Search found 696 matches

by ved
Thu Nov 15, 2018 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: Help needed with retirement numbers
Replies: 5
Views: 1078

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: Investing - Help with Personal Investments
Topic: Max Retirement Contribution for couples.
Replies: 5
Views: 718

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: Investing - Help with Personal Investments
Topic: After tax contributions and capital losses
Replies: 6
Views: 674

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: 106
Views: 12908

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
by ved
Sat Oct 27, 2018 4:07 pm
Forum: Personal Consumer Issues
Topic: House selling costs
Replies: 23
Views: 2183

Re: House selling costs

Thanks y’all. We are thinking whats the worst that could happen if we back out - potentially never will be able to buy house ? Rents going higher ? We really have to stick to this location only for schools... after 10 years, we can live anywhere regardless of location. The worst that could happen i...
by ved
Fri Oct 26, 2018 2:13 pm
Forum: Personal Consumer Issues
Topic: House selling costs
Replies: 23
Views: 2183

Re: House selling costs

Looks like you and your husband are getting a "pre-buyer remorse". A $450k mortgage on a $130k income is reasonable. On a ~$200k income is comfortable. As long as you have no real issues with the house, location, schools, and other important criteria that you had, I recommend you go ahead with the p...
by ved
Fri Oct 12, 2018 2:43 pm
Forum: Investing - Help with Personal Investments
Topic: Query - Rolling after-tax 401(k) funds to a Roth IRA
Replies: 4
Views: 314

Re: Query - Rolling after-tax 401(k) funds to a Roth IRA

I do it about 5-6 times a year... I guess I could do it after every paycheck, but it gets cumbersome.
I get one 1099R, with the basis (box 5) and the gains (box 2a)
by ved
Sun Aug 26, 2018 10:23 am
Forum: Investing - Theory, News & General
Topic: The first million is the hardest?
Replies: 46
Views: 9330

Re: The first million is the hardest?

AlphaLess wrote:
Fri Aug 24, 2018 9:57 pm
thangngo wrote:
Fri Aug 24, 2018 11:13 am
i.e. let's pray for a big crash and don't sell/just buy during the crash.
Amen to that! I wake up every day asking the market gods for a nice big fat crash. The bigger, the better!
Just hope that the market gods don't answer your prayers around the time you retire.
by ved
Fri Aug 24, 2018 1:07 pm
Forum: Personal Consumer Issues
Topic: Need a cheap smartphone - no service needed
Replies: 29
Views: 2447

Need a cheap smartphone - no service needed

Hi all, I need a "smart phone" to run some apps at home - weather, news, messaging apps, take some pics etc. I will be using this device only at home - on WiFi. Is there a cheap smart phone that I can buy without any service contract? Any recommendations on models? Would like to spend less than $100...
by ved
Fri Jun 22, 2018 4:58 pm
Forum: Investing - Help with Personal Investments
Topic: Can I break up a 401k->401k rollover into multiple transactions?
Replies: 11
Views: 810

Re: Can I break up a 401k->401k rollover into multiple transactions?

Yes, this is allowed. I transferred my old 401k to my current employer in increments - I wanted to avoid having the full amount out of the market for the time period it takes to complete the transaction. But my custodians were not TA & Schwab. I had to complete forms with both custodians. So, check ...
by ved
Fri Jun 15, 2018 8:09 am
Forum: Personal Consumer Issues
Topic: Should I take possession of a certified mail?
Replies: 151
Views: 17731

Re: Should I take possession of a certified mail?

I will caution against opening the letter. Only bad outcomes come out of these things. If you have not picked it up yet, you can ask your friendly postal worker to let you know if it has been returned to the sender. Than you can take a sigh of relief. If you happen to have it in your possession, yo...
by ved
Thu Jun 14, 2018 11:48 am
Forum: Personal Finance (Not Investing)
Topic: I was rear ended and the other guy wants a payout!
Replies: 109
Views: 10850

Re: I was rear ended and the other guy wants a payout!

What if a pedestrian darted in front of a car, and the driver had to stop suddenly. If you were behind this car, would you claim that you couldn't stop because the guy in front of you made a "sudden and unexpected stop"? Assuming I hit the car in front of me, yes, I would. And you think it would no...
by ved
Thu Jun 14, 2018 11:28 am
Forum: Personal Finance (Not Investing)
Topic: I was rear ended and the other guy wants a payout!
Replies: 109
Views: 10850

Re: I was rear ended and the other guy wants a payout!

The vehicle striking the rear of another vehicle while moving in traffic is ALWAYS at fault. Vehicle control. Your insurance should be handling this. Do not respond directly. All contact should be insurance to insurance. It is a money grab. He is at fault. If he shows up with a neck brace and crutc...
by ved
Thu Jun 14, 2018 10:46 am
Forum: Personal Finance (Not Investing)
Topic: I was rear ended and the other guy wants a payout!
Replies: 109
Views: 10850

Re: I was rear ended and the other guy wants a payout!

There is a presumption that in a rear end impact, the driver of the vehicle from behind is at fault, but it's just a presumption and it can be overcome by other evidence, for example if the vehicle in front pulled out unexpectedly in front of the oncoming vehicle, or if the vehicle in front made a ...
by ved
Tue Jun 05, 2018 3:26 pm
Forum: Personal Consumer Issues
Topic: Anyone familiar with these Sherwin Williams interior colors?
Replies: 2
Views: 337

Re: Anyone familiar with these Sherwin Williams interior colors?

Paint colors are such a personal choice. My suggestion is to go to SW store near you, and get the swatches and stick them on the walls to see how they could look. Then, if you can eliminate a few, get samples for the rest of them - SW charges ~$5 per quart of the sample. Maybe several residents coul...
by ved
Wed May 30, 2018 12:07 pm
Forum: Investing - Theory, News & General
Topic: It's a Really Bad Day, Time to Buy
Replies: 46
Views: 4960

Re: It's a Really Bad Day, Time to Buy

Here is the requested thread: When it's a Really Bad Day, please post your contention that it makes sense to buy stocks today as opposed to yesterday or tomorrow. And, please make sure you post before 2:00 p.m. Eastern time, so that those hypothetically purchasing mutual funds can lock in their "bu...
by ved
Sat May 26, 2018 9:08 pm
Forum: Personal Finance (Not Investing)
Topic: Is backdoor Roth IRA eliminated in 2018?
Replies: 19
Views: 3879

Re: Is backdoor Roth IRA eliminated in 2018?

The back door has not been eliminated. What was eliminated is the ability to re-characterize the Roth conversion (second step of the back door) if your circumstances change. It is now a one way door - no "do overs" available. This is a good reason to do your Roth conversions very late in the year -...
by ved
Tue May 22, 2018 2:30 pm
Forum: Personal Consumer Issues
Topic: Bird Nest in bathroom exhaust fan vent
Replies: 10
Views: 1312

Bird Nest in bathroom exhaust fan vent

Hi all, I noticed that bird(s) were trying to enter my 2nd floor bathroom exhaust vent. So, I went into the attic, and looked in flexible exhaust pipe - sure enough there's a reasonably big nest, deep into the vent. I tried to remove it, and was able to take some of it. But, I don't have the proper ...
by ved
Wed Feb 07, 2018 9:02 pm
Forum: Personal Consumer Issues
Topic: Getting Rid of Ants in the House?
Replies: 46
Views: 3597

Re: Getting Rid of Ants in the House?

The best ant poison is one you can easily make yourself. You need Borax and sugar. Borax is usually available in the grocery store as Boraxo in a big box for something like $7. You can also add it (the Boraxo only) to you laundry to make your detergent work better in addition to killing aunts . You...
by ved
Tue Feb 06, 2018 4:32 pm
Forum: Investing - Help with Personal Investments
Topic: How to TLH if I bought big today?
Replies: 13
Views: 1971

Re: How to TLH if I bought big today?

Yes, that would be a wash sale, but only if you sold total bond market fund shares for a loss in a taxable account. You could buy some other bond fund though. Your question in your previous post did not mention wash sale. Wash sales are not illegal and of minor consequence anyways. Let me give an e...
by ved
Fri Feb 02, 2018 5:28 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 8783
Views: 1690876

Re: U.S. stocks in freefall

sergeant wrote:
Fri Feb 02, 2018 3:39 pm
lostdog wrote:
Fri Feb 02, 2018 10:38 am
RBD today?
No. It's Friday.
So, how is an RBD defined?
by ved
Thu Feb 01, 2018 8:42 pm
Forum: Personal Finance (Not Investing)
Topic: Beating the 55k IRS limit?
Replies: 23
Views: 2727

Re: Beating the 55k IRS limit?

cherijoh wrote:
Thu Feb 01, 2018 7:56 pm
ved wrote:
Thu Feb 01, 2018 7:29 pm
I don't understand how this is beating the $55k limit.
It isn't since that is a per person limit and OP is combining the 2 spouses contributions.
Exactly. That's why the title of this thread is misleading
by ved
Thu Feb 01, 2018 7:29 pm
Forum: Personal Finance (Not Investing)
Topic: Beating the 55k IRS limit?
Replies: 23
Views: 2727

Re: Beating the 55k IRS limit?

I don't understand how this is beating the $55k limit.
by ved
Wed Jan 31, 2018 8:51 pm
Forum: Personal Consumer Issues
Topic: Choosing which room to sleep in
Replies: 48
Views: 5663

Re: Choosing which room to sleep in

theplayer11 wrote:
Wed Jan 31, 2018 7:47 pm
I never understood the need for a large bedroom. We sleep there, get up and never step foot in there until the next night.
Technically, once you get up, you will step into the room that night to sleep, not the next night.
(unless of course, you sleep once every 2 days/nights :-)
by ved
Wed Jan 31, 2018 4:54 pm
Forum: Personal Consumer Issues
Topic: How to ship two big tubs of butter internationally?
Replies: 43
Views: 4228

Re: How to ship two big tubs of butter internationally?

Ok, I love my uncle, but I'm not paying $1200 to ship two tubs of butter that only cost $40. Dry ice is complicated for shipping reasons - once you declare it, it's hazardous or something like that and shipping is much more expensive, at least based on what I've read. Are we agreed that Livesoft's ...
by ved
Tue Jan 30, 2018 10:25 pm
Forum: Personal Finance (Not Investing)
Topic: Accepting an offer from an employer who said previously no!
Replies: 30
Views: 3873

Re: Accepting an offer from an employer who said previously no!

OP, Until and unless there is an offer on the table, there is nothing here to consider. KlangFool They are asking her in an email if she is still open to the position. So yes, there is something to consider: to reply Yes vs No BogleMelon, In those cases, you always say yes. Then, find out how much ...
by ved
Tue Jan 30, 2018 9:23 pm
Forum: Investing - Theory, News & General
Topic: Kinda laughing, kinda mad - Vanguard Personal Investor
Replies: 45
Views: 8625

Re: Kinda laughing, kinda mad - Vanguard Personal Investor

cancel the PAS service.
Call back a few days later and re-enrol
If you still get the same advisor, then maybe Vanguard has only one advisor :-)
by ved
Sat Jan 27, 2018 2:39 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with large stock holding in taxable account
Replies: 32
Views: 3140

Re: What to do with large stock holding in taxable account

Something I did to reduce the company-specific risk over a 3-year period during which I was exercising company stock options (to minimize tax impact) was to sell calls on the stock. This limited my upside, but gave me downside protection. He might consider selling covered calls if he wants to minim...
by ved
Fri Jan 26, 2018 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: Turbo Tax - Download?
Replies: 7
Views: 741

Re: Turbo Tax - Download?

Hi all, I have been buying TurboTax from Costco for years - and used the CD to install the program on my laptop. Well, late last year my laptop died, and I got a new laptop - which doesn't have a cd/dvd drive. I know I can probably buy an external drive, but I hate to spend money on something that ...
by ved
Fri Jan 26, 2018 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: Turbo Tax - Download?
Replies: 7
Views: 741

Turbo Tax - Download?

Hi all, I have been buying TurboTax from Costco for years - and used the CD to install the program on my laptop. Well, late last year my laptop died, and I got a new laptop - which doesn't have a cd/dvd drive. I know I can probably buy an external drive, but I hate to spend money on something that I...
by ved
Thu Jan 25, 2018 6:44 pm
Forum: Investing - Help with Personal Investments
Topic: Can husband and wife do Backdoor Roth?
Replies: 4
Views: 717

Re: Can husband and wife do Backdoor Roth?

All, I just wanted to clarify a doubt that i have with Backdoor Roth Lets say, Husband is earning 170k and wife earns 90K. They both file jointly. Together they earn 260k per year. As individuals, Husband is not eligible for Roth IRA contribution and Wife is eligible for the same. But can they both...
by ved
Sun Jan 21, 2018 12:05 pm
Forum: Investing - Theory, News & General
Topic: No more TDA Apex?
Replies: 19
Views: 5186

Re: No more TDA Apex?

I just spoke to TDA and Apex is NOT discontinued. I think it's just they redesigned their website and it no longer shows the little word "Apex" wherever it used to. I had Apex status and called to confirm and they said I still have it, which agrees with the lack of fees I've been charged for variou...
by ved
Tue Jan 16, 2018 3:38 pm
Forum: Investing - Theory, News & General
Topic: GE and the myth of "safe blue-chip stocks"
Replies: 140
Views: 21790

Re: GE and the myth of "safe blue-chip stocks"

Is this correct?? Vanguards Total Stock Market Index Fund (VTSAX) has only market risk. GE (or any individual stock) has both market risk and Individual company risk (or unsystematic risk, or idiosyncratic risk). 1210 I don't think that's correct. VTSAX has the individual companies in it - so, it h...
by ved
Tue Jan 16, 2018 3:34 pm
Forum: Investing - Theory, News & General
Topic: GE and the myth of "safe blue-chip stocks"
Replies: 140
Views: 21790

Re: GE and the myth of "safe blue-chip stocks"

Is this correct?? Vanguards Total Stock Market Index Fund (VTSAX) has only market risk. GE (or any individual stock) has both market risk and Individual company risk (or unsystematic risk, or idiosyncratic risk). 1210 I don't think that's correct. VTSAX has the individual companies in it - so, it h...
by ved
Tue Jan 16, 2018 3:02 pm
Forum: Investing - Theory, News & General
Topic: GE and the myth of "safe blue-chip stocks"
Replies: 140
Views: 21790

Re: GE and the myth of "safe blue-chip stocks"

Is this correct?? Vanguards Total Stock Market Index Fund (VTSAX) has only market risk. GE (or any individual stock) has both market risk and Individual company risk (or unsystematic risk, or idiosyncratic risk). 1210 I don't think that's correct. VTSAX has the individual companies in it - so, it h...
by ved
Tue Jan 16, 2018 1:02 pm
Forum: Investing - Theory, News & General
Topic: GE and the myth of "safe blue-chip stocks"
Replies: 140
Views: 21790

Re: GE and the myth of "safe blue-chip stocks"

Is this correct?? Vanguards Total Stock Market Index Fund (VTSAX) has only market risk. GE (or any individual stock) has both market risk and Individual company risk (or unsystematic risk, or idiosyncratic risk). 1210 I don't think that's correct. VTSAX has the individual companies in it - so, it h...
by ved
Sun Jan 14, 2018 9:02 pm
Forum: Investing - Help with Personal Investments
Topic: ESPP help?
Replies: 12
Views: 1135

Re: ESPP help?

That's the consensus - to sell it as soon as you can.
There are a lot of posts on ESPP in this forum. Search for "ESPP" in the search bar at the top of this page.

Come back if you have more questions
by ved
Thu Jan 11, 2018 8:32 pm
Forum: Personal Finance (Not Investing)
Topic: Company Sponsored Financial Wellness Program
Replies: 6
Views: 745

Re: Company Sponsored Financial Wellness Program

My company offers this service through Ayco. I have not had any selling, pressure from them. You tell them what accounts you have (outside of your company sponsored 401k - which they will already know). Then, you drive the conversation - what you want accomplished. I think they ask you to fill out a...
by ved
Thu Jan 11, 2018 10:08 am
Forum: Personal Consumer Issues
Topic: Car accident - was directed to sign release
Replies: 71
Views: 6182

Re: Car accident - was directed to sign release

Why are you dealing with the other party's insurance company? You should have your insurance company represent you (that's what they are "hired" by you to do) My understanding is that I could have filed a collision claim against my own insurance company, they would have repaired my car, and then th...
by ved
Thu Jan 11, 2018 9:36 am
Forum: Personal Consumer Issues
Topic: Car accident - was directed to sign release
Replies: 71
Views: 6182

Re: Car accident - was directed to sign release

Why are you dealing with the other party's insurance company?
You should have your insurance company represent you (that's what they are "hired" by you to do)
by ved
Tue Jan 02, 2018 9:18 pm
Forum: Investing - Help with Personal Investments
Topic: Mortgage Math
Replies: 13
Views: 1736

Re: Mortgage Math

Happy New Year Bogleheads. Though we've been on autopilot for most of the year, January usually entails some financial housekeeping. One item on the list is mortgage prepayments. We've extra payments over the last several years, and paid down nicely. But a refi in early 2017 and rising yields on in...
by ved
Tue Jan 02, 2018 8:39 pm
Forum: Investing - Help with Personal Investments
Topic: Value of Mega Backdoor Roth IRA
Replies: 5
Views: 1121

Re: Value of Mega Backdoor Roth IRA

OP, You can estimate the value of the Mega Backdoor Roth benefit. It depends on a number of assumptions. Here's an example that you can use to model your situation. Amount of Contribution allowed per year = C = $30,000. This amount will either be contributed to after-tax 401k that can be rolled over...
by ved
Thu Dec 28, 2017 2:17 pm
Forum: Investing - Help with Personal Investments
Topic: Help with understanding back door Roth contribution please.
Replies: 2
Views: 339

Re: Help with understanding back door Roth contribution please.

OP, You are intermingling two different, unrelated concepts: Backdoor Roth IRA, and Mega-Backdoor Roth IRA. There are multiple posts about these two concepts. Backdoor Roth IRA: This is for individuals & families whose annual income is above a certain limit (MAGI of above $186k for filing MFJ). If y...
by ved
Thu Dec 21, 2017 6:35 pm
Forum: Investing - Help with Personal Investments
Topic: Mega Backdoor questions
Replies: 54
Views: 4315

Re: Mega Backdoor questions

It is not just about mailing checks. If one is doing this every 2 weeks, you have to do the whole procedure 26 times a year. That includes checking all of the 26 rollovers on both the 401k side and the Roth IRA side to be sure the right amounts got put in the 401k, the right amounts came out of the...
by ved
Thu Dec 21, 2017 11:38 am
Forum: Investing - Help with Personal Investments
Topic: Mega Backdoor questions
Replies: 54
Views: 4315

Re: Mega Backdoor questions

I think you'll find that doing a rollover every two weeks is a hassle and not particularly productive. Pick something more reasonable like every 3 months or 6 months. My 401k is managed by Fidelity (Net Benefits). I have a Roth IRA also setup at Fidelity. So, to do the in-service rollover is less t...
by ved
Thu Dec 21, 2017 11:16 am
Forum: Investing - Help with Personal Investments
Topic: Mega Backdoor questions
Replies: 54
Views: 4315

Re: Mega Backdoor questions

I think you'll find that doing a rollover every two weeks is a hassle and not particularly productive. Pick something more reasonable like every 3 months or 6 months. My 401k is managed by Fidelity (Net Benefits). I have a Roth IRA also setup at Fidelity. So, to do the in-service rollover is less t...
by ved
Wed Dec 13, 2017 11:49 am
Forum: Personal Finance (Not Investing)
Topic: Mega Backdoor Roth - Earnings
Replies: 2
Views: 454

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: 3304

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: 3304

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: 1440

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...