Search found 82 matches

by beehappy
Wed Sep 18, 2019 7:45 am
Forum: Personal Finance (Not Investing)
Topic: Moving for better public schools?
Replies: 64
Views: 5170

Re: Moving for better public schools?

I hope your assessment of your local public school went beyond the greatschool rating of “6”. We live in a school district that’s consistently ranked amongst the best in our state and nationally. Our local elementary is ranked a “6” while most of the others around us are ranked “8”. As parents, we w...
by beehappy
Wed Jan 16, 2019 8:53 pm
Forum: Personal Investments
Topic: 37% marginal tax rate --> does Roth 401k make sense?
Replies: 33
Views: 2358

Re: 37% marginal tax rate --> does Roth 401k make sense?

Caveat: I assumed your pension was $80k per year in today's dollars, and increased annually with inflation. If that isn't true, your real-inflation adjusted value of your future pension income will be less, and your total income,could fall back down from 33% bracket to 28% bracket. That's correct. ...
by beehappy
Wed Jan 16, 2019 6:41 pm
Forum: Personal Investments
Topic: 37% marginal tax rate --> does Roth 401k make sense?
Replies: 33
Views: 2358

Re: 37% marginal tax rate --> does Roth 401k make sense?

They have in tax deferred (excluding Roths): $500k. Assume over 20 years that amount doubles to $1M. Something slightly higher than 3% real rate of return. $62K additional savings per year (assume traditional) times 20 years =$1.2M. We will say that increases to $1.8M real. $1M+$1.8M = $2.8M in tra...
by beehappy
Wed Jan 16, 2019 3:11 pm
Forum: Personal Investments
Topic: 37% marginal tax rate --> does Roth 401k make sense?
Replies: 33
Views: 2358

Re: 37% marginal tax rate --> does Roth 401k make sense?

Thanks for all your comments so far. Just to clarify, the $62,500 of tax-protected space is all 401k - including traditional pre-tax 401(k) ($24,500 minimum) and flexible pre-tax or Roth 401(k) for the remainder. So this is separate from any taxable contributions we'd make. Our current state tax rat...
by beehappy
Wed Jan 16, 2019 12:13 pm
Forum: Personal Investments
Topic: 37% marginal tax rate --> does Roth 401k make sense?
Replies: 33
Views: 2358

37% marginal tax rate --> does Roth 401k make sense?

For the first time in our lives, our combined income will put DH and I in the highest federal tax bracket. I always I assumed we'd stick to pre-tax 401(k) under these circumstances, but now we're not so sure, because we also now have more tax protected space to work with. Between our 401K and Roth I...
by beehappy
Wed Nov 21, 2018 8:01 pm
Forum: Personal Finance (Not Investing)
Topic: HSA contribution limit question
Replies: 11
Views: 1550

Re: HSA contribution limit question

Your combined limit for both of you is $6,900 for the whole year. You could have put it all into either HSA or in any combination of the two accounts, but the sum cannot exceed $6,900 for 2018 ($7,000 for 2019). Even though your husband had self-only coverage for 10 months, you had family HDHP cove...
by beehappy
Wed Nov 21, 2018 6:45 pm
Forum: Personal Finance (Not Investing)
Topic: HSA contribution limit question
Replies: 11
Views: 1550

HSA contribution limit question

My spouse and I both work and have 2 kids. From Jan through October, we were both on HDHPs. Both kids were on my plan, and he had an individual plan. In November, I got promoted to partner (no more employer subsidies on health plan) and he switched jobs. As a result, the entire family (me + kids) is...
by beehappy
Wed Nov 21, 2018 4:29 am
Forum: Personal Finance (Not Investing)
Topic: Weigh in on our Marital Argument =)-- HCOL edition
Replies: 110
Views: 13726

Re: Weigh in on our Marital Argument =)-- HCOL edition

OP, I'm also from a culture where putting family, especially your parents, in a hotel would be a cardinal sin. So I fully respect your position that hotel is not an option. If you think you can get the $1.7mil house without a strain on your marriage (given your husband's aversion to debt), and witho...
by beehappy
Tue Nov 20, 2018 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: Am I buying too much house??! What kind of mortgage?
Replies: 33
Views: 6948

Re: Am I buying too much house??! What kind of mortgage?

As another high earning professional female, I encourage you to go for it. I bought a condo in my 20s when I was single and lived in it for 9 years until I got married and bought a townhome with DH. I kept the condo and rented it out for a few years before finally letting go. But I LOVED putting do...
by beehappy
Sun Nov 19, 2017 5:33 am
Forum: Personal Consumer Issues
Topic: Bank of America Premium Rewards card
Replies: 13
Views: 3170

Re: Bank of America Premium Rewards card

My experience with ME was very smooth. Only hiccup was my on-board advisor didn't tell ME that I couldn't trade with money from a newly linked account for 7 days after linking. As a result, the cash I moved to ME after linking that account, using electronic transfer, sat in cash for 7 business days ...
by beehappy
Wed Nov 15, 2017 2:48 pm
Forum: Personal Investments
Topic: sell fidelity index mutual fund and replace with etf index for tax benefit?
Replies: 21
Views: 3151

Re: sell fidelity index mutual fund and replace with etf index for tax benefit?

Would Fidelity permit an exchange to ITOT like Vanguard does? That'd address the tax issue if permitted.
by beehappy
Sun Nov 12, 2017 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: Request for Promotion letter to Senior Management
Replies: 155
Views: 17046

Re: Request for Promotion letter to Senior Management

So promotions are frozen, but they managed to add two new managers in your department, and you weren't one of them? Are you not qualified to be a manager? What do you think a positive review gets you?
by beehappy
Sun Nov 12, 2017 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: Personal letters to the sellers of your house can work!!!
Replies: 74
Views: 10066

Re: Personal letters to the sellers of your house can work!!!

We attached a letter to our offer for our current home. It was then, and still is, a seller's market. There were 4 other offers. We kept all our contingencies. We weren't the highest offer. Sellers came back and said they really liked our letter, and would rather sell to us if we could bridge some o...
by beehappy
Mon Nov 06, 2017 2:51 pm
Forum: Personal Investments
Topic: Vanguard or Merrill Lynch
Replies: 20
Views: 5489

Re: Vanguard or Merrill Lynch

Thank you both for the insight. It is in a taxable account so that is where it gets sticky. Is it worth transferring it to take the 20% capital gains hit? Or just stick to the 0.5%. Hopefully I can transfer in kind. I will ask Vanguard to see how this can work. This may be a false choice. You may b...
by beehappy
Mon Nov 06, 2017 2:49 pm
Forum: Personal Investments
Topic: Vanguard or Merrill Lynch
Replies: 20
Views: 5489

Re: Vanguard or Merrill Lynch

I'm a big fan of Merrill Edge. The Preferred Rewards is great, free trades and credit card boosts. Unfortunately you can't get a transfer bonus if coming from Merrill Lynch. He might be able to still get the bonus if Merrill Edge is facing bonus vs move to somewhere else. But even without the bonus...
by beehappy
Tue Oct 31, 2017 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4103
Views: 772853

Re: What's Your Credit Card Rewards Strategy?

Thanks for all the helpful responses to my prior question. I have another one: thinking of getting Delta platinum card which comes with 10k qualifying miles to help me make the next Skymiles level. Delta says that miles are credited 6-8 weeks after minimum spend. If I want the MQMs to be counted as...
by beehappy
Tue Oct 31, 2017 4:14 am
Forum: Personal Finance (Not Investing)
Topic: Will we be house poor in Boston? Help us to set a budget limit
Replies: 36
Views: 3907

Re: Will we be house poor in Boston? Help us to set a budget limit

OP, your monthly expense estimate seems way off. I'm reading that as you spend $5k in rent and $1850 In childcare. If that's correct, then your total monthly spend can't be $7050 as that only leaves $200/month for everything else. Even if the $5k included childcare, you still only have $2k/month to ...
by beehappy
Tue Oct 31, 2017 3:59 am
Forum: Personal Investments
Topic: Buying Vanguard ETF's VTI and VXUS
Replies: 61
Views: 7225

Re: Buying Vanguard ETF's VTI and VXUS

This thread has me thinking about reading threads a while back, with one member mentioning they wouldn't bother buying with much less 7k per lot. It makes me wonder what the average lot size is for a Boglehead. The question regarding $80 in money market per month, why not just buy an extra share of...
by beehappy
Sun Oct 29, 2017 1:39 pm
Forum: Personal Finance (Not Investing)
Topic: Request for Promotion letter to Senior Management
Replies: 155
Views: 17046

Re: Request for Promotion letter to Senior Management

... I am surprised about the - find a better offer and threaten to quit now responses, considering one of my main responsibilities is to ensure my mom has a comfortable remaining life and the fact that the flexibility in my current position affords me that capability. I will report back on my final...
by beehappy
Thu Oct 26, 2017 10:28 am
Forum: Personal Consumer Issues
Topic: Credit card companies forgiving debt after death?
Replies: 48
Views: 6672

Re: Credit card companies forgiving debt after death?

I'm a bit confused. Credit card debt is unsecured debt. They cannot seize assets if not paid. So what's the upside to paying an unsecured debt of a dead person? Honest question.
by beehappy
Tue Oct 24, 2017 7:18 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1918
Views: 315386

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

If you open a new Merill Edge account, is it normal/common to get any targeted offers for opening a BoA account too ? I know that BoA typically has targeted $100/$300 bonuses for new checking accounts, and I figure that if I'm opening a BoA account with a ME account, might as well get a targeted bo...
by beehappy
Tue Oct 24, 2017 2:19 pm
Forum: Personal Investments
Topic: Confused About 401(k) Rollover as HCE with Backdoor Roth
Replies: 13
Views: 1383

Re: Confused About 401(k) Rollover as HCE with Backdoor Roth

Thank you all for the responses so far! You'd probably be better off leaving it in the 401(k), especially if the plan will be improving. Will you have a new job with a 401(k) or similar? Yes, the new employer offers a 401(k) plan, although the options aren't great. My main concern is what happens t...
by beehappy
Mon Oct 23, 2017 4:49 pm
Forum: Investing - Theory, News & General
Topic: Fellow TDA bogleheads [TDA dropping Vanguard ETFs from commission-free list]
Replies: 566
Views: 75277

Re: Fellow TDA bogleheads [TDA dropping Vanguard ETFs from commission-free list]

I'm surprised there's not more talk of people migrating to Merrill Edge. For a $100k at Merrill, you're treated like royalty. I get 100 free trades a month. That's more than enough for all my trading needs, be the vanguard ETFs or something else. I don't have to make any of these trade offs between ...
by beehappy
Fri Oct 20, 2017 8:40 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4103
Views: 772853

Re: What's Your Credit Card Rewards Strategy?

Thanks for all the helpful responses to my prior question. I have another one: thinking of getting Delta platinum card which comes with 10k qualifying miles to help me make the next Skymiles level. Delta says that miles are credited 6-8 weeks after minimum spend. If I want the MQMs to be counted as...
by beehappy
Thu Oct 19, 2017 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4103
Views: 772853

Re: What's Your Credit Card Rewards Strategy?

Thanks for all the helpful responses to my prior question. I have another one: thinking of getting Delta platinum card which comes with 10k qualifying miles to help me make the next Skymiles level. Delta says that miles are credited 6-8 weeks after minimum spend. If I want the MQMs to be counted as ...
by beehappy
Wed Oct 18, 2017 11:06 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4103
Views: 772853

Re: What's Your Credit Card Rewards Strategy?

I need help figuring out if I should ask Fidelity to lower my credit limit. I applied for their 2% cash back card about 2 weeks ago, and the approval finally came through and it's for $50k. I have no need for that high a limit, and am s bit concerned that it'd lock up my credit and mess with me get...
by beehappy
Wed Oct 18, 2017 10:33 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4103
Views: 772853

Re: What's Your Credit Card Rewards Strategy?

I need help figuring out if I should ask Fidelity to lower my credit limit. I applied for their 2% cash back card about 2 weeks ago, and the approval finally came through and it's for $50k. I have no need for that high a limit, and am s bit concerned that it'd lock up my credit and mess with me gett...
by beehappy
Tue Oct 17, 2017 8:03 am
Forum: Personal Investments
Topic: Alternative to Vanguard PAS (dreadful service)
Replies: 16
Views: 2498

Re: Alternative to Vanguard PAS

Very scary that Vanguard PAS was so bad. I have recommended that to a bunch of people who have no financial clue. Hope it works better for them. It appears that Vanguard PAS is not for those who require personal service. There are many others who provide more personal service for higher fees. After...
by beehappy
Mon Oct 16, 2017 8:59 pm
Forum: Personal Investments
Topic: Vanguard Giving Less in Dividends than Competitors?
Replies: 13
Views: 2706

Re: Vanguard Giving Less in Dividends than Competitors?

I recently started my first full-time job after college and enrolled in the company 401k. The plan is distributed by UBS. There are a couple different plan options but the one I chose has UBS automatically invest the money for me based on my risk tolerance. I can also have them change my allocation...
by beehappy
Sat Oct 14, 2017 4:49 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4103
Views: 772853

Re: What's Your Credit Card Rewards Strategy?

Anybody know if spouse, who hasn't applied for cards but is authorized user on mine, is affected by my 5/24 count?
by beehappy
Sat Oct 14, 2017 4:46 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4103
Views: 772853

Re: What's Your Credit Card Rewards Strategy?

https://thepointsguy.com/2017/09/new-no-fee-united-card/ Other benefits of the United TravelBank Card include 25% back as a statement credit on food and beverage purchases on board United flights, auto rental coverage and trip cancellation/interruption insurance. There are also no foreign transacti...
by beehappy
Thu Oct 12, 2017 8:58 am
Forum: Personal Investments
Topic: How to move a portfolio out of a traditional advisor service?
Replies: 18
Views: 1553

Re: How to move a portfolio out of a traditional advisor service?

OP is in the driver's seat with that amount, the Fido/Schwab/TDA's will be drooling to help you transfer from Ameriprise for free. You don't have to jump right into your self managed portfolio right off the bat, but a simple three fund I predict is what you end up doing. One thing you don't want to...
by beehappy
Thu Oct 12, 2017 8:57 am
Forum: Personal Finance (Not Investing)
Topic: Which BoA Credit Card to use?
Replies: 24
Views: 2631

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 ...
by beehappy
Thu Oct 12, 2017 7:43 am
Forum: Personal Investments
Topic: admiral shares or investor shares?
Replies: 24
Views: 3984

Re: admiral shares or investor shares?

The automatic monthly additions are only accomplished in Robo accounts for ETF's (which has a $50K minimum at Vanguard and charges .3% fee). To avoid those fees, monthly automatic investments would gather in your brokerage cash account, and then you would choose when to do the automatic DCA investm...
by beehappy
Thu Oct 12, 2017 6:51 am
Forum: Personal Investments
Topic: admiral shares or investor shares?
Replies: 24
Views: 3984

Re: admiral shares or investor shares?

I would stick with the TF until you have significant amounts in taxable and deferred to purchase admiral shares in a tax efficient manner. Except that by then, he'd also have cap gains taxes to worry about, not small ER differences. OP, my advice is to start as you intend to go. Using a 3 or 4-fund...
by beehappy
Thu Oct 12, 2017 4:52 am
Forum: Personal Investments
Topic: How to move a portfolio out of a traditional advisor service?
Replies: 18
Views: 1553

Re: How to move a portfolio out of a traditional advisor service?

Thank you all for the replies and encouragement. This has been very helpful to me and my wife. I think I will reach out to Schwab, Vanguard, and also a fee-only advisor and see what they would offer to do. @goingup is definitely right -- I certainly think Ameriprise has made our portfolio overcompl...
by beehappy
Thu Oct 12, 2017 4:31 am
Forum: Personal Investments
Topic: admiral shares or investor shares?
Replies: 24
Views: 3984

Re: admiral shares or investor shares?

I would stick with the TF until you have significant amounts in taxable and deferred to purchase admiral shares in a tax efficient manner. Except that by then, he'd also have cap gains taxes to worry about, not small ER differences. OP, my advice is to start as you intend to go. Using a 3 or 4-fund...
by beehappy
Wed Oct 11, 2017 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: Which BoA Credit Card to use?
Replies: 24
Views: 2631

Re: Which BoA Credit Card to use?

If you're in the top Platinum Honors BoA rewards level and want to maximize cash back, should you use BoA Cash Rewards or Travel Rewards Visa? I use both cards. Cash rewards for groceries and gas, then Travel Rewards for everything except Amazon, for which I use the Amazon Signature for 5% back. I'...
by beehappy
Wed Oct 11, 2017 7:00 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4103
Views: 772853

Re: What's Your Credit Card Rewards Strategy?

Any suggestions for a no-fee mileage card that'll help me keep my United miles from expiring? I've had a mileageplus card with an annual fee for years, but I don't fly much anymore and so it's not worth the $95 in fees. I want to cancel the card, but keep my miles from expiring. For my everyday spe...
by beehappy
Tue Oct 10, 2017 10:04 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4103
Views: 772853

Re: What's Your Credit Card Rewards Strategy?

https://thepointsguy.com/2017/09/new-no-fee-united-card/ Other benefits of the United TravelBank Card include 25% back as a statement credit on food and beverage purchases on board United flights, auto rental coverage and trip cancellation/interruption insurance. There are also no foreign transacti...
by beehappy
Tue Oct 10, 2017 9:48 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4103
Views: 772853

Re: What's Your Credit Card Rewards Strategy?

Any suggestions for a no-fee mileage card that'll help me keep my United miles from expiring? I've had a mileageplus card with an annual fee for years, but I don't fly much anymore and so it's not worth the $95 in fees. I want to cancel the card, but keep my miles from expiring. For my everyday spen...
by beehappy
Tue Oct 10, 2017 10:52 am
Forum: Personal Finance (Not Investing)
Topic: Health Care for 2018, Curious About Other's Increases
Replies: 21
Views: 3665

Re: Health Care for 2018, Curious About Other's Increases

My wife and I are on separate insurance. We did this because her grandfathered health insurance included maternity coverage and the insurance I got through work doesn't offer that coverage. Since we were planning on having a baby, we kept her on her old plan. Her deductible was $7,500, so that's ho...
by beehappy
Mon Oct 09, 2017 7:43 pm
Forum: Personal Finance (Not Investing)
Topic: [Boglehead vs Mr Money Mustache philosophies]
Replies: 203
Views: 22036

Re: [Boglehead vs Mr Money Mustache philosophies]

I would think that one would benefit tremendously from adopting from each approach. There're probably a number of young Bogleheads spending too much time finetuning asset allocation on small investments balances when they should be more focused on cutting their spending and increasing their savings ...
by beehappy
Mon Oct 09, 2017 7:35 pm
Forum: Personal Finance (Not Investing)
Topic: Combining spouses separate accounts into one joint account. Any downsides?
Replies: 19
Views: 2384

Re: Combining spouses separate accounts into one joint account. Any downsides?

Gill wrote:
Sat Oct 07, 2017 4:01 pm
You lose the right to dispose of your property by will if it is all held jointly.
Gill
1. Not necessarily a bad thing between married couples
2. I don't think this is the case if held as tenants in common.
by beehappy
Sun Oct 08, 2017 7:01 pm
Forum: Investing - Theory, News & General
Topic: New Fiduciary Rule seems to be a big disappointment
Replies: 25
Views: 4471

Re: New Fiduciary Rule seems to be a big disappointment

Money Magazine The DOL rule requires advisers and firms to act as fiduciaries, or in other words, to put investors' needs above their own. The new rule allows the sale of commission-based products as long as firms follow several steps, including acknowledging their fiduciary responsibility, providi...
by beehappy
Sun Oct 08, 2017 9:57 am
Forum: Personal Investments
Topic: 529 help
Replies: 22
Views: 1694

Re: 529 help

You'll probably overfund at that rate. How much do they currently have in their 529s? You may want to pop your numbers into a college calculator to see how they play out. Personal Capital has a nice one. Thanks, I use Personal Capital so I'll check out the calculator. I currently have 68K for the 6...
by beehappy
Sun Oct 08, 2017 9:55 am
Forum: Personal Investments
Topic: 529 help
Replies: 22
Views: 1694

Re: 529 help

Can you get the illinois state tax deduction contributing to the Utah plan? No, you can't. Per the IL 529 Bright Start site: If you live in Illinois, you also get some added state tax benefits. Contributions to your Bright Start account are tax deductible. You’ll enjoy a deduction of up to $10,000 ...
by beehappy
Sun Oct 08, 2017 7:09 am
Forum: Personal Consumer Issues
Topic: Too much house? (nervous 1st time buyer)
Replies: 61
Views: 7865

Re: Too much house? (nervous 1st time buyer)

How much are the annual property taxes on this house? HOA fees if any? Where I live, the property taxes on a 330k house could be $8,000+ per year and would sway me away from buying if I were living alone and didn't really need all that room. Property taxes around $2600/year. No HOA fees. The mortga...
by beehappy
Sat Oct 07, 2017 8:33 pm
Forum: Personal Investments
Topic: 529 help
Replies: 22
Views: 1694

Re: 529 help

I currently am married with 2 kids, 6yo and 3yo. Both have a 529 plan from Utah, but I am an IL resident. I'm trying to figure out how to further fund their 529 plans. I'm considering a partial "superfund" where I put in a lump sum of $70k into each kids account and my wife would then add $10k each...
by beehappy
Sat Oct 07, 2017 10:15 am
Forum: Personal Investments
Topic: How to price backdoor roth availability?
Replies: 12
Views: 803

Re: How to price backdoor roth availability?

Hi, I'm currently considering two different job offers (and trying to negotiate for a bit more money). If the 401k plan from one job supports backdoor roth conversions and the 401k plan for the other job doesn't, how can I price the difference? Or if it depends, what information do I need to input ...