Search found 170 matches

by SS Rambo
Tue Oct 13, 2020 9:56 pm
Forum: Personal Investments
Topic: Self Directed IRA at Entrust
Replies: 5
Views: 346

Re: Self Directed IRA at Entrust

Not knowing much about Entrust, but knowing how much those companies hate to roll your money out of their control, I think your best bet is to just tell them a $130k distribution is being requested. Not mentioning a rollover or desire to buy a bond fund. Take that check, rolling it into a discount b...
by SS Rambo
Wed Sep 30, 2020 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Six Figure Student Debt
Replies: 84
Views: 6914

Re: Six Figure Student Debt

I'm not living at home at 23, 24 years old. I wouldn't recommend it to any young adult that can afford not to. A lot of important growth takes place at that age and some of that growth is dependent upon being self-reliant and also upon being away from mom and dad. Neither of those exist living at h...
by SS Rambo
Tue Sep 29, 2020 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone successfully negotiated/contested a life insurance quote?
Replies: 19
Views: 1085

Re: Has anyone successfully negotiated/contested a life insurance quote?

This is one of the few situations where it helps to have a representative (salesperson) for that company. Not an online broker like term4sale and not an independent agent. A longstanding rep will have experience calling their own underwriting department (something a client can't do, but they can cal...
by SS Rambo
Tue Sep 29, 2020 11:49 am
Forum: Personal Investments
Topic: Mother Has Asked Me For Retirement Advice
Replies: 23
Views: 2332

Re: Mother Has Asked Me For Retirement Advice

Family situations can be tough, and there's always the risk of being blamed when the right investment doesn't pan out. Sometimes the best/safest thing to do is all the legwork to find the right 3rd party for a relative to work with. But yeah, without knowing how much she'll be needing for this 'brid...
by SS Rambo
Tue Sep 29, 2020 11:38 am
Forum: Personal Investments
Topic: Mother Has Asked Me For Retirement Advice
Replies: 23
Views: 2332

Re: Mother Has Asked Me For Retirement Advice

So her "retirement plan" is a bridge until she uses SS and her 401k? What is the retirement plan and how do you know it can be invested in a Vanguard fund? Could be a pension or annuity. I understand she won't share much but no one should give/receive advice with that little information.
by SS Rambo
Thu Sep 17, 2020 6:52 pm
Forum: Investing - Theory, News & General
Topic: Inversely Correlated Investments with the Greatest Spread?
Replies: 19
Views: 1060

Re: Inversely Correlated Investments with the Greatest Spread?

It's unclear what you're asking. The obvious answer is that a long and short position on the most volatile underlying available will be inversely correlated with the greatest spread. Is that what you mean? Or something else? That's exactly what I mean. Assuming a long and a short position could be ...
by SS Rambo
Thu Sep 17, 2020 3:59 pm
Forum: Investing - Theory, News & General
Topic: Inversely Correlated Investments with the Greatest Spread?
Replies: 19
Views: 1060

Re: Inversely Correlated Investments with the Greatest Spread?

I don't disagree with anything there. Again, the question I am asking has nothing to do with creating a practical portfolio or diversification. I am taking a graduate course on Investing Theory, which is the theme of this sub-forum, so before I finish my work I wanted to source other views. I agree ...
by SS Rambo
Thu Sep 17, 2020 1:27 pm
Forum: Investing - Theory, News & General
Topic: Inversely Correlated Investments with the Greatest Spread?
Replies: 19
Views: 1060

Re: Inversely Correlated Investments with the Greatest Spread?

What’s your goal? Holding a product and the inverse is not a winning strategy. If it was, you could just buy TQQQ and sell TQQQ short. What would that achieve? As far as a goal, this is not for a portfolio/position I'm looking to establish. Asking here under Investing Theory, for input/assistance w...
by SS Rambo
Wed Sep 16, 2020 10:50 pm
Forum: Personal Finance (Not Investing)
Topic: Who has the best rate for borrowing against your stocks thru margin / loan management account?
Replies: 6
Views: 530

Re: Who has the best rate for borrowing against your stocks thru margin / loan management account?

I would be very interested in what you choose and your experience with it if you’re able to.
by SS Rambo
Wed Sep 16, 2020 7:17 pm
Forum: Investing - Theory, News & General
Topic: Inversely Correlated Investments with the Greatest Spread?
Replies: 19
Views: 1060

Inversely Correlated Investments with the Greatest Spread?

Curious about what could create two positions, inversely correlated, where the spread is as large as possible. For example TQQQ and SQQQ (though due to sequencing, I know they down always remain exact inverses over time). Modeling them over any length of time would ideally result in a similar shaped...
by SS Rambo
Tue Sep 15, 2020 10:55 pm
Forum: Personal Investments
Topic: Inherited IRA and SECURE act
Replies: 8
Views: 903

Re: Inherited IRA and SECURE act

Seems like you’ve already gotten a bunch of variations on the general recommendations, so I’ll add another one which I would follow. If you ignore the temptation to break it evenly over the next ten years, if you withdraw just barely enough to fill your current marginal tax bracket to the top each y...
by SS Rambo
Tue Sep 15, 2020 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term Care Insurance (LTC)
Replies: 22
Views: 1900

Re: Long Term Care Insurance (LTC)

What is the elimination period (how long do you have to be in care before coverage kicks in)?

These group policies seem extremely cheap, even after the triple. But as stated above, these should be in place to cover expenses you could not cover out of pocket.
by SS Rambo
Thu Sep 10, 2020 11:23 pm
Forum: Personal Investments
Topic: merrill edge brokerage bonus ME1000
Replies: 13
Views: 1290

Re: merrill edge brokerage bonus ME1000

I’ve been able to see that offer page for almost a year now. It applied for me after I applied it on two different pages during account setup. I only rolled over $20k, but appear to have been eligible for the full.
by SS Rambo
Thu Sep 10, 2020 1:47 pm
Forum: Personal Investments
Topic: Companies that will allow me to do Mega Roth Conversions?
Replies: 11
Views: 774

Re: Companies that will allow me to do Mega Roth Conversions?

The large aerospace & defense companies should all have it. They had to ramp up 401k plans as they weened off pension offerings in the past 15 years. And they'd like your background. The largest ones have locations in every region, and companies that support the military have had minimal impact from...
by SS Rambo
Tue Sep 01, 2020 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: Need Help with Life Insurance Question
Replies: 23
Views: 1060

Re: Need Help with Life Insurance Question

The effect of your health rating on the price of the policy will be reflected in all types of insurance, not just Term. There's probably not a reason to switch your strategy from Term to Perm based on health. You're asking the right questions though, because it's not going to get cheaper with time. ...
by SS Rambo
Thu Aug 27, 2020 11:57 pm
Forum: Personal Investments
Topic: Using MD 529 beats taxable even with penalty?
Replies: 28
Views: 1957

Re: Using MD 529 beats taxable even with penalty?

Appreciate the discussion SS Rambo and scophreak, it does seem like TLH would be harder in the 529 given its limited fund selection and lack of tax lots. In the CA 529 plan they do have two similar index funds (US equity vs US large cap) that might qualify for some simple TLH. It does seem tricky t...
by SS Rambo
Thu Aug 27, 2020 5:24 pm
Forum: Personal Investments
Topic: Using MD 529 beats taxable even with penalty?
Replies: 28
Views: 1957

Re: Using MD 529 beats taxable even with penalty?

What about the lost TLH opportunities of a taxable account? I would imagine that could be a fairly significant factor over 18 years. Considering the apples to apples nature of OP’s comparison, and the fact that 529s only allow funds, I assume that’d be their strategy for the taxable as well. A life...
by SS Rambo
Thu Aug 27, 2020 3:19 pm
Forum: Personal Investments
Topic: Using MD 529 beats taxable even with penalty?
Replies: 28
Views: 1957

Re: Using MD 529 beats taxable even with penalty?

What about the lost TLH opportunities of a taxable account? I would imagine that could be a fairly significant factor over 18 years. Considering the apples to apples nature of OP’s comparison, and the fact that 529s only allow funds, I assume that’d be their strategy for the taxable as well. A life...
by SS Rambo
Thu Aug 27, 2020 12:24 pm
Forum: Personal Investments
Topic: Using MD 529 beats taxable even with penalty?
Replies: 28
Views: 1957

Re: Using MD 529 beats taxable even with penalty?

What about the lost TLH opportunities of a taxable account? I would imagine that could be a fairly significant factor over 18 years. Considering the apples to apples nature of OP’s comparison, and the fact that 529s only allow funds, I assume that’d be their strategy for the taxable as well. A life...
by SS Rambo
Thu Aug 27, 2020 9:22 am
Forum: Personal Finance (Not Investing)
Topic: Bank of America/Merrill Edge - Preferred Rewards
Replies: 688
Views: 162036

Re: Bank of America/Merrill Edge - Preferred Rewards

Does anyone know if BoA categorizes Amazon Fresh payments as Online Shopping or as Grocery/Wholesale for the category spend bonus?
by SS Rambo
Thu Aug 27, 2020 8:07 am
Forum: Personal Finance (Not Investing)
Topic: BoA Premium Rewards status
Replies: 61
Views: 3471

Re: BoA Premium Rewards status

Here's an example of what I mean by meeting with an employee: Online FAQ: - Some benefits are automatic, and some require you to change your account type or open a new account. For example, you’ll need: A Bank of America Advantage Savings account to receive the savings interest rate booster An elig...
by SS Rambo
Tue Aug 25, 2020 4:03 pm
Forum: Personal Investments
Topic: Single 12% marginal tax bracket roth v traditional
Replies: 28
Views: 1661

Re: Single 12% marginal tax bracket roth v traditional

OP, you have gross income of $55K. The 12% bracket ends at about $52K (40K+12K standard deduction). Is your health insurance costing $3K per year? If not, you are in the 22% bracket and should save some in a traditional account. $250 a month in pretax health insurance paycheck deductions? Maybe ded...
by SS Rambo
Tue Aug 18, 2020 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance products bought by Insurance sellers
Replies: 33
Views: 1642

Re: Insurance products bought by Insurance sellers

Thank you for the detailed answer! I'm always curious about these thought exercises, and enjoy spitballing scenarios around them (some people daydream about vacations...). I'm sure there's a situation where it could be financially practical but like you've said, realistically it will almost always ...
by SS Rambo
Tue Aug 18, 2020 3:54 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance products bought by Insurance sellers
Replies: 33
Views: 1642

Re: Insurance products bought by Insurance sellers

Thanks BruDude. I'm not a dentist (nor am I an insurance agent) so I'm not really thinking about the viability/practicality of this hypothetical. I do come from a regulatory environment (not Insurance) so I have a lot of curiosity about business incorporation/licensing in regulated fields, like you...
by SS Rambo
Tue Aug 18, 2020 9:08 am
Forum: Personal Finance (Not Investing)
Topic: Insurance products bought by Insurance sellers
Replies: 33
Views: 1642

Re: Insurance products bought by Insurance sellers

I’m curious what kind of an independent LLC or other kind of operation you’d need to do this. The license is a couple dozen hours, a ton of paperwork, ~$100. But no insurer is going to hire you to never show up to work and be a freelancer. You’d have to be self employed. I wonder if this would work...
by SS Rambo
Mon Aug 17, 2020 11:39 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance products bought by Insurance sellers
Replies: 33
Views: 1642

Re: Insurance products bought by Insurance sellers

I’m curious what kind of an independent LLC or other kind of operation you’d need to do this. The license is a couple dozen hours, a ton of paperwork, ~$100. But no insurer is going to hire you to never show up to work and be a freelancer. You’d have to be self employed. I wonder if this would work ...
by SS Rambo
Tue Aug 11, 2020 8:35 am
Forum: Personal Finance (Not Investing)
Topic: Seeking Student Loan Advice for Fiance
Replies: 11
Views: 1210

Re: Seeking Student Loan Advice for Fiance

Aren’t most federal loans currently at 0%? I know it’s a temporary enactment by the government, but if you choose the most mathematically efficient method which is pay down highest interest first, make sure you have an updated list of the interests. Some probably won’t be accruing for the next few m...
by SS Rambo
Mon Aug 10, 2020 8:23 pm
Forum: Personal Investments
Topic: 21 Years Old. Where do I put my salary to maximize Long Term Gains
Replies: 5
Views: 669

Re: 21 Years Old. Where do I put my salary to maximize Long Term Gains

Your 401k match seems to be over $4k to me, but like you said you might not stay long enough. Still, max it out. And go 100% Roth 401k if you can (including employer match). You're starting out on a high income trajectory, and will earn less than $25k this year, lot to take advantage of. Unless you ...
by SS Rambo
Mon Aug 10, 2020 7:31 pm
Forum: Personal Investments
Topic: Another inheritance situation. Comments appreciated.
Replies: 8
Views: 1213

Re: Another inheritance situation. Comments appreciated.

Your plan sounds solid. It will take a decent amount of math on your end, but depending on SS, your RMDs and the size of that inherited IRA(s) it may be much better to withdraw it over the next 7 years versus 10 like you are allowed to. Especially if rates really do go up in 2025.
by SS Rambo
Thu Jul 23, 2020 4:50 pm
Forum: Personal Investments
Topic: 401k won't let me hold grantor trusts : can't buy certain gold etfs
Replies: 2
Views: 227

Re: 401k won't let me hold grantor trusts : can't buy certain gold etfs

Not very familiar with those ETFs, what are the tax implications you’re referring to?

If you want to invest in gold, and not be taxed on distributions of capital gains, why not just buy some gold? No expense ratio there.
by SS Rambo
Sun Jul 05, 2020 4:38 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance Question
Replies: 6
Views: 435

Re: Life Insurance Question

Not sure of the look-back period for each company's Attending Physician's Statement policy, but remember a doctor could make a note about it in last year's checkup and the insurer likely will price that into your rating. In addition to that, I think a lot of insurance applications explicitly ask you...
by SS Rambo
Thu Jun 18, 2020 12:45 am
Forum: Personal Finance (Not Investing)
Topic: Non HDHP Penalty on EmployER HSA Contribution
Replies: 12
Views: 658

Re: Non HDHP Penalty on EmployER HSA Contribution

Is there a premium cost to add parent #2 on the low deductible plan? If so, maybe they could be enrolled in separate plans and “buy down” the high deductible with the premium savings from not enrolling a spouse in the low deductible plan. This would also give them the option to additionally fund th...
by SS Rambo
Wed Jun 17, 2020 7:28 pm
Forum: Personal Finance (Not Investing)
Topic: Non HDHP Penalty on EmployER HSA Contribution
Replies: 12
Views: 658

Re: Non HDHP Penalty on EmployER HSA Contribution

Here again why would you give up free money. It's not free if the premiums saved by foregoing coverage altogether are higher than the HSA contribution. True. However, the employee premium share for many employers is $0 for an HDHP or substantially < $1000/yr. Through three different plans, I always...
by SS Rambo
Wed Jun 17, 2020 8:22 am
Forum: Personal Finance (Not Investing)
Topic: Non HDHP Penalty on EmployER HSA Contribution
Replies: 12
Views: 658

Re: Non HDHP Penalty on EmployER HSA Contribution

Hey, it is still $1,000 in free money. True, thank you again for the response. The employer contribution is made in part with each paycheck, so sounds like we'll have to make a withdrawal request every two weeks but like you said, free money. Is there no option to decline health coverage entirely f...
by SS Rambo
Tue Jun 16, 2020 8:06 pm
Forum: Personal Finance (Not Investing)
Topic: Bank of America/Merrill Edge - Preferred Rewards
Replies: 688
Views: 162036

Re: Bank of America/Merrill Edge - Preferred Rewards

I recently noticed they provide a 2% discount on currency exchange rates, and plan to take advantage of that before the next trip abroad. Has anyone looked into whether the quoted exchange rates at BoA are competitive (with or without the rewards discount)? ATM once you land is less expensive. Schw...
by SS Rambo
Tue Jun 16, 2020 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: Bank of America/Merrill Edge - Preferred Rewards
Replies: 688
Views: 162036

Re: Bank of America/Merrill Edge - Preferred Rewards

I recently noticed they provide a 2% discount on currency exchange rates, and plan to take advantage of that before the next trip abroad. Has anyone looked into whether the quoted exchange rates at BoA are competitive (with or without the rewards discount)?
by SS Rambo
Tue Jun 16, 2020 11:20 am
Forum: Personal Investments
Topic: Questions on Mega Backdoor Roth
Replies: 46
Views: 2412

Re: Questions on Mega Backdoor Roth

Yes, almost all plan administrators allow you to split earnings and basis. If you do this quarterly, your earnings will be very small, and it will go to the Traditional IRA. Do you have an existing balance in a Traditional IRA? If so, I'd suggest rolling that into the 401k so that you can convert t...
by SS Rambo
Sun Jun 14, 2020 10:58 pm
Forum: Personal Finance (Not Investing)
Topic: Non HDHP Penalty on EmployER HSA Contribution
Replies: 12
Views: 658

Re: Non HDHP Penalty on EmployER HSA Contribution

Good to know. Thank you for the reply, expertise as always.

Unfortunate that the automatic employer money creates such a headache, but good to confirm the rules of the road.
by SS Rambo
Sun Jun 14, 2020 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: Non HDHP Penalty on EmployER HSA Contribution
Replies: 12
Views: 658

Non HDHP Penalty on EmployER HSA Contribution

I ran a search for this answer, and might've missed something, but didn't see this question. My parents are both working, and both covered under one parent's (Parent #1) Low Deductible Health Plan, which has great coverage. Because of this, the other working parent (Parent #2) selects the HDHP at th...
by SS Rambo
Fri Jun 12, 2020 12:33 pm
Forum: Personal Investments
Topic: Questions on Mega Backdoor Roth
Replies: 46
Views: 2412

Re: Questions on Mega Backdoor Roth

Will 10% get you above the $19.5k pre-tax/Roth limit ($25.5k over age 50)? If not, currently a moot point. We won't be able to tell you how your plan executes rollovers, they'll have to give you a better answer. They'll probably mail you a check you forward or scan for Vanguard. Since I can only do...
by SS Rambo
Fri Jun 12, 2020 11:57 am
Forum: Personal Investments
Topic: Questions on Mega Backdoor Roth
Replies: 46
Views: 2412

Re: Questions on Mega Backdoor Roth

Will 10% get you above the $19.5k pre-tax/Roth limit ($25.5k over age 50)? If not, currently a moot point. We won't be able to tell you how your plan executes rollovers, they'll have to give you a better answer. They'll probably mail you a check you forward or scan for Vanguard. Since I can only do ...
by SS Rambo
Sat Jun 06, 2020 5:36 pm
Forum: Personal Investments
Topic: Work-around for high-fee 401k and Backdoor Pro-Rata Rule?
Replies: 19
Views: 621

Re: Work-around for high-fee 401k and Backdoor Pro-Rata Rule?

I never could understand investmenting to avoid gains simply to avoid taxes. Buying bonds to reduce risk makes sense if your AA warrants it, but buying bonds because you’re averse to making taxable investment income and would rather earn no income, confuses me. I suppose this is in response to my c...
by SS Rambo
Sat Jun 06, 2020 3:10 pm
Forum: Personal Investments
Topic: Work-around for high-fee 401k and Backdoor Pro-Rata Rule?
Replies: 19
Views: 621

Re: Work-around for high-fee 401k and Backdoor Pro-Rata Rule?

I never could understand investmenting to avoid gains simply to avoid taxes. Buying bonds to reduce risk makes sense if your AA warrants it, but buying bonds because you’re averse to making taxable investment income and would rather earn no income, confuses me.
by SS Rambo
Sat Jun 06, 2020 1:15 pm
Forum: Personal Investments
Topic: Work-around for high-fee 401k and Backdoor Pro-Rata Rule?
Replies: 19
Views: 621

Re: Work-around for high-fee 401k and Backdoor Pro-Rata Rule?

Curious what these AUM fees are. This forum has a habit of scaring people out of certain things because there's a "high fee" when the math isn't fully brought into consideration. Can't let the tail wag the dog. For example if this AUM fee is 1% and you have $10k to roll into it, you're exposing your...
by SS Rambo
Mon Jun 01, 2020 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: Airline Voucher about to Expire: Options?
Replies: 15
Views: 1223

Re: Airline Voucher about to Expire: Options?

I have flown every 2-3 weeks all of 2020, all flights the last six weeks have been packed (80-100%). Masks required. Regarding vouchers, I have always had status and still never had luck begging American, SW and Alaska to extend expiration by a month (in writing, over the phone and in person at supp...
by SS Rambo
Mon Jun 01, 2020 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: Should I Stick with Term Insurance?
Replies: 29
Views: 1920

Re: Should I Stick with Term Insurance?

Thanks for the info..... My Insurance Agent has pushed for me to try to convert my current Term Policies into Universal Policies with Long Term Care Riders, which to me is just very expensive. While I realize Long Term Care could be a real factor down the road, we are in a wealth accumulation stage...
by SS Rambo
Mon Jun 01, 2020 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: Should I Stick with Term Insurance?
Replies: 29
Views: 1920

Re: Should I Stick with Term Insurance?

To answer the title of your thread: yes, stick with Term. To answer your two questions: 1) I think it will come down to some simple math on your end. Since you didn't mention anything about your current/future premiums, there would have to be some assuming (I assume these are 20 year level term poli...
by SS Rambo
Thu May 28, 2020 11:23 am
Forum: Personal Investments
Topic: Mega Backdoor Roth- Voluntary After-tax 401(k)
Replies: 12
Views: 841

Re: Mega Backdoor Roth- Voluntary After-tax 401(k)

You may run into a lot of entry level or third party recruiters that perform your initial interviews, and they may not know the nuances of a plan. I agree this is a very nice thing to know going into a decision, if you're deciding between two otherwise equal options right out of college or early in ...
by SS Rambo
Wed May 27, 2020 12:13 pm
Forum: Personal Investments
Topic: If husband can do T-IRA, but acct says Roth, then...
Replies: 32
Views: 1757

Re: If husband can do T-IRA, but acct says Roth, then...

Do you file taxes Married Filing Separately? How does he qualify for a Traditional IRA but you do not?