Search found 43 matches

by zubinh
Wed Feb 27, 2019 2:05 pm
Forum: Personal Investments
Topic: Roll over: Wash sale?
Replies: 11
Views: 514

Re: Roll over: Wash sale?

I believe these answers are incorrect if they’re interpreted to mean there aren’t wash sale considerations with respect to retirement accounts. I believe the IRS has said a wash sale can be triggered from an IRA. I believe the IRS has not weighed in on other retirement accounts like 401ks. the vagu...
by zubinh
Wed Feb 27, 2019 1:03 pm
Forum: Personal Consumer Issues
Topic: HOA wants to install speed bumps that my car won't clear
Replies: 50
Views: 5758

Re: HOA wants to install speed bumps that my car won't clear

How about you propose they use "Rumble Strips" as a compromise?
by zubinh
Wed Feb 27, 2019 12:54 pm
Forum: Personal Investments
Topic: Roll over: Wash sale?
Replies: 11
Views: 514

Re: Roll over: Wash sale?

Wash sales dont apply to retirement accounts. Nor are there any gains or losses that create tax consequences.
by zubinh
Wed Feb 27, 2019 11:53 am
Forum: Personal Consumer Issues
Topic: How often do you and your friends change engine oil?
Replies: 167
Views: 9541

Re: How often do you and your friends change engine oil?

Gotcha. Thanks. Here in NY its not that easy. I would have to drive with a pail full of oil to a gas station a mile away. Not worth ruining the interior of my car to save some bucks. Oil comes in plastic containers with screw tops in my part of the country. You could just put it back in the contain...
by zubinh
Tue Feb 26, 2019 12:55 pm
Forum: Personal Investments
Topic: Converting from MF to ETF and Wash Rule
Replies: 6
Views: 355

Re: Converting from MF to ETF and Wash Rule

The financial institution is not required to report the wash if the CUSIP number is different or if trades were placed in different accounts.

However, that does not relieve the taxpayer of the obligation to report the wash on his/her return if the purchased security is substantially similar.
by zubinh
Tue Feb 26, 2019 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: Bank Bonuses w/ Debit Card Activity as Requirement = No 1099-INT
Replies: 12
Views: 1196

Re: Bank Bonuses w/ Debit Card Activity as Requirement = No 1099-INT

My son got the 1099 from Schwab but it doesn’t include the $100 signing bonus. However Chase sent him the 1099 including the 100 bonus which required ATM card activity. The Schwab 1099 will not include any bonuses unless they exceed $600. The $100 your son received is considered "Bonus Earnings" an...
by zubinh
Tue Feb 26, 2019 11:08 am
Forum: Personal Investments
Topic: Fidelity 'managed' fee of 1.17% (retirement)
Replies: 21
Views: 1970

Re: Fidelity 'managed' fee of 1.17% (retirement)

Ask your Fidelity rep why they did not mention the "Fidelity Go" product which is substantially cheaper.

Then, if you want your assets managed, go to Vanguard VPAS or Schwab Intelligent Advisory.
by zubinh
Tue Feb 26, 2019 10:54 am
Forum: Personal Consumer Issues
Topic: How often do you and your friends change engine oil?
Replies: 167
Views: 9541

Re: How often do you and your friends change engine oil?

Gotcha. Thanks. Here in NY its not that easy. I would have to drive with a pail full of oil to a gas station a mile away. Not worth ruining the interior of my car to save some bucks.
by zubinh
Tue Feb 26, 2019 10:40 am
Forum: Personal Consumer Issues
Topic: How often do you and your friends change engine oil?
Replies: 167
Views: 9541

Re: How often do you and your friends change engine oil?

For those of you that change your own oil so that you "don't waste time at the shop", where do you dispose of the used oil? Don't you have to take it to a shop anyway to dispose of it?
by zubinh
Tue Feb 26, 2019 9:39 am
Forum: Personal Investments
Topic: Need help grading my "Fee Only" provider
Replies: 59
Views: 5025

Re: Need help grading my "Fee Only" provider

Dump the advisor and reduce your overall expenses. IMHO, You gain nothing by leaving Schwab and going to Vanguard. The customer service and website at Vanguard are much worse than Schwab. You can purchase the almost all of the same Vanguard Funds at Schwab without a fee.
by zubinh
Fri Feb 22, 2019 10:32 am
Forum: Personal Investments
Topic: Beware of the Edward Jones neighborly visit.
Replies: 89
Views: 9856

Re: Beware of the Edward Jones neighborly visit.

This is a perfect example of why the Fiduciary Rule was proposed. If that rule were in existence today, that EJ rep would be committing a crime. I hope one day that rule becomes law and fraudsters like him and all of his annuity selling brethren are put out to pasture. On a side note, with home inva...
by zubinh
Wed Feb 20, 2019 3:05 pm
Forum: Personal Investments
Topic: solo 401k question
Replies: 3
Views: 274

Re: solo 401k question

There are two components to the I401k - the $19k max salary deferral and the Profit sharing contribution. The $19k salary deferral is per social security number. So if you max this out at your W2 job, you cant contribute the the solo. However you can still make the Solo 401k profit sharing contribut...
by zubinh
Wed Feb 20, 2019 10:43 am
Forum: Personal Investments
Topic: Moving money from financial advisor...
Replies: 31
Views: 1821

Re: Moving money from financial advisor...

Be upfront with your advisor and inform him/her what higher yielding alternatives are. DEMAND that they either match the rate or they lose your business. This advisor is your employee not the other way around! Stop being wishy washy and TAKE CONTROL of your finances. If you'd rather not, then don't ...
by zubinh
Tue Feb 19, 2019 3:41 pm
Forum: Personal Investments
Topic: PIMCO Total Return Fund
Replies: 10
Views: 1156

Re: PIMCO Total Return Fund

Isn't there a cash option available that yields 2%? You could allocate some there. Hard to imagine a bond fund doing much better especially in a rising rate environment. Pimco total return isnt bad even with the high OER. That high OER will look real cheap if you have losses as a result of overexpos...
by zubinh
Thu Feb 14, 2019 4:13 pm
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 966
Views: 129103

Re: How much money do you want to retire?

We want $2.5M liquid and have $2.0M (50% retirement accounts 50% taxable) currently. We are 46 and 50, no mortgage. DW will get $36k/yr pension in 5 years. I figure 3% WR ($75k) plus the $36K all pretax is more than enough (not including SS). I've got 5 years to hustle and save that $500k....:) Goo...
by zubinh
Thu Feb 14, 2019 10:57 am
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 966
Views: 129103

Re: How much money do you want to retire?

We want $2.5M liquid and have $2.0M (50% pre tax dollars 50% after tax) currently.

We are 46 and 50, no mortgage. DW will get $36k/yr pension in 5 years. I figure 3% WR ($75k) plus the $36K all pretax is more than enough (not including SS).

I've got 5 years to hustle and save that $500k....:)
by zubinh
Wed Feb 13, 2019 3:43 pm
Forum: Personal Investments
Topic: Fidelity vs Vanguard
Replies: 54
Views: 8053

Re: Fidelity vs Vanguard

The 2.5 basis points you will save by switching is not worth it unless you highly value the other advantages of Fidelity. Also bear this in mind. If you do swap out of Vanguard funds and into Fidelity, you will place sell orders and then buy orders over a two day period. You will be out of the marke...
by zubinh
Mon Feb 11, 2019 4:56 pm
Forum: Personal Investments
Topic: Is this just too simple
Replies: 41
Views: 6628

Re: Is this just too simple

If you do decide to sell off the Intelligent Portfolios, you may be able to mitigate some of the tax hit. On the SIP closure form it will give you the option to "keep the securities". Transfer all of the ETFs to a regular brokerage account at Schwab. You can then sell the ETFs that don't have a subs...
by zubinh
Wed Feb 06, 2019 5:10 pm
Forum: Personal Investments
Topic: Can I retire now?
Replies: 32
Views: 6775

Re: Can I retire now?

So ironic, I'm in nearly exact same situation and also 46. But my retirement goal is to replace $7k/month in retirement even though we only spend $5k/month right now - I don't need much to be happy...:) Wife will work another 5 years but I just decided to leave my no satisfaction/high pressure job a...
by zubinh
Wed Feb 06, 2019 5:03 pm
Forum: Personal Investments
Topic: Advice for parking cash
Replies: 14
Views: 1981

Re: Advice for parking cash

SWKXX will probably be the best option. You dont have to open a new account anywhere, Free to purchase or sell and next day settlement.

You could also buy CDs on Schwab.com but I dont think the after tax yield will be higher than SWKXX
by zubinh
Wed Feb 06, 2019 11:55 am
Forum: Personal Investments
Topic: Larger portfolio: taking back control from crappy 'management' & need advice
Replies: 22
Views: 1909

Re: Larger portfolio: taking back control from crappy 'management' & need advice

Keep in mind you can always hold Admiral shares at Schwab, you just can't buy them. You can buy the Admirals at Vanguard at then easily transfer to Schwab - no cost.
by zubinh
Wed Feb 06, 2019 11:38 am
Forum: Personal Investments
Topic: Vanguard Personal Advisory Services vs. Schwab Intelligent Advisory
Replies: 49
Views: 8709

Re: Vanguard Personal Advisory Services vs. Schwab Intelligent Advisory

I understand your point about "ER Fluffing" but the bottom line is how do the total costs compare to VPAS? If the average ER in SIA is 18bps plus the 28bps fee (taking into consideration any caps), I think that is the best way to compare the costs of each service. As far as the cash allocation creat...
by zubinh
Tue Feb 05, 2019 1:00 pm
Forum: Personal Investments
Topic: Why my FA is rushing me to get out of Matson, whom he suggested in 2014.
Replies: 22
Views: 4029

Re: Why my FA is rushing me to get out of Matson, whom he suggested in 2014.

Matson simply invests in DFA Index funds which he charges a management fee for. You can get the same index funds from Vanguard, Fidelity or Schwab for a fraction of the cost.

Educate yourself about the options that are available and you'll find that you are needlessly throwing money out the window.
by zubinh
Fri Feb 01, 2019 1:47 pm
Forum: Personal Investments
Topic: We won the game, went to 50/50, but it just doesn't feel right
Replies: 108
Views: 12684

Re: We won the game, went to 50/50, but it just doesn't feel right

Hmmm...something tells me this would not have been posted in December.... :happy
by zubinh
Fri Feb 01, 2019 1:42 pm
Forum: Personal Investments
Topic: Making a 3.8 million deposit
Replies: 96
Views: 11403

Re: Making a 3.8 million deposit

Establish a brokerage account at Vanguard, Fidelity or Schwab. Wire the funds via the fed wire system or walk it into a branch. Purchase a government money market fund until you decide on a long term investment strategy. If you know that formulating your investment strategy will take time, buy broke...
by zubinh
Fri Feb 01, 2019 10:50 am
Forum: Personal Investments
Topic: Basic record keeping question
Replies: 6
Views: 648

Re: Basic record keeping question

For retirement accounts, I think keeping a copy of the December statements (either electronic copy or hardcopy) makes the most sense. Same thing goes for the non-retirement accounts except that I would also keep a record of the cost basis of each purchase. Simply download the Vanguard pdf confirmati...
by zubinh
Thu Jan 31, 2019 2:34 pm
Forum: Personal Investments
Topic: Fidelity solo 401k question
Replies: 15
Views: 786

Re: Fidelity solo 401k question

This is confusing how Fidelity won't allow one to do this electronically online, but will do it over the phone. If enough people write the CEO requesting the ability to contribute electronically, it will happen. PM me if you want her email, but usually a written letter works better. Not gonna happe...
by zubinh
Thu Jan 31, 2019 2:16 pm
Forum: Personal Investments
Topic: Fidelity, Schwab, or Vanguard
Replies: 82
Views: 9040

Re: Fidelity, Schwab, or Vanguard

Not only ETFs but you could also sell mutual fund shares using "Tax Lot Optimizer". You are correct in that Schwab does not allow specified lots on MF sales
by zubinh
Thu Jan 31, 2019 1:20 pm
Forum: Personal Investments
Topic: Fidelity Go or Betterment?
Replies: 7
Views: 1715

Re: Fidelity Go or Betterment?

Take a look here: https://www.barrons.com/articles/the-top-robo-advisors-an-exclusive-ranking-1532740937 I think the no management fee structure of Schwab Intelligent Portfolios is compelling. Total average expense ratios will be less than 20 basis points. Yes I know they allocate a portion to cash,...
by zubinh
Thu Jan 31, 2019 1:10 pm
Forum: Personal Investments
Topic: Want the simplest and clearest online platform
Replies: 25
Views: 2144

Re: Want the simplest and clearest online platform

You could look at it that way but not necessarily. Many folks are just not comfortable with the level of volatility inherent with EM. I'm one of them. So personally I think no more than 20% of my international exposure belongs in EM. Holding both SCHF and SCHE enables me to stick to this allocation....
by zubinh
Thu Jan 31, 2019 1:01 pm
Forum: Personal Investments
Topic: Want the simplest and clearest online platform
Replies: 25
Views: 2144

Re: Want the simplest and clearest online platform

IMHO, Schwab's website is by far the best and most user friendly. Fidelity and Vanguard's is a mess - I use all three. I know Personal Capital has probably the most useful, user friendly planning tools, but you have to keep in mind that they are just a private RIA. I would be very concerned about s...
by zubinh
Thu Jan 31, 2019 10:49 am
Forum: Personal Investments
Topic: Lawyer looking for retirement strategy, etc. advice
Replies: 15
Views: 1696

Re: Lawyer looking for retirement strategy, etc. advice

Today, not tomorrow, I would sell the high expense equity mutual funds that you own and shift to index funds. If you reduce your average expenses by 50 basis points that's an immediate $5,000 savings annually. You can do this now. There will be no transaction fees to sell and no tax consequences. Th...
by zubinh
Thu Jan 31, 2019 10:28 am
Forum: Personal Investments
Topic: Want the simplest and clearest online platform
Replies: 25
Views: 2144

Re: Want the simplest and clearest online platform

IMHO, Schwab's website is by far the best and most user friendly. Fidelity and Vanguard's is a mess - I use all three. I know Personal Capital has probably the most useful, user friendly planning tools, but you have to keep in mind that they are just a private RIA. I would be very concerned about se...
by zubinh
Fri Jan 25, 2019 12:38 pm
Forum: Personal Investments
Topic: Should I dump our wealth planner/financial advisor?
Replies: 49
Views: 6121

Re: Should I dump our wealth planner/financial advisor?

Since I've spent my entire life on the Schwab platform, is it worth it moving everything to the Vanguard platform when I can still be invested in Vanguard funds while remaining with Schwab? If you're going to use VPAS, then it makes sense to move to Vanguard. If you're going to manage yourself, IMH...
by zubinh
Fri Jan 25, 2019 12:04 pm
Forum: Personal Investments
Topic: I feel like Transamerica just did me wrong
Replies: 26
Views: 2836

Re: I feel like Transamerica just did me wrong

I've dealt with this numerous times in the past. First off all of the nuisance fees that they charged you, the overnight, the "administrative" fees and such - I would not get upset about. It's not Transamerica's fault - its the fault of your employer for choosing such a high cost provider for their ...
by zubinh
Thu Jan 24, 2019 11:04 am
Forum: Personal Investments
Topic: ETF choice for short term cash
Replies: 12
Views: 2132

Re: ETF choice for short term cash

MINT and SHM would be my choices.
by zubinh
Fri Jan 18, 2019 2:51 pm
Forum: Personal Investments
Topic: Should I dump our wealth planner/financial advisor?
Replies: 49
Views: 6121

Re: Should I dump our wealth planner/financial advisor?

The key words in your post are "you worry you don't know enough". If you make one mistake that costs you more than 1% of your portfolio value, you've become penny wise but pound foolish. You have been a delegator all your life and if you think you're going to become a confident self directed investo...
by zubinh
Fri Jan 18, 2019 9:59 am
Forum: Personal Investments
Topic: Fidelity? Which Fund for Capital Preservation?
Replies: 5
Views: 592

Re: Fidelity? Which Fund for Capital Preservation?

Whenever you use the words "Capital Preservation" , you are basically referring to Money Markets, CDs and Treasuries. Are these the only options you're considering?
by zubinh
Thu Jan 17, 2019 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 802
Views: 83981

Re: Why are you NOT buying rental properties?

I bought a condo outside of Orlando in 2006 for $210k. I rented it out for on average $1000/month (that was the most I could get). Over the last 12 years, I have had to deal with drunk tenants that trashed the place, numerous HOA fines and many expenses including maintenance and property manager fee...
by zubinh
Wed Jan 16, 2019 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford a 50k car? If so, whats the best way to do it?
Replies: 48
Views: 2480

Re: Can I afford a 50k car? If so, whats the best way to do it?

Ask yourself this. If your parents were alive and you asked them if they considered spending $50k on a 67 Chevy squandering an inheritance, what would their response be? If you think they would've said yes, then I would not buy the car. If you think they would've told you, "whatever makes you happy"...
by zubinh
Fri Jan 11, 2019 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: Getting a Mortgage when You can Pay Cash for a House
Replies: 162
Views: 9748

Re: Getting a Mortgage when You can Pay Cash for a House

If you are in a high tax bracket, the 4% mortgage rate you are paying is really 2.5%. Chances are, you could earn a higher rate of return on the cash by investing in a tax efficient balanced fund over 5-6 years. At the same time, I would want to be debt free. So as a compromise, I would take out the...
by zubinh
Fri Jan 11, 2019 11:54 am
Forum: Personal Consumer Issues
Topic: Should I get umbrella liability insurance?
Replies: 56
Views: 5291

Re: Should I get umbrella liability insurance?

I believe that everyone should have liability coverage that is at least equivalent to one's total net worth. We live in the most litigious society in the world so why not protect yourself?
by zubinh
Fri Jan 11, 2019 10:27 am
Forum: Personal Investments
Topic: Fidelity, Schwab, or Vanguard
Replies: 82
Views: 9040

Re: Fidelity, Schwab, or Vanguard

I am a former Financial consultant at both Fidelity (3 years) and Schwab (10 years). IMHO Schwab is by far the more customer focused firm. The company is run with the mantra of always doing the right thing for clients. I can't say the same for Fidelity as I was constantly pressured into selling annu...