Search found 81 matches

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: 731

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: 731

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: 174

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: 731

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: 9405

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: 823

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: 195

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: 195

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: 37
Views: 4207

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: 1834

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: 5388

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: 4997

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: 16893

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: 2091

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: 1795

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: 10957

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: 1896

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: 2327

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: 2327

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: 2327

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: 3257

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: 445

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: 445

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: 445

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: 2725

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: 15403

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: 535
Views: 208655

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: 441

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: 4943

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.
by infotrader
Mon Jun 19, 2017 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: 401k for small businesses
Replies: 1
Views: 238

401k for small businesses

I am posting this message for a friend who is trying to setup a 401k-like retirement savings plan for his little startup with 20 employees. One option he is considering is Captain401 which specializes in startup retirement plans, but their fees feel very high (besides employer cost, annual cost to e...
by infotrader
Mon Jun 19, 2017 10:44 am
Forum: Investing - Help with Personal Investments
Topic: Why do we need an emergency fund?
Replies: 70
Views: 4943

Re: Why do we need an emergency fund?

Thanks for all the posts above, and I do learn a lot from them. The reason for me to start this thread is that I have heard so much about EF, and almost to the point that: EF is the starting point of your personal finance. People will commend you for having one, since it is the right thing to do. I ...
by infotrader
Sun Jun 18, 2017 12:40 pm
Forum: Investing - Help with Personal Investments
Topic: Why do we need an emergency fund?
Replies: 70
Views: 4943

Re: Why do we need an emergency fund?

Well said, Norcaldad. EF is a building block. However, once the house is built, it becomes part of the building, so you don't need another building block lying around. The idea of EF should be promoted more to the audience of suze orman show. If you follow BH and execute its ideas well, EF is hidden...
by infotrader
Sun Jun 18, 2017 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: Curious to odd estate question
Replies: 88
Views: 6174

Re: Curious to odd estate question

This is more like a philosophical question now. I honestly cannot answer it, since I cannot find a way that satisfies the requirement of benefitting no one.
by infotrader
Sun Jun 18, 2017 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: Curious to odd estate question
Replies: 88
Views: 6174

Re: Curious to odd estate question

I wondered if any one has mentioned earlier. For me, the easiest and quickest way to send money to feds is to burn dollar bills. That amount has been effectively taken out of circulation, so the issuer benefits. You need to physically destroy some properties to annihilate your wealth, but I am not s...
by infotrader
Sun Jun 18, 2017 10:31 am
Forum: Investing - Help with Personal Investments
Topic: Why do we need an emergency fund?
Replies: 70
Views: 4943

Re: Why do we need an emergency fund?

aristotelian wrote: I am addicted to investing and it pains me to keep any money in a savings account earning negative real return. That said, I have found it useful to have a cash cushion and it helps me sleep at night without too much opportunity cost.
I feel exactly the same way.
by infotrader
Sun Jun 18, 2017 10:26 am
Forum: Investing - Help with Personal Investments
Topic: Why do we need an emergency fund?
Replies: 70
Views: 4943

Re: Why do we need an emergency fund?

stan1 wrote:Emergency funds are an alternative to high cost credit card debt. If you have a better approach than either of those that's great.
This is the best summary.
by infotrader
Sun Jun 18, 2017 10:11 am
Forum: Investing - Help with Personal Investments
Topic: Why do we need an emergency fund?
Replies: 70
Views: 4943

Re: Why do we need an emergency fund?

Whatever works for you. I have a tiered approach that gets the best of both worlds. I have a few months liquid, risk free cash, while keeping everything else fully invested. Above the first tier I have a few funds that do double duty as I think it is important to have at least a few months expenses...
by infotrader
Sun Jun 18, 2017 9:54 am
Forum: Investing - Help with Personal Investments
Topic: Why do we need an emergency fund?
Replies: 70
Views: 4943

Re: Why do we need an emergency fund?

kelway wrote:I suppose for the exact same reason you might not retire 100% invested in stocks.
So, can we retire the idea of emergency fund as long as appropriate AA is in place?
by infotrader
Sun Jun 18, 2017 9:45 am
Forum: Investing - Help with Personal Investments
Topic: Why do we need an emergency fund?
Replies: 70
Views: 4943

Why do we need an emergency fund?

We have been told again and again that we need to have an emergency fund worth at least 3 months of income or expenses for rainy days. I have never had an emergency fund, and all I have is money invested and money to be invested. I did not have college fund for my kids too, but sent both of them to ...
by infotrader
Sat Jun 17, 2017 12:06 am
Forum: Investing - Help with Personal Investments
Topic: New physician - UC retirement options help (403b/457b/401a megabackdoor roth)!
Replies: 94
Views: 9347

Re: New physician - UC retirement options help (403b/457b/401a megabackdoor roth)!

It looks like the 2k over contribution is due to:
$1K summer salary EE
$1K summer salary ER

Avo: Did you specify exactly 54k for the 401a after tax, OR, the system cut it off automatically once the limit is reached?
by infotrader
Fri Jun 16, 2017 11:43 pm
Forum: Investing - Help with Personal Investments
Topic: New physician - UC retirement options help (403b/457b/401a megabackdoor roth)!
Replies: 94
Views: 9347

Re: New physician - UC retirement options help (403b/457b/401a megabackdoor roth)!

It looks like the 2k over contribution is due to:
$1K summer salary EE
$1K summer salary ER

Avo: Did you specify exactly 54k for the 401a after tax, OR, the system cut it off automatically once the limit is reached?
by infotrader
Fri Jun 16, 2017 9:42 pm
Forum: Investing - Help with Personal Investments
Topic: New physician - UC retirement options help (403b/457b/401a megabackdoor roth)!
Replies: 94
Views: 9347

Re: New physician - UC retirement options help (403b/457b/401a megabackdoor roth)!

UC does such a poor job on retirement education. Sometimes, I know more than HR people. No surprisingly, in one of the UCRP publications, I found that 80% of 403/457 contributions are in savings account.
by infotrader
Fri Jun 16, 2017 8:00 pm
Forum: Investing - Help with Personal Investments
Topic: New physician - UC retirement options help (403b/457b/401a megabackdoor roth)!
Replies: 94
Views: 9347

Re: New physician - UC retirement options help (403b/457b/401a megabackdoor roth)!

Thanks. Here is what I found in the UC publication: To comply with the IRC §415(c) contribution limit ($54,000 in 2017) and to protect the Plan’s qualified status with the IRS, the Plan Administrator annually monitors contributions made for participants. If, due to reasonable error, the 415(c) limit...
by infotrader
Fri Jun 16, 2017 7:05 pm
Forum: Investing - Help with Personal Investments
Topic: New physician - UC retirement options help (403b/457b/401a megabackdoor roth)!
Replies: 94
Views: 9347

Re: New physician - UC retirement options help (403b/457b/401a megabackdoor roth)!

Note to all but particularly to Infotrader, Avo, and Gleevec: I've rediscovered something I knew well enough last October to report earlier in this topic, but apparently subsequently forgot, relating to the treatment for 415(c) of mandatory employ ee contributions to a DB plan....which in turn affe...
by infotrader
Fri Jun 16, 2017 6:39 pm
Forum: Investing - Help with Personal Investments
Topic: With guaranteed pension, should 403(b) investments be more aggressive or more conservative?
Replies: 33
Views: 2110

Re: With guaranteed pension, should 403(b) investments be more aggressive or more conservative?

Between my wife and myself, we have 3 pensions, and are also covered under ss. Medical insurance also covered by the employer after retirement. We have been in about 70% equity and 20% REITs and 10% bond as long as I can remember. For me, deferring too much seems to be a bigger issue. We could put a...