Search found 43 matches

by cmoneymillz
Wed Oct 11, 2017 12:46 pm
Forum: Investing - Help with Personal Investments
Topic: ESPP with Walmart (associate stock purchase plan)
Replies: 8
Views: 646

ESPP with Walmart (associate stock purchase plan)

The ESPP, or as Walmart refers to it - ASPP, gives a 15% match up to $1800/yr. I put in $69 per payperiod (DCA, every 2 weeks) to get the "max" of $270 free dollars per year. They use conputershare, which charges: $0.05/share plus $25.50 to sell My question is how often should I sell? Ive been addin...
by cmoneymillz
Tue Aug 01, 2017 4:07 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with this fund - KIFAX
Replies: 9
Views: 545

Re: What to do with this fund - KIFAX

When you are unfortunate enough to lose money on an investment, there is a silver lining. If you sell at a loss, you get to lower your income taxes. At the same time, in your case, you get to change to a better, less expensive fund. It's called "tax loss harvesting". Many Bogleheads look for these ...
by cmoneymillz
Tue Aug 01, 2017 11:41 am
Forum: Investing - Help with Personal Investments
Topic: What to do with this fund - KIFAX
Replies: 9
Views: 545

Re: What to do with this fund - KIFAX

Left my financial advisor back in April, switched to a 3-fund portfolio @Schwab and have been doing well so far! The only fund I have left from FA is KIFAX (Salient Select Income Fund Class A). I havent sold it because Im waiting to be positive - $25k invested @ $25.57 around 10/2016 - just started...
by cmoneymillz
Tue Aug 01, 2017 10:04 am
Forum: Investing - Help with Personal Investments
Topic: What to do with this fund - KIFAX
Replies: 9
Views: 545

What to do with this fund - KIFAX

Left my financial advisor back in April, switched to a 3-fund portfolio @Schwab and have been doing well so far! The only fund I have left from FA is KIFAX (Salient Select Income Fund Class A). I havent sold it because Im waiting to be positive - $25k invested @ $25.57 around 10/2016 - just started ...
by cmoneymillz
Sat Jul 08, 2017 12:58 pm
Forum: Investing - Help with Personal Investments
Topic: Ally 11 month no penalty CD
Replies: 7
Views: 1000

Re: Ally 11 month no penalty CD

Anyone using this? Looks like a pretty good deal if you have $25K, I'm planning to use it for my EM Fund. 1.50 APY, no penalty for early withdrawal after 6 days, don't really see any downside to this offer. Did the same thing! Took my emergency funds from discover savings and brought to Ally. The o...
by cmoneymillz
Fri Jul 07, 2017 8:09 pm
Forum: Investing - Help with Personal Investments
Topic: Term Life Insurance - what age to buy?
Replies: 13
Views: 1120

Term Life Insurance - what age to buy?

Curious to hear opinions on those who have been through this already. Im 28, recently married, no kids. Income $165k/yr. Wife makes $105k/yr. Only debt for us is our house mortgage (1445/month) Cars paid off. College paid off. Etc etc. 401k maxed out for each of us yearly. Backdoor roth maxed out fo...
by cmoneymillz
Mon Jun 26, 2017 8:52 am
Forum: Investing - Help with Personal Investments
Topic: Tax/other differences between Schwab funds & Vanguard
Replies: 6
Views: 920

Re: Tax/other differences between Schwab funds & Vanguard

You mentioned ETF but later specified SWTSX (a mutual fund) in the original post, which was a bit confusing.
As long as you stick w ETF versions of the mutual funds (like SCHB, ETF .... instead of the equiv mf, SWTSX) you should be good for a taxable account.
by cmoneymillz
Sun Jun 25, 2017 11:54 am
Forum: Investing - Help with Personal Investments
Topic: Tax/other differences between Schwab funds & Vanguard
Replies: 6
Views: 920

Re: Tax/other differences between Schwab funds & Vanguard

I think it is splitting hairs, assuming both taxable and if using ETFs. I have a Schwab taxable account w SCHB, SCHF/SCHE and have been happy so far!
by cmoneymillz
Fri Jun 16, 2017 7:58 am
Forum: Investing - Help with Personal Investments
Topic: Just married - start a joint taxable account?
Replies: 18
Views: 1481

Re: Just married - start a joint taxable account?

Seems like majority here do have joint accounts! Separate have been working so well for us that it makes sense to keep things this way. Biggest concern now is longterm - Would it make more sense to start fresh joint brokerage account, or add her onto my (only) taxable account that already has roughl...
by cmoneymillz
Wed Jun 14, 2017 7:54 pm
Forum: Investing - Help with Personal Investments
Topic: Just married - start a joint taxable account?
Replies: 18
Views: 1481

Just married - start a joint taxable account?

Just got married! My wife and I plan to keep our accounts seperate and as is for the most part - I use schwab for checkings/taxable brokerage($85k) and Discover for savings ($20k "emergency fund"). She uses BOA for checkings/savings and has no brokerage account. Both maxing out our tax advantaged sp...
by cmoneymillz
Tue May 09, 2017 8:58 am
Forum: Investing - Help with Personal Investments
Topic: Schwab Bonus into IRA but already maxed out?
Replies: 3
Views: 425

Schwab Bonus into IRA but already maxed out?

Just wanted to confirm - got mixed messages from Schwab on this. Got a $100 account referral bonus from schwab, deposited into my Roth IRA. I have already done a backdoor roth and invested $5500 for this year, maxing it out. Do account bonuses count as contributions? Or - I hope - am I safe to depos...
by cmoneymillz
Fri Apr 14, 2017 4:59 am
Forum: Investing - Help with Personal Investments
Topic: Moving to a Lazy portfolio : Should I wait for a market correction?
Replies: 16
Views: 2362

Re: Moving to a Lazy portfolio : Should I wait for a market correction?

randomizer wrote:I wound lump sum it. But I believe time in the market beats timing the market.


Agreed! Just bought up more of this current dip.
by cmoneymillz
Thu Apr 13, 2017 11:17 am
Forum: Investing - Help with Personal Investments
Topic: Help with moms annuity account (>$1M)
Replies: 30
Views: 2888

Re: Help with moms annuity account (>$1M)

There are strategies for optimizing GLWB VA. One strategy is use many smaller GLWB VA in laddering time and amounts. Many good strategies have been closed minimized by the annuity companies when they discovered that their customers were smarter than they were. Early GLWB VA's were marketed to high ...
by cmoneymillz
Thu Apr 13, 2017 9:14 am
Forum: Investing - Help with Personal Investments
Topic: Money market - which one?! - for backdoor roth
Replies: 3
Views: 330

Re: Money market - which one?! - for backdoor roth

If the money is already sitting in the IRA, what is it invested in now? Update - called Schwab early AM. I thought the cash was just in there, uninvested, waiting for me to pick a fund. Turns out, Schwab automatically puts it into a MM of sorts, earning 0.03%. I filled out the transfer form online,...
by cmoneymillz
Thu Apr 13, 2017 4:47 am
Forum: Investing - Help with Personal Investments
Topic: Help with moms annuity account (>$1M)
Replies: 30
Views: 2888

Re: Help with moms annuity account (>$1M)

It is a taxable account. Initiated end of 2015. 988k invested initially, $14,300 in fees paid to date, or roughly 1.45% of total account. However, account value now is 5.5% higher - $1,042,000 - AFTER fees. It seems like it is checking out per the "guarantees" at least up to this point? I...
by cmoneymillz
Wed Apr 12, 2017 9:11 pm
Forum: Investing - Help with Personal Investments
Topic: Help with moms annuity account (>$1M)
Replies: 30
Views: 2888

Re: Help with moms annuity account (>$1M)

It is a taxable account. Initiated end of 2015. 988k invested initially, $14,300 in fees paid to date, or roughly 1.45% of total account. However, account value now is 5.5% higher - $1,042,000 - AFTER fees. It seems like it is checking out per the "guarantees" at least up to this point? I ...
by cmoneymillz
Wed Apr 12, 2017 8:56 pm
Forum: Investing - Help with Personal Investments
Topic: Money market - which one?! - for backdoor roth
Replies: 3
Views: 330

Money market - which one?! - for backdoor roth

Everyone recommends using a money market fund for a non deductible traditional IRA before converting it to a roth IRA shortly thereafter. I have $5500 to use for 2017 backdoor roth sitting in a non deductible traditional IRA account at Schwab. Trying to decide what money market to pick (there are se...
by cmoneymillz
Wed Apr 12, 2017 12:47 pm
Forum: Investing - Help with Personal Investments
Topic: Help with moms annuity account (>$1M)
Replies: 30
Views: 2888

Re: Help with moms annuity account (>$1M)

It is not clear whether she has the account or is considering it. If just considering it, DON'T! If she has it, how long has she had it and how much has she paid in? Get an in-force illustration to show guaranteed value over time. If she must have one, check with Vanguard or immediateAnnuities.com....
by cmoneymillz
Wed Apr 12, 2017 6:30 am
Forum: Investing - Help with Personal Investments
Topic: Help with moms annuity account (>$1M)
Replies: 30
Views: 2888

Help with moms annuity account (>$1M)

Specifically, the TransAmerica Retirement Income Choice 1.6 Living Benefit Guarantees 5.5% compounding growth to withdrawal base for up to 10 years. Age 53, has little over $1M in this account. So for simplicity, we will say an even $1M. Initially, 5.5% compounded over 10 years deceptively leads you...
by cmoneymillz
Sun Apr 09, 2017 7:29 pm
Forum: Investing - Theory, News & General
Topic: Market Edge Score / Power Rating
Replies: 3
Views: 586

Market Edge Score / Power Rating

Just liquidated most of my portfolio from old FA and putting it all into Schwab 3 fund of SCHB (80%), SCHF(16%), SCHE(4%) No bonds as I want to be aggressive @ 27 yrs old. I just noticed these "Market Edge Scores" on the "Report Cards" provided by Schwab. All these funds have low...
by cmoneymillz
Thu Apr 06, 2017 12:39 pm
Forum: Investing - Help with Personal Investments
Topic: Timing: backdoor roth 2016/17
Replies: 1
Views: 190

Timing: backdoor roth 2016/17

2 weeks ago, for the first time ever, I created a backdoor roth IRA and put $5500 in for 2016 w Schwab ($SWTSX)
After only recently discovering this as an option, I plan to add $5500 each year moving forward.

I have $5500 to put in for 2017 currently.
Earlier the better?
by cmoneymillz
Wed Apr 05, 2017 7:50 pm
Forum: Investing - Help with Personal Investments
Topic: One fund ETF taxable account...Why bond or international?
Replies: 8
Views: 951

Re: One fund ETF taxable account...Why bond or international?

Are there any disasvantages to this plan that Im missing? Less "diversity" & less potential for TLH but SCHB is pretty tax efficient as is, and pretty diverse. I feel like I must be missing something. Well, if you're going to hold the funds for a long time, keeping 100% invested in a ...
by cmoneymillz
Mon Apr 03, 2017 6:46 pm
Forum: Investing - Help with Personal Investments
Topic: Target retirement income fund - anyone have?
Replies: 7
Views: 1514

Re: Target retirement income fund - anyone have?

Looking to do something similar for my mom. Want to set her up with Vanguard but she prefers human face to face interactions vs telephone or online. I guess you can call it "old school" as she is not very tech savvy. Schwab is closeby so going to put her in a target date fund through them ...
by cmoneymillz
Mon Apr 03, 2017 6:09 pm
Forum: Investing - Help with Personal Investments
Topic: One fund ETF taxable account...Why bond or international?
Replies: 8
Views: 951

Re: One fund ETF taxable account...Why bond or international?

Wow. No bonds in your 401k either? You're braver than I am. If you can stomach the volatility, more power to you. 401k account is through Merrill Lynch Not the best fund choices, but 100% up to 6% salary match is great. Max it out with: 80% 2060 Target date fund 10% russell 1000 10% russell 2000 Ma...
by cmoneymillz
Mon Apr 03, 2017 5:25 pm
Forum: Investing - Help with Personal Investments
Topic: One fund ETF taxable account...Why bond or international?
Replies: 8
Views: 951

One fund ETF taxable account...Why bond or international?

After seeing the light and ditching my FA, I decided to put all my old FA money into a Schwab brokerage taxable account (already had the checking account, keeping it all in one place for simplicity). I researched on here, saw lots of love for a 3 fund portfolio, and have been going that route & ...
by cmoneymillz
Thu Mar 30, 2017 3:28 pm
Forum: Investing - Help with Personal Investments
Topic: Please advise on how best to fix this annuity mistake
Replies: 13
Views: 1075

Re: Please advise on how best to fix this annuity mistake

Was in a similar situation w $10k in TransAmerica B series annuity. Ended up taking $999 out (<$1k per year could withdraw w/o fee), then taking the hit on the whole thing at once - $9,001. The sooner the better to get it out and have it start really working for you. Reason being, you are paying the...
by cmoneymillz
Thu Mar 23, 2017 11:39 am
Forum: Investing - Help with Personal Investments
Topic: Transferring funds from FA - question on canceling Anuity
Replies: 4
Views: 285

Re: Transferring funds from FA - question on canceling Anuity

Can't say for sure. You should probably get on the phone to find out. For what it's worth, I recently got my kids out of TransAmerica equity-indexed annuities that look similar. There was no surrender charge and they cut a check within a couple of business days. But you should call to make sure. Th...
by cmoneymillz
Thu Mar 23, 2017 11:20 am
Forum: Investing - Help with Personal Investments
Topic: Transferring funds from FA - question on canceling Anuity
Replies: 4
Views: 285

Transferring funds from FA - question on canceling Anuity

Recently (3-4 months ago) moved $10k of my $80k account with FA into an Annuity. Didn't realize exactly what was happening at the time unfortunately, trying to rectify it now by taking control of my finances. Doing a total account transfer from FA --> Schwab Lucky, 2/3 of my funds transfer in-kind. ...
by cmoneymillz
Sun Mar 19, 2017 7:33 am
Forum: Investing - Help with Personal Investments
Topic: Keep Financial Advisor or move to 3 Fund Portfolio?
Replies: 48
Views: 4635

Re: Keep Financial Advisor or move to 3 Fund Portfolio?

Thanks all! Been reading up on "transfer in kind" vs cashing out and bringing the money over. Most of my funds should transfer but he just put $10k in a TRANSAMERICA Life Insurance policy - wondering how difficult or what fees would be incurred with this transfer, which has netted +$450 so...
by cmoneymillz
Tue Mar 14, 2017 5:22 pm
Forum: Investing - Help with Personal Investments
Topic: [Backdoor] Roth IRA fund choice
Replies: 2
Views: 295

[Backdoor] Roth IRA fund choice

Plan to open a backdoor roth for 16/17 ($11k total) in the next week or two. 27 yr old, 160k/yr salary Max out 401k yearly in the 2060 fund Taxable account 80% SCHB, 20% 4:1 SCHF:SCHE Plan to open the backdoor roth w Schwab since I have my "3 fund" portfolio of ETFs with them currently. Fo...
by cmoneymillz
Tue Mar 14, 2017 6:53 am
Forum: Investing - Help with Personal Investments
Topic: Schwab 3-4 Fund Portfolio
Replies: 9
Views: 3494

Re: Schwab 3-4 Fund Portfolio

Is the account taxable? Just did the same thing myself. Being overly aggressive at age 27, and being a taxable account, I chose to go w ETFs: 80% SCHB 20% 4:1 SCHF : SCHE Got some bond exposure through 401k 2060 fund Ps ETF allows for tax loss harvesting, and like mentioned above, less cap gains (be...
by cmoneymillz
Sun Mar 12, 2017 10:17 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth still confused on advantage
Replies: 16
Views: 1505

Re: Backdoor Roth still confused on advantage

OP, Because of your incomes, you will not be able to get tax deductions of your traditional IRA contributions ($5,500 each/year). You could still contribute to the traditional IRA, and not deduct it in your current year. Then you have 2 options: Leave the non-deductible traditional IRA as is until ...
by cmoneymillz
Sun Mar 12, 2017 4:59 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth still confused on advantage
Replies: 16
Views: 1505

Re: Backdoor Roth still confused on advantage

OP, Because of your incomes, you will not be able to get tax deductions of your traditional IRA contributions ($5,500 each/year). You could still contribute to the traditional IRA, and not deduct it in your current year. Then you have 2 options: Leave the non-deductible traditional IRA as is until ...
by cmoneymillz
Sun Mar 12, 2017 4:29 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth still confused on advantage
Replies: 16
Views: 1505

Backdoor Roth still confused on advantage

Did a lot of reading up on backdoor roth, as several peers recommended it and encouraged me to start one. Quick info - 27 yrs old, make $160k/yr salary in 28% tax bracket now. Max out 401k through employer ($110k in there now). Getting married in June, will bump me to 33% bracket ($160k plus $110k s...
by cmoneymillz
Tue Mar 07, 2017 11:10 am
Forum: Investing - Help with Personal Investments
Topic: Schwab 3-fund vs Target Date vs Intelligent Portfolio
Replies: 21
Views: 4507

Re: Schwab 3-fund vs Target Date vs Intelligent Portfolio

Schwab's new index-based target date funds are very nice, but my general opinion about target date funds is that they do not belong in a taxable investment account if you're in the 28% or higher tax bracket because of the bonds component that is not tax efficient. Also, you do not pay a trading com...
by cmoneymillz
Tue Mar 07, 2017 10:27 am
Forum: Investing - Help with Personal Investments
Topic: Schwab 3-fund vs Target Date vs Intelligent Portfolio
Replies: 21
Views: 4507

Re: Schwab 3-fund vs Target Date vs Intelligent Portfolio

All are potentially good choices. My only question is Tax Efficiency. You may want to consider the Schwab Index ETFs instead of Mutual Funds for your taxable account. SCHB (vs SWTSX) won't hit you with Short and Long Term Capital Gains. The International one (SWISX) looks OK. Tax efficiency is toug...
by cmoneymillz
Tue Mar 07, 2017 6:55 am
Forum: Investing - Help with Personal Investments
Topic: Schwab 3-fund vs Target Date vs Intelligent Portfolio
Replies: 21
Views: 4507

Schwab 3-fund vs Target Date vs Intelligent Portfolio

Plan to move roughly $80k from a FA managed account to my own through Schwab. Also, moving my Chase checking ($30k) to Schwab checking ($10k) and the rest ($20k) in investments. So, roughly $100k going to Schwab. After a lot of reading and research, it seems like I have 3 options with them: 1) The H...
by cmoneymillz
Tue Mar 07, 2017 6:31 am
Forum: Personal Consumer Issues
Topic: Are Fiat Cars Junk?
Replies: 71
Views: 6386

Re: Are Fiat Cars Junk?

Fun, yes. Reliable? Meh.
I've heard many people complain of reliability, never anything positive.
However, that said, these cars are like honda civics in Italy - they are everywhere!

If you need something reliable, practical, and $ for a daily driver... 05-08 Acura TL :sharebeer
by cmoneymillz
Sat Mar 04, 2017 7:19 am
Forum: Personal Consumer Issues
Topic: Going to Tahiti and we're budget travelers
Replies: 41
Views: 4203

Re: Going to Tahiti and we're budget travelers

Also heading there myself next year for honeymoon. Some friends who have been previously recommended packing ramen for quick lunches vs spending $30 on a burger. I plan to pack some KIND bars to help satiate me between free daily breakfast and an anticipated pricey dinner. Others: use chase reward p...
by cmoneymillz
Fri Mar 03, 2017 1:47 pm
Forum: Investing - Help with Personal Investments
Topic: Keep Financial Advisor or move to 3 Fund Portfolio?
Replies: 48
Views: 4635

Re: Keep Financial Advisor or move to 3 Fund Portfolio?

Once again - big thank you to all those who have contributed towards reaffirming my switch to self management and a 3 fund strategy. It looks like I have a lot more reading and research to do, specifically regarding optimizing tax efficiency. In 28% bracket now, soon to be 33% after my June wedding ...
by cmoneymillz
Thu Mar 02, 2017 12:19 pm
Forum: Investing - Help with Personal Investments
Topic: Keep Financial Advisor or move to 3 Fund Portfolio?
Replies: 48
Views: 4635

Re: Keep Financial Advisor or move to 3 Fund Portfolio?

Wow - thank you all for the replies.
Been doing a lot of research, looks like im leaning toward 85% stock / 15% bond allocation.
Since I have a Schwab account now, likely will stick with them & do something like this:
65% SWTSX
20% SWISX
15% SCHZ
while continuing to max out 401k through work.
by cmoneymillz
Thu Mar 02, 2017 9:52 am
Forum: Investing - Help with Personal Investments
Topic: Keep Financial Advisor or move to 3 Fund Portfolio?
Replies: 48
Views: 4635

Re: Keep Financial Advisor or move to 3 Fund Portfolio?

I just switched Chase checking (did not like the $15k minimum w/o fees) to Schwab checking (main perks being no ATM fees and I frequently travel, no minimum fees, free checks). With Schwab, the checking is automatically linked with a brokerage account - my $$$ should be ready any day now to place in...
by cmoneymillz
Thu Mar 02, 2017 8:20 am
Forum: Investing - Help with Personal Investments
Topic: Keep Financial Advisor or move to 3 Fund Portfolio?
Replies: 48
Views: 4635

Keep Financial Advisor or move to 3 Fund Portfolio?

Hi All! Quick bio: -26 yrs old -Make $160k/year -6% 401k match (maxing it out since 2013 - $105k currently in there) I've been using a family trusted financial advisor for the past 3 years (since starting work full time), until I decided I would do some research / due diligence myself. Came across t...