Search found 59 matches

by beehappy
Fri Oct 20, 2017 8:40 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2270
Views: 394570

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: 2270
Views: 394570

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: 2270
Views: 394570

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: 2270
Views: 394570

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: Investing - Help with Personal Investments
Topic: Alternative to Vanguard PAS (dreadful service)
Replies: 16
Views: 1517

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: Investing - Help with Personal Investments
Topic: Vanguard Giving Less in Dividends than Competitors?
Replies: 13
Views: 2042

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: 2270
Views: 394570

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: 2270
Views: 394570

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: Investing - Help with Personal Investments
Topic: How to move a portfolio out of a traditional advisor service?
Replies: 18
Views: 1039

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: 15
Views: 957

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: Investing - Help with Personal Investments
Topic: admiral shares or investor shares?
Replies: 24
Views: 2933

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: Investing - Help with Personal Investments
Topic: admiral shares or investor shares?
Replies: 24
Views: 2933

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: Investing - Help with Personal Investments
Topic: How to move a portfolio out of a traditional advisor service?
Replies: 18
Views: 1039

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: Investing - Help with Personal Investments
Topic: admiral shares or investor shares?
Replies: 24
Views: 2933

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: 15
Views: 957

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: 2270
Views: 394570

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: 2270
Views: 394570

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: 2270
Views: 394570

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: 2518

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: 13743

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: 1423

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: 18
Views: 2326

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: Investing - Help with Personal Investments
Topic: 529 help
Replies: 22
Views: 1225

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: Investing - Help with Personal Investments
Topic: 529 help
Replies: 22
Views: 1225

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: 57
Views: 4011

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: Investing - Help with Personal Investments
Topic: 529 help
Replies: 22
Views: 1225

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: Investing - Help with Personal Investments
Topic: How to price backdoor roth availability?
Replies: 12
Views: 538

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 ...
by beehappy
Fri Oct 06, 2017 5:59 pm
Forum: Investing - Help with Personal Investments
Topic: Transferring Account from ML to Vanguard
Replies: 12
Views: 704

Re: Transferring Account from ML to Vanguard

Hi all, long time lurker and first time poster here. I have a taxable investment account that I inherited from my grandfather at Merrill Lynch that I would like to move to Vanguard and reallocate to a more balanced portfolio. I have gone as far as contacting Vanguard and finding out that all of the...
by beehappy
Fri Oct 06, 2017 10:31 am
Forum: Personal Finance (Not Investing)
Topic: Student Debt Advice
Replies: 17
Views: 1205

Re: Student Debt Advice

So I'm just out of school and I'm setting up my student loan repayment plan.. I've been doing a lot of research and trying to figure out my best options but I wanted to get some opinions. https://imgur.com/a/Bpgtz This is a summary of my different loans separated by the different servicers. The fir...
by beehappy
Thu Oct 05, 2017 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: New job offer
Replies: 17
Views: 1356

Re: New job offer

Earl Lemongrab wrote:
Thu Oct 05, 2017 2:48 pm
I'm sure company policies differ. At mine, attending a meeting as a representative of the company while not working there yet would be unlikely.
Why would he need to attend as a representative? Couldn't he simply attend as a guest/visitor of the company?
by beehappy
Wed Oct 04, 2017 2:26 pm
Forum: Investing - Help with Personal Investments
Topic: How much should an 18 year old keep in bonds?
Replies: 28
Views: 1394

Re: How much should an 18 year old keep in bonds?

Here is my current portfolio - I'm maxing out my Roth IRA using the VLXVX fund (2065 TD fund). Congratulations on an excellent start, and on an excellent choice in the VLXVX fund (target retirement 2065). As you've noted, that fund has 10% of the asset allocation in bonds. I would stick with this f...
by beehappy
Wed Oct 04, 2017 1:57 pm
Forum: Investing - Help with Personal Investments
Topic: How much should an 18 year old keep in bonds?
Replies: 28
Views: 1394

Re: How much should an 18 year old keep in bonds?

https://i.imgur.com/XK5Fpxj.png Here is my current portfolio - I'm maxing out my Roth IRA using the VLXVX fund (2065 TD fund). Someone told me at my age, I should get rid of the bonds and instead buy "Vanguard Total Stock Market Index Fund Investor Shares" and "Vanguard Total International Stock In...
by beehappy
Mon Oct 02, 2017 7:48 pm
Forum: Investing - Help with Personal Investments
Topic: Minimizing income in taxable account
Replies: 13
Views: 1449

Re: Minimizing income in taxable account

As my taxable account grows, so do the dividends, which are obviously taxable. Much of my portfolio is in VTI. I also have international funds VEU and VSS. (I am limiting my purchase of bonds right now because I'm aggressively paying off 5% student loan debt.) Right now the account is valued at abo...
by beehappy
Fri Sep 29, 2017 5:25 am
Forum: Personal Finance (Not Investing)
Topic: Tax saving strategies for DINKs
Replies: 47
Views: 3795

Re: Tax saving strategies for DINKs

Fwiw, and I sense you were joking about this, kids are definitely a net cost, especially for dual high earners in a HCOL area. I think we will spend right around $100k on ours this year. I definitely miss the financial aspects of being dinks... +1 for this. I think we get only about $1200 childcare...
by beehappy
Thu Sep 28, 2017 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: Tax saving strategies for DINKs
Replies: 47
Views: 3795

Re: Tax saving strategies for DINKs

We are a DINKs who live in the downtown area of a major city. We are both W-2 employees. We rent. We will be in the highest federal income tax bracket this year. When you add our high local income tax rate, our marginal rate will be fairly close to 50%. We will also pay AMT. If you pay AMT, your ma...
by beehappy
Thu Sep 28, 2017 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Tax saving strategies for DINKs
Replies: 47
Views: 3795

Re: Tax saving strategies for DINKs

Don't use any interest bearing savings accounts at all. That means that your Schedule B should have no items on the top half. Your income is high enough and your taxable accounts bloated enough that you don't need savings earning 1% to 2% and taxed at 50%. This doesn't make much sense as a tax-savi...
by beehappy
Thu Sep 28, 2017 7:42 am
Forum: Investing - Help with Personal Investments
Topic: We need help! Individual stock portfolio getting out of hand.
Replies: 23
Views: 1889

Re: We need help! Individual stock portfolio getting out of hand.

The good news is that most of your accumulation years are still ahead of you, and it sounds like you and your spouse are great savers. So you'll do pretty well even if you simply trim down your individual stock positions and start directing all new $$ to low-cost index funds. You can start by haltin...
by beehappy
Thu Sep 28, 2017 7:20 am
Forum: Investing - Help with Personal Investments
Topic: How to leave Morgan Stanley?
Replies: 5
Views: 671

Re: How to leave Morgan Stanley?

You can call up any big mutual fund company or discount broker to initiate the transfer. It is relatively simple. If you are willing to go with ETF, you can do with a discount broker with the most transfer bonus. If you ask them, they are also willing to pay for the closing fee. For info about tran...
by beehappy
Fri Sep 22, 2017 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: Large Mortgage
Replies: 24
Views: 2336

Re: Large Mortgage

I would take the 7/1 ARM. In fact, that's what I did in a similar position about 10 years ago. Then refinanced once to further lower the rate. Mortgage is now paid off. You got lucky, though. There is no guarantee that interest rates will stay flat. In fact, they are starting to creep up. If I had ...
by beehappy
Fri Sep 22, 2017 1:53 pm
Forum: Investing - Theory, News & General
Topic: I-Bonds?
Replies: 32
Views: 3535

Re: I-Bonds?

I've been meaning to ask. Does it bother anybody that I-bonds are guaranteed to have a negative real return due to the eventual taxes that must be paid on the interest unless we have deflation so bad that 0% is a positive real return. On the other hand, TIPS funds purchased in a tax-protected accou...
by beehappy
Thu Sep 21, 2017 8:12 am
Forum: Personal Finance (Not Investing)
Topic: Realtor to buy home?
Replies: 36
Views: 2919

Re: Realtor to buy home?

My son is looking to buy a home and I'm just wondering if it's beneficial to work with a Realtor when buying? I do see the value working with a Realtor when selling but unsure when buying. With site's like Trulia and Zillow it's very easy to look for homes. Any help would be appreciated. Depending ...
by beehappy
Thu Sep 21, 2017 8:08 am
Forum: Personal Finance (Not Investing)
Topic: MA Resident -- Should we move 529s from Vanguard to MA Fidelity Plan?
Replies: 7
Views: 433

Re: MA Resident -- Should we move 529s from Vanguard to MA Fidelity Plan?

mgensler wrote:
Wed Sep 20, 2017 7:23 pm
We moved our 529 plans from TIAA which handles KY to the Fidelity plan earlier this year. We looked at Vanguard as well. We've been happy with the Fidelity plan.
That's really good to know. I'm not seeing a downside to making the move.
by beehappy
Thu Sep 21, 2017 8:06 am
Forum: Personal Finance (Not Investing)
Topic: Large Mortgage
Replies: 24
Views: 2336

Re: Large Mortgage

I would take the ARM. The concern is if interest rates balloon after 7 years. But your ARM rates are capped, interest rates don't balloon in a vacuum, so if they did, it means we have strong economy, and your investments should be doing well. Make sure you'll have the liquidity in 7 years to cover t...
by beehappy
Wed Sep 20, 2017 7:18 pm
Forum: Personal Finance (Not Investing)
Topic: MA Resident -- Should we move 529s from Vanguard to MA Fidelity Plan?
Replies: 7
Views: 433

Re: MA Resident -- Should we move 529s from Vanguard to MA Fidelity Plan?

You can leave the Vanguard plan where it is and open a Fidelity one and put in just the $2k to get the $50 tax deduction. Something else I've done is funded mine through my Fidelity Visa since the reward needs to go to a Fidelity account to achieve the full 2%. I considered this, but I'm not sure w...
by beehappy
Wed Sep 20, 2017 7:00 pm
Forum: Personal Finance (Not Investing)
Topic: MA Resident -- Should we move 529s from Vanguard to MA Fidelity Plan?
Replies: 7
Views: 433

Re: MA Resident -- Should we move 529s from Vanguard to MA Fidelity Plan?

I just gave the MA plan a quick look and it looks very resonable. Are there any maximums to how much is deductible per year in MA? If you "super-fund" it your could exceed your maximum deductable amount. A quick google search gave me this: Effective January 1, 2017 through the 2021 tax year, contri...
by beehappy
Wed Sep 20, 2017 5:15 pm
Forum: Personal Finance (Not Investing)
Topic: MA Resident -- Should we move 529s from Vanguard to MA Fidelity Plan?
Replies: 7
Views: 433

MA Resident -- Should we move 529s from Vanguard to MA Fidelity Plan?

We live in MA. We set up (Nevada) Vanguard 529's for our 2 kids earlier this year based on the advice of our financial planner (free through work EAP). He mentioned that MA offers a state tax deduction. But the MA state plan is not great, and that Vanguard's Nevada plan is better, even though we'd f...
by beehappy
Tue Sep 19, 2017 5:10 pm
Forum: Investing - Help with Personal Investments
Topic: Scottrade pain coming...
Replies: 17
Views: 2655

Re: Scottrade pain coming...

For the past 2 years we've had all 5 of our accounts with Scottrade. I normally have very few transactions, but coincidentally I'm now in the process of a significant allocation change to lower my equity:bond ratio. The reallocation across all accounts involves 23 transactions, 10 mutual funds and ...
by beehappy
Tue Sep 19, 2017 3:29 pm
Forum: Investing - Help with Personal Investments
Topic: Scottrade pain coming...
Replies: 17
Views: 2655

Re: Scottrade pain coming...

Maybe look into Merrill Edge. Nice bonus, free trades with Preferred Rewards or certain minimums, $20 transaction for non-NTF, and free morningstar reports. Not sure if they can accept those funds you named though. But I totally feel your pain.
by beehappy
Mon Sep 18, 2017 6:31 pm
Forum: Personal Finance (Not Investing)
Topic: Home Equity Disproportionate to Investments
Replies: 18
Views: 1666

Re: Home Equity Disproportionate to Investments

Hi everyone, We have a good but challenging problem. We were fortunate to buy a home in the "right" HCOL area a handful of years back. Now, our home equity is rather disproportionate to our liquid investments as a % of net worth. We're a fair bit away from retiring (15-20 years) and aren't interest...
by beehappy
Sun Sep 17, 2017 7:50 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 581
Views: 92099

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Here's a link for a new $1000 Merrill Edge offer. Note that it says "This limited time offer is valid only for Money Show attendees". They have had similar offers in the past where some people (who had not attended the event) had no trouble signing up online with the offer code, but others reported...