Search found 932 matches

by sco
Thu Apr 02, 2020 3:24 pm
Forum: Personal Consumer Issues
Topic: Online / Gun Dealer Recommendations
Replies: 73
Views: 6035

Re: Online / Gun Dealer Recommendations

Glock Blue Label is the program you are looking for, for a discount. Note you have to find a Blue Label dealer in your area, that is available right off their website. ALso note this means you will mostly wait for a blue label firearm to be available. Right now isn't the time to buy a firearm if you...
by sco
Mon Mar 16, 2020 11:02 pm
Forum: Personal Investments
Topic: If you could only choose “fun money” fund/etf
Replies: 7
Views: 591

Re: If you could only choose “fun money” fund/etf

If you could only choose “fun money” fund/etf or individual stock what would it be? I was contemplating opening an account with Robinhood or M1 just as somewhere to throw things like gifted money or small budgeted fun money from time to time. Just now, the whole world is going remote if possible. I...
by sco
Sun Mar 01, 2020 9:40 pm
Forum: Personal Consumer Issues
Topic: Home Pistol Safe (And What To Put In It)
Replies: 21
Views: 2261

Re: Home Pistol Safe

Trigger and cable locks that are provided (and required to be provided with handguns) are the cheapest piece of Chinese garbage that could be sourced. Half the trigger locks will allow you to still pull the trigger, and all the locks are no match for a paper clip or screwdriver.
by sco
Sun Feb 16, 2020 5:04 pm
Forum: Personal Finance (Not Investing)
Topic: How to make Fidelity 2% Cash Back Visa show up in wife's Fidelity account list?
Replies: 13
Views: 1192

Re: How to make Fidelity 2% Cash Back Visa show up in wife's Fidelity account list?

You just give them authority to view the account like any other brokerage account.
by sco
Tue Feb 11, 2020 10:53 pm
Forum: Personal Investments
Topic: Market timing + buying stock: cruise lines
Replies: 7
Views: 1004

Re: Market timing + buying stock: cruise lines

I believe he is referring to buying the stock purely for the on board discounts. Kind of like buying 1 share of BRK to get the Geico discount.

This may be worth it if you cruise a lot, regardless of the financials of the company.
by sco
Sun Feb 09, 2020 11:29 pm
Forum: Investing - Theory, News & General
Topic: Do any FAs charge a percent of earnings?
Replies: 6
Views: 787

Re: Do any FAs charge a percent of earnings?

Sounds better than a buddy of mine who just went under contract with a “wealth manager” who charges 0.4% of NET WORTH!! He owns a house worth about $900k outright, so he’s paying $3600 yearly just for the privilege of living in his own home! That is a good way for the wealth manager to get his hand...
by sco
Sun Feb 09, 2020 9:07 am
Forum: Investing - Theory, News & General
Topic: A Boglehead's Edward Jones Question
Replies: 46
Views: 4344

Re: A Boglehead's Edward Jones Question

Yes i would expect that they will let him keep this fund (although they will likely try to sell him something else after the funds are there).

Of course there will be a wrap fee 1-1.25%..

No one can afford this, if they are attempting to use the 4% withdraw guideline.
by sco
Thu Feb 06, 2020 9:14 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4647
Views: 897788

Re: What's Your Credit Card Rewards Strategy?

But if you want one card, why not the BoA Premium Rewards card, which gets you 2.625% back on everything and 3.5% back on travel and dining (assuming you have $100k to transfer to Merrill Lynch to enroll in Preferred Rewards--you can get $375 for the investment transfer too!). $500 sign up bonus. N...
by sco
Thu Feb 06, 2020 4:09 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4647
Views: 897788

Re: What's Your Credit Card Rewards Strategy?

Two card strategy: 1. Fidelity 2% Cash Back Visa. No fees. No limits. 2. Amazon Prime card. 5% back on amazon and whole foods. no fees and no limits. Name me a better combo? YOU CANT! Do you travel? Do you travel abroad? The Fidelity card has a foreign exchange fee. True, so you only get 1% back if...
by sco
Tue Jan 28, 2020 9:47 pm
Forum: Personal Consumer Issues
Topic: Benefits of buying things secondhand?
Replies: 93
Views: 7126

Re: Benefits of buying things secondhand?

North Texas Cajun wrote:
Fri Jan 24, 2020 10:54 pm
masterchief wrote:
Tue Jan 21, 2020 10:18 pm
Hi Bogleheads!

Any pros and cons of second hand items like, wrist watches, shoe etc

Many thanks
Andrei
My sister picked up a second hand husband. Seems to be working OK.
More of a long-term lease. :)
by sco
Tue Jan 28, 2020 7:52 pm
Forum: Investing - Theory, News & General
Topic: Disadvantages of post-tax 401k ?
Replies: 42
Views: 3494

Re: Disadvantages of post-tax 401k ?

You may consider taking enough income to get some tax credits, however you do that. Capital gains, or whatever.
by sco
Sat Jan 18, 2020 11:31 am
Forum: Investing - Theory, News & General
Topic: Who is not "Most Investors"?
Replies: 36
Views: 2858

Re: Who is not "Most Investors"?

You could make an argument for simplicity for some Poe please. One balanced fund for smaller $ amounts in tax advantaged space. No rebalancing and minimal funds lost to any increased expense ratio. Although inside of most of the funds what do you have? A 3 or 4 fund mix.
by sco
Mon Jan 13, 2020 4:13 pm
Forum: Personal Investments
Topic: Portfolio Review - too conservative?
Replies: 7
Views: 1242

Re: Portfolio Review - too conservative?

I wouldn't keep any cash or money markets in any tax advantage spaced. (Roth or traditional) At your age, it really isn't accessible anyway (maybe some of the Roth is), and you seem to have a more than adaquate handle on emergency expenses anyway. If 60/40 lets you sleep well at night and you don't ...
by sco
Sun Jan 12, 2020 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard solo401k is very limiting (complaint)
Replies: 10
Views: 719

Re: Vanguard solo401k is very limiting (complaint)

Why don't you just roll it to an IRA at Vanguard and then Roll it to the solo 401k before year end?

Fidelity is a reasonable option as well, although they don't have ALL the features of Etrade.
by sco
Wed Jan 08, 2020 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth at Fidelity question
Replies: 16
Views: 1648

Re: Backdoor Roth at Fidelity question

Still no joy for me.

1/1 transfer via ACH from 3rd party bank.

Still can't do a partial or full conversion, same error as previous.
by sco
Mon Jan 06, 2020 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth at Fidelity question
Replies: 16
Views: 1648

Re: Backdoor Roth at Fidelity question

Nevermind, actually looks like it will allow conversion if I select partial account balance. If I select entire account balance it shows message that there are no shares available to be converted. I always have this same issue with Fidelity. I choose partial conversion then convert the whole amount...
by sco
Mon Jan 06, 2020 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth at Fidelity question
Replies: 16
Views: 1648

Re: Backdoor Roth at Fidelity question

Nevermind, actually looks like it will allow conversion if I select partial account balance. If I select entire account balance it shows message that there are no shares available to be converted. I always have this same issue with Fidelity. I choose partial conversion then convert the whole amount...
by sco
Sun Jan 05, 2020 11:19 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth at Fidelity question
Replies: 16
Views: 1648

Re: Backdoor Roth at Fidelity question

I’m also waiting and expecting tomorrow to be the day. 3 business days. Perhaps it will be 4 or 5
by sco
Wed Jan 01, 2020 7:50 pm
Forum: Personal Investments
Topic: Traditional IRA Rollover into 401k (or) Roth Conversion?
Replies: 8
Views: 466

Re: Traditional IRA Rollover into 401k (or) Roth Conversion?

Why would you not do the Roth conversion of the non deductible portion until the IRA to 401k is done? I thought as long as both were done by year end all would be well? Because you want to be 100% sure that the rollover to 401k will go without a hitch and you WILL have $0 in the Traditional IRA as ...
by sco
Wed Jan 01, 2020 4:49 pm
Forum: Personal Investments
Topic: Traditional IRA Rollover into 401k (or) Roth Conversion?
Replies: 8
Views: 466

Re: Traditional IRA Rollover into 401k (or) Roth Conversion?

For making a 2019 Backdoor Roth contribution....does my Traditional IRA balance need to be $0 by 12/31/19 or tax deadline in April? The question is irrelevant now, since 12/31/2019 market close has already happened. Generally, you should have $0 as of 12/31 in Traditional IRA. But, even if you do n...
by sco
Fri Dec 27, 2019 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited Whole Life Policy
Replies: 11
Views: 829

Re: Inherited Whole Life Policy

For that yearly premium you could likely get 500k coverage term for 20 years or so...


15k coverage isn’t even a start, assuming you need coverage...
by sco
Sat Nov 30, 2019 10:56 am
Forum: Investing - Theory, News & General
Topic: Why do some thresholds in the tax code adjust for inflation, but others do not?
Replies: 19
Views: 1422

Re: Why do some thresholds in the tax code adjust for inflation, but others do not?

I believe sometimes they don't adjust due primarily to one of the following. General Incompetence To reduce the projected "cost" of their law, while still being able to get re-elected. Related to the second, I think it is often, intentionally, a way of gradually phasing out certain tax benefits in ...
by sco
Sat Nov 30, 2019 9:32 am
Forum: Investing - Theory, News & General
Topic: Why do some thresholds in the tax code adjust for inflation, but others do not?
Replies: 19
Views: 1422

Re: Why do some thresholds in the tax code adjust for inflation, but others do not?

I believe sometimes they don't adjust due primarily to one of the following.
  • General Incompetence
  • To reduce the projected "cost" of their law, while still being able to get re-elected.
by sco
Fri Nov 29, 2019 8:58 am
Forum: Personal Finance (Not Investing)
Topic: H&R BLOCK Pre-Order 2019 Software Offer
Replies: 317
Views: 28352

Re: H&R BLOCK Pre-Order 2019 Software Offer

Newegg just emailed a Black Friday only sale with the two offers with State below (download or CD) for $19.95. I will wait until later in the year in hopes to get a lower price, but this is a good deal for those who want the software sooner. H&R BLOCK Tax Software Deluxe + State 2019 Windows - Down...
by sco
Sat Nov 23, 2019 9:30 am
Forum: Personal Investments
Topic: Financial planning now that retired
Replies: 65
Views: 13367

Re: Financial planning now that retired

You mention both Edward Jones and Ameriprise. The biggest crooks in the financial industry. Moving literally anywhere else would be a good move. EJ is a well respected firm on Wall St. They have reps throughout the US. They meet people in their living rooms to ...steer their money to themselves. Th...
by sco
Wed Nov 20, 2019 10:31 pm
Forum: Personal Finance (Not Investing)
Topic: Funding ideas for flight school
Replies: 9
Views: 1387

Re: Funding ideas for flight school

500 hours is one year of being a CFI or otherwise working. I wouldn't take on a lot of debt for the possibility of getting hired at 1k or 1500 hours.

Anyone with a medical and 1500 hours is getting hired by the regional right now, some of them are even paying for the multi time required.
by sco
Wed Nov 20, 2019 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: Funding ideas for flight school
Replies: 9
Views: 1387

Re: Funding ideas for flight school

Just keep in mind he can build some hours outside of the part 141 program, and probably pay about half the cost per hour on those. As for financing, I would expect the normal student loans would apply for the tuition/room/board only. This likely won't come close to the total costs. The rest you'd ha...
by sco
Wed Nov 20, 2019 2:30 pm
Forum: Personal Consumer Issues
Topic: 2017 Toyota Highlander maintenance reminder is coming on even though oil change is not needed
Replies: 16
Views: 1962

Re: 2017 Toyota Highlander maintenance reminder is coming on even though oil change is not needed

I'd just stick with 5k as the odometer reminds me.

Obviously if it took years to get to 5k, that may be different. I would certainly reset the maint reminder whenever needed, our local guy sometimes forgets that too.
by sco
Thu Nov 07, 2019 4:12 pm
Forum: Personal Investments
Topic: Solo 401k With multiple "Businesses"
Replies: 7
Views: 705

Re: Solo 401k With multiple "Businesses"

The partnership and the sole proprietorship are considered a controlled group. You should only have a single one-participant 401k plan with two employee accounts under that plan. One for you and one for your spouse. However, the partnership can only base employee and employer contributions based on...
by sco
Wed Nov 06, 2019 10:24 pm
Forum: Personal Consumer Issues
Topic: Maximize 1 Day at Disney
Replies: 48
Views: 3258

Re: Maximize 1 Day at Disney

Show up early, you will get more done before noon than after on a typical day.
by sco
Wed Nov 06, 2019 9:03 pm
Forum: Personal Investments
Topic: Solo 401k With multiple "Businesses"
Replies: 7
Views: 705

Re: Solo 401k With multiple "Businesses"

A is a sole proprietorship, nothing special there. B. is a LLC Partnership without Corp tax treatment, the two partners are Husband and Wife. This is what make it a little more complicated, B issues K-1's to Husband and Spouse. Trying to figure out if it makes sense to have a Solo 401k, and if so.. ...
by sco
Wed Nov 06, 2019 5:30 pm
Forum: Personal Investments
Topic: Solo 401k With multiple "Businesses"
Replies: 7
Views: 705

Re: Solo 401k With multiple "Businesses"

I understand the 56k limits, this question is really more about how to calculate the employers portion. In this case with a sole proprietorship and a K1 from an LLC involved..

Are they separate, or just lumped together?
by sco
Wed Nov 06, 2019 11:07 am
Forum: Personal Investments
Topic: Solo 401k With multiple "Businesses"
Replies: 7
Views: 705

Re: Solo 401k With multiple "Businesses"

Crickets?
by sco
Tue Nov 05, 2019 10:03 am
Forum: Personal Investments
Topic: Solo 401k With multiple "Businesses"
Replies: 7
Views: 705

Solo 401k With multiple "Businesses"

I have done a lot of reading on the Solo 401k here and elsewhere, I think I have the basics down. Still a few questions though, and I hope someone can point me in the right direction. 1. When funding the Employers portion, how do you account for multiple businesses for the one person? For example A....
by sco
Thu Oct 24, 2019 8:14 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity Visa Card Bonus for Adding A User, Anybody Know what happens next?
Replies: 17
Views: 1258

Re: Fidelity Visa Card Bonus for Adding A User, Anybody Know what happens next?

It is completely normal practice to allow anyone to add any authorized user to their account, and yes it can impact the authorized users credit score for better or worse. I would add my kid to get the $40. Then shred the card when it arrives, there is no requirement to use it or even tell them. And ...
by sco
Sat Oct 05, 2019 9:31 pm
Forum: Personal Consumer Issues
Topic: Flying in the US after losing ID
Replies: 18
Views: 2810

Re: Flying in the US after losing ID

This happens all the time, just show up a bit early.
by sco
Wed Sep 18, 2019 10:15 pm
Forum: Personal Finance (Not Investing)
Topic: Can I transfer part of a Solo 401(k)?
Replies: 17
Views: 1212

Re: Can I transfer part of a Solo 401(k)?

That Makes more sense.... So "Company A", a Sole proprietorship of one spouse, can have a Solo 401k with Etrade (for a bonus maybe). And "LLC B", owned by both spouses could have a plan with another Vendor.... At some point either company could shut down their plan (even if they stayed in business.)...
by sco
Wed Sep 18, 2019 4:54 am
Forum: Personal Finance (Not Investing)
Topic: Can I transfer part of a Solo 401(k)?
Replies: 17
Views: 1212

Re: Can I transfer part of a Solo 401(k)?

So a person can’t have one solo 401k for one sole proprietorship, and another for a LLC? Thinking of bonus transfers here. If the businesses are both owned by you these are a controlled group and treated as a single employer for retirement plan purposes. Congress and the IRS are way ahead of you he...
by sco
Mon Sep 16, 2019 8:10 pm
Forum: Personal Finance (Not Investing)
Topic: Can I transfer part of a Solo 401(k)?
Replies: 17
Views: 1212

Re: Can I transfer part of a Solo 401(k)?

So a person can’t have one solo 401k for one sole proprietorship, and another for a LLC? Thinking of bonus transfers here. If the businesses are both owned by you these are a controlled group and treated as a single employer for retirement plan purposes. Congress and the IRS are way ahead of you he...
by sco
Mon Sep 16, 2019 5:58 am
Forum: Personal Finance (Not Investing)
Topic: Can I transfer part of a Solo 401(k)?
Replies: 17
Views: 1212

Re: Can I transfer part of a Solo 401(k)?

So a person can’t have one solo 401k for one sole proprietorship, and another for a LLC? Thinking of bonus transfers here..
by sco
Tue Sep 10, 2019 3:36 pm
Forum: Personal Investments
Topic: Selecting funds in Fidelity - 403(b)
Replies: 10
Views: 844

Re: Selecting funds in Fidelity - 403(b)

If this is your only account, don't make it overly complicated. The few funds outlined are all you should ever need.

If you have other accounts then look at all of them in whole. Often smaller accounts can just have 1 fund and you can rebalance as needed in 1 larger account.
by sco
Mon Sep 09, 2019 9:24 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2121
Views: 373208

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

It doesn't look like anyone that offers a Solo 401k offers bonuses that cover them,

Etrade = non-retirement accounts only
Fidelity = Free trades
Vanguard = zero


Obviously the solution is to just put it in one of the IRA options, but that screws up a backdoor Roth with 1 year wait periods.
by sco
Thu Sep 05, 2019 9:18 pm
Forum: Personal Investments
Topic: Plan for mid-year job change (FICA, 401k, ROTH, Pension, Health Insurance)
Replies: 23
Views: 1470

Re: Plan for mid-year job change (FICA, 401k, ROTH, Pension, Health Insurance)

Regarding the small "Cash Pension" #6 above. I was reading another thread and compared the cash payout and annuity options to Immediate Annuities .com Immediate Annuities shows a life Annuity starting now, with Spouse 100% coming in at $154/mth based upon the cash value amount today. It would be $18...
by sco
Mon Aug 26, 2019 11:38 pm
Forum: Personal Finance (Not Investing)
Topic: How to help an employee who is in debt and requesting a loan
Replies: 110
Views: 8880

Re: How to help an employee who is in debt and requesting a loan

The door has been opened, it needs to be closed before the amount becomes big enough to cause problems between you two.
by sco
Mon Aug 26, 2019 10:48 pm
Forum: Personal Investments
Topic: Plan for mid-year job change (FICA, 401k, ROTH, Pension, Health Insurance)
Replies: 23
Views: 1470

Re: Plan for mid-year job change (FICA, 401k, ROTH, Pension, Health Insurance)

[*]Vanguard doesn't allow incoming rollovers or employee eligibility restrictions. Fidelity doesn't offer designated Roth accounts. There is no problem with rolling over large amounts. There is just a requirement to file Form 5500-EZ when the balance on 12/31 of any year is > $250K. There is no req...
by sco
Mon Aug 26, 2019 1:09 pm
Forum: Personal Investments
Topic: Plan for mid-year job change (FICA, 401k, ROTH, Pension, Health Insurance)
Replies: 23
Views: 1470

Re: Plan for mid-year job change (FICA, 401k, ROTH, Pension, Health Insurance)

[*]Vanguard doesn't allow incoming rollovers or employee eligibility restrictions. Fidelity doesn't offer designated Roth accounts. There is no problem with rolling over large amounts. There is just a requirement to file Form 5500-EZ when the balance on 12/31 of any year is > $250K. There is no req...
by sco
Mon Aug 26, 2019 1:00 pm
Forum: Personal Investments
Topic: Plan for mid-year job change (FICA, 401k, ROTH, Pension, Health Insurance)
Replies: 23
Views: 1470

Re: Plan for mid-year job change (FICA, 401k, ROTH, Pension, Health Insurance)

lakpr wrote:
Mon Aug 26, 2019 12:17 pm
@sco,

Look into ETrade Solo 401k plans. They allow contributions on tax-deferred basis, on Roth basis (unlike Fidelity), rollover if outside assets, and is the only provider who would allow In-Plan Roth conversions so you can optimize your taxes at year end.
Wow, thanks for that.
by sco
Mon Aug 26, 2019 9:39 am
Forum: Personal Investments
Topic: Plan for mid-year job change (FICA, 401k, ROTH, Pension, Health Insurance)
Replies: 23
Views: 1470

Re: Plan for mid-year job change (FICA, 401k, ROTH, Pension, Health Insurance)

The 401k plan must allow you to distribute all assets on separation. However, they are only required to allow one direct rollover, although most allow two. If they only allow one, you can do a direct rollover of the pre-tax amounts to a another pre-tax plan/account to avoid the mandatory 20% withho...
by sco
Mon Aug 26, 2019 7:29 am
Forum: Personal Investments
Topic: Plan for mid-year job change (FICA, 401k, ROTH, Pension, Health Insurance)
Replies: 23
Views: 1470

Re: Plan for mid-year job change (FICA, 401k, ROTH, Pension, Health Insurance)

6: Check to see what the funding percentage is of your cash value pension. Companies are required to have an audit once a year and publish the pension health as a percentage funded. If the pension is healthy (anything over 100% funded IMO), I would definitely keep the pension where it is. As previo...
by sco
Sun Aug 25, 2019 9:30 pm
Forum: Personal Investments
Topic: Plan for mid-year job change (FICA, 401k, ROTH, Pension, Health Insurance)
Replies: 23
Views: 1470

Re: Plan for mid-year job change (FICA, 401k, ROTH, Pension, Health Insurance)

Questions 1. FICA Taxes – I will end up contributing over the yearly limit before the end of the year, because Company B will not know how much I have paid in from previous company. Is this over contribution of SS taxes handled on the normal 1040? Is there a special form required? 2. I will have th...