Search found 733 matches

by Anon1234
Fri Jan 22, 2016 1:23 am
Forum: Personal Consumer Issues
Topic: What was your biggest unexpected home expense?
Replies: 87
Views: 7282

Re: What was your biggest unexpected home expense?

$14,000 worth of RamJack piers when one of my walls started sinking. 2008 dollars. The house was 24 years old when the wall started sinking. Insurance wouldn't cover earth movement.
by Anon1234
Mon Jan 18, 2016 12:27 am
Forum: Personal Finance (Not Investing)
Topic: Megacorp using Master Trust, High fee 401k plan. Why?
Replies: 20
Views: 1093

Re: Megacorp using Master Trust, High fee 401k plan. Why?

2. I suspect your plan has "safe harbor" in the name to indicate that you get a "safe harbor" matching contribution that eliminates one of the major non-discrimination tests for HCEs. If you get either at least a 3% employer contribution or a 4% match and they immediately vest, ...
by Anon1234
Sun Jan 17, 2016 10:08 pm
Forum: Personal Finance (Not Investing)
Topic: Megacorp using Master Trust, High fee 401k plan. Why?
Replies: 20
Views: 1093

Re: Megacorp using Master Trust, High fee 401k plan. Why?

And that amount is flat for everyone, both in your division's plan and in the parent corp? In the fee disclosure for my plan, they state that it applies to everyone with a balance above $2500. The fee information I have about the corporate plan is two parts. first, brightscope says "Lowest Fee...
by Anon1234
Sun Jan 17, 2016 9:23 pm
Forum: Personal Finance (Not Investing)
Topic: Megacorp using Master Trust, High fee 401k plan. Why?
Replies: 20
Views: 1093

Re: Megacorp using Master Trust, High fee 401k plan. Why?

Where do you see the $700 per year per participant number? If you are calculating off the number in the Summary Annual Report, the "plan expenses" there include benefits paid to participants such as outgoing rollovers, which aren't fees, and aren't expenses in the normal sense. They take ...
by Anon1234
Sun Jan 17, 2016 7:56 pm
Forum: Personal Finance (Not Investing)
Topic: Megacorp using Master Trust, High fee 401k plan. Why?
Replies: 20
Views: 1093

Re: Megacorp using Master Trust, High fee 401k plan. Why?

You may be onto something. "Safe Harbor 401k Plan" appears in the title of the plan which is usually used by plans with limited employees. Fewer employees may mean fixed higher expenses, which, if most of the people have large account balances, may not mater much to them. I was hoping TFB...
by Anon1234
Sun Jan 17, 2016 7:29 pm
Forum: Personal Finance (Not Investing)
Topic: Megacorp using Master Trust, High fee 401k plan. Why?
Replies: 20
Views: 1093

Re: Megacorp using Master Trust, High fee 401k plan. Why?

If all you have are stats for the entire Master Trust then you should focus on the one for "OLD NAVY", i.e. how many participants and how many assets. It may have many small accounts with lots of turnover of participants so get charged more to cover those costs. Neither Brightscope or DOL...
by Anon1234
Sun Jan 17, 2016 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: Megacorp using Master Trust, High fee 401k plan. Why?
Replies: 20
Views: 1093

Re: Megacorp using Master Trust, High fee 401k plan. Why?

A master trust agreement is used to obtain the greatest cost efficiency by incorporating all of the individual participant accounts under one trust vehicle and using those participants assets to negotiate the lowest fees from custodian, asset management companies, administrative expenses. Given wha...
by Anon1234
Sun Jan 17, 2016 5:43 pm
Forum: Personal Finance (Not Investing)
Topic: Megacorp using Master Trust, High fee 401k plan. Why?
Replies: 20
Views: 1093

Re: Megacorp using Master Trust, High fee 401k plan. Why?

Master trust is the pension fund structure. A master trust is a defined benefit plan. You are not providing enough details on the plan structure to give you a better answer. Approach your benefits department/administrator for a copy of the annual fee disclosure and plan details. Then update your po...
by Anon1234
Sun Jan 17, 2016 5:30 pm
Forum: Personal Finance (Not Investing)
Topic: Megacorp using Master Trust, High fee 401k plan. Why?
Replies: 20
Views: 1093

Re: Megacorp using Master Trust, High fee 401k plan. Why?

The costs charged per plan are affected by many cost variables; assets under custody, securities lending revenues have narrowed over time reducing cost offset, relationship with plan administrator may affect level of plan charges. As you say $2bn in assets is not that large for a mega Corp. A typic...
by Anon1234
Sun Jan 17, 2016 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: Megacorp using Master Trust, High fee 401k plan. Why?
Replies: 20
Views: 1093

Re: Megacorp using Master Trust, High fee 401k plan. Why?

Megacorp where I have my plan is/was a company of about 100,000 employees but has $20B in the plan, more or less. I understand the plan costs are about 0.15% which is about $300/person. Your plan wants $700/person times 70,000 or $49M which is about 2.5%. So the cost per person is about double but ...
by Anon1234
Sun Jan 17, 2016 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: Megacorp using Master Trust, High fee 401k plan. Why?
Replies: 20
Views: 1093

Megacorp using Master Trust, High fee 401k plan. Why?

Sorry for the confusing title, I couldn't think of a more clear but still succinct title. Background: I work for a very large US employer with over 100,000 US employees. But my 401k plan has very high fixed fees, almost $700 per year per participant. Funds ERs are low, less than or equal to vanguard...
by Anon1234
Sun Jan 17, 2016 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: W4 question: is 12 allowances OK?
Replies: 10
Views: 755

Re: W4 question: is 12 allowances OK?

All - Thanks for you input. I got it done. I went through the forms. As it turns out, after PEASE I only needed 7 extra allowances (9 total). Hopefully that avoids the "dreaded lock-in letter" :shock: The thought of interacting with the IRS every year and waiting for a response ... fills m...
by Anon1234
Sun Jan 17, 2016 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: W4 question: is 12 allowances OK?
Replies: 10
Views: 755

Re: W4 question: is 12 exemptions OK?

abuss368 wrote:Hi Anon1234,

Read the instructions for the Form W-4. Many years ago I recall that any exemptions over 10 required a letter to the IRS. I am unsure if this has changed over the years.

Best.



Thanks abuss368. I will read it thoroughly.
by Anon1234
Sun Jan 17, 2016 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: W4 question: is 12 allowances OK?
Replies: 10
Views: 755

Re: W4 question: is 12 exemptions OK?

HueyLD wrote:Fill out Form W-4, especially page 2.

https://www.irs.gov/pub/irs-pdf/fw4.pdf


Thank you.

My employer has online W4s, but only the page 1 part. I figured there would be some IRS guidance, but didn't know it was so simple as W4, page 2.
by Anon1234
Sun Jan 17, 2016 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: W4 question: is 12 allowances OK?
Replies: 10
Views: 755

W4 question: is 12 allowances OK?

In 2015 my W2 withholdings were just right, they came in at about 99.5% of tax due. I used the standard deduction and I owe a small amount; the withholdings covered the taxes due on my non W2 income, eg interest income, taxable investment dividends, etc. In 2016 I expect to have about the same incom...
by Anon1234
Thu Nov 19, 2015 12:39 pm
Forum: Personal Consumer Issues
Topic: Are Subarus reliable?
Replies: 81
Views: 5613

Re: Are Subarus reliable?

Can someone speak more to the viability of extrapolating long-term reliability data from the first year of product usage? Even if it's hard data, based on repair statistics, rather than user surveys, and even if it's based on a full 12 months of repair reports, which is a bit of a stretch when you ...
by Anon1234
Thu Nov 19, 2015 12:15 pm
Forum: Personal Consumer Issues
Topic: Are Subarus reliable?
Replies: 81
Views: 5613

Re: Are Subarus reliable?

Consumer Reports predicted that Subaru would be the 5th most reliable brand for 2015. This highlights a common flaw in Consumer Reports' methodology. They're great for reviewing product features, but less great at analyzing long-term value. They are making predictions based on data from consumers w...
by Anon1234
Thu Nov 19, 2015 12:12 pm
Forum: Personal Consumer Issues
Topic: Are Subarus reliable?
Replies: 81
Views: 5613

Re: Are Subarus reliable?

It's 2015. They're releasing a report on reliability of 2015 vehicles. My Boglehead prediction-skepticism senses are tingling. I worked in quality and reliability for my mega corp for 5 years. Sales of 2015 cars is basically done. When measuring reliability you use many correlations. We could predi...
by Anon1234
Thu Nov 19, 2015 11:39 am
Forum: Personal Finance (Not Investing)
Topic: Chase Freedom 10% cash back on Amazon, etc
Replies: 17
Views: 3701

Re: Chase Freedom 10% cash back on Amazon, etc

Thanks for posting this, I hadn't seen it before. Now my comparison shopping becomes a little more valuable, and complex :happy :confused

Here is the link to the chase FAQ: https://creditcards.chase.com/freedom/f ... Textlink_1
by Anon1234
Sat Apr 11, 2015 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: RVU model new hire problem
Replies: 14
Views: 1172

Re: RVU model new hire problem

What a terrible story. I wonder if getting better advice on the initial contract would have helped prevent this. As it turns out, the phrase "and billable by" was added by them during contract negotiations. Originally it said "performed by Physician" period. I had a very expensi...
by Anon1234
Sat Apr 11, 2015 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: RVU model new hire problem
Replies: 14
Views: 1172

Re: RVU model compensation problem

It is not your problem that they couldn't get their act together. It was their fault for scheduling you with patients who you couldn't bill. I am a medical director and would never allow this to happen. You are owed $40,000 and I would make it clear you expect to be paid without further ado. And ye...
by Anon1234
Sat Apr 11, 2015 2:46 pm
Forum: Personal Finance (Not Investing)
Topic: RVU model new hire problem
Replies: 14
Views: 1172

RVU model new hire problem

Hi Bogleheads - I want to get your input on my situation regarding physician compensation. I underlined the parts I think are most important. Last year I changed jobs and the new job is based has an RVU compensation model. Getting paid this way allowed me to work less than others in my group, and th...
by Anon1234
Sun Mar 08, 2015 1:55 am
Forum: Personal Finance (Not Investing)
Topic: How to Hold CPA Accountable for Negligence
Replies: 36
Views: 3867

Re: How to Hold CPA Accountable for Negligence

How much cost/fees/interest/penalties are we talking about? I think you should mitigate the damages much as possible and as soon as possible. It's easier to avoid damages than to recoup them. If that means switching accountants, then do that asap. Maybe have a consultation with another accountant to...
by Anon1234
Sun Mar 08, 2015 1:34 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Doctors: 2015 checkup, please
Replies: 2
Views: 818

Re: Portfolio Doctors: 2015 checkup, please

First, I wanted to compliment you. If you have only been saving since 2011 you are definitely firing on all cylinders now. Good work. 1) After tax contributions are OK, as long as the pay raise and loss of the deduction don't push you into the 25% tax bracket. I doubt you'll be in the 25% bracket in...
by Anon1234
Sun Mar 08, 2015 1:17 am
Forum: Personal Consumer Issues
Topic: Home buying costs?
Replies: 2
Views: 552

Re: Home buying costs?

Talk to a mortgage broker/banker (ask for a Truth In Lending statement). Talk to your agent about inspections and costs. There may be some overlap in the advice they give you.
by Anon1234
Sun Mar 08, 2015 1:05 am
Forum: Personal Finance (Not Investing)
Topic: Source of funds to pay taxes for a minor
Replies: 6
Views: 503

Re: Source of funds to pay taxes for a minor

I cannot imagine them tracking down that $10. If you want to account for it, it is definitely a 2015 gift, not 2014.
by Anon1234
Sun Mar 08, 2015 12:53 am
Forum: Personal Finance (Not Investing)
Topic: Disability insurance + life coverage
Replies: 2
Views: 377

Re: Disability insurance + life coverage

Dear BHers: rough rules of thumb here? I'll tell you how I chose my insurance. I won't enshrine my method as a rule of thumb though. - disability insurance: i.e. what % of base (or total) compensation, at what point it kicks in (i.e. after 60-90 days or when company sponsored STD phases out), and f...
by Anon1234
Sat Mar 07, 2015 11:43 pm
Forum: Personal Finance (Not Investing)
Topic: Is there a wills/trust/estate planning forum you'd recommend
Replies: 4
Views: 886

Re: Is there a wills/trust/estate planning forum you'd recom

Ybsybs wrote:Posting to track this thread in case there's an answer.
Ybsybs,
After 4 years on this forum, last week I found the "Subcribe Topic" link which is at the bottom of every thread, just below the "WHO IS ONLINE." I thought I'd pass it on.
by Anon1234
Sat Mar 07, 2015 11:37 pm
Forum: Personal Finance (Not Investing)
Topic: How to get started on a Trust/Will?
Replies: 27
Views: 2884

Re: How to get started on a Trust/Will?

we are completely new to estate planning and all the pieces of the puzzle we need to think of. Any advice is greatly appreciated. Oneleaf, you sound more than "completely new," you have definitely graduated to the "know enough to be dangerous" level :wink: In my own planning, th...
by Anon1234
Sat Mar 07, 2015 11:14 pm
Forum: Investing - Help with Personal Investments
Topic: Short-Term HSA investment for expected medical expense
Replies: 2
Views: 364

Re: Short-Term HSA investment for expected medical expense

Hi Brett, Welcome to Bogleheads. I think your situation is cut-n-dry. Savings for short term expenses call for short term investments. Option 1 is the only prudent choice. In your situation the benefit of the HSA is the deduction from federal taxable income, not the investment returns. Good luck, Anon
by Anon1234
Fri Mar 06, 2015 4:54 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio help - Windfall 1.5M to 5M
Replies: 19
Views: 4381

Re: Portfolio help - Windfall 1.5M to 5M

The big question I am still wrestling with is to continue to slice and dice or keep my existing holdings, but for the windfall money, settle into a simpler 3 fund portfolio. Mammonman, I was reading another thread, and I saw a quote from one of my favorite posters, Simplegift. I thought I'd copy it...
by Anon1234
Fri Mar 06, 2015 12:43 am
Forum: Personal Consumer Issues
Topic: Mac reliability?
Replies: 89
Views: 5778

Re: Mac reliability?

Mac software is more reliable. Spinning Pinwheel of Death happens far less frequently than Blue Screen of Death, in my experience. I use Mac at home (since 2009) and Windows at home and work (since about 1990). I even skipped the "bad" Windows ME, Vista, and 8.
by Anon1234
Fri Mar 06, 2015 12:23 am
Forum: Personal Finance (Not Investing)
Topic: Loaning a Friend Money for Downpayment
Replies: 20
Views: 1765

Re: Loaning a Friend Money for Downpayment

See White Coat Investor's "Stupid Doctor Tricks" items 4) 10) and 11) plus his comments below number 12). http://whitecoatinvestor.com/stupid-doctor-tricks-part-4-money-mistakes-and-the-doctors-who-make-them/ For your friend: Reason #1 why residents shouldn't buy a house: You don't have a ...
by Anon1234
Wed Mar 04, 2015 10:35 pm
Forum: Personal Finance (Not Investing)
Topic: Wife tired of saving...
Replies: 203
Views: 24557

Re: Wife tired of saving...

Our money is together....we just dump it together regardless who earns it. Because a car is a big purchase, it requires discussion and approval of each other. Its an understanding and respect we have built over 16 years together. You have the right attitude. Have you and wife talked through the &qu...
by Anon1234
Tue Mar 03, 2015 11:51 pm
Forum: Investing - Help with Personal Investments
Topic: 66 year old needs assistance
Replies: 10
Views: 1746

Re: 66 year old needs assistance

I wonder if the posting by Anon1234 suggests a sticky on how to post advice as a follow on to the sticky on how to post a request for advice :happy Thanks for the compliment. Any idea why OP deleted the OP? I normally don't put in this much effort, but he has clearly paid his fair share of commissi...
by Anon1234
Tue Mar 03, 2015 11:28 pm
Forum: Investing - Help with Personal Investments
Topic: Looking for investment input (mid-40's, dual high income)
Replies: 21
Views: 2655

Re: Looking for 401k investment suggestions

Thanks again for the reply. A couple of questions: 1) You mention a 60/40 stock/bond split. That seems extremely conservative considering that Vanguard's own target retirement funds are closer to 90/10 (2040) or 85/15 (2035). What am I missing? You're right, the 60/40 was just an example. 90/10 or ...
by Anon1234
Tue Mar 03, 2015 3:43 am
Forum: Investing - Help with Personal Investments
Topic: 66 year old needs assistance
Replies: 10
Views: 1746

Re: 66 year old needs assistance

Post 3 : Guidance The first recommendation I have for you is a no-brainer that will reduce your future taxes and increase your after tax earnings. 1A) If you had at least $13,000 in earned, taxable income in 2014 (I think you had over $60,000), you should open 2 Roth IRAs at Vanguard, one each for y...
by Anon1234
Tue Mar 03, 2015 2:38 am
Forum: Investing - Help with Personal Investments
Topic: 66 year old needs assistance
Replies: 10
Views: 1746

Re: 66 year old needs assistance

Post 2 : Analysis I Summarized your portfolio like this: http://i59.tinypic.com/2pyat0j.png I summarized by Annuity status like this http://i58.tinypic.com/34splp2.png I summarized tax status like this http://i60.tinypic.com/wtcetv.png I broke down each account using the morningstar instant x-ray to...
by Anon1234
Tue Mar 03, 2015 2:12 am
Forum: Investing - Help with Personal Investments
Topic: 66 year old needs assistance
Replies: 10
Views: 1746

Re: 66 year old needs assistance

Hi MerryMonk - I'm going to post in 3 parts. This first post is questions. The 2nd one will be analysis, and the 3rd one will be guidance. Questions for you 1) Income. You listed your current income: Net $4000. You also listed "Her Retirement" with "$3800 per month" and " So...
by Anon1234
Mon Mar 02, 2015 11:02 pm
Forum: Personal Consumer Issues
Topic: HR Block Backup (on Mac)
Replies: 2
Views: 351

Re: HR Block Backup (on Mac)

Thanks Jim. The reason I used the HR Block tool is because it creates a .dmg of the software, including the federal and state update packages. I have the .T14 file and the .pdf files backed up, and I can make a disc image of those. But, I don't know how to make a disk image of the HRB software, incl...
by Anon1234
Mon Mar 02, 2015 8:33 pm
Forum: Investing - Help with Personal Investments
Topic: Looking for investment input (mid-40's, dual high income)
Replies: 21
Views: 2655

Re: Looking for 401k investment suggestions

I currently don't think too much about "retiring" in the old sense of the word. I'm an entrepeneur at heart, and also think that I'd be bored if I fully "retired." If I can't switch over to a business of my own prior to the typical retirement age, I expect that I'll start doing ...
by Anon1234
Mon Mar 02, 2015 4:48 pm
Forum: Personal Consumer Issues
Topic: HR Block Backup (on Mac)
Replies: 2
Views: 351

HR Block Backup (on Mac)

I filed my taxes using 2014 HR Block Deluxe with State downloaded software from Amazon. I received my refund. Now I want to Backup my file using the HR Block Disk Image backup. The software runs through the process, no errors created, but also no .dmg created. Anyone else having trouble, or get it t...
by Anon1234
Sat Feb 28, 2015 12:08 am
Forum: Personal Finance (Not Investing)
Topic: Funding a big home remodel
Replies: 7
Views: 846

Re: Funding a big home remodel

I haven't spoken to a lender yet but several list 90% LTV. If your house is $200k and you have $50k cash, why not a $150k home equity loan, or a cash out $150k mortgage? You don't need 90% LTV, just 75% (150/200). I think a local bank would understand what you are doing and help you find the right ...
by Anon1234
Fri Feb 27, 2015 11:47 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford my dream house?
Replies: 49
Views: 5131

Re: Can I afford my dream house?

It is a dilemma in the close in MD/VA suburbs. If you want some encouragement, many of your neighbors in the 1.5-2MM houses are in worse shape than you. You expect to make 500k per year and are, outside of savings and housing, spending 60k per year? That's great-you're neighbors are spending more. ...
by Anon1234
Fri Feb 27, 2015 11:29 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford my dream house?
Replies: 49
Views: 5131

Re: Can I afford my dream house?

If the $30k /month income is secure, I say go for it. 28% of that would be $8,400 / month that you could spend on mortgage or PITI. Sure 28% is a lot for Boglehead standards, probably not a lot for national HCOL standards. Another possibility would be to spend $1.3M and get a great location with th...
by Anon1234
Fri Feb 27, 2015 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: I survived my initial performance improvement mtg. Now what?
Replies: 33
Views: 5347

Re: I survived my initial performance improvement mtg. Now w

To sum it up, my action plan is that I need to spend more time with employees in the field. Like a lot more time. During this time, I need to get each employees buy-in and their 100% to-the-edge-of-the-earth and back commitment to the company. I need to do this by being a super-awesome employee-foc...
by Anon1234
Fri Feb 27, 2015 6:45 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford my dream house?
Replies: 49
Views: 5131

Re: Can I afford my dream house?

I'm still trying to figure out how someone can spend $5000 on food, gas and utilities every month... :confused It's not hard. last month: $1100 shopping and short term (vacation) savings. $1000 kid afterschool activities, piano lessons. $900 groceries, $840 for water+gas+eletric+phone+internet+tras...
by Anon1234
Fri Feb 27, 2015 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford my dream house?
Replies: 49
Views: 5131

Re: Can I afford my dream house?

Based on your feedback, I reduced my maximum home price to 1.575M. I created this new Home Buying Policy Statement.
Image

Refer to the UPDATED original post to see how I calculated this.
by Anon1234
Fri Feb 27, 2015 5:52 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford my dream house?
Replies: 49
Views: 5131

Re: Can I afford my dream house?

I can't view the income and asset charts you posted, but from the discussion it sounds like you can afford this purchase - particularly if we assume you'll downsize in 10-15 years and replenish your portfolio with the home equity. Obviously you *could* get by with much less, but that isn't your que...

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