Search found 7028 matches

by tfb
Fri Sep 04, 2015 11:56 am
Forum: Investing - Help with Personal Investments
Topic: My Mega Backdoor ROTH Plan
Replies: 11
Views: 531

Re: My Mega Backdoor ROTH Plan

soccerdad12 wrote:After reading this forum about the Mega Backdoor Roth, I had my company 401k changed to allow after-tax contributions and withdraws.

How? I'm sure many others want to do the same. Are you the owner or CEO?
by tfb
Wed Sep 02, 2015 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: HCE with Dependent Care Reimbursement Account and New Job
Replies: 9
Views: 422

Re: HCE with Dependent Care Reimbursement Account and New Job

I get the impression from reading Pub 15b that HCE status for fringe benefits like DCA,etc are set by the IRS. Whether you are an HCE at employer X depends on your compensation from employer X. It has nothing to do with your compensation from a previous employer. If you joined a new employer in Jul...
by tfb
Wed Sep 02, 2015 10:04 am
Forum: Personal Finance (Not Investing)
Topic: Moving HSA funds from one custodian to another
Replies: 7
Views: 493

Re: Moving HSA funds from one custodian to another

This is what the OP is seeking to avoid and at the same time not using up the valuable once in 12 month rollover. I don't see the latter requirement from the OP. Using it up isn't a big deal. It may very well be a one-time event. Just note the dates and do the next rollover (if needed) after the wi...
by tfb
Wed Sep 02, 2015 9:59 am
Forum: Personal Finance (Not Investing)
Topic: HCE with Dependent Care Reimbursement Account and New Job
Replies: 9
Views: 422

Re: HCE with Dependent Care Reimbursement Account and New Job

My wife began a new job in July. While employed with her previous employer, she had contributed about $2,100 into a dependent care reimbursement account. The annual limit per IRS is $5,000, but she had received a notice from old employer earlier in the year that she would be limited to approximatel...
by tfb
Tue Sep 01, 2015 10:21 pm
Forum: Personal Finance (Not Investing)
Topic: A few questions on HSA
Replies: 7
Views: 498

Re: A few questions on HSA

Hi I have a few questions on HSA. I enrolled into a high deductible medical insurance plan for my whole family earlier this year and then contributed the full amount of $6650 to a HSA account under my name. Recently I switched the family medical insurance to under my wife's name, which is no longer...
by tfb
Sat Aug 29, 2015 12:27 pm
Forum: Investing - Theory, News & General
Topic: Reblancing
Replies: 17
Views: 1113

Re: Reblancing

How many folks don't rebalance, but add more to the underfunded asset until it is back to your desired AA. What are the pros and cons of rebalancing this way, if there is any. We won't know how many. Polls are disabled now. Using new cash is accelerated rebalancing if one's rebalancing band or time...
by tfb
Sat Aug 29, 2015 12:13 pm
Forum: Investing - Help with Personal Investments
Topic: Is Vanguard's i401k contribution calculator incorrect?
Replies: 5
Views: 348

Re: Is Vanguard's i401k contribution calculator incorrect?

Did I do my research correctly and is the Tax Act employer portion contribution amount correct while the Vanguard calculator is incorrect? Generic calculators don't deal with part-time side business very well. Try my calculator: https://docs.zoho.com/sheet/published.do?rid=hd3vb2c79aa2e630443d58a05...
by tfb
Fri Aug 21, 2015 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: HSA and FSA Question
Replies: 8
Views: 392

Re: HSA and FSA Question

The assumption is rebuttable if you can show that: (1) you are not covered by her PPO, and (2) the money in her FSA account has not been used to pay for any of your medical expenses. That's not enough. If the FSA money can be used to pay your medical expenses, whether you actually use it or not, it...
by tfb
Fri Aug 21, 2015 2:41 pm
Forum: Personal Finance (Not Investing)
Topic: HSA and FSA Question
Replies: 8
Views: 392

Re: HSA and FSA Question

Thank you for your response. I understand the other coverage aspect. To be more specific, what if her FSA does not say that it is for her own expenses only? My understanding is that if her FSA doesn't say it is for her use only, the IRS will assume her FSA can be used to pay for my expenses which i...
by tfb
Thu Aug 20, 2015 7:34 pm
Forum: Investing - Theory, News & General
Topic: VWO seems cheap right now
Replies: 173
Views: 25276

Re: VWO seems cheap right now

sperry8 wrote:I still say $37 is the magic number... with China nosediving it may touch that all too soon.

I'm surprised this thread didn't get bumped up. A hair under $35 now.
by tfb
Fri Aug 14, 2015 10:34 am
Forum: Investing - Theory, News & General
Topic: Backdoor Roth: How Long To Wait For Conversion?
Replies: 14
Views: 1518

Re: Backdoor Roth: How Long To Wait For Conversion?

Do you wait months or even until the next calendar year? If you work with an adviser (I know, pretty rare around here), what do they recommend? I wait months but within the same calendar year. The money is invested from day one, not left in a money market fund. Michael Kitces, an advisor, recommend...
by tfb
Wed Aug 12, 2015 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: Am I crazy? Quitting my job.
Replies: 96
Views: 13992

Re: Am I crazy? Quitting my job.

I will be honest it is mostly my job- I am payed to occupy a seat at a desk from 7-4 and play secretary. This may be a first in history (someone complaining about making such a good amount of money for literally sitting on their a**) but for some reason it really destroys me inside. I feel like I a...
by tfb
Mon Aug 10, 2015 5:12 am
Forum: Investing - Theory, News & General
Topic: Nick Murray - Bloomberg Radio
Replies: 4
Views: 615

Re: Nick Murray - Bloomberg Radio

A very good podcast describing the value of an investment adviser, preventing clients from making dumb buy/sell decisions. Packer Nick Murray is more about holding 100% stocks and using an advisor as emotional support. See previous thread: https://www.bogleheads.org/forum/viewtopic.php?p=2079452#p2...
by tfb
Mon Aug 10, 2015 4:39 am
Forum: Personal Finance (Not Investing)
Topic: Am I crazy? Quitting my job.
Replies: 96
Views: 13992

Re: Am I crazy? Quitting my job.

Has anyone ever done anything like this? Would it be stupid to give up such a high paying job and the promise of early retirement to go into such uncertainty? The truth is we are just not happy with life out here and both the wife and I are falling into a state of depression very quickly which is n...
by tfb
Fri Aug 07, 2015 9:30 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Admiral Shares
Replies: 13
Views: 2038

Re: Vanguard Admiral Shares

I wanted to buy the Vanguard Intermediate-Term Tax-Exempt Fund. From Wells Fargo, I put in an order for $25,000 for this: Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares (VWIUX) However, the vanguard webpage says "Minimum investment $50,000". The order went through, I got a trad...
by tfb
Fri Aug 07, 2015 9:26 am
Forum: Investing - Help with Personal Investments
Topic: 401K Administrator (Schwab) refuses to transfer over historical data
Replies: 3
Views: 491

Re: 401K Administrator (Schwab) refuses to transfer over historical data

The shares were 'transferred' into my Paypal account on July 29th at the price of 56.68. My personal performance is now based off of a random date (July 30th it seems) I do not know why they selected that date than the original cost basis of my shares or say the conversion date's price (which is wr...
by tfb
Mon Aug 03, 2015 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: Genworth Insurance Ratings
Replies: 11
Views: 671

Re: Genworth Insurance Ratings

rightdecisions wrote:This would be for a 20 year term insurance for $1million.

What are the ratings for? Does it mean the likely hood they will pay out?

Those aren't very good ratings. Is their premium that much lower than the premium from another company with better ratings?
by tfb
Sat Jul 25, 2015 6:27 pm
Forum: Investing - Help with Personal Investments
Topic: Best use of Merrill Edge to maintain BoA platinum honors status and great credit card reward bonuses
Replies: 5
Views: 591

Re: Best use of Merrill Edge to maintain BoA platinum honors status and great credit card reward bonuses

Convert $60k of my current Vanguard Roth IRA in VTSAX to VTI and transfer it to Merrill Edge. Invest some percentage of my BoA checking $ in CDs, short term bonds, I bonds, or other. Just keep $100k worth of ETFs in Merrill Edge. Then you can use a better checking account for your $40k. Ally for ex...
by tfb
Sat Jul 25, 2015 6:13 pm
Forum: Personal Finance (Not Investing)
Topic: Rewards Checking-An Easy Way to Earn Extra Money
Replies: 22
Views: 2806

Re: Rewards Checking-An Easy Way to Earn Extra Money

pdriese wrote:I haven't seen this topic brought up much here on Bogleheads save for a forum topic once or twice a year.

Searching for "rewards checking" in quotes returns 4,320 results.

https://www.google.com/search?sitesearc ... hecking%22
by tfb
Fri Jul 24, 2015 10:45 pm
Forum: Personal Finance (Not Investing)
Topic: E-Statement Alert Gone for Chase Credit Card
Replies: 46
Views: 2595

Re: E-Statement Alert Gone for Chase Credit Card

Not tfb, but I have a "manage alerts" option which does not show an option for statement notification. I'm not sure there ever was an option for an alert for that--it was just automatic. Same here. Paperless statement and alerts are two separate things. Paperless statement was never part ...
by tfb
Fri Jul 24, 2015 3:57 pm
Forum: Investing - Help with Personal Investments
Topic: Can I link Vanguard company 401k with my Vanguard personal investor accounts?
Replies: 7
Views: 663

Re: Can I link Vanguard company 401k with my Vanguard personal investor accounts?

I don't think my.vanguardplan.com is the same as a full fledged vanguard account. DW just started a new job and their 401k provider is Ascensus. However, the login for the Ascensus 401k is my.vanguardplan.com. Ascensus might just be a reseller for vanguard 401ks. The other way around. Vanguard is a...
by tfb
Fri Jul 24, 2015 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: E-Statement Alert Gone for Chase Credit Card
Replies: 46
Views: 2595

Re: E-Statement Alert Gone for Chase Credit Card

tfb, Then, they may not implement the new alert system on you yet. In my case, I login into my online A/C and can no longer find any option for enabling statement alert at all. KlangFool It's not an alert you choose to enable or disable. When you enroll in e-statement, you get the email. That's wha...
by tfb
Fri Jul 24, 2015 3:29 pm
Forum: Personal Finance (Not Investing)
Topic: E-Statement Alert Gone for Chase Credit Card
Replies: 46
Views: 2595

Re: E-Statement Alert Gone for Chase Credit Card

Basically, they eliminated e-statement email alert in June and did not tell anyone about that. Chase waived my late fee and interest charges after the call. In summary, if you have chase credit card and you expect e-statement email alert, it is gone. Not true. I received the e-statement email alert...
by tfb
Thu Jul 23, 2015 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: Mega Back door Roth Help - Fidelity
Replies: 8
Views: 1174

Re: Mega Back door Roth Help - Fidelity

CuppedUp wrote:Is there a magic phrase that I need to mention to get this process to happen correctly?

Yes. Keep it simple. "I'd like to request a direct rollover of my after-tax contributions plus earnings to my Roth IRA account xxxxxxxx." It isn't worth the complication for $100 earnings.
by tfb
Wed Jul 22, 2015 10:35 pm
Forum: Investing - Theory, News & General
Topic: "The Value of Financial Advice" by Wade Pfau
Replies: 13
Views: 2229

Re: "The Value of Financial Advice" by Wade Pfau

The final problem is most investors who need a good advisor do not recognize the need, and could not make a good choice even if they realized they needed help. Paul Paul makes a good point. It may be that the ability to find a good advisor exceeds that to be a good investor. The individual investor...
by tfb
Wed Jul 22, 2015 9:55 pm
Forum: Personal Finance (Not Investing)
Topic: Bogle backfire?
Replies: 66
Views: 7893

Re: Bogle backfire?

It's the same as deathbed regrets wishing not having spent as much time in the office working.
by tfb
Wed Jul 22, 2015 5:39 pm
Forum: Personal Consumer Issues
Topic: How to pay taxes on blog income?
Replies: 53
Views: 3837

Re: How to pay taxes on blog income?

In essence, I am dealing with three different projects: 1. Writing on my topic of interest 2. Learning about blogging 3. Learning about record keeping and tax filing for a sole proprietor Project #1 is of the primary interest to me. Project #2 is very interesting, but it's taking my time away from ...
by tfb
Mon Jul 20, 2015 8:58 pm
Forum: Investing - Help with Personal Investments
Topic: Advice on moving holdings to Vanguard Personal Advisor Services
Replies: 9
Views: 960

Re: Advice on moving holdings to Vanguard Personal Advisor Services

My situation is that I'm in my mid-twenties with about $150k in a Schwab account. I've talked on the phone to someone from Vanguard about their personal advisor services, read up on what people have to say here, and I feel confident about moving forward with them. Before I call them back and they b...
by tfb
Mon Jul 20, 2015 7:03 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard's new Personal Advisor Services
Replies: 56
Views: 9320

Re: Vanguard's new Personal Advisor Services

In fact, in an earlier financial plan they did for me, it appeared they really don't want to take outside assets into account and I assume they will run the PAS the same way. Under the previous service process, after the written plan there's a consultation. If the plan doesn't look right you can po...
by tfb
Mon Jul 20, 2015 3:28 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard's new Personal Advisor Services
Replies: 56
Views: 9320

Re: Vanguard's new Personal Advisor Services

Exactly my sentiments and I was really excited about this service when I heard about it for that specific reason. But, when I peeked under the hood and found out that they would only manage what you have at Vanguard it became decidedly less attractive. Most of our assets are with VG but we have a s...
by tfb
Mon Jul 20, 2015 3:15 pm
Forum: Investing - Theory, News & General
Topic: CD: value of early withdrawal option
Replies: 9
Views: 996

Re: CD: value of early withdrawal option

The reason I posted the question is because I simply do not know what the value really is of the option of early withdrawal. Several years ago I recall reading a blog post that the bump rate CDs were not worth the extra cost, do not remember the source (kind of like extended warranties) and I was s...
by tfb
Fri Jul 17, 2015 9:25 pm
Forum: Personal Finance (Not Investing)
Topic: Elective deferral limit question
Replies: 23
Views: 1240

Re: Elective deferral limit question

Is the MAX deferral limit for the 401k = $53000 ($18,000 (pre-tax & ROTH contributions) + $35,000 (after tax)) Which would make a GRAND TOTAL = $53,000 (401k) + $18,000 (457) + $5,500 (ROTH ira) = A whopping $76,500..... After-tax isn't deferral. Don't forget to subtract employer contribution f...
by tfb
Fri Jul 17, 2015 9:19 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Retirement Investment Program
Replies: 2
Views: 971

Re: Vanguard Retirement Investment Program

I'm starting a retirement plan that will be administered by a pension consultant and I'm trying to decide where to house/manage the brokerage account. If the plan is for just yourself, or if it's a defined benefit plan, you just pick as if you are picking a company for a taxable account. If the pla...
by tfb
Thu Jul 16, 2015 11:34 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard's new Personal Advisor Services
Replies: 56
Views: 9320

Re: Vanguard's new Personal Advisor Services

It seemed to me that as Bogleheads we urge others to pay a flat fee for investment advise and not get hooked in to an "x basis points of assets managed" as this simply a way to increase costs and to lower long term investment returns. Vanguard responded both times indicating they did not ...
by tfb
Tue Jul 14, 2015 10:41 pm
Forum: Investing - Theory, News & General
Topic: Whatever happened to the advocates of CDs vs Bonds?
Replies: 58
Views: 5761

Re: Whatever happened to the advocates of CDs vs Bonds?

Actually, I read your blog post recently and that was the seed that got me thinking about the topic. I did a quick A * B * C sequence of returns calculation for bond bond funds and CDs and they turned out to be *about* the same. I think CDs did actually eek out an advantage although it was pretty s...
by tfb
Tue Jul 14, 2015 10:30 pm
Forum: Personal Consumer Issues
Topic: Need 'secure' flash drive(s)
Replies: 15
Views: 1233

Re: Need 'secure' flash drive(s)

Consumer grade: Kingston Digital 8GB Data Traveler Locker + G3 , 8GB for $12 Govt. standard certified: Apricorn Aegis Secure Key FIPS Validated 4 GB USB 2.0 256-bit AES-CBC Encrypted Flash Drive , 4GB for $62 Both have built-in encryption and work out of the box. They don't require anything special ...
by tfb
Mon Jul 13, 2015 10:28 pm
Forum: Investing - Theory, News & General
Topic: Whatever happened to the advocates of CDs vs Bonds?
Replies: 58
Views: 5761

Re: Whatever happened to the advocates of CDs vs Bonds?

When "everyone" knew interest rates were going to rise, there was a lot of talk about CDs being better than bonds/bond funds. Some people moved to CDs and some totally lazy people like me thought about it, but did not. How do you feel your decision went? Anyone thinking of moving into CDs...
by tfb
Fri Jul 10, 2015 6:36 pm
Forum: Investing - Help with Personal Investments
Topic: 5 year CD @ 2.4% - a good deal?
Replies: 32
Views: 4707

Re: 5 year CD @ 2.4% - a good deal?

Not a good deal because it's a brokered CD with minimal better yield than a direct CD of the same term.
by tfb
Fri Jul 10, 2015 6:34 pm
Forum: Investing - Help with Personal Investments
Topic: Choosing to go with a Robo-Advisor and If so, which one?
Replies: 58
Views: 4475

Re: Choosing to go with a Robo-Advisor and If so, which one?

What do you think you will get that you can not get with a 3 fund portfolio (or other) and posting here for advice, plus Vanguard as back up for your questions? People here don't offer advice. They only offer opinions. You get different opinions from different people, often completely opposite from...
by tfb
Fri Jul 10, 2015 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: IRS: No more lump sum in lieu of defined benefit annuity?
Replies: 28
Views: 2985

Re: IRS: No more lump sum in lieu of defined benefit annuity?

From "Investment News": "...Defined benefit plan sponsors can no longer replace annuity payments with lump-sum distributions to retirees and their beneficiaries, the IRS said Thursday. With the amendments applying as of July 9..." Is this actually in force NOW? (It doesn't apply...
by tfb
Thu Jul 09, 2015 10:16 pm
Forum: Investing - Help with Personal Investments
Topic: Choosing to go with a Robo-Advisor and If so, which one?
Replies: 58
Views: 4475

Re: Choosing to go with a Robo-Advisor and If so, which one?

I think I would wait until Consumer Reports does a complete analysis. Or perhaps The Finance Buff will open accounts at all of them and write up his experiences. In the meantime, a LifeStrategy or TargetRetirement fund would be hard to do better than. Consumer Reports is actually not that great on ...
by tfb
Thu Jul 09, 2015 10:02 pm
Forum: Investing - Help with Personal Investments
Topic: Single K (Solo 401k) Question
Replies: 16
Views: 805

Re: Single K (Solo 401k) Question

terran wrote:Fidelity allows incoming rollovers and has very similar options to vanguard.

Neither offers the loan feature the OP was looking for.

gemdy wrote: I'd like to set up a Single K now and rollover my current SEP $. I need to borrow against it as I have a lot in there.
by tfb
Thu Jul 09, 2015 9:59 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage - 30 year or 15 year?
Replies: 56
Views: 5155

Re: Mortgage - 30 year or 15 year?

The payment flexibility insurance will cost you $2,100 a year. I wouldn't pay $2,100/year for a just-in-case. If you run into a cash crunch you find other ways to deal with it. If a physician earning $500k can't afford a 15-year loan nobody can.
by tfb
Thu Jul 09, 2015 9:44 pm
Forum: Personal Finance (Not Investing)
Topic: First Job Ever - Benefits Election
Replies: 11
Views: 1139

Re: First Job Ever - Benefits Election

Whats your thought on high deductible vs middle deductible plans? It depends on the difference in premium and deductible and out of pocket maximum. You only said the premium is 2x in the middle deductible plan for 1/2 the deductible. It matters whether it's $25/pay vs $50/pay or $250/pay vs $500/pa...
by tfb
Tue Jul 07, 2015 11:34 pm
Forum: Personal Finance (Not Investing)
Topic: pension vs 401a
Replies: 3
Views: 380

Re: pension vs 401a

Pension no question. Pension benefits are backloaded (cost more per year the older you are) whereas a 401a plan is more front-loaded (more years to grow the younger you are). With only 20 years to go, the pension is worth a lot more than the match and its growth. Plus you have a higher salary. You c...
by tfb
Tue Jul 07, 2015 10:06 pm
Forum: Personal Consumer Issues
Topic: Credit card automatically saves a receipt online
Replies: 16
Views: 1319

Re: Credit card automatically saves a receipt online

JDot wrote:I have heard that American Express does this on business accounts.

Even there you are taking the picture of the receipts yourself. If you are willing to do that, maybe look for free expense report type of apps. You are basically filing an expense report against your wife.
by tfb
Tue Jul 07, 2015 9:56 pm
Forum: Personal Finance (Not Investing)
Topic: First Job Ever - Benefits Election
Replies: 11
Views: 1139

Re: First Job Ever - Benefits Election

preciseman wrote:So I wanted to run my benefits elections by the community to see if I selected the best optimal options.

My 4-part series on open enrollment benefits elections: http://thefinancebuff.com/tag/open-enrollment

Hope it's helpful.
by tfb
Tue Jul 07, 2015 8:05 pm
Forum: Forum Issues and Administration
Topic: bogleheads.org and www.bogleheads.org
Replies: 1
Views: 1276

bogleheads.org and www.bogleheads.org

bogleheads.org/* used to redirect to www.bogleheads.org/* before fixing the recent latency issues. Now it doesn't. In case someone is wondering why they can't access, type www dot! Of course if they can't access, they won't see this either.
by tfb
Sat Jul 04, 2015 4:46 pm
Forum: Investing - Theory, News & General
Topic: Emergdoc on Mr. Money Mustache
Replies: 186
Views: 22245

Re: Emergdoc on Mr. Money Mustache

I laugh a little considering this conversation, as I am not an extreme MMMer by any stretch, and it's a little weird defending his philosophy without personally having much invested in it. This is because MMM is a master in creating and using labels. He said himself he encourages "us versus th...
by tfb
Fri Jul 03, 2015 10:45 pm
Forum: Investing - Theory, News & General
Topic: Emergdoc on Mr. Money Mustache
Replies: 186
Views: 22245

Re: Emergdoc on Mr. Money Mustache

"Acolytes." "Religion." "Cult." Yet MMM is supposedly the one disbursing the hyperbole? He must have hit it pretty close to the mark to get some of you guys so riled up like this. MMM is the one that markets himself as a cult.:) He posted that it was in fun and I seem ...

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