Search found 40 matches
- Mon Feb 04, 2019 10:42 pm
- Forum: Personal Finance (Not Investing)
- Topic: Chase credit card dispute - denied
- Replies: 141
- Views: 12103
Re: Chase credit card dispute - denied
Last year I had a similar issue. During a trip to IKEA, I was erroneously charged for several hundred dollars worth of merchandise I did not intend to purchase. IKEA manager tried to reverse the charge on the same day, but it still eventually posted and I never received a credit. After several weeks of trying to resolve it on the merchant side, they told me to file a dispute with Chase. Initially Chase took the charge away, but then a couple months later they reinstated the erroneous charge with little to no explanation or support. This is despite me supplying substantiating receipts with my initial dispute. It was eventually resolved by the merchant forcing a credit back onto my credit card using a different method, but Chase was of no hel...
- Sun Jan 21, 2018 3:04 am
- Forum: Personal Investments
- Topic: Opted into the new military retirement system/BRS
- Replies: 61
- Views: 8367
Re: Opted into the new military retirement system/BRS
RamblinDoc, I have you beat. My ADSO takes me to 20 years. ROTC -> USUHS -> 5-year residency -> 2-year civilian sponsored fellowship. Yes, I'm sticking with the legacy pension . Currently at the 5-year point.
- Mon Dec 14, 2015 9:13 pm
- Forum: Personal Investments
- Topic: Maxing out TSP
- Replies: 4
- Views: 872
Re: Maxing out TSP
Not applicable, as it appears the OP's wife will be an active duty physician. No matching contributions (yet).Retired VA RN wrote:Be careful with this scenario or you will lose the TSP gov't match. I believe you must have at least a 5% contribution from every paycheck in order to get the full gov't match. You do not want to miss out on the free money.
- Mon Dec 14, 2015 8:58 pm
- Forum: Personal Investments
- Topic: Maxing out TSP
- Replies: 4
- Views: 872
Re: Maxing out TSP
It should work fine the way you describe it provided her base pay + bonuses are high enough. DFAS limits roth TSP contributions to 60% of base pay and 65% of bonus pay. So if she wants to contribute all roth, she's gotta pull in at least $5000/mo in base and bonus pay (excluding BAH/BAS) to max it out in 6 months. Alternatively, traditional tsp contributions are less limited and can encompass up to 92% of base pay and 100% of bonus pay. And yes, once she hits the max of $18k, DFAS will suspend contributions for that calendar year.
- Thu Feb 21, 2013 8:48 pm
- Forum: Personal Investments
- Topic: .
- Replies: 2
- Views: 573
.
.....
- Sat Jan 22, 2011 5:03 pm
- Forum: Personal Investments
- Topic: Investing a Windfall while still in a trust.
- Replies: 43
- Views: 6480
I know that realized long term capital gains are always taxed on on the level of the trust even if distributed to the beneficiary; however, are realized short term capital gains that are distributed to the beneficiary taxed on the level of the beneficiary just like dividends and other ordinary income?
- Fri Nov 05, 2010 5:28 pm
- Forum: Personal Investments
- Topic: Wells Trade - Wells Fargo
- Replies: 141
- Views: 23556
I just called and verified -- the IRA transfer fee MUST come out of the IRA unfortunately; they said it was not possible to take it out of the PMA checking instead. boop8bwd wrote:so on an IRA transfer out they would have to deduct the $95 fee from within the IRA? or can you elect to pay the fee with money held elsewhere?
- Wed Nov 03, 2010 9:51 pm
- Forum: Personal Investments
- Topic: Wells Trade - Wells Fargo
- Replies: 141
- Views: 23556
- Fri Jun 18, 2010 1:26 am
- Forum: Personal Finance (Not Investing)
- Topic: Has anyone ever used this website, Mint?
- Replies: 21
- Views: 3385
I used it until recently but stopped because my bank USAA does not support MINT. Mint would find ways around dowloading the info, but sometimes I went for days or weeks without being able to dowload information. I complained to both Mint and USAA. I received canned responses from both. I still love Mint and would like to use it but I am not going to change my bank so I closed my Mint account. Ironically, the reason USAA gave me not to support Mint, is because they do not trust third party websites, but they do support Quicken. Mint is owned by Quicken, and yet USAA will not support it. And what I consider the biggest irony, is that USAA just started to gather Third party information to report it on their site, so they don't trust other sit...
- Mon May 17, 2010 1:19 pm
- Forum: Personal Consumer Issues
- Topic: Best seats on SouthWest Airlines [for flying with a cat]
- Replies: 50
- Views: 9269
http://www.seatguru.com/airlines/Southwest_Airlines/information.php Personally I hate SWA. Too many amateurs, kids and drunks. The crews are nice enough, but their clientele of people that fly once a year to see their grandparents in St. Louis or someplace equally disdainful - and their absolute cluenessness. I have no yet flown on a SWA flight where I didn't have to fight Ma and Pa Fricker for a seat - or sit next to a drunk. I have also been lied to several times by their crew - for instance claiming that they don't have to do anything if you are delayed more than 4 hours for a mechanical. It is a lie - and because the passengers are so clueless - they let SWA get away with it. Friends don't let friends fly SWA (or AirTran for that matte...
- Sun May 16, 2010 11:01 pm
- Forum: Investing - Theory, News & General
- Topic: TSP is a Model 401(k)
- Replies: 29
- Views: 4440
But honestly what difference does another 5k/yr in pre-tax TSP match make when you're already pulling in 40k+/yr over your line-officer peer and free of school debt (150k+). If you think medical officers are paid too much, perhaps you should look into why line officers are often separated against their will and medical officers, as a general rule, exit at the first opportunity. :) What difference does $5K make when you're already pulling in $20K+ over your enlisted peers and free of college debt? :) Here's the difference $5K/year*5 years*8%/year*30 years= $252K I know it doesn't seem like much to you, but... I'm just saying I'd rather have a 401k with crappy, high ER funds, a huge match, and a Roth option than the TSP. The board has done a...
- Sun May 16, 2010 10:19 pm
- Forum: Investing - Theory, News & General
- Topic: TSP is a Model 401(k)
- Replies: 29
- Views: 4440
I agree. Biggest fault is no Roth option. Also, no match. Things like how often you can trade them and what the options are pale in comparison to those two things. I often hear people say they wish they had the TSP instead of their 401K. Well, I wish someone would match my contributions. I've put in the maximum contribution for the last 5 years, plus a significant amount of tax-exempt pay, haven't gotten a matching dime, and don't qualify for any type of defined benefit plan without spending 16 more years (and at least 8 more deployments) in the service. Seriously? That's the best we can do? Is equalizing the match with civil servants really too much to ask? Hi ActiveDut...oh, I mean EmergDoc. A match would certainly be nice. But honestly ...
- Sun Apr 04, 2010 8:33 pm
- Forum: Personal Finance (Not Investing)
- Topic: Bad Advice?
- Replies: 6
- Views: 1277
Where can I get one of those 5% CD's?Scottner wrote:If I have a 5 year CD earning 5% with no other cash available to make the purchase, am not dipping into my emergency fund, and can get special financing from the dealership or local credit union for 2.99% for a 3 year loan, why in the world would I not choose the financing option?
- Tue Mar 30, 2010 4:29 pm
- Forum: Personal Investments
- Topic: Investing my kids money more aggressively
- Replies: 14
- Views: 2351
Just want to provide another perspective here. I am 23 and a recent college grad, now in medical school, and receiving my first salary through the military. I had a couple short jobs in high school, but the money was not significant, and I took those jobs out of personal interest, not out of parental pressure. My parents provided pretty much everything I needed and wanted throughout high school and college, including a vehicle, cell phone, clothes, food, some entertainment, etc. Never had an allowance either. As a result, I was never stressed about needing or working for money while going through school. I think this definitely helped me focus on what was and is most important--academics. I think my parents could also see that, which is why...
- Sun Mar 14, 2010 8:38 pm
- Forum: Personal Investments
- Topic: Roth 401k v. traditional 401k
- Replies: 78
- Views: 16760
- Sun Mar 14, 2010 7:49 pm
- Forum: Personal Investments
- Topic: 401k, job not contributing
- Replies: 8
- Views: 1027
- Sat Mar 13, 2010 8:17 pm
- Forum: Personal Investments
- Topic: VBS brokerage fees seems excessive
- Replies: 19
- Views: 2904
The 100 free trades are useful in my Wells Fargo account because my entire portfolio is Vanguard ETFs and I like to make monthly contributions. Additionally, the ETFs provide similar ERs as the Vanguard admiral shares and aren't subject to the same redemption fees and whatnot. Overall, the best of both worlds. The only disadvantage that might come is if Wells Fargo ended the free trades and/or if I decided to transfer my accounts out, for which they would charge a closing/transfer fee.
- Sat Mar 13, 2010 5:25 pm
- Forum: Personal Investments
- Topic: VBS brokerage fees seems excessive
- Replies: 19
- Views: 2904
Re: VBS brokerage fees seems excessive
Wells Fargo is the way to go. You get 100 free trades per year for each taxable and Roth IRA account.
- Sat Mar 13, 2010 5:05 pm
- Forum: Personal Investments
- Topic: Roth Ira Question
- Replies: 10
- Views: 1399
- Sat Mar 13, 2010 5:05 pm
- Forum: Personal Investments
- Topic: Roth Ira Question
- Replies: 10
- Views: 1399
- Sat Mar 13, 2010 5:01 pm
- Forum: Personal Investments
- Topic: Roth Ira Question
- Replies: 10
- Views: 1399
Then your only options for tax-advantaged retirement accounts would be 401k, 403b or whatever is offered by each of your employers. Everything else would have to be in a taxable account.greatwhite24 wrote:I currently have two roths. When my wife returns to work in a couple of years, we will be over the income level for contributing to a roth. My question is what are my options at that point.
For college savings, a 529 could help you save on taxes.
I Bonds could also help defer taxes for 30 years. You can purchase up to $20k/yr as a married couple.
- Sat Mar 13, 2010 1:41 am
- Forum: Personal Investments
- Topic: Bond allocation between taxable and TSP account
- Replies: 10
- Views: 2302
Re: Bond allocation between taxable and TSP account
My AA calls for 50/50 stocks/bonds. My retirement account is the federal TSP program. According to the advice I've read, it seems I should use the TSP account for bonds (not stocks). In taking this advice, if I invest all of my TSP funds in the G and/or F funds, I still need bonds in my taxable account in order to reach my desired bond allocation. I’m wondering how to best invest the overall bond portfolio. On the taxable side, I was thinking of splitting it 50/50 between TIPS and TBM. However, I don’t know how to implement this with regards to my TSP investment. For example, should the TSP account be split 50/50 between the G and F funds? Or, should it be 100% in the G fund, and then a different allocation between TIPS and TBM in the taxa...
- Sat Mar 13, 2010 12:09 am
- Forum: Investing - Theory, News & General
- Topic: "Maxing out" tax shelters isnt a valid endpoint
- Replies: 19
- Views: 2958
A valid point; however, inflation would also presumably increase the contribution limits for tax-advantaged accounts, and if you continued to max these accounts, your spending power upon retirement would not be as affected by inflation.conundrum wrote:p8bwd
Good practical example but one also has to remember that inflation will also be eating away at those dollars for 30 years. At 3% inflation, one would have less then half that amount in 2010 dollars for an annual distribution (at 4% withdrawal) of $75,000, more or less. Still pretty good but not quite as attractive.
- Fri Mar 12, 2010 7:25 pm
- Forum: Investing - Theory, News & General
- Topic: "Maxing out" tax shelters isnt a valid endpoint
- Replies: 19
- Views: 2958
I can see your point, but let's look at the math.
Let's say you get married at 30 and start maxing out your 401k and Roth IRA for each spouse. That's $43,000 per year.
Current Principal: $43,000
Annual Addition: $43,000 (not even considering future limit increases)
Years to grow: 30
Interest Rate: 6% (conservative)
Compound interest 1 time(s) annually
Future Value: $3,850,442.25
4% annual distribution would be $154,017.68, which by most standards would be plenty income for someone in their retirement, especially if they managed to already pay off their mortgage.
Let's say you get married at 30 and start maxing out your 401k and Roth IRA for each spouse. That's $43,000 per year.
Current Principal: $43,000
Annual Addition: $43,000 (not even considering future limit increases)
Years to grow: 30
Interest Rate: 6% (conservative)
Compound interest 1 time(s) annually
Future Value: $3,850,442.25
4% annual distribution would be $154,017.68, which by most standards would be plenty income for someone in their retirement, especially if they managed to already pay off their mortgage.
- Fri Mar 12, 2010 3:31 pm
- Forum: Personal Investments
- Topic: AmEx Savings Account vs. Vanguard Funds
- Replies: 6
- Views: 3444
- Tue Mar 09, 2010 11:23 pm
- Forum: Personal Investments
- Topic: An introduction and general Roth IRA question(s)
- Replies: 14
- Views: 1998
- Fri Mar 05, 2010 4:57 pm
- Forum: Personal Investments
- Topic: delete
- Replies: 6
- Views: 1528
Thanks for the replies everyone!
Yes, that is not what I intend to do going forward. I made that initial TSP allocation simply to get my entire portfolio correct. I will change the TSP %'s as needed.e5116 wrote:There's nothing inherently wrong with your proposed allocation. In fact, it looks really good to me. There are certainly alternatives based largely on personal preference, but nothing in that portfolio is a red flag to me. It's low-cost, diversified, and tax-efficient. The only thing I would say that is if you're contributing $16.5k to the 401k solely to S fund and G fund, I'd think your allocation will get out of whack.
- Fri Mar 05, 2010 10:23 am
- Forum: Personal Investments
- Topic: delete
- Replies: 6
- Views: 1528
delete
.
- Thu Feb 25, 2010 10:36 am
- Forum: Investing - Theory, News & General
- Topic: Roth TSP start in 2012
- Replies: 45
- Views: 8105
I am also very interested in this new Roth option. I am in the military and already max my TSP and Roth IRA each year. Due to my profession I expect to be in a much higher tax bracket when I get out of the military and get closer to retirement age (40+ years away for me). A Roth TSP would be perfect for my situation because I will not be eligible to contribute to a Roth IRA for much longer, maybe only for the next 7-10 years. However, I am worried that switching over the majority of my retirement portfolio to Roth accounts might really screw me over when I do retire, if congress decides to tax Roth distributions or gets rid of income tax altogether. Thus I will probably split my TSP contributions 50/50 Traditional/Roth to diversify. Would t...
- Wed Feb 10, 2010 7:17 pm
- Forum: Investing - Theory, News & General
- Topic: Military Investing
- Replies: 125
- Views: 65515
In regard to state taxes... I know people who claim TX residence based solely on the fact that they have a USAA banking account. Would this stand legally?
Also, is there any easy way for a non-TX,WA, FL resident to "gain" residency for tax filing purposes short of getting a driver's license, owning property, etc?
Also, is there any easy way for a non-TX,WA, FL resident to "gain" residency for tax filing purposes short of getting a driver's license, owning property, etc?
- Mon Jan 25, 2010 10:14 pm
- Forum: Personal Investments
- Topic: New TSP Investor, Tax Questions
- Replies: 2
- Views: 1495
Turbotax is wrong. You're fine. TSP is not a traditional IRA, but rather more like a 401k. You can contribute up to 16500/yr TSP and 5000/yr Roth IRA-- 21500 total. In fact, I think TSP (at least through MyPay/military) will automatically stop you from overcontributing.
Also, TSP/401k contributions for a calendar year end on 31 Dec, unlike IRA contributions, which end on 15 Apr of the following year.
Also, TSP/401k contributions for a calendar year end on 31 Dec, unlike IRA contributions, which end on 15 Apr of the following year.
- Sun Jan 17, 2010 11:18 am
- Forum: Personal Investments
- Topic: delete
- Replies: 3
- Views: 1013
- Sun Jan 17, 2010 1:33 am
- Forum: Personal Investments
- Topic: delete
- Replies: 3
- Views: 1013
delete
...
- Sun Jan 10, 2010 10:43 am
- Forum: Personal Investments
- Topic: Wells Fargo PMA account inactivity
- Replies: 20
- Views: 11828
Just called Wells Fargo. They told me there must be qualified activity at least once every 12 months. I also confirmed the list of qualified activity with what was posted above, and verified that you can either write a check from your wells fargo account OR deposit a check to your wells fargo account. Both qualify.
- Fri Dec 04, 2009 11:28 pm
- Forum: Personal Investments
- Topic: New user looking to build a portfolio/gain advice
- Replies: 8
- Views: 1782
- Sun Nov 29, 2009 9:37 pm
- Forum: Personal Investments
- Topic: Advice for young investor
- Replies: 10
- Views: 2794
Re: EmergDoc
...
- Sat Nov 28, 2009 10:23 am
- Forum: Personal Investments
- Topic: Advice for young investor
- Replies: 10
- Views: 2794
Re: Advice for young investor
My fault -- you are referring to a Roth 401k type plan. I did not know they were being implemented. A google search says the Roth TSP option will probably start in 2011. That will definitely be a better deal then.SpecialK22 wrote: Given your low tax rate, I was suggesting that if a Roth option for the TSP becomes available it would be more advantageous to choose that option over a traditional TSP. I wasn't suggesting to stop your Roth IRA contributions.
- Sat Nov 28, 2009 9:41 am
- Forum: Personal Investments
- Topic: Advice for young investor
- Replies: 10
- Views: 2794
- Sat Nov 28, 2009 9:13 am
- Forum: Personal Investments
- Topic: Advice for young investor
- Replies: 10
- Views: 2794
- Fri Nov 27, 2009 8:35 pm
- Forum: Personal Investments
- Topic: Advice for young investor
- Replies: 10
- Views: 2794