Search found 2179 matches

by niceguy7376
Thu Jan 17, 2019 3:38 pm
Forum: Investing - Theory, News & General
Topic: Wrong about international bonds?
Replies: 26
Views: 2480

Re: Wrong about international bonds?

Crow Hunter wrote:
Tue Jan 15, 2019 3:21 pm
Vanguard International Bond Fund (VTIABX) +2.93%
It is VTABX (Admiral) or VTIBX (Investor)
by niceguy7376
Wed Jan 16, 2019 5:54 pm
Forum: Investing - Help with Personal Investments
Topic: Why are you NOT buying rental properties?
Replies: 190
Views: 12037

Re: Why are your NOT buying rental properties?

tomtoms wrote:
Wed Jan 16, 2019 2:28 pm
why are you not buying rental properties?
I would be interested if you can share some properties in my area of Atlanta that have numbers like what you presented.
by niceguy7376
Wed Jan 16, 2019 5:41 pm
Forum: Investing - Theory, News & General
Topic: John Bogle has died at age 89
Replies: 828
Views: 41167

Re: John Bogle, who founded Vanguard and revolutionized retirement savings, dies at 89

A great humanbeing that did a lot to common people.

There are a lucky few members of this forum that met him at the annual bogleheads forum.
by niceguy7376
Tue Jan 15, 2019 5:44 pm
Forum: Personal Consumer Issues
Topic: School staff threatened to call social worker
Replies: 54
Views: 2730

Re: School staff threatened to call social worker

The first generation immigrants will generally face this dilemma.
In our county, they Request us to un-enroll and then enroll back again after the visit. They generally will put the kid in the same class.

As others have mentioned, it is tied to the funding.
by niceguy7376
Tue Jan 15, 2019 10:06 am
Forum: Investing - Theory, News & General
Topic: Rumor mill - Fidelity starting individual HSA's Nov. 15th
Replies: 860
Views: 65122

Re: Rumor mill - Fidelity starting individual HSA's Nov. 15th

I'm in a weird situation and unsure how to proceed. Advice gladly accepted :) 5) Received a letter in the mail today (14 Jan) from HSA Bank that I have a negative account balance and they'll liquidate my investments if I don't transfer in $2.94 to cover the negative balance. 6) When I log in to HSA...
by niceguy7376
Tue Jan 15, 2019 10:02 am
Forum: Personal Finance (Not Investing)
Topic: Calculating w-2 from last paystub
Replies: 7
Views: 713

Re: Calculating w-2 from last paystub

Wouldnt the YTD values of gross pay and tax deductions give you most of the W2 values?

Submitting numbers to an online sheet (i dont see a need to enter your name/address/SSN for it) wouldnt expose any personal info.
by niceguy7376
Mon Jan 14, 2019 1:47 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio HELP - time to stop the bleeding from AUM fee
Replies: 34
Views: 2368

Re: Portfolio HELP - time to stop the bleeding from AUM fee

Obviously, people have different opinions. Here's a suggestion that supports my opinion that this may be more trouble for you than it is worth. In this case where they can contribute 500K to 1M every year, i totally agree on the risk of added complexity compared to the amount invested. OP can spend...
by niceguy7376
Mon Jan 14, 2019 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: SEP IRA vs Solo 401k - What am I not getting?
Replies: 28
Views: 1029

Re: SEP IRA vs Solo 401k - What am I not getting?

Let me try a scenario:

If two friends started a successful business and need a low cost retirement plan, SEP IRA is a good option.
Solo 401k is ruled out and SEP needs to have same % applied to both.
by niceguy7376
Sat Jan 12, 2019 3:11 pm
Forum: Investing - Help with Personal Investments
Topic: New member - close to retirement, and looking to simplify
Replies: 9
Views: 877

Re: New member - close to retirement, and looking to simplify

Welcome to the forum. I will kickoff some inputs. Your 50% each to bonds and stocks is well within generally recommended 40/60 to 60/40. Where you can make it a lot simple is to go with less number of funds in your accounts. Looks like you have enough # of funds that match your age(kidding). Go with...
by niceguy7376
Wed Jan 09, 2019 7:58 am
Forum: Investing - Help with Personal Investments
Topic: How Much to Invest in 401K vs IRA
Replies: 18
Views: 1054

Re: How Much to Invest in 401K vs IRA

There is no HSA match. Our plan has a deductible of 3K. Employer contributes 1.5K per year. So you max HSA, get employer match in both 401ks and then do a 12K contribution to the IRAs? First time hearing about employer contributing towards the deductible. How do they do that? you need to show EOB s...
by niceguy7376
Tue Jan 08, 2019 8:17 pm
Forum: Investing - Help with Personal Investments
Topic: How Much to Invest in 401K vs IRA
Replies: 18
Views: 1054

Re: How Much to Invest in 401K vs IRA

Welcome to the forum. For this year, you will have your full income and your wife half income that would total around 66+32 = 98K. For a MFJ, i would have done the following in the order to the amount you can contribute and save: 1. HSA Match 2. 401k contribution till employer match in trad 401k 3. ...
by niceguy7376
Tue Jan 08, 2019 2:46 pm
Forum: Investing - Help with Personal Investments
Topic: 8 year old investing help
Replies: 36
Views: 2773

Re: 8 year old investing help

We opened Bofa accounts on kids name (ATM card on their name) with me as secondary (can see their accounts in my login) and deposited the money. Once the amount reached $200 (periodic gift card deposits), they started earning a penny as interest. Bofa "Museums on us" allows them free access (as they...
by niceguy7376
Tue Jan 08, 2019 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: General question regarding renting from landlord who uses agent
Replies: 3
Views: 250

Re: General question regarding renting from landlord who uses agent

Depends on the agreement between the landlord and the agent. If landlord only asks agent to find tenants, then agent gets one month rent after everything in lease is signed and confirmed. If landlord wants the agent to be property manager, then agent handles everything from rent to issues with the t...
by niceguy7376
Tue Jan 08, 2019 8:57 am
Forum: Investing - Help with Personal Investments
Topic: SEP IRA to i401k to open up backdoor ROTH
Replies: 11
Views: 316

Re: SEP IRA to i401k to open up backdoor ROTH

You mention i401k but talk about business partner. Is your business partner your spouse as well? If so it can be a i401k. If not, it is essentially a 401k and you need to approach the providers like fido or vg with the same understanding.
by niceguy7376
Mon Jan 07, 2019 8:53 pm
Forum: Investing - Help with Personal Investments
Topic: SEP IRA to i401k to open up backdoor ROTH
Replies: 11
Views: 316

Re: SEP IRA to i401k to open up backdoor ROTH

Your S Corp brings in lot more than 500K . You and your partner (not your spouse) take 65K as W2 and nearly 400K as K1 - Is it right?

If you get 401k, then you need to take salary to contribute to 401k. You cannot make 401k contributions based on K1.
by niceguy7376
Thu Jan 03, 2019 2:03 pm
Forum: Personal Finance (Not Investing)
Topic: IRA Tax Deduction with Solo 401k
Replies: 5
Views: 244

Re: IRA Tax Deduction with Solo 401k

Having a solo 401k means having a retirement plan at work.
What was your total income generated? I assume you are a sole prop and not a S Corp.
by niceguy7376
Wed Jan 02, 2019 3:36 pm
Forum: Personal Consumer Issues
Topic: Which iPhone: 8 or XR?
Replies: 45
Views: 3124

Re: Which iPhone: 8 or XR?

we upgraded my spouse phone from 4S to XR after her research between the 8/X models a few days back. Hope to extract the same # of years on this as we got out of 4s.
The expressions of apple store rep on seeing spouse 4s was priceless.
by niceguy7376
Wed Jan 02, 2019 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: Tithing by Proxy (Legal Tax Avoidance?)
Replies: 32
Views: 1611

Re: Tithing by Proxy (Legal Tax Avoidance?)

Too complex process (not touching legality) to save $600( you are estimating 20% tax savings?) to your parents.
by niceguy7376
Tue Jan 01, 2019 10:49 pm
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 338
Views: 23550

Re: Talk me out of buying a Tesla Model 3

You still have to obey the same speed limits as I do in a $28,000 SUV. I will admit that you can get to the speed limit faster than me, but we are both arriving at point B at the exact same time. In that case, wouldnt me in a 1500 value car be also reaching the next signal light at same time as you...
by niceguy7376
Tue Jan 01, 2019 12:12 pm
Forum: Investing - Help with Personal Investments
Topic: Optimize Use Of 401K and SE 401K: 1H 2019 W2 / 2H 2019 1099
Replies: 8
Views: 333

Re: Optimize Use Of 401K and SE 401K: 1H 2019 W2 / 2H 2019 1099

ef11 wrote:
Sun Dec 30, 2018 11:04 am
W2 Income - 1H 2019 = $55,000
W2 Income in 401K: 6% into Traditional 401K = $3,300 4% employer match = $2,200 34% After-Tax for Mega Backdoor = $18,700
Can you contribute to mega backdoor before you reach regular contributions? I have no clue but curious
by niceguy7376
Sun Dec 23, 2018 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: Struggling to accurately calculate if taking cash advance was worth it
Replies: 28
Views: 1833

Re: Struggling to accurately calculate if taking cash advance was worth it

50K a month income and trying to save 100 bucks with this transaction?
What an extreme effort for your valuable time.
by niceguy7376
Tue Dec 18, 2018 12:32 pm
Forum: Personal Consumer Issues
Topic: Confused by cruise gratuities
Replies: 51
Views: 4052

Re: Confused by cruise gratuities

Been on carnival 5+ years back and Norwegian (NCL) 3 months back. On NCL, they had a fixed amt per person per day as gratuity. The deal we got was that it was included in the price for 2 of us and we paid for the other 2 through the credit card on the last day of cruise. Most of cruise ships are not...
by niceguy7376
Mon Dec 17, 2018 9:03 pm
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance Questions
Replies: 8
Views: 584

Re: Term Life Insurance Questions

Another website is term4sale.com
by niceguy7376
Mon Dec 17, 2018 9:01 pm
Forum: Personal Finance (Not Investing)
Topic: Employer transfer of SEP
Replies: 7
Views: 386

Re: Employer transfer of SEP

I have a SEP plan with Schwab effective 1/1/17. Plan is under my business, which is a husband and wife LLC filing as an s-corp. I started an i401k last year so I will not be contributing to the SEP going forward. My question is...Do I have to dissolve the SEP plan with Schwab before I can move our ...
by niceguy7376
Mon Dec 17, 2018 8:43 pm
Forum: Personal Finance (Not Investing)
Topic: Can I retire
Replies: 126
Views: 10120

Re: Can I retire

For those that are still reading this post:
OP has a pension from UK and that means they started working career in UK and then moved to US. So they definitely would NOT have 35 years of US earnings by now.
by niceguy7376
Sun Dec 16, 2018 11:11 am
Forum: Personal Consumer Issues
Topic: Should I buy a Tesla?
Replies: 123
Views: 6049

Re: Should I buy a Tesla?

Does it make sense that Tesla wants to sell you their car at retail but pay wholesale for your car? It never makes sense to sell your car to the dealer where you are getting your new car. You are also getting confused between "no haggle price" and "over priced". No haggle is easy because you know w...
by niceguy7376
Thu Dec 13, 2018 3:17 pm
Forum: Investing - Help with Personal Investments
Topic: Can/Should I move Solo 401k into Backdoor Roth?
Replies: 24
Views: 889

Re: Can/Should I move Solo 401k into Backdoor Roth?

OP might be confused between Backdoor Roth and Mega Backdoor Roth (possible only by employer sponsored plans with that option)
by niceguy7376
Thu Dec 13, 2018 3:13 pm
Forum: Personal Consumer Issues
Topic: Should I buy a Tesla?
Replies: 123
Views: 6049

Re: Should I buy a Tesla?

pennylane wrote:
Thu Dec 13, 2018 10:08 am
I've been fortunate enough to have earned 6 figures right out of college and earning money through entrepreneurial activities during college.
Investment portfolio is in the 6 figures. projected to hit 7 figures in 3-5 years.
From my perspective, those two lines are good enough to buy a $40K car.
by niceguy7376
Wed Dec 12, 2018 3:28 pm
Forum: Investing - Help with Personal Investments
Topic: Why I use Roth for bond instead of stock. Please correct me...
Replies: 54
Views: 4442

Re: Why I use Roth for bond instead of stock. Please correct me...

OP,
You talked about Roth and taxable. Do you have any traditional 401k type accounts? What do they have?
by niceguy7376
Tue Dec 11, 2018 8:07 pm
Forum: Investing - Help with Personal Investments
Topic: Exceeded the Social Security Income Limit
Replies: 9
Views: 1492

Re: Exceeded the Social Security Income Limit

Independent contractor means she is the employer herself and she could have had Solo 401k plans.
What is the concern with exceeding SS Income limit? Are you talking about 128400 for 2018 income where SS is not deducted for any amount above that?
by niceguy7376
Tue Dec 11, 2018 7:43 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Ultimate Rewards Points Questions
Replies: 20
Views: 2513

Re: Chase Ultimate Rewards Points Questions

A timely question of mine:
I have a chase freedom (no yearly fee) with 15K UR points and a chase sapphire preferred(first yearly fee in Jan) with 66K UR points.

If i dont want to pay yearly fee on sapphire, can i move the 66K to 15K account?
by niceguy7376
Tue Dec 11, 2018 8:22 am
Forum: Personal Finance (Not Investing)
Topic: SIMPLE IRA providers for small nonprofit?
Replies: 18
Views: 1021

Re: SIMPLE IRA providers for small nonprofit?

Interesting, Fidelity's page specifically about SIMPLE IRAs says "Only certain fund families have mutual funds that are eligible investments for SIMPLE IRAs with no minimum initial investment requirement." The link for Fidelity's eligible investments has few index funds. https://fundresearch.fideli...
by niceguy7376
Mon Dec 10, 2018 9:25 pm
Forum: Personal Finance (Not Investing)
Topic: SIMPLE IRA providers for small nonprofit?
Replies: 18
Views: 1021

Re: SIMPLE IRA providers for small nonprofit?

Anyone with experience setting up a SIMPLE IRA thru Fidelity, Schwab, or Vanguard? Anywhere else I should consider? We have a SIMPLE IRA at Fidelity for last 10+ years for a small company that had at times 10 employees but a max of 5 enrolled in the plan. There are currently no fees charged by Fido...
by niceguy7376
Thu Dec 06, 2018 3:50 pm
Forum: Personal Consumer Issues
Topic: Best values at Costco? Honestly, a little disappointed...
Replies: 188
Views: 20999

Re: Best values at Costco? Honestly, a little disappointed...

The new costco in North Atlanta suburb has the facility to refill propane tanks. Right now, it costs $9 odd (the highest in the last few years I have seen and I filled many at $7 range) to refill the tank and a new tank costs $20 (it has a dial to show how much is still left). Before this, we bought...
by niceguy7376
Wed Dec 05, 2018 12:17 pm
Forum: Investing - Help with Personal Investments
Topic: Young professionals in CA - $80K Roth conversion?
Replies: 25
Views: 1568

Re: Young professionals in CA - $80K Roth conversion?

Curious as to how 67K is being contributed for spouse 401k.

Self employed?
by niceguy7376
Wed Dec 05, 2018 10:19 am
Forum: Personal Finance (Not Investing)
Topic: County not accepting 2018 property taxes in 2018 - need help with ideas.
Replies: 138
Views: 6993

Re: County not accepting 2018 property taxes in 2018 - need help with ideas.

If you were able to take deduction this year instead of next year somehow (post it and take deduction etc), you still need to do the same type of process every year. If you can wait and follow the recommendations of your government, you only will skip this year and will have clean deductions every o...
by niceguy7376
Tue Dec 04, 2018 8:55 am
Forum: Investing - Help with Personal Investments
Topic: Will we make it saving only in employer plans?
Replies: 58
Views: 4232

Re: Will we make it saving only in employer plans?

OP, yo have been a member here for more than 5 years. There are so many members here that earn half or less than half of what you earn. Since you didnt provide numbers, we have no clue as to where your income is going or what can be done to improve your savings and confidence in your ability to feel...
by niceguy7376
Sat Dec 01, 2018 6:04 pm
Forum: Personal Finance (Not Investing)
Topic: Renting out 1st first home; how to get mortgage for second?
Replies: 40
Views: 3424

Re: Renting out 1st first home; how to get mortgage for second?

Are you planning on buying before you rent out? Or are you moving to NC, rent CA home and then start looking in NC to buy a home. Normally, lenders ask for rental agreement to even consider the rent that you receive. Considering your income, what would be your debt to income ratio if you consider bo...
by niceguy7376
Sat Dec 01, 2018 11:05 am
Forum: Personal Finance (Not Investing)
Topic: Small business health insurance funding
Replies: 10
Views: 788

Re: Small business health insurance funding

will you have family coverage under your name or does both of you take individual policies? if there are kids, will they be covered under one of you? There is also another rule that says any owners (greater than 2% share) insurance is treated differently (i am not clear on terminology) than pure emp...
by niceguy7376
Sat Dec 01, 2018 10:55 am
Forum: Personal Finance (Not Investing)
Topic: Small Business Owner 401k Failed Top Heavy
Replies: 12
Views: 1353

Re: Small Business Owner 401k Failed Top Heavy

In long term, a same % match to all contributors/participants would be the easiest way. Is that an option or you need to match to those that are not participating also? As for 401ks of employees that left company - is there a way to get them to rollover their money into IRAs? I remember something ab...
by niceguy7376
Fri Nov 30, 2018 7:01 am
Forum: Personal Finance (Not Investing)
Topic: Significant Change in Salary - What to Change
Replies: 24
Views: 3401

Re: Significant Change in Salary - What to Change

Do you have a HSA eigible health insurance at the new employer?
by niceguy7376
Thu Nov 29, 2018 11:07 am
Forum: Investing - Help with Personal Investments
Topic: backdoor roth and new limitation?
Replies: 15
Views: 1258

Re: backdoor roth and new limitation?

Back Door Roth - put in non deductible Trad IRA and immediately convert to Roth IRA Mega Back Door Roth - usually used in context of 401k plans where you have the ability to contribute more than the employee share and then move that extra into roth ira there might be some confusion in the usage of t...
by niceguy7376
Tue Nov 27, 2018 11:44 am
Forum: Investing - Help with Personal Investments
Topic: 401k/taxable dilemma
Replies: 27
Views: 2260

Re: 401k/taxable dilemma

A few things. My CPA has me set up as an S corp. I pay myself very little for tax purposes ($36k per year via W2 from my business). The vast majority of my income comes from my monthly distributions from the business at the end of the month where I take the profit left over from the business. I jus...
by niceguy7376
Mon Nov 26, 2018 8:45 pm
Forum: Investing - Help with Personal Investments
Topic: 401k/taxable dilemma
Replies: 27
Views: 2260

Re: 401k/taxable dilemma

To get better calculations, need more info 1. is your business structured as S Corp or Sole Prop? 2. What is the revenue generated in this model before your current salary 3. What is the salary that you were taking right now? Hi all. I’m self employed, 35 y/o, married filing jointly and my wife is ...
by niceguy7376
Mon Nov 26, 2018 7:22 pm
Forum: Investing - Help with Personal Investments
Topic: 401k/taxable dilemma
Replies: 27
Views: 2260

Re: 401k/taxable dilemma

To get better calculations, need more info

1. is your business structured as S Corp or Sole Prop?
2. What is the revenue generated in this model before your current salary
3. What is the salary that you were taking right now?
by niceguy7376
Mon Nov 19, 2018 2:38 pm
Forum: Investing - Help with Personal Investments
Topic: Fresh graduate seeking guidance
Replies: 8
Views: 746

Re: Fresh graduate seeking guidance

Wow. I did not expect this thorough of a response. Thank you very much! I decided to take your fund advice and set my contribution rate to max % - I won't reach 18.5k by April 2019 but I'll be close. 401k limits are based on calendar year. So come january, your 401k contribution resets. Thanks for ...
by niceguy7376
Fri Nov 16, 2018 10:18 am
Forum: Investing - Theory, News & General
Topic: Rumor mill - Fidelity starting individual HSA's Nov. 15th
Replies: 860
Views: 65122

Re: Rumor mill - Fidelity starting individual HSA's Nov. 15th

I read through all the posts but I havent noticed anyone posting scenario that I have. We had family HSA for the last 5 years and I opened HSABank account at that time. We had insurance on our own and Humana recommended them. Since I didnt keep whatever required cash at HSABank and invested it in TD...
by niceguy7376
Wed Nov 14, 2018 11:57 am
Forum: Personal Finance (Not Investing)
Topic: HSA question
Replies: 6
Views: 782

Re: HSA question

I usually got a list from the pharmacy at the end of the year, filed it for documentation, and just made a transfer from my HSA to my bank account. I havent asked this at our pharmacies till now. This makes it a lot easy to keep track of documents (for all 4 family members) for HSA reimbursement. N...
by niceguy7376
Wed Nov 14, 2018 11:52 am
Forum: Personal Finance (Not Investing)
Topic: 401(k) (like) options during garden leave (non-competition period)
Replies: 7
Views: 624

Re: 401(k) (like) options during garden leave (non-competition period)

OP,
Would that salary be considered Income so that you can contribute to a IRA?
by niceguy7376
Wed Nov 14, 2018 11:45 am
Forum: Investing - Help with Personal Investments
Topic: Contribute to Roth IRA now or tIRA later (to save tax)?
Replies: 20
Views: 1322

Re: Contribute to Roth IRA now or tIRA later (to save tax)?

You 2 have 401ks You are contributing the max (37K) You might be in phase out for trad IRA - means your MAGI is 101k to 121K. I would definitely put it into Roth IRA (eligible upto 189K) so that i have two buckets of accounts for retirement. Also, roth can be used as EF after 5 years of opening. In ...