Search found 72 matches

by Student2
Tue Jun 16, 2020 8:59 pm
Forum: Personal Investments
Topic: Is Backdoor Roth Worth It?
Replies: 5
Views: 766

Re: Is Backdoor Roth Worth It?

Current max contribution (each) to IRA = $6000 Let's assume a modest 4% annual return on your investments and you deposit the full amount at the beginning of each year. Further, let's assume you work until full retirement age (and that Roth IRA's still exist and are as favorable from a tax perspecti...
by Student2
Thu Jun 11, 2020 7:07 pm
Forum: Personal Investments
Topic: Sell company stock and use to fund Roth IRA?
Replies: 10
Views: 479

Re: Sell company stock and use to fund Roth IRA?

My company also does the same as part of total compensation. I have always sold it the moment the stock vests and invested it according to my IPS. Per that document, I do not hold individual stocks but buy a broad market index and hold a corresponding proportion of bonds, to reduce volatility. If yo...
by Student2
Mon May 25, 2020 10:23 pm
Forum: Personal Finance (Not Investing)
Topic: Help understanding Credit Utilization (new to credit cards)
Replies: 15
Views: 748

Re: Help understanding Credit Utilization (new to credit cards)

I agree with mervinj7 . The impact to your credit score from higher utilization is temporary and will return to normal in a few months at most. Unless you need as high a credit score as you can have, there's no reason to worry about it. If you ever do need to maximize your credit score (and it's goi...
by Student2
Fri May 22, 2020 6:37 pm
Forum: Personal Finance (Not Investing)
Topic: Financial advice for undertaking a PhD
Replies: 47
Views: 3152

Re: Financial advice for undertaking a PhD

So I went back to school to get a PhD at around the same age as you. It made good sense for me as I did not want to keep doing what I was doing and I now love my job and get paid much better than I would have been without the PhD. I did see some calculations showing that getting a PhD doesn't really...
by Student2
Sat May 16, 2020 3:19 pm
Forum: Personal Finance (Not Investing)
Topic: Advice for first time homebuyer? Cheapest mortgages?
Replies: 9
Views: 1067

Re: Advice for first time homebuyer? Cheapest mortgages?

Suggest to your friend that he spend some time at https://mtgprofessor.com/home.aspx . There is a lot of learning to be had there. I spent time after learning about the website from other BogleHeads and it was very helpful when I got my first mortgage. Pay special attention to what the Mortgage Prof...
by Student2
Thu May 14, 2020 10:08 pm
Forum: Personal Finance (Not Investing)
Topic: Companies that have a pension and 401k?
Replies: 63
Views: 3573

Re: Companies that have a pension and 401k?

Another pharma company and another 401k and an open pension (not employee contribution required). I know that not all BigPharma offers pensions, but so far I'm counting 4 that are 4/4.
by Student2
Mon May 11, 2020 8:39 pm
Forum: Personal Finance (Not Investing)
Topic: $55k CAD check
Replies: 7
Views: 1124

Re: $55k CAD check

Don't cash it in the US, that's a substantial amount as far as fees and bad exchange rates go. Check out Norbert's gambit at the Canadian site's financial wiki https://www.finiki.org/wiki/Norbert%27s_gambit . Also take a look at the posts on the Canadian forum to get additional details https://www.f...
by Student2
Mon May 04, 2020 7:37 pm
Forum: Personal Consumer Issues
Topic: terro ant treatment
Replies: 34
Views: 1833

Re: terro ant treatment

I occasionally have ants. They range from little tiny ones you almost can't see to a few stray big ones. I've seen them eat an entire oreo cookie (outside) in a few hours...scary. Good thing they are small! I try to tolerate the ants and discourage their visits to my house. I've even (successfully) ...
by Student2
Tue Mar 31, 2020 9:22 pm
Forum: Personal Finance (Not Investing)
Topic: Moving to Canada as a US Citizen with income from both countries
Replies: 21
Views: 1150

Re: Moving to Canada as a US Citizen with income from both countries

One thing no one has mentioned is that many Canadian banks (and independent investment companies) will not want to do business with you, as an American (or even as a Canadian) with accounts in the US. The US IRS requires that Canadian banks dealing with Americans report annually on deposits and acco...
by Student2
Wed Feb 26, 2020 10:18 pm
Forum: Personal Consumer Issues
Topic: Vancouver area trip in Aug - 5 nights
Replies: 20
Views: 1943

Re: Vancouver area trip in Aug - 5 nights

So for Chinese food, you really need to take the skytrain to Richmond, about an hour drive (or 30 min) depending on traffic. DO NOT drive at rush hour if you plan on driving. Richmond, just south of Vancouver, has the largest concentration of Hong Kong & mainland Chinese outside of China. You will f...
by Student2
Mon Feb 10, 2020 11:08 pm
Forum: Personal Consumer Issues
Topic: What do you/did you spend your bonus on?
Replies: 103
Views: 8049

Re: What do you/did you spend your bonus on?

you think of it as “lumpy salary,” and mentally account for it over 12 months. This is the correct way to think about it. You need to base your consumption decisions off of part your total compensation from all sources. I dislike the word bonus. It implies that it is extra and special. Like a gift ...
by Student2
Mon Feb 10, 2020 10:47 pm
Forum: Personal Consumer Issues
Topic: Recommended biology/life science related majors and careers?
Replies: 51
Views: 3453

Re: Recommended biology/life science related majors and careers?

+1 to the bioinformatics suggestion, also anything related to "big data": combining biology with some quantitative training, i.e., statistics, esp. biostats, is at the very least flexible and likely to provide more than average earnings. Alternatively, I would also highly recommend epidemiology, a f...
by Student2
Sat Feb 01, 2020 9:03 pm
Forum: Personal Finance (Not Investing)
Topic: Who would you refinance your mortgage with?
Replies: 45
Views: 4643

Re: Who would you refinance your mortgage with?

I refinanced with Aimloan about 1-1/2 years ago. The process was as simple as such things could be, they beat rates & cost compared to the 3 other banks/lenders I queried (RocketLoan, local CU, and previous lender). Any mortgage I shop for again will include AimLoan as a potential lender. I would de...
by Student2
Sun Jan 19, 2020 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage Options
Replies: 12
Views: 1593

Re: Mortgage Options

You can compare the impact of using different mortgages using the calculators at the Mortgage Professor https://mtgprofessor.com/CalculatorArticles/Mortgage%20Comparison.html . (Incidentally, I would take a look at the mortgage rates at the upfront mortgage lenders there, too, for comparison. The hi...
by Student2
Tue Jan 07, 2020 7:23 pm
Forum: Personal Finance (Not Investing)
Topic: Cross-border tax accountant recommendations
Replies: 1
Views: 182

Re: Cross-border tax accountant recommendations

You may have better luck posting on the Canadian Bogleheads Forum https://www.financialwisdomforum.org/forum/index.php . In general, it's easier to find cross-border accountants nearer the border so you might try looking in Bellingham, WA to see if you can find a smaller firm that does cross-border ...
by Student2
Tue Jan 07, 2020 7:00 pm
Forum: Personal Investments
Topic: Opening a new HSA
Replies: 25
Views: 1986

Re: Opening a new HSA

As long as you are enrolled in a high-deductible health plan, you can deduct contributions to an HSA, outside of your employer plan, for both federal and (in most states) state taxes. I think what you miss out on by not using payroll deductions to fund your HSA are the FICA exemptions. For this reas...
by Student2
Tue Jan 07, 2020 2:46 pm
Forum: Personal Investments
Topic: Potential pitfalls with Roth 401k vs. traditional 401k
Replies: 25
Views: 1876

Re: Potential pitfalls with Roth 401k vs. traditional 401k

You are still required to take RMD from a Roth 401(k), although you can avoid them by rolling over your Roth 401(k) to a Roth IRA before you reach 72.2 years (the SECURE Act changes the age of RMD from 70.5 to 72.2 years). Even if your income is too high to allow direct Roth IRA contributions, you c...
by Student2
Sat Dec 07, 2019 4:25 pm
Forum: Personal Consumer Issues
Topic: Does anyone have a dishwasher they recommend?
Replies: 97
Views: 6610

Re: Does anyone have a dishwasher they recommend?

Definitely Miele. They are not as widely known as other brands, but that's at least in part due to the fact they don't spend much on advertising and count on word of mouth. Good Bavarian engineering :D ... yes, that means the wash cycles are pretty long, but I appreciate the energy efficiency. We do...
by Student2
Mon Oct 28, 2019 9:10 pm
Forum: Personal Investments
Topic: any canucks living in US? i've got an RRSP question
Replies: 7
Views: 730

Re: any canucks living in US? i've got an RRSP question

As emlowe stated, depending on your balances and your plans to return to Canada some day, it may just be easier to liquidate your account. That said, you can choose to keep your RRSP and you no longer have to file annually to report it. The IRS no longer requires you to disclose amounts and returns ...
by Student2
Mon Oct 28, 2019 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: Best option for transferring +/- 100k Euro to US$ account
Replies: 11
Views: 920

Re: Best option for transferring +/- 100k Euro to US$ account

I'm no expert, but I suggest you take a look at "Norbert's Gambit" in the Canadian forum's wiki https://www.finiki.org/wiki/Norbert%27s_gambit . This is a way to optimize the transfer rate for currency. I'm not sure it will work for euros, but in principle, if it's possible to find a stock that is t...
by Student2
Sat Oct 05, 2019 8:40 pm
Forum: Personal Investments
Topic: Transfer into former employer's 401(k) possible?
Replies: 25
Views: 1932

Re: Transfer into former employer's 401(k) possible?

Just fyi, re: rollovers into former employers, my 403(b) at TIAA allows rollovers even after detachment. Given the availability of TIAA's RE fund, along with their other funds at institutional fee rates, I consider myself very fortunate especially now that you tell me how rare this is.
by Student2
Sat Oct 05, 2019 10:23 am
Forum: Personal Consumer Issues
Topic: Recommendation for Carry on Luggage
Replies: 64
Views: 4942

Re: Recommendation for Carry on Luggage

I entirely agree with Stan1 that a USB/battery pack is probably more flexible (especially if you had a solar panel charger for THAT), but it’s my Away battery that made me appreciate that. In my daily life, I’m never more than a few feet away from an outlet so it’s mostly not an issue. When I’m trav...
by Student2
Tue Oct 01, 2019 9:00 pm
Forum: Personal Finance (Not Investing)
Topic: Efficient way of transferring Euro to USD
Replies: 19
Views: 1548

Re: Efficient way of transferring Euro to USD

Given your comment that this involves a senior, this may not be feasible, but you should look at Norbert's Gambit on the Canadian forum (or just google it) as a way to get an exchange using a more optimal fee schedule than the banks usually offer.
by Student2
Tue Oct 01, 2019 8:55 pm
Forum: Personal Consumer Issues
Topic: Salt-Free Water Softeners
Replies: 42
Views: 3729

Re: Salt-Free Water Softeners

Seems like several Bogleheads with more expert knowledge have weighed in. The only thing I didn't see was that to minimize the amount of salt you use, you may want to consider getting a metered tank. Someone alluded to that, but didn't mention this option. Many water softeners regenerate the resin a...
by Student2
Tue Oct 01, 2019 8:41 pm
Forum: Personal Consumer Issues
Topic: Recommendation for Carry on Luggage
Replies: 64
Views: 4942

Re: Recommendation for Carry on Luggage

I have lately grown quite fond of Away ]https://www.awaytravel.com/ . They're the luggage you've seen in airports that has a built-in battery. The battery is easily removable at the gate even, if you need, and the company is decent. I had an older version of the Away larger carry-on and I had to uns...
by Student2
Thu Sep 12, 2019 6:24 pm
Forum: Personal Consumer Issues
Topic: American kids attending Canadian Universities??
Replies: 22
Views: 2862

Re: American kids attending Canadian Universities??

texasdiver I attended UBC for undergrad and stayed to work in life sciences for many many years. I later went to grad school at UW, so I can compare the two. I knew people who went from UBC to Harvard, Yale, etc and their experience was that they were as well-prepared, if not better in some cases, ...
by Student2
Mon Aug 19, 2019 6:38 pm
Forum: Personal Finance (Not Investing)
Topic: Help confirm the best mortgage options
Replies: 8
Views: 853

Re: Help confirm the best mortgage options

Plug your numbers into this MortgageProfessor refinance calculator (1 FRM into another) and check which loan comes out ahead, based on your credit score, years expected in house (I use one year to get an idea of the total outlay, but if you expect to be in your house longer, you could use that term)...
by Student2
Mon Aug 19, 2019 6:15 pm
Forum: Personal Finance (Not Investing)
Topic: Would You Refinance Under the Following Circumstances
Replies: 16
Views: 1080

Re: Would You Refinance Under the Following Circumstances

Sounds like you have good resources. You can also look at MortgageProfessor to find current rates from upfront mortgage lenders. Based on my zip code, 15-year refinance using your loan balance and home value and an excellent credit score, the best rate was 3.25. If you're refinancing from one fixed-...
by Student2
Mon Aug 19, 2019 5:24 pm
Forum: Personal Consumer Issues
Topic: Pharmacist to Data Analyst Role
Replies: 38
Views: 3495

Re: Pharmacist to Data Analyst Role

What you are describing is, essentially my profession. I am a quantitative data scientist working in pharmacoepidemiology. A pharmacist with training in epidemiology has the potential to contribute in several areas related to drug development. At one extreme is a combined PharmD + PhD in epidemiolog...
by Student2
Sun Aug 18, 2019 12:36 pm
Forum: Personal Investments
Topic: Single-stock investing in taxable or Roth?
Replies: 39
Views: 2055

Re: Single-stock investing in taxable or Roth?

Well, to be perfectly boglehead about it, single-stock investing is not investing, it's speculating. Nothing wrong with that, as long as you have enough invested for your needs. As speculation, you should not take up valuable tax-advantaged space to house this speculation. UNLESS you have enough mon...
by Student2
Sat Aug 17, 2019 9:52 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage refinance - should I go from 4% => 3.5%? Why did mortgage rates tick up as economic data has been hesitant?
Replies: 12
Views: 2390

Re: Mortgage refinance - should I go from 4% => 3.5%? Why did mortgage rates tick up as economic data has been hesitant?

To help you figure out whether it's worthwhile to refinance or not, I like to use the refinance calculator at MortgageProfessor ( https://mtgprofessor.com/CalculatorArticles/Refinance-Calculator.html -- use the one you need). Make sure you understand ahead of time what it is you're looking for -- if...
by Student2
Mon Aug 12, 2019 9:28 pm
Forum: Personal Finance (Not Investing)
Topic: I am buying a new house soon ( first buyer ...) advice ...
Replies: 10
Views: 1914

Re: I am buying a new house soon ( first buyer ...) advice ...

You need to include whether or not you are paying points and what your closing costs look like. These, and the interest rate are the triumvirate of profit for mortgages. Without knowing all 3, it's hard to say whether you are getting a good rate. I would recommend you spend some time on the mortgage...
by Student2
Mon Aug 12, 2019 9:18 pm
Forum: Personal Finance (Not Investing)
Topic: Moving from Canada -> USA tax implications
Replies: 19
Views: 1317

Re: Moving from Canada -> USA tax implications

You may have better luck getting a reply if you post on the Canadian forum https://www.financialwisdomforum.org/forum/index.php . (Dual citizen here, but my circumstances were much less complex than yours.) In my experience, you can sometimes find Canadians (or dual citizens) with information on cro...
by Student2
Sat Aug 03, 2019 10:45 pm
Forum: Personal Finance (Not Investing)
Topic: If I have HSA at work can I open a separate HSA through Fidelity?
Replies: 10
Views: 1148

Re: If I have HSA at work can I open a separate HSA through Fidelity?

An HSA is just a type of account. You can have as many accounts at different HSA custodians as you like, but you can only contribute a maximum total to your HSA (in 2019 $3500 for an individual HSA and $7000 for a family). The advantage of an employer-sponsored HSA is that contributions you make are...
by Student2
Sun Jul 21, 2019 7:26 pm
Forum: Personal Investments
Topic: 529 savings if not used
Replies: 6
Views: 1094

Re: 529 savings if not used

I have read that the penalty for 529 accounts is set too low because it doesn't prevent use of the 529 as an alternate retirement investment or, more likely, to contribute the maximum they can afford* regardless of whether they expect to be able to use it for education purposes or not. The idea bein...
by Student2
Thu Jul 04, 2019 12:38 pm
Forum: Personal Consumer Issues
Topic: Mortgage Refinance Question
Replies: 10
Views: 1638

Re: Mortgage Refinance Question

I like the calculator at Mortgage Professor https://www.mtgprofessor.com/CalculatorArticles/Refinance-Calculator.html (pick the calculator that best describes your goals). If you go all the way through the calculator, the website will offer you a list of 'upfront mortgage companies'. TL,dr: shop for...
by Student2
Thu Jul 04, 2019 12:24 pm
Forum: Personal Consumer Issues
Topic: Prescription drugs - how to determine country of origin?
Replies: 25
Views: 2081

Re: Prescription drugs - how to determine country of origin?

Like many things with multiple components, non-biologic medications are likely sourced from many different places and shipped, sometimes across national borders, to where the medication is made. Biologic medications (e.g., proteins like insulin) are produced all at once in a bioreactor, but the mate...
by Student2
Sat Jun 15, 2019 11:16 pm
Forum: Personal Consumer Issues
Topic: Radon levels in home
Replies: 50
Views: 5367

Re: Radon levels in home

I would recommend that you test. Depending on what you find, you may want to take steps to lower radon levels in your home. Most homes are pretty leaky, so even if you're recirculating air, the radon level of the recirculated air will probably not tend to be a simple average of the upstairs and down...
by Student2
Fri Jun 07, 2019 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: Best place to get a mortgage these days?
Replies: 7
Views: 1406

Re: Best place to get a mortgage these days?

I found this site https://www.mtgprofessor.com/home.aspx very helpful. I learned a lot and, if you go all the way through the process, you will also get mortgage rates from "up front mortgage brokers" which are useful even if they are not who you choose to buy your mortgage from. I have purchased an...
by Student2
Tue Jun 04, 2019 6:29 pm
Forum: Personal Finance (Not Investing)
Topic: How to get the lowest mortgage rate?
Replies: 29
Views: 5161

Re: How to get the lowest mortgage rate?

Thanks everyone for the input. I've been reading mtgprefessor. I'll definitely check bankrate, mtgprefessor and Zillow for the rates on the same date and ask for no-cost loan. For the pre-approval, I know when I find the right house, I don't need to go with the one who gave me pre-approval. Does it...
by Student2
Sat Jun 01, 2019 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: How to get the lowest mortgage rate?
Replies: 29
Views: 5161

Re: How to get the lowest mortgage rate?

What blackholescion and arcticpineapplecorp said is also what I have experienced, but to be able to properly compare the quotes you get, you need to have all the quotes provided on the same day. I learned a lot by reading https://www.mtgprofessor.com/home.aspx when I first purchased and, later, refi...
by Student2
Sat Jun 01, 2019 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: Best Bank/Lender for 15 year fixed mortgage?
Replies: 15
Views: 1686

Re: Best Bank/Lender for 15 year fixed mortgage?

aerosurfer wrote: ↑Fri May 31, 2019 10:57 pm I was very satisfied with AIMloan.com. Very easy to work with, transparent and delivered the best rate I could find at the time within 30 days. +1. Aimloan employees were very knowledgeable & able to explain things clearly, and responsive - far better th...
by Student2
Tue Apr 16, 2019 10:21 pm
Forum: Personal Consumer Issues
Topic: Basement water issues
Replies: 37
Views: 3578

Re: Basement water issues

I am no expert and hopefully someone with more experience will weigh in, but I also have an occasionally damp basement and have spent some time reading about this. Many basements built around the time of my house, early 50s, were not designed to be dry. Previous occupants didn't expect the basements...
by Student2
Thu Apr 04, 2019 6:27 pm
Forum: Personal Consumer Issues
Topic: Help me plan 3 days in Vancouver
Replies: 15
Views: 1394

Re: Help me plan 3 days in Vancouver

Vancouver expat here, I second what others have said about Stanley Park. If you like to walk, you'll enjoy the seawall. There are plenty of restaurants on Denman St and nearby, but depending on whether you want to find someplace casual you may want to end at English Bay (walking from North side of s...
by Student2
Sun Jan 20, 2019 6:59 pm
Forum: Personal Investments
Topic: Beginning investing late at 50 years old
Replies: 6
Views: 1603

Re: Beginning investing late at 50 years old

Congratulations Leb4123 and welcome to the forum! I think you will find a great deal of information on this site to help you plan your retirement . Many Americans do not have any money saved for retirement so you will be ahead of the game. While it's true that you will have to save more because you ...
by Student2
Tue Jan 01, 2019 2:04 am
Forum: Personal Consumer Issues
Topic: Radon Mitigation System
Replies: 20
Views: 2015

Re: Radon Mitigation System

From a reply I posted in another thread, I would not take radon lightly and I would not recommend anyone under mid/late-sixties spend much time in a basement with radon levels even near 4 pCi/L. I am an epidemiologist and worked in cancer research for many years. I echo what adamthesmythe commented ...
by Student2
Sun Oct 14, 2018 12:08 pm
Forum: Personal Investments
Topic: [How much should I contribute to my 401k?]
Replies: 8
Views: 880

Re: [How much should I contribute to my 401k?]

CorradoJr : No, my BigCorp pays the match over the year, in each annual pay period. If I max out my contributions and the deductions for MY contributions stop being deducted from my checks, THEIR match continues. The match at my company is based on percentage of salary and I think they consider tha...
by Student2
Sun Oct 14, 2018 11:40 am
Forum: Personal Investments
Topic: [How much should I contribute to my 401k?]
Replies: 8
Views: 880

Re: [How much should I contribute to my 401k?]

Since joining BigCorp, I also maxed out my 401k. One year, due to the inaccuracies in my estimations, I left money on the table (<$300, but still, it's tax-deferred space gone forever :oops: ). After that, I raised my contribution level so that I would max out no matter what, before year-end. I conf...
by Student2
Sun Oct 07, 2018 4:19 pm
Forum: Personal Consumer Issues
Topic: Radon
Replies: 10
Views: 1455

Re: Radon

I am an epidemiologist and worked in cancer research for many years. I echo what adamthesmythe commented to you. 4.0 pCi/L was the level agreed upon by a governmental and scientific organizations (e.g., CDC, American Lung Association, etc.) ( Radon Fact Sheet at cancer.gov). A slightly higher action...