Search found 742 matches

by ved
Wed Mar 25, 2020 2:47 pm
Forum: Personal Consumer Issues
Topic: Traffic Ticket - Offer to reduce points for Increase Fine
Replies: 25
Views: 1714

Re: Traffic Ticket - Offer to reduce points for Increase Fine

OP here.

Thank you all. Looks like it's a unanimous recommendation to pay the additional amount, to reduce/remove the points.

I "accepted" their offer, and will pay in a couple of days
by ved
Tue Mar 24, 2020 2:49 pm
Forum: Personal Consumer Issues
Topic: Traffic Ticket - Offer to reduce points for Increase Fine
Replies: 25
Views: 1714

Re: Traffic Ticket - Offer to reduce points for Increase Fine

Luckywon wrote:
Tue Mar 24, 2020 1:25 pm

Even without knowing the relevant details (state, insurance policy details) I think this is a no brainer. Yes pay the $40 .
Michigan.
Have comprehensive insurance

Let me know if there are any other specific details I can provide
by ved
Tue Mar 24, 2020 1:22 pm
Forum: Personal Consumer Issues
Topic: Traffic Ticket - Offer to reduce points for Increase Fine
Replies: 25
Views: 1714

Traffic Ticket - Offer to reduce points for Increase Fine

Hi, I got a speeding ticket a few days ago. Cop noted that I was driving 13 mph over the speed limit (recorded 43 mph in a 30 mph zone), but gave the ticket for 5mph over. The fine was $130 and 1 point (Traffic Citation was "Speed 1-5 mph over") The court has a "review request" option, which I asked...
by ved
Wed Mar 18, 2020 6:35 pm
Forum: Investing - Theory, News & General
Topic: Is the 2020 crash different from 2008, 2001 or 1987?
Replies: 61
Views: 5329

Re: Is the 2020 crash different from 2008, 2001 or 1987?

In previous crashes, governmnet, companies etc encouraged consumers to participate in the economy by spending. It's different this time, because to stop the virus, the economy has to be shut down. Think about that for a minute. To be able to survive the virus, the world has to deliberately crash its...
by ved
Thu Mar 05, 2020 11:12 am
Forum: Personal Investments
Topic: What do "Restrictions" on 401K Plan mean?
Replies: 10
Views: 352

Re: What do "Restrictions" on 401K Plan mean?

Very common restriction in 401k plans. So if you sell that Fidelity Contra fund, then you are not allowed to buy into that fund again for 85 days, even through your automatic investments through payroll. The bolded part is not true. They can continue to have automatic purchases of the ContraFund th...
by ved
Wed Mar 04, 2020 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: Employer / Manager difference in vacation time policies
Replies: 57
Views: 3770

Re: Employer / Manager difference in vacation time policies

I am hoping to get advice/help for an interesting issue that google isn't clearing up for me. I've been working at a large company for a few years and my compensation package includes 4 weeks of vacation a year. The management for my small department has gone through a shuffle, and the new manageme...
by ved
Wed Mar 04, 2020 2:50 pm
Forum: Investing - Theory, News & General
Topic: Money you put in the stock market is NEVER lost?
Replies: 95
Views: 3453

Re: Money you put in the stock market is NEVER lost?

I was thinking last night while I had some free time. I thought that even if I put $500 into the stock market and LOSE it, I've really made a gain. Here's my explanation. Am I right? If you have $1000 in the Total Stock Market Index and then you add in $500 and tomorrow you lose that $500 you're st...
by ved
Tue Mar 03, 2020 4:07 pm
Forum: Personal Consumer Issues
Topic: Problem setting up wi fi router
Replies: 14
Views: 697

Re: Problem setting up wi fi router

When I bought my own modem/router a few months ago, I called Comcast, and they helped me set it up.
Maybe you can give that a try.
by ved
Tue Mar 03, 2020 11:31 am
Forum: Personal Finance (Not Investing)
Topic: TurboTax - Marginal Tax Rate, anybody do this?
Replies: 8
Views: 883

Re: TurboTax - Marginal Tax Rate, anybody do this?

Decrease your income by $100...does the tax go down by $24 or $22?
by ved
Fri Feb 28, 2020 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: How to decide whether to have the car fixed, or take the insurance money
Replies: 15
Views: 689

Re: How to decide whether to have the car fixed, or take the insurance money

Will the insurance company still insure the car, if it isn't fixed?
by ved
Fri Feb 28, 2020 2:48 pm
Forum: Investing - Theory, News & General
Topic: Vanguard website: not able to place order using specId
Replies: 10
Views: 789

Re: Vanguard website: not able to place order using specId

I wanted to TLH some fund, so tried to place an order but the Vanguard website says spec id is not available for me to pick what lots to sell and I am forced to use first in first out. Anybody else sees the same?? Have you previously sold share lots of this fun using FIFO or Average cost basis? If ...
by ved
Fri Feb 28, 2020 11:35 am
Forum: Personal Consumer Issues
Topic: Help with a consumer math question?
Replies: 11
Views: 686

Re: Help with a consumer math question?

From the business point of view, they will ask you to purchase the first card (pay $x - get card for $x)
And then, if you want you can purchase additional card for half-off (pay $y - get a card for $2y).

$y should be less than $x

So, you pay $x+$y, and get $x+$2y worth of cards.

Hope this helps
by ved
Thu Feb 27, 2020 7:36 pm
Forum: Personal Finance (Not Investing)
Topic: Issue with Ally - looking for advice
Replies: 5
Views: 842

Re: Issue with Ally - looking for advice

I remember having a similar issue several years ago (with joint Ally account transferring to another individual account at nother institution. Not WellsFargo) Even though you have a joint account at Ally, you and your husband should have individual logins. Delete the problem transaction. Maybe Ally ...
by ved
Thu Dec 26, 2019 8:44 pm
Forum: Personal Investments
Topic: How to change automatic investments at Vanguard?
Replies: 4
Views: 358

Re: How to change automatic investments at Vanguard?

After you log in to teh Vanguard site, go to:
My Accounts (in the top tool bar)
Select "Account Maintenance"
In the rendered page, click on "Automatic investment" in the "Banking and Money Movement" section.

Then you should see lonks to edit or delete your automatic investment
by ved
Wed Dec 25, 2019 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: My mega backdoor Roth hesitations - justified or ill-informed?
Replies: 39
Views: 3040

Re: My mega backdoor Roth hesitations - justified or ill-informed?

OP, I have hesitations too, but mine is mostly because I have a very large taxable portion of earnings attached to the after-tax contributions. I'm fearful that if some mistake is made in the process, they wont properly withdraw and separate the earnings into a taxable IRA and the contributions int...
by ved
Fri Dec 20, 2019 7:42 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 1484
Views: 388003

Re: Share your net worth progression

2010: -180,000 2011: -110,000 2014: 20,000 2015: 110,000 2020: 700,000 Wife quit working at age 27 in 2016 because we started having children. Income has averaged 120k annually between the two of us. Now we are 30 and hoping to retire with $2.5M by 2030. Kinda hoping for a crash next year! :sharebe...
by ved
Thu Dec 05, 2019 9:59 pm
Forum: Personal Finance (Not Investing)
Topic: Thoughts on how to go about quitting job?
Replies: 28
Views: 2733

Re: Thoughts on how to go about quitting job?

Isn't it better to be sure you have another job (guaranteed start date) before quitting what you have? j :happy +1. OP, You have several steps before worying about how much notice to give to quit: New position should be posted You should apply You get called for interview You get an offer You like ...
by ved
Tue Nov 26, 2019 5:28 pm
Forum: Personal Finance (Not Investing)
Topic: Joint Accounts and Step Up Basis
Replies: 29
Views: 1909

Re: Joint Accounts and Step Up Basis

Hockey10 wrote:
Tue Nov 26, 2019 5:21 pm
From a tax standpoint, I don't see an advantage to a joint brokerage account,
What is the tax benefit of holding individual brokerage accounts? Do you MFJ?
by ved
Tue Nov 26, 2019 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: Joint Accounts and Step Up Basis
Replies: 29
Views: 1909

Re: Joint Accounts and Step Up Basis

Thanks. Then, I guess it doesn't make a difference of holding one joint account or two separate individual accounts
by ved
Tue Nov 26, 2019 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: Joint Accounts and Step Up Basis
Replies: 29
Views: 1909

Re: Joint Accounts and Step Up Basis

If you consider a property, then the step-up basis will apply as follows: Let's say the property was worth $100k at the time of purchase. So, Joe's cost basis is $50k, and Jane's is $50k. The day (minute?) before Joe's death, let's say the property is worth $150k. So, Joe's value is $75k, and Jane's...
by ved
Thu Nov 14, 2019 2:20 pm
Forum: Personal Investments
Topic: Front Load 401k in 2020?
Replies: 5
Views: 592

Re: Front Load 401k in 2020?

It might actually work against you if you max out in Q1, then go to a new employer that matches on a per-pay-period basis, and you are stuck and can't get those matching funds. But, it's very situation-specific since some employers may have a waiting period for 401k and/or matching anyway. Hard to ...
by ved
Thu Oct 31, 2019 12:02 pm
Forum: Personal Consumer Issues
Topic: Small electrical/airflow/filtering questions
Replies: 29
Views: 1074

Re: Small electrical/airflow/filtering questions

Yes they exist. There are various ways of achieving this. a. Switch with auto timer as you referenced b. Bath fan with humidity sensor - it just goes on and off based on humidity, not human intervention required. This requires a sensor in the bath fan. Costco sells these bath fans. They work great,...
by ved
Sat Sep 14, 2019 6:14 pm
Forum: Personal Finance (Not Investing)
Topic: Eligible for Mega-Backdoor Roth (MBR)?
Replies: 12
Views: 966

Re: Eligible for Mega-Backdoor Roth (MBR)?

One possibility could be if you rolled over a 401k from a previous employer that had after-tax (not Roth) account.
The plan is saying that,in such a case, you can transfer the after-tax to Roth (and the gains will be taxed at the time of transfer)
by ved
Fri Sep 13, 2019 9:25 am
Forum: Personal Finance (Not Investing)
Topic: Medical Teaching and Legalities
Replies: 14
Views: 1518

Re: University employment and Business

A_C_E wrote:
Fri Sep 13, 2019 7:38 am
The contract says anything I do during my employment belongs to them....
I hope you will think long and hard about having kids while employed there :D
by ved
Fri Aug 09, 2019 8:26 pm
Forum: Personal Consumer Issues
Topic: Where to donate house plants
Replies: 15
Views: 1575

Where to donate house plants

Hi,

We have a couple of plants - a yucca plant, and a peace lily - that we no longer wish to have.
Any idea where we can donate these? I called the local township offices and library - and both said they can't accept.

Thanks
by ved
Fri Jul 26, 2019 2:07 pm
Forum: Personal Consumer Issues
Topic: Laundry wrinkle remover
Replies: 24
Views: 1644

Re: Laundry wrinkle remover

I have a stupid question.

When folks say that they hang dry their clothes, where will you hang dry them? Especially if it's more than a couple shirts, slacks?
Do you have a "clothes's line" in one of the rooms? Doesn't the room smell musty with all the moisture?

Thanks
by ved
Sun Jul 14, 2019 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: Automated In-plan conversions of after-tax to Roth 401k - disadvantages?
Replies: 6
Views: 775

Automated In-plan conversions of after-tax to Roth 401k - disadvantages?

Hi all, My company allows unlimited conversions of after-tax 401k to Roth 401k or to Roth IRA. I have been converting to Roth IRA - call the custodian once every few months and convert to Roth IRA - with usually a small taxable gains. Now, I see that the company is allowing automated conversions of ...
by ved
Tue Apr 30, 2019 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: Rolled over and melting down
Replies: 72
Views: 7584

Re: Rolled over and melting down

Cody, don't stress about what you don't know. It's good you're looking into learning about finances, and many times there's no one right answer or approach... just what's right for you. I can highly recommend my favorite financial book: Jane Bryant Quinn's "How to Make Your Money Last." Non-robotic...
by ved
Tue Apr 23, 2019 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: What, if anything, do I owe this guy?
Replies: 82
Views: 9064

Re: What, if anything, do I owe this guy?

My issue is this: I met and had lunch with a broker/financial planner. His proposal was to run my entire portfolio, which consists of house (paid for), gold (safely stored), mutual funds (in a large institution) and various retirement funds, one of which is about 125k and in the large bank where he...
by ved
Thu Apr 11, 2019 8:37 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance and pre-payment
Replies: 7
Views: 665

Re: Refinance and pre-payment

Your monthly payment will depend on the loan amount....so if you pre-pay before the loan is taken out your monthly payment will be lower than if you make an additional principal payment after the refinance. Of course, your loan term will be shorter. So, if you are planning to pay some significant am...
by ved
Sat Mar 30, 2019 1:44 pm
Forum: Personal Investments
Topic: Distributing capital gains
Replies: 7
Views: 788

Re: Distributing capital gains

Could anyone explain the tax consequences between vanguard and fidelity as mentioned in Bogleheads wiki? I copied the paragraph here from wiki. Does it mean that dividends will be used to purchase additional funds at the end of the year without having to pay capital gain tax if I don’t touch it if ...
by ved
Sun Mar 03, 2019 9:53 pm
Forum: Personal Consumer Issues
Topic: Convince aging parents to pay for snow removal
Replies: 64
Views: 4220

Re: Convince aging parents to pay for snow removal

I don't know if you will be able to reach any service now, let alone them agreeing to come in first thing after the snow has ended.
Do your parents shovel, or use a snow blower?
by ved
Thu Feb 21, 2019 9:48 pm
Forum: Personal Finance (Not Investing)
Topic: Job Offer - 24 Hours to Decide?
Replies: 100
Views: 7804

Re: Job Offer - 24 Hours to Decide?

OP, When was the initial offer made? Have you negotiated on the offer at all? Did this 20% increase come after negotiation, and both of you agreed it's fair. In that case, 24 hours maybe enough, as you would have had the time to discuss with your family and considered all the relevant parameters. If...
by ved
Wed Feb 20, 2019 4:07 pm
Forum: Personal Investments
Topic: Getting into investing and what stocks to buy
Replies: 61
Views: 4163

Re: Getting into investing and what stocks to buy

IPS&IPA wrote:
Wed Feb 20, 2019 3:18 pm
ved wrote:
Wed Feb 20, 2019 2:51 pm
DanEmmy wrote:
Wed Feb 20, 2019 2:41 pm
Good news, you've come to the wrong place!
:sharebeer
:D
Go to MSNBS, Yahoo Finance, Jim Cramer and read and believe everything.
Invest according.
Come back in 3 years and find out how it should be done.
Good luck!
Was that for me? I am not the OP.
by ved
Wed Feb 20, 2019 2:51 pm
Forum: Personal Investments
Topic: Getting into investing and what stocks to buy
Replies: 61
Views: 4163

Re: Getting into investing and what stocks to buy

DanEmmy wrote:
Wed Feb 20, 2019 2:41 pm
Good news, you've come to the wrong place!
:sharebeer
:D
by ved
Tue Feb 19, 2019 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: Effective tax rate
Replies: 26
Views: 2116

Re: Effective tax rate

Think it would be a good exercise to calculate the effective tax rate that people pay... Numerator would include all kinds of taxes paid for a year ( income, employment, property , sales, state income tax etc. ) and the denominator all earned income . Mine came to around 22% for last year for gross...
by ved
Mon Feb 18, 2019 11:14 am
Forum: Personal Finance (Not Investing)
Topic: Easiest Way to Give $100k Cash to Non-Family Member
Replies: 62
Views: 5628

Re: Easiest Way to Give $100k Cash to Non-Family Member

Don't bring money into friendships. By offering the "gift", you are implicitly saying that you are financially better off than they are. Regardless whether they accept the gift or not, the dynamics/ relationships will change forever. Either they will feel obligated to you, or you will feel that they...
by ved
Fri Feb 15, 2019 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: Advice Needed - Options for Commuting to Work
Replies: 37
Views: 1684

Re: Advice Needed - Options for Commuting to Work

Until you find a reasonable/ reliable car pool (which is probably the best option, given the circumstances), why don't you do both options: alternate driving yourself and taking the bus on alternate days? That will break the monotony of either option, and optimize commuting costs, time and your heal...
by ved
Thu Jan 24, 2019 6:54 pm
Forum: Personal Investments
Topic: Buy pacific gas and electric?
Replies: 49
Views: 5591

Re: Buy pacific gas and electric?

My best friend works for the beleagured Northern California utility and says all the internal talk is that they are going to pull through this ordeal just fine. Putting his money where his mouth is, he just bought $65K of PCG stock in his 401k there. What do y’all think? Is buying this stock now ap...
by ved
Fri Jan 11, 2019 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: Salary Question During Job Interview
Replies: 17
Views: 2585

Re: Salary Question During Job Interview

I wouldn't bring up compensation (not just salary) at the initial stages. If you start the salary discussions now, it could go two ways: 1. they may give you a range...and if you are ok with it, then basically you agreed to the lower end of the range. 2. if you give a number, and they say that it is...
by ved
Thu Jan 10, 2019 12:16 pm
Forum: Personal Consumer Issues
Topic: Fender Bender backing out of garage. File a claim with insurance?
Replies: 21
Views: 1776

Re: Fender Bender backing out of garage. File a claim with insurance?

Does the fender need repair or complete replacement? If replacement is required then you need to decide if the replacement fender will be a genuine Toyota part or an aftermarket part. Considering this is a 2015 model, I would choose the genuine Toyota fender if I intended to keep the car for severa...
by ved
Thu Jan 10, 2019 12:07 pm
Forum: Personal Consumer Issues
Topic: Fender Bender backing out of garage. File a claim with insurance?
Replies: 21
Views: 1776

Re: Fender Bender backing out of garage. File a claim with insurance?

Does the fender need repair or complete replacement? If replacement is required then you need to decide if the replacement fender will be a genuine Toyota part or an aftermarket part. Considering this is a 2015 model, I would choose the genuine Toyota fender if I intended to keep the car for severa...
by ved
Thu Jan 10, 2019 12:00 pm
Forum: Personal Consumer Issues
Topic: Fender Bender backing out of garage. File a claim with insurance?
Replies: 21
Views: 1776

Re: Fender Bender backing out of garage. File a claim with insurance?

Finding new damage when they get inside is common. That’s happened to me on nearly every repair, no matter who was paying for it. The others could find the same and want more money as well, even though they didn’t mention it. Did the guy know what the other estimates were? No. I didn't mention to h...
by ved
Thu Jan 10, 2019 11:08 am
Forum: Personal Consumer Issues
Topic: Fender Bender backing out of garage. File a claim with insurance?
Replies: 21
Views: 1776

Re: Fender Bender backing out of garage. File a claim with insurance?

Not all dealers do body work. It wouldn't hurt to get a quote from the dealer's shop if they have one, but don't assume that the dealer-affiliated shop will be any better than the shops you've already consulted. With a $1000 deductible, I would not file an insurance claim for an incident like this....
by ved
Wed Jan 09, 2019 9:25 am
Forum: Personal Consumer Issues
Topic: Fender Bender backing out of garage. File a claim with insurance?
Replies: 21
Views: 1776

Fender Bender backing out of garage. File a claim with insurance?

Hi all, While backing out of the garage, my wife kinda turned the wheel I guess. The left quarter panel and fender scraped the garage door frame, and ripped the fender out a bit. It's a 2015 Toyota Camry, that I still have about 22 months of payments left (at 0%) I took it to a couple of collision /...
by ved
Thu Nov 15, 2018 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: Help needed with retirement numbers
Replies: 5
Views: 1194

Re: Help needed with retirement numbers

I'm looking to create a formula that will calculate an amount that represents future purchasing power in today's dollars in light of interest, taxes, and inflation. I know there are several online calculators but I wanted something to work within the spreadsheets I use to watch our spending and sav...
by ved
Sat Nov 10, 2018 3:02 pm
Forum: Personal Investments
Topic: Max Retirement Contribution for couples.
Replies: 5
Views: 820

Re: Max Retirement Contribution for couples.

You are ok.

The $55k is the maximum per employee into the 401k/ 403b plan.
So, employee contribution + employer matching + after-tax should be less than, or equal to $55k
The IRA contribution (traditional or Roth) does not count in this $55k

edited: typo
by ved
Tue Nov 06, 2018 10:22 am
Forum: Personal Investments
Topic: After tax contributions and capital losses
Replies: 6
Views: 812

Re: After tax contributions and capital losses

Not all plans handle basis the same. If you do not know, the safest thing to do is not rollover with a negative basis. Rollovers are usually done more frequently to minimize taxable earnings. Nothing prevents you from delaying a rollover until you have minimal taxable earnings. That ensures you hav...
by ved
Tue Nov 06, 2018 10:07 am
Forum: Personal Finance (Not Investing)
Topic: Are we in trouble?
Replies: 123
Views: 20539

Re: Are we in trouble?

Jack FFR1846 wrote:
Mon Nov 05, 2018 10:34 pm
Call your real estate agent. Tell them "I need the house sold in 1 week, what does the price need to be?".
$50k...and I will buy it today, sight unseen. :D