Search found 162 matches

by sighchological
Mon Oct 15, 2018 4:04 pm
Forum: Investing - Help with Personal Investments
Topic: 1st time planning to tax harvest, advice appreciated!
Replies: 7
Views: 1196

Re: 1st time planning to tax harvest, advice appreciated!

thx for the reply. As for the above, would the following portfolio be good? (new funds in red)
by sighchological
Tue Oct 02, 2018 7:27 pm
Forum: Investing - Help with Personal Investments
Topic: 1st time planning to tax harvest, advice appreciated!
Replies: 7
Views: 1196

Re: 1st time planning to tax harvest, advice appreciated!

Are you saying that since SWTSX tracks the Dow Jones TSM Index and VTSAX tracks the CRSP US Total Market Index, they are tracking different indexes and are not considered “substantially identical securities”? -------------------------------------------------------------------------------------------...
by sighchological
Fri Sep 28, 2018 5:56 pm
Forum: Investing - Help with Personal Investments
Topic: 1st time planning to tax harvest, advice appreciated!
Replies: 7
Views: 1196

Re: 1st time planning to tax harvest, advice appreciated!

Thanks for the reply.

My taxable is Vanguard’s total stock market. How is SCHWAB TOTAL STOCK MARKET INDEX (SWTSX) not the same?

Even if I lump sump both the rIRA at the beginning of the year, I’ll still have to wait 30 days until I can tax harvest in my taxable….correct?
by sighchological
Thu Sep 27, 2018 6:05 pm
Forum: Investing - Help with Personal Investments
Topic: 1st time planning to tax harvest, advice appreciated!
Replies: 7
Views: 1196

1st time planning to tax harvest, advice appreciated!

Hello, I’m able to max out our retirement accounts, and recently started to contribute to our taxable account. I recently read about tax harvesting and am planning to restructure my portfolio in order to tax harvest. Desired Asset allocation: 80% stocks / 20% bonds. Desired International allocation:...
by sighchological
Sat Sep 15, 2018 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: Beneficiary unallowed in joint taxable -move to single acct?
Replies: 11
Views: 962

Beneficiary unallowed in joint taxable -move to single acct?

Hello everyone, After the birth of my child, I am trying to make sure all my retirement/non retirement accounts have a beneficiary (my child) listed. I don't have a will/trust yet - I'm in the process of it. I have around $37K in a joint taxable account with my wife through Vanguard. I don’t feel sa...
by sighchological
Sat Sep 15, 2018 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: 1st time dad, OK to use willmaker software?
Replies: 37
Views: 3323

Re: 1st time dad, OK to use willmaker software?

Thanks everyone for the help. “I think you can use estate planning software if you and your spouse have very simple needs and if your wishes are close to the default laws of your state. Who do you want to be the guardians of your children if both you and your spouse were to pass away within a few mo...
by sighchological
Fri Aug 31, 2018 6:43 pm
Forum: Personal Finance (Not Investing)
Topic: 1st time dad, OK to use willmaker software?
Replies: 37
Views: 3323

Re: 1st time dad, OK to use willmaker software?

Thanks everyone for the help. ---------------------------------------------------------------------------------------------- I’m surprised that a will and trust would only be couple of hundred dollars? I live in Nassau County, New York, anyone have any recommendations for estate attorneys? ---------...
by sighchological
Thu Aug 30, 2018 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: 1st time dad, OK to use willmaker software?
Replies: 37
Views: 3323

1st time dad, OK to use willmaker software?

Hello all, First time dad here! Really tired. Child is 3 weeks old, what is the best way to create a will for the following assets? Thanks in advance. --------------------------------------------------------------------------------------------------- Non retirement accounts: $30K in savings. $34K in...
by sighchological
Fri Jun 22, 2018 10:00 pm
Forum: Investing - Help with Personal Investments
Topic: 1st Baby on way, financial checkup
Replies: 11
Views: 1866

Re: 1st Baby on way, financial checkup

Thanks everyone for the tips! Couple questions: 1) FiveK, why would “having a mix of stock/bonds” in 457B to withdraw during early retirement only “probably” and not “absolutely” be good? ----------------------------------------------------------------------------------------------------------------...
by sighchological
Thu Jun 21, 2018 8:59 pm
Forum: Investing - Help with Personal Investments
Topic: 1st Baby on way, financial checkup
Replies: 11
Views: 1866

1st Baby on way, financial checkup

Hello everyone, Baby is on the way, any advice regarding my current finances would be appreciated! -------------------------------------------------------------------------------------------------------------------------------------------------------------- Annual gross income: Me (Age 32): Currentl...
by sighchological
Thu Jun 14, 2018 8:14 pm
Forum: Investing - Help with Personal Investments
Topic: Help understanding SALT deduction
Replies: 4
Views: 525

Help understanding SALT deduction

Am I correct in the following explanation of SALT that when you add lines 5 through 8 the total cannot be more than $10K? The following is from schedule A (Form 1040): Taxes You Paid 5 State and local a) Income taxes, or b) General sales taxes 6 Real estate taxes 7 Personal property taxes 8 Other ta...
by sighchological
Tue Jun 12, 2018 8:57 pm
Forum: Investing - Help with Personal Investments
Topic: Help w/ Solo 401K max contribution
Replies: 3
Views: 252

Re: Help w/ Solo 401K max contribution

Yes, i am less than 50. thanks for your help.
by sighchological
Tue Jun 12, 2018 4:18 pm
Forum: Investing - Help with Personal Investments
Topic: Help w/ Solo 401K max contribution
Replies: 3
Views: 252

Help w/ Solo 401K max contribution

Hello all, Any help regarding maximum contributions to the following retirement plans would be appreciated! ----------------------------------------------------------------- I have access to a 457B and Solo 401K. My wife has access to a 403b. We both are eligible to contribute to a Roth IRA. -------...
by sighchological
Thu May 24, 2018 9:24 pm
Forum: Personal Finance (Not Investing)
Topic: Baby on way, Empire health insurance or Oxford?
Replies: 8
Views: 822

Re: Baby on way, Empire health insurance or Oxford?

Thanks for the help guys. Delamer, I edited the title to “Empire”; I thought only government employees have access to the Empire Plan so I originally named Empire “government insurance”. ------------------------------------------------------------------------------------------------------------- Meg...
by sighchological
Wed May 23, 2018 8:53 pm
Forum: Personal Finance (Not Investing)
Topic: Baby on way, Empire health insurance or Oxford?
Replies: 8
Views: 822

Re: Baby on way, gov't health insurance or Oxford?

Mega317, Thanks for the info. My wife and I are 30 and 31, and we are in good health. 1) My understanding is that I’m insuring for a catastrophic event like what I referenced in my original post “several million dollar decade long battle with cancer, lukemia, etc...”, so that is what I’m most concer...
by sighchological
Wed May 23, 2018 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: Baby on way, Empire health insurance or Oxford?
Replies: 8
Views: 822

Baby on way, Empire health insurance or Oxford?

Hello all, We’re expecting the birth of our child in the first week of August 2018, and I’m trying to figure out which insurance to pick. We both have individual health insurance plans and plan to switch to a family plan when the baby is born. --------------------------------------------------------...
by sighchological
Sat Apr 14, 2018 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: Help w/ taxes re: Basic Star credit
Replies: 2
Views: 385

Re: Help w/ taxes re: Basic Star credit

thanks for the reply. I purchased the house in 2013, The Basic Star was deducted from my school bill.. I believe homeowners that purchased the house in 2016 receive the Basic Star in the form of a check instead of it being automatically deducted from their school bill.. correct me if I am wrong on t...
by sighchological
Sat Apr 14, 2018 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: Help w/ taxes re: Basic Star credit
Replies: 2
Views: 385

Help w/ taxes re: Basic Star credit

I’m almost done with my taxes on TaxHawk. Trying to figure out if I am interpreting the Basic Star credit correctly. In TaxHawk, under: Federal Itemized Deductions, it states: ------------------------------------------------------------------------------------------------------ You must reduce your ...
by sighchological
Sat Apr 14, 2018 12:21 pm
Forum: Investing - Help with Personal Investments
Topic: Solo 401K with E-trade or Vanguard?
Replies: 13
Views: 1635

Re: Solo 401K with E-trade or Vanguard?

Cool. Seems like SWTSX is the best for me, unless anyone else has any other ideas.

TwstdSista, thanks for pointing out the international issue. I have Vanguard Total International (Admiral) in my wife's 403B, so i will be using that for the international portion of my 3 fund portfolio.
by sighchological
Fri Apr 13, 2018 4:06 pm
Forum: Investing - Help with Personal Investments
Topic: Solo 401K with E-trade or Vanguard?
Replies: 13
Views: 1635

Re: Solo 401K with E-trade or Vanguard?

Thanks everyone for the help. I opened up a SEP-IRA with E-Trade today for 2017 and moved $1,695 into my sweep account. I asked 2 customer service reps if ITOT was eligible for automatic dividend reinvestments , and both said no, most ETF's do not qualify. So I don’t think I will use ITOT. 1) How ab...
by sighchological
Thu Apr 12, 2018 10:17 pm
Forum: Investing - Help with Personal Investments
Topic: Solo 401K with E-trade or Vanguard?
Replies: 13
Views: 1635

Solo 401K with E-trade or Vanguard?

I didn’t do my 2017 taxes yet, and I’m about to open up a SEP-IRA for 2017 and transfer it into a Solo 401k for 2018 (if using e-trade). I'm trying to make a decision whether to stick with Vanguard for simplicity's sake, or use Etrade. My self employment income is around $10-$15K a year. -----------...
by sighchological
Thu Apr 12, 2018 7:42 pm
Forum: Investing - Help with Personal Investments
Topic: $10K as a sole proprietor; how to invest?
Replies: 18
Views: 2200

Re: $10K as a sole proprietor; how to invest?

any additional help would be appreciated! thx!
by sighchological
Tue Apr 10, 2018 10:38 pm
Forum: Investing - Help with Personal Investments
Topic: $10K as a sole proprietor; how to invest?
Replies: 18
Views: 2200

Re: $10K as a sole proprietor; how to invest?

thanks so much for the help!! 1) I use taxhawk to do my taxes. I pretended that I contributed $10,025 to a Solo 401K in 2017. a. At the “Self Employed Retirement Contributions” it states: i. Do you have a SEP, SIMPLE, or other self-employed qualified retirement plan? (I put YES ) 1. Enter your 2017 ...
by sighchological
Mon Apr 09, 2018 4:31 pm
Forum: Investing - Help with Personal Investments
Topic: $10K as a sole proprietor; how to invest?
Replies: 18
Views: 2200

Re: $10K as a sole proprietor; how to invest?

I didn’t do my 2017 taxes yet, and I’m about to use E-Trade to open up a SEP-IRA for 2017 and transfer it into a Solo 401k for 2018. However, the following passage from the IRS: https://www.irs.gov/retirement-plans/retirement-plans-faqs-regarding-seps-contributions is confusing me. -----------------...
by sighchological
Tue Apr 03, 2018 8:06 pm
Forum: Investing - Help with Personal Investments
Topic: Advice needed; helping church set up 403B thru Vanguard
Replies: 5
Views: 975

Re: Advice needed; helping church set up 403B thru Vanguard

1) I called Fidelity, they have a $1 million dollar (asset?) requirement, and my church does not meet that criteria. I also called TIAA CREF, who has a $5 million (asset?) requirement.. so I guess I would be going with Vanguard to set up a 403B for our church. --------------------------------------...
by sighchological
Sat Mar 31, 2018 4:27 pm
Forum: Investing - Help with Personal Investments
Topic: Advice needed; helping church set up 403B thru Vanguard
Replies: 5
Views: 975

Advice needed; helping church set up 403B thru Vanguard

Hello everyone, I’m trying to help my church set up a 403B through Vanguard for their staff. Few full time staff are owed between $14K to $19K towards retirement. Full time staff receive a portion of their salary each year towards retirement, however, the church did not have a retirement plan and wa...
by sighchological
Wed Jan 17, 2018 10:41 pm
Forum: Investing - Help with Personal Investments
Topic: $10K as a sole proprietor; how to invest?
Replies: 18
Views: 2200

Re: $10K as a sole proprietor; how to invest?

Thanks Spirit Rider, your info is super helpful! -------------------------------------------------------------------------------------------------------------- I plan to to open up a SEP-IRA for 2017 and transfer it into a Solo 401k for 2018. $10,025 (income) – $904(expenses) = $9,121 net business p...
by sighchological
Mon Jan 15, 2018 2:02 pm
Forum: Investing - Help with Personal Investments
Topic: $10K as a sole proprietor; how to invest?
Replies: 18
Views: 2200

Re: $10K as a sole proprietor; how to invest?

Hi Spirit Rider, Thanks for the help. 1) Regarding your suggestion to use tax prep software, I use TaxAct for my taxes. Is there a section that tells you how much you can contribute to your Solo 401k? --------------------------------------------------------------------- 2) Where does it say “The emp...
by sighchological
Fri Jan 05, 2018 9:45 pm
Forum: Investing - Help with Personal Investments
Topic: $10K as a sole proprietor; how to invest?
Replies: 18
Views: 2200

Re: $10K as a sole proprietor; how to invest?

Thanks for the help Spirit Rider. ------------------------------------------------------------------------------- So what is the maximum in 2018 I can contribute towards the Solo 401K if I contribute to the following retirement plans? Where is it in the IRS publications? Me: 457B : $18.5K Roth IRA :...
by sighchological
Thu Jan 04, 2018 8:45 pm
Forum: Investing - Help with Personal Investments
Topic: $10K as a sole proprietor; how to invest?
Replies: 18
Views: 2200

Re: $10K as a sole proprietor; how to invest?

Thanks for all the help; knowing that the 457b contributions are not counted as employee contributions were a huge help. Where does it say that in the IRS publication? Just confirming that in the above posts, when you say Solo 401K you mean Individual 401K. ------------------------------------------...
by sighchological
Sat Dec 30, 2017 6:02 pm
Forum: Investing - Help with Personal Investments
Topic: $10K as a sole proprietor; how to invest?
Replies: 18
Views: 2200

$10K as a sole proprietor; how to invest?

Hello everyone, I made $10,025 this year as a sole proprietor and would like to invest the funds. I spoke to a Vanguard rep and she recommended that I use a SEP-IRA to invest a portion of my self employment income. Some stats: -------------------------------------------- In 2017 my wife and I contri...
by sighchological
Wed Dec 13, 2017 11:06 pm
Forum: Investing - Help with Personal Investments
Topic: Help w/ portfolio & w/ approximating stock market
Replies: 8
Views: 1013

Re: Help w/ portfolio & w/ approximating stock market

Thanks ruralavalon for taking the time to write such a thorough response. I read all the links that you recommended. ------------------------------------------------------------------- Some questions regarding small caps: 1) I thought the NYSDCB Russell 2500 Index Unitized Account was only small cap...
by sighchological
Tue Dec 12, 2017 8:28 pm
Forum: Investing - Help with Personal Investments
Topic: Help w/ portfolio & w/ approximating stock market
Replies: 8
Views: 1013

Re: Help w/ portfolio & w/ approximating stock market

Thanks everyone for the help. Ruralavalon, I have VINIX in my wife’s 403B, but not in my 457b. I have the Equity Index Unitized Account, which is a S&P 500 index. Are you saying that I should sell the small cap in my 457B and my portfolio would look like: Large Cap NYSDCB Equity Index Unitized Accou...
by sighchological
Mon Dec 11, 2017 10:30 pm
Forum: Investing - Help with Personal Investments
Topic: Help w/ portfolio & w/ approximating stock market
Replies: 8
Views: 1013

Help w/ portfolio & w/ approximating stock market

Hello everyone, at age 31 it's almost my 5th year investing; thanks for everyone's help here. I’m very likely to move 30% of U.S stocks into international , however, before doing so I have a question regarding a pproximating the total stock market : ---------------------------------- Desired Asset A...
by sighchological
Thu Nov 30, 2017 9:30 pm
Forum: Investing - Help with Personal Investments
Topic: Going from 100% U.S stocks to 30% international?
Replies: 36
Views: 3892

Re: Going from 100% U.S stocks to 30% international?

Thanks staythecourse. I see your point; perhaps there is an element of market timing in my decision making. The thing is it's exhausting being indecisive, as i have been for a while.. i really do want to make a firm decision and stick with it...... if I just wait and wait til international goes bad....
by sighchological
Wed Nov 29, 2017 9:23 pm
Forum: Investing - Help with Personal Investments
Topic: Going from 100% U.S stocks to 30% international?
Replies: 36
Views: 3892

Re: Going from 100% U.S stocks to 30% international?

Thanks for everyone’s responses. Please let me know if the following logic is flawed.. ------------------------------------------------------------------- 1) After reading the "the little book of common sense investing" by John Bogle, which was somewhat of an easy read, I read "common sense on mutua...
by sighchological
Tue Nov 28, 2017 10:38 pm
Forum: Investing - Help with Personal Investments
Topic: Going from 100% U.S stocks to 30% international?
Replies: 36
Views: 3892

Going from 100% U.S stocks to 30% international?

Hello everyone, at age 31 it's almost my 5th year investing; thanks for everyone's help here. ---------------------------------- I am currently 100% U.S stocks; I was indecisive for a couple years about international but after reading more and more I feel safer having 30% of my stocks as internation...
by sighchological
Fri Sep 15, 2017 8:17 pm
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 711
Views: 65062

Re: Equifax customer information leak

Hi guys During the OPM breach, it was recommended on this forum to also freeze Clarity Service, FactorTrust, LexisNexis, and SageStream... is that necessary to do for the Equifax breach? --------------------------------------------- Did anyone actually fill out Form 14039 to the IRS to get a PIN #? ...
by sighchological
Fri Aug 25, 2017 8:05 am
Forum: Personal Finance (Not Investing)
Topic: Pension question: purchase 0.35 yrs of previous service?
Replies: 22
Views: 2655

Re: Pension question: purchase 0.35 yrs of previous service?

receiving conflicting information from NYS comptroller regarding pre and post tax; looking for further clarification...
by sighchological
Thu Aug 24, 2017 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Pension question: purchase 0.35 yrs of previous service?
Replies: 22
Views: 2655

Re: Pension question: purchase 0.35 yrs of previous service?

thanks guys. When you say it's better to pay tax deferred, would you suggest to pay all of it in one shot through my 457B?
by sighchological
Tue Aug 22, 2017 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: Pension question: purchase 0.35 yrs of previous service?
Replies: 22
Views: 2655

Re: Pension question: purchase 0.35 yrs of previous service?

thanks for the advice.

I can either pay for it in by:

1) check in a lump sum
2) payroll deductions (my current pension contributions in my paycheck are before tax deductions but I need to clarify with NYS comptroller if this will be different?)
3) tax deferred funds through my 457B
by sighchological
Tue Aug 22, 2017 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: Pension question: purchase 0.35 yrs of previous service?
Replies: 22
Views: 2655

Re: Pension question: purchase 0.35 yrs of previous service?

Thanks for the help everyone.

I assume it’s better to purchase the previous service tax deferred than from payroll deductions?
by sighchological
Sat Aug 19, 2017 9:32 am
Forum: Personal Finance (Not Investing)
Topic: Pension question: purchase 0.35 yrs of previous service?
Replies: 22
Views: 2655

Re: Pension question: purchase 0.35 yrs of previous service?

Thanks for the advice! ---------------------------------------------------------------------------------------- Regarding COLA: http://www.osc.state.ny.us/retire/retirees/cost_of_living_adjustment.php COLA payments, subject to pension caps and limitations, equal 50 percent of the previous year’s ann...
by sighchological
Fri Aug 18, 2017 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: Pension question: purchase 0.35 yrs of previous service?
Replies: 22
Views: 2655

Re: Pension question: purchase 0.35 yrs of previous service?

I edited the original post to clarify the formula. ------------------------------------------------------------------ The plan did not really offer the purchase; it was initiated by me. In 2009 I worked part time for civil service but did not contribute towards a mandatory pension plan. From 2012 to...
by sighchological
Thu Aug 17, 2017 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: Pension question: purchase 0.35 yrs of previous service?
Replies: 22
Views: 2655

Pension question: purchase 0.35 yrs of previous service?

Hello all, I’m current working for New York State and have 5.2 years of service towards my pension (2012-current). In 2009, I worked for civil service but did not contribute towards my pension plan, so I have the option to pay $1,846.54 to buy back 0.35 years of service. The $1,846.54 was calculated...
by sighchological
Fri Jul 07, 2017 6:57 pm
Forum: Investing - Help with Personal Investments
Topic: PHD student (bro) needs help with financial planning
Replies: 8
Views: 1891

Re: PHD student (bro) needs help with financial planning

Thank you guys for the help. Some other questions/statements: 1) Can the Sister in Law’s (SIL) transfer her IRA to my bro’s TSP even though the TSP is not a joint account? a. Is this preferable to transferring the IRA to Vanguard? 2) Can the SIL do a in service rollover from her 401K to my bro’s TSP...