Search found 3219 matches

by JamesSFO
Mon Mar 16, 2020 10:08 am
Forum: Personal Consumer Issues
Topic: Are you still going to the gym ...
Replies: 210
Views: 12388

Re: Are you still going to the gym ...

As of this AM, LA County has closed all gyms and fitness studios
by JamesSFO
Fri Feb 14, 2020 9:33 pm
Forum: Personal Finance (Not Investing)
Topic: 1 yr ban of 401K contribution?
Replies: 66
Views: 7061

Re: 1 yr ban of 401K contribution?

The reasons are certainly rational, but that doesn't imply it is the best solution. I never claimed there weren't legitimate reasons to do things that way, just that it was a subpar solution to the problem they were trying to solve . They are free to implement poor solutions even though better solu...
by JamesSFO
Fri Feb 14, 2020 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: 1 yr ban of 401K contribution?
Replies: 66
Views: 7061

Re: 1 yr ban of 401K contribution?

You keep approaching this problem from the perspective of a responsible saver who has the means and wants to save towards his retirement. That's great, and this is exactly what this forum is all about. The problem, however, is that for a number of reasons the vast majority of the populat[ion] I am ...
by JamesSFO
Fri Feb 14, 2020 12:01 pm
Forum: Investing - Theory, News & General
Topic: Fidelity lets clients now trade fractional shares of stocks and ETFs
Replies: 174
Views: 16035

Re: Fidelity lets clients now trade fractional shares of stocks and ETFs

It's now available to me in mobile only when I did "quick trade".
by JamesSFO
Wed Feb 05, 2020 8:43 am
Forum: Personal Finance (Not Investing)
Topic: Best in Class 401k Providers (Recordkeeping and Advisor) - Recommendations Please!
Replies: 4
Views: 402

Re: Best in Class 401k Providers (Recordkeeping and Advisor) - Recommendations Please!

Given that you have ~0.8-0.9% in fees on top of the funds that sounds atrociously expensive. All of the Fido 401Ks I've had did not have such exorbitant fees so start with getting those down. Our small business ~$1M in the 401K has a Vanguard/Ascensus 401K which we pay $3K/year for out of the busine...
by JamesSFO
Tue Jan 21, 2020 2:09 pm
Forum: Investing - Theory, News & General
Topic: ETF to Hold for 50 Years
Replies: 118
Views: 10417

Re: ETF to Hold for 50 Years

What is the goal for the money when the trust ends? For example, in a remaining A/B style-trust, one might try to get lots of dividends on the B side...
by JamesSFO
Sun Jan 19, 2020 7:35 pm
Forum: Personal Investments
Topic: Investor/Admiral Shares
Replies: 6
Views: 978

Re: Investor/Admiral Shares

My understanding is that they are not super quick to convert back from discussions here. Further, the general wisdom here is if the funds fall because of a market correction they might just let it ride. But if you withdraw they will give you a timetable at some point. Luckily it is not a taxable eve...
by JamesSFO
Wed Jan 15, 2020 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: PSA: CA 529 Scholarshare Online account needs to be restablished
Replies: 3
Views: 266

Re: PSA: CA 529 Scholarshare Online account needs to be restablished

The needing the account # part is a key point, I went and printed some statements to help myself in two weeks.
by JamesSFO
Mon Jan 13, 2020 7:56 pm
Forum: Personal Finance (Not Investing)
Topic: Exceeded 403b By Tiny Amount
Replies: 13
Views: 1128

Re: Exceeded 403b By Tiny Amount

Did that 0.02 go into 2019 Employee Contributions or 2019 After Tax Contributions or somewhere else? What does the W2 say?
by JamesSFO
Thu Jan 09, 2020 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: 1 yr ban of 401K contribution?
Replies: 66
Views: 7061

Re: 1 yr ban of 401K contribution?

...If we were talking about administrative salaried positions, I would agree a one year delay would be a competitive detriment. I didn't say it was a competitive detriment. I said there was no compelling reason to delay eligibility other than laziness. There's no administrative burden or cost disad...
by JamesSFO
Thu Jan 09, 2020 6:27 pm
Forum: Personal Investments
Topic: contributed too much to Roth 401k in 2019
Replies: 15
Views: 1059

Re: contributed too much to Roth 401k in 2019

Btw OP did you check if it went into a different sub account, e.g. after-tax contribution, which can then be rolled out to do a mega-backdoor Roth?
by JamesSFO
Thu Jan 02, 2020 10:44 am
Forum: Investing - Theory, News & General
Topic: Vanguard Continues to Lower the Cost of Investing with Expansion of Commission-Free Platform Beyond ETF
Replies: 72
Views: 5302

Re: Vanguard Cuts Trading Commissions to Zero

:sharebeer

Woot, so my already ~1-ish trade a year which was free for Flagship is now free...
by JamesSFO
Wed Jan 01, 2020 12:56 pm
Forum: Investing - Theory, News & General
Topic: OFFICIAL REGISTRATION FOR THE 2020 BOGLEHEAD CONTEST
Replies: 684
Views: 20521

Re: OFFICIAL REGISTRATION FOR THE 2020 BOGLEHEAD CONTEST

I'm putting in for my usual 8% guess: 3392
by JamesSFO
Wed Dec 25, 2019 3:17 pm
Forum: Investing - Theory, News & General
Topic: Question about SECURE and no more stretch IRAs
Replies: 50
Views: 3763

Re: Question about SECURE and no more stretch IRAs

Inherited after 1/1/2020... So if you have anyone on the doorstep of death hurry them along? :confused
by JamesSFO
Wed Dec 25, 2019 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: Exceeded 403b By Tiny Amount
Replies: 13
Views: 1128

Re: Exceeded 403b By Tiny Amount

Might pay to ask HR/payroll about this? Also did the $0.02 go into an after-tax account (e.g. perhaps her employer supports mega back door ROTHs)
by JamesSFO
Tue Dec 24, 2019 8:32 am
Forum: Personal Investments
Topic: Vanguard won't fix IRA misclassification [solved]
Replies: 43
Views: 4354

Re: Vanguard won't fix IRA misclassification

charlesmont wrote:
Mon Dec 23, 2019 5:01 pm
JamesSFO wrote:
Wed Dec 18, 2019 10:49 am
Just wondering if the OP had any luck/progress here.
Yes, James, please see above.
Sorry it took so much effort but glad you had a positive outcome
by JamesSFO
Thu Dec 19, 2019 11:33 am
Forum: Personal Investments
Topic: Change from Regular 401K To Roth 401K question
Replies: 13
Views: 474

Re: Change from Regular 401K To Roth 401K question

Second question answered first: You can usually switch pay period to pay period at many companies First question: Why not mix things up by maxing out a Roth IRA (or do a backdoor to do so) it gives you the mix of tax advantaged accounts without losing the deduction for your 401k. More generally we n...
by JamesSFO
Wed Dec 18, 2019 10:49 am
Forum: Personal Investments
Topic: Vanguard won't fix IRA misclassification [solved]
Replies: 43
Views: 4354

Re: Vanguard won't fix IRA misclassification

Just wondering if the OP had any luck/progress here.
by JamesSFO
Tue Dec 10, 2019 3:30 pm
Forum: Personal Investments
Topic: Are FXNAX and VBTLX substantially identical?
Replies: 15
Views: 1525

Re: Are FXNAX and VBTLX substantially identical?

aiyuanuc wrote:
Tue Dec 10, 2019 1:24 pm
Does anybody do this and think it's a non-issue?
Robo advisors are doing many trades like this. Check out what ETF pairs Welathfront or Schwab, etc are using. I don't know if they use those specific funds.
by JamesSFO
Mon Dec 09, 2019 5:36 am
Forum: Personal Investments
Topic: Vanguard won't fix IRA misclassification [solved]
Replies: 43
Views: 4354

Re: Vanguard won't fix IRA misclassification

The problem is at TIAA. You're asking VGI to fix something that is not their fault. The Annuity is not an IRA, you want them to transfer and change the asset in type and title at the same time. It should have been done in 2 steps and it should have been retitled before being transferred. SInce you'...
by JamesSFO
Mon Dec 09, 2019 5:34 am
Forum: Personal Investments
Topic: Vanguard won't fix IRA misclassification [solved]
Replies: 43
Views: 4354

Re: Vanguard won't fix IRA misclassification

Vanguard has serious customer service issues that are likely reflective of leadership issues. Low cost comes with some problems. I wish you the best. This is completely uncalled for in this thread. There is no evidence yet that vanguard has made any errors. The OP is getting specific help on what u...
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: 254

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: 2106

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: 2106

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: 2106

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: 2106

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: 147
Views: 10501

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: 147
Views: 10501

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: 468

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: 1634

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: 1634

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: 2550

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: 7255

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: 780

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: 500

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: 7032

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: 1943

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: 463

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: 2114

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: 11547

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: 268

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: 6312

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: 2159

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: 676

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: 676

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: 2602

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: 1256

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: 7554

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: 2307

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...