Search found 25 matches

by Edge215
Fri Feb 14, 2020 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: state income tax
Replies: 10
Views: 720

state income tax

what kind of tradeoffs do states without income tax make? schools? or do they make up the lost income somewhere else?
by Edge215
Fri Feb 14, 2020 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: creating a will
Replies: 22
Views: 1480

creating a will

thinking about creating a will. would u recommend sitting down with a lawyer. or would something like legal zoom suffice?
by Edge215
Wed Feb 12, 2020 7:47 pm
Forum: Personal Investments
Topic: why are triple leveraged ETFs a bad idea?
Replies: 28
Views: 2911

why are triple leveraged ETFs a bad idea?

can someone tell me why triple leveraged long ETFs are a bad idea? ie TQQQ and TECL? in contrast to something like vtsax or even qqq.

Thanks in advance.
by Edge215
Tue Feb 11, 2020 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: [Turbotax says I have to wait for form 8606]
Replies: 19
Views: 2420

Re: Turbotax

i had the same message. form 8606 not ready yet. hope its ready soon.
by Edge215
Tue Feb 11, 2020 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: How much do I need in my 529 per child?
Replies: 78
Views: 6153

Re: How much do I need in my 529 per child?

and what if the kids want to go to graduate school. law school or medical school? my head is going to explode.
by Edge215
Tue Feb 11, 2020 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4611
Views: 887195

Re: What's Your Credit Card Rewards Strategy?

im still sticking with my fidelity 2%cash back and amazon visa TWO CARD combo in terms of bang for the buck and simplicity. this BoA merril lynch method seems VERY unwieldy. 100k cash transfer????
by Edge215
Tue Feb 11, 2020 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: tax question. splitting nyc income
Replies: 5
Views: 407

Re: tax question. splitting nyc income

bumping this thread. wondering if we can get more expert opinions. thanks.
by Edge215
Fri Feb 07, 2020 9:11 am
Forum: Personal Finance (Not Investing)
Topic: tax question. splitting nyc income
Replies: 5
Views: 407

tax question. splitting nyc income

i lived in nyc for half of 2019. lived in ny state outside nyc for the other half. im doing my taxes on turbotax now. and its asking me to estimate how much income occurred while living in nyc. for my w2. not an issue because i believe the "local wages" box 18 is how much i earned while in nyc. is t...
by Edge215
Thu Feb 06, 2020 3:19 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4611
Views: 887195

Re: What's Your Credit Card Rewards Strategy?

Two card strategy:

1. Fidelity 2% Cash Back Visa. No fees. No limits.

2. Amazon Prime card. 5% back on amazon and whole foods. no fees and no limits.


Name me a better combo? YOU CANT!
by Edge215
Thu Feb 06, 2020 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: How much do I need in my 529 per child?
Replies: 78
Views: 6153

How much do I need in my 529 per child?

I have two young kids. I am interested in paying for their college education. How much should I plan on having in each 529?
by Edge215
Sun Feb 02, 2020 4:24 pm
Forum: Personal Finance (Not Investing)
Topic: How much to save for retirement?
Replies: 18
Views: 2697

How much to save for retirement?

recently came across this table from jpmorgan with retirement checkpoints by age and income. what do we all think? reasonable targets??? and how applicable is this to professionals such as lawyers and doctors who dont start earning until later in life? https://awealthofcommonsense.com/2017/04/how-mu...
by Edge215
Wed Dec 11, 2019 9:30 pm
Forum: Investing - Theory, News & General
Topic: FSKAX vs VTSAX
Replies: 10
Views: 1523

FSKAX vs VTSAX

is there any difference between these two index funds??
by Edge215
Wed Dec 11, 2019 9:28 pm
Forum: Personal Finance (Not Investing)
Topic: What is the best 2% cash back credit card w/ no annual fee, now that Citi has stripped the Double Cash of key benefits?
Replies: 83
Views: 9372

Re: What is the best 2% cash back credit card w/ no annual fee, now that Citi has stripped the Double Cash of key benefi

fidelity card. all day every day.

also use the amazon card for amazon and whole foods purchases. 5% back.

no fees on either.

the ultimate 1-2 punch.
by Edge215
Sun Dec 08, 2019 10:32 pm
Forum: Personal Finance (Not Investing)
Topic: how much house can one afford? what's reasonable.
Replies: 22
Views: 1193

Re: how much house can one afford? what's reasonable.

would you prefer keeping the cash in a savings account yielding less than 2% interest. or is it reasonable to put it into a total market index fund?
by Edge215
Sun Dec 08, 2019 10:19 pm
Forum: Personal Finance (Not Investing)
Topic: how much house can one afford? what's reasonable.
Replies: 22
Views: 1193

Re: how much house can one afford? what's reasonable.

appreciate the advice. if you were trying to save for a down payment how aggressive would you be? ie. putting all retirement contributions on hold.
by Edge215
Sun Dec 08, 2019 10:07 pm
Forum: Personal Finance (Not Investing)
Topic: how much house can one afford? what's reasonable.
Replies: 22
Views: 1193

Re: how much house can one afford? what's reasonable.

i do have 70k in a taxable investing account which is accessible. also recent increase in salary. but fair point. i do need to get a hold of my burn rate. i can't argue with that.
by Edge215
Sun Dec 08, 2019 9:45 pm
Forum: Personal Finance (Not Investing)
Topic: how much house can one afford? what's reasonable.
Replies: 22
Views: 1193

Re: how much house can one afford? what's reasonable.

lets say gross income is 650k. available cash 125k. 650k tied up in retirement accounts. the dilemma is of course not having enough at the moment for 20% downpayment. currently renting at 5k a month. i am content renting. however, am getting the house buying itch. both rental and potential home purc...
by Edge215
Sun Dec 08, 2019 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: how much house can one afford? what's reasonable.
Replies: 22
Views: 1193

how much house can one afford? what's reasonable.

I'm curious what you guys feel would be an appropriate annual gross income in order to feel comfortable buying a $1.5 million dollar house in a HCOL area with 25k property taxes. lets assume no existing debts. trying to understand whats fiscally responsible and what's over-reaching. Would it matter ...
by Edge215
Tue Jul 30, 2019 9:18 am
Forum: Personal Investments
Topic: GBTC [bitcoin-linked unregistered OTC security]
Replies: 11
Views: 882

GBTC [bitcoin-linked unregistered OTC security]

hi everyone i'm interested in exploring some bitcoin investments but dont want to deal with the headaches of coinbase etc and separate tax forms. anyone have experience with gbtc? would taxes be easier since fidelity or schwab would just generate tax forms for you that could easily be auto uploaded ...
by Edge215
Tue Aug 30, 2016 7:18 pm
Forum: Personal Finance (Not Investing)
Topic: 403b Roth and regular 403b question [contribute to both in same year]
Replies: 7
Views: 638

Re: 403b Roth and regular 403b question [contribute to both in same year]

A rep for fidelity told me it's ok as long as it's with a different job. For instance doctors employed with two different hospitals can contribute to two different 401kplans. Any truth to this ?
by Edge215
Tue Aug 30, 2016 6:04 pm
Forum: Personal Finance (Not Investing)
Topic: 403b Roth and regular 403b question [contribute to both in same year]
Replies: 7
Views: 638

Re: 403b Roth and regular 403b question [contribute to both in same year]

Sorry I may have been mistaken. The max for a 403b Roth is 18500 right ?

anyway let's say I maxed out a 403b Roth earlier this year. Now I'm in a new job with a traditional 403b plan. Can I still contribute or do I have to wait until 2017?
by Edge215
Mon Aug 29, 2016 7:22 pm
Forum: Personal Finance (Not Investing)
Topic: 403b Roth and regular 403b question [contribute to both in same year]
Replies: 7
Views: 638

403b Roth and regular 403b question [contribute to both in same year]

Hey guys,

I maxed out my 403b Roth earlier this year $5500. I am now at a new employer and was wondering if I can still max out a conventional 403b $18000 for the same calendar year.