Search found 763 matches

by snowman
Fri Jan 11, 2019 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 181
Views: 18162

Re: Fidelity as a one stop shop

I emailed a question to Fidelity over 48 hours ago. Havent received a response even though response time is 24-48 hours. So much for the bragged stellar service. Vanguard always responds within 24 hours. I don't mean any disrespect, but why would you email a question when 24/7 online chat is availa...
by snowman
Wed Jan 09, 2019 11:28 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard quick to close accounts
Replies: 17
Views: 2415

Re: Vanguard quick to close accounts

Why not leave a small balance in the vanguard account? Going through the Merrell Edge site, I believe the simplest way was to check transfer entire assets. No where did it state that the account would be closed if I did this. No big deal, just thought it was odd to close the account. Again, if Merr...
by snowman
Wed Jan 09, 2019 10:13 am
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1425
Views: 236106

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Thanks Mike. Yes these are retirement accounts. Seems logical the way you described it. Will give it a shot. Thanks again for taking your time to reply!
by snowman
Mon Jan 07, 2019 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: $40,000 in debt, bankruptcy seems to be the best option right now
Replies: 258
Views: 20161

Re: $40,000 in debt, bankruptcy seems to be the best option right now

Excellent suggestions so far, but I would offer slightly different perspective. OP’s parents gave him down payment money just 3 short months ago to buy what clearly is too much of a house. I don’t know what they were thinking when they did that – maybe they thought their kid and grand kids lived in ...
by snowman
Mon Jan 07, 2019 12:46 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1425
Views: 236106

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

For those of you that have entered, exited, and re-entered Merrill Edge bonus land, what is the best way to exit? I see that they charge $49.95 for full account transfer, but $0 for partial account transfer. It seems to me that the best way is to leave couple dollars in the account to keep it open ...
by snowman
Mon Jan 07, 2019 12:34 pm
Forum: Personal Finance (Not Investing)
Topic: FAFSA - is it worth filling out?
Replies: 108
Views: 5465

Re: FAFSA - is it worth filling out?

Since FAFSA doesn’t ask about your home equity, or balance in retirement accounts, or assets in parent’s business with fewer than 100 employees, there really isn’t much to disclose besides how much cash you have in your checking/savings accounts as of today. That may be the case in many instances, ...
by snowman
Sun Jan 06, 2019 11:56 pm
Forum: Personal Finance (Not Investing)
Topic: FAFSA - is it worth filling out?
Replies: 108
Views: 5465

Re: FAFSA - is it worth filling out?

The worst part was they told us the FAFSA was now a part of her records and she had the legal right to see it if she wanted. The FAFSA is the student's document, not the parents'. The student has to sign the FAFSA under penalty of law, certifying that all information on the document is complete and...
by snowman
Sun Jan 06, 2019 8:54 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1425
Views: 236106

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

For those of you that have entered, exited, and re-entered Merrill Edge bonus land, what is the best way to exit? I see that they charge $49.95 for full account transfer, but $0 for partial account transfer. It seems to me that the best way is to leave couple dollars in the account to keep it open a...
by snowman
Sat Jan 05, 2019 8:11 pm
Forum: Personal Finance (Not Investing)
Topic: $40,000 in debt, bankruptcy seems to be the best option right now
Replies: 258
Views: 20161

Re: $40,000 in debt, bankruptcy seems to be the best option right now

I agree with so many excellent suggestions, but I have the same question someone already asked up thread: how on earth did you get approved for mortgage 3 months ago? With all that CC debt, and income to debt ratio approaching 50%? Is the mortgage agreement done with your parents, not the bank?
by snowman
Sat Jan 05, 2019 7:58 pm
Forum: Personal Finance (Not Investing)
Topic: $40,000 in debt, bankruptcy seems to be the best option right now
Replies: 258
Views: 20161

Re: $40,000 in debt, bankruptcy seems to be the best option right now

I see a lot of remarks on the water bill. Without knowing how many gallons the op uses per month, it is a little bit of a waste of time to go after. I've lived in many cities across the us and typically use between 1200 gallons to 2500 gallons a month in most cities I lived in. This resulted in wat...
by snowman
Fri Jan 04, 2019 3:34 pm
Forum: Investing - Help with Personal Investments
Topic: Consolidate to Fidelity?
Replies: 50
Views: 2884

Re: Consolidate to Fidelity?

On Vanguard, my individual 401K account is displayed with all my other accounts, and I can see its transactions just like any other account. The same is true at Fidelity - your individual 401k would be displayed with all other accounts. Now go ahead and click on it to see transactions. Can't. Have ...
by snowman
Fri Jan 04, 2019 12:08 pm
Forum: Investing - Help with Personal Investments
Topic: Consolidate to Fidelity?
Replies: 50
Views: 2884

Re: Consolidate to Fidelity?

RickBoglehead wrote:
Fri Jan 04, 2019 11:49 am
On Vanguard, my individual 401K account is displayed with all my other accounts, and I can see its transactions just like any other account.
The same is true at Fidelity - your individual 401k would be displayed with all other accounts.
by snowman
Fri Dec 28, 2018 10:44 am
Forum: Personal Finance (Not Investing)
Topic: Child Tax Credit and H&R Block Software 2018
Replies: 9
Views: 517

Re: Child Tax Credit and H&R Block Software 2018

Mine are elementary age. I assume this will get corrected on Jan. 3, but that could be too late if I need to realize extra income before the end of the year. Use FreeTaxUSA. It calculated the child tax credit correctly for a test case I ran. This is correct. We have 2 college kids so no CTC for us ...
by snowman
Sat Dec 22, 2018 11:55 am
Forum: Personal Finance (Not Investing)
Topic: Expensive Colleges - Investment Worth It
Replies: 67
Views: 2570

Re: Expensive Colleges - Investment Worth It

OP, I still don’t understand what exactly happened and when. A lot of BHs post similar question – is the top 10 school worth it? And you will get a lot of responses, both ways. However, the issue today for vast majority of students and parents is not ROI, the issue is getting accepted! Was she accep...
by snowman
Fri Dec 21, 2018 1:30 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1425
Views: 236106

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Quick question for those that transferred traditional IRA in the past and received the bonus: I assume there was NO 1099 from the broker since the amount is going to be taxed upon withdrawal - is that correct? I am working on my projected taxes for 2018 and it's the first year I have ever done the ...
by snowman
Fri Dec 21, 2018 11:48 am
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1425
Views: 236106

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Quick question for those that transferred traditional IRA in the past and received the bonus: I assume there was NO 1099 from the broker since the amount is going to be taxed upon withdrawal - is that correct? I am working on my projected taxes for 2018 and it's the first year I have ever done the b...
by snowman
Mon Dec 17, 2018 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 181
Views: 18162

Re: Fidelity as a one stop shop

Can anyone confirm if you're required to have both a CMA & separate brokerage account to make the overdraft work, or can you simply buy a MMF within the CMA and "overdraft" from that? You don't need brokerage account. I only have CMA. I don't keep any cash - 100% in MMF. Any time I do ACH, write a ...
by snowman
Sat Dec 15, 2018 11:56 am
Forum: Personal Finance (Not Investing)
Topic: Obamacare (ACA) Ruled Unconstitutional by Texas Federal Court
Replies: 190
Views: 14486

Re: Obamacare (ACA) Ruled Illegal by Texas Federal Court

New Jersey made it mandatory to carry health insurance or face a penalty so nothing changes for me as a resident. If this ruling stands, you might not be able to actually get that required health insurance. I don't see how this ruling would strike down the NJ law. People can buy health insurance ou...
by snowman
Fri Dec 14, 2018 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: Moving from Schwab to another bank
Replies: 36
Views: 1835

Re: Moving from Schwab to another bank

Sorry, should have made it a bit more clear! I was wondering if there was a Schwab-like product with a brick and mortar presence. Sometimes I have to deposit cash (not terribly often), and its a bit of a pain to go buy a money order somewhere and then deposit it online. I don't think there is. That...
by snowman
Fri Dec 14, 2018 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: Forgoing health insurance
Replies: 112
Views: 5253

Re: Forgoing health insurance

It's not just health insurance - it's also insurance against bankruptcy. I am surprised you are even considering the idea. What does your spouse say?
by snowman
Fri Dec 14, 2018 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Roth IRA for kids
Replies: 100
Views: 10611

Re: Roth IRA for kids

Question to snowman: I tried to open a Roth IRA for kid, and could not find the link to open the minor account. So I send a message to Vanguard support and was told to open an account for minor, I have to send paper application through mail. You mentioned you did everything online. How did you do i...
by snowman
Wed Dec 12, 2018 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: How Much Is Enough?
Replies: 41
Views: 24718

Re: How Much Is Enough?

OP,

Thanks for update! I am glad you listened to my advise... and that it worked out the way I expected it to work out.

Congrats on your second child!
by snowman
Wed Dec 12, 2018 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: Setting Up Accounts For Minors
Replies: 20
Views: 1053

Re: Setting Up Accounts For Minors

There have been several threads about this topic over the years, please use the search function at the top of the page. You will get plenty advise. I also agree with advise to call CS at companies you are considering – I got great advise at a time from Vanguard, TDA, Fidelity and Capital One when I ...
by snowman
Tue Dec 11, 2018 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA for kids
Replies: 100
Views: 10611

Re: ROTH Ira for kids

OK, please let me know if I got this right: My daughter just turned 16 and started at job as an independent contractor. Knowing the tax rule, we only let her work this year until she earned $400. Since she will NOT generate a 1099, I was under the assumption that she couldn't open a Roth IRA. But a...
by snowman
Mon Dec 10, 2018 7:15 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA for kids
Replies: 100
Views: 10611

Re: ROTH Ira for kids

Any downsides that I should know about regarding Vanguard? As far as what exactly? Anything you've found frustrating with them? Nothing really. Accounts were easy to open and transfer, all done online. Selected online statements and confirmations so I don't have to deal with paper. Chose dividend r...
by snowman
Mon Dec 10, 2018 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA for kids
Replies: 100
Views: 10611

Re: ROTH Ira for kids

Terri-bh wrote:
Mon Dec 10, 2018 3:51 pm
Any downsides that I should know about regarding Vanguard?
As far as what exactly?
by snowman
Mon Dec 10, 2018 3:28 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA for kids
Replies: 100
Views: 10611

Re: ROTH Ira for kids

TDA allows multiple accounts with a single login, I have had it set up like that for many years with no problem. I used TDA because it was the only firm with free Vanguard ETF trades. We no longer have accounts at TDA - I moved kids' minor Roth IRA accounts to Vanguard, and ours to ME for a very nic...
by snowman
Sun Dec 09, 2018 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: Financial planning for new military member - multiple questions
Replies: 36
Views: 2134

Re: Financial planning for new military member - multiple questions

nords, thanks again, really appreciate your time and effort! He got his ROTC scholarship and signed the contract in the fall of 2016. He got his CAC card only this year, in August I believe. Based on this, it seems like he "should" get the 4% additional match next year when he commissions and choose...
by snowman
Sun Dec 09, 2018 11:05 am
Forum: Personal Consumer Issues
Topic: New QUIET Tires for Accord
Replies: 37
Views: 2593

Re: New QUIET Tires for Accord

OP, I have a few thoughts for you. One is that Accords were never quiet cars, though they do get quieter with each major redesign. I can tell you that 2014 is MUCH more quiet compared to my 2003, but it's louder than comparable Toyota or Nissan. If the noise really bothers you, you bought the wrong...
by snowman
Sun Dec 09, 2018 10:30 am
Forum: Personal Finance (Not Investing)
Topic: ACA - prove you don't have income
Replies: 22
Views: 3139

Re: ACA - prove you don't have income

I've got a somewhat related question -- simply for curiosity sake (since I'm not on any ACA plan... yet...) For the premium/subsidy part of this discussion, I understand that it doesn't make that big of a difference if you get the subsidy monthly, by paying a lower monthly premium each month, OR ge...
by snowman
Sun Dec 09, 2018 10:25 am
Forum: Personal Finance (Not Investing)
Topic: Financial planning for new military member - multiple questions
Replies: 36
Views: 2134

Re: Financial planning for new military member - multiple questions

Thank you, nords, for a such a long and very detailed response! I really appreciate you taking your time to share your knowledge! I do have clarifying question on TSP matching of 4%, if you don’t mind. You write: “His 4% matching contribution (for a total of 5% agency/matching contributions) will st...
by snowman
Sat Dec 08, 2018 4:48 pm
Forum: Personal Consumer Issues
Topic: PC Build Suggestions
Replies: 39
Views: 3040

Re: PC Build Suggestions

I have been building PCs and servers for 20+ years, I never had any issue with static. Here are my suggestions - all common sense: Work on the table, not on the ground Work in a well lit area Work slowly and methodically, don't rush, take your time Always touch metal part of the case before touching...
by snowman
Sat Dec 08, 2018 4:32 pm
Forum: Personal Consumer Issues
Topic: New QUIET Tires for Accord
Replies: 37
Views: 2593

Re: New QUIET Tires for Accord

OP, I have a few thoughts for you. One is that Accords were never quiet cars, though they do get quieter with each major redesign. I can tell you that 2014 is MUCH more quiet compared to my 2003, but it's louder than comparable Toyota or Nissan. If the noise really bothers you, you bought the wrong...
by snowman
Sat Dec 08, 2018 11:49 am
Forum: Personal Consumer Issues
Topic: New QUIET Tires for Accord
Replies: 37
Views: 2593

Re: New QUIET Tires for Accord

OP, I have a few thoughts for you. One is that Accords were never quiet cars, though they do get quieter with each major redesign. I can tell you that 2014 is MUCH more quiet compared to my 2003, but it's louder than comparable Toyota or Nissan. If the noise really bothers you, you bought the wrong ...
by snowman
Mon Dec 03, 2018 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: Financial planning for new military member - multiple questions
Replies: 36
Views: 2134

Re: Financial planning for new military member - multiple questions

My home of record had a state income tax that did not provide any military exemption. I did my initial training in Florida (no state income tax), was commissioned there, and then changed my state of legal residence to Florida. The only difference between changing state of legal residence before or ...
by snowman
Mon Dec 03, 2018 9:49 am
Forum: Personal Finance (Not Investing)
Topic: Financial planning for new military member - multiple questions
Replies: 36
Views: 2134

Re: Financial planning for new military member - multiple questions

My DD1 is Navy - I remember there was some weird difference between traditional and Roth TSP contributions, at least a few years ago. One could only be designated by %, the other only by $ amount. She was trying to split between the two, and it was never clean. Things may have been integrated toget...
by snowman
Sun Dec 02, 2018 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: Financial planning for new military member - multiple questions
Replies: 36
Views: 2134

Re: Financial planning for new military member - multiple questions

I didn't read the previous post until just now. I don't remember those limits but I suspect that they are correct. However, if you look at the tsp forms online in PDF it appears it makes no reference to a contribution percentage limit. When I signed up for Roth when it first started I just put in a...
by snowman
Sun Dec 02, 2018 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: Financial planning for new military member - multiple questions
Replies: 36
Views: 2134

Re: Financial planning for new military member - multiple questions

I changed my state twice and it's just as easy as filling out a form. It is so easy in fact it feels like you're doing something wrong. I also got a local drivers license and registered to vote just to keep everything clean. Yes he can max his tsp and Roth and put all 19k in during his first 6 mont...
by snowman
Sun Dec 02, 2018 11:54 am
Forum: Personal Finance (Not Investing)
Topic: Financial planning for new military member - multiple questions
Replies: 36
Views: 2134

Re: Financial planning for new military member - multiple questions

Getting off-topic now, but this whole state residency concept is frustrating for me. After moving 7 or 8 times in 10 years of active duty, we have no sense of home or connection to state or local politics anywhere, but legally and administratively everything still revolves around the idea that we h...
by snowman
Sat Dec 01, 2018 2:41 pm
Forum: Personal Consumer Issues
Topic: Why is Costco gas so much cheaper
Replies: 119
Views: 10792

Re: Why is Costco gas so much cheaper

In my town, out of about 15 gas stations, Coctco is 2.19, the rest is 2.55-2.61. The difference used to be about 10 cents/gallon for months, but in the past 2 weeks Costco's price was dropping almost daily while the rest held steady. I too was wondering why such an unusually high difference in price...
by snowman
Sat Dec 01, 2018 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: Financial planning for new military member - multiple questions
Replies: 36
Views: 2134

Re: Financial planning for new military member - multiple questions

You can't arbitrarily choose a state of residence in the military. You need to have established residency according to that state's rules first, and then you can do the military paperwork. Once you've set your residency, you don't have to change it when moving on military orders. A number of states...
by snowman
Sat Dec 01, 2018 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: Financial planning for new military member - multiple questions
Replies: 36
Views: 2134

Re: Financial planning for new military member - multiple questions

I'd recommend he establish residency in Minnesota now and get a Minnesota driver's license. http://www.revenue.state.mn.us/individuals/individ_income/Pages/183-Day_Rule.aspx Since he plans to buy the used car from you at graduation, I'd also consider having him buy the car and get Minnesota tags / ...
by snowman
Sat Dec 01, 2018 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: Financial planning for new military member - multiple questions
Replies: 36
Views: 2134

Re: Financial planning for new military member - multiple questions

3.1 and 3.2: The 60 day point is the maximum time before they auto enroll you, not the minimum time before you can enroll. The actual limiting factor is getting into all of the right payroll systems and websites you need to finally make an election. The minute he has access to this site (mypay? Can...
by snowman
Sat Dec 01, 2018 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: Financial planning for new military member - multiple questions
Replies: 36
Views: 2134

Financial planning for new military member - multiple questions

Hi all, My son is college senior, engineering major, in AFROTC, and will graduate in May 2019. He is CO resident (as are we), but goes to school in MN, and will probably serve his first couple of years in OH (starting next July). We talked the other day about financial planning, and I wasn’t really ...
by snowman
Wed Nov 28, 2018 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: Divorce [financial implications]
Replies: 109
Views: 14423

Re: Divorce [financial implications]

It depends on who you marry. DW and I have been happily married for 30 years now. Many on these boards married far longer than us. I would not throw in the towel on marriage based on one bad experience (or the experiences of some others you know). However, if burned once before, a pre-nup might not...
by snowman
Thu Nov 15, 2018 10:07 am
Forum: Personal Finance (Not Investing)
Topic: ACA MAGI, dependent, and subsidies questions
Replies: 17
Views: 1130

Re: ACA MAGI, dependent, and subsidies questions

OP, We are in similar situation – 2 parents, 1 kid (now 2 kids) in college, on ACA since it opened. Our monthly premiums are also going up substantially. Nothing you can do about that, however, when you do your 2019 taxes, you can get money back depending on your actual 2019 MAGI. Your daughter’s in...
by snowman
Fri Oct 19, 2018 11:32 am
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1425
Views: 236106

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

If the transfer out fee is assessed without sufficient balance, it shows as a negative balance in the account and persists during the transfer. I had this happen a few years ago with an IRA, and it stayed negative for almost a year (!) until I made a trade at the receiving/destination broker. So th...
by snowman
Wed Aug 15, 2018 7:07 pm
Forum: Personal Finance (Not Investing)
Topic: Brokerage checking: Fidelity, Schwab, or Vanguard
Replies: 36
Views: 3908

Re: Brokerage checking: Fidelity, Schwab, or Vanguard

No experience with Schwab or Vanguard, but Fidelity CMA is outstanding! Free checks, ATMs, bill pay etc. You can purchase MMF within CMA account to earn higher interest (which also acts as free overdraft protection). Plus their excellent customer service. Really cannot think of any negative.
by snowman
Wed Aug 01, 2018 6:45 pm
Forum: Personal Consumer Issues
Topic: Time to sell my 2003 Accord?
Replies: 33
Views: 2233

Re: Time to sell my 2003 Accord?

This is normal maintenance, and fairly cheap actually. I got the same car, 230K miles on it. Had to replace starter at around 170K miles, $100 DIY (super easy access). Brakes DIY are $100 for complete set of Centric rotors and Akebono pads per axle. Belt is easy DIY - $20 part. I would definitely ke...
by snowman
Wed Aug 01, 2018 5:10 pm
Forum: Personal Finance (Not Investing)
Topic: Create taxable events to claim AOTC (Amer Opp Tax Crdt)
Replies: 16
Views: 834

Re: Create taxable events to claim AOTC (Amer Opp Tax Crdt)

As others already pointed out, 40% of AOTC is refundable (so up to $1k). Then you have the non-refundable credit up to full remaining amount. Also, don't forget that for 2018 you will receive $500 non-refundable credit per dependent who doesn't qualify for Child tax credit. So if you have 2 kids in ...