Search found 38 matches

by Wizze
Thu Sep 29, 2016 11:29 am
Forum: Personal Consumer Issues
Topic: How to convert old SAT scores to new SAT scores?
Replies: 21
Views: 3094

Re: How to convert old SAT scores to new SAT scores?

I would think the best way to accomplish this would be to calculate your percentile rank from when you took the test in 1994 and compare that to the equivalent percentile rank for today's testing standard. It won't be dead on, but close and considering you are comparing standards 20 years apart, it ...
by Wizze
Wed Dec 18, 2013 8:50 am
Forum: Personal Finance (Not Investing)
Topic: Career advice for niece (without College degree)
Replies: 55
Views: 5963

Re: Career advice for niece (without College degree)

but you know what - I was never considered for promotion and never considered a raise in salary on my own merits (except when everyone else was getting something) because even though they 'valued' my abilities as an anomaly, they didn't value my skill set in terms of $$ because I wasn't considered ...
by Wizze
Tue Feb 26, 2013 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: looking at BabyMint or Upromise
Replies: 9
Views: 1326

Re: looking at BabyMint or Upromise

I use Upromise and for those that do, I highly recommend having the money placed into the SallieMae high yield savings account. If you do this (you can then direct it wherever you wish) you will also receive an additional 10% match on those dollars each year. That 10% match is placed into your Salli...
by Wizze
Tue Feb 26, 2013 8:34 am
Forum: Personal Finance (Not Investing)
Topic: making our money work for us
Replies: 64
Views: 7676

Re: making our money work for us

Sounds like an FHA loan. If so, then yes, you will probably need to refinance to remove the PMI, or wait till the combination of 60 months have passed and 20% equity is achieved. Previous refiances should not be considered when thinking about doing it again. Those are sunk costs and should be ignore...
by Wizze
Fri Feb 22, 2013 10:17 am
Forum: Investing - Help with Personal Investments
Topic: Roth IRA/Emergency Fund
Replies: 8
Views: 863

Re: Roth IRA/Emergency Fund

I would accelerate the student loan payoff, but also utilize the Roth. Personally, I keep 2k in the savings account for my first tier emergency fund, and the remainder of my emergency fund is currently located within a Roth. This way I maximize the utilization of the Roth, as I won't be able to go b...
by Wizze
Thu Feb 07, 2013 11:52 am
Forum: Investing - Help with Personal Investments
Topic: How are we doing? & Put 25% bracket into 457?
Replies: 29
Views: 5156

Re: How are we doing? & Put 25% bracket into 457?

In addition to the above, one other consideration to make (as you are close to the 15%/25% tax brackets like we are): I choose to contribute to the traditional IRA for the tax savings. However, starting next year, every other year I will be able to itemize my deductions and keep me lower into the 15...
by Wizze
Thu Feb 07, 2013 11:43 am
Forum: Investing - Help with Personal Investments
Topic: How are we doing? & Put 25% bracket into 457?
Replies: 29
Views: 5156

Re: How are we doing? & Put 25% bracket into 457?

Not 100% sure how Ohio state taxes work here (as the tax rate structure appears to be a flat rate dependent on your income), but it appears you will save approximately 4.7% Ohio taxes on top of the 25% federal tax rate on the dollars you send to the 457 as opposed to the mortgage. Would you rather m...
by Wizze
Wed Jan 30, 2013 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Do you pay your taxes/insurance separate from your mortgage?
Replies: 42
Views: 4191

Re: Do you pay your taxes/insurance separate from your mortg

I pay my own taxes/insurance. Had a new construction with this house and the original quotes from the escrow were significantly padded. Just made more sense to handle these items on my own. As an added bonus, I can bunch the taxes into alternating years for itemizing on my returns.
by Wizze
Tue Jan 29, 2013 11:52 pm
Forum: Personal Finance (Not Investing)
Topic: Stock Grant tax question
Replies: 6
Views: 611

Re: Stock Grant tax question

Thank you all for your responses. Yes these were restricted stock units. I apologize for not using that terminology up front, it completely escaped me. In addition I found a wonderful article that tfb wrote summarizing these type of grants. I vaguely remember reading this article in the past, so I m...
by Wizze
Tue Jan 29, 2013 10:07 pm
Forum: Personal Finance (Not Investing)
Topic: Stock Grant tax question
Replies: 6
Views: 611

Re: Stock Grant tax question

Thank you for your response. It appears I may have made reporting errors in the past. I do not recall reporting the sale of the portion of stock to cover the taxes due on vesting date. I will need to confirm this, but yes, these were a zero gain transaction. Yes, I had 4 separate vesting dates. I no...
by Wizze
Tue Jan 29, 2013 9:06 pm
Forum: Personal Finance (Not Investing)
Topic: Stock Grant tax question
Replies: 6
Views: 611

Stock Grant tax question

Hi all, I have what will probably be an easy question, I am just having a hard time finding an answer. Five years ago I received a Stock grant from my employer, it vested 25% a year for four years. Each year some of the stocks were sold to cover the taxes due on vest day. I now know I should have ju...
by Wizze
Fri Jan 18, 2013 3:26 pm
Forum: Personal Consumer Issues
Topic: Trap Shooting Gun Recommendations, Please
Replies: 16
Views: 1741

Re: Trap Shooting Gun Recommendations, Please

Some ranges take issue with folks and their semi-autos. I have found (at the two ranges I visit) that it is more acceptable to use an over/under. I wanted to get into the sport without breaking the bank, so I opted for an over/under manufactured by Lanber. It is a spanish gun that is wonderfully mad...
by Wizze
Thu Jan 10, 2013 9:21 am
Forum: Investing - Help with Personal Investments
Topic: Am I on the right track? Criticism is welcomed!
Replies: 51
Views: 5491

Re: Am I on the right track? Criticism is welcomed!

and as a clarification hopefully to help, by "funds available" mentioned above, they mean all the different selections you can choose from in your plan to place your money into. Not specifically the amount of money you have available in that plan.
by Wizze
Mon Dec 17, 2012 11:29 am
Forum: Personal Finance (Not Investing)
Topic: Company 401k match included in yearly savings goals
Replies: 22
Views: 2249

Re: Company 401k match included in yearly savings goals

I count the match towards my savings goals.

However, if your savings goals are a percentage of your gross pay, I also include the match in my gross pay total, as it is compensation.
by Wizze
Wed Aug 15, 2012 7:07 am
Forum: Investing - Help with Personal Investments
Topic: Emergency fund Vang. Prime to Roth IRA = Catastrophe Fund?
Replies: 24
Views: 4622

Re: Emergency fund Vang. Prime to Roth IRA = Catastrophe Fun

An important "gotcha" with the Roth IRA is the 5 year rule, which means you can not withdraw any funds out of your Roth IRA until it is your fifth year. I may be wrong, but I was under the impression the 5 year rule was only for Roth conversions . It would not apply to a direct Roth contr...
by Wizze
Wed Aug 24, 2011 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: worth it to refi?
Replies: 1
Views: 356

worth it to refi?

just (3 months ago) refinanced our mortgage. Went from 6% 30 year loan to 4.625% 15 year loan. Considering refinancing again, local bank (my preference) gave a rate quote of 3.75% for 15 year term, with $1800 closing costs. We plan on being in this house for at least the next 25 years. Current 4.625...
by Wizze
Thu Aug 11, 2011 3:08 pm
Forum: Personal Consumer Issues
Topic: best tennis balls for 5 year old
Replies: 21
Views: 3411

Castaway...great movie
by Wizze
Fri Jul 15, 2011 9:48 am
Forum: Personal Consumer Issues
Topic: Honda Element - timing belt
Replies: 24
Views: 18771

The element wasn't offered with a V6 engine.

But as mentioned before, perhaps the offer was to change the serpentine belt.
by Wizze
Fri Jul 15, 2011 9:05 am
Forum: Personal Consumer Issues
Topic: Honda Element - timing belt
Replies: 24
Views: 18771

I would consider finding a new honda dealership.

Honda Elements have a timing chain as opposed to a timing belt. As such, the chain should never need replacing.

For fun, I would inquire as to the part code of this "timing belt".
by Wizze
Fri Jan 21, 2011 2:52 pm
Forum: Investing - Help with Personal Investments
Topic: Should we refinance?
Replies: 14
Views: 1878

Re: Yes

thesofine wrote:the rapist,


I am awaiting the OP, "Therapist", to make a comment about a possible Freudian slip...
by Wizze
Wed Jan 19, 2011 10:21 am
Forum: Personal Finance (Not Investing)
Topic: Gas bill - budget plan?
Replies: 24
Views: 5249

I know the original post was for gas, but I use a budget plan for electric use. However, my budget plan is a revolving budget, it changes on a monthly basis and takes the average of the last 12 months. The variability of each bill in small, but I do like that the revolving calendar is used. My paren...
by Wizze
Wed May 05, 2010 10:35 am
Forum: Investing - Help with Personal Investments
Topic: Wife's 403b providers
Replies: 38
Views: 4552

mptfan wrote:Again, I'm sorry if I'm not minimizing your time.


I am not the OP, just throwing my interpretation out there...I read the OP's "minimizing my time here" comment to infer the time spent reviewing his options with regard to the 403b, not his time spent on these boards.
by Wizze
Fri Apr 23, 2010 10:20 am
Forum: Investing - Help with Personal Investments
Topic: Invest in taxable or pay down my mortgage? Grok's formula
Replies: 49
Views: 6473

ISomehow, #1 above seems like the wrong thing to do (you may disagree with me here). But, #2 seems like a question we ask here a lot. Aren't these the same problem? If someone says "no" to #1, shouldn't they say "yes" to #2? It doesn't seem consistent to say "yes" to b...
by Wizze
Fri Apr 16, 2010 1:37 pm
Forum: Investing - Help with Personal Investments
Topic: Keeping Your Laptop Tuned
Replies: 19
Views: 3064

I prefer to do a fresh install of the operating system on an annual basis. I find this to be the easiest and most productive option for a "tune-up".

edit -- plus this technique "forces" me to do an annual update of my data backups as well. two birds, one stone :)
by Wizze
Fri Apr 16, 2010 10:43 am
Forum: Investing - Help with Personal Investments
Topic: Should we roll wife's pension plan into an IRA?
Replies: 10
Views: 1775

Something else to consider - you can often buy years of credit in you (WV) existing plan, using these dollars. Since you are buying time now, and a pension will be based on salaries in the future, this may make sense. Disclaimer; I know nothing about the structure or soundness of the WV plan. I do ...
by Wizze
Wed Apr 14, 2010 10:41 am
Forum: Investing - Help with Personal Investments
Topic: Should we roll wife's pension plan into an IRA?
Replies: 10
Views: 1775

If we left this account as is, would you consider this portion as part of our bond allocation of our overall portfolio? The current rate is subject to variability, through legislative actions within the state, but has been fixed at 4% for a substantial time. Just not really sure on if it would be be...
by Wizze
Tue Apr 13, 2010 2:34 pm
Forum: Investing - Help with Personal Investments
Topic: Should we roll wife's pension plan into an IRA?
Replies: 10
Views: 1775

She is a teacher still. Currently teaching in WV though. I highly doubt we will ever re-locate to NC (both our families are based in WV, she originally went to NC just to get a job), but I suppose that possibility does exist. Still though, I am guessing our chances to ending up in NC are very simila...
by Wizze
Tue Apr 13, 2010 2:18 pm
Forum: Investing - Help with Personal Investments
Topic: Should we roll wife's pension plan into an IRA?
Replies: 10
Views: 1775

Should we roll wife's pension plan into an IRA?

Prior to meeting the love of her life, my wife was a public school teacher in North Carolina. She currently has 5.4 years of service accrued in their state pension program, with a contributed amount of $12k (including interest earned up to this point). This would allow her to begin withdrawing a mea...
by Wizze
Thu Apr 08, 2010 4:08 pm
Forum: Investing - Help with Personal Investments
Topic: New to Bogleheads, need help with portfolio
Replies: 17
Views: 3172

By the way, retiredjg, I really want to express my sincere thanks for the attention you have directed towards me on these posts. It is very appreciated!
by Wizze
Thu Apr 08, 2010 4:07 pm
Forum: Investing - Help with Personal Investments
Topic: New to Bogleheads, need help with portfolio
Replies: 17
Views: 3172

I like that plan of attack for the resources we have to work with. As far as the college expenses are concerned, the way I was looking at it was simply that I will not be able to afford to max out contributions to my 401k, her 403b, and the Roth accounts in addition to a 529 plan. This being the cas...
by Wizze
Thu Apr 08, 2010 12:44 pm
Forum: Investing - Help with Personal Investments
Topic: New to Bogleheads, need help with portfolio
Replies: 17
Views: 3172

I am finally getting to the bottom of my wife’s 403b account. It appears currently she is enrolled in a fixed rate annuity earning a meager 2%. She does have one other option open to her, that being a variable annuity. Below are the interesting points concerning this option: 1. 16 funds available in...
by Wizze
Tue Apr 06, 2010 10:26 am
Forum: Investing - Help with Personal Investments
Topic: New to Bogleheads, need help with portfolio
Replies: 17
Views: 3172

Been out of town, so I haven't been able to reply to this thread. As far as the mortgage goes, I am in the process of refinancing it now. I should be able to reduce the rate by a percentage point or so. I may liquidate the MYL stock and add it to the cash for investing to pay off the car loan. That ...
by Wizze
Thu Mar 25, 2010 9:50 pm
Forum: Investing - Help with Personal Investments
Topic: New to Bogleheads, need help with portfolio
Replies: 17
Views: 3172

ok, still trying to re-allocate the funds in my 401k. To meet my goals of 80/20 stocks/bonds with 25% of stocks in international, this is what I have come up with. This only applies to my 401k, I have not gotten information on the wife's 403b yet (it will be re-allocated as well): 30% ML EQUITY INDE...
by Wizze
Wed Mar 24, 2010 3:19 pm
Forum: Investing - Help with Personal Investments
Topic: New to Bogleheads, need help with portfolio
Replies: 17
Views: 3172

Is there any reason I should not realllocate some of the higher expense ratio funds in my 401k to the Merrill Lynch index funds? It appears the ER is much better with the Merrill Lynch funds. That would also limit my exposure to large cap funds that I currently have. Thoughts?
by Wizze
Tue Mar 23, 2010 5:25 pm
Forum: Investing - Help with Personal Investments
Topic: New to Bogleheads, need help with portfolio
Replies: 17
Views: 3172

Another question to add to the above ones as well: Do the options I currently have in place for my 401k seem to be good picks? Like I said, up to this point, I have allowed the Merrill Lynch software to guide my choices for allocation. Would I be better served by some of the other funds that are ava...
by Wizze
Tue Mar 23, 2010 1:34 pm
Forum: Investing - Help with Personal Investments
Topic: New to Bogleheads, need help with portfolio
Replies: 17
Views: 3172

for the 2009 tax year, I had to lower the tax obligation through the deductible IRA. Moving forward, I could probably achieve the same result with higher contributions to the 401k. I really am located right at the bubble, for this year the 1k IRA contribution put me below. (As well as alleviate the ...
by Wizze
Tue Mar 23, 2010 1:13 pm
Forum: Investing - Help with Personal Investments
Topic: New to Bogleheads, need help with portfolio
Replies: 17
Views: 3172

Re: New to Bogleheads, need help with portfolio

Let me clarify...I want to maintain my contributions to the 401k, but instead of making additional contributions to an IRA, I was considering making contributions to a Roth IRA. My main reasoning for this is to use this as a vehicle for college tuition costs for our 2 children, as opposed to contrib...
by Wizze
Tue Mar 23, 2010 10:52 am
Forum: Investing - Help with Personal Investments
Topic: New to Bogleheads, need help with portfolio
Replies: 17
Views: 3172

New to Bogleheads, need help with portfolio

Ok, after reading countless posts on similar portfolios/situations, thought it was time to seek personal advise. Here is the current state of affairs with our portfolio. I am sure it is not where we would like to be. Any and all suggestions would be greatly appreciated: Emergency funds = 4 months of...