Search found 7629 matches

by tfb
Mon Sep 25, 2017 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: What is Max Non-Deductible Contributions I can Make to 401k
Replies: 9
Views: 436

Re: What is Max Non-Deductible Contributions I can Make to 401k

Calculate how much is available for non-deductible contributions to my Solo 401k plan Business Income:                  $55,849 Earned business deductions: Deductible Part of SE tax:         3,946 Qualified Plan/solo 401k*:        34,381 Health Insurance Deduction :       1,161  Max non-deductible ...
by tfb
Sun Sep 24, 2017 9:48 pm
Forum: Personal Finance (Not Investing)
Topic: pre-tax money in a nondeductible IRA
Replies: 24
Views: 1279

Re: pre-tax money in a nondeductible IRA

But theoretically, If I wanted to take an intermediate step, considering I have more than account at different brokerage firms, I could consolidate my holdings into one of the TIRAs (a 2nd TIRA account would be left with mostly basis). Then when I'm ready (next week, next year, 2 years from now, et...
by tfb
Sun Sep 24, 2017 7:57 pm
Forum: Personal Finance (Not Investing)
Topic: The Magic of Savings Rate
Replies: 97
Views: 10280

Re: The Magic of Savings Rate

The table should be read together with this chart: http://static1.businessinsider.com/image/513125876bb3f7db40000004-618-/moneygame-cotd-030113.jpg Source: CHART OF THE DAY: Rich People Really Love To Save Their Money , Sam Ro, Business Insider, Mar. 1, 2013 At higher income levels, savings rate nat...
by tfb
Fri Sep 22, 2017 12:28 pm
Forum: Investing - Help with Personal Investments
Topic: Rolling over previous 401k to a solo 401k
Replies: 8
Views: 536

Re: Rolling over previous 401k to a solo 401k

My wife's employer was recently bought out, and the new owner has a different 401k. ... ... For her previous employer's 401k, I believe our options are: 1. Keep the money there 2. Rollover the money to the new employer's 401k 3. Rollover the money to a solo 401k 4. Rollover the money to an IRA Did ...
by tfb
Wed Sep 20, 2017 8:04 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's new security key option
Replies: 83
Views: 17886

Re: Vanguard's new security key option

I am looking at the new security key options. Amazon has this one: https://www.amazon.com/Yubico-Y-158-YubiKey-4/dp/B018Y1Q71M/ref=sr_1_5?s=electronics&ie=UTF8&qid=1505579425&sr=1-5&keywords=fido+u2f+security+key Also on the site is this one at half the price and under questions answered says it wo...
by tfb
Wed Sep 20, 2017 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: Online Bill Pay Security: Push or Pull?
Replies: 102
Views: 3945

Re: Online Bill Pay Security: Push or Pull?

Is this based on the link you mentioned above? Or how do you know they won't just send me to the other bank? Yes it is in the FDIC link. The regulations dictate what your bank must do. It's not optional. Whether your bank wants to get in the middle or not, they have no choice. The thieves may be go...
by tfb
Wed Sep 20, 2017 11:17 am
Forum: Personal Finance (Not Investing)
Topic: Online Bill Pay Security: Push or Pull?
Replies: 102
Views: 3945

Re: Online Bill Pay Security: Push or Pull?

And you are on the hook for $500 in that case too (according to very nice link posted earlier). After 60 days, too bad I guess - at least there is no obligation to return your money... ? The $500 limit applies to losing a debit card, not unauthorized ACH debits. Here's more official information fro...
by tfb
Wed Sep 20, 2017 10:13 am
Forum: Personal Finance (Not Investing)
Topic: Online Bill Pay Security: Push or Pull?
Replies: 102
Views: 3945

Re: Online Bill Pay Security: Push or Pull?

I am afraid your own bank will just say as far as they are concerned you allowed unauthorized debits from the other bank and I should take it up with them (esp, if I did not notice this withdrawal within N days). Is that not the case? If thieves have my bank accounts info, my main concern would be ...
by tfb
Wed Sep 20, 2017 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Online Bill Pay Security: Push or Pull?
Replies: 102
Views: 3945

Re: Online Bill Pay Security: Push or Pull?

In the one case that I had a problem many years ago, my Credit Card pulled a payment twice. I called the Credit Card and they said it appeared I put in two requests (it could have been a browser issue) and their was nothing they could do to resolve it (e.g. they couldn't put the money back in my ba...
by tfb
Wed Sep 20, 2017 9:25 am
Forum: Personal Finance (Not Investing)
Topic: Online Bill Pay Security: Push or Pull?
Replies: 102
Views: 3945

Re: Online Bill Pay Security: Push or Pull?

tfb, do you happen to know what, if anything, prevents if a thief from pulling from your bank account via ACH if they know your routing and acct number? How do you go about disputing this with some bank you never heard of? In a 4-party system, you, your bank, they, their bank, when they initiate th...
by tfb
Tue Sep 19, 2017 11:59 pm
Forum: Investing - Theory, News & General
Topic: Multiple sources of income - fact or fiction?
Replies: 12
Views: 1845

Re: Multiple sources of income - fact or fiction?

I keep hearing financial advisers suggest one should have"Multiple sources of passive income". I have never heard any financial advisor say it. I only heard it from bloggers. It's more fiction than fact because the so called passive income is not really passive. It appeals to people's desires of ge...
by tfb
Tue Sep 19, 2017 8:08 pm
Forum: Personal Finance (Not Investing)
Topic: Online Bill Pay Security: Push or Pull?
Replies: 102
Views: 3945

Re: Online Bill Pay Security: Push or Pull?

Pull is more secure. In the ACH system, whoever initiates, whether push or pull, takes the responsibility. When you set up as pull, the biller is responsible. If the amount is wrong or an unauthorized party pulled from you, you can always dispute it. Even if thieves steal your bank account informati...
by tfb
Sat Sep 16, 2017 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: Why is TransUnion pushing True Identity vs credit freeze?
Replies: 21
Views: 4940

Re: Why is TransUnion pushing True Identity vs credit freeze?

Because they believe they can make more money out of those who sign up than those who do the freeze. It's on the entire group, not necessarily you specifically as an individual. If 2/3 make them $50 each and 1/3 makes them $0, they are still ahead than charging $15 each to all three.
by tfb
Sat Sep 16, 2017 6:47 pm
Forum: Personal Finance (Not Investing)
Topic: NQ 401k questions.
Replies: 3
Views: 232

Re: NQ 401k questions.

Hi - I'm not that familiar with NQ plan. I left company last year and has about 250k in NQ plan. In Jan - I received a distribution of $25k from the plan. In talking to fidelity, I was told that my plan selection is 10 year withdrawal and cannot be changed. That means I'll be getting 25k each Jan. ...
by tfb
Sat Sep 16, 2017 8:28 am
Forum: Personal Finance (Not Investing)
Topic: 2018 Tax Threshold Estimates
Replies: 12
Views: 1378

Re: 2018 Tax Threshold Estimates

Bummer, thanks. Do you know what controls the decision to increase those amounts? Inflation and rounding increments coded into the law. $500 increments for 401k. $5,000 increments for HCE threshold. As the numbers stand now, it takes less than 3% in inflation to bump the 401k limit but more than 4%...
by tfb
Fri Sep 15, 2017 9:52 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 Tax Threshold Estimates
Replies: 12
Views: 1378

Re: 2018 Tax Threshold Estimates

Thrifty Femme wrote:
Fri Sep 15, 2017 9:38 pm
Thanks, any word on 401k elective contribution limits and highly compensated employee definition?
$18,500. No change to HCE threshold.
by tfb
Fri Sep 15, 2017 11:57 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard Does Not have 2-Factor Authentication on Mobile App? Corr. w/Vanguard re This
Replies: 9
Views: 814

Re: Vanguard Does Not have 2-Factor Authentication on Mobile App? Corr. w/Vanguard re This

My Vanguard rep updated me as follows: Good news. I contacted our Web Technical Support team. They informed me that clients who are not receiving the security codes need to delete and reinstall the mobile application at this time. From there the mobile application should connect with our security c...
by tfb
Fri Sep 15, 2017 10:43 am
Forum: Personal Finance (Not Investing)
Topic: HSA over-contrib and test failure on last month rule
Replies: 3
Views: 319

Re: HSA over-contrib and test failure on last month rule

1. For 2016: should have only contributed $1,687.50 (3/12 x $6,750) so $5,062.50 would not have been contributed but for the last month rule. Therefore $5,062.50 will need to be reported as taxable income in 2017, plus 10% penalty. 2. For 2017: I will have over-contributed by $1,125 (2/12 x $6,750)...
by tfb
Fri Sep 15, 2017 10:38 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity Security
Replies: 50
Views: 4307

Re: Fidelity Security

I see that Fidelity's Symantec VIP 2FA app can only be installed in one place at a time (phone, laptop, desktop, whatever). This makes sense since you don't want the possibility of conflicting codes. But am I correct in assuming that doesn't restrict you to one device? For example, if you have the ...
by tfb
Fri Sep 15, 2017 2:45 am
Forum: Investing - Theory, News & General
Topic: New Betterment Portfolio Strategies
Replies: 13
Views: 2786

Re: New Betterment Portfolio Strategies

sunnywindy wrote:
Thu Sep 14, 2017 2:03 pm
It all seems weird. I thought ROBO accounts existed to make investment decisions for you.
Exactly. An advisor is supposed to advise. Now it's actually a robo model portfolio maintainer.
by tfb
Thu Sep 14, 2017 2:54 am
Forum: Personal Finance (Not Investing)
Topic: TrueIdentity from TransUnion - free credit freeze and protection?
Replies: 23
Views: 3533

Re: TrueIdentity from TransUnion - free credit freeze and protection?

Freeze and the fees are stipulated by law. Lock is defined unilaterally as a product. It can be the same as freeze today or not so tomorrow. It's free today but it doesn't have to be tomorrow. That's the difference.
by tfb
Wed Sep 13, 2017 11:30 pm
Forum: Personal Finance (Not Investing)
Topic: Can't Register With TransUnion
Replies: 16
Views: 1451

Re: Can't Register With TransUnion

My wife - TransUnion said she already had an account, but she has no recollection of setting it up, and we couldn't guess her user name/password. Same thing happened to one of us when we tried to set up the freeze earlier this year. We just sent a letter (template found on Clark Howard website) wit...
by tfb
Wed Sep 13, 2017 11:24 pm
Forum: Personal Finance (Not Investing)
Topic: Good flat-fee financial advisors in Boston suburbs?
Replies: 13
Views: 1283

Re: Good flat-fee financial advisors in Boston suburbs?

dwickenh wrote:
Wed Sep 13, 2017 8:21 am
The Garrett Network is often recommended here. I do not have first hand experience with them, but they are hourly fee only advisers.
Members of the Garrett Planning Network only have to _offer_ hourly fee, not necessarily wholeheartedly. Many of them still charge asset under management fees.
by tfb
Wed Sep 13, 2017 11:17 am
Forum: Personal Consumer Issues
Topic: Smart phones and data/text usage.
Replies: 31
Views: 1997

Re: Smart phones and data/text usage.

Anyone take a minimal data plan and then turn off data at the phone just so it is available if you need it? We have not taken data or text prior to last week when I added it just to be able to use Uber, or use gas finder app services here in Miami. Typical phone bill for both of us is $36 on Consum...
by tfb
Tue Sep 12, 2017 10:33 am
Forum: Personal Finance (Not Investing)
Topic: High-Deductible Health Plan vs. Peace of Mind
Replies: 42
Views: 4093

Re: High-Deductible Health Plan vs. Peace of Mind

If you go with HDHP, contribute the maximum to the HSA because nearly 100% of the savings comes from the HSA tax savings. Could you explain this? Wouldn't the tax savings only be the tax bracket percent of the $3,400? Because insurance prices the premiums and deductibles and copays to make the high...
by tfb
Tue Sep 12, 2017 10:27 am
Forum: Investing - Help with Personal Investments
Topic: After Tax contribution roll over to Roth IRA or Employer Roth account
Replies: 6
Views: 673

Re: After Tax contribution roll over to Roth IRA or Employer Roth account

Does it matter whether the rollover is from after tax contributions to Roth 401 K or Roth IRA account? I understand employer restrictions of choice funds, etc. which will come with Roth 401 K account vs. Roth IRA which I will have access to all the funds managed by provider. Any other major concern...
by tfb
Tue Aug 29, 2017 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: High-Deductible Health Plan vs. Peace of Mind
Replies: 42
Views: 4093

Re: High-Deductible Health Plan vs. Peace of Mind

Although the PPO might be overinsuring myself for how much I'll actually use it, does anyone else think it's worth the peace of mind to just know that no medical situation is going to cost me more than $400? It's not worth it. Just estimate your total cost in each scenario. Even if your cost is une...
by tfb
Tue Aug 29, 2017 1:41 pm
Forum: Personal Consumer Issues
Topic: Xfinity Mobile
Replies: 67
Views: 6718

Re: Xfinity Mobile

lemonPepper wrote:
Tue Aug 29, 2017 1:02 pm
The $1 phone is out of stock now
It was out of stock last night, back in stock this morning when I ordered. The sale will run another two weeks. It probably will come back into stock some time. If you really want it just keep checking from time to time.
by tfb
Tue Aug 29, 2017 11:28 am
Forum: Personal Consumer Issues
Topic: Xfinity Mobile
Replies: 67
Views: 6718

Re: Xfinity Mobile

Bumping this thread because Xfinity Mobile is having a sale. The LG X Charge is only $1 out of the door. If someone wants a new phone anyway, the phone prices on sale are not that bad.
by tfb
Sun Aug 27, 2017 5:20 pm
Forum: Investing - Help with Personal Investments
Topic: Is there anyway out of company's defined contribution plan
Replies: 12
Views: 829

Re: Is there anyway out of company's defined contribution plan

I am wondering if it is possible to roll-over a defined contribution plan balance while still employed with the company? My current employer utilizes a company which charges ridiculous fees for under-performing funds and I made the mistake of rolling-over my previous employer's defined contribution...
by tfb
Sun Aug 20, 2017 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: After Tax 401K Contributions Advice
Replies: 22
Views: 1499

Re: After Tax 401K Contributions Advice

Also, one could choose to put bonds or other lower-yielding assets in the after-tax portion so that gains would be minimal or "tolerable", even after a few years. This is what we do in our 401k. Although we can do in-service distributions, I only care to do only one distribution a year, so I choose...
by tfb
Sun Aug 20, 2017 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: MUST my employer ensure I do not over-contribute to my 401k?
Replies: 10
Views: 1621

Re: MUST my employer ensure I do not over-contribute to my 401k?

Anyway, the summary seems to be that i (no one?) don't have to worry about accidentally exceeding the $53,000 415(c) (not sure if I'm citing the correct section for this) limits. The limit is imposed on the employer. They can either prevent it from happening in the first place or they can correct i...
by tfb
Sun Aug 20, 2017 12:14 am
Forum: Investing - Theory, News & General
Topic: How Might Bogle View Proxy Vote Prop 7? Here's a Hint.
Replies: 9
Views: 2235

Re: How Might Bogle View Proxy Vote Prop 7? Here's a Hint.

I don't get what Bogle's view on corporate governance has anything to do with the topic at hand.
by tfb
Sun Aug 20, 2017 12:04 am
Forum: Personal Finance (Not Investing)
Topic: After Tax 401K Contributions Advice
Replies: 22
Views: 1499

Re: After Tax 401K Contributions Advice

For plans that do not allow "in-service" distributions of the after-tax account in your 401k, the advice is usually to not bother to use it. This is just not true. Tenures are short these days. Even if you have to wait a few years, earnings still won't be much. Plus there's opportunity for in-plan ...
by tfb
Fri Aug 04, 2017 10:50 am
Forum: Personal Finance (Not Investing)
Topic: Recharacterizing a Roth IRA - Need help with Vanguard form
Replies: 18
Views: 710

Re: Recharacterizing a Roth IRA - Need help with Vanguard form

Where I am really getting confused in is parts 5 and 6. What if, after I send put this form in the mail, the values of funds B and C and change substantially. Say, my shares of B become worth $15000 and C becomes worth $5000. Then the values in Part 5 will no longer be correct. I am assuming those ...
by tfb
Sat Jul 29, 2017 10:02 am
Forum: Investing - Theory, News & General
Topic: "Why Don’t Vanguard’s Target Retirement and LifeStrategy Funds Own Admiral Shares?"
Replies: 37
Views: 4495

Re: "Why Don’t Vanguard’s Target Retirement and LifeStrategy Funds Own Admiral Shares?"

I believe the brief explanation is the phrase between those quotes: "because there is no direct cost associated with a fund of funds..." There can't be a differentiated cost advantage because the direct cost attributable to the fund of funds (as opposed to the underlying funds) is $0. So there can'...
by tfb
Fri Jul 28, 2017 12:00 am
Forum: Investing - Theory, News & General
Topic: ABC's of the relationship between "advisor," "broker," and "custodian"
Replies: 10
Views: 1074

Re: ABC's of the relationship between "advisor," "broker," and "custodian"

I'm peripherally involved in something which seems to involve the names of three different companies: a) An "advisor," a small firm; b) A "broker/dealer," which is the name printed at the top of the statements showing what is in which account; c) A "custodian and clearing firm." There's nothing imp...
by tfb
Mon Jul 17, 2017 9:19 pm
Forum: Personal Finance (Not Investing)
Topic: Health Savings Account and "Last Month Rule"
Replies: 25
Views: 2551

Re: Health Savings Account and "Last Month Rule"

If you choose to make a 12-month contribution, the "gift" carries with it a risk. You must maintain a HDHP plan for 12 months. If you don't, you'll owe a tax and penalty. There is just a 10% penalty, the contributions stay in the account and there is no tax. There is tax in the year you fail the te...
by tfb
Sun Jul 09, 2017 11:12 pm
Forum: Personal Finance (Not Investing)
Topic: $10k House (hypothetical) at 3.75% rate, you pay $6,672.16 in interest after 30 years?
Replies: 49
Views: 4885

Re: $10k House (hypothetical) at 3.75% rate, you pay $6,672.16 in interest after 30 years?

Regardless of what you call it -- simple interest with principal payments adjusted to give same result, "compound interest in reverse" as I've called it many posts, or " compound interest that doesn't compound " as some folks call it -- I've shown several examples of how the interest and time that ...
by tfb
Sun Jul 09, 2017 11:07 pm
Forum: Personal Consumer Issues
Topic: Induction Stoves?
Replies: 11
Views: 863

Re: Induction Stoves?

I just switched from gas to induction. It combines the benefits of gas and electric: instant on/off/adjustment and clean looks. Food doesn't fall to the wells or burn onto the surface. It doesn't heat up the kitchen or the person as much as gas. Cons include fewer selections, higher prices, and requ...
by tfb
Sun Jul 09, 2017 8:15 pm
Forum: Personal Finance (Not Investing)
Topic: $10k House (hypothetical) at 3.75% rate, you pay $6,672.16 in interest after 30 years?
Replies: 49
Views: 4885

Re: $10k House (hypothetical) at 3.75% rate, you pay $6,672.16 in interest after 30 years?

The balance carries over from month to month. The balance in an amortized loan (or in a fixed rate and payment annuity if you're the investor instead of the borrower) depends on the interest that accrued on the unpaid balance in the previous month. If you skip a payment in a month and you catch up ...
by tfb
Sun Jul 09, 2017 7:58 pm
Forum: Personal Consumer Issues
Topic: Do not buy new cellphones on ebay
Replies: 54
Views: 6185

Re: Do not buy new cellphones on ebay

I bought two phones on eBay (still using them). They were previous model year products at less than 1/2 of the price when they were first released. You get the best value this way. The phones came from China. I have no problems with them. As a previous poster pointed out, you have to buy the specifi...
by tfb
Thu Jun 08, 2017 12:43 am
Forum: Personal Consumer Issues
Topic: Reconcile monthly bank statement when it contains more than one month
Replies: 18
Views: 1582

Re: Reconcile monthly bank statement when it contains more than one month

meebers wrote:Simplistic approach for me is that if it happened in April, it should be on the April statement.

Statements don't have to go by the calendar month. If they cut off on the 1st you just enter the 1st as the statement date and the balance as of the 1st and reconcile to the first day of the month.
by tfb
Thu Jun 08, 2017 12:37 am
Forum: Personal Consumer Issues
Topic: How to buy another car key?
Replies: 16
Views: 1988

Re: How to buy another car key?

We bought a 2014 Subaru that only came with one key. Any advice on how and where to buy a spare? Buy a blank key at subarugenuineparts.com, which is run by a Subaru dealership in WA, so you know you are getting a genuine Subaru key. Go to your local dealership to have the new key cut and programmed...
by tfb
Mon May 15, 2017 10:25 am
Forum: Personal Finance (Not Investing)
Topic: Funny Letter [Canceling Escrow Account]
Replies: 39
Views: 5509

Re: Funny Letter [Canceling Escrow Account]

midareff wrote:FWIW, self escrow is wonderful. Especially when it's in an Ally 1.05% savings account.

Some escrow accounts pay 2% interest, nearly double Ally's rate.
by tfb
Sun Apr 30, 2017 4:03 pm
Forum: Investing - Theory, News & General
Topic: Myopic Loss Aversion
Replies: 14
Views: 1670

Re: Myopic Loss Aversion

Because people don't see your examples as a loss and therefore don't suffer from the myopic loss aversion?

People feel bad about paying taxes on Social Security benefits, forgetting that taxes fund Social Security and Medicare shortfalls to begin with.
by tfb
Sun Apr 30, 2017 3:55 pm
Forum: Investing - Theory, News & General
Topic: Can a custodian do "homecooked" dividend distribution?
Replies: 11
Views: 701

Re: Can a custodian do "homecooked" dividend distribution?

A custodian (e.g. a broker, 401k, HSA, 529 plan etc) may have thousands of account holders each holding thousands of dollars worth of one of these funds, but the custodian may actually just have this all in a single fund (with thousands*thousands=millions of dollars worth of it) and the custodian i...
by tfb
Sat Apr 29, 2017 1:48 pm
Forum: Personal Consumer Issues
Topic: [Southwest] Airlines Rapid Rewards Dining
Replies: 11
Views: 1097

Re: [Southwest] Airlines Rapid Rewards Dining

Sounds interesting... if you are already eating at a restaurant and they are on the list might as well get a few points and in this case reset the 24 month clock. But then I started thinking..... how are they doing this? Easy. Participating restaurants send all charges to the program administrator ...
by tfb
Sun Apr 09, 2017 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: form 8606 basis question.
Replies: 30
Views: 1729

Re: form 8606 basis question.

Note the 2016 Instructions for Form 8606 : Basis. Your basis in traditional IRAs is the total of all your nondeductible contributions and nontaxable amounts included in rollovers made to traditional IRAs minus the total of all your nontaxable distributions, adjusted if necessary (see the instructio...
by tfb
Sun Apr 09, 2017 2:48 am
Forum: Personal Finance (Not Investing)
Topic: form 8606 basis question.
Replies: 30
Views: 1729

Re: form 8606 basis question.

If we follow that pattern we also know you have to deduct the capital loss up to the $3,000 limit every year. You don't get to choose to skip a year and save it for the future. Actually, you don't have to use any of the capital loss in a given year if your income is low enough. This is, unfortunate...