Search found 49 matches

by gurusw
Sat Jul 29, 2017 7:30 pm
Forum: Investing - Help with Personal Investments
Topic: Advice needed to make short-term investments in Taxable accounts
Replies: 19
Views: 1182

Re: Advice needed to make short-term investments in Taxable accounts

I have a follow up question on this. I have emergency fund that I need to stash away too. At present my online bank is giving 0.75% on savings, my credit union's Money Market is giving 0.90%, and VG Prime MM is giving 0.52% APY. What will be your choice? If I want to use one of the vehicles for stas...
by gurusw
Mon Jul 24, 2017 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: Buying Life Insurance
Replies: 14
Views: 1784

Re: Buying Life Insurance

Btw do the insurance agents take any fees if I go through Term4Sale?
by gurusw
Wed Jul 12, 2017 8:45 pm
Forum: Personal Finance (Not Investing)
Topic: Buying Life Insurance
Replies: 14
Views: 1784

Re: Buying Life Insurance

Thanks for all the replies. I got my medical tests done for Ohio National & Cincinnati Life. Do you think these are good companies to go for, if they offer me their best rate?
by gurusw
Wed Jul 05, 2017 11:26 pm
Forum: Personal Finance (Not Investing)
Topic: Buying Life Insurance
Replies: 14
Views: 1784

Re: Buying Life Insurance

Hi, I have decided that I am going to buy 2 policies. I have also decided the policy values & the terms. Need suggestion on shopping. If I am using term4sale, should I start shoping for both the policies together, or one-after-another? Any other pointers? Also I have a existing policy that's exp...
by gurusw
Sat Jul 01, 2017 6:11 pm
Forum: Personal Finance (Not Investing)
Topic: Buying Life Insurance
Replies: 14
Views: 1784

Re: Buying Life Insurance

Thanks for the reply. Any opinions on buying Whole Life policy vs Term? If I am stacking 2 policies, would it make sense to buy the smaller/longer one as a Whole Life policy?
by gurusw
Fri Jun 30, 2017 8:34 pm
Forum: Personal Finance (Not Investing)
Topic: Buying Life Insurance
Replies: 14
Views: 1784

Buying Life Insurance

Hi, I am 42 now, and my 10 year life insurance policy will be expiring in 2 years. Thinking back, I made a mistake by not buying a 30-year term policy then. However I want to correct my course asap. Hence I am thinking of getting a new policy right now, and canceling the old one. I need help with tw...
by gurusw
Fri Jun 23, 2017 7:34 am
Forum: Personal Finance (Not Investing)
Topic: Health Coverage - COBRA & ACA
Replies: 16
Views: 827

Re: Health Coverage - COBRA & ACA

Btw are there alternatives to COBRA that I can consider?
by gurusw
Fri Jun 23, 2017 7:31 am
Forum: Personal Finance (Not Investing)
Topic: Health Coverage - COBRA & ACA
Replies: 16
Views: 827

Re: Health Coverage - COBRA & ACA

Will you and your family have health insurance coverage coverage from day one of your new job? If so, then your plan should work. Be sure to send back the form indicating that you are going to elect COBRA coverage as soon as you get it. Verify with your current employer when your health insurance e...
by gurusw
Fri Jun 23, 2017 12:03 am
Forum: Personal Finance (Not Investing)
Topic: Health Coverage - COBRA & ACA
Replies: 16
Views: 827

Health Coverage - COBRA & ACA

Hi, I am looking to transition jobs. My lasy day at the current job will be Jul 7, and the first day in the new company would be Aug 14. In between, I am planning to do international trip, and some domestic travel too. Ours is a family of 3. In essence, we will be without health insurance between Ju...
by gurusw
Sun Jun 18, 2017 4:15 pm
Forum: Investing - Help with Personal Investments
Topic: Advice needed to make short-term investments in Taxable accounts
Replies: 19
Views: 1182

Re: Advice needed to make short-term investments in Taxable accounts

Hi,

So if my bond allocation (100K) is substantailly lower than mortgage (400K), then what does it mean? Should I not buying the house yet? or do I need to move more money in bond allocation?

Thanks.
by gurusw
Sun Jun 18, 2017 2:50 pm
Forum: Investing - Help with Personal Investments
Topic: Advice needed to make short-term investments in Taxable accounts
Replies: 19
Views: 1182

Re: Advice needed to make short-term investments in Taxable accounts

I did this in 2013, when I bought a home. I had a stock holding in my taxable account which was more than enough to pay cash for a home (but which would have led to a huge tax bill if I did that). I intended to put 20% down on a home. So I left my taxable account in stock, and when I signed the con...
by gurusw
Sun Jun 18, 2017 1:25 pm
Forum: Investing - Help with Personal Investments
Topic: Advice needed to make short-term investments in Taxable accounts
Replies: 19
Views: 1182

Re: Advice needed to make short-term investments in Taxable accounts

retiredjg wrote:As for the bond fund, whether you use taxable or tax-exempt depends on your tax bracket.


My Fed tax bracket is 28%. Also I am in CA, and the state tax bracket is 9.3%.
by gurusw
Sun Jun 18, 2017 1:14 pm
Forum: Investing - Help with Personal Investments
Topic: Advice needed to make short-term investments in Taxable accounts
Replies: 19
Views: 1182

Advice needed to make short-term investments in Taxable accounts

Hi, I have stashed cash of around 100K+ strictly for house down payment. (This is not for emergency expenses or retirement). However there will still be 2-3 years of time before I buy a house. I am wondering what kind of instruments I can invest in using the taxable accounts. Initially I wanted to k...
by gurusw
Mon Sep 08, 2014 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: Need help arrive at monthly expenses after retirement
Replies: 25
Views: 1980

Re: Need help arrive at monthly expenses after retirement

Hi, If the cost of medicare is ~$100/month, why is that the total healthcare retirement cost is around $250K for a couple? I get scared when people say it's 500lb gorilla Wouldn't medicare pay for everything? Would I need to supplement it with additional insurance? What would be cost of such insuran...
by gurusw
Mon Sep 08, 2014 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: Need help arrive at monthly expenses after retirement
Replies: 25
Views: 1980

Re: Need help arrive at monthly expenses after retirement

What are the medicare costs in today's dollars?
How much do people pay if there are eligible for discounted medicare, and how much if they do not?
by gurusw
Mon Sep 08, 2014 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: Need help arrive at monthly expenses after retirement
Replies: 25
Views: 1980

Need help arrive at monthly expenses after retirement

Hi, I want to calculate my monthly expenses after retirement. What are the things that I need to account for, and what would be the cost of various things in today's dollars? The ones that I can think of is: 1. Monthly expenses as of today - groceries, utilities, clothes, etc. At present it's $2000/...
by gurusw
Sun Jul 01, 2012 3:30 am
Forum: Personal Finance (Not Investing)
Topic: Retirement calculator
Replies: 8
Views: 2698

Retirement calculator

Hi,

Which is your favorite retirement calculator? I have used retirement calculator from CNN Money. I am not sure if it takes all the expenses into account. Do you have suggestions for a better one?

Also, do you take Social security into consideration for your retirement needs?

Thanks.
by gurusw
Mon Nov 29, 2010 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: Car donation and tax deduction
Replies: 8
Views: 1392

Thanks for the replies. I live in MA, and carmax is not a option. Also I am selling car, and moving out of states. So trade-in is not an option either. Looks like donation is a bad idea considering no further deduction available in addition to std deduction. To sell the car, I am already trying crai...
by gurusw
Mon Nov 29, 2010 9:29 am
Forum: Personal Finance (Not Investing)
Topic: Car donation and tax deduction
Replies: 8
Views: 1392

Car donation and tax deduction

Hi,

I have a 10+ year old car that has fair value of about $3000 if I sell to private party. If I donate the car, and taking standard deduction for 2010, will I be able to subtract the donation amount? Or is the deduction available only for itemized deduction? TIA.
by gurusw
Sun Sep 26, 2010 10:59 am
Forum: Personal Finance (Not Investing)
Topic: Setting up beneficiary at Bank of America
Replies: 3
Views: 16096

Setting up beneficiary at Bank of America

Hi, I have a Will and Trust created by lawyer. Looks like I can name the Trust as beneficiary on my Vanguard account. But not on my bank account which is held at Bank of America. I went to the local branch to name my spouse as POD. The woman who helped me was a new employee, took lot of time to find...
by gurusw
Fri Aug 20, 2010 7:01 pm
Forum: Personal Finance (Not Investing)
Topic: Travel and mandatory MA state health insurance
Replies: 7
Views: 1520

Ok, an update from me. I am resigning in September from MA job, and leaving USA on Nov 1. That means my employer is not paying for my health insurance in October. I can opt for COBRA after I resign. But then as suggested, I can retroactively opt for COBRA if something happens before I leave. However...
by gurusw
Tue Apr 27, 2010 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: Travel and mandatory MA state health insurance
Replies: 7
Views: 1520

Thank you, kramer.
by gurusw
Sun Apr 25, 2010 9:32 pm
Forum: Personal Finance (Not Investing)
Topic: Travel and mandatory MA state health insurance
Replies: 7
Views: 1520

Travel and mandatory MA state health insurance

Hi, MA requires everyone to have a health insurance. The person not having health insurance is subjected to penalties. I live and work in MA at present. It is a good possibility that I will get a job in Europe soon. Mostly I am going to join in July. If I resign, and leave MA for that job; I am not ...
by gurusw
Thu Mar 04, 2010 9:26 pm
Forum: Investing - Help with Personal Investments
Topic: Help needed to decide investment for minor
Replies: 3
Views: 643

Thanks for the responses. Yes, VG waives the $20 fees if I open the account on their website, and sign up for e-statements. I will opt for them.
by gurusw
Thu Mar 04, 2010 8:40 pm
Forum: Investing - Help with Personal Investments
Topic: Help needed to decide investment for minor
Replies: 3
Views: 643

Help needed to decide investment for minor

Hi, Last year our pharmacy made error, and gave wrong medication to our kid. He went through lot of agony. Luckily the kid did ok even after taking the medicine. Meanwhile we consulated a lawyer. He is making the pharmacy pay $10K for all the headache. After lawyer's fees, our kid will get $6,666. A...
by gurusw
Sun Nov 29, 2009 8:45 pm
Forum: Personal Finance (Not Investing)
Topic: car accident in MA, other driver's fault
Replies: 16
Views: 4062

Thank you Polaris. The funny part is that both of these websites do not have any dealerships.
by gurusw
Sun Nov 29, 2009 8:12 pm
Forum: Personal Finance (Not Investing)
Topic: car accident in MA, other driver's fault
Replies: 16
Views: 4062

I found the list of all the approved body shops in MA from Plymouth Rock's website: m This is the same exact list that Commerce has sent me (for my county). Although Commerce's preferred vendors are different. Since there is only one Honda dealership in this list in my county, I wonder if I am stuc...
by gurusw
Sun Nov 29, 2009 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: car accident in MA, other driver's fault
Replies: 16
Views: 4062

Thanks a lot to Cherokee8215 and everyone for helping me out. bluemarlin08, a great tip indeed. Btw how did you estimate the depreciated value of your car? I have been told that my insurance won't go up since it was not my fault. However Progressive is not waiving me deductible since I did not have ...
by gurusw
Fri Nov 27, 2009 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: car accident in MA, other driver's fault
Replies: 16
Views: 4062

car accident in MA, other driver's fault

Hi, I am MA resident, and I had a minor car accident last week in MA. The other driver (also MA resident) did not yield, and hit my car on the rear right side. His insurance co is Commerce, mine is Progressive. I have $500 deductible, and I do not have substitute transportation on my policy. When I ...
by gurusw
Wed Sep 02, 2009 5:30 pm
Forum: Personal Finance (Not Investing)
Topic: Possible career for wife
Replies: 55
Views: 7712

Possible career for wife

Hi, My wife had been a stay-at-home-mother till now caring for our 2 year old kid. She is in mid 30s, and wants to go out and explore possible career opportunities. She has Baccalaureate degree in accounting. She had tried for CPA, but did not succeed. She does not want to try again. She also knows ...
by gurusw
Tue Mar 17, 2009 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: MA taxes on traditional IRA
Replies: 4
Views: 1598

I confirmed on mass.gov website that all IRA contributations are nondeductible in mass, and mass does not tax you when you take out these nondeductible contributions. Thanks.

http://www.mass.gov/?pageID=dorterminal ... &csid=Ador
by gurusw
Sat Mar 14, 2009 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: MA taxes on traditional IRA
Replies: 4
Views: 1598

MA taxes on traditional IRA

Hi, I opened spousal traditional IRA for 2008, and found that my MA tax liability has not changed a bit. MA allows you to deduct max $2000 contributed towards social security or retirement accounts. Since I have already paid more than $2000 of social security taxes, I got no further deduction for re...
by gurusw
Sun Feb 15, 2009 5:51 pm
Forum: Investing - Theory, News & General
Topic: Foreign Tax Credit - silly question
Replies: 3
Views: 1058

Thanks. There is nothing in box 1a for FTSE fund, or in box 6 for any fund. I will be contended with TLH for now.
by gurusw
Sun Feb 15, 2009 4:25 pm
Forum: Investing - Theory, News & General
Topic: Foreign Tax Credit - silly question
Replies: 3
Views: 1058

Foreign Tax Credit - silly question

Hi, I had owned Vanguard FTSE AllWorls ExUs Index Inv Fund for some time in 2008, and then sold it for TLH. The 1099 forms that I received from VG do not mention any foreign tax credit. Is this because I hold the fund for less than a year, or is there a different form, or am I supposed to go to thei...
by gurusw
Tue Sep 09, 2008 2:32 pm
Forum: Investing - Theory, News & General
Topic: tax loss harvesting question
Replies: 1
Views: 939

tax loss harvesting question

I hold VFWIX (Van FTSE all world exl US) in my taxable acct. Now that VGTSX (total intl) is no longer fund of fund, I am tempted to hold it in my taxable acct. VGTSX has lower ER than VFWIX, and I have capital loss on VFWIX. That makes the whole proposition benefitting to me. However I am worried if...
by gurusw
Tue Jul 22, 2008 8:43 pm
Forum: Personal Finance (Not Investing)
Topic: estate planning - lawyer or self-help toolkit
Replies: 15
Views: 3833

estate planning - lawyer or self-help toolkit

What do most diehards use for estate planning? Is going to lawyer worth it , or a kit by Suze Orman will do? I heard going to lawyer for a WILL will cost around $1000. Whereas Suze's kit costs around $50. My net worth is less than 300K, have a spouse & daughter, and I live in MA. No house yet. S...
by gurusw
Tue Jul 22, 2008 8:37 pm
Forum: Investing - Theory, News & General
Topic: tasty short term cd rates
Replies: 21
Views: 5051

stratton wrote:I know most people here know this, but...

Stay below the $100K FDIC limit and leave "room" for accumulating interest.

Paul


Your insurance is 200K if you have joint acct.
by gurusw
Wed Jul 16, 2008 2:45 pm
Forum: Investing - Theory, News & General
Topic: Portfolio allocation
Replies: 8
Views: 2148

by gurusw
Thu Jun 05, 2008 2:47 pm
Forum: Investing - Theory, News & General
Topic: What about commodity futures and commodity funds?
Replies: 66
Views: 15207

Sorry to be off topic, but what % of REIT does TSM contain?
by gurusw
Fri May 30, 2008 9:53 pm
Forum: Personal Finance (Not Investing)
Topic: how much closing costs for house
Replies: 6
Views: 2732

how much closing costs for house

I keep reading in home-buying tips that one should be saving 3-6% of the house price to pay towards closing costs? Are those really that exhorbitant? If one buys a shack in NE for 400K, does he will have to pay $20K towards closing costs?

Home-owners, what's your experience?
by gurusw
Wed May 28, 2008 9:05 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio suggestions welcome
Replies: 4
Views: 1707

Thanks for your detailed reply.

I will consider opening brokerage when I become Voyager customer. I think something like DBC will fit the need of commodity portion, right?
by gurusw
Tue May 27, 2008 2:54 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio suggestions welcome
Replies: 4
Views: 1707

PW, thanks for your post. FBNDX has been a dog in the past, and invests only in intermediate-term corp bonds. So I am not sure if the high volume investment in that fund would make sense for me. Does ER rank higher than diversification and performance? Also is REIT as 20% of US stocks on the high si...
by gurusw
Mon May 26, 2008 5:05 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio suggestions welcome
Replies: 4
Views: 1707

Portfolio suggestions welcome

Emergency funds = 6 months of expenses Debt: None Tax Filing Status: Married filing Jointly Tax Rate: 25% Federal 5% State MA Age: 33 Desired Asset allocation: (67/33) Intl allocation: 50% of stocks Taxable at Vanguard 0% cash 26% Vanguard FTSE All World - US (VFWIX) (0.4) 11% Vanguard Inter-term Ta...
by gurusw
Sun May 25, 2008 10:15 pm
Forum: Investing - Help with Personal Investments
Topic: Bond funds for AA
Replies: 1
Views: 937

Bond funds for AA

Hi, I have Fidelity Investment Grade bond fund in my 401K which has ER 0.45. The other bond fund is stable value fund namely Fidelity Managed Income Portfolio which is not even listed on Fidelity's website. But it is offered to my company and has expense ratio of 0.55. Investments 1 YR 3 YR 5 YR 10Y...
by gurusw
Mon May 19, 2008 7:14 pm
Forum: Personal Finance (Not Investing)
Topic: car insurance - primary & optional driver
Replies: 4
Views: 1570

car insurance - primary & optional driver

Hi, We have 2 cars which both me & my spouse drive. I am primary driver for the 8 yr old car, and she is primary for the new car. I am optional driver on new car, and she is optional on old car. I have perfect driving record, and she has less than perfect record. Will we save on the car insuranc...
by gurusw
Mon May 12, 2008 1:56 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio advice
Replies: 24
Views: 4418

Your reply about rebalancing makes sense. However I am still not so clear about tax angle. In cashcow's suggested portfolio, intl stcks are in ROTH and also in taxable acct. So at the time of redemption at retirement, they will come out tax-free from ROTH. He will pay long-term capital-gain tax for ...
by gurusw
Mon May 12, 2008 12:47 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio advice
Replies: 24
Views: 4418

PW, I often saw that the AAP is spread across taxble and tax-deferred accounts. I think it makes sense when bonds are in tax-deferred accounts. But does not putting REITs in ROTH, or putting Intl stocks in taxable gives these investments tax-advantage compared to US stocks in 401Ks/IRAs? Does it als...
by gurusw
Sun May 11, 2008 12:25 pm
Forum: Investing - Help with Personal Investments
Topic: RE vs stocks investment
Replies: 9
Views: 2703

Thanks for the replies. It seems there is no thumb rule for RE allocation. I gather the suggestion is to buy as small house as you are comfortable, and invest the rest in stocks+bonds. (Taylor suggests to buy a large house only if you want to increase RE exposure.) Being in NorthEast 400K does not g...
by gurusw
Sun May 11, 2008 9:40 am
Forum: Investing - Help with Personal Investments
Topic: RE vs stocks investment
Replies: 9
Views: 2703

RE vs stocks investment

Hi, I am hoping the forum members will help me with my situation here. I am planning to buy a house soon, but I am confused regarding how much to pay down and if I should take 15 yr vs 30 yr mortgage. I am 33, has 6mth daughter and non-working spouse. I have $75K in 401K, and 225K in taxable accts. ...