Search found 103 matches

by fm3040
Sat Mar 27, 2021 9:29 am
Forum: Personal Investments
Topic: Considering converting traditional to Roth.
Replies: 20
Views: 1189

Re: Considering converting traditional to Roth.

Original Poster and lakpr, If you intend not to spend the Roth but instead pass it down to your heirs after both husband and wife pass away (with the assumption that one of them lives into their eighties), at your age, it actually makes sense to convert to a Roth now (even though you are in a high t...
by fm3040
Mon Mar 08, 2021 6:05 pm
Forum: Personal Investments
Topic: Dimensional Funds - Professionally Managed Account Question
Replies: 4
Views: 305

Dimensional Funds - Professionally Managed Account Question

I have accounts that are professionally managed by a fixed fee advisor. I started with them a long time ago and do not have a copy of the contract. If I wanted to drop the advisor, is it mandatory that they liquidate all the Dimensional Funds in the accounts? As one of the accounts is a taxable acco...
by fm3040
Fri Dec 25, 2020 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: What NON-frugal thing did you do today?
Replies: 161
Views: 11432

Re: What NON-frugal thing did you do today?

Made a trip to Sephora to buy gifts. Loaded up the cart at Costco with a bunch of gifts (including a Cutco knife) and a couple of things for myself that I really do not need but seemed to be at a good price: 1) Skullcandy Indy Fuel wireless earbuds that were $30 off (I think) and 2) Sony MX 1000 M3 ...
by fm3040
Fri Oct 23, 2020 6:26 pm
Forum: Personal Consumer Issues
Topic: Stationary Indoor Bikes
Replies: 33
Views: 2547

Re: Stationary Indoor Bikes

Wattbike is a great product that was built for the British Racing Team. It is a solid and proven piece of equipment that can take a lot of beating. It is not a closed-loop system like the Peloton with high monthly subscription fees. It plays well with Zwift, Sufferfest, TrainingPeaks, TrainerRoad, R...
by fm3040
Sat Sep 05, 2020 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: Joint owner with kid (JTWROS) - Inheritance tax question
Replies: 6
Views: 611

Joint owner with kid (JTWROS) - Inheritance tax question

Option 1: Let's say we deposit $1000 a month into a joint account with my kid (starting at age 18) for the long term. Because of the JTWROS status of the account, my kid will receive all the funds upon my passing. If the state has common property law, will my kid get an adjusted cost basis on the a...
by fm3040
Fri Sep 04, 2020 9:06 pm
Forum: Investing - Theory, News & General
Topic: Is it really passive index if S&P actively excludes Tesla?
Replies: 160
Views: 12257

Re: Is it really passive index if S&P actively excludes Tesla?

Why should S&P include a company that has shown profits based on regulatory credits and trades at a totally unreasonable PE compared to its other constituents?

If not for regulatory credits, they would have posted a loss of over $300 MM last quarter.
by fm3040
Sat May 16, 2020 11:38 am
Forum: Personal Finance (Not Investing)
Topic: Programming Course- Summer headstart for a highschooler
Replies: 11
Views: 767

Re: Programming Course- Summer headstart for a highschooler

Thanks for your inputs so far.
Yes, the kid has a laptop. Please provide your inputs on online courses for Java, C, Python and any certifications...
by fm3040
Sat May 16, 2020 8:48 am
Forum: Personal Finance (Not Investing)
Topic: Programming Course- Summer headstart for a highschooler
Replies: 11
Views: 767

Programming Course- Summer headstart for a highschooler

Kid going into senior year of high school has summer to pick up computer programming skills. The kid has no programming background and the idea is to get enrolled in an online course or two during summer and get a good taste for programming, the rigors of it, and hopefully achieve some certification...
by fm3040
Thu Apr 09, 2020 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance in the age of Corona
Replies: 18
Views: 1624

Life Insurance in the age of Corona

Is buying term life insurance in the US any different from what it was 3 months ago? I need to buy extra term life considering the uncertainty around employment (i have a decent insurance policy at work but at a high cost). Will any policy bought now exclude death from a pandemic?
by fm3040
Wed Jan 29, 2020 11:43 pm
Forum: US Chapters
Topic: Sad news: LadyGeek's husband has passed
Replies: 352
Views: 29212

Re: Sad news: LadyGeek's husband has passed

Thanks for sharing. Sorry for your loss.
by fm3040
Sat Jan 25, 2020 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: 1099-R Question - Conversion within employer 401K plan
Replies: 6
Views: 457

Re: 1099-R Question - Conversion within employer 401K plan

- No, this money did not roll over to a designated Roth 401K account - No, I did not make after-tax contributions to 401K. If I pick the two choices above there is no tax exposure which does not make sense if I moved into a Roth IRA instead of 401K Roth. Either way my pre-tax 401K that is getting co...
by fm3040
Fri Jan 24, 2020 4:10 pm
Forum: Personal Finance (Not Investing)
Topic: 1099-R Question - Conversion within employer 401K plan
Replies: 6
Views: 457

Re: 1099-R Question - Conversion within employer 401K plan

If Box 2a shows taxable amount greater than zero, why should be even given options to chose a No? What else can you do with it?
by fm3040
Fri Jan 24, 2020 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: 1099-R Question - Conversion within employer 401K plan
Replies: 6
Views: 457

1099-R Question - Conversion within employer 401K plan

I converted some pre-tax and some after-tax amounts into my Roth 401K plan at work. Form 1099-R: https://www.drs.wa.gov/publications/retiree/1099sample.pdf My understanding is 1) Box 2a Taxable Amount is my pre-tax 401K contribution being converted to Roth 401K 2) Box 5 is my after-tax 401K contribu...
by fm3040
Thu Jan 16, 2020 10:14 pm
Forum: Personal Finance (Not Investing)
Topic: Leave my beneficiary 100/75/50/25 or 0% of my pension?
Replies: 57
Views: 3606

Re: Leave my beneficiary 100/75/50/25 or 0% of my pension?

If you can make do with $68K for the next 7 years until your wife retires (she starts ~$60K pension then), it is a good idea to opt for 100/100 and draw your social security at 70.
by fm3040
Mon Dec 30, 2019 1:05 pm
Forum: Personal Consumer Issues
Topic: Fort Lauderdale Airport Logistics
Replies: 10
Views: 709

Re: Fort Lauderdale Airport Logistics

Sharing my experience from last week: The shuttle takes you from the Spirit terminal(4) to the stop for rental cars. The stop is Stop number 5. You can walk in to the rental car counters for Hertz, etc. If you rent from Economy rent-a-car you have to walk a few steps from Stop Number 5 to Stop Numbe...
by fm3040
Wed Nov 13, 2019 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: What happens if you go over 529 max?
Replies: 4
Views: 361

Re: What happens if you go over 529 max?

Simply opening an account with your spouse as the owner should be a workaround, right?
by fm3040
Tue Nov 12, 2019 2:58 pm
Forum: Personal Finance (Not Investing)
Topic: Beneficiary Settings in brokerage accounts
Replies: 13
Views: 941

Beneficiary Settings in brokerage accounts

It took me less than 10 minutes yesterday to change the primary and secondary beneficiaries on five of my Fidelity accounts. I received an email from Fidelity in the early hours today which I could have easily ignored. My concern is that when I am gone, it is quite possible that someone could easily...
by fm3040
Sat Nov 02, 2019 9:58 am
Forum: Personal Finance (Not Investing)
Topic: Workplace PIP - Next Steps?
Replies: 20
Views: 2089

Workplace PIP - Next Steps?

A friend of mine is in a well-paid position as a Vice President at a large company. There were changes at the senior-leadership level and the leadership decided to put her on a PIP. She was never appraised of the situation and there were no warnings. One day, she was called into the office of a C le...
by fm3040
Mon Sep 16, 2019 2:42 pm
Forum: Non-US Investing
Topic: Not so happy in Denmark... individual stocks better than index funds? [US ex-pat]
Replies: 43
Views: 5081

Re: Not so happy in Denmark... individual stocks better than index funds? [US ex-pat]

How about just buying Berkshire Hathaway ? No tax exposure and a conglomerate that gives you some diversification
by fm3040
Mon Sep 16, 2019 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: Gifting 60k to someone
Replies: 41
Views: 7046

Re: Gifting 60k to someone

1) If A gifts $14K each to multiple relatives and friends in a year, A does not have to file any form with IRS. Is this correct? 2) If A gifts $20K in a particular year to a non-US citizen that lives outside the US (and has never lived in the US and does not ever want to move to the US), does A have...
by fm3040
Mon Sep 09, 2019 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: Lending to friend to India
Replies: 54
Views: 4342

Re: Lending to friend to India

You can set up an account with money2india.com and use their services to transfer the money to a bank account in India. I would loan up to an amount that you can easily write off. Say, you send 10K to your friend and if he/she does not return it, no big deal. I have heard a few stories of good frien...
by fm3040
Wed Jul 31, 2019 10:20 pm
Forum: Personal Finance (Not Investing)
Topic: Getting money from a 529
Replies: 45
Views: 3974

Re: Getting money from a 529

What if your child stays at home while attending college. Can you withdraw max allowable accommodation charges ?
by fm3040
Thu Jul 18, 2019 3:18 pm
Forum: Personal Investments
Topic: Trust with step-up cost basis
Replies: 2
Views: 474

Trust with step-up cost basis

Is it possible to set up a trust with a step-up cost basis for your heirs? Ideally, 1) I set up a trust and fund it periodically ($10 K to $15K per year) 2) My spouse is the beneficiary of the trust 3) After both of us pass on, our kids gets a step-up cost basis Is this possible? What would be the t...
by fm3040
Sat Jun 22, 2019 8:27 pm
Forum: Personal Consumer Issues
Topic: Paris hotel recommendations for young family
Replies: 13
Views: 1271

Re: Paris hotel recommendations for young family

Fraser suites Esplanade de La Defense
  • Conveniently located near the metro with direct connection to Champs Elysees.
    Free Breakfast (if you get the rate with the breakfast) - Great spread
    Texas size rooms with a kitchen
    No riff-raff
by fm3040
Tue May 28, 2019 8:35 am
Forum: Forum Issues and Administration
Topic: Question about Site Search on Bogleheads
Replies: 7
Views: 1400

Re: Question about Site Search on Bogleheads

Thanks. The filter in Google Advanced Search works - it returns the desired results from the bogleheads site.
by fm3040
Tue May 28, 2019 8:26 am
Forum: Forum Issues and Administration
Topic: Question about Site Search on Bogleheads
Replies: 7
Views: 1400

Question about Site Search on Bogleheads

I saw an interesting post on SWR last week but I cannot find it now. The site search (using Google) shows posts that are older. How long does it take for Google to index the articles on Bogleheads so they are readily available in the results when we do a search? Is there a way to look at all posts w...
by fm3040
Thu Apr 18, 2019 2:23 pm
Forum: Personal Investments
Topic: Passing $$$ to your kids - Options?
Replies: 4
Views: 1120

Passing $$$ to your kids - Options?

For what?: - They can draw a small part of it for expenses if there is a catastrophic event in the family and the kid needs a few thousand dollars for tuition and living expenses until the parents' life insurance payments are made. An alternative would be to have a 15K emergency fund set aside in a...
by fm3040
Tue Apr 16, 2019 9:41 am
Forum: Personal Consumer Issues
Topic: Trip to Central Asia. Do you need a CC?
Replies: 44
Views: 3791

Re: Trip to Central Asia. Do you need a CC?

Make sure that you call the credit card company in advance and let them know about the travel destinations and dates. This will ensure that the credit card does not get blocked for suspected fraudulent activity.
by fm3040
Tue Apr 09, 2019 11:48 am
Forum: Personal Investments
Topic: 529 Plan - Withdrawal related questions
Replies: 17
Views: 1315

529 Plan - Withdrawal related questions

Scenario: You invested $60K with your kid as the beneficiaary, and the account is at $100K at the time your kid enters college. 1) Can you withdraw the principal of $60K without any penalty or tax exposure? 2) If principal is withdrawn, when can it be first withdrawn without penalty? How is it kept ...
by fm3040
Wed Jan 09, 2019 6:52 pm
Forum: Personal Investments
Topic: Advice needed for a young person
Replies: 7
Views: 520

Advice needed for a young person

A friend's young son thinks that he can make a lot of money by trading stocks. What would be a good eye opener for him?
Need a recommendation of books that can drive home the point to a young person that indexing is the way to go.
by fm3040
Wed Jan 09, 2019 6:44 pm
Forum: Personal Investments
Topic: Advice needed for a young person
Replies: 6
Views: 502

Advice needed for a young person

A friend's young son thinks that he can make a lot of money by trading stocks. What would be a good eye opener for him?
Need a recommendation of books that can drive home the point to a young person that indexing is the way to go.
by fm3040
Sat Sep 01, 2018 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: Excessive Emergency Room Charges - Options?
Replies: 207
Views: 14111

Re: Excessive Emergency Room Charges - Options?

Charges are piling up from other healthcare providers as well plus a surgery in the offing. Pay up by the end of the year. Charge to credit cards and get some miles out of them.
by fm3040
Mon Aug 27, 2018 11:15 pm
Forum: Investing - Theory, News & General
Topic: Small and Midcap Value, Small Value Intl - Non-Vanguard ETFs from Vanguard
Replies: 5
Views: 1055

Re: Small and Midcap Value, Small Value Intl - Non-Vanguard ETFs from Vanguard

All these will be in taxable accounts.

Theoretical,
Tax efficiency considerations for your suggestions above?
by fm3040
Mon Aug 27, 2018 11:03 pm
Forum: Non-US Investing
Topic: Retiring to USA from Australia
Replies: 22
Views: 1688

Re: Retiring to USA from Australia

The could invest $500K in a venture that creates the required number of jobs so they qualify for an investment visa which will get them their green card quick. You can talk to an immigration attorney about this.
by fm3040
Mon Aug 27, 2018 6:07 pm
Forum: Personal Finance (Not Investing)
Topic: Excessive Emergency Room Charges - Options?
Replies: 207
Views: 14111

Re: Excessive Emergency Room Charges - Options?

Insurance - Cigna Open Insurance - HSA 2K in-network deductible and 6K out-of-network
by fm3040
Mon Aug 27, 2018 6:02 pm
Forum: Investing - Theory, News & General
Topic: Small and Midcap Value, Small Value Intl - Non-Vanguard ETFs from Vanguard
Replies: 5
Views: 1055

Small and Midcap Value, Small Value Intl - Non-Vanguard ETFs from Vanguard

I have been buying the below ETFs over the years for small and mid-cap value, international small and a little bit of emerging markets exposure. Now that Vanguard offers non-Vanguard ETFs commission-free, please suggest what you think are better alternative ETFs for these asset classes. VOE VANGUARD...
by fm3040
Sun Aug 26, 2018 11:09 am
Forum: Personal Finance (Not Investing)
Topic: Online purchase of Honda (Clarity Plug-In Hybrid) - No-nonsense pricing
Replies: 2
Views: 573

Online purchase of Honda (Clarity Plug-In Hybrid) - No-nonsense pricing

Any suggestions for car dealers that offer no-nonsense online pricing for a Honda Clarity plug-in hybrid?

I remember seeing suggestions for Subaru in this forum. Heuberger Subaru (Colorado) was recommended and they had much better pricing than our local Subaru dealers.
by fm3040
Mon Aug 20, 2018 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: Excessive Emergency Room Charges - Options?
Replies: 207
Views: 14111

Re: Excessive Emergency Room Charges - Options?

I know I will pay my bills as I always have. I was just upset that Billing Services was not willing to work with me on reducing what seemed like and likely are exorbitant charges. When I asked about monthly payments, she did not offer me anything more than 6 equal payments. As they will not report i...
by fm3040
Mon Aug 20, 2018 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: Excessive Emergency Room Charges - Options?
Replies: 207
Views: 14111

Re: Excessive Emergency Room Charges - Options?

Nisiprius,

I looked at the link you posted and Texas has "Insurer hold harmless requirement". What would be my next step here?

Insurer hold harmless requirement A requirement that insurers pay providers their billed charges or some lower amount that is acceptable to the provider.
by fm3040
Mon Aug 20, 2018 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: Excessive Emergency Room Charges - Options?
Replies: 207
Views: 14111

Re: Excessive Emergency Room Charges - Options?

Can you keep them from sending to collections if you set up an auto-pay from your bank for $5 a month?
by fm3040
Mon Aug 20, 2018 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: Excessive Emergency Room Charges - Options?
Replies: 207
Views: 14111

Re: Excessive Emergency Room Charges - Options?

Yes, the numbers match up with the EOB document from the insurance company.
by fm3040
Mon Aug 20, 2018 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: Excessive Emergency Room Charges - Options?
Replies: 207
Views: 14111

Re: Excessive Emergency Room Charges - Options?

Much much less. An ultrasound should not cost more than $200.
by fm3040
Mon Aug 20, 2018 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: Excessive Emergency Room Charges - Options?
Replies: 207
Views: 14111

Excessive Emergency Room Charges - Options?

I went to an ER facility at a local hospital last month and they sent me a bill to pay $900+ in addition to my co-pay of $300 that I paid during the visit(all this for an ultrasound ($900+ for ultrasound alone), X-ray and an NSAID tablet after my insurance company paid them around $588) I called the...
by fm3040
Wed Aug 01, 2018 11:45 am
Forum: Personal Investments
Topic: Roth 401K vs Pre-Tax 401K - Advice for a 53 year old
Replies: 7
Views: 727

Roth 401K vs Pre-Tax 401K - Advice for a 53 year old

A friend of mine is 53 years old and is in the 28% tax bracket. She contributes $18,500 in pre-tax along with a catch-up in pre-tax of $6000 this year. She does not plan on withdrawing her current retirement contributions before RMDs kick in (at which time she expects household income including RMDs...
by fm3040
Mon Jul 30, 2018 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: Soc Sec benefit estimates: Anyone get a nasty surprise when filing?
Replies: 61
Views: 8689

Re: Soc Sec benefit estimates: Anyone get a nasty surprise when filing?

Your payment would be about
$2,978 a month
at full retirement age


At full retirement age, will I get $2,978 in today's dollars or is it the actual amount($2978) that I can bank on 14 years from now given continuous employment until then, etc?
by fm3040
Fri Jan 26, 2018 9:25 am
Forum: Personal Finance (Not Investing)
Topic: Rhino Retirement Analyzer
Replies: 4
Views: 1024

Re: Rhino Retirement Analyzer

bump...