Search found 832 matches

by tenkuky
Tue Nov 12, 2019 3:18 pm
Forum: Personal Investments
Topic: 401k rollover IRA by end of year
Replies: 11
Views: 295

Re: 401k rollover IRA by end of year

If you DO have less than $5000, your employer is still supposed to give you at least 60 days to roll the funds out of the plan, after making efforts to reach you at the last known address. Only after these steps are followed, the money can be escheated to the state. If there is >= $1k and < $5K and...
by tenkuky
Tue Nov 12, 2019 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: Simple Bank - ACH to/from a "Protected Goal" account
Replies: 17
Views: 974

Re: Simple Bank - ACH to/from a "Protected Goal" account

Plus, to close the account, after you empty it, you have to send them a message indicating your desire to close the account.
With all this, I despair of getting my 1099-INT or paperwork for taxes in a timely fashion from them.
by tenkuky
Tue Nov 12, 2019 1:52 pm
Forum: Personal Investments
Topic: 401k rollover IRA by end of year
Replies: 11
Views: 295

Re: 401k rollover IRA by end of year

What's the rush to beat Dec 31?
It is not a taxable event. There will be 1099-R issued.
Only thing is if you have horrid fees with your 401K and you want to escape. Do they assess every quarter?
Are you rolling over in cash or in-kind?
by tenkuky
Tue Nov 12, 2019 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: Simple Bank - ACH to/from a "Protected Goal" account
Replies: 17
Views: 974

Re: Simple Bank - ACH to/from a "Protected Goal" account

SlowMovingInvestor wrote:
Tue Nov 12, 2019 1:32 pm
The Simple support site has a section on wires, and it seems like they do support them, even directly to the protected goals account.

https://www.simple.com/help/articles/de ... -transfers
Yeah, but only to receive funds. Still needs ACH or another method to send outbound.
by tenkuky
Tue Nov 12, 2019 12:12 pm
Forum: Investing - Theory, News & General
Topic: Changing AA in a 529 depending on spend-down
Replies: 2
Views: 152

Changing AA in a 529 depending on spend-down

I'm thinking about a scenario in which one has saved in a 529 and thankfully 4-year undergrad expenses are less than the balance (scholarships, oversaving etc). By the freshman year, one would have moved the funds into very conservative/stable value/MM investments. But now, there is the possibility ...
by tenkuky
Tue Nov 12, 2019 10:49 am
Forum: Personal Consumer Issues
Topic: Format a high schooler resume
Replies: 1
Views: 227

Format a high schooler resume

In terms of a junior in HS preparing the resume for future college applications, what sources do you guys go to for guidance? I found this https://www.princetonreview.com/college-advice/high-school-resume but not sure if that's the only place to look. Ask the HS counselor? Ask a college admissions o...
by tenkuky
Tue Nov 12, 2019 8:44 am
Forum: Personal Consumer Issues
Topic: What is this sound in the house?
Replies: 28
Views: 3174

Re: What is this sound in the house?

LadyGeek wrote:
Sun Nov 10, 2019 11:43 am
This thread reminds me of the all-time classic: Noise in my attic (Oct 26, 2010)
OMG
LadyGeek: thanks for posting that thread. It is one of the most fascinating reads. Who would have thunk?
by tenkuky
Mon Nov 11, 2019 5:50 pm
Forum: Non-US Investing
Topic: Transfer assets from India to US
Replies: 4
Views: 295

Re: Transfer assets from India to US

There will be reporting requirements here See https://www.irs.gov/businesses/comparison-of-form-8938-and-fbar-requirements Likely balance in your NRO will be greater than $150,000 on account of the sale (threshold for MFJ) or $100,000 by end of year. Your bank in US might want to document source of ...
by tenkuky
Mon Nov 11, 2019 5:15 pm
Forum: Non-US Investing
Topic: Transfer assets from India to US
Replies: 4
Views: 295

Re: Transfer assets from India to US

I am fairly new here, trying to read and learn as much as possible.. We recently obtained our permanent residency card after a long wait time. Now that our status has been finalized, thinking of disposing our real-estate properties in India. Other than FBAR filing each year, we haven’t had much to ...
by tenkuky
Mon Nov 11, 2019 9:08 am
Forum: Personal Finance (Not Investing)
Topic: Simple Bank - ACH to/from a "Protected Goal" account
Replies: 17
Views: 974

Re: Simple Bank - ACH to/from a "Protected Goal" account

Who cares? Same day transfer to the save to spend and ach pull from the safe spend. I already collected my money with bonus and closed the account This. Simple has one of the worst on-line banking platforms I’ve seen. Agreed. I finally figured out how to ACH out from them. OP is right, the Protecte...
by tenkuky
Sat Nov 09, 2019 3:33 pm
Forum: Personal Investments
Topic: 457b funds distributions - options now?
Replies: 2
Views: 168

Re: 457b funds distributions - options now?

Hello Everyone, I moved out of my previous job and I came to know that my previous 457b funds were distributed to me. I was not aware about this. Once I receive the check from my previous 457b funds - what options I can avail with least taxation and try to grow those funds in pre-tax situation. I a...
by tenkuky
Sat Nov 09, 2019 3:29 pm
Forum: Personal Investments
Topic: 2020: Laying The Foundation (First Time Poster)
Replies: 3
Views: 553

Re: 2020: Laying The Foundation (First Time Poster)

Welcome to the board! See some of my responses included in red.. Hi All, First, thank you to everyone on this forum for the value you openly provide. I've invested a good amount of time reading through posts and have learned a considerable amount for the short period of time I've been here. In short...
by tenkuky
Thu Nov 07, 2019 3:11 pm
Forum: Personal Consumer Issues
Topic: Filing FTC complaint against ATT Internet
Replies: 5
Views: 388

Re: Filing FTC complaint against ATT Internet

Silk McCue wrote:
Thu Nov 07, 2019 3:09 pm
You have every right to be ticked. Just don't let them live rent-free in your head over this.

Cheers
Thanks for the mindful check. I probably made more in interest today on my Ally NPCDs than that monthly increase.
So, serenity now......
by tenkuky
Thu Nov 07, 2019 3:02 pm
Forum: Personal Consumer Issues
Topic: Filing FTC complaint against ATT Internet
Replies: 5
Views: 388

Re: Filing FTC complaint against ATT Internet

Thanks, Silk. Apparently they decided to "not offer the plan" I locked into for a year, but downgraded to a lesser speed at higher price. They did not notify me of this in writing or email. While I may not have better options locally, I am peeved by the bait-and-switch which defeats the notion of a ...
by tenkuky
Thu Nov 07, 2019 2:27 pm
Forum: Personal Consumer Issues
Topic: Filing FTC complaint against ATT Internet
Replies: 5
Views: 388

Filing FTC complaint against ATT Internet

I wanted to get guidance on the wisdom and process for this. Facts: My 12-month promotional contract with AT&T Internet expired in August 2019, and I ordered a new 12-month period with a cost of $50 per month all inclusive. (Supposed to be $20 off the rack rate of $70) For the last 2 months the bill...
by tenkuky
Thu Nov 07, 2019 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: Any way to "forfeit" income to avoid IRMAA cliff
Replies: 53
Views: 5883

Re: Any way to "forfeit" income to avoid IRMAA cliff

I think people worry a little too much about paying the IRMAA penalty. If you are doing Roth conversions and not getting a subsidy, then your insurance premiums are sky high, plus you have a huge deductible. Before I went on Medicare, my non subsidized premium was $2845 a month for my wife and I, a...
by tenkuky
Wed Nov 06, 2019 11:10 am
Forum: Personal Finance (Not Investing)
Topic: Marcus bonus: Timing of withdrawing funds
Replies: 30
Views: 2616

Re: Marcus bonus: Timing of withdrawing funds

They made it pretty complicated (probably by design). Here are the instructions. Click Goals on top center of page (to the right of simple logo) Click on savings goal account mid page. Click Transfer bottom right Click change mid right Click To mid right Click Safe-To-Spend bottom right Enter Trans...
by tenkuky
Wed Nov 06, 2019 7:55 am
Forum: Personal Investments
Topic: Backdoor Roth IRA Question
Replies: 7
Views: 316

Re: Backdoor Roth IRA Question

Did you have a zero balance in the IRA prior to the contribution; in other words no pre-tax rollovers into it?
Otherwise you will have to figure out the pro-rata basis for the conversion and it will be taxable.
Otherwise you are all set as others above have pointed out.
by tenkuky
Wed Nov 06, 2019 7:50 am
Forum: Personal Investments
Topic: How long before retire?
Replies: 14
Views: 2387

Re: How long before retire?

529 : for two kids I-Bond: $53K' 529: Age Based Conservative at Vanguard: $322K I want to point out that you are planning to use I-bonds for educational expenses. Be aware of income limitations for interest exclusion for this. See here and the relevant IRS pub. I believe last year limit was $149,30...
by tenkuky
Wed Nov 06, 2019 7:27 am
Forum: Personal Investments
Topic: moving to schwab from morgan stanley advising
Replies: 4
Views: 534

Re: moving to schwab from morgan stanley advising

I agree with Nate, but if you insist on index funds, go with SWTSX (Total Mkt) instead of SWPPX (SP500) for greater exposure. SWAGX is fine. SWISX is only developed markets, and fine, but no emerging mkts or small cap intl there. Careful of Target Date Funds at Schwab though, there are Index ones an...
by tenkuky
Wed Nov 06, 2019 7:21 am
Forum: Personal Finance (Not Investing)
Topic: Marcus bonus: Timing of withdrawing funds
Replies: 30
Views: 2616

Re: Marcus bonus: Timing of withdrawing funds

My $500 bonus arrived this morning. Exactly two days after the maintenance period expired. Coincidentally my Simple Bank bonuses also arrived! Pulling both today. I got my Simple bonus too and want to pull it. However, I can't figure out on their ridiculous interface how to money $ from the Protect...
by tenkuky
Thu Oct 31, 2019 10:04 am
Forum: Personal Finance (Not Investing)
Topic: Haven't received email from Equifax about settlement
Replies: 5
Views: 605

Haven't received email from Equifax about settlement

After the outrage about not enough money to pay out all affected persons who requested cash instead of credit monitoring, I noted on this board that people were receiving follow up emails. Something like "are you sure you want cash, here's how credit monitoring is more valuable". I assumed that was ...
by tenkuky
Wed Oct 30, 2019 8:45 am
Forum: Personal Finance (Not Investing)
Topic: 529 - over saving?
Replies: 25
Views: 1334

Re: 529 - over saving?

Depends on your state tax deduction (if any).
I would contribute at least to that amount.
You could always add more to taxable as it is less constrained, and can be very tax efficient if chosen wisely.
by tenkuky
Wed Oct 30, 2019 6:59 am
Forum: Personal Investments
Topic: Taxable Account
Replies: 9
Views: 804

Re: Taxable Account

If you already have accounts with Fido, why open a brokerage account somewhere else? They have low cost mutual funds too with no minimums and fairly tax efficient (though not nearly as much as VG) Go with a total market index FSKAX. Another thought (with no trading fees), you can get VTI in a Fideli...
by tenkuky
Wed Oct 30, 2019 6:55 am
Forum: Personal Investments
Topic: Go all in w/ 403b or branch in it's after match?
Replies: 14
Views: 479

Re: Go all in w/ 403b or branch in it's after match?

Agree with b42, contribute to the employer match and then Roth IRA (given your tax bracket and statement that income will rise in near future). Your options are fantastic but check for account fees. Also, re the match, check if it is a "true up" or each paycheck, so you don't inadvertently front-end...
by tenkuky
Mon Oct 28, 2019 10:40 am
Forum: Personal Investments
Topic: 403b/457b protected from creditors?
Replies: 10
Views: 689

Re: 403b/457b protected from creditors?

See this, looks like CA has limited protection other than "private retirement accounts", whatever that means. https://gassmanlaw.com/wp-content/uploads/2014/07/50-State-Chart-by-Ed-Morrow.pdf Get the umbrella, it is SWAN protection for not much money. Not sure how to do it without car coverage, I wa...
by tenkuky
Mon Oct 28, 2019 9:17 am
Forum: Personal Finance (Not Investing)
Topic: Just surrendered my whole life policy!
Replies: 13
Views: 1224

Re: Just surrendered my whole life policy!

Congratulations!
What surrender charge did you get hit with?
Also, are there any taxable implications of this, or is the balance just rolled into taxable account/bank?
by tenkuky
Fri Oct 25, 2019 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: TaxAct Discounts for 2019 version
Replies: 27
Views: 1902

Re: TaxAct Discounts for 2019 version

I had used TaxAct for several years too, but I switched away last year to H&R Block software when I saw the TaxAct price increase. Looking in my email receipts, I paid $18.00 on Amazon on Black Friday for H&R Block Deluxe. I believe I saw a discussion about it on here, in fact. Edited: Yep. https:/...
by tenkuky
Fri Oct 25, 2019 11:58 am
Forum: Investing - Theory, News & General
Topic: Health equity investment fee. High or low?
Replies: 32
Views: 2547

Re: Health equity investment fee. High or low?

Great thread- I'm inspired now to get out of that expensive HE mess- employers really doing us a disservice with this subpar option.. I don't understand why so many employers use HE. Perhaps someone here can explain why. While I can't be sure of the reasons, here is my personal experience of why.. ...
by tenkuky
Fri Oct 25, 2019 10:59 am
Forum: Investing - Theory, News & General
Topic: Health equity investment fee. High or low?
Replies: 32
Views: 2547

Re: Health equity investment fee. High or low?

Frankieg48336 wrote:
Thu Oct 24, 2019 7:58 pm
Thanks I will look into it.
Once you decide you want to do this, I suggest open another HSA account (Lively or Fidelity) and PM me for the specific steps for HE indirect rollover.
by tenkuky
Thu Oct 24, 2019 10:11 am
Forum: Personal Finance (Not Investing)
Topic: Seeking a 30 Year Fixed Rate Mortgage
Replies: 4
Views: 850

Re: Seeking a 30 Year Fixed Rate Mortgage

Depending on location of the property, Third Federal offers good refi, shorter-term products with low closing costs.
However, not offered in all states.
Check at www.thirdfederal.com
by tenkuky
Tue Oct 22, 2019 7:26 am
Forum: Investing - Theory, News & General
Topic: Health equity investment fee. High or low?
Replies: 32
Views: 2547

Re: Health equity investment fee. High or low?

I too have a Health Equity HSA at work, and I recently transferred the funds to Fidelity, which I really like. I'll just continue doing periodic transfers from HE to Fidelity going forward. Hello will I am in same boat. i was online with HE chat support they said as long as i keep a $2,500 plus bal...
by tenkuky
Mon Oct 21, 2019 11:00 am
Forum: Personal Finance (Not Investing)
Topic: Dependent care account questions
Replies: 5
Views: 424

Re: Dependent care account questions

I can answer # 2, see below... I have some questions about dependent care FSA accounts: 1. My employer has taken the funds out 4-5 paychecks and yet the money hasn’t been sent to the company that reimburses me (American Fidelity)—do they have some responsibility to get the money to me in a timely ma...
by tenkuky
Fri Oct 18, 2019 11:28 am
Forum: Personal Finance (Not Investing)
Topic: Closing costs on a refinance. Negotiable and how?
Replies: 7
Views: 736

Re: Closing costs on a refinance. Negotiable and how?

Did you check with ThirdFederal?
I think they cover NY state and have fixed closing costs of $595, check online to see refi rates.
by tenkuky
Wed Oct 16, 2019 10:16 am
Forum: Personal Investments
Topic: HSA and/or 401K
Replies: 19
Views: 794

Re: HSA and/or 401K

Humbly I would state that if you need to cut back on your tax-deferred contributions like this, you are not ready to put down such a large down payment on a house.
by tenkuky
Wed Oct 16, 2019 6:29 am
Forum: Personal Finance (Not Investing)
Topic: mortgage refinance math--locking in today
Replies: 6
Views: 219

Re: mortgage refinance math--locking in today

I assume you still live in PA (based on your previous posts). Have you looked at Third Federal? $295 closing costs and they offer in few states (incl PA). https://www.thirdfederal.com/borrowing/mortgage-refinance#tab-2 They offer 10-year refi options (if you can spring for that). We did in the past ...
by tenkuky
Thu Oct 10, 2019 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Savings Rate drops to 1.8%
Replies: 43
Views: 6047

Re: Ally Savings Rate drops to 1.8%

Cyanide123 wrote:
Thu Oct 10, 2019 8:51 am
Vio Bank for me is still at 2.42. it did drop from 2.52 to 2.42 with the last rate drop.
Any credit pull with Vio?
I have my reports frozen for a while now and am not inclined to unfreeze-refreeze.
by tenkuky
Fri Sep 13, 2019 6:57 am
Forum: Investing - Theory, News & General
Topic: Schwab cutting 600 jobs - announced today
Replies: 28
Views: 5614

Re: Schwab cutting 600 jobs - announced today

..... but the geographically assigned Schwab retail broker is useless ... totally commission/sales oriented. Schwab could drop the whole brick & mortar operation and the commission reps located within it and it would not matter one bit to me. Actually I disagree. My "local" rep has been most helpfu...
by tenkuky
Wed Sep 11, 2019 7:59 pm
Forum: Investing - Theory, News & General
Topic: Health equity investment fee. High or low?
Replies: 32
Views: 2547

Re: Health equity investment fee. High or low?

Is there a wiki page, or rules of thumbs elsewhere I could follow regarding transfers? We have an HSA at Optum from an old employer. Currently funding another HSA at Health Equity through current employer. Most of our assets are held at Fido, so I'd like to get all these monies over there in a new ...
by tenkuky
Wed Sep 11, 2019 7:55 pm
Forum: Investing - Theory, News & General
Topic: Health equity investment fee. High or low?
Replies: 32
Views: 2547

Re: Health equity investment fee. High or low?

Thanks everyone for the replies. I will look into Fidelity and Lively. Can anyone who has experience with lively tell me if they have vanguard or other good low cost funds as investment options? You can approximate a 3-fund type portfolio with no-fee ETFs at Lively/TDA very easily SPTM for Total Ma...
by tenkuky
Wed Sep 11, 2019 8:12 am
Forum: Investing - Theory, News & General
Topic: Health equity investment fee. High or low?
Replies: 32
Views: 2547

Re: Health equity investment fee. High or low?

I had to make this choice too a few years ago and I concluded: 1) The fee is worth it to invest if your employer insists on using HE. Especially if you are going to max out the HSA contribution, or you intend to stay with your employer for a while, in which case the costs of not investing are highe...
by tenkuky
Wed Sep 11, 2019 8:10 am
Forum: Investing - Theory, News & General
Topic: Health equity investment fee. High or low?
Replies: 32
Views: 2547

Re: Health equity investment fee. High or low?

Don't do it. Absolutely no reason to pay an "investment fee" of 0.4% over the ERs of underlying funds. Plus, you have to have a minimum in cash drag before you can start investing. I had enough of HealthEquity and every year I do an indirect rollover to Lively, an excellent fee-free HSA with TD inv...
by tenkuky
Tue Sep 10, 2019 7:34 pm
Forum: Investing - Theory, News & General
Topic: Health equity investment fee. High or low?
Replies: 32
Views: 2547

Re: Health equity investment fee. High or low?

Don't do it. Absolutely no reason to pay an "investment fee" of 0.4% over the ERs of underlying funds. Plus, you have to have a minimum in cash drag before you can start investing. I had enough of HealthEquity and every year I do an indirect rollover to Lively, an excellent fee-free HSA with TD inve...
by tenkuky
Sun Sep 08, 2019 4:25 pm
Forum: Personal Investments
Topic: Roth 401k Help
Replies: 18
Views: 671

Re: Roth 401k Help

Hi, I've been Googling and Bogleheading but haven't found a satisfactory answer. 1) Are REITs a good idea in a Roth 401K? Depends on what fund is available and its ER. If its a low-cost fund like Vanguard etc, then maybe. I say maybe because we don't know your overall slice-and-dice allocation and ...
by tenkuky
Sun Sep 08, 2019 4:21 pm
Forum: Personal Consumer Issues
Topic: Hilton Honors points stolen
Replies: 20
Views: 3211

Re: Hilton Honors points stolen

I'm not sure that points expire randomly and not according to a published schedule. I've lost AA points because I was a month late doing a shopping transaction using their site, but that was my fault. At least with Hilton I can get points by using a no-fee credit card, which isn't true with every p...
by tenkuky
Thu Sep 05, 2019 2:11 pm
Forum: Personal Investments
Topic: Portfolio Advice (32 y.o.) First Post on Bogleheads
Replies: 8
Views: 1360

Re: Portfolio Advice (32 y.o.) First Post on Bogleheads

Welcome! You are doing very well but I have some comments in red below. Hi Everyone: Looking for insights from folks on my current asset allocation/investment strategy. Got out of law school at 27 and have been working at a firm in MN for last 5 years. Married. Kids. 1 income family. We spent a long...
by tenkuky
Thu Sep 05, 2019 4:15 am
Forum: Personal Investments
Topic: Timing considerations of non-governmental 457b rollover
Replies: 25
Views: 1243

Re: Timing considerations of non-governmental 457b rollover

The custodian/vendor of the 457b is refusing to give me a copy of the plan document. :annoyed I asked for a copy, the reply was "attached is information about your plan". I then said thanks, but I would still like a copy of the plan document and the response was "The education materials provided ar...
by tenkuky
Mon Sep 02, 2019 9:26 am
Forum: Personal Investments
Topic: Timing considerations of non-governmental 457b rollover
Replies: 25
Views: 1243

Re: Timing considerations of non-governmental 457b rollover

After scouring dozens of web pages on my 457b account and following various links, I've found a few more details which are encouraging, with respect to my possible flexibility to take a future election. Notwithstanding the initial election of the Participant [my initial election was a 10-year payou...
by tenkuky
Sun Sep 01, 2019 8:26 am
Forum: Personal Investments
Topic: Timing considerations of non-governmental 457b rollover
Replies: 25
Views: 1243

Re: Timing considerations of non-governmental 457b rollover

My thoughts/experience based on attempts to do the same thing 3 years ago, finally settled on taxable distribution and not rollover. Questions: 1) If I take a lump sum payout from the 457b in November, is there any way to get the cash into the new employer plan which start in January (and avoid taxa...
by tenkuky
Thu Aug 22, 2019 2:19 pm
Forum: Personal Consumer Issues
Topic: Chicago - What to see, do & eat in two days
Replies: 71
Views: 4044

Re: Chicago - What to see, do & eat in two days

Chicagoan's pay about a 1/3 of what we pay for booze. We always make a stop there on the way out of town and stock up. :sharebeer Interesting. I always try to buy my liquor in the suburbs because I think it is expensive in Chicago due to the taxes. For example, I bought a bottle of vodka at Costco ...