Search found 145 matches

by Ethelred
Fri Mar 24, 2017 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: HSA questions
Replies: 4
Views: 216

Re: HSA questions

sgadlin wrote:We are expecting our first child in a month or so.

I am hopeful after a few years our medical expences will be minimal and we can really save more.


I have three children. They may be mostly healthy, but these two statements do not belong in the same post.
by Ethelred
Fri Mar 24, 2017 7:48 am
Forum: Investing - Help with Personal Investments
Topic: Need Newbie Advice for Large Sum - US or Europe?
Replies: 5
Views: 265

Re: Need Newbie Advice for Large Sum - US or Europe?

If I was not already resident in the US, there is no way I'd subject myself to taxation by the most complex tax system in the World by investing there. So yes, even if you choose to invest in US indices, do so using ETFs or mutual funds located in Europe. Something similar may be available in Canada...
by Ethelred
Thu Mar 23, 2017 6:28 am
Forum: Personal Finance (Not Investing)
Topic: S corp - 401K plan - profit sharing
Replies: 130
Views: 3575

Re: S corp - 401K plan - profit sharing

1. Agree on the $15k if they have $50m under management at 0.03% AUM. HOWEVER, their website states "No AUM Fees." 2. Websites states $8/m per employee, $40/m min per company, so even companies with fewer than 5 employees pay the $40/m. Even if they only have 1,000 companies, that works o...
by Ethelred
Tue Mar 21, 2017 3:31 pm
Forum: Investing - Help with Personal Investments
Topic: HSA Investment Guidance
Replies: 7
Views: 635

Re: HSA Investment Guidance

Remember your asset allocation can be spread across all your accounts. Use the TD brokerage to buy one ETF that's part of your allocation, and then just buy correspondingly less of that asset in your other accounts.
by Ethelred
Tue Mar 21, 2017 11:09 am
Forum: Investing - Help with Personal Investments
Topic: Retirement Plans in a New Small Business
Replies: 6
Views: 360

Re: Retirement Plans in a New Small Business

Having looked into this a bit recently, on threads on this forum and elsewhere, there are several options for solo 401ks. None of these options offer everything you might want, but unless you want every option you'll probably find something to fit your needs. The main low-cost providers are: - Vangu...
by Ethelred
Tue Mar 21, 2017 9:43 am
Forum: Personal Finance (Not Investing)
Topic: S corp - 401K plan - profit sharing
Replies: 130
Views: 3575

Re: S corp - 401K plan - profit sharing

As an extra reply - I just checked the TRP website. Their Individual 401k says "No annual employer fees or set-up cost." , while their Small Business 401k says "Small Business 401(k) fees vary by plan". If you (or you and your spouse) are the only employee, there are several supp...
by Ethelred
Tue Mar 21, 2017 9:36 am
Forum: Personal Finance (Not Investing)
Topic: S corp - 401K plan - profit sharing
Replies: 130
Views: 3575

Re: S corp - 401K plan - profit sharing

Id love to know what you find out with T Rowe Price. I've had funds in my IRA with them before and it's an excellent company. If all I need is low cost index funds, they could be a great choice, especially if they are not charging any fees. I'm not sure I'd class their index funds as "low cost...
by Ethelred
Tue Mar 21, 2017 8:28 am
Forum: Personal Finance (Not Investing)
Topic: S corp - 401K plan - profit sharing
Replies: 130
Views: 3575

Re: S corp - 401K plan - profit sharing

"My contact at Guideline.com emailed me the detailed fee https://my.guideline.com/agreements/annual_disclosures#plan-fees-and-expenses-404a-5-disclosure One example only - in this doc provided above look up Vanguard Small cap equity (VSTCX) and compare to the VG site info... https://personal.v...
by Ethelred
Mon Mar 20, 2017 4:25 pm
Forum: Investing - Help with Personal Investments
Topic: I thought I knew my desired AA
Replies: 76
Views: 3199

Re: I thought I knew my desired AA

When I went through this process last year, it turned out the biggest question was actually, "What asset allocation is within my wife's comfort level?" As a result, our AA is 70/30 with an emergency / large purchases fund that is probably double what I would have chosen.
by Ethelred
Mon Mar 20, 2017 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: S corp - 401K plan - profit sharing
Replies: 130
Views: 3575

Re: S corp - 401K plan - profit sharing

I believe that $50M at 0.0003 is $15,000. $40 X 1,000 = $40,000 You are both business folks - what do you think about this business's profit and future if these are the only fees? Since being in business for myself I have watched for high costs on many places but have learned that too low costs are...
by Ethelred
Mon Mar 20, 2017 10:40 am
Forum: Investing - Help with Personal Investments
Topic: Valuing Oil Well (Mineral Rights) Investments
Replies: 9
Views: 573

Re: Valuing Oil Well (Mineral Rights) Investments

I wonder how well some of the suggestions here will work. It would be easy for anyone who knows even the basics of the oil business in the onshore US to see the state and county listed, and get an idea of which basin it's located in. Unfortunately, there are empty spaces on the form in the photo whe...
by Ethelred
Mon Mar 20, 2017 9:35 am
Forum: Personal Finance (Not Investing)
Topic: Wife going back to school. What financial steps should I take?
Replies: 23
Views: 1088

Re: Wife going back to school. What financial steps should I take?

Three years is a long time, and PhDs can often end up taking longer than planned. You don't say what job you do. Unless you have a particularly good deal where you are, consider looking for something in, or closer to, the city where she will be studying. On education expenses: I was looking into thi...
by Ethelred
Fri Mar 17, 2017 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: Merrill Lynch- can't change investment direction! Glitch?
Replies: 4
Views: 313

Re: Merrill Lynch- can't change investment direction! Glitch?

Merrill Lynch are still living in the 20th century. Both in terms of technology and investments. My employer's 401k is with Fidelity, and is very good, but the stock and options awards moved from Schwab to Merrill Lynch about three years ago. The user experience with Merrill Lynch is worse in every ...
by Ethelred
Fri Mar 17, 2017 9:33 am
Forum: Investing - Help with Personal Investments
Topic: Munis or CDs?
Replies: 9
Views: 884

Re: Munis or CDs?

Your reasoning looks good to me, except you're missing risk. Holding lower rated bonds should mean that VWIUX is higher risk than BMBIX, and, at least at $250k in value and below, a CD is lower risk than either of the bond funds, because of FDIC protection. Personally, though, I don't plan to invest...
by Ethelred
Thu Mar 09, 2017 10:45 am
Forum: Personal Finance (Not Investing)
Topic: Another W2 Vs 1099 question
Replies: 11
Views: 521

Re: Another W2 Vs 1099 question

Be sure you are contractually allowed to do this by your current employer. It's very common to be forbidden to work for a competitor. My employer actually requires approval from both HR and senior management before taking on outside work, even if in a completely unrelated sector.
by Ethelred
Wed Mar 08, 2017 8:25 pm
Forum: Investing - Help with Personal Investments
Topic: Opening Accounts with Vanguard on an F1 Visa
Replies: 2
Views: 128

Re: Opening Accounts with Vanguard on an F1 Visa

It depends on your intention after you graduate. If you return to the UK, you are likely to be holding investments that are not HMRC-reporting funds, which will create a big UK tax reporting headache. Valuethinker and a few others here know more about this than I do, but most people here and US citi...
by Ethelred
Sat Feb 25, 2017 2:40 pm
Forum: Investing - Help with Personal Investments
Topic: Regarding taxation USA
Replies: 3
Views: 363

Re: Regarding taxation USA

Can I choose to be considered as a resident alien for tax purpose, even if I do not pass the substantial presence test or any other test? Non-resident aliens are taxed at 30% withholding on all dividends. While resident aliens are only taxed at the long term cap gains rate, and also in a progressiv...
by Ethelred
Tue Feb 21, 2017 2:57 pm
Forum: Investing - Theory, News & General
Topic: The case against small cap value
Replies: 79
Views: 13938

Re: The case against small cap value

Morningstar indicates that all of those funds are right where they are supposed to be in the mid-cap value box. http://www.morningstar.com/funds/XNAS/VMVIX/quote.html http://www.morningstar.com/funds/XNAS/VMVAX/quote.html http://www.morningstar.com/etfs/arcx/voe/quote.html Yes. Bear in mind that th...
by Ethelred
Tue Feb 21, 2017 9:02 am
Forum: Investing - Theory, News & General
Topic: The case against small cap value
Replies: 79
Views: 13938

Re: The case against small cap value

While I agree that mid-cap value has had great historic returns, and I still hold some, someone here pointed something out to me last week: Vanguard's MCV fund (VMVIX/VMVAX/VOE) currently has pretty much no value tilt at all, and it hasn't had a consistent tilt to value since early 2011. For the PV ...
by Ethelred
Mon Feb 20, 2017 8:18 am
Forum: Investing - Theory, News & General
Topic: 2016 Relative Tax Efficiency
Replies: 43
Views: 4659

Re: 2016 Relative Tax Efficiency

I consider marginal rate to be the tax paid on the last x dollars of income divided by x. X may be $1 or any other amount you choose like your RMD for example. To get the number use a tax software program. I use TurboTax. Yes, I use TaxAct. Thanks. I'm afraid that wasn't the help I was looking for ...
by Ethelred
Sun Feb 19, 2017 3:20 pm
Forum: Investing - Theory, News & General
Topic: 2016 Relative Tax Efficiency
Replies: 43
Views: 4659

Re: 2016 Relative Tax Efficiency

So, this thread has made me realize that our effective LTCG / QDI rate is really high, due to AMT, as well as our marginal income tax being really high. I therefore have a question: what, if any, level of income tax and long-term capital gains tax during the accumulation phase would push you to inve...
by Ethelred
Sun Feb 19, 2017 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: Is there ideal Asset LOCATION % as you get closer to retirement?
Replies: 45
Views: 2343

Re: Is there ideal Asset LOCATION % as you get closer to retirement?

ved, In theory, yes. In real world? I am a lifetime 30+% gross income saver. I could not even reach half of that number. I max my Trad. 401K every year for 20+ years with the exception of maybe 5 years in total. <<Let's say, In the first 10 years, they contribute $10k per year.>> Student loan and l...
by Ethelred
Sun Feb 19, 2017 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: Is there ideal Asset LOCATION % as you get closer to retirement?
Replies: 45
Views: 2343

Re: Is there ideal Asset LOCATION % as you get closer to retirement?

I'm afraid several of your assumptions are wrong: A) The only kind of employer that are willing to contribute to the max is the self-employed people. Without going into details, I can guarantee that all of the senior managers and executives at both my company and my wife's company, are at the $54k c...
by Ethelred
Sun Feb 19, 2017 1:47 pm
Forum: Investing - Theory, News & General
Topic: 2016 Relative Tax Efficiency
Replies: 43
Views: 4659

Re: 2016 Relative Tax Efficiency

It appears to me that the top of the AMT exemption phaseout is intended to coincide (for households without large adjustments beyond the schedule A lines anyway) with a non-LTCG/QDIV income level that marks the beginning of the 39.6% bracket and 20% LTCG/QDIV taxation in the regular scheme. As well...
by Ethelred
Sun Feb 19, 2017 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: Is there ideal Asset LOCATION % as you get closer to retirement?
Replies: 45
Views: 2343

Re: Is there ideal Asset LOCATION % as you get closer to retirement?

ved, <<When does a tax-deferred amount be too much at retirement? >> <<I would think having all $2.5 mil in tax-deferred is not ideal. >> I am not quite sure that this is possible. There is a limited amount of tax deferred space available (18K for less than 50 years old, 24K for 50 and above) every...
by Ethelred
Fri Feb 17, 2017 4:29 pm
Forum: Investing - Help with Personal Investments
Topic: Does anyone have experience with Fidelity BrokerageLink?
Replies: 14
Views: 546

Re: Does anyone have experience with Fidelity BrokerageLink?

Don't want to hijack the thread but which funds are commission free? I have heard ishares funds and etfs and commission free on brokeragelink but would like a comprehensive list so I can see what my options are. I would call your 401k provider and ask for details - I would not assume there is a one...
by Ethelred
Fri Feb 17, 2017 3:23 pm
Forum: Investing - Help with Personal Investments
Topic: Liquidating 401K to consolidate - should I stay in CASH
Replies: 7
Views: 471

Re: Liquidating 401K to consolidate - should I stay in CASH

Here's what I would do with 401k rollover money, inheritance or if DB Cooper accidentally dropped a bundle containing 20 billion dollars on my driveway: 1) Look at my target asset allocation. 2) Buy the appropriate funds immediately to fulfill that target asset allocation. 3) Go make myself an ice ...
by Ethelred
Fri Feb 17, 2017 3:17 pm
Forum: Investing - Help with Personal Investments
Topic: Does anyone have experience with Fidelity BrokerageLink?
Replies: 14
Views: 546

Re: Does anyone have experience with Fidelity BrokerageLink?

I currently use the BrokerageLink in my 401k for our international emerging markets and international small allocations. I'm happy with the flexibility it provides, though not without reservations. It works fine, though there I think there's a day or two delay between purchases in my main 401k and B...
by Ethelred
Fri Feb 17, 2017 11:39 am
Forum: Investing - Theory, News & General
Topic: 2016 Relative Tax Efficiency
Replies: 43
Views: 4659

Re: 2016 Relative Tax Efficiency

Ethelred -- Kitces says yes: "In an AMT environment, the primary planning opportunity is actually to manage income around the AMT “bump zone” – that span of income where the AMT exemption is phased out, temporarily boosting AMT rates (and capital gains rates!) by an extra 7%." and "n...
by Ethelred
Fri Feb 17, 2017 10:58 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 1326
Views: 165705

Re: What's Your Credit Card Rewards Strategy?

My spouse is not citizen but legal resident. They have had 1 Chase Freedom Visa (on their own) for around a year and have no other credit history. Does anyone know if they would be eligible for any kind of card with a bonus (the Chase had a bonus of $100 or $150)? They don't want to apply and have ...
by Ethelred
Fri Feb 17, 2017 10:37 am
Forum: Investing - Theory, News & General
Topic: 2016 Relative Tax Efficiency
Replies: 43
Views: 4659

Re: 2016 Relative Tax Efficiency

Also, I would suggest deducting state tax from federal tax (either always, or at least as an option by default). Most investors who pay state tax and have taxable investments itemize deductions. The tax cost of an 8% state tax is only 6% if you are in the 25% federal tax bracket. As noted above, so...
by Ethelred
Tue Feb 14, 2017 4:07 pm
Forum: Investing - Theory, News & General
Topic: help me understand factor analysis - Regression vs M* box
Replies: 8
Views: 353

Re: help me understand factor analysis - Regression vs M* box

One of the other problems with the portfolio visualizer data is the limited historical data for some funds. Take for example VMVAX, it only has five years of data - the ETF version, VOE, has 10 years of data and you see much larger size and value exposure. Of course that might not tell you much eit...
by Ethelred
Tue Feb 14, 2017 4:04 pm
Forum: Investing - Theory, News & General
Topic: help me understand factor analysis - Regression vs M* box
Replies: 8
Views: 353

Re: help me understand factor analysis - Regression vs M* box

What is your R squared? If it's below 95% or so you probably don't have a good match and shouldn't put much stock in the results. You definitely need to include term/credit since 30% of your portfolio is fixed income. Honestly, get rid of mid-cap value. It doesn't tilt heavily enough to justify inc...
by Ethelred
Tue Feb 14, 2017 12:50 pm
Forum: Investing - Theory, News & General
Topic: help me understand factor analysis - Regression vs M* box
Replies: 8
Views: 353

Re: help me understand factor analysis - Regression vs M* box

In order to determine your factor loadings via regression (i.e. with Portfoliovisualizer) you have to select matching data (the dropdown called "Stock market" in Portfolio Visualizer). As you portfolio does not resemble a global stock market portfolio (USA would only have about 60% and no...
by Ethelred
Tue Feb 14, 2017 12:34 pm
Forum: Investing - Theory, News & General
Topic: help me understand factor analysis - Regression vs M* box
Replies: 8
Views: 353

Re: help me understand factor analysis - Regression vs M* box

The equity portion of your portfolio is heavily tilted to the U.S. The factor regression you ran is using global equities with U.S. stocks at their global market weight. I think this helps to explain your results, including the 224bp of annual alpha. (U.S. stocks outperformed non-U.S. significantly...
by Ethelred
Tue Feb 14, 2017 9:44 am
Forum: Investing - Theory, News & General
Topic: help me understand factor analysis - Regression vs M* box
Replies: 8
Views: 353

help me understand factor analysis - Regression vs M* box

So, I'm looking for some help understanding how my portfolio is actually tilted, as opposed to how I think it's tilted. My IPS looks like this: 20% Large-cap blend (e.g. VOO) 20% Mid-cap value (VMVAX) 10% Small-cap value (VSIIX) 10% Total international (VTIAX) 5% Emerging markets (FPMAX) 5% Internat...
by Ethelred
Mon Feb 13, 2017 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: Mega Corp - Long Term Incentive
Replies: 13
Views: 1437

Re: Mega Corp - Long Term Incentive

2. LTI Stock - Stick is split into two buckets. One you receive after a year and another after three years post the award. They are received into my brokerage account as 'Net Shares' - with taxes (Fed Withholding, Fed MED/EE, Fed OASDI/EE & State Withholding) already taken out. Assume the only ...
by Ethelred
Tue Feb 07, 2017 6:41 am
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 327
Views: 36606

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

So this page says offer expired 12/31/16, but it's still active. https://www.merrilledge.com/offers/1000offer Anyone try it this year? I need to roll over my 401k next month and I'm not sure I trust Vanguard to handle it correctly (part of it is a roth 401k), might as well take an incentive bonus a...
by Ethelred
Mon Feb 06, 2017 9:00 am
Forum: Investing - Help with Personal Investments
Topic: IRA Account Strategy - Spouse Overlap
Replies: 20
Views: 1518

Re: IRA Account Strategy - Spouse Overlap

Thank you for your comment. My main motivation is with the diversification, our portfolios would react differently. example: my portfolio is up, when hers is down; and her portfolio is up when mine is down. I think this is a bad idea, because of the difficulty it will cause with rebalancing. When t...
by Ethelred
Mon Feb 06, 2017 8:51 am
Forum: Investing - Help with Personal Investments
Topic: Expat Investor - portfolio recommendations
Replies: 9
Views: 705

Re: Expat Investor - portfolio recommendations

I think you need to be asking this question to someone who knows about Swiss and Japanese taxation. Asset allocation is only one part of the puzzle for expats.
by Ethelred
Sun Feb 05, 2017 8:08 am
Forum: Investing - Help with Personal Investments
Topic: Keeping some investments in Europe - HOW TO?
Replies: 13
Views: 926

Re: Keeping some investments in Europe - HOW TO?

I have a few shares from a share save scheme from a previous employer in the UK. When I wanted to sell them, after moving to the US, the broker in charge of the scheme was unable to sell shares for US tax residents. So, I moved them to the US, and they are sat in an account with Fidelity. Dividends ...
by Ethelred
Sat Feb 04, 2017 9:29 am
Forum: Personal Finance (Not Investing)
Topic: 70% marginal tax rate !?!
Replies: 25
Views: 4143

Re: 70% marginal tax rate !?!

Ouch! Our marginal rate is pretty heavy because we're at the worst point for AMT, but we have the luxury that Texas has no state income tax. Our property tax and sales tax are relatively low because we choose to live in a house that's still nice, but far cheaper than what we could afford if we wante...
by Ethelred
Fri Feb 03, 2017 10:35 am
Forum: Personal Consumer Issues
Topic: Best Expat Forums or Advice on Expat Package?
Replies: 10
Views: 1189

Re: Best Expat Forums or Advice on Expat Package?

I believe the main forum for US expats in the UK is called UK Yankee. I don't post myself, but have read threads there before because some of the issues for British expats in the US are similar to those for US expats in the UK, especially when it comes to taxes.
by Ethelred
Wed Feb 01, 2017 8:14 am
Forum: Investing - Help with Personal Investments
Topic: Unsure which country i'm retiring in - investing advice?!
Replies: 4
Views: 706

Re: Unsure which country i'm retiring in - investing advice?!

If you retire to the UK, you will want to invested in what are termed "HMRC reporting funds". I believe some Vanguard Ireland-domiciled ETFs fit this requirement. Others know more about these things than I do (possible Valuethinker?), but Google is also your friend. I am also a British exp...
by Ethelred
Sun Jan 29, 2017 11:55 am
Forum: Investing - Theory, News & General
Topic: Oil Speculators, are you greedy or fearful?
Replies: 26
Views: 2004

Re: Oil Speculators, are you greedy or fearful?

What time horizon do the majors use for amortization of newly developed resources? I thought Exxon used 20-30 years. So, it might take 3-5 years to bring a conventional resource on line, but if prices are cr@p 10 years from now, you still lose. I don't know their exact number, but Exxon are known f...
by Ethelred
Sun Jan 29, 2017 10:12 am
Forum: Investing - Theory, News & General
Topic: Oil Speculators, are you greedy or fearful?
Replies: 26
Views: 2004

Re: Oil Speculators, are you greedy or fearful?

I think we agree @Valuethinker. The HUGE change in the last couple years is in future projections of global demand, which have gone from exponentially climbing **forever** (in the economic sense 30-50 years) to sensible people debating when peak global demand will occur. Since it was never clear wh...
by Ethelred
Sun Jan 29, 2017 9:35 am
Forum: Investing - Theory, News & General
Topic: Oil Speculators, are you greedy or fearful?
Replies: 26
Views: 2004

Re: Oil Speculators, are you greedy or fearful?

Of course oil producers would buy shorts, but what is the deal with the record volume? On your first point, I am not involved with the economic strategy side of the business, but if I were to guess, I'd say that they are doing just what they are doing in 2014. The price is now about $50, but WTI re...
by Ethelred
Sat Jan 28, 2017 12:09 pm
Forum: Investing - Theory, News & General
Topic: Oil Speculators, are you greedy or fearful?
Replies: 26
Views: 2004

Re: Oil Speculators, are you greedy or fearful?

I'm guessing that no-one else in this thread has any internal knowledge of the oil industry. Some of this opening post is spot on, but the fundamentals are the most important part, and they are missing. I don't know if I agree with the thesis that hedgies are 'smart money', but they are probably bet...
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: 1196

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: 1196

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...

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