Search found 182 matches

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: 5043

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: 1212

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: 1212

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: 903

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: 903

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: 6820

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: 903

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: 532

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: 532

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: 532

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: 1030

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: 904

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: 904

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: 904

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: 904

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: 904

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: 6119

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: 6119

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: 6119

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: 6119

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: 5518

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: 5518

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: 5518

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...
by rasputin
Sun Aug 17, 2014 2:03 pm
Forum: Personal Finance (Not Investing)
Topic: Advice on purchasing renters insurance?
Replies: 4
Views: 722

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: 722

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: 7003

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: 11319

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: 2859

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: 2859

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: 2859

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: 2859

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: 1785

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: 2859

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: 1073

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?
by rasputin
Fri Dec 27, 2013 3:35 pm
Forum: Investing - Help with Personal Investments
Topic: Seeking portfolio advice, trying to keep it simple
Replies: 10
Views: 1073

Re: Seeking portfolio advice, trying to keep it simple

placeholder wrote:Go back over the sticky again as you have not supplied the necessary info.


What am I missing? As far as I can tell i got everything.
by rasputin
Thu Dec 26, 2013 8:33 pm
Forum: Investing - Help with Personal Investments
Topic: Seeking portfolio advice, trying to keep it simple
Replies: 10
Views: 1073

Re: Seeking portfolio advice, trying to keep it simple

*polite bump after supplying necessary info*
by rasputin
Thu Dec 26, 2013 12:39 am
Forum: Investing - Help with Personal Investments
Topic: Seeking portfolio advice, trying to keep it simple
Replies: 10
Views: 1073

Seeking portfolio advice, trying to keep it simple

I'm 34, earn $125k/year and max my 401k (w/$5k employer match) and IRA. and try to put away a bit more than that. I'm willing to take on a bit more risk than typical for my age. I'm looking at an 80/20 stock/bonds split. stocks as - 60% US stock market (vanguard total stock market) 30% international...
by rasputin
Thu Jan 10, 2013 7:59 am
Forum: Investing - Help with Personal Investments
Topic: switched jobs but not coemployers - 401k rollover denied!
Replies: 33
Views: 4518

Re: switched jobs but not coemployers - 401k rollover denied

I was previously working at company X which used Trinet with a 401k administered by transamerica. Now I'm working at company Y which uses Trinet and has a 401k with The Online 401k. I've been told that since Trinet is considered the employer of record as far as the IRS is concerned I still have the ...
by rasputin
Wed Jan 09, 2013 11:42 pm
Forum: Investing - Help with Personal Investments
Topic: switched jobs but not coemployers - 401k rollover denied!
Replies: 33
Views: 4518

Re: switched jobs but not coemployers - 401k rollover denied

Each company had different 401k plans even though its the same coemployer.
by rasputin
Wed Jan 09, 2013 11:25 pm
Forum: Investing - Help with Personal Investments
Topic: switched jobs but not coemployers - 401k rollover denied!
Replies: 33
Views: 4518

switched jobs but not coemployers - 401k rollover denied!

I left my job, had two weeks off and started a new job. I want to rollover my 401k from my previous job but i'm told that i can't because both companies use the same coemployer. I'm told that as far as the IRS is concerned, I have the same job.

Is there anything that can be done about this BS?
by rasputin
Mon Nov 12, 2012 10:32 pm
Forum: Personal Finance (Not Investing)
Topic: Student Loans - Pay As You Earn
Replies: 10
Views: 1667

Student Loans - Pay As You Earn

I'm interested in the Pay As You Earn Program to repay my grad school loans. I contacted my loan servicer, Great Lakes, and was given the following information which i'd like to verify - - The Pay As You Earn program is currently on hold and they're not sure when it will be active. - You can apply f...
by rasputin
Tue Sep 04, 2012 9:42 pm
Forum: Personal Finance (Not Investing)
Topic: low earnings and traditional 401k - does it make sense?
Replies: 15
Views: 1560

Re: low earnings and traditional 401k - does it make sense?

I have to take it a little bit at a time... glad you and the girlfriend are still together. I was hoping and maybe you can encourage, her to take an interest in these matters for her own self preservation. I know from past experience that girlfriends and wives eventually end up without me. :happy :h...
by rasputin
Tue Sep 04, 2012 3:54 pm
Forum: Personal Finance (Not Investing)
Topic: low earnings and traditional 401k - does it make sense?
Replies: 15
Views: 1560

Re: low earnings and traditional 401k - does it make sense?

Employer match? I thought that was a myth like bigfoot!

she doesn't have a rainy day fund (although I'm good for it) so perhaps it would be best to do Roth IRA + rainy day fund.
by rasputin
Tue Sep 04, 2012 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: low earnings and traditional 401k - does it make sense?
Replies: 15
Views: 1560

Re: low earnings and traditional 401k - does it make sense?

the assumption is that her tax rate will be significantly higher. this year will be 0-10%. retirement would be around 25%.
by rasputin
Tue Sep 04, 2012 11:43 am
Forum: Personal Finance (Not Investing)
Topic: low earnings and traditional 401k - does it make sense?
Replies: 15
Views: 1560

low earnings and traditional 401k - does it make sense?

i'm helping my girlfriend get on solid financial footing after grad school. since she's only working the last couple of months of the year, her earnings will approximately match what she's allowed to put into her 401k. Her income will be about $17k - as far as i can tell, she'll be paying little to ...
by rasputin
Sun Sep 02, 2012 10:27 pm
Forum: Personal Finance (Not Investing)
Topic: Student Loan Repayment Question
Replies: 13
Views: 1935

Re: Student Loan Repayment Question

overpay as much as possible on the highest interest loans. work your way down to the lowest. this approach my recoup the $400 you'd save through consolidation. since you pay off the higher interest loans before the lower interest loans its as though the interest rate is lowering through the life of ...
by rasputin
Sun Sep 02, 2012 10:05 pm
Forum: Personal Finance (Not Investing)
Topic: modeling student loan repayment
Replies: 7
Views: 1009

Re: modeling student loan repayment

There's no particular reason to believe that she's going to have (rather significant) increases in salary. She's an architect and she'll be one step below the owners of the firm. IBR doesn't have an eligibility cut off income-wise, but past a certain point its no longer beneficial. (I've calculated ...
by rasputin
Sun Sep 02, 2012 7:06 pm
Forum: Personal Finance (Not Investing)
Topic: can Roth 401k + IRA exceed income?
Replies: 17
Views: 2366

Re: can Roth 401k + IRA exceed income?

Big thanks for all the help!
by rasputin
Sun Sep 02, 2012 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: can Roth 401k + IRA exceed income?
Replies: 17
Views: 2366

Re: can Roth 401k + IRA exceed income?

I'm pretty sure the OP's question is, if someone earns 17k, and put it all in a Roth 401(k), can they then put an unearned $5,000 in an IRA. The answer to that is no, of course. This doesn't appear to be an "of course" sort of thing - as far as I'm concerned, little is. Can you point wher...

Go to advanced search