Search found 113 matches

by Cranberry44
Wed Nov 25, 2020 9:14 pm
Forum: Investing - Theory, News & General
Topic: Not Experiencing Any Problems With Fidelity
Replies: 12
Views: 802

Re: Not Experiencing Any Problems With Fidelity

Fidelity has sent multiple emails wanting to set up an appointment with one of their financial planners. We have also received literature from Edelman Financial Services which at one time was affiliated with my 401k held at Fidelity. I have requested several times to cease and desist but to no avai...
by Cranberry44
Wed Nov 25, 2020 11:25 am
Forum: Investing - Theory, News & General
Topic: BlackRock and the $15 trillion fund industry should be broken up, antimonopoly group says - CNN Business article
Replies: 30
Views: 3040

Re: BlackRock and the $15 trillion fund industry should be broken up, antimonopoly group says - CNN Business article

The actual paper, by American Economic Liberties Project, is here: https://www.economicliberties.us/our-work/new-money-trust/ And it starts with a Jack Bogle quote: Introduction In 2018, the late Vanguard founder Jack Bogle sounded an alarm about the risk that “a handful of giant institutional inves...
by Cranberry44
Tue Nov 17, 2020 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: [Marcus Savings Account - Interest rate is now 0.5%]
Replies: 230
Views: 30544

Re: [Marcus Savings Account - Interest rate is now 1.7%]

FYI: Marcus Savings Account APY is now 0.50%
by Cranberry44
Tue Nov 10, 2020 3:28 pm
Forum: Personal Investments
Topic: Retirement Plan Provider is Changing: TIAA -> MassMutual
Replies: 4
Views: 313

Re: Retirement Plan Provider is Changing: TIAA -> MassMutual

You don't say specifically that the employer is forcing you to transfer all existing investments from TIAA to Mass Mutual. Your statement could refer to "new" money put in after the date of the change. Which is it? Some such changes freeze the old investments and start you off at zero wit...
by Cranberry44
Tue Nov 10, 2020 3:15 pm
Forum: Personal Investments
Topic: Retirement Plan Provider is Changing: TIAA -> MassMutual
Replies: 4
Views: 313

Re: Retirement Plan Provider is Changing: TIAA -> MassMutual

Here are how the funds are moving.

I have something like 85% in VG 500 Index (VFIAX) and the rest in VG Small Cap Index (VSMAX).

I'll have to check the expense ratios later today.

Image
by Cranberry44
Tue Nov 10, 2020 3:08 pm
Forum: Personal Investments
Topic: Retirement Plan Provider is Changing: TIAA -> MassMutual
Replies: 4
Views: 313

Retirement Plan Provider is Changing: TIAA -> MassMutual

The school I teach at is changing retirement plan providers from TIAA to MassMutual (403b). This is my first retirement account and it just started in September -- I've never gone though such a process before. Any fine points I should be aware of? No alarm bells are going off for me, but I figured I...
by Cranberry44
Sat Oct 17, 2020 12:16 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 1843
Views: 235766

Re: Post your Financial Milestone Announcements Here

Congratulations :D . I don't know a lot of people but almost all of them assuredly do not have NWs north of $100k. You should be quite proud. Congratulations! :sharebeer The journey to financial freedom begins with the first step. You’ve taken that and more....just keep doing whatever it is you are...
by Cranberry44
Fri Oct 16, 2020 12:45 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 1843
Views: 235766

Re: Post your Financial Milestone Announcements Here

On 09/26/2020 I reached 100k NW. I haven't dipped below it yet, somehow. I know that's pitiful to the majority of the posters here, but it was a significant milestone for me, and I'm quite proud of the progress.
by Cranberry44
Sat Sep 26, 2020 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey Home Affordability Calculator
Replies: 74
Views: 7562

Re: Dave Ramsey Home Affordability Calculator

whodidntante wrote: Sat Sep 26, 2020 4:45 pm
whodidntante wrote: Fri Sep 25, 2020 7:36 pm It's not as stringent as the Toons Home Affordability Calculator where once you've paid off the home, you afforded it. :happy
True.
Well, I guess that's better than disagreeing with yourself. :)
by Cranberry44
Fri Sep 25, 2020 2:05 pm
Forum: Personal Investments
Topic: Should I sell my bonds and stocks? -- Jumping tack brackets next year
Replies: 7
Views: 850

Re: Should I sell my bonds and stocks? -- Jumping tack brackets next year

...You may even be in the tax bracket where long term capital gains are taxed at 0% by the feds, your state may still tax them.... ...I honestly didn't know there is a state-level capital gains tax... I had only been considering federal. Thanks for mentioning that, Watty! ...I'm slowly learning... ...
by Cranberry44
Thu Sep 24, 2020 7:00 pm
Forum: Personal Investments
Topic: Should I sell my bonds and stocks? -- Jumping tack brackets next year
Replies: 7
Views: 850

Re: Should I sell my bonds and stocks? -- Jumping tack brackets next year

ENB (Enbridge): approx 1.5k DUK (Duke Energy): approx 4k BLV (Vanguard Long-Term Bonds): approx 11k I also hold VT (25k), which I’d ideally like to replace with VTI and VXUS, but it may not be worth it. The amount of these investments does not matter a lot, what matters is how much capital gains(or...
by Cranberry44
Thu Sep 24, 2020 6:54 pm
Forum: Personal Investments
Topic: Re: Fees on Roth IRA transfer
Replies: 7
Views: 422

Re: Fees on Roth IRA transfer

Considering that Fidelity does this all the time, I feel sure it is legal for them to reimburse you for that cost. This is not another contribution. I would not give it a second thought. It won’t show up on your 5498 as a contribution. Similar to an account opening bonus which for a Roth IRA can be...
by Cranberry44
Thu Sep 24, 2020 1:30 pm
Forum: Personal Investments
Topic: Re: Fees on Roth IRA transfer
Replies: 7
Views: 422

Re: Fees on Roth IRA transfer

inverter wrote: Thu Sep 24, 2020 1:15 pm No, don't believe it is. You've already contributed.
So the prudent course of action would be to withdraw all of Fidelity's reimbursed funds? Is there any other course of action I should take to ensure I don't violate anything here?

Thanks so much!
by Cranberry44
Thu Sep 24, 2020 12:50 pm
Forum: Personal Investments
Topic: Re: Fees on Roth IRA transfer
Replies: 7
Views: 422

Re: Fees on Roth IRA transfer

I transferred a 2020 maxed-out Roth IRA (fully invested in VTI) in July 2020 from Raymond James (RJ) to Fidelity. RJ withdrew $125 from the account (after the transfer) as a transfer fee. Fidelity then reimbursed that amount back into the Roth IRA at Fidelity. I'm curious about this: because some of...
by Cranberry44
Thu Sep 24, 2020 11:05 am
Forum: Personal Investments
Topic: Should I sell my bonds and stocks? -- Jumping tack brackets next year
Replies: 7
Views: 850

Should I sell my bonds and stocks? -- Jumping tack brackets next year

I’m working on reducing my holdings to a three fund portfolio. The remaining stocks/bonds in my taxable account are from my former financial advisor (who I left in July), and a stock gift. They are: ENB (Enbridge): approx 1.5k DUK (Duke Energy): approx 4k BLV (Vanguard Long-Term Bonds): approx 11k I...
by Cranberry44
Sun Sep 20, 2020 9:23 am
Forum: Personal Investments
Topic: How long does it take for your 403b/401k contribution to show up after payday?
Replies: 29
Views: 1341

Re: How long does it take for your 403b/401k contribution to show up after payday?

... Actually, one hiccup in this if I recall was a contribution at the end of the year in December that actually didn't post until January. That was one I dug into this over, as when it posted in January I feared it would reduce the amount I could contribute during that year, and got cheated on max...
by Cranberry44
Sun Sep 20, 2020 8:46 am
Forum: Personal Investments
Topic: How long does it take for your 403b/401k contribution to show up after payday?
Replies: 29
Views: 1341

How long does it take for your 403b/401k contribution to show up after payday?

I started a new job that offers a 403b. This is the first time I've had an employer sponsored account (is this the right language for that?). I get paid every two weeks on Friday, and I’ve only had two paychecks so far, but I am a bit surprised at how long it takes for my payroll deduction to show u...
by Cranberry44
Fri Aug 07, 2020 10:26 am
Forum: Personal Investments
Topic: Should I bother trying to replicate Total US Stock Market in my 401k?
Replies: 28
Views: 2382

Re: Should I bother trying to replicate Total US Stock Market in my 401k?

Thanks again for everyone's input. I decided to go with the 2 fund approach starting with a 80/20 ratio, and will see if rebalancing is necessary once a year but not bother if the ratios are within 75/25 to 85/15, otherwise I will rebalance back to 80/20. If the expense ratio for both funds was not...
by Cranberry44
Thu Aug 06, 2020 4:43 pm
Forum: Investing - Theory, News & General
Topic: White Coat Investor Podcast - Rick Ferri and Paul Merriman
Replies: 5
Views: 929

Re: White Coat Investor Podcast - Rick Ferri and Paul Merriman

I couldn't find the second-part via that link for some reason. I found this direct link through WCI's twitter:

https://www.whitecoatinvestor.com/rick- ... dcast-170/
by Cranberry44
Thu Aug 06, 2020 3:26 pm
Forum: Personal Investments
Topic: Should I bother trying to replicate Total US Stock Market in my 401k?
Replies: 28
Views: 2382

Re: Should I bother trying to replicate Total US Stock Market in my 401k?

Thanks again for everyone's input. I decided to go with the 2 fund approach starting with a 80/20 ratio, and will see if rebalancing is necessary once a year but not bother if the ratios are within 75/25 to 85/15, otherwise I will rebalance back to 80/20. If the expense ratio for both funds was not...
by Cranberry44
Thu Aug 06, 2020 11:29 am
Forum: Personal Finance (Not Investing)
Topic: Help with Health Care plan: Kaiser HMO vs PPO+HSA (in CA)
Replies: 17
Views: 1371

Help with Health Care plan: Kaiser HMO vs PPO+HSA (in CA)

Hi all: I've never had an employer sponsored health plan until now. My new gig offers these two choices: I'd like to solicit opinions on these offerings. I've had Kaiser my entire life and never considered other options. I have zero experience with PPOs and HSAs, and I'm not sure how to compare or w...
by Cranberry44
Tue Aug 04, 2020 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Marcus lowers savings APY from 1.05% to 0.8%
Replies: 32
Views: 3086

Marcus lowers savings APY from 1.05% to 0.8%

I just logged into my Marcus account and saw that the rate on their savings accounts has been reduced from 1.05% to .8%.

As of right now they still have a 7-month NPCD at .9%.
by Cranberry44
Sun Jul 26, 2020 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: How do you organize and manage your paper bills, statements, and other financial documents?
Replies: 18
Views: 1233

How do you organize and manage your paper bills, statements, and other financial documents?

Question : How do you organize and manage your paper bills, statements, and other financial documents? Context : I’m happy with the progress I’ve made in re-structuring my financial life, but I am continually returning to the question of how to maintain/organize all of the associated paperwork, inc...
by Cranberry44
Wed Jul 22, 2020 12:54 pm
Forum: Personal Investments
Topic: I want to leave Raymond James -- Please help me decide where to go.
Replies: 62
Views: 3353

Re: I want to leave Raymond James -- Please help me decide where to go.

*UPDATE* (also added to the original post) I transferred to Fidelity. It was scarily easy; I only regret not doing it earlier. I submitted the transfer request on a Friday afternoon and the full process was completed by the next Wednesday. Raymond James charged $250 total to transfer/close my taxabl...
by Cranberry44
Fri Jul 03, 2020 9:52 pm
Forum: Personal Investments
Topic: Fees (other than commission) for selling ETFs?
Replies: 4
Views: 282

Re: Fees (other than commission) for selling ETFs?

There was a thread on this just a couple days ago here: viewtopic.php?f=1&t=318949&newpost=5343297
by Cranberry44
Fri Jul 03, 2020 9:44 am
Forum: Investing - Theory, News & General
Topic: Will ex-US ever revert to good performance? Or is it just a high-risk, low-reward investment?
Replies: 358
Views: 19750

Re: Will ex-US ever revert to good performance? Or is it just a high-risk, low-reward investment?

I'm curious -- does anyone know if there any Target-Date-like funds out there that don't hold an ex-us allocation? There are none: it’d be the investment management equivalent of malpractice. Thanks, vineviz -- that is what I suspected. I love the back and forth here (this thread and others like it...
by Cranberry44
Fri Jul 03, 2020 9:06 am
Forum: Investing - Theory, News & General
Topic: Will ex-US ever revert to good performance? Or is it just a high-risk, low-reward investment?
Replies: 358
Views: 19750

Re: Will ex-US ever revert to good performance? Or is it just a high-risk, low-reward investment?

I'm curious -- does anyone know if there any Target-Date-like funds out there that don't hold an ex-us allocation?
by Cranberry44
Thu Jul 02, 2020 1:36 pm
Forum: Investing - Theory, News & General
Topic: Will ex-US ever revert to good performance? Or is it just a high-risk, low-reward investment?
Replies: 358
Views: 19750

Re: Will ex-US ever revert to good performance? Or is it just a high-risk, low-reward investment?

VTIAX appears to be a high-risk, low-return investment, so why does Vanguard currently recommend allocating 40% to it? Related to the quote above: Did Vanguard's Target-Date Funds (and recommendations, etc). have a similar allocation of international when Bogle was alive? Did he ever comment on it?
by Cranberry44
Wed Jul 01, 2020 12:55 pm
Forum: Personal Investments
Topic: How to decide between Savings and No-Penalty CD
Replies: 8
Views: 717

Re: How to decide between Savings and No-Penalty CD

I would calculate the difference between 1% interest and 0% and ask myself if it was worth the time and energy to stress out over optimizing. Odds are I would come up with the answer of "nope, the difference is so small it doesn't matter what I decide" I largely agree, so I'm partly askin...
by Cranberry44
Wed Jul 01, 2020 12:41 pm
Forum: Personal Investments
Topic: How to decide between Savings and No-Penalty CD
Replies: 8
Views: 717

How to decide between Savings and No-Penalty CD

I’m brand new to the world of High Yield Savings Account (HYSA) and No-Penalty CDs (NPCD), and I am wondering how to decide between the two.

 In short, what factors should I consider when deciding between funding a no-penalty CD and a regular savings account, when the APY on the NPCD is lower than ...
by Cranberry44
Sun Jun 28, 2020 3:29 pm
Forum: Personal Investments
Topic: I want to leave Raymond James -- Please help me decide where to go.
Replies: 62
Views: 3353

Re: I want to leave Raymond James -- Please help me decide where to go.

Several posters have said that Vanguard ETFs trade commission free at Fidelity. I cannot verify that. The lists I've looked at do not contain Vanguard produces. They are Fido products, iShares, and a few other odds and ends. Yes, the lists are current. :happy I can't get access to the list on Fido'...
by Cranberry44
Sun Jun 28, 2020 3:27 pm
Forum: Personal Investments
Topic: I want to leave Raymond James -- Please help me decide where to go.
Replies: 62
Views: 3353

Re: I want to leave Raymond James -- Please help me decide where to go.

That seems like an insane commute. It is, but the wage is about 3x my current employer, plus I'll have employee sponsored health insurance and a retirement account for the first time (aside from my Roth IRA), and better prospects for job stability. I'll hopefully be able to move closer next year. W...
by Cranberry44
Sun Jun 28, 2020 3:02 pm
Forum: Personal Investments
Topic: I want to leave Raymond James -- Please help me decide where to go.
Replies: 62
Views: 3353

Re: I want to leave Raymond James -- Please help me decide where to go.

Cheez-It Guy wrote: Sun Jun 28, 2020 2:43 pm That seems like an insane commute.
It is, but the wage is about 3x my current employer, plus I'll have employee sponsored health insurance and a retirement account for the first time (aside from my Roth IRA), and better prospects for job stability. I'll hopefully be able to move closer next year.
by Cranberry44
Sun Jun 28, 2020 1:54 pm
Forum: Personal Investments
Topic: I want to leave Raymond James -- Please help me decide where to go.
Replies: 62
Views: 3353

Re: I want to leave Raymond James -- Please help me decide where to go.

Because of your anxiety, I suggest that you move to a Fidelity, Schwab, or TDAmeritrade that has an office within 12.38 miles of your home. If there are no such offices, then Vanguard would be fine. Hi livesoft! Mind expounding on the "12.38" miles amount? Is that a joke, or is there lite...
by Cranberry44
Sun Jun 28, 2020 1:19 pm
Forum: Personal Investments
Topic: Portfolio Review (first time): 31 & hoping to finally take control of finances
Replies: 57
Views: 3469

Re: Portfolio Review (first time): 31 & hoping to finally take control of finances

Therefore... my decision is back to deciding between 1) TIAA-CREF Lifecycle Index 2) Using a mix of... Vanguard 500 Index Fund Admiral (VFIAX) 0.04% Vanguard Developed Markets Index Fund Admiral (VTMGX) 0.07% Vanguard Intermediate-Term Bond Index Fund Admiral (VBILX) 0.07% Vanguard Mid-Cap Index Fu...
by Cranberry44
Sun Jun 28, 2020 12:37 pm
Forum: Personal Investments
Topic: I want to leave Raymond James -- Please help me decide where to go.
Replies: 62
Views: 3353

Re: I want to leave Raymond James -- Please help me decide where to go.

What is RJ's transfer out fee? With two accounts, it could easily be a hundred dollars or more. Fidelity will reimburse you (ask for it before the transfer), Vanguard won't. Citing Raymond James' page, Client Account Fees and Charges : ... Closing fee related to the external transfer of an account ...
by Cranberry44
Sun Jun 28, 2020 12:29 pm
Forum: Personal Investments
Topic: I want to leave Raymond James -- Please help me decide where to go.
Replies: 62
Views: 3353

Re: I want to leave Raymond James -- Please help me decide where to go.

HomeStretch wrote: Sun Jun 28, 2020 10:19 am ... Which firm is the custodian for your new 403b?

My new 403b will be at TIAA -- thank you for helping me clarify. Because it's TIAA, I don't imagine this will factor into the equation, correct?

Thanks!
by Cranberry44
Sun Jun 28, 2020 9:59 am
Forum: Personal Investments
Topic: I want to leave Raymond James -- Please help me decide where to go.
Replies: 62
Views: 3353

I want to leave Raymond James -- Please help me decide where to go.

*UPDATE* I transferred to Fidelity. It was scarily easy; I only regret not doing it earlier. I submitted the transfer request on a Friday afternoon and the full process was completed by the next Wednesday. Raymond James charged $250 total to transfer/close my taxable account and Roth IRA, and Fideli...
by Cranberry44
Sun Jun 28, 2020 8:45 am
Forum: Personal Investments
Topic: Portfolio Review (first time): 31 & hoping to finally take control of finances
Replies: 57
Views: 3469

Re: Portfolio Review (first time): 31 & hoping to finally take control of finances

If the guaranteed rate is only 1% now and can only increase to a max 3%, then no, I wouldn't invest in it. I think I would take my chances with total bond market fund instead. Something else I picked up from the forum discussions is that if there is the word "Retirement Choice" in the nam...
by Cranberry44
Sun Jun 28, 2020 8:08 am
Forum: Personal Finance (Not Investing)
Topic: Forgo a year of retirement contributions to spend on self?
Replies: 45
Views: 4031

Re: Forgo a year of retirement contributions to spend on self?

If OP wasn't so behind and had more income, maybe . In this case, no way. There are some circumstances where it can make sense to reduce contributions. Yours probably isn't one of them. And stopping 401k contributions altogether is a REALLY bad idea, especially if you have an employer match. At age...
by Cranberry44
Sat Jun 27, 2020 10:10 pm
Forum: Personal Finance (Not Investing)
Topic: Forgo a year of retirement contributions to spend on self?
Replies: 45
Views: 4031

Re: Forgo a year of retirement contributions to spend on self?

If OP wasn't so behind and had more income, maybe . In this case, no way. There are some circumstances where it can make sense to reduce contributions. Yours probably isn't one of them. And stopping 401k contributions altogether is a REALLY bad idea, especially if you have an employer match. At age...
by Cranberry44
Sat Jun 27, 2020 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: Close Wells Fargo Savings Account?
Replies: 14
Views: 1003

Re: Close Wells Fargo Savings Account?

... I also think i was suposed to have a second account to keep free checking, however that policy might have gone away with the fake accounts scandal ... Great point -- I will need to check on this before making any further decisions. If one is paying any fees to WellsFargo, then they should stop ...
by Cranberry44
Sat Jun 27, 2020 5:36 pm
Forum: Personal Investments
Topic: Figuring out Cost-Basis: DRIP, Merger, Spin-off, Bought by a Foreign Company, Reverse Split.
Replies: 9
Views: 623

Re: Figuring out Cost-Basis: DRIP, Merger, Spin-off, Bought by a Foreign Company, Reverse Split.

What is your current tax bracket? If you happen to be in the capital gains 0% zone, it doesn't really matter. Worst case scenario is you conclude your cost basis is zero, and the entire $6,000 is capital gain. Then pay 0% on the $6,000 gain. Any well documented and defensible cost basis position wi...
by Cranberry44
Sat Jun 27, 2020 5:25 pm
Forum: Personal Investments
Topic: Figuring out Cost-Basis: DRIP, Merger, Spin-off, Bought by a Foreign Company, Reverse Split.
Replies: 9
Views: 623

Re: Figuring out Cost-Basis: DRIP, Merger, Spin-off, Bought by a Foreign Company, Reverse Split.

What is your current tax bracket? If you happen to be in the capital gains 0% zone, it doesn't really matter. Worst case scenario is you conclude your cost basis is zero, and the entire $6,000 is capital gain. Then pay 0% on the $6,000 gain. Any well documented and defensible cost basis position wi...
by Cranberry44
Sat Jun 27, 2020 4:21 pm
Forum: Personal Investments
Topic: Portfolio Review (first time): 31 & hoping to finally take control of finances
Replies: 57
Views: 3469

Re: Portfolio Review (first time): 31 & hoping to finally take control of finances

I am afraid you may have to dig into the plan and fund literature on this, but I am *guessing* that this is the illiquid annuity by TIAA. Basically, any money you invest in this fund will get a GUARANTEED minimum of 3% per year. In return for that guarantee, though, you are (a) agreeing lock up thi...
by Cranberry44
Sat Jun 27, 2020 10:54 am
Forum: Personal Finance (Not Investing)
Topic: Close Wells Fargo Savings Account?
Replies: 14
Views: 1003

Close Wells Fargo Savings Account?

Hi all, I've had a Wells Fargo Savings account for more than a decade. It pays 0.01% interest and has a required $300 minimum balance. In the beginning of June I opened another savings account (and one no-penalty CD) at Marcus, and moved all but $300 of my savings there. Wells Fargo also has my (onl...
by Cranberry44
Fri Jun 26, 2020 7:55 pm
Forum: Personal Investments
Topic: Worth it to transfer 2 company stocks to E*Trade?
Replies: 12
Views: 885

Re: Worth it to transfer 2 company stocks to E*Trade?

I've created a new thread to ask about specific cost-basis questions regarding these two stocks (one of which, it turns out, is a spin-off). The cost-basis, to me at least, appears far more complicated than I expected. Here's the thread: Figuring out Cost-Basis: DRIP, Merger, Spin-off, Bought by a F...
by Cranberry44
Fri Jun 26, 2020 7:36 pm
Forum: Personal Investments
Topic: Figuring out Cost-Basis: DRIP, Merger, Spin-off, Bought by a Foreign Company, Reverse Split.
Replies: 9
Views: 623

Figuring out Cost-Basis: DRIP, Merger, Spin-off, Bought by a Foreign Company, Reverse Split.

Hello! A relative bought a handful of shares for me in my name in 1994 (when I was 4/5). This company has since merged with another company, then had a spin off, and then the spin off got bought by a company in Canada, and the original company had a 1:3 reverse stock split. The shares have been in D...