Search found 58 matches

by Suman
Thu Jul 13, 2017 10:02 am
Forum: Investing - Help with Personal Investments
Topic: Working in New York City and living in NJ: Taxes
Replies: 26
Views: 1956

Re: Working in New York City and living in NJ

You will not pay New York city tax. You will pay New York state tax for the income generated in NYS.
by Suman
Fri Jun 30, 2017 6:51 pm
Forum: Investing - Theory, News & General
Topic: How smart is the market?
Replies: 12
Views: 713

Re: How smart is the market?

Smarter than me for sure. Therefore, I like to keep market as my friend and not try to outsmart it by investing only in passive index funds.
by Suman
Sun Jun 04, 2017 9:03 am
Forum: Investing - Theory, News & General
Topic: Everything keeps going up, this feels too easy?
Replies: 113
Views: 9037

Re: Everything keeps going up, this feels too easy?

All, and I mean all, of my friends and co-workers are either scared of any stock market investing or always trying to pick the next best stock. I am not so sure that passive index investors make any significant portion of the markets. Also, my advice to them about bogglehead approach has resulted in...
by Suman
Sat May 20, 2017 2:58 pm
Forum: Personal Finance (Not Investing)
Topic: Nothing else to do investment wise!
Replies: 23
Views: 3560

Re: Nothing else to do investment wise!

Yes. Need more information on this.
by Suman
Thu May 18, 2017 11:47 pm
Forum: Personal Finance (Not Investing)
Topic: Nothing else to do investment wise!
Replies: 23
Views: 3560

Re: Nothing else to do investment wise!

Thanks everyone for their response. My job keeps me busy. Its just that I found personal finance and investment so exciting that now I feel bored. I guess have to stop thinking about portfolio and focus on day to day life.
by Suman
Wed May 17, 2017 9:03 pm
Forum: Personal Finance (Not Investing)
Topic: Nothing else to do investment wise!
Replies: 23
Views: 3560

Nothing else to do investment wise!

Now that we are finally invested in bogglehead style with a three fund portfolio and everything on auto investing, I feel like I need to do something about my portfolio. I understand that tinkering with a set allocation and IPS is dangerous so I always retreat. What else you do in a situation like t...
by Suman
Sat May 13, 2017 9:14 pm
Forum: Personal Consumer Issues
Topic: Good 4 inch android phone
Replies: 7
Views: 720

Re: Good 4 inch android phone

I am currently using 5.5 inch screen. I would prefer a smaller size to fit in and use by one hand. Employer will reimburse the cost so that's not an issue. Always used android and won't be easy to switch to iphone. LTE, expandable storage, unlocked will be plus. Camera is not a prime concern.
by Suman
Sat May 13, 2017 3:15 pm
Forum: Personal Consumer Issues
Topic: Good 4 inch android phone
Replies: 7
Views: 720

Good 4 inch android phone

Hello everyone,
Is there a good android 4 inch smartphone that you would recommend?
Thanks.
by Suman
Tue May 02, 2017 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: GEICO umbrella policy
Replies: 6
Views: 1246

Re: GEICO umbrella policy

Thank you everyone. It appears that I really don't need UM/UIM additional coverage with umbrella.
by Suman
Tue May 02, 2017 11:47 am
Forum: Personal Finance (Not Investing)
Topic: GEICO umbrella policy
Replies: 6
Views: 1246

Re: GEICO umbrella policy

Who pays for passengers in my car if it gets hit by UM/UIM?
by Suman
Mon May 01, 2017 7:54 pm
Forum: Personal Finance (Not Investing)
Topic: GEICO umbrella policy
Replies: 6
Views: 1246

GEICO umbrella policy

I have my auto policy with GEICO with maximum liability/ UM/UIM coverage. Now I am intrested in getting a $3 mil. umbrella policy with GEICO. Quote is $577 a year. However, they don't offer uninsured or underinsured driver coverage within umbrella. Is it a common practice? Where else I can go for an...
by Suman
Sun Apr 23, 2017 7:14 pm
Forum: Personal Finance (Not Investing)
Topic: New employment- Help with 401K fund selection
Replies: 5
Views: 568

Re: New employment- Help with 401K fund selection

Great. I selected S&P 500 index fund for now. Thanks for your replies.
by Suman
Sat Apr 22, 2017 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: New employment- Help with 401K fund selection
Replies: 5
Views: 568

Re: New employment- Help with 401K fund selection

Just edited the post.

Thanks.
by Suman
Fri Apr 21, 2017 6:31 pm
Forum: Personal Finance (Not Investing)
Topic: New employment- Help with 401K fund selection
Replies: 5
Views: 568

New employment- Help with 401K fund selection

Hi, I will appreciate all suggestions. I recently switched to a new employment and now have to select 401K options. Principal is the 401K managing company. These are the best available funds in the plan: Age 35 Marginal tax rate 33% NJ State tax rate 6.5% I have 80:20 allocation. All bond allocation...
by Suman
Sun Apr 09, 2017 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: Helping parents/grandparents while raising kids
Replies: 47
Views: 4315

Re: Helping parents/grandparents while raising kids

Same here. From my very first paycheck until now, I send some amount to my parents and in-laws. As they get older, our support increases and at a certain point, we will be fully responsible for them.
by Suman
Fri Mar 31, 2017 11:16 am
Forum: Personal Finance (Not Investing)
Topic: Unemployed for 2-3 days- potential benefits
Replies: 24
Views: 2218

Re: Unemployed for 2-3 days- potential benefits

We had a discussion about options for 403 and 457 in a previous thread. For now, I am keeping them with my soon to be past employer as their plans were really good. And thanks everyone about reminding me about cobra policy. Just enquired from the employer. It is available for 18 months and can be do...
by Suman
Thu Mar 30, 2017 5:14 pm
Forum: Personal Finance (Not Investing)
Topic: Unemployed for 2-3 days- potential benefits
Replies: 24
Views: 2218

Re: Unemployed for 2-3 days- potential benefits

Thanks for your replies. It is a planned move. There will be a gap of 2-3 days between the last day at current job and joining the next one.
Was just wondering if there any benefits to time any financial transactions during this gap?
by Suman
Wed Mar 29, 2017 9:36 pm
Forum: Personal Finance (Not Investing)
Topic: Unemployed for 2-3 days- potential benefits
Replies: 24
Views: 2218

Unemployed for 2-3 days- potential benefits

Hi,

I will be switching to a new employment soon and will probably be officially unemployed for 2-3 days during the switch period. Can I utilize this for any tax or financial planning related benefits?

Thank you.
by Suman
Mon Mar 27, 2017 12:21 pm
Forum: Investing - Theory, News & General
Topic: Why are international and US stocks down today?
Replies: 53
Views: 3888

Re: Why are international and US stocks down today?

One can do three things in the stock market: 1. Try to understand it's fundamentals and behave accordingly. Sadly, there are none and even if there are some, average Joe like us are not privy to that. 2. Get superfast trading platform and stay on top of it 24Ă—7 and benefit from the fluctuations. 3. ...
by Suman
Sun Mar 19, 2017 6:23 pm
Forum: Personal Finance (Not Investing)
Topic: Personal finance planning
Replies: 13
Views: 1326

Re: Personal finance planning

Everything I am doing is based on my learnings on this amazing forum. I did come here via whitecoatinvestor. Already fended off one sales pitch for whole life policy. Have never met a financial advisor. My only regret- did not start financial planning until age 34.
by Suman
Sun Mar 19, 2017 6:07 pm
Forum: Personal Finance (Not Investing)
Topic: Personal finance planning
Replies: 13
Views: 1326

Re: Personal finance planning

Yes. 75K minus extra mortgage+property tax expenses will be added to retirement savings once we purchase the house. Any additional income will also go towards retirement. Is there anything else we can do to save more? Are our current expenses too high? There are no additional debts or major expenses...
by Suman
Sun Mar 19, 2017 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: Personal finance planning
Replies: 13
Views: 1326

Re: Personal finance planning

Thanks for your replies. Is it $150k in today's dollars or tomorrow's? Not sure. I think during retirement. I used bankrate retirement calculator with inflation of 3%. First off, I'd move to GA...Then, I'd be sure to have 20% down. Family, friends, career wise- have to be in NY/NJ area. Retirement c...
by Suman
Sun Mar 19, 2017 11:02 am
Forum: Personal Finance (Not Investing)
Topic: Personal finance planning
Replies: 13
Views: 1326

Personal finance planning

Hi, Will appreciate everyone's advice about our financial plan: 35M/31F No kids- planning to have kids soon Annual income: $300K- might go up to $400K in a year or two, physician, have calculated all based on 300K base with no future increase in income Marginal tax rate: 33% federal, 6.5% state (exp...
by Suman
Sat Mar 04, 2017 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: Vacation, major non essential expenses
Replies: 13
Views: 1731

Re: Vacation, major non essential expenses

Thanks for your replies. Except house, we don't have anything planned for above 10k. If that 10k drops to 6k, vacation plan will change accordingly. May be Bahamas instead of Greece.
by Suman
Wed Mar 01, 2017 7:15 pm
Forum: Personal Finance (Not Investing)
Topic: Vacation, major non essential expenses
Replies: 13
Views: 1731

Re: Vacation, major non essential expenses

Bligh. That is what I wanted to do all along. I think now I have an answer.
by Suman
Wed Mar 01, 2017 6:27 pm
Forum: Personal Finance (Not Investing)
Topic: Vacation, major non essential expenses
Replies: 13
Views: 1731

Re: Vacation, major non essential expenses

I do like the idea of capital one 360. On a side note- as these are non-essential expenses, why not to invest in 100% high growth index fund? There is a higher risk and if it tanks, so be it- can always cancel the vacation plan.
by Suman
Wed Mar 01, 2017 8:27 am
Forum: Personal Finance (Not Investing)
Topic: Vacation, major non essential expenses
Replies: 13
Views: 1731

Re: Vacation, major non essential expenses

If you have funds left over, you might consider retirement investment in taxable accounts


Yes. That is what we are doing. Anything left over after essential expenses goes to taxable brokerage account.
by Suman
Tue Feb 28, 2017 10:19 pm
Forum: Personal Finance (Not Investing)
Topic: Vacation, major non essential expenses
Replies: 13
Views: 1731

Vacation, major non essential expenses

I am confused about this. After our household expenses, and savings for major expenses such as house, we invest rest using 3 fund portfolio towards retirement planning. We do max out all retirement accounts such as 403, 457 and backdoor roth. Where should we keep funds for future non-essential expen...
by Suman
Tue Feb 28, 2017 5:03 pm
Forum: Investing - Theory, News & General
Topic: Compounding under the microscope.
Replies: 89
Views: 7539

Re: Compounding under the microscope.

Why a term like compounding should generate so much awe? Isn't this a basic middle school math concept? If adults are having difficulty understanding it, it just shows the state of education in the country.
by Suman
Fri Feb 17, 2017 10:52 am
Forum: Personal Finance (Not Investing)
Topic: How to sell a funeral plot located in Hawaii on the slopes of Diamond Head (great views)?
Replies: 31
Views: 2349

Re: How to sell a funeral plot located in Hawaii on the slopes of Diamond Head (great views)?

Good to know. I am afraid, I won't be able to advise much. As a practicing Hindu, I will be a renter of the funeral plot, not a permanent resident.
by Suman
Fri Feb 17, 2017 10:40 am
Forum: Personal Finance (Not Investing)
Topic: How to sell a funeral plot located in Hawaii on the slopes of Diamond Head (great views)?
Replies: 31
Views: 2349

Re: How to sell a funeral plot located in Hawaii on the slopes of Diamond Head (great views)?

How do you define exclusive neighborhood in this case? I am really curious to know.
BTW, agent with zero interest and no motivation also sound very fitting here.
by Suman
Sat Feb 04, 2017 4:26 pm
Forum: Personal Consumer Issues
Topic: Microsoft requires cell number
Replies: 36
Views: 2964

Re: Microsoft requires cell number

Tried to sign up for Google Voice, but it apparently doesn't like my land line as a forwarding destination.


Not very sure if this will work- did you try to transfer your land line number to google voice or try to get a separate google voice number?
by Suman
Sat Feb 04, 2017 2:49 pm
Forum: Personal Consumer Issues
Topic: Microsoft requires cell number
Replies: 36
Views: 2964

Re: Microsoft requires cell number

I just bought movie tickets on fandango. They need a cell phone number to send the tickets link. Google voice number worked just fine.
by Suman
Sat Feb 04, 2017 2:33 pm
Forum: Personal Consumer Issues
Topic: Microsoft requires cell number
Replies: 36
Views: 2964

Re: Microsoft requires cell number

Unfortunately, often times this does not work. I've tried to legitimately use my google voice phone number as a text receiving number but a lot of companies do not accept it (MS included I believe for when I was installing Win 10, but I could be mistaken). Could be true, however I have not experien...
by Suman
Sat Feb 04, 2017 2:17 pm
Forum: Personal Consumer Issues
Topic: Microsoft requires cell number
Replies: 36
Views: 2964

Re: Microsoft requires cell number

Not only for microsoft, for everything else outside your personal life, you can use google voice. Text to your google voice number will be forwarded to your gmail. Voice mail will be transcribed and sent to gmail. Calls can be directed to your land line or any other phone number you want, even to yo...
by Suman
Thu Feb 02, 2017 2:21 pm
Forum: Investing - Help with Personal Investments
Topic: How to Start 3-Fund Portfolio with Less than $3000
Replies: 22
Views: 2345

Re: How to Start 3-Fund Portfolio with Less than $3000

Congrats on a good start! It appears that you will be investing $500 every month now onwards. Is it $500 x 3 or $500 in total? For a steady automatic investment, an index fund such as target retirement fund will be good. Later on, you can start converting them to underlying index funds such as total...
by Suman
Tue Jan 31, 2017 6:49 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth conversion form 8606
Replies: 13
Views: 1610

Re: Backdoor Roth conversion form 8606

Yes. Removed those 32 cents from calculation. Hopefully that doesn't become an issue later.
by Suman
Tue Jan 31, 2017 12:19 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth conversion form 8606
Replies: 13
Views: 1610

Re: Backdoor Roth conversion form 8606

At some point that rabbit hole will probably convince you to follow Alan's advice and round those 32 cents to zero. I rounded everything. What do you all recommend to keep this process smooth from now on? For the foreseeable future, I see myself doing $5500 Roth conversion every year for myself and...
by Suman
Sun Jan 29, 2017 9:19 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth conversion form 8606
Replies: 13
Views: 1610

Re: Backdoor Roth conversion form 8606

All the amounts less than .50 round down to 0. I don't know why you would have withdrawn .32 from your Roth IRA, but it rounds down to 0 so I would not even report that distribution. This will work. Who is the custodian of your IRAs? Vanguard. Did you receive a check for 32 cents? Do you have any r...
by Suman
Sun Jan 29, 2017 7:10 pm
Forum: Personal Consumer Issues
Topic: Is there a way to scan a really long photo?
Replies: 24
Views: 1979

Re: Is there a way to scan a really long photo?

Use google photoscan app. Good results.
by Suman
Sun Jan 29, 2017 3:17 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth conversion form 8606
Replies: 13
Views: 1610

Backdoor Roth conversion form 8606

I know this has been discussed many times but I am still not sure about my situation: For the first time, at age 34, I opened a non-deductible tIRA in 2016 with $5500 contribution. I do not have any other IRA. I did 100% conversion to Roth. By the time it went through, total tIRA amount was $5500.05...
by Suman
Wed Jan 25, 2017 8:15 pm
Forum: Investing - Theory, News & General
Topic: Dow hits 20,000. What next? Share your strategy
Replies: 107
Views: 9792

Re: Dow hits 20,000. What next? Share your strategy

If you decide to do that you might apply the ETF distributions to the mutual funds. Thank for this advice. I'm not sure I understand why, given that you own the ETFs, you feel the funds are enough better that you consider making the change. To protect my investment from myself. I have noticed that ...
by Suman
Wed Jan 25, 2017 6:09 pm
Forum: Investing - Theory, News & General
Topic: Dow hits 20,000. What next? Share your strategy
Replies: 107
Views: 9792

Re: Dow hits 20,000. What next? Share your strategy

Vanguard's conversion mechanism goes only one direction: from mutual funds to ETF shares. Moving the other way requires a sale, followed by settlement, followed by a purchase. Inside a tax-advantaged account it might not be too bad. That is the problem. These are in taxable account. I might just lea...
by Suman
Wed Jan 25, 2017 5:44 pm
Forum: Investing - Theory, News & General
Topic: Dow hits 20,000. What next? Share your strategy
Replies: 107
Views: 9792

Re: Dow hits 20,000. What next? Share your strategy

My plan is to find out how to convert VTI and VXUS to mutual funds so that I can invest automatically every month for long time and check my accounts once in a year to rebalance it.
by Suman
Tue Jan 24, 2017 3:02 pm
Forum: Personal Consumer Issues
Topic: Cell service abroad, what did I do wrong
Replies: 29
Views: 2566

Re: Cell service abroad, what did I do wrong

Welcome to the world outside USA! Being an immigrant myself, I know how bad system is everywhere outside US. I hope you did not have to pay a fortune for this.
by Suman
Sun Jan 22, 2017 8:57 pm
Forum: Personal Finance (Not Investing)
Topic: Do you check your credit reports annually?
Replies: 48
Views: 3253

Re: Do you check your credit reports annually?

Very true. They don't give you the complete report. Just checked ours on annual credit report. Thankfully don't see anything unusual.
by Suman
Sun Jan 22, 2017 2:02 pm
Forum: Personal Finance (Not Investing)
Topic: Do you check your credit reports annually?
Replies: 48
Views: 3253

Re: Do you check your credit reports annually?

All new credit cards provide free FICO score and report. You can look it up anytime you wish.
by Suman
Sat Jan 21, 2017 9:12 am
Forum: Personal Consumer Issues
Topic: How much is your cell phone bill?
Replies: 263
Views: 27151

Re: How much is your cell phone bill?

Simple mobile. Uses T mobile network. $90 for two of us, 15gb with unlimited talk and text. Using it for past 5 years. You will need unlocked phone supporting T mobile LTE bands. We use moto G4 currently.

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