Search found 28 matches

by A_Bond
Fri Nov 08, 2019 6:43 pm
Forum: Personal Investments
Topic: Investing in Taxable Account. Good or bad?
Replies: 20
Views: 2088

Re: Investing in Taxable Account. Good or bad?

Think of the rules as being to your advantage. Take the ROTH IRA account for example. The ability to able to invest $6,000.00 per year and then watch it grow TAX-FREE until your retirement is a beautiful thing. That alone is worth much more than just a few percentage points. Plus, those few percenta...
by A_Bond
Fri Oct 25, 2019 10:41 pm
Forum: Personal Investments
Topic: SIMPLE IRA - Transfer of Funds from Edward Jones to Fidelity (Send help!)
Replies: 68
Views: 5570

Re: SIMPLE IRA - Transfer of Funds from Edward Jones to Fidelity (Send help!)

Minor update. The paperwork was sent off early this week and is probably in the hands of Vanguard as I type. Now to wait... I know this isn't a large time span, but I did find this interesting. In the few months that I have had my EJ account open, I have had a rate of return of .47%. The S&P 500 has...
by A_Bond
Sun Oct 13, 2019 3:21 pm
Forum: Personal Investments
Topic: SIMPLE IRA - Transfer of Funds from Edward Jones to Fidelity (Send help!)
Replies: 68
Views: 5570

Re: SIMPLE IRA - Transfer of Funds from Edward Jones to Fidelity (Send help!)

Are you a Voyager client? That requires that your and your immediate family’s Vanguard balance is over 50k. SIMPLE IRA FEES $25 for each Vanguard mutual fund in each account. HOW YOU CAN AVOID THE FEE We'll waive the fee if you're a Voyager, Voyager Select, Flagship, or Flagship Select client. http...
by A_Bond
Sat Oct 12, 2019 5:40 pm
Forum: Personal Investments
Topic: SIMPLE IRA - Transfer of Funds from Edward Jones to Fidelity (Send help!)
Replies: 68
Views: 5570

Re: SIMPLE IRA - Transfer of Funds from Edward Jones to Fidelity (Send help!)

And don't forget to transfer the money already in the EJ account over to your new one. I'd wait till things are going smoothly before doing that. Oh, for sure! That is one of the first things I plan on doing once I get this up and running in January. Now, I just need to decide what index funds I wa...
by A_Bond
Wed Oct 09, 2019 8:58 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Savings Rate drops to 1.8%
Replies: 43
Views: 6227

Re: Ally savings rates dropping — again — from 1.90% to 1.80%

With the continual pressure on interest rates, it was bound to happen. I have steadily moved more and more of my medium-term savings into CDs.
by A_Bond
Wed Oct 09, 2019 8:56 pm
Forum: Personal Investments
Topic: SIMPLE IRA - Transfer of Funds from Edward Jones to Fidelity (Send help!)
Replies: 68
Views: 5570

Re: SIMPLE IRA - Transfer of Funds from Edward Jones to Fidelity (Send help!)

This is good news and yes, the new plan starts in January as far as I know. Indeed it is! I checked the IRS website and did confirm the January 1st start date. I can't wait to finally get this all settled. Once the dust clears, I'll probably add a condensed version of this experience to the origina...
by A_Bond
Wed Oct 09, 2019 12:33 pm
Forum: Personal Investments
Topic: SIMPLE IRA - Transfer of Funds from Edward Jones to Fidelity (Send help!)
Replies: 68
Views: 5570

Re: SIMPLE IRA - Transfer of Funds from Edward Jones to Fidelity (Send help!)

UPDATE - I compiled all of the info I had and sent it on to my employer. Thanks to the info I have received here and from Vanguard themselves, I was able to explain it clearly. The employer will fill out the paperwork as soon as I can get it to them!!! :D The only last bit of clarification I really ...
by A_Bond
Wed Sep 25, 2019 9:54 pm
Forum: Personal Investments
Topic: SIMPLE IRA - Transfer of Funds from Edward Jones to Fidelity (Send help!)
Replies: 68
Views: 5570

Re: SIMPLE IRA - Transfer of Funds from Edward Jones to Fidelity (Send help!)

@Spirit Rider, That explanation was very helpful. It is a lot clearer for me now, thank you! @wildungar2000, I just got a response (finally) from Vanguard, they indeed sent me forms identical to what you just described. I find it somewhat humorous that in a roundabout way, I am almost right back to ...
by A_Bond
Thu Sep 19, 2019 9:10 pm
Forum: Personal Investments
Topic: SIMPLE IRA - Transfer of Funds from Edward Jones to Fidelity (Send help!)
Replies: 68
Views: 5570

Re: SIMPLE IRA - Transfer of Funds from Edward Jones to Fidelity (Send help!)

Thank you all for your opinions and info, I am weighing it all right now. I specifically asked the Fidelity rep if ALL of the Fidelity index funds were available in their SIMPLEs. He said yes. I see he may have been 'mistaken'. I am also still waiting for the Vanguard rep to email me back before pro...
by A_Bond
Wed Sep 18, 2019 5:52 pm
Forum: Personal Consumer Issues
Topic: Do You Tip At Counter Service Restaurants?
Replies: 145
Views: 9342

Re: Do You Tip At Counter Service Restaurants?

For me, it completely depends on the establishment and the situation. I feel no compunction to do so, but I leave a tip every now and then.
by A_Bond
Wed Sep 18, 2019 5:29 pm
Forum: Personal Investments
Topic: SIMPLE IRA - Transfer of Funds from Edward Jones to Fidelity (Send help!)
Replies: 68
Views: 5570

Re: SIMPLE IRA - Transfer of Funds from Edward Jones to Fidelity (Send help!)

I think it is a deal breaker but we'll see what Spirit Rider says. Dang it.... I had that feeling. To save time, I emailed the questions I asked the Fidelity rep over to the Vanguard rep I have been talking with to see if they had any thoughts on the 5304 v. 5305 issue. (Also, how does one summon a...
by A_Bond
Wed Sep 18, 2019 5:22 pm
Forum: Personal Investments
Topic: SIMPLE IRA - Transfer of Funds from Edward Jones to Fidelity (Send help!)
Replies: 68
Views: 5570

Re: SIMPLE IRA - Transfer of Funds from Edward Jones to Fidelity (Send help!)

Update - Called Fidelity and spoke to their retirement team. In terms of fees, NO flat account fee for either the employer or the employee. Transfers are handled between the employer and Fidelity via their Plan Manager website, no option for old school check. They see no issues with keeping the old ...
by A_Bond
Tue Sep 17, 2019 8:14 pm
Forum: Personal Investments
Topic: SIMPLE IRA - Transfer of Funds from Edward Jones to Fidelity (Send help!)
Replies: 68
Views: 5570

Re: SIMPLE IRA - Transfer of Funds from Edward Jones to Fidelity (Send help!)

Thank you all very much. This is quite helpful. I will be needing to do a lot of hand-holding on this as the business is balking at following the requirement to allow a choice of a financial institution in accordance with 5304. I noticed in form 5304 that where it allows me to name my FI, it asks fo...
by A_Bond
Mon Sep 16, 2019 10:04 pm
Forum: Personal Investments
Topic: SIMPLE IRA - Transfer of Funds from Edward Jones to Fidelity (Send help!)
Replies: 68
Views: 5570

Re: SIMPLE IRA - Transfer of Funds from Edward Jones to Fidelity (Send help!)

I'm back.... I was forced to place some of my financial planning on hold, as a bunch of other personal and work stuff demanded my full attention. I am glad I did, as I just was alerted to the fact that it is NOT a SIMPLE 5305, but a SIMPLE 5304! I am so sorry for wanting my hand held, but due to thi...
by A_Bond
Thu Jul 25, 2019 3:38 pm
Forum: Personal Investments
Topic: SIMPLE IRA - Transfer of Funds from Edward Jones to Fidelity (Send help!)
Replies: 68
Views: 5570

Re: SIMPLE IRA - Transfer of Funds from Edward Jones to Fidelity (Send help!)

This means you would have to ask the people you want to take money away from to do you a favor. I wouldn't go there. They may want some favor in return. Put the money into Vanguard. Wait 2 years and transfer it to Fidelity. Then change your EJ paperwork to Fidelity. But if you do want to do this, d...
by A_Bond
Thu Jul 25, 2019 1:07 pm
Forum: Personal Investments
Topic: SIMPLE IRA - Transfer of Funds from Edward Jones to Fidelity (Send help!)
Replies: 68
Views: 5570

Re: SIMPLE IRA - Transfer of Funds from Edward Jones to Fidelity (Send help!)

@Spirit Rider, @retiredjg, @SuzBanyan, "A trustee may, but is not required to, take into account other adequately substantiated information regarding the date on which an individual first participated in any SIMPLE IRA Plan maintained by the individual’s employer." How likely would it be that a fina...
by A_Bond
Tue Jul 23, 2019 7:15 pm
Forum: Personal Investments
Topic: SIMPLE IRA - Transfer of Funds from Edward Jones to Fidelity (Send help!)
Replies: 68
Views: 5570

Re: SIMPLE IRA - Transfer of Funds from Edward Jones to Fidelity (Send help!)

@retiredjg & Spirit Rider, I'm back... Thinking back through this, it makes perfect sense that the 2 year period would not reset. I do need some feedback on this. Here is where I am sitting at this point. I received the information required from Vanguard to open the frozen SIMPLE. Working through th...
by A_Bond
Tue Jul 16, 2019 8:12 pm
Forum: Personal Investments
Topic: SIMPLE IRA - Transfer of Funds from Edward Jones to Fidelity (Send help!)
Replies: 68
Views: 5570

Re: SIMPLE IRA - Transfer of Funds from Edward Jones to Fidelity (Send help!)

Another update. Called Vanguard today. Their support was quite helpful and very knowledgeable. Unlike when I called Fidelity, I didn't have to walk them through the idea of a transfer/frozen SIMPLE - the support specialist immediately jumped in and offered options and asked the right questions. Unfo...
by A_Bond
Mon Jul 15, 2019 10:02 pm
Forum: Personal Investments
Topic: SIMPLE IRA - Transfer of Funds from Edward Jones to Fidelity (Send help!)
Replies: 68
Views: 5570

Re: SIMPLE IRA - Transfer of Funds from Edward Jones to Fidelity (Send help!)

Update - Called Fidelity today. As suspected, they do not offer a transfer/frozen SIMPLE IRA option. On to Vanguard!
by A_Bond
Sat Jul 13, 2019 8:42 pm
Forum: Personal Investments
Topic: SIMPLE IRA - Transfer of Funds from Edward Jones to Fidelity (Send help!)
Replies: 68
Views: 5570

Re: SIMPLE IRA - Transfer of Funds from Edward Jones to Fidelity (Send help!)

@retiredjg, I will indeed! @Jablean, I plan on calling both Vanguard and Fidelity regarding this. Will inquire regarding the 're-occurring sweep' to see if it can be automated from their end. @wildlungar2000, Thank you for sharing your experience. I will definitely let you all know what I find out a...
by A_Bond
Sat Jul 13, 2019 11:02 am
Forum: Personal Investments
Topic: SIMPLE IRA - Transfer of Funds from Edward Jones to Fidelity (Send help!)
Replies: 68
Views: 5570

Re: SIMPLE IRA - Transfer of Funds from Edward Jones to Fidelity (Send help!)

Update - Completely spaced that Fidelity's Small Business retirement investing support is in the office between M-F only, not on the weekends. Guess I will be making a call on Monday on my way home from the office. I am about halfway through the EJ Guided Solutions IRA packet. Finally found the part...
by A_Bond
Wed Jul 10, 2019 10:50 pm
Forum: Personal Investments
Topic: SIMPLE IRA - Transfer of Funds from Edward Jones to Fidelity (Send help!)
Replies: 68
Views: 5570

Re: SIMPLE IRA - Transfer of Funds from Edward Jones to Fidelity (Send help!)

@retiredjg, from my conversations with the advisor, they are most likely knowledgeable about the subject - the obfuscation very well could be intentional. I will do my best to stay on good terms. @Spirit Rider, The open enrollment period should be until the end of the month. I will be digging throug...
by A_Bond
Tue Jul 09, 2019 10:16 pm
Forum: Personal Consumer Issues
Topic: Who cuts your hair? And for how much?
Replies: 153
Views: 10298

Re: Who cuts your hair? And for how much?

Granddad was a barber; I feel comfortable in a real barber shop. I found an old fashioned barber shop near me that does a good job. $17, I think, but I add a $5 tip. I want this guy to stay around as long as possible. Greatclips and Superclips do a good job, but I resent the intrusive personal ques...
by A_Bond
Tue Jul 09, 2019 10:13 pm
Forum: Personal Investments
Topic: SIMPLE IRA - Transfer of Funds from Edward Jones to Fidelity (Send help!)
Replies: 68
Views: 5570

Re: SIMPLE IRA - Transfer of Funds from Edward Jones to Fidelity (Send help!)

@Spirit Rider, Wow. Thank you so much for the in-depth reply. I had heard that as well in regards to Fidelity not offering transfer SIMPLES. I contacted Fidelity's general support the other day and they said they THOUGHT it might be a possibility, but directed me to call their specialized support di...
by A_Bond
Tue Jul 09, 2019 11:40 am
Forum: Personal Investments
Topic: SIMPLE IRA - Transfer of Funds from Edward Jones to Fidelity (Send help!)
Replies: 68
Views: 5570

Re: SIMPLE IRA - Transfer of Funds from Edward Jones to Fidelity (Send help!)

Certainly it is possible that you can’t invest in the mm fund. They don’t want to be sued because you put your funds there and then when you retire realize you should have invested it in stocks. If that is indeed the case, are there any reasonable options available to transfer the money out of the ...
by A_Bond
Tue Jul 09, 2019 11:35 am
Forum: Personal Investments
Topic: SIMPLE IRA - Transfer of Funds from Edward Jones to Fidelity (Send help!)
Replies: 68
Views: 5570

Re: SIMPLE IRA - Transfer of Funds from Edward Jones to Fidelity (Send help!)

@retiredjg, I have not dug into that yet but will do so today for sure. I find it hard to believe that they can actually prevent me from placing the incoming money into a money market account since it is technically my account that they are 'helping' with in the first place... @teen persuasion, Soun...
by A_Bond
Mon Jul 08, 2019 11:23 pm
Forum: Personal Investments
Topic: SIMPLE IRA - Transfer of Funds from Edward Jones to Fidelity (Send help!)
Replies: 68
Views: 5570

Re: SIMPLE IRA - Transfer of Funds from Edward Jones to Fidelity (Send help!)

JD Leonard wrote:
Mon Jul 08, 2019 10:59 pm
What are the terms of the company match?

What $ amount would you gain from jumping through the hoops?

Is there a vesting schedule?
Direct match up to 3%.

Gain would be the decrease in fees due to a focus on index funds in place of actively managed funds.

It is a SIMPLE IRA so fully vested.
by A_Bond
Mon Jul 08, 2019 10:19 pm
Forum: Personal Investments
Topic: SIMPLE IRA - Transfer of Funds from Edward Jones to Fidelity (Send help!)
Replies: 68
Views: 5570

SIMPLE IRA - Transfer of Funds from Edward Jones to Fidelity (Send help!)

Short time Boglehead, first time poster. Here are the facts. I am with a small/medium sized business that has their SIMPLE IRAs setup through the local Edward Jones office. (I believe, a Form 5305 DFI.) I went in to the office today to set up my account, as I just became eligible for the company mat...