Search found 455 matches

by Polaris
Sat Mar 30, 2019 10:02 am
Forum: Personal Finance (Not Investing)
Topic: [2018 tax return - How does it compare to previous years?]
Replies: 441
Views: 35437

Re: [2018 tax return - How does it compare to previous years?]

Effective tax rate dropped 5% from 18.4% to 13.4%: MFJ: itemized in 2017, standard deduction in 2018 Total income dropped slightly Taxable income increased slightly with switch to standard deduction and loss of personal exemptions Qualified for 20% deduction on qualified business income in 2018 Qual...
by Polaris
Tue Feb 19, 2019 3:11 pm
Forum: US Chapters
Topic: How many bogleheads do you know in real life?
Replies: 130
Views: 10498

Re: How many bogleheads do you know in real life?

My siblings are the most likely candidates, although we don't talk about investing much. My parents were pretty frugal and good savers, but their retirement assets were lower than I had assumed when I got a chance to see under the covers after my Dad died last year. My Mom has enough to be comfortab...
by Polaris
Thu Jan 31, 2019 9:20 am
Forum: Personal Investments
Topic: Fidelity solo 401k question
Replies: 15
Views: 760

Re: Fidelity solo 401k question

I just send mine in to the address in Cincinnati via USPS. It usually shows up in my account within a week.
by Polaris
Wed Jan 23, 2019 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: Any regrets not funding a 529?
Replies: 27
Views: 4023

Re: Any regrets not funding a 529?

We opened 529s for our kids when we got their SS cards in the mail after they were born with the hope of being able to fund an undergrad degree at a state school. We didn't get a state tax break until 2017, so not much help there other than a ~39% tax-free gain. My oldest started school this year an...
by Polaris
Wed Jan 23, 2019 9:28 am
Forum: Personal Consumer Issues
Topic: Gas station prices and quality
Replies: 116
Views: 14646

Re: Gas station prices and quality

Lastly, can you link to the mainstream vehicle manufacturers who recommend Top Tier gasoline? - I was recently in the market for a compact CUV (among the most popular & growing vehicle categories). - None of the top vehicles (Honda CR-V, Toyota Rav4, Mazda CX-5, Ford Escape) even mentions Top Tier ...
by Polaris
Mon Jan 21, 2019 9:33 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity Solo 401(k): Automatic Investments
Replies: 4
Views: 366

Re: Fidelity Solo 401(k): Automatic Investments

I don't believe that is possible. From their Contribution Remittance Form: Contributions will be deposited in each participant’s core account. Participants can place a trade in their account by going to Fidelity.com or by calling Fidelity. Heck, I'd be thrilled if I could do an electronic contributi...
by Polaris
Sat Oct 27, 2018 1:39 pm
Forum: Personal Finance (Not Investing)
Topic: Mapfre Insurance - Boston Area
Replies: 16
Views: 822

Re: Mapfre Insurance - Boston Area

Have used Commerce/Mapfre for home/auto/umbrella for years now with no issues. They do give discounts for AAA membership and donating to the Pan Mass Challenge, so those can be worthwhile if you end up going with them.
by Polaris
Tue Oct 23, 2018 3:06 pm
Forum: Personal Investments
Topic: Need advice on managing my mother's investments
Replies: 11
Views: 1260

Re: Need advice on managing my mother's investments

You may want to consider a fund-of-funds, like one of the Vanguard LifeStrategy funds, for the IRA if you can one that is a suitable asset-allocation. The expense ratio of a LifeStrategy is somewhat higher than if you use the component funds but its completely automatic rebalancing. There is less a...
by Polaris
Mon Mar 12, 2018 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard SEP IRA to Solo 401k Considerations
Replies: 5
Views: 680

Re: Vanguard SEP IRA to Solo 401k Considerations

I suppose you are not interested in making backdoor Roth contributions. If you are, basically you'll want to zero out your TD IRAs, including the SEP. Since Fidelity's SE-401(k) plans accept rollovers, you could roll over your Vanguard SEP IRA(s) into a Fidelity account(s) which will allow annual t...
by Polaris
Mon Mar 12, 2018 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard SEP IRA to Solo 401k Considerations
Replies: 5
Views: 680

Re: Vanguard SEP IRA to Solo 401k Considerations

In addition to no Admiral Shares, Vanguard 's Individual 401k does not accept rollovers even from their own SEP IRA. You can not maintain a 5305 SEP IRA in the same year as a 401k. Vanguard's SEP IRA is a 5305-SEP. If you have not contributed to the SEP IRA for 2018, you can adopt a Fidelity Self-E...
by Polaris
Mon Mar 12, 2018 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard SEP IRA to Solo 401k Considerations
Replies: 5
Views: 680

Vanguard SEP IRA to Solo 401k Considerations

I've had a Vanguard SEP IRA for 15+ years for my one person S Corp, and have been considering moving to a solo 401k to take advantage of employee contributions since I have been maxing out the employer profit-sharing contribution for many years. I've been waffling a bit on this though due to the var...
by Polaris
Thu Mar 08, 2018 10:03 pm
Forum: Personal Finance (Not Investing)
Topic: Advice for helping my newly-widowed mom
Replies: 30
Views: 2683

Re: Advice for helping my newly-widowed mom

My brother and I actually got their 2017 returns filed today, and I was thankful that the numbers matched what I came up with when doing them by hand. We had to correct a couple of errors for the death certificate, so hopefully that'll get straightened out and we'll get them soon. We still have to f...
by Polaris
Thu Mar 08, 2018 5:36 pm
Forum: Personal Finance (Not Investing)
Topic: Advice for helping my newly-widowed mom
Replies: 30
Views: 2683

Re: Advice for helping my newly-widowed mom

I wonder if Fidelity can help us sort that out. They can. That would be great. My parents have a Fidelity rep that they would occasionally meet in person, so my mom would be comfortable with that. My brother and I will be attending that meeting with her. I also figured out that my parents had their...
by Polaris
Thu Mar 08, 2018 5:09 pm
Forum: Personal Finance (Not Investing)
Topic: Advice for helping my newly-widowed mom
Replies: 30
Views: 2683

Re: Advice for helping my newly-widowed mom

The best option is for her to have his IRA retitled in her name so it belongs to her. What is the advantage to retitling it as opposed to rolling it over into her existing IRA? She can roll it over after it's retitled in her name. (And that 2018 RMD may have to come out first.) Thanks, I wonder if ...
by Polaris
Thu Mar 08, 2018 10:39 am
Forum: Personal Finance (Not Investing)
Topic: Advice for helping my newly-widowed mom
Replies: 30
Views: 2683

Re: Advice for helping my newly-widowed mom

Should we just roll my dad's IRA into my mom's, or are there other considerations? They both took their RMDs in 2017, but have no idea if that has to be handled in a different way for 2018 with an inherited IRA. The best option is for her to have his IRA retitled in her name so it belongs to her. I...
by Polaris
Thu Mar 08, 2018 10:27 am
Forum: Personal Finance (Not Investing)
Topic: Advice for helping my newly-widowed mom
Replies: 30
Views: 2683

Re: Advice for helping my newly-widowed mom

Check both your mom and dad's pension situation. In our case, for example, if my husband dies I would get 50% of his pension, but also my pension payment would go up to the "single life annuity" level, rather than the current joint level. Yes, that's on the list. I have no idea how the beneficiary ...
by Polaris
Thu Mar 08, 2018 10:24 am
Forum: Personal Finance (Not Investing)
Topic: Advice for helping my newly-widowed mom
Replies: 30
Views: 2683

Re: Advice for helping my newly-widowed mom

Sorry for your loss. It may not be much consolation but the government and corporate bureaucracies are well equipped to handle a death because it happens frequently. You won't be going through uncharted waters. One thing you'll need is many official copies of his death certificate from the county r...
by Polaris
Thu Mar 08, 2018 9:24 am
Forum: Personal Finance (Not Investing)
Topic: Advice for helping my newly-widowed mom
Replies: 30
Views: 2683

Re: Advice for helping my newly-widowed mom

They definitely did not have any life insurance. My Dad begrudgingly had term life when they needed it, but was not a fan when they were retired with no debt and enough assets to last them the rest of their lives. He told me a few years ago that they could live comfortably on their pensions and Soci...
by Polaris
Wed Mar 07, 2018 10:17 pm
Forum: Personal Finance (Not Investing)
Topic: Advice for helping my newly-widowed mom
Replies: 30
Views: 2683

Re: Advice for helping my newly-widowed mom

Wow, lots of good info. I'm going to need some time to slog my way through this. Thank you all!
by Polaris
Wed Mar 07, 2018 7:40 pm
Forum: Personal Finance (Not Investing)
Topic: Advice for helping my newly-widowed mom
Replies: 30
Views: 2683

Re: Advice for helping my newly-widowed mom

Condolences on your loss. Was there a will or a trust? Does someone have a Durable Power of Attorney for your mom? These are questions you need to determine early in the process and this will help you with direction from this point forward. Thank you, it still doesn't seem real at this point. :( Al...
by Polaris
Wed Mar 07, 2018 7:26 pm
Forum: Personal Finance (Not Investing)
Topic: Advice for helping my newly-widowed mom
Replies: 30
Views: 2683

Advice for helping my newly-widowed mom

My dad just passed away after recent cancer diagnosis and I'm trying to put together a list of all of the things we need to take care of and any potential gotchas I should be looking out for. My mom is the stereotypical spouse that wasn't interested in financial affairs, but my dad was a frugal save...
by Polaris
Fri Apr 14, 2017 3:25 pm
Forum: Personal Consumer Issues
Topic: Honda Pilot good 1st vehicle for teen?
Replies: 46
Views: 4893

Re: Honda Pilot good 1st vehicle for teen?

We did this last Fall when my teen got his license and it has been working out very well so far. He drives our 2004 Honda Pilot and we bought a new car for ourselves.
by Polaris
Mon May 02, 2016 10:10 am
Forum: Personal Finance (Not Investing)
Topic: I Bonds as tax refund: tracking down a missing one
Replies: 18
Views: 2815

Re: I Bonds as tax refund: tracking down a missing one

Well, the last one showed up today after being lost in the mail. The final summary in case it may help anyone else in a similar boat: On 4/18 the USPS delivered seven bonds On 4/21 the USPS delivered one bond On 4/23 the USPS delivered one bond in a rough looking envelope with the notation "Misdeliv...
by Polaris
Fri Apr 29, 2016 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: I Bonds as tax refund: tracking down a missing one
Replies: 18
Views: 2815

Re: I Bonds as tax refund: tracking down a missing one

I called up Treasury retail services, and after saying multiple times that I was positive that the envelopes weren't stuck together I was told that I have to wait 30 days before the bond can be claimed as missing. If it doesn't show up before then, I can call them back and they can send me a form to...
by Polaris
Thu Apr 28, 2016 7:46 am
Forum: Personal Finance (Not Investing)
Topic: I Bonds as tax refund: tracking down a missing one
Replies: 18
Views: 2815

Re: I Bonds as tax refund: tracking down a missing one

Thanks, great info! According to the Refund Status Results at irs.gov it may take up to three weeks from the date my refund was sent for the I Bonds to arrive in the mail.
by Polaris
Wed Apr 27, 2016 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: I Bonds as tax refund: tracking down a missing one
Replies: 18
Views: 2815

I Bonds as tax refund: tracking down a missing one

I was due a refund on my 2015 Federal tax return and elected to receive a portion of it in the form of paper I Bonds. On 4/18 the USPS delivered seven bonds On 4/21 the USPS delivered one bond On 4/23 the USPS delivered one bond in a rough looking envelope with the notation "Misdelivered to Newport ...
by Polaris
Thu Oct 29, 2015 2:50 pm
Forum: Personal Consumer Issues
Topic: Experience with 2014-16 Hyundai Santa Fe?
Replies: 14
Views: 2611

Re: Experience with 2014-16 Hyundai Santa Fe?

The one feature that I really don't like is that you have to hit accept the warning about using the radio while moving EVERY time you turn the car on. Unless someone knows how to get rid of this? That is an annoyance that I share. Newer versions of the GPS maps apparently make the warning time out ...
by Polaris
Fri Oct 16, 2015 2:17 pm
Forum: Personal Consumer Issues
Topic: Experience with 2014-16 Hyundai Santa Fe?
Replies: 14
Views: 2611

Re: Experience with 2014-16 Hyundai Santa Fe?

We've had a three row 2013 Santa Fe GLS AWD (first year of the current generation) for two years now and have been very pleased with it. It's used as a daily driver and was very pleasant for a family of four to take on a Washington DC vacation this year. The great warranty was one of the major selli...
by Polaris
Fri Jan 09, 2015 7:47 pm
Forum: Personal Finance (Not Investing)
Topic: S corp payroll: Paychex or Zen Payroll?
Replies: 21
Views: 4359

Re: S corp payroll: Paychex or Zen Payroll?

@Polaris – if you don't mind me asking, how much does Paychex charge you for officer payroll? I pay $615/yr for up to 4 payrolls, all fed/state taxes e-paid and all forms e-filed, year end W2. My last non-quarterly monthly payroll was $54.15 for the following items: Payroll Processing Taxpay Servic...
by Polaris
Fri Jan 09, 2015 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: S corp payroll: Paychex or Zen Payroll?
Replies: 21
Views: 4359

Re: S corp payroll: Paychex or Zen Payroll?

I am also the sole owner and employee of an S corp using Paychex since they acquired Interpay about a decade ago. I did have some minor growing pains when I set up my payroll back in the day, but they seem very minor compared to what your experience sounds like. It does seem like Paychex may have as...
by Polaris
Thu Jan 08, 2015 4:19 pm
Forum: Personal Consumer Issues
Topic: make mortgage payment with a credit card?
Replies: 33
Views: 53670

Re: make mortgage payment with a credit card?

I used to use the billpay function of my MBNA credit card to pay my mortgage every month, but that eventually disappeared by mid 2010 after Bank of America acquired MBNA. It didn't earn any cash back, but it allowed me to float my mortgage payment for an extra month when savings accounts were earnin...
by Polaris
Tue Jul 22, 2014 1:52 pm
Forum: Personal Consumer Issues
Topic: Anyone attend Worcester Polytechnic Institute
Replies: 45
Views: 5342

Re: Anyone attend Worcester Polytechnic Institute

My siblings both have undergrad Computer Science degrees from WPI. FWIW, neither had technical jobs when they were still in school, but had no problem finding employment upon graduation. I have a BSEE from UMASS and had technical jobs in school after my Sophomore and Junior years and also found a go...
by Polaris
Thu Jul 17, 2014 2:32 pm
Forum: Personal Consumer Issues
Topic: Who else hates choosing a car?
Replies: 150
Views: 22733

Re: Who else hates choosing a car?

I am currently driving a 2004 Honda Pilot while my wife drives the newer family car, so I found this post interesting. :D One thing I would be concerned about with a 2005 Pilot is the "dissimilar metal corrosion" problem at the joint where the ATF lines enter and exit the radiator that a few people ...
by Polaris
Tue Apr 08, 2014 1:33 pm
Forum: Personal Consumer Issues
Topic: Why Americans are Retiring Overseas
Replies: 109
Views: 15796

Re: Why Americans are Retiring Overseas

I seem to remember an article about retiring overseas in one of the popular personal finance magazines several years ago. One US couple went on a vacation (don't remember the exact location) and had a wonderful time. The people were friendly, the area was beautiful, and it was a very inexpensive pla...
by Polaris
Tue Apr 01, 2014 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: Maintenance $$'s spent over the lifetime on your Car
Replies: 38
Views: 4191

Re: Maintenance $$'s spent over the lifetime on your Car

I replaced a 15 year old car last year. While I probably could have hung on to it for a couple of more years, it was time. My wife would no longer drive it and the safety features were state of the art in 1998. Our oldest car is now 10+ years old, so I've got another replacement coming within the ne...
by Polaris
Sun Mar 30, 2014 12:37 pm
Forum: Personal Consumer Issues
Topic: Thoughts on New SUV Purchase
Replies: 14
Views: 2164

Re: Thoughts on New SUV Purchase

We did the search for a three row SUV last year to replace our fifteen year old Nissan Maxima and looked at some of the same models you're interested in. o My parents have a Mazda CX-9 they like very much and IMO it's a nice car inside and out. I eliminated it from consideration due to crash ratings...
by Polaris
Fri Mar 28, 2014 10:48 am
Forum: Investing - Theory, News & General
Topic: Why does a Boglehead move to an adviser at 1.25% AUM?
Replies: 63
Views: 6797

Re: Why does a Boglehead move to an adviser at 1.25% AUM?

Leif wrote:Looks like this thread has run its course.
Yes, things tend to turn out predictably when you ask a bunch of Bogleheads about investment expenses. We are what we are, right? :mrgreen:

Thanks all!
by Polaris
Thu Mar 27, 2014 1:11 pm
Forum: Investing - Theory, News & General
Topic: Why does a Boglehead move to an adviser at 1.25% AUM?
Replies: 63
Views: 6797

Re: Why does a Boglehead move to an adviser at 1.25% AUM?

If you have a real concern for your friend, send him a message stating: "Here are some facts I looked into for you. After today I will never bring up this topic again" And then lay out some of the things described in this thread. After that he can make whatever decision he wants to and leave it at ...
by Polaris
Thu Mar 27, 2014 10:11 am
Forum: Investing - Theory, News & General
Topic: Why does a Boglehead move to an adviser at 1.25% AUM?
Replies: 63
Views: 6797

Re: Why does a Boglehead move to an adviser at 1.25% AUM?

The tax thing maybe, but why not retain a lawyer or accountant on a fixed fee? If he's in the "two comma club" he's paying at least $12,500/year for this tax advice. The others may be valid concerns but the validity of the FA as a solution depends on the ability of the advisor to actually, "put tog...
by Polaris
Thu Mar 27, 2014 10:06 am
Forum: Personal Investments
Topic: Leaving 401k money at previous employer
Replies: 9
Views: 1377

Re: Leaving 401k money at previous employer

I've had money in a 401k at Fidelity from a previous employer for more than a decade. I didn't enjoy working there very much, but they did offer excellent employee benefits. Their 401k has several good options, but my balance there is 100% allocated to the Vanguard Total International Stock Index Fu...
by Polaris
Thu Mar 27, 2014 6:39 am
Forum: Investing - Theory, News & General
Topic: Why does a Boglehead move to an adviser at 1.25% AUM?
Replies: 63
Views: 6797

Re: Why does a Boglehead move to an adviser at 1.25% AUM?

Doesn't Vanguard provide free access to advisors if you have a million or more? I know Schwab is starting to offer more free advisory services for those with $500K or more with them ... Absolutely, but they likely would have come up with a plan very similar to what he was already doing. I'm guessin...
by Polaris
Wed Mar 26, 2014 6:42 pm
Forum: Investing - Theory, News & General
Topic: Why does a Boglehead move to an adviser at 1.25% AUM?
Replies: 63
Views: 6797

Re: Why does a Boglehead move to an adviser at 1.25% AUM?

OP, I am missing the intent of your post. Is it whether you should do what your friend is doing? Whether you should try to convince him otherwise? Or (what I think it is) WHY did your friend change? The latter question involves your friend's psychological and behavioral makeup and you couldn't answ...
by Polaris
Wed Mar 26, 2014 4:15 pm
Forum: Investing - Theory, News & General
Topic: Why does a Boglehead move to an adviser at 1.25% AUM?
Replies: 63
Views: 6797

Re: Why does a Boglehead move to an adviser at 1.25% AUM?

Polaris: There are many good reasons for using a financial adviser. You have listed several in your opening post. There are also good reasons for not using a financial adviser--especially one charging high fees (1.25% of assets = ~20% of average returns). Consider the simple Three Fund Portfolio . ...
by Polaris
Wed Mar 26, 2014 3:45 pm
Forum: Investing - Theory, News & General
Topic: Why does a Boglehead move to an adviser at 1.25% AUM?
Replies: 63
Views: 6797

Why does a Boglehead move to an adviser at 1.25% AUM?

I have an acquaintance on another forum that I have come to respect very much as a fellow investor over the past few years. Until about a year ago, this person was a vocal proponent of low investment costs, simple and well diversified portfolios, tax efficiency, and staying the course. That changed ...
by Polaris
Wed Mar 26, 2014 3:08 pm
Forum: Personal Investments
Topic: Vanguard doesn't put SEP-IRA deposit slips online? Really?
Replies: 12
Views: 944

Re: Vanguard doesn't put SEP-IRA deposit slips online? Reall

I continue to get paper statements since I make my SEP contributions with a deposit slip and check sent via USPS. I would prefer to do it electronically, but seem to remember it being a convoluted PITA because my Vanguard SEP IRA account is obviously owned by me the individual and my business bank a...
by Polaris
Tue Mar 25, 2014 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: Teaching Kids Money Management (under age 10)
Replies: 11
Views: 1615

Re: Teaching Kids Money Management (under age 10)

We don't give our kids an allowance, but I did buy paper I bonds with the cash they got for gifts when they were little. I periodically review the balances with them and they like to see their modest savings grow. A couple of years ago we opened a Capital One 360 bank account for kids for them and t...
by Polaris
Thu Mar 06, 2014 4:08 pm
Forum: Personal Consumer Issues
Topic: PenFed v. Truecar v. BJs v. Costco auto buying
Replies: 30
Views: 30257

Re: PenFed v. Truecar v. BJs v. Costco auto buying

I got a quote from Penfed's car buying service when I bought a Hyundai Santa Fe last fall (the Penfed service IS re-branded Truecar). Via email negotiation I negotiated a price of about $32.6k before incentives, which was pretty good when compared to the Penfed quote of $33.8k for the same car. Not ...
by Polaris
Thu Feb 27, 2014 1:48 pm
Forum: Personal Consumer Issues
Topic: Car Seats: Leather or Cloth with Kids?
Replies: 46
Views: 11972

Re: Car Seats: Leather or Cloth with Kids?

We've had both and I found the cloth seats to be better for when the kids were in infant/toddler car seats (a snug installation was much easier to achieve). Our leather seats also had some permanent indentation damage from the car seats even though we had a non-slip pad between the two surfaces. Now...
by Polaris
Tue Feb 25, 2014 5:05 pm
Forum: Personal Consumer Issues
Topic: Best car tire air pump?
Replies: 17
Views: 6447

Re: Best car tire air pump?

I have no personal experience with it, but a Black & Decker ASI300 Air Station Inflator came very highly recommended on another forum.
by Polaris
Tue Feb 25, 2014 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: CPA / tax adviser in Massachusetts?
Replies: 2
Views: 380

Re: CPA / tax adviser in Massachusetts?

I use a CPA with an MST out of New Bedford. I don't use him for investment advice, but he is personable and knowledgeable about my personal and small business tax situation. Feel free to PM if interested.