Search found 331 matches

by pasadena
Sat Mar 09, 2019 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: Budget help
Replies: 54
Views: 3317

Re: Budget help

If it's really tough, I would start by getting rid of the personal services, or drastically reduce that item, as much as possible. Then review this after the HELOC is paid off and/or the chid care decreases. - Food: $1,000 a month. Buy 1/2 at Wal-mart Grocery, 1/2 at Costco. - Gasoline/car maintena...
by pasadena
Sat Mar 09, 2019 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: Budget help
Replies: 54
Views: 3317

Re: Budget help

If it's really tough, I would start by getting rid of the personal services, or drastically reduce that item, as much as possible. Then review this after the HELOC is paid off and/or the chid care decreases.
by pasadena
Sat Mar 09, 2019 11:11 am
Forum: Personal Finance (Not Investing)
Topic: Taxes on Large Bonus
Replies: 28
Views: 2191

Re: Taxes on Large Bonus

Good catch. Yes, it will be over $1M in a lump sum. It could be this year or next year, but will happen in one of those years. The amount will be between $1.5M and $2.5M Then you probably don't have to worry about the safe harbor rule? Do you think that you could have it divided in two years? If so...
by pasadena
Sat Mar 09, 2019 11:04 am
Forum: Personal Finance (Not Investing)
Topic: Savings Rate
Replies: 97
Views: 7989

Re: Savings Rate

I came up with a rate by first assessing my current situation and laying down my goals. Then I ran the numbers. It's just... math. I came up with a number of absolute rules (e.g. always max out 401(k), backdoor Roth and HSA while I have an income that allows me to do that without living under a brid...
by pasadena
Sat Mar 09, 2019 10:53 am
Forum: Personal Finance (Not Investing)
Topic: Taxes on Large Bonus
Replies: 28
Views: 2191

Re: Taxes on Large Bonus

Just to be clear. I will owe about $55K in taxes for 2018 in total. I will likely owe more than $1M in taxes in 2019, in total. If I withhold $55K+10% throughout the year, I will not face an underpayment penalty? I will then owe like $900K in April. And that's okay? I will check with a CPA, but wan...
by pasadena
Wed Mar 06, 2019 3:24 pm
Forum: Personal Investments
Topic: Stuck in analysis paralysis
Replies: 18
Views: 1268

Re: Stuck in analysis paralysis

To get past the paralysis, just jump in with your plan and then, keep thinking about it to your heart's content until you settle on a long-term plan. It's a Roth, so you can change your mind without consequences. Then once you're satisfied with your long-term plan, and confident in your knowledge, w...
by pasadena
Wed Mar 06, 2019 12:53 pm
Forum: Personal Consumer Issues
Topic: First “financial” thing you do in the morning
Replies: 80
Views: 6133

Re: First “financial” thing you do in the morning

I check and update YNAB. Then sometimes during my morning routine (read: coffee) I check the markets (with the mindset of, "what's going on today?")
by pasadena
Sun Mar 03, 2019 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: Over-contributed to 401k. Need to do anything?
Replies: 9
Views: 885

Re: Over-contributed to 401k. Need to do anything?

I had the same issue, except it was $2k instead of $250. I sent my two W2's to my new employer's benefits team as soon as I got them, and the new 401(k)'s custodian sent me a check - took about 2 or 3 weeks. You will *not* get an updated W2. It's your responsibility to include the refund in your tax...
by pasadena
Sat Mar 02, 2019 6:50 pm
Forum: Personal Finance (Not Investing)
Topic: what are the most important financial goals for you
Replies: 24
Views: 2055

Re: what are the most important financial goals for you

My most important financial goal: To no longer worry about financial goals. This. Specifically for me, as a late starter: - Have a paid-off home when I retire (either buy one soon with a mortgage, or buy one cash when I retire) so no one can take away the roof over my head - Have enough to live on ...
by pasadena
Sat Mar 02, 2019 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: How much does owning vehicles (cost/month)
Replies: 53
Views: 4248

Re: How much does owning vehicles (cost/month)

It depends on so many factors, and not just the make/model/year of the car. But if you want a personal example somewhat far from your situation, here's mine: 2012 VW Golf, paid off. One driver, working from home and trying to walk instead of driving as much as possible. - Gas: $50 to $100 - Insuranc...
by pasadena
Sat Mar 02, 2019 9:50 am
Forum: Personal Finance (Not Investing)
Topic: Tell The Truth to Boss Why I'm Leaving? (More Money)
Replies: 78
Views: 8991

Re: Tell The Truth to Boss Why I'm Leaving? (More Money)

I would tell him, yes, as others said to the tune of "Boss, I really love it here, the company, the job, the people, but I can't justify letting a $70k raise pass". I did that a few years ago - when I was offered a job and visa to the US (Los Angeles, no less), 3 months after starting a new job. I l...
by pasadena
Thu Feb 28, 2019 11:32 am
Forum: Personal Finance (Not Investing)
Topic: Any Experience with VanguardAdvantage Direct Deposit?
Replies: 8
Views: 1136

Re: Any Experience with VanguardAdvantage Direct Deposit?

I use the Direct Deposit service to have money deposited directly from my paycheck. It's very easy to setup. Follow the instructions, and you will get a PDF with the routing number and account number to give your employer. These are *not* the same as the ones on your checkbook and can only be used f...
by pasadena
Mon Feb 25, 2019 11:02 am
Forum: Personal Finance (Not Investing)
Topic: Mega Backdoor 401K & Roth Backdoor Tax Questions
Replies: 8
Views: 750

Re: Mega Backdoor 401K & Roth Backdoor Tax Questions

The one thing you are missing is a spousal IRA. Your wife should open one and contribute up to the max every year too.
by pasadena
Sun Feb 24, 2019 9:14 pm
Forum: Personal Investments
Topic: Starting from all-cash, no-tax-advanted at 30yo - allocation
Replies: 6
Views: 926

Re: Starting from all-cash, no-tax-advanted at 30yo - allocation

I also advise you to make an additional $6k backdoor contribution to your Roth IRA. As for your AA... a lot of people here will tell you to keep your downpayment in cash, and invest the rest according to your long-term (retirement) AA. Personally, I use buckets. I admit it is nothing but mental acco...
by pasadena
Sun Feb 24, 2019 8:39 pm
Forum: Personal Finance (Not Investing)
Topic: HSA newbie, transfer/roll over from Optum bank to Fidelity
Replies: 2
Views: 786

Re: HSA newbie, transfer/roll over from Optum bank to Fidelity

When I had an HSA at Optum through my employer, the fund selection was good enough (good Vanguard funds, including institutional S$P500 index, and Institutional Wellington, plus a few others) and it didn't cost me anything (except the opportunity cost of the $2k I had to leave in cash). Now I have c...
by pasadena
Sat Feb 23, 2019 2:34 pm
Forum: Investing - Theory, News & General
Topic: "You're More Internationally Diversified Than You (Probably) Realize"
Replies: 139
Views: 10963

Re: "You're More Internationally Diversified Than You (Probably) Realize"

Because I want to invest into foreign companies, not just foreign interest of US companies. I don't think the sentence "Total U.S. Stock Market Index Fund ALREADY holds the equivalent of 40% in international stocks" is correct. 40% of foreign exposure for US companies is not equivalent of 40% in int...
by pasadena
Sat Feb 23, 2019 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off debt vs savings
Replies: 14
Views: 1303

Re: Pay off debt vs savings

Yeah paying off debt is smart financially. But seeing $$ in my savings is comforting. Seeing open credit on a credit card (which could be taken away by the issuer at any time) is not as comforting. Then do it in a few steps: - Pay off CC entirely (you are still getting interest on the whole thing e...
by pasadena
Sat Feb 23, 2019 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: Ring Shopping
Replies: 82
Views: 4621

Re: Ring Shopping

That's a lot of money to spend to please the Joneses. I think the first thing you should do is make sure your girlfriend is actually expecting this (not easy to do without telling her, but hey, it can be done). Then maybe think very hard about it. If *you* think it's ridiculous, as you seem to, then...
by pasadena
Sat Feb 23, 2019 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off debt vs savings
Replies: 14
Views: 1303

Re: Pay off debt vs savings

I want to get everyone's opinion on this topic. I have $13k in credit card debt at about 25% interest. I also have $13k in an auto loan at 10%. My savings account has about $25k in it. Should I just take that $25k and pay off all debt? My job is pretty secure at the moment. If I had an emergency I ...
by pasadena
Tue Feb 19, 2019 7:37 pm
Forum: Personal Finance (Not Investing)
Topic: On this Forum, is X% of Income Saved Pre-Tax or Post-Tax?
Replies: 95
Views: 6788

Re: On this Forum, is X% of Income Saved Pre or Post Tax?

There is no consensus, and people tend to not specify, which makes it rather meaningless.

Personally, I track both: Pre-tax savings out of gross income, and after-tax savings out of "what's left" (take home).
by pasadena
Sun Feb 10, 2019 7:35 pm
Forum: Personal Finance (Not Investing)
Topic: Did you investigate your partner's financial background before committing?
Replies: 99
Views: 6164

Re: Did you investigate your partner's financial background before committing?

I wouldn't have any issue pulling my credit report and showing it. I would probably even think it's smart. I probably would look up the guy looong before it came to the point of commuting to him. I would also never get married to someone I haven't lived with for a while, and dated for much longer th...
by pasadena
Fri Feb 08, 2019 3:45 pm
Forum: Personal Investments
Topic: Is ESPP worth the hassle?
Replies: 65
Views: 3472

Re: Is ESPP worth the hassle?

Absolutely correct -- and this is key, ESPP is SELF-FUNDING! , as long as you sell immediately every time. Once you have done one cycle, all you need is a little budgeting acumen and use your return of capital for the next cycle and your ESPP train ride just continues with no end in sight. This is ...
by pasadena
Fri Feb 08, 2019 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: How much would you contribute to retirement if you max your 2019 contributions?
Replies: 43
Views: 3111

Re: How much would you contribute to retirement if you max your 2019 contributions?

For me, the best-case scenario is: - Pre-Tax 401k - $19,000 - After Tax 401k (and subsequent mega backdoor Roth) - $27,500 - Employer Match - $9,500 - HSA - $3,500 (including employer contribution) - Roth IRA - $6,000 (I don't usually count it as part of my retirement plan, but it is a retirement ac...
by pasadena
Wed Feb 06, 2019 12:15 am
Forum: Personal Finance (Not Investing)
Topic: Intro and Personal Finance Advice
Replies: 55
Views: 5600

Re: Intro and Personal Finance Advice

So you've made big progress in a week. Congrats on that (and the wedding). Can you summarize your current situation, after cutting all these expenses and paying one CC off? It'd be helpful if you could give details on your remaining cards and loans (balance due, interest rate and minimum payment for...
by pasadena
Tue Feb 05, 2019 8:41 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 621
Views: 72932

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

AlphaLess wrote:
Bonus already showing.
Feb 05, 2019 Payback Time Cash Bonus $1,000.00
Mine showed up tonight too.
by pasadena
Tue Feb 05, 2019 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: Access Accounts Work Computer
Replies: 16
Views: 851

Re: Access Accounts Work Computer

Your home network is probably not as secure as most companies', except if you work for small family businesses. Your computer is probably less secure than the network. The important thing here is, don't use unsecured wifi connections (which is what Starbucks offers) i.e. ones where you don't have to...
by pasadena
Tue Feb 05, 2019 1:38 am
Forum: Non-US Investing
Topic: Best way to invest $100k for HSBC premier account? [Europe]
Replies: 29
Views: 2767

Re: Best way to invest $100k for HSBC premier account?

Their no fee money transfers are not free. They get you on the currency spread. Last time I checked it was about 2.9%. This is correct. It varies between 2% and 3% in general. Might be even higher for Advance customers (I wouldn't be surprised). However, it's true that it's hard to beat the conveni...
by pasadena
Tue Feb 05, 2019 12:23 am
Forum: Non-US Investing
Topic: Best way to invest $100k for HSBC premier account? [Europe]
Replies: 29
Views: 2767

Re: Best way to invest $100k for HSBC premier account?

Their no fee money transfers are not free. They get you on the currency spread. Last time I checked it was about 2.9%. This is correct. It varies between 2% and 3% in general. Might be even higher for Advance customers (I wouldn't be surprised). However, it's true that it's hard to beat the conveni...
by pasadena
Mon Feb 04, 2019 2:32 pm
Forum: Personal Investments
Topic: Is ESPP worth the hassle?
Replies: 65
Views: 3472

Re: Is ESPP worth the hassle?

Uh, yes, to me $2,500 minimum is worth having to log on a few minutes every quarter and click a few buttons, and having my money locked for up to 3 months.

Besides it’s good way to force me to save even more.
by pasadena
Sun Feb 03, 2019 9:16 pm
Forum: Personal Finance (Not Investing)
Topic: Traveling to france may 11 days advice?
Replies: 24
Views: 1396

Re: Traveling to france may 11 days advice?

French here. Paris in May is amazing. The weather should be nice. Travel within the city with the Metro -it can get you everywhere, no joke, but might be hard to navigate at first), and the close suburbs using the RER (regional trains). Get a weekly pass. The whole inner center of the city (encompas...
by pasadena
Sun Feb 03, 2019 9:05 pm
Forum: Personal Investments
Topic: Check-In
Replies: 4
Views: 546

Re: Check-In

1) I think your AA is fine, although very conservative. The major determinant to retiring early is your savings rate the next 10 years, and you appear to have that covered. Your AA is conservative, but over 10 years there is not much difference between 55 and 75% equities. If it makes you feel comf...
by pasadena
Sun Feb 03, 2019 11:30 am
Forum: Personal Investments
Topic: Besides your core.. anyone also hold a play account?
Replies: 61
Views: 3576

Re: Besides your core.. anyone also hold a play account?

I have a small brokerage account with a few stocks. It's about $5k. I haven't bought (or sold) anything for months now.
by pasadena
Sat Feb 02, 2019 11:38 am
Forum: Personal Investments
Topic: 401k Asset Allocation (Fidelity)
Replies: 4
Views: 510

Re: 401k Asset Allocation (Fidelity)

pgold wrote:
Fri Feb 01, 2019 9:55 pm
I'm an immigrant and been working here for almost 3 years in the US now.
Are you planning (or are you at risk of having to) leaving the US at some point in the future? If so, where are you from (assuming you'd go home if you left here).
by pasadena
Fri Feb 01, 2019 12:38 am
Forum: Personal Finance (Not Investing)
Topic: How much do you keep in checking?
Replies: 135
Views: 11836

Re: How much do you keep in checking?

1 month of expenses at the beginning of the month, less than $200 at the end of the month.
by pasadena
Wed Jan 30, 2019 3:44 pm
Forum: Personal Investments
Topic: Advice: ease off investing or use taxable for down payment
Replies: 15
Views: 682

Re: Advice: ease off investing or use taxable for down payment

Option 2 is a no-brainer, the only thing holding you back is emotions. Emotions and money are not a good pairing. Option 1 is just not rational. You will have less money in the long term, so less income in retirement, especially early retirement. How much do you currently have in taxable? Option 3 w...
by pasadena
Wed Jan 30, 2019 3:30 pm
Forum: Personal Investments
Topic: Investment Strategy - Critique Needed
Replies: 12
Views: 1109

Re: Investment Strategy - Critique Needed

Currently the Roth and 401(k) are fully invested in the Target Date fund. Now that I'm in a position to max them both out annually and add to a taxable brokerage account, I'd like the extra control a 3 fund strategy affords. My wife doesn't have either. Would you recommend selling the Target Date f...
by pasadena
Wed Jan 30, 2019 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: Zelle Fraud? But how? What now?
Replies: 52
Views: 8522

Re: Zelle Fraud? But how? What now?

When I had rentals, nearly all my tenants preferred to pay the rent via Zelle (and before it was branded as "Zelle", they used Chase "QuickPay"). Never had a problem with it. In disagree with a prior poster who seemed to insinuate that it is ridiculous to split up a small shared-bill among a few pe...
by pasadena
Wed Jan 30, 2019 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: Career Decision - Asking for help.
Replies: 30
Views: 3042

Re: Career Decision - Asking for help.

Thank you for all the responses ! I appreciate everyone's input on my situation. You need to start looking at your job as what a job is: a business relationship . There is no emotion involved from the company's side, there shouldn't be any from your side, when decisions are made. That includes guil...
by pasadena
Wed Jan 30, 2019 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: Saying hello and hoping for guidance
Replies: 95
Views: 5467

Re: Saying hello and hoping for guidance

The plan says I can change my contributions for Pretax and for Roth. I have Pretax set at one percent and Roth at zero. I am changing the pretax to 6 and leaving the Roth alone, correct? Correct Could it make sense for them to contribute to Roth instead if they're in a low tax bracket? If her husba...
by pasadena
Tue Jan 29, 2019 9:07 pm
Forum: Personal Investments
Topic: Investment Strategy - Critique Needed
Replies: 12
Views: 1109

Re: Investment Strategy - Critique Needed

Why do you want to do this?

Also, does your wife have a 401(k) (or similar) and Roth IRA?
by pasadena
Tue Jan 29, 2019 9:03 pm
Forum: Personal Investments
Topic: Feedback on current situation
Replies: 9
Views: 771

Re: Feedback on current situation

I second everything the others have said. I'll just add, don't get married and/or buy a home together before you've lived together for a while. I know many long term couples who separated after living together for a few months/years. Happened to me too.
by pasadena
Tue Jan 29, 2019 8:39 pm
Forum: Personal Consumer Issues
Topic: Pet Insurance
Replies: 17
Views: 846

Re: Pet Insurance

I use HealthyPaws. The policy is clear and I have had no surprise. Very reasonable increase each year as the pets age. I pay $50 a month for two adult cats, one of them is a senior. I did choose the highest deductible available for each of them. My previous cat died of acute kidney failure a few mon...
by pasadena
Tue Jan 29, 2019 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: Max out retirment funds before saving for kid's college?
Replies: 54
Views: 2661

Re: Max out retirment funds before saving for kid's college?

$80/month/girl would net them roughly $40k after 25 years and could continue to grow but also be a backup for things such as education, wedding, home. Let's say you have $1,000 now, and add $80 a month. If you invest the money in index funds, assuming an average of 6% annual return, the total will ...
by pasadena
Tue Jan 29, 2019 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: Possible Employment Transition - Asking for Guidance/Advice/Opinions from those wiser and older than I
Replies: 4
Views: 329

Re: Possible Employment Transition - Asking for Guidance/Advice/Opinions from those wiser and older than I

As option new employer if they will consider a sign on bonus to match the bonus you would lose by transitioning now, or if they can wait until you receive that bonus and start at a later date. If neither works out, I would go anyway. Transferring internally is always a risky thing. Current manager ...
by pasadena
Mon Jan 28, 2019 8:07 pm
Forum: Investing - Theory, News & General
Topic: Is this is a concern for Vanguard--"Two-Factor Authentication Might Not Keep You Safe"
Replies: 23
Views: 2723

Re: Is this is a concern for Vanguard--"Two-Factor Authentication Might Not Keep You Safe"

I think that Vanguard needs to review their practice of sending emails that encourage their users to click on a link in the email. They are encouraging a bad practice. At some point, users have to take responsibility. The best practice is not so much to never click on links, but to check that the a...
by pasadena
Mon Jan 28, 2019 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: Money Troubles: Need advice to start over from a hole.
Replies: 37
Views: 3304

Re: Money Troubles: Need advice to start over from a hole.

BL wrote:
Mon Jan 28, 2019 1:29 pm
Girlfriend may be too expensive or complicated until this is paid off; then he may be a catch.
Rolling my eyes at this. Seriously?
BL wrote:
Mon Jan 28, 2019 1:29 pm
Moving, getting paying roommates, selling car, etc. should all be considered.
That is what a live-in girlfriend is.
by pasadena
Mon Jan 28, 2019 10:55 am
Forum: Personal Consumer Issues
Topic: External Hard Drive?
Replies: 71
Views: 4400

Re: External Hard Drive?

It depends on your need and the volume of files you want to back up. Simple external hard drive - I recommend a SSD. They have a much lower rate of failure than traditional hard drives, and a much better transfer speed. They can also be much smaller. As other said, if it's just a few spreadsheets, a...
by pasadena
Mon Jan 28, 2019 10:43 am
Forum: Personal Investments
Topic: High Earners Mostly Use Taxable Accounts?
Replies: 167
Views: 14688

Re: High Earners Mostly Use Taxable Accounts?

I think your definition of "middle" income is a little off. The USA median income per person was a bit under $32,000 in 2017, (Note that's lower than the mean, and quite a bit lower than mean household) The 401k contribution cap of $19k is more than half of the median income. And thus maxing it out...
by pasadena
Sun Jan 27, 2019 11:34 pm
Forum: Personal Investments
Topic: Investing a lump sum in Jan 2019?
Replies: 5
Views: 741

Re: Investing a lump sum in Jan 2019?

I did have a lump sum to invest this month, and I put it all to work at once.

If you're in it for the long term, it won't matter as much as it seems now. Also, your theory would have been proved wrong, had it been last year. You have no way to know.