Search found 49 matches

by MBB_Boy
Sun Jul 14, 2019 10:54 am
Forum: Personal Consumer Issues
Topic: WaPo: "Mobile Passport" is the best-kept secret in air travel
Replies: 47
Views: 6331

Re: WaPo: "Mobile Passport" is the best-kept secret in air travel

We've had Global Entry for years, but on our return trip from Australia in April we decided to try mobile passport. It was probably just as easy. We love Precheck that comes with Global Entry, but when our current Global Entry comes up for renewal we may just cut back to Precheck by itself and use ...
by MBB_Boy
Thu Jun 20, 2019 5:08 pm
Forum: Personal Investments
Topic: Anyone using M1 financial?
Replies: 9
Views: 856

Re: Anyone using M1 financial?

Big fan of M1. Have been using them for a while, although only for the investing account. They are expanding into other services (lending at a pretty good rate, "checking" account with debit card). It's very easy to use, the watchlist function is pretty good (calculates performance from time you put...
by MBB_Boy
Thu Jun 13, 2019 2:09 pm
Forum: Investing - Theory, News & General
Topic: Opening a Robinhood account for fun - Is it worth it?
Replies: 18
Views: 2197

Re: Opening a Robinhood account for fun - Is it worth it?

M1 Finance Let's you build "pies" with pretty much anything that trades on the NYSE or NASDAQ including individual stocks and ETFs. You set the allocation per pie as you want (e.g. you could have 100 stocks at 1% each, 50 stocks with 5 at 1%, 10 at 2%, etc.). No commissions or account maintenance f...
by MBB_Boy
Sat May 11, 2019 8:24 am
Forum: Personal Finance (Not Investing)
Topic: Chase Premier Plus Checking - How to earn maximum interest?
Replies: 17
Views: 1373

Re: Chase Premier Plus Checking - How to earn maximum interest?

Is there a reason you're limiting yourself to this checking account? There are so many free options out there, plenty which also pay no interest.

And some that pay quite a bit - like SoFI at 2.25%
by MBB_Boy
Sun Mar 10, 2019 9:11 am
Forum: Personal Investments
Topic: USAA
Replies: 18
Views: 2582

Re: USAA

Big Dog wrote:
Sun Mar 10, 2019 12:33 am
a 40 year member of USAA but dropped their bank & brokerage & mutual funds years ago. Just not worth the higher fees.
What bank fees? All their accounts and cards are fee free
by MBB_Boy
Sat Feb 09, 2019 11:01 am
Forum: Personal Consumer Issues
Topic: Wasting Electricity for Fun and Profit
Replies: 58
Views: 5486

Re: Consuming Electricity for Fun and Profit

FWIW, this is not representative of all plans in the state. I have a normal plan with tiered usage costs where I typically get to the marginal rate of .07kwh. (Starts at .02) Texas energy policy and management really contributes to low cost of living. It's one of the many advantages of living here, ...
by MBB_Boy
Sat Feb 09, 2019 10:41 am
Forum: Personal Consumer Issues
Topic: How many hours do you work and what do you outsource
Replies: 88
Views: 7692

Re: How many hours do you work and what do you outsource

Laundry should be easy. I don't know you, but I have seen that perfectionists waste a lot of time on laundry. Our laundry room is off the hallway between the kitchen and the dining room. We throw clothes on the floor of the laundry room or in the washer. Then when we feel like it, we run the washer...
by MBB_Boy
Fri Jan 18, 2019 11:32 am
Forum: Investing - Theory, News & General
Topic: How are dividends reinvested in ETFs if you cannot purchase fractional shares?
Replies: 6
Views: 1120

Re: How are dividends reinvested in ETFs if you cannot purchase fractional shares?

fortyofforty wrote:
Thu Jan 17, 2019 9:54 pm
Does anyone foresee a day when investors can purchase fractional shares, thereby eliminating one of the main differences between ETFs and mutual funds?
It's already here. Both M1 finance and Robin Hood allow this
by MBB_Boy
Sat Jan 12, 2019 9:47 am
Forum: Personal Investments
Topic: TSP vs IRA priority help
Replies: 21
Views: 1648

Re: TSP vs IRA priority help

Since she isn't working, putting money into an account with her name would require extra work. How is it more work to put $6k into Her Roth IRA than His Roth IRA? For what? Some PC sensitivity? No. It's more work because 1.) Sounds like she doesn't already have an account, so they would have to cre...
by MBB_Boy
Sat Jan 05, 2019 6:21 pm
Forum: Personal Consumer Issues
Topic: United, American Airlines, Delta--about the same?
Replies: 144
Views: 8128

Re: United, American Airlines, Delta--about the same?

I'm a former management consultant, so flew 2x weekly for a few years. Delta is definitely the best of the 3. Full stop. United and American is a more nuanced comparison, but I would exhaust other options (Southwest, Alaska, etc) before taking a flight from either. Sounds like this isn't going to wo...
by MBB_Boy
Sat Jan 05, 2019 5:36 pm
Forum: Personal Investments
Topic: TSP vs IRA priority help
Replies: 21
Views: 1648

Re: TSP vs IRA priority help

If you are deployed to one of the regions where you get tax free pay, put as much as possible into Roth TSP. That money will not be taxed going in or coming out. A big win for you and your family. If you are not in that situation, see if putting part of your contribution into traditional TSP will s...
by MBB_Boy
Sat Jan 05, 2019 11:43 am
Forum: Investing - Theory, News & General
Topic: Dave Ramsey [“good growth mutual fund”]
Replies: 54
Views: 5808

Re: Dave Ramsey [“good growth mutual fund”]

DR has also explained his 4 funds can be large cap, mid cap, small cap, and international (especially when explaining to people who are trying to find equivalent funds in their 401k). Woah there, this is a DR BASHING thread. You're only allowed to give compliments if there is a "but" coming :D But ...
by MBB_Boy
Sat Jan 05, 2019 11:25 am
Forum: Personal Investments
Topic: TSP vs IRA priority help
Replies: 21
Views: 1648

Re: TSP vs IRA priority help

Vet here. I would go ahead with prioritizing the TSP - from the situation you are describing, I don't think it matters so you should prioritize simplicity. Next would be your Roth, and then your wife's (again, for simplicity). That said, your IRA is going to have a lot more possible options. It does...
by MBB_Boy
Thu Dec 20, 2018 7:29 pm
Forum: Personal Consumer Issues
Topic: Making Large Purchases with Credit Card and Immediately Paying Off- Bad for Credit Score?
Replies: 44
Views: 3982

Re: Making Large Purchases with Credit Card and Immediately Paying Off- Bad for Credit Score?

Don't know, don't care. But I would ask if there is a discount for cash or check. Sometimes there is, and it can be more than 2%. And it might not be a discount for paying cash or check, but a penalty for paying with credit card. I manage finances for a non-profit and people have been using a CC to...
by MBB_Boy
Wed Dec 19, 2018 9:15 pm
Forum: Investing - Theory, News & General
Topic: Will the 2008 recession help avoid severity of the next recession?
Replies: 40
Views: 2676

Re: Will the 2008 recession help avoid severity of the next recession?

Beauty of politics. Policy isn't based on what's best at the time, it's based on who happens to be in power. One party will NEVER do tax cuts, even if it would be needed stimulus (didn't happen back the, right?). IIRC, something like 50% of the '09 stimulus bill was tax cuts. A temporary tax credit...
by MBB_Boy
Fri Dec 14, 2018 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: ReFi...Yes or No
Replies: 16
Views: 1099

Re: ReFi...Yes or No

Good Evening Fellow Bogleheads, My DW and I purchased a new house in October with the intent of renting out our previous home. The old house has been on the rental market for about 1 month. We have had a lot of showings, some applicants, but no truly viable prospects after credit checks and backgro...
by MBB_Boy
Fri Dec 14, 2018 11:50 am
Forum: Investing - Theory, News & General
Topic: Will the 2008 recession help avoid severity of the next recession?
Replies: 40
Views: 2676

Re: Will the 2008 recession help avoid severity of the next recession?

My worry is that a recession might be extended/worse because Congress won't be as able to stimulate the economy with tax cuts, since the tax cuts were already enacted at the end of 2017, when (one could argue) the economy didn't need a stimulus. Beauty of politics. Policy isn't based on what's best...
by MBB_Boy
Wed Dec 05, 2018 9:40 pm
Forum: Personal Investments
Topic: To Invest or Not to Invest
Replies: 31
Views: 2422

Re: To Invest or Not to Invest

No way should you pay down the mortgage. Get that money into the market ASAP. If you're completely unsure what to invest in, just do a Target Date Fund at Vanguard/Fidelity/Schwab. It will select a mixture of stocks and bonds appropriate for your age and intended retirement year, and automatically a...
by MBB_Boy
Fri Nov 30, 2018 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: Is Wells Fargo doing a bait and switch with mortgage rate?
Replies: 24
Views: 2461

Re: Is Wells Fargo doing a bait and switch with mortgage rate?

I had a feeling the responses were going to be mixed! I have heard both bad and good things about WF. The rate is so much better than the others though that it’s tough for me to not consider them. What are your thoughts on Chase saying it can’t possibly be a jumbo loan because Queens County (in NYC...
by MBB_Boy
Sun Nov 18, 2018 12:19 am
Forum: Personal Investments
Topic: New FA offering to pay annuity surrender fee
Replies: 18
Views: 1205

Re: New FA offering to pay annuity surrender fee

Thanks a lot everyone, glad I posted on this. Learned some new things (annuities don't get capital gains treatment, Fidelity offers a free advisor for accounts over a certain amount, etc), and am going to give an overview of a few different options (the ones included here, plus a fee only financial ...
by MBB_Boy
Sun Nov 18, 2018 12:15 am
Forum: Personal Investments
Topic: New FA offering to pay annuity surrender fee
Replies: 18
Views: 1205

Re: New FA offering to pay annuity surrender fee

I think the answer to this is pretty obvious without much math, but since the math to prove it is relatively easy, lets do it: Lets look at three cases over 10 quarters and compare the cost in fees/penalties. Assume the FIL has $1M in assets 1) Move all assets to DIY at Vanguard or Fidelity etc. Ne...
by MBB_Boy
Sat Nov 17, 2018 4:12 pm
Forum: Personal Investments
Topic: New FA offering to pay annuity surrender fee
Replies: 18
Views: 1205

Re: New FA offering to pay annuity surrender fee

Is he in a city where there is a Fidelity office? Sounds like he may have enough assets to get an assigned advisor through their Premium Services no charge (Not the Wealth mgmt. side where AUM fee is charged). That way he could get some 'in-person' assistance which may be beneficial to him to get h...
by MBB_Boy
Sat Nov 17, 2018 4:11 pm
Forum: Personal Investments
Topic: New FA offering to pay annuity surrender fee
Replies: 18
Views: 1205

Re: New FA offering to pay annuity surrender fee

BL wrote:
Sat Nov 17, 2018 3:43 pm
You don't get CG rates with annuities.
https://www.kiplinger.com/article/insur ... taxed.html
Well.....crap. Thanks for pointing that out
by MBB_Boy
Sat Nov 17, 2018 4:08 pm
Forum: Personal Investments
Topic: New FA offering to pay annuity surrender fee
Replies: 18
Views: 1205

Re: New FA offering to pay annuity surrender fee

The "new" FA is not really offering to "pay" the surrender fees. They are just offering a limited time offset of high management fees. If FIL went to a self managed arrangement, there would be no such fees to offset . If he went to VPAS, the fee would be only 0.3% per year. Furthermore, once VPAS s...
by MBB_Boy
Sat Nov 17, 2018 3:18 pm
Forum: Personal Investments
Topic: New FA offering to pay annuity surrender fee
Replies: 18
Views: 1205

Re: New FA offering to pay annuity surrender fee

My understanding is that that the variable annuity surrender fee decrease over time; starting out with a 7% fee in year one going down to 1% in year 7. It's my understanding that surrender fees do not apply after 7 years. You may want to check each annuity to see you what the surrender fee would be...
by MBB_Boy
Sat Nov 17, 2018 2:04 pm
Forum: Personal Investments
Topic: New FA offering to pay annuity surrender fee
Replies: 18
Views: 1205

Re: New FA offering to pay annuity surrender fee

wow, ***another*** Fisher thread?? OP, please do a search on that firm... multiple older threads on them.... Short answer: don’t do it, if “handholding” is needed then use Vanguard PAS. They then won’t have to extract themselves from the all equities positions that Fisher uses and pay the hefty tax...
by MBB_Boy
Sat Nov 17, 2018 2:03 pm
Forum: Personal Investments
Topic: New FA offering to pay annuity surrender fee
Replies: 18
Views: 1205

Re: New FA offering to pay annuity surrender fee

How much is in taxable vs IRA’s? If it is mostly in IRA’s, I would be more likely to consider the offer. This could be a transition and in a couple of years you could potentially get into an even lower fee portfolio. With most of it in taxable, you could end up with capital gains to deal with if yo...
by MBB_Boy
Sat Nov 17, 2018 1:23 pm
Forum: Personal Investments
Topic: New FA offering to pay annuity surrender fee
Replies: 18
Views: 1205

New FA offering to pay annuity surrender fee

Background: So my new-ish FIL came to me for advice, after witnessing how much better my mother is doing since I guided her out of her terrible variable annuity situation. Turns out he is in the same situation as the one I guided her out of. Has a low 7 figure sum saved, tied up in variable annuitie...
by MBB_Boy
Sat Nov 17, 2018 11:08 am
Forum: Investing - Theory, News & General
Topic: Ally just raised Online Savings accounts to 2% APY
Replies: 66
Views: 6819

Re: Ally just raised Online Savings accounts to 2% APY

Marcus (Goldman Sachs) raised to 2.05% a few weeks ago. Yup, btw can anyone explain why Ally has almost mythical standing on the Bogleheads site. Similar to the reasons Vanguard has a mythical standing. They have been very, very good for a "long" time. Even though you can NOW get slightly higher ra...
by MBB_Boy
Sat Nov 17, 2018 10:35 am
Forum: Personal Investments
Topic: Should I sell bond fund, use for mortgage pay down ?
Replies: 8
Views: 1019

Re: Should I sell bond fund, use for mortgage pay down ?

What would you remaining bond allocaition be if you did this? I don't know much about that specific type of bond fund, but it's underperformance shouldn't be the motivating factor to change your overall allocation. I'd imagine if there is something wrong with this bond fund, your most reasonable nex...
by MBB_Boy
Sat Nov 10, 2018 11:34 am
Forum: Investing - Theory, News & General
Topic: Roth Investment Theory
Replies: 45
Views: 3864

Re: Roth Investment Theory

The optimal strategy has been to invest it all on the first day you are allowed (Jan 1). No, the optimal strategy is to invest money when you have it. Waiting until Jan 1 is worse. You are correct that as soon as you have it, invest it. The first day that you can make a 2019 tax year contribution i...
by MBB_Boy
Sat Nov 10, 2018 11:24 am
Forum: Investing - Theory, News & General
Topic: USAA getting out of mutual fund biz
Replies: 51
Views: 8801

Re: USAA getting out of mutual fund biz

I've been a USAA member for 42 years. They had a great reputation for service, but in recent years they seem have become a marketing enterprise. Like everyone else in the financial business, they have moved to the Internet and automated many processes. That last part they have not done very well. T...
by MBB_Boy
Sat Nov 10, 2018 11:16 am
Forum: Investing - Theory, News & General
Topic: Roth Investment Theory
Replies: 45
Views: 3864

Re: Roth Investment Theory

The optimal strategy has been to invest it all on the first day you are allowed (Jan 1). No, the optimal strategy is to invest money when you have it. Waiting until Jan 1 is worse. You are correct that as soon as you have it, invest it. The first day that you can make a 2019 tax year contribution i...
by MBB_Boy
Sat Nov 10, 2018 10:16 am
Forum: US Chapters
Topic: U. S. Marine Corps Birthday
Replies: 31
Views: 2614

Re: U. S. Marine Corps Birthday

Happy Birthday fellow Marines!

Semper Fi - get out there today and today something motivated. Or get drunk.

Or both?
by MBB_Boy
Fri Oct 12, 2018 5:54 pm
Forum: Personal Consumer Issues
Topic: Electric Lawn Mower Advice
Replies: 17
Views: 1150

Re: Electric Lawn Mower Advice

I have the Ryobi, and was very frustrated during the summer. First time I mowed, got about 50 minutes of mowing time, which is enough to do my front and back yard. Then after 2-3 months of bi-weekly use, I could barely finish half the lawn ( so front OR back). Time dropped to 20 something minutes. I...
by MBB_Boy
Sat Sep 08, 2018 11:06 am
Forum: Personal Finance (Not Investing)
Topic: Charitable Tax Deductions
Replies: 46
Views: 3739

Re: Charitable Tax Deductions

My cost of charity this year has effectively increased significantly. Has the total of your taxes plus charitable contributions increased or decreased? My annual charity includes a few $k in aviation fuel for dog rescues and Angel flights. Haven't yet filed, but charitable contributions will be abo...
by MBB_Boy
Sat Sep 08, 2018 9:10 am
Forum: Personal Consumer Issues
Topic: Is it sensible to buy a car from Elon Musk?
Replies: 59
Views: 3345

Re: Is it sensible to buy a car from Elon Musk?

Not even a little. There's a big difference between buying a car, and investing in a company. I have a Model 3, and love it. The tech in these cars is pretty amazing, even with the occasional "bug" (e.g., voice navigation stopped working, which was fixed in less than a minute with a soft reboot). Th...
by MBB_Boy
Mon Sep 03, 2018 10:46 am
Forum: Personal Consumer Issues
Topic: furnace came on even with thermostat off
Replies: 5
Views: 770

Re: furnace came on even with thermostat off

Agree with thermostat hypothesis. Basically same thing happened to us this weekend - turns out we had a stuck relay on one of our thermostats, which was sending a "heat" signal to the HVAC. Turning it "off" didn't work - but pulling it off the wall did. AC worked with other thermostat after, so just...
by MBB_Boy
Sun Sep 02, 2018 12:49 pm
Forum: Personal Investments
Topic: small amount in tsp
Replies: 20
Views: 1592

Re: small amount in tsp

I would keep it. I struggled with the same thing when I stopped serving, but figured I'd keep it open, because there's no way to get back in if you totally close it out. Years later, it's been instrumental in helping me keep my tIRA balances at 0, meaning I can do backdoor Roths without worrying abo...
by MBB_Boy
Fri Jul 20, 2018 11:16 am
Forum: Personal Finance (Not Investing)
Topic: Can churning negatively affect getting a good mortgage rate?
Replies: 19
Views: 1534

Re: Can churning negatively affect getting a good mortgage rate?

Many churners actually experience a boost to their credit score from the practice. Hurting your credit score is a common concern and myth, and it's addressed in the wiki of r/churning if you want to read more. I'm a churner (moderate) and got a mortgage last year. I didn't open a card for 6 months b...
by MBB_Boy
Fri Jul 20, 2018 11:00 am
Forum: Personal Finance (Not Investing)
Topic: Financial transparency
Replies: 19
Views: 1116

Re: Financial transparency

Key part of your post - YOU took HER to Europe. It's one thing for two people to disagree about how much money should be spent on a vacation together; it's incredibly uncouth and disrespectful to call somone cheap for where they choose to stay when you're the recipient of a gift. I could also be rea...
by MBB_Boy
Sun Jul 15, 2018 12:05 pm
Forum: Personal Consumer Issues
Topic: Tipping at non sit down places
Replies: 94
Views: 8883

Re: Tipping at non sit down places

1) If there's a tip jar, I tip. 2) When there's a "no tipping" sign, I don't tip. 3) If there's neither a tip jar nor a "no tipping" sign, I call it as I see it. Re cash versus credit card: 1) When I've asked servers if they get tips paid by credit card, they've always said "Yes, I do, but thanks f...
by MBB_Boy
Sun Jul 15, 2018 11:59 am
Forum: Personal Consumer Issues
Topic: Tipping at non sit down places
Replies: 94
Views: 8883

Re: Tipping at non sit down places

The people working in these type of places are getting paid a full wage, usually minimum, but still a full wage. Its up to the employer to ensure their people are compensated properly. In this case I do not tip, though there are some rare exceptions. On the other hand those working in a "sit down" ...
by MBB_Boy
Wed Jul 04, 2018 11:23 am
Forum: Investing - Theory, News & General
Topic: Vanguard to offer non-Vanguard ETFs commission-free
Replies: 245
Views: 25234

Re: Vanguard to offer non-Vanguard ETFs commission-free

Pretty sure the long term play for them is to sell their customer list and UI/platform tech. After all, they are popular with the young and affluent.....or at least the young and interested. Some financial firm or bank is going to eventually want to buy the customers An open question is how many of...
by MBB_Boy
Wed Jul 04, 2018 11:22 am
Forum: Investing - Theory, News & General
Topic: Vanguard to offer non-Vanguard ETFs commission-free
Replies: 245
Views: 25234

Re: Vanguard to offer non-Vanguard ETFs commission-free

Ah, it's nice when feedback to Vanguard leads to implementation. The costs and expenses to implement commissions are probably higher than any income that they get from commissions anyways. This is also why Robinhood and M1 Finance are not going to survive in my opinion. Pretty sure the long term pl...
by MBB_Boy
Wed Jul 04, 2018 11:02 am
Forum: Investing - Theory, News & General
Topic: Vanguard to offer non-Vanguard ETFs commission-free
Replies: 245
Views: 25234

Re: Vanguard to offer non-Vanguard ETFs commission-free

Ah, it's nice when feedback to Vanguard leads to implementation. The costs and expenses to implement commissions are probably higher than any income that they get from commissions anyways. This is also why Robinhood and M1 Finance are not going to survive in my opinion. Pretty sure the long term pl...
by MBB_Boy
Sat Jun 02, 2018 11:13 am
Forum: Personal Investments
Topic: Mega Backdoor when value is down?
Replies: 6
Views: 956

Re: Mega Backdoor when value is down?

Thanks all. I'll go ahead and get it moved over
by MBB_Boy
Sat May 12, 2018 4:35 pm
Forum: Personal Investments
Topic: Mega Backdoor when value is down?
Replies: 6
Views: 956

Mega Backdoor when value is down?

All, First time poster - made an account today just to answer this question! Took a look at one of my previous employer 401k, and the value of my after-tax 401k is LESS than my contributions. My first thought was "Great! Now I can do the megabackdoor without the pain of splitting out the gains into ...