Search found 197 matches

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: 3605

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: 1227

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: 1227

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: 1120

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: 1227

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: 2316

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: 3605

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: 3605

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: 3605

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: 2316

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 I'm kind of curious how that works. For instance - What if I paid off all but a grand of th...
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: 2807

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: 2316

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: 1097

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: 1097

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: 5805

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: 1295

Re: W-4 withholding advice - calculators failing us

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 not contributing each pay period, you could be losing out on part of the match.[/quote] thats accounted for. i front load above and beyond what...
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: 1295

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: 1013

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: 1013

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: 8399

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: 1013

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: 598

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: 598

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: 598

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: 1147

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: 975

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 m put in a birth year of 1985 and an annual income of $94,300. That gave me exactly $1,800 per month for each survi...
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: 975

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: 975

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: 975

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: 975

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: 6766

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: 6766

Re: talk me out of it - investing in oil

Gas prices are going back up. http://www.csmonitor.com/Environment/Energy-Voices/2015/0206/Should-you-be-panicking-about-the-rising-gas-prices-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: 6766

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: 6766

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 - m 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 years. bogleheads tend to be a conservative...
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: 5754

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: 5754

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: 5754

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 - m It strikes me as unhealthy to have some much of your net worth tied up in your hou...
by rasputin
Sun Aug 17, 2014 2:03 pm
Forum: Personal Finance (Not Investing)
Topic: Advice on purchasing renters insurance?
Replies: 4
Views: 881

Re: Advice on purchasing renters insurance?

I don't own a car - no auto insurance. No, I don't have an inventory of high value items - I'll need to create one. No large dog either. I'm really not sure why kind of liability risks i'm exposed to. I do a lot of cycling, does that count for anything? (commuting, long rides through the city....oh,...
by rasputin
Sun Aug 17, 2014 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: Advice on purchasing renters insurance?
Replies: 4
Views: 881

Advice on purchasing renters insurance?

I'm going through the process of buying renters insurance. I want to know exactly what I'm getting and what I should ask about. Right now State Farm has my attention because they offer $100k liability / $25k property for $125/year. But obviously I need to dig beneath the surface. Things I need to co...
by rasputin
Fri May 23, 2014 12:22 pm
Forum: Investing - Help with Personal Investments
Topic: How much house should I buy? (young person with many assets)
Replies: 71
Views: 7594

Re: How much house should I buy? (young person with many ass

don't buy a house until you're certain that its exactly what you'll want for seven years. a lot of people buy and move in less time than that and have no idea how much its costing them.
by rasputin
Thu May 22, 2014 4:37 pm
Forum: Investing - Help with Personal Investments
Topic: Retiring into the poor house in 13 yrs?
Replies: 110
Views: 11933

Re: Retiring into the poor house in 13 yrs?

pay for your retirement before paying for your son/daughter's education. i think most students would rather pay for their own education than to see their parents enter their retirement years without proper savings.

also (sadly) a college degree isn't worth what it used to be.
by rasputin
Thu May 22, 2014 8:20 am
Forum: Investing - Help with Personal Investments
Topic: placing investments in Roth vs traditional accounts
Replies: 27
Views: 3102

Re: placing investments in Roth vs traditional accounts

thanks for all the help on this. my portfolio is a lot more solid now.
by rasputin
Wed May 21, 2014 8:08 am
Forum: Investing - Help with Personal Investments
Topic: placing investments in Roth vs traditional accounts
Replies: 27
Views: 3102

Re: placing investments in Roth vs traditional accounts

Heading back to the original question, please consider this: The riskiest investments are expected to drop the most and potentially lose the most money. Do you want assets that lose the most to be in your Roth IRA? I suspect that for many people the answer is "no", however I'm very confid...
by rasputin
Wed May 21, 2014 7:44 am
Forum: Investing - Help with Personal Investments
Topic: placing investments in Roth vs traditional accounts
Replies: 27
Views: 3102

Re: placing investments in Roth vs traditional accounts

Bob's not my name wrote:My marginal tax rate is almost 50%. If I give half of my emergency fund to the government will they give it back to me when I have an emergency?


I have no idea what you're getting at.
by rasputin
Wed May 21, 2014 6:59 am
Forum: Investing - Help with Personal Investments
Topic: placing investments in Roth vs traditional accounts
Replies: 27
Views: 3102

Re: placing investments in Roth vs traditional accounts

I have an emergency fund of 3 months cash plus another 5 months in federal tax free bonds which resides in my taxable vanguard account.

seems best to me not to rely on IRA/401k for emergency funds.
by rasputin
Tue May 20, 2014 10:19 pm
Forum: Investing - Help with Personal Investments
Topic: Convincing an employer to offer after-tax 403b and more...
Replies: 32
Views: 1930

Re: Convincing an employer to offer after-tax 403b and more.

this is like any other change in an organization - you need to find the political leverage to make the thing happen.

unfortunately you're unlikely to because the people you need to win over most likely won't understand this.

good luck.
by rasputin
Tue May 20, 2014 10:14 pm
Forum: Investing - Help with Personal Investments
Topic: placing investments in Roth vs traditional accounts
Replies: 27
Views: 3102

placing investments in Roth vs traditional accounts

an idea i'd like some feedback on - there's a lot of talk here about portfolio allocation, stock vs. bonds, etc. however, i haven't seen much about what should be placed in Roth vs. traditional accounts. roth gets taxed on the way in but not the way out. seems that "high growth" (stocks) w...
by rasputin
Sun Dec 29, 2013 1:44 pm
Forum: Investing - Help with Personal Investments
Topic: Seeking portfolio advice, trying to keep it simple
Replies: 10
Views: 1188

Re: Seeking portfolio advice, trying to keep it simple

nedsaid wrote:Maybe 50% in a federal tax free fund and 50% in a double federal and state tax free fund.


Any particular reason why i should invest in two funds instead of one?