Search found 144 matches

by pasadena
Sun Jul 23, 2017 9:10 am
Forum: Personal Finance (Not Investing)
Topic: non-resident alien(UK), convert IRA to Roth, tax ?
Replies: 43
Views: 5391

Re: non-resident alien(UK), convert IRA to Roth, tax ?

As an update to the final posting on the above thread... two weeks ago I successfully converted $4,050 of my 401k into a Roth IRA at Vanguard with no tax withholding or other unexpected or unwanted issues. Everything had to be done by paper, which was a bit of a nuisance, but I suspect the reason f...
by pasadena
Sat Jul 22, 2017 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: What's your personal savings rate?
Replies: 132
Views: 9560

Re: What's your personal savings rate?

I save ~15% of my gross income (401(k) and HSA) - maxing out both. I don't count employer match in my income or in my savings rate. THEN I save ~35 to 45% of my take-home income, depending on whether or not I have overtime. This is divided between savings, backdoor Roth, and brokerage accounts. My m...
by pasadena
Wed Jul 19, 2017 8:02 pm
Forum: Personal Finance (Not Investing)
Topic: Capital One $400 bonus for new checking account
Replies: 78
Views: 10164

Re: Capital One $400 bonus for new checking account

Still waiting for my bonus, did two transfers from my brick and mortar bank and my Capital One savings account, the last transaction cleared on 6/30. Transfers need to post as direct deposits. I had to do it from Vanguard - brick and mortar back didn't work, and I don't think CO savings would work ...
by pasadena
Wed Jul 19, 2017 8:01 pm
Forum: Personal Finance (Not Investing)
Topic: Capital One $400 bonus for new checking account
Replies: 78
Views: 10164

Re: Capital One $400 bonus for new checking account

Opened on 6/19. $250 from Ally and $250 from my employer DD 6/30. No Bonus Additional DD of $250 from employer on 7/14. No Bonus. I never did activate my debit card. I'm debating sending them a vague message asking. I didn't activate mine either. If your second DD cleared last Friday, you should at...
by pasadena
Wed Jul 19, 2017 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: Those Of You In a HCOLA - What's Your Financial Plan
Replies: 55
Views: 4869

Re: Those Of You In a HCOLA - What's Your Financial Plan

I live in LA. My personal situation is quite different from yours, though. I'm older (early 40's), so I do earn quite a bit more, and single. But if you want a datapoint, here's mine. Income : a bit under $140k. Take home pay is ~$5,600 (after taxes, HSA, health insurance, 401(k)) 401(k) : Maxed Out...
by pasadena
Sun Jul 16, 2017 11:06 am
Forum: Investing - Help with Personal Investments
Topic: Hello there [question about savings]
Replies: 10
Views: 860

Re: Hello there [question about savings]

There's an old Warren Buffett quote, "Don't save what's left after you spend. Spend what's left after you save." This, right there, is what changed my financial life forever. Not the quote itself, but the idea behind it. My finances made a complete turnaround when I finally did this and s...
by pasadena
Sat Jul 15, 2017 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: Leaving California, will I be taxed?
Replies: 11
Views: 1286

Re: Leaving California, will I be taxed?

California cannot tax no-residents on their non-California income . However, the trap lays in how California defines "resident". They can (and from what I've read, will) come after you if they can find *any* tie to CA. So in order to avoid that, you must sever all ties. Since you don't own...
by pasadena
Sat Jul 08, 2017 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: How much of an increase of salary would you expect before switching jobs?
Replies: 94
Views: 6531

Re: How much of an increase of salary would you expect before switching jobs?

If this is their first offer, then they are most probably expecting you to counter. Now, what you want to negotiate on is up to you, but whatever you do, know exactly what you're willing to accept or not. - Vacations : in some companies, it's really easy to negotiate an additional week. In others it...
by pasadena
Sat Jul 08, 2017 12:06 am
Forum: Personal Finance (Not Investing)
Topic: Capital One $400 bonus for new checking account
Replies: 78
Views: 10164

Re: Capital One $400 bonus for new checking account

Another data point. Got the bonus. Not targeted, nor in the area. Used Vanguard to trigger the bonus. Bonus showed up 1 day after the 2nd deposit from VG. Same for me. It took 10 days for VG to add the external account (3 days for the micro-deposits to post, then 7 days for them to approve the acco...
by pasadena
Thu Jul 06, 2017 10:23 pm
Forum: Personal Finance (Not Investing)
Topic: What is a Normal Spending Percentage of Take-Home Pay?
Replies: 29
Views: 2421

Re: What is a Normal Spending Percentage of Take-Home Pay?

Your question is weird. By definition, what you don't spend is saved, right ? I consider savings to be "everything left", so my net is $0. Also, how do you count 401(k) as part of your take-home pay ? Since you ask for numbers, my take-home pay (gross minus 401(k), HSA, health insurance an...
by pasadena
Wed Jul 05, 2017 10:21 pm
Forum: Personal Finance (Not Investing)
Topic: For those of you who handle all the finances, how do you keep your spouse "in the know"
Replies: 54
Views: 5458

Re: For those of you who handle all the finances, how do you keep your spouse "in the know"

I don't have a spouse, but I set it all up so my sister can access everything if anything happens to me. All my account info (login info, but also account numbers and bank details, my 401(k), all my insurances, even the cats' chip numbers.) are in 1password. I like it because I can use it on both Ma...
by pasadena
Mon Jul 03, 2017 11:28 am
Forum: Personal Finance (Not Investing)
Topic: Unfounded Fear?
Replies: 16
Views: 1472

Re: Unfounded Fear?

Note that if they are on H-2B visas those are tied to a particular employer. Not sure how easy it would be to get a green card with that visa, either. It doesn't really matter here, but in IT, it's most probably H1-B visas. If this is the case, and these people lose their jobs, then they would have...
by pasadena
Sun Jul 02, 2017 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: People who receive employer 401k contributions, how is it accounted on paystubs?
Replies: 28
Views: 2128

Re: People who receive employer 401k contributions, how is it accounted on paystubs?

Mine appear in a section called "Employer Paid Benefits", along with their health and life insurance contributions. It's labeled "401K ER Ctrb USP1" and is not counted in the tax base of anything.
by pasadena
Sat Jul 01, 2017 7:50 pm
Forum: Personal Finance (Not Investing)
Topic: Ally raised their savings account rate to 1.15%
Replies: 18
Views: 2890

Re: Ally raised their savings account rate to 1.15%

But remember that another option to their savings account is their 11 month no penalty for early withdrawal CD at 1.50%. If you have $25,000 to save, yes, it's a good option. As long as you have $5,000 to save, the Ally no-penalty CD is still better at 1.25% for $5,000 - $24,999.99 balances. I'm tr...
by pasadena
Sat Jul 01, 2017 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: Those who max 401k
Replies: 55
Views: 6742

Re: Those who max 401k

I don't understand. Do you mean why not have another Ira on the side with $5k/year? The maximum 401k is $18k. The $18k (24k, if age 50 or over) is the maximum Tax-deferred contribution limit. The IRS allows up 54k (60k, if age 50 or over) to be contributed (combined employee + employer) to a 401k. ...
by pasadena
Fri Jun 30, 2017 8:16 pm
Forum: Personal Finance (Not Investing)
Topic: Ally raised their savings account rate to 1.15%
Replies: 18
Views: 2890

Re: Ally raised their savings account rate to 1.15%

brak wrote:But remember that another option to their savings account is their 11 month no penalty for early withdrawal CD at 1.50%.


If you have $25,000 to save, yes, it's a good option.
by pasadena
Fri Jun 30, 2017 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: Ally raised their savings account rate to 1.15%
Replies: 18
Views: 2890

Ally raised their savings account rate to 1.15%

I apologize if this has already been reported, but I didn't see a post. Ally has raised their savings account rate to 1.15% today, up from 1.05%. Mine doesn't reflect it yet, but the chat rep said it would show the increased rate by the end of the day / tomorrow. https://www.ally.com/bank/view-rates...
by pasadena
Tue Jun 27, 2017 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: Capital One 360 $200 bonus (and now $300 checking bonus)
Replies: 217
Views: 24117

Re: Capital One 360 $200 bonus

I'm still waiting for Vanguard to approve the new bank account. Hopefully it doesn't take them a week (I validated the test deposits this morning). My transfer from HSBC was coded as P2P so it didn't work. Vanguard took 8 days to approve the new bank after I have confirmed the two micro-deposits. T...
by pasadena
Tue Jun 27, 2017 7:15 pm
Forum: Personal Finance (Not Investing)
Topic: Capital One 360 $200 bonus (and now $300 checking bonus)
Replies: 217
Views: 24117

Re: Capital One 360 $200 bonus

VA resident. I got my $200 bonus for the MM, and now I am waiting for the $400 for the checking. My transfers from PenFed and NavyFed did not qualify for the bonus, and now I am waiting for the Vanguard transfers to get through. Victoria I'm still waiting for Vanguard to approve the new bank accoun...
by pasadena
Fri Jun 23, 2017 8:36 pm
Forum: Personal Finance (Not Investing)
Topic: Can you share some of your financial goals?
Replies: 69
Views: 7573

Re: Can you share some of your financial goals?

I was too late to the game for FI, but my goals are : 1) Peace of mind - have enough money to weather any storm life may throw at me 2) Buy a home - hopefully in ~2 years. It'll be my first, and I'll be 45 years old. Talk about starting late :wink: 3) See 1. Basically, my long-term goal is to be fin...
by pasadena
Fri Jun 23, 2017 7:59 pm
Forum: Personal Finance (Not Investing)
Topic: Capital One $400 bonus for new checking account
Replies: 78
Views: 10164

Re: Capital One $400 bonus for new checking account

I opened one a few days ago, but I've yet to make a qualifying DD. My next paycheck is next Friday, so unless transfers from HSBC work (which I doubt), I will have to wait another 3 weeks+ before I see if it works.
by pasadena
Thu Jun 22, 2017 7:02 pm
Forum: Personal Finance (Not Investing)
Topic: Sending money and confirming receipt?
Replies: 18
Views: 1185

Re: Sending money and confirming receipt?

I use PopMoney (via Ally) to pay my rent. I get an email when my landlord accepts the transfer.
by pasadena
Thu Jun 22, 2017 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: Capital One 360 $200 bonus (and now $300 checking bonus)
Replies: 217
Views: 24117

Re: Capital One 360 $200 bonus

Guys - do you think I still take advantage of the $200 bonus offer? I was not targeted for this promotion. I have been monitoring this thread for awhile and it seems as if people were getting their bonus more quickly earlier on in the promotion as compared to now. Can anyone attest? EDIT: Went ahea...
by pasadena
Thu Jun 22, 2017 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: Capital One 360 $200 bonus (and now $300 checking bonus)
Replies: 217
Views: 24117

Re: Capital One 360 $200 bonus

I just opened an account and used the code. While the code box turned green, and I got no error, I also didn't see any confirmation (I may have missed it). So I contacted them by chat and was told this was a targeted offer. I'm not even sure she actually checked my account. I will let the transfer ...
by pasadena
Sun Jun 18, 2017 9:02 am
Forum: Investing - Help with Personal Investments
Topic: Options for Saving for a First-Home Down Payment
Replies: 25
Views: 1817

Re: Options for Saving for a First-Home Down Payment

I will fund & max the ROTH first. Then, the rest will go to any high yield CD. If a good house come by, I can always it out from the CD. Unless you already have money, a CD might not work - you have to fund it and leave it. c I totally disagree with the "You can't add money to an existing ...
by pasadena
Sat Jun 17, 2017 8:33 pm
Forum: Investing - Help with Personal Investments
Topic: Options for Saving for a First-Home Down Payment
Replies: 25
Views: 1817

Re: Options for Saving for a First-Home Down Payment

Hawaiishrimp wrote:I will fund & max the ROTH first. Then, the rest will go to any high yield CD. If a good house come by, I can always it out from the CD.


Unless you already have money, a CD might not work - you have to fund it and leave it. You can't add money to an existing CD
by pasadena
Sat Jun 17, 2017 12:49 pm
Forum: Investing - Help with Personal Investments
Topic: Ally Bank No penalty CD for parking cash, is there a catch?
Replies: 37
Views: 4940

Re: Ally Bank No penalty CD for parking cash, is there a catch?

Looking at parking a fairly large amount of (newly acquired) cash that I will need to start drawing in about 9-12, to finance construction of a home. I was originally planning on just parking it in one of the higher yielding savings accounts currently available (Synchrony, Ally). But, then i notice...
by pasadena
Wed Jun 14, 2017 9:28 am
Forum: Personal Finance (Not Investing)
Topic: Capital One 360 $200 bonus (and now $300 checking bonus)
Replies: 217
Views: 24117

Re: Capital One 360 $200 bonus

I just opened an account and used the code. While the code box turned green, and I got no error, I also didn't see any confirmation (I may have missed it). So I contacted them by chat and was told this was a targeted offer. I'm not even sure she actually checked my account. I will let the transfer ...
by pasadena
Tue Jun 13, 2017 11:14 am
Forum: Personal Finance (Not Investing)
Topic: Capital One 360 $200 bonus (and now $300 checking bonus)
Replies: 217
Views: 24117

Re: Capital One 360 $200 bonus

I just opened an account and used the code. While the code box turned green, and I got no error, I also didn't see any confirmation (I may have missed it). So I contacted them by chat and was told this was a targeted offer. I'm not even sure she actually checked my account. I will let the transfer g...
by pasadena
Sun Jun 11, 2017 12:41 am
Forum: Personal Finance (Not Investing)
Topic: Where do you keep your Savings?
Replies: 24
Views: 3325

Re: Where do you keep your Savings?

I have 2 - Emergency Fund and Roth IRA (where I save every month for my annual backdoor Roth conversion). If I need to save for short-term big ticket items, like a vacation, or a new computer, I use another account. Same thing if my car was old enough to warrant saving for replacement, or if I owned...
by pasadena
Sat Jun 10, 2017 12:13 pm
Forum: Investing - Help with Personal Investments
Topic: Resident Alien Expatriating / 401k & VG taxable account - UK/US
Replies: 33
Views: 2083

Re: Resident Alien Expatriating / 401k & VG taxable account - UK/US

Glad that somebody else found it useful. If you do consult with him I'd be interested to hear how it was. I've considered paying for a consultation to run my plans past him and get a stamp of approval or suggestions for changes. I can do all the filings and such myself but I'd like to make sure tha...
by pasadena
Thu Jun 08, 2017 4:00 am
Forum: Investing - Help with Personal Investments
Topic: Resident Alien Expatriating / 401k & VG taxable account - UK/US
Replies: 33
Views: 2083

Re: Resident Alien Expatriating / 401k & VG taxable account - UK/US

Hyperborea wrote That sounds like it was my post. I have found the expatriation blog written by Phil Hodgen, an international tax lawyer, to be really helpful in these regards Thanks for finding this Hyperborea, I had the comment copy pasted into a document Im keeping to record this info, but it se...
by pasadena
Wed Jun 07, 2017 6:47 pm
Forum: Investing - Help with Personal Investments
Topic: Resident Alien Expatriating / 401k & VG taxable account - UK/US
Replies: 33
Views: 2083

Re: Resident Alien Expatriating / 401k & VG taxable account - UK/US

I understand that under the US/UK treaty, you are not subject to the 30% NRA withholding when doing that, but what about the early withdrawal penalty (assuming you're under 59.5 years old) ? It's a good question. And honestly, I have never found a satisfactory answer to this one. The treaty is comp...
by pasadena
Wed Jun 07, 2017 5:22 pm
Forum: Investing - Help with Personal Investments
Topic: Resident Alien Expatriating / 401k & VG taxable account - UK/US
Replies: 33
Views: 2083

Re: Resident Alien Expatriating / 401k & VG taxable account - UK/US

With luck I hope to have most of my 401k converted into a Roth IRA by the time I reach the stage at which RMDs would kick in. I have about ten years in which to accomplish that, and on current reckoning that would get me to 80-90% converted while staying within the US 15% bracket. I understand that...
by pasadena
Wed Jun 07, 2017 3:12 pm
Forum: Investing - Help with Personal Investments
Topic: Resident Alien Expatriating / 401k & VG taxable account - UK/US
Replies: 33
Views: 2083

Re: Resident Alien Expatriating / 401k & VG taxable account - UK/US

This thread is fascinating. I'm in a similar situation, albeit less complex as I do not have real estate, and will be under a different tax treaty (France, which is apparently much less advantageous than the UK one), but the information and background provided by TedSwippet is still invaluable.
by pasadena
Mon Jun 05, 2017 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: Drawbacks of being a resident alien living abroad
Replies: 38
Views: 1701

Re: Drawbacks of being a resident alien living abroad

Oh okay you got me there! Missed that. Ah, no worries. I understand the confusion now. You'd think they would publish a complete, current version, right ? Nope, you have to go through the original, the amendments, and if possible the "technical explanations", and make your own summary. I'...
by pasadena
Mon Jun 05, 2017 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: Drawbacks of being a resident alien living abroad
Replies: 38
Views: 1701

Re: Drawbacks of being a resident alien living abroad

] It states under article 18 that: except as provided in subparagraph (b), pensions and other similar remuneration, including distributions from pension and other retirement arrangements , derived and beneficially owned by a resident of a Contracting State in consideration of past employment, wheth...
by pasadena
Mon Jun 05, 2017 9:27 am
Forum: Personal Finance (Not Investing)
Topic: Drawbacks of being a resident alien living abroad
Replies: 38
Views: 1701

Re: Drawbacks of being a resident alien living abroad

Okay fair enough I see your point. Anyway the double tax treaty would consider you resident of France and as such the conversion taxable in France. France requires you to have a substantial presence in the USA to be considered a resident of the US. Someone must have tried this loophole already ;) A...
by pasadena
Mon Jun 05, 2017 9:17 am
Forum: Personal Finance (Not Investing)
Topic: Drawbacks of being a resident alien living abroad
Replies: 38
Views: 1701

Re: Drawbacks of being a resident alien living abroad

I believe that's correct. French income bumps you into a higher US tax bracket even though it isn't taxed. I didn't realize that until the IRS sent me a letter asking for money some years ago when I first moved overseas. It'd be interesting to compare what would happen with Ted. He'll probably have...
by pasadena
Mon Jun 05, 2017 8:28 am
Forum: Personal Finance (Not Investing)
Topic: Drawbacks of being a resident alien living abroad
Replies: 38
Views: 1701

Re: Drawbacks of being a resident alien living abroad

Well, this is interesting. The OP here is attempting a variation of what I plan to embark upon this year (except that I'm a full-on NRA). How practical is this, for her and for me? I believe I've read a few threads saying that when you're a UK resident (and a RA), you can even not pay taxes on it a...
by pasadena
Mon Jun 05, 2017 8:21 am
Forum: Personal Finance (Not Investing)
Topic: Drawbacks of being a resident alien living abroad
Replies: 38
Views: 1701

Re: Drawbacks of being a resident alien living abroad

Okay fair enough I see your point. Anyway the double tax treaty would consider you resident of France and as such the conversion taxable in France. France requires you to have a substantial presence in the USA to be considered a resident ,of the US. Someone must have tried this loophole already ;) ...
by pasadena
Mon Jun 05, 2017 2:17 am
Forum: Personal Finance (Not Investing)
Topic: Drawbacks of being a resident alien living abroad
Replies: 38
Views: 1701

Re: Drawbacks of being a resident alien living abroad

Okay fair enough I see your point. Anyway the double tax treaty would consider you resident of France and as such the conversion taxable in France. France requires you to have a substantial presence in the USA to be considered a resident of the US. Someone must have tried this loophole already ;) A...
by pasadena
Mon Jun 05, 2017 1:20 am
Forum: Personal Finance (Not Investing)
Topic: Pay off student loan, save for down payment, or save for retirement
Replies: 10
Views: 1282

Re: Pay off student loan, save for down payment, or save for retirement

I misread your first post. So you're saving 25% of your pre-tax income, but not all of that is going to tax-advantaged accounts, right ? So your problem is that you don't know what to do with your extra money. Well, you don't have to do anything. Your taxable isn't necessarily for retirement - it's ...
by pasadena
Sun Jun 04, 2017 11:35 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off student loan, save for down payment, or save for retirement
Replies: 10
Views: 1282

Re: Pay off student loan, save for down payment, or save for retirement

Do you have any savings or investments outside of your 401(k) ?
by pasadena
Sun Jun 04, 2017 10:08 pm
Forum: Personal Finance (Not Investing)
Topic: Drawbacks of being a resident alien living abroad
Replies: 38
Views: 1701

Re: Drawbacks of being a resident alien living abroad

I am not an immigration expert but per the OP they want to permanently leave. So all of my comments were based on that rather than the general rules. You simply do not lose your green card when leaving the US. It's not as simple as that. No but do you really want to risk assuming just because you h...
by pasadena
Sun Jun 04, 2017 7:57 pm
Forum: Personal Finance (Not Investing)
Topic: Drawbacks of being a resident alien living abroad
Replies: 38
Views: 1701

Re: Drawbacks of being a resident alien living abroad

pasadena, Why can't you do this over 2 years? Please noted that it may be done over a few months. But, as long as it is separated by a few months, it could be 2 separate tax years. << So if I can legally do this, why wouldn't I? Unless FATCA makes my life too miserable.>> Law could change to affect...
by pasadena
Sun Jun 04, 2017 7:31 pm
Forum: Personal Finance (Not Investing)
Topic: Drawbacks of being a resident alien living abroad
Replies: 38
Views: 1701

Re: Drawbacks of being a resident alien living abroad

OP, I do not understand why are you jumping through the hoop over this? It is only 140K. So, get your money out of 401K and pay the penalty while you are US resident. Do that for a calendar year that when you are about to leave. Then, you could decide to keep or get rid of your green card. Why is t...
by pasadena
Sun Jun 04, 2017 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: Drawbacks of being a resident alien living abroad
Replies: 38
Views: 1701

Re: Drawbacks of being a resident alien living abroad

You simply cannot reside abroad and keep your green card status. Normally if you are out of the USA for a year you will be deemed to have abandoned your green card. However you can be out of the USA for 2 years with the intention of returning by having a re-entry permit. Even then your subsequent a...
by pasadena
Sun Jun 04, 2017 7:01 pm
Forum: Personal Finance (Not Investing)
Topic: Drawbacks of being a resident alien living abroad
Replies: 38
Views: 1701

Re: Drawbacks of being a resident alien living abroad

You simply cannot reside abroad and keep your green card status. Normally if you are out of the USA for a year you will be deemed to have abandoned your green card. However you can be out of the USA for 2 years with the intention of returning by having a re-entry permit. Even then your subsequent a...
by pasadena
Sun Jun 04, 2017 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: Drawbacks of being a resident alien living abroad
Replies: 38
Views: 1701

Re: Drawbacks of being a resident alien living abroad

Do understand that your income in France will be used to determined your tax bracket even though it is excluded from US taxation. This means that if you have over $50k ($40k to the top of the 15% bracket + $4k personal exemption + $6k standard deduction) in total for French and US income, that your...

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