Comments on: 2006 Year-End Review I: Financial Moves http://www.thesunsfinancialdiary.com/about-me/2006-year-end-review-i-financial-moves/ Fri, 03 Feb 2012 17:42:24 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: The Sunhttp://www.thesunsfinancialdiary.com/about-me/2006-year-end-review-i-financial-moves/#comment-2604 The Sun Fri, 16 Feb 2007 16:22:23 +0000 http://www.thesunsfinancialdiary.com/2006/12/29/2006-year-end-review-i-financial-moves/#comment-2604 John: Depends on what you have with Fidelity. If it's a domestic fund (either blend or equity), then investing in VGTSX makes sense as it gives you the international exposure. Otherwise (which means you already have a foreign fund), VTSMX may be the to go. With this fund, you won't have extraordinary returns, but whatever the market offers at a very low cost. John: Depends on what you have with Fidelity. If it’s a domestic fund (either blend or equity), then investing in VGTSX makes sense as it gives you the international exposure. Otherwise (which means you already have a foreign fund), VTSMX may be the to go. With this fund, you won’t have extraordinary returns, but whatever the market offers at a very low cost.

]]> By: Johnhttp://www.thesunsfinancialdiary.com/about-me/2006-year-end-review-i-financial-moves/#comment-2521 John Thu, 15 Feb 2007 22:46:56 +0000 http://www.thesunsfinancialdiary.com/2006/12/29/2006-year-end-review-i-financial-moves/#comment-2521 Sun, thanks for the explanation. I plan to contribute a total of $5,500 to Roth IRA at Vanguard (I've already contributed $2,5000 at Fidelity). Among VTSMX, VGTSX and VWELX, which one would you recommend? It seems I can only invest on one fund becase according to Vanguard web page, the first two funds require a minimum of $3,000 and the Wellington fund require a minimum of $10,000. Thanks again for the help. Sun, thanks for the explanation. I plan to contribute a total of $5,500 to Roth IRA at Vanguard (I’ve already contributed $2,5000 at Fidelity). Among VTSMX, VGTSX and VWELX, which one would you recommend? It seems I can only invest on one fund becase according to Vanguard web page, the first two funds require a minimum of $3,000 and the Wellington fund require a minimum of $10,000. Thanks again for the help.

]]> By: The Sunhttp://www.thesunsfinancialdiary.com/about-me/2006-year-end-review-i-financial-moves/#comment-2486 The Sun Thu, 15 Feb 2007 05:28:15 +0000 http://www.thesunsfinancialdiary.com/2006/12/29/2006-year-end-review-i-financial-moves/#comment-2486 John: You are right, the deadline to open an IRA account is not the end of the calendar year, but rather the date to fill tax returns, which is April 15th. So you still have time to make 2006 contributions. Whether you send a check of $4000 or $8000 won't make a difference on how they are invested. You can always write down the Memo that $4000 is for 2006 and $4000 is for 2007 if you are sending a check. To make sure the brokerage firm keeps the record right, which is the only thing that matters in this case, give them a call when they receive your check and tell them its for both 2006 and 2007 so they won't you over-contribute in one calendar year. John: You are right, the deadline to open an IRA account is not the end of the calendar year, but rather the date to fill tax returns, which is April 15th. So you still have time to make 2006 contributions. Whether you send a check of $4000 or $8000 won’t make a difference on how they are invested. You can always write down the Memo that $4000 is for 2006 and $4000 is for 2007 if you are sending a check. To make sure the brokerage firm keeps the record right, which is the only thing that matters in this case, give them a call when they receive your check and tell them its for both 2006 and 2007 so they won’t you over-contribute in one calendar year.

]]> By: Johnhttp://www.thesunsfinancialdiary.com/about-me/2006-year-end-review-i-financial-moves/#comment-2481 John Thu, 15 Feb 2007 01:51:55 +0000 http://www.thesunsfinancialdiary.com/2006/12/29/2006-year-end-review-i-financial-moves/#comment-2481 Sun,>> I am very happy with this part as we contributed >> $8,000 into our Roth IRA accounts in 2006, though >> we have until April 14th, 2007 to do so.A simple question as I'm new to Roth IRA.. I didn't make any contribution to Roth IRA last year. Now that it's Feb. 2007 (but well before Apr 14), can I still contribute to last year's (2006) Roth IRA? From your post it seems so. If this is true then it means I can contribute a total of $8000 at this time - $4000 for 2006 and $4000 for 2007? How do they know which is for which years? Thanks. Sun,

>> I am very happy with this part as we contributed
>> $8,000 into our Roth IRA accounts in 2006, though
>> we have until April 14th, 2007 to do so.

A simple question as I’m new to Roth IRA.. I didn’t make any contribution to Roth IRA last year. Now that it’s Feb. 2007 (but well before Apr 14), can I still contribute to last year’s (2006) Roth IRA? From your post it seems so. If this is true then it means I can contribute a total of $8000 at this time – $4000 for 2006 and $4000 for 2007? How do they know which is for which years? Thanks.

]]> By: Bobhttp://www.thesunsfinancialdiary.com/about-me/2006-year-end-review-i-financial-moves/#comment-899 Bob Sun, 31 Dec 2006 05:08:52 +0000 http://www.thesunsfinancialdiary.com/2006/12/29/2006-year-end-review-i-financial-moves/#comment-899 Keep it up Sun.Will closely follow your blog in 2007. Keep it up Sun.Will closely follow your blog in 2007.

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