Search found 1221 matches

by Earl Lemongrab
Sat Jan 21, 2017 3:17 pm
Forum: Investing - Help with Personal Investments
Topic: Schwab brokerage incentive $2,500 - - - thoughts?
Replies: 28
Views: 2604

Re: Schwab brokerage incentive $2,500 - - - thoughts?

I have successfully received multiple $200-$1000+ bonuses to move anywhere from $50k to $500k. It is a small pain; they can often start the transfer automatically but you'll have to sign a form and mail it in. I have never had to mail a form. The worst I have needed to do was fax. Most custodians s...
by Earl Lemongrab
Sat Jan 21, 2017 11:43 am
Forum: Investing - Help with Personal Investments
Topic: Schwab brokerage incentive $2,500 - - - thoughts?
Replies: 28
Views: 2604

Re: Schwab brokerage incentive $2,500 - - - thoughts?

evoila wrote:Most people here properly can't stand the thought of using BofA/Merrill, however I have a similarly large account and they've been very good.

You might think that, but this past thread had many positive responses:

https://www.bogleheads.org/forum/viewtopic.php?f=2&t=150033
by Earl Lemongrab
Sat Jan 21, 2017 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Pay down 1.9% loan or invest
Replies: 40
Views: 2571

Re: Pay down 1.9% loan or invest

I keep telling myself that I'll never borrow money again, but my last two car purchases were 3 year loans at 0.99%. It's simply a no brainer. Even the dealer was shocked. He was offering 5.05%. I'm always ready to borrow money when the terms favor me! I neither fear nor hate debt, although I am dul...
by Earl Lemongrab
Sat Jan 21, 2017 11:30 am
Forum: Investing - Help with Personal Investments
Topic: Schwab brokerage incentive $2,500 - - - thoughts?
Replies: 28
Views: 2604

Re: Schwab brokerage incentive $2,500 - - - thoughts?

Is $2,500 even noticeable to you in the ups and downs of market performance and the size of your portfolio?[...] I agree. If that $1 million is out of the market even for a day, a 0.5% upward swing in the market would mean that you've lost $5,000 to the market!! As a result, only folks who can affo...
by Earl Lemongrab
Sat Jan 21, 2017 11:27 am
Forum: Investing - Help with Personal Investments
Topic: Schwab brokerage incentive $2,500 - - - thoughts?
Replies: 28
Views: 2604

Re: Schwab brokerage incentive $2,500 - - - thoughts?

I believe most of the brokerage houses offer similar. Schwab, Etrade, TD, Fidelity. Many are unadvertised. For example, they may say you get $2,500 for $1m and many will do multiples of that for $2m, $3m, etc.... It's "free" money but it's a pain to do the paperwork. Plus, it's taxable in...
by Earl Lemongrab
Sat Jan 21, 2017 11:22 am
Forum: Investing - Help with Personal Investments
Topic: Schwab brokerage incentive $2,500 - - - thoughts?
Replies: 28
Views: 2604

Re: Schwab brokerage incentive $2,500 - - - thoughts?

Is $2,500 even noticeable to you in the ups and downs of market performance and the size of your portfolio? When out walking would you ignore a 100-dollar bill on the ground because its small potatoes? I never think of the bonuses in relation to the portfolio, but in terms of reward for effort. Gen...
by Earl Lemongrab
Fri Jan 20, 2017 3:50 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 228
Views: 22440

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Sandtrap wrote:Has anyone here experienced a "penalty" for taking funds out before the 9mos or 1 year, etc, requirement?

I always follow the terms of the offer. That's the cleanest and safest way.
by Earl Lemongrab
Fri Jan 20, 2017 1:38 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 228
Views: 22440

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

I don't see it mentioned here, but when taking advantage of these bonuses, it's also worth asking if the new firm will refund any fees charged by your previous brokerage house when transferring your assets. From experience, I know that Fidelity and Merrill Edge will do it. It was mentioned in the s...
by Earl Lemongrab
Fri Jan 20, 2017 2:09 am
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 228
Views: 22440

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Lower range ones that I have in my notes: Etrade: $200 for 25K TD Ameritrade: $100 for 25K Scottrade: $100 for 25K Capital One: $50 for 5K, $100 for 15K Motif: $150 for 5K (IRA only) Any of these might be out of date and should be checked. Where did you see the Schwab one? The only one I have is for...
by Earl Lemongrab
Thu Jan 19, 2017 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: Mega backdoor Roth IRA tax question
Replies: 5
Views: 627

Re: Mega backdoor Roth IRA tax question

Not only is there no pro-rata with existing TIRAs, you can direct the earnings portion of the rollover into a TIRA and the basis into a Roth IRA with no tax due on the rollover.
by Earl Lemongrab
Thu Jan 19, 2017 5:46 pm
Forum: Investing - Help with Personal Investments
Topic: Should I move my Roth to a myRA?
Replies: 12
Views: 782

Re: Should I move my Roth to a myRA?

dexter74 wrote:I'm self-employed, so no 401k.

That need not be. You are eligible for some of the best 401(k)s, solo plans. You can set up your own at a custodian of your choice and select good investment funds.
by Earl Lemongrab
Thu Jan 19, 2017 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: Pay down 1.9% loan or invest
Replies: 40
Views: 2571

Re: Pay down 1.9% loan or invest

Gropes & Ray wrote:But I know I have paid off low interest debt before because having the monthly payment annoyed me.

This sort of reaction puzzles me. This is a constant monthly amount, so you can set it up for autopay of one sort or another. Easier than most payments.
by Earl Lemongrab
Thu Jan 19, 2017 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: Pay down 1.9% loan or invest
Replies: 40
Views: 2571

Re: Pay down 1.9% loan or invest

Would you borrow cash @ 1.9% to invest and hopefully earn more than that? Personally I would not, as it sets a dangerous precedent of getting into further debt. I would, and have in the past. I took out a 50k home-equity loan at 1.99 to invest. And I assume you got a bonus, too! :sharebeer You know...
by Earl Lemongrab
Thu Jan 19, 2017 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: Pay down 1.9% loan or invest
Replies: 40
Views: 2571

Re: Pay down 1.9% loan or invest

ssquared87 wrote:I was leaning in this direction as well...there are certainly more important things to spend my time on in life than paying bills.

Set up autopay for the monthly amount. Done.
by Earl Lemongrab
Thu Jan 19, 2017 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: Pay down 1.9% loan or invest
Replies: 40
Views: 2571

Re: Pay down 1.9% loan or invest

mattyfu1 wrote:Would you borrow cash @ 1.9% to invest and hopefully earn more than that? Personally I would not, as it sets a dangerous precedent of getting into further debt.

I would, and have in the past. I took out a 50k home-equity loan at 1.99 to invest.
by Earl Lemongrab
Wed Jan 18, 2017 3:54 pm
Forum: Investing - Help with Personal Investments
Topic: Should I contribute to tiny (part-time job) 401(k)?
Replies: 14
Views: 985

Re: Should I contribute to tiny (part-time job) 401(k)?

You may want to check the plans involuntary cash-out provision before you contribute. Someone please correct me if I am wrong - My understanding is that 401(k) plans can do an involuntary cash out and do not have to give you the opportunity to rollover the account if your vested balance is $1,000 o...
by Earl Lemongrab
Wed Jan 18, 2017 11:00 am
Forum: Investing - Help with Personal Investments
Topic: Check up and contribution/portfolio advice
Replies: 6
Views: 438

Re: Check up and contribution/portfolio advice

$18k + $7.5k match - his pre-tax 401k (current) $15k - his post-tax, non-Roth 401k (haven't started yet and any post-tax contributions must be in the same funds as pre-tax) Hmmm this is interesting, I thought you could only contribute 18k to a 401ks in total, are you sure about this? See the many t...
by Earl Lemongrab
Wed Jan 18, 2017 10:33 am
Forum: Investing - Help with Personal Investments
Topic: Robo-advisors vs Vanguard
Replies: 28
Views: 3041

Re: Robo-advisors vs Vanguard

What's the purpose of using Wealthfront? Normally it would be for automatic TLH, but that wouldn't apply to a Roth. I can't see any advantage to having a small Roth account with a robo-adviser. What would you expect to get out of the experience?
by Earl Lemongrab
Tue Jan 17, 2017 6:25 pm
Forum: Investing - Help with Personal Investments
Topic: Option to Transfer Over my 401k to a Self Directed Account through TD Ameritrade
Replies: 10
Views: 289

Re: Option to Transfer Over my 401k to a Self Directed Account through TD Ameritrade

aristotelian wrote:Just to be clear, you left your previous employer and you are currently self-employed?

I don't believe that was what was said. Some plans allow you to open a brokerage account and invest that way. Sometimes there limits to the investments. Sometimes extra fees.
by Earl Lemongrab
Tue Jan 17, 2017 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: Solo 401k
Replies: 16
Views: 895

Re: Solo 401k

Even though you missed out on an i401(k), you could still open and fund a SEP IRA for 2016. This would allow an employer's share (25% or so) to be deferred. This can later be rolled into the 401(k) whenever it's established. I have thought about that too; but I haven't yet contributed to a traditio...
by Earl Lemongrab
Tue Jan 17, 2017 5:26 pm
Forum: Personal Finance (Not Investing)
Topic: TAX QUESTION: Turning a 401k into a Traditional IRA
Replies: 2
Views: 173

Re: TAX QUESTION: Turning a 401k into a Traditional IRA

A rollover is not a contribution. You can roll over any amount and still do any contributions that you'd otherwise be qualified to make. However, it sounds like you didn't tell your software the right thing if it thinks that's a contribution. There should have been a question about whether it was a ...
by Earl Lemongrab
Tue Jan 17, 2017 2:22 pm
Forum: Investing - Help with Personal Investments
Topic: Advice on dividend reinvestment and tax-loss harvesting
Replies: 11
Views: 754

Re: Advice on dividend reinvestment and tax-loss harvesting

But I don't see much point in doing so inside an IRA except in the case where the fund involved is also held in your taxable account. I manually reinvest in IRAs because my holdings are all ETFs and I want to avoid fractional shares. I move my accounts around quite a bit to generate transfer bonuse...
by Earl Lemongrab
Tue Jan 17, 2017 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: Solo 401k
Replies: 16
Views: 895

Re: Solo 401k

Even though you missed out on an i401(k), you could still open and fund a SEP IRA for 2016. This would allow an employer's share (25% or so) to be deferred. This can later be rolled into the 401(k) whenever it's established.
by Earl Lemongrab
Mon Jan 16, 2017 6:19 pm
Forum: Investing - Help with Personal Investments
Topic: 22yo Engineer New to Investing and Career/Roth v. Trad IRA/Real Estate v. Index Funds
Replies: 5
Views: 576

Re: 22yo Engineer New to Investing and Career/Roth v. Trad IRA/Real Estate v. Index Funds

The answer is usually to utilize as much tax-advantaged space as you can. You should provide more information about the plan:

https://www.bogleheads.org/forum/viewtopic.php?f=1&t=6212

Regarding ETFs, almost all custodians allow reinvesting dividends.
by Earl Lemongrab
Mon Jan 16, 2017 4:56 pm
Forum: Personal Finance (Not Investing)
Topic: is a 401k loan always terrible?
Replies: 51
Views: 3115

Re: is a 401k loan always terrible?

Normally you cannot just take the money out of your stable value funds in the 401(k) and put it back in that category alone. With most 401(k)s the money for the loan is taken out in proportion from all of your funds categories. And it is returned in proportion to your fund allocations. So the 401(k...
by Earl Lemongrab
Mon Jan 16, 2017 11:54 am
Forum: Investing - Theory, News & General
Topic: List of possible investments
Replies: 23
Views: 1425

Re: List of possible investments

Why is stable value in stocks? You could argue it for bonds, cash, or "other", but the one place that's almost certainly wrong is stocks.
by Earl Lemongrab
Sun Jan 15, 2017 11:16 am
Forum: Investing - Help with Personal Investments
Topic: Dollar-Cost-Average over HOW MANY years?
Replies: 58
Views: 3423

Re: Dollar-Cost-Average over HOW MANY years?

MikeT wrote:Are you suggesting no dollar-cost averaging and just go all-in right now (1/13/17)?

How much do you already hold in stocks? Are you going to sell those and DCA that money? Do you understand that there's very little difference?
by Earl Lemongrab
Sat Jan 14, 2017 5:02 pm
Forum: Investing - Help with Personal Investments
Topic: vanguard settlement question
Replies: 6
Views: 842

Re: vanguard settlement question

Did you use a market or limit order to buy? You have to be careful in IRAs with market orders, as the actual price you pay can be unpredictable.
by Earl Lemongrab
Sat Jan 14, 2017 4:48 pm
Forum: Investing - Help with Personal Investments
Topic: Consolidating my 401ks
Replies: 10
Views: 606

Re: Consolidating my 401ks

If I've already done a backdoor Roth IRA for both 2016 and 2017, would I still be able to convert the 401k into a TIRA and then roll it into the Roth IRA? Yes, but as noted there's no reason. If you want it to be in a Roth, roll it directly in. You still pay taxes, but it never takes part in the co...
by Earl Lemongrab
Sat Jan 14, 2017 4:46 pm
Forum: Investing - Help with Personal Investments
Topic: Consolidating my 401ks
Replies: 10
Views: 606

Re: Consolidating my 401ks

⋅ ... ⋅ ... ⋅ Roll/Convert to a Roth IRA ⋅ Roll it to a TIRA and convert it to a Roth IRA and pay the taxes. ⋅  Roll/Convert it directly to a Roth IRA and pay the taxes. ⋅ ... Agreed. Rolling to a TIRA and converting is an unnecessary comp...
by Earl Lemongrab
Sat Jan 14, 2017 4:12 pm
Forum: Investing - Help with Personal Investments
Topic: Just sold my home and looking to invest proceeds
Replies: 17
Views: 1160

Re: Just sold my home and looking to invest proceeds

Given the low rate on your mortgage and the decent probability that you are deducting some or all of the interest (clarify your other deductions if desired), there's no way I would pay any of that down. You have a great leverage opportunity to build wealth through investing. I would fully utilize al...
by Earl Lemongrab
Sat Jan 14, 2017 3:13 pm
Forum: Investing - Help with Personal Investments
Topic: Unique 401k situation after company merger - could really use some advice
Replies: 16
Views: 1071

Re: Unique 401k situation after company merger - could really use some advice

I would expect either everyone gets 100% matched in the old plan before the transfer. That has been my experience and you might also have the opportunity to transfer it wherever you want, which you may want to do, particularly if the fund selection is not so good in the new plan. When the merger th...
by Earl Lemongrab
Sat Jan 14, 2017 12:39 pm
Forum: Investing - Help with Personal Investments
Topic: I'm weary of unitized funds...is it irrational?
Replies: 21
Views: 1293

Re: I'm weary of unitized funds...is it irrational?

Ya know, I just looked at my own 401k, there was a collective trust "Core bond" fund that I had investments in. The short description was that it was to meet or beat the aggregate bond index, when when I glanced at holdings, it was actually weighted very heavily to corporates, and very he...
by Earl Lemongrab
Fri Jan 13, 2017 3:25 pm
Forum: Personal Consumer Issues
Topic: Door lock actuators: am I getting fleeced?
Replies: 31
Views: 4216

Re: Door lock actuators: am I getting fleeced?

I will reiterate my suggestion to take the problem the manufacturer's social media sites. This often gets good response, from what I have heard.
by Earl Lemongrab
Fri Jan 13, 2017 3:23 pm
Forum: Investing - Help with Personal Investments
Topic: Explaining impact of front loads and fees on returns to sister
Replies: 20
Views: 1101

Re: Explaining impact of front loads and fees on returns to sister

It's like beginning a 100-yard dash fifteen feet behind the starting line.
by Earl Lemongrab
Fri Jan 13, 2017 12:37 am
Forum: Personal Finance (Not Investing)
Topic: The Mega Backdoor Roth IRA
Replies: 401
Views: 120829

Re: The Mega Backdoor Roth IRA

Thank you for both replied. Any disadvantage in doing it simultaneously other than having barely any paycheck left? I do mine sequentially because the plan limits non-catchup contributions to 30% of salary, so I just do that and when the deferral limit is reached it switches to after-tax to round o...
by Earl Lemongrab
Fri Jan 13, 2017 12:34 am
Forum: Personal Finance (Not Investing)
Topic: The Mega Backdoor Roth IRA
Replies: 401
Views: 120829

Re: The Mega Backdoor Roth IRA

airahcaz wrote:If one is contributing pre-tax to the $18K limit, does this necessarily have to be met before the after-tax contributions can commence?

Nope. You can put it all in after-tax if you want. Megacorp's plan allows that.
by Earl Lemongrab
Thu Jan 12, 2017 1:25 pm
Forum: Investing - Help with Personal Investments
Topic: I'm weary of unitized funds...is it irrational?
Replies: 21
Views: 1293

Re: I'm weary of unitized funds...is it irrational?

fantasytensai wrote:I give up.

All I can is that words have meaning. If you use words in unusual ways, then people can get confused.
by Earl Lemongrab
Thu Jan 12, 2017 1:22 pm
Forum: Investing - Help with Personal Investments
Topic: Just retired-requesting portfolio reallocation advice
Replies: 53
Views: 4085

Re: Just retired-requesting portfolio reallocation advice

stillme wrote: One thing I was surprised at was that the settlement date for the three mutual funds is tomorrow (1/12/17) but it is 1/17/17 for the ETF-why so long?

Equities, include ETFs, generally take three business days to "settle". However, you can usually buy with the cash, just not withdraw it.
by Earl Lemongrab
Thu Jan 12, 2017 12:09 pm
Forum: Investing - Help with Personal Investments
Topic: I'm weary of unitized funds...is it irrational?
Replies: 21
Views: 1293

Re: I'm weary of unitized funds...is it irrational?

fantasytensai wrote:Alas, it was my misuse of the English language that drew the ire of my fellow man.

"Ire"? You think someone was angry with you?
by Earl Lemongrab
Thu Jan 12, 2017 12:06 pm
Forum: Investing - Help with Personal Investments
Topic: Holding Admiral Shares with ML Edge
Replies: 46
Views: 3923

Re: Holding Admiral Shares with ML Edge

In my case, when I opened an account a rep gave me a call. Afterwards, he sent me an email that read in part: I appreciated speaking with you today about your interest in Merrill Edge. I am happy to assist you with your new experience here at Merrill Edge. Think of me as your personal concierge for ...
by Earl Lemongrab
Thu Jan 12, 2017 12:04 pm
Forum: Investing - Help with Personal Investments
Topic: Max Roth contribution
Replies: 17
Views: 1426

Re: Max Roth contribution

8hygro wrote:How is it that some plans can offer the extra investment limits?

Any plan can offer after-tax contributions. Not all choose to. Just like some plans have matching or profit-sharing additions and others don't.
by Earl Lemongrab
Thu Jan 12, 2017 10:13 am
Forum: Personal Finance (Not Investing)
Topic: Bank of America/Merrill Edge - Preferred Rewards
Replies: 188
Views: 29631

Re: Bank of America/Merrill Edge - Preferred Rewards

Weird: I started the transfers for CMA and rIRA the other day, still nothing on the ME side. But on the VG side all my fractional shares have been liquidated to cash (I definitely did not ask for this to happen). Probably nothing, and I bet it'll disappear in a few days. But maybe others will see t...
by Earl Lemongrab
Wed Jan 11, 2017 2:59 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth IRA question
Replies: 4
Views: 379

Re: Backdoor Roth IRA question

If your employer 401(k) doesn't allow rollovers or doesn't have good choices, then the solo would be better. You'd need to switch custodians, as Vanguard does not accept rollovers (or allow Admiral or ETF shares).
by Earl Lemongrab
Wed Jan 11, 2017 2:52 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Traditional IRA and Roth IRA
Replies: 13
Views: 812

Re: Vanguard Traditional IRA and Roth IRA

Great, I think this is what I needed to see. I actually wanted to do Roth IRA but did Tradition IRA instead... So all I need to do is recharacterization with Vanguard? So taxes are only due if gain, not conversion amount which was paid with after-tax money right? I'm still very new to the investing...
by Earl Lemongrab
Wed Jan 11, 2017 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: Auto Loan [vs. investing]
Replies: 41
Views: 1877

Re: Auto Loan [vs. investing]

It would be really expensive if you took the loan, invested the money, and your investments lost money during the term of the loan. Investing with borrowed money increases the risk of such investments. Why would that be? There's no requirement to sell the investments in a short term. I consider gai...
by Earl Lemongrab
Wed Jan 11, 2017 1:33 pm
Forum: Investing - Theory, News & General
Topic: Retiree's Asset Allocation
Replies: 12
Views: 1045

Re: Retiree's Asset Allocation

lucky3 wrote:What would be the typical transfer bonus for $320k at Fidelity?

It's $600 currently: https://rewards.fidelity.com/offers/depositbonus

You can find more information on bonuses here:

The Final, Definitive Thread on Brokerage Transfer Bonuses

Go to advanced search