Search found 97 matches

by infotrader
Sun Apr 22, 2018 5:36 pm
Forum: Personal Finance (Not Investing)
Topic: What is a good flat rate cash back credit card?
Replies: 77
Views: 6319

Re: What is a good flat rate cash back credit card?

"fidelity visa 2% + cash management account" is the simplest approach which got everything taken care of including foreign travel
by infotrader
Wed Apr 18, 2018 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: 2.5% Withdrawal for 50 Years With 50/50 Portfolio?
Replies: 121
Views: 8028

Re: 2.5% Withdrawal for 50 Years With 50/50 Portfolio?

I wonder that, given the historical return of the market and you do it correctly, is it possible to assume that you can withdraw from this portfolio permanently, I mean: having the same portfolio balance or even more after 50 years?
by infotrader
Fri Apr 13, 2018 3:17 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA
Replies: 10
Views: 776

Re: Roth IRA

IRA stands for "individual retirement account". Everyone has his/her own account. Yeah, that's actually not what it stands for. https://www.irs.gov/retirement-plans/individual-retirement-arrangements-iras You are absolutely right. I actually knew the standard version. I just wanted to use the commo...
by infotrader
Fri Apr 13, 2018 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: 403b Money / Tax Rate
Replies: 4
Views: 215

Re: 403b Money / Tax Rate

1. If you don't need the money and just want to get it out of her 403b, an even better method would be to do Roth conversions so that you wouldn't have to pay capital gains on its future gains. This is a common strategy in bogleheads that you can do a search for. 2. I'm not sure you have taken into...
by infotrader
Fri Apr 13, 2018 1:26 am
Forum: Investing - Help with Personal Investments
Topic: Why traditional IRA better than Roth IRA
Replies: 87
Views: 6793

Re: Why traditional IRA better than Roth IRA

when withdrawal time comes total money will be much bigger and with Roth I am not paying any tax whereas with traditional I would be. This is a common fallacy. It doesn't matter that the money will be greater when you take it out. Here's a simple exercise to prove the point. Let's compare $10,000 a...
by infotrader
Mon Apr 09, 2018 6:32 pm
Forum: Personal Finance (Not Investing)
Topic: Ivy school education. Is it worth it?
Replies: 238
Views: 12445

Re: Ivy school education. Is it worth it?

If your parents make say $100-150k pa in Middle America, then you are likely to get relatively little aid at Stanford? You are not a wealthy legacy admit, nor on some super athletic or academic scholarship? So you will wind up with $200k of debt from undergrad? No need to make up numbers, there are...
by infotrader
Mon Apr 09, 2018 6:28 pm
Forum: Personal Finance (Not Investing)
Topic: Ivy school education. Is it worth it?
Replies: 238
Views: 12445

Re: Ivy school education. Is it worth it?

My sibling and I are recent graduates (within the last 5 years) of two different ivy league schools. We had a tremendous set of opportunities available to us. Here are some that we took advantage of: - Learning new foreign languages and traveling to Africa & South America to use them. - 2 years of ...
by infotrader
Fri Mar 30, 2018 11:58 pm
Forum: Investing - Help with Personal Investments
Topic: Co-worker told me 401k/403b is a bad idea.
Replies: 52
Views: 5718

Re: Co-worker told me 401k/403b is a bad idea.

I am little disappointed of the direction of this conversation is heading until the last message. The whole 401k/403b is based on the fundamental assumption that you will pay less tax after retirement. Otherwise, you'd better off investing after tax: if you have the exact amount/return/tax rate of ...
by infotrader
Fri Mar 30, 2018 8:37 pm
Forum: Investing - Help with Personal Investments
Topic: Co-worker told me 401k/403b is a bad idea.
Replies: 52
Views: 5718

Re: Co-worker told me 401k/403b is a bad idea.

I am little disappointed of the direction of this conversation is heading until the last message. The whole 401k/403b is based on the fundamental assumption that you will pay less tax after retirement. Otherwise, you'd better off investing after tax: if you have the exact amount/return/tax rate of i...
by infotrader
Wed Mar 21, 2018 2:57 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA
Replies: 10
Views: 776

Re: Roth IRA

IRA stands for "individual retirement account". Everyone has his/her own account.
by infotrader
Wed Mar 21, 2018 1:02 pm
Forum: Investing - Theory, News & General
Topic: Do you Continue to invest even in down market??
Replies: 54
Views: 6332

Re: Do you Continue to invest even in down market??

I basically don't do much in up days, but very active and excited in down days.
by infotrader
Wed Mar 21, 2018 9:56 am
Forum: Investing - Help with Personal Investments
Topic: Helping daughter set up an IRA
Replies: 28
Views: 1290

Re: Helping daughter set up an IRA

Fan23 wrote: ↑
Wed Mar 21, 2018 9:50 am
Thank you, I really appreciate the help. I wasn't sure if setting up a new IRA in 2018 would be allowed for 2017.
Yes, you can, and you can easily do it online, but make sure to check 2017 as the contribution year.
by infotrader
Wed Mar 21, 2018 9:55 am
Forum: Investing - Help with Personal Investments
Topic: Helping daughter set up an IRA
Replies: 28
Views: 1290

Re: Helping daughter set up an IRA

I understand the point about a Roth being more beneficial in the future, but she needs help reducing her taxes right now and in these lean years as she establishes herself. I remember those days when I was young and what a difference a few hundred dollars could make. Give her 5K for a RothIRA and 5...
by infotrader
Wed Mar 21, 2018 9:54 am
Forum: Investing - Help with Personal Investments
Topic: Helping daughter set up an IRA
Replies: 28
Views: 1290

Re: Helping daughter set up an IRA

Roth works the best when people are young with low income. I have been helping my kids with Roth when they first started earning money: I contribute up to the amount earned and they keep the money they have earned. That was 10 years ago. They are still under 30, but both have Roth balance over 6 fig...
by infotrader
Wed Mar 21, 2018 8:50 am
Forum: Investing - Help with Personal Investments
Topic: Helping daughter set up an IRA
Replies: 28
Views: 1290

Re: Helping daughter set up an IRA

Open a roth IRA for 2017 by 4/17.
She will not get a refund, but it will be a much much better deal for her in the long run given her current income.
Also, she does not need to amend her 2017 tax return.
by infotrader
Mon Nov 06, 2017 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: Why make more money?
Replies: 134
Views: 14038

Re: Why make more money?

Uncertainty is the issue. We don't know how long we will live. Even if there is guarantee that you can live upto 100, you are not sure about your health condition. I don't think there are many people who want to work until they collapse, and I see no point of saving for all your life for the purpose...
by infotrader
Wed Aug 30, 2017 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: How to include living trust as beneficiary in investment account?
Replies: 15
Views: 943

Re: How to include living trust as beneficiary in investment account?

Thanks. I will go back and see if there is any written instruction from the attorney.
by infotrader
Wed Aug 30, 2017 9:32 am
Forum: Personal Finance (Not Investing)
Topic: How to include living trust as beneficiary in investment account?
Replies: 15
Views: 943

Re: How to include living trust as beneficiary in investment account?

You treat the living trust just like a person when filling out beneficiary form. How is your trust being set up? What does the lawyer recommend. In my case, I have used the living trust as primary in some cases and secondary in other cases. I set it up with a lawyer who said: trust: primary kids: s...
by infotrader
Wed Aug 30, 2017 9:30 am
Forum: Investing - Help with Personal Investments
Topic: How to rollover active 403b to tIRA after 59 1/2?
Replies: 2
Views: 232

How to rollover active 403b to tIRA after 59 1/2?

I am 60 this year, and I have a 403b account with Fidelity's netbenefits. This is an "active" plan with my current employer. I would like to move portion of it to a traditional IRA (and transfer to Vanguard later).

I wonder if anyone has experience with this, and tell me how to proceed.
by infotrader
Wed Aug 30, 2017 9:23 am
Forum: Personal Finance (Not Investing)
Topic: How to include living trust as beneficiary in investment account?
Replies: 15
Views: 943

How to include living trust as beneficiary in investment account?

My wife and I have a living trust. When we set up it, we were told that we need to name it as the primary beneficiary for investment account. I wonder how to do it. Do I put it as the only beneficiary? What should I do with secondary one? I have a son and daughter, and we will split the funds equall...
by infotrader
Fri Aug 18, 2017 12:28 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity 2% CC or Citi double cash card?
Replies: 60
Views: 10824

Re: Fidelity 2% CC or Citi double cash card?

I've had Fidelity 2% for years. My primary go to card. I use fidelity for investments also. i set up a cash mgt account within my fidelity accts to deposit the rewards. The are auto deposited every month, I don't do anything to make it happen. I have the same arrangement. Fidelity is the best card ...
by infotrader
Mon Aug 07, 2017 9:10 am
Forum: Investing - Help with Personal Investments
Topic: Pimco Bond
Replies: 7
Views: 966

Re: Pimco Bond

BHUser27 wrote:Which Pimco Total Return ticker(s) are you referring to? PTTRX, PTTAX, PTTPX, PRFAX, PMBIX, .......
Comparing to Vanguard Total Bond Index (VBMFX)?
Why do you prefer it? Historical returns? Historical risk? Expense Ratio?, Bond quality? Other?
I believe he refers to BOND, the etf
by infotrader
Tue Aug 01, 2017 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: Moving recently purchased MF from Fidelity to Vanguard
Replies: 2
Views: 260

Re: Moving recently purchased MF from Fidelity to Vanguard

I bought 8k worth of PONDX in my fidelity Roth IRA account and want to transfer and merge it with the same holding in my Vanguard account. I wonder if there is any fee involved, i.e., short term sale fee, since Fidelity requires that it has to be held for 60 days, otherwise a $45 fee will be impose...
by infotrader
Tue Aug 01, 2017 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Moving recently purchased MF from Fidelity to Vanguard
Replies: 2
Views: 260

Moving recently purchased MF from Fidelity to Vanguard

I bought 8k worth of PONDX in my fidelity Roth IRA account and want to transfer and merge it with the same holding in my Vanguard account.
I wonder if there is any fee involved, i.e., short term sale fee, since Fidelity requires that it has to be held for 60 days, otherwise a $45 fee will be imposed.
by infotrader
Tue Aug 01, 2017 9:22 am
Forum: Personal Consumer Issues
Topic: New 2018 Honda Odyssey Problem - Need Advice
Replies: 41
Views: 11162

Re: New 2018 Honda Odyssey Problem - Need Advice

The 2018 Odyssey is not really built on a "truck" platform. Its build on a shared unibody platform with the Pilot and the Ridgline.... Its been this way since... forever. All 3 vehicles share the same engine. There are suspensions differences (actually the Ridgline uses the beefier/stiffer componen...
by infotrader
Tue Aug 01, 2017 12:57 am
Forum: Personal Finance (Not Investing)
Topic: what should my parents do with $100k they just received.
Replies: 12
Views: 1990

Re: what should my parents do with $100k they just received.

I think it is a tossup to do roth or no roth given their income. I assume that they don't have roth 401k at their work, so they should try to put money as much money in their tax deferred 401k as possible. In addition, go ahead and contribute 13k (6500 each) their Roth IRA now, and they can do anoth...
by infotrader
Fri Jul 28, 2017 1:08 am
Forum: Investing - Theory, News & General
Topic: Roth vs Traditional
Replies: 57
Views: 6305

Re: Roth vs Traditional

Actually, this nightmarish scenario can happen to some of us. There are many supersavers here, the chance of running into this problem is much much bigger than national average. I met someone recently. He is 71, and making 180k a year, and retired last month. He maxed out 403 and 457 over the years,...
by infotrader
Thu Jul 27, 2017 8:34 am
Forum: Investing - Help with Personal Investments
Topic: Why not Schwab instead of Vanguard?
Replies: 68
Views: 6375

Re: Why not Schwab instead of Vanguard?

I think any of three is fine. I used to have v and f plus individual accounts with 20 fund companies as well as TDAm (which was the result of my Datek account). I closed all of them over the past 5 years leaving only v and f. I will probably keep it that way in future. If I had had s, I would have k...
by infotrader
Mon Jul 24, 2017 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: Costco Visa foreign transaction fee
Replies: 44
Views: 20051

Re: Costco Visa foreign transaction fee

I am pretty sure that Costco visa has one. However, some foreign POS machines can show the amount in USD. I read somewhere saying that you should avoid selecting this option, since it has worse conversion rate. Personally I use BOA travel reward CC for all my foreign travels (no foreign transaction ...
by infotrader
Tue Jul 18, 2017 10:40 pm
Forum: Investing - Theory, News & General
Topic: Changes to Univ California Retirement Plan
Replies: 14
Views: 2378

Re: Changes to Univ California Retirement Plan

Since there are some UC folks here, I would like to share with you this: I found a DC plan admin fee in my account dated 7/3 today, and then found the following statement in the Plan description. I did not see any public announcement for this. I called fidelity, I heard that the fee was previously a...
by infotrader
Sat Jul 15, 2017 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: Ally debit card for ATM withdrawals outside the United States
Replies: 25
Views: 3483

Re: Ally debit card for ATM withdrawals outside the United States

Fidelity cash management is the best. I think there is similar product from Schwab.
by infotrader
Fri Jul 14, 2017 10:08 am
Forum: Personal Finance (Not Investing)
Topic: Do you count vehicle equity in net worth?
Replies: 203
Views: 13029

Re: Do you count vehicle equity in net worth?

I don't, since they are only for my transportation.
I would have counted them if they are my investment and hobby.
by infotrader
Wed Jul 12, 2017 11:15 am
Forum: Personal Finance (Not Investing)
Topic: Credit card vrs checking account for utility bills
Replies: 23
Views: 2098

Re: Credit card vrs checking account for utility bills

I pay all my bills using cc, except for property tax which has a 2.28% fee.
by infotrader
Mon Jul 10, 2017 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: Yet another pension thread -- take partial lump sum w/reduced annuity or normal annuity?
Replies: 34
Views: 2661

Re: Yet another pension thread -- take partial lump sum w/reduced annuity or normal annuity?

In a way, people may consider pension as a worse form of RMD:
It comes much earlier, and you cannot even manipulate the amount distributed.
by infotrader
Mon Jul 10, 2017 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: Yet another pension thread -- take partial lump sum w/reduced annuity or normal annuity?
Replies: 34
Views: 2661

Re: Yet another pension thread -- take partial lump sum w/reduced annuity or normal annuity?

Sorry for deleting the wrong one. Here again: Not taking lump sum is a common wisdom, but individual situations are usually not common. Most of the discussions regarding lump sum do not take pre-RMD into consideration. At the end of the day, what really matters is how much money you will have after ...
by infotrader
Mon Jul 10, 2017 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: Yet another pension thread -- take partial lump sum w/reduced annuity or normal annuity?
Replies: 34
Views: 2661

Re: Yet another pension thread -- take partial lump sum w/reduced annuity or normal annuity?

From the BH postings, I understand that there is a consensus that lump sum is not a good deal. I think the consensus is based the assumption that people need a have stable income during retirement. If you have sizable tIRA, lump sum may make your income from 62 to 70 lower, so that you can make mor...
by infotrader
Fri Jul 07, 2017 8:26 am
Forum: Investing - Theory, News & General
Topic: Why Diversify? Why Not 100% Global Stocks
Replies: 31
Views: 3760

Re: Why Diversify? Why Not 100% Global Stocks

Before 2008, I had almost a 100% stock portfolio except less than 10% of FNMIX (international bond). It lost 45% of its value, but recovered after 18 months. During the crash, I invested all my available ongoing contributions in stock funds and REITs. Here is what I think: I have pension and I use i...
by infotrader
Mon Jul 03, 2017 12:23 pm
Forum: Investing - Help with Personal Investments
Topic: How can you buy PIMIX without paying a fee?
Replies: 4
Views: 644

Re: How can you buy PIMIX without paying a fee?

Thank you so much!
Just to make it clear: each conversion has to be 25k or more, right?
by infotrader
Mon Jul 03, 2017 12:23 pm
Forum: Investing - Help with Personal Investments
Topic: How can you buy PIMIX without paying a fee?
Replies: 4
Views: 644

Re: How can you buy PIMIX without paying a fee?

RM[/quote] Does it mean you can buy pondx first and ask for conversion when you reach 25K without paying a fee?[/quote] Yes, AFAIK. That wouldn't be a "purchase" (or sale) type of transaction. We've done that with other PIMCO funds, too. That's how it was in the past, at least; not 100% sure now, in...
by infotrader
Mon Jul 03, 2017 10:54 am
Forum: Investing - Help with Personal Investments
Topic: How can you buy PIMIX without paying a fee?
Replies: 4
Views: 644

How can you buy PIMIX without paying a fee?

I have over 25k in my vanguard account, and would like to buy PIMIX. However, there is a 20 fee, and I believe that I will pay it every time when I add more shares. I wonder if there is any way to avoid that fee, such as, buy 25k worth in PONDX first and move them over to PIMIX? Or if there is a bet...
by infotrader
Mon Jul 03, 2017 10:34 am
Forum: Investing - Help with Personal Investments
Topic: Pimco Income Fund - What am I missing?
Replies: 17
Views: 3328

Re: Pimco Income Fund - What am I missing?

Own PIMIX as well. If you invest $100K at FIDO you can get the Institutional Class Shares. I think there was also a $35 fee. PIMCO Institutional shares are available at Vanguard starting with $25k. Until you get to that level, there is no charge to buy/sell Investor shares. At $25k, one can request...
by infotrader
Sun Jun 25, 2017 4:47 pm
Forum: Personal Consumer Issues
Topic: [Sam's Club, Costco, BJ's, and other wholesaler clubs]
Replies: 274
Views: 19302

Re: Sam's Club vs. Costco

Both stores are of the same distance for me. I have executive membership with Costco, and got free membership from Sam's last year, and will not renew the latter. I think there is not much price difference between them. When they have identical items, Sam's is cheaper. The difference is shopping exp...
by infotrader
Sun Jun 25, 2017 12:46 am
Forum: Personal Consumer Issues
Topic: TV show recommendations?
Replies: 572
Views: 219087

Re: TV show recommendations?

Fargo
Better Call Saul (this spin off is even better than the original: "Breaking Bad")
Breaking Bad
House of Cards
GOT
Dark Matter
Continuum (Netflix)
Fringe
Midsomer Murders (I watched it after "Forye's War)
Shetland (murders plus scenery on a Scottish archipelago)
by infotrader
Sat Jun 24, 2017 3:06 pm
Forum: Personal Consumer Issues
Topic: Does Verizon still offer voice only plans?
Replies: 4
Views: 532

Re: Does Verizon still offer voice only plans?

I have Obihai plus google voice for 8 years now for my landline at home, and it is free as long as you have Internet.
by infotrader
Mon Jun 19, 2017 2:53 pm
Forum: Investing - Help with Personal Investments
Topic: Why do we need an emergency fund?
Replies: 70
Views: 6177

Re: Why do we need an emergency fund?

KlangFool wrote:
In this case, it is an unplanned financial need. Hence, it is a financial emergency. So, your cash reserve is your EF.
So, it goes back to how we define it mentally: more or less, everyone is supposed to have one, no matter what you call it.