Search found 1632 matches

by archbish99
Fri Dec 07, 2018 6:38 pm
Forum: Investing - Help with Personal Investments
Topic: Silly 401k Question: Roll out rollover?
Replies: 9
Views: 712

Re: Silly 401k Question: Roll out rollover?

I know that I can't roll out my pre-tax contributions or my employer's contributions while I'm still employed. You don't know the highlighted part because it isn't true. Your plan might not allow it, but the law doesn't prohibit it. Hrm, something else to ask about when I do this, then. I've alread...
by archbish99
Wed Dec 05, 2018 4:27 pm
Forum: Investing - Help with Personal Investments
Topic: Silly 401k Question: Roll out rollover?
Replies: 9
Views: 712

Re: Silly 401k Question: Roll out rollover?

I just called Fidelity to confirm, and as mentioned above, I am allowed to roll back out the rollover funds at any time. Also as expected, once I'm no longer an employee, I can roll out but can't roll in.
by archbish99
Tue Dec 04, 2018 4:23 pm
Forum: Investing - Help with Personal Investments
Topic: Silly 401k Question: Roll out rollover?
Replies: 9
Views: 712

Silly 401k Question: Roll out rollover?

I know that I can't roll out my pre-tax contributions or my employer's contributions while I'm still employed. However, I rolled my account from my previous employer's 401k into my new employer's 401k, and they promptly reworked their fee structure in an unpleasant fashion. Do I have the option to r...
by archbish99
Mon Oct 22, 2018 2:38 am
Forum: Personal Finance (Not Investing)
Topic: Where would you go for financial guidance if you win the Megamillions?
Replies: 188
Views: 17073

Re: Where would you go for financial guidance if you win the Megamillions?

Am I correct to assume that I could donate a significant amount to charity and/or donor-advised trust instead of paying taxes? Yes and no. You could reduce the amount you would pay in taxes by giving away a portion of it. Part of why my imaginary plan includes donating 40% of it is that it lowers t...
by archbish99
Sun Oct 21, 2018 1:04 am
Forum: Personal Finance (Not Investing)
Topic: Where would you go for financial guidance if you win the Megamillions?
Replies: 188
Views: 17073

Re: Where would you go for financial guidance if you win the Megamillions?

Are you sure about that? If that's the case, then buy 1 copy of each ticket. I recall reading that there are companies where that is literally their money-making strategy -- they attempt to purchase all possible numbers and guarantee a win. For example, https://www.nytimes.com/1992/02/25/us/group-i...
by archbish99
Fri Oct 19, 2018 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: Where would you go for financial guidance if you win the Megamillions?
Replies: 188
Views: 17073

Re: Where would you go for financial guidance if you win the Megamillions?

I remain in the school of thought to buy a single ticket when the expected value is nominally higher than the price of the ticket. (Of course, if you factor in the probability of splitting the jackpot, this never happens.) The change from zero to one ticket is an infinite increase in your odds. The ...
by archbish99
Mon Jul 09, 2018 12:42 am
Forum: Personal Finance (Not Investing)
Topic: E- Billing & Autopay
Replies: 27
Views: 2606

Re: E- Billing & Autopay

Who told the card companies to close the cards? My experience has been that the cards stay open for quite a while - actually none of them were ever closed until I asked for them to be closed, even with just one deceased cardholder. No one "asked," per se. As soon as we told them he had died, they c...
by archbish99
Sat Jul 07, 2018 11:25 am
Forum: Personal Finance (Not Investing)
Topic: 401k loan to pay off debt?
Replies: 37
Views: 1946

Re: 401k loan to pay off debt?

A 401k loan isn't invested elsewhere while you have it outstanding - the profit that money makes is strictly the interest that you pay on it. The fact that you're paying the interest "to yourself" is immaterial, because otherwise it would be invested in something else that will make a return. Treat ...
by archbish99
Sat Jul 07, 2018 11:18 am
Forum: Personal Finance (Not Investing)
Topic: Borrow for BigLaw Partnership Buy-in?
Replies: 26
Views: 4205

Re: Borrow for BigLaw Partnership Buy-in?

One option to consider is that, if you believe the firm not making budget is highly unlikely, you could continue to focus on your Roth and 401k savings first. In the event that you need to make a payment out-of-pocket, you have the option of a Roth principal withdrawal or a 401k loan. Bearing in min...
by archbish99
Sat Jul 07, 2018 11:10 am
Forum: Personal Finance (Not Investing)
Topic: E- Billing & Autopay
Replies: 27
Views: 2606

Re: E- Billing & Autopay

We do this, and it's very convenient. However, your concern about your wife when you pass is well-founded. When my father passed recently, my mother found that all their e-bills and auto-payments were not only discontinued but no longer even listed. Similarly, she found the majority of "their" credi...
by archbish99
Mon Jul 02, 2018 5:29 pm
Forum: Investing - Help with Personal Investments
Topic: Residual TIRA Basis
Replies: 7
Views: 428

Re: Residual TIRA Basis

Thanks!
by archbish99
Mon Jul 02, 2018 12:29 pm
Forum: Investing - Help with Personal Investments
Topic: Residual TIRA Basis
Replies: 7
Views: 428

Re: Residual TIRA Basis

Does it disappear immediately, or would I be able to apply it to a conversion later this year, at least? I agree trying to assiduously carry it year-to-year seems like overkill.
by archbish99
Sun Jul 01, 2018 11:49 am
Forum: Investing - Help with Personal Investments
Topic: Residual TIRA Basis
Replies: 7
Views: 428

Residual TIRA Basis

This is my first year doing a backdoor Roth IRA. I contributed to the TIRA, then did a full conversion the following day. The value had gone down slightly, meaning there is no taxable portion to the conversion. But what happens to the minor residual basis? Does it mean that I have a small amount of ...
by archbish99
Sun Jul 01, 2018 11:14 am
Forum: Personal Finance (Not Investing)
Topic: Can an employee purchase a pre-tax transit pass for spouse?
Replies: 11
Views: 1308

Re: Can an employee purchase a pre-tax transit pass for spouse?

I suspect, rather, that it's a matter of "they'll never know." My transit account issues a prepaid debit card that will only accept charges from transit providers. I use it to load my transit card (which is more financially efficient than buying a pass). For myself, once the money or pass is on my c...
by archbish99
Fri Jun 29, 2018 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: Do you cancel old credit cards?
Replies: 55
Views: 5987

Re: Do you cancel old credit cards?

Problem was my father was in no condition to do so himself. Amazing how well I can imitate a gravelly voiced cantankerous old guy on the phone. :twisted: For a number of years, my father was still coherent enough to answer "Yes" when a customer service person asked him if they were authorized to di...
by archbish99
Thu Jun 21, 2018 4:09 pm
Forum: Personal Finance (Not Investing)
Topic: Do you cancel old credit cards?
Replies: 55
Views: 5987

Re: Do you cancel old credit cards?

I just got a pre-approval offer for a capital one card for 20,000 miles with no annual fee. I almost bit but it's honestly challenging for me to meet a spending requirement without ending up manufacturing spending. There's manufactured spending and manufactured spending. For example, do you have en...
by archbish99
Mon Jun 04, 2018 1:23 am
Forum: Investing - Help with Personal Investments
Topic: Why do I have a wash sale disallowance?
Replies: 12
Views: 1624

Re: Why do I have a wash sale disallowance?

This is an odd one where a computer looking at each lot and a human looking at the whole transaction piece things together differently. Your second lot created a wash sale because you'd purchased other shares of the same security within 30 days before or after -- which would be the third lot. You lo...
by archbish99
Mon May 14, 2018 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: Job Offer Thoughts
Replies: 10
Views: 1499

Re: Job Offer Thoughts

Game out two scenarios: The company succeeds, or the company flops. If the company succeeds, your equity holdings will be worth quite a lot. (Take the opportunity to sell and diversify when you get it, but also ask about whether you're senior enough to have required holdings in company stock.) It's ...
by archbish99
Thu Apr 26, 2018 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: Employer X vs Employer Y - which is better?
Replies: 4
Views: 494

Re: Employer X vs Employer Y - which is better?

As to the details you've given on the compensation, there's more to it. If X's insurance is 12x$339.50 = $4,074/year and Y's insurance is 26x$295.15=$7674/year, that's a substantial difference. Is the coverage also substantially different? Which one better suits your medical needs? For the 401k (I a...
by archbish99
Tue Apr 24, 2018 12:41 pm
Forum: Local Chapters and Bogleheads Community
Topic: Bogleheads@MSFT
Replies: 8
Views: 2616

Re: Bogleheads@MSFT

It did when I left Microsoft a few months ago. Never was a whole lot of discussion, though -- mostly about the ESPP and whenever they changed our 401k options.
by archbish99
Thu Apr 19, 2018 7:23 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3105
Views: 602095

Re: What's Your Credit Card Rewards Strategy?

I am assuming you mean the Arrival Premier. If you are spending $25,000+ on credit cards a year and just want one set it and forget it card, then the Arrival Premier might make sense for you. If I am spending that much, though, Iw would prefer to take advantage of some of the big sign up bonuses li...
by archbish99
Fri Apr 13, 2018 5:10 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3105
Views: 602095

Re: What's Your Credit Card Rewards Strategy?

The Barclay Arrival Premier looks awful. I fully expect to cancel my Arrival+ when the annual fee comes due. Barclay perfectly created a card that is worth it to abuse in the first year and utterly worthless in year 2 and beyond. 2 Miles back that are hard to redeem versus a Citi Doublecash? Now it...
by archbish99
Wed Apr 11, 2018 5:47 pm
Forum: Personal Finance (Not Investing)
Topic: [Help completing the TN state tax return]
Replies: 73
Views: 3094

Re: Why is TurboTax saying I need to file multiple state tax returns?

My parents used to file annually in three states (we lived in one, Dad worked in another, and Mom had passive income from a third), and I've done this repeatedly both from my own moves and since I've assumed control of their finances. None of those states was one of the ones you mention, so Your Tax...
by archbish99
Tue Apr 10, 2018 4:52 pm
Forum: Investing - Theory, News & General
Topic: Is HSA right for me.
Replies: 6
Views: 934

Re: Is HSA right for me.

It all depends on the details of your plan. $6k is a surprisingly high deductible; that's the OOP max on my HDHP. Does it pay 100% past that deductible, or does it have an even higher OOP max? From what you've said, the difference would be: $1,200 less in premiums $1,298 in tax savings on the HSA (n...
by archbish99
Wed Mar 28, 2018 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: Travel reservations for work on personal card
Replies: 10
Views: 740

Re: Travel reservations for work on personal card

Waiting until after the trip to be reimbursed is fishy. I always wind up filing two expense reports per trip -- one for pre-paid expenses (flight, registration fees, hotel deposit) and a second for time-of-trip expenses (hotel, food, laundry). If they're not willing to reimburse prior to the trip, t...
by archbish99
Tue Feb 13, 2018 11:48 pm
Forum: Personal Consumer Issues
Topic: Used Chevy Volt - Which year should I look at?
Replies: 35
Views: 3439

Re: Used Chevy Volt - Which year should I look at?

So the Volt essentially has unlimited range because it runs on battery to start, and gas once the battery runs out? But unlike a hybrid that has both gas & electric, this thing need to be plugged in to run on electric only? Essentially. The internal difference is that it's really an electric car wi...
by archbish99
Fri Jan 12, 2018 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: Failure to Defer 401k Contributions
Replies: 6
Views: 609

Re: Failure to Defer 401k Contributions

I'm not suggesting that it be by a method other than payroll contributions, but they failed to take the contribution I had elected from the paycheck. I had assumed that, if they're obligated to do so, there's also some method of correcting it if they fail to do so. (Or are they not actually obligate...
by archbish99
Fri Jan 12, 2018 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: Failure to Defer 401k Contributions
Replies: 6
Views: 609

Failure to Defer 401k Contributions

I switched jobs in 2017, and estimated the amount I would have contributed to my 401k at my previous employer when I started. (This was part of my new employee paperwork while I hadn't left my old job, let alone gotten my final paystub. I didn't have the actual number until later.) I realized that t...
by archbish99
Sat Dec 23, 2017 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: Tracking FSA to Expenses
Replies: 3
Views: 466

Re: Tracking FSA to Expenses

The second increase appeared sometime in the last day or so, so whether they're supposed to or not, they clearly do permit me to increase my election. Now I'm trying to decide whether to increase it one more time....
by archbish99
Mon Dec 18, 2017 6:01 pm
Forum: Personal Finance (Not Investing)
Topic: Tracking FSA to Expenses
Replies: 3
Views: 466

Tracking FSA to Expenses

Minor, but I'm in the interesting position of having switched employers in the last two months of the year. My new employer gives me 60 days to switch around my new-hire benefits elections. I initially elected $300 in the FSA, but once I saw the bill for my wife's glasses, I increased that to $700 a...
by archbish99
Thu Nov 16, 2017 3:49 am
Forum: Personal Finance (Not Investing)
Topic: [UPDATED 1/26/2018 ] 55+ Early retirement offer.
Replies: 90
Views: 14258

Re: 55+ Early retirement offer.

It seems likely that you would qualify for a plan through the ACA, if nothing else. You might even qualify for a tax credit and/or cost-sharing reduction, depending on how your year of salary lands versus the time you'd need to start getting private insurance. However, weigh carefully the current po...
by archbish99
Wed Nov 15, 2017 11:00 pm
Forum: Investing - Help with Personal Investments
Topic: Managing 401k after Job Change
Replies: 16
Views: 1561

Re: Managing 401k after Job Change

Thanks -- there's a lot of useful info here. In the interest of simplifying, I'm considering not retaining the tilt and using the IRA to hold Extended Market rather than SCV, but in general I think this is a good framework for how to restructure things. It looks like the added ER of keeping the chea...
by archbish99
Wed Nov 15, 2017 12:29 pm
Forum: Investing - Help with Personal Investments
Topic: Managing 401k after Job Change
Replies: 16
Views: 1561

Re: Managing 401k after Job Change

1. Your stock to bond allocation is extremely low for someone of your age. A more normal allocation would be something like 80% stocks, maybe 70% at a push. Over the long timeframe you have before retirement, a 50% stock portfolio is almost certain to underperform a portfolio with a higher percenta...
by archbish99
Wed Nov 15, 2017 11:39 am
Forum: Investing - Help with Personal Investments
Topic: Managing 401k after Job Change
Replies: 16
Views: 1561

Re: Managing 401k after Job Change

Yes, in both old and new 401ks, the BrokerageLink lets me pull money into a brokerage account. I can then buy nearly any Fidelity mutual fund, or (for a pretty reasonable commission) buy ETFs, or (for a pretty ugly commission) buy most other companies' mutual funds. The new 401k has a $2,500 minimum...
by archbish99
Wed Nov 15, 2017 11:15 am
Forum: Investing - Help with Personal Investments
Topic: Managing 401k after Job Change
Replies: 16
Views: 1561

Managing 401k after Job Change

Emergency funds: $12k in CDs and Savings Debt: Mortgage, 5/5 ARM (2/2/5), $417k @ 3.25% until March 2022 Tax Filing Status: Married Filing Jointly Tax Rate: 25% Federal, 0% State State of Residence: Washington Ages: 36 & 34 Desired Asset allocation: 50% stocks / 50% bonds Desired International allo...
by archbish99
Sat May 27, 2017 12:15 am
Forum: Investing - Help with Personal Investments
Topic: Pay Down 401k Loan vs Mega Backdoor Roth
Replies: 13
Views: 1880

Re: Pay Down 401k Loan vs Mega Backdoor Roth

A 401k loan represents two things at once. It's a bond investment inside your 401k, and it's a non-deductible loan outside your 401k. It's only worthwhile if both of those are things you would do anyway. I get wanting to use the 401k interest as a way to boost your bond "returns," but what you're re...
by archbish99
Mon May 15, 2017 2:59 pm
Forum: Personal Consumer Issues
Topic: Dual-fuel and multi-zone HVAC?
Replies: 6
Views: 1312

Re: Dual-fuel and multi-zone HVAC?

Oh, and as to Nest versus Ecobee, which seem to be the main smart tstats: I've heard strong arguments for both. The Ecobee ($50 more, after rebates on each from our power company) has the advantage of the remote temperature sensor, but what I've heard from owners is that it really just averages the ...
by archbish99
Mon May 15, 2017 12:15 pm
Forum: Personal Consumer Issues
Topic: Dual-fuel and multi-zone HVAC?
Replies: 6
Views: 1312

Re: Dual-fuel and multi-zone HVAC?

The first person we had come out took one look at our ducts and said we're not a good candidate for zoning. His opinion was that our ducts are ideal for heat, but poor for cooling. He thought we might get adequate cooling upstairs if we add an extra return, but said if we want to ensure good cooling...
by archbish99
Tue May 02, 2017 9:41 pm
Forum: Personal Consumer Issues
Topic: Dual-fuel and multi-zone HVAC?
Replies: 6
Views: 1312

Dual-fuel and multi-zone HVAC?

I suspect I know the answer to this, but I'm new to the gory details of HVAC wiring and mechanics, so I want to make sure I haven't missed something. We're meeting with the HVAC folks who did our old furnace on Thursday to talk about upgrading to a dual-fuel heat pump / furnace combo so we get air c...
by archbish99
Sat Mar 11, 2017 4:24 pm
Forum: Investing - Help with Personal Investments
Topic: Money, Children, Trusts, Oh My! - Parenting Tips Requested
Replies: 16
Views: 2487

Re: Money, Children, Trusts, Oh My! - Parenting Tips Requested

If you're not worried about having a large estate, why do you care about the annual exclusion anyway? You have $11M in lifetime gift exemption; if you're not expecting to need that at death, you can use it anytime you want. Forget the annual gift limits.
by archbish99
Tue Feb 28, 2017 8:24 pm
Forum: Personal Finance (Not Investing)
Topic: Physician Disability Insurance
Replies: 43
Views: 3808

Re: Physician Disability Insurance

I guess when you are buying an individual disability insurance policy you're not getting what you paid for - the insurance agent is the one getting what you paid for. No, based on that, the insurance agent isn't getting what you paid for, they're getting (some of) what you paid for it. Less sarcast...
by archbish99
Wed Feb 15, 2017 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: Another Newbie Tax Question!
Replies: 15
Views: 1089

Re: Another Newbie Tax Question!

Yes, I'm perfectly happy to let the brokerage keep the records. It's certainly possible that they'll mess up, so you should spot-check occasionally -- but I haven't found them to be wrong, except in corner cases (employer stock plans, for example) where you already know you should be keeping close r...
by archbish99
Wed Feb 15, 2017 7:11 pm
Forum: Investing - Help with Personal Investments
Topic: Investing for early-ish retirees? [type of account for pre-59.5 expenses]
Replies: 9
Views: 1484

Re: Investing for early-ish retirees? [type of account for pre-59.5 expenses]

I'll second all the above comments about Roth accounts and making use of your low-tax-rate space. Note that your tax rate likely goes up substantially if 'we' becomes 'I' through any possible path; that's another reason to convert aggressively while you have married tax brackets to work with. In ter...
by archbish99
Fri Nov 04, 2016 12:43 pm
Forum: Investing - Theory, News & General
Topic: Help me understand dividends
Replies: 146
Views: 13238

Re: Help me understand dividends

The company is earning money over time, assuming it's profitable. It's your part-ownership of this earned money that causes the stock price to increase between dividend payments; and then the money is paid out and you actually have your share of the money that you part-owned. From a long-term invest...
by archbish99
Fri Nov 04, 2016 12:28 pm
Forum: Personal Consumer Issues
Topic: Insurance/Tax Question: HVAC system ruined by Possum
Replies: 5
Views: 970

Re: Insurance/Tax Question: HVAC system ruined by Possum

My homeowner's contains an exclusion for "vermin." A possum would likely qualify. But fundamentally, the answer comes back to something you haven't provided: What does your policy say? Get it out and read.
by archbish99
Wed Sep 14, 2016 11:18 am
Forum: Personal Consumer Issues
Topic: How much vacation time do you get at work?
Replies: 155
Views: 15473

Re: How much vacation time do you get at work?

Some of you get 11 to "two weeks" of holidays? Please satisfy my curiosity and tell me what they are! What the heck, you kids get Groundhog and Earth Day off? :D New Year's Day Martin Luther King Day Presidents Day Memorial Day Fourth of July Holiday Labor Day Thanksgiving Day Day after Thanksgivin...
by archbish99
Mon Aug 15, 2016 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: Gifts over $14000
Replies: 15
Views: 3162

Re: Gifts over $14000

And to make it even more confusing it is through a joint account. Would it be required to report each year that the gift is over 14k or would it be required to report once the joint accounts are made individual. For example if the accounts were linked between parents and their children. I don't thi...
by archbish99
Thu Aug 11, 2016 5:20 pm
Forum: Personal Consumer Issues
Topic: How much vacation time do you get at work?
Replies: 155
Views: 15473

Re: How much vacation time do you get at work?

On my Sick Leave... I use what I have to, but only for Sick, Dr Appointments, etc... When I retire, I get paid for my unused sick hours, at my max pay rate during my employment... and I currently have a sick leave balance of 2207.75 hours. That will be a nice check at retirement time... that is if ...
by archbish99
Thu Aug 11, 2016 3:38 pm
Forum: Personal Consumer Issues
Topic: How much vacation time do you get at work?
Replies: 155
Views: 15473

Re: How much vacation time do you get at work?

3-5 weeks vacation, depending on seniority (Currently at 4). 2 weeks sick time, though for slight overages my manager has said he'll be flexible (since it resets every year and I almost never use it all). 12 paid holidays, of which two are "floating" (meaning they can be used like vacation days, but...