Search found 140 matches

by radnor
Sun Dec 10, 2017 1:19 am
Forum: Investing - Theory, News & General
Topic: Tax reform and mega backdoor Roth
Replies: 4
Views: 732

Tax reform and mega backdoor Roth

Does anyone know how tax reform will affect one's ability to do this?
by radnor
Tue Dec 05, 2017 9:30 am
Forum: Personal Consumer Issues
Topic: Valuing today's money in terms of future invested value?
Replies: 6
Views: 264

Re: Valuing today's money in terms of future invested value?

lthenderson wrote: ↑
Tue Dec 05, 2017 9:26 am
FV=PV(1+rate of return)^n (number of periods)

So in your case 4000(1.07)^39 = $55,979
Hah, I must have typed it in to my calculator wrong. Still, though...
by radnor
Tue Dec 05, 2017 9:16 am
Forum: Personal Consumer Issues
Topic: Valuing today's money in terms of future invested value?
Replies: 6
Views: 264

Valuing today's money in terms of future invested value?

I've been thinking about spending $4,000 on a luxury item / "toy" (e.g. a gaming PC). $4,000 is a relatively small portion of my income and I am already saving/investing more than 50%, so I can technically afford it. However, I am thinking about what it would be worth in around 40 years, when I reti...
by radnor
Sat Nov 11, 2017 6:42 pm
Forum: Investing - Help with Personal Investments
Topic: Mega backdoor Roth - do both employer contributions and matching count toward the annual limit?
Replies: 5
Views: 478

Re: Mega backdoor Roth - do both employer contributions and matching count toward the annual limit?

I am trying to maximize my mega backdoor Roth for 2017, and understand that the total combined 2017 IRS limit for all employee 401k contributions (including pre-tax, Roth, and, of course, after-tax) plus employer contributions/matching is $54,000 (by the way, I've never actually seen an official IR...
by radnor
Sat Nov 11, 2017 12:50 pm
Forum: Investing - Help with Personal Investments
Topic: Mega backdoor Roth - do both employer contributions and matching count toward the annual limit?
Replies: 5
Views: 478

Mega backdoor Roth - do both employer contributions and matching count toward the annual limit?

I am trying to maximize my mega backdoor Roth for 2017, and understand that the total combined 2017 IRS limit for all employee 401k contributions (including pre-tax, Roth, and, of course, after-tax) plus employer contributions/matching is $54,000 (by the way, I've never actually seen an official IRS...
by radnor
Sat Nov 04, 2017 6:45 pm
Forum: Investing - Help with Personal Investments
Topic: How to keep track of Roth cost basis with regard to rollovers?
Replies: 3
Views: 604

How to keep track of Roth cost basis with regard to rollovers?

I may in the future withdraw some of my Roth contributions, as is allowed by IRS rules. In terms of actually knowing what percentage of my total Roth money is composed of contributions: * For regular/direct yearly contributions, this is trivial, as my broker (obviously) keeps the records of my contr...
by radnor
Wed Nov 01, 2017 6:54 am
Forum: Personal Finance (Not Investing)
Topic: Switching to HSA health plan in middle of 2018 - can I open an HSA now?
Replies: 6
Views: 515

Switching to HSA health plan in middle of 2018 - can I open an HSA now?

I'll be turning 26 in August 2018, when I will switch from my parent's health plan to the HSA-based one being offered at my work (I believe that this is fine, since turning 26 is a "qualifying event," right?). My question is: can/should I open an HSA at some point before that? I just want to make su...
by radnor
Wed Oct 25, 2017 7:29 pm
Forum: Personal Finance (Not Investing)
Topic: Switching health insurance mid-year?
Replies: 6
Views: 585

Re: Switching health insurance mid-year?

2) Can you define what you mean by an "inferior" HDHP/HSA plan? Is the issue that the premiums aren't much less but that there's a much higher deductible, or just that it does have the very high deductible? Many people here like HDHP/HSA plans due to the HSA's ability to serve as a savings vehicle,...
by radnor
Wed Oct 25, 2017 8:03 am
Forum: Personal Finance (Not Investing)
Topic: Switching health insurance mid-year?
Replies: 6
Views: 585

Switching health insurance mid-year?

I'm currently on my father's health insurance (that he receives through his job), but will turn 26 in August 2018, upon which point I will no longer be able to be on his plan. My own employer's benefits open enrollment period has started, and they only offer (inferior) high-deductible HSA-based plan...
by radnor
Fri Oct 20, 2017 7:42 pm
Forum: Personal Finance (Not Investing)
Topic: Should I apply for financial aid if my company reimburses tuition?
Replies: 10
Views: 855

Should I apply for financial aid if my company reimburses tuition?

I'll be going to grad school part time next year (hopefully...), and my company reimburses tuition. I was wondering if it would be the "right" thing to do to apply for financial aid so that the company doesn't spend as much money.
by radnor
Sun Oct 08, 2017 9:54 am
Forum: Personal Consumer Issues
Topic: Goldman Sachs Bank website always down?
Replies: 1
Views: 405

Goldman Sachs Bank website always down?

It seems to be "under maintenance" about 70% of the time. I was going to open a 2.45% CD with them, but this caused me to change my mind. I guess that I'm just venting.
by radnor
Mon Sep 25, 2017 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: Was an authorized user on parent's credit card from 2012 to 2014 - should this show up on my credit report?
Replies: 6
Views: 893

Was an authorized user on parent's credit card from 2012 to 2014 - should this show up on my credit report?

From 2012 to 2014, I was an authorized user on my father's credit card (he opened it in 2001 and it is still open). This doesn't show up at all on my Equifax or TransUnion credit reports, but it does show up as a "current" card (listed as opened in 2001) on my Experian report. My question is: should...
by radnor
Mon Sep 04, 2017 8:53 am
Forum: Investing - Theory, News & General
Topic: Do fund growth charts take into account distributions / dividends?
Replies: 3
Views: 387

Do fund growth charts take into account distributions / dividends?

Does a growth / historical value chart for a fund like Vanguard's Total Bond Market Fund (VBMFX) include only the price of the shares, or does it take into account the actual distributions as well? Similarly, what about charts for stock funds and dividends?
by radnor
Sat Sep 02, 2017 6:47 pm
Forum: Investing - Help with Personal Investments
Topic: Vangard Index Fund through Merrill Edge
Replies: 26
Views: 2236

Re: Vangard Index Fund through Merrill Edge

Why not open a Vanguard IRA instead?
by radnor
Fri Sep 01, 2017 7:47 am
Forum: Investing - Help with Personal Investments
Topic: What happens if I over-contribute on a mega-backdoor Roth?
Replies: 2
Views: 360

What happens if I over-contribute on a mega-backdoor Roth?

I've maxed out my pre-tax 401k ($18k) and am currently contributing to a mega-backdoor Roth IRA (i.e., make after-tax 401k contributions, and then roll them over to a Roth IRA). What happens if I accidentally overrun the $54k total me+employer contribution limit for this year?
by radnor
Sat Aug 12, 2017 1:03 pm
Forum: Investing - Help with Personal Investments
Topic: Asset allocation and tax treatment
Replies: 5
Views: 588

Asset allocation and tax treatment

My current asset allocation is 60% U.S. stocks and 40% international stocks. However, I hold different parts of my portfolio in pre-tax, Roth, and taxable accounts. Since, for example, Roth money is "more valuable" (since it has already been taxed) than pre-tax money, should I try to take this into ...
by radnor
Tue Aug 01, 2017 7:37 pm
Forum: Investing - Help with Personal Investments
Topic: Any issues with rollovers from Fidelity to Vanguard?
Replies: 19
Views: 1519

Re: Any issues with rollovers from Fidelity to Vanguard?

The number one danger in any transfer is being forced to cash, and being out of the market. Transfer in kind whenever possible, but I realize sometimes it's just not possible, in which case you want to minimize time out, maybe break into smaller chunks, and try to forsee any screwups before they ha...
by radnor
Tue Jul 11, 2017 6:59 pm
Forum: Investing - Help with Personal Investments
Topic: So I found an ETF with an over-9% expense ratio...
Replies: 11
Views: 1132

Re: So I found an ETF with an over-9% expense ratio...

LiveSimple wrote:Dealing with Business development companies.

Sailing there are all these company yachts !!!

By the way, how do you land on this "Gold Mine" :oops:
I did a web search for "highest mutual fund expense ratios" out of sheer boredom. :D
by radnor
Tue Jun 27, 2017 7:50 am
Forum: Investing - Help with Personal Investments
Topic: Advice for relative with mostly cash and 7-10 years to retirement?
Replies: 25
Views: 2316

Re: Advice for relative with mostly cash and 7-10 years to retirement?

whodidntante wrote:What's the reason this person has so much cash? Is it ignorance of better options? Distrust of those options? Extreme risk aversion?
It's mostly distrust of the stock market in general and a high degree of risk aversion.
by radnor
Sat Jun 24, 2017 7:21 pm
Forum: Investing - Help with Personal Investments
Topic: Advice for relative with mostly cash and 7-10 years to retirement?
Replies: 25
Views: 2316

Re: Advice for relative with mostly cash and 7-10 years to retirement?

I could not ethically encourage somebody to use a financial advisor if they were expressing interest in managing their own finances. That said, you are right to step out of the process. Give them the Bogleheads book, warn them about the consequences to their portfolio if the market crashes, etc. Te...
by radnor
Sat Jun 24, 2017 5:14 pm
Forum: Investing - Help with Personal Investments
Topic: Advice for relative with mostly cash and 7-10 years to retirement?
Replies: 25
Views: 2316

Advice for relative with mostly cash and 7-10 years to retirement?

I have a relative who has about $400k, about 75% of which is cash. I've managed to successfully convince them that they need more stocks and bonds, and, roughly following the allocation of the relevant Vanguard target retirement funds, naively suggested something like $175K stocks, $175K bonds, and ...
by radnor
Fri Jun 23, 2017 8:01 pm
Forum: Personal Consumer Issues
Topic: Part-time computer science graduate schools in Boston area?
Replies: 26
Views: 2571

Re: Part-time computer science graduate schools in Boston area?

I took night and online classes at Harvard Extension, but it was >10 years ago. Most classes are not taught by Harvard faculty, but by a practicing professional rather than a professor. They are also more practical (less theoretical) than the classes you would take in an undergraduate or graduate C...
by radnor
Wed Jun 21, 2017 8:18 pm
Forum: Personal Consumer Issues
Topic: Part-time computer science graduate schools in Boston area?
Replies: 26
Views: 2571

Re: Part-time computer science graduate schools in Boston area?

Check out Georgia Tech's online Computer Science Master's program. If you're going to get a degree, it might as well be from one of the top CS schools in the country. The online master's is equivalent to the on campus version, there is no distinction in the diploma awarded, and you can even walk in...
by radnor
Wed Jun 21, 2017 7:58 pm
Forum: Personal Consumer Issues
Topic: Part-time computer science graduate schools in Boston area?
Replies: 26
Views: 2571

Re: Part-time computer science graduate schools in Boston area?

Oh, I should have mentioned that my employer does re-imburse tuition, so cost is not a factor.
by radnor
Mon Jun 19, 2017 5:45 pm
Forum: Personal Consumer Issues
Topic: Part-time computer science graduate schools in Boston area?
Replies: 26
Views: 2571

Part-time computer science graduate schools in Boston area?

I live near Boston and want to take evening and/or online classes for a computer science M.S. So far, I've looked at: Tufts Northeastern (College of Professional Studies) (which does not appear to have C.S. as a graduate major) Harvard (Extension School) (which apparently bills its degrees as "Maste...
by radnor
Mon May 15, 2017 6:49 pm
Forum: Personal Consumer Issues
Topic: Checking account bonus churning and security clearance?
Replies: 4
Views: 685

Checking account bonus churning and security clearance?

Let's say that I will be applying for a security clearance soon; should I abstain from checking account bonus churning (i.e., open account, perform required actions, receive bonus, close account), or do they not care? I realize that this is a very specific question, but am asking just in case anyone...
by radnor
Sat May 13, 2017 6:24 am
Forum: Personal Finance (Not Investing)
Topic: Are bank test deposits taxable?
Replies: 22
Views: 2897

Re: Are bank test deposits taxable?

Earlier this year, I linked a second bank account with my main account, and my main bank made (but did not ever withdraw) two test deposits totaling $0.22. Will I need to report this on my 2017 taxes? They take it back so I would say no. Nope, my bank didn't (and even confirmed that they wouldn't).
by radnor
Fri May 12, 2017 6:36 pm
Forum: Personal Finance (Not Investing)
Topic: Are bank test deposits taxable?
Replies: 22
Views: 2897

Re: Are bank test deposits taxable?

douginct wrote:
Eagle4Life wrote:Is this thread a joke?
I sure hope so.
This thread is 95% joke.
by radnor
Thu May 11, 2017 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: Are bank test deposits taxable?
Replies: 22
Views: 2897

Re: Are bank test deposits taxable?

Generally speaking companies aren't required to issue 1099's for payments to people under $600, and I doubt they report anything to the IRS that doesn't have a 1099 issued for. So basically you're on the honor system here. From a practical POV I believe everything on your taxes is rounded to the ne...
by radnor
Thu May 11, 2017 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: Are bank test deposits taxable?
Replies: 22
Views: 2897

Are bank test deposits taxable?

Earlier this year, I linked a second bank account with my main account, and my main bank made (but did not ever withdraw) two test deposits totaling $0.22. Will I need to report this on my 2017 taxes?
by radnor
Wed May 10, 2017 5:54 pm
Forum: Investing - Help with Personal Investments
Topic: Is the expense ratio fee amount shown on my 401k statement?
Replies: 2
Views: 371

Re: Is the expense ratio fee amount shown on my 401k statement?

You're talking about the expense ratio of the fund that you chose to invest in, right? If so, yes, that would be "built-in" to the fund's share price and not listed separately.
by radnor
Sat May 06, 2017 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: Should I pay my entire credit card balance if I have 0% APR?
Replies: 4
Views: 487

Should I pay my entire credit card balance if I have 0% APR?

I recently got a credit card that includes a 6-month 0% APR promotion. I definitely can (and always do) simply pay off the entire statement balance each month, but was wondering if, given the promotion, could I somehow benefit from only paying the minimum?
by radnor
Fri May 05, 2017 4:57 pm
Forum: Investing - Help with Personal Investments
Topic: Advice for someone 5-10 years away from retirement?
Replies: 1
Views: 524

Advice for someone 5-10 years away from retirement?

I'm advising a friend on how to re-allocate their money from mostly cash to something resembling the Vanguard Target Retirement 2020 fund. Just as a sanity check, it's reasonable for me to suggest that they put nearly all their money into stocks and bonds (in proportions approximately equivalent to ...
by radnor
Tue May 02, 2017 6:00 pm
Forum: Investing - Theory, News & General
Topic: What do bond returns actually look like?
Replies: 19
Views: 3467

What do bond returns actually look like?

Does a bond fund just constantly spit out interest payments? What about an individual bond?
Does does price/NAV usually change significantly?
And is there a difference in what an investor sees in a 401k or IRA vs. a taxable account?

Thanks!
by radnor
Sat Apr 22, 2017 10:34 am
Forum: Personal Consumer Issues
Topic: Six pack for barbecue?
Replies: 77
Views: 6606

Six pack for barbecue?

I've agreed to buy a six-pack of beer for a friend's BBQ tomorrow, but I am not sure what exactly this means. Those who know, could you please help me out with this: Should I buy bottled or canned beer? What kind of beer should it be (Bud Light, or something higher-end/fancier)? There will be just a...
by radnor
Wed Apr 19, 2017 7:27 pm
Forum: Investing - Help with Personal Investments
Topic: Can/should I contribute to an HSA if I already have health insurance?
Replies: 3
Views: 509

Can/should I contribute to an HSA if I already have health insurance?

I work for a company that offers an HSA, but am (still) on my father's PPO health insurance. Can, and if so, should, I contribute money to the HSA solely for retirement savings purposes?
by radnor
Wed Apr 19, 2017 7:23 pm
Forum: Personal Consumer Issues
Topic: How to make best use of lunch with the company president/CEO?
Replies: 55
Views: 6570

Re: How to make best use of lunch with the company president/CEO?

Next week, I (along with a couple of other employees) are scheduled for an informal lunch with the president/CEO of our company. This is part of a program for upper management to meet with employees, and we were randomly chosen. Any tips on good questions to ask or things to say? Well, post a follo...
by radnor
Tue Apr 18, 2017 5:23 am
Forum: Personal Consumer Issues
Topic: How to make best use of lunch with the company president/CEO?
Replies: 55
Views: 6570

How to make best use of lunch with the company president/CEO?

Next week, I (along with a couple of other employees) are scheduled for an informal lunch with the president/CEO of our company. This is part of a program for upper management to meet with employees, and we were randomly chosen. Any tips on good questions to ask or things to say?
by radnor
Sat Apr 01, 2017 8:45 pm
Forum: Personal Consumer Issues
Topic: Which VPN provider do you use?
Replies: 2
Views: 891

Which VPN provider do you use?

And how do you like it?
by radnor
Sat Apr 01, 2017 11:02 am
Forum: Personal Consumer Issues
Topic: Advice on setting up a network-level VPN
Replies: 29
Views: 2504

Advice on setting up a network-level VPN

I live in the U.S. and would like to take back my internet privacy... by force. Specifically, I want to sign up for a VPN service that I can connect to through my router (instead of having to install a software client on each computer/device in my house). Has anyone had any luck with this, and if so...
by radnor
Fri Mar 31, 2017 10:29 am
Forum: Personal Finance (Not Investing)
Topic: Manufactured Spending - is it illegal, or otherwise "bad?"
Replies: 71
Views: 7294

Manufactured Spending - is it illegal, or otherwise "bad?"

The Capital One Quicksilver card pays a $100 bonus for $500 of purchases in the first three months. This is great, but I can't think of something to buy that wouldn't be a waste of money, so I am considering doing the following: Use the Quicksilver card to buy a $500 Visa gift card Use the $500 gift...
by radnor
Sun Mar 26, 2017 7:02 pm
Forum: Investing - Help with Personal Investments
Topic: Confused about Vanguard Prime Money Market Fund
Replies: 6
Views: 854

Confused about Vanguard Prime Money Market Fund

The Vanguard Prime Money Market Fund (VMMXX) says Vanguard Prime Money Market Fund seeks to provide current income and preserve shareholders’ principal investment by maintaining a share price of $1. As such it is considered one of the most conservative investment options offered by Vanguard. Althoug...
by radnor
Sun Mar 26, 2017 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: Capital One 360 $200 bonus (and now $300 checking bonus)
Replies: 217
Views: 28773

Re: Capital One 360 $200 bonus

No OP, but I'd like to sign up for both the $400 Checking Account Bonus and the $200 Money Market Account Bonus . To reiterate, the terms page for the $400 checking account offer states the following (it's a targeted offer): "IF YOU DID NOT RECEIVE AN EMAIL OR MAIL PIECE DIRECTLY FROM CAPITAL ONE 3...
by radnor
Sun Mar 26, 2017 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: Capital One 360 $200 bonus (and now $300 checking bonus)
Replies: 217
Views: 28773

Re: Capital One 360 $200 bonus

I've posted a few times that I seek out new account bonuses. This is the latest one I did. A lot of the bonuses I earn have bill pay, direct deposit, or spending requirements. However this one pays $200 for a 10k deposit, so it's easy to complete. Read the terms. https://www.capitalone.com/bank/str...
by radnor
Sun Mar 26, 2017 10:21 am
Forum: Investing - Help with Personal Investments
Topic: What is the "Settlement Allocation" in my 401k?
Replies: 2
Views: 413

Re: What is the "Settlement Allocation" in my 401k?

Maybe one of the funds in the 401(k) had a settlement with a regulator, and was required to provide some sort of compensation to the shareholders of the fund(?) I finally got around to calling them and they said that this was basically the case, but wouldn't actually give me any details on what the...
by radnor
Sat Mar 25, 2017 9:19 pm
Forum: Personal Finance (Not Investing)
Topic: TD Bank Premier Checking - confused about minimum balance requirement
Replies: 1
Views: 366

Re: TD Bank Premier Checking - confused about minimum balance requirement

Never mind; I just called them and they said that there is a 90 day minimum balance grace period from the time the account is opened.
by radnor
Sat Mar 25, 2017 9:06 pm
Forum: Personal Finance (Not Investing)
Topic: TD Bank Premier Checking - confused about minimum balance requirement
Replies: 1
Views: 366

TD Bank Premier Checking - confused about minimum balance requirement

I just opened a TD Bank Premier Checking Account and it says "$25 monthly maintenance fee waived when you maintain the $2,500 minimum daily balance." But I can't deposit any money until Monday for logistical reasons. Does that mean that I will be charged $25 for this month?
by radnor
Sat Mar 25, 2017 11:51 am
Forum: Personal Finance (Not Investing)
Topic: Do I have too much cash?
Replies: 10
Views: 1837

Re: How much cash should I hold?

I currently live with my parents, have a steady job, and about $18k of cash split over a low-yield savings account (emergency fund) and low-yield checking account (for regular transactions) Should I reduce this number by using some of it to buy higher-yield but relatively safe investments (i.e., bo...