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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: 2
Views: 312

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: 53
Views: 3465

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: 177

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: 53
Views: 3465

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: 53
Views: 3465

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: 3949

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: 3149

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: 782

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: 189

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: 2615

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: 4079

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: 225
Views: 23846

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: 53
Views: 3465

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: 225
Views: 23846

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: 4
Views: 330

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: 772

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: 772

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: 2228

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: 569

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: 469

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: 1060

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: 859

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: 6957

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: 3126

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: 3607

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: 1023

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: 4079

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: 225
Views: 23846

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: 3607

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: 3949

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: 3607

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: 4917

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: 3607

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: 225
Views: 23846

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: 4917

Re: HSA transfer (Health Equity to Vanguard)

I just read on another BH thread found on Google that you need to maintain a $2,500 checking balance. The Elfcu welcome kit says "initial start-up balance" of $2,500... do you have to always have $2,500 to use their TD Ameritrade account? The other thread is wrong. The $2,500 opens up the...
by tfb
Sun Mar 30, 2014 7:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: HSA transfer (Health Equity to Vanguard)
Replies: 29
Views: 1691

Re: HSA transfer (Health Equity to Vanguard)

gvsucavie03 wrote:Does it then make sense to just use HSA Bank and stick with it? I'd pay more initially for HSA Bank, but save long-term when the account grows in value. Is my conclusion accurate?

Don't limit yourself to only those two choices. Elfcu gives you the same setup as HSA Bank without the $66 fee.
by tfb
Sun Mar 30, 2014 1:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: HSA transfer (Health Equity to Vanguard)
Replies: 29
Views: 1691

Re: “Status Quo” Bias in investing. Does it hurt or help?

“Status Quo” Bias in investing. Does it hurt or help? It depends on whether people are already in a good enough position. Helps if yes; hurts if not. Vanguard's "How America Saves" report shows most people don't do much in their 401k accounts other than regular contributions. Even in the ...
by tfb
Sun Mar 30, 2014 12:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: “Status Quo” Bias in investing. Does it hurt or help?
Replies: 21
Views: 929

Re: Chance to Roll 401k into IRA OR New 401K - NOTHING's Eas

Basically it's a "tax deferred but higher cost" scenario vs "taxable but low cost scenario" It's not just that. The relative size and the size and duration of your assumed drag are causing the calculation to tilt toward taxable. In order to do backdoor for $11k you are sacrifici...
by tfb
Sat Mar 29, 2014 11:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Chance to Roll 401k into IRA OR New 401K - NOTHING's Easy!!
Replies: 9
Views: 468

Re: HSA year to year rollover rules

BostonPickEm wrote:This is likely an HRA, which is owned by the employer and is not portable nor are funds available for carryover.

Money in an HRA can be carried over to the next year (although plans are not required to allow carryover).
by tfb
Sat Mar 29, 2014 6:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: HSA year to year rollover rules
Replies: 6
Views: 395

Re: Multiple HSA rollover(s)

Don Christy wrote:Thanks TFB. Only if convenient, can you site a reference?

I answered the same question here:

http://thefinancebuff.com/how-to-rollov ... ment-14130

It links to IRC section 223(f)(5).
by tfb
Sat Mar 29, 2014 5:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Multiple HSA rollover(s)
Replies: 4
Views: 240

Re: Multiple HSA rollover(s)

Am I parsing the meaning of "an HSA" too finely? Or is it even more simple than that, and all of the accounts represent a single HSA for this purpose? Yes. One year clock starts at the time the money leaves any HSA. You can't do another one until one year passed. You can do one rollover f...
by tfb
Sat Mar 29, 2014 5:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Multiple HSA rollover(s)
Replies: 4
Views: 240

Re: Retirement Savings Contribution Credit - offset by distr

Does the Form truly list every possibly option? Seems like that would be impossible. But it also doesn't seem logical to not allow the $5,000 qualified, non-taxable, distribution to be excluded. You have the answer but you just don't like it. If someone just contributes to a Roth and then immediate...
by tfb
Sat Mar 29, 2014 3:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Retirement Savings Contribution Credit - offset by distr.?
Replies: 7
Views: 424

Re: Widow's Social Security Benefits

Terrific. I will. Thanks you SSCritic, ObliviousInvestor, and Penguin! Rhetorical question since I'm too lazy to create a poll: What's the probability that someone could get this level of guidance ANYWHERE other than BH.org? Kudos to SSCritic, ObliviousInvestor, and Penguin! Rather than getting the...
by tfb
Sat Mar 29, 2014 12:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Widow's Social Security Benefits
Replies: 22
Views: 1447

Re: Over a few decades, will TBM returns equal TIPS?

As someone who believes in macroeconomic theory, it seems to me that sooner or later market forces will ensure that total returns from nominal bonds and TIPS of the same durations will be equivalent. Exactly to two decimal places? No. Close enough, maybe; it depends on your tolerance and measuremen...
by tfb
Sat Mar 29, 2014 10:34 am
 
Forum: Investing - Theory, News & General
Topic: Over a few decades, will TBM returns equal TIPS?
Replies: 30
Views: 1982

Re: What makes a boglehead different

I have heard many times that the key to investing is savings, and the key to savings is "delaying gratification." I believe this is a flawed view. The more I read this forum, the more I see a trend emerge which in my opinion defines the boglehead community. That is that savings in and of ...
by tfb
Sat Mar 29, 2014 10:32 am
 
Forum: Personal Finance (Not Investing)
Topic: What makes a boglehead different [Behavior of saving]
Replies: 36
Views: 2406

Re: Excess Contribution Roth IRA 2013 - Backdoor 2014

Side note: my current employer does NOT offer a retirement plan. I could treat all these as deductible contributions and disregard the backdoor option. However, I will probably switch jobs and have a 401K in the future. Thus, I would like to keep the backdoor option open, i.e. having nothing in tra...
by tfb
Sat Mar 29, 2014 10:30 am
 
Forum: Investing - Help with Personal Investments
Topic: Excess Contribution Roth IRA 2013 - Backdoor 2014
Replies: 3
Views: 265

Re: "Protecting Your Portfolio From Old Age"

Mike recommends "hiring somebody to manage your portfolio" but how do you know that the person or firm that you are hiring is going to do a good job or not rip you off. Also the person or people that you hire to manage your money have to be under fifty. If they are over fifty, then their ...
by tfb
Fri Mar 28, 2014 10:29 pm
 
Forum: Investing - Theory, News & General
Topic: "Protecting Your Portfolio From Old Age"
Replies: 19
Views: 2161
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