Search found 34 matches

by boston10
Fri Oct 11, 2019 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1093
Views: 128766

Re: Fidelity as a one stop shop

As mentioned in the leaving Fidelity thread, Fidelity has now joined the no-commission crowd: https://www.bostonglobe.com/business/2019/10/10/fidelity-joins-price-war-with-zero-commissions-online-trades/1sMTVwEgL1NZs4EcOBiqmJ/story.html Looks like I’m changing all my Fidelity Mutual Funds in my RIR...
by boston10
Thu Oct 10, 2019 7:36 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1093
Views: 128766

Re: Fidelity as a one stop shop

Long-time Fidelity customer (as well as Vanguard) and just consolidated paycheck direct deposit, billpay, checking, etc. at Fidelity so I could make some interest. I've never actually used the ATM/Debit card, only electronic transactions. Today someone withdrew about $500 from an ATM 300 miles away...
by boston10
Wed Oct 09, 2019 8:29 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1093
Views: 128766

Re: Fidelity as a one stop shop

I encountered another issue, this time with bill pay. It does not allow me to select total balance, instead only paying the amount due. This results in the automatic payments being for $25 and leaving a balance on the credit card. BofA always allowed me to pay the full balance with ebills. I called...
by boston10
Fri Sep 20, 2019 7:23 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1093
Views: 128766

Re: Fidelity as a one stop shop

At Fidelity, even the ACH link for the regular brokerage account requires a copy of the check or a statement showing the account numbers. Are you sure your account isn't restricted in some way? Fidelity definitely doesn't require a check or statement to add an ACH link. Just routing number and acco...
by boston10
Fri Sep 20, 2019 5:55 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1093
Views: 128766

Re: Fidelity as a one stop shop

At Fidelity, even the ACH link for the regular brokerage account requires a copy of the check or a statement showing the account numbers. Are you sure your account isn't restricted in some way? Fidelity definitely doesn't require a check or statement to add an ACH link. Just routing number and acco...
by boston10
Thu Sep 05, 2019 10:10 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1093
Views: 128766

Re: Fidelity as a one stop shop

Do you have a link to info for premium client group? I would like to see what can I do to qualify and what goodies does it come with. I have heard about it but I could not find any info. https://www.fidelity.com/cash-management/atm-debit-card ^ Click the "ATM Reimbursement Levels" link on that page...
by boston10
Thu Sep 05, 2019 6:39 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1093
Views: 128766

Re: Fidelity as a one stop shop

Does anyone know how long it takes for them to lift your mobile check deposit limit? How much money and/or how much time? Any datapoints would be appreciated. As of today my mobile deposit limit has been bumped from $10k to $50k. My accounts with Fido have been open for about a month, with a CMA, b...
by boston10
Thu Sep 05, 2019 6:35 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1093
Views: 128766

Re: Fidelity as a one stop shop

I talked with a rep today and they told me that > 100k would qualify me for premium client status so I would get free ATM withdrawals from the investment/brokerage account. If that is the case I'm not sure of the point to the CMA. Is there a benefit to having both in this case? Sorry if someone ans...
by boston10
Thu Sep 05, 2019 5:56 am
Forum: Personal Finance (Not Investing)
Topic: How often do you receive out-of-sequence pay bumps?
Replies: 56
Views: 3294

Re: How often do you receive out-of-sequence pay bumps?

I have found that once you hit a certain baseline level of performance any additional effort is a waste of time. You are better off networking with the right people and making sure they like you. At the end of the day, perception seems to be all that really matters. You might be technically better ...
by boston10
Thu Sep 05, 2019 5:13 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1093
Views: 128766

Re: Fidelity as a one stop shop

When I set the auto-replenish with minimum target balance, it seems that Fidelity ignores the MM fund and only count the core FDIC sweep into the minimum balance, resulting in over funding the CMA. Is this also the case for you? Also, another question is that, if I tap below the minimum target bala...
by boston10
Wed Sep 04, 2019 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: How often do you receive out-of-sequence pay bumps?
Replies: 56
Views: 3294

Re: How often do you receive out-of-sequence pay bumps?

My advice to OP... be willing to take some calls for other jobs, even if you don't want to go, just to let your company know you're desired. This is the best advice in this thread. To break it down: Your employer is there to make money in their field of business Giving you more money means they mak...
by boston10
Wed Sep 04, 2019 7:50 am
Forum: Personal Finance (Not Investing)
Topic: HELP! New Job Offer Freezes 401k Contributions for 1 year, Alternatives?
Replies: 20
Views: 1579

Re: HELP! New Job Offer Freezes 401k Contributions for 1 year, Alternatives?

I have a job offer for a new firm. It is more money but they don't allow 401k contributions for the first year. I ran the numbers and not being allowed to contribute $19,000 for a whole year ends up costing ~$146,000 in 30 years. Are there alternatives I can use to make up for losing that contribut...
by boston10
Wed Sep 04, 2019 7:25 am
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 1052
Views: 293386

Re: Share your net worth progression

The last 5 years have been pretty good...

1/2015 (age 25): in debt
7/2015 (age 26): $5k
1/2016 (age 26): $11k
7/2016 (age 27): $45k
1/2017 (age 27): $73k (purchased home)
7/2017 (age 28): $90k
1/2018 (age 28): $103k
7/2018 (age 29): $91k (employment gap)
1/2019 (age 29): $115k
7/2019 (age 30): $134k
by boston10
Tue Sep 03, 2019 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1093
Views: 128766

Re: Fidelity as a one stop shop

Is this just the way Fidelity works, where they don't pull the money from your account until the check is deposited and has cleared? Yes. I wouldn't use a bill pay service that didn't work that way. --vtMaps Depending on the volume of bills you're paying through paper checks, and how good the payee...
by boston10
Tue Sep 03, 2019 5:41 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1093
Views: 128766

Re: Fidelity as a one stop shop

Is this just the way Fidelity works, where they don't pull the money from your account until the check is deposited and has cleared? Yes. I wouldn't use a bill pay service that didn't work that way. --vtMaps Depending on the volume of bills you're paying through paper checks, and how good the payee...
by boston10
Tue Sep 03, 2019 5:12 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1093
Views: 128766

Re: Fidelity as a one stop shop

I paid a bill through bill pay to my condo association using a paper check, with a deliver by date of Friday 8/30. Now the pending bill pay transaction has disappeared, but the money hasn't yet been pulled from my account. Is this just the way Fidelity works, where they don't pull the money from you...
by boston10
Fri Aug 30, 2019 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1093
Views: 128766

Re: Fidelity as a one stop shop

Does anyone know how long it takes for them to lift your mobile check deposit limit? How much money and/or how much time? Any datapoints would be appreciated.
by boston10
Fri Aug 30, 2019 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1093
Views: 128766

Re: Fidelity as a one stop shop

Fidelity (rather quietly) raised the rates on its FDIC-insured cash sweep ("FCASH") from .37% to 1.07% earlier this month, despite the Fed lowering rates. Somehow I missed this news until now, when I happened to see it when I clicked a link in my CMA. Not much coverage in the press, but found someth...
by boston10
Fri Aug 30, 2019 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: High interest short term saving account
Replies: 9
Views: 762

Re: High interest short term saving account

In my opinion the places with the best combination of 1) good rates, and 2) commitment to keep those rates as high as possible for as long as possible, are robo-advisors like Betterment and Wealthfront that have started to offer savings accounts recently. Wealthfront is currently at 2.32 and Betterm...
by boston10
Fri Aug 30, 2019 8:50 am
Forum: Personal Finance (Not Investing)
Topic: Should I purchase a $30k car?
Replies: 112
Views: 7678

Re: Should I purchase a $30k car?

I'm actually in a similar situation as the OP in terms of income, age, desire to buy a ~35k car (pickup truck) and I'm wondering what people think. I just turned 30, base income is 130k, $13k bonus target per year, upwardly mobile in terms of income (conservative expectation would be 5-8% annual rai...
by boston10
Fri Aug 23, 2019 5:57 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1093
Views: 128766

Re: Fidelity as a one stop shop

I got my first paycheck today since updating my DD - no issues, and it did in fact deposit into my account a day early, which has not been the case with any banks I've used recently (BoA, Wells Fargo, Santander, Citizens). To provide an updated strategy (new parts bolded, old parts struck through): ...
by boston10
Thu Aug 22, 2019 5:51 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1093
Views: 128766

Re: Fidelity as a one stop shop

So everyone else who sees this thread can benefit from what I've researched on the after-tax yields of SPRXX and SPAXX, I'm going to post what I've found here. SPAXX is a Government Money Market fund and SPRXX is a Prime Money Market fund. The reason SPRXX is higher-yielding than SPAXX (currently 1...
by boston10
Wed Aug 21, 2019 5:12 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1093
Views: 128766

Re: Fidelity as a one stop shop

You can run these numbers for your state, but as applied to MA with our current flat 5.05% state income tax rate, the state essentially claws back 4.9 of the 11 basis points you get from SPRXX in taxes. If you live in a state with high marginal brackets and you're paying 10%, they would be clawing ...
by boston10
Tue Aug 20, 2019 8:00 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1093
Views: 128766

Re: Fidelity as a one stop shop

So everyone else who sees this thread can benefit from what I've researched on the after-tax yields of SPRXX and SPAXX, I'm going to post what I've found here. SPAXX is a Government Money Market fund and SPRXX is a Prime Money Market fund. The reason SPRXX is higher-yielding than SPAXX (currently 1....
by boston10
Sun Aug 18, 2019 7:09 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1093
Views: 128766

Re: Fidelity as a one stop shop

Yup, SPAXX as core. I have also read some interesting comments about SPAXX potentially having a higher after-tax yield than SPRXX, but I'm not sure how that applies in MA, so I'm buying SPRXX periodically for now. The comments I've read are from people in CA or NY, which seem to have esoteric rules...
by boston10
Sun Aug 18, 2019 5:11 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1093
Views: 128766

Re: Fidelity as a one stop shop

Brokerage account for direct deposit and bill pay (push only). Account number never given out or exposed anywhere except for DD. Manually purchase SPRXX periodically. Presumably you've set your core position as SPAXX so at least you get a decent interest rate before you get to purchase SPRXX. Yup, ...
by boston10
Fri Aug 16, 2019 7:12 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1093
Views: 128766

Re: Fidelity as a one stop shop

After reading through this thread, I decided to dip my toes into the water at Fidelity and test out using their products. I have been using BoA for checking, Vanguard for investments, and for cash savings I've been chasing yields and bonuses in savings accounts across different companies. My current...
by boston10
Fri Aug 16, 2019 6:38 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1093
Views: 128766

Re: Fidelity as a one stop shop

with interest rates dropping and SPRXX now yielding 1.95%, where are people parking their cash funds into for their brokerage accounts and CMA (not asking about the admiral $100k investment mins), TIA! I've spread some of my excess cash around high-yield savings accounts at companies I find interes...
by boston10
Fri Dec 22, 2017 11:23 pm
Forum: Personal Finance (Not Investing)
Topic: Overpaying 2017 State Income Taxes to maximize 2017 federal SALT deduction
Replies: 8
Views: 3341

Re: Overpaying 2017 State Income Taxes to maximize 2017 federal SALT deduction

So having a large refund effe If you pay $15,000 in state and local taxes in 2018, and you receive a $5,000 state refund in April 2018 for your 2017 overpayment, on net you would have paid $10,000 in state and local taxes in 2017. So you would still be maxing out the deduction. These calculations h...
by boston10
Fri Dec 22, 2017 9:45 pm
Forum: Personal Finance (Not Investing)
Topic: Overpaying 2017 State Income Taxes to maximize 2017 federal SALT deduction
Replies: 8
Views: 3341

Re: Overpaying 2017 State Income Taxes to maximize 2017 federal SALT deduction

I think your refund this year will be added back as income next year. So on average it’s not that advantage. Normally? Yes. But since they are putting a $10,000 cap on the SALT deduction starting in 2018, this may not be the case. If you pay $15,000 in state and local taxes in 2018, and you receive...
by boston10
Fri Dec 22, 2017 9:27 pm
Forum: Personal Finance (Not Investing)
Topic: Overpaying 2017 State Income Taxes to maximize 2017 federal SALT deduction
Replies: 8
Views: 3341

Overpaying 2017 State Income Taxes to maximize 2017 federal SALT deduction

Hi all, I wanted to comment (and ask opinions) on the SALT deduction in the tax reform bill, and suggest a method of maximizing 2017 deductions if you believe your state/local taxes will exceed the SALT limit in 2018 . Starting in tax year 2018, we can only deduct up to $10,000 in combined property ...
by boston10
Sun Aug 21, 2016 3:18 pm
Forum: Personal Investments
Topic: Investing Home Down Payment
Replies: 9
Views: 1166

Re: Investing Home Down Payment

I am not interested in keeping these funds in an FDIC-insured account. I know that would be a prudent option, but I have seriously considered my risk tolerance and flexible timeline. I am looking for an option with meaningful upside potential, and am willing to tolerate a drop in value based on his...
by boston10
Sun Aug 21, 2016 11:54 am
Forum: Personal Investments
Topic: Investing Home Down Payment
Replies: 9
Views: 1166

Re: Investing Home Down Payment

Are you continuing to fund the Roth? You should consider bumping your retirement savings to at least 15%, more if you have any thoughts of early retirement. http://www.mrmoneymustache.com/2012/01/13/the-shockingly-simple-math-behind-early-retirement/ A general rule of thumb is a 20% downpayment, pr...
by boston10
Sun Aug 21, 2016 10:16 am
Forum: Personal Investments
Topic: Investing Home Down Payment
Replies: 9
Views: 1166

Investing Home Down Payment

Hi all, I've been a long-time lurker here at Bogleheads and would like to ask some advice. I recently decided that I am going to purchase a condo, but the timeline is in flux. It could be anywhere from 6 months to 3 years before I'll be making the purchase, although it is likely to be on the lower s...