Search found 589 matches

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: 3202

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: 3569

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: 3569

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: 16067

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: 296

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: 296

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: 2123

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 distr...
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: 1403

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: 599

Re: Looking for some input on job offers

What does family friendly at a work place mean?
by ved
Sat Jul 15, 2017 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: Missing 1099-INT for Mango Money Account
Replies: 6
Views: 481

Re: Missing 1099-INT for Mango Money Account

Can't you just estimate the interest? I think the max that Mango (and these other prepaid cards) pay interest for is $5,000, and the interest rate is 5%. If you had the full $5k in there, the 5% interest comes to $250 per year. Depending on the number of months the account was open, you can pro-rate...
by ved
Thu Jul 13, 2017 11:39 am
Forum: Investing - Help with Personal Investments
Topic: Advice for Asian Indian friend on parking 100k
Replies: 14
Views: 1317

Re: Advice for Asian Indian friend on parking 100k

NRE account is repatriable to US dollars, and there is no tax on the Indian side for any earnings. But, the account is held in Indian rupees - so, there's the exchange from $ to Rs going in, exposure to currency fluctuation & devaluation during the term, and exchange from Rs to $ when the money ...
by ved
Wed Jul 12, 2017 12:21 pm
Forum: Investing - Theory, News & General
Topic: Bobby, say it ain't so [Robert Shiller's new CAPE fund]
Replies: 6
Views: 1343

Re: Bobby, say it ain't so

Sort of like an structural engineer building concepts for a bridge, but never seeing if it works in real life. Not too many structural engineers just conceptualize. They have to design and build actual structures. Maybe you meant architects - they can conceptualize structures that could seem to def...
by ved
Sun Jun 18, 2017 8:23 pm
Forum: Personal Consumer Issues
Topic: Roof Replacement - options
Replies: 6
Views: 895

Re: Roof Replacement - options

Thank you, Stevie.

Yes, I saw some houses in my neighborhood go with the ridge vent, while others have the whirlybird vents.
Do you know what the difference is, and which is better?

Thanks
by ved
Sun Jun 18, 2017 2:22 pm
Forum: Personal Consumer Issues
Topic: Roof Replacement - options
Replies: 6
Views: 895

Re: Roof Replacement - options

Thanks for the reply.

I think the way I understood it is that the insurance company is going to hold the $1k to make sure I get the job done. And will give that $1k on showing the invoice from the roofer.
by ved
Sun Jun 18, 2017 1:13 pm
Forum: Personal Consumer Issues
Topic: Roof Replacement - options
Replies: 6
Views: 895

Roof Replacement - options

Hi all, My roof (in upper midwest) is about 20 years old. I saw a few shingles fly off my roof a few weeks ago. So, I called a roofer (referred by a friend). He came by went up to the roof, and said that there's about 50 shingles blown off, and because it's an old roof, he recommends replacement, in...
by ved
Fri Jun 02, 2017 9:54 am
Forum: Personal Consumer Issues
Topic: Responding to a weird job interview question..
Replies: 31
Views: 3182

Re: Responding to a weird job interview question..

Is the teenager female?
Is the workforce mostly male?

In this case, it would be prudent for the employer to find out before hiring, rather than face complaints about sexism, etc.
by ved
Thu May 25, 2017 6:03 pm
Forum: Investing - Help with Personal Investments
Topic: How to calculate the top of the 15% bracket?
Replies: 23
Views: 2456

Re: How to calculate the top of the 15% bracket?

Are you filing your taxes as Married Filing Separately (MFS), and not Married Filing Jointly (MFJ)? If you file MFS, then you can separate her income and expenses from yours - but generally this results in higher combined taxes than doing MFJ. If you are doing MFJ, then you need to combine your inco...
by ved
Fri May 19, 2017 12:48 pm
Forum: Personal Consumer Issues
Topic: garage door problem
Replies: 25
Views: 1795

Re: garage door problem

sorry to hijack this thread, but was wondering about this happening in a rental. Would the landlord then be required to provide transportation (or at least pay for it), until the tenant is able to have access to his/ her car? What would be a daily $ limit be? Will it be paid for by the homeowner's i...
by ved
Sun May 14, 2017 8:43 pm
Forum: Personal Finance (Not Investing)
Topic: ESOP and IRA contributions
Replies: 4
Views: 430

Re: ESOP and IRA contributions

What box is checked in W2 to make your adviser think that you may not qualify for IRA?
by ved
Wed May 10, 2017 11:02 am
Forum: Personal Finance (Not Investing)
Topic: Able to Back Door Roth?
Replies: 8
Views: 762

Re: Able to Back Door Roth?

1. No, you cannot. I thinlk IRS says the tIRA balances as of Dec 31 should be considered whether any Roth conversions are prorated (not at the time of the conversion).

2. No idea
by ved
Sat May 06, 2017 2:54 pm
Forum: Investing - Help with Personal Investments
Topic: Am I letting the Taxes Wag my Investments?
Replies: 9
Views: 1501

Am I letting the Taxes Wag my Investments?

Hi all, I am pretty sure I know the answer to my question. But, am not able to pull the trigger. We have a couple of stocks (play money) that I bought a while (~10 years) ago. These are currently worth about $45k, with $15k in LT gains. These are less than 5% of our portfolio. I have turned off divi...
by ved
Sat May 06, 2017 10:25 am
Forum: Personal Finance (Not Investing)
Topic: Job Decision
Replies: 53
Views: 4063

Re: Job Decision

OP, Great advice form a lot of the folks here. You seem to be in a fragile state of mind. Maybe this has been building up over the years, or has exacerbated over a short period. Look at the positives in your life: You have the freedom to go anywhere you please. You have the financial resources that ...
by ved
Fri May 05, 2017 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: wife offered her bosses position, questions
Replies: 17
Views: 1376

Re: wife offered her bosses position, questions

OP,

ok. I will bite :-)

Let's say the manager agreed to talk to you about your spouse's role/ position.
What would you ask the manager?
by ved
Thu May 04, 2017 3:14 pm
Forum: Personal Consumer Issues
Topic: Two night trip
Replies: 9
Views: 950

Re: Two night trip

If you are willing to drive a bit longer, Traverse City is a beautiful place, with wineries, boating and a national park (Sleeping Bear Dunes).
by ved
Thu May 04, 2017 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: Starting new job mid-career - What advice to learn from my past?
Replies: 39
Views: 2460

Re: Starting new job mid-career - What advice to learn from my past?

OP, You keep referring to your customers as incompetent, because they cannot understand your guides, or measure up to some level that you have set in your mind. But, if you are refusing to help them, even though you have the time, and are engaging (have engaged) in side pursuits on the company's tim...
by ved
Thu May 04, 2017 11:48 am
Forum: Personal Finance (Not Investing)
Topic: Starting new job mid-career - What advice to learn from my past?
Replies: 39
Views: 2460

Re: Starting new job mid-career - What advice to learn from my past?

There is a knack for saying "no" without actually saying it. You could use any of the excuses/ white lies - say you are busy with another customer on a critical issue. In the mean time, ask them to review the web-guide, and come back with any questions. Politely tell them that there's a gu...
by ved
Fri Apr 28, 2017 3:31 pm
Forum: Personal Consumer Issues
Topic: A Game of "Who is responsible"
Replies: 45
Views: 3190

Re: A Game of "Who is responsible"

OP, Didn't the plumber get your signature at the end of the job, that you accept that the job was completed properly and to your satisfaction (or words to that effect)? If so, then you didn't test the toilets & faucets to make sure they were working. So, either you were trusting, lazy or neglig...
by ved
Fri Apr 28, 2017 3:31 pm
Forum: Personal Consumer Issues
Topic: A Game of "Who is responsible"
Replies: 45
Views: 3190

Re: A Game of "Who is responsible"

Let's assume he turned the water back on and tested the toilet before he left, and found out it came with a bad gasket. Now he says "Either you can go to Lowe's and get a replacement gasket, while the 2 of us wait here, then we install it, which will take an extra hour x 2 of us, so $100."...
by ved
Fri Apr 28, 2017 2:48 pm
Forum: Personal Consumer Issues
Topic: A Game of "Who is responsible"
Replies: 45
Views: 3190

Re: A Game of "Who is responsible"

OP, Didn't the plumber get your signature at the end of the job, that you accept that the job was completed properly and to your satisfaction (or words to that effect)? If so, then you didn't test the toilets & faucets to make sure they were working. So, either you were trusting, lazy or neglige...
by ved
Thu Apr 20, 2017 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: When does it make sense to start paying down (or off) a low rate mortgage?
Replies: 53
Views: 5712

Re: When does it make sense to start paying down (or off) a low rate mortgage?

I had my remaining mortgage amount at about half of my emergency fund around end of last year. At the rate I was paying my mortgage, it would have taken 3 years to pay it off (at about 3% rate). I decided to pay off the mortgage with my emergency fund, and get a better return on that money than the ...
by ved
Tue Apr 18, 2017 11:38 am
Forum: Investing - Help with Personal Investments
Topic: Company merger-- effect on retirement contributions ?
Replies: 3
Views: 255

Re: Company merger-- effect on retirement contributions ?

Regardless how many employers you have in any particular year, your max contribution is limited to $18k (for under 50 years old). That is per IRS, nothing to do with mergers, takeovers, etc. So, if you already contributed $5k for your previous company's 401k plan...you have $13k to contribute to the...
by ved
Thu Apr 13, 2017 12:18 pm
Forum: Personal Consumer Issues
Topic: Working without an office - Strategy
Replies: 29
Views: 2020

Re: Working without an office - Strategy

Involve your union reps. The management can require everyone to work at an office, where reasonable, ergonomic space is provided suitable to the work conditions work required. Or, they can allow you to work anywhere of your choosing, provided it is safe for you and your company to do so. If they req...
by ved
Sat Apr 08, 2017 7:44 pm
Forum: Investing - Theory, News & General
Topic: How to TLH in Real LIfe
Replies: 38
Views: 2967

Re: How to TLH in Real LIfe

Barefootgirl wrote:I am maxing my 401K plus Catch Up contributions plus full HSA and an FSA....still need to get lower...


How are you contributing to an HSA and an FSA?
I thought it was either one or the other.
by ved
Wed Apr 05, 2017 8:45 pm
Forum: Personal Consumer Issues
Topic: How best to handle disrespectful employee?
Replies: 40
Views: 3891

Re: How best to handle disrespectful employee?

The qualifying and on-boarding processes are part of companies policies and procedures, that all employees are required to adhere to. That's what they sign off on on the first day - as condition of employment. By over-selling, he is obviously able to exceed his targets, at the expense of the company...
by ved
Fri Mar 31, 2017 9:10 pm
Forum: Personal Finance (Not Investing)
Topic: Tuition or 401k at 49?
Replies: 7
Views: 789

Re: Tuition or 401k at 49?

^^^^ This.
The people hiring the 22 year olds will be themselves 30 -35 years old, at best. So, they may get intimidated/ not inclined/ whatever to hire a 50+ year old person.
by ved
Fri Mar 31, 2017 2:03 pm
Forum: Investing - Help with Personal Investments
Topic: Feel Behind -- Thoughts on my Strategy?
Replies: 17
Views: 1848

Re: Feel Behind -- Thoughts on my Strategy?

Though it is fun to project these numbers out and plan, a lot of things change in the mean time. The relevant thing that would change is your income - assuming you are keeping up with your skills to grow your career. What I suggest is to keep investing away for retirement as much as you can, without...
by ved
Fri Mar 24, 2017 11:10 am
Forum: Investing - Help with Personal Investments
Topic: [Questions about my company's "In-Plan Roth Conversion"]
Replies: 9
Views: 606

Re: [Questions about my company's "In-Plan Roth Conversion"]

Everything retiredjg said above One thing about the $20k - yes that the remaining amount after your 18K + company match contributions. But, that's the maximum allowed by law ($54k). Your plan could have further restrictions. My plan, for example, allows only upto 10% of the salary to go into the aft...
by ved
Thu Mar 23, 2017 8:47 pm
Forum: Investing - Help with Personal Investments
Topic: [Questions about my company's "In-Plan Roth Conversion"]
Replies: 9
Views: 606

Re: [Questions about my company's "In-Plan Roth Conversion"]

Yes. What you are describing is what is known around here as Mega Back Door Roth conversion. What you need to find out is if you can rollover this after-tax amount periodically into a Roth IRA (outside of your 401k), or on;ly to teh Roth 401k (which is still part of your 401k). Call your 401k custod...
by ved
Thu Mar 23, 2017 3:56 pm
Forum: Investing - Theory, News & General
Topic: Why nobody talk about cash allocation ?
Replies: 17
Views: 2250

Re: Why nobody talk about cash allocation ?

I feel that a greater % of portfolio allocation in cash is good to have at the beginning period of a career, and again at the end of the career. For the beginning period in one's career, you are building your portfolio in stocks and bonds. You don't want to depend on short-term / emergency needs, an...
by ved
Tue Mar 21, 2017 8:30 am
Forum: Investing - Help with Personal Investments
Topic: Pre-Retirement Income & Post Retirement Expenses
Replies: 15
Views: 1245

Re: Pre-Retirement Income & Post Retirement Expenses

I am not anywhere close to retirement, but I would think these expenses would not be there in retirement: FICA & Medicare taxes - about 9% 401k & other savings - about 10 - 15% reduction in Fed and State taxes - x% But, there could be increase in expenses: Healthcare premiums Travel and othe...
by ved
Mon Mar 20, 2017 11:41 am
Forum: Investing - Help with Personal Investments
Topic: Yet another mega backdoor rollover question
Replies: 8
Views: 519

Re: Yet another mega backdoor rollover question

So here are my questions. 1-If i convert the post-tax portion to a Roth, do i have to convert the pre-tax portion to a tIRA as well? The after-tax sub-account within your 401k can be rolled over to Roth IRA or Roth 401k by itself, without impacting or impact from the pre-tax 401k sub-account. Howev...
by ved
Sun Mar 19, 2017 7:06 pm
Forum: Investing - Help with Personal Investments
Topic: Selling mutual funds in a ROTH
Replies: 13
Views: 1072

Re: Selling mutual funds in a ROTH

Yes, you can transfer the Simple IRA to Vanguard. Just so you get used to the terminology: Transfer - from one custodian to another (say for example, Fidelity to Vanguard). This can be done "in-kind", which means the funds are not sold in the origin custodian before transferring to the des...
by ved
Sun Mar 19, 2017 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: AGI considerations when planning for mortgage?
Replies: 5
Views: 419

Re: AGI considerations when planning for mortgage?

OP, You should see how much you can afford for the house. Manipulating your 401k/IRA contributions to get to a specific AGI is not the way to go. The guidelines are that your monthly mortgage payment (principal + interest) should not be more than 25-33% of your gross pay (i.e, before your taxes, ded...
by ved
Sun Mar 19, 2017 2:56 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Lot Selection
Replies: 8
Views: 387

Re: Tax Lot Selection

I don't know what the other custodians offer, but in VG you can sort the tax lots (in the sell section), to see what your minimum gain (or max loss) lots, and select the ones that you want to sell. Yes - it is a little bit of work (you have to select each lot) to select the lots to see how much your...
by ved
Sun Mar 19, 2017 2:44 pm
Forum: Investing - Help with Personal Investments
Topic: Getting company to change 401k custodian
Replies: 15
Views: 1008

Re: Getting company to change 401k custodian

How big is your employer? If it is close to a mega-corp, then, your chance would be close to zero. These companies have committees to research, analyze and recommend the optimal solution to the executives. Which means, there will be consultants that provide a lot more "customized info" tha...
by ved
Sun Mar 19, 2017 11:06 am
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth IRA reality check
Replies: 5
Views: 659

Re: Backdoor Roth IRA reality check

2. If it grows in value between the time of the initial contribution and the conversion , then you pay tax on the increase. But ( here is the illumination), that just means you functionally converted more than the maximum allowed, right? E.g., if you contribute $5500 and it grows to $6000 when you ...
by ved
Sun Mar 19, 2017 10:05 am
Forum: Investing - Help with Personal Investments
Topic: facing unexpected capital gains - tax loss harvesting options...
Replies: 44
Views: 2132

Re: facing unexpected capital gains - tax loss harvesting options...

If all you want to do is realize losses in the short term (within the next 9 months), why don't you buy some penny stocks? Chances are you will lose most of the investment. If not, and you gain, then you can use the gains to pay the tax bill on the liquidated company shares. Win-win either way (for ...
by ved
Sat Mar 18, 2017 8:58 pm
Forum: Investing - Help with Personal Investments
Topic: facing unexpected capital gains - tax loss harvesting options...
Replies: 44
Views: 2132

Re: facing unexpected capital gains - tax loss harvesting options...

So, let's say you have $100k in gains from the employer stock. And, let's say you are trying to offset $50k of those gains with losses from your proposed approach. Assuming you will try to mimic the S&P500 (or another index) to create your own basket of stocks, and make about 8% on your basket i...
by ved
Sat Mar 18, 2017 10:58 am
Forum: Personal Finance (Not Investing)
Topic: Just laid off - what to do
Replies: 76
Views: 12344

Re: Just laid off - what to do

I have one question for everyone: If i get an opportunity for extension in the same company but in another department (and a possible layoff in 5-6 months from now) or get a severance pay of a few months now (from current department), which option should i choose. I don't expect a severance if I st...