Search found 7683 matches

by tfb
Sun Nov 19, 2017 6:48 pm
Forum: Investing - Help with Personal Investments
Topic: Employer offering HDHP but no HSA!
Replies: 3
Views: 352

Re: Employer offering HDHP but no HSA!

My employer is currently offering a High Deductible Health Plan (HDHP) as a choice for the company's medical insurance but oddly enough, unlike my previous employer, does not offer any HSA plans to go along with it... :annoyed ...I thought HDHP and HSA usually go hand in hand! It's a sign the plan ...
by tfb
Fri Nov 17, 2017 5:21 pm
Forum: Personal Finance (Not Investing)
Topic: Why did Vanguard drop TurboTax?
Replies: 16
Views: 2944

Re: Why did Vanguard drop TurboTax?

Vanguard dropped its discounts several years ago Vanguard didn't drop TurboTax discounts. TurboTax is still featured on Vanguard's website. No other tax software vendor receives the same treatment. This likely means Vanguard receives revenue for marketing TurboTax. https://investor.vanguard.com/tax...
by tfb
Fri Nov 17, 2017 2:30 am
Forum: Investing - Theory, News & General
Topic: annualized TLH data from Wealthfront
Replies: 7
Views: 901

Re: annualized TLH data from Wealthfront

TLH benefits from a higher ratio of new money to old money. In another10 years the number for the 2012 cohort will drop dramatically.
by tfb
Mon Nov 13, 2017 2:41 am
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth question about procedure and timeline sequence
Replies: 5
Views: 548

Re: Backdoor Roth question about procedure and timeline sequence

We plan to move the Rollover IRA(s) to our respective company 401(k) by year end after we get the YE dividend and other distributions from Vanguard. There is no point in waiting. It only makes things more complicated. Start moving now. You will get the dividends and distributions in the 401k plan.
by tfb
Fri Nov 10, 2017 11:51 am
Forum: Investing - Help with Personal Investments
Topic: Mega Backdoor questions
Replies: 31
Views: 1901

Re: Mega Backdoor questions

2bdbest wrote:
Fri Nov 10, 2017 11:46 am
From the handbook plan description:

Contributions
Employees may make salary reduction contributions to the Plans on a pretax and/or after-tax basis.
This after-tax may be the Roth variety?
by tfb
Fri Nov 10, 2017 11:43 am
Forum: Personal Finance (Not Investing)
Topic: New HSA provider Lively offers investments for $30/yr fee
Replies: 139
Views: 13395

Re: New HSA provider Lively offers investments for $30/yr fee

If you’ve got $40K in HSA funds, never planning to withdraw them until much later, and just want to invest once a year in a broad find like Total Stock Market, which account is the best? Saturna or Lively. I think Lively's customer service, more flexible investing options, and complete lack of pape...
by tfb
Fri Nov 10, 2017 10:36 am
Forum: Investing - Help with Personal Investments
Topic: Mega Backdoor questions
Replies: 31
Views: 1901

Re: Mega Backdoor questions

Pigeye Brewster wrote:
Thu Nov 09, 2017 10:49 pm
Your link says "Mega Backdoor Roth Without In-Service Distribution" but for some reason when I clicked on the link, it took me to an article titled "Mega Backdoor Roth and Access To Your Money Before 59-1/2" instead.
The correct link: Mega Backdoor Roth Without In-Service Distribution
by tfb
Tue Nov 07, 2017 11:32 pm
Forum: Investing - Help with Personal Investments
Topic: [Can I do a Backdoor rollover?]
Replies: 4
Views: 491

Re: [Can I do a Backdoor rollover?]

Thanks!! I have confirmed that it was a re-characterized to Roth! I am good to go No so fast. If you weren't eligible to contribute to Roth because your income is too high, recharacterizing the contribution to Roth will make it an excess contribution, subject to 6% excise tax _each year_ until remo...
by tfb
Tue Nov 07, 2017 12:51 am
Forum: Personal Consumer Issues
Topic: Considering buying a new cell phone- ideas?
Replies: 35
Views: 4377

Re: Considering buying a new cell phone- ideas?

The XCharge has a major advantage over the other phones since if you drop it in the toilet or break it or your battery dies you won't be miserable about having to replace it. That gives it an edge both from a financial and a psychological perspective. I'm using my $1 X Charge. It works just fine. I...
by tfb
Mon Nov 06, 2017 3:36 am
Forum: Personal Finance (Not Investing)
Topic: Why make more money?
Replies: 134
Views: 12850

Re: Why make more money?

Lets just assume that you are healthy and financially OK. You have have 30x expenses in investments plus whatever socials security will eventually give you in some distant future. You have no debt and the kids college is covered. You don't live extravagantly, but you have enough to travel, eat out,...
by tfb
Sun Nov 05, 2017 4:25 pm
Forum: Investing - Help with Personal Investments
Topic: Preparing For "Early Retirement" In A Couple of Years
Replies: 77
Views: 7435

Re: Preparing For "Early Retirement" In A Couple of Years

Tell everyone you've retired but then both of you can take on some side jobs to cover most of your living expenses. This. All the early retirees we hear about have a blog. With most of the living expenses covered by the side jobs, you can comfortably live on your $25k/year budget. $25K / year seems...
by tfb
Sun Nov 05, 2017 2:59 pm
Forum: Investing - Help with Personal Investments
Topic: Preparing For "Early Retirement" In A Couple of Years
Replies: 77
Views: 7435

Re: Preparing For "Early Retirement" In A Couple of Years

stan1 wrote:
Sat Nov 04, 2017 9:55 pm
Tell everyone you've retired but then both of you can take on some side jobs to cover most of your living expenses.
This. All the early retirees we hear about have a blog. With most of the living expenses covered by the side jobs, you can comfortably live on your $25k/year budget.
by tfb
Sat Nov 04, 2017 1:42 pm
Forum: Investing - Help with Personal Investments
Topic: "Re-Recharacterize" Traditional to Roth
Replies: 12
Views: 658

Re: "Re-Recharacterize" Traditional to Roth

Earlier this year, in my eagerness to perform my first backdoor Roth, I made a non-deductible contribution to a traditional IRA in my Schwab account. I then converted that to a Roth IRA. Subsequently, I came across the pro-rata rules and realized I needed to recharacterize the Roth back to a tradit...
by tfb
Thu Nov 02, 2017 11:08 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard didn't rob me.
Replies: 12
Views: 1642

Re: Did Vanguard rob me of $150,000+, or no?

How did Vanguard sell without any action from you? Frontier Communications Corporation (NASDAQ:FTR) today announced the completion of its 1-for-15 reverse stock split of the issued shares of common stock, which became effective as of the beginning of trading today. http://investor.frontier.com/relea...
by tfb
Tue Oct 31, 2017 10:54 am
Forum: Personal Finance (Not Investing)
Topic: TFB article on after-tax contributions to 401a/403b
Replies: 6
Views: 347

Re: TFB article on after-tax contributions to 401a/457

FrugalProfessor wrote:
Tue Oct 31, 2017 10:48 am
Thanks for catching the mistake TFB. Sorry to misquote. I have updated the original post accordingly.
Still not quite right because you left 457 there.
by tfb
Tue Oct 31, 2017 10:42 am
Forum: Personal Finance (Not Investing)
Topic: TFB article on after-tax contributions to 401a/403b
Replies: 6
Views: 347

Re: TFB article on after-tax contributions to 403b/457

I read the following TFB article on after-tax contributions to a 403b/457 this morning: https://thefinancebuff.com/401a-plan-contribution-limit.html. He states that some employers allow for the elusive after-tax contributions to 403b/457 plans, which opens the door for contributions up to the $54k/...
by tfb
Mon Oct 30, 2017 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: Help with 2018 HSA contribution limit (child turns 26 in December 2018)
Replies: 8
Views: 631

Re: Help with 2018 HSA contribution limit (child turns 26 in December 2018)

Coverage is determined on the 1st of each month. Covering yourself and your daughter from Jan. 1 to Dec. 1 inclusive means you have family coverage for all 12 months.
by tfb
Mon Oct 30, 2017 1:35 pm
Forum: Investing - Help with Personal Investments
Topic: Solo 401k - go with Vanguard or someone else
Replies: 51
Views: 5451

Re: Solo 401k - go with Vanguard or someone else

The Plan Administrator isn't able to operate the plan as written in the plan document and the adoption agreement when the provider's allowed features and policies inhibit them. The Plan Administrator (i.e. the employer) should complain to the authorities. You have been restating your position on th...
by tfb
Sun Oct 29, 2017 4:17 pm
Forum: Investing - Help with Personal Investments
Topic: Solo 401k - go with Vanguard or someone else
Replies: 51
Views: 5451

Re: Solo 401k - go with Vanguard or someone else

The one-participant 401k providers (Vanguard, Fidelity, TD Amerireadee, etc.) use their IRS approved Master and Prototype (M&P) plan document for both standard 401k plans and one-participant 401k plans. They then have different adoption agreements , allowed features and policies for one-participant...
by tfb
Sat Oct 28, 2017 4:54 pm
Forum: Investing - Theory, News & General
Topic: Do Investors really underperform their investments
Replies: 45
Views: 3778

Re: Do Investors really underperform their investments

It's mentioned in Pfau's article, but let's remember that it was Bogleheads member tfb (Harry Sit - The Finance Buff) who first explored the problems with Dalbar's calculations and conclusions. As much as I'd like to take the credit, the problem Wade Pfau found more recently was much bigger than th...
by tfb
Sat Oct 28, 2017 4:36 pm
Forum: Investing - Help with Personal Investments
Topic: Early-retired 35 year old with $1 million
Replies: 198
Views: 18557

Re: Early-retired 35 year old with $1 million

JW-Retired wrote:
Sat Oct 28, 2017 10:06 am
A) Realize long term capital gains until I fill up the 15% tax bracket? Sure, costs you nothing.
Realizing capital gains adds to the AGI, which reduces ACA premium tax credit. It effectively serves as a ~15% tax before 300% FPL and ~10% between 300% and 400% FPL.
by tfb
Thu Oct 26, 2017 3:56 pm
Forum: Investing - Help with Personal Investments
Topic: Question regarding 401(k) catch-up contributions and employer match
Replies: 29
Views: 1499

Re: Question regarding 401(k) catch-up contributions and employer match

In other words, the ability to contribute a portion for regular, and a portion for catch-up, out of each paycheck. It sounds like that's the way it will work, despite the communication challenges. The hangup came from the word "after" as in "catch-up only after you max out regular." After is by dol...
by tfb
Sat Oct 21, 2017 10:47 am
Forum: Investing - Theory, News & General
Topic: Fellow TDA bogleheads [TDA dropping Vanguard ETFs from commission-free list]
Replies: 465
Views: 39645

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

Low volume shouldn't really impact bid/ask spreads in broad market ETFs much (a quick look at the bid/ask spread on SPEM and VWO compared to the volume should demonstrate that to you). The reason is because the ability for certain participants to create/destroy units using the underlying holdings a...
by tfb
Wed Oct 18, 2017 2:19 pm
Forum: Investing - Theory, News & General
Topic: Fellow TDA bogleheads [TDA dropping Vanguard ETFs from commission-free list]
Replies: 465
Views: 39645

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

One thing i am considering is moving everything to Vanguard, most to an IRA account, and just eat the extra 10bp on their investor class mutual funds for solo 401k throughout the year, and roll it into IRA periodically, so the bulk will always be in the ETF or Admiral shares in IRA. 10pts on 18k of...
by tfb
Wed Oct 18, 2017 2:16 pm
Forum: Investing - Theory, News & General
Topic: "Advice-Only In Action: An Interview With Allan Roth"
Replies: 6
Views: 1017

Re: "Advice-Only In Action: An Interview With Allan Roth"

Bogleheads: Many of us need help with our investments. Unfortunately, most advisors charge a conflict -of-interest commission or a yearly fee for assets under management (AUM) which can also result in a conflict-of-interest. One example: AUM advisors benefit by recommending a mortgage which gives t...
by tfb
Mon Oct 16, 2017 1:34 am
Forum: Personal Finance (Not Investing)
Topic: ACA Subsidies / HSA accounts / advance premium subsidies / Questions
Replies: 19
Views: 1933

Re: ACA Subsidies / HSA accounts / advance premium subsidies / Questions

It looks like going forward to be able to contribute the full $6900 into this single account we'd need to purchase a family plan as two individual plans don't qualify for the combined contribution into a single owner account. That being said, I have 3 choices in state, individual plan, couple, or f...
by tfb
Sun Oct 15, 2017 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: ACA Subsidies / HSA accounts / advance premium subsidies / Questions
Replies: 19
Views: 1933

Re: ACA Subsidies / HSA accounts / advance premium subsidies / Questions

I’m very confused as to how to go about and fill out the subsidies forms when it’s complicated by two individual policies. All the questions talk about family income, spouse, and number of persons in household so I’m not sure how they take into account the two separate policies for subsidies calcul...
by tfb
Sun Oct 15, 2017 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: Met with a CFP, not too impressed.
Replies: 29
Views: 5436

Re: Met with a CFP, not too impressed.

Dottie57 wrote:
Sat Oct 14, 2017 2:07 pm
Told him thank you, but no thanks. Walked out of the meeting. Learned to not trust CFP.
Your experience and the OP's experience just showed not all CFPs are created equal. I learned the best bet are CFPs who don't manage money. They are truly in it for giving advice.
by tfb
Sat Oct 07, 2017 4:26 pm
Forum: Investing - Help with Personal Investments
Topic: The Best Dave R. Thread (just kidding)
Replies: 9
Views: 1011

Re: The Best Dave R. Thread (just kidding)

I do wonder why he's so passionate that he can consistently beat the market with his growth funds and always poo-poos Index funds. Because his ELPs (now SmartVestors) sell them? I can think of many worse things to do with your money than going to an advisor, paying the up front sales commission, an...
by tfb
Fri Oct 06, 2017 6:47 pm
Forum: Investing - Help with Personal Investments
Topic: Trying to convince my sister not to use a financial advisor
Replies: 59
Views: 4217

Re: Trying to convince my sister not to use a financial advisor

Yes she did ask me for input, which is why I don't understand why she won't take my advice. Anyhow, I tried explaining to her, I tried doing a graph showing all the fees with the advisor vs without, she still won't budge. I give up. I guess her advisor will be enjoying her money every year sipping ...
by tfb
Thu Oct 05, 2017 5:34 pm
Forum: Investing - Help with Personal Investments
Topic: Trying to convince my sister not to use a financial advisor
Replies: 59
Views: 4217

Re: Trying to convince my sister not to use a financial advisor

From needing help to DIY is too big a leap for her. You need to help her find a better advisor. When you see someone robbing your sister, don't stand there. Say something. Do something. I agree but personal finances is a very different animal. God forbid he recommends a different advisor or a DIY a...
by tfb
Thu Oct 05, 2017 5:10 pm
Forum: Investing - Help with Personal Investments
Topic: Trying to convince my sister not to use a financial advisor
Replies: 59
Views: 4217

Re: Trying to convince my sister not to use a financial advisor

From needing help to DIY is too big a leap for her. You need to help her find a better advisor. When you see someone robbing your sister, don't stand there. Say something. Do something.
by tfb
Wed Oct 04, 2017 6:40 pm
Forum: Personal Finance (Not Investing)
Topic: Reasonable hourly rate for a cfp?
Replies: 14
Views: 1124

Re: Reasonable hourly rate for a cfp?

Mardoc01 wrote:
Wed Oct 04, 2017 4:56 pm
In so fla where there are a ton of them. Money management and AA is all I'm looking for. Maybe meet on a quarterly basis for a discussion and tlh, rebalance recs etc. any opinions on a fair price ?
$200-300/hour, does not manage money therefore no %-of-asset fees.
by tfb
Wed Oct 04, 2017 3:59 pm
Forum: Investing - Help with Personal Investments
Topic: Should I forego a backdoor Roth IRA?
Replies: 13
Views: 1267

Re: Should I forego a backdoor Roth IRA?

From reading articles frequently posted in this forum (e.g., https://thefinancebuff.com/the-backdoor-roth-ira-a-complete-how-to.html), it sounds like I would want to try to rollover my IRA into my current 401k, if possible, leaving only the contributions and growth , and then implement the back doo...
by tfb
Tue Oct 03, 2017 2:00 am
Forum: Personal Finance (Not Investing)
Topic: non dually registered ria directory???
Replies: 2
Views: 376

Re: non dually registered ria directory???

NAPFA? To be precise RIAs are firms; IARs are people.
by tfb
Sun Oct 01, 2017 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: Solo 401K Advantages
Replies: 4
Views: 377

Re: Solo 401K Advantages

I'd like to max out my after tax contributions for a mega-backdoor Roth IRA but my employer doesn't permit it. Should I open a Solo 401K (associated with the rental business) so I can make this contribution and then roll it into my Roth IRA? Typical rental business isn't self-employment. So you can...
by tfb
Sun Oct 01, 2017 11:14 am
Forum: Investing - Theory, News & General
Topic: Any advice on moving my company 401k?
Replies: 17
Views: 1594

Re: Any advice on moving my company 401k?

I am considering moving our company 401k profit sharing plan to Vanguard. I know it will likely take much time and effort given that our plan has become quite large. But it may be easier doing this sooner rather than later. Having a larger plan is a strength. It helps spread admin cost and make the...
by tfb
Sun Oct 01, 2017 10:17 am
Forum: Investing - Help with Personal Investments
Topic: Want a mega-backdoor Roth for self employed income
Replies: 5
Views: 522

Re: Want a mega-backdoor Roth for self employed income

If you are familiar with setting one of these, would you share your experience with set up costs and annual fees? Is your TPA a local or national firm? Already shared. https://thefinancebuff.com/after-tax-contributions-in-solo-401k.html I don't use a TPA because I'm familiar with administration. I ...
by tfb
Sun Oct 01, 2017 10:10 am
Forum: Investing - Theory, News & General
Topic: $10 million+ - Still Working and LBYM
Replies: 162
Views: 16798

Re: $10 million+ - Still Working and LBYM

To support our current spending level I calculate we would need about $20 million of financial assets at a 4% withdrawl rate to yield $800,000 per year pretax which would translate into $500,000 a year after tax. The $100k tuition and part of the $125,000 on kids sports don't continue forever. If y...
by tfb
Sun Oct 01, 2017 9:59 am
Forum: Investing - Help with Personal Investments
Topic: Want a mega-backdoor Roth for self employed income
Replies: 5
Views: 522

Re: Want a mega-backdoor Roth for self employed income

Does anyone have a blueprint for setting this up? Is there an individual 401K plan from one of the major brokerage houses(vanguard, fidelity, etc) that would allow this? I do. Simply Google "solo 401k mega backdoor roth". No individual 401K plan from one of the major brokerage houses(vanguard, fide...
by tfb
Sat Sep 30, 2017 7:16 pm
Forum: Investing - Help with Personal Investments
Topic: HSA: Married mid-year, which HSA can we deposit to?
Replies: 11
Views: 918

Re: HSA: Married mid-year, which HSA can we deposit to?

So, effectively each of our HSAs has its own separate contribution limit for this year? Then for next year if we both just stay covered under my family plan I assume I can put 100% into my HSA. Correct. That applies to not only newly weds but also married couple who keep separate single coverage pl...
by tfb
Sat Sep 30, 2017 7:07 pm
Forum: Personal Finance (Not Investing)
Topic: I am in the investment advice industry and I'm not sure if I provide any value
Replies: 67
Views: 6635

Re: I am in the investment advice industry and I'm not sure if I provide any value

It's not about knowing it all, nor is it about being able to follow directions. Sure, I can follow a dentist's advice, but I also don't have opportunities arise, quite frequently, where something I read, or someone I'm talking to, or listening to, is telling me that what my dentists told me to do i...
by tfb
Fri Sep 29, 2017 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: I am in the investment advice industry and I'm not sure if I provide any value
Replies: 67
Views: 6635

Re: I am in the investment advice industry and I'm not sure if I provide any value

<snip> I leave feeling like the FA is trying to make everything seem confusing and difficult to push me toward their AUM services. You need to find advisors who don't manage money at all. So there won't be any pushing. Where do I find said advisors? Thanks. NAPFA, Garrett, FPA, ... Go through the p...
by tfb
Fri Sep 29, 2017 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: I am in the investment advice industry and I'm not sure if I provide any value
Replies: 67
Views: 6635

Re: I am in the investment advice industry and I'm not sure if I provide any value

My question is, what happens three years down the road when greed/fear/boredom come up? Clearly your optimism in relation to most peoples behavioral control via investment decisions is higher than mine. I have seen/heard/read about too many poor investment decisions from people "who should know bet...
by tfb
Fri Sep 29, 2017 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: I am in the investment advice industry and I'm not sure if I provide any value
Replies: 67
Views: 6635

Re: I am in the investment advice industry and I'm not sure if I provide any value

You need to find advisors who don't manage money at all. So there won't be any pushing. As much as I agree with your first comment above. I think this is flat-wrong. I think the investment plan should be married with the financial plan. An advisor can manage money on a discretionary basis under a f...
by tfb
Fri Sep 29, 2017 10:20 am
Forum: Personal Finance (Not Investing)
Topic: I am in the investment advice industry and I'm not sure if I provide any value
Replies: 67
Views: 6635

Re: I am in the investment advice industry and I'm not sure if I provide any value

As most people have mentioned, 1% for a well-thought out financial & investment plan and having someone to talk you off the "ledge of crazy ideas", is much better than most would do elsewhere or on their own. This is simply faulty logic permeated by the advice industry, a false dichotomy. It's like...
by tfb
Thu Sep 28, 2017 6:09 pm
Forum: Personal Finance (Not Investing)
Topic: I am in the investment advice industry and I'm not sure if I provide any value
Replies: 67
Views: 6635

Re: I am in the investment advice industry and I'm not sure if I provide any value

Don't conflate value with price. They are not the same thing.

You can provide a lot of value but you can still be vastly overpriced. Value belongs to the consumer.
by tfb
Thu Sep 28, 2017 6:06 pm
Forum: Investing - Help with Personal Investments
Topic: HSA: Married mid-year, which HSA can we deposit to?
Replies: 11
Views: 918

Re: HSA: Married mid-year, which HSA can we deposit to?

So, as long as you are married with both people on a family HDHP even if not until December you could theoretically wait until December and put 100% of the combined family limit into one of the HSAs (the one tied to the family HDHP through my employer)? No, unless you sign up for the last month rul...
by tfb
Thu Sep 28, 2017 10:25 am
Forum: Investing - Help with Personal Investments
Topic: HSA: Married mid-year, which HSA can we deposit to?
Replies: 11
Views: 918

Re: HSA: Married mid-year, which HSA can we deposit to?

So, as long as you are married with both people on a family HDHP even if not until December you could theoretically wait until December and put 100% of the combined family limit into one of the HSAs (the one tied to the family HDHP through my employer)? No, unless you sign up for the last month rul...
by tfb
Wed Sep 27, 2017 11:25 pm
Forum: Investing - Help with Personal Investments
Topic: HSA: Married mid-year, which HSA can we deposit to?
Replies: 11
Views: 918

Re: HSA: Married mid-year, which HSA can we deposit to?

The article seems to indicate that you can allocate your combined annual max contribution into either account, but I am not sure if this only works if you were married the full year. Allocating only applies to the months when you have family coverage. If you still have two separate single coverage,...