Search found 24 matches

by JonnyBeRetired
Fri Jun 12, 2020 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: Credit cards/issuers that support e-bills? As in, you can receive ebills/pay automatically using your bank's BillPay
Replies: 8
Views: 947

Re: Credit cards/issuers that support e-bills? As in, you can receive ebills/pay automatically using your bank's BillPay

eBills is a Fiserv product. Financial institutions may contract with Fiserv so customers can receive and pay electronic bills. In addition, firms (including financial institutions) may contract with Fiserv to have their bills delivered electronically. See this link to an eBill site - http://www.ebil...
by JonnyBeRetired
Sun Jun 07, 2020 11:02 am
Forum: Personal Finance (Not Investing)
Topic: DAF -> 501(c)(3) -> Scholarship
Replies: 28
Views: 1166

Re: DAF -> 501(c)(3) -> Scholarship

Here’s a link to a Fidelity Charitable pdf that explains a few options for using a DAF to support scholarships.

https://www.fidelitycharitable.org/cont ... cation.pdf
by JonnyBeRetired
Sun May 17, 2020 2:47 pm
Forum: Personal Investments
Topic: What to do with after-tax contributions to employer 401k?
Replies: 46
Views: 2186

Re: What to do with after-tax contributions to employer 401k?

It’s fortunate to be able to save more. Consider taking a pause from the details of your 401k and focus on what is the purpose/goal for the money you are planning to save. If your purpose/goal is retirement, then automatic conversions of after-tax savings to Roth is a powerful tool to quickly and ef...
by JonnyBeRetired
Wed May 06, 2020 12:55 am
Forum: Personal Finance (Not Investing)
Topic: Best online savings bank
Replies: 27
Views: 4458

Re: Best online savings bank

Life long regular bank user here...why should I move my 100k to online bank with a savings account? What are the best ones out there? Are they legit? Online banks/direct banks often pay higher interest rates - generally by avoiding costs associated with retail offices. After APY which one is ‘best’...
by JonnyBeRetired
Thu Apr 30, 2020 1:19 am
Forum: Personal Investments
Topic: 25 Years Old Trying to Build a Lazy Portfolio
Replies: 31
Views: 2485

Re: 25 Years Old Trying to Build a Lazy Portfolio

+1 to Dominic’s and other’s suggestion of the Four-In-One Index Fund given the choices in your Simple IRA. My honest advice: use the Fidelity Four-In-One Index Fund. It's basically a 3-fund portfolio of 60% US stock, 25% international stock, and 15% total bond. It is by far the cheapest fund availab...
by JonnyBeRetired
Sat Apr 18, 2020 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: Good Bank to use for Commercial purposes
Replies: 13
Views: 705

Re: Good Bank to use for Commercial purposes

Below is a link to a list of the largest financial institutions operating in Texas from the Department of Banking. https://www.dob.texas.gov/public/uploads/files/Applications-Forms-Publications/Publications/Top-Banks/top0316.pdf Comerica (which moved it’s headquarters from Detroit to Dallas in 2007)...
by JonnyBeRetired
Mon Apr 06, 2020 10:43 pm
Forum: Personal Finance (Not Investing)
Topic: Canceling Auto Insurance for Few Months? Any down sides?
Replies: 56
Views: 4418

Re: Canceling Auto Insurance for Few Months? Any down sides?

Student - I’m sorry, I didn’t see your post on ‘page 2’.
by JonnyBeRetired
Mon Apr 06, 2020 10:41 pm
Forum: Personal Finance (Not Investing)
Topic: Canceling Auto Insurance for Few Months? Any down sides?
Replies: 56
Views: 4418

Re: Canceling Auto Insurance for Few Months? Any down sides?

Check with your insurer - news reports indicate some companies are beginning to provide refunds. Forbes, April 6, 2020: Car Insurance Companies Start Offering Refunds Because Few Are Driving. https://www.forbes.com/sites/advisor/2020/04/06/car-insurance-companies-start-offering-refunds-because-few-a...
by JonnyBeRetired
Sun Mar 22, 2020 12:56 am
Forum: Personal Consumer Issues
Topic: Need a new car, please help given COVID-19
Replies: 44
Views: 3140

Re: Need a new car, please help given COVID-19

Our mechanic highly recommends Enterprise Car Sales https://www.enterprisecarsales.com/list/buy-a-car/ as source to comparison shop and he has bought several cars from them. He explained that Enterprise Rental is one of the largest car buyers in the country, properly maintains their fleet, sells off...
by JonnyBeRetired
Sun Mar 08, 2020 12:45 am
Forum: Personal Finance (Not Investing)
Topic: Bank cancelled CC due to “security concerns”
Replies: 19
Views: 2114

Re: Bank cancelled CC due to “security concerns”

Under the circumstances described, it is fairly typical for a regular bank to keep the credit card account open, cancel the card(s) and issue a new card(s). In some more extreme cases they’ll close the account (including associated checking accounts) and open new ones. I know of one case personally ...
by JonnyBeRetired
Mon Feb 03, 2020 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: How to use IRAs in Estate Planning?
Replies: 4
Views: 566

Re: How to use IRAs in Estate Planning?

DW has experience as executor of her parent’s estate and we know how easy it was to transfer separate inherited IRAs to each beneficiary. It was very little work for the executor. So we were wondering if setting up one or more IRA accounts for this purpose makes sense. This is confusing. I thought ...
by JonnyBeRetired
Mon Feb 03, 2020 8:30 pm
Forum: Personal Finance (Not Investing)
Topic: How to use IRAs in Estate Planning?
Replies: 4
Views: 566

Re: How to use IRAs in Estate Planning?

mhalley wrote: Mon Feb 03, 2020 3:58 pm I think the grand nephew being a minor makes it a little more complicated.
Thanks for pointing out that there is additional complexity when a minor is involved, we had not thought about that at all. The article you shared offers a couple of good alternatives to consider.
by JonnyBeRetired
Mon Feb 03, 2020 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: How to use IRAs in Estate Planning?
Replies: 4
Views: 566

How to use IRAs in Estate Planning?

DW and I wrote our wills and established a revocable trust several years ago and we are in process of reviewing the documents and contemplating an update. One change we would like to make is to include a bequest for each of our 6 nieces and nephews, and grand nephew. Our initial thought was to chang...
by JonnyBeRetired
Sat Jan 25, 2020 4:14 pm
Forum: Personal Consumer Issues
Topic: Subaru Outback engine stop/start
Replies: 119
Views: 10747

Re: Subaru Outback engine stop/start

I had our 2019 Outback in for service yesterday and the dealer provided a 2020 Legacy as a loaner. The Legacy has the same feature and I drove it around the suburbs for about two hours, so plenty of stop signs, stop lights, trains, etc. The auto start stop feature kicked in at least twenty times. On...
by JonnyBeRetired
Fri Jan 24, 2020 3:05 pm
Forum: Personal Investments
Topic: Is Now the Time to Convert to Roth?
Replies: 11
Views: 1355

Re: Is Now the Time to Convert to Roth?

It’s not clear if you’re asking about your entire traditional/deferred amounts, but just in case - there are several reasons to maintain at least some deferred retirement balances to improve overall long term tax efficiency. For example, large medical or long term care expenses may be deductible and...
by JonnyBeRetired
Sun Jan 05, 2020 5:43 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Efficient Withdrawal Strategies - Call for Papers
Replies: 2
Views: 565

Tax Efficient Withdrawal Strategies - Call for Papers

DW and I are 56/57 and 2019 was my first year of retirement. We have a pension and our portfolio is roughly 60% deferred, 20% Roth and 20% taxable. Deferred balances reside in DW’s rollover IRA and my 401k (which can be accessed penalty free due to an after 55 separation). We learned a lot about Rot...
by JonnyBeRetired
Thu Dec 12, 2019 10:23 pm
Forum: Personal Consumer Issues
Topic: Day Trip to Downtown Chicago
Replies: 62
Views: 3792

Re: Day Trip to Downtown Chicago

+1 to the architectural boat tour. And +1 to the suggestions to take a train into downtown. It’s convenient, it’s fun for the kids and you don’t have limit your time downtown avoiding rush hour. Don’t buy your tickets on the train though, there can be a hefty surcharge. Look into whether Metra’s Ven...
by JonnyBeRetired
Sat Nov 02, 2019 5:52 pm
Forum: Investing - Theory, News & General
Topic: Will wife’s social security affect my Roth conversions.
Replies: 38
Views: 4599

Re: Will wife’s social security affect my Roth conversions.

Celia, Thank you for this and your other posts concerning Roth conversions. I came back to re-read this one and to start work on a spreadsheet as you describe, but the images of the spreadsheets are no longer here. The TinyPic Wikipedia says “The service shut down on September 9, 2019 due to declin...
by JonnyBeRetired
Fri Nov 01, 2019 10:49 pm
Forum: Investing - Theory, News & General
Topic: Will wife’s social security affect my Roth conversions.
Replies: 38
Views: 4599

Re: Will wife’s social security affect my Roth conversions.

Celia thanks for your posts. I will see about building a copy of your spreadsheet. One question about it. What is the distribution period in column C? Column C is the IRS-defined estimated remaining time over which you need to take RMDs. It is defined in IRS Publication 590-B . See Table III at the...
by JonnyBeRetired
Fri Oct 04, 2019 8:32 pm
Forum: Personal Finance (Not Investing)
Topic: Re: Career Change from Commercial Banking
Replies: 14
Views: 1964

Re: Career Change from Commercial Banking

Do you have an interest in Banking Supervision? Both the Federal Reserve Bank of Kansas City and the Office of the Comptroller of the Currency have Banking Supervision offices located in Denver.
by JonnyBeRetired
Mon Jan 21, 2019 4:10 pm
Forum: US Chapters
Topic: Roll Call for the Retirement Class of 2019!
Replies: 428
Views: 75845

Re: Roll Call for the Retirement Class of 2019!

[quote=Miriam2 post_id=4332711 time=1548016711 user_id=57949 ...so far, at age 56, you're our youngest retiree 8-) What are your plans? [/quote] Looks like Vagabondette has me beat on both age and adventure. My plans are to spend more time with my parents (who are in their eighties), take road trips...
by JonnyBeRetired
Sun Jan 20, 2019 12:48 pm
Forum: US Chapters
Topic: Roll Call for the Retirement Class of 2019!
Replies: 428
Views: 75845

Re: Roll Call for the Retirement Class of 2019!

Hi all! My DW introduced me to this wonderful site nearly three years ago with a simple ‘Here, you might like this’. Ever since I’ve been immersed in reading (and re-reading) posts and wikis on allocation, simplification, tax efficient placement, conversion strategies, withdrawal strategies, and mor...
by JonnyBeRetired
Thu Jan 17, 2019 12:40 am
Forum: Investing - Theory, News & General
Topic: John Bogle has died at age 89
Replies: 856
Views: 62292

Re: John Bogle has died at age 89

Such sad news - to lose someone who means so much to so many.
My sincere condolences.