Search found 346 matches

by Choy
Mon Apr 02, 2018 4:31 pm
Forum: Investing - Help with Personal Investments
Topic: Did I just screw up my first attempt at tax loss harvesting?
Replies: 12
Views: 807

Re: Did I just screw up my first attempt at tax loss harvesting?

I thought the fund I was purchasing into (the prime money market fund) was not supposed to have any transactions for 30 days as well. That's not the case? Doesn't matter what you do with the fund that you are purchasing into. Only thing that matters is the fund you are tax loss harvesting. Only tim...
by Choy
Mon Apr 02, 2018 4:29 pm
Forum: Investing - Help with Personal Investments
Topic: Did I just screw up my first attempt at tax loss harvesting?
Replies: 12
Views: 807

Re: Did I just screw up my first attempt at tax loss harvesting?

Sounds like you're fine. Wash sale only occurs if you buy more of the same stock that you sold (tax loss harvested). You can buy as much of whatever other stock. Example: Jan 2 Buy Total Stock Market - 100 shares March 20 Sell 50 shares of Total stock market, buy S&P 500 with proceeds March 21 Buy m...
by Choy
Fri Feb 16, 2018 12:26 am
Forum: Investing - Help with Personal Investments
Topic: Torn between Vanguard, Fidelity and Schwab
Replies: 169
Views: 16867

Re: Torn between Vanguard, Fidelity and Schwab

Not sure why this is such a hot debate topic. They’re very explicit about their fees: https://investor.vanguard.com/investing/account-fees

Except for special accounts like SIMPLE-IRA and 401k, their $20 fee is waived for signing up for e-delivery.
by Choy
Wed Feb 07, 2018 12:24 am
Forum: Personal Finance (Not Investing)
Topic: Is this 1099-R for my megabackdoor 401k incorrect?
Replies: 16
Views: 1232

Re: Is this 1099-R for my megabackdoor 401k incorrect?

nerdymarketer wrote:
Wed Feb 07, 2018 12:08 am
what should be the correct amounts for boxes 1, 2a, 5, 10, and 14?
Comparing it to my 1099-R for a 2017 mega backdoor roth (IRA not IRR), it should be:

1 - $37,887
2a - $1,887
5 - $36,000
7 - G
10 - ? (not applicable since I rolled over to an IRA)
13 - CA
14 - $1,887
by Choy
Mon Feb 05, 2018 6:37 pm
Forum: Investing - Help with Personal Investments
Topic: Quick questions about TLH
Replies: 10
Views: 1075

Re: Quick questions about TLH

anon54010 wrote:
Mon Feb 05, 2018 6:08 pm
Even if they are the same, would I still generate a wash sale even though one is taxable and the other is an employer-controlled tax advantaged account (i.e. not a IRA)?

See: viewtopic.php?t=172568
Just as the thread you linked to says — it’s debatable. :P
by Choy
Mon Feb 05, 2018 5:42 pm
Forum: Investing - Help with Personal Investments
Topic: Quick questions about TLH
Replies: 10
Views: 1075

Re: Quick questions about TLH

Would they still be considered "susbtantially identical" even though they are different funds from different companies? They are not just substantially identical, they are exactly the same except for the ER. They are the same fund from the same company, just held in two different places. If I try t...
by Choy
Mon Feb 05, 2018 4:09 pm
Forum: Investing - Theory, News & General
Topic: Vanguard site is crashed now?
Replies: 188
Views: 15669

Re: Vanguard site is crashed now?

C’mon guys. It’s not a bug. It’s a feature. They call it “stay the course protection” for days like this :wink:
by Choy
Tue Jan 30, 2018 12:06 am
Forum: Investing - Theory, News & General
Topic: Switching from Biweekly 401K match to Annual match
Replies: 6
Views: 924

Re: Switching from Biweekly 401K match to Annual match

You can offset that by front-loading your own 401K contributions now (assuming you can afford to do so) since you don't have to contribute bi-weekly throughout the year to get the match. Hard to say if the impact of this is negative or not. What if the market tanks this year? Wouldn't you be glad to...
by Choy
Tue Jan 30, 2018 12:00 am
Forum: Investing - Help with Personal Investments
Topic: Out of state 529 but still get in-state tax deduction?
Replies: 9
Views: 775

Re: Out of state 529 but still get in-state tax deduction?

You would have to check with CT 529. Every state is different. I know in NY, they make you pay back the savings you got from the tax deduction if you rollover to another state.
by Choy
Mon Jan 29, 2018 11:36 pm
Forum: Personal Finance (Not Investing)
Topic: Feeling Locked into a Job
Replies: 26
Views: 3141

Re: Feeling Locked into a Job

The price of 5 years when I am 51 would be something like $400k or so... also depends on salary increases. Got it. Then if it were me, I would not purchase it. 16 years is a long time at a place you hate. Who knows what opportunities could present themselves elsewhere. Worst comes to worst, you jus...
by Choy
Mon Jan 29, 2018 10:28 pm
Forum: Personal Finance (Not Investing)
Topic: Feeling Locked into a Job
Replies: 26
Views: 3141

Re: Feeling Locked into a Job

Do you have to buy the 5 years now? Can't you wait until you are 51 to pull the trigger?
by Choy
Sun Jan 28, 2018 5:10 pm
Forum: Investing - Help with Personal Investments
Topic: Account transfer question
Replies: 6
Views: 532

Re: Account transfer question

Vanguard would charge you to sell non-Vanguard funds and their fee is higher than Schwab. I would just instruct them to sell everything and transfer cash rather than transfer the securities in-kind. If you're holding Schwab funds or one of their no-fee funds, you might not even be charged for sellin...
by Choy
Wed Jan 24, 2018 11:46 pm
Forum: Investing - Help with Personal Investments
Topic: Newbie question
Replies: 14
Views: 1074

Re: Newbie question

Target date funds are a great start for most investors. :sharebeer You could optimize taxes by not holding the target date fund in a taxable account, but I think it's minor. Here's a list of popular portfolios should you wish to read more and eventually take a little more control of investments: htt...
by Choy
Wed Jan 24, 2018 11:38 pm
Forum: Investing - Help with Personal Investments
Topic: Should I not have all investments in one place (Vanguard)?
Replies: 5
Views: 777

Re: Should I not have all investments in one place (Vanguard)?

I would not worry about keeping all my investments at Vanguard.
by Choy
Wed Jan 24, 2018 10:18 pm
Forum: Investing - Help with Personal Investments
Topic: Help me Combine Schwab and Vanguard for Small and Value tilted Slice and Dice portfolio
Replies: 12
Views: 848

Re: Help me Combine Schwab and Vanguard for Small and Value tilted Slice and Dice portfolio

mickens16 wrote:
Wed Jan 24, 2018 9:49 pm
You can also use FNDA at Schwab.
My understanding is that FNDA is small-cap core, not value. If just looking for small-cap without value I would do SCHA.
by Choy
Wed Jan 24, 2018 9:05 pm
Forum: Investing - Help with Personal Investments
Topic: Help me Combine Schwab and Vanguard for Small and Value tilted Slice and Dice portfolio
Replies: 12
Views: 848

Re: Help me Combine Schwab and Vanguard for Small and Value tilted Slice and Dice portfolio

Why do you think SCV tilt will give batter return. base on history? Due the globalization, I think global mega company will outperform or at least match small cap. Recent history shows this. The OP isn't asking for an opinion on asset allocation. Plenty of on topic threads about the pros/cons of SC...
by Choy
Wed Jan 24, 2018 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: Sole Proprietorship To Avoid Pro-Rata
Replies: 5
Views: 426

Re: Sole Proprietorship To Avoid Pro-Rata

Just in case you're overlooking the obvious -- do you have a normal 401K through work that accepts incoming rollovers?
by Choy
Tue Jan 16, 2018 9:46 pm
Forum: Investing - Help with Personal Investments
Topic: Mega Backdoor Roth Questions
Replies: 6
Views: 986

Re: Mega Backdoor Roth Questions

My understanding is that I'm rolling over the post tax funds into a Roth IRA while paying the (minimal) taxes on the gains. Is that correct? Correct. You will pay tax on the gains. Ideally your plan has a separate sub-account just for the post-tax funds or really good record keeping to isolate the ...
by Choy
Wed Jul 12, 2017 12:01 am
Forum: Investing - Help with Personal Investments
Topic: Can a US Citizen moving to Malaysia keep his brokerage accounts
Replies: 9
Views: 1579

Re: Can a US Citizen moving to Malaysia keep his brokerage accounts

mk_obelix wrote:Few year ago one of my friend was not able to use/login TDAmeritrade online brokerage account from Asia. I think they were blocking based on the geo location. Check with them if you will be able to login outside of US.
Just use a VPN to get around that.
by Choy
Mon Jul 10, 2017 10:19 pm
Forum: Investing - Help with Personal Investments
Topic: TD Ameritrade vs Vanguard for Vanguard ETFs?
Replies: 43
Views: 5209

Re: TD Ameritrade vs Vanguard for Vanguard ETFs?

I'd note however that VBR to VB doesn't help you if it has been value that has been crushed. At Vanguard you could use VIOV. VBR to VIOV would run afoul of the wash rule since they are both small-cap value. In any case, TD has IJS commission free. IJS and VIOV track the same index, but IJS has $4.5...
by Choy
Mon Jul 10, 2017 7:49 pm
Forum: Investing - Help with Personal Investments
Topic: TD Ameritrade vs Vanguard for Vanguard ETFs?
Replies: 43
Views: 5209

Re: TD Ameritrade vs Vanguard for Vanguard ETFs?

I mean they're not commission-free on one of the three (3) major funds in the three-fund portfolio so that's a pretty big con to me. Using only VWO as your international allocation isn't the worst mistake but you are underdiversified. And what if you need to tax loss harvest? The third major fund, ...
by Choy
Sat Jul 08, 2017 9:05 pm
Forum: Investing - Help with Personal Investments
Topic: TD Ameritrade vs Vanguard for Vanguard ETFs?
Replies: 43
Views: 5209

Re: TD Ameritrade vs Vanguard for Vanguard ETFs?

What rules are you referring to? 1. You must opt into the ETF program (you can do this anytime on their website after signing up) 2. You need to hold securities for at least 30 days or they will charge you a short-term trade fee (not a problem if you're a long-term investor) I have accounts at both...
by Choy
Wed Apr 19, 2017 10:55 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe says "Goodbye."
Replies: 336
Views: 47794

Re: Larry Swedroe says "Goodby."

Very sad to hear this. Thank you for all your contributions. I enjoyed reading all your public posts and learning from them.
by Choy
Mon Apr 03, 2017 10:24 pm
Forum: Investing - Theory, News & General
Topic: Social Security for Millennials
Replies: 159
Views: 21061

Re: Social Security for Millennials

Honestly, I'm not even thinking about it. I'm not planning to rely on social security nor am I calculating how much I need to save. Retirement is so far in the future all I can do now is live below my means and save as much as I can. As I get closer to retirement (say within 20 years) I can more eff...
by Choy
Wed Mar 15, 2017 8:34 am
Forum: Personal Consumer Issues
Topic: What to do with all these passwords ?
Replies: 125
Views: 15161

Re: What to do with all these passwords ?

So with 1password: if the passwords are not stored in the cloud, how do you access them from your iPhone /iPad ? Also, does it work with stand alone apps or just browsers? I'm using apple keychain at the moment. Most people probably sync using the cloud (iCloud, Dropbox). You also have the option o...
by Choy
Mon Mar 13, 2017 9:11 am
Forum: Investing - Help with Personal Investments
Topic: Roth IRA Prior-Year Contributions
Replies: 5
Views: 465

Re: Roth IRA Prior-Year Contributions

Perfectly fine to contribute in Q1 for the previous year. I typically don't invest until Q1 of following year because my MAGI is around the income limit, so depending on the year I won't really know how much I'm allowed to invest until the end.
by Choy
Mon Mar 13, 2017 8:48 am
Forum: Personal Consumer Issues
Topic: Vanguard Yubikey-only option?
Replies: 42
Views: 5737

Re: Vanguard Yubikey-only option?

Got ya, I use Google voice for my contact, no cell service where I live. Now I see the point that everyone is making. How much risk do you think I am taking with the system I use. You're at no more or less additional risk than if you had no Yubikey. At the end of the day, some 2FA is better than no...
by Choy
Sun Mar 12, 2017 6:46 pm
Forum: Personal Consumer Issues
Topic: Vanguard Yubikey-only option?
Replies: 42
Views: 5737

Re: Vanguard Yubikey-only option?

I seem to be missing something, I have SMS 2 factor on my Vanguard accounts. I also use a U3F key on my account except for the time I registered my key I have never received a SMS just insert the key touch it and I am on. I also use the same key for Google which I hope secures my acct and gmail. y ...
by Choy
Sun Mar 12, 2017 1:33 pm
Forum: Investing - Help with Personal Investments
Topic: Ally Bank Replacement
Replies: 65
Views: 7183

Re: Ally Bank Replacement

whodidntante wrote:I buy a money market fund which currently pays 0.69%. Fidelity liquidates that on a daily basis to cover my spendthrift ways.
SPRXX has a yield of .69 and ER of .42. How does the ER factor in if the fund always maintains $1 per share? Does the yield of .69 already take the ER into account?
by Choy
Sun Mar 12, 2017 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: Are you concerned that your bankers do not use 2 factor authenication?
Replies: 6
Views: 954

Re: Are you concerned that your bankers do not use 2 factor authenication?

If they can only access their network internally then they don't really need 2FA.
by Choy
Sat Mar 11, 2017 11:39 pm
Forum: Personal Consumer Issues
Topic: Vanguard Yubikey-only option?
Replies: 42
Views: 5737

Re: Vanguard Yubikey-only option?

It boggles my mind how people answer those "security questions" truthfully. :shock: :D So generate a complex password and use it in lieu of your wife's maiden name. Sites are set up in such a way that they encourage people to answer truthfully without knowing the security issues they cause. Yes, it...
by Choy
Sat Mar 11, 2017 2:37 pm
Forum: Personal Consumer Issues
Topic: What to do with all these passwords ?
Replies: 125
Views: 15161

Re: What to do with all these passwords ?

3. What other services accept YubiKey as the 2nd factor? I found: Google, Dropbox, Facebook, LastPass, Dashlane, and WordPress. I am curious if Vanguard, Fidelity, and various banks and credit unions do or will support YubiKey. I can only answer this question. From what I've seen, most financial in...
by Choy
Sat Mar 11, 2017 12:00 pm
Forum: Investing - Help with Personal Investments
Topic: Ally Bank Replacement
Replies: 65
Views: 7183

Re: Ally Bank Replacement

jkrm wrote:I have never experienced Vanguard's, or Fidelity's, or one of my credit card's sites being down.
Ah you clearly missed the whole Vanguard is down during trading hours debacle the other week!

viewtopic.php?t=211331
by Choy
Sat Mar 11, 2017 11:58 am
Forum: Investing - Help with Personal Investments
Topic: Ally Bank Replacement
Replies: 65
Views: 7183

Re: Ally Bank Replacement

If you have a problem with a check or ATM transaction in a Fidelity cash management acct and call Fidelity, they will not handle it but tell you that you have to call a bank connected with cash management. The bank is not nearly as quick to pick up the phone and not nearly as efficient as regular F...
by Choy
Sat Mar 11, 2017 11:49 am
Forum: Personal Finance (Not Investing)
Topic: Must I Keep My Own Records for Dividends and Capital Gains?
Replies: 18
Views: 2952

Re: Must I Keep My Own Records for Dividends and Capital Gains?

Or, will (or can?) Vanguard provide 20+ year records of the capital gains and dividends paid and re-invested when a sale of shares occurs? Most likely Vanguard will only have records for purchases after 2011. These are called "covered" shares and after 2011, all brokerages are required to keep trac...
by Choy
Sat Mar 11, 2017 11:41 am
Forum: Investing - Help with Personal Investments
Topic: Ally Bank Replacement
Replies: 65
Views: 7183

Re: Ally Bank Replacement

If I were you, I'd go with Fidelity. You already have several accounts there and Fidelity billpay/cash management is the best I've ever used: What rate of interest is Fidelity paying you on your cash deposits? Last I checked it was .07% Correct. I'm not advocating using it for stashing all your cas...
by Choy
Sat Mar 11, 2017 10:35 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard taxable experience in 2017
Replies: 6
Views: 1031

Re: Vanguard taxable experience in 2017

I have a Vanguard brokerage account. It's fine for basic trades every now and then. I haven't had issues in the past, but I haven't done any taxable trades in the last two years. It seems most of Vanguard's problems are due to it's recent growth in the past few years. Nonetheless, Vanguard did drop ...
by Choy
Sat Mar 11, 2017 10:27 am
Forum: Investing - Help with Personal Investments
Topic: Ally Bank Replacement
Replies: 65
Views: 7183

Re: Ally Bank Replacement

I use Ally as my primary checking account, paying all of my bills electronically through them, and also depositing checks with their iPhone app. If I were you, I'd go with Fidelity. You already have several accounts there and Fidelity billpay/cash management is the best I've ever used: 1. You sched...
by Choy
Sat Mar 11, 2017 10:18 am
Forum: Investing - Help with Personal Investments
Topic: Ally Bank Replacement
Replies: 65
Views: 7183

Re: Ally Bank Replacement

I use both Ally and CapitalOne360 (formerly ING Direct). Ally has had better rates in the past few years so I use them mainly but still have my CapitalOne360 account from way back. What are you looking for specifically? Place for checking online/banking? Highest savings or CD rates? For general onli...
by Choy
Sat Mar 11, 2017 10:10 am
Forum: Personal Consumer Issues
Topic: Securing my securities -- IT best practices?
Replies: 23
Views: 2514

Re: Securing my securities -- IT best practices?

Concerns: - Do I need a stronger IP solution at home? - Do I need to ditch AT&T/Yahoo email (for Apple; I won't route through Google other than my public persona)? I'm trying to avoid this, had the same family email address for almost twenty years - Can you truly trust the 1Password setup to not mi...
by Choy
Sat Mar 11, 2017 8:41 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard taxable - changes?
Replies: 3
Views: 857

Re: Vanguard taxable - changes?

If I now add a taxable account to hold Vanguard mutual funds, does anyone know if that would force upgrade me to the brokerage interface Each account is separate. If you open a new taxable account now, it will be a brokerage account, however it does not affect your current mutual fund only accounts...
by Choy
Fri Mar 10, 2017 9:37 pm
Forum: Personal Consumer Issues
Topic: What to do with all these passwords ?
Replies: 125
Views: 15161

Re: What to do with all these passwords ?

In this situation 2FA will protect the website accounts but not the password database. Once your password manager is unlocked, the malware does not need a second factor to copy you cleartext database. Correct. All your passwords are compromised. But with 2FA the password alone won't give them acces...
by Choy
Fri Mar 10, 2017 9:23 pm
Forum: Personal Consumer Issues
Topic: What to do with all these passwords ?
Replies: 125
Views: 15161

Re: What to do with all these passwords ?

I wonder if the problem has been fixed. And the same question is about LastPass and 1Password: are they vulnerable during short periods when you are retrieving or changing individual passwords? I don't think this is a problem you can "fix" nor do I necessarily consider the password manager "hacked"...
by Choy
Fri Mar 10, 2017 9:11 pm
Forum: Personal Finance (Not Investing)
Topic: WellsTrade: no free vanguard funds?
Replies: 6
Views: 723

Re: WellsTrade: no free vanguard funds?

The days of free trades with WellsTrade is long gone. Best place to get free Vanguard trades outside of Vanguard is TD Ameritrade, but you have to use ETFs instead of mutual funds. TD Ameritrade has an extensive list of no-fee Vanguard ETFs to trade. Merrill Edge offers free trades for people with a...
by Choy
Fri Mar 10, 2017 8:50 pm
Forum: Personal Consumer Issues
Topic: What to do with all these passwords ?
Replies: 125
Views: 15161

Re: What to do with all these passwords ?

I do likewise. 1Password's password generator can give you a random set of words. I use these for my security answers. A wee bit easier to convey verbally :wink: +1 I do the same. Except I stick with randomly generated 32 character long strings and then pretend I'm in the Navy when I use the NATO a...
by Choy
Fri Mar 10, 2017 8:43 pm
Forum: Personal Consumer Issues
Topic: Vanguard Yubikey-only option?
Replies: 42
Views: 5737

Re: Vanguard Yubikey-only option?

You're exactly correct. It also boggles my mind how some sites require you to have a complex password, but then encourage you to set "security questions" to reset said complex password. Why bother to crack a complex password when I can just look up your wife's maiden name and what street you grew up...
by Choy
Fri Mar 10, 2017 8:32 pm
Forum: Personal Consumer Issues
Topic: What to do with all these passwords ?
Replies: 125
Views: 15161

Re: What to do with all these passwords ?

1Password is fantastic for Mac and iOS users. It's well worth the premium price. For people that would prefer free (or as close to it as possible), check out Enpass (https://www.enpass.io). It's cross-platform and takes design cues from 1Password so it's got a nice interface. I really dislike the in...
by Choy
Sun Mar 05, 2017 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: Job Offer
Replies: 12
Views: 1896

Re: Job Offer

Not sure what you're asking. Seems like a no brainer to me to take the new job.

Unless you're saying you don't think you should be a salesperson in this field at all anymore?
by Choy
Sun Mar 05, 2017 8:21 pm
Forum: Personal Finance (Not Investing)
Topic: Should the money earmarked for certain expenses be part of net worth?
Replies: 52
Views: 4143

Re: Should the money earmarked for certain expenses be part of net worth?

But, this got me thinking about this kind of large expense that we will face as we send two kids to college from 2018-2026 where the large dips in college saving accounts will make the graph look pretty flat and might mask some other issues. That's exactly how it should look. What issues do you thi...