Search found 602 matches

by Alskar
Mon Aug 03, 2015 7:36 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited IRA - Push vs Pull
Replies: 26
Views: 1385

Re: Inherited IRA - Push vs Pull

Brokerage says: 1. "I've worked here 40 years and never seen a "Push IRA", only "Pull IRAs". Why not let us do the transfer paperwork? It will only take 5 minutes[/b] I'm going through much of the same thing right now. My situation is slightly different than yours in that m...
by Alskar
Mon Jul 13, 2015 8:33 pm
Forum: Personal Consumer Issues
Topic: Desktop wifi connection + keyboard
Replies: 9
Views: 643

Re: Desktop wifi connection + keyboard

Keyboard: in the 90s [?] keyboards had a firm touch and a sharp click. Can anyone recommend such a keyboard today, best if it has some sort of illumination. Thank you Since I spend about 6+ hours a day on my keyboard, its touch is extremely important to me. I love my SIIG "Premium USB Keyboard...
by Alskar
Mon Jul 06, 2015 12:56 pm
Forum: Personal Consumer Issues
Topic: Vanguard's Security image going away?
Replies: 81
Views: 8223

Re: Vanguard's Security image going away?

What do you think about Vanguard discontinuing the security image? I think it is long overdue. Security images come under the general rubric of "security theater" (the appearance of adding security without actually adding security) in my view. I think website that use security images and ...
by Alskar
Sun Jul 05, 2015 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: Obsessing towards zero balance on credit card.
Replies: 135
Views: 10975

Re: Obsessing towards zero balance on credit card.

Seriously. Automate your financial life. I pay bills early just like you do all the time for the same reasons, but not bills I can set up to autopay every month automatically and forget about. I would add that this is one of the places a reward checking account can help. I'm earning 1.75% on the fi...
by Alskar
Thu Jul 02, 2015 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: Obsessing towards zero balance on credit card.
Replies: 135
Views: 10975

Re: Obsessing towards zero balance on credit card.

So here're my questions for those of you who pay in full each month: How often do you check and pay your credit card(s) in full each month? What's your method? All of my credit cards are setup to pay the entire balance automatically once per month on the due date via an ACH withdrawal from my rewar...
by Alskar
Fri May 01, 2015 6:24 pm
Forum: Personal Finance (Not Investing)
Topic: 401k Record Keeping Fee
Replies: 82
Views: 7390

Re: 401k Record Keeping Fee

You're suggesting that it's okay to spend $500 for floormats for a $50K car because $500 is a small percentage of $50K No I'm not. I'm suggesting that If your 401k total expenses are less than 30 bps you are doing far better than 80%-90% of America and you shouldn't be complaining. You could certai...
by Alskar
Fri May 01, 2015 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: 401k Record Keeping Fee
Replies: 82
Views: 7390

Re: 401k Record Keeping Fee

Your total cost is what matters. What is your total cost as a % of your invested assets? That certainly is the opinion of 401k advisers, TPA's, and car sales people, but I complete disagree. You're suggesting that it's okay to spend $500 for floormats for a $50K car because $500 is a small percenta...
by Alskar
Mon Apr 27, 2015 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: 401k Record Keeping Fee
Replies: 82
Views: 7390

Re: 401k Record Keeping Fee

That sounds like a bargain to me. Mine is 75bps. If my account value is $30k, I pay $225/year in garbage costs vs if it were in an IRA. The tax deduction is worth it. I suspect you're conflating or commingling record keeping expenses with other administrative, custodial and/or investment expenses. ...
by Alskar
Sat Apr 25, 2015 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: 401k Record Keeping Fee
Replies: 82
Views: 7390

401k Record Keeping Fee

I missed some important data in The 401k Averages Book, 12th Edition . As I was getting ready to return the book I glanced at the index and noticed they list the larger plans in the middle of the book not at the end. Odd... In any case, for plans with 2000 participants and $100M in assets ($50K aver...
by Alskar
Thu Apr 16, 2015 9:39 pm
Forum: Personal Finance (Not Investing)
Topic: 401k Record Keeping Fee
Replies: 82
Views: 7390

Re: 401k Record Keeping Fee

Alskar, Can you confirm your numbers? Based on what you've provided, the average account balance is $216k. That's almost 2.5 times the national average. Certainly possible, but not normal. Also, is there something specific to your plan such as company stock as an investment, or self-directed broker...
by Alskar
Mon Apr 13, 2015 11:20 pm
Forum: Personal Finance (Not Investing)
Topic: 401k Record Keeping Fee
Replies: 82
Views: 7390

Re: 401k Record Keeping Fee

I was able to obtain a copy of The 401k Averages Book, 12th Edition through my library's interlibrary loan program. It is copyrighted 2011. It is the most recent version I could get without buying a copy. Many thanks to the Albert S. Cook Library in Towson, MD for the loan! According to this source,...
by Alskar
Mon Apr 13, 2015 11:03 pm
Forum: Personal Finance (Not Investing)
Topic: 401k Record Keeping Fee
Replies: 82
Views: 7390

Re: 401k Record Keeping Fee

I assumed your description meant $65 flat fee, no other fees (except transactional like loans and expense ratios) If you are paying $65 per participant record keeping, plus an asset based administration fee, and then the expense ratio on the investments, then yes, I would say that seems high. I pay...
by Alskar
Sat Apr 04, 2015 11:08 pm
Forum: Personal Finance (Not Investing)
Topic: 401k Record Keeping Fee
Replies: 82
Views: 7390

Re: 401k Record Keeping Fee

In any event, in most cases the recordkeeping/administrative/custodial fee is not a "flat fee" but a percentage-of-assets fee. In my wife's Transamerica plan, the fee is 0.15% per year, charged on a quarterly pro-rata basis (0.0375%). If one has $100,000 in the plan, this fee is $37.50. F...
by Alskar
Tue Mar 31, 2015 9:39 pm
Forum: Personal Finance (Not Investing)
Topic: 401k Record Keeping Fee
Replies: 82
Views: 7390

Re: 401k Record Keeping Fee

A person can (and should) contribute to both an IRA and 401k - assuming cash flow and budget allow. And, assuming they are below the required income levels. In general one cannot deduct one's contribution to an IRA if one is eligible to participate in a retirement plan such as a 401k through one's ...
by Alskar
Tue Mar 31, 2015 9:32 pm
Forum: Personal Finance (Not Investing)
Topic: 401k Record Keeping Fee
Replies: 82
Views: 7390

Re: 401k Record Keeping Fee

Sorry for being away so long. I've got an ailing father that needed attention. I will try to address several highlights in one go: First: Whether I can afford $65/year for record keeping is really a moot point. Based on my experience, $65/year for record keeping is outrageous. Since Employee Fiducia...
by Alskar
Thu Mar 26, 2015 1:08 am
Forum: Personal Finance (Not Investing)
Topic: 401k Record Keeping Fee
Replies: 82
Views: 7390

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
Sun Mar 15, 2015 5:03 pm
Forum: Personal Finance (Not Investing)
Topic: 401k Record Keeping Fee
Replies: 82
Views: 7390

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 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: 401k Record Keeping Fee
Replies: 82
Views: 7390

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 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: 401K leaving employer
Replies: 28
Views: 2731

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 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: 401K leaving employer
Replies: 28
Views: 2731

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 12:32 am
Forum: Personal Finance (Not Investing)
Topic: 401K leaving employer
Replies: 28
Views: 2731

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
Tue Jan 27, 2015 6:54 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax '14 Deluxe (Desktop) Excludes Schedule D
Replies: 223
Views: 32937

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
Sun Jan 25, 2015 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax '14 Deluxe (Desktop) Excludes Schedule D
Replies: 223
Views: 32937

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
Thu Jan 22, 2015 8:50 pm
Forum: Personal Finance (Not Investing)
Topic: Rank These 401(k) Providers
Replies: 33
Views: 3175

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
Wed Jan 14, 2015 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: Invitation for a Visa Black Card
Replies: 18
Views: 2825

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 7:31 pm
Forum: Personal Finance (Not Investing)
Topic: Invitation for a Visa Black Card
Replies: 18
Views: 2825

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 12:12 am
Forum: Personal Finance (Not Investing)
Topic: Invitation for a Visa Black Card
Replies: 18
Views: 2825

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
Mon Jan 12, 2015 8:02 pm
Forum: Personal Finance (Not Investing)
Topic: Why not just let cash be cash?
Replies: 27
Views: 2701

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
Fri Jan 09, 2015 7:35 pm
Forum: Personal Finance (Not Investing)
Topic: HELOC as emergency fund - what am I missing?
Replies: 11
Views: 1758

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 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: How to break up with an advisor
Replies: 33
Views: 3446

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
Sun Jan 04, 2015 1:32 am
Forum: Personal Finance (Not Investing)
Topic: book for young savers
Replies: 5
Views: 1337

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 1:27 am
Forum: Personal Finance (Not Investing)
Topic: Flagship [Switch Vanguard Financial Advisor]
Replies: 8
Views: 1696

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
Mon Dec 22, 2014 8:20 pm
Forum: Investing - Theory, News & General
Topic: Schwab's poor security
Replies: 39
Views: 3232

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
Fri Dec 19, 2014 5:36 pm
Forum: Personal Finance (Not Investing)
Topic: Federal Tax Credit for Electric Vehicles
Replies: 3
Views: 565

Re: Federal Tax Credit for Electric Vehicles

Thank you dbltrbl and mmmodem!
by Alskar
Thu Dec 18, 2014 9:42 pm
Forum: Personal Finance (Not Investing)
Topic: Federal Tax Credit for Electric Vehicles
Replies: 3
Views: 565

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
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: 2258

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
Thu Dec 11, 2014 8:38 pm
Forum: Personal Consumer Issues
Topic: Appliance warranty question
Replies: 6
Views: 680

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 7:42 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax '14 Deluxe (Desktop) Excludes Schedule D
Replies: 223
Views: 32937

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 Nov 20, 2014 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance for Electric Vehicle (EV)
Replies: 5
Views: 1172

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 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance for Electric Vehicle (EV)
Replies: 5
Views: 1172

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
Tue Nov 18, 2014 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance for Electric Vehicle (EV)
Replies: 5
Views: 1172

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 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: Advice Needed: Unique Situation At workplace
Replies: 28
Views: 4073

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
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: 1881

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
Fri Oct 03, 2014 6:07 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity Enhances Passwords
Replies: 11
Views: 3842

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 5:09 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity Enhances Passwords
Replies: 11
Views: 3842

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 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity Enhances Passwords
Replies: 11
Views: 3842

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 5:04 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity Enhances Passwords
Replies: 11
Views: 3842

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
Thu Oct 02, 2014 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity Enhances Passwords
Replies: 11
Views: 3842

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
Mon Sep 29, 2014 5:24 pm
Forum: Investing - Help with Personal Investments
Topic: Unable to access Vanguard funds
Replies: 6
Views: 629

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 4:50 pm
Forum: Personal Finance (Not Investing)
Topic: Can/Should Vanguard Provide the advice and services I need?
Replies: 7
Views: 772

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...

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