Search found 82 matches

by tmm999
Sat Jul 04, 2015 9:37 am
Forum: Non-US Investing
Topic: US brokerage firm with Canadian Address for after-tax accounts
Replies: 2
Views: 2065

US brokerage firm with Canadian Address for after-tax accounts

I live in the US, and I am currently with Vanguard for after-tax funds/stocks. I am in the process of moving to Canada and Vanguard told me they would freeze my account (no trades/rebalance, etc) once I move to Canada. What brokerage firms would let me transact my after-tax money with a Canadian add...
by tmm999
Mon Apr 12, 2010 11:33 am
Forum: Personal Investments
Topic: Question on 401K roll over and Roth IRA conversion
Replies: 5
Views: 1298

I would like to thank everyone who posted to this thread.

It's great to know I don't have to worry about any complications!

I will do the 401K rollover (pre-tax money) and then do the Roth IRA conversion.
by tmm999
Sun Apr 11, 2010 1:02 pm
Forum: Personal Investments
Topic: Question on 401K roll over and Roth IRA conversion
Replies: 5
Views: 1298

Question on 401K roll over and Roth IRA conversion

I have a deductible IRA (rolled over from my previous employer's 401K) and a non-deductible IRA. This year, I am in the process of rolling in the deductible IRA to my current employer's 401K (which my current 401K said is OK to do.) After the rollover, I only have a non-deductible IRA left. At that ...
by tmm999
Wed Feb 18, 2009 8:47 pm
Forum: Personal Finance (Not Investing)
Topic: "Inside the Meltdown": Did you watch?
Replies: 37
Views: 5566

I'm looking to 2015 before things start to seem normal again.
That is only a few years + 2.

From the show, I don't see how things can be normal again even in 2015, but I am no expert. I am seeing Japan at this point...


tmm
by tmm999
Wed Feb 18, 2009 8:12 pm
Forum: Personal Finance (Not Investing)
Topic: "Inside the Meltdown": Did you watch?
Replies: 37
Views: 5566

I enjoyed the show. I had the feeling of doom after watching it though. I also watched House of Cards on CNBC this weekend (this was a 2 hour show.) It is so surreal that this crazyness could go on for so long ... unregulated. My question is, is this meltdown fixable in a few years? The meltdown is ...
by tmm999
Wed Jan 14, 2009 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA questinon
Replies: 6
Views: 1645

Wow Bruce, thank you very much for your post.

I was not aware that the conversion amount doesn't count towards the $100,000 MAGI limit, so that is good news for me.

Also thank you very much for listing the Form 8606.

You have been a great help!
by tmm999
Tue Jan 13, 2009 1:56 am
Forum: Personal Finance (Not Investing)
Topic: Roth IRA questinon
Replies: 6
Views: 1645

Thank you Bruce. Yes, that is why I want to do it in 2009 than waiting until next year to convert. Anything could happen by then. Most of my IRA's are in the non-deductible. My deductible (rolled over from my old 401K) dwindled into almost nothing now, so that's not too bad. I guess I would have to ...
by tmm999
Mon Jan 12, 2009 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA questinon
Replies: 6
Views: 1645

Thank you. I've never had a problem with non-discrimination testing at my company, but we never know. I am crossing my fingers.
If my income was below 100K (99.99K for example), can I do the Roth IRA conversion also? (I'd rather do it then if I could than wait another year.)

tmm
by tmm999
Mon Jan 12, 2009 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA questinon
Replies: 6
Views: 1645

Roth IRA questinon

It says the income for Single Roth IRA is < $105K for 2009 (Phase-out range $105K-$120 contribution limit $5K for age 49 and 6K for age 50)

Let's say I am age 50 and my income for this year will be 122K. If I put 22K into 401K this year (122K-22K=100K), can I contribute $6K to Roth IRA?

tmm
by tmm999
Mon Jan 12, 2009 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: How do you survive on $120K annual income?
Replies: 97
Views: 25245

tmm99, I had my number wrong, it is much closer to 49.74% of gross income went to investments. jh, thank you for your post. Yeah, that looks more like it. I would still end up with less than I could live on if I saved 49.74% of my gross income, but the number looks more do-able. And it is great you...
by tmm999
Fri Jan 09, 2009 6:06 pm
Forum: Personal Finance (Not Investing)
Topic: How do you survive on $120K annual income?
Replies: 97
Views: 25245

lifesoft, I hear you. so when jh said gross income, he meant the number including all the pre-tax retirement contributions or excluding the pre-tax contributions?
by tmm999
Fri Jan 09, 2009 5:24 pm
Forum: Personal Finance (Not Investing)
Topic: How do you survive on $120K annual income?
Replies: 97
Views: 25245

jh wrote: I live on a lot less than $120k. I won't post the number because I don't want you all to laugh at me for being so stingy. For 2008 my data shows that I invested roughly 60% of gross income. The other 40% took care of living expenses, taxes, etc. This is a new record for me. Previously I h...
by tmm999
Thu Jan 08, 2009 9:24 pm
Forum: Personal Finance (Not Investing)
Topic: How do you survive on $120K annual income?
Replies: 97
Views: 25245

The yearly tax of 30K seems a bit high to me, especially with dependents. Maybe tax-deferred IRA will give this scenario a lot better numbers...
by tmm999
Fri Sep 19, 2008 5:24 pm
Forum: Investing - Theory, News & General
Topic: How does your portfolio stand as of 09/17/08?
Replies: 44
Views: 7952

I have an 80/20 portfolio, and my portfolio has gained in value since the beginning of the year.
mptfan,

Which funds are you invested in?

tmm
by tmm999
Mon Aug 04, 2008 4:55 pm
Forum: Personal Finance (Not Investing)
Topic: Suze Orman
Replies: 47
Views: 9548

The way she talks is kind of annoying, I agree, but I do watch her shows. It is very interesting to me to hear what other people are doing with their money. Unlike the people here on this forum, everyone seems to have a lot of credit card debt. Many of them have a very small savings and very low ret...
by tmm999
Thu Jun 19, 2008 7:11 pm
Forum: Personal Finance (Not Investing)
Topic: Extreme de-cluttering
Replies: 70
Views: 14802

Thank you for this thread.
I think I am going to start decluttering myself...

tmm
by tmm999
Wed Jun 11, 2008 4:34 pm
Forum: Personal Investments
Topic: Fee Only Financial Planner
Replies: 53
Views: 10316

It is kind of a late post, but I am one of those people who hired a CFP through Garrett FP network. I interviewed 3 people (not all from Garrett FP network) and decided to go with this guy from Garrett. (He was flexible enough compared to other ones and he actually listened to what my requirements/o...
by tmm999
Tue Jun 10, 2008 12:05 am
Forum: Investing - Theory, News & General
Topic: Nikkei index and US - question
Replies: 9
Views: 2171

But diversify and invest new money regularly over a long period of time, and you should be fine. I really really hope you are right If you started investing in 1990 in Japan, you would have lost money until 2003 (13 years) and you would have started getting positive returns from 2004 to 2008 if you...
by tmm999
Mon Jun 09, 2008 5:07 pm
Forum: Investing - Theory, News & General
Topic: Nikkei index and US - question
Replies: 9
Views: 2171

Nikkei index and US - question

Can someone tell me why this will (won't) happen here in the US?

http://www.thedigeratilife.com/images/japanchart.png
by tmm999
Thu May 22, 2008 1:02 pm
Forum: Personal Investments
Topic: VGTSX and VFWIX comparison - novice question
Replies: 3
Views: 1324

Thank you Landy for the nice breakdown of each fund.

Thank you worrier for the wikipedia URL. Wow. That answers just about every question I've had... and more!

tmm
by tmm999
Thu May 22, 2008 12:00 pm
Forum: Personal Investments
Topic: VGTSX and VFWIX comparison - novice question
Replies: 3
Views: 1324

VGTSX and VFWIX comparison - novice question

Can someone compare Total Int'l Stock Index and FTSE All-World ex-US and tell me what's what? I am a novice and I am looking at them both but I don't really know how to compare them... I see one (All-ex-US) has a higher expense ratio (0.40%) than Total Int'l (0.27%) and All-ex-US incurs purchase fee...
by tmm999
Wed May 21, 2008 7:04 pm
Forum: Personal Investments
Topic: former employer 401k to VG IRA---to co-mingle or not?
Replies: 33
Views: 6790

I am no expert (far from it), but I recently rolled over one of my old 401Ks to a traditional IRA (non-deductible). I also have a deductible TIRA. I was told by my broker (VG) to make sure that the check is made payable to VG (like you did), and not to me directly because if it was addressed to me, ...
by tmm999
Wed May 21, 2008 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: Have you ever been shortchanged by an ATM?
Replies: 16
Views: 4812

Spirit Rider wrote Was in Argentina working on a project. There were several of us on the project. One individual had to get money out of an ATM. The machine "ate" his card. You never saw anyone in such a panic. We said "calm down, call the bank tomorrow, you will get it back. He screamed "you don't...
by tmm999
Tue May 20, 2008 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella insurance
Replies: 66
Views: 20954

I jsut got a quote from Amica. I never talked to GEICO or State Farm, but so far, I like what I see. I may switch over from Allstate.

Thanks for this thread and thanks for this forum!

tmm
by tmm999
Tue May 13, 2008 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella insurance
Replies: 66
Views: 20954

I talked to my agent. I can get $225 (instead of $333) per year for 1M with Allstate through an affilicated company. But I have decided to go with raising liability insurance with my renters insurance (which does not cover defamation suit but covers everything else an usual umbrella would cover) for...
by tmm999
Tue May 13, 2008 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella insurance
Replies: 66
Views: 20954

djw,

How much is your coverage with Allstate for the umbrella? (just curious since you are with Allstate too.)

tmm
by tmm999
Tue May 13, 2008 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella insurance
Replies: 66
Views: 20954

Age of your car doesn't matter. Is it a sports car? Any at fault accidents? Moving violations? Pilot's license? An occupation or activity that might attract litigation? (member of a charitable or corporate board? owner of a restaurant or bar? musician?) My car is Honda Accord EX V6 (Sedan) No accid...
by tmm999
Mon May 12, 2008 8:20 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella insurance
Replies: 66
Views: 20954

So what determines your risk? I am 49 yrs old with just one car (2004) and am a renter. I have car and renter's insurance from Allstate. I live in CA (Silicon Valley). Would I be considered high risk?? They say my umbrella insurance would cost me $333/year for 1M which seems very high compared to wh...
by tmm999
Mon May 12, 2008 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: OT Personal Finance: Proper Wedding Gift
Replies: 44
Views: 8908

I gave $200 for a friend's wedding and I was told it was too much (she is a very good friend of mine and she wasn't complaning but I was a little embarrased. I just told her to have fun on her honeymoon cruise with it) - The average was around $100 is what I've been told.

tmm
by tmm999
Mon May 12, 2008 7:48 pm
Forum: Investing - Theory, News & General
Topic: The only 7 investments you need
Replies: 16
Views: 5468

The only 7 investments you need

http://money.cnn.com/galleries/2008/pf/ ... mag/7.html

Interestingly, 4 funds out of 7 recommended are VG funds...

tmm
by tmm999
Fri May 09, 2008 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella insurance
Replies: 66
Views: 20954

Hmm.... My rate seems way high...

tmm
by tmm999
Wed May 07, 2008 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella insurance
Replies: 66
Views: 20954

Thank you for your replies to my question.

$185 per year for $1M didn't sound bad, so I called my insurance agent (I have renters and car insurance from Allstate) and she said a $1M umbrealla will cost me $333 per year. That seems kind of high? I live in CA and is that normal??

tmm
by tmm999
Tue May 06, 2008 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella insurance
Replies: 66
Views: 20954

Do I need to look into umbrealla insurance? I don't own a home and all I have is $400K in 401K and maybe $150K outside of 401K. I have a pretty high liability coverage on my car insurance.

Thanks,

tmm
by tmm999
Mon Mar 10, 2008 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: How much do you spend on healthcare in general after 65?
Replies: 19
Views: 4306

This is sounding more and more scary...
I think I will have to budget a whole lot more for healthcare than I initially anticipated.

Thank you all for the posts!

tmm
by tmm999
Fri Mar 07, 2008 7:32 pm
Forum: Personal Finance (Not Investing)
Topic: How much do you spend on healthcare in general after 65?
Replies: 19
Views: 4306

How much do you spend on healthcare in general after 65?

I guess medicare kicks in but you will still have to buy supplemental correct? How much do you generally spend (for a single person) on healthcare for things that do not get covered by medicare? I realize this is a general question, but I wanted to see different people with different requirements et...
by tmm999
Wed Mar 05, 2008 1:59 pm
Forum: Investing - Theory, News & General
Topic: Model Asset Model (based on age)
Replies: 5
Views: 1701

My overall portfolio (including all accounts) has 30% bond. I've been told you should have your age in bonds (I am 49 so that would make my bond allocation 49% of my total portfolio, which is way too conservative in my opinion) but then, VG spits 19% out for me saying (This is your model asset mix b...
by tmm999
Tue Mar 04, 2008 7:26 pm
Forum: Investing - Theory, News & General
Topic: Model Asset Model (based on age)
Replies: 5
Views: 1701

Model Asset Model (based on age)

I have an old 401K in Vanguard and I recently added a taxable account and a non-deductible IRA there. Anyway, when I open my 401K plan section, it shows a pie chart with the heading of "Current Asset Mix" Stocks 62.3% Bonds 34.7% Short Term Reserve 3% and then, it shows another pie chart entitled "M...
by tmm999
Thu Feb 28, 2008 1:03 pm
Forum: Personal Investments
Topic: Anybody thinking of putting money in non-deductible IRA now?
Replies: 36
Views: 9282

I've been told that IRA is protected only up to 1M whereas 401K is protected no matter how much is in it.

tmm
by tmm999
Mon Feb 25, 2008 1:16 pm
Forum: Personal Investments
Topic: What Vanguard funds do you have in your taxable account?
Replies: 35
Views: 9629

Thank you Worrier.
I could handle that, no problem.

tmm
by tmm999
Mon Feb 25, 2008 3:37 am
Forum: Personal Investments
Topic: What Vanguard funds do you have in your taxable account?
Replies: 35
Views: 9629

And can you guys tell me how often you invest (you put more money) in your funds in your taxable accounts? Every pay period? Every quarter? I've never invested in a taxable account and I have NO IDEA how I am supposed to keep track of how much I put in what funds etc. (or do I need to? Are you suppo...
by tmm999
Sun Feb 24, 2008 3:03 pm
Forum: Personal Investments
Topic: REIT funds
Replies: 19
Views: 4531

Warrior,

Yes, I felt like we were still in 2007!
Thanks for the correction.

tmm
by tmm999
Sun Feb 24, 2008 3:01 pm
Forum: Personal Investments
Topic: REIT funds
Replies: 19
Views: 4531

Ken,

Great! Thank you.

tmm
by tmm999
Sun Feb 24, 2008 2:36 pm
Forum: Personal Investments
Topic: REIT funds
Replies: 19
Views: 4531

I am single so I cannot do a spousal IRA, but I wasn't aware that I could contribute for both 2006 and 2007 (which would make the my total contribution $4K(2006) plus $5K(2007) (I am turning 50 this year) which is, I guess, not bad.

Thanks guys. I think I will just do that for REIT, for now.

tmm
by tmm999
Sun Feb 24, 2008 2:36 pm
Forum: Personal Investments
Topic: What Vanguard funds do you have in your taxable account?
Replies: 35
Views: 9629

Thank you all for great responses. I think I will just start a non-deductible IRA at Vanguard and put the REIT there.

tmm
by tmm999
Sat Feb 23, 2008 10:09 pm
Forum: Personal Investments
Topic: What Vanguard funds do you have in your taxable account?
Replies: 35
Views: 9629

Taylor, My 401K offers REIT but with a high expense (.75%). I was initially thinking of rolling my 401K's to a VG IRA and get REIT there, but now I am thinking of keeping my old 401K as it is (in the meantime, open a non-deductible IRA and then convert it over to Roth IRA in 2010) and then roll over...
by tmm999
Sat Feb 23, 2008 10:00 pm
Forum: Personal Investments
Topic: REIT funds
Replies: 19
Views: 4531

I could start a non-deductable IRA now, but I can only put in $5K to start with, but I am aiming for 32K total for REIT (which consists of about 6% of my total portfolio) so $5K is not nearly enough....

tmm
by tmm999
Sat Feb 23, 2008 8:10 pm
Forum: Personal Investments
Topic: What Vanguard funds do you have in your taxable account?
Replies: 35
Views: 9629

What Vanguard funds do you have in your taxable account?

I am planning to start a taxable account at Vanguard. What VG funds do you have in your taxable account besides bonds/money market? I am thinking of VG Short TermTax Exempt (VWSTX) (as a discretionary emergency fund) and VG CA Tax free M/M (as a 6 month emergency fund) but I am not so sure about the...
by tmm999
Sat Feb 23, 2008 8:00 pm
Forum: Personal Investments
Topic: REIT funds
Replies: 19
Views: 4531

REIT funds

If you had no choice for REIT's in your 401K and you don't qualify for IRA/Roth IRA, would you still use REIT in your taxable account? I am looking at VGSIX (about 6% of my total portfolio) in my taxable account.

tmm
by tmm999
Thu Feb 21, 2008 1:00 pm
Forum: Personal Investments
Topic: Anybody thinking of putting money in non-deductible IRA now?
Replies: 36
Views: 9282

Another question.

When you convert the TIRA to a Roth IRA, you will have to pay taxes. Do the taxes come out of the IRA money or you pay the taxes out of your own pocket (in other words it won't affect your total amount of money in the IRA)?

Thanks,

tmm
by tmm999
Wed Feb 20, 2008 7:16 pm
Forum: Personal Investments
Topic: Anybody thinking of putting money in non-deductible IRA now?
Replies: 36
Views: 9282

Ah got you. Thanks.

tmm