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OnLevel

What do you gain from going to Etrade that you wouldn't get at Fidelity?

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Where are you getting those numbers?

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Per Sec 223(f)(5)(B), the one year period is measured from the date of receipt of the distribution that was rolled over or is to be rolled over. This is the same measurement period as an IRA rollover, although Pub 969 fails to state how the period is measured. In other words, the date of the rollov...

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I understand that 60 day HSA rollovers can only be done once per one-yar period. Which transactions matter for purposes of determining the 1-year period? Withdrawal from initial HSA, or deposit into the one the funds are rolled into? For specifics, I did my first ever 60-day HSA rollover last year l...

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I really hope Fidelity follows suit. They are my favorite.

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https://www.irs.gov/retirement-plans/20 ... an-at-work

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Deduction phase-out starts at 64k MAGI for single, so you'd be ok.

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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 ...

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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?

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Fidelity offers funds similar to the Vanguard funds you're thinking about and has no minimums.

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Sounds to me like OP should go back to work.

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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.

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I dont think Vanguard offres HSAs. Fidelity does, though.

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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?

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FSKAX gives you the total US market, FTIHX gives you the total international.

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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...

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... 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...

OnLevel

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 ...

OnLevel

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...

OnLevel

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?

OnLevel

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 ...

OnLevel

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 ...

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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...

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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...

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2572.30

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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 ...

OnLevel

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....

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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.

Thanks! Thinking about it more, it seems like this is an opportunity to "TLH" in a tax-advantaged account

OnLevel

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...

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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...

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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...

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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...

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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...

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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.

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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...

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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...

OnLevel

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 ...

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Looks like the S&P500 is turning positive for the day

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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.

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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?

OnLevel

pokebowl wrote: ↑
Fri Aug 03, 2018 7:44 pm
I just did a rollover of an orphan IRA from fidelity only two weeks ago. Would have saved myself $50 bucks to wait two weeks. Oh well...

Ditto

OnLevel

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.

OnLevel

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...

OnLevel

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!

OnLevel

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...

OnLevel

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.

OnLevel

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...

OnLevel

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...

OnLevel

New company doesn't know about the 16000 you already contributed, so you could just do non-taxable contributions and still get the match.

OnLevel

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...

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