home or stretch "forever" home?

New poster here. DW late 20s, DH early 30s, 2 kids (4 and newborn). HHI = about $110,000. Each saving about 15% for retirement now, including 6% company contributions. Have been maxing out IRAs for 3 years. Our jobs are both pretty stable, incomes expected to grow steadily but not dramatically. We ...
by KATNYC
Sat Jul 01, 2017 11:18 am
Forum: Investing - Theory, News & General
Topic: "Filling Your 401k with Company Stock"
Replies: 41
Views: 4766

Re: "Filling Your 401k with Company Stock"

At a team meeting this week a colleague said he has 70% of his 401k in company stock. The stock has done well in the last few years, up 100% We were shocked. He thinks that being an employee will give him the inside track if things go south, so he'll have time to sell. Tell him to think again. Insi...
by KATNYC
Fri Jun 30, 2017 4:26 pm
Forum: Investing - Theory, News & General
Topic: "Filling Your 401k with Company Stock"
Replies: 41
Views: 4766

Re: "Filling Your 401k with Company Stock"

At a team meeting this week a colleague said he has 70% of his 401k in company stock. The stock has done well in the last few years, up 100%
We were shocked. He thinks that being an employee will give him the inside track if things go south, so he'll have time to sell.
by KATNYC
Mon Jun 19, 2017 3:07 pm
Forum: Investing - Help with Personal Investments
Topic: contribution of more than $18,000 to 401k - no refund?
Replies: 31
Views: 2335

Re: contribution of more than $18,000 to 401k - no refund?

Finally got a clear response from Aon-Hewitt. "Hello from Your Benefits Resources (TM). For example, you have $120.00 coming out of each paycheck and you have currently already contributed for the year $17,999.00. The next payroll deduction will only be $1.00 because anything above 1.00 would put yo...
by KATNYC
Sun Jun 18, 2017 9:40 pm
Forum: Investing - Help with Personal Investments
Topic: Why do we need an emergency fund?
Replies: 70
Views: 5296

Re: Why do we need an emergency fund?

To pay daily expenses in case you lose your income source. It can take 6 months or longer to find a new job. There have been many layoffs in the past few years by lots of companies. The unemployment rate seems to be going down but I suspect that is due to people who have given up looking for work ra...
by KATNYC
Sun Jun 18, 2017 9:30 pm
Forum: Investing - Help with Personal Investments
Topic: What Is The Right Amount For An Emergency Fund?
Replies: 27
Views: 3042

Re: What Is The Right Amount For An Emergency Fund?

It depends on if you have a stable career or stable business. If you can get a new job or income source right away, maybe you don't need an emergency fund but for people who know it will take more time to find a new source of income, 6 - 12 months is a good idea.
by KATNYC
Sat Jun 17, 2017 11:19 am
Forum: Investing - Help with Personal Investments
Topic: house or condo for a frequent traveling family?
Replies: 17
Views: 2113

Re: house or condo for a frequent traveling family?

Seattle has a high homeless population. I'd never leave a house unattended for 6 months at a time. It's almost impossible to remove squatters without paying them to leave. I've seen courts side with the squatters on a few occasions and admonish the homeowner for leaving the property unattended. I'd ...
by KATNYC
Sat Jun 17, 2017 11:10 am
Forum: Investing - Help with Personal Investments
Topic: contribution of more than $18,000 to 401k - no refund?
Replies: 31
Views: 2335

Re: contribution of more than $18,000 to 401k - no refund?

haven't read every single response in full, but if this is Aon-Hewitt, they definitely have non-English speakers running CSR chat from my experience. Their management fees for vanguard funds weren't terrible, but I rolled over my 401k from them ASAP as they were getting hundreds of dollars from me ...
by KATNYC
Fri Jun 16, 2017 10:39 am
Forum: Investing - Help with Personal Investments
Topic: contribution of more than $18,000 to 401k - no refund?
Replies: 31
Views: 2335

Re: contribution of more than $18,000 to 401k - no refund?

livesoft wrote:It is true that you did not get clarity. So keep asking until you do. You may have to ask a different way and multiple ways. This is quite normal and part of interacting with human beings including children.
I hope our 401K plan administrators are human, albeit I hope not children. :)
by KATNYC
Fri Jun 16, 2017 10:30 am
Forum: Investing - Help with Personal Investments
Topic: contribution of more than $18,000 to 401k - no refund?
Replies: 31
Views: 2335

Re: contribution of more than $18,000 to 401k - no refund?

There is a percentage contribution system for 401K contributions, not a dollar amount. Because of this system, it's not possible to contribute exactly $18,000 to the 401K for 2017. We inquired about what happens if too much is contributed and the response was: "What it means is that if your contrib...
by KATNYC
Fri Jun 16, 2017 10:08 am
Forum: Investing - Help with Personal Investments
Topic: contribution of more than $18,000 to 401k - no refund?
Replies: 31
Views: 2335

contribution of more than $18,000 to 401k - no refund?

There is a percentage contribution system for 401K contributions, not a dollar amount. Because of this system, it's not possible to contribute exactly $18,000 to the 401K for 2017. We inquired about what happens if too much is contributed and the response was: "What it means is that if your contribu...
by KATNYC
Thu Jun 15, 2017 8:35 pm
Forum: Personal Consumer Issues
Topic: Best Cheap Champagne
Replies: 60
Views: 5161

Re: Best Cheap Champagne

blueman457 wrote:
Leemiller wrote:Veuve clicquot.
+1

Specifically: Veuve clicquot - Yellow Label.
+1. We always buy Veuve clicquot yellow label for any event that requires bringing a bottle.
We ended up drinking our own bottle for NYE since others at the party preferred the hard liquor.
by KATNYC
Thu Jun 15, 2017 8:31 pm
Forum: Personal Consumer Issues
Topic: Password Managers
Replies: 61
Views: 4609

Re: Password Managers

We have used Roboform for a few years and like it.
It's the free version.
by KATNYC
Thu Jun 15, 2017 1:33 pm
Forum: Investing - Help with Personal Investments
Topic: Can we discuss Investment Order
Replies: 22
Views: 2972

Re: Can we discuss Investment Order

pulled from returns: 6.45% NY marginal tax rate; 9% NYC rate There is no 9% NYC tax rate . My tax form reads 8.90% effective tax rate for state & city. Form IT-201. Your post makes it sound like 9% is the NYC rate (not NYC+state combined). In any case, your effective rate (which isn't on any tax fo...
by KATNYC
Thu Jun 15, 2017 10:52 am
Forum: Personal Finance (Not Investing)
Topic: Do You Take Your Credit Card Receipts?
Replies: 85
Views: 7449

Re: Do You Take Your Credit Card Receipts?

This happened to us recently, a tip was added to the credit card receipt although an 18% tip was left in cash. We never went back but didn't complain since the group we were with asked us not to complain, it's their go to restaurant. This is one of the reasons why I use a credit card to pay for tip...
by KATNYC
Thu Jun 15, 2017 10:49 am
Forum: Investing - Help with Personal Investments
Topic: Taxable account holdings?
Replies: 13
Views: 1055

Re: Taxable account holdings?

Are bogleheads generally limiting taxable events in a taxable account to dividends and the gains/losses from a sale? Yes - the type of equity funds BHs hold in taxable accounts have relatively low turnover and low capital gains distributions. If they hold bond funds in taxable accounts, they are ge...
by KATNYC
Thu Jun 15, 2017 10:15 am
Forum: Personal Finance (Not Investing)
Topic: Do You Take Your Credit Card Receipts?
Replies: 85
Views: 7449

Re: Do You Take Your Credit Card Receipts?

I always take all CC receipts. Even if it's for just one dollar, I still take the receipt. I hold them all till the statement comes and then reconcile them. I then burn my receipts. Before instituting this policy I always had the vague feeling someone was ripping me off. Now I have peace of mind. I...
by KATNYC
Thu Jun 15, 2017 9:00 am
Forum: Investing - Help with Personal Investments
Topic: Taxable account holdings?
Replies: 13
Views: 1055

Re: Taxable account holdings?

In general it's prudent to minimize the loss of your money to taxes. However, this is not necessarily the same as limiting taxable events. In some cases it is prudent to generate taxable events intentionally. This is known as Tax Gain Harvesting It's also true that one's death is a taxable event wh...
by KATNYC
Thu Jun 15, 2017 8:55 am
Forum: Investing - Help with Personal Investments
Topic: Taxable account holdings?
Replies: 13
Views: 1055

Re: Taxable account holdings?

Are bogleheads generally limiting taxable events in a taxable account to dividends and the gains/losses from a sale? Yes - the type of equity funds BHs hold in taxable accounts have relatively low turnover and low capital gains distributions. If they hold bond funds in taxable accounts, they are ge...
by KATNYC
Thu Jun 15, 2017 8:53 am
Forum: Investing - Help with Personal Investments
Topic: Can we discuss Investment Order
Replies: 22
Views: 2972

Re: Can we discuss Investment Order

We're sort of skipping steps by maxing out the 401K ($18,000) before other options. Not sure that is the best option, but it's what we decided & we increased the contribution online. Given the very good expense ratios in your 401k, putting it before the IRA is very reasonable. An HSA allows you to ...
by KATNYC
Thu Jun 15, 2017 8:50 am
Forum: Investing - Help with Personal Investments
Topic: Can we discuss Investment Order
Replies: 22
Views: 2972

Re: Can we discuss Investment Order

TIAX wrote:
KATNYC wrote: pulled from returns: 6.45% NY marginal tax rate; 9% NYC rate
There is no 9% NYC tax rate.
My tax form reads 8.90% effective tax rate for state & city.
Form IT-201.
by KATNYC
Wed Jun 14, 2017 9:26 pm
Forum: Personal Consumer Issues
Topic: Am I too far into the rabbit hole? (email with Gmail)
Replies: 28
Views: 4600

Re: Am I too far into the rabbit hole? (email with Gmail)

I was freaked out a few weeks ago when I realized Google was reading my email and putting my flights on the calendar. I limit my gmail use now. I have email on my own domain and Verizon/aol email.
by KATNYC
Wed Jun 14, 2017 9:16 pm
Forum: Investing - Help with Personal Investments
Topic: Taxable account holdings?
Replies: 13
Views: 1055

Taxable account holdings?

Are bogleheads generally limiting taxable events in a taxable account to dividends and the gains/losses from a sale? This strategy seems to favor ETF's being held in taxable accounts since they don't have regular distribution of dividends like mutual funds.
by KATNYC
Wed Jun 14, 2017 7:35 pm
Forum: Personal Finance (Not Investing)
Topic: Do You Take Your Credit Card Receipts?
Replies: 85
Views: 7449

Re: Do You Take Your Credit Card Receipts?

Yes, always. I keep the receipt to reconcile and in case I need to make a return. If I decide to keep it after the charge clears, I toss the receipt.
by KATNYC
Tue Jun 13, 2017 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement or permanent limbo around 50?
Replies: 19
Views: 2673

Re: Retirement or permanent limbo around 50?

Yep, I've seen tons of jobs go to place like Eastern Europe, Guadalajara, and countries I've never heard of. And not just call center jobs, but management/analysis/coding, the whole gamut of skills. It seems the bulk of on-shore jobs are people here to act as the go-between for the off-shore staff ...
by KATNYC
Tue Jun 13, 2017 6:51 am
Forum: Personal Finance (Not Investing)
Topic: Overcharged for tax returns
Replies: 28
Views: 3302

Re: Overcharged for tax returns

We pay $500 per return, personal and business (went from LLC to partnership/K1). We've paid $1,000 each year for taxes for the last few years with the same accountant. I'm certain it doesn't take as long, anymore, since they are using software where we upload the receipts and enter the numbers. In y...
by KATNYC
Mon Jun 12, 2017 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement or permanent limbo around 50?
Replies: 19
Views: 2673

Re: Retirement or permanent limbo around 50?

I made the original quoted comment. Telecom let go hundreds of thousands of professional middle aged people with decades of service in the last 20 years or so. You can see the huge suburban office complexes that used to house them and the football-field size parking lots. A large proportion never w...
by KATNYC
Mon Jun 12, 2017 3:14 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement or permanent limbo around 50?
Replies: 19
Views: 2673

Re: Retirement or permanent limbo around 50?

I have a pretty stable job where people have been in position for 20 - 30 years; however, they have downsized a few times in the last 5 years.
by KATNYC
Mon Jun 12, 2017 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: Name Change After Getting Married
Replies: 17
Views: 2371

Re: Name Change After Getting Married

I recently got married and my wife changed her last name legally on the marriage certificate. We had our honeymoon the week after so there was no time to change it on our passports. She's been saying that there is no hurry to at all in the foreseeable future to actually change her name on any accou...
by KATNYC
Mon Jun 12, 2017 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement or permanent limbo around 50?
Replies: 19
Views: 2673

Retirement or permanent limbo around 50?

I saw this in another thread and it's a sobering thought. Is this reality if you don't have a government job? Retirement or permanent limbo around 50 is common among the large group of people I know directly or indirectly. I only know one person in a similar situation (former mortgage banker) who lo...
by KATNYC
Mon Jun 12, 2017 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: Spouse returning to work. How to keep low stress lifestyle?
Replies: 47
Views: 5601

Re: Spouse returning to work. How to keep low stress lifestyle?

He's going to have big trouble find a job at that age. That was my experience. And tons of my laid-off middle aged friends who have good education and graduate degrees in IT and other professional areas (I know some people in pharma and banking) are doing things like working in supermarkets and Sta...
by KATNYC
Mon Jun 12, 2017 2:38 pm
Forum: Personal Finance (Not Investing)
Topic: Spouse returning to work. How to keep low stress lifestyle?
Replies: 47
Views: 5601

Re: Spouse returning to work. How to keep low stress lifestyle?

The reaction at parties is odd but we know a few stay at home dads and the kids definitely still could use someone at home even after starting school: ballet practice, piano lessons, sports (traveling baseball is a killer), study dates/tutoring. I personally don't know how parents who both work outs...
by KATNYC
Mon Jun 12, 2017 8:31 am
Forum: Investing - Help with Personal Investments
Topic: Can we discuss Investment Order
Replies: 22
Views: 2972

Re: Can we discuss Investment Order

We're sort of skipping steps by maxing out the 401K ($18,000) before other options. Not sure that is the best option, but it's what we decided & we increased the contribution online. Given the very good expense ratios in your 401k, putting it before the IRA is very reasonable. An HSA allows you to ...
by KATNYC
Sun Jun 11, 2017 9:14 pm
Forum: Investing - Help with Personal Investments
Topic: Can we discuss Investment Order
Replies: 22
Views: 2972

Re: Can we discuss Investment Order

Sure - what would you like to discuss? Curious about thoughts from Bogleheads on investment order recommendations. The MMM one goes into more detail than Prioritizing investments - Bogleheads - whether that is good or bad may be in the eye of the beholder. I don't see any glaring differences betwee...
by KATNYC
Sun Jun 11, 2017 3:16 pm
Forum: Investing - Help with Personal Investments
Topic: Can we discuss Investment Order
Replies: 22
Views: 2972

Re: Can we discuss Investment Order

bayview wrote:KATNYC, would you consider editing your OP to put whichever part from MMM into a quote box?

I think it's everything from the MMM link onward, but I can't tell for sure.

Are you asking for a discussion about the MMM Investment Order recommendation?
Edited for clarity.
by KATNYC
Sun Jun 11, 2017 3:16 pm
Forum: Investing - Help with Personal Investments
Topic: Can we discuss Investment Order
Replies: 22
Views: 2972

Re: Can we discuss Investment Order

FiveK wrote:Sure - what would you like to discuss?
Curious about thoughts from Bogleheads on investment order recommendations.
by KATNYC
Sun Jun 11, 2017 2:27 pm
Forum: Investing - Help with Personal Investments
Topic: Can we discuss Investment Order
Replies: 22
Views: 2972

Re: Can we discuss Investment Order

We increased our 401K contribution to max out for 2018. We intended to contribute to an IRA (by April 2018) but it appears we should contribute to an HSA first. Neither employer offers an HSA but we found a few companies and banks that offer an HSA for individuals (some offer investment options whi...
by KATNYC
Sun Jun 11, 2017 11:59 am
Forum: Investing - Help with Personal Investments
Topic: Can we discuss Investment Order
Replies: 22
Views: 2972

Can we discuss Investment Order

What do bogleheads think of the investment order recommendations? We increased our 401K contribution to max out for 2018. We intended to contribute to an IRA (by April 2018) but it appears we should contribute to an HSA first. Neither employer offers an HSA but we found a few companies and banks tha...
by KATNYC
Sat Jun 10, 2017 3:58 pm
Forum: Investing - Help with Personal Investments
Topic: Pay off debts or Invest?
Replies: 44
Views: 3357

Re: Pay off debts or Invest?

https://www.studentloansguy.com/401k-invest-vs-student-loans/ 401(k) Allocations vs. Student Loan Repayment ... Seems consistent with Investment Order and Prioritizing investments . We have no HSA options through employers but did learn that we can fund our own HSA here: https://healthsavings.com/ ...
by KATNYC
Sat Jun 10, 2017 12:33 pm
Forum: Personal Consumer Issues
Topic: Cell phone battery calibration
Replies: 17
Views: 1527

Re: Cell phone battery calibration

I'm having a similar issue with my Galaxy S7. I asked the cell phone reps at the store who said my apps are draining the battery as well as charging it before it's below 15%. I was told to delete unused/rarely used apps, buy a wireless charger and as a last resort to a total reset of the phone (save...
by KATNYC
Sat Jun 10, 2017 12:27 pm
Forum: Investing - Help with Personal Investments
Topic: Investing cash reserve
Replies: 16
Views: 2091

Re: Investing cash reserve

Lake Michigan Credit Union pays 3% up to $15K per account holder.
We have 2 accounts.
by KATNYC
Sat Jun 10, 2017 12:17 pm
Forum: Investing - Help with Personal Investments
Topic: Pay off debts or Invest?
Replies: 44
Views: 3357

Re: Pay off debts or Invest?

https://www.studentloansguy.com/401k-invest-vs-student-loans/ 401(k) Allocations vs. Student Loan Repayment When you accept a job offer, one of the key benefits you may receive is an employer contribution to a 401(k) plan. See the Topic: Understanding How a 401(k) Plan Works. Companies typically mat...
by KATNYC
Fri Jun 09, 2017 12:37 pm
Forum: Investing - Help with Personal Investments
Topic: Pay off debts or Invest?
Replies: 44
Views: 3357

Re: Pay off debts or Invest?

After 4 years the net worth would be tied up in the house. It wouldn't be blank. Maybe you're missing a line to account for that in your example. They would have about 15k in the house on the investing side versus 180k on the $0 mortgage side. So 180k versus 24k. Assuming the 6% return over 4 years...
by KATNYC
Fri Jun 09, 2017 12:37 pm
Forum: Investing - Help with Personal Investments
Topic: Pay off debts or Invest?
Replies: 44
Views: 3357

Re: Pay off debts or Invest?

I don't follow the example. The net worth (home value solely) is $700K based on the appraisal. It will only increase over the years. We wouldn't invest $180,000. We'd invest the prepayment amount ($3,200 per month plus $50,000 cash) while still paying down on the mortgage. I viewed the example as o...
by KATNYC
Fri Jun 09, 2017 8:52 am
Forum: Investing - Help with Personal Investments
Topic: Pay off debts or Invest?
Replies: 44
Views: 3357

Re: Pay off debts or Invest?

Why 30 years of benefits for the loan payoff, but only 4 years of investment returns? To avoid "apples vs. oranges" the same length of time should be used for both scenarios. It's the same amount of time, 4 years. Payoff would be 4 years, until 2021. Instead of taking 30 years to pay, we'd pay in 4...
by KATNYC
Thu Jun 08, 2017 8:40 pm
Forum: Investing - Help with Personal Investments
Topic: Pay off debts or Invest?
Replies: 44
Views: 3357

Re: Pay off debts or Invest?

Just curious: how much would you earn if you received the median historical return on investments over the same time it will take to pay off the loans? If we do not pay off all the loans in 4 years (saving $80K in interest over 30 years) we could invest and make about $30K in 4 years at 6%. Why 30 ...
by KATNYC
Thu Jun 08, 2017 7:49 pm
Forum: Investing - Help with Personal Investments
Topic: Pay off debts or Invest?
Replies: 44
Views: 3357

Re: Pay off debts or Invest?

Not sure why you'd prioritize...investing in brokerage accounts prior to doing that. Some people prefer the guaranteed ROI of a loan payoff. Some people prefer the better returns likely (but not guaranteed) from stock investment. Both are defensible, depending on what assumptions one makes. By my c...