Search found 654 matches

by Eric
Fri Nov 17, 2017 4:55 pm
Forum: Personal Finance (Not Investing)
Topic: Why did Vanguard drop TurboTax?
Replies: 16
Views: 3083

Re: Why did Vanguard drop TurboTax?

Vanguard operates "at cost," so the cost of providing clients discounted access to TurboTax was passed through to shareholders. In effect, Vanguard was redistributing some shareholders' money (those who don't use TurboTax) to other shareholders (those who do use TurboTax). This assumes that Vanguard...
by Eric
Sat Nov 11, 2017 3:45 pm
Forum: Personal Consumer Issues
Topic: What backup service to use?
Replies: 28
Views: 2067

Re: What backup service to use?

tuningfork wrote:
Thu Nov 09, 2017 11:47 am
Crashplan used to be the hands down best, but they dropped their Home version to promote their less functional but more expensive Small Business version.
In what ways is the Small Business version less functional?
by Eric
Sun Nov 05, 2017 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: HSA Investing Fee Comparison Spreadsheet: Who Wants to Check My Work?
Replies: 5
Views: 626

Re: HSA Investing Fee Comparison Spreadsheet: Who Wants to Check My Work?

Most people who open an HSA at Saturna don't use Saturna's in-house mutual funds (which have the higher expense ratios you noted). Instead, they use Saturna's brokerage arm to buy other mutual funds or ETFs. The transaction fee to buy Vanguard or Fidelity funds is $25 per purchase (roughly equivalen...
by Eric
Sat Oct 28, 2017 2:09 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Managed Balanced Fund vs Total Stk Mkt plus Tax Exempt Bond Index
Replies: 28
Views: 2202

Re: Tax Managed Balanced Fund vs Total Stk Mkt plus Tax Exempt Bond Index

Option 2 is better simply because of the tax-loss harvesting opportunities from the separate funds. In a down market, Option 2 is better for that reason. But in an up market, is there a tax case for Option 1? If you bought the stock and bond funds separately, the stock fund would be way up right no...
by Eric
Sat Oct 28, 2017 12:14 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Premium vs institutional vs institutional premium classes
Replies: 6
Views: 2192

Re: Fidelity Premium vs institutional vs institutional premium classes

Reviving this thread because I noticed an interesting quirk for "institutional" (not "institutional premium") shares at Fidelity. If you look at the minimum for "Initial Group Retirement Benefit" under the "Fees & Distributions" tab for Fidelity Total Market Index Fund - Institutional (FSKTX), you'l...
by Eric
Mon Oct 23, 2017 8:41 pm
Forum: Personal Finance (Not Investing)
Topic: Quicken 2018 for Mac [and PC Released]
Replies: 40
Views: 3995

Re: Quicken 2018 for Mac and PC Released

tetractys wrote:
Mon Oct 23, 2017 6:42 pm
1st big disappointment: No specific lot assignment for Mac.
Where did you see that? Quicken's comparison chart shows specific lot assignment as a feature for the Deluxe and Premier Mac versions.
by Eric
Mon Oct 23, 2017 11:09 am
Forum: Personal Finance (Not Investing)
Topic: Quicken 2018 for Mac [and PC Released]
Replies: 40
Views: 3995

Quicken 2018 for Mac [and PC Released]

Quicken 2018 for Mac is out, with a subscription-only model and three membership levels (Starter, Deluxe, and Premier). Here's the press release , and here's a comparison chart showing the features of each membership level for Mac users. The Deluxe and Premier versions add some of the investment fea...
by Eric
Sun Oct 15, 2017 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: New HSA provider Lively offers investments for $30/yr fee
Replies: 139
Views: 13594

Re: New HSA provider Lively offers investments for $30/yr fee

I just asked TD Ameritrade about the timing of the change to their ETF lineup, and got this response: I show that we expect to expand our line-up of commission free ETFs on starting on October 17. At that time, we plan to expand the program to include 296 ETFs. Starting on that date, you should have...
by Eric
Thu Aug 24, 2017 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: School Redistricting - What should we do?
Replies: 96
Views: 7750

Re: School Redistricting - What should we do?

Average test scores are almost always dependent on demographics. I assume your high schools are run by the same school board and administration with same policies, are they not? This. My son's elementary school had the top ("Exemplary") rating a few years ago. Then we had an influx of disadvantaged...
by Eric
Mon Aug 07, 2017 11:34 pm
Forum: Personal Consumer Issues
Topic: LibreOffice
Replies: 24
Views: 2920

Re: LibreOffice

How compatible are Impress and PowerPoint files? I sometimes give PowerPoint presentations at conferences where the lectern is preloaded with PowerPoint. It would be important for Impress to be able to save files that open perfectly in PowerPoint -- even minor formatting glitches would look unprofes...
by Eric
Wed May 24, 2017 10:04 am
Forum: Personal Consumer Issues
Topic: Lawyers charging for asking about fees
Replies: 62
Views: 8637

Re: Lawyers charging for asking about fees

So regarding the original question, it sounds like while it is not necessarily common practice, it is allowed to bill a client for asking questions about an invoice? (Was not the case in this situation.) Generally I wouldn't charge a client for that type of conversation, but I can think of one unus...
by Eric
Wed May 24, 2017 9:44 am
Forum: Personal Consumer Issues
Topic: Lawyers charging for asking about fees
Replies: 62
Views: 8637

Re: Lawyers charging for asking about fees

Incendiary wrote:I did post exactly what the bill said regarding comments about the line item.
Ah, I do see that further down now. In that case, the confusion is understandable, unless the client's legal issue concerned the payment of fees to someone else. Did it?
by Eric
Wed May 24, 2017 9:36 am
Forum: Personal Consumer Issues
Topic: Lawyers charging for asking about fees
Replies: 62
Views: 8637

Re: Lawyers charging for asking about fees

...and all the other posts where others had similar (and worse) experiences. We don't want anyone to know attorneys actually behave this way. :P I see only one other comment in this long thread describing a billing complaint. "All the other posts" you speak of must be in other threads. If they're v...
by Eric
Wed May 24, 2017 9:26 am
Forum: Personal Consumer Issues
Topic: Lawyers charging for asking about fees
Replies: 62
Views: 8637

Re: Lawyers charging for asking about fees

Glad that worked out, but the bill should come with enough notes for you to reasonably identify what work was performed. I once sent a bill to a client that was perfectly clear, but he simply misread it (hastily skipped past the key words). He sent me a hot email that was really quite unpleasant. T...
by Eric
Wed May 24, 2017 9:22 am
Forum: Personal Consumer Issues
Topic: Lawyers charging for asking about fees
Replies: 62
Views: 8637

Re: Lawyers charging for asking about fees

Just some follow up. Turns out the item was not a charge for asking about the lawyer's bill after all, but a completely legit charge relating to something else. :oops: Thank you for following up. Would you consider editing your original post, to add a note saying that? Many people may not read to t...
by Eric
Tue May 02, 2017 8:21 pm
Forum: Personal Consumer Issues
Topic: HOA vs No-HOA
Replies: 53
Views: 4232

Re: HOA vs No-HOA

The deteriorating car(s) up on blocks for 4 years because "I'm working on it (them)" is a little harder to disguise from prospective buyers. Many cities have ordinances that would address this. (Mine does.) That allows professional, disinterested city staff, rather than a neighbor with too much tim...
by Eric
Tue Feb 21, 2017 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: Portability and the Generation Skipping Transfer Tax (GST)
Replies: 11
Views: 1016

Re: Portability and the Generation Skipping Transfer Tax (GST)

Generally, if your child dies before you do, his or her children move up a generation (with respect to you). So you can make gifts or bequests to them without incurring GSTT.
by Eric
Sun Jul 03, 2016 3:30 pm
Forum: Personal Consumer Issues
Topic: How many of you have cut cord?
Replies: 172
Views: 16908

Re: How many of you have cut cord?

We've had a Tablo for about a month now and really like it. Combined with an antenna and an Apple TV 4 or Roku, it allows you to watch, record, and time-shift (DVR) live TV.
by Eric
Thu Jun 09, 2016 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: Caution re new Fidelity VISA
Replies: 3
Views: 925

Re: Caution re new Fidelity VISA

Is quietly keeping you at the same benefit level you have been receiving indefinitely not what the default expectation should be? New customers get the better benefit schedule. Existing customers don't unless they ask for it. In view of the fact that a new card is being issued to existing customers...
by Eric
Thu Jun 09, 2016 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: Caution re new Fidelity VISA
Replies: 3
Views: 925

Caution re new Fidelity VISA

We currently have the old (FIA) Fidelity Visa card that pays 1.5% on the first $15,000 each year and 2% on the excess. We're expecting to get the new (Elan) Fidelity Visa in a few weeks. Per Fidelity's website, the new card should pay a flat 2% (eliminating the 1.5% tier). We recently received a fly...
by Eric
Sun Jan 24, 2016 11:31 am
Forum: Investing - Help with Personal Investments
Topic: Think my future father in law is giving the wrong advice to my fiance..what should i do?
Replies: 111
Views: 11744

Re: Think my future father in law is giving the wrong advice to my fiance..what should i do?

Another option is to do offsetting transactions of your own. When your fiancee sells, you buy. That works only to the limit of your assets, but may at least moderate the impact of her trading on your combined finances.
by Eric
Wed Nov 25, 2015 10:18 am
Forum: Investing - Theory, News & General
Topic: Vanguard sued for [failing to charge market rates to and then paying taxes on services to its mutual funds]
Replies: 781
Views: 140252

Re: Vanguard sued for [failing to charge market rates to and then paying taxes on services to its mutual funds]

The franchise tax isn't really even a "pure" income tax (it's more of a "wealth" tax, since Texas doesn't believe in income taxes). Although part of the tax due is calculated on "taxable earned surplus," which starts with reported federal taxable income: m That's an ol...
by Eric
Sat Nov 21, 2015 6:29 pm
Forum: Investing - Theory, News & General
Topic: Vanguard sued for [failing to charge market rates to and then paying taxes on services to its mutual funds]
Replies: 781
Views: 140252

Re: Vanguard sued for [failing to charge market rates to and then paying taxes on services to its mutual funds]

What I found unusual was the small size of the settlement and that there was no announcement from Texas or Vanguard that Vanguard had agreed to change its policies. These suggest that it was something they both found to be relatively minor. The article doesn't say what kind of tax was at issue. But...
by Eric
Sun Aug 09, 2015 3:24 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with tiny orphan IRA
Replies: 8
Views: 1212

Re: What to do with tiny orphan IRA

Why not roll it into the new Roth you're opening? You'll pay tax on the conversion, but should avoid any penalty.
by Eric
Wed Jul 29, 2015 10:58 am
Forum: Personal Consumer Issues
Topic: Mandatory vehicle collision avoidance systems are coming
Replies: 43
Views: 3859

Re: Mandatory vehicle collision avoidance systems are coming

in a purely competitive market the car manufacturers will bear the cost I think that's incorrect as a matter of economic theory. The mandate should operate somewhat like a sales tax, which is borne in part by consumers. The amount borne by consumers and the amount borne by producers will depend on ...
by Eric
Thu Jul 23, 2015 9:01 am
Forum: Investing - Theory, News & General
Topic: Cap weight maximum diversification?
Replies: 47
Views: 3704

Re: Cap weight maximum diversification?

Every component of the total market is imperfectly correlated with the whole. You could select anything -- car companies, tech companies, military contractors, utilities, or anything else -- and say, "this moves differently than the market as a whole, so we should add more of it." So I don...
by Eric
Fri Jul 17, 2015 4:23 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Trust Services
Replies: 23
Views: 3848

Re: Vanguard disappoints

I have a friend who is trying to move a large amount of money, in several trusts, to Vanguard (under her own management). It has been over 6 months of back-and-forth documents without success. Is your friend attempting to appoint Vanguard as trustee, or is she attempting to open accounts for the tr...
by Eric
Fri Jul 17, 2015 2:34 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Trust Services
Replies: 23
Views: 3848

Re: Moving trusts to Vanguard.

I have a friend who is trying to move a large amount of money, in several trusts, to Vanguard (under her own management). It has been over 6 months of back-and-forth documents without success. Is your friend attempting to appoint Vanguard as trustee, or is she attempting to open accounts for the tr...
by Eric
Fri Jul 10, 2015 12:34 pm
Forum: Personal Consumer Issues
Topic: Internet storage and backup for Mac. Dropbox, iCloud, others?
Replies: 54
Views: 6736

Re: Internet storage and backup for Mac. Dropbox, iCloud, others?

Just out of curiosity, do people here actually back up "everything" (including tax/financial/personal documents), or do you only back up the things that you don't mind the world seeing if the data ever gets compromised? I back up everything. Also, how granular are Dropbox/Crashplan, etc? ...
by Eric
Thu Jul 09, 2015 10:24 am
Forum: Personal Finance (Not Investing)
Topic: Amex Premium Car Rental Protection--Worth it?
Replies: 20
Views: 14812

Re: Amex Premium Car Rental Protection--Worth it?

There's also the hassle factor to consider. I know this is an un-Boglehead thing to do, but we have started accepting the overpriced rental-company damage waiver just to avoid getting into an argument later about prior damage vs. new damage. Even if someone else pays to fix the damage, you may still...
by Eric
Wed Jul 08, 2015 8:59 am
Forum: Investing - Theory, News & General
Topic: Bloomberg - "The Hugely Profitable, Wholly Legal Way to Game the Stock Market" (Front running index fund purchases)
Replies: 43
Views: 6848

Re: Bloomberg Article: The Hugely Profitable, Wholly Legal Way to Game the Stock Market

Gus Sauter of Vanguard has acknowledged that the S&P500 index probably suffers from 25 bps of front running Does this suggest an offsetting benefit to the Extended Market Index? If so, since the market cap of the S&P 500 is 4 times the market cap of the Extended Market Index, does that mean...
by Eric
Sun Jul 05, 2015 9:43 am
Forum: Personal Consumer Issues
Topic: Internet storage and backup for Mac. Dropbox, iCloud, others?
Replies: 54
Views: 6736

Re: Internet storage and backup for Mac. Dropbox, iCloud, others?

I had a pretty negative customer service experience with Dropbox when I was a paid customer. I still use their free 2GB service, though. Currently we have this setup: 1. Crashplan for whole-computer backup. I've been using it for a while, alongside Arq, and will probably drop Arq soon. (Arq and its ...
by Eric
Mon Jun 08, 2015 10:38 am
Forum: Investing - Theory, News & General
Topic: Currency hedging equities: Vanguard's Global Min Vol Fund
Replies: 19
Views: 2298

Re: Currency hedging equities: Vanguard's Global Min Vol Fund

With international stocks I just assume that currency movements are unpredictable. That means hedging has an equal chance of reducing volatility as it does of increasing it--it all depends on whether the dollar moves the same direction as the difference between US and international stocks or not. L...
by Eric
Fri Jun 05, 2015 3:48 pm
Forum: Investing - Theory, News & General
Topic: Convertible Bonds and Preferred Stock. Why don't we invest in them?
Replies: 16
Views: 1909

Re: Convertible Bonds and Preferred Stock. Why don't we invest in them?

Preferred stock has favorable tax characteristics for corporate investors. Briefly, a corporate investor may avoid tax on 70% or more of the income received. So for a corporate investor, a preferred stock is similar in some ways to a muni bond. Like a muni bond, it may pay less than would a fully ta...
by Eric
Tue Jun 02, 2015 10:22 pm
Forum: Investing - Theory, News & General
Topic: Four Vanguard International Equity Index changing/broadening indexes
Replies: 80
Views: 12986

Re: Four Vanguard International Equity Index changing/broadening indexes

The logical next step is for Vanguard to broaden the index for the FTSE All-World Ex-US fund, and then merge it into Total International.
by Eric
Thu May 28, 2015 8:23 am
Forum: Personal Finance (Not Investing)
Topic: Citi double cash card vs. Amex Blue Everyday
Replies: 34
Views: 28906

Re: Citi double cash card vs. Amex Blue Everyday

Mudpuppy wrote:There is also a Fidelity cash back VISA card that gets 1.5% on all purchases.

The Fidelity VISA rebates 1.5% on the first $15,000 and 2% on the excess.

So if you charge more than $15,000 per year, it's equivalent to a 2% card with a $75 annual fee. (0.5% times $15,000 equals $75.)
by Eric
Mon May 25, 2015 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: $4500 reasonable for wills for blended family and some trusts?
Replies: 38
Views: 3483

Re: $4500 reasonable for wills for blended family and some trusts?

Eric, do you think that the lawyers in an employer's legal group plan could do a good job? My wife (who is also an estate planning attorney) was approached by one of these plans early in her career. The plan offered to pay her only $75 for each will she prepared on behalf of one of its members. Tha...
by Eric
Mon May 25, 2015 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: $4500 reasonable for wills for blended family and some trusts?
Replies: 38
Views: 3483

Re: $4500 reasonable for wills for blended family and some trusts?

Second marriage, kids from both marriages, estate large enough to require tax planning?$4500 is reasonable.
by Eric
Wed May 13, 2015 9:15 am
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth: Schooling my CPA and getting charged for it!
Replies: 134
Views: 14142

Re: Backdoor Roth: Schooling my CPA and getting charged for it!

If your CPA is part of a larger office, he may not actually handle his own billing. If he entered this item into his timekeeping software and then his office manager pulled it and put together the invoice, they may not have been aware that this was non-charge time. I doubt you'll have a problem get...
by Eric
Wed May 13, 2015 7:45 am
Forum: Personal Finance (Not Investing)
Topic: NYT: 2% rebate credit cards; will they last?
Replies: 30
Views: 4496

Re: NYT: 2% rebate credit cards; will they last?

midareff wrote:The Fido AMEX redeems automatically but FIA has told me the Visa can not be set up that way. Does your automatically pay your Fido cash account?


Yes, my Fido Visa pays automatically to my Fido cash account.
by Eric
Sat May 09, 2015 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: NYT: 2% rebate credit cards; will they last?
Replies: 30
Views: 4496

Re: NYT: 2% rebate credit cards; will they last?

If you're going to consider cards with an annual fee, as the author does, then Fidelity VISA should be in the mix too. If you spend at least $15,000 per year, the rewards structure is equivalent to a 2% card with a $75 annual fee. For those seeking a non-AMEX card @ 2% the Citi MasterCard at 1% + 1...
by Eric
Sat May 09, 2015 8:56 am
Forum: Personal Finance (Not Investing)
Topic: NYT: 2% rebate credit cards; will they last?
Replies: 30
Views: 4496

Re: NYT: 2% rebate credit cards; will they last?

If you're going to consider cards with an annual fee, as the author does, then Fidelity VISA should be in the mix too. If you spend at least $15,000 per year, the rewards structure is equivalent to a 2% card with a $75 annual fee.
by Eric
Tue May 05, 2015 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: Replace Fidelity AMEX with Citibank Double Cash
Replies: 14
Views: 3487

Re: Replace Fidelity AMEX with Citibank Double Cash

How easy is it to redeem the cash? I like the automatic redemption feature of the Fidelity card. No request necessary.
by Eric
Thu Apr 09, 2015 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: Gift a child, then let them make charitable gift?
Replies: 11
Views: 1516

Re: Gift a child, then let them make charitable gift?

Bear in mind the difference between fixed and marginal reductions in your itemized deductions. To oversimplify a bit, your itemized deductions are reduced by a fixed amount based on your income level. In effect, the government has set a "floor" you must exceed to benefit from your deductio...
by Eric
Sat Mar 07, 2015 9:19 am
Forum: Investing - Theory, News & General
Topic: What's with VG Complaints???
Replies: 42
Views: 4537

Re: What's with VG Complaints???

walletless wrote:I have brokerage accounts at Vanguard, Fidelity, E*Trade, and Tradeking.

Was E*Trade acceptable? I ask because I'm thinking of moving my solo 401(k) there.
by Eric
Fri Feb 27, 2015 2:46 pm
Forum: Personal Finance (Not Investing)
Topic: Have I made a terrible mistake? - whole life
Replies: 59
Views: 9593

Re: Have I made a terrible mistake? - whole life

What other info would you say is needed to answer the question about what to do now, other than the tax impact on the scenario where I drop the whole policy, buy term, and invest the rest? I'd want to know more about the internal costs. I'm not an insurance expert, but conceptually I think each pre...
by Eric
Fri Feb 27, 2015 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: Have I made a terrible mistake? - whole life
Replies: 59
Views: 9593

Re: Have I made a terrible mistake? - whole life

Just as a counterpoint: Whole life is often a bad deal because of the high up-front costs. But you've already incurred a lot of those costs. The real question isn't "have I made a mistake?" but "what should I do now, ignoring sunk costs?" I don't think we have enough information ...
by Eric
Thu Feb 26, 2015 11:01 am
Forum: Investing - Theory, News & General
Topic: International increase in Target Retirement & LifeStrategy
Replies: 235
Views: 35211

Re: International increase in Target Retirement & LifeStrate

It's a bit closer to a "world neutral" position, then, isn't it? Yes. Makes me wonder if the long-term plan is to replace the individual components with Total World. Vanguard did something similar some years ago when it replaced the region-specific international funds with Total Internati...
by Eric
Fri Feb 13, 2015 9:24 am
Forum: Investing - Theory, News & General
Topic: What is the BH consensus on international bonds?
Replies: 54
Views: 6815

Re: What is the BH consensus on international bonds?

If you are holding bonds for stability, then it doesn't make sense to use securities that are subject to major currency fluctuations. I did consider a fund that held Int. bonds. Glad now that I did not. Wasn't worth the extra currency risk. Vanguard's Total International Bond Index Fund hedges its ...
by Eric
Wed Feb 11, 2015 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Supervisor Role
Replies: 4
Views: 611

Re: Trust Supervisor Role

The more common term is "Trust Protector." That's probably what he means.