Search found 650 matches

by ved
Wed Dec 13, 2017 11:49 am
Forum: Personal Finance (Not Investing)
Topic: Mega Backdoor Roth - Earnings
Replies: 2
Views: 335

Re: Mega Backdoor Roth - Earnings

I am not totally sure about this, but, since you have left your employment, you can no longer avail the "in-service" rollover. So, if you want the after-tax amounts distributed to you, then the company is right that any earnings cannot be distributed, and would stay in the plan, along with the rest ...
by ved
Tue Dec 05, 2017 7:42 pm
Forum: Investing - Help with Personal Investments
Topic: In-plan rollover of after-tax 401k contributions
Replies: 18
Views: 1431

Re: In-plan rollover of after-tax 401k contributions

Think of your 401k account having several sub-accounts: 1. Traditional 401k - with employee pre-tax contributions, and employer matching & discretionary contributions 2. Roth 401k - with post-tax contributions 3. After-Tax 401k: with post-tax contributions So, what you are doing is having this Afte...
by ved
Tue Dec 05, 2017 3:53 pm
Forum: Investing - Help with Personal Investments
Topic: In-plan rollover of after-tax 401k contributions
Replies: 18
Views: 1431

Re: In-plan rollover of after-tax 401k contributions

Think of your 401k account having several sub-accounts: 1. Traditional 401k - with employee pre-tax contributions, and employer matching & discretionary contributions 2. Roth 401k - with post-tax contributions 3. After-Tax 401k: with post-tax contributions So, what you are doing is having this After...
by ved
Fri Dec 01, 2017 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Advice Needed
Replies: 16
Views: 1135

Re: Financial Advice Needed

Hi everyone. I am facing a dilemma and hoping to get some advice. I seem to have backed myself into a bit of a corner. Throughout the years I have been saving cash that I have received from gifts, small side jobs, etc. Mainly because of my mistrust for banks , I've kept it in my home. It has now ac...
by ved
Thu Nov 30, 2017 10:59 am
Forum: Personal Finance (Not Investing)
Topic: Who are heirs? No will.
Replies: 38
Views: 3359

Re: Who are heirs? No will.

Did Robert change his name to Tom, and change it back to Robert ? :D
by ved
Wed Nov 29, 2017 3:57 pm
Forum: Personal Consumer Issues
Topic: Scammed by Enterprise Car Rental
Replies: 35
Views: 4197

Re: Scammed by Enterprise Car Rental

I was involved in a car accident about a month ago. I swerved to miss some debris in the road, lost control, and went straight into the guard rail. My car was in the shop for about a month and my insurance company gave me a stipend of $15 a day for a rental. They told me to go to Enterprise as I ca...
by ved
Tue Nov 28, 2017 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: Job interviewing - "do you have any other interviews or leads?"
Replies: 35
Views: 4186

Re: Job interviewing - "do you have any other interviews or leads?"

OP, The way I see it - you don't have an offer from them. They are sugar-coating into making you believe that they might/possibly/could/maybe make an offer, only if they have no choice (i.e. you have another offer in your hand). I understand that you like this position...but you don't have it. So, c...
by ved
Mon Nov 27, 2017 9:48 pm
Forum: Investing - Help with Personal Investments
Topic: ESOP distribution
Replies: 10
Views: 477

Re: ESOP distribution

Thanks Pigeye, David and vk...
I will wait till the ESOP distributes my money in couple years (hopefully they will still be in business)
by ved
Mon Nov 27, 2017 4:13 pm
Forum: Investing - Help with Personal Investments
Topic: ESOP distribution
Replies: 10
Views: 477

Re: ESOP distribution

OP, I am expecting an ESOP distribution from a previous employer in 2-3 years. So, this thread is of interest to me. Did Fidelity ask for any sort of documentation from your ESOP plan to certify that the funds are eligible to be rolled over into an IRA? Also (and this is for everyone): can this IRA ...
by ved
Sat Nov 25, 2017 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: Analysis Paralysis: Can you get to the bottom of things?
Replies: 136
Views: 9044

Re: Analysis Paralysis: Can you get to the bottom of things?

OP, what is your definition of a perfect portfolio? - Maximum return (regardless of risk)? Minimum risk (regardless of return)? Or, some combination of the two? What will you measure this perfect portfolio against, to determine it is perfect or needs further tweaking? More importantly, what are you ...
by ved
Sat Nov 18, 2017 7:49 pm
Forum: Personal Consumer Issues
Topic: Charge card, what info embedded in chip?
Replies: 9
Views: 896

Re: Charge card, what info embedded in chip?

Good question. I don't know how much info is in the chip - but I don't think a lot of your personal info is in there. My guess is the transaction gets posted to the credit card, with probably some instruction to send the receipt to the cell phone that is on the record for your account with the credi...
by ved
Thu Nov 16, 2017 12:58 pm
Forum: Investing - Help with Personal Investments
Topic: reached 54K IRS limit, now will miss employer match, what to do
Replies: 19
Views: 1149

Re: reached 54K IRS limit, now will miss employer match, what to do

Many companies allow you to put much of your salary into the 401k but match only up to say 10%. My company allows 30% put into the 401k and will match 75% of the first 8% so you can put 38% in total. Add in being able to send bonuses to the 401k and you are looking at a 120k-130k salary to hit the ...
by ved
Sat Nov 11, 2017 7:27 pm
Forum: Personal Finance (Not Investing)
Topic: What Credit Card is good for me?
Replies: 19
Views: 1360

What Credit Card is good for me?

Hi all, I currently have Chase Freedom credit card - get 1% cash back on all purchases, and I believe 5% back on quarterly selected categories/vendors. I have had this for years (decades?). I charge pretty much everything to that, and pay off the bill every month. Don't eat out much, or travel much....
by ved
Thu Nov 09, 2017 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: Interviewing at a former employer, should I give them my current salary when they ask?
Replies: 94
Views: 6050

Re: Interviewing at a former employer, should I give them my current salary when they ask?

If you are going to tell them, then tell them the truth. Because, at the end after making/accepting an offer, they may ask you for your w-2, pay stub. At that time, if you cannot provide it (because the number there is materially different from what you said earlier in the interview, you are toast. ...
by ved
Sat Nov 04, 2017 10:53 am
Forum: Personal Consumer Issues
Topic: Transferring between terminals at Boston Logan Airport
Replies: 5
Views: 489

Transferring between terminals at Boston Logan Airport

Hi all, Need info about transferring between terminals at Boston Logan airport. My wife is traveling international early next month. Her domestic flight from our home town to Boston Logan lands at Terminal A. Then she needs to transfer to Terminal E to board the international flight- she has about 3...
by ved
Wed Nov 01, 2017 7:11 pm
Forum: Personal Consumer Issues
Topic: Cellphone Battery
Replies: 14
Views: 1347

Re: Cellphone Battery

Thank you all. Just placed an order for replacement battery at Amazon. Will update how it works out.
by ved
Wed Nov 01, 2017 10:34 am
Forum: Personal Consumer Issues
Topic: Cellphone Battery
Replies: 14
Views: 1347

Cellphone Battery

Hi, I have an old Samsung Galaxy S3 smart phone, that I use only at home (on wi-fi), basically texting with friends, amazon shopping, etc. Does not have a number associate with it - I transferred the phone number to my employer-provided cell phone) Just noticed that the battery on the S3 is dead, an...
by ved
Mon Oct 30, 2017 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: Mega Back Door Roth cautionary tale (Fidelity)
Replies: 4
Views: 1148

Re: Mega Back Door Roth cautionary tale (Fidelity)

My 401k is through Fidelity/Net Benefits also. I keep my after-tax conversions to Roth IRA at Fidelity itself. It is a much faster process - the money is put my 401k on Day 1, and it is usually in the Roth IRA on Day 2. So, I am about a day or so out of the market with that money, rather than days/w...
by ved
Sat Oct 21, 2017 7:25 pm
Forum: Investing - Help with Personal Investments
Topic: Rebalance with large capital gain
Replies: 13
Views: 1406

Re: Rebalance with large capital gain

Do you have any tax-advantaged accounts like 401k, 403b, IRA or Roth IRA? Do you have any stock funds in those accounts? Sell those and buy bonds - and you won't have to pay taxes on the transactions (now)
by ved
Fri Oct 20, 2017 8:14 am
Forum: Personal Finance (Not Investing)
Topic: HSA question
Replies: 8
Views: 1059

Re: HSA question

I suggest you still process this through insurance. The insurance may not cover it, but may have negotiated rates that could probably decrease the amount owed. Also, this amount may be included in the deductible bucket.
by ved
Thu Oct 19, 2017 11:31 am
Forum: Personal Finance (Not Investing)
Topic: Employer Benefits - Insurance Options, are these useful?
Replies: 17
Views: 1015

Re: Employer Benefits - Insurance Options, are these useful?

As the benefit is 60% of your pay, I would go for paying the LTD premiums myself - that way, you would be getting closer to actual take home pay, in case you need to avail LTD. This would cost you less than $200 per year. For STD, because it's only a few weeks, the 60% pre-tax may be sufficient, esp...
by ved
Tue Oct 17, 2017 8:12 pm
Forum: Personal Finance (Not Investing)
Topic: Think I froze credit... any reason not to apply for credit to test?
Replies: 12
Views: 1443

Re: Think I froze credit... any reason not to apply for credit to test?

I don't know the answer..but what are the "big 5"?
I know only Equifax, TransUnion and Experian.
by ved
Wed Oct 11, 2017 8:06 pm
Forum: Investing - Help with Personal Investments
Topic: Adding money to 401K/403b late in the year.
Replies: 18
Views: 989

Re: Adding money to 401K/403b late in the year.

OP,

10% seems too low. Please check again - it might be for after-tax contributions
by ved
Wed Oct 11, 2017 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance as an inheritance?
Replies: 10
Views: 579

Term Life Insurance as an inheritance?

Hi, I was wondering if anyone continues their term-life insurance, even after they are financially independent and/or have retired? I was looking at term4sale.com, and for a 50-year-old male, a $1 million, 30-year term life costs about $2,500 to $3,000 per year. So, at the worst (or best?) case, he ...
by ved
Wed Oct 11, 2017 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: Growing old without kids or younger caring relatives
Replies: 106
Views: 20156

Re: Growing old without kids or younger caring relatives

2. This particular operation is a for-profit entity. I learned from my friend that did some consulting work for them, share distributions were running ~20+% per year. So, in the setting of the above, owners maintained a ~20%/year yield. This is a breach of trust by your friend. As a consultant, one...
by ved
Wed Oct 11, 2017 1:14 pm
Forum: Investing - Help with Personal Investments
Topic: ESPP with Walmart (associate stock purchase plan)
Replies: 8
Views: 700

Re: ESPP with Walmart (associate stock purchase plan)

Instead of selling at ComputerShare, can you transfer it to another brokerage? My ESPP plan with ComputerShare allows transfer to another brokerage of your choice for free. So, you could open an account at one of the discount brokerages (TD Ameritrade, or others) and transfer your shares there and s...
by ved
Sun Oct 08, 2017 7:52 pm
Forum: Personal Consumer Issues
Topic: What to do with unused paint?
Replies: 38
Views: 2560

Re: What to do with unused paint?

Thanks for all the replies. My local paint store will not take it back. I even asked if I can leave them in a corner of the store and let their other customers take it if they want to sample it, but they won't allow that. I am told by local township that either I should dry it (mix it with kitty lit...
by ved
Sun Oct 08, 2017 6:24 pm
Forum: Personal Consumer Issues
Topic: What to do with unused paint?
Replies: 38
Views: 2560

What to do with unused paint?

Hi,

We got our house painted this past summer. To select the colors, we bought a lot of samples (quart size) from Sherwin Williams.
What do we do with all those samples? Can we donate them somewhere?
by ved
Fri Oct 06, 2017 11:57 am
Forum: Personal Finance (Not Investing)
Topic: Megabackdoor Roth Waiting Period?
Replies: 18
Views: 1381

Re: Megabackdoor Roth Waiting Period?

The duration and frequency restrictions are purely a function your 401k plan rules. You should check with them. Generally you should do it as quickly and as often as practical. You can rollover after-tax employee contributions and earnings to a Roth IRA. The after-tax contribution rolls over tax fr...
by ved
Wed Sep 27, 2017 3:49 pm
Forum: Investing - Help with Personal Investments
Topic: Increase 401K percentage or contribute to ESPP?
Replies: 14
Views: 956

Re: Increase 401K percentage or contribute to ESPP?

OP, What ryman and others are saying is that you can do both - contribute to 401k & to the ESPP. Let's talk some numbers here, to make it a little clearer. You said that you contribute 12% to 401k, and 3% to ESPP - and are wondering if you should contribute 15% (= 12% + 3%) to 401k or to ESPP. First...
by ved
Wed Sep 27, 2017 1:21 pm
Forum: Personal Consumer Issues
Topic: $700 to install a dishwasher seem by a plumber?!
Replies: 65
Views: 4797

Re: $700 to install a dishwasher seem by a plumber?!

Our run-of-the mill dishwasher needs replacing and our condo requires the installation be done by a licensed plumber. I sent photos to two different plumbers in Chicago . They both surprisingly quoted me $700! I could not believe why it was so high. In past I have it done for less than $150 by regu...
by ved
Mon Sep 25, 2017 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: How Often Do you make a Back-Door Roth Conversion
Replies: 29
Views: 2614

Re: How Often Do you make a Back-Door Roth Conversion

But, how long do you think is reasonable (or the legislation would consider reasonable)? 1 day, 1 month, 1 year, 5 years? How long would you wait for that legislation to be proposed and made into a law?
by ved
Mon Sep 18, 2017 4:11 pm
Forum: Investing - Help with Personal Investments
Topic: ESPP Shares - Transfer to Brokerage - Wash Sale Considerations
Replies: 2
Views: 282

Re: ESPP Shares - Transfer to Brokerage - Wash Sale Considerations

Bump... For what it's worth, I called ComputerShare, and the representative was just reading off the script on what a wash sale is...but when pressed, she said they don't offer tax advice. I don't want tax advice...I want to know if they track future purchases and adjust the cost basis, per wash-sal...
by ved
Mon Sep 18, 2017 1:02 pm
Forum: Investing - Help with Personal Investments
Topic: ESPP Shares - Transfer to Brokerage - Wash Sale Considerations
Replies: 2
Views: 282

ESPP Shares - Transfer to Brokerage - Wash Sale Considerations

Hi all, I have an ESPP offered from my employer, and administered by ComputerShare corporation. Basically, I buy the shares through payroll deduction (every 2 weeks). Then, sell them every 3-4 months. The transaction costs are about $25 to $30 (depending on the number of shares). This precludes me f...
by ved
Sat Sep 16, 2017 8:02 pm
Forum: Personal Consumer Issues
Topic: saving an edited pdf file?
Replies: 14
Views: 761

Re: saving an edited pdf file?

OP - 'Print to File' is not what we are talking about above. A 'Print to PDF' type print driver definitely will work. What operating system is your computer using? Windows 7, 8, 10, etc? or Mac OS X? Other? Tell us and I will give you exact instructions on how to save your filled out form to a file...
by ved
Fri Sep 15, 2017 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: Let's talk about your FI # and family income [Financial Independence]
Replies: 183
Views: 20297

Re: Let's talk about your FI # and family income

Yep, it is all about expenses and almost nothing to do with family income. And I'll throw out another twist: I think in 2006 our investable assets were about 6X family income and we could have been considered financially independent (we know how to live well below our means). But 2008-2009 our inve...
by ved
Fri Sep 15, 2017 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: Let's talk about your FI # and family income [Financial Independence]
Replies: 183
Views: 20297

Re: Let's talk about your FI # and family income

Wouldn't the target FI number depend on the age?
A 30 year old FI number would be much larger than a 60 year old FI number
by ved
Fri Sep 15, 2017 11:46 am
Forum: Investing - Theory, News & General
Topic: Help! - How to improve small company 401k?
Replies: 19
Views: 1858

Re: Help! - How to improve small company 401k?

I would be careful (especially as a new employee) even remotely insinuating about shenanigans with the executives. Sure way to have yourself blacklisted in the execs opinion (and that will flow down the management chain). Agreed that the fund expenses are outrageous, but no where compare to your sal...
by ved
Thu Sep 14, 2017 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: HSA Timing
Replies: 9
Views: 992

Re: HSA Timing

You can not open and fund an HSA until you are eligible. You are not an HSA eligible individual until you have an HSA qualifying HDHP. You want to wait to make the HSA contributions by payroll deduction anyways. HSA contributions by payroll deduction are pre-tax for federal, state except (AL, CA, a...
by ved
Tue Sep 12, 2017 1:23 pm
Forum: Investing - Help with Personal Investments
Topic: Pseudo-bridge financing
Replies: 11
Views: 1209

Re: Pseudo-bridge financing

Money is fungible. In the short-term, why not sell equities in your tax-advantaged account and buy bonds to get back to your AA - it will not be a taxable event. Then, when you sell your house, you can reverse this transaction in the tax-advantaged account, and buy bonds & stocks in your taxable acc...
by ved
Mon Sep 11, 2017 1:09 pm
Forum: Investing - Help with Personal Investments
Topic: Traditional 401K vs Roth 401K
Replies: 90
Views: 5526

Re: Traditional 401K vs Roth 401K

I think you also need to take your income into account, as this determines Roth IRA eligibility. For example, my wife and I make more than $186k combined. When filing jointly, Roth IRA (not Roth 401k) eligibility starts to phase out at $186k (in 2017). I like Roth IRAs, as I can always withdraw the...
by ved
Mon Sep 11, 2017 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: HSA investment drawdown methods
Replies: 8
Views: 756

Re: HSA investment drawdown methods

Yes, you can reimburse yourself from the HSA years after the expense has occurred, and you have paid the bill from your non-HSA funds. However, you should have had an HSA prior to the date that the expense occurred. That is, if you started your HSA in 2013, then you cannot reimburse yourself on expe...
by ved
Fri Sep 08, 2017 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: Question Re: Max 401K Contribution
Replies: 28
Views: 2212

Re: Question Re: Max 401K Contribution

Others more knowledgeable will pitch in here. Until then, I think: $18k limit is per employee - regardless of the number of jobs they are working at, and split across any way employee chooses. $54k limit is per employee per employer - so each job can contribute upto $54k in employee contributions, c...
by ved
Fri Sep 08, 2017 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 711
Views: 51975

Re: Equifax says info stolen. What's my best course of action?

Hi Sunny, This is Daisy Dog. Sorry I'm writing about this security breach instead of writing about something fun! But I can't find where on the website to access the information on whether I was a victim. I'm trying to call them but have been on hold for over a half hour so far. Thanks! Daisy Go he...
by ved
Fri Sep 08, 2017 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 711
Views: 51975

Re: Equifax says info stolen. What's my best course of action?

When I checked last night, the website showed that my information is not compromised. When I checked again an hour ago, its saying information is compromised. Did this happen to anyone else too? Yep - last night it said something like- Thank you for checking. Now, it says info may be compromised.
by ved
Fri Sep 08, 2017 11:53 am
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 711
Views: 51975

Re: Equifax says info stolen. What's my best course of action?

^^^ Yes.

As I said, it may be innocuous (july 29 was a saturday when the breach was identified, and Aug 2 was a wednesday when these execs executed their orders). But the optics is bad for the company.
by ved
Fri Sep 08, 2017 11:44 am
Forum: Investing - Theory, News & General
Topic: Irrational fears?
Replies: 23
Views: 2075

Re: Irrational fears?

Haven't you heard that BogleHeads use a "buy and hold" strategy?
We never sell :-)
by ved
Fri Sep 08, 2017 10:13 am
Forum: Investing - Help with Personal Investments
Topic: Rollover 401k to TIRA or backdoor Roth IRA
Replies: 6
Views: 509

Re: Rollover 401k to TIRA or backdoor Roth IRA

First of all, backdoor Roth IRA is generally referred to converting a non-deductible IRA contribution to Roth IRA. What you are asking about is a normal conversion from tIRA to Roth. If the 401k that you want to rollover is pre-tax funds, then you can roll it over into a tIRA. However, if you covert...
by ved
Fri Sep 08, 2017 9:30 am
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 711
Views: 51975

Re: Equifax says info stolen. What's my best course of action?

The C-suite at Equifax also sold their shares after they know about the breach and before the information could reach the public. Is this insider trading? Certainly would appear to be, at least based on the limited information that is currently public. Executives / officers of publicly traded compa...