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Re: "Employees Forgo Wellness Cash Incentives Worth Millions

Many employers offer base contributions to health savings accounts and some are even offering matching contributions. My wife's employer contributes $804 for a family plan with an additional $0.33 match for every dollar contributed up to the IRS limits. In 2014 she received more employer contributi...
by tfb
Sat Mar 28, 2015 5:28 pm
 
Forum: Investing - Theory, News & General
Topic: "Employees Forgo Wellness Cash Incentives Worth Millions"
Replies: 14
Views: 758

Re: CRR Boston College: "Why I Dropped My Financial Adviser

$40k over 10 years is "quite small"? That's $4k a year. For what? And, by the way, $4k is 1% of $400,000. With a starting balance of $130k, her future value in 10 years will be $40k less if she gets 4% vs 6%. With a starting balance of $90k, her future value in 20 years will be $90k less ...
by tfb
Fri Mar 27, 2015 11:05 am
 
Forum: Investing - Theory, News & General
Topic: CRR Boston College: "Why I Dropped My Financial Adviser"
Replies: 21
Views: 2455

Re: CRR Boston College: "Why I Dropped My Financial Adviser

ShiftF5 wrote:2% haircut on $1MM = $20,000 Each Year.

Where are the customer's yachts? :annoyed

Her cost savings projection looked quite small: $40k over 10 years, $90k over 20 years. Not sure she was using extra 2% or just extra 1%. Her starting balancing isn't $1 million for sure.
by tfb
Fri Mar 27, 2015 10:21 am
 
Forum: Investing - Theory, News & General
Topic: CRR Boston College: "Why I Dropped My Financial Adviser"
Replies: 21
Views: 2455

Re: Apps for an individual CRM

Jimmy Mac 33 wrote:Basically a CRM system but this is just for me, and am hoping to stay away from a monthly fee service.

Check out Zoho CRM, which is online and on mobile. It's free for just you (and a few more users if desired).

https://www.zoho.com/crm/
by tfb
Fri Mar 27, 2015 10:16 am
 
Forum: Personal Consumer Issues
Topic: Apps for an individual CRM
Replies: 4
Views: 504

Re: Great ESPP not for "ME"?

Right, i've thought of using my savings to cover expenses throughout the 6 month period, but when I sell(assumming i sell in 2015) - this will still increase my AGI by ~5k, Then I will not able to get any of a 1600 itemized deduction or all of the lifetime learning credit, so it makes my tax go up ...
by tfb
Thu Mar 26, 2015 2:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Great ESPP not for "ME"?
Replies: 13
Views: 789

Re: My 30-day trial experience with Betterment

Something interesting I've learned is to not expect a switchback after 30 days. In all of these TLH events the market has recovered by then, and Betterment won't switch back at a gain. So the TLH'ed funds tend to get "stuck" in the secondary ETFs until a bigger downturn occurs. At some po...
by tfb
Mon Mar 23, 2015 5:16 pm
 
Forum: Investing - Theory, News & General
Topic: My 30-day trial experience with Betterment
Replies: 84
Views: 13195

Re: Does your CPA/Tax Person help with reducing your taxes?

As a CPA who does a small amount of tax work, I enjoy reading the comments on this discussion. The reality is that taxes are most likely your biggest expense each month (most people don’t think of taxes in this way as there is a perception that they are not controllable), and you need to be proacti...
by tfb
Mon Mar 23, 2015 4:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Does your CPA/Tax Person help with reducing your taxes?
Replies: 58
Views: 4708

Re: Merrill Edge Question

breadman wrote:I am wondering if this has been the experience here.

Just put 'Merrill Edge' in the search box on the top right.
by tfb
Sat Mar 21, 2015 3:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: Merrill Edge Question
Replies: 21
Views: 1530

Re: 2013 tax year: Morgan Stanley 1099-B questions

Using my 2013 1040 form available from TT - is there a smart way to figure out (sleuthing) if I've managed cost basis correctly in 2013, or not? Print out Schedule D and Form 8949. With the knowledge you have now, figure out the correct basis and see if you had the same on Form 8949. The basis on M...
by tfb
Sat Mar 21, 2015 3:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: 2013 tax year: Morgan Stanley 1099-B questions
Replies: 2
Views: 257

Re: Tax programs default to no insurance coverage

It was the first set of questions asked in H&R Block software. Very hard to miss.
by tfb
Sat Mar 21, 2015 11:15 am
 
Forum: Personal Finance (Not Investing)
Topic: Tax programs default to no insurance coverage
Replies: 1
Views: 204

Re: What Behavior Gap?

Dalbar's calculation method might result in losses being overstated, but there is no question that behavior is the major contributor to lower returns. You don't have to look at returns, just look at fund flows. The problem with fund flows data (at least the aggregate fund flows, not fund flows to a...
by tfb
Sat Mar 21, 2015 11:11 am
 
Forum: Investing - Theory, News & General
Topic: What Behavior Gap?
Replies: 23
Views: 1848

Re: Schwab Intelligent Portfolios [now live]

Nobody else doing these robo-advisor type services (which are priced right around 0.20-0.30%) creates a cash allocation. Schwab is claiming this is free but it is not an apples-to-apples comparison. On a like-to-like basis, Schwab is charging a hidden fee. A point I tried to make in my article was ...
by tfb
Wed Mar 18, 2015 1:10 pm
 
Forum: Investing - Theory, News & General
Topic: Schwab Intelligent Portfolios [now live]
Replies: 266
Views: 19099

Re: Setting up a Small Business 401(k) / Mega Backdoor Roth

If the company provides the 3% safe harbor nonelective contribution, the ACP Test automatically passes, assuming the plan stays within acceptable limits for the matching contribution. I thought the safe harbor doesn't cover after-tax contributions. Anyway, since the OP is using Employee Fiduciary, ...
by tfb
Mon Mar 16, 2015 11:58 am
 
Forum: Personal Finance (Not Investing)
Topic: Setting up a Small Business 401(k) / Mega Backdoor Roth
Replies: 8
Views: 646

Re: Setting up a Small Business 401(k) / Mega Backdoor Roth

Questions: 1) Do any of these conditions disqualify her from Mega Backdoor Roth at my company? a) She is the spouse of the highly compensated Owner b) She is sometimes a HCE at the other company. c) Combined earnings from both companies will push her into HCE range every year. (b) and (c) don't mat...
by tfb
Mon Mar 16, 2015 9:48 am
 
Forum: Personal Finance (Not Investing)
Topic: Setting up a Small Business 401(k) / Mega Backdoor Roth
Replies: 8
Views: 646

Re: RSU Cost Basis (Etrade and Turbo Tax) - Help!!

Also, do you have a similar RSU demo with TT for adjusting cost basis? Yes, it's linked in the first paragraph in the ESPP article. Restricted Stock Units (RSU) and TurboTax: Net Issuance What difference does it make whether you do an adjustment, or just update the cost basis directly? At least on ...
by tfb
Sun Mar 15, 2015 1:20 am
 
Forum: Personal Finance (Not Investing)
Topic: RSU Cost Basis (Etrade and Turbo Tax) - Help!!
Replies: 30
Views: 3011

Re: RSU Cost Basis (Etrade and Turbo Tax) - Help!!

Wannaretireearly wrote:Should I be updating the TT cost basis to include the ordinary income recognized ($1539.56) given that is my 'Total adjusted cost basis'?

Don't change it directly. Add an adjustment. Here's how:

Adjust Cost Basis for ESPP Sale In TurboTax
by tfb
Sat Mar 14, 2015 12:45 am
 
Forum: Personal Finance (Not Investing)
Topic: RSU Cost Basis (Etrade and Turbo Tax) - Help!!
Replies: 30
Views: 3011

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

My CU does not have free ACH push. Do you think the following automation will work fine for each month using Ally and Mango after establishing 5k: Ally pulls $10 from CU (source of funding) Ally pushes $10 to Mango as 'direct deposit' Ally pulls $10+$25-$5 (monthly 5%interest-fees) from Mango 5 day...
by tfb
Wed Mar 11, 2015 12:04 am
 
Forum: Personal Finance (Not Investing)
Topic: Mango prepaid card - 4.8% (effective) APY
Replies: 164
Views: 63646

Re: What's your definition on Working and Retired?

To me you are only "retired" if you meet all three of the following criteria: a) you're not currently working as a salaried employee (or as the sole owner/operator of a small business who may or may not receive a salary) b) you do not intend to work as a salaried employee again (or to sta...
by tfb
Tue Mar 10, 2015 11:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: What's your definition on Working and Retired?
Replies: 24
Views: 1692

Re: Schwab Intelligent Portfolios

engineerartist wrote:Just read this article - which could perhaps be dismissed as "sour grapes" - from a WealthFront member: https://medium.com/@adamnash/broken-val ... d550a27629

Not just a member. The CEO.
by tfb
Tue Mar 10, 2015 1:29 pm
 
Forum: Investing - Theory, News & General
Topic: Schwab Intelligent Portfolios [now live]
Replies: 266
Views: 19099

Re: Slate Article: Dream on Babyboomers-Semiretirement is a

This is just more retirement porn from Helaine Olen who certainly has an axe to grind. ... ... She always quotes Teresa Ghilarducci, too. Anyways, one has to take with a huge grain of salt, if not an entire salt mine, anything that these two conjure up. Some of it is true, but much of it is hyperbo...
by tfb
Tue Mar 10, 2015 1:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Slate Article: Dream on Babyboomers-Semiretirement is a Myth
Replies: 20
Views: 2887

Re: 5500 Filings for Solo/Individual 401(k)s; public informa

There are companies such as "free erisa" (http://freeerisa.benefitspro.com/) which will allow you to do 5500 searches.Their FAQ page says, however "...filed a 5500-EZ (which we do not disclose on FreeERISA.com)." This implies that the firm has access to 5500-EZ information, but ...
by tfb
Tue Mar 10, 2015 11:29 am
 
Forum: Personal Finance (Not Investing)
Topic: 5500 Filings for Solo/Individual 401(k)s; public information
Replies: 10
Views: 477

Re: Schwab Intelligent Portfolios is live

Given that I can get FDIC insured rates more than 10x what they are paying, it seems like an odd choice. Cash/ultra-short bonds are reasonable in the abstract. The specific investment seems to mostly benefit them vs. me. That's the opportunity cost being considered. Therefore the opportunity cost a...
by tfb
Tue Mar 10, 2015 11:12 am
 
Forum: Investing - Theory, News & General
Topic: Schwab Intelligent Portfolios [now live]
Replies: 266
Views: 19099

Re: Schwab Intelligent Portfolios is live

Can someone check my math on the above? Since wealthfront and betterment don't keep any deposits sequestered in cash, doesn't Schwab's scheme result in higher costs by comparison (when considering the opportunity cost by those who would have invested the cash)? Your math is wrong. If Schwab puts th...
by tfb
Tue Mar 10, 2015 10:32 am
 
Forum: Investing - Theory, News & General
Topic: Schwab Intelligent Portfolios [now live]
Replies: 266
Views: 19099

Re: 5500 Filings for Solo/Individual 401(k)s; public informa

Or take this shortcut: https://www.efast.dol.gov/portal/app/disseminate?execution=e4s1 For what it's worth, I filed via the EZ form a few years ago (I THINK? Perhaps I did the SF form from the beginning?), and my 401k did not appear in the search results. Hmm. It says in the first sentence: "T...
by tfb
Mon Mar 09, 2015 8:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: 5500 Filings for Solo/Individual 401(k)s; public information
Replies: 10
Views: 477

Re: 5500 Filings for Solo/Individual 401(k)s; public informa

neurosphere wrote:Note that while information submitted via the EZ form is publicly searchable on the internet, a 5500-SF from for a one-participant plan is NOT.

Where do you search for the EZ forms? I thought they are both not searchable on the Internet.
by tfb
Mon Mar 09, 2015 7:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: 5500 Filings for Solo/Individual 401(k)s; public information
Replies: 10
Views: 477

Re: "Bogleheads," representativeness, the 0.1%, and thanks

At the other extreme: our own version of the 0.1%: 44 members (0.1%) are responsible for 21% of the 2.367 million posts at the site. That's interesting; what's amazing to me is that those members' posts are not only numerous, but reliably thoughtful and informative. I'm sure we've all been in group...
by tfb
Mon Mar 09, 2015 1:27 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: "Bogleheads," representativeness, the 0.1%, and thanks
Replies: 12
Views: 1618

Re: Schwab Intelligent Portfolios is live

harikaried wrote:In particular, the TLH whitepaper reveals the primary and secondary ETFs in the appendix:
https://intelligent.schwab.com/public/i ... ncing.html

Thank you for digging up the list. I didn't find the actual ETFs when I looked for them yesterday.
by tfb
Mon Mar 09, 2015 1:10 pm
 
Forum: Investing - Theory, News & General
Topic: Schwab Intelligent Portfolios [now live]
Replies: 266
Views: 19099

Re: MangoMoney account: 6% APY for Emergency Funds

It's a savings account you can't easily access, though. You can't easily transfer out the money back to your bank. This is not correct. Rather than rehashing in a duplicate thread everyone should just read and post in the original thread and keep the info in one place. Mango prepaid card - 4.8% (ef...
by tfb
Mon Mar 09, 2015 1:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Mango prepaid card - 4.8% (effective) APY
Replies: 164
Views: 63646

Re: Mingling Pre/post tax contributions for Solo 401k

Are we allowed to mingle both Roth and pretax contributions in a single account as long as we keep track of the basis year after year? Read carefully what Alan wrote. You are allowed to mingle both Roth and pretax contributions in a single *plan* but you need to account for them separately. Just tr...
by tfb
Sun Mar 08, 2015 1:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Mingling Pre/post tax contributions for Solo 401k
Replies: 3
Views: 205

Re: Vanguard PAS vs. Portfolio Solutions?

Can you help me with "flat fee advisors"? Who are they? No personal experience to assess service scope, quality, or fit. Just purely based on published fee schedule, not necessarily current. * FPL Capital Management $1,000-5,000 a year * Cardiff Park Advisors $2,000-$6,000 a year * Evanso...
by tfb
Sat Mar 07, 2015 3:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard PAS vs. Portfolio Solutions?
Replies: 11
Views: 1070

Re: Vanguard PAS vs. Portfolio Solutions?

Portfolio Solutions charges a bit more (.37% on the first $3 million under management, versus .30% for Vanguard PAS), but the break above $3 million (fees drop to .20%) means that at $5 million (roughly the size of our portfolio) fees are identical. At $5m also consider one of the flat-fee advisors...
by tfb
Sat Mar 07, 2015 1:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard PAS vs. Portfolio Solutions?
Replies: 11
Views: 1070

Re: Why are bonds a bad investment for a taxable account?

I was thinking vanguard lifestrategy moderate growth or growth but these include the bond index. I have about $10000 to invest. Should I do tax free bond fund? 15% fed bracket Do the math. From your $10k in lifestrategy moderate growth, $4k will be in bond funds, with a blended yield at around 1.7%...
by tfb
Sat Mar 07, 2015 1:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: Why are bonds a bad investment for a taxable account?
Replies: 22
Views: 2053

Re: Managed bond funds?

Clearly the evidence is strong that managed stock funds are not likely to outperform index funds over the long term, but is there similar evidence for managed bond funds (even those with cheap expenses)? From my personal experience, no. Vanguard has many actively managed bond funds, whose expense r...
by tfb
Sat Mar 07, 2015 12:48 pm
 
Forum: Investing - Theory, News & General
Topic: Managed bond funds?
Replies: 23
Views: 1651

Re: Mr. Money Mustache: Hero or Foolish?

To equate claims of 12% return with claims that 4% SWR has a good chance of working out well for the rest of your life is what is fantasy. 40, 50, 60 years only matters if you are lucky enough to live that long. You didn't know MMM retired at age 30? He's inspiring others to do the same. Living 40,...
by tfb
Sat Mar 07, 2015 12:33 pm
 
Forum: Investing - Theory, News & General
Topic: Mr. Money Mustache: Hero or Foolish?
Replies: 452
Views: 70956

Re: Mr. Money Mustache: Hero or Foolish?

Part of the point of MMM is that being in a defensive crouch is the wrong way to go about investing If you assume lower returns, you get a lower SWR. Not exactly rocket science. We are getting into Dave Ramsey territory here. People want fantasy. Dave and MMM deliver. Dave Ramsey: 12% return from g...
by tfb
Thu Mar 05, 2015 1:56 pm
 
Forum: Investing - Theory, News & General
Topic: Mr. Money Mustache: Hero or Foolish?
Replies: 452
Views: 70956

Re: Costco/AmEx relationship ending. New Costco MasterCard?

mikep wrote:Looks like the best options today are Fidelity Visa, capital one venture and capital one quicksilver, none of which pay 2% from the first dollar without an annual fee.

B of A Travel Reward card with 75% Preferred Rewards bonus pays 2.625% from the first dollar without an annual fee.
by tfb
Wed Mar 04, 2015 3:34 am
 
Forum: Personal Finance (Not Investing)
Topic: Costco/AmEx relationship ending. New Costco MasterCard?
Replies: 85
Views: 36790

Re: Wondering how to convert to Admiral Shares?

555 wrote:So if I have $5k in a Spartan Investor Class, and I buy another $7k of that fund, then it will automatically be converted to Advantage Class?

Yes.

555 wrote:What if it is inside a (Bancorp)HSA, or some place other than literally at Fidelity itself?

Don't know. Try it.
by tfb
Wed Mar 04, 2015 3:31 am
 
Forum: Investing - Theory, News & General
Topic: Wondering how to convert to Admiral Shares?
Replies: 13
Views: 1549

Re: Mr. Money Mustache: Hero or Foolish?

Read closer if you guys think he is saying anything about a 4% SWR lasting a lifetime and all that. Maybe review again what the master said: This brings me to a critical point: this study defines “success” as not going broke during a 30-year test period. To people like you and me who will enjoy 60-...
by tfb
Wed Mar 04, 2015 3:24 am
 
Forum: Investing - Theory, News & General
Topic: Mr. Money Mustache: Hero or Foolish?
Replies: 452
Views: 70956

Re: Wondering how to convert to Admiral Shares?

555 wrote:I wonder if Fidelity has a similar feature to convert their Spartan Investor Class to Spartan Advantage Class.

Yes it does. It's automatic.
by tfb
Wed Mar 04, 2015 3:01 am
 
Forum: Investing - Theory, News & General
Topic: Wondering how to convert to Admiral Shares?
Replies: 13
Views: 1549

Re: Bank of America/Merrill Edge - Preferred Rewards

G-Force wrote:The $1000 offer is available again. This one is good until March 31, but they keep getting renewed.

http://www.merrilledge.com/offers/1000offer

My bonus from last August paid out without hassle. It just showed up.
by tfb
Tue Mar 03, 2015 10:40 am
 
Forum: Personal Finance (Not Investing)
Topic: Bank of America/Merrill Edge - Preferred Rewards
Replies: 57
Views: 5216

Re: Mr. Money Mustache: Hero or Foolish?

If you believe that a 4% SWR can sustain you for longer than a 30 year period (which MMM has claimed in blog posts), a $625k nest egg would be fine for $25k/year expenses. Why should I believe it? Just because someone said so? It's one of the fibs. 4% SWR holds up quite well, if you include investm...
by tfb
Tue Mar 03, 2015 10:36 am
 
Forum: Investing - Theory, News & General
Topic: Mr. Money Mustache: Hero or Foolish?
Replies: 452
Views: 70956

Re: Fidelity Premium

right, and when I called that's what they said. But now my retirement account says: Are you making the most of Premium Services? Find out by talking to one of our Guidance Consultants at 800-823-0172. and: FIDELITY PREMIUM SERVICESSM Your portfolio deserves extra attention. Our one-on-one guidance ...
by tfb
Fri Feb 27, 2015 2:49 am
 
Forum: Personal Finance (Not Investing)
Topic: Fidelity Premium
Replies: 18
Views: 1779

Re: Fidelity 1099

Lucy1721 wrote:Did anyone receive their Fidelity Consolidated 1099?

Yes, several weeks ago. It depends on what you have in your account.
by tfb
Thu Feb 26, 2015 7:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Fidelity 1099
Replies: 7
Views: 597

Re: Fidelity Premium

I need to know if anyone can explain whether I am, or am not, eligible for Fido Premium if I have < $250k in my brokerage account, but > $250k in my retirement accounts. Go to https://www.fidelity.com/wealth-management/premium-services. Read footnote 1. IRAs count. Employer plan assets don't. 1. Fi...
by tfb
Thu Feb 26, 2015 7:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Fidelity Premium
Replies: 18
Views: 1779

Re: RSU sale, cost basis reporting

Maybe I'm confusing terms, but above it seems you are saying (for the example I gave in the initial post) that $1650 is the cost basis. That is the number in my W2 when the RSU vests (which I assume is what you mean by released). But that's not the cost basis to use for form 8949, right? So are the...
by tfb
Tue Feb 24, 2015 12:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: RSU sale, cost basis reporting
Replies: 15
Views: 400

Re: RSU sale, cost basis reporting

Using my same numerical example from above but with a 2015 purchase and sale date, under the new rules, what would be different (and apparently incorrect) in the reporting on the 1099? This is what I'm not understanding. The cost basis is reported as blank. If you just take the 1099-B as-is you wil...
by tfb
Tue Feb 24, 2015 12:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: RSU sale, cost basis reporting
Replies: 15
Views: 400

Re: green dot card scam?

It doesn't require SSN. I think they wait for you to add some money to it and then they zap the money out. Call the 800 number to see if there's any money on it. If empty, just throw it away.
by tfb
Mon Feb 23, 2015 8:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: green dot card scam?
Replies: 3
Views: 483

Re: Rule change causes double taxation for ESPP/ESOP/RSU

chessmannextmove wrote:HRBlock software is clunky for this.

It was very easy to do in my H&R Block desktop version. It asked whether the basis is correct, and if not, what is the correct basis. I entered the correct basis. It entered an adjustment with code B on Form 8949. That was it.
by tfb
Mon Feb 23, 2015 8:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: Rule change causes double taxation for ESPP/ESOP/RSU
Replies: 15
Views: 1686

Re: Changing Banks is a Royal PITA

FreddieG wrote:Is it just me, or is changing banks, or even checking accounts within the same bank, a royal pain?

It helps if you have a list of parties you are paying or auto-withdrawing from your account. After you go through the list, the switch is done.
by tfb
Thu Feb 19, 2015 11:04 pm
 
Forum: Personal Consumer Issues
Topic: Changing Banks is a Royal PITA
Replies: 11
Views: 1420

Re: Dave Ramsey Lashes Out at His Financial Critics

The question shouldn't be "is the world a better place with Dave Ramsey on the scene" as argued back and forth in many posts above. That's certainly debatable, but it's not really the point. I agree. If Dave decides to exit the get-out-of-debt education market, someone else will see it's ...
by tfb
Thu Feb 19, 2015 2:04 pm
 
Forum: Investing - Theory, News & General
Topic: Dave Ramsey Lashes Out at His Financial Critics
Replies: 89
Views: 9950
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