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Re: Amica auto insurance quote very high?

You generally can get lower rates by having all your casualty insurance with one company. What company do you have your homeowners/renters insurance with? There is usually a multi-policy discount, which can be substantial. My only other insurance coverage is my renter's policy with State Farm. The ...
by TheDoctor
Tue Feb 10, 2015 6:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Amica auto insurance quote very high?
Replies: 15
Views: 1290

Amica auto insurance quote very high?

I have a car I drive very little ( well under 5,000 miles/year, I only drive occasionally on weekends and I do not drive to work). I'm shopping around a little to see if I can get a lower rate on auto insurance. Some basic info: I have a 5 year old sedan, owned outright. No moving violations or coll...
by TheDoctor
Tue Feb 10, 2015 6:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Amica auto insurance quote very high?
Replies: 15
Views: 1290

Re: TaxAct: AMT exemption amount wrong?

Someone mentioned the worksheet in a PM as well. That seems to be the case for me, I just didn't realize the AMT personal exemption amount was subject to phase-out based on income. Thanks for letting me know.
by TheDoctor
Fri Feb 06, 2015 6:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: TaxAct: AMT exemption amount wrong?
Replies: 2
Views: 295

TaxAct: AMT exemption amount wrong?

I'm entering all my 2014 tax information into TaxAct. I exercised ISO options last year so I need to report the bargain element for AMT purposes. All of that is well and good. I'm filling as single. According to the IRS' web site and TaxAct's own help page , the AMT exemption for singles in 2014 sho...
by TheDoctor
Fri Feb 06, 2015 6:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: TaxAct: AMT exemption amount wrong?
Replies: 2
Views: 295

Re: Traditional IRA -> 401(k) to prepare for Backdoor Roth I

I believe my current employer 401(k) plan accepts incoming IRA rollovers (I am in the process of checking). You should also check to see if good low cost investment options are available in your employer plan. This is very important especially if your rollover IRA is big. If you have a 200K rollove...
by TheDoctor
Tue Jan 13, 2015 7:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Traditional IRA -> 401(k) to prepare for Backdoor Roth IRA
Replies: 19
Views: 1385

Re: Traditional IRA -> 401(k) to prepare for Backdoor Roth I

Yes absolutely. DH did the same 2 years ago to clear the way for a backdoor ROTH. He moved a rollover IRA from a previous employer AND a 401K from another previous employer into his current 401K around the same time. Then once that cleared, he fully funded a new TIRA and converted the funds to a RO...
by TheDoctor
Tue Jan 13, 2015 3:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Traditional IRA -> 401(k) to prepare for Backdoor Roth IRA
Replies: 19
Views: 1385

Traditional IRA -> 401(k) to prepare for Backdoor Roth IRA

I have never done the backdoor Roth IRA method before but I may need to this year. I have read much of the material on the forum and elsewhere and I think I understand the process pretty well. I have an existing Traditional IRA which is a rollover from a previous employer's 401(k) plan. I have not d...
by TheDoctor
Tue Jan 13, 2015 2:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Traditional IRA -> 401(k) to prepare for Backdoor Roth IRA
Replies: 19
Views: 1385

Re: How much more do rebate cards cost than checks?

As others have said, I imagine that fewer people redeem the full rebate amounts from the prepaid cards than they would on a check (either due to forgetting about the cards, inactivity fees, etc.) Whenever I get a prepaid card back from a rebate, I immediately buy an Amazon gift card for myself using...
by TheDoctor
Mon Dec 29, 2014 4:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much more do rebate cards cost than checks?
Replies: 13
Views: 803

Re: Economics of credit card branding

Honestly, the benefits from the upper tier cards are useless to me, with the exception of the couple that offer primary rental car insurance (most cards are only secondary coverage). I pick my cards based on the rewards (cash back or points). I don't find most of the added services useful, but one ...
by TheDoctor
Fri Dec 05, 2014 4:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Economics of credit card branding
Replies: 7
Views: 1097

Re: Transamerica 401k

This depends on the details of your specific plan.

You should ask HR/benefits at your employer for your Department of Labor-mandated Fee Disclosure document, which should list all account and fund fees that can be charged in your plan.
by TheDoctor
Tue Feb 25, 2014 1:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: Transamerica 401k
Replies: 2
Views: 336

Re: Bonds in Taxable??

The link in your post is truncated, here's the full link.
by TheDoctor
Thu Feb 13, 2014 3:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Bonds in Taxable??
Replies: 8
Views: 862

Re: Help with 401k Funds

Can you include the expense ratios for each of those funds?
by TheDoctor
Tue Dec 17, 2013 4:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with 401k Funds
Replies: 7
Views: 693

Re: 401k questions to ask advisor/employer

krayzbone227 wrote:Also, does our plan utilize Revenue Sharing and if so, what are the Revenue Sharing amounts built into the Expense Ratios of the plan's investment options?


Wouldn't revenue sharing money generally be taken from 12b-1 fees (which are included in any given fund's expense ratio)?
by TheDoctor
Wed Dec 11, 2013 3:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401k questions to ask advisor/employer
Replies: 17
Views: 1137

Re: Credit Report Question

I'm not a lawyer nor an expert with the Fair Credit Reporting Act, but if you've disputed the incorrect information on your report and Equifax refuses to remove it, it seems like they're in violation of the law. I also think the law provides for statutory damages for credit reporting agencies in vio...
by TheDoctor
Mon Oct 14, 2013 5:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Credit Report Question
Replies: 11
Views: 1079

Re: Active vs. Passive reading for new investors

Thanks for the links, those look useful.

I should also mention I plan to cite the Standard and Poor's Index vs. Active (SPIVA) reports, which have consistently shown indexing beats active management over longer time periods.
by TheDoctor
Thu Sep 26, 2013 12:01 am
 
Forum: Investing - Theory, News & General
Topic: Active vs. Passive reading for new investors
Replies: 5
Views: 478

Active vs. Passive reading for new investors

I'm putting together an intro to investment/retirement basics presentation for some of my friends and colleagues, and as part of that I'd like to include some information on indexing and why it's preferred over active management. I'm trying to cite good sources for all of the information I provide. ...
by TheDoctor
Wed Sep 25, 2013 11:08 pm
 
Forum: Investing - Theory, News & General
Topic: Active vs. Passive reading for new investors
Replies: 5
Views: 478

Mutual fund historical returns with periodic investment

Morningstar's mutual fund chart tool is great to see how money invested in a fund would have grown over time, but there's no option to see how regular periodic additional investment would change returns. Is there a tool that allows one to compare the historical returns of two funds, assuming a fixed...
by TheDoctor
Wed Jul 31, 2013 12:22 pm
 
Forum: Investing - Theory, News & General
Topic: Mutual fund historical returns with periodic investment
Replies: 3
Views: 490

Re: Early retirement and planning for medical costs

Wow, lots of responses and useful information. Thanks to everyone who's responded so far! Probably obvious - but getting/staying healthy should be a priority which keeps costs down and retirement fun up, so listen to the doc when he tells you to exercise 4 times/week or more and get that BMI under c...
by TheDoctor
Sun Mar 24, 2013 11:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Early retirement and planning for medical costs
Replies: 19
Views: 2874

Early retirement and planning for medical costs

For anyone who's planning on retiring before age 65, how do you plan for health insurance / medical expenses prior to becoming eligible for Medicare? I'm aiming for early retirement and am investing with a goal of becoming financially independent, but I'm not sure how to plan for the loss of employe...
by TheDoctor
Fri Mar 22, 2013 5:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Early retirement and planning for medical costs
Replies: 19
Views: 2874

Re: Looking for some 401k roll over advice

Why not roll over to a Traditional IRA instead of a Roth IRA? Doing that is not a taxable event, and you can still convert some or all of a Traditional IRA to a Roth later.
by TheDoctor
Fri Mar 22, 2013 10:22 am
 
Forum: Investing - Help with Personal Investments
Topic: Looking for some 401k roll over advice
Replies: 3
Views: 375

Re: Selling fractional ETF shares

Using specific ID, you should be able to get rid of the tiny lots. E.g. you want to get rid of the first three tiny lots Lot 1 : 3.123sh Lot 2 : 2.451sh Lot 3 : 4.234sh Lot 4 : 500sh The first three lots sum up to 9.808sh. So submit a sale of 10 shares, choosing all the shares from lots 1, 2 and 3 ...
by TheDoctor
Mon Mar 18, 2013 11:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: Selling fractional ETF shares
Replies: 16
Views: 1504

Re: Selling fractional ETF shares

How big a problem is it to let the dividends accumulate as cash and then reinvest them along with new money as you go along? With typical payouts in the 2% range, you're only talking about $200 over a year on a $10k account. If the concern is rebalancing, can't you mostly get that done with new mon...
by TheDoctor
Mon Mar 18, 2013 6:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: Selling fractional ETF shares
Replies: 16
Views: 1504

Re: Selling fractional ETF shares

livesoft wrote:Call your broker and ask them. Then please tell us what they said and who your broker is. Thanks!


Oops, sorry. I'm using Vanguard Brokerage Services.
by TheDoctor
Mon Mar 18, 2013 5:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: Selling fractional ETF shares
Replies: 16
Views: 1504

Selling fractional ETF shares

I've always used mutual funds in my Vanguard IRA accounts, but I have ETFs in my taxable brokerage account as I liked the lower expense ratio without having to have a $10,000 minimum in each fund. Now I'm at the point where I want to sell one ETF to buy another, but I only want to sell some at a tim...
by TheDoctor
Mon Mar 18, 2013 5:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: Selling fractional ETF shares
Replies: 16
Views: 1504

Re: 401(k) bond fund: PIMCO Total or Real return funds?

If you're going to be switching fund providers in a couple months I wouldn't spend much time worrying about it. Differences in returns only become significant when compounded over several years. If one of the funds returns 4% in the next few months and the other returns 2% before you switch into yo...
by TheDoctor
Thu Feb 14, 2013 7:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401(k) bond fund: PIMCO Total or Real return funds?
Replies: 4
Views: 690

401(k) bond fund: PIMCO Total or Real return funds?

My entire current 401(k) balance is currently invested in bonds, compensated by my other investment accounts holding equities. I've got a good asset allocation that I'm happy with. The only two bond funds available in my 401(k) plan that aren't (even more) outrageously expensive are PIMCO Total Retu...
by TheDoctor
Thu Feb 14, 2013 7:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401(k) bond fund: PIMCO Total or Real return funds?
Replies: 4
Views: 690

Re: 401(k): Roth or Traditional?

Welcome to the forum! I think most folks here would suggest that you use traditional 401k, not Roth 401k. Unless you have a pension coming. The best approach is probably filling up a traditional 401k and a Roth IRA if you are saving that much. Wiki article link: Traditional versus Roth Hmm. Accordi...
by TheDoctor
Sun Jan 06, 2013 10:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401(k): Roth or Traditional?
Replies: 8
Views: 1826

401(k): Roth or Traditional?

My employer's 401(k) allows both Roth and traditional contributions. I'm currently using the traditional 401(k) option, maxing it out. [details removed] My question is: Does it make sense for me to make some/all of my 401(k) contributions using the Roth option? I have no idea how to estimate my taxe...
by TheDoctor
Sun Jan 06, 2013 7:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401(k): Roth or Traditional?
Replies: 8
Views: 1826

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