Search found 1181 matches

by harikaried
Wed Nov 14, 2012 11:52 pm
Forum: Investing - Help with Personal Investments
Topic: Any way to convert previous paychecks into 403b?
Replies: 12
Views: 1234

Re: Any way to convert previous paychecks into 403b?

I believe you can wait until filing time before doing a recharacterization Good to know. I've been checking out Publication 590, and it seems to confirm that. m But things are actually a bit trickier than they seem! So my wife's and my Roth IRAs combined will have a lower contribution limit than $1...
by harikaried
Tue Nov 13, 2012 4:40 pm
Forum: Personal Consumer Issues
Topic: Capitol One cashback vs Fidelity Rewards Visa
Replies: 14
Views: 1772

Re: Capitol One cashback vs Fidelity Rewards Visa

I'm transitioning from an old AmEx Blue Cash (5%/1%, $6.5k threshold) to a Priceline Visa 2% cash back. Note, there's two different Priceline Visas (managed by Barclays) where one is cash back and the other is points.
by harikaried
Mon Nov 12, 2012 9:14 pm
Forum: Personal Consumer Issues
Topic: iPad Mini or Similar?
Replies: 34
Views: 3399

Re: iPad Mini or Similar?

I just noticed that instead of getting an iPad Mini ($329), you could get a Nexus 7 ($199) and a Kindle Paperwhite ($119) and have $11 for some apps/books.
by harikaried
Sun Nov 11, 2012 3:06 pm
Forum: Investing - Help with Personal Investments
Topic: Any way to convert previous paychecks into 403b?
Replies: 12
Views: 1234

Re: Any way to convert previous paychecks into 403b?

Recharacterize your 2012 Roth contributions as trad IRA, and then convert back to Roth. That way, there's no phase out range. Right. That's what I'll need to do if I can't get the MAGI low enough. I'm just trying to see if there's anything easy enough to avoid that hassle. Do I need to do this in 2...
by harikaried
Sat Nov 10, 2012 11:52 pm
Forum: Investing - Help with Personal Investments
Topic: Any way to convert previous paychecks into 403b?
Replies: 12
Views: 1234

Re: Any way to convert previous paychecks into 403b?

HSA? One of the ways to reduce taxable income. I'm not familiar with HSAs, but if they're like FSAs, don't you need to determine ahead of time how much you're going to put towards it in the previous year? Or if they're tied to health insurance, changes would only be allowed during open enrollment, ...
by harikaried
Sat Nov 10, 2012 4:03 pm
Forum: Investing - Help with Personal Investments
Topic: Any way to convert previous paychecks into 403b?
Replies: 12
Views: 1234

Re: Any way to convert previous paychecks into 403b?

We've already put $5k each for Roth IRAs many months ago, but now that I've thought about it a bit more, it seems like we might need to calculate the details of whether or not we need to undo those contributions and instead do the backdoor. It seems like we might be just at the top end of the compl...
by harikaried
Tue Nov 06, 2012 10:43 am
Forum: Investing - Help with Personal Investments
Topic: Any way to convert previous paychecks into 403b?
Replies: 12
Views: 1234

Re: Any way to convert previous paychecks into 403b?

So just checking, there doesn't seem like much the school or the payroll can do, and we'll need to just work things out on our side?
by harikaried
Mon Nov 05, 2012 11:51 pm
Forum: Investing - Help with Personal Investments
Topic: Any way to convert previous paychecks into 403b?
Replies: 12
Views: 1234

Re: Any way to convert previous paychecks into 403b?

His and her deductible traditional IRAs? We've already put $5k each for Roth IRAs many months ago, but now that I've thought about it a bit more, it seems like we might need to calculate the details of whether or not we need to undo those contributions and instead do the backdoor. The school's payr...
by harikaried
Mon Nov 05, 2012 11:37 pm
Forum: Investing - Help with Personal Investments
Topic: Any way to convert previous paychecks into 403b?
Replies: 12
Views: 1234

Any way to convert previous paychecks into 403b?

The people who manage the school's payroll system have been slow to set up the 403b, and it seems impossible to max out the $17k for 2012 at this point. The payroll people said they could set up with whomever is convenient, so we've tried to set up with Vanguard then Fidelity (starting in fall 2011)...
by harikaried
Mon Nov 05, 2012 2:34 am
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting: average 1%/yr benefit since 2000?
Replies: 2
Views: 602

Tax Loss Harvesting: average 1%/yr benefit since 2000?

A friend just pointed me to Wealthfront, who announced their automatic tax loss harvesting a month ago. They provided a whitepaper giving some details of how they came up with their advertised "+1.0% better performance" (that "should not be relied upon for predicting future performanc...
by harikaried
Fri Oct 26, 2012 9:32 am
Forum: Personal Finance (Not Investing)
Topic: How to best pay back a $200k loan from the parents
Replies: 87
Views: 5805

Re: How to best pay back a $200k loan from the parents

I arranged with my parents that I'd pay them back over a 10 year period, with interest equivalent to a 5% return using an amortization schedule. I think there might just be a misunderstanding of terminology. (And I'm not sure if I have things right either.) It sounds like lightheir and parents agre...
by harikaried
Mon Oct 22, 2012 1:31 am
Forum: Personal Finance (Not Investing)
Topic: Refinance house?
Replies: 14
Views: 1436

Re: Refinance house?

Sounds like you should refinance, unless you are about to sell the house. Any particular reason for not refinancing if selling the house is soon? There are $0-cost refinance with some that result in cash back. It could free up monthly money in preparation to selling or reduce total expenses with a ...
by harikaried
Wed Oct 17, 2012 12:34 am
Forum: Personal Finance (Not Investing)
Topic: Cash Back Reward Credit Cards
Replies: 55
Views: 7375

Re: Cash Back Reward Credit Cards

boglerocks wrote:the Rewards tab only mentions: 2 Miles for every $1.00 Purchases
Did you apply from this page? https://www.pricelinevisa.com/ There may be multiple Priceline cards with different rewards structures.
by harikaried
Tue Oct 16, 2012 11:16 am
Forum: Investing - Help with Personal Investments
Topic: Regular Investments
Replies: 5
Views: 569

Re: Regular Investments

How about on her birthday, ¼ birthday, ½ birthday, and ¾ birthday? Just make sure you and she are clear about what it's for.
by harikaried
Sun Oct 14, 2012 12:58 am
Forum: Investing - Theory, News & General
Topic: Why doesn't the general public care about expense ratios?
Replies: 101
Views: 9109

Re: Why doesn't the general public care about expense ratios

I just saw a commercial yesterday where the Schwab guy said that some of their ETFs had costs even "lower than Vanguard." It's right on their home page now. "Schwab ETFs now have the lowest expense ratios in their respective Lipper categories. Lower than both Vanguard and SPDRs. Plus...
by harikaried
Fri Oct 12, 2012 11:25 am
Forum: Investing - Help with Personal Investments
Topic: Critique Our 2013 Financial Plan
Replies: 10
Views: 1757

Re: Critique Our 2013 Financial Plan

Or ~$3.3k for monthly expenses. (Don't forget about property tax, insurance, etc.) Yep that's our exact monthly budget. We've accounted for Gas, groceries, bills / utilities, prop tax & home insurance, and misc. spending / shopping plus some travel money. We don't have kids so our expenses are ...
by harikaried
Thu Oct 11, 2012 10:35 pm
Forum: Investing - Help with Personal Investments
Topic: What are Vanguards Largest Funds
Replies: 8
Views: 1670

Re: What are Vanguards Largest Funds

Any way to find out Vanguard's largest funds other than individually checking each funds net assets ? How recent of data do you want? Here's the assets in millions at the end of last year: m 4 VTSMX Vanguard Total Stock Mkt Idx Investor $62,667.7 5 VINIX Vanguard Institutional Index $58,398.8 10 VF...
by harikaried
Thu Oct 11, 2012 10:27 pm
Forum: Personal Consumer Issues
Topic: Whole Disk Encryption?
Replies: 37
Views: 2528

Re: Whole Disk Encryption?

I don't have much to hide, so no reason. My life is not encrypted either. -- Tet Have you ever entered in your social security number, home address, bank account information, passwords on your computer? How about browsing history or bookmarks? Some pieces might seem safe or trivial, but tiny hints ...
by harikaried
Thu Oct 11, 2012 2:15 pm
Forum: Investing - Help with Personal Investments
Topic: Critique Our 2013 Financial Plan
Replies: 10
Views: 1757

Re: Critique Our 2013 Financial Plan

Just doing a sanity check on funds for each month.. $141k gross income - $5.5k HSA - $17.5k 401k = $118k before tax $118k * (100% - 25% - 5.5%) = $82k after tax (definitely more with deductions and graduated tax brackets) $82k - $5k his Roth - $5k her Roth = $72k before debts $72k - $18k student loa...
by harikaried
Thu Oct 11, 2012 11:37 am
Forum: Personal Consumer Issues
Topic: Whole Disk Encryption?
Replies: 37
Views: 2528

Re: Whole Disk Encryption?

One way to think about it is if you only encrypt data that you care about, it makes it easy for an attacker to find the data you care about. Encrypt everything, and an attacker has no clues where to start.
by harikaried
Wed Oct 10, 2012 12:08 pm
Forum: Investing - Theory, News & General
Topic: Do you overweight emerging markets?
Replies: 83
Views: 8506

Re: Do you overweight emerging markets?

Personally I just don't think ex-US developed is enough different from the US to be worth it. I wonder if similar logic should be applied to the relative weighting of largecap-to-smallcap as developed-to-emerging? E.g., if largecap should be 2x smallcap, developed should be 2x emerging. So assuming...
by harikaried
Tue Oct 09, 2012 9:20 pm
Forum: Investing - Theory, News & General
Topic: Why doesn't the general public care about expense ratios?
Replies: 101
Views: 9109

Re: General public and Expense Ratios?

Mr. Bogle and Morningstar have conducted similar studies with the same conclusion. Interesting. I found this post on nytimes.com referencing the Morningstar study: m A few select quotes: Morningstar, in an act of radical and admirable transparency, recently put that assertion to the test and found ...
by harikaried
Tue Oct 09, 2012 7:29 pm
Forum: Investing - Theory, News & General
Topic: Why doesn't the general public care about expense ratios?
Replies: 101
Views: 9109

Re: Why doesn't the general public care about expense ratios

I told him that we already had lots of index funds in our 401(k) with expense ratios below 0.1%. He was completely unaware of those index funds. To be fair, if the list of investment choices is anything like mine, all it shows.. 1) investment category (large cap, international, etc) 2) inception da...
by harikaried
Tue Oct 09, 2012 5:21 pm
Forum: Investing - Theory, News & General
Topic: What is the return on stock vs real estate investing?
Replies: 64
Views: 5031

Re: What is the return on stock vs real estate investing?

It seems like one of the biggest but limited way to invest with real estate is with a primary residence. You get to exclude $500k of gains. The tricky part is that assuming equal growth across housing, the easiest way to make sure you reach the $500k gain is to buy a more expensive house. And of cou...
by harikaried
Tue Oct 09, 2012 1:53 pm
Forum: Investing - Help with Personal Investments
Topic: Front load 401k contributions or not?
Replies: 25
Views: 7396

Re: Front load 401k contributions or not?

Isn't this similar to lump sum vs DCA and hasn't it been proven that lump summing tends to be better? You also need to consider the alternative. If the 401k wasn't front-loaded, would one still be investing the after-tax dollars in a taxable account? Or similarly, if the 401k is front-loaded, then ...
by harikaried
Tue Oct 09, 2012 1:39 pm
Forum: Investing - Help with Personal Investments
Topic: Front load 401k contributions or not?
Replies: 25
Views: 7396

Re: Front load 401k contributions or not?

One benefit of front loading is you have fewer things to consider for potential wash sale conflicts later in the year.

One benefit of spreading out is that it gives you regular opportunities to rebalance to your asset allocation in a tax advantaged account.
by harikaried
Mon Oct 08, 2012 11:58 am
Forum: Investing - Help with Personal Investments
Topic: Help with fund selection in 401k to maintain AA
Replies: 10
Views: 728

Re: Help with fund selection in 401k to maintain AA

If I de-prioritize maintaining a certain mix you'd recommend getting rid of extended market first, then TISM? Is that because TISM is a "more different" asset class, compared to the 500 fund, than extended market? You can compare the past performance of VIFSX (Vanguard 500) vs VEXMN (Vang...
by harikaried
Mon Oct 08, 2012 1:44 am
Forum: Investing - Help with Personal Investments
Topic: Help with fund selection in 401k to maintain AA
Replies: 10
Views: 728

Re: Help with fund selection in 401k to maintain AA

all of my savings are currently going towards the "buy a house" fund. There's also the "get married" fund to consider Any expectations of when those will be? If you expect you'll be able to save twice as much as you'll need when you need it, you could just invest that money in a...
by harikaried
Mon Oct 08, 2012 1:19 am
Forum: Investing - Help with Personal Investments
Topic: Help with fund selection in 401k to maintain AA
Replies: 10
Views: 728

Re: Help with fund selection in 401k to maintain AA

Looks like you have no debts and are maxing both 401k and Roth, so what are you planning to do with your savings? Sounds like you'll have money to do taxable investing, and that's a good place to put international funds. So depending on how much you'll be able to invest in taxable accounts, you migh...
by harikaried
Sun Oct 07, 2012 6:13 pm
Forum: Personal Finance (Not Investing)
Topic: 0% capital gains rate -- Really?
Replies: 29
Views: 3067

Re: 0% capital gains rate -- Really?

In your scenario you are effectively paying ordinary income tax on $10k of those gains. Think about it. Ah, I see. I guess it depends on how much carryover losses you have and how much you can tax gain harvest. E.g., if you had $1 carryover loss and $88,001 in long term gains to realize to pay 0%, ...
by harikaried
Sun Oct 07, 2012 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: 0% capital gains rate -- Really?
Replies: 29
Views: 3067

Re: 0% capital gains rate -- Really?

"...my last year's tax had capital loss..." You're out of luck. You cannot tax gain harvest. Why not? Doesn't the previous year's losses just reduce the amount of capital gains from this year, so you can actually tax gain harvest even more? Using TaxCaster m $88k in long term capital gain...
by harikaried
Sun Oct 07, 2012 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: Refi freed up $500: Mortgage, 401k, or Taxable
Replies: 18
Views: 1410

Re: Refi freed up $500: Mortgage, 401k, or Taxable

we're already contributing over 20% of $130,000 worth of salaries to tax advantaged space and still have room for much, much more before we max out 401k space So you're currently contributing $26k combined out of a maximum 401k contribution of $17k * 2 for 2012. You seemed to use a 25% tax rate whe...
by harikaried
Sun Oct 07, 2012 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: 0% capital gains rate -- Really?
Replies: 29
Views: 3067

Re: 0% capital gains rate -- Really?

Nowhere in that process does there seem to be an "enter 0 if your tax rate is 15% or less". See Schedule D Tax Worksheet (2011): 20. Subtract line 17 from line 16. This amount is taxed at 0% Where a few lines before that says to enter.. $34,500 if single or married filing separately; $69,...
by harikaried
Fri Oct 05, 2012 8:16 pm
Forum: Personal Finance (Not Investing)
Topic: Amex Blue Cash Everyday VS Amex Fido 2% cash back...
Replies: 40
Views: 15535

Re: Amex Blue Cash Everyday VS Amex Fido 2% cash back...

If you're looking for 2% cash back, the Priceline Visa might be a good option: m I switched to it recently to simplify my credit cards while increasing overall cash back. (Almost 60% of my charges fall into the "rest/others/no-category" category, so 2% instead of 1% makes a big difference,...
by harikaried
Thu Oct 04, 2012 5:26 pm
Forum: Personal Consumer Issues
Topic: Why your rewards card is killing the economy
Replies: 22
Views: 1802

Re: Why your rewards card is killing the economy

The main point of the article is that credit cards lead to merchants raising their prices to cover the credit card fees and in the big picture, this means money is leaving the local economy (made up of you and your local merchants) and going to the credit card companies. So using that thinking, it s...
by harikaried
Thu Oct 04, 2012 4:52 pm
Forum: Investing - Theory, News & General
Topic: The Largest Stock Funds
Replies: 5
Views: 774

Re: The Largest Stock Funds

Firewood42 wrote:What ever happened to Fidelity Magellan
The last time it was in this list of top 75 funds by assets was Q1 2012 in the April 4th report. http://online.wsj.com/mdc/public/page/2 ... 20404.html

It had $16.5 billion in assets then.

The cutoff for Q2 2012 top 75 (July 6th) was $15.2 billion. http://online.wsj.com/mdc/public/page/2 ... 20706.html

The current net assets for FMAGX is around $14.8 billion.
by harikaried
Thu Oct 04, 2012 3:21 pm
Forum: Personal Finance (Not Investing)
Topic: Rule of Thumb...Credit Card Limit
Replies: 52
Views: 6364

Re: Rule of Thumb...Credit Card Limit

roymeo wrote:"I'd rather raise the limit on this account rather than opening up another account with someone else."
I suppose going along that line of thinking to entice the credit union... "I'd rather pay 20% interest to you than opening a credit card with some big bank!" ;)
by harikaried
Thu Oct 04, 2012 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: lots of debt and lots of time...what would you do..
Replies: 24
Views: 2409

Re: lots of debt and lots of time...what would you do..

I think I am going to put another 5k-10k down next month and recast the loan again to get the minimum payment to ~ $350 a month Assuming the current 1.625% rate for 20 years after recasting the loan, every $5k principle you pay off reduces the monthly payments by about $24. This means you need to g...
by harikaried
Thu Oct 04, 2012 9:54 am
Forum: Investing - Help with Personal Investments
Topic: Do I rebalance when I add to taxable?
Replies: 11
Views: 917

Re: Do I rebalance when I add to taxable?

I do like to use contributions to nudge things back in the right direction, rather than moving things more out-of-balance I think the issue is mainly that you're generally adding international and not bonds to the taxable account, so that causes you to be more out-of-balance. Vanguard has a paper s...
by harikaried
Wed Oct 03, 2012 3:05 pm
Forum: Investing - Theory, News & General
Topic: The Largest Stock Funds
Replies: 5
Views: 774

Re: The Largest Stock Funds

Here's a link to the listing in the 3rd Quarterly Funds Analysis Report: m And the top 10 by assets ($millions): Vanguard T StMk Idx;Inv VTSMX $197,315.3 Vanguard 500 Index;Adm VFIAX 115,764.0 American Funds Gro;A AGTHX 114,773.6 Vanguard Instl Indx;Inst VINIX 114,185.1 SPDR S & P 500 ETF SPY 10...
by harikaried
Tue Oct 02, 2012 7:32 pm
Forum: Personal Finance (Not Investing)
Topic: Rule of Thumb...Credit Card Limit
Replies: 52
Views: 6364

Re: Rule of Thumb...Credit Card Limit

I don't think you need more than 10K Credit Karma gives an "A" grade for open credit card utilization between 1-20%. So one way to look at that is to set your credit limit to 5x whatever the most you normally/expect to spend on all your cards combined. They also note that this (credit uti...
by harikaried
Tue Oct 02, 2012 1:39 pm
Forum: Personal Finance (Not Investing)
Topic: Rule of Thumb...Credit Card Limit
Replies: 52
Views: 6364

Re: Rule of Thumb...Credit Card Limit

Now my wife and I have to go back in and talk to a loan officer to get the limit raised. I don't like having to explain to someone why I want to raise our limit... Why not just say you're looking to reduce your utilization percent? If you're going to have a conversation with someone at the credit u...
by harikaried
Tue Oct 02, 2012 1:33 pm
Forum: Investing - Help with Personal Investments
Topic: Prepay loans or invest in taxable?
Replies: 26
Views: 1868

Re: Prepay loans or invest in taxable?

Ask yourself: if you owned your home free and clear, would you take out a mortgage and invest that money in taxable? If you would not do that, and also would not prepay your mortgage, you are not being consistent. I think another way to look at the situation is, if you were renting a home for the s...
by harikaried
Tue Oct 02, 2012 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: student loans vs investing?
Replies: 15
Views: 1723

Re: student loans vs investing?

Even by deducting 17K, I would still be in the 28% tax bracket 401k contributions are not deductions. The money you contribute to your 401k is not reported as earned income/wages. The alternative is if you didn't contribute $17k to your 401k, you would be paying income tax ($5.6k) on that, so you w...
by harikaried
Tue Oct 02, 2012 11:57 am
Forum: Personal Finance (Not Investing)
Topic: Rule of Thumb...Credit Card Limit
Replies: 52
Views: 6364

Re: Rule of Thumb...Credit Card Limit

For your credit score, it helps to have higher limits in that whenever you do use the cards, a smaller percentage of your total credit limit is reported as used. So with this line of thinking, you should try to increase your credit limit as much as possible. However having a higher limit doesn't mea...
by harikaried
Tue Oct 02, 2012 10:19 am
Forum: Personal Finance (Not Investing)
Topic: student loans vs investing?
Replies: 15
Views: 1723

Re: student loans vs investing?

Have you calculated what your 401k would need to return to break even? If you assume that you'll be able to pay $0 income tax in retirement , then you should definitely put money in the 401k over getting it taxed now. This means even if the money put in the 401k doesn't grow, you'll have ~50% [1-(1...
by harikaried
Mon Oct 01, 2012 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: student loans vs investing?
Replies: 15
Views: 1723

Re: student loans vs investing?

Tax Rate: 28% Federal, 5% Illinois I currently have 3K a month to spend on student loans and/or investing. You can look at the amount of money at a pre-tax level which would be ~$4.5k ($3000 / (1 - .28 - .05)). The maximum you can contribute to your 401k is $17k for 2012 and maybe $17.5k for 2013. ...
by harikaried
Sun Sep 30, 2012 10:38 pm
Forum: Personal Finance (Not Investing)
Topic: Pay bills when they are due or ASAP?
Replies: 39
Views: 4104

Re: Pay bills when they are due or ASAP?

I pay my bills (that can't be paid by credit card) on the same day that I pay for all my other bills. I make one transfer out of savings into checking, which I use for scheduled payments, in one chunk to cover utilities, credit card payments, etc.
by harikaried
Fri Sep 28, 2012 4:01 pm
Forum: Investing - Help with Personal Investments
Topic: $250K in cash -- How to invest now?
Replies: 21
Views: 2541

Re: $250K in cash -- How to invest now?

wasn't really thinking about the $100K at this point, but suppose I should You can include that in your asset allocation. For example, if you're willing to put 60% of overall assets in riskier stocks, you have 40% for less riskier assets. You can split this half/half cash and bonds just like splitt...