Search found 100 matches

by 523HRR
Thu Oct 12, 2017 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: HSA’s: What level of risk do you prefer?
Replies: 58
Views: 3662

Re: HSA’s: What level of risk do you prefer?

Meaty wrote:
Mon Oct 09, 2017 6:01 pm
My HSA is 100% total stock market. I don’t, however, use it to pay medical expenses. I use it as a tax free way to save for medical expenses in retirement (20+ years from now) so I’m looking for maximizing growth.
+1
100% VTSAX
by 523HRR
Wed Sep 27, 2017 4:38 pm
Forum: Personal Finance (Not Investing)
Topic: New HSA provider Lively offers investments for $30/yr fee
Replies: 90
Views: 7304

Re: New HSA provider Lively offers investments for $30/yr fee

We save with OptumBank HSA. No fees. Funds are invested with Vanguard VTSAX at 0.04% expense ratio. Very happy. According to HSA Search, you are paying .03% portfolio fee plus a minimum of $3k or $2.75 monthly. Is that correct? If so Lively would seem to be slightly cheaper as well as having the fu...
by 523HRR
Wed Sep 27, 2017 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: New HSA provider Lively offers investments for $30/yr fee
Replies: 90
Views: 7304

Re: New HSA provider Lively offers investments for $30/yr fee

We save with OptumBank HSA. No fees. Funds are invested with Vanguard VTSAX at 0.04% expense ratio. Very happy.
by 523HRR
Sun Sep 03, 2017 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: Great Property Tax Site
Replies: 11
Views: 1051

Re: Great Property Tax Site

Looked up my house - their calculations are all messed up. First, they use an average rate for the county but in CT, taxes are assessed by each of the 169 towns. The mill rate can vary from 10 mills to 75. Secondly, the assessed value is 70% of market value. They underestimated my taxes by about 50...
by 523HRR
Thu Aug 31, 2017 7:32 pm
Forum: Personal Finance (Not Investing)
Topic: How many "investment" accounts do you have?
Replies: 61
Views: 6239

Re: How many "investment" accounts do you have?

Do you ever think about simplifying or consolidating? Yes, but it's a slow process for us as the legacy employer stuff is rather inflexible. Also, taxable accounts are titled in our individual trusts, respectively, so this tends to double up. Regardless, we monitor our asset allocation in totality ...
by 523HRR
Thu Aug 31, 2017 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: How many "investment" accounts do you have?
Replies: 61
Views: 6239

Re: How many "investment" accounts do you have?

Married couple.
37 financial accounts:

2 x checking
2 x savings
2 x money market
9 x brokerage accounts
5 x t-IRA
4 x Roth IRA
2 x 401k
6 x contributory pensions
2 x deferred compensation
1 x HSA
1 x ESA
1 x 529
by 523HRR
Sun Jul 30, 2017 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: Internal Job Offer Negotiations
Replies: 20
Views: 5860

Re: Internal Job Offer Negotiations

In my experience, internal promotional increases in large companies were quite healthy in the 80s and 90s. These days, zero increases for internal moves are not unusual. Your best leverage will be an external offer. Always keep your options open while communicating your desire to stay with the compa...
by 523HRR
Sat Jul 29, 2017 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Grandson just got married. Wants to add wife's name to accts
Replies: 32
Views: 4465

Re: Grandson just got married. Wants to add wife's name to accts

FelixTheCat wrote:My suggestion is do not commingle premarital property.
+1 Have been happily married over 20 years now and never had a joint account. Only our house is titled in both our names. Has worked well for us.
by 523HRR
Mon Jul 03, 2017 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: Can you share some of your financial goals?
Replies: 69
Views: 8314

Re: Can you share some of your financial goals?

These are the financial goals my wife and I set during our accumulation years (now retired): • Maximize wealth building, within an appropriate risk tolerance, so that we will not be poor in retirement. → Target = household net worth of $10 million and full retirement before age 55. • Maintain financ...
by 523HRR
Fri Jun 30, 2017 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: Those who max 401k
Replies: 55
Views: 7389

Re: Those who max 401k

My wife and I both just set our 401k contributions at 10%. Once the IRS pre-tax annual limit was reached, contributions just continued on an after-tax basis but still got the company-match. After ER, we converted the after-tax contributions to tax-free Roth IRA.
by 523HRR
Tue Jun 27, 2017 5:42 am
Forum: Personal Finance (Not Investing)
Topic: Fund Parent's Trusts
Replies: 18
Views: 2336

Re: Fund Parent's Trusts

Thank you, bsteiner.
by 523HRR
Mon Jun 26, 2017 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: Fund Parent's Trusts
Replies: 18
Views: 2336

Re: Fund Parent's Trusts

... This is how we structured our trusts in Connecticut. A Credit Shelter trust to take advantage of the full federal exemption, but a CT-only QTIP trust at the $2mm state estate tax exclusion amount. .... This is a common plan for people with medium size estates in states that allow a state-only Q...
by 523HRR
Sat Jun 24, 2017 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: Fund Parent's Trusts
Replies: 18
Views: 2336

Re: Fund Parent's Trusts

The bottom line is that many people in Illinois (including the original poster's parents) should limit the credit shelter to $4 million and create a state-only QTIP trust for the remaining $1,490,000. This is how we structured our trusts in Connecticut. A Credit Shelter trust to take advantage of t...
by 523HRR
Wed Jun 21, 2017 9:50 am
Forum: Personal Finance (Not Investing)
Topic: HSAs and "Saving Medical Receipts"
Replies: 96
Views: 8148

Re: HSAs and "Saving Medical Receipts"

My HSA is currently worth ~$77K on cumulative contributions of ~$51K since 2010. It's not really a big deal for me to save down EOBs, itemized provider invoices, and tax returns. I appreciate the tax-free growth of the HSA and plan to just let it ride into retirement. Not that concerned with an IRS ...
by 523HRR
Wed May 31, 2017 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella Insurance options
Replies: 33
Views: 3738

Re: Umbrella Insurance options

I am currently paying $453 per year for $5 million umbrella liability coverage with Electric Insurance. Discounts for GE employees, but not a requirement.
by 523HRR
Wed May 24, 2017 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Amended taxes, still not showing in IRS website
Replies: 8
Views: 860

Re: Amended taxes, still not showing in IRS website

Same thing happened to me. Amended return status never showed up. Called the IRS number (800-829-1040) after 8 weeks, and the representative eventually was able to confirm that they did receive the amended return and that they are still processing it. The prompts will eventually get you to a live pe...
by 523HRR
Thu May 18, 2017 6:27 pm
Forum: Investing - Theory, News & General
Topic: For those with $500k-$1m in investments...
Replies: 138
Views: 14397

Re: For those with $500k-$1m in investments...

Age: 54 (Retired since 2012). Married.

42% Taxable
49% Tax-Deferred (401k, IRAs, Deferred Compensation, Voluntary Pension)
9% Tax-Free (Roth 401k, Roth IRAs, Education IRA, 529, HSA)
by 523HRR
Fri May 05, 2017 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: Estate Planning for mobile individuals
Replies: 3
Views: 534

Re: Estate Planning for mobile individuals

Just one person's experience.... Back in the 90s, I had a position with a mega corp that was 100% travel, so I lived entirely out of a suitcase and did not maintain a residence for about five years. I had a mailing service with a New York P.O. box, and I listed my brother's address in Texas as my 'o...
by 523HRR
Wed May 03, 2017 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: [POLL] What is your personal saving rate?
Replies: 63
Views: 8368

Re: [POLL] What is your personal saving rate?

Over 15-20 years, our combined gross incomes were in the high six figures. We saved around 50% of gross making liberal use of NQ deferred compensation plans. Federal and state income/payroll taxes ate up ~35%, and we lived on ~15% of gross income.
by 523HRR
Wed May 03, 2017 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: Most "technologically savvy" bank?
Replies: 32
Views: 3516

Re: Most "technologically savvy" bank?

I have two accounts at Scottrade, titled exactly the same. I have to send a paper fax to move funds from one account to the other. The reps are absolutely embarrassed by this when I speak with them on the phone.
by 523HRR
Tue Apr 25, 2017 3:53 pm
Forum: Investing - Theory, News & General
Topic: Vanguard has switched to brokerage only accounts
Replies: 109
Views: 15086

Re: Vanguard has switched to brokerage only accounts

I never understood the point of the "non-brokerage" account model: multiple account numbers, multiple 1099s, ... Converted our mutual fund holdings to a single brokerage account a couple years ago; no problems; much simpler.
by 523HRR
Sat Apr 22, 2017 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: Deferred Compensation - Tax Management
Replies: 8
Views: 1563

Re: Deferred Compensation - Tax Management

I would echo most of the other comments here. Our mega corp employer allowed deferral of up to 50% of base salary and 100% of incentive compensation annually. My wife and I both deferred every bonus over ~20 years, as well as some salary deferrals back in the 90s. Funds have been invested primarily ...
by 523HRR
Tue Apr 18, 2017 5:41 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have an umbrella policy?
Replies: 141
Views: 15904

Re: Do you have an umbrella policy?

$5mm -- $453 annually.
by 523HRR
Tue Apr 04, 2017 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: Saving 50% of salary; what does it really mean?
Replies: 142
Views: 12177

Re: Saving 50% of salary; what does it really mean?

For us, saving 50+% of gross income over 15+ years was achievable due to dual careers where both our incomes were eligible for non qualified deferred compensation plans; up to 100% of incentive compensation (bonuses) and up to 50% of base salary could be deferred, thereby avoiding current income tax...
by 523HRR
Tue Feb 28, 2017 3:37 pm
Forum: Investing - Theory, News & General
Topic: Anyone using Optum Bank for HSA?
Replies: 16
Views: 1985

Re: Anyone using Optum Bank for HSA?

no fees? I think as of recently they are now charging 0.03% per month on all investments. If you look closely I bet you are now paying this fee. Have never incurred a fee on my account, other than the embedded 5bps annual expense ratio for the Vanguard Admiral shares. Account fees may vary dependin...
by 523HRR
Mon Feb 27, 2017 6:27 pm
Forum: Investing - Theory, News & General
Topic: Anyone using Optum Bank for HSA?
Replies: 16
Views: 1985

Re: Anyone using Optum Bank for HSA?

Our HSA has been with Optum Bank for 7+ years now. We avoid all fees keeping $5K in cash and invest the rest in VTSAX. No complaints.
by 523HRR
Fri Jan 20, 2017 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity free Turbotax
Replies: 132
Views: 20566

Re: Fidelity free Turbotax

I purchased the TurboTax 2016 Premier disc through Costco for $70 and sent the invoice to my Fidelity Private Client rep. Reimbursement deposited to my account yesterday.
by 523HRR
Mon Jan 09, 2017 6:08 pm
Forum: Investing - Theory, News & General
Topic: "Why 97% of People Don't Use 529 College Savings Plans."
Replies: 153
Views: 32925

Re: "Why 97% of People Don't Use 529 College Savings Plans."

We limit our annual 529 contribution to $10,000 as this is the amount that receives a state tax deduction in CT.
by 523HRR
Sun Jan 01, 2017 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: Joint accounts and monthly budgeting
Replies: 6
Views: 988

Re: Joint accounts and monthly budgeting

Happily married for over 20 years now, and we've never had a joint account. Has worked well for us.
by 523HRR
Tue Dec 27, 2016 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: Hit salary cap. Receiving lump sum in lieu of raise
Replies: 51
Views: 5975

Re: Hit salary cap. Receiving lump sum in lieu of raise

Based on my own long career in a mega corp, your company is informing you that, unless you are promoted to a higher level, your compensation growth is being throttled back and that your future earning potential will be limited in your current position. Start looking outside if your desire is to achi...
by 523HRR
Fri Dec 23, 2016 6:06 pm
Forum: Personal Finance (Not Investing)
Topic: How do you track your finances?
Replies: 79
Views: 7705

Re: How do you track your finances?

Everything is in Quicken.
by 523HRR
Fri Dec 23, 2016 6:04 pm
Forum: Personal Finance (Not Investing)
Topic: Any benefit putting investments with two firms?
Replies: 9
Views: 954

Re: Any benefit putting investments with two firms?

southbay wrote:I dont like all my eggs in one basket. I use Vanguard/Fidelity.

+1
I also don't like all my eggs in one basket. Plus, I enjoy the perks of multiple providers. I use Vanguard/Fidelity/Schwab/Scottrade.
by 523HRR
Sun Dec 18, 2016 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: Retirees: How much cash do you keep?
Replies: 103
Views: 10801

Re: Retirees: How much cash do you keep?

We hold ~6% of our investment portfolio in cash (money market accounts) representing approximately 2 1/2 years of household expenses & taxes.
by 523HRR
Thu Dec 01, 2016 6:54 pm
Forum: Personal Finance (Not Investing)
Topic: How do others handle their withdrawals or distributions
Replies: 17
Views: 2215

Re: How do others handle their withdrawals or distributions

I retired ~4 years ago and am in a similar position in that dividend income from our investment portfolio roughly covers our annual household spending. That said, we just invest for total return, regardless of dividend income, while maintaining our desired asset allocation. All dividends are reinves...
by 523HRR
Tue Oct 04, 2016 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: What you guys do with the bonus
Replies: 59
Views: 6137

Re: What you guys do with the bonus

Instead of taking bonuses in cash (and paying taxes), the wife and I deferred 100% of our bonuses (invested in S&P500 Index) over ~20+ years. Now paying out in early retirement.
by 523HRR
Sat Oct 01, 2016 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: Schwab account any good/unique features?
Replies: 22
Views: 2591

Re: Schwab account any good/unique features?

I have paid bills with Schwab on-line Bill Pay for years. Works great.
by 523HRR
Wed Sep 28, 2016 4:03 pm
Forum: Investing - Theory, News & General
Topic: If you own Vanguard Total Stock Market, do you re-invest dividends?
Replies: 75
Views: 10838

Re: If you own Vanguard Total Stock Market, do you re-invest dividends?

Retired for four years now. All dividends reinvested across all accounts.
by 523HRR
Sat Sep 10, 2016 5:35 pm
Forum: Personal Finance (Not Investing)
Topic: EMC/Dell Tax consequences to individuals
Replies: 10
Views: 8203

Re: EMC/Dell Tax consequences to individuals

Now that the Dell/EMC merger has been executed, does anyone know the appropriate fair value to assign the Dell VMware (DVMT) tracking stock shares for purposes of calculating the gain on relinquished EMC shares? Thanks.
by 523HRR
Fri Sep 09, 2016 8:32 am
Forum: Investing - Theory, News & General
Topic: Do Bogleheads Budget?
Replies: 113
Views: 15479

Re: Do Bogleheads Budget?

Track spending, but never kept to a budget. I'm trying to understand the deeper differences between "tracking expenses" and "budgeting". Nothing deep: I just look back occasionally at expenses to review actual spending, but I don't have a formal plan for purposes of controlling ...
by 523HRR
Thu Sep 08, 2016 6:50 pm
Forum: Investing - Theory, News & General
Topic: Do Bogleheads Budget?
Replies: 113
Views: 15479

Re: Do Bogleheads Budget?

Track spending, but never kept to a budget.
by 523HRR
Mon Sep 05, 2016 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: Is my salary inflated by my employer?
Replies: 32
Views: 4156

Re: Is my salary inflated by my employer?

I would agree with others that your salary is your salary, and your benefits are your benefits. Salary + Benefits = Total Compensation.
by 523HRR
Sat Sep 03, 2016 6:54 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirees, at what age did you "retire"? Is it working out?
Replies: 63
Views: 11392

Re: Early retirees, at what age did you "retire"? Is it working out?

Nothing magic, nothing crazy, no home runs, no inheritances. Healthy executive incomes and disciplined saving (40-50% of gross income) for many years was the key for us. Having only one child helped, despite funding 13 years of private school. Deferred every bonus, and banked all equity/options awa...
by 523HRR
Tue Aug 30, 2016 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: The Richest Man in Babylon
Replies: 29
Views: 6090

Re: The Richest Man in Babylon

I read " The Richest Man in Babylon" when I was a teenager. It was an influential read for me that has guided my financial thinking throughout my adult life.
by 523HRR
Tue Aug 30, 2016 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella policy and Collector car insurance
Replies: 16
Views: 1323

Re: Umbrella policy

We have $5mm umbrella policy with a teen driver through Electric Insurance: $453.
by 523HRR
Tue Aug 16, 2016 6:52 pm
Forum: Investing - Theory, News & General
Topic: Non profit organization investing
Replies: 8
Views: 995

Re: Non profit organization investing

I am Treasurer for a non-profit corporation, also with ~$200K. We have elected to open a business account at Fidelity and will be putting the money in a 5-year ladder of brokered CDs (FDIC-insured) currently offering ~1.6%.
by 523HRR
Mon Aug 15, 2016 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity Rewards Visa 2% cash back
Replies: 73
Views: 11334

Re: Fidelity Rewards Visa 2% cash back

I like that I can bank the Fidelity Visa rewards cash every month, rather than waiting a year for the rewards payout with the Costco Citibank Visa. I use the Costco Citibank Visa for gas (4% cash back) and restaurants & travel (3% cash back) and the Fidelity Visa (2% cash back) for everything el...
by 523HRR
Mon Aug 15, 2016 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: Joint Accounts - How do you use it?
Replies: 103
Views: 8182

Re: Joint Accounts - How do you use it?

Happily married over 20 years now. Never had a joint account. Never saw the need. Works well for us.
by 523HRR
Sun Jul 24, 2016 9:24 pm
Forum: Personal Finance (Not Investing)
Topic: Allstate Umbrella Insurance
Replies: 33
Views: 3372

Re: Allstate Umbrella Insurance

I have a $5mm umbrella policy with Electric Insurance: $453
by 523HRR
Sun Jul 24, 2016 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirees, at what age did you "retire"? Is it working out?
Replies: 63
Views: 11392

Re: Early retirees, at what age did you "retire"? Is it working out?

Retired at 49 in 2012 (now 53) in HCOL (NYC) area. Wife and I both had mega corp careers, accumulating savings of ~50x annual household expenses / taxes. Withdrawal rate in retirement is around 2% until our DB pensions commence at age 60. Our son starts college next month. No desire to return to pa...