Search found 2890 matches

by Earl Lemongrab
Sun Nov 19, 2017 12:48 am
Forum: Investing - Theory, News & General
Topic: Scottrade to TDA
Replies: 24
Views: 1654

Re: Scottrade to TDA

bgf wrote:
Sat Nov 18, 2017 8:10 pm
my taxable account already qualifies for the 30 free, and my roths would get there in a couple years.
You don't need to qualify in each account. It's the total assets.
by Earl Lemongrab
Sat Nov 18, 2017 7:45 pm
Forum: Investing - Theory, News & General
Topic: Scottrade to TDA
Replies: 24
Views: 1654

Re: Scottrade to TDA

If I switch to Merrill, I would get only $100 each for 2 Roth IRAs. There doesn't appear to be any bonus for my taxable account. Then I guess $6.95 per trade after that. Does Merrill have any commission free ETFs? If I switch to Schwab, I'll get almost 10 years of free trades, then I'll get free Sc...
by Earl Lemongrab
Sat Nov 18, 2017 4:25 pm
Forum: Investing - Theory, News & General
Topic: Is holding bonds now dangerous?
Replies: 71
Views: 3944

Re: Is holding bonds now dangerous?

My fixed-income allocation (40% of total) is 50/50 bond index and stable value. So the latter is 20% of the total. While not completely free from the possibility of loss, it's pretty close at least in nominal terms. To me that's a pretty good safety net in the allocation. I'm not entirely sure what ...
by Earl Lemongrab
Sat Nov 18, 2017 4:17 pm
Forum: Investing - Help with Personal Investments
Topic: Do you include the sale of your home as part of your retirement planning?
Replies: 53
Views: 1996

Re: Do you include the sale of your home as part of your retirement planning?

For me the importance lies in my wanting to maximize what I can spend in the first 10 years of retirement. Including or not including the sale of the house is material to the amount I would have available. Everyone has different priorities. Well, I don't have any plans to spend as much as possible....
by Earl Lemongrab
Sat Nov 18, 2017 3:38 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth Vs Traditional IRA for Wife’s Accounts
Replies: 6
Views: 293

Re: Backdoor Roth Vs Traditional IRA for Wife’s Accounts

It's possible that they would. Megacorp is adding that for next year. It's not common though.
by Earl Lemongrab
Sat Nov 18, 2017 3:38 pm
Forum: Personal Consumer Issues
Topic: Favorite Holiday Recipes
Replies: 40
Views: 2774

Re: Favorite Holiday Recipes

You can also make the dressing in muffin pans for individual servings.
by Earl Lemongrab
Sat Nov 18, 2017 1:55 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth Vs Traditional IRA for Wife’s Accounts
Replies: 6
Views: 293

Re: Backdoor Roth Vs Traditional IRA for Wife’s Accounts

Since none are with active employers I can’t roll them into one 401k. What does not active employers mean? Have you talked to the admins of all of the 401ks? It seems odd they would not like more assets. Presumably former employers as she's not working now. Most plans don't allow roll ins in that c...
by Earl Lemongrab
Sat Nov 18, 2017 1:51 pm
Forum: Investing - Help with Personal Investments
Topic: Do you include the sale of your home as part of your retirement planning?
Replies: 53
Views: 1996

Re: Do you include the sale of your home as part of your retirement planning?

No. Then again, its value is small compared to investments. Selling it would be part of contingent planning for extended long-term health care, as my POA could sell it and use the money for that as needed. No one knows the future, so I don't see any point to specific planning like that for events 20...
by Earl Lemongrab
Sat Nov 18, 2017 1:44 pm
Forum: Investing - Help with Personal Investments
Topic: Confused about cash and retirement - isn't this really about market timing?
Replies: 24
Views: 1994

Re: Confused about cash and retirement - isn't this really about market timing?

The problem with "when you have won the game" is that the game isn't over. It's never over from your perspective. And the rules of the game can change at any time without notice.
by Earl Lemongrab
Sat Nov 18, 2017 1:38 pm
Forum: Investing - Help with Personal Investments
Topic: Roth transfer: Wait for December distributions?
Replies: 4
Views: 241

Re: Roth transfer: Wait for December distributions?

As to why the share price goes down, think about what would happen if it didn't. A lot of people would buy the stock or fund right before the distribution, take that money, then sell the shares for what they paid. Free money. Or in parlance, an "exploitable inefficiency". For your situation, you sho...
by Earl Lemongrab
Sat Nov 18, 2017 1:06 pm
Forum: Investing - Help with Personal Investments
Topic: Who has had a 3 or 4 Fund Portfolio the past 10 - 15 years?
Replies: 9
Views: 1096

Re: Who has had a 3 or 4 Fund Portfolio the past 10 - 15 years?

I devised my portfolio ten years ago. It's all index funds (other than stable-value) but not three fund. It's a slice-and-dice with a substantial tilt to small and value. Personally I wouldn't see any value to having someone manage my portfolio. Doubly so for a simple one. It's so easy these days.
by Earl Lemongrab
Sat Nov 18, 2017 11:17 am
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 642
Views: 104085

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Since cost basis will be transferred, it seems to me a full transfer is a better way to go. With all things being equal, I rather have one less account, to keep life simpler, provided the account closing fee is covered. What am I missing? I like being able to access the old documents for a period. ...
by Earl Lemongrab
Fri Nov 17, 2017 8:47 pm
Forum: Personal Finance (Not Investing)
Topic: Paid off my house. Now how to handle insurance and tax payments?
Replies: 21
Views: 1871

Re: Paid off my house. Now how to handle insurance and tax payments?

I pay my homeowner's (along with umbrella and car) by credit card. Property taxes in December by online payment. Either is small compared to my overall operating capital, so I don't do anything special.

I had escrow on my first mortgage, but from then on I insisted on waiving escrow.
by Earl Lemongrab
Fri Nov 17, 2017 7:51 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 642
Views: 104085

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

alphaomega wrote:
Fri Nov 17, 2017 7:25 pm
Are cost basis normally transferred via the ACATs process?
Yes, although it can take some time to get that across.
by Earl Lemongrab
Fri Nov 17, 2017 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: Are my husband's traditional IRA contributions deductible for 2017?
Replies: 9
Views: 576

Re: Are my husband's traditional IRA contributions deductible for 2017?

A 401k is a qualified retirement plan. It makes no difference if the employee participates or does not participate in the 401k. W-2 box 13 is checked when the employer has the retirement plan in place. That's incorrect. The IRS publications make it clear that there has to be a contribution from eit...
by Earl Lemongrab
Fri Nov 17, 2017 3:22 pm
Forum: Investing - Help with Personal Investments
Topic: Invested more than $5500 in IRA - Help
Replies: 12
Views: 807

Re: Invested more than $5500 in IRA - Help

You are right I am contributing via a workplace plan into a roth 401(k). I had read a few threads here where it was mentioned that its best to invest in the traditional 401(k) only upto the amount that your company matches (6%) and invest the rest in a post -tax Roth account. I believe given that t...
by Earl Lemongrab
Fri Nov 17, 2017 1:20 pm
Forum: Personal Finance (Not Investing)
Topic: non deductible ira moved to 401k??
Replies: 8
Views: 639

Re: non deductible ira moved to 401k??

Yeah, and I see a lot of doubt that the person understood the instructions. Also, customer service reps frequently say things that are incorrect. Unless the receiver requires account statements, how could they possibly tell the difference between growth from pretax contributions and after-tax? In th...
by Earl Lemongrab
Fri Nov 17, 2017 1:41 am
Forum: Investing - Theory, News & General
Topic: Scottrade to TDA
Replies: 24
Views: 1654

Re: Scottrade to TDA

My current plan is to wait until my bonuses hit their one-year anniversaries and then transfer my accounts to Merrill Edge. My research shows you'll get free trades if your accounts total $250K or more, and if you ask they'll even reimburse you the transfer fee(s). Plus they offer a cash bonus, unl...
by Earl Lemongrab
Fri Nov 17, 2017 12:36 am
Forum: Personal Finance (Not Investing)
Topic: non deductible ira moved to 401k??
Replies: 8
Views: 639

Re: non deductible ira moved to 401k??

We have seen cases in this forum where some plans accept the growth and some plans don't. We have? I've seen you claim it often. I don't recall many if any actual cases. Could you provide some thread links? Earl, your last two sentences also sound contradictory. You don't think the growth on the no...
by Earl Lemongrab
Thu Nov 16, 2017 8:33 pm
Forum: Personal Finance (Not Investing)
Topic: Did you tell anyone you paid off your mortgage?
Replies: 328
Views: 34532

Re: Did you tell anyone you paid off your mortgage?

I don't understand the question. I can certainly live in the home that I own. Ok, so this was just a home equity line that you paid off? Normally if you have a loan against your house and it "runs out", you have to refinance it. I haven't heard that phrasing before. Are you thinking of a balloon lo...
by Earl Lemongrab
Thu Nov 16, 2017 8:30 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 642
Views: 104085

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Most seem to give bonuses for existing customers, although might need to open a new account. I haven't had one turned down because I already had an account. The exception right now is Schwab as they really only have one offer that's truly for new customers as I understand. Some limit the number of b...
by Earl Lemongrab
Thu Nov 16, 2017 7:02 pm
Forum: Investing - Help with Personal Investments
Topic: Do I need to talk with my FA at Edward Jones because I want to transfer my stock to Vanguard?
Replies: 23
Views: 1575

Re: Do I need to talk with my FA at Edward Jones because I want to transfer my stock to Vanguard?

If you don't have cash in the account, transferring with a negative balance is fairly common. That way the prior custodian doesn't need to sell some of your stocks or funds. Some custodians will pay that just to get your business. Vanguard is not one. So youre saying vanguard would not pay it and h...
by Earl Lemongrab
Thu Nov 16, 2017 6:29 pm
Forum: Investing - Help with Personal Investments
Topic: Do I need to talk with my FA at Edward Jones because I want to transfer my stock to Vanguard?
Replies: 23
Views: 1575

Re: Do I need to talk with my FA at Edward Jones because I want to transfer my stock to Vanguard?

If you don't have cash in the account, transferring with a negative balance is fairly common. That way the prior custodian doesn't need to sell some of your stocks or funds. Some custodians will pay that just to get your business. Vanguard is not one.
by Earl Lemongrab
Thu Nov 16, 2017 6:25 pm
Forum: Investing - Help with Personal Investments
Topic: Mega Backdoor questions
Replies: 31
Views: 1877

Re: Mega Backdoor questions

2bdbest wrote:
Thu Nov 16, 2017 1:13 pm
Do i have to maxed-out my pre-tax 403b contributions before contributing to after-tax on the 403b plan?
In general, no. Your plan might require that. Another thing to ask. Many plans allow contributing to both at the same time, or even nothing but after-tax.
by Earl Lemongrab
Thu Nov 16, 2017 5:48 pm
Forum: Investing - Help with Personal Investments
Topic: sell fidelity index mutual fund and replace with etf index for tax benefit?
Replies: 12
Views: 1039

Re: sell fidelity index mutual fund and replace with etf index for tax benefit?

Would Fidelity permit an exchange to ITOT like Vanguard does? That'd address the tax issue if permitted. No. For one thing, ITOT is an iShares product from Blackrock, not Fidelity. Secondly the only reason Vanguard can do the no-gains conversion is because the ETFs are share classes of the mutual f...
by Earl Lemongrab
Thu Nov 16, 2017 5:41 pm
Forum: Investing - Help with Personal Investments
Topic: help assessing risk of promissory note w/ Techshop, Inc.
Replies: 40
Views: 6799

Re: help assessing risk of promissory note w/ Techshop, Inc.

I saw on the news that they closed they operation here in St. Louis.
by Earl Lemongrab
Thu Nov 16, 2017 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: Did you tell anyone you paid off your mortgage?
Replies: 328
Views: 34532

Re: Did you tell anyone you paid off your mortgage?

My current loan has run out, but I won't do anything until I decide whether I want to move in the short term. No point in getting a loan and then selling the house. Don't you have to do something ? Can you just live there without paying? :confused I don't understand the question. I can certainly li...
by Earl Lemongrab
Thu Nov 16, 2017 5:31 pm
Forum: Investing - Theory, News & General
Topic: Scottrade to TDA
Replies: 24
Views: 1654

Re: Scottrade to TDA

I think there's zero chance that they will pay bonuses when the merger completes. Why would they? I can't say for sure about the other direction, but I know that Scottrade is not accepting transfers of TDA accounts at this time. So you can't get a Scottrade bonus for assets at TDA.
by Earl Lemongrab
Thu Nov 16, 2017 1:46 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 642
Views: 104085

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

With taxable accounts, you can always just withdraw the remaining cash. IRAs are trickier with the advent of the one-rollover rule. In the past you could just do an indirect rollover with the cash.
by Earl Lemongrab
Thu Nov 16, 2017 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: Did you tell anyone you paid off your mortgage?
Replies: 328
Views: 34532

Re: Did you tell anyone you paid off your mortgage?

As noted upthread, re-mortgaging a fully-owned property can be a lot more difficult than you're making it out to be, and will nearly always be more expensive. It depends. I used a home-equity loan that had a great interest rate (unfortunately nothing that good currently) with no closing costs. Now,...
by Earl Lemongrab
Thu Nov 16, 2017 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: non deductible ira moved to 401k??
Replies: 8
Views: 639

Re: non deductible ira moved to 401k??

You will have to notify the 401K custodian of both the amount of the non-deductible contribution that they received and the growth on that contribution that they received, since they have no way of determining the growth that happened before they received the money. What do you mean? The growth pri...
by Earl Lemongrab
Thu Nov 16, 2017 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: non deductible ira moved to 401k??
Replies: 8
Views: 639

Re: non deductible ira moved to 401k??

Spirit Rider wrote:
Thu Nov 16, 2017 12:37 am
They will gladly roll the non-deductible basis and any earnings back into the IRA it came from.
I don't know about "gladly".
by Earl Lemongrab
Thu Nov 16, 2017 11:51 am
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 642
Views: 104085

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Generally, I prefer partials. Sometimes a full transfer will close the account and make it difficult to access account documents. As noted, some custodians have lower or no transfer out fees on partial transfer (although you should always try to get the receiver to pay those).
by Earl Lemongrab
Wed Nov 15, 2017 12:59 pm
Forum: Investing - Theory, News & General
Topic: Is treating all accounts as one bucket really simpler
Replies: 14
Views: 2016

Re: Is treating all accounts as one bucket really simpler

Complexity should bring a benefit. I see no benefit to mirroring allocation in all accounts. In my case, I'm 60/40. That means I'd need to buy a lot of muni funds in taxable, while holding stock funds in my 401(k). Also, I'd have to bump a lot of stock out of Roth IRA to hold bonds. Where is the adv...
by Earl Lemongrab
Wed Nov 15, 2017 12:42 am
Forum: Investing - Theory, News & General
Topic: Are actively managed funds that claim to beat the market actually "scams"?
Replies: 29
Views: 2450

Re: Are actively managed funds that claim to beat the market actually "scams"?

How can it be a scam to state a fact? Maybe “scam” isn’t the right word - but it’s certainly possible to present facts in a materially misleading way, which could improperly influence the investment decision making process. I believe that is the point of the OP’s question. It's not even close to th...
by Earl Lemongrab
Tue Nov 14, 2017 6:42 pm
Forum: Investing - Help with Personal Investments
Topic: Is it worth starting investing if 7-8 years from retirement?
Replies: 22
Views: 2392

Re: Is it worth starting investing if 7-8 years from retirement?

As I recall, an employee that works less than 1000 hours per year does not have to be included in the plan.
by Earl Lemongrab
Tue Nov 14, 2017 6:07 pm
Forum: Personal Finance (Not Investing)
Topic: H&R Block Software
Replies: 31
Views: 3042

Re: H&R Block Software

mervinj7 wrote:
Tue Nov 14, 2017 5:37 pm
Yep, it's only 5% now. So, no advantage over using the prime card to get 5% off.
In the past, even though Amazon was emphasized, there were a number of options for the gift cards. Also, lots of us aren't Prime members, so no 5% cash back.
by Earl Lemongrab
Tue Nov 14, 2017 6:01 pm
Forum: Personal Finance (Not Investing)
Topic: Isn't it safer to NOT sign Credit card?
Replies: 97
Views: 6183

Re: Isn't it safer to NOT sign Credit card?

I think you may be missing the point of the signature. It serves the same purpose as a pin. Rather than protecting the cardholder from fraud (who really is already protected) it prevents the merchant and bank from chargebacks by denying deniability to the purchaser: the signature proves (to you) th...
by Earl Lemongrab
Tue Nov 14, 2017 4:53 pm
Forum: Personal Consumer Issues
Topic: Creating External Exhaust for Microwave over Range - Need Reality Check
Replies: 26
Views: 2024

Re: Creating External Exhaust for Microwave over Range - Need Reality Check

While an over range microwave isn't great, my kitchen doesn't have a huge amount of counter space and trying to place an individual unit there would really cause a shortage.
by Earl Lemongrab
Tue Nov 14, 2017 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: POAs may not be that powerful
Replies: 93
Views: 4625

Re: POAs may not be that powerful

It sounds like Vanguard is (sort of) converting the durable POA to a springing POA by requiring a doctor to sign off on incapacity. If they followed the law, then that would not be necessary. I haven't heard a good reason why Vanguard thinks it is above the law.
by Earl Lemongrab
Tue Nov 14, 2017 12:40 pm
Forum: Investing - Help with Personal Investments
Topic: Separate Unlinked Vanguard Account
Replies: 7
Views: 518

Re: Separate Unlinked Vanguard Account

At TD Ameritrade, separate accounts are the default. You have to go through a process to link accounts if you want that.
by Earl Lemongrab
Tue Nov 14, 2017 12:34 pm
Forum: Investing - Help with Personal Investments
Topic: consolidating accounts
Replies: 6
Views: 606

Re: consolidating accounts

With the "various IRAs", you would want to convert them to cash in each IRA account then do a "trustee to trustee" transfer. Your present brokerage should make the check out to "VFTC FBO veeba" for each separate IRA. Abbreviations are: Vanguard Fiduciary Trust Company & For Benefit Of. The check wi...
by Earl Lemongrab
Tue Nov 14, 2017 12:28 pm
Forum: Investing - Theory, News & General
Topic: What is all the recent talk about a bond bubble?
Replies: 22
Views: 2271

Re: What is all the recent talk about a bond bubble?

What seems crazy is that I can earn more on a 5-year CD, with FDIC insurance no risk of loss of principal. It leaves me scratching my head a bit as to why I would want to buy a bond at all and not just buy CDs. For one thing, I've never heard of a "CD fund". So people might not want to spend the pe...
by Earl Lemongrab
Tue Nov 14, 2017 11:56 am
Forum: Personal Finance (Not Investing)
Topic: Losing all of your savings.
Replies: 41
Views: 5558

Re: Losing all of your savings.

I'm dubious about the point of all of this. If it's true (i.e. not a troll) then the OP ignored the advice given in the previous thread and in between March and now blew at a six-figure savings account through "bad investments". Without some clarification, I don't see the point in responses. Especia...
by Earl Lemongrab
Mon Nov 13, 2017 5:15 pm
Forum: Personal Finance (Not Investing)
Topic: POAs may not be that powerful
Replies: 93
Views: 4625

Re: POAs may not be that powerful

There is nothing that prevents a person from being proactive with a POA. We supplied copies of our properly executed POA's to our brokerage house as soon as we executed them. They had their legal folks review them. They archived copies, linked to our accounts, and provided feedback that they would ...
by Earl Lemongrab
Mon Nov 13, 2017 5:07 pm
Forum: Personal Finance (Not Investing)
Topic: Losing all of your savings.
Replies: 41
Views: 5558

Re: Losing all of your savings.

Toons wrote:
Mon Nov 13, 2017 3:46 pm
Make Lemonade out of Lemons.
Hey!
by Earl Lemongrab
Mon Nov 13, 2017 5:03 pm
Forum: Personal Finance (Not Investing)
Topic: Home fire insurance
Replies: 9
Views: 578

Re: Home fire insurance

I doubt that the insurance pays off the mortgage. However, the lienholder has a vested interest in the property and making sure it gets repaired/replaced. That usually means that the checks for that portion are sent to the mortgage company and placed in escrow for you to draw on for the rebuilding.
by Earl Lemongrab
Mon Nov 13, 2017 4:54 pm
Forum: Personal Finance (Not Investing)
Topic: Getting a home mortgage without spouse?
Replies: 43
Views: 2593

Re: Getting a home mortgage without spouse?

Even though married four decades (same wife), I am no marital relationhip "expert". Just my opinion of how this might be perceived by the wife. She might "hear" or "perceive": You see, dear, that I have this really high credit score - but yours (in the low 700's) is so inferior to mine because you ...