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Re: 401k Record Keeping Fee

What are the ER's on their index and Target Retirement funds? They range from 5 bps to 15 bps for index funds and around 50 bps for target date funds. This is extremely good in my experience, but most of the funds are co-mingled funds. I'm not a fan of co-mingled funds; too much opportunity for hid...
by Alskar
Thu Mar 26, 2015 1:08 am
 
Forum: Personal Finance (Not Investing)
Topic: 401k Record Keeping Fee
Replies: 33
Views: 2078

Re: 401k Record Keeping Fee

JamesSFO wrote:Try brightscope - http://www.brightscope.com/

I tried Brightscope. They gave the plan a 79%. Not bad, but the record keeping fee of $65 seems ridiculous for a plan with over $1B in assets.
by Alskar
Sun Mar 15, 2015 5:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: 401k Record Keeping Fee
Replies: 33
Views: 2078

401k Record Keeping Fee

I just started at a new company. In about a week I will be eligible to start contributing to the 401k plan. It took a month to get my new employer to give me the mandatory 408(b) fee disclosure. I was a bit shocked to learn that I will be paying $65 per year for record keeping. This is a plan with s...
by Alskar
Sun Mar 15, 2015 3:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: 401k Record Keeping Fee
Replies: 33
Views: 2078

Re: 401K leaving employer

cherijoh wrote:Yikes - does this mean you are on your 10th employer?

Yes indeed! Welcome to the nasty world of high-tech! For the record, I'm only 54. I expect to have at least 2-3 more employers before I retire.
by Alskar
Sun Mar 15, 2015 1:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: 401K leaving employer
Replies: 25
Views: 1854

Re: 401K leaving employer

So you religiously rolled over to new employer 401K so it is all in one place? I suppose one needs to think if there is "enough" in a Roth IRA (there is never enough) and forgo the Backdoor, and decide that the $5500 previously allocated goes to an after-tax account? The ability to Backdo...
by Alskar
Sun Mar 15, 2015 1:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: 401K leaving employer
Replies: 25
Views: 1854

Re: 401K leaving employer

Why then, besides creditor protection, would one not roll to an IRA? To be eligible for a backdoor Roth IRA contribution is about the only reason I can think of besides creditor protection. FWIW, I just did my 9th 401k rollover. I now reflexivity rollover my 401k as soon as I leave an employer. I'm...
by Alskar
Sun Mar 15, 2015 12:32 am
 
Forum: Personal Finance (Not Investing)
Topic: 401K leaving employer
Replies: 25
Views: 1854

Re: TurboTax '14 Deluxe (Desktop) Excludes Schedule D

I'll gladly take my $25 refund this year then switch to TaxACT for 2015 anyway. One too many shakedowns disguised as "a lack of communication or a lack of customer-focused research" or whatever nonsense you can come up with Intuit...been using TurboTax for over 15 years. Buh-bye... +1. I'...
by Alskar
Tue Jan 27, 2015 6:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: TurboTax '14 Deluxe (Desktop) Excludes Schedule D
Replies: 223
Views: 31130

Re: TurboTax '14 Deluxe (Desktop) Excludes Schedule D

This thread is too long for me to read all of the details, so forgive me if this has already been posted: Intuit is offering 50% off their TurboTax products until midnight on 1/26/2015: https://turbotax.intuit.com/lp/ty14/desktop/lp3.htm?priorityCode=1899700000&cid=em_31440_024_003 . I called ye...
by Alskar
Sun Jan 25, 2015 2:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: TurboTax '14 Deluxe (Desktop) Excludes Schedule D
Replies: 223
Views: 31130

Re: Rank These 401(k) Providers

FOLLOW UP: After much discussion, flailing, wailing, and gnashing of teeth my employer has decided to switch to the Vanguard Small Business plan. For those keeping track, I am now 3 for 3 in convincing employers to switch to lower cost plans or funds. My winning streak is alive! It is unclear if the...
by Alskar
Thu Jan 22, 2015 8:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Rank These 401(k) Providers
Replies: 33
Views: 2950

Re: Invitation for a Visa Black Card

Sorry, everybody gets those mailings even if they don't buy an Electric Drive. Until now, I had never received any mailings for the Visa Black Card. I do get mailings on dozens of other cards, but this was a first for me. I am not a high net-worth individual and until now, I had never been mistaken...
by Alskar
Wed Jan 14, 2015 7:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Invitation for a Visa Black Card
Replies: 18
Views: 2629

Re: Invitation for a Visa Black Card

On a sidenote, How can you get a $30K car for 10K? Several of you asked this question, so I will answer it: The MSRP for my 2015 smart ED with most of the options except for alarm system, kinetic green package and alarm system was $27,499. The dealer invoice price was $25,623. By going through the ...
by Alskar
Wed Jan 14, 2015 7:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Invitation for a Visa Black Card
Replies: 18
Views: 2629

Invitation for a Visa Black Card

I received an invitation to apply for a Visa Black Card in today's post. On the cover of the the ~20 page invitation on glossy heavy stock it says "LUXURY WITHOUT LIMITS". Since none of you actually know me it will be difficult to understand just how hilarious I find this to be. First of a...
by Alskar
Wed Jan 14, 2015 12:12 am
 
Forum: Personal Finance (Not Investing)
Topic: Invitation for a Visa Black Card
Replies: 18
Views: 2629

Re: Why not just let cash be cash?

WolfpackFan wrote:Cash loses its value due to inflation. That's why I don't have a large cash reserve.

+1 The CPI is currently running around 1.9% per year. That means if you're earning less than this, you're losing buying power holding cash.
by Alskar
Mon Jan 12, 2015 8:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Why not just let cash be cash?
Replies: 27
Views: 2550

Re: HELOC as emergency fund - what am I missing?

My HELOC sits open with a zero balance so I pay no interest on it. It is a line of credit that I use as part of my emergency fund. In this regard, I am very unBoglehead-like. I cannot tolerate having large sums of cash earning near nothing just in case I need it someday. It seems like I'm trading a ...
by Alskar
Fri Jan 09, 2015 7:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: HELOC as emergency fund - what am I missing?
Replies: 11
Views: 1551

Re: How to break up with an advisor

But he does eat a lot of shrimp at the yearly holiday party though, so there's that. My Dad and my brother are both with the same Ameriprise broker dealer. When my mom was still alive she would wax poetic about how she got roses every year on her birthday from their broker dealer. It took all of my...
by Alskar
Fri Jan 09, 2015 3:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to break up with an advisor
Replies: 33
Views: 3249

Re: book for young savers

I recommend "How a Second Grader Beats Wall Street" by our fellow Boglehead, Allan Roth.
by Alskar
Sun Jan 04, 2015 1:32 am
 
Forum: Personal Finance (Not Investing)
Topic: book for young savers
Replies: 5
Views: 1305

Re: Flagship [Switch Vanguard Financial Advisor]

I requested another financial advisor and was told that I couldn't switch. FWIW, I know of at least two high net worth clients of Vanguard that have Flagship status that got a different Flagship representative assigned to them after complaining. So it is not true that you cannot switch, but it may ...
by Alskar
Sun Jan 04, 2015 1:27 am
 
Forum: Personal Finance (Not Investing)
Topic: Flagship [Switch Vanguard Financial Advisor]
Replies: 8
Views: 1583

Re: Schwab's poor security

I've recently uncovered several bugs in Schwab's password policies and two factor authentication. I contacted them several months ago, but they frankly don't care. I thought I would post this here as an FYI. Thank you for posting this. I now feel MUCH better that I didn't move my account to Schwab....
by Alskar
Mon Dec 22, 2014 8:20 pm
 
Forum: Investing - Theory, News & General
Topic: Schwab's poor security
Replies: 39
Views: 3123

Re: Federal Tax Credit for Electric Vehicles

Thank you dbltrbl and mmmodem!
by Alskar
Fri Dec 19, 2014 5:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Federal Tax Credit for Electric Vehicles
Replies: 3
Views: 518

Federal Tax Credit for Electric Vehicles

BACKGROUND: I ordered a 2015 smart electric drive (ED) several months ago. This car is a pure electric, or what is technically called a BEV (Battery Electric Vehicle) not a hybrid. It is eligible for the full $7,500 federal tax credit for electric vehicles. I pay WAY more than $7,500 in federal taxe...
by Alskar
Thu Dec 18, 2014 9:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Federal Tax Credit for Electric Vehicles
Replies: 3
Views: 518

Re: How to automatically transfer tenants rent to my account

What we want is to be able to do the transfer automatically each month without the tenant having to do anything. Anyone know of a way to do this? I have my tenants send rent payments directly to my credit union. Most choose to do this by scheduling an automatic payment each month via the bill payer...
by Alskar
Sat Dec 13, 2014 11:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to automatically transfer tenants rent to my account?
Replies: 22
Views: 2125

Re: Appliance warranty question

Any thoughts from past experience? It's time to cut your losses and accept that you didn't get your money's worth from this appliance. It makes me feel a bit better to never, ever buy another GE appliance again. It is the only power I have as a consumer. I hold grudges like nobody I know. You may b...
by Alskar
Thu Dec 11, 2014 8:38 pm
 
Forum: Personal Consumer Issues
Topic: Appliance warranty question
Replies: 6
Views: 638

Re: TurboTax '14 Deluxe (Desktop) Excludes Schedule D

Dale_G wrote:I'll be looking at a different provider. I have used TT for at least the past 15 years, but it will be time to say bye-bye.

+1 Had enough of Intuit products. I would need to buy the Premier package this year as I need both Schedules C and D. Poor value at $99. Adios!
by Alskar
Thu Dec 11, 2014 7:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: TurboTax '14 Deluxe (Desktop) Excludes Schedule D
Replies: 223
Views: 31130

Re: Insurance for Electric Vehicle (EV)

This does appear to be a quandary. I see some ads on TV about insurance that pays for the vehicle and does not include depreciation. I think it was this one. http://www.libertymutual.com/auto-insurance/understanding-auto-coverages/new-car-replacement Assuming you replace the car, with the exact sam...
by Alskar
Thu Nov 20, 2014 3:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: Insurance for Electric Vehicle (EV)
Replies: 5
Views: 1063

Re: Insurance for Electric Vehicle (EV)

A question: Why didn't you get a LEAF for the same or less money, right off a lot? I couldn't get a LEAF for anywhere near $11K. If you know of a way to do that, please do tell! In any case, here are some reasons: ⋅ $11K selling price ⋅ Battery Assurance Plus (BAP) limits my lia...
by Alskar
Thu Nov 20, 2014 2:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Insurance for Electric Vehicle (EV)
Replies: 5
Views: 1063

Insurance for Electric Vehicle (EV)

I've always wanted an electric car. I used to build electric go-carts as a child. I kicked myself for not buying a Think City when they were going out of business a few years back. I recently turned 54. As a result of all of this and after a lifetime of working and saving I broke down and ordered an...
by Alskar
Tue Nov 18, 2014 9:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Insurance for Electric Vehicle (EV)
Replies: 5
Views: 1063

Re: Advice Needed: Unique Situation At workplace

A few years ago I took some classes in engineering management at MIT Sloan. One of the instructors said something that has stuck with me: "People join a company and quit their boss". Sound like it's time to quit his boss, but I'm not in his shoes so I cannot say for certain.
by Alskar
Tue Nov 18, 2014 3:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Advice Needed: Unique Situation At workplace
Replies: 28
Views: 4010

Re: What savings vehicle should I use for my car?

I'd put money into a reward checking account. Mine currently yields 1.75% APY. If that's too much hassle, then the online savings account others have suggested would be my second choice.

FWIW, I use my reward checking account to save for both next car and for my property taxes.
by Alskar
Thu Oct 30, 2014 1:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: What savings vehicle should I use for my car?
Replies: 35
Views: 1731

Re: Fidelity Enhances Passwords

Does this mean they no longer support phone number password entry? They were previously converting chosen passwords to keypad digit form (i.e. just numeric, not alphanumeric) in order to support entry by touch tone phone. I don't imagine there is much demand for that anymore. I was told they still ...
by Alskar
Fri Oct 03, 2014 6:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Fidelity Enhances Passwords
Replies: 11
Views: 3689

Re: Fidelity Enhances Passwords

Fidelity recently enhanced the complexity of passwords on their accounts. They increased the maximum password length to 20 characters and they now REQUIRE at least one of a few select "special characters". Previously, passwords were limited to 12 alpha-numeric characters (no special chara...
by Alskar
Fri Oct 03, 2014 5:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Fidelity Enhances Passwords
Replies: 11
Views: 3689

Re: Fidelity Enhances Passwords

G-Force wrote:Their password security before this change was a joke.

I completely agree. That's why I'm using two-factor authentication on my Fidelity accounts.
by Alskar
Fri Oct 03, 2014 5:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Fidelity Enhances Passwords
Replies: 11
Views: 3689

Re: Fidelity Enhances Passwords

Does this mean they no longer support phone number password entry? They were previously converting chosen passwords to keypad digit form (i.e. just numeric, not alphanumeric) in order to support entry by touch tone phone. I don't imagine there is much demand for that anymore. I was told they still ...
by Alskar
Fri Oct 03, 2014 5:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Fidelity Enhances Passwords
Replies: 11
Views: 3689

Fidelity Enhances Passwords

Fidelity recently enhanced the complexity of passwords on their accounts. They increased the maximum password length to 20 characters and they now REQUIRE at least one of a few select "special characters". Previously, passwords were limited to 12 alpha-numeric characters (no special charac...
by Alskar
Thu Oct 02, 2014 4:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Fidelity Enhances Passwords
Replies: 11
Views: 3689

Re: Unable to access Vanguard funds

I'll grant you that I have never had this problem, but I suspect there is a communication problem here. The OP should continue to call Vanguard to seek a resolution with account numbers in hand. The OP wrote he had already contact Vanguard 7 times, hence his frustration. This issue is apparently no...
by Alskar
Mon Sep 29, 2014 5:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: Unable to access Vanguard funds
Replies: 6
Views: 578

Re: Can/Should Vanguard Provide the advice and services I ne

There a several threads on this topic. Use the search box to find them. The Vanguard small business plan is going to be pretty expensive for just 7 employees. Employee Fiduciary ( http://www.employeefiduciary.com/ ) and The Online 401k ( http://www2.theonline401k.com/ ) are probably better options f...
by Alskar
Mon Sep 29, 2014 4:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can/Should Vanguard Provide the advice and services I need?
Replies: 7
Views: 715

Re: Unable to access Vanguard funds

This thread has more information on your situation: viewtopic.php?f=2&t=144837

What you've experienced sounds exactly like what arkady225 experienced. Maybe a PM to him would be helpful?
by Alskar
Mon Sep 29, 2014 4:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: Unable to access Vanguard funds
Replies: 6
Views: 578

Re: Advice for a Vanguard 401(k) plan?

I believe that Vanguard/Ascensus do offer advising services for a fee - this is something you could look into if you think it is important enough for your company. This is correct. I just looked up the costs: There is a 0.15% "Annual service facilitation fee" and a 0.30% "Annual fee ...
by Alskar
Thu Sep 11, 2014 7:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Advice for a Vanguard 401(k) plan?
Replies: 5
Views: 431

Re: Advice for a Vanguard 401(k) plan?

We are in the middle of transitioning from a high cost 401(k) plan to Vanguard via Ascensus. This will GREATLY decrease our fees. Some of our employees are a bit concerned, as we no longer have a high priced advisor, and they want to make sure they are "investing appropriately" Does anyon...
by Alskar
Thu Sep 11, 2014 6:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Advice for a Vanguard 401(k) plan?
Replies: 5
Views: 431

Re: Trying to get my company to switch to Vanguard 401(k)

My company has ~70 employees and recently switched to ADP with mostly Vanguard index funds. That's interesting. My current employer has an ADP plan, but none of the funds in the plan are Vanguard. The fund with the lowest ER in our ADP plan is a commingled S&P 500 fund from SSGA with an ER of 0...
by Alskar
Thu Sep 11, 2014 12:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Trying to get my company to switch to Vanguard 401(k)
Replies: 24
Views: 2241

Re: Trying to get my company to switch to Vanguard 401(k)

Can you give me any recommendations for a plan administrator for a company of around 70 employees? The funds in my 401k are pretty awful, and I am trying to talk to them to make a switch to an administrator which offers more index funds. Thanks. The Vanguard small-business plan we've been discussin...
by Alskar
Wed Sep 10, 2014 5:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Trying to get my company to switch to Vanguard 401(k)
Replies: 24
Views: 2241

Re: Trying to get my company to switch to Vanguard 401(k)

You might want to try Fidelity. I convinced my company (200 employee) to switch about 3 years ago from ING to Fidelity. Fidelity told me that they generally are not competitive for plans with less than 200 employees. The plan I'm currently in has only ~120 participants. In any case, I have all of m...
by Alskar
Wed Sep 10, 2014 4:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Trying to get my company to switch to Vanguard 401(k)
Replies: 24
Views: 2241

Re: Trying to get my company to switch to Vanguard 401(k)

Alskar: Thanks for this detailed info. I have also been looking for the cost picture as I'm sure my company's provider is non-optimal (401k established in 2001). Can you clarify two things with the pricing? 1) Which charges are recurring, and which are one-time? 2) Without any additional features (...
by Alskar
Wed Sep 10, 2014 4:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Trying to get my company to switch to Vanguard 401(k)
Replies: 24
Views: 2241

Re: Trying to get my company to switch to Vanguard 401(k)

Alskar , do you have a source/link for those numbers? Also do you know if it is different for 403b's? (My employer enquired about Vanguard being a 403b provider and was told it would cost >$100 per participant.) I don't have a link to them, but I got them directly from John Lent at Vanguard in Phoe...
by Alskar
Tue Sep 09, 2014 7:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Trying to get my company to switch to Vanguard 401(k)
Replies: 24
Views: 2241

Re: Trying to get my company to switch to Vanguard 401(k)

OP: Please search this forum and the wiki as this topic has been discussed at length very recently. There are at least three recent threads on this topic. Vanguard is extremely transparent about their 401k plan. They openly say that the record keeper is Acensus. The cost of the Vanguard 401k plan ar...
by Alskar
Thu Sep 04, 2014 5:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Trying to get my company to switch to Vanguard 401(k)
Replies: 24
Views: 2241

Re: Implementing Two-Factor Authentication for Fidelity Acco

It still amazes me that I can't find a U.S. retail bank that has reasonable two-factor security. It appears that Bank of America is pretty serious about supporting the new FIDO standard: http://www.yubico.com/2014/02/bank-america-joins-fido-alliance/ . More information on FIDO can be found on their...
by Alskar
Thu Aug 28, 2014 6:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Implementing Two-Factor Authentication for Fidelity Accounts
Replies: 48
Views: 14129

Re: Implementing Two-Factor Authentication for Fidelity Acco

The problem with Yubikey (and the reason I asked Fidelity for Verisign hardware token instead) is that Yubikey requires access to USB port, and while it is avaialble 95% of the time, the remaining 5% I may want to access Fidelity from terminal where the computer itself, and USB port on it is not av...
by Alskar
Thu Aug 28, 2014 6:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Implementing Two-Factor Authentication for Fidelity Accounts
Replies: 48
Views: 14129

Re: Using [a 401(k)] advisor for fiduciary guidance

I neglected to include 401k Averages Book: 14th Edition ( http://www.401ksource.com/ ) in my list of resources. This book costs $95 but is the most recognized source for 401k plan costs and features. If you're wanting to know the average cost for 401k features, this book is your best bet. I was able...
by Alskar
Tue Aug 26, 2014 12:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Using [a 401(k)] advisor for fiduciary guidance
Replies: 28
Views: 2751

Re: S&P500 over 2000

The Wizard wrote:In the annual Bogleheads Contest, I suspect the bulk of estimates for S&P500 at the END of 2014 are below 2000.00.
Still 4 months remaining for it to revert back there...

Come on S&P = 2017! Daddy needs that tshirt! :wink:
by Alskar
Mon Aug 25, 2014 10:57 pm
 
Forum: Investing - Theory, News & General
Topic: S&P500 over 2000
Replies: 68
Views: 5703

Re: The Worst Investment You Can Make: Buying a Home

I did the math on my house awhile back. In the 20 years I've owned it, it has increased in value a bit over 4x. When taking into account property taxes, maintenance, and rental income on the apartment in the basement but not mortgage interest it has returned about 3% a year. I consider myself fortun...
by Alskar
Fri Aug 22, 2014 7:15 pm
 
Forum: Investing - Theory, News & General
Topic: The Worst Investment You Can Make: Buying a Home
Replies: 135
Views: 17272

Re: Do you tip on the tax?

Oregon, where I live, doesn't have sales tax so I guess I tip on the total before tax. When I am outside of Oregon, I tip on the subtotal before tax. I tend to tip in cash as some places deduct money from the tip to cover the swipe fee. I typically tip 20%.
by Alskar
Fri Aug 22, 2014 6:20 pm
 
Forum: Personal Consumer Issues
Topic: Do you tip on the tax? [Restaurants]
Replies: 124
Views: 5954
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