Search found 2455 matches

by megabad
Mon Nov 11, 2019 4:29 pm
Forum: Personal Investments
Topic: Bonds split in Retirement/Taxable Acct
Replies: 4
Views: 476

Re: Bonds split in Retirement/Taxable Acct

I am still not sure about Vanguard Total International Bond Index (VTABX). The SEC Yield 0.43% as listed on Vanguard web site sounds too low to me. Is this the overall total yield or am I missing something? If it is 0.43%, then it may work in taxable also compared to total bond market index. Rememb...
by megabad
Mon Nov 11, 2019 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: Excess after tax 401K contributions - Need help with the next steps
Replies: 4
Views: 297

Re: Excess after tax 401K contributions - Need help with the next steps

I am not sure which one is easier. I assume they will send you a 1099. I am not sure whether you will owe excise tax penalty or not. Is there a chance you will fail HCE testing and have another mandated distribution? I would say this is a bit of a worst case scenario for megabackdoor roth pursuers. ...
by megabad
Mon Nov 11, 2019 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: Estimating back taxes?
Replies: 5
Views: 367

Re: Estimating back taxes?

It sounds like you have some records. I would gather them and consult with your Enrolled Agent or Tax Attorney and then approach the IRS at his/her advice. Unfortunately, I would suggest that you might be somewhat at their mercy if you have intentionally failed to file for that long. From what I hea...
by megabad
Mon Nov 11, 2019 3:54 pm
Forum: Personal Investments
Topic: VMATX (MA Tax Free) for proceeds from locking in LTCG?
Replies: 4
Views: 435

Re: VMATX (MA Tax Free) for proceeds from locking in LTCG?

1. Is this too many eggs in 1 basket/too conservative for an 8-year timeline? There are a few other MA Muni Bond funds (MFS .85%, Eaton Vance.77%, Nuveen .8%) but VMATX beats them all for lowest fees and long-term returns. I think I somewhat agree that this may be too many eggs in one basket. You a...
by megabad
Mon Nov 11, 2019 3:36 pm
Forum: Personal Consumer Issues
Topic: Anyone had their house repiped?
Replies: 32
Views: 3295

Re: Anyone had their house repiped?

Long story short, I've had three leaks in the past 18 months, with the previous two under the subfloor in the crawl with the latest on Friday being in a wall resulting in water damage. The house is from the late 80s and has a combo of copper and CPVC piping. I can pay around $500 to fix this leak o...
by megabad
Mon Nov 11, 2019 3:21 pm
Forum: Personal Investments
Topic: USAA Giving Fund (Donor Advised Fund)
Replies: 10
Views: 408

Re: USAA Giving Fund (Donor Advised Fund)

We probably won't be keeping a high balance in the account (probably less than $15K at any given time). But you will be contributing more than 15k right? Otherwise, DAF might not be worth it. USAA minimum grant is $50 like Fidelity. Admin fees may be similar (not sure about min fee). Investment fee...
by megabad
Mon Nov 11, 2019 3:13 pm
Forum: Personal Consumer Issues
Topic: Questions re mobile virtual network operators (MVNOs)
Replies: 7
Views: 362

Re: Questions re mobile virtual network operators (MVNOs)

- How does a MVNO handle installation of the new SIM card after you move to their plan? Do they just mail it to you and you have to insert it into the phone yourself? Yep. My last 2 times, they sent a little postcard with 2-3 steps for activation. Easier than going to a store in my opinion. - If yo...
by megabad
Mon Nov 11, 2019 2:58 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity - promotion bonus
Replies: 43
Views: 6225

Re: Fidelity - promotion bonus

I guess I'm glad that so many find chasing these things not worth the time. If everyone realized that the pay/hr was so high the bonuses would probably dry up. +1 I guess I'm glad that Vanguard doesn't play these games. FYI, this post is about the bonuses drying up. Most people lose more in ER and ...
by megabad
Wed Nov 06, 2019 1:29 pm
Forum: Personal Investments
Topic: Solo 401k With multiple "Businesses"
Replies: 7
Views: 553

Re: Solo 401k With multiple "Businesses"

Generally, businesses that are related and/or affiliated would face an aggregated maximum limit (generally 56,000 for 2019). I am not sure of your details so beyond this, the exact limit (if less than the maximum) is hard to determine. Not exactly sure what "net loss" means and the exact definition ...
by megabad
Wed Nov 06, 2019 1:20 pm
Forum: Investing - Theory, News & General
Topic: 2020 IRS Limits Announced for 401(k)'s etc.
Replies: 27
Views: 4184

Re: IRS announces 2020 retirement plan contribution limit increases

I don't see any mentioned of the total qualified plan contribution limit? Did I miss it? If not, does that mean it did not increase or that the IRS just foolishly left it out of the Notice? Does it come out in a separate employer notice? It's in there. The limitation for defined contribution plans ...
by megabad
Wed Nov 06, 2019 1:16 pm
Forum: Investing - Theory, News & General
Topic: 2020 IRS Limits Announced for 401(k)'s etc.
Replies: 27
Views: 4184

Re: IRS announces 2020 retirement plan contribution limit increases

I don't see any mentioned of the total qualified plan contribution limit? Did I miss it? If not, does that mean it did not increase or that the IRS just foolishly left it out of the Notice? Does it come out in a separate employer notice?
by megabad
Wed Nov 06, 2019 1:13 pm
Forum: Personal Consumer Issues
Topic: Going small on a Windows PC
Replies: 17
Views: 1323

Re: Going small on a Windows PC

In my experience, small format desktops are not cost effective for consumer use. Purchasing a laptop will generally get you comparable technology at a lower price point. Just my thoughts.
by megabad
Wed Nov 06, 2019 1:11 pm
Forum: Personal Investments
Topic: IRA contribution limit is per person?
Replies: 13
Views: 541

Re: IRA contribution limit is per person?

Thank you very much! This question came about since we're looking to get money into our Roth IRA. We're over the income limit to make a direct contribution to a Roth. Before we married, I used this backdoor and made a non deductible IRA contribution each year which I then converted into the Roth IR...
by megabad
Wed Nov 06, 2019 1:09 pm
Forum: Personal Investments
Topic: IRA contribution limit is per person?
Replies: 13
Views: 541

Re: IRA contribution limit is per person?

Just wanted to clarify this since you said "...contribute...into the IRA...". This implies there is only one IRA. My understanding is that there would be two in the case you outlined. The limit is 6,000 for one and 7,000 for the other independently. Not 13,000 for one account. But together, these se...
by megabad
Wed Nov 06, 2019 11:14 am
Forum: Personal Investments
Topic: DAF & International Stock
Replies: 1
Views: 123

DAF & International Stock

Will Fidelity DAF accept in-kind international stock holdings? If so, I assume there will be extra costs for this upon transacting (for currency/forex costs, exchange fees/commissions etc). Are there any better DAF options for this purpose. Has anybody done this?
by megabad
Wed Nov 06, 2019 10:38 am
Forum: Personal Finance (Not Investing)
Topic: How common is ACH fraud on checking accounts?
Replies: 55
Views: 10295

Re: How common is ACH fraud on checking accounts?

Hi All, Looking for some advice. A friend of mine (who has health issues) called and said her bank account had been compromised. There are many unknown charges going back about 4 months. The charges are numerous but all < $1K and mostly to what appears to be credit card accounts. She was in touch w...
by megabad
Wed Nov 06, 2019 10:24 am
Forum: Personal Finance (Not Investing)
Topic: How common is ACH fraud on checking accounts?
Replies: 55
Views: 10295

Re: How common is ACH fraud on checking accounts?

I'm not sure how you never use ach or checks. Not everyone takes credit cards. Other than depositing and withdrawing cash, how do move money in and out of the account without checks out ACH? Wire only? Strictly speaking you are right, there are a few items that you likely need to use ACH/checks for...
by megabad
Tue Nov 05, 2019 7:26 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity - promotion bonus
Replies: 43
Views: 6225

Re: Fidelity - promotion bonus

Just wanted to point out that 2500 bonus on 1 million is...oh...let's say about 1 basis point across 30 years. Probably not the biggest deal so I wouldn't put too much effort into this. I guess it could be a bigger deal if you did it every few years, but you would then have to somehow find ETFs that...
by megabad
Tue Nov 05, 2019 7:12 pm
Forum: Personal Consumer Issues
Topic: Received bill from sub-contractor after paying general contractor in full
Replies: 14
Views: 3069

Re: Received bill from sub-contractor after paying general contractor in full

I agree with keeping it civil until getting clarity from the GC. it could be a mistake as you indicated. If so and he confirms and it goes away, I would immediately ask for a copy of all the subcontractor lien wavers from the GC and ask for one from him as well. Next time do this prior to paying ret...
by megabad
Tue Nov 05, 2019 7:08 pm
Forum: Personal Finance (Not Investing)
Topic: How common is ACH fraud on checking accounts?
Replies: 55
Views: 10295

Re: How common is ACH fraud on checking accounts?

My savings account was drained via ACH. The account information was never public to begin with so I don't know how they got that information. You aren't going to like my answer, but I might suggest the most common cause is probably bank error. A bit scary if that is the reason though. Also, old ban...
by megabad
Tue Nov 05, 2019 6:47 pm
Forum: Investing - Theory, News & General
Topic: Total Bond vs In State municipal bond fund
Replies: 8
Views: 779

Re: Total Bond vs In State municipal bond fund

I suggest you rerun the numbers if you don't see a significant difference. Last I ran them most recently, I was seeing about 20% higher return on the CA munis when compared to similar term taxable bond indices after tax. It is hard to match the duration/maturity exactly though so maybe that is where...
by megabad
Tue Nov 05, 2019 6:18 pm
Forum: Personal Finance (Not Investing)
Topic: Increase Purchase Mortgage Rate for less closing costs if going to refinance?
Replies: 5
Views: 436

Re: Increase Purchase Mortgage Rate for less closing costs if going to refinance?

Some good points from hand above to consider. I would just add that, if seller is requiring this, to me it seems quite reasonable to expect him/her to pay the difference in financing costs at closing.
by megabad
Tue Nov 05, 2019 6:10 pm
Forum: Personal Investments
Topic: Retirement
Replies: 21
Views: 2715

Re: Retirement

I’m currently 37 years old and if I were to invest 20% of my income yearly for the next 30 years at a modest 5% return I could retire at 67 years of age with $4 million. $4 million would be 25x my expenses. I also still have student loans to pay off as well as a big mortgage and car loan. Meaning I...
by megabad
Tue Nov 05, 2019 5:54 pm
Forum: Personal Investments
Topic: Portfolio Review
Replies: 12
Views: 846

Re: Portfolio Review

Well I would say that if you are concerned specifically with large cap value exposure than maybe Vanguard Multifactor isn't for you. That said, it is pretty strongly large value right now in my opinion judging by P/E, P/B and top holdings. I would not trust that SVFMF would do anything other than wh...
by megabad
Tue Nov 05, 2019 5:42 pm
Forum: Personal Consumer Issues
Topic: Cars outside Apt broken into- Recommendation on Easy, Affordable Security System for Apartment
Replies: 17
Views: 1270

Re: Cars outside Apt broken into- Recommendation on Easy, Affordable Security System for Apartment

Concerned less so about the cars and more about ex and my child's safety and peace of mind. What is an easy, low maintenance, low hassle security system? Any specific, brands, models you'd recommend? Remington, Mossberg, Winchester. 12 gauge double zero buck. I don't do much maintenance on mine and...
by megabad
Tue Nov 05, 2019 5:32 pm
Forum: Personal Consumer Issues
Topic: Vent Cleaning
Replies: 4
Views: 734

Re: Vent Cleaning

I realize that laws vary by location but it seems to me that the landlord should be responsible for cleaning the ducts. Am I right in this case? What should I say if they come back and say they won't do it again? Changing filters or duct cleaning? Not a lawyer, but in every area I have lived in, I ...
by megabad
Tue Nov 05, 2019 5:21 pm
Forum: Personal Investments
Topic: Managing 403b deferrals through Fidelity appropriately
Replies: 5
Views: 223

Re: Managing 403b deferrals through Fidelity appropriately

All of the plans I have seen recently only allow a %, but a long time ago, I had a plan that allowed a fixed amount or a %. The fixed amount was restricted to the same max that the % was. In other words, you could not do what you suggest since it was impossible. I assume every plan could be differen...
by megabad
Tue Nov 05, 2019 5:04 pm
Forum: Investing - Theory, News & General
Topic: WSJ article "Avoid These Costly Roth-Conversion Mistakes"
Replies: 13
Views: 2150

Re: WSJ article "Avoid These Costly Roth-Conversion Mistakes"

Just wanted to point out that the article is very strangely written to me. They gloss over a pretty complicated issue if the meaning is what folks have posted here (I can't tell from the excerpt and I don't get WSJ). If you have pre/post 1986 after tax elements to your 401k with gains, the path to r...
by megabad
Tue Nov 05, 2019 3:54 pm
Forum: Personal Consumer Issues
Topic: Any house thermostat experts here?
Replies: 5
Views: 656

Re: Any house thermostat experts here?

Trying to replace a 25 year old Honeywell thermostat. I have a gas furnace with no AC. Most models offer so many options that I don't need. 7day[5+2] programming w/o the intelligent {?} feature that overides my start/stop times is what I'm used to. Also,what is the c wire? I have 3 wires-r,w,&g. Su...
by megabad
Tue Nov 05, 2019 3:45 pm
Forum: Personal Consumer Issues
Topic: Your Fantasy Kitchen (Cookware-wise)
Replies: 57
Views: 4126

Re: Your Fantasy Kitchen (Cookware-wise)

I didn't see that you had a cast iron pan? I think that is a key item. My Lodge works fine and is a staple and cheap. If you want the highest end and supposedly the best, Le Creuset also makes an iron pan that is supposed to be incredible. A cast iron pan will be the only piece of cookware you have ...
by megabad
Tue Nov 05, 2019 3:21 pm
Forum: Personal Investments
Topic: Portfolio help
Replies: 5
Views: 481

Re: Portfolio help

Thank you for your generous and helpful responses to our questions. We like your simplification of our portfolio. We too are fans of the G fund. With respect to questions 2 and 3 above, we now realize you would have to be a mind-reader to understand our withdrawal order and the use of the funds! Ou...
by megabad
Mon Nov 04, 2019 6:36 pm
Forum: Personal Finance (Not Investing)
Topic: How far can/should I go leveraging on rental properties?
Replies: 21
Views: 1766

Re: How far can/should I go leveraging on rental properties?

Looks to me like you are basically financing rental real estate with 6-7% debt. I would make sure you run the numbers to see if you are getting a proper risk adjusted return. In my area, you would almost certainly not be. Mortgage debt, in contrast, is artificially cheap due to support from the gove...
by megabad
Mon Nov 04, 2019 6:30 pm
Forum: Personal Finance (Not Investing)
Topic: ACA Marketplace
Replies: 14
Views: 1789

Re: ACA Marketplace

Just to give you an opposite view, I would view a $200 month ACA bronze plan as a steal. Some are quoting closer to $500-$1000 or more. It is my opinion that the best place to get insurance is from your US employer. If that is not an option, then the ACA is your best bet. The other options rank far ...
by megabad
Mon Nov 04, 2019 6:17 pm
Forum: Personal Finance (Not Investing)
Topic: Health Insurance Company Reviews
Replies: 15
Views: 1253

Re: Health Insurance Company Reviews

Since you haven't gotten any replies, I will add my non-answer. I would say that based on what I assume the demographic of AZ is, the subsidized healthcare market there would be actuarially unfavorable for many large insurers so I would understand limited options. I don't value health insurer review...
by megabad
Mon Nov 04, 2019 5:52 pm
Forum: Personal Finance (Not Investing)
Topic: Municipal Retirement Plan, Good?
Replies: 10
Views: 807

Re: Municipal Retirement Plan, Good?

Is it good compared to what? Compared to a traditional pension I would say a cash balance plan is abysmal. They were literally designed to save employers money and are extremely opaque which is a huge negative in my opinion. However, compared to investing in taxable account in a high tax bracket, pr...
by megabad
Mon Nov 04, 2019 5:42 pm
Forum: Personal Finance (Not Investing)
Topic: PBGC and GE Pension Question
Replies: 7
Views: 826

Re: PBGC and GE Pension Question

1. It is my understanding that GE will be required going forward to make sure that their pension liability meets some minimum requirements of solvency. In other words, GE added $6B to the fund last year and anticipates this latest round of changes will add an additional $6 to $8B to the fund. The c...
by megabad
Mon Nov 04, 2019 5:05 pm
Forum: Personal Investments
Topic: 30 year old check-in / Prioritizing Funding
Replies: 10
Views: 935

Re: 30 year old check-in / Prioritizing Funding

1. Regarding Step #2, how much money should I contribute to the Roth 457b if the employer does not match? Should I skip this step? Well you don't really "skip it". If your employer match is zero, than your step here is contribute zero and you revisit the employer retirement plans at the later steps...
by megabad
Mon Nov 04, 2019 4:43 pm
Forum: Personal Investments
Topic: Cash to Intermediate Treasuries Now?
Replies: 7
Views: 905

Re: Cash to Intermediate Treasuries Now?

Do I see anything wrong with following your carefully predetermined asset allocation and rebalancing goals? No.
by megabad
Mon Nov 04, 2019 4:40 pm
Forum: Personal Investments
Topic: Parent's retirement investing help
Replies: 16
Views: 1863

Re: Parent's retirement investing help

delamer wrote:
Mon Nov 04, 2019 1:30 pm
Do they have any liquid assets other than the $50,000?
+1. If not, I might suggest that a high yield savings account or money market fund is the perfect place for what I would call an emergency fund.
by megabad
Mon Nov 04, 2019 4:36 pm
Forum: Personal Investments
Topic: Portfolio help
Replies: 5
Views: 481

Re: Portfolio help

Questions: 1. How could we improve or simplify our holdings? We’ve used buy and hold with annual rebalancing across all accounts based on a 2005 Vanguard plan with a gradual decrease in stock holdings as we approached retirement. You said simplify so below is what my slightly "simpler" portfolio mi...
by megabad
Mon Nov 04, 2019 3:53 pm
Forum: Personal Investments
Topic: Investment Allocation & Questions
Replies: 6
Views: 588

Re: Investment Allocation & Questions

Just wanted to touch on your choosing ETFs vs mutual funds with redemption fees question--be careful using this as a universal rule. I am not familiar with VGRLX/VNQI but Vanguard usually charges redemption fees when funds are relatively young or illiquid. To me, this might imply a relatively unstab...
by megabad
Mon Nov 04, 2019 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella policy with no car insurance
Replies: 18
Views: 1198

Re: Umbrella policy with no car insurance

OP, your findings seem consistent with mine in the past. I researched non owner policies years ago and decided against them because they had huge gaps when I was in traveling sales that basically defeated the point. It is my opinion that they don't offer much value. If you don't drive at all, my thi...
by megabad
Sun Nov 03, 2019 1:14 am
Forum: Personal Investments
Topic: Coming In Hot portfolio review
Replies: 7
Views: 1396

Re: Coming In Hot portfolio review

Since you may get advice to change your portfolio, just wanted to point out that I would not touch the megacorp stock in the 401k until you at least investigate your specific benefits with respect to NUA. I have no idea what that means. A year or three ago, I moved some of the megacorp stock over t...
by megabad
Sun Nov 03, 2019 1:11 am
Forum: Investing - Theory, News & General
Topic: VG Mutual Fund Acct vs. VG Brokerage Acct
Replies: 13
Views: 1156

Re: VG Mutual Fund Acct vs. VG Brokerage Acct

It was my understanding that the primary "advantage" is that I get to keep my account at Vanguard. As you stated, I was forced to change. You also get a small amount of SIPC insurance I suppose. I don't see much difference in the actual functions of the online "accounts" (the word accounts has many...
by megabad
Thu Oct 24, 2019 4:54 pm
Forum: Personal Investments
Topic: Mega-backdoor Roth Has Gains and Losses
Replies: 21
Views: 1316

Re: Mega-backdoor Roth Has Gains and Losses

Should I care about these "losses" for purposes of doing the rollover to Roth? My short answer is probably not. The longer answer is I guess technically you might want to save the losses to "net against gains" if you find yourself in a situation where you would have a total net loss after conversio...
by megabad
Thu Oct 24, 2019 4:42 pm
Forum: Personal Consumer Issues
Topic: Quality Retirement Issues website (like VG)
Replies: 3
Views: 557

Re: Quality Retirement Issues website (like VG)

Broken Man 1999 wrote:
Thu Oct 24, 2019 10:59 am
Many would say you are on such a site already.
+1 Personally not extremely experienced on all the topics you mentioned, but I can tell you that a search for Part D brings up over 50,000 posts on bogleheads. Odds are someone has been through it before and you might find some good info here.
by megabad
Thu Oct 24, 2019 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: 401k rollover to Roth after 70...
Replies: 5
Views: 255

Re: 401k rollover to Roth after 70...

just like me to confuse traditional and roth ira rules. edited my post above. thanks Alan S
by megabad
Thu Oct 24, 2019 4:13 pm
Forum: Personal Finance (Not Investing)
Topic: Trustee and Financial Advisor
Replies: 5
Views: 437

Re: Trustee and Financial Advisor

I would think if you were a sole proprietor than this might be allowable but I don't see any reason why you would want to. If not a sole proprietor, I would assume you would likely be changing the trustee which would require a process spelled out in each trust agreement so only you would know the an...
by megabad
Thu Oct 24, 2019 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: 401k rollover to Roth after 70...
Replies: 5
Views: 255

Re: 401k rollover to Roth after 70...

8hygro wrote:
Thu Oct 24, 2019 3:19 pm
I mentioned the five year rule. He does not think it applies as he will be over 70. I see nothing written that backs that up. Does anyone know if he is correct?
Figure 2-1 in publication 590B seems to disagree.

edit: corrected my post per Alan S. you can contribute to Roth post 70.
by megabad
Thu Oct 24, 2019 3:46 pm
Forum: Investing - Theory, News & General
Topic: Fidelity 529 - Which one?
Replies: 3
Views: 562

Re: Fidelity 529 - Which one?

- Is there any difference between free from "interest and dividend taxes" and "income taxes"? Is this a trick question? The difference is that one is just on interest and dividends (NH does not tax W2 income). I wouldn't think you would care much about this since you don't live in any of these stat...