"The natural evolution of working individuals as they age is that their income increases."
That is not true. Everyone peak at a different level.
lobsterman2112,lobsterman2112 wrote: ↑Tue Mar 28, 2023 8:11 am I have a family member in India who needs a fairly substantial loan in the near future and is asking for my help. Let's say for argument that I am going to agree to loan them the money.
The amount of the gift will be ~$20-25k. It will be via a wire transfer, not crypto.
Ivygirl,Ivygirl wrote: ↑Mon Mar 27, 2023 7:32 pm
I'll point out that, when you were living in actual poverty, you would not have been able to benefit from cash back or credit card rewards, because you were too poor. Poor people do not benefit from these schemes, they pay them. That is past you and me, paying. Someone who dined large at Ruth's Chris "earned" cash back that past you and me would have paid.
If you personally have never paid credit card interest, then okay, fair point, it was just past me.
dogagility,dogagility wrote: ↑Sun Mar 26, 2023 8:33 pm
In any event, I think it's wise for you to plan on putting some money into your 529 now.
Tyrael314,Tyrael314 wrote: ↑Sun Mar 26, 2023 1:15 pmI read your reply as a 529 doesn't make any sense for him at all.KlangFool wrote: ↑Sun Mar 26, 2023 9:53 amAt OP's income level and tax level, why does it makes any sense for OP to do not max up the Trad 401K and do an after Federal Income tax contribution to 529?
1) Why does it makes any sense for you to pay Federal income tax in order to make an after-tax contribution to the 529?VVenti7401 wrote: ↑Sat Mar 25, 2023 9:53 pm
Thanks for the feedback, question what did you mean that 529 does not make sense due my income being too low? I live in NYC and the state offers a tax deduction for contributions which then grows tax free.
At OP's income level and tax level, why does it makes any sense for OP to do not max up the Trad 401K and do an after Federal Income tax contribution to 529?
Thanks.Beachey wrote: ↑Sat Mar 25, 2023 9:06 am We just renewed my daughters, because she is a minor we had to do it in person. I was able to get an appointment within a few days (this was the end of December). We did pay to expedite but I did not pay for USPS express service. We received it the end of January (so about ~ 4 weeks by expedite) as we traveled out of the country in February.
I think it makes sense to use USPS Priority mail for the traceability. By regular mail, we got the passport within a few days. When you give them your email they send you updates that are almost as good as the Priority traceability on sending to you but sending it in might be more of a black hole.
Thanks. Do I just pay the extra $19 for the 1-2 day delivery?stan1 wrote: ↑Sat Mar 25, 2023 8:54 amThere is a different PO box for expedite. Pay the $190.KlangFool wrote: ↑Sat Mar 25, 2023 8:49 am Folks,
For people that choose expedite processing and 1-2 day delivery, how do you indicate that is what you want? There is nothing on the form to indicate that. Do you just mail your form the expedite facility and pay the extra fees on your check?
Thanks in advance.
The instructions also say to write "expedite" on the front of the envelope.
You are probably a lucky person. In my case, counting on luck usually does not work out for me.noraz123 wrote: ↑Fri Mar 24, 2023 8:50 pmPerhaps too naive, but I recently sent in my old passport and paperwork via regular usps.
I was able to check status this past week on their website and it showed it was received a few days after mailing it.
kchico,kchico wrote: ↑Tue Mar 21, 2023 7:10 pm
Things are getting difficult at work and I am feeling like pulling the plug and retire but I do not feel ready because everything changed in last 2 weeks. My company eliminated 10 people in a team 12 and I now have a crazy work load and I am being forced to go back to the office which I am not a fun off after really enjoying working from home for a few years after Covid. I am 38 and my wife 39 and we have two kids 7 and 4.
kchico,kchico wrote: ↑Tue Mar 21, 2023 7:10 pm
Age: 38 and 39
Total Portfolio: $1.75M
81% Fidelity 500 Index (FXAIX)
10% Fidelity International Index (FSPSX)
9% Vanguard International Growth Admiral (VWILX)
Company match? 4%
His Roth IRA at E-trade
Traditional IRA at E-trade
Her Roth IRA at E-trade
Her Roll-Over IRA at E-trade
Her Traditional IRA at E-trade
How long have you being earning this income?TechRunnerZenDad wrote: ↑Tue Mar 21, 2023 6:41 pmHi KlangFool.
Went through my 2022 tax returns to get the following numbers:
Total income (Line 9 1040): 407,020
Total Fed taxes (Line 24 1040) 80,755
Total State Taxes (Line 12 PA-40) 12,952
Total Local Taxes 6,582
After-Tax 401k 21,200
That leaves 66,031 for expenses
If the nominal value can change, it is not cash. Physical cash, checking and saving account, MMF. It is not that hard.TheTimeLord wrote: ↑Mon Mar 20, 2023 11:03 amI am going to be honest, I couldn't to save my life come up with a consistent BH definition for cash. People use the term all the time and I get the gist but to me it is a term without definition in the BH universe.KlangFool wrote: ↑Mon Mar 20, 2023 10:57 am OP,
1) It does lose it's nominal value. Aka, you know exactly the dollar value.
2) Accessibility, you can get at it when you want it. It is not subject to someone's else decision. Aka, HELOC does not qualify since it can be cancelled.
3) It does not cost you to use the money. For example, you have to pay interest in order to use it.
4) Cash or cash equivalent.