Search found 40 matches

by Suman
Thu Mar 30, 2017 5:14 pm
Forum: Personal Finance (Not Investing)
Topic: Unemployed for 2-3 days- potential benefits
Replies: 6
Views: 709

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: 6
Views: 709

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: 3109

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: 1109

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: 1109

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: 1109

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: 1109

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: 1543

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: 1543

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: 1543

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: 1543

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: 1543

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: 6853

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: 2015

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: 2015

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: 2537

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: 2537

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: 2537

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: 2537

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: 2040

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: 1342

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: 1342

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: 1342

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: 1797

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: 1342

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: 9173

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: 9173

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: 9173

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: 2412

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: 2899

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: 2899

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: 24936

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.
by Suman
Sat Jan 07, 2017 3:07 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth IRA question
Replies: 17
Views: 1231

Re: Backdoor Roth IRA question

Vanguard website has a link: convert to roth ira. You can find it in tira account. From there, it's pretty straightforward.
by Suman
Sat Jan 07, 2017 12:13 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth IRA question
Replies: 17
Views: 1231

Re: Backdoor Roth IRA question

Yes. I have all my Roth and taxable investments in Vanguard total US stock and total international stock funds. 403 is in low ER vanguard target 2045 and 457 has vanguard US bond fund.
by Suman
Sat Jan 07, 2017 11:28 am
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth IRA question
Replies: 17
Views: 1231

Re: Backdoor Roth IRA question

Highest deductible plan has $2000 deductible for family and will not qualify for HSA. FSA is there and will use that. I bonds looks good for taxable account. As I don't have any more tax advantaged space available, will start putting I bonds and muni bonds in taxable account for allocation rebalanci...
by Suman
Fri Jan 06, 2017 2:34 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth IRA question
Replies: 17
Views: 1231

Re: Backdoor Roth IRA question

It is a non-governmental 457b. My current equity and bond allocation is 85:15 and I was hoping to use 457b for more bond funds to bring my allocation to 80:20. This 457b has excellent funds like 403b. Anything else I can do in tax year 2017 to save on taxes?
by Suman
Wed Jan 04, 2017 3:21 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth IRA question
Replies: 17
Views: 1231

Re: Backdoor Roth IRA question

[color=#FFBF00]It is not unusual to leave money in a 403b or similar account when you leave a job. You should still be able to exchange money from one fund to another with little difficulty. You might even be able to roll future employer plans into this old 403b. [/quote] [/color] I never heard of ...
by Suman
Sun Jan 01, 2017 6:48 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth IRA question
Replies: 17
Views: 1231

Re: Backdoor Roth IRA question

I will ask my current 403B plan administrator about the fee and access to the account if I do not move it.

I hate not to be able to do backdoor IRA due to this tIRA pro-rate rule. Can my spouse still do $5500 max backdoor Roth conversion if I have a tIRA with significant amount but she does not?
by Suman
Sun Jan 01, 2017 5:40 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth IRA question
Replies: 17
Views: 1231

Re: Backdoor Roth IRA question

Thank you. I am switching my job in 2017. 403B from current employer has excellent vanguard funds. New employer 401K has not so attractive investment options. I have 3 options now: 1. Leave 403B with same employer. 2. Bring it over to new employer 401K- not desirable 3. Convert to Vanguard tIRA- not...
by Suman
Sun Jan 01, 2017 2:06 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth IRA question
Replies: 17
Views: 1231

Backdoor Roth IRA question

Happy New Year to all!
I started doing backdoor Roth IRA since 2016. I do not have any other IRAs. I am planning to do 2017 backdoor Roth conversion now. If I open a traditional IRA after backdoor Roth conversion, will it still be subject to pro-rata rule? Thanks.

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