Search found 249 matches

by Chicago60
Fri Jan 20, 2017 11:20 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard vs. Fidelity [Customer Service Reputation]
Replies: 73
Views: 5239

Re: Vanguard vs. Fidelity [Customer Service Reputation]

Love Vanguard's fund selections and the website is very fine by me. But the customers service...night vs day relative to Fidelity's. I agree completely. I have had an account at Fidelity for 10 years. Never a problem or issue. I opened a Roth401K last summer at Vanguard for my individual 401K. (Fid...
by Chicago60
Fri Jan 20, 2017 11:08 am
Forum: Personal Finance (Not Investing)
Topic: ok to pull plug and retire?
Replies: 52
Views: 7272

Re: ok to pull plug and retire?

Great link, Livesoft. Thank you. Bookmarked. I'm sorry a few of you take this as bragging. It is really not my purpose. From the survey it's pretty clear at least a few folks have significantly more than I. But I do appreciate that you feel I am humble. I do feel blessed for many reasons. Retiremen...
by Chicago60
Thu Jan 19, 2017 2:38 pm
Forum: Investing - Theory, News & General
Topic: Y2k retiree how is s/he holding up after 2016
Replies: 26
Views: 3855

Re: Y2k retiree how is s/he holding up after 2016

livesoft wrote:The following may interest readers of this thread.
Case Study 2000-2016

Interesting, indeed. Thanks.
by Chicago60
Thu Jan 19, 2017 2:30 pm
Forum: Investing - Help with Personal Investments
Topic: HSA Suggestions: where?
Replies: 20
Views: 1618

Re: HSA Suggestions: where?

Thanks for the responses; very much appreciated. I did further research and discovered I can invest in Vanguard 500 through Fifth Third where I currently hold my HSA account, with somewhat reasonable fees. I likely will stay put.
by Chicago60
Thu Jan 12, 2017 10:49 pm
Forum: Investing - Help with Personal Investments
Topic: HSA Suggestions: where?
Replies: 20
Views: 1618

Re: HSA Suggestions: where?

Excellent resources, thanks to all. I should have mentioned I am a sole proprietor, so I am my employer.
by Chicago60
Thu Jan 12, 2017 8:42 pm
Forum: Investing - Help with Personal Investments
Topic: HSA Suggestions: where?
Replies: 20
Views: 1618

HSA Suggestions: where?

I have now funded 3 years' worth of HSA at $7,750 per year with a balance now over 20K at Fifth Third bank, which is paying virtually no interest. No investment options, but also no fees at all. I rather move the funds and invest them for 8+ years until I use the balance to begin paying Medicare sup...
by Chicago60
Thu Jan 12, 2017 8:33 pm
Forum: Personal Finance (Not Investing)
Topic: [Redemptions missing from Treasury Direct Account]
Replies: 20
Views: 1050

Re: Fraud in Treasury Direct Account

Thank you for the compassion. What's most concerning is they were not small numbers like 20K &15K. I guess I didn't like the 1.1%yield. This will take me while to live down and think about how to handle future investments. At least, I started Target retirement fund for large part of IRAs earlie...
by Chicago60
Mon Jan 09, 2017 2:43 pm
Forum: Investing - Theory, News & General
Topic: No Vanguard Customer Support on weekends
Replies: 55
Views: 4132

Re: No Vanguard Customer Support on weekends

As I recall when I researched last summer, FIDO would not allow me to open an individual 401K with a ROTH component.
by Chicago60
Sun Jan 08, 2017 4:10 pm
Forum: Investing - Theory, News & General
Topic: No Vanguard Customer Support on weekends
Replies: 55
Views: 4132

Re: No Vanguard Customer Support on weekends

Yet another example of poor customer service: In 2016, I opened by individual Roth 401K with Vanguard. I then decided to fund my traditional 401K and contacted Vanguard by telephone just before Christmas to open that account, and fund before year-end (I know I did not need to fund by 12/31, but that...
by Chicago60
Wed Dec 21, 2016 6:51 pm
Forum: Investing - Help with Personal Investments
Topic: Makes No Sense to Contribute to 401K, right?
Replies: 20
Views: 2551

Re: Makes No Sense to Contribute to 401K, right?

If you get rid of your entire traditional IRA by converting it to a Roth (or by rolling it into an employer plan), you may be able to contribute to a backdoor Roth IRA. Not possible, but thanks for the thought. My IRA is at $2 million. Hence, why I want to begin converting to Roth IRA up to the top...
by Chicago60
Wed Dec 21, 2016 6:47 pm
Forum: Investing - Help with Personal Investments
Topic: Makes No Sense to Contribute to 401K, right?
Replies: 20
Views: 2551

Re: Makes No Sense to Contribute to 401K, right?

It's not a huge difference, but if the OP is in Illinois (guessing based on username) he or she will save Illinois income tax by deducting 30k of income and then converting 30k of tIRA to Roth. Illinois does not charge income tax on IRA withdrawals, and Roth conversions are treated as withdrawals. ...
by Chicago60
Wed Dec 21, 2016 6:45 pm
Forum: Investing - Help with Personal Investments
Topic: Makes No Sense to Contribute to 401K, right?
Replies: 20
Views: 2551

Re: Makes No Sense to Contribute to 401K, right?

pkcrafter wrote:
opened a Roth 401K at Vanguard for 24K

Was this a conversion? You didn't contribute 24k in a single year to a new Roth, did you? Sorry, have to ask just to clarify.

Paul


Not a conversion, and yes, I opened a Roth 401K in 2016 as the employee part of the 401K. I am over the age of 50.
by Chicago60
Wed Dec 21, 2016 4:43 pm
Forum: Investing - Help with Personal Investments
Topic: Makes No Sense to Contribute to 401K, right?
Replies: 20
Views: 2551

Re: Makes No Sense to Contribute to 401K, right?

OP is talking about ROTH 401k and not trad 401k. OP was talking about opening a new 401K in addition to his Roth 401k. OP can chime in and clarify if I've misread things. Precisely. I opened my employee-portion Roth 401K earlier in the year, and the question is whether to fund the employer portion ...
by Chicago60
Wed Dec 21, 2016 4:41 pm
Forum: Investing - Help with Personal Investments
Topic: Makes No Sense to Contribute to 401K, right?
Replies: 20
Views: 2551

Re: Makes No Sense to Contribute to 401K, right?

Thanks for the reply, but I am not sure you answered my inquiry. If I added 30K to the 401K, then my income will be reduced by that same 30K. And, I will have 30K more space within the 28% tax bracket to convert from my tIRA to Roth. Won't the net effect be the same? From a tax liability point of v...
by Chicago60
Tue Dec 20, 2016 8:02 pm
Forum: Investing - Help with Personal Investments
Topic: Makes No Sense to Contribute to 401K, right?
Replies: 20
Views: 2551

Re: Makes No Sense to Contribute to 401K, right?

I am paying the federal tax rate of 28% regardless, no?
by Chicago60
Tue Dec 20, 2016 4:43 pm
Forum: Investing - Help with Personal Investments
Topic: Makes No Sense to Contribute to 401K, right?
Replies: 20
Views: 2551

Re: Makes No Sense to Contribute to 401K, right?

Watty wrote:For every $1,000 you contributed to the 401k couldn't you convert an additional $1000 to the Roth?


I think so, exactly. So, if I am not saving social security and medicare taxes by adding to a 401K, then I should simply NOT contribute to the 401K and use the extra space converting.
by Chicago60
Tue Dec 20, 2016 4:34 pm
Forum: Investing - Help with Personal Investments
Topic: Makes No Sense to Contribute to 401K, right?
Replies: 20
Views: 2551

Re: Makes No Sense to Contribute to 401K, right?

Thanks for the reply, but I am not sure you answered my inquiry. If I added 30K to the 401K, then my income will be reduced by that same 30K. And, I will have 30K more space within the 28% tax bracket to convert from my tIRA to Roth. Won't the net effect be the same?
by Chicago60
Tue Dec 20, 2016 4:25 pm
Forum: Investing - Help with Personal Investments
Topic: Makes No Sense to Contribute to 401K, right?
Replies: 20
Views: 2551

Makes No Sense to Contribute to 401K, right?

I am a sole proprietor with no employees. Assume 100K of sole proprietor income in 2016 after all expenses. Also assume another 100K of income from interest, dividends, and capital gains. I already opened a Roth 401K at Vanguard for 24K (over 50 years old) and was contemplating contributing to the e...
by Chicago60
Sun Nov 20, 2016 9:03 am
Forum: Local Chapters and Bogleheads Community
Topic: Valuethinker has surpassed 30,000 posts
Replies: 39
Views: 3510

Re: Valuethinker has surpassed 30,000 posts

livesoft wrote:Kudos to Valuethinker. I wish he would post more.

Ha. Indeed. Not many can credibly make that claim.
by Chicago60
Thu Nov 17, 2016 11:14 am
Forum: Investing - Help with Personal Investments
Topic: Strategy for TLH Munis in Taxable?
Replies: 37
Views: 3408

Re: Strategy for TLH Munis in Taxable?

I bought in July at $14.54, and it closed yesterday at $13.99--a 3.78% drop in under 4 months, with a loss of 2.4% in less than the last two weeks. For a very safe Muni Bond fund, that might be fairly characterized as a killing. But, this is just a portion of my overall portfolio, and my stock paper...
by Chicago60
Sun Nov 13, 2016 10:53 am
Forum: Personal Consumer Issues
Topic: paying medical premium with credit card
Replies: 16
Views: 1483

Re: paying medical premium with credit card

Blue Cross Blue Shield of Illinois stopped accepting credit card payments at some point earlier this year. So, I "prepaid" about 6 months worth of premiums on my credit card to take advantage of the points before the policy change went into effect, but that is no help for my 2017 payments.
by Chicago60
Tue Nov 08, 2016 4:32 pm
Forum: Investing - Help with Personal Investments
Topic: Investing as an Accredited Investor: Is it worth it?
Replies: 16
Views: 2390

Re: Investing as an Accredited Investor: Is it worth it?

So I am an "accredited investor". Big deal. There are probably another 10,000 or so other Bogleheads in the same category - and I haven't seen many waxing enthusiastic about their crowd-funding deals. Total Stock Market, Total International Stock Market and a variety of bonds funds work f...
by Chicago60
Sat Nov 05, 2016 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: Frustrated with Health Insurance Premiums for 2017
Replies: 79
Views: 6561

Re: Frustrated with Health Insurance Premiums for 2017

The same goes with doctors. Sometimes people die or aren't healed. Sometimes the doctor did what any reasonable doctor would and still loses the lawsuit. Doctors are no better or different than other professionals. The overwhelming majority are good. But when a doctor, like any professional, errors...
by Chicago60
Sat Nov 05, 2016 1:39 pm
Forum: Personal Finance (Not Investing)
Topic: Frustrated with Health Insurance Premiums for 2017
Replies: 79
Views: 6561

Re: Frustrated with Health Insurance Premiums for 2017

Humans are all different and can respond differently to drugs and treatments. We can make the trials extremely vigorous. This will take much longer and cost much more. Sure, this is true. And, consequently, no class action would ever be certified by the Court if the basis of the claim is that the d...
by Chicago60
Sat Nov 05, 2016 8:49 am
Forum: Personal Finance (Not Investing)
Topic: Frustrated with Health Insurance Premiums for 2017
Replies: 79
Views: 6561

Re: Frustrated with Health Insurance Premiums for 2017

Another reason they are higher is lawsuits. I see commercials for drug/medical device class action lawsuits all the time on TV. If they are advertising, you can bet it is lucrative. You don't have people winning $50 million settlements over approved drugs in Canada or most other countries. I am not...
by Chicago60
Wed Oct 05, 2016 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: Securities litigation notice
Replies: 14
Views: 1709

Re: Securities litigation notice

Hi Copernicus, I also received the same forms. Looks like for each batch of shares involved, we'll have to provide documents. That's a lot of work. As a comparison, I didn't do any work and received a whopping $2 ($1.74 to be exact) from the Janus lawsuit (for the thousands of dollars I lost under ...
by Chicago60
Tue Oct 04, 2016 6:26 pm
Forum: Personal Finance (Not Investing)
Topic: Securities litigation notice
Replies: 14
Views: 1709

Re: Securities litigation notice

The Notice is most likely legitimate, but I cannot determine that from what you posted. If you provide the case caption (names of the parties, the case number, and the court where the case is pending--all of which will be on the first page), I can give you a definitive answer. I am wondering whethe...
by Chicago60
Tue Oct 04, 2016 9:21 am
Forum: Personal Consumer Issues
Topic: Credit cards that have annual fee's, do you have any?
Replies: 55
Views: 4158

Re: Credit cards that have annual fee's, do you have any?

Can you upgrade to the Reserve card if you have the Preferred? Was there a sign on bonus when you applied? My Preferred card gave me 50,000 points (I believe) when I signed on. Yes, but don't. :) 100k point bonus on the Reserve Wow, that's a lot. Nope, I won't "upgrade". The Reserve card ...
by Chicago60
Tue Oct 04, 2016 9:14 am
Forum: Personal Finance (Not Investing)
Topic: Securities litigation notice
Replies: 14
Views: 1709

Re: Securities litigation notice

Received a mailing stating that I should fill out a form to qualify. Can anyone comment on how to assess authenticity of mailing, and whether it is a good idea to send information in the form? Thanks. Details: Pfizer securities litigation settlement c/o Garden city group, LLC in Dublin, OH There ar...
by Chicago60
Sun Sep 25, 2016 11:23 am
Forum: Personal Consumer Issues
Topic: yahoo class action email suit
Replies: 13
Views: 1297

Re: yahoo class action email suit

A case has been filed: Schwartz v. Yahoo Inc., 16-cv-05456 (N.D. Cal.), was filed in the United States District Court for the Northern District of California. You are free to see what damages have been alleged on behalf of the class.
by Chicago60
Sun Sep 25, 2016 9:36 am
Forum: Personal Consumer Issues
Topic: Chicago Food/Restaurant Recommendations
Replies: 60
Views: 4024

Re: Chicago Food/Restaurant Recommendations

When you are in Chicago, visit The Second City. They are running a show "The Best of the Second City" with some tickets still available for the 3rd and 8th of October. That would have been my first choice, but it's not available on my preferred date. I'll probably go to see "The Seco...
by Chicago60
Sun Sep 25, 2016 7:39 am
Forum: Personal Consumer Issues
Topic: yahoo class action email suit
Replies: 13
Views: 1297

Re: yahoo class action email suit

OP: I would be surprised if a class action doesn't get filed, if not already filed. Class members have been damaged in innumerable ways. After the lawsuit has been filed, it will take a number of months, more likely longer, for the judge assigned to the case to decide whether, under the circumstance...
by Chicago60
Sun Sep 25, 2016 7:30 am
Forum: Personal Finance (Not Investing)
Topic: Uncovered MF Shares at Vanguard
Replies: 18
Views: 1911

Re: Uncovered MF Shares at Vanguard

OP: If you have copies of your old tax returns, the dollar amounts of reinvested dividends for each fund per year will be listed as you received and reported (and paid taxes) on those amounts. If you decide to sell an entire fund, your total invested amount plus the reinvested dividends totaled for ...
by Chicago60
Thu Sep 22, 2016 3:31 pm
Forum: Personal Consumer Issues
Topic: Chicago Food/Restaurant Recommendations
Replies: 60
Views: 4024

Re: Chicago Food/Restaurant Recommendations

There are quite a few Chicago restaurant institutions--Manny's Deli on S. Jefferson Street, Lou Mitchell's on W. Jackson, The Berghoff on Adams, Billy Goat on lower Michigan Ave--that will give you a flavor of what working class and ethnic Chicago was like 50 or 60 years ago, before it became the &...
by Chicago60
Thu Sep 22, 2016 9:02 am
Forum: Personal Consumer Issues
Topic: Chicago Food/Restaurant Recommendations
Replies: 60
Views: 4024

Re: Chicago Food/Restaurant Recommendations

Excellent suggestions above, and you cannot go wrong with almost any of them. I could add 50 more in the River North, Streeterville, Gold Coast area, but you really cannot go wrong with the above suggestions. I write for two reasons: If you want deep dish pizza, do not go to Giordano's. The lines ar...
by Chicago60
Fri Sep 09, 2016 7:56 am
Forum: Personal Finance (Not Investing)
Topic: Sole Proprietor 401K and Tax Questions
Replies: 9
Views: 809

Re: Sole Proprietor 401K and Tax Questions

Spirit Rider wrote:Wait a minute, what do you mean by this.


What I meant by that is lines 4 and 5 (I think) from Schedule SE of my 1040. I did not, and do not, pay myself W-2 wages. Thanks for the question, and concern.
by Chicago60
Thu Sep 08, 2016 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: Sole Proprietor 401K and Tax Questions
Replies: 9
Views: 809

Re: Sole Proprietor 401K and Tax Questions

I don't think you will find anything on the IRS website, because there is no difference between a sole proprietor and the individual taxpayer. They are one and the same, for the purposes of a 401k you are both employer and employee. Here is a relevant reference in 401(c)(5) 26 U.S. Code Ā§ 401 - Qua...
by Chicago60
Wed Sep 07, 2016 5:49 pm
Forum: Personal Finance (Not Investing)
Topic: Sole Proprietor 401K and Tax Questions
Replies: 9
Views: 809

Re: Sole Proprietor 401K and Tax Questions

Thanks, Paddy. That was my assumption, but I could not find an answer on the IRS website, and was hoping for something more authoritative and definitive.
by Chicago60
Wed Sep 07, 2016 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: Sole Proprietor 401K and Tax Questions
Replies: 9
Views: 809

Sole Proprietor 401K and Tax Questions

This is my first year with a 401K through my sole proprietorship, which I opened solely to take advantage of the ability to contribute to a Roth 401K since I intended to not add to my tax favored accounts, and intended to begin conversions of a sizeable tIRA to a Roth IRA. I now am questioning the w...
by Chicago60
Sat Sep 03, 2016 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: Help with potential lawsuit
Replies: 32
Views: 3011

Re: Help with potential lawsuit

[ Nope, not settled by any means. I am sorry to inform you but the letter may be meaningless. Your insurance company supposedly did its own investigation and (not surprisingly) concluded the other driver was responsible for the accident (which seems inconsistent with the facts in the opening post--...
by Chicago60
Sat Sep 03, 2016 10:06 am
Forum: Personal Finance (Not Investing)
Topic: Help with potential lawsuit
Replies: 32
Views: 3011

Re: Help with potential lawsuit

You say "everything was settled months ago", but that the other driver is now claiming personal injury. In what way was it "settled?" Did your insurance company pay the other driver for either damage to his vehicle, or his personal injuries, or both? If so, did the insurance com...
by Chicago60
Sat Sep 03, 2016 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Unethical to chase transfer bonuses?
Replies: 52
Views: 4179

Re: Unethical to chase transfer bonuses?

Maybe you are old and cheap, but what does that have to do with the ethics of your question? If you are simply complying with the rules provided, I see nothing unethical about moving your investments around to take advantage of bonus offers. These companies know a certain percentage of people will d...
by Chicago60
Sat Sep 03, 2016 9:47 am
Forum: Personal Finance (Not Investing)
Topic: Help with potential lawsuit
Replies: 32
Views: 3011

Re: Help with potential lawsuit

You say "everything was settled months ago", but that the other driver is now claiming personal injury. In what way was it "settled?" Did your insurance company pay the other driver for either damage to his vehicle, or his personal injuries, or both? If so, did the insurance comp...
by Chicago60
Fri Sep 02, 2016 1:09 pm
Forum: Personal Consumer Issues
Topic: Can company convert to auto renewal without your permission?
Replies: 13
Views: 1171

Re: Can company convert to auto renewal without your permission?

Received my yearly bill for service contract for furnace and hot water heater repairs. In past years I always paid with a check. The last few years I've been debating if I should renew or not. This year the renewal letter said "for my convenience" on Oct 1st of each year they will automat...
by Chicago60
Thu Sep 01, 2016 2:57 pm
Forum: Investing - Help with Personal Investments
Topic: Can I Retire Early? Roth Conversion?
Replies: 21
Views: 3900

Re: Can I Retire Early? Roth Conversion?

Generally converting your tIRA to a Roth now is not a good idea if your current tax rate is higher than your expected tax rate in retirement.
by Chicago60
Thu Sep 01, 2016 2:53 pm
Forum: Investing - Help with Personal Investments
Topic: Investing for kids future
Replies: 10
Views: 968

Re: Investing for kids future

You may want to look into 529 plans for their expected college costs. You can invest their money and you can add to it. Depending on where you live, you may also receive a state tax deduction.
by Chicago60
Mon Aug 29, 2016 11:53 pm
Forum: Investing - Help with Personal Investments
Topic: Suggestion for CD
Replies: 5
Views: 665

Re: Suggestion for CD

The best site I know of for CD suggestions is https://www.depositaccounts.com/blog/
You can search for whatever term your heart desires.
by Chicago60
Mon Aug 29, 2016 6:19 pm
Forum: Personal Consumer Issues
Topic: Selling house to our real estate agent - issues
Replies: 23
Views: 2835

Re: Selling house to our real estate agent - issues

Two Issues here: financial and legal. For the financial, how long was the house on the market before the agent made the offer, and how many showings and offers, if any, were there? It may very well be that the agent's offer is competitive and fair if the house had showings or offers but minimal inte...
by Chicago60
Fri Aug 26, 2016 8:46 am
Forum: Personal Finance (Not Investing)
Topic: Hiring a Family Law / Divorce Attorney
Replies: 6
Views: 762

Re: Hiring a Family Law / Divorce Attorney

What criteria are important when selecting a divorce attorney? ... Does the prestige of the attorney impact the behavior of opposing counsel? For example, if one attorney is head of the local Bar Association might the performance of the other attorney be more deferential? Not in my experience, alth...

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