Search found 261 matches

by InertiaMan
Fri Apr 05, 2019 4:33 pm
Forum: Personal Investments
Topic: Fidelity-Very Negative Experience with Inheritance Services
Replies: 13
Views: 3954

Re: Fidelity-Very Negative Experience with Inheritance Services

I know this is an old thread, but sorry for your loss. While I am certainly not "siding" with Fidelity here as the wait/hold times seem ridiculous and this has been a months long saga for you, I can't discern what your question for them would be? I would send them the letter and direct them to do w...
by InertiaMan
Fri Apr 05, 2019 3:34 pm
Forum: Personal Investments
Topic: Fidelity-Very Negative Experience with Inheritance Services
Replies: 13
Views: 3954

Re: Fidelity-Very Negative Experience with Inheritance Services

Adding a fresh update to my Inheritor's Services experience. 3+ hours on various holds today. Never did get to speak to someone at Inheritor's Services. Calls to "normal" customer service line could get me a human being, but they can't transfer me directly to Inheritor's Services (only into their no...
by InertiaMan
Thu Jan 03, 2019 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: Recent Engineering College Graduate can’t get job interviews, needs advice
Replies: 145
Views: 12109

Re: Recent Engineering College Graduate can’t get job interviews, needs advice

In contrast to other folks recommending against putting the GPA on the resume, I suggest you instead post the last 2 semester GPA. For example, you could state "Senior Year GPA 3.375" or "Final 30 Credit Hour GPA 3.375". Let the potential hiring companies inquire later about the "total" GPA. And coa...
by InertiaMan
Sat Dec 29, 2018 8:51 pm
Forum: Investing - Theory, News & General
Topic: ableBanking 1 and 2 Year CDs are among highest APY
Replies: 11
Views: 1360

Re: ableBanking 1 and 2 Year CDs are among highest APY

Most annoying bank ever. Not worth the extra basis points imo. I'm only a prospective customer and they have already annoyed me. I spent 10-15 minutes trying to determine their early withdrawal policy on CDs, and I could easily find more than ten references to where to find it (the "Truth In Saving...
by InertiaMan
Wed Dec 26, 2018 9:10 pm
Forum: Personal Finance (Not Investing)
Topic: PenFed 3% CDs maturing: Thank you Bogleheads
Replies: 22
Views: 4110

Re: PenFed 3% CDs maturing: Thank you Bogleheads

It's interesting to see 10 year Treasuries yielding 2.8% when there are so many CDs offering 3% or better. According to Magnify Money, based on our Zip code, the best 3 year CDs are yielding 3.60%, 4 year CDs are yielding a lower 3.51%, but 5 year CDs are yielding 3.75%. That seems wonky to me, but...
by InertiaMan
Mon Dec 10, 2018 8:00 pm
Forum: Investing - Theory, News & General
Topic: New NFCU Certificate Offering
Replies: 6
Views: 1065

Re: New NFCU Certificate Offering

They currently have an IRA-only 40 month 3.75% CD with a $100 bonus if its your first IRA with them.

I'd park some $$ there at that rate, but I'm not eligible for membership.
by InertiaMan
Mon Dec 10, 2018 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: Low Basis Mutual fund shares (Meridian) and making a charitable contribution
Replies: 3
Views: 185

Re: Low Basis Mutual fund shares (Meridian) and making a charitable contribution

+1 on using a DAF.

Its generally easier to transfer securities to a DAF at FIdelity or Vanguard or similar than to a specific charity. Once at the DAF, you have lots of flexibility on how it is further distributed.
by InertiaMan
Sun Dec 02, 2018 6:51 pm
Forum: Personal Finance (Not Investing)
Topic: Passing charity donation through heirs on death: Tax benefit?
Replies: 9
Views: 579

Re: Passing charity donation through heirs on death: Tax benefit?

Now that I think of it, my three siblings and I complied with our mother's charitable wishes after her death even though we were not legally obligated to do so, so I guess it can work. Yes, we did take the charitable deduction on our income tax returns. It was a situation where the charitable devis...
by InertiaMan
Sun Dec 02, 2018 6:49 pm
Forum: Personal Finance (Not Investing)
Topic: Passing charity donation through heirs on death: Tax benefit?
Replies: 9
Views: 579

Re: Passing charity donation through heirs on death: Tax benefit?

...have the children subsequently give to the charity. Am I missing something? What mechanism does the parent use to make sure that the children follow through with the plan after the parent's death? This is an obvious limitation of the method; there is no "guarantee." Whether that's a concern may ...
by InertiaMan
Sun Dec 02, 2018 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: Passing charity donation through heirs on death: Tax benefit?
Replies: 9
Views: 579

Passing charity donation through heirs on death: Tax benefit?

Hypothetically speaking, lets say an individual is facing their mortality soon and their adult children are assisting with the will. The parent has $$ that they want to give to a charity on their death. They have two adult children, but the children are well-off, so they all agree with the parent's ...
by InertiaMan
Sun Dec 02, 2018 1:16 pm
Forum: Personal Investments
Topic: help assessing risk of promissory note w/ Techshop, Inc.
Replies: 46
Views: 10727

Re: help assessing risk of promissory note w/ Techshop, Inc.

Sorry to bring this thread back from the dead . . . only to say, as the thread OP . . . WOW! I've been distracted the past 2 years and hadn't revisited this thread until now. Thankfully I never did the $25k loan to Techshop. Very sorry to hear that the consequences have been so terrible for the othe...
by InertiaMan
Sat Dec 01, 2018 1:30 pm
Forum: Personal Investments
Topic: New 401k has terrible fees; options?
Replies: 22
Views: 1152

Re: New 401k has terrible fees; options?

WannabeBogleHead01 wrote:
Sat Dec 01, 2018 1:18 pm
It was rolled into her Vanguard IRA as soon as we possibly could. Good point tho; thanks for bringing it up.
Good for you. Maybe just have your wife quit the job every couple years, move balance to IRA,and then restart employment! :wink:
by InertiaMan
Sat Dec 01, 2018 1:24 pm
Forum: Personal Investments
Topic: Fidelity Money Market Funds for everyday expenses
Replies: 101
Views: 20416

Re: Fidelity Money Market Funds for everyday expenses

SPRXX looks like Fidelity's highest-yield, taxable, retail MM fund. Not quite as good as Vanguard's prime money market, though. Fidelity Money Market Fund (SPRXX), current SEC Yield = 2.09%. Vanguard Prime Money Market Fund (VMMXX) current SEC Yield = 2.30%.. FZDXX is at 2.21%. It does have the hur...
by InertiaMan
Sat Dec 01, 2018 1:15 pm
Forum: Personal Investments
Topic: New 401k has terrible fees; options?
Replies: 22
Views: 1152

Re: New 401k has terrible fees; options?

It wasn't clear from the original post and follow up if your wife has kept the 401k intact from her original stint at this company, or if you rolled over. If it is still in 401k form, and hasn't been rolled over to an IRA, then you should definitely get that money out NOW, before her employment star...
by InertiaMan
Thu Nov 29, 2018 4:32 pm
Forum: Personal Investments
Topic: Fidelity Money Market Funds for everyday expenses
Replies: 101
Views: 20416

Re: Fidelity Money Market Funds for everyday expenses

I tried keeping my CMA at $0 but my ATM withdrawal failed. I guess debit cards don't trigger overdrafts? In that case, wouldn't the overdraft protection be useless in practice? I can write checks, bill pay, and transfer from my brokerage directly. The CMA would only be useful for debit card use and...
by InertiaMan
Tue Nov 27, 2018 9:37 pm
Forum: Investing - Theory, News & General
Topic: AQR/Liquid Alt Performance
Replies: 60
Views: 3166

Re: AQR/Liquid Alt Performance

Does that even matter in the context it was used, 8% is still a huge hurdle, when experts are talking equities giving barely 6% annualized over next decade. Point is still same, QSPIX will have to outperform equities by a large margin to meet the modest expectations of current investors. Either tha...
by InertiaMan
Tue Nov 27, 2018 9:31 pm
Forum: Personal Investments
Topic: Sell Stock or Student Loans for Grad School?
Replies: 13
Views: 758

Re: Sell Stock or Student Loans for Grad School?

Seems your primary question is whether to fund your school by stock or loan. My opinion is that you should use your assets, and not loans, unless you are able to get interest deferred loans, or other advantage arrangements. But the questions you aren't asking are where you may really benefit from so...
by InertiaMan
Tue Nov 27, 2018 6:24 pm
Forum: Personal Investments
Topic: 5% fixed rate option in deferred compensation plan
Replies: 12
Views: 705

Re: 5% fixed rate option in deferred compensation plan

Correct, the election to the 5% fixed rate option will be for all contributions for the 2019 year. In November / December 2019, I will have the option to choose again knowing that the fixed rate option for that money may be different. As a model to keep math simple, lets say you'll contribute for 3...
by InertiaMan
Tue Nov 27, 2018 5:14 pm
Forum: Personal Investments
Topic: 5% fixed rate option in deferred compensation plan
Replies: 12
Views: 705

Re: 5% fixed rate option in deferred compensation plan

Can we trade deferred income accounts please? Assuming the fine print doesn't present substantially different risks than other fund choices, this is a no-brainer. Guaranteed 5% is far better than any other fixed income option today. I would consider it an ample reward for the loss of liquidity. And ...
by InertiaMan
Tue Nov 27, 2018 4:57 pm
Forum: Investing - Theory, News & General
Topic: AQR/Liquid Alt Performance
Replies: 60
Views: 3166

Re: AQR/Liquid Alt Performance

The math simply does not add up for investors who are already in with the sinking performance so far. QSPIX is down -10.68% YTD, it will take an average of 10% returns annualized for next 9 years for it to make up 6% annualized returns for a full 10 year period starting 2018. It seems like your mat...
by InertiaMan
Tue Nov 27, 2018 12:02 pm
Forum: Personal Investments
Topic: Why [was] QSPIX steadily declining?
Replies: 81
Views: 13855

Re: Why [was] QSPIX steadily declining?

Anyone see the Q3 report yet?
by InertiaMan
Mon Nov 26, 2018 7:16 pm
Forum: Personal Investments
Topic: Forgot to convert to backdoor roth
Replies: 11
Views: 1226

Re: Forgot to convert to backdoor roth

I'm sure other users will correct me if I'm wrong on this, but I believe another option is to convert only $5500 and leave $20 in the tIRA. You can do that, but I would not advise it because having anything in an IRA (pre-tax, not Roth) at the end of the year subjects you to the pro-rata rule, make...
by InertiaMan
Mon Nov 26, 2018 6:33 pm
Forum: Personal Investments
Topic: Moving 25 individual stocks into a few Fidelity index funds
Replies: 17
Views: 851

Re: Moving 25 individual stocks into a few Fidelity index funds

I believe the Total Stock Market Index is about 18% mid-cap & 9% small cap; 27% total mid/small cap allocation. That's a little more than the op's proposed 20% extended market (mid/small cap) exposure. bill This overlooks the fact that some percentage of SP500 is considered mid-cap. It depends on w...
by InertiaMan
Mon Nov 26, 2018 6:15 pm
Forum: Personal Investments
Topic: Moving 25 individual stocks into a few Fidelity index funds
Replies: 17
Views: 851

Re: Moving 25 individual stocks into a few Fidelity index funds

Have you looked at Fidelity’s new zero expense index funds? Example...FZROX zero total market I guess I was just steered away from them because they are so new and seemed too good to be true. Is it the exact same thing as the funds I chose? I don't think there are any concerns with them inside an I...
by InertiaMan
Mon Nov 26, 2018 6:09 pm
Forum: Personal Investments
Topic: Forgot to convert to backdoor roth
Replies: 11
Views: 1226

Re: Forgot to convert to backdoor roth

I'm sure other users will correct me if I'm wrong on this, but I believe another option is to convert only $5500 and leave $20 in the tIRA. This might be convenient to keep the tIRA intact, so you can donate to it again next year for yet another backdoor contribution to your Roth. Just do it every y...
by InertiaMan
Sun Nov 25, 2018 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: Is this considered capital gains or income?
Replies: 27
Views: 2358

Re: Is this considered capital gains or income?

A) I wish I had a brother like yours!
B) as others have suggested, its critical to align the mechanics of this with your brother. I'm surprised that he hadn't already determined, with the help of CPA/legal advice, a mutually optimal and legal way to execute this.
by InertiaMan
Sun Nov 25, 2018 4:19 pm
Forum: Personal Investments
Topic: 401K Choices - 53 and Looking to retire within 2 to 4 years
Replies: 21
Views: 1830

Re: 401K Choices - 53 and Looking to retire within 2 to 4 years

The ER for each fund is the most critical missing info at this point. Although another question that might change everything (maybe a longshot, but worth asking if its a megacorp): does the plan have a linked brokerage account option? Many plans have the option to link a brokerage account within the...
by InertiaMan
Sun Nov 25, 2018 4:04 pm
Forum: Investing - Theory, News & General
Topic: New to taxable investments
Replies: 21
Views: 2153

Re: New to taxable investments

Isn't another benefit that it allows you to buy fractional shares (helps with compounding) and does some version of "dollar cost averaging" as well? I too am struggling with what to do for dividend reinvestment. But in my case the dividends payouts are too low to even buy 1 additional share of the ...
by InertiaMan
Sun Nov 25, 2018 10:41 am
Forum: Investing - Theory, News & General
Topic: New to taxable investments
Replies: 21
Views: 2153

Re: New to taxable investments

Why not automatically reinvest dividends? I am semi new to taxable investing also. Two reasons: 1) It complicates the determination of cost basis in the future. This unnecessarily complicates tax loss harvesting or sales. 2) If you accumulate dividends in a "cash bucket" you can then make a conscio...
by InertiaMan
Sun Nov 25, 2018 4:17 am
Forum: Personal Investments
Topic: New to investing, how would I select appropriate bonds?
Replies: 19
Views: 1683

Re: New to investing, how would I select appropriate bonds?

You also need to state where you are planning to hold your bonds unless I missed it. Don't know, I'm a newbie and trying to get up to speed on setting up things.... I have individual IRA, Simple IRA through work, and Roth and also the brokerage account that I've gotten over the years. I'm trying to...
by InertiaMan
Sat Nov 24, 2018 9:45 pm
Forum: Personal Finance (Not Investing)
Topic: HSBC online savings; comments?
Replies: 14
Views: 1657

Re: HSBC online savings; comments?

Seems there is no shortage of folks supporting the premise that HSBC is awful! So the obvious next question is where to take your money. I've used Barclays and Ally and have been very happy with both. No funny stuff. When they raised their rates, they automatically applied the new rate to my account...
by InertiaMan
Sat Nov 24, 2018 10:19 am
Forum: Personal Finance (Not Investing)
Topic: Simple IRA custodian changed
Replies: 8
Views: 880

Re: Simple IRA custodian changed

Have you considered front-loading your wife's contributions to early in the year? The viability of this idea will depend on the exact mechanics of her plan and your cash flow needs, but the general idea being: - max out your wife's contribution rate (max % of pay permitted by the plan) - you then re...
by InertiaMan
Sat Nov 24, 2018 9:43 am
Forum: Personal Finance (Not Investing)
Topic: Credit Card for International Travel
Replies: 67
Views: 8142

Re: Credit Card for International Travel

Anyone know how I can find out Visa's cut if taking dollars out of a foreign ATM. Does it vary from country to country? I am particularly interested in what the Visa markup would be in Cambodia, where I believe almost all ATM transactions are in dollars. Similar but different: Ecuador uses the US d...
by InertiaMan
Sat Nov 24, 2018 12:38 am
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 621
Views: 72886

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

You could try the https://www.capitalone.com/value2018/ promo for $1000 for 150k deposit for 60 days, which replaces their $500 deal that just expired. I don't qualify, though, since If you have or had an open savings product with Capital One after January 1, 2016, you’re ineligible for the bonus. ...
by InertiaMan
Fri Nov 23, 2018 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 621
Views: 72886

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

It's a bit worse than that. You'll have to keep the account open until the bonus is actually paid -- the last time I got a Citi bonus it took an additional 70 days to receive it, for a total of 130 days after depositing the money. This means either keeping a large enough balance to avoid fees or el...
by InertiaMan
Fri Nov 23, 2018 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 621
Views: 72886

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

Citi is offering $600 for 50k deposit. They have a 2% savings rate but we aren't sure if you can get the $600 AND the 2% savings rate. I'm checking tomorrow. Since I'm not eligible for the Ally bonus, shopping around for others. I talked to Citi twice today, and got a consistent answer: the 2% prom...
by InertiaMan
Thu Nov 22, 2018 8:22 pm
Forum: Personal Finance (Not Investing)
Topic: Sell RSUs at 18 month low or wait
Replies: 37
Views: 2730

Re: Sell RSUs at 18 month low or wait

While that's essentially what I do as well (or at least since joining this forum and having to do some clean-up the first year), I'm not so sure it can be argued that it's the *right* decision statistically. It's just *a* decision, among many possible decisions with comparable ambiguity. If you con...
by InertiaMan
Thu Nov 22, 2018 2:46 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1974
Views: 337634

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Since I'm early retired, and currently laying around waiting for a fractured femur to heal, these xfer bonuses have caught my attention. I recently did the Ally bonus and parked $100k there in a no-penalty 2.1% CD. Nice $1000 bonus for losing ~ 75 days of liquidity. Now I'm considering harvesting so...
by InertiaMan
Wed Nov 21, 2018 6:22 am
Forum: Personal Consumer Issues
Topic: Budget Laptops
Replies: 17
Views: 2120

Re: Budget Laptops

8th gen Core i3 with IPS screen and SSD for $300 . . . seems like a good value to me.

And unlike many more expensive ultrabooks, you get a memory card reader!
by InertiaMan
Wed Nov 21, 2018 5:54 am
Forum: Personal Finance (Not Investing)
Topic: Credit Card for International Travel
Replies: 67
Views: 8142

Re: Credit Card for International Travel

Most of the replies in this thread ignore the exchange rate. How a card determines the currency exchange rate can easily outweigh a 1% foreign transaction fee. Unfortunately, it can be challenging to quantify the the exchange rate. When I've called customer service at various cards, some could give ...
by InertiaMan
Wed Nov 21, 2018 5:28 am
Forum: Personal Investments
Topic: Am I understanding this right about DAFs? If so...wow
Replies: 41
Views: 6340

Re: Am I understanding this right about DAFs? If so...wow

OP, a DAF is a no-brainer in your situation. It sounds like your tax accountant is telling you to itemize this year, even in the absence of this $53k DAF option , so you will get the full benefit from the $53k donation if you proceed. I wouldn't wait for the funds to (possibly) increase; get it done...
by InertiaMan
Sat Nov 17, 2018 8:07 pm
Forum: Personal Investments
Topic: New FA offering to pay annuity surrender fee
Replies: 18
Views: 1262

Re: New FA offering to pay annuity surrender fee

I think the answer to this is pretty obvious without much math, but since the math to prove it is relatively easy, lets do it: Lets look at three cases over 10 quarters and compare the cost in fees/penalties. Assume the FIL has $1M in assets 1) Move all assets to DIY at Vanguard or Fidelity etc. Net...
by InertiaMan
Wed Nov 14, 2018 1:57 pm
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 1616
Views: 251144

Re: QSPIX - thoughts on interesting fund

My comment about moving goal posts was not about the time frame, but rather your comparison to bond returns. It seems whenever people want to sing the virtues of these type of funds the mantra is always "expected equity like returns" with either lower volatility and/or low correlation. But, wheneve...
by InertiaMan
Wed Nov 14, 2018 1:20 pm
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 1616
Views: 251144

Re: QSPIX - thoughts on interesting fund

This statement is incorrect and misleading. According to Morningstar, VBIAX, Vanguard's Balanced Index fund (expense ratio 0.07%) has outperformed QSPIX (expense ratio 2.33%) YTD, I YR, 3 YR, and since QSPIX's inception almost 5 years ago. My statement was neither incorrect nor misleading. I compar...
by InertiaMan
Wed Nov 14, 2018 1:08 pm
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 1616
Views: 251144

Re: QSPIX - thoughts on interesting fund

Well, sure if you move the goal posts. What happened to all the "Equity like expected return, with half the volitility" talk? Moving goalposts? I used the very goalposts you used in your earlier post. "equity-like" is a subjective term, but I don't think its unreasonable to consider ~ 5% to be in t...
by InertiaMan
Wed Nov 14, 2018 12:41 pm
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 1616
Views: 251144

Re: QSPIX - thoughts on interesting fund

Five years of under performance: "You can't judge the strategy on just 5 years of results" How exactly do you define underperformance? The 5 year history is 4.85% CAGR with 0.04 correlation to the US stock market. Whats not to like about that? Sure, we'd all prefer a CAGR in the 6-7% range, but eve...
by InertiaMan
Tue Nov 13, 2018 6:09 pm
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 1616
Views: 251144

Re: QSPIX - thoughts on interesting fund

Similar results can be achieved by adjusting the equity/bond mix of simpler portfolios without the increased cost/complexity that alternates inevitably incur. Garland Whizzer What evidence do you have to support this statement? Virtually any backtest in Portfolio Visualizer over the life of QSPIX (...
by InertiaMan
Fri Nov 09, 2018 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: Garden SFCU 4% 4-year CD, 6 month EWP
Replies: 35
Views: 2654

Re: Garden SFCU 4% 4-year CD, 6 month EWP

The details page for this offer now shows an "update" that they have concluded their special rates offer as of this afternoon (Friday Nov 9).

So that's it for 4%/4yr . . . at least for now.
by InertiaMan
Wed Nov 07, 2018 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: DAF - Vanguard or Fidelity? (donor advised fund)
Replies: 31
Views: 2962

Re: DAF - Vanguard or Fidelity? (donor advised fund)

A significant distinction between the two DAFs, and one that I've not seen mentioned in this thread, is the minimum size of the grant to a charity. The Fidelity DAF will distribute as little as $50, while Vanguard Charitable requires $500 or more. $500 eliminates a LOT of small "spontaneous" donatio...
by InertiaMan
Mon Nov 05, 2018 4:25 pm
Forum: Personal Investments
Topic: Fidelity-Very Negative Experience with Inheritance Services
Replies: 13
Views: 3954

Re: Fidelity-Very Negative Experience with Inheritance Services

I called the Inheritor Services number today to ask some background questions about the mechanics of Survivor Options on brokered CDs and payments to listed beneficiaries. Was on hold for 74 minutes before the Fido system abruptly hung up on me. Never did speak to anyone. Doesn't bode well for futur...