Search found 330 matches

by kmurp
Fri Nov 08, 2019 5:10 am
Forum: Personal Finance (Not Investing)
Topic: Chase Sapphire Reserve - Fees Waived?
Replies: 54
Views: 4906

Re: Chase Sapphire Reserve - Fees Waived?

We put my wife’s CSR on my iPhone for Apple Pay use instead of paying for a second card. The trouble is Apple Pay is often not an option for payment so I do carry one physical credit card (Southwest visa).
by kmurp
Fri Aug 23, 2019 5:33 am
Forum: Personal Finance (Not Investing)
Topic: Can Employer Legally charge 401k Plan fees without Disclosing them?
Replies: 11
Views: 961

Re: Can Employer Legally charge 401k Plan fees without Disclosing them?

An annual fee disclosure is required. Perhaps that’s how you found out? Agree with the above post that 0.1% is not excessive by itself. If the 401k has all high fee funds that rebate 12b1 fees to the company for overhead, that would maybe be a different matter.
by kmurp
Mon Aug 19, 2019 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: Biz Owners: Your Health Insurance Contributions?
Replies: 8
Views: 419

Re: Biz Owners: Your Health Insurance Contributions?

We are, if I recall correctly, funding up to around 18,000 per year for a family plan that’s high deductible. That covers the premiums and most of the HSA this year. Next year could be different depending on premium increases.
by kmurp
Sat Aug 10, 2019 7:52 pm
Forum: Investing - Theory, News & General
Topic: Help me design a 401k fund menu
Replies: 36
Views: 2235

Re: Help me design a 401k fund menu

If I were doing it: Target date funds Total stock market Total international Total bond market End of list Reasoning: behavioral economics research on folks making poor decisions in the face of too much choice. That upsets some as paternalistic...oh well. A founding father of behavioral economics i...
by kmurp
Sat Aug 10, 2019 7:25 pm
Forum: Investing - Theory, News & General
Topic: Help me design a 401k fund menu
Replies: 36
Views: 2235

Re: Help me design a 401k fund menu

So to update, the following is what we went with: QDIA: Schwab target index funds Target risk : vanguard life strategy moderate Domestic equity: Schwab total stock, Fidelity midcap and Schwab smallcap index International : vanguard total international and FTSE All world small cap Bonds: federal mon...
by kmurp
Tue Aug 06, 2019 12:05 pm
Forum: Personal Investments
Topic: 401K question
Replies: 4
Views: 331

Re: 401K question

Something is not right in your description. The 401k should be governed by ERISA federal law which requires broader choices than you describe.
by kmurp
Tue Aug 06, 2019 5:31 am
Forum: Investing - Theory, News & General
Topic: Supreme Court rules in favor of 401k participants who object to high fees
Replies: 35
Views: 8166

Re: Supreme Court rules in favor of 401k participants who object to high fees

kmurp, a couple months ago, you wrote on this forum in another thread: We have a small company with an ERISA retirement plan. We allow anyone to go outside the plan via a "brokerage window" but also offer an internal group of mutual funds. Most of the funds are active and the plan gets some of thes...
by kmurp
Sun Aug 04, 2019 9:21 am
Forum: Personal Consumer Issues
Topic: Are all models of Toyota generally considered reliable?
Replies: 52
Views: 5284

Re: Are all models of Toyota generally considered reliable?

Another anecdote : only owned one, a 2006 RAV4. It burns oil like crazy; maybe half a quart every 1000 miles. Known issue with that four cylinder engine.
by kmurp
Sat Aug 03, 2019 10:12 am
Forum: Investing - Theory, News & General
Topic: Help me design a 401k fund menu
Replies: 36
Views: 2235

Re: Help me design a 401k fund menu

So to update, the following is what we went with: QDIA: Schwab target index funds Target risk : vanguard life strategy moderate Domestic equity: Schwab total stock, Fidelity midcap and Schwab smallcap index International : vanguard total international and FTSE All world small cap Bonds: federal mone...
by kmurp
Sun Jul 21, 2019 6:11 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4136
Views: 790600

Re: What's Your Credit Card Rewards Strategy?

Question for Chase Sapphire Reserve cardholders : my wife has this card and we would like to use it as much as possible at this point. An additional card for me would be $75, I think. Could I avoid the need to get the additional card by just “loading” her card onto my iPhone wallet? I’ve not used Ap...
by kmurp
Sat Jul 20, 2019 11:51 am
Forum: Personal Investments
Topic: Portfolio Issues Approaching Retirement
Replies: 40
Views: 2564

Re: Portfolio Issues Approaching Retirement

Bill Bernstein — who is widely respected on this forum — has proposed putting 25 years of net expenses in cash/TIPS/short-term bonds and the rest of the portfolio in stocks. Net expenses being expenses after pensions/Social Security benefits. Would that work for you? I guess I don’t understand how ...
by kmurp
Thu Jul 11, 2019 5:50 am
Forum: Personal Investments
Topic: Best fine grained retirement calculator
Replies: 15
Views: 3109

Re: Best fine grained retirement calculator

Been playing with Fidelity eMoney (Need to request access to get it added to your Fidelity profile) It is pretty handy with different income streams / time periods / and scenarios (investment properties / inheritance / ). BUT It does not change your filing status to Filing single when the first spo...
by kmurp
Mon Jul 01, 2019 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: Would we regret buying a 2nd home?
Replies: 90
Views: 8981

Re: Would we regret buying a 2nd home?

Bought a lake home twenty years ago. No idea what it’s worth now compared to what we have in it. Our adult children will all be here this week. Can’t put a price on that.
by kmurp
Sun Jun 30, 2019 7:20 pm
Forum: Personal Consumer Issues
Topic: anyone in the market for a lawn tractor?
Replies: 31
Views: 2143

Re: anyone in the market for a lawn tractor?

I don’t know what the average lifespan is theses days but our John Deere is 19 years old.
by kmurp
Wed Jun 26, 2019 1:37 pm
Forum: Investing - Theory, News & General
Topic: Why do 401k's limit investment options?
Replies: 30
Views: 2333

Re: Why do 401k's limit investment options?

Our TPA limits the total number of funds we can offer to, I think, 20. Target date fund menu counts as one. There is a large universe of funds to choose from to get down to this twenty. This is more than enough, especially if there’s a brokerage window. It has nothing to do with a big brother mental...
by kmurp
Tue Jun 25, 2019 6:17 pm
Forum: Personal Finance (Not Investing)
Topic: Lease vs Buying a Car
Replies: 84
Views: 6340

Re: Lease vs Buying a Car

Leases are convenient, especially if you want something new every 2-3 years. And there's always something on sale. I just got a broker's offer for a well-equipped truck, 4x4, crew cab, for ~$300/month, $0 due at signing...not bad for a ~$40,000 truck. If that price holds for July I'll probably pick...
by kmurp
Tue Jun 25, 2019 11:05 am
Forum: Personal Finance (Not Investing)
Topic: Schwab retirement calculator
Replies: 5
Views: 1461

Re: retirement calculator list

Here's a list and review of retirement calculators. https://www.thebalance.com/retirement-calculator-reviews-4061796 I would not trust this article. I know the review for Fidelity is full of incorrect facts. The fidelity calculator for clients is far far more robust than the stripped down one descr...
by kmurp
Thu Jun 20, 2019 3:49 pm
Forum: Personal Consumer Issues
Topic: Subaru Ascent vs Toyota Highlander...
Replies: 37
Views: 4356

Re: Subaru Ascent vs Toyota Highlander...

And the Eyesight and adaptive cruise is amazing. Almost all cars have adaptive cruise control nowadays, so it is not something special about Subarus anymore. Eyesight is visible light, but others use radar. Lane assist, blind spot monitoring, cross traffic warning are available in almost all late m...
by kmurp
Tue Jun 18, 2019 8:24 pm
Forum: Personal Finance (Not Investing)
Topic: Schwab retirement calculator
Replies: 5
Views: 1461

Schwab retirement calculator

Does anyone know if Schwab offers a full featured retirement calculator like the one that Fidelity offers its customers? I’m currently at Fidelity and have put a fair amount of time into their rather excellent calculator. We likely will be moving to Schwab so I’m wondering if they have one that’s as...
by kmurp
Fri Jun 14, 2019 5:28 am
Forum: Investing - Theory, News & General
Topic: How have your homes as investments done?
Replies: 212
Views: 23350

Re: How have your homes as investments done?

Bought at $184,000 in 1989. Worth around $325,000 now. So that’s less than the CPI and ignores the 200,000 we have put into it over the years. :(
by kmurp
Thu Jun 13, 2019 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: Got a refund today they only would put in back on the visa card. Later I found out that card has been closed nine months
Replies: 22
Views: 2539

Re: Got a refund today they only would put in back on the visa card. Later I found out that card has been closed nine mo

Going through this as we speak. Getting a refund for a cancelled hotel reservation deposit. The deposit was on a southwest VISA that I cancelled shortly after. I called VISA and was told that I never had a card with them after 2016! It appears to them that I may have been “purged” from their system....
by kmurp
Thu Jun 13, 2019 6:03 am
Forum: Personal Consumer Issues
Topic: My 2017 CRV is a victim of the dreaded oil gas-dilution issue
Replies: 1159
Views: 174563

Re: My 2017 CRV is a victim of the dreaded oil gas-dilution issue

We may be in the market for a small SUV in the next 12 months. I’m hoping that this gets fixed because it seems to me that the Honda excels in cargo capacity which is really handy. I’m not sure any of the alternatives compare well on this item vs the crv.
by kmurp
Wed Jun 05, 2019 2:20 pm
Forum: Personal Investments
Topic: Bond Ladder Managed Account
Replies: 41
Views: 2795

Re: Bond Ladder Managed Account

Why not just keep the bonds? What about the ladder is inconsistent with your investment objectives? Maybe that would be the best. As the shorter duration bonds run off, would it mess up my duration if I reinvested the proceeds into TBM? Without looking at the bond ladder in more detail it would be ...
by kmurp
Wed Jun 05, 2019 6:30 am
Forum: Personal Investments
Topic: Bond Ladder Managed Account
Replies: 41
Views: 2795

Re: Bond Ladder Managed Account

I’m bumping for a specific question. I currently own a managed bond ladder in tax deferred thru an advisor. It’s an intermediate term ladder overall, but some bonds go out twenty years. I’m pretty sure I will be parting ways with the advisor when our company moves to Schwab. The question is what to...
by kmurp
Wed Jun 05, 2019 5:29 am
Forum: Personal Investments
Topic: Bond Ladder Managed Account
Replies: 41
Views: 2795

Re: Bond Ladder Managed Account

I’m bumping for a specific question. I currently own a managed bond ladder in tax deferred thru an advisor. It’s an intermediate term ladder overall, but some bonds go out twenty years. I’m pretty sure I will be parting ways with the advisor when our company moves to Schwab. The question is what to ...
by kmurp
Sun Jun 02, 2019 6:21 pm
Forum: Personal Investments
Topic: Large portfolio inheritance
Replies: 30
Views: 4395

Re: Large portfolio inheritance

I think Schwab has an advisory service.
by kmurp
Wed May 22, 2019 10:38 am
Forum: Personal Finance (Not Investing)
Topic: Do you think we can stop funding our 529 plan?
Replies: 41
Views: 3118

Re: Do you think we can stop funding our 529 plan?

Try this calculator: https://www.dinkytown.net/java/future-v ... lator.html
Plug in your stating balance, an expected return MINUS the expected rate of college inflation and an end date. When I did this, it doesn’t look like you have enough.
by kmurp
Tue May 21, 2019 9:10 am
Forum: Investing - Theory, News & General
Topic: Help me design a 401k fund menu
Replies: 36
Views: 2235

Re: Help me design a 401k fund menu

We got three TPA proposals and are working on an advisor proposal. As you said, any change will upset some people. I’m pretty confident we will end up with lower fees to both the company and participants as well as a good fund menu with at least some broad index funds if not all index and if some ac...
by kmurp
Tue May 21, 2019 6:29 am
Forum: Investing - Theory, News & General
Topic: Help me design a 401k fund menu
Replies: 36
Views: 2235

Re: Help me design a 401k fund menu

Why is the company making a move to potentially go without an advisor? Is it a cost savings reason? And if so, does that cost savings balance out against the increased risks that the company (and it sounds like you, in particular) could be taking by not having an advisor? And is that added risk som...
by kmurp
Mon May 20, 2019 5:28 am
Forum: Investing - Theory, News & General
Topic: Help me design a 401k fund menu
Replies: 36
Views: 2235

Re: Help me design a 401k fund menu

Thanks. I don’t yet know how many funds we will be allowed but hope that target date funds are counted as one fund like they are with our current provider. I’m inclined to not offer as many funds as portfoilo7 suggested as it could get overwhelming to participants. That said, the new provider does o...
by kmurp
Sat May 18, 2019 7:55 am
Forum: Investing - Theory, News & General
Topic: Help me design a 401k fund menu
Replies: 36
Views: 2235

Re: Help me design a 401k fund menu

Thank you all very much for your help.
by kmurp
Fri May 17, 2019 2:06 pm
Forum: Investing - Theory, News & General
Topic: Help me design a 401k fund menu
Replies: 36
Views: 2235

Re: Help me design a 401k fund menu

I’m required to offer broad diversified choices for the plan as a fiduciary. Index funds fit that bill and avoid me having to assume the responsibility of dealing with manager risk, management changes at the active funds as well as style drift and any possible changes it the funds mandate.
by kmurp
Fri May 17, 2019 12:10 pm
Forum: Investing - Theory, News & General
Topic: Help me design a 401k fund menu
Replies: 36
Views: 2235

Re: Help me design a 401k fund menu

It’s not that I don’t like active funds. It’s that, as an ERISA fiduciary, I would be required to monitor these funds against their peers on a regular basis and make changes in the fund lineup if necessary. I’m trying to avoid that and the legal liability associated with that. Buying yesterday's wi...
by kmurp
Fri May 17, 2019 10:53 am
Forum: Investing - Theory, News & General
Topic: Help me design a 401k fund menu
Replies: 36
Views: 2235

Re: Help me design a 401k fund menu

It’s not that I don’t like active funds. It’s that, as an ERISA fiduciary, I would be required to monitor these funds against their peers on a regular basis and make changes in the fund lineup if necessary. I’m trying to avoid that and the legal liability associated with that.
by kmurp
Fri May 17, 2019 8:51 am
Forum: Investing - Theory, News & General
Topic: Help me design a 401k fund menu
Replies: 36
Views: 2235

Re: Help me design a 401k fund menu

I’ll do that. Which vanguard bond fund is equivalent to the TSP plan?
by kmurp
Fri May 17, 2019 4:32 am
Forum: Investing - Theory, News & General
Topic: Help me design a 401k fund menu
Replies: 36
Views: 2235

Help me design a 401k fund menu

I’m trustee of our companies retirement plan. We are discussing a change to a plan that would leave us without an investment advisor. To satisfy ERISA requirements , I need to offer a broad range of investment choices. We are thinking all vanguard index funds would work. Eliminating active managed f...
by kmurp
Mon May 06, 2019 10:21 am
Forum: Personal Consumer Issues
Topic: Anybody try the Blue Apron or the like?
Replies: 77
Views: 6259

Re: Anybody try the Blue Apron or the like?

Hello Fresh for a few months now. It’s just wife and I at home now. We buy less groceries but more importantly , for us, we are throwing away much less. These meals are just about right for two of us so we have little food waste.
by kmurp
Thu Mar 28, 2019 6:10 am
Forum: Investing - Theory, News & General
Topic: 17 out of 18 American Funds have beaten the index
Replies: 63
Views: 5155

Re: 17 out of 18 American Funds have beaten the index

A shares are available without a load in many retirement plans.
by kmurp
Fri Feb 22, 2019 4:58 pm
Forum: Personal Consumer Issues
Topic: Best PAID music streaming service?
Replies: 69
Views: 4772

Re: Best PAID music streaming service?

Not a fan of Spotify. One of the best ways I've found new music is through artist/album radio stations. Google Play's algorithm is way better than Spotify's, and will play indefinitely. Spotify's seems to have a short list of songs (~20 or so?), and frequently will have the same song from the same ...
by kmurp
Fri Feb 22, 2019 5:30 am
Forum: Personal Consumer Issues
Topic: Best PAID music streaming service?
Replies: 69
Views: 4772

Re: Best PAID music streaming service?

One other thing to consider is your audio equipment. Mine has Spotify Connect built into it. That allows WiFi streaming from my iPad to the speakers at, I believe, a higher quality than Bluetooth. I have Spotify but often wish for a service with actual live DJs like the wonderful FM stations of my y...
by kmurp
Tue Feb 19, 2019 5:41 pm
Forum: Personal Finance (Not Investing)
Topic: 1099b Question
Replies: 4
Views: 239

Re: 1099b Question

neilpilot wrote:
Tue Feb 19, 2019 5:04 pm
Of course I can’t be certain, but I’m guessing your basis is $0 and the entire amount is taxable income. They were paid the interest, so you won’t receive a 1099-int
I think that you are most likely correct. The safe thing for me to do is report it all as a gain.
by kmurp
Tue Feb 19, 2019 5:01 pm
Forum: Personal Finance (Not Investing)
Topic: 1099b Question
Replies: 4
Views: 239

Re: 1099b Question

I did email them but I received a reply that it represented “interest” received from an escrow account kept open until all the transaction cleared. Doesn’t make sense as I didn’t get a 1099int from them.
by kmurp
Tue Feb 19, 2019 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: 1099b Question
Replies: 4
Views: 239

1099b Question

I’m in receipt of a 1099b from a buyout of an entire company of which I was a small shareholder. The bulk of the transaction was 2017. In 2018, there was a small residual distribution. There is no cost basis on the 1099 but the box is checked that that it’s being reported to the IRS. I’m not sure wh...
by kmurp
Sun Feb 03, 2019 11:17 am
Forum: Investing - Theory, News & General
Topic: "House Rules," Clements on the finances of homeownership
Replies: 63
Views: 7074

Re: "House Rules," Clements on the finances of homeownership

The above said, I totally agree with This is sensational. Everyone should read it. Fellow upstate New Yorker. I have owned my house for 30 years. It has not kept up with inflation. If one adds in property taxes , maintenance, insurance and very significant improvements/ renovations I’m likely hundr...
by kmurp
Tue Jan 29, 2019 5:33 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard 1099 summary
Replies: 5
Views: 1205

Vanguard 1099 summary

Hi: I’m going to do my taxes for the first time this year with TurboTax. I’m confused about the vanguard 1099. In the summary section at the top (box 1d and 1e), it shows that my proceeds from sales were $9500 more than my cost (a gain). I know this isn’t right because I did tax loss harvesting in D...
by kmurp
Sun Jan 27, 2019 6:32 pm
Forum: Personal Finance (Not Investing)
Topic: What Percentage of Your Pre-Retirement Income are You Projecting You Will Need?
Replies: 108
Views: 7875

Re: What Percentage of Your Pre-Retirement Income are You Projecting You Will Need?

A little less than 50%. But that’s by default because I won’t be able to afford spend any more than that. It may be less, like 40%.
by kmurp
Thu Jan 10, 2019 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: Mint.com
Replies: 11
Views: 2203

Re: Mint.com

I’m using it to track actual expenses as I near retirement. I then use the expenses per category to plug into the excellent Fidelity retirement calculator. It’s brought things into focus and I’m going to continue thru 2019.
by kmurp
Fri Jan 04, 2019 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: What Do You Spend The Most On Annually?
Replies: 158
Views: 9238

Re: What Do You Spend The Most On Annually?

Last year it was taxes. Property tax plus an extra check to state and federal for an unusual capital gain. Second place was financial support to youngest (grown) child. I’m not including federal and state normal withholding in the above.
by kmurp
Thu Jan 03, 2019 12:47 pm
Forum: Personal Investments
Topic: Delaying retirement just to help adult children
Replies: 66
Views: 6488

Re: Delaying retirement just to help adult children

OP: you won’t get an accurate prevalence estimate by asking this question on an Internet forum. That said; I’m working longer in part to help my children (one in particular ). I have permanent life insurance and plan to have the insurance company pay my beneficiaries. It’s not sad to me. But I like ...