Search found 189 matches

by noraz123
Mon Apr 16, 2018 2:34 am
Forum: Investing - Theory, News & General
Topic: China Hustle Movie
Replies: 35
Views: 4995

Re: China Hustle Movie

Thanks for posting, I will be watching this later this week! This hits home for me. In 2010, I helped a friend from business school who ran an Emerging Markets fund at a mid-size money manager launch his own emerging markets hedge fund. It was a quant-oriented fund, and the fraud in these reverse me...
by noraz123
Fri Apr 13, 2018 12:00 am
Forum: Personal Finance (Not Investing)
Topic: Wanting to leave Fidelity
Replies: 97
Views: 11408

Re: Wanting to leave Fidelity

I'd stick with Fidelity, or if you move, go with Schwab. I have accounts at all three. Other than low cost funds, Vanguard doesn't outshine the others. I have found customer service to be much better at both Fidelity and Charles Schwab.
by noraz123
Mon Mar 26, 2018 2:41 pm
Forum: Personal Finance (Not Investing)
Topic: Gifting Appreciated Stocks to Grandparent to pay Child's Private School Tuition
Replies: 121
Views: 7482

Re: Gifting Appreciated Stocks to Grandparent to pay Child's Private School Tuition

Let's put it this way - is the $40k you'd save on taxes enough to pay for the lawyers you'd have to hire to maybe convince the IRS that this isn't what you're doing? I'm guessing not. I think that's the wrong way to look at it. In this case, it seems to be a step transaction, but in areas where it ...
by noraz123
Sat Mar 24, 2018 12:31 am
Forum: Investing - Help with Personal Investments
Topic: Kaiser doctors, get in here :)
Replies: 4
Views: 1909

Re: Kaiser doctors, get in here :)

My wife works at Kaiser North California (TPMG), and the retirement benefits are excellent. She maxes out her 401k and does the mega backdoor Roth IRA, too. She has yet to take advantage of the deferred compensation plan,but we're looking into that as well. No idea how many Kaiser docs are on this f...
by noraz123
Fri Mar 23, 2018 10:32 pm
Forum: Investing - Theory, News & General
Topic: Pls Help me understand 2018 SALT deductions.
Replies: 17
Views: 2037

Re: Pls Help me understand 2018 SALT deductions.

The Wizard wrote:
Fri Mar 23, 2018 10:21 pm
...and what does "forging standard deduction" mean?
I assume the OP meant forgoing.
by noraz123
Tue Mar 20, 2018 8:08 am
Forum: Personal Consumer Issues
Topic: ZVOX AccuVoice TV speaker
Replies: 3
Views: 366

Re: ZVOX AccuVoice TV speaker

I have a ZVOX speaker - the ZVOX 550. It is probably 10 years old but I love it. It's a single speaker, handles both high/low frequencies (ie, is both the bass and higher sounds). It replaced my stereo speakers, when I bought an Apple TV, which then replaced my stereo. I cannot speak for the AccuVoi...
by noraz123
Sat Mar 17, 2018 2:58 pm
Forum: Investing - Help with Personal Investments
Topic: Help with how to respond to CP2000.
Replies: 28
Views: 3473

Re: Help with how to respond to CP2000.

Thanks for the details. I saw that option in TT and read somewhere about it, but didn't look too deeply. I just assumed that you were still required to send in an attachment listing each transaction... If you file by mail, this is true. But if you file electronically, you don't send in 1099s. Perha...
by noraz123
Sat Mar 17, 2018 1:16 pm
Forum: Personal Consumer Issues
Topic: [What UN-frugal thing do you do? What do you splurge on?]
Replies: 567
Views: 40133

Re: [What UN-frugal thing do you do? What do you splurge on?]

I bought a powerball lottery ticket today. Less with the hope of winning, and more the fun I have daydreaming of what I could do if I won... Backdoor Roth IRAs ($5500 or $11000 if married) would seem trivial compared to >$100m. But pretty sure I'd still do it. I will buy a ticket once or twice a yea...
by noraz123
Sat Mar 17, 2018 12:56 pm
Forum: Investing - Help with Personal Investments
Topic: Exercise ISOs or walk away?
Replies: 20
Views: 1852

Re: Exercise ISOs or walk away?

Thanks. This is getting to the heart of the question. I often see Bogleheads advise people against thinking they can predict price movements of individual stocks that they have knowledge about because they have worked at the company or in the industry. 2 usual reasons: 1) overconcentration of risk ...
by noraz123
Fri Mar 16, 2018 6:08 pm
Forum: Investing - Help with Personal Investments
Topic: Exercise ISOs or walk away?
Replies: 20
Views: 1852

Re: Exercise ISOs or walk away?

There is one other thing to consider when you think about "losing it all." Should the company ever go bankrupt/out of business, your loss becomes a capital gain loss. You can use this to offset future gains, or use a carry forward and deduct $3K/year of income. So there is some "upside to the downsi...
by noraz123
Fri Mar 16, 2018 6:03 pm
Forum: Investing - Help with Personal Investments
Topic: Help with how to respond to CP2000.
Replies: 28
Views: 3473

Re: Help with how to respond to CP2000.

... btw, for a lot of transactions, TT will import a .txf file. For simple cases, you can create a .csv file and convert it to a .txf file using this site http://www.easytxf.com/ This is a pro tip! Thanks. Hoping that I won't need this going forward, but VERY nice to know it is an option if needed.
by noraz123
Fri Mar 16, 2018 10:44 am
Forum: Investing - Help with Personal Investments
Topic: Help with how to respond to CP2000.
Replies: 28
Views: 3473

Re: Help with how to respond to CP2000.

In your and OP's cases, was the transaction reported on the original return at all? I.e. did you include it with the correct basis and the IRS complained and changed it to 0, or was it left off completely due to an oversight and the IRS caught it and just assigned a default basis of 0? I can see th...
by noraz123
Thu Mar 15, 2018 4:23 pm
Forum: Investing - Help with Personal Investments
Topic: Exercise ISOs or walk away?
Replies: 20
Views: 1852

Re: Exercise ISOs or walk away?

The big open question is whether they would ever be worth anything. The shares will be completely illiquid unless the company went public or sold. They could go to zero without ever becoming liquid. The company refuses to provide any information about fair value, number of shares outstanding, or di...
by noraz123
Wed Mar 14, 2018 1:29 am
Forum: Investing - Help with Personal Investments
Topic: Help with how to respond to CP2000.
Replies: 28
Views: 3473

Re: Help with how to respond to CP2000.

May I know what was your response? Did you end up paying the full amount, part of it, or none of it? I can't speak for Easy Rhino, but I had the exact same issue last year. I had two issues actually - the irs seeing $0 cost basis when it wasn't and I also missed reporting $80 of dividends. I wrote ...
by noraz123
Sun Mar 11, 2018 10:12 pm
Forum: Personal Finance (Not Investing)
Topic: Switching jobs - out of luck with unspent (dependent care) FSA?
Replies: 14
Views: 1352

Re: Switching jobs - out of luck with unspent (dependent care) FSA?

I've never heard of this rule before. Why don't you submit the claim? Worse thing is that you get rejected. I think that I will do just this. However, there is a downside in that if there were no dependent care FSA, I likely wouldn't use any nanny or short term help. We have a daycare provider that...
by noraz123
Sun Mar 11, 2018 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: Switching jobs - out of luck with unspent (dependent care) FSA?
Replies: 14
Views: 1352

Switching jobs - out of luck with unspent (dependent care) FSA?

My wife is due any day now with our first child. To save on taxes, I signed up for a dependent care FSA account at the beginning of the year. In retrospect, this was a mistake, as I now know that I could/should have signed up after the child was born. To compound matters, I am going to be switching ...
by noraz123
Mon Mar 05, 2018 4:39 pm
Forum: Investing - Help with Personal Investments
Topic: Mega Backdoor Roth - tax reporting question - no 1099-R?
Replies: 7
Views: 1093

Re: Mega Backdoor Roth - tax reporting question - no 1099-R?

I have to say this is a problem with Fidelity. It is NOT obvious how to find the 1099-R. And to compound matters, it doesn't show in the main Fidelity.com site, even though it is linked. If anyone like me has trouble finding this, I recommend contacting Fidelity support rep. I was able to use the ch...
by noraz123
Sun Mar 04, 2018 10:54 am
Forum: Investing - Help with Personal Investments
Topic: Best way to short the equity market
Replies: 93
Views: 5621

Re: Best way to short the equity market

... Diversification into multiple index funds won't save me from a multi-year bear market (systematic risk/market risk) it will only reduce my Unsystematic risk. If you want to remove yourself from systematic risk, one option would be to get out of the system - don't hold any equities. While not as...
by noraz123
Sat Mar 03, 2018 11:18 am
Forum: Investing - Theory, News & General
Topic: Fully Fund IRA before Taxable or Avg over year?
Replies: 10
Views: 690

Re: Fully Fund IRA before Taxable or Avg over year?

MotoTrojan wrote:
Fri Mar 02, 2018 1:08 pm

This. If investing >$66K/yr I assume you are doing a backdoor Roth, otherwise no other form of IRA really makes sense.
I think that you may have misread OP's question. I think that he is talking about investing $5500/year, not per month (which is $66K/year).
by noraz123
Fri Mar 02, 2018 5:28 pm
Forum: Personal Consumer Issues
Topic: Comparison of On-Demand TV Provider features
Replies: 13
Views: 871

Re: Comparison of On-Demand TV Provider features

Even though I would recommend leaving Comcast for Sonic, with the new competition, Comcast is likely to negotiate more. It may be easiest to save yourself any switching and call Comcast retention department for any discounts. With that said, there are a slew of TV providers that are internet-based, ...
by noraz123
Tue Feb 27, 2018 1:07 am
Forum: Investing - Theory, News & General
Topic: Limits of index funds vs active funds in down markets?
Replies: 34
Views: 2933

Re: Limits of index funds vs active funds in down markets?

The author takes the position that active funds may perform better than index funds in down markets in part bc managers can keep more cash on hand than do index funds. I don't think that this is mathematically possible. William Sharpe said it best: If "active" and "passive" management styles are de...
by noraz123
Fri Feb 23, 2018 12:06 am
Forum: Investing - Help with Personal Investments
Topic: Employee Stock Purchase Plan - is this even valuable/worth it?
Replies: 34
Views: 2680

Re: Employee Stock Purchase Plan - is this even valuable/worth it?

Also remember that the benefit occurs twice a year. Combined with the time weighted average mentioned above, my back of the napkin calculations says you would need about a 22% yearly rate on the 10% cash reserved from your salary in order to gain the same benefit of 1/(1-.05) once every six months....
by noraz123
Wed Feb 21, 2018 9:02 pm
Forum: Investing - Help with Personal Investments
Topic: Employee Stock Purchase Plan - is this even valuable/worth it?
Replies: 34
Views: 2680

Re: Employee Stock Purchase Plan - is this even valuable/worth it?

Also remember that the benefit occurs twice a year. Combined with the time weighted average mentioned above, my back of the napkin calculations says you would need about a 22% yearly rate on the 10% cash reserved from your salary in order to gain the same benefit of 1/(1-.05) once every six months....
by noraz123
Wed Feb 21, 2018 8:52 pm
Forum: Investing - Help with Personal Investments
Topic: Employee Stock Purchase Plan - is this even valuable/worth it?
Replies: 34
Views: 2680

Re: Employee Stock Purchase Plan - is this even valuable/worth it?

codedude wrote:
Wed Feb 21, 2018 7:57 pm
You need to be disciplined about the selling immediately part. In my pre-bogleheads days, I would not pay attention and keep the stock and take unneeded risks, which is a no-no.
Agreed! A good portion of my compensation will be Megacorp stock, so all the more reason to sell as soon as possible.
by noraz123
Wed Feb 21, 2018 7:12 pm
Forum: Investing - Help with Personal Investments
Topic: Employee Stock Purchase Plan - is this even valuable/worth it?
Replies: 34
Views: 2680

Re: Employee Stock Purchase Plan - is this even valuable/worth it?

triceratop wrote:
Wed Feb 21, 2018 7:06 pm
The dollar-weighted average amount of time you do not have access to your funds is 3 months. The risk-free 3-month rate is currently 1.64%. I would do it.
Thanks. Much appreciate the advice. :sharebeer
by noraz123
Wed Feb 21, 2018 7:00 pm
Forum: Investing - Help with Personal Investments
Topic: Employee Stock Purchase Plan - is this even valuable/worth it?
Replies: 34
Views: 2680

Employee Stock Purchase Plan - is this even valuable/worth it?

My (very likely) potential employer has an ESPP. I am trying to evaluate if it is worthwhile. The details: Stock is purchased at a 5% discount Stock is purchased twice year Stock purchase price is the lowest intraday price for the day of purchase I can sell the next day after purchase I can contribu...
by noraz123
Wed Feb 21, 2018 6:42 pm
Forum: Investing - Theory, News & General
Topic: Any downside to back-door Roth regardless of income?
Replies: 12
Views: 1176

Re: Any downside to back-door Roth regardless of income?

If your end goal is to make a Roth contribution, then this might make it easier. But I could imagine some people being at threshold and preferring to make a traditional IRA contribution vs. Roth, as they hope/expect to be in a lower tax bracket when making withdrawals. I don't disagree but it's the...
by noraz123
Wed Feb 21, 2018 6:36 pm
Forum: Personal Consumer Issues
Topic: Potential employer wants me to give offer - how to respond?
Replies: 63
Views: 6637

Re: Potential employer wants me to give offer - how to respond?

I wanted to give an update. I gave my numbers, 30% more in total compensation. They agreed , and looks like I will be joining Megacorp, albeit I am now waiting on formal written offer. I imagine you are having second thoughts about what you proposed, since they agreed with no modifications or pushb...
by noraz123
Wed Feb 21, 2018 6:11 pm
Forum: Investing - Theory, News & General
Topic: Any downside to back-door Roth regardless of income?
Replies: 12
Views: 1176

Re: Any downside to back-door Roth regardless of income?

I was wondering, is there any reason not to simply make a non-deductible traditional IRA contribution, immediately convert to Roth, and file your relevant tax forms at the end of the year? Maybe you end up making less than the threshold, maybe more, but if you do it this way it doesn't matter, righ...
by noraz123
Wed Feb 21, 2018 1:45 am
Forum: Investing - Help with Personal Investments
Topic: Whole life->variable life or cash out
Replies: 4
Views: 549

Re: Whole life->variable life or cash out

If the taxes wouldn't be such a big deal, it wouldn't be worth the trouble and opportunity cost of rolling it into another bad investment. +1 to what Pajamas said. If the cash value is only $6K, at worst you would only pay taxes on that. However, when calculating taxes, I believe that you can subtr...
by noraz123
Wed Feb 21, 2018 1:16 am
Forum: Personal Consumer Issues
Topic: Potential employer wants me to give offer - how to respond?
Replies: 63
Views: 6637

Re: Potential employer wants me to give offer - how to respond?

I wanted to give an update. I gave my numbers, 30% more in total compensation. They agreed, and looks like I will be joining Megacorp, albeit I am now waiting on formal written offer.

Thanks everyone for the help and advice, much appreciated.
by noraz123
Thu Feb 15, 2018 10:36 am
Forum: Personal Consumer Issues
Topic: Potential employer wants me to give offer - how to respond?
Replies: 63
Views: 6637

Re: Potential employer wants me to give offer - how to respond?

FoolMeOnce wrote:
Fri Feb 09, 2018 3:47 pm

So.....what happened? "Enquiring minds" and all.
I gave them numbers 30% more, and am now waiting to hear back. Things move slowly at megacorp. :happy
by noraz123
Mon Feb 05, 2018 5:07 pm
Forum: Personal Consumer Issues
Topic: Potential employer wants me to give offer - how to respond?
Replies: 63
Views: 6637

Re: Potential employer wants me to give offer - how to respond?

As mentioned, I sent a note yesterday saying that I would consider total compensation, not tied to any number, etc. They replied back with this: Next steps are you just need to let me know what comp package (base/sign on/RSU combo) it would take for you to make the move. Have you decided yet? I'm th...
by noraz123
Mon Feb 05, 2018 4:54 pm
Forum: Personal Consumer Issues
Topic: Potential employer wants me to give offer - how to respond?
Replies: 63
Views: 6637

Re: Potential employer wants me to give offer - how to respond?

I've hired a lot of people over time (not on the HR side) and once you come in with a certain salary level-set, getting an adjustment in many companies is very very hard so it's best (for the employee) to come in as high as possible with leverage Agree. Also, Megacorp in this case is not well known...
by noraz123
Sun Feb 04, 2018 11:38 pm
Forum: Personal Consumer Issues
Topic: Potential employer wants me to give offer - how to respond?
Replies: 63
Views: 6637

Re: Potential employer wants me to give offer - how to respond?

How about telling your current employer that Megacorp has approached you, then see if you can't get a salary bump to stay with your employer ? My personal philosophy is to never, ever take a counter-offer. Either don't look for new work (and ignore recruiters), or else know what you need to make a ...
by noraz123
Sun Feb 04, 2018 5:55 pm
Forum: Personal Consumer Issues
Topic: Potential employer wants me to give offer - how to respond?
Replies: 63
Views: 6637

Potential employer wants me to give offer - how to respond?

I recently interviewed with Megacorp, and things have gone well. They have said they'd like to make an offer. However, instead of making an offer, they asked "what it would take" for me to join. Essentially, they want me to throw out the first offer. I am not sure what to say. I do not want to give ...
by noraz123
Wed Jan 31, 2018 6:26 pm
Forum: Personal Finance (Not Investing)
Topic: Indexed Universal Life Question
Replies: 15
Views: 1379

Re: Indexed Universal Life Question

A note of congratulations. 5 years to breakeven is excellent. This is the best (shortest) breakeven periods of which I have ever heard for any cash value life insurance policy. My own permanant life policies are 20 years to breakeven (not including inflation). This. Moreover, since you already at b...
by noraz123
Sat Jan 27, 2018 10:34 pm
Forum: Investing - Help with Personal Investments
Topic: Holding stock in certificates --> good reasons to do this?
Replies: 15
Views: 1402

Re: Holding stock in certificates --> good reasons to do this?

I was surprised at Celia's comment. The fact he is a trust and estates attorney in no way suggests he likely has a trust in his estate plans. Gill Gill - you are spot on. I spoke with my father today, and from what I can understand, he has no trust setup to avoid probate. I do believe that he has a...
by noraz123
Sat Jan 27, 2018 11:59 am
Forum: Investing - Help with Personal Investments
Topic: Holding stock in certificates --> good reasons to do this?
Replies: 15
Views: 1402

Re: Holding stock in certificates --> good reasons to do this?

I have a lot in common with your father, being a trusts and estates attorney, an experienced investor and approaching the same age. While I have everything at Vanguard and Treasury Direct, I can understand his feeling of comfort having his stock holdings in paper certificate form. My father had his...
by noraz123
Thu Jan 25, 2018 3:28 pm
Forum: Investing - Help with Personal Investments
Topic: Holding stock in certificates --> good reasons to do this?
Replies: 15
Views: 1402

Holding stock in certificates --> good reasons to do this?

Background My parents are getting up in age (80+). My father manages the finances, albeit my mother knows how much and what they own. About 1/3 of my parents' portfolio is stock held in certificate (14 individual stocks). Also worth noting - my father is quite stubborn, and also an estate attorney ...
by noraz123
Sat Jan 20, 2018 5:37 am
Forum: Investing - Help with Personal Investments
Topic: RSU Income and IRA Eligibilty
Replies: 2
Views: 361

Re: RSU Income and IRA Eligibilty

My question is: Will my spouse and I be able to contribute to a Traditional IRA assuming the income generated from the RSUs is above $13,000 (we are both over 50)? Yes. If this is reported as w2 income. A second question is: Assuming the Traditional IRA is allowed, how long should we wait before co...
by noraz123
Thu Jan 11, 2018 3:52 pm
Forum: Investing - Help with Personal Investments
Topic: Account Proliferation - any tips to manage or combat?
Replies: 7
Views: 768

Re: Account Proliferation - any tips to manage or combat?

I select the same set of investments for all of our tax deferred accounts. Even if you have many accounts you can still try to minimize the number of different funds. Tyler - Agree. I do this when I can. However, another issue I had with the TD Ameritrade account is that there was a sales commissio...
by noraz123
Thu Jan 11, 2018 3:47 pm
Forum: Investing - Help with Personal Investments
Topic: Account Proliferation - any tips to manage or combat?
Replies: 7
Views: 768

Re: Account Proliferation - any tips to manage or combat?

My reason to do these type simplification activities is two-fold. As I age my mental faculties will decrease, I believe. Second, my estate will require much less effort to handle, as everything is at two institutions. Wife's accounts are held like mine as well. Broken Man - this is exactly this use...
by noraz123
Thu Jan 11, 2018 1:04 pm
Forum: Investing - Help with Personal Investments
Topic: Account Proliferation - any tips to manage or combat?
Replies: 7
Views: 768

Account Proliferation - any tips to manage or combat?

I just opened an HSA account for the first time this. Based on recommendations from this forum, I went with Lively, which uses a TD Ameritrade account to manage/invest contributions. This has obviously added to the numerous accounts DW and I already have (personal vs. joint, savings vs. checkings vs...
by noraz123
Wed Jan 03, 2018 7:21 pm
Forum: Investing - Theory, News & General
Topic: Non Public-traded REIT nightmare continues
Replies: 18
Views: 3106

Re: Non Public-traded REIT nightmare continues

+1. These are awful investments that are sold, not bought. My wife was sold into one of these REITs. Fortunately, it went public, so was able to liquidate (and fire her financial advisor). No idea what the return was, but my guess was after expenses, it was below the market return. Private REITs and...
by noraz123
Fri Sep 29, 2017 3:49 am
Forum: Investing - Theory, News & General
Topic: See SAM for advice - SmartAboutMoney
Replies: 8
Views: 1717

Re: See SAM for advice - SmartAboutMoney

bobcat2 wrote:
Wed Sep 27, 2017 9:45 pm
For free, solid, and unbiased personal finance advice visit...
Bogleheads.org is how I'd complete your sentence. :sharebeer
by noraz123
Thu Sep 21, 2017 6:42 pm
Forum: Personal Finance (Not Investing)
Topic: How long for a wire transfer to settle/be available at Vanguard?
Replies: 5
Views: 870

Re: How long for a wire transfer to settle/be available at Vanguard?

I've never done a wire transfer, but when I initiate ACH transfers at Vanguard, the money shows up immediately when I request the ACH transfer (although it hasn't even been debited from the bank yet). But I cannot transfer the money out, only use it to buy other Vanguard funds. This is my experienc...
by noraz123
Thu Sep 21, 2017 5:24 pm
Forum: Personal Finance (Not Investing)
Topic: How long for a wire transfer to settle/be available at Vanguard?
Replies: 5
Views: 870

Re: How long for a wire transfer to settle/be available at Vanguard?

The funds were probably already available, since you don't have to have money in your settlement account to use it. If it shows as a credit, then it is usually available. Did you try to use it? Thanks for the quick reply I did try to use them. I didn't try to buy funds at Vanguard, but rather I tri...
by noraz123
Thu Sep 21, 2017 4:41 pm
Forum: Personal Finance (Not Investing)
Topic: How long for a wire transfer to settle/be available at Vanguard?
Replies: 5
Views: 870

How long for a wire transfer to settle/be available at Vanguard?

I received an incoming wire transfer to my Vanguard brokerage account yesterday morning. The funds still show listed in the debits/credit amount, and not in my settlement fund. I am unable to transfer any of the funds out yet. I have a sent a message to Vanguard asking when they funds will be availa...
by noraz123
Tue Aug 29, 2017 1:57 am
Forum: Investing - Help with Personal Investments
Topic: Asset allocation suggested by Personal Capital
Replies: 2
Views: 883

Re: Asset allocation suggested by Personal Capital

Personal Capital (the website, not a personal advisor) recommended that I own more stocks and said my portfolio was too conservative. I'm 43 years old, have my risk tolerance set to "moderate" and am currently 15% bonds. From Personal Capital: A globally diversified portfolio can be an effective way...