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Re: Mr. Money Mustache: Hero or Foolish?

Tis true, the guy is pretty chill in person. I attended a session at a conference he gave once about building a blog by creating a cult, or something like that. So his blog persona definitely isn't random. I remember that session. Here's the intro: People are naturally attracted to certain social s...
by tfb
Wed Apr 23, 2014 1:09 pm
 
Forum: Investing - Theory, News & General
Topic: Mr. Money Mustache: Hero or Foolish?
Replies: 248
Views: 27152

Re: HSA Bank -- tried to assess ridiculous, trivial fee

Do you know of another HSA that will allow free investing with no minimums? No, at least not one that allows free investing into index funds or ETFs without any kind of special fee-waiver deal with an employer. I use Saturna, all I pay is $14.95/year for one trade. I only do one trade a year anyway...
by tfb
Wed Apr 23, 2014 12:25 am
 
Forum: Personal Finance (Not Investing)
Topic: HSA Bank -- tried to assess ridiculous, trivial fee
Replies: 7
Views: 770

Re: New 24 yo Investor Looking for Advisor and Roth IRA Advi

I am paying Ameriprise $30 a month for their services - which so far haven't been that great. For example, I only talk to my advisor once every three or four months and when I do its only for less than an hour. So at the moment, what it basically boils down to is that I'm paying AF $300 a yr to hel...
by tfb
Tue Apr 22, 2014 9:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: New 24 yo Investor Looking for Advisor and Roth IRA Advice
Replies: 11
Views: 565

Re: HSA Bank -- tried to assess ridiculous, trivial fee

Oh well, I'm planning to pay the fee to invest all holdings in ETF's anyway, but didn't feel like I should have to pay it for this first month. Since you are OK with paying $5.50 a month for months and maybe years to come, you just pretend this one-time $2.50 gets you started. If you started invest...
by tfb
Tue Apr 22, 2014 9:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: HSA Bank -- tried to assess ridiculous, trivial fee
Replies: 7
Views: 770

Re: Fidelity transfer fees...

bondsr4me wrote:I do know they charge $75 to sell my Vanguard fund.

I thought it was $75 to buy and $0 to sell.
by tfb
Tue Apr 22, 2014 3:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: Fidelity transfer fees...
Replies: 4
Views: 462

Re: Experiences with Eli Lilly Credit Union for HSA?

Sent this email after hearing about their new HSA wire transfer fee Keep these going. They need to hear from the members. Got this in return: Thank you for your email and your feedback. At this time, our only option is the wire transfer. We are always interested in member feedback, so we thank you....
by tfb
Mon Apr 21, 2014 11:28 am
 
Forum: Investing - Help with Personal Investments
Topic: Experiences with Eli Lilly Credit Union for HSA?
Replies: 57
Views: 3916

Re: Newbie 24 year old investor, portofolio and finance Q's.

1. Tackle $5300 CC debt @ 0.00% APR before the APR starts to kick in around October 2014. 2. Start contributing to ROTH IRA for Fiscal Year 2014 (max out before April 2015) 3. Save up to finish tackling off the 401K Loan I took out on myself (btw, some of you may be wondering why i have a 401K loan...
by tfb
Mon Apr 21, 2014 1:10 am
 
Forum: Investing - Help with Personal Investments
Topic: Newbie 24 year old investor, portofolio and finance Q's.
Replies: 21
Views: 1180

Re: Do you use a dry powder/tactical asset allocation strate

Investor2 wrote:Do you use a “dry powder” strategy? If so, how do you implement it, and what are your plans given the current market?

I do, by increasing equity exposure in bear markets. I maintain a normal allocation in the current market.
by tfb
Sun Apr 20, 2014 11:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: Do you use a dry powder/tactical asset allocation strategy?
Replies: 23
Views: 1801

Re: Typical fees for an account with Morgan Stanley ?

I never understood who gets suckered into these accounts peddled by middlemen. Maybe the former clients can tell us why. Here's one explanation: Two households in my family have MS accounts, in both cases it is because they like having a specific person to talk to and who knows their account. They ...
by tfb
Sun Apr 20, 2014 10:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Typical fees for an account with Morgan Stanley ?
Replies: 20
Views: 1616

Re: Quicken - Investment expenses?

It does allow me to Record proceeds, which would be great it it allowed me to send them to an investment expense but it seems to allow me to only put them to net worth (asset or liability) accounts. No expense accounts listed. Seems like my only recourse is to make up some psuedo net worth transfer...
by tfb
Sun Apr 20, 2014 8:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Quicken - Investment expenses?
Replies: 6
Views: 274

Re: How to start tracking finances

I read about everyone here and elsewhere that have all their spending tracked and categorized, and I'd like to get there myself. I've tried using Quicken a couple of times, but never really made it out of the gate due to confusion on how to get started. Get a book on Quicken from the library. A rud...
by tfb
Sun Apr 20, 2014 8:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to start tracking finances
Replies: 14
Views: 1390

Re: Vanguard Personal Advisor Services

I thought what The Finance Buff was covering in that link was Vanguard's Financial Plan Service. Personal Advisor Services involves Vanguard actually managing the money which is something different. True, and the titles of the articles said so. A recent post from another thread said Vanguard is mer...
by tfb
Sat Apr 19, 2014 4:39 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard Personal Advisor Services
Replies: 26
Views: 4102

Re: Backdoor to avoid roundtrip problems with Fido Brokerage

every one of my bi-weekly 401k contributions goes directly into my BrokerageLink account's mmkt, and then I turn around and manually buy a fund (the fund I buy depends on whatever my AA says is lower) To each his/her own of course but I think you are making it too hard. If your account size is larg...
by tfb
Sat Apr 19, 2014 1:45 pm
 
Forum: Investing - Theory, News & General
Topic: Backdoor to avoid roundtrip problems with Fido Brokeragelink
Replies: 3
Views: 789

Re: Q&A with the Experts at 2014 Bogleheads Conference

Question for Dr. Bernstein: How should we apply principles in your book "The Ages of the Investor" to funding a 529 plan for college expenses? On one hand it's investing a stream of contributions, which argues for a more aggressive allocation. On the other hand it seems a good candidate fo...
by tfb
Fri Apr 18, 2014 1:54 pm
 
Forum: Investing - Theory, News & General
Topic: Q&A with the Experts at 2014 Bogleheads Conference
Replies: 4
Views: 610

Re: Experiences with Eli Lilly Credit Union for HSA?

$24 for funding once a year and transferring once a year still beats $66 fee by HSA Bank. I'm going to write to them and ask them to consider doing the transfers by ACH. Sure except I contribute monthly and now I'm going to have to have a full year's worth of contributions sitting in their bank acc...
by tfb
Fri Apr 18, 2014 11:41 am
 
Forum: Investing - Help with Personal Investments
Topic: Experiences with Eli Lilly Credit Union for HSA?
Replies: 57
Views: 3916

Re: HSA funds

asif408 wrote:My question to you is: Would it be worth the time and effort to contact my current administrator and complain about the offerings?

No. Those expensive funds were chosen for a reason. Your time and effort are better spent on moving to a better administrator.
by tfb
Fri Apr 18, 2014 10:42 am
 
Forum: Investing - Theory, News & General
Topic: HSA funds
Replies: 2
Views: 266

Re: Experiences with Eli Lilly Credit Union for HSA?

I believe I just saw that ELFCU now charges $24 (!!!) to transfer money from their HSA Bank Account to the TD Ameritrade account. Here's the notice in Your Message Center on the Home tab: Effective April 15th, Elfcu will be assessing a $24.00 wire transfer fee for all OUTGOING Wires being debited f...
by tfb
Fri Apr 18, 2014 10:39 am
 
Forum: Investing - Help with Personal Investments
Topic: Experiences with Eli Lilly Credit Union for HSA?
Replies: 57
Views: 3916

Re: Experiences with Eli Lilly Credit Union for HSA?

wormtail wrote:So, is there any rule that her catchup HSA account needs to be with the same plan as mine?

There isn't.
by tfb
Fri Apr 18, 2014 10:30 am
 
Forum: Investing - Help with Personal Investments
Topic: Experiences with Eli Lilly Credit Union for HSA?
Replies: 57
Views: 3916

Re: Blog: Vanguard Personal Advisor Services

Vanguard has gone public with this. Although it's still not linked from the website navigation, they were featured and quoted in the New York Times article Financial Advice for People Who Aren’t Rich. There's also a new, much more elaborate landing page that rivals one produced by the startups.
by tfb
Sun Apr 13, 2014 2:39 pm
 
Forum: Investing - Theory, News & General
Topic: Blog: Vanguard Personal Advisor Services
Replies: 23
Views: 4034

Re: My financial advisor doubt

From what I understand, if I ever decide to end the relationship, theses DFA fund will need to be sold, probably generating a huge capital loss/gain. How this situation should be approached? FYI, I am at the very beginning of this relationship. Not true. If you end the relationship, your funds are ...
by tfb
Sun Apr 13, 2014 2:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: My financial advisor doubt
Replies: 28
Views: 3173

Re: If not dollar cost averaging...then what?

My question is: what's the alternative - because that always seems left out of these discussions. So DCA isn't the best - but what's better? Lump summing at the "right time" is, as we all know, a fool's errand. So what then do the non-DCA folks do? Invest regularly on a quarterly basis? M...
by tfb
Sun Apr 13, 2014 2:07 pm
 
Forum: Investing - Theory, News & General
Topic: If not dollar cost averaging...then what?
Replies: 15
Views: 788

Re: Roth to Traditional and then backdoor to Roth

Backdoor Confusion wrote:If we now want to make backdoor Roth IRA contributions, would it be best to make those backdoor contributions to our Vanguard Roth IRA accounts on April 15th so that those contributions are considered for tax-year 2013?

No.
by tfb
Sun Apr 13, 2014 2:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Roth to Traditional and then backdoor to Roth
Replies: 2
Views: 192

Re: the President's savings rate

ERMD wrote:are you saving more for retirement than barack obama?

Yes but does the President *need* to save for retirement?

The Wizard wrote:Ex presidents and other significant federal officials get nice pensions and healthcare, if I'm not mistaken. They're different from you & me...

And income from speaking and memoir.
by tfb
Sun Apr 13, 2014 1:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: the President's savings rate
Replies: 19
Views: 2626

Re: Why does Vanguard use average return iso compound annual

That makes four the number of Vanguard employees to assert that "average" is average. Since you are just testing them when you already know the right answer, it would be good to call up Schwab, Fidelity, T. Rowe Price, TD Ameritrade, and E*Trade with the same question and see what answer ...
by tfb
Sat Apr 12, 2014 12:27 am
 
Forum: Investing - Theory, News & General
Topic: Why does Vanguard use average return iso compound annual?
Replies: 99
Views: 4141

Re: Mr. Money Mustache: Hero or Foolish?

He [J.D. Roth] was one of us until he got money. Then he began to think, "Oh my, I've mopped myself into a corner here, all these people are looking to me but I don't want to be their guru anymore. I want to go and be rich. I want to enjoy what I have earned in my own way without having to con...
by tfb
Fri Apr 11, 2014 10:31 am
 
Forum: Investing - Theory, News & General
Topic: Mr. Money Mustache: Hero or Foolish?
Replies: 248
Views: 27152

Re: Experiences with Eli Lilly Credit Union for HSA?

Then what if you get a new job that doesn't offer HDHP? Will the last month rule make it not eligible? The last month rule gives you an extra way to qualify for the full year. It doesn't veto your eligibility in the previous months. When you stop having HDHP your contribution is pro-rated by month....
by tfb
Fri Apr 11, 2014 2:44 am
 
Forum: Investing - Help with Personal Investments
Topic: Experiences with Eli Lilly Credit Union for HSA?
Replies: 57
Views: 3916

Re: Mr. Money Mustache: Hero or Foolish?

I said something earlier about Mr. MM and his enemies that I guessed at intuitively, but didn't have fully reasoned out. What will happen when he is no longer challenged by his blog and no longer desires to live The Way of the Mustachian? A man full of ideas and boundless energy, impatient with lim...
by tfb
Wed Apr 09, 2014 5:39 pm
 
Forum: Investing - Theory, News & General
Topic: Mr. Money Mustache: Hero or Foolish?
Replies: 248
Views: 27152

Re: Solo 401k Contribution Limit Confusion

Atgard wrote:the IRS form seems to contradict the Wiki

The other way around. That only means the wiki is wrong or incomplete.
by tfb
Wed Apr 09, 2014 5:32 pm
 
Forum: Investing - Theory, News & General
Topic: Solo 401k Contribution Limit Confusion
Replies: 5
Views: 480

Re: 529 for personal education

I am going to do a part time MBA program which will end in 2 years and I wanted to put money into a 529 in a conservative fund to make some money on it. Can someone give me some advice on that? I'm in Massachusetts so there is no tax benefit with my own state's plans. Consider using a plan that giv...
by tfb
Mon Apr 07, 2014 3:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: 529 for personal education
Replies: 3
Views: 312

Re: Illinois tax question

I'm confused Assume base AGI of 35,500 Deposit 5500 into traditional IRA AGI drops to 30,000 Market crashes before I convert. 5500 becomes 4000 Convert 4000 to Roth IRA AGI becomes 34,000. Is this against the rules? What am I not understanding? Sorry, I didn't know you were going to wait for a cras...
by tfb
Mon Apr 07, 2014 2:09 am
 
Forum: Investing - Help with Personal Investments
Topic: Illinois tax question
Replies: 19
Views: 814

Re: Illinois tax question

Angelus359 wrote:Actually, if I add 5500 to my traditional IRA, and it **loses** money, and I convert to Roth, wouldn't that technically lower my AGI for the year, compared to only doing Roth?

It does not.
by tfb
Mon Apr 07, 2014 12:11 am
 
Forum: Investing - Help with Personal Investments
Topic: Illinois tax question
Replies: 19
Views: 814

Re: Firecalc says I will be 100% successful but ...

IIRC all the tweaks on the spending side will raise your success rate as you are saying you are willing to spend less in bad years. Use lower returns.
by tfb
Sun Apr 06, 2014 8:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Firecalc says I will be 100% successful but ...
Replies: 13
Views: 2300

Re: Buying new issue CDs

Are there any cons to building a CD ladder in my brokerage account Vs opening an account with the bank(s) whose CDs I want to invest in? Yes there are. The yields on the brokered CDs must be high enough to compensate the lack of early withdrawal option versus retail CDs. They also must be high enou...
by tfb
Sun Apr 06, 2014 8:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buying new issue CDs
Replies: 7
Views: 572

Re: Social Security benefits question

ripete wrote:It doesn't seem fair that all those ZEROES would be used in the final computational determination of SS benefits.

They follow the law. Fair or not is a matter of opinion. Because of bend points, it's actually better to have those zeroes.
by tfb
Sun Apr 06, 2014 8:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Social Security benefits question
Replies: 8
Views: 481

Outage on 4/5/2014?

Was the whole site down for several hours yesterday (4/5/2014)? I'm not sure if it was just me. If it was down, was it planned or unplanned? I don't see any announcement here.
by tfb
Sun Apr 06, 2014 11:12 am
 
Forum: Forum Issues and Administration
Topic: Outage on 4/5/2014?
Replies: 14
Views: 1073

Re: Fidelity - 2-factor authentication...

cheapskate wrote:You have to call in and insist firmly.

I don't think you necessarily have to insist firmly. I only asked about it as usual. You just have to talk to a rep who knows what you are talking about. Ask for the "Electronic Channel Support" team.
by tfb
Sat Apr 05, 2014 4:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: Fidelity - 2-factor authentication...
Replies: 8
Views: 884

Re: "The Average Investor Should Use a Financial Adviser"

As this thread focused on having Vanguard set up a financial plan (most of us already have one), I thought this less formal service by Vanguard would be of interest to forum members. Thank you for sharing. It's great to know you are able to get this kind of help from Vanguard. It's free for all Voy...
by tfb
Sat Apr 05, 2014 2:44 pm
 
Forum: Investing - Theory, News & General
Topic: "The Average Investor Should Use a Financial Adviser"
Replies: 51
Views: 6991

Re: Setting up money management practice as part time MD

Is this even reasonable for a doc interested in finance? Working mostly with medical trainees and other attending physicians? Practice building through lectures at local medical schools, residencies, etc. What credentials if any are needed? Seems like a fellow physician would garner more trust than...
by tfb
Wed Apr 02, 2014 10:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Setting up money management practice as part time MD
Replies: 10
Views: 986

Re: Is Our Accountant Over-Charging Us?

Any suggestions for a local CPA? I like the idea of using someone out of State, but the CA payroll tax filings for household employees seem to be unique, so I think we should stick with someone local in the event that we have questions/need help with those. Not sure if you really need a CPA for thi...
by tfb
Wed Apr 02, 2014 2:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is Our Accountant Over-Charging Us?
Replies: 30
Views: 3149

Re: The Finance Buff uses a Vanguard Planner.

No mention of the new International bond fund they are recommending? It's in the plan. 20% of fixed income, as seen in target retirement funds. The article Taylor linked in the OP is about the consultation. This article says more about the plan: http://thefinancebuff.com/vanguard-financial-plan-rev...
by tfb
Wed Apr 02, 2014 1:48 pm
 
Forum: Investing - Theory, News & General
Topic: The Finance Buff uses a Vanguard Planner.
Replies: 27
Views: 3629

Re: Wiki expansion of TIPS funds and holding in taxable... Q

I understand that this fixes the "cash flow problem" of holding TIPS in taxable (yay!), but how does the fund achieve this? And what is the effect on turnover? If I hold individual TIPS I don't get paid until maturity, so how is Vanguard able to pay me the inflation-adjusted principal of ...
by tfb
Tue Apr 01, 2014 7:39 pm
 
Forum: Investing - Theory, News & General
Topic: Wiki expansion of TIPS funds and holding in taxable... Qs...
Replies: 26
Views: 1027

Re: Why does Vanguard use average return iso compound annual

Frans wrote:Vanguard states 1, 3, 5, 10 years and since inception average annual returns, but doesn't state compound annual/annualized returns.

Before asking why first find out if it's true or not.
by tfb
Tue Apr 01, 2014 7:31 pm
 
Forum: Investing - Theory, News & General
Topic: Why does Vanguard use average return iso compound annual?
Replies: 99
Views: 4141

Re: Mr. Money Mustache: Hero or Foolish?

That said, if someone in his family comes down with a health condition, or his kid decides to go to college, it could be a struggle. That is exactly what I was wondering about. More than a struggle. The hidden horror story of our time, when illness strikes with no health insurance. He has health in...
by tfb
Tue Apr 01, 2014 6:31 pm
 
Forum: Investing - Theory, News & General
Topic: Mr. Money Mustache: Hero or Foolish?
Replies: 248
Views: 27152

Re: The Finance Buff uses a Vanguard Planner.

Advisor says " Answer: Keep 1-2 years worth of expenses in cash. Replenish once a year." Why 2 years in cash and replenish once a year?instead of just one year, I'm guessing a bear market If you keep exactly 1 year you will be at zero at year end. One can't estimate that precisely. So may...
by tfb
Tue Apr 01, 2014 6:29 pm
 
Forum: Investing - Theory, News & General
Topic: The Finance Buff uses a Vanguard Planner.
Replies: 27
Views: 3629

Re: Blog: Vanguard Personal Advisor Services

How is this new service different from the "Ask a CFP" service (free for Voyager Select $500k+) or the "Financial Plan service" ($1000 or less, free for Voyager Select and up)? If you have less than $500k, you can't get the "Ask a CFP" service. Financial plan is just a...
by tfb
Tue Apr 01, 2014 6:23 pm
 
Forum: Investing - Theory, News & General
Topic: Blog: Vanguard Personal Advisor Services
Replies: 23
Views: 4034

Re: The Finance Buff uses a Vanguard Planner.

Advisor says " Answer: Keep 1-2 years worth of expenses in cash. Replenish once a year." Why 2 years in cash and replenish once a year?instead of just one year, I'm guessing a bear market If you keep exactly 1 year you will be at zero at year end. One can't estimate that precisely. So may...
by tfb
Tue Apr 01, 2014 12:30 pm
 
Forum: Investing - Theory, News & General
Topic: The Finance Buff uses a Vanguard Planner.
Replies: 27
Views: 3629

Re: retired at 37?

Since he said he never made over $100K and that he contributed half his income including maxing his 401(k)s and sometimes IRAs, it wouldn’t come out anywhere near the same to use $75K per year as the average savings. He never made over $100k; we don't know how much she made and saved. Using $75k an...
by tfb
Mon Mar 31, 2014 9:11 pm
 
Forum: Investing - Theory, News & General
Topic: retired at 37?
Replies: 52
Views: 4934

Re: The Finance Buff uses a Vanguard Planner.

Can you elaborate more on this question/answer? Question: Where should fixed income go? Muni fund in taxable or taxable bond fund in IRAs? Answer: Keep munis in taxable until you retire. Switch to taxable bond fund in IRAs after. I thought for tax efficiency that you should always put your bond fun...
by tfb
Mon Mar 31, 2014 2:17 pm
 
Forum: Investing - Theory, News & General
Topic: The Finance Buff uses a Vanguard Planner.
Replies: 27
Views: 3629

Re: Mr. Money Mustache: Hero or Foolish?

Nowhere in there does it say "you're retired if you don't work but your wife still does". Or, "you're retired if you no longer do one job, but now do a different one you like better". What do you think of couples in this article in New York Times Coping When Not Entering Retirem...
by tfb
Mon Mar 31, 2014 2:13 pm
 
Forum: Investing - Theory, News & General
Topic: Mr. Money Mustache: Hero or Foolish?
Replies: 248
Views: 27152

Re: retired at 37?

Go to morningstar.com and look at "growth of" charts. You can make 14 charts from 2001-2014, 2002-2014, 2003-2014, … and then add them up. Just did that. Total comes out to 25x for VTSMX. Saving $75k a year will get $1.9m. Beating the market with some lucky individual stocks will get more...
by tfb
Sun Mar 30, 2014 7:26 pm
 
Forum: Investing - Theory, News & General
Topic: retired at 37?
Replies: 52
Views: 4934
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