Search found 282 matches

by cookymonster
Fri Apr 10, 2020 9:01 am
Forum: Investing - Theory, News & General
Topic: 2020 I Bonds: what's your plan?
Replies: 55
Views: 7442

Re: 2020 I Bonds: what's your plan?

Thanks all for the education. Sounds like buying in April is the better bet, since I can't go back and buy last October.
by cookymonster
Fri Apr 10, 2020 8:45 am
Forum: Investing - Theory, News & General
Topic: 2020 I Bonds: what's your plan?
Replies: 55
Views: 7442

Re: 2020 I Bonds: what's your plan?

Most likely I would think the fixed rate is going to stay the same at 0.2%, but I think I'll wait until May 1st in case it gets increased to 0.3%. That seems more likely a rate cut. What makes you think the fixed rate will go up??? It went down in November from 0.5% to 0.2%. With the Fed funds rate...
by cookymonster
Fri Apr 10, 2020 7:51 am
Forum: Investing - Theory, News & General
Topic: 2020 I Bonds: what's your plan?
Replies: 55
Views: 7442

Re: 2020 I Bonds: what's your plan?

I was going to buy my first $10,000 of ibonds this year, but was going to follow the suggestion of this article to wait until 4/10 to get a sense of where the fixed rate was heading: https://seekingalpha.com/article/4315288-i-bond-investors-buying-guide-for-2020 The CPI for March was released this m...
by cookymonster
Fri Mar 06, 2020 9:02 pm
Forum: Investing - Theory, News & General
Topic: March "Bogleheads on Investing" podcast with guest Dr. Jim Dahle
Replies: 44
Views: 3865

Re: March "Bogleheads on Investing" podcast with guest Dr. Jim Dahle

I actually remember when Jim first started doing presentations on the web, and he was getting razzed for being a pretty dry and boring speaker. Now he is pretty entertaining. I will say he is still a lot more entertaining as a guest than he is when he is interviewing (often sounds like he is reading...
by cookymonster
Fri Mar 06, 2020 4:09 pm
Forum: Personal Consumer Issues
Topic: Retirement in AZ-suggestions please
Replies: 104
Views: 7146

Re: Retirement in AZ-suggestions please

Not sure how you would ever tolerate Scottsdale if you found Nevada oppressively hot. With Arizona, look first at elevation to get a good sense of the climate. Scottsdale is only about 1200'. Flagstaff is a completely different climate at 6900'. You probably want something in between. I do not know ...
by cookymonster
Wed Mar 04, 2020 10:49 am
Forum: Personal Finance (Not Investing)
Topic: Free File Fillable Form IRS Rejection
Replies: 18
Views: 3498

Re: Free File Fillable Form IRS Rejection

Did you try using the error search at https://www.irs.gov/filing/individuals/free-file-fillable-forms/search-tip ? I think Intuit intentionally doesn't put a lot of effort into making Free File Fillable Forms very user-friendly with error messages so that you give up and use a paid product. My wild...
by cookymonster
Wed Mar 04, 2020 10:38 am
Forum: Personal Finance (Not Investing)
Topic: Free File Fillable Form IRS Rejection
Replies: 18
Views: 3498

Re: Free File Fillable Form IRS Rejection

https://www.taxslayerpro.com/blog/post/common-1040-rejects-the-year-of-the-primarysignaturedt-in-the-return-header-must-be-equal-to-the-processing-year I'm not sure if this is helpful. I had a few errors on efile one year and googling them helped me to find the errors and correct them. Good luck. T...
by cookymonster
Wed Mar 04, 2020 10:08 am
Forum: Investing - Theory, News & General
Topic: 2017 Relative Tax Efficiency
Replies: 158
Views: 45566

Re: 2017 Relative Tax Efficiency

I guess I don't follow For a taxable investment, you get your 1099-DIV every year, where it says the foreign tax paid. At IRS time, you can get that money as a credit For the same amount of dividends as reported on 1099-DIV, if you paid more foreign taxes, better This is why in the spreadsheet: B18...
by cookymonster
Wed Mar 04, 2020 7:47 am
Forum: Personal Finance (Not Investing)
Topic: Free File Fillable Form IRS Rejection
Replies: 18
Views: 3498

Re: Free File Fillable Form IRS Rejection

This is my 3rd year attempting to file using Free File Fillable Forms. I have never actually made a successful filing due to errors I cannot figure out how to fix so usually just have to mail the darn thing in. I am going to give it another try this year as I have a refund. At this point, I'm gettin...
by cookymonster
Mon Mar 02, 2020 2:25 am
Forum: Investing - Theory, News & General
Topic: 2017 Relative Tax Efficiency
Replies: 158
Views: 45566

Re: 2017 Relative Tax Efficiency

Why would tax paid make a difference? If anything, what matters is the total amount of dividends and QDIV Anybody considering maintaining a wiki for all this info? I don't want to get into financial statements of a fund to have to figure out Also, I'm always curious how you calculate well the tax e...
by cookymonster
Sun Mar 01, 2020 6:06 am
Forum: Investing - Theory, News & General
Topic: 2017 Relative Tax Efficiency
Replies: 158
Views: 45566

Re: 2017 Relative Tax Efficiency

I've found the Schwab ETF's (SCHF, SCHE, SCHC) to be best for international. I receive their annual reports as a shareholder. I calculated the foreign tax paid for each ETF according to the 2019 annual report (per $10,000): SCHF - $27.75 SCHE - $29.74 SCHC - $23.66 Among the iShares ETF's, IEFA and ...
by cookymonster
Sat Feb 29, 2020 5:07 pm
Forum: Investing - Theory, News & General
Topic: March "Bogleheads on Investing" podcast guest will be Jim Dahle, the White Coat Investor
Replies: 21
Views: 2880

Re: March "Bogleheads on Investing" podcast guest will be Jim Dahle, the White Coat Investor

What advice does he have for limiting out of network or surprise billing? For example, If I am scheduling an elective surgery is there a reliable way to ensure that my anesthesiologist is in network? And in an emergency situation (where it is difficult to negotiate), what can I do besides go to an i...
by cookymonster
Sat Feb 29, 2020 10:18 am
Forum: Personal Investments
Topic: Overcontributed to my after-tax solo 401k
Replies: 3
Views: 186

Re: Overcontributed to my after-tax solo 401k

Thanks. I think that calculating a pro-rata amount will be simple, since I have only made one contribution, so the value should be the fraction of the overcontribution on the entire Roth account value. I'll call Fidelity on Monday, though I don't expect them to provide much administrative assistance...
by cookymonster
Sat Feb 29, 2020 9:23 am
Forum: Personal Investments
Topic: Overcontributed to my after-tax solo 401k
Replies: 3
Views: 186

Re: Overcontributed to my after-tax solo 401k

I hope you all will excuse the bump. I looked at my balances and determined that my contributions have lost money over the last several months. So this makes taxation of earnings a non-issue. I also determined that the cost of filing an amended 1099-R for the rollover would be as much or more than t...
by cookymonster
Sat Feb 29, 2020 9:17 am
Forum: Personal Finance (Not Investing)
Topic: Job in the Financial industry
Replies: 21
Views: 1362

Re: Job in the Financial industry

A couple of options: 1. Accredited Financial Counselor https://www.afcpe.org/certification-and-training/accredited-financial-counselor/ 2. Chartered Financial Consultant https://www.theamericancollege.edu/designations-degrees/ChFC I personally pursued #2 last year and awarded the designation. I am ...
by cookymonster
Sat Feb 29, 2020 7:41 am
Forum: Personal Finance (Not Investing)
Topic: Job in the Financial industry
Replies: 21
Views: 1362

Re: Job in the Financial industry

A couple of options: 1. Accredited Financial Counselor https://www.afcpe.org/certification-and-training/accredited-financial-counselor/ 2. Chartered Financial Consultant https://www.theamericancollege.edu/designations-degrees/ChFC I personally pursued #2 last year and awarded the designation. I am ...
by cookymonster
Sat Feb 29, 2020 7:31 am
Forum: Personal Investments
Topic: Overcontributed to my after-tax solo 401k
Replies: 3
Views: 186

Overcontributed to my after-tax solo 401k

Hello all, I have seen several threads on how to resolve overcontributions to solo 401k's (thanks!). I have made a minor overcontribution to both the profit sharing side and the after tax side due to missing $760 of expenses before the contributions. I think I can manage the employer/profit sharing ...
by cookymonster
Sun Feb 23, 2020 7:34 am
Forum: Investing - Theory, News & General
Topic: Early Retirement Now: Do Bonds Really Belong in Retirement Accounts?
Replies: 93
Views: 6524

Re: Early Retirement Now: Do Bonds Really Belong in Retirement Accounts?

Someone explain this to me like I am a 5 year old. Why is a tax-deferred account treated the same as a Roth IRA in this analysis? Why would I want to give the government a huge share of gains from stocks rather than bonds if I can help it? And why would I want to subject all the gains in stocks to R...
by cookymonster
Sat Feb 15, 2020 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity is late with 1099
Replies: 49
Views: 4416

Re: Fidelity is late with 1099

I finally got my Chase YouInvest today. Time to file!
by cookymonster
Fri Feb 14, 2020 10:12 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity is late with 1099
Replies: 49
Views: 4416

Re: Fidelity is late with 1099

I don't have mine from Chase YouInvest yet either. I think their site says it'll be up by 2/18.
by cookymonster
Thu Feb 06, 2020 9:15 pm
Forum: Personal Consumer Issues
Topic: Finding GOOD flights, not necessarily cheapest flights
Replies: 40
Views: 3104

Re: Finding GOOD flights, not necessarily cheapest flights

I'm pretty short so I'm willing to deal with a crummy seat. My overriding priority is time. I start with the fastest flights and might get something longer if it saves me $50 an hour (I make significantly more than that at my job after taxes). That is not the only consideration but it at least helps...
by cookymonster
Sun Feb 02, 2020 10:13 pm
Forum: Investing - Theory, News & General
Topic: Health equity investment fee. High or low?
Replies: 60
Views: 5185

Re: Health equity investment fee. High or low?

If you are a receipt saver with no plans to withdraw from your HSA balance until retirement, it is important to have a custodian that allows "first dollar" investing. Otherwise the cash drag can be more costly than the AUM fee. Even if you treat the $2,000 as part of fixed income, it is only earnin...
by cookymonster
Sun Feb 02, 2020 9:27 pm
Forum: Investing - Theory, News & General
Topic: Health equity investment fee. High or low?
Replies: 60
Views: 5185

Re: Health equity investment fee. High or low?

If you are a receipt saver with no plans to withdraw from your HSA balance until retirement, it is important to have a custodian that allows "first dollar" investing. Otherwise the cash drag can be more costly than the AUM fee. Even if you treat the $2,000 as part of fixed income, it is only earning...
by cookymonster
Sun Feb 02, 2020 1:41 pm
Forum: Personal Investments
Topic: Employee Fiduciary Solo 401(k) with MegaBackdoor Roth and TPA - Discussion
Replies: 39
Views: 1228

Re: Employee Fiduciary Solo 401(k) with MegaBackdoor Roth and TPA - Discussion

I have seen National Employee Benefit Services listed as another TPA in tfb's site. No experience with them.
by cookymonster
Fri Jan 31, 2020 9:11 pm
Forum: Investing - Theory, News & General
Topic: Do You Do Your Taxes by Hand? Reporter doing story
Replies: 108
Views: 7813

Re: Do You Do Your Taxes by Hand? Reporter doing story

The problem with just doing them by hand is you don't know what you don't know. Sure you can read the 1040 instructions page by page but most people are only going to skim and peruse the minimum they think they need to know. I did them by hand exclusively for a few years as a college student and too...
by cookymonster
Wed Jan 29, 2020 12:42 pm
Forum: Personal Finance (Not Investing)
Topic: Warning: Solo K and 5500 EZ
Replies: 43
Views: 2888

Re: Warning: Solo K and 5500 EZ

The IRS reports that 90% of final Form 5500s are filed in error. One of the most common of the failures is to file for a short plan year if the termination occurs before the end of the year. If you terminate the plan at the end of the calendar year you have a full plan plan year. Ah, this makes sen...
by cookymonster
Fri Jan 24, 2020 5:02 pm
Forum: Personal Finance (Not Investing)
Topic: Warning: Solo K and 5500 EZ
Replies: 43
Views: 2888

Re: Warning: Solo K and 5500 EZ

According to the IRS website this must be filed on paper. Considering the stiff penalty, is anyone going as far as using Certified Mail? Not sure if there is any kind of cap on the penalty but I'd hate to get a letter in the mail at the end of the year saying I owe five figures because the IRS never...
by cookymonster
Tue Jan 21, 2020 9:40 am
Forum: Personal Finance (Not Investing)
Topic: Why retire?
Replies: 267
Views: 16871

Re: Why retire?

There's lots of stuff I like to do - hike, bicycle, play kickball, eat pizza, play volleyball, swim, travel, read books, ski, watch sports, play board games, lay on the beach, and read the bogleheads forum. If there are any jobs out there that will pay me to do these things, I'll sign up in a heartb...
by cookymonster
Tue Jan 14, 2020 9:17 pm
Forum: Personal Consumer Issues
Topic: Concrete stairs on front porch are crooked, best way to fix?
Replies: 16
Views: 1596

Re: Concrete stairs on front porch are crooked, best way to fix?

I called up a couple of other concrete leveling firms besides the one that didn't get the job done three years ago. It's after hours. Hopefully they will get back to me tomorrow and provide reasonable estimates.
by cookymonster
Tue Jan 14, 2020 3:33 pm
Forum: Personal Consumer Issues
Topic: Concrete stairs on front porch are crooked, best way to fix?
Replies: 16
Views: 1596

Concrete stairs on front porch are crooked, best way to fix?

I'm hoping to sell my house this year. When I bought it, the stairs on the front porch were sloping to the right. It hasn't been a big deal to me, but it would be nice if I could figure out how to fix it. I don't think the problem has worsened since I bought the house about four years ago. I'm terri...
by cookymonster
Sun Jan 12, 2020 8:09 pm
Forum: Personal Finance (Not Investing)
Topic: Family member with almost no retirement savings or assets, what to do?
Replies: 55
Views: 7420

Re: Family member with almost no retirement savings or assets, what to do?

There are reliable vehicles available for <$5k. If he is not working, I question whether it is worth having a vehicle at all. Can he rely on public transportation and family for rides? Even Uber may be more cost-effective if used infrequently.
by cookymonster
Sat Dec 28, 2019 12:05 am
Forum: Personal Consumer Issues
Topic: Narrowing down where to live
Replies: 55
Views: 5545

Re: Narrowing down where to live

I keep coming back to El Paso because it seems like it has the lowest cost of living of all these large cities out west. It's hot but the higher altitude keeps it from getting as brutal in the summer as southern Arizona and Las Vegas. I want to sell my house in the Spring, and then I'll have plenty ...
by cookymonster
Fri Dec 27, 2019 4:04 am
Forum: Personal Consumer Issues
Topic: Narrowing down where to live
Replies: 55
Views: 5545

Re: Narrowing down where to live

I am non-LDS and in SLC and agree with poster above that the air quality is quite bad this time of year. Cost of living is going up with the booming population and those issues may drive me out of the area in the next year. I like this part of the country for outdoor recreation. Enjoy cycling, hikin...
by cookymonster
Sun Dec 08, 2019 12:05 pm
Forum: Personal Consumer Issues
Topic: Target gift cards 10% off tomorrow (Sunday Dec. 8)
Replies: 62
Views: 5809

Re: Target gift cards 10% off tomorrow (Sunday Dec. 8)

Getting a 14.5% discount through paypal is hard to pass up.

I shop mainly at Wal-Mart. Is there anything at Target that is usually cheaper than Wal-Mart? Don't want to save 14.5% on a gift card to pay for things that cost on average 15% more. This is the issue I have with Amazon gift cards.
by cookymonster
Mon Dec 02, 2019 11:06 am
Forum: Personal Finance (Not Investing)
Topic: Considering taking the CFP exam.... what do you think?
Replies: 8
Views: 971

Re: Considering taking the CFP exam.... what do you think?

I have an interest in making a second career out of this but only think I would want to work independently and completely on my own schedule. My plan is to take all the courses piecemeal for about $400 each starting in 2020 (I might qualify for the lifetime learning credit). At some point I may lose...
by cookymonster
Sun Dec 01, 2019 10:49 pm
Forum: Personal Finance (Not Investing)
Topic: Considering taking the CFP exam.... what do you think?
Replies: 8
Views: 971

Re: Considering taking the CFP exam.... what do you think?

These kinds of threads are coming up more regularly. The CFP certification requires far more than passing the examination. The main barrier to entry for intelligent career changers and side hustlers is the 6000 hour experience requirement. Investigate that before you invest the time and resources in...
by cookymonster
Sun Dec 01, 2019 12:05 pm
Forum: Personal Investments
Topic: Another thread requesting advice with parents' investments and estate planning
Replies: 12
Views: 903

Re: Another thread requesting advice with parents' investments and estate planning

FA/friend is about 20 years younger than she is, so retirement isn't on the horizon. I don't know how much losing her assets would hurt his bottom line. The backstory is that my mom and his mom started off as friends through a ski club 20-25 years ago, and the financial advisor's mother also started...
by cookymonster
Sat Nov 30, 2019 12:25 pm
Forum: Personal Investments
Topic: Another thread requesting advice with parents' investments and estate planning
Replies: 12
Views: 903

Re: Another thread requesting advice with parents' investments and estate planning

If she was able to accumulate that sized portfolio without you, she’s capable of managing it without you also. What changed? Did she ask for your assistance, or did you initiate this? The problem with managing another family member’s finances (except in cases of them being unable to do so) is that ...
by cookymonster
Sat Nov 30, 2019 11:46 am
Forum: Personal Investments
Topic: Another thread requesting advice with parents' investments and estate planning
Replies: 12
Views: 903

Re: Another thread requesting advice with parents' investments and estate planning

The two main issues I see are: 1). I may be able to convince my mom of the wisdom of making changes. I am just not sure of the best strategy to execute. I do not think this is a job for me or Vanguard PAS. I think she needs some personal touch. My initial thought is that she could just hire an hour...
by cookymonster
Sat Nov 30, 2019 11:27 am
Forum: Personal Investments
Topic: Another thread requesting advice with parents' investments and estate planning
Replies: 12
Views: 903

Re: Another thread requesting advice with parents' investments and estate planning

My mother is a retired lawyer, married, age 65 and has a net worth of over $5 million, but is almost completely hands off with her finances. Why is she completely hand off? Is she incapable? Or uninterested? Uninterested. She has been responsible with the basics of personal finance but has always h...
by cookymonster
Sat Nov 30, 2019 11:16 am
Forum: Personal Investments
Topic: Another thread requesting advice with parents' investments and estate planning
Replies: 12
Views: 903

Another thread requesting advice with parents' investments and estate planning

I was home for the Thanksgiving holiday with one set of parents. My mother is a retired lawyer, married, age 65 and has a net worth of over $5 million, but is almost completely hands off with her finances. She is currently in the 24% tax bracket. She has acquired this level of wealth through a combi...
by cookymonster
Thu Nov 21, 2019 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone used MySolo401k.com, DiscountSolo401k.com, or Solo401k.com?
Replies: 147
Views: 10531

Re: Has anyone used MySolo401k.com, DiscountSolo401k.com, or Solo401k.com?

Thanks. I just located this.

Basically it's 399000007, then the 8 digits after the z in the investment account number.
routing number 101205681
by cookymonster
Thu Nov 21, 2019 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: Fastest/cheapest route to CFP?
Replies: 13
Views: 1349

Re: Fastest/cheapest route to CFP?

I haven't followed your previous posts but I've thought about doing something like this. The problem with the CFP is the 6000 hours of experience, 4000 hours if you go down the apprenticeship pathway. You only have five years after passing the CFP exam to acquire this, unless the board gives you a o...
by cookymonster
Thu Nov 21, 2019 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone used MySolo401k.com, DiscountSolo401k.com, or Solo401k.com?
Replies: 147
Views: 10531

Re: Has anyone used MySolo401k.com, DiscountSolo401k.com, or Solo401k.com?

Regardless if they have check writing capability or not. They have ACH routing and account numbers. Fidelity has information on their website on this information. The only account numbers I can find online are the investment account numbers that start with z followed by 8 digits. That doesn't seem ...
by cookymonster
Thu Nov 21, 2019 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone used MySolo401k.com, DiscountSolo401k.com, or Solo401k.com?
Replies: 147
Views: 10531

Re: Has anyone used MySolo401k.com, DiscountSolo401k.com, or Solo401k.com?

Thanks for the forms! To the prior response you can actually link the accounts online despite not having the option visible at fidelity. Just initiate the link from your bank (typical external account using the checkbook acct numbers you got from fidelity) and then you can just push money through t...
by cookymonster
Thu Nov 21, 2019 2:51 am
Forum: Personal Finance (Not Investing)
Topic: Has anyone used MySolo401k.com, DiscountSolo401k.com, or Solo401k.com?
Replies: 147
Views: 10531

Re: Has anyone used MySolo401k.com, DiscountSolo401k.com, or Solo401k.com?

I wish I could deposit money electronically or through wire. It says on my dashboard that non-prototype accounts are not eligible for this :x
by cookymonster
Mon Nov 18, 2019 11:46 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone used MySolo401k.com, DiscountSolo401k.com, or Solo401k.com?
Replies: 147
Views: 10531

Re: Has anyone used MySolo401k.com, DiscountSolo401k.com, or Solo401k.com?

I was hoping I could do the rollovers every time I got paid, but now I'm thinking I may just have to suck it up and pay the capital gains taxes . Maybe I'll at least roll the funds over right before each dividend payout. Has anyone gotten Fidelity to be more accommodating? Or had better luck with a...
by cookymonster
Mon Nov 18, 2019 7:37 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone used MySolo401k.com, DiscountSolo401k.com, or Solo401k.com?
Replies: 147
Views: 10531

Re: Has anyone used MySolo401k.com, DiscountSolo401k.com, or Solo401k.com?

I was hoping I could do the rollovers every time I got paid, but now I'm thinking I may just have to suck it up and pay the capital gains taxes . Maybe I'll at least roll the funds over right before each dividend payout. Has anyone gotten Fidelity to be more accommodating? Or had better luck with a...
by cookymonster
Mon Nov 18, 2019 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone used MySolo401k.com, DiscountSolo401k.com, or Solo401k.com?
Replies: 147
Views: 10531

Re: Has anyone used MySolo401k.com, DiscountSolo401k.com, or Solo401k.com?

I do have a local office. It is just downtown, not an easy place to park, and I don't feel like making trips there. I was also hoping to make the transfers frequently so as to minimize taxes. I guess my expectations were too high and I didn't realize Fidelity was so reliant on paper forms in 2019.