Search found 2593 matches

by JamesSFO
Fri Jul 22, 2016 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: Networth = Age x Pretax income then divide by 10?
Replies: 49
Views: 6116

Re: Networth = Age x Pretax income then divide by 10?

I like these sorts of rules of thumb (much like "Your Money Ratios" book) to help get some calibration on how you are doing. The Your Money Ratios version is nice in that it is linked to 80% income replacement at age 65 with different multipliers for ages 20-65: Age Capital to Income (CIR...
by JamesSFO
Thu Jul 21, 2016 8:58 pm
Forum: Personal Finance (Not Investing)
Topic: Networth = Age x Pretax income then divide by 10?
Replies: 49
Views: 6116

Re: Networth = Age x Pretax income then divide by 10?

Traveler wrote:It's right on for me (age 44), but it probably doesn't work too well for a younger person. Nor for someone who just increased their income drastically.


That's why I like the Your Money Ratios version which is more age sensitive.
by JamesSFO
Thu Jul 21, 2016 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: Networth = Age x Pretax income then divide by 10?
Replies: 49
Views: 6116

Re: Networth = Age x Pretax income then divide by 10?

I like these sorts of rules of thumb (much like "Your Money Ratios" book) to help get some calibration on how you are doing. The Your Money Ratios version is nice in that it is linked to 80% income replacement at age 65 with different multipliers for ages 20-65: Age Capital to Income (CIR)...
by JamesSFO
Mon Jul 18, 2016 9:19 am
Forum: Investing - Theory, News & General
Topic: Small business 401k [choosing a provider]
Replies: 8
Views: 416

Re: Small business 401k [choosing a provider]

Vanguard/Ascensus, we left Ubiquity for them and it's been great.
by JamesSFO
Sun Jul 17, 2016 9:56 pm
Forum: Personal Finance (Not Investing)
Topic: I created dependency, now what?
Replies: 50
Views: 5375

Re: I created dependency, now what?

Can you clarify the rough amount of contribution each month and what percentage of the family's income you believe that contribution to be? $60, but when converted to their country's currency it is a very decent amount. I don't know the answer to the second question. Thanks for sharing, I guess if ...
by JamesSFO
Sat Jul 16, 2016 7:22 pm
Forum: Investing - Help with Personal Investments
Topic: Third Party Administrator (TPA) Experience?
Replies: 4
Views: 379

Re: Third Party Administrator (TPA) Experience?

Vanguard paired with Ascensus has been great for our small business (<10 participants; combined 401K/defined benefit plan; $1.5M-ish of assets in combined plans).

Ubiquity (formerly theonline 401K) was a disaster even before the most recent round of trouble.

[fixed typo]
by JamesSFO
Sat Jul 16, 2016 7:21 pm
Forum: Personal Finance (Not Investing)
Topic: I created dependency, now what?
Replies: 50
Views: 5375

Re: I created dependency, now what?

Can you clarify the rough amount of contribution each month and what percentage of the family's income you believe that contribution to be?
by JamesSFO
Wed Jul 13, 2016 6:25 pm
Forum: Personal Finance (Not Investing)
Topic: New Fidelity Visa: How to Log In?
Replies: 17
Views: 1888

Re: New Fidelity Visa: How to Log In?

They sent me a 1.5% visa to replace 1.5%, quick call and they set it to 2% no fuss. Interesting. I had both the AMEX and Visa from the old bank. I received my new cards about 1 month ago. I've called numerous times asking to convert the old visa to the 2% program and everytime I call they tell me t...
by JamesSFO
Thu Jul 07, 2016 12:36 am
Forum: Personal Finance (Not Investing)
Topic: How to finance M7 MBA
Replies: 20
Views: 1973

Re: How to finance M7 MBA

Btw, I wasn't familiar with the term "M7 MBA":

The M7 (also known as the Magnificent 7 and Magic 7) is a set of elite business schools consisting of... [top 7 programs]


Source: http://www.topmba.com/forum/rankings/what-does-m7-mean

Might be useful information for commentators.
by JamesSFO
Sun Jul 03, 2016 8:56 am
Forum: Personal Finance (Not Investing)
Topic: Unfreeze Credit with Transunion?
Replies: 6
Views: 697

Re: Unfreeze Credit with Transunion?

I've had it take as little as 30 seconds and as much as 24 hours. That's why I usually unfreeze for 2 weeks even if I think I need it right away and will be done, you never know when you'll hit a snag. It's a pain in the ass and if you were a victim of identity theft can leave you feeling disempower...
by JamesSFO
Wed Jun 22, 2016 10:31 am
Forum: Investing - Theory, News & General
Topic: Avoid Ubiquity Savings as 401(k) provider until they fix Mar/Apr 2016 problems
Replies: 46
Views: 5352

Re: Avoid Ubiquity Savings as 401(k) provider until they fix Mar/Apr 2016 problems

Talked to the boss - he doesn't want to invest time in getting rid of these guys right now - says if we're going to do that, it will be at the end of the year, when we might move to TriNet (our HR provider is Zenefits, and they are a similarly bad provider - routinely mess things up). I should have...
by JamesSFO
Sun Jun 19, 2016 3:45 pm
Forum: Personal Finance (Not Investing)
Topic: New Fidelity Visa: How to Log In?
Replies: 17
Views: 1888

Re: New Fidelity Visa: How to Log In?

They sent me a 1.5% visa to replace 1.5%, quick call and they set it to 2% no fuss.
by JamesSFO
Sat Jun 18, 2016 7:38 am
Forum: Personal Finance (Not Investing)
Topic: New Fidelity Visa: How to Log In?
Replies: 17
Views: 1888

Re: New Fidelity Visa: How to Log In?

I don't have my new Elan cards yet but I went to Fidelity.com, logged in and saw all 4 cards (2 from FIA and 2 from Elan) clicked on the Elan ones and set up autopay, etc.
by JamesSFO
Mon May 30, 2016 2:07 pm
Forum: Investing - Theory, News & General
Topic: Avoid Ubiquity Savings as 401(k) provider until they fix Mar/Apr 2016 problems
Replies: 46
Views: 5352

Re: Avoid Ubiquity Savings as 401(k) provider until they fix Mar/Apr 2016 problems

Someone at the Ubiquity Facebook link posted this place to file complaints with the Department of Labor: https://www.askebsa.dol.gov/WebIntake/Home.aspx Myself...we just started with Ubiquity. They finally fixed it so I could enroll, and my employer / plan sponsor wants me to give them a try since ...
by JamesSFO
Fri May 27, 2016 9:41 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Customer Service
Replies: 154
Views: 12286

Re: Vanguard Customer Service

segfault wrote:<snipped>Has anyone else had issues converting to Admiral shares? I don’t see this as being worth leaving Vanguard over, but it is really irritating.


That's UNBELIEVABLY frustrating. Sorry to even read it. I've not had a problem like that. Keep escalating.
by JamesSFO
Fri May 27, 2016 9:40 am
Forum: Investing - Theory, News & General
Topic: "Vanguard converting mutual fund accounts to brokerage?
Replies: 400
Views: 72310

Re: "Vanguard converting mutual fund accounts to brokerage?

I don't know if anyone else is bothered by it, but I am repeatedly left with a penny in the "Settlement Fund". Something like that happened to me once, and I ended up receiving a paper check for one cent from Vanguard. I keep it as a souvenir. I had my Flagship rep fix it by moving the $ ...
by JamesSFO
Wed May 25, 2016 1:35 am
Forum: Investing - Theory, News & General
Topic: Avoid Ubiquity Savings as 401(k) provider until they fix Mar/Apr 2016 problems
Replies: 46
Views: 5352

Re: Avoid Ubiquity Savings as 401(k) provider until they fix Mar/Apr 2016 problems

You can get Admiral share class through Employee Fiduciary without a problem - regardless of size. I have a client with 3 employees that uses EF and has a lineup of Admiral Share Class funds with EF. I am aware of both platforms and, generally speaking, EF should be less expensive than Vanguard/Asc...
by JamesSFO
Tue May 24, 2016 10:28 am
Forum: Investing - Theory, News & General
Topic: Vanguard Celebrates VTI's 15th Birthday
Replies: 6
Views: 775

Vanguard Celebrates VTI's 15th Birthday

Cute blog post recognizing VTI's 15th birthday (vanguard's first ETF): http://vanguardblog.com/2016/05/24/our-first-etf-is-15-years-old/ And now here we are. Almost halfway through 2016, as you approach your 15th birthday, you have grown to a $59 billion share class of the $418 billion Vanguard Tota...
by JamesSFO
Mon May 23, 2016 11:42 am
Forum: Personal Finance (Not Investing)
Topic: What's the deal with credit freeze charges?
Replies: 22
Views: 1479

Re: What's the deal with credit freeze charges?

I thought for ID theft if you had a police report on file with them they waived the fees in all states? I know they do in California.
by JamesSFO
Sun May 22, 2016 8:56 am
Forum: Investing - Theory, News & General
Topic: Avoid Ubiquity Savings as 401(k) provider until they fix Mar/Apr 2016 problems
Replies: 46
Views: 5352

Re: Avoid Ubiquity Savings as 401(k) provider until they fix Mar/Apr 2016 problems

Thanks morefd3 - good to know it's possible and how you did it. I want to look into Employee Fiduciary as an alternative. Unfortunately Vanguard / Ascensus seems too expensive as my employer is under 10 people. But I'm wondering if maybe this is just something you can't do if you're too small. I do...
by JamesSFO
Sun May 22, 2016 8:55 am
Forum: Investing - Theory, News & General
Topic: Avoid Ubiquity Savings as 401(k) provider until they fix Mar/Apr 2016 problems
Replies: 46
Views: 5352

Re: Avoid Ubiquity Savings as 401(k) provider until they fix Mar/Apr 2016 problems

JamesSFO - who did you move your 401(k) to? Did you pay Ubiquity to close it (I think they charge sometlhing like $1K)? (**oops, sorry - he said above they left for Vanguard / Ascensus**) We left circa late spring/early summer 2015 before this round of problems though we had other problems with Ubi...
by JamesSFO
Fri May 20, 2016 3:57 pm
Forum: Investing - Theory, News & General
Topic: Avoid Ubiquity Savings as 401(k) provider until they fix Mar/Apr 2016 problems
Replies: 46
Views: 5352

Re: Avoid Ubiquity Savings as 401(k) provider until they fix Mar/Apr 2016 problems

The CEO post on Facebook really irks me. You shouldn't be touting all of your "flawless" trades when there are so many that are currently incorrect. Maybe as a percentage of clients this is a small issue, but I've seen too many on here, and I'm sure there are many more who aren't posting ...
by JamesSFO
Mon May 16, 2016 1:12 am
Forum: Investing - Theory, News & General
Topic: Avoid Ubiquity Savings as 401(k) provider until they fix Mar/Apr 2016 problems
Replies: 46
Views: 5352

Re: Avoid Ubiquity Savings as 401(k) provider until they fix Mar/Apr 2016 problems

When we had Ubiquity, the funds were all held by TD Ameritrade and everything was in pooled holdings, e.g. we would get TDA statements showing say 10K shares of VG Total Stock, even if no one participant had 10K shares that was the sum of everyone's VG Total Stock, etc. The TDA statements did not ha...
by JamesSFO
Tue May 10, 2016 12:31 am
Forum: Investing - Help with Personal Investments
Topic: Moving a 401k plan to Vanguard? Is it easy?
Replies: 8
Views: 800

Re: Moving a 401k plan to Vanguard? Is it easy?

Thanks JamesSFO and Pulling Hard. Glad to hear both went smoothly. That doesn't sound too bad at all. As I mentioned, we have just under $700k in our plan, so I imagine that we would be with Vanguard/Ascensus. Management fees of $3-6k don't sound too bad (equates to .5-1% annually) -- less than we ...
by JamesSFO
Mon May 09, 2016 4:12 pm
Forum: Investing - Help with Personal Investments
Topic: Moving a 401k plan to Vanguard? Is it easy?
Replies: 8
Views: 800

Re: Moving a 401k plan to Vanguard? Is it easy?

I'm not sure whether your plan would be direct-sold with Vanguard or a combined Vanguard/Ascensus plan. I can speak to a Vanguard/Ascensus plan. We transitioned from one low cost provider (Ubiquity formerly TheOnline401K) to Vanguard/Ascensus. Overall went quite smoothly, all problems were on Ubiqui...
by JamesSFO
Mon May 02, 2016 7:34 am
Forum: Personal Finance (Not Investing)
Topic: Potential Employer was excited to hire me! Then silence... What did I do?
Replies: 60
Views: 6624

Re: Potential Employer was excited to hire me! Then silence... What did I do?

At least in California, my recollection is an adverse background check would have to be disclosed much like an adverse credit report issue. Worth asking specifically about this though.
by JamesSFO
Sun May 01, 2016 4:14 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Customer Service
Replies: 154
Views: 12286

Re: Vanguard Customer Service

Flagship here with Vanguard, have usually had good experiences, but have also had bad Flagship reps. Sort of recommend anyone with enough assets to have some Admiral-type shares also have a smaller account with another institution, helps keep perspective. Fidelity is my #2 site and they've been quit...
by JamesSFO
Thu Apr 28, 2016 12:39 pm
Forum: Investing - Theory, News & General
Topic: Avoid Ubiquity Savings as 401(k) provider until they fix Mar/Apr 2016 problems
Replies: 46
Views: 5352

Re: Avoid Ubiquity Savings as 401(k) provider until they fix Mar/Apr 2016 problems

Wow, this is horrendous, so glad we left them in 2015 for Vanguard/Ascensus.
by JamesSFO
Tue Apr 26, 2016 10:05 am
Forum: Personal Finance (Not Investing)
Topic: Anyone regret paying off mortgage early?
Replies: 333
Views: 55998

Re: Anyone regret paying off mortgage early?

Stupid question but with ~7 pages to the thread now, did we actually find someone who regretted paying off early? Also, to Victoria's example of a disaster loss. It's a reasonable thought in a non-recourse state if your mortgage loan is still non-recourse (often becomes recoursable during refinance...
by JamesSFO
Mon Mar 21, 2016 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: What Fees does Vanguard charge for Admin 401k
Replies: 12
Views: 1395

Re: What Fees does Vanguard charge for Admin 401k

We use the Ascensus-based Vanguard plan for a <10 emp company. Fees are like $2-3K/year and COULD be defrayed if we used regular instead of Admiral shares.

They have been awesome.
by JamesSFO
Tue Mar 08, 2016 4:18 pm
Forum: Investing - Theory, News & General
Topic: Michael Kitces says IRS auditors disapprove of Backdoor Roth IRA's
Replies: 154
Views: 20906

Re: Michael Kitces says IRS auditors disapprove of Backdoor Roth IRA's

I guess one question would be, do these IRS agents think there is ANY amount of time to wait to convert that would be ok (and thus avoid the step transaction doctrine)? If not, then they are just ignoring the statute which allows people to convert without limit, which was a clear change in the law.
by JamesSFO
Tue Feb 23, 2016 11:10 am
Forum: Investing - Theory, News & General
Topic: New 401(k) plan is live - thank you!
Replies: 3
Views: 629

Re: New 401(k) plan is live - thank you!

Congrats!

Who is your provider in the end?
by JamesSFO
Tue Feb 09, 2016 10:14 pm
Forum: Personal Finance (Not Investing)
Topic: Flagship Investor with 700 credit score ?
Replies: 52
Views: 7472

Re: Flagship Investor with 700 credit score ?

Get you free copies (1 per reporting agency annually) and look what is ON the reports.
by JamesSFO
Tue Feb 02, 2016 8:33 am
Forum: Personal Finance (Not Investing)
Topic: Already filed taxes, didn't include small amount of interest income
Replies: 31
Views: 3493

Re: Already filed taxes, didn't include small amount of interest income

In the past when I had late arriving materials (e.g. K-1 I wasn't expecting) but value was under like $25, my CPA just reported it the following year... Amendment is the fully proper choice, but for such a small amount the time spent amending exceeds the taxes, etc.
by JamesSFO
Sat Jan 30, 2016 11:46 pm
Forum: Investing - Help with Personal Investments
Topic: 401K Provider
Replies: 67
Views: 8615

Re: 401K Provider

By the way, we ended up leaving Ubiquity due to their repeated inability to fix simple errors... Who did you change to? How did the conversion go for you? Vanguard/Ascensus. Ascensus was wonderful. Ubiquity had difficulties giving us simple Excel or CSV reports. But Ascensus handled all of the Ubiq...
by JamesSFO
Sat Jan 30, 2016 9:09 am
Forum: Investing - Help with Personal Investments
Topic: 401K Provider
Replies: 67
Views: 8615

Re: 401K Provider

By the way, we ended up leaving Ubiquity due to their repeated inability to fix simple errors...
by JamesSFO
Sun Jan 17, 2016 10:37 am
Forum: Personal Finance (Not Investing)
Topic: Does IRS enforce Roth IRA income phaseout?
Replies: 3
Views: 599

Re: Does IRS enforce Roth IRA income phaseout?

Any chance you can roll your IRA into your 401K?
by JamesSFO
Tue Jan 12, 2016 9:09 pm
Forum: Investing - Theory, News & General
Topic: "It's a Perfect Strategy for My Enemies" [Scott Adams on Active Management]
Replies: 73
Views: 8120

Re: "It's a Perfect Strategy for My Enemies" [Scott Adams on Active Management]

Highly recommend Rick Ferri's paper: A Case for Index Fund Portfolios Investors holding only index funds have a better chance for success Richard A. Ferri, CFA Portfolio Solutions®, LLC Alex C. Benke, CFP® Betterment EXECUTIVE SUMMARY The success of index investing in individual asset class categori...
by JamesSFO
Sat Jan 09, 2016 9:24 am
Forum: Personal Finance (Not Investing)
Topic: [Fidelity drops AmEx, Bank of America credit cards]
Replies: 266
Views: 31373

Re: [Fidelity drops AmEx, Bank of America credit cards]

I have the FIA AMEX and the FIA VISA. I just called them and asked to be converted now to the new 2% VISA. Overall it took about 20 minutes, but I'm told my new card is on its way and that my existing cards will remain valid until I receive the new one. Weird my neighbor called and was told you cou...
by JamesSFO
Sat Jan 09, 2016 1:38 am
Forum: Personal Finance (Not Investing)
Topic: The Index Card (new personal finance book)
Replies: 13
Views: 1704

NYTimes: Index Card Sized Financial Advice

Good Boglehead-consistent advice from 8 personal finance authors on a single index card via the NYTimes: http://www.nytimes.com/2016/01/09/your- ... short.html
by JamesSFO
Tue Jan 05, 2016 10:52 pm
Forum: Investing - Help with Personal Investments
Topic: Flagship customer service
Replies: 10
Views: 1444

Re: Flagship customer service

There is a lot of variance among the reps, I've had 3 in the past ~5 years, and the first J- was awesome. She disappeared and I got B-. B- was a disaster. Then B- disappeared and I got D-. D- rocks. Anyhow, just ask to be re-assigned. I will also second using email to contact them and get them tee'e...
by JamesSFO
Mon Jan 04, 2016 4:33 pm
Forum: Personal Finance (Not Investing)
Topic: [Fidelity drops AmEx, Bank of America credit cards]
Replies: 266
Views: 31373

Fido Amex going away?

Looks like Fidelity is launching a new product with Elan Financial Services, it was a note dated today in my accountL

https://www.fidelity.com/cash-managemen ... ember-faqs

EDIT TO ADD: Unclear what new rewards program will be, cards will ONLY be Visa.
by JamesSFO
Thu Dec 31, 2015 11:08 am
Forum: Personal Finance (Not Investing)
Topic: Best No Annual Fees Rewards/Cash-Back Credit Cards
Replies: 87
Views: 8598

Re: Best No Annual Fees Rewards/Cash-Back Credit Cards

I'm a big fan of this 120+ page FatWallet thread on credit card offers, the first page has a good summary in the second post:

http://www.fatwallet.com/forums/finance/711457/
by JamesSFO
Sat Dec 19, 2015 12:32 am
Forum: Investing - Theory, News & General
Topic: "Vanguard converting mutual fund accounts to brokerage?
Replies: 400
Views: 72310

Re: "Vanguard converting mutual fund accounts to brokerage?

I think I consolidated the last of my mutual funds with my other brokerage holdings in the late 80's. That this is STILL an issue at Vanguard and still causing problems, wailing and gnashing of teeth is kind of astounding. This issue mainly and other posts about some other anachronistic practices i...
by JamesSFO
Mon Dec 07, 2015 9:41 am
Forum: Investing - Theory, News & General
Topic: Vanguard sued for [failing to charge market rates to and then paying taxes on services to its mutual funds]
Replies: 781
Views: 125156

Re: Vanguard sued for [failing to charge market rates to and then paying taxes on services to its mutual funds]

Also, as for the government vs private sector comparison, Exxon-Mobil's 401k plan has an ER of around 3.5 bp, not much more than TSP. And this goes in line with the point I made much earlier in the thread--that it's not clear to me that Vanguard couldn't get us all lower expenses by simply contract...
by JamesSFO
Fri Dec 04, 2015 10:39 pm
Forum: Investing - Theory, News & General
Topic: Bond vs Bond Fund (I'm not grasping)
Replies: 21
Views: 1920

Re: Bond vs Bond Fund (I'm not grasping)

Two big ones: most (many?) bond funds don't hold to maturity and mark to market accounting. Lack of holding to maturity means that the bond fund will likely sell most bonds around when they are a year old to match the index and buy new bonds. Mark to market accounting means that the bond fund has to...

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