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Re: My first non fee advisor meeting..confused

...the only argument for using both would be that the trading fees, fund/ETF selection and expense ratios are better in the SEP than the 401k. I see. I use TDA as the custodian for my solo(k) and the fees are the same either way. I do have the ability to make rollover contributions and roth deferra...
by drh
Tue Dec 16, 2014 3:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: My first non fee advisor meeting..confused
Replies: 35
Views: 4431

Re: My first non fee advisor meeting..confused

It is also my understanding that you can't contribute to both a 401k and a SEP in the same year. I am hoping someone here can give an authoritative source for this... I do not think it is true. A quick google search reveals this IRS page (among other sites that say both is ok): http://www.irs.gov/R...
by drh
Tue Dec 16, 2014 3:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: My first non fee advisor meeting..confused
Replies: 35
Views: 4431

Re: My first non fee advisor meeting..confused

It is also my understanding that you can't contribute to both a 401k and a SEP in the same year. I am hoping someone here can give an authoritative source for this... I do not think it is true. A quick google search reveals this IRS page (among other sites that say both is ok): http://www.irs.gov/R...
by drh
Tue Dec 16, 2014 2:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: My first non fee advisor meeting..confused
Replies: 35
Views: 4431

Re: My first non fee advisor meeting..confused

placeholder wrote:Only at completely separate business entities so you can't have both an i401k and a SEP at the same time for the same business.


Do you have a reference/source for this rule?
by drh
Tue Dec 16, 2014 12:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: My first non fee advisor meeting..confused
Replies: 35
Views: 4431

Re: TSA [is it a hassle to opt out of scanning?]

eucalyptus wrote:I go through the scanner and if challenged in the least always treat the TSA agents with disdain/contempt. They don't deserve my respect. FWIW.


I read this board a lot (lurker for the most part) and I think this might be the most shocking/surprising statement I have ever read on here....
by drh
Thu Oct 23, 2014 11:26 am
 
Forum: Personal Consumer Issues
Topic: TSA [is it a hassle to opt out of scanning?]
Replies: 42
Views: 2278

Re: TSA

I have opted out many times. You will start the process normally by putting all your stuff on the conveyor to be x-rayed, including your shoes, belt, jacket. When it is your turn to go through the machine, you inform the TSA agent that you would like to opt out. They will call out for an "assis...
by drh
Wed Oct 22, 2014 4:52 pm
 
Forum: Personal Consumer Issues
Topic: TSA [is it a hassle to opt out of scanning?]
Replies: 42
Views: 2278

Re: Your personal risk level: Got your flu shot yet?

Why has this medical advice thread not been locked? Actually, It was intended to be about personal perceptions of risk. L. The connection to investing I find interesting in this thread is that while most people on this board would not accept anecdotal evidence of successful stock picking as a reaso...
by drh
Thu Oct 16, 2014 1:07 pm
 
Forum: Personal Consumer Issues
Topic: Your personal risk level: Got your flu shot yet?
Replies: 93
Views: 3251

Re: Downstairs neighbor wants to inspect my apartment

Apart from being a "good neighbor" is there any reason why I would want to do this? What about the reason you "suspect" is their true motivation: My hunch is that they want to know the current state of the apartment (which happens to be excellent), in case their renovation cause...
by drh
Wed Jun 05, 2013 10:21 pm
 
Forum: Personal Consumer Issues
Topic: Downstairs neighbor wants to inspect my apartment
Replies: 34
Views: 3707

Re: Wells Fargo - no more 100 free trades (for new accounts)

The outgoing fee for WellsTrade was bumped up to $95 several years ago. Thankfully I am grandfathered into the PMA free trades so I am not looking to leave...
by drh
Sun May 05, 2013 9:44 pm
 
Forum: Investing - Theory, News & General
Topic: Wells Fargo - no more 100 free trades (for new accounts)?
Replies: 21
Views: 8436

Re: Wells Fargo - no more 100 free trades (for new accounts)

livesoft,

Just for you, I fixed the title.

But it does make me wonder if it is just a matter of time before they change it for existing customers.

100 trades is way more than I need as well.
by drh
Thu Jan 03, 2013 10:41 pm
 
Forum: Investing - Theory, News & General
Topic: Wells Fargo - no more 100 free trades (for new accounts)?
Replies: 21
Views: 8436

Wells Fargo - no more 100 free trades (for new accounts)?

Has anyone else seen this? I noticed this on the last page of my PMA statement. It looks like after April 1 of this year any new WellsTrade accounts will no longer get 100 free trades if linked to a PMA account. Instead they get 100 at discounted $6.95 per trade. It appears the benefit remains for e...
by drh
Thu Jan 03, 2013 10:27 pm
 
Forum: Investing - Theory, News & General
Topic: Wells Fargo - no more 100 free trades (for new accounts)?
Replies: 21
Views: 8436

Re: New 401k - How to utilize S&P 500 index fund

Hi Timcomm99,

That is my plan exactly. Luckily the bulk of my retirement savings are in IRAs, so it would be awhile before I had to buy a different fund in my 401k to maintain my AA.
by drh
Fri Jun 22, 2012 11:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: New 401k - How to utilize S&P 500 index fund
Replies: 6
Views: 942

Re: New 401k - How to utilize S&P 500 index fund

Oops -- should have checked the wiki first. Thank you both. Now if I could just figure out why T. Rowe Price's S&P index fund is twice as expensive as Vanguards... I guess it must be twice as good. :-)
by drh
Wed Jun 20, 2012 10:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: New 401k - How to utilize S&P 500 index fund
Replies: 6
Views: 942

New 401k - How to utilize S&P 500 index fund

My employer is switching 401k plan providers and we are getting all new fund offerings. They are certainly better than the previous plan (lowest ER was 1%, almost all had 12b-1 fees), but not as good as I would like. They have included one index fund, an S&P 500 index with an ER of 0.3%. This 40...
by drh
Wed Jun 20, 2012 9:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: New 401k - How to utilize S&P 500 index fund
Replies: 6
Views: 942

Re: amazon price protection?

I just dealt with this. Last Wednesday I purchased an SSD for $165 and then this Monday I noticed the price had dropped to $129. I used the online chat to talk to an Amazon customer service rep and simply said "I bought this for $165, and now see its $129. I was going to return it and re-purcha...
by drh
Sun May 20, 2012 10:39 am
 
Forum: Personal Consumer Issues
Topic: amazon price protection?
Replies: 11
Views: 1461

Re: Who Will Take Care Of My Wife?

Your daughter is a 22 year old finance major. An adult with the demonstrated interest and the inclination. Also a vested interest in her mother's welfare and how the portfolio turns out after you're gone. Unless you think she's actually a bit wacky she sounds like the ideal person to assist her mot...
by drh
Sat Mar 03, 2012 4:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Who Will Take Care Of My Wife?
Replies: 77
Views: 4727

Re: New 401k - Help picking funds

I haven't "flip-flopped" so to speak, rather, after digesting all the information from that thread last May I chose to go with a more conservative 15% bonds and added in the REIT (there was some discussion in that thread about REITs). However, your point is well taken. The deviaton away fr...
by drh
Fri Feb 10, 2012 9:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: New 401k - Help picking funds
Replies: 6
Views: 977

Re: New 401k - Help picking funds

I will max out my 401k this year, as well as both our Roths. 401k match is 10 cents on the dollar, up to 6% of salary... but full vesting takes six years.

No state taxes.

100 free trades per year in each account at Wells Fargo (w/ the PMA package).
by drh
Fri Feb 10, 2012 9:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: New 401k - Help picking funds
Replies: 6
Views: 977

New 401k - Help picking funds

I have started a new job and would like some help picking the funds from the 401k plan. Unfortunately, none of the expense ratios look reasonable and they all appear to be actively managed funds. I plan on rolling over my old 401k to WellsTrade where my Roths are. Emergency fund: yes Debt: 15k schoo...
by drh
Fri Feb 10, 2012 7:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: New 401k - Help picking funds
Replies: 6
Views: 977

Re: Contributing to both a Roth 401K and a Roth IRA

The limits for a 401k are separate from the limits for a Roth IRA.

So you can contribute $5k to a Roth IRA, and $17k (the max for 2012) to a 401k -- and within the 401k it can be either Roth or traditional contributions. Just not more than 17k overall in the 401k.
by drh
Tue Feb 07, 2012 7:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Contributing to both a Roth 401K and a Roth IRA
Replies: 4
Views: 404

Transfer to Vanguard process -- helping grandfather

While visiting my (retired) grandfather this Christmas we were talking about his finances and I found out his only IRA is with Morgan Stanley. I took a look at the statement and although they make it very difficult to see what fees and commissions they charge, it appears he is being charged a $75/yr...
by drh
Tue Dec 27, 2011 8:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: Transfer to Vanguard process -- helping grandfather
Replies: 4
Views: 387

You should diversify your portfolio of alcoholic beverages. 60% beer 30% wine 10% hard liquor With the beer, I would suggest an 80/20 split between domestic/import. Of course, you should avoid buying individual beers. If you must do this, only do it with 5% of your portfolio. This allocation may not...
by drh
Sun Aug 21, 2011 6:01 pm
 
Forum: Personal Consumer Issues
Topic: tryin to get the most alcohol for the buck for college party
Replies: 99
Views: 8851

Re: Mortgage Refi and PMI Questions

2. I heard somewhere before that on an FHA loan, one can get rid of PMI after so many years of on-time payments or something. Is there a way to get PMI dropped and if so, how can this be done? Thanks for the info! The general rule with dropping PMI is that you have to have an 80% LTV ratio. Once yo...
by drh
Wed Aug 10, 2011 1:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Mortgage Refi and PMI Questions
Replies: 6
Views: 784

From your quote, it seems like the argument is equating "buy and hold" with expecting 12% returns.

I am also in my late 20's and I certainly don't plan on 12% returns. And I don't think buy and hold is foolish.
by drh
Sun Aug 07, 2011 10:19 pm
 
Forum: Investing - Theory, News & General
Topic: Young Investors: "Is Long Term Investing Broken?"
Replies: 15
Views: 1488

If that is the only thing he does that is a negative in your friendship, I think you are lucky to have such a good friend. +1 If this is only something he occasionally does, just forget about it and move on. No friend is perfect. As long as the good outweighs the bad (sounds like it does) I wouldn'...
by drh
Mon Aug 01, 2011 4:05 pm
 
Forum: Personal Consumer Issues
Topic: Is He a Friend?
Replies: 38
Views: 4981

10% of gross to local church. I've learned that if you tithe off the gross then you get blessed off the gross :) God is amazing. Probably another 2% throughout the year to various other things (USO, Missions, etc.) Good for you! I'm sure God only wants us to tithe net, but you will be very blessed ...
by drh
Wed Jun 29, 2011 9:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Charitable Organizations you donate to?
Replies: 60
Views: 3881

Pay down/refinance mortgage and take out car loan?

Q: Should I take the cash I was going to buy a car with, and instead use it to pay down and refinance my mortgage, and then purchase the car with a loan? We have been trying to refinance our home for over a year now. Due to the decline in the housing market we are either a little bit upside down or ...
by drh
Wed Jun 15, 2011 8:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Pay down/refinance mortgage and take out car loan?
Replies: 1
Views: 355

I have had an Amazon Visa for 5 or 6 years now. The Amazon gift cards they did previously worked out to be a 1% "reward". Now that you can just get a paper check mailed to you, you can get the same 1% in cash. But they also have an option to purchase an airline ticket for 25k points. It sa...
by drh
Wed Jun 15, 2011 8:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Amazon Visa is being upgraded
Replies: 46
Views: 7951

Re: AA advice sought

YDNAL wrote:Eventually, as you accumulate, you want to strike a balance between NINDX/VEXAX. I prefer a 50/50 Balance, you might prefer something else.


YDNAL, thanks for your input.

Is there a reason you did not suggest using NMPAX and NMSCX (mid and small cap) to get this same balance?
by drh
Sun May 08, 2011 10:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: AA advice sought
Replies: 11
Views: 1666

This isn't really what you asked, but I would immediately setup whatever automatic transfer plan you need to make sure you are setting aside the money every month to max out your Roth this year and every year. And I would seriously consider maxing out your 401k as well. This is for two reasons: 1) Y...
by drh
Sat May 07, 2011 5:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: Great Salary with $8k in Student Loans and $12K in savings.
Replies: 28
Views: 3069

leeks wrote:Give some money to a local organization whose work you believe in. Combine the gift with volunteer hours so you meet some new people and get a more personal level of involvement.


+1. This can be very rewarding.
by drh
Sat May 07, 2011 1:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: What is worth spending more money on?
Replies: 98
Views: 8628

Re: AA advice sought

YDNAL wrote:What are your new contributions for retirement accounts going forward?


~$800/mo into 401k (includes match)
~$500/mo into each Roth -- whatever gets us to the max for 2011 by April 15. Starting 2012 we'll do $416/mo each.
by drh
Sat May 07, 2011 8:45 am
 
Forum: Investing - Help with Personal Investments
Topic: AA advice sought
Replies: 11
Views: 1666

Duckie, thank you for your specific suggestions. We plan to max out both Roths. For the 401k this year I we will probably contribute between $9k - $11k (this includes the max. match)... hopefully this can increase annually. For both Roths we have contributed $1300 so far to each. I am reading two th...
by drh
Fri May 06, 2011 10:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: AA advice sought
Replies: 11
Views: 1666

Thanks Mysteryhunt. I think I'll always stick with the low ERs no matter what. After a couple months of research and reading these forums I don't really have any interest in actively managed funds. Thanks again.
by drh
Fri May 06, 2011 8:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: AA advice sought
Replies: 11
Views: 1666

Hi biason, thanks for replying. I am definitely not in a hurry to pay off the student loans at that interest rate. Refinancing the house has been difficult because we are somewhere between 5-10% underwater. Its unfortunate but we are certainly better off than many in that regard. We do pay extra pri...
by drh
Thu May 05, 2011 9:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: AA advice sought
Replies: 11
Views: 1666

AA advice sought

I'd like some advice re-arranging my retirement portfolio. Here's my situation: Emergency fund: yes (not considering as part of AA) Debt: $15k student loan @ 1.8%, $148k mortgage @ 6.5% Tax filing status: Married filing jointly Tax rate: 25% federal, 0% Texas Age: 29 in June, wife is 27 in July Desi...
by drh
Thu May 05, 2011 8:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: AA advice sought
Replies: 11
Views: 1666

I am wondering if I have any ground for a corrected 1098-t form I don't think you do... the IRS is concerned with how much you paid to the university in 2010. That second payment was made in 2011 so it will go on your 2011 tax return. Both my wife and I are/were graduate students. We did not receiv...
by drh
Fri Apr 22, 2011 9:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: 1098-T University Tax Form Issue
Replies: 11
Views: 1817

The E*TRADE Roth is "no minimum/no annual fee". If there is something in the small print no one at customer service knows about it. I have to wait until the "transfers department" can get back to me.

I would think others would have run into this before...
by drh
Fri Apr 22, 2011 1:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: Partial ACAT Out - E*TRADE refused?
Replies: 4
Views: 739

Partial ACAT Out - E*TRADE refused?

I have opened up WellsTrade Roth IRA accounts for both myself and my wife. We submitted Partial ACAT transfer requests to move our accounts from E*TRADE. WF told us that E*TRADE rejected the transfer requests and in the note put that we should resubmit them as full requests. I arranged it so that on...
by drh
Thu Apr 21, 2011 6:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: Partial ACAT Out - E*TRADE refused?
Replies: 4
Views: 739

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