Search found 1007 matches

by sco
Tue Feb 20, 2024 11:07 am
Forum: Personal Finance (Not Investing)
Topic: Safest way to pay bills electronically
Replies: 72
Views: 6101

Re: Safest way to pay bills electronically

If you are concerned with the inconvenience of Fraud, you can reduce the likelihood by using a card only for automatic bill payment. Don't use this card anywhere else, for anything.
by sco
Tue Jan 23, 2024 8:12 pm
Forum: Personal Investments
Topic: hold company stock for 2 years in ESPP to save taxes before selling?
Replies: 30
Views: 2903

Re: hold company stock for 2 years in ESPP to save taxes before selling?

Selling has had nothing to do with it for me, it shows up on the it’s own paystub within days of the shares being available. Without selling the shares, the 15% has always been taxable in the year those shares are received. Just my experience.
by sco
Tue Jan 23, 2024 8:04 pm
Forum: Personal Investments
Topic: New to investing in taxable accounts. Help appreciated.
Replies: 23
Views: 6116

Re: New to investing in taxable accounts. Help appreciated.

I have a son who works for Google and gets RSU's. You would immediately sell those once they vest? If so why? I don't want to own individual stock, especially in my own company. While Google is probably not going out of business there is always Enron risk. The question your son should ask when his RSUs vest is "If someone gave jme money right now would I use it to buy company stock?" If the answer is yes then leave the RSUs as company stock, otherwise sell. A little story. About 40 years ago my wife worked for a grocery store in Florida named Publix. They were allowed to buy stock in the company (it's not a public company). Her dad gave her $10,000 as a one time investment to buy stock for him. Today after splits that stock is wo...
by sco
Tue Jan 23, 2024 10:23 am
Forum: Personal Investments
Topic: hold company stock for 2 years in ESPP to save taxes before selling?
Replies: 30
Views: 2903

Re: hold company stock for 2 years in ESPP to save taxes before selling?

At multiple companies I’ve worked at, the 15% discount is reported on the W2 and so whether you realize it or not the discount is taxed as regular income the year it is received..

So sell it immediately and buy what you want, there will be minimal cumulative gain or loss if you do this each quarter
.
by sco
Tue Jan 23, 2024 8:59 am
Forum: Personal Investments
Topic: 529 help requested for "My Three Sons"
Replies: 17
Views: 1844

Re: 529 help requested for "My Three Sons"

You won’t need to cover 100% of their expenses with a 529, in fact I wouldn’t even recommend it. In most states you can put some money into the 529 and take it right back out in the same tax year to spend on education.

You have no idea which of the 3 will attend college, where, or for how long or what cost. Keeping some in taxable/ savings will give you a lot of flexibility.

And I’d probably just target date fund each account, unless the options are poor.
by sco
Mon Jan 15, 2024 8:53 pm
Forum: Personal Finance (Not Investing)
Topic: Form 5500: E*Trade individual 401(k) IRS opinion letter
Replies: 15
Views: 1691

Re: Form 5500: E*Trade individual 401(k) IRS opinion letter

Same Question for Fidelity? Serial number and Pre approved date of the opinion letter.
by sco
Sat Jan 06, 2024 10:07 am
Forum: Personal Investments
Topic: New to investing in taxable accounts. Help appreciated.
Replies: 23
Views: 6116

Re: New to investing in taxable accounts. Help appreciated.

I have a son who works for Google and gets RSU's. You would immediately sell those once they vest? If so why? I don't want to own individual stock, especially in my own company. While Google is probably not going out of business there is always Enron risk. The question your son should ask when his RSUs vest is "If someone gave jme money right now would I use it to buy company stock?" If the answer is yes then leave the RSUs as company stock, otherwise sell. A little story. About 40 years ago my wife worked for a grocery store in Florida named Publix. They were allowed to buy stock in the company (it's not a public company). Her dad gave her $10,000 as a one time investment to buy stock for him. Today after splits that stock is wo...
by sco
Fri Jan 05, 2024 8:08 am
Forum: Personal Finance (Not Investing)
Topic: Can Somebody Explain how HSA/HDHP is Always the Obvious Choice?
Replies: 64
Views: 8036

Re: Can Somebody Explain how HSA/HDHP is Always the Obvious Choice?

milktoast wrote: Fri Jan 05, 2024 12:57 am I find it is useful to draw some graphs.
In my experience the PPO only wins in a very narrow band.

But your plans vary from mine, so plot it out.

I’ve found exactly the same each time I’ve done it, but ymmv. It’s always been a narrow band right between spending 0 in care and the out of pocket max.

Don’t forget to estimate office visit co pays, etc. those items add up as you get more and more care.
by sco
Fri Jan 05, 2024 7:57 am
Forum: Personal Investments
Topic: Considerations for transferring solo 401k to current employer 401k
Replies: 7
Views: 794

Re: Considerations for transferring solo 401k to current employer 401k

toddthebod wrote: Fri Jan 05, 2024 7:54 am
sco wrote: Fri Jan 05, 2024 7:27 am The 5500ez are always, filed and it is tied to the LLC that also files it’s taxes every year.
Age 55: if you quit your W2 job before this age or are still working, you can stop your LLC work at this age and start withdrawals from the solo plan.

Age 59.5: if you are still working your W2 job, their 401(k) probably doesn't allow for in-service withdrawals, while you can withdraw from your solo 401(k) if you are no longer doing your LLC job.

RMD age: if you are still working for your W2, you can delay your RMDs. You cannot for your solo plan.
Thanks, I’ll double check the SPD to see if they allow in-service withdrawals at 59 1/2…
by sco
Fri Jan 05, 2024 7:27 am
Forum: Personal Investments
Topic: Considerations for transferring solo 401k to current employer 401k
Replies: 7
Views: 794

Re: Considerations for transferring solo 401k to current employer 401k

The 5500ez are always, filed and it is tied to the LLC that also files it’s taxes every year.
by sco
Thu Jan 04, 2024 7:46 pm
Forum: Personal Investments
Topic: Considerations for transferring solo 401k to current employer 401k
Replies: 7
Views: 794

Considerations for transferring solo 401k to current employer 401k

I have a solo 401k that consists of only rollovers from other employers. I’ve never made contributions directly to it. It is at fidelity and 7 figures. I also have a current employer fidelity 401k that I have just started at (less than one year).

Both expenses / funds are the same, and reasonable. I’m considering merging them to get rid of the solo 401k.


So my question is this. Will I be giving up any withdrawal options or what else should I consider moving my funds to my current employers 401k? I’m at least 10 years from wanting any of the funds, but more likely 15-20 when I would consider doing rather conversions.

I don’t want to put this in an IRA due to back door Roth conversions.
by sco
Thu Dec 07, 2023 10:03 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity Full View
Replies: 30
Views: 5536

Re: Fidelity Full View

tj wrote: Thu Dec 07, 2023 11:34 am
Lloydo wrote: Thu Dec 07, 2023 10:05 am Great news!

My Fidelity rep just let me know that the “New Improved” Full View will be, or is, shut down and the legacy version will remain.

They actually listened to customer feedback!

Lloyd
Fantastic news. Glad fidelity had some cash to burn on unnecessary software development.
Everyone does this, at least they didn't power through with the crap software after they were done.
by sco
Thu Nov 30, 2023 7:51 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity Full View - recent experiences?
Replies: 33
Views: 9481

Re: Fidelity Full View - recent experiences?

I noticed any manual accounts in the new version seem to be old. Older names and values. This is why my NW was different between the two.

It’s like they took a copy of the manual accounts from 5 years ago and used that in the new version.
by sco
Sun Nov 26, 2023 6:50 pm
Forum: Personal Investments
Topic: What are the differences between these 2 funds?
Replies: 13
Views: 1536

Re: What are the differences between these 2 funds?

Allan wrote: Sun Nov 26, 2023 6:39 pm
sco wrote: Sun Nov 26, 2023 6:06 pm So what type of accounts are these in? I certainly wouldn’t make any changes to a taxable/brokerage account.
These are in a Roth and a regular/taxable IRA.
If it’s just a Roth and a traditional IRA, you can just pick one and change with no penalty. And it probably doesn’t matter which you pick. I’d consider them the same, myself.
by sco
Sun Nov 26, 2023 6:06 pm
Forum: Personal Investments
Topic: What are the differences between these 2 funds?
Replies: 13
Views: 1536

Re: What are the differences between these 2 funds?

So what type of accounts are these in? I certainly wouldn’t make any changes to a taxable/brokerage account.
by sco
Mon Sep 18, 2023 9:21 pm
Forum: Personal Consumer Issues
Topic: Kids & cashless businesses
Replies: 18
Views: 2371

Re: Kids & cashless businesses

lazydavid wrote: Mon Sep 18, 2023 12:35 pm We recently made our 16 yo an authorized user on my Amex account. Every transaction is flagged with his initials, so it's easy to see which charges are his. He shares our $35k revolving limit (and whatever our undisclosed "spending limit" is), but is very responsible so I don't have a problem with that.
Amex lets you set each authorized user to a portion of your credit limit. So you can cap the kids at 2-5k if you want to...
by sco
Wed Apr 05, 2023 5:48 am
Forum: Personal Investments
Topic: Very complicated portfolio - Advice on how to simplify?
Replies: 37
Views: 4975

Re: Very complicated portfolio - Advice on how to simplify?

Knowing the total account balance and current gain/loss amount on each would help. Ultimately you are only paying tax on the total of all the gains. So selling anything with a loss, and enough other to offset those losses, really is a no brainer with no tax consequences.

I think you’ll enjoy the satisfaction of seeing the portfolio get simpler.

I echo the suggestion of selling these stocks, then immediately put in the order for that the total us market. You do need to decide if you prefer an etf or mutual fund in taxable.

All this assumes you are at a low cost brokerage, with no fees. And that you can actually see your cost basis.

Make sure your costs basis isn’t set for “average” for future purchases
by sco
Sat Jan 07, 2023 8:43 am
Forum: Personal Investments
Topic: Too much in 401ks?
Replies: 25
Views: 4898

Re: Too much in 401k

If I’m reading this right, 1.5M tax deferred and 500 Roth/etc… ignoring taxable this seems like a really reasonable ratio to me…
Wouldn’t want half my investments in Roth.. 25% seems reasonable
by sco
Wed Nov 02, 2022 6:10 am
Forum: Investing - Theory, News & General
Topic: ESPP share delivery time
Replies: 13
Views: 1105

Re: ESPP share delivery time

3-4 business days, of course half the time a holiday is involved. I just figure it’ll be a week, but sometimes it is 2 days later after market hours (but within extended trading).

At 10% off, I accept the risk for a few days. Sometimes it’s up a couple % more and sometimes it’s down a couple %
by sco
Thu Oct 27, 2022 10:26 pm
Forum: Investing - Theory, News & General
Topic: TreasuryDirect website overloaded
Replies: 20
Views: 3271

Re: TreasuryDirect website overloaded

csmath wrote: Thu Oct 27, 2022 10:23 pm
sco wrote: Thu Oct 27, 2022 10:19 pm That extra few days at 3-4% apy feel worth it now?
I get your point but you know it is for 6 months, not a few days right?
I meant not buying it 2-3 days ago, not waiting until the end of the month...
by sco
Thu Oct 27, 2022 10:19 pm
Forum: Investing - Theory, News & General
Topic: TreasuryDirect website overloaded
Replies: 20
Views: 3271

Re: TreasuryDirect website overloaded

That extra few days at 3-4% apy feel worth it now?
by sco
Sat Sep 03, 2022 9:01 pm
Forum: Personal Investments
Topic: Why is portability of funds a big deal?
Replies: 43
Views: 2942

Re: Why is portability of funds a big deal?

Why wouldn't you pick a portable fund?

What non-portable is so awesome that a similar portable one doesn't exist?
by sco
Thu Apr 21, 2022 10:08 pm
Forum: Personal Finance (Not Investing)
Topic: College Decision
Replies: 225
Views: 21000

Re: College Decision

psteinx wrote: Thu Apr 21, 2022 5:08 pm
homebuyer6426 wrote: Thu Apr 21, 2022 12:57 pm I question how much going to an "elite" school matters for most professions in this day and age. Never felt that going to an inexpensive state college held my career back. I did my first 2 years at a community college and transferred. They had tiny class sizes too which was great.
Depends on the career...
\Which ones? Because I am in a fairly well paid field and degree's are just another check box, there is no discussion about what it is or where it came from.
by sco
Fri Mar 18, 2022 8:04 pm
Forum: Personal Finance (Not Investing)
Topic: Experiences with Fidelity collateral line of credit?
Replies: 18
Views: 2340

Re: Experiences with Fidelity collateral line of credit?

Fidelity will negotiate regular margin down to 1.25%, which will go up as the Fed does. I did it last week. Took out some cash as a test, confirmed the rate. Rough size of brokerage accounts? I was able to get 4% when I had a very small brokerage account with them. He said it's not by account size, it's by size you plan to draw. I asked them to match IB's rate, which is (annoying) a blended rate, and there's a calculator on IB's margin page. Put in the amount you'd draw, and then it'll give you the rate. Fidelity was not able to "match" the rate, but they came very close. Maybe that’s part if it. Can draw too much, if you don’t have a larger brokerage account. I was told they would decrease it with about double the size.
by sco
Fri Mar 18, 2022 7:52 am
Forum: Personal Finance (Not Investing)
Topic: Experiences with Fidelity collateral line of credit?
Replies: 18
Views: 2340

Re: Experiences with Fidelity collateral line of credit?

yobery wrote: Thu Mar 17, 2022 4:06 pm Fidelity will negotiate regular margin down to 1.25%, which will go up as the Fed does. I did it last week. Took out some cash as a test, confirmed the rate.
Rough size of brokerage accounts? I was able to get 4% when I had a very small brokerage account with them.
by sco
Wed Mar 09, 2022 9:51 am
Forum: Personal Consumer Issues
Topic: Skydiving, have you ever been?
Replies: 83
Views: 5304

Re: Skydiving, have you ever been?

Surfcaster wrote: Tue Mar 08, 2022 10:06 am Why would anyone jump out of a perfectly good airplane?

No thanks
I have never seen a perfectly good jump plane...
by sco
Wed Mar 09, 2022 9:51 am
Forum: Personal Consumer Issues
Topic: Skydiving, have you ever been?
Replies: 83
Views: 5304

Re: Skydiving, have you ever been?

Surfcaster wrote: Tue Mar 08, 2022 10:06 am Why would anyone jump out of a perfectly good airplane?

No thanks
I have never seen a perfectly good jump plane...
by sco
Sat Jan 08, 2022 8:44 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth IRA for 2021
Replies: 11
Views: 1412

Re: Backdoor Roth IRA for 2021

Just do the whole 6k the first week of January, unless you have a realistic exception that somehow you won't have that much earned income in the entire year. (Most people know if they are going to retire soon. )
by sco
Tue Jan 04, 2022 5:12 pm
Forum: Personal Investments
Topic: Underfunded 401(k)
Replies: 4
Views: 798

Re: Underfunded 401(k)

FYI the limit in 2022 is 20,500 unless you are eligible for the 50+ catch up contributions
by sco
Thu Dec 09, 2021 10:44 pm
Forum: Personal Investments
Topic: Fisher Investments [vs S&P500]
Replies: 87
Views: 27325

Re: Fisher Investments [vs S&P500]

BertandErnie wrote: Mon Sep 13, 2021 3:09 pm I'm new but I've read enough to know this is almost a 4 letter word around here.
Just a question. If there returns over the last 30 yrs are 9.7% after fees and the S&P is up 7% for that same time frame what would the argument be for investing in an index fund vs an actively managed account such as with Fisher.
Just an FYI, the numbers were given to me in their sales pitch. Be civil.
Have you ever talked to a salesman before? Why would you believe either of those numbers?
by sco
Sat Nov 27, 2021 7:46 am
Forum: Personal Investments
Topic: Lowest cost lines of credit
Replies: 24
Views: 3618

Re: Lowest cost lines of credit

For reference, I and many bogleheads have HELOCS. Many have rates lower than me. Mine is 100k at 3%. +1 on using HELOC if you can. Mine is 3.25%. My margin account is 8.325% with Fidelity. If you have any kind of taxable balance at all, call and ask for lower on the Fidelity margin rate. They will give you a better rate. Thank you for the info! I have around $400K in Fidelity taxable holdings now. Does that level trip a lower rate? The margin balance is around $10k and will be paid off in 30 days. Low 5 digits trips about 4%, I’m sure your balance will go lower. I just called the guy listed on my fidelity page and ask him to do it. It’s just my local contact, not a AUM situation. If you have to mention how attractive Interactive Brokers ra...
by sco
Fri Nov 26, 2021 11:06 am
Forum: Personal Investments
Topic: Lowest cost lines of credit
Replies: 24
Views: 3618

Re: Lowest cost lines of credit

sco wrote: Thu Nov 25, 2021 7:43 pm
Wedemeyer wrote: Thu Nov 25, 2021 1:56 pm
camillus wrote: Wed Nov 24, 2021 7:26 pm For reference, I and many bogleheads have HELOCS. Many have rates lower than me. Mine is 100k at 3%.
+1 on using HELOC if you can. Mine is 3.25%.

My margin account is 8.325% with Fidelity.
If you have any kind of taxable balance at all, call and ask for lower on the Fidelity margin rate. They will give you a better rate.
by sco
Thu Nov 25, 2021 7:43 pm
Forum: Personal Investments
Topic: Lowest cost lines of credit
Replies: 24
Views: 3618

Re: Lowest cost lines of credit

Wedemeyer wrote: Thu Nov 25, 2021 1:56 pm
camillus wrote: Wed Nov 24, 2021 7:26 pm For reference, I and many bogleheads have HELOCS. Many have rates lower than me. Mine is 100k at 3%.
+1 on using HELOC if you can. Mine is 3.25%.

My margin account is 8.325% with Fidelity.
I’d you have any kind of taxable balance at all, call and ask for lower on the Fidelity margin rate. They will give you a better rate.
by sco
Thu Nov 25, 2021 9:15 am
Forum: Personal Finance (Not Investing)
Topic: H&R Block 2021 software offer
Replies: 278
Views: 36348

Re: H&R Block 2021 software offer

Sammy_M wrote: Thu Nov 25, 2021 7:28 am
bsteiner wrote: Wed Nov 24, 2021 11:06 am
fyre4ce wrote: Wed Nov 24, 2021 10:46 am Thanks all. I think the "premium and business" I buy will also include personal tax capability, so I'll give it a try importing data and starting a personal return. If I don't like it I can always go buy TurboTax later...

Edit: Premium + Business is $69.97 at both Walmart.com and Amazon
It will be less than that from time to time, perhaps in the next couple of days.
Indeed. $39.99 today on Amazon.
Link to premium and business please? I can’t find it.
by sco
Thu Jul 22, 2021 11:26 pm
Forum: Investing - Theory, News & General
Topic: [Login problems at several financial sites]
Replies: 48
Views: 3048

Re: [Login problems at several financial sites]

Akamia did a change, impacted most, if not all their customers.

Almost everyone uses them, we (America's) just happened to be awake when this happened.
by sco
Sun Jul 11, 2021 5:16 pm
Forum: Personal Finance (Not Investing)
Topic: Downsides to Vanguard checkwriting
Replies: 39
Views: 4142

Re: Downsides to Vanguard checkwriting

Go online and order checks from any of the normal places, for less than $10 you’ll likely have a lifetime supply if you take the basic ones,
by sco
Sat Jun 05, 2021 10:40 pm
Forum: Personal Consumer Issues
Topic: First computer for kids 6-10: Mac? PC? Chrome OS?
Replies: 27
Views: 3826

Re: iMac

Bogle7 wrote: Thu Jun 03, 2021 10:46 pm In 1995, we bought our daughter a Mac for $5000.
She was worth it.
Graduated from a prestigious uni.
Is a terrific mother.
Makes big bucks.
It's it amazing what they used to cost? I mean you COULD spend $5k on one today if you really wanted to, but it isn't the norm...
by sco
Mon May 31, 2021 8:45 pm
Forum: Personal Investments
Topic: Updated: Help, Financially Naive here.
Replies: 86
Views: 15440

Re: Help, Financially Naive here.

Looks like he has a lot of knowledge and is very likely better than most.
You should ask more questions, but to learn and understand.
by sco
Sat Mar 20, 2021 9:11 am
Forum: Personal Investments
Topic: Saving for College: 14 Year Timeline: Bond Fund in 529 vs I Bonds
Replies: 29
Views: 3684

Re: Saving for College: 14 Year Timeline: Bond Fund in 529 vs I Bonds

If there is a low fee indexed target date option, I’d choose the simplicity over all else. But that’s just me. Several plans have an aggressive or conservative option with a reasonable glide path
by sco
Wed Mar 03, 2021 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: Moving from HealthEquity to Fidelity HSA
Replies: 23
Views: 2987

Re: Moving from HealthEquity to Fidelity HSA

For a HSA Transfer of Assets (ToA) from health equity to fidelity, have fidelity initiate the transfer. This assumes it is an account no longer getting contributions (from an employer). I assumed that the OP still was getting contributions into the HE account, if so he would want a partial transfer. Fidelity can do partial transfers as well (performed a partial transfer within the past 12 months from Health Equity to Fido). One of the question in the Fidelity ToA questionnaire is whether this is a partial or full transfer. Same process with transferring a brokerage account in that you specify whether the transfer is full or partial. After you answer Fidelity's question, it will ask you to digitally sign via a touch screen device so that it...
by sco
Wed Mar 03, 2021 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: Moving from HealthEquity to Fidelity HSA
Replies: 23
Views: 2987

Re: Moving from HealthEquity to Fidelity HSA

seawolf21 wrote: Wed Mar 03, 2021 7:39 am For a HSA Transfer of Assets (ToA) from health equity to fidelity, have fidelity initiate the transfer.
This assumes it is an account no longer getting contributions (from an employer).


I assumed that the OP still was getting contributions into the HE account, if so he would want a partial transfer.
by sco
Wed Mar 03, 2021 6:33 am
Forum: Personal Finance (Not Investing)
Topic: Moving from HealthEquity to Fidelity HSA
Replies: 23
Views: 2987

Re: Moving from HealthEquity to Fidelity HSA

HealthEquity has a partial rollover form that can be done anytime and as many times as you’d like. There is a $20 fee so I’d probably limit myself to a couple times a year. They will do the direct rollover to fidelity or wherever else.
by sco
Thu Feb 18, 2021 6:37 pm
Forum: Personal Investments
Topic: Understanding RSU tax forms
Replies: 25
Views: 2658

Re: Understanding RSU tax forms

SnowBog wrote: Thu Feb 18, 2021 12:38 am
investlikebogle wrote: Thu Feb 18, 2021 12:34 am It varies by broker. Some broker put the correct basis in 1099 and also indicate that basis is not reported to irs.

Some like fidelity put 0 for basis and also indicate that basis is not reported to irs. In this case, the entire rsu amount is shown as gain and if you are not careful you will pay taxes twice on rsu income.
Apparently it's by employer/brokerage... As I'm at Fidelity and all my RSU have the correct basis. (The only ones I need to adjust are ESPP.)
At fidelity my ESPP is listed with the correct cost basis, but not on the 1099, it’s in the supplemental information.
by sco
Sat Feb 13, 2021 7:44 pm
Forum: Personal Finance (Not Investing)
Topic: Import Fidelity into Turbotax
Replies: 53
Views: 6197

Re: Import Fidelity into Turbotax

TierArtz wrote: Wed Feb 10, 2021 10:03 pm I imported a Fidelity consolidated 1099 and and 1099-INT last week. It worked fine. I suppose lots of missing information regarding ESPP sales is par for the course.
This is my first year with fidelity and an ESPP, I noticed some missing costs basis but only in some transactions. This trying to figure out if my employee already reported my discount or not..
by sco
Wed Jan 27, 2021 9:52 pm
Forum: Investing - Theory, News & General
Topic: How to understand all that's going on with GME [GameStop]
Replies: 170
Views: 23080

Re: How to understand all that's going on with GME [GameStop]

Gadget wrote: Sun Jan 24, 2021 6:53 pm
Bryzzo2016 wrote: Sun Jan 24, 2021 3:12 pm
That's fair, and plenty of "proof" posts have been manipulated images without question. It's difficult to tell what proportion of the membership is actually involved. Tactically, I think it was a mistake for Citron's Andrew Left to antagonize them last week.
Short selling should be illegal anyway. I don't understand how it isn't.
That’s ridiculous, so people should only be able to bet that a company will outperform?
by sco
Thu Jan 21, 2021 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: Twenty Four Years of Taxes
Replies: 75
Views: 9737

Re: Twenty Four Years of Taxes

I don’t think your sales tax is accurate at all, but you said that. If you spent 50k last year, and 20k was on things where sales tax isn’t collect (other taxes, mortgage, loan payments) then you could back into a rough number if you knew your local tax rate.

30k spent, 5% sales tax, $1500 in one year.
by sco
Wed Jan 20, 2021 10:29 pm
Forum: Investing - Theory, News & General
Topic: Why don't stock prices go up on payday?
Replies: 50
Views: 11624

Re: Why don't stock prices go up on payday?

I worked at one company that had 6 different schedules for pay. If you are paid bi-weekly there are at best 10 different days that buys could hit, now add in 401k delays, ACH differences, and personal preferences. If there was something to be had here, people would be taking advantage of it the day before.

I've seen contributions happen early, and then 2 week later happen 3 days late. This is just the money getting to the fund, no idea when they actually buy the securities.
by sco
Sat Jan 16, 2021 11:01 pm
Forum: Personal Finance (Not Investing)
Topic: Leaving FA - had the convo, could use some support!
Replies: 31
Views: 3483

Re: Leaving FA - had the convo, could use some support!

If the Etrade product they offer is truly compelling (it may be equal at best), then you could always move back. Either way, if it is this FA won't be involved in it.

Just hit the Go button and be done with it. He's playing with your emotions


Image
by sco
Mon Jan 11, 2021 8:29 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth at Fidelity question
Replies: 59
Views: 8263

Re: Backdoor Roth at Fidelity question

For anyone keeping track, I finally called today. 1/1 Initiated funding to Trad IRA, initiated from Fidelity pulling from Ally 1/4 First business day, Funds show as available to trend 1/5 Ally withdrawal shows online early am. 1/11 I call and they say one more day. 1/12 funds should finally be settled. So its a solid 5-7 business days, depending on how you count. Would it have been faster to push from Ally? I don't know, because I would then have to setup the IRA at ALLY via ACH and go through all that. Another option that would be nice, is if Fidelity allowed inbound wires. Ally charges $20 to push a wire. Probably the best option would have been to have the money already sitting, settled in a CMA at Fidelity. Which reminds me, I need to h...
by sco
Mon Jan 11, 2021 7:57 am
Forum: Personal Investments
Topic: Fidelity Backdoor Roth IRA Terminology
Replies: 20
Views: 2170

Re: Fidelity Backdoor Roth IRA Terminology

Well, it’s the 11th and funds still won’t convert. Solid week from the ach.