Search found 3102 matches

by Earl Lemongrab
Tue Dec 12, 2017 4:53 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Don’t Write Off Value
Replies: 9
Views: 1302

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: 4
Views: 155

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: 70
Views: 5526

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: 70
Views: 5526

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: 70
Views: 5526

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: 70
Views: 5526

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: 70
Views: 5526

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: 70
Views: 5526

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: 6356

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: 70
Views: 5526

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: 70
Views: 5526

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: 70
Views: 5526

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: 70
Views: 5526

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: 70
Views: 5526

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: 70
Views: 5526

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: 70
Views: 5526

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: 665
Views: 112225

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: 6027

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: 768

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: 768

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: 6027

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: 186

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: 2176

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: 75298

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: 1744

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: 19789

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: 781

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: 18
Views: 1352

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: 19789

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: 665
Views: 112225

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: 4804

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: 19789

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: 2037

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: 665
Views: 112225

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: 665
Views: 112225

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: 19789

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: 374

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.
by Earl Lemongrab
Wed Dec 06, 2017 4:23 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 665
Views: 112225

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

chicagoan23 wrote:
Wed Dec 06, 2017 3:08 pm
Just received the $1,000 credit from TD Ameritrade with a transfer of $250k (almost on the dot). Thanks very much for your work on this post!
Another Success Story!
I just got one at Scottrade. Only $600/250k, but they're not going to be around much longer so I wanted to get a last chance.
by Earl Lemongrab
Wed Dec 06, 2017 1:46 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone mirror AA acorss multiple accounts ?
Replies: 23
Views: 1512

Re: Anyone mirror AA acorss multiple accounts ?

No. It's not even possible for me, as I have a tilt to small and value plus REIT. Those aren't even available in my 401(k). I do all my rebalancing with new money, so I haven't had any trouble keeping things in line. Due to the booming stock market, the 401(k) is almost all fixed-income these days.
by Earl Lemongrab
Wed Dec 06, 2017 1:18 pm
Forum: Investing - Help with Personal Investments
Topic: question about opening Traditional IRA
Replies: 8
Views: 503

Re: question about opening Traditional IRA

First you need to check to see if he is able to deduct a TIRA contribution. For 2017, a MAGI of more that 99,000 will start to reduce the deductible amount.

Is he fully contributing to the 401(k). Often that's the best and easiest choice.
by Earl Lemongrab
Wed Dec 06, 2017 1:13 pm
Forum: Investing - Help with Personal Investments
Topic: Factoring in value as a strategy
Replies: 10
Views: 931

Re: Factoring in value as a strategy

^^ I don't understand this point. Are you saying that if some potential value stock is probably a bad investment, all are? Is this stock found in the common small value indexes? If not, then what is the relevance? Every year, companies contained in various indexes that Bogleheads use go bankrupt. Sh...
by Earl Lemongrab
Wed Dec 06, 2017 1:02 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA and Tax Withholding
Replies: 6
Views: 539

Re: Roth IRA and Tax Withholding

Withholding is the easy way. You end up with less in the Roth unless you make up for the withheld amount from outside funds.
by Earl Lemongrab
Wed Dec 06, 2017 12:34 pm
Forum: Investing - Theory, News & General
Topic: Traditional 401k and Rollover IRA Dividends at Payout
Replies: 2
Views: 164

Re: Traditional 401k and Rollover IRA Dividends at Payout

At age 59-1/2 the plan is allowed but not required to permit distribution of employee deferrals or Roth contributions. There's nothing special about dividends for most types of funds. I supposed the plan could set that up, but there really wouldn't be any point. The tax treatment is ordinary income,...
by Earl Lemongrab
Wed Dec 06, 2017 11:46 am
Forum: Personal Consumer Issues
Topic: Beefy Brothy Stocky Thing Advice
Replies: 15
Views: 1744

Re: Beefy Brothy Stocky Thing Advice

I was mentioning to my sister over the holiday that things have changed for recipes. In the old days, you'd have a few cookbooks and would look up things you wanted to make. Now you can search the web and get dozens of variations. That can lead to the dreaded analysis paralysis.
by Earl Lemongrab
Wed Dec 06, 2017 11:42 am
Forum: Personal Consumer Issues
Topic: Holiday Tipping
Replies: 30
Views: 2268

Re: Holiday Tipping

Of all the people who perform regular services, I think the newspaper carrier and trash haulers probably get paid the least and have the worst jobs. Delivering newspapers requires getting up very early in all kinds of weather, and I appreciate the effort. Well, I did that job while I was in college...
by Earl Lemongrab
Wed Dec 06, 2017 11:37 am
Forum: Personal Consumer Issues
Topic: Beefy Brothy Stocky Thing Advice
Replies: 15
Views: 1744

Re: Beefy Brothy Stocky Thing Advice

Normally you'll want some vegetables in there as well. There are a number of recipes for stock out there. Here's one from Alton Brown. http://www.foodnetwork.com/recipes/brown-veal-or-beef-stock-recipe-1912554 Edit: Here's one that might work better for your ingredients. Also Alton Brown: http://www...
by Earl Lemongrab
Tue Dec 05, 2017 6:15 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage is About To Be Paid - I'm Scared!
Replies: 43
Views: 5638

Re: Mortgage is About To Be Paid - I'm Scared!

ThePrince wrote:
Mon Dec 04, 2017 10:38 pm
Earl Lemongrab wrote:
Mon Dec 04, 2017 8:39 pm
As they say about many things, debt is a good servant but a poor master. You have to know how to use it successfully.
It is also said the borrower is slave to the lender, which is absolutely true.
Not in the slightest. No more than I'm a slave to anyone else I do business with.
by Earl Lemongrab
Tue Dec 05, 2017 6:14 pm
Forum: Personal Consumer Issues
Topic: Holiday Tipping
Replies: 30
Views: 2268

Re: Holiday Tipping

No tipping. With the trash people, there's no guarantee that the usuals will get the money. Near the holidays, the regular employees are often on vacation and fill-ins are working various routes. Not that I would tip them anyway. They do their job.
by Earl Lemongrab
Tue Dec 05, 2017 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: Mega Backdoor Roth IRA Pro-Rata Question
Replies: 8
Views: 826

Re: Mega Backdoor Roth IRA Pro-Rata Question

A few more questions: -I have both a traditional IRA and Roth IRA (I originally only mentioned the Roth). If I rollover both the after tax contributions and gains at the same time to separate accounts, do I need to be worried about the pro-rate rule? Should I role my tIRA to my 401k to be safe? Sor...
by Earl Lemongrab
Tue Dec 05, 2017 4:50 pm
Forum: Investing - Help with Personal Investments
Topic: New Cash - dollar-cost averaging in?
Replies: 35
Views: 1892

Re: New Cash - dollar-cost averaging in?

You have two questions. Yes, the fact that you have already made the sale makes it a decent idea to review your asset allocation based on your near-term needs. As far as the market-timing, I'll trot one of the typical counter-arguments. What if you do this DCA in all next year and the market is the ...