Search found 7597 matches

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: 1486

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: 19
Views: 873

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: 644

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: 4373

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 ...
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: 1042

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 f...
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: 2448

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 f...
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: 4731

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 int...
by tfb
Sun Jul 09, 2017 11:07 pm
Forum: Personal Consumer Issues
Topic: Induction Stoves?
Replies: 11
Views: 829

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: 4731

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: 5970

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: 1505

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: 1861

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: 5399

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: 1586

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: 661

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: 1059

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: 1677

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: 1677

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...
by tfb
Sun Apr 09, 2017 2:14 am
Forum: Personal Finance (Not Investing)
Topic: form 8606 basis question.
Replies: 30
Views: 1677

Re: form 8606 basis question.

This seems not much different than a capital loss carryover, that one may use from one year to the next even though the equity that sustained the loss is now completely gone. 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 ...
by tfb
Sat Apr 08, 2017 11:22 pm
Forum: Personal Finance (Not Investing)
Topic: form 8606 basis question.
Replies: 30
Views: 1677

Re: form 8606 basis question.

As the OP showed just putting $86 on the previous year's form does not mean it's carried over to the following year. Except the IRS instructions seem unambiguous If you left something in the IRA I bet TurboTax carries it over just fine. It's not like they don't know how to carry it over. Someone we...
by tfb
Sat Apr 08, 2017 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: Money software user & Chase Bank's discontinuance of its support
Replies: 9
Views: 795

Re: Money software user & Chase Bank's discontinuance of its support

I'm a holdover Money s.w. user. I just learned this morning from Chase's tech team that Chase will no longer support Money in downloading checking account transactions to Money s.w. You can download the Quicken format and import it into Money. With some tweaks you can make it automatic. I saw this ...
by tfb
Sat Apr 08, 2017 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: form 8606 basis question.
Replies: 30
Views: 1677

Re: form 8606 basis question.

But TT did in fact carry over the basis by putting $86 on line 14 even though the IRA was completely drained. It's a conundrum, Harry. I consider you one of the brightest and most knowledgeable posters on the board, but I cannot seem to grasp your viewpoint on this issue. Its frustrating. And a lit...
by tfb
Sat Apr 08, 2017 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: Money software user & Chase Bank's discontinuance of its support
Replies: 9
Views: 795

Re: Money software user & Chase Bank's discontinuance of its support

cjonblanchard wrote:I'm a holdover Money s.w. user. I just learned this morning from Chase's tech team that Chase will no longer support Money in downloading checking account transactions to Money s.w.

You can download the Quicken format and import it into Money. With some tweaks you can make it automatic.
by tfb
Sat Apr 08, 2017 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: Free FICO score?
Replies: 16
Views: 1333

Re: Free FICO score?

Bank of America, Barclaycard, American Express. No extra signup when you already have a card with them.
by tfb
Sat Apr 08, 2017 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: How to get out of ACA limbo situation?
Replies: 12
Views: 1246

Re: How to get out of ACA limbo situation?

Bottom line question: Can I, in fact, buy through CoveredCA without any advance subsidy or premium reduction and still claim the full subsidy when filing 2017 taxes? Are there any traps I need to watch out for doing this? Yes. However, if you qualify for cost-sharing subsidy (low deductible, copay,...
by tfb
Sat Apr 08, 2017 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: form 8606 basis question.
Replies: 30
Views: 1677

Re: form 8606 basis question.

I wish we knew the definitive answer to this. Some people say "yes" and some people say "no". And it appears from what has been reported here that different software may give different answers. TurboTax apparently also said "no." It's not a bug. I'd go with it, consist...
by tfb
Tue Apr 04, 2017 9:43 am
Forum: Investing - Help with Personal Investments
Topic: Can I open a traditional IRA (then convert to Roth) if I have a SEP?
Replies: 6
Views: 600

Re: Can I open a traditional IRA (then convert to Roth) if I have a SEP?

2016 was the first year I filed taxes as a 1099 independent contractor. Due to this, I qualified to open a SEP-IRA. I funded the amount I qualified for due to my income and it was a little over $2,000. My question is, can I still open a traditional IRA for the tax year of 2016 despite having a SEP-...
by tfb
Tue Apr 04, 2017 9:32 am
Forum: Personal Finance (Not Investing)
Topic: form 8606 basis question.
Replies: 30
Views: 1677

Re: form 8606 basis question.

Is the basis from a loss not allowed to be carried forward? I wish we knew the definitive answer to this. Some people say "yes" and some people say "no". And it appears from what has been reported here that different software may give different answers. TurboTax apparently also ...
by tfb
Sat Apr 01, 2017 10:37 pm
Forum: Personal Finance (Not Investing)
Topic: Bank of America/Merrill Edge - Preferred Rewards
Replies: 378
Views: 66458

Re: Bank of America/Merrill Edge - Preferred Rewards

Where can I find the full list of what counts as travel ? m A travel credit is applied as a statement credit to your account to offset travel Purchases from qualifying merchants in these travel-related categories: airlines, hotels, motels, timeshares, trailer parks, motor home and recreational vehi...
by tfb
Sat Mar 25, 2017 9:59 pm
Forum: Personal Finance (Not Investing)
Topic: Choosing HDHP Versus Plan with No Premiums
Replies: 22
Views: 1567

Re: Choosing HDHP Versus Plan with No Premiums

Is it true that if your spouse is on her own employer provided health plan she can also be on your high deductible plan as secondary insurance and by doing so you qualify to contribute the family max rather than individual max to the HSA? Is this unique to your situation or generically true? I swit...
by tfb
Sat Mar 25, 2017 9:50 pm
Forum: Personal Finance (Not Investing)
Topic: Bank of America bogus late payment fee.[temporary software glitch, gone now]
Replies: 52
Views: 4500

Re: Bank of America bogus late payment fee.

Simply don't cut it too close. This type of automatic payment is supposed to have a guaranteed crediting date. This totally takes the whole timing issue out of the picture. There's no such thing as cutting it close in this kind of setup. Assuming the money is in the bank that I have permitted them ...
by tfb
Sat Mar 25, 2017 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: Bank of America bogus late payment fee.[temporary software glitch, gone now]
Replies: 52
Views: 4500

Re: Bank of America bogus late payment fee.

They used to have a site choosedirectdebit.bankofamerica.com that would let you set up automatic payments from a checking account at another bank (like it works with a real credit card company)... but, unsurprisingly, they have broken/discontinued this page. It now directs you to log into online ba...
by tfb
Sat Mar 25, 2017 6:51 pm
Forum: Personal Finance (Not Investing)
Topic: Bank of America bogus late payment fee.[temporary software glitch, gone now]
Replies: 52
Views: 4500

Re: Bank of America bogus late payment fee.

Facts: I have a BoA credit card (actually a few). I use BoA's own Bill Pay* to automatically pay the BoA credit card (from another bank). This had been working fine, but this time even though it says $X payment "Processed" on the BoA Bill Pay, and the BoA credit card page has $X "pen...
by tfb
Sat Mar 25, 2017 2:34 pm
Forum: Investing - Theory, News & General
Topic: When can you transfer in kind?
Replies: 23
Views: 1922

Re: When can you transfer in kind?

So my question is, when the time comes, should I expect to be able to transfer out of my 401a, 403b, 457b in kind and not have to go to cash for the transfer? At best it can only be done within the same institution that manages your 401a, 403b, or 457b. I did it at Fidelity, from a Fidelity managed...
by tfb
Sat Mar 25, 2017 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: Choosing HDHP Versus Plan with No Premiums
Replies: 22
Views: 1567

Re: Choosing HDHP Versus Plan with No Premiums

Here is how I am looking at the benefit of staying on my company's HDHP: For two people: Plan costs $65/month ($780/year), and employer contribution to HSA is $2,200. 25% tax break on remaining $4,550 HSA contribution. Total HSA benefit = $2,200 + ($4,550*0.25) - $780 = $2,557.50 For individual: Pl...
by tfb
Sun Mar 19, 2017 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: Paying $20 to E-File State Return
Replies: 75
Views: 13496

Re: Paying $20 to E-File State Return

Old thread, but same question: H&R Block software Deluxe + State - you have to pay $20 to e-file the State return through the program. How many folks here just pay it, file it electronically, and move on with life? how many 'print' the return and mail? Note: not looking for reviews of other pro...
by tfb
Sun Mar 19, 2017 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: How to report HSA gains in CA return? (H&R block software)
Replies: 19
Views: 1387

Re: How to report HSA gains in CA return? (H&R block software)

For dividends and interest, it's easy. Make a fake 1099DIV entry that is tax-free for federal but taxable for CA. It would basically be the equivalent of dividends/interest from a nationwide muni bond fund. For capital gains, TaxAct allowed me to update line 13 of the CA Adjustment form to make the...
by tfb
Sat Mar 18, 2017 11:03 pm
Forum: Personal Finance (Not Investing)
Topic: How to report HSA gains in CA return? (H&R block software)
Replies: 19
Views: 1387

Re: How to report HSA gains in CA return? (H&R block software)

For dividends and interest, it's easy. Make a fake 1099DIV entry that is tax-free for federal but taxable for CA. It would basically be the equivalent of dividends/interest from a nationwide muni bond fund. For capital gains, TaxAct allowed me to update line 13 of the CA Adjustment form to make the...
by tfb
Sat Mar 18, 2017 1:05 pm
Forum: Investing - Theory, News & General
Topic: DALBAR report methodological flaws - Prof. Pfau
Replies: 29
Views: 2820

Re: DALBAR report methodological flaws - Prof. Pfau

As for me personally, I cannot recall ever having seen it discussed, including here on the forum, prior to Pfau's article. Conversely, I have seen lots of discussion of the point that TFB raised some years ago, which is that investor returns for a DCA'ing investor will be different from investment ...
by tfb
Thu Mar 16, 2017 8:48 am
Forum: Investing - Help with Personal Investments
Topic: Switching to Vanguard
Replies: 7
Views: 752

Re: Switching to Vanguard

Take a look and see if these calculations are correct- Current Portfolio- Initial Deposit 9-16-16 $59582.69 Current Balance 3-15-17 $63802.62 Rate of Return 7.08% Average of Expense Ratios 1.01% AUM Fee 1.0% Net Return 5.07% They don't look correct to me. Are these actual values from your account? ...
by tfb
Thu Mar 16, 2017 8:40 am
Forum: Personal Finance (Not Investing)
Topic: Trying to transfer a Roth IRA and this Medallion Signature requirement is driving me nuts!
Replies: 67
Views: 5207

Re: Trying to transfer a Roth IRA and this Medallion Signature requirement is driving me nuts!

So I am at a loss... where do I go to get a Medallion Signature on this Vanguard paperwork, when neither the current brokerage nor the eventual future brokerage have local offices to me, and my local bank where I hold accounts can't do it either? If you have an account with another broker with a lo...
by tfb
Tue Mar 14, 2017 10:00 pm
Forum: Personal Finance (Not Investing)
Topic: Advertised jumbo loan from Wells Fargo vs quote from consignment lender
Replies: 3
Views: 355

Re: Advertised jumbo loan from Wells Fargo vs quote from consignment lender

What I want to know is: (a) Is she [lying to us --admin LadyGeek] ; (b) Is she right; and If she's right about the WF advertised rate (4.25%, 0 points, above) being "bait" — what could I realistically expect to get from Wells Fargo? Would the rate + points package I could reasonably expec...
by tfb
Tue Mar 14, 2017 8:25 pm
Forum: Investing - Theory, News & General
Topic: DALBAR report methodological flaws - Prof. Pfau
Replies: 29
Views: 2820

Re: DALBAR report methodological flaws - Prof. Pfau

Here is the older article that Prof. Pfau quoted in his own writeup, making a similar point: https://www.advisorperspectives.com/articles/2014/06/17/a-simple-explanation-for-dalbar-s-misleading-results The latest from Prof. Pfau is much different. I thought it was just an artifact of the sequence o...
by tfb
Sat Mar 11, 2017 11:47 pm
Forum: Personal Finance (Not Investing)
Topic: checking account debit at the speed of light
Replies: 14
Views: 1774

Re: checking account debit at the speed of light

There are two types of debits, online debit and offline debit, which have nothing to do with whether you did it online or not. Online debit is immediate. Offline debit takes an authorization first, which you may see as pending, and then the pending becomes real. This provider did an online debit. Mo...
by tfb
Sun Mar 05, 2017 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax 1099-R issues
Replies: 3
Views: 603

Re: TurboTax 1099-R issues

Goblue97 wrote:The problem is that I am faking out the software on the "partial recharacterization".

Did others that did this type of transaction on TurboTax handle it the same way?

You break the one 1099-R into two. One 1,696 with no basis to traditional. One 18,429 with the basis to Roth.
by tfb
Sat Mar 04, 2017 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: IRA trustee-to-trustee transfer
Replies: 3
Views: 295

Re: IRA trustee-to-trustee transfer

No 1099-R will be issued for transfers. No need to report either.
by tfb
Sat Mar 04, 2017 1:39 pm
Forum: Personal Consumer Issues
Topic: Bank of America vs Chase
Replies: 36
Views: 4877

Re: Bank of America vs Chase

I only use BofA as a conduit for employer direct deposit and paying bills, no mortgage/HELOC or anything. Their website is good IMO. In that case how does the lack of B of A ATMs and branches affect you? Direct deposit still works. Paying bills still works. With the right setup (see Preferred Rewar...
by tfb
Fri Mar 03, 2017 10:22 pm
Forum: Personal Finance (Not Investing)
Topic: To move or not to move (employer sponsored HSA raising wrap fee)
Replies: 5
Views: 419

Re: To move or not to move (employer sponsored HSA raising wrap fee)

True. But I'd have to balance that with Saturna's calendar-year inactivity fee of $25. $12.50 if the account has only mutual funds. So make it one-time $15 vs $56 savings each and every year. That's what I'm afraid of. Thanks for the negative anecdote. That's more inspiration to stay put for a whil...
by tfb
Fri Mar 03, 2017 9:25 pm
Forum: Personal Finance (Not Investing)
Topic: To move or not to move (employer sponsored HSA raising wrap fee)
Replies: 5
Views: 419

Re: To move or not to move (employer sponsored HSA raising wrap fee)

So I'm trying to decide whether the savings is worth the hassle to move my HSA and commit to a program of moving a year's worth of contributions each year. You don't have to move each year. After you build up $2,000 in the 5/3 HSA, you can invest the additional money as you do now. You are then bas...