Search found 8 matches

by redheadinvestor
Sun Dec 10, 2017 10:14 pm
Forum: Personal Finance (Not Investing)
Topic: excess contribution(beyond state tax exemption limit) for IL529
Replies: 3
Views: 357

excess contribution(beyond state tax exemption limit) for IL529

Each year I contribute $20K for my son's 529 account. This is the maximum allowed as per IL529 plan. This year by mistake I contributed $21,500. I am going to contact the plan administrator tomorrow and ask them to refund the $1500 but I am skeptical that they will do it. Quick research shows one op...
by redheadinvestor
Wed Apr 19, 2017 10:55 pm
Forum: Personal Finance (Not Investing)
Topic: Moving from Chicago NW suburbs to NJ/NY area
Replies: 31
Views: 3137

Re: Moving from Chicago NW suburbs to NJ/NY area

NJ is the largest exporter of high school students in the nation for almost 2-decades. In the top 20-25 NJ High School's (by SAT score), within the top-20% student body, almost 3/4th go out-of-state. Also due to strong student body (NJ has highest cut-off in nation for top 1% National Merit Semifin...
by redheadinvestor
Wed Apr 19, 2017 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: Moving from Chicago NW suburbs to NJ/NY area
Replies: 31
Views: 3137

Re: Moving from Chicago NW suburbs to NJ/NY area

Thanks for the response so far. Some additional info: Where are the locations of the two offers? Is there decent public transport available?? Do you have to commute to Manhattan? Westchester may have some advantage there using Metro-North. As you know, NY has some tax deduction advantages as well. N...
by redheadinvestor
Tue Apr 18, 2017 9:11 pm
Forum: Personal Finance (Not Investing)
Topic: Moving from Chicago NW suburbs to NJ/NY area
Replies: 31
Views: 3137

Moving from Chicago NW suburbs to NJ/NY area

I live in Chicago NW suburbs Software field, I make $150k + bonus. I have 2 offers from from with in our company - one at new jersey for same salary and another at northern NY(weschester county) for an additional 10% salary. Both carry an additional 5% bonus and relocation assistance. So far here is...
by redheadinvestor
Sun Jan 03, 2016 3:23 pm
Forum: Investing - Help with Personal Investments
Topic: How am I doing? Need your advice.
Replies: 3
Views: 739

Re: How am I doing? Need your advice.

starguru, thanks for your response. My biggest expenses are mortgage/property tax($1800), gas($150), utilities($250), and my monthly expenses are around $1000-$1500. Biggest expense is medical where in I spend 3-4k from my HSA contributions. Yes I am not maxing 401K and I can't as my company restric...
by redheadinvestor
Sun Jan 03, 2016 2:54 am
Forum: Investing - Help with Personal Investments
Topic: How am I doing? Need your advice.
Replies: 3
Views: 739

How am I doing? Need your advice.

I am 43, my wife is 40, we have 12 year old son, 6 more years for his college. It is difficult to predict his college plans but based on his current school performance, he is likely to follow engineering track in some decent and above average rated colleges. My current salary is 150k + 10% bonus(dep...