Search found 51 matches

by infotrader
Mon Jun 19, 2017 2:53 pm
Forum: Investing - Help with Personal Investments
Topic: Why do we need an emergency fund?
Replies: 70
Views: 3987

Re: Why do we need an emergency fund?

KlangFool wrote:
In this case, it is an unplanned financial need. Hence, it is a financial emergency. So, your cash reserve is your EF.


So, it goes back to how we define it mentally: more or less, everyone is supposed to have one, no matter what you call it.
by infotrader
Mon Jun 19, 2017 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: 401k for small businesses
Replies: 1
Views: 144

401k for small businesses

I am posting this message for a friend who is trying to setup a 401k-like retirement savings plan for his little startup with 20 employees. One option he is considering is Captain401 which specializes in startup retirement plans, but their fees feel very high (besides employer cost, annual cost to e...
by infotrader
Mon Jun 19, 2017 10:44 am
Forum: Investing - Help with Personal Investments
Topic: Why do we need an emergency fund?
Replies: 70
Views: 3987

Re: Why do we need an emergency fund?

Thanks for all the posts above, and I do learn a lot from them. The reason for me to start this thread is that I have heard so much about EF, and almost to the point that: EF is the starting point of your personal finance. People will commend you for having one, since it is the right thing to do. I ...
by infotrader
Sun Jun 18, 2017 12:40 pm
Forum: Investing - Help with Personal Investments
Topic: Why do we need an emergency fund?
Replies: 70
Views: 3987

Re: Why do we need an emergency fund?

Well said, Norcaldad. EF is a building block. However, once the house is built, it becomes part of the building, so you don't need another building block lying around. The idea of EF should be promoted more to the audience of suze orman show. If you follow BH and execute its ideas well, EF is hidden...
by infotrader
Sun Jun 18, 2017 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: Curious to odd estate question
Replies: 88
Views: 4729

Re: Curious to odd estate question

This is more like a philosophical question now. I honestly cannot answer it, since I cannot find a way that satisfies the requirement of benefitting no one.
by infotrader
Sun Jun 18, 2017 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: Curious to odd estate question
Replies: 88
Views: 4729

Re: Curious to odd estate question

I wondered if any one has mentioned earlier. For me, the easiest and quickest way to send money to feds is to burn dollar bills. That amount has been effectively taken out of circulation, so the issuer benefits. You need to physically destroy some properties to annihilate your wealth, but I am not s...
by infotrader
Sun Jun 18, 2017 10:31 am
Forum: Investing - Help with Personal Investments
Topic: Why do we need an emergency fund?
Replies: 70
Views: 3987

Re: Why do we need an emergency fund?

aristotelian wrote: I am addicted to investing and it pains me to keep any money in a savings account earning negative real return. That said, I have found it useful to have a cash cushion and it helps me sleep at night without too much opportunity cost.


I feel exactly the same way.
by infotrader
Sun Jun 18, 2017 10:26 am
Forum: Investing - Help with Personal Investments
Topic: Why do we need an emergency fund?
Replies: 70
Views: 3987

Re: Why do we need an emergency fund?

stan1 wrote:Emergency funds are an alternative to high cost credit card debt. If you have a better approach than either of those that's great.


This is the best summary.
by infotrader
Sun Jun 18, 2017 10:11 am
Forum: Investing - Help with Personal Investments
Topic: Why do we need an emergency fund?
Replies: 70
Views: 3987

Re: Why do we need an emergency fund?

Whatever works for you. I have a tiered approach that gets the best of both worlds. I have a few months liquid, risk free cash, while keeping everything else fully invested. Above the first tier I have a few funds that do double duty as I think it is important to have at least a few months expenses...
by infotrader
Sun Jun 18, 2017 9:54 am
Forum: Investing - Help with Personal Investments
Topic: Why do we need an emergency fund?
Replies: 70
Views: 3987

Re: Why do we need an emergency fund?

kelway wrote:I suppose for the exact same reason you might not retire 100% invested in stocks.


So, can we retire the idea of emergency fund as long as appropriate AA is in place?
by infotrader
Sun Jun 18, 2017 9:45 am
Forum: Investing - Help with Personal Investments
Topic: Why do we need an emergency fund?
Replies: 70
Views: 3987

Why do we need an emergency fund?

We have been told again and again that we need to have an emergency fund worth at least 3 months of income or expenses for rainy days. I have never had an emergency fund, and all I have is money invested and money to be invested. I did not have college fund for my kids too, but sent both of them to ...
by infotrader
Sat Jun 17, 2017 12:06 am
Forum: Investing - Help with Personal Investments
Topic: New physician - UC retirement options help (403b/457b/401a megabackdoor roth)!
Replies: 72
Views: 5638

Re: New physician - UC retirement options help (403b/457b/401a megabackdoor roth)!

It looks like the 2k over contribution is due to:
$1K summer salary EE
$1K summer salary ER

Avo: Did you specify exactly 54k for the 401a after tax, OR, the system cut it off automatically once the limit is reached?
by infotrader
Fri Jun 16, 2017 11:43 pm
Forum: Investing - Help with Personal Investments
Topic: New physician - UC retirement options help (403b/457b/401a megabackdoor roth)!
Replies: 72
Views: 5638

Re: New physician - UC retirement options help (403b/457b/401a megabackdoor roth)!

It looks like the 2k over contribution is due to:
$1K summer salary EE
$1K summer salary ER

Avo: Did you specify exactly 54k for the 401a after tax, OR, the system cut it off automatically once the limit is reached?
by infotrader
Fri Jun 16, 2017 9:42 pm
Forum: Investing - Help with Personal Investments
Topic: New physician - UC retirement options help (403b/457b/401a megabackdoor roth)!
Replies: 72
Views: 5638

Re: New physician - UC retirement options help (403b/457b/401a megabackdoor roth)!

UC does such a poor job on retirement education. Sometimes, I know more than HR people. No surprisingly, in one of the UCRP publications, I found that 80% of 403/457 contributions are in savings account.
by infotrader
Fri Jun 16, 2017 8:00 pm
Forum: Investing - Help with Personal Investments
Topic: New physician - UC retirement options help (403b/457b/401a megabackdoor roth)!
Replies: 72
Views: 5638

Re: New physician - UC retirement options help (403b/457b/401a megabackdoor roth)!

Thanks. Here is what I found in the UC publication: To comply with the IRC §415(c) contribution limit ($54,000 in 2017) and to protect the Plan’s qualified status with the IRS, the Plan Administrator annually monitors contributions made for participants. If, due to reasonable error, the 415(c) limit...
by infotrader
Fri Jun 16, 2017 7:05 pm
Forum: Investing - Help with Personal Investments
Topic: New physician - UC retirement options help (403b/457b/401a megabackdoor roth)!
Replies: 72
Views: 5638

Re: New physician - UC retirement options help (403b/457b/401a megabackdoor roth)!

Note to all but particularly to Infotrader, Avo, and Gleevec: I've rediscovered something I knew well enough last October to report earlier in this topic, but apparently subsequently forgot, relating to the treatment for 415(c) of mandatory employ ee contributions to a DB plan....which in turn affe...
by infotrader
Fri Jun 16, 2017 6:39 pm
Forum: Investing - Help with Personal Investments
Topic: With guaranteed pension, should 403(b) investments be more aggressive or more conservative?
Replies: 33
Views: 1706

Re: With guaranteed pension, should 403(b) investments be more aggressive or more conservative?

Between my wife and myself, we have 3 pensions, and are also covered under ss. Medical insurance also covered by the employer after retirement. We have been in about 70% equity and 20% REITs and 10% bond as long as I can remember. For me, deferring too much seems to be a bigger issue. We could put a...
by infotrader
Fri Jun 16, 2017 2:47 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement portfolio help
Replies: 15
Views: 1221

Re: Retirement portfolio help

Peter Foley wrote:FNMIX Fidelity New Markets Sell - expense ratio is too high


I know that ER is important, but personally I really like FNMIX for its steady price and yield. I wonder if there is a cheaper version of it, since I want to use it as my bond allocation.
by infotrader
Tue Jun 13, 2017 9:01 am
Forum: Investing - Help with Personal Investments
Topic: New physician - UC retirement options help (403b/457b/401a megabackdoor roth)!
Replies: 72
Views: 5638

Re: New physician - UC retirement options help (403b/457b/401a megabackdoor roth)!

Yes, to the defined-contribution plan (401a). My fidelity account shows 4 different kinds of contributions to this plan: after tax dc plan pretax summer salary EE summer salary ER The only voluntary ones I've made are the after tax. I don't understand the sources of the other 3. The DC Plan Pretax ...
by infotrader
Tue Jun 13, 2017 12:11 am
Forum: Investing - Help with Personal Investments
Topic: New physician - UC retirement options help (403b/457b/401a megabackdoor roth)!
Replies: 72
Views: 5638

Re: New physician - UC retirement options help (403b/457b/401a megabackdoor roth)!

B is correct, except that the 50+ catch-up is $6000 for 2017. If you go over the limit in the 401a, they will eventually figure it out and issue you a refund. I did this in 2014 and 2015 (not realizing that I had to do the subtractions), and in 2016 I got a letter for each of those years, giving th...
by infotrader
Mon Jun 12, 2017 11:35 pm
Forum: Investing - Help with Personal Investments
Topic: New physician - UC retirement options help (403b/457b/401a megabackdoor roth)!
Replies: 72
Views: 5638

Re: New physician - UC retirement options help (403b/457b/401a megabackdoor roth)!

I wonder if anyone can summarize the max amount of contribution. Which of the following is correct: A) The option with the lowest contribution limit 401a: $54,000 - employee UCRP mandatory contribution - 403b 457b: $18,000 (+$5,000 catch-up), since it is a different entity. OR: B) 401a: $54,000 - em...
by infotrader
Mon Jun 12, 2017 11:23 pm
Forum: Investing - Help with Personal Investments
Topic: New physician - UC retirement options help (403b/457b/401a megabackdoor roth)!
Replies: 72
Views: 5638

Re: New physician - UC retirement options help (403b/457b/401a megabackdoor roth)!

Does that seem about right to everyone. Again I ran into misleading things from fidelity! I'm with you on the confusion! That's why I turned here. But my assessment mimics yours. I think you can have 54k after-tax (UC DCP) and 18k pre-tax (403b). But that being said, I'm no expert. The UC benefits ...
by infotrader
Fri Jun 09, 2017 5:01 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity Cash Management Account--any real life experience you can share?
Replies: 31
Views: 4840

Re: Fidelity Cash Management Account--any real life experience you can share?

I have CMA for 5 years, and pretty happy with it. Got ATM fees reimbursed while travelling abroad.
I have Fidelity accounts and credit card.
by infotrader
Mon Jun 05, 2017 9:35 am
Forum: Investing - Help with Personal Investments
Topic: Benefits of waiting to convert $4,000,000 in IRAs into Roth
Replies: 41
Views: 4531

Re: Benefits of waiting to convert $4,000,000 in IRAs into Roth

I see no point of converting it, unless it will hit the inheritance tax which is not the case in this scenario.
by infotrader
Sat Jun 03, 2017 9:48 pm
Forum: Investing - Help with Personal Investments
Topic: Boglehead approved actively managed funds!
Replies: 28
Views: 2780

Re: Boglehead approved actively managed funds!

How about VHCOX Vanguard Horizon Capital Opportunities
by infotrader
Fri Jun 02, 2017 11:20 am
Forum: Investing - Help with Personal Investments
Topic: I hit my first $100k today in my 401k!!
Replies: 34
Views: 4214

Re: I hit my first $100k today in my 401k!!

Congratulations!
Important milestone, and it will get easier.
by infotrader
Fri Jun 02, 2017 10:02 am
Forum: Investing - Help with Personal Investments
Topic: Early Retirement Approaches (forced) - review my situation?
Replies: 29
Views: 4886

Re: Early Retirement Approaches (forced) - review my situation?

"I made the decision that I would leave when it suited me if I could and I would ignore all of the noise."
This is a good advice.
by infotrader
Fri Jun 02, 2017 9:37 am
Forum: Personal Finance (Not Investing)
Topic: Early Retirement Plan Check, 2 Years out.
Replies: 25
Views: 3518

Re: Early Retirement Plan Check, 2 Years out.

You are in good shape.
I do have a question for everyone here:
I assume that the OP's $3000 per month SS is based on his current statement. If he retires early, he will have 14-15 more zero years (55 to 70 years old), will that result in a lower monthly payout?
by infotrader
Thu Jun 01, 2017 11:02 am
Forum: Investing - Help with Personal Investments
Topic: Help me decide how my Fidelity 2% Cashback rewards should be invested plz.
Replies: 20
Views: 1583

Re: Help me decide how my Fidelity 2% Cashback rewards should be invested plz.

I used to put the money directly into my wife's IRA, and resulted in excess contribution twice (most of our IRAs are with Vanguard). Later, I discovered Fidelity cash management which is very convenient for international travel, so that is the account I am using. Since I am a very disciplined invest...
by infotrader
Tue May 30, 2017 11:50 am
Forum: Personal Consumer Issues
Topic: S. Korea (Seoul+DMZ tour+?), 1 week in mid-May
Replies: 13
Views: 1480

Re: S. Korea (Seoul+DMZ tour+?), 1 week in mid-May

Good report, rupalb9 I was in Seoul twice. I found the train from Incheon to downtown very easy to use. On my last day there, I had an evening flight to LAX. I left my hotel in early morning. Took a taxi to Seoul Station and checked in all my luggage and passed the immigration at: https://en.wikiped...
by infotrader
Sun May 28, 2017 9:58 am
Forum: Personal Finance (Not Investing)
Topic: Avoiding the Hassle Factor - Vanguard, Schwab, or Fidelity?
Replies: 52
Views: 5020

Re: Avoiding the Hassle Factor - Vanguard, Schwab, or Fidelity?

I have both Fidelity and Vanguard at 60%/40% asset allocation. I have been with both for over 15 years. Both are good, but I decided to move all assets to Vanguard to avoid the hassle of having multiple accounts: 1) I live vghax and vhcox and other ETFs like vgt. 2) To achieve the flagship status at...
by infotrader
Thu Apr 06, 2017 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: Pension -lump sum or monthly payout?
Replies: 29
Views: 1891

Re: Pension -lump sum or monthly payout?

I would take monthly in your case.
Your lump sum ~= 125 monthly payouts. Not a good ratio.
Also, since you did not mention any other pensions except SS, it is nice to have a steady cashflow no matter how small it is.
Of course, I cannot tell how safe your pension is for the long term.
by infotrader
Thu Apr 06, 2017 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: Does your employer let you cash out your Vacation and/or Sick time upon leaving the company?
Replies: 56
Views: 3627

Re: Does your employer let you cash out your Vacation and/or Sick time upon leaving the company?

I get 24 days of vacation every year, and 12 days of sick leave. We can cash out up to 1.5 year worth of vacation days. All sick leave hours can be converted to service credit at the rate of 2000 hours=1 year. It is actually worth more than vacation time, so some people take vacation when they are s...
by infotrader
Thu Apr 06, 2017 1:12 pm
Forum: Personal Consumer Issues
Topic: China Trip - Visa Expediter?
Replies: 26
Views: 1531

Re: China Trip - Visa Expediter?

It will be valid even after your current visa expires.
by infotrader
Thu Apr 06, 2017 1:11 pm
Forum: Personal Consumer Issues
Topic: China Trip - Visa Expediter?
Replies: 26
Views: 1531

Re: China Trip - Visa Expediter?

There is no fee difference, whether a single entry or 10 year multiple.
by infotrader
Thu Apr 06, 2017 11:21 am
Forum: Personal Consumer Issues
Topic: China Trip - Visa Expediter?
Replies: 26
Views: 1531

Re: China Trip - Visa Expediter?

If you plan to go there in future, make sure to get the 10 year one with multiple entries.
I live in LA. I used to go there by myself, but I used a travel agent last time, paid $25 + $140 visa fee.
by infotrader
Wed Apr 05, 2017 12:43 pm
Forum: Personal Consumer Issues
Topic: Buying expensive car, how to keep payments low?
Replies: 149
Views: 9266

Re: Buying expensive car, how to keep payments low?

For those interested in Q7, they should seriously consider VW Atlas. If I remember correctly, the current Q7 has been around since 2005!!! You remember incorrectly. The Current Q7 is just closing out its first model year (MY2017) and the second opens up next week. Thanks for the update. Good to know.
by infotrader
Wed Apr 05, 2017 11:45 am
Forum: Personal Consumer Issues
Topic: Buying expensive car, how to keep payments low?
Replies: 149
Views: 9266

Re: Buying expensive car, how to keep payments low?

For those interested in Q7, they should seriously consider VW Atlas.
If I remember correctly, the current Q7 has been around since 2005!!!
by infotrader
Wed Apr 05, 2017 11:30 am
Forum: Personal Finance (Not Investing)
Topic: 457(b) and 403(b) Direct Rollover questions
Replies: 13
Views: 835

Re: 457(b) and 403(b) Direct Rollover questions

Also, even if it is allowed roll over to the Vanguard 401k, what is its benefits over rollover to a traditional IRA. For a 401k, absolute creditor protection in those states not providing such protection in a non-bankruptcy situation. Qualified plan funds rolled over to a rollover IRA, do continue ...
by infotrader
Wed Apr 05, 2017 10:14 am
Forum: Personal Finance (Not Investing)
Topic: 457(b) and 403(b) Direct Rollover questions
Replies: 13
Views: 835

Re: 457(b) and 403(b) Direct Rollover questions

I don't think you can roll over a retiree's employer sponsored plans just to Vanguard 401k (without an employer). What she should do is to roll them over to a traditional IRA.

Also, even if it is allowed roll over to the Vanguard 401k, what is its benefits over rollover to a traditional IRA.
by infotrader
Sat Mar 11, 2017 10:29 am
Forum: Investing - Help with Personal Investments
Topic: Is China In An Economic Bubble?
Replies: 26
Views: 1473

Re: Is China In An Economic Bubble?

Part of the reason for the real estate boom is the people don't trust the stock market. Inside trading is rampant, but almost no one get prosecuted. For most people, trading stock is all about getting inside information.
by infotrader
Tue Mar 07, 2017 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: Pension Options
Replies: 41
Views: 2331

Re: Pension Options

Is there any chance that she return to this employer in the near future? If not, take the lump sum now.
by infotrader
Mon Mar 06, 2017 5:42 pm
Forum: Investing - Help with Personal Investments
Topic: Question: Max out 457(b) vs. ROTH IRA
Replies: 9
Views: 645

Re: Question: Max out 457(b) vs. ROTH IRA

BL answered the question well.
You should max out Roth first, then do what you can with 457.
by infotrader
Mon Mar 06, 2017 1:10 pm
Forum: Investing - Help with Personal Investments
Topic: Question: Max out 457(b) vs. ROTH IRA
Replies: 9
Views: 645

Re: Question: Max out 457(b) vs. ROTH IRA

I thought the same thing 20 years ago, but stopped contributing to 401k 6 years ago. If I could have done it again, I would not contribute to 401k when my was making 45k a year. Tax deferring is tricky, and it is better to have money invested in different tax arrangement: deferred, roth, taxable, etc.
by infotrader
Mon Mar 06, 2017 11:57 am
Forum: Investing - Help with Personal Investments
Topic: Soon to retire - Please review and comment
Replies: 16
Views: 2758

Re: Soon to retire - Please review and comment

You should start roth ira conversion as soon as you retire to take advantage of the income drop.
I don't understand why you want to wait two years after wife taking ss.
by infotrader
Mon Mar 06, 2017 10:23 am
Forum: Investing - Help with Personal Investments
Topic: Think I'm ready, but not overly confident
Replies: 28
Views: 3039

Re: Think I'm ready, but not overly confident

You probably need to convert some tax deferred before RMD kicks in:
With $3.07M in Tax Deferred accounts (401K and traditional IRAs), the first year RMD alone with be over 110k. It may push you into the higher tax bracket.

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