Search found 2931 matches

by Earl Lemongrab
Thu Nov 23, 2017 11:39 am
Forum: Personal Finance (Not Investing)
Topic: Did you tell anyone you paid off your mortgage?
Replies: 337
Views: 36211

Re: Did you tell anyone you paid off your mortgage?

abuss368 wrote:
Thu Nov 23, 2017 10:53 am
Times have changed and I am not so sure for the better. Paying of your mortgage and owning a home debt free is a huge and significant financial milestone.
Is it? It might be a significant emotional milestone for some people, but with current interest rates it's not much of a financial one.
by Earl Lemongrab
Thu Nov 23, 2017 11:31 am
Forum: Investing - Theory, News & General
Topic: Improving the TSP [for current participants]
Replies: 209
Views: 34979

Re: Improving the TSP [for current participants]

2. The inability to hold Roth TSP assets in different funds and in different proportions than regular TSP funds; and I think you mean inability to invest Roth and traditional contributions differently at the same time. I don't think a lot of other plans offer that, I know the Megacorp 401(k) does n...
by Earl Lemongrab
Thu Nov 23, 2017 11:26 am
Forum: Investing - Help with Personal Investments
Topic: Slice and Dice
Replies: 36
Views: 2422

Re: Slice and Dice

Earl: Distinct funds (and individual stocks). Looks like 16 ETFs and funds on the stock side. I have some shares of Megacorp stock that they gave us in a profit-sharing program from years back. I don't even have those in the asset allocation spreadsheet, although I probably should. Actually I shoul...
by Earl Lemongrab
Thu Nov 23, 2017 11:14 am
Forum: Investing - Help with Personal Investments
Topic: Safe investments for a declining market
Replies: 19
Views: 2973

Re: Safe investments for a declining market

You can "roll it over" to another 401k if you take that 10 percent hit.. I wasn't trying to pull it out of a tax deferred account. Just move it to another one with vanguard... But it doesn't matter it's not worth the hit anyway. Thanks for all the replies. This is a great forum and I have lots to l...
by Earl Lemongrab
Thu Nov 23, 2017 1:29 am
Forum: Investing - Help with Personal Investments
Topic: Safe investments for a declining market
Replies: 19
Views: 2973

Re: Safe investments for a declining market

From what you described, that is an active 401(k) and you are 37. So the law prohibits taking that money out unless it's for a hardship, so you couldn't roll it over even if you wanted to. The 10% would be the tax penalty, not a fee from the plan. I was going to roll it into another 401k or Ira acc...
by Earl Lemongrab
Thu Nov 23, 2017 1:24 am
Forum: Investing - Help with Personal Investments
Topic: Slice and Dice
Replies: 36
Views: 2422

Re: Slice and Dice

Taylor Larimore wrote:
Wed Nov 22, 2017 4:02 pm
Earl:

How many funds do you own? What about bonds/fixed-income?
I'm not sure how to answer the first. Do you mean distinct funds, or including the same fund in different accounts?

As far as fixed income, 20% each in bond index and stable value.
by Earl Lemongrab
Wed Nov 22, 2017 3:34 pm
Forum: Investing - Help with Personal Investments
Topic: Safe investments for a declining market
Replies: 19
Views: 2973

Re: Safe investments for a declining market

bump! I also found out that my company will not allow me to move my money out of mass mutual into vanguard without a 10% fee so its not going anywhere. From what you described, that is an active 401(k) and you are 37. So the law prohibits taking that money out unless it's for a hardship, so you cou...
by Earl Lemongrab
Wed Nov 22, 2017 3:20 pm
Forum: Investing - Help with Personal Investments
Topic: Advice to become wealthy
Replies: 58
Views: 4856

Re: Advice to become wealthy

J295 wrote:
Wed Nov 22, 2017 12:54 am
Own your business.
That's one of the best ways to lose money. The failure rate of start-ups is substantial.
by Earl Lemongrab
Wed Nov 22, 2017 3:00 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard on 2018
Replies: 11
Views: 2071

Re: Vanguard on 2018

Tycoon wrote:
Wed Nov 22, 2017 9:08 am
Predictions are hard.
<yogi>Especially about the future!</yogi>
by Earl Lemongrab
Wed Nov 22, 2017 2:50 pm
Forum: Investing - Help with Personal Investments
Topic: First time investor looking to jump in market but apprehensive with record highs
Replies: 23
Views: 2424

Re: First time investor looking to jump in market but apprehensive with record highs

Another way to look at it is that (in the abstract) for someone who has money in the market, every day that they don't sell is the same as making a lump sum investment of that amount. So in my case each day I invest > 1million in the stock market. Now, it's not quite that simple because of taxes. If...
by Earl Lemongrab
Wed Nov 22, 2017 1:51 pm
Forum: Investing - Help with Personal Investments
Topic: Slice and Dice
Replies: 36
Views: 2422

Re: Slice and Dice

The slicing is less important than the tilts it allows. The research data supports higher expected returns from small and value. My target allocation is: US: Large Cap 20.00% Large Value 10.00% Small Cap 10.00% Small Value 20.00% Real Estate 10.00% Intl: Large Cap 7.50% Large Value 7.50% Small Cap 1...
by Earl Lemongrab
Wed Nov 22, 2017 1:27 pm
Forum: Investing - Help with Personal Investments
Topic: Roth transfer: Wait for December distributions?
Replies: 11
Views: 1008

Re: Roth transfer: Wait for December distributions?

The distributions don't matter. If you want to be at Vanguard and get rid of the fund, just get doing it. As I said, transfer then sell.
by Earl Lemongrab
Wed Nov 22, 2017 1:11 pm
Forum: Investing - Theory, News & General
Topic: Transferring to Vanguard
Replies: 6
Views: 650

Re: Transferring to Vanguard

As you use ETFs, if you have 50k or more Merrill Edge might have been a better option.
by Earl Lemongrab
Wed Nov 22, 2017 1:04 pm
Forum: Investing - Theory, News & General
Topic: Improving the TSP [for current participants]
Replies: 209
Views: 34979

Re: TSP Modernization Act Signed Into Law

VictoriaF wrote:
Tue Nov 21, 2017 7:27 pm
djmbob wrote:
Fri Nov 17, 2017 9:47 pm
Next we we need to be able to make conversions from Traditional TSP to Roth TSP.
Do you know if regular 401(k) plans allow in-plan Roth conversions?
The law allows this feature but does not require it. Megacorp has it.
by Earl Lemongrab
Wed Nov 22, 2017 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: Is a solo-401k worth it?
Replies: 11
Views: 1008

Re: Is a solo-401k worth it?

My advice. Just adopt a prototype one-participant 401k at one of the mainstream providers. Fidelity, Schwab, TD Ameritrade, Vanguard, etc... all have such plans. The OP expressed a desire to have this plan for future rollovers. In that case, and really in any case, Vanguard should not be used. Vang...
by Earl Lemongrab
Wed Nov 22, 2017 11:25 am
Forum: Investing - Help with Personal Investments
Topic: Roth transfer: Wait for December distributions?
Replies: 11
Views: 1008

Re: Roth transfer: Wait for December distributions?

That fund looks to be PRSCX:

https://investor.vanguard.com/mutual-fu ... IntExt=EXT

Not only can you transfer that fund to Vanguard, but it is NTF, meaning no cost to sell. I would transfer in-kind and then sell once it arrived to buy what you want.
by Earl Lemongrab
Tue Nov 21, 2017 5:41 pm
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey says don't use credit cards, even if you pay them off
Replies: 221
Views: 13004

Re: Dave Ramsey says don't use credit cards, even if you pay them off

I favor social-studies findings derived from control experiments over subjective perceptions. Daniel Kahneman uses a concept of What You See Is All There Is (WYSIATI). You notice when you control your spending; you don't notice it when you don't. However. for most Bogleheads, slight overspending wi...
by Earl Lemongrab
Tue Nov 21, 2017 5:18 pm
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey says don't use credit cards, even if you pay them off
Replies: 221
Views: 13004

Re: Dave Ramsey says don't use credit cards, even if you pay them off

Yeah, that's above what they'd be paying in fees. I had a plumber offer me $50 off if I paid in bills instead of check. His reason was that it was Friday and they weren't going to be done until late so this way he could give his guys some cash for the weekend. I had my doubts, but $50 to take a sho...
by Earl Lemongrab
Tue Nov 21, 2017 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey says don't use credit cards, even if you pay them off
Replies: 221
Views: 13004

Re: Dave Ramsey says don't use credit cards, even if you pay them off

I have a local restaurant that gives a 10% discount for cash. Whether they are paying sales/business income tax on that cash I guess is for them to know and the state government to find out. Yeah, that's above what they'd be paying in fees. I had a plumber offer me $50 off if I paid in bills instea...
by Earl Lemongrab
Tue Nov 21, 2017 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey says don't use credit cards, even if you pay them off
Replies: 221
Views: 13004

Re: Dave Ramsey says don't use credit cards, even if you pay them off

That’s because it’s a myth that cash transactions are free to the merchant. Places like Target have to worry about theft (by employees and off the street thieves), lost money, miscounted change, counterfeit bills, and paying people to travel to the bank with the money. Sheriffs can also levy on a s...
by Earl Lemongrab
Tue Nov 21, 2017 3:53 pm
Forum: Personal Consumer Issues
Topic: Uber for someone who knows only taxis
Replies: 89
Views: 4671

Re: Uber for someone who knows only taxis

One thing I found out with Uber is that you can sign up, get the app, verify your account and all that with a Google Voice number. You can't order a car though.
by Earl Lemongrab
Tue Nov 21, 2017 3:52 pm
Forum: Personal Consumer Issues
Topic: Tipping contractors?
Replies: 15
Views: 1132

Re: Tipping contractors?

Not only no, but hellno. Once I have negotiated the price that's it. How does tipping get worked into so many financial transactions? Does my Flagship rep expect a tip? Yeah, I don't understand the move to extend tipping. Often the response here seems to be, "You have a lot of money and these peopl...
by Earl Lemongrab
Tue Nov 21, 2017 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: Discover Card Change in Terms
Replies: 28
Views: 2576

Re: Discover Card Change in Terms

munemaker wrote:
Tue Nov 21, 2017 8:02 am
Looking at my Discover Card, it shows I have also held my account since 1986 (Discover was founded in 1985, so this is back to the very beginning).
Ha. Me too. Originally the card was controlled by Sears, and they promoted it heavily in the stores.
by Earl Lemongrab
Tue Nov 21, 2017 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: Merrill Lynch wants personal info--How to deal
Replies: 19
Views: 1670

Re: Merrill Lynch wants personal info--How to deal

Last year I did the brokerage transfer bonus dance and E trade and Fidelity were seamless. Not with Merrill Lynch. They tried to short my deal to $ 600 I got calls from Merrill Lynch Wealth managers wanting to know how I made my money and more details than the IRS would care for. I wanted my $ 1000...
by Earl Lemongrab
Tue Nov 21, 2017 11:12 am
Forum: Personal Finance (Not Investing)
Topic: Do I have to report a thank-you dinner as income to the IRS?
Replies: 15
Views: 2195

Re: Do I have to report a thank-you dinner as income to the IRS?

Most of it isn't strictly quid quo pro, but some is. We might take them cookies just to be nice, but we darn sure do if they watched the dog for a week while we went to a funeral. No. It would only be quid pro quo if the neighbor would not dogsit unless you gave them cookies. Then it becomes a bart...
by Earl Lemongrab
Tue Nov 21, 2017 11:06 am
Forum: Personal Consumer Issues
Topic: Microsoft account security alert email.....real or fake??
Replies: 15
Views: 707

Re: Microsoft account security alert email.....real or fake??

You can often hover over the link in the email to see the actual URL. I'll be it's nothing to do with Microsoft.
by Earl Lemongrab
Mon Nov 20, 2017 8:04 pm
Forum: Personal Finance (Not Investing)
Topic: H&R Block Software
Replies: 62
Views: 4983

Re: H&R Block Software

mav12 wrote:
Mon Nov 20, 2017 6:14 pm
Why do you guys prefer HR Block over TurboTax as I'd used it for years and transfers your carryover deductions easily?
1. It's the tax software I have used the most by far.
2. It's usually about $10 cheaper.
by Earl Lemongrab
Mon Nov 20, 2017 6:35 pm
Forum: Personal Finance (Not Investing)
Topic: [Help with 401k, Backdoor Roth]
Replies: 10
Views: 583

Re: [Help with 401k, Backdoor Roth]

Plans can accept any pretax IRA amounts. That would include earnings on non-deductible contributions. Unless the plan has provided you some restrictions, I would say to roll everything but those contributions to the 401(k) and convert with little tax.
by Earl Lemongrab
Mon Nov 20, 2017 6:33 pm
Forum: Investing - Help with Personal Investments
Topic: Roth transfer: Wait for December distributions?
Replies: 11
Views: 1008

Re: Roth transfer: Wait for December distributions?

Chap wrote:
Mon Nov 20, 2017 5:09 pm
Earl Lemongrab: I edited my post (at the bottom) as you suggested.
I actually meant what were the funds.
by Earl Lemongrab
Mon Nov 20, 2017 5:15 pm
Forum: Personal Consumer Issues
Topic: Uber for someone who knows only taxis
Replies: 89
Views: 4671

Re: Uber for someone who knows only taxis

With taxis you have to successfully flag one down and payment is usually cash or can be credit, but must be manually done at the end of the ride. The first part is certainly not the case here. The cab services have phone numbers, web sites, and apps that you can use for setting up rides. I'm not su...
by Earl Lemongrab
Mon Nov 20, 2017 4:18 pm
Forum: Investing - Theory, News & General
Topic: Is holding bonds now dangerous?
Replies: 153
Views: 11996

Re: Is holding bonds now dangerous?

House prices only go one way, and I mean up -- people always need a place to live. That's the key lesson of investing. Good thing to know that housing prices never crash, isn't it? Nothing as safe as houses :happy :happy Valuethinker, 1) Just because people need a place to stay, it does not mean th...
by Earl Lemongrab
Mon Nov 20, 2017 2:05 pm
Forum: Investing - Help with Personal Investments
Topic: Planning for the final months of work
Replies: 50
Views: 3501

Re: Planning for the final months of work

And Vanguard doesn't do this? They don't make any money by selling their funds? All of these funds get money out of investors one way or another. The salesmen at Vanguard are just as focused on selling their funds. I don't use Vanguard as a custodian, but I do use their products. The ETFs are very ...
by Earl Lemongrab
Mon Nov 20, 2017 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey says don't use credit cards, even if you pay them off
Replies: 221
Views: 13004

Re: Dave Ramsey says don't use credit cards, even if you pay them off

There have been various, divisive, threads on this topic in the past. Very little good comes from them other than arguments. Having been well-involved in those arguments before, I won't again.
by Earl Lemongrab
Mon Nov 20, 2017 11:58 am
Forum: Personal Consumer Issues
Topic: internet browsers and free software?
Replies: 7
Views: 567

Re: internet browsers and free software?

Some of the free software, including the TrueCrypt/VeraCrypt programs you mentioned, are open-source. That means that volunteers worked as a group to develop the program. While it is possible to sell the product, the usual licenses for open-source allow anyone to distribute the program, free or othe...
by Earl Lemongrab
Mon Nov 20, 2017 11:47 am
Forum: Investing - Theory, News & General
Topic: Schwab acct. security tool
Replies: 22
Views: 1419

Re: Schwab acct. security tool

Bury all the $. Keep quiet about it. No worries about hackers. I don't think you understand the question. What is the fallback for the higher security protocols? I seem to recall, but haven't looked, that if Vanguard's voice verification fails the fallback is security questions. I don't know if tha...
by Earl Lemongrab
Mon Nov 20, 2017 10:31 am
Forum: Investing - Theory, News & General
Topic: Schwab acct. security tool
Replies: 22
Views: 1419

Re: Schwab acct. security tool

Schwab also has voice recognition for phone calls. Whenever you call, when prompted you say, "At Schwab, my voice is my password," and it's verified using technology. In addition to my security fob, the voice recognition for phone calls is a good backup. What happens if that fails? If you're worrie...
by Earl Lemongrab
Sun Nov 19, 2017 7:56 pm
Forum: Investing - Theory, News & General
Topic: Schwab acct. security tool
Replies: 22
Views: 1419

Re: Schwab acct. security tool

samsoes wrote:
Sun Nov 19, 2017 6:23 pm
Schwab also has voice recognition for phone calls. Whenever you call, when prompted you say, "At Schwab, my voice is my password," and it's verified using technology. In addition to my security fob, the voice recognition for phone calls is a good backup.
What happens if that fails?
by Earl Lemongrab
Sun Nov 19, 2017 6:07 pm
Forum: Personal Consumer Issues
Topic: Bank of America Premium Rewards card
Replies: 13
Views: 1179

Re: Bank of America Premium Rewards card

Thanks to everyone who replied. Is it absolutely necessary to open a checking account with B of A to get the platinum honor level? Can I just open a ME account with 100k? There is an offer to get $300 bonus to open a checking account. But it is a targeted offer. I vaguely remember that I actually g...
by Earl Lemongrab
Sun Nov 19, 2017 4:35 pm
Forum: Investing - Theory, News & General
Topic: Schwab acct. security tool
Replies: 22
Views: 1419

Re: Schwab acct. security tool

He told me that Vanguard has an automated fallback in case the 2FA system fails or goes down - regular username/password login. So where is the security? If the fallback is the old system then I don't see the point. Someone trying to hack the account and had the regular login could just fail the ge...
by Earl Lemongrab
Sun Nov 19, 2017 2:49 pm
Forum: Personal Consumer Issues
Topic: Bank of America Premium Rewards card
Replies: 13
Views: 1179

Re: Bank of America Premium Rewards card

My experience with BOA/Merrill has been very positive. I have received several bonuses over the years, always accurate and on-time. Most transfers can be performed online from the web site. I have said that if bonuses go away, I'd consolidate at Edge just for the Preferred Rewards.
by Earl Lemongrab
Sun Nov 19, 2017 12:48 am
Forum: Investing - Theory, News & General
Topic: Scottrade to TDA
Replies: 24
Views: 1845

Re: Scottrade to TDA

bgf wrote:
Sat Nov 18, 2017 8:10 pm
my taxable account already qualifies for the 30 free, and my roths would get there in a couple years.
You don't need to qualify in each account. It's the total assets.
by Earl Lemongrab
Sat Nov 18, 2017 7:45 pm
Forum: Investing - Theory, News & General
Topic: Scottrade to TDA
Replies: 24
Views: 1845

Re: Scottrade to TDA

If I switch to Merrill, I would get only $100 each for 2 Roth IRAs. There doesn't appear to be any bonus for my taxable account. Then I guess $6.95 per trade after that. Does Merrill have any commission free ETFs? If I switch to Schwab, I'll get almost 10 years of free trades, then I'll get free Sc...
by Earl Lemongrab
Sat Nov 18, 2017 4:25 pm
Forum: Investing - Theory, News & General
Topic: Is holding bonds now dangerous?
Replies: 153
Views: 11996

Re: Is holding bonds now dangerous?

My fixed-income allocation (40% of total) is 50/50 bond index and stable value. So the latter is 20% of the total. While not completely free from the possibility of loss, it's pretty close at least in nominal terms. To me that's a pretty good safety net in the allocation. I'm not entirely sure what ...
by Earl Lemongrab
Sat Nov 18, 2017 4:17 pm
Forum: Investing - Help with Personal Investments
Topic: Do you include the sale of your home as part of your retirement planning?
Replies: 83
Views: 4091

Re: Do you include the sale of your home as part of your retirement planning?

For me the importance lies in my wanting to maximize what I can spend in the first 10 years of retirement. Including or not including the sale of the house is material to the amount I would have available. Everyone has different priorities. Well, I don't have any plans to spend as much as possible....
by Earl Lemongrab
Sat Nov 18, 2017 3:38 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth Vs Traditional IRA for Wife’s Accounts
Replies: 12
Views: 680

Re: Backdoor Roth Vs Traditional IRA for Wife’s Accounts

It's possible that they would. Megacorp is adding that for next year. It's not common though.
by Earl Lemongrab
Sat Nov 18, 2017 3:38 pm
Forum: Personal Consumer Issues
Topic: Favorite Holiday Recipes
Replies: 40
Views: 2953

Re: Favorite Holiday Recipes

You can also make the dressing in muffin pans for individual servings.
by Earl Lemongrab
Sat Nov 18, 2017 1:55 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth Vs Traditional IRA for Wife’s Accounts
Replies: 12
Views: 680

Re: Backdoor Roth Vs Traditional IRA for Wife’s Accounts

Since none are with active employers I can’t roll them into one 401k. What does not active employers mean? Have you talked to the admins of all of the 401ks? It seems odd they would not like more assets. Presumably former employers as she's not working now. Most plans don't allow roll ins in that c...
by Earl Lemongrab
Sat Nov 18, 2017 1:51 pm
Forum: Investing - Help with Personal Investments
Topic: Do you include the sale of your home as part of your retirement planning?
Replies: 83
Views: 4091

Re: Do you include the sale of your home as part of your retirement planning?

No. Then again, its value is small compared to investments. Selling it would be part of contingent planning for extended long-term health care, as my POA could sell it and use the money for that as needed. No one knows the future, so I don't see any point to specific planning like that for events 20...
by Earl Lemongrab
Sat Nov 18, 2017 1:44 pm
Forum: Investing - Help with Personal Investments
Topic: Confused about cash and retirement - isn't this really about market timing?
Replies: 38
Views: 3008

Re: Confused about cash and retirement - isn't this really about market timing?

The problem with "when you have won the game" is that the game isn't over. It's never over from your perspective. And the rules of the game can change at any time without notice.