Search found 76 matches

by cam240
Tue Jun 25, 2019 7:27 pm
Forum: Personal Investments
Topic: What Allocation of International for Portfolio
Replies: 9
Views: 1011

What Allocation of International for Portfolio

Good evening Bogleheads,

What is your allocation of International stock for your portfolio?

I have thought of 70 US -30 INT but also have heard maybe 80 US -20 INT. What are your arguments for either way?
by cam240
Wed Jun 06, 2018 12:30 pm
Forum: Personal Investments
Topic: Suggested HSA Provider
Replies: 9
Views: 1328

Suggested HSA Provider

Hello Bogleheads, I recently have been studying the benefits of an HSA an investement vehicle rather than for paying typical medical expenses. Me and my wife already maxed our Roth IRAs and are on the way to do the same with our 401Ks and emergency fund is taken care of. Therefore, I started looking...
by cam240
Fri Apr 27, 2018 4:03 pm
Forum: Personal Investments
Topic: Investment Class/Group at Work
Replies: 16
Views: 1754

Re: Investment Class/Group at Work

Thanks for all the comments. Our first meeting will be today. I decided to called it. "Financial Literacy 101 Program". Seen some of the comments above I am not aiming to discuss topics such as allocation and other topics that could create that "noise" refer above. My company has a great diversity o...
by cam240
Mon Apr 23, 2018 7:32 am
Forum: Personal Investments
Topic: Investment Class/Group at Work
Replies: 16
Views: 1754

Re: Investment Class/Group at Work

Not everyone wants to be a Boglehead. Some people will have different approaches such as using an advisor, actively managed mutual funds, stock picking, and market timing. You can start and group and see how it goes but I don't feel the need to try to convert coworkers to my views and I definitely ...
by cam240
Mon Apr 23, 2018 7:03 am
Forum: Personal Investments
Topic: Investment Class/Group at Work
Replies: 16
Views: 1754

Investment Class/Group at Work

Hello fellow Bogleheads, I just wanted to run this idea by the community. For some time now the director of HR and the office manager have suggested that we should start an investing class. This would be like a 30 min a week time slot (probably on Fridays) for our office (small office no more than 1...
by cam240
Mon Apr 09, 2018 8:20 am
Forum: Personal Investments
Topic: Roth Contribution 2017 MAGI Limits
Replies: 7
Views: 567

Re: Roth Contribution 2017 MAGI Limits

Since he did not earn any taxable income the maximum the can contribute is basically $0. That's correct, unless he has a spouse with taxable compensation. To be clear, it must be taxable compensation, not just taxable income. Would you mind expanding on the difference between both? Taxable income i...
by cam240
Mon Apr 09, 2018 8:13 am
Forum: Personal Investments
Topic: Roth Contribution 2017 MAGI Limits
Replies: 7
Views: 567

Re: Roth Contribution 2017 MAGI Limits

My question is if he did not earn any income last year here in the US he should be able to contribute for 2017 without any problems correct? Depends on whether or not he has taxable compensation. Foreign income that is excluded from taxation doesn't count as taxable compensation. Can't contribute w...
by cam240
Mon Apr 09, 2018 7:20 am
Forum: Personal Investments
Topic: Roth Contribution 2017 MAGI Limits
Replies: 7
Views: 567

Roth Contribution 2017 MAGI Limits

Hello fellow bogleheads, I have a friend who just opened a Roth IRA and its looking to make his contribution for 17 and 18 this week. My question is if he did not earn any income last year here in the US he should be able to contribute for 2017 without any problems correct? At the moment he is makin...
by cam240
Sun Mar 25, 2018 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: CIT bank account opening
Replies: 0
Views: 679

CIT bank account opening

Hello Community, Has any non US-Citizen opened an account with CIT bank? I was going through the application process and stop at this point where the system asked citizenship status. Does anybody know what extra paper work they may required? I am asking because I really do not feel like going throug...
by cam240
Sat Mar 24, 2018 6:44 pm
Forum: Personal Finance (Not Investing)
Topic: Online Savings Account Reservations???
Replies: 23
Views: 4025

Re: Online Savings Account Reservations???

So after looking at bank rate it seems like CIT or Dollar Savings Direct have a good yield and seem to have good reviews. No minimum balance to avoid fees, no monthly fees. Any feedback from the community on either of these two? I also read about just using a money market fund on my brokerage accoun...
by cam240
Sat Mar 24, 2018 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: Online Savings Account Reservations???
Replies: 23
Views: 4025

Re: Online Savings Account Reservations???

Thanks for all the suggestion and points. I guess a big thing for us would be to be able to transfer money in a reasonable amount of time. I also have read to be careful about “teaser” rates. I know some online banks pop up out of nowhere offering a killer rate to only decrease it within a year or s...
by cam240
Fri Mar 23, 2018 9:24 pm
Forum: Personal Finance (Not Investing)
Topic: Online Savings Account Reservations???
Replies: 23
Views: 4025

Online Savings Account Reservations???

Hello Community, I recently just paid off my last bit of debt (car loan). Wife and myself are aggressively contributing to our 401K and are planning on making our 2018 Roth contributions. All of that got my thinking that maybe I should park our 6 months emergency fund somewhere more productive (curr...
by cam240
Mon Mar 19, 2018 10:56 am
Forum: Personal Investments
Topic: Spreadsheets Samples and What To Keep Track Off
Replies: 5
Views: 1031

Spreadsheets Samples and What To Keep Track Off

Hello Community, I have recently being wanting to start my own excel spreadsheets to keep track of various financial metrics. I currently used Mint for budgeting and Personal Capital for investments. Both of these apps give me a fair view of my finances but just for fun (yes I just said that) I rath...
by cam240
Tue Mar 13, 2018 8:45 pm
Forum: Personal Finance (Not Investing)
Topic: Moving to a new place
Replies: 10
Views: 770

Re: Moving to a new place

Thanks for all the comments. For sure our DMV. Just moving within the state. Interesting about whether the IRS and SS office are linked. But I feel the IRS would not have the form if they do not feel it is important to let them know of the new addres (otherwise I think they would only know once I fi...
by cam240
Tue Mar 13, 2018 8:11 pm
Forum: Personal Finance (Not Investing)
Topic: Moving to a new place
Replies: 10
Views: 770

Re: Moving to a new place

jebmke wrote:
Tue Mar 13, 2018 8:08 pm
Social Security
Thanks. It seems like if I am not receiving any social security benefits I do not need to update anything.
by cam240
Tue Mar 13, 2018 7:28 pm
Forum: Personal Finance (Not Investing)
Topic: Moving to a new place
Replies: 10
Views: 770

Moving to a new place

Evening fellow bogleheads, My DW and myself are moving into a new place and are currently going through the process of updating all accounts. So far we have done: - Employers - Broker/Retirement account - Doctors - Insurance - Banks - Utilities Currently thinking about the best way to let the IRS kn...
by cam240
Mon Mar 05, 2018 7:10 pm
Forum: Personal Investments
Topic: 401K contributions (percentage sounds high)
Replies: 24
Views: 2924

Re: 401K contributions (percentage sounds high)

Make sure you check contribution limits imposed by your employer plans. I would be surprised if they allowed a contribution rate over 30%. In my experience the maximum contribution rate is somewhere in the mid-20 percentile. Note this limit has nothing to do with government regulations - it is in t...
by cam240
Sun Mar 04, 2018 10:33 pm
Forum: Personal Investments
Topic: 401K contributions (percentage sounds high)
Replies: 24
Views: 2924

Re: 401K contributions (percentage sounds high)

Do either/both of your employers offer a Roth 401K? $105k gross comes out to $81k after the standard deduction, so if you put away $4000 in traditional 401k money, that drops you into the 12% marginal bracket (top end $77400). Any contributions beyond that I would put in Roth. Odds are you won't ha...
by cam240
Sun Mar 04, 2018 9:45 pm
Forum: Personal Investments
Topic: 401K contributions (percentage sounds high)
Replies: 24
Views: 2924

401K contributions (percentage sounds high)

Hello community, So my wife and myself sat down today and review our budget-finances. Our monthly net income is $6,000 and budgeted for expenses of 2,500. That means we have 3,500 spare. Given that, we decided to increase our 401k contributions by a total of 2,000 (this came out to be a contribution...
by cam240
Tue Feb 27, 2018 9:51 pm
Forum: Personal Finance (Not Investing)
Topic: How much cash do you keep at any time on checking?
Replies: 183
Views: 19332

How much cash do you keep at any time on checking?

Hello community, As the thread title states, how much cash to keep from month to month? Our checking account balance is always 3,500-5,500. My wife really freaks out if it falls below 3,500 and got me thinking I wonder how this compares to other people’s practice. Some info to add context: Age: 21-2...
by cam240
Sun Feb 25, 2018 3:29 pm
Forum: Personal Investments
Topic: Can I create a 2017 roth IRA now in 2018?
Replies: 4
Views: 558

Re: Can I create a 2017 roth IRA now in 2018?

I also did my contribution Roth IRA 2017 contribution this year (before I filed my taxes though). As you mentioned I believe it would not make a difference since you do not report Roth IRA contributions to the IRS. I would check with your brokerage or perhaps your personal accountant to be safe. You...
by cam240
Sat Feb 24, 2018 1:52 pm
Forum: Personal Investments
Topic: Wife's 401K Options, Need help while early in the game
Replies: 4
Views: 318

Re: Wife's 401K Optioins, Need help while early on the game

Looks like you have a good plan for investing in your wife’s 401k...in my opinion you are focused on the correct choices...couple of thoughts... At you age perhaps drop the bonds altogether, just go 70-30 domestic international...as you age start introducing bonds through the fund you have selected...
by cam240
Sat Feb 24, 2018 1:17 pm
Forum: Personal Investments
Topic: Wife's 401K Options, Need help while early in the game
Replies: 4
Views: 318

Wife's 401K Options, Need help while early in the game

Hello Community, Just asking for some guidance on wife's 401K options. I know I should add the exp ratio for all the funds but honestly I already discarded majority of them so I guess I am just asking advised on those bold. P.S: She has only being contributing for a few months, less 2,000. So we jus...
by cam240
Thu Feb 22, 2018 5:36 pm
Forum: Personal Investments
Topic: Why open a taxable account?
Replies: 27
Views: 6361

Re: Why open a taxable account?

I tried posting this earlier but it seems like it did not go through.... so here I go again "thanks for all the comments and links. All the arguments to have the taxable account make sense to me. Throwing a curve ball out there, what about an HSAs? My wife happened to mentioned it today and that we ...
by cam240
Thu Feb 22, 2018 5:30 pm
Forum: Personal Investments
Topic: Why open a taxable account?
Replies: 27
Views: 6361

Re: Why open a taxable account?

Hello Community, Today I am asking an open question for some arguments as to why open a taxable brokerage account? Both wife and myself contribute to our 401Ks and have 2 Roth accounts (one for each :) ) in which we also contribute to the max as well. I read a lot of folks here use their brokerage ...
by cam240
Thu Feb 22, 2018 4:50 pm
Forum: Personal Investments
Topic: Why open a taxable account?
Replies: 27
Views: 6361

Why open a taxable account?

Hello Community, Today I am asking an open question for some arguments as to why open a taxable brokerage account? Both wife and myself contribute to our 401Ks and have 2 Roth accounts (one for each :) ) in which we also contribute to the max as well. I read a lot of folks here use their brokerage a...
by cam240
Wed Feb 21, 2018 10:17 pm
Forum: Personal Investments
Topic: 401K to Roth 401K
Replies: 40
Views: 3991

Re: 401K to Roth 401K

So basically converting my wife's 401K to a Roth 401K would cost us $2,220 on taxes ? is the above analysis a fair analysis? Yes. Your marginal saving rate in this situation is 12%, and 12% of $18,5000 is $2,220. How could I compare the immediate (1 year) impact of this? Don't understand the questi...
by cam240
Wed Feb 21, 2018 8:36 pm
Forum: Personal Investments
Topic: 401K to Roth 401K
Replies: 40
Views: 3991

Re: 401K to Roth 401K

Let it grow pre-tax for the next 30+ years. Pre-tax 401k up to the max of $18,500. Nodoby knows what the tax rates will look like. When you do start withdrawing, you can pull from the source that meets your needs (pre-tax, Roth, taxable). It takes $18,500 of pre-tax income to put $18,500 into your ...
by cam240
Wed Feb 21, 2018 2:37 pm
Forum: Personal Investments
Topic: 401K to Roth 401K
Replies: 40
Views: 3991

Re: 401K to Roth 401K

If your spouse has a match, that must be placed in a traditional 401k account, even if she makes 100% of her contributions to the Roth 401k. So she will always have funds in both types of accounts. If you are converting the small amount already contributed to traditional in an attempt to have only ...
by cam240
Wed Feb 21, 2018 10:03 am
Forum: Personal Investments
Topic: Tiny Windfall But Big Help
Replies: 11
Views: 1725

Tiny Windfall But Big Help

Hello Community, Long story short story due to some one-in lifetime tax adjustment we will be receiving roughly a 6K tax refund. Small amount in the big scheme of things but based on our 2017 income is 10% (so for us is decent amount to get back). Question is what exactly to do with the 6k? Tax brac...
by cam240
Mon Feb 19, 2018 8:18 pm
Forum: Personal Finance (Not Investing)
Topic: Non Resident to Resident Alien Tax. BH VS CPA
Replies: 5
Views: 353

Re: Non Resident to Resident Alien Tax. BH VS CPA

Are you still a student? You may continue to qualify for student FICA exception under the same rules applicable to U.S. Citizen students. No longer a student. Just one more working class folk out there. Btw, my CPA got back and informed me that is ok to let my employer know so they can deduct SS an...
by cam240
Mon Feb 19, 2018 5:22 pm
Forum: Personal Finance (Not Investing)
Topic: Non Resident to Resident Alien Tax. BH VS CPA
Replies: 5
Views: 353

Re: Non Resident to Resident Alien Tax. BH VS CPA

You said you decided to be taxed as a resident alien. Is there a choice on your side? Why do you think that you even have a choice on this matter? Are you still on F-1 visa but have been in this country for over five years? Or are you on a different like a H-1B this year? My wife is a US citizen an...
by cam240
Mon Feb 19, 2018 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: Non Resident to Resident Alien Tax. BH VS CPA
Replies: 5
Views: 353

Non Resident to Resident Alien Tax. BH VS CPA

Hello Community, I recently asked my CPA a question and he said he would get back to me. I just want to through the question here and see if anybody in the forums knows (maybe that will tell me something about my CPA ;) ) I was for all last year a non resident alien for tax purposes (student) meanin...
by cam240
Mon Feb 19, 2018 1:40 pm
Forum: Personal Investments
Topic: 401K options, I think I can choose better funds
Replies: 16
Views: 941

Re: 401K options, I think I can choose better funds

Hello Community, I want some opinions about the funds offering provided by my employer. [Snip...] Now let's get to it: Below is the fund offering my plan has. My take is that I could be in lower expense ratio funds. (I have only been contributing for last than 6 months so I want to make a turn arou...
by cam240
Mon Feb 19, 2018 12:56 pm
Forum: Personal Investments
Topic: 401K options, I think I can choose better funds
Replies: 16
Views: 941

Re: 401K options, I think I can choose better funds

Hello Community, I want some opinions about the funds offering provided by my employer. [Snip...] Now let's get to it: Below is the fund offering my plan has. My take is that I could be in lower expense ratio funds. (I have only been contributing for last than 6 months so I want to make a turn arou...
by cam240
Mon Feb 19, 2018 11:44 am
Forum: Personal Investments
Topic: 401K options, I think I can choose better funds
Replies: 16
Views: 941

Re: 401K options, Ii think I can have choose better funds

Personally I would choose FUSVX FID 500 INDEX and FSIVX FID INTL INDEX at your chosen split and contribute as much as possible while then proceeding to forget about it for a couple of decades. :D +1 Maybe 75% FUSVX and 25% FSIVX I agree with the FUSVX but why not instead of FSIVX do FSEVX. The turn...
by cam240
Mon Feb 19, 2018 11:03 am
Forum: Personal Investments
Topic: 401K options, I think I can choose better funds
Replies: 16
Views: 941

Re: 401K options, Ii think I can have choose better funds

In selecting funds to use strive for a combination of broad diversification (to decrease your risk) and low expense ratios (to increase your net return). In my opinion in your 401k the better funds to consider using include: 1) Fidelity 500 Index Fund Premium Class (FUSVX) ER 0.035% 2) Fidelity Tot...
by cam240
Mon Feb 19, 2018 10:57 am
Forum: Personal Investments
Topic: 401K options, I think I can choose better funds
Replies: 16
Views: 941

Re: 401K options, Ii think I can have choose better funds

Personally I would choose FUSVX FID 500 INDEX and FSIVX FID INTL INDEX at your chosen split and contribute as much as possible while then proceeding to forget about it for a couple of decades. :D +1 Maybe 75% FUSVX and 25% FSIVX I agree with the FUSVX but why not instead of FSIVX do FSEVX. The turn...
by cam240
Mon Feb 19, 2018 10:45 am
Forum: Personal Investments
Topic: 401K options, I think I can choose better funds
Replies: 16
Views: 941

Re: 401K options, Ii think I can have choose better funds

Thanks, yes I am aware of the lower tax bracket, and yeah hopefully we will contribute enough to go one bracket even lower. But I want to make sure we are contributing to the best possible funds offer in our 401Ks, therefore my question to the great BH community. Thanks in advance,
by cam240
Mon Feb 19, 2018 10:07 am
Forum: Personal Investments
Topic: 401K options, I think I can choose better funds
Replies: 16
Views: 941

401K options, I think I can choose better funds

Hello Community, I want some opinions about the funds offering provided by my employer. Some basic information first: Annual Income: 105,000 (wife and myself) MFJ (marginal rate 25%) Age: 21-22 IRA: 2 Roth (11,000, 2017) all on FSTMX. DCA about $500 every month into FSTMX for 2018 Roth contribution....
by cam240
Tue Feb 13, 2018 9:27 pm
Forum: Personal Investments
Topic: 401K to Roth 401K
Replies: 40
Views: 3991

Re: 401K to Roth 401K

Also you may not be aware of this (many aren't) but Roth 401ks require RMDs at 70 1/2 unlike Roth IRAs. Therefore you will have to rollover your Roth 401k money into a Roth IRA at 70 1/2 to avoid RMDs. Not a major deal, but something to be aware of. While my 457(b) representative has encouraged the...
by cam240
Tue Feb 13, 2018 7:03 pm
Forum: Personal Investments
Topic: 401K to Roth 401K
Replies: 40
Views: 3991

Re: 401K to Roth 401K

If your spouse has a match, that must be placed in a traditional 401k account, even if she makes 100% of her contributions to the Roth 401k. So she will always have funds in both types of accounts. If you are converting the small amount already contributed to traditional in an attempt to have only ...
by cam240
Mon Feb 12, 2018 10:00 pm
Forum: Personal Investments
Topic: 401K to Roth 401K
Replies: 40
Views: 3991

Re: 401K to Roth 401K

Do you have a large, future retirement income source like a pension? If not, I would not do the IRR. In fact, unless you are in a very low tax bracket, I highly doubt moving to a Roth 401k is a good option for her future contributions. No pension (we are in our young 20s so hard to say with so many...
by cam240
Mon Feb 12, 2018 9:23 pm
Forum: Personal Investments
Topic: 401K to Roth 401K
Replies: 40
Views: 3991

Re: 401K to Roth 401K

Do you have a large, future retirement income source like a pension? If not, I would not do the IRR. In fact, unless you are in a very low tax bracket, I highly doubt moving to a Roth 401k is a good option for her future contributions. No pension (we are in our young 20s so hard to say with so many...
by cam240
Mon Feb 12, 2018 8:03 pm
Forum: Personal Investments
Topic: 401K to Roth 401K
Replies: 40
Views: 3991

Re: 401K to Roth 401K

Gross income will be the same, but take home pay will drop if current contributions are changed to Roth. And if an IRR is done with the 1500, that has the same effect as if the earlier contributions were Roth as well, although likely some of those might have been in late 2017. The withholding table...
by cam240
Mon Feb 12, 2018 7:30 pm
Forum: Personal Investments
Topic: 401K to Roth 401K
Replies: 40
Views: 3991

Re: 401K to Roth 401K

Note that for an IRR to be done here, the plan would not only have to offer IRRs, but it would have to include IRRs of "otherwise non distributable amounts". These are amounts that the employee would not otherwise be able to distribute from the plan until separation, and the elective pre tax 401k d...
by cam240
Sun Feb 11, 2018 9:30 pm
Forum: Personal Investments
Topic: 401K to Roth 401K
Replies: 40
Views: 3991

Re: 401K to Roth 401K

cam240, tax deferral is a good thing. Making contributions to traditional tax-deferred 401k is almost always the better choice for most people. There are some exceptions. Do you believe your situation may be an exception? Just "being in a higher tax bracket later" is not really a good reason (altho...
by cam240
Sat Feb 10, 2018 10:51 pm
Forum: Personal Investments
Topic: 401K to Roth 401K
Replies: 40
Views: 3991

Re: 401K to Roth 401K

Just to clarify I meant rolling over her contribution in her 401K to a Roth 401K. This is confusing to me. A rollover is very different from a contribution. If it's a rollover of existing balance, be sure to investigate the tax impact of such. Changing your future contributions from 401k to Roth 40...
by cam240
Sat Feb 10, 2018 10:39 pm
Forum: Personal Investments
Topic: 401K to Roth 401K
Replies: 40
Views: 3991

Re: 401K to Roth 401K

Just to clarify I meant rolling over her contribution in her 401K to a Roth 401K. Basically she does not want to keep her 401K but instead contribute and use her company's Roth 401K option. She has high expectations for both us and believe we will be in a higher tax bracket in the future than we ar...
by cam240
Sat Feb 10, 2018 10:18 pm
Forum: Personal Investments
Topic: 401K to Roth 401K
Replies: 40
Views: 3991

Re: 401K to Roth 401K

Just to clarify I meant rolling over her contribution in her 401K to a Roth 401K. This is confusing to me. A rollover is very different from a contribution. If it's a rollover of existing balance, be sure to investigate the tax impact of such. Changing your future contributions from 401k to Roth 40...