Search found 149 matches

by infotrader
Thu Dec 13, 2018 10:06 am
Forum: Personal Finance (Not Investing)
Topic: What percentage of your net worth is your home equity?
Replies: 309
Views: 21715

Re: What percentage of your net worth is your home equity?

Mentally speaking, I don't include my house in my portfolio. It is just a shelter for me.
by infotrader
Thu Dec 13, 2018 10:03 am
Forum: Investing - Help with Personal Investments
Topic: 2019 Roth IRA Contributions
Replies: 15
Views: 915

Re: 2019 Roth IRA Contributions

Always do it at 12am for every eligible member in family, then go sleep.
Don't see any downsides.
by infotrader
Wed Dec 05, 2018 11:14 pm
Forum: Personal Consumer Issues
Topic: Southern California Vacation Questions
Replies: 39
Views: 2025

Re: Southern California Vacation Questions

I see no reason to apply for UCs unless you have large scholarship, since the fees are structured to greatly favor in-state students.

Also, you definitely need a car to drive around.
by infotrader
Sat Aug 25, 2018 7:03 pm
Forum: Personal Finance (Not Investing)
Topic: Savings rate per month???
Replies: 68
Views: 6263

Re: Savings rate per month???

I am 58 and wife 61. We have 261 dollars take home pay so far this year, since I am testing the system. Will have 0 next year. 55000 after tax 401k 24500 403b 10000 457b Wife 40000 401k after tax We live completely on savings. Plan to do the same for 3 more years, then retire, and do 100k+ annual R...
by infotrader
Sat Aug 25, 2018 9:24 am
Forum: Investing - Help with Personal Investments
Topic: Game Changing Inheritance of Stocks! Now what?
Replies: 75
Views: 7156

Re: Game Changing Inheritance of Stocks! Now what?

I would diversify and sell the 2 BRK-A shares.

Here is a simple way to put: if you had $900k+ today, would you put all of them in BRK-B?
by infotrader
Fri Aug 24, 2018 10:45 am
Forum: Personal Consumer Issues
Topic: Did you celebrate when you finally hit $1m?
Replies: 209
Views: 22456

Re: Did you celebrate when you finally hit $1m?

I did not know when I hit 1m, but we will probably celebrate when we hit 1m in rIRA balance, since there is literally a lot of work involved to get it done.
We have about 600k so far, and will to make it happen in 3 years if market allows.
by infotrader
Fri Aug 24, 2018 10:35 am
Forum: Personal Finance (Not Investing)
Topic: I still use cash not credit cards should I reconsider?
Replies: 102
Views: 7970

Re: I still use cash not credit cards should I reconsider?

I use cc when possible including all my utility bills. I have fidelity visa, amazon prime, chase freedom, and discover. At Costco, I use their cash cards. I bought 2-3k of them when there are 5% on warehouse purchase offers from chase freedom and discover (usually at the last quarter of the year). I...
by infotrader
Thu Aug 23, 2018 11:08 pm
Forum: Personal Finance (Not Investing)
Topic: How amend my tax return for a 2017 IRA rollover
Replies: 11
Views: 542

Re: How amend my tax return for a 2017 IRA rollover

File a form 1040X and explain that you're filing an amended return for an additional 1099-R on line 16A. Utilize all the same before/after #s as on your initial return. I downloaded 1040x, and have two questions: 1. Other than my personal information, do I have to fill 1-15, and Parts I and II, if ...
by infotrader
Thu Aug 23, 2018 11:05 pm
Forum: Personal Finance (Not Investing)
Topic: How amend my tax return for a 2017 IRA rollover
Replies: 11
Views: 542

Re: How amend my tax return for a 2017 IRA rollover

Thank you both. I rolled over my pretax 403b (no roth in it) to a tIRA. No conversion involved. Does that mean that my basis is 0, and the whole amount is taxable upon withdrawal later? Yes, the rollover does not any basis to your TIRA, although you might have had TIRA basis from making non deducti...
by infotrader
Thu Aug 23, 2018 12:37 pm
Forum: Investing - Help with Personal Investments
Topic: After-Tax 401A or Taxable Mutual funds / etf at Vanguard
Replies: 9
Views: 490

Re: AFTER TAX 401A or TAXABLE Mutual funds / etf at Vanguard

I think you may have misunderstood the question. Or maybe I did. I would only do the after-tax 401a if you have the option for in service rollovers to get it into a Roth. I would also only do that if you have enough money in taxable to serve as an emergency fund and to cover planned upcoming expens...
by infotrader
Thu Aug 23, 2018 11:20 am
Forum: Personal Finance (Not Investing)
Topic: How amend my tax return for a 2017 IRA rollover
Replies: 11
Views: 542

Re: How amend my tax return for a 2017 IRA rollover

I just realized that the 16a appears on the turbotax form.
by infotrader
Thu Aug 23, 2018 10:59 am
Forum: Personal Finance (Not Investing)
Topic: How amend my tax return for a 2017 IRA rollover
Replies: 11
Views: 542

Re: How amend my tax return for a 2017 IRA rollover

File a form 1040X and explain that you're filing an amended return for an additional 1099-R on line 16A. Utilize all the same before/after #s as on your initial return. I downloaded 1040x, and have two questions: 1. Other than my personal information, do I have to fill 1-15, and Parts I and II, if ...
by infotrader
Thu Aug 23, 2018 10:35 am
Forum: Personal Finance (Not Investing)
Topic: How amend my tax return for a 2017 IRA rollover
Replies: 11
Views: 542

Re: How amend my tax return for a 2017 IRA rollover

Thank you both.
I rolled over my pretax 403b (no roth in it) to a tIRA. No conversion involved. Does that mean that my basis is 0, and the whole amount is taxable upon withdrawal later?
by infotrader
Thu Aug 23, 2018 9:33 am
Forum: Personal Finance (Not Investing)
Topic: How amend my tax return for a 2017 IRA rollover
Replies: 11
Views: 542

How amend my tax return for a 2017 IRA rollover

I am over 59 1/2, and did a trustee to trustee rollover (inside Fidelity) from my 403b to traditional IRA last year. There was a no-tax event.
Now, I realize that I need to file it in my return, but have no idea how to amend it.
I looked at 1040x, and did not find the place to put it.
by infotrader
Sat Aug 18, 2018 9:49 am
Forum: Personal Finance (Not Investing)
Topic: Savings rate per month???
Replies: 68
Views: 6263

Re: Savings rate per month???

I am 58 and wife 61. We have 261 dollars take home pay so far this year, since I am testing the system. Will have 0 next year. 55000 after tax 401k 24500 403b 10000 457b Wife 40000 401k after tax We live completely on savings. Plan to do the same for 3 more years, then retire, and do 100k+ annual Ro...
by infotrader
Wed Aug 08, 2018 6:22 pm
Forum: Investing - Help with Personal Investments
Topic: Roll a govt 457b into 403b or not?
Replies: 7
Views: 459

Re: Roll a govt 457b into 403b or not?

Assuming low cost funds are available to you in both the 457b and the 403b, I would not roll it over. With a 457b, you can access the funds without penalty if you separate from the employer regardless of your age. That's a great feature. $35/year isn't so terrible when you're talking about a balanc...
by infotrader
Wed Aug 08, 2018 6:21 pm
Forum: Investing - Help with Personal Investments
Topic: Roll a govt 457b into 403b or not?
Replies: 7
Views: 459

Re: Roll a govt 457b into 403b or not?

Bumping this from last week and tweaking due to lack of responses.. I just realized that Univ California retirement programs had not yet (but soon will be) implementing a quarterly fee of $8.75 for my 457b account held with them, regardless of separated or active employee status. My legacy 457b is ...
by infotrader
Sat Aug 04, 2018 12:30 am
Forum: Local Chapters and Bogleheads Community
Topic: Post your Financial Milestone Announcements Here
Replies: 551
Views: 64842

Re: Poll: At what age did you hit $500k Net Worth

I manage money for my son, since he is too busy to do it himself. He hit it last year when he was 24 with 90k in Roth.
by infotrader
Fri Aug 03, 2018 12:19 pm
Forum: Investing - Help with Personal Investments
Topic: Which is better for me: roth contributions or tax gain harvesting?
Replies: 22
Views: 1221

Re: Which is better for me: roth contributions or tax gain harvesting?

You can also contribute to Roth IRA using the backdoor. Just contribute to traditional ira and convert it to roth the next day.
by infotrader
Wed Aug 01, 2018 11:04 pm
Forum: Investing - Help with Personal Investments
Topic: Pimco cef monthly dividend payout calculation
Replies: 2
Views: 310

Re: Pimco cef monthly dividend payout calculation

I have the PIMCO CORPORATE & INCOME OPPOR (PTY). Its monthly dividend rate is 0.13 per share for quite some years. If I understand it correctly, it means that I have 1000 shares, I will receive 130 dollars dividend a month. Since the dividend is reinvested, I will have more shares, and more dividen...
by infotrader
Wed Aug 01, 2018 9:05 am
Forum: Investing - Help with Personal Investments
Topic: Pimco cef monthly dividend payout calculation
Replies: 2
Views: 310

Pimco cef monthly dividend payout calculation

I have the PIMCO CORPORATE & INCOME OPPOR (PTY). Its monthly dividend rate is 0.13 per share for quite some years. If I understand it correctly, it means that I have 1000 shares, I will receive 130 dollars dividend a month. Since the dividend is reinvested, I will have more shares, and more dividend...
by infotrader
Sun Jul 29, 2018 5:37 pm
Forum: Investing - Help with Personal Investments
Topic: Tech Fund - FSCSX- Time to Sell? [Fidelity® Select Software and IT Services]
Replies: 15
Views: 903

Re: Tech Fund - FSCSX- Time to Sell?

I have held for about 20 years, and I will continue to hold it until I am 59 1/2 when I can sell and move some money to Vanguard to buy VGT.
I really don't care, since I have many other positions to offset it.
by infotrader
Sat Jul 28, 2018 9:44 am
Forum: Personal Finance (Not Investing)
Topic: Pension-Lump Sum or Monthly Payments?
Replies: 16
Views: 1740

Re: Pension-Lump Sum or Monthly Payments?

In my opinion, lump sum versus annuity is an insurance question. Do you want to insure against the possibility of running out of money. If the answer is no, and you are capable of managing a lump sum, I vote lump sum. If that issue concerns you, take the insurance policy (annuity), provided you tru...
by infotrader
Sat Jul 28, 2018 9:38 am
Forum: Personal Finance (Not Investing)
Topic: Chase Sapphire Reserve travel insurance
Replies: 33
Views: 3754

Re: Chase Sapphire Reserve travel insurance

Were you talking to chase directly? I never had to use it but I know you can reimburse up to 2.5k. Do you mind explaining what happened? My son's flight was cancelled in Shanghai last year. They were a party of five. Chase gave them 500 credit each to spend in the next 24 hours, which they did. I w...
by infotrader
Thu Jul 19, 2018 12:49 am
Forum: Personal Finance (Not Investing)
Topic: Anyone not have a Budget?
Replies: 115
Views: 7862

Re: Anyone not have a Budget?

Never have a budget. I always pay myself in terms of savings and retirement account. I think what I really need is to spend what is left.
by infotrader
Sat Jul 14, 2018 10:38 am
Forum: Investing - Help with Personal Investments
Topic: After-tax Roth conversion question
Replies: 18
Views: 1144

Re: After-tax Roth conversion question

I wonder if you can recalculate the "base" and do a conversion by paying tax on the ~$23,000 untaxed money.
by infotrader
Tue Jul 10, 2018 12:25 pm
Forum: Personal Consumer Issues
Topic: Opticians: is there any difference in quality of Costco glasses?
Replies: 70
Views: 113425

Re: Opticians: is there any difference in quality of Costco glasses?

I don't think there is much difference, but it is not better either. I did it once using my vsp plan. The frame is ok, but not as nice as the one I got from my regular optometrist, and they did not trim and polish the edge of glasses which makes them ugly. My take on it is that it is not worth going...
by infotrader
Tue Jun 26, 2018 6:41 pm
Forum: Personal Consumer Issues
Topic: Did you celebrate when you finally hit $1m?
Replies: 209
Views: 22456

Re: Did you celebrate when you finally hit $1m?

I never include my house in my networth. Even so, I did not remember when I hit 1m.
by infotrader
Mon Jun 18, 2018 11:27 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation for a 26 year old?
Replies: 15
Views: 1579

Re: Asset Allocation for a 26 year old?

I don't quite understand why they need bonds in this kind of portfolio. They don't need money for at least 30 years.
Why not 100% equity with 20% international exposure?
by infotrader
Sun Jun 17, 2018 10:15 am
Forum: Personal Consumer Issues
Topic: Which Supermarket are you?
Replies: 155
Views: 9483

Re: Which Supermarket are you?

infotrader wrote:
Sun Jun 17, 2018 10:14 am
Not believe in organic foods from store, but grow veggies in my backyard.
Aldi is my primary grocery store. I go to costco at lot, but don't buy perishables there.
I have to add that I shop at 99ranch market and bunch of Korean supermarkets: Greenland, Zion and Hmart. I live in socal.
by infotrader
Sun Jun 17, 2018 10:14 am
Forum: Personal Consumer Issues
Topic: Which Supermarket are you?
Replies: 155
Views: 9483

Re: Which Supermarket are you?

Not believe in organic foods from store, but grow veggies in my backyard.
Aldi is my primary grocery store. I go to costco at lot, but don't buy perishables there.
by infotrader
Mon Jun 11, 2018 5:54 pm
Forum: Personal Consumer Issues
Topic: Insurance when renting car with CSR card
Replies: 6
Views: 993

Re: Insurance when renting car with CSR card

If you have no other car insurance, you have a lot of uncovered liability, for example, if you hit a person or damage other property with the car. Those types of coverage are not provided by any credit card I know about. You will need to buy liability coverage from the rental company such as Hertz ...
by infotrader
Sat Jun 09, 2018 10:37 am
Forum: Personal Consumer Issues
Topic: Insurance when renting car with CSR card
Replies: 6
Views: 993

Insurance when renting car with CSR card

If you rent a car using chase sapphire reserve points but you don't own a car (so you don't have primary insurance to cover liability), what you do with insurance? Or CSR will somehow cover it.

Any suggestions?
by infotrader
Sat Jun 09, 2018 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Gift to Son and Effect on Gift Tax
Replies: 35
Views: 3457

Re: Gift to Son and Effect on Gift Tax

I could agree more.
If life is a whole package and you can buy happiness with money (making life easier for your loved ones, thus making them, and you happy), there is no better deal than that.
by infotrader
Thu May 31, 2018 1:01 am
Forum: Investing - Theory, News & General
Topic: China and EM [Emerging Market]
Replies: 30
Views: 3835

Re: China and EM [Emerging Market]

Inside trading is the norm in China, and people basically brag about it.
by infotrader
Wed May 30, 2018 9:37 am
Forum: Personal Finance (Not Investing)
Topic: Lump sum Vs Annuity
Replies: 9
Views: 676

Re: Lump sum Vs Annuity

I would take the lump sum now, and it is a very good deal. However, I am not sure it is a good idea to buy an annuity.
by infotrader
Wed May 30, 2018 9:33 am
Forum: Personal Finance (Not Investing)
Topic: Gift to Son and Effect on Gift Tax
Replies: 35
Views: 3457

Re: Gift to Son and Effect on Gift Tax

Even if you said no parental advice, I still want to praise that it is a nice thing to do.
by infotrader
Sun May 27, 2018 6:39 pm
Forum: Personal Finance (Not Investing)
Topic: Helping Adult Children (but not too much)
Replies: 152
Views: 13695

Re: Helping Adult Children (but not too much)

There is another angle to look at this issue: how to pass our wisdom of money management to our kids. Although I have an easy job for the last 30 years, I find it a burden, since it is much easier to make money with money, and I want my money to work much harder. I have accumulated some knowledge ab...
by infotrader
Sun May 27, 2018 12:34 pm
Forum: Personal Finance (Not Investing)
Topic: Helping Adult Children (but not too much)
Replies: 152
Views: 13695

Re: Helping Adult Children (but not too much)

Regardless of how things were better or worse for people years ago if we focus on today -- 1. most jobs don't come with a pension - so young adults are basically on their own to save/invest/work longer etc. 2. health insurance is much more costly than it was decades ago - another challenge for them...
by infotrader
Sun May 27, 2018 9:08 am
Forum: Personal Finance (Not Investing)
Topic: Helping Adult Children (but not too much)
Replies: 152
Views: 13695

Re: Helping Adult Children (but not too much)

We have been contributing to both kids' roth ira to maximum ever since they have income, and they are in mid and late 20s now. When our daughter had her first job, the employer offered roth 401k, so we asked her to max it out and we would pay for her rent. We also paid for her wedding. We paid for t...
by infotrader
Fri May 25, 2018 12:36 am
Forum: Personal Consumer Issues
Topic: Magic Jack Go vs Obihai obi200- which one as landline replacement?
Replies: 37
Views: 4809

Re: Magic Jack Go vs Obihai obi200- which one as landline replacement?

I have been using obi for about 7 years now, and it is just like a normal landline.
I bought a 100 for 25 dollars first, and then upgraded to a 200 last year for about $35. Couldn't be happier.
by infotrader
Thu May 24, 2018 8:53 pm
Forum: Investing - Help with Personal Investments
Topic: Should I invest in expensive 457 plan?
Replies: 24
Views: 1758

Re: Should I invest in expensive 457 plan?

If you have a pension coming and if you are already filling a 403b, I WOULD NOT fill an expensive 457b unless you are very very far behind in your retirement savings. If you have been saving something for retirement all along, the expensive 457 is probably unneeded. If you have almost zilch saved f...
by infotrader
Tue May 22, 2018 9:41 am
Forum: Investing - Theory, News & General
Topic: Roth IRA contributions during semi-retirement?
Replies: 14
Views: 897

Re: Roth IRA contributions during semi-retirement?

Definitely.
As long as you don't use the money right away, there is no point to leave them in taxable account.
by infotrader
Tue May 22, 2018 9:36 am
Forum: Personal Consumer Issues
Topic: Anyone using Obitalk for Google Voice?
Replies: 38
Views: 6025

Re: Anyone using Obitalk for Google Voice?

Same here.
I had obi100 for years, and it quit working, so I upgraded to obi200 6 months ago.
by infotrader
Wed May 16, 2018 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: Why can't you rollover a retirement account into another one that you no longer work at?
Replies: 33
Views: 2168

Re: Why can't you rollover a retirement account into another one that you no longer work at?

I think the best option is to rollover the balance of both accounts to an IRA account. You will have total control of the account, have more investment options, and it usually costs you less. There are tons of people want to move money out of active accounts, I don't see the point of moving money in...
by infotrader
Wed May 16, 2018 10:57 am
Forum: Local Chapters and Bogleheads Community
Topic: Yes, I'm 89 all right! [Jack Bogle]
Replies: 126
Views: 11812

Re: Yes, I'm 89 all right! [Jack Bogle]

Wow, surprised to see your post.
Happy birthday and look forward to your next book, Mr. Bogle!
Thank you again for your contribution to the financial life of millions of retail investors.
by infotrader
Wed May 16, 2018 10:54 am
Forum: Investing - Help with Personal Investments
Topic: Large Personal Injury Settlement
Replies: 58
Views: 5907

Re: Large Personal Injury Settlement

Go slower. Reading your replies, you are going too fast. I would stop meeting with the advisor. Do nothing but read and learn for 6 months. Really. As you spend more time here a plan will form. Involving advisors is not in your long term best interest. Even if low fee, they will take control. $3 mi...
by infotrader
Tue May 15, 2018 9:26 am
Forum: Investing - Theory, News & General
Topic: 2018 401k limit is $55K - do you max it out? Why/why not?
Replies: 110
Views: 12133

Re: 2018 401k limit is $55K - do you max it out? Why/why not?

I started doing this the same day I learned the trick at BH last year, and I am on my to max out my after tax 401k this year. I call Fidelity after each pay period to rollover the whole balance to a rIRA. There are no tax consequences. All the contribution money showed up in my last year's W2 as aft...
by infotrader
Sun May 13, 2018 8:54 am
Forum: Personal Consumer Issues
Topic: College laptop for fall 2018 freshman
Replies: 82
Views: 5840

Re: College laptop for fall 2018 freshman

I bought my college kid a Dell and within a few months she wanted me to buy her an Apple instead. It doesn’t matter which one is better overall. Apple is the one that is used in the academic world, and your kid will feel out of place without one. Exactly, my son bought a macbook pro with a grant in...