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Viewing profile - cusetownusa

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cusetownusa
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Joined: Tue Oct 20, 2009 11:43 am
Last visited: Tue Feb 17, 2015 6:38 pm
Total posts: 26
[0.03% of all posts / 0.01 posts per day]
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Most active forum: Personal Finance
[ 25 Posts / 96.15% of user’s posts ]
Most active topic: Should I max out all tax deferred accounts?
[ 9 Posts / 34.62% of user’s posts ]

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cusetownusa Posts

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 Forum: Personal Finance   Topic: Stocks To Sell Off From This 1525-1530 Area in the S&P 500

Posted: Tue Apr 16, 2013 8:53 am 

Replies: 208
Views: 27026


Don't know why but I love this thread.

 Forum: Personal Finance   Topic: Net worth question - Trad Pension

Posted: Wed Apr 10, 2013 2:15 pm 

Replies: 11
Views: 2772


The calculation should be pretty easy. Typically it is avg of 5 highest years salary and then a % of that earned for every year worked. What you need to be careful of, and this would always worry me, is if they were ever take the pension away. What's earned is earned, but you won't get anything goi...

 Forum: Personal Finance   Topic: Net worth question - Trad Pension

Posted: Wed Apr 10, 2013 2:12 pm 

Replies: 11
Views: 2772


Is she vested so far? So if she did quit today, she would start getting paid at 55? If so, I would include it in net worth. Calculating present value of expected future payments seems like a good choice. Yes...makes since. That is basically what I did...I know what she would receive starting at age...

 Forum: Personal Finance   Topic: Net worth question - Trad Pension

Posted: Wed Apr 10, 2013 7:34 am 

Replies: 11
Views: 2772


The calculation should be pretty easy. Typically it is avg of 5 highest years salary and then a % of that earned for every year worked. What you need to be careful of, and this would always worry me, is if they were ever take the pension away. What's earned is earned, but you won't get anything goi...

 Forum: Personal Finance   Topic: Net worth question - Trad Pension

Posted: Tue Apr 09, 2013 10:39 am 

Replies: 11
Views: 2772


the pension i have provides a calculator where you can input start date, interest rates, raises etc. as far as networth, the value of it today is if I was to roll it over to an IRA. I track this value monthly and include it in my networth. I just checked the NYS teachers pension website and none of...

 Forum: Personal Finance   Topic: Net worth question - Trad Pension

Posted: Tue Apr 09, 2013 8:27 am 

Replies: 11
Views: 2772


I was just curious...for those of you that have a traditional pension how do you include that into your Net worth/retirement projections? I like to track my net worth but not sure if I should or how to include the pension as part of the equation. My wife and I are in our early thirties and my wife i...

 Forum: Personal Finance   Topic: Has anybody invested with Intermodal Wealth for 13.5% ROI?

Posted: Mon Apr 08, 2013 10:40 am 

Replies: 7
Views: 12258


sounds legit to me...seems like the perfect place for me to invest my millions that I will get from this Nigerian guy who emailed me today.

 Forum: Personal Finance   Topic: Should I max out all tax deferred accounts?

Posted: Fri Dec 21, 2012 10:16 am 

Replies: 34
Views: 5271


No 457 That is quite the spreadsheet...lots of assumptions but pretty much confirms what I thought...I am better off in a taxable account. After putting a lot of thought into this I decided that I am not going to contribute to her 403b. Between my SEP IRA (high contribution limit) and her generous p...

 Forum: Personal Finance   Topic: Should I max out all tax deferred accounts?

Posted: Wed Dec 19, 2012 10:09 am 

Replies: 34
Views: 5271


The real question, or missing piece to the puzzle, is what will your wife do in the future? Well, the other missing piece is what your goals are. But, if your wife only truly believes she will work for another 5-10 years, perhaps the 403b isn't so bad. You suck up the high fees for the initial year...

 Forum: Personal Finance   Topic: Should I max out all tax deferred accounts?

Posted: Wed Dec 19, 2012 10:03 am 

Replies: 34
Views: 5271


That sounds terrible enough to be not worth investing in. Is that the only option? Sometimes an employer offers multiple 403(b) plans. Or allows multiple companies to offer plans to their employees. My wife had her choice amongst a double digit number of 403(b) providers, most of which were terribl...

 Forum: Personal Finance   Topic: Should I max out all tax deferred accounts?

Posted: Wed Dec 19, 2012 8:50 am 

Replies: 34
Views: 5271


Just wanted to provide and update. I met with my wife's 403B advisor from ING last night. First thing I learned about 403b's is that we can't just make contributions to the plan whenever we want ( i am used to my SEP IRA)...has to be set up through payroll. So maxing out the 403b for 2012 isn't an o...

 Forum: Personal Finance   Topic: Should I max out all tax deferred accounts?

Posted: Tue Dec 11, 2012 1:12 pm 

Replies: 34
Views: 5271


That's a good catch Stan. The way I see the OP's "rough" above the line taxes is ~$230k. less "employer's half" of FICA ($7k), less SEPIRA ($33k), and perhaps a few other things. This brings them down to approx $190k, need to get to $179k. OP's wife may can do a "backdoor&q...

 Forum: Personal Finance   Topic: Should I max out all tax deferred accounts?

Posted: Tue Dec 11, 2012 1:08 pm 

Replies: 34
Views: 5271


You should be realistic about whether your wife will go back to work or not. You should also approach the topic carefully with your wife, as very few modern day american women like to be told to do anything when it comes to their career. BUT, just from observations, many women say they want a caree...

 Forum: Personal Finance   Topic: Should I max out all tax deferred accounts?

Posted: Fri Dec 07, 2012 11:49 am 

Replies: 34
Views: 5271


Thanks everyone...your input has been helpful. Bichon, I will be putting together a formal plan with my wife...thanks for that link. ABout the 403b...that was my concern as well. The 403b plan for NYS teachers is controlled by the Union and it is notoriously bad. A few years back they got in trouble...
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