Search found 179 matches

by pasadena
Sun Oct 21, 2018 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: Mega Backdoor vs Backdoor Roth IRA
Replies: 5
Views: 680

Mega Backdoor vs Backdoor Roth IRA

Hi Bogleheads! I'm currently waiting on an offer from a company whose 401(k) lets you do the Mega Backdoor Roth IRA technique, up to the IRS max. I also have my past employer's 401(k) to rollover somewhere. The (hopefully) new employer's 401(k)'s investment choices are not so good from what I'm seei...
by pasadena
Sun Oct 21, 2018 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 294
Views: 23007

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

I just did this. I'm sitting on a fairly big (for me) amount of cash in VG Prime MM, which I can't invest for the next 1-3 months. So I just transferred the $60k back to ally, distributed into 2 $30k no-penalty CD's. After Jan 15th, it will all go back to VG and the non-EF part of it will be investe...
by pasadena
Thu Oct 04, 2018 10:15 am
Forum: Personal Consumer Issues
Topic: Apple - macOS Mojave
Replies: 33
Views: 2311

Re: Apple - macOS Mojave

I've been running it on my iMac for a few days, and have encountered no issue. I surprisingly like the dark mode. Im planning on upgrading my MacBook Pro today.

Do a backup before upgrading and you should be fine.
by pasadena
Thu Oct 04, 2018 8:47 am
Forum: Personal Finance (Not Investing)
Topic: Unemployed - 401(k), IRAs, etc
Replies: 4
Views: 579

Re: Unemployed - 401(k), IRAs, etc

Also, I would reconsider having your Roth all in bonds. I understand the tax preference of bonds in taxable. But you might be better off with the potentially higher growth asset classes in the Roth. Just something to look at. Yes, I have read up on that a few times. I expect that my 2019 contributi...
by pasadena
Thu Oct 04, 2018 8:41 am
Forum: Personal Finance (Not Investing)
Topic: Unemployed - 401(k), IRAs, etc
Replies: 4
Views: 579

Re: Unemployed - 401(k), IRAs, etc

Current Plan [/u] * Pension : take the lump sum and roll it into the 401(k). Still waiting on the paperwork to see what my options are. I would not be so quick to rollover the pension. Are you vested? I would want to do a detailed analysis. It may be advantageous to consider this part of your fixed...
by pasadena
Wed Oct 03, 2018 11:30 am
Forum: Personal Finance (Not Investing)
Topic: Unemployed - 401(k), IRAs, etc
Replies: 4
Views: 579

Unemployed - 401(k), IRAs, etc

Hello Bogleheads, I was laid off a month ago, and I'm actively looking for a new job. In the meantime, I am trying to figure out what I should do with my finances. My main goals are to keep contributing to a retirement account *if I can do so*, minimize taxes, and make sure I don't fall into some IR...
by pasadena
Tue Oct 02, 2018 5:42 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with cash in the short term?
Replies: 36
Views: 3002

Re: What to do with cash in the short term?

I recently received $40k and need to keep them liquid as I'm between jobs. I kept it simple and bought Vanguard Prime Money Market in my brokerage account. I was already using it for my emergency fund (tier 2).
by pasadena
Mon Apr 30, 2018 9:53 pm
Forum: Personal Finance (Not Investing)
Topic: Signed Car Lease, Dealer calls later asking for a CO-SIGNER despite excellent credit
Replies: 180
Views: 19682

Re: Signed Car Lease, Dealer calls later asking for a CO-SIGNER despite excellent credit

I don't understand why this is so complicated? A contract was signed, with financing (lease). The dealership signed it, so it's a done deal. Their mistake. You don't have to return the car, you don't have to negotiate anything. Simply tell them sorry, not going to get a co-signer, thank you very muc...
by pasadena
Sun Apr 29, 2018 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: [Ally online savings now at 1.80%]
Replies: 233
Views: 39329

Re: Ally online savings now at 1.50%

As I'm moving more and more towards using Ally as my main bank, and as brokerage MM funds are moving in the right direction, I'm in the process of moving my EF out of there - I need it to be out of my reach :oops: So now some of it is at Vanguard in CA Money Market fund - roughly same rate as Ally's...
by pasadena
Wed Apr 18, 2018 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: How old are you and how much do you save for retirement a year
Replies: 244
Views: 32271

Re: How old are you and how much do you save for retirement a year

43, Single. I only use my 401(k) for retirement purposes, and max it out (+ ~6k match). I'm a late starter though (recent-ish immigrant) so the balance is low for my age group. I also only started maxing it out 3 or 4 years ago. Aside from that, I max out my HSA and Roth IRA, and save ~25k in my tax...
by pasadena
Mon Mar 12, 2018 8:48 pm
Forum: Personal Finance (Not Investing)
Topic: Moving back to the US after claiming FEIE for years
Replies: 7
Views: 864

Re: Moving back to the US after claiming FEIE for years

I'm not answering your question, but I suppose you're planning on getting married and sponsoring your wife for a green card, then after 3 years she will get citizenship. Right ? Once she is a citizen she doesn't have to do anything to maintain her status, and even before that, returning once a year ...
by pasadena
Wed Mar 07, 2018 8:20 pm
Forum: Personal Finance (Not Investing)
Topic: Are you ready for Amazon checking?
Replies: 42
Views: 6388

Re: Are you ready for Amazon checking?

Independent George wrote:
Mon Mar 05, 2018 2:11 pm
The article is light on details - I have no idea what features this would have to differentiate it from any other account.
The monitoring of your accounts and transaction so they can make more amazing personalized offers to you.
by pasadena
Tue Feb 27, 2018 10:48 pm
Forum: Personal Finance (Not Investing)
Topic: Tax reform SALT affecting in Bay Area?
Replies: 67
Views: 9866

Re: Tax reform SALT affecting in Bay Area?

I'm in LA. Even being a renter, I will pay more, although I haven't made the exact calculation yet. The $10k limit on state taxes is barely made up for by the standard deduction/personal exemption change. Then there is the fact that I'm going to go from a 28% marginal tax rate to 32% - nobody seem t...
by pasadena
Wed Feb 21, 2018 4:02 pm
Forum: Investing - Theory, News & General
Topic: Staying Motivated: How do you ward off hopelessness?
Replies: 59
Views: 8024

Re: Staying Motivated: How do you ward off hopelessness?

The answer heavily depends on your personal situation, but here's my story. The tl;dr; is - acknowledge those feelings happen, know yourself, and plan accordingly. When I started working (in Europe), saving for a downpayment seemed absolutely insurmountable. There was no way I would be able to save ...
by pasadena
Mon Feb 12, 2018 10:39 pm
Forum: Investing - Theory, News & General
Topic: HSA Recommendations
Replies: 5
Views: 604

Re: HSA Recommendations

I have Optum HSA and use Vanguard funds that are available. Why can't you use Vanguard funds? I suspect you have low balances? I know Optum requires a minimum of $3K in cash before you can go to the brokerage side for mutual funds. Thank you, I was not aware Optum would allow me to do this and will...
by pasadena
Sat Feb 10, 2018 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Live / work in California - Technology Career
Replies: 99
Views: 7577

Re: Live / work in California - Technology Career

I live in LA, and if my employer would let me work remotely, I would move to San Diego tomorrow. But that's a very personal choice and my reasons might not be yours (plus, LA is a huge place, some cities/neighborhoods are nicer than others). You say you can work remotely, but make sure your salary i...
by pasadena
Fri Sep 08, 2017 8:28 pm
Forum: Investing - Help with Personal Investments
Topic: How many funds in your retirement accounts?
Replies: 56
Views: 5512

Re: How many funds in your retirement accounts?

I consider two "buckets" : - Retirement (401k) - invested in a Target Retirement fund (100%) - Probably-Not-Retirement (Roth IRA + Brokerage) - invested in 4 funds (VTSAX (US stocks), VGTSX (Int. Stocks), VWITX (US Bonds), VBTLX (US Bonds). If the Probably-Not-Retirement bucket ever becomes Retireme...
by pasadena
Wed Sep 06, 2017 9:09 am
Forum: Personal Finance (Not Investing)
Topic: How do you track expenses ?
Replies: 58
Views: 5172

Re: How do you track expenses ?

I use YNAB. I moved from YNB4 to the new one (cloud-based) earlier this year. YNAB is one of the best thing that has happened to my finances. Safety-wise, you don't have to link your accounts if that's what is bothering you. Then it's just a bunch of numbers and nothing confidential, really. If your...
by pasadena
Mon Sep 04, 2017 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: Retention Bonus Question
Replies: 6
Views: 1430

Re: Retention Bonus Question

Just be aware that if it's paid up front, it will include tax withholdings - and if you leave early, you will have to repay the bonus + tax. This means you have to pay more than what you have, until the next tax return comes in. See here for an example. So take it if you want, but save it, and also ...
by pasadena
Sun Aug 27, 2017 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: Living Expenses - what's "reasonable"?
Replies: 101
Views: 11557

Re: Living Expenses - what's "reasonable"?

I'm single, living in a HCOL area. If I exclude rent, my monthly expenses amount to $1,300 (includes utilities, though). Add some irregular expenses like car maintenance, vet visits and the occasional splurging (travel home (Europe), vacation, new computer *sigh*, misc entertainment) and I'm probabl...
by pasadena
Mon Aug 21, 2017 7:13 pm
Forum: Investing - Help with Personal Investments
Topic: Lost $7000 today in ONE DAY!
Replies: 183
Views: 19700

Re: Lost $7000 today in ONE DAY!

Thanks, Fallible, for your kind words. Yes, I have written an IPS - at least an initial one, knowing it may change over time as I learn. Just thought I'd share the simple thing that helps me with a one-day loss of several thousand dollars. If compared to what I earned that day, it will scare me int...
by pasadena
Thu Aug 17, 2017 8:02 pm
Forum: Personal Finance (Not Investing)
Topic: Capital One $400 bonus for new checking account
Replies: 108
Views: 20011

Re: Capital One $400 bonus for new checking account

Thanks for the info. It looks like ACH deposit from Chase checking account is not considered Direct Deposit by Captial One 360. I did two $260 transfers from my Vanguard brokerage account on 8/15. Then the next day Cha-Ching! New Account Bonus of $400 is posted! Can you tell me how you do ACH trans...
by pasadena
Wed Aug 16, 2017 12:59 pm
Forum: Investing - Help with Personal Investments
Topic: California - clarification on taxes
Replies: 36
Views: 3628

Re: California - clarification on taxes

At least we get a nice federal tax deduction ..... currently :( . For those making less than the top quintile earners do there are a few higher tax states. Ah. I made that calculation for a friend who was arguing that he would never move to CA because of income tax. He lives in Missouri, which has ...
by pasadena
Wed Aug 16, 2017 12:40 pm
Forum: Investing - Help with Personal Investments
Topic: California - clarification on taxes
Replies: 36
Views: 3628

Re: California - clarification on taxes

Yes, there are limits on Social Security and SDI taxes but as those are reached, you're likely to soon be getting higher tax rates on both federal and state income taxes. Unless you own a house or are extremely generous in your charitable donations, you won't be itemizing deductions until you have ...
by pasadena
Wed Aug 16, 2017 8:14 am
Forum: Investing - Help with Personal Investments
Topic: California - clarification on taxes
Replies: 36
Views: 3628

Re: California - clarification on taxes

JustinR wrote:
Wed Aug 16, 2017 4:27 am
Fed: 28%
State: 9.3%
SDI: 0.9%
Social Security Tax: 6.2%
Medicare Tax: 1.5%
-------
45.9% in taxes?
For what it's worth, Medicare tax rate is 1.45%, not 1.5%.
by pasadena
Mon Aug 14, 2017 8:16 pm
Forum: Personal Finance (Not Investing)
Topic: How does personal wealth affect job hunting?
Replies: 57
Views: 8484

Re: How does personal wealth affect job hunting?

Interesting thread. You speak of wealth, but I wonder if age isn't also a big factor. Both are usually correlated, so it might be hard to separate the two. I'm not wealthy, and nowhere near FI (late starter in the saving money game) but as I grow older, and get more experience, I see the same shift ...
by pasadena
Mon Aug 14, 2017 12:48 am
Forum: Personal Finance (Not Investing)
Topic: US Social Security Income Benefit For Non-Citizen?
Replies: 11
Views: 1895

Re: US Social Security Income Benefit For Non-Citizen?

After having paid Social Security tax long enough to get 40 credits (which translates to ~ 10 years), you are eligible to benefits. Now, how this benefit is paid (or not) depends heavily on the tax treaty between the US and your country. I haven't read the one with Spain, but you may want to start h...
by pasadena
Thu Aug 10, 2017 1:08 am
Forum: Personal Finance (Not Investing)
Topic: Life at crossroads. What would you do ?
Replies: 198
Views: 21867

Re: Life at crossroads. What would you do ?

How hard would it be for you to update your skill set ? You say you're a data scientist - that's seriously trending these days, if you can learn the current techs in the domain. 40 y-o is old for a software developer in top tech the big Bay Area companies and start ups. It's not necessarily old outs...
by pasadena
Tue Aug 08, 2017 11:15 pm
Forum: Investing - Help with Personal Investments
Topic: Invest in the US - planning to leave after 2-3 years
Replies: 18
Views: 2481

Re: Invest in the US - planning to leave after 2-3 years

It's in Article 18 (Pensions) - Modified in the 2009 protocol “Payments under the social security legislation or similar legislation of a Contracting State to a resident of the other Contracting State or to a citizen of the United States, and pension distributions and other similar remuneration ari...
by pasadena
Tue Aug 01, 2017 10:11 pm
Forum: Investing - Help with Personal Investments
Topic: Invest in the US - planning to leave after 2-3 years
Replies: 18
Views: 2481

Re: Invest in the US - planning to leave after 2-3 years

To transfer from my US bank to my FR bank I am using an external service: transferwise . (disclaimer: the link is a referral. You'll get $500 transfer, I'll earn $50). Hey, I was researching them. If I ever need to transfer money, they're in my short list. I'll keep your link :) But between the lin...
by pasadena
Mon Jul 31, 2017 9:39 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard Money Market vs. Savings Accounts
Replies: 78
Views: 27924

Re: Vanguard Money Market vs. Savings Accounts

I gather that you're not planning on using all that cash any time soon. If that's the case, and if I were you, I would open a bunch of no-penalty CD's at Ally, with $25k each at 1.5% APY.
by pasadena
Sun Jul 30, 2017 6:07 pm
Forum: Investing - Help with Personal Investments
Topic: Invest in the US - planning to leave after 2-3 years
Replies: 18
Views: 2481

Re: Invest in the US - planning to leave after 2-3 years

I am transferring $1500 to my French account every month to grow my investments there. May I ask which bank you're using in France ? Mine (HSBC) closed my account in January this year (probably because of FATCA), so I don't have a bank account in France anymore, just an old Assurance Vie with 500 e...
by pasadena
Sat Jul 29, 2017 10:03 pm
Forum: Personal Finance (Not Investing)
Topic: How Much in Your Emergency Fund And Is It Used?
Replies: 197
Views: 27436

Re: How Much in Your Emergency Fund And Is It Used?

Mine is around 25k. That's about 7 months of regular expenses, but really I chose that number because it would cover a new car, or repatriation, with some buffer. I recently decided to up my cash savings on top of it, because my situation at work became a bit uncertain and simultaneously opened a ho...
by pasadena
Sat Jul 29, 2017 8:05 pm
Forum: Personal Finance (Not Investing)
Topic: Should you wait until the due date to pay credit card balance?
Replies: 126
Views: 11442

Re: Should you wait until the due date to pay credit card balance?

I have 3 CC, and pay them all off completely at the end of every month. I completely disregard statement amount and due date - I simply get them to 0 at the end of the month. I do make sure my usage is low just before the statement dates (trying to improve my credit score) and may pay them down a bi...
by pasadena
Fri Jul 28, 2017 9:53 am
Forum: Investing - Help with Personal Investments
Topic: Invest in the US - planning to leave after 2-3 years
Replies: 18
Views: 2481

Re: Invest in the US - planning to leave after 2-3 years

The FR/US tax treaty does recognize US 401(k) and IRA as retirement plans. They are taxed in the US, regardless of residency at the time. That's good :) You say you want to let the rollover IRA be for 10 years. What do you plan to do after that ? As a NRA, any withdrawal (or transfer to the Roth IRA...
by pasadena
Sun Jul 23, 2017 9:10 am
Forum: Personal Finance (Not Investing)
Topic: non-resident alien(UK), convert IRA to Roth, tax ?
Replies: 43
Views: 6953

Re: non-resident alien(UK), convert IRA to Roth, tax ?

As an update to the final posting on the above thread... two weeks ago I successfully converted $4,050 of my 401k into a Roth IRA at Vanguard with no tax withholding or other unexpected or unwanted issues. Everything had to be done by paper, which was a bit of a nuisance, but I suspect the reason f...
by pasadena
Sat Jul 22, 2017 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: What's your personal savings rate?
Replies: 135
Views: 15135

Re: What's your personal savings rate?

I save ~15% of my gross income (401(k) and HSA) - maxing out both. I don't count employer match in my income or in my savings rate. THEN I save ~35 to 45% of my take-home income, depending on whether or not I have overtime. This is divided between savings, backdoor Roth, and brokerage accounts. My m...
by pasadena
Wed Jul 19, 2017 8:02 pm
Forum: Personal Finance (Not Investing)
Topic: Capital One $400 bonus for new checking account
Replies: 108
Views: 20011

Re: Capital One $400 bonus for new checking account

Still waiting for my bonus, did two transfers from my brick and mortar bank and my Capital One savings account, the last transaction cleared on 6/30. Transfers need to post as direct deposits. I had to do it from Vanguard - brick and mortar back didn't work, and I don't think CO savings would work ...
by pasadena
Wed Jul 19, 2017 8:01 pm
Forum: Personal Finance (Not Investing)
Topic: Capital One $400 bonus for new checking account
Replies: 108
Views: 20011

Re: Capital One $400 bonus for new checking account

Opened on 6/19. $250 from Ally and $250 from my employer DD 6/30. No Bonus Additional DD of $250 from employer on 7/14. No Bonus. I never did activate my debit card. I'm debating sending them a vague message asking. I didn't activate mine either. If your second DD cleared last Friday, you should at...
by pasadena
Wed Jul 19, 2017 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: Those Of You In a HCOLA - What's Your Financial Plan
Replies: 68
Views: 8729

Re: Those Of You In a HCOLA - What's Your Financial Plan

I live in LA. My personal situation is quite different from yours, though. I'm older (early 40's), so I do earn quite a bit more, and single. But if you want a datapoint, here's mine. Income : a bit under $140k. Take home pay is ~$5,600 (after taxes, HSA, health insurance, 401(k)) 401(k) : Maxed Out...
by pasadena
Sun Jul 16, 2017 11:06 am
Forum: Investing - Help with Personal Investments
Topic: Hello there [question about savings]
Replies: 10
Views: 1152

Re: Hello there [question about savings]

There's an old Warren Buffett quote, "Don't save what's left after you spend. Spend what's left after you save." This, right there, is what changed my financial life forever. Not the quote itself, but the idea behind it. My finances made a complete turnaround when I finally did this and started sen...
by pasadena
Sat Jul 15, 2017 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: Leaving California, will I be taxed?
Replies: 11
Views: 1761

Re: Leaving California, will I be taxed?

California cannot tax no-residents on their non-California income . However, the trap lays in how California defines "resident". They can (and from what I've read, will) come after you if they can find *any* tie to CA. So in order to avoid that, you must sever all ties. Since you don't own property,...
by pasadena
Sat Jul 08, 2017 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: How much of an increase of salary would you expect before switching jobs?
Replies: 94
Views: 8553

Re: How much of an increase of salary would you expect before switching jobs?

If this is their first offer, then they are most probably expecting you to counter. Now, what you want to negotiate on is up to you, but whatever you do, know exactly what you're willing to accept or not. - Vacations : in some companies, it's really easy to negotiate an additional week. In others it...
by pasadena
Sat Jul 08, 2017 12:06 am
Forum: Personal Finance (Not Investing)
Topic: Capital One $400 bonus for new checking account
Replies: 108
Views: 20011

Re: Capital One $400 bonus for new checking account

Another data point. Got the bonus. Not targeted, nor in the area. Used Vanguard to trigger the bonus. Bonus showed up 1 day after the 2nd deposit from VG. Same for me. It took 10 days for VG to add the external account (3 days for the micro-deposits to post, then 7 days for them to approve the acco...
by pasadena
Thu Jul 06, 2017 10:23 pm
Forum: Personal Finance (Not Investing)
Topic: What is a Normal Spending Percentage of Take-Home Pay?
Replies: 29
Views: 3544

Re: What is a Normal Spending Percentage of Take-Home Pay?

Your question is weird. By definition, what you don't spend is saved, right ? I consider savings to be "everything left", so my net is $0. Also, how do you count 401(k) as part of your take-home pay ? Since you ask for numbers, my take-home pay (gross minus 401(k), HSA, health insurance and taxes) i...
by pasadena
Wed Jul 05, 2017 10:21 pm
Forum: Personal Finance (Not Investing)
Topic: For those of you who handle all the finances, how do you keep your spouse "in the know"
Replies: 107
Views: 13647

Re: For those of you who handle all the finances, how do you keep your spouse "in the know"

I don't have a spouse, but I set it all up so my sister can access everything if anything happens to me. All my account info (login info, but also account numbers and bank details, my 401(k), all my insurances, even the cats' chip numbers.) are in 1password. I like it because I can use it on both Ma...
by pasadena
Mon Jul 03, 2017 11:28 am
Forum: Personal Finance (Not Investing)
Topic: Unfounded Fear?
Replies: 16
Views: 1956

Re: Unfounded Fear?

Note that if they are on H-2B visas those are tied to a particular employer. Not sure how easy it would be to get a green card with that visa, either. It doesn't really matter here, but in IT, it's most probably H1-B visas. If this is the case, and these people lose their jobs, then they would have...
by pasadena
Sun Jul 02, 2017 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: People who receive employer 401k contributions, how is it accounted on paystubs?
Replies: 28
Views: 3571

Re: People who receive employer 401k contributions, how is it accounted on paystubs?

Mine appear in a section called "Employer Paid Benefits", along with their health and life insurance contributions. It's labeled "401K ER Ctrb USP1" and is not counted in the tax base of anything.
by pasadena
Sat Jul 01, 2017 7:50 pm
Forum: Personal Finance (Not Investing)
Topic: Ally raised their savings account rate to 1.15%
Replies: 19
Views: 4257

Re: Ally raised their savings account rate to 1.15%

But remember that another option to their savings account is their 11 month no penalty for early withdrawal CD at 1.50%. If you have $25,000 to save, yes, it's a good option. As long as you have $5,000 to save, the Ally no-penalty CD is still better at 1.25% for $5,000 - $24,999.99 balances. I'm tr...
by pasadena
Sat Jul 01, 2017 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: Those who max 401k
Replies: 55
Views: 9193

Re: Those who max 401k

I don't understand. Do you mean why not have another Ira on the side with $5k/year? The maximum 401k is $18k. The $18k (24k, if age 50 or over) is the maximum Tax-deferred contribution limit. The IRS allows up 54k (60k, if age 50 or over) to be contributed (combined employee + employer) to a 401k. ...