Search found 4650 matches

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: 1043
Views: 184004

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: 15
Views: 1037

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: 1496

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: 61
Views: 3137

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: 73
Views: 3778

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: 93
Views: 5309

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: 19
Views: 965

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: 811

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: 811

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: 9
Views: 636

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: 546

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: 1989

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: 9
Views: 636

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: 750

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: 2509

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: 750

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: 2022

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: 558

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.
by Earl Lemongrab
Fri Jul 13, 2018 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: Grandpa's 88 and has term life insurance
Replies: 39
Views: 2824

Re: Grandpa's 88 and has term life insurance

soccerrules wrote:
Fri Jul 13, 2018 4:14 pm
That does not take into consideration what he has already paid on the policy in years past.
That's a sunk cost. You won't get it back by cancelling. It's best to view the policy as if it had been written yesterday.
by Earl Lemongrab
Fri Jul 13, 2018 5:29 pm
Forum: Investing - Help with Personal Investments
Topic: Avoiding IRA transfer/closing fees
Replies: 9
Views: 558

Re: Avoiding IRA transfer/closing fees

"a Rollover which is tax-deferred" What? I want to do Roth to Roth. But I can't just stick it in any Roth as far as I know. It's not a new contribution. It's a transfer. I don't want to do a trustee transfer because then I would pay the transfer fee. As the title suggests, I want to avoid that fee ...
by Earl Lemongrab
Fri Jul 13, 2018 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: Living Revocable Trust - conveyance of assets
Replies: 11
Views: 750

Living Revocable Trust - conveyance of assets

This is a question about implementing a Living Revocable Trust. It is not intended to be yet another discussion of whether you should have one. When you have a trust developed by an attorney, who is usually responsible for getting all of the assets retitled so that they are assets of the trust? If t...
by Earl Lemongrab
Fri Jul 13, 2018 3:58 pm
Forum: Investing - Help with Personal Investments
Topic: 26 years old. Roth ira with edward jones last 3.5 years.
Replies: 44
Views: 2509

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

As I recall, Fidelity doesn't charge a fee to sell funds. So that's another option.
by Earl Lemongrab
Fri Jul 13, 2018 3:55 pm
Forum: Investing - Help with Personal Investments
Topic: Avoiding IRA transfer/closing fees
Replies: 9
Views: 558

Re: Avoiding IRA transfer/closing fees

As I recall, Ally does not charge an IRA closing fee, but does a transfer fee of like $10 per security up to a certain total. I don't know if that includes cash transferred to another custodian. You should clarify ALL of that before you do anything. Frankly I wouldn't sell and transfer cash if the a...
by Earl Lemongrab
Fri Jul 13, 2018 3:23 pm
Forum: Investing - Help with Personal Investments
Topic: Good fee free MF with TDAmeritrade?
Replies: 2
Views: 404

Re: Good fee free MF with TDAmeritrade?

I don't bother with that. Usually the amounts you put into a taxable account are pretty soft. Does matter if you put in $1000 or $1045? I just transfer in a bit more than the target goal, buy the ETFs as close to filling that as I can, then sweep any excess back out to checking. There's no need to h...
by Earl Lemongrab
Fri Jul 13, 2018 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: Denied for an auto loan 2 weeks after purchase??
Replies: 38
Views: 4291

Re: Denied for an auto loan 2 weeks after purchase??

123 wrote:
Fri Jul 13, 2018 3:02 pm
spth wrote:
Thu Jul 12, 2018 8:35 pm
Tell them you are returning the car. I bet the problem goes away.
+1 Be ready to return the vehicle. Hopefully you didn't do a trade-in that would leave you short of a set of wheels.
Why does Family Vacation come to mind?
by Earl Lemongrab
Fri Jul 13, 2018 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: Denied for an auto loan 2 weeks after purchase??
Replies: 38
Views: 4291

Re: Denied for an auto loan 2 weeks after purchase??

Rupert wrote:
Fri Jul 13, 2018 1:19 pm
OP, you might find this thread from just a few months ago helpful.
Not very, as there never was a resolution. The OP just quit answering.
by Earl Lemongrab
Fri Jul 13, 2018 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: Grandpa's 88 and has term life insurance
Replies: 39
Views: 2824

Re: Grandpa's 88 and has term life insurance

Imagine this scenario. You work on him and finally convince him to cancel. A short time later, he dies. You get to explain to the family why you cost them 100k. Don't get involved in other's finances unless you're asked, and even then tread very carefully.
by Earl Lemongrab
Fri Jul 13, 2018 1:13 pm
Forum: Personal Consumer Issues
Topic: Is expensive olive oil worth it?
Replies: 57
Views: 4967

Re: Is expensive olive oil worth it?

The last EVOO I bought was Terra Delyssa. This is supposed to be estate-grown, pure Tunisian oil. Frankly I'm not that great at telling the difference between various olive oils.
by Earl Lemongrab
Thu Jul 12, 2018 11:34 pm
Forum: Personal Finance (Not Investing)
Topic: Credit score after becoming debt free?
Replies: 44
Views: 2861

Re: Credit score after becoming debt free?

Loans might stay on your record, but that doesn't mean that an inactive one has the same effect as an active one. As I mentioned, my Transunion 08 score took an immediate hit once the loan completed.
by Earl Lemongrab
Thu Jul 12, 2018 1:07 pm
Forum: Investing - Theory, News & General
Topic: Can Inflation Timing Be Done?
Replies: 15
Views: 997

Re: Can Inflation Timing Be Done?

For me, no. I don't think I can time any markets, including bonds. What I do, and have done since creating my asset allocation in 2007, is 50/50 bond index and stable value. The latter is of very short duration, as far as it is possible to express a duration for it. The idea has always been that the...
by Earl Lemongrab
Thu Jul 12, 2018 12:53 pm
Forum: Investing - Theory, News & General
Topic: Vanguard - You'll need to sign up for security codes soon
Replies: 49
Views: 8469

Re: Vanguard - You'll need to sign up for security codes soon

For code receipt, I can usually get them by email or text to a Google Voice number.
by Earl Lemongrab
Thu Jul 12, 2018 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: Credit score after becoming debt free?
Replies: 44
Views: 2861

Re: Credit score after becoming debt free?

I anticipate that I may want to get a mortgage at some point in the future if I want to buy a different house. Why would you choose to go into debt again? Why not? I use debt as a financial tool. If I were to buy a new house, I'd at least look at loans and run some numbers. I try not to get emotion...
by Earl Lemongrab
Thu Jul 12, 2018 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: Credit score after becoming debt free?
Replies: 44
Views: 2861

Re: Credit score after becoming debt free?

Always remember that you don't have one credit score. You have many. My experience when my home loan ran out was that my Transunion 08 score as reported by Discover and BoA dropped significantly and almost immediately, from the high 840s to around 815. On the other hand, my Experian 08 score as repo...
by Earl Lemongrab
Thu Jul 12, 2018 11:23 am
Forum: Personal Consumer Issues
Topic: Replace water heater at end of warranty or repair?
Replies: 31
Views: 2022

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

new2bogle wrote:
Wed Jul 11, 2018 11:58 am
I would not spend $1600 on a single water heater.
That's likely the installed price, not hardware. It looks about right for that.
by Earl Lemongrab
Wed Jul 11, 2018 8:32 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1043
Views: 184004

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Considering how many are offering free trades and/or commission-free ETFs, not making trades isn't likely to be a problem. They want assets under management.
by Earl Lemongrab
Wed Jul 11, 2018 6:40 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1934
Views: 349497

Re: What are you up YTD? [Year To Date]

My portfolio is up about 2.2% YTD (as of the weekend) but as always that's Beardstown accounting. I don't track actual IRR of the investments. I can see that small cap and small value have done well. In fact the former has triggered a rebalance indicator.
by Earl Lemongrab
Wed Jul 11, 2018 5:20 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1043
Views: 184004

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Ally Trading has some decent bonuses (I posted on these a few months back, but they don't seem to have changed) Make sure that you're a totally new customer to Ally/Tradeking. Also, last I checked, you needed to make some transactions at about $15 total. You can get the same $200 for 25k transfer e...
by Earl Lemongrab
Wed Jul 11, 2018 5:19 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1043
Views: 184004

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

I just use ETFs, then I don't have to worry about whether they will transfer. Remember that even if you get a custodian to take your Admiral shares, you won't usually be able to buy any new shares (other than reinvested dividends, probably). I don't care to buy new shares in this case. Also, don't ...
by Earl Lemongrab
Wed Jul 11, 2018 3:59 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1043
Views: 184004

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

I just use ETFs, then I don't have to worry about whether they will transfer. Remember that even if you get a custodian to take your Admiral shares, you won't usually be able to buy any new shares (other than reinvested dividends, probably).
by Earl Lemongrab
Wed Jul 11, 2018 3:57 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA strategy
Replies: 18
Views: 1392

Re: Roth IRA strategy

I just put $3,000 in a Roth IRA at TD Ameritrade and I'm looking for some advice on the mix of low cost ETF's I should invest in now that Vanguard is not on the commission-free ETF list. Why ETFs? Are you planning to day trade within your IRA? I have all of my holdings outside of my 401(k) in ETFs....
by Earl Lemongrab
Wed Jul 11, 2018 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: Dad asked for my help on pension decision that I do not understand
Replies: 43
Views: 3273

Re: Dad asked for my help on pension decision that I do not understand

I very much doubt the lump sum could purchase an annuity that is better than just staying in the employer-plan-annuity. Probably the employer-plan annuity is inflation indexed or there is something else we don’t understand. To repeat, 99% of the time it is a mistake to take the lump sum. People upt...
by Earl Lemongrab
Wed Jul 11, 2018 11:36 am
Forum: Personal Consumer Issues
Topic: Whole Foods -- any drop in prices after Amazon takeover ?
Replies: 31
Views: 3642

Re: Whole Foods -- any drop in prices after Amazon takeover ?

At least at the Aldi's here, most of their fresh meat is "enhanced" with solution. Sometimes up to 12%, which is ludicrous. Their ground beef is fine, and some of the vacuum-packed beef is solution-free as well. I mostly buy my meat at the supermarket when it's on sale.
by Earl Lemongrab
Tue Jul 10, 2018 12:02 pm
Forum: Personal Consumer Issues
Topic: Refrigerator Issue (Cold Freezer-Warm Fridge)
Replies: 11
Views: 572

Re: Refrigerator Issue (Cold Freezer-Warm Fridge)

adamthesmythe wrote:
Tue Jul 10, 2018 9:28 am
Before you keep the old refrigerator- it is now more difficult to dispose of a refrigerator. Consider having it hauled away when you get the new one.
Locally, the electric company will pick up running refrigerators and give you like $50 credit.
by Earl Lemongrab
Tue Jul 10, 2018 11:26 am
Forum: Forum Issues and Administration
Topic: Improving the Bogleheads forum
Replies: 112
Views: 13614

Re: Improving the Bogleheads forum

I was going to suggest a poster use the Asking Portfolio Questions format for their question, but I had a heck of a time FINDING the link...trying Google, and search of the website. It's not called out prominently in the Wiki, etc. This link: https://www.bogleheads.org/forum/viewtopic.php?t=6212 .....
by Earl Lemongrab
Mon Jul 09, 2018 11:39 pm
Forum: Investing - Help with Personal Investments
Topic: After-tax contributions to 401(k)?
Replies: 25
Views: 1702

Re: After-tax contributions to 401(k)?

Not exactly. Unlike backdoor Roth, distributions or in-plan conversions usually only involve the after-tax sub-account. So if you put in 10k and have 1k in growth, then only those numbers would be used in pro-rata. So there is a third account in your 401(k) where after-tax contributions are held? I...
by Earl Lemongrab
Mon Jul 09, 2018 2:09 pm
Forum: Investing - Help with Personal Investments
Topic: After-tax contributions to 401(k)?
Replies: 25
Views: 1702

Re: After-tax contributions to 401(k)?

From the sound of it, this might answer OP's #2 , that they can convert their after-tax balance at retirement (or at least the contribution amount, but not the earnings) without creating a taxable event ... ? .... https://www.forbes.com/sites/ashleaebeling/2014/10/15/aftertax-401k-rollovers-advance...
by Earl Lemongrab
Mon Jul 09, 2018 2:05 pm
Forum: Investing - Help with Personal Investments
Topic: After-tax contributions to 401(k)?
Replies: 25
Views: 1702

Re: After-tax contributions to 401(k)?

Okay, that makes a lot more sense! I didn't realize after-tax conversions from a 401(k) would have to be done on a pro-rata basis, but I guess it's like the regular backdoor Roth in that respect. Not exactly. Unlike backdoor Roth, distributions or in-plan conversions usually only involve the after-...
by Earl Lemongrab
Mon Jul 09, 2018 1:25 pm
Forum: Investing - Help with Personal Investments
Topic: Should I exchange total bond market for stable value fund
Replies: 13
Views: 1074

Re: Should I exchange total bond market for stable value fund

When I established my coherent portfolio in 2007, I decided to go with 50/50 bond index and stable value. The idea was that if significant moves happened I would rebalance. Currently, with no rebalancing other than equal contributions to each, the totals are within 1.5% of each other. Megacorp's sta...
by Earl Lemongrab
Mon Jul 09, 2018 1:09 pm
Forum: Investing - Help with Personal Investments
Topic: After-tax contributions to 401(k)?
Replies: 25
Views: 1702

Re: After-tax contributions to 401(k)?

^^^ You might be able to put the earnings back into the original plan as well. That's what I did with my initial rollover from Megacorp, although that was in the days before the "clarification" was issued by the IRS explicitly allowing the split. I would definitely try to avoid paying unnecessary ta...
by Earl Lemongrab
Mon Jul 09, 2018 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: Input on personal finance decisions
Replies: 8
Views: 1243

Re: Input on personal finance decisions

4. I know I should have invested that cash, but current market values are spooking me, and interest rates are going up (as are the returns for MMA/Savings). One of the founding principles of my IPS was that I don't have any talent for timing any market. That way I don't need to worry about "valuati...