Search found 277 matches

by anon_investor
Sat Sep 21, 2019 9:20 am
Forum: Personal Finance (Not Investing)
Topic: Anyone have experience with TAB Bank or BMO Harris?
Replies: 3
Views: 232

Re: Anyone have experience with TAB Bank or BMO Harris?

I think the OP is talking about the 2.35% APY interest online BMO Harris online money market account. I have not used BMO Harris before, but with interest rates dropping you may be better served with a CD.
by anon_investor
Sat Sep 21, 2019 7:16 am
Forum: Investing - Theory, News & General
Topic: eFund: CD Ladder vs High-Yield Savings vs Money Market Fund
Replies: 3
Views: 384

Re: eFund: CD Ladder vs High-Yield Savings vs Money Market Fund

I suggest looking into no penalty CDs for a portion of your CD ladder, Ally and Marcus have them. I do a mix and match for my emergency fund. I have some in Vanguard Federal Money Market Fund (not subject to gates that prevent withdrawal if the market crashes, unlike Vanguard Prime Money Market Fund...
by anon_investor
Fri Sep 20, 2019 2:42 pm
Forum: Investing - Theory, News & General
Topic: Wealthfront now offers 2.51% APY
Replies: 83
Views: 9692

Re: Wealthfront now offers 2.51% APY

Email from Wealthfront today: Because of the Fed’s decision to decrease interest rates, the interest rate on your Wealthfront Cash Account is changing from 2.32% APY to 2.07% APY beginning today. Crashed back down to earth, as expected. VMMXX is at 2.06%. Even VMFXX (Vanguard Federal Money Market F...
by anon_investor
Fri Sep 20, 2019 11:47 am
Forum: Personal Finance (Not Investing)
Topic: Opening New Savings Account - Citi (2.36%) vs CIT (2.30%)?
Replies: 21
Views: 2414

Re: Opening New Savings Account - Citi (2.36%) vs CIT (2.30%)?

I see what you mean. I actually ended up going with Vio, and it literally just dropped its APY by 0.1% in the past 24 hr... Oh well, I suppose I could open CIT if it gets much worse, haha. I appreciate the info (from you and others as well). How was the process of signing up with Vio Bank? Are you ...
by anon_investor
Fri Sep 20, 2019 11:40 am
Forum: Personal Investments
Topic: Mega Backdoor Roth vs. Taxable - Guideline?
Replies: 21
Views: 947

Re: Mega Backdoor Roth vs. Taxable - Guideline?

If you have no need to access the money before you retire (after the age of 59.5), then mega backdoor roth is definitely better than taxable. It sounds like $50k makes up your emergency fund and total taxable investments. It sounds like you are not comfortable with only that amount. I suggest you ma...
by anon_investor
Fri Sep 20, 2019 10:54 am
Forum: Investing - Theory, News & General
Topic: What is your overall portfolio weighted expense ratio
Replies: 265
Views: 28399

Re: What is your overall portfolio weighted expense ratio

Excluding 529 plans (which I do not count as part of my portfolio as the asset allocation is different), my overall expense ratio is sub 0.03% :D . Thanks mega corp 401k for the 0.01% expense ratio index funds!
by anon_investor
Thu Sep 19, 2019 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: Capital One 360 shaking up savings accounts
Replies: 14
Views: 3054

Re: Capital One 360 shaking up savings accounts

Interesting. I left Capital One 360 a while ago after their rates became really not competitive. I had them from Orange days (even before ING Direct). Wonder if they will lower their 1.9% rate now that the Fed just lowered rates. 1.9% right now is on the lower end, matches Ally, but there are many o...
by anon_investor
Thu Sep 19, 2019 8:31 am
Forum: Personal Investments
Topic: One Fund that meets the Bogleheads 3 fund portfolio.
Replies: 14
Views: 1730

Re: One Fund that meets the Bogleheads 3 fund portfolio.

I don't think you are going to find a fund that matches all of your criteria. The Vanguard target date funds and lifestyle funds are a good all in one option, but they do contain foreign bonds. The vanguard balanced fund does not have international bonds, but it also doesn't have international equit...
by anon_investor
Thu Sep 19, 2019 8:26 am
Forum: Personal Investments
Topic: Where should we cut back saving/investing?
Replies: 55
Views: 5547

Re: Where should we cut back saving/investing?

Taxable/529 would be the first place to cut back. Do you get any state tax deduction on the 529 plan? It may make sense to try to maximize the state tax deduction on the 529 before putting money into taxable, since you already have a good emergency fund, and there is less of a need for you to have t...
by anon_investor
Thu Sep 19, 2019 8:18 am
Forum: Personal Finance (Not Investing)
Topic: Simple HSA Contribution Question
Replies: 4
Views: 387

Re: Simple HSA Contribution Question

Does your employer let you do that? My HSA through my employer, only allows me to contribute to the HSA via payroll in prorated amounts throughout the year.
by anon_investor
Sat Sep 14, 2019 1:14 pm
Forum: Personal Investments
Topic: what should I be doing with my after-tax 401k contributions?
Replies: 30
Views: 2220

Re: what should I be doing with my after-tax 401k contributions?

OK, I called my plan administrator yesterday. She confirmed that the company match does indeed apply to After-Tax contributions, and that After-Tax contributions can be converted to Roth 401k funds at any time. The only limitation is the minimum amount for conversion is $500. I'll probably wait unt...
by anon_investor
Thu Sep 12, 2019 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: How many years for each $250k of net worth?
Replies: 36
Views: 6001

Re: How many years for each $250k of net worth?

I think it depends on a lot of factors aside from just raises (e.g. doctors/lawyers may have a lot of student loan debt early only) which may make the first $250k take a lot longer to earn, than the subsequent $250k increments.
by anon_investor
Wed Sep 11, 2019 2:10 pm
Forum: Investing - Theory, News & General
Topic: Tell me again why nav and spread isn’t a big deal for etfs
Replies: 18
Views: 1262

Re: Tell me again why nav and spread isn’t a big deal for etfs

Okay I know I said I have been settled on the issue of NAV but another poster brought up a good point If I can convert admiral shares to ETFs why would any ever buy the ETF if its trading at a premium? You pay more money for literally the same exact product. Not everyone has enough for the minimum ...
by anon_investor
Wed Sep 11, 2019 2:01 pm
Forum: Investing - Theory, News & General
Topic: Tell me again why nav and spread isn’t a big deal for etfs
Replies: 18
Views: 1262

Re: Tell me again why nav and spread isn’t a big deal for etfs

I despise the fact that Vanguard lowered the ERs for ETFs I offer a service for Vanguard investors who are upset over the reduced fees they pay. Basically you send me money and I waste it like a 1980's New York floor trader. If you want me to use one of those giant brick mobile phones to yell at pe...
by anon_investor
Tue Sep 10, 2019 12:23 pm
Forum: Personal Investments
Topic: Vanguard Prime Money Market Fund Tax Benefits
Replies: 5
Views: 847

Re: Vanguard Prime Money Market Fund Tax Benefits

Connecticut VMFXX (Vanguard Federal Money Market fund) would be a better choice for you. For CT, any interest earned from US treasuries (provided that the total interest earned is over 50% from US treasuries) would be exempt from CT tax. So with VMFXX you would get a partial state tax exemption for...
by anon_investor
Tue Sep 10, 2019 12:01 pm
Forum: Personal Investments
Topic: Vanguard Prime Money Market Fund Tax Benefits
Replies: 5
Views: 847

Re: Vanguard Prime Money Market Fund Tax Benefits

It really depends on what state you reside in.

VMMXX has 0 tax benefit for some states, where VMFXX (Vanguard Federal Money Market Fund) does and for those people it makes more sense to use VMFXX.
by anon_investor
Tue Sep 10, 2019 11:59 am
Forum: Personal Investments
Topic: Tool to manage AA when investing?
Replies: 24
Views: 1383

Re: Tool to manage AA when investing?

If you know how to do formulas in excel, it's the best tool by far. That would by my pick (it is what I do).
by anon_investor
Tue Sep 10, 2019 9:26 am
Forum: Personal Consumer Issues
Topic: Man’s life savings stolen from hijacked cellphone number
Replies: 196
Views: 22566

Re: Man’s life savings stolen from hijacked cellphone number

A good first step will be to urge financial institutions to implement app-based two-factor authentication as a replacement for SMS-based two-factor authentication (which should be disbanded completely). Financial institutions could do this by the end of this year if they really wanted to. Here's an...
by anon_investor
Sat Sep 07, 2019 6:24 am
Forum: Personal Finance (Not Investing)
Topic: Who else offers an account like Fidelity Cash Management?
Replies: 19
Views: 2031

Re: Who else offers an account like Fidelity Cash Management?

Use a paired checking/savings account at an online bank? For example, use an Ally Bank checking account (yielding .15%) in combination with an Ally savings account yielding 1.90%. I do this plus have multiple Ally Bank savings accounts (to circumvent the 6 withdrawls a month limit) to directly pay ...
by anon_investor
Thu Sep 05, 2019 12:03 pm
Forum: Personal Investments
Topic: Any preference for VIGAX Admiral Index Fund or it's ETF VUG version ?
Replies: 2
Views: 213

Re: Any preference for VIGAX Admiral Index Fund or it's ETF VUG version ?

Do you have to pay any commissions or fees? (If any, pick the option that minimizes those, or look for a different option that has no such costs) If you plan to add to it every paycheck, the mutual fund version would make more sense, since you contribute by $ amount instead of the ETF which you have...
by anon_investor
Thu Sep 05, 2019 11:59 am
Forum: Personal Finance (Not Investing)
Topic: Best way to collaborate on net worth/retirement goals?
Replies: 16
Views: 1828

Re: Best way to collaborate on net worth/retirement goals?

We just use an excel spreadsheet to track everything, for many years now. To avoid overload, we really only update it after pay days (I have to do manual mega backdoor roth 401k conversions and I usually invested in taxable any leftover money after paying bills), so twice a month.
by anon_investor
Wed Sep 04, 2019 2:30 pm
Forum: Personal Consumer Issues
Topic: US citizen, study abroad (or not)
Replies: 5
Views: 670

Re: US citizen, study abroad (or not)

If she is a US citizen, she would be considered a US student.
by anon_investor
Tue Sep 03, 2019 3:48 pm
Forum: Personal Consumer Issues
Topic: "Home" Cell Phone
Replies: 40
Views: 3304

Re: "Home" Cell Phone

Just be careful no matter what you choose. While you want it for kids texts and calls, be sure that they'll also have 911 capabilities and they know when and how to use it! Fire, injuries, etc happen, you never know when they may need it while home alone. Great point. Any cell, even without service...
by anon_investor
Tue Sep 03, 2019 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: Opening New Savings Account - Citi (2.36%) vs CIT (2.30%)?
Replies: 21
Views: 2414

Re: Opening New Savings Account - Citi (2.36%) vs CIT (2.30%)?

Thanks for all the info! Now I am deciding between CIT and Vio Bank, which currently has a savings APY of 2.52%. Has anyone gotten experience from Vio? Based on APY alone, I feel like I should go with it, but I have read bad reviews. Most of the bad reviews, however, seem to just be on the fact tha...
by anon_investor
Tue Sep 03, 2019 1:29 pm
Forum: Personal Consumer Issues
Topic: "Home" Cell Phone
Replies: 40
Views: 3304

Re: "Home" Cell Phone

Free option No plan. Grab a cheap Android prepaid phone from Boost Mobile (or similar), throw Google Voice (they give free numbers) on there and connect it to your Wi-Fi. You won't have to pay anything and can text/call on the phone when connected to Wi-Fi. +1, we have done that exact same thing, w...
by anon_investor
Tue Sep 03, 2019 1:28 pm
Forum: Personal Consumer Issues
Topic: "Home" Cell Phone
Replies: 40
Views: 3304

Re: "Home" Cell Phone

Free option No plan. Grab a cheap Android prepaid phone from Boost Mobile (or similar), throw Google Voice (they give free numbers) on there and connect it to your Wi-Fi. You won't have to pay anything and can text/call on the phone when connected to Wi-Fi. +1, we have done that exact same thing.
by anon_investor
Sun Sep 01, 2019 10:54 pm
Forum: Personal Finance (Not Investing)
Topic: 20 year old unused travelers checks... what to do with them?
Replies: 19
Views: 2968

Re: 20 year old unused travelers checks... what to do with them?

abyan wrote:
Sun Sep 01, 2019 10:46 pm
Mine were like 40 or 50 years old (some of them). My bank accepted them. Though it was hard matching my teenage signature!
Did they make a stink about matching the signature? That's my only real concern...
by anon_investor
Sun Sep 01, 2019 6:23 pm
Forum: Personal Finance (Not Investing)
Topic: 20 year old unused travelers checks... what to do with them?
Replies: 19
Views: 2968

Re: 20 year old unused travelers checks... what to do with them?

I was in a similar position with some very old travelers checks. I brought them into my bank and they entered the check numbers into some type of website or database. They came up as not cashed and not reported stolen. The teller then deposited into my account. Glad to be rid of them. Interesting, ...
by anon_investor
Sun Sep 01, 2019 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: 20 year old unused travelers checks... what to do with them?
Replies: 19
Views: 2968

Re: 20 year old unused travelers checks... what to do with them?

OP here, my main concern is that my signature has changed quite a bit over the last 20 years, not sure I can quite replicate my old signature on the checks (they definitely look different than the signature on my drivers license and passport), but I do have the original receipt with my name printed ...
by anon_investor
Sun Sep 01, 2019 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: Co-sponsoring an immigrant's sick family member [Updated]
Replies: 47
Views: 4517

Re: Co-sponsoring an immigrant's sick family member

I would recommend against sponsoring due to the potential liability, especially since this is not your own family or extremely close friend.
by anon_investor
Sat Aug 31, 2019 11:26 pm
Forum: Personal Finance (Not Investing)
Topic: 20 year old unused travelers checks... what to do with them?
Replies: 19
Views: 2968

20 year old unused travelers checks... what to do with them?

Recently I found $120 worth of unused 20 year old travelers checks, left over from a long forgotten trip I went on back them. Unfortunately my signature has changed quite a bit since then... but I do have the original receipt with my name on it. The checks say Chase on them but appear to be issued b...
by anon_investor
Sat Aug 31, 2019 11:59 am
Forum: Personal Finance (Not Investing)
Topic: Investing in my Company Stock Plan (ESPP) - is it worth it?
Replies: 39
Views: 2033

Re: Investing in my Company Stock Plan (ESPP) - is it worth it?

Absolutely do it for such a small amount (unless you have 0 faith in the long term health of your enlloyer). Even if the stock drops 50% in value, because of the match you would have not lost any of your investment (possible taxes not withstanding).
by anon_investor
Sat Aug 31, 2019 8:02 am
Forum: Personal Investments
Topic: IRA to Employer Plan Rollover question
Replies: 12
Views: 503

Re: IRA to Employer Plan Rollover question

You will still have to report this direct rollover on Form 1040 regardless of how you do it, and you will need to include an explanatory statement with your return. The reason is that the employer plan does not issue Form 5498 reporting receipt of a rollover contribution like an IRA custodian does,...
by anon_investor
Sat Aug 31, 2019 7:59 am
Forum: Investing - Theory, News & General
Topic: Vanguard Personal Advisor
Replies: 28
Views: 1900

Re: Vanguard Personal Advisor

Silence Dogood wrote:
Fri Aug 30, 2019 8:16 pm
I was receiving postcards, emails, and pop-ups.

I called Vanguard and they were able to opt me out of their marketing.
Really? I need to do this!
by anon_investor
Fri Aug 30, 2019 11:03 pm
Forum: Personal Finance (Not Investing)
Topic: Minimum to keep in checking account?
Replies: 40
Views: 3127

Re: Minimum to keep in checking account?

I have a brick and mortar checking, which I keep only the minimum to avoid a monthly fee ($100), I really only have this account for convenience (e.g. notary services, medallion signature guarantee, cash deposit, urgent certified checks, etc.). I have an Ally Bank checking and savings, and usually o...
by anon_investor
Fri Aug 30, 2019 6:20 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Personal Advisor
Replies: 28
Views: 1900

Re: Vanguard Personal Advisor

Freefun wrote:
Fri Aug 30, 2019 3:34 pm
I’m starting to feel bad that I’m the only one not getting ads for PAS.
Who knows who gets what popup when they login. I have been getting the PAS popup lately and my spouse gets the convert to ETF popup now...
by anon_investor
Thu Aug 29, 2019 8:39 pm
Forum: Investing - Theory, News & General
Topic: Tax-efficiency of Vanguard MF vs ETFs
Replies: 19
Views: 1228

Re: Tax-efficiency of Vanguard MF vs ETFs

They are supposed to be nearly identical in tax efficiency. There was an article about that this year:
https://www.bloomberg.com/graphics/2019 ... tax-dodge/
by anon_investor
Thu Aug 29, 2019 2:38 pm
Forum: Investing - Theory, News & General
Topic: Is now still a good time to buy VTSAX?
Replies: 45
Views: 3522

Re: Is now still a good time to buy VTSAX?

a decade plus bull market Wasn't there a 20% correction last year? Yea I love how no one talks about that end of the year drop... To answer the OP's questions, anytime is a good time to buy VTSAX according to your asset allocation. Remember when they said the sky was falling on Friday? Well guess w...
by anon_investor
Thu Aug 29, 2019 11:24 am
Forum: Investing - Theory, News & General
Topic: Is now still a good time to buy VTSAX?
Replies: 45
Views: 3522

Re: Is now still a good time to buy VTSAX?

a decade plus bull market Wasn't there a 20% correction last year? Yea I love how no one talks about that end of the year drop... To answer the OP's questions, anytime is a good time to buy VTSAX according to your asset allocation. Remember when they said the sky was falling on Friday? Well guess w...
by anon_investor
Thu Aug 29, 2019 9:59 am
Forum: Personal Finance (Not Investing)
Topic: High interest short term saving account
Replies: 9
Views: 747

Re: High interest short term saving account

Depending on when you need the money and how much you will continue to add to it, a CD may be your best bet with interest rates likely to continue to fall. I know that Marcus by Goldman and Ally Bank have no Penalty CD's that are good.
by anon_investor
Mon Aug 26, 2019 1:17 pm
Forum: Personal Investments
Topic: 401k to Roth Conversion
Replies: 13
Views: 725

Re: 401k to Roth Conversion

Doing the in plan, I wouldn't be able to roll over to the outside Roth IRA until all funds are converted in plan. Correct? I think that is plan specific. I know that some 401k plans allow for in service roll outs of only Roth funds, but not sure how that works for people who are no longer employees...
by anon_investor
Mon Aug 26, 2019 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: Short Term Health Insurance/Asset protection - Advice Needed
Replies: 13
Views: 472

Re: Short Term Health Insurance/Asset protection - Advice Needed

Just get the COBRA, it sounds like you still have this week to enroll. It's only a short term hit, and it sounds like you have the cash to pay for it. A better safe than sorry situation.
by anon_investor
Mon Aug 26, 2019 12:42 pm
Forum: Personal Finance (Not Investing)
Topic: Estate planning - Attorney vs DIY
Replies: 27
Views: 1990

Re: Estate planning - Attorney vs DIY

100% get an experienced attorney, not worth the risk of doing it wrong trying DIY, only to save what ultimately will amounts to peanuts in comparison to your future estate. The risk is NOT worth the reward in this case.
by anon_investor
Mon Aug 26, 2019 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: American Express Personal Savings rate dropping from 2.10% to 1.90% tomorrow (08.22.19)
Replies: 19
Views: 1791

Re: American Express Personal Savings rate dropping from 2.10% to 1.90% tomorrow (08.22.19)

dardeninvestor wrote:
Thu Aug 22, 2019 7:12 pm
Exactly. You can essentially have unlimited savings accounts within the same login...and nickname each account whatever you want.
I am going to try this with Ally Bank. Thanks for the idea!
by anon_investor
Mon Aug 26, 2019 11:01 am
Forum: Personal Finance (Not Investing)
Topic: American Express continues to ask for my income
Replies: 68
Views: 5424

Re: American Express continues to ask for my income

Amex lowed my wife's credit limit on the card she rarely uses. Wonder if they would have lowered it if she had bothered to answer the income question. I think she has not updated it in many years.
by anon_investor
Mon Aug 26, 2019 10:56 am
Forum: Personal Investments
Topic: Need Advice: Checking/Savings Accounts
Replies: 22
Views: 2109

Re: Need Advice: Checking/Savings Accounts

Sounds like you could do everything with an online bank that has both checking/savings. Ally Bank, Capital One 360 (there are a few others) allow you to have multiple checking and savings accounts. It would make it easier to just have 1 log in to see all of your accounts. I personally have Ally Bank...
by anon_investor
Mon Aug 26, 2019 10:54 am
Forum: Personal Investments
Topic: 401k to Roth Conversion
Replies: 13
Views: 725

Re: 401k to Roth Conversion

if there any mechanism for you to only convert some of those 401k funds to Roth? -Are you allowed to rollover only some of that 401k money to Roth? -Are you allowed to do an in plan Roth conversion? 1. Have to rollover the entire amount. 2. Yes. I was clicking through the various options, and it ap...
by anon_investor
Mon Aug 26, 2019 10:30 am
Forum: Personal Investments
Topic: Emergency Fund - Short Term Bond Funds or Money Market Funds?
Replies: 29
Views: 2730

Re: Emergency Fund - Short Term Bond Funds or Money Market Funds?

I would avoid bonds (or bond fund) for an emergency fund due to the potential loss of principal (even short term has that potential). Personally I keep the bulk of my emergency fund in FDIC insured no penalty CDs (multiple) and high yield savings accounts. I keep some in my Vanguard sweep account (V...