Search found 18 matches

by woldemariam
Sat Jun 02, 2018 7:59 pm
Forum: Personal Finance (Not Investing)
Topic: How do you repay back a 401k loan
Replies: 21
Views: 2033

Re: How do you repay back a 401k loan

The best option for you is to get on a monthly written budget and stick to it. Start saving up a 6 to 12 month emergency fund. This was my plan for this year starting with the tax refund. I erred in waiting until tax season to build an emergency fund. Why can't you make a claim on your homeowners' ...
by woldemariam
Sat Jun 02, 2018 7:51 am
Forum: Personal Finance (Not Investing)
Topic: How do you repay back a 401k loan
Replies: 21
Views: 2033

Re: How do you repay back a 401k loan

Thanks for all the replies. Ever since I bought a house 15 months ago, I have had very little cash. I have prioritized funding my retiring accounts over building up an emergency fund. I max out my 401k, Roth and HSA. My take home pay is $4200/month and my living expenses are $2800. With the $1400 I ...
by woldemariam
Fri Jun 01, 2018 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: How do you repay back a 401k loan
Replies: 21
Views: 2033

How do you repay back a 401k loan

I am considering borrowing from my 401k. What I was not sure about was how I would pay it back. This is what I see when I login to fidelity: https://s33.postimg.cc/tafjdoccv/loan.png If I proceed with this loan, will $57.60 be automatically deducted from my paycheck until the loan is paid off? And a...
by woldemariam
Tue Oct 10, 2017 8:57 am
Forum: Investing - Help with Personal Investments
Topic: sep IRA with 401k, Roth and HSA
Replies: 11
Views: 850

Re: sep IRA with 401k, Roth and HSA

A SEP IRA allows you to contribute 20% of your net business profits minus 1/2 of the self-employment tax. You'll be limited to less than 2k contributions on the 10k of your Uber earnings. I that relatively small reduction in taxable income important to you? What is the bogleheads recommendation aft...
by woldemariam
Sat Oct 07, 2017 7:35 pm
Forum: Investing - Help with Personal Investments
Topic: sep IRA with 401k, Roth and HSA
Replies: 11
Views: 850

Re: sep IRA with 401k, Roth and HSA

aristotelian wrote:
Sat Oct 07, 2017 1:01 pm
That is a lot of Uber driving to go with a 9 to 5 job. Take care of yourself and don't burn out!
Won't be long before Uber's self driving cars will fix this problem for me
by woldemariam
Sat Oct 07, 2017 12:10 pm
Forum: Investing - Help with Personal Investments
Topic: sep IRA with 401k, Roth and HSA
Replies: 11
Views: 850

sep IRA with 401k, Roth and HSA

I apologize if this question has already been asked. I am currently maxing out my 401k, Roth IRA and HSA from the money I am making with my regular 9-5 ($90k a year). This year, I also started driving for Uber part time. I expect I will be making $9k to $10k with Uber. In addition to these 3 account...
by woldemariam
Sat Oct 07, 2017 11:53 am
Forum: Personal Consumer Issues
Topic: Tips on Uber
Replies: 77
Views: 9097

Re: Tips on Uber

I driver with Uber part time. I pick up around 30 fares per week and on a typical week, only one person tips. However, Uber only started allowing tipping within the app this summer.
by woldemariam
Fri Oct 06, 2017 9:59 am
Forum: Personal Consumer Issues
Topic: Password Protection
Replies: 83
Views: 8245

Re: Password Protection

I use KeePass https://keepass.info/

It is 100% free and works great on Windows and Android.
by woldemariam
Fri Sep 02, 2016 6:34 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation Review
Replies: 18
Views: 1707

Re: Asset Allocation Review

OP, given you can contribute 2k per month, i would suggest not to buy all asset classes each month. Its just too much work to track what number to buy each month. I would suggest contribute 2k to one fund each month so its easier. With you wonderful set of 401k funds, your asset allocation will not...
by woldemariam
Fri Sep 02, 2016 10:03 am
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation Review
Replies: 18
Views: 1707

Re: Asset Allocation Review

For domestic stocks with a small value tilt, I suggest using Fidelity® Total Market Index Fund (FSTVX) as the core, plus Vanguard Small-Cap Value ETF (VBR) for the tilt and omitting Fidelity® Small Cap Index Fund (FSSVX ). In my opinion an overweight to small-cap alone is not very useful, and an ov...
by woldemariam
Thu Sep 01, 2016 3:25 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation Review
Replies: 18
Views: 1707

Re: Asset Allocation Review

Welcome to the forum :) . It's good to see that you are debt free. You have some excellent, low expense ratio index funds offered in your 401k, you are fortunate. Your overall desired asset asset allocation (70/30 stocks/bonds, with 30% of stocks in international stocks) is within the range of what...
by woldemariam
Thu Sep 01, 2016 3:07 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation Review
Replies: 18
Views: 1707

Re: Asset Allocation Review

FYI, 401k transactions will typically be in fractional shares. You'll set some percentages and it will be on auto-pilot. At your asset level, I would not try to slice and dice into so many funds. In a 28% tax bracket, I would also consider skipping the Roth in favor of the 401k. Take the tax break ...
by woldemariam
Thu Sep 01, 2016 2:53 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation Review
Replies: 18
Views: 1707

Re: Asset Allocation Review

You have this figured out well, especially the part about a nice EF and no debt. Your asset allocation plan is a bit complex considering that you lack assets to allocate. Your portfolio size will be dominated initially by how much you save and the asset classes are going to be too fragmented to reb...
by woldemariam
Thu Sep 01, 2016 2:48 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation Review
Replies: 18
Views: 1707

Re: Asset Allocation Review

I would not use such a large tilt toward small caps. They are only 15% of the total stock market but your AA & buy plan is bumping small cap up to something around 50% of your US stocks. https://www.bogleheads.org/wiki/Approximating_total_stock_market You are fortunate to have very low cost choices...
by woldemariam
Thu Sep 01, 2016 2:38 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation Review
Replies: 18
Views: 1707

Re: Asset Allocation Review

topcatin wrote:You may want to just check if there is a overlap between the international index fund and emerging markets and the "Small Cap Index vs Small Cap Value. The international index fund may already have emerging markets.
FSIVX and EFV both have virtually nothing allocated to emerging markets.
by woldemariam
Thu Sep 01, 2016 6:46 am
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation Review
Replies: 18
Views: 1707

Re: Asset Allocation Review

Thank you for the response. This community is amazing.
by woldemariam
Wed Aug 31, 2016 4:44 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation Review
Replies: 18
Views: 1707

Asset Allocation Review

Emergency funds: $25000 in a savings account Debt: none Tax Filing Status: Single Tax Rate: 28% Federal State of Residence: MD Age: 33 Desired Asset allocation: 70% stocks / 30% bonds Desired International allocation: 30% of stocks Current retirement assets: NONE Contributions: NONE Available funds:...