Search found 7320 matches

by tfb
Mon Aug 22, 2016 10:22 pm
Forum: Investing - Theory, News & General
Topic: This is why a 100% stock allocation is a bad idea
Replies: 64
Views: 7074

Re: This is why a 100% stock allocation is a bad idea

I have written NUMEROUS times, but here is a prerequisite criteria folks need to be able to check of before even considering 100% equities: 1. Recession proof job 2. Long time horizon for the money (10+ years) 3. No need for liquidity before that 4. At least 1 yr. EF 5. Ability to stay the course A...
by tfb
Mon Aug 22, 2016 5:48 pm
Forum: Investing - Help with Personal Investments
Topic: do i need 3(38) or 3(21) to be fiduciary to open up 401k?
Replies: 10
Views: 259

Re: do i need 3(38) or 3(21) to be fiduciary to open up 401k?

boglechu wrote:Am I required by law to have one?

No, you can serve that role yourself, but you may want to offload it to a 3rd party for liability reasons. 0.5%-0.75% is a lot. Try to get it for less.
by tfb
Mon Aug 22, 2016 5:45 pm
Forum: Investing - Help with Personal Investments
Topic: Second Job: Supercharging a SEP-IRA vs Solo 401k? Establish LLC needed?
Replies: 11
Views: 774

Re: Second Job: Supercharging a SEP-IRA vs Solo 401k? Establish LLC needed?

I ran the numbers a second time on your spreadsheet with saying 'yes' to Line 21 "Is the Salary deferral above made to a 403b?" and it says I can contribute 7.4k as non-roth after tax. This is the same amount as saying 'no' to Line 21. Is this correct? That's correct. 403b vs 401k doesn't...
by tfb
Sun Aug 21, 2016 9:07 pm
Forum: Investing - Help with Personal Investments
Topic: Second Job: Supercharging a SEP-IRA vs Solo 401k? Establish LLC needed?
Replies: 11
Views: 774

Re: Second Job: Supercharging a SEP-IRA vs Solo 401k? Establish LLC needed?

When using TFB's calculator titled "Solo 401k Maximum Contributions", the amount I am able to contribute as non-roth after tax changes whether I use a salary deferral to a 403b plan from Job #1. For example, if I make 10k in Job #2 and do not use salary deferral to a 403b plan in Job #1 t...
by tfb
Sat Aug 20, 2016 6:04 pm
Forum: Personal Finance (Not Investing)
Topic: How common is ACH fraud on checking accounts?
Replies: 11
Views: 1483

Re: How common is ACH fraud on checking accounts?

Since my account number and routing number is on every check I've written, and since no PIN is need for electronic (ACH) transactions, how common is unauthorized transactions on a checking account? Not very common. You have 60 days from the statement close date to dispute unauthorized transactions....
by tfb
Sat Aug 20, 2016 3:18 pm
Forum: Investing - Help with Personal Investments
Topic: 401(k) w/Match + Small Biz SEP IRA = ?
Replies: 5
Views: 285

Re: 401(k) w/Match + Small Biz SEP IRA = ?

Noobvestor wrote:Question: how do I calculate the total I can put away?

Treat them independently. Contribute the maximum allowed in the 401k. Do your SEP as usual.
by tfb
Sat Aug 20, 2016 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: Is Stock Market embarassing Wall street?
Replies: 3
Views: 1161

Re: Is Stock Market embarassing Wall street?

Look at the column label. YTD return. It's supposed to mean something? If next year the orders reverse are we supposed to conclude something else?
by tfb
Sat Aug 20, 2016 1:13 pm
Forum: Investing - Theory, News & General
Topic: This is why a 100% stock allocation is a bad idea
Replies: 64
Views: 7074

Re: This is why a 100% stock allocation is a bad idea

At the time my 401k was about $250k, so just 20% bonds would have allowed me to withdraw from an asset with a much less severe drop. After you borrow that $50k, you would be 100% in stocks. That all of sudden becomes OK, not a bad idea any more? No, but it would have prevented me from taking out $5...
by tfb
Sat Aug 20, 2016 11:11 am
Forum: Investing - Theory, News & General
Topic: This is why a 100% stock allocation is a bad idea
Replies: 64
Views: 7074

Re: This is why a 100% stock allocation is a bad idea

CajunDan wrote:At the time my 401k was about $250k, so just 20% bonds would have allowed me to withdraw from an asset with a much less severe drop.

After you borrow that $50k, you would be 100% in stocks. That all of sudden becomes OK, not a bad idea any more?
by tfb
Fri Aug 19, 2016 11:29 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement contribution limit [401a / 403b / 457b combined]
Replies: 3
Views: 405

Re: Retirement contribution limit [401a / 403b / 457b combined]

401a: Completely employer funded. Would be ~30k per year. 403b: Funded entirely by me: ideally 18k 457b: Funded entirely by me: ideally 18k This adds to >53k and I'm wondering if that's possible/legal. Yes it's legal. 457b doesn't count in the $53k. 403b counts as yours, not in your employer's $53k.
by tfb
Thu Aug 18, 2016 10:04 pm
Forum: Forum Issues and Administration
Topic: Improving the Bogleheads forum
Replies: 86
Views: 5838

Re: Improving the Bogleheads forum

Obviously this forum has been a tremendous help to many, many people. That said, I was wondering how is might be improved. What would its users like to see more of/less of, changed or that's new. Of course, how can we as participants help in this process? Making improvements require time and resour...
by tfb
Thu Aug 18, 2016 12:47 am
Forum: Investing - Theory, News & General
Topic: Bonds in Taxable
Replies: 146
Views: 7926

Re: Bonds in Taxable

I don't like bonds in taxable at any yield. The reason being is that they will likely appreciate in value far enough that eventually it becomes a major realization of capital gains in order to exit the position while these bastards are pumping out returns monthly taxed at my highest marginal income...
by tfb
Wed Aug 17, 2016 1:31 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Personal Advisor Services
Replies: 36
Views: 4484

Re: Vanguard Personal Advisor Services

Granted, some people did not panic and stuck to their guns during 2008 and bravo to them, but there was widespread panic even on this forum. I was around here in 2008 and recall no widespread panic at all. On the contrary, it was pretty calm. I remember the panic. A "Plan B" theory came t...
by tfb
Tue Aug 16, 2016 9:52 pm
Forum: Personal Finance (Not Investing)
Topic: Another Basic Health Savings Account Question
Replies: 27
Views: 1870

Re: Another Basic Health Savings Account Question

With all of the youtube videos I've watched+ the HSA Dummies book, I believe my HDHP w/HSA attached is not like your homeowners insurance example. You don't loose it. The premium paid is not gone but stored into an account. You gave four numbers in this thread: $20, $338, $208, $290.51. Only you kn...
by tfb
Tue Aug 16, 2016 9:44 pm
Forum: Investing - Help with Personal Investments
Topic: Dividends on FSTVX
Replies: 3
Views: 457

Re: Dividends on FSTVX

Looking here https://fundresearch.fidelity.com/mutual-funds/fees-and-prices/315911800 I can see recent dividend payouts for this mutual fund. But nowhere do I see a flat out "Dividend Yield: x%". Is that information available anywhere? You can calculate it by taking the sum of dividends p...
by tfb
Tue Aug 16, 2016 6:25 pm
Forum: Personal Finance (Not Investing)
Topic: Another Basic Health Savings Account Question
Replies: 27
Views: 1870

Re: Another Basic Health Savings Account Question

So Kaiser keeps the monthly premium money my employer gives them, then I can transfer that money to my own bank account right? Once a year, at the end of the year, I'll tranfer that $$ from Kaiser to my Custodian. That's how I understand it Unless you are misusing the term "premium" there...
by tfb
Tue Aug 16, 2016 12:22 am
Forum: Investing - Help with Personal Investments
Topic: Finally, got help with Portfolio, and don't worry much about it anymore
Replies: 11
Views: 1432

Re: Finally, got help with Portfolio, and don't worry much about it anymore

I visited a fee-only local advisor. I have spoken with him over the years and he has helped me briefly over the phone without any fees. For 1 hour, I paid him $200.00. I may see him possibly two times a year. He developed my plan for me, after knowing what I currently had, and that I was interested...
by tfb
Tue Aug 16, 2016 12:14 am
Forum: Investing - Theory, News & General
Topic: Fidelity In Service Withdrawl / In Service Distribution
Replies: 10
Views: 786

Re: Fidelity In Service Withdrawl / In Service Distribution

Was curious how many of you have taken part in an in-service withdrawl or distribution? Our employer 401k is thru Fidelity, with Mesirow Financial as the advisor or manager. From what I understand, if you are over the age of 59-1/2, and your plan allows, you can rollover funds from your Fidelity 40...
by tfb
Tue Aug 16, 2016 12:06 am
Forum: Personal Finance (Not Investing)
Topic: Another Basic Health Savings Account Question
Replies: 27
Views: 1870

Re: Another Basic Health Savings Account Question

Basically if my employer isn't going to contribute any money, then I would eventually get the money in my hands via Kaiser Permanente? I signed up with them via a HDHP. So I can transfer the Kaiser Premium money my emplpyer pays for my HDHP from Kaiser's Custidian to my own bank account? Not sure w...
by tfb
Sat Aug 13, 2016 10:22 pm
Forum: Investing - Theory, News & General
Topic: Bonds in Taxable
Replies: 146
Views: 7926

Re: Bonds in Taxable

The tax-deferred vs tax-free account is a non-issue. A tax-deferred account is (almost) simply a tax-free account plus an account you're investing on the government's behalf. The reason for the almost is RMDs. So a very valid simplification is to compare a taxable account to a tax-free account when...
by tfb
Tue Aug 09, 2016 12:01 pm
Forum: Investing - Theory, News & General
Topic: Vanguard - why don't I 'feel' good about them?
Replies: 36
Views: 3434

Re: Vanguard - why don't I 'feel' good about them?

I know everyone says their company is founded on better principles but does this actually actually make things cheaper and a better experience for me? Years ago, I thought of switching to a credit union. They are founded for their members. But guys, seriously, I stayed with my 'evil big bank' becau...
by tfb
Tue Aug 09, 2016 11:51 am
Forum: Investing - Help with Personal Investments
Topic: Anything wrong with having say 50% of my bond allocation in muni bonds?
Replies: 41
Views: 3785

Re: Anything wrong with having say 50% of my bond allocation in muni bonds?

It doesn't matter how low rates go, people on this board will still scream, "OMG! You have bonds in taxable?! You're going to pay off the national debt by yourself because of the extra taxes you'll pay!" I asked the question whether it's still worth sheltering if the yield on the bond fun...
by tfb
Sun Aug 07, 2016 4:51 pm
Forum: Investing - Help with Personal Investments
Topic: Anything wrong with having say 50% of my bond allocation in muni bonds?
Replies: 41
Views: 3785

Re: Anything wrong with having say 50% of my bond allocation in muni bonds?

I gather that means that you have noticed the WCI blog only compares taxable to Roth. :D A traditional account is either as good as or better than a Roth. If it isn't, you wouldn't have contributed to it to begin with (contribute to Roth instead), or you should convert all existing traditional acco...
by tfb
Sun Aug 07, 2016 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: Managing a Solo Roth 401K holding private business
Replies: 7
Views: 409

Re: Managing a Solo Roth 401K holding private business

Ideally, I would be able to have the simplicity of managing a 401K with a company like Vangaurd/Fidelity while also having the ability to self direct my private business equity into the 401K They don't offer that feature. You will have to go the self-directed route and pay someone. Not worth it in ...
by tfb
Sun Jul 31, 2016 10:17 am
Forum: Personal Consumer Issues
Topic: berkey travel water purifier
Replies: 3
Views: 269

Re: berkey travel water purifier

What's the intended use? It looks bulky and heavy for backpacking. When we are outdoors we just use a hand-pump type water filter. A UV light type Steripen also works.
by tfb
Sun Jul 31, 2016 10:08 am
Forum: Personal Finance (Not Investing)
Topic: Roth 401k for high earners
Replies: 21
Views: 2262

Re: Roth 401k for high earners

When you make $1 million a year and you expect it to continue indefinitely, what you do with $18k is immaterial. Either way works. Doing traditional hedges the possibility that the expected income doesn't continue.
by tfb
Sun Jul 31, 2016 9:57 am
Forum: Personal Finance (Not Investing)
Topic: Early retirees, how much did you leave on the table?
Replies: 202
Views: 14752

Re: Early retirees, how much did you leave on the table?

You are beginning to make me question my communication skills. You asked the wrong question. When you ask about early retirees pulling the plug, you get replies from people who retired in late 50s telling you money wasn't a consideration. Whether they realize it or not, they did exactly what you ar...
by tfb
Sat Jul 30, 2016 2:11 pm
Forum: Personal Finance (Not Investing)
Topic: has anyone wished they worked one or two more years
Replies: 76
Views: 6542

Re: has anyone wished they worked one or two more years

All of my former coworkers I run into actually seem to say the opposite, they wished they retired sooner. There are stated preferences -- what people say -- and revealed preferences -- what people actually do. They are not the same. Just saying they wished they retired sooner doesn't take away the ...
by tfb
Fri Jul 29, 2016 10:23 pm
Forum: Personal Consumer Issues
Topic: 15 year 2.75% refinance mortgage
Replies: 26
Views: 2415

Re: 15 year 2.75% refinance mortgage

henry001 wrote:I spoke with a few lenders today that can offer 2.75% with no closing costs. One lender even offered to provide $225 closing credit.

Or you can pay the closing cost and get 2.625%. See how much interest you save with 1/8th and what the difference is in cost.
by tfb
Fri Jul 29, 2016 10:17 pm
Forum: Investing - Theory, News & General
Topic: Help me learn to love my taxable account
Replies: 27
Views: 3390

Re: Help me learn to love my taxable account

tpn wrote:Where’s the love?

There is no love. If I can put all my money in a tax advantaged account I won't use a taxable account.
by tfb
Fri Jul 29, 2016 10:14 pm
Forum: Personal Finance (Not Investing)
Topic: Doctor takes HMO but not PPO insurance?
Replies: 58
Views: 3021

Re: Doctor takes HMO but not PPO insurance?

We just found out my wife is pregnant and she called the office of the OBGYN we want but was told they are only taking HMO health insurance and not PPO. I thought that PPO was more widely accepted and that the doctors who accept HMO are a subset of those who accept PPO. Is there any way to work thi...
by tfb
Thu Jul 28, 2016 3:40 pm
Forum: Investing - Theory, News & General
Topic: Anyone ever "churn" investment/retirement accounts for deposit bonuses?
Replies: 11
Views: 1036

Re: Anyone ever "churn" investment/retirement accounts for deposit bonuses?

In any event, the bottom line is that I am at a stage where I will be consolidating/liquidating/reallocating various accounts such that I am at a rare crossroads where moving significant assets across accounts will not be as problematic (for tax, cost reasons etc.) as typical, and indeed, is someth...
by tfb
Thu Jul 28, 2016 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: IRS questioning my backdoor roth?
Replies: 46
Views: 5664

Re: IRS questioning my backdoor roth?

travellight wrote:It still says this:
Because you made an excess contribution of $6,500 to your Roth IRA, you will owe a 6% penalty ($390) each year that excess money remains in the IRA.

Answer 'no' under 'Did You Change Your Mind?'
by tfb
Tue Jul 26, 2016 9:23 pm
Forum: Personal Finance (Not Investing)
Topic: Question on Traditional IRA to Solo 401k process
Replies: 2
Views: 180

Re: Question on Traditional IRA to Solo 401k process

You can have Vanguard issue the check payable to FMTC, trustee for your plan FBO your name and mail the check to you. Then you attach your letter. Or you can transfer the IRA as IRA to Fidelity and then write a letter as participant saying please transfer all assets in your Fidelity IRA to your solo...
by tfb
Sun Jul 24, 2016 6:11 pm
Forum: Investing - Theory, News & General
Topic: Help Me Understand: Why Shouldn't AA Be 100% Stocks During Accumulation Phase?
Replies: 178
Views: 9614

Re: Help Me Understand: Why Shouldn't AA Be 100% Stocks During Accumulation Phase?

So why have any bonds AT ALL during the accumulation phase since one does not need AT THAT TIME the safety Bonds provide? Couldn't one switch some assets from 100% stocks to some of it in Bonds at (or close to) retirement age? BHs: what am I missing? You are not missing anything. Vanguard has it at...
by tfb
Thu Jul 21, 2016 10:08 pm
Forum: Investing - Help with Personal Investments
Topic: VG vs. Fido - The Grass Is Not Always Greener (or Is It?)
Replies: 69
Views: 7183

Re: VG vs. Fido - The Grass Is Not Always Greener (or Is It?)

Is Fidelity a better place to have brokerage accounts or is Vanguard? Fidelity. Too many people confuse letting someone manage investments with letting someone manage accounts. The two tasks require completely different skills and competency. Investing in Vanguard ETFs in a Fidelity account gives y...
by tfb
Thu Jul 21, 2016 10:01 pm
Forum: Investing - Help with Personal Investments
Topic: Equivalent to PCL account at Vanguard?
Replies: 3
Views: 366

Re: Equivalent to PCL account at Vanguard?

I moved my retirement accounts to Vanguard and would like to do the same with the taxable account. However, the Vanguard rep says they don't offer a PCL. I'm hesitant to lose this ability. My local bank offered me a PCL at Prime if I move those funds to their in-house brokerage. Or, they offered me...
by tfb
Sat Jul 16, 2016 10:11 am
Forum: Investing - Help with Personal Investments
Topic: Pre-Tax and Post-Tax definition for Megaback door
Replies: 8
Views: 685

Re: Pre-Tax and Post-Tax definition for Megaback door

Which of the following is true then? A. When they are referring to pre-tax are they referring to Pre-Tax 401K ($100K) plus the after-tax earnings ($1k). B. When they are refering to pre-tax are they referring to only $1K in earnings from the after-tax 401K? Looking at this, seems like the pro-rata ...
by tfb
Tue Jul 12, 2016 7:17 am
Forum: Investing - Help with Personal Investments
Topic: New SOLO 401K assistance
Replies: 19
Views: 1166

Re: New SOLO 401K assistance

I just want to make sure that you understand that for those fees you are only receiving document services with support . You are acting as the administrator, trustee, and fiduciary. All services provided by other providers. Worth emphasizing. The $125 a year does not include administration. If you ...
by tfb
Tue Jul 12, 2016 7:13 am
Forum: Personal Finance (Not Investing)
Topic: Can you add traditional after-tax 401k to solo 401k?
Replies: 1
Views: 190

Re: Can you add traditional after-tax 401k to solo 401k?

My question is - does anyone know if a solo 401k can offer the same plan features? Currently a solo 401k owner can contribute 20% of employer contribution and to meet IRS maximum of $53,000 the net business profit must be $184,822. If the above feature is allowed in a solo 401k, then one can contri...
by tfb
Sun Jun 12, 2016 11:00 pm
Forum: Personal Finance (Not Investing)
Topic: hypothetical cash in refi to go to 15 year worth it?
Replies: 32
Views: 2021

Re: hypothetical cash in refi to go to 15 year worth it?

I also can't follow tfb's computation above... how did he arrive at a 14% rate of return over 1 year? You have a $500,000 home with $50k down and a 30 year mortgage at 4% for the balance. which means you owe $450k now. If you do nothing, your interest for the next year is roughly $450k * 4% = $18,0...
by tfb
Sun Jun 12, 2016 12:39 am
Forum: Personal Finance (Not Investing)
Topic: hypothetical cash in refi to go to 15 year worth it?
Replies: 32
Views: 2021

Re: hypothetical cash in refi to go to 15 year worth it?

Imagine you own a $500,000 home with $50k down and a 30 year mortgage at 4% for the balance. Then rates decline and now you can afford a 15 year payment, but only if you have 20% equity, so you need to bring another $50k to the table. How do you calculate whether this is worth doing? The $50k will ...
by tfb
Sun Jun 12, 2016 12:33 am
Forum: Personal Finance (Not Investing)
Topic: Amex preferred cash card
Replies: 22
Views: 2217

Re: Amex preferred cash card

Loik098 wrote:That's not what this website says (scroll halfway down)

ETF assets count, not just cash.
by tfb
Sat Jun 11, 2016 11:03 pm
Forum: Personal Finance (Not Investing)
Topic: Amex preferred cash card
Replies: 22
Views: 2217

Re: Amex preferred cash card

Clearly, if one can't spend $6k on groceries, this Amex card isn't for them. Your BoA card sounds intriguing, but please correct me if I'm wrong: to be in the 75% bonus tier for the BoA card you're discussing, does one not also have to be a preferred BoA customer with a minimum $20k bank balance at...
by tfb
Sat Jun 11, 2016 4:41 pm
Forum: Personal Finance (Not Investing)
Topic: Amex preferred cash card
Replies: 22
Views: 2217

Re: Amex preferred cash card

Clearly, if one can't spend $6k on groceries, this Amex card isn't for them. Your BoA card sounds intriguing, but please correct me if I'm wrong: to be in the 75% bonus tier for the BoA card you're discussing, does one not also have to be a preferred BoA customer with a minimum $20k bank balance at...
by tfb
Sat Jun 11, 2016 12:43 am
Forum: Personal Finance (Not Investing)
Topic: Use regular money instead of HSA?
Replies: 16
Views: 1567

Re: Use regular money instead of HSA?

I liked the "giant reimbursement many years later" idea in theory, but I've recently decided it is not worth the time and potential for issues down the road for me. Me too. I just reimburse once a year and close the books for that year. Not worth it to wring out the last drop. See my reas...
by tfb
Sat Jun 11, 2016 12:33 am
Forum: Personal Finance (Not Investing)
Topic: Amex preferred cash card
Replies: 22
Views: 2217

Re: Amex preferred cash card

"Much less compelling": does that mean there's a better card out there for grocery/gas? If so, I'd certainly like to hear about it. Not everyone spends $6,000 on grocery. The no-annual-fee Bank of America Cash Reward Card at the 75% bonus tier pays 3.5% on grocery store purchases and 5.25...
by tfb
Wed Jun 08, 2016 2:04 am
Forum: Investing - Theory, News & General
Topic: Ed Slott's Retirement Roadmap 2016 -- who's pledged?
Replies: 17
Views: 3946

Re: Ed Slott's Retirement Roadmap 2016 -- who's pledged?

He was interviewed on the Lange Money Hour radio show about this. Among other things he suggested 1-month wait for backdoor Roth. You can read the transcript, download mp3, or listen online.

http://paytaxeslater.com/radioshow-166- ... -guide.php
by tfb
Tue Jun 07, 2016 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: Mango prepaid card - 4.8% (effective) APY
Replies: 543
Views: 286730

Re: Mango prepaid card - 4.8% (effective) APY

Some people on fatwallet got ACH reversed with an account closed status and charged a fee by the CU for the reversed ACH. Yes, I read those posts also. Those seemed to be DD related for some reason? I ACH push/pull with Chase and have been fine so far. Some were ACH pulls from a credit union, which...
by tfb
Mon Jun 06, 2016 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: Mango prepaid card - 4.8% (effective) APY
Replies: 543
Views: 286730

Re: Mango prepaid card - 4.8% (effective) APY

^ sounds like only one account each? I've begun ACH pulling ($2500 per day limit I believe) to empty out 2 accounts and get back down to 1. Knowing these accounts, it wouldn't surprise me if suddenly next month, this issue is reversed. :oops: Good while it lasted! Pretty sure you can ACH pull all 5...

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