Search found 227 matches

by SVT
Tue Sep 11, 2018 3:29 pm
Forum: Personal Finance (Not Investing)
Topic: $200 cash bonus offer from Citi
Replies: 57
Views: 5026

Re: $200 cash bonus offer from Citi

I've made $4,650 in bank bonuses between last year and this year. This is from just opening checking and savings accounts and doesn't include credit card bonuses or brokerage bonuses (both of which are generally more lucrative). I keep a spreadsheet with information about when to open/close account...
by SVT
Mon Sep 10, 2018 9:22 pm
Forum: Personal Finance (Not Investing)
Topic: $200 cash bonus offer from Citi
Replies: 57
Views: 5026

Re: $200 cash bonus offer from Citi

I started doing these June last of last year. I received $3265 in checking and savings account bonuses last year in just those 7 months. No significant other. I'm in a high tax bracket but I feel it's still worth it. To me it's a hobby and something I enjoy doing. Yes, you have to pay taxes on it bu...
by SVT
Sat Jul 21, 2018 8:26 pm
Forum: Personal Finance (Not Investing)
Topic: Which brokerage is best for backdoor Roth
Replies: 18
Views: 1445

Re: Which brokerage is best for backdoor Roth

Hi, Did some search but didn't found answers. Which bank has the most seamless and simple process for open tIRA and backdoor Roth convert? I prefer the bank don't need call or mail paperwork. Also, I have already brokerage accounts on eTrade, Schwab, and Fidelity. Thanks, I did it with Merrill Edge...
by SVT
Mon Jul 16, 2018 11:41 pm
Forum: Investing - Help with Personal Investments
Topic: Merrill Edge Taxable Account and Tax Loss Harvesting
Replies: 3
Views: 296

Re: Merrill Edge Taxable Account and Tax Loss Harvesting

Nevermind, I figured it out. I don't see the option to change to Specific ID of shares until I go through the process of selling shares.
by SVT
Mon Jul 16, 2018 11:35 pm
Forum: Investing - Help with Personal Investments
Topic: Merrill Edge Taxable Account and Tax Loss Harvesting
Replies: 3
Views: 296

Re: Merrill Edge Taxable Account and Tax Loss Harvesting

I'm only invested in ETFs so I should be able to if you are but I must obviously be missing something. I've done it in my Vanguard Brokerage account before.
by SVT
Mon Jul 16, 2018 10:20 pm
Forum: Investing - Help with Personal Investments
Topic: Merrill Edge Taxable Account and Tax Loss Harvesting
Replies: 3
Views: 296

Merrill Edge Taxable Account and Tax Loss Harvesting

For those of you with CMA Edge accounts with Merrill Edge, are you able to do tax loss harvesting? I just checked and I now have just over $3k in short term losses I'd like to harvest (was probably more a little while ago but too lazy to check) but I don't see how I can sell specific lots and I can'...
by SVT
Wed May 30, 2018 8:25 am
Forum: Personal Finance (Not Investing)
Topic: Chase sapphire reserve versus BOF premium rewards
Replies: 48
Views: 6846

Re: Chase sapphire reserve versus BOF premium rewards

UR points are worth at least 1.5 cents a piece. Not really. They are only worth 1.5 cents if you use them for travel through the Chase portal. Some travel options (certain hotels, rooms, flights) are not available through the Chase portal. In that case, 1 cent per point in the true low ceiling - ca...
by SVT
Fri May 25, 2018 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: Is there a good one stop website/broker for car insurance quotes?
Replies: 8
Views: 870

Re: Is there a good one stop website/broker for car insurance quotes?

Price is not everything. Consider "quality" of the insurance company - check out Consumer Reports.. I agree with this wholeheartedly. In the past couple of weeks I've spent hours on the phone talking to better-rated insurance companies than the one we've had. We ended up swapping out State Farm for...
by SVT
Mon Apr 16, 2018 1:40 pm
Forum: Investing - Help with Personal Investments
Topic: Two Jobs, Two Retirement Plans; $110,000 Per Year Contribution Limit?
Replies: 4
Views: 1175

Re: Two Jobs, Two Retirement Plans; $110,000 Per Year Contribution Limit?

According to the IRS: The amount of salary deferrals you can contribute to retirement plans is your individual limit each calendar year no matter how many plans you're in. This limit must be aggregated for these plan types: 401(k) 403(b) SIMPLE plans (SIMPLE IRA and SIMPLE 401(k) plans) SARSEP If y...
by SVT
Mon Apr 16, 2018 6:49 am
Forum: Investing - Help with Personal Investments
Topic: Two Jobs, Two Retirement Plans; $110,000 Per Year Contribution Limit?
Replies: 4
Views: 1175

Two Jobs, Two Retirement Plans; $110,000 Per Year Contribution Limit?

I have 2 jobs. The FT job has a SEP-IRA. The PT job has a 401k. I'd like to confirm what the total legal yearly maximum contribution limit is with having both of these plans with separate employers. Is the total legal contribution limit for employer and employee contributions $55k/year per plan? Or ...
by SVT
Tue Mar 27, 2018 11:45 am
Forum: Investing - Theory, News & General
Topic: [Vanguard sends out erroneous "not enough money in settlement fund" notice]
Replies: 94
Views: 7166

Re: Concerns with Vanguard

You can still invest using Vanguard funds but not house your money with Vanguard.
by SVT
Tue Mar 20, 2018 11:15 am
Forum: Personal Finance (Not Investing)
Topic: Can I Retire at 38?
Replies: 118
Views: 13596

Re: Can I Retire at 38?

tfb wrote:
Mon Mar 19, 2018 10:58 pm
Yes you can retire. The only question is what kind of lifestyle you want after you retire. Anybody can retire if they are willing to match their lifestyle to the amount of money that supports it.
Yeah, like a homeless person? :D
by SVT
Tue Mar 20, 2018 10:13 am
Forum: Investing - Help with Personal Investments
Topic: Is buying $50,000 worth of TSLA at this time advisable?
Replies: 46
Views: 3831

Re: Is buying $50,000 worth of TSLA at this time advisable?

I personally wouldn't do it at this point. I think you're a little tardy to the party. I thought about doing it a couple of different times back in 2011-2013. If I did, I would've enjoyed a nice run-up. Sticking to Boglehead principles prevented me from pulling the trigger. That's not the only time ...
by SVT
Sat Mar 17, 2018 7:30 am
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth and SEP IRA
Replies: 10
Views: 851

Re: Backdoor Roth and SEP IRA

I guess just doing anything to make even a couple of hundred dollars per year would be fine just to get a Solo 401k opened, right? As long as it's a legitimate business and not a hobby I don't think there is any minimum business income requirement to open a solo 401k. You may not be able to make mu...
by SVT
Fri Mar 16, 2018 5:51 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth and SEP IRA
Replies: 10
Views: 851

Re: Backdoor Roth and SEP IRA

Another option is to find a way to generate some self-employment income. Then you can adopt a one-participant 401k plan at a provider that accepts rollover contributions (not Vanguard). Then you have your own 401k that accepts rollovers. How easily could I do this? Could I open one with a "business...
by SVT
Fri Mar 16, 2018 4:15 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth and SEP IRA
Replies: 10
Views: 851

Re: Backdoor Roth and SEP IRA

Another option is to find a way to generate some self-employment income. Then you can adopt a one-participant 401k plan at a provider that accepts rollover contributions (not Vanguard). Then you have your own 401k that accepts rollovers. How easily could I do this? Could I open one with a "business"?
by SVT
Fri Mar 16, 2018 3:37 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth and SEP IRA
Replies: 10
Views: 851

Re: Backdoor Roth and SEP IRA

Even if I can't rollover the SEP into my PT job's 401k plan, I'm sure I'll be able to roll it over to a 401k plan at some point in the future, just don't know how long that might be. It could be in just a few years. Maybe several years. It seems like maybe a taxable account for the $5500/yr might be...
by SVT
Thu Mar 15, 2018 1:39 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth and SEP IRA
Replies: 10
Views: 851

Backdoor Roth and SEP IRA

I've done a search on this topic but haven't seen anything discussing an option that I have in mind for my situation. I'm going to be starting employment soon with a company that makes a 20% contribution to a SEP IRA. My income is above the Roth IRA limit. I've been doing a backdoor Roth for a few y...
by SVT
Mon Feb 12, 2018 11:20 pm
Forum: Investing - Help with Personal Investments
Topic: SEP and 401k Max Contribution
Replies: 3
Views: 494

Re: SEP and 401k Max Contribution

In 2017 there is an $18K employee deferral limit per employee across all employers. In 2017 there is a $54K annual addition limit (employee + employer contributions) per employee per each unrelated employer. The allowed employer contributions for either a sole proprietorship SEP IRA or one-particip...
by SVT
Tue Dec 12, 2017 12:28 pm
Forum: Investing - Help with Personal Investments
Topic: High yield savings account
Replies: 13
Views: 1717

Re: High yield savings account

I'd you're motivated to jump through hoops, you could set up at least 14k @ 5%, probably more. 4 Netspend cards, 1k each Insight, 5k Mango, 5k I'm beginning to question this strategy since reading about 50/50 stock/Bond performance. I have 2 Insight accounts. Some people reportedly have 3 or even 4...
by SVT
Mon Dec 11, 2017 9:38 pm
Forum: Investing - Help with Personal Investments
Topic: High yield savings account
Replies: 13
Views: 1717

Re: High yield savings account

I'd you're motivated to jump through hoops, you could set up at least 14k @ 5%, probably more. 4 Netspend cards, 1k each Insight, 5k Mango, 5k I'm beginning to question this strategy since reading about 50/50 stock/Bond performance. I have 2 Insight accounts. Some people reportedly have 3 or even 4...
by SVT
Sat Dec 02, 2017 4:43 pm
Forum: Personal Finance (Not Investing)
Topic: I Can "Afford" This Right? (New Car)
Replies: 60
Views: 5384

Re: I Can "Afford" This Right? (New Car)

I'm currently driving a Fiesta ST. Great, fun, little car. I plan to keep it and have both. Before buying the Fiesta ST last year, I had a SVT Focus for 12 years. Life events over next 10 years...marriage is almost a certainty. Kids are a question mark. I doubt I'd be keeping the RC F for more than...
by SVT
Sat Dec 02, 2017 4:12 pm
Forum: Personal Finance (Not Investing)
Topic: I Can "Afford" This Right? (New Car)
Replies: 60
Views: 5384

Re: I Can "Afford" This Right? (New Car)

A lot of Porsche suggestions here. I'll consider it. I don't really get the comment about buying a house first, or don't be the guy who has an expensive car but lives in an apt. I don't see what's wrong with renting an apt or anything else and having a nice car. Just because someone hasn't bought a ...
by SVT
Fri Dec 01, 2017 10:14 am
Forum: Personal Finance (Not Investing)
Topic: I Can "Afford" This Right? (New Car)
Replies: 60
Views: 5384

Re: I Can "Afford" This Right? (New Car)

I would wait a month. If you still really want it go shopping Dec 30/31. They really do give better deals at year end in my experience. I am. I take a while to make decisions like this. This isn't going to happen in a couple of weeks for sure. Could be a couple of months although I realize that the...
by SVT
Fri Dec 01, 2017 9:37 am
Forum: Personal Finance (Not Investing)
Topic: I Can "Afford" This Right? (New Car)
Replies: 60
Views: 5384

Re: I Can "Afford" This Right? (New Car)

That’s a bit much (10% your net worth?). You can cartainly cover the cost it but question why you have so little saved for your income and age, especially after this bull market. That leads to the affordability question - is having this car worth what you’re giving up? If you’re buying a car make s...
by SVT
Fri Dec 01, 2017 9:23 am
Forum: Personal Finance (Not Investing)
Topic: I Can "Afford" This Right? (New Car)
Replies: 60
Views: 5384

Re: I Can "Afford" This Right? (New Car)

Is this a situation where at lease could make more sense? IDK I've thought briefly about it. Leaning towards just buying and paying cash. With the good resale values of Lexus, selling after a couple of years might not be too big of a hit and end up being less than a lease. I would need to look into...
by SVT
Thu Nov 30, 2017 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: I Can "Afford" This Right? (New Car)
Replies: 60
Views: 5384

Re: I Can "Afford" This Right? (New Car)

I'm currently driving a Fiesta ST. Great, fun, little car. I plan to keep it and have both. Before buying the Fiesta ST last year, I had a SVT Focus for 12 years. Life events over next 10 years...marriage is almost a certainty. Kids are a question mark. I doubt I'd be keeping the RC F for more than ...
by SVT
Thu Nov 30, 2017 11:35 am
Forum: Personal Finance (Not Investing)
Topic: I Can "Afford" This Right? (New Car)
Replies: 60
Views: 5384

I Can "Afford" This Right? (New Car)

I'm somewhat seriously considering buying a car (not sure on used or new - leaning towards used) that would cost anywhere from $55k-$75k. Just looking for opinions. A friend who is financially like-minded as me says I should do it but wanted another outside perspective. Age: 32 and single Income: $2...
by SVT
Tue Sep 19, 2017 8:20 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2750
Views: 554065

Re: What's Your Credit Card Rewards Strategy?

BOA denied me their new card. I only have ever had 1 BOA card. "Too many accounts overall" was their answer. Barclays also denied me a new Arrival + and Aviator Red last week. Time to go into hibernation...reemerge in a year and start at it again. How many new cards in last 24 months? How many new ...
by SVT
Fri Sep 01, 2017 11:41 am
Forum: Investing - Help with Personal Investments
Topic: Emergency funds and net worth calcs
Replies: 27
Views: 3060

Re: Emergency funds and net worth calcs

Sure. - Jeanne D'Arc Credit Union (Savings, 7%, $500 cap) - Digital Federal Credit Union (Savings, 5%, $1000 cap) - Northpointe Bank (Rewards Checking, 4.88%, $10,000 cap) There are many other possibilities. You can find them nationwide at www.depositaccounts.com Thanks. The caps on the Savings acc...
by SVT
Thu Aug 31, 2017 4:28 pm
Forum: Investing - Help with Personal Investments
Topic: Emergency funds and net worth calcs
Replies: 27
Views: 3060

Re: Emergency funds and net worth calcs

For the emergency fund I have a couple of high yielding savings accounts (5-7%) and one rewards checking account (5%). They are all subject to caps and the rewards checking account is subject to a minimum of activity per month. Are you saying those are the interest rates you receive on those accoun...
by SVT
Thu Aug 31, 2017 2:32 pm
Forum: Investing - Help with Personal Investments
Topic: Emergency funds and net worth calcs
Replies: 27
Views: 3060

Re: Emergency funds and net worth calcs

I hold $10k in Insight savings accounts and up to $15k in a 3% checking account.
by SVT
Thu Aug 31, 2017 11:23 am
Forum: Investing - Theory, News & General
Topic: Investment Ideas At The Top Of The Market (Structured Notes)
Replies: 4
Views: 1198

Investment Ideas At The Top Of The Market (Structured Notes)

I read this article on Financial Samurai about how to invest if you're worried about being at the top of the market. What are everyone's thoughts on structured notes? Specifically the structured note discussed in the linked article? I've read the wiki and several threads about structured notes and u...
by SVT
Mon Aug 28, 2017 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2750
Views: 554065

Re: What's Your Credit Card Rewards Strategy?

Wow. Quite bummed. Chase just implemented a new rule restricting bonuses for their Sapphire cards: https://www.doctorofcredit.com/chase-memo-customers-can-get-one-sapphire-card-e-g-csp-cardholders-cant-get-csr/ I'm new to this game and was planning on getting a CSR and CSP over the next several mont...
by SVT
Thu Aug 24, 2017 11:51 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2750
Views: 554065

Re: What's Your Credit Card Rewards Strategy?

Amex business cards do not count toward the 5/24 count. Ink Preferred should not count toward 5/24 but IHG definitely does. +1 on Amex business cards not counting. Can anyone else confirm that Chase business cards aren't counted? If they're not counted then my Ink+ wouldn't be counted...which would...
by SVT
Wed Aug 23, 2017 6:09 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2750
Views: 554065

Re: What's Your Credit Card Rewards Strategy?

Most would recommend applying for the 100k Amex Plat offer rather than the 60k offer, but that offer can be hard to get. I got an invitation to apply for the Amex Business Platinum Card. I can't really grasp how attractive the card would be, though on the face of things it looks good: 100k with $5,...
by SVT
Wed Aug 23, 2017 11:53 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2750
Views: 554065

Re: What's Your Credit Card Rewards Strategy?

Most would recommend applying for the 100k Amex Plat offer rather than the 60k offer, but that offer can be hard to get. I got an invitation to apply for the Amex Business Platinum Card. I can't really grasp how attractive the card would be, though on the face of things it looks good: 100k with $5,...
by SVT
Tue Aug 15, 2017 2:44 pm
Forum: Personal Consumer Issues
Topic: [Prevent mail theft; sign for USPS Informed Delivery]
Replies: 220
Views: 21923

Re: Postal Service -- "informed delivery"

Yeah I just found out about this about a week or so ago. I signed up and find it pretty useful. Just get an email each morning with a picture of the front of my mail so I can see what's being delivered that day.
by SVT
Wed Aug 09, 2017 10:12 am
Forum: Personal Finance (Not Investing)
Topic: Bank of America/Merrill Edge - Preferred Rewards
Replies: 469
Views: 99990

Re: Bank of America/Merrill Edge - Preferred Rewards

Now confirmed. BofA is coming out with a Premium Rewards CC in September: http://www.foxbusiness.com/features/2017/08/09/bofas-new-premium-rewards-card-comes-with-twist.html For those of us with Platinum Honors status, that's 3.5% back on travel and dining, and 2.625% on everything else. Some may no...
by SVT
Mon Jul 31, 2017 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2750
Views: 554065

Re: What's Your Credit Card Rewards Strategy?

I just had an interesting experience with the Chase Ultimate Rewards travel portal. I needed to book a specific hotel for specific days in October. Booking through the Sheraton website offered a pre-paid, nonrefundable standard room rate of $164/night, or a refundable standard room rate for $184/ni...
by SVT
Mon Jul 31, 2017 6:35 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2750
Views: 554065

Re: What's Your Credit Card Rewards Strategy?

Mainly for those of you who use Chase more for ongoing spend, how do you value UR points? I understand the answer to that will differ from person to person but I'm trying to reconcile the value of UR points versus the BofA pair of Cash Rewards and Travel Rewards with Preferred Rewards. Most (all?) b...
by SVT
Mon Jul 31, 2017 6:07 am
Forum: Personal Finance (Not Investing)
Topic: Bank of America/Merrill Edge - Preferred Rewards
Replies: 469
Views: 99990

Re: Bank of America/Merrill Edge - Preferred Rewards

You all might find this interesting: https://www.doctorofcredit.com/bank-america-premium-rewards-credit-card-50000-points-2x-travel-dining-1-5x-purchases-new-card-not-available-yet BofA is coming out with a new card by the end of the year. 50k point bonus, 3.5% back on restaurants, 3.5% back on tra...
by SVT
Mon Jul 31, 2017 5:50 am
Forum: Personal Finance (Not Investing)
Topic: Bank of America/Merrill Edge - Preferred Rewards
Replies: 469
Views: 99990

Re: Bank of America/Merrill Edge - Preferred Rewards

You all might find this interesting: https://www.doctorofcredit.com/bank-america-premium-rewards-credit-card-50000-points-2x-travel-dining-1-5x-purchases-new-card-not-available-yet BofA is coming out with a new card by the end of the year. 50k point bonus, 3.5% back on restaurants, 3.5% back on trav...
by SVT
Sun Jul 23, 2017 11:49 am
Forum: Investing - Help with Personal Investments
Topic: [Best Investment to save for a car - European resident]
Replies: 11
Views: 473

Re: Best Short Term, Liquid Investments

Valuethinker wrote:
SVT wrote:Rewards Checking accounts at 3%, Insight Prepaid cards at 5%, and bank account bonuses, especially for checking accounts.
OP is based in the Eurozone. Are these available to Eurozone residents?
Ahh, didn't realize that. Almost 100% no, not available outside US.
by SVT
Sat Jul 22, 2017 4:23 pm
Forum: Investing - Help with Personal Investments
Topic: [Best Investment to save for a car - European resident]
Replies: 11
Views: 473

Re: Best Short Term, Liquid Investments

Rewards Checking accounts at 3%, Insight Prepaid cards at 5%, and bank account bonuses, especially for checking accounts.
by SVT
Sat Jul 22, 2017 4:17 pm
Forum: Personal Finance (Not Investing)
Topic: What's your personal savings rate?
Replies: 135
Views: 14962

Re: What's your personal savings rate?

75% of gross.
by SVT
Sat Jul 22, 2017 11:46 am
Forum: Personal Finance (Not Investing)
Topic: How much cash to hold for ~2-4 yr home buying time horizon
Replies: 12
Views: 1404

Re: How much cash to hold for ~2-4 yr home buying time horizon

You will need more than just $200k for the down payment.