Search found 3044 matches

by JamesSFO
Sun Jul 15, 2018 6:06 pm
Forum: Personal Finance (Not Investing)
Topic: Are Credit Cards Actually Convenient?
Replies: 65
Views: 3675

Re: Are Credit Cards Actually Convenient?

I had one card from Chase (ultimately closed) that got "hypersensitive" (my term). Basically, after one attempt at an international purchase online it was perpetually stuck being flagged for fraud, even in person at an Apple Store. (1x/day!!!!!) So the OP's experience can happen. My current credit u...
by JamesSFO
Sat Jul 14, 2018 3:01 pm
Forum: Investing - Theory, News & General
Topic: Vanguard to offer non-Vanguard ETFs commission-free
Replies: 120
Views: 9120

Re: Vanguard to offer non-Vanguard ETFs commission-free

Six minute video (or transcript too) from Vanguard about why they did this: https://investornews.vanguard/why-were-lowering-the-cost-of-investing-in-etfs/ What stood out to me: But in this instance, the point is bolstered by research—both our own research and market research— which indicates that wh...
by JamesSFO
Fri Jul 13, 2018 9:17 pm
Forum: Investing - Theory, News & General
Topic: [Backdoor Roth IRA - Forbes: IRS Unlocks The 'Door' For High-Income Savers]
Replies: 7
Views: 1457

Re: Backdoor Roth IRA article

The main point of interest I saw, someone from the IRS (Donald Kieffer Jr., a tax law specialist with the IRS’s Tax-Exempt and Government Entities Division) saying: “I think the IRS’s only caution would be whenever we see words like ‘back door’ or ‘workaround’ or other step transactions that are put...
by JamesSFO
Sun Jul 08, 2018 5:01 am
Forum: Personal Finance (Not Investing)
Topic: Borrow for BigLaw Partnership Buy-in?
Replies: 26
Views: 3987

Re: Borrow for BigLaw Partnership Buy-in?

Just one reminder, depending on how your firm works the first ~2-4 years as a junior partner you may make less than you did as a senior associate.
by JamesSFO
Fri Jul 06, 2018 12:51 pm
Forum: Investing - Theory, News & General
Topic: Vanguard to offer non-Vanguard ETFs commission-free
Replies: 120
Views: 9120

Re: Vanguard to offer non-Vanguard ETFs commission-free

Not sure if this has been discussed but in the fine print it says: “When buying or selling an ETF, you will pay or receive the current market price, which may be more or less than net asset value.” Does this mean Vanguard will only accept market orders for non Vanguard commission free ETFs? If so t...
by JamesSFO
Fri Jul 06, 2018 5:16 am
Forum: Investing - Theory, News & General
Topic: Vanguard to offer non-Vanguard ETFs commission-free
Replies: 120
Views: 9120

Re: Vanguard to offer non-Vanguard ETFs commission-free

Curious to see where this goes. Nice move by vanguard.
by JamesSFO
Thu Jun 28, 2018 8:04 pm
Forum: Investing - Help with Personal Investments
Topic: Can I TLH QQQ and pick up VTI, IVV, VOO...
Replies: 26
Views: 1793

Re: Can I TLH QQQ and pick up VTI, IVV, VOO...

It was my impression that they did contain 500 all components in a particular proportion that approximated the index. ... Nope. Not to my knowledge or when I looked at them last for SPY vs. IVV. Very similar but not the same, and due to unit redemption/creation PLUS day to day trading and timing of...
by JamesSFO
Thu Jun 28, 2018 7:07 pm
Forum: Investing - Help with Personal Investments
Topic: Can I TLH QQQ and pick up VTI, IVV, VOO...
Replies: 26
Views: 1793

Re: Can I TLH QQQ and pick up VTI, IVV, VOO...

Thanks for the links. From what I saw, there are very few SP500 funds mentioned, and none that swapped one market cap weighed SP500 fund for another. I don't think these roboadvisors want to be the test case for the IRS. :confused There are many examples of Total Stock funds that are market cap wei...
by JamesSFO
Thu Jun 28, 2018 1:14 am
Forum: Investing - Help with Personal Investments
Topic: Can I TLH QQQ and pick up VTI, IVV, VOO...
Replies: 26
Views: 1793

Re: Can I TLH QQQ and pick up VTI, IVV, VOO...

Is there a list? Any of the roboadvisors doing IVV/SPY/VOO? If that passes the test, we're all home free. But it's good company to be doing what all these roboadvisor are doing, so if there is a crackdown, they're big fish to fry. Schwab Intelligent Portfolios lists their pairs: https://intelligent...
by JamesSFO
Wed Jun 27, 2018 11:09 pm
Forum: Investing - Help with Personal Investments
Topic: Can I TLH QQQ and pick up VTI, IVV, VOO...
Replies: 26
Views: 1793

Re: Can I TLH QQQ and pick up VTI, IVV, VOO...

Are you saying there's case law on the matter or there not even looking? I haven't paid that much attention, but haven't come across any such decisions. Then again, I'm not aware of anyone actually trying such similar funds much less advertising the matter and looking for trouble. Almost every robo...
by JamesSFO
Fri Jun 22, 2018 12:00 am
Forum: Personal Finance (Not Investing)
Topic: Yet another CP2000 for Roth IRA conversion thread
Replies: 25
Views: 2340

Re: Yet another CP2000 for Roth IRA conversion thread

I got an acknowledgment of my CPA's filing in response to the CP2000, but no decision. Annoying and slow.
by JamesSFO
Mon Jun 18, 2018 9:41 am
Forum: Investing - Theory, News & General
Topic: Is individual Bonds better than Bond Fund?
Replies: 32
Views: 2328

Re: Is individual Bonds better than Bond Fund?

Suze has a lot of good advice; this is one thing I think she spreads too much FUD about. There are some reasons to hold a bond ladder (e.g., liability matching portfolio); however, more generally, a diversified bond fund is excellent.
by JamesSFO
Sat Jun 16, 2018 6:29 pm
Forum: Personal Consumer Issues
Topic: Should I take possession of a certified mail?
Replies: 151
Views: 16698

Re: Should I take possession of a certified mail?

To the best of my knowledge this particular process is limited to construction and may vary by state. Despite being a California lawyer, I'm not sure the interpretation about opening the certified mail you (or someone on this thread) was giving was correct (again not legal advice...) See: https://l...
by JamesSFO
Fri Jun 15, 2018 6:08 pm
Forum: Personal Consumer Issues
Topic: Should I take possession of a certified mail?
Replies: 151
Views: 16698

Re: Should I take possession of a certified mail?

I'm curious. (Aside am a lawyer, not providing legal advice, but I struggle to see an advantage to NOT obtaining the letter. If this person is mad at you might as well learn exactly what they are up to.)
by JamesSFO
Sun Jun 10, 2018 8:34 am
Forum: Investing - Theory, News & General
Topic: Portfolio analyzer that shows underlying stocks
Replies: 5
Views: 274

Re: Portfolio analyzer that shows underlying stocks

Is there a portfolio analysis tool anywhere that will show you the actual underlying stocks owned if you own a mutual fund? I am trying to analyze a portfolio run by a financial advisor that holds about 60 mutual funds. I'm trying to show that the funds are probably redundant and/or overlapping but...
by JamesSFO
Sun Jun 10, 2018 8:31 am
Forum: Investing - Help with Personal Investments
Topic: High expense ratios in Vanguard 401k
Replies: 16
Views: 1466

Re: High expense ratios in Vanguard 401k

Thanks Spirit Rider. Not knowing much about the 401k industry, I assumed my employer was dealing with Vanguard directly. But it sounds like they are likely using a third party administrator. I'm a little surprised that Vanguard thinks it is ok for third parties to sell overpriced funds in 401k plan...
by JamesSFO
Thu Jun 07, 2018 8:29 am
Forum: Investing - Theory, News & General
Topic: Vanguard's own 401k plan eliminating S&P 500 Index option!
Replies: 86
Views: 7726

Re: Vanguard's own 401k plan eliminating S&P 500 Index option!

Is there some reason for 401k plans to have such limited choices? Why doesn't Vanguard (or any employer) just let you pick whatever funds you want? The empirical evidence is that this tends to suppress participation in the plan for the average Jane/Joe. Default enrollment (opt out) into target fund...
by JamesSFO
Thu Jun 07, 2018 7:00 am
Forum: Personal Finance (Not Investing)
Topic: Question on RMD Example From IRS.GOV
Replies: 3
Views: 364

Re: Question on RMD Example From IRS.GOV

I think you may be missing a not from your question, also not sure how the examples relate to Roth conversions. Either way, your RMD for a given year is based on your (traditional) IRA balance for the 12/31 on the prior year. So if on 12/31/2017 your traditional IRA balance is $0 then your RMDs for ...
by JamesSFO
Thu Jun 07, 2018 6:54 am
Forum: Personal Finance (Not Investing)
Topic: Can a Retired 60 yo MD, MBA Start a Law Career?
Replies: 276
Views: 13992

Re: Can a Retired 60 yo MD, MBA Start a Law Career?

I have no experience with law but I can easily see OP being very valuable to firms that deal with litigation pertaining to the medical field (a huge industry as we all know) as also as patent attorney. Not easy, but the very fact OP is even open to considering 11-12 hour work days at this age means...
by JamesSFO
Wed Jun 06, 2018 11:31 pm
Forum: Investing - Help with Personal Investments
Topic: I Bonds & Revocable Living Trust
Replies: 7
Views: 876

Re: I Bonds & Revocable Living Trust

But what is the purpose of having a trust if you are purchasing $10,000 per SS outside of the trust? Well, my "JamesSFO Individual Account" is actually in my trust as far as the state of California is concerned, I have my list of assets in the trust and that account is listed out in and has been no...
by JamesSFO
Tue Jun 05, 2018 10:39 pm
Forum: Personal Finance (Not Investing)
Topic: Can a Retired 60 yo MD, MBA Start a Law Career?
Replies: 276
Views: 13992

Re: Can a Retired 60 yo MD, MBA Start a Law Career?

Fascinating thread and the OP has received a lot of good advice.
by JamesSFO
Sun Jun 03, 2018 10:40 am
Forum: Investing - Theory, News & General
Topic: Schwab Intelligent Portfolio vs. Schwab Target Fund
Replies: 85
Views: 9123

Re: Schwab Intelligent Portfolio vs. Schwab Target Fund

Having only been trying the product for <1 month it is hard to say much more about it. I think if I were going to do a roboadvisor (which I am :D) then picking Schwab for 0 additional direct fees (yes the cash drag) would be my choice. Do you think the Schwab robo offers something better than the i...
by JamesSFO
Sun Jun 03, 2018 9:06 am
Forum: Investing - Theory, News & General
Topic: Schwab Intelligent Portfolio vs. Schwab Target Fund
Replies: 85
Views: 9123

Re: Schwab Intelligent Portfolio vs. Schwab Target Fund

I recently decided to give the Intelligent Portfolios a try (I'm 99% invested 3 fund) for two reasons (1) try out Schwab's customer service (so far middling to disappointing) and (2) because I was curious about the intelligent portfolio product. I picked the most aggressive allocation and my weighte...
by JamesSFO
Fri Jun 01, 2018 11:08 am
Forum: Personal Finance (Not Investing)
Topic: Best Advice You Never Took
Replies: 100
Views: 13683

Re: Best Advice You Never Took

I would say I let my lifestyle creep up as my income went up and repeated it. It's not been disastrous, but I could probably have brought in my retirement a few years if I did it (still working)
by JamesSFO
Thu May 24, 2018 6:54 am
Forum: Personal Consumer Issues
Topic: Schwab - Bad New Customer Experience
Replies: 1
Views: 652

Re: Schwab - Bad New Customer Experience

Took two more contacts this morning to try and get bank transfer re-enabled, we shall see now.
by JamesSFO
Wed May 23, 2018 10:14 pm
Forum: Personal Consumer Issues
Topic: Schwab - Bad New Customer Experience
Replies: 1
Views: 652

Schwab - Bad New Customer Experience

So I decided somewhat on a whim and somewhat to try Schwab's praised services to give their Intelligent Portfolios a try. Opened account (personal revocable trust) online Sunday no problems. Got a call Monday AM that all was set and I was initially impressed. However, it's gone downhill from there: ...
by JamesSFO
Sun May 20, 2018 4:15 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Personal Advisory Services vs. Schwab Intelligent Advisory
Replies: 41
Views: 5050

Re: Vanguard Personal Advisory Services vs. Schwab Intelligent Advisory

Does Schwab have two similarly named offerings? The "Intelligent Portfolios" are $0 fee (https://intelligent.schwab.com/) and then "Intelligent Advisory" (https://www.schwab.com/public/schwab/investment_advice/intelligent_advisory) has a 0.28% AUM cap of $1.4M or so. Very similar names, but differen...
by JamesSFO
Sun May 20, 2018 10:23 am
Forum: Personal Consumer Issues
Topic: Apple Pay and Paypal
Replies: 8
Views: 740

Re: Apple Pay and Paypal

Short answer unless you can link your PayPal debit card to your Apple Pay, I don't think so.

Longer answer: I'm not 100% sure what you are trying to do
by JamesSFO
Wed May 16, 2018 1:29 am
Forum: Investing - Theory, News & General
Topic: This is Unbelievable - another Vanguard customer support odyssey
Replies: 59
Views: 12343

Re: This is Unbelievable - another Vanguard customer support odyssey

Yes but we're all too lazy to do that. Please summarize. Hmmm... The thing I noted is the positive comments about Vanguard are all over the place, in other words, little consistency, but the negative comments are relatively consistent. Two things stood out to me: 01) A number of CSRs expressed they...
by JamesSFO
Tue May 15, 2018 4:25 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Customer Service Improvement Incentive?
Replies: 12
Views: 1364

Re: Vanguard Customer Service Improvement Incentive?

(1) Don't assume that what you see on this forum is fully representative of experiences. This board likely over-presents the number of negative Vanguard interactions/problems relative to the customer base at large. (2) Vanguard has owned up to understaffing and is hiring (3) Even so, it takes time t...
by JamesSFO
Tue May 15, 2018 9:19 am
Forum: Personal Finance (Not Investing)
Topic: Can a <median household save 1 year of expenses every year?
Replies: 158
Views: 8503

Re: Can a <median household save 1 year of expenses every year?

This is an interesting thread I know it is only in the last few years (~20 years into my adult working life now) that I've been able to consistently save 1x my expenses/year. I have generally had jobs above the median income and no kids; however, live in a VHCOL area and had a mortgage for 15 of the...
by JamesSFO
Mon May 14, 2018 6:17 pm
Forum: Personal Consumer Issues
Topic: keyless ignitions and carbon monoxide
Replies: 83
Views: 5169

Re: keyless ignitions and carbon monoxide

They are easy to disable. I did so on the used outback we bought If I somehow disabled my push button start/stop, my truck would just be a lawn ornament henceforth. There's no other way to start the vehicle, without some custom aftermarket work. I believe you are misparsing, not disable push start/...
by JamesSFO
Mon May 14, 2018 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: Employee Fiduciary Update - 15 months in
Replies: 12
Views: 1512

Re: Employee Fiduciary Update - 15 months in

Interesting, thanks for sharing. We've had good luck with Ascensus/Vanguard. But even still have noticed mistakes where some of their year end projections do not match payroll submissions through their portal. I think at the end of the day running a 401K turns out to be harder than it seems like it ...
by JamesSFO
Mon May 14, 2018 7:36 am
Forum: Personal Consumer Issues
Topic: keyless ignitions and carbon monoxide
Replies: 83
Views: 5169

Re: keyless ignitions and carbon monoxide

They are easy to disable. I did so on the used outback we bought If I somehow disabled my push button start/stop, my truck would just be a lawn ornament henceforth. There's no other way to start the vehicle, without some custom aftermarket work. I believe you are misparsing, not disable push start/...
by JamesSFO
Mon May 14, 2018 7:34 am
Forum: Personal Finance (Not Investing)
Topic: Small company 401k plans
Replies: 42
Views: 2756

Re: Small company 401k plans

Not intending to hijack the thread but can someone recommend me the cheapest TPA and overall service for a sole prop with 2 partners set up as Qualified Joint Venture? There will only be 2 people who are partners and no employees. I got plenty of time so I would like to do the administrative work m...
by JamesSFO
Sat May 12, 2018 10:51 pm
Forum: Personal Finance (Not Investing)
Topic: Small company 401k plans
Replies: 42
Views: 2756

Re: Small company 401k plans

Not intending to hijack the thread but can someone recommend me the cheapest TPA and overall service for a sole prop with 2 partners set up as Qualified Joint Venture? There will only be 2 people who are partners and no employees. I got plenty of time so I would like to do the administrative work m...
by JamesSFO
Sat May 12, 2018 10:50 pm
Forum: Personal Finance (Not Investing)
Topic: Small company 401k plans
Replies: 42
Views: 2756

Re: Small company 401k plans

I will put in for Vanguard/Ascensus, all customer support is through Ascensus and they are great. Since we are a small employer and I am one of the owners and have the largest plan balance get most of the benefit from NOT having an 8 basis point fee on funds (Employee Fiduciary) and others charge. O...
by JamesSFO
Fri May 11, 2018 11:38 am
Forum: Investing - Help with Personal Investments
Topic: Backdoor ROTH for 1 Year Only? Worth It?
Replies: 12
Views: 704

Re: Backdoor ROTH for 1 Year Only? Worth It?

So then just make a traditional IRA contribution, e.g. $X. Let it deposit and then chose convert and if your custodian is Vanguard it should trivially go into your existing Roth IRA.

There will be 2 lines you'll fill out on your 8606 beyond the lines you need to already for your existing Roth.
by JamesSFO
Fri May 11, 2018 11:11 am
Forum: Investing - Help with Personal Investments
Topic: Backdoor ROTH for 1 Year Only? Worth It?
Replies: 12
Views: 704

Re: Backdoor ROTH for 1 Year Only? Worth It?

The resulting Roth IRA account will already be set up this way to then next year you can use it for "front door" or "regular" Roth IRA contribution... So for the 2 minutes and one form 8606 this year (you'll need more in future years anyhow) it's probably worth doing.
by JamesSFO
Wed May 09, 2018 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: Cost Basis: Average Cost at Vanguard. Can I change to Specific ID
Replies: 2
Views: 459

Re: Cost Basis: Average Cost at Vanguard. Can I change to Specific ID

I believe that IF you have sold using average cost basis already you are "stuck" with that. If you have not yet sold you should switch to your preferred cost basis methodology, e.g. specific ID, or FIFO, etc, before making any sales
by JamesSFO
Sun May 06, 2018 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: Yet another CP2000 for Roth IRA conversion thread
Replies: 25
Views: 2340

Re: Yet another CP2000 for Roth IRA conversion thread

Same problem for 2016 and Roth IRA, my CPA called IRS and they are working to fix... IRS error
by JamesSFO
Sat May 05, 2018 6:25 am
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth (Vanguard) Do I "buy" or "exchange?"
Replies: 8
Views: 577

Re: Backdoor Roth (Vanguard) Do I "buy" or "exchange?"

I believe both can work; however, I personally use "Buy" and pick the source of funds as my settlement fund for that account
by JamesSFO
Thu May 03, 2018 8:57 am
Forum: Personal Consumer Issues
Topic: How to buy a safe "power bank" to replace my recalled AmazonBasics unit?
Replies: 60
Views: 4747

Re: How to buy a safe "power bank" to replace my recalled AmazonBasics unit?

So I'd say Amazon was OK on making the refund (the original notice had said it would be in the form of a gift card), bad on keeping customers informed of the steps of the recall process, and I'm unhappy about my personally not having noticed the gift card's (silent) arrival. Thanks again Nisiprius ...
by JamesSFO
Thu May 03, 2018 6:59 am
Forum: Personal Consumer Issues
Topic: How to buy a safe "power bank" to replace my recalled AmazonBasics unit?
Replies: 60
Views: 4747

Re: How to buy a safe "power bank" to replace my recalled AmazonBasics unit?

Hmm, I just went through my gift card balance history and cannot find any credit, will have to try calling them.
by JamesSFO
Thu May 03, 2018 1:11 am
Forum: Personal Consumer Issues
Topic: How to buy a safe "power bank" to replace my recalled AmazonBasics unit?
Replies: 60
Views: 4747

Re: How to buy a safe "power bank" to replace my recalled AmazonBasics unit?

Has anyone gotten a refund or replacement battery from Amazon? I completed the recall and shipped my battery back and now nothing...
by JamesSFO
Sun Apr 29, 2018 12:18 pm
Forum: Investing - Theory, News & General
Topic: What's wrong with this critique of indexing?
Replies: 124
Views: 8939

Re: What's wrong with this critique of indexing?

my point was that even if markets were efficient (which they probably aren't) market cap weighting doesn't seem to be the most rational solution (leaving out the practical question of turnover costs). Ah, ok I think I missed that aspect, thanks for clarifying. I think the response back is that ther...
by JamesSFO
Sun Apr 29, 2018 11:44 am
Forum: Investing - Theory, News & General
Topic: What's wrong with this critique of indexing?
Replies: 124
Views: 8939

Re: What's wrong with this critique of indexing?

Can you please point out at which point the following reasoning is wrong? 1) If one believes in the EMH and in common asset pricing models, then one accepts the idea that all information about firms in the stock market is baked into their current prices, so that for every stock you should expect th...
by JamesSFO
Sat Apr 28, 2018 1:34 am
Forum: Investing - Help with Personal Investments
Topic: Why pay extra for VIHAX instead corresponding ETF VYMI?
Replies: 1
Views: 366

Re: Why pay extra for VIHAX instead corresponding ETF VYMI?

Some people truly prefer mutual funds and VG's philosophy makes it so they charge the purchase/redemption fees to reduce chaos for other mutual fund holders.
by JamesSFO
Fri Apr 27, 2018 5:51 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Bill of Rights for Patients
Replies: 3
Views: 482

Re: Financial Bill of Rights for Patients

Thanks, intriguing article given the number of posts here about medical billing issues etc