Search found 129 matches

by cashheavy18
Sun Oct 11, 2020 8:09 am
Forum: Personal Investments
Topic: How do in-kind transfers work?
Replies: 12
Views: 820

Re: How do in-kind transfers work?

Reviving an old thread since I am jumping brokerage firms to gain a bonus. How long will I be out of the market when doing an in-kind transfer from one institution to another? $1,200 bonus on $500k could easily be wiped out in a 3-5 days of sitting on the sidelines during what's expected to be a tu...
by cashheavy18
Thu Sep 10, 2020 8:25 pm
Forum: Personal Consumer Issues
Topic: Gift Stock For Little Nephew?
Replies: 4
Views: 463

Re: Gift Stock For Little Nephew?

Yes and yes. Need to have a custodial account. Make sure parents are aware of it.
by cashheavy18
Thu Aug 27, 2020 9:39 pm
Forum: Personal Investments
Topic: Automatic Investing
Replies: 4
Views: 399

Re: Automatic Investing

What is the best strategy for automatic investing in a taxable account? Is it possible to do direct deposit from paycheck with the deposit automatically buying mutual funds (similar to a 401k paycheck contribution) ? Does anyone with experience with both Fidelity and Vanguard favor one over the oth...
by cashheavy18
Thu Aug 27, 2020 3:17 pm
Forum: Personal Investments
Topic: Most effective way of selling the already vested RSU???
Replies: 27
Views: 1579

Re: Most effective way of selling the already vested RSU???

This might not apply to everyone, but I’d rather realize a dollar today (when I know the tax rate) than have my widow realize a dollar x years from now at an unknown, but probably higher, rate. Wouldn't your widow get the "stepped up" cost basis? Granted that rule can be changed at the wh...
by cashheavy18
Sat Aug 08, 2020 7:53 pm
Forum: Personal Investments
Topic: My "Try to Beat Market Fun Money" Has Done That, Thoughts on Next Steps
Replies: 9
Views: 1472

Re: My "Try to Beat Market Fun Money" Has Done That, Thoughts on Next Steps

Hi Everyone, I've been a Boglehead maybe 15 years or so and have been pretty disciplined. (Set it and forget it, don't sell when there's a drop, don't buy when increases, rebalance annually, etc....) I did not panic during 2008-ish years and I have not chased returns. Except...About 3 years ago on ...
by cashheavy18
Wed Aug 05, 2020 10:51 am
Forum: Personal Investments
Topic: MM fund alternatives
Replies: 11
Views: 1043

Re: MM fund alternatives

In lieu of (or in addition to) money market funds you might want to consider multi-year guaranteed annuities (MYGAs) if they work for your financial situation. Example --- Fixed Annuity Rates for August 2020 ---https://www.blueprintincome.com/fixed-annuities Rates per above link. Two year rates as ...
by cashheavy18
Fri Jul 24, 2020 10:00 am
Forum: Personal Finance (Not Investing)
Topic: Amex Shop Small Online Shops
Replies: 37
Views: 3291

Re: Amex Shop Small Online Shops

This has been working very well.

I receive an email confirming "you've earned $5 back for shopping small" withing 30 minutes of making the purchase.

Nice benefit right now.
by cashheavy18
Tue Jun 30, 2020 1:44 pm
Forum: Personal Consumer Issues
Topic: Your best Charity suggestion Please!
Replies: 22
Views: 771

Re: Your best Charity suggestion Please!

We give locally and always designate what the funds are to be used for . This way the dollars don't go into the general pot to be used for administrative expenses. We are currently focused on supporting our: -local food pantry -local school district which is providing meals and hygiene items for stu...
by cashheavy18
Thu May 28, 2020 12:30 pm
Forum: Personal Consumer Issues
Topic: The "Best of" for Aldi?
Replies: 135
Views: 11858

Re: The "Best of" for Aldi?

A very discerning friend and foodie believes strongly in their produce, and another comments positively on the price and quality of their Avocadoes. Tim I'm a self-proclaimed discerning foodie and I agree with your friends comments as well. Produce is good and their avocados are really good. Prices...
by cashheavy18
Wed May 20, 2020 5:05 pm
Forum: Personal Investments
Topic: Simplest way to gift shares at Vanguard
Replies: 22
Views: 1333

Re: Simplest way to gift shares at Vanguard

I regularly give cash donations to a non profit but I had considered instead giving shares instead since it seems I could divest some highly appreciated shares without incurring a large capital gain but the receiving non profit can sell without a capital gain tax. Do you know if the process is simi...
by cashheavy18
Tue Apr 14, 2020 7:14 pm
Forum: Personal Consumer Issues
Topic: Learning 2 foreign languages simultaneously: bad idea for 5 year old?
Replies: 28
Views: 1511

Re: Learning 2 foreign languages simultaneously: bad idea for 5 year old?

Not a bad idea at all! Our children have heard 3 languages from day one. They are both linguistically talented, picking up languages easily (including new ones that have nothing to do with their mother tongues). A key question is whether your 5 year old is only learning online or can it be reinforce...
by cashheavy18
Thu Mar 19, 2020 6:51 pm
Forum: Personal Consumer Issues
Topic: Pay cleaning lady during coronavirus pause?
Replies: 73
Views: 6057

Re: Pay cleaning lady during coronavirus pause?

Yes! We had this discussion last week in our household and sent a text to our cleaning person and let them know, we will be paying you, but please don't come for right now.

We have the means and it is a small part to play during this time of economic turmoil for so many.
by cashheavy18
Sat Mar 14, 2020 9:26 pm
Forum: Personal Consumer Issues
Topic: Learning Resources for kids
Replies: 5
Views: 564

Re: Learning Resources for kids

Some examples of online resources: https://kidsactivitiesblog.com/135609/list-of-education-companies-offering-free-subscriptions/?fbclid=IwAR37ODIIiKj5QOk7yR9qd2LlUSemiO6ktklQ_B8n4hwBVy2xn9cgDgRdv3E Free online resources for kids https://docs.google.com/document/d/e/2PACX-1vSZhOdEPAWjUQpqDkVAlJrFwxx...
by cashheavy18
Sun Mar 08, 2020 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: Tax advice - W2 income and deductions
Replies: 14
Views: 814

Re: Tax advice - W2 income and deductions

You have the opportunity to bunch charitable deductions together (alternating years) to get over the standard deduction.
by cashheavy18
Fri Mar 06, 2020 1:43 pm
Forum: Personal Investments
Topic: E-Trade Bank Account Thoughts
Replies: 2
Views: 270

Re: E-Trade Bank Account Thoughts

I've been a long time customer of E-Trade (checking, savings). All good. Since E-Trade checking is our primary - convenient to move money from one account to another plus brokerarge.

Hoping the 1.7% holds.
by cashheavy18
Thu Feb 27, 2020 8:07 am
Forum: Investing - Theory, News & General
Topic: Article by the founder of Intuit and Personal Capital: Bitcoin is a scam
Replies: 23
Views: 2317

Re: Article by the founder of Intuit and Personal Capital: Bitcoin is a scam

Hello,

Would you please edit the subject line of this post for accuracy: Bill Harris isn't the founder of Intuit, Scott Cook is. Bill was CEO from 1995-1999.

Thank you.
by cashheavy18
Mon Feb 17, 2020 4:57 pm
Forum: Personal Consumer Issues
Topic: Club Med
Replies: 11
Views: 1929

Re: Club Med

We have been to Club Med in both Cancun and Punta Cana - you see a lot of multi-generational families there and it works very well. Plenty of organized activities for the kids and freedom to do as they please (lots of activity options for adults too). Excursions can be planned by the resort, if it i...
by cashheavy18
Tue Feb 04, 2020 8:54 am
Forum: Personal Finance (Not Investing)
Topic: Lower-cost donor-advised funds?
Replies: 34
Views: 2087

Re: Lower-cost donor-advised funds?

I realize you are looking to transfer a large amount at once ($1-2M) and make annual distributions from there. If you already know which organizations you want to donate to, consider transferring the stock directly to them - bypass the DAF altogether. Ask the non-profit what their process is to don...
by cashheavy18
Mon Feb 03, 2020 6:57 pm
Forum: Personal Finance (Not Investing)
Topic: Lower-cost donor-advised funds?
Replies: 34
Views: 2087

Re: Lower-cost donor-advised funds?

I try to use my DAF as a conduit and not as a place to hold not-my-money anymore. Share donations go in just before the money gets granted to charities. The 0.6% fee on any residual amounts does not amount to much given the flow of money through the DAF. Would you please say more on how the fees ar...
by cashheavy18
Mon Feb 03, 2020 6:54 pm
Forum: Personal Finance (Not Investing)
Topic: Lower-cost donor-advised funds?
Replies: 34
Views: 2087

Re: Lower-cost donor-advised funds?

I realize you are looking to transfer a large amount at once ($1-2M) and make annual distributions from there. If you already know which organizations you want to donate to, consider transferring the stock directly to them - bypass the DAF altogether. Ask the non-profit what their process is to dona...
by cashheavy18
Mon Feb 03, 2020 5:18 pm
Forum: Personal Finance (Not Investing)
Topic: Help! Alliant is stealing my money via wrongful right of offset
Replies: 21
Views: 2829

Re: Help! Alliant is stealing my money via wrongful right of offset

CFPB + email executives here (may be outdated): https://www.elliott.org/company-contacts/alliant-credit-union/ Be clear, concise, and professional in your wording. Have had to use this on other organizations before; typically goes to an "Executive Customer Service" team who reaches out an...
by cashheavy18
Thu Jan 30, 2020 9:46 pm
Forum: Personal Finance (Not Investing)
Topic: Should We Even Bother Applying for College Financial Aid?
Replies: 28
Views: 2202

Re: Should We Even Bother Applying for College Financial Aid?

Nope.

We didn't bother with FAFSA. Child #1 did get a merit scholarship that covered 1/2 of tuition.
by cashheavy18
Thu Jan 30, 2020 7:19 pm
Forum: Personal Consumer Issues
Topic: paying cleaning lady
Replies: 49
Views: 5076

Re: paying cleaning lady

I pay by what work is done vs. by the hour. 2 women come in to clean about 1700 square feet (kitchen, 1 bed room, 1 1/2 bath, dining, family room, office) on a weekly basis for $60. Payment is made by check. I was told I'm getting a better price on a weekly basis, because things don't get that dirty...
by cashheavy18
Sun Jan 26, 2020 7:25 pm
Forum: Personal Investments
Topic: My mom's entire 401k balance did not transfer when her 401k administrator changed. Need help recovering her funds!
Replies: 31
Views: 3016

Re: My mom's entire 401k balance did not transfer when her 401k administrator changed. Need help recovering her funds!

Having worked for a TPA (A Third Party Administrator is an organization that manages many day-to-day aspects of employee retirement plans), everything is documented and tracked and this information would be available by the HR department. Both Voya and Empower should provide the HR department specif...
by cashheavy18
Sat Jan 11, 2020 10:09 am
Forum: Personal Finance (Not Investing)
Topic: College student, hourly worker, eligible to participate in 403(b) plan
Replies: 5
Views: 277

Re: College student, hourly worker, eligible to participate in 403(b) plan

Interesting. At the large state university where I used to work, students were specifically excluded in the 403b plan document. I second the Roth opinion, though. Most full-time college students would be hard-pressed to max out an IRA, let alone start contributing to a 403b -- congratulations on re...
by cashheavy18
Sat Jan 11, 2020 9:48 am
Forum: Personal Finance (Not Investing)
Topic: College student, hourly worker, eligible to participate in 403(b) plan
Replies: 5
Views: 277

Re: College student, hourly worker, eligible to participate in 403(b) plan

I wouldn't jump for joy just yet. Can you give some details on the funds, fees and ER's? Many 403(b)'s are notoriously high fee and aren't the best. It may be better to have the student invest in ROTH IRA. Student is in the lowest or maybe 0% tax bracket, so ROTH is a good fit. Of, course that may ...
by cashheavy18
Sat Jan 11, 2020 9:02 am
Forum: Personal Finance (Not Investing)
Topic: College student, hourly worker, eligible to participate in 403(b) plan
Replies: 5
Views: 277

College student, hourly worker, eligible to participate in 403(b) plan

Unsure how common this is, but sharing for those of you with college students who you encourage to learn and participate in tax advantaged investing. Just found out (wish we knew from the beginning) that our college student is eligible to participate in their University's 403(b) plan as an hourly em...
by cashheavy18
Fri Jan 10, 2020 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: Donating $1M
Replies: 75
Views: 11794

Re: Donating $1M

If one is concerned that the donated dollars are used for the greatest impact: you can make a designated donation (how the funds are used is restricted). Reputable non-profits will honor honor your wishes. Some examples of a designation/restriction on a donation: -Donation cannot be used for operati...
by cashheavy18
Tue Jan 07, 2020 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: How to plan for future tax implications?
Replies: 4
Views: 395

Re: How to plan for future tax implications?

I think you won't be able to spend all your money, so you might as well give it away. Whether you give to charitable causes or the US government is sort of your choice. And I think you're right. We have been on the journey of donating meaningful sums to charitable organizations for the past 17 year...
by cashheavy18
Tue Jan 07, 2020 5:22 pm
Forum: Personal Finance (Not Investing)
Topic: How to plan for future tax implications?
Replies: 4
Views: 395

Re: How to plan for future tax implications?

I would run these numbers through the extended IORP and then the RPM spreadsheet calculators and then spot check with tax software. Extended IORP - quicker, allows easy 'what ifs' with variables. RPM - slower , harder to load and understand, much more valuable details once you have some variables w...
by cashheavy18
Tue Jan 07, 2020 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: How to plan for future tax implications?
Replies: 4
Views: 395

How to plan for future tax implications?

With the recent retirement tax law changes and reading various threads the past couple of weeks, I would like to get thoughts on strategies to implement to deal with our tax deferred accounts. With a little over a 20 year window until RMDs kick in there is the potential that our tax deferred account...
by cashheavy18
Mon Jan 06, 2020 10:08 am
Forum: Personal Finance (Not Investing)
Topic: Estate planning; testamentary trust; naming estate as beneficiary?
Replies: 17
Views: 690

Re: Estate planning; testamentary trust; naming estate as beneficiary?

bsteiner wrote: Fri Jan 03, 2020 4:10 pm Choice 3: name the trusts for your children under your Wills as contingent beneficiaries.
This is what was recommended to us and what we have done.
by cashheavy18
Fri Dec 20, 2019 8:42 pm
Forum: Personal Investments
Topic: ESPP Charitable Donation Tax Question
Replies: 5
Views: 506

Re: ESPP Charitable Donation Tax Question

Just came across this post. We frequently donate(transfer) ESPP shares (held for more than a year) to non-profits we support and it's been the same as any other stock donation.

Great way to donate!
by cashheavy18
Sat Dec 07, 2019 6:45 pm
Forum: Personal Finance (Not Investing)
Topic: Deduction of stock donation
Replies: 19
Views: 775

Re: Deduction of stock donation

I am unsure of the response to the specific question, but whenever we donate stock to a charity, we are provided a receipt that indicates the FMV on the day the non-profit liquidated the stock. This is what we've always used for the donation amount.
by cashheavy18
Fri Jul 26, 2019 10:58 am
Forum: Personal Consumer Issues
Topic: AirBnB asking for govt photo ID verification to book
Replies: 18
Views: 1779

Re: AirBnB asking for govt photo ID verification

blackcat allie wrote: Fri Jul 26, 2019 10:53 am
runner540 wrote: Fri Jul 26, 2019 10:39 am A regular hotel or train booking in Europe will ask for an ID too...
I haven't experienced this, where they require upload of photo ID, prior to arrival.
Not prior, but at check-in.
by cashheavy18
Tue Jul 23, 2019 11:02 am
Forum: Personal Investments
Topic: 24 years old: How should I invest my extra money?
Replies: 17
Views: 1331

Re: 24 years old: How should I invest my extra money?

You're off to an amazing start - congratulations. I think this is a nice summary for in which order you should invest (for now and in the future): The order in which you should invest your money: https://forum.mrmoneymustache.com/investor-alley/investment-order/msg1333153/#msg1333153 If you have a M...
by cashheavy18
Tue Jul 23, 2019 9:34 am
Forum: Personal Consumer Issues
Topic: Thinking about buying late grandparents' house, proper boundaries with rest of family?
Replies: 27
Views: 2528

Re: Thinking about buying late grandparents' house, proper boundaries with rest of family?

We have gone through this process 6-7 years ago. Grandmother passed away and none of the 6 children wanted/or were able to afford buying the house. The children really wanted to keep the house in the family (has been in the family 100 + years). The house was offered to any of the grandchildren to pu...
by cashheavy18
Wed Jul 10, 2019 3:46 am
Forum: Personal Investments
Topic: Why don’t all employer 401k plans have the option of a mega-backdoor?
Replies: 4
Views: 849

Re: Why don’t all employer 401k plans have the option of a mega-backdoor?

Here's a thread with some discussion on this topic. Bottom line (in my opinion) is cost/benefit for the employer to implement and how many people are going to take advantage of it.

viewtopic.php?f=1&t=268204&p=4291203#p4291203
by cashheavy18
Tue Jun 25, 2019 7:46 am
Forum: Personal Investments
Topic: Donate stock
Replies: 13
Views: 1061

Re: Donate stock

I'm also interested in donating appreciated stock to a favorite charity. My interest is not in the deductibility (we don't itemize), but rather to avoid the capital gains taxes that would accrue if we sold the stock and donated the money. Am I correct in thinking that if we directly donated the sto...
by cashheavy18
Fri May 31, 2019 8:02 pm
Forum: Personal Finance (Not Investing)
Topic: Should I encourage my kids to work in high school/college?
Replies: 224
Views: 15776

Re: Should I encourage my kids to work in high school/college?

I just asked this question to my 18 year old college aged child (whose first job at age 16 was in retail): Yes! Why? - Teaches you how to work with people. Some whom you may not always like - You learn what interviewing is all about, good to have some practice before a position that will really coun...
by cashheavy18
Mon May 13, 2019 7:58 am
Forum: Personal Finance (Not Investing)
Topic: Leaving My CPA
Replies: 22
Views: 2658

Re: Leaving My CPA

I don't have answers to all of your questions, but do know that Lacerte and TurboTax are both owned by Intuit, but run on different tax engine platforms.

Good luck!
by cashheavy18
Wed May 08, 2019 4:19 pm
Forum: Investing - Theory, News & General
Topic: Happy Heavenly 90th Birthday, Jack Bogle
Replies: 11
Views: 1494

Re: Happy Heavenly 90th Birthday, Jack Bogle

Joined this forum a year ago, so a relative newbie. Happy to share the same birthday with him. Hoping for the same longevity and wisdom.
by cashheavy18
Sun May 05, 2019 6:18 pm
Forum: Personal Finance (Not Investing)
Topic: How much do you donate?
Replies: 100
Views: 8458

Re: How much do you donate?

50% of MY take home income (part of a dual income family).

Have been doing this for 9 years (up from 25%, which I started 15 years ago). Use appreciated assets to donate.

Best decision made.
by cashheavy18
Wed May 01, 2019 9:01 pm
Forum: Personal Finance (Not Investing)
Topic: What Should We Do With Excess Cash Each Month?
Replies: 17
Views: 2932

Re: What Should We Do With Excess Cash Each Month?

I like the following list of how to prioritize the order of investing:

https://forum.mrmoneymustache.com/inves ... msg1333153
by cashheavy18
Fri Apr 26, 2019 4:54 pm
Forum: Personal Finance (Not Investing)
Topic: Colleague salary comparison
Replies: 54
Views: 6695

Re: Colleague salary comparison

Yes, it is public information. Not much to do (other than be aware), as each person is being paid their market value - based on their ability to produce in their specific field of expertise.
by cashheavy18
Tue Apr 23, 2019 7:36 am
Forum: Personal Consumer Issues
Topic: At what age did you buy your first first class airplane ticket?
Replies: 112
Views: 5479

Re: At what age did you buy your first first class airplane ticket?

First and only time to fly International First Class was using points about 5 years ago. Personally, I didn't think the premium was worth it over business class. Our International business class strategy is one of the following: - to look for paid deals (which over the years we've found for ~$2,300-...
by cashheavy18
Sun Apr 21, 2019 6:23 pm
Forum: Personal Finance (Not Investing)
Topic: 1st job as an MD- contract review
Replies: 16
Views: 2260

Re: 1st job as an MD- contract review

+1 to follow the discussion
by cashheavy18
Sat Apr 20, 2019 2:36 am
Forum: Personal Investments
Topic: Starting daughter's savings plan
Replies: 12
Views: 1079

Re: Starting daughter's savings plan

We have a child still in college and started this conversation as they finished high school (with money they received from graduation gifts plus part time employment). Your question and the ETF are both good, my only suggestion is if you haven't already done so, to bring your daughter along on the j...