Search found 70 matches

by dkb140
Wed Jul 31, 2019 9:43 am
Forum: Personal Finance (Not Investing)
Topic: consolidating HSA accounts into new Fidelity HSA account
Replies: 9
Views: 1209

Re: consolidating HSA accounts into new Fidelity HSA account

You may be able to avoid the HE fees by doing an indirect transfer if you haven't already done one in the last 365 days.

Check out this article:

https://thefinancebuff.com/how-to-rollo ... r-fee.html
by dkb140
Mon May 13, 2019 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: Excel worksheet for calculating SS bend points
Replies: 44
Views: 7210

Re: Excel worksheet for calculating SS bend points

I replaced the values in your ranked list with:

Code: Select all

=LARGE(E$3:E$57,1)
=LARGE(E$3:E$57,2)
...
=LARGE(E$3:E$57,35)
So it automatically pulls out the 35 highest-paid years.
by dkb140
Tue May 07, 2019 5:26 pm
Forum: Personal Investments
Topic: I tried to fire my financial advisor of 12 years today...
Replies: 127
Views: 14688

Re: I tried to fire my financial advisor of 12 years today...

Not only was he charging you 1.5%, I'd bet the managed funds he had you in had expense ratios up over 1%. So if you add those in, you were probably paying him ~2.5% per year to (mis) manage your money. I don't know about you, but I can't afford to pay someone $16k a year to make bad bets with my mon...
by dkb140
Tue May 07, 2019 3:06 pm
Forum: Personal Investments
Topic: 45 and 43 years old, 2 kids: Please advice on Retirement/Asset Allocation/Tax Efficiency/Loan Prepayment
Replies: 10
Views: 2252

Re: 45 and 43 years old, 2 kids: Please advice on Retirement/Asset Allocation/Tax Efficiency/Loan Prepayment

We appreciate it very much if we can get advice on the following: : Goals : 1. Simplify the portfolio. There are some assets in 401K and Deferred Salary Account where I do not have many options to make a lot of changes but do have flexibility in taxable and IRA accounts. 2. Long term financial savi...
by dkb140
Thu Nov 15, 2018 6:37 pm
Forum: Personal Investments
Topic: 401k Post Tax vs Brokerage Question
Replies: 9
Views: 644

Re: 401k Post Tax vs Brokerage Question

Planned 2019 Contributions 401k - $19,000 Pre-Tax; $5k Post-Tax HSA - $3,500 Roth IRA - $6,000 via Backdoor Taxable Brokerage - $1k/mos I just learned that my employer allows post-tax 401k contributions up to the total contribution limit, and allows for in-service distributions of post-tax dollars ...
by dkb140
Thu Nov 15, 2018 6:28 pm
Forum: Personal Investments
Topic: Is HSA for us?
Replies: 9
Views: 1028

Re: Is HSA for us?

Head of household with dependent children. ACA premium is low because of low income, but deductible is through the roof - 15k OOP for family, 6k per person. I consider it a catastrophic coverage essentially. Is HSA for us? Two concerns - HSA account left behind is treated as income to children, in ...
by dkb140
Thu Nov 15, 2018 6:16 pm
Forum: Personal Investments
Topic: Is maxing out Tax defered 401(k) enough?
Replies: 49
Views: 5673

Re: Is maxing out Tax defered 401(k) enough?

Assets: Primary Residence : $430k conservative estimate. His 401k : $135k (95:5 Stocks:Bonds) Her 401k: $115k(95:5 Stocks:Bonds) RE investment: Total of $135k in three different opportunities with 5 year hold period and currently earning quarterly cash dividends of 2-2.5% (8-10% annually). CD: $20k...
by dkb140
Thu Nov 15, 2018 5:52 pm
Forum: Personal Investments
Topic: Contribution limits question (Defined Contribution Limits)
Replies: 6
Views: 457

Re: Contribution limits question (Defined Contribution Limits)

401k/403b/457 Elective Deferral Limit 401k/403b/457 contribution limit will go up by $500 from $18,500 in 2018 to $19,000 in 2019. If you are age 50 or over, the catch-up contribution limit will stay the same at $6,000 in both 2018 and 2019. Employer match or profit sharing contributions aren’t inc...
by dkb140
Thu Nov 15, 2018 5:47 pm
Forum: Personal Investments
Topic: Should I fund a 401k by drawing down a taxable account?
Replies: 15
Views: 927

Re: Should I fund a 401k by drawing down a taxable account?

As long as you have a plan to fund the first years of retirement until 59.5, then yes I would go as far down the list as possible funding all the tax advantaged/deferred plans you can. For me, my 2018 limits look like: 1. HSA (paying healthcare out of pocket & saving receipts til 65) - $3450 2. Matc...
by dkb140
Tue Oct 02, 2018 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: Mango prepaid card - 4.8% (effective) APY
Replies: 557
Views: 369068

Re: Mango prepaid card - 4.8% (effective) APY

I've been able to make Mango work so far. I set up a $400 biweekly direct deposit & added the Mango card as a funding source to my Serve account so I was able to pull money from Mango to Serve then push it out to my checking account without any fees. I'm planning to leave $0 in the card spending acc...
by dkb140
Tue Oct 02, 2018 4:17 pm
Forum: Personal Investments
Topic: What to do with cash in the short term?
Replies: 36
Views: 3386

Re: What to do with cash in the short term?

So far I've found: 6.03% on $5000 @ Mango (with $800 net direct deposit) 5.12% on $1000 @ Digital FCU 4.99% on $1000 @ Blue FCU 4.00% on $2000 @ Priemer Members CU 3.00% on $15000 @ Lake Michigan CU 5.00% on $1000 each @ NetSpend, Western Union, HEB, Ace Elite, & Brinks Adds up to a blended 4.08% on...
by dkb140
Tue Oct 02, 2018 1:46 pm
Forum: Personal Investments
Topic: What to do with cash in the short term?
Replies: 36
Views: 3386

Re: What to do with cash in the short term?

Farmboyslim83 wrote:
Tue Oct 02, 2018 1:22 pm
Lake Michigan Credit Union, 3% up to 15k, is a pretty painless hoop-jumping option
Nice, I might move $15k of my emergency savings to LMCU. I wish DCU had a higher limit.
by dkb140
Tue Oct 02, 2018 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: My bank and absurd policy for "no fee"
Replies: 51
Views: 4526

Re: My bank and absurd policy for "no fee"

+1 on switching to a credit union.

Digital Credit Union also pays 5.12% on the first $1000 in their Primary Savings, so might as well park $1000 there.
https://www.dcu.org/personal-banking/sa ... -shar.html
by dkb140
Tue Oct 02, 2018 1:14 pm
Forum: Personal Investments
Topic: What to do with cash in the short term?
Replies: 36
Views: 3386

Re: What to do with cash in the short term?

If you don't mind jumping through the monthly hoops (mainly 10 debit card purchases), the reward-checking account (RCA) at Heritage Bank is paying 3.33% APY on up to $25K. If you're a hoop-jumper you could also get: 5.28% (effective after fees) on $5000 with MangoMoney https://www.mangomoney.com/wh...
by dkb140
Tue Oct 02, 2018 1:05 pm
Forum: Personal Investments
Topic: What to do with cash in the short term?
Replies: 36
Views: 3386

Re: What to do with cash in the short term?

There are several 2.25% online savings accounts (without any hoops to jump through) like MySavingsDirect and Northfield Bank, I'd look at one of those if you'll need it in ~2 years.
by dkb140
Tue Oct 02, 2018 12:55 pm
Forum: Personal Investments
Topic: Bonds... Why do people bother with them. ?
Replies: 71
Views: 7979

Re: Bonds... Why do people bother with them. ?

All signs right now say end of cycle. Right now I'm thinking if I want to go to 10% bonds 90% stock now's the time. What i don't know is what bonds to buy (a ladder sounds hard and I don't understand how T-bill auctions work I'm just thinking buy a bond fund). We're officially in the longest bull r...
by dkb140
Tue Oct 02, 2018 12:37 pm
Forum: Personal Investments
Topic: Portfolio Help; Two Young Physicians
Replies: 7
Views: 802

Re: Portfolio Help; Two Young Physicians

Sounds like you two are off to a great start! My focus at this point would be to avoid lifestyle creep and max out all the tax-advantaged savings you can! I'd go down this list and max out: HSA (and save healthcare receipts forever) 401k/403b/457 (Backdoor) Roth IRA Mega Backdoor Roth IRA, if either...
by dkb140
Tue Oct 02, 2018 12:22 pm
Forum: Personal Investments
Topic: Bonds... Why do people bother with them. ?
Replies: 71
Views: 7979

Re: Bonds... Why do people bother with them. ?

I think the better questions is: are there any better options than bonds to hedge against a market downturn?

I'm not crazy about bonds right now with rising interest rates, but are there any better options out there with higher average returns and a negative correlation with the stock market?
by dkb140
Tue Oct 02, 2018 11:57 am
Forum: Personal Investments
Topic: Financial Plan for 25 year old
Replies: 9
Views: 1187

Re: Financial Plan for 25 year old

I’m 25 years old. I work as a union nurse making roughly 85k-90k a year. I should be getting a 2nd job in January with access to a 457 plan. I have close to zero expenses and no debt. My plan is: Maximize my traditional 403b (I already started doing this) Maxmize my Roth IRA (Already started, might...
by dkb140
Tue Oct 02, 2018 11:46 am
Forum: Personal Investments
Topic: ROTH IRA - does it worth it?
Replies: 4
Views: 524

Re: ROTH IRA - does it worth it?

Without much detail to go on, I'd say follow the funding priority as far as you can:

https://www.bogleheads.org/wiki/Priorit ... nvestments
by dkb140
Mon Oct 01, 2018 1:36 pm
Forum: Personal Investments
Topic: Should we pay off $90K mortgage with idle cash or not?
Replies: 46
Views: 6249

Re: Should we pay off $90K mortgage with idle cash or not?

I have accounts at Discover Bank and their current savings account rate is 1.8%. I just did some research and I found some other online banks paying 1.85% and 1.9% but nothing at 2.35%. Would you mind sharing names? I see three at 2.25% currently: MySavingsDirect - https://www.mysavingsdirect.com N...
by dkb140
Mon Oct 01, 2018 1:28 pm
Forum: Personal Investments
Topic: Im going to die somewhere between Bankruptcy and $20 million
Replies: 46
Views: 10078

Re: Im going to die somewhere between Bankruptcy and $20 million

Forgive my ignorance, but why save receipts for 30+ years? What’s the benefit? Can you still reimburse yourself after such a long period, even if it was a qualifying event? Yes, you can reimburse yourself for qualified medical expenses at any point in time. The benefit is that you're loading your H...
by dkb140
Mon Oct 01, 2018 1:23 pm
Forum: Personal Investments
Topic: Mango Money - Worried about Direct Deposit
Replies: 21
Views: 5159

Re: Mango Money - Worried about Direct Deposit

I stumbled across Mango & loaded up $5000 in my quest for higher yields on my emergency funds. Mango currently requires $800 in Direct Deposit(s) per month net of any ACH transfers to get their 6% rate so I set up $400 biweekly direct deposits. There was still the problem unloading funds without usi...
by dkb140
Thu Sep 27, 2018 5:28 pm
Forum: Personal Investments
Topic: Should we pay off $90K mortgage with idle cash or not?
Replies: 46
Views: 6249

Re: Should we pay off $90K mortgage with idle cash or not?

1. I'd be trying to stuff as much of your $114k into W's retirement accounts as possible while she is still working.

2. As your CD's come due, I'd move your cash to an online high yield savings account. There are at least three currently offering 2.25% FDIC insured.
by dkb140
Thu Sep 27, 2018 5:05 pm
Forum: Personal Investments
Topic: Im going to die somewhere between Bankruptcy and $20 million
Replies: 46
Views: 10078

Re: Im going to die somewhere between Bankruptcy and $20 million

A little off topic, but now that you mention it...what’s the preferred strategy for HSAa when I actually have a qualified expense and am able to pay out of pocket: a) use the HSA or b) pay out of pocket, invest as much as I can and try to maximize the growth in that account? And should my allocatio...
by dkb140
Thu Sep 27, 2018 4:58 pm
Forum: Personal Investments
Topic: Looking for help investing 140k savings
Replies: 15
Views: 2171

Re: Looking for help investing 140k savings

Questions: Long Term 1. How would you invest $80,000 of savings for long term? Short Term 3. How would you invest $60,000 for a short term 5-10 year goal of purchasing a home? First, I agree with the others and would run away from the 1.5% Adviser. You can find everything you need on this forum but...
by dkb140
Thu Sep 27, 2018 4:17 pm
Forum: Personal Investments
Topic: Maxing my 401K
Replies: 4
Views: 449

Re: Maxing my 401K

Fidelity reccomends 2X salary by 35 & 3X by 40: https://www.fidelity.com/viewpoints/retirement/how-much-money-do-i-need-to-retire As far as one-size-fits-all rules of thumb go, that seems like a reasonable target. If you can max out your 401ks and/or Roth IRAs, I would aim for that, especially if yo...
by dkb140
Fri Sep 21, 2018 5:04 pm
Forum: Personal Investments
Topic: Retiring at 55 - regular 401k vs. ROTH 401k....which?
Replies: 10
Views: 1196

Re: Retiring at 55 - regular 401k vs. ROTH 401k....which?

The easiest way I can think to get at your pre-tax funds penalty-free would be to take "substantially equal" withdraws from your active 401k at the company you retire from at 55+. If that's your goal, I'd be maxing out those contributions now and I would try to roll other 401k or tIRA funds into it....
by dkb140
Fri Sep 21, 2018 4:56 pm
Forum: Personal Investments
Topic: Saving for house down payment with Vanguard VWINX or VSCGX?
Replies: 15
Views: 2729

Re: Saving for house down payment with Vanguard VWINX or VSCGX?

If you decide to stay out of the market, there are 3-5 year CDs over 3%. Northfield Bank and MySavingsDirect offer 2.25%:
https://www.enorthfield.com/rates/deposit
https://www.mysavingsdirect.com/secureb ... arnMore.do

There are other 2.25% HYS accounts out there.
by dkb140
Fri Sep 21, 2018 4:42 pm
Forum: Personal Investments
Topic: Investing my first million
Replies: 46
Views: 8171

Re: Investing my first million

Do you have a tax-deferred company plan--401k, 403b, etc? I don't. The reason is that I moved to the US fairly recently, and I'm not sure yet if I'll stay here for many more years, so I'm not convinced investing in a 401k is actually a good strategy. What are you doing with the other 5mil? I'll pro...
by dkb140
Fri Sep 21, 2018 4:32 pm
Forum: Personal Investments
Topic: Out of Market
Replies: 23
Views: 3603

Re: Out of Market

If you do want to move to CDs, Achieva CU is offering 4.2% IRA CDs, I'd look at those:
https://www.depositaccounts.com/banks/a ... cu/offers/
by dkb140
Fri Sep 21, 2018 4:27 pm
Forum: Personal Investments
Topic: Help with HSA fund selection
Replies: 7
Views: 698

Re: Help with HSA fund selection

If you're planning to use this as a retirement account & not touch it for XX years, I like throwing it all in VSIAX for max growth & putting your Bond/Intl allocations in another account, but I tilt towards Small Cap Value.
by dkb140
Fri Sep 21, 2018 4:18 pm
Forum: Personal Investments
Topic: Savings (Investing) for house
Replies: 15
Views: 1714

Re: Savings (Investing) for house

You could also refinance your townhome freeing up the cash you've put in it and pay off that loan after you sell it. Some refinance loans used to have minimum time limits or closed early fees, you'd have to check. But usually you use the equity in one home to make the downpayment in the next or if ...
by dkb140
Fri Sep 21, 2018 2:44 pm
Forum: Personal Investments
Topic: Switching Vxus (tot int vanguard) to ftipx (Fid tot int)
Replies: 9
Views: 648

Re: Switching Vxus (tot int vanguard) to ftipx (Fid tot int)

I’m thinking of selling about 140k of etf Vxus (Vang tot international) and switch to ftipx (Fidelity total international) for simplicity and to save some on fees in my 401k. Any downsides anyone can think of? Can one sell 140k of the etf fairly easily? Will fidelity let me invest this much into th...
by dkb140
Fri Sep 21, 2018 2:34 pm
Forum: Personal Investments
Topic: High employer contribution, still max 403b before taxable?
Replies: 30
Views: 1619

Re: High employer contribution, still max 403b before taxable?

How do i calculate the tax hit on converting the IRA? ... Im assuming its just federal + state taxes at the effective tax rates? Yes, your marginal tax rate. so if you're filing jointly in the 24% bracket, 24% of $85k is $20,400. 32% would be $27,200. 1. max out 403b, $18500 2. max out tIRA, non de...
by dkb140
Fri Sep 21, 2018 12:34 pm
Forum: Personal Investments
Topic: Im going to die somewhere between Bankruptcy and $20 million
Replies: 46
Views: 10078

Re: Im going to die somewhere between Bankruptcy and $20 million

On paper I would probably have enough to retire sooner, but to me the biggest constraints seem to be 1) access to funds in a retirement account and 2) health insurance. To address the first issue, I am saving some money in a taxable account to give me some flexibility. (And I'm aware of the Roth IR...
by dkb140
Fri Sep 21, 2018 12:23 pm
Forum: Personal Investments
Topic: Im going to die somewhere between Bankruptcy and $20 million
Replies: 46
Views: 10078

Re: Im going to die somewhere between Bankruptcy and $20 million

How much weight should I be giving to calculators like this? Age: 33 Current Savings: 750k Annual Savings: 58k Retirement Withdrawal: 60k Retire at 55 50/50 Allocation I made Stocks and Bonds both be -3% returns relative to their historical returns, due to all sorts of opinions that long term retur...
by dkb140
Fri Sep 21, 2018 12:08 pm
Forum: Personal Investments
Topic: High employer contribution, still max 403b before taxable?
Replies: 30
Views: 1619

Re: High employer contribution, still max 403b before taxable?

Couple thoughts... 1. I'd definitely max out your $18,500 pre-tax 403b contributions before ramping up taxable, unless you had a large need for cash coming up soon. 2. To open up future backdoor roth contributions could you do a Roth Conversion of your current tIRA? 3. If it's not practical or you ...
by dkb140
Mon Sep 17, 2018 6:28 pm
Forum: Personal Investments
Topic: New Job 1 year 401k wait, advice?
Replies: 12
Views: 1536

Re: New Job 1 year 401k wait, advice?

Max out your current 401k contributions immediately. Do they allow Roth contributions? max those out too. Is delaying your start date or working both jobs temporarily an option? Would your current company let you go part-time, evenings, weekends, or whatever will fit? Will your current company allow...
by dkb140
Mon Sep 17, 2018 5:51 pm
Forum: Personal Investments
Topic: Portfolio Review, Age 31, $1.5 million net worth
Replies: 38
Views: 9281

Re: Portfolio Review, Age 31, $1.5 million net worth

1. Municpal bonds? 2. Margin loan for emergency fund liquidity? 3. Renters insurance? Umbrella policy? 4. Reminders / Automate investments with variable monthly amounts? 5. Donate appreciated shares? 6. Tracking tax lots? 7. Get a will? 8. Hire a CPA? 9. Tax loss harvesting? 1. Yes, in your tax bra...
by dkb140
Mon Sep 17, 2018 5:21 pm
Forum: Personal Investments
Topic: Vanguard Personal Advisor - .30%
Replies: 23
Views: 3852

Re: Vanguard Personal Advisor - .33%

I'd drop them & see if there's anything you miss worth over $333 to you.
by dkb140
Mon Sep 17, 2018 5:19 pm
Forum: Personal Consumer Issues
Topic: Xfinity Mobile
Replies: 134
Views: 23531

Re: Xfinity Mobile

I've had Spectrum Mobile for the last few months, an almost identical Verizon network MVNO offering from Charter/Spectrum. I got a free S8 as part of an employee trial, or I would have been concerned about the phone choices & prices. I use a fair amount of data so I went with their $45 Unlimited Dat...
by dkb140
Mon Sep 17, 2018 5:10 pm
Forum: Personal Investments
Topic: Helping my dad with his IRA
Replies: 16
Views: 1363

Re: Helping my dad with his IRA

I found 4.20% IRA CD at Achieva Credit Union. Does anyone see anything fishy about this: https://www.achievacu.com/Home/Rates ? NCUA-insured, looks great to me! Whatever he doesn't expect to need in the next 5 years, I'd put in here if an IRA CD is his preference. Maybe ladder the rest 20% in cash,...
by dkb140
Mon Sep 17, 2018 4:42 pm
Forum: Personal Investments
Topic: Vanguard Personal Advisor - .30%
Replies: 23
Views: 3852

Re: Vanguard Personal Advisor - .33%

There are few on this forum who would argue for continuing to pay a .33% advisory fee.
by dkb140
Mon Sep 17, 2018 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: Side Hustle Options/Suggestions.
Replies: 99
Views: 12467

Re: Side Hustle Options/Suggestions.

I had a CPA teach one of my undergrad finance classes.

Are there any universities near you? Maybe watch for an evening adjunct professor position teaching 1 night class/semester.
by dkb140
Mon Sep 17, 2018 3:41 pm
Forum: Personal Investments
Topic: Can I have an oversized emergency savings account?
Replies: 19
Views: 2468

Re: Can I have an oversized emergency savings account?

I really only need 25K for my emergency savings. I have about 55k right now sitting in checking. I was thinking of going with an online savings account with higher interest and using that as emergency savings + not yet invested money and put like 50k in it. How much you want to hold in cash is up t...
by dkb140
Mon Sep 17, 2018 3:32 pm
Forum: Personal Investments
Topic: Confused with Backdoor Roth, need some help
Replies: 6
Views: 549

Re: Confused with Backdoor Roth, need some help

Rollovers do not count as contributions, so no impact on your contribution limits.

If you have decent funds in your current 401k, I'd probably look at rolling it there first.

You might also be able to just roll the $4000 into your Roth as well.
by dkb140
Mon Sep 17, 2018 3:20 pm
Forum: Personal Investments
Topic: High employer contribution, still max 403b before taxable?
Replies: 30
Views: 1619

Re: High employer contribution, still max 403b before taxable?

Couple thoughts... 1. I'd definitely max out your $18,500 pre-tax 403b contributions before ramping up taxable, unless you had a large need for cash coming up soon. 2. To open up future backdoor roth contributions could you do a Roth Conversion of your current tIRA? 3. If it's not practical or you a...
by dkb140
Mon Sep 17, 2018 2:38 pm
Forum: Personal Investments
Topic: Thinking of Retiring at 52, Please Critique Plan
Replies: 61
Views: 10008

Re: Thinking of Retiring at 52, Please Critique Plan

Great advice in this thread. My biggest concern retiring in my 50s would be healthcare expenses. I'd want to have that 100% figured out before giving up my company coverage. I'm also concerned about your diversity & asset allocation, but I think others have better suggestions there. I'd also suggest...