Search found 60 matches

by yougotitdude
Mon Nov 04, 2019 8:21 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1970
Views: 328759

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

neilpilot wrote:
Sat Nov 02, 2019 9:21 am
yougotitdude wrote:
Sat Nov 02, 2019 8:04 am
For the td offer, if you elect gift cards, items or cash, are the taxes the same?

Like if you get $1,000 in items or gift cards, I'm assuming it's the same as the $1,000 cash reward?
It is the same
Thought so. Thanks!
by yougotitdude
Sat Nov 02, 2019 8:04 am
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1970
Views: 328759

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

For the td offer, if you elect gift cards, items or cash, are the taxes the same?

Like if you get $1,000 in items or gift cards, I'm assuming it's the same as the $1,000 cash reward?
by yougotitdude
Fri Jul 26, 2019 3:00 pm
Forum: Investing - Theory, News & General
Topic: My Fido retirement meeting pushing me to SMA
Replies: 90
Views: 8075

Re: My Fido retirement meeting pushing me to SMA

Reps are paid way, way more for SMAs than regular mutual funds. I want to say they earn about 3x from what a regular mutual trade would be but could be wrong on that. On top of this, they get a bonus if they get enough people in higher fee products over the course of the year. If they don't get a ce...
by yougotitdude
Wed Jul 10, 2019 8:14 am
Forum: Personal Investments
Topic: Locking in 50 to 80K to earn XXX bonus vs VTI - worth it?
Replies: 3
Views: 377

Re: Locking in 50 to 80K to earn XXX bonus vs VTI - worth it?

On average the market should earn more. You're looking at roughly a 2% annualized bonus. If you assume you'll get 2% in the bank, you're getting a total annualized return of 4%. Now, the 4% you'll owe taxes on but at least it's guaranteed and safe. The same can't be said about the market. If you inv...
by yougotitdude
Thu Jun 06, 2019 3:56 pm
Forum: Personal Consumer Issues
Topic: Costco or Sam's Club?
Replies: 134
Views: 9666

Re: Costco or Sam's Club?

Perhaps I'm in the cult, but Costco destroys Sam's. I got a virtually free membership to Sam's and never use it. I used it once when I first got it and then again to try to use a gift card but haven't been back since. We eat a lot of organic food and they had very little. The one plus was that it wa...
by yougotitdude
Thu May 23, 2019 6:02 am
Forum: Personal Investments
Topic: Price Improvement at Fidelity vs Vanguard vs Etrade
Replies: 11
Views: 957

Re: Price Improvement at Fidelity vs Vanguard vs Etrade

If you really want best execution and not selling your data to HFT, Interactive Brokers is the best:

https://www.stockbrokers.com/guides/order-execution

Fidelity's website is a lot better though.
by yougotitdude
Tue May 21, 2019 11:18 am
Forum: Personal Investments
Topic: tax efficiency of VTIAX vs VXUS
Replies: 2
Views: 514

Re: tax efficiency of VTIAX vs VXUS

thanks chip. I appreciate it!
by yougotitdude
Tue May 21, 2019 11:18 am
Forum: Personal Investments
Topic: 5.5% Load 403(b) Roth vs Low Cost Taxable Account
Replies: 81
Views: 3781

Re: 5.5% Load 403(b) Roth vs Low Cost Taxable Account

How is this even legal?

I've seen loaded funds in workplace place but usually the load is waived. If that guys is making 4% on every contribution...wow!
by yougotitdude
Sun May 19, 2019 7:09 am
Forum: Personal Investments
Topic: tax efficiency of VTIAX vs VXUS
Replies: 2
Views: 514

tax efficiency of VTIAX vs VXUS

I tried to look this up on the forum but couldn't find anything but I wouldn't be surprised if I missed it. According to Morningstar VTIAX is actually more tax efficient than it's ETF VXUS. Why is that? Am I missing something? http://performance.morningstar.com/fund/tax-analysis.action?t=VXUS®ion...
by yougotitdude
Sun May 19, 2019 6:35 am
Forum: Personal Investments
Topic: Currently with Schwab private client--and decided to get out--but what to do
Replies: 16
Views: 3139

Re: Currently with Schwab private client--and decided to get out--but what to do

Sorry for the super late reply on this but for the second advisor, they are using total return against the S&P 500 per the disclosures at the bottom. The second advisor has earned their fee. They almost met the market with quite a bit less downside. For those looking at total return, that might not ...
by yougotitdude
Thu May 02, 2019 2:37 am
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1970
Views: 328759

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Earl Lemongrab wrote:
Thu May 02, 2019 2:20 am
It's unfortunate that some people have had problems. My experience has been very positive.
I agree. Merrill Edge has been great for me.

I had TD Ameritrade for a while and couldn't wait to transfer from them. They messed up a roth conversion by roughly 4x the amount requested!
by yougotitdude
Thu Apr 25, 2019 2:36 pm
Forum: Personal Investments
Topic: Does household income limit apply to Roth IRA for kids?
Replies: 18
Views: 1185

Re: Does household income limit apply to Roth IRA for kids?

You don't think the IRS would question being paid for picking up leaves as a 5 year old?
by yougotitdude
Thu Apr 18, 2019 3:08 pm
Forum: Personal Investments
Topic: Currently with Schwab private client--and decided to get out--but what to do
Replies: 16
Views: 3139

Re: Currently with Schwab private client--and decided to get out--but what to do

For each firm, what were their respective results in 2008 and 2011? What were their maximum drawn downs during the 2007-2009 period? Not beating the S&P 500 over a 20 year period is not a big deal (especially if they averaged only about 1% or smaller annualized return difference). If they had a 5% d...
by yougotitdude
Thu Apr 18, 2019 9:55 am
Forum: Personal Investments
Topic: Locked into [American Funds] - best choices?
Replies: 14
Views: 969

Re: Locked into AF - best choices?

I've never seen a statement that shows the breakdown of an expense ratio into specific fees (the $1,200)? I'm not saying it doesn't but that seems odd. Perhaps they're showing the load you already paid? I'm assuming all of the funds are in a taxable account so here it goes: 1) Either is fine. If you...
by yougotitdude
Fri Apr 12, 2019 12:04 pm
Forum: Personal Investments
Topic: Fidelity Private Service?
Replies: 9
Views: 724

Re: Fidelity Private Service?

You'll usually have a "designated" rep. However, your rep may not normally follow up (obviously it depends on the rep) but will have their colleague follow up with you for non-sale issues. You might meet with your designated rep on the first meeting and on additional sale potential meetings (annual ...
by yougotitdude
Thu Apr 11, 2019 2:35 pm
Forum: Personal Investments
Topic: Merrill Edge Feedback
Replies: 30
Views: 2927

Re: Merrill Edge Feedback

I currently am split between Fidelity and Merrill Edge and only hold Vanguard ETFs, plus a CD. I like the benefits of the Merrill/BofA connection, checking, credit card, safe deposit box to name a few at no cost (I hold over $100M in assets at Merrill). Only complaint I have is that it is more cumb...
by yougotitdude
Wed Apr 10, 2019 8:00 pm
Forum: Personal Investments
Topic: Merrill Edge Feedback
Replies: 30
Views: 2927

Re: Merrill Edge Feedback

I currently am split between Fidelity and Merrill Edge and only hold Vanguard ETFs, plus a CD. I like the benefits of the Merrill/BofA connection, checking, credit card, safe deposit box to name a few at no cost (I hold over $100M in assets at Merrill). Only complaint I have is that it is more cumb...
by yougotitdude
Fri Apr 05, 2019 6:50 pm
Forum: Personal Investments
Topic: Ohio 529 any experience with this plan?
Replies: 23
Views: 1223

Re: Ohio 529 any experience with this plan?

The Ohio plan allows for a $4,000 deduction per beneficiary now. Isn't it that Ohio laws allows for that and really has little to do with the actual 529 plan. That is, if Ohio law didn't allow it, then the 529 plan would not allow it. Besides, if one is not a taxpayer to Ohio, they don't get anythi...
by yougotitdude
Fri Apr 05, 2019 8:29 am
Forum: Personal Investments
Topic: Ohio 529 any experience with this plan?
Replies: 23
Views: 1223

Re: Ohio 529 any experience with this plan?

The Ohio plan allows for a $4,000 deduction per beneficiary now.
by yougotitdude
Fri Mar 22, 2019 10:11 am
Forum: Personal Finance (Not Investing)
Topic: Change my locked mortgage interest rate
Replies: 12
Views: 805

Re: Change my locked mortgage interest rate

I have no opinion on waiting or not but if the choices are keep the current or take the lower rate for $600, I'd pay the $600 for the lower rate (if you're going to stay in the house for more than a year or two anyway). If you spend $600, and get $40 a month back, that's a slam dunk. It would pay fo...
by yougotitdude
Mon Mar 18, 2019 8:21 am
Forum: Personal Consumer Issues
Topic: Looking to buy snow bird house in Florida. How does it work with realtors?
Replies: 16
Views: 1832

Re: Looking to buy snow bird house in Florida. How does it work with realtors?

What does "not exactly old fashioned family values" mean? Like, are a bunch of the old dudes there dating 20 year olds or something?
by yougotitdude
Mon Mar 11, 2019 10:36 am
Forum: Investing - Theory, News & General
Topic: Finally received my settlement from Lehman Brothers - how I became a Boglehead
Replies: 20
Views: 4092

Re: Finally received my settlement from Lehman Brothers - how I became a Boglehead

I'm just curious and you certainly don't have to answer, but we all here about how much money these guys make. So what's the real number between the agency and prop trader? So the senior guys got paid in a combination of cash, stock, and options. Also, sometimes they had contracts that could claim ...
by yougotitdude
Mon Mar 11, 2019 9:34 am
Forum: Investing - Theory, News & General
Topic: Finally received my settlement from Lehman Brothers - how I became a Boglehead
Replies: 20
Views: 4092

Re: Finally received my settlement from Lehman Brothers - how I became a Boglehead

I'm just curious and you certainly don't have to answer, but we all here about how much money these guys make. So what's the real number between the agency and prop trader?
by yougotitdude
Mon Mar 04, 2019 9:16 am
Forum: Personal Investments
Topic: Vanguard Personal Advisor Services
Replies: 40
Views: 6736

Re: Vanguard Personal Advisor Services

Pros 3) Yes, that's what they're supposed to do so anyway 4) They probably know more about the emotional side. I doubt they know much more about the future of the economy in any meaningful sense. cons 1) The cost as a percentage stays the same (until you get to the $5 million+ I believe). It's signi...
by yougotitdude
Sat Mar 02, 2019 11:04 am
Forum: Personal Investments
Topic: Tax-managed funds for ACA subsidies or Roth IRA Conversion Ladder
Replies: 15
Views: 1390

Re: Tax-managed funds for ACA subsidies or Roth IRA Conversion Ladder

How did you get $5 million at 34 on a $600,000+ income? Even if you've been making as soon as you graduated college, $5 million is still impressive.
by yougotitdude
Fri Feb 22, 2019 6:28 pm
Forum: Personal Investments
Topic: Beware of the Edward Jones neighborly visit.
Replies: 89
Views: 9349

Re: Beware of the Edward Jones neighborly visit.

I'd be very, very, very surprised if she's being charged a load and AUM advisory fee. I have never seen that. Why? They're not going to babysit her money for the next twenty years for free? OP pointed out what the fine print in the literature said. Also, I look at the literature which also reports ...
by yougotitdude
Fri Feb 22, 2019 10:14 am
Forum: Personal Investments
Topic: Beware of the Edward Jones neighborly visit.
Replies: 89
Views: 9349

Re: Beware of the Edward Jones neighborly visit.

I'd be very, very, very surprised if she's being charged a load and AUM advisory fee. I have never seen that.
by yougotitdude
Thu Feb 14, 2019 9:41 am
Forum: Personal Investments
Topic: Fidelity Strategic Advisor Portfolio Management
Replies: 25
Views: 4377

Re: Fidelity Strategic Advisor Portfolio Management

Look at your allocation vs a lifecycle fund (either Fidelity or Vanguard). In almost 100% of the cases, the lifecycle fund will beat the managed account.
by yougotitdude
Fri Feb 08, 2019 8:33 am
Forum: Personal Investments
Topic: Merrill Edge or Fidelity
Replies: 42
Views: 3658

Re: Merrill Edge or Fidelity

I use Fidelity and Merrill Edge. I'll have to say that Fidelity's interface and technology are a little better. The platforms are actually more similar than most other firms (I've used TD Ameritrade, Etrade and Interactive Brokers). I currently use Merrill Edge, Fidelity and Interactive Brokers. If ...
by yougotitdude
Mon Feb 04, 2019 2:21 pm
Forum: Personal Investments
Topic: Can you rollover only the Roth part of your 401k?
Replies: 13
Views: 648

Re: Can you rollover only the Roth part of your 401k?

thanks, O2.

Yeah, I figured I could but I don't think the plan allows it unless the funds are in the brokeragelink account. When rolling over it doesn't recognize those assets.
by yougotitdude
Mon Feb 04, 2019 2:11 pm
Forum: Personal Investments
Topic: Can you rollover only the Roth part of your 401k?
Replies: 13
Views: 648

Re: Can you rollover only the Roth part of your 401k?

Klang,

A) The plan does not support after-tax 401k from my understanding
B) It also does not support in-service rollovers (I no longer work there which is why I'm looking to rollover)


Thanks all for all the additional insights.
by yougotitdude
Mon Feb 04, 2019 1:41 pm
Forum: Personal Investments
Topic: Can you rollover only the Roth part of your 401k?
Replies: 13
Views: 648

Re: Can you rollover only the Roth part of your 401k?

Is there any legal requirement that you can't rollover just roth (whether the plan allows it or not)? For the elective deferral, the plan allowed to contribute the maximum but the company matched it with pretax dollars. So my contributions are in the Roth section and matching or profit sharing is in...
by yougotitdude
Mon Feb 04, 2019 10:22 am
Forum: Personal Investments
Topic: Can you rollover only the Roth part of your 401k?
Replies: 13
Views: 648

Can you rollover only the Roth part of your 401k?

I have a 401k with Fidelity. Every year I contribute to a traditional IRA and convert to a Roth. I'd like to rollover the Roth piece of my 401k (this is actual Roth money and not after tax funds) but keep the traditional money in my 401k so that I'm not subject to the pro rata rule on conversions. M...
by yougotitdude
Tue Jan 29, 2019 9:20 am
Forum: Personal Investments
Topic: Finally thinking about making the switch from Vanguard to Fidelity
Replies: 50
Views: 8104

Re: Finally thinking about making the switch from Vanguard to Fidelity

You're going from a 85% stock 15% bond mix (Vanguard Target Retirement 2040) that automatically gets more conservative to one that is 100% stock until you change it. You're also duplicating efforts with the 3 domestic funds.
by yougotitdude
Thu Jan 17, 2019 4:55 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1970
Views: 328759

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

ally was horrible for me. It took many, many chats for them to credit a bonus last year. Totally not worth it.
by yougotitdude
Wed Nov 21, 2018 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: At a crossroad
Replies: 7
Views: 1811

Re: At a crossroad

I'm torn on this but from a different angle. My spouse is in academic medicine. She would more than double her income and work less if she took a job in a small town that's not terribly far from us. She really likes the academic side though. I'd love if she took the small town job because it would g...
by yougotitdude
Mon Aug 27, 2018 5:28 pm
Forum: Personal Investments
Topic: IJS significantly beat DFSVX
Replies: 16
Views: 1229

Re: IJS significantly beat DFSVX

On morningstar, if you start with IJS and compare it to DFSVX from inception, IJS kills it.

If you start with DFSVX and compare, DFSVX actually beats IJS by a little. Is the first not including capital gains whereas in the second it does?
by yougotitdude
Mon Aug 27, 2018 9:43 am
Forum: Personal Consumer Issues
Topic: Planning for an Indian wedding In NY/ NH area.
Replies: 96
Views: 6288

Re: Planning for an Indian wedding In NY/ NH area.

My wife is indian and her parents covered ours. It was an great experience but I'd hate to see the bill. Indians throw crazy, expensive weddings. I've heard several stories for them to be over $100,000 or more. Her parents took care of pretty much everything. We just showed up. I know that's not sup...
by yougotitdude
Fri Aug 10, 2018 2:17 pm
Forum: Personal Investments
Topic: Roth Conversion and Social Security Taxation
Replies: 6
Views: 817

Re: Roth Conversion and Social Security Taxation

thanks all for everything! I really liked the taxcaster especially! ;)
by yougotitdude
Fri Aug 10, 2018 6:18 am
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1970
Views: 328759

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Thanks guys. The rep implied that it was lifetime for the $2,500. He said one offer per year per account registration. I
by yougotitdude
Thu Aug 09, 2018 1:29 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1970
Views: 328759

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

I just spoke with a rep from Merrill Edge. He said the maximum anyone can get is $2,500 (unless it's over $5 million) per account owner across all accounts. Is that right? Anyone gotten more?
by yougotitdude
Tue Aug 07, 2018 1:39 pm
Forum: Personal Investments
Topic: Roth Conversion and Social Security Taxation
Replies: 6
Views: 817

Roth Conversion and Social Security Taxation

Hey all, I found this and it's been quite helpful but still want to make sure I have a good understanding: https://www.bogleheads.org/wiki/Taxation_of_Social_Security_benefits It gives a chart and says this: "Married taxpayers: If you are a married couple and receive $40,000 in Social Security benef...
by yougotitdude
Wed Jul 25, 2018 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: Apply for Waiver of 10% Federal Penalty before 59 1/2
Replies: 4
Views: 769

Re: Apply for Waiver of 10% Federal Penalty before 59 1/2

are you sure you need to turn 56 by the end of that year (or maybe I misunderstood)? https://www.thebalance.com/what-is-the-rule-of-55-2894280 According to this article it says "The IRS Rule of 55 allows an employee who is laid off, fired, or who quits a job between the ages of 55 and 59 1/2 to pull...
by yougotitdude
Sun Jul 15, 2018 11:03 am
Forum: Personal Investments
Topic: Fidelity Go vs. 3-fund portfolio vs FXIFX vs FSTVX
Replies: 5
Views: 1035

Re: Fidelity Go vs. 3-fund portfolio vs FXIFX vs FSTVX

1) Fidelity Go is a decent option (and will probably do better than the current managed account since fees are lower). 2) The only issue with this is that it's up to you to re-balance (not hard but a lot of folks won't do it). The allocations would be similar to PAS or Fidelity Go. 3) This is a fine...
by yougotitdude
Wed Jul 11, 2018 6:40 am
Forum: Personal Investments
Topic: Fidelity Funds .004% Management Fee Each Year
Replies: 9
Views: 1314

Re: Fidelity Funds .004% Management Fee Each Year

What about these? https://www.ishares.com/us/strategies/bond-etfs/build-better-bond-ladders The expense ratio is .18%. They have munis every year until 2024. Also, at one time, Fidelity would build you a bond ladder for free if you talk to their fixed income department. I'd imagine they still do but...
by yougotitdude
Tue Jul 10, 2018 10:20 am
Forum: Personal Finance (Not Investing)
Topic: Taken advantage of.
Replies: 7
Views: 1494

Re: Taken advantage of.

How would you prove that they were untruthful? Do you know, for sure, they have a fiduciary responsibility?
by yougotitdude
Sun Jul 08, 2018 5:09 pm
Forum: Investing - Theory, News & General
Topic: How did Druckenmiller achieve a positive return in 2008?
Replies: 14
Views: 1988

Re: How did Druckenmiller achieve a positive return in 2008?

How sure are you guys he never had a down year? It depends on what counts: https://www.nytimes.com/2000/04/29/business/worldbusiness/soros-shuffles-management-as-big-funds-struggle.html Also, it looks like he was down about 5% for the year when he shut down his fund. If you shut down every time you ...
by yougotitdude
Tue Jul 03, 2018 12:20 pm
Forum: Investing - Theory, News & General
Topic: PurePoint...nice gesture
Replies: 6
Views: 1019

Re: PurePoint...nice gesture

I got that too a while ago. The tea is actually really good stuff.
by yougotitdude
Mon Jul 02, 2018 10:35 am
Forum: Investing - Theory, News & General
Topic: Fidelity portfolio advisory services
Replies: 39
Views: 10109

Re: Fidelity portfolio advisory services

Larrry, you can get the historical returns if you ask. They're on a model so they have them. Have them give you the historical returns against the benchmark (they have a benchmark with the same allocation).