Search found 145 matches

by sighchological
Wed May 23, 2018 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: Baby on way, gov't health insurance or Oxford?
Replies: 0
Views: 48

Baby on way, gov't health insurance or Oxford?

Hello all, We’re expecting the birth of our child in the first week of August 2018, and I’m trying to figure out which insurance to pick. We both have individual health insurance plans and plan to switch to a family plan when the baby is born. --------------------------------------------------------...
by sighchological
Sat Apr 14, 2018 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: Help w/ taxes re: Basic Star credit
Replies: 2
Views: 316

Re: Help w/ taxes re: Basic Star credit

thanks for the reply. I purchased the house in 2013, The Basic Star was deducted from my school bill.. I believe homeowners that purchased the house in 2016 receive the Basic Star in the form of a check instead of it being automatically deducted from their school bill.. correct me if I am wrong on t...
by sighchological
Sat Apr 14, 2018 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: Help w/ taxes re: Basic Star credit
Replies: 2
Views: 316

Help w/ taxes re: Basic Star credit

I’m almost done with my taxes on TaxHawk. Trying to figure out if I am interpreting the Basic Star credit correctly. In TaxHawk, under: Federal Itemized Deductions, it states: ------------------------------------------------------------------------------------------------------ You must reduce your ...
by sighchological
Sat Apr 14, 2018 12:21 pm
Forum: Investing - Help with Personal Investments
Topic: Solo 401K with E-trade or Vanguard?
Replies: 13
Views: 1131

Re: Solo 401K with E-trade or Vanguard?

Cool. Seems like SWTSX is the best for me, unless anyone else has any other ideas.

TwstdSista, thanks for pointing out the international issue. I have Vanguard Total International (Admiral) in my wife's 403B, so i will be using that for the international portion of my 3 fund portfolio.
by sighchological
Fri Apr 13, 2018 4:06 pm
Forum: Investing - Help with Personal Investments
Topic: Solo 401K with E-trade or Vanguard?
Replies: 13
Views: 1131

Re: Solo 401K with E-trade or Vanguard?

Thanks everyone for the help. I opened up a SEP-IRA with E-Trade today for 2017 and moved $1,695 into my sweep account. I asked 2 customer service reps if ITOT was eligible for automatic dividend reinvestments , and both said no, most ETF's do not qualify. So I don’t think I will use ITOT. 1) How ab...
by sighchological
Thu Apr 12, 2018 10:17 pm
Forum: Investing - Help with Personal Investments
Topic: Solo 401K with E-trade or Vanguard?
Replies: 13
Views: 1131

Solo 401K with E-trade or Vanguard?

I didn’t do my 2017 taxes yet, and I’m about to open up a SEP-IRA for 2017 and transfer it into a Solo 401k for 2018 (if using e-trade). I'm trying to make a decision whether to stick with Vanguard for simplicity's sake, or use Etrade. My self employment income is around $10-$15K a year. -----------...
by sighchological
Thu Apr 12, 2018 7:42 pm
Forum: Investing - Help with Personal Investments
Topic: $10K as a sole proprietor; how to invest?
Replies: 18
Views: 1943

Re: $10K as a sole proprietor; how to invest?

any additional help would be appreciated! thx!
by sighchological
Tue Apr 10, 2018 10:38 pm
Forum: Investing - Help with Personal Investments
Topic: $10K as a sole proprietor; how to invest?
Replies: 18
Views: 1943

Re: $10K as a sole proprietor; how to invest?

thanks so much for the help!! 1) I use taxhawk to do my taxes. I pretended that I contributed $10,025 to a Solo 401K in 2017. a. At the “Self Employed Retirement Contributions” it states: i. Do you have a SEP, SIMPLE, or other self-employed qualified retirement plan? (I put YES ) 1. Enter your 2017 ...
by sighchological
Mon Apr 09, 2018 4:31 pm
Forum: Investing - Help with Personal Investments
Topic: $10K as a sole proprietor; how to invest?
Replies: 18
Views: 1943

Re: $10K as a sole proprietor; how to invest?

I didn’t do my 2017 taxes yet, and I’m about to use E-Trade to open up a SEP-IRA for 2017 and transfer it into a Solo 401k for 2018. However, the following passage from the IRS: https://www.irs.gov/retirement-plans/retirement-plans-faqs-regarding-seps-contributions is confusing me. -----------------...
by sighchological
Tue Apr 03, 2018 8:06 pm
Forum: Investing - Help with Personal Investments
Topic: Advice needed; helping church set up 403B thru Vanguard
Replies: 5
Views: 514

Re: Advice needed; helping church set up 403B thru Vanguard

1) I called Fidelity, they have a $1 million dollar (asset?) requirement, and my church does not meet that criteria. I also called TIAA CREF, who has a $5 million (asset?) requirement.. so I guess I would be going with Vanguard to set up a 403B for our church. --------------------------------------...
by sighchological
Sat Mar 31, 2018 4:27 pm
Forum: Investing - Help with Personal Investments
Topic: Advice needed; helping church set up 403B thru Vanguard
Replies: 5
Views: 514

Advice needed; helping church set up 403B thru Vanguard

Hello everyone, I’m trying to help my church set up a 403B through Vanguard for their staff. Few full time staff are owed between $14K to $19K towards retirement. Full time staff receive a portion of their salary each year towards retirement, however, the church did not have a retirement plan and wa...
by sighchological
Wed Jan 17, 2018 10:41 pm
Forum: Investing - Help with Personal Investments
Topic: $10K as a sole proprietor; how to invest?
Replies: 18
Views: 1943

Re: $10K as a sole proprietor; how to invest?

Thanks Spirit Rider, your info is super helpful! -------------------------------------------------------------------------------------------------------------- I plan to to open up a SEP-IRA for 2017 and transfer it into a Solo 401k for 2018. $10,025 (income) – $904(expenses) = $9,121 net business p...
by sighchological
Mon Jan 15, 2018 2:02 pm
Forum: Investing - Help with Personal Investments
Topic: $10K as a sole proprietor; how to invest?
Replies: 18
Views: 1943

Re: $10K as a sole proprietor; how to invest?

Hi Spirit Rider, Thanks for the help. 1) Regarding your suggestion to use tax prep software, I use TaxAct for my taxes. Is there a section that tells you how much you can contribute to your Solo 401k? --------------------------------------------------------------------- 2) Where does it say “The emp...
by sighchological
Fri Jan 05, 2018 9:45 pm
Forum: Investing - Help with Personal Investments
Topic: $10K as a sole proprietor; how to invest?
Replies: 18
Views: 1943

Re: $10K as a sole proprietor; how to invest?

Thanks for the help Spirit Rider. ------------------------------------------------------------------------------- So what is the maximum in 2018 I can contribute towards the Solo 401K if I contribute to the following retirement plans? Where is it in the IRS publications? Me: 457B : $18.5K Roth IRA :...
by sighchological
Thu Jan 04, 2018 8:45 pm
Forum: Investing - Help with Personal Investments
Topic: $10K as a sole proprietor; how to invest?
Replies: 18
Views: 1943

Re: $10K as a sole proprietor; how to invest?

Thanks for all the help; knowing that the 457b contributions are not counted as employee contributions were a huge help. Where does it say that in the IRS publication? Just confirming that in the above posts, when you say Solo 401K you mean Individual 401K. ------------------------------------------...
by sighchological
Sat Dec 30, 2017 6:02 pm
Forum: Investing - Help with Personal Investments
Topic: $10K as a sole proprietor; how to invest?
Replies: 18
Views: 1943

$10K as a sole proprietor; how to invest?

Hello everyone, I made $10,025 this year as a sole proprietor and would like to invest the funds. I spoke to a Vanguard rep and she recommended that I use a SEP-IRA to invest a portion of my self employment income. Some stats: -------------------------------------------- In 2017 my wife and I contri...
by sighchological
Wed Dec 13, 2017 11:06 pm
Forum: Investing - Help with Personal Investments
Topic: Help w/ portfolio & w/ approximating stock market
Replies: 8
Views: 890

Re: Help w/ portfolio & w/ approximating stock market

Thanks ruralavalon for taking the time to write such a thorough response. I read all the links that you recommended. ------------------------------------------------------------------- Some questions regarding small caps: 1) I thought the NYSDCB Russell 2500 Index Unitized Account was only small cap...
by sighchological
Tue Dec 12, 2017 8:28 pm
Forum: Investing - Help with Personal Investments
Topic: Help w/ portfolio & w/ approximating stock market
Replies: 8
Views: 890

Re: Help w/ portfolio & w/ approximating stock market

Thanks everyone for the help. Ruralavalon, I have VINIX in my wife’s 403B, but not in my 457b. I have the Equity Index Unitized Account, which is a S&P 500 index. Are you saying that I should sell the small cap in my 457B and my portfolio would look like: Large Cap NYSDCB Equity Index Unitized Accou...
by sighchological
Mon Dec 11, 2017 10:30 pm
Forum: Investing - Help with Personal Investments
Topic: Help w/ portfolio & w/ approximating stock market
Replies: 8
Views: 890

Help w/ portfolio & w/ approximating stock market

Hello everyone, at age 31 it's almost my 5th year investing; thanks for everyone's help here. I’m very likely to move 30% of U.S stocks into international , however, before doing so I have a question regarding a pproximating the total stock market : ---------------------------------- Desired Asset A...
by sighchological
Thu Nov 30, 2017 9:30 pm
Forum: Investing - Help with Personal Investments
Topic: Going from 100% U.S stocks to 30% international?
Replies: 36
Views: 3567

Re: Going from 100% U.S stocks to 30% international?

Thanks staythecourse. I see your point; perhaps there is an element of market timing in my decision making. The thing is it's exhausting being indecisive, as i have been for a while.. i really do want to make a firm decision and stick with it...... if I just wait and wait til international goes bad....
by sighchological
Wed Nov 29, 2017 9:23 pm
Forum: Investing - Help with Personal Investments
Topic: Going from 100% U.S stocks to 30% international?
Replies: 36
Views: 3567

Re: Going from 100% U.S stocks to 30% international?

Thanks for everyone’s responses. Please let me know if the following logic is flawed.. ------------------------------------------------------------------- 1) After reading the "the little book of common sense investing" by John Bogle, which was somewhat of an easy read, I read "common sense on mutua...
by sighchological
Tue Nov 28, 2017 10:38 pm
Forum: Investing - Help with Personal Investments
Topic: Going from 100% U.S stocks to 30% international?
Replies: 36
Views: 3567

Going from 100% U.S stocks to 30% international?

Hello everyone, at age 31 it's almost my 5th year investing; thanks for everyone's help here. ---------------------------------- I am currently 100% U.S stocks; I was indecisive for a couple years about international but after reading more and more I feel safer having 30% of my stocks as internation...
by sighchological
Fri Sep 15, 2017 8:17 pm
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 711
Views: 59653

Re: Equifax customer information leak

Hi guys During the OPM breach, it was recommended on this forum to also freeze Clarity Service, FactorTrust, LexisNexis, and SageStream... is that necessary to do for the Equifax breach? --------------------------------------------- Did anyone actually fill out Form 14039 to the IRS to get a PIN #? ...
by sighchological
Fri Aug 25, 2017 8:05 am
Forum: Personal Finance (Not Investing)
Topic: Pension question: purchase 0.35 yrs of previous service?
Replies: 22
Views: 2524

Re: Pension question: purchase 0.35 yrs of previous service?

receiving conflicting information from NYS comptroller regarding pre and post tax; looking for further clarification...
by sighchological
Thu Aug 24, 2017 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Pension question: purchase 0.35 yrs of previous service?
Replies: 22
Views: 2524

Re: Pension question: purchase 0.35 yrs of previous service?

thanks guys. When you say it's better to pay tax deferred, would you suggest to pay all of it in one shot through my 457B?
by sighchological
Tue Aug 22, 2017 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: Pension question: purchase 0.35 yrs of previous service?
Replies: 22
Views: 2524

Re: Pension question: purchase 0.35 yrs of previous service?

thanks for the advice.

I can either pay for it in by:

1) check in a lump sum
2) payroll deductions (my current pension contributions in my paycheck are before tax deductions but I need to clarify with NYS comptroller if this will be different?)
3) tax deferred funds through my 457B
by sighchological
Tue Aug 22, 2017 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: Pension question: purchase 0.35 yrs of previous service?
Replies: 22
Views: 2524

Re: Pension question: purchase 0.35 yrs of previous service?

Thanks for the help everyone.

I assume it’s better to purchase the previous service tax deferred than from payroll deductions?
by sighchological
Sat Aug 19, 2017 9:32 am
Forum: Personal Finance (Not Investing)
Topic: Pension question: purchase 0.35 yrs of previous service?
Replies: 22
Views: 2524

Re: Pension question: purchase 0.35 yrs of previous service?

Thanks for the advice! ---------------------------------------------------------------------------------------- Regarding COLA: http://www.osc.state.ny.us/retire/retirees/cost_of_living_adjustment.php COLA payments, subject to pension caps and limitations, equal 50 percent of the previous year’s ann...
by sighchological
Fri Aug 18, 2017 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: Pension question: purchase 0.35 yrs of previous service?
Replies: 22
Views: 2524

Re: Pension question: purchase 0.35 yrs of previous service?

I edited the original post to clarify the formula. ------------------------------------------------------------------ The plan did not really offer the purchase; it was initiated by me. In 2009 I worked part time for civil service but did not contribute towards a mandatory pension plan. From 2012 to...
by sighchological
Thu Aug 17, 2017 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: Pension question: purchase 0.35 yrs of previous service?
Replies: 22
Views: 2524

Pension question: purchase 0.35 yrs of previous service?

Hello all, I’m current working for New York State and have 5.2 years of service towards my pension (2012-current). In 2009, I worked for civil service but did not contribute towards my pension plan, so I have the option to pay $1,846.54 to buy back 0.35 years of service. The $1,846.54 was calculated...
by sighchological
Fri Jul 07, 2017 6:57 pm
Forum: Investing - Help with Personal Investments
Topic: PHD student (bro) needs help with financial planning
Replies: 8
Views: 1757

Re: PHD student (bro) needs help with financial planning

Thank you guys for the help. Some other questions/statements: 1) Can the Sister in Law’s (SIL) transfer her IRA to my bro’s TSP even though the TSP is not a joint account? a. Is this preferable to transferring the IRA to Vanguard? 2) Can the SIL do a in service rollover from her 401K to my bro’s TSP...
by sighchological
Wed Jun 21, 2017 9:15 pm
Forum: Investing - Help with Personal Investments
Topic: PHD student (bro) needs help with financial planning
Replies: 8
Views: 1757

PHD student (bro) needs help with financial planning

Hello, I’m trying to help my brother and his wife do some financial planning. Would welcome any suggestions! Thanks in advance. ---------------------------------------------------------------------------------------- Tax Filing Status : Married Filing Jointly Tax Rate: 15% Federal, 4.63% % State Sta...
by sighchological
Sat Nov 12, 2016 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: married; should I change status on pay stub?
Replies: 5
Views: 1273

married; should I change status on pay stub?

Hello, I've been married for around 3 years. However, both my wife and I have a married status as “single” on our paystubs. Our filing status on our 2015 form 1040 is “Married filing jointly”. I’m currently making $43.5K a year and around $8K in hobby income (which I claim on my taxes), while my wif...
by sighchological
Wed Aug 24, 2016 4:53 pm
Forum: Investing - Help with Personal Investments
Topic: Age 30, married, help w/ overall portfolio
Replies: 20
Views: 3902

Re: Age 30, married, help w/ overall portfolio

Thanks Duckie. What I meant was just leaving the portfolio as it is currently, and contributing 100% stocks until it reaches around the desired 56% stocks? I would be: 100% of (VSCPX) Vanguard Small-Cap Index Fund Institutional Plus Shares (0.06%) in my 457 100% of (VINIX) Vanguard Institutional Ind...
by sighchological
Thu Aug 18, 2016 4:30 pm
Forum: Investing - Help with Personal Investments
Topic: Age 30, married, help w/ overall portfolio
Replies: 20
Views: 3902

Re: Age 30, married, help w/ overall portfolio

Thanks Duckie! I did the transactions like you suggested. I was not allowed to move funds out of the TIAA traditional (They said I could only move it 1X a year for the next 10 year) so I just left it as is. --------------------------------------------------------------------------------- As of 8/17/...
by sighchological
Wed Aug 10, 2016 7:37 pm
Forum: Investing - Help with Personal Investments
Topic: Age 30, married, help w/ overall portfolio
Replies: 20
Views: 3902

Re: Age 30, married, help w/ overall portfolio

Thanks Duckie for all your help!

Is the VSGBX in the Roth IRA still acting as an emergency fund?

Any thing else I need to watch out for?

Thanks!
by sighchological
Fri Aug 05, 2016 5:10 pm
Forum: Investing - Help with Personal Investments
Topic: Age 30, married, help w/ overall portfolio
Replies: 20
Views: 3902

Re: Age 30, married, help w/ overall portfolio

Thanks for the info Duckie :happy

I didn’t realize my steps were so complicated. What would you do to make it more simple?

I’ll take your advice about doing points 4 and 5 before 1 and 2. Should I just call the plan and ask them to take care of it for me?
by sighchological
Thu Aug 04, 2016 4:29 pm
Forum: Investing - Help with Personal Investments
Topic: Age 30, married, help w/ overall portfolio
Replies: 20
Views: 3902

Re: Age 30, married, help w/ overall portfolio

Thanks Duckie! There’s so much information; I’m not sure how to proceed. Is this correct? 1) 457B: To be 24% VSCPX, 65% International Equity, and 11% VBMPX, sell/buy funds ( currently $26.4K ) to be: $6.3K of VSCPX, $17.2K of International Equity, and $2.9K of VBMPX. 2) 403B: To be 100% of VINIX , s...
by sighchological
Wed Aug 03, 2016 4:40 pm
Forum: Investing - Help with Personal Investments
Topic: Age 30, married, help w/ overall portfolio
Replies: 20
Views: 3902

Re: Age 30, married, help w/ overall portfolio

Thanks again Duckie for all your help. Couple questions: I was told to https://www.bogleheads.org/forum/viewtopic.php?f=2&t=187151&p=2847879#p2847879, max out the Roth IRA before contributing to the 457B/403B. This year we’ll probably contribute around $23K before taxes towards our 457B /403B and be...
by sighchological
Thu Jul 28, 2016 4:29 pm
Forum: Investing - Help with Personal Investments
Topic: Age 30, married, help w/ overall portfolio
Replies: 20
Views: 3902

Re: Age 30, married, help w/ overall portfolio

Thanks Duckie. I’m having a hard time wrapping my mind around what to do since we have multiple accounts, disparity in income (Wife’s salary is 2x mine) leading to varying percentages of contributions, and my contributions to our retirement plans fluctuate with how much we can afford. Can you explai...
by sighchological
Wed Jul 27, 2016 4:48 pm
Forum: Investing - Help with Personal Investments
Topic: Age 30, married, help w/ overall portfolio
Replies: 20
Views: 3902

Re: Age 30, married, help w/ overall portfolio

Thanks Duckie for your detailed response J It’s very helpful. Some questions: Part of my emergency fund is $11K in VSGBX my Roth IRA. You used that emergency fund as part of my asset allocation. Is it okay to use volatile funds (you suggested VTIAX) as an emergency fund? If it’s OK to do so I’ll mov...
by sighchological
Tue Jul 26, 2016 5:45 pm
Forum: Investing - Help with Personal Investments
Topic: Age 30, married, help w/ overall portfolio
Replies: 20
Views: 3902

Age 30, married, help w/ overall portfolio

I asked for help on our overall portfolio on my previous post, but I did not use the correct formatting. So here it is: Several years ago, I chose my funds and my wife funds separately with the help of people on this forum, but did not consider our overall portfolio while doing so. I realized my err...
by sighchological
Sat May 14, 2016 3:53 pm
Forum: Investing - Help with Personal Investments
Topic: Age 29 & married, pls help w/ overall portfolio
Replies: 9
Views: 2040

Re: Age 29 & married, pls help w/ overall portfolio

Thanks Taylor for your help. The 457B portfolio is my portfolio, but I’m trying to include my wife’s portfolio so that we will have one combined, overall portfolio. I did use the Vanguard Questionnaire, it was helpful. Thanks Autopeep, I think 80% stocks/20% bonds is my desired asset allocation. Sev...
by sighchological
Mon May 02, 2016 6:31 pm
Forum: Investing - Help with Personal Investments
Topic: Age 29 & married, pls help w/ overall portfolio
Replies: 9
Views: 2040

Re: Age 29 & married, pls help w/ overall portfolio

Thanks for the responses. 1) If I invest in the CREF stock, and lose international exposure, could I make that up by and funds in the 457 plan? 2) Yes, I’m trying to consider both our accounts together as one total portfolio. Which percentages are you saying to recalculate? 3) I honestly don’t know ...
by sighchological
Sat Apr 30, 2016 2:50 pm
Forum: Investing - Help with Personal Investments
Topic: Age 29 & married, pls help w/ overall portfolio
Replies: 9
Views: 2040

Age 29 & married, pls help w/ overall portfolio

Hello, I have not contributed to my 457B for 2016 but am planning to max it out. (Cannot afford to max wife’s 403b out, only can match employer’s contributions) ------------------------------------------------ 1) Would you say that our asset allocation of 80% stocks and 20% bonds is OK for our age o...
by sighchological
Thu Apr 28, 2016 6:41 pm
Forum: Investing - Help with Personal Investments
Topic: Tiers of E-Fund in Roth IRA?
Replies: 4
Views: 511

Re: Tiers of E-Fund in Roth IRA?

Thanks everyone. I realize that there is risk holding the e-fund in the Roth IRA; I’m just filling up Roth IRA space with low risk funds before I have enough money to replace a taxable e-fund and replace the Roth e-funds with retirement funds. 1) If I don't have tiers of e-fund money in the Roth IRA...
by sighchological
Thu Apr 21, 2016 7:50 pm
Forum: Investing - Help with Personal Investments
Topic: Tiers of E-Fund in Roth IRA?
Replies: 4
Views: 511

Tiers of E-Fund in Roth IRA?

Hello, I’m currently trying to establish a 6 month emergency fund of $36K for my wife and I in a Roth IRA, and may increase the e-fund to 1 year in the future. I currently have $11K of VSGBX in a Roth IRA, held in 2 separate accounts for my wife and I. This was contributed in 2015. I read that some ...