Search found 16 matches

by adman_c
Wed May 16, 2018 9:19 am
Forum: Investing - Help with Personal Investments
Topic: Fellow non-529ers
Replies: 43
Views: 3094

Re: Fellow non-529ers

What is the rationale for not using a 529? Just by depositing money in the 529 and then immediately taking it out to pay tuition, you could be taking advantage of up to a $10,000 state tax deduction in some states. Not to mention the tax free gains. Just wondering what the thinking is behind not ta...
by adman_c
Sun May 06, 2018 8:50 am
Forum: Personal Finance (Not Investing)
Topic: Best cash-back credit card right now?
Replies: 42
Views: 4887

Re: Best cash-back credit card right now?

If you don't want to play games, just use Citi doublecash. If you play games for fun and profit.....first, don't use an Amex anything for manufactured spending as they'll shut you down immediately. Uber Visa: I use this for the 4% at restaurants. I know it has other bonus categories but I don't rea...
by adman_c
Wed May 02, 2018 9:48 pm
Forum: Investing - Help with Personal Investments
Topic: help with choosing funds for an inherited IRA
Replies: 14
Views: 1090

Re: help with choosing funds for an inherited IRA

My perspective may or may not be helpful. I have a modest inherited IRA, and have to take the RMD-- but I don't really count it as part of my retirement portfolio. I want it to last for the beneficiaries I've named so I invested enough of the funds in an EFT and a closed end fund selected because t...
by adman_c
Thu Feb 01, 2018 6:01 pm
Forum: Personal Finance (Not Investing)
Topic: Bank of America/Merrill Edge - Preferred Rewards
Replies: 465
Views: 95380

Re: Bank of America/Merrill Edge - Preferred Rewards

I strongly recommend against boa auto pay through ebills. I had it before for one credit card and paid less attention on its payments until a collection letter came. It turns out the ebill is tied to the credit card number, not the account itself. So if the card number changes for any reason, their...
by adman_c
Thu Dec 07, 2017 11:24 am
Forum: Investing - Help with Personal Investments
Topic: Anybody use Personal Capital to advise them?
Replies: 23
Views: 3428

Re: Anybody use Personal Capital to advise them?

Everyone, thank you for your feedback, I appreciate it and I feel that they are expensive. Adam, Thanks for telling about your experience. I was thinking that if I went with them and was placed in mostly stocks and then wanted to get out, I would have to slowly sell to avoid a huge tax bill with ga...
by adman_c
Wed Dec 06, 2017 2:41 pm
Forum: Investing - Help with Personal Investments
Topic: Anybody use Personal Capital to advise them?
Replies: 23
Views: 3428

Re: Anybody use Personal Capital to advise them?

From another Personal Capital thread I posted in: I have nothing particularly bad to say about PC, but I don't think they're well-suited to Bogleheads. If you (or your SO/family) want the "security" of having an actual human financial planner, they are certainly less awful than most AUM shops. Their...
by adman_c
Thu Oct 12, 2017 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Which BoA Credit Card to use?
Replies: 24
Views: 2270

Re: Which BoA Credit Card to use?

I disagree. If the OP’s family travels a decent amount, and they even occasionally pay for a checked bag (4 bags per year total) then the premium rewards card is undeniably better, since the annual fee will be made up for by the reimbursement of airline incidentals. Airline incidentals are only rei...
by adman_c
Thu Oct 12, 2017 9:59 am
Forum: Personal Finance (Not Investing)
Topic: Which BoA Credit Card to use?
Replies: 24
Views: 2270

Re: Which BoA Credit Card to use?

The Premium Rewards card gives 2.625% on everything, redeemable in cash. $95 annual fee. There are a few additional perks, but that's mostly it. The Travel Rewards card gives 2.625% on everything, redeemable in statement credits for travel. $0 annual fee. If the OP's family travels a decent amount,...
by adman_c
Thu Oct 12, 2017 8:33 am
Forum: Personal Finance (Not Investing)
Topic: Which BoA Credit Card to use?
Replies: 24
Views: 2270

Re: Which BoA Credit Card to use?

My understanding of the new Premium Rewards card is that you get the increased base rewards rate of the Travel Rewards card (i.e. 2.625% at platinum honors), but that you can redeem the rewards for cash back, not just travel. The Cash Rewards (for groceries/gas/costco) and the Premium Rewards (for e...
by adman_c
Fri Oct 06, 2017 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: New HSA provider Lively offers investments for $30/yr fee
Replies: 261
Views: 37550

Re: New HSA provider Lively offers investments for $30/yr fee

I just opened an account with Lively after learning that Alliant Credit Union, my current HSA provider, was getting out of the HSA game. So far I am impressed. I exchanged some email questions with Shobin before setting up my account, and I was satisfied with the answers, so I decided to move my sma...
by adman_c
Fri Oct 06, 2017 4:42 pm
Forum: Investing - Help with Personal Investments
Topic: personal capital
Replies: 42
Views: 6785

Re: personal capital

I have nothing particularly bad to say about PC, but I don't think they're well-suited to Bogleheads. If you (or your SO/family) want the "security" of having an actual human financial planner, they are certainly less awful than most AUM shops. Their investment plan is fine, but I doubt it would bea...
by adman_c
Tue Jul 25, 2017 3:54 pm
Forum: Investing - Help with Personal Investments
Topic: SEP IRA and backdoor Roth
Replies: 11
Views: 2295

Re: SEP IRA and backdoor Roth

There may be a little more involved timing wise than DSInvestor described. As he pointed out, any balance in a pre-tax (traditional, SEP, SIMPLE) IRA on 12/31 will interfere in a low/no tax liability Backdoor Roth. So the best option is to rollover the SEP IRA to a 401k prior to 12/31. However, if ...
by adman_c
Thu Jul 06, 2017 4:48 pm
Forum: Personal Consumer Issues
Topic: Avoid close in fee united
Replies: 8
Views: 1458

Re: Avoid close in fee united

SrGrumpy wrote:They changed the rules Oct. 5 last year - not sure how this would have affected your situation.
Yup, I booked mine in February of 2016, so that would have been before they closed that loophole. Sorry OP, looks like you may be out of luck.
by adman_c
Thu Jul 06, 2017 4:34 pm
Forum: Personal Consumer Issues
Topic: Avoid close in fee united
Replies: 8
Views: 1458

Re: Avoid close in fee united

I was able to do this last year when I booked a flight less than 30 days out. Not sure if it still works, but I selected a flight that was not subject to the close-in fee that cost the same number of miles. Once it was booked, I went back and changed the reservation, and was able to make a change to...
by adman_c
Wed Dec 21, 2016 5:19 pm
Forum: Investing - Help with Personal Investments
Topic: Makes No Sense to Contribute to 401K, right?
Replies: 20
Views: 2845

Re: Makes No Sense to Contribute to 401K, right?

It's not a huge difference, but if the OP is in Illinois (guessing based on username) he or she will save Illinois income tax by deducting 30k of income and then converting 30k of tIRA to Roth. Illinois does not charge income tax on IRA withdrawals, and Roth conversions are treated as withdrawals.
by adman_c
Sat Dec 17, 2016 4:17 pm
Forum: Personal Consumer Issues
Topic: Baby books with "non-chewable" covers
Replies: 8
Views: 955

Re: Baby books with "non-chewable" covers

Another recommendation for the Indestructables books. They live up to their name, although, as noted, the pages can wrinkle a little bit.