Search found 97 matches

by Ethelred
Thu Jan 19, 2017 4:57 pm
Forum: Investing - Help with Personal Investments
Topic: Taxes owed 2016 as % of AGI?
Replies: 18
Views: 1030

Re: Taxes owed 2016 as % of AGI?

No, of course, we're not taking anything for granted. I was more interested in whether or not our total tax was a standard deviation (or two) above the mean for our AGI, even though I'm fairly certain we haven't missed any obvious deductions/deferments/contributions. You seem to be operating under ...
by Ethelred
Thu Jan 19, 2017 4:55 pm
Forum: Investing - Help with Personal Investments
Topic: Taxes owed 2016 as % of AGI?
Replies: 18
Views: 1030

Re: Taxes owed 2016 as % of AGI?

Just preliminarily crunched the numbers for 2016, and our total tax is 155k (125k Federal, 30k State) on 450k income, or 35% of our AGI. This is a massive jump for us, as our salary was significantly lower in 2015 (paid 60k total tax on 260k income, or 23% of AGI). We maximize contributions to 403b...
by Ethelred
Wed Jan 18, 2017 7:31 pm
Forum: Personal Finance (Not Investing)
Topic: shopping for a new bank
Replies: 2
Views: 290

Re: shopping for a new bank

Not sure if you're after an online bank or brick and mortar, but this is the latest JD Power survey on banking customer service. California is the first chart shown.
http://www.jdpower.com/press-releases/2 ... tion-study
by Ethelred
Wed Jan 18, 2017 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: Is Being a Private Banking Client Worth it?
Replies: 97
Views: 20982

Re: Is Being a Private Banking Client Worth it?

I am looking into Chase private client. It seems to me to offer services with no obligations other than an expectation of 250k at the bank. From what i can tell, the services are nice perks and I don't have to end up paying more. Here are the perks that I would appreciate: -possible access to chase...
by Ethelred
Sun Jan 15, 2017 9:35 am
Forum: Personal Finance (Not Investing)
Topic: Which brokerage to sell stock awards?
Replies: 12
Views: 601

Re: Which brokerage to sell stock awards?

Are you even sure that you can move restricted stock/options to another broker? That wasn't possible in the single situation I'm familiar with. The company chose the broker and that's who you had to deal with. YMMV. The options can't be moved - I'd sell and then transfer cash if I did it this way. ...
by Ethelred
Sat Jan 14, 2017 6:58 pm
Forum: Personal Finance (Not Investing)
Topic: TaxAct Donation Assistant
Replies: 5
Views: 311

Re: TaxAct Donation Assistant

After the early version of Taxact came out in December, I did an estimate of our 2016 taxes. I used the Donation Assistant in the 2015 version to work it out, then saved the whole file separately. Once the 2016 version is updated, I'll might re-enter the numbers, or just assume they're close enough.
by Ethelred
Sat Jan 14, 2017 6:44 pm
Forum: Personal Finance (Not Investing)
Topic: Which brokerage to sell stock awards?
Replies: 12
Views: 601

Re: Which brokerage to sell stock awards?

Last year, I tried to transfer vested book shares from the transfer agent for my spouse's company to Vanguard to sell. The Vanguard rep had no idea how to do this. Fidelity allowed me to easily do it online. So I recommend Fidelity. Thanks for the info. It is strange, though. The Vanguard website i...
by Ethelred
Sat Jan 14, 2017 5:10 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity HSA fees
Replies: 6
Views: 418

Re: Fidelity HSA fees

The $12/qtr HSA fee is what Fidelity charge my account, too. My employer covers it, but stops once an employee leaves the company.

I hadn't heard that it's waived for total holdings above $250k, though. That could be useful.
by Ethelred
Fri Jan 13, 2017 12:59 pm
Forum: Personal Consumer Issues
Topic: 24 hour stop over at LHR, what all can I visit in London?
Replies: 31
Views: 1718

Re: 24 hour stop over at LHR, what all can I visit in London?

London has more worthwhile attractions than you could visit in a month, let alone a single day. Without knowing what your interests are when travelling, this is a very difficult question to answer.
by Ethelred
Wed Jan 11, 2017 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: Which brokerage to sell stock awards?
Replies: 12
Views: 601

Re: Which brokerage to sell stock awards?

I've had checks sent in the past. Heck...I currently am awaiting. $10,000 check from a broker and don't give it two thoughts that its coming in the mail. And I'm convinced that my mailman is psychotic. I don't think our local mailman (or mailwoman) is dishonest, but the mail isn't that reliable. We...
by Ethelred
Wed Jan 11, 2017 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: Which brokerage to sell stock awards?
Replies: 12
Views: 601

Re: Which brokerage to sell stock awards?

Are these options or stock you purchased because you awarded the option to buy? Assuming stock, I would move to Fidelity and then you can sell and transfer money to bank account. I haven't worked with other brokerages. Some (restricted) stock awards and some stock options. The options are all curre...
by Ethelred
Wed Jan 11, 2017 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: Which brokerage to sell stock awards?
Replies: 12
Views: 601

Which brokerage to sell stock awards?

OK, I'm looking for some advice on whether I should avoid using Merrill Lynch to sell my company stock, and if so, how best to go about it. A few years ago, my employer decided to change administrator of the company stock awards and stock options from Schwab to Merrill Lynch. In November, I sold som...
by Ethelred
Wed Jan 11, 2017 10:31 am
Forum: Personal Finance (Not Investing)
Topic: 401k reached critical mass - 21% increase in one year
Replies: 14
Views: 1633

Re: 401k reached critical mass - 21% increase in one year

I don't know what happened to my 401k but it seems to have reached critical mass. Since Jan 2016 I have experienced a 21% increase! :beer The portfolio is rather boglehead, just a mix of Fidelity 'target' funds. I contribute the max and employer match is effectively 5k/year. Anyone else see this? I...
by Ethelred
Tue Jan 10, 2017 7:30 pm
Forum: Investing - Theory, News & General
Topic: Lazy Portfolio with Sector Funds
Replies: 33
Views: 2053

Re: Lazy Portfolio with Sector Funds

Thanks very much to everyone who replied to me in this thread. I glanced through the "Comprehensive Look" paper and it looks interesting. I've bookmarked it, and I'll read through when I have a free hour or so.
by Ethelred
Mon Jan 09, 2017 4:16 pm
Forum: Investing - Theory, News & General
Topic: Lazy Portfolio with Sector Funds
Replies: 33
Views: 2053

Re: Lazy Portfolio with Sector Funds

TJSI wrote:And there is a lot of research that over long periods, low volatility stocks outperform the market.

There is? Can you link to some of that research? Because that's directly the opposite of what is generally expected from the "risk premium".
by Ethelred
Mon Jan 09, 2017 2:10 pm
Forum: Investing - Theory, News & General
Topic: Expat Wanting to Invest in US Mutual Funds
Replies: 11
Views: 764

Re: Expat Wanting to Invest in US Mutual Funds

Bear in mind that you may be restricted by the laws of the country that you live in, too.

For example, US citizens who are resident in the UK are, for practical purposes, restricted to investing in ETFs that count as "HMRC-reporting funds".
by Ethelred
Mon Jan 09, 2017 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: Best Financial Moves You've Made
Replies: 141
Views: 15396

Re: Best Financial Moves You've Made

Some things that have worked for me: 1. I live below my means. 2. Along with my family, I invested time and money in my education to allow me an interesting and well-paid job. 3. I found a great spouse who also follows points 1 and 2, even if I wouldn't describe her as frugal. 4. I held a lot of my ...
by Ethelred
Sat Jan 07, 2017 7:08 pm
Forum: Personal Finance (Not Investing)
Topic: Bank of America/Merrill Edge - Preferred Rewards
Replies: 188
Views: 29852

Re: Bank of America/Merrill Edge - Preferred Rewards

I opened my account with ME on 12/30 (thanks Earl Lemongrab for the urging). I initiated the transfer of my individual Vanguard account. The incoming funds from Vanguard will not be enough to put me over the $50k balance tier. Since the Market could fluctuate considerably over the next 8-10 days wh...
by Ethelred
Fri Jan 06, 2017 1:54 pm
Forum: Investing - Help with Personal Investments
Topic: Need help with picking funds from new HSA custodian
Replies: 3
Views: 263

Re: Need help with picking funds from new HSA custodian

Looks like it's the same provider as this very recent thread. Maybe even the same employer.

viewtopic.php?t=207360
by Ethelred
Fri Jan 06, 2017 8:13 am
Forum: Investing - Help with Personal Investments
Topic: J.P. Morgan Asset Management
Replies: 2
Views: 340

Re: J.P. Morgan Asset Management

JP Morgan Asset Management is part of JP Morgan Chase, which most people recognize from Chase banks. We have our checking and credit cards with Chase, but not our investments. Going on our experience alone, your IRA will be efficiently run, but not particularly low-fee. Bear in mind that contributio...
by Ethelred
Thu Jan 05, 2017 4:21 pm
Forum: Investing - Help with Personal Investments
Topic: Help for UK Retirement Investor
Replies: 34
Views: 897

Re: Help for UK Retirement Investor

Thanks ethelred, much appreciated. I take the view that Americans are ahead of the game compared to the UK. That is an assumption that I would be wary of making. In some aspects, it's true, in some, you'd be astonished. The US has probably the most complicated system of taxation in the world. A sig...
by Ethelred
Thu Jan 05, 2017 3:52 pm
Forum: Investing - Help with Personal Investments
Topic: Help for UK Retirement Investor
Replies: 34
Views: 897

Re: Help for UK Retirement Investor

Welcome! I'm a UK citizen, but now a US permanent resident. I don't have much knowledge of UK funds, but I can clarify a few of the comments you made. A UK SIPP is close to a traditional IRA. An ISA does not have a direct US equivalent. A Roth IRA isn't too far off from a stocks and shares ISA, exce...
by Ethelred
Thu Jan 05, 2017 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: Estimated tax payments on long term cap gain, with half of last years income
Replies: 8
Views: 531

Re: Estimated tax payments on long term cap gain, with half of last years income

I'm getting this (this is our first time with a cap gain, and a drastic reduction in salary as well). So even though the "income" (gain) came in early January, we can spread out the ~$4500 only via extra payroll withholding to hit 90% of tax bill? I'm cool with equal quarterly payments, r...
by Ethelred
Thu Jan 05, 2017 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: Estimated tax payments on long term cap gain, with half of last years income
Replies: 8
Views: 531

Re: Estimated tax payments on long term cap gain, with half of last years income

It's been a couple of years since we had a big capital gain, but I think I remember that what I did was to increase my withholding to cover the extra taxes. If you do it this way instead of estimated taxes, I seem to remember there isn't a penalty for skewing the withholding to later in the year, an...
by Ethelred
Wed Jan 04, 2017 9:34 am
Forum: Investing - Help with Personal Investments
Topic: GBP—Vanguard Global Small-Cap Index Fund
Replies: 6
Views: 480

Re: GBP—Vanguard Global Small-Cap Index Fund

It's probably worth adding that this is a forum very much centred on the USA. General points will apply anywhere, like diversification among asset classes and sectors. However, if you want info on specific UK funds, you will also need to look elsewhere and do some research yourself. For info - I'm a...
by Ethelred
Sat Dec 31, 2016 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: Multi Millionaire with no credit rating
Replies: 52
Views: 5232

Re: Multi Millionaire with no credit rating

Go to Bank of America and sit down with one of their desk officers. Tell them you want to open an Interest Checking Account with a $10K deposit (the minimum required for no fee checking) and a linked (no bounced checks or bounced check fees) Rewards Money Market Savings Account with a deposit of $4...
by Ethelred
Sat Dec 31, 2016 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: Bank of America/Merrill Edge - Preferred Rewards
Replies: 188
Views: 29852

Re: Bank of America/Merrill Edge - Preferred Rewards

Strangely, I just tried to use the code on that page, and the ME site claims that it's expired, even though the offer page says available until Dec 31st.
by Ethelred
Wed Dec 28, 2016 8:26 pm
Forum: Investing - Help with Personal Investments
Topic: 401K choices, Fidelity Brokeragelink
Replies: 9
Views: 421

Re: 401K choices, Fidelity Brokeragelink

The best options are: ⋅ BLKRK EQUITY INDEX 0.02 -- Large caps, 80% of US stocks ⋅ MELLON MKT CMPLETION 0.04 -- Mid/small caps, 20% of US stocks ⋅ BLKRK ACWI EX-US IMI 0.09 -- Complete international stocks ⋅ VANG TOT BND MKT IDX 0.08 -- US bonds ⋅ or...
by Ethelred
Fri Dec 23, 2016 12:37 pm
Forum: Investing - Help with Personal Investments
Topic: Where can I get some yield on my cash?
Replies: 16
Views: 1034

Re: Where can I get some yield on my cash?

None of the existing options qualify as "some" from any reasonable point of view. "Some" might be defined as around a more typical real interest rate of 2%-3% and a nominal interest rate of 4%-6%. I will agree that the history of interest rates in the last hundred years or so is...
by Ethelred
Fri Dec 23, 2016 12:14 pm
Forum: Investing - Help with Personal Investments
Topic: Where can I get some yield on my cash?
Replies: 16
Views: 1034

Re: Where can I get some yield on my cash?

There are lots of savings account options listed here paying 1% or slightly higher. Transfers in and out can be done online from a checking account elsewhere pretty quickly.
https://www.depositaccounts.com/savings/

We use GS Bank (formerly GECapital Bank), but there are plenty of other choices there.
by Ethelred
Thu Dec 22, 2016 2:46 pm
Forum: Investing - Help with Personal Investments
Topic: Will ETFs make mutual index funds obsolete?
Replies: 28
Views: 1905

Re: Will ETFs make mutual index funds obsolete?

Yes, you can manually execute ETF trades in BrokerageLink, but you can't have your regular payroll contributions execute ETF trades automatically. It's the investing of regular payroll contributions in accounts like 401ks that is difficult with ETFs. I was going to argue, but I should apologise ins...
by Ethelred
Thu Dec 22, 2016 2:22 pm
Forum: Investing - Help with Personal Investments
Topic: Will ETFs make mutual index funds obsolete?
Replies: 28
Views: 1905

Re: Will ETFs make mutual index funds obsolete?

Second, many qualified plans like 401ks would never be able to work with ETFs. While I agree that mutual funds are not going away any time soon, this statement simply doesn't make sense. It's easy to prove it wrong, since I (and thousands of others) have Fidelity's BrokerageLink as part of my emplo...
by Ethelred
Thu Dec 22, 2016 10:01 am
Forum: Investing - Help with Personal Investments
Topic: fidelity brokeragelink vs IRA And backdoor Roth IRA
Replies: 17
Views: 991

Re: fidelity brokeragelink vs IRA And backdoor Roth IRA

Providing you don't have to pay an extra fees, BrokerageLink is a great option within Fidelity 401ks. There are enough no-fee funds and ETFs in there to satisfy the requirements of almost any passive index investor. I use mine for our 5% emerging markets allocation,
by Ethelred
Wed Dec 21, 2016 10:20 am
Forum: Investing - Theory, News & General
Topic: Improving the Dalio/Robbins All-Seasons Portfolio
Replies: 50
Views: 3431

Re: Improving the Dalio/Robbins All-Seasons Portfolio

Interesting. Have you done any backtesting on this proposed AA?
by Ethelred
Mon Dec 19, 2016 6:00 pm
Forum: Investing - Theory, News & General
Topic: T. Rowe Price: "How to Construct a Stock and Bond portfolio"
Replies: 15
Views: 1911

Re: T. Rowe Price: "How to Construct a Stock and Bond portfolio"

I've done it in my head, I've done it on paper, I've done it with a calculator, and I've done it with Arabic numerals and I've done it with Roman numerals* and it always comes out the same. They used up all hundred of the percents themselves, they didn't leave even one of them to "do something...
by Ethelred
Thu Dec 15, 2016 12:13 pm
Forum: Investing - Help with Personal Investments
Topic: Employer 401k to Rollover IRA in Retirement?
Replies: 13
Views: 931

Re: Employer 401k to Rollover IRA in Retirement?

Fidelity are actually a pretty good 401k provider in principle, and my company employer's 401k is with them. It includes some high-fee active funds, but enough low-fee index funds to work just fine. That said, those index funds have only been added in the last few years. On that basis, if there real...
by Ethelred
Thu Dec 15, 2016 12:02 pm
Forum: Investing - Help with Personal Investments
Topic: Should I add S & P 500 fund to my portfolio?
Replies: 6
Views: 941

Re: Should I add S & P 500 fund to my portfolio?

It depends on your investment plan. If you have a simple portfolio and want to "hold the market", then use a total stock market fund. Our plan has us holding S&P500 not total stock market. However, this is so we can tilt towards small-cap value (by adding a SCV fund) and away from smal...
by Ethelred
Wed Dec 14, 2016 5:18 pm
Forum: Investing - Help with Personal Investments
Topic: Conservatively Invest Emergency Fund
Replies: 17
Views: 1309

Re: Conservatively Invest Emergency Fund

$19k strikes me as a fairly small emergency fund for a family of three, and extremely small to be considering putting most of it in easily accessed investments. You mentioned putting 85% in investments, which means you'd have only $2880 in the bank. That could be eaten up in an instant. Consider wha...
by Ethelred
Wed Dec 14, 2016 9:06 am
Forum: Investing - Theory, News & General
Topic: How Many 3SD Body Shots Can Your Retirement Port Take?
Replies: 14
Views: 1601

Re: How Many 3SD Body Shots Can Your Retirement Port Take?

I think that is the problem with this analysis. It assumes a series of black swans with no recovery... ever. My portfolio would be in trouble if I only experienced the flash crash, the dot com bubble and the financial crisis without experiencing the years in between. This. Three 3-standard-deviatio...
by Ethelred
Tue Dec 13, 2016 10:35 pm
Forum: Investing - Help with Personal Investments
Topic: Should I cash out some options?
Replies: 17
Views: 1118

Re: Should I cash out some options?

Thank you all for the replies. I learned from this thread, and appreciate the assistance. I am now planning on cashing out my 2017 options tomorrow. I spoke with my CPA, and he was able to quickly check out my tax situation with the added $38,000 included in our income. To be clear, are most of you...
by Ethelred
Tue Dec 13, 2016 10:32 pm
Forum: Investing - Help with Personal Investments
Topic: HSA - is keeping 40 years of medical records practical?
Replies: 128
Views: 8697

Re: HSA - is keeping 40 years of medical records practical?

I actually suspect that for many there is an optimum point between claiming at the time and claiming in 40 years. Claim once a year, maybe three to five years in arrears, and time it so that the money comes from HSA into taxable ready for your annual portfolio rebalancing. That gives time for growth...
by Ethelred
Tue Dec 13, 2016 4:20 pm
Forum: Investing - Help with Personal Investments
Topic: Should I cash out some options?
Replies: 17
Views: 1118

Re: Should I cash out some options?

Here are some other things to consider: - Diversification (holding too much of your net worth in one company is a bad idea, especially if that company also pays your salary) - option expiry date - relative price of the option vs. the shares - likely stock volatility - likely stock growth Basically, ...
by Ethelred
Tue Dec 13, 2016 4:12 pm
Forum: Investing - Help with Personal Investments
Topic: Rebalance: Current Distressed Asset Class(es)?
Replies: 8
Views: 675

Re: Rebalnce / Current Distressed Asset Class(es)?

You're missing something fundamental about rebalancing. Rebalancing means changing your portfolio back to your chosen asset allocation, that you have set out in your investment policy statement. The info explaining an IPS (and much more) is in the wiki, here: https://www.bogleheads.org/wiki/Investme...
by Ethelred
Tue Dec 13, 2016 12:01 pm
Forum: Investing - Theory, News & General
Topic: Actively trading mutual funds
Replies: 35
Views: 2777

Re: Actively trading mutual funds

I do realize that the vast majority of this group is much younger and still working. They can afford to make a few big mistakes if the make a lot more big gains. Once retired you can’t afford many mistakes and I was hoping that a few other baby boomers were still checking out this forum. Can you re...
by Ethelred
Mon Dec 12, 2016 5:17 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation and long term market declines.
Replies: 19
Views: 2139

Re: "The truth must be repeated over and over again."

Ethelred: Author Rick Ferri gives you my answer (not directed at any specific person): The truth must be repeated over and over again because lies are constantly being told around it. Best wishes. Taylor That has nothing to do with my point, and in fact just reinforces it. The irony I was pointing ...
by Ethelred
Mon Dec 12, 2016 4:31 pm
Forum: Investing - Help with Personal Investments
Topic: Dealing with "stuck" cash
Replies: 5
Views: 782

Re: Dealing with "stuck" cash

My wife has something similar, a 401a account, as well as a 401k. Interest is essentially tied to long-term bond rates. Once she stops working for that employer, she can take it as a lump sum (and pay income tax on it), as an annuity, or roll it into an IRA or similar. Almost everyone takes the last...
by Ethelred
Mon Dec 12, 2016 4:10 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation and long term market declines.
Replies: 19
Views: 2139

Re: Asset Allocation and long term market declines.

Never heard of Paul and his strategies. Pretty different from the ordinary three fund portfolio found here. Are his strategies superior to the three fund approach? Mav: Paul Merriman's " Fundadvice Ultimate Portfolio " is currently at the bottom of 8 Lazy Portfolios for 10-year returns. &...
by Ethelred
Mon Dec 12, 2016 11:18 am
Forum: Investing - Help with Personal Investments
Topic: what is your AA rebalancing band ( thresold)
Replies: 5
Views: 459

Re: what is your AA rebalancing band ( thresold)

I was investigating rebalancing last month. The best resource I found was this article from Michael Kitces, with several research papers summarized: https://www.kitces.com/blog/best-opportunistic-rebalancing-frequency-time-horizons-vs-tolerance-band-thresholds/ It's not exactly what he recommends th...
by Ethelred
Fri Dec 09, 2016 10:04 am
Forum: Investing - Theory, News & General
Topic: Trying to fund retirement in late 20s.
Replies: 23
Views: 2428

Re: Trying to fund retirement in late 20s.

Starting to fund retirement in your 20s is a great idea, and far too few people do so. However, I would add a couple of further cautions to the other comments already made: - Compound interest means that the earlier you save a dollar, the more valuable it is for retirement. However, most people's sa...
by Ethelred
Thu Dec 08, 2016 1:33 pm
Forum: Investing - Help with Personal Investments
Topic: Help deciding between stock options and restricted stock
Replies: 6
Views: 419

Re: Help deciding between stock options and restricted stock

OK, this is not a simple decision. It depends on your view of the likely growth of your company's stock and its volatility, plus how long you think you are likely to remain with the company. The way you're using some of the terms is also going to confuse some people. "Vesting" is the point...

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