Search found 82 matches

by baliktad
Wed Jun 10, 2020 6:46 pm
Forum: Personal Consumer Issues
Topic: Tipping why % of bill and not flat amount?
Replies: 159
Views: 9281

Re: Tipping why % of bill and not flat amount?

So who eats the cost of paying wait staff more? Is it the establishment owners or has food prices gone up and cost is passed down to the customers? In my experience, it's some combination of: - owners hiring fewer staff (more tables per server, less service per table) - higher incentive to automate...
by baliktad
Wed Jun 10, 2020 6:19 pm
Forum: Personal Consumer Issues
Topic: iPhone XR - Face ID vs. Touch ID?
Replies: 35
Views: 1571

Re: iPhone XR - Face ID vs. Touch ID?

FaceID doesn't work in bed after my contacts are out. I have no idea why, but I have never (that's right, never ) gotten it to work in bed with my contacts out. The contacts probably are not directly the issue. One suggestion: Are you holding the phone in the right position. When I first got Face I...
by baliktad
Wed Jun 10, 2020 5:59 pm
Forum: Personal Consumer Issues
Topic: Tipping why % of bill and not flat amount?
Replies: 159
Views: 9281

Re: Tipping why % of bill and not flat amount?

Horrible and illogical system, but the fact is that in the USA, the waitstaff depend on tips, rather than a decent hourly wage, to survive. WA state has the highest minimum wage ($13.50) of any state in the country, and there is no reduction here for tipped waitstaff. In the city of Seattle, the mi...
by baliktad
Sun May 24, 2020 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: self financing mortgage w/i a family
Replies: 3
Views: 319

Re: self financing mortgage w/i a family

Inter-family loans are not uncommon in situations like this. If Dad doesn't assess a minimum interest charge known as "AFR," the IRS will impute the income and charge Dad tax on the interest he should have made lending the money. So Dad should charge at least a nominal interest rate. In addition, ev...
by baliktad
Sat May 23, 2020 2:41 pm
Forum: Personal Investments
Topic: Why is my Vanguard VSTAX fund split into a a regular and (Cash) funds?
Replies: 16
Views: 3003

Re: Why is my Vanguard VSTAX fund split into a a regular and (Cash) funds?

TL;DR: You have a margin account and those "cash" shares are newly purchased, but will be switched over after 30 days. When you have a margin account, your securities are technically held in one of 2 sub-accounts: a "margin subaccount" or a "cash subaccount." You may only borrow against the securiti...
by baliktad
Wed May 20, 2020 6:06 pm
Forum: Personal Finance (Not Investing)
Topic: Fed Eliminates Reg D Transfer Limits
Replies: 12
Views: 1518

Re: Fed Eliminates Reg D Transfer Limits

This is temporary, only up to 6 months. What is temporary? The Marcus rule change, or the Fed rule change? And how temporary? If Ally doesn't match Marcus in this and it's not temporary, I'm definitely switching to Marcus. The fed rule change. It's right there in the link posted at the top of this ...
by baliktad
Mon May 18, 2020 10:31 pm
Forum: Personal Finance (Not Investing)
Topic: Fed Eliminates Reg D Transfer Limits
Replies: 12
Views: 1518

Re: Fed Eliminates Reg D Transfer Limits

I noticed on my Marcus online savings account today the following note next to the withdrawal count: Due to a change in federal law, you are now free to make more than 6 withdrawals or transfers in a month. At this time, there is no limit to the number of withdrawals or transfers you can make. They ...
by baliktad
Mon May 11, 2020 9:48 pm
Forum: Personal Finance (Not Investing)
Topic: Choosing not to correct all billing/financial errors
Replies: 68
Views: 4671

Re: Choosing not to correct all billing/financial errors

We've let some of these little glitches with the online/delivery groceries "go". It's got to be a dreadful job, and trying to substitute (with what?) or not? Hard to read minds. We've put in careful notes, although the shoppers don't always pay attention. But the last two times were outrageous. Tot...
by baliktad
Fri Jan 17, 2020 2:17 am
Forum: Personal Finance (Not Investing)
Topic: New FDIC Insurance Rules?
Replies: 5
Views: 869

Re: New FDIC Insurance Rules?

See previous discussion here: viewtopic.php?f=1&t=300810
by baliktad
Fri Jan 17, 2020 2:05 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1622
Views: 226691

Re: Fidelity as a one stop shop

Conversely, let's say you don't always spend every last cent that you earn and thus your balance increases overtime. Then, your balance eventually goes over your preset max limit and the extra funds are automatically transferred to your brokerage account. My first question... Is the preceding infor...
by baliktad
Sat Jan 04, 2020 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: Quickbooks alternative that preserves old data?
Replies: 7
Views: 949

Re: Quickbooks alternative that preserves old data?

Does an online program exist that does what we're looking for (including import old data) at a reasonable cost? Since QuickBooks is the gold standard for small business accounting software, every competitor in the space has some form of import capability. Conversion from QB is not a distinguishing ...
by baliktad
Sat Jan 04, 2020 1:29 am
Forum: Investing - Theory, News & General
Topic: Pending transfer at Fidelity and then disappeared?
Replies: 13
Views: 1407

Re: Pending transfer at Fidelity and then disappeared?

Normal and par for the course for Fidelity. External transfers go through various stages of processing and I routinely see the pending transfer go 'missing' for an hour or so in the late evening as their various systems update. The transfer status always shows up again shortly. When you initiate the...
by baliktad
Sat Jan 04, 2020 1:18 am
Forum: Personal Finance (Not Investing)
Topic: Quickbooks alternative that preserves old data?
Replies: 7
Views: 949

Re: Quickbooks alternative that preserves old data?

My wife is the new Treasurer of our neighborhood's HOA. Historically the HOA has used the desktop version of Quickbooks, but they've been thinking about switching to Quickbooks Online. (Directors like the idea of more than one person being able to login and review the figures at any time. While my ...
by baliktad
Wed Dec 11, 2019 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1622
Views: 226691

Re: Fidelity as a one stop shop

Okay, wasn't sure if Fidelity would let me buy FZROX until the the order settled. You're saying I can sell VTSAX and immediately buy FZROX? Fidelity documents the steps here: https://www.fidelity.com/webcontent/ap002390-mlo-content/18.04/help/learn_trading_mutual_funds.shtml#sellproceedsbuyanotherf...
by baliktad
Fri Nov 29, 2019 1:22 pm
Forum: Personal Investments
Topic: Vanguard vs. Fidelity
Replies: 62
Views: 5819

Re: Vanguard vs. Fidelity

The primary reason I am keeping my accounts at three different firms is because of the heirs. My beneficiaries are of very different ages, so it is simpler for me to adjust AAs for each of them at different brokerages. [...] In addition, each heir being 100% primary beneficiary on a particular acco...
by baliktad
Wed Nov 20, 2019 3:10 am
Forum: Personal Finance (Not Investing)
Topic: Rental payments electronic transfer alternatives
Replies: 14
Views: 1132

Re: Rental payments electronic transfer alternatives

My bank limits Zelle transfers to $1,000 per day, and explains that Zelle is for "everyday experiences such as paying friends or family for your share of the dinner bill or to send funds for birthday gifts." The Zelle Terms of Service also make clear it is really intended for person-to-person transf...
by baliktad
Sun Nov 10, 2019 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: What is reasonable HOA reserve?
Replies: 13
Views: 1445

Re: What is reasonable HOA reserve?

"Is there a rule of thumb for how much rice a family should have? My family wants a special shopping trip to buy rice after years of annual decisions that rice was not needed. Calorie consumption has shot up in recent years in nearby families." If you'll forgive the slightly snarky response, I hope ...
by baliktad
Fri Oct 18, 2019 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: vacation home
Replies: 21
Views: 3897

Re: vacation home

The WSJ had an article recently (within the last month) on the dilemmas of generational homes (sharing, upkeep, taxes) and gave examples of what different families did to solve. I would recommend reading it, worth a trial subscription to WSJ. Thanks for the pointer. I think I found the article you ...
by baliktad
Wed Oct 16, 2019 11:09 pm
Forum: Personal Consumer Issues
Topic: Invited to join HOA board. Pros/cons?
Replies: 58
Views: 5202

Re: Invited to join HOA board. Pros/cons?

Board member for 12 years, president for 5. Like other posters above, better to be on the board and know what's going on than to not be on the board and have the seat filled by someone clueless or worse, someone with an agenda. A HOA is a Property Management company. Not the Neighborhood Police. Not...
by baliktad
Wed Oct 16, 2019 2:08 pm
Forum: Personal Investments
Topic: Does Fidelity have a performance view?
Replies: 55
Views: 7295

Re: Does Fidelity have a performance view?

I will add I did notice the Fidelity Premium Services Icon (top right of screen) showed up the day after I called. And thank you for the explanation on the 2 month thingy, makes sense. Any chance you can share a screenshot? I didn't notice anything different on my account, but perhaps I'm not looki...
by baliktad
Wed Oct 16, 2019 1:54 pm
Forum: Personal Investments
Topic: Does Fidelity have a performance view?
Replies: 55
Views: 7295

Re: Does Fidelity have a performance view?

Well I called them up. Explained that I was missing the performance tab. Rep said she thought it was for managed accounts. I said I thought it was also for premium service clients (over $250K) and she said she'd check. She said yes and they changed the coding on my account to add the tab. She did s...
by baliktad
Sun Oct 13, 2019 4:12 am
Forum: Personal Finance (Not Investing)
Topic: Who has or Plans to Sign up for an IRS IP PIN
Replies: 14
Views: 1837

Re: Who has or Plans to Sign up for an IRS IP PIN

If I opt in for the IP PIN, and after a year or two don't like it for whatever reason, can I opt out for future years? I don't find anything that says how to opt out once I've opted in. It looks like it's a one-way street. You don't have to get one now, but if you do, you can't go back: Requesting ...
by baliktad
Tue Oct 01, 2019 11:43 pm
Forum: Personal Investments
Topic: Considering switch from Vanguard to eTrade...pros, cons and other input?
Replies: 103
Views: 9371

Re: Considering switch from Vanguard to eTrade...pros, cons and other input?

I believe Fidelity would charge $75 for purchases, but would be free for redemption, rebalance and reinvesting dividends. It may be free with a transfer in kind. Call the customer service number. They are available 24/7 and are usually very helpful. I have had Fidelity for 21 years and have been ve...
by baliktad
Tue Oct 01, 2019 9:22 pm
Forum: Investing - Theory, News & General
Topic: Charles Schwab (SCHW) Eliminating Commissions for Stocks, ETFs and Options Listed on U.S. or Canadian Exchanges
Replies: 106
Views: 11622

Re: Charles Schwab (SCHW) Eliminating Commissions for Stocks, ETFs and Options Listed on U.S. or Canadian Exchanges

I think this was inevitable and Schwab's competitors will match this move shortly. Brokerages have other revenue sources which are more significant than commissions (see https://www.kalzumeus.com/2019/6/26/how-brokerages-make-money/). Thanks for this link, this is a fascinating read that explains w...
by baliktad
Thu Sep 26, 2019 10:36 pm
Forum: Personal Finance (Not Investing)
Topic: Something like Fidelity CMA for business account
Replies: 6
Views: 668

Re: Something like Fidelity CMA for business account

Jules4 wrote:
Thu Sep 26, 2019 7:48 pm
Upon further looking, apparently having a business checking account that offers interest is a rare bird.
Depending on how much you expect to keep in the account, there are business checking accounts that pay over 1%:

https://www.depositaccounts.com/checkin ... ounts.html
by baliktad
Wed Sep 25, 2019 1:00 am
Forum: Personal Finance (Not Investing)
Topic: Something like Fidelity CMA for business account
Replies: 6
Views: 668

Re: Something like Fidelity CMA for business account

Fidelity's business account is a brokerage account similar to an individual brokerage account. It offers cash (core position FCASH, SPAXX, or FZFXX) positions and allows access to all security types (stocks, mutual funds, ETF's, CD's, etc.). It auto-liquidates money market funds to pay for purchases...
by baliktad
Sun Sep 22, 2019 7:07 pm
Forum: Personal Finance (Not Investing)
Topic: Need help opening a HELOC
Replies: 21
Views: 1732

Re: Need help opening a HELOC

If you have Third Federal Savings in your area, they have fantastic deals on HELOCs. Mine is Prime - 1.01%, no closing costs or annual fee: https://www.thirdfederal.com/ I do! I will look into them as well. Just glanced quickly, but they seem to have a $65 annual fee, which is waived for the first ...
by baliktad
Thu Aug 29, 2019 11:13 pm
Forum: Personal Finance (Not Investing)
Topic: Lender Release fees of $75 for Mortgage Payoff, Advice?
Replies: 19
Views: 1766

Re: Lender Release fees of $75 for Mortgage Payoff, Advice?

I [...] requested a payoff statement from my lender [...] I found a $75 release fee on the payoff statement From my experience, most lenders do charge a modest fee (usually $30-$90 in my area) for preparation of the payoff demand. If you pay the mortgage as agreed to its maturity, this payoff deman...
by baliktad
Thu Jul 25, 2019 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: NYT Article: Safe Deposit Boxes Aren't Safe
Replies: 96
Views: 9745

Re: NYT Article: Safe Deposit Boxes Aren't Safe

The author of this article is curently doing an AMA on Reddit here:

https://www.reddit.com/r/IAmA/comments/ ... r_the_new/
by baliktad
Fri May 10, 2019 6:39 pm
Forum: Personal Finance (Not Investing)
Topic: Title search and insurance
Replies: 14
Views: 1245

Re: Title search and insurance

You can purchase a title insurance policy covering an amount greater than the purchase price at the point of sale. This article covers 2 scenarios: planned improvements which are expected to immediately increase the value of the property, and an inflation rider allowing gradual increases over a peri...
by baliktad
Sun May 05, 2019 6:22 pm
Forum: Personal Investments
Topic: At 28, I Don't See How I Can Make Any Projections for My Retirement Amount or Age?
Replies: 83
Views: 7180

Re: At 28, I Don't See How I Can Make Any Projections for My Retirement Amount or Age?

"If you don't know where your going, any path will do." A plan is like a road map for your lifetime trip. You can make changes along the way. When you start crunching and understanding the numbers, you will have a better chance of reaching your destination. I like this perspective a lot. I also fou...
by baliktad
Fri Dec 14, 2018 4:18 am
Forum: Investing - Theory, News & General
Topic: [Robinhood to offer 3% cash management program, not a bank account]
Replies: 153
Views: 12365

Re: 3% Interest on checking and savings account - Robinhood

Also they charge a $75 fee to transfer cash to another brokerage. https://support.robinhood.com/hc/en-us/articles/360001226666-Transfer-Stocks-Out-Of-Your-Robinhood-Account The document you link to refers to transfers via ACATS. Presumably no one is going to transfer cash via ACATS unless closing t...
by baliktad
Tue Dec 04, 2018 6:54 pm
Forum: Personal Consumer Issues
Topic: Changing the By-laws of a Not-for-Profit to Incorporate Contemporary Usage
Replies: 8
Views: 649

Re: Changing the By-laws of a Not-for-Profit to Incorporate Contemporary Usage

Having also been in charge of similar organizations and from the information you provided, I agree that 1) This is a change 2) A change requires a 2/3 vote at a meeting However, I would give your governing documents another thorough review to see if representation at a meeting by written proxy is al...
by baliktad
Mon Dec 03, 2018 6:40 pm
Forum: Personal Finance (Not Investing)
Topic: Best online banking accounts?
Replies: 53
Views: 8088

Re: Best online banking accounts?

In my opinion, the best option is a Fidelity CMA account, though it's not a bona fide checking account, rather a brokerage account with checking features. Here's why I think it's the best: (...snip...) I'm struggling to think how this account could be improved. I agree with your points in that the ...
by baliktad
Sat Nov 17, 2018 5:09 am
Forum: Personal Finance (Not Investing)
Topic: Neighborhood association management software
Replies: 1
Views: 351

Re: Neighborhood association management software

How many housing units will you be managing? Do you have a budget? Nonprofit management is really a separate thing from real estate association management. We use Buildium for our small self-managed HOA. It's really designed around real estate management more than non-profit management, but for us i...
by baliktad
Fri Nov 16, 2018 2:03 pm
Forum: Investing - Theory, News & General
Topic: [Fidelity Health Savings Account Mega-Thread]
Replies: 1087
Views: 121854

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

Fidelity offers FidSafe, a digital archive solution that is intended to be long-term storage of important documents. It supports documents up to 200MB each and total of 5GB of storage.
by baliktad
Wed Oct 31, 2018 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: If you have credit monitoring do you need to freeze credit?
Replies: 41
Views: 2498

Re: If you have credit monitoring do you need to freeze credit?

If you have an alarm system, do you need to lock your front door?
by baliktad
Sat Oct 20, 2018 8:23 pm
Forum: Personal Finance (Not Investing)
Topic: Yield curve impact on mortgages
Replies: 12
Views: 1209

Re: Yield curve impact on mortgages

https://fred.stlouisfed.org/graph/fredgraph.png?g=lGbK Interactive version: https://fred.stlouisfed.org/graph/?g=lGbK Here's 30 years of historical data on 30-year rates (blue), 15-year rates (red), and the difference (green). You can see the gap was pretty small (under half a percentage point) for...
by baliktad
Thu Oct 11, 2018 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: After-tax 401(k) Contributions and W2
Replies: 4
Views: 344

Re: After-tax 401(k) Contributions and W2

No. Box 12 on your W2 will show your pre-tax contributions to a 401K as code D. Making additional after-tax contributions to your 401K is not a taxable event and so is not reported at the time you contribute. When you convert the after-tax funds to Roth, you will receive a 1099-R showing the distrib...
by baliktad
Fri Sep 21, 2018 1:28 am
Forum: Personal Consumer Issues
Topic: Housing co-op seeking to accept electronic payments
Replies: 8
Views: 672

Re: Housing co-op seeking to accept electronic payments

I am in a similar situation in a small HOA that had been accepting dozens of paper checks every month for decades. Owners kept asking for a method of electronic payment, and board members kept complaining about the non-trivial work involved in accepting paper checks. It's very easy for owners to und...
by baliktad
Wed Aug 15, 2018 1:37 am
Forum: Personal Finance (Not Investing)
Topic: Brokerage checking: Fidelity, Schwab, or Vanguard
Replies: 36
Views: 5883

Re: Brokerage checking: Fidelity, Schwab, or Vanguard

I have both Fidelity CMA and Schwab Investor Checking in my account buffet. Fidelity's offering is better. Fidelity has a loose definition of core account, so I can earn 1.83% on my money and the debits will automatically liquidate a MMF. The only advantages for Schwab that I have found is they are...
by baliktad
Wed Aug 15, 2018 1:06 am
Forum: Personal Finance (Not Investing)
Topic: Brokerage checking: Fidelity, Schwab, or Vanguard
Replies: 36
Views: 5883

Re: Brokerage checking: Fidelity, Schwab, or Vanguard

If you have enough assets to qualify for Vanguard Advantage ($500K minimum in Vanguard funds), then you will also qualify for Fidelity's Premium Services ($250K in ANY assets held at Fidelity). This means you will be eligible for ATM service fee rebates even on the normal Fidelity brokerage account....
by baliktad
Sun Aug 05, 2018 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: Consolidating Financial Accounts
Replies: 4
Views: 747

Re: Consolidating Financial Accounts

I am in a similar situation as you, wanting to simplify the number of institutions I do business with. I don't actually want too much consolidation, however, as I prefer to maintain a clear distinction and separation between banking and investing. Here's what I do: USAA for insurance. This is where ...
by baliktad
Sat Aug 04, 2018 8:13 pm
Forum: Personal Consumer Issues
Topic: iPhone MNVO compatability (Cricket, Pageplus, etc)
Replies: 11
Views: 1026

Re: iPhone MNVO compatability (Cricket, Pageplus, etc)

The fine folks at /r/nocontract have put an enormous amount of effort into compiling a mega-spreadsheet designed to assist you in comparing offerings from various MVNO's. Link to spreadsheet and discussion here: https://www.reddit.com/r/NoContract/comments/92zrm0/massive_rnocontract_comparison_chart...
by baliktad
Wed Aug 01, 2018 8:56 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for Four Fidelity ZERO℠ Funds (0.00% ER)
Replies: 814
Views: 97321

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

What's to stop other brokerages from offering the same funds? Fidelity offers Vanguard funds does it not? Vanguard only makes its lowest-cost "Admiral" share class funds available to accounts held at Vanguard itself. You can buy the slightly more expensive "Investor" class funds at other brokerages...
by baliktad
Wed Aug 01, 2018 8:42 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for Four Fidelity ZERO℠ Funds (0.00% ER)
Replies: 814
Views: 97321

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

- This Fidelity fund appears to be only available for taxable accounts. This is not correct. The prospectus indicates that these new funds are available in any "retail" account, whether taxable or tax-advantaged. Basically if you personally own the account, you can buy these funds. If your funds ar...
by baliktad
Wed Aug 01, 2018 5:12 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for Four Fidelity ZERO℠ Funds (0.00% ER)
Replies: 814
Views: 97321

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

The $7 trillion asset manager's seemingly blatant effort to capture more market share also includes cutting fees to zero across a long list of traditional revenue sources, including account service fees, transfer fees, low-balance fees and IRA closeout fees . http://www.investmentnews.com/article/2...
by baliktad
Tue Jul 31, 2018 12:52 am
Forum: Personal Finance (Not Investing)
Topic: Air Conditioning? [How to finance?]
Replies: 76
Views: 5804

Re: Air Conditioning?

We installed a new 95% furnace and 2.5Ton Bryant AC for around $10,500 in the Pacific Northwest a couple of years ago. So beyond worth it, especially yesterday when the heat was way over 90F ! I thought that was expensive but I got multiple quotes and most were $11K-$13K for either Furnace/AC or He...
by baliktad
Sat Jul 28, 2018 1:20 pm
Forum: Personal Investments
Topic: Help with after tax contributions to a 401k
Replies: 3
Views: 590

Re: Help with after tax contributions to a 401k

It doesn't seem like after-tax contributions to a 401k appear anywhere on tax forms... won't it look odd whenever I roll it over to a Roth IRA? I'm just a bit gunshy about using this since it seems like there's no great evidence of putting in the correct amount. The simple answer is that after-tax ...