Search found 3115 matches

by Earl Lemongrab
Fri Dec 15, 2017 7:49 pm
Forum: Personal Finance (Not Investing)
Topic: H&R Block Software
Replies: 131
Views: 10649

Re: H&R Block Software

Earl Lemongrab wrote: Well in the way these things go, yesterday I received a disk in the mail from Block. Free Deluxe/State with free efile for each. I'm jealous but also happy for you. I have been purchasing it for many years from Amazon, though never directly from J&R Block. Well I already bough...
by Earl Lemongrab
Fri Dec 15, 2017 12:00 pm
Forum: Investing - Help with Personal Investments
Topic: For ETFs: Fidelity or Vanguard or others
Replies: 14
Views: 1251

Re: For ETFs: Fidelity or Vanguard or others

In a lower-cost sense. I didn't want to just assume that holding Vanguard fund and ETF within Vanguard would be exactly the same as holding them elsewhere. Maybe the expense ratio would be different, or some other fee, etc. But from what you say, it sounds like there's no difference other than the ...
by Earl Lemongrab
Fri Dec 15, 2017 11:47 am
Forum: Personal Finance (Not Investing)
Topic: H&R Block Software
Replies: 131
Views: 10649

Re: H&R Block Software

Earl Lemongrab wrote:
Wed Nov 29, 2017 3:35 pm
I decided that the $19.99 price was likely to be near the bottom of available offers, so I went ahead. Note, Discover card has Amazon as a 5% category currently.
Well in the way these things go, yesterday I received a disk in the mail from Block. Free Deluxe/State with free efile for each.
by Earl Lemongrab
Thu Dec 14, 2017 5:21 pm
Forum: Investing - Help with Personal Investments
Topic: For ETFs: Fidelity or Vanguard or others
Replies: 14
Views: 1251

Re: For ETFs: Fidelity or Vanguard or others

I have a Vanguard account with VTSAX and VTIAX. Can I move to Merrill Edge? I'm assuming it's better to hold Vanguard funds inside Vanguard. Is that correct? Secondly, let's say after a few months, I decide that buying these individual ETFs is not worth it, should I still keep the existing funds/ET...
by Earl Lemongrab
Thu Dec 14, 2017 5:02 pm
Forum: Investing - Theory, News & General
Topic: TLH: Would you treat these 4 international funds as virtually interchangeable
Replies: 6
Views: 584

Re: TLH: Would you treat these 4 international funds as virtually interchangeable

Well, I don't know what "virtually interchangeable" means or what it has to do with TLH. I would not consider those to be substantially identical, which does have something to do with it.
by Earl Lemongrab
Thu Dec 14, 2017 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: Done gone and did it [Retire]
Replies: 80
Views: 7687

Re: Done gone and did it [Retire]

Well, the fortune cookie in today's Chinese combo lunch approves, see below.
by Earl Lemongrab
Thu Dec 14, 2017 4:33 pm
Forum: Personal Finance (Not Investing)
Topic: How much did you contribute to your 401k in 2017?
Replies: 117
Views: 6521

Re: How much did you contribute to your 401k in 2017?

24k in deferrals + catch-up. A bit over 10k in after-tax, still some to go there. That doesn't count employer contributions.
by Earl Lemongrab
Thu Dec 14, 2017 4:24 pm
Forum: Personal Finance (Not Investing)
Topic: Accidental Ineligible Roth IRA Contributions - Recharacterization?
Replies: 7
Views: 415

Re: Accidental Ineligible Roth IRA Contributions - Recharacterization?

Correct. The quoted passage is for recharacterized conversions, not contributions. There is no waiting period for that. There's a good chance you could get it done this year.
by Earl Lemongrab
Thu Dec 14, 2017 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: rolling over post tax contribution in 401 to ROTH
Replies: 5
Views: 338

Re: rolling over post tax contribution in 401 to ROTH

My questions is" How do they really calculate the gains on the contribution? and does the rollover trigger any taxable event? They use separate accounting. Generally what that means is even your look at your balances and is says that you have a certain amount in a fund, really some of those holding...
by Earl Lemongrab
Thu Dec 14, 2017 3:09 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 685
Views: 115169

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

zeugmite wrote:
Thu Dec 14, 2017 12:29 pm
Earl Lemongrab wrote:
Thu Dec 14, 2017 10:51 am
I usually just open new ones. Often the offer specifies a new account. From some other custodians I have received offers to apply a bonus to an existing account.
Later, can you recombine for easier management, or does that trigger "closing fees"?
I don't know.
by Earl Lemongrab
Thu Dec 14, 2017 10:51 am
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 685
Views: 115169

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

As it did the last time they had this. I got one without issue. I recommend opening an account from the link so that it's coded with the offer. Is this something you can do every time they have this? Just open more accounts? I usually just open new ones. Often the offer specifies a new account. Fro...
by Earl Lemongrab
Wed Dec 13, 2017 12:18 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Don’t Write Off Value
Replies: 20
Views: 2643

Re: Larry Swedroe: Don’t Write Off Value

I disagree with it being akin to active management. That implies that people would be shifting their allocations. At least in my case, that's not how I do it. I started ten years ago. In developing a portfolio, I digested a number of books and articles by Swedroe, Bernstein, IFA, etc. I looked at th...
by Earl Lemongrab
Tue Dec 12, 2017 5:59 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Don’t Write Off Value
Replies: 20
Views: 2643

Re: Larry Swedroe: Don’t Write Off Value

My friend you are speaking in tongues, I have no idea what IJS, VBR, VTI and RZV stand for. I know that I and many other readers could look them up but if posters would just take the additional few seconds to type the fund names it would save so many readers the time to look them up. Oh well. If I'...
by Earl Lemongrab
Tue Dec 12, 2017 4:53 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Don’t Write Off Value
Replies: 20
Views: 2643

Re: Larry Swedroe: Don’t Write Off Value

garlandwhizzer wrote:
Mon Dec 11, 2017 9:47 pm
It's been a rough decade for SCV
It has? Over the past ten years, IJS and VBR have outperformed VTI on a total return basis. Even RZV has slightly beat it.
by Earl Lemongrab
Tue Dec 12, 2017 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: rolling over post tax contribution in 401 to ROTH
Replies: 5
Views: 338

Re: rolling over post tax contribution in 401 to ROTH

To give a bit of detail, you are permitted by law to roll over the contributions and any associated earnings (that's required). The plan doesn't have to allow it though, so you need to check with the administration on that first.
by Earl Lemongrab
Tue Dec 12, 2017 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: Done gone and did it [Retire]
Replies: 80
Views: 7687

Re: Done gone and did it [Retire]

Yes, you can take a reduced amount for a ten-year certain period. You can also take a higher payout to age 62, reduced after that, as a bridge to Social Security. I think the straight annuity makes the most sense.
by Earl Lemongrab
Tue Dec 12, 2017 10:18 am
Forum: Personal Finance (Not Investing)
Topic: Done gone and did it [Retire]
Replies: 80
Views: 7687

Re: Done gone and did it

investor997 wrote:
Tue Dec 12, 2017 1:20 am
Question on your pension benefit: Had you chosen to resign rather than retire, under what condition in the future would you have been eligible to take the pension benefit?
Fill out the necessary forms for commencement.
by Earl Lemongrab
Mon Dec 11, 2017 6:31 pm
Forum: Personal Finance (Not Investing)
Topic: Done gone and did it [Retire]
Replies: 80
Views: 7687

Re: Done gone and did it [Retire]

As far as plans, I intend to up the amount of time allotted for reading. I also have a few projects in mind to investigate.
by Earl Lemongrab
Mon Dec 11, 2017 6:20 pm
Forum: Personal Finance (Not Investing)
Topic: Done gone and did it [Retire]
Replies: 80
Views: 7687

Re: Done gone and did it [Retire]

Note that "annuity" is just a description of the payout. It's a single-life annuity, paying monthly, for my life. At this time, the pension is administered by Megacorp not an insurance company. That can always change. The company is very solid at this time and I suspect it will be for quite a while....
by Earl Lemongrab
Mon Dec 11, 2017 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: Done gone and did it [Retire]
Replies: 80
Views: 7687

Re: Done gone and did it

One thing I had been kicking around with the pension situation is ACA. Right now, with a 40k pension and dividends off the taxable investments, I wouldn't qualify for any subsidy. However, I'm not that worried about it. I'll be taking COBRA to start and with the uncertainty around the whole thing it...
by Earl Lemongrab
Mon Dec 11, 2017 2:02 pm
Forum: Personal Finance (Not Investing)
Topic: Done gone and did it [Retire]
Replies: 80
Views: 7687

Re: Done gone and did it

I have to finalize my pension benefit. The choices are: Lump sum: $534,707.76 Single Life Annuity: $3,376.15 I'm single, so no beneficiary option. Running SPIA calculators, they come up with about $2500/month for that lump. I think the annuity makes the most sense. I have a substantial "lump sum" i...
by Earl Lemongrab
Mon Dec 11, 2017 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to get rid of lot of land?
Replies: 37
Views: 6462

Re: Best way to get rid of lot of land?

While heirs could refuse the property, the back fees could be a claim against the estate.
by Earl Lemongrab
Mon Dec 11, 2017 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: Done gone and did it [Retire]
Replies: 80
Views: 7687

Re: Done gone and did it

KlangFool wrote:
Mon Dec 11, 2017 1:34 pm
This event just happened right before Thanksgiving. And, it is a megacorp.
I didn't intend to express doubt. I'd take a layoff if I could get it. That would be better for me. After all, I don't get any severance or unemployment.
by Earl Lemongrab
Mon Dec 11, 2017 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: Done gone and did it [Retire]
Replies: 80
Views: 7687

Re: Done gone and did it

I have to finalize my pension benefit. The choices are: Lump sum: $534,707.76 Single Life Annuity: $3,376.15 I'm single, so no beneficiary option. Running SPIA calculators, they come up with about $2500/month for that lump. I think the annuity makes the most sense. I have a substantial "lump sum" in...
by Earl Lemongrab
Mon Dec 11, 2017 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: Done gone and did it [Retire]
Replies: 80
Views: 7687

Re: Done gone and did it

I think this is the first time I've ever seen someone intimate that they retired by accident. :D Congrats though :beer My small joke. I did it about 15 minutes before my year-end performance review. As I went in, the Boss said, "Something you want to tell me?" As I figured, the system sent him an e...
by Earl Lemongrab
Mon Dec 11, 2017 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: Done gone and did it [Retire]
Replies: 80
Views: 7687

Re: Done gone and did it

I hope it works out for you. My friend's co-worker told her employer that she is quitting in 2 months' time. The employer laid her off immediately so that she cannot qualifies for retiree's health benefit. As we don't get retiree health coverage (other than COBRA of course) that's not a factor. Meg...
by Earl Lemongrab
Mon Dec 11, 2017 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: Done gone and did it [Retire]
Replies: 80
Views: 7687

Re: Done gone and did it

DaftInvestor wrote:
Mon Dec 11, 2017 12:59 pm
Congratulations!
For your megacorp - is there any difference between resigning and retiring? Just curious.
Not much. You have to retire to get pension benefits. Everything else is the same.
by Earl Lemongrab
Mon Dec 11, 2017 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: Done gone and did it [Retire]
Replies: 80
Views: 7687

Re: Done gone and did it

Congradualtions! At some, but not all companies, your healthcare benefits continue through the end of the month of when your last day is. If possible you might want to make the effective date February 1st to get that paid through the end of February. Yes, but pension payments must begin on the firs...
by Earl Lemongrab
Mon Dec 11, 2017 11:57 am
Forum: Personal Finance (Not Investing)
Topic: Done gone and did it [Retire]
Replies: 80
Views: 7687

Done gone and did it [Retire]

I was clicking some stuff on the Megacorp web site and next thing you know I've submitted a retirement notice for January 31, 2018. :)

Getting set up for hand-off of duties and whatnot over the coming weeks. A new chapter.
by Earl Lemongrab
Mon Dec 11, 2017 11:57 am
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 685
Views: 115169

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Merrill Edge has temporarily up its bonus. https://www.merrilledge.com/offers/1000offer?src_cd=lvexpo17 It says only for Las Vegas Expo attendees. But they might not enforce it, of course. As it did the last time they had this. I got one without issue. I recommend opening an account from the link s...
by Earl Lemongrab
Mon Dec 11, 2017 12:59 am
Forum: Investing - Help with Personal Investments
Topic: Paying off mortgage instead of buying bonds
Replies: 40
Views: 6105

Re: Paying off mortgage instead of buying bonds

The point is that doing things out of fear rather than carefully considering the options often leads to suboptimal decisions.
by Earl Lemongrab
Mon Dec 11, 2017 12:57 am
Forum: Investing - Help with Personal Investments
Topic: Recommend where to locate roll over IRA
Replies: 12
Views: 815

Re: Recommend where to locate roll over IRA

If it were me, I'd use Merrill Edge and get a nice bonus on the transfer. But to get the best results there you should use ETFs, and you expressed a desire for mutual funds. No big deal for me to use ETF's if appropriate. Can you explain what you like about Merrill Edge? I took a quick look there a...
by Earl Lemongrab
Sun Dec 10, 2017 4:55 pm
Forum: Investing - Help with Personal Investments
Topic: Recommend where to locate roll over IRA
Replies: 12
Views: 815

Re: Recommend where to locate roll over IRA

If it were me, I'd use Merrill Edge and get a nice bonus on the transfer. But to get the best results there you should use ETFs, and you expressed a desire for mutual funds.
by Earl Lemongrab
Sun Dec 10, 2017 4:09 pm
Forum: Investing - Help with Personal Investments
Topic: Paying off mortgage instead of buying bonds
Replies: 40
Views: 6105

Re: Paying off mortgage instead of buying bonds

Musicman, The majority of folks think you should invest vs paying off/down your mortgage. Using that same logic since I long ago paid off my morgage would it make sense for me to refinance my home and invest the balance???? Nope. I learned long ago that debt drives decisions, run from it as fast an...
by Earl Lemongrab
Sun Dec 10, 2017 3:30 pm
Forum: Investing - Theory, News & General
Topic: if you have 401k and roll over ira, can you do backdoor roth?
Replies: 1
Views: 209

Re: if you have 401k and roll over ira, can you do backdoor roth?

I'm not exactly following. Are you saying that you have a solo 401(k) that you opened for a home business? You in all likelihood make too much for a direct Roth contribution, unless you have massive deductions. The rollover IRA would be involved in any attempts at the backdoor. The solution to that ...
by Earl Lemongrab
Sun Dec 10, 2017 3:13 pm
Forum: Investing - Theory, News & General
Topic: Is a Fidelity VISA 2% cashback contribution to a Roth IRA tax-free?
Replies: 15
Views: 2273

Re: Is a Fidelity VISA 2% cashback contribution to a Roth IRA tax-free?

The source wouldn't matter. Contributions to a Roth and the earnings from them are not taxable (on eligible withdrawals). The rewards themselves are not taxable either for credit cards because they are considered a reimbursement. It's a bit different with transfer bonuses (my particular area of inte...
by Earl Lemongrab
Sun Dec 10, 2017 11:52 am
Forum: Personal Finance (Not Investing)
Topic: Bank of America/Merrill Edge - Preferred Rewards
Replies: 387
Views: 75654

Re: Bank of America/Merrill Edge - Preferred Rewards

Unfortunately it's been a while since I went through this. I do recall being confused about the 90-day average. There are two main features Bogleheads would be interested in using, free trades and credit-card rewards. The former isn't a problem because you get 90 days of trades as a bonus with Merri...
by Earl Lemongrab
Sat Dec 09, 2017 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: This close to withdrawing 27K...
Replies: 6
Views: 1772

Re: This close to withdrawing 27K...

I assume this is a solo 401(k). If not, you need to make clear what you have. You can get access to some of the money through a loan, although not all i401(k)s offer that.
by Earl Lemongrab
Sat Dec 09, 2017 12:17 am
Forum: Investing - Help with Personal Investments
Topic: Fidelity charges to close accounts!
Replies: 54
Views: 19930

Re: Fidelity charges to close accounts!

While I realize this thread started in 2013, I will say that maybe five years ago or so my mother closed a Fidelity Rollover IRA (that years earlier was an employer-sponsored 401k at Fidelity). We did a full closeout with the proceeds going into her Fidelity Brokerage (Taxable) account. There was n...
by Earl Lemongrab
Thu Dec 07, 2017 6:09 pm
Forum: Investing - Theory, News & General
Topic: Back door ROTH eligibility
Replies: 11
Views: 816

Re: Back door ROTH eligibility

Backdoor Roth is a very specific thing. For someone who has a MAGI too high for a regular Roth IRA contribution, and who has no other IRAs with pretax amounts, they contribute a non-deductible amount to a TIRA and then convert to a Roth. If done soon after contribution, there will be little or no ta...
by Earl Lemongrab
Thu Dec 07, 2017 5:57 pm
Forum: Investing - Help with Personal Investments
Topic: Help with 401K admin fees
Replies: 20
Views: 1482

Re: Help with 401K admin fees

sport wrote:
Thu Dec 07, 2017 5:41 pm
If you are 59.5 years old, you should be able to roll over some of your 401k to an IRA account.
Might be able to. It's up to the plan as to whether it's allowed.
by Earl Lemongrab
Thu Dec 07, 2017 4:44 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity charges to close accounts!
Replies: 54
Views: 19930

Re: Fidelity charges to close accounts!

Leif wrote:
Thu Dec 07, 2017 4:09 pm
^

All you need to do is read the posts above to determine if it is a good move. That other firms do it is not an excuse as far as I'm concerned. I'll bet they are losing new business as a result. They should be concerned about that.
Where's the evidence that it does that?
by Earl Lemongrab
Thu Dec 07, 2017 4:41 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 685
Views: 115169

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

It looks like there's a new Schwab bonus that should be a good option for those looking to transfer between $10k and $100k. https://www.schwab.com/public/schwab/nn/new_assets_client_award_sps.html The Schwab offers are once per lifetime unfortunately. Or they were at one point. It does say for Stoc...
by Earl Lemongrab
Thu Dec 07, 2017 12:50 pm
Forum: Personal Consumer Issues
Topic: I received a speeding ticket via mail from IA - should I pay it?
Replies: 72
Views: 4903

Re: I received a speeding ticket via mail from IA - should I pay it?

I haven't seen any evidence that Iowa issues bench warrants for these violations. It seems the only thing they do is turn it over to collections.
by Earl Lemongrab
Thu Dec 07, 2017 12:49 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity charges to close accounts!
Replies: 54
Views: 19930

Re: Fidelity charges to close accounts!

I still think Fidelity should wake up and realize the pennies they get, relatively speaking, are not worth the bad press and hard feelings. These are people closing accounts, so it's not really current customers. It's also pretty standard practice. In fact Fidelity is better than most because they ...
by Earl Lemongrab
Thu Dec 07, 2017 12:44 am
Forum: Investing - Help with Personal Investments
Topic: In-Retirement: Move 401k & SEP-IRA to MM, then to Index Funds via dollar cost averaging?
Replies: 49
Views: 2043

Re: In-Retirement: Move 401k & SEP-IRA to MM, then to Index Funds via dollar cost averaging?

$1,000 bonus on $200,000 minimum transfer is 0.5% of the sum invested. That's not zero but considering that she doesn't use a computer, that hardly seems worth considering, in comparison to other factors. If she moves her portfolio to Merrill on that basis, the bonus is an even lower % of her asset...
by Earl Lemongrab
Thu Dec 07, 2017 12:36 am
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 685
Views: 115169

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

It looks like there's a new Schwab bonus that should be a good option for those looking to transfer between $10k and $100k. https://www.schwab.com/public/schwab/nn/new_assets_client_award_sps.html That's good. If I read it right, it's available for existing accounts, so no need to open a new one. T...
by Earl Lemongrab
Wed Dec 06, 2017 6:14 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 685
Views: 115169

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

A general point of information. Scottrade makes it easier to do a complete transfer versus a partial. The former can be done on the web site, the latter requires filling out a form and sending it to the local office by fax or mail. Bleah. What I found was that total transfer out of Fidelity taxable ...
by Earl Lemongrab
Wed Dec 06, 2017 6:09 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity charges to close accounts!
Replies: 54
Views: 19930

Re: Fidelity charges to close accounts!

You could probably leave $50 after transfer, then withdraw the $50 to a linked bank account. Being that it's an IRA you might owe tax and penalty if you keep it, or you could do an indirect rollover. Normally I transfer to a custodian that will be at least be giving a bonus.
by Earl Lemongrab
Wed Dec 06, 2017 5:50 pm
Forum: Investing - Help with Personal Investments
Topic: Questions on Restructuring Portfolio and VTSAX vs FSTVX
Replies: 4
Views: 388

Re: Questions on Restructuring Portfolio and VTSAX vs FSTVX

If you review the growth of 10k for both funds over the past 20 years, the difference is about $110 in favor of Vanguard. That's probably due to higher ERs in past years for the Fidelity fund.