Search found 64 matches

by zrail
Sun Aug 18, 2019 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1106
Views: 132859

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: 1106
Views: 132859

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: 1233

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: 15
Views: 1758

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: 3429

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: 3429

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: 3429

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: 3441

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: 857

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: 2704

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: 84
Views: 5838

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: 4146

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: 2045

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: 4146

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: 1315

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: 573

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: 1315

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: 1315

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: 39886

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: 1441

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: 14361

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: 1106
Views: 132859

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: 147

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: 386

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: 7694

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: 989

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: 62129

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: 62129

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: 1030

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: 2323

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: 1106
Views: 132859

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: 1106
Views: 132859

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: 984

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...
by zrail
Fri Jan 11, 2019 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1106
Views: 132859

Re: Fidelity Cash Management Account - Investments

Fidelity counts all of the money market funds in a brokerage or CMA account (which is literally just a brokerage account with a few extra features) as settled cash available to trade or withdraw, depending on deposit timing rules. Therefore they’ll sell money market funds to satisfy withdraws or oth...
by zrail
Sun Jan 06, 2019 7:14 pm
Forum: Personal Finance (Not Investing)
Topic: Do I still owe self-employment social security taxes?
Replies: 2
Views: 353

Re: Do I still owe self-employment social security taxes?

Schedule SE will take care of it. You won’t owe Social Security on the 1099 income.
by zrail
Fri Jan 04, 2019 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: Wrap investing assets in an LLC
Replies: 19
Views: 1311

Re: Wrap investing assets in an LLC

I don't get how an LLC can provide you protection - wouldn't you be the owner of the equity in the LLC? If you were sued, the equity could be a source of repayment. Plaintiff gets a judgment against you and obtains a judgment lien against the equity in the LLC. Depending on state law, LLC’s can hav...
by zrail
Thu Jan 03, 2019 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: [Tax Help] Post-employment payment: W2 or 1099?
Replies: 14
Views: 587

Re: Post-employment payment: W2 or 1099?

I would wait. There is no rush and they will have the forms to you in a few weeks so you’ll find out then. I wouldn’t be surprised if it just got wrapped into your W2.
by zrail
Wed Jan 02, 2019 3:18 pm
Forum: Personal Finance (Not Investing)
Topic: Wrap investing assets in an LLC
Replies: 19
Views: 1311

Re: Wrap investing assets in an LLC

Banks are going to ask if you’re self-employed and since you will say yes you’ll have to show two years of 1040s including all schedules. I don’t know of any circumstance where the government will care about paystubs outside of assistance programs, which you are unlikely to be applying for if you ha...
by zrail
Wed Jan 02, 2019 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: Wrap investing assets in an LLC
Replies: 19
Views: 1311

Re: Wrap investing assets in an LLC

What is the actual problem you’re trying to solve with that? All mortgage underwriting is going to make you substantiate income for at least two years, which means either 1040s or W2s. The point of putting yourself on formal payroll would be to generate a W2 every year.
by zrail
Wed Jan 02, 2019 7:08 am
Forum: Personal Finance (Not Investing)
Topic: Wrap investing assets in an LLC
Replies: 19
Views: 1311

Re: Wrap investing assets in an LLC

I’ve thought about this quite a lot over the last few years and basically came to “nope” as my conclusion. The benefits of asset protection via an LLC are significantly oversold, in my opinion. It takes a lot of work (i.e. lawyer fees) to even potentially have a positive effect and without that up f...
by zrail
Mon Dec 31, 2018 6:09 pm
Forum: Personal Finance (Not Investing)
Topic: Can my employEE Solo 401K contribution be funded from 2 separate businesses (S-Corp and LLC)
Replies: 5
Views: 307

Re: Can my employEE Solo 401K contribution be funded from 2 separate businesses (S-Corp and LLC)

You likely have a controlled group of businesses if you own both businesses. A controlled group is treated as one company for 401k purposes so all of your W2 (S-Corp) and self-employment income (sole prop) is counted for employer contributions and you only need one plan. That means you only get one ...
by zrail
Mon Dec 31, 2018 3:38 pm
Forum: Personal Investments
Topic: Why companies don't allow post-tax 401k contribution?
Replies: 11
Views: 1459

Re: Why companies don't allow post-tax 401k contribution?

Another thing is that access to an after tax subaccount is incompatible with the safe harbor rules.
by zrail
Sat Dec 15, 2018 10:31 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1106
Views: 132859

Re: Fidelity as a one stop shop

We use Fidelity for everything: taxable, cash management, IRAs, solo 401k, UTMAs and 529s. We use a normal brokerage account for taxable investing and day to day cash management and all of our "trusted" direct deposits and automatic withdrawals (credit card payments, insurance automatic payments, et...
by zrail
Thu Dec 13, 2018 11:56 am
Forum: Investing - Theory, News & General
Topic: Ok to invest in an LLC?
Replies: 33
Views: 1895

Re: Ok to invest in an LLC?

In my limited experience, operating agreements state membership in an exhibit and say “as amended from time to time” and have a whole section with rules for admitting new nembers. Single-member llc operating agreements are the only ones I’ve seen that omit all of that.
by zrail
Sun Dec 09, 2018 7:30 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 4767
Views: 1231986

Re: What Movie Have You Recently Watched?

Frozen.

Twenty six times and counting.

Why yes I do have a toddler why do you ask?
by zrail
Sat Dec 01, 2018 7:12 am
Forum: Investing - Theory, News & General
Topic: Stock Buybacks Don't Increase Share Prices
Replies: 33
Views: 2978

Re: Stock Buybacks Don't Increase Share Prices

My understanding of market capitalization is Number of outstanding shared * current market price A share buyback works by reducing the left side of that formula in the hopes that the market will see increased earnings per share (same earnings, fewer shares) and increase the right side. Market cap do...
by zrail
Sat Nov 24, 2018 10:49 am
Forum: Personal Investments
Topic: Lump Sum into a taxable account, with monthly withdrawals to pay down mortgage?
Replies: 12
Views: 1255

Re: Lump Sum into a taxable account, with monthly withdrawals to pay down mortgage?

If you’re planning on moving in 10 years why are you accelerating payments at all? I would just lump sum invest and leave it. If you need it for the new house, you’ve got it without having to work out as much bridge financing.
by zrail
Mon Nov 12, 2018 6:30 pm
Forum: Investing - Theory, News & General
Topic: Feedback on "auto pilot" strategy
Replies: 6
Views: 883

Re: Feedback on "auto pilot" strategy

When I read the thread title I imagined we'd be discussing auto-investing in a LifeStrategy fund. I have so many questions! Are you building a portfolio of individual stocks? Does the Robinhood API let you buy fractional shares? If not, how are you dealing with the need to rebalance partial shares? ...
by zrail
Sun Nov 04, 2018 8:15 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity Visa Rewards - Do you move the cash out of Fido?
Replies: 48
Views: 4223

Re: Fidelity Visa Rewards - Do you move the cash out of Fido?

We use the Fidelity card as our primary card and a Fidelity brokerage as our primary cash account (direct deposit, automatic payments, automatic taxable investing). Rewards just go into the cash position in that account.