Search found 31 matches

by cwied
Mon Apr 22, 2019 11:40 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1207
Views: 155026

Re: Fidelity as a one stop shop

Is it possible to send funds from my fidelity account to her? Will EFT work in this case since these are two different individually owned fidelity accounts. In the past I've done this using bill-pay. I believe it does end up getting electronically settled, but if I recall correctly it might take a ...
by cwied
Sat Apr 20, 2019 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: Canada/Permanent US Resident- Does anyone pay capital gain when house is inherited?
Replies: 10
Views: 330

Re: Does anyone pay capital gain when house is inherited?

Inheriting a house does not trigger capital gains tax. Selling the house does. As you correctly said, you will get the stepped up cost basis, so unless the house sells for above that, you won't have to pay any capital gains tax. Ref: https://www.nolo.com/legal-encyclopedia/if-you-inherit-home-do-you...
by cwied
Mon Apr 08, 2019 12:20 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity CMA/Brokerage account question
Replies: 6
Views: 1173

Re: Fidelity CMA/Brokerage account question

You can set the brokerage account as the overdraft link for the CMA account so that you can permanently keep a $0 balance there. There is no need to ever transfer money - the overdraft automatically will pull the money from your brokerage account as well. This means the credit card payments can come...
by cwied
Fri Apr 05, 2019 3:28 pm
Forum: Personal Consumer Issues
Topic: Talk me in/out of $35k Tesla Model 3
Replies: 286
Views: 22447

Re: Talk me in/out of $35k Tesla Model 3

BoglePaul wrote:
Fri Apr 05, 2019 2:49 pm
How do the doors open if there is no power?
There's still a manual release lever. The windows stay up if there's no power, though, so there's more of a possibility of damaging them when opening using the manual levers.
by cwied
Fri Apr 05, 2019 2:31 pm
Forum: Personal Consumer Issues
Topic: French movies on Netflix
Replies: 40
Views: 2674

Re: French movies on Netflix

Unless your vocabulary is very advanced, one good way to start is to look for children's stories. A search for "histoires pour enfants" turns up quite a few on Youtube. The other strategy is to look for podcasts (especially podcasts with more than one person so you get conversation) in subjects you'...
by cwied
Sat Mar 23, 2019 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: Should I ditch bonds? (Because I have a mortgage)
Replies: 45
Views: 4061

Re: Should I ditch bonds? (Because I have a mortgage)

The logic of not holding bonds and a mortgage at the same time is based on the idea that you can just have a smaller mortgage instead of holding the bonds. This is a simplified notion and only really applies if you can easily pay down the mortgage from the place where you hold your bonds. If that's ...
by cwied
Thu Mar 21, 2019 11:32 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1207
Views: 155026

Re: Fidelity as a one stop shop

Thank you. IIRC, ATM limit is $500 per account per day. so another advantage of multiple accounts is that you can withdraw more than $500 if need be. The $500 limit is not a hard and fast rule. You may be able to get them to relax the limit if you often need to withdraw more than that. You may also...
by cwied
Wed Mar 20, 2019 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1207
Views: 155026

Re: Fidelity as a one stop shop

Thank you. IIRC, ATM limit is $500 per account per day. so another advantage of multiple accounts is that you can withdraw more than $500 if need be. The $500 limit is not a hard and fast rule. You may be able to get them to relax the limit if you often need to withdraw more than that. You may also...
by cwied
Wed Mar 20, 2019 11:20 am
Forum: Personal Finance (Not Investing)
Topic: Donating stock instead of cash to charities
Replies: 37
Views: 2035

Re: Donating stock instead of cash to charities

Fidelity DAF charges 0.6% or $100 a year whichever greater. Is DAF worth the fee? When I donated for a university scholarship fund raising, I filled out a university Stock Gift Form and Fidelity Transfer Shares as a Gift — Nonretirement form. Fidelity DAF only charges a fee if you maintain assets w...
by cwied
Tue Mar 12, 2019 9:52 pm
Forum: Personal Finance (Not Investing)
Topic: How many companies have you worked for?
Replies: 125
Views: 7942

Re: How many companies have you worked for?

For those who have had multiple jobs before 40, have you ever left a good paying, safe job for another opportunity that was riskier? I'm 51, on my 7th job (more if you count being acquired as a new job). I've joined risky opportunities each time (software startups). Of the 6 previous jobs, 3 basica...
by cwied
Tue Mar 12, 2019 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: Work or stay home for 1 year
Replies: 30
Views: 2174

Re: Work or stay home for 1 year

The thing that jumps out to me with this question is the expectation that being with little kiddies is a break from the hustle and bustle of working 9-5. I think it's more than likely just trading one kind of stress for another unless they're going to be at school most of the day, in which case the ...
by cwied
Tue Mar 12, 2019 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: Tricky HDHP/HSA situation
Replies: 7
Views: 781

Re: Tricky HDHP/HSA situation

2. If we elect to stay with my wife's HDHP this calendar year, but decide to remove myself or our children in 2020 - what happens if the 2020 open enrollment period for my wife and I's work don't match? In other words, what if her open enrollment for 2020 is Nov 15th-Nov 30th, but mine is Dec 15th-...
by cwied
Fri Mar 08, 2019 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: Employee stock options investment thesis?
Replies: 29
Views: 1962

Re: Employee stock options investment thesis?

99% sure that employee stock options as part of a compensation plan don't have Implied Volatility or Theta Decay. My ISO's certainly don't. If the company stock stays at $100 starting today until a year from today, my options would be worth exactly the same amount. Very different from options you'r...
by cwied
Fri Mar 08, 2019 5:06 pm
Forum: Personal Finance (Not Investing)
Topic: Preventive Care and Annual Physical 100% Covered but Charged?
Replies: 62
Views: 4447

Re: Preventive Care and Annual Physical 100% Covered but Charged?

No, of course I would not have been happy to find out I had advanced colon cancer. I would have been very surprised however, since I had no symptoms and there is no history of colon cancer in my family. The only reason I had the procedure was because doctors kept insisting on it. Most people who ar...
by cwied
Fri Jun 13, 2014 11:39 pm
Forum: Personal Finance (Not Investing)
Topic: Legal? [Employer Paid Time-Off to Flexible Vacation Policy]
Replies: 27
Views: 4358

Re: Legal?

I live and work in California and have always considered my "banked" PTO as compensation earned. If laid off or terminated, unused PTO is taxed and distributed along with a final check. I would be careful with this strategy. I've known companies to cut salaries before a lay off. Guess at what salar...
by cwied
Mon Apr 21, 2014 11:55 pm
Forum: Personal Finance (Not Investing)
Topic: POLL: why carry cash?
Replies: 243
Views: 22636

Re: POLL: why carry cash?

Has anyone studied whether there are people who spend less responsibly with cash since it's harder to keep track of transactions (unlike the credit card, which gives you a record of each one)? I would posit that although the psychological arguments mentioned have merit, there is also a real possibil...
by cwied
Wed Mar 19, 2014 8:05 pm
Forum: Personal Finance (Not Investing)
Topic: StartUp shares help
Replies: 3
Views: 483

Re: StartUp shares help

Another point is that all things being equal generally the earlier you join, the more shares you get. How long have your colleagues been at the company?
by cwied
Mon Mar 03, 2014 12:03 pm
Forum: Personal Investments
Topic: Need advice on employer stock purchase plan
Replies: 6
Views: 591

Re: Need advice on employer stock purchase plan

The 10% is free money. Why would you turn it down just because you have to pay taxes on it? Your financial goal should be to make as much money as possible, not to pay as few taxes as possible. Let's say you're paying 40% taxes on this extra money. If you're getting a $1610 profit each year from the...
by cwied
Sun Mar 02, 2014 11:02 pm
Forum: Personal Investments
Topic: Financial advisor wants me to roll a 401(k) into an IRA?
Replies: 98
Views: 10549

Re: Financial advisor wants me to roll a 401(k) into an IRA?

AFAIK, "fee-only" is generally recognized as being either AUM or fixed fee, with the former being more common. However, he should not be getting commissions or other kickbacks. That's what the "fee-only" implies. I don't think this guy is necessarily as evil as the impression you may get from this t...
by cwied
Sun Mar 02, 2014 9:37 pm
Forum: Personal Investments
Topic: Financial advisor wants me to roll a 401(k) into an IRA?
Replies: 98
Views: 10549

Re: Financial advisor wants me to roll a 401(k) into an IRA?

He may just be assuming that you have no interest in managing your own money. To give him the benefit of doubt, just tell him you would like to do your own management and are not interested in paying "asset under management" (AUM) fees. If his firm offers both services, he clearly would like to upse...
by cwied
Sat Feb 01, 2014 10:54 pm
Forum: Personal Investments
Topic: Best Mutual Funds\Investing Advice
Replies: 25
Views: 2105

Re: Best Mutual Funds\Investing Advice

The caveat with selling the stocks: I made a very risky investment in an oil-based penny stock (and some other risky plays) since I live at home and felt like I could afford it. Thus, selling everything now I would incur a large loss. Just a quick point: You've already incurred the large loss (see ...
by cwied
Sun Jan 12, 2014 12:22 am
Forum: Personal Consumer Issues
Topic: Buy new vs used RX 350
Replies: 29
Views: 14300

Re: Buy new vs used RX 350

Has anybody ever gone into a car dealership with a worked-out price, shook hands, wrote a check, and drove away clean? I was pleasantly surprised when I bought a Honda Odyssey a year and a half ago. I asked for quotes by email from all the dealers in the area and then gave the closest dealer the op...
by cwied
Tue Jan 07, 2014 11:36 pm
Forum: Personal Investments
Topic: allianz 222 fixed income annuity
Replies: 14
Views: 5503

Re: allianz 222 fixed income annuity

My uncle was sold several annuities by a "financial advisor" some time ago. Here's my impression based on my analysis of his contracts. The main reason the PR is too good to be true is that companies offering annuities use the same trick the lottery does to make the amount you've accumulated sound b...
by cwied
Mon Oct 08, 2012 3:42 pm
Forum: Investing - Theory, News & General
Topic: For New investors - Important Investing Concepts
Replies: 37
Views: 2918

Re: For New investors - Important Investing Concepts

I've recently started following the discussions here more actively, after having run across the bogleheads forums several times when searching for background information on financial or investing questions. I thought I could maybe add the perspective of a new user. The first thing I did after skimmi...
by cwied
Sun Sep 30, 2012 5:14 pm
Forum: Investing - Theory, News & General
Topic: Flawed explanations of prospect theory?
Replies: 10
Views: 1012

Re: Flawed explanations of prospect theory?

I reread the section on loss aversion and think that the point of the coin flip example was that the magnitude of the return demanded was irrational. Think about what the $75 expected value would translate to on a compounded basis given the time investment Even uncompounded you're talking about a 75...
by cwied
Mon Sep 17, 2012 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: Income Tax withholding allowances
Replies: 8
Views: 861

Re: Income Tax withholding allowances

Careful, there are legal ways to do this, and illegal ways to do this. Briefly, the US tax system is basically pay as you go, not wait until april and pay at one time. There are minimum payments which must be met throughout the year in order to avoid penalties. Now, in the specific circumstance whe...
by cwied
Sat Sep 15, 2012 1:08 pm
Forum: Personal Investments
Topic: [Portfolio Help] Starting a new job
Replies: 35
Views: 3886

Re: Starting a new job

Gemini - as I said I played this optimization game quite a bit earlier in my career. The number that you need is the total taxes you paid in 2011 (not the withholding - the total tax amount from your 1040). That is the amount you're aiming to withhold this year. Subtract the total year-to-date withh...
by cwied
Sat Sep 15, 2012 12:59 am
Forum: Personal Investments
Topic: [Portfolio Help] Starting a new job
Replies: 35
Views: 3886

Re: Starting a new job

Remember that what you're paying now is just the withholding, not your actual tax amount. The way the withholding tables work is that they assume you earn the same amount for the whole year. This means that in your situation, where you've had a big salary change, you're almost certainly over-withhol...
by cwied
Sat Sep 08, 2012 11:24 pm
Forum: Investing - Theory, News & General
Topic: Computational Investing
Replies: 3
Views: 1249

Re: Computational Investing

This course just started, and seems like it also might be interesting: https://www.coursera.org/course/compfinance Introduction to Computational Finance and Financial Econometrics Learn mathematical and statistical tools and techniques used in quantitative and computational finance. Use the open sou...
by cwied
Tue Aug 28, 2012 11:47 pm
Forum: Personal Finance (Not Investing)
Topic: Ohhh Boy, twins on the way...
Replies: 33
Views: 3907

Re: Ohhh Boy, twins on the way...

Congratulations! As a father of one year old twins myself, I know what that surprise feels like. You'll find it's pretty hectic in the beginning, but eventually things start settling down and seeming more manageable.
by cwied
Sun Aug 26, 2012 11:51 pm
Forum: Personal Investments
Topic: [Portfolio Help] Starting a new job
Replies: 35
Views: 3886

Re: Starting a new job

I'm a little confused about why there is so much concern about under-withholding. The safe harbor rules seem to give protection in exactly this case (where income is rising). The requirement is only to withhold at least as much as the previous year's taxes (110% if your previous year's income was ov...