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Re: How is it possible for TIAA-CREF to buy Nuveen?

This is basically a dup of viewtopic.php?f=10&t=137305

I've asked the admins to merge the threads.
by JamesSFO
Mon Apr 14, 2014 10:34 pm
 
Forum: Investing - Theory, News & General
Topic: TIAA-CREF is buying Nuveen?
Replies: 40
Views: 1942

Re: Too Late to Open Roth IRA for 2013?

I believe: Tomorrow as well, open it now.
by JamesSFO
Mon Apr 14, 2014 9:34 am
 
Forum: Investing - Help with Personal Investments
Topic: Too Late to Open Roth IRA for 2013?
Replies: 9
Views: 712

Re: SEP instead of IRA?

Well you actually have to have some sort of independent business to open the SEP-IRA and I'm pretty sure the SEP-IRA had to have been established prior to the end of 2013 though the contribution could happen until April 15, 2014. This is not correct. You have until 4/15 to both open and contribute ...
by JamesSFO
Sun Apr 13, 2014 11:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: SEP instead of IRA?
Replies: 26
Views: 809

Re: SEP instead of IRA?

Well you actually have to have some sort of independent business to open the SEP-IRA and I'm pretty sure the SEP-IRA had to have been established prior to the end of 2013 though the contribution could happen until April 15, 2014.
by JamesSFO
Sun Apr 13, 2014 5:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: SEP instead of IRA?
Replies: 26
Views: 809

Re: Does Mint.com randomly access your account?

I'll probably delete my account if they randomly try to access my bank account. It's not really a big deal, I just hardly use Mint anymore anyway Again, it is not random, it is a feature/product design/reason for being. If that isn't helpful to you, just stop using Mint. I use Mint for the reasons ...
by JamesSFO
Sun Apr 13, 2014 3:37 pm
 
Forum: Personal Consumer Issues
Topic: Does Mint.com randomly access your account?
Replies: 25
Views: 1872

Re: Does Mint.com randomly access your account?

sunnyday wrote:I'll probably delete my account if they randomly try to access my bank account. It's not really a big deal, I just hardly use Mint anymore anyway


Again, it is not random, it is a feature/product design/reason for being. If that isn't helpful to you, just stop using Mint.
by JamesSFO
Sun Apr 13, 2014 2:07 pm
 
Forum: Personal Consumer Issues
Topic: Does Mint.com randomly access your account?
Replies: 25
Views: 1872

Re: Does Mint.com randomly access your account?

Most people would overall view this as a feature of Mint (or financial engines) - For Mint how can they warn you of suspicious purchases or have updated information ready if they don't periodically log in and look?
by JamesSFO
Sat Apr 12, 2014 8:29 am
 
Forum: Personal Consumer Issues
Topic: Does Mint.com randomly access your account?
Replies: 25
Views: 1872

Re: Backdoor Roth IRA Strategy? Help?

OK, then you guys are just confusing me. See, what I'm getting from you guys (and it may me my fault) is that re-rolling over the money into my 401(k) would be the better move. Reason: when I retire, my tax bracket will be low, likely in the 10-15% range. It might be better because it enables a cle...
by JamesSFO
Fri Apr 11, 2014 8:40 am
 
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth IRA Strategy? Help?
Replies: 39
Views: 1140

Re: 401(k) maximum investment limit less than $17500?

Are you a highly compensated employee aka HCE?

There are lots of tests a 401K must meet and the HCE test is just one of them. Short answer - yes it's legal/possible and a risk particularly for companies that do not adopt a safe harbor plan 401K and then have low participation rates.
by JamesSFO
Thu Apr 10, 2014 11:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401(k) maximum investment limit less than $17500?
Replies: 3
Views: 608

Re: Passport validity: Do I need at least 6 months?

It's annoying but just do it, I've seen people get turned away traveling between closely allied NATO countries over the issue either by the airlines or by customs/border control. Flying from SFO to Mexico, my SigOther had an issue once where United checkin picked a fight over 1 day on the end of the...
by JamesSFO
Thu Apr 10, 2014 11:53 pm
 
Forum: Personal Consumer Issues
Topic: Passport validity: Do I need at least 6 months?
Replies: 40
Views: 1387

Re: Questions about Traditional IRA to ROTH Conversion

It sounds like you may be misusing TurboTax, but assuming the 1099-R shows a distribution of approximately $1,000 +/- just a few pennies there is no taxable event. EDIT: Just to be clarify if it showed $1000.01 then the 0.01 would be taxable and would round to zero. My point remains there shouldn't ...
by JamesSFO
Thu Apr 10, 2014 11:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Questions about Traditional IRA to ROTH Conversion
Replies: 4
Views: 147

Re: B&M Bank: BoA or Wells Fargo?

I would personally advise waiting until you've moved and see which banks are closer to your final home, regular shopping locations, etc. WF vs. BofA is really going to come down to a matter of personal preferences + for you the experience you have with the local tellers/branch managers.
by JamesSFO
Tue Apr 08, 2014 8:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: B&M Bank: BoA or Wells Fargo?
Replies: 25
Views: 1180

Re: Vanguard Investor Shares vs Vanguard ETF

I think the real question is do you like trading ETFs? If yes, then they are perfectly fine and you can get access to the lower expense ratios earlier. If no, then stick to the mutual funds. I do some trading on the side with a pile of $10K "fun money" and I find trading ETFs can be more o...
by JamesSFO
Mon Apr 07, 2014 1:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard Investor Shares vs Vanguard ETF
Replies: 8
Views: 668

Re: Help me understand Michael Lewis' "Flash Boys"

Put Michael Lewis' book aside on the details.

What drove the RBC (Royal Bank of Canada) to create Thor to avoid front running from HFTs? And why did the underlying team go create IEX (investors exchange) to prevent the same?
by JamesSFO
Fri Apr 04, 2014 5:54 pm
 
Forum: Investing - Theory, News & General
Topic: Help me understand Michael Lewis' "Flash Boys"
Replies: 164
Views: 7937

Re: Employee Fiduciary and The Online 401K

We went with the Online 401K, they are quite adequate. They will not knock your socks off but it all does work.
by JamesSFO
Fri Apr 04, 2014 1:51 pm
 
Forum: Investing - Theory, News & General
Topic: Employee Fiduciary and The Online 401K
Replies: 7
Views: 742

Re: Portfolio Advice needed for 67 year old mother

A SPIA (single premium immediate annuity) or a deferred SPIA might make sense to help fill some of the income gap without taking a lot of risk.
by JamesSFO
Fri Apr 04, 2014 10:02 am
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Advice needed for 67 year old mother
Replies: 9
Views: 616

Re:

Celebrity is generally considered a bit higher end, but not quite as high end as Princess. :confused FWIW, I think most people would view Celebrity as the highest end mass market line in brand positioning (and most expensive). After Celebrity you get into Seabourn, Azamara and similar brands. (I lo...
by JamesSFO
Thu Apr 03, 2014 8:10 am
 
Forum: Personal Consumer Issues
Topic: Boglehead Cruise Line Preference
Replies: 57
Views: 6565

Re: [New 8th Circuit Ruling Striking Down High 401K Fees]

Flip the question around, show a case where a plan offered a range of broad based index funds with the employer bearing the direct fees, e.g. a TSP similar lineup but say with Vanguard investor shares or Blackrock iShares ETF. Specifically show where the employer was (a) sued and (b) lost the case u...
by JamesSFO
Tue Apr 01, 2014 1:02 am
 
Forum: Personal Finance (Not Investing)
Topic: [New 8th Circuit Ruling Striking Down High 401K Fees]
Replies: 44
Views: 2384

Re: New 8th Circuit Ruling Striking Down High 401K Fees

sscritic wrote:Current thread, started earlier.
viewtopic.php?f=10&t=136245

Compare:
t=136245
t=136255

Beat you by 10.


LOL maybe I was getting all the links in place :-p

Admins can merge :D
by JamesSFO
Sun Mar 30, 2014 12:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: [New 8th Circuit Ruling Striking Down High 401K Fees]
Replies: 44
Views: 2384

New 8th Circuit Ruling Striking Down High 401K Fees

[Thread merged into here, see below. --admin LadyGeek] On a court ruling on high 401K fees in the NYtimes: That [high 401K fees] may be about to change. On March 19, the Eighth Circuit Court of Appeals in St. Louis affirmed a lower-court ruling in one of the first 401(k) fee cases to go to trial. I...
by JamesSFO
Sun Mar 30, 2014 10:19 am
 
Forum: Personal Finance (Not Investing)
Topic: [New 8th Circuit Ruling Striking Down High 401K Fees]
Replies: 44
Views: 2384

Re: Rank These 401(k) Providers

I set up our 401K with vanguard small biz. It's administered by ascensus, we're very pleased with it. I've heard bad things about Principal and John Hancock obviously since I get my info mostly here, dunno transamerica. The fee schedule: New plan once off charge $1K (conversion of existing plan is ...
by JamesSFO
Sun Mar 30, 2014 12:31 am
 
Forum: Personal Finance (Not Investing)
Topic: Rank These 401(k) Providers
Replies: 32
Views: 2167

Re: Rank These 401(k) Providers

I think you will find all but Vanguard will be putting in expensive funds... Vanguard will be brutally honest about costs.
by JamesSFO
Fri Mar 28, 2014 8:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Rank These 401(k) Providers
Replies: 32
Views: 2167

Re: Vanguard doesn't put SEP-IRA deposit slips online? Reall

Get a login for smallbiz.vanguard.com

You will be able to ACH in funds.
by JamesSFO
Wed Mar 26, 2014 3:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard doesn't put SEP-IRA deposit slips online? Really?
Replies: 12
Views: 272

Re: IRA withdrawal taxation

You will not be "double taxed".

Simple case you have an IRA w/ $100K value, $50K basis. You sell $10K. The $50K basis will be proportionately applied.

EDIT to elaborate, so 50% of your $10K will be considered to have basis already. so you are taxed fully on $5K and not on the other $5K.
by JamesSFO
Wed Mar 26, 2014 1:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: IRA withdrawal taxation
Replies: 3
Views: 306

Re: Schwab IRA Offer

Just watch out for the new IRS interpretation of the IRA rollover rules -- only one IRA rollover allowed every 12 months.

EDIT TO CLARIFY: Custodian to custodian transfers are fine
by JamesSFO
Wed Mar 26, 2014 12:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: Schwab IRA Offer
Replies: 7
Views: 613

Re: Tough college choice

Some good questions here. First, money will still be growing, so part of that $330,000 may grow for another decade. Second, with so many variables (scholarships, growth of the market, tuition costs), I'm not just trying to divide the money in thirds. If I need to add more money, that's always a pos...
by JamesSFO
Wed Mar 26, 2014 1:01 am
 
Forum: Personal Finance (Not Investing)
Topic: Tough college choice
Replies: 54
Views: 4023

Re: Tough college choice

... Delaware: 1) Cost: $157,014 ($67,278 more) ... I have 3 children and have saved $330,000 in college savings plans for them. ... One quick observation, you have 3 children but this would be about half of the savings. How does that work out for you and the other two children? Not trying to be a j...
by JamesSFO
Mon Mar 24, 2014 2:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tough college choice
Replies: 54
Views: 4023

Re: tax lots galore

If you do an in kind transfer to Vanguard it is HIGHLY likely that the ACATS data transferred in will have all of the lot detail. That said, print the information out first.

EDIT to clarify: my personal experience is your 1099B from Vanguard will have everything calculated for you
by JamesSFO
Fri Mar 21, 2014 8:24 am
 
Forum: Investing - Help with Personal Investments
Topic: tax lots galore
Replies: 5
Views: 512

Re: 401K Fee Disclosure Rules Comment Period Open

Don't be so hard on yourself. Proposed regulations that are directly related to investing may be discussed if and when they are published for public comments. I take this to mean you can discuss the merits now that the proposed regulations are published for public comments (as that is exactly what ...
by JamesSFO
Fri Mar 21, 2014 8:23 am
 
Forum: Personal Finance (Not Investing)
Topic: 401K Fee Disclosure Rules Comment Period Open
Replies: 4
Views: 248

401K Fee Disclosure Rules Comment Period Open

As employees (or employers), there is a comment window opening to comment on new fee disclosure rules for 401Ks: http://www.dol.gov/opa/media/press/ebsa/EBSA20140361.htm (I believe this is permissible since it is actionable, individuals have the opportunity to provide comments on the rule, I am not ...
by JamesSFO
Fri Mar 21, 2014 1:06 am
 
Forum: Personal Finance (Not Investing)
Topic: 401K Fee Disclosure Rules Comment Period Open
Replies: 4
Views: 248

Re: HOA lawyer sends threatening letter, need advice

I just received a letter in the mail from my HOA's lawyer. History in short is this. I rent out the home to tenants due to me working out of the country currently. Always had paid dues on time. Suddenly in the fall all of my checks started to get returned. Then in Feb, I receive a letter in the mai...
by JamesSFO
Thu Mar 20, 2014 8:28 am
 
Forum: Personal Consumer Issues
Topic: HOA lawyer sends threatening letter, need advice
Replies: 46
Views: 4217

Re: 529 Account in California



I believe CA is cheaper for total stock market fund. And NY is even cheaper than CA.
by JamesSFO
Thu Mar 20, 2014 1:01 am
 
Forum: Investing - Help with Personal Investments
Topic: 529 Account in California
Replies: 11
Views: 587

Re: 529 Account in California

The Scholarshare plans are decent, but there is no particular reason to go with Scholarshare as opposed to Nevada's Vanguard plan given that California offers no tax break. That said, I believe you should consider a 529 only after filling your retirement space unless you have a pension or otherwise...
by JamesSFO
Thu Mar 20, 2014 12:09 am
 
Forum: Investing - Help with Personal Investments
Topic: 529 Account in California
Replies: 11
Views: 587

Re: facetime user needed

I am, I pm'ed you the phone # to try me on
by JamesSFO
Mon Mar 17, 2014 9:32 am
 
Forum: Personal Consumer Issues
Topic: facetime user needed
Replies: 4
Views: 327

Re: Vanguard "Pooled" 401k Investment Program

FWIW, we have our 401K funds held by the custodian TD Ameritrade, all of the funds are in a single account, our third party administrator (TPA) (Online 401K) keeps track of who owns what and we trade on their website, we have Vanguard Signal class shares. It's about the same price as Employee Fiduci...
by JamesSFO
Fri Mar 14, 2014 9:38 am
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard "Pooled" 401k Investment Program
Replies: 4
Views: 634

Re: Is 529 plans that bad? [White Coat Investor article]

Quote:(2) Signaling effects to the child. Knowing that people cared about you to put the money aside in your name has value. What? So I contribute for my niece and nephew, I have every reason to believe that (a) they will appreciate it when they are older and (b) my brother and sis-in-law appreciat...
by JamesSFO
Tue Mar 11, 2014 9:11 am
 
Forum: Investing - Theory, News & General
Topic: Is 529 plans that bad? [White Coat Investor article]
Replies: 35
Views: 2169

Re: Is 529 plans that bad? [White Coat Investor article]

I will just mention that EmergDoc's post doesn't cover the behavioral aspects of opening a 529. (1) Forced savings vehicle means it isn't drained when some other crisis hits. For some of the 529 target audience that isn't an issue, but for other people with much more modest 529s where an aunt/uncle ...
by JamesSFO
Tue Mar 11, 2014 8:33 am
 
Forum: Investing - Theory, News & General
Topic: Is 529 plans that bad? [White Coat Investor article]
Replies: 35
Views: 2169

Re: Costco travel for cruise purchase?

Couple of thoughts, (1) Costco is fine but (2) once you work with a travel agent the cruise lines won't speak to you directly. So say there is a price drop, you have to call Costco/TA and have them get the price match. The cruise critic boards are filled w/ people frustrated that their TA missed a p...
by JamesSFO
Tue Mar 11, 2014 1:48 am
 
Forum: Personal Consumer Issues
Topic: Costco travel for cruise purchase?
Replies: 11
Views: 1610

Re: Staying the Course has never been harder

I rode out the dot com and the housing bust at 100% stock/0% bond and never blinked/sold/etc. But over the past 2-3 years as stocks recovered, I've moved closer to 70/30. Some of it is realizing that I'm on track to meet my savings goals and so there is good value in taking some risk off the table.
by JamesSFO
Sun Mar 09, 2014 1:44 am
 
Forum: Investing - Theory, News & General
Topic: Staying the Course has never been harder
Replies: 45
Views: 4629

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

Asking why the cost of medical procedures varies so much is not absurd to the end user. Its only absurd to the medical professionals. You don't want to discuss the comparison because there is no rational basis for the wide variation in prices by insurers for the same procedure in the medical indust...
by JamesSFO
Sun Mar 09, 2014 12:25 am
 
Forum: Personal Finance (Not Investing)
Topic: Why bad/expensive 401(k)s will likely always be with us
Replies: 116
Views: 7579

Re: Vanguard files for active fund ETFs

Well on the plus side if the ETF is a share class of the mutual fund, then the mutual fund holders will benefit from reduced capital gains.
by JamesSFO
Sat Mar 08, 2014 9:28 am
 
Forum: Investing - Theory, News & General
Topic: Vanguard files for active fund ETFs
Replies: 21
Views: 1521

Re: LifeStrategy, Not TR in 401k

I think the TR is easy for people to understand and is becoming more common as a default. If you didn't have the TR I think many people would be confused.
by JamesSFO
Thu Mar 06, 2014 11:35 am
 
Forum: Investing - Theory, News & General
Topic: LifeStrategy, Not TR in 401k
Replies: 25
Views: 1664

Re: Bogleheads.org Home Page Updated

I don't know what people are talking about when they say there is white space on the right side. I don't see any on my iPod touch. Do you really see a lot of white space on your smart phones? When I turn my touch from portrait to landscape, the font size increases so that it looks as if the proport...
by JamesSFO
Mon Mar 03, 2014 9:30 am
 
Forum: Forum Issues and Administration
Topic: Bogleheads.org Home Page Updated
Replies: 230
Views: 9029

Re: best cash back credit card

The Fidelity spokesman quotes in the NYTimes committed to the Fido Amex retaining 2% for 18 months.
by JamesSFO
Sun Mar 02, 2014 3:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: best cash back credit card
Replies: 185
Views: 20182

Re: Need Help with Old 403B RE no more contributions

If there is only the one quarterly fee and the investment choices are the same, just treat them as the same.

If you want portfolio advice, probably pays to edit the original post to list out all of the options + expense ratios for input.
by JamesSFO
Sun Mar 02, 2014 2:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need Help with Old 403B RE no more contributions
Replies: 7
Views: 225

Re: Paying off the mortgage. Kind of.

This seems overly complicated. Your mortgage deduction on 75K @ 3.25% isn't worth all that much.

Either pay off the mortgage or invest the money, don't try to mix the two together.
by JamesSFO
Sun Mar 02, 2014 2:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: Paying off the mortgage. Kind of.
Replies: 29
Views: 2780

Good Post on Costs of Bad 401(k) Plans

Blog post here: http://baselinescenario.com/2014/02/26/the-costs-of-bad-401k-plans/ Snippet: ...The first, which I discussed here, analyzed the losses that 401(k) plans—or, rather, their administrators and managers—impose on plan participants by inflicting high-cost mutual funds on them. The second,...
by JamesSFO
Wed Feb 26, 2014 8:00 am
 
Forum: Personal Finance (Not Investing)
Topic: Good Post on Costs of Bad 401(k) Plans
Replies: 2
Views: 376

Re: Backdoor IRA screw up

I think she entered the 1099-R for the Roth conversion but forgot to enter the contribution to Traditional IRA. Did you tell her that you made a TIRA contribution for 2013 in your tax interview ? If she enters the Traditional IRA contribution, her tax software will determine that it was non-deducti...
by JamesSFO
Tue Feb 25, 2014 10:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: Backdoor roth IRA [mess up]
Replies: 14
Views: 733

Re: Backdoor IRA screw up

She's [wrong --admin LadyGeek]. She's wrong, $0.01 is taxable amount. VG did fine.
by JamesSFO
Tue Feb 25, 2014 10:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Backdoor roth IRA [mess up]
Replies: 14
Views: 733
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