Search found 8074 matches

by tfb
Sat Oct 19, 2019 7:08 pm
Forum: Investing - Theory, News & General
Topic: what was vanguard like before the internet?
Replies: 17
Views: 821

Re: what was vanguard like before the internet?

For all you index investor out there who are long in the tooth, just curious what you did pre internet. Landline phone and USPS mail. Vanguard had deposit slips. You mail a check and fill in the fund number on the deposit slip. Vanguard still has those fund numbers but most people don't refer to th...
by tfb
Sat Oct 19, 2019 6:43 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone used MySolo401k.com, DiscountSolo401k.com, or Solo401k.com?
Replies: 32
Views: 1303

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

I don't recommend going with any of these providers either. Hire a real TPA for two years. See what they have you do and do for you during the two years. Then follow the same process yourself. This is not the place to go cheap.
by tfb
Sat Oct 19, 2019 6:37 pm
Forum: Personal Finance (Not Investing)
Topic: Provider choosing to bill as out of network
Replies: 43
Views: 3327

Re: Provider choosing to bill as out of network

It looks like the provider listed was a specific therapist, not the general provider. Basically the in-network reimbursement rate is too low for them but they still want to attract patients through the insurance company's directory. So they join the network, get listed and get you in the door, but ...
by tfb
Sat Oct 19, 2019 8:03 am
Forum: Personal Finance (Not Investing)
Topic: Concerning ACA income cliff and home sale
Replies: 1
Views: 244

Re: Concerning ACA income cliff and home sale

The rules for excluding gains:

https://www.irs.gov/taxtopics/tc701

Two separate tests for ownership and use. Both 2 years out of last 5. When it's excluded it doesn't add to MAGI for ACA.
by tfb
Tue Oct 15, 2019 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: 401k Provider with Mega Backdoor Roth IRA Ability
Replies: 3
Views: 327

Re: 401k Provider with Mega Backdoor Roth IRA Ability

robertmcd wrote:
Mon Oct 14, 2019 11:42 am
Our company is growing and we will be starting a 401k for its employees. We are very small (8-10 employees) maybe get up to 20 or so. Does anyone know of any of the low cost 401k providers that allow for the MBR?
Last I checked Employee Fiduciary allows it.
by tfb
Sat Sep 28, 2019 5:37 pm
Forum: Personal Investments
Topic: 100% Self managing Solo401K with Vanguard
Replies: 11
Views: 1097

Re: 100% Self managing Solo401K with Vanguard

crazycatman wrote:
Fri Sep 27, 2019 9:18 pm
While in communication with APC about this, it seemed my guy was trying to scare me into keeping APC as the plan administrator.
How much does APC charge for administering a solo 401k plan? They may be a good candidate for people who want a custom plan for mega backdoor Roth.
by tfb
Tue Sep 24, 2019 4:05 pm
Forum: Personal Investments
Topic: Mega Backdoor Roth through Fidelity
Replies: 22
Views: 1902

Re: Mega Backdoor Roth through Fidelity

JimmyD wrote:
Tue Sep 24, 2019 3:27 pm
Being that it would take a few months for me to get there, I'm not keen on the money acquiring potential gains while I wait to hit the $1,000 minimum for the Brokerage Link transfer.
How much gain can it possibly achieve on less than $1,000 in a few months? Just keep it simple and don't overthink.
by tfb
Sun Sep 15, 2019 11:07 am
Forum: Personal Finance (Not Investing)
Topic: Eligible for Mega-Backdoor Roth (MBR)?
Replies: 12
Views: 901

Re: Eligible for Mega-Backdoor Roth (MBR)?

How do you know it doesn’t allow after-tax non-Roth contributions? Am I missing something? In the section on “Contributions”, it’s silent on the topic. Whereas with a previous plan my DH had, it specifically said these are not allowed. Because otherwise it would be obvious. When you asked the plan ...
by tfb
Sun Sep 15, 2019 10:28 am
Forum: Personal Finance (Not Investing)
Topic: Eligible for Mega-Backdoor Roth (MBR)?
Replies: 12
Views: 901

Re: Eligible for Mega-Backdoor Roth (MBR)?

Then why does it say the part about avoided taxes on any after-tax amounts that are rolled into the Roth? If they wanted to limit it to pre-tax, they would have called it a pre-tax account, not a non-Roth account. If there are any after-tax amounts in the rollover, they won't be taxed. That's just ...
by tfb
Fri Sep 13, 2019 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Confused about after-tax contributions to 401k plans
Replies: 22
Views: 1642

Re: Confused about after-tax contributions to 401k plans

It looks to me that this activity is not taxed until the employee withdraws these dollars. It seems that these after-tax dollars are advantaged versus after-tax dollars in a truly taxable account. Yes, but for a different reason. These after-tax dollars [usually] can be rolled over to the Roth 401k...
by tfb
Thu Sep 05, 2019 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: Mega Back Door Roth with Solo 401k @TD Ameritrade
Replies: 11
Views: 778

Re: Mega Back Door Roth with Solo 401k @TD Ameritrade

Keep in mind that this TD Ameritrade basic plan document is now for both one-participant 401k plans and small business 401k plans with non-spouse employees. There are several cases where the underlying 401k plan documents allow a feature, but it is not allowed in their one-participant 401k plans. C...
by tfb
Thu Sep 05, 2019 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: Mega Back Door Roth with Solo 401k @TD Ameritrade
Replies: 11
Views: 778

Re: Mega Back Door Roth with Solo 401k @TD Ameritrade

The standardized adoption agreement i was provided is called the "Qualified Retirement Plan - Standardized Adoption Agreement" which is different than the file you linked to. There is a section at the end to "specify additional information to be included in the plans adoption agreement" where we ma...
by tfb
Wed Sep 04, 2019 6:54 pm
Forum: Personal Finance (Not Investing)
Topic: Mega Back Door Roth with Solo 401k @TD Ameritrade
Replies: 11
Views: 778

Re: Mega Back Door Roth with Solo 401k @TD Ameritrade

TD plan document 3.10 Nondeductible employee contributions "a separate account will be maintained by the plan administrator for the nondeductible employee contributions of each participant" is this not speaking to after-tax contributions? i dont see anything that explicitly prohibits the after-tax ...
by tfb
Tue Sep 03, 2019 12:49 am
Forum: Personal Finance (Not Investing)
Topic: Advice for "side-hustle" CFP as accountant? Is it possible?
Replies: 9
Views: 884

Re: Advice for "side-hustle" CFP as accountant? Is it possible?

createplayact wrote:
Mon Sep 02, 2019 10:57 pm
Is there any way I can do what I've described without an official CFP or ChFC designation and charge for the services?
Yes it's possible. Well respected William Bernstein doesn't have any CFP, ChFC, CPA, or CFA designation.
by tfb
Sat Aug 31, 2019 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: How to make SWIFT payment inexpensively
Replies: 10
Views: 686

Re: How to make SWIFT payment inexpensively

whodidntante wrote:
Sat Aug 31, 2019 12:56 pm
True, but Fidelity is also not a bank. Can you wire money to an account that is not registered to you?
I wired U.S. dollars to a tour operator in Africa through Fidelity. Same purpose as the OP, just a different country.
by tfb
Sat Aug 31, 2019 11:35 am
Forum: Personal Finance (Not Investing)
Topic: How to make SWIFT payment inexpensively
Replies: 10
Views: 686

Re: How to make SWIFT payment inexpensively

I assume that free international wires are only available to Private Access clients, right? Fidelity charges all clients $0 for U.S. dollar wire transfers. https://www.fidelity.com/why-fidelity/pricing-fees When an international wire is in U.S. dollars, it's really a domestic wire. Fidelity's bank ...
by tfb
Sat Aug 31, 2019 9:24 am
Forum: Personal Finance (Not Investing)
Topic: How to make SWIFT payment inexpensively
Replies: 10
Views: 686

Re: How to make SWIFT payment inexpensively

I am organizing for a large alum group (80!persons) an African Safari in 2020. This is with an agency in Tanzania who are friends of a friend of mine. This agency gave me SWIFT details for payments. Is SWIFT same as international wire? What will be the cheapest way to send money? The SWIFT details ...
by tfb
Wed Aug 28, 2019 6:50 pm
Forum: Personal Finance (Not Investing)
Topic: [Have to keep job just for health insurance. Any ideas on insurance replacement?]
Replies: 20
Views: 1523

Re: Really?? My FIRE comes down to heath insurance?? Depressing!

The way my deferred comp would come in I likely would not get ACA tax credits until year 3 out of work....So paying a lot for healthcare, even if we dont use it. How much is a lot exactly? $50k/year for 3 years? Carve out $150k out of your assets for it. Re-run the numbers. As someone already said,...
by tfb
Tue Aug 27, 2019 12:05 am
Forum: Personal Finance (Not Investing)
Topic: Question about effective date of i401k after amendment
Replies: 1
Views: 154

Re: Question about effective date of i401k after amendment

The effective date of my amendment when I moved the i401k to Schwab a few weeks ago was January 1, 2019. The retirement folks at Vanguard recommended having the new effective date of the amendment moving the i401k to Vanguard be January 2, 2019. I would leave the plan at Schwab for at least a year,...
by tfb
Mon Aug 26, 2019 6:09 pm
Forum: Personal Finance (Not Investing)
Topic: Estimated quarterly taxes for newly-formed LLC
Replies: 8
Views: 489

Re: Estimated quarterly taxes for newly-formed LLC

Given that it is a new entity, how would the IRS know sans-audit that I recorded income in Q1/Q2 in order to pay estimated quarterly taxes, or that I was going to have any estimated taxes to pay? The LLC doesn't pay tax. You pay the tax as a person. If you have other withholding, say from a day job...
by tfb
Wed Aug 21, 2019 8:30 pm
Forum: Personal Investments
Topic: Keep rollover out of market 2days for access to higher rate mm fund?
Replies: 6
Views: 526

Re: Keep rollover out of market 2days for access to higher rate mm fund?

As soon as funds become available to trade buy into fdzxx for in the ira long enough for it to settle and I shift some non ira spaxx funds into a secondary taxable fdzxx account thus giving me permanent access to the lower er higher return mm fund. Are you sure having the fund in an IRA will give y...
by tfb
Wed Aug 21, 2019 12:53 pm
Forum: Personal Investments
Topic: Vanguard Change to Personal Adviser Services
Replies: 29
Views: 2781

Re: Vanguard Change to Personal Adviser Services

You are speaking of the difference between a robo service and a full hands-on advisor service which costs at least 1%. Not necessarily. Ask Rick Ferri, Allan Roth, and others who don't charge asset-based fees. Depending on the size of the asset, their fees can be less than the 0.3% charged by Vangu...
by tfb
Wed Aug 21, 2019 12:33 pm
Forum: Investing - Theory, News & General
Topic: After-tax 401(k) Matching Statistics/Company Listings/Case Study/etc.
Replies: 25
Views: 926

Re: After-tax 401(k) Matching Statistics/Company Listings/etc.

David Jay wrote:
Wed Aug 21, 2019 12:23 pm
Apparently, after-tax matching is not allowed because the match is “income” and you must pay taxes (either now or deferred) on all income.
The OP wants the employer to give a [pre-tax] match to the after-tax contributions, not making the match after-tax.
by tfb
Mon Aug 19, 2019 11:53 pm
Forum: Personal Finance (Not Investing)
Topic: Paying credit card "current balance" vs. "statement balance"
Replies: 48
Views: 4495

Re: Paying credit card "current balance" vs. "statement balance"

Do I need to pay $1,000 (statement balance) or $500 (current balance) by my payment date in order to avoid any interest/finance charges or fees? Set up auto pay, choose "statement balance" and let the bank decide. Some banks will debit $1,000 regardless whether you have returns or statement credits...
by tfb
Mon Aug 19, 2019 9:47 am
Forum: Personal Finance (Not Investing)
Topic: Another NFCU CD deal [Navy Federal Credit Union]
Replies: 34
Views: 4554

Re: Another NFCU CD deal [Navy Federal Credit Union]

The rate on the 5-year certificate is lowered to 3.25% APY. The 18-month certificate is still 3.0% APY.
by tfb
Fri Aug 09, 2019 8:55 pm
Forum: Personal Investments
Topic: Own Closed Vanguard Fund in Roth, Want to Also Buy in Taxable
Replies: 13
Views: 1854

Re: Own Closed Vanguard Fund in Roth, Want to Also Buy in Taxable

GoldenPuppy wrote:
Fri Aug 09, 2019 5:57 pm
Is there a way to do this?
Transfer one share from Roth to taxable or become a Flagship customer. Withdrawing from Roth is tax free up to your cumulative direct contributions.
by tfb
Thu Aug 08, 2019 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: ACA refund vs subsidy
Replies: 6
Views: 426

Re: ACA refund vs subsidy

The subsidy sites keep talking about it being based on the silver plan, but does the fact that I have a bronze plan factor in at all? And the subsidy would just be in the form of a tax refund, right? The subsidy (premium tax credit) is the same no matter what plan you have but if your bronze plan i...
by tfb
Wed Aug 07, 2019 12:16 pm
Forum: Investing - Theory, News & General
Topic: Fidelity to shift billions of retirement assets into international stocks
Replies: 20
Views: 2423

Re: Fidelity to shift billions of retirement assets into international stocks

Fidelity is raising its allocation in international funds to 40% from 30% of equity assets in target-date portfolios, while cutting exposure to U.S. stock funds to 60% from 70%.
Vanguard did the same several years ago, which probably affected more billions of assets.
by tfb
Fri Aug 02, 2019 11:48 pm
Forum: Personal Investments
Topic: Buying Treasuries at Broker?
Replies: 7
Views: 607

Re: Buying Treasuries at Broker?

The confusing part was that for the same CUSIP number, Fido was advertising it as zero coupon, while Vanguard was marketing a small coupon rate. Why were the two brokers different. If it's a new issue, the coupon will be determined after the auction. Perhaps Fidelity is showing 0 as a shorthand for...
by tfb
Mon Jul 22, 2019 6:24 pm
Forum: Personal Investments
Topic: VBS statements, so change back to VG non-VBS
Replies: 7
Views: 742

Re: VBS statements, so change back to VG non-VBS

elpollo wrote:
Sun Jul 21, 2019 1:22 pm
I am not aware of any downside going back to non VBS
Are you sure they will let go back to non-VBS?
by tfb
Sat Jul 20, 2019 11:38 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Which is better, mutual funds or CDs?
Replies: 29
Views: 4120

Re: Larry Swedroe: Which is better, mutual funds or CDs?

Larry notes that in 401k and 529 plans, investors must use mutual funds. I own CDs in my Schwab 401(k). How were you able to achieve that? I'm guessing that they're brokered CDs, but it's obviously very unusual for someone to have that option in their 401k. Besides solo 401k, many workplace 401k pl...
by tfb
Sat Jul 20, 2019 10:55 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity Private Client Group
Replies: 49
Views: 14041

Re: Fidelity Private Client Group

One PCG benefit I like and use is free domestic wire transfers. Another potentially useful one is the waiver of minimum balance requirements for certain mutual funds. I sure wish these benefits were documented somewhere. Free domestic wire transfers aren't a PCG benefit any more. Fidelity made them...
by tfb
Fri Jul 19, 2019 9:52 pm
Forum: Personal Finance (Not Investing)
Topic: Income below100% FPL-danger of ACA subsidy?
Replies: 41
Views: 2963

Re: Income below100% FPL-danger of ACA subsidy?

Can't do tIRA to Roth this year but can do it next year. I still can't think of any situation why this would be the case. Maybe I'm missing something. In a Roth conversion you move the asset from a Traditional 401k-type plan or a Traditional IRA to a Roth IRA. You don't have to sell the asset. So e...
by tfb
Sat Jul 13, 2019 3:35 pm
Forum: Investing - Theory, News & General
Topic: From ex-dividend to distrubution where is my money?
Replies: 101
Views: 5785

Re: From ex-dividend to distrubution where is my money?

I have Verizon stock in my 401k. It went ex-dividend July 9th but my money won't be distributed until August 1st. Where is the $2,494.390,000, not all mine, sitting for three weeks? Verizon has it. They promised shareholders as of a certain date some money, to be distributed in the future. That's a...
by tfb
Wed Jul 10, 2019 10:37 pm
Forum: Personal Investments
Topic: Access to Fidelity eMoney
Replies: 19
Views: 2086

Re: Access to Fidelity eMoney

Try Fidelity Full View. It's powered by eMoney. https://www.fidelity.com/cash-management/full-view/www.fidelity.com/cash-management/full-view/overview Link broken. states We’re sorry The page you’re looking for is currently unavailable or no longer exists. Is this only accessible if you are an exis...
by tfb
Wed Jul 10, 2019 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: How to pay for international tour (USD to foreign country in USD)
Replies: 5
Views: 399

Re: How to pay for international tour (USD to foreign country in USD)

Is there a not-too-expensive way to set up a payment using my credit card to a debit card or such, to send a SWIFT payment? Not using your credit card, but doing a wire transfer through Fidelity or Vanguard will be less expensive and maybe free. You don't earn credit card rewards though. A wire tra...
by tfb
Tue Jul 09, 2019 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: How to obtain contracted rates for medical procedures?
Replies: 97
Views: 4171

Re: How to obtain contracted rates for medical procedures?

What? Are you saying that within your single network you can see different providers of the same type ie cardiologists etc and they charge different prices each? This is hard to believe. Usually if a large medical system is within the network then the smaller ones are not considered the same tier. ...
by tfb
Tue Jul 09, 2019 10:24 am
Forum: Personal Finance (Not Investing)
Topic: How to obtain contracted rates for medical procedures?
Replies: 97
Views: 4171

Re: How to obtain contracted rates for medical procedures?

3. Doesnt matter who it is. If its in network and the same tier then its the same price. Cant really shop This is not true, at least not in all places. Some providers affiliated with larger health networks, such as those mentioned in the OP, are able to receive higher rates from the same insurance ...
by tfb
Tue Jul 09, 2019 9:51 am
Forum: Personal Finance (Not Investing)
Topic: Another NFCU CD deal [Navy Federal Credit Union]
Replies: 34
Views: 4554

Re: Another NFCU CD deal

Bumping for better visibility. Back in Jan. 2014 when 5-year Treasury yield was about 1.7%, the PenFed 3.0% CD was hailed as a great deal. Today when 5-year Treasury yield is about 1.9%, the NavyFed CD at 3.5% is just even better.
by tfb
Mon Jul 08, 2019 9:50 pm
Forum: Personal Finance (Not Investing)
Topic: How to obtain contracted rates for medical procedures?
Replies: 97
Views: 4171

Re: How to obtain contracted rates for medical procedures?

My insurance company (Anthem) also is refusing to provide the contracted rates/allowable amount, basically claiming they don't know/won't provide them/ask the provider. (This whole thing striking me as absurd as both sides should know this information.) Anthem supposedly provides an online tool tha...
by tfb
Mon Jul 08, 2019 4:20 pm
Forum: Investing - Theory, News & General
Topic: Tax GAIN Harvesting
Replies: 21
Views: 2122

Re: Tax GAIN Harvesting

So do you sell those assets with the higher percentage gain or the lowest. Assume no matter what choice you will harvest the same dollar amount of gain. Any thoughts as to which is best and under what circumstances? Sell from assets with higher percentage gain, because those with lowest percentage ...
by tfb
Mon Jul 08, 2019 1:14 pm
Forum: Personal Investments
Topic: Automating Vanguard ETF Investment
Replies: 4
Views: 443

Re: Automating Vanguard ETF Investment

LobsterStrong wrote:
Mon Jul 08, 2019 1:06 pm
What do my fellow Bogleheads suggest?
1) Switch to the Index Fund versions of these funds and accept some higher expense ratio. You can calculate how much more the higher expense ratio actually costs you on $1,500 every two weeks. I'm guessing less than $10/year before tax.
by tfb
Sun Jul 07, 2019 6:44 pm
Forum: Personal Investments
Topic: Which "Checking" Account - Fidelity or SoFi
Replies: 6
Views: 772

Re: Which "Checking" Account - Fidelity or SoFi

Do I have to worry about SoFi being newer? Looks like their rate is a tad higher right now...have they been pretty close in the past? Because SoFi sets the rate on their own, they can set it higher than the market to attract new customers, or they can keep it below the market when they have enough ...
by tfb
Sun Jul 07, 2019 9:25 am
Forum: Personal Finance (Not Investing)
Topic: FitnessBank 3% savings with 12,500 daily steps - has anyone heard of them?
Replies: 26
Views: 4084

Re: FitnessBank 3% savings with 12,500 daily steps - has anyone heard of them?

I wouldn't do it with a small bank with only 28 employees. You are required to use their proprietary app to track the steps. Who knows what else that app tracks. You need 7,500 steps daily to hit a below-market 1.75% rate. It's not that hard to make it to 7,500 steps on the days when you walk but it...
by tfb
Fri Jul 05, 2019 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: Banking for Nomads
Replies: 28
Views: 3095

Re: Banking for Nomads

I have an account with Alliant FCU that does have have branches in airports, but I have yet to start using it much. I am mostly interested in no fee ATMs and a bank that is reliable and not difficult to deal with. You already have it. No fee to use Alliant card at many credit union ATMs all over th...
by tfb
Fri Jul 05, 2019 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: rolled over 401k to Vanguard
Replies: 9
Views: 738

Re: rolled over 401k to Vanguard

junglejet wrote:
Fri Jul 05, 2019 11:23 am
Follow up question......they offer a service at .03 percent to give advice and help select mutual funds. Thoughts ? way too cookie cutter?
Not .03 percent but 10x more at 0.3%. OK to use if you need help but should consider discontinuing after you are settled in a year or two.
by tfb
Tue Jul 02, 2019 11:18 am
Forum: Personal Investments
Topic: Pension (rollover IRA or stay put)?
Replies: 13
Views: 1033

Re: Pension (rollover IRA or stay put)?

Upon my separation from the company, the Immediate lump sum option is $175k that I could move to a Rollover IRA at Fidelity, Vanguard, etc. Other options are to leave it alone until I'm 65 (year 2035) and then they are forecasting the following options available at age 65: Lump Sum (at age 65) = $3...
by tfb
Mon Jul 01, 2019 2:47 pm
Forum: Personal Investments
Topic: HSA and small medical bills
Replies: 17
Views: 873

Re: HSA and small medical bills

I was wondering if you suggest that I pay these expenses out of pocket or via a small amount of cash in my HSA. It seems like it may not make sense to save the receipts for a $90 medical bill for the next 30+ years until I'm 65. Keep it simple. Either pay out of pocket and discard the receipt or pa...
by tfb
Mon Jul 01, 2019 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: What am I missing re: saving money on health insurance?
Replies: 4
Views: 465

Re: What am I missing re: saving money on health insurance?

intuitively, I'd have thought someone with ongoing health issues should get the platinum plan if possible. Not when the average person in the platinum plan has more health issues than you do. The premium is set for the average person in the group. People with more health issues are attracted to the...
by tfb
Sat Jun 29, 2019 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: Withdrew 6K Roth IRA cannot recontribute for 2019, wait till 2020?
Replies: 12
Views: 1394

Re: Withdrew 6K Roth IRA cannot recontribute for 2019, wait till 2020?

There is no way you can specify 2019 withdrawal of contribution, (atleast in Vanguard) here is their reply: Taking a distribution and returning current year's contributions (with earnings) are two distinct paths. You chose the former path when you used Vanguard's online process for a withdrawal. It...