Search found 81 matches

by zrail
Fri Jun 05, 2020 6:31 pm
Forum: Personal Investments
Topic: Zero Balance Accounts
Replies: 6
Views: 922

Re: Zero Balance Accounts

A zero balance account is an arrangement where your daily checking account starts at zero every day. The bank will let you cash checks, deposit funds, make debit card transactions, etc throughout the day and then at the end of the business day will sweep money to or from a linked investment or money...
by zrail
Thu Jun 04, 2020 5:05 am
Forum: Personal Finance (Not Investing)
Topic: Mistakeningly listing home on the wrong MLS
Replies: 5
Views: 1368

Re: Mistakeningly listing home on the wrong MLS

Some buyers may miss your listing if their agent is only sending them listings from one MLS, that’s true. I googled a bit and saw that Metro and BAREIS have some kind of days sharing partnership. My understanding is that is somewhat common. Savvy buyers are going to be doing their own searching on t...
by zrail
Tue Jun 02, 2020 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: Mistakeningly listing home on the wrong MLS
Replies: 5
Views: 1368

Re: Mistakeningly listing home on the wrong MLS

At this point, no matter what MLS it’s on it’ll get picked you by Zillow, Redfin, Trulia, Realtor.com, etc. People shop at aggregators now. The only people who care about the specific MLS are realtors.
by zrail
Thu May 28, 2020 8:57 am
Forum: Personal Investments
Topic: If not 3 fund, whats your strategy ?
Replies: 66
Views: 4403

Re: If not 3 fund, whats your strategy ?

What's your strategy been and what are your gains or lessons learned over your investing timeframe? :moneybag FFNOX (Fidelity Four in One Index) everywhere. My returns have been average since moving to a one fund portfolio, except for behavioral errors that I sometimes still make despite myself.
by zrail
Tue May 26, 2020 10:40 am
Forum: Personal Finance (Not Investing)
Topic: 1:1 salary and stock jobs?
Replies: 80
Views: 5563

Re: 1:1 salary and stock jobs?

Technically the basis on your vesting shares is zero, and you have to immediately pay STCG tax on the entire vest amount. After that you can do whatever you’d like with the shares. Hmm, are you sure that's true? It certainly isn't for the RSUs at my tech company. Your basis is whatever price the sh...
by zrail
Tue Mar 24, 2020 7:41 am
Forum: US Chapters
Topic: [Archived] Bogleheads community discussion - Coronavirus
Replies: 4963
Views: 195187

Re: Bogleheads community discussion - Coronavirus

NY fatality rate is .8%, probably much lower as not everyone is tested. The overwhelmingly majority are older people. When all is said and done, the panic and fear will have been overblown..JMHO. Almost by definition, if the people responding to an epidemic have done their jobs correctly then their...
by zrail
Sun Mar 22, 2020 6:37 pm
Forum: Investing - Theory, News & General
Topic: Are current recession's comparisons to Great Depression doomer tier, accurate or understated?
Replies: 112
Views: 9170

Re: Are current recession's comparisons to Great Depression doomer tier, accurate or understated?

Lockdown likely until June. https://www.usnews.com/news/us/articles/2020-03-22/us-coronavirus-lockdown-to-last-10-12-weeks-top-trump-official-says I really don't see how we avoid a depression. What's the technical difference between a bad recession and a depression? Serious question. I don't know. ...
by zrail
Sun Mar 22, 2020 1:14 pm
Forum: Investing - Theory, News & General
Topic: Good reminder for the need to have Emergency Fund
Replies: 12
Views: 1965

Re: Good reminder for the need to have Emergency Fund

On the topic of emergency funds. We currently have about six months of cash. I have a good job at a fintech company. I’m fairly confident in my company’s ability to make it through this but it’s definitely more than zero risk that it doesn’t. We have a zero balance HELOC that, if fully drawn, would ...
by zrail
Tue Mar 17, 2020 5:29 pm
Forum: Personal Investments
Topic: Safety of Money Market Funds Currently
Replies: 149
Views: 12170

Re: Safety of Money Market Funds Currently

Not sure if this has been addressed yet. What happens if the market is closed when it would normally be open and I need to redeem from my core account? Does it just not happen?
by zrail
Sat Feb 22, 2020 8:06 am
Forum: Personal Finance (Not Investing)
Topic: How quickly did you receive your 2019 tax refund?
Replies: 111
Views: 8542

Re: How quickly did you receive your 2019 tax refund?

The last few years my refunds have been huge because job changes have led to large social security over withholding. Those late refunds take a long time to process for whatever reason.
by zrail
Fri Feb 21, 2020 3:34 pm
Forum: Personal Consumer Issues
Topic: How frequently do you change passwords, NOT what password manager do you use
Replies: 66
Views: 3566

Re: How frequently do you change passwords, NOT what password manager do you use

I generate passwords and security question answers with 1Password. I change passwords only if forced by the application or if 1Password’s watchtower feature tells me a given site has been breached.
by zrail
Fri Feb 07, 2020 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: Downside to using Cash Back credit cards
Replies: 40
Views: 5093

Re: Downside to using Cash Back credit cards

It's really not an issue. Next month or two your score will rebound. Credit scores are all about the long game. Example: I maxed out 2 of my cards at the same time once.* My score quickly rebounded and increases were even offered. *This was a one time thing, my house had flooded with no flood insur...
by zrail
Sun Feb 02, 2020 6:28 pm
Forum: Personal Finance (Not Investing)
Topic: Creative Ways to use Fidelity CMA?
Replies: 15
Views: 1720

Re: Creative Ways to use Fidelity CMA?

It may be easier to have one account after all. I like Schwab or Fidelity because I travel internationally quite a bit so it’s nice to be able to get cash with no fee. Not so "creative", but I (and others) have a separate CMA account, w/out overdraft protection, specifically for ATM access. For fol...
by zrail
Sun Jan 12, 2020 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: IRS 2020 W4 withholding: new calculation method, new form
Replies: 82
Views: 6986

Re: IRS 2020 W4 withholding: new calculation method, new form

If you want to know exactly how your employer calculates your withholding for a given W-4 IRS pub 15-T has a worksheet on page 5.

https://www.irs.gov/pub/irs-pdf/p15t.pdf
by zrail
Sun Dec 22, 2019 12:42 pm
Forum: Personal Finance (Not Investing)
Topic: Which [health insurance plan to choose?]
Replies: 12
Views: 1001

Re: Which [health insurance plan to choose?]

btenny wrote:
Sun Dec 22, 2019 12:13 pm
Did you look into the plans for lifetime maximum pay by the insurance company? Most plans have a number like $1M or $500K or similar.

Good Luck....
Lifetime and annual maximums have been banned for almost a decade. The ban phased in starting 6 months after ACA was signed into law.
by zrail
Tue Dec 17, 2019 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: How to “file” a Sole Proprietorship?
Replies: 14
Views: 584

Re: How to “file” a Sole Proprietorship?

A Qualified Joint Venture is basically a sole proprietorship where both spouses materially participate and where they file a joint return. To "elect" QJV, both spouses file a separate Schedule C and Schedule SE with their joint 1040. Typically each spouse will include half of the income and half of ...
by zrail
Thu Oct 31, 2019 8:02 am
Forum: Personal Finance (Not Investing)
Topic: HDHP or THP
Replies: 5
Views: 633

Re: HDHP or THP

One thing to keep in mind with these decisions is network availability for smaller providers like mental health and physical therapy. Typically they only accept one or two insurers. If you need to go to one of these your tax savings can evaporate due to the separate higher out of network deductible.
by zrail
Sun Aug 18, 2019 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1622
Views: 226737

Re: Fidelity Cash Management Account - Investments

Can the Fidelity CMA be linked to a Vanguard account? If I have a money market, such as Vanguard Prime, then can use that as overdraft protection for Fidelity? Is the transfer fast enough to avoid an overdraft? Could I set a low upper limit so that extra money coming in gets automatically transferr...
by zrail
Tue Aug 13, 2019 10:38 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1622
Views: 226737

Re: Fidelity as a one stop shop

with interest rates dropping and SPRXX now yielding 1.95%, where are people parking their cash funds into for their brokerage accounts and CMA (not asking about the admiral $100k investment mins), TIA! My plan hasn’t changed based on a 10 bps rate drop. Everything is still in our brokerage core (FZ...
by zrail
Mon Jul 08, 2019 9:36 am
Forum: Personal Investments
Topic: Vanguard LifeStrategy vs 3 fund portfolio
Replies: 10
Views: 1563

Re: Vanguard LifeStrategy vs 3 fund portfolio

We use what is effectively Fidelity’s LifeStrategy fund in all of our accounts. I know myself and I know my wife. I have a tendency to worry and tinker and commit behavioral errors. When we had all individual stocks, or even ETFs, I would check the market many times a day and be overly concerned and...
by zrail
Fri Jul 05, 2019 8:23 am
Forum: Personal Investments
Topic: Consolidating to Fidelity
Replies: 30
Views: 3348

Re: Consolidating to Fidelity

I moved to Fidelity (from Wells Fargo and Scottrade) and love it. Their website is great and their apps for iOS are great. That said, you should understand their business model. Fidelity (and TD Ameritrade) "have no choice but to charge you $75 to trade mutual funds from cheap companies like Vangua...
by zrail
Thu Jul 04, 2019 7:08 am
Forum: Personal Investments
Topic: Do Target Date Retirement Funds Have a Down Side?
Replies: 29
Views: 3591

Re: Do Target Date Retirement Funds Have a Down Side?

My main concern is that companies can't help but tinker with these funds. Vanguard is no exception, they keep changing the composition of their funds, most notably adding international bonds. Now that may be a good idea, but I don't really want my fund to change through the years based on the whims...
by zrail
Thu Jul 04, 2019 6:43 am
Forum: Personal Investments
Topic: Do Target Date Retirement Funds Have a Down Side?
Replies: 29
Views: 3591

Re: Do Target Date Retirement Funds Have a Down Side?

When making withdrawals you cannot specify where you want take it from...stocks vs. bonds. Is there a fund that when you make a withdrawal it sell the the underlying shares that are doing better? Example if equities are down it sells from the bond side. I think that it’s rare that a large and growi...
by zrail
Wed Jul 03, 2019 4:50 am
Forum: Personal Investments
Topic: Do Target Date Retirement Funds Have a Down Side?
Replies: 29
Views: 3591

Re: Do Target Date Retirement Funds Have a Down Side?

they have poor performance... FFFFX 2040 TD has 2001-19 CAGR of 4.98%... an 90/10 S&P500/Total Bond returned 6.5% in that same period. If an active fund can't beat a simple 2 fund then what is the point? If you look at FFFFX it has all sorts of esoteric junk in there so I figured the "experts" know...
by zrail
Mon Jul 01, 2019 7:07 am
Forum: Investing - Theory, News & General
Topic: So the year is officially half over
Replies: 32
Views: 3679

Re: So the year is officially half over

We’re in the process of putting some serious money into our house. We’re adding a bedroom and replacing the deck, as well as adding some moderately fancy window treatments. As for investments, I’m starting a new job and need to figure out a new 401k and RSUs, but since it’s a pre-IPO company the lat...
by zrail
Sun Jun 30, 2019 6:56 pm
Forum: Personal Investments
Topic: Fidelity Freedom Index Funds Vs. 3 Fund Portfolio
Replies: 10
Views: 1075

Re: Fidelity Freedom Index Funds Vs. 3 Fund Portfolio

Hey Everyone, Quick question... I have been looking at the Fidelity Freedom Index targeted retirement funds and was trying to decide whether to invest in those funds vs a 3 fund portfolio. Expense ratio for the targeted date retirement fund is 0.12%. Can someone tell me the pro/cons of using a sing...
by zrail
Sun Jun 30, 2019 3:43 pm
Forum: Personal Investments
Topic: Recommended Vanguard Fund(s) for Taxable Investments
Replies: 26
Views: 2823

Re: Recommended Vanguard Fund(s) for Taxable Investments

The other problem with Tax-Managed Balanced Fund is that it locks you into its asset allocation. If you hold Tax-Managed Capital Appreciation and Intermediate-Term Tax-Exempt separately, you get essentially the same portfolio, but if you want to sell bonds in order to hold fewer bonds, or a differe...
by zrail
Wed Jun 19, 2019 3:22 pm
Forum: Personal Consumer Issues
Topic: Single cup coffee/espresso options, 2019
Replies: 91
Views: 7605

Re: Single cup coffee/espresso options, 2019

I just got the least expensive original-line Nespresso after throwing out yet another almost full bag of stale beans that I was grinding and using in my aeropress. I’m now a huge fan. They have a reasonable selection of coffees, including official Starbucks capsules if that’s your thing (I think the...
by zrail
Fri Jun 14, 2019 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: Checks without my account number
Replies: 39
Views: 4651

Re: Checks without my account number

That’s simply not how the check clearing system in the United States works. To clear a check you need the routing number, account number, and a check number. Your bank’s bill pay service is functionally similar, unless you find yourself in situations where you need to physically hand someone a chec...
by zrail
Thu Jun 13, 2019 11:34 am
Forum: Personal Investments
Topic: Left MegaCorp, Disadvantages to Rolling 401K & Pension to Self-Directed Solo 401K?
Replies: 28
Views: 2153

Re: Left MegaCorp, Disadvantages to Rolling 401K & Pension to Self-Directed Solo 401K?

All of this is making me strongly consider winding down my solo 401k (documents from mysolo401k.net). I don’t foresee contributing to it at any point in the next 5-10 years and I just have a single fund in it right now. My next employer’s 401k has a brokerage window so maybe I’ll just roll it all in...
by zrail
Sun Jun 09, 2019 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: Checks without my account number
Replies: 39
Views: 4651

Re: Checks without my account number

That’s simply not how the check clearing system in the United States works. To clear a check you need the routing number, account number, and a check number. Your bank’s bill pay service is functionally similar, unless you find yourself in situations where you need to physically hand someone a check...
by zrail
Thu Jun 06, 2019 8:54 am
Forum: Personal Investments
Topic: Can S-Corp offer HSA without offering health insurance
Replies: 21
Views: 1382

Re: Can S-Corp offer HSA without offering health insurance

The only time an HRA was used by an S-Corp owner was if their spouse was employed by the S-Corp and a family plan health insurance policy was provided for the spouse which also covered the S-Corp owner. The ACA changed the landscape for HRAs and in 2017 Congress/IRS started QSEHRAs for small busine...
by zrail
Thu Jun 06, 2019 6:16 am
Forum: Personal Finance (Not Investing)
Topic: Form 5500EZ
Replies: 9
Views: 623

Re: Form 5500EZ

The only time you would need to terminate a one-participant 401k is if the business sponsor ceases to exist. A disregarded single member LLC and sole proprietor generally exist from inception until death. I have never heard of the IRS requiring such a business entity to terminate a one-participant ...
by zrail
Thu Jun 06, 2019 5:31 am
Forum: Personal Investments
Topic: Can S-Corp offer HSA without offering health insurance
Replies: 21
Views: 1382

Re: Can S-Corp offer HSA without offering health insurance

A one-owner S Corp can also offer an HRA, which lets you pay for all non-premium health care expenses entirely pre-tax. You don’t accrue money in these plans but you can use it in conjunction with your spouse’s HSA. They contribute the max to the HSA pre-tax and your business reimburses for out of ...
by zrail
Wed Jun 05, 2019 9:26 am
Forum: Personal Investments
Topic: Can S-Corp offer HSA without offering health insurance
Replies: 21
Views: 1382

Re: Can S-Corp offer HSA without offering health insurance

A one-owner S Corp can also offer an HRA, which lets you pay for all non-premium health care expenses entirely pre-tax. You don’t accrue money in these plans but you can use it in conjunction with your spouse’s HSA. They contribute the max to the HSA pre-tax and your business reimburses for out of p...
by zrail
Sun Jun 02, 2019 12:56 am
Forum: Personal Finance (Not Investing)
Topic: For those who earn $500k+ per year. How'd you do that?
Replies: 369
Views: 42643

Re: For those who earn $500k+ per year. How'd you do that?

Wife makes ~500k at a mega law firm (market bonuses move it around a bit). She did it by going to a top college and a top law school and working all the time. 100 hour weeks pretty regularly. She's a workaholic. I followed the same path and bowed out before partnership and now make ~150k as a publi...
by zrail
Sun May 26, 2019 6:41 pm
Forum: Personal Consumer Issues
Topic: Best bassinet
Replies: 25
Views: 1575

Re: Best bassinet

This is my favorite topic lately! Rent the SNOO. You will not regret it. We rented it for our second and it’s been incredible. She’s been sleeping through the night (at least 4 hour stretches) since 2 months old and does almost 9 hours almost every night now at 6 months. You can keep them in it unti...
by zrail
Thu May 23, 2019 6:01 am
Forum: Investing - Theory, News & General
Topic: "A Set-It-and-Forget-It Target-Date Series From Vanguard"
Replies: 120
Views: 14942

Re: "A Set-It-and-Forget-It Target-Date Series From Vanguard"

And if you want an asset allocation that remains constant, the Vanguard Life Strategy.series of funds offer a nicely-diversified portfolio in a single low-cost fund that rebalancs automatically. Does anybody know if Fidelity has the equivalent of VG's Lifestrategy funds? Or, can VG's Lifestrategy f...
by zrail
Tue Apr 23, 2019 9:36 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1622
Views: 226737

Re: Fidelity as a one stop shop

Another option is to open joint CMA account, so you end up with 3 CMA accounts - yours, joint, and hers. In your profile settings, you add her account so you can see it when you are logged in. Then, you transfer money from yours to joint (instant), and from joint to hers (instant as well). When she...
by zrail
Mon Apr 22, 2019 7:14 am
Forum: Personal Finance (Not Investing)
Topic: Rolling a Solo 401k into another
Replies: 1
Views: 155

Re: Rolling a Solo 401k into another

Typically all the businesses you own 100% are considered a “controlled group”. A controlled group can only have a single 401k plan for the whole group. As owner you have one combined $55k limit for the group. You should just have your plan provided change the name of the sponsor to your other company.
by zrail
Sun Apr 14, 2019 5:48 pm
Forum: Investing - Theory, News & General
Topic: Why no 199A deduction for Total Stock REITs?
Replies: 2
Views: 470

Re: Why no 199A deduction for Total Stock REITs?

According to the wiki VTSAX is 1.72% REITs. I’m guessing that the per-share number for those dividends rounds to $0 so they just don’t bother.
by zrail
Sat Apr 13, 2019 8:55 am
Forum: Personal Investments
Topic: Is the disaster scenario for stocks a reason not to invest or pull out of the market?
Replies: 94
Views: 7891

Re: Is the disaster scenario for stocks a reason not to invest or pull out of the market?

I think people have a tendency to generalize based on extremely rare events like the Great Depression and Great Recession. They see these terrible events that are talked about all the time and assume they happen all the time and ignore the fact that things like that just don’t happen very often. The...
by zrail
Wed Mar 27, 2019 10:00 am
Forum: Personal Finance (Not Investing)
Topic: Help Try to Get Fidelity to Offer Online Contributions to Solo 401(k) Plans
Replies: 14
Views: 1127

Re: Help Try to Get Fidelity to Offer Online Contributions to Solo 401(k) Plans

The alternative is to pay someone for plan documents and just open as many Fidelity Investment-Only accounts as you want. I personally use MySolo401K but there are a bunch of options out there. I have separate investment-only accounts for traditional, Roth, and after-tax non-Roth for both me and my ...
by zrail
Tue Mar 05, 2019 11:48 am
Forum: Investing - Theory, News & General
Topic: Vanguard is Discontinuing their VanguardAdvantage Accounts
Replies: 631
Views: 69541

Re: Vanguard is Discontinuing their VanguardAdvantage Accounts

The Fidelity CMA is a taxable brokerage account with a FDIC insured core position and a few other niceties. You can purchase any funds, equities, bonds, Treasuries, CDs, etc that you want. If you purchase a money market fund in the CMA Fidelity treats that as “available cash” and will automatically ...
by zrail
Sat Mar 02, 2019 9:31 am
Forum: Investing - Theory, News & General
Topic: Vanguard is Discontinuing their VanguardAdvantage Accounts
Replies: 631
Views: 69541

Re: Vanguard is Discontinuing their VanguardAdvantage Accounts

A Fidelity CMA is an ordinary brokerage account with an FDIC-insured core position and debit card refunds. That’s it. Fidelity will automatically sell money market positions within a brokerage account (any brokerage account) to satisfy purchases or withdrawals. This means that you can purchase a mon...
by zrail
Wed Feb 20, 2019 5:03 pm
Forum: Investing - Theory, News & General
Topic: "Repurchase Agreements" in Vanguard Federal MM Fund
Replies: 10
Views: 1178

Re: "Repurchase Agreements" in Vanguard Federal MM Fund

Fidelity’s treasury only money market fund has no minimum. Just saying :)
by zrail
Mon Feb 18, 2019 7:28 pm
Forum: Personal Finance (Not Investing)
Topic: Joining finances - what's easiest?
Replies: 38
Views: 2490

Re: Joining finances - what's easiest?

That sounds simple enough! Exactly what I am looking for, except for also just wanting a bit of separate pocket change each month. Thank you. We have one family checking account, one family savings account, and one family credit card. We have never felt the need to split our income. We work togethe...
by zrail
Sun Feb 17, 2019 4:24 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1622
Views: 226737

Re: Fidelity as a one stop shop

Thank you, that sounds good. But may I ask why you are not using the brokerage account for the check transactions directly? Paranoia, I suppose. We use bill pay on that account but we don’t have check writing turned on. We write so few paper checks that topping up the CMA periodically hadn’t been a...
by zrail
Sun Feb 17, 2019 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1622
Views: 226737

Re: Fidelity as a one stop shop

The CMA core position is FDIC insured. The CMA cannot have margin turned on. The debit card for the CMA refunds all transaction fees. Those are the only substantial differences from a regular Fidelity brokerage account as far as I can tell. We use a brokerage account for our primary account and have...
by zrail
Thu Jan 17, 2019 8:51 am
Forum: Personal Finance (Not Investing)
Topic: Using Cash Reserves to Provide Consistent Cash Flow into Checking Acct
Replies: 9
Views: 1018

Re: Using Cash Reserves to Provide Consistent Cash Flow into Checking Acct

I solved this basic problem by having all of my income deposited into a brokerage account and then paying substantially all monthly expenses, absent things that require a live check, from that account. We float everything we can on a 2% cash back card that auto pays from the brokerage account, and t...