Search found 3175 matches

by JamesSFO
Fri May 03, 2019 5:54 pm
Forum: Investing - Theory, News & General
Topic: New Fidelity Small Business Offering - Anyone investigated?
Replies: 5
Views: 503

Re: New Fidelity Small Business Offering - Anyone investigated?

Spirit Rider wrote:
Fri May 03, 2019 1:46 pm
Actually, I was volunteering @JamesSFO.
Sadly my business is too small, even counting our international subsidiary we are not up to 30 employees... I missed the lower bound.
by JamesSFO
Fri May 03, 2019 10:39 am
Forum: Investing - Theory, News & General
Topic: New Fidelity Small Business Offering - Anyone investigated?
Replies: 5
Views: 503

New Fidelity Small Business Offering - Anyone investigated?

Fidelity on April 11 announced Fidelity Works (http://www.fidelityworks.com/), wondering if anyone has checked out for their business (payroll, HSA, 401K, and a few other things bundled it seems).

Anyone?
by JamesSFO
Tue Apr 30, 2019 10:39 am
Forum: Personal Consumer Issues
Topic: Car insurance shopping - worth leaving USAA?
Replies: 36
Views: 2011

Re: Car insurance shopping - worth leaving USAA?

I've left the USAA Bank which used to be great, this is making me rethink my insurance. Though I will say they were outstanding to my parents after some mold/water damage in terms of covering the claim without a fight, etc.
by JamesSFO
Fri Apr 26, 2019 2:49 pm
Forum: Personal Consumer Issues
Topic: Best email client for Mac?
Replies: 13
Views: 1053

Re: Best email client for Mac?

I used Airmail - https://airmailapp.com/ - for a while, now I just use the GMail interface directly.
by JamesSFO
Mon Apr 15, 2019 9:40 am
Forum: Investing - Theory, News & General
Topic: The Deep History of Stock & Bond Returns
Replies: 79
Views: 6577

Re: The Deep History of Stock & Bond Returns

Late redirect to this thread from another thread.

On the bond trend, is the downward trend because the quantity of debt issued by AAA issuers unlikely to default has gone up? I mean you still see smaller/basketcase countries with higher yields?
by JamesSFO
Thu Apr 11, 2019 8:01 pm
Forum: Personal Investments
Topic: Does a company 401k need a financial planner?
Replies: 32
Views: 2006

Re: Does a company 401k need a financial planner?

The best advisors know this and don't pretend to add value by selecting and monitoring investment line-up. They focus on ERISA, FINRA, DoL issues that can cause investment / K-plan committees to get themselves in trouble. Think about it, even plans with Vanguard funds have been sued by employees fo...
by JamesSFO
Thu Apr 11, 2019 9:53 am
Forum: Personal Investments
Topic: Does a company 401k need a financial planner?
Replies: 32
Views: 2006

Re: Does a company 401k need a financial planner?

My experience of this when I was responsible for the 401K for a small silicon valley startup (plan had about ~$5M in assets at peak) is that you hear a lot of messages like that from SoonerD. As a practical matter, all anyone we brought in wanted to do was move our plan away from Fidelity Index fund...
by JamesSFO
Fri Mar 29, 2019 7:10 pm
Forum: Investing - Theory, News & General
Topic: Dave Ramsey's Advice - Evaluated with Actual Returns from His Company's 401K
Replies: 101
Views: 13186

Re: Dave Ramsey's Advice - Evaluated with Actual Returns from His Company's 401K

"Should be indexed against" is irrelevant here. I'm fact checking his very specific claim, not analyzing what he should have claimed. He specifically claimed active beats passive in the materials you sent, you did not show that, you showed he gave a claim that is irrelevant and are excited about it...
by JamesSFO
Fri Mar 29, 2019 8:54 am
Forum: Investing - Theory, News & General
Topic: Dave Ramsey's Advice - Evaluated with Actual Returns from His Company's 401K
Replies: 101
Views: 13186

Re: Dave Ramsey's Advice - Evaluated with Actual Returns from His Company's 401K

I’m curious to see if anyone has any critiques of my analysis. Thoughts? Yes, S&P500 is not an appropriate benchmark, I mean it may be a (partially) true statement, but misses the mark if the appropriate target index outperformed... I'm confused. Dave Ramsey directly says "I beat the S&P by 1% a ye...
by JamesSFO
Thu Mar 28, 2019 6:15 pm
Forum: Investing - Theory, News & General
Topic: Dave Ramsey's Advice - Evaluated with Actual Returns from His Company's 401K
Replies: 101
Views: 13186

Re: Dave Ramsey's Advice - Evaluated with Actual Returns from His Company's 401K

JH4P wrote:
Thu Mar 28, 2019 4:51 pm


I’m curious to see if anyone has any critiques of my analysis.

Thoughts?
Yes, S&P500 is not an appropriate benchmark, I mean it may be a (partially) true statement, but misses the mark if the appropriate target index outperformed...
by JamesSFO
Thu Mar 28, 2019 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: Bogleheads Guide to Business Benefits: Pro-Employee 401(k)
Replies: 11
Views: 657

Re: Bogleheads Guide to Business Benefits: Pro-Employee 401(k)

...Mega Backdoor Roth... Two follow up thoughts: 1) That is not necessarily a term the folks will know it is an after-tax contribution to max with in-service rollovers or similar 2) Trying to get that on a plan that works for a small business may drive your costs of the plan up for very little bene...
by JamesSFO
Wed Mar 27, 2019 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: Bogleheads Guide to Business Benefits: Pro-Employee 401(k)
Replies: 11
Views: 657

Re: Bogleheads Guide to Business Benefits: Pro-Employee 401(k)

Something that's really irked me is that at this point low fees are a pretense to justify offering certain funds over others, at the expense of everything else. "Low fees" is now trending towards having the same meaning as "organic" does on food. The example I'm thinking about in particular is when...
by JamesSFO
Wed Mar 27, 2019 1:58 pm
Forum: Forum Issues and Administration
Topic: Auto-Lock threads older than 6 months!
Replies: 50
Views: 6740

Re: Automatically Locking Older Threads?

I don't see why it is necessary. At times, it is helpful when the OP comes back and gives an update. I don't see any disadvantage when someone revives a "dead" thread. See https://www.bogleheads.org/forumhttps://www.bogleheads.org/forum/viewtopic.php?f=3&t=71206 for a discussion. Fair point perhaps...
by JamesSFO
Wed Mar 27, 2019 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: Bogleheads Guide to Business Benefits: Pro-Employee 401(k)
Replies: 11
Views: 657

Re: Bogleheads Guide to Business Benefits: Pro-Employee 401(k)

Again, small ~5 employee business in CA here. My $0.02 is the best things you can do are: 1) Have a safe harbor matching plan of some sort to ensure everyone can contribute (~3-4%) 2) Have very low costs passed to employees, we pay 100% of the Ascensus/Vanguard charges and offer exclusively the Admi...
by JamesSFO
Wed Mar 27, 2019 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: Bogleheads Guide to Business Benefits: Pro-Employee Health Insurance
Replies: 2
Views: 192

Re: Bogleheads Guide to Business Benefits: Pro-Employee Health Insurance

I will also add the other route is to basically make yourself a large employer by working with someone like a TriNet or similar which is a professional employer organization (PEO). There are issues there, but the benefit is that you can often get into their plans which are closer in scale to a large...
by JamesSFO
Wed Mar 27, 2019 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: Bogleheads Guide to Business Benefits: Pro-Employee Health Insurance
Replies: 2
Views: 192

Re: Bogleheads Guide to Business Benefits: Pro-Employee Health Insurance

Small business owner here, ~5 emps. Your options may be HEAVILY dependent on which US state your company is based in. For example, here in CA most of the carriers will only take us if 75% of emps all go with one carrier. So it is tricky for us to say do a Blue Cross (BC) and a Kaiser (K) plan. Becau...
by JamesSFO
Wed Mar 27, 2019 12:48 pm
Forum: Forum Issues and Administration
Topic: Auto-Lock threads older than 6 months!
Replies: 50
Views: 6740

Automatically Locking Older Threads?

[Thread merged into here, see below. --admin LadyGeek]

Just having seen a 2015 thread get "necro'ed" I'm wondering if any consideration has been given to automatically locking commenting on threads that have not had a comment in say ~12 months?
by JamesSFO
Wed Mar 27, 2019 10:47 am
Forum: Personal Finance (Not Investing)
Topic: Solo 401(k) Required Minimum Distributions
Replies: 4
Views: 296

Re: Solo 401(k) Required Minimum Distributions

My father's solo 401K is forcing RMDs, I don't know if there is a workaround, but by default, you will be stuck with them.
by JamesSFO
Wed Mar 27, 2019 10:46 am
Forum: Investing - Theory, News & General
Topic: Dave Ramsey's Advice - Evaluated with Actual Returns from His Company's 401K
Replies: 101
Views: 13186

Re: Dave Ramsey's Advice - Evaluated with Actual Returns from His Company's 401K

Your premise is a strawman. I’ve never heard anyone call DR a con man or a sleazy crook. I have heard them say his investing advice is horrible, which it is in my opinion. That said, as you point out, AFs are pretty good active funds, or at least they have had a good track record. Future is unknowa...
by JamesSFO
Tue Mar 26, 2019 1:55 pm
Forum: Investing - Theory, News & General
Topic: Dave Ramsey's Advice - Evaluated with Actual Returns from His Company's 401K
Replies: 101
Views: 13186

Re: Dave Ramsey's Advice - Evaluated with Actual Returns from His Company's 401K

Anyone following his recommendations to go to an ELP and invest in front-loaded funds has, on average, seen returns in the same ballpark as the “keep expenses low” crowd. Wait a second? After losing 5.75% of my investment to a front-end load, I only get parity? That's some odd math to me to say we ...
by JamesSFO
Mon Mar 25, 2019 5:47 pm
Forum: Personal Investments
Topic: Can I roll over one of two Roth 401(k)s?
Replies: 3
Views: 194

Re: Can I roll over one of two Roth 401(k)s?

laketrout wrote:
Mon Mar 25, 2019 5:43 pm
My question is: Can I do this without causing additional taxes, or does the pro-rata rule apply across both employer’s 401ks?
There is no general pro-rata rule involving 401k's, maybe you are confusing IRA->Roth rollovers where they treat ALL of your IRA's as participating on a pro rata basis.
by JamesSFO
Mon Mar 25, 2019 5:46 pm
Forum: Personal Investments
Topic: Can I roll over one of two Roth 401(k)s?
Replies: 3
Views: 194

Re: Can I roll over one of two Roth 401(k)s?

laketrout wrote:
Mon Mar 25, 2019 5:43 pm
I understand that due to the pro-rata rule, if I take a distribution or do a rollover, it will be a proportional combination of the three types of money.
I do not believe this is true. Check with your employer/plan documents, I believe you can just roll over the Roth subaccount.
by JamesSFO
Mon Mar 25, 2019 5:42 pm
Forum: Personal Investments
Topic: Fidelity - Screwups + Bad Customer Service
Replies: 19
Views: 2781

Re: Fidelity - Screwups + Bad Customer Service

I don't understand why Fidelity doesn't do penny deposits as a backup to link bank accounts like every other financial institution. It took them 3 weeks to add my accounts via EFT form. By then, I had lost interest with them and went with Schwab. Wish I knew, way slower than Vanguard or Schwab or a...
by JamesSFO
Mon Mar 18, 2019 4:03 pm
Forum: Personal Investments
Topic: Fidelity - Screwups + Bad Customer Service
Replies: 19
Views: 2781

Re: Fidelity - Screwups + Bad Customer Service

Now being told that this coming Thursday or Friday is the earliest I can expect EFT to be (re-)enabled. Sigh.
by JamesSFO
Fri Mar 15, 2019 2:36 pm
Forum: Personal Investments
Topic: Fidelity - Screwups + Bad Customer Service
Replies: 19
Views: 2781

Re: Fidelity - Screwups + Bad Customer Service

Btw, form was physically handed off Wednesday around 11am. Was not processed as of this morning. I called and they "accelerated processing" and the EFT will now be possible on Monday.
by JamesSFO
Thu Mar 14, 2019 9:07 am
Forum: Personal Investments
Topic: Fidelity - Screwups + Bad Customer Service
Replies: 19
Views: 2781

Re: Fidelity - Screwups + Bad Customer Service

Dialectical Investor wrote:
Thu Mar 14, 2019 7:52 am
And what form are they making you send in? Why can't you just set up the account again via the website?
It's their "EFT Authorization Form" and it is a fillable PDF that must be printed + signed (and sometimes get a medallion guarantee)
by JamesSFO
Thu Mar 14, 2019 9:06 am
Forum: Personal Investments
Topic: Fidelity - Screwups + Bad Customer Service
Replies: 19
Views: 2781

Re: Fidelity - Screwups + Bad Customer Service

I would check to make sure the name on the funding account didn’t change and matches what you have in Fidelity It did not, but even so then one would think their computers would be able to say, "hey mr James SFO our system rejected your account after N years because we think the names are mismatche...
by JamesSFO
Wed Mar 13, 2019 4:35 pm
Forum: Personal Investments
Topic: Fidelity - Screwups + Bad Customer Service
Replies: 19
Views: 2781

Re: Fidelity - Screwups + Bad Customer Service

Have you had successful transfers with fidelity account and bank account. I had successful weekly transfers to two fidelity accounts for the past 15 years. I added a third one late 2018, also weekly, without any issues. I set them up myself on the website. That's how I've done it everywhere else (V...
by JamesSFO
Wed Mar 13, 2019 4:34 pm
Forum: Personal Investments
Topic: Fidelity - Screwups + Bad Customer Service
Replies: 19
Views: 2781

Re: Fidelity - Screwups + Bad Customer Service

Dottie57 wrote:
Wed Mar 13, 2019 3:20 pm
Have you had successful transfers with fidelity account and bank account.
Previously, yes, they took away my bank account information and have no record and/or are unwilling/unable to look up what happened. No changes to my account in title.
by JamesSFO
Wed Mar 13, 2019 2:58 pm
Forum: Personal Investments
Topic: Fidelity - Screwups + Bad Customer Service
Replies: 19
Views: 2781

Fidelity - Screwups + Bad Customer Service

So Fidelity managed to unlink my bank account for both deposits and withdrawals. Called in was told they cannot look up what happened and tried to claim I had gotten the money in some other way. Ask how to fix. I must fill out a PDF form. I ask how to get them the form they say electronic secure sub...
by JamesSFO
Fri Mar 08, 2019 11:18 am
Forum: Personal Consumer Issues
Topic: Rules about non-exempt employee and training/conference attendance
Replies: 16
Views: 748

Re: Rules about non-exempt employee and training/conference attendance

Please indicate which (country and) state since the rules on this will be specific, e.g. California vs. New York vs. Texas
by JamesSFO
Thu Feb 21, 2019 7:55 am
Forum: Investing - Theory, News & General
Topic: NYT opinion piece calling for more investigation of index providers
Replies: 21
Views: 3642

Re: NYT opinion piece calling for more investigation of index providers

The paper author (Robertson) is making additional points that are non-S&P500 related: e.g. SEC rules calling for comparison to indices create 1-time indices for some funds that are not meaningful. I think she is slightly more concerned about the 1-off indices than the S&P500 problem per se. But she ...
by JamesSFO
Tue Feb 19, 2019 4:26 pm
Forum: Personal Consumer Issues
Topic: Question for gearheads on Honda Pilot/Passport reliability
Replies: 46
Views: 2424

Re: Question for gearheads on Honda Pilot/Passport reliability

I was a long-time Honda owner (5 vehicles). They used to be reliable, but after recent headaches with my Odyssey and Civic, I decided no more Hondas. I just went over to Toyota. I'm filing my lemon law complaint in the next few days and definitely turned off on Honda given their attitude towards th...
by JamesSFO
Tue Feb 19, 2019 4:14 pm
Forum: Personal Investments
Topic: Are traditional 401k's of any value from a tax perspective?
Replies: 43
Views: 2583

Re: Are traditional 401k's of any value from a tax perspective?

If you build a fairly simple apples-to-apples Excel/GSheet or similar you'll realize Roth vs. Traditional is mostly a bet on future tax rates. After much reflection and input from the folks here, I've ended up going traditional to the maximum extent possible now.
by JamesSFO
Tue Feb 19, 2019 2:24 pm
Forum: Investing - Theory, News & General
Topic: NYT opinion piece calling for more investigation of index providers
Replies: 21
Views: 3642

Re: NYT opinion piece calling for more investigation of index providers

Also I'm finding reading Robertson's papers linked by @MadHungarian quite illuminating. Certainly clarifies the issue more than the NYT piece did.
by JamesSFO
Tue Feb 19, 2019 2:18 pm
Forum: Investing - Theory, News & General
Topic: NYT opinion piece calling for more investigation of index providers
Replies: 21
Views: 3642

Re: NYT opinion piece calling for more investigation of index providers

edgeagg wrote:
Tue Feb 19, 2019 12:29 pm
The "Misuses of the S&P 500" is here in SSRN. The link for "Passive in Name Only" is correct - it makes for interesting reading as well.
Thanks!
by JamesSFO
Tue Feb 19, 2019 12:01 pm
Forum: Investing - Theory, News & General
Topic: NYT opinion piece calling for more investigation of index providers
Replies: 21
Views: 3642

Re: NYT opinion piece calling for more investigation of index providers

It might be worth reading the SSRN papers by Adriana Robertson that makes the following points: (1) An index fund such as the S&P 500 is a delegated entity driven by the composition of the underlying S&P 500 index. The constituents of the S&P 500 itself change according to the Index Committee. Cons...
by JamesSFO
Tue Feb 19, 2019 8:28 am
Forum: Investing - Theory, News & General
Topic: NYT opinion piece calling for more investigation of index providers
Replies: 21
Views: 3642

Re: NYT opinion piece calling for more investigation of index providers

It is intriguing to think about the degree to which the data providers/fund sponsors can create/manipulate some index construction (China example with MSCI proposed). But, for a broad base index, I'm not sure how real a problem this could ever be?
by JamesSFO
Tue Feb 12, 2019 12:38 pm
Forum: Personal Investments
Topic: Bank Needs my Annual income for a Money Market Account?
Replies: 10
Views: 1459

Re: Bank Needs my Annual income for a Money Market Account?

I've seen more of these questions even from CC companies where I've had relationships for years. Some of it is creep, some of it is interpretations of the USA Patriot Act/Know Your Customer, etc.
by JamesSFO
Thu Feb 07, 2019 9:37 pm
Forum: Personal Consumer Issues
Topic: Question for gearheads on Honda Pilot/Passport reliability
Replies: 46
Views: 2424

Re: Question for gearheads on Honda Pilot/Passport reliability

Btw I just got the official blow off from Honda, my only option is to sue them. PM me any recommended lemon lawyers in Northern California..
by JamesSFO
Wed Feb 06, 2019 9:39 pm
Forum: Personal Consumer Issues
Topic: Question for gearheads on Honda Pilot/Passport reliability
Replies: 46
Views: 2424

Re: Question for gearheads on Honda Pilot/Passport reliability

I've got issues with my 2019 Pilot and Honda America's attitude is that I can go f* myself... Dealer is trying to navigate with no success. I'm now in the never again a Honda camp... Sorry to hear that. I’m curious, what are your issues? Mine has to do with the computer systems and they've replaced...
by JamesSFO
Wed Feb 06, 2019 9:23 pm
Forum: Personal Consumer Issues
Topic: Question for gearheads on Honda Pilot/Passport reliability
Replies: 46
Views: 2424

Re: Question for gearheads on Honda Pilot/Passport reliability

I've got issues with my 2019 Pilot and Honda America's attitude is that I can go f* myself... Dealer is trying to navigate with no success. I'm now in the never again a Honda camp...
by JamesSFO
Tue Feb 05, 2019 10:31 am
Forum: Personal Finance (Not Investing)
Topic: Tax consequences of compromising a client’s bill
Replies: 12
Views: 673

Re: Tax consequences of compromising a client’s bill

If your mom's practice is a cash-based business, she did not have income to deduct. Attorney here with cash-based firm, I would not send a 1099 and I would not try to deduct, mom only has $50K of income. It sucks to lose out on money for your time and by the same token this is just an adjustment of ...
by JamesSFO
Wed Jan 30, 2019 3:51 am
Forum: Personal Investments
Topic: Vanguard Changed Account from Mutual Fund to Brokerage Account
Replies: 15
Views: 1802

Re: Vanguard Changed Account from Mutual Fund to Brokerage Account

It would have been helpful had they sent out explanatory letters to everyone explaining the nature of the "upgrade": why they were doing it, expected benefit to customers, etc. It seems that they were kind of sneaky about it! I do wonder what their motivations were. There has not been paper mail to...
by JamesSFO
Tue Jan 29, 2019 1:12 pm
Forum: Personal Investments
Topic: Vanguard Changed Account from Mutual Fund to Brokerage Account
Replies: 15
Views: 1802

Re: Vanguard Changed Account from Mutual Fund to Brokerage Account

Does anyone know how this might have happened and/or what is going on? Most likely your husband clicked on a button that said "Convert Now" or "Upgrade Now". It seems very unlikely that Vanguard would just convert customers since there are different regulatory regimes covering brokerage vs. mutual ...
by JamesSFO
Thu Jan 24, 2019 6:44 pm
Forum: Personal Investments
Topic: Buy pacific gas and electric?
Replies: 44
Views: 4424

Re: Buy pacific gas and electric?

SarahS wrote:
Thu Jan 24, 2019 6:40 pm
What do y’all think?
I have not studied the BK filings in detail, but often in a bankruptcy existing shareholders have the value of their equity pushed out/down. It seems to be a lot of concentrated risk given your friend is also employed there.
by JamesSFO
Tue Jan 22, 2019 8:08 pm
Forum: US Chapters
Topic: San Francisco Mid Peninsula, California Chapter
Replies: 42
Views: 6372

Re: San Francisco Mid Peninsula, California Chapter Interest?

About 10 of us met. We decided to keep meeting in Millbrae on the third Thursday of each month. But, probably in another location next time. We had a brief talk about buying CDs from banks and in the secondary market. Questions were asked and other topics discussed. Everyone decided to do it again....
by JamesSFO
Mon Jan 21, 2019 5:27 pm
Forum: Investing - Theory, News & General
Topic: Why brokers don’t support auto invest ETF, but can do it with dividends.
Replies: 16
Views: 1501

Re: Why brokers don’t support auto invest ETF, but can do it with dividends.

Sharebuilder did this ~15-20 years ago for individual stocks and others have pointed out the robo advisors do it, so my guess is a mix of (i) some extra potential liability so they want to charge for it in some fashion and (ii) customer segmentation (e.g. get fees where they can or some such)
by JamesSFO
Wed Jan 16, 2019 5:59 pm
Forum: Investing - Theory, News & General
Topic: John Bogle has died at age 89
Replies: 856
Views: 50843

Re: John Bogle is dead at 89

Saddened, what a great contribution to society.