Search found 4880 matches

by aristotelian
Mon Dec 17, 2018 10:51 pm
Forum: Investing - Theory, News & General
Topic: Rumor mill - Fidelity starting individual HSA's Nov. 15th
Replies: 705
Views: 50053

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

My HSA is with Lively, but am considering moving to Fidelity like everyone else. I don't have any accounts with Fidelity. My only balance in Lively is 10 cents, the rest is in TD Ameritrade. I'm assuming you can invest 100% of your HSA with Fidelity and I will be avoiding the 2.50/month charge. Is ...
by aristotelian
Mon Dec 17, 2018 8:27 am
Forum: Personal Finance (Not Investing)
Topic: Airbnb as side gig
Replies: 44
Views: 2882

Re: Airbnb as side gig

The people that run actual B&Bs must be terrified every night. AirBnB's are actual B&B's. Now they have an online platform they can use to connect with customers. The people that are terrified are hotels. To OP's actual question, I would reiterate the advice to check with your homeowners insurance....
by aristotelian
Mon Dec 17, 2018 8:13 am
Forum: Investing - Help with Personal Investments
Topic: Socially Responsible Funds
Replies: 12
Views: 1211

Re: Socially Responsible Funds

My understanding is that most if not all socially responsible fund will underperform the S&P 500 index in the long run. The question then becomes if you are better off simply investing in the S&P 500 and just giving the difference away to your charity or cause of choice. "Will" is too strong. Past ...
by aristotelian
Sun Dec 16, 2018 9:52 pm
Forum: Investing - Help with Personal Investments
Topic: My 401k has no bond index fund options
Replies: 14
Views: 913

Re: My 401k has no bond index fund options

If the Target Date funds are good, just select the one with the soonest retirement date (or "Target Income"). That fund will have a high % of bonds that you can use to adjust your allocation.
by aristotelian
Sun Dec 16, 2018 8:09 pm
Forum: Personal Finance (Not Investing)
Topic: Airbnb as side gig
Replies: 44
Views: 2882

Re: Airbnb as side gig

Since income from rental properties is not normally considered earned income, I don't see how you could use AirBnB income to contribute to an individual 401k. Is AirBnB income somehow contract (1099) income? It's not 1099 but it is a small business. As long as you are sticking to short term rentals...
by aristotelian
Sun Dec 16, 2018 7:09 pm
Forum: Personal Consumer Issues
Topic: Fidelity Discount for Turbotax Deluxe Download?
Replies: 6
Views: 516

Re: Fidelity Discount for Turbotax Deluxe Download?

stlutz wrote:
Sun Dec 16, 2018 6:55 pm
Click on the menu button at the top left and select "CD/download versions".

Note that even with the Fidelity discount it's cheaper at Amazon.
Thanks. I was thrown off because the discount is only $10 off the download version. They got me with the old "up to $20" trick.
by aristotelian
Sun Dec 16, 2018 6:41 pm
Forum: Personal Consumer Issues
Topic: Fidelity Discount for Turbotax Deluxe Download?
Replies: 6
Views: 516

Fidelity Discount for Turbotax Deluxe Download?

The Fidelity discount page says the $20 discount applies to the download version but when I click through I only see options for the online version. I need the desktop version for investment importing and additional returns for my kids. Anyone know how to get the discount for the download version? h...
by aristotelian
Sun Dec 16, 2018 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: Tax preparation software for 2018 returns
Replies: 17
Views: 1457

Re: Tax preparation software for 2018 returns

Livesoft, why are the "desktop or download versions.... better than the online versions if you have a home computer"? What is the disadvantage of using the "online version"? In the past, I have always used the "online version" of the tax filing software due to convienence & my perceived level of se...
by aristotelian
Sun Dec 16, 2018 9:15 am
Forum: Investing - Help with Personal Investments
Topic: Non Diversified Portfolio With Large LT Gains
Replies: 7
Views: 505

Re: Non Diversified Portfolio With Large LT Gains

alex_686 wrote:
Sat Dec 15, 2018 4:25 pm

First, are you sure there is a lack of diversification? You only need about 20 correctly picked stocks to replicate the S&P 500. I suspect you don't but take time to review.
Replicate is a strong word. I would say "approximate" with a stipulation that they be reasonably diversified.
by aristotelian
Sun Dec 16, 2018 9:13 am
Forum: Investing - Help with Personal Investments
Topic: Non Diversified Portfolio With Large LT Gains
Replies: 7
Views: 505

Re: Non Diversified Portfolio With Large LT Gains

Retire early and/or delay SS until 70, and realize the gains at 0%. If you realize any gains, it should be a diversification move rather than tax efficiency move.

You can transfer to Schwab in-kind without realizing any tax hit.
by aristotelian
Sat Dec 15, 2018 12:31 pm
Forum: Investing - Theory, News & General
Topic: [Robinhood to offer 3% cash management program, not a bank account]
Replies: 160
Views: 10148

Re: [Robinhood to offer 3% cash management program, not a bank account]

Given that Robinhood was willing to jump the gun and claim SIPC coverage before finding out if the SIPC agreed, I think we can assume that Robinhood is aggressive and willing to take risks. +1 As I said I would approach this account with caution. The early bird gets the worm - the early worm gets e...
by aristotelian
Sat Dec 15, 2018 10:25 am
Forum: Personal Consumer Issues
Topic: How much do you pay for internet only?
Replies: 70
Views: 3960

Re: How much do you pay for internet only?

$30 for AT&T Basic, 6 Mbps. Plenty of bandwidth for Netflix.
by aristotelian
Sat Dec 15, 2018 10:19 am
Forum: Investing - Theory, News & General
Topic: What caused the JUSRX one day 10.5% drop on 12/12/18?
Replies: 7
Views: 664

Re: What caused the JUSRX one day 10.5% drop on 12/12/18?

alex_686 wrote:
Sat Dec 15, 2018 10:17 am
Did you check for distributions? Caputal gains get paid out around now.
+1, keep an eye out for a large tax bill as well unless you hold it in a retirement account.
by aristotelian
Sat Dec 15, 2018 9:37 am
Forum: Investing - Help with Personal Investments
Topic: advice for a first time BOND investor?
Replies: 5
Views: 376

Re: advice for a first time BOND investor?

Read a good book on bonds and decide for yourself. Swedroe's Only Winning Bond Strategy is a bit dates but that is what I used. Most here use Vanguard Total Bond Market as a starting point but there are many good options and the differences likely won't make or break a portfolio. Just stay away from...
by aristotelian
Fri Dec 14, 2018 4:18 pm
Forum: Investing - Theory, News & General
Topic: Recession Coming
Replies: 49
Views: 6084

Re: Recession Coming

Exactly! I for one am of the (strong) opinion that there seems to be a concerted effort to talk the markets down. Not to get political, but I also suspect there are political motivations for doing so. Aside from the Fed tightening which could in and of itself cause a slowdown and/or recession, it w...
by aristotelian
Fri Dec 14, 2018 11:43 am
Forum: Investing - Theory, News & General
Topic: Rumor mill - Fidelity starting individual HSA's Nov. 15th
Replies: 705
Views: 50053

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

Has anyone gotten Lively to reimburse the $50 TDA transfer fee? As it turns out, it appears that TD waives the fee after they charge it. The credit shows up in a couple of days after your transfer, so you will have $50 deducted from the account as it is transferred to the new custodian, leaving you...
by aristotelian
Thu Dec 13, 2018 11:06 pm
Forum: Investing - Theory, News & General
Topic: [Robinhood to offer 3% cash management program, not a bank account]
Replies: 160
Views: 10148

Re: Robinhood to launch 3% Checking & Savings Accounts

Morgan Dollar 1921 wrote:
Thu Dec 13, 2018 10:56 pm
drk wrote:
Thu Dec 13, 2018 10:46 pm
Can we get the thread title corrected? These are not checking/savings accounts.
Respectfully, I ask what would you call them then ? TIA
It's the cash management service for their brokerage account. Similar to Vanguard Government Money Market Fund.
by aristotelian
Thu Dec 13, 2018 10:47 pm
Forum: Investing - Theory, News & General
Topic: Is there any market that is not inflated?
Replies: 58
Views: 3618

Re: Is there any market that is not inflated?

The Fed has been raising rates and may be pausing, so short term bonds look good relative to long term bonds. Hence the flat (possibly soon to be inverted) yield curve.
by aristotelian
Thu Dec 13, 2018 11:03 am
Forum: Investing - Theory, News & General
Topic: [Robinhood to offer 3% cash management program, not a bank account]
Replies: 160
Views: 10148

Re: Robinhood to launch 3% Checking & Savings Accounts

I just saw this as well and am 21,877 on the waiting list. I'm curious about the fine print. I don't see any reference to FDIC and in fact it says "Robinhood Checking and Savings is an added feature to existing Robinhood accounts and is not a separate account or a bank account." That's a little dis...
by aristotelian
Thu Dec 13, 2018 9:32 am
Forum: Personal Consumer Issues
Topic: Lyft driver got into an accident, but denies it
Replies: 71
Views: 5557

Re: Lyft driver got into an accident, but denies it

What exactly is the end game here? I don't understand the outrage. Why do you care about this accident at all? It sounds like you're looking for a reason to hire an ambulance chasing attorney to sue Lyft over this minor "pain." I really don't get it. I mean, you broke some ribs on your vacation and...
by aristotelian
Thu Dec 13, 2018 8:56 am
Forum: Investing - Theory, News & General
Topic: Will the 2008 recession help avoid severity of the next recession?
Replies: 39
Views: 2268

Re: Will the 2008 recession help avoid severity of the next recession?

I certainly don't feel a lot of irrational exuberance. We have already had a 10% correction even with solid unemployment and economic growth. Unless a major crisis happens, it appears to me that we would be on track for a "soft landing" rather than "burst bubble" scenario. Of course, something unant...
by aristotelian
Wed Dec 12, 2018 10:03 pm
Forum: Investing - Theory, News & General
Topic: What Happened to you during the Financial crisis of 2007–2008
Replies: 231
Views: 17745

Re: What Happened to you during the Financial crisis of 2007–2008

I was in grad school in my early 30's with about $300K invested, mostly the result of a legal settlement involving a family member. I was focused on my studies and not really following the market. I saw the consumption habits of the society around me and figured that the economy as a lot bigger than...
by aristotelian
Wed Dec 12, 2018 3:51 pm
Forum: Investing - Help with Personal Investments
Topic: Lost value in 529 savings
Replies: 23
Views: 1572

Re: Lost value in 529 savings

With college savings, you have a limited timeframe. It is probably not advisable to be 100% stocks, especially with kids on the older side. If you cannot tolerate risk of losing money, you should invest in a conservative bond fund or all-in-one fund. At this point I would probably keep the money in ...
by aristotelian
Wed Dec 12, 2018 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: Received IRS letter - be proactive or sit back?
Replies: 25
Views: 2984

Re: Received IRS letter - be proactive or sit back?

I would be proactive and contact the IRS. See what kind of documentation they need to prove that the kids are your dependents. Then determine if that's something you can do on your own or if you need to get the lawyers involved again.
by aristotelian
Wed Dec 12, 2018 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity HSA - Account Closed (Risk Department)
Replies: 20
Views: 2824

Re: Fidelity HSA - Account Closed (Risk Department)

Could it be a security concern, like too many login attempts? Will they give you a chance to open a new account or clear the issue? Never heard of someone not being allowed to open account.
by aristotelian
Wed Dec 12, 2018 10:53 am
Forum: Investing - Theory, News & General
Topic: CD vs Treasury Spread
Replies: 3
Views: 430

Re: CD vs Treasury Spread

Blueskies123 wrote:
Wed Dec 12, 2018 8:26 am
If you are with Fidelity then they show this information
I can easily determine the current spread. I am interested in seeing how the current spread compares historically.
by aristotelian
Wed Dec 12, 2018 8:07 am
Forum: Investing - Theory, News & General
Topic: CD vs Treasury Spread
Replies: 3
Views: 430

CD vs Treasury Spread

Does anyone know of a website that tracks the spread between brokered CD's and equivalent Treasuries? With the quasi-inversion, the 5 year is sitting at 2.72%, while CD's are at about 3.5%, a .78% spread. That seems like a lot for the same duration risk and credit risk. CD's would seem to be a slam ...
by aristotelian
Wed Dec 12, 2018 8:00 am
Forum: Investing - Theory, News & General
Topic: Current Drawdown Scorecard
Replies: 9
Views: 1560

Re: Current Drawdown Scorecard

What is "wait time (days)"?
by aristotelian
Tue Dec 11, 2018 9:59 pm
Forum: Personal Consumer Issues
Topic: Trip to Italy
Replies: 42
Views: 2370

Re: Trip to Italy

Also, check out WOW and Icelandair. We were able to get tickets to the UK for $400 in June.
by aristotelian
Tue Dec 11, 2018 8:53 pm
Forum: Personal Consumer Issues
Topic: Trip to Italy
Replies: 42
Views: 2370

Re: Trip to Italy

It's going to be tough to use mileage bonuses to pay for this trip, since you probably won't find one for the right airline with cheap flights to Italy, and 30,000 or even 50,000 miles probably won't be enough for an international trip. I think you are better off getting a couple of cards with decen...
by aristotelian
Tue Dec 11, 2018 8:47 pm
Forum: Personal Consumer Issues
Topic: Donate to homeless?
Replies: 84
Views: 3954

Re: Donate to homeless?

I will give the guy on the street the change in my pocket or even a dollar if he seems polite and I'm in a good mood. I will also give larger contributions to reputable nonprofits. Both/and.
by aristotelian
Tue Dec 11, 2018 8:44 pm
Forum: Personal Consumer Issues
Topic: Fax without a telephone line
Replies: 21
Views: 1956

Re: Fax without a telephone line

These days you can scan and email a PDF for just about any purpose you would have needed to Fax in the olden days.
by aristotelian
Tue Dec 11, 2018 5:16 pm
Forum: Personal Finance (Not Investing)
Topic: Home improvements and taxes
Replies: 9
Views: 945

Re: Home improvements and taxes

There is no tax on your first $250K of capital gains ($500K if you are married filing jointly). This isn't something I don't worry about.
by aristotelian
Tue Dec 11, 2018 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: "Bank Of America Cash Rewards Card Now Lets You Choose Your 3%(=5.25%) Category"
Replies: 53
Views: 5332

Re: "Bank Of America Cash Rewards Card Now Lets You Choose Your 3%(=5.25%) Category"

Cool, I just opened one of these for the bonus as a churning move. Now I may have to keep it. :D
by aristotelian
Tue Dec 11, 2018 11:11 am
Forum: Investing - Help with Personal Investments
Topic: Great Personal Loss – Guidance and Financial Questions
Replies: 36
Views: 4936

Re: Great Personal Loss – Guidance and Financial Questions

Very sorry for your loss. I can't imagine what you're going through. This is probably obvious, but do not take any lump sum distributions for 401k/IRA's. That would produce a big tax hit at your marginal rate. One thing to think about is a withdrawal/conversion strategy. After this year you will be ...
by aristotelian
Tue Dec 11, 2018 6:29 am
Forum: Investing - Help with Personal Investments
Topic: Income is greatly reduced. When would you absolutely stop 401k contributions?
Replies: 12
Views: 1550

Re: Income is greatly reduced. When would you absolutely stop 401k contributions?

I would keep maxing the 401k as long as you are on the 22% tax bracket and you have sufficient liquidity to avoid credit card debt for the foreseeable future. Do you have an emergency fund and brokerage account?
by aristotelian
Mon Dec 10, 2018 7:57 pm
Forum: Investing - Help with Personal Investments
Topic: SPIA or CD Ladder
Replies: 31
Views: 2307

Re: SPIA or CD Ladder

It takes 5 mins to go to immediateannuities.com to put in your info and see what you get. Compare that to buying 120 CDs (monthly income for 10 years) and figuring out how big each of them needs to be to give you the proper monthly income. And then searching a dozen banks to make sure you are getti...
by aristotelian
Mon Dec 10, 2018 3:18 pm
Forum: Investing - Help with Personal Investments
Topic: SPIA or CD Ladder
Replies: 31
Views: 2307

Re: SPIA or CD Ladder

Just echoing others, to me the attraction of SPIA is to provide income over your whole life as a form of longevity insurance. If you are looking to guarantee a set amount of expenses over a set period of time, it would be easier and less costly to set up a CD or bond ladder. How is it easier or les...
by aristotelian
Mon Dec 10, 2018 2:18 pm
Forum: Personal Finance (Not Investing)
Topic: How To Save More Than $100,000 A Year Pre-Tax: Open A SEP-IRA Or Solo 401k
Replies: 3
Views: 879

Re: How To Save More Than $100,000 A Year Pre-Tax: Open A SEP-IRA Or Solo 401k

You would want to be careful about the mix of plans. The IRS says the limit is aggregated across certain types of plans : 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 aggregat...
by aristotelian
Mon Dec 10, 2018 2:07 pm
Forum: Investing - Help with Personal Investments
Topic: SPIA or CD Ladder
Replies: 31
Views: 2307

Re: SPIA or CD Ladder

Just echoing others, to me the attraction of SPIA is to provide income over your whole life as a form of longevity insurance. If you are looking to guarantee a set amount of expenses over a set period of time, it would be easier and less costly to set up a CD or bond ladder.
by aristotelian
Mon Dec 10, 2018 11:42 am
Forum: Investing - Help with Personal Investments
Topic: Made an unwise investment, help solicited
Replies: 41
Views: 3514

Re: Made an unwise investment, help solicited

You sound like Bob, the world's worst market timer. https://awealthofcommonsense.com/2014/02/worlds-worst-market-timer/ I would say that investing when you did was not in itself a mistake. You bought at a reasonable price according to all known information at the time. The only mistakes were in choo...
by aristotelian
Mon Dec 10, 2018 10:24 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Wellesly Income
Replies: 45
Views: 5723

Re: Vanguard Wellesly Income

MotoTrojan wrote:
Sat Dec 08, 2018 8:47 pm
Not very tax-efficient and lacking some diversity. Maybe go 100% Well in your tax-advantaged and a similar AA Lifestrategy or similar fund in your taxable?

Also don’t expect bonds to continue as they had; they explain a lot of its performance.
+1.
by aristotelian
Sun Dec 09, 2018 5:44 pm
Forum: Investing - Help with Personal Investments
Topic: Solo 401k Advice
Replies: 17
Views: 752

Re: Solo 401k Advice

Yes, she qualifies. She could do roughly 20% of $59k. TurboTax could tell you an exact number once you have all your 1099s and deductions in hand. I believe the account needs to be opened ASAP but you would have until April 15 to co tribute. These would be coded as employer contributions since she h...
by aristotelian
Sun Dec 09, 2018 3:36 pm
Forum: Personal Consumer Issues
Topic: PC Build Suggestions
Replies: 33
Views: 2246

Re: PC Build Suggestions

OP, I would suggest posting your build to Tomshardware forums. You will get detailed feedback, like Bogleheads for your portfolio.
by aristotelian
Sun Dec 09, 2018 12:43 pm
Forum: Investing - Help with Personal Investments
Topic: 0% Long Term Capital Gain rate?
Replies: 22
Views: 2965

Re: 0% Long Term Capital Gain rate?

Was just reading the most recent AARP Bulletin and a comment about 0% long term capital gain tax rate for the first $77,200 (married/joint) caught my eye. Then I found the following article (link below). Looks like the LTCG rate was tied to the ordinary income tax rate but starting in 2018 that's n...
by aristotelian
Sun Dec 09, 2018 11:23 am
Forum: Investing - Help with Personal Investments
Topic: Tax loss harvesting, Fidelity round-trip violation
Replies: 7
Views: 660

Re: Tax loss harvesting, Fidelity round-trip violation

Sell the shares that you autopurchased along with any shares with losses. No wash sale.
by aristotelian
Sun Dec 09, 2018 11:17 am
Forum: Investing - Help with Personal Investments
Topic: Stressed/Job loss/Retirement possible?
Replies: 34
Views: 3989

Re: Stressed/Job loss/Retirement possible?

I am sure you are in shock but anyone with $3m invested and a paid off house should be absolutely fine. You will just need to keep you expenses at a safe level and invest wisely. Rather than sorry for your job loss, I should say congratulations on your retirement.
by aristotelian
Sun Dec 09, 2018 10:41 am
Forum: Investing - Help with Personal Investments
Topic: ITOT $60, VTI $134 [iShares Total US vs. Vanguard Total Market]
Replies: 16
Views: 1291

Re: ITOT $60, VTI $134

It's an arbitrary number determined by the fund when it was created. A bigger number in effect reduces the bid/ask spread but also makes it harder to purchase new shares.
by aristotelian
Sat Dec 08, 2018 7:46 pm
Forum: Investing - Theory, News & General
Topic: Do long-term bonds belong in one's portfolio?
Replies: 162
Views: 8286

Re: Do long-term bonds belong in one's portfolio?

If a very long horizon investor wants ANY bonds, they should be long term only (maybe treasuries only for re-balancing but lower yield). If not, 100% stocks. A medium horizon investor should have more diversified bonds for reduced risk. (And should definitely hold bonds). A short term investor can ...