Search found 4682 matches

by Earl Lemongrab
Fri Jul 20, 2018 6:13 pm
Forum: Personal Consumer Issues
Topic: High school graduation monetary gift for nephew
Replies: 20
Views: 791

Re: High school graduation monetary gift for nephew

What's your hunch/gut feeling for an appropriate gift? I don't understand why you wouldn't give $10k (you said it first, not me) if you can. At least this point it would probably change his life more than it would change yours. I picked 10k because I thought it was a ridiculous number. Is that some...
by Earl Lemongrab
Fri Jul 20, 2018 3:59 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Advisor
Replies: 16
Views: 1181

Re: Vanguard Advisor

Vanguard doesn't "make more" off a $300K vs $200K account. Vanguard provides its services at cost to its clients, so it's not making a profit at all on its funds whether you invest $3K or $300K. PAS is a separate service from the mutual funds, for which Vanguard charges 0.3%. I don't see any indica...
by Earl Lemongrab
Fri Jul 20, 2018 3:41 pm
Forum: Investing - Help with Personal Investments
Topic: 401(k) rollover question
Replies: 11
Views: 381

Re: 401(k) rollover question

Why do you have an existing TIRA with after-tax contributions? Why haven't you already converted that to Roth? If you are phased out of regular Roth contributions then you should be using backdoor Roth. That means you don't want much of pretax situation. Is the existing plan bad? Sometimes the best ...
by Earl Lemongrab
Fri Jul 20, 2018 3:34 pm
Forum: Investing - Help with Personal Investments
Topic: To transfer, or not to transfer, that is my question?
Replies: 2
Views: 296

Re: To transfer, or not to transfer, that is my question?

Why not just leave it in the TSP? The G fund is a pretty good principal-protected fund, but it's not the amazing free lunch that people make it out to be. However, the TSP has good low-cost index funds. What are you investing the TIRA in currently?
by Earl Lemongrab
Fri Jul 20, 2018 2:57 pm
Forum: Investing - Theory, News & General
Topic: Index-ish fund that lacks FAANG?
Replies: 18
Views: 793

Re: Index-ish fund that lacks FAANG?

Large-cap value will eliminate the main growth stocks.
by Earl Lemongrab
Fri Jul 20, 2018 2:28 pm
Forum: Personal Consumer Issues
Topic: High school graduation monetary gift for nephew
Replies: 20
Views: 791

Re: High school graduation monetary gift for nephew

What will he use the money for? Is he going to have to borrow for college? I don't know. I have not inquired. I think it likely his parents will be at least assisting. He's going to in-state school. If he would appreciate it, $1,000 would be great. Any number of $100 bills that you chose to give wo...
by Earl Lemongrab
Fri Jul 20, 2018 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: Denied Umbrella Coverage Twice - What now?
Replies: 11
Views: 1152

Re: Denied Umbrella Coverage Twice - What now?

There was a cop cam video of the cops that were joking about using a coin flip app. The woman got a reckless driving for going 80 on wet roads. At least where they were, that meant she was arrested and taken to jail.
by Earl Lemongrab
Fri Jul 20, 2018 12:54 pm
Forum: Personal Consumer Issues
Topic: High school graduation monetary gift for nephew
Replies: 20
Views: 791

High school graduation monetary gift for nephew

I'm giving my nephew a check for his recent graduation, along with a (hopefully) nice note. What is an appropriate gift level? Note that this is not predicated on how much I have or how much I'd "feel" the loss of the money. I could give him 10k and it would make little difference in my situation. I...
by Earl Lemongrab
Fri Jul 20, 2018 12:46 pm
Forum: Personal Consumer Issues
Topic: Fake IRS calls - anybody care?
Replies: 58
Views: 2392

Re: Fake IRS calls - anybody care?

Yes people do fall for these and others like "this is the electric company and we'll be shutting you off without immediate payment". Sadly, the most frequent victims are the elderly, poor, and immigrants. The latter two categories are often very afraid of the police and other authorities.
by Earl Lemongrab
Fri Jul 20, 2018 11:49 am
Forum: Personal Finance (Not Investing)
Topic: Reevaluating mortgage payoff strategy
Replies: 34
Views: 2966

Re: Reevaluating mortgage payoff strategy

I am in a similar position as the OP with a rate of 2.99% and 60k left on a nearly 400k home but in the end all points every one is making is valid but every time I see these discussion the point I feel people leave out is that the OP and any others have to be confident in their investing strategy ...
by Earl Lemongrab
Fri Jul 20, 2018 10:38 am
Forum: Personal Finance (Not Investing)
Topic: Reevaluating mortgage payoff strategy
Replies: 34
Views: 2966

Re: Reevaluating mortgage payoff strategy

Pay off the mortgage your future self will thank you. +1 I laugh how many here talk about low er's for investing. Like the differnce being in a Target Fund vs 3 fund because you save on the er. But we have no problem paying 3.3% for 30 years on a mortgage. This does not make sense. I look at paying...
by Earl Lemongrab
Thu Jul 19, 2018 11:09 pm
Forum: Investing - Help with Personal Investments
Topic: Transfer CapOne360 to Vanguard, or easier to wait until it's E-Trade?
Replies: 21
Views: 2118

Re: Transfer CapOne360 to Vanguard, or easier to wait until it's E-Trade?

I have transferred assets out of the old Capital One brokerage and never needed a signature guarantee.
by Earl Lemongrab
Thu Jul 19, 2018 12:44 pm
Forum: Investing - Help with Personal Investments
Topic: Mega Backdoor Roth IRA Withdrawal Pro-Rata?
Replies: 14
Views: 710

Re: Mega Backdoor Roth IRA Withdrawal Pro-Rata?

There is a difference between in-service withdrawals which have specific withdrawal ordering rules (i.e. you can withdraw after-tax contributions + earnings first) and post-separation distributions/rollovers in which the distribution must be prorata. I don't believe that's correct either. When a pl...
by Earl Lemongrab
Thu Jul 19, 2018 12:34 pm
Forum: Investing - Theory, News & General
Topic: I may have understood why it's so hard to save and invest
Replies: 52
Views: 5819

Re: I may have understood why it's so hard to save and invest

Why was investing this a lot of work? Investing has never been easier. I can transfer money from a linked bank account and invest it with a few online moves.
by Earl Lemongrab
Thu Jul 19, 2018 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: What is the most severe hyperbolic discounting you have ever acted on?
Replies: 30
Views: 2189

Re: What is the most severe hyperbolic discounting you have ever acted on?

I get the big cartons of oatmeal at Aldi. I don't detect much difference between brands on rolled oats.

I just finished a bowl with sliced banana.
by Earl Lemongrab
Thu Jul 19, 2018 11:55 am
Forum: Personal Finance (Not Investing)
Topic: Reevaluating mortgage payoff strategy
Replies: 34
Views: 2966

Re: Reevaluating mortgage payoff strategy

I wouldn't accelerate a low-cost loan like that, even without deduction. At your age, time is way on your side with investing and I would concentrate on that.

Remember that you're paying with inflation-discounted dollars. Right now, the inflation rate is 2.9%.
by Earl Lemongrab
Thu Jul 19, 2018 12:12 am
Forum: Investing - Help with Personal Investments
Topic: Transfer CapOne360 to Vanguard, or easier to wait until it's E-Trade?
Replies: 21
Views: 2118

Re: Transfer CapOne360 to Vanguard, or easier to wait until it's E-Trade?

I've transferred many accounts between various custodians and never had that be a requirement. Many don't even really require any forms. It's all done online.

People argue with me about this, but almost every time signature guarantees come up, Vanguard seems to be in the loop somewhere.
by Earl Lemongrab
Wed Jul 18, 2018 9:15 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone not have a Budget?
Replies: 114
Views: 6362

Re: Anyone not have a Budget?

Maybe it’s my nature, but I find it hard to comprehend how anyone could not at least estimate what they can safely spend and compare that to what they in fact spend. It seems that regardless of one’s income or wealth there are still limits to what one can safely spend. I wouldn’t sleep nights if I ...
by Earl Lemongrab
Wed Jul 18, 2018 4:44 pm
Forum: Investing - Theory, News & General
Topic: Fellow TDA bogleheads [TDA dropping Vanguard ETFs from commission-free list]
Replies: 562
Views: 65318

Re: Fellow TDA bogleheads [TDA dropping Vanguard ETFs from commission-free list]

I've opened several accounts at Merrill Edge. All were done online and available immediately.
by Earl Lemongrab
Wed Jul 18, 2018 4:43 pm
Forum: Personal Finance (Not Investing)
Topic: 403B Coal Raking! Help!
Replies: 14
Views: 1346

Re: 403B Coal Raking! Help!

It's not even a case that it's unlikely that a plan will allow rollovers out. The LAW prohibits in-service distribution of employee deferrals or Roth contributions before age 59-1/2. I think he's talking about a rollover/transfer, as opposed to a distribution. There used to be a way to do that in s...
by Earl Lemongrab
Wed Jul 18, 2018 4:39 pm
Forum: Investing - Help with Personal Investments
Topic: How do you handle the urge to DO something?
Replies: 94
Views: 5532

Re: How do you handle the urge to DO something?

I worked hard over the years to become lazy and a procrastinator.
by Earl Lemongrab
Wed Jul 18, 2018 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: 403B Coal Raking! Help!
Replies: 14
Views: 1346

Re: 403B Coal Raking! Help!

It's not even a case that it's unlikely that a plan will allow rollovers out. The LAW prohibits in-service distribution of employee deferrals or Roth contributions before age 59-1/2.
by Earl Lemongrab
Wed Jul 18, 2018 1:47 pm
Forum: Investing - Help with Personal Investments
Topic: Transfer CapOne360 to Vanguard, or easier to wait until it's E-Trade?
Replies: 21
Views: 2118

Re: Transfer CapOne360 to Vanguard, or easier to wait until it's E-Trade?

Update: I was transferring two accounts - one single, one joint - to a new joint account at Schwab. Capital One approved the joint move but has asked me for a Medallion guarantee for the individual account, which makes no sense (since the individual is me, and I'm also one of the joint owners!). In...
by Earl Lemongrab
Wed Jul 18, 2018 1:20 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Solo 401k Placement
Replies: 15
Views: 674

Re: Help with Solo 401k Placement

How does a non-prototype plan work at Vanguard? Will they give you access to the ETFs and Admiral shares that are not available in their off-the-shelf plans?
by Earl Lemongrab
Wed Jul 18, 2018 1:10 pm
Forum: Investing - Help with Personal Investments
Topic: The future for long term bond index funds? i.e. VWALX
Replies: 5
Views: 636

Re: The future for long term bond index funds? i.e. VWALX

It's difficult to impossible for most people to time any market. If you truly knew what any fund would do over the years, you'd be able to make a killing with options. The thing is that what you know about interest rates is known by everyone else and already in the price of the fund. There's no real...
by Earl Lemongrab
Wed Jul 18, 2018 1:00 pm
Forum: Investing - Help with Personal Investments
Topic: Realizing 85% of 401k contribution going to bonds
Replies: 20
Views: 2205

Re: Realizing 85% of 401k contribution going to bonds

When I was still contributing, my 401(k) contributions were 100% fixed-income just to keep up with the rising stock market. The effect of this was to squeeze stock funds out of the 401(k) and make it more oriented to FI. As I have good choices in that area, it doesn't bother me.
by Earl Lemongrab
Wed Jul 18, 2018 12:34 pm
Forum: Investing - Theory, News & General
Topic: The joys of investing
Replies: 19
Views: 1998

Re: The joys of investing

My investments aren't a form of entertainment for me. It was something I needed to do to get where I am, and that I need to do to keep going where I will be.
by Earl Lemongrab
Wed Jul 18, 2018 12:28 pm
Forum: Investing - Theory, News & General
Topic: Is Tax-Managed Small Cap (VTMSX) an underrated fund?
Replies: 41
Views: 4438

Re: Is Tax-Managed Small Cap (VTMSX) an underrated fund?

was considering adding small cap blend to my taxable so what 'tax advantage' would VTMSX have over VSMAX? They follow different indexes. In general the S&P 600 is smaller. If you go to the Morningstar site and look at the Portfolio tab you can compare the style boxes. VSMAX (aka NAESX/VB) has a hea...
by Earl Lemongrab
Wed Jul 18, 2018 12:22 pm
Forum: Investing - Theory, News & General
Topic: Is Tax-Managed Small Cap (VTMSX) an underrated fund?
Replies: 41
Views: 4438

Re: Is Tax-Managed Small Cap (VTMSX) an underrated fund?

Dead Man Walking wrote:
Tue Jul 17, 2018 11:20 pm
I'm surprised that no one posted performance statistics for small cap value vs this fund.
As is often the case, it depends on the time period. However, through most periods they're pretty close.
by Earl Lemongrab
Wed Jul 18, 2018 11:56 am
Forum: Investing - Theory, News & General
Topic: Help me understand TIPs.
Replies: 44
Views: 2571

Re: Help me understand TIPs.

To be extremely picky, it's TIPS. The 'S' is not a plural, it stands for "security".
by Earl Lemongrab
Wed Jul 18, 2018 10:54 am
Forum: Personal Finance (Not Investing)
Topic: Thrift Savings Plan Loan Help/Withdrawl/Tax
Replies: 11
Views: 841

Re: Thrift Savings Plan Loan Help/Withdrawl/Tax

...The good thing about the TSP is that I am paying my loan back to myself with interest, not some bank. It is not just you but a lot of others that this logic doesn't make sense. Why is that? Why does it matter who pays your interest on your retirement account? Does the loan interest you pay worth...
by Earl Lemongrab
Tue Jul 17, 2018 11:34 pm
Forum: Personal Finance (Not Investing)
Topic: Home Equity Loan: anyone have experience?
Replies: 7
Views: 603

Re: Home Equity Loan: anyone have experience?

I had a home-equity loan some years back. At the time, the rate on a five-year loan was low and no closing costs. As my home mortgage had about that term to run, it made sense to get the HEL and pay off the mortgage, continuing to invest the difference.
by Earl Lemongrab
Mon Jul 16, 2018 11:36 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1044
Views: 184644

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

I usually just open a new account because it's easier than having to call or use the secure message system. When you open an account you can use the offer code directly. But I'm normally looking to move them out again later, of course.
by Earl Lemongrab
Mon Jul 16, 2018 1:07 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone Else Here Trying to Max Out 401k for the 1st Time in 2018?
Replies: 30
Views: 2093

Re: Anyone Else Here Trying to Max Out 401k for the 1st Time in 2018?

mortfree wrote:
Sun Jul 15, 2018 6:16 pm
I have to max it out with my last paycheck and I don’t want $58 (I.e. the amount just over 18.5k) going to an after tax account.
If your plan has in-service distribution or in-plan rollover of after-tax, then you're missing an opportunity to up your Roth contributions.
by Earl Lemongrab
Mon Jul 16, 2018 12:52 pm
Forum: Investing - Theory, News & General
Topic: Brokers sell ETF order flow used to trade against clients
Replies: 24
Views: 1595

Re: Brokers sell ETF order flow used to trade against clients

There are many ways to evaluate the situation. I have over $1 million in stock ETFs, none of which are held at Vanguard. If I used mutual funds instead, I'd have to either move everything there to get Admiral shares or use Investor shares. The latter would cost me somewhere in the neighborhood of 10...
by Earl Lemongrab
Mon Jul 16, 2018 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: Are Credit Cards Actually Convenient?
Replies: 65
Views: 3686

Re: Are Credit Cards Actually Convenient?

I use cards pretty much when I can. The last time I had one declined I got home and found a fraud-alert email from the provider. As I always carry multiple cards, I had used one of the others at the store. I've never had one randomly declined for no reason. But I don't travel much. At some stores, t...
by Earl Lemongrab
Mon Jul 16, 2018 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone not have a Budget?
Replies: 114
Views: 6362

Re: Anyone not have a Budget?

I'm a frugal type (who said cheap?!) so I've never needed a budget. I never pay any attention to aggregate spending either. Basically each purchase is evaluated on its own. I've done spending analysis, basically going over year-end credit card and bank statements to get a rough idea of needs for ret...
by Earl Lemongrab
Mon Jul 16, 2018 11:38 am
Forum: Personal Consumer Issues
Topic: Why own a bed?
Replies: 140
Views: 8966

Re: Why own a bed?

I don't really understand the question. Last time I bought a mattress, the box spring came with it. I just kept using the old bed frame. If you like using a mattress on the floor, by all means go for it. I would think it would be difficult to find a night table that's a good height to work with that.
by Earl Lemongrab
Mon Jul 16, 2018 11:07 am
Forum: Personal Consumer Issues
Topic: Heart Rate Monitors Fitbit vs. Garmin
Replies: 29
Views: 1613

Re: HR Monitors Fitbit vs. Garmin

To me, "HR" means "Human Resources". So the thought that they were monitoring your Fitbit seemed a tad intrusive.
by Earl Lemongrab
Sun Jul 15, 2018 11:48 pm
Forum: Investing - Help with Personal Investments
Topic: GE Pension distribution questions
Replies: 6
Views: 831

Re: GE Pension distribution questions

If you have after-tax amounts, then you should be able to roll that into a Roth. That being said, this isn't very familiar territory for me. I'd wait to hear back on the details.
by Earl Lemongrab
Sun Jul 15, 2018 4:54 pm
Forum: Investing - Help with Personal Investments
Topic: GE Pension distribution questions
Replies: 6
Views: 831

Re: GE Pension distribution questions

Rollovers never have anything to do with the contribution limit. Any time you have an eligible rollover distribution, and pension lump sums generally are, you can roll them to traditional or Roth IRAs. In the latter case, you'd owe tax on the pretax amount. It almost sounds like you have some after-...
by Earl Lemongrab
Sun Jul 15, 2018 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: Thrift Savings Plan Loan Help/Withdrawl/Tax
Replies: 11
Views: 841

Re: Thrift Savings Plan Loan Help/Withdrawl/Tax

basspond wrote:
Sun Jul 15, 2018 3:30 pm
mattod122 wrote:
Sat Jul 14, 2018 12:13 pm
...The good thing about the TSP is that I am paying my loan back to myself with interest, not some bank.
It is not just you but a lot of others that this logic doesn't make sense.
Why is that?
by Earl Lemongrab
Sun Jul 15, 2018 4:19 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth mess up
Replies: 4
Views: 573

Re: Backdoor Roth mess up

To clarify, the "backdoor Roth" is two things. The first is a contribution to a TIRA. That has a limit, 5500 in your case. The second is a conversion of a TIRA to Roth. There is no limit on conversions. You could convert a million bucks in TIRA to Roth if you had that much.
by Earl Lemongrab
Sat Jul 14, 2018 1:55 pm
Forum: Investing - Help with Personal Investments
Topic: New To The Backdoor Thing. Help Me Understand.
Replies: 14
Views: 2008

Re: New To The Backdoor Thing. Help Me Understand.

Hi - I'm following up on this post to see how this ended up for you. I have been with my employer for 2 years, but just realized our 401(k) plan, unlike the plan at my previous employer, allows me to max out my traditional 401(k) with pre-tax contributions, and then contribute up to about 9% of my ...
by Earl Lemongrab
Sat Jul 14, 2018 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: Thrift Savings Plan Loan Help/Withdrawl/Tax
Replies: 11
Views: 841

Re: Thrift Savings Plan Loan Help/Withdrawl/Tax

Which part is confusing? If you don't pay the loan back in the 90 days, the plan will take it out of your account. It's then just like you had withdrawn it after leaving service, so any taxable amounts will have ordinary income tax (fed and state) due, as well as tax on the Roth earnings (but not co...
by Earl Lemongrab
Sat Jul 14, 2018 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: Living Revocable Trust - conveyance of assets
Replies: 11
Views: 768

Re: Living Revocable Trust - conveyance of assets

I think afan provided great guidance in the second post in this thread. I would have the attorney take care of re-titling any real estate (or other more complex assets) but handle the bank accounts, brokerage accounts, insurance, etc. directly with the businesses. This should be business as usual f...
by Earl Lemongrab
Sat Jul 14, 2018 1:15 pm
Forum: Investing - Help with Personal Investments
Topic: 26 years old. Roth ira with edward jones last 3.5 years.
Replies: 44
Views: 2536

Re: 26 years old. Roth ira with edward jones last 3.5 years.

sorry guys they were a bit confused. EJ has placed the sale orders (no charge). Vanguard would have charged 40$ per fund ($200). The closing fee of 95 I'm calling vanguard Monday to see if they would consider crediting for it prior to transfer (some have said they have success with that) Vanguard h...
by Earl Lemongrab
Sat Jul 14, 2018 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: Living Revocable Trust - conveyance of assets
Replies: 11
Views: 768

Re: Living Revocable Trust - conveyance of assets

For those here who have had a trust, what did you do? If the attorney did most of the work, what was the charge?
by Earl Lemongrab
Sat Jul 14, 2018 12:49 pm
Forum: Personal Consumer Issues
Topic: Replace water heater at end of warranty or repair?
Replies: 31
Views: 2052

Re: Replace water heater at end of warranty or repair?

To me, replacing a six-year-old water heater makes no sense. It's at least $1000 if you have it installed. I went through emergency replacement but I wouldn't be preemptively replacing at this age.
by Earl Lemongrab
Fri Jul 13, 2018 6:34 pm
Forum: Investing - Help with Personal Investments
Topic: Avoiding IRA transfer/closing fees
Replies: 9
Views: 573

Re: Avoiding IRA transfer/closing fees

Another point is that Ally will charge to sell the assets. Be sure to factor that in. Really it's better to try to get someone else to pay the fee. Many custodians will. Vanguard is not one.