Search found 1403 matches

by Earl Lemongrab
Mon Feb 27, 2017 4:53 pm
Forum: Investing - Help with Personal Investments
Topic: Roth ira
Replies: 4
Views: 588

Re: Roth ira

lazylarry wrote:Nah go with 3-fund if you are a true boglehead. That's what you'd do if you truly believe in bogleheads ruling.

Nonsense. The types of portfolios held by participants on this forum are varied. Past polls indicated that the three-fund was a minority.
by Earl Lemongrab
Mon Feb 27, 2017 2:55 pm
Forum: Investing - Help with Personal Investments
Topic: In a bit of a pickle as executor with individual stocks
Replies: 15
Views: 1064

Re: In a bit of a pickle as executor with individual stocks

I want to get the investments back to where they were. Everyone wants their investments to go up. There is no guarantee that this will happen within any particular timeframe. How would you or your mother feel if the value of the stocks dropped to 20k? As executor you should sell the stocks immediat...
by Earl Lemongrab
Mon Feb 27, 2017 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: IRA Contribution limit + Rollover
Replies: 3
Views: 294

Re: IRA Contribution limit + Rollover

I don't think you'll find any posts with first-hand experience of trouble from the IRS on backdoor Roth.
by Earl Lemongrab
Fri Feb 24, 2017 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Insight/Direction regarding Form 8606 and Non-Deductible IRA
Replies: 3
Views: 241

Re: Tax Insight/Direction regarding Form 8606 and Non-Deductible IRA

It doesn't matter when in 2017 you do the conversion. You can't do a conversion FOR a prior year. You would of course need to make the 2016 contribution before tax day.
by Earl Lemongrab
Thu Feb 23, 2017 8:12 pm
Forum: Personal Finance (Not Investing)
Topic: Bank of America/Merrill Edge - Preferred Rewards
Replies: 221
Views: 34758

Re: Bank of America/Merrill Edge - Preferred Rewards

Has anyone tried to get the $1000 bonus recently? I was walking by a B of A branch today and there was a $600 bonus advertised in the window for Merrill Edge. People have reported that the offer here: https://www.merrilledge.com/offers/1000offer Is not available. I think someone was discussing a mo...
by Earl Lemongrab
Thu Feb 23, 2017 5:58 pm
Forum: Investing - Theory, News & General
Topic: Taking profits
Replies: 12
Views: 1152

Re: Taking profits

It seems that you can't have the profits re-invested that are in ETF funds. I want to just sell the profits without lowering my shares, is this possible? It's not even clear what you're asking. You realize that a share, whether ETF or traditional mutual fund, has a set price at a particular time. H...
by Earl Lemongrab
Thu Feb 23, 2017 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: Wife discoverd UTMA account; Never received 1099s; Parents want it back
Replies: 21
Views: 2287

Re: Wife discoverd UTMA account; Never received 1099s; Parents want it back

dc1 wrote:This is my main concern. Would 2005 not need to be amended? It was only a couple hundred dollars.

No, the statute of limitations only requires three years unless it's a significant under-reporting or fraud, neither of which would apply.
by Earl Lemongrab
Thu Feb 23, 2017 4:19 pm
Forum: Personal Consumer Issues
Topic: Do you replace your electrical switches/outlets or use an electrician?
Replies: 93
Views: 5156

Re: Do you replace your electrical switches/outlets or use an electrician?

nisiprius wrote:
The Wizard wrote:...I never turn off the main breaker if I need to work on something, just the breaker or fuse for that branch circuit...
Why not?

So you can run an extension cord over to an active outlet and have light/power in the work area.
by Earl Lemongrab
Thu Feb 23, 2017 4:17 pm
Forum: Personal Finance (Not Investing)
Topic: Bank of America/Merrill Edge - Preferred Rewards
Replies: 221
Views: 34758

Re: Bank of America/Merrill Edge - Preferred Rewards

misterno wrote:Merill Edge does not have IRA fees?

All brokerages do

None that I use have fees, other than transfer/closing fees (mentioned above). Which ones in particular do you mean?
by Earl Lemongrab
Thu Feb 23, 2017 2:16 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard versus Dimensional
Replies: 22
Views: 2059

Re: Vanguard versus Dimensional

I only looked at small value, as it's the most important to me. The maximum period to compare DFA and Vanguard in whole years starts in 02/22/1999. The growth of 10k for the two is: XNAS:DFSVX:75,362.25 XNAS:VISVX:62,532.8 If I did my CAGR calculations right, that's 11.87% for DFA and 10.72% for Van...
by Earl Lemongrab
Thu Feb 23, 2017 1:33 pm
Forum: Investing - Help with Personal Investments
Topic: Churchill Management
Replies: 7
Views: 631

Re: Churchill Management

You keep talking about "promised" this and that. They can promise you anything you want. That doesn't mean that they'll deliver.
by Earl Lemongrab
Thu Feb 23, 2017 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: Bank of America/Merrill Edge - Preferred Rewards
Replies: 221
Views: 34758

Re: Bank of America/Merrill Edge - Preferred Rewards

Can someone clarify please? If I have IRA in Vanguard SP 500 index fund, how do I transfer this to Merrill Edge? Merill Edge does not have Vanguard so they have something equivelant? Merrill Edge is a brokerage. You can transfer almost any Vanguard fund and any ETF. As noted elsewhere, if the fund ...
by Earl Lemongrab
Thu Feb 23, 2017 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: Bank of America/Merrill Edge - Preferred Rewards
Replies: 221
Views: 34758

Re: Bank of America/Merrill Edge - Preferred Rewards

Thinking ahead, what is the fee to close or transfer either a Roth IRA or a non-retirement Bank of America Merrill Edge account down the road? According to this source it's $49.95 for a full transfer and 0 for a partial. IRAs have a closing fee of $75. If you can't get the receiver to pay for it (I...
by Earl Lemongrab
Thu Feb 23, 2017 11:43 am
Forum: Personal Finance (Not Investing)
Topic: Tax Insight/Direction regarding Form 8606 and Non-Deductible IRA
Replies: 3
Views: 241

Re: Tax Insight/Direction regarding Form 8606 and Non-Deductible IRA

The first thing to do is file form 8606 for that prior contribution. If you don't, then it will be taxed on conversion. You can send it in by itself, although sometimes people have reported that the IRS requests an amended return. Start with stand-alone. You will also need to file 8606 with your 201...
by Earl Lemongrab
Thu Feb 23, 2017 10:49 am
Forum: Personal Consumer Issues
Topic: Amazon Coupon Code [expired now]
Replies: 23
Views: 2365

Re: Amazon Coupon Code

That's why it was nice to be able to get gift cards. That way I didn't have to figure out a purchase at Amazon for some item that I wasn't planning on buying. I just went with a place I shop at on occasion for clothes. I even got the cash back from buying with my Amazon VISA, so I don't even lose ou...
by Earl Lemongrab
Thu Feb 23, 2017 10:21 am
Forum: Personal Finance (Not Investing)
Topic: Bank of America/Merrill Edge - Preferred Rewards
Replies: 221
Views: 34758

Re: Bank of America/Merrill Edge - Preferred Rewards

You get the 75% bonus whenever you move rewards to the bank account or Merrill Edge account (so don't use them for statement credits). I just went with the BofA Core Checking account. There's normally a $12 monthly fee but that's waived as one of the Preferred Rewards perks.
by Earl Lemongrab
Thu Feb 23, 2017 10:14 am
Forum: Investing - Help with Personal Investments
Topic: Do companies match after-tax 401k contributions?
Replies: 32
Views: 1669

Re: Do companies match after-tax 401k contributions?

Tax law prohibits rolling over Roth IRAs to qualified plans.
by Earl Lemongrab
Wed Feb 22, 2017 3:24 pm
Forum: Investing - Help with Personal Investments
Topic: Do companies match after-tax 401k contributions?
Replies: 32
Views: 1669

Re: Do companies match after-tax 401k contributions?

As mentioned above, check your SPD, but I can almost promise that they will stop matching after you reach your $18k limit. You should not promise things that aren't true. As I noted above, my plan continues matching as long as you are contributing. That's good, because they don't do true-up match, ...
by Earl Lemongrab
Wed Feb 22, 2017 3:21 pm
Forum: Investing - Help with Personal Investments
Topic: Do companies match after-tax 401k contributions?
Replies: 32
Views: 1669

Re: Do companies match after-tax 401k contributions?

To clarify, I asked this question because my plan is to max out the $18k pre-tax limit, and then do after-tax contributions (that I will immediately roll over to a Roth IRA, i.e., do a mega-backdoor-Roth). Don't worry; I'm not giving up that sweet, sweet, $18k-worth of tax deductions :mrgreen: That...
by Earl Lemongrab
Wed Feb 22, 2017 3:17 pm
Forum: Investing - Help with Personal Investments
Topic: Betterment, $500k in cash, no taxable events to transfer?
Replies: 30
Views: 2485

Re: Betterment, $500k in cash, no taxable events to transfer?

With 500k, you could generate more than $1000 a year just moving it occasionally for a bonus. That's on top of any benefit you were able to get with TLH. See: https://www.bogleheads.org/forum/viewtopic.php?f=10&t=196884 Buy a set of low-cost liquid ETFs and manage it yourself. As Livesoft said, ...
by Earl Lemongrab
Wed Feb 22, 2017 1:05 pm
Forum: Investing - Help with Personal Investments
Topic: Moving away from Edward Jones to Vanguard
Replies: 23
Views: 1711

Re: Moving away from Edward Jones to Vanguard

As the entire account is over 250k, you'll qualify for larger bonus money. If you think you'd be selling some of the individual stocks as well, then getting some free trades as well would be helpful. I suspect the ability to transfer mutual funds to Fidelity would be about the same as listed above f...
by Earl Lemongrab
Wed Feb 22, 2017 12:51 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth After Rollover of All Pretax Funds
Replies: 4
Views: 221

Re: Backdoor Roth After Rollover of All Pretax Funds

I think you're thinking about this wrong; I don't think you can "use the backdoor Roth on the post tax funds only" if you have an IRA with a combination of pretax and post tax contributions. I think you'll need to roll the entire T-IRA to your TSP, and then you'll be able to make backdoor...
by Earl Lemongrab
Wed Feb 22, 2017 11:40 am
Forum: Personal Finance (Not Investing)
Topic: Balance Transfer card
Replies: 9
Views: 318

Re: Balance Transfer card

Are you limited to 3k in transfer? That's not much.
by Earl Lemongrab
Wed Feb 22, 2017 11:06 am
Forum: Personal Finance (Not Investing)
Topic: Balance Transfer card
Replies: 9
Views: 318

Re: Balance Transfer card

Does anyone know what this means? That means taking out a loan against your house to pay consumer debt. It's a poor idea, as you turn unsecured debt into debt that puts your home in risk of foreclosure. Before even considering that, you have to think hard about how you came to be in this situation....
by Earl Lemongrab
Wed Feb 22, 2017 10:52 am
Forum: Personal Consumer Issues
Topic: Desktop Computer - Still relevant? Good investment?
Replies: 67
Views: 4834

Re: Desktop Computer - Still relevant? Good investment?

misterno wrote:I bought a Dell OptiPlex used

What was your source?
by Earl Lemongrab
Tue Feb 21, 2017 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: Mega backdoor Roth with Fidelity - should there be a 1099-R?
Replies: 11
Views: 669

Re: Mega backdoor Roth with Fidelity - should there be a 1099-R?

If you rollover the after-tax 401k contributions to a Roth IRA and the earnings to a TIRA would there be any tax forms involved at all? I just did this and wondering if I will receive any tax forms or am I required to file anything. Yes. You would receive the 1099-R and need to record the informati...
by Earl Lemongrab
Tue Feb 21, 2017 5:44 pm
Forum: Investing - Help with Personal Investments
Topic: Moving away from Edward Jones to Vanguard
Replies: 23
Views: 1711

Re: Moving away from Edward Jones to Vanguard

For that level of assets, Fidelity would give you $300. They might cover transfer fees (if any) as well, but you'd need to check. Given the number of funds and the likely costs to sell, they will probably save you money there. Fidelity has a good selection of low-cost index funds and ETFs.
by Earl Lemongrab
Tue Feb 21, 2017 4:14 pm
Forum: Investing - Help with Personal Investments
Topic: Moving away from Edward Jones to Vanguard
Replies: 23
Views: 1711

Re: Moving away from Edward Jones to Vanguard

There are other options besides Vanguard that people here like. How large of an account are you moving? Some custodians will give you a transfer bonus (see link at the end). Some like Fidelity won't charge to sell mutual funds, which can be a savings. https://www.bogleheads.org/forum/viewtopic.php?f...
by Earl Lemongrab
Tue Feb 21, 2017 4:02 pm
Forum: Investing - Help with Personal Investments
Topic: Non-Roth After-Tax 401(k) to Roth IRA / Reverse Rollover / Taxes
Replies: 6
Views: 405

Re: Non-Roth After-Tax 401(k) to Roth IRA / Reverse Rollover / Taxes

Your understanding of the tax when doing the rollover is correct. It's not clear why you want to roll the rollover IRA into the 401(k) unless you need to do backdoor Roth. Otherwise, I wouldn't bother. Normally plans that do separate accounting would not do aggregation of rollover contributions with...
by Earl Lemongrab
Tue Feb 21, 2017 1:29 pm
Forum: Investing - Theory, News & General
Topic: Sharebuilder --> Schwab: Reimburse $75 fee?
Replies: 1
Views: 247

Re: Sharebuilder --> Schwab: Reimburse $75 fee?

The best would be to ask them. As far as the fees to sell in the other account, are these ETFs? Many custodians will give you some free trades when you transfer.

There's a dedicated thread for transfers: https://www.bogleheads.org/forum/viewtopic.php?f=10&t=196884
by Earl Lemongrab
Tue Feb 21, 2017 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard Service problems in the news
Replies: 24
Views: 3119

Re: Vanguard Service problems in the news

I want to thank vanguard for not spending money on customer service. I need those ERs low. ...but I pay the same low ERs on my holdings of Vanguard ETFs at Scottrade, and get excellent customer service. I think that was the point. If you aren't using their customer service, you don't want ERs to go...
by Earl Lemongrab
Tue Feb 21, 2017 11:02 am
Forum: Personal Consumer Issues
Topic: PC replacement time
Replies: 30
Views: 2466

Re: PC replacement time

I think some respondents have missed the first part. The current PC is non-functional at this time. It's not a question of replacing it because I want something better. I would be satisfied to have this one with maybe a memory upgrade. However, unless it's repaired then upgrades aren't in the cards.
by Earl Lemongrab
Sun Feb 19, 2017 12:16 am
Forum: Personal Consumer Issues
Topic: PC replacement time
Replies: 30
Views: 2466

Re: PC replacement time

What were the specs of your previous computer? How well did it perform for your purposes? Here's the original product description: Ideacentre K330 Desktop Computer; Intel® Core i3-2100; Microsoft Windows 7 Home Premium (64-bit); 4GB DDR3-1333 RAM; 1TB 7,200RPM Hard Drive; DVD±RW Drive; 15-in-1 Memo...
by Earl Lemongrab
Sat Feb 18, 2017 12:37 am
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 295
Views: 32271

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

BTW for anyone who got a bonus from Fidelity last year, the 1099-MISC is not being included in the data downloaded/imported into Turbotax. Not sure if it's a bug or intentional and haven't figured out who to talk to at Fidelity about it. I'll need to add it manually. They are required to if it's $6...
by Earl Lemongrab
Fri Feb 17, 2017 2:13 pm
Forum: Personal Consumer Issues
Topic: PC replacement time
Replies: 30
Views: 2466

PC replacement time

As detailed here: https://www.bogleheads.org/forum/viewtopic.php?f=11&t=210788 My desktop PC has gone all dead on me. So I will be researching a replacement. I'm not a big gamer, so a moderately capable and priced Windows system is what I will looking for. Besides the usual web surfing and whatn...
by Earl Lemongrab
Fri Feb 17, 2017 1:43 pm
Forum: Personal Consumer Issues
Topic: PC power-up failure
Replies: 38
Views: 2256

Re: PC power-up failure

Well, I picked up a power supply, but it did not help the situation. Still dead. On to Plan B I suppose.
by Earl Lemongrab
Thu Feb 16, 2017 5:25 pm
Forum: Investing - Help with Personal Investments
Topic: Gotchas for Backdoor Roth AFTER Transfer to Vanguard?
Replies: 2
Views: 301

Re: Gotchas for Backdoor Roth AFTER Transfer to Vanguard?

TIRA custodians don't keep track of basis because they don't know whether you deduct any of the contributions. That's between you and the IRS. You need to properly file form 8606 to record the basis there.
by Earl Lemongrab
Thu Feb 16, 2017 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: Credit cards vs. Cash
Replies: 123
Views: 6701

Re: Credit cards vs. Cash

If you are poor and miserly or rich and miserly, you are a miser nonetheless. Well, what's a miser? Someone who doesn't waste money and regret it later? You quoted my response to a user who stated, "If you have no self control and don't understand the concept of arithmetic then you shouldn't h...
by Earl Lemongrab
Wed Feb 15, 2017 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: Credit cards vs. Cash
Replies: 123
Views: 6701

Re: Credit cards vs. Cash

David Scubadiver wrote:If you are poor and miserly or rich and miserly, you are a miser nonetheless.

Well, what's a miser? Someone who doesn't waste money and regret it later?
by Earl Lemongrab
Wed Feb 15, 2017 6:05 pm
Forum: Personal Finance (Not Investing)
Topic: Credit cards vs. Cash
Replies: 123
Views: 6701

Re: Credit cards vs. Cash

I don't budget every dollar, but determining exactly how much I must spend or set aside each month due to obligations helps me understand my financial big picture and thus how much I can set aside for and allocate amongst various savings and investing goals each month, e.g. emergency fund, travel f...
by Earl Lemongrab
Wed Feb 15, 2017 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: Credit cards vs. Cash
Replies: 123
Views: 6701

Re: Credit cards vs. Cash

I use YNAB to develop a mostly-budget and I don't have a spending problem, unless you consider trying as hard as possible to spend as little as possible a problem. Why do you need a budget to spend the minimum possible? If the budget would cause you to not buy something, then you could have just no...
by Earl Lemongrab
Wed Feb 15, 2017 4:41 pm
Forum: Investing - Help with Personal Investments
Topic: What chart website do you use, to make sure dividends are factored in?
Replies: 2
Views: 260

Re: What chart website do you use, to make sure dividends are factored in?

I assume you mean comparison with dividends reinvested. I use Morningstar charts with a mutual fund "starter". That defaults the chart to growth of $10000 and will include distributions. You can then add the other stocks or ETFs and they will do the same.
by Earl Lemongrab
Wed Feb 15, 2017 4:27 pm
Forum: Investing - Help with Personal Investments
Topic: Cost basis of fractional shares for ACAT transfer?
Replies: 8
Views: 365

Re: Cost basis of fractional shares for ACAT transfer?

JamesSFO wrote:Hmm, I've had ACAT transfers into Vanguard and my recollection is that they transferred the fractional shares over with all of the correct cost basis information.

Mutual funds or ETFs? I've never had fractional shares of ETFs transfer, but MFs it's typical.
by Earl Lemongrab
Wed Feb 15, 2017 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: Credit cards vs. Cash
Replies: 123
Views: 6701

Re: Credit cards vs. Cash

Look. Let's make this concrete. Let's say that boglehead A has a $400 grocery cash envelope. That boglehead will always spend less money in the grocery store than boglehead B, who has a $400 mint.com grocery budget category. Budgets are for those with spending problems. That's not a criticism, we a...
by Earl Lemongrab
Wed Feb 15, 2017 4:17 pm
Forum: Personal Finance (Not Investing)
Topic: Credit cards vs. Cash
Replies: 123
Views: 6701

Re: Credit cards vs. Cash

Cash vs. credit does not come to your conscious mind but the habit, availability, and ease of using credit still guides your decisions. You can state that but you can't prove it and I deny it. I know my process for purchase decisions and credit nothing to do with it. Nothing at all. I have always h...
by Earl Lemongrab
Wed Feb 15, 2017 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: Credit cards vs. Cash
Replies: 123
Views: 6701

Re: Credit cards vs. Cash

Unless folks (and/or Bogleheads) take a list of required items EACH TIME they enter a store and purchase exactly what is on the list, they are spending more money that they originally planned on spending. Needless to say, a credit card would facilitate this behavior. Not at all. Sometimes I leave b...
by Earl Lemongrab
Wed Feb 15, 2017 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: Credit cards vs. Cash
Replies: 123
Views: 6701

Re: Credit cards vs. Cash

Cash/debit cards. I used to have a CC and paid off the balance every month; however, I noticed that my bill started to be sent later and later in the month (once with a big company and once a local bank) until it was sent so close to when it was due that I finally made them some money. That's illeg...
by Earl Lemongrab
Wed Feb 15, 2017 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: Credit cards vs. Cash
Replies: 123
Views: 6701

Re: Credit cards vs. Cash

Experimental findings that people spend more with plastic (credit and debit) than cash are solid. Bogleheads who claim that their expenses do not depend on the method deceive themselves. I don't know how you can claim that. While I can't prove a negative, I don't know how anyone would prove that I ...
by Earl Lemongrab
Wed Feb 15, 2017 11:56 am
Forum: Personal Finance (Not Investing)
Topic: Credit cards vs. Cash
Replies: 123
Views: 6701

Re: Credit cards vs. Cash

Sure, but how do you know you are buying the same amount of stuff? How do you know that 'being paid' to spend money doesn't cause you to spend more. How can you ever prove a negative? All I can say is that I know myself well. If you think that credit card use causes me to spend more money, I'd invi...
by Earl Lemongrab
Wed Feb 15, 2017 10:47 am
Forum: Personal Consumer Issues
Topic: Hiring a Contract Worker
Replies: 7
Views: 551

Re: Hiring a Contract Worker

1) Absolutely get background checks. You'd be amazed at what people will just hope you don't find out about their past. I use backgroundchecks.com. I've literally un-hired murderers after doing background checks. For someone working remotely, that really wouldn't bother me much. What would I be wor...

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