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Re: Fidelity security issue

I have Symantec Verisign VIP two-factor authentication enabled on my Fidelity account. Here's a link to more information: http://www.bogleheads.org/forum/viewtopic.php?f=2&t=108267 I share your concern about online security. Financial institutions are not taking it seriously enough. I hope that ...
by Alskar
Mon Apr 21, 2014 8:36 pm
 
Forum: Investing - Theory, News & General
Topic: Fidelity security issue
Replies: 3
Views: 592

Re: problem with Amica, what to do next?

Telling me that I was insured when they knew that I was not going to be insured was a lie; plain and simple. The CS supervisor admitted as much. I think you're lying if you claim the CS supervisor told you that an employee lied to you. I think you're being truthful if you claim the CS supervisor to...
by Alskar
Mon Apr 21, 2014 5:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: problem with Amica, what to do next?
Replies: 23
Views: 2238

Re: Implementing Two-Factor Authentication for Fidelity Acco

I'm very curious to see if the new FIDO U2F standard being driven by Google is going to gain adoption. Here's a link: http://fidoalliance.org/ YubiKey is already demonstrating a FIDO U2F enabled token: http://www.yubico.com/products/yubikey-hardware/yubikey-neo/yubikey-neo-u2f/ FIDO U2F seems like a...
by Alskar
Fri Apr 18, 2014 6:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Implementing Two-Factor Authentication for Fidelity Accounts
Replies: 22
Views: 5203

Re: problem with Amica, what to do next?

I would never believe I was insured until I had a policy in my hand. The house sounds like a potential safety disaster. I'm not surprised that a disqualifying item took awhile to show up while all the other problems were being looked at. Having knob and tube wiring is a "...safety disaster...&...
by Alskar
Thu Apr 17, 2014 10:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: problem with Amica, what to do next?
Replies: 23
Views: 2238

Re: problem with Amica, what to do next?

From conversations with their customer service lead it was apparent immediately after the onsite inspection that I was not going to be insured. The honest thing would have been to just say so. Instead, they repeatedly told me over the next two weeks that it was okay to cancel my existing insurance ...
by Alskar
Thu Apr 17, 2014 10:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: problem with Amica, what to do next?
Replies: 23
Views: 2238

Re: problem with Amica, what to do next?

Apparently, they had known for weeks and weeks that they weren't going to insure me, but kept me jumping through hoops anyway. If they had just asked about knob-and-tube wiring or flat roofs in the first place, it would have saved all of us a bunch of time and money. I felt this was extremely disho...
by Alskar
Tue Apr 15, 2014 9:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: problem with Amica, what to do next?
Replies: 23
Views: 2238

Re: problem with Amica, what to do next?

A few years back, I had a similar issue with Amica. I was shopping around for new insurance. I spent 2 hours on the phone on a Saturday talking to their agent and answering questions. I got the quote and decided to go ahead and change to Amica. They required an onsite inspection which required me to...
by Alskar
Tue Apr 15, 2014 2:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: problem with Amica, what to do next?
Replies: 23
Views: 2238

Re: Slomo (PHYSICIAN)

Inspiring...Slomo is my new hero!
by Alskar
Mon Apr 07, 2014 6:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Slomo (PHYSICIAN)
Replies: 4
Views: 904

Re: Rank These 401(k) Providers

Thanks everybody for sharing your insights and experience; much appreciated! Rather than respond to each post separately, I will just respond here: Employee Fiduciary, Vanguard small-business, Online 401(k) and a few other less well known 401(k) providers were on the list I gave HR. For whatever rea...
by Alskar
Mon Mar 31, 2014 3:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Rank These 401(k) Providers
Replies: 32
Views: 2202

Rank These 401(k) Providers

For the third time in my career, I'm working to get my employer to provide a better 401(k) plan. I was successful the first two times. I hope to be successful again, but I've been thrown for a loop by some 401(k) providers that were NOT on the list I recommended. I could use some input: The current ...
by Alskar
Fri Mar 28, 2014 8:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Rank These 401(k) Providers
Replies: 32
Views: 2202

Re: Customer service - Vanguard vs Fidelity

I know there are lot of people here who swear by Vanguard. But I felt they had terrible customer service when compared to Fidelity. I was amazed by rudeness of their support people. First it took me forever to reach someone to talk to. Then rudeness. But fidelity seems to have amazing customer serv...
by Alskar
Fri Mar 28, 2014 8:08 pm
 
Forum: Investing - Theory, News & General
Topic: Customer service - Vanguard vs Fidelity
Replies: 80
Views: 6646

Re: Previously undisclosed 401(k) AUM Fee

Thanks for the detailed and informative response. Based on what you said, I looked up the fee disclosure last provided to me. It states: "Expenses for administrative services provided to the plan may be charged to your account. These services include Recordkeeping (e.g. valuing participant acc...
by Alskar
Wed Mar 26, 2014 3:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Previously undisclosed 401(k) AUM Fee
Replies: 5
Views: 570

Re: Previously undisclosed 401(k) AUM Fee

I'm not a expert on this, but I have been on several 401(k) committees. Here's my view: Starting in July 2012 plan sponsors were required to disclose all fees associated with their 401(k) plans. In my experience this disclosure has taken the form of "Participant Fee Disclosure" document th...
by Alskar
Tue Mar 25, 2014 9:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Previously undisclosed 401(k) AUM Fee
Replies: 5
Views: 570

Re: Updated opinions about Ally Bank?

At this point Ally cannot provide me with a form that meets their requirements for Medallion Signature Guarantee (MSG) and/or notary. Ally insists that I use the receiving institutions form (a credit union) but that form doesn't meet Ally's requirements. So we're at loggerheads. <snip> At this poin...
by Alskar
Tue Mar 18, 2014 3:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Updated opinions about Ally Bank?
Replies: 61
Views: 6141

Re: Updated opinions about Ally Bank?

I've had a savings account at Ally since 2008. I bought my first Ally IRA CD in October 2013 (a 3 month CD) with the intent to get the 0.25% loyalty bonus when it matured in December 2013. Ally changed their EWP and their rates dropped significantly, so my plan fell apart. That's fine. I don't begru...
by Alskar
Mon Mar 17, 2014 1:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Updated opinions about Ally Bank?
Replies: 61
Views: 6141

Re: Why bad/expensive 401(k)s will likely always be with us

My current employer's 401(k) plan has over 100 participants and over $1M in assets but they're paying 5x more in management fees while offering funds with really high ER's. They could save the company over $12K/year by picking a better 401(k) administrator, but its taken them 2 years to "get a...
by Alskar
Thu Mar 06, 2014 10:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Why bad/expensive 401(k)s will likely always be with us
Replies: 116
Views: 7711

Re: Why bad/expensive 401(k)s will likely always be with us

"One S & P 500 fund dropped the management fee from .75% to .30% when the regs went into effect." I don't disagree at all with your post, but wonder: VFINX's institutional fee is .04 to .02. For an SP500 fund, what matters besides the ER? An ER of .30 seems like it's paying 7X the goi...
by Alskar
Sun Mar 02, 2014 4:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Why bad/expensive 401(k)s will likely always be with us
Replies: 116
Views: 7711

Re: Meeting with Fidelity [Financial Advisor]

This thread contains some misinformation. I've been a Fidelity customer since 1994. I'm not retired, but I do know a few things about Fidelity. Trading Platforms: There really are only three available at Fidelity: 1) Their basic browser-based web interface; 2) Active-Trader Pro (only available to tr...
by Alskar
Fri Feb 28, 2014 9:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Meeting with Fidelity [Financial Advisor]
Replies: 42
Views: 3963

Re: Why bad/expensive 401(k)s will likely always be with us

"One S & P 500 fund dropped the management fee from .75% to .30% when the regs went into effect." I don't disagree at all with your post, but wonder: VFINX's institutional fee is .04 to .02. For an SP500 fund, what matters besides the ER? An ER of .30 seems like it's paying 7X the goi...
by Alskar
Fri Feb 21, 2014 7:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Why bad/expensive 401(k)s will likely always be with us
Replies: 116
Views: 7711

Re: I think rolling over 401ks to IRAs is often a bad decisi

IT seems to me that if one is changing jobs there is a good chance that either the current 401k is ok to keep your current account with them or your new 401k is an improvement and worth rolling into. THe only bad case justifying a ira rollover is both bad,Of course once you are retired things chang...
by Alskar
Sat Feb 15, 2014 4:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: I think rolling over 401ks to IRAs is often a bad decision
Replies: 56
Views: 4931

Re: Places to hold emergency fund

I personally hold my emergency fund in my Reward Checking account at Advantis CU. I earn 2.25% APY on up to $25K in this account. The remainder of my emergency cash is in a savings account at Ally Bank (0.85% APY or something like that). If the emergency is really large, I would then either have to ...
by Alskar
Wed Feb 12, 2014 9:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Places to hold emergency fund
Replies: 14
Views: 1619

Re: Update: Transaction recorded incorrectly

:shock: Wow indeed! :shock: Years ago, I was subjected to a "interpersonal communication" class at work. I was expecting it to be Dilbertesque but it actually turned out to be very useful. The instructor said that in any interpersonal communication three things need to be balanced: 1) Self...
by Alskar
Tue Feb 11, 2014 11:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: Update: Transaction recorded incorrectly
Replies: 24
Views: 2294

Re: What interest rate did you get on your car loan?

Where would I invest the money in the sinking fund and what interest rate could I get for it? If I can't get > 3% guaranteed for it, then a sinking fund doesn't make sense for my situation. I could set aside $25k for my sinking fund and make say 1% on it. In 5 years, that will grow to $26,275 (even...
by Alskar
Wed Feb 05, 2014 10:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: What interest rate did you get on your car loan?
Replies: 71
Views: 3798

Re: How do you benchmark your portfolio.

Fidelity does this for me. Their GPS (Guided Portfolio Summary) shows how my all-Vanguard ETF portfolio did relative to several indexes and a Fidelity active manager with roughly the same allocation. I enjoy beating the active manager while having less risk (as measured by standard deviation). So wh...
by Alskar
Thu Jan 23, 2014 3:58 pm
 
Forum: Investing - Theory, News & General
Topic: How do you benchmark your portfolio.
Replies: 65
Views: 3011

Re: Did you have a Lousy Job as a teen / young adult?

investingdad, My experience parallels yours: For the last two years of high school I worked at a tourist trap in Colorado Springs, CO. During the summer I parked cars which involved running up and down the steep parking lot from 4:00PM until Midnight for $1.85/hour. When I wasn't running I was expec...
by Alskar
Fri Jan 17, 2014 3:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Did you have a Lousy Job as a teen / young adult?
Replies: 127
Views: 4835

Re: How do you "Stay the Course"?

Being older helps. I've been through a few cycles of the market already. Each time I come out on the other side far richer because I "stayed the course". This is positive reinforcement for continuing to "stay the course". I think this is why Rick Ferri's "Flight Path" m...
by Alskar
Thu Jan 16, 2014 8:45 pm
 
Forum: Investing - Theory, News & General
Topic: How do you "Stay the Course"?
Replies: 52
Views: 3266

Re: "Gold to tank in 2014: Goldman Sachs"

In April 2009 I bought a ginormous ideal cut diamond from a jeweler that was struggling to pull together enough cash to pay his taxes. Got it for a song and a small dance number (no tophats or boas needed). Maybe toward the end of the year I can pick up some gold at bargain basement prices and final...
by Alskar
Thu Jan 16, 2014 7:44 pm
 
Forum: Investing - Theory, News & General
Topic: "Gold to tank in 2014: Goldman Sachs"
Replies: 94
Views: 6837

Re: Biggest regrets in your life in financial investment?

In 1988 a colleague of mine told me that his great aunt was in financial distress and needed to sell 20 acres of land near a little town called I'd never heard of in central Oregon called Sisters (named for the nearby Three Sisters mountains). The land was just outside of town. It had access to powe...
by Alskar
Thu Jan 16, 2014 3:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Biggest regrets in your life in financial investment?
Replies: 101
Views: 7201

Re: Leaving Financial Advisor; Portfolio Advice Needed

Your situation is pretty complicated. It may be worth your time and money to consult with Allan Roth ( http://www.daretobedull.com ). He charges by the hour. He's also somewhat of an expert on the Thrift Savings Plan (TSP). He can help you setup a retirement plan that you can manage yourself. I've u...
by Alskar
Tue Jan 14, 2014 8:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Leaving Financial Advisor; Portfolio Advice Needed
Replies: 31
Views: 2724

Re: Leaving an employer on bad terms? Deal breaker for new h

Here's how I see it: A person's effectiveness depends on there being a "fit" between the person's skills and personality and the work environment. I've known people that got fired from places I've worked that went on to be extremely successful at other employers. I've also seen people that...
by Alskar
Mon Jan 13, 2014 9:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Leaving an employer on bad terms? Deal breaker for new hire?
Replies: 32
Views: 2434

Re: REGISTRATION FOR THE 2014 BOGLEHEAD CONTEST

I'm going with 2017.
by Alskar
Fri Jan 10, 2014 8:48 pm
 
Forum: Investing - Theory, News & General
Topic: REGISTRATION FOR THE 2014 BOGLEHEAD CONTEST
Replies: 525
Views: 10655

Re: Capital One Quicksilver: 1.5% reward, thoughts?

Anyone out there have any experience with the Capital One Quicksilver credit card? 1.5% reward on all purchases, no limits. Thoughts? At 1.5% flat cash back, the Capital One Quicksilver is indeed the best VISA rewards card out there right now. Not true. The Fidelity VISA gives 2.0% cash back on all...
by Alskar
Wed Jan 08, 2014 6:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Capital One Quicksilver: 1.5% reward, thoughts?
Replies: 91
Views: 7387

Re: another 'greatest hits' post

I agree that the role of luck in one's investment success is really under appreciated. Here's an example from my own experience: Sometime in the late 90's my employer added Fidelity Diversified International fund (FDVIX) to their 401(k) plan. I did precisely what we're told not to do: I looked at th...
by Alskar
Thu Dec 26, 2013 8:50 pm
 
Forum: Investing - Theory, News & General
Topic: another 'greatest hits' post
Replies: 10
Views: 1631

How Fidelity Determines ETF Reinvestment Price

I've been wondering how Fidelity determines the reinvestment price on dividend and capital gain distributions on ETF's. Here's what the Fidelity CS rep had to say: Dividend reinvestments are priced at the average price that the security is purchased by Fidelity. Fidelity identifies all customers tha...
by Alskar
Tue Dec 24, 2013 6:32 pm
 
Forum: Investing - Theory, News & General
Topic: How Fidelity Determines ETF Reinvestment Price
Replies: 0
Views: 178

Re: Alternatives to TIVO

Here's a list of potential solutions (in no particular order): 1. Google Chromecast 2 Apple TV 3. SlingBox 4. TV with built-in streaming (many newer TV's are so equipped) 5. TiVo Roamio 6. Media PC 7. Cable Service DVR Some of these will actually store shows for later replay; others will only stream...
by Alskar
Wed Nov 20, 2013 3:34 pm
 
Forum: Personal Consumer Issues
Topic: Alternatives to TIVO
Replies: 10
Views: 3997

Re: Definition of "Net of All Fees"

Alskar, here's the Fiduciary Oath for you own information. http://www.napfa.org/about/FiduciaryOath.asp The key element in the oath is "in the clients best interest." If you found any C share funds with ongoing loads, then a case may be made that the advisor is violating his oath. Brokers...
by Alskar
Thu Oct 03, 2013 1:41 pm
 
Forum: Investing - Theory, News & General
Topic: Definition of "Net of All Fees"
Replies: 8
Views: 1050

Re: Car advice

Pentagon Federal Credit Union (aka "PenFed") currently offers 1.99% loans on both new and used car purchases. If you're not already a member you can join by signing up for a military service organization (search this forum for the details). I got a 1.49% loan from PenFed a year or so ago. ...
by Alskar
Wed Oct 02, 2013 2:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Car advice
Replies: 16
Views: 1139

Re: Definition of "Net of All Fees"

Are you absolutely sure this advisor is a CFP? If he is he's supposed to carry fiduciary duty to his clients, clearly he is not. Double charging--AUM fee plus loads? You must make sure the loads are not waived, which is common when assets are under management. Front end loads (A shares), if charged...
by Alskar
Mon Sep 30, 2013 8:39 pm
 
Forum: Investing - Theory, News & General
Topic: Definition of "Net of All Fees"
Replies: 8
Views: 1050

Definition of "Net of All Fees"

I hope this is the correct place to post this question. I couldn't decide if this was a "personal" question or a "theory" question. Please move it to the correct forum if I have it wrong. Background: My 87 year old father and my brother both use the same Ameriprise "Financia...
by Alskar
Sun Sep 29, 2013 5:49 pm
 
Forum: Investing - Theory, News & General
Topic: Definition of "Net of All Fees"
Replies: 8
Views: 1050

Re: Portfolio "management" fee

I believe that Portfolio Solutions (Rick Ferri) charges 0.25% of AuM for portfolios of >= $1M (USD). Not correct. They charge 0.37%, as I said in my post. That said, they also use low-cost funds, so the overall cost is among the lowest you will find. For the OP: If you have six siblings to second-g...
by Alskar
Sun Sep 29, 2013 4:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Portfolio "management" fee
Replies: 16
Views: 1740

Re: Portfolio "management" fee

I believe that Portfolio Solutions (Rick Ferri) charges 0.25% of AuM for portfolios of >= $1M (USD).
by Alskar
Fri Sep 27, 2013 2:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Portfolio "management" fee
Replies: 16
Views: 1740

Re: "Chip" credit card for foreign travel

Just returned from The Netherlands and Belgium and my normal Capital One Visa card worked OK at hotels and restaurants but there were a few places (train stations mainly) where it did not work. There were even signs that said only credit cards with a chip would work. I was able to use my "non-...
by Alskar
Sat Sep 21, 2013 5:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: "Chip" credit card for foreign travel
Replies: 70
Views: 8852

Re: Go back and hunt

I *already* have a contract with him that specifies sixty days notice either way (from him or me). However, in his letter, he felt that since I was not meeting the requirements of the contract, he "waived" the 60 days notice and gave me 2.5 weeks instead. I was leaning toward agreeing wit...
by Alskar
Sat Sep 14, 2013 7:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Got fired earlier this week, now the boss wants me back
Replies: 123
Views: 10940

Re: 401(k) giant Fidelity sued over its own plan

It is my understanding that a company has no legal obligation to offer the cheapest possible investment options to its employees. They are obligated to provide what is considered "reasonable." All Fidelity will have to do is provide what fees that other similarly-sized organizations offer...
by Alskar
Sat Sep 14, 2013 6:50 pm
 
Forum: Investing - Theory, News & General
Topic: 401(k) giant Fidelity sued over its own plan
Replies: 34
Views: 3789

Re: [Help with managing] Escrow

My mortgage has an escrow account attached to it. My taxes and homeowners insurance both went up this year (surprise, surprise). I learned about the increases months ago when the tax bills went out and I assume the bank has known for a while too. I have been waiting for some kind of notice from the...
by Alskar
Sun Sep 01, 2013 12:45 am
 
Forum: Personal Finance (Not Investing)
Topic: [Help with managing] Escrow
Replies: 7
Views: 720

Re: TD Ameritrade Review

Here is THE recent review (if you call 2 weeks ago "recent") of TDAmeritrade on the forum: http://www.bogleheads.org/forum/viewtopic.php?f=1&t=121209 If by two-factor you mean not only do you have to login with username and password, but you also have to answer the secret questions, t...
by Alskar
Wed Aug 28, 2013 2:53 pm
 
Forum: Investing - Theory, News & General
Topic: TD Ameritrade Review
Replies: 4
Views: 1227

TD Ameritrade Review

I haven't found any recent reviews about TD Ameritrade brokerage services on this forum. This is a bit surprising to me given that TD Ameritrade offers commission-free trades on many of the most frequently discussed Vanguard ETFs like VT, VTI, VXF, VEU, VSS, VNQ, BND, BSV, BLV, etc. About the only V...
by Alskar
Sun Aug 25, 2013 4:14 pm
 
Forum: Investing - Theory, News & General
Topic: TD Ameritrade Review
Replies: 4
Views: 1227

Re: Does VTI already include REIT

Yes, it does. If you click "Compare" on the Vanguard page for any fund, then scroll down towards the bottom, you'll see "Equity sector diversification." It lists "Real Estate" as 3.59%. The REIT fund (VNQ) has 98.67%. Small-cap value (VBR) has 17.41%, Total Internation...
by Alskar
Tue Aug 20, 2013 9:18 pm
 
Forum: Investing - Theory, News & General
Topic: Does VTI already include REIT
Replies: 17
Views: 1838

Re: $2700 for Advisor??

$2700 for 7 hours of consultation works out to $385 per hour which is pretty much the going rate for financial consulting. Last time I checked our fellow Boglehead, Allan Roth, was charging $300 an hour. He offers a free one hour consultation to get to know him. Allan Roth can be reached at: http://...
by Alskar
Mon Aug 12, 2013 5:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: $2700 for Advisor??
Replies: 43
Views: 3173

Re: Car Worth Repairing?

I'm with mike143 on this one. VW reliability in 2002 was really poor. 2002 was during the period of time where VW routinely showed up at the bottom of Consumer Reports reliability list.

I'd dump it and get something more economical and reliable.
by Alskar
Thu Aug 08, 2013 6:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Car Worth Repairing?
Replies: 20
Views: 1611
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