Search found 7660 matches

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: 303
Views: 14453

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: 888

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: 15
Views: 1338

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: 15
Views: 1338

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: 5162

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: 980

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: 3981

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: 3981

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: 3981

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: 1065

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: 1220

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: 363

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: 358

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: 1530

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: 432

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: 16229

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: 432

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: 881

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: 6410

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: 6410

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: 6410

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: 6410

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: 6410

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: 6410

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: 881

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: 881

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: 881

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,...
by tfb
Wed Sep 27, 2017 11:13 pm
Forum: Investing - Theory, News & General
Topic: VG using outsourcing to call me & I'm not happy
Replies: 76
Views: 7027

Re: VG using outsourcing to call me & I'm not happy

I get a call from Vanguard and the number isn't Vanguard's customer service number, I'm going to be very suspicious that it's a legitimate call. Never trust a caller ID number. I don't have caller ID as I have Vanguard's customer service number saved as a contact on my cell phone. Even when the inc...
by tfb
Tue Sep 26, 2017 1:30 am
Forum: Personal Finance (Not Investing)
Topic: What is Max Non-Deductible Contributions I can Make to 401k
Replies: 17
Views: 1452

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

Yes, but people should be aware of it. They might want to reduce the maximum non-deductible contribution to allow the maximum self-employed health insurance deduction. You mean reduce the deductible contribution and actually increase the non-deductible contribution in order to allow the maximum sel...
by tfb
Mon Sep 25, 2017 9:17 pm
Forum: Personal Finance (Not Investing)
Topic: What is Max Non-Deductible Contributions I can Make to 401k
Replies: 17
Views: 1452

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

The health insurance deduction has nothing to do with it. It's a personal deduction, not a business expense. So the maximum non-deductible contribution would be 55849 - 3946 - 34381 = 17522. While it is not true in this case, the self-employed health insurance deduction can be limited to: Net busin...
by tfb
Mon Sep 25, 2017 9:14 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity Security
Replies: 66
Views: 6382

Re: Fidelity Security

stlutz wrote:
Fri Sep 08, 2017 11:41 pm
How does the VIP app really provide any extra security? To deactivate it all you have to do is call...
The voice print security validates who's calling.

https://www.fidelity.com/security/fidel ... e/overview
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: 17
Views: 1452

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: 1460

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: 10845

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: 568

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: 88
Views: 20113

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: 4580

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: 4580

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: 4580

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: 4580

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: 4580

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: 1946

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: 4580

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: 28
Views: 10107

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: 243

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: 1419

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: 1419

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: 838

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: 328

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: 66
Views: 6382

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 ...