Search found 72 matches

by Admiral Fun
Mon Jan 06, 2020 9:07 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2043
Views: 353742

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

I have a Merrill Edge IRA with a closure fee of around $50. I have all ETFs, no cash. Will Merrill sell a share to collect the fee? If not, how do they collect?

Edit: also curious about how other brokerages handle this situation.
by Admiral Fun
Thu Dec 26, 2019 1:06 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2043
Views: 353742

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

I have one joint account and one taxable account.

Typically, can I get two transfer bonuses or just one? Or does this differ between brokerages?
by Admiral Fun
Thu Dec 26, 2019 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: Best site for Credit Card recommendation
Replies: 5
Views: 358

Re: Best site for Credit Card recommendation

crablover wrote:
Thu Dec 26, 2019 11:45 am
Can anyone suggest a non biased site that can recommend a credit card based on our spending habits?

I am assuming Consumer Reports but was wondering if anyone found another site helpful?

thanks
Doctor of Credit. No affiliate links.
by Admiral Fun
Tue Dec 24, 2019 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: Hosed by fees - how to balance UTMAs?
Replies: 12
Views: 848

Re: Hosed by fees - how to balance UTMAs?

how did UBS take fees due from two different accounts out of just one of them? That sounds just as illegal as the custodian moving money from one to the other. Yes, it sure does sound illegal to charge only one account. Not to mention, we had to pay state taxes on the capital gain when UBS sold my ...
by Admiral Fun
Mon Dec 23, 2019 5:51 pm
Forum: Personal Finance (Not Investing)
Topic: Hosed by fees - how to balance UTMAs?
Replies: 12
Views: 848

Re: Hosed by fees - how to balance UTMAs?

Thanks all. Definitely should have dealt with this years ago. I’ll rectify the imbalance through addition as suggested. Ultimately it is small beans, just annoying.
by Admiral Fun
Mon Dec 23, 2019 8:22 am
Forum: Personal Finance (Not Investing)
Topic: Hosed by fees - how to balance UTMAs?
Replies: 12
Views: 848

Re: Hosed by fees - how to balance UTMAs?

livesoft wrote:
Mon Dec 23, 2019 5:25 am
Sounds illegal to me.
The UBS fees or my solution?
by Admiral Fun
Sun Dec 22, 2019 9:17 pm
Forum: Personal Finance (Not Investing)
Topic: Hosed by fees - how to balance UTMAs?
Replies: 12
Views: 848

Hosed by fees - how to balance UTMAs?

About 10 years ago a kindly family friend created UTMA accounts for our two children and gifted them each a few shares of Apple. Five years ago, the UBS (the brokerage firm that held the accounts) suddenly charged one of the kid's accounts hundreds of dollars in fees. They said that each of the two ...
by Admiral Fun
Thu Dec 19, 2019 12:45 pm
Forum: Personal Investments
Topic: May I expedite early retirement?
Replies: 71
Views: 7143

Re: May I expedite early retirement?

Can you take a 1-year unpaid leave to test out the early retirement waters?

Also investigate employer incentives for early retirement. Many colleges and universities have them, but you may be too young to qualify.
by Admiral Fun
Sun Nov 17, 2019 4:45 pm
Forum: Personal Investments
Topic: Withdrawing 529 $ without penalty [what counts as a "scholarship"]
Replies: 12
Views: 1738

Re: Withdrawing 529 $ without penalty [what counts as a "scholarship"]

It is unnecessary to transfer any 529 assets to a 529 in her name. Non-qualified 529 distributions to the beneficiary are taxable to the beneficiary. Keep in mind that such a 529 non-qualified distribution is considered unearned income subject to ordinary income Kiddie Taxes. In 2019 her unearned i...
by Admiral Fun
Sun Nov 17, 2019 10:11 am
Forum: Personal Investments
Topic: Withdrawing 529 $ without penalty [what counts as a "scholarship"]
Replies: 12
Views: 1738

Re: Withdrawing 529 $ without penalty [what counts as a "scholarship"]

Let's say I wanted to fund some college related expenses that are non-qualified (e.g. transportation). Let's further say that our daughter received a scholarship of $2100. I then transferred $2100 of the 529 to her name. She then uses the $2100 for non-qualified expenses, but would not be subject to...
by Admiral Fun
Sat Nov 09, 2019 10:14 am
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2043
Views: 353742

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

For TDAM, actual transfer needs to be completed by Oct 8th. Not just initiating transfer. Not much time -- it takes a few days for ACATs. Disappointing that the board missed this earlier :( ADDED: *Offer valid for preselected clients who respond to the offer. So not clear they would honor it if you...
by Admiral Fun
Thu Nov 07, 2019 8:15 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2043
Views: 353742

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Any hot tips for the best transfer bonus for a 100K Roth IRA? Schwab looks pretty good at $500 if I can find a referral (not asking for one here). https://www.schwab.com/public/schwab/nn/refer-prospect.html Merrill has one for $375, which is lower than a few weeks ago, but still decent I suppose. Lo...
by Admiral Fun
Mon Oct 28, 2019 8:43 pm
Forum: Personal Finance (Not Investing)
Topic: bipolar/alcoholic/broke/jail time - how to move forward financially?
Replies: 37
Views: 4642

Re: bipolar/alcoholic/broke/jail time - how to move forward financially?

Thanks for your thoughtful responses everyone. Here are a few take home points so far... Mental health and AA should be first. Seek support from local social services departments, psychiatric care, and addiction clinics/groups Do everything possible to keep him in his home. Consult with an attorney ...
by Admiral Fun
Mon Oct 28, 2019 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: bipolar/alcoholic/broke/jail time - how to move forward financially?
Replies: 37
Views: 4642

bipolar/alcoholic/broke/jail time - how to move forward financially?

A cousin of mine has multiple struggles (bipolar/alcoholic/broke/a little jail time) at the age of 50. He held on to a professional career for about 15 years, but was let go and is now unemployable to anyone who runs a background check. He has a house with maybe $50,000 in equity, student loan bills...
by Admiral Fun
Wed Oct 16, 2019 5:59 pm
Forum: Personal Investments
Topic: Withdrawing 529 $ without penalty [what counts as a "scholarship"]
Replies: 12
Views: 1738

Re: Withdrawing 529 $ without penalty [what counts as a "scholarship"]

This seems to say no, but as says no clear determination. Thousands have dealt with this issue, I cannot imagine your school doesn't have some guidance. https://forum.savingforcollege.com/t/529-plan-penalty-free-distributions/11717/5 Talk to your HR people. If your tuition benefit is taxable (mine ...
by Admiral Fun
Wed Oct 16, 2019 11:44 am
Forum: Personal Investments
Topic: Withdrawing 529 $ without penalty [what counts as a "scholarship"]
Replies: 12
Views: 1738

Re: Withdrawing 529 $ without penalty [what counts as a "scholarship"]

Thanks all. Digging a little deeper, it appears that any "tax-free educational assistance" may count toward penalty-free withdraws from 529 plans. According to Fidelity: "Examples include Pell grants, tax-free scholarships and fellowships, tuition discounts, the Veteran's Educational Assistance Prog...
by Admiral Fun
Tue Oct 15, 2019 8:42 pm
Forum: Personal Investments
Topic: Withdrawing 529 $ without penalty [what counts as a "scholarship"]
Replies: 12
Views: 1738

Withdrawing 529 $ without penalty [what counts as a "scholarship"]

Due to the generosity of grandparents our kids have solid balances in their 529 plans. It is possible, however, that they will not need all the money. I now work at a University that provides a tuition benefit for children and has other options for tuition exchange and tuition credits at other insti...
by Admiral Fun
Mon Sep 23, 2019 7:03 am
Forum: Personal Consumer Issues
Topic: How to get a repair estimate for unrepairable items? (Extended warranty claim)
Replies: 21
Views: 1597

Re: How to get a repair estimate for unrepairable items? (Extended warranty claim)

It’s a Citi card. They are dropping the coverage but I submitted the warranty request before the deadline.

I’m only out $170 so not a huge deal. Still, I’m coming to think that most credit card insurance is garbage.
by Admiral Fun
Sun Sep 22, 2019 8:37 pm
Forum: Personal Consumer Issues
Topic: How to get a repair estimate for unrepairable items? (Extended warranty claim)
Replies: 21
Views: 1597

Re: How to get a repair estimate for unrepairable items? (Extended warranty claim)

In my experience they will take just about anything and except it as a repair estimate. In your case an email saying it is unrepairable should suffice and the credit card company will most likely pay out. they specifically asked for “a Repair Estimate by a certified, licensed or approved service pr...
by Admiral Fun
Sun Sep 22, 2019 8:11 pm
Forum: Personal Consumer Issues
Topic: How to get a repair estimate for unrepairable items? (Extended warranty claim)
Replies: 21
Views: 1597

How to get a repair estimate for unrepairable items? (Extended warranty claim)

I bought a microwave that failed just after 1 year. It should be covered by the credit card extended warranty coverage, but I need a repair estimate. It’s clearly unrepairable. I bought the microwave at Walmart and the local appliance repair people are not interested in helping me out. I may just gi...
by Admiral Fun
Wed Aug 28, 2019 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4369
Views: 840696

Re: What's Your Credit Card Rewards Strategy?

I'm becoming very dissatisfied with the Chase Sapphire Reserve Travel bookings. More than once in the past year Chase has no flights that are readily available on United. If available, they're usually the same price as directly with United. But this last week was a doozy. I looked at Chase and foun...
by Admiral Fun
Wed Aug 28, 2019 12:30 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2043
Views: 353742

Re: TD Ameritrade Bonus

They'll get the transfer fee no matter what. If insufficient funds, they'll let you leave with a negative balance. Sometimes the receiving firm will reimburse, like Merrill. Else it will remain negative until you add funds or dividends are released There are no fees for partial transfers, only comp...
by Admiral Fun
Wed Aug 28, 2019 7:19 am
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2043
Views: 353742

TD Ameritrade Bonus

Just transferred $250,000 to TDA and the bonus appeared right away. A few q’s

Can I transfer this bonus out right away or do I need to wait a year?

If I transfer the rest of the funds out after a year, can I leave $1 to avoid the $75 closure fee?

Thanks!
by Admiral Fun
Wed Aug 21, 2019 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4369
Views: 840696

best 4-card strategy

This is pretty much the best, simple-ish plan for ongoing rewards that I can come up with (assuming platinum honors at BoA, 1.5x multiplier for UR points, big enough traveler to use both CSR and premium rewards credits) Chase Sapphire Reserve - 4.5% travel and dining, plus the other goodies Chase In...
by Admiral Fun
Thu Aug 15, 2019 4:37 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2043
Views: 353742

TLHing after a brokerage transfer

TDA is fine just know that the holding period is one year and the selection of ETFs isn't as good as edge. I'm assuming all the usual Vanguard ETF pairs for tax loss harvesting are available in Merrill Edge and TDA. Correct? Also, when doing a partial transfer from VG to ME or TDA do you get to sel...
by Admiral Fun
Thu Aug 15, 2019 9:15 am
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2043
Views: 353742

Best bonus after Merrill Edge?

I am taking advantage of the $1000 signup bonus for Merrill Edge. I have $300k worth of additional Vanguard ETFs that I would be willing to park somewhere else for a similar bonus and smooth transfer. In August 2019, what's the recommended move after Merrill Edge? Edit: looking back through the thre...
by Admiral Fun
Thu Aug 08, 2019 8:47 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4369
Views: 840696

BoA Platinum Honors returns vs. my CC system

If you have a breakdown of your annual spending, it helps a lot in designing a credit card strategy. The big categories you would want to know would be: 1. Dining (restaurants) 2. Gas 3. Groceries 4. Hotels 5. Airfare 6. Amazon 7. Non-bonus spending Other less common categories that you can sometim...
by Admiral Fun
Tue Jul 30, 2019 5:03 pm
Forum: Personal Investments
Topic: Are we finally dialed in? (portfolio review)
Replies: 10
Views: 1044

Re: Are we finally dialed in? (portfolio review)

Your emergency fund seems really low. Your asset allocation is aggressive. If you are 11 years away from retirement, you might start thinking about lowering equity % and increasing your fixed income %. What is a good emergency fund size for those who have very stable employment? Early retirement is...
by Admiral Fun
Tue Jul 30, 2019 11:35 am
Forum: Personal Investments
Topic: Are we finally dialed in? (portfolio review)
Replies: 10
Views: 1044

Re: Are we finally dialed in? (portfolio review)

Will you and/or spouse have any SS or pension income? Yes eventually SS, but no pension. Normal college doesn’t cost that much. Why so much in 529? Grandparents contributed a bunch in March 2009, and needless to say it has grown. We are no longer contributing. It's too much $ if they go to a state ...
by Admiral Fun
Tue Jul 30, 2019 10:42 am
Forum: Personal Investments
Topic: Are we finally dialed in? (portfolio review)
Replies: 10
Views: 1044

Are we finally dialed in? (portfolio review)

Hello Bogleheads! While I have been a member for a while, I have never asked the group for a portfolio checkup. Then last year I realized that we have some long-standing “asset location” problems that Bogleheads would have flagged in a heartbeat. Now that those issues are (hopefully) resolved, I wou...
by Admiral Fun
Tue Jul 30, 2019 10:28 am
Forum: Personal Consumer Issues
Topic: Ghosted by IKEA after warranty claim
Replies: 49
Views: 5827

Re: Ghosted by IKEA after warranty claim

I am unclear as to how the OP wishes to have his claim honored if the series has been discontinued. $100 to me sounds reasonable for something that probably cost less originally. Recently I had a kitchen fire that necessitated "some" of the cabinets to be replaced. Ikea had changed basic dimensions...
by Admiral Fun
Fri Jul 26, 2019 9:08 am
Forum: Personal Finance (Not Investing)
Topic: How do you move past old financial mistakes?
Replies: 57
Views: 5393

Re: How do you move past old financial mistakes?

Thanks for your Bogleheadish thoughts everyone! I knew I could count on this group to help put things in perspective. I know how fortunate we are, and that we have made fewer mistakes than many people thanks to this forum. Because of that I feel particularly guilty when I occasionally dwell on past ...
by Admiral Fun
Thu Jul 25, 2019 9:00 pm
Forum: Personal Finance (Not Investing)
Topic: How do you move past old financial mistakes?
Replies: 57
Views: 5393

How do you move past old financial mistakes?

15 years ago my wife and I sold our house in a vibrant small city and bought a (much nicer) house in a LCOL area in another state. At the time it was an even exchange. Both houses were worth $300,000. But the new house needed some renovation and over the years we have put probably $100,000 into repa...
by Admiral Fun
Thu Jul 25, 2019 8:41 pm
Forum: Personal Consumer Issues
Topic: Ghosted by IKEA after warranty claim
Replies: 49
Views: 5827

Ghosted by IKEA after warranty claim

Hi All, I have a corner kitchen cabinet face that has failed at the joint - the fiberboard is coming apart and it is unrepairable. I have the original receipts and submitted a warranty claim. After an extended period of time, my claim was denied and no explanation was given. They offered me $100 in ...
by Admiral Fun
Wed Feb 27, 2019 6:28 pm
Forum: Investing - Theory, News & General
Topic: MSCI EAFE: A stock market that time, and the internet, forgot
Replies: 10
Views: 1260

MSCI EAFE: A stock market that time, and the internet, forgot

An interesting article that perhaps explains some international underperformance over the last 10 years - “developed international” is really an negative outlier when it comes to tech. “Remember life before the internet? No smartphones, no video streaming, no social media, no online shopping … If yo...
by Admiral Fun
Sat Feb 23, 2019 10:31 pm
Forum: Personal Investments
Topic: Money transferred - now in limbo!
Replies: 4
Views: 757

Re: Money transferred - now in limbo!

Thanks everyone. I’ll be patient with this particular transfer.

More broadly, I’m interested in the legal aspect of this too... are companies under any kind of legal mandate to process transfers in a timely manner?
by Admiral Fun
Sat Feb 23, 2019 4:56 pm
Forum: Personal Investments
Topic: Money transferred - now in limbo!
Replies: 4
Views: 757

Money transferred - now in limbo!

I requested an HSA transfer from Optum Bank to Fidelity on January 13th. On Feb 17th I received notice from Optum that the money had been transferred. As of Feb 23rd it has not arrived at Fidelity. To recap, more than a month elapsed before the initial transfer was processed. Since then, five busine...
by Admiral Fun
Wed Feb 20, 2019 8:36 pm
Forum: Investing - Theory, News & General
Topic: [Fidelity Health Savings Account Mega-Thread]
Replies: 1042
Views: 112485

Re: Rumor mill - Fidelity starting individual HSA's Nov. 15th

Requested transfer from Optum Bank to Fidelity on 1/13. As of 2/20 the money has left optum but not yet arrived at Fidelity. Horrendously slow.
by Admiral Fun
Sat Jan 26, 2019 12:21 pm
Forum: Personal Investments
Topic: Switch Roth from VG to Fidelity? Here's my rationale
Replies: 3
Views: 361

Re: Switch Roth from VG to Fidelity? Here's my rationale

Geologist -- As an example, right now I have VG Total international in my taxable accounts and use the FTSE ex-us index for TLH purposes. I also have VG total International in my Roth and contribute to it monthly. This creates potential wash sale issues. If I switch the Roth to Fidelity Zero interna...
by Admiral Fun
Sat Jan 26, 2019 11:45 am
Forum: Personal Investments
Topic: Switch Roth from VG to Fidelity? Here's my rationale
Replies: 3
Views: 361

Switch Roth from VG to Fidelity? Here's my rationale

We have about 20% of a 1.5 million portfolio in Roth IRAs at Vanguard. Another 40% in taxable at Vanguard. The remainder mostly in 403bs at TIAA Cref and a small HSA at Fidelity. I'm thinking of moving the Roths to Fidelity. Pros: 1. Zero funds have lower costs, save maybe $200-$300 annually. 2. Zer...
by Admiral Fun
Mon Dec 10, 2018 8:58 pm
Forum: Personal Investments
Topic: Tax Loss Harvesting - Bonehead Move
Replies: 7
Views: 849

Re: Tax Loss Harvesting - Bonehead Move

livesoft wrote:
Mon Dec 10, 2018 8:50 pm
So the loss on the first 50 shares sold will be disallowed. You make the adjustment and show this on your tax return.
They were all sold at the same time. In that case, do I get to choose which 50 shares? Or does it go by date acquired?

Thanks for your help, livesoft!
by Admiral Fun
Mon Dec 10, 2018 8:48 pm
Forum: Personal Investments
Topic: Tax Loss Harvesting - Bonehead Move
Replies: 7
Views: 849

Re: Tax Loss Harvesting - Bonehead Move

What is the loss per share of the sale? How many shares did you buy with your $1,000 in your Roth IRA? I sold 500 shares at an average loss of $2.20 a share, a total of $1,100 loss in taxable. They were in about 15 different lots, so the actual loss for each lot varied. Twenty days later, I bought ...
by Admiral Fun
Mon Dec 10, 2018 8:14 pm
Forum: Personal Investments
Topic: Tax Loss Harvesting - Bonehead Move
Replies: 7
Views: 849

Tax Loss Harvesting - Bonehead Move

Hi All, Please help me understand the consequences of the boneheaded move I made. Back in October I sold $15,000 of VG Total International Stock Market for a total loss of $1,000. Less than 30 days later, I contributed $1,000 of VG Total International Stock Market to my Roth IRA. Two questions... 1....
by Admiral Fun
Sat Dec 08, 2018 6:55 pm
Forum: Investing - Theory, News & General
Topic: International underperformance - how to break it down
Replies: 52
Views: 4463

International underperformance - how to break it down

Hi all, There have been a number of threads about the underperformance of international finds. My question is whether we can fairly definitively break down reasons for past underperformance, i.e. what % can be explained by... 1. Currency exchange rates 2. mix of factors (int’l has less tech, more co...
by Admiral Fun
Tue Feb 13, 2018 8:57 am
Forum: Personal Investments
Topic: Hellbent on sustainability funds - which ones?
Replies: 11
Views: 2019

How does this 3 fund "low carbon" portfolio look?

Thanks everyone for your helpful suggestions. I think I've identified a portfolio that will allow my father to maintain something similar to his current asset allocation but with low-carbon funds. 60% iShares MSCI ACWI Low Carbon ETF (50/50 domestic international) .2 expense ratio 25% SPDR S&P 500 F...
by Admiral Fun
Sat Feb 10, 2018 7:36 pm
Forum: Personal Investments
Topic: Hellbent on sustainability funds - which ones?
Replies: 11
Views: 2019

Re: Hellbent on sustainability funds - which ones?

Go to Morningstar’s free Instant X-Ray tool. Enter the ticker for Total Stock Market to find out the style box and other values for that fund. Open another window with M* Instant X-Ray where you can enter the sustainable fund tickers that are available to your father in his 401k. Keep editing the p...
by Admiral Fun
Mon Feb 05, 2018 9:25 pm
Forum: Personal Investments
Topic: Hellbent on sustainability funds - which ones?
Replies: 11
Views: 2019

Hellbent on sustainability funds - which ones?

Hello Bogleheads! My father wants to move all his equities (and possibly his bonds) to sustainability index funds. This post is not about whether or not this is a good idea. I'm pretty sure it isn't, for a variety of reasons have have been discussed on Bogleheads many times before. But since he's co...
by Admiral Fun
Wed Jan 17, 2018 7:39 pm
Forum: Personal Investments
Topic: Strange Life insurance product - keep or dump?
Replies: 18
Views: 1819

Re: Strange Life insurance product - back of the envelope

Anyway, am I understanding correctly that you can cash out $146k, pay $10k taxes and spend $136k (or give it all away)? Yes, that is our understanding, verified by the the insurer. It seems like there is little down side to going 100% stocks. We are also confused, hence this thread. I think this is...
by Admiral Fun
Wed Jan 17, 2018 8:51 am
Forum: Personal Investments
Topic: Strange Life insurance product - keep or dump?
Replies: 18
Views: 1819

Re: Strange Life insurance product - back of the envelope

Does the 15% capital gains tax apply to the entire cash out value? Or some other value? Is there a cost basis to reduce from the policy premiums paid to subtract out, and if so, how much? The capitial gains are ~$70,000 What happens to cash out value in 10 years? Since the policy isn't paying any d...
by Admiral Fun
Tue Jan 16, 2018 3:07 pm
Forum: Personal Investments
Topic: Strange Life insurance product - keep or dump?
Replies: 18
Views: 1819

Really! No surrender fees, no additional charges

You say that there are no fees. If that is what the insurance person told you, he is lying. The fees may be well hidden, or called something else, but they are being paid. Ralph I agree with Ralph. There must be fees. "Fees" keep the policy in force and pay for the policy "upkeep" and administrativ...