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by tfb
Tue May 26, 2015 9:28 pm
Forum: Personal Finance (Not Investing)
Topic: Found a great LED deal...$2.49 each.
Replies: 12
Views: 1338

Re: Found a great LED deal...$2.49 each.

I've been on the fence about changing the remaining 10 fixture CFLs in my residence to LEDs, but happened on an excellent deal at Home Depot. Thought some Boglehead minded people would be interested in this. A few stores in my area are sold out already. 4.97 for me, online. Are we going to become s...
by tfb
Fri May 22, 2015 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: Career Advice: Follow "Passion" or Follow the Money?
Replies: 73
Views: 4208

Re: Career Advice: Follow "Passion" or Follow the Money?

I cringe whenever I hear someone talk about his "passion" as though the mere assertion of what is no more than someone's preference should privilege the speaker in special ways, such as implying that having to earn a living is a crass concern by comparison. Happily, the OP does not demons...
by tfb
Tue May 12, 2015 8:23 pm
Forum: Personal Finance (Not Investing)
Topic: Final Form 5500 Penalty for solo 401K
Replies: 5
Views: 496

Re: Final Form 5500 Penalty for solo 401K

fireweed wrote:I originally had a vanguard solo 401k, but ended up transferring the assets to a fidelity solo 401k so that I could rollover assets from elsewhere. Was I supposed to have filed a Form 5500 too?

Only if the assets exceeded $250k. You are still maintaining the plan. It's not terminated.
by tfb
Tue May 12, 2015 8:21 pm
Forum: Personal Finance (Not Investing)
Topic: Final Form 5500 Penalty for solo 401K
Replies: 5
Views: 496

Re: Final Form 5500 Penalty for solo 401K

I decided I would do no further consulting so I rolled over the funds to an individual IRA in calendar year 2013. You could do that only if you terminated the plan. If you followed the plan termination checklist you would see filing a 5500 is one item on the list. http://www.irs.gov/Retirement-Plan...
by tfb
Mon May 11, 2015 8:53 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Financial Plan Under the New [ 0.3% ] Fee
Replies: 33
Views: 5184

Re: Vanguard Financial Plan Under the New [ 0.3% ] Fee

1210sda wrote:Don't the Life Strategy funds do pretty much the same thing that VPAS will be doing? Fund selection, Asset allocation. etc.....
1210

LifeStrategy funds don't come with an advisor you can talk to outside fund selection and asset allocation unless you have $500k.
by tfb
Mon May 11, 2015 7:49 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Advisor Services vs Balanced Funds
Replies: 8
Views: 1044

Re: Vanguard Advisor Services vs Balanced Funds

Does Vanguard Advisor Service rebalance for you? It is more expensive than all the balanced funds, why not just move your holdings to balanced funds instead of using the Vanguard Advisor Services? What are the pros and cons between the two? It does. A balanced fund doesn't come with an advisor unle...
by tfb
Mon May 11, 2015 7:18 pm
Forum: Personal Finance (Not Investing)
Topic: Merrill Edge anyone?
Replies: 81
Views: 13451

Re: Merrill Edge anyone?

quizzer25 wrote:Do I need to wait (3 months approx for the platinum status) to purchase ETF's without fees?

300 free trades in the first 90 days will tide you over.

https://www.merrilledge.com/cmaoffer
by tfb
Mon May 11, 2015 7:10 pm
Forum: Personal Finance (Not Investing)
Topic: Santander Bank - missing $20 bonus
Replies: 5
Views: 745

Re: Santander Bank - missing $20 bonus

555 wrote:IIt looks like this this won't work any more. Is that a fair assessment?

It's still working. It depends on which bank you use to originate ACH push and the code they put on it.
by tfb
Mon May 11, 2015 12:13 am
Forum: Investing - Theory, News & General
Topic: Vanguard investors: be thankful for ETFs!*
Replies: 24
Views: 3528

Re: Vanguard investors: be thankful for ETFs!*

However, don't those formulas only consider Federal taxes? Someone in California who has a 10% state tax rate on all distributions and is paying AMT so the state taxes aren't federally deductible might be quite a bit worse off. If you consider the state income tax on the distributions you would als...
by tfb
Sun May 10, 2015 11:31 am
Forum: Investing - Theory, News & General
Topic: Vanguard investors: be thankful for ETFs!*
Replies: 24
Views: 3528

Re: Vanguard investors: be thankful for ETFs!*

tfb, A few points in reply to your comments. -While VXF may have only 10% of the total assets of the Extended Market Index Fund, what's relevant in determining the effect in avoiding capital gain distributions is the number of redemption events of ETF creation units by authorized participants. The ...
by tfb
Sat May 09, 2015 11:45 pm
Forum: Investing - Theory, News & General
Topic: Vanguard investors: be thankful for ETFs!*
Replies: 24
Views: 3528

Re: Vanguard investors: be thankful for ETFs!*

Both funds track the same index, have identical expense ratios, and very similar pre-tax returns (the Fidelity fund's is actually a few basis points higher). But M*'s tax-adjusted 10-year return is about 50 bp higher for the Vanguard fund. That's pretty significant in my opinion--wouldn't you be mo...
by tfb
Fri May 08, 2015 1:50 am
Forum: Investing - Help with Personal Investments
Topic: Notary for 401k rollover?
Replies: 15
Views: 915

Re: Notary for 401k rollover?

Is it strange that they ask both me and my wife to sign the paperwork? Shouldn't it just be my wife, as it's her money? They won't rollover the 401k without both my wife and my signature, notarized. It's not strange when the plan provides qualified joint and survivor annuity as a form of benefit. T...
by tfb
Thu May 07, 2015 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: HSA Max Contribution Annoyance
Replies: 15
Views: 1341

Re: HSA Max Contribution Annoyance

knpstr wrote:As to why the max isn't double... good question.

Some congressional staffers overlooked the math properties.

HSA Contribution Limit: Family Coverage vs Individual Coverage
by tfb
Wed May 06, 2015 10:31 am
Forum: Personal Finance (Not Investing)
Topic: Credit union: "once a member, always a member"?
Replies: 22
Views: 1636

Re: Credit union: "once a member, always a member"?

Of course you can leave. It just means they won't kick you out if you no longer work for the employer, live in the area, etc.
by tfb
Wed May 06, 2015 10:18 am
Forum: Investing - Theory, News & General
Topic: Vanguard Personal Advisor Services now live
Replies: 38
Views: 5374

Re: Vanguard Personal Advisor Sevices now live

1210sda wrote:Flagship clients have a benefit called "Access to a financial adviser". This is free. Is this the same as VPAS or not?

It's not. VPAS has two parts: the advice and managing your accounts. Access just means talking to someone. They don't do it for you.
by tfb
Wed May 06, 2015 10:02 am
Forum: Investing - Help with Personal Investments
Topic: DFA Fund help.
Replies: 12
Views: 1241

Re: DFA Fund help.

...and now it's there. Schwab executed the purchase. Transaction went through with zero transaction costs. I received a trade execution confirmation via email and it now lists among my assets in the "positions" tab. Nice. Now we just need to see if other people in plans with PCRA brokerag...
by tfb
Wed May 06, 2015 9:57 am
Forum: Investing - Theory, News & General
Topic: The Case FOR the Roth 401k
Replies: 46
Views: 4241

Re: The Case FOR the Roth 401k

What are your thoughts? You are mixing reasons for holding a Roth account and reasons for contributing to a Roth 401k. If you view it by that angle and mark your reasons by 'hold' and 'contribute' you will see most of the reasons you listed are for holding a Roth. There are ways to put money into R...
by tfb
Mon May 04, 2015 8:19 pm
Forum: Personal Finance (Not Investing)
Topic: The Mega Backdoor Roth IRA
Replies: 261
Views: 58357

Re: The Mega Backdoor Roth IRA

Following up on the earlier part of this thread. Has anyone found a solo 401k provider that permits after-tax, non-Roth contributions? You either get your own document and administer it yourself ($200 a year) or hire a TPA for about $500 a year. See blog post: Mega Backdoor Roth In Solo 401k: Contr...
by tfb
Sun May 03, 2015 2:01 pm
Forum: Forum Issues and Administration
Topic: Forum software upgrade bug reports and change requests
Replies: 206
Views: 9632

Re: Forum software upgrade bug reports and change requests

mingstar wrote:I'm going to try using 'memcache' for caching the phpBB session data and search results, etc. I don't know if it will make any difference but it's worth a try.

Just got this error but it went away on refresh.

Could not find required extension [memcache] for the ACM module memcache.
by tfb
Sun May 03, 2015 1:57 pm
Forum: Investing - Help with Personal Investments
Topic: DFA Fund help.
Replies: 12
Views: 1241

Re: DFA Fund help.

I discovered that my employer's brokerage window through Schwab allows me to invest in a few DFA funds with no transaction fees. Have you successfully bought any or do the funds just appear when you search for them? Do a test order of DFA Global Equity Portfolio Class R (DGERX) ER 0.56% before you ...
by tfb
Sun May 03, 2015 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: Persuading employer to offer mega backdoor Roth IRA: worth it?
Replies: 7
Views: 940

Re: Persuading employer to offer mega backdoor Roth IRA: worth it?

It would be such a huge boon for me personally, but I can imagine the number of employees who would benefit would be quite small. What kind of additional work would be demanded of the employer to make this happen? Amend the plan. Modify payroll. New forms and procedures for HR. Communicate to emplo...
by tfb
Sun May 03, 2015 1:25 pm
Forum: Investing - Help with Personal Investments
Topic: There's a monster under my bed... [CDs instead of bonds?]
Replies: 30
Views: 3510

Re: There's a monster under my bed... [CDs instead of bonds?]

Kevin M wrote:Another reason, that is irrational IMO, is better past performance.

Worth repeating. Some people pointed out how great bond funds did and the CD buyers missed out on the capital gains.

https://bogleheads.org/forum/viewtopic. ... 0&t=154768
by tfb
Sun May 03, 2015 1:01 pm
Forum: Investing - Theory, News & General
Topic: New [marketing approach] by Fidelity, 401K custodian of many
Replies: 23
Views: 1735

Re: New, potentially colossal scam, by Fidelity, 401K custodian of many

I just logged into my Fidelity 401K account, and I was unpleasantly greeted by the following screen, very prominently taking the top-shelf portion of my laptop screen, and imposing what seemed like a mandatory request for a selection. Just tried it myself, both from fidelity.com and on NetBenefits....
by tfb
Fri May 01, 2015 11:07 pm
Forum: Personal Finance (Not Investing)
Topic: FIA Card Services website
Replies: 18
Views: 1699

Re: FIA Card Services website

madbrain wrote:Does Amex do this differently and issue cards with different numbers for joint account holders ?

It does. Take a look at your two cards.
by tfb
Fri May 01, 2015 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: FIA Card Services website
Replies: 18
Views: 1699

Re: FIA Card Services website

Looks like you can set it up online through this link: https://autopay.fiacardservices.com/ I think that is only if you pay a set amount... not the variable full balance. For the full balance they required paper forms, I have had the MC forever but not long ago I setup the amex and it was still pap...
by tfb
Fri May 01, 2015 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: FIA Card Services website
Replies: 18
Views: 1699

Re: FIA Card Services website

Does the FIA Card Services website allow reporting by card holder, e.g. if two people share a credit card, can a filter be applied to the statement to view who charged what? Similar to what AMEX allows. Look at your two cards from FIA. The card numbers are the same. They don't know whose card was u...
by tfb
Tue Apr 28, 2015 6:11 pm
Forum: Investing - Help with Personal Investments
Topic: Are 401(k) Front-End Load Fees Illegal?
Replies: 5
Views: 719

Re: Are 401(k) Front-End Load Fees Illegal?

The broker informed our 401(k) board that "front load fees are illegal in 401K plans. This is in Illinois. Is this true? Did the broker " misunderstood " my question? I mean, yes, people probably can't get charged a front load fee to make contributions to a 401(k), but the underlying...
by tfb
Mon Apr 27, 2015 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Does a home mortgage use Simple or Compund Interest?
Replies: 136
Views: 12025

Re: Does a home mortgage use Simple or Compund Interest?

Can someone explain how a home mortgage loan, fixed rate, works please? Is it simple interest or compund and if its compund would that be daily compound or something else? Thank you Someone bumped my blog post on this topic. I just noticed after 100+ replies there didn't seem to be a clear conclusi...
by tfb
Mon Apr 27, 2015 12:03 pm
Forum: Investing - Help with Personal Investments
Topic: TD Ameritrade Solo 401k Questions
Replies: 23
Views: 854

Re: TD Ameritrade Solo 401k Questions

I am a sole proprietor, and I've been told on several occasions that TDA doesn't track employer/employee contributions; that is up to me. I separate the two by having a ROTH 401k as well, where all of my employee contributions go. Employer contributions get shunted to the regular 401k. I think this...
by tfb
Sun Apr 26, 2015 4:49 pm
Forum: Investing - Help with Personal Investments
Topic: TD Ameritrade Solo 401k Questions
Replies: 23
Views: 854

Re: TD Ameritrade Solo 401k Questions

At fidelity, the transaction history showed the contributions and whether they were employee or employer contributions. TD must have similar features. We don't know whether this is true or not at TDA. It's possible TDA asks you to track it yourself, as reported by the previous post below. That's wh...
by tfb
Sun Apr 26, 2015 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: How hard is it to set up a solo 401k?
Replies: 15
Views: 1352

Re: How hard is it to set up a solo 401k?

So here's the scheme: I claim a trivial amount of self-employment income, set up a solo 401k, clear up my traditional IRA, and then use my now-empty traditional IRA to do backdoor roth contributions. You can't just claim a trivial amount of self-employment income. You have to actually make the inco...
by tfb
Tue Apr 14, 2015 8:51 pm
Forum: Forum Issues and Administration
Topic: How does this site make money?
Replies: 39
Views: 5690

Re: How does this site make money?

Name one "monetized" website that you think better serves its audience than this one. Too many. Google serves its audience (search for most relevant information) better than this one does its audience (share investing knowledge). Facebook serves its audience (connect people with their fri...
by tfb
Mon Apr 13, 2015 7:37 pm
Forum: Personal Finance (Not Investing)
Topic: 401k conversion tax when moving
Replies: 15
Views: 870

Re: 401k conversion tax when moving

iverson3504 wrote:Any other ideas on how to limit the income to one state without having to wait until 2016?

What's the rush? Waiting is the safest bet. Otherwise do a mock return as a part-year resident in state A with and without this extra income and compare.
by tfb
Mon Apr 13, 2015 6:09 pm
Forum: Investing - Help with Personal Investments
Topic: ESPP Worth It?
Replies: 17
Views: 1272

Re: ESPP Worth It?

The numbers I used for my analysis are below, with numbers rounded/estimated for ease of math: Funds for purchase every three months: $1200 Share price: $30 - 5% = $28.50 Shares purchased = 42.1 Sale proceeds = $1263 - $25 = $1238 Pre-tax return = $38 Post-tax return = $38 * 66.5% = $25.27 Return p...
by tfb
Mon Apr 13, 2015 5:55 pm
Forum: Investing - Help with Personal Investments
Topic: Help with 8949 cost basis
Replies: 4
Views: 371

Re: Help with 8949 cost basis

The tax software shows my basis as $11,425 and my gain/loss as $8,567 and then it continues on to show me my cost basis again is $11,425 and my sales price as $19,992. When I enter this in the software it change my tax due to the federal gov't by $2,587.00 which seems very high so I don't think the...
by tfb
Sun Apr 12, 2015 10:50 pm
Forum: Forum Issues and Administration
Topic: How does this site make money?
Replies: 39
Views: 5690

Re: How does this site make money?

The real story behind all this is the selflessness of the owners of this site. This is a million dollar a year site they have simply decided not to monetize. The beauty of capitalism is that you can make money and at the same time serve your purpose better. If the site chooses to monetize, it can h...
by tfb
Sun Apr 12, 2015 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax Flagship Pricing for Tax Year 2014?
Replies: 4
Views: 474

Re: TurboTax Flagship Pricing for Tax Year 2014?

From Vanguard site: *Flagship Desktop download Premier is free for the 2014 tax year only. TurboTax Premier Desktop Download $^^.^^ Free, including state filing* --- As a Flagship client at Vanguard, I was able to download Turbo Tax Premier for free, which supposedly includes "state filing&quo...
by tfb
Sat Apr 11, 2015 5:17 pm
Forum: Forum Issues and Administration
Topic: How does this site make money?
Replies: 39
Views: 5690

Re: How does this site make money?

A note on Payal. Larry and I have kept Bogleheads.org non-commercial, but it is not a charity. So Paypal takes its standard cut of 2.9% and a 30 cent transaction fee from every transaction, regardless of whether you do it by balance transfer or credit card. Which, incidentally, is why Paypal pushes...
by tfb
Sat Apr 11, 2015 3:08 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth after Rollover
Replies: 10
Views: 941

Re: Backdoor Roth after Rollover

Based on what you've described, and if I understand things correctly, if you make a non-deductible contribution to a tIRA now, before April 15, for tax year 2014, the pro-rata rule will apply when you do the conversion. It will not apply because you are not converting in 2014. The important end-of-...
by tfb
Fri Apr 10, 2015 9:51 am
Forum: Personal Finance (Not Investing)
Topic: Health Insurance Premium Deduction and Credit
Replies: 2
Views: 280

Re: Health Insurance Premium Deduction and Credit

This is ACA coverage through the Exchange. I am self employed. When you qualify for both the deduction and the credit make sure your accountant or his/her software handles the iterative calculation that allocates the gross premium between the deduction and the credit. Send Rev. Proc. 2014-41 to you...
by tfb
Fri Apr 10, 2015 9:41 am
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth and a 401k rollover in the same year tax free?
Replies: 6
Views: 350

Re: Backdoor Roth and a 401k rollover in the same year tax f

Is it possible to do a Backdoor Roth and a 401k rollover into a traditional IRA in the same year without paying taxes? It's possible if you roll the pre-tax money from the traditional IRA to an employer plan in the same year, before December 31. what are savvy people doing who are in this situation...
by tfb
Thu Apr 09, 2015 5:54 pm
Forum: Investing - Theory, News & General
Topic: The $1 Million Goal: Source of Motivation or Discouragement?
Replies: 172
Views: 16436

Re: The $1 Million Goal: Source of Motivation or Discouragem

EmergDoc wrote:I'm not saying you've got to build a website that'll pay you $200K a year. I'm saying that $30K just isn't that much money.

It actually is for a website. I have years of proof.
by tfb
Wed Apr 08, 2015 2:33 pm
Forum: Investing - Theory, News & General
Topic: Withdrawing from balanced funds when stocks are down
Replies: 30
Views: 1786

Re: Withdrawing from balanced funds when stocks are down

Christine Benz at Morningstar says she avoids balanced funds in her bucket portfolios because you don't want to sell stocks in a downturn. But then I've read posters here saying you're not really doing that; you're selling the bond portion and then the fund is automatically rebalancing by buying st...
by tfb
Sun Apr 05, 2015 6:01 pm
Forum: Investing - Theory, News & General
Topic: Small Value is not tax inefficient!
Replies: 13
Views: 1653

Re: Small Value is not tax inefficient!

The ETF share class has helped the tax management considerably, by allowing shares with low basis costs to be disposed of in ETF redemptions. This is of course unique to Vanguard for the next several years. The small value iShares S&P 600 Value ETF (IJS) is more tax efficient than VTI. IJS: tot...
by tfb
Fri Apr 03, 2015 8:14 pm
Forum: Personal Finance (Not Investing)
Topic: Very Complex Backdoor Roth IRA Conversion
Replies: 10
Views: 861

Re: Very Complex Backdoor Roth IRA Conversion

Me: 1. Open a solo 401k through Fidelity before 4/15/15 and contribute a small amount from my side income of $2k. 2. Roll the $35k in my SEP IRA (which is with vanguard) into the solo 401k at Fidelity before 4/15/15 to avoid the pro-rata rule Too late to contribute 2014 poker income to solo 401k no...
by tfb
Thu Apr 02, 2015 5:59 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard Turbo Tax prices anounced
Replies: 92
Views: 15990

Re: Vanguard Turbo Tax prices anounced

If anybody is still monitoring this topic (or I'm the only one who hasn't done their taxes?), can you clear up the TT pricing for me? I have 3 Federal and four -2 different states- State Returns. I'm Flagship and downloaded Federal (seems to have automatically downloaded 1 state). I read that I can...
by tfb
Wed Apr 01, 2015 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: Great ESPP not for "ME"?
Replies: 20
Views: 1889

Re: Great ESPP not for "ME"?

frisbee wrote:I just read through the prospectus, and wonder whether the language contained within is generic tax code or specific to my company.

Just generic tax code. The company can't say what's ordinary income what's capital gains.
by tfb
Wed Apr 01, 2015 7:31 pm
Forum: Personal Finance (Not Investing)
Topic: Why does Vanguard require snail mail for new applications?
Replies: 7
Views: 919

Re: Why does Vanguard require snail mail for new application

Just curious why I need to print out a 9 page document they already have the info for? Seems like a waste and most other banks/brokerages can do everything online. Is Vanguard still really behind? I recall hearing about having to call in and wait 60 days and stuff like that. Hoping this isn't a for...
by tfb
Wed Apr 01, 2015 7:29 pm
Forum: Personal Finance (Not Investing)
Topic: Comparing tax software vs. my accountant?
Replies: 15
Views: 1311

Re: Comparing tax software vs. my accountant?

Can one do a trial run of the software without having to purchase? How best to do a trial run of turbo tax vs HR block without having to pay for the software? Just buy the actual software (don't use online). They are very inexpensive relative to what you pay to your accountant. Both offer money-bac...
by tfb
Sun Mar 29, 2015 11:21 am
Forum: Personal Finance (Not Investing)
Topic: Turbo Tax Estimated Tax Coupons in *.pdf
Replies: 5
Views: 377

Re: Turbo Tax Estimated Tax Coupons in *.pdf

Anyone have an idea what I could have done this, or is a known TT bug or something? I have not yet tried to contact TT, but I'm concerned about filing if there's something in there that's going to lead the IRS into expecting estimated tax payments from me. It always did that when I used TT several ...

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