Search found 107 matches

by YoungBogle
Sun Sep 22, 2019 11:57 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1210
Views: 150089

Re: Fidelity as a one stop shop

I’ve opened the accounts at Fidelity and am doing the 2 account set up where I am keeping $0 in CMA, and over-drafting from brokerage where cash is settled in SPAXX. I recently tried to Venmo someone $50, however the Venmo wouldn’t go through as my “checking acct (CMA)” was at $0 balance. Has anyone...
by YoungBogle
Wed Sep 04, 2019 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: 24yo enrolling in 1st 401k-- after tax contr NOT roth 401k
Replies: 15
Views: 889

Re: 24yo enrolling in 1st 401k-- after tax contr NOT roth 401k

I believe I should choose 100% Roth contributions over traditional 401k contributions, because I believe my tax rate will be higher when I retire/withdraw Interested in your reasons for this. Outside of retirement account withdrawals in retirement, what other sorts of income do you expect to have? ...
by YoungBogle
Wed Sep 04, 2019 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: 24yo enrolling in 1st 401k-- after tax contr NOT roth 401k
Replies: 15
Views: 889

Re: 24yo enrolling in 1st 401k-- after tax contr NOT roth 401k

Thank you, very valuable info given. Do not confuse being wealthy with having a high tax bracket. They are not the same thing at all. There is a very large population of retirees (mostly couples) who are in the 12% tax bracket right now. A married couple can bring in a little over $100k taxable inco...
by YoungBogle
Wed Sep 04, 2019 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: 24yo enrolling in 1st 401k-- after tax contr NOT roth 401k
Replies: 15
Views: 889

Re: 24yo enrolling in 1st 401k-- after tax contr NOT roth 401k

Silk McCue wrote:
Wed Sep 04, 2019 3:11 pm
https://www.bogleheads.org/wiki/After-tax_401(k)

Cheers
I'll read up on that Wiki, thank you for the resource and your viewpoint. Much appreciated.
by YoungBogle
Wed Sep 04, 2019 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: 24yo enrolling in 1st 401k-- after tax contr NOT roth 401k
Replies: 15
Views: 889

24yo enrolling in 1st 401k-- after tax contr NOT roth 401k

I'm currently enrolling in my first 401k and would like some feedback from BH's as I choose either pretax or after tax contributions (company does not offer roth 401k contributions). I was surprised to learn that "after tax" contributions are not the same as roth 401k contributions . Background: CPA...
by YoungBogle
Fri Aug 30, 2019 9:34 pm
Forum: Personal Investments
Topic: Rolling over trad & roth 401k with backdoor roth in mind
Replies: 3
Views: 294

Rolling over trad & roth 401k with backdoor roth in mind

I apologize if this question is confusing, I'll try and make it as clear as possible. I currently have money invested in "Current Company"'s 401k in both, pre tax (traditional) 401k, and post tax (roth) 401k. Lets say sometime down the road I get a new job with "New Company" and thus, a new 401k. I ...
by YoungBogle
Thu Aug 29, 2019 8:58 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone pay bills with cashback debit card?
Replies: 4
Views: 470

Re: Anyone pay bills with cashback debit card?

runner3081 wrote:
Thu Aug 29, 2019 8:38 pm
YoungBogle wrote:
Thu Aug 29, 2019 8:03 pm
1) Is this even feasible? Do bills paid by a checking account (ie mortgage) count as “purchases” thus yielding 1% back?
Aren't those actually paid by ACH, not debit card?

They would not qualify for 1%.
Hmmm ok that answers my question. So much for that idea haha thanks for the clarification.
by YoungBogle
Thu Aug 29, 2019 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone pay bills with cashback debit card?
Replies: 4
Views: 470

Anyone pay bills with cashback debit card?

Like many, I try to pay every bill with a credit card for the added protection and rewards. Recently, I learned that some debit cards give cashback. For example, from a quick search, the Discover cashback debit gives you 1% cash back on up to $3000/month in purchases. Assuming my bills only payable ...
by YoungBogle
Sat Aug 10, 2019 2:07 am
Forum: Investing - Theory, News & General
Topic: threshold for paying debt
Replies: 41
Views: 2943

Re: threshold for paying debt

JoeRetire wrote:
Fri Aug 09, 2019 12:33 pm
YoungBogle wrote:
Fri Aug 09, 2019 12:31 pm
4% is my threshold. Any debt under 4%, I will only pay the minimum and invest the excess.
Why 4% ? What makes that the right number for you?
4% is where I believe it's in my best interest to pay the minimum and invest the excess.
by YoungBogle
Sat Aug 10, 2019 2:00 am
Forum: Personal Investments
Topic: 401 K allocation
Replies: 3
Views: 407

Re: 401 K allocation

Stay with target retirement fund
by YoungBogle
Fri Aug 09, 2019 12:31 pm
Forum: Investing - Theory, News & General
Topic: threshold for paying debt
Replies: 41
Views: 2943

Re: threshold for paying debt

4% is my threshold. Any debt under 4%, I will only pay the minimum and invest the excess.
by YoungBogle
Sun Aug 04, 2019 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: Schwab as a one stop shop
Replies: 62
Views: 7242

Re: Schwab as a one stop shop

IMO, Pro’s of schwab compared to fidelity: -they have a separate banking branch, Charles schwab bank, as opposed to a CMA w/Fido -schwab debit card has no foreign transaction fees (non-factor because I wouldn’t use a debit card for purchases abroad) Cons of schwab “: -affiliated no AF credit card ea...
by YoungBogle
Wed Jul 31, 2019 11:51 am
Forum: Personal Investments
Topic: Portfolio Review
Replies: 5
Views: 381

Re: Investments Overview: Should I do something different?

I would advise you to move your betterment IRA’s to Vanguard and invest the money in Target Retirement funds like you have done in your 401k. That .25% AUM fee can really add up after time. Luckily if you do decide to move, there will be no tax consequences since they are IRA’s. Just make sure to do...
by YoungBogle
Fri Jul 19, 2019 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: Do I need a transaction free credit card for Ireland?
Replies: 70
Views: 3278

Re: Do I need a transaction free credit card for Ireland?

If I use say Capital One Quicksilver (may get that one) and I want ATM cash how does that work. Need $200, put in the card, get the cash. What would you expect that to cost? I would get the Cap1 Venture card instead.. $500 sign up bonus, first year annual fee is waived, and earning 2% back on every...
by YoungBogle
Mon Jul 15, 2019 1:58 am
Forum: Personal Finance (Not Investing)
Topic: student credit card - best time to apply?
Replies: 8
Views: 513

Re: student credit card - best time to apply?

I had a winter internship at the time so I guess temporary employment. For salary, I inputted no more than a couple thousand and was approved. In my opinion 5 weeks should be enough work history, at least he has some cash flow. My starting credit limit was $600 I believe. FWIW, denials only impact t...
by YoungBogle
Mon Jul 15, 2019 1:38 am
Forum: Personal Finance (Not Investing)
Topic: student credit card - best time to apply?
Replies: 8
Views: 513

Re: student credit card - best time to apply?

College student here who studied abroad. I got the Capital one Journey card and then a year or so later, product changed to the Capital One Quiksilver.
by YoungBogle
Thu Jun 27, 2019 1:20 pm
Forum: Personal Finance (Not Investing)
Topic: high interest savings & checking accounts make sense?
Replies: 20
Views: 1858

Re: high interest savings & checking accounts make sense?

Heritage sounds nice, consider wealthfront cash at 2.57% for your balance over 25k.
by YoungBogle
Wed Jun 26, 2019 5:39 pm
Forum: Personal Investments
Topic: Help evaluating my financial position and next steps
Replies: 7
Views: 869

Re: Help evaluating my financial position and next steps

Looks like you’re doing great, I would take bonds out of your Roth and put them in trad 401k
by YoungBogle
Mon Jun 24, 2019 6:24 pm
Forum: Personal Investments
Topic: Investment how to start
Replies: 7
Views: 548

Re: Investment how to start

I would edit your original post to add this newly formatted portfolio review in the beginning so people will see it instantly!
by YoungBogle
Fri Jun 21, 2019 1:48 pm
Forum: Personal Consumer Issues
Topic: Highest % cash back credit card
Replies: 77
Views: 6638

Re: Highest % cash back credit card

Paypal Cashback Mastercard I have the Citi Cashback card and it's been good, but the Paypal card has the added benefit of having no foreign transaction fee while being a flat 2%. I would have given the Paypal card a harder look if it would have been available at the time. If it makes you feel any b...
by YoungBogle
Fri Jun 21, 2019 1:45 pm
Forum: Personal Investments
Topic: 401K advice
Replies: 18
Views: 1627

Re: 401K advice

I concur the Vanguard Target retirement fund is great. I think what’s more important to think about is whether Roth 401k or traditional is better for you. For the majority, the latter is recommended.

https://thefinancebuff.com/case-against-roth-401k.html
by YoungBogle
Fri Jun 21, 2019 1:14 am
Forum: Personal Investments
Topic: What should be my next investing move?
Replies: 7
Views: 1116

Re: What should be my next investing move?

Perhaps transfer the Valic Roth to Vanguard?
by YoungBogle
Thu Jun 20, 2019 7:31 pm
Forum: Personal Consumer Issues
Topic: Highest % cash back credit card
Replies: 77
Views: 6638

Re: Highest % cash back credit card

Paypal Cashback Mastercard I have the Citi Cashback card and it's been good, but the Paypal card has the added benefit of having no foreign transaction fee while being a flat 2%. I would have given the Paypal card a harder look if it would have been available at the time. If it makes you feel any b...
by YoungBogle
Thu Jun 20, 2019 6:21 pm
Forum: Personal Consumer Issues
Topic: Highest % cash back credit card
Replies: 77
Views: 6638

Re: Highest % cash back credit card

Paypal Cashback Mastercard I have the Citi Cashback card and it's been good, but the Paypal card has the added benefit of having no foreign transaction fee while being a flat 2%. I would have given the Paypal card a harder look if it would have been available at the time. If it makes you feel any b...
by YoungBogle
Thu Jun 20, 2019 6:09 pm
Forum: Personal Consumer Issues
Topic: Highest % cash back credit card
Replies: 77
Views: 6638

Re: Highest % cash back credit card

Fidelity FIA 2% for general purchase, FIA will send reward to your Fidelity account automatically (I use Fidelity 529) For eat out and gasoline, I will use Costco Citi Visa (3% eat, 4% gas) For traveling, I use Chase CSR (though $150 annual fee), you will free airport lounge access, global entry, c...
by YoungBogle
Thu Jun 20, 2019 12:53 am
Forum: Investing - Theory, News & General
Topic: YouInvest vs. Vanguard
Replies: 6
Views: 1014

Re: YouInvest vs. Vanguard

I may be incorrect but don’t you receive extra protections or insurance if you hold VG funds @ VG.

Also, YouInvest can stop allowing VG commission free privileges at any time
by YoungBogle
Wed Jun 19, 2019 3:17 pm
Forum: Personal Investments
Topic: 1-fund, 2-fund or 3-fund portfolio?
Replies: 22
Views: 3218

Re: 1-fund, 2-fund or 3-fund portfolio?

I like #3 for a couple reasons. It's the cheapest. And compared to #1, you won't have Vanguard deciding at some future point that they think it should shift completely to East Africa emerging bonds and Ruble FOREX trading. I exaggerate but they have screwed around with exactly what makes up their f...
by YoungBogle
Mon Jun 17, 2019 8:51 pm
Forum: Personal Investments
Topic: Consolidating accounts
Replies: 4
Views: 734

Re: Consolidating accounts

1. I would also sell Betterment and Schwab. Then using the funds to duplicate her current allocation in VG brokerage. Only thing to be aware of if there are wash sales between Schwab and betterment. 2. Only reason why I wouldn’t is if her current 401k charges fees based on AUM, or has a bad selectio...
by YoungBogle
Thu Jun 13, 2019 2:38 pm
Forum: Personal Consumer Issues
Topic: Fixing financial "leakage" - what do you do?
Replies: 23
Views: 3578

Re: Fixing financial "leakage" - what do you do?

Buy your own modem, don’t pay $12 to rent from ISP
by YoungBogle
Thu Jun 13, 2019 1:22 am
Forum: Personal Consumer Issues
Topic: Clearing customs in Seattle
Replies: 26
Views: 4707

Re: Clearing customs in Seattle

+1 no need for global entry just yet. Just get the mobile passport app and then you can skip the line and go straight to baggage claim.
by YoungBogle
Tue Jun 11, 2019 12:44 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4141
Views: 796414

Re: What's Your Credit Card Rewards Strategy?

After I left my old firm and started with a new company in April, I moved my old 401k to Merrill Edge and moved bank accounts to BOA so that I would be in the Platinum Honors tier of the Preferred Rewards Program and the plan was to use the BOA cash card on pretty much everything except gas and gro...
by YoungBogle
Mon Jun 10, 2019 4:57 pm
Forum: Investing - Theory, News & General
Topic: Is it bad to look at debt (student loans) like this?
Replies: 39
Views: 3283

Re: Is it bad to look at debt (student loans) like this?

Also, throwing in the phrase "assuming continuous employment" makes the thought exercise kind of irrelevant for similar reasons. Thanks for the comment. I don’t argue continuous employment is a lofty assumption. However would disagree that lofty assumptions automatically deems a debate or discussio...
by YoungBogle
Mon Jun 10, 2019 4:17 pm
Forum: Investing - Theory, News & General
Topic: Is it bad to look at debt (student loans) like this?
Replies: 39
Views: 3283

Re: Is it bad to look at debt (student loans) like this?

Also, throwing in the phrase "assuming continuous employment" makes the thought exercise kind of irrelevant for similar reasons. Thanks for the comment. I don’t argue continuous employment is a lofty assumption. However would disagree that lofty assumptions automatically deems a debate or discussio...
by YoungBogle
Mon Jun 10, 2019 3:47 pm
Forum: Investing - Theory, News & General
Topic: Is it bad to look at debt (student loans) like this?
Replies: 39
Views: 3283

Re: Is it bad to look at debt (student loans) like this?

MotoTrojan wrote:
Mon Jun 10, 2019 3:33 pm
Person A is going to go broke much sooner if they are both out of work. These are far from equivalent situations.
I’m under no assumption that you are incorrect, which is why continuous employment was a stated assumption and emphasized quantitatively net equal, not qualitatively.
by YoungBogle
Mon Jun 10, 2019 3:40 pm
Forum: Investing - Theory, News & General
Topic: Is it bad to look at debt (student loans) like this?
Replies: 39
Views: 3283

Re: Is it bad to look at debt (student loans) like this?

130k income, 5% state tax, single. Contribute 19k to 401k. =111k AGI. =78k after tax =56.7k after student loan payment (-21,300) =50.7k after maxing (r)IRA Here's 100k with no loans: 100k income, 5% state tax, single. Contribute 19k to 401k. =81k AGI. =60k after tax =60k after student loan payment ...
by YoungBogle
Mon Jun 10, 2019 3:25 pm
Forum: Investing - Theory, News & General
Topic: Is it bad to look at debt (student loans) like this?
Replies: 39
Views: 3283

Re: Is it bad to look at debt (student loans) like this?

Although I hope the numbers are just made up I understand and 100% agree with your post. I’m mostly posing this question to play devils advocate and have a discussion. You concede A is probably superior cause one day the debt will be paid off in X years, effectively giving one a 30k pre tax raise o...
by YoungBogle
Mon Jun 10, 2019 3:07 pm
Forum: Investing - Theory, News & General
Topic: Is it bad to look at debt (student loans) like this?
Replies: 39
Views: 3283

Re: Is it bad to look at debt (student loans) like this?

If you have minimum loan payments of $30k per year, your income had better be rising quickly. That level of payment is not sustainable on $100k income over a long period of time. Numbers are arbitrary but in the example was 30k pre tax payments on a 130k salary. Or 100k salary debt free. Not 30k pa...
by YoungBogle
Mon Jun 10, 2019 3:01 pm
Forum: Investing - Theory, News & General
Topic: Is it bad to look at debt (student loans) like this?
Replies: 39
Views: 3283

Re: Is it bad to look at debt (student loans) like this?

Playing devils advocate, I believe many BH’s would react more favorably to a portfolio review post of scenario B than scenario A even though they are quantitatively net equal IMO. I agree. Many BHers do love magic terms like "debt free". This is exactly my point. The numbers are arbitrary, but many...
by YoungBogle
Mon Jun 10, 2019 3:38 am
Forum: Investing - Theory, News & General
Topic: Is it bad to look at debt (student loans) like this?
Replies: 39
Views: 3283

Is it bad to look at debt (student loans) like this?

Scenario A: Salary: 130k Student loan minimum payment: 30k/year pre tax Scenario B: Salary 100k (130k-30k) Debt free Assuming continuous employment, is it bad to have the scenario B mindset when scenario A is reality? Playing devils advocate, I believe many BH’s would react more favorably to a portf...
by YoungBogle
Mon Jun 10, 2019 2:32 am
Forum: Personal Finance (Not Investing)
Topic: 22 Years Old - Which credit card to begin with?
Replies: 44
Views: 5574

Re: 22 Years Old - Which credit card to begin with?

IMO, others comments are applicable to someone’s 2nd or 200th credit card, NOT 1st. OP, this is your first credit card and seemingly most important for your future credit score (Age or oldest account & Average age of accounts) Only applicable criteria for your FIRST credit card: 1. (Most important) ...
by YoungBogle
Sat Jun 08, 2019 8:16 pm
Forum: Personal Investments
Topic: Having both Vanguard Target and TIAA-CREF Lifecycle funds
Replies: 16
Views: 1268

Re: Having both Vanguard Target and TIAA-CREF Lifecycle funds

I agree with student, also would like to add I would imagine Vanguard has a higher proportion of intl stocks in the stocks allocation than most other firms TDF.
by YoungBogle
Wed Jun 05, 2019 9:52 pm
Forum: Personal Investments
Topic: Thinking about moving away from a TD fund to pure stocks for now
Replies: 8
Views: 695

Re: Thinking about moving away from a TD fund to pure stocks for now

I think the better questions to ask yourself is how much international stocks do you want? As of late, this is what’s causing the lagging returns of your TRF. And what AA do you want? 100/0 or 85/15? If your desired AA and US:Int’l allocations are the same as the TRF, then stay with the TRF. The TRF...
by YoungBogle
Tue Jun 04, 2019 2:58 pm
Forum: Personal Investments
Topic: Just Got a Call From Fidelity
Replies: 55
Views: 8121

Re: Just Got a Call From Fidelity

bck63 wrote:
Tue Jun 04, 2019 2:25 pm
And in fact I was a bit worried. Just didn't want to admit it.
Where did I say that I was worried for you?!

Haha just kidding, just giving you a hard time 8-). Glad the phone call went well. Thanks for sharing!
by YoungBogle
Sat May 11, 2019 1:14 am
Forum: Personal Finance (Not Investing)
Topic: Should we take out student loan
Replies: 10
Views: 1075

Re: Should we take out student loan

Student loan interest could also be deductible FWIW.
by YoungBogle
Sat May 04, 2019 1:48 am
Forum: Personal Investments
Topic: 3 Fund Vs. Target Date 401K Dilemma
Replies: 21
Views: 2417

Re: 3 Fund Vs. Target Date 401K Dilemma

Manual rebalancing leaves room for human error for even the most rational investor, whether intentional or unintentional.
by YoungBogle
Fri May 03, 2019 9:44 am
Forum: Personal Investments
Topic: Portfolio Realignment Nightmare
Replies: 11
Views: 1284

Re: Portfolio Realignment Nightmare

I would opt for the target fund as opposed to adjusting the allocation itself. As you have stated the incremental cost is marginal, but more importantly it rebalances itself daily. The problem with rebalancing yourself, if that you have to have rebalance with no emotion whether the market is perform...