Search found 47 matches

by OnLevel
Wed Jul 31, 2019 7:14 am
Forum: Personal Finance (Not Investing)
Topic: Unsure if my tIRA deductible
Replies: 3
Views: 200

Re: Unsure if my tIRA deductible

Deduction phase-out starts at 64k MAGI for single, so you'd be ok.
by OnLevel
Fri Jul 26, 2019 9:04 am
Forum: Investing - Theory, News & General
Topic: Investing in Vanguard funds via Fidelity
Replies: 40
Views: 8477

Re: Investing in Vanguard funds via Fidelity

Why don't you want ITOT? I find this thread funny....brand loyalty is something. They are identical products.....any discussion of difference is purely theoretical, not practical. Have no idea why someone would pay a commission for one vs the other. Me too. I don't see the point in paying extra to ...
by OnLevel
Thu Jul 11, 2019 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: anyone here use BillPay?
Replies: 22
Views: 1394

Re: anyone here use BillPay?

mickeyd wrote:
Thu Jul 11, 2019 1:11 pm
You are over-thinking this mountaingirl. Once you have submitted the payment, your job is done. I have used BillPay thru USAA bank for about 30 years. So far so good.
BillPay existed 30 years ago? :?:
by OnLevel
Mon Jun 17, 2019 9:34 am
Forum: Personal Investments
Topic: Alternative to $3,000 minimums at Vanguard
Replies: 13
Views: 1003

Re: Alternative to $3,000 minimums at Vanguard

Fidelity offers funds similar to the Vanguard funds you're thinking about and has no minimums.
by OnLevel
Thu Jun 13, 2019 3:11 am
Forum: Personal Consumer Issues
Topic: Retired at 35 and have no friends :(
Replies: 113
Views: 12218

Re: Retired at 35 and have no friends :(

Sounds to me like OP should go back to work.
by OnLevel
Sun Jun 09, 2019 7:12 am
Forum: Personal Investments
Topic: First Post! Portfolio Review Needed
Replies: 37
Views: 4587

Re: First Post! Portfolio Review Needed

OP, you probably make too much to be eligible to do a regular roth IRA, but have you considered a backdoor roth? That's $12k (for you and spouse) that you guys can put in an account that'll grow tax-free.
by OnLevel
Tue May 21, 2019 9:02 am
Forum: Personal Investments
Topic: Moving an HSA from Optum to Vanguard
Replies: 11
Views: 793

Re: Moving an HSA from Optum to Vanguard

I dont think Vanguard offres HSAs. Fidelity does, though.
by OnLevel
Sat Mar 30, 2019 11:34 am
Forum: Personal Finance (Not Investing)
Topic: Keeping a stash of vacation days as unemployment "insurance"
Replies: 70
Views: 5716

Re: Keeping a stash of vacation days as unemployment "insurance"

I do it. Currently have about 5 weeks worth of vacation. My goal is to get it to 8 weeks and maintain it around that. My only worry is that company switches to one of those fake "unlimited" vacation plans. I'm not sure what would happen to accrued PTO in that case. Do I lose it all?
by OnLevel
Wed Mar 27, 2019 8:56 am
Forum: Personal Investments
Topic: Fidelity Index Fund List - Duplicates?
Replies: 9
Views: 1021

Re: Fidelity Index Fund List - Duplicates?

FSKAX gives you the total US market, FTIHX gives you the total international.
by OnLevel
Wed Mar 27, 2019 8:34 am
Forum: Investing - Theory, News & General
Topic: I hate bonds
Replies: 116
Views: 14619

Re: I hate bonds

Right now I have a tough time investing in bonds even though retirement is nearby. I have a tough time believing bonds will provide any real return over the next decade or two. I know they are supposed to reduce risk but investing in something that may not even keep up with inflation seems like a b...
by OnLevel
Mon Mar 18, 2019 6:09 am
Forum: Investing - Theory, News & General
Topic: Vanguard is Discontinuing their VanguardAdvantage Accounts
Replies: 631
Views: 64648

Re: Vanguard is Discontinuing their VanguardAdvantage Accounts

... Fidelity Bill Pay: Ours is a joint account at Fidelity with each of us having a unique user name and PW for the same account. If I logon and send a bill pay check it only has my name on it; my wife's name doesn't show. I called Fidelity and after they checked with the outside bill pay vendor, U...
by OnLevel
Fri Mar 15, 2019 4:47 pm
Forum: Investing - Theory, News & General
Topic: Rumor mill - Fidelity starting individual HSA's Nov. 15th [2018]
Replies: 1004
Views: 106549

Re: Rumor mill - Fidelity starting individual HSA's Nov. 15th

I should've just snail-mailed it :( So much for having a local Fidelity office :( Sorry, I could've warned you of that. I didn't have your fiasco, but after having been told I could make the deposit for my HSA transfer at the local branch, found out that was not so upon arrival there. They offered ...
by OnLevel
Fri Mar 15, 2019 4:15 pm
Forum: Investing - Theory, News & General
Topic: Rumor mill - Fidelity starting individual HSA's Nov. 15th [2018]
Replies: 1004
Views: 106549

Re: Rumor mill - Fidelity starting individual HSA's Nov. 15th

I'm about to do a 60-day rollover. Does anyone have experience with bringing the check to a Fidelity branch instead of snail-mailing it? Interesting update: Called local office to ask if they can handle 60-day rollover check: guy in the phone seems baffled, puts me on hold to check and comes back t...
by OnLevel
Thu Mar 14, 2019 9:44 pm
Forum: Investing - Theory, News & General
Topic: Rumor mill - Fidelity starting individual HSA's Nov. 15th [2018]
Replies: 1004
Views: 106549

Re: Rumor mill - Fidelity starting individual HSA's Nov. 15th

I'm about to do a 60-day rollover. Does anyone have experience with bringing the check to a Fidelity branch instead of snail-mailing it?
by OnLevel
Wed Mar 13, 2019 12:45 pm
Forum: Investing - Theory, News & General
Topic: Rumor mill - Fidelity starting individual HSA's Nov. 15th [2018]
Replies: 1004
Views: 106549

Re: Rumor mill - Fidelity starting individual HSA's Nov. 15th

EDIT: Actually I can't do this BECAUSE HSA BANK SUCKS! $2500 daily withdrawal limit - what a scam It sounds like you know this from your post, but in case you or others were not aware of it. HSA accounts have a separate, but same rule as IRAs that you can only do one indirect rollover per 12 month ...
by OnLevel
Wed Mar 13, 2019 4:01 am
Forum: Investing - Theory, News & General
Topic: Rumor mill - Fidelity starting individual HSA's Nov. 15th [2018]
Replies: 1004
Views: 106549

Re: Rumor mill - Fidelity starting individual HSA's Nov. 15th

EDIT: Actually I can't do this BECAUSE HSA BANK SUCKS! $2500 daily withdrawal limit - what a scam It sounds like you know this from your post, but in case you or others were not aware of it. HSA accounts have a separate, but same rule as IRAs that you can only do one indirect rollover per 12 month ...
by OnLevel
Tue Feb 19, 2019 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: USAA Auto Premiums Up Exactly 10% in 3 Consecutive Renewals?
Replies: 43
Views: 5013

Re: USAA Auto Premiums Up Exactly 10% in 3 Consecutive Renewals?

It might be a coincidence in your state. I don't think I've ever seen a trend like that in my rates from them. On the exactly 10% increases: it might be case where they increased their overall rates by more than 10%, but limit the disruption on currentcustomer, they limit the increase to 10% with e...
by OnLevel
Tue Jan 22, 2019 6:34 pm
Forum: Personal Finance (Not Investing)
Topic: USAA Auto Premiums Up Exactly 10% in 3 Consecutive Renewals?
Replies: 43
Views: 5013

Re: USAA Auto Premiums Up Exactly 10% in 3 Consecutive Renewals?

On the exactly 10% increases: it might be case where they increased their overall rates by more than 10%, but limit the disruption on currentcustomer, they limit the increase to 10% with each renewal until the full rates come into effect. Unfortunately, insurance is a game of averages, and it's alwa...
by OnLevel
Thu Dec 27, 2018 10:53 pm
Forum: Investing - Theory, News & General
Topic: What have you learned this year
Replies: 90
Views: 7525

Re: What have you learned this year

I thought I was financially savvy before I jointed this forum late last year, but have learned so much since I joined that I wish I found it sooner! Things I learned or understand better thanks to this forum: Mega backdoor roth Backdoor roth and the fact that I pretty much can't keep money in other ...
by OnLevel
Sun Dec 16, 2018 8:23 am
Forum: Personal Investments
Topic: Deductible trad IRA contribution and Conversion to Roth in the same year
Replies: 5
Views: 479

Re: Deductible trad IRA contribution and Conversion to Roth in the same year

Contribute 1K to TIRA. Value decreases to near 0 (extreme example) 1)Recharacterize to Roth. Now have near 0 in Roth. 2)Leave in TIRA. Then convert. Now have near 0 in Roth. Pay 25% of conversion in taxes = near 0 x 25% Deduct 1K contribution = worth 0.25K The net benefit of this combo is nearly 0....
by OnLevel
Sun Dec 16, 2018 8:22 am
Forum: Personal Investments
Topic: Deductible trad IRA contribution and Conversion to Roth in the same year
Replies: 5
Views: 479

Re: Deductible trad IRA contribution and Conversion to Roth in the same year

b0B wrote:
Sun Dec 16, 2018 12:08 am
OnLevel wrote:
Sat Dec 15, 2018 8:54 pm
I'm not sure if it's legal, though.
Of course it is. It's completely obvious you should do #2. /thread. :happy
Thanks! Thinking about it more, it seems like this is an opportunity to "TLH" in a tax-advantaged account :D
by OnLevel
Sat Dec 15, 2018 10:44 pm
Forum: Personal Investments
Topic: Deductible trad IRA contribution and Conversion to Roth in the same year
Replies: 5
Views: 479

Re: Deductible trad IRA contribution and Conversion to Roth in the same year

It seems to me that the 1k you contributed to your tIRA will just be added to the tIRA's balance. I think you can recharacterize the 1k contribution, but I don't think you can convert that particular 1k contribution to a Roth IRA. How much do you think you will save in taxes if you use option 2? No...
by OnLevel
Sat Dec 15, 2018 8:54 pm
Forum: Personal Investments
Topic: Deductible trad IRA contribution and Conversion to Roth in the same year
Replies: 5
Views: 479

Deductible trad IRA contribution and Conversion to Roth in the same year

Is there anything wrong with doing that? I made a deductible $1k contribution to a traditional IRA earlier this year, but have realized after the fact that for long term reasons I want to convert the trad IRA to Roth. It looks like I have two options: 1. Re-characterize the trad contribution as Roth...
by OnLevel
Sat Dec 15, 2018 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: Auto, home and umbrella insurance
Replies: 8
Views: 930

Re: Auto, home and umbrella insurance

I have coupled my insurances and been with the same company for ~30 years. No real service complaints other than over the last 5 or so years the premiums keep going up. When I call I don’t get a good reason. Was considering shopping around, I could post how much I am paying if needed but my questio...
by OnLevel
Mon Dec 10, 2018 10:25 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 12414
Views: 2143700

Re: U.S. stocks in freefall

Tempted to invest my 2019 Roth contribution now. Not really market timing based on my IPS that states to invest all cash ASAP. You can't contribute until January 1st for 2019. I am hoping the rally holds off until after the 1st. So far so good. DOW futures are down .7% so far today. You can have ex...
by OnLevel
Tue Dec 04, 2018 4:58 pm
Forum: Personal Investments
Topic: Schwab Vs Fidelity Vs Vanguard
Replies: 88
Views: 28079

Re: Schwab Vs Fidelity Vs Vanguard

I have now had accounts at all 3, and my pick is Fidelity for the following reasons in order of importance 1. Ability to deposit mega backdoor rollover checks using App (Vanguard and Schwab don't offer this) 2. No need to wait 1 business day for ach deposits to settle before I can invest them ( I th...
by OnLevel
Fri Nov 23, 2018 5:54 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for Four Fidelity ZERO℠ Funds (0.00% ER)
Replies: 807
Views: 92194

Re: Fidelity Files for Four Fidelity ZERO℠ Funds (0.00% ER)

Would selling SWTSX and buying FZROX count as a wash sale? I am looking into TLH for the first time, and want to make sure I don't screw things up.
by OnLevel
Wed Nov 21, 2018 10:21 am
Forum: Investing - Theory, News & General
Topic: Rumor mill - Fidelity starting individual HSA's Nov. 15th [2018]
Replies: 1004
Views: 106549

Re: Rumor mill - Fidelity starting individual HSA's Nov. 15th

Just a quick update... I got a secure message from Fidelity yesterday saying that they had forwarded the transfer request to the appropriate department and that they’d update on progress in 2-4 days. So it sounds like online submission might have done the trick. Fingers crossed... Have you heard an...
by OnLevel
Mon Nov 19, 2018 6:21 am
Forum: Investing - Theory, News & General
Topic: Rumor mill - Fidelity starting individual HSA's Nov. 15th [2018]
Replies: 1004
Views: 106549

Re: Rumor mill - Fidelity starting individual HSA's Nov. 15th

I took the plunge and opened my Fidelity account today. My employer uses HSA bank as custodian. I am going to mail the pre-filled Fidelity form and transfer most of my current cash balance. If this works, I will liquidate my investments and transfer them to fidelity, and will plan to do this once a...
by OnLevel
Sun Nov 18, 2018 7:35 pm
Forum: Investing - Theory, News & General
Topic: Rumor mill - Fidelity starting individual HSA's Nov. 15th [2018]
Replies: 1004
Views: 106549

Re: Rumor mill - Fidelity starting individual HSA's Nov. 15th

I took the plunge and opened my Fidelity account today. My employer uses HSA bank as custodian. I am going to mail the pre-filled Fidelity form and transfer most of my current cash balance. If this works, I will liquidate my investments and transfer them to fidelity, and will plan to do this once a ...
by OnLevel
Mon Oct 08, 2018 1:53 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 12414
Views: 2143700

Re: U.S. stocks in freefall

Looks like the S&P500 is turning positive for the day :happy
by OnLevel
Tue Sep 25, 2018 10:58 am
Forum: Personal Finance (Not Investing)
Topic: Be sure to check your tax estimates for 2018
Replies: 24
Views: 3555

Re: Be sure to check your tax estimates for 2018

SimonJester wrote:
Tue Sep 25, 2018 9:14 am
Keep in mind I have found the IRS withholding calculator to be off by 1 paycheck depending when in the month you run it...

I have a spreadsheet I am using to more accurately calculate when I will owe.
I second the bolded. Whenever I use it, the IRS calculations miss one paycheck.
by OnLevel
Sun Sep 23, 2018 9:44 am
Forum: Personal Finance (Not Investing)
Topic: Physical Banking - Any benefits anymore?
Replies: 142
Views: 10274

Re: Physical Banking - Any benefits anymore?

augustwest73 wrote:
Wed Sep 19, 2018 9:24 pm
1. Free notary
2. Free medallion
3. Easy and quick to cash savings bonds

I keep the bare minimum in a B&M bank for those three reasons.
What's a medallion?
by OnLevel
Sun Aug 05, 2018 3:30 pm
Forum: Investing - Theory, News & General
Topic: Fidelity eliminated $50 IRA closeout fee
Replies: 9
Views: 2309

Re: Fidelity eliminated $50 IRA closeout fee

pokebowl wrote:
Fri Aug 03, 2018 7:44 pm
I just did a rollover of an orphan IRA from fidelity only two weeks ago. :oops: Would have saved myself $50 bucks to wait two weeks. Oh well...
Ditto
by OnLevel
Tue Jul 17, 2018 11:24 pm
Forum: Personal Finance (Not Investing)
Topic: Thinking about job change but current job gives 9% salary into 401k..
Replies: 27
Views: 3729

Re: Thinking about job change but current job gives 9% salary into 401k..

Get an offer, then compare (all, not just 401k) benefit packages from each employer side by side. You should be able to figure it out at that point. No point in speculating until you have an offer in hand.
by OnLevel
Wed Jun 27, 2018 5:43 am
Forum: Personal Investments
Topic: Mobile deposit of Rollover Check
Replies: 15
Views: 1381

Re: Mobile deposit of Rollover Check

I like Schwab but I'm going to be doing this every 6 weeks or so, so being able to deposit the rollover checks remotely would be awesome. It seems like Vanguard only allows it for traditional IRAs. Do y'all know of any brokerage that would allow me to deposit any rollover check remotely? Thanks! Si...
by OnLevel
Mon Jun 25, 2018 7:43 pm
Forum: Personal Investments
Topic: Mobile deposit of Rollover Check
Replies: 15
Views: 1381

Re: Mobile deposit of Rollover Check

livesoft wrote:
Sun Jun 24, 2018 3:33 pm
Why not call Schwab and have Schwab mail to you some post-paid envelopes? You will still be depositing checks remotely since your mailbox is located remotely from Schwab's mailbox.
I didn't know they did this. I will definitely look into it. Thanks!
by OnLevel
Mon Jun 25, 2018 7:42 pm
Forum: Personal Investments
Topic: Mobile deposit of Rollover Check
Replies: 15
Views: 1381

Re: Mobile deposit of Rollover Check

I must be old. I wouldn't trust a mobile device with this. I don't even like to deposit big checks at an ATM. But, "just because you are paranoid doesn't mean they aren't out to get you!" Haha, probably wise of you. I really enjoy the convenience of not having to go to a branch, but I guess it's no...
by OnLevel
Mon Jun 25, 2018 7:41 pm
Forum: Personal Investments
Topic: Mobile deposit of Rollover Check
Replies: 15
Views: 1381

Re: Mobile deposit of Rollover Check

Earl Lemongrab wrote:
Sun Jun 24, 2018 2:30 pm
You say "it looks like". Did you actually call and check on it?
No, I was basing that on the options that came up when I pulled up the check deposit feature in the app.
by OnLevel
Sat Jun 23, 2018 8:21 pm
Forum: Personal Investments
Topic: Mobile deposit of Rollover Check
Replies: 15
Views: 1381

Re: Mobile deposit of Rollover Check

I am about to do a mega backdoor roth rollover for the first time, and it looks like to deposit the checks I receive from my 401k admin in my Schwab accounts, I have to go to the local branch or mail them in... What brokerage is the custodian of your 401k? Ask your 401k admin if you opened a Roth I...
by OnLevel
Sat Jun 23, 2018 7:21 pm
Forum: Personal Investments
Topic: Mobile deposit of Rollover Check
Replies: 15
Views: 1381

Mobile deposit of Rollover Check

I am about to do a mega backdoor roth rollover for the first time, and it looks like to deposit the checks I receive from my 401k admin in my Schwab accounts, I have to go to the local branch or mail them in: the mobile check deposit in the Schwab app seems to want to treat it as a contribution, whi...
by OnLevel
Wed May 16, 2018 1:42 pm
Forum: Personal Investments
Topic: 401k loan to get new employer's company match
Replies: 15
Views: 1166

Re: 401k loan to get new employer's company match

New company doesn't know about the 16000 you already contributed, so you could just do non-taxable contributions and still get the match.
by OnLevel
Mon Apr 23, 2018 8:38 pm
Forum: Personal Finance (Not Investing)
Topic: How old are you and how much do you save for retirement a year
Replies: 244
Views: 37168

Re: How old are you and how much do you save for retirement a year

First post on the forum! 34, currently saving: 18,500 401k 2,000 hsa (I max it out, this is my conservative estimate of what will be leftover after medical expenses) 5,500 my ira 5,500 wife's ira 16,000 Total: 47.5k This is the first year I'm contributing this much. I started saving late, so only h...
by OnLevel
Sun Apr 22, 2018 9:40 pm
Forum: Personal Finance (Not Investing)
Topic: How old are you and how much do you save for retirement a year
Replies: 244
Views: 37168

Re: How old are you and how much do you save for retirement a year

First post on the forum! 34, currently saving: 18,500 401k 2,000 hsa (I max it out, this is my conservative estimate of what will be leftover after medical expenses) 5,500 my ira 5,500 wife's ira 16,000 employer retirement contribution Total: 47.5k This is the first year I'm contributing this much. ...