Search found 131 matches

by pyld76
Wed Oct 18, 2017 2:51 pm
Forum: Investing - Theory, News & General
Topic: Written transactions in brokerage accounts basically going away
Replies: 4
Views: 629

Written transactions in brokerage accounts basically going away

Mods--if this was posted already, I apologize. Got the following e-mail today. This could make tax-loss harvesting harder and a few other use cases (I believe that's when I used a written instruction to them in my brokerage/taxable account). Recall you used to be able to go "around" the 60 then 30-d...
by pyld76
Tue Jul 18, 2017 9:39 am
Forum: Investing - Theory, News & General
Topic: Vanguard 403b Changes
Replies: 144
Views: 15938

Re: Vanguard 403b Changes

It's even more specific than that. I was only talking about public k-12, not all nonErisa 403b market. TIAA is getting out, and I speculate that Vanguard may be trying a different approach to getting in the non erisa market, especially k12. Vanguard knows that the 4 million public k-12 employees ar...
by pyld76
Sun Jul 16, 2017 9:05 am
Forum: Investing - Theory, News & General
Topic: Vanguard 403b Changes
Replies: 144
Views: 15938

Re: Vanguard 403b Changes

Reality is this stuff (401k/403b admin/record-keeping) does cost money. Most of the time, you just don't know the costs being covered by the employer. (For our 401K, it's about $100 per employee.) The 403b structure itself seems a wacky in that record-keeping is separated out amongst the different ...
by pyld76
Sat Jul 15, 2017 10:16 pm
Forum: Investing - Theory, News & General
Topic: Vanguard 403b Changes
Replies: 144
Views: 15938

Re: Vanguard 403b Changes

Vanguard sickened me with these 403b changes. I have $1.4 million directly with the company and another $400,000 invested in Wellington through the NYS Deferred Compensation Plan and I would love to withdraw it all from Vanguard after these changes. I received the letter today announcing the $5 mon...
by pyld76
Thu Mar 23, 2017 10:15 pm
Forum: Personal Finance (Not Investing)
Topic: Citi card Nightmare
Replies: 75
Views: 9425

Re: Citi card Nightmare

May I suggest that you put the card away, call and find out what you owe today, cut thema check for that amount, mail,it, and call Citi to cancel once the check clears?
by pyld76
Tue Mar 21, 2017 8:31 pm
Forum: Investing - Theory, News & General
Topic: Sitting down with Fidelity advisor next week
Replies: 22
Views: 3253

Re: Sitting down with Fidelity advisor next week

I think the answer to your questions can mostly be answered (implicitly or explicitly) from Fidelity Retirement Analysis that is available online. I think the advisor will probably just run the program on his computer and show you the result. Have you tried it? This is exactly what happened with th...
by pyld76
Mon Mar 20, 2017 11:51 pm
Forum: Personal Consumer Issues
Topic: A SUV for towing a Travel Trailer
Replies: 71
Views: 8750

Re: A SUV for towing a Travel Trailer

What was your (bad, I assume) towing with a unibody vehicle? I towed several trailers with unibody vehicles, and while I wouldn't have towed the rated maximum 7000lbs, I wouldn't hesitate to tow 4000lbs with them, at least not a reasonably aerodynamic 4000lbs like the trailer in question. I would h...
by pyld76
Mon Mar 20, 2017 11:40 pm
Forum: Investing - Help with Personal Investments
Topic: Yet another mega backdoor rollover question
Replies: 8
Views: 606

Re: Yet another mega backdoor rollover question

So, my Megacorp 401k has an after tax component, but no Roth component. Based on my reading of my plan's docs, even if they won't take a direct rollover into the pre-tax IRA of post-tax subaccount earnings, I'll bet the mechanics of actually doing it (over to a tIRA, back into the 401k) might be ach...
by pyld76
Mon Mar 20, 2017 10:16 pm
Forum: Personal Consumer Issues
Topic: A SUV for towing a Travel Trailer
Replies: 71
Views: 8750

Re: A SUV for towing a Travel Trailer

You don't want to tow 3k plus pounds with a unibody vehicle. Get the 4Runner.

Reliable, good on and off-road. Will run forever if properly maintained.
by pyld76
Mon Mar 20, 2017 10:07 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity vs. Vangard?
Replies: 57
Views: 5775

Re: Fidelity vs. Vangard?

... I suppose the risk with Fido is that someday they reverse course, and costs creep up again. Particularly in taxable, you'd be hosed. ... Can that risk not be mitigated with ETFs, those being portable with in-kind transfers? Sure, but that presupposes you want to use ETFs. All things being equal...
by pyld76
Mon Mar 20, 2017 8:40 pm
Forum: Investing - Help with Personal Investments
Topic: Yet another mega backdoor rollover question
Replies: 8
Views: 606

Re: Yet another mega backdoor rollover question

The after tax sub account can generally utilize a split rollover per Notice 2014-54 in which the contributions go to the Roth IRA and any earnings to your TIRA. Now that some plans want to retain 401k assets and IRRs are becoming more commonplace, I wonder how many plans offer the option of using N...
by pyld76
Mon Mar 20, 2017 8:34 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity vs. Vangard?
Replies: 57
Views: 5775

Re: Fidelity vs. Vangard?

I have both. Fido's frontline support at a sub-1mm portfolio level is better. By a lot. Philosophically, I prefer VG every time. I own the fund, fund owns VG, they don't have the impetus to screw me, etc. Fidelity operates like a business that is trying to keep people happy, not only give them the l...
by pyld76
Mon Mar 20, 2017 8:27 pm
Forum: Personal Finance (Not Investing)
Topic: Paying $20 to E-File State Return
Replies: 75
Views: 13835

Re: Paying $20 to E-File State Return

When it was free to e-file with TT, I did so.

When it stopped being free, I didn't. Particularly because I invariably owe PA money. They can work for it, and I know they got the return when the check clears.
by pyld76
Mon Mar 20, 2017 8:22 pm
Forum: Investing - Help with Personal Investments
Topic: Keep Financial Advisor or move to 3 Fund Portfolio?
Replies: 48
Views: 4642

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

1. Dump financial advisor. 2. Read "If You Can" https://www.etf.com/docs/IfYouCan.pdf . 3. Read all the "homework" it assigns. 4. Come back here and browse the Wiki to fill in the gaps. I just read that and it looked like toward the end he had investing as 1) 401k up to the matc...
by pyld76
Mon Mar 20, 2017 8:11 pm
Forum: Investing - Help with Personal Investments
Topic: Moving from Vanguard to Fidelity (probably)
Replies: 51
Views: 6312

Re: Moving from Vanguard to Fidelity (probably)

I have accounts at both VG and Fido, largely because the latter are the custodian for my 401k and HSA (over which I have zero choice). There is nothing stopping you from keeping accounts in both places, particularly if you are doing Fido for the credit card and the cash management as your primary go...
by pyld76
Wed Mar 15, 2017 9:17 pm
Forum: Personal Finance (Not Investing)
Topic: What Do You Keep In Your Bank Safe Deposit Box?
Replies: 66
Views: 8885

Re: What Do You Keep In Your Bank Safe Deposit Box?

Safety deposit boxes seem so twentieth-century. You can get new copies of all the most important documents, and digital redundancy is better achieved through local backups and multiple cloud backups. Multiple cloud backups of terabytes of data are not economically bogle-ish. It's cheaper in both ba...
by pyld76
Tue Mar 14, 2017 10:01 pm
Forum: Investing - Help with Personal Investments
Topic: Do you avoid international investing like Jack Bogle?
Replies: 151
Views: 10433

Re: Do you avoid international investing like Jack Bogle?

I believe Mr. Bogle has said something to the effect of "if you must, no more than 20% international." I must, but I work for a non-US megacorp. So, I stick to 20% and take my international risk/exposure in my job. If I didn't have the job exposure, I'd be tempted to up things to 30%. But ...
by pyld76
Mon Mar 13, 2017 7:27 pm
Forum: Investing - Help with Personal Investments
Topic: Putting Savings in Perspective
Replies: 54
Views: 5081

Re: Putting Savings in Perspective

mhalley wrote:You might review mmm post on savings rate and early retirement.

http://www.mrmoneymustache.com/2012/01/ ... etirement/


Well, or you might not. He assumes a 4% SWR and a 5% real return to come up with those numbers.
by pyld76
Mon Mar 13, 2017 7:21 pm
Forum: Personal Finance (Not Investing)
Topic: What Do You Keep In Your Bank Safe Deposit Box?
Replies: 66
Views: 8885

Re: What Do You Keep In Your Bank Safe Deposit Box?

Here's a question: suppose that, hypothetically, you use KeePass to store all your passwords, and you have a highly complex password for the KeePass database. Being highly complex, you can't memorize it, so you write it down. You use KeePass nearly every day, so storing the password in a relatively...
by pyld76
Sat Mar 11, 2017 12:05 pm
Forum: Personal Consumer Issues
Topic: What to do with all these passwords ?
Replies: 125
Views: 13101

Re: What to do with all these passwords ?

Happy 1Password user here. Used to be a pwSafe/password safe user. The UI is better in 1Password and the ability to store TOTP 2FA codes is great. The windows UI is kind of weak.
by pyld76
Sat Mar 11, 2017 11:50 am
Forum: Personal Consumer Issues
Topic: Where to start - converting from generator/UPS to more reasonable solar / powerwall?
Replies: 70
Views: 6437

Re: Where to start - converting from generator/UPS to more reasonable solar / powerwall?

Some kind of phantom draw to the UPS perhaps? Is the neighbor's underground weed farm tapped into your power. That's a LOT of power being unaccounted for.... oooo. that's promising. I'll have to play with that. It's 15 year old tech. Probably not so efficient. I found the furnace was using an outda...
by pyld76
Thu Mar 09, 2017 11:42 pm
Forum: Forum Issues and Administration
Topic: What would happen if a hacker got a full database dump of the site?
Replies: 29
Views: 3612

Re: What would happen if a hacker got a full database dump of the site?

They are going to know how many financially saavy individuals use B0gl3h3@dz as their password, and be severely disappointed as a result.
by pyld76
Thu Mar 09, 2017 11:35 pm
Forum: Personal Consumer Issues
Topic: Where to start - converting from generator/UPS to more reasonable solar / powerwall?
Replies: 70
Views: 6437

Re: Where to start - converting from generator/UPS to more reasonable solar / powerwall?

1. Find the vampire load. 2. Fix that genset. 3. If you want to be altruistic and green, you could do some solar, I suppose, but in your region you are going to need a ton of PV to push your house even in the summer. It will not be cheap. The battery (powerwall) required will be even less cheap, and...
by pyld76
Thu Mar 09, 2017 11:12 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Personal Advisor service, or 3 fund portfolio
Replies: 12
Views: 2226

Re: Vanguard Personal Advisor service, or 3 fund portfolio

Understood! Yes the knowledge gap is filled, I think I would be fine with a 3/4 fund portfolio and have the discipline to do so. Which four would you recommend for $500K? Spend some time looking at this URL https://www.bogleheads.org/wiki/Lazy_portfolios and ignore everything with >4 funds. Without...
by pyld76
Thu Mar 09, 2017 11:04 pm
Forum: Investing - Help with Personal Investments
Topic: At what $ level should someone really start diversifiying?
Replies: 25
Views: 2561

Re: At what $ level should someone really start diversifiying?

Amount of money is one thing, temperament and aptitude is another. If ambivalent, uninterested, etc, use Target Date funds. If excited and really into eeking out all possible gains, get them into the mindset of manually diversifying / rebalancing as soon as minimums can be met in desired funds. Thi...
by pyld76
Thu Mar 09, 2017 8:02 pm
Forum: Investing - Help with Personal Investments
Topic: Mega Backdoor Roth Question
Replies: 14
Views: 1355

Re: Mega Backdoor Roth Question

It is also possible to take a withdrawal or distribution and split it into two rollovers, one to a Roth IRA and the other to a regular IRA. This could allow you to convert your after-tax 401k contributions to Roth contributions in a Roth IRA, while avoiding current tax on the rest of your withdrawa...
by pyld76
Thu Mar 09, 2017 10:00 am
Forum: Investing - Help with Personal Investments
Topic: Mega Backdoor Roth Question
Replies: 14
Views: 1355

Re: Mega Backdoor Roth Question

What they are likely indicating is that, for whatever reason, they won't cut you two checks (one for the after-tax contributions for which you owe no tax, and one for the after tax earnings, for which you do owe tax). That may be a plan by plan thing. Fidelity has offered to cut me two checks (post ...
by pyld76
Thu Mar 09, 2017 9:48 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Personal Advisor service, or 3 fund portfolio
Replies: 12
Views: 2226

Re: Vanguard Personal Advisor service, or 3 fund portfolio

I would not have assets at VG that aren't under PAS if you choose to go that route. Ergo, either let the advisor help you create your asset allocation, or don't, but don't try to split the baby. It's possible that one or the other of you may make a move unexpectedly and upset the proverbial applecar...
by pyld76
Wed Mar 08, 2017 11:15 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard doesn't understand Mega-Backdoor
Replies: 47
Views: 5288

Re: Vanguard doesn't understand Mega-Backdoor

Enclosed you will find a check made out to Vanguard, FBO: Someone (me). This check represents an in-service withdrawal of after-tax monies from my workplace 401(k) qualified retirement plan administered by 401kadmingoeshere (this is a traditional 401k/thrift plan with an after-tax subaccount, not a...
by pyld76
Wed Mar 08, 2017 1:09 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard doesn't understand Mega-Backdoor
Replies: 47
Views: 5288

Re: Vanguard doesn't understand Mega-Backdoor

My wife's employer has a 401k plan that is great for the mega backdoor. We are trying to roll over into Vanguard, because her employer does not offer in-plan conversions. There are about $3000 in earnings, because it's taken a while for us to start the roll-over process. I don't really care if they...
by pyld76
Wed Mar 08, 2017 12:40 am
Forum: Personal Consumer Issues
Topic: 2014 Subaru Forrester 2.5i vs 2010 Lexus RX 350
Replies: 25
Views: 2856

Re: 2014 Subaru Forrester 2.5i vs 2010 Lexus RX 350

I still don't feel worthy when I drive it around and the windshield wipers come on automatically. Also it only had 79k miles on it and a perfect maintenance record, we also got a free year of maintenance included in the purchase and a 12k powertrain warrantee for free, and this is for a 2010! Did t...
by pyld76
Sun Mar 05, 2017 10:17 pm
Forum: Investing - Theory, News & General
Topic: New Investor – Novice Jitters
Replies: 32
Views: 3010

Re: New Investor – Novice Jitters

Love that story! Minor point: it was the dividends, not the reinvestments, that had the tax drag. So, OP, either a balanced fund or PAS would be a way to help avoid messing things up. Yeah, I wasn't concise but you encapsulated the gist: the "right" thing to do isn't having a balanced or ...
by pyld76
Sun Mar 05, 2017 11:21 am
Forum: Investing - Theory, News & General
Topic: New Investor – Novice Jitters
Replies: 32
Views: 3010

Re: New Investor – Novice Jitters

If the majority of your market participation is in tax sheltered or tax deferred vehicles (401k/403b/457/tIRA/rIRA), buy yourself the VG life strategy fund that's 80% stock. Or the VG balanced fund Then don't open the statements for about a decade. This becomes harder to do if you have to have a sig...
by pyld76
Sat Mar 04, 2017 11:35 pm
Forum: Personal Consumer Issues
Topic: Camry Redesign
Replies: 61
Views: 7065

Re: Camry Redesign

Ditto the bit about the second model year of a new car, much less one on a new platform, and then one which (according to Toyota itself) is a pretty radical departure from it's predecessor. I'd plan on giving the folks in Kentucky a year to figure out how to build it right.
by pyld76
Sat Mar 04, 2017 11:28 pm
Forum: Investing - Help with Personal Investments
Topic: Should I sell bond fund because FED's heads-up on rate increase?
Replies: 13
Views: 2132

Re: Should I sell bond fund because FED's heads-up on rate increase?

The bond market has already (to the extent possible) priced in the Fed information. This is a pretty classic AA decision, regardless of the rate environment. I've always figured that if the fund's duration is shorter than my anticipated holding period, I'm not particularly bothered by what the rate ...
by pyld76
Sat Mar 04, 2017 12:30 pm
Forum: Investing - Help with Personal Investments
Topic: anybody had experience with AXA Advisors aka AXA Equitable?
Replies: 53
Views: 28023

Re: anybody had experience with AXA Advisors aka AXA Equitable?

Before DW was DW, the sales guy from AXA prowled the teacher's lunchroom at the local HS, selling their wares to the prey (teachers) in the local school. It was a complete scam. "index" funds with all-fees approaching 1%, 7 year surrender charge lockins, etc. It took us years to unwind her...
by pyld76
Sat Mar 04, 2017 12:26 pm
Forum: Investing - Help with Personal Investments
Topic: Keep Financial Advisor or move to 3 Fund Portfolio?
Replies: 48
Views: 4642

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

1. Dump financial advisor. 2. Read "If You Can" https://www.etf.com/docs/IfYouCan.pdf . 3. Read all the "homework" it assigns. 4. Come back here and browse the Wiki to fill in the gaps. Immediately, moving to a three-funder with care taken for tax efficiency (place your bond allo...
by pyld76
Tue Feb 28, 2017 10:08 pm
Forum: Investing - Theory, News & General
Topic: Allan Roth: "Why ETFs Won't Replace Mutual Funds"
Replies: 45
Views: 4247

Re: Allan Roth: "Why ETFs Won't Replace Mutual Funds"

Seems to me that the "fractional share" advantage of mutual funds is a tiny marginal savings at best. It's more like fine-tuning or tweaking rather that being significant in any meaningful way. But the portability of ETF's is important. Hopefully it will never be an issue, but we can't pr...
by pyld76
Mon Feb 20, 2017 11:15 pm
Forum: Investing - Help with Personal Investments
Topic: $50,000 to invest...How would you invest it in this market the Jack Bogle way!!!
Replies: 8
Views: 1752

Re: $50,000 to invest...How would you invest it in this market the Jack Bogle way!!!

Hi, I am 36 years old and I have about $50,000 to invest. My tax bracket is :39.6%. I always max out the 401k and Backdoor Roth IRA. I am a father of two kids under two and I have just started their 529 funds with $5000 each. I keep a simple three/four fund portfolio. These include VTSAX (total sto...
by pyld76
Mon Feb 20, 2017 10:09 pm
Forum: Investing - Theory, News & General
Topic: What Could Stop Vanguard From World Domination? - Article by Ben Carlson
Replies: 19
Views: 3072

Re: What Could Stop Vanguard From World Domination? - Article by Ben Carlson

I'll tell you the one thing that's problematic for me going anywhere else but VG: one of philosophy and a wee bit of paranoia. I own VG, as a fund shareholder. That structure is what the rational agent would choose every time as it limits the ability (somewhat) and the motivation (more) to screw one...
by pyld76
Mon Feb 20, 2017 10:03 pm
Forum: Personal Finance (Not Investing)
Topic: Larry Swedroe on James Lange's podcast Retire Secure
Replies: 8
Views: 2436

Re: Larry Swedroe on James Lange's podcast Retire Secure

Jim's shows fall into one of two categories: 1. Hour long "infomercials" for his services in conjunction with PJ DINuzzo as the guest. Some of the selling logic is suspect ("well, since the average portfolio expense is 1.35, and DFA is .35, we just saved you our fee" is typical)....
by pyld76
Sun Feb 19, 2017 10:50 pm
Forum: Investing - Theory, News & General
Topic: What Could Stop Vanguard From World Domination? - Article by Ben Carlson
Replies: 19
Views: 3072

Re: What Could Stop Vanguard From World Domination? - Article by Ben Carlson

I don't know what the percentages are, and I'll bet a lot of the flows are ETF and/or institutional. I do know that at the <flagship level, the CS has deteriorated noticeably (data point of one) in the last two years or so, and things one reads here tend to give some credence to the idea my anecdota...
by pyld76
Sun Feb 19, 2017 10:22 pm
Forum: Investing - Theory, News & General
Topic: What Could Stop Vanguard From World Domination? - Article by Ben Carlson
Replies: 19
Views: 3072

Re: What Could Stop Vanguard From World Domination? - Article by Ben Carlson

Vanguard can stop Vanguard.

They won't continue to capture the retail investor flows if they don't fix the customer service trajectory.
by pyld76
Sun Feb 19, 2017 10:04 pm
Forum: Personal Finance (Not Investing)
Topic: General thoughts on maxing HSA's
Replies: 9
Views: 1258

Re: General thoughts on maxing HSA's

The tax benefits are enormous. It's not a deduction in a schedule A standpoint--it's lowering your taxable income. If you save receipts or use it for medical care, you won't ever pay taxes on that money. If you can fund medical expenses out of pocket, you can both max it and treat it like extra tax ...
by pyld76
Sun Feb 19, 2017 8:04 pm
Forum: Investing - Theory, News & General
Topic: TSP Expense Ratio jumps to 0.038%
Replies: 72
Views: 8812

Re: TSP Expense Ratio jumps to 0.038%

No offense taken. I hope I didn't offend others as well. I wasn't complaining about the absolute ERs of the TSP. I have access to institution funds through a 403b from a former (very large university) employer. I'm not moving $5M chunks around to save fractional basis points. I still believe people...
by pyld76
Sun Feb 19, 2017 11:44 am
Forum: Investing - Theory, News & General
Topic: TSP Expense Ratio jumps to 0.038%
Replies: 72
Views: 8812

Re: TSP Expense Ratio jumps to 0.038%

You are spot on navy: That change makes TSP the same cost as Vanguard TSM institutional. So for another $50/year, we can have all funds under one roof, easy RMD and rebalancing management, and very flexible withdrawal options. Despite the low relative cost, I wonder how folks would feel if their fu...
by pyld76
Sun Feb 19, 2017 11:27 am
Forum: Personal Finance (Not Investing)
Topic: What Do You Keep In Your Bank Safe Deposit Box?
Replies: 66
Views: 8885

Re: What Do You Keep In Your Bank Safe Deposit Box?

What about the horror stories that surfaced during the financial crisis? m Some states (California was mentioned as the worst) went after safe deposit boxes to raid them for assets. Do you at least check your local state laws to see how they handle unclaimed property (some of the assets in the stor...
by pyld76
Sun Feb 19, 2017 11:17 am
Forum: Personal Finance (Not Investing)
Topic: What Do You Keep In Your Bank Safe Deposit Box?
Replies: 66
Views: 8885

Re: What Do You Keep In Your Bank Safe Deposit Box?

"What DW is to do if I'm hit by a bus or burn down in the house" documentation Great idea. I've been thinking about creating something like this for a long time. Do you mind sharing some of the things you have in there. i only have bank details & insurance policies etc so far. Sure. I...
by pyld76
Sat Feb 18, 2017 4:49 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Target Retirement Fund to Investor Shares
Replies: 11
Views: 1023

Re: Vanguard Target Retirement Fund to Investor Shares

Put the money into the TR fund in your Roth IRA. So long as you don't intend to start taxable investing or have to consider another account like a 401k, build the balance up to $50-60k, and then think about splitting it into constituent Admiral shares of the individual funds that you wish to use to ...
by pyld76
Sat Feb 18, 2017 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: What Do You Keep In Your Bank Safe Deposit Box?
Replies: 66
Views: 8885

Re: What Do You Keep In Your Bank Safe Deposit Box?

(1) backup hard drives - I use crashplan to create a complete backup in the cloud in real time. As I understand it, the encryption is very good, and no one is going to randomly guess my 64 character randomly generated password. I just don't see the value in bothering with a physical offsite backup ...