Search found 7443 matches

by tfb
Wed Jan 18, 2017 1:06 am
Forum: Investing - Help with Personal Investments
Topic: improperly administered SIMPLE IRA: who is responsible?
Replies: 4
Views: 436

Re: improperly administered SIMPLE IRA: who is responsible?

So my question is, who is legally responsible here? Is it the employer alone, even if they were just following advice they were given? Is it the firm that provided the bad advice? Is it the professional at the firm who provided it? If I decide to report someone at the firm (which I will consider, i...
by tfb
Wed Jan 18, 2017 12:54 am
Forum: Investing - Theory, News & General
Topic: Vanguard's old "free" TurboTax. Was it really free?
Replies: 11
Views: 1298

Re: Vanguard's old "free" TurboTax. Was it really free?

Was this a case where non-Flagship customers were subsidizing Flagship customers (just as Flagship customers who never call Vanguard and who get all their documents electronically conceivably subsidize customers who spend a lot of time with Vanguard reps and who prefer to have documents mailed to t...
by tfb
Wed Jan 18, 2017 12:47 am
Forum: Investing - Theory, News & General
Topic: my review of my HSA with Saturna brokerage
Replies: 113
Views: 28189

Re: my review of my HSA with Saturna brokerage

cookymonster wrote:I'm looking for something that's 0.10% or less. I'm surprised that I don't see anything like that offered by Fidelity or Schwab (on their websites, anway).

FSITX at 0.05% ER is available for $14.95 commission.
by tfb
Mon Jan 16, 2017 3:42 pm
Forum: Personal Finance (Not Investing)
Topic: Why nobody understands importance of high-deductible insurance?
Replies: 110
Views: 9318

Re: Why nobody understands importance of high-deductible insurance?

I carry a $1000 deductible in my car. Going to $2500 only saved about $150/year. Didn't seem like a good value. That's what I concluded. I always thought they had the higher deductible plan overpriced, and in effect used the extra premium dollars to subsidize the lower deductible plans. Probably th...
by tfb
Mon Jan 16, 2017 1:57 am
Forum: Investing - Theory, News & General
Topic: Flagship Reps
Replies: 62
Views: 4971

Re: Flagship Reps

A dedicated rep isn't as dedicated as you understand it. A flagship rep I found on LinkedIn said he was assigned to a book of 600 customers. I don't know how dedicated a rep can be to 600 customers.
by tfb
Mon Jan 16, 2017 1:48 am
Forum: Personal Finance (Not Investing)
Topic: Out of town mechanic botched fix
Replies: 19
Views: 1560

Re: Out of town mechanic botched fix

This happened to me. I thought I had to pay again but it turned out the out-of-town mechanic participated in a national network even though the shop appeared to be independent. I was able to have the reman'd part replaced by a different shop in the same network under warranty. The part distributor w...
by tfb
Sat Jan 14, 2017 4:31 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity HSA fees
Replies: 6
Views: 409

Re: Fidelity HSA fees

This week, I noticed a $12 HSA fee on my account activity. I did some googling and apparently Fidelity charges $12/quarter, $48/year, to manage a HSA. At HSA Bank, which is a popular option here, you'd have to pay $66 a year in order to invest every dollar or you have to hold $5,000 in cash earning...
by tfb
Sat Jan 14, 2017 4:24 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity free Turbotax
Replies: 123
Views: 16003

Re: Fidelity free Turbotax

hmw wrote:I chatted with a fido rep today. In order have private Client status, only taxable account counts toward the $1 million. 401k/403b/457 do not count.

Only personal. IRAs also count.
by tfb
Sat Jan 14, 2017 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard vs. Fidelity [Customer Service Reputation]
Replies: 59
Views: 3686

Re: Vanguard vs. Fidelity

In general, Vanguard is the best asset manager out there. Not in 100% of the cases but in general. In general, I think Fidelity is a better asset custodian in terms of providing services to people. Exactly. Don't confuse managing assets with managing accounts. They are not the same and they don't h...
by tfb
Sat Jan 14, 2017 4:10 pm
Forum: Personal Consumer Issues
Topic: Recommendations for home paper shredder
Replies: 52
Views: 2052

Re: Recommendations for home paper shredder

I have one of these. http://www.staples.com/OMNITECH-14-SHEET-CROSS-CUT-SHREDDER/product_1051112 The cross cut produces confetti instead of strips. (Nobody will tape that back together . :D ) Note: Today (January 14) is the last day of the sale if you're interested. edit: Looking at the reviews I s...
by tfb
Sat Jan 14, 2017 4:03 pm
Forum: Investing - Theory, News & General
Topic: Is Vanguard not the best choice for I401k or Sep IRA
Replies: 13
Views: 586

Re: Is Vanguard not the best choice for I401k or Sep IRA

Not the best choice for individual 401k. SEP-IRA is OK.
by tfb
Sat Jan 14, 2017 4:01 pm
Forum: Investing - Theory, News & General
Topic: Great CD Promo! Andrews FCU 84 mo 3.01%
Replies: 151
Views: 17406

Re: Great CD Promo! Andrews FCU 84 mo 3.01%

I opened a CD on 2/19 and my first dividend was posted 3/31 (then 6/30, 9/30, and 12/31). Opened another on 7/21 and first dividend on 9/30. Opened the last on 9/2 and got first dividend on 9/30. Same experience. First interest was lower because it was less than a full quarter, but it was always pa...
by tfb
Sat Jan 14, 2017 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: post-65 contributions to HSA
Replies: 2
Views: 233

Re: post-65 contributions to HSA

The strange part.... On retiring, and enrolling in Medicare, Medicare considers us to be enrolled for 6-months prior to the date we enroll. I just don't see any reason for this, or any problem that they are trying to solve by doing this. That's the way the rules are. There's nothing you can do abou...
by tfb
Sat Jan 14, 2017 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: Why would startup deduct insurance premiums after tax?
Replies: 2
Views: 172

Re: Why would startup deduct insurance premiums after tax?

Because they didn't set up a section 125 plan or because their payroll is set up wrong. Pre-tax deduction for premiums requires a section 125 plan. Somebody has to proactively set one up. There is also a compliance cost. Maybe they didn't want the trouble or maybe the HR person didn't even know it w...
by tfb
Wed Jan 11, 2017 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: Denied Checking Account by Citibank
Replies: 15
Views: 1855

Re: Denied Checking Account by Citibank

I have read that sometimes a mistake in credit verification questions when opening the account leads Citibank to reject the account (it's possible I made a mistake in one question), and hence a letter saying the failure was because of Equifax verification. Equifax runs an id verification system (&q...
by tfb
Mon Jan 02, 2017 9:56 pm
Forum: Personal Consumer Issues
Topic: best way to buy TaxAct
Replies: 13
Views: 1385

Re: best way to buy TaxAct

At this point I see that if I want to buy the TaxAct plus download version, I can get it for $40 from its website? Is there any way to a better deal? A better deal is to buy different software. I paid $9.95 + tax when I bought H&R Block Deluxe with state, download version, from H&R Block di...
by tfb
Mon Jan 02, 2017 9:51 pm
Forum: Investing - Theory, News & General
Topic: A Funny Thing Happened at Vanguard on the way to our 2017 ROTH Contributions
Replies: 12
Views: 2695

Re: A Funny Thing Happened at Vanguard on the way to our 2017 ROTH Contributions

In late December 2016, we transferred via check from our credit union, a total of $13k to a joint Vanguard money market account. The purpose of this transfer was to have funds ready for exchange/purchase of $6500 in mutual funds in each of our ROTH IRA accounts on the first day of business (January...
by tfb
Mon Dec 19, 2016 1:57 am
Forum: Personal Finance (Not Investing)
Topic: H&R Block Tax Software for 2016
Replies: 70
Views: 6315

Re: 12/18/16 Deal - H&R Block 2016 @ Amazon

The other thread shows you can buy desktop versions directly from H&R Block:
- Deluxe without state $4.95
- Deluxe with state $9.95
- Premium with state $14.95

viewtopic.php?f=2&t=203987
by tfb
Mon Dec 19, 2016 1:52 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity free Turbotax
Replies: 123
Views: 16003

Re: Fidelity free Turbotax

There seems to be 3 Fidelity qualifying requirements that individually can be satisfied to trigger the TurboTax link: - being an active trader - having non-retirement balance of at least $1m (excludes IRA/401k) - $100k in personal investing (excludes business-related accounts) I don't understanding...
by tfb
Thu Dec 15, 2016 11:21 pm
Forum: Personal Finance (Not Investing)
Topic: Mega Backdoor Roth: Forced to take out capital gains during rollover
Replies: 12
Views: 1097

Re: Mega Backdoor Roth: Forced to take out capital gains during rollover

I requested an inservice distribution of the after-tax portion of my 401k to rollover into my Roth IRA. Of the $9,600 that is the after-tax portion, $200 is capital gains and I was told that portion cannot be rolled over, or left in the plan. I can either roll it over into a Traditional IRA, or tak...
by tfb
Sat Dec 10, 2016 3:57 pm
Forum: Personal Consumer Issues
Topic: What site do you prefer for online doc storage?
Replies: 18
Views: 1152

Re: What site do you prefer for online doc storage?

FidSafe, security first, storage second.
by tfb
Sat Dec 10, 2016 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: Combining backdoor Roth and rollover of 401k after-tax contributions
Replies: 27
Views: 2177

Re: Combining backdoor Roth and rollover of 401k after-tax contributions

you can siphon off the pre-tax money leaving only your basis…which can then be converted to Roth. You can also do it in the reverse order. Doing it in the "right" order is easier to understand and it's very more robust. You can do it in the same year or if there's a delay or some sort, th...
by tfb
Sat Dec 10, 2016 3:25 pm
Forum: Investing - Theory, News & General
Topic: Do you think Slice and Dice makes it harder to stay the course?
Replies: 40
Views: 2272

Re: Do you think Slice and Dice makes it harder to stay the course?

If slice and dice allocations are not maintained at consistent level for the long term, there is a real risk that the modifications will result in underperformance. Loss aversion and overconfidence are well documented behavioral biases. When you have all the slices exposed, it's very easy to tell w...
by tfb
Fri Dec 09, 2016 1:51 pm
Forum: Investing - Theory, News & General
Topic: Let me start with what I DO know (brokerage CD's)
Replies: 4
Views: 474

Re: Let me start with what I DO know (brokerage CD's)

What I don't completely understand is this: the "value" of these 3 CD's has been flat to up...UNTIL...the last 4 days. 4 days ago the value was $181,000...each day since...it has dropped by about $1000...like clock work. I know that bonds have been hit pretty hard in recent months (especi...
by tfb
Fri Dec 09, 2016 1:45 am
Forum: Investing - Help with Personal Investments
Topic: HSA - is keeping 40 years of medical records practical?
Replies: 127
Views: 8366

Re: HSA - is keeping 40 years of medical records practical?

Same here. Running spreadsheet (including provider addresses and mileage - an often overlooked qualified expense), and clearly cross-referenced .pdf files to each line item on the spreadsheet. If I can show date, provider name, type of expense, mileage (spreadsheet entries) plus provider invoice, i...
by tfb
Thu Dec 08, 2016 1:43 am
Forum: Investing - Help with Personal Investments
Topic: IRR Calculation Fully Leveraged
Replies: 2
Views: 188

Re: IRR Calculation Fully Leveraged

The investment does not care where the cash came from. You have a return from the investment. Then you have a cost of funds. The return is still the return. If it's higher than your cost of funds you win.
by tfb
Tue Dec 06, 2016 1:43 am
Forum: Personal Consumer Issues
Topic: "What-If" Test Copy with TurboTax Online
Replies: 1
Views: 439

Re: "What-If" Test Copy with TurboTax Online

It doesn't work. You are not creating a "copy" from the original when you use a test account. You are just re-starting from scratch with no guarantee you are giving the same answers as in the original. The test account is unpaid. You don't get to see the forms.
by tfb
Mon Nov 28, 2016 2:06 am
Forum: Personal Finance (Not Investing)
Topic: Why does the car dealer say leasing is cheaper than buying?
Replies: 72
Views: 7406

Re: Why does the car dealer say leasing is cheaper than buying?

Can someone explain to me why leasing would be cheaper. Is it because my trade-ins are usually low mileage and under 4 years old? In this case leasing could very well be cheaper than buying, depending on the specifics. Any difference between leasing and buying pales in comparison with trading in lo...
by tfb
Mon Nov 28, 2016 2:02 am
Forum: Personal Finance (Not Investing)
Topic: IRC 415(c) and IRC 402(g) rules
Replies: 6
Views: 700

Re: IRC 415(c) and IRC 402(g) rules

The 415(c) rules are employer rules. You don't have to worry about them. If your employer finds out they broke the rules on you, they will address it.
by tfb
Wed Nov 23, 2016 3:05 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard ROTH: Non-Vanguard fund - can't exchange - have to sell?
Replies: 5
Views: 584

Re: Vanguard ROTH: Non-Vanguard fund - can't exchange - have to sell?

Noobvestor wrote:I was going to swap those for Vanguard funds, but it tells me I can only exchange within the same fund family using their 'Fundaccess' system.

That's correct. "Exchange" in the mutual fund world means going from one fund to another within the same fund family.
by tfb
Wed Nov 23, 2016 2:57 am
Forum: Investing - Help with Personal Investments
Topic: Employer Plan is adding "Participant Record Keeping Fees" - any good way to push back?
Replies: 9
Views: 1310

Re: Employer Plan is adding "Participant Record Keeping Fees" - any good way to push back?

It's a good change. My employer made this change 3 years ago. Now I'm getting revenue sharing credits and a fee charge at about the same time. The provider pays the revenue sharing from investment options back to the plan. The plan allocates it to the participants. The provider then charges a flat f...
by tfb
Sun Nov 20, 2016 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: Paid Loss Ratios for Car Insurance
Replies: 7
Views: 625

Re: Paid Loss Ratios for Car Insurance

Amica auto dividend policies are not available in CA, FL, HI, MA, MO, NC, NJ and TX.


https://www.amica.com/en/products/dividend.html
by tfb
Sun Nov 20, 2016 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: Online Banking Recommendations
Replies: 18
Views: 1822

Re: Online Banking Recommendations

At this point I am leaning towards Alliant as I will be using either as my primary checking/savings account so the monthly deposit requirement won't be an issue for me. Go for it. I have been using Alliant for several years. No issues with website or mobile app. Having checking and savings together...
by tfb
Fri Nov 18, 2016 1:33 am
Forum: Investing - Theory, News & General
Topic: Great CD Promo! Andrews FCU 84 mo 3.01%
Replies: 151
Views: 17406

Re: Great CD Promo! Andrews FCU 84 mo 3.01%

This offer has existed for many months now. It's IRA only. I was able to purchase on line. No. This is a special "black friday" offer for non-retirement accounts. Supposedly good only from 11/7-11/30. Maybe change the title to make it clear it's a new offer available in non-IRAs as well?
by tfb
Thu Nov 17, 2016 11:11 am
Forum: Personal Finance (Not Investing)
Topic: HSA California: Has it been ruled on that deposits and capital gains are taxed immediately
Replies: 5
Views: 871

Re: HSA California: Has it been ruled on that deposits and capital gains are taxed immediately

Favorable tax treatment requires special provision in the law. By not doing anything special about HSA, California makes HSA fall back to a taxable account. It doesn't have to explicitly say this or that is taxable. Everything is taxable unless exempt somehow.
by tfb
Thu Nov 17, 2016 10:26 am
Forum: Investing - Theory, News & General
Topic: Great CD Promo! Andrews FCU 84 mo 3.01%
Replies: 151
Views: 17406

Re: Great CD Promo! Andrews FCU 84 mo 3.01%

The new offer does not appear to be limited to IRAs. The offer is not available online but you can do it by phone. APY (Annual Percentage Yield) will remain in effect for the term of the share certificate but may change each time the share certificate is renewed. Rates offered are subject to change ...
by tfb
Sat Nov 12, 2016 2:20 am
Forum: Personal Finance (Not Investing)
Topic: Turbo Tax 2016 purchase source
Replies: 84
Views: 10049

Re: Turbo Tax 2016 purchase source

Edited to add: OP (nonnie) reported that s/he was a a satisfied customer last year, but nonnie's earlier post about last year links to a site with a completely different name, which is no longer in operation. Sounds like the same pirate operator just registers a new domain every year and notifies t...
by tfb
Sat Nov 12, 2016 1:19 am
Forum: Personal Finance (Not Investing)
Topic: Turbo Tax 2016 purchase source
Replies: 84
Views: 10049

Re: Turbo Tax 2016 purchase source

nonnie wrote:and no this isn't MLM and I don't get a commisssion, just a satisfied customer :-).

Make sure it's an authorized reseller. You don't want to unknowingly buy pirated software or promote a pirate site.
by tfb
Fri Nov 11, 2016 2:39 am
Forum: Investing - Theory, News & General
Topic: Roth IRA Custodian Change - Withdraw Contributions
Replies: 5
Views: 316

Re: Roth IRA Custodian Change - Withdraw Contributions

rrppve wrote:For those of us who haven't tracked our Roth basis, what's the issue. Is there any real consequence to not knowing the basis numbers if the withdrawals are at least 5 years after any conversion and you're over 59.5?

No issue. Track only when there's a possibility you will withdraw before 59-1/2.
by tfb
Fri Nov 11, 2016 2:36 am
Forum: Personal Finance (Not Investing)
Topic: Yet another ESPP post
Replies: 5
Views: 577

Re: Yet another ESPP post

Pretty standard but it also has something called "automatic reset feature." If the closing price at the end of 6 month offering period is lower than the enrollment price (beginning of the offering period), the plan automatically reenrolls me into a 24 month offering period to ensure that ...
by tfb
Fri Nov 11, 2016 2:24 am
Forum: Investing - Help with Personal Investments
Topic: S&P500 Mirrors ACWI
Replies: 7
Views: 665

Re: S&P500 Mirrors ACWI

I've subsequently looked at both ACWI and ACWX against the S&P500 and uploaded two charts to the following location: https://photos.google.com/share/AF1QipNu5sGl2-JLtHa6BkKEBMHvhJi2otB2s1xMrvSO-J6eZvcp40R5QfxTtUAKIISmDg?key=ZmM2MjR1UGY3bnREMzFRWktqcUYwX09MN1FEd3h3 ACWI does mirror very closely ...
by tfb
Fri Nov 11, 2016 2:21 am
Forum: Investing - Help with Personal Investments
Topic: After Tax 401k Contributions
Replies: 30
Views: 2564

Re: After Tax 401k Contributions

blackbird123 wrote:Is this true? If so, why would anyone use a taxable account below 53,000 in yearly savings?

It is true. Because they don't know, just like you didn't before you heard about this.
by tfb
Fri Nov 11, 2016 2:19 am
Forum: Investing - Help with Personal Investments
Topic: Submitted Form 8606 for Non-deductible IRA and IRS asks for 1040x
Replies: 24
Views: 1554

Re: Submitted Form 8606 for Non-deductible IRA and IRS asks for 1040x

Here's what IRS says in the letter (They sent me 3 separate letters for each tax year 2013, 2014 and 2015) "Dear Taxpayer: Thank you for the inquiry of <Date> We received your Form 8606. Please provide the following: A completed copy of Form 1040X, Amended US Individual Income Tax Return, page...
by tfb
Sat Nov 05, 2016 5:04 pm
Forum: Personal Finance (Not Investing)
Topic: Mandatory Debit Card use, with fee added
Replies: 16
Views: 2185

Re: Mandatory Debit Card use, with fee added

Thanks very much for the prompt replies. I just don't encounter much Arco in my home area. Yes, I could have paid cash, but I was in a hurry. And I had never had a gas pump refuse a revolving credit card before. My original thought was that it might be a violation of their contract with Visa and MC...
by tfb
Sat Nov 05, 2016 4:59 pm
Forum: Investing - Help with Personal Investments
Topic: How to handle Employer's healthcare (HSA) dollars?
Replies: 10
Views: 1531

Re: How to handle Employer's healthcare (HSA) dollars?

thekcsmos wrote:Wow. The topics this forum educates me on are amazing. I wasn't even thinking about the SS taxes. I will probably be below that threshold. I live in Kansas for what it's worth. Thanks for the input so far.

Premiums are also before SS taxes. It's still a wash.
by tfb
Thu Nov 03, 2016 12:08 am
Forum: Personal Finance (Not Investing)
Topic: HSA eligibility for employed adult child
Replies: 2
Views: 334

Re: HSA eligibility for employed adult child

Am I understanding this correctly that we need to withdraw the contributions and earnings, including the employer contributions (which we will get to keep, but will be taxed as income), prior to April of 2017, and there will not be a penalty? That's correct. If you are in an HDHP (whether under his...
by tfb
Wed Nov 02, 2016 12:41 am
Forum: Investing - Theory, News & General
Topic: The Roth Index Universal Life Policy
Replies: 12
Views: 1173

Re: The Roth Index Universal Life Policy

My favorite part is the chart. Don't miss the chart. Where the "actual investment," whatever that is, starts down the same 20% as the IUL policy which apparently took 6 years to break even. Is it even legal to write stuff like this? Actually the investment growth goes by the right vertica...
by tfb
Tue Oct 25, 2016 12:06 am
Forum: Personal Finance (Not Investing)
Topic: [TurboTax 2016--Schd D not included in online version (desktop only)]
Replies: 24
Views: 1828

Re: TurboTax 2016--Schd D repeat

After probably 20 years with TurboTax I used TaxAct last year. Removing the schedule was not an oversight on the part of Intuit. It was a sneaky way to increase prices. UNBELIEVEABLE--TALKED TO THE SAME CSR--AND IN FACT 2016 WILL BE THE SAME AS 2015 FOR THE DESKTOP VERSION. HE HAD NO IDEA ! Correct...
by tfb
Sat Oct 08, 2016 1:09 am
Forum: Personal Finance (Not Investing)
Topic: HSA/HRA Can my wife use HRA for medical expenses?
Replies: 5
Views: 618

Re: HSA/HRA Can my wife use HRA for medical expenses?

My human resources person told me that they think that because my wife's HRA can be used for my expenses (we didn't know this-we thought "her" HRA was only available for her on her own plan), that I am “technically” covered under another plan that is not a High Deductible Health Plan. The...
by tfb
Sun Oct 02, 2016 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: Need advice on HSA - invested after-tax money by mistake
Replies: 3
Views: 358

Re: Need advice on HSA - invested after-tax money by mistake

The new employer also offers a high deductible insurance plan, but doesn't offer an HSA as far as I know (need to investigate this further). You should find out whether the new employer's high deductible insurance plan is HSA-eligible. Your new employer not offering an HSA could be a clue its plan ...

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