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Re: strategy to get brokerage bonuses

How do you get fidelity to re-invest the dividend automatically for an ETF? I thought that was one of the disadvantages to ETFS is that you can't buy fractional shares?

Merrill Edge has a current promo for $500 for 100k in assets or .5%
by SobeCane
Wed Aug 27, 2014 12:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: strategy to get brokerage bonuses
Replies: 54
Views: 3840

Re: strategy to get brokerage bonuses

Tramper Al - I agree with everything above and think it is worth it to play the brokerage bonus game, especially for IRA accounts (no 1099 received). My one issue is that it will only work with ETF's and not Mutual Funds. The ETF's seem to declare dividends every month and there is no automatic re-i...
by SobeCane
Wed Aug 27, 2014 12:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: strategy to get brokerage bonuses
Replies: 54
Views: 3840

Re: Elfcu HSA $24 Wire Transfer Fee

http://thefinancebuff.com/elfcu-best-hsa-adds-fee.html

Encourage others to voice their displeasure about the new fee and no option for ACH
by SobeCane
Thu Apr 24, 2014 12:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: Elfcu HSA $24 Wire Transfer Fee
Replies: 11
Views: 1191

Re: HSA: spend it or save it?

Got excited when I saw that 5% interest rate being mentions for HSA accounts. Then realized this thread is from 2008.
by SobeCane
Thu Mar 20, 2014 1:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: HSA: spend it or save it?
Replies: 27
Views: 6070

Re: Experiences with Eli Lilly Credit Union for HSA?

AZB- what type of credit card was it? I have heard that Citi cards code it as a cash advance.
by SobeCane
Sun Mar 02, 2014 3:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: Experiences with Eli Lilly Credit Union for HSA?
Replies: 69
Views: 15998

Re: Experiences with Eli Lilly Credit Union for HSA?

azb wrote: So far, I am very happy with this no-fee account. (Heck, they even let me use a credit card to make my initial HSA deposit, which gave me 2% free money.


Can anyone else confirm that they will allow a full years of contribution to be funded by a credit card?
by SobeCane
Sun Mar 02, 2014 11:26 am
 
Forum: Investing - Help with Personal Investments
Topic: Experiences with Eli Lilly Credit Union for HSA?
Replies: 69
Views: 15998

Re: HSA as stealth IRA - Inheritence issue

While there is no penalty for withdrawing after age 65, i think the inheritance rules should affect those who are trying to preserve the tax free growth of the HSA while they have years of un-reimbursed medical expenses that they could withdraw from the HSA tax free. Your heirs won't be able to reim...
by SobeCane
Tue Feb 25, 2014 3:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: HSA as stealth IRA - Inheritence issue
Replies: 9
Views: 1277

HSA as stealth IRA - Inheritence issue

I know many of us use the HSA as a stealth IRA. It is my understanding that inherited HSAs by non-spouses are included in the income of the recipient without the stretch provision of IRAs. Does it make sense for an elderly person to annually withdraw from the HSA up to the amount of cumulative medic...
by SobeCane
Tue Feb 25, 2014 12:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: HSA as stealth IRA - Inheritence issue
Replies: 9
Views: 1277

Re: Help make Sec 457 Plan Election: 3.5% Guaranteed v. Tot

The website does not give much information as to how the guaranteed annuity contract works. I am hesitant to invest in something that I don't fully understand. I pulled this from the Nationwide site: Historical Crediting Yield Annualized 4th Quarter Yield:3.50% 2013 Guaranteed Yield: 3.50%: Creditin...
by SobeCane
Mon Feb 17, 2014 12:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help make Sec 457 Plan Election: 3.5% Guaranteed v. Tot Bond
Replies: 9
Views: 892

Re: Changed Jobs - Help make Sec 457 Deferred Comp. Election

Hate to bump again but would like to understand all of my options before making such an important decision.
by SobeCane
Sun Feb 16, 2014 1:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help make Sec 457 Plan Election: 3.5% Guaranteed v. Tot Bond
Replies: 9
Views: 892

Re: Changed Jobs - Help make Sec 457 Deferred Comp. Election

Why do you use the Pimco Total Return fund when it costs 3 times as much? Also, is it even an index fund?
by SobeCane
Mon Feb 10, 2014 5:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help make Sec 457 Plan Election: 3.5% Guaranteed v. Tot Bond
Replies: 9
Views: 892

Help make Sec 457 Plan Election: 3.5% Guaranteed v. Tot Bond

I posted my annual financial checkup in this post a couple months back: http://www.bogleheads.org/forum/viewtopic.php?f=1&t=126908 I recently changed jobs from the private to the public sector and will be able to contribute to a Section 457 Deferred Compensation plan. The 2 plan providers to cho...
by SobeCane
Sun Feb 09, 2014 9:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help make Sec 457 Plan Election: 3.5% Guaranteed v. Tot Bond
Replies: 9
Views: 892

Re: Total International still more tax efficient than Total

In the 15% tax bracket, the tax cost of Total Stock Market is zero. 30% of the Total International dividend is taxed at 15% (it was 33% this year), and with the 7% foreign tax credit, your net tax cost on Total International is -2% of the dividend. (There is an IRS rule which would prevent you from...
by SobeCane
Wed Jan 22, 2014 5:26 pm
 
Forum: Investing - Theory, News & General
Topic: Total International still more tax efficient than Total US?
Replies: 31
Views: 2399

Re: Total International still more tax efficient than Total

Is the tax cost of Total US really 0? I remember reading a post recently where someone mentioned that they were shocked Total US was only 94% qualifies for 2013.
by SobeCane
Mon Jan 20, 2014 10:05 am
 
Forum: Investing - Theory, News & General
Topic: Total International still more tax efficient than Total US?
Replies: 31
Views: 2399

Re: Total International still more tax efficient than Total

David,

Have you done the calculation with the 2013 dividend information? I am curious about the 15% bracket, no state income taxes.
by SobeCane
Sun Jan 19, 2014 9:02 pm
 
Forum: Investing - Theory, News & General
Topic: Total International still more tax efficient than Total US?
Replies: 31
Views: 2399

Total International still more tax efficient than Total US?

Now that the 2013 1099-DIV's have been issued, can someone shed some light on which fund is more tax efficient and more ideal to be held in taxable?

I know the dividend yield, % of dividend that is qualified, and % of foreign tax credit determine this, but not sure how to quantify.
by SobeCane
Sun Jan 19, 2014 8:52 pm
 
Forum: Investing - Theory, News & General
Topic: Total International still more tax efficient than Total US?
Replies: 31
Views: 2399

Re: SE Florida chapter - 2013/14 next meeting

Taylor & Englishgirl,

I will be there!

Thanks again for hosting and happy holidays.
by SobeCane
Sat Dec 21, 2013 7:58 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: SE Florida - Taylor's big birthday meeting 1/26/14
Replies: 50
Views: 4444

Re: 26y/o in 25% bracket should I even be doing Roth IRA?

Beastykato, Why not use the 401(k) and other deductions to bring you down close to the 15% bracket before funding your Roth IRA? Your adjustments or itemized deductions may be different but here's an example: Salary 72,000 Health Ins. Premiums (2,000) HSA Contributions (3,250) 401(k) Deferral (17,50...
by SobeCane
Fri Dec 20, 2013 9:08 am
 
Forum: Investing - Help with Personal Investments
Topic: 26y/o in 25% bracket should I even be doing Roth IRA?
Replies: 14
Views: 1536

Re: 3rd yr Boglehead Anniversary - Annual Checkup - 27 yr ol

Rent is cheap as I am lucky to have great roommates that I went to undergrad with. Most of my meals are provided between eating at work or having girlfriends that will cook dinner to try to impress me. :wink: Obviously, I know that I'll need more than 12k year to live in the future. I do have plans ...
by SobeCane
Sat Nov 23, 2013 9:06 am
 
Forum: Investing - Help with Personal Investments
Topic: 3rd yr Boglehead Anniversary - Annual Checkup - 27 yr old.
Replies: 21
Views: 1698

Re: 3rd yr Boglehead Anniversary - Annual Checkup - 27 yr ol

OP, congratulations on an impressive start towards retirement, and a very successful last 2 years, both from the market perspective as well as your personal contribution beyond that. It won't be long before you'll have years where your capital gains will exceed your gross income! I think you mean w...
by SobeCane
Sat Nov 23, 2013 1:23 am
 
Forum: Investing - Help with Personal Investments
Topic: 3rd yr Boglehead Anniversary - Annual Checkup - 27 yr old.
Replies: 21
Views: 1698

Re: 3rd yr Boglehead Anniversary - Annual Checkup - 27 yr ol

Gross 70,000.00 401K (17,500.00) Est Health Prem (5,000.00) HSA Account (1,000.00) AGI 46,500.00 Standard Deduction (3,800.00) Exemption (5,950.00) Taxable Income 36,750.00 Up to $17,850 1,785.00 $17,851 - $72,500 2,835.00 Total Tax 4,620.00 Gross 70,000.00 SS Tax Rate 6.20% Medicare Tax Rate 1.45%...
by SobeCane
Sat Nov 23, 2013 1:19 am
 
Forum: Investing - Help with Personal Investments
Topic: 3rd yr Boglehead Anniversary - Annual Checkup - 27 yr old.
Replies: 21
Views: 1698

Re: 3rd yr Boglehead Anniversary - Annual Checkup - 27 yr ol

You're doing an incredible job. You've gone from $150K 2 years ago, to ~$210,000 last year to ~$315K this year. How does one do this on $70k a year? Good question. Returns over 2 years average around 20% a year, so that accounts for a majority of the results, but not completely without basically in...
by SobeCane
Fri Nov 22, 2013 7:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: 3rd yr Boglehead Anniversary - Annual Checkup - 27 yr old.
Replies: 21
Views: 1698

Re: 3rd yr Boglehead Anniversary - Annual Checkup - 27 yr ol

You are overweighed in international - 44.94% to your suggested 40% allocation. You are underweighted in domestic equities - 55.3% vs. 60% suggested allocation. Time to rebalance. Grt2bOutdoor, I usually do this by investing new money instead of making taxable sales. Are you implying that it may be...
by SobeCane
Fri Nov 22, 2013 1:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: 3rd yr Boglehead Anniversary - Annual Checkup - 27 yr old.
Replies: 21
Views: 1698

3rd yr Boglehead Anniversary - Annual Checkup - 27 yr old.

I am asking for a checkup on my 3 year anniversary of becoming a Boglehead. I like to get a financial checkup from the Boglehead community similar to how I receive a free preventative care physical once a year from my doctor. Please let me know of any suggestions or areas that I have overlooked or n...
by SobeCane
Fri Nov 22, 2013 12:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: 3rd yr Boglehead Anniversary - Annual Checkup - 27 yr old.
Replies: 21
Views: 1698

Re: Convert IRA to Roth @ 15% or take LTCG @ 0%?

I think this is a great question posed and would love to hear what others suggest
by SobeCane
Fri Nov 22, 2013 12:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Convert IRA to Roth @ 15% or take LTCG @ 0%?
Replies: 5
Views: 465

Re: Convert IRA to Roth @ 15% or take LTCG @ 0%?

Not sure how to quantify but I would convert from traditional to Roth with the 10k of "space" only because you rather have your capital loss carryover be used to save you from 25% bracket instead of being wasted in offsetting items that would be taxed at 0%. It also depends what you plan o...
by SobeCane
Thu Nov 21, 2013 4:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Convert IRA to Roth @ 15% or take LTCG @ 0%?
Replies: 5
Views: 465

Re: Utilizing an HSA under the ACA (on exchange incl. w/subs

Thanks for all the replies. I guess I didn't realize that even staying under the 400% poverty level did not guarantee a premium subsidy if the plan premiums are less than 9% of my income. That's not quite correct. Modified Annual Adjusted Gross Premium After Government Subsidy Up to 133% FPL 2% of ...
by SobeCane
Wed Nov 13, 2013 5:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Utilizing an HSA under the ACA (on exchange incl. w/subsidy)
Replies: 25
Views: 3276

Re: HSA Contribution and FICA taxes for S-Corp owner

would also like to get a definitive answer on this.
by SobeCane
Tue Oct 29, 2013 10:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: HSA Contribution and FICA taxes for S-Corp owner
Replies: 12
Views: 2782

Re: Utilizing an HSA under the ACA (on exchange incl. w/subs

Thanks for all the replies.

I guess I didn't realize that even staying under the 400% poverty level did not guarantee a premium subsidy if the plan premiums are less than 9% of my income.
by SobeCane
Fri Oct 25, 2013 4:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: Utilizing an HSA under the ACA (on exchange incl. w/subsidy)
Replies: 25
Views: 3276

Re: Utilizing an HSA under the ACA (on exchange incl. w/subs

So do we know if the bronze plans are Health Savings Account eligible?
by SobeCane
Fri Oct 11, 2013 10:03 am
 
Forum: Personal Finance (Not Investing)
Topic: Utilizing an HSA under the ACA (on exchange incl. w/subsidy)
Replies: 25
Views: 3276

Who is the owner of the 529 Plan in your family? (Poll)

I have seen varying suggestions as to who the owner of the 529 Plan should be. I wanted to ask the Bogleheads who owned the 529 plan and what was the rationale behind it. I am hoping everyone can shed some light as to how the account owner would effect financial aid, income tax, estate tax, gift tax...
by SobeCane
Fri May 31, 2013 7:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Who is the owner of the 529 Plan in your family? (Poll)
Replies: 25
Views: 1557

Re: Low Credit Card Utilization - is too low no good?

SobeCane - can you just use your credit cards more each month? Are there things you are spending money on that you don't put on your credit cards that you could easily move? For example, I always used to feel squicky about putting my grocery spending on my cc, and used to always use my debit card, ...
by SobeCane
Thu Apr 04, 2013 10:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Low Credit Card Utilization - is too low no good?
Replies: 26
Views: 2430

Re: Low Credit Card Utilization - is too low no good?

winglessangel31 wrote:The grade chart is statistics, your score is likely based on a formula not related to the causation-correlation impression you are getting. Giving us your CK score and its 12-month movement will be more helpful.


It goes up and down like a roller coaster between 740 - 760
by SobeCane
Wed Apr 03, 2013 2:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Low Credit Card Utilization - is too low no good?
Replies: 26
Views: 2430

Re: Low Credit Card Utilization - is too low no good?

Why does the OP care about his/her credit score? Are you planning to take out a big loan soon? Once you're wealthy enough, a "credit score" no longer matters... OP Here - I am planning on getting a mortgage within the next few years and am not wealthy. If you had a high credit limit and n...
by SobeCane
Mon Apr 01, 2013 8:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Low Credit Card Utilization - is too low no good?
Replies: 26
Views: 2430

Re: Low Credit Card Utilization - is too low no good?

Since Credit Karma is not a real score, does anyone know how the 3 credit reporting bureaus factor utilization that is less than 1%?
by SobeCane
Mon Apr 01, 2013 1:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Low Credit Card Utilization - is too low no good?
Replies: 26
Views: 2430

Low Credit Card Utilization - is too low no good?

I use Credit Karma to get a general estimate of what my credit score is. I noticed that for credit card utilization, i received a C grade because I have less than 1% utilized. I have about $100,000 in limit between 5 cards and usually always have less than $1,000 charged at all times. Does it make s...
by SobeCane
Mon Apr 01, 2013 11:42 am
 
Forum: Personal Finance (Not Investing)
Topic: Low Credit Card Utilization - is too low no good?
Replies: 26
Views: 2430

Re: LLC v S Corp, control and taxes

Markfaix and Seattle CPA,

Why do you both recommend the route of having the business treated as a partnership with an S Corp holding the shares of each partner? Why not just have the business treated as a S Corporation owned by the partners and skip the extra layer?
by SobeCane
Fri Mar 22, 2013 9:52 am
 
Forum: Personal Finance (Not Investing)
Topic: LLC v S Corp, control and taxes
Replies: 25
Views: 1951

Re: Closed a Credit Card - Still Counted in Average Length?

Sesq- Thanks for your response. Even though a year from now it will be a 13 month old closed line, it will still impact my average age open. I have a few cards that I opened around 2008 and this latest one was my 3rd card. I thought by cancelling it, my average age would be 5 years but that 1 month ...
by SobeCane
Mon Feb 11, 2013 4:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Closed a Credit Card - Still Counted in Average Length?
Replies: 2
Views: 307

Closed a Credit Card - Still Counted in Average Length?

I recently closed a credit card account after receiving the initial sign up bonus. I was wondering if a closed account will be in the calculation for average age of credit line? If it is included, when will it be taken out of the calculation because obviously having a card open only 1 month will bri...
by SobeCane
Mon Feb 11, 2013 11:22 am
 
Forum: Personal Finance (Not Investing)
Topic: Closed a Credit Card - Still Counted in Average Length?
Replies: 2
Views: 307

Re: Charitable donation from RMD

FYI - read this blog post yesterday on why it is better to make a charitable donation from appreciated stock, and not from RMD. http://www.kitces.com/blog/archives/474-MailBag-Is-A-Qualified-Charitable-Distribution-QCD-From-An-IRA-Better-Than-Donating-Appreciated-Securities.html Is his logic correct?
by SobeCane
Sat Feb 02, 2013 9:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Charitable donation from RMD
Replies: 45
Views: 2401

Re: TurboTax Question Foreign Tax credit

This isn't working yet for 2012, but should give you what you need. https://personal.vanguard.com/us/insights/taxcenter/tax-information-vanguardfunds Link is now up for 2012. 100% Foreign Again. https://advisors.vanguard.com/VGApp/iip/site/advisor/investments/taxcenter/prioryeartaxdata/article?file...
by SobeCane
Sat Feb 02, 2013 3:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: TurboTax Question Foreign Tax credit
Replies: 22
Views: 2149

Re: TurboTax Question Foreign Tax credit

For accuracy I think it needs to be computed. Not all $1200 of dividends are from foreign sources. I don't know how to find the fraction for that fund, but Vanguard tries to publish the fraction for its funds in an obscure place. The fraction for ETFs is easily found on the website of the ETF creat...
by SobeCane
Fri Jan 25, 2013 4:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: TurboTax Question Foreign Tax credit
Replies: 22
Views: 2149

Re: Vanguard's Taxes & Income Summary not same as 1099-DIV

Sorry for the post, I should have done the math and realized what the difference was attributed to. BTW, is there any way to find out the Foreign Taxes Paid throughout the year or is it only available on the 1099-DIV? No, not that I've found. It's one of the many factors that can make it impossible...
by SobeCane
Thu Jan 24, 2013 9:58 am
 
Forum: Investing - Theory, News & General
Topic: Vanguard's Taxes & Income Summary not same as 1099-DIV
Replies: 16
Views: 1093

Re: Vanguard's Taxes & Income Summary not same as 1099-DIV

The only fund that I have in taxable is Vanguard FTSE All-World ex-US. Just did the math and the difference is the Foreign Taxes Paid. I guess that the "Taxes & Income Summary" just uses the net number after taxes. Sorry for the post, I should have done the math and realized what the d...
by SobeCane
Wed Jan 23, 2013 10:53 am
 
Forum: Investing - Theory, News & General
Topic: Vanguard's Taxes & Income Summary not same as 1099-DIV
Replies: 16
Views: 1093

Vanguard's Taxes & Income Summary not same as 1099-DIV

Just accessed my 1099-DIV via the Vanguard website today and noticed for the second year in a row that the amount of taxable dividends is larger than the amount reported under the My Accounts -> "Taxes & Income" summary for the year. Has anyone else noticed a difference?
by SobeCane
Wed Jan 23, 2013 10:22 am
 
Forum: Investing - Theory, News & General
Topic: Vanguard's Taxes & Income Summary not same as 1099-DIV
Replies: 16
Views: 1093

Re: PenFed Visa Platinum Cash Rewards 5% Cashback on Gas

So unless the place charges you at the pump you won't get the 5 percent rebate with the PCR card? There are plenty of gas stations that take my card and swipe it in their little booth The only way to tell is to call up PenFed and see if they are giving you 5% back on your purchase. Visa Rewards is ...
by SobeCane
Mon Jan 07, 2013 12:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: PenFed Visa Platinum Cash Rewards 5% Cashback on Gas
Replies: 21
Views: 1477

Re: Trad. IRA to Roth IRA in same year - Tax Reporting

Alan S. - When I made this post I was secretly hoping you would see it and provide guidance. To answer your question: I do have a pre-existing Traditional IRA before i made this year's $5,000 contribution. But I just want the current $5,000 current year contribution to be re characterized to a Roth ...
by SobeCane
Fri Dec 21, 2012 1:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: Trad. IRA to Roth IRA in same year - Tax Reporting
Replies: 3
Views: 391

Trad. IRA to Roth IRA in same year - Tax Reporting

Situation: I contributed $5,000 to my traditional IRA at Vanguard earlier this year. As the year is winding down, my income will be lower than previously anticipated so I do not need the $5,000 deduction any more to stay in the 15% bracket. Therefore, I would like to switch my contribution this year...
by SobeCane
Fri Dec 21, 2012 12:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: Trad. IRA to Roth IRA in same year - Tax Reporting
Replies: 3
Views: 391

Re: Total international dividends for year end typical?

Thanks again Houseblend.

I am getting close to the point where I may have to file the Form to get the credit (over $300 in FTC). I began reading the instructions for the Form 1116 and was overwhelmed! I guess I will have TurboTax fill it out and I will give it a good look over for obvious mistakes.
by SobeCane
Thu Dec 13, 2012 1:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: Total international dividends for year end typical?
Replies: 14
Views: 1832
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