Search found 137 matches

by SJR
Sat Oct 13, 2018 10:22 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1270
Views: 216644

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

An interesting personal experience that I had: I signed up with a specific offer which included up to $150 in transfer fee credits per account. TDA credited that together with the bonus on the day the assets hit. No proof was required. Thus far the sending brokerage hasn't charged a fee (but at mos...
by SJR
Sat Oct 13, 2018 10:15 pm
Forum: Investing - Help with Personal Investments
Topic: ACTWX- Keep or Sell?
Replies: 1
Views: 134

ACTWX- Keep or Sell?

Hey All, I currently hold ACTWX (Columbia Acorn Select Fund Institutional Class) with about a .90 ER. If I sold it now I would have mostly long-term losses (total loss is about $2k including both short and long-term). Any reason not to liquidate and roll it all over into VTSAX? I'm ready to pull the...
by SJR
Thu Aug 23, 2018 9:51 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1270
Views: 216644

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

An interesting personal experience that I had: I signed up with a specific offer which included up to $150 in transfer fee credits per account. TDA credited that together with the bonus on the day the assets hit. No proof was required. Thus far the sending brokerage hasn't charged a fee (but at most...
by SJR
Sun Jul 29, 2018 8:11 am
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1270
Views: 216644

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

I removed an off-topic post. e-trade referrals constitute solicitation and are not permitted. See: No Solicitation Please do not solicit business or website traffic on this forum. Forum officers will determine what constitutes solicitation on a case by case basis, but we offer the following guideli...
by SJR
Tue Jul 17, 2018 10:14 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1270
Views: 216644

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Is this it? Case study Broker trade executions Thank you but I don't see any reference to simplifying the purchase and sale of ETFs in this thread. This thread seems to be about testing and maximizing the purchase and sale of ETFs. Side note: I spoke with E-trade today and financial consultant in a...
by SJR
Mon Jul 16, 2018 4:02 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1270
Views: 216644

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Is this it? Case study Broker trade executions Thank you but I don't see any reference to simplifying the purchase and sale of ETFs in this thread. This thread seems to be about testing and maximizing the purchase and sale of ETFs. Side note: I spoke with E-trade today and financial consultant in a...
by SJR
Sun Jul 15, 2018 8:38 am
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1270
Views: 216644

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

I just use ETFs, then I don't have to worry about whether they will transfer. Remember that even if you get a custodian to take your Admiral shares, you won't usually be able to buy any new shares (other than reinvested dividends, probably). I don't care to buy new shares in this case. Also, don't ...
by SJR
Wed Jul 11, 2018 4:46 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1270
Views: 216644

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

I just use ETFs, then I don't have to worry about whether they will transfer. Remember that even if you get a custodian to take your Admiral shares, you won't usually be able to buy any new shares (other than reinvested dividends, probably). I don't care to buy new shares in this case. Also, don't ...
by SJR
Wed Jul 11, 2018 1:34 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1270
Views: 216644

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

I'm looking to sign up for a TD account with a bonus of course and the rep is telling me that they can't receive Admiral Shares. I know I've read to the contrary. Anyone have any idea how I can confirm either way before doing this?
by SJR
Tue Jun 26, 2018 6:55 pm
Forum: Personal Finance (Not Investing)
Topic: NY Insurance Costs on the Rise
Replies: 21
Views: 2108

Re: NY Insurance Costs on the Rise

I emailed the broker to ask. Perhaps it will be underwritten by one of their other companies ? It states Premier on the quote so thought it was that company. Update: He told me I'm crazy. Premier in my case is just a tier and that what he offered me is certainly ok for NY. So you're not buying from...
by SJR
Tue Jun 26, 2018 5:39 pm
Forum: Personal Finance (Not Investing)
Topic: NY Insurance Costs on the Rise
Replies: 21
Views: 2108

Re: NY Insurance Costs on the Rise

I checked it out and there are quite a few different companies with the name. I presume most if not all are owned by NatGen. Anyhow, the quote I received was from National General Premier which is one of the listed companies on the site. Their score was .47 when the median is 1.0. That's below the ...
by SJR
Tue Jun 26, 2018 7:35 am
Forum: Personal Finance (Not Investing)
Topic: NY Insurance Costs on the Rise
Replies: 21
Views: 2108

Re: NY Insurance Costs on the Rise

Update: Found a better price using an independent broker. For all you NYers, name of company is Natgen. National General has a reputation for poor service. The NAIC tracks the number of complaints received by state insurance commissioners. Here are the relative complaint ratios for private passenge...
by SJR
Fri Jun 01, 2018 7:30 am
Forum: Personal Finance (Not Investing)
Topic: NY Insurance Costs on the Rise
Replies: 21
Views: 2108

Re: NY Insurance Costs on the Rise

Update:
Found a better price using an independent broker.
For all you NYers, name of company is Natgen.
by SJR
Fri May 25, 2018 7:04 am
Forum: Personal Finance (Not Investing)
Topic: NY Insurance Costs on the Rise
Replies: 21
Views: 2108

Re: NY Insurance Costs on the Rise

So I just got off the phone with Geico regarding their 3rd or 4th straight increase on my 6-month renewals. Both reps I spoke to claimed they live in NY and have Geico too and the costs went up for everyone. Anyone else experiencing increases in their Auto and Umbrella policies? Allegedly it was a ...
by SJR
Thu May 24, 2018 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: NY Insurance Costs on the Rise
Replies: 21
Views: 2108

NY Insurance Costs on the Rise

So I just got off the phone with Geico regarding their 3rd or 4th straight increase on my 6-month renewals. Both reps I spoke to claimed they live in NY and have Geico too and the costs went up for everyone. Anyone else experiencing increases in their Auto and Umbrella policies? Allegedly it was a s...
by SJR
Thu May 24, 2018 4:02 pm
Forum: Investing - Theory, News & General
Topic: PSA: Vanguard Drops The Ball (Cost Basis Issue)
Replies: 24
Views: 4491

Re: PSA: Vanguard Drops The Ball (Cost Basis Issue)

I spoke with a fellow in their resolutions team yesterday, and what he told me is that whenever you convert Investor shares to Admiral shares, the system resets the cost basis to "average cost basis". He explained that you then have the option of requesting an "exception" for them to put it back to...
by SJR
Tue Mar 20, 2018 9:17 pm
Forum: Investing - Theory, News & General
Topic: PSA: Vanguard Drops The Ball (Cost Basis Issue)
Replies: 24
Views: 4491

Re: PSA: Vanguard Drops The Ball (Cost Basis Issue)

Let me start by saying that I really do appreciate Vanguard and everything that it stands for. In 2015 when I decided to leave my FA and start anew, Vanguard was where I chose to begin again. Unfortunately, I have had quite a few issues with them in the past 8 months. 1. I chose Spec ID a few years...
by SJR
Thu Mar 15, 2018 8:53 pm
Forum: Investing - Theory, News & General
Topic: PSA: Vanguard Drops The Ball (Cost Basis Issue)
Replies: 24
Views: 4491

PSA: Vanguard Drops The Ball (Cost Basis Issue)

Let me start by saying that I really do appreciate Vanguard and everything that it stands for. In 2015 when I decided to leave my FA and start anew, Vanguard was where I chose to begin again. Unfortunately, I have had quite a few issues with them in the past 8 months. 1. I chose Spec ID a few years ...
by SJR
Wed Feb 07, 2018 9:50 pm
Forum: Investing - Help with Personal Investments
Topic: A Not Paying Off the Mortgage Thread
Replies: 38
Views: 5843

Re: A Not Paying Off the Mortgage Thread

Don't pay off mortgage. Even without mortgage deduction, a sub 3% mortgage for a young person is a pretty good deal. Liquidity is good. You don't talk at all about your Retirement accounts. You are self employed. Are you maxing out a solo 401k or comparable plan? At your tax rate, you want to put e...
by SJR
Tue Feb 06, 2018 10:21 pm
Forum: Investing - Help with Personal Investments
Topic: A Not Paying Off the Mortgage Thread
Replies: 38
Views: 5843

Re: A Not Paying Off the Mortgage Thread

Congratulations on your business continuing to do well, your second child on the way and your overall thoughtful approach to your finances! Thank you :) I think it is simpler to think of your overall asset allocation rather than breaking up taxable vs retirement. I think of my emergency fund as sep...
by SJR
Tue Feb 06, 2018 9:57 pm
Forum: Investing - Help with Personal Investments
Topic: A Not Paying Off the Mortgage Thread
Replies: 38
Views: 5843

Re: A Not Paying Off the Mortgage Thread

I still don't have a good understanding of your situation. A couple of things. Do you have enough in your taxable accounts to pay off your mortgage without depleting your emergency fund? If so then could you live on just your spouse's income if you needed to? (or at least come close to that.) I hav...
by SJR
Sun Feb 04, 2018 5:14 pm
Forum: Investing - Help with Personal Investments
Topic: A Not Paying Off the Mortgage Thread
Replies: 38
Views: 5843

Re: A Not Paying Off the Mortgage Thread

As requested I am editing this post. Updated January 29 around 9:45PM EST. Portions in parentheses are not integral to assisting me here; I only chose not to remove them because they do offer some insight into my personal situation and because many have already utilized the information to respond t...
by SJR
Sun Feb 04, 2018 9:58 am
Forum: Investing - Help with Personal Investments
Topic: A Not Paying Off the Mortgage Thread
Replies: 38
Views: 5843

Re: A Not Paying Off the Mortgage Thread

You are in a high tax bracket with a conservative outlook on investing. I can see that you are matching the mortgage liability with CDs held in the taxable account. I think the problem is that the dividends on the CDs are taxed around 30%, so the dividends and the mortgage interests are unlikely to...
by SJR
Fri Feb 02, 2018 12:38 am
Forum: Investing - Help with Personal Investments
Topic: Bond Funds question
Replies: 7
Views: 825

Re: Bond Funds question

ripete wrote:
Thu Feb 01, 2018 7:48 pm
First National Bank of Long Island (it has 50 branches)
Beware of significant ewp for breaking them early.
3 year is 12 months. 5 year is 18.

Basically your committing to maturity.
by SJR
Thu Feb 01, 2018 12:28 am
Forum: Investing - Help with Personal Investments
Topic: A Not Paying Off the Mortgage Thread
Replies: 38
Views: 5843

Re: A Not Paying Off the Mortgage Thread

You are in a high tax bracket with a conservative outlook on investing. I can see that you are matching the mortgage liability with CDs held in the taxable account. I think the problem is that the dividends on the CDs are taxed around 30%, so the dividends and the mortgage interests are unlikely to...
by SJR
Thu Feb 01, 2018 12:03 am
Forum: Investing - Help with Personal Investments
Topic: Where to park short term (<12 months) S-corp savings
Replies: 6
Views: 681

Re: Where to park short term (<12 months) S-corp savings

Looking for advice on where our S corp can park short term savings to earn a little bit of income from cash accumulating, before liquidating out at the end of the year. Would anticipate an account to go from zero at beginning of the year up to potentially $1,000,000 by year end, with deposits month...
by SJR
Tue Jan 30, 2018 11:29 pm
Forum: Investing - Help with Personal Investments
Topic: A Not Paying Off the Mortgage Thread
Replies: 38
Views: 5843

Re: A Not Paying Off the Mortgage Thread

I just found this thread: viewtopic.php?t=238432

I think this is what I was trying to do with first having the mortgage covered in safer investments (or just a larger EF essentially) and then to start building up equity towards my desired allocation.

Interesting.
by SJR
Tue Jan 30, 2018 11:14 pm
Forum: Investing - Help with Personal Investments
Topic: A Not Paying Off the Mortgage Thread
Replies: 38
Views: 5843

Re: A Not Paying Off the Mortgage Thread

SJR, 1) What is your portfolio size in term of the number of years in current annual expense? 2) What is your portfolio size in term of the number of years of saving? KlangFool 1) I'd say about 8x- 9x. (includes all assets besides home equity) Approximately, half is stashed in retirement accounts o...
by SJR
Tue Jan 30, 2018 10:50 pm
Forum: Investing - Help with Personal Investments
Topic: A Not Paying Off the Mortgage Thread
Replies: 38
Views: 5843

Re: A Not Paying Off the Mortgage Thread

OP, 1) So, your plan is to pay off the mortgage and then take a more expensive student loan for your kid? Unless your plan is not to pay for your kid's college, so how does paying off this low-interest mortgage helps you? 2) How much is the rest of your asset/investment versus the house? That is th...
by SJR
Tue Jan 30, 2018 10:04 pm
Forum: Investing - Help with Personal Investments
Topic: A Not Paying Off the Mortgage Thread
Replies: 38
Views: 5843

Re: A Not Paying Off the Mortgage Thread

OP, 1) So, your plan is to pay off the mortgage and then take a more expensive student loan for your kid? Unless your plan is not to pay for your kid's college, so how does paying off this low-interest mortgage helps you? 2) How much is the rest of your asset/investment versus the house? That is th...
by SJR
Tue Jan 30, 2018 9:53 pm
Forum: Investing - Help with Personal Investments
Topic: A Not Paying Off the Mortgage Thread
Replies: 38
Views: 5843

Re: A Not Paying Off the Mortgage Thread

You have a year's expenses in your emergency fund. That's enough for that bucket. Take everything else and invest it according to your allocation. If you've nervous, start with a more conservative allocation like 70/30. Don't pay down the mortgage. Maintain liquidity instead. FWIW, I agree with per...
by SJR
Tue Jan 30, 2018 9:00 am
Forum: Investing - Help with Personal Investments
Topic: A Not Paying Off the Mortgage Thread
Replies: 38
Views: 5843

Re: A Not Paying Off the Mortgage Thread

You have a year's expenses in your emergency fund. That's enough for that bucket. Take everything else and invest it according to your allocation. If you've nervous, start with a more conservative allocation like 70/30. Don't pay down the mortgage. Maintain liquidity instead. Thanks for your reply....
by SJR
Mon Jan 29, 2018 11:34 pm
Forum: Investing - Help with Personal Investments
Topic: A Not Paying Off the Mortgage Thread
Replies: 38
Views: 5843

Re: A Not Paying Off the Mortgage Thread

OP, 1) So, your plan is to pay off the mortgage and then take a more expensive student loan for your kid? Unless your plan is not to pay for your kid's college, so how does paying off this low-interest mortgage helps you? 2) How much is the rest of your asset/investment versus the house? That is th...
by SJR
Mon Jan 29, 2018 11:01 pm
Forum: Investing - Help with Personal Investments
Topic: A Not Paying Off the Mortgage Thread
Replies: 38
Views: 5843

Re: A Not Paying Off the Mortgage Thread

I'm not really sure just what your question is so you might want to edit your post to clarify that. One thing that jumped out at me was that you are leasing your car. If you can't deduct it as a business expense then it is almost always better to buy one instead. It would be good to allocate the mo...
by SJR
Sun Jan 28, 2018 10:51 pm
Forum: Investing - Help with Personal Investments
Topic: A Not Paying Off the Mortgage Thread
Replies: 38
Views: 5843

A Not Paying Off the Mortgage Thread

As requested I am editing this post. Updated January 29 around 9:45PM EST. Portions in parentheses are not integral to assisting me here; I only chose not to remove them because they do offer some insight into my personal situation and because many have already utilized the information to respond to...
by SJR
Sun Jan 28, 2018 9:44 am
Forum: Investing - Theory, News & General
Topic: VNYTX issues ST and LT Capital Gain?
Replies: 3
Views: 494

Re: VNYTX issues ST and LT Capital Gain?

An intermediate bond fund can buy bonds with about twice the term of it's target maturity and hold them them to maturity. A long term bond fund can't do this since there are very few bonds with twice the target maturity. So a long term bond fund has has to sell some bonds as they become intermediat...
by SJR
Sat Jan 27, 2018 11:43 pm
Forum: Investing - Theory, News & General
Topic: VNYTX issues ST and LT Capital Gain?
Replies: 3
Views: 494

VNYTX issues ST and LT Capital Gain?

I just noticed that VNYTX (Vanguard New York Long-Term Tax-Exempt Fund Investor Shares) had both short and long-term capital gains right before the end of 2017. I also currently hold VWITX (Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares) and didn't notice anything for that fund. Anyone k...
by SJR
Tue Jan 09, 2018 8:30 am
Forum: Investing - Help with Personal Investments
Topic: Bonds in Taxable: State-Specific Muni Fund?
Replies: 10
Views: 1352

Re: Bonds in Taxable: State-Specific Muni Fund?

I personally couldn't make up my mind so decided to tilt in favor of state specific. Ny's fund also has a bit longer duration than the national intermediate fund. (It's officially a long term fund but isn't really long term) So I went with 60:40 with state specific being the larger amount. The state...
by SJR
Mon Dec 11, 2017 8:49 am
Forum: Investing - Help with Personal Investments
Topic: In-plan rollover of after-tax 401k contributions
Replies: 18
Views: 3052

Re: In-plan rollover of after-tax 401k contributions

Does your plan permit in-service distributions of pre-tax contributions? If it doesn’t, then what does your CPA think is going to be distributed? If your plan does permit in-service withdrawals of pre-tax contributions (which would be rare), does it also accept incoming rollovers (which is not so r...
by SJR
Sun Dec 10, 2017 9:01 pm
Forum: Investing - Help with Personal Investments
Topic: In-plan rollover of after-tax 401k contributions
Replies: 18
Views: 3052

Re: In-plan rollover of after-tax 401k contributions

The publication name of 'pensions & annuity income' had thrown me off as well. Some additional pages i would read is page 2, 15, 16. I'd have your tax person review it thoroughly, as i see they mention "I'd have to study that publication". While i'm not a tax accountant, it certainly says to me it ...
by SJR
Wed Dec 06, 2017 12:52 pm
Forum: Investing - Help with Personal Investments
Topic: In-plan rollover of after-tax 401k contributions
Replies: 18
Views: 3052

Re: In-plan rollover of after-tax 401k contributions

SJR, I went thru the same process with my tax guy. Page 17 in publication 575 is what got me comfortable https://www.irs.gov/pub/irs-pdf/p575.pdf Key Excerpt: Defined contribution plan. A defined contribution plan is a plan in which you have an individual account. Your benefits are based only on th...
by SJR
Wed Dec 06, 2017 9:45 am
Forum: Investing - Help with Personal Investments
Topic: In-plan rollover of after-tax 401k contributions
Replies: 18
Views: 3052

Re: In-plan rollover of after-tax 401k contributions

SJR, I went thru the same process with my tax guy. Page 17 in publication 575 is what got me comfortable https://www.irs.gov/pub/irs-pdf/p575.pdf Key Excerpt: Defined contribution plan. A defined contribution plan is a plan in which you have an individual account. Your benefits are based only on th...
by SJR
Tue Dec 05, 2017 8:49 pm
Forum: Investing - Help with Personal Investments
Topic: In-plan rollover of after-tax 401k contributions
Replies: 18
Views: 3052

Re: In-plan rollover of after-tax 401k contributions

Think of your 401k account having several sub-accounts: 1. Traditional 401k - with employee pre-tax contributions, and employer matching & discretionary contributions 2. Roth 401k - with post-tax contributions 3. After-Tax 401k: with post-tax contributions So, what you are doing is having this Afte...
by SJR
Sun Dec 03, 2017 12:07 pm
Forum: Investing - Help with Personal Investments
Topic: 401k in plan rollover vs. mega backdoor Roth
Replies: 15
Views: 1632

Re: 401k in plan rollover vs. mega backdoor Roth

Other than that, assuming you like your fund choices and the expenses of your plan are low, I don't think it matters much either way. That was my conclusion as well. I did come across this Vanguard document which does a good job comparing the options for anyone else who might be considering this de...
by SJR
Thu Nov 30, 2017 10:35 pm
Forum: Personal Finance (Not Investing)
Topic: Mega Backdoor Roth via Solo 401k
Replies: 10
Views: 1138

Re: Mega Backdoor Roth via Solo 401k

I can probably have my accountant handle the 1099 for me. Would just need to be on top of him/it like everything else he does. Who did you use online by the way? $2.90 mailed sounds very cheap. I use Tax1099.com . Perfect. So I could do it in the following year along with my 25% employer match afte...
by SJR
Thu Nov 30, 2017 10:18 pm
Forum: Personal Finance (Not Investing)
Topic: Mega Backdoor Roth via Solo 401k
Replies: 10
Views: 1138

Re: Mega Backdoor Roth via Solo 401k

I use discount solo 401k for my plan - they are well priced, were very responsive as we developed the plan and haven't been any trouble as we maintain it. I act as my own administrator, it isn't difficult or time consuming but you need to be comfortable taking on that responsibility for yourself. W...
by SJR
Thu Nov 30, 2017 9:58 pm
Forum: Personal Finance (Not Investing)
Topic: Mega Backdoor Roth via Solo 401k
Replies: 10
Views: 1138

Re: Mega Backdoor Roth via Solo 401k

I use discount solo 401k for my plan - they are well priced, were very responsive as we developed the plan and haven't been any trouble as we maintain it. I act as my own administrator, it isn't difficult or time consuming but you need to be comfortable taking on that responsibility for yourself. W...
by SJR
Thu Nov 30, 2017 9:11 pm
Forum: Personal Finance (Not Investing)
Topic: Mega Backdoor Roth via Solo 401k
Replies: 10
Views: 1138

Re: Mega Backdoor Roth via Solo 401k

I use discount solo 401k for my plan - they are well priced, were very responsive as we developed the plan and haven't been any trouble as we maintain it. I act as my own administrator, it isn't difficult or time consuming but you need to be comfortable taking on that responsibility for yourself. W...
by SJR
Thu Nov 30, 2017 5:11 pm
Forum: Personal Finance (Not Investing)
Topic: Mega Backdoor Roth via Solo 401k
Replies: 10
Views: 1138

Mega Backdoor Roth via Solo 401k

I was reading through another thread on the forum and it dawned on me that I would benefit from having a flexible Solo 401k that would allow for after-tax contributions and in-service non-hardship withdrawals. Another member of this forum recommended this company: https://discountsolo401k.com/ I was...
by SJR
Sun Aug 20, 2017 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: Chipping away at the mortgage
Replies: 48
Views: 10837

Re: Chipping away at the mortgage

I had a similar dilemma a year ago except that the extra money I had was in a savings account and not invested. I ended up refinancing from a 30 year 4.125 mortgage to a 15 year 2.875. i also reduced the principal balance substantially so that the monthly mortgage payment is actually less than it wa...