Search found 264 matches

by SobeCane
Mon Nov 16, 2020 2:55 pm
Forum: Personal Investments
Topic: Inherited "Stretch" Variable Annuity v Liquidate & Invest
Replies: 17
Views: 1223

Re: Inherited "Stretch" Variable Annuity v Liquidate & Invest

I've decided to keep the Variable Annuity for the time being and utilize the stretch provision. After recently taking my first RMD, I noticed a few key differences between a non-qualified distribution from a Variable Annuity and a qualified distribution from an inherited IRA/401(k). 1. The numerator...
by SobeCane
Thu Aug 20, 2020 10:15 am
Forum: Personal Finance (Not Investing)
Topic: BoA Premium Rewards status
Replies: 61
Views: 3763

Re: BoA Premium Rewards status

How do you determine the month they check eligibility? In the OP’s case, it was October but I’ve been platinum honors for 5 years or so and don’t remember which month I initially received it.
by SobeCane
Fri Jun 05, 2020 3:52 pm
Forum: Personal Investments
Topic: Asset allocation across inherited and normal IRAs
Replies: 11
Views: 337

Re: Asset allocation across inherited and normal IRAs

Sorry for your loss. Sound advice above about taking more than the RMD in years of HOH status. Is the plan to distribute the Inherited Roth IRA (all stocks) all in year 10? That's an aggressive allocation for money that has a 10 year draw down. Perhaps make that more conservative and increase the al...
by SobeCane
Fri Jun 05, 2020 9:20 am
Forum: Personal Investments
Topic: New Three Fund Portfolio options for Fidelity Personal Retirement Annuities
Replies: 13
Views: 1909

Re: New Three Fund Portfolio options for Fidelity Personal Retirement Annuities

Recently did a 1035 exchange from Lincoln Financial Group into Fidelity PRA for an inherited non-qualified annuity. The Lincoln Mortality & Expense Fees were 1.4% + 0.1% Admin Fee along with the expensive individual fund selections which I couldn't find expense ratios for but imagine my all in c...
by SobeCane
Mon Dec 09, 2019 1:03 pm
Forum: Personal Investments
Topic: Inherited "Stretch" Variable Annuity v Liquidate & Invest
Replies: 17
Views: 1223

Re: Inherited "Stretch" Variable Annuity v Liquidate & Invest

I may not be entirely sure what you are thinking here, but you probably need to make more assumptions. Just to be clear, there are some factors in your case that may be a bit different. As an example, this would be a different analysis if you were nearing retirement & expected lower tax rates i...
by SobeCane
Fri Dec 06, 2019 5:01 pm
Forum: Personal Investments
Topic: Inherited "Stretch" Variable Annuity v Liquidate & Invest
Replies: 17
Views: 1223

Re: Inherited "Stretch" Variable Annuity v Liquidate & Invest

Often interesting to see the different perspectives from various posters; I'll add another. 1st, I've no direct experience with Fidelity on VAs & wouldn't spend anymore time trying to find a cheaper one. I will say that VAs in general do not have transparency on ALL fees -- perhaps this one doe...
by SobeCane
Fri Dec 06, 2019 9:47 am
Forum: Personal Investments
Topic: Inherited "Stretch" Variable Annuity v Liquidate & Invest
Replies: 17
Views: 1223

Re: Inherited "Stretch" Variable Annuity v Liquidate & Invest

smectym wrote: Fri Dec 06, 2019 1:32 am
In practice, the stretch option would be more compelling were the corpus $3,000,000 rather than $30,000.
@smectym Why would the account balance change the recommendation?
by SobeCane
Thu Dec 05, 2019 9:58 pm
Forum: Personal Investments
Topic: Inherited "Stretch" Variable Annuity v Liquidate & Invest
Replies: 17
Views: 1223

Re: Inherited "Stretch" Variable Annuity v Liquidate & Invest

Note that there is no longer a 25% tax bracket, unless you are including state tax. The old 25% bracket became a 22% bracket, although the loss of deductions could push you into the 24% bracket. Good catch, I’m in the 24% bracket which shouldn’t change the recommendation to keep it. Does anyone kno...
by SobeCane
Thu Dec 05, 2019 4:58 pm
Forum: Personal Investments
Topic: Inherited "Stretch" Variable Annuity v Liquidate & Invest
Replies: 17
Views: 1223

Re: Inherited "Stretch" Variable Annuity v Liquidate & Invest

This just sounds like an annuity in an inherited IRA. If so, you can liquidate the annuity and still maintain the IRA with lower costs (though this one isn't bad as annuity costs go). That's probably what I'd do, but is there a surrender fee? It is not an annuity in an IRA. I wish it was! I need to...
by SobeCane
Thu Dec 05, 2019 4:18 pm
Forum: Personal Investments
Topic: Inherited "Stretch" Variable Annuity v Liquidate & Invest
Replies: 17
Views: 1223

Inherited "Stretch" Variable Annuity v Liquidate & Invest

I am a non-spouse recipient of an inherited non-qualified variable annuity where the majority of the annuity represents gains over the last 30 years so let's consider it 100% taxable. Trying to decide which scenario below is favorable: Facts Age: 33 RMD: 1/50.4 so roughly 2% the first few years Tax ...
by SobeCane
Fri Oct 11, 2019 11:20 am
Forum: Personal Finance (Not Investing)
Topic: Relationship mortgage discounts for moving a million assets
Replies: 809
Views: 126146

Re: Relationship mortgage discounts for moving a million assets

Just to add details for comparison sake of a refi we are in the midst of: 30 yr fixed, 1.2 mill loan @ 3.625%, no points, closing costs about $1000 all in. Also relationship discounts of: $250,000-$499,999 the interest rate is lower by .125% $500,000-$749,999 the interest rate is lower by .250% $75...
by SobeCane
Tue Jun 11, 2019 4:09 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Checking vs Capital One 360 Checking
Replies: 16
Views: 2347

Re: Ally Checking vs Capital One 360 Checking

I missed out on the Ally $1,000 bonus from last fall so just signed up for the Capital One account because it pays a $500 bonus for depositing $50k and pays 2% interest.

https://www.doctorofcredit.com/capital- ... -of-50000/
by SobeCane
Fri Jun 07, 2019 7:04 pm
Forum: Personal Investments
Topic: How is Merrill Edge?
Replies: 64
Views: 8547

Re: How is Merrill Edge?

BashDash wrote: Fri Jun 07, 2019 1:31 pm I like their retention bonuses. Every once in a while I give a call and tell them I'm "leaving" and they pay me a bonus to stay.
How much do you have with them and what type of retention bonuses are you receiving?
by SobeCane
Mon Jun 03, 2019 4:07 am
Forum: Personal Finance (Not Investing)
Topic: Foreign Tax Credit Limitation Explained
Replies: 12
Views: 1470

Re: Foreign Tax Credit Limitation Explained

Care to share the spreadsheet you created? I
by SobeCane
Sat Mar 23, 2019 5:32 pm
Forum: Personal Consumer Issues
Topic: Moving from NYC to Miami
Replies: 18
Views: 2274

Re: Moving from NYC to Miami

I currently live in South of Fifth (Sofi) in Miami Beach. Great neighborhood, great restaraunts, close to the beach but not as chaotic as the flamingo park, Ocean Dr, or West Ave portion of South Beach.


PM me if you have specific questions.
by SobeCane
Fri Oct 05, 2018 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 5137
Views: 971416

Re: What's Your Credit Card Rewards Strategy?

I’ll also put my 2 cents worth on the prior answer (some will say < 2 cents). Yes someone can ask to upgrade back to CSR. Whether they will allow it is another matter. Frequent upgrading / downgrading / card churning (any combination) can result in your account being flagged either for special revi...
by SobeCane
Fri Oct 05, 2018 9:09 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 5137
Views: 971416

Re: What's Your Credit Card Rewards Strategy?

Need help from the Chase UR experts. Currently have about 200k UR points. My Sapphire Preferred Card $95 annual fee is due in January. Not eligible for new UR bonus because I downgraded from Sapphire Reserve which I received 100k when it first released in Fall of 2016. Not interested in any of the b...
by SobeCane
Mon Jul 09, 2018 9:36 am
Forum: Personal Investments
Topic: BofA HSA has brought back Vanguard Funds
Replies: 7
Views: 1280

Re: BofA HSA has brought back Vanguard Funds

The HSA is a separate account from the checking/savings account. The HSA has its own website. As far as the fee waiver, maybe dodecahedron could give you more details. VFANX The HSA fee waiver isn't automatic, unlike most (all) other Platinum Preferred benefits. I had to email someone at the BoA HS...
by SobeCane
Wed Dec 27, 2017 11:38 am
Forum: Personal Finance (Not Investing)
Topic: How to pay ZERO taxes in retirement with 6-figure expenses
Replies: 224
Views: 155359

Re: How to pay ZERO taxes in retirement with 6-figure expenses

How do you have that much earned income and only $228 in fed taxes? This was covered in detail in the earlier thread: Taxes on family with $200,000 income , but I will show again here for completeness: Approximate $ amounts in thousands, rounded $+95 Earned income $+ 5 Non-qualified dividends $-29 ...
by SobeCane
Wed Aug 30, 2017 10:02 am
Forum: Personal Finance (Not Investing)
Topic: High-Deductible Health Plan vs. Peace of Mind
Replies: 42
Views: 6013

Re: High-Deductible Health Plan vs. Peace of Mind

Don't want to de-rail the thread but I have a similar comparison and am also young, single, and in good health. (Mods, If this needs a new, separate post, let me know) HDHP Deductible $2,500 Out of Pocket Max $2,500 Bi-Weekly Premium $20 Employer Contribution to HSA $1,000 Regular Plan Deductible $...
by SobeCane
Wed Aug 30, 2017 9:01 am
Forum: Personal Finance (Not Investing)
Topic: High-Deductible Health Plan vs. Peace of Mind
Replies: 42
Views: 6013

Re: High-Deductible Health Plan vs. Peace of Mind

Don't want to de-rail the thread but I have a similar comparison and am also young, single, and in good health. (Mods, If this needs a new, separate post, let me know) HDHP Deductible $2,500 Out of Pocket Max $2,500 Bi-Weekly Premium $20 Employer Contribution to HSA $1,000 Regular Plan Deductible $0...
by SobeCane
Mon May 22, 2017 10:07 am
Forum: Investing - Theory, News & General
Topic: BofA HSA dropping Vanguard Funds
Replies: 65
Views: 17191

Re: BofA HSA dropping Vanguard Funds

Just wanted to provide a heads up. Bank of America HSA recently did a systems wide upgrade to their website towards the end of April. All of my investments were automatically liquidated to cash. Just logged into the new website to set up the investments again. Not happy. What?! Did this happen to a...
by SobeCane
Wed May 17, 2017 11:04 am
Forum: Investing - Theory, News & General
Topic: BofA HSA dropping Vanguard Funds
Replies: 65
Views: 17191

Re: BofA HSA dropping Vanguard Funds

Don't know if there was a typo, but this post says that ER of BDOKX used to be 1.2%! h https://www.bogleheads.org/forum/viewtopic.php?t=162233 I've been willing to attribute the underpermance to the higher ER. now that it is lower I expect the performance to improve. Perhaps that was the gross expe...
by SobeCane
Wed May 17, 2017 7:57 am
Forum: Investing - Theory, News & General
Topic: BofA HSA dropping Vanguard Funds
Replies: 65
Views: 17191

Re: BofA HSA dropping Vanguard Funds

Available investments and the current ERs include WFSPX, S&P 500 index, ER 0.04% BDOKX, Total international index, ER 0.11% IUTIX, Treasury index, ER 0.2% Expense ratios are not enough to look at. BDOKX, Blackrock's "Total International", has underperformed Vanguard's Total Internatio...
by SobeCane
Tue May 16, 2017 4:51 pm
Forum: Investing - Theory, News & General
Topic: BofA HSA dropping Vanguard Funds
Replies: 65
Views: 17191

Re: BofA HSA dropping Vanguard Funds

Just wanted to provide a heads up. Bank of America HSA recently did a systems wide upgrade to their website towards the end of April. All of my investments were automatically liquidated to cash. Just logged into the new website to set up the investments again. Not happy.
by SobeCane
Wed Apr 19, 2017 4:29 pm
Forum: Investing - Theory, News & General
Topic: How to use Vanguard Portfolio Watch, M* X-ray, Fidelity GPS for rebalancing
Replies: 113
Views: 93394

Re: How to use Vanguard Portfolio Watch for rebalancing

I use the Vanguard Portfolio as well. It is a good tool. However, it refuses to treat the Fidelity Total U.S. stock index properly(counts it as 100% large cap) so I have to go to Portfolio analysis and subsitute the Vanguard Total US Stock Index to get an accurate account for small and mid cap stoc...
by SobeCane
Fri Feb 17, 2017 5:31 pm
Forum: Investing - Theory, News & General
Topic: BofA HSA dropping Vanguard Funds
Replies: 65
Views: 17191

Re: Bank of America HSA: new investment menu

[Thread merged into here, see below. --admin LadyGeek] B of A HSA has offered investor class shares of Vanguard's 500, inflation protected bond, and Total International funds, choices I was pretty happy with. However, they just today announced a new lineup. They are getting rid of the Vanguard choi...
by SobeCane
Thu Jan 19, 2017 11:12 am
Forum: Investing - Theory, News & General
Topic: Vanguard's new "account overview" page... BOO!
Replies: 105
Views: 16258

Re: Vanguard's new "account overview" page... BOO!

that's how I used to do it but there is no edit button available now. http://i65.tinypic.com/2u7rg5w.jpg " Edit holdings " is not really a button. Maybe your browser has a problem or is an outdated version? Livesoft - you are using the old page format. Mine had updated to the new "ex...
by SobeCane
Thu Jan 19, 2017 9:25 am
Forum: Investing - Theory, News & General
Topic: Vanguard's new "account overview" page... BOO!
Replies: 105
Views: 16258

Re: Vanguard's new "account overview" page... BOO!

Can anyone edit their "Outside Holdings" on the new accounts overview page? Sure, I just click on "Outside investments" and I am taken directly to Outside investments on "Balances and holdings" page where all edits are possible. Or I can click on "Go to Balances a...
by SobeCane
Wed Jan 18, 2017 4:07 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's new "account overview" page... BOO!
Replies: 105
Views: 16258

Re: Vanguard's new "account overview" page... BOO!

Can anyone edit their "Outside Holdings" on the new accounts overview page?
by SobeCane
Sun Jan 31, 2016 11:54 am
Forum: Personal Investments
Topic: Deleted
Replies: 23
Views: 4076

Re: switch to Bank of America HSA

I buy one fund at Saturna for $14.95 total cost per year. Hard to beat that. This option would have no cost and you would only pay the expense ratios of the funds. What funds and expense ratios does Saturna provide? You can buy anything on the open market except admiral shares. For Vanguard funds (...
by SobeCane
Sun Jan 31, 2016 10:01 am
Forum: Personal Investments
Topic: Deleted
Replies: 23
Views: 4076

Re: switch to Bank of America HSA

mikep wrote:I buy one fund at Saturna for $14.95 total cost per year. Hard to beat that.
This option would have no cost and you would only pay the expense ratios of the funds. What funds and expense ratios does Saturna provide?
by SobeCane
Sat Jan 30, 2016 10:49 am
Forum: Personal Investments
Topic: Deleted
Replies: 23
Views: 4076

Re: switch to Bank of America HSA

dodecahedron wrote: Interesting! How long ago did you do this? And did this interchange take place before or after you opened a HSA at BOA.
I asked earlier this week before I proceeded with opening an account. Today I opened the account and will be doing a trustee to trustee rollover in.
by SobeCane
Fri Jan 29, 2016 10:54 pm
Forum: Personal Investments
Topic: Deleted
Replies: 23
Views: 4076

Re: switch to Bank of America HSA

I sent a message to the email address on the HSA page and a representative replied that they would waive the monthly fee for Platnium Honors.
by SobeCane
Fri Jan 29, 2016 3:19 pm
Forum: Personal Investments
Topic: Deleted
Replies: 23
Views: 4076

Re: switch to Bank of America HSA

Re-visiting an old thread but I think Bank of America might have a great HSA solution. While I know we all wish Vanguard would get into the HSA business directly for those of us who invest our HSA and don't take distributions or need a debit card, I think BOA's options are superior to HSA Administat...
by SobeCane
Thu Jul 09, 2015 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Windfall Elimination Provision
Replies: 30
Views: 7241

Re: Social Security Windfall Elimination Provision

Update #3. -------------------------------------------------------------------- Unfortunately my mother has passed away at the age of 64 and I would like to revisit this post due to the change in circumstances. Mom died at age 64 and has never applied for SS benefits Dad is age 67 and is currently w...
by SobeCane
Tue Jun 02, 2015 4:27 pm
Forum: Personal Consumer Issues
Topic: Heads up on a great CC promotion (Chase Freedom)
Replies: 51
Views: 21678

Re: Heads up on a great CC promotion (Chase Freedom)

[OT comments removed by admin LadyGeek]
by SobeCane
Fri Mar 13, 2015 10:45 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Windfall Elimination Provision
Replies: 30
Views: 7241

Re: Social Security Windfall Elimination Provision

OP here, adding on to a post that is 4 years old but hoping that sscritic or others can assist. Same facts but now my father is 67 years old, still working for the Federal Government, and has not claimed social security due to the earnings test that sscritic mentioned in post #2. However, I want to ...
by SobeCane
Mon Jan 26, 2015 10:15 am
Forum: Personal Investments
Topic: More tax efficient: Total US or Total International?
Replies: 19
Views: 4997

Re: More tax efficient: Total US or Total International?

tludwig23 wrote:Seems odd to have a poll for factual information.
You are correct. I guess the question should have been; which do you prefer holding in a taxable account?
by SobeCane
Fri Jan 23, 2015 5:05 pm
Forum: Personal Investments
Topic: More tax efficient: Total US or Total International?
Replies: 19
Views: 4997

Re: More tax efficient: Total US or Total International?

Your second point hits it all. TSM has all qualified dividends and thus for higher tax brackets will be taxed at the LT cap gains rate vs ordinary income tax for non qualified - but TISM has the foreign tax credit... TISM also has qualified dividends. Approximately 73% in 2012, 70% in 2013 and 74% ...
by SobeCane
Fri Jan 23, 2015 3:11 pm
Forum: Personal Investments
Topic: More tax efficient: Total US or Total International?
Replies: 19
Views: 4997

More tax efficient: Total US or Total International?

According to the http://www.bogleheads.org/wiki/Principles_of_tax-efficient_fund_placement Total Index funds for both Domestic and International funds are highly recommended for holding in taxable accounts due to their tax efficiency. I was wondering which one was more efficient or if it depends on ...
by SobeCane
Wed Nov 19, 2014 12:58 pm
Forum: Investing - Theory, News & General
Topic: my review of my HSA with Saturna brokerage
Replies: 170
Views: 51827

Re: my review of my HSA with Saturna brokerage

I was given the following list of fund families have entered into agreements with Pershing and Saturna Brokerage Services for zero commission. Does anyone know if any of these fund families offer a Total Stock Market or S&P 500 fund with low expense ratios? Alger Allianz2 American Century Apples...
by SobeCane
Tue Nov 18, 2014 11:12 am
Forum: Personal Finance (Not Investing)
Topic: HSA Bank or Health Savings Administrators?
Replies: 38
Views: 15032

Re: HSA Bank or Health Savings Administrators?

Any updates a year later as to which of these firms is better? How much value is given to the fact that HSA Administrators Fee can be paid with funds outside the HSA?
by SobeCane
Mon Nov 03, 2014 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: Bank of America/Merrill Edge - Preferred Rewards
Replies: 853
Views: 183907

Re: Bank of America/Merrill Edge - Preferred Rewards

I recently took advantage of this promotion and am waiting for the 90 days period to get my $500 bonus for $100k in assets. I have my investment in iShares S&P 1500 Index Fund for automatic dividend reinvestment but was wondering about the fee you discussed above that I had not initially noticed...
by SobeCane
Wed Aug 27, 2014 11:31 am
Forum: Personal Finance (Not Investing)
Topic: strategy to get brokerage bonuses
Replies: 56
Views: 6821

Re: strategy to get brokerage bonuses

How do you get fidelity to re-invest the dividend automatically for an ETF? I thought that was one of the disadvantages to ETFS is that you can't buy fractional shares?

Merrill Edge has a current promo for $500 for 100k in assets or .5%
by SobeCane
Wed Aug 27, 2014 11:03 am
Forum: Personal Finance (Not Investing)
Topic: strategy to get brokerage bonuses
Replies: 56
Views: 6821

Re: strategy to get brokerage bonuses

Tramper Al - I agree with everything above and think it is worth it to play the brokerage bonus game, especially for IRA accounts (no 1099 received). My one issue is that it will only work with ETF's and not Mutual Funds. The ETF's seem to declare dividends every month and there is no automatic re-i...
by SobeCane
Thu Apr 24, 2014 11:59 am
Forum: Personal Investments
Topic: Elfcu HSA $24 Wire Transfer Fee
Replies: 11
Views: 2091

Re: Elfcu HSA $24 Wire Transfer Fee

http://thefinancebuff.com/elfcu-best-hsa-adds-fee.html

Encourage others to voice their displeasure about the new fee and no option for ACH
by SobeCane
Thu Mar 20, 2014 12:41 pm
Forum: Personal Investments
Topic: HSA: spend it or save it?
Replies: 27
Views: 7814

Re: HSA: spend it or save it?

Got excited when I saw that 5% interest rate being mentions for HSA accounts. Then realized this thread is from 2008.
by SobeCane
Sun Mar 02, 2014 2:10 pm
Forum: Personal Investments
Topic: Experiences with Eli Lilly Credit Union for HSA?
Replies: 69
Views: 20541

Re: Experiences with Eli Lilly Credit Union for HSA?

AZB- what type of credit card was it? I have heard that Citi cards code it as a cash advance.
by SobeCane
Sun Mar 02, 2014 10:26 am
Forum: Personal Investments
Topic: Experiences with Eli Lilly Credit Union for HSA?
Replies: 69
Views: 20541

Re: Experiences with Eli Lilly Credit Union for HSA?

azb wrote: So far, I am very happy with this no-fee account. (Heck, they even let me use a credit card to make my initial HSA deposit, which gave me 2% free money.
Can anyone else confirm that they will allow a full years of contribution to be funded by a credit card?