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Re: Is Roth 401k better even if future tax bracket is lower?

Are you the gentleman who wrote that blog and the spreadsheet. If so thanks a lot for the work. Could you post the spreadsheet in googkedocs so I can play around? Also it would be very useful to add the following 1) add in an option to choose the % of income from sources other than RMD 2) calculate...
by tfb
Fri Oct 17, 2014 7:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is Roth 401k better even if future tax bracket is lower?
Replies: 10
Views: 1230

Re: Is Roth 401k better even if future tax bracket is lower?

But note the "slightly". The linked Finance Buff article assumed that the Bush tax cuts would be allowed to expire, and thus that the tax rate on qualified dividends in a taxable account would rise to 35%; it is actually 18.8% (including the ACA surcharge) if you are in the 35% tax bracke...
by tfb
Fri Oct 17, 2014 2:12 am
 
Forum: Investing - Help with Personal Investments
Topic: Is Roth 401k better even if future tax bracket is lower?
Replies: 10
Views: 1230

Re: Fidelity Investments Hacked

WSJ article title: "J.P. Morgan Hackers Also Stole Fidelity Data, Investigators Think" http://online.wsj.com/articles/state-attorneys-general-weigh-group-to-examine-jpm-cyberattack-1412879567 This one from Reuters/FT said the hackers weren't successful at attacking Fidelity. Fidelity atta...
by tfb
Mon Oct 13, 2014 2:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: Fidelity Investments Hacked
Replies: 21
Views: 2479

Re: How Close AMEX SPG without hurting credit score

Credit Karma wrote:This could cause your credit history to appear shorter and could harm your credit score.

10 years in the future, not now.
by tfb
Sun Oct 12, 2014 10:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: How Close AMEX SPG without hurting credit score
Replies: 11
Views: 1042

Re: Is semi-retirement a bad idea?

I'm asking why don't more people plan on working part time and semi-retiring earlier, so they don't have to wait until that lump some grows so large that it can support their income at 4%? Why is it either black or white, retire or not-retired? Why doesn't the area in between appeal to more people?...
by tfb
Sun Oct 12, 2014 2:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is semi-retirement a bad idea?
Replies: 106
Views: 7069

Re: Market at a glance: 52-week and today

So international and US small-cap stocks are in official "correction" territory relative to 52-week highs (again, without considering any distributions), but still at or above their 52-week highs (although some just barely). Great visual! You mean 52-week lows. At 52-week low is as good a...
by tfb
Sat Oct 11, 2014 12:01 am
 
Forum: Investing - Theory, News & General
Topic: Market at a glance: 52-week and today
Replies: 16
Views: 2752

Re: Paying off a 6.5% mortgage

I also don't see the problem with refinancing to a lower rate even if you have to bring cash to the closing. After all, you have to bring even more cash to pay off the mortgage! Exactly. Paying it off is not a 6.5% guaranteed return. It's a guaranteed return at the post-refinance rate. 3.25% for 15...
by tfb
Tue Oct 07, 2014 11:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Paying off a 6.5% mortgage
Replies: 46
Views: 3511

Re: Spiking HSA Contribution limits

Unless I can figure out how to contribute it in a massive amount at the start of the year, I'll be paying it with after tax dollars. Many recommend you just pay with after tax dollars and let he HSA grow. You really don't have to figure out how to contribute it in a massive amount at the start of t...
by tfb
Tue Oct 07, 2014 11:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Spiking HSA Contribution limits
Replies: 10
Views: 1020

Re: New B of A visa chip card, no pin needed?

Naismith wrote:Many credit card companies will provide a pin if you ask.

+1. If you want a PIN, call customer service and ask for a form. Fill it out and mail it back. It still may or may not work on an unattended kiosk such as gas pump or train station but at least you have a chance.
by tfb
Tue Oct 07, 2014 10:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: New B of A visa chip card, no pin needed?
Replies: 30
Views: 2264

Re: Highest Rate 6 month return

wenderella wrote:If you look at mango or do a scam search there are many complaints, beware.

Had the account for nearly two years now. Never a problem. There's a $3/month fee now but the interest paid on $5k covers that several times over.
by tfb
Mon Oct 06, 2014 3:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Highest Rate 6 month return
Replies: 11
Views: 1564

Re: How much income do you need to start an Individual 401k?

However, he doesn't have a real side job that would facilitate the income to open this account. Are there any minimum requirements for establishing a side business and opening an Individual 401k? Can he wash a few cars in the neighborhood, earn $20, and say he's self employed as a car washer and op...
by tfb
Sat May 03, 2014 9:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much income do you need to start an Individual 401k?
Replies: 4
Views: 533

Re: Should I be concerned: auto vs. umbrella insurance

Statch wrote:If the agent confirms that this understanding is correct, we may end up going back to our old insurance.

Or just buy $2 million umbrella.
by tfb
Sat May 03, 2014 8:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I be concerned: auto vs. umbrella insurance
Replies: 34
Views: 3357

Re: Ally checking account

dratkinson wrote:I believe all CUs are interlinked by a CU CO-OP: shared branches.

Not all. Only ones that sign up for the network. There's a service charge to the home CU, paid to the local CU you visit.
by tfb
Sat May 03, 2014 6:55 pm
 
Forum: Personal Consumer Issues
Topic: Ally checking account
Replies: 20
Views: 1772

Re: Should I be concerned: auto vs. umbrella insurance

Your umbrella policy is a liability policy with a coverage limit of $1,000,000 and a deductible of $250,000. Your auto policy, as corrected, has a coverage limit of $250,000 and a deductible of whatever you chose (let's use $1,000 for an example). So on a $1,000,000 liability claim arising from an ...
by tfb
Sat May 03, 2014 6:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I be concerned: auto vs. umbrella insurance
Replies: 34
Views: 3357

Re: Does everyone have an Emergency Fund

stemikger wrote:Does everyone have an Emergency Fund[?]

Everyone has an emergency fund, whether they officially designates it in their mind or not. That's the place they will tap when they have an emergency.
by tfb
Sat May 03, 2014 6:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Does everyone have an Emergency Fund
Replies: 51
Views: 4724

Re: CPI-adjusted SPIAs: buy now or later? with numbers...

So, should the general advice be to buy CPI-adjusted SPIA now, not later? Am I missing something? - Your premise that one must buy in 5 years. - You assumption: if payout ratios do not change over 5 years. One doesn't have to buy in 5 years (can wait 20 years until 65 or even later). The payout rat...
by tfb
Sat May 03, 2014 11:53 am
 
Forum: Investing - Theory, News & General
Topic: CPI-adjusted SPIAs: buy now or later? with numbers...
Replies: 3
Views: 526

Re: Banks that categorise your expenses...

Alliant Credit Union has it, called Personal Financial Management (PFM), provided by Geezeo.

Citibank has it, called Citi Financial Tools https://online.citibank.com/US/JRS/pand ... ncialTools

PNC Bank also has it. https://www.pnc.com/virtual-wallet
by tfb
Fri May 02, 2014 6:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Banks that categorise your expenses...
Replies: 12
Views: 930

Re: Are my retirement dreams a mirage?

I've had friends who've asked me, "So what's retirement like?" My answer to them is, "Remember when you were a little kid.....before the big people sent you to kindergarten? Remember those seemingly endless days of play? Those days when you got up and ate breakfast, then went out to ...
by tfb
Fri May 02, 2014 2:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Are my retirement dreams a mirage?
Replies: 39
Views: 4250

Re: Low iregular usage international calling

The rate is about 2.3 cent per minute, but she complains that the charges are often higher. After looking at it, I realized that Skype charges a connection fee, which appears to be around 3.9 cent to 7.9 cent depending on the country you are calling to. This gets charged each time she calls, even i...
by tfb
Fri May 02, 2014 1:18 pm
 
Forum: Personal Consumer Issues
Topic: Low iregular usage international calling
Replies: 11
Views: 697

Re: 401k Benchmarks

And now you see the problem, the incentives are NOT set up for the director of HR to provide a low cost plan. Have you tried scheduling a screening of the Frontline documentary on 401K expenses? Might shake the HR person to think more carefully about all of these services. Agree. If I'm not paying ...
by tfb
Fri May 02, 2014 2:04 am
 
Forum: Personal Finance (Not Investing)
Topic: 401k Benchmarks
Replies: 27
Views: 6021

Re: I have a perfect 850 FICO score?!

DrPeppaPig wrote:According to Discover, my FiCO score is 865.

It makes me wonder whether the 850 reported in this thread is actually the perfect score or just 850 on a different scale.
by tfb
Fri May 02, 2014 1:59 am
 
Forum: Personal Finance (Not Investing)
Topic: I have a perfect 850 FICO score?!
Replies: 27
Views: 4256

Re: I'm a bit surprised by Vanguard recommendations

Vanguard is the Vanguard rep on the phone (at their number). He was a customer rep for people with less than big portfolios. Not sure what you mean "Better go through a formal financial plan process." in the context of the other part of your question. Best, cody A customer service rep doe...
by tfb
Thu May 01, 2014 8:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: I'm a bit surprised by Vanguard recommendations
Replies: 11
Views: 2106

Re: An easy way to save money: Avoid the $300,000 car.

The Lexus 5-year cost to own is estimated to be $59,160. The Camry 5-year cost to own is estimated to be $42,489. The difference is $16,731 or $3,346/year. Saving $3,346/year @ 7% compounds to over $350,000 in 30 years. The Camry is 2.5x the difference. That means the Camry cost almost $900k in 30 ...
by tfb
Thu May 01, 2014 6:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: An easy way to save money: Avoid the $300,000 car.
Replies: 152
Views: 18362

Re: Former Employee 401K Plan Options with [Restrictive] Pla

Is there anything in ERISA that limits these types of changes[?] No. The employer could limit your contributions and earnings the same way too but they are being gentle. Considering that they didn't have to make contributions or even have a plan to begin with (many employers don't), what they do wi...
by tfb
Thu May 01, 2014 6:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Former Employee 401K Plan Options with [Restrictive] Plans
Replies: 14
Views: 712

Re: $22 million reason for umbrella?

This is one reason I see little logic in the advice that you should buy an umbrella that matches the assets you have. The amount of liability you can incur has nothing to do with your asset level. If you have $2M, and you get a $2M umbrella, and you're found liable for $4M+, what good were all thos...
by tfb
Thu May 01, 2014 6:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: $22 million reason for umbrella?
Replies: 42
Views: 3888

Re: I'm a bit surprised by Vanguard recommendations

Vanguard recommended going to Target 2020 to make part of that equity increase (from 54% to 65%) for her deferred money. (which she did on the phone, though I would have waited to get the big picture first). Who is "Vanguard"? Was this from a customer service rep? A Flagship rep? A CFP vi...
by tfb
Thu May 01, 2014 6:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: I'm a bit surprised by Vanguard recommendations
Replies: 11
Views: 2106

Re: Vanguard security

Check the link to my thread previously posted. This has already been discussed, tested and confirmed. You think your password is ten characters but it is not. Type your same password but stop at 8 characters then try logging in. The system only stores the first 8 characters, your two extra isn't st...
by tfb
Thu May 01, 2014 10:38 am
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard security
Replies: 14
Views: 1573

Re: FORUM REACHES 2,000,000 POSTS TODAY

The large number of posts also make it very difficult to find anything. I'm afraid at least 1,000,000 posts are wasted. They are there. You just can't bring them up to the surface because they are mixed in with another 1,000,000 posts.
by tfb
Thu May 01, 2014 12:36 am
 
Forum: Forum Issues and Administration
Topic: FORUM REACHES 2,000,000 POSTS TODAY
Replies: 54
Views: 10438

Re: Change the name of the "Backdoor Roth" to something else

I credit Harry Sit (The Finance Buff) with the coining of the "Backdoor" term, although perhaps incorrectly. Bloggers like Harry, myself, Mike Piper, and this forum are responsible for popularizing it. However, over the last 2 or 3 years, I'm seeing it used in the mainstream media (Forbes...
by tfb
Wed Apr 30, 2014 5:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Change the name of the "Backdoor Roth" to something else?
Replies: 41
Views: 2234

Re: Tell Me I'm Stupid To Consider Quitting My Job and Movin

Go here and see what an immediate annuity will pay you and your spouse for life if both of you were age 40. That's the lowest age quotes are given: http://www.immediateannuities.com I am NOT suggesting you buy an annuity. However, consider this: If an insurance company can pay you and your wife tha...
by tfb
Wed Apr 30, 2014 5:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tell Me I'm Stupid To Consider Quitting My Job and Moving
Replies: 123
Views: 28359

Re: Why do some companies match HSA contributions?

schuyler74 wrote:Does the company match (or flat contribution) count towards your annual contribution limit?

It does.
by tfb
Wed Apr 30, 2014 2:06 am
 
Forum: Investing - Theory, News & General
Topic: Why do some companies match HSA contributions?
Replies: 12
Views: 779

Re: eMail mailing list solutions for a group of ~200?

Anyone know any no-cost or very-low-cost solutions other than Yahoo! Groups? Facebook group. People can choose to receive notifications by email or just check for postings online. If a participant wants to post something for the whole group, they do that online. It'll be pretty obvious they are bro...
by tfb
Tue Apr 29, 2014 9:09 pm
 
Forum: Personal Consumer Issues
Topic: eMail mailing list solutions for a group of ~200?
Replies: 12
Views: 834

Re: Change the name of the "Backdoor Roth" to something else

I credit Harry Sit (The Finance Buff) with the coining of the "Backdoor" term, although perhaps incorrectly. Really? I should've trademarked it then. :) Even Vanguard used it. https://personal.vanguard.com/us/insights/video/2505-Exc2 I still see it as an unintended consequence which can't...
by tfb
Tue Apr 29, 2014 4:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Change the name of the "Backdoor Roth" to something else?
Replies: 41
Views: 2234

Re: Health Care FSA

nitrocore24 wrote:My child is covered under my DW's plan (HDHP with HSA maxed out)

If you choose Health Care FSA, it makes your DW not eligible to contribute to HSA because money in the FSA *can* pay for your child and wife's care whether you actually choose to pay from it or not.
by tfb
Tue Apr 29, 2014 12:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Health Care FSA
Replies: 2
Views: 147

Re: (Over)pay taxes make money get I-bond

an_asker wrote:In the meanwhile, with a 2% cashback credit card, you would also stand to make some money on the deal given that the transaction charges are slightly less than 2% on the least expensive tax-pay option.

Some money = 0.1% = $5 on $5,000?
by tfb
Tue Apr 29, 2014 10:39 am
 
Forum: Personal Finance (Not Investing)
Topic: (Over)pay taxes make money get I-bond
Replies: 5
Views: 670

Re: BenefitWallet Investment Options? HSA

steve r wrote:Anyone know the investment options at BenefitWallet for HSA? How good they are, etc?

They have them on their website: https://mybenefitwallet.com/solution-hs ... ments.html
by tfb
Tue Apr 29, 2014 10:37 am
 
Forum: Personal Finance (Not Investing)
Topic: BenefitWallet Investment Options? HSA
Replies: 3
Views: 262

Re: using etf to avoid citibank checking fees?

What specifically do you like out of citigold? I use its basic checking, which is already free with 1 direct deposit and 1 bill payment. Actually it has a negative monthly fee because I get ThankYou points worth $5/month. I don't use much customer service. It just works.
by tfb
Tue Apr 29, 2014 12:06 am
 
Forum: Personal Finance (Not Investing)
Topic: using etf to avoid citibank checking fees?
Replies: 7
Views: 1192

Re: 401k Benchmarks

Plan Assets: ~$1.8M (USD) Your plan assets are too small to attract direct interest from larger players. Based on the net worth survey here, many posters have more than that much in their personal account. 1. What percentage of 401k plans are administered by a TPA/Advisor (as opposed to the record ...
by tfb
Mon Apr 28, 2014 10:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: 401k Benchmarks
Replies: 27
Views: 6021

Re: "When Investing, Most of Us Set Ourselves Up for Losses"

People who invest at Vanguard intentionally (as opposed to just having the funds in their 401k and knowing nothing about them) know the value of index investing as well as low cost funds which increases the chances they also have a better understanding of asset allocation, market behavior, rebalanc...
by tfb
Mon Apr 28, 2014 3:31 pm
 
Forum: Investing - Theory, News & General
Topic: "When Investing, Most of Us Set Ourselves Up for Losses"
Replies: 13
Views: 3020

Re: "When Investing, Most of Us Set Ourselves Up for Losses"

This contradicts with observed behavior from millions of people in 401k plans administered by Vanguard. Vanguard previously reported that only 2-4% of participants made any moves during that time. Half of the moves were adding to stocks.
by tfb
Mon Apr 28, 2014 3:28 pm
 
Forum: Investing - Theory, News & General
Topic: "When Investing, Most of Us Set Ourselves Up for Losses"
Replies: 13
Views: 3020

Re: 401(k) Loan make sense?

The 4.25% is payable back to the couple's 401(k) and not only is it a better return than current bonds, but it represents an opportunity to further increase retirement contributions. I'm not sure why additional debt payable to a third party and / or taxable savings instead of retirement savings wou...
by tfb
Mon Apr 28, 2014 11:23 am
 
Forum: Personal Finance (Not Investing)
Topic: 401(k) Loan make sense?
Replies: 31
Views: 3715

Re: Most realiable way to double a portfolio in 12 years

StarbuxInvestor wrote:Sounds like the most likely, least risky way is to go 100% short or intemediate term bonds until the next Bear market then go 100% stocks. :D

Or the opposite. 100% stocks until the balance reaches a point where 100% CDs or Treasuries to the end of 12 years will make the goal.
by tfb
Mon Apr 28, 2014 10:46 am
 
Forum: Investing - Theory, News & General
Topic: Most reliable way to double a portfolio in 12 years
Replies: 55
Views: 14897

Re: 401(k) Loan make sense?

1) Loan would allow for some combination of increased lifestyle (new car to replace 10+ year old car, home improvements) and paydown of 2.49% Home Equity Loan without tapping 6 month Emergency Fund. 2) Opportunity to increase retirement contributions as 4.25% interest better than current bond funds...
by tfb
Mon Apr 28, 2014 10:36 am
 
Forum: Personal Finance (Not Investing)
Topic: 401(k) Loan make sense?
Replies: 31
Views: 3715

Re: Refinancing from 5year ARM to 15 year fixed

bogle1 wrote:We will live in this house atleast for 3 more years. The cost of refinance would be apx $6500 (incl points). Please suggest if it is a good idea to refinance.

Not a good idea. 3 more years isn't enough time to recover the $6500 cost.
by tfb
Sat Apr 26, 2014 6:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: Refinancing from 5year ARM to 15 year fixed
Replies: 4
Views: 751

Re: Company stock discount

Bob's not my name wrote:The OP has been distracted by the company's tax statement about capital gains treatment, which is a common distraction.

Why do so many people get distracted?
by tfb
Sat Apr 26, 2014 11:08 am
 
Forum: Investing - Help with Personal Investments
Topic: Company stock discount
Replies: 19
Views: 1692

Re: Robinhood has Zero-Commissions - are you buying stock?

thethinker wrote:as the fees are often associated with a main reason people should not buy and trade stocks and utilize an index fund.

I don't think so. Commissions are a very minor factor.
by tfb
Sat Apr 26, 2014 11:04 am
 
Forum: Investing - Theory, News & General
Topic: Robinhood has Zero-Commissions - are you buying stock?
Replies: 23
Views: 4857

Re: Company stock discount

Any amount purchased would be diverted from her 401k contribution (not yet maxed out). If you sell immediately you can use the money for the next round. At most her 401k contributions will be lowered for only one quarter. Ideally you come up with one quarter worth of money elsewhere without changin...
by tfb
Fri Apr 25, 2014 11:44 am
 
Forum: Investing - Help with Personal Investments
Topic: Company stock discount
Replies: 19
Views: 1692

Re: Weird - SSA website has service hours?

Vanguard website had service hours too (not sure if it still does or not).

Image
by tfb
Fri Apr 25, 2014 2:07 am
 
Forum: Personal Consumer Issues
Topic: Weird - SSA website has service hours?
Replies: 11
Views: 1303
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