Search found 750 matches

by flamesabers
Wed Jun 28, 2017 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: Consolidating banks accounts
Replies: 8
Views: 328

Re: Consolidating banks accounts

Since your fiancee isn't bank savvy, I think it makes sense to minimize the number of bank accounts she has to manage. Are the two joint accounts for when you get married? Otherwise my thinking is couples typically either have joint accounts or separate accounts, but not both. When you don't mind th...
by flamesabers
Wed Jun 28, 2017 1:32 pm
Forum: Personal Consumer Issues
Topic: Do you buy phone outright or pay it off monthly...
Replies: 33
Views: 549

Re: Do you buy phone outright or pay it off monthly...

I always buy my phones upfront. I figure if the cost is more then what I'm willing to pay immediately, I should go with a cheaper phone.
by flamesabers
Wed Jun 28, 2017 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: Credit cards' credit lines - pros/cons of requesting reduction?
Replies: 24
Views: 1430

Re: Credit cards' credit lines - pros/cons of requesting reduction?

Say someone's card limit is, on their request, reduced from $10k to $3k. Isn't it somewhat safer to carry around a card that, if lost or stolen, whoever took it could only possibly access $3k (instead of $10k)? Of course, cards have fraud protection so this is probably a minor issue, but it could b...
by flamesabers
Wed Jun 28, 2017 9:55 am
Forum: Personal Finance (Not Investing)
Topic: Any Reason to Stay With USAA?
Replies: 21
Views: 1266

Re: Any Reason to Stay With USAA?

If you can, I would recommend getting USAA's limitless visa card.

As far as investments goes, I don't have any investments with USAA.
by flamesabers
Wed Jun 28, 2017 9:43 am
Forum: Personal Finance (Not Investing)
Topic: How many "accounts" do you maintain at your investment firm?
Replies: 18
Views: 706

Re: How many "accounts" do you maintain at your investment firm?

I have accounts with more then one institution:

Taxable funds
Roth IRAs
TSP
401k
Treasury Direct (I-Bonds)
by flamesabers
Wed Jun 28, 2017 9:36 am
Forum: Personal Finance (Not Investing)
Topic: Payment to Dr's office
Replies: 11
Views: 905

Re: Payment to Dr's office

I think calling the doctor's office every few weeks will suffice. It's possible your doctor's office might only send out statements once a month, so depending on the timing of when the claim has been filed with insurance, you may not get a bill until sometime in July. I went to the doctor's office a...
by flamesabers
Wed Jun 28, 2017 9:27 am
Forum: Personal Consumer Issues
Topic: Cat teeth cleaning costs
Replies: 14
Views: 762

Re: Cat teeth cleaning costs

My wife used to brush our cat's teeth. Wasn't too bad, they have special toothpaste and toothbrushes for cats. I don't know whether it is even needed. Grew up with cats and not once did they have their teeth brushed. I think I read somewhere that around age 5, a lot of cats will start to develop te...
by flamesabers
Tue Jun 27, 2017 10:52 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard 401k admin fees
Replies: 13
Views: 481

Re: Vanguard 401k admin fees

Doug E. Dee wrote:I'd gladly pay the $100 annual fee instead of the .22% we get charged!


Same here, except I have to pay .53% instead of .22%. :annoyed
by flamesabers
Mon Jun 26, 2017 4:57 pm
Forum: Investing - Help with Personal Investments
Topic: 401k options - which funds to choose?
Replies: 4
Views: 249

Re: 401k options - which funds to choose?

It looks like the State Street Series US Government Fund is the only fund that doesn't have an ER over 1%. :shock: I would advise: 1. Contributing 3% to get the employer's match, assuming it's not automatic regardless of your own contributions. 2. Max out your IRA (And HSA if you have one). 3. Contr...
by flamesabers
Mon Jun 26, 2017 4:37 pm
Forum: Personal Consumer Issues
Topic: Television Provider Options 2017
Replies: 19
Views: 873

Re: Television Provider Options 2017

Since you're not great lovers of TV, I suggest cutting the cord and getting a digital antenna. You may find out it's not worth it to pay the hefty fees and having to negotiate lower fees and/or switch TV providers every so often.
by flamesabers
Mon Jun 26, 2017 4:25 pm
Forum: Investing - Theory, News & General
Topic: Costco vs. Amazon - Thoughts of Prime Members?
Replies: 62
Views: 5997

Re: Costco vs. Amazon - Thoughts of Prime Members?

I am an Amazon Prime member, but I don't have a membership with Costco or any other warehouse clubs. I'm single and I live in an apartment, so buying stuff in bulk isn't practical for me most of the time. The only items I buy in bulk is toilet paper and paper towels and I get these items from Amazon...
by flamesabers
Mon Jun 26, 2017 1:56 pm
Forum: Investing - Theory, News & General
Topic: The 5 Pitfalls of Mutual Funds by,....
Replies: 22
Views: 1628

Re: There are almost always better options than mutual funds.

My impression is Ken Fisher's focus isn't on inexpensive equity index funds. On the site he states his guide will teach you about the hidden, heavy costs of mutual funds and improper diversification. None of this applies for funds offered by brokers like Vanguard, Fidelity, etc. I suspect Mr. Fisher...
by flamesabers
Mon Jun 26, 2017 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: ESPP Any Good?
Replies: 19
Views: 2853

Re: ESPP Any Good?

I am moving to a new company with a ESPP that is unfortunately not as generous as the ones noted above: - Discount is 5% off the market price for the stock. - Contributions must be done via payroll deduction of 1% to 10%. Funds held in a non-interest bearing account until stock is purchased at the ...
by flamesabers
Mon Jun 26, 2017 10:46 am
Forum: Investing - Help with Personal Investments
Topic: Is 60/40 too conservative for 31 year old?
Replies: 63
Views: 6035

Re: Is 60/40 too conservative for 31 year old?

OP, I'm the same age as you and while I have a much more aggressive asset allocation, I think your ideal asset allocation really depends on what your priorities are. If your main concern is the volatility of equities, then I think a 60/40 allocation is a good target for you. If on the other hand, yo...
by flamesabers
Mon Jun 26, 2017 10:23 am
Forum: Personal Finance (Not Investing)
Topic: Online Savings vs No Penalty CD
Replies: 22
Views: 2301

Re: Online Savings vs No Penalty CD

Any major reason to choose one over the other outside of which has the higher APY? I think one consideration is whether you want to be able to make additional deposits to the account in question. This is a moot point if you're going to be doing an initial deposit close to the FDIC's insurance limit...
by flamesabers
Sun Jun 25, 2017 8:16 pm
Forum: Investing - Help with Personal Investments
Topic: 28, Single, No Debt, Seeking Portfolio Advice
Replies: 15
Views: 1767

Re: 28, Single, No Debt, Seeking Portfolio Advice

An issue with a traditional IRA is the income eligibility requirements to be able to deduct the contribution. The 2018 figures haven't been released yet, but as of 2017, your MAGI would have to be $62k or less to be able to deduct the full $5.5k deduction. https://www.irs.gov/retirement-plans/2017-...
by flamesabers
Sun Jun 25, 2017 12:32 am
Forum: Investing - Help with Personal Investments
Topic: 28, Single, No Debt, Seeking Portfolio Advice
Replies: 15
Views: 1767

Re: 28, Single, No Debt, Seeking Portfolio Advice

1. At your tax bracket I don't think making Roth 401k contributions would be ideal. As for where to invest in, I think it depends on what your priorities are now that you maxed out your tax-advantaged accounts. One option would be to invest in a secondary emergency fund just in case you have a roug...
by flamesabers
Fri Jun 23, 2017 2:46 pm
Forum: Investing - Help with Personal Investments
Topic: Should I have a brokerage account that mimics my Roth IRA?
Replies: 2
Views: 275

Re: Should I have a brokerage account that mimics my Roth IRA?

There are a few threads you may want to check out: Money Market Account for 1.5% APY for balances less then $75k: https://www.bogleheads.org/forum/viewtopic.php?f=2&t=221799 Ally has a 1.5% 11 month CD with no EWP: https://www.bogleheads.org/forum/viewtopic.php?t=221553 Otherwise, with a time fr...
by flamesabers
Fri Jun 23, 2017 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: I need a strategy to address debt and savings
Replies: 32
Views: 2601

Re: I need a strategy to address debt and savings

I would recommend focusing your payments on your two credit card debts since they have the highest interest rate. Is the rate for car loan less then the 7.125% rate for your student loans? I also would recommend contributing at least enough to your 401k to get your employer's match. It's free money ...
by flamesabers
Fri Jun 23, 2017 1:34 pm
Forum: Investing - Help with Personal Investments
Topic: Investing Help. New Roth account
Replies: 5
Views: 396

Re: Investing Help. New Roth account

What is your desired asset allocation?
by flamesabers
Fri Jun 23, 2017 1:24 pm
Forum: Investing - Help with Personal Investments
Topic: Should I rollover old employer 403b?
Replies: 14
Views: 446

Re: Should I rollover old employer 403b?

I think leaving the 403b where it is would be the best option. The old 403b is a good plan and you don't want to complicate the process of doing backdoor Roth IRAs.
by flamesabers
Fri Jun 23, 2017 9:29 am
Forum: Personal Consumer Issues
Topic: New cars w/ no CD player -- what can I do with my CDs?
Replies: 43
Views: 2997

Re: New cars w/ no CD player -- what can I do with my CDs?

Many new vehicles are not coming with a CD player anymore, at least the ones I've been shopping. I've got bunches of CDs I'd still like to play in the car. Is there anything I can do that's relatively painless to convert my CDs to something else that I can play in a car without a CD player? I have ...
by flamesabers
Fri Jun 23, 2017 9:19 am
Forum: Personal Finance (Not Investing)
Topic: Credit pull determination
Replies: 1
Views: 151

Re: Credit pull determination

If I remember correctly, it should list on your credit report who has done a recent inquiry on your credit. However, if it's not practical to directly check your credit report, why not check with the creditor as to whether your application has been approved or denied? Once they made their decision, ...
by flamesabers
Thu Jun 22, 2017 2:33 pm
Forum: Investing - Theory, News & General
Topic: "10 Reasons Why Advisers Struggle To Keep Client Portfolios Simple"
Replies: 24
Views: 3409

Re: "10 Reasons Why Advisers Struggle To Keep Client Portfolios Simple"

Taylor, I think some of this is driven by clients. Clients want to see that their advisor is "doing something", I think seeing a three fund portfolio might raise objections after spending hundreds if not thousands on a financial plan. Probably ego not only on the part of the advisor but a...
by flamesabers
Thu Jun 22, 2017 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 1875
Views: 297714

Re: What's Your Credit Card Rewards Strategy?

Looking for an everyday card for my wife and I to share on house related expenses. Only redeem for cash/gift cards. Still plan on opening bonus cards when able. What is the best card with no fee? Thinking the Citi 2% is the best I've seen but yall are the experts. Thanks! If you qualify, I recommen...
by flamesabers
Thu Jun 22, 2017 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: What insurance company has the best coverage for auto, renters, and umbrella?
Replies: 28
Views: 2108

Re: What insurance company has the best coverage for auto, renters, and umbrella?

I have been with State Farm since I started driving at 16 because my parents used them. At age 40 now I'm still with them for home and auto. Never felt the need to leave although I've been tempted to shop around to see how my premiums stack up. I recommend shopping around every now and then. It can...
by flamesabers
Thu Jun 22, 2017 10:40 am
Forum: Personal Consumer Issues
Topic: What do you say when you cancel an account that you only opened for bonus?
Replies: 64
Views: 4278

Re: What do you say when you cancel an account that you only opened for bonus?

Tell the truth. Lies are only called for when the stakes are high, they're not high here. The question is "what is the truth here?" Do you tell a CSR a long story how you have opened account only to get a bonus, how you never had an intention to keep it, and how your other account pays be...
by flamesabers
Thu Jun 22, 2017 9:54 am
Forum: Personal Consumer Issues
Topic: What do you say when you cancel an account that you only opened for bonus?
Replies: 64
Views: 4278

Re: What do you say when you cancel an account that you only opened for bonus?

How about saying you have a better checking account elsewhere? If this checking account was the best one you have, you wouldn't be closing it. I don't think anyone can argue against you keeping your business with a better account and it keeps the door open for the bank to make a counteroffer.
by flamesabers
Thu Jun 22, 2017 9:26 am
Forum: Personal Consumer Issues
Topic: Cancelled Cable TV Service Today... [Downsized cable service
Replies: 26
Views: 2750

Re: Cancelled Cable TV Service Today... [Downsized cable service

Thanks everyone for taking the time to post your stories of cutting the cord. So an update since my original post. I am a systems analyst and have been with my company for the past 15 years with a two year break in between. Yesterday I took a hail marry shot and asked my director if the company wou...
by flamesabers
Wed Jun 21, 2017 3:53 pm
Forum: Investing - Help with Personal Investments
Topic: Need help deciding fund to choose for 401k
Replies: 13
Views: 478

Re: Need help deciding fund to choose for 401k

You could always just use the iShares S&P fund and over time move all your roth assets to extended market (VEXMX) and international (VGTSX) funds to maintain your desired AA. IIRC, somewhere between 4:1 or 3:1 ratio of S&P500:Extended Market gets you the equivalent of Total stock market (VT...
by flamesabers
Wed Jun 21, 2017 3:13 pm
Forum: Investing - Theory, News & General
Topic: Vanguard invite - transition to a Brokerage Acct
Replies: 31
Views: 1388

Re: Vanguard invite - transition to a Brokerage Acct

Am I correct in assuming then for those of us who only hold mutual funds, there's little point in doing the upgrade? Yes, but I'm sure once Vanguard has shifted the other people, they'll get to us, too. I'd bet money that eventually everyone will be moved to the brokerage side. At least by then all...
by flamesabers
Wed Jun 21, 2017 2:47 pm
Forum: Investing - Theory, News & General
Topic: Vanguard invite - transition to a Brokerage Acct
Replies: 31
Views: 1388

Re: Vanguard invite - transition to a Brokerage Acct

The main advantage is the ability to seamlessly rebalance among Vanguard ETFs and mutual funds. You can sell an ETF (or any stock, really) and immediately place an order for a Vanguard mutual fund with the (unsettled) proceeds. We hold mostly Vanguard Admiral shares, but we also have Vanguard ETFs ...
by flamesabers
Wed Jun 21, 2017 2:45 pm
Forum: Investing - Help with Personal Investments
Topic: What does it mean when people say certain funds are tax inefficient?
Replies: 18
Views: 1556

Re: What does it mean when people say certain funds are tax inefficient?

Life Strategy and Target Retirement funds are tax inefficient because they both contain bonds. Bonds are tax-inefficient because interest payments are taxed at ordinary income levels instead of capital gain levels. If you're in a low tax bracket, the tax inefficiency wouldn't be so bad for you.
by flamesabers
Wed Jun 21, 2017 2:38 pm
Forum: Investing - Help with Personal Investments
Topic: 401k mix investments
Replies: 7
Views: 479

Re: 401k mix investments

I just started a new job and have to pick my 401k investment options and haven't determined the best course of action. <snip> The other options are as follows Without knowing your plan expense ratios, the following appear to be the best/cheapest options: ⋅ BLACKROCK LRG CP US EQ IN NL F -...
by flamesabers
Wed Jun 21, 2017 2:21 pm
Forum: Investing - Theory, News & General
Topic: Argentina issuing 100-year bond.
Replies: 64
Views: 5610

Re: Argentina issuing 100-year bond.

Unless such bonds have very good investment perks, it's hard for me to fathom many people wanting to buy a product that won't mature until their currently non-existent grandchildren or great-children are elderly adults. I might consider purchase of a US Treasury of 50 or 100 year maturity. Though p...
by flamesabers
Wed Jun 21, 2017 2:13 pm
Forum: Investing - Help with Personal Investments
Topic: Are my Plan Administrative Fees high?
Replies: 12
Views: 539

Re: Are my Plan Administrative Fees high?

This question may be on the wrong track, but it sounds to me like a "record keeping fee" and a "advisor fee" are over and above the actual fund or investment fees themselves. You probably can't get out of the record keeping fee (think of it as corporate overhead for a 401k) but ...
by flamesabers
Wed Jun 21, 2017 2:06 pm
Forum: Investing - Help with Personal Investments
Topic: Need help deciding fund to choose for 401k
Replies: 13
Views: 478

Re: Need help deciding fund to choose for 401k

You have far more flexibility with investment options with your IRA and HSA then your 401k. I recommend investing fully in the ishares S&P 500 for your 401k and restructuring your IRA and HSA to meet your asset allocation.
by flamesabers
Wed Jun 21, 2017 2:01 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard restricts my account due to mail?
Replies: 41
Views: 2788

Re: Vanguard restricts my account due to mail?

I was reading up a little, and they cannot legally turn over my property if there is recent account activity. So, they are threatening to do something to a customer that is illegal. The rules may vary from state to state, but I think in my state a financial institution has to hold onto the property...
by flamesabers
Wed Jun 21, 2017 1:45 pm
Forum: Investing - Help with Personal Investments
Topic: Are my Plan Administrative Fees high?
Replies: 12
Views: 539

Re: Are my Plan Administrative Fees high?

Flamesabers: All of my accounts are at Fidelity. I'm sure I'm just looking in the wrong place to see the deduction of fees. Have you looked in your transaction history? I don't think the fees show up on my statements. I had to ask the rep for the breakdown of my fees. Unfortunately for me, the fees...
by flamesabers
Wed Jun 21, 2017 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: What insurance company has the best coverage for auto, renters, and umbrella?
Replies: 28
Views: 2108

Re: What insurance company has the best coverage for auto, renters, and umbrella?

ucla-engineer wrote:USAA if you can qualify.


I agree.

OP,

You'll need military affiliation to get access to USAA insurance.
by flamesabers
Wed Jun 21, 2017 1:24 pm
Forum: Investing - Help with Personal Investments
Topic: Are my Plan Administrative Fees high?
Replies: 12
Views: 539

Re: Are my Plan Administrative Fees high?

1. Are these fees high? Your fees are actually a little lower then mine. My 401k plan has a total fee of 0.53%. 2. On the quarterly statements, where do they deduct those fees from? I see no mention of fees, so I assume it is cleverly buried somewhere. Do you have an online account for your 401k? T...
by flamesabers
Wed Jun 21, 2017 1:06 pm
Forum: Investing - Theory, News & General
Topic: Vanguard invite - transition to a Brokerage Acct
Replies: 31
Views: 1388

Re: Vanguard invite - transition to a Brokerage Acct

. . . There's a link you can use to upgrade your account. This topic has been discussed before. . . After ignoring my upgrade link, it seems to have disappeared. Where is yours? After I log into my account, I just enter "brokerage upgrade" in the search box. When I click on the search res...
by flamesabers
Wed Jun 21, 2017 11:35 am
Forum: Investing - Theory, News & General
Topic: Vanguard invite - transition to a Brokerage Acct
Replies: 31
Views: 1388

Re: Vanguard invite - transition to a Brokerage Acct

I wonder if the invite is some sort of test or pilot project, given no one else is reporting receiving this? There's a link you can use to upgrade your account. This topic has been discussed before. https://www.bogleheads.org/forum/viewtopic.php?t=193454 https://www.bogleheads.org/forum/viewtopic.p...
by flamesabers
Wed Jun 21, 2017 11:03 am
Forum: Investing - Help with Personal Investments
Topic: Unsure where to start with 401k choices
Replies: 12
Views: 609

Re: Unsure where to start with 401k choices

While Vanguard is the clear winner for the equity fund, the bond funds leave a lot to be desired I think. Perhaps she could put a bonds fund in a IRA or HSA? Or even go with I-Bonds to fulfill her bond allocation? If she wants international equity, I recommend she put it in a taxable account.
by flamesabers
Wed Jun 21, 2017 10:57 am
Forum: Investing - Theory, News & General
Topic: Vanguard invite - transition to a Brokerage Acct
Replies: 31
Views: 1388

Re: Vanguard invite - transition to a Brokerage Acct

dm200 wrote:It is my understanding that, eventually, all Vanguard customers will get this "invitation". You probably, over time, will have no choice but to "accept".


I've wondered about this happening. I just figured I'm a low priority on their list since I don't have a brokerage account.
by flamesabers
Wed Jun 21, 2017 10:52 am
Forum: Investing - Theory, News & General
Topic: Vanguard invite - transition to a Brokerage Acct
Replies: 31
Views: 1388

Re: Vanguard invite - transition to a Brokerage Acct

I don't recall getting this message either via email or regular mail. Maybe it's because all of my Vanguard investments are in mutual funds?
by flamesabers
Wed Jun 21, 2017 10:16 am
Forum: Investing - Theory, News & General
Topic: Argentina issuing 100-year bond.
Replies: 64
Views: 5610

Re: Argentina issuing 100-year bond.

Perhaps the number one reason for a government to issue 100 year bonds is to create stability in terms of the amount of interest it costs to service the national debt. The only clients I think would be interested in such bonds is entities like corporations that can outlive the length of the typical ...
by flamesabers
Tue Jun 20, 2017 2:11 pm
Forum: Investing - Help with Personal Investments
Topic: Financial advisor question
Replies: 52
Views: 3573

Re: Financial advisor question

I agree with the others that you're paying far too much to your adviser. I can only think of two reasons as to why someone may need an adviser: 1. You prefer having a face-to-face talk (versus email or phone) with someone about your investment portfolio. 2. An adviser keeps you from making impulsive...
by flamesabers
Tue Jun 20, 2017 1:44 pm
Forum: Investing - Help with Personal Investments
Topic: Investing Advice
Replies: 4
Views: 372

Re: Investing Advice

I think a time-span of forty years is too long to try to make detailed planning for your retirement. A lot can happen between now and when you are in your sixties. Instead of focusing on the end of the journey (retirement), I recommend focusing on the journey itself (saving for retirement). Is your ...
by flamesabers
Tue Jun 20, 2017 10:45 am
Forum: Personal Consumer Issues
Topic: Cancelling credit card payment while it is 'pending'
Replies: 7
Views: 462

Re: Cancelling credit card payment while it is 'pending'

I would suggest talking to the summer camp about this. It's possible the non-refundable fees may not be the entire $420 fee per kid. The camp may also have a provision that allows you to get a refund if you cancel your enrollment shortly after submitting payment. If the summer camp says the entire p...

Go to advanced search