Search found 985 matches

by jacoavlu
Fri Sep 11, 2020 9:33 pm
Forum: Personal Finance (Not Investing)
Topic: Cash App linked to Vanguard Brokerage to pay bills
Replies: 19
Views: 1244

Re: Cash App linked to Vanguard Brokerage to pay bills

besides, have you gone to the app store and read reviews for the Cash app?

happy Schwab bank and brokerage customer here for 15+ years
by jacoavlu
Thu Sep 10, 2020 10:10 am
Forum: Personal Finance (Not Investing)
Topic: How Are 401(k) Profit Sharing Calculated?
Replies: 11
Views: 591

Re: How Are 401(k) Profit Sharing Calculated?

Employee Fiduciary should absolutely be able to handle new comparability profit sharing. True but OP is coming to an online forum for answers , somethings shaky somewhere ?? right, read the original post again. Why do we assume EF is making some mistake? OP provided an instruction to TPA, they came...
by jacoavlu
Thu Sep 10, 2020 9:09 am
Forum: Personal Finance (Not Investing)
Topic: How Are 401(k) Profit Sharing Calculated?
Replies: 11
Views: 591

Re: How Are 401(k) Profit Sharing Calculated?

Employee Fiduciary should absolutely be able to handle new comparability profit sharing.
by jacoavlu
Wed Sep 09, 2020 10:36 pm
Forum: Personal Investments
Topic: Correcting excess after-tax 401K contribution
Replies: 6
Views: 497

Re: Correcting excess after-tax 401K contribution

^^^ doesn’t make sense to me. Bonus is determined and paid a few months into the next year, but company considers this prior year income? And this is considered wages? Is this all W2 income? Or are you an owner in an S Corp or Partnership and some of this is income on a K-1? Again I think a first st...
by jacoavlu
Wed Sep 09, 2020 9:46 pm
Forum: Personal Investments
Topic: Correcting excess after-tax 401K contribution
Replies: 6
Views: 497

Re: Correcting excess after-tax 401K contribution

“my company and I” please clarify what is the composition of the contributions - how much employee deferral, voluntary employee after tax, and employer match / profit sharing ? how on earth did the company allow this to happen? Is this a closely held company ? It’s not common to have a plan that all...
by jacoavlu
Wed Sep 09, 2020 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: How Are 401(k) Profit Sharing Calculated?
Replies: 11
Views: 591

Re: How Are 401(k) Profit Sharing Calculated?

The questions are precisely those you should be asking your TPA - Employee Fiduciary.

Did you run projections for New Comparability profit sharing before you set up the plan?
by jacoavlu
Thu Jul 23, 2020 11:06 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off Phone Bill via Amex Platinum or Debit Card?
Replies: 40
Views: 2953

Re: Pay off Phone Bill via Amex Platinum or Debit Card?

Right now Amex is offering $20 month to pay for your phone bill. Verizon offers $5/line, since I have only three lines this may be the only time it makes sense to pay via Amex haha there’s a thread on this and I outlined the best way to do this - if you time the Amex payment correctly relative to y...
by jacoavlu
Wed Jul 22, 2020 11:03 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off Phone Bill via Amex Platinum or Debit Card?
Replies: 40
Views: 2953

Re: Pay off Phone Bill via Amex Platinum or Debit Card?

Right now Amex is offering $20 month to pay for your phone bill. Verizon offers $5/line, since I have only three lines this may be the only time it makes sense to pay via Amex haha there’s a thread on this and I outlined the best way to do this - if you time the Amex payment correctly relative to y...
by jacoavlu
Mon Jul 20, 2020 1:56 pm
Forum: Personal Investments
Topic: Profit Sharing Options vs Self direct account
Replies: 10
Views: 421

Re: Profit Sharing Options vs Self direct account

baseline question is, is the SEP IRA legitimate in the first place

based on the information provided, I'm not sure it is.

If it is not, everything after that is moot.
by jacoavlu
Mon Jul 20, 2020 1:36 pm
Forum: Personal Investments
Topic: Profit Sharing Options vs Self direct account
Replies: 10
Views: 421

Re: Profit Sharing Options vs Self direct account

My first year I was treated as an independent contractor and paid on K-1. My understanding is that this is all self-emplyed income. I am paid the same way now, but the first year did not have access to the retirement account that I now do as a partner. I don't get it. Form K-1 is to report a partne...
by jacoavlu
Fri Jul 17, 2020 4:33 pm
Forum: Personal Investments
Topic: Profit Sharing Options vs Self direct account
Replies: 10
Views: 421

Re: Profit Sharing Options vs Self direct account

For the first year, I was not a partner and thus could not contribute to the profit sharing plan. Thus I opened at SEP-IRA. who advised you that this was allowable? Were you solely an employee of the practice in 2019? Or were you an independent contractor? If you were an employee, did you have any ...
by jacoavlu
Wed Jul 15, 2020 7:40 pm
Forum: Personal Investments
Topic: Maintaining/Contributing to a SEP and a Solo 401k
Replies: 2
Views: 174

Re: Maintaining/Contributing to a SEP and a Solo 401k

agree w above But, I am pretty sure a prototype sep ira and solo 401k could run concurrently. Schwab offers a prototype sep If you’re doing a solo k that allows voluntary after tax contributions then it’s not a typical free brokerage plan. In this case, consider using a proper TPA like employee fidu...
by jacoavlu
Sat Jul 11, 2020 11:54 am
Forum: Non-US Investing
Topic: World Bonds or US Treasuries?
Replies: 14
Views: 1073

Re: World Bonds or US Treasuries?

ah, my apologies
by jacoavlu
Sat Jul 11, 2020 11:46 am
Forum: Non-US Investing
Topic: World Bonds or US Treasuries?
Replies: 14
Views: 1073

Re: World Bonds or US Treasuries?

BNDW may be a good candidate, if you only want a single ETF
by jacoavlu
Sun Jul 05, 2020 5:38 pm
Forum: Personal Investments
Topic: E-Trade and mega backdoor Roth
Replies: 53
Views: 4948

Re: E-Trade and mega backdoor Roth

Schwab, Fidelity, E*TRADE, and others can provide a trust account to function as custodian of the money. But that’s a minor issue.

The real issue is the plan document.

There is no mega backdoor Roth capable plan document available for free.
by jacoavlu
Sun Jul 05, 2020 12:47 pm
Forum: Personal Investments
Topic: E-Trade and mega backdoor Roth
Replies: 53
Views: 4948

Re: E-Trade and mega backdoor Roth

If your goal is a mega backdoor plan without paying for a MBDR capable plan document, or going with a proper TPA, I don’t think there’s an option, same as before
by jacoavlu
Fri Jul 03, 2020 9:36 am
Forum: Personal Investments
Topic: Is wealthfront Stock Level investing under appreciated by Boglehead community?
Replies: 47
Views: 2932

Re: Is wealthfront Stock Level investing under appreciated by Boglehead community?

re Wealthfront shifts that may derail an investor's goals Go to Wealthfront.com and find stock level tax loss harvesting, click learn more from there you can read a little blurb and find the link to read their stock level tax loss harvesting white paper click that link and the first paragraph of the...
by jacoavlu
Thu Jul 02, 2020 9:03 pm
Forum: Personal Investments
Topic: Is wealthfront Stock Level investing under appreciated by Boglehead community?
Replies: 47
Views: 2932

Re: Is wealthfront Stock Level investing under appreciated by Boglehead community?

With stock level investing does their trading algorithm avoid wash sales?

You could end up with lots of wash sales - defeating them purpose of the auto TLH - especially if you’re frequently adding new money to the account (weekly?) meaning you’re constantly buying.
by jacoavlu
Sat Jun 27, 2020 4:33 pm
Forum: Investing - Theory, News & General
Topic: lump sum investing vs dollar cost averaging in the present market
Replies: 66
Views: 3272

Re: lump sum investing vs dollar cost averaging in the present market

Do you see yourself under just about any circumstances needing this money in the next 5-10 years? no this is for my children or for me say 30 years from now. The point is I saw an article showing that LSI usually outperforms, but when it doesn't, it can underperform a lot compared to DCA. I try to ...
by jacoavlu
Sat Jun 20, 2020 11:02 am
Forum: Investing - Theory, News & General
Topic: Wiki - Dollar cost averaging: Disagreement with basic premise
Replies: 64
Views: 3192

Re: Wiki - Dollar cost averaging: Disagreement with basic premise

If the endpoint of DCA is a lower balance due to both the lower returns and lost time-in-the-market “both” ? those are the same thing. The lower expected returns are due to the time out of the market. Yes, they might be the same thing. I was thinking that being out of the market is different from b...
by jacoavlu
Sat Jun 20, 2020 9:42 am
Forum: Investing - Theory, News & General
Topic: Wiki - Dollar cost averaging: Disagreement with basic premise
Replies: 64
Views: 3192

Re: Wiki - Dollar cost averaging: Disagreement with basic premise

bertilak wrote: Sat Jun 20, 2020 8:31 am If the endpoint of DCA is a lower balance due to both the lower returns and lost time-in-the-market
“both” ?

those are the same thing. The lower expected returns are due to the time out of the market.
by jacoavlu
Fri Jun 19, 2020 10:04 am
Forum: Personal Finance (Not Investing)
Topic: Amex platinum card - $20 streaming and wireless provider credit
Replies: 38
Views: 3385

Re: Amex platinum card - $20 streaming and wireless provider credit

Losing the Verizon autopay discount is expected if you are making a payment with credit card The Verizon autopay discount is per Verizon billing cycle The Amex credit is per calendar month My plan is to use those facts to my advantage. Now I can not be sure if Verizon would take away the autopay dis...
by jacoavlu
Tue Jun 16, 2020 9:43 am
Forum: Personal Consumer Issues
Topic: Outdoor / Patio ceiling fan recommendation?
Replies: 23
Views: 964

Re: Outdoor / Patio ceiling fan recommendation?

have people used outdoor fans on a down rod for a patio? We’re finishing a covered outdoor living area now which is open on 3 sides and exposed to wind Electrician recommended ceiling hugger style fan as one on a down rod he advised will sway with wind too much and loosen and eventually become unsta...
by jacoavlu
Mon Jun 15, 2020 11:17 pm
Forum: Investing - Theory, News & General
Topic: Small business retirement (Guideline vs Employee Fiduciary)
Replies: 17
Views: 903

Re: Small business retirement (Guideline vs Employee Fiduciary)

What you need is a good Third Party Administrator. One that can walk you through things and present you a proposal, various scenario for a safe harbor plan with profit sharing. Guideline isn’t really that. They’re fine for a lot of people. But not what you need. Employee Fiduciary can be what you ne...
by jacoavlu
Wed Jun 10, 2020 12:07 am
Forum: Personal Consumer Issues
Topic: How to get back fees paid to telemedicine provider?
Replies: 56
Views: 3791

Re: How to get back fees paid to telemedicine provider?

I might have tried to get a friend in the home country to ship MIL her refill
by jacoavlu
Mon Jun 08, 2020 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: Better.com not waiving appraisal
Replies: 6
Views: 684

Re: Better.com not waiving appraisal

I tried a while back to get a refi without appraisal, this would have been at like 50% or less LTV and couldn't find anyone to accomodate. Partly out of principle I was bothered since house like 5 yr old, made significant improvements in landscaping since initial loan, county appraised value has gon...
by jacoavlu
Thu Jun 04, 2020 12:32 pm
Forum: Investing - Theory, News & General
Topic: DR recommending i stay home from work for entire 3ed trimester of Pregnant Fiancé
Replies: 46
Views: 3965

Re: DR recommending i stay home from work for entire 3ed trimester of Pregnant Fiancé

Studies are impossible. Retrospective studies and anecdotal evidence is all you can do

but one can look at what happens with other corona viruses and what has happened with similar episodes in the past, SARS and MERS
by jacoavlu
Wed Jun 03, 2020 11:37 pm
Forum: Personal Investments
Topic: Moving solo 401k from E-Trade to TDA
Replies: 18
Views: 789

Re: Moving solo 401k from E-Trade to TDA

can you open a biz brokerage acct at E*TRADE and use that as a transfer conduit to avoid checks and wasted time?

E*TRADE has always treated us well and we have individual and Corp investment accounts there.
by jacoavlu
Wed Jun 03, 2020 11:13 pm
Forum: Investing - Theory, News & General
Topic: DR recommending i stay home from work for entire 3ed trimester of Pregnant Fiancé
Replies: 46
Views: 3965

Re: DR recommending i stay home from work for entire 3ed trimester of Pregnant Fiancé

One of the challenges in interpreting such statements is almost every doctor always assumes, out of an abundance of caution, that pregnancy is a risk factor for any and everything for which there is not abundant research indicating low risk. Likewise there isn't any research supporting that Covid-1...
by jacoavlu
Wed Jun 03, 2020 9:42 pm
Forum: Investing - Theory, News & General
Topic: DR recommending i stay home from work for entire 3ed trimester of Pregnant Fiancé
Replies: 46
Views: 3965

Re: DR recommending i stay home from work for entire 3ed trimester of Pregnant Fiancé

One of the challenges in interpreting such statements is almost every doctor always assumes, out of an abundance of caution, that pregnancy is a risk factor for any and everything for which there is not abundant research indicating low risk. Likewise there isn't any research supporting that Covid-1...
by jacoavlu
Wed Jun 03, 2020 8:25 pm
Forum: Personal Investments
Topic: Moving solo 401k from E-Trade to TDA
Replies: 18
Views: 789

Re: Moving solo 401k from E-Trade to TDA

if it’s only an issue once employee deferral is maxed out why not simply not max out employee deferral until final payroll?
by jacoavlu
Tue Jun 02, 2020 6:17 pm
Forum: Investing - Theory, News & General
Topic: Why Dollar Cost Averaging (DCA) is a mental accounting bias and should never be used [vs. lump sum]
Replies: 760
Views: 34572

Re: Why Dollar Cost Averaging (DCA) is a mental accounting bias and should never be used

And one should understand that if they have any debt, then they are investing with leverage. Because money is fungible Another “mental accounting bias” OP seems to ignore I thought it was irrelevant to the topic. but that's kinda the point, considering leverage irrelevant to the topic I would consi...
by jacoavlu
Tue Jun 02, 2020 5:19 pm
Forum: Investing - Theory, News & General
Topic: Why Dollar Cost Averaging (DCA) is a mental accounting bias and should never be used [vs. lump sum]
Replies: 760
Views: 34572

Re: Why Dollar Cost Averaging (DCA) is a mental accounting bias and should never be used

Another “mental accounting bias” OP seems to ignore Yes, the OP "ignored" many other unrelated topics. For example he did not discuss repeatedly doubling down to recoup losses at a casino, another questionable tactic, probably because it had no bearing on Dollar Cost Averaging. unrelated? as in som...
by jacoavlu
Tue Jun 02, 2020 5:03 pm
Forum: Investing - Theory, News & General
Topic: Why Dollar Cost Averaging (DCA) is a mental accounting bias and should never be used [vs. lump sum]
Replies: 760
Views: 34572

Re: Why Dollar Cost Averaging (DCA) is a mental accounting bias and should never be used

I disagree, because part of investing is managing one's behavior, and for many , DCA makes it less likely that they'll panic if the market drops after a big purchase. So it's not just mental accoutiny - more like a small fee for behavior insurance. One can better manage one's behavior if one unders...
by jacoavlu
Tue Jun 02, 2020 11:48 am
Forum: Investing - Theory, News & General
Topic: DR recommending i stay home from work for entire 3ed trimester of Pregnant Fiancé
Replies: 46
Views: 3965

Re: DR recommending i stay home from work for entire 3ed trimester of Pregnant Fiancé

as a consumer of health care and medical advice it is always good practice to try to see if what is being recommended makes sense A good place to start would be ACOGs covid 19 resource page https://www.acog.org/en/Topics/COVID-19 I perused and didn’t see any sort of recommendation that would suggest...
by jacoavlu
Tue Jun 02, 2020 9:57 am
Forum: Investing - Theory, News & General
Topic: Why Dollar Cost Averaging (DCA) is a mental accounting bias and should never be used [vs. lump sum]
Replies: 760
Views: 34572

Re: Why Dollar Cost Averaging (DCA) is a mental accounting bias and should never be used

While many or most agree that lump sum is better than DCA, can all agree that DCA is better than not investing? I view it like this. Do I use the diving board or the staircase to enter the pool? Either way, what matters is that I get in the pool. Regards, you would never get out of the pool via the...
by jacoavlu
Mon Jun 01, 2020 11:11 pm
Forum: Investing - Theory, News & General
Topic: Why Dollar Cost Averaging (DCA) is a mental accounting bias and should never be used [vs. lump sum]
Replies: 760
Views: 34572

Re: Why Dollar Cost Averaging (DCA) is a mental accounting bias and should never be used

OP I spot on correct. Is there anything wrong to do something one knows is a bit irrational if it makes them feel better? Is it ok to do something a bit irrational if it helps prevent one from felling “really really bad?” After all, delaying an investment by a few months is trivial in the course of...
by jacoavlu
Mon Jun 01, 2020 11:09 pm
Forum: Investing - Theory, News & General
Topic: Why Dollar Cost Averaging (DCA) is a mental accounting bias and should never be used [vs. lump sum]
Replies: 760
Views: 34572

Re: Why Dollar Cost Averaging (DCA) is a mental accounting bias and should never be used

If I received a "windfall" - the actual dollar amount may be different for me or you - I would probably DCA over six months.... To be clear I would never remove a windfall amount from my portfolio, and then DCA it back in. So now tell me, why is DCA'ing wrong for me in a windfall scenario? The two ...
by jacoavlu
Mon Jun 01, 2020 10:54 pm
Forum: Investing - Theory, News & General
Topic: Why Dollar Cost Averaging (DCA) is a mental accounting bias and should never be used [vs. lump sum]
Replies: 760
Views: 34572

Re: Why Dollar Cost Averaging (DCA) is a mental accounting bias and should never be used

So now tell me, why is DCA'ing wrong for me in a windfall scenario? The only reason to dca is because you are unaware or don't care about the mental accounting bias at play. If you want to make yourself feel better to invest irrationally, then that's the right decision for you. But I'd argue you're...
by jacoavlu
Mon Jun 01, 2020 10:40 pm
Forum: Investing - Theory, News & General
Topic: Why Dollar Cost Averaging (DCA) is a mental accounting bias and should never be used [vs. lump sum]
Replies: 760
Views: 34572

Re: Why Dollar Cost Averaging (DCA) is a mental accounting bias and should never be used

If I received a "windfall" - the actual dollar amount may be different for me or you - I would probably DCA over six months.... To be clear I would never remove a windfall amount from my portfolio, and then DCA it back in. So now tell me, why is DCA'ing wrong for me in a windfall scenario? The two ...
by jacoavlu
Mon Jun 01, 2020 10:03 pm
Forum: Investing - Theory, News & General
Topic: Why Dollar Cost Averaging (DCA) is a mental accounting bias and should never be used [vs. lump sum]
Replies: 760
Views: 34572

Re: Why Dollar Cost Averaging (DCA) is a mental accounting bias and should never be used

OP is actually saying "never DCA" and it seems to me it boils down to expected returns Perhaps the OP could chime in regarding their logic, and the mental accounting bias of ignoring debt when investments are considered. OP is saying to never DCA but it does not have anything to do with expected re...
by jacoavlu
Mon Jun 01, 2020 9:13 pm
Forum: Investing - Theory, News & General
Topic: Why Dollar Cost Averaging (DCA) is a mental accounting bias and should never be used [vs. lump sum]
Replies: 760
Views: 34572

Re: Why Dollar Cost Averaging (DCA) is a mental accounting bias and should never be used

I think DCA makes 0 sense in any circumstance and is an entirely a mental accounting bias. Let's say today you had 300k in an 80/20 portfolio. Would you ever think, now is the time to take less risk, pull 200k out, and slowly put it back in? That's equivalent to having a 100k 80/20 portfolio and ge...
by jacoavlu
Mon Jun 01, 2020 9:09 pm
Forum: Investing - Theory, News & General
Topic: Why Dollar Cost Averaging (DCA) is a mental accounting bias and should never be used [vs. lump sum]
Replies: 760
Views: 34572

Re: Why Dollar Cost Averaging (DCA) is a mental accounting bias and should never be used

But what if your 300 K 80/20 also has a 200 K mortgage and 200 K in equity in their home? Certainly there are many in such a situation, perhaps the majority of people, have some debt. That portfolio is not 80/20. Almost everyone is using leverage, we just don’t think of it that way. Isn’t that also...
by jacoavlu
Mon Jun 01, 2020 8:21 pm
Forum: Investing - Theory, News & General
Topic: Why Dollar Cost Averaging (DCA) is a mental accounting bias and should never be used [vs. lump sum]
Replies: 760
Views: 34572

Re: Why Dollar Cost Averaging (DCA) is a mental accounting bias and should never be used

But what if your 300 K 80/20 also has a 200 K mortgage and 200 K in equity in their home? Certainly there are many in such a situation, perhaps the majority of people, have some debt. That portfolio is not 80/20. Almost everyone is using leverage, we just don’t think of it that way. Isn’t that also ...
by jacoavlu
Mon Jun 01, 2020 8:07 pm
Forum: Investing - Theory, News & General
Topic: Why Dollar Cost Averaging (DCA) is a mental accounting bias and should never be used [vs. lump sum]
Replies: 760
Views: 34572

Re: Why Dollar Cost Averaging (DCA) is a mental accounting bias and should never be used

I think DCA makes 0 sense in any circumstance and is an entirely a mental accounting bias. Let's say today you had 300k in an 80/20 portfolio. Would you ever think, now is the time to take less risk, pull 200k out, and slowly put it back in? That's equivalent to having a 100k 80/20 portfolio and ge...
by jacoavlu
Sun May 31, 2020 12:08 pm
Forum: Personal Investments
Topic: Roth IRA for a minor child?
Replies: 40
Views: 2254

Re: Roth IRA for a minor child?

My assumption was incorrect. Her paperwork for application includes a W-4, and some additional items so it is clear she will be considered an employee
by jacoavlu
Sun May 31, 2020 11:23 am
Forum: Personal Investments
Topic: Roth IRA for a minor child?
Replies: 40
Views: 2254

Re: Roth IRA for a minor child?

my young teen plans to do some detasseling this summer. I am guessing she’ll end up getting a 1099 for this. We plan to establish a Roth IRA for her as this will be her first earned income. Clearly I’ll need to do some learning around all this. It would seem to me she’s an employee and not at IC. Bu...
by jacoavlu
Sun May 31, 2020 10:06 am
Forum: Personal Investments
Topic: M1 or SoFi Customer Service
Replies: 28
Views: 1024

Re: M1 or SoFi Customer Service

^I looked at the M1 link about the 9:00 am thing and it is described as a "window." 9:00 am is not a window in any sense of the word, so one should call them up about that. 9:00 am could be a deadline. The stock market does not open until 9:30 am on the days that it is open. It is very unlikely tha...