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Re: Mango prepaid card - 4.8% (effective) APY

I don't think they check the phone after you initially sign up.

I'd just let the old number expire.
by hansp
Wed May 21, 2014 2:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Mango prepaid card - 4.8% (effective) APY
Replies: 74
Views: 27559

Re: Extra $32,500 in Roth IRA - too good to be true?

It's a rollover for the post-tax contribution amount and a conversion for the gains (if any). Conversion implies taxes have never been paid on the amount.
by hansp
Sun Jan 19, 2014 12:43 am
 
Forum: Personal Finance (Not Investing)
Topic: Extra $32,500 in Roth IRA - too good to be true?
Replies: 159
Views: 37480

Re: Has anyone withdrew their $5k from mango?

I'm getting 6% (before taking the $5 monthly fee into account)
by hansp
Fri Jan 17, 2014 7:59 am
 
Forum: Personal Finance (Not Investing)
Topic: Has anyone withdrew their $5k from mango?
Replies: 4
Views: 1193

Re: Has anyone withdrew their $5k from mango?

I've been doing monthly ACH pulls for the last year w/ no problem. But, I only deposit $50 /month, so I pull out $45 + interest every month.
by hansp
Fri Jan 17, 2014 12:51 am
 
Forum: Personal Finance (Not Investing)
Topic: Has anyone withdrew their $5k from mango?
Replies: 4
Views: 1193

Re: DFA TA funds - distributed cap gains

Thanks for all the replies!. A couple more things to note - 1) My fidelity.com statement tells me that all of the YTD dividends from the DFA funds are just ordinary dividends (they are explicitly tagged as non-qualified) . This worries me. 2) DFA fund DFA World ex US Targeted Value Portfolio Fund (...
by hansp
Mon Dec 16, 2013 2:25 am
 
Forum: Investing - Theory, News & General
Topic: DFA TA funds - distributed cap gains + non-qualified div
Replies: 11
Views: 693

Re: DFA TA funds - distributed cap gains

I also own this fund. A few points: 1) TA Core 2 is more small/value tilted than TSM. 2) As stated above, Tax Aware attempts to minimize non-qualified dividends and short term cap gains. Long term cap gains will come in rising markets. Compare this to DFA US Vector, which also distributed short term...
by hansp
Sun Dec 15, 2013 7:21 pm
 
Forum: Investing - Theory, News & General
Topic: DFA TA funds - distributed cap gains + non-qualified div
Replies: 11
Views: 693

Re: For those with a Fidelity AMEX card, the 2%er

Nope. You've got to wait until the statement posts to download activity.
by hansp
Sun Dec 15, 2013 9:19 am
 
Forum: Personal Finance (Not Investing)
Topic: For those with a Fidelity AMEX card, the 2%er
Replies: 4
Views: 939

Re: Santandar Bank advertisement

I've signed up and my account was opened late last week. Still waiting on official paperwork and account numbers to arrive in the mail. I'll post an update once it's setup and I've received my first $20 credit. Account application was fine, although it was slow as they required ID proof and didn't e...
by hansp
Sun Nov 17, 2013 10:09 am
 
Forum: Personal Consumer Issues
Topic: Santandar Bank advertisement
Replies: 14
Views: 1918

Re: Paul Merriman

I also am excited that Paul is now on Bogleheads! He's the person who originally got me going on passive/index investing, back when he was writing on Yahoo! Finance / Marketwatch around 1999/2000 or so. This was back when I was in grad school. Thanks to Paul's columns and advice, I only had 1 minor ...
by hansp
Sun Oct 27, 2013 9:25 am
 
Forum: Investing - Theory, News & General
Topic: Paul Merriman
Replies: 53
Views: 5177

Re: 401k has "cheap" access to DFA - use them?

As long as you are interested in tilting towards small and value, I'd take the DFA options, especially since they don't carry the extra fee. You could then use the SP500 fund in that 401k for if you need additional options for the $$ and/or to rebalance out of small and value
by hansp
Tue Sep 10, 2013 6:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401k has "cheap" access to DFA - use them?
Replies: 2
Views: 465

Re: Another ESPP question

I agree w/ the responses above. I would do everything I could to max out the ESPP contribution. I have had one in the past, and as long as you sell right away, this is the closest thing to free money you are going to have. (Even 401k matches are locked away until retirement age). For your car, are y...
by hansp
Tue Sep 10, 2013 6:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: Another ESPP question
Replies: 50
Views: 3478

Re: Term Life Insurance Agent in California

slowlrnr, Not sure if you are in the Bay Area, but if so, I'd recommend Stephen Roy in SF. http://www.royinsurance.com He's an independent agent and my wife and I used him about 7 years ago to get our term life policies. Got his name from term4sale at the time. No pressure, professional, and got us ...
by hansp
Tue Sep 10, 2013 6:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance Agent in California
Replies: 11
Views: 642

Re: Attic Sealing & Insulation...

All the air sealing seems like overkill to me, especially on a recently constructed place. Did the auditor do an air leakage test? That will tell you if you have much air leakage to deal with. The recessed lighting might be one area to look at. You can buy cans of spray foam insulation (~$5/can) and...
by hansp
Tue Sep 03, 2013 3:21 pm
 
Forum: Personal Consumer Issues
Topic: Attic Sealing & Insulation...
Replies: 40
Views: 3494

Re: Employee Stock Options Exercise Timing Question

I think I understand this scenario now, and this is truly the risk to consider. In a 20% rise in stock price over that same period, I wold have preferred to exercise early, and if the stock is flat, it would make no difference. Unless I'm missing something else.... If you are selling right away aft...
by hansp
Fri Aug 30, 2013 5:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: Employee Stock Options Exercise Timing Question
Replies: 10
Views: 1050

Re: What Book Are You Currently Reading? Part V

The Black Count: Glory, Revolution, Betrayal, and the Real Count of Monte Cristo by Tom Reiss (author of The Orientalist ). Winner of this year's Pulitzer for biography, it is about the life of Alex Dumas. But not the author of the Count of Monte Cristo, but rather about his father (of the same nam...
by hansp
Sat Aug 17, 2013 5:13 pm
 
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part V
Replies: 3372
Views: 1231024

Re: Post-2012 tax gain harvesting [Wiki]

In the overview section, Scenario point 3 should explicitly state that Alice and Bob are now in the 25% tax bracket (20% LTCG) It's implied by the numbers, but should be made explicit. Something like: "Alice and Bob are now in the 25% tax bracket (20% long term capital gains tax) and sell their...
by hansp
Sat Aug 17, 2013 12:24 pm
 
Forum: Investing - Theory, News & General
Topic: Post-2012 tax gain harvesting [Wiki]
Replies: 21
Views: 1803

Re: How much can I expect to net on my restricted stock unit

My guess is your going to get charged the 3% whenever you sell the RSUs. The "fee avoidance" by transferring in cash to cover the taxes is simply because your aren't selling anything at that time. Once you sell, you'll get charged some sort of commission/fees. My suggestion: See if you can...
by hansp
Sat Jul 06, 2013 1:10 am
 
Forum: Investing - Help with Personal Investments
Topic: How much can I expect to net on my restricted stock units?
Replies: 4
Views: 525

Re: Self-directed 401k brokerage - some funds have fees

Given that I would compare the Fidelity Spartan funds and Vanguard funds and pick the lowest total cost options for your desired allocation. Likely to be fidelity if those are NTF. And since fidelity are NTF you could even do regular paycheck contributions into those as well for no cost, which is ab...
by hansp
Wed Jun 19, 2013 9:14 am
 
Forum: Investing - Help with Personal Investments
Topic: Self-directed 401k brokerage - some funds have fees
Replies: 11
Views: 2145

Re: Self-directed 401k brokerage - some funds have fees

Make sure to investigate the commission differences between mutual funds and stocks/ETFs. In my brokerage link it's $75 vs $12 per trade. Depending on the number of purchases/rebalances a year this can really add up (and how they make additional money if you have purchases made every paycheck in the...
by hansp
Wed Jun 19, 2013 8:36 am
 
Forum: Investing - Help with Personal Investments
Topic: Self-directed 401k brokerage - some funds have fees
Replies: 11
Views: 2145

Re: Self-directed 401k brokerage - some funds have fees

Usually the mutual fund company pays the provider a fee to be on the "no transaction fee" fund list. The cost is often made back up through a 12b-1 fee or somewhere else in the expense ratio. I've got a similar program in my 401k, (run by fidelity) and this is how I've done it: For each as...
by hansp
Tue Jun 18, 2013 8:46 am
 
Forum: Investing - Help with Personal Investments
Topic: Self-directed 401k brokerage - some funds have fees
Replies: 11
Views: 2145

Re: index fund convert seeks tax advice

mrh, a question: Is the 1.2M on top of the money in your uncle's trust or is that your share of the trust? (1/5 of 4.3M doesn't equal 1.2M). Assuming it is separate, taxable $$$, then I'd echo jimmy's advice. First thing I'd do is transfer all of the stock "in-kind" to Vanguard or whatever...
by hansp
Tue Jun 18, 2013 1:38 am
 
Forum: Investing - Help with Personal Investments
Topic: index fund convert seeks tax advice
Replies: 5
Views: 458

Re: Flat Fee Advisor - Cardiff Park Advisors?

Leif, I signed up with Cardiff in 3/2007 (I think your post on this forum was what may have first made me aware of CPA!). My fees have also been raised once since then (in Q4 2010). At the time, I believe the explanation was something about needing to raise them to cover increased costs (we had also...
by hansp
Thu Jun 13, 2013 9:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Flat Fee Advisor - Cardiff Park Advisors?
Replies: 39
Views: 6440

Re: Crazy reply from employer re 401k Index funds

Birdy, I'd let it rest for at least a quarter at this point. You've done what you can in terms on internal advocacy. Maybe in 3-6 months if nothing has changed, you might write a polite email asking if they've come to a decision about adding any index funds to the options. Some plans may only review...
by hansp
Wed Jun 05, 2013 11:52 am
 
Forum: Personal Finance (Not Investing)
Topic: Crazy reply from employer re 401k Index funds
Replies: 66
Views: 8238

Re: Crazy reply from employer re 401k Index funds

Birdy, I'd suggest you push for the addition of 1-2 low cost index funds (maybe the same provider as the current index fund?) If the current is an S&P500 type fund, you could push for an international index and a bond index fund. That would give you a couple better options you could use. I've do...
by hansp
Wed Jun 05, 2013 12:24 am
 
Forum: Personal Finance (Not Investing)
Topic: Crazy reply from employer re 401k Index funds
Replies: 66
Views: 8238

Re: Asset Protection (401k, Roth, 403b, 457)

Is the prop management company an LLC? Doesn't that afield him from individual liability? I'd argue increasing his liability coverage is probably cheaper than buying an annuity!
by hansp
Sun Jun 02, 2013 7:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Asset Protection (401k, Roth, 403b, 457)
Replies: 11
Views: 1741

Re: Costco holdout considering membership

One factor to consider is time. Around me, whenever I'd go to Costco (evenings after work and weekends), they were always packed and it could be a bit crazy navigating parts of the store and a good 10 min or so wait in the checkout line. Same thing w/ lines for gas. Obviously, it may not be the same...
by hansp
Sun Jun 02, 2013 6:13 pm
 
Forum: Personal Consumer Issues
Topic: Costco holdout considering membership
Replies: 117
Views: 7625

Re: Getting Out of Edward Jones

I'd talk to the trustee about selling all of the current funds and switching to vanguard funds. If it looks like it's going to be a major battle, personally, I'd just wait out the 2.5 years, and make a plan for what I'd do once the money was in my control. One thing you haven't posted here is if you...
by hansp
Fri May 31, 2013 8:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: Getting Out of Edward Jones
Replies: 30
Views: 2319

Re: Getting Out of Edward Jones

Agree with neurospehere. You don't need to post ages, but curious, how many years into the future do assets come under your control? You could post in following format: Now: XX% Y years: XX% Z years: XX% ... ZZ years: 100% That would help inform people as to how much/hard you should be trying to pus...
by hansp
Fri May 31, 2013 8:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: Getting Out of Edward Jones
Replies: 30
Views: 2319

Re: Getting Out of Edward Jones

Muddy, If it is in a trust, it is most likely taxable. Look at a statement of the account. If you see "IRA" or "Roth IRA" somewhere in the name, then it is tax-defferred (IRA) or tax-free (Roth IRA). Who is the trustee of the trust? Is this trust just for you or are there other b...
by hansp
Fri May 31, 2013 9:34 am
 
Forum: Investing - Help with Personal Investments
Topic: Getting Out of Edward Jones
Replies: 30
Views: 2319

Re: Getting Out of Edward Jones

Class A's have front-end loads, so in that sense, "the damage is done". However, they also likely have high ongoing expense ratios (probably much higher than vanguard). This is where it will pay off long term to switch. The good news is that most Class A funds don't usually charge extra fe...
by hansp
Fri May 31, 2013 12:17 am
 
Forum: Investing - Help with Personal Investments
Topic: Getting Out of Edward Jones
Replies: 30
Views: 2319

Re: home security system

We've got the signs and stickers from the previous owner who had the system installed (we've never turned it on). However, those didn't end up stoping someone from breaking in a few months back. Ironically, they broke through a side door to the garage that had an ADT sticker on it! I figure they wer...
by hansp
Thu May 30, 2013 12:32 pm
 
Forum: Personal Consumer Issues
Topic: home security system
Replies: 20
Views: 1292

Re: Foreign Currency Fee Refund Checks En Route

My wife and I each got $8.43 from AMEX, so that must be the "default" amount.
by hansp
Thu May 30, 2013 12:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Foreign Currency Fee Refund Checks En Route
Replies: 18
Views: 1357

Re: $200,000 windfall

Sell all the brokerage to cash. You're going to move it to vanguard, but you're not going to be keeping the Oppenheimer funds, so it's going to get sold at some point. The only thing to check is if there is any commission difference between selling it at the current brokerage and at Vanguard. Looks ...
by hansp
Wed May 29, 2013 11:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: $200,000 windfall
Replies: 41
Views: 3663

Re: Assuming you do the right thing and max out for retireme

Right, but as Janet pointed out, your penalizing yourself twice for inflation. As I read your calc, you'll have $2M in today's dollars after 30 years. You don't need to correct the end amount down for inflation because you've already accounted for it by using real returns and not adjusting the contr...
by hansp
Wed May 29, 2013 2:26 am
 
Forum: Personal Finance (Not Investing)
Topic: Assuming you do the right thing and max out for retirement
Replies: 12
Views: 1368

Re: What if you bought apple shares instead of a G4 in 2003?

This is always the reminder to me about how bad I am at timing stocks (and what pushed me to go completely to the index/passive side). I owned Apple stock in early 2003. First investment I had purchased on my own in Oct 2000 & July 2002. Split adjusted purchase prices were $13 & $7.50 / shar...
by hansp
Mon May 27, 2013 11:04 pm
 
Forum: Investing - Theory, News & General
Topic: What if you bought apple shares instead of a G4 in 2003?
Replies: 21
Views: 2324

Re: Beginning (clueless) investor, am I [messing] things up?

I'm wondering if this is potentially one of the few situations where a low cost variable annuity would make sense for bond and REIT holdings. Either from vanguard or Jefferson national. See this thread currently going on. http://www.bogleheads.org/forum/viewtopic.php?f=10&t=116921 OP had no tax ...
by hansp
Mon May 27, 2013 10:00 am
 
Forum: Investing - Help with Personal Investments
Topic: Beginning (clueless) investor, am I [messing] things up?
Replies: 12
Views: 1118

Re: Advice regarding leaving Ed Jones & taxes

... Maxing out the 401k with an additional $14.5k may prove to be tough How so? Just take additional $14.5K from taxable for expenses and up deduction from paycheck(s) by $14.5K. I agree with livesoft & Laura on this. Think of it this way: You are shifting investments from taxable to tax deferr...
by hansp
Sat May 25, 2013 7:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advice regarding leaving Ed Jones & taxes
Replies: 17
Views: 1173

Re: What podcasts do you listen to?

Freakonomics Radio
Planet Money
This American Life
Marketplace Money

Used to listen to Sound Investing but it got very repetitive after a while...
by hansp
Sat May 25, 2013 12:14 am
 
Forum: Personal Consumer Issues
Topic: What podcasts do you listen to?
Replies: 46
Views: 9266

Re: Selling NQ Stock Options & Tax Brackets

You have to use the treasury rate that's equivalent to your time remaining. 10 yr treasuries are at 1.97% right now. I think I modified that down to ~1.8% to get to a 9 year estimate.

Also, the denominator is the ratio - 1 so in your example it is now 0.375 not 1.375
by hansp
Wed May 15, 2013 9:50 am
 
Forum: Investing - Help with Personal Investments
Topic: Selling NQ Stock Options & Tax Brackets
Replies: 30
Views: 1224

Re: Has anyone who has done TLH come to regret it?

I also TLH in early 2009 and have a nice loss carryover that I'm still burning through. I've also used these low basis shares for charitable donations. I then use the cash amount to purchase additional shares for rebalancing my portfolio. So, TLH gives tax savings which then offset all my LTCG every...
by hansp
Tue May 14, 2013 10:48 pm
 
Forum: Investing - Theory, News & General
Topic: Has anyone who has done TLH come to regret it?
Replies: 29
Views: 2009

Re: Selling NQ Stock Options & Tax Brackets

berg, I agree w/ everyone else to sell your RSUs ASAP. Count yourself lucky that they've outpaced the market so far. Check out this thread for "grok's rule of thumb" for when to exercise options. I've found it very helpful. Note the "rule" definitely is on the conservative side a...
by hansp
Tue May 14, 2013 10:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: Selling NQ Stock Options & Tax Brackets
Replies: 30
Views: 1224

Re: Experience with Entitle Direct?

Thanks for the info/experience. I've used them to benchmark quotes when I've refi'd, but the refi has always been w/in $100 of their quote, so I've never gone with them (figured it wasn't worth the hassle of a separate title company). Maybe best used as price leverage when negotiating down title fees?
by hansp
Fri May 10, 2013 6:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Experience with Entitle Direct? [Title insurance]
Replies: 4
Views: 686

Re: Vanguard and DFA: Not Friends?

DFA has a limited set of custodians that it deals with. (I know Schwab, Fidelity and TD Ameritrade are on that list) I believe they target firms that offer "back office" services to financial advisors. For whatever reason, Vanguard is not on this list. edit: looks like if your advisor uses...
by hansp
Fri May 10, 2013 6:01 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard and DFA: Not Friends?
Replies: 16
Views: 1885

Re: Can I roll over 401k to IRA in the same year of backdoor

Are you sure you have to roll over your old 401k so quickly? Many employers allow you to keep it with them even after you leave the company. Assuming it's not a horrible plan, that would make it easy to do the Backdoor Roth this year and then deal with the old 401k later (maybe even rolling it into ...
by hansp
Tue May 07, 2013 1:00 am
 
Forum: Personal Finance (Not Investing)
Topic: Can I roll over 401k to IRA in the same year of backdoor IRA
Replies: 3
Views: 727

Re: Escrow or No Escrow?

It seems like lenders give a 0.25 point credit for using an escrow account. I believe it is a Fannie/Freddie requirement to add 0.25% to the rate if you waive escrow these days. Plays into their risk models... +1 on checking if you are paid interest on the escrow. I had waived it for many years unt...
by hansp
Sun May 05, 2013 10:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Escrow or No Escrow?
Replies: 26
Views: 2131

Re: 1.5% Financial Advisor... or index fund?

I use a fee only advisor on an ongoing basis, but mine is charges a flat fee that is now ~ 0.15% our our assets. 1.5% is way too high. Over the long term, it is incredibly unlikely that they will make up that difference. Again, there are legitimate reasons to use an advisor, but if you decide to go ...
by hansp
Sat May 04, 2013 7:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: 1.5% Financial Advisor... or index fund?
Replies: 81
Views: 5062

Re: Your Dumbest Financial Move

Some common themes from other posts are among mine: 1) Ran up credit card debt in college. Not too bad but after a post-graduation Europe trip, I was $3-4K in debt. Took a few years to get out of that hole. Fortunately that was the time of 0% balance transfers... 2) Horrible stock timing. I bought A...
by hansp
Sat Apr 27, 2013 4:11 am
 
Forum: Personal Finance (Not Investing)
Topic: Your Dumbest Financial Move
Replies: 166
Views: 13283

Re: Your Move, Bogleheads: Advisor Finds DFA’s Returns Trump

Again, in a 401(k) how does DFA inhibit performance-chasing behavior in participants? That's supposed to be an important part of their business model, isn't it? My 401k has had a DFA fund in the past. My guess is that there are relatively few active traders in a given 401k so they don't represent m...
by hansp
Thu Apr 25, 2013 9:59 pm
 
Forum: Investing - Theory, News & General
Topic: Your Move, Bogleheads: Advisor Finds DFA’s Returns Trump Van
Replies: 71
Views: 5114

Re: Questions about Fee-Only Financial Advisor

I'll add that there are some flat fee RIAs out there in addition to the AUM (Assets Under Management) type. I use one of these and my current flat advisor fee works to be 0.14% for a portfolio smaller than yours. Yes, it would be cheaper for me to go completely DIY, but for myself, it is worth it fo...
by hansp
Wed Apr 24, 2013 8:56 am
 
Forum: Investing - Help with Personal Investments
Topic: Questions about Fee-Only Financial Advisor
Replies: 18
Views: 1879

Re: an Amusing Tale of Physicist Turned Hedge fund manager

Could be wrong, but I don't think Burry was a physicist. He was a physician. You're correct! http://en.wikipedia.org/wiki/Michael_Burry Burry was a neurology resident prior to hedge fund days. So Institutional Investor gets it's facts wrong and writes it in a unclear manner. All that plus they are ...
by hansp
Tue Apr 23, 2013 4:19 am
 
Forum: Investing - Theory, News & General
Topic: an Amusing Tale of Physicist Turned Hedge fund manager
Replies: 11
Views: 1756
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