Search found 268 matches

by NightFall
Tue Dec 09, 2014 10:29 am
Forum: Personal Finance (Not Investing)
Topic: Help with SS for Mother-in-law
Replies: 2
Views: 618

Help with SS for Mother-in-law

My mother-in-law retired last week. She will begin receiving a small pension starting in February and is planning on claiming SS at the same time. In April she will be 65, so her FRA is 66. My father-in-law is 66 and has been collecting SS for some time under disability. As an in-law, I am not privy...
by NightFall
Thu Dec 04, 2014 7:39 am
Forum: Personal Investments
Topic: Help with Roth / Non Deductible Contrib Limits
Replies: 3
Views: 410

Re: Help with Roth / Non Deductible Contrib Limits

Can't do both a backdoor Roth and a Roth. The contribution limits are 5500 per person to a combination of Roth or traditional as I understand it. You might look at the mega backdoor Roth and see if the 401k supports it.
by NightFall
Thu Sep 25, 2014 6:27 am
Forum: Personal Consumer Issues
Topic: Cast Iron Skillet Cooking
Replies: 127
Views: 34446

Re: Cast Iron Skillet Cooking

i wasn't looking for them, but i saw this at costco yesterday. http://www.costco.com/Lodge-2-Pack-Cast-Iron-Skillets-And-2-Silicone-Mitts.product.100116102.html Hmmm...Costco link says its Lodge cast iron skillets are made in China. That is disappointing if true. I know that their enamel cast iron ...
by NightFall
Sun Sep 14, 2014 5:41 pm
Forum: Personal Investments
Topic: CD Rate ?
Replies: 3
Views: 621

Re: CD Rate ?

.0417 is not 0.0417%. It's 4.17%. So 1 is 100%.

10,000 x 0.000417 x 6 = 0.002502 x 10,000 = $25.02.
by NightFall
Thu Jul 17, 2014 6:32 am
Forum: Personal Consumer Issues
Topic: Diminishing Returns of Fuel Efficiency
Replies: 11
Views: 1947

Re: Diminishing Returns of Fuel Efficiency

Simple math, but not a reason to avoid fuel efficient cars. The author sounds surprised to find that cutting costs in half requires a doubling of mpg. To quote the article "Saving $700 a year, as the example below shows, may not be worth paying additional few thousand dollars for a car." I keep cars...
by NightFall
Wed Jun 11, 2014 9:16 am
Forum: Investing - Theory, News & General
Topic: Edward Jones came to my door
Replies: 44
Views: 5194

Edward Jones came to my door

A broker from Edward Jones showed up at my door last night. I'm not sure how common that is, but it was the first time it ever happened to me. He was trying to convince me to invest in American Funds. Class A shares had a 5.76% front-end load with a 0.61% ER. Or class C shares had no load but a 1.31...
by NightFall
Sat Apr 26, 2014 8:58 am
Forum: Personal Finance (Not Investing)
Topic: deleted
Replies: 66
Views: 16915

Re: How long to pay off your mortgage?

Took us 2 years for a 15 year mortgage. We bought before the crash. Interest rates were much higher but started dropping. Not enough to refinance though. It just provided extra incentive to pay off early. At 6.25% I looked at the extra payment as an investment paying that rate for the lifetime of th...
by NightFall
Fri Apr 18, 2014 8:33 am
Forum: Forum Issues and Administration
Topic: *poor* Bogleheads
Replies: 78
Views: 15568

Re: *poor* Bogleheads

I wish I had found this site much earlier when my income was significantly less than the median in the US. For much of my 20's I didn't make more than 24K. I spent half on things like rent (most of my expenses) though taxes were small due to such low earnings. The other half I saved in a regular ban...
by NightFall
Thu Apr 03, 2014 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: How did you determine your "number" for retirement
Replies: 51
Views: 5657

Re: How did you determine your "number" for retirement

I figured out our annual expenses and multiplied by 25. Then I multiplied by 2 just in case of divorce. That's our number. Seems simple enough. Annual expenses will be way less with no mortgage, however, I feel that our vacation expenses will at least double if not triple. (Current annual after-tax...
by NightFall
Wed Mar 19, 2014 8:45 pm
Forum: Personal Finance (Not Investing)
Topic: advice requested from engineers
Replies: 85
Views: 7216

Re: advice requested from engineers

As a faculty member in an Engineering department (not EE or BME) at a top Engineering school, I'll throw in my opinion. I've been at small, expensive private schools and large cheap state schools. For the top rated programs, I can say that you can get an excellent education at any of these schools. ...
by NightFall
Thu Mar 13, 2014 9:38 pm
Forum: Personal Finance (Not Investing)
Topic: Is a 457 worth it?
Replies: 15
Views: 2754

Re: Is a 457 worth it?

IRS pub 571, chapter 9, footnote of worksheet 1 answers this question. Even though sep contributions are coming from the employer and not the employee, the 415 limit must include all of your sep contributions as well if you control more than 50% of the company. As a single employee, I do. :(
by NightFall
Thu Mar 13, 2014 8:11 pm
Forum: Personal Finance (Not Investing)
Topic: Is a 457 worth it?
Replies: 15
Views: 2754

Re: Is a 457 worth it?

HR gave me the following response: The IRS 415 regulations limit the amount that can be contributed to a retirement plan for an individual ($51,000 for 2013). Normally, this limit does not have to be aggregated between different employers. However, plan contributions must be aggregated across plan t...
by NightFall
Thu Mar 13, 2014 6:18 pm
Forum: Personal Finance (Not Investing)
Topic: Is a 457 worth it?
Replies: 15
Views: 2754

Re: Is a 457 worth it?

I may have to go back and talk to hr. The contributions are definitely from separate jobs. I. Would not be the first time hr has given me wrong information though. I guess I may have to amend my return.
by NightFall
Thu Mar 13, 2014 4:43 pm
Forum: Personal Finance (Not Investing)
Topic: Is a 457 worth it?
Replies: 15
Views: 2754

Re: Is a 457 worth it?

To clarify one point the SEP IRA would not count towards the 415c limit for your regular job although that wouldn't matter if you aren't able to contribute after tax money. I'm not sure that's correct. My employer requests contribution amounts to all other retirement plans and specifically names se...
by NightFall
Thu Mar 13, 2014 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: Improving Credit Score by Timing Credit Card Payments
Replies: 17
Views: 2116

Re: Improving Credit Score by Timing Credit Card Payments

We time our credit card payments to be a few days before the due date. Of course we pay of our balance in full and don't come anywhere close to our credit limit. Our score is 843 out of 850 last time I checked, so that strategy must work well.
by NightFall
Wed Mar 12, 2014 8:18 pm
Forum: Personal Finance (Not Investing)
Topic: Is a 457 worth it?
Replies: 15
Views: 2754

Re: Is a 457 worth it?

Thanks for the welcomes. I've read the forum for some time, but this is my first post. Age: 36 so a ways from retirement marginal tax rate: 28-33% depending on how much my side business brings in. This last year was 33% as it was a good year. Although with the phase outs for exemptions and extra cap...
by NightFall
Wed Mar 12, 2014 5:03 pm
Forum: Personal Finance (Not Investing)
Topic: Is a 457 worth it?
Replies: 15
Views: 2754

Is a 457 worth it?

I'm an employee of the state of Texas. Currently I'm maxing out my 415 limit through an employee retirement plan, 403b contributions, and a SEP IRA from a side business. I've been considering a 457 since contributions to it do not count towards the 415 limit. However, I'm worried about the fees. We'...