Search found 208 matches

by rasputin
Sun Mar 18, 2018 9:27 pm
Forum: Personal Finance (Not Investing)
Topic: Spoke to a financial advisor yesterday - what do you think he's up to?
Replies: 81
Views: 8392

Re: Spoke to a financial advisor yesterday - what do you think he's up to?

>How can you not see what this FA is wanting to do???

Probably because I didn't come in the door as a customer. I think I have a better idea now.

Despite all the back and forth I'm glad I came here for advice. (Even those I sparred with) Thank you!
by rasputin
Sat Mar 17, 2018 11:39 pm
Forum: Personal Finance (Not Investing)
Topic: Spoke to a financial advisor yesterday - what do you think he's up to?
Replies: 81
Views: 8392

Re: Spoke to a financial advisor yesterday - what do you think he's up to?

Sounds to me like you don’t like hearing the truth, you are getting taken. But hey it’s your money and you are free to spend it anyway you like. The problem with much of the discussion on this thread is that just yelling YOUR GETTING SCAMMED isn't very convincing. I can agree with it or disagree wi...
by rasputin
Sat Mar 17, 2018 8:07 pm
Forum: Personal Finance (Not Investing)
Topic: Spoke to a financial advisor yesterday - what do you think he's up to?
Replies: 81
Views: 8392

Re: Spoke to a financial advisor yesterday - what do you think he's up to?

makes it seem like you don't understand the way Bogleheads think about things. I'm sure he's a great guy who looks out for his clients' best interests, but there's no "efficiency" argument for going with him over directly investing in Vanguard funds, so I'd thank him for his offer and politely decl...
by rasputin
Sat Mar 17, 2018 8:04 pm
Forum: Personal Finance (Not Investing)
Topic: Spoke to a financial advisor yesterday - what do you think he's up to?
Replies: 81
Views: 8392

Re: Spoke to a financial advisor yesterday - what do you think he's up to?

I think there are a couple of big details that people are missing - a) He's offering his services for free and will provide fund selection advice in vanguard if thats what we want. In this situation, I really do think he's providing an employee with a _free_ service. b) He's suggesting that there ar...
by rasputin
Sat Mar 17, 2018 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: Spoke to a financial advisor yesterday - what do you think he's up to?
Replies: 81
Views: 8392

Spoke to a financial advisor yesterday - what do you think he's up to?

Normally I wouldn't bother with such a thing but it was provided by my wife's employer (she's an assistant to the financial advisor) aaand my taxes are rather complicated this year due to moving from ny to wi. and income associated with the sale of my former employer, including severance. Takeaways ...
by rasputin
Tue Mar 13, 2018 10:26 am
Forum: Personal Finance (Not Investing)
Topic: FSA plan year - how does it work?
Replies: 3
Views: 322

Re: FSA plan year - how does it work?

>2) Day 1 of new employment if you enroll in company Health benefits program and sign up for FSA deduction (check this though for actual eligibility date with your plan) I accept this and yet...ug...WHHHHHYYYY. What does someone with a job that provides an FSA deserve tax advantaged payments and oth...
by rasputin
Mon Mar 12, 2018 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: FSA plan year - how does it work?
Replies: 3
Views: 322

FSA plan year - how does it work?

Both my wife and I are starting new jobs this year and need to estimate how much to withhold for FSA accounts. We incurred expenses between the new year (likely start of the FSA plan year) and the start of our FSA accounts. Are we allowed to use our FSA account to pay for eligible incurred expenses ...
by rasputin
Mon Feb 26, 2018 11:29 pm
Forum: Personal Finance (Not Investing)
Topic: State taxes, moving, working remotely....w-2 mistake??
Replies: 6
Views: 566

Re: State taxes, moving, working remotely....w-2 mistake??

https://www.friedmanllp.com/insights/help-what-is-new-yorks-convenience-of-the-employer-rule-all-about Thats a lot of discussion about home offices. I did not work from a home office. I worked from a coworking space paid for by my employer. From what I read, it is hard to tell if that is considered...
by rasputin
Mon Feb 26, 2018 10:27 am
Forum: Personal Finance (Not Investing)
Topic: State taxes, moving, working remotely....w-2 mistake??
Replies: 6
Views: 566

State taxes, moving, working remotely....w-2 mistake??

In 2017 I worked for a single employer, initially locally in nyc and then moved to WI and worked remotely. I was doing taxes with turbotax and was surprised to see that it said I owed nys about $12k. I eventually figured out that it was calculating what I owed based on my full earnings for the year ...
by rasputin
Sat Dec 09, 2017 6:11 pm
Forum: Personal Finance (Not Investing)
Topic: Lost job, thinking about insurance, COBRA
Replies: 2
Views: 543

Lost job, thinking about insurance, COBRA

I lost my job a week ago and I'm thinking through the insurance implications. I have insurance through the end of the month. I expect my job search to take about two months. (I have some good leads already so thats potentially a pessimistic guess) Can you sign up for COBRA or ACA up to 60 days after...
by rasputin
Sat Nov 25, 2017 12:13 am
Forum: Investing - Help with Personal Investments
Topic: 529 Deposit - I moved earlier in the year, will the deposit be tax deductible?
Replies: 2
Views: 325

529 Deposit - I moved earlier in the year, will the deposit be tax deductible?

I lived in NYS for the first four months of the year. If I make a 529 plan deposit in December, can it be used as a tax deduction on this year's NYS taxes?
by rasputin
Sat Sep 02, 2017 11:32 am
Forum: Personal Consumer Issues
Topic: bought a maintenance plan w/car (vw golf alltrack) - good deal or not?
Replies: 36
Views: 5108

Re: bought a maintenance plan w/car (vw golf alltrack) - good deal or not?

This thread has become a top 5 link for "golf alltrack oil change" - I found my own thread after googling that phrase, much to my surprise. I've decided to get a refund. I don't need to go to a dealer to get an oil change. Hell, I don't need to go anywhere to get an oil change. Oil changes are easy....
by rasputin
Sat Apr 15, 2017 12:43 pm
Forum: Investing - Help with Personal Investments
Topic: sold stock - what about taxes?
Replies: 16
Views: 1407

Re: sold stock - what about taxes?

yeah, 47k gain. ug, just learned about state capital gains taxes. however, my pay is going down a bit this year due to a move. my wife will earn less as well. she's quitting her job due to the move and will find a new one...and we're expecting much lower income from her new job. I think I confused m...
by rasputin
Sat Apr 15, 2017 12:04 pm
Forum: Investing - Help with Personal Investments
Topic: sold stock - what about taxes?
Replies: 16
Views: 1407

Re: sold stock - what about taxes?

hrm, looking at the vanguard cost basis summary, it looks like the tax bill is closer to $7k.

I'm fine holding onto the money until next year as long as I don't pay a penalty.
by rasputin
Sat Apr 15, 2017 11:52 am
Forum: Investing - Help with Personal Investments
Topic: Just got first raise, what to do with it?
Replies: 10
Views: 1225

Re: Just got first raise, what to do with it?

dump it into the IRA!

your cash / saving position is pretty good. your car loan rate is good. just do what you can to max out those tax advantaged retirement funds.
by rasputin
Sat Apr 15, 2017 11:50 am
Forum: Investing - Help with Personal Investments
Topic: sold stock - what about taxes?
Replies: 16
Views: 1407

sold stock - what about taxes?

I had some stock that I've held on to for years and recently sold (in feb) to lock in gains before buying a house in the next year or two. I use Vanguard.

How do I handle the tax consequences of this sale? I guestimate that I'll owe about $3k in taxes.
by rasputin
Sun Apr 09, 2017 9:35 am
Forum: Personal Finance (Not Investing)
Topic: I have a car loan. Can I pay off the loan without penalty?
Replies: 28
Views: 2999

Re: I have a car loan. Can I pay off the loan without penalty?

in this case it says simple interest loan right at the top.
by rasputin
Sun Apr 09, 2017 9:34 am
Forum: Personal Consumer Issues
Topic: bought a maintenance plan w/car (vw golf alltrack) - good deal or not?
Replies: 36
Views: 5108

Re: bought a maintenance plan w/car (vw golf alltrack) - good deal or not?

I should note that I found an independent vw specialist thats a mile from my place with a legit five star review.

I'm starting to lean toward getting rid of this 'deal'.
by rasputin
Sat Apr 08, 2017 8:56 pm
Forum: Personal Consumer Issues
Topic: bought a maintenance plan w/car (vw golf alltrack) - good deal or not?
Replies: 36
Views: 5108

Re: bought a maintenance plan w/car (vw golf alltrack) - good deal or not?

>>It's basically 6 oil changes and tire rotations. Its only 3. Every year or 10k miles. >>I highly recommend the dealer do the maintenance on newer cars. Yeah, I figure thats worth paying a little (not a lot) more for. Doesn't VW still have the first 2 years or 24k miles covered when you by the car?...
by rasputin
Sat Apr 08, 2017 8:04 pm
Forum: Personal Consumer Issues
Topic: bought a maintenance plan w/car (vw golf alltrack) - good deal or not?
Replies: 36
Views: 5108

bought a maintenance plan w/car (vw golf alltrack) - good deal or not?

I recently bought a 2017 VW Golf Alltrack (my first car...and i'm nearly 40. leaving nyc.) and on the one upsell that the dealership got me on was a 3 year maintenance package called Volkswagen Care for $425. It covers the first 3 years or 30k miles. I don't have the manual with me at the moment (i'...
by rasputin
Sat Apr 08, 2017 6:14 pm
Forum: Personal Finance (Not Investing)
Topic: I have a car loan. Can I pay off the loan without penalty?
Replies: 28
Views: 2999

Re: I have a car loan. Can I pay off the loan without penalty?

As I understand it, the reason the finance guy at the dealer said you'd pay a fee is to keep you from paying it off early - the dealership won't get their spiff from the bank if the loan is paid off too soon :greedy I'm kind of curious how that works. For instance - What if I paid off all but a gra...
by rasputin
Sat Apr 08, 2017 5:54 pm
Forum: Personal Consumer Issues
Topic: Is anyone using Apple CarPlay? My preferred car company isn't...
Replies: 33
Views: 3224

Re: Is anyone using Apple CarPlay? My preferred car company isn't...

I have CarPlay in my new VW Golf Alltrack and _really_ like it. Which isn't to say that its perfect but it does a really good job and makes using my phone in the car safer and easier. For me, the value is in three app - Apple Maps, Overcast (for podcasts), and Apple Music. Basically, the gps is just...
by rasputin
Sat Apr 08, 2017 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: I have a car loan. Can I pay off the loan without penalty?
Replies: 28
Views: 2999

I have a car loan. Can I pay off the loan without penalty?

The purchase price of my car was reduced by $2k if I financed the car. So I financed....but I have the cash to pay it off. The dealer said I'd need to make normal payments over 90 days before I pay it off otherwise I'd get some sort of finance fee. I can't see that fee spelled out in my paperwork an...
by rasputin
Wed Nov 09, 2016 8:56 am
Forum: Personal Finance (Not Investing)
Topic: Wife planning on leaving job, how to manage 401k?
Replies: 4
Views: 1164

Re: Wife planning on leaving job, how to manage 401k?

celia wrote:If your wife left at the end of November and contributed the max for 11 months, shouldn't she get at least 11/12 of the employer match?
That would be fair but its not now it works.

http://www.nytimes.com/2014/02/15/your- ... match.html
by rasputin
Sun Oct 30, 2016 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: Wife planning on leaving job, how to manage 401k?
Replies: 4
Views: 1164

Wife planning on leaving job, how to manage 401k?

My wife and I put tax advantaged retirement savings first, maxing out our 401ks and Roth IRAs. My wife is very fortunate to receive a 100% 401k match. (she works as an administrative assistant for a financial services firm) HOWEVER - that match is provided only at the very end of the year. We're loo...
by rasputin
Tue Feb 16, 2016 7:00 am
Forum: Personal Finance (Not Investing)
Topic: Should I pursue a Masters in Computer Science?
Replies: 60
Views: 6063

Re: Should I pursue a Masters in Computer Science?

Work experience is worth more than a masters. there are a number of programs out there designed to prepare people for working as programmers. take one of those. a comp sci degree will fill you with theory and leave you short on practice.
by rasputin
Tue Feb 16, 2016 6:58 am
Forum: Personal Finance (Not Investing)
Topic: W-4 withholding advice - calculators failing us
Replies: 9
Views: 1366

Re: W-4 withholding advice - calculators failing us

[quote="rasputin"............................since we front load our 401k's at the beginning of the year....................................? Do your companies match your contributions and is this front loading getting you the maximum match? Some/many? companies match per pay period so if you are n...
by rasputin
Mon Feb 15, 2016 10:37 pm
Forum: Personal Finance (Not Investing)
Topic: W-4 withholding advice - calculators failing us
Replies: 9
Views: 1366

W-4 withholding advice - calculators failing us

i'm nearly finished with taxes for 2015 and we're expecting $3k back from the feds on $205k income (w-2 box 1 style) In the past year my wife and i got married and had a kid. i suspect we're paying a little bit more in taxes. i'm not sure the kid quite offset the marriage penalty. Oh, but we are tak...
by rasputin
Sat Dec 12, 2015 11:09 pm
Forum: Investing - Help with Personal Investments
Topic: sell stock? aiming for home downpayment.
Replies: 9
Views: 1079

Re: sell stock? aiming for home downpayment.

Lafder wrote:What Livesoft said, is what I meant. Dividends and distributions that were reinvested added to the original cost basis :)
lafder
awesome! :sharebeer - i'm really glad i understand that now!
by rasputin
Sat Dec 12, 2015 11:09 pm
Forum: Investing - Help with Personal Investments
Topic: sell stock? aiming for home downpayment.
Replies: 9
Views: 1079

Re: sell stock? aiming for home downpayment.

What is the AA of your investment plan? Are you changing your investment plan to put aside a larger down payment? Or are you reacting to a fear you have more stock AA than you want? or are you rebalancing back to your desired AA ? It all hinges on buying a home for me...this thread has made me real...
by rasputin
Sat Dec 12, 2015 12:50 pm
Forum: Investing - Help with Personal Investments
Topic: Invest more in 401(k) or pay down mortgage?
Replies: 42
Views: 9331

Re: Invest more in 401(k) or pay down mortgage?

IMO, max out 401k and IRA before making extra payments on mortgage. you have fixed limits as to how much you can put into tax advantages retirement account each year. pass it up and its lost. if you have extra money down the line you can't go back in time to add it to a previous year's 401k/IRA. tak...
by rasputin
Sat Dec 12, 2015 11:34 am
Forum: Investing - Help with Personal Investments
Topic: sell stock? aiming for home downpayment.
Replies: 9
Views: 1079

sell stock? aiming for home downpayment.

Summary - I'd like to reduce my stock market exposure in my taxable brokerage account and find a way to effectively save for a home. We live in brooklyn, ny. (bedstuy) The basics - Income - $139k/year (mine) + $80k + $20k-ish bonus (wife) Cash - $36k between the two of us Total retirement - $244k 40...
by rasputin
Fri Dec 11, 2015 11:40 pm
Forum: Personal Finance (Not Investing)
Topic: dependent care fsa - deduct from my salary or my wife's?
Replies: 7
Views: 618

Re: dependent care fsa - deduct from my salary or my wife's?

ug, i _am_ curious how the numbers work out but i don't have patients for social security benefit calculators that expect you to enter your life earnings by year.

is there a simplified calculator?
by rasputin
Wed Dec 09, 2015 10:52 am
Forum: Personal Finance (Not Investing)
Topic: dependent care fsa - deduct from my salary or my wife's?
Replies: 7
Views: 618

Re: dependent care fsa - deduct from my salary or my wife's?

rasputin wrote:Hope this helps!
It certainly does! much appreciated.
by rasputin
Wed Dec 09, 2015 10:12 am
Forum: Personal Finance (Not Investing)
Topic: dependent care fsa - deduct from my salary or my wife's?
Replies: 7
Views: 618

dependent care fsa - deduct from my salary or my wife's?

I make about $139k a year. My wife makes $80k with another $20k or so in bonuses. I make more than the maximum taxed by social security, she does not. This means we'd save more in taxes if she deducted the dependent care fsa from her salary instead of mine. Right? Also, would there be downsides to r...
by rasputin
Sat Nov 28, 2015 11:09 pm
Forum: Investing - Help with Personal Investments
Topic: Move funds from Roth IRA to 529?
Replies: 10
Views: 1207

Re: Move funds from Roth IRA to 529?

there may be a relatively small gain here but i'd personally prefer to keep it simple. you should fund your retirement before your child's education. he can get loans for college but you can't get loans for retirement.
by rasputin
Sun Aug 16, 2015 5:01 pm
Forum: Personal Finance (Not Investing)
Topic: seeking help calculating how much life insurance i need
Replies: 10
Views: 1004

Re: seeking help calculating how much life insurance i need

close enough! *high five* the number i was looking at was already 75% of what my widow would receive in retirement (the full survivor benefit) big thanks. I used this simple calculator http://www.ssa.gov/OACT/quickcalc/index.html put in a birth year of 1985 and an annual income of $94,300. That gave...
by rasputin
Sat Aug 15, 2015 9:31 pm
Forum: Personal Finance (Not Investing)
Topic: seeking help calculating how much life insurance i need
Replies: 10
Views: 1004

Re: seeking help calculating how much life insurance i need

The calculator is confusing and trying to answer a more complex question than i need. The SSI site says my current survivor benefit would be $1,800/month. The rules are stated for the amount collected buy surviving spouse and child but i'm a bit confused as there are no examples give to illustrate h...
by rasputin
Fri Aug 14, 2015 11:17 pm
Forum: Personal Finance (Not Investing)
Topic: seeking help calculating how much life insurance i need
Replies: 10
Views: 1004

Re: seeking help calculating how much life insurance i need

I previously took a look at that link and found it impenetrable. Any guidance as to figure out how much my wife and son/daughter would receive would be welcome. Should you pass onto another world, wife will be entitled to spousal death benefits until child reaches age 16 and child will be entitled t...
by rasputin
Fri Aug 14, 2015 5:06 pm
Forum: Personal Finance (Not Investing)
Topic: seeking help calculating how much life insurance i need
Replies: 10
Views: 1004

Re: seeking help calculating how much life insurance i need

yes, my wife will continue working. in the case that i die but my wife lives, does my child collect anything? (assuming she works and makes significantly more than minimum wage)
by rasputin
Fri Aug 14, 2015 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: seeking help calculating how much life insurance i need
Replies: 10
Views: 1004

seeking help calculating how much life insurance i need

the missus and i are expecting a baby in early november. i'm getting my financial house in order which includes getting life insurance. i estimate that she'll need $50k/year if i pass to help care for our child. how do i calculate how much she'll receive in social security benefits? (75% of survivor...
by rasputin
Mon Feb 09, 2015 6:59 am
Forum: Investing - Theory, News & General
Topic: talk me out of it - investing in oil
Replies: 50
Views: 6941

Re: talk me out of it - investing in oil

this thread has been wonderful - i am certainly not doing what i initially said i would. i still have some interest in investing in the oil industry but i've been thoroughly talked out of uso. i have some cash i should invest in something, might go with broad market funds.
by rasputin
Sun Feb 08, 2015 10:23 pm
Forum: Investing - Theory, News & General
Topic: talk me out of it - investing in oil
Replies: 50
Views: 6941

Re: talk me out of it - investing in oil

gkaplan wrote:Gas prices are going back up.

http://www.csmonitor.com/Environment/En ... ices-video

I'm more concerned with when global demand will pick up, rather than pump prices which can fluctuate for an entirely unrelated set of reasons.
by rasputin
Sun Feb 08, 2015 10:21 pm
Forum: Investing - Theory, News & General
Topic: talk me out of it - investing in oil
Replies: 50
Views: 6941

Re: talk me out of it - investing in oil

Do you understand what happened? Can you explain in your own words, why people who invested in USO in 2009 watched the price of oil climb, just as they predicted , but did not get the rewards in USO they expected to get? Hint: mango, Durango, fandango... good point. i have no idea. do you know?
by rasputin
Sun Feb 08, 2015 10:03 pm
Forum: Investing - Theory, News & General
Topic: talk me out of it - investing in oil
Replies: 50
Views: 6941

talk me out of it - investing in oil

I'm tempted to buy into the oil industry since the value has dipped very quickly. thinking about USO - https://www.google.com/finance?cid=705740 i'm maxing out my retirement accounts. this would be a small wager (in my taxable investments) on the market that i'd expect to maintain for up to five yea...
by rasputin
Wed Dec 31, 2014 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: High Home Price-to-Income ratios - unhealthy?
Replies: 46
Views: 5836

Re: High Home Price-to-Income ratios - unhealthy?

Bed-Stuy. Transit isn't the best but i'm usually on my bike. Seems like a neighborhood a couple of years before serious gentrification. On the other side, brooklyn is a big place and it can't all become Williamsburg. (which i just recently left after 10 years - getting too expensive, don't care for ...
by rasputin
Wed Dec 31, 2014 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: High Home Price-to-Income ratios - unhealthy?
Replies: 46
Views: 5836

Re: High Home Price-to-Income ratios - unhealthy?

I expect that in NYC, a lot of households are making this calculations. You can get progressively risky, and with NCC_4, you might discover that if you are paying a $5,000 a month rent, all of a sudden, you can afford a $1MM property. I need to take a closer look at the numbers but we're currently ...
by rasputin
Tue Dec 30, 2014 4:13 pm
Forum: Personal Finance (Not Investing)
Topic: High Home Price-to-Income ratios - unhealthy?
Replies: 46
Views: 5836

High Home Price-to-Income ratios - unhealthy?

Unfortunately I live in an area with a hot real estate market - Brooklyn. Buying is expensive, particularly if you hope to raise a family and have room for one. Where does the money come from? I found this article - http://www.forbes.com/sites/zillow/2013/04/16/high-home-price-to-income-ratios-hidin...