Search found 621 matches

by danaht
Sat Feb 01, 2020 8:29 am
Forum: Personal Finance (Not Investing)
Topic: Which Tax Software
Replies: 23
Views: 2410

Re: Which Tax Software

You said you get a K1 - if it is from a publicly traded partnership (or mlp) - then Turbo Tax is the only thing that will be able to handle/support it. (unless others have made improvements within the last 2 years)
by danaht
Sun Dec 08, 2019 1:19 pm
Forum: Personal Investments
Topic: "The Wealthy Renter" by Alex Avery.
Replies: 191
Views: 21204

Re: "The Wealthy Renter" by Alex Avery.

It's sometimes very difficult to find a "small" home in a nice area. Sometimes all homes in a good/safe neighborhood are required to be a certain size. But you can easily find a small 1/2 bedroom apartment in a nice neighborhood. So, that might be why it's cheaper to rent - because you can easily do...
by danaht
Sun Dec 08, 2019 9:57 am
Forum: Personal Consumer Issues
Topic: Target gift cards 10% off tomorrow (Sunday Dec. 8)
Replies: 62
Views: 5808

Re: Target gift cards 10% off tomorrow (Sunday Dec. 8)

Will Target allow you to purchase gift cards with a credit card? Yes. I believe if you use the Target Credit Card you won't get an additional 5% off. Discover is offering 5% off this quarter. You should never use your Target Credit Card to buy a Target Gift Card. Since that's one of the few items y...
by danaht
Sun Dec 08, 2019 9:45 am
Forum: Personal Consumer Issues
Topic: Target gift cards 10% off tomorrow (Sunday Dec. 8)
Replies: 62
Views: 5808

Re: Target gift cards 10% off tomorrow (Sunday Dec. 8)

It's one day a year - and I make sure I go to Target to get the full $300 of gift cards at a 10% discount. My family seems to like shopping at Target and it's a great way to save on holiday gift cards for the family. No other retailers seem to have this type of sale yet - which I find very surprisin...
by danaht
Sat Dec 07, 2019 9:22 am
Forum: Personal Investments
Topic: 401k [to buy investment property]
Replies: 7
Views: 477

Re: 401k [to buy investment property]

Instead of an investment property that can be risky - do one of the following with a very small % of your 401k (5%) 1) See if you can get a no cost "brokerage window" and buy a REIT index like the VNQ ETF in it. 2) Invest in a REIT mutual index fund if your 401k offers one with a reasonable expense ...
by danaht
Sat Dec 07, 2019 9:08 am
Forum: Investing - Theory, News & General
Topic: REITS no longer cheap
Replies: 85
Views: 14008

Re: REITS no longer cheap

REITs are slightly more expensive than the S&P 500. Definitely nothing seems to be cheap right now. Just buy the S&P 500 - since there are some REITs in that index as well.
by danaht
Fri Dec 06, 2019 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: How much money can retirees really save by moving to a state without income tax?
Replies: 143
Views: 11913

Re: How much money can retirees really save by moving to a state without income tax?

Just make sure you don't buy a big house. The income tax free states usually have higher property taxes - so just be careful on how much house you buy. Having said that - I think living in a tax free income state like TX can be much cheaper than a high tax income state like CA.
by danaht
Sun Dec 01, 2019 11:06 am
Forum: Personal Investments
Topic: Invest cash in conservative manner until next recession
Replies: 119
Views: 10719

Re: Invest cash in conservative manner until next recession

Not a good idea. Even if a recession comes, it will be after the market has run up 30-40 percent. It would be better to invest to you asset allocation. Well, this depends on how much he/she already has invested. If he/she already has 10 million in the S&P 500 - 1 million sitting in cash collecting ...
by danaht
Thu Nov 28, 2019 1:58 pm
Forum: Investing - Theory, News & General
Topic: Can one have too much Roth?
Replies: 175
Views: 15620

Re: Can one have too much Roth?

We have only one traditional ira left and have been converting that each year to the roth ira. The employer plan is a roth 401k. At retirement we will not have any traditional iras. My current employer 401k (all traditional) that I started 2 years ago will not be converted. My plan is to do partial...
by danaht
Thu Nov 28, 2019 10:38 am
Forum: Investing - Theory, News & General
Topic: Dave Ramsey says 30 years Roth IRA to 1.3 million?
Replies: 239
Views: 21625

Re: Dave Ramsey says 30 years Roth IRA to 1.3 million?

You could contribute $6,000 and then convert $6,000 more from a traditional IRA and that will give you a better chance. The conversion will only cost you ~$1,300 if you are in the 22% tax bracket, or $720, if you are in the 12% bracket. Of course - you can only convert if you have traditional IRA (o...
by danaht
Thu Nov 28, 2019 10:30 am
Forum: Investing - Theory, News & General
Topic: Can one have too much Roth?
Replies: 175
Views: 15620

Re: Can one have too much Roth?

Also, If you live in an income tax free state now and plan to retire in a high income tax state - it may make sense to do Roth conversions now. For instance - I live in TX now - but may retire in CA. That is one reason why I am trying to grow my Roth IRA, and HSA accounts as much as possible right n...
by danaht
Sat Nov 09, 2019 9:22 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity free Turbotax
Replies: 701
Views: 79510

Re: Fidelity Free Turbotax 2019

That is always one of the more entertaining threads of the year--everybody trying to figure out the formula for who gets free Turbotax from Fidelity. Vanguard simplified it a few years back. The formula = Nobody I think that will happen with Fidelity for the 2019 year. With the addition of free sto...
by danaht
Mon Oct 21, 2019 11:42 am
Forum: Investing - Theory, News & General
Topic: Merrill Edge Unlimited $0 Trades
Replies: 13
Views: 1455

Re: Merrill Edge Unlimited $0 Trades

It's good to not be limited to 100 - but I never went past 100 anyway. I think it will be a good benefit for the people who only had 10 trades/month. Curious if Bank of America will add additional benefits for the platinum honors level now that the trading benefits have been leveled out in all rewa...
by danaht
Mon Oct 21, 2019 10:22 am
Forum: Investing - Theory, News & General
Topic: Merrill Edge Unlimited $0 Trades
Replies: 13
Views: 1455

Re: Merrill Edge Unlimited $0 Trades

It's good to not be limited to 100 - but I never went past 100 anyway. I think it will be a good benefit for the people who only had 10 trades/month. Curious if Bank of America will add additional benefits for the platinum honors level now that the trading benefits have been leveled out in all rewar...
by danaht
Sun Oct 20, 2019 11:51 am
Forum: Personal Investments
Topic: HSA Investments - why all not invested??
Replies: 4
Views: 470

Re: HSA Investments - why all not invested??

Hello my HSA shows $25k value but then shows $17.9K available and only $7.8k invested. Why is it not all invested? thanks What company administers your HSA? Do you work for a company that contributes to your HSA? If not - I would recommend switching to Fidelity and open a HSA with Fidelity (+ do a ...
by danaht
Sat Oct 19, 2019 10:53 am
Forum: Personal Finance (Not Investing)
Topic: I bought a STOLEN vehicle!!!
Replies: 106
Views: 16179

Re: I bought a STOLEN vehicle!!!

Sorry for your loss OP. But here is a question: Let's say you are meeting a seller and you inspect the vehicle and find that all the VIN numbers on the car do not match. Is this a time to call 911? Or is this considered a non-emergency and perhaps notify the police after saying "no deal" to the sell...
by danaht
Thu Oct 17, 2019 5:34 pm
Forum: Personal Finance (Not Investing)
Topic: How to save HSA receipts?
Replies: 14
Views: 1618

Re: How to save HSA receipts?

I save a pdf of the receipt in google drive and have a google sheet that I update. +1. I also use google drive with a google sheet. The google sheet has 4 columns: Date, Description, Amount, and Receipt. The Receipt column contains a URL of where the scanned receipt pdf is in google drive (it's a s...
by danaht
Sun Oct 13, 2019 12:25 pm
Forum: Personal Investments
Topic: Fidelity Full View?
Replies: 48
Views: 9540

Re: Fidelity Full View?

Is anyone else having issue getting their Vanguard brokerage accounts to show up in Full View? I can never get that to work, which makes Full View worthless to me. I just tried linking my Vanguard accounts today - and while full view could login to Vanguard with my user name/password - it could not...
by danaht
Sun Oct 06, 2019 9:03 am
Forum: Investing - Theory, News & General
Topic: How many are switching from Fidelity?
Replies: 140
Views: 17476

Re: How many are switching from Fidelity?

ETrade and Schwab still charge a $25 fee to do partial outbound stock transfers. TD Ameritrade appears to be the best deal so far - since they still have a $0 partial transfer. I like to transfer ETFs/stocks to/from brokerages for Roth conversions and so this would be important to me. If Fidelity ch...
by danaht
Sat Oct 05, 2019 11:15 am
Forum: Investing - Theory, News & General
Topic: How many are switching from Fidelity?
Replies: 140
Views: 17476

Re: How many are switching from Fidelity?

I find it interesting that there are Bogleheads that trade individual stocks so much that "free" brokerage commission is of value... Some of us use ETFs instead of mutual funds, which means executing trades on every contribution, withdrawal, tax loss harvest, etc. I like Fidelity and plan to stay. ...
by danaht
Tue Oct 01, 2019 8:18 pm
Forum: Investing - Theory, News & General
Topic: Charles Schwab (SCHW) Eliminating Commissions for Stocks, ETFs and Options Listed on U.S. or Canadian Exchanges
Replies: 106
Views: 11562

Re: Charles Schwab (SCHW) Eliminating Commissions for Stocks, ETFs and Options Listed on U.S. or Canadian Exchanges

TD Ameritrade is $0 starting oct 3rd. Source: their website Great. I didn't see it on their website - but I did see a news article here: https://finance.yahoo.com/news/best-just-got-better-td-221300556.html This is great news. Now Fidelity needs to do the same thing - or else I (and a lot of other ...
by danaht
Mon Sep 30, 2019 7:48 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity taxable: which is better - ETF or Mutual Fund?
Replies: 31
Views: 3336

Re: Fidelity taxable: which is better - ETF or Mutual Fund?

For maximum tax efficiency - In a taxable Fidelity account - an ETF like ITOT might be better to avoid periodic capital gains. An ETF like ITOT tends to pay a qualified dividend - where a Fidelity index mutual fund tends to pay both a capital gain in addition to a dividend.
by danaht
Sun Sep 29, 2019 11:27 am
Forum: Investing - Theory, News & General
Topic: Interactive Brokers (Best Kept Secret)
Replies: 201
Views: 58986

Re: Interactive Brokers (Best Kept Secret)

I don't really care if I have to pay a few pennies extra for stocks to get executed. I use limit orders and mostly just hold the ETFs (or stocks) that I buy for years/decades. I am going to try the IBKR Lite plan and as soon as I get an account that has $50,000 in it - will be lending my stocks/ETF...
by danaht
Sun Sep 29, 2019 10:49 am
Forum: Investing - Theory, News & General
Topic: Interactive Brokers (Best Kept Secret)
Replies: 201
Views: 58986

Re: Interactive Brokers (Best Kept Secret)

IB execution quality ( which probably matters more than commission but hard to measure) is said to be better than any other retail brokers. IB is connected to more liquidity pools and use smart order routing system meaning better chance of orders getting executed at favorable price. IB publishes a ...
by danaht
Sun Sep 29, 2019 10:26 am
Forum: Investing - Theory, News & General
Topic: How much cash do you keep in your HSA?
Replies: 63
Views: 5262

Re: How much cash do you keep in your HSA?

I keep $550 in cash in my Optum Bank HSA account. The rest is transferred to Fidelity HSA account every year to be invested in 100% stocks/stock index funds. Optum Bank requires members of my company to keep at least $500 in the account to avoid a monthly maintenance fee. Fidelity doesn't have any f...
by danaht
Mon Sep 02, 2019 10:38 am
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 1032
Views: 106067

Re: Why are you NOT buying rental properties?

Congratulations on your success. I am not buying rental properties - because I dislike taking care of houses and dealing with people. I much rather buy a broad index ETF and remain a passive investor. You don't need to use extra leverage - because the companies in the ETF are already using leverage ...
by danaht
Sun Aug 11, 2019 8:16 am
Forum: Investing - Theory, News & General
Topic: Why do dividends still exist?
Replies: 204
Views: 13191

Re: Why do dividends still exist?

I like dividends more than buybacks. Dividends are in some cases mandatory for the corporation to pay out if the corporation is a REIT (Real Estate Investment Trust). Some people have a passive strategy to live off of their dividends - which is great if you can do that. The one thing I don't like ab...
by danaht
Fri Aug 09, 2019 2:23 pm
Forum: Personal Investments
Topic: Roth IRA Income Limit Question
Replies: 14
Views: 1070

Re: Roth IRA Income Limit Question

... Anyone can do the backdoor and there's no downside to doing it over the normal contribution. ... Just be careful. Although anyone can do this - this may result in taxable income if you already have a traditional IRA. If you do already have a IRA with before tax dollars - then your tax free back...
by danaht
Mon Jul 29, 2019 7:04 am
Forum: Personal Investments
Topic: Optum Bank => Fidelity HSA?
Replies: 9
Views: 1413

Re: Optum Bank => Fidelity HSA?

I have done a partial transfer of money from my Optum account to my Fidelity HSA account without getting charged a fee. Optum definitely charges for a complete transfer. But, I have found that they may not charge for a partial transfer - if you initiate the transfer from Fidelity. Also, I have only ...
by danaht
Sat Jul 27, 2019 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: Is solar power for your home a worthwhile investment?
Replies: 145
Views: 15070

Re: Is solar power for your home a worthwhile investment?

Having solar power also depends if you have severe weather. For instance - in north TX - I would never buy anything that sits on the roof where it will easily get destroyed after a couple of hail storms. Every now and then I see solar panels on north TX roofs - and I always think to myself that's no...
by danaht
Wed Jul 24, 2019 7:19 pm
Forum: Investing - Theory, News & General
Topic: Roth > Taxable > tIRA
Replies: 200
Views: 16800

Re: Roth > Taxable > tIRA

For me : Roth IRA > tIRA > or = to taxable. Situation: I am in the 24% tax bracket and continuing to partially convert my tIRA to Roth every year. I can't contribute to a Roth directly or do the backdoor Roth because of the before tax money in my tIRA accounts. However, I am focusing on partially co...
by danaht
Thu Jul 04, 2019 6:04 pm
Forum: Investing - Theory, News & General
Topic: Blockbuster
Replies: 34
Views: 3463

Re: Blockbuster

2008/2009 was a time where banks quit lending to a lot of failing businesses (like Blockbuster). I still see physical video rental places open and thriving (one such chain is Family Video) - so I think Blockbuster could have survived another decade - if it did get the funding. Although, if they did ...
by danaht
Sun May 12, 2019 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: Transferring out HSA in kind
Replies: 6
Views: 739

Re: Transferring out HSA in kind

I transferred all my assets from TD Ameritrade/HSA Bank to Fidelity. I was easily able to move the ETFs in kind. There is another thread that has a lot of posts about this: viewtopic.php?f=10&t=263661
by danaht
Sun May 12, 2019 7:21 am
Forum: Personal Finance (Not Investing)
Topic: W-2 earner looking to lower effective tax rate
Replies: 33
Views: 4267

Re: W-2 earner looking to lower effective tax rate

It sounds like you are already doing everything you can (max out 401k, contribute fully to HSA). There is really nothing else you can do as a W2 employee. You could see about converting as a 1099 contractor - but then you would lose a lot of benefits. You would lose your employer's very generous HSA...
by danaht
Sat May 04, 2019 5:03 pm
Forum: Personal Investments
Topic: Vanguard Free/Zero Funds
Replies: 43
Views: 4801

Re: Vanguard Free/Zero Funds

If Fidelity can do it - so can Vanguard. Vanguard could justify the expense as a way to get more business - just like what Fidelity did.
by danaht
Sun Apr 28, 2019 6:25 pm
Forum: Personal Finance (Not Investing)
Topic: HSA and Tax question
Replies: 9
Views: 698

Re: HSA and Tax question

HSA Tax question: 1. Can I take above the line deduction with my HSA after-tax non-payroll direct contribution using form 8889 ? 2. Am I going to loose any tax benefits by NOT doing payroll deductions for HSA vs direct contribution at Fidelity ? 1. Yes 2. You will lose payroll tax deductions (SS an...
by danaht
Sun Apr 28, 2019 11:58 am
Forum: Personal Finance (Not Investing)
Topic: Texas property tax protest
Replies: 55
Views: 5796

Re: Texas property tax protest

As someone who just applied for a job in TX, I have to ask about these outrageous property taxes. Do they go up every year? Is personal property taxes in Texas high as well? I live in Arkansas, where they tax you on everything, including income. It seems AR is death by a thousand cuts and TX is jus...
by danaht
Sun Apr 28, 2019 9:01 am
Forum: Personal Finance (Not Investing)
Topic: Texas property tax protest
Replies: 55
Views: 5796

Re: Texas property tax protest

In general, you should always protest your property taxes in Texas. You really have nothing to lose if your county offers an online appraisal protest feature. In which case, you can try lowering your appraised value instantly online - and if the computer AI gives you the same or higher appraised val...
by danaht
Sun Apr 21, 2019 11:13 am
Forum: Investing - Theory, News & General
Topic: In which companies do you own a single share, or token amount, of stock?
Replies: 80
Views: 6350

Re: In which companies do you own a single share, or token amount, of stock?

I usually buy token shares of companies that I like and I buy these commission free in my Merrill Edge account. SJM - 4 shares - I really like their peanut butter! BAC - 15 shares - Bank of America offers a great loyalty program for credit cards and free stock trades INTC - 5 shares - I have liked t...
by danaht
Sun Apr 21, 2019 10:56 am
Forum: Personal Finance (Not Investing)
Topic: How to get USAA insurance?
Replies: 20
Views: 2849

Re: How to get USAA insurance?

If your too old to join the military - the easiest option is to marry an active or former military veteran. But I would not recommend doing this just to get USAA insurance. USAA may not be the best insurance company now - and there are other options that are at least as good that are available to mo...
by danaht
Sun Apr 21, 2019 10:37 am
Forum: Personal Investments
Topic: Need help selling MLP [Master Limited Partnership]
Replies: 10
Views: 1085

Re: Need help selling MLP

It looks like you don't really have that much in gains. But to get a better picture of the gains - how long have you held these MLPs for? In the worst case scenario - you would only be able to deduct $3000 in losses every year (and carry the rest of the losses forward). I agree that MLPs are very ba...
by danaht
Sat Apr 20, 2019 7:33 am
Forum: Personal Investments
Topic: Ever Too Much in HSA?
Replies: 53
Views: 5689

Re: Ever Too Much in HSA?

Congratulations on being able to save that much in your HSA at your age. You really can't have too much in a HSA. Medical costs are rising at a higher rate than inflation - and have been for years. The HSA is the best place to save for future medical costs. Also, the HSA can act like another IRA if ...
by danaht
Sat Apr 20, 2019 7:27 am
Forum: Personal Consumer Issues
Topic: How far would you commute?
Replies: 104
Views: 5890

Re: How far would you commute?

30 miles (one way) is my limit. It's also what I am doing in my my current job. It takes about 2 hours (total round-trip time) each day to do this. This drive seems to get worse every year as the population here increases. My mega-corp also used to have a time off policy where you could have every o...
by danaht
Fri Apr 19, 2019 1:54 pm
Forum: Investing - Theory, News & General
Topic: [Fidelity Health Savings Account Mega-Thread]
Replies: 1065
Views: 118365

Re: Rumor mill - Fidelity starting individual HSA's Nov. 15th

Previously I asked a question about transferring from Optum to Fidelity and did not get any responses. So let me answer my own question: I did a transfer using the "pull" method at Fidelity from Optum bank. Here's what I experienced: * Transfer is painfully slow. You need to print stuff, send it to...
by danaht
Wed Apr 10, 2019 7:18 pm
Forum: Personal Consumer Issues
Topic: YouTube TV is increasing their price - will you cancel it?
Replies: 63
Views: 5880

YouTube TV is increasing their price - will you cancel it?

YouTube TV just announced a price increase to $49.99 for existing customers effective May 13th. For this extra price - we are getting a lot of extra channels/features. How many people who have You Tube TV are going to cancel it now? $37 a month I guess was too good to be true. Since, I am no longer ...
by danaht
Sat Apr 06, 2019 5:44 pm
Forum: Personal Investments
Topic: Can I contribute to non deductible IRA?
Replies: 14
Views: 889

Re: Can I contribute to non deductible IRA?

If you will not reach age 70.5 this year, you can. That does not mean you should. There really is no downside to contributing to a traditional IRA (if you are over the Roth Income limit). I would just make sure you maximize your 401k and HSA before contributing to a traditional IRA. I am starting t...
by danaht
Sat Apr 06, 2019 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: The Best HSA
Replies: 79
Views: 14169

Re: The Best HSA

I am one of those folks whose employer is paying the Optum Bank $1.50/mo fee while I'm in active employment. Optum has the Institutional share class of the Vanguard fund I want, so it aligns with my investment choices. My only requirement is to a $2,000 cash drag + $25 transfer to new custodian fee...
by danaht
Sat Mar 30, 2019 7:40 am
Forum: Personal Finance (Not Investing)
Topic: Anybody else get a huge tax increase due to SALT deduction changes?
Replies: 101
Views: 8294

Re: Anybody else get a huge tax increase due to SALT deduction changes?

I am also now taking the standard deduction (12k) every year. Prior to the tax changes - I used to bunch my deductions every other year. The end result is that I probably would have slightly lower taxes with the new law- except..... My overall taxes now are much higher because I am partially convert...
by danaht
Sun Mar 24, 2019 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Where do you find high paying jobs?
Replies: 72
Views: 6159

Re: Where do you find high paying jobs?

Sometimes it depends on the company you work for. For instance - in this article they list the average pay for airline mechanics in 2017: https://www.dallasnews.com/opinion/commentary/2019/03/22/southwest-mechanics-reach-sweet-deal-pressure-sides In the article - they mention the top paying company ...
by danaht
Sun Mar 17, 2019 11:03 am
Forum: Personal Investments
Topic: Possible over contribution to Roth IRA
Replies: 5
Views: 468

Re: Possible over contribution to Roth IRA

I personally would just stop contributing and leave it until you do your 2019 taxes (assuming these contributions are for the 2019 tax year). Once you do your 2019 taxes (and before you file your 2019 return) - you will then have an exact figure you are over by. You can then correct the mistake by h...