Search found 2602 matches

by JamesSFO
Wed Sep 28, 2016 10:13 am
Forum: Investing - Help with Personal Investments
Topic: Why Is a Vanguard Internal Transfer Taking Almost Two Months?
Replies: 10
Views: 1392

Re: Why Is a Vanguard Internal Transfer Taking Almost Two Months?

Vanguard isn't known for their excellent customer service. In fact, it's quite the oppsite. I'm happy to use and recommend their ETFs, but if good service is important you should look elsewhere. My grandmother died with pay on death bank and brokerage accounts at Wells Fargo, despite both her and m...
by JamesSFO
Tue Sep 27, 2016 9:03 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Vanguard Management
Replies: 16
Views: 1456

Re: Help with Vanguard Management

gwrvmd wrote:I think some of you have missed that this is an inherited IRA account.......Gordon


I'm not sure why that matters? My parents have an inherited IRA that was converted to the new format and dividends go into the settlement MMkt fund for RMDs.
by JamesSFO
Sun Sep 11, 2016 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: Company clawing back retirement contributions
Replies: 59
Views: 6704

Re: Company clawing back retirement contributions

Thank you for that anecdote. I believe my company has high levels of integrity. That being said, it did strike me that they are currently in budget-cutting mode across the system. The paranoia in me wondered if there might be some relationship. Usually these types of forfeitures can NOT be returned...
by JamesSFO
Sun Sep 11, 2016 1:56 am
Forum: Personal Finance (Not Investing)
Topic: Company clawing back retirement contributions
Replies: 59
Views: 6704

Re: Company clawing back retirement contributions

You might try a BIFF response (brief, informative, friendly, firm), you've got a fair bit of invective/negative spin that isn't adding a lot of value. How about: I am looking for more information about the over contributions, can you give me a detailed breakdown of the over contributions by date to...
by JamesSFO
Sat Sep 10, 2016 12:34 pm
Forum: Personal Finance (Not Investing)
Topic: Company clawing back retirement contributions
Replies: 59
Views: 6704

Re: Company clawing back retirement contributions

Just received a note from employer stating they miscalculated and need to claw back about $4000 in retirement contributions due to earlier miscalculations that they made. About $2500 of this is the contribution, and an additional $1500 is what they calculated as the earnings/investments on this. Fe...
by JamesSFO
Fri Sep 09, 2016 7:07 am
Forum: Investing - Theory, News & General
Topic: ["Wells Fargo Fined for Years of Harm to Customers"]
Replies: 129
Views: 8077

Re: ["Wells Fargo Fined for Years of Harm to Customers"]

I also do not really understand how this went on for so long without more people noticing? The NYTimes says they have 40 million retail bank customers, so 1 in 40 people had fake accounts opened?!?!?!
by JamesSFO
Wed Aug 31, 2016 10:39 am
Forum: Personal Consumer Issues
Topic: Blue Apron
Replies: 155
Views: 19037

Re: Blue Apron

Aside this month's Consumer Reports rated a number of these services, Blue Apron was lowest ranked and Hello Fresh was highest ranked.
by JamesSFO
Mon Aug 29, 2016 8:56 am
Forum: Personal Finance (Not Investing)
Topic: can't use testamentary trust as beneficiary, what next?
Replies: 28
Views: 2162

Re: can't use testamentary trust as beneficiary, what next?

I think this was mentioned already, but you can create a trust that exists now as well/instead thus solving the problem. E.g. the Jane and John Doe Living Trust Dated 1/1/2016 etc.
by JamesSFO
Tue Aug 09, 2016 7:34 am
Forum: Investing - Theory, News & General
Topic: Talking about the Bogleheads approach with non-Bogleheads
Replies: 64
Views: 4724

Re: Talking about the Bogleheads approach with non-Bogleheads

Pete12 wrote:The advisor calls them at all hours of the day and night to check in, and they feel that they are back on track with their finances.


Maybe they are getting something of value from this?

Anyhow, you can lead a horse to water but you can't make it drink.
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: 6319

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: 6319

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: 6319

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: 458

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: 5592

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: 416

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: 5592

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: 2028

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: 2102

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: 731

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: 48
Views: 6209

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: 2028

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: 2028

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: 48
Views: 6209

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: 174
Views: 14389

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: 73890

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: 48
Views: 6209

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: 822

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: 1555

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: 48
Views: 6209

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: 48
Views: 6209

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: 48
Views: 6209

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: 48
Views: 6209

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: 850

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: 850

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: 6727

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: 174
Views: 14389

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: 48
Views: 6209

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: 348
Views: 62127

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: 1444

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: 21492

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: 654

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: 7584

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: 3576

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: 9317

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: 9317

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: 617

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: 8360

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...

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