Search found 326 matches

by 2cents2
Sat Mar 29, 2014 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: Comparing current net income to DB pension net income
Replies: 6
Views: 847

Re: Comparing current net income to DB pension net income

I have a few years before retiring with a NYC DB pension. Right now I'd like to confirm that I'm correctly calculating a back of the envelope estimate of my retirement paycheck. In the near future I will attend a pre retirement meeting and would like to have an understanding of the numbers before t...
by 2cents2
Mon Mar 24, 2014 8:17 am
Forum: Investing - Help with Personal Investments
Topic: Paper bonds vs Treasury Direct
Replies: 24
Views: 2247

Re: Paper bonds vs Treasury Direct

I have never liquidated yet, so I can't attest to it, but some on the board have said you can have your money within 1-3 business days. This reminds me of another pitfall. You have to be sure to keep your bank info up to date. If you close out the bank that your TD is linked to, it will take some p...
by 2cents2
Mon Mar 24, 2014 8:04 am
Forum: Investing - Help with Personal Investments
Topic: Paper bonds vs Treasury Direct
Replies: 24
Views: 2247

Re: Paper bonds vs Treasury Direct

Has the site improved dramatically? Nope--not in my opinion. I still have trouble logging in. I still have trouble navigating the site. I still have trouble with getting bumped off. Time to cash a bond? I recently cashed in some bonds--it took 2 business days. The other thing I find annoying is the...
by 2cents2
Sun Mar 23, 2014 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: How to help my son with law school loans?
Replies: 58
Views: 4230

Re: How to help my son with law school loans?

The key question is, as previously stated, the following: Does it make sense to withdraw money from our taxable retirement account or to take an equity loan to pay off his loans. If I simply withdraw the money from my taxable account, I will pay cap gains and lose the investment appreciation. If I ...
by 2cents2
Wed Mar 19, 2014 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: Roth conversions
Replies: 1
Views: 259

Roth conversions

I did a conversion from a traditional to a Roth last year. It was pretty easy to do the follow-up paperwork on my taxes. However, if I do this every year for the next few years, I am going to have a lot of conversions to track. I will be 59.5 next year, I am wondering if doing more of these will be ...
by 2cents2
Mon Mar 17, 2014 10:23 am
Forum: Personal Finance (Not Investing)
Topic: 2013 tax filing issues
Replies: 33
Views: 2099

Re: 2013 tax filing issues

Did you just get married or drastically change your W-4 this year? $8k is a crazy amount to owe. Got married in 2011. I looked into it more and i guess what happened is that my wife got a job in late 2012 and i just forgot to update my W4 to reflect the right # of allowances..i had mine set to 4 fo...
by 2cents2
Mon Mar 17, 2014 7:59 am
Forum: Investing - Help with Personal Investments
Topic: Dividend stocks for current income in early retirement?
Replies: 38
Views: 5673

Re: Dividend stocks for current income in early retirement?

What about an index fund that focuses on stocks that pay dividends? How would something like Vanguard Dividend Appreciation Index Fund Admiral Shares (VDADX) in a taxable account fit in with your strategy?
by 2cents2
Mon Mar 17, 2014 7:40 am
Forum: Investing - Help with Personal Investments
Topic: Thoughts On Pre-Paid College Plans
Replies: 28
Views: 3600

Re: Thoughts On Pre-Paid College Plans

Of all the investments we made for our DS's college, the pre-paid tuition plan was the one that gave us the most ROI. We were lucky because DS attended an in state public college. The money would not have evaporated if he had elected to go elsewhere because we could have converted it to one of the o...
by 2cents2
Sat Mar 15, 2014 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: Preparing to retire checklist
Replies: 105
Views: 16783

Re: Preparing to retire checklist

Thank you, 2cents2! I have not thought of that. I was more focused on losing 5/12 of my annuity for every month that I am under the age of 62. Given the new information, I will consider moving my date to 26 July. Gratefully, Victoria If it were me and I wanted to retire at the end of Jul (on a FERS...
by 2cents2
Sat Mar 15, 2014 11:55 am
Forum: Personal Finance (Not Investing)
Topic: Preparing to retire checklist
Replies: 105
Views: 16783

Re: Preparing to retire checklist

Thank you, 2cents2! I have not thought of that. I was more focused on losing 5/12 of my annuity for every month that I am under the age of 62. Given the new information, I will consider moving my date to 26 July. Gratefully, Victoria If it were me and I wanted to retire at the end of Jul (on a FERS...
by 2cents2
Sat Mar 15, 2014 11:33 am
Forum: Personal Finance (Not Investing)
Topic: Preparing to retire checklist
Replies: 105
Views: 16783

Re: Preparing to retire checklist

Yesterday night I re-ran my numbers using the new information I've received from our Retirement Specialist, Bogleheads comments, and review of the OPM brochures and insurance companies' materials. I am now inclined to drop my plan of postponing the annuity and, thus, to get it right away. My new re...
by 2cents2
Sat Mar 15, 2014 8:36 am
Forum: Investing - Help with Personal Investments
Topic: 529s and overfunding
Replies: 23
Views: 1910

Re: 529s and overfunding

Saving for college can be tricky. You have to make a lot of assumptions-- such as the type of college (public or private), what the cost will be in 18-22 years and what will the tax law be in 18-22 years. Then, there are the investment choices... If you are worried about over saving, maybe you could...
by 2cents2
Sat Mar 15, 2014 7:05 am
Forum: Personal Finance (Not Investing)
Topic: Preparing to retire checklist
Replies: 105
Views: 16783

Re: Preparing to retire checklist

Yesterday night I re-ran my numbers using the new information I've received from our Retirement Specialist, Bogleheads comments, and review of the OPM brochures and insurance companies' materials. I am now inclined to drop my plan of postponing the annuity and, thus, to get it right away. My new re...
by 2cents2
Tue Mar 11, 2014 9:08 am
Forum: Investing - Help with Personal Investments
Topic: When to sell leftover stock?
Replies: 5
Views: 790

Re: When to sell leftover stock?

I bought these while I was 17 so that is why the dollar amounts are so small. Not your question, but I have a housekeeping item--If you purchased these stocks when you were 17, were they originally set up as a custodial account? (And by now they have been transferred over to you as account owner?) ...
by 2cents2
Sun Mar 09, 2014 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: HUGE retirement decision.
Replies: 71
Views: 8617

Re: HUGE retirement decision.

[quote="sscritic]I understand this is not your particular concern, but I think the readers should understand that letting you change your beneficiary after the fact is not something that most systems would allow. I would be interested if Tier I is indeed just such a system.[/quote] The rules are the...
by 2cents2
Sun Mar 09, 2014 2:38 pm
Forum: Personal Finance (Not Investing)
Topic: HUGE retirement decision.
Replies: 71
Views: 8617

Re: HUGE retirement decision.

What I am still not clear on, suppose you both elect a 100% survivor benefit and your spouse passes on. You receive the 39,200 survivor benefit from your spouse's pension, what about your own pension now that you no longer have a beneficiary-- does it always stay reduced at 39,200 or does it go bac...
by 2cents2
Sun Mar 09, 2014 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: HUGE retirement decision.
Replies: 71
Views: 8617

Re: HUGE retirement decision.

Here's my question. We can take our retirement payout in a few ways. 1) take full amount. $44,000 per year (each). 2) take a reduced amount (about $200 per month less per person) and if one person dies the other gets half of the deceased persons yearly salary. ($22,000 in this case). 3) take a more...
by 2cents2
Sun Mar 09, 2014 12:17 pm
Forum: Investing - Help with Personal Investments
Topic: Advice Wanted: 529s and EE Bonds
Replies: 6
Views: 602

Re: Advice Wanted: 529s and EE Bonds

2cents2 et al, Thank you very much. Very helpful. Am I missing something? You cannot use bonds for room and board, but you can put them in a Coverdell account which you can then use for room and board? L. Or, a contribution a qualified tuition program. (I believe at this point a Coverdell might not...
by 2cents2
Sun Mar 09, 2014 10:25 am
Forum: Investing - Help with Personal Investments
Topic: Advice Wanted: 529s and EE Bonds
Replies: 6
Views: 602

Re: Advice Wanted: 529s and EE Bonds

Assuming you have met the purchase requirements (it looks like some of them were issued prior to 1990 so they won't qualify), there are a few more things to keep in mind when you redeem the bonds: Qualified expenses. Qualified higher educational expenses are tuition and fees required for you, your s...
by 2cents2
Sun Mar 09, 2014 7:31 am
Forum: Personal Finance (Not Investing)
Topic: HUGE retirement decision.
Replies: 71
Views: 8617

Re: HUGE retirement decision.

I am trying to make the same type of decision with my DH's pension. I'm not sure I'm looking at it in the right way, but here is what I have been looking at: 1. Is the reduced pension going to provide enough income to meet expenses? 2. Whichever option selected, will the survivor have enough income ...
by 2cents2
Sat Mar 08, 2014 1:52 pm
Forum: Investing - Help with Personal Investments
Topic: Financial Status Review
Replies: 8
Views: 1168

Re: Financial Status Review

6.6% 3xEE Bonds Yielding 4% (7500 face value) 4.4% 2xI Bonds Yielding 1.1% Above Inflation (7500 face value) 3) Any ideas how to get the interest out of those bonds tax free? They were bought by my dad in my name when I was a kid. They were meant for college, but I never used them. So, they've just...
by 2cents2
Fri Mar 07, 2014 7:20 pm
Forum: Investing - Theory, News & General
Topic: Retirees: About your retirement
Replies: 55
Views: 7296

Re: Retirees: About your retirement

While I did love my job.... Retirement was a result of the stark realization that I liked my days off better....
by 2cents2
Fri Mar 07, 2014 3:53 pm
Forum: Investing - Help with Personal Investments
Topic: Transfer Accounts from E*TRADE to Vanguard
Replies: 10
Views: 2307

Re: Transfer Accounts from E*TRADE to Vanguard

Jack FFR1846 wrote:Call E*Trade and ask them what the fees are.
I called E*TRADE today. They said if it is an ACATS transfer, the fee is $25.00 for a partial transfer and $60.00 for a complete transfer. No fee if it is a cash transfer.
by 2cents2
Thu Mar 06, 2014 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: My 401k match
Replies: 24
Views: 2261

Re: My 401k match

DH's employer matches 25% up to 17,500. But, the catch is there is a 5 year vesting period for the match (20% per year).....

Here is a link to Brightscope Ratings:
http://www.brightscope.com/ratings/
You can look up your company's 401K and compare it with others in the same peer group.
by 2cents2
Mon Mar 03, 2014 9:39 am
Forum: Personal Finance (Not Investing)
Topic: Tax Consequences of closing out a UTMA account
Replies: 14
Views: 4242

Re: Tax Consequences of closing out a UTMA account

If the plan is to sell everything, make sure the dividends are not currently being reinvested as it could cause complications--especially if you accidentally sell between the x-dividend date and when the dividends are paid. If that happens, she could have a few more shares being reinvested into her ...
by 2cents2
Sun Mar 02, 2014 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Consequences of closing out a UTMA account
Replies: 14
Views: 4242

Re: Tax Consequences of closing out a UTMA account

Are you sure that you don't have any cost basis information for the shares? The legal transfer forms that I have seen have a block for Cost Basis of Shares. Your fiancé's Dad should be able to tell you whether or not a cost basis was provided on the transfer form. If not, reconstructing the cost bas...