Search found 6202 matches

by Earl Lemongrab
Fri Jan 18, 2019 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: [Wash sale concern - Are these stocks substantially identical?]
Replies: 45
Views: 1404

Re: [Wash sale concern - Are these stocks substantially identical?]

Vanguard refers to these as the "same fund" and the IRS do not consider such an exchange of share classes in the same fund to be a taxable event. Kind of hard to tax-loss harvest a non-taxable event - at least in the fund to ETF direction which Vanguard allows. That's only for conversion. Nothing w...
by Earl Lemongrab
Fri Jan 18, 2019 4:33 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1454
Views: 237793

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Damn...looks like the $1000 Merrill Edge offer expired https://www.merrilledge.com/offers/1000offer So these are the ones still active? $900 - https://www.merrilledge.com/offers/900offer $600 - https://www.merrilledge.com/cmaoffer Look for the expiry date. it's April 30th for the $900 offer. Not su...
by Earl Lemongrab
Fri Jan 18, 2019 2:50 pm
Forum: Investing - Help with Personal Investments
Topic: Differences in Investment Approach
Replies: 38
Views: 877

Re: Differences in Investment Approach

dbr wrote:
Fri Jan 18, 2019 2:48 pm
Earl Lemongrab wrote:
Fri Jan 18, 2019 2:47 pm
Wash sales. Especially "wash sales in 401(k), yes or no?"
Right, and more specifically "Are these two investments substantially identical?"
That's because there's little real information, so everyone has an opinion. And you know what "they" say about those.
by Earl Lemongrab
Fri Jan 18, 2019 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: Amazon Rewards Visa -- predatory lending?
Replies: 38
Views: 4209

Re: Amazon Rewards Visa -- predatory lending?

That was unnecessary and missing out on some of the benefit of credit cards. I have alerts set up for payment due, then I go and check the transactions. After that I pay the statement amount. What benefit would I be missing out on? :confused The Float. You're paying some of that 30 days early, so y...
by Earl Lemongrab
Fri Jan 18, 2019 2:47 pm
Forum: Investing - Help with Personal Investments
Topic: Differences in Investment Approach
Replies: 38
Views: 877

Re: Differences in Investment Approach

Wash sales. Especially "wash sales in 401(k), yes or no?"
by Earl Lemongrab
Fri Jan 18, 2019 2:44 pm
Forum: Investing - Help with Personal Investments
Topic: overcontributed 401k
Replies: 9
Views: 413

Re: overcontributed 401k

Conversions are not contributions. You can make after-tax contributions in excess of the deferral limit and (if the plan allows) roll out to a Roth IRA or convert to Roth 401(k). That not be affected by contribution limits other than the overall limit for a 401(k). This is known as the "Mega Backdoo...
by Earl Lemongrab
Fri Jan 18, 2019 2:39 pm
Forum: Investing - Help with Personal Investments
Topic: No 401K match new employer
Replies: 20
Views: 1102

Re: No 401K match new employer

See if you 401k will do in-service rollovers to an IRA. Unless the OP is age 59-1/2, the law prohibits in-service rollovers of employee deferrals or Roth contributions. So unless after-tax contributions are permitted, then this is a non-starter. True, but worth checking to avoid the fees. You can M...
by Earl Lemongrab
Fri Jan 18, 2019 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: Schwab to Vanguard ?
Replies: 41
Views: 2670

Re: Schwab to Vanguard ?

Doesn't Vanguard have commissions on individual stocks? I wouldn't sell them there if so. Then again, I never move anything anywhere unless the new custodian is paying for it. Good points. The transfer has no fees, but the commissions to buy or sell individual stocks is $7 per trade at Vanguard and...
by Earl Lemongrab
Fri Jan 18, 2019 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: Amazon Rewards Visa -- predatory lending?
Replies: 38
Views: 4209

Re: Amazon Rewards Visa -- predatory lending?

I was just about to sign up for an Amazon card so this is good to know. I never knew about these rules of credit cards. I usually pay my credit cards in full so this shouldn't be an issue. I have a question...Is it the statement balance that needs to be paid off in full or the current balance in or...
by Earl Lemongrab
Fri Jan 18, 2019 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: [Wash sale concern - Are these stocks substantially identical?]
Replies: 45
Views: 1404

Re: [Wash sale concern - Are these stocks substantially identical?]

Appreciate your opinion, I’m not wildly opposed to it. Would VTSMX to VTI have been a wash in your view given the difference in ER (but same share class)? I think you meant same fund, different share class. I think those almost have to be substantially identical, because Vanguard can already do tax...
by Earl Lemongrab
Fri Jan 18, 2019 1:56 pm
Forum: Investing - Help with Personal Investments
Topic: No 401K match new employer
Replies: 20
Views: 1102

Re: No 401K match new employer

pdavi21 wrote:
Fri Jan 18, 2019 12:24 am
See if you 401k will do in-service rollovers to an IRA.
Unless the OP is age 59-1/2, the law prohibits in-service rollovers of employee deferrals or Roth contributions. So unless after-tax contributions are permitted, then this is a non-starter.
by Earl Lemongrab
Fri Jan 18, 2019 1:37 pm
Forum: Investing - Theory, News & General
Topic: pros and cons of target date funds?
Replies: 69
Views: 8055

Re: pros and cons of target date funds?

I don't use them for a few reasons: 1. They don't fit my desired asset allocation. 2. My portfolio is about 45% taxable and I don't want tax-inefficient holdings there. 3. My 401(k) has great low-cost index CITS, but the TD equivalent funds are not so great. 4. I don't want to use Roth space for bon...
by Earl Lemongrab
Fri Jan 18, 2019 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: Amazon Rewards Visa -- predatory lending?
Replies: 38
Views: 4209

Re: Amazon Rewards Visa -- predatory lending?

I was just about to sign up for an Amazon card so this is good to know. I never knew about these rules of credit cards. I usually pay my credit cards in full so this shouldn't be an issue. I have a question...Is it the statement balance that needs to be paid off in full or the current balance in or...
by Earl Lemongrab
Fri Jan 18, 2019 1:22 pm
Forum: Investing - Help with Personal Investments
Topic: Rollover - why checks instead of wiring funds?
Replies: 39
Views: 2016

Re: Rollover - why checks instead of wiring funds?

To the OP: 'rollover' is not the correct term if you're going from one firm to the other. That is a transfer. https://www.theentrustgroup.com/blog/difference-transfers-from-rollovers That's not correct. You can do custodian transfers of IRAs that are not rollovers, but you can certainly do rollover...
by Earl Lemongrab
Fri Jan 18, 2019 1:17 pm
Forum: Investing - Theory, News & General
Topic: When would you stop being a Boglehead?
Replies: 86
Views: 6245

Re: When would you stop being a Boglehead?

heyyou wrote:
Fri Jan 18, 2019 12:00 pm
All index, but slice and dice, and not at VG, so I'm not sure that I have ever been in the club.
Why do you think that you're not in the club? That pretty well describes my investing, and I certainly consider myself to be a Boglehead.
by Earl Lemongrab
Fri Jan 18, 2019 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: Schwab to Vanguard ?
Replies: 41
Views: 2670

Re: Schwab to Vanguard ?

Doesn't Vanguard have commissions on individual stocks? I wouldn't sell them there if so. Then again, I never move anything anywhere unless the new custodian is paying for it. I did two transfers from TD Ameritrade to Merrill Edge for $1000 bonuses, one in taxable and the other in Roth. I was able t...
by Earl Lemongrab
Fri Jan 18, 2019 11:45 am
Forum: Investing - Help with Personal Investments
Topic: Does anyone have entire 401K in bonds?
Replies: 52
Views: 4695

Re: Does anyone have entire 401K in bonds?

I think some people are answering the question as if it were, "Does anyone have all of their bonds in 401(k)?" That's not the same as the question asked in the OP.
by Earl Lemongrab
Fri Jan 18, 2019 12:48 am
Forum: Investing - Help with Personal Investments
Topic: Rollover - why checks instead of wiring funds?
Replies: 39
Views: 2016

Re: Rollover - why checks instead of wiring funds?

Original poster here. Wow! Thanks so much for all of your replies. It really does feel archaic to do it this way, but if that's what you gotta do, that's what you gotta do. What happens if the check gets lost in transit? I realize that is an unlikely scenario, but it's still possible. As someone sa...
by Earl Lemongrab
Fri Jan 18, 2019 12:43 am
Forum: Personal Finance (Not Investing)
Topic: [Wash sale concern - Are these stocks substantially identical?]
Replies: 45
Views: 1404

Re: [Wash sale concern - Are these stocks substantially identical?]

It is interesting that Vanguard does not track transactions in a 401K regarding Wash Sale issues.. Why would they? As is evident, there's no agreement on whether there can even BE wash sales. Why would they risk getting it wrong? The law requires the custodian to report wash sales in the same accou...
by Earl Lemongrab
Thu Jan 17, 2019 8:05 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1454
Views: 237793

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Can I get the $900 transfer bonus to Merrill Edge with a combination of taxable and IRA accounts? Or does it all have to be for one account? Usually it's per account, but it's worth contacting them to see. I'm sure people have reported getting offers spread over accounts, with the bonus pro-rata, b...
by Earl Lemongrab
Thu Jan 17, 2019 2:50 pm
Forum: Personal Consumer Issues
Topic: Gas station prices and quality
Replies: 80
Views: 7668

Re: Gas station prices and quality

Interestingly, the Shell station I used to go to, which had the convenience store branded Circle K, has now dropped all Shell signage and shows Circle K on the pumps. I don't know which gas they're selling there now.
by Earl Lemongrab
Thu Jan 17, 2019 2:48 pm
Forum: Investing - Help with Personal Investments
Topic: Should I buy Company Stock in 401(k)
Replies: 8
Views: 512

Re: Should I buy Company Stock in 401(k)

Costs the least? You mean the share prices is the lowest? What does that have to do with anything?

If you didn't work there, would you be buying this stock? If not, then why does working there change anything?
by Earl Lemongrab
Thu Jan 17, 2019 2:46 pm
Forum: Personal Consumer Issues
Topic: Fun with Amazon
Replies: 35
Views: 3815

Re: Fun with Amazon

mhadden1 wrote:
Thu Jan 17, 2019 2:39 pm
Earl Lemongrab wrote:
Thu Jan 17, 2019 1:35 pm
Of course. A couple of people have decide to impute some nefarious reason to that, which doesn't exist.
It just occurred to me - Earl Lemongrab is probably not your real name. Another cherished misconception shot to hell.
Ya think?
by Earl Lemongrab
Thu Jan 17, 2019 2:34 pm
Forum: Personal Consumer Issues
Topic: Fun with Amazon
Replies: 35
Views: 3815

Re: Fun with Amazon

an_asker wrote:
Thu Jan 17, 2019 1:42 pm
Earl Lemongrab wrote:
Thu Jan 17, 2019 1:35 pm
wolf359 wrote:
Thu Jan 17, 2019 1:30 pm
OP put all names in quotes. Even "Anita."
Of course. A couple of people have decide to impute some nefarious reason to that, which doesn't exist.
Are you saying that we should now refer to you as "Earl" or "Lemongrab" or "Earl Lemongrab"? :oops:
Unacceptable!!
by Earl Lemongrab
Thu Jan 17, 2019 2:27 pm
Forum: Investing - Help with Personal Investments
Topic: What are some disadvantages to TLH?
Replies: 51
Views: 2613

Re: What are some disadvantages to TLH?

Valid but I did want to point out that IJS and VIOV follow identical indices and thus by most peoples conservative approach they are not suitable TLH partners; would be like trading SPY for VOO. Some of us believe (mostly based on old IRS publications) that funds from different companies will not b...
by Earl Lemongrab
Thu Jan 17, 2019 1:48 pm
Forum: Investing - Theory, News & General
Topic: When would you stop being a Boglehead?
Replies: 86
Views: 6245

Re: When would you stop being a Boglehead?

If I were concerned about my ability to manage the accounts, I wouldn't go to one of those full-service brokers. They'll rob you when you're completely competent, let alone having trouble. Their goal is to get both trotters into your trough. Having a large account just gives a bigger trough and an o...
by Earl Lemongrab
Thu Jan 17, 2019 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: What is US Bank up to?! Easy Checking Secret Changes!
Replies: 11
Views: 1320

Re: What is US Bank up to?! Easy Checking Secret Changes!

I have had a US Bank account for many years. Originally it was the Easy checking. A while back they started charging $2 for paper statements. I looked at the account types, and noticed that the Gold only required a credit card, which I was thinking of getting anyway for the $150 bonus. That account ...
by Earl Lemongrab
Thu Jan 17, 2019 1:35 pm
Forum: Personal Consumer Issues
Topic: Fun with Amazon
Replies: 35
Views: 3815

Re: Fun with Amazon

wolf359 wrote:
Thu Jan 17, 2019 1:30 pm
OP put all names in quotes. Even "Anita."
Of course. A couple of people have decide to impute some nefarious reason to that, which doesn't exist.
by Earl Lemongrab
Thu Jan 17, 2019 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: Yet another wash sale question - buy/sale accross retirement and taxable accounts
Replies: 5
Views: 333

Re: Yet another wash sale question - buy/sale accross retirement and taxable accounts

Rkhusky is saying things that he believes but have no basis in the law or IRS regulations. The only retirement trusts that the IRS has issued ANY guidance for are IRAs. Specific language including those now appears in the IRS instructions and publications. For quite a while there, it seemed as thoug...
by Earl Lemongrab
Thu Jan 17, 2019 1:08 pm
Forum: Personal Consumer Issues
Topic: Fun with Amazon
Replies: 35
Views: 3815

Re: Fun with Amazon

I don't understand why you have put names in quotes. I noticed the same thing. I doubt if John, Bill, and Sarah had answered the chats that the names would be in quotes. That's wrong. I would think it more likely those were fake. Do you think I quoted them for some racist reason? I did it because I...
by Earl Lemongrab
Thu Jan 17, 2019 1:06 pm
Forum: Personal Consumer Issues
Topic: Fun with Amazon
Replies: 35
Views: 3815

Re: Fun with Amazon

I generally assume that these chat reps are not using their real names. Maybe Vivek. Don't you think they would use different names if they have to use fake names, to service someone in North America. I don't know. I assume any names in chat are probably made up. Also most customer service on the p...
by Earl Lemongrab
Thu Jan 17, 2019 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: [Wash sale concern - Are these stocks substantially identical?]
Replies: 45
Views: 1404

Re: [Wash sale concern - Are these stocks substantially identical?]

Assuming the 80% was "real" and it referred to the number of stocks in the fund then Vanguard Large Cap Index Fund Investor Shares VLACX might be substantially identical to a Russell 1000 fund but it would not be identical to an S&P 500 or a Russell 2000 or several more.. I don't know if it meant n...
by Earl Lemongrab
Thu Jan 17, 2019 12:37 pm
Forum: Personal Consumer Issues
Topic: Fun with Amazon
Replies: 35
Views: 3815

Re: Fun with Amazon

I don't understand why you have put names in quotes. I generally assume that these chat reps are not using their real names. Maybe Vivek. I would say if they said they will send you a credit, they in all likelihood will. Nothing so far, but they'll hear about if it doesn't show. Are you unhappy tha...
by Earl Lemongrab
Thu Jan 17, 2019 12:26 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1454
Views: 237793

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

With Ally, be aware that the brokerage bonus is a once-in-a-lifetime thing. That also includes Tradeking bonuses from before the merger.
by Earl Lemongrab
Thu Jan 17, 2019 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: [Wash sale concern - Are these stocks substantially identical?]
Replies: 45
Views: 1404

Re: [Wash sale concern - Are these stocks substantially identical?]

There's never been an identified case of the IRS declaring a wash between different mutual funds for an individual taxpayer. One contributor here claimed that their company worked with IRS auditors about transactions that they did, and were told that there needs to be less than 80% overlap. I don't ...
by Earl Lemongrab
Thu Jan 17, 2019 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: [Wash sale concern - Are these stocks substantially identical?]
Replies: 45
Views: 1404

Re: [Wash sale concern - Are these stocks substantially identical?]

The IRS has issued essentially no guidance on evaluating mutual funds. "Essentially" or "any"? At one time there was a publication that stated that mutual funds from different companies are usually not substantially identical. Later, that pub was merged into another. Most of the specific wording on...
by Earl Lemongrab
Thu Jan 17, 2019 11:56 am
Forum: Personal Finance (Not Investing)
Topic: [Wash sale concern - Are these stocks substantially identical?]
Replies: 45
Views: 1404

Re: [Wash sale concern - Are these stocks substantially identical?]

And like most my opinion is that except for IRA's and taxable accounts, all others are not included in wash sales (including 401k). The IRS has specifically stated that accounts in trusts and corporations that the taxpayer controls are included in wash sales, as are spouse's accounts. This is INCOR...
by Earl Lemongrab
Thu Jan 17, 2019 12:34 am
Forum: Personal Finance (Not Investing)
Topic: [Wash sale concern - Are these stocks substantially identical?]
Replies: 45
Views: 1404

Re: [Wash sale concern - Are these stocks substantially identical?]

This is a frequent question. The answer is, no one knows. It's a common opinion on the forum that different index makes it safe. The IRS has issued essentially no guidance on evaluating mutual funds.

Edit: Toned down the response. Harsher than I intended.
by Earl Lemongrab
Thu Jan 17, 2019 12:29 am
Forum: Personal Consumer Issues
Topic: Fun with Amazon
Replies: 35
Views: 3815

Re: Fun with Amazon

I got the same email a month or two ago. Same issue. They sent the email, but when I clicked on the link they claimed that I didn’t qualify. I left them feedback that essentially said ‘not cool, you guys were the ones that contacted me.’ I didn’t expect any reply, but they did. However, when they l...
by Earl Lemongrab
Thu Jan 17, 2019 12:27 am
Forum: Personal Finance (Not Investing)
Topic: 401k After Tax contributions to Roth-IRA Tax questions.
Replies: 11
Views: 902

Re: 401k After Tax contributions to Roth-IRA Tax questions.

My understanding is that as long as the tIRA is at $0, by the end of the year, the order of emptying it and and doing the backdoor does not matter. But, it the roll into the 401k is cvompletely disallowed, then the backdoor transaction would be subject to pro-rata rules, right? Correct. This is the...
by Earl Lemongrab
Wed Jan 16, 2019 8:23 pm
Forum: Personal Consumer Issues
Topic: Fun with Amazon
Replies: 35
Views: 3815

Re: Fun with Amazon

TravelGeek wrote:
Wed Jan 16, 2019 8:19 pm
Earl Lemongrab wrote:
Wed Jan 16, 2019 8:12 pm
On comes "Vivek", who reviews the previous correspondence. She (I'm guessing) says ...
Guessed wrong, I think. Every Vivek I have come across IRL was a he. :happy
Ah. It's not a name I had encountered before.
by Earl Lemongrab
Wed Jan 16, 2019 8:19 pm
Forum: Personal Finance (Not Investing)
Topic: 401k After Tax contributions to Roth-IRA Tax questions.
Replies: 11
Views: 902

Re: 401k After Tax contributions to Roth-IRA Tax questions.

If you haven't done the rollover yet, then definitely get two checks. 15k is a lot. Send one check to the Roth IRA and the other to a Rollover IRA. Then get the latter rolled back into the plan. You don't need to wait for anything, but you should try to get the rollover back into the 401(k) before d...
by Earl Lemongrab
Wed Jan 16, 2019 8:12 pm
Forum: Personal Consumer Issues
Topic: Fun with Amazon
Replies: 35
Views: 3815

Fun with Amazon

Today I received an email from Amazon: "Get a $15 credit when you buy $50 in Amazon Gift Cards". Well, that's nifty. A guy like me deserves something like that. Then I click on the "Learn More" link and get, "Unfortunately, you are not eligible for this offer." What! Have I been punked by Amazon? I ...
by Earl Lemongrab
Wed Jan 16, 2019 6:25 pm
Forum: Investing - Help with Personal Investments
Topic: Mega Backdoor Mechanics Clarification - Check Payable to Me
Replies: 16
Views: 1217

Re: Mega Backdoor Mechanics Clarification - Check Payable to Me

Why would there be any pretax portion of a mega backdoor roth aside from gains on the after tax portion? I've never had any witholdings on the gains of after tax money. Probably because you have always done direct rollovers which are not subject to the 20% withholding on taxable earnings, but a che...
by Earl Lemongrab
Wed Jan 16, 2019 2:58 pm
Forum: Investing - Help with Personal Investments
Topic: stuck forever in alternative funds after tax loss harvesting?
Replies: 12
Views: 623

Re: stuck forever in alternative funds after tax loss harvesting?

For the future, if you don't want to risk being "stuck" then sell the TLH fund(s) in taxable and leave in cash. In tax-advantaged, sell bonds to buy the replacement funds you don't want to keep. In 30 days, sell in tax-advantaged and buy bonds, and buy back the original funds in taxable. That method...
by Earl Lemongrab
Wed Jan 16, 2019 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: TIRA Roth Conversion and Backdoor Roth IRA in the same year possible?
Replies: 14
Views: 506

Re: Mega Roth Conversion and Backdoor Roth IRA in the same year possible?

Converting a large amount in a high tax bracket just to get a bit of extra Roth doesn't make any sense to me. I wouldn't use Roth 401(k) either. The minimum I would do is try to roll the TIRA into the 401(k) and take care of the backdoor Roth. It would be a good idea to stop using the term "Mega Rot...
by Earl Lemongrab
Wed Jan 16, 2019 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: Can 401k rollover be split into multiple institutions?
Replies: 2
Views: 230

Re: Can 401k rollover be split into multiple institutions?

In case your plan doesn't allow that (and likely they would) you can also check your new plan to see if they take rollovers from IRAs. Then you could roll the TIRA with the pretax amounts in and keep the Roth.

But I wouldn't worry about anything until you check with the current plan.
by Earl Lemongrab
Wed Jan 16, 2019 1:24 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1454
Views: 237793

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

I signed up for the $1000 Edge offer in both IRA and individual, then initiated transfers from two TDA accounts over the weekend. The transfer requests hit TDA today, and by the afternoon I had a voicemail from a local TDA rep. Got their attention! Full or partial transfers ? Partial. I usually do ...
by Earl Lemongrab
Wed Jan 16, 2019 1:21 pm
Forum: Personal Consumer Issues
Topic: Message from United Consumer Financial Services (UCFS). A Scam?
Replies: 10
Views: 761

Re: Message from United Consumer Financial Services (UCFS). A Scam?

Depending on your email address, it could also be a case of a mistake by an actual person. However, if there is little identifiable data, name/address/merchant in the message then it's probably just a phishing expedition.