Search found 2730 matches

by JamesSFO
Sun Feb 19, 2017 12:05 am
Forum: Investing - Help with Personal Investments
Topic: [Lousy] 401k vs. Taxable Account and Some Tax Questions
Replies: 6
Views: 370

Re: [Lousy] 401k vs. Taxable Account and Some Tax Questions

That's a pretty painfully bad 401K, it may pay to stop contributing without a match and if you expect to be there a while (1%+ ERs + 1.87% per anum fee = really bad). If you think you might leave in next 2-3 years then keep building it up.
by JamesSFO
Fri Feb 17, 2017 9:53 am
Forum: Personal Finance (Not Investing)
Topic: 1099s Up for Brokerage
Replies: 5
Views: 372

1099s Up for Brokerage

I had my 1099 consolidated late last night at Vanguard for my new-style brokerage account, still waiting on Fidelity...
by JamesSFO
Thu Feb 16, 2017 11:24 pm
Forum: Investing - Help with Personal Investments
Topic: Closed my Roth IRA due to political uncertainty - mistake???
Replies: 102
Views: 5578

Re: Closed my Roth IRA due to political uncertainty - mistake???

Sounds like good progress. Take your time you've got plenty of time to make changes, sticking with a bond-heavy fund for a while will likely make it easier for you to stay the course.
by JamesSFO
Thu Feb 16, 2017 10:20 pm
Forum: Investing - Help with Personal Investments
Topic: Closed my Roth IRA due to political uncertainty - mistake???
Replies: 102
Views: 5578

Re: Closed my Roth IRA due to political uncertainty - mistake???

... The OP said there were no earnings - that the amount in his account was less than what he contributed. Therefore there would be no tax/penalty. That may be true, but I think people posting are trying to make the point that the OP still should make sure this was designated a rollover rather than...
by JamesSFO
Thu Feb 16, 2017 10:13 pm
Forum: Personal Finance (Not Investing)
Topic: Help with filling in Form 5500 for Solo 401k
Replies: 10
Views: 565

Re: Help with filling in Form 5500 for Solo 401k

Thanks, did not know that piece.
by JamesSFO
Thu Feb 16, 2017 6:00 pm
Forum: Investing - Help with Personal Investments
Topic: Closed my Roth IRA due to political uncertainty - mistake???
Replies: 102
Views: 5578

Re: Reopening Roth after a panic move - need advice on investment

Just got off the horn w/ Vanguard. All set. This wasn't/isn't employer sponsored, so it's going in as a contribution. I went with TRF 2015 for now. Thanks again for all the input. This is wrong. If it came out of an IRA of any type (and wasn't a RMD) it's rollover eligible. If you don't intend to c...
by JamesSFO
Thu Feb 16, 2017 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: Help with filling in Form 5500 for Solo 401k
Replies: 10
Views: 565

Re: Help with filling in Form 5500 for Solo 401k

Well, they had me fill in two qualified plan setup forms, one for the trad 401k and one for the Roth 401k. Seems like two plans to me. I'll have them confirm. Thanks again for your help! Seems bizarre, do you really have two plan #s? Anyhow if that's the case, you might not be at the $250K limit un...
by JamesSFO
Wed Feb 15, 2017 10:29 pm
Forum: Personal Finance (Not Investing)
Topic: Help with filling in Form 5500 for Solo 401k
Replies: 10
Views: 565

Re: Help with filling in Form 5500 for Solo 401k

Thanks! The provider is Hedgeable, and Folio Client actually holds the 401k. No advice given (although I might ask). They did have me open 2 separate accounts for the Roth and Trad which confuses me. I do know that you have to file a 5500 for each plan if the aggregate is over 250k, even if individ...
by JamesSFO
Wed Feb 15, 2017 8:19 pm
Forum: Investing - Help with Personal Investments
Topic: Cost basis of fractional shares for ACAT transfer?
Replies: 8
Views: 355

Re: Cost basis of fractional shares for ACAT transfer?

Hmm, I've had ACAT transfers into Vanguard and my recollection is that they transferred the fractional shares over with all of the correct cost basis information. Mutual funds or ETFs? I've never had fractional shares of ETFs transfer, but MFs it's typical. I may be mixing I did both mutual funds a...
by JamesSFO
Wed Feb 15, 2017 8:14 pm
Forum: Investing - Help with Personal Investments
Topic: Cost basis of fractional shares for ACAT transfer?
Replies: 8
Views: 355

Re: Cost basis of fractional shares for ACAT transfer?

Hmm, I've had ACAT transfers into Vanguard and my recollection is that they transferred the fractional shares over with all of the correct cost basis information. Mutual funds or ETFs? I've never had fractional shares of ETFs transfer, but MFs it's typical. I may be mixing I did both mutual funds a...
by JamesSFO
Wed Feb 15, 2017 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: Help with filling in Form 5500 for Solo 401k
Replies: 10
Views: 565

Re: Help with filling in Form 5500 for Solo 401k

Each 5500 is for one EIN/Plan #. E.g. EIN ##-1234567 is your S-CORP and ##-7654321 is your other one. The Roth/Traditional is a red herring, you have a single plan for each in which there are different types of balances. E.g. S-Corp Plan #1 has both Roth and traditional balances. I believe the 5500 ...
by JamesSFO
Wed Feb 15, 2017 12:56 am
Forum: Investing - Help with Personal Investments
Topic: Cost basis of fractional shares for ACAT transfer?
Replies: 8
Views: 355

Re: Cost basis of fractional shares for ACAT transfer?

Hmm, I've had ACAT transfers into Vanguard and my recollection is that they transferred the fractional shares over with all of the correct cost basis information.
by JamesSFO
Tue Feb 14, 2017 9:54 am
Forum: Personal Finance (Not Investing)
Topic: 401k Record Keeping Fee
Replies: 87
Views: 10352

Re: 401k Record Keeping Fee

Another question on whether our 401k account is getting ripped off on fees. Small publishing company, based in New York City. Approximately 80 employees, total 401(k) assets in the region of $900,000. We switched our fund administrator from MassMutual (ranked dead last for 401(k) plan sponsors) to ...
by JamesSFO
Sat Feb 11, 2017 8:21 am
Forum: Personal Finance (Not Investing)
Topic: Healthcare Spending Account Newbie- Help with rules...
Replies: 6
Views: 452

Re: Healthcare Spending Account Newbie- Help with rules...

Others more knowledgable then me may step in, but I believe that HSA-compatibility is an insurance company determination that is not solely based on the deductible. This page explains why you are likely not eligible: https://www.benefitresource.com/participants/health-savings-account-hsa/hsa-basics/
by JamesSFO
Thu Feb 09, 2017 11:31 pm
Forum: Personal Finance (Not Investing)
Topic: $600 annual fee for 401K??
Replies: 15
Views: 1753

Re: $600 annual fee for 401K??

Wow, that's a crazy amount to pay for a solo 401K plan, it should be free or almost free. Vanguard, Fidelity, TD Ameritrade and others will do this for free.
by JamesSFO
Tue Feb 07, 2017 9:27 pm
Forum: Investing - Help with Personal Investments
Topic: Wow, Vanguard Flagship service is bad. Really bad.
Replies: 132
Views: 16920

Re: Wow, Vanguard Flagship service is bad. Really bad.

Fair point. Question should have been: Are others seeing this or is it just bad luck on my part? As with any process dependent on people, Flagship representatives can vary. I've had 2 good ones and 1 that I didn't care for over the last ~18 or so years. My current one is fantastic. If you aren't ha...
by JamesSFO
Tue Feb 07, 2017 8:58 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard lifestrategy vs. Target Date Funds
Replies: 4
Views: 704

Re: Vanguard lifestrategy vs. Target Date Funds

I believe most companies that default to a LS-type fund just pick one default, e.g. 60 stock/40 bond. Your plan administrator should have some perspective on this. Since the LS fund will not "glide", picking a default that someone who forgets about it can stick to is important. I also woul...
by JamesSFO
Sun Feb 05, 2017 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: To add total intl bond or not?
Replies: 7
Views: 456

Re: To add total intl bond or not?

Thanks for the pointers, somehow I missed the recent Jan 22 thread for example.
by JamesSFO
Sun Feb 05, 2017 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: To add total intl bond or not?
Replies: 7
Views: 456

To add total intl bond or not?

So I hold a 3 fund portfolio (70 equity/30 bond; equity split 70 US/30 intl); for 2017 total intl bond became an option in my 401k. What are folks doing a year or so in to the availability of total intl bond?
by JamesSFO
Sat Feb 04, 2017 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: Quicken's future direction - a cause for concern
Replies: 106
Views: 8984

Re: Quicken's future direction - a cause for concern

Wow way to pound the program to irrelevancy.
by JamesSFO
Thu Feb 02, 2017 7:41 pm
Forum: Investing - Help with Personal Investments
Topic: Protecting a sizable amount of capital for 10 years.
Replies: 16
Views: 1963

Re: Protecting a sizable amount of capital for 10 years.

Btw I think this may be the post referenced at the top: viewtopic.php?f=1&t=208043

It seems to me that there is a reasonable chance of accepting some risk so something like an 80% bonds/20% equity portfolio is actually pretty reasonable.
by JamesSFO
Thu Feb 02, 2017 7:02 pm
Forum: Investing - Help with Personal Investments
Topic: Schwab Business 401(k) pricing
Replies: 15
Views: 677

Re: Schwab Business 401(k) pricing

Guideline severely restricts plan provisions. To use them, I would be forced to do a safe harbor match, they didn't allow for new comparability formula, and I think (this part of fuzzy in my memory) they required immediate entry to the plan. There wasn't much strategy involved in the 401k plan desi...
by JamesSFO
Thu Feb 02, 2017 5:24 pm
Forum: Investing - Help with Personal Investments
Topic: Schwab Business 401(k) pricing
Replies: 15
Views: 677

Re: Schwab Business 401(k) pricing

Also, no clue how they are but it may pay to check Guideline "[they] provide[] amazing 401(k) benefits with clear pricing to growing SMBs, with zero management or advisory fees. $8/participant/month. With 100% automated administration."

URL: https://blog.guideline.com/about
by JamesSFO
Thu Feb 02, 2017 5:22 pm
Forum: Investing - Help with Personal Investments
Topic: Schwab Business 401(k) pricing
Replies: 15
Views: 677

Re: Schwab Business 401(k) pricing

....Our guy/his company will charge .30%... :confused What? That's a pretty painful hit for employees potentially. Is that taken out of their account balances? So we're actually very happy with this, if he's correct about the Schwab fees. Most places (aside from EF which is just .08% but has the $1...
by JamesSFO
Thu Feb 02, 2017 4:09 pm
Forum: Investing - Help with Personal Investments
Topic: Schwab Business 401(k) pricing
Replies: 15
Views: 677

Re: Schwab Business 401(k) pricing

newbie003 wrote:....Our guy/his company will charge .30%...


:confused

What? That's a pretty painful hit for employees potentially. Is that taken out of their account balances?
by JamesSFO
Thu Feb 02, 2017 1:20 pm
Forum: Personal Finance (Not Investing)
Topic: Are Defined Benefit Plans a rip off?
Replies: 49
Views: 3966

Re: Are Defined Benefit Plans a rip off?

Just to emphasize, the defined benefit plan on top of a 401K can be fabulous for the self-employed high-income earner. We use Ascensus/Vanguard for our 401K and our defined benefit plan for our small business. The DB plan is NOT an insurance just a pooled investment and we can put more like $140K/y...
by JamesSFO
Thu Feb 02, 2017 12:38 pm
Forum: Investing - Help with Personal Investments
Topic: Schwab Business 401(k) pricing
Replies: 15
Views: 677

Re: Schwab Business 401(k) pricing

Overall if you have anything beyond a solo 401K type plan you are going to be spending some baseline level of money to have the plan. Most providers are somewhere in the $1-5K range and most offer a variety of ways to offset those fees. For example, Ascensus/Vanguard plans let you use investor share...
by JamesSFO
Thu Feb 02, 2017 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: Are Defined Benefit Plans a rip off?
Replies: 49
Views: 3966

Re: Are Defined Benefit Plans a rip off?

Just to emphasize, the defined benefit plan on top of a 401K can be fabulous for the self-employed high-income earner. We use Ascensus/Vanguard for our 401K and our defined benefit plan for our small business. The DB plan is NOT an insurance just a pooled investment and we can put more like $140K/ye...
by JamesSFO
Wed Feb 01, 2017 7:51 am
Forum: Investing - Help with Personal Investments
Topic: Ahoy mates! Big thanks!
Replies: 5
Views: 827

Re: Ahoy mates! Big thanks!

Congrats!
by JamesSFO
Sun Jan 29, 2017 5:46 pm
Forum: Investing - Help with Personal Investments
Topic: In search of Backdoor ROTH IRA confirmation
Replies: 3
Views: 247

Re: In search of Backdoor ROTH IRA confirmation

Just to emphasize conversions are in the year they occur, so the latest to do Step 3 is 12/31/2017 if you want to handle it on 2017 taxes, the April dates are for contributions.
by JamesSFO
Sun Jan 29, 2017 8:27 am
Forum: Personal Consumer Issues
Topic: Input on Apple Watch-Buy or Not?
Replies: 64
Views: 3753

Re: Input on Apple Watch-Buy or Not?

I had what folks here are referring to as the Series 0 near the original launch and returned it in <30 days, just wasn't functional in lots of ways for me and felt over-priced. I now have the Series 2 with watchOS 3 and really enjoy it, but my expectations are much lower, it's a fitness/health tool ...
by JamesSFO
Sat Jan 28, 2017 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: Criteria for admittance to the 2-comma club
Replies: 79
Views: 5669

Re: Criteria for admittance to the 2-comma club

First milestone - $1 million counting home equity. Second milestone - $1 million in investable assets, ignoring home equity. Approaching third milestone - $2 million if I start counting home equity again! 4th milestone - $2 million in investable assets, ignoring home equity - RETIREMENT! I would on...
by JamesSFO
Fri Jan 27, 2017 1:02 am
Forum: Personal Finance (Not Investing)
Topic: IRS Audit Question
Replies: 3
Views: 679

Re: IRS Audit Question

What you experienced was NOT an audit but rather a letter (CP2000 most likely). When you get one of those you almost always can just pay what they propose instead of arguing back.
by JamesSFO
Tue Jan 24, 2017 8:13 pm
Forum: Personal Consumer Issues
Topic: Cell service abroad, what did I do wrong
Replies: 29
Views: 2382

Re: Cell service abroad, what did I do wrong

Just to mention if you use T-Mobile a lot of foreign countries SMS and data are included for free (at slower speeds) but fast enough to do basic email, maps, etc. I spent ~30 days in Europe last year for work/vacation and paid like $1 for 5 minutes of phone calls.
by JamesSFO
Tue Jan 24, 2017 12:38 am
Forum: Personal Finance (Not Investing)
Topic: Refuse to pay California State Tax—what can they do ?
Replies: 16
Views: 3131

Re: Refuse to pay California State Tax—what can they do ?

real simple. File a Non-Resident return for 2013, and apportion the $$ into the Other State column. Zero tax due. Write a cover letter explaining the fact that you received the income when you were no longer residing California, and were unaware that you needed to file a NR return. "Attached i...
by JamesSFO
Mon Jan 23, 2017 10:10 am
Forum: Investing - Theory, News & General
Topic: Hypo: What would you do if you were SURE of impending deline in markets
Replies: 62
Views: 4181

Re: Hypo: What would you do if you were SURE of impending deline in markets

The challenge is that even if sure, when would you get back in? Missing the best days is just as problematic as avoiding the worst days.

See, e.g. http://www.marketwatch.com/story/how-missing-out-on-25-days-in-the-stock-market-over-45-years-costs-you-dearly-2016-01-25
by JamesSFO
Thu Jan 19, 2017 3:54 pm
Forum: Personal Finance (Not Investing)
Topic: Medical Billing Disagreement - Stark Law
Replies: 95
Views: 5264

Re: Medical Billing Disagreement - Stark Law

I just will chime in that I had to have a series of ~6 visits for a wart removal and despite the practice using an EMR experience and each visit being subjectively identical to me, each was coded, billed, and reimbursed differently by the doctor and my insurance. I found it incredibly frustrating. I...
by JamesSFO
Wed Jan 18, 2017 10:50 am
Forum: Investing - Theory, News & General
Topic: An index isn't an index isn't an index...
Replies: 23
Views: 2510

Re: An index isn't an index isn't an index...

I think this just shows different methodologies. Not sure that there is more to be said than that. Without studying the index composition methodology it's hard to make other conclusions. For example, S&P's methodology is posted https://us.spindices.com/documents/methodologies/methodology-sp-us-i...
by JamesSFO
Wed Jan 18, 2017 10:27 am
Forum: Personal Finance (Not Investing)
Topic: How much to spend on a house?
Replies: 29
Views: 3235

Re: How much to spend on a house?

You don't provide any insight into what part of the country? In certain high-cost-of-living (HCOL) areas, housing prices are "insane" and some of the very good rules of thumb here don't work. E.g. I had to buy a place that was over 5x my income in the SF Bay Area initially. Good luck.
by JamesSFO
Tue Jan 17, 2017 11:41 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's old "free" TurboTax. Was it really free?
Replies: 11
Views: 1483

Re: Vanguard's old "free" TurboTax. Was it really free?

I'm not sure this is an actionable discussion... Every actual (or contemplated) expense by Vanguard could similarly come under similar scrutiny. At some point you have to decide you believe that the funds have the right incentives to pressure corporate to spend wisely.
by JamesSFO
Tue Jan 17, 2017 1:09 pm
Forum: Investing - Theory, News & General
Topic: Flagship Reps
Replies: 62
Views: 5249

Re: Flagship Reps

HueyLD wrote:Come on, folks! If you are flagship, you can afford any version of any tax software.


Of course, and it was a nice perk that was tangible, easy to understand, and felt like a type of loyalty recognition that was particularly useful.
by JamesSFO
Mon Jan 16, 2017 9:17 am
Forum: Personal Consumer Issues
Topic: Collision Avoidance Systems
Replies: 19
Views: 1642

Re: Collision Avoidance Systems

Almost all new cars will have forward collision avoidance as mandatory by ~2018. It's well worth it, IMHO.
by JamesSFO
Sun Jan 15, 2017 10:33 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off mortgage
Replies: 14
Views: 1570

Re: Paying off mortgage

I've yet to see anyone on here how has paid it off come back and say they regret it. I did it when I turned 40 (now 44) and it's been fantastically liberating.
by JamesSFO
Sun Jan 15, 2017 12:43 am
Forum: Investing - Theory, News & General
Topic: Flagship Reps
Replies: 62
Views: 5249

Re: Flafship Reps

Also Vanguard's web page is still saying personal rep for flagship

http://www.early-retirement.org/forums/f27/vanguard-flagship-downgraded-to-team-of-advisers-82937.html

EDIT: Actually it no longer is specifically saying one specific Flagship rep...
by JamesSFO
Sun Jan 15, 2017 12:41 am
Forum: Investing - Theory, News & General
Topic: Flagship Reps
Replies: 62
Views: 5249

Re: Flagship Reps

Hmm, I've not received any such notice. I still have my rep. There was an Aug 2016 thread on another forum about a similar message

http://www.early-retirement.org/forums/f27/vanguard-flagship-downgraded-to-team-of-advisers-82937.html

So maybe they are doing this selectively?
by JamesSFO
Thu Jan 12, 2017 9:59 am
Forum: Investing - Help with Personal Investments
Topic: Robo-advisors vs Vanguard
Replies: 28
Views: 3256

Re: Robo-advisors vs Vanguard

On the topic of robo-advisors, if you end up heading down that route, one to look into is Wisebanyan. While wealthfront charges a fee, Wisebanyan operates without charging you. They do essentially the same thing. With the most aggressive selection, I'm 90% stocks, 10% bonds. There's a referral syst...
by JamesSFO
Wed Jan 11, 2017 11:28 pm
Forum: Investing - Help with Personal Investments
Topic: thoughts about financial advisors comments regarding roth 401k
Replies: 30
Views: 3267

Re: thoughts about financial advisors comments regarding roth 401k

It's hard to come up with a "right" answer for this (as in 1+1 = 2) because which is right depends on assumptions projected out 20-30 years about the tax code, returns on investments, etc. Very smart folks on this forum have argued strongly (from facts) that the traditional (deductible) 40...
by JamesSFO
Wed Jan 11, 2017 8:18 am
Forum: Investing - Help with Personal Investments
Topic: [403(b) Fidelity or TIAA Cref allocation, and do I want one?]
Replies: 137
Views: 5290

Re: EJ not [costing me as much as] others?

ai_3_us wrote:...I think that at the very best my portfolio is performing on par with the indices (after fees)...


Your portfolio return of ~7.5% well underperformed a simple VG Total Stock/VG Total Intl portfolio last year not sure how you think it is performing on par. :confused

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