Search found 833 matches

by damjam
Thu Feb 09, 2012 8:38 am
Forum: Investing - Help with Personal Investments
Topic: paying extra on mortgage
Replies: 31
Views: 3237

Re: paying extra on mortgage

Also, equity can go negative and has for many people, at which point any money prepaid on the mortgage is just gone, even if one does a short sale or gets foreclosed. I've seen this line of reasoning several times now, and I have to say, I'm confused. I guess it works if you live in a non-recourse ...
by damjam
Wed Feb 08, 2012 11:46 am
Forum: Personal Finance (Not Investing)
Topic: Buy now or wait?
Replies: 6
Views: 850

Re: Buy now or wait?

Are there any indications that real estate prices will rise in the area you are looking to buy? Where I live the market is pretty flat, so I would be in no rush to buy here. What kind of improvements are you planning on? If you can live through them, it would make more financial sense to wait and do...
by damjam
Wed Feb 08, 2012 11:30 am
Forum: Investing - Help with Personal Investments
Topic: How much tax-deferred space is enough?
Replies: 9
Views: 794

Re: How much tax-deferred space is enough?

Contributions to 401k's are not included in adjusted gross income for the purposes of computing NYS & NYC taxes. Same with deductible IRAs.

I have The Bogleheads' Guide to Investing. Do the chapters on Taxes cover the same information?
by damjam
Wed Feb 08, 2012 9:38 am
Forum: Investing - Help with Personal Investments
Topic: How much tax-deferred space is enough?
Replies: 9
Views: 794

How much tax-deferred space is enough?

Hello all. I'm hoping you all can help me think about this situation correctly. Right now I'm not sure what to do. I have the ability to save $10,000 in new money in a 401k for 2012. So my question is: do I move another $7,000 from taxable into the 401k? Thereby creating more tax-deferred space. Or ...
by damjam
Tue Feb 07, 2012 3:47 pm
Forum: Investing - Help with Personal Investments
Topic: Help with investment planning.
Replies: 14
Views: 779

Re: Help with investment planning.

Intl allocation: 55% of stock allocation so 45% US stock. I'm not quite sure what you mean by this. Do you mean 45% of stock should be International? I don't know of a single "Fund of Funds" that has that ratio of US/International. Vanguard LifeStrategy Growth has: Total Stock Market 56% ...
by damjam
Tue Feb 07, 2012 3:15 pm
Forum: Investing - Help with Personal Investments
Topic: Small-cap international
Replies: 9
Views: 1063

Re: Small-cap international

I use VFSVX (Vanguard FTSE all world x-US small cap). I have it in my TIRA.
by damjam
Tue Feb 07, 2012 9:22 am
Forum: Investing - Help with Personal Investments
Topic: Multiple Roths on same Vanguard account
Replies: 7
Views: 776

Re: Multiple Roths on same Vanguard account

You can set it up so that you can view your wife's holdings, creating a household view. But to carry out transactions on your wife's account, your wife will need to create an online account for herself.
by damjam
Tue Feb 07, 2012 9:05 am
Forum: Investing - Help with Personal Investments
Topic: Why not just use VG Life Strategy Growth?
Replies: 15
Views: 2617

Re: Why not just use VG Life Strategy Growth?

You might not want that fund in your taxable account because of the 20% in bonds.
by damjam
Mon Feb 06, 2012 6:36 am
Forum: Personal Finance (Not Investing)
Topic: Home lease/landlord dilemma
Replies: 57
Views: 4311

Re: Home lease/landlord dilemma

I think consulting with a lawyer is an excellent idea.
by damjam
Mon Feb 06, 2012 6:34 am
Forum: Personal Finance (Not Investing)
Topic: Plan to move ~5 years, pay extra or save?
Replies: 13
Views: 1574

Re: Plan to move ~5 years, pay extra or save?

The OP will "loose" if the price of the house goes down whether the OP prepays or does not. Or are you suggesting the OP plan to walk away from the property and mortgage if the value goes down?
by damjam
Mon Feb 06, 2012 1:06 am
Forum: Personal Finance (Not Investing)
Topic: Home lease/landlord dilemma
Replies: 57
Views: 4311

Re: Home lease/landlord dilemma

The landlady may not wish to negotiate but you should try anyway. Remember its a PIA for her to evict you. It will cost her money. If I were you, I would not sign a 2 year lease no matter what the conditions. You might want to consider a 1 year lease with a rent increase. Here's my thinking: it may ...
by damjam
Sun Feb 05, 2012 8:15 am
Forum: Personal Finance (Not Investing)
Topic: Selling vs renting a house
Replies: 8
Views: 1135

Re: Selling vs renting a house

Need more information.

How much do you estimate the house could sell for?

How much rent can you get? What expenses will you have (ie: taxes, insurance, maintenance, property management fees)?

But aside from the numbers, do you really want to be a landlord?
by damjam
Sat Feb 04, 2012 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: Check Reorder Fee - Pay It or Look Elsewhere?
Replies: 33
Views: 2981

Re: Check Reorder Fee - Pay It or Look Elsewhere?

You can have your checks printed by an independent printer.
I've used Current in the past. It's a little cheaper.
by damjam
Sat Feb 04, 2012 12:32 pm
Forum: Investing - Help with Personal Investments
Topic: too much in international stock?
Replies: 32
Views: 3362

Re: too much in international stock?

Do you want 43% of your stock allocation to be international?

Vanguard had a study that concluded a range of 20% to 40% of and equity allocation is optimal for international.
by damjam
Sat Feb 04, 2012 10:46 am
Forum: Personal Finance (Not Investing)
Topic: how often do u write checks?
Replies: 79
Views: 5080

Re: how often do u write checks?

I wrote 45 checks last year. Which is more than I thought. On the other side I avoided 84 checks by using ACH.
by damjam
Sat Feb 04, 2012 9:59 am
Forum: Investing - Help with Personal Investments
Topic: 401k rollover
Replies: 6
Views: 678

Re: 401k rollover

From what I understand what you are proposing, rolling post-tax 401k contributions into a ROTH IRA, is possible.

Check the Fairmark Forum. See the "Isolating 401k Basis for a Conversion" article.
by damjam
Sat Feb 04, 2012 5:37 am
Forum: Investing - Theory, News & General
Topic: Losing a job and eligibility for Healthcare Reform provision
Replies: 30
Views: 2737

Re: Losing a job and eligibility for Healthcare Reform provi

There is also "Healthy NY" which has higher income limits, it doesn't look like they count assets. To qualify you or your spouse (if you have one) must be employed or have been employed sometime in the last 12 months. The big catch is the plan does not cover preexisting conditions for 12 m...
by damjam
Fri Feb 03, 2012 12:09 am
Forum: Investing - Theory, News & General
Topic: New Treasury Rules Ease 401(k) Life Annuity Purchase
Replies: 13
Views: 2051

Re: New Treasury Rules Ease 401(k) Life Annuity Purchase

"Insurance companies, on the other hand, are eager to wade into what they consider a big and attractive market of graying Americans with I.R.A. and 401(k) balances and little idea of what to do with them. But they have held back, in part, because of tax rules, which Treasury is easing." Wh...
by damjam
Sat Jan 28, 2012 7:26 pm
Forum: Investing - Help with Personal Investments
Topic: IRA contribution into a SEP
Replies: 3
Views: 279

Re: IRA contribution into a SEP

Thanks for the replies! I did some more digging and found this on the IRA website: Can SEP plan participants make tax-deductible IRA contributions to their SEP-IRAs? Employers contribute under a SEP plan to each participant’s SEP-IRA, and a SEP-IRA is generally no different from any traditional IRA....
by damjam
Sat Jan 28, 2012 7:20 pm
Forum: Investing - Theory, News & General
Topic: 401(k) contributions for 2012
Replies: 11
Views: 1263

Re: 401(k) contributions for 2012

The $17,000 limit is for employee contributions. However much your employer contributes does not subtract from that limit.
by damjam
Sat Jan 28, 2012 10:21 am
Forum: Investing - Help with Personal Investments
Topic: IRA contribution into a SEP
Replies: 3
Views: 279

IRA contribution into a SEP

Can I contribute to the SEP IRA my employer set up, or do I need to open a separate TIRA?
by damjam
Thu Apr 01, 2010 6:23 pm
Forum: Investing - Help with Personal Investments
Topic: Help Me Consolidate My Investments and Get Some Directio
Replies: 10
Views: 2663

For some reason I'm having a very hard time figuring out what is going on with your portfolio. The post is somewhat confusing. Percentages in the "Current Portfolio" should percentages of the total portfolio not the percentage of the individual account. In the "Total of All Investment...
by damjam
Mon Mar 29, 2010 4:27 pm
Forum: Investing - Theory, News & General
Topic: Pros and Cons of Mid Cap Funds
Replies: 9
Views: 3004

Pros and Cons of Mid Cap Funds

It seems that Mid Cap funds are not recommended. Why is that?

Are there reasons to hold Mid Cap funds?
by damjam
Mon Mar 29, 2010 4:20 pm
Forum: Investing - Help with Personal Investments
Topic: My niece might visit us here soon.
Replies: 7
Views: 1754

Could LERP actually be LIRP (Life Insurance Retirement Plan)?
by damjam
Sat Mar 27, 2010 6:43 pm
Forum: Investing - Help with Personal Investments
Topic: Frightened by Gross and Moody's
Replies: 19
Views: 3500

I have read "This time is Different."

I shows in great detail that not only do sovereign defaults occur but they occur with incredible frequency.

The US has been a notable exception.
by damjam
Fri Mar 26, 2010 12:42 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio help following inheritance
Replies: 17
Views: 2126

I think your mixing things up in your mind. If paying your ex 1/2 the downpayment and 1/2 the reno costs is what you decide is "right." Then that is a separate matter from the sale of the house. You pay it whether you sell or don't sell. So set aside the money and no longer think of it as ...
by damjam
Fri Mar 26, 2010 9:59 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio help following inheritance
Replies: 17
Views: 2126

It would actually cost 425K to own given YANDL's scenario.

175K in cash plus 250K of loan.

I agree an argument can be made for giving 1/2 of the downpayment and 1/2 the renovation expenses. It feels right. I don't know what a lawyer would tell you though.
by damjam
Fri Mar 26, 2010 7:41 am
Forum: Personal Finance (Not Investing)
Topic: SSA Form 521/IRS help desperately needed
Replies: 7
Views: 1627

I've just read through your story and all I can say is WOW.

I hope you are able to resolve this soon.

_____

JAM
by damjam
Fri Mar 26, 2010 7:36 am
Forum: Investing - Help with Personal Investments
Topic: The saga of SSA Form 521 and Medicare premiums-LONG
Replies: 37
Views: 7564

I realize this is an old thread but...

"electronic accounting" is different than regular accounting

That's priceless.
by damjam
Thu Mar 25, 2010 9:53 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio help following inheritance
Replies: 17
Views: 2126

Portfolio help following inheritance

I just need to jump in here. So your saying a house was purchased with $22K and another $50-55K was sunk into it and now it is worth $400K with $380K loaned against it? The loans were 100% to finance the house and no cash was taken out? If so then... The house is worth less than what was paid (when ...