Search found 888 matches

by exigent
Mon Feb 04, 2019 8:43 pm
Forum: Personal Consumer Issues
Topic: Mr. Money Mustache donates $100k to charity, writes about effective altruism
Replies: 112
Views: 16983

Re: Mr. Money Mustache donates $100k to charity, writes about effective altruism

I only skimmed the article, so I’m not sure if he addressed this, but... I sure hope he donated appreciated assets instead of cash. That provides a dual tax benefit, and also an opportunity to educate readers about a good strategy for making charitable donations in the most efficient possible way.
by exigent
Mon Feb 04, 2019 6:34 am
Forum: Personal Investments
Topic: 7-year treasury ladder as bond fund?
Replies: 5
Views: 588

Re: 7-year treasury ladder as bond fund?

Why not just buy a Treasury fund?
by exigent
Sun Feb 03, 2019 10:17 am
Forum: Personal Investments
Topic: Ally Bank's nightmarish online reviews -- should I be worried?
Replies: 97
Views: 8687

Re: Ally Bank's nightmarish online reviews -- should I be worried?

We made our opening deposit with Ally on Sept 3, 2010 which was shortly after they re-branded from GMAC Financial to Ally. In the time since, we have maintained a savings account with them, opened and closed multiple CDs (including breaking CDs before maturity), and transferred money in/out via ACH ...
by exigent
Sat Feb 02, 2019 8:14 am
Forum: Personal Investments
Topic: Vanguard Personal Advisor Services
Replies: 17
Views: 1822

Re: Vanguard Personal Advisor Services

On a related note, although I appreciate that Vanguard is making its mark on the industry with a low cost advisory service, I wish PAS was based on a flat fee, or at least on a declining percentage with a cap. I can’t see why someone with a $4m portfolio should pay 4 times as much as someone with a...
by exigent
Fri Feb 01, 2019 7:38 am
Forum: Personal Consumer Issues
Topic: Letting Dog out everyday for lunch... the roundtrip drive is killing me.. ideas?
Replies: 151
Views: 9509

Re: Letting Dog out everyday for lunch... the roundtrip drive is killing me.. ideas?

Install a doggie door and be done with it.

Also: if your wife teaches kindergarten relatively close to the house, why is she not getting home until 5pm or later?
by exigent
Mon Jan 28, 2019 7:58 am
Forum: Personal Investments
Topic: fidelity brokeragelink - bookkeeping for tradition/roth 401k
Replies: 7
Views: 540

Re: fidelity brokeragelink - bookkeeping for tradition/roth 401k

Hmmm. I only have traditional contributions, but had assumed (perhaps incorrectly?) that if i started doing Roth contributions to one of my work-related retirement plans that the money would go into a separate account. Is that not the case?
by exigent
Sun Jan 27, 2019 3:05 pm
Forum: Investing - Theory, News & General
Topic: For young investors not yet seen a bear market or recession. How do you truly know your risk tolerance and plan for it?
Replies: 103
Views: 6310

Re: For young investors not yet seen a bear market or recession. How do you truly know your risk tolerance and plan for

I was reminded of the following when reading this:
“Everyone has a plan until they get punched in the mouth”
—Mike Tyson
As confident as you might be, it’s hard to know how it will feel when the bottom drops out until it actually happens.
by exigent
Sun Jan 27, 2019 11:59 am
Forum: Investing - Theory, News & General
Topic: Buy low, sell high potential vs 3-fund portfolio
Replies: 5
Views: 608

Re: Buy low, sell high potential vs 3-fund portfolio

Giving up 0.7% (or whatever) by adding more bonds also comes with reduced risk, so it’s fundamentally different than paying an extra 0.7% for high ER investments.
by exigent
Fri Jan 25, 2019 9:29 am
Forum: Personal Finance (Not Investing)
Topic: Quicken alternatives?
Replies: 17
Views: 1021

Re: Quicken alternatives?

Moneydance.
by exigent
Wed Jan 23, 2019 5:58 pm
Forum: Personal Investments
Topic: Ally bank 1-year 2.75% CD or Vanguard VMLUX?
Replies: 19
Views: 2841

Re: Ally bank 1-year 2.75% CD or Vanguard VMLUX?

Instead of a $500k single CD, I would suggest something like 10 x $50k just to provide flexibility to break it a little at a time if/as needed. It takes a few extra minutes to set it up like this, but it gives you the option of tapping a portion without paying the early withdrawal penalty on the who...
by exigent
Wed Jan 23, 2019 8:16 am
Forum: Personal Investments
Topic: Schwab does not allow specific tax lots to be selected online when selling mutual funds
Replies: 74
Views: 3330

Re: Schwab does not allow specific tax lots to be selected online when selling mutual funds

Yes, for a Fidelity brokerage account you can set the Cost Basis method to Specific Identification and identify specific lots when selling. No need to call. Thanks. That means Fidelity and Vanguard are a superior options over Schwab for buying and selling mutual funds in a non-tax advantaged accoun...
by exigent
Tue Jan 22, 2019 8:07 pm
Forum: Personal Investments
Topic: Ally bank 1-year 2.75% CD or Vanguard VMLUX?
Replies: 19
Views: 2841

Re: Ally bank 1-year 2.75% CD or Vanguard VMLUX?

The tax equivalent yield on 2.07% in a federally tax exempt fund is 2.72% taxable. That’s essentially the same as Ally, actually a little worse, and there’s no risk of principal loss at Ally (assuming you respect FDIC limits). Push it another 2 months and you get 2.85% at Ally using their 14 month s...
by exigent
Tue Jan 22, 2019 11:40 am
Forum: Personal Investments
Topic: Retirement plan “improvements” (Fidelity vs. TIAA)
Replies: 18
Views: 1189

Re: Retirement plan “improvements” (Fidelity vs. TIAA)

It looks like we will have access to the Retirement Choice (RC) and Retirement Choice Plus (RCP) versions if TIAA Traditional in our main retirement account and in optional 403(b)/457(b) accounts, respectively. These have a variable minimum rate ranging from 1-3%, which is updated annually. The mini...
by exigent
Tue Jan 22, 2019 7:28 am
Forum: Personal Investments
Topic: Retirement plan “improvements” (Fidelity vs. TIAA)
Replies: 18
Views: 1189

Re: Retirement plan “improvements” (Fidelity vs. TIAA)

QREARX looks interesting since its performance seems to exhibit a time lag the market, almost giving you a crystal ball of future returns. Not that I’d trust my ability to use this to my advantage... Traditional also looks interesting, I’m curious how it performs in high rate environments. It’s curr...
by exigent
Mon Jan 21, 2019 8:52 pm
Forum: Personal Investments
Topic: Retirement plan “improvements” (Fidelity vs. TIAA)
Replies: 18
Views: 1189

Re: Retirement plan “improvements” (Fidelity vs. TIAA)

I was at an employer for fourteen years whose 401(k) was managed by Fidelity. My previous employer had been a nonprofit that had access to TIAA-CREF. Fidelity isn't perfect, but IMHO they ain't bad. And while I had warm feelings about TIAA-CREF prior to Herb Allison taking the helm in 2002, afterwa...
by exigent
Mon Jan 21, 2019 8:52 pm
Forum: Personal Investments
Topic: Retirement plan “improvements” (Fidelity vs. TIAA)
Replies: 18
Views: 1189

Re: Retirement plan “improvements” (Fidelity vs. TIAA)

Either company is good. Both have low fees (as you have described). If I was only a few years from retirement (or leaving the company), I would not switch (very minimal overall cost due to slightly higher fees). However, if I was 10+ years from retirement I would definitely make the switch to sligh...
by exigent
Mon Jan 21, 2019 8:47 pm
Forum: Personal Investments
Topic: Retirement plan “improvements” (Fidelity vs. TIAA)
Replies: 18
Views: 1189

Re: Retirement plan “improvements” (Fidelity vs. TIAA)

I know you are focused on Vanguard funds, but what is your access to TIAA funds, particularly TIAA traditional (and which version of traditional) and real estate (QREARX)? Both are available. I’m not really familiar with either one, but the real estate fund looks pretty expensive, with an ER of 0.7...
by exigent
Mon Jan 21, 2019 7:14 pm
Forum: Personal Investments
Topic: Retirement plan “improvements” (Fidelity vs. TIAA)
Replies: 18
Views: 1189

Retirement plan “improvements” (Fidelity vs. TIAA)

My employer is “improving” our retirement plan options to better adhere to “industry standards” and supposedly reduce fees. Not surprisingly, this will actually result in an *increase* in fees for my wife and me. The upshot is that there will be an extra 0.1% in fees added to my Fidelity accounts. T...
by exigent
Sat Jan 19, 2019 7:34 pm
Forum: Personal Consumer Issues
Topic: Who's flying?
Replies: 83
Views: 10042

Re: Who's flying?

I wonder what the overall rate of attrition is. Calling in sick in just one potential problem. But these are relatively high turnover jobs, and I doubt people are clamoring to get hired on (if they’re even allowed to hire during a shutdown?) to fill new vacancies. This could be a problem even if peo...
by exigent
Sat Jan 19, 2019 7:30 pm
Forum: Investing - Theory, News & General
Topic: How does Fidelity cut cost on their zero expense index funds?
Replies: 7
Views: 749

Re: How does Fidelity cut cost on their zero expense index funds?

It's just a loss leader for them and they make money by securities lending like every other fund out there including VG. Fidelity does a whole lot more than just trade index funds. I would imagine that some fraction of people who move money ther for zero-fee funds also end up investing in higher fe...
by exigent
Thu Jan 17, 2019 8:30 pm
Forum: Personal Investments
Topic: Does anyone have entire 401K in bonds?
Replies: 56
Views: 5709

Re: Does anyone have entire 401K in bonds?

The only misgiving I have about this arrangement is that our Roth accounts are filled with bonds, as is our HSA. I would prefer equity growth potential in there. The problem is that would come at the cost of moving more bonds into taxable. Not sure what is best. Roth space is worth 1/(1 - "retireme...
by exigent
Thu Jan 17, 2019 11:41 am
Forum: Personal Investments
Topic: Does anyone have entire 401K in bonds?
Replies: 56
Views: 5709

Re: Does anyone have entire 401K in bonds?

Our retirement accounts are entirely bonds right now. We also have some bonds (intermediate tax-exempt) in taxable. We are 60/40 and simply don’t have enough tax-advantaged space for all of our bonds, so we filled them all up and put the spillover in taxable. All equities are likewise in taxable. T...
by exigent
Wed Jan 16, 2019 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 629
Views: 67219

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

Same. Looks like it's safe to re-deploy that money elsewhere.
by exigent
Wed Jan 16, 2019 3:29 pm
Forum: Personal Finance (Not Investing)
Topic: 100k funds from closed ally cd needs a home.
Replies: 13
Views: 1459

Re: 100k funds from closed ally cd needs a home.

Just got my email, too. Looks like the bonus is locked in and I can go ahead and move the funds elsewhere. I plan on incorporating it into my asset allocation. I typically lump CDs in with bonds/other fixed income. So I will start by making sure that the equity/income ratio is in-check. If not, I wi...
by exigent
Wed Jan 16, 2019 8:04 am
Forum: Investing - Theory, News & General
Topic: I-bond Novice, question about annual max
Replies: 1
Views: 270

Re: I-bond Novice, question about annual max

Pretty sure you’re out of luck for 2018, but... You can intentionally overpay (send in a Q4 estimated payment to create an overage before filing) to get I bonds with your tax return. So even if you don’t normally have a big enough refund, you can still make it work at tax filing time.
by exigent
Tue Jan 15, 2019 4:13 pm
Forum: Personal Finance (Not Investing)
Topic: Screwed myself on salary negotiations, how do I get past this?
Replies: 25
Views: 2634

Re: Screwed myself on salary negotiations, how do I get past this?

For all you know, they would've rescinded the offer if you'd asked for too much. It's impossible to know for sure, but you got the better job for more than they originally offered. That's a win.
by exigent
Tue Jan 15, 2019 9:56 am
Forum: Personal Investments
Topic: Does anyone have entire 401K in bonds?
Replies: 56
Views: 5709

Re: Does anyone have entire 401K in bonds?

Our retirement accounts are entirely bonds right now. We also have some bonds (intermediate tax-exempt) in taxable. We are 60/40 and simply don’t have enough tax-advantaged space for all of our bonds, so we filled them all up and put the spillover in taxable. All equities are likewise in taxable. Th...
by exigent
Sat Jan 12, 2019 4:42 pm
Forum: Personal Consumer Issues
Topic: Who's flying?
Replies: 83
Views: 10042

Re: Who's flying?

I flew out of San Diego this morning and there was zero wait when I passed through security. I was a little concerned because yesterday was apparently the first payday that they had missed. I thought that might prompt some to stay home, but it was a complete non-issue. At some point, if this continu...
by exigent
Wed Jan 09, 2019 11:38 pm
Forum: Personal Finance (Not Investing)
Topic: Ally bonus question
Replies: 26
Views: 3382

Re: Ally bonus question

I wonder what their end game is. Are they going to dangle a juicy CD offer in hopes of keeping some of that money around? Or are they content to have people cash out and walk away with their $1k bonus?
by exigent
Wed Jan 09, 2019 12:33 pm
Forum: Personal Investments
Topic: Can I Backdoor ROTH older Non Deductable tIRA
Replies: 12
Views: 564

Re: Can I Backdoor ROTH older Non Deductable tIRA

Maybe semantics, but a backdoor Roth is putting money into a trad Ira, then immediately converting it to a Roth. You can do a “normal” conversion to a Roth at any time, you just have to pay taxes on any gains. But if you also have deductible contributions in a tIRA (you meantioned large balances fr...
by exigent
Mon Jan 07, 2019 8:07 am
Forum: Investing - Theory, News & General
Topic: Avoid rebalancing between risky assets. Let bulls run.
Replies: 33
Views: 2818

Re: Avoid rebalancing between risky assets. Let bulls run.

The OP's results are pretty much in line with what I found more than a decade ago: there's a weak tendency in favor of wider bands/less frequent rebalancing, but it's not all that convincing. What, if anything, does this say about Target Retirement funds, where rebalancing is presumably done on a c...
by exigent
Sun Jan 06, 2019 9:56 am
Forum: Personal Consumer Issues
Topic: Who pays for apps?
Replies: 42
Views: 2508

Re: Who pays for apps?

I’ll happily pay $0.99 to remove ads from an app that I use frequently. And if a paid app has features that are worth it to me in terms of improved efficiency, etc. then I will likewise pay for it.
by exigent
Sat Jan 05, 2019 10:29 pm
Forum: Personal Consumer Issues
Topic: Best way to move on from pricy car?
Replies: 35
Views: 2318

Re: Best way to move on from pricy car?

How much warranty do you have left? And is this a common problem? I know it’s not a super common car, but search and see if others are reporting similar. I’d get it fixed (again) in hopes that it won’t recur. Ask for the old parts back so you know they didn’t just re-install the original, faulty par...
by exigent
Sat Jan 05, 2019 8:11 pm
Forum: Personal Investments
Topic: I now have a lot more traditional than Roth. Should I shift into Roth 401K ?
Replies: 47
Views: 2134

Re: I now have a lot more traditional than Roth. Should I shift into Roth 401K ?

livesoft wrote:
Sat Jan 05, 2019 5:44 pm
I am your future.
This is totally off topic, but you should definitely get this printed on a t-shirt.
by exigent
Sat Jan 05, 2019 8:03 pm
Forum: Personal Investments
Topic: I now have a lot more traditional than Roth. Should I shift into Roth 401K ?
Replies: 47
Views: 2134

Re: I now have a lot more traditional than Roth. Should I shift into Roth 401K ?

No, it would not be a smart move. I suggest traditional. I asked a similar question awhile back and based on the responses that I got, and some additional thinking/reading, I agree with livesoft . Here is a link to that thread: https://www.bogleheads.org/forum/viewtopic.php?f=1&t=265813 Good luck.
by exigent
Sat Jan 05, 2019 6:53 pm
Forum: Investing - Theory, News & General
Topic: Confessions of a broke financial advisor
Replies: 5
Views: 2141

Re: Confessions of a broke financial advisor

They cut their spending by $30k annually by dining out less? What were they doing, gnawing on gold bars?!?!?
by exigent
Sat Jan 05, 2019 5:44 pm
Forum: Personal Consumer Issues
Topic: United, American Airlines, Delta--about the same?
Replies: 144
Views: 7903

Re: United, American Airlines, Delta--about the same?

I fly almost exclusively on Delta and have been happy with them overall. This decision is based on proximity to a Delta hub, and thus a good selection of direct flights most places In likely to go. I also fluctuate between Gold and Platinum on Delta (mostly Gold) and the SkyPriority perks, occasiona...
by exigent
Sat Jan 05, 2019 5:02 pm
Forum: Personal Investments
Topic: comparing SEC yield with CD rates and consolidating to Vanguard fixed income
Replies: 2
Views: 412

Re: comparing SEC yield with CD rates and consolidating to Vanguard fixed income

Relevant, recent discussion: https://www.bogleheads.org/forum/viewtopic.php?t=267688 In my view, they are essentially comparable measures, but you need to consider the term of the CD vs. the duration of the bond fund, the fact tha the CD rate is guaranteed (but also locked in), etc. For a money mark...
by exigent
Fri Jan 04, 2019 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: Build EF or Max Tax-Advantaged Space?
Replies: 12
Views: 703

Re: Build EF or Max Tax-Advantaged Space?

Olemiss540 wrote:
Thu Jan 03, 2019 5:58 pm
Option 2.
Agree. At least do this. You can get that’s Roth space back in the future if you skip contributions now. Keep it conservative if needed, but max it out to claim that space.
by exigent
Fri Jan 04, 2019 2:33 pm
Forum: Personal Investments
Topic: CDs vs I Bonds - Five and Ten Year Horizons
Replies: 12
Views: 1128

Re: CDs vs I Bonds - Five and Ten Year Horizons

On top of the other reasons that have already been offered, I think I-bonds would be a good fit in this case because they would provide ongoing “teachable moments” with periodic rate updates. This gives you a chance to talk with them about things like inflation, the state of the economy, etc. Nothin...
by exigent
Fri Jan 04, 2019 1:40 pm
Forum: Investing - Theory, News & General
Topic: How to compare CD to Bond fund
Replies: 14
Views: 1095

Re: How to compare CD to Bond fund

Can somebody help me understand how to determine which is best, 5yr Penfed CD at 3.4% or VG intermediate bond fund (VBILX)? I currently have a CD at 3% that is about to mature. Thank you for any help! What's the penalty to redeem the CD early? With a CD, you're locked in at a set interest rate but ...
by exigent
Fri Jan 04, 2019 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: Income increase and Roth IRA eligibility?
Replies: 19
Views: 1341

Re: Income increase and Roth IRA eligibility?

Gosh, I was not aware of this. I'll have my wife check with her plan administrator but sounds like it's probably a general purpose FSA which makes me ineligible. That's a bummer but lesson learned. I will talk to my HSA administrator and see what they say as well. Thank you! Can you skip the FSA on...
by exigent
Fri Jan 04, 2019 11:14 am
Forum: Personal Consumer Issues
Topic: USPS price increase on 1/27/19
Replies: 74
Views: 6697

Re: USPS price increase on 1/27/19

Thanks for the heads up. If I remember I will pick up a new book of forever stamps when running errands (not sure how many I have left in the last book). One book will last me the next 5 years as its rare anything needs to be mailed these days. $1 saved is $1 earned :) At the risk of being pedantic...
by exigent
Fri Jan 04, 2019 8:23 am
Forum: Personal Finance (Not Investing)
Topic: Income increase and Roth IRA eligibility?
Replies: 19
Views: 1341

Re: Income increase and Roth IRA eligibility?

Assuming you have no traditional IRA balances now, why not just avoid the suspense and do backdoor Roth IRAs for both of you? Seems like anything else is a waste of your time and energy. I agree. Assuming no deductible tIRA balances, this is probably the cleanest solution. The only downside is that...
by exigent
Fri Jan 04, 2019 7:54 am
Forum: Personal Investments
Topic: Consolidate to Fidelity?
Replies: 50
Views: 2975

Re: Consolidate to Fidelity?

It’s tempting to have everything in one place, and there are some advantages to being at Fidelity, ... What advantages do you see at Fidelity? I'm currently at Fidelity and I'm happy, but I've never used Schwab or Vanguard so I cannot compare. For one thing, my understanding is that cost basis trac...
by exigent
Fri Jan 04, 2019 7:44 am
Forum: Personal Investments
Topic: Vanguard Deposit Slips Incorrectly Fitting into Their Postage Paid Envelopes
Replies: 17
Views: 1316

Re: Vanguard Deposit Slips Incorrectly Fitting into Their Postage Paid Envelopes

I agree with OP that this is annoying. I don’t use physical deposit slips, but if they offer them, then they should work. If the workaround is to use another avenue for deposit, then they shouldn’t offer deposit slips at all.
by exigent
Fri Jan 04, 2019 7:41 am
Forum: Personal Investments
Topic: Consolidate to Fidelity?
Replies: 50
Views: 2975

Re: Consolidate to Fidelity?

The challenge with chasing your employer’s preferred provider is that they can change their mind and switch providers, or you could change employers. My work stuff is at Fidelity, whereas our personal holdings are at Vanguard. At my previous job, my work retirement was at Vanguard. It’s tempting to ...
by exigent
Thu Jan 03, 2019 9:44 pm
Forum: Personal Finance (Not Investing)
Topic: QBI calculation: "Patron reduction"
Replies: 2
Views: 217

Re: QBI calculation: "Patron reduction"

Dang, I thought it was a tax break for tequila drinkers. Honestly, if you're buying Patron, you need a tax break...
by exigent
Thu Jan 03, 2019 7:59 am
Forum: Personal Investments
Topic: Lending Club
Replies: 18
Views: 1414

Re: Lending Club

We’ve invested with them in the past. The returns were okay, but it’s more trouble than it’s worth (imho). I’ve been drawing down our account as payments come in and am looking forward to having a zero balance and being able to stop keeping track of it.
by exigent
Wed Jan 02, 2019 7:11 pm
Forum: Personal Consumer Issues
Topic: Uber/Lyft where do you sit?
Replies: 42
Views: 4026

Re: Uber/Lyft where do you sit?

I ride in the back, usually on the passenger side, just like when I’m in a police car.