Search found 5270 matches

by Earl Lemongrab
Tue Sep 25, 2018 5:23 pm
Forum: Investing - Help with Personal Investments
Topic: Helping a sibling
Replies: 4
Views: 717

Helping a sibling

As I'm discussing someone else, I will be a bit vague for privacy reasons. I was visiting my youngest sibling the other day. I knew that sibling and spouse had some investments with our old buddies Edward Jones, and had complained a bit the fees in the past. That came up again, and as I was over the...
by Earl Lemongrab
Tue Sep 25, 2018 4:45 pm
Forum: Investing - Help with Personal Investments
Topic: Does it make sense to own two different total stock index funds?
Replies: 21
Views: 1267

Re: Does it make sense to own two different total stock index funds?

Then again, this isn't a certainty either. Some people (I'm not one) would disagree with you. I personally believe that funds that track the same index from different companies are NOT substantially identical. At one point I demonstrated my faith by swapping VOO for IVV (both S&P 500 ETFs). Was you...
by Earl Lemongrab
Tue Sep 25, 2018 4:42 pm
Forum: Investing - Help with Personal Investments
Topic: TLH VTIAX
Replies: 18
Views: 514

Re: TLH VTIAX

I don't think the IRS has ever declared a wash sale on other than the same investment. But many of us want to do the right thing and conform to the spirit of the wash sale rule, even if the likelihood of getting in trouble is vanishingly small. You're making the assumption that you know what the "s...
by Earl Lemongrab
Tue Sep 25, 2018 3:51 pm
Forum: Investing - Help with Personal Investments
Topic: Does it make sense to own two different total stock index funds?
Replies: 21
Views: 1267

Re: Does it make sense to own two different total stock index funds?

If you sell VTI at a loss and take the tax loss, and immediately (or soon) buy VTI in any account, that's a wash. Nowhere in the IRS publications will you find that. It mentions a subset of "other accounts" that apply. Those include IRAs but not 401(k)s and similar plans. If you sell VTI at a loss ...
by Earl Lemongrab
Tue Sep 25, 2018 1:39 pm
Forum: Personal Finance (Not Investing)
Topic: Mom died, financial guidance welcome.
Replies: 21
Views: 3099

Re: Mom died, financial guidance welcome.

I don’t know if it is possible to pull a credit report for someone who is deceased, but it would list all of her debts. No. The loans would most likely be on there, and it would let them know what the active credit cards accounts are, but that's about it. Wouldn’t credit cards plus other loans be h...
by Earl Lemongrab
Tue Sep 25, 2018 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: Mom died, financial guidance welcome.
Replies: 21
Views: 3099

Re: Mom died, financial guidance welcome.

I don’t know if it is possible to pull a credit report for someone who is deceased, but it would list all of her debts. The loans would most likely be on there, and it would let them know what the active credit cards accounts are, and possibly current balances, but that's about it. Regular debts wo...
by Earl Lemongrab
Tue Sep 25, 2018 12:34 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to get $100k cash
Replies: 82
Views: 6502

Re: Best way to get $100k cash

Chances (but NO guarantees) are that you'd be better off just paying the mortgage on schedule and investing the money to plan. The problem is that you have a mixed message about "saving interest" and "psychological need".

Edit to correct a "reverse-o".
by Earl Lemongrab
Tue Sep 25, 2018 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Best way to get $100k cash
Replies: 82
Views: 6502

Re: Best way to get $100k cash

The other argument against this is that I have seen offers where you get 0% financing, but if you don't pay it off on time, you are charged (a hefty) interest from day one retro-actively. This may not apply in the case you are looking at though. If there is an example of a Visa/MC/AmEx/Discover car...
by Earl Lemongrab
Mon Sep 24, 2018 1:20 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Full View transition to eMoney
Replies: 130
Views: 13915

Re: Fidelity Full View transition to eMoney

I haven't been trying to switch over. My current holdings in Full View are saying that they are still updating for the most part, but I haven't cross-checked. I don't add credit cards or anything, because I don't need budgeting or spending tracking. I only want to aggregate investments. As I underst...
by Earl Lemongrab
Mon Sep 24, 2018 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to get $100k cash
Replies: 82
Views: 6502

Re: Best way to get $100k cash

Look, if it were easy to get 100k with no interest or fees, lots of people would do it. You could plunk it in a CD or Treasury and make a bit of interest with no real risk. I think you need to get over your obsession with the mortgage. Those have a lot of consumer protections already built in. Pay i...
by Earl Lemongrab
Sun Sep 23, 2018 2:33 pm
Forum: Investing - Help with Personal Investments
Topic: Emotional Investor - I'm a mess and need help!
Replies: 83
Views: 5705

Re: Emotional Investor - I'm a mess and need help!

I don't anyone has mentioned it yet, but you're a prime candidate for the White Coat Investor:

https://www.bogleheads.org/wiki/News_an ... sionals.29

One quick thought, you have too much in the way of friends and family involved in your money.
by Earl Lemongrab
Sun Sep 23, 2018 2:15 pm
Forum: Investing - Help with Personal Investments
Topic: What investment company does your employer use?
Replies: 21
Views: 1252

Re: What investment company does your employer use?

Megacorp has one of the largest plans in the nation, with billions under management. The custodian is Northern Trust. But that doesn't help you much.
by Earl Lemongrab
Sun Sep 23, 2018 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: 0 - 0.99% APR on auto... would you finance?
Replies: 35
Views: 3636

Re: 0 - 0.99% APR on auto... would you finance?

Well, I'm not trying to make anyone feel any way. I've laid out my side of things. In general, it seems that few people ever convince the other side.
by Earl Lemongrab
Sun Sep 23, 2018 1:39 pm
Forum: Investing - Theory, News & General
Topic: Time periods for personal investment
Replies: 25
Views: 1648

Re: Time periods for personal investment

I don't entirely understand the question. I have an "emergency" fund (really a liquidity fund) that's in cash. The rest is the investment portfolio, currently at 60/40 stocks/fixed income. I don't time the market, so valuations have no interest for me.
by Earl Lemongrab
Sun Sep 23, 2018 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: I'm just itching to tax-GAIN harvest
Replies: 7
Views: 1190

Re: I'm just itching to tax-GAIN harvest

Don't forget about qualified dividends. If you have significant taxable holdings, then some or all of that 0% space is probably already filled by QDivs.
by Earl Lemongrab
Sun Sep 23, 2018 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: 0 - 0.99% APR on auto... would you finance?
Replies: 35
Views: 3636

Re: 0 - 0.99% APR on auto... would you finance?

I run a 6 month emergency fund myself and would recommend others do that in addition to a paid off car. Avoid rationalizing debt. It's easy to do, but can get you in trouble. Additionally, an item can often be purchased for less with cash money... Everyone should have an emergency fund. Stop ration...
by Earl Lemongrab
Sun Sep 23, 2018 11:00 am
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1210
Views: 208370

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

The Merrill reward is decent, but I really don't need or want to open a checking account. It adds another step to get the reward and another step to close down when I move on. The reward drops by 1/3 if you don't open the checking. I've been able to move my stuff since April, but haven't done anyth...
by Earl Lemongrab
Sun Sep 23, 2018 10:50 am
Forum: Personal Finance (Not Investing)
Topic: 0 - 0.99% APR on auto... would you finance?
Replies: 35
Views: 3636

Re: 0 - 0.99% APR on auto... would you finance?

I run a 6 month emergency fund myself and would recommend others do that in addition to a paid off car. Avoid rationalizing debt. It's easy to do, but can get you in trouble. Additionally, an item can often be purchased for less with cash money... Everyone should have an emergency fund. Stop ration...
by Earl Lemongrab
Sat Sep 22, 2018 11:18 pm
Forum: Personal Finance (Not Investing)
Topic: Physical Banking - Any benefits anymore?
Replies: 136
Views: 7828

Re: Physical Banking - Any benefits anymore?

I use chase because they are huge and all over the world so that if I move or need brick and mortar banking services I should be covered just about anywhere I go. Except North Carolina. When I moved to NC I found out they have no branches in NC. Now I have a local credit union for loans and deposit...
by Earl Lemongrab
Sat Sep 22, 2018 1:04 pm
Forum: Investing - Theory, News & General
Topic: Has anyone gone to a Retirement Wealth Academy seminar?
Replies: 17
Views: 1616

Re: Has anyone gone to a Retirement Wealth Academy seminar?

You can review the course descriptions, but they're pretty vague (other than "the times they are a changing" and a fair amount of FUD): https://retirementwealthacademy.com/our-courses/new-reality/ "We will look at traditional diversification as well as new areas of diversification to help mitigate l...
by Earl Lemongrab
Sat Sep 22, 2018 12:52 pm
Forum: Investing - Theory, News & General
Topic: Allocating 1/3 of Investable Assets to Roth Accounts
Replies: 35
Views: 1996

Re: Allocating 1/3 of Investable Assets to Roth Accounts

I think investing in traditional accounts is akin to giving up on your dreams. I never understood the "I will be in a lower tax bracket in retirement". What!! You should want to be WEALTHIER the older you get, not poorer. You should strive to have more income with every passing year. For example, I...
by Earl Lemongrab
Sat Sep 22, 2018 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella questions
Replies: 9
Views: 698

Re: Umbrella questions

You're never going to figure out the correct price by asking random people. The only way is to shop around. Just get started doing that or go with what you have.
by Earl Lemongrab
Sat Sep 22, 2018 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: 0 - 0.99% APR on auto... would you finance?
Replies: 35
Views: 3636

Re: 0 - 0.99% APR on auto... would you finance?

I personally wouldn't. There are still the risks of income/job loss, health emergencies, etc. and then there is the issue of giving someone a piece of your income every month for several years. That's money you can't use for your personal wealth building. That makes no sense at all. If you lose the...
by Earl Lemongrab
Sat Sep 22, 2018 11:59 am
Forum: Investing - Theory, News & General
Topic: Fidelity Full View transition to eMoney
Replies: 130
Views: 13915

Re: Fidelity Full View transition to eMoney

lmorris99 wrote:
Sat Sep 22, 2018 10:17 am
I trusted Fidelity. They have kicked the legs out from under me. I am moving my $350,000 of investments somewhere else.
I have never felt so betrayed.
Be sure to get a transfer bonus.
by Earl Lemongrab
Fri Sep 21, 2018 11:18 pm
Forum: Personal Consumer Issues
Topic: Did you really have something to retire to?
Replies: 133
Views: 11161

Re: Did you really have something to retire to?

AlwaysaQ wrote:
Fri Sep 21, 2018 9:47 pm
I often find it fun to stay up until 3 or 4 AM reading or watching something recorded on the DVR. Those were things I could rarely do while working.
I did that too often when I was working. Now, there's not as much reason to stay up late because there's always tomorrow to pick it up.
by Earl Lemongrab
Fri Sep 21, 2018 6:41 pm
Forum: Investing - Help with Personal Investments
Topic: Retiring at 55 - regular 401k vs. ROTH 401k....which?
Replies: 10
Views: 1073

Re: Retiring at 55 - regular 401k vs. ROTH 401k....which?

The easiest way I can think to get at your pre-tax funds penalty-free would be to take "substantially equal" withdraws from your active 401k at the company you retire from at 55+. That's not necessary. SEPP is a way to avoid tax penalty on withdrawals from the plan. The new law doesn't have penalty...
by Earl Lemongrab
Fri Sep 21, 2018 6:38 pm
Forum: Investing - Help with Personal Investments
Topic: Retiring at 55 - regular 401k vs. ROTH 401k....which?
Replies: 10
Views: 1073

Re: Retiring at 55 - regular 401k vs. ROTH 401k....which?

Many plans allow you to withdraw (401) money without penalty before 59.5 IF you in fact retire from that company after age 55. You will want to know for certainty what the rules are in your case. That's not a plan thing. They can't allow withdrawing before 59-1/2 unless you have stopped working the...
by Earl Lemongrab
Fri Sep 21, 2018 1:58 pm
Forum: Investing - Help with Personal Investments
Topic: Retiring at 55 - regular 401k vs. ROTH 401k....which?
Replies: 10
Views: 1073

Re: Retiring at 55 - regular 401k vs. ROTH 401k....which?

Many plans allow you to withdraw (401) money without penalty before 59.5 IF you in fact retire from that company after age 55. You will want to know for certainty what the rules are in your case. That's not a plan thing. They can't allow withdrawing before 59-1/2 unless you have stopped working the...
by Earl Lemongrab
Fri Sep 21, 2018 1:32 pm
Forum: Investing - Theory, News & General
Topic: Is there any active forums/BBS grouping up non-Bogleheads?
Replies: 17
Views: 1719

Re: Is there any active forums/BBS grouping up non-Bogleheads?

lukestuckenhymer wrote:
Thu Sep 20, 2018 4:01 pm
Browse r/investing for people who think you should read Paul Merriman and allocate 100% small cap value.
How would anyone get that idea from reading Merriman? His portfolios are traditional slicers with a number of allocations.
by Earl Lemongrab
Fri Sep 21, 2018 12:52 pm
Forum: Personal Consumer Issues
Topic: Did you really have something to retire to?
Replies: 133
Views: 11161

Re: Did you really have something to retire to?

I do still use the alarm clock, although I now allow some "snoozes" as needed. I know from experience that I need that to keep to something like a regular schedule. Otherwise I'll start staying up and getting up later each day.
by Earl Lemongrab
Fri Sep 21, 2018 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: Physical Banking - Any benefits anymore?
Replies: 136
Views: 7828

Re: Physical Banking - Any benefits anymore?

The point of the blog and my post is "any benefits anymore". Sure $10-15 savings is nice but I think most people aren't going to go to a B&M for that. For some people, $15 savings is worth it. For myself, I've used a notary two times in the last two years. My only objective was convenience. Most pe...
by Earl Lemongrab
Fri Sep 21, 2018 12:47 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Full View transition to eMoney
Replies: 130
Views: 13915

Re: Fidelity Full View transition to eMoney

Might be time to start taking a look.
by Earl Lemongrab
Fri Sep 21, 2018 12:46 pm
Forum: Investing - Help with Personal Investments
Topic: Mechanics of IRA Rollover w/ Tax Basis into Employer Plan
Replies: 14
Views: 745

Re: Mechanics of IRA Rollover w/ Tax Basis into Employer Plan

Thanks, that makes sense.......but OP stated his rollover was "pure"....only from corp. retirement plans so if you tell 401K admin. that it's not a rollover and they reject it, then you won't be able to do the rollover you want even if it is a real rollover. No, you make sure they know when it is n...
by Earl Lemongrab
Fri Sep 21, 2018 12:43 pm
Forum: Personal Consumer Issues
Topic: BlackFriday Shopping - what do you usually buy? (other than Christmas gifts)
Replies: 36
Views: 2442

Re: BlackFriday Shopping - what do you usually buy? (other than Christmas gifts)

I rarely buy anything other than consumables. I certainly wouldn't go out to stores on that Friday. Don't need the hassle. If there were something I needed I might look at the online sales to see if there were any bargains on the item. That's theoretical, as it hasn't come up yet.
by Earl Lemongrab
Thu Sep 20, 2018 7:17 pm
Forum: Personal Consumer Issues
Topic: Did you really have something to retire to?
Replies: 133
Views: 11161

Re: Did you really have something to retire to?

I'm not sure I exactly understand the question. What does "something solid" mean? I do the things that I enjoy except that I have more time for them than when I was working. Is anything more needed? I meant some concrete plans, not just some vague words. In the beginning, every day is Saturday. Onl...
by Earl Lemongrab
Thu Sep 20, 2018 7:05 pm
Forum: Personal Consumer Issues
Topic: Did you really have something to retire to?
Replies: 133
Views: 11161

Re: Did you really have something to retire to?

When I was young, work did provide some social interaction. But that wasn't true for the last several years. I was friendly with people at work, but I didn't socialize outside with anyone new. I have family in the area as well as old friends. I'm not one that gets lonely when alone.
by Earl Lemongrab
Thu Sep 20, 2018 6:57 pm
Forum: Investing - Help with Personal Investments
Topic: Dollar cost average funds being transferred to new retirement account?
Replies: 25
Views: 1609

Re: Dollar cost average funds being transferred to new retirement account?

Do you have to sell the current funds before transferring? Will you save a lot in fees doing it that way? This is a good question. Depending on the specific funds, it's worth looking at the fees to sell either in the original account or at the target. Fidelity, for instance, will let you sell almos...
by Earl Lemongrab
Thu Sep 20, 2018 1:52 pm
Forum: Investing - Help with Personal Investments
Topic: Mechanics of IRA Rollover w/ Tax Basis into Employer Plan
Replies: 14
Views: 745

Re: Mechanics of IRA Rollover w/ Tax Basis into Employer Plan

How is it a contradiction? He's saying it might not be a rollover IRA and they might not take if that is the case so make sure before you do anything.
by Earl Lemongrab
Thu Sep 20, 2018 1:49 pm
Forum: Investing - Help with Personal Investments
Topic: Roth Income Limit
Replies: 9
Views: 827

Re: Roth Income Limit

Do you have a 401(k) or similar plan? If so, traditional contributions reduce your MAGI and can help keep you out of phase-out.
by Earl Lemongrab
Thu Sep 20, 2018 1:29 pm
Forum: Personal Consumer Issues
Topic: Did you really have something to retire to?
Replies: 133
Views: 11161

Re: Did you really have something to retire to?

For me, Thursday was the day to go get Chinese takeout. When I retired, I thought about making it that day (I already do stir-fry on most Sunday nights) or going to a place close to work HOME . So far I haven't. Edit: Still getting used to things. I meant near home of course. I don't care what's clo...
by Earl Lemongrab
Thu Sep 20, 2018 1:27 pm
Forum: Investing - Help with Personal Investments
Topic: Mechanics of IRA Rollover w/ Tax Basis into Employer Plan
Replies: 14
Views: 745

Re: Mechanics of IRA Rollover w/ Tax Basis into Employer Plan

PGR wrote:
Wed Sep 19, 2018 10:25 pm
Follow-up question: [/b]Why is the term "Rollover IRA" a trigger for potentially not accepting it?
I believe that Alan was saying to make sure that the 401(k) admin knows that it is NOT a rollover IRA.
by Earl Lemongrab
Thu Sep 20, 2018 1:04 pm
Forum: Personal Consumer Issues
Topic: Good Modern Science Fiction
Replies: 309
Views: 43499

Re: Good Modern Science Fiction

Recently finished Record of a Spaceborn Few by Becky Chambers.

viewtopic.php?f=11&t=147398&start=3250#p4121404
by Earl Lemongrab
Thu Sep 20, 2018 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: Physical Banking - Any benefits anymore?
Replies: 136
Views: 7828

Re: Physical Banking - Any benefits anymore?

The things I use the physical branch for are: 1. Deposit checks. I haven't tried image deposit. 2. Savings bond redemptions. I had payroll deduction at Megacorp when I started, so I have a few bonds reach final maturity each year. I take all that have matured to the bank in December. 3. Notary servi...
by Earl Lemongrab
Thu Sep 20, 2018 12:15 pm
Forum: Personal Consumer Issues
Topic: Did you really have something to retire to?
Replies: 133
Views: 11161

Re: Did you really have something to retire to?

I'm not sure I exactly understand the question. What does "something solid" mean? I do the things that I enjoy except that I have more time for them than when I was working. Is anything more needed?
by Earl Lemongrab
Wed Sep 19, 2018 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: Help w/ Backdoor Roth IRA tax forms
Replies: 6
Views: 556

Re: Help w/ Backdoor Roth IRA tax forms

mliang2 wrote:
Tue Sep 18, 2018 4:39 pm
It seems weird that I have to pay taxes on the growth from post-tax money just to convert it to a Roth.
If you didn't, it would already be a Roth. Do you think you should be able to let it sit for years, double in value, and then convert without taxes?
by Earl Lemongrab
Wed Sep 19, 2018 12:06 am
Forum: Investing - Help with Personal Investments
Topic: Dollar cost average funds being transferred to new retirement account?
Replies: 25
Views: 1609

Re: Dollar cost average funds being transferred to new retirement account?

I don't think it ever makes sense to DCA a lump sum. Earl, can you expand on why you don't think it's a good idea? It's logically flawed. If you have have an asset allocation, move to it immediately. If DCA had some real value (versus emotional) then it would make sense for ALL of us to sell what w...
by Earl Lemongrab
Tue Sep 18, 2018 2:46 pm
Forum: Investing - Help with Personal Investments
Topic: 401K Rollover tax question.
Replies: 5
Views: 269

Re: 401K Rollover tax question.

The law requires that plans provide for direct rollovers of any eligible rollover amount. Call the and find out how to get a check made out to the new custodian. They have to provide this.
by Earl Lemongrab
Tue Sep 18, 2018 2:40 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Personal Advisor - .30%
Replies: 23
Views: 3116

Re: Vanguard Personal Advisor - .30%

I consider the Vanguard PAS to be pretty much useless. That makes it better than most, which are worse than useless. The really is nothing you get from VPAS that you can't easily do on your own. I recommend reading a couple of books on the site list, post your situation for review here, then develop...
by Earl Lemongrab
Tue Sep 18, 2018 2:32 pm
Forum: Investing - Help with Personal Investments
Topic: Employer/Plan Limit on 401K Contributions
Replies: 10
Views: 506

Re: Employer/Plan Limit on 401K Contributions

Megacorp had a contribution limit. When I left it was at 30% of salary. When I was working, that limited the amount that I could put in after-tax to fuel the Mega Backdoor Roth. When I asked years ago, the rep stated that it had to do with discrimination testing. Spirit Rider has answered that the e...
by Earl Lemongrab
Tue Sep 18, 2018 2:19 pm
Forum: Investing - Theory, News & General
Topic: With expense-free funds, are other Fidelity fund obsolete?
Replies: 7
Views: 535

Re: With expense-free funds, are other Fidelity fund obsolete?

At least for now, the zero funds can only be held at Fidelity. That includes, apparently, things like donating appreciated shares. For those of us who favor mobility and flexibility, ETFs fit the bill better.