Search found 49 matches

by schutzk21
Fri Feb 24, 2017 9:23 pm
Forum: Personal Consumer Issues
Topic: Train Trip
Replies: 15
Views: 999

Re: Train Trip

Thank you all! I would prefer to not sleep in the train overnight every night. That would probably drive me nuts.
by schutzk21
Fri Feb 24, 2017 7:29 pm
Forum: Personal Consumer Issues
Topic: Train Trip
Replies: 15
Views: 999

Re: Train Trip

Do most packages allow the people to get off the train and stay at a hotel overnight? Or are you sleeping in the train every single day?
by schutzk21
Fri Feb 24, 2017 7:11 pm
Forum: Personal Consumer Issues
Topic: Train Trip
Replies: 15
Views: 999

Train Trip

Hello everyone. My wife and I were interested in taking a train trip for 5-7 days. We would like to do a round trip starting from Chicago. Has anyone had experience doing this? How are the sleeping arrangements? Would you recommend something like this? Who offers the best packages? Thanks so much!
by schutzk21
Mon Feb 20, 2017 9:17 pm
Forum: Personal Finance (Not Investing)
Topic: Help with choosing withholding on w-4
Replies: 4
Views: 265

Re: Help with choosing withholding on w-4

Thank you for that. Is the goal to try and get my refund at 0 dollars?
by schutzk21
Mon Feb 20, 2017 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: Help with choosing withholding on w-4
Replies: 4
Views: 265

Re: Help with choosing withholding on w-4

Tax liability for 2016: $7680
Not Exactly sure about federal income taxes held so far this year. I would have to check on that.
44 more checks for each of us remaining in 2017 (total of 22 each)
by schutzk21
Mon Feb 20, 2017 8:20 pm
Forum: Personal Finance (Not Investing)
Topic: Help with choosing withholding on w-4
Replies: 4
Views: 265

Help with choosing withholding on w-4

Hello everyone. I would like to know what would be most beneficial for my wife and I regarding our withholding on our w-4's for tax purposes. Pretax Income: $88K Federal Bracket: 25% State (Illinois): 3.75% I currently claim Single 1 on my taxes and she claims married 0. Is this ideal, or should I c...
by schutzk21
Sat Feb 18, 2017 3:06 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Target Retirement Fund to Investor Shares
Replies: 11
Views: 575

Re: Vanguard Target Retirement Fund to Investor Shares

I have one other question. Say I wanted a three fund portfolio of 60% US Stock, 25% International Stock, and 15% Total Bond. If I am contributing to my Roth IRA every 2 weeks with $100, would I just take that money every 2 weeks and buy $60 worth US stock, $25 worth of International, etc? Wouldn't t...
by schutzk21
Sat Feb 18, 2017 1:17 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Target Retirement Fund to Investor Shares
Replies: 11
Views: 575

Re: Vanguard Target Retirement Fund to Investor Shares

Great, this all helps a ton. Thank you for all of your responses. I will start off with the Target fund and then convert to admiral shares 1 fund at a time when I have the right amount saved up.
by schutzk21
Sat Feb 18, 2017 1:02 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Target Retirement Fund to Investor Shares
Replies: 11
Views: 575

Re: Vanguard Target Retirement Fund to Investor Shares

BL, would it not be smart to first get up to a certain point, and then buy the investor shares before then buying admiral shares? That was going to be the process I would take initially, but would it be ideal to just go from 2050 Target straight to the admiral shares and skipping the investor shares...
by schutzk21
Sat Feb 18, 2017 12:53 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Target Retirement Fund to Investor Shares
Replies: 11
Views: 575

Vanguard Target Retirement Fund to Investor Shares

Hello everyone. I am looking to start investing with Vanguard mutual funds in my Roth IRA. I think I may know the answers to my questions, but I wanted to get some reassurance before I start investing. I plan to put the minimum $1,000 in Vanguard Target 2050 fund. When I have enough money to buy Van...
by schutzk21
Sat Feb 18, 2017 11:52 am
Forum: Investing - Theory, News & General
Topic: 457, Roth, and plan through employer
Replies: 5
Views: 528

Re: 457, Roth, and plan through employer

Sorry about that. Looking at the numbers, we can probably contribute a total of 16-17k each year in total investments. I am pretty sure that as long as you aren't employed with the employer you had the 457 with, you can withdraw at ANY age without the 10% penalty.
by schutzk21
Fri Feb 17, 2017 10:23 am
Forum: Personal Consumer Issues
Topic: Cable and Internet
Replies: 48
Views: 5293

Re: Cable and Internet

How the heck did you get internet for so cheap? They are quoting me around $75 for the same service.
by schutzk21
Wed Feb 15, 2017 10:48 pm
Forum: Personal Consumer Issues
Topic: Cable and Internet
Replies: 48
Views: 5293

Re: Cable and Internet

Lindrobe, yes I am in Illinois. I can get the 25mbp for about $80 per month. Do you also rent their modem?
by schutzk21
Wed Feb 15, 2017 2:00 pm
Forum: Investing - Theory, News & General
Topic: 457, Roth, and plan through employer
Replies: 5
Views: 528

Re: 457, Roth, and plan through employer

Yes, I can only afford to max one. We can afford about 13K for all total investments each month. From the wiki Page: Funds can be withdrawn at retirement, upon severance from the employer , upon death, upon disability, and under stringent hardship withdrawal rules.....does severance from the employe...
by schutzk21
Wed Feb 15, 2017 1:54 pm
Forum: Personal Consumer Issues
Topic: Cable and Internet
Replies: 48
Views: 5293

Re: Cable and Internet

I chatted with an agent from Comcast today and they quoted me $100 (this includes taxes and fees) for their Blast internet package alone. The 25mbps would be about $90 per month. I feel like I am running out of options. This is absurd!
by schutzk21
Wed Feb 15, 2017 1:53 pm
Forum: Personal Consumer Issues
Topic: Robinhood App- cannot open tax document
Replies: 1
Views: 160

Robinhood App- cannot open tax document

Hello all, Last year, I messed around with the robinhood app and invested $50. I then sold the stock for a small profit and now on the app it is showing the tax document. When I go to open it, it is stating the PDF is of invalid format. Does anyone have any ideas on how to get this open? I tried cal...
by schutzk21
Mon Feb 13, 2017 1:59 pm
Forum: Personal Consumer Issues
Topic: Cable and Internet
Replies: 48
Views: 5293

Re: Cable and Internet

Copper John, I am a huge Cub fan too. If it wasn't for CSN not available on any of the streaming apps, switching right now wouldn't be a problem. I tend to watch at least 5 games a week when the season is in full swing. Maybe I can just stream on their website and use a friend's password to watch. I...
by schutzk21
Tue Feb 07, 2017 10:57 am
Forum: Investing - Theory, News & General
Topic: 457, Roth, and plan through employer
Replies: 5
Views: 528

457, Roth, and plan through employer

Hello Everyone, First off, I would just like to say that this forum has been a HUGE help for me. So thank you to everyone that takes the time to help out. I currently work a government-type position. We are offered a 457 plan and another plan that I will detail below. I have opened a Roth with Vangu...
by schutzk21
Mon Feb 06, 2017 1:36 pm
Forum: Personal Consumer Issues
Topic: Cable and Internet
Replies: 48
Views: 5293

Re: Cable and Internet

Thank you all for your responses. As for the data cap, does anyone know of a provider with fast download speeds with a high cap? As per 123, it does look as if having JUST internet with Comcast is not worth it. Also, does VUE have access to local sports channel (CSN)? For example, would I get Bulls ...
by schutzk21
Mon Feb 06, 2017 12:10 pm
Forum: Personal Consumer Issues
Topic: Cable and Internet
Replies: 48
Views: 5293

Cable and Internet

Hello everyone, I currently have Comcast cable and internet. When my deal is up, I am looking to cut my bill with either downgrading their service, or going with another set up. We have the boost internet, which I am a big fan of. I may try to just keep boost and go with a different cable provider. ...
by schutzk21
Fri Jan 27, 2017 4:10 pm
Forum: Personal Consumer Issues
Topic: Capsim Simulation Game
Replies: 0
Views: 180

Capsim Simulation Game

Hello everyone, I am currently in a Strategic Management course to finish off my Bachelor degree and we are going to be playing the Campsim game. Has anyone ever participated in this? It looks VERY in depth and there are a lot of tutorials and reading I need to accomplish before I can understand any...
by schutzk21
Mon Jan 23, 2017 1:53 pm
Forum: Investing - Theory, News & General
Topic: ROTH IRA Early Withdrawal and taxes
Replies: 35
Views: 1553

Re: ROTH IRA Early Withdrawal and taxes

Thanks, everyone! That all helps a ton. When I get home tonight I am going to see if I can enter everything correctly this time.
by schutzk21
Mon Jan 23, 2017 1:08 pm
Forum: Investing - Theory, News & General
Topic: ROTH IRA Early Withdrawal and taxes
Replies: 35
Views: 1553

Re: ROTH IRA Early Withdrawal and taxes

I will try putting in the $273 when it asks what the basis is. If I didn't get your help on this, how would someone know what the basis is if it doesn't show on their tax form? The basis just basically means how much was contributed? Is it okay that I am putting the $273 amount in if was for the 201...
by schutzk21
Mon Jan 23, 2017 1:03 pm
Forum: Investing - Theory, News & General
Topic: ROTH IRA Early Withdrawal and taxes
Replies: 35
Views: 1553

Re: ROTH IRA Early Withdrawal and taxes

Is there a reason the 1099-R would have the X marked off for taxable amount not determined? Wouldn't this box be the $9?
by schutzk21
Mon Jan 23, 2017 12:48 pm
Forum: Investing - Theory, News & General
Topic: ROTH IRA Early Withdrawal and taxes
Replies: 35
Views: 1553

Re: ROTH IRA Early Withdrawal and taxes

So I just looked and ALL of my contributions to my ROTH were for 2015. This was done in 2016, though.
DSInvestor- All the HR Block software prompted me was to enter what the boxes show. Do I do anything with the 5498 form that is dated for the 2015 tax year?
by schutzk21
Mon Jan 23, 2017 12:41 pm
Forum: Investing - Theory, News & General
Topic: ROTH IRA Early Withdrawal and taxes
Replies: 35
Views: 1553

Re: ROTH IRA Early Withdrawal and taxes

Box 5 is empty.
by schutzk21
Mon Jan 23, 2017 12:40 pm
Forum: Investing - Theory, News & General
Topic: ROTH IRA Early Withdrawal and taxes
Replies: 35
Views: 1553

Re: ROTH IRA Early Withdrawal and taxes

The code for box 7 is a "J". I do not believe I checked off the money was returned in 2017. It was returned to me in the same year I deposited it, would that change anything? Does the box stating "taxable amount not determined" mean anything?
by schutzk21
Mon Jan 23, 2017 12:31 pm
Forum: Investing - Theory, News & General
Topic: ROTH IRA Early Withdrawal and taxes
Replies: 35
Views: 1553

Re: ROTH IRA Early Withdrawal and taxes

DSInvestor- I did not receive an 8606 form from Vanguard. The only forms I have received are the 1099-R for 2016 and 5498 form for 2015. pshonore- Yes, it does have the X in the Taxable amount not determined Box 2b. In the HR block software, it does not ask how much of the money is in capital gains....
by schutzk21
Mon Jan 23, 2017 12:09 pm
Forum: Investing - Theory, News & General
Topic: ROTH IRA Early Withdrawal and taxes
Replies: 35
Views: 1553

Re: ROTH IRA Early Withdrawal and taxes

This is interesting then. My tax form from Vanguard shows the full amount (contributions and gains) for taxable amount. I am being taxed on the FULL amount.
by schutzk21
Mon Jan 23, 2017 11:36 am
Forum: Investing - Theory, News & General
Topic: ROTH IRA Early Withdrawal and taxes
Replies: 35
Views: 1553

ROTH IRA Early Withdrawal and taxes

Hello everyone, I opened a Roth IRA in 2016 and contributed about $273. Over time, I made about $9 in capital gains. I then decided paying off debt was more important, so I sold my ETF shares in my Roth and put all the money I contributed plus the capital gains I made in my checking account. So my q...
by schutzk21
Fri Jan 13, 2017 10:51 am
Forum: Personal Finance (Not Investing)
Topic: What else can I do with my job experience
Replies: 14
Views: 1576

Re: What else can I do with my job experience

Wow, some great responses here. Thank you all for your advice and assistance. It is tough, I love what I do but I believe there isn't a huge industry for the type of work I am involved with. It would be nice to stay in the pension fund industry, but there isn't much out there. It would be ideal to s...
by schutzk21
Thu Jan 12, 2017 11:11 pm
Forum: Personal Finance (Not Investing)
Topic: What else can I do with my job experience
Replies: 14
Views: 1576

Re: What else can I do with my job experience

We are a pension fund and we have members that contribute to the fund. When they are ready to retire, I pay their pension claim based on table factors created by actuaries. We use formulas to decide how much their monthly pension will be. I apologize for not bein clear on this.
by schutzk21
Thu Jan 12, 2017 10:38 pm
Forum: Personal Finance (Not Investing)
Topic: What else can I do with my job experience
Replies: 14
Views: 1576

What else can I do with my job experience

Hello everyone. Hope you are all doing well. I had a question regarding my current position and was wondering if I can get some advice. I have been working for a pension fund for three years. My main job functions are analyzing member contributions and service, and then paying out their retirement c...
by schutzk21
Thu Jan 12, 2017 10:35 am
Forum: Personal Consumer Issues
Topic: Question regarding data mining
Replies: 9
Views: 884

Re: Question regarding data mining

fishboat- thank you so much for that response. That definitely helps a ton. Do you believe someone getting that type of masters degree or wanting to pursue it need to have a great understanding of statistics and coding? If there isn't a bunch of knowledge there, is it not worth trying to get into?
by schutzk21
Wed Jan 11, 2017 10:36 pm
Forum: Personal Consumer Issues
Topic: Question regarding data mining
Replies: 9
Views: 884

Question regarding data mining

Hello all, I hope this question fits this forum, so I apologize if it doesn't. I am looking to learn a specific skill with some free time, and after doing a little bit of research, I want to try to learn about data mining and data science. Does anyone have experience with this? If so, is there a pro...
by schutzk21
Wed Jan 11, 2017 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: Help with paying off debt
Replies: 52
Views: 4112

Re: Help with paying off debt

Ace$- Thank you for the advice. I will definitely take this into consideration. As far as refinancing, I would want to refinance to a 15 year loan and not start back up at 30. We have been in our house for about 2.5 years now so I am unsure if the value of our house has gone up enough to avoid the P...
by schutzk21
Wed Jan 11, 2017 10:33 am
Forum: Personal Finance (Not Investing)
Topic: Help with paying off debt
Replies: 52
Views: 4112

Re: Help with paying off debt

Saving$- this is VERY useful information. Thanks so much for that. My only question is, as I am new to Roth IRA's, you mention to put my EF into that. By simply transferring the EF money into the Roth, does that work? Do I have to invest that money in anything, or can it just sit in the money market...
by schutzk21
Tue Jan 10, 2017 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: Help with paying off debt
Replies: 52
Views: 4112

Re: Help with paying off debt

Carl- there is a chance that my salary can be bumped a bit, just because having a degree MAY open up some new jobs. I am currently waiting to hear back on a position that would pay 7-9K more yearly. I interviewed, and just waiting to hear from them. As far as my current employer, it opens up other j...
by schutzk21
Tue Jan 10, 2017 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: Help with paying off debt
Replies: 52
Views: 4112

Re: Help with paying off debt

Jack- you suggest not contributing to the Roth even though I have zero in that account now? Granted, I have my employer's pension fund with about 6K into that and my wife contributes to her 401(k). I can't wait for all of this to be gone!
by schutzk21
Tue Jan 10, 2017 11:16 am
Forum: Personal Finance (Not Investing)
Topic: Help with paying off debt
Replies: 52
Views: 4112

Re: Help with paying off debt

I apologize for the double post, but does anyone know if there is a way I can get my PMI removed? I know some people are able to negotiate and not have the PMI at all before they get their mortgage. Is there a way you can do this after it has already been put into place? Or is the only way getting t...
by schutzk21
Tue Jan 10, 2017 10:26 am
Forum: Personal Finance (Not Investing)
Topic: Help with paying off debt
Replies: 52
Views: 4112

Re: Help with paying off debt

Another update- my wife and I have decided to hold the rest of our cash for now and start paying extra towards my student loan, PMI, and car payment number 1. After all my budgeting, we probably can take $1000 each month and put it towards debt and investments. Car payment 1: $255 + $45= $300 each m...
by schutzk21
Mon Jan 09, 2017 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: Help with paying off debt
Replies: 52
Views: 4112

Re: Help with paying off debt

new2bogle- I understand your point here. I am just not sure what skills/training I can get towards investing in myself. It seems like employers want experience in a certain field before anything else. I currently work for a pension fund and would like to do something along the finance field, whether...
by schutzk21
Mon Jan 09, 2017 11:10 am
Forum: Personal Finance (Not Investing)
Topic: Help with paying off debt
Replies: 52
Views: 4112

Re: Help with paying off debt

So would you recommend doing $300 on car loan #1, and then attack the student loan along with starting investing? I want to do 15% of my gross income, but I feel like I should at pay off my student loan and get my PMI out of the way before I do the full 15%.
by schutzk21
Mon Jan 09, 2017 9:50 am
Forum: Personal Finance (Not Investing)
Topic: Help with paying off debt
Replies: 52
Views: 4112

Re: Help with paying off debt

Carl, that is a great point. I never thought of that. *So just an update. I took everyone's advice into account, and it seems like the most common advice was to pay off the Best Buy card completely. I just made a payment for the full amount this morning, so that is now GONE and it feels great. I am ...
by schutzk21
Sun Jan 08, 2017 9:03 pm
Forum: Personal Finance (Not Investing)
Topic: Help with paying off debt
Replies: 52
Views: 4112

Re: Help with paying off debt

So my degree is in Business Administration with a Concentration in Finance. I have one more semester left and I will have my Bachelors Degree. My employer has been paying for all tuition the last two years. I have the $6250 loan from before I started with this employer. I plan on going further with ...
by schutzk21
Sat Jan 07, 2017 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: Help with paying off debt
Replies: 52
Views: 4112

Re: Help with paying off debt

Novine- Our interest for the home loan is 4.375% and our PMI is about $95 each month.
by schutzk21
Sat Jan 07, 2017 7:46 pm
Forum: Personal Finance (Not Investing)
Topic: Help with paying off debt
Replies: 52
Views: 4112

Re: Help with paying off debt

First, set aside at least $1000 for EF. If you already have an EF, great. Debt order: Best Buy immediately. Student loan Start investing at this point if you haven't already*. Car loan 1- I would pay $300/month when above debt is done. Car loan 2- don't accelerate. Is there a reason why you reccomm...
by schutzk21
Sat Jan 07, 2017 7:42 pm
Forum: Personal Finance (Not Investing)
Topic: Help with paying off debt
Replies: 52
Views: 4112

Re: Help with paying off debt

I totally failed to mention that we have about 19k in cash. We had about 8k in the bank until we recently received a life insurance benefit from a family member that passed. I think what we have in our account will be kept as our EF. I opened a Roth Ira on vanguard for myself a few months ago but ha...
by schutzk21
Sat Jan 07, 2017 5:14 pm
Forum: Personal Finance (Not Investing)
Topic: Help with paying off debt
Replies: 52
Views: 4112

Help with paying off debt

Hello everyone, This is my first post. I have been floating around the forums on this site for quite a while, and I figured now is the time to see if I can get some help. My wife and I make about 88K per year- gross. This comes out to about $4700 take home pay each month. Our bills are as follows: M...

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