Search found 630 matches

by ved
Tue Oct 17, 2017 8:12 pm
Forum: Personal Finance (Not Investing)
Topic: Think I froze credit... any reason not to apply for credit to test?
Replies: 10
Views: 925

Re: Think I froze credit... any reason not to apply for credit to test?

I don't know the answer..but what are the "big 5"?
I know only Equifax, TransUnion and Experian.
by ved
Wed Oct 11, 2017 8:06 pm
Forum: Investing - Help with Personal Investments
Topic: Adding money to 401K/403b late in the year.
Replies: 18
Views: 840

Re: Adding money to 401K/403b late in the year.

OP,

10% seems too low. Please check again - it might be for after-tax contributions
by ved
Wed Oct 11, 2017 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance as an inheritance?
Replies: 10
Views: 506

Term Life Insurance as an inheritance?

Hi, I was wondering if anyone continues their term-life insurance, even after they are financially independent and/or have retired? I was looking at term4sale.com, and for a 50-year-old male, a $1 million, 30-year term life costs about $2,500 to $3,000 per year. So, at the worst (or best?) case, he ...
by ved
Wed Oct 11, 2017 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: Growing old without kids or younger caring relatives
Replies: 103
Views: 17876

Re: Growing old without kids or younger caring relatives

2. This particular operation is a for-profit entity. I learned from my friend that did some consulting work for them, share distributions were running ~20+% per year. So, in the setting of the above, owners maintained a ~20%/year yield. This is a breach of trust by your friend. As a consultant, one...
by ved
Wed Oct 11, 2017 1:14 pm
Forum: Investing - Help with Personal Investments
Topic: ESPP with Walmart (associate stock purchase plan)
Replies: 8
Views: 588

Re: ESPP with Walmart (associate stock purchase plan)

Instead of selling at ComputerShare, can you transfer it to another brokerage? My ESPP plan with ComputerShare allows transfer to another brokerage of your choice for free. So, you could open an account at one of the discount brokerages (TD Ameritrade, or others) and transfer your shares there and s...
by ved
Sun Oct 08, 2017 7:52 pm
Forum: Personal Consumer Issues
Topic: What to do with unused paint?
Replies: 38
Views: 2304

Re: What to do with unused paint?

Thanks for all the replies. My local paint store will not take it back. I even asked if I can leave them in a corner of the store and let their other customers take it if they want to sample it, but they won't allow that. I am told by local township that either I should dry it (mix it with kitty lit...
by ved
Sun Oct 08, 2017 6:24 pm
Forum: Personal Consumer Issues
Topic: What to do with unused paint?
Replies: 38
Views: 2304

What to do with unused paint?

Hi,

We got our house painted this past summer. To select the colors, we bought a lot of samples (quart size) from Sherwin Williams.
What do we do with all those samples? Can we donate them somewhere?
by ved
Fri Oct 06, 2017 11:57 am
Forum: Personal Finance (Not Investing)
Topic: Megabackdoor Roth Waiting Period?
Replies: 18
Views: 1266

Re: Megabackdoor Roth Waiting Period?

The duration and frequency restrictions are purely a function your 401k plan rules. You should check with them. Generally you should do it as quickly and as often as practical. You can rollover after-tax employee contributions and earnings to a Roth IRA. The after-tax contribution rolls over tax fr...
by ved
Wed Sep 27, 2017 3:49 pm
Forum: Investing - Help with Personal Investments
Topic: Increase 401K percentage or contribute to ESPP?
Replies: 14
Views: 851

Re: Increase 401K percentage or contribute to ESPP?

OP, What ryman and others are saying is that you can do both - contribute to 401k & to the ESPP. Let's talk some numbers here, to make it a little clearer. You said that you contribute 12% to 401k, and 3% to ESPP - and are wondering if you should contribute 15% (= 12% + 3%) to 401k or to ESPP. First...
by ved
Wed Sep 27, 2017 1:21 pm
Forum: Personal Consumer Issues
Topic: $700 to install a dishwasher seem by a plumber?!
Replies: 65
Views: 4462

Re: $700 to install a dishwasher seem by a plumber?!

Our run-of-the mill dishwasher needs replacing and our condo requires the installation be done by a licensed plumber. I sent photos to two different plumbers in Chicago . They both surprisingly quoted me $700! I could not believe why it was so high. In past I have it done for less than $150 by regu...
by ved
Mon Sep 25, 2017 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: How Often Do you make a Back-Door Roth Conversion
Replies: 29
Views: 2477

Re: How Often Do you make a Back-Door Roth Conversion

But, how long do you think is reasonable (or the legislation would consider reasonable)? 1 day, 1 month, 1 year, 5 years? How long would you wait for that legislation to be proposed and made into a law?
by ved
Mon Sep 18, 2017 4:11 pm
Forum: Investing - Help with Personal Investments
Topic: ESPP Shares - Transfer to Brokerage - Wash Sale Considerations
Replies: 2
Views: 255

Re: ESPP Shares - Transfer to Brokerage - Wash Sale Considerations

Bump... For what it's worth, I called ComputerShare, and the representative was just reading off the script on what a wash sale is...but when pressed, she said they don't offer tax advice. I don't want tax advice...I want to know if they track future purchases and adjust the cost basis, per wash-sal...
by ved
Mon Sep 18, 2017 1:02 pm
Forum: Investing - Help with Personal Investments
Topic: ESPP Shares - Transfer to Brokerage - Wash Sale Considerations
Replies: 2
Views: 255

ESPP Shares - Transfer to Brokerage - Wash Sale Considerations

Hi all, I have an ESPP offered from my employer, and administered by ComputerShare corporation. Basically, I buy the shares through payroll deduction (every 2 weeks). Then, sell them every 3-4 months. The transaction costs are about $25 to $30 (depending on the number of shares). This precludes me f...
by ved
Sat Sep 16, 2017 8:02 pm
Forum: Personal Consumer Issues
Topic: saving an edited pdf file?
Replies: 14
Views: 694

Re: saving an edited pdf file?

OP - 'Print to File' is not what we are talking about above. A 'Print to PDF' type print driver definitely will work. What operating system is your computer using? Windows 7, 8, 10, etc? or Mac OS X? Other? Tell us and I will give you exact instructions on how to save your filled out form to a file...
by ved
Fri Sep 15, 2017 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: Let's talk about your FI # and family income [Financial Independence]
Replies: 165
Views: 15383

Re: Let's talk about your FI # and family income

Yep, it is all about expenses and almost nothing to do with family income. And I'll throw out another twist: I think in 2006 our investable assets were about 6X family income and we could have been considered financially independent (we know how to live well below our means). But 2008-2009 our inve...
by ved
Fri Sep 15, 2017 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: Let's talk about your FI # and family income [Financial Independence]
Replies: 165
Views: 15383

Re: Let's talk about your FI # and family income

Wouldn't the target FI number depend on the age?
A 30 year old FI number would be much larger than a 60 year old FI number
by ved
Fri Sep 15, 2017 11:46 am
Forum: Investing - Theory, News & General
Topic: Help! - How to improve small company 401k?
Replies: 19
Views: 1772

Re: Help! - How to improve small company 401k?

I would be careful (especially as a new employee) even remotely insinuating about shenanigans with the executives. Sure way to have yourself blacklisted in the execs opinion (and that will flow down the management chain). Agreed that the fund expenses are outrageous, but no where compare to your sal...
by ved
Thu Sep 14, 2017 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: HSA Timing
Replies: 9
Views: 931

Re: HSA Timing

You can not open and fund an HSA until you are eligible. You are not an HSA eligible individual until you have an HSA qualifying HDHP. You want to wait to make the HSA contributions by payroll deduction anyways. HSA contributions by payroll deduction are pre-tax for federal, state except (AL, CA, a...
by ved
Tue Sep 12, 2017 1:23 pm
Forum: Investing - Help with Personal Investments
Topic: Pseudo-bridge financing
Replies: 10
Views: 930

Re: Pseudo-bridge financing

Money is fungible. In the short-term, why not sell equities in your tax-advantaged account and buy bonds to get back to your AA - it will not be a taxable event. Then, when you sell your house, you can reverse this transaction in the tax-advantaged account, and buy bonds & stocks in your taxable acc...
by ved
Mon Sep 11, 2017 1:09 pm
Forum: Investing - Help with Personal Investments
Topic: Traditional 401K vs Roth 401K
Replies: 90
Views: 5014

Re: Traditional 401K vs Roth 401K

I think you also need to take your income into account, as this determines Roth IRA eligibility. For example, my wife and I make more than $186k combined. When filing jointly, Roth IRA (not Roth 401k) eligibility starts to phase out at $186k (in 2017). I like Roth IRAs, as I can always withdraw the...
by ved
Mon Sep 11, 2017 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: HSA investment drawdown methods
Replies: 8
Views: 707

Re: HSA investment drawdown methods

Yes, you can reimburse yourself from the HSA years after the expense has occurred, and you have paid the bill from your non-HSA funds. However, you should have had an HSA prior to the date that the expense occurred. That is, if you started your HSA in 2013, then you cannot reimburse yourself on expe...
by ved
Fri Sep 08, 2017 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: Question Re: Max 401K Contribution
Replies: 28
Views: 2065

Re: Question Re: Max 401K Contribution

Others more knowledgeable will pitch in here. Until then, I think: $18k limit is per employee - regardless of the number of jobs they are working at, and split across any way employee chooses. $54k limit is per employee per employer - so each job can contribute upto $54k in employee contributions, c...
by ved
Fri Sep 08, 2017 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 711
Views: 47007

Re: Equifax says info stolen. What's my best course of action?

Hi Sunny, This is Daisy Dog. Sorry I'm writing about this security breach instead of writing about something fun! But I can't find where on the website to access the information on whether I was a victim. I'm trying to call them but have been on hold for over a half hour so far. Thanks! Daisy Go he...
by ved
Fri Sep 08, 2017 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 711
Views: 47007

Re: Equifax says info stolen. What's my best course of action?

When I checked last night, the website showed that my information is not compromised. When I checked again an hour ago, its saying information is compromised. Did this happen to anyone else too? Yep - last night it said something like- Thank you for checking. Now, it says info may be compromised.
by ved
Fri Sep 08, 2017 11:53 am
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 711
Views: 47007

Re: Equifax says info stolen. What's my best course of action?

^^^ Yes.

As I said, it may be innocuous (july 29 was a saturday when the breach was identified, and Aug 2 was a wednesday when these execs executed their orders). But the optics is bad for the company.
by ved
Fri Sep 08, 2017 11:44 am
Forum: Investing - Theory, News & General
Topic: Irrational fears?
Replies: 23
Views: 1864

Re: Irrational fears?

Haven't you heard that BogleHeads use a "buy and hold" strategy?
We never sell :-)
by ved
Fri Sep 08, 2017 10:13 am
Forum: Investing - Help with Personal Investments
Topic: Rollover 401k to TIRA or backdoor Roth IRA
Replies: 4
Views: 305

Re: Rollover 401k to TIRA or backdoor Roth IRA

First of all, backdoor Roth IRA is generally referred to converting a non-deductible IRA contribution to Roth IRA. What you are asking about is a normal conversion from tIRA to Roth. If the 401k that you want to rollover is pre-tax funds, then you can roll it over into a tIRA. However, if you covert...
by ved
Fri Sep 08, 2017 9:30 am
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 711
Views: 47007

Re: Equifax says info stolen. What's my best course of action?

The C-suite at Equifax also sold their shares after they know about the breach and before the information could reach the public. Is this insider trading? Certainly would appear to be, at least based on the limited information that is currently public. Executives / officers of publicly traded compa...
by ved
Thu Sep 07, 2017 11:54 am
Forum: Investing - Help with Personal Investments
Topic: Chase Private Client, with a small twist
Replies: 18
Views: 1454

Re: Chase Private Client, with a small twist

Thank you all. You confirmed my gut feeling that I should not transfer to them, just for some limited benefits. It would be fun though to talk to the adviser (without giving my details), and see what their philosophy is to invest a fictitious portfolio consisting of the usual accounts (401k, ira, ta...
by ved
Thu Sep 07, 2017 10:39 am
Forum: Investing - Help with Personal Investments
Topic: Chase Private Client, with a small twist
Replies: 18
Views: 1454

Re: Chase Private Client, with a small twist

So assuming some assets are in a non-tax advantaged account...since you have index funds it's reasonable to assume you have decent gains...did he offer to pay your capital gains taxes if you sell them off to pay his fees and his ER? :D Actually, they didn't even ask about my taxable investments. :o...
by ved
Thu Sep 07, 2017 10:33 am
Forum: Personal Finance (Not Investing)
Topic: Married, owning two homes, file as HOH?
Replies: 43
Views: 2223

Re: Married, owning two homes, file as HOH?

You likely owe more taxes because your incomes are substantially higher and you are pushing into the higher tax brackets. More than likely you will be paying a lot of tax being in medicine and having big salaries. The way of the world. Good luck! I guess what doesnt seem fair is if we were not marr...
by ved
Thu Sep 07, 2017 10:17 am
Forum: Investing - Help with Personal Investments
Topic: Chase Private Client, with a small twist
Replies: 18
Views: 1454

Chase Private Client, with a small twist

Hi, I got a call from my local Chase bank (with whom I have a Credit Card, and nothing else) a couple weeks ago, saying that they could help me look at my financial picture "holistically". So, they asked me to come over to their branch to discuss how they could help. I went there just out of curiosi...
by ved
Sun Sep 03, 2017 6:54 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA or Backdoor Roth?
Replies: 22
Views: 1671

Re: Roth IRA or Backdoor Roth?

First of all, do you have any traditional IRAs (including SEP, Simple IRAs) currently with $ in them? If so, doing a back-door Roth will trigger the pro-rata rule, and may make the backdoor Roth conversion impractical. Assuming you dn't have any traditional IRAs, there are 2 ways: 1. Wait and contri...
by ved
Fri Sep 01, 2017 1:32 pm
Forum: Investing - Help with Personal Investments
Topic: What happens if I over-contribute on a mega-backdoor Roth?
Replies: 2
Views: 319

Re: What happens if I over-contribute on a mega-backdoor Roth?

Your company/ 401k administrator's systems should be able to cut off when you get to $54k (similar to them cutting off any further contributions after you get to $18k in your tradition401k+Roth 401k). However, after the $54k limit is reached, any company matches will be forfeited. So, it's in your b...
by ved
Fri Sep 01, 2017 1:06 pm
Forum: Investing - Help with Personal Investments
Topic: mega backdoor Roth 401k practical issues
Replies: 12
Views: 943

Re: mega backdoor Roth 401k practical issues

You not only get the $2600 (actually, $3600, because you have to pay taxes from outside funds) into the Roth, but also the $36k into the roth - and let it grow tax free from now on. That's a powerful incentive. Continuing that example, let's say now we have $40k after year 1 in the Roth from this af...
by ved
Fri Sep 01, 2017 10:39 am
Forum: Investing - Help with Personal Investments
Topic: mega backdoor Roth 401k practical issues
Replies: 12
Views: 943

Re: mega backdoor Roth 401k practical issues

What pro-rata rule? You mean that you have traditional IRAs, and are wondering if that impacts the in-pan conversion of after-tax 401k to Roth 401k? If so, then 401k and IRA are completely different things, and the pro-rata rule does not apply. Yes - you would have to pay taxes on any gains, during ...
by ved
Mon Aug 28, 2017 9:13 pm
Forum: Personal Consumer Issues
Topic: Exhaust Fan for the bathroom
Replies: 59
Views: 4404

Re: Exhaust Fan for the bathroom

I am having my bathroom painted. he painter said that the spots of mildew are because the exhaust is not powerful enough to suck up the moisture, and said that I should get it replaced. Any suggestions on what to go with? House is about 20 years old. And is it easy to install this, or should I call...
by ved
Thu Aug 24, 2017 11:27 am
Forum: Personal Consumer Issues
Topic: Exhaust Fan for the bathroom
Replies: 59
Views: 4404

Re: Exhaust Fan for the bathroom

Thanks Tomato.

Do you know where you got it from? And the model, if you have?
by ved
Thu Aug 24, 2017 11:15 am
Forum: Personal Consumer Issues
Topic: Exhaust Fan for the bathroom
Replies: 59
Views: 4404

Exhaust Fan for the bathroom

I am having my bathroom painted. he painter said that the spots of mildew are because the exhaust is not powerful enough to suck up the moisture, and said that I should get it replaced. Any suggestions on what to go with? House is about 20 years old. And is it easy to install this, or should I call ...
by ved
Mon Aug 21, 2017 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Should my grandfather liquidate?
Replies: 22
Views: 1732

Re: Should my grandfather liquidate?

Is your grandfather asking about these options -to give it to his inheritors now, or wait until his passing?
What if he lives to be 120 years old, and some/all of his inheritors die before him?
by ved
Fri Aug 11, 2017 8:24 pm
Forum: Personal Finance (Not Investing)
Topic: Can a salaried employee be docked pay...
Replies: 33
Views: 3434

Re: Can a salaried employee be docked pay...

Whether it's allowed or not, do you really want to make a big deal out of this just 45 days into your work at this new company?
What sort of impression will you be creating in the minds of your superiors & HR?
by ved
Fri Aug 11, 2017 6:30 pm
Forum: Personal Finance (Not Investing)
Topic: Health Savings Account
Replies: 37
Views: 3833

Re: Health Savings Account

No question HSA is the best way to invest your money. Money goes in and comes out tax-free both way if you use it to pay medical costs. Invest in it long enough and it would become your long term care insurance. Too bad I don't have a high deductible plan at work. Also, money sitting in HSA and Rot...
by ved
Thu Aug 10, 2017 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: Health Savings Account
Replies: 37
Views: 3833

Re: Health Savings Account

neilpilot wrote:Once you contribute enough to get employer's full IRA match, I view HSA contributions as preferable to both tIRA and Roth.
You mean 401k match?
I have not known about any employers that match IRA
by ved
Thu Aug 10, 2017 10:20 am
Forum: Personal Finance (Not Investing)
Topic: Life at crossroads. What would you do ?
Replies: 198
Views: 17429

Re: Life at crossroads. What would you do ?

I have been following this thread - a lot of great advice. OP, A few points to clarify a things: I am in tech (on the business side) - I haven't heard of this "old tech" vs. "new tech". Can you define (as specifically or as generally as you wish) what those terms are? Is old-tech - mainframe/ green-...
by ved
Sat Jul 29, 2017 7:22 pm
Forum: Investing - Help with Personal Investments
Topic: After tax to Roth 401k conversion
Replies: 4
Views: 329

Re: After tax to Roth 401k conversion

Check if you can direct the earnings portion of the after-tax account to your pre-tax 401k account. That way, the after-tax contributions can go to the Roth 401k and grow tax-free from now on. The earnings will go to the pre-tax 401k, where the taxes have (on these and additional earnings) to be pa...
by ved
Sat Jul 29, 2017 7:07 pm
Forum: Investing - Help with Personal Investments
Topic: After tax to Roth 401k conversion
Replies: 4
Views: 329

Re: After tax to Roth 401k conversion

Check if you can direct the earnings portion of the after-tax account to your pre-tax 401k account. That way, the after-tax contributions can go to the Roth 401k and grow tax-free from now on. The earnings will go to the pre-tax 401k, where the taxes have (on these and additional earnings) to be pai...
by ved
Fri Jul 21, 2017 8:02 pm
Forum: Personal Finance (Not Investing)
Topic: Mega Backdoor Roth Questions
Replies: 22
Views: 2257

Re: Mega Backdoor Roth Questions

Doing a mega backdoor roth is accomplished by a non-hardship, in-service distribution of the after-tax sub-account of your 401k account (both contributions and earnings). You are not technically "withdrawing", and that too not just contributions. See if the SPD talks about in-service distribution or...
by ved
Fri Jul 21, 2017 11:01 am
Forum: Investing - Help with Personal Investments
Topic: Which cost basis is best average cost or FIFO
Replies: 17
Views: 1488

Re: Which cost basis is best average cost or FIFO

As another poster said, go with Spec ID.
That way, you can control which specific lots you want to sell - thus able to sell the lots that have the most losses, if you so choose
by ved
Thu Jul 20, 2017 12:15 pm
Forum: Personal Consumer Issues
Topic: Looking for some input on job offers
Replies: 7
Views: 623

Re: Looking for some input on job offers

What does family friendly at a work place mean?