Search found 1708 matches

by Katietsu
Thu Jan 17, 2019 11:59 pm
Forum: Investing - Help with Personal Investments
Topic: IRA and 401K Transfer Question
Replies: 2
Views: 178

Re: IRA and 401K Transfer Question

Yes. Though, there may be asset protection reasons not to combine the accounts.
by Katietsu
Thu Jan 17, 2019 3:53 pm
Forum: Personal Consumer Issues
Topic: Is My Iphone Now a Brick?
Replies: 20
Views: 2344

Re: Is My Iphone Now a Brick?

There is something in place. You started the process. Wait for them to respond. Do you have access to the email account that was used for the Apple ID? In this situation, in my experience, they will respond to that email address. If that does not resolve the situation, call apple support or go to a...
by Katietsu
Thu Jan 17, 2019 3:47 pm
Forum: Personal Consumer Issues
Topic: Any admission pointers from pre- med/ med students?
Replies: 34
Views: 1988

Re: Any admission pointers from pre- med/ med students?

I understand the comments about how generically volunteering at a hospital does not carry much weight. However, at least some schools are concerned that the applicant knows what they are getting into. You can be docked therefore if you have not volunteered, worked or shadowed in a medical setting.
by Katietsu
Thu Jan 17, 2019 3:31 pm
Forum: Personal Consumer Issues
Topic: Is My Iphone Now a Brick?
Replies: 20
Views: 2344

Re: Is My Iphone Now a Brick?

There is something in place. You started the process. Wait for them to respond. Do you have access to the email account that was used for the Apple ID? In this situation, in my experience, they will respond to that email address. If that does not resolve the situation, call apple support or go to an...
by Katietsu
Thu Jan 17, 2019 2:01 pm
Forum: Personal Consumer Issues
Topic: Quality/speed of Xfinity Mobile hotspots
Replies: 6
Views: 515

Re: Quality/speed of Xfinity Mobile hotspots

How useful the hotspots are to you is going to be very dependent on the specific location you are trying to use your phone. In my area, Xfinity has a monopoly. I agree that using a hotspot from the street in a residential neighborhood is probably going to be inadequate. But, it is very useful to me ...
by Katietsu
Thu Jan 17, 2019 1:45 pm
Forum: Personal Consumer Issues
Topic: Audio book options
Replies: 28
Views: 1004

Re: Audio book options

Watch for Audible sales to pick up specific books that your library does not carry. I have signed up a couple of times when offered the service for $5-$7 per month for the first 3 months. I think there has been one associated with prime day in the past.
by Katietsu
Thu Jan 17, 2019 11:19 am
Forum: Personal Finance (Not Investing)
Topic: Accountant or do it myself?
Replies: 8
Views: 1100

Re: Accountant or do it myself?

It sounds like you are not happy with your current accountant and should be asking local businesses owners for recommendations. I would not think it was a good idea to jump into that list with no previous experience. Maybe start by doing your own tax return and handling the nanny while continuing to...
by Katietsu
Wed Jan 16, 2019 6:03 am
Forum: Investing - Help with Personal Investments
Topic: Med student asking for portfolio help!
Replies: 11
Views: 1089

Re: Med student asking for portfolio help!

I am confused by the 401k discussions. Is this a current employer? You stated that you were a third year med student. In my world that is at least a 90 hour a week commitment with no pay. I ask, because if this is a 401k from a previous employer then you may get different suggestions.
by Katietsu
Tue Jan 15, 2019 9:38 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 558
Views: 58699

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

Since my wife and I only have the no-penalty CD's and no other accounts, does that mean we have to keep the CD's open another month to receive the bonus dollars? If I withdraw the money tomorrow, where would they send the bonus? You must have an open account to receive the bonus. You could open a o...
by Katietsu
Tue Jan 15, 2019 12:03 am
Forum: Investing - Help with Personal Investments
Topic: Need Help - Taxable account a mess!
Replies: 31
Views: 3165

Re: Need Help - Taxable account a mess!

Does she have a job with W-2 wages? If so, is there a work retirement plan available? How much of her income is from rental property?

Target date funds usually aren’t the first choice for a taxable account.
by Katietsu
Mon Jan 14, 2019 9:39 pm
Forum: Investing - Help with Personal Investments
Topic: Rollover tIRA to Roth conversion with contributions
Replies: 5
Views: 258

Re: Rollover tIRA to Roth conversion with contributions

The conversion is taxed pro-rata between pre-tax and after-tax money, so there really isn't any benefit from doing a partial conversion. If 13.5/30 (45.%) is pre-tax money (i.e. 401k contributions and earnings) then 45 cents of every dollar you convert was going to get taxed either way. I am also t...
by Katietsu
Sun Jan 13, 2019 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Money Market Account - tell me about your experience
Replies: 15
Views: 1323

Re: Ally Money Market Account - tell me about your experience

Just make sure that the limited number of transactions per month will do fit your needs. This is true for all bank money markets. Regardless of whether you choose this account or not, there is certainly no reason to pay a monthly fee for a checking account. The alternative would be a local credit un...
by Katietsu
Sat Jan 12, 2019 8:22 pm
Forum: Investing - Help with Personal Investments
Topic: Rollover - why checks instead of wiring funds?
Replies: 39
Views: 2012

Re: Rollover - why checks instead of wiring funds?

As for "delays" when checks are used, such as from 403b to an IRA, sometime approximately 10-15 years ago, TIAA-CREF (then the name) took weeks and weeks, and then more weeks to move a significant sum of cash. VERY annoying. TIAA is terrible, even today. I transferred my 403B to an IRA at TIAA, thi...
by Katietsu
Sat Jan 12, 2019 7:23 pm
Forum: Personal Finance (Not Investing)
Topic: 2017 State Tax Refunds Federally Taxable in 2018!!!
Replies: 16
Views: 2125

Re: 2017 State Tax Refunds Federally Taxable in 2018!!!

My experience with various tax software is that they assume the refund is entirely taxable UNLESS you indicate that some of it is not. Then they take you to a new worksheet or set of questions to determine how much is taxable. The best analogy I can think of is that the software assumes that all of ...
by Katietsu
Sat Jan 12, 2019 4:32 pm
Forum: Personal Consumer Issues
Topic: Readers with Astigmatism
Replies: 11
Views: 981

Re: Readers with Astigmatism

If I understand you correctly...you should try to stop the order. The +1.25 is added to what is needed for the distance vision. So a -4.5 sphere + 1.25 is -3.25. Can get a little trickier when you consider cylinder because there are a couple of ways to write it. I am going to post this without a mor...
by Katietsu
Sat Jan 12, 2019 12:57 pm
Forum: Investing - Help with Personal Investments
Topic: E-Trade or Charles Schwab
Replies: 14
Views: 660

Re: E-Trade or Charles Schwab

I suspect both are fine and only the details differ. I have not used Schwab. I have used E*TRADE, TD Ameritrade and Fidelity. I do most investing/banking on my phone. I like E trade’s mobile app a lot. With $500,000, you should be assigned to “an elite team” that should be able to help if you have a...
by Katietsu
Fri Jan 11, 2019 7:10 pm
Forum: Investing - Help with Personal Investments
Topic: Clueless About Personal Finance At Age 30: Grew Up Poor, Now Make $400K+. Have No Clue What To Do With Money.
Replies: 29
Views: 5493

Re: Clueless About Personal Finance At Age 30: Grew Up Poor, Now Make $400K+. Have No Clue What To Do With Money.

runner540 wrote:
Fri Jan 11, 2019 7:05 pm
Welcome! I noticed your username looks like a firstlast. You May be more comfortable using something else for anonymity.
I assume it is a reference to a TV character.

But thoughtful comment as my husband has used his real name in what was supposed to be an anonymous forum
by Katietsu
Thu Jan 10, 2019 8:35 pm
Forum: Personal Finance (Not Investing)
Topic: Purchased rentals, spent savings and now I am worried about debt
Replies: 19
Views: 2970

Re: Purchased rentals, spent savings and now I am worried about debt

Our single biggest STR expense was paying cleaners for turnover; to the tune of 2-2500 a month. Our plan is for wife to take on some of those cleanings moving forward and I can be more involved on the weekends. Should ‘save us’ close to 1k a month. Just can be a little difficult with the kiddo. A 3...
by Katietsu
Thu Jan 10, 2019 8:24 pm
Forum: Personal Consumer Issues
Topic: Anyone raised 3 kids WITHOUT buying a 3-row vehicle?
Replies: 82
Views: 5509

Re: Anyone raised 3 kids WITHOUT buying a 3-row vehicle?

Yes, you can afford it. Get the Pacifica if your wife wants it. But, there is a whole lot of options to consider between Pacifica and Prius.
by Katietsu
Thu Jan 10, 2019 12:40 pm
Forum: Investing - Help with Personal Investments
Topic: Advice welcome-VERY unusual circumstance: lien, NOL
Replies: 29
Views: 2863

Re: Advice welcome-VERY unusual circumstance: lien, NOL

There are behavioral aspects to finance that are very different from person to person. I am glad you are making progress. I do wonder though if you would not be better off taking a Dave Ramsey approach. In other words, get rid of the debt as soon as possible. This is especially true since your debto...
by Katietsu
Thu Jan 10, 2019 1:40 am
Forum: Investing - Help with Personal Investments
Topic: Changing mistaken Roth-IRA contribution to SEP-IRA?
Replies: 25
Views: 1047

Re: Changing mistaken Roth-IRA contribution to SEP-IRA?

I would slow down a bit. You are trying to absorb too much at once. For now, request a return of your 2018 Roth IRA contribution with associated earnings/losses. Then make your SEP IRA contribution.
by Katietsu
Wed Jan 09, 2019 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: Genworth premium increase
Replies: 23
Views: 1906

Re: Genworth premium increase

Just looking at ball park numbers, it seems like they have done a good job at matching premium increases with the likely payouts using average age of nursing home entry and average stays. So, are you average?
by Katietsu
Wed Jan 09, 2019 7:42 pm
Forum: Personal Finance (Not Investing)
Topic: Is buying a $700K first home crazy?
Replies: 70
Views: 7269

Re: Is buying a $700K first home crazy?

The new home might be cheap in the long run.... I know I would be divorced after too many years sharing 650 sq ft.😀

And yes, you can afford it.
by Katietsu
Wed Jan 09, 2019 7:30 pm
Forum: Personal Finance (Not Investing)
Topic: Genworth premium increase
Replies: 23
Views: 1906

Re: Genworth premium increase

Does the cheaper option permanently give up the right to future inflation increases?
by Katietsu
Wed Jan 09, 2019 5:01 pm
Forum: Investing - Help with Personal Investments
Topic: Transferring IRA funds as result of divorce
Replies: 6
Views: 524

Re: Transferring IRA funds as result of divorce

Yes, she should open an IRA. Personally, I would open it at the same institution that currently holds her ex-husband’s IRA. It is my understanding that IRA’s are split with a divorce decree not a QDRO. (The QDRO is used for workplace retirement plans.) If done correctly, there should be no current t...
by Katietsu
Wed Jan 09, 2019 11:29 am
Forum: Personal Finance (Not Investing)
Topic: 401K "Control Group", unable to rollover from previous employers 401K
Replies: 21
Views: 1039

Re: 401K "Control Group", unable to rollover from previous employers 401K

I am glad you found a way to proceed. I will just say that I have done a few of the employer plan rollovers and they have never been quick or problem free. I plan on two months to get it done and expect at least one hitch at this point. In a day in age where we are used to moving money and investmen...
by Katietsu
Mon Jan 07, 2019 10:33 pm
Forum: Investing - Help with Personal Investments
Topic: Fixed Income-CDs, Brokered CDs, T-bonds & bills
Replies: 11
Views: 1184

Re: Fixed Income-CDs, Brokered CDs, T-bonds & bills

I think you should come up with a simple easy to maintain plan. As you said, at this point, you don’t want to be chasing a few bps and complicating your life. I have done that recently and am trying to clean up the mess now. How much will you be spending from this on a monthly or annual basis? I hav...
by Katietsu
Mon Jan 07, 2019 12:20 pm
Forum: Investing - Help with Personal Investments
Topic: Fiancée Thinks I'm Putting Too Much Towards Retirement/ Not Enough Towards Short-Term Goals
Replies: 136
Views: 10528

Re: Fiance Thinks I'm Putting Too Much Towards Retirement/ Not Enough Towards Short-Term Goals

Maybe I will need asbestos pants too. OP, I think you are incorrect in your application of some of the concepts promoted in retirement planning literature. The importance of compounding and the triple tax free advantages of an HSA are not justifications for paying PMI. I applaud your concern about r...
by Katietsu
Mon Jan 07, 2019 1:17 am
Forum: Personal Finance (Not Investing)
Topic: Doing personal income taxes by hand, and TaxAct question
Replies: 9
Views: 1183

Re: Doing personal income taxes by hand, and TaxAct question

So, I have not thought this through so I might be missing something. You need two things to happen because of the inherited IRA. One is an 8606 to be completed, I assume because only part of the distribution is taxable. The other thing is that you need to report the gross distribution and the taxabl...
by Katietsu
Mon Jan 07, 2019 12:11 am
Forum: Personal Finance (Not Investing)
Topic: Umbrella Policy: Right amount for $7 mil net worth?
Replies: 103
Views: 15502

Re: Umbrella Policy: Right amount for $7 mil net worth?

I was under the impression that most states(mine does) have laws that protect retirement accts and erisa pensions, along with homes and vehicles. Unless you have substantial tax paid accts and/or luxury toys, why should you be concerned about umbrella policies? Is this a case of being over-insured?...
by Katietsu
Sun Jan 06, 2019 11:03 pm
Forum: Personal Finance (Not Investing)
Topic: $40,000 in debt, bankruptcy seems to be the best option right now
Replies: 258
Views: 20246

Re: $40,000 in debt, bankruptcy seems to be the best option right now

Use the HCOL to your advantage. On this front, I second the ideas of looking into earning money by taking in a child or two or doing AirBnB. I too would suggest listening to Dave Ramsey podcasts. His benefit in this situation might be a little bit his financial advice. But, more importantly, will be...
by Katietsu
Sat Jan 05, 2019 3:47 am
Forum: Personal Finance (Not Investing)
Topic: So someone drained $13k from my checking account...
Replies: 150
Views: 31512

Re: So someone drained $13k from my checking account...

Bill pay to individuals sends the same sort of check as your personal check with your same account number. I wish it didn't but it does. So you may as well just write a personal check. This is not true at my bank. A check issued by my bank via bill pay contains a 15 digit transaction number in the ...
by Katietsu
Fri Jan 04, 2019 11:02 am
Forum: Personal Finance (Not Investing)
Topic: Fund Transfer Missing
Replies: 6
Views: 524

Re: Fund Transfer Missing

I think there is a good chance this will all be clear with a little time. I would check today. If the discrepancy was still there, I would wait until next Tuesday at least before raising the red flag again.

Vanguard should not accept $12000 into the same IRA account for the same year.
by Katietsu
Fri Jan 04, 2019 10:50 am
Forum: Personal Finance (Not Investing)
Topic: Wife spends too much money on housewares / decorating stuff.
Replies: 39
Views: 1542

Re: Wife spends too much money on housewares / decorating stuff.

It's all psychological at this point and outside of the bounds of this forum. Agreed. Filling an emotional void. Only way to fix would be through counseling. Agree, let's send the guys who spend thousands of dollars per years on green fees and clubs off to counseling also. Definitely filling an emo...
by Katietsu
Thu Jan 03, 2019 11:46 am
Forum: Personal Finance (Not Investing)
Topic: self employed tax question
Replies: 37
Views: 1162

Re: self employed tax question

Going forward, an individual 401k with a Backdoor Roth is probably better than a SEP IRA. Also, does your wife have a individual 401k? This is a topic to discuss with your tax advisor. Find one that can help you with these topics and not just doing your tax return retroactively. Discuss your expense...
by Katietsu
Thu Jan 03, 2019 2:05 am
Forum: Personal Finance (Not Investing)
Topic: self employed tax question
Replies: 37
Views: 1162

Re: self employed tax question

It sounds like you are going to be charged penalties for not having made estimated tax payments. I would seriously consider hiring someone to help you with this. You can then do it yourself in the future.
by Katietsu
Thu Jan 03, 2019 2:00 am
Forum: Personal Finance (Not Investing)
Topic: self employed tax question
Replies: 37
Views: 1162

Re: self employed tax question

Well, the good news is that you do not pay the 12.4% social security part of it on any earnings over $132900. Of course, there is an additional Medicare tax of 0.9% if your income is over $200,000 single or $250,000 married.
by Katietsu
Wed Jan 02, 2019 11:39 pm
Forum: Personal Consumer Issues
Topic: Prepaid cell phones
Replies: 18
Views: 1363

Re: Prepaid cell phones

How about buying an iPad instead? It could be cheaper for similar performance. I saw the 5th gen iPads below $250 before Christmas. Most iOS apps for the iPhone also work on the iPad. And maybe having a different sized device could be useful?
by Katietsu
Wed Jan 02, 2019 11:08 pm
Forum: Personal Finance (Not Investing)
Topic: Autistic sister being targeted by Nigerian scammers
Replies: 84
Views: 6606

Re: Autistic sister being targeted by Nigerian scammers: Please help

Unfortunately, I do know a woman who was recently pulled in to a similar scam months after being widowed. Based on your post, right now, I would focus on limiting your sister’s ability to get to any money or financial information besides her own. Do not forget securing actual paper copies. Come up w...
by Katietsu
Wed Jan 02, 2019 2:40 pm
Forum: Personal Consumer Issues
Topic: keeping warm in outside windy, freezing temperature and also inside office
Replies: 35
Views: 2168

Re: keeping warm in outside windy, freezing temperature and also inside office

I agree with the comments to start with options like a longer coat. However, if you do still want to try an inexpensive base layer, I have been happy with Cuddl Duds. They have a wide range of products now. But they started with only lightweight wear meant for everyday use. The men’s line and women’...
by Katietsu
Mon Dec 31, 2018 10:26 am
Forum: Personal Finance (Not Investing)
Topic: Mistakes made with Traditional IRA to 401k rollover - do I still Roth convert today?
Replies: 1
Views: 164

Mistakes made with Traditional IRA to 401k rollover - do I still Roth convert today?

In the beginning of December, I had about a $24,000 in a traditional IRA. This consisted of about $12,000 of non-deductible contributions and about $12,000 that had never been taxed. I moved the traditional IRA to the same institution that held my traditional 401k, I thought this would make the next...
by Katietsu
Thu Dec 27, 2018 3:59 pm
Forum: Personal Consumer Issues
Topic: What common everyday inconvenience have you intentionally suffered for frugality?
Replies: 152
Views: 9299

Re: What common everyday inconvenience have you intentionally suffered for frugality?

I drove a 1996 Corolla into the ground. I bought it from my daughter in 2008 for $3K. It was overpriced but it was my daughter so I didn’t care. Eventually the gas tank sprung a leak but it was at the top so if I didn’t fill the tank all the way it wouldn’t slosh out. Then the volume knob fell off ...
by Katietsu
Mon Dec 24, 2018 11:42 pm
Forum: Personal Consumer Issues
Topic: Apple watch as Life alert
Replies: 8
Views: 987

Re: Apple watch as Life alert

My mom is 86. There's no way she could effectively use an Apple Watch (eyes, fingers). She would need something with a call button. My mom is 73 and in a similar situation. She lives alone and is interested in the apple watch for this reason. The problem is that she has a bedside table full of old ...
by Katietsu
Mon Dec 24, 2018 4:23 am
Forum: Investing - Help with Personal Investments
Topic: Transition to spouse retirement - plans and to do list
Replies: 14
Views: 1252

Re: Transition to spouse retirement - plans and to do list

I understand your plan to open a Roth now. I think it makes sense to have that available to draw from without affecting ACA subsidies and without the hassle of the paperwork for a Roth that had not met the 5 year rule.
by Katietsu
Sat Dec 22, 2018 7:26 pm
Forum: Investing - Help with Personal Investments
Topic: Finally asking for help..
Replies: 18
Views: 2706

Re: Finally asking for help..

zshad808 wrote:
Fri Dec 21, 2018 12:45 pm

What please do you mean by 'simplify the inherited IRAs'?
Really appreciate your thoughts here w/the above suggestions!
I just meant that you had some individual stocks and bonds in these that you probably want to eventually eliminate.
by Katietsu
Sat Dec 22, 2018 7:18 pm
Forum: Personal Finance (Not Investing)
Topic: Employer asking me to move my brokerage account
Replies: 30
Views: 3408

Re: Employer asking me to move my brokerage account

Here read this old post: https://www.bogleheads.org/forum/viewtopic.php?t=124616 IMO, you are not being reasonable. It is the price of the new job. Quit trading on margin and buy and hold. Or incorporate your increased trading costs in your opinion of a fair salary. Or look for a new job. Of course,...
by Katietsu
Thu Dec 20, 2018 11:57 pm
Forum: Investing - Help with Personal Investments
Topic: Finally asking for help..
Replies: 18
Views: 2706

Re: Finally asking for help..

This is the basic plan I would use. I have not figured out exact numbers but I think this will work: - Consider a 2030 or 2040 fund in current 401k. Gets more bonds into the tax deferred account while still having the ease of a target date fund. You will probably want this to go to all fixed income ...
by Katietsu
Thu Dec 20, 2018 11:23 pm
Forum: Personal Finance (Not Investing)
Topic: Buying vs renting - can I afford either?
Replies: 30
Views: 2260

Re: Buying vs renting - can I afford either?

Have you looked into subsidized senior housing? You indicated a willingness to move to a different town or state. I know in some towns this subsidized housing is some of the nicest in town. In other locations, it is horrible. But since you have geographic flexibility, you can find a nice one. In the...
by Katietsu
Thu Dec 20, 2018 6:19 pm
Forum: Personal Consumer Issues
Topic: Email Accounts - How Many / Security / Best Practices
Replies: 46
Views: 3469

Re: Email Accounts - How Many / Security / Best Practices

I think setting up a separate email for financial accounts would be a good idea. I think about this every time I use email to get a two factor authentication code. The downside is that you would really need to keep on top of it in case the bank notified there with an alert. So as long as you would d...
by Katietsu
Thu Dec 20, 2018 2:38 pm
Forum: Personal Finance (Not Investing)
Topic: Considering living with Mother in law (MIL)
Replies: 34
Views: 3596

Re: Considering living with Mother in law (MIL)

Is your wife the only child? Where do you live now? As a family first person, I would not be moving to Texas for a job at this time unless I had no other option. You said you are very close to FI and retirement, are leaving your current location anyway, and don’t mind living in MD. So, I would be mo...