Search found 38 matches

by feehater
Mon Dec 11, 2017 1:28 pm
Forum: Investing - Help with Personal Investments
Topic: 2 jobs Solo 401K or SEPP or?
Replies: 3
Views: 148

Re: 2 jobs Solo 401K or SEPP or?

The SEP and the solo 401k will both allow you to contribute the same amount as your employER contribution (about 20% of your side gig income). The solo 401k also allows up to 18k as your employEE contribution, but that amount shares the same total limit from your work 401k. So if you are happy with ...
by feehater
Wed Dec 06, 2017 5:16 pm
Forum: Personal Consumer Issues
Topic: A Trip to Russia
Replies: 81
Views: 4318

Re: A Trip to Russia

I haven't been to Moscow, but St. Petersburg was a great trip. I agree that it was more difficult to get around / speak in English than in Western Europe, but it is very possible. The central city is walkable, and the train lines are very efficient. Do not skip the Hermitage or Church on Spilled Bl...
by feehater
Wed Dec 06, 2017 4:56 pm
Forum: Personal Consumer Issues
Topic: A Trip to Russia
Replies: 81
Views: 4318

Re: A Trip to Russia

Plenty of English spoken and seen in the touristy parts of Moscow and St. Petersburg these days, including on the excellent (and beautiful) metro systems. In order to get a visa you need an invitation from a hotel or a host. Most of them will charge you extra in order to supply such an invitation. W...
by feehater
Mon Dec 04, 2017 8:45 pm
Forum: Investing - Help with Personal Investments
Topic: Moving inheritance taxable account to retirement accounts?
Replies: 21
Views: 1588

Re: Moving inheritance taxable account to retirement accounts?

So IF you do have the option of getting paid as a 1099 instead of a w2 you could certainly set up a small business to take in the money. But then you should try to get paid about 25% more to make up for all the benefits you're losing. As this poster is finding out this week: https://www.bogleheads.o...
by feehater
Mon Dec 04, 2017 6:27 pm
Forum: Investing - Help with Personal Investments
Topic: Her 403b, My Self Employed 401k, IRA, what to do?
Replies: 5
Views: 400

Re: Her 403b, My Self Employed 401k, IRA, what to do?

Does the Lincoln plan have any overarching annual fee or expense ratio besides what you listed? Because if she has access to a Vanguard target date fund at just the .16 ER then her 403b is not only as good as anything out there, but it is the same ER that you'll be paying in an IRA or i401k. So you ...
by feehater
Mon Dec 04, 2017 6:02 pm
Forum: Investing - Help with Personal Investments
Topic: Moving inheritance taxable account to retirement accounts?
Replies: 21
Views: 1588

Re: Moving inheritance taxable account to retirement accounts?

The c-corp/s-corp thing isn't going to help you if you're always w2. Your only retirement options beyond an IRA would be if some of the companies let you contribute to a 401k or 403b for the period you were working there. Or, if you're in a union part of the field, there might be a multi-employer pe...
by feehater
Mon Dec 04, 2017 4:36 pm
Forum: Personal Consumer Issues
Topic: Why is an EIN needed for i401k?
Replies: 4
Views: 311

Re: Why is an EIN needed for i401k?

I don't know the answer to the Why question, but you didn't need to have the ein from the start. You can still collect the 1099s with your SSN and put them on your schedule C (which has an optional place for your EIN). Yes, you do need an EIN to open the i401k. It only takes about 4 clicks to do on ...
by feehater
Sun Nov 26, 2017 10:14 am
Forum: Personal Consumer Issues
Topic: The annoying insistence on frivolous credit checks/pulls
Replies: 35
Views: 3237

Re: The annoying insistence on frivolous credit checks/pulls

I bought car with cash (well, technically whatever amount they were willing to put on a credit card, and a personal check for the rest) a few years ago and the dealership still insisted on doing a hard pull on my credit.
by feehater
Mon Nov 13, 2017 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: Advice needed for parent's finances
Replies: 38
Views: 3783

Re: Advice needed for parent's finances

Two thoughts before the experts come along: 1. There is a contingent of folks on here who will point out that you logging in to your mom's account is impersonating her and is technically illegal or at least against the terms of service. They would tell you to instead fill out a form for each company...
by feehater
Sat Nov 11, 2017 2:01 pm
Forum: Investing - Help with Personal Investments
Topic: Target fund replacement with access to Admiral shares
Replies: 11
Views: 1298

Re: Target fund replacement with access to Admiral shares

No, it's now $5/month regardless of whether you have 1 fund or 50. So you could replicate the target date fund with its four component funds and save .05% or whatever.
by feehater
Sat Oct 28, 2017 1:29 pm
Forum: Personal Consumer Issues
Topic: Megabus from New York City to Washington DC
Replies: 23
Views: 1629

Re: Megabus from New York City to Washington DC

There's also Bolt Bus and Best Bus. The biggest complaint I've heard is that sometimes they can be frigid and the driver can't control the temperature.
by feehater
Fri Oct 27, 2017 10:28 am
Forum: Personal Finance (Not Investing)
Topic: N.Carolina 529 no longer state tax decuctible
Replies: 31
Views: 3907

Re: N.Carolina 529 no longer state tax decuctible

Is the Wiki not complete on this? I had assumed that any state not on this list did not do a recapture:
https://www.bogleheads.org/wiki/529_pla ... _rollovers
by feehater
Thu Oct 26, 2017 11:23 am
Forum: Personal Finance (Not Investing)
Topic: My fear about buying a house justified?
Replies: 72
Views: 6352

Re: My fear about buying a house justified?

How much is a condo in a moderately nice DC area instead of a very nice DC metro area? That's what I was wondering about. DC is expensive, but it's not NYC. You can go a few more miles west of Bethesda or a few miles south of Vienna and buy a perfectly nice single family home for around that price....
by feehater
Wed Oct 25, 2017 7:14 pm
Forum: Personal Finance (Not Investing)
Topic: Should I Wait to Buy a Home?
Replies: 16
Views: 2604

Re: Should I Wait to Buy a Home?

I'm in a similar boat to the OP...right time of life/family/career to buy, have the down payment and everything, in a HCOL. I'm not too worried about these changes I don't think will happen. What worries me is when I go on redfin and look at the price history of houses currently on the market and se...
by feehater
Mon Oct 23, 2017 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: How to make a Will myself?
Replies: 20
Views: 1254

Re: How to make a Will myself?

Why not just add your girlfriend's name to the title? It would solve the problem you mention and also be the more fair thing to do since she is contributing half the payments.
by feehater
Sun Oct 22, 2017 11:33 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Questions
Replies: 5
Views: 549

Re: Portfolio Questions

If you're serious about retiring to MD, you should look up the tax laws before you get too far along. I think 401ks are taxed more preferably than IRAs, which would argue against just a blanket rollover to a tIRA if you're not going to immediately convert it to Roth.
by feehater
Sun Oct 22, 2017 10:48 am
Forum: Investing - Theory, News & General
Topic: TIAA Trouble [NY Times: TIAA pushes clients to high fee products]
Replies: 50
Views: 4812

Re: TIAA Trouble [NY Times: TIAA pushes clients to high fee products]

Reminds me of the time a few years ago I left an institution and called TIAA to roll a small 403b into an IRA (also with TIAA at the time, now with vanguard). The guy on the phone doing the rollover tried to convince me to stop investing it in a target date fund, and instead put it in some insurance...
by feehater
Mon Oct 09, 2017 8:44 am
Forum: Investing - Help with Personal Investments
Topic: 529 Rollover Question
Replies: 4
Views: 464

Re: 529 Rollover Question

When I read those rules, my question is, what is to keep you from opening a 4th and 5th 529 for each parent, claiming the tax deduction, and then switching the beneficiary to a kid later?
by feehater
Sat Oct 07, 2017 8:48 am
Forum: Personal Finance (Not Investing)
Topic: Pension Freeze - What did you do?
Replies: 71
Views: 6004

Re: Pension Freeze - What did you do?

Wow, so you're represented by a (weak) union, yet the benefits are not negotiated in the contract? In my workplace any adjustment to the retirement benefits would require us agreeing to a change in the CBA. Also, as mentioned above, some union pension plans ("multi-employer") are not covered by the ...
by feehater
Thu Oct 05, 2017 10:38 pm
Forum: Personal Finance (Not Investing)
Topic: Negotiating merit scholarships
Replies: 32
Views: 2222

Re: Negotiating merit scholarships

I don't know how common this is for undergrads, but a common thing for grad schools to do is to waive the residency requirement and let an out-of-stater pay in state tuition. So, one avenue you could try if they won't simply raise the amount of cash they're offering, is to see if you can still get t...
by feehater
Thu Oct 05, 2017 10:24 pm
Forum: Investing - Help with Personal Investments
Topic: Employer-based vs. independent retirement accounts
Replies: 9
Views: 777

Re: Employer-based vs. independent retirement accounts

So if you are really only eligible for backdoor Roths, that means your combined household income is around $200k+? Which means that you're at the top of the 25% federal bracket if not higher, in addition to any state tax. In this situation, I think many people would suggest contributing to tradition...
by feehater
Wed Oct 04, 2017 1:20 pm
Forum: Investing - Help with Personal Investments
Topic: Add to 529 to Keep Funding Taxable?
Replies: 38
Views: 2091

Re: Add to 529 to Keep Funding Taxable?

Yes, contribution limits should definitely be higher for a solo 401k. Typically a similar amount to what you're currently allowed to put in your SEP will be called your employER contribution, and then an additional 18k will be allowed as your employEE contribution. Just be make sure to do the resear...
by feehater
Tue Oct 03, 2017 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: Payroll shenanigans and their implications
Replies: 48
Views: 3707

Re: Payroll shenanigans and their implications

The employer also might not be paying his unemployment insurance or workers comp premiums to the state which might make it more difficult for the OP to collect if he gets laid off or injured or the business goes bankrupt?
by feehater
Mon Oct 02, 2017 6:59 pm
Forum: Investing - Theory, News & General
Topic: Pension shortfalls and changes in Muni bond allocation?
Replies: 14
Views: 1777

Re: Pension shortfalls and changes in Muni bond allocation?

How come the pension funds aren't fat and happy like so many of the BH here in lieu of the last ten years? To this point specifically, it's not a great comparison to compare a boglehead's 401k that wasn't touched for the past 10 years to a pension that had to keep paying out benefits to already-ret...
by feehater
Wed Sep 27, 2017 12:50 pm
Forum: Personal Consumer Issues
Topic: Verizon TravelPass
Replies: 45
Views: 3610

Re: Verizon TravelPass

I use downloaded maps all the time when traveling, but, like markcoop, my googlemaps app does not give walking or transit directions when in offline mode. I just went into airplane mode and double checked to make sure I remembered correctly. This is on an Android phone. By the way, I recently went t...
by feehater
Tue Sep 26, 2017 4:25 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity Solo 401k Electronic Transfers
Replies: 11
Views: 764

Re: Fidelity Solo 401k Electronic Transfers

For what it's worth, on the webpage where you sign up for the acount, they have a customer review function. Almost every review complains about this. The Fidelity response to some of the more recent comments claims they are working on it. Hard to tell if that's true or just an empty promise.
by feehater
Tue Sep 26, 2017 8:29 am
Forum: Personal Finance (Not Investing)
Topic: Need Help. Short term disability insurance for a solo / small business owner.
Replies: 6
Views: 710

Re: Need Help. Short term disability insurance for a solo / small business owner.

I was looking into this recently and it seemed to be that only policies you buy through your work cover pregnancy, and never individual policies. The website you link to seems to say this also, although it tries to gloss over that. Maybe as a small business owner you'd have access to more options th...
by feehater
Sun Sep 17, 2017 4:39 pm
Forum: Personal Consumer Issues
Topic: Buying nightguards (teeth grinding)
Replies: 52
Views: 4552

Re: Buying nightguards (teeth grinding)

I also tried the huge store bought ones and couldn't sleep and my jaw hurt. Then I tried the thin, hard mail-order ones from a website/dental lab. I think it cost around $100. Took it into my dentist and they said it was basically the same kind they get and charge $400 for. It's lasted about 5 years...
by feehater
Thu Sep 07, 2017 9:55 am
Forum: Personal Finance (Not Investing)
Topic: how often does high ACT score == scholarship?
Replies: 85
Views: 5299

Re: how often does high ACT score == scholarship?

I went to a "top-20" private non-ivy university, if you believe those silly rankings. One of those that you've heard of, but that is still fighting and spending money to quite reach the true elite. In my experience there were quite a few merit scholarships available based on either academic qualific...
by feehater
Sat Sep 02, 2017 9:09 am
Forum: Personal Finance (Not Investing)
Topic: Solo 401k
Replies: 20
Views: 1597

Re: Solo 401k

To piggyback on BolderBoy, let's say John doe is a lazy sole proprietor. He doesn't bother to keep track of expenses like office supplies that are commingled with personal use, or the share of minutes on his cell phone that are business vs. personal. He also doesn't claim expenses on his home office...
by feehater
Fri Sep 01, 2017 9:29 am
Forum: Personal Finance (Not Investing)
Topic: Solo 401k
Replies: 20
Views: 1597

Re: Solo 401k

Right, so like Aristotelian said, you only get one 18k employEE contribution across all your accounts. If you're already maxing your work one, and you don't have terrible fees there, your only benefit here is to be able to do the employER contribution on your solo 401k which would be a little over 2...
by feehater
Tue Aug 29, 2017 11:17 am
Forum: Personal Finance (Not Investing)
Topic: Harvey flood damage [tenant's property has flooded - actions?]
Replies: 28
Views: 4882

Re: Harvey flood damage [tenant's property has flooded - actions?]

The tenant's renter's policy should also cover their hotel/housing needs for a limited period of time I think? Not nearly enough, I'd imagine, but at least something to remind them to look into...
by feehater
Sun Aug 27, 2017 7:49 am
Forum: Personal Finance (Not Investing)
Topic: School Redistricting - What should we do?
Replies: 96
Views: 7911

Re: School Redistricting - What should we do?

Not to make light of your problems, but where is this magical place in the DC area where home prices are falling? In my neck of the woods houses are selling within a week for 5+% over asking price! And these are in neighborhoods where homes are in the 500s-600s for high schools that are ranked 4 out...
by feehater
Sat Aug 19, 2017 9:45 am
Forum: Investing - Help with Personal Investments
Topic: Introduction and a Question: IRA vs 401k Tax benefits
Replies: 13
Views: 1181

Re: Introduction and a Question: IRA vs 401k Tax benefits

So just to clarify what a few other have mentioned, the maximum tax-deferred retirement space I think you guys have is: 18k to HIS 401k 18k to HER 403b OR solo 401k (or a portion in both as long as it doesn't go beyond 18k) 4-5k to HER employER contribution from her photography income (contributed e...
by feehater
Thu Jul 27, 2017 1:17 pm
Forum: Investing - Help with Personal Investments
Topic: Helping MIL get to retirement
Replies: 12
Views: 1665

Re: Helping MIL get to retirement

Thank you all for your replies! She appears to be in good shape financially. However, living in a HCOL area like DC may be more difficult. Not sure why Chattanooga was chosen if not DC area. There are a lot of fine, lower COL areas between DC and there. I am not familiar with COL in these areas, but...
by feehater
Wed Jul 26, 2017 2:56 pm
Forum: Investing - Help with Personal Investments
Topic: Helping MIL get to retirement
Replies: 12
Views: 1665

Helping MIL get to retirement

Hi all, I've been reading this forum religiously for about 6 months since finding it, but I mostly have been focused on things that affect me (just starting out in career), and so there are still many gaps in my knowledge of the details of retirement. My mother-in-law is considering retiring in the ...
by feehater
Fri Jul 14, 2017 1:22 pm
Forum: Investing - Theory, News & General
Topic: Vanguard 403b Changes
Replies: 160
Views: 19532

Re: Vanguard 403b Changes

This all makes me wonder if Vanguard is getting out of the 403b administration business altogether then? It sure sounds like it. The letter says "We're expanding our 403(b) account retirement services by partnering with Newport Group, a nationally recognized retirement plan services provider. Combi...
by feehater
Fri Jul 14, 2017 10:27 am
Forum: Investing - Theory, News & General
Topic: Vanguard 403b Changes
Replies: 160
Views: 19532

Re: Vanguard 403b Changes

I got this letter a few days ago and was similarly annoyed. To be fair, the current system charges you $15 per fund held per year, until you reach Voyager status. So, my plan was to spend my first few years of my recently started job maxing out my 403b, rolling my old IRA into Vanguard, and maybe ha...