Search found 627 matches

by Alskar
Thu Jun 08, 2017 11:22 pm
Forum: Investing - Theory, News & General
Topic: E*Trade Account Closure fees
Replies: 17
Views: 1978

Re: E*Trade Account Closure fees

But probably every brokerage charges a similar outgoing account transfer fee. I was thinking of consolidating my various accounts at Ally, but the transfer costs were prohibitive. I can say from personal experience that Ameriprise charges a closure fee of $100 per account. My father's assets were a...
by Alskar
Thu Jun 08, 2017 11:12 pm
Forum: Investing - Theory, News & General
Topic: Why You Still Can’t Trust Your Financial Adviser
Replies: 54
Views: 6449

Re: Why You Still Can’t Trust Your Financial Adviser

David Jay wrote:As has been said many times on BH: "When you know enough to choose a good FA, you no longer need one."
I been on the BH forum for years and have never read that before, but I like it. +1
by Alskar
Wed May 17, 2017 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Funny Letter [Canceling Escrow Account]
Replies: 39
Views: 5600

Re: Funny Letter [Canceling Escrow Account]

FWIW, self escrow is wonderful. Especially when it's in an Ally 1.05% savings account. I use my Reward Checking account that currently pays 1.75%APY on balances up to $25K to save for my enormous Oregon property tax payment. There are hoops to jump through to get this rate, but I've qualified for t...
by Alskar
Wed Apr 26, 2017 7:43 pm
Forum: Investing - Theory, News & General
Topic: Retreat to cash
Replies: 276
Views: 39336

Re: Retreat to cash

This is why I have given up trying to predict the market. The dumb money ceases to be dumb once it realises it knows nothing! I too have been humbled enough by trying to predict the market, that I've given up trying. I'm reminded of a bumper sticker that was popular a few years back: Get In. Sit Do...
by Alskar
Mon Apr 24, 2017 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have an umbrella policy?
Replies: 141
Views: 15994

Re: Do you have an umbrella policy?

Outside of bankruptcy, it's up to state, most states do... some are more clear and absolute regarding it, here's a state by state rundown citing relevent statute in each state: m Thanks for the information. It's interesting (to me anyway) that Nevada exempts traditonal IRA's but not Roth IRA's from...
by Alskar
Wed Apr 19, 2017 6:51 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have an umbrella policy?
Replies: 141
Views: 15994

Re: Do you have an umbrella policy?

The good news is that if you're a good little boglehead and have been maxing out your retirement accounts, then even if you are successfully sued for $500 Million, in most states you get to at least keep your retirement accounts! I think that's only true for 401k or 403b accounts, not for rollover ...
by Alskar
Wed Mar 01, 2017 7:39 pm
Forum: Investing - Theory, News & General
Topic: Fidelity drops equity trade fee to $4.95
Replies: 69
Views: 6756

Re: Fidelity drops equity trade fee to $4.95

jrbdmb wrote:I keep hoping that TD Ameritrade will offer a similar deal since I already do most of my banking at TD, but so far no such luck.
TD Ameritrade lowered the commission on equity trades to $6.95 yesterday. It seems like a price war is underway!
by Alskar
Wed Feb 15, 2017 8:25 pm
Forum: Investing - Help with Personal Investments
Topic: 7 Year PenFed CD's @3.75% APR Maturing. Now what?
Replies: 5
Views: 714

7 Year PenFed CD's @3.75% APR Maturing. Now what?

Starting about this time of year back in 2010, PenFed was offering 7 year CD's at 3.75% APR. Later than year, they lowered it to 3.49% APR. I believe a bunch of us bought these CD's as they were very competitive for that time. These CD's are now beginning to mature. Mine mature Oct 1, 2017. Mine are...
by Alskar
Mon Feb 13, 2017 8:57 pm
Forum: Investing - Theory, News & General
Topic: Retreat to cash
Replies: 276
Views: 39336

Re: Retreat to cash

This is why I have given up trying to predict the market. The dumb money ceases to be dumb once it realises it knows nothing! I too have been humbled enough by trying to predict the market, that I've given up trying. I'm reminded of a bumper sticker that was popular a few years back: Get In. Sit Do...
by Alskar
Mon Feb 13, 2017 8:48 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Reaches $4 Trillion for First Time
Replies: 25
Views: 4481

Re: "Vanguard Hits $4 Trillion Milestone" Not a word about Bogle.

Oh wow. I have Voyager status and called a few times in November. I think there was maybe a five minute wait. Whatever the wait was, it was short enough that it didn't even register that I was waiting for long. In my experience, the issue with poor customer service at Vanguard had nothing to do wit...
by Alskar
Sun Feb 12, 2017 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: Job Question - Stay or Go
Replies: 17
Views: 1956

Re: Job Question - Stay or Go

Our annual expenses are around $30,000 a year and we currently have $1M in investment assets (this includes funds in the ESOP). I agree with what other's have said; If I where you, I'd find out what my skills are worth on the open market. I'd also add that if a significant amount of your $1M in ass...
by Alskar
Wed Feb 08, 2017 10:02 pm
Forum: Personal Finance (Not Investing)
Topic: Sibling-Owned 529 Plan
Replies: 7
Views: 929

Re: Sibling-Owned 529 Plan

Thanks everybody! It does appear that my father received incorrect financial advise. I will discuss what to do about this with my sister.
by Alskar
Wed Feb 08, 2017 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: Sibling-Owned 529 Plan
Replies: 7
Views: 929

Re: Sibling-Owned 529 Plan

Is their any reason the child's mother can't be the account owner? That might eliminate any problems if there is no concern over misuse of the funds. At the time of my mother's death in 2010, my father's financial advisor indicated that if the 529 plan was owned by the parent of the child attending...
by Alskar
Tue Feb 07, 2017 10:09 pm
Forum: Personal Finance (Not Investing)
Topic: Sibling-Owned 529 Plan
Replies: 7
Views: 929

Sibling-Owned 529 Plan

I'm starting a new thread instead of hijacking a similar one about Grandparent-owned 529 plans: https://www.bogleheads.org/forum/viewtopic.php?f=2&t=210353 Without my knowledge, my parents made me the successor owner on three 529 plans they opened for each of my sister's three children; their gr...
by Alskar
Fri Jan 20, 2017 7:58 pm
Forum: Investing - Theory, News & General
Topic: ER's Now Itemized in 401k
Replies: 2
Views: 593

Re: ER's Now Itemized in 401k

The only thing like that in my 401k is that 4 times a year all of my funds are charged for a total of $5.25 going towards the $21/year administration/recordkeeping fee of the 401k. No, there is a $13.50 charge every quarter for administration and record keeping. That charge is consistent and well d...
by Alskar
Fri Jan 20, 2017 1:04 pm
Forum: Investing - Theory, News & General
Topic: ER's Now Itemized in 401k
Replies: 2
Views: 593

ER's Now Itemized in 401k

Beginning in mid-July of 2016 the 401k in which I am a participant starting charging me small sums ranging from $0.01 to ~$1.50 at seemingly random intervals. The links to the transaction details were broken until yesterday. The transaction details that I can now see have the names of funds that I o...
by Alskar
Thu Jul 14, 2016 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited IRA and RMD
Replies: 10
Views: 1823

Re: Inherited IRA and RMD

I went through this about a year ago. You may want to search for the thread about that experience as it contains some useful information. In my case, my father's assets were held in a trust. The type of trust is apparently very important (see the thread I mentioned). The trust was split into three a...
by Alskar
Tue Jul 12, 2016 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: [Fidelity drops AmEx, Bank of America credit cards]
Replies: 289
Views: 44997

Re: [Fidelity drops AmEx, Bank of America credit cards]

I just received the final statement for my Fidelity AMEX (2%) FIA CC. The statement says "Auto Pay Active" on it. Based on that I would expect FIA to withdrawal the final payment to them from my checking account automatically. However, that is incorrect. I called FIA and was told that ther...
by Alskar
Mon Sep 28, 2015 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity 2% Amex: Security Annoyances
Replies: 92
Views: 11241

Re: Fidelity 2% Amex: Security Annoyances

I've got the FIA Visa and it gets shut down about every 60 days for some bogus security issue or another. And I've had a new card every 4-5 months or so the last two years, which is a pain because I have a lot of auto-pay accounts linked to it. +1. My Fido AMEX got shutoff while I was in Denver to ...
by Alskar
Tue Sep 22, 2015 7:11 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited IRA - Push vs Pull
Replies: 35
Views: 2979

Re: Inherited IRA - Push vs Pull

Thank you very much Alan S. !!
by Alskar
Mon Sep 21, 2015 7:20 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited IRA - Push vs Pull
Replies: 35
Views: 2979

Re: Inherited IRA - Push vs Pull

The question to ask Ameriprise since one of the qualified trust requirements is that the trust information or a copy thereof be provided to the IRA custodian by 10/31 of the year following the year of death is whether they consider the trust to be qualified for "look through treatment". T...
by Alskar
Sun Sep 20, 2015 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited IRA - Push vs Pull
Replies: 35
Views: 2979

Re: Inherited IRA - Push vs Pull

The question to ask Ameriprise since one of the qualified trust requirements is that the trust information or a copy thereof be provided to the IRA custodian by 10/31 of the year following the year of death is whether they consider the trust to be qualified for "look through treatment". T...
by Alskar
Wed Sep 16, 2015 6:57 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited IRA - Push vs Pull
Replies: 35
Views: 2979

Re: Inherited IRA - Push vs Pull

When you refer to "parts of the trust being qualified", it appears you may be referring to the accounts for which the trust is beneficiary. If so, note that a "qualified trust" refers to the trust provisions meeting all 4 requirements on p 12 of IRS Pub 590 B. Does Ameriprise ag...
by Alskar
Wed Sep 16, 2015 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: How long should a transfer from one HSA administrator to another take?
Replies: 4
Views: 731

Re: How long should a transfer from one HSA administrator to another take?

Does anyone know if this 4-6 week timeframe is reasonable? Is there anything I can do to speed up the process? When I closed my HSA account at HSA Bank it took just over 5 weeks to get the money transferred. IMHO this is not reasonable, but it appears to be typical. In my view, HSA Bank deliberatel...
by Alskar
Tue Sep 15, 2015 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited IRA - Push vs Pull
Replies: 35
Views: 2979

Re: Inherited IRA - Push vs Pull

Brokerage says: 1. "I've worked here 40 years and never seen a "Push IRA", only "Pull IRAs". Why not let us do the transfer paperwork? It will only take 5 minutes[/b] I'm going through much of the same thing right now. My situation is slightly different than yours in that m...
by Alskar
Mon Aug 03, 2015 7:36 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited IRA - Push vs Pull
Replies: 35
Views: 2979

Re: Inherited IRA - Push vs Pull

Brokerage says: 1. "I've worked here 40 years and never seen a "Push IRA", only "Pull IRAs". Why not let us do the transfer paperwork? It will only take 5 minutes[/b] I'm going through much of the same thing right now. My situation is slightly different than yours in that m...
by Alskar
Mon Jul 13, 2015 8:33 pm
Forum: Personal Consumer Issues
Topic: Desktop wifi connection + keyboard
Replies: 9
Views: 869

Re: Desktop wifi connection + keyboard

Keyboard: in the 90s [?] keyboards had a firm touch and a sharp click. Can anyone recommend such a keyboard today, best if it has some sort of illumination. Thank you Since I spend about 6+ hours a day on my keyboard, its touch is extremely important to me. I love my SIIG "Premium USB Keyboard...
by Alskar
Mon Jul 06, 2015 12:56 pm
Forum: Personal Consumer Issues
Topic: Vanguard's Security image going away?
Replies: 82
Views: 11377

Re: Vanguard's Security image going away?

What do you think about Vanguard discontinuing the security image? I think it is long overdue. Security images come under the general rubric of "security theater" (the appearance of adding security without actually adding security) in my view. I think website that use security images and ...
by Alskar
Sun Jul 05, 2015 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: Obsessing towards zero balance on credit card.
Replies: 158
Views: 17825

Re: Obsessing towards zero balance on credit card.

Seriously. Automate your financial life. I pay bills early just like you do all the time for the same reasons, but not bills I can set up to autopay every month automatically and forget about. I would add that this is one of the places a reward checking account can help. I'm earning 1.75% on the fi...
by Alskar
Thu Jul 02, 2015 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: Obsessing towards zero balance on credit card.
Replies: 158
Views: 17825

Re: Obsessing towards zero balance on credit card.

So here're my questions for those of you who pay in full each month: How often do you check and pay your credit card(s) in full each month? What's your method? All of my credit cards are setup to pay the entire balance automatically once per month on the due date via an ACH withdrawal from my rewar...
by Alskar
Fri May 01, 2015 6:24 pm
Forum: Personal Finance (Not Investing)
Topic: 401k Record Keeping Fee
Replies: 87
Views: 12450

Re: 401k Record Keeping Fee

You're suggesting that it's okay to spend $500 for floormats for a $50K car because $500 is a small percentage of $50K No I'm not. I'm suggesting that If your 401k total expenses are less than 30 bps you are doing far better than 80%-90% of America and you shouldn't be complaining. You could certai...
by Alskar
Fri May 01, 2015 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: 401k Record Keeping Fee
Replies: 87
Views: 12450

Re: 401k Record Keeping Fee

Your total cost is what matters. What is your total cost as a % of your invested assets? That certainly is the opinion of 401k advisers, TPA's, and car sales people, but I complete disagree. You're suggesting that it's okay to spend $500 for floormats for a $50K car because $500 is a small percenta...
by Alskar
Mon Apr 27, 2015 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: 401k Record Keeping Fee
Replies: 87
Views: 12450

Re: 401k Record Keeping Fee

That sounds like a bargain to me. Mine is 75bps. If my account value is $30k, I pay $225/year in garbage costs vs if it were in an IRA. The tax deduction is worth it. I suspect you're conflating or commingling record keeping expenses with other administrative, custodial and/or investment expenses. ...
by Alskar
Sat Apr 25, 2015 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: 401k Record Keeping Fee
Replies: 87
Views: 12450

401k Record Keeping Fee

I missed some important data in The 401k Averages Book, 12th Edition . As I was getting ready to return the book I glanced at the index and noticed they list the larger plans in the middle of the book not at the end. Odd... In any case, for plans with 2000 participants and $100M in assets ($50K aver...
by Alskar
Thu Apr 16, 2015 9:39 pm
Forum: Personal Finance (Not Investing)
Topic: 401k Record Keeping Fee
Replies: 87
Views: 12450

Re: 401k Record Keeping Fee

Alskar, Can you confirm your numbers? Based on what you've provided, the average account balance is $216k. That's almost 2.5 times the national average. Certainly possible, but not normal. Also, is there something specific to your plan such as company stock as an investment, or self-directed broker...
by Alskar
Mon Apr 13, 2015 11:20 pm
Forum: Personal Finance (Not Investing)
Topic: 401k Record Keeping Fee
Replies: 87
Views: 12450

Re: 401k Record Keeping Fee

I was able to obtain a copy of The 401k Averages Book, 12th Edition through my library's interlibrary loan program. It is copyrighted 2011. It is the most recent version I could get without buying a copy. Many thanks to the Albert S. Cook Library in Towson, MD for the loan! According to this source,...
by Alskar
Mon Apr 13, 2015 11:03 pm
Forum: Personal Finance (Not Investing)
Topic: 401k Record Keeping Fee
Replies: 87
Views: 12450

Re: 401k Record Keeping Fee

I assumed your description meant $65 flat fee, no other fees (except transactional like loans and expense ratios) If you are paying $65 per participant record keeping, plus an asset based administration fee, and then the expense ratio on the investments, then yes, I would say that seems high. I pay...
by Alskar
Sat Apr 04, 2015 11:08 pm
Forum: Personal Finance (Not Investing)
Topic: 401k Record Keeping Fee
Replies: 87
Views: 12450

Re: 401k Record Keeping Fee

In any event, in most cases the recordkeeping/administrative/custodial fee is not a "flat fee" but a percentage-of-assets fee. In my wife's Transamerica plan, the fee is 0.15% per year, charged on a quarterly pro-rata basis (0.0375%). If one has $100,000 in the plan, this fee is $37.50. F...
by Alskar
Tue Mar 31, 2015 9:39 pm
Forum: Personal Finance (Not Investing)
Topic: 401k Record Keeping Fee
Replies: 87
Views: 12450

Re: 401k Record Keeping Fee

A person can (and should) contribute to both an IRA and 401k - assuming cash flow and budget allow. And, assuming they are below the required income levels. In general one cannot deduct one's contribution to an IRA if one is eligible to participate in a retirement plan such as a 401k through one's ...
by Alskar
Tue Mar 31, 2015 9:32 pm
Forum: Personal Finance (Not Investing)
Topic: 401k Record Keeping Fee
Replies: 87
Views: 12450

Re: 401k Record Keeping Fee

Sorry for being away so long. I've got an ailing father that needed attention. I will try to address several highlights in one go: First: Whether I can afford $65/year for record keeping is really a moot point. Based on my experience, $65/year for record keeping is outrageous. Since Employee Fiducia...
by Alskar
Thu Mar 26, 2015 1:08 am
Forum: Personal Finance (Not Investing)
Topic: 401k Record Keeping Fee
Replies: 87
Views: 12450

Re: 401k Record Keeping Fee

What are the ER's on their index and Target Retirement funds? They range from 5 bps to 15 bps for index funds and around 50 bps for target date funds. This is extremely good in my experience, but most of the funds are co-mingled funds. I'm not a fan of co-mingled funds; too much opportunity for hid...
by Alskar
Sun Mar 15, 2015 5:03 pm
Forum: Personal Finance (Not Investing)
Topic: 401k Record Keeping Fee
Replies: 87
Views: 12450

Re: 401k Record Keeping Fee

JamesSFO wrote:Try brightscope - http://www.brightscope.com/

I tried Brightscope. They gave the plan a 79%. Not bad, but the record keeping fee of $65 seems ridiculous for a plan with over $1B in assets.
by Alskar
Sun Mar 15, 2015 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: 401k Record Keeping Fee
Replies: 87
Views: 12450

401k Record Keeping Fee

I just started at a new company. In about a week I will be eligible to start contributing to the 401k plan. It took a month to get my new employer to give me the mandatory 408(b) fee disclosure. I was a bit shocked to learn that I will be paying $65 per year for record keeping. This is a plan with s...
by Alskar
Sun Mar 15, 2015 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: 401K leaving employer
Replies: 28
Views: 3160

Re: 401K leaving employer

cherijoh wrote:Yikes - does this mean you are on your 10th employer?

Yes indeed! Welcome to the nasty world of high-tech! For the record, I'm only 54. I expect to have at least 2-3 more employers before I retire.
by Alskar
Sun Mar 15, 2015 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: 401K leaving employer
Replies: 28
Views: 3160

Re: 401K leaving employer

So you religiously rolled over to new employer 401K so it is all in one place? I suppose one needs to think if there is "enough" in a Roth IRA (there is never enough) and forgo the Backdoor, and decide that the $5500 previously allocated goes to an after-tax account? The ability to Backdo...
by Alskar
Sun Mar 15, 2015 12:32 am
Forum: Personal Finance (Not Investing)
Topic: 401K leaving employer
Replies: 28
Views: 3160

Re: 401K leaving employer

Why then, besides creditor protection, would one not roll to an IRA? To be eligible for a backdoor Roth IRA contribution is about the only reason I can think of besides creditor protection. FWIW, I just did my 9th 401k rollover. I now reflexivity rollover my 401k as soon as I leave an employer. I'm...
by Alskar
Tue Jan 27, 2015 6:54 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax '14 Deluxe (Desktop) Excludes Schedule D
Replies: 223
Views: 42079

Re: TurboTax '14 Deluxe (Desktop) Excludes Schedule D

I'll gladly take my $25 refund this year then switch to TaxACT for 2015 anyway. One too many shakedowns disguised as "a lack of communication or a lack of customer-focused research" or whatever nonsense you can come up with Intuit...been using TurboTax for over 15 years. Buh-bye... +1. I'...
by Alskar
Sun Jan 25, 2015 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax '14 Deluxe (Desktop) Excludes Schedule D
Replies: 223
Views: 42079

Re: TurboTax '14 Deluxe (Desktop) Excludes Schedule D

This thread is too long for me to read all of the details, so forgive me if this has already been posted: Intuit is offering 50% off their TurboTax products until midnight on 1/26/2015: https://turbotax.intuit.com/lp/ty14/desktop/lp3.htm?priorityCode=1899700000&cid=em_31440_024_003 . I called ye...
by Alskar
Thu Jan 22, 2015 8:50 pm
Forum: Personal Finance (Not Investing)
Topic: Rank These 401(k) Providers
Replies: 43
Views: 6191

Re: Rank These 401(k) Providers

FOLLOW UP: After much discussion, flailing, wailing, and gnashing of teeth my employer has decided to switch to the Vanguard Small Business plan. For those keeping track, I am now 3 for 3 in convincing employers to switch to lower cost plans or funds. My winning streak is alive! It is unclear if the...
by Alskar
Wed Jan 14, 2015 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: Invitation for a Visa Black Card
Replies: 18
Views: 3483

Re: Invitation for a Visa Black Card

Sorry, everybody gets those mailings even if they don't buy an Electric Drive. Until now, I had never received any mailings for the Visa Black Card. I do get mailings on dozens of other cards, but this was a first for me. I am not a high net-worth individual and until now, I had never been mistaken...