Search found 8404 matches

by placeholder
Thu Mar 28, 2024 12:55 am
Forum: Personal Investments
Topic: Rolling into the TSP after military service?
Replies: 10
Views: 666

Re: Rolling into the TSP after military service?

If you're this worried just pick up the phone and call that number on the web site.
by placeholder
Thu Mar 28, 2024 12:54 am
Forum: Personal Investments
Topic: First ever job, help with 401k portfolio
Replies: 13
Views: 589

Re: First ever job, help with 401k portfolio

Trillotrix wrote: Wed Mar 27, 2024 8:01 pm That's likely the case, I've just been looking at differences day by day, and I notice that although VOO rises on some days, the state street S&P 500 falls. I'm assuming that this is an erroneous assumption and I should be looking at how they perform over longer periods of time.
Never compare a mutual fund to an etf because the former isn't priced through the day but only hours after close of market.
by placeholder
Wed Mar 27, 2024 6:45 pm
Forum: Personal Investments
Topic: First ever job, help with 401k portfolio
Replies: 13
Views: 589

Re: First ever job, help with 401k portfolio

Trillotrix wrote: Wed Mar 27, 2024 4:27 pm I'm also a little confused by State Street S&P 500, it doesn't seem to perform the same as index funds like VOO and I'm a little confused why.
That's unlikely and probably reflects an error on your part so where did you get the performance data for the fund and what is the interval?
by placeholder
Wed Mar 27, 2024 2:14 am
Forum: Investing - Theory, News & General
Topic: Never selling shares
Replies: 55
Views: 3970

Re: Never selling shares

avalpert1 wrote: Tue Mar 26, 2024 5:12 pm No, it isn't ideal because it means you worked longer than you needed to and/or consumed less than you could in retirement (and before).
By the same token only having enough to support your current spending is perilous if you have need of money for something else so with normal events my pension and social security will cover it but if I have physical problems I will spend 10k or 20k a month for the very top notch home care if I want because I have the money and any I don't need goes to the family and that's fine too.
by placeholder
Wed Mar 27, 2024 12:28 am
Forum: Personal Investments
Topic: Is it possible to Exchange AAPL stock for VTSAX at Vanguard?
Replies: 8
Views: 1223

Re: Is it possible to Exchange AAPL stock for VTSAX at Vanguard?

Usually you can buy with unsettled funds you just can't sell what you bought until settlement is complete.
by placeholder
Tue Mar 26, 2024 11:55 pm
Forum: Personal Consumer Issues
Topic: So what are you cooking
Replies: 972
Views: 111034

Re: So what are you cooking

Throwback meal of sloppy joes and stir fried green beans.
by placeholder
Tue Mar 26, 2024 5:57 pm
Forum: Personal Investments
Topic: Rollover and asset transfer question
Replies: 4
Views: 350

Re: Rollover and asset transfer question

If it made sense for you to dca the funds then it would make sense for everyone with an ira to sell everything and dca.
by placeholder
Tue Mar 26, 2024 5:42 pm
Forum: Personal Investments
Topic: transferring an IRA from Schwab to Vanguard - problem ("ineligble account")
Replies: 7
Views: 605

Re: transferring an IRA from Schwab to Vanguard - problem ("ineligble account")

Five or six steps seems like a lot so it would be possibly helpful if you described what you did specifically rather than in vague terms.
by placeholder
Tue Mar 26, 2024 5:37 pm
Forum: Personal Investments
Topic: Rolling into the TSP after military service?
Replies: 10
Views: 666

Re: Rolling into the TSP after military service?

On their web site it states:
You can roll over money from eligible retirement plans, such as a 401(k), 403(b), or traditional IRA, to your existing TSP account. There are multiple advantages to rollover contributions to the TSP, and you can use this option even after you retire.
https://www.tsp.gov/tsp-basics/move-money-into-tsp/

The word is that this applies to any reason for leaving as long as an active plan remains but she could call the thrift line mentioned in the article.
by placeholder
Tue Mar 26, 2024 5:02 pm
Forum: Personal Consumer Issues
Topic: So what are you cooking
Replies: 972
Views: 111034

Re: So what are you cooking

vbdoug wrote: Tue Mar 26, 2024 4:35 pm Currently cooking a Costco brisket in my Walmart crockpot.
Either that's not a whole brisket or it's very large crockpot.
by placeholder
Tue Mar 26, 2024 2:19 am
Forum: Personal Finance (Not Investing)
Topic: TSP loans don't seem like that bad of an idea
Replies: 20
Views: 1613

Re: TSP loans don't seem like that bad of an idea

Regarding the have to pay back immediately that is not the case anywhere due to changes in the law and in particular the rules for the tsp are:
If you have an outstanding loan when you separate from service, you have three options:

Keep the loan active by setting up monthly payments by check, money order, or recurring direct debits. The payment will be changed to a monthly schedule, if necessary; however, the maximum time limit for paying off your loan will still apply.

Pay off the loan by the required deadline.

Allow the loan to be foreclosed and accept any taxable portion of the outstanding balance and accrued interest as taxable income.
https://www.tsp.gov/tsp-loans/
by placeholder
Tue Mar 26, 2024 1:26 am
Forum: Personal Consumer Issues
Topic: So what are you cooking
Replies: 972
Views: 111034

Re: So what are you cooking

Tonight I used half a leftover steak to make quesadillas with an avocado and sour cream sauce.
by placeholder
Tue Mar 26, 2024 12:36 am
Forum: Personal Investments
Topic: Wells Fargo WellsTrade brokerage account access question
Replies: 34
Views: 3932

Re: Wells Fargo WellsTrade brokerage account access question

I was a wellstrade user for years back around 2008 or so with the premium program that had free etf and mutual fund purchases when that was unusual and the only problem I had was that the required linked checking account needed you to do some activities with it to keep it from being closed then when I left I had no trouble using acats to transfer out the etfs I had.
by placeholder
Mon Mar 25, 2024 5:58 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 7760
Views: 1350961

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

JReality wrote: Mon Mar 25, 2024 2:43 pm Thanks. Wondering how they'll recoup the bonus if I just park in a 3-month Treasury ETF the whole time and I do adhere to the details?
I took advantage of the 2k for 100k transfer by sending a chunk of an etf over there and buy some sgov with the bonus then letting it ride.
by placeholder
Mon Mar 25, 2024 5:55 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 7760
Views: 1350961

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Because Vanguard charged me 12.25% interest when I had forgotten (presumably) to move some money out of a Vanguard MM fund into the core account after a bond purchase, I'm thinking about moving some of the Vanguard money into Tastytrade to get a bonus. At the tier that I'm thinking of moving over, the bonus would be over 1%. Wondering how it works out profitable for TT? What if I were to just park all the funds at TT in a 3-month T-bill ETF and let it sit there for 12 months and then withdraw all (or most) of the money after the 12 months? How do they make a profit off of that? As has been mentioned a bonus program or any other deal to attract customers isn't required to make a profit on each customer just in the aggregate just like someon...
by placeholder
Mon Mar 25, 2024 5:49 pm
Forum: Investing - Theory, News & General
Topic: Robinhood 3% IRA Match
Replies: 1542
Views: 119021

Re: Robinhood 3% IRA Match

Curious how others might value the match in this situation: Option 1) Transfer rollover IRA of 200k for a ~6k match and let sit at robinhood for 5 years Option 2) Roll IRA into employer 401k to enable backdoor roth contributions for next 5 years I'm keeping my pre-tax rollover funds in my employer's 401k plan. I value a Roth bonus more than a Traditional bonus, and I'm not willing to give up being able to convert a backdoor Roth for the next several years . The conversion step of the backdoor Roth doesn't have to happen in the same year as contribution. You can do the bonus and simply defer the conversion for 5 years. Meanwhile, keep that money in bonds (in accordance with overall asset allocation). The income tax you'll pay on 5 years of ...
by placeholder
Sun Mar 24, 2024 9:35 pm
Forum: Personal Finance (Not Investing)
Topic: Timing my retirement date
Replies: 15
Views: 1677

Re: Timing my retirement date

I worked through january of the final year to both have some some roth ira money and to be able to put the prior year bonus into the 401k .
by placeholder
Sun Mar 24, 2024 9:21 pm
Forum: Personal Consumer Issues
Topic: Walmart Plus Feels Like A Scam
Replies: 53
Views: 5979

Re: Walmart Plus Feels Like A Scam

cashmoney wrote: Sun Mar 24, 2024 11:48 am
Nyc10036 wrote: Sun Mar 24, 2024 11:20 am I chose shipping for a $6.97 Walmart+ order.
It was delivered from a local store which was unexpected.
This happens all the time and then you feel obligated to tip 5.00 for a 6.97 order that you didn't even need the same.
Whenever I get delivery they just leave it and go.
by placeholder
Sun Mar 24, 2024 2:23 am
Forum: Personal Consumer Issues
Topic: Walmart Plus Feels Like A Scam
Replies: 53
Views: 5979

Re: Walmart Plus Feels Like A Scam

I just use target redcard which besides the 5% cash back has free standard shipping which is good enough for the relatively small amount of stuff and if I really need it and it's in stock I'll go with pickup plus I like that anything bought through the website regardless of whether it's an affiliate you can return to a store.
by placeholder
Sun Mar 24, 2024 1:59 am
Forum: Investing - Theory, News & General
Topic: direct roth ira contribution over MAGI limit
Replies: 5
Views: 530

Re: direct roth ira contribution over MAGI limit

tes1388 wrote: Sat Mar 23, 2024 10:37 pm If I recharacterize my 2023 direct Roth IRA contributions to traditional, and then convert it back to my Roth IRA by tax day, wouldn't it still be considered a 2023 backdoor roth IRA contribution and go on my 2023 8606?
There is no such thing as a backdoor roth contribution only roth contributions or traditional contributions so your 2023 roth contribution would become a 2023 traditional contribution then the conversion you do as part of the backdoor will be in the tax year it is performed or 2024 according to your plan.
by placeholder
Sat Mar 23, 2024 12:45 am
Forum: Personal Finance (Not Investing)
Topic: Medigappers: which plan do you have and why
Replies: 89
Views: 5018

Re: Medigappers: which plan do you have and why

Northern Flicker wrote: Sat Mar 23, 2024 12:11 am An insurance broker who specializes in medicare policies told someone I know that United American offers many (or all) of their G-HD customers an 1-time opportunity to upgrade to a G plan after 2 years on their G-HD plan.

I don't know if that is true for all customers or all states or even if true at all, but it is interesting.
Even if they do their regular g plans in my area are over $300 per month so it would make no sense at all.
by placeholder
Fri Mar 22, 2024 10:22 pm
Forum: Personal Investments
Topic: retirement income - reinvesting dividends
Replies: 4
Views: 872

Re: retirement income - reinvesting dividends

I never reinvest dividends in etfs for a couple reasons:

1. I transfer assets often and fractional shares are a pain
2. I use the cash for rebalancing or spending as needed
by placeholder
Fri Mar 22, 2024 10:08 pm
Forum: Personal Finance (Not Investing)
Topic: 12 months before retirement what do you wish you had done
Replies: 70
Views: 8369

Re: 12 months from retirement what do you wish you had done

I'm not sure I understand the question so do you mean what I wish I had done in the last year before or just general things I wish I'd done before retiring because the answers are nothing for the first case and a myriad for the second.
by placeholder
Fri Mar 22, 2024 10:06 pm
Forum: Personal Investments
Topic: Back door Roth questions
Replies: 22
Views: 1448

Re: Back door Roth questions

shahhere wrote: Fri Mar 22, 2024 8:16 am I am also doing similar things and also helping my parents do Traditional IRA to ROTH conversions and find it annoying that contributions have Tax deadline while conversions have Dec 31st deadline!!!!!!!
There is no such thing as backdoor roth as some special irs feature there are only:

1. Contributions which since people often don't know whether or how much can be contributed or deducted until their taxes are prepared so there is an extension to tax day
2. Conversions which can be done at any time and have no relationship to contributions other than there must be money to convert and so are done on a tax year basis
by placeholder
Fri Mar 22, 2024 6:03 pm
Forum: Personal Investments
Topic: When one is ready to retire and pull out of the market.
Replies: 44
Views: 4875

Re: When one is ready to retire and pull out of the market.

TheQuestionGuy wrote: Fri Mar 22, 2024 6:38 am Used to think Bonds were the place, but just a few years ago many Bonds dropped double digits.
Odd how no one complained when there was a double digit increase over a couple years before that and I don't know how you get to be a long time member of the forum and investor without understanding how bond valuations work.
by placeholder
Fri Mar 22, 2024 6:01 pm
Forum: Personal Investments
Topic: When one is ready to retire and pull out of the market.
Replies: 44
Views: 4875

Re: When one is ready to retire and pull out of the market.

Some years before retirement I had moved from 70/30 to 60/40 and have not changed that over the past six years but I did start a company pension so I've effectively been living on that although with no cola that will eventually erode but I can start social security if I want or use dividends from the taxable as a slow withdrawal method.
by placeholder
Fri Mar 22, 2024 5:19 pm
Forum: Personal Consumer Issues
Topic: Good Modern Science Fiction
Replies: 766
Views: 150951

Re: Good Modern Science Fiction

I have just started Machine Vendetta by Alastair Reynolds which is the third and I think final book in the revelation space prefect dreyfuss subseries.
by placeholder
Fri Mar 22, 2024 5:02 pm
Forum: Personal Finance (Not Investing)
Topic: Medigap Plan G: Any Reason To Not Shop Soley By Price?
Replies: 23
Views: 1730

Re: Medigap Plan G: Any Reason To Not Shop Soley By Price?

Svensk Anga wrote: Fri Mar 22, 2024 10:13 am
placeholder wrote: Fri Mar 22, 2024 2:02 am If you have perfect health and don't see any particular factors that will likely change that understanding the unexpected can happen I would consider high deductible g plans which will be significantly cheaper.
I think that you don't need perfect health to make G-HD the better choice. You just need better than average health.
I agree and in my case even though I have some risk factors most of that would resolve as medications which doesn't affect part b and I'm saving at least $125 per month over regular plan g which in these early years has been a big saving because I haven't even exceeded the part b deductible although only time will tell which would have been better.
by placeholder
Fri Mar 22, 2024 2:05 am
Forum: Personal Finance (Not Investing)
Topic: Roth Conversions
Replies: 7
Views: 888

Re: Roth Conversions

steadyosmosis wrote: Thu Mar 21, 2024 11:00 am I learned that I should Roth-convert within the 12% federal tax bracket.
Be wary in the 12% bracket if you have significant qualified dividends from taxable stock funds because those conversion might be a higher tax cost than it seems on a first glance due to bumping out qdivs from the 0% bracket to the 15% resulting in a net 27% tax.
by placeholder
Fri Mar 22, 2024 2:02 am
Forum: Personal Finance (Not Investing)
Topic: Medigap Plan G: Any Reason To Not Shop Soley By Price?
Replies: 23
Views: 1730

Re: Medigap Plan G: Any Reason To Not Shop Soley By Price?

If you have perfect health and don't see any particular factors that will likely change that understanding the unexpected can happen I would consider high deductible g plans which will be significantly cheaper.
by placeholder
Thu Mar 21, 2024 9:35 pm
Forum: Personal Investments
Topic: Interview questions for a retirement advisor
Replies: 2
Views: 426

Re: Interview questions for a retirement advisor

fi_no_retire wrote: Thu Mar 21, 2024 5:48 pm I'm planning for the decumulation phase of my life in the next few years and will want to find a retirement advisor to help with this. What are the key questions I should ask this person as I want to ensure they have expertise in retirement planning and tax efficiency, not so much accumulation planning?
Why not do what many do and just develop your own plan with advice from the forum?
by placeholder
Thu Mar 21, 2024 8:59 pm
Forum: Personal Investments
Topic: In-Service Rollover from Voya 401k to Individual 401k
Replies: 13
Views: 743

Re: In-Service Rollover from Voya 401k to Individual 401k

Rheuminator wrote: Thu Mar 21, 2024 7:09 pm
I’m not entirely sure what specific rule you might be alluding to here — I wasn’t planning to take a distribution, but instead rollover to a separate 401k.
A rollover is a distribution and is not allowed by law for employee deferrals including designated roth contributions unless age 59.5 or separated from service however other contributions like employer or employee aftertax might be.
by placeholder
Thu Mar 21, 2024 2:19 am
Forum: Personal Finance (Not Investing)
Topic: Simple things like writing a check, balancing a checkbook, depositing, withdrawing, interest. Teach a child... but how?
Replies: 39
Views: 2588

Re: Simple things like writing a check, balancing a checkbook, depositing, withdrawing, interest. Teach a child... but h

I have actually written more checks recently because my auto shop added a 3% charge to card transactions but it's still not many.
by placeholder
Thu Mar 21, 2024 1:08 am
Forum: Personal Investments
Topic: TIAA 403b: Rollover options to Vanguard after exit (Roth Backdoor hurdle)
Replies: 3
Views: 435

Re: TIAA 403b: Rollover options to Vanguard after exit (Roth Backdoor hurdle)

Your options are:

1. Traditional or rollover ira which would interfere with backdoor roth
2. Roth ira which would be taxable and if you are in an income situation requiring backdoor probably a bad idea
3. Regular brokerage which would be taxable and penalty if under 59.5 and the worst choice
4. Solo 401k which would be good if you had self employment income that would justify it

I would look into the suggestion above and roll into the existing plan at a new job if you have one or just leave it where it is if it's a good plan and quit getting too worried about consolidation.
by placeholder
Thu Mar 21, 2024 12:50 am
Forum: Personal Investments
Topic: Rebalancing Yearly in Taxable - how to LTCG?
Replies: 15
Views: 1339

Re: Rebalancing Yearly in Taxable - how to LTCG?

Now that I'm retired I have similar problems and while I have been using dividends to rebalance for year it's now the case that without the new money some things are out of range but I just haven't been worrying about it.
by placeholder
Thu Mar 21, 2024 12:41 am
Forum: Personal Investments
Topic: Taking long term capital gain
Replies: 11
Views: 1135

Re: Taking long term capital gain

Don't forget that qualified dividends share that 0% space that floats atop your ordinary income so be sure to include any of those in your calculations.
by placeholder
Wed Mar 20, 2024 10:47 pm
Forum: Investing - Theory, News & General
Topic: What happens if you overcontribute to an IRA and then the market tanks?
Replies: 11
Views: 1150

Re: What happens if you overcontribute to an IRA and then the market tanks?

exodusNH wrote: Wed Mar 20, 2024 10:23 pm You are always able to contribute the full amount to the IRA. You just might not be able to deduct it. You could always treat it as a non-deductible contribution and track the basis with form 8606.
I still haven't seen any clarification of whether this is a traditional or roth ira so the phase out might be real if the latter or a misunderstanding if tira.
by placeholder
Wed Mar 20, 2024 10:44 pm
Forum: Personal Finance (Not Investing)
Topic: Medigappers: which plan do you have and why
Replies: 89
Views: 5018

Re: Medigappers: which plan do you have and why

kavm wrote: Wed Mar 20, 2024 9:44 pm From reading the discussion, the rational choice for us (1-2 years away) would be G-HD. The main drawback I see is the hassle of needing to pay (a small fraction) of every single charge (until the deductible). Whereas with G, you don’t really see the bill at all. How much weight to put on this convenience factor is not clear? But, it might push me towards plan G.
Remember that with either plan there is a part b deductible which for this year is $240 that neither pays so in my first couple years I haven't exceeded that so it didn't matter which I had other than ghd was cheaper and I had to pay some things out of pocket.
by placeholder
Wed Mar 20, 2024 8:11 pm
Forum: Investing - Theory, News & General
Topic: Investing in traditional IRA
Replies: 13
Views: 1047

Re: Investing in traditional IRA

Lyrrad wrote: Wed Mar 20, 2024 8:06 pm It can make sense to roll over the deducible contributions and earnings into an employer 401(k) type or solo 401(k) plan. If they accept rollovers, I don't think they can accept basis, so they're one possible way of clearing the tax-deferred portion of the Traditional IRA and allowing for a backdoor Roth.
They can't and there exists a special provision that's an exception to the pro rata rule for distributions which allows rolling only pretax to plans.
by placeholder
Wed Mar 20, 2024 8:08 pm
Forum: Personal Finance (Not Investing)
Topic: Medigappers: which plan do you have and why
Replies: 89
Views: 5018

Re: Medigappers: which plan do you have and why

tj wrote: Wed Mar 20, 2024 7:46 pm That's not correct. The G HD does not pay the part A deductible for you. If it did....I think more people would use it.
It pays the deductible subject to the plan deductible just as it pays the 20% that part b doesn't so it's one of the covered expenses.
by placeholder
Wed Mar 20, 2024 7:54 pm
Forum: Investing - Theory, News & General
Topic: ACATS and cost basis
Replies: 4
Views: 549

Re: ACATS and cost basis

When was the transfer completed?
by placeholder
Wed Mar 20, 2024 7:51 pm
Forum: Investing - Theory, News & General
Topic: Newbie here: Not clear on ETFs vs Mutual Funds
Replies: 26
Views: 1659

Re: Newbie here: Not clear on ETFs vs Mutual Funds

I've been all etfs from around 2009 or so for ease of transferring and have used my holdings to generate thousands of dollars in transfer bonuses.
by placeholder
Wed Mar 20, 2024 7:49 pm
Forum: Investing - Theory, News & General
Topic: What happens if you overcontribute to an IRA and then the market tanks?
Replies: 11
Views: 1150

Re: What happens if you overcontribute to an IRA and then the market tanks?

You will need to clarify your question so are you referring to a roth ira because there is no income ceiling for contributing to a traditional and if roth then you should possibly recharacterize the contribution to traditional and convert depending on what other ira amounts you hold.
by placeholder
Wed Mar 20, 2024 7:45 pm
Forum: Investing - Theory, News & General
Topic: Investing in traditional IRA
Replies: 13
Views: 1047

Re: Investing in traditional IRA

papermario wrote: Wed Mar 20, 2024 7:00 pm Thank you! I will def look into filing the form starting this year.
No you need to file the form for all the past years as well which is doable because 8606 can be filed on its own.
by placeholder
Tue Mar 19, 2024 1:55 am
Forum: Investing - Theory, News & General
Topic: Genius of the Financial Industry
Replies: 44
Views: 3034

Re: Genius of the Financial Industry

How much does it say that you are paying and from what exactly?
by placeholder
Tue Mar 19, 2024 12:49 am
Forum: Personal Investments
Topic: Excess Roth IRA Contributions ?
Replies: 4
Views: 656

Re: Excess Roth IRA Contributions ?

Garymolly wrote: Mon Mar 18, 2024 1:19 pm Hi I’m in the same boat overcontributint for 2022 and 2023z I was wondering how you resolved this situation?
I'd recommend starting a new thread with your particulars rather than tagging on to this one.
by placeholder
Tue Mar 19, 2024 12:29 am
Forum: Personal Investments
Topic: Two ETFs in one taxable account vs two?
Replies: 7
Views: 889

Re: Two ETFs in one taxable account vs two?

It kind of sounds like you thought there would be something so what were you thinking might be the situation?
by placeholder
Tue Mar 19, 2024 12:04 am
Forum: Investing - Theory, News & General
Topic: Vanguard Announces CEO Retirement and Appointment of President
Replies: 372
Views: 36407

Re: Vanguard Announces CEO Retirement and Appointment of President

tj wrote: Mon Mar 18, 2024 9:12 pm
placeholder wrote: Mon Mar 18, 2024 8:26 pm
Merrill edge is one on the ones I like best.
I guess that's just proof that it's all subjective based on personal preference.
I need just a few things:

1. Account holdings which in my opinion they do very well as I can get views with individual accounts or grouped in various ways and can download those as csv files for my spreadsheet.
2. Buy or sell etfs on occasion and I find their transaction page to be extremely easy to use.

So I don't know what your particular issues are but it shines in necessary areas for me.