Search found 456 matches

by kd2008
Wed Jan 18, 2017 2:46 pm
Forum: Investing - Help with Personal Investments
Topic: Why does Vanguard requires medallion for MM IRA Transfer
Replies: 29
Views: 1596

Re: Why does Vanguard requires medallion for MM IRA Transfer

Medallion signature guarantee requires the grantor of medallion to verify that the person listed on the form is you. And they will record date, time and mode of verification in their logs like driver's license etc. Vanguard can go back to the grantor and verify what happened and what was done. Notar...
by kd2008
Sat Jan 14, 2017 12:14 pm
Forum: Investing - Help with Personal Investments
Topic: thoughts about financial advisors comments regarding roth 401k
Replies: 30
Views: 3191

Re: thoughts about financial advisors comments regarding roth 401k

The correct comparison is your marginal savings rate now vs. your marginal tax rate later. See Traditional vs Roth - Dec. 2016 thread for a very similar question. You are correct about apples to apples comparison it is the marginal dollar. But that is for the purist. Unfortunately, the tax code is ...
by kd2008
Fri Jan 13, 2017 11:37 am
Forum: Personal Finance (Not Investing)
Topic: Please help build my case to increase 401k contribution limits
Replies: 15
Views: 1414

Please help build my case to increase 401k contribution limits

My 401k plan limits contributions to 25% for non-HCE and to 18% for HCE (high compensated employee). I understand the limit on HCE is intended to help the plan pass non-discrimination ACP/ADP testing. Plan matches 100% up to 6%. Plan participation is close to 100%. I would like to make a case for li...
by kd2008
Thu Jan 12, 2017 11:59 pm
Forum: Investing - Help with Personal Investments
Topic: thoughts about financial advisors comments regarding roth 401k
Replies: 30
Views: 3191

Re: thoughts about financial advisors comments regarding roth 401k

Please read these articles, This one is about case against roth 401k https://thefinancebuff.com/case-against-roth-401k.html Next, this one is about suitability of roth 401k for those who contribute to max. https://thefinancebuff.com/roth-401k-for-people-who-contribute-max.html These are best two art...
by kd2008
Thu Jan 12, 2017 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: The Mega Backdoor Roth IRA
Replies: 401
Views: 120763

Re: The Mega Backdoor Roth IRA

Has something changed in the past couple years? Just read a post that referenced this from the IRS website: "Can I roll over just the after-tax amounts in my retirement plan to a Roth IRA and leave the remainder in the plan? No, you can’t take a distribution of only the after-tax amounts and l...
by kd2008
Thu Jan 12, 2017 6:45 pm
Forum: Personal Finance (Not Investing)
Topic: The Mega Backdoor Roth IRA
Replies: 401
Views: 120763

Re: The Mega Backdoor Roth IRA

airahcaz wrote:If one is contributing pre-tax to the $18K limit, does this necessarily have to be met before the after-tax contributions can commence?


No. You may contribute both types simultaneously.
by kd2008
Thu Jan 12, 2017 11:55 am
Forum: Personal Finance (Not Investing)
Topic: Best Financial Moves You've Made
Replies: 141
Views: 15043

Re: Best Financial Moves You've Made

We all do the LBYM, investing in risk appropriate and age appropriate, tax minimizing portfolio thing. The best financial moves are the ones that gave me perspective. 1. I am not going to be able to see all the opportunities in front of me and some I am going to mess up all due to my fault. And this...
by kd2008
Tue Dec 20, 2016 8:38 am
Forum: Personal Finance (Not Investing)
Topic: Giving two weeks notice around the holidays
Replies: 58
Views: 4353

Re: Giving two weeks notice around the holidays

Nothing else matters. Who cares about when to give notice and if they will pay for two weeks? In Grand scheme of things it is a non-issue. This isn't a negotiation for a car where you know you'll never have to deal with the sales person again. OP is probably not the first employee to jump ship to t...
by kd2008
Tue Dec 20, 2016 7:34 am
Forum: Personal Finance (Not Investing)
Topic: Giving two weeks notice around the holidays
Replies: 58
Views: 4353

Re: Giving two weeks notice around the holidays

I think OP is anchoring on the wrong thing. Having a start date in writing for the new job and avoiding having to sign a non-compete agreement for release from the old one is paramount. Nothing else matters. Who cares about when to give notice and if they will pay for two weeks? In Grand scheme of t...
by kd2008
Tue Dec 20, 2016 5:26 am
Forum: Personal Finance (Not Investing)
Topic: Your Retirement Number, or, calculating the funding ratio
Replies: 179
Views: 18122

Re: Your Retirement Number, or, calculating the funding ratio

My 401k provider shows retirement income estimate in big bold letters and numbers on the home screen of the 401k website. It clearly states the assumptions. If you click on the number it brings up a tool that allows to play around with different scenarios. Unfortunately that is all going away Jan 1s...
by kd2008
Fri Dec 09, 2016 4:24 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Estimated Year End Distributions
Replies: 37
Views: 3765

Re: Vanguard Estimated Year End Distributions

thanks for the link. :sharebeer Looks like this will be my first year where dividends across taxable, Roth and 401k cross 10K. :sharebeer
by kd2008
Sat Dec 03, 2016 5:04 am
Forum: Personal Finance (Not Investing)
Topic: HSA rules for deceased spouse?
Replies: 24
Views: 1378

Re: HSA rules for deceased spouse?

HSA has a designated beneficiary. Money goes there upon death. If the expenses need to be reimbursed then technically that has to happen before the HSA is transferred over. It is upto you to figure out how reasonably quickly you can act upon death of your spouse. The answer almost universally will b...
by kd2008
Sat Nov 05, 2016 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: Frustrated with Health Insurance Premiums for 2017
Replies: 79
Views: 6397

Re: Frustrated with Health Insurance Premiums for 2017

This discussion has become an echo chamber. I wish there were folks from other backgrounds on this thread like those that were finally able to have insurance inspite of having a pre-condition, were accepted into Medicaid through expansion, avoided bankruptcy for medical bills, reduced uncompensated ...
by kd2008
Tue Nov 01, 2016 5:19 am
Forum: Personal Finance (Not Investing)
Topic: Healthcare costs and self funding
Replies: 96
Views: 6616

Re: Healthcare costs and self funding

OP, here is an example of ACA compliant catastrophic plan. There may be others.

https://www.chministries.org/catastrophicbills.aspx

https://www.chministries.org/programs.aspx
by kd2008
Mon Oct 31, 2016 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: Getting healthcare prices before enrolling
Replies: 19
Views: 1469

Re: Getting healthcare prices before enrolling

According to GoodRx, 90 pills of Lipitor could be had for $25 from Walgreens. Still trying to figure out how to get the price she would pay for the drug and contact with HR and CVS has not been successful. Perhaps sticking with the high-deductible non-HSA plan with the $80/year co-pay for her drug ...
by kd2008
Mon Oct 31, 2016 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: Getting healthcare prices before enrolling
Replies: 19
Views: 1469

Re: Getting healthcare prices before enrolling

Actually the price is what insurance wants to cover and it has no basis in reality. Take for example CVS Caremark. This is what I found within their system: With one large employer, whose HDHP plan requires you to pay everything until you meet the deductible, generic lipitor for 90 days costs $13 Wi...
by kd2008
Sat Oct 29, 2016 1:46 am
Forum: Personal Finance (Not Investing)
Topic: Transfer USD to INR (from the US to India) - cheapest and most reliable method?
Replies: 6
Views: 685

Re: Transfer USD to INR (from the US to India) - cheapest and most reliable method?

Xoom.com is instant transfer to HDFC, PNB and Yes Bank and no fees over $1000, low daily limit of 3000 I think, 4 hours for other banks, first time verification may take a week, lower exchange rate. Other is https://www.ofx.com/en-us/ good rate, no fee over $5000 but takes 2 days. I have found xoom ...
by kd2008
Wed Oct 26, 2016 9:10 pm
Forum: Investing - Help with Personal Investments
Topic: HSA transfer question / Help
Replies: 6
Views: 575

Re: HSA transfer question / Help

https://thefinancebuff.com/how-to-rollo ... r-fee.html

Sometimes not doing trustee to trustee transfer is better. Please read the above article and comments. Manual rollover tolls once per 12 months with clock starting with the first rollover.
by kd2008
Tue Oct 25, 2016 1:38 pm
Forum: Investing - Help with Personal Investments
Topic: Lowest HSA Fees
Replies: 25
Views: 1898

Re: Lowest HSA Fees

No cash position will cost you some fees. Its up to you to decide.

Also read: https://thefinancebuff.com/hsa-transfer ... vices.html

https://thefinancebuff.com/best-hsa-pro ... money.html
by kd2008
Sun Oct 23, 2016 8:30 pm
Forum: Personal Finance (Not Investing)
Topic: Use of TransferWise to move money - my experience - your thoughts?
Replies: 18
Views: 1521

Re: Use of TransferWise to move money - my experience - your thoughts?

In my immigrant community xoom is popular. https://www.xoom.com/south-africa/send-money First time things are slow due to verification but subsequently things are fast as promised. Xoom offers same day transfers on many currencies. I take that over some promise of better exchange rate. Also exchange...
by kd2008
Fri Oct 21, 2016 5:59 am
Forum: Personal Finance (Not Investing)
Topic: Healthcare costs and self funding
Replies: 96
Views: 6616

Re: Healthcare costs and self funding

OP, I believe I understand what you are trying to suggest. People to do self insure in many parts of world, but it is not the case in many of the industrialized nations and not the case in the US. ACA does give you the option of buying just the catastrophic coverage. Basically, you pay everything ti...
by kd2008
Tue Oct 11, 2016 11:25 am
Forum: Investing - Theory, News & General
Topic: Highly compensated employee limits - 401k
Replies: 29
Views: 2610

Re: Highly compensated employee limits - 401k

HCE = Highly compensated employee IRS HCE limit is 120,000 for 2016. A 401k plan may simply accept this or stipulate that top 20% earners are HCE. Your boss/CEO is correct and well-informed. If you contributed more than 2% of average of non-HCE cohort, the excess amount may be refunded to pass the d...
by kd2008
Wed Oct 05, 2016 8:29 am
Forum: Investing - Theory, News & General
Topic: BlackRock Cuts Prices on ETFs
Replies: 62
Views: 5351

Re: BlackRock Cuts Prices on ETFs

This is a big deal. Blackrock is a giant that can take on Vanguard unlike others who are more wannabes. It is of course, great news for consumers. Thank you Jack!
by kd2008
Tue Oct 04, 2016 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: The Mega Backdoor Roth IRA
Replies: 401
Views: 120763

Re: The Mega Backdoor Roth IRA

My company allows us to contribute over the 18,000 limit. But it is unclear if they will allow me to roll it in to an IRA. per contribution section of my plan. "If your combined pre-tax and Roth contributions exceed the federal limit for a year (discussed earlier in Section ; for 2016, this li...
by kd2008
Wed Sep 28, 2016 11:02 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review Please! [2016 Edition]
Replies: 4
Views: 336

Re: Portfolio Review Please! [2016 Edition]

retiredjg wrote:What is going to happen with the after-tax account? Are you planning to roll it into Roth IRA or a regular basis? If not, I think I'd put the money into your taxable account instead.


Yes, I am allowed 2 withdrawals each year. I will be rolling it into Roth IRA.
by kd2008
Wed Sep 28, 2016 10:37 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review Please! [2016 Edition]
Replies: 4
Views: 336

Portfolio Review Please! [2016 Edition]

Thank you all for your great advice in the past that has enabled me to get a solid start. Emergency funds not included in asset allocation below No debt. Car and Condo paid off. Tax Filing Status: Single Tax Rate: Federal-25%, State-5% Age: 35 Desired Asset allocation: 80 Stocks/20 Bonds, 33% Intern...
by kd2008
Thu Sep 15, 2016 3:29 pm
Forum: Personal Consumer Issues
Topic: How much is your cell phone bill?
Replies: 236
Views: 19470

Re: How much is your cell phone bill?

Cricket $35/month will change to their $30 1GB plan on 9th. I do not pay anything as I have over $1500 account credit in referral and switcher credits and cricket rewards. I have maxed out my cricket rewards and referral credits for the year. So waiting for Jan. 1st to start again. I use a LG risio...
by kd2008
Tue Sep 13, 2016 2:44 pm
Forum: Investing - Theory, News & General
Topic: Countries holding gold among assets
Replies: 7
Views: 726

Re: Countries holding gold among assets

A country's currency can be manipulated and made worthless by hyperinflation - see Germany during the world war or recently Zimbabwe, Venezuela will join them soon. Geopolitical instabilities and sanctions can obliterate economies. Balance of payments crisis is typical see Iran recently and India in...
by kd2008
Mon Sep 12, 2016 4:54 pm
Forum: Personal Finance (Not Investing)
Topic: What shape is your net worth curve?
Replies: 45
Views: 6152

Re: What shape is your net worth curve?

y = 191,057.46781*(x^0.54559)

where x= 1,2,3 etc for Year = 2013,2014,2015 etc

R² = 1.00000
by kd2008
Wed Sep 07, 2016 8:22 am
Forum: Personal Consumer Issues
Topic: How much is your cell phone bill?
Replies: 236
Views: 19470

Re: How much is your cell phone bill?

Cricket $35/month will change to their $30 1GB plan on 9th. I do not pay anything as I have over $1500 account credit in referral and switcher credits and cricket rewards. I haved maxed out my crickerewards and referral credits for the year. So waiting for Jan. 1st to start again. I use a LG risio. ...
by kd2008
Tue Jun 28, 2016 11:14 am
Forum: Personal Consumer Issues
Topic: Your shopping strategy for new tires?
Replies: 123
Views: 8761

Re: Your shopping strategy for new tires?

discount tire direct Fourth of July sale is on I could get a set of tires for $83 after rebates (plus installation), if I needed them right now. Good tires too - Cooper CS5 ^that's $83 for FOUR tires. Costco can't touch that price, TireRack can't, WalMart can't, ... What tire size? http://www.disco...
by kd2008
Fri Jun 24, 2016 6:42 am
Forum: Investing - Theory, News & General
Topic: International stocks in free fall
Replies: 118
Views: 11424

Re: International stocks in free fall

Rotated from VTIAX to VFWAX in Jan to book losses. I rotated back in VTIAX last week and bought another 10K. :oops:

I am thinking of buying some more, but oh boy, those unrealized short term losses are going to sting for a while. I can't sell until mid August to keep my dividends qualified.
by kd2008
Thu Jun 16, 2016 4:20 pm
Forum: Personal Consumer Issues
Topic: Top 9"+ Tablets for cheap
Replies: 17
Views: 2137

Re: Top 9"+ Tablets for cheap

If you are in market for a new 8" tablet checkout 16GB LG G Pad X 8.0 WiFi + 4G LTE Tablet - it is a decent midlevel tablet released 2 weeks ago. It is free after mail in rebate. http://www.t-mobile.com/internet-devices/lg-g-pad-x-80.html Need to sign installment plan $10/month w/ credit check ...
by kd2008
Wed Jun 08, 2016 1:14 pm
Forum: Investing - Theory, News & General
Topic: 401k(s) are not the best way to save for retirement?
Replies: 57
Views: 6962

Re: 401k(s) are not the best way to save for retirement?

Most comprehensive posts you want to read and understand are the ones below, everything else, I mean everything is hot gas and baloney! https://thefinancebuff.com/case-against-roth-401k.html https://thefinancebuff.com/roth-401k-for-people-who-contribute-max.html https://www.bogleheads.org/forum/view...
by kd2008
Fri Jun 03, 2016 12:07 pm
Forum: Investing - Theory, News & General
Topic: International stocks underperformed for the last 20 years.
Replies: 136
Views: 11805

Re: International stocks underperformed for the last 20 years.

This is what a growth chart looks like from Portfolio Visualizer for someone who invested $10,000 each year over the past 20 years http://i64.tinypic.com/ofyja.png Portfolio 1 100% Total Stock Market VTSMX Portfolio 2 80% / 20% Total International VGTSX Portfolio 3 50%/50% Thanks for the visual - t...
by kd2008
Fri Jun 03, 2016 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Early retirement and opportunity cost, by Harry Sit
Replies: 144
Views: 13762

Re: Early retirement and opportunity cost, by Harry Sit

When I have what I need to sustain the lifestyle I want then that is it for me. And when you don't? Should you settle with what you have and take time over money as you say you would any day? Harry, your article has been extremely thought provoking. Thank you for sharing it with us. Nearly everyone...
by kd2008
Sat May 28, 2016 6:57 am
Forum: Personal Consumer Issues
Topic: Traveling through Albuquerque - safe to stop?
Replies: 50
Views: 5576

Re: Traveling through Albuquerque - safe to stop?

Say what now? Is this a bad joke? ABQ is like any other city in the US. Yes, there may be crime but it is an awesome city.
by kd2008
Mon May 23, 2016 3:48 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard advisor at 0.03% [actually 0.3%]
Replies: 53
Views: 8749

Re: Vanguard advisor at 0.03%

I am currently undergoing the consultation process. PAS is a high level service that is really robo-driven with the ability to talk to a real person. They do not offer to check my blind spots - am I adequately insured, do I have beneficiary designations and other things done right, how much would T...
by kd2008
Tue May 10, 2016 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: More House or More Investing?
Replies: 25
Views: 3024

Re: More House or More Investing?

I concur with posters pointing out that bigger house when both of you are working means more maintenance and less enjoyment. Simply because we have finite time and money at our disposal. Have a look at http://thefinancebuff.com/looking-at-the-big-financial-picture.html http://thefinancebuff.com/life...
by kd2008
Tue May 10, 2016 9:51 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard advisor at 0.03% [actually 0.3%]
Replies: 53
Views: 8749

Re: Vanguard advisor at 0.03%

I am currently undergoing the consultation process. PAS is a high level service that is really robo-driven with the ability to talk to a real person. They do not offer to check my blind spots - am I adequately insured, do I have beneficiary designations and other things done right, how much would TL...
by kd2008
Mon May 02, 2016 4:48 pm
Forum: Investing - Help with Personal Investments
Topic: Revisiting “Could I retire…. next week?” two years later
Replies: 12
Views: 3781

Re: Revisiting “Could I retire…. next week?” two years later

Hi Dwayne, I am way inexperienced and too junior to offer advice. But here are my answers: Would I be unwise to allow myself to spend $80,000 yearly? No. You can spend that amount. Just remember to account for taxes. With my desire to take approximately $100,000 out of my portfolio for use in moving...
by kd2008
Fri Apr 08, 2016 8:53 am
Forum: Personal Finance (Not Investing)
Topic: Transferring large sums to Indian NRI account for Fixed Deposit
Replies: 26
Views: 1964

Re: Transferring large sums to Indian NRI account for Fixed Deposit

I have FCNR deposits in India so I can speak about this a bit. Do not chase NRE interest rates. You are doing many mistakes: 0. Wiring dollars to India. Pay commission. 1. Converting dollars into rupees. Pay exchange rate costs. 2. Earning interest in Indian rupees. If it is a NRE FD no tax on inter...
by kd2008
Thu Mar 31, 2016 12:22 pm
Forum: Personal Consumer Issues
Topic: Car totaled in hail storm. Seeking advice to keep or total out
Replies: 15
Views: 1061

Re: Car totaled in hail storm. Seeking advice to keep or total out

Is $7800 > ($3200 + hailed damaged car as-is today)? If yes, total it. If no, keep it. Your supposed plan to trade-in in two years or its value in two years etc is not relevant to this transaction. Once you have made the decision to the question in first line, and you end up with a car, you then hav...
by kd2008
Thu Mar 31, 2016 10:06 am
Forum: Personal Finance (Not Investing)
Topic: Financially, how have you done/doing vs. your parents?
Replies: 134
Views: 12544

Re: Financially, how have you done/doing vs. your parents?

Pardon me, but I do not get these stories. Correct me if I am wrong: Does the title of the question imply this? If your parents were financially X in relation to their cohorts, are you greater than X (appropriately adjusted to now) in relation to your cohorts. I do not understand the point of saying...
by kd2008
Wed Dec 02, 2015 6:05 pm
Forum: Personal Consumer Issues
Topic: Boglehead cell phone strategy
Replies: 143
Views: 18573

Re: Boglehead cell phone strategy

Do you need to use that actual phone on AT&T service or can you use a different phone? My wife has cricket now and will probably do this for the upgrade. I would port my # from page plus to AT&T for the service.. would I be able to: 1) Unlock this phone 2) Use the SIM from this phone in her...
by kd2008
Tue Nov 24, 2015 5:58 pm
Forum: Personal Finance (Not Investing)
Topic: GEICO Umbrella- Almost Too Good to be True
Replies: 36
Views: 4987

Re: GEICO Umbrella- Almost Too Good to be True

OP, what state are you in? I have auto, condo & umbrella with GEICO and I do not get bundling discount for umbrella, just for condo.
by kd2008
Fri Nov 20, 2015 7:40 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio review please! [2015 Edition]
Replies: 4
Views: 689

Re: Portfolio review please! [2015 Edition]

Thank you Dulocracy for your kind words. It was quite a path to get here. Retiredjg, thank you for your wisdom. Last time I tax loss harvested was in 2011 and I pretty much made up my mind that it was not my thing. I rather funnel more money in when markets are down. But I know I cannot be too certa...
by kd2008
Fri Nov 20, 2015 1:23 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio review please! [2015 Edition]
Replies: 4
Views: 689

Portfolio review please! [2015 Edition]

Thank you all for your great advice in the past that has enabled me to get a solid start. Emergency funds = 10 months worth of expenses not included in asset allocation below Debt: Mortgage paid off. Car: 2.7K@ 0% for 9 mon.remaining Tax Filing Status: Single Tax Rate: Federal-25%, State-5.25% Age: ...
by kd2008
Sat Oct 24, 2015 5:24 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage Payoff Bungled by Lender
Replies: 29
Views: 3783

Re: Mortgage Payoff Bungled by Lender

Contact CFPB at http://www.consumerfinance.gov/complaint/ with your complaint and proof. All will be sorted out much quicker than any other avenue.
by kd2008
Fri Oct 23, 2015 9:25 pm
Forum: Personal Finance (Not Investing)
Topic: What are your 2 retirement numbers?
Replies: 260
Views: 30152

Re: What are your 2 retirement numbers?

All these posts brought a wry smile to my face. I am an engineer and a numbers guy. Few years back I wanted to know what was my number for retirement. I was disappointed to learn it involved all kinds of assumptions about future. That was when I had my aha moment. I was ok with an uncertain future a...

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