Search found 59 matches

by SlowMovingInvestor
Fri Jun 23, 2017 5:32 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 426
Views: 55583

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Just wondering -- has anyone tried to get a transfer bonus out of Interactive Brokers ? I know that is not the sort of firm Bogleheads would normally use, but I was thinking of opening an account there, NOT for active trading, but for a small side project/hobby that require access to nearly live mar...
by SlowMovingInvestor
Fri Jun 23, 2017 5:06 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 426
Views: 55583

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

I called both E-Trade and Schwab and Schwab confirmed they'd match TD while E-Trade couldn't guarantee it. Both are having someone call me back. . Any particular group you had to contact at Schwab ? Or was it just their regular 800 line ? 800 number. They however sent a message internally and I rec...
by SlowMovingInvestor
Thu Jun 22, 2017 12:02 pm
Forum: Investing - Help with Personal Investments
Topic: Interesting Q? - Retired with decent assets overseas - Tax implications(US situs)
Replies: 1
Views: 123

Re: Interesting Q? - Retired with decent assets overseas - Tax implications(US situs)

Ok, I am just thinking for the future. Say I have a $1.5MM plus 401k, 457b, Roth IRA..and taxable. RMD's are due from 401k, or maybe the others also. I understand if you work overseas you have something called Foreign Exclusion (FEI), how does this impact my retirement payouts (viz. SS, 401k RMD, 4...
by SlowMovingInvestor
Thu Jun 22, 2017 10:15 am
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 426
Views: 55583

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

SJR wrote:I called both E-Trade and Schwab and Schwab confirmed they'd match TD while E-Trade couldn't guarantee it. Both are having someone call me back.

.

Any particular group you had to contact at Schwab ? Or was it just their regular 800 line ?
by SlowMovingInvestor
Wed Jun 21, 2017 6:03 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 426
Views: 55583

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

What would the withdrawal policy be for E-Trade and Schwab if they matched an offer ? That is related to the general question I had --- how does one confirm the terms of the offer from a rival brokerage ? Note that if you don't already have an account, you likely can't send a message via their inte...
by SlowMovingInvestor
Tue Jun 20, 2017 7:34 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 426
Views: 55583

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

From looking a little at expired offers, it seemed to me that there used to be better bonus offers from more brokerages in the near past and they've fallen off this quarter (Fido being one example -- they even dropped their airline miles ofefrs)? Is this correct (it's hard to check on expired offer...
by SlowMovingInvestor
Tue Jun 20, 2017 7:06 pm
Forum: Personal Finance (Not Investing)
Topic: Ally no penalty 11 month CD rate increased to 1.50% this morning
Replies: 68
Views: 7453

Re: Ally no penalty 11 month CD rate increased to 1.50% this morning

Somewhat related, amboy direct offers 12 months esavings CD for 1.51%, with additional deposits during first 6 months

https://www.depositaccounts.com/banks/a ... ct/offers/

But it's only for NJ residents.
by SlowMovingInvestor
Sun Jun 18, 2017 9:16 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 426
Views: 55583

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

I noticed the TD offer ends soon so thinking of just starting there. They've been renewing the $1000 offer regularly, but indeed they might not. From looking a little at expired offers, it seemed to me that there used to be better bonus offers from more brokerages in the near past and they've falle...
by SlowMovingInvestor
Fri Jun 16, 2017 4:21 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 426
Views: 55583

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

But you have to leave the funds with most providers for a certain period of time (4-6 months) to get the bonus, right ? Not all providers have good cheap funds available, so I'm reluctant to leave too much money with them -- the bonus could be overwhelmed by high expense ratios in funds (although I...
by SlowMovingInvestor
Fri Jun 16, 2017 4:12 pm
Forum: Personal Consumer Issues
Topic: Beware Citibank Bonus Promotion
Replies: 38
Views: 5725

Re: Beware Citibank Bonus Promotion

Now I'm wondering about a similar offer from HSBC who seems to get even worse ratings for their local operations......not necessarily their bonus. Is this the HSBC bonus you're referring to ? https://www.us.hsbc.com/1/2/home/personal-banking/share The individual you referred will receive a $500 ref...
by SlowMovingInvestor
Fri Jun 16, 2017 3:24 pm
Forum: Personal Consumer Issues
Topic: Beware Citibank Bonus Promotion
Replies: 38
Views: 5725

Re: Beware Citibank Bonus Promotion

I received my $500 bonus. Would I do it again...absolutely not. Easier ways to make money...like signing up for credit cards. Citi was rough dealing with over the phone...never again. That account is closed! How long did it take you in total from account opening ? And did you get the feeling that C...
by SlowMovingInvestor
Fri Jun 16, 2017 4:44 am
Forum: Personal Consumer Issues
Topic: Beware Citibank Bonus Promotion
Replies: 38
Views: 5725

Re: Beware Citibank Bonus Promotion

I'm in the same situation -- signed up over 3 months back ($500 bonus). I sent Citi a message and they responded with a rather incoherent message saying that I had fulfilled the eligibility requirements. The message then had a garbled paragraph (in bad English) saying that their promotion team would...
by SlowMovingInvestor
Tue Jun 13, 2017 6:07 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 426
Views: 55583

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Yeah, if it were me I'd chop that into four rollovers and see how many custodians I could get to match TD Ameritrade. And use TDA, but then I like them as a custodian. But you have to leave the funds with most providers for a certain period of time (4-6 months) to get the bonus, right ? Not all pro...
by SlowMovingInvestor
Mon Jun 12, 2017 7:04 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 426
Views: 55583

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Schwab's the only one of the major firms that I've transferred into my previous/old account. I get my local rep to match the best competing offer at the moment, and their marketing department actually sends me a letter documenting the match (terms, amounts, etc.) a few days later. So then my rep ju...
by SlowMovingInvestor
Wed Apr 12, 2017 4:52 pm
Forum: Personal Finance (Not Investing)
Topic: Severance
Replies: 16
Views: 1764

Re: Severance

I have not signed the rest of the severance and release agreement, so I may have a little leverage in getting my former employer to pay out cash. But not that much -- it's really not worth it to me to indulge in a protracted round of back and worth with the company. Thanks for any comments. Been th...
by SlowMovingInvestor
Wed Apr 12, 2017 2:46 pm
Forum: Personal Finance (Not Investing)
Topic: Severance
Replies: 16
Views: 1764

Re: Severance

Are you asking if you can receive cash for this service instead of meeting with their consultant to prepare your resume? Do you know if your companies pays these service per head or a lump sum? If it is lump sum, it may be difficult for company to pay you "extra" on top of what they alrea...
by SlowMovingInvestor
Wed Apr 12, 2017 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: Severance
Replies: 16
Views: 1764

Severance

I was let go from my job last week (part of a RIF of 60+). It's something that I had been expecting for a while since the company has been shrinking, and I am under no financial (or emotional) stress whatsoever. The company offered outplacement services along with severance. I am not sure I want to ...
by SlowMovingInvestor
Mon Feb 27, 2017 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: More support for backdoor Roth? [Roth IRA Decision reversing Tax Court]
Replies: 27
Views: 3115

Re: More support for backdoor Roth? [Roth IRA Decision reversing Tax Court]

There is also the practical aspect of this -- millions of people have taken advantage of this loophole. It is simply impractical for the IRS to assess penalties on so many people even if backdoors were indeed not allowed (which is doubtful -- I think it's perfectly legal) I'd guess Federal judges ma...
by SlowMovingInvestor
Mon Feb 27, 2017 7:33 am
Forum: Personal Finance (Not Investing)
Topic: Turbo Tax and Form 1116
Replies: 2
Views: 421

Turbo Tax and Form 1116

I have some passive foreign income from various funds (and a few foreign stocks) in various brokerage and MF accounts. I've been trying to fill in the foreign tax credit section using Turbo Tax and am finding it rather frustrating. My recollection is that it's always been a little cumbersome to fill...
by SlowMovingInvestor
Sun Feb 26, 2017 5:52 pm
Forum: Personal Finance (Not Investing)
Topic: Valuing Charitable Donations of books/comics
Replies: 2
Views: 307

Valuing Charitable Donations of books/comics

I donated a number of lots of comics and books last year to various charities (I have receipts, photos etc). Generally excellent condition (books read only once, comics Fine or Very Fine) Most of the comics aren't worth more than $1 or so. A few are worth more -- we're not talking Action #1, or even...
by SlowMovingInvestor
Sun Feb 26, 2017 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard Fund US Gov Obligation Income
Replies: 1
Views: 159

Vanguard Fund US Gov Obligation Income

Vanguard provides a list of US Gov obligation Income of various funds at tax time. That is useful for filling out state taxes: However (unless I missed it on their web site), they don't seem to provide an equivalent list for their ETFs. Certainly some of their Bond ETFs would seem to have significan...
by SlowMovingInvestor
Wed Feb 22, 2017 7:23 pm
Forum: Investing - Help with Personal Investments
Topic: Loss on Foreign Currency CD
Replies: 11
Views: 802

Re: Loss on Foreign Currency CD

I spoke with Everbank and they implied I could deduct on Schedule D, HOWEVER, this exchange seems to imply that the loss is NOT deductible! https://ttlc.intuit.com/questions/2689665-how-to-report-foreign-bank-cd-gain-or-loss "there is no loss since the money is held in the base currency of the...
by SlowMovingInvestor
Wed Feb 22, 2017 4:14 pm
Forum: Investing - Help with Personal Investments
Topic: calculating the taxes of foreign etfs
Replies: 2
Views: 171

Re: calculating the taxes of foreign etfs

One more issue is that foreign ETF dividends might sometimes be qualified (typically if the US has a tax treaty with that country). Those would be taxed at a lower level in a taxable account. That is something you might want to consider also. Personally, I would put most foreign stock ETFs in a taxa...
by SlowMovingInvestor
Fri Feb 17, 2017 5:20 pm
Forum: Investing - Help with Personal Investments
Topic: Does anyone have experience with Fidelity BrokerageLink?
Replies: 14
Views: 859

Re: Does anyone have experience with Fidelity BrokerageLink?

I actually think that's wrong. The fees all seem to be exactly the same as the retail brokerage fees, and are listed on . What seems to vary between plans is availability - usually mutual funds only vs. mutual funds, ETFs and stocks, but I guess there could be other employer choices too. Possibly s...
by SlowMovingInvestor
Thu Feb 16, 2017 8:54 am
Forum: Personal Finance (Not Investing)
Topic: Santander Money Market @1.20%
Replies: 3
Views: 723

Re: Santander Money Market @1.20%

A lot of work for $94. If rates are going up are you going to keep switching banks every time you pick up an extra .15%? You can do much better just opening up a checking or savings account that offers an upfront cash bonus. Chase offers a $200 savings bonus for depositing $15000. Citi is running a...
by SlowMovingInvestor
Thu Feb 16, 2017 8:18 am
Forum: Personal Finance (Not Investing)
Topic: Santander Money Market @1.20%
Replies: 3
Views: 723

Santander Money Market @1.20%

I just received a postcard from Santander Bank in the US inviting me to open a money market savings account, rate 1.20% for any sum > 10K and less than 5M. It also requires opening a Santander checking account, but there is no fee if combined checking + money market balance > $10K. 1.20% is the high...
by SlowMovingInvestor
Tue Jan 31, 2017 9:11 am
Forum: Personal Finance (Not Investing)
Topic: GEICO discount for Berkshire Hathaway shareholders
Replies: 23
Views: 3388

GEICO discount for Berkshire Hathaway shareholders

I've seen various threads saying that GEICO gives an auto discount to Berkshire Hathaway Shareholders. I'm certainly not going to buy BRK A shares, but does anyone have any idea if there is any minimum holding to satisfy the 'shareholder' requirement ? Would a single BRK B share suffice ? That would...
by SlowMovingInvestor
Tue Jan 24, 2017 7:13 am
Forum: Investing - Help with Personal Investments
Topic: Alternative investments to prepaying Mortgage
Replies: 20
Views: 2486

Re: Alternative investments to prepaying Mortgage

The best 5 year CD rate right now is 2.30 %, so that is out. I do see some individual secondary market munis in my state that mature in 4 -5 years, are decent quality (not best) and give me > 3.25% tax equivalent, but I am a little concerned about diversification. Instead, I was thinking of a mix o...
by SlowMovingInvestor
Sun Jan 22, 2017 7:07 am
Forum: Investing - Help with Personal Investments
Topic: Alternative investments to prepaying Mortgage
Replies: 20
Views: 2486

Re: Alternative investments to prepaying Mortgage

I've about 5 years left on a 10 year 3.25% mortgage and am wondering whether to prepay the balance (around 150K) in one lump sum. I do have that much in cash, and do not anticipate needing it in the next 5 years. 401k IRA, fully maxed out each year, large emergency fund. See Paying down loans versu...
by SlowMovingInvestor
Fri Jan 20, 2017 2:43 pm
Forum: Investing - Help with Personal Investments
Topic: Alternative investments to prepaying Mortgage
Replies: 20
Views: 2486

Re: Alternative investments to prepaying Mortgage

I've about 5 years left on a 10 year 3.25% mortgage and am wondering whether to prepay the balance (around 150K) in one lump sum. I do have that much in cash, and do not anticipate needing it in the next 5 years. 401k IRA, fully maxed out each year, large emergency fund. See Paying down loans versu...
by SlowMovingInvestor
Wed Jan 18, 2017 12:26 am
Forum: Investing - Help with Personal Investments
Topic: Alternative investments to prepaying Mortgage
Replies: 20
Views: 2486

Re: Alternative investments to prepaying Mortgage

The part that is missing from the analysis is how you will pay the monthly mortgage payment each month if you keep the mortgage. In order to buy a bunch of muni funds that matured in time to pay the mortgage payment you would need to also buy a funds that matured in the years 1 to 4 as well and tho...
by SlowMovingInvestor
Tue Jan 17, 2017 11:51 pm
Forum: Investing - Help with Personal Investments
Topic: Alternative investments to prepaying Mortgage
Replies: 20
Views: 2486

Re: Alternative investments to prepaying Mortgage

Based on the info you provided (150k balance remaining on a 10 year loan @ 3.25%), I back calculated your original mortgage was for about $280k, with a monthly payment of $2736 (assuming no additional payments on principal). You would have paid 35,500 in interest so far over 5 years. You have about...
by SlowMovingInvestor
Mon Jan 16, 2017 7:22 pm
Forum: Investing - Help with Personal Investments
Topic: Alternative investments to prepaying Mortgage
Replies: 20
Views: 2486

Alternative investments to prepaying Mortgage

I've about 5 years left on a 10 year 3.25% mortgage and am wondering whether to prepay the balance (around 150K) in one lump sum. I do have that much in cash, and do not anticipate needing it in the next 5 years. 401k IRA, fully maxed out each year, large emergency fund. Right now,that sum in cash i...
by SlowMovingInvestor
Wed Jan 11, 2017 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: Denied Checking Account by Citibank
Replies: 15
Views: 2321

Re: Denied Checking Account by Citibank

Do you have a credit freeze on your Equifax info? If so, I suggest a temporary lift of that freeze and reapply. Now that you mention it -- I do have a credit fraud alert on my account- -- but I opened an AMEX credit card even with that. it just required Amex to call me back when a credit request is...
by SlowMovingInvestor
Wed Jan 11, 2017 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: Denied Checking Account by Citibank
Replies: 15
Views: 2321

Re: Denied Checking Account by Citibank

Equifax reports are sometimes used to verify identity, whereas chexsystems is used to verify your check writing "credit worthiness". You likely gave a piece of information that failed their identification verification protocol and it booted you. That's what I think -- in fact, I think I d...
by SlowMovingInvestor
Wed Jan 11, 2017 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: Denied Checking Account by Citibank
Replies: 15
Views: 2321

Re: Denied Checking Account by Citibank

Hmmm, it could relate to the fact that you opened another account just two weeks ago. The bank's computer may have flagged it as suspicious, a possible check kiting scheme in the offing. I don't think so -- I gather Chexsystems only reports adverse events like fraud, check kiting etc. Not account o...
by SlowMovingInvestor
Wed Jan 11, 2017 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: Denied Checking Account by Citibank
Replies: 15
Views: 2321

Denied Checking Account by Citibank

I tried to open a Checking Account with Citibank online recently and was rejected. I got a letter from them saying that it had been rejected because of information provided by 'Equifax'. I was naturally surprised (my credit score is over 800), I have several credit cards and a mortgage with Citibank...
by SlowMovingInvestor
Fri Dec 30, 2016 11:49 pm
Forum: Personal Finance (Not Investing)
Topic: Multiple payments of estimated income taxes
Replies: 4
Views: 443

Re: Multiple payments of estimated income taxes

[ If you make an unreasonable overpayment, you are not entitled to the deduction. But even if you make an overpayment with a reasonable basis, so that the IRS allows the deduction, you'll come out behind in your tax bracket. If you overpay by $1000, you can deduct $1000 this year. But you will have...
by SlowMovingInvestor
Fri Dec 30, 2016 9:41 pm
Forum: Personal Finance (Not Investing)
Topic: Multiple payments of estimated income taxes
Replies: 4
Views: 443

Re: Multiple payments of estimated income taxes

I don't know NJ law, but it would be a deduction if you mailed it tomorrow, even if refunded to you next year. I can't imagine they wouldn't accept it. Gill I was thinking the same thing too -that NJ or any state should be happy to get more money. I just don't know if their system is setup to prope...
by SlowMovingInvestor
Fri Dec 30, 2016 9:28 pm
Forum: Personal Finance (Not Investing)
Topic: Multiple payments of estimated income taxes
Replies: 4
Views: 443

Multiple payments of estimated income taxes

I was wondering if one can make multiple payments of estimated personal income taxes for the state of NJ in a quarter. I already made a payment for the 4th quarter (i.e this quarter) for NJ using a credit card ( I needed to manufacture some spend for a signup bonus). Now I realize that I underestima...
by SlowMovingInvestor
Sat Dec 17, 2016 9:44 pm
Forum: Personal Finance (Not Investing)
Topic: PenFed CD
Replies: 3
Views: 979

PenFed CD

I saw online that PenFed is offering 1.36% 1 year CDs. I am not a PenFed member, but I am eligible and that looks like a good rate. I found their web site a little clunky when trying to open a CD -- it sent me to a page asking me to call a rep. Can I only open a CD by calling ? Or do I open an accou...
by SlowMovingInvestor
Mon Dec 05, 2016 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: Confused about chase 5/24 rule
Replies: 15
Views: 1974

Re: Confused about chase 5/24 rule

[ Chase offers a no-fee United Mileage card. Less bennies and frills than the Plus card: but free. It gives a mile for every $2. You can downgrade from United Plus with a phone call. I've never seen that card or any ad for it on Chase's site. Is it just a 'save card', that's only used by agents whe...
by SlowMovingInvestor
Sat Nov 26, 2016 10:06 pm
Forum: Personal Finance (Not Investing)
Topic: Reducing federal withholding
Replies: 9
Views: 1399

Re: Reducing federal withholding

SlowMoving - Do you know how long it is going to take your employer to implement the new withholding once you submit it? Tom, I think they can make the change in time for the remaining 2 pay periods this year. Thanks for all the comments. I think I will up Federal (and also state) withholding up as...
by SlowMovingInvestor
Sat Nov 26, 2016 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: Reducing federal withholding
Replies: 9
Views: 1399

Reducing federal withholding

I had asked my employer for extra Federal withholding on a W-4 earlier this year since I expected more income this year. I now realize I've reached 110% of last year's taxes (safe harbor) already. Not only do I not need extra withholding, I do not need ANY withholding for the 2 remaining paychecks t...
by SlowMovingInvestor
Wed Nov 23, 2016 11:32 am
Forum: Personal Finance (Not Investing)
Topic: Checking IRS refund applied to next year's return
Replies: 11
Views: 1457

Re: Checking IRS refund applied to next year's return

The IRS takes forevvvver to process a paper filed tax return. Last year, I filed around December (yes, I was late) and until the return was processed, it was around APRIL. Similar to you, I had a refund applying to the tax year after. As you did, I asked for transcripts and nothing would show on th...
by SlowMovingInvestor
Wed Nov 23, 2016 9:43 am
Forum: Personal Finance (Not Investing)
Topic: Checking IRS refund applied to next year's return
Replies: 11
Views: 1457

Re: Checking IRS refund applied to next year's return

As far as I know, having the refund applied to next year's taxes isn't any more effective than taking the refund and then paying an estimated tax. That is what I do. Since the OP filed late in the year for TY 2015, if the refund, once received, is paid toward this year's estimated tax, wouldn't it ...
by SlowMovingInvestor
Wed Nov 23, 2016 5:44 am
Forum: Personal Finance (Not Investing)
Topic: Checking IRS refund applied to next year's return
Replies: 11
Views: 1457

Checking IRS refund applied to next year's return

I filed my federal taxes late (around 8-10 weeks ago), using a paper return. I asked for my refund to be applied to next year (since I didn't think I could withhold enough in my remaining paychecks to avoid underpayment penalties). I tried checking the IRS web site '"here's my refund" and ...
by SlowMovingInvestor
Sun Oct 09, 2016 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: Living Will
Replies: 7
Views: 942

Re: Living Will

BSteiner, thanks again. That was extraordinarily helpful. I have some good questions for my lawyer now (including the one about the living trust -- perhaps I misunderstood her comments). The lawyer did briefly mention the inheritance tax, but I figure we're unlikely to retire in NJ or have real prop...
by SlowMovingInvestor
Sun Oct 09, 2016 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: Living Will
Replies: 7
Views: 942

Re: Living Will

Wills with marital and credit shelter (bypass) provisions and trusts for children are standard. Our clients provide for their children in separate trusts for their benefit rather than outright. That keeps the children's inheritances out of their estate for estate tax purposes, and protects their in...
by SlowMovingInvestor
Sun Oct 09, 2016 9:25 am
Forum: Personal Finance (Not Investing)
Topic: Living Will
Replies: 7
Views: 942

Living Will

I am a participant in a workplace legal plan (Hyatt). My wife and I (we're around 50) visited a lawyer from the plan about getting a will, living will, power of attorney etc. made up. We also need a qualified domestic trust (since my wife is a permanent resident, but not a US citizen). Our assets ar...

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