Search found 695 matches

by Darth Xanadu
Thu Nov 07, 2019 5:31 pm
Forum: Personal Investments
Topic: How much is too much in an HSA?
Replies: 51
Views: 4213

Re: How much is too much in an HSA?

Whatever you ultimately decide to do, make sure you understand not just the tax implications of your decision but the estate-planning ramifications as well (the HSA is probably one of the worst estate planning accounts but there are ways to turn the lemons into lemonade). Indeed, this is a good poi...
by Darth Xanadu
Thu Nov 07, 2019 11:22 am
Forum: Personal Finance (Not Investing)
Topic: Lowering Roth IRA or 401k contributions first?
Replies: 7
Views: 342

Re: Lowering Roth IRA or 401k contributions first?

Sorry to hear of the circumstances you are facing. If the loss of your wife's income is going to drop you into the 12% bracket then I would first contribute to your 401k enough to get the match and then fund your Roth's followed by additional contributions to your 401k if you are able. If you are s...
by Darth Xanadu
Wed Nov 06, 2019 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity - promotion bonus
Replies: 43
Views: 6038

Re: Fidelity - promotion bonus

My approach is to take a group of my core ETF holdings that I intend to never sell and designate them as my "hot money" holding that will move at the highest bonus available after the old required account hold time expires. Dividends are transferred to bank account and basis is easy to track betwee...
by Darth Xanadu
Thu Oct 31, 2019 12:50 pm
Forum: Personal Investments
Topic: Worried I am getting addicted to individual stocks.
Replies: 113
Views: 7323

Re: Worried I am getting addicted to individual stocks.

Hi Darth, Fellow Sith Lord, here. I'll let others comment on the risk factor, but I wanted to share two thoughts that may be relevant for you. 1) 35% feels like too much. The common advice espoused here is to keep this below 5% or 10% of total portfolio. I was in a similar boat to you a few years ag...
by Darth Xanadu
Wed Oct 30, 2019 1:00 pm
Forum: Personal Investments
Topic: Chase $750 for depositing 75K
Replies: 88
Views: 13719

Re: Chase $750 for depositing 75K

For those who participated in this deal, did you schedule the branch meeting to set things up or did you just walk in? To answer my own question, I ended up just walking in and opened the Sapphire Checking account with a representative. Was in and out in 15 minutes. The rep could not assist me with...
by Darth Xanadu
Wed Oct 30, 2019 12:15 pm
Forum: Personal Investments
Topic: Please criticize my plan to save in taxable
Replies: 40
Views: 2521

Re: Please criticize my plan to save in taxable

Also, I think the Roth IRA is better than a Roth 401k due to no RMDs, and better liquidity in terms of accessing contributions.
by Darth Xanadu
Fri Oct 25, 2019 11:39 am
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 690
Views: 69763

Re: Why are you NOT buying rental properties?

I decided to just rent one instead.
by Darth Xanadu
Fri Oct 25, 2019 8:58 am
Forum: US Chapters
Topic: Master Thread for Metro Boston's Chapter
Replies: 404
Views: 121980

Re: Master Thread for Metro Boston's Chapter

Hello, I recently moved to the Boston area, does anybody have a recommendation for a tax preparer / CPA in the area? Would need help with federal and presumably 2 state returns.

Thanks!
DX
by Darth Xanadu
Thu Oct 24, 2019 2:45 pm
Forum: Personal Investments
Topic: Chase $750 for depositing 75K
Replies: 88
Views: 13719

Re: Chase $750 for depositing 75K

After reading this, I went down to my local Chase Bank to get my 1000 dollars. Geez it was so painful! I just said to set up Sapphire Checking (no fees, 25 dollar min balance) and a Uinvest account to transfer in kind 75K of mutual funds. I currently have a sizable account with Schwab and they saw ...
by Darth Xanadu
Wed Oct 16, 2019 12:33 pm
Forum: Personal Investments
Topic: I-bonds with kids
Replies: 18
Views: 1586

Re: I-bonds with kids

As co-owners, what's to stop your kids from redeeming them regardless of what you want? Not telling them about Treasury Direct...until they’re 45! Mwahahahahahaha! (Cue lightning bolts and screeching bats) See that is one of my biggest fears. That I die and no one knows that I have a Treasury Direc...
by Darth Xanadu
Mon Oct 14, 2019 2:27 pm
Forum: Personal Investments
Topic: Chase $750 for depositing 75K
Replies: 88
Views: 13719

Re: Chase $750 for depositing 75K

Other posters confirmed you cannot use retirement accounts as part of the $75K new money. Can you please share the link to the website where others are sharing their experiences? CalculatedRisk, my comment was tied to BuddyJet's post above. Not really sharing his experience but indicating you could...
by Darth Xanadu
Mon Oct 07, 2019 3:15 pm
Forum: Personal Finance (Not Investing)
Topic: Banking in Massachusetts?
Replies: 9
Views: 556

Re: Banking in Massachusetts?

Do you actually need a brick and mortar bank? I'd look for a robust online bank with ATM fee reimbursement for checking/savings I second the idea of looking for a credit union. Metro Credit Union has a decent presence in the Boston area. But anybody with reasonable ATM fee reimbursement would do. L...
by Darth Xanadu
Mon Oct 07, 2019 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: Banking in Massachusetts?
Replies: 9
Views: 556

Re: Banking in Massachusetts?

simplesimon wrote:
Mon Oct 07, 2019 2:40 pm
Which part of MA are you in? Chase started to expand aggressively in Boston.

Of the larger banks BofA, Citizens, and Santander seem to have the biggest presence in MA.
Thank you. I live in Newburyport. I'm currently working in Boston, although that may change in 2020.
by Darth Xanadu
Mon Oct 07, 2019 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: Banking in Massachusetts?
Replies: 9
Views: 556

Banking in Massachusetts?

I've had my checking account at Chase for many years, but I recently moved to Massachusetts and they don't seem to be nearly as ubiquitous as they were in my old area. Looking to possibly make a change; can any one recommend a good financial institution to set up the basics (like free checking and m...
by Darth Xanadu
Wed Sep 25, 2019 2:40 pm
Forum: Personal Investments
Topic: Merrill Lynch Advisor wants to meet for coffee
Replies: 108
Views: 9506

Re: Merrill Lynch Advisor wants to meet for coffee

Say, "Sorry pal, it's gonna take a lot more than a $3 cup of coffee to convince me to impart my financial wisdom to the likes of you."
by Darth Xanadu
Tue Sep 17, 2019 2:12 pm
Forum: Personal Investments
Topic: TD Ameritrade Money Market Options
Replies: 88
Views: 18425

Re: TD Ameritrade Money Market Options

Droptoptop wrote:
Tue Sep 17, 2019 10:41 am
Like you said, the question now is whether they continue to let us trade in and out for free.
I initiated a trade in PCOXX after market close on Monday, Sep 16th, I suppose I'll see how it executes but I'm not expecting to have to pay a fee.
by Darth Xanadu
Thu Aug 08, 2019 12:45 pm
Forum: Investing - Theory, News & General
Topic: Need help understanding Dividend and Capital Gains
Replies: 13
Views: 832

Re: Need help understanding Dividend and Capital Gains

If the company decides to pay 3$ dividend per share, you will receive 300$ for your 100 shares. And that after the distribution the share will now be worth 97$. You will now own 9700$ in shares and have 300$ cash. Then what is the advantage of receiving the dividend? Why invest in funds that have h...
by Darth Xanadu
Thu Aug 08, 2019 11:08 am
Forum: Personal Finance (Not Investing)
Topic: IL to MA: 529 approach?
Replies: 2
Views: 227

IL to MA: 529 approach?

I live in IL, but will be relocating to MA in the coming months. I have about $4,300 in my IL 529 plan. I am considering what to do with this. I think my options are: 1. Leave where it is, the plan is pretty decent (Expense Ratio is 0.12%, Index Age-Based Fund). If I do this option, I believe I can ...
by Darth Xanadu
Fri Jun 21, 2019 1:13 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 1008
Views: 136207

Re: Post your Financial Milestone Announcements Here

Today I hit the maximum for my 401k contributions; this is the earliest point in the year I've ever done so. The extra cash in my paychecks over the next 7 months will be nice! Congrats! No employer match? Yes, I get 5% of base+bonus as a match. My employer does a calculation at the end of the year...
by Darth Xanadu
Tue Jun 04, 2019 3:32 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 12340
Views: 2124352

Re: U.S. stocks in free fall

Don't take his advice literally. You'll have to sell if you want to retire. What's the point of buying an asset if you never sell it? Leave it to your kids? I am retired and have been for years. I have more than enough income with SS and an old school defined benefit plan. I brew my own coffee and ...
by Darth Xanadu
Tue Jun 04, 2019 10:32 am
Forum: Personal Investments
Topic: To Roth 401(k) or not
Replies: 20
Views: 1524

Re: To Roth 401(k) or not

One other thing to consider: if you have both pre-tax and Roth 401k balances, I believe generally you are not permitted to designate which holdings are attributed to each type. So, if asset location is important to you, know that this might add a wrinkle. For example, if you are holding all of your ...
by Darth Xanadu
Fri May 31, 2019 2:54 pm
Forum: Personal Investments
Topic: Just Got a Call From Fidelity
Replies: 55
Views: 8040

Re: Just Got a Call From Fidelity

I still get an occasional voicemail. I have never responded or called back; the frequency of these voicemails seems to be diminishing, much to my satisfaction.
by Darth Xanadu
Fri May 31, 2019 10:38 am
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 1008
Views: 136207

Re: Post your Financial Milestone Announcements Here

Today I hit the maximum for my 401k contributions; this is the earliest point in the year I've ever done so. The extra cash in my paychecks over the next 7 months will be nice!
by Darth Xanadu
Wed May 29, 2019 3:11 pm
Forum: Personal Investments
Topic: Stuck with IRA balance
Replies: 7
Views: 768

Re: Stuck with IRA balance

I agree with CAsage. Unless you can roll the balance into a 401k plan (I don't think this is commonly permitted), then, depending on the balance and your age, and the number of years you plan on utilizing the backdoor Roth IRA approach, it may make sense to simply do the conversion and pay the tax.
by Darth Xanadu
Tue May 21, 2019 10:39 am
Forum: Personal Investments
Topic: Convince me that a 529 plan is a good idea.
Replies: 42
Views: 3608

Re: Convince me that a 529 plan is a good idea.

Even though it is far off keep in mind you can contribute to a 529 and withdraw within the same year. So you could contribute, wait until the transaction cleared, then turn around and the pay the college from the contributed funds. Keep in mind, though, that the tax benefit will be limited to the c...
by Darth Xanadu
Fri May 17, 2019 3:15 pm
Forum: Personal Finance (Not Investing)
Topic: Low-income retirement year: take capital gain, Roth convert, or tIRA withdrawal?
Replies: 14
Views: 1262

Re: Low-income retirement year: take capital gain, Roth convert, or tIRA withdrawal?

I agree with this ^^^^

Unless you need the spending money. Then I'd do simple withdrawal from tax-deferred.
by Darth Xanadu
Fri May 17, 2019 1:01 pm
Forum: Personal Investments
Topic: Tricky Roth IRA Questions
Replies: 41
Views: 3773

Re: Tricky Roth IRA Questions

Thanks. This is just a non-IRR Roth 401k, where payroll deductions were directed to the Roth 401k, rather than the regular 401k. I would be rolling the Roth 401k portion into a new Fidelity Roth IRA. You may have already done so, but be sure to the the plan rules of your 401k. As far as I know, not...
by Darth Xanadu
Fri May 17, 2019 11:53 am
Forum: Personal Finance (Not Investing)
Topic: Anyone use Treasury Direct ?
Replies: 34
Views: 2195

Re: Anyone use Treasury Direct ?

sonosoldi3112 wrote:
Fri May 17, 2019 11:34 am
yES .. I use and love it .. no problems despite often reading here that some are unhappy ... works perfect with my password manager .. easy login .. easy transfers to and from my bank.
+1

Easy enough to navigate.
by Darth Xanadu
Thu May 16, 2019 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: How do Bogleheads update their 401k contributions once they are able to max?
Replies: 19
Views: 1673

Re: How do Bogleheads update their 401k contributions once they are able to max?

Contributions will automatically stop when you hit the max. If you have a match, understand whether it has a true-up. If no match, or match with true-up, you don't need to do anything. IF you have a match without a true-up, reduce as needed to make sure you only max at the end of the year and still...
by Darth Xanadu
Thu May 16, 2019 11:26 am
Forum: Personal Finance (Not Investing)
Topic: Do you reward yourself for achieving a financial goal?
Replies: 107
Views: 7197

Re: Do you reward yourself for achieving a financial goal?

mmmodem wrote:
Thu May 16, 2019 10:15 am

When we crossed 3 commas last year, I just relaxed and breathed a sigh of relief.
:shock: I should hope so!
by Darth Xanadu
Thu May 16, 2019 11:08 am
Forum: Personal Investments
Topic: Help my broker is trying to freak me out
Replies: 94
Views: 14982

Re: Help my broker is trying to freak me out

Almond wrote:
Wed May 15, 2019 3:38 pm

I have about $14, 000 in unrealized gains if I sold everything. I think most of that is long term but hard to get a straight answer.
This alone would make me want to jump ship. Inexcusable that they can't give you this information in a matter of seconds.
by Darth Xanadu
Wed May 15, 2019 1:06 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 1008
Views: 136207

Re: Post your Financial Milestone Announcements Here

Tycoon wrote:
Mon May 06, 2019 3:11 pm
Second child finished college today. No more college payments. :beer
Congrats, that must be a seismic shift to the ol' budget!
by Darth Xanadu
Tue May 07, 2019 4:23 pm
Forum: Personal Investments
Topic: IBOND Interest Rate Question?
Replies: 5
Views: 587

Re: IBOND Interest Rate Question?

I think what you are calling Bond 1 (2018 issue) is actually now at 1.9 while Bond 2 (2019 issue) is at 2.83 Did you have it reversed in your post? Yes, for Bond 2 I am seeing 1.9 That can't be right. I have a April 1, 2019 issue Series I Bond as well, and when I log into Treasury Direct it shows 2...
by Darth Xanadu
Tue May 07, 2019 3:01 pm
Forum: Personal Investments
Topic: IBOND Interest Rate Question?
Replies: 5
Views: 587

Re: IBOND Interest Rate Question?

I think what you are calling Bond 1 (2018 issue) is actually now at 1.9 while Bond 2 (2019 issue) is at 2.83

Did you have it reversed in your post?
by Darth Xanadu
Tue May 07, 2019 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: College Savings Optionality: I Bonds and 529s
Replies: 5
Views: 442

Re: College Savings Optionality: I Bonds and 529s

I’ve recently been thinking about using both 529s and I Bonds to save for college. I Bonds may be used to pay for certain college expenses and the interest is tax free, subject to income limitations. At my current income, I wouldn’t be eligible. However, if I retire, take a lower paying job, or los...
by Darth Xanadu
Tue May 07, 2019 1:56 pm
Forum: Personal Investments
Topic: I tried to fire my financial advisor of 12 years today...
Replies: 127
Views: 14627

Re: I tried to fire my financial advisor of 12 years today...

“He made a lot of arguments that were confusing and frankly over my head.” I fired my financial advisor explicitly for making things confusing and difficult to understand. In hindsight, I feel they get paid to convince you that investing is so complicated that it requires professional assistance. T...
by Darth Xanadu
Tue May 07, 2019 12:22 pm
Forum: Personal Investments
Topic: I tried to fire my financial advisor of 12 years today...
Replies: 127
Views: 14627

Re: I tried to fire my financial advisor of 12 years today...

So I tried to fire him today and it was tough. First, I read up-thread that you made the correct decision, well done. If, for some reason, you find yourself on the phone with this person again (or, for others who may be in a similar scenario), I suggest doing the following to make things easier for...
by Darth Xanadu
Mon May 06, 2019 3:14 pm
Forum: Personal Finance (Not Investing)
Topic: Lost out on 401k match for over-contributing
Replies: 49
Views: 5857

Re: Lost out on 401k match for over-contributing

Looks like I am allowed to specify a percentage of total salary for me 401k, with only one decimal point in the percent. i.e. 8.5% is good. 8.55% is not! You have to chose either 8.5 or 8.6 in the later case. My plan is to adjust twice - once in March to make sure I don't go over too soon, and agai...
by Darth Xanadu
Wed May 01, 2019 4:27 pm
Forum: Personal Investments
Topic: Ever Too Much in HSA?
Replies: 53
Views: 5455

Re: Ever Too Much in HSA?

I fully understand that an HSA passed down to a non spouse is fully taxable in the year of the death but there just aren't that many scenarios where I see that to be a huge issue. Maybe if someone saves in an HSA from ages 22-65 and pays out of pocket for health care along the way, and drops dead a...
by Darth Xanadu
Wed May 01, 2019 11:39 am
Forum: Investing - Theory, News & General
Topic: Series I Savings Bonds Buying Opportunity
Replies: 52
Views: 10284

Re: Series I Savings Bonds Buying Opportunity

The 1.90% composite rate for I bonds bought from May 2019 through October 2019 applies for the first six months after the issue date. The composite rate combines a 0.50% fixed rate of return with the 1.40% annualized rate of inflation as measured by the Consumer Price Index for all Urban Consumers ...
by Darth Xanadu
Tue Apr 30, 2019 2:39 pm
Forum: Personal Investments
Topic: Biggest Investment Mistake
Replies: 200
Views: 17175

Re: Biggest Investment Mistake

For several years, I convinced myself that Roth 401k was the way to go, due to the attractive benefit of no taxes paid upon withdrawal. I paid tax at a 25% and sometimes 28% rate on my contributions. After learning more about tax-management and income-management tactics (particularly in retirement),...
by Darth Xanadu
Tue Apr 30, 2019 10:31 am
Forum: Personal Investments
Topic: Intel sell or hold NOW sold.
Replies: 67
Views: 5458

Re: Intel sell or hold

The new CEO while an experienced CFO seems to be backtracking on the former estimates declared. Data center concerns. Backing out of 5g. Thanks for your feedback. I think the new CEO is a mistake. A company like Intel needs a CEO who understands the technical side of the business, not just a busine...
by Darth Xanadu
Tue Apr 30, 2019 10:15 am
Forum: Personal Investments
Topic: Kids Gift Money in a Vanguard Target Retirement Fund
Replies: 30
Views: 1504

Re: Kids Gift Money in a Vanguard Target Retirement Fund

Don’t these Target Retirement Funds have a rather steep minimum, like $1000 and each subsequent investment at least $25? The idea is fine, just that you may not be able to execute them at Vanguard specifically, but perhaps possible at Fidelity and Schwab. I am not really convinced that this will te...
by Darth Xanadu
Fri Apr 26, 2019 3:19 pm
Forum: Personal Finance (Not Investing)
Topic: Debt Hole Repayment
Replies: 38
Views: 4678

Re: Debt Hole Repayment

One year update! Hey all. Thank you again for the amazing advice! I have taken it to heart and gotten pretty well on track. Currently cc debt is down to just below 5k and falling (aiming to keep that around net 500 payoff per month or more). Down to one car to improve cash flow, which helped a lot....
by Darth Xanadu
Wed Apr 24, 2019 9:42 am
Forum: Personal Finance (Not Investing)
Topic: Planning for family business transition [saving, inheritance, etc]
Replies: 19
Views: 925

Re: Planning for family business transition [saving, inheritance, etc]

What would you do? Stop or reduce retirement savings? Get real clarity on the disposition of this business? Not count the bird in the bush? Pretend the business does not exist? I can't relate to your interesting situation, but my initial thought was, pretend the business doesn't exist and keep savi...
by Darth Xanadu
Tue Apr 23, 2019 11:21 pm
Forum: Personal Finance (Not Investing)
Topic: What, if anything, do I owe this guy?
Replies: 82
Views: 8683

Re: What, if anything, do I owe this guy?

Cody6136 wrote:
Tue Apr 23, 2019 4:55 pm
He kept saying, the entirety of your portfolio, waving his hand across the entire paper. Your assets, as they might come into play as we fix your situation.

"They might come into play," I repeated?

"Yes. As we fix your situation."
Ugh ... This makes me squeamish.
by Darth Xanadu
Tue Apr 23, 2019 9:50 pm
Forum: Personal Finance (Not Investing)
Topic: HSA max with mid year employer switch
Replies: 4
Views: 296

Re: HSA max with mid year employer switch

My understanding is the same as yours; however, the limits can be impacted if you were not in an HSA-eligible plan for the full 12 months of the year (sounds like you will be?).
by Darth Xanadu
Fri Apr 19, 2019 9:10 pm
Forum: Personal Investments
Topic: Ever Too Much in HSA?
Replies: 53
Views: 5455

Re: Ever Too Much in HSA?

Kywildcat wrote:
Fri Apr 19, 2019 5:34 pm
but is there ever a level that you would reconsider?
Not likely. In the event my HSA balance was enormous, it would mean my other retirement account balances were even bigger, which would mean I would quit working and start spending the HSA.
by Darth Xanadu
Fri Apr 19, 2019 2:07 pm
Forum: Personal Investments
Topic: Investing in someones YouTube channel?
Replies: 17
Views: 970

Re: Investing in someones YouTube channel?

MotoTrojan wrote:
Fri Apr 19, 2019 1:48 pm
1,000+ views an hour after posting doesn't seem like a sensation I would be screaming to put $5K into. Seems minor-league.
Maybe, just maybe, this individual has created a network of bots to watch their video, driving up views, in order to bilk $3k-$5k from people. :mrgreen:
by Darth Xanadu
Fri Apr 19, 2019 11:36 am
Forum: Personal Investments
Topic: Thinking about selling stocks near all time highs
Replies: 98
Views: 10085

Re: Thinking about selling stocks near all time highs

Stocks are usually at or near all time highs. If you sold every time that happened you'd never be in the market and never make any money. If your risk tolerance has decreased and you are uncomfortable with your current asset allocation, you should adjust, but that has nothing to do with the current...