Search found 3197 matches

by JamesSFO
Tue Nov 05, 2019 9:25 pm
Forum: Investing - Theory, News & General
Topic: Help me recommend funds to our 457 provider
Replies: 6
Views: 202

Re: Help me recommend funds to our 457 provider

Maybe focus on getting the expensive S&P500 replaced and a cheaper total US bond fund?
by JamesSFO
Fri Nov 01, 2019 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: California - Protecting Assets - Beyond Umbrella Insurance
Replies: 17
Views: 1843

Re: California - Protecting Assets - Beyond Umbrella Insurance

In summary, now that I've looked into this, I think in California the best bet for me would be: - The usual home and auto etc insurance - Umbrella insurance for everything else except... - Professional Liability (Errors and Omissions) insurance for copyrights Maybe with these and a high enough poli...
by JamesSFO
Thu Oct 31, 2019 9:27 am
Forum: Personal Finance (Not Investing)
Topic: California - Protecting Assets - Beyond Umbrella Insurance
Replies: 17
Views: 1843

Re: California - Protecting Assets - Beyond Umbrella Insurance

So an LLC with just one owner/employee (me) doesn't work as well? LLC with one owner works. And you can get a "full" 401(K) offering for it AFAIK. The issue is that the general LLC liability shield helps in some cases but not others. Example 1: LLC misuses copyrights unintentionally. In all likelih...
by JamesSFO
Wed Oct 30, 2019 7:44 pm
Forum: Personal Finance (Not Investing)
Topic: California - Protecting Assets - Beyond Umbrella Insurance
Replies: 17
Views: 1843

Re: California - Protecting Assets - Beyond Umbrella Insurance

OJ Simpson thing misses the point, at the time he did it he was going for the unlimited homestead exemption in FL/TX. Agree that CA is less protective of some retirement accounts, the OP was a bit ambiguous. My LLC has a full on 401K so I'm less concerned though I do have a Roth IRA... ...overall, t...
by JamesSFO
Wed Oct 30, 2019 5:49 pm
Forum: Personal Finance (Not Investing)
Topic: California - Protecting Assets - Beyond Umbrella Insurance
Replies: 17
Views: 1843

Re: California - Protecting Assets - Beyond Umbrella Insurance

California doesn't protect retirement assets from creditors for sole proprietors unlike some other states :confused Can you explain/unpack what you mean by this? CA professional here, have my business in an LLC + have various insurance for the LLC including specific professional liability insurance.
by JamesSFO
Thu Oct 17, 2019 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone used MySolo401k.com, DiscountSolo401k.com, or Solo401k.com?
Replies: 110
Views: 5810

Re: Has anyone used MySolo401k.com, DiscountSolo401k.com, or Solo401k.com?

Sure! Very familiar with that, didn't have the context that a mega-backdoor was a key feature for you. One point though, EMPLOY EE contributions are $19K capped, but you can make an EMPLOY ER contribution into any of the other plans that can bring the total to the $56K limit depending on your busine...
by JamesSFO
Thu Oct 17, 2019 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone used MySolo401k.com, DiscountSolo401k.com, or Solo401k.com?
Replies: 110
Views: 5810

Re: Has anyone used MySolo401k.com, DiscountSolo401k.com, or Solo401k.com?

Vanguard has a basically $0 solo401K (no rollovers in allowed, but both roth traditional).

Fidelity I think also has a $0 one that accepts rollovers but last I recall didn't do roth

Why not use one of those two? Or Schwab's offering?
by JamesSFO
Mon Oct 14, 2019 12:21 pm
Forum: Personal Consumer Issues
Topic: Business deduction: How to deduct mortgage interest for business when loan is in personal name?
Replies: 3
Views: 387

Re: Business deduction: How to deduct mortgage interest for business when loan is in personal name?

FWIW, I've gotten conflicting advice from CPAs on this. Our current CPA said the HELOC I used to temporarily fund a loan would not be deductible and the new CPA we had hired said it would be... YMMV.
by JamesSFO
Sun Oct 13, 2019 7:42 am
Forum: Personal Finance (Not Investing)
Topic: Disadvantages to 401k Rollover into an IRA
Replies: 12
Views: 1451

Re: Disadvantages to 401k Rollover into an IRA

Duckie wrote:
Sat Oct 12, 2019 8:37 pm
JamesSFO wrote:Biggest one for many is that you effectively cannot do a backdoor Roth IRA (if needed) without paying pro rata taxes on that IRA money.
With a SEP IRA at his new job he'll have a pro-rata problem even if he doesn't roll the 401k over to an IRA.
Good catch, I missed that on the first read.
by JamesSFO
Sat Oct 12, 2019 7:14 am
Forum: Personal Finance (Not Investing)
Topic: Disadvantages to 401k Rollover into an IRA
Replies: 12
Views: 1451

Re: Disadvantages to 401k Rollover into an IRA

Biggest one for many is that you effectively cannot do a backdoor Roth IRA (if needed) without paying pro rata taxes on that IRA money. Others may include lack of access to a loan (generally frowned upon here, but it is a loss) Prior to hitting the income level where I needed to backdoor into Roths,...
by JamesSFO
Sat Oct 05, 2019 1:52 pm
Forum: Personal Investments
Topic: 401 K match
Replies: 25
Views: 2206

Re: 401 K match

I'm not sure how they can take the match from your salary. Is it possible you've misunderstood the summary plan description? AFAIK, all 401K matches have to be from the employer (ER) side not the employee (EE) side, but perhaps the HCE aspect is in play? Are you an HCE and subject to this issue? May...
by JamesSFO
Wed Oct 02, 2019 10:09 pm
Forum: Investing - Theory, News & General
Topic: If you use Vanguard (Brokerage), why do you stay?
Replies: 58
Views: 6640

Re: If you use Vanguard (Brokerage), why do you stay?

So historically I trade stocks 1-2x/year and the Vanguard site is fine for that (I also have Fidelity.) With that low frequency it’s sort of a rounding error whether I paid a commission (don’t because Flagship and get 25 free), or not. My guess is these changes are much more attractive to folks who ...
by JamesSFO
Mon Sep 23, 2019 10:13 am
Forum: Personal Investments
Topic: Current 401K does not allow rollover
Replies: 12
Views: 721

Re: Current 401K does not allow rollover

Lobby your employer for a better plan. See link below. https://www.bogleheads.org/wiki/How_to_campaign_for_a_better_401(k)_plan Good luck to you. Just to be clear to the OP, there is no amount of lobbying that is likely to enable "in service" (e.g. while employed) IRA rollovers of traditional funds.
by JamesSFO
Sun Sep 15, 2019 8:27 pm
Forum: Personal Investments
Topic: solo 401(k)
Replies: 5
Views: 450

Re: solo 401(k)

VG solo401K is fine, cannot accept rollovers from IRAs but does offer a Roth option.

Keep in mind if you already did your Simple contributions for 2019 you might want to check professional tax advice about also establishing a 401K until 2019 vs. 2020.
by JamesSFO
Sat Sep 14, 2019 9:02 am
Forum: Investing - Theory, News & General
Topic: Fidelity beating vanguard now? switch to Fidelity?
Replies: 121
Views: 6054

Re: Vanguard is Falling Behind Compared to Fidelity

I've had problems with Fidelity (lost my bank acount had to wait on hold long times, no efforts to bend over backwards), etc. YMMV

I don't think VG is perfect, but neither is Fidelity nor Schwab (all of which I've had issues with)
by JamesSFO
Wed Sep 04, 2019 5:57 pm
Forum: Personal Investments
Topic: Capital Gain Tax Strategies
Replies: 16
Views: 1852

Re: Capital Gain Tax Strategies

hicabob wrote:
Wed Sep 04, 2019 5:56 pm
To move out of the US you need to move to a tax free state first and get residency else the dreaded "California Tax Claw" will get you for CA income tax whilst you are in France. NV or WA work.
This ^. You will need to establish residency in another state before leaving the country.
by JamesSFO
Fri Aug 30, 2019 11:27 am
Forum: Personal Finance (Not Investing)
Topic: Should I do backdoor roth
Replies: 7
Views: 437

Re: Should I do backdoor roth

Backdoor Roth implies you cannot make a contribution directly to a Roth.
by JamesSFO
Wed Aug 21, 2019 6:31 pm
Forum: Personal Investments
Topic: Vanguard MM 10-day hold on written checks
Replies: 25
Views: 2034

Re: Vanguard MM 10-day hold on written checks

Has anyone else heard of a 10-day hold imposed on Prime MM checks presented to banks? This is purely going to be the receiving bank's decision and likely a blend of issues around: federal reserve routing # (e.g. out of area), dollar amount of the check, the contractor's account status (e.g. new acc...
by JamesSFO
Thu Aug 15, 2019 4:45 pm
Forum: Investing - Theory, News & General
Topic: GE shares tank more than 13% after Madoff whistleblower calls it a ‘bigger fraud than Enron'
Replies: 101
Views: 10910

Re: GE shares tank more than 13% after Madoff whistleblower calls it a ‘bigger fraud than Enron'

The 175-page report is worth a read. Some of the slides/graphs could be more helpful but overall quite clear.
by JamesSFO
Fri Aug 02, 2019 6:08 am
Forum: Personal Finance (Not Investing)
Topic: Can I have i-401k and t-IRA ?
Replies: 4
Views: 244

Re: Can I have i-401k and t-IRA ?

Couple of different concepts being mixed in here, but in general if you have a 401K at work (including an individual 401K) then you cannot deduct your traditional IRA contributions.
by JamesSFO
Fri Jun 21, 2019 10:51 am
Forum: Personal Finance (Not Investing)
Topic: How much is your guys’ fees for your 401k?
Replies: 96
Views: 5850

Re: How much is your guys’ fees for your 401k?

Small business owner here, we cover 100% of the fees for our employees (self included) and have admiral shares in our plan so employees pay nothing (Vanguard/Ascensus plan). I think the only fee is if a participant requests a rollover there is like a $50 charge. But that's a one time event and with ...
by JamesSFO
Fri Jun 07, 2019 4:14 pm
Forum: Personal Investments
Topic: I Bonds & Revocable Living Trust
Replies: 11
Views: 1959

Re: I Bonds & Revocable Living Trust

gbronc wrote:
Thu Jun 06, 2019 12:42 pm
...then transferred ...
Yeah don't transfer the funds.
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: 621

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: 621

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: 2431

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: 1198

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: 7125

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: 2216

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: 2216

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: 14006

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: 14006

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: 14006

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: 759

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: 759

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: 7713

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: 759

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: 238

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: 238

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: 7713

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: 352

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: 14006

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: 14006

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: 254

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: 254

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: 2991

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: 2991

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: 2991

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: 2991

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: 2991

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: 2991

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...