Search found 66 matches

by itslate
Sat Nov 16, 2013 5:35 pm
Forum: Personal Investments
Topic: tapping a roth ira in an emergency
Replies: 7
Views: 1009

tapping a roth ira in an emergency

Hi Bogleheads, I have looked in various places, and believe i may have even asked this question here before, but until this week it was all in theory. Well, I have had a car accident that totalled my car and I'm going to need to come up with cash to purchase another one (no collision coverage. dumb,...
by itslate
Mon Jan 14, 2013 5:59 pm
Forum: Personal Investments
Topic: will this work?
Replies: 7
Views: 924

Re: will this work?

thanks for the replies. sorry, i forgot to clarify that this is a roth ira. i seem to remember from last year entering the amount of contribution when filling out my return paperwork but don't think it had any effect, being the roth. assuming the same is true, that it has no effect, do i need to men...
by itslate
Sun Jan 13, 2013 7:54 pm
Forum: Personal Investments
Topic: will this work?
Replies: 7
Views: 924

will this work?

reading through pub. 590 i see that the deadline for contribution to an IRA is the due date for one's tax return. My question is this: Assuming I receive my return before the deadline in 2013 can I then turn around and use part of that as a 2012 contribution?
by itslate
Sun Sep 23, 2012 7:28 pm
Forum: Personal Investments
Topic: roth ira questions
Replies: 6
Views: 757

Re: roth ira questions

Thank you all for responding.
by itslate
Sat Sep 22, 2012 2:43 pm
Forum: Personal Investments
Topic: roth ira questions
Replies: 6
Views: 757

Re: roth ira questions

so put another way if you contribute 4000 for the year then withdraw 2000 the most you can put in for the remainder of that year is 1000 not 3000 correct?
by itslate
Sat Sep 22, 2012 2:03 pm
Forum: Personal Investments
Topic: roth ira questions
Replies: 6
Views: 757

roth ira questions

it's my understanding that i can withdraw contributions to a roth ira at any time. is this correct, and is there any restriction on the length of time the account must be open before withdrawals of contributions are allowed without a penalty? if i did withdraw contributions can i make that amount up...
by itslate
Thu Feb 09, 2012 5:01 pm
Forum: Personal Investments
Topic: Roth contribution question
Replies: 2
Views: 416

Re: Roth contribution question

the only issue i'm able to think of is if she contributed for '11 in the other roth. if so, the '11 contribution to her newly established roth at vanguard would need to be reduced by that amount to comply with the limits to IRA contributions as those apply to total contributions rather than contribu...
by itslate
Thu Feb 02, 2012 9:03 pm
Forum: Personal Finance (Not Investing)
Topic: Poll: How many hours do you work?
Replies: 37
Views: 4276

Re: How many hours do you work?

it varies between 40 and 60+ so i'll vote for 50 as an average.
by itslate
Thu Feb 02, 2012 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: how often do u write checks?
Replies: 79
Views: 5513

Re: how often do u write checks?

I just wrote three checks today, actually. I usually write two a month. One check for rent and one for my electric bill since there's a $5 charge for online payments. I had a medical bill due also that I sent a check for since I had the checkbook out.
by itslate
Sun Jan 15, 2012 9:10 pm
Forum: Personal Investments
Topic: Switching Vanguard funds within a Roth IRA
Replies: 14
Views: 9766

Re: Switching Vanguard funds within a Roth IRA

that's pretty much my plan as well, serikk85. I have a 403b at work in addition to my Roth, and as my portfolio gets large enough I plan to switch some things around to lower overall expenses. Till then, like Kevin M suggests, I plan to stick with the Target Date funds in both my 403b and Roth.
by itslate
Sun Jan 15, 2012 8:28 pm
Forum: Personal Consumer Issues
Topic: Do you own Apple products?
Replies: 114
Views: 8286

Re: Do you own Apple products?

counting the airport i own three apple products, a macbook, an ipod, and an airport. i'll probably end up with an iphone soon too.
by itslate
Fri Jan 13, 2012 5:25 pm
Forum: Personal Investments
Topic: Switching Vanguard funds within a Roth IRA
Replies: 14
Views: 9766

Re: Switching Vanguard funds within a Roth IRA

i started my vanguard roth with a target date fund at a 90/10 stock to bond split and when i found through reading and research that my ability to handle risk made a split closer to 70/30 more palatable i switched to my current target date fund. there were absolutely no issues, fees, or other proble...
by itslate
Fri Jan 13, 2012 5:14 pm
Forum: Personal Investments
Topic: When do you invest in your Roth?
Replies: 87
Views: 7369

Re: When do you invest in your Roth?

i set up the automatic investment of 192.30 every two weeks on payday. thanks for posting the thread since it reminded me i have to tweak one to get the last twenty cents in. :D
by itslate
Sun Jan 08, 2012 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: $10K check mistaken for $1K check
Replies: 21
Views: 3229

Re: $10K check mistaken for $1K check

When I was a bank teller, I was required to periodically batch checks and create a checklist. It didn't matter if the check received was for a payment, deposit, or for cashing, they all went on the same list. During the day tellers would review each others checklists to make sure the figures on the ...
by itslate
Mon Jan 02, 2012 9:36 pm
Forum: Personal Investments
Topic: Couple of questions about Roth IRA
Replies: 5
Views: 568

Re: Couple of questions about Roth IRA

John2525 wrote:Thanks for the link. I am assuming modified aig is the same as federal tax gross? What about the second question?
two pages into the section on roth ira's is a worksheet that allows you to calculate the MAGI. mhc has the second question covered.
by itslate
Mon Jan 02, 2012 2:03 pm
Forum: Personal Investments
Topic: Wifes new IRA
Replies: 9
Views: 732

Re: Wifes new IRA

IF the 2030 fund is the fund you've settled on after considering the options and weighing different asset allocations and you've decided that this AA is appropriate for your portfolio as a whole (your IRA and wife's IRA collectively) then putting her contributions in the same fund as yours at this p...
by itslate
Sun Jan 01, 2012 8:15 am
Forum: Personal Consumer Issues
Topic: We'll pay top dollar for your car
Replies: 7
Views: 1553

Re: We'll pay top dollar for your car

i get a card in the mail every few months with the claim to need more of my model and year vehicle in the used inventory and the offer to pay top dollar on trade in. i get this from the dealer where i went to have some work done on my nissan. the funny thing is that i sold that car more than a year ...
by itslate
Fri Dec 30, 2011 5:13 am
Forum: Personal Investments
Topic: Market up, my Vanguard fund down?
Replies: 9
Views: 1774

Re: Market up, my Vanguard fund down?

The same thing happened with VTTVX in my Roth IRA which holds the same underlying funds and went down by 1.52% on 12/29. Looking at the distribution tab for the fund I see that there are distributions listed with record dates of 12/28 and 12/29. To the right, there is a reinvest date column, and the...
by itslate
Sun Dec 11, 2011 6:18 pm
Forum: Personal Consumer Issues
Topic: Buying Carpet and Painting
Replies: 32
Views: 3608

Re: Buying Carpet and Painting

i've done that project a few times and each time i have ripped up the old carpeting myself and pulled the tack strips, etc. before painting (also did that myself) and finally bringing in the carpet installer. last time i did it i went with home depot as i found a great deal on carpeting i liked whil...
by itslate
Mon Dec 05, 2011 6:51 pm
Forum: Personal Investments
Topic: What time do you contribute in Roth IRA?
Replies: 19
Views: 1907

Re: What time do you contribute in Roth IRA?

I make 26 contributions of 192.30; every time i get paid it gets automatically invested the next day. Doing this helps me avoid the hassle of worrying about when to get in, and makes it 'brainless' so I don't miss the money or have an opportunity to spend the money I need to invest.
by itslate
Wed Nov 16, 2011 6:30 pm
Forum: Personal Finance (Not Investing)
Topic: is my credit score bad for my age( and how to improve)?
Replies: 10
Views: 1434

Re: is my credit score bad for my age( and how to improve)?

It looks like you are not looking at your FICO score, instead at something called the Vantage score. A Fico score only goes to to 860 which is how to tell it is not a "true" fico score. Therefore, I would recommend that you get your true score at myfico.com. Lots of places offer "fre...
by itslate
Wed Nov 09, 2011 7:27 pm
Forum: Personal Finance (Not Investing)
Topic: how many hours would you bank?
Replies: 13
Views: 1595

how many hours would you bank?

My employer's open enrollment period is this month and this is the time in which I must decide how many Paid Time Off (PTO) hours I want to set as the maximum in my reserve bank. Here's how it works: In a year, I accumulate 200 PTO hours by gaining a certain number per pay period. These hours are ad...
by itslate
Sun Nov 06, 2011 6:17 pm
Forum: Personal Investments
Topic: How should I move from one Vanguard TR to another?
Replies: 24
Views: 2109

Re: How should I move from one Vanguard TR to another?

I recently made the switch to a fund with around a 70/30 overall split after realizing the fund I was in was too aggressive for my willingness to take risk. I was in a fund that was 90/10 and wanted to be around 70/30 instead. After reading around here I settled on switching all at once. The explana...
by itslate
Sun Nov 06, 2011 4:51 pm
Forum: Investing - Theory, News & General
Topic: Your portfolio is too tied to the stock market
Replies: 45
Views: 4074

Re: Your portfolio is too tied to the stock market

what does this expert recommend people invest in if not the stock market?
by itslate
Mon Oct 31, 2011 10:41 pm
Forum: Personal Finance (Not Investing)
Topic: question about value of tax deductions
Replies: 12
Views: 1307

Re: question about value of tax deductions

so would it be safe to say that $250 is the maximum value of a $1000 deduction in the example above?
by itslate
Mon Oct 31, 2011 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: question about value of tax deductions
Replies: 12
Views: 1307

question about value of tax deductions

Hi I'm trying to verify my understanding of how tax deductions work. I've never itemized deductions before so please forgive me if this is overly basic. Is the value of tax savings equivalent to the taxpayers marginal tax rate multiplied by the amount of the deduction? For example, would every 1000 ...
by itslate
Sun Oct 30, 2011 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: question about homestead exemption(FL)
Replies: 18
Views: 1615

Re: question about homestead exemption(FL)

1530jesup, It wasn't explicitly stated but one of the links I posted above does discuss the fact that in addition to the exemption there is a cap applied to increases of 3%, if I remember that right. Your point about tax increases being a way to help balance the books is well taken. Still more to po...
by itslate
Sun Oct 30, 2011 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: question about homestead exemption(FL)
Replies: 18
Views: 1615

Re: question about homestead exemption(FL)

I've learned a few things. 1. FM has a homestead act in their home state and it is applied to their primary residence in that state. The buck may just stop here. If not: 2. I could hold beneficial title to the property here and the homestead exemption could be claimed by me, but this would make rela...
by itslate
Sun Oct 30, 2011 11:50 am
Forum: Personal Finance (Not Investing)
Topic: question about homestead exemption(FL)
Replies: 18
Views: 1615

Re: question about homestead exemption(FL)

Taylor, your previous post about the realtor's conflict of interest is well received. She wasn't able to provide much more than an opinion, so I will be researching further. Thanks. veryamusing, Thank you very much for your reply. It is as Taylor said very reassuring to see this forum providing reli...
by itslate
Thu Oct 27, 2011 9:33 pm
Forum: Personal Finance (Not Investing)
Topic: question about homestead exemption(FL)
Replies: 18
Views: 1615

Re: question about homestead exemption(FL)

my realtor seems to think we would be able to claim the exemption based on me being on the deed and me being an owner/occupant. we shall see.
by itslate
Thu Oct 27, 2011 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA Questions
Replies: 15
Views: 1680

Re: Roth IRA Questions

with respect to question 1, if you can gift your spouse 5k, and she has 5k or more in income for the year, i don't see why you couldn't, or more accurately she couldn't, deposit 5k in a roth ira in her name. #2, someone will correct me if i'm wrong but my understanding is that you can contribute 5k ...
by itslate
Wed Oct 26, 2011 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: question about homestead exemption(FL)
Replies: 18
Views: 1615

Re: question about homestead exemption(FL)

Still unsure about this but I'm going for a second look at a property this week hopefully and I'll be asking my realtor about it. I'll come back and post what she says.
by itslate
Wed Oct 26, 2011 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: Cutting the cord...
Replies: 37
Views: 4648

Re: Cutting the cord...

some excellent suggestions thus far. a few i would stress are those about reading and understanding the lease before signing. get someone to read it over with you if you have any questions at all. another great one is about food. learn to cook if you don't know how already. ask your parents to let y...
by itslate
Tue Oct 25, 2011 5:43 pm
Forum: Personal Finance (Not Investing)
Topic: question about homestead exemption(FL)
Replies: 18
Views: 1615

Re: homestead exemption(FL)

Thanks for the replies. The property would be permanently occupied full time by me. Reading through the links provided it does seem that there would at best be some limitations to our/my qualification for the exemption. The following passage from kenner's link seems to suggest that 25k of the exempt...
by itslate
Tue Oct 25, 2011 5:32 pm
Forum: Investing - Theory, News & General
Topic: 403b contribution date
Replies: 9
Views: 679

Re: 403b contribution date

Our official payday at work is every other Friday even though direct deposits hit overnight between Wednesday and Thursday and we get the physical check stub on Thursday. Deferrals to the 403b show up the following Wednesday at the Tuesday closing price.
by itslate
Mon Oct 24, 2011 10:22 pm
Forum: Personal Finance (Not Investing)
Topic: question about homestead exemption(FL)
Replies: 18
Views: 1615

question about homestead exemption(FL)

Hi, I've recently become aware of the existence of a homestead exemption applicable to property taxes on a primary residence in FL and wonder if I would be eligible should plans come together the way they seem to be shaping up. Quick backstory: A family member(FM) in another state is interested in p...
by itslate
Sat Oct 15, 2011 12:56 pm
Forum: Personal Investments
Topic: Poll: What percent of your investable assets are in Roths?
Replies: 57
Views: 4399

Mid-2011 is basically the beginning of my serious saving for retirement. As such, I started a Roth IRA only a few months ago and had previously only been contributing to my 403b, also started in 2011, at the minimum rate from Jan. to a few months ago. I've been contributing to the Roth at a rate nec...
by itslate
Sun Sep 25, 2011 11:30 pm
Forum: Personal Consumer Issues
Topic: Taking a trip to Boston. Any suggestions?
Replies: 32
Views: 3295

the duck tours are cool. they take you on a tour in a rehabbed amphibious vehicle. freedom trail tours are great for historical tourism. the new england aquarium is a good one (and legal sea foods just outside is a great restaurant imo).
by itslate
Fri Sep 23, 2011 4:08 pm
Forum: Personal Consumer Issues
Topic: Favorite song line?
Replies: 153
Views: 14055

Locked up inside you,
like the calm beneath castles,
is a cavern of treasures that
no one has been to.
Let's go digging.

-Tool
by itslate
Tue Sep 20, 2011 6:35 pm
Forum: Investing - Theory, News & General
Topic: I-Bonds, invest $10K now or wait 2 more months?
Replies: 42
Views: 5573

thanks for the replies, dratkinson and others. long story short i am currently unable to open a checking account (i've tried and been rejected) at a local b&m bank. i had access to an account that was opened when i started school so i've been using that plus another online account. i can transfe...
by itslate
Sun Sep 18, 2011 8:26 pm
Forum: Investing - Theory, News & General
Topic: I-Bonds, invest $10K now or wait 2 more months?
Replies: 42
Views: 5573

sorry if i'm drifting too far off topic here but if a person banks online can they purchase I bonds at a brick and mortar bank at which they have no account?
by itslate
Fri Sep 16, 2011 5:07 pm
Forum: Investing - Theory, News & General
Topic: reading recommendations wanted
Replies: 14
Views: 1849

I just wanted to thank everyone for their recommendations. I had a balance left on a gift card so I just purchased Richard Ferri's All About Asset Allocation on my kindle. I entered through a link from Bogleheads so hopefully I did it the right way to kick the referral fee to the site. Thanks again!
by itslate
Tue Sep 13, 2011 10:42 pm
Forum: Personal Finance (Not Investing)
Topic: How did you choose your mortgage?
Replies: 16
Views: 2375

How did you choose your mortgage?

I wonder what this community thinks about mortgage options. Did you take out a 30 year mortgage or something shorter? Fixed or adjustable rate? What factors played into your considerations when deciding?
by itslate
Tue Sep 13, 2011 7:25 pm
Forum: Investing - Theory, News & General
Topic: reading recommendations wanted
Replies: 14
Views: 1849

mil by 40 wrote:
Frugal thought, I'd get them from the library first and after reading only purchase the ones you think you'll want to re-read and refer to frequently.
excellent idea. thank you.
by itslate
Tue Sep 13, 2011 7:23 pm
Forum: Investing - Theory, News & General
Topic: Help to those new to investing:
Replies: 4
Views: 790

Thank you for this post. As someone to whom it is directed I appreciate the attention to detail in outlining a successful approach to taking the reins in my personal financial life.
by itslate
Sun Sep 11, 2011 9:51 pm
Forum: Investing - Theory, News & General
Topic: reading recommendations wanted
Replies: 14
Views: 1849

Thanks for the suggestions so far. I'll be ordering later this week and probably go with more than one of the recommendations. It seems based on the responses in this thread thus far that starting with Ferri's All About Asset Allocation and moving to Gibson's Asset Allocation is a good path. Perhaps...
by itslate
Sun Sep 11, 2011 8:14 pm
Forum: Investing - Theory, News & General
Topic: reading recommendations wanted
Replies: 14
Views: 1849

reading recommendations wanted

I'm interested in learning more about asset allocation and the ways each asset class does what it does. Can anyone point me toward a good place to start? I've read the Bogleheads Guide to Retirement Planning already and will likely order the Guide to Investing soon. Another book I plan on getting is...
by itslate
Sun Sep 11, 2011 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: saving for a house
Replies: 11
Views: 2304

If I didn't wait, I could end up with hundreds of CDs. As it is, I'm looking at up to 20 CDs. Ally doesn't have minimums for CDs, so you can buy whatever amount you want, when you want. I recommend opening up a money market savings account with them for building up the balance before buying a CD. i...
by itslate
Fri Sep 09, 2011 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: saving for a house
Replies: 11
Views: 2304

thanks very much for all the replies! I think I'll end up saving in my savings account and buying CD's once I hit certain targets. Thanks for the Ally bank suggestion, that minimal penalty will certainly help with getting the best rate(s).