Search found 136 matches

by djheini
Fri May 14, 2021 7:00 am
Forum: Personal Finance (Not Investing)
Topic: Credit Card for easing back into travel
Replies: 11
Views: 938

Re: Credit Card for easing back into travel

To me the big value for Chase Sapphire Reserve is the rental car insurance protection is primary. This cuts out a lot of cost and protects you against the impact of an accident without CDW. However if you don't have a car, I'm not sure what gives you liability coverage. Anyone know what happens wit...
by djheini
Thu May 13, 2021 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 5169
Views: 974435

Re: What's Your Credit Card Rewards Strategy?

May not apply to you but for some people, it's worth pointing out that the cash rewards cards have 3% foreign transaction fees, so if you do international travel and want to use it as your dining card, it's best to have another fallback option. The 3% is not limited to travel. If you order somethin...
by djheini
Thu May 13, 2021 5:22 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 5169
Views: 974435

Re: What's Your Credit Card Rewards Strategy?

… For *cash* back, the BOA PR/CR combination at 'Platinum Honors' level ($100k+ in ETF's parked at Merrill) is more extra money than a 2% card for a lot of people than a 2% card is more money than a 1.5% card. And the amount of thought is pretty marginal IMO once it's set up. … We've been doing tha...
by djheini
Sat May 01, 2021 7:07 am
Forum: Personal Consumer Issues
Topic: Questions for Wall Street Journal Subscribers
Replies: 69
Views: 5103

Re: Questions for Wall Street Journal Subscribers

I read it because they seem to cover interesting business/econ stories I don't see elsewhere, and it's good to get another perspective. I'm on a $4/month for the first year plan I got at the end of last year, but I don't think I would keep it when it reverts to the normal price of $40ish/month.
by djheini
Fri Apr 30, 2021 6:55 pm
Forum: Investing - Theory, News & General
Topic: Are negative interest rates illegal?
Replies: 28
Views: 2449

Re: Are negative interest rates illegal?

I may be naive, but why would anybody accept a negative interest rate when they could just stick their cash under their pillow and enjoy a 0% interest rate? It seems insane. The question isn't so much individual people who may need to just keep a few thousand dollars, it's more of an issue for inst...
by djheini
Wed Apr 28, 2021 12:49 pm
Forum: Personal Investments
Topic: Which Brokerages Offer Good Perks for High AUM?
Replies: 26
Views: 2830

Re: Which Brokerages Offer Good Perks for High AUM?

I enjoy the Bank of America increased credit card rewards (up to 5.25%, minimum base rate of 2.62% on anything) for having $100k+ parked at Merrill Edge (can be in self-managed ETFs) https://www.bankofamerica.com/preferred-rewards/ Also unlimited ATM reimbursement, and while you get that elsewhere,...
by djheini
Wed Apr 28, 2021 11:53 am
Forum: Personal Investments
Topic: Which Brokerages Offer Good Perks for High AUM?
Replies: 26
Views: 2830

Re: Which Brokerages Offer Good Perks for High AUM?

I enjoy the Bank of America increased credit card rewards (up to 5.25%, minimum base rate of 2.62% on anything) for having $100k+ parked at Merrill Edge (can be in self-managed ETFs)

https://www.bankofamerica.com/preferred-rewards/
by djheini
Sun Apr 25, 2021 7:33 am
Forum: Personal Investments
Topic: I bonds - Are they worth it to you?
Replies: 191
Views: 16849

Re: I bonds - Are they worth it to you?

I used to grumble to myself about the virtual keyboard for logging in. But then I switched password managers, and the new one started auto-filling my password on the login page (skipping the virtual keyboard hassle), and it works fine to log in. Can't believe I never just tried copy/pasting the pass...
by djheini
Wed Apr 21, 2021 11:18 am
Forum: Personal Investments
Topic: 2001 Series I Savings Bonds - potential tax issue at maturity
Replies: 19
Views: 1784

Re: 2001 Series I Savings Bonds - potential tax issue at maturity

Are you actually able to switch and start paying taxes partway during the bond's life? The page on TreasuryDirect doesn't seem to say so... https://www.treasurydirect.gov/indiv/research/indepth/ibonds/res_ibonds_itaxconsider.htm When must I report the interest on my tax form? You have a choice. You ...
by djheini
Wed Apr 21, 2021 11:14 am
Forum: Personal Investments
Topic: 2001 Series I Savings Bonds - potential tax issue at maturity
Replies: 19
Views: 1784

Re: 2001 Series I Savings Bonds - potential tax issue at maturity

Am I to understand that I should have been receiving an annual 1099 Int for IBonds purchased in 2001 and 2005? I have received nothing from Treasury. I do have the orig physical bonds in our safe deposit box. You should receive the 1099-INT when you cash in the bonds (though I'm not sure who issues...
by djheini
Mon Apr 19, 2021 8:04 pm
Forum: Personal Investments
Topic: $1,000,000 In An Ally Savings Account?
Replies: 67
Views: 10811

Re: $1,000,000 In An Ally Savings Account?

Credit Karma Money seems to provide FDIC insurance up to $5M by spreading it across a number of underlying network banks through MVB Bank, Inc.: https://www.creditkarma.com/savings From the app: FDIC Coverage: The balance in your savings account may be moved to one or more network banks where it is...
by djheini
Sun Apr 18, 2021 8:33 am
Forum: Investing - Theory, News & General
Topic: [Fidelity Health Savings Account Mega-Thread]
Replies: 1140
Views: 144762

Re: [Fidelity Health Savings Account Mega-Thread]

Any updates to this thread? Any recommendations for as seamless as possible of a transfer to Fidelity? Thank you. The only update I have is that the process is not seamless at all at the moment. Based on what Fidelity has admitted to in their messages, they are extremely short-handed and seems like...
by djheini
Tue Apr 13, 2021 10:52 am
Forum: Personal Consumer Issues
Topic: BOA Premium Rewards vs. United Explorer -- which to keep?
Replies: 11
Views: 692

Re: BOA Premium Rewards vs. United Explorer -- which to keep?

If you decide to keep the United card, you could try to downgrade the Premium Rewards card to the travel rewards card. It has the same 2.62% earning rate on everything (no bonus category for travel/dining though), and no annual fee, but rewards need to be used as statement credits against travel/din...
by djheini
Thu Mar 11, 2021 12:02 pm
Forum: Personal Investments
Topic: Transfer from Vanguard to Merrill Edge
Replies: 11
Views: 1103

Re: Transfer from Vanguard to Merrill Edge

If you ever in the future want to transfer from Merrill Edge to another broker either for another bonus or because BoA devalues the preferred rewards or some other reason, you don't know how the new receiving brokerage will handle the vanguard mutual funds. Will they accept them in kind or would you...
by djheini
Fri Mar 05, 2021 2:05 pm
Forum: Investing - Theory, News & General
Topic: 2021 I Bonds: what's your plan?
Replies: 222
Views: 28176

Re: 2021 I Bonds: what's your plan?

$5k federal refund in paper iBonds, as usual. Anyone else can answer... Do you purposefully ask employer to overwithhold taxes such that you can buy more I bonds with your tax return? If so, can you just make a large IRS estimated payment during the year to ensure you'll have a refund to get more I...
by djheini
Tue Mar 02, 2021 12:47 pm
Forum: Investing - Theory, News & General
Topic: Thanks to the Bogleheads, I am now (barely) FI
Replies: 26
Views: 4950

Re: Thanks to the Bogleheads, I am now (barely) FI

Be careful extrapolating out one (shortest) month and assuming that it represents regular costs. Do you have no irregular expenses that come up (e.g. holiday spending, some annual bill, etc.)?

With that said, congrats on the milestone!
by djheini
Thu Feb 25, 2021 3:14 pm
Forum: Investing - Theory, News & General
Topic: is my understanding of tax loss harvesting correct?
Replies: 66
Views: 3613

Re: is my understanding of tax loss harvesting correct?

The tradeoff is you get a potential tax break today, but you are lowering your cost basis, which means you'll eventually owe more taxes. So this is most effective when you'll have a chance to sell in the future at a lower tax rate (such as early retirement). Even better is if you will want to donat...
by djheini
Thu Feb 18, 2021 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: Chase travel insurance/interruption for snowstorms
Replies: 2
Views: 313

Re: Chase travel insurance/interruption for snowstorms

Looking at the Chase Sapphire trip cancellation benefits guide (assuming it's a sapphire card), it feels to me like it likely wouldn't be covered if you're driving yourself rather than taking a common carrier, unless the AIrBNB is unsafe to stay at (not necessarily get to) Severe Weather, which prev...
by djheini
Tue Feb 16, 2021 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: Import Fidelity into Turbotax
Replies: 51
Views: 3665

Re: Import Fidelity into Turbotax

What's in your account determines when Fidelity makes the 1099 available. Between my wife and me, we have three taxable accounts - my trust, her trust, and a joint account that we just have cash in for Bill Pay. Her trust account and the joint account had their 1099s ready by the end of January; my...
by djheini
Sun Feb 07, 2021 8:46 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 5169
Views: 974435

Re: Favorite Credit Cards

I thought the high levels of cash back on the Bank of America premium cards were capped at $2,500 per quarter of spending. Is that not true? That's the limit for the category bonuses (up to 5.25%) on the BoA Cash Rewards card. I have run >$10k in a month through the Premium Rewards card and still g...
by djheini
Sat Feb 06, 2021 11:35 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 5169
Views: 974435

Re: Favorite Credit Cards

I thought the high levels of cash back on the Bank of America premium cards were capped at $2,500 per quarter of spending. Is that not true? That's the limit for the category bonuses (up to 5.25%) on the BoA Cash Rewards card. I have run >$10k in a month through the Premium Rewards card and still g...
by djheini
Sat Feb 06, 2021 11:15 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 5169
Views: 974435

Re: Favorite Credit Cards

If you can park $100k at Merrill Edge (like just having Vanguard ETFs sit there in IRA and/or taxable), you qualify for the highest level of their Preferred Rewards. You can then get either the Travel Rewards or Premium Rewards cards with their highest earning bonuses. Travel Rewards has no annual f...
by djheini
Mon Feb 01, 2021 10:13 am
Forum: Personal Investments
Topic: Fidelity Market Order "Time in Force" Options: Day, On the Open, On the Close
Replies: 5
Views: 543

Re: Fidelity Market Order "Time in Force" Options: Day, On the Open, On the Close

I've had a brokerage account for well over 20 years. I've never had occasion to think that purchasing "on the open" or "on the close" made any sense. In fact, I believe such trades are a bit risky because you have no idea where a stock will be at the open or at the close. I almo...
by djheini
Mon Feb 01, 2021 9:56 am
Forum: Personal Investments
Topic: Fidelity Market Order "Time in Force" Options: Day, On the Open, On the Close
Replies: 5
Views: 543

Re: Fidelity Market Order "Time in Force" Options: Day, On the Open, On the Close

From the "Help" link on the trade ticket
On the Open
Fills only at the opening price. Accepted between 4:15 p.m. and 9:28 a.m. ET.

On the Close
Fills only at the closing price. Accepted between 9:30 a.m. and 3:40 p.m. ET.
So the system won't let you do examples 3 or 5
by djheini
Sat Jan 23, 2021 7:54 pm
Forum: Personal Investments
Topic: Target Date Funds Available in your 401k
Replies: 39
Views: 2352

Re: Target Date Funds Available in your 401k

The standard Vanguard TDFs in a Fidelity-administered 401k
by djheini
Sun Jan 17, 2021 1:09 am
Forum: Personal Finance (Not Investing)
Topic: Cap Gains No Income
Replies: 8
Views: 1067

Re: Cap Gains No Income

the $1M LTCG would count as income and push you up through the tax brackets until you were well above the 0% bracket. But there is an advantage to selling enough at least to max out the 0% capital gains limit (even if you immediately re-purchase to reset your basis higher. This is called capital gai...
by djheini
Sun Jan 17, 2021 12:50 am
Forum: Personal Investments
Topic: Fidelity Purchases Question - Dollar Investment vs. Share Price
Replies: 9
Views: 689

Re: Fidelity Purchases Question - Dollar Investment vs. Share Price

Yes, if you're purchasing a mutual fund (5 letter symbol), they will make the purchase for the exact amount you requested (up to 3 decimal places of shares). If you're purchasing a stock or ETF (less than 5 letter symbol), they will purchase as many fractional shares as they can but there are often ...
by djheini
Sat Jan 16, 2021 8:39 pm
Forum: Personal Finance (Not Investing)
Topic: Primer on Paying Taxes With a Credit Card
Replies: 154
Views: 50722

Re: Primer on Paying Taxes With a Credit Card

Yes BoA cash Rewards. I have other BoA cards (not cash Rewards). It doesn't tell me to which categories purchases belong (just if there is any bonus). Some times purchasing a plane ticket gets the travel bonus, sometimes it doesn't (depending on the merchant). But all purchases must have associated...
by djheini
Thu Jan 14, 2021 7:58 pm
Forum: Personal Finance (Not Investing)
Topic: Primer on Paying Taxes With a Credit Card
Replies: 154
Views: 50722

Re: Primer on Paying Taxes With a Credit Card

Yes BoA cash Rewards. I have other BoA cards (not cash Rewards). It doesn't tell me to which categories purchases belong (just if there is any bonus). Some times purchasing a plane ticket gets the travel bonus, sometimes it doesn't (depending on the merchant). But all purchases must have associated...
by djheini
Wed Jan 06, 2021 6:59 am
Forum: Personal Investments
Topic: $50k error in Fidelity 401k
Replies: 19
Views: 1902

Re: $50k error in Fidelity 401k

What do the actual account statements show, rather than the transaction history tab of the website?
by djheini
Mon Jan 04, 2021 5:02 am
Forum: Personal Finance (Not Investing)
Topic: How IRS keeps track of my 401k and IRA investments?
Replies: 36
Views: 3268

Re: How IRS keeps track of my 401k and IRA investments?

awdesign wrote: Sun Jan 03, 2021 1:37 pm
wrongfunds wrote: Sun Jan 03, 2021 1:04 pm In summary, IRA does NOT need to keep track of your 401K or IRA.
Related question; How IRS knows if I over-invested to my 401k?
401k contributions are listed in one of the boxes on your W-2, which the IRS gets a copy of.
by djheini
Fri Dec 18, 2020 9:59 am
Forum: Personal Consumer Issues
Topic: Waste collection (trash) prices
Replies: 56
Views: 2423

Re: Waste collection (trash) prices

Boston suburb. Municipal pickup:

$190/year for 35 gallon
$252/year for 65 gallon
$312/year for 95 gallon.

All are picked up weekly, and separate recycling bin(s) are included in the trash prices.

Until a couple years ago it was $200/year with no limit on number of bags (within reason)
by djheini
Mon Nov 30, 2020 11:45 am
Forum: Investing - Theory, News & General
Topic: Issue with Fidelity website?
Replies: 10
Views: 605

Re: Issue with Fidelity website?

Do you have an adblocker or any other browser extensions installed? If so, try disabling those to see if it helps.
by djheini
Mon Nov 30, 2020 12:06 am
Forum: Personal Investments
Topic: Taxable account Taxes
Replies: 2
Views: 435

Re: Taxable account Taxes

Vanguard funds currently have a patent to have their regular mutual finds like VTSAX get the same tax benefits as the corresponding ETFs. So in this case probably not necessary unless you want to switch to the ETF for other reasons. If you do want to change to the ETF, if you sold VTSAX and then pur...
by djheini
Mon Nov 30, 2020 12:01 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 5169
Views: 974435

Re: What's Your Credit Card Rewards Strategy?

Amazon and Target both each have their own co-brand cards that give you 5% off/back on all purchases I think the Amazon card is only 3% unless you have Prime. That's true for the Amazon Visa, but I think the store card through synchrony is 5% whether or not you have prime (at least it was last time...
by djheini
Fri Nov 27, 2020 10:59 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 5169
Views: 974435

Re: What's Your Credit Card Rewards Strategy?

Given that Drugstores are now 3% back on Chase Freedom Unlimited and all the major ones (CVS, Rite Aid, Walgreens, etc.) carry gift cards, this essentially means we can do 3% back on Amazon, Target, and lots of other brands through gift cards, right? Others have success with this? Amazon and Target...
by djheini
Wed Nov 25, 2020 9:54 pm
Forum: Investing - Theory, News & General
Topic: Website problem: Cannot perform transactions
Replies: 36
Views: 2128

Re: Website problem: Cannot perform transactions

Vanguard Digital Advisor isn't working either - you can't login to it. Suggest the OP change the title to VANGUARD website problem..... Most other websites work ;-) Actually this was while Amazon Web Services was having issues, affecting many sites across the internet today. I don't know if Vanguar...
by djheini
Sun Nov 15, 2020 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card sign up bonus's
Replies: 18
Views: 1213

Re: Credit Card sign up bonus's

Doctor of Credit https://www.doctorofcredit.com/ and the Churning subreddit https://www.reddit.com/r/churning/ are two good resources for the latest news in the credit card signup world. Amex had some good offers recently come out on the Platinum and Gold cards via Resy. Look specifically at https:/...
by djheini
Mon Oct 19, 2020 4:45 pm
Forum: Personal Investments
Topic: I bonds - Are they worth it to you?
Replies: 191
Views: 16849

Re: I bonds - Are they worth it to you?

But isn't it up 7% YTD and 8% in 2019? I'm fairly new to the bond space so pardon me if I am not seeing something. What you are missing is that past yield is a very poor predictor of future yield. I don’t disagree, but is there a compelling reason to believe/predict that Ibonds will be more attract...
by djheini
Sat Sep 05, 2020 10:30 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1842
Views: 275493

Re: Fidelity as a one stop shop

Question for those with a Fidelity Cash Management Account (CMA): I opened a Fidelity CMA account yesterday...consider it dipping my toe in the water...my first step in moving toward Fidelity as my one stop shop. The CMA account balance is current zero. When I click the "Fund This Account"...
by djheini
Thu Sep 03, 2020 9:04 pm
Forum: Investing - Theory, News & General
Topic: Buying funds in fidelity - need to transfer money to cash account first?
Replies: 22
Views: 1473

Re: Buying funds in fidelity - need to transfer money to cash account first?

Another option is to enable margin in the account. Then you can buy whatever you want (up to your margin limit), and you won't pay any interest as long as you transfer the money in before settlement date. I set this up and now will place an order, see what the total was, and then initiate the transf...
by djheini
Sat Aug 08, 2020 4:47 pm
Forum: Personal Investments
Topic: Experience with RSU's during layoffs?
Replies: 13
Views: 1143

Re: Experience with RSU's during layoffs?

Don't count on anything that hasn't vested. Might be pleasantly surprised, but don't count on it.
by djheini
Sun Aug 02, 2020 8:11 pm
Forum: Personal Consumer Issues
Topic: Any Chase Sapphire Reserve cardholders planning on cancelling?
Replies: 94
Views: 10363

Re: Any Chase Sapphire Reserve cardholders planning on cancelling?

I am thinking about getting rid of my sapphire reserve card. Definitely don't plan on traveling much for the next couple of years. For this same reason, we've also stopped using our Delta Amex and are instead using our Citi Double Cash for everything now. May end up getting rid of the Delta card to...
by djheini
Sun Aug 02, 2020 8:09 pm
Forum: Personal Consumer Issues
Topic: Any Chase Sapphire Reserve cardholders planning on cancelling?
Replies: 94
Views: 10363

Re: Any Chase Sapphire Reserve cardholders planning on cancelling?

Planning to cancel at renewal time in October as I'm not traveling as much anymore (combination between covid and new job which reduces the frequent trips I had been taking). I don't anticipate spending enough on travel/dining to make 3xUR better than the 3.5% cash back on BoA premium rewards. Most ...
by djheini
Sat Jul 11, 2020 11:08 pm
Forum: Personal Finance (Not Investing)
Topic: Bored to Tiers: banking perks don’t seem worth it
Replies: 40
Views: 5168

Re: Bored to Tiers

+1 for Bank of America Preferred Rewards. If you get their highest tier ($100k combined between your BoA accounts and Merrill Edge accounts), you get a handful of benefits but the sweet one is a 75% bonus on credit card rewards. So if you have enough parked in Vanguard ETFs in Merrill Edge to qualif...
by djheini
Sat Jul 11, 2020 10:26 pm
Forum: Investing - Theory, News & General
Topic: Prime Money Market Question - where to park cash?
Replies: 12
Views: 2018

Re: Prime Money Market Question - where to park cash?

Am I reading the numbers correctly when I say that there is essentially zero return on the cash I am holding in Vanguard Prime Money Market. Expense ratio = 0.16% Current Compound Yield = 0.15% I knew rates were extremely low, but I didn't realize they were that low. I have a known $50K expense in ...
by djheini
Fri Jul 03, 2020 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: E-file with turbotax and pay with credit card
Replies: 19
Views: 9225

Re: Efile with turbotax and pay with credit card

When you get to the paying the taxes step in TurboTax, say you'll pay via check. Then go make that payment through your payment processor of choice instead of mailing a paper check in. That should work for Federal, I think different states work differently.
by djheini
Thu Jun 18, 2020 11:03 pm
Forum: Personal Finance (Not Investing)
Topic: Where do you keep your emergency fund?
Replies: 99
Views: 14179

Re: Where do you keep your emergency fund?

+1 This works great as an emergency fund and it is an easy place to park some cash. Short term treasury fund would be another good pick for another 0.2%. Warren Buffett suggests keeping one's bond portion in short-term treasuries for his 90/10 recommendation. If you sell out of Vanguard Fed Money M...
by djheini
Tue Jun 16, 2020 11:41 pm
Forum: Personal Finance (Not Investing)
Topic: Where do you keep your emergency fund?
Replies: 99
Views: 14179

Re: Where do you keep your emergency fund?

Vanguard Federal Money Market. Brokerage sweep account. +1 This works great as an emergency fund and it is an easy place to park some cash. Short term treasury fund would be another good pick for another 0.2%. Warren Buffett suggests keeping one's bond portion in short-term treasuries for his 90/10...
by djheini
Tue Jun 16, 2020 11:28 pm
Forum: Personal Finance (Not Investing)
Topic: Refi Options
Replies: 12
Views: 1011

Re: Refi Options - Jumbo in MA

I don't know about jumbo or the current rates but I did a refi with East Boston Savings Bank earlier this year (started in Feb and closed in April) and was happy with the rates and the process. It seems like they have most of the rates not showing on their website at the moment but I think they're r...