Search found 6972 matches

by tfb
Fri Jun 26, 2015 12:32 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard 529 vs. Michigan 529
Replies: 8
Views: 1230

Re: Vanguard 529 vs. Michigan 529

But then I can't find anything in the disclosure document that explicitly says that Michigan does not recapture the previous tax breaks when doing a rollover out of the Michigan plan. There is this statement: Outgoing rollovers that are not subject to federal income tax also will not be subject to ...
by tfb
Thu Jun 25, 2015 1:22 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard 529 vs. Michigan 529
Replies: 8
Views: 1230

Re: Vanguard 529 vs. Michigan 529

I note that other sites, including the Bogleheads wiki, also say that Michigan does not recapture the state tax break when rolling over to another state's plan. The disclosure document has this rather opaque statement: MESP has received guidance from the Michigan Department of Treasury, the Bureau ...
by tfb
Thu Jun 25, 2015 12:57 pm
Forum: Personal Consumer Issues
Topic: MacBook Pro Worth the money?
Replies: 67
Views: 6809

Re: MacBook Pro Worth the money?

It's the $1200 solution to the $300 problem. Agree. See other threads about Toshiba Chrome Book 2. ... ... There is huge overlap in software functionality between PC and Apple, but it's simply incorrect to say a $1200 Mac laptop is the equivalent of a $300 chromebook - it's not even a close compari...
by tfb
Wed Jun 24, 2015 9:53 am
Forum: Personal Consumer Issues
Topic: MacBook Pro Worth the money?
Replies: 67
Views: 6809

Re: MacBook Pro Worth the money?

Jack FFR1846 wrote:It's the $1200 solution to the $300 problem.

Agree. See other threads about Toshiba Chrome Book 2.
by tfb
Wed Jun 24, 2015 9:47 am
Forum: Personal Finance (Not Investing)
Topic: Citibank issues or: Viable alternatives to Citibank?
Replies: 4
Views: 483

Re: Citibank issues or: Viable alternatives to Citibank?

mister_sparkle wrote:What would qualify as an online bill payment?

Use Citibank's bill payment system to push out a payment. It can be a $20 payment to a credit card or utility. The remainder can still be pulled by autopay from the credit card or utility.
by tfb
Wed Jun 24, 2015 9:36 am
Forum: Personal Finance (Not Investing)
Topic: Citibank issues or: Viable alternatives to Citibank?
Replies: 4
Views: 483

Re: Citibank issues or: Viable alternatives to Citibank?

mister_sparkle wrote:My level of account now requires a minimum of $10,000 across all linked accounts.

Just go down a level. The basic package is still free with only a direct deposit and a bill payment. What extra are you getting at your level that you can't do without?
by tfb
Sat Jun 20, 2015 6:22 pm
Forum: Personal Finance (Not Investing)
Topic: Possible to file a 1099-R correction electronically or does it have to be done over the mail?
Replies: 16
Views: 1822

Re: Possible to file a 1099-R correction electronically or does it have to be done over the mail?

In my case, the rollover custodian and the solo 401k custodian was both with vanguard so there was no 60 day rollover, it was immediate transfer of the mutual funds from custodian to custodian. Why are you fiddling with this instead of telling Vanguard they need to straighten it out? If their 1099-...
by tfb
Sat Jun 20, 2015 6:18 pm
Forum: Investing - Help with Personal Investments
Topic: So my pension has been frozen...
Replies: 34
Views: 6180

Re: So my pension has been frozen...

I've decided to take the money, and invest it in my existing Roth IRA. I'll take the 3% that I was contributing to the Pension and redirect it back to my 401k (I already max out the Roth's every year.) I don't feel that maintaining the extra account, and hoping that the company (and the pension) st...
by tfb
Sat Jun 20, 2015 5:25 pm
Forum: Personal Consumer Issues
Topic: Laptop Suggestion for Writing
Replies: 12
Views: 1304

Re: Laptop Suggestion for Writing

I really like Lenovo. I've deployed a dozen of them in the last year and the users like them and I have been impressed with the hardware. You might check out refurbished units at a place like Newegg http://www.newegg.com/Product/ProductList.aspx?Submit=ENE&N=%2050010418%204016&IsNodeId=1&am...
by tfb
Tue May 26, 2015 9:28 pm
Forum: Personal Consumer Issues
Topic: 60W eq. LED bulb deal alert...
Replies: 35
Views: 3317

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: 4661

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: 579

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: 579

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: 5417

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: 1205

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: Investing - Theory, News & General
Topic: Merrill Edge anyone?
Replies: 98
Views: 16217

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: 910

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: 3773

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: 3773

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: 3773

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: 1251

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: 1500

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: 1767

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: 5943

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: 14
Views: 1698

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: 4630

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: 60150

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: 224
Views: 18177

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: 14
Views: 1698

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: 1035

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: 3715

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: 1874

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: 1906

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: 1906

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: 1906

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: 847

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: 12472

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: 967

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: 967

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: 1449

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: 6297

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: 934

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: 1425

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: 433

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: 6297

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: 541

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: 6297

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: 1036

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: 367

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: 404

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...

Go to advanced search