Search found 2281 matches

by student
Wed Aug 15, 2018 6:19 am
Forum: Personal Finance (Not Investing)
Topic: Brokerage checking: Fidelity, Schwab, or Vanguard
Replies: 21
Views: 1526

Re: Brokerage checking: Fidelity, Schwab, or Vanguard

If you have enough assets to qualify for Vanguard Advantage ($500K minimum in Vanguard funds), then you will also qualify for Fidelity's Premium Services ($250K in ANY assets held at Fidelity). This means you will be eligible for ATM service fee rebates even on the normal Fidelity brokerage account...
by student
Wed Aug 15, 2018 6:14 am
Forum: Investing - Help with Personal Investments
Topic: Choosing a retirement plan
Replies: 7
Views: 417

Re: Choosing a retirement plan

jkrm wrote:
Wed Aug 15, 2018 6:05 am
Thanks. I think she would be in the Maryland State Retirement and Pension System, which is a little below 70% funded ratio. Is that well funded?
You may want to take a look at https://www.actuary.org/files/80_Percen ... 071912.pdf
by student
Wed Aug 15, 2018 5:40 am
Forum: Investing - Help with Personal Investments
Topic: Choosing a retirement plan
Replies: 7
Views: 417

Re: Choosing a retirement plan

To me, the main issue is the whether the pension system is well-funded. Another question is whether she is a faculty member, if so, does she plan to move into administration which will boost her pay and whether this counts in the pension calculation as faculty pay is usually 9 or 10 months but admin...
by student
Tue Aug 14, 2018 5:08 am
Forum: Investing - Help with Personal Investments
Topic: Help explain TIAA Traditional to me
Replies: 20
Views: 1363

Re: Help explain TIAA Traditional to me

For the liquidity restrictions and choices available I would ask TIAA directly. Options, rates, liquidity restrictions are not universal and vary by institution and plan. It is a good suggestion to ask TIAA directly. I do not understand your statement "Options, rates, liquidity restrictions are not...
by student
Tue Aug 14, 2018 4:52 am
Forum: Investing - Help with Personal Investments
Topic: Funding 403(b) as Wife Starts Full-time Teaching Career
Replies: 8
Views: 554

Re: Funding 403(b) as Wife Starts Full-time Teaching Career

The 403(b) has good funds that can be used for roughly a 5-fund portfolio. Vanguard Total Intl Stock Index Institutional VTSNX 0.09 Vanguard Small Cap Index Admiral VSMAX 0.06 Vanguard Mid Cap Index Inst VMCIX 0.05 Vanguard Institutional Index Inst VINIX 0.04 Vanguard Total Bond Market Index Admiral...
by student
Mon Aug 13, 2018 9:02 pm
Forum: Investing - Help with Personal Investments
Topic: Help explain TIAA Traditional to me
Replies: 20
Views: 1363

Re: Help explain TIAA Traditional to me

Just a data point. I essentially use TIAA Traditional for my fixed income.
by student
Sun Aug 12, 2018 12:29 pm
Forum: Personal Consumer Issues
Topic: Tipping lawn service and trash pickup
Replies: 17
Views: 1162

Re: Tipping lawn service and trash pickup

Personally I won't tip cash regularly for these services but if you want to be generous, there is nothing wrong by doing it either. However please don't give beer. If they drink it and get into an accident, you may get sued.
by student
Sun Aug 12, 2018 10:20 am
Forum: Personal Finance (Not Investing)
Topic: how much car can we afford?
Replies: 128
Views: 5429

Re: how much car can we afford?

You can afford a $40,000 car on a $300,000 compensation.
by student
Sun Aug 12, 2018 10:19 am
Forum: Investing - Help with Personal Investments
Topic: Helping Parents with Retirement
Replies: 24
Views: 2067

Re: Helping Parents with Retirement

When you transfer the IRA, don't forget to get a bonus. viewtopic.php?t=196884
by student
Sun Aug 12, 2018 10:06 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review, Age 31, $1.5 million net worth
Replies: 27
Views: 5632

Re: Portfolio Review, Age 31, $1.5 million net worth

Congratulations. You are in the top 1% of your age group (net worth not including home equity).
by student
Sun Aug 12, 2018 10:02 am
Forum: Investing - Help with Personal Investments
Topic: 3 funds now, or start off with 2?
Replies: 17
Views: 1079

Re: 3 funds now, or start off with 2?

I agree with others that you can start the 3 funds now. Fidelity has no minimum so you can start investing right away.
by student
Sun Aug 12, 2018 8:47 am
Forum: Investing - Help with Personal Investments
Topic: Old dog needs to learn to manage his investments
Replies: 60
Views: 4967

Re: Old dog needs to learn to manage his investments

Others have already gave good advice. I would like to point out that you are not doing bad at all. At $600,000, without home equity, puts you in the top 21% in your age group. https://dqydj.com/net-worth-by-age-calc ... ed-states/
by student
Sun Aug 12, 2018 7:57 am
Forum: Personal Consumer Issues
Topic: How often do you check your brokerage accounts
Replies: 72
Views: 4336

Re: How often do you check your brokerage accounts

Once a week to once a quarter depending on the account.
by student
Sun Aug 12, 2018 7:48 am
Forum: Investing - Help with Personal Investments
Topic: New to the Vanguard approach and in mid 40's - how would you start?
Replies: 13
Views: 1171

Re: New to the Vanguard approach and in mid 40's - how would you start?

Yes. Relax. It is not too late. At 44, with $375,000 net worth, not including home equity, already put you in the top 13% in your age group. https://dqydj.com/net-worth-by-age-calc ... ed-states/
by student
Sat Aug 11, 2018 8:31 am
Forum: Personal Finance (Not Investing)
Topic: Canadian Citizen and Resident
Replies: 7
Views: 527

Re: Canadian Citizen and Resident

ETF’s are hard to dollar cost average via monthly contributions cause of commissions. Perhaps the most inexpensive way is to buy the Canadian brokerages index fund equivalent even though their MER is higher than the States? It depends. The Canadian index fund equivalents can be a *lot* higher. Thus...
by student
Sat Aug 11, 2018 7:55 am
Forum: Personal Finance (Not Investing)
Topic: Financial Advisor Mandatory?
Replies: 36
Views: 3024

Re: Financial Advidor Mandatory?

I don't think anybody on this forum will recommend that you get a financial advisor. If you absolutely do not want to spend any time on investment, then just use a target fund, preferably low cost and index, such as those from Vanguard or Fidelity.
by student
Thu Aug 09, 2018 9:42 am
Forum: Personal Finance (Not Investing)
Topic: Ask for extension or turn down job offer?
Replies: 22
Views: 1341

Re: Ask for extension or turn down job offer?

A friend of my son living with us this summer just received an offer for next summer, after an internship. This continues to be a common practice. I would have your son sit down and have a honest conversation with one of the production leaders. (not HR) Explain that he enjoyed the internship and is...
by student
Sun Aug 05, 2018 9:33 pm
Forum: Investing - Help with Personal Investments
Topic: $100k Liquid, 21, no college education
Replies: 25
Views: 2429

Re: $100k Liquid, 21, no college education

I am very impressed with what you have done. I would have thought that customers would want to see the founder have training in CS and entrepreneurship, since this is what the students will be learning. This just shows how little I know.
by student
Sun Aug 05, 2018 9:21 pm
Forum: Investing - Help with Personal Investments
Topic: From TD Ameritrade to ...
Replies: 19
Views: 1424

Re: From TD Ameritrade to ...

I have brokerage accounts with Scottrade, TDA, Fidelity, ME, Etrade and Schwab at one point. I find them all quite good with little difference. If I have to pick one, I would say Schwab.
by student
Sun Aug 05, 2018 8:46 am
Forum: Personal Finance (Not Investing)
Topic: Earn 1.5% on your checking account without the usual hoops (at Fidelity)
Replies: 34
Views: 1856

Re: Earn 1.5% on your checking account without the usual hoops (at Fidelity)

I see. So cash manager will stop taking money from the brokerage account if only stock and bond are available. That's good to know. I opened a separate Fidelity cash management account recently because I do not want to use the cash management feature of the brokerage account directly. I was wonderi...
by student
Sun Aug 05, 2018 8:44 am
Forum: Personal Finance (Not Investing)
Topic: Earn 1.5% on your checking account without the usual hoops (at Fidelity)
Replies: 34
Views: 1856

Re: Earn 1.5% on your checking account without the usual hoops (at Fidelity)

However, note the following. 1) Debit card from a Cash Management Account will reimburse fees from international ATM but not for debit card from brokerage. This is incorrect. I have been reimbursed for all ATM fees. Though I am Private Client and that may make a difference. Being a Private Client c...
by student
Sun Aug 05, 2018 8:42 am
Forum: Personal Finance (Not Investing)
Topic: Earn 1.5% on your checking account without the usual hoops (at Fidelity)
Replies: 34
Views: 1856

Re: Earn 1.5% on your checking account without the usual hoops (at Fidelity)

You don't have to go to that much trouble. Just buy SPAXX in your Cash Management Account. When you have insufficient funds in your core position. Fidelity will sell enough of whatever money market funds you have in the CMA to cover the debit. I have been doing this since it was originally the MySm...
by student
Sun Aug 05, 2018 8:39 am
Forum: Personal Finance (Not Investing)
Topic: Earn 1.5% on your checking account without the usual hoops (at Fidelity)
Replies: 34
Views: 1856

Re: Earn 1.5% on your checking account without the usual hoops (at Fidelity)

CDub wrote:
Sun Aug 05, 2018 8:37 am
Yes, that was my point in response to his post above. SPAXX cannot be the core position in the cash management account. You could purchase it manually though as he mentioned.
ok. I missed the manual part.
by student
Sun Aug 05, 2018 8:39 am
Forum: Personal Finance (Not Investing)
Topic: Earn 1.5% on your checking account without the usual hoops (at Fidelity)
Replies: 34
Views: 1856

Re: Earn 1.5% on your checking account without the usual hoops (at Fidelity)

I guess I don't even have a "Cash Management Account". SPAXX is my "core account" position at Fidelity. I have checks that Fidelity provides that draw directly from that account & fund. Plus Billpay debits, direct pulls, etc. Can you get a debit card on that account? I actually hadn’t even consider...
by student
Sun Aug 05, 2018 8:34 am
Forum: Personal Finance (Not Investing)
Topic: Earn 1.5% on your checking account without the usual hoops (at Fidelity)
Replies: 34
Views: 1856

Re: Earn 1.5% on your checking account without the usual hoops (at Fidelity)

You don't have to go to that much trouble. Just buy SPAXX in your Cash Management Account. When you have insufficient funds in your core position. Fidelity will sell enough of whatever money market funds you have in the CMA to cover the debit. I have been doing this since it was originally the MySm...
by student
Sun Aug 05, 2018 8:33 am
Forum: Personal Finance (Not Investing)
Topic: Earn 1.5% on your checking account without the usual hoops (at Fidelity)
Replies: 34
Views: 1856

Re: Earn 1.5% on your checking account without the usual hoops (at Fidelity)

Good post. I am somewhat cautious with this type of setup. If there is fraud and the checking account get hit, I do not want it to automatically take money from my brokerage account. That’s a good point, however, the cash manager does not “sell” anything except money market and cash equivalents. Ie...
by student
Sun Aug 05, 2018 7:39 am
Forum: Personal Finance (Not Investing)
Topic: Earn 1.5% on your checking account without the usual hoops (at Fidelity)
Replies: 34
Views: 1856

Re: Earn 1.5% on your checking account without the usual hoops (at Fidelity)

Good post. I am somewhat cautious with this type of setup. If there is fraud and the checking account get hit, I do not want it to automatically take money from my brokerage account.
by student
Sat Aug 04, 2018 7:16 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)
Replies: 619
Views: 52250

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

I have six-figure balances in both FSTVX and FTIPX in an IRA account at Fidelity, and five-figure balances in those same two funds in a Roth IRA. I'm thinking about performing an experiment. In one or both of those accounts, exchange exactly 50% of the balances of each fund into the new ZERO total ...
by student
Sat Aug 04, 2018 6:44 pm
Forum: Personal Consumer Issues
Topic: Random person gets mail to my house
Replies: 5
Views: 1097

Re: Random person gets mail to my house

I would write no such person at this address and put it back in the mailbox.
by student
Sat Aug 04, 2018 6:42 pm
Forum: Personal Finance (Not Investing)
Topic: Should I open a new CC to get 0% interest on a large purchase then cancel the card?
Replies: 5
Views: 697

Re: Should I open a new CC to get 0% interest on a large purchase then cancel the card?

I do not see why not. If the card has no annual fee and go reward, you may as well keep it. Both Citi Double Cash and Wells Fargo has good promotion now. Please take a look at https://www.doctorofcredit.com/
by student
Sat Aug 04, 2018 6:39 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth Questions
Replies: 9
Views: 791

Re: Backdoor Roth Questions

TomatoTomahto wrote:
Sat Aug 04, 2018 4:52 pm
harmoniousmonk wrote:
Sat Aug 04, 2018 4:09 pm
Thanks for that vocabulary lesson. Very helpful.
Ditto. I’ve done backdoor Roths for a few years, but that was a very clear exposition.
Yes. It was a great help...
by student
Sat Aug 04, 2018 6:36 pm
Forum: Investing - Help with Personal Investments
Topic: TIAA-CREF 401k, recently changed jobs
Replies: 10
Views: 706

Re: TIAA-CREF 401k, recently changed jobs

TIAA-CREF R2 is ok but there are better alternatives. However, I do like TIAA Traditional. Before you transfer out, please take a look at it and see whether it will fit your investment objective.
by student
Sat Aug 04, 2018 1:09 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with too much cash?
Replies: 24
Views: 2690

Re: What to do with too much cash?

2) For $150,000, invest it by spreading over 1-2 years monthly based on the AA determined above. This is not optimal based on historical data and it is purely for psychological reason. Sorry for this naive question, but what is actually optimal based on historical data? The OPTIMAL solution from a ...
by student
Sat Aug 04, 2018 6:23 am
Forum: Investing - Help with Personal Investments
Topic: $100k Liquid, 21, no college education
Replies: 25
Views: 2429

Re: $100k Liquid, 21, no college education

Speaking as a college professor, I would say there is no need to go to college at this point. It seems that your business is still viable. You make good money, so you should continue to save and establish an investment plan. You are still young.
by student
Sat Aug 04, 2018 6:18 am
Forum: Investing - Help with Personal Investments
Topic: What to do with too much cash?
Replies: 24
Views: 2690

Re: What to do with too much cash?

First, you should determine your asset allocation. You may want to use the following as a guideline. Suppose you want to retire in 2040. Then go to major fund companies (Vanguard, Fidelity, Schwab, TIAA, T. Rowe Price, American Century etc) and look at the asset allocation in their 2040 target fund....
by student
Sat Aug 04, 2018 6:06 am
Forum: Investing - Help with Personal Investments
Topic: Leaving Job - What to do with 401k?
Replies: 23
Views: 1743

Re: Leaving Job - What to do with 401k?

Since you have good funds with the new employer, I suggest that you rollover. You can use the following International : RT L&G MSCI EAFE A Stock Investments Inception Date 10/10/2016 0.02% Small Cap: RT L&G RUSSELL 2000 Stock Investments Inception Date 12/27/2016 0.01% Large Cap: RT L&G S&P 500 DC ...
by student
Fri Aug 03, 2018 8:14 pm
Forum: Investing - Theory, News & General
Topic: Question re fee revision with TIAA 403b at R1
Replies: 3
Views: 190

Re: Question re fee revision with TIAA 403b at R1

It seems that it is universal, according to the ER given on its website.
by student
Fri Aug 03, 2018 12:25 pm
Forum: Investing - Theory, News & General
Topic: Is schwab TSM index fund serving 2 masters?
Replies: 29
Views: 3119

Re: Is schwab TSM index fund serving 2 masters?

One example of how Vanguard better serves investors is specific lot identification for mutual funds. Neither Fidelity or Schwab offer specific lot identification for mutual funds. I do not think this is true. I remember selling specific mutual fund lots at Fidelity and their website says you can do...
by student
Fri Aug 03, 2018 8:49 am
Forum: Investing - Help with Personal Investments
Topic: Time to invest in Fidelity's new zero fee funds?
Replies: 70
Views: 2726

Re: Time to invest in Fidelity's new zero fee funds?

I think it is best to wait and see. A lot of us are still reacting to the fee free ETF move by vanguard. Who knows what could be next? Best to wait for the dust to clear. Personally I am currently a captive fidelity customer due to 401k limitations and almost all of my assets are in FSTVX, FTIPX, a...
by student
Fri Aug 03, 2018 4:49 am
Forum: Investing - Help with Personal Investments
Topic: Time to invest in Fidelity's new zero fee funds?
Replies: 70
Views: 2726

Re: Time to invest in Fidelity's new zero fee funds?

What about my situation? I already have my 401K with Fidelity. And I'm already investing in these funds. Should I switch to the new zero expense ratio versions? Your 401(k) already added the zero funds? No. I'm asking if I should convert to the zero funds? Or if I'm better off with my existing fund...
by student
Fri Aug 03, 2018 4:21 am
Forum: Investing - Help with Personal Investments
Topic: Leaving Job - What to do with 401k?
Replies: 23
Views: 1743

Re: Leaving Job - What to do with 401k?

Since you have good funds with the new employer, I suggest that you rollover. You can use the following International : RT L&G MSCI EAFE A Stock Investments Inception Date 10/10/2016 0.02% Small Cap: RT L&G RUSSELL 2000 Stock Investments Inception Date 12/27/2016 0.01% Large Cap: RT L&G S&P 500 DC A...
by student
Thu Aug 02, 2018 12:37 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)
Replies: 619
Views: 52250

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

cj2018 wrote:
Thu Aug 02, 2018 12:26 pm
Remember, no one can serve 2 masters! Fidelity will make you pay one way or another.
Someone will pay but it is not necessarily you. It is like credit card rewards, someone is subsidizing you if you pay in full every month.
by student
Thu Aug 02, 2018 11:54 am
Forum: Investing - Theory, News & General
Topic: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)
Replies: 619
Views: 52250

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

Total Stock Market/Total Intl is old news. Total World is where it's at, and for all my preference for MFs over ETFs, VT is hard to beat for maintenance-free stock holding (Admiral shares would be nice though). 0.1% is well within the range of tracking error and is not worth further attempts to opt...
by student
Thu Aug 02, 2018 11:04 am
Forum: Investing - Theory, News & General
Topic: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)
Replies: 619
Views: 52250

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

Total Stock Market/Total Intl is old news. Total World is where it's at, and for all my preference for MFs over ETFs, VT is hard to beat for maintenance-free stock holding (Admiral shares would be nice though). 0.1% is well within the range of tracking error and is not worth further attempts to opt...
by student
Thu Aug 02, 2018 10:00 am
Forum: Investing - Theory, News & General
Topic: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)
Replies: 619
Views: 52250

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

Not mentioned on the news with all the hype of ZERO, Fido's now charging $49.95 per purchase of non-Fidelity MFs. It looks like there will still be a selection of $0 fee non-Fidelity MFs, but for the rest the sales fee goes from $4.95 to $49.95. For the non-BH theory investor using Fido, that will ...
by student
Thu Aug 02, 2018 7:07 am
Forum: Investing - Theory, News & General
Topic: How Often to Adjust Target Asset Allocation
Replies: 10
Views: 791

Re: How Often to Adjust Target Asset Allocation

Currently my plan is about once a year.
by student
Thu Aug 02, 2018 7:04 am
Forum: Investing - Theory, News & General
Topic: [403b fiduciary lawsuits: MIT Yale NYU Duke Hopkins Penn Vanderbilt Emory Columbia]
Replies: 88
Views: 8402

Re: NYU retirement lawsuit

The article does not state what funds were in the plan, but the court docket shows NYU used 25 TIAA-CREF options and 78 Vanguard options. I surmise the main complaint was that NYU because of the size of the 403(b) assets did not negotiate ever lower fees. A secondary complaint was the "dizzying arr...
by student
Thu Aug 02, 2018 6:21 am
Forum: Investing - Help with Personal Investments
Topic: Beginner investor seeking advice
Replies: 28
Views: 1615

Re: Beginner investor seeking advice

If you are just learning, the usual recommendation applies. Max out 401k and Roth IRA, stick with the 3-fund portfolio https://www.bogleheads.org/wiki/Three-fund_portfolio or a target date fund.
by student
Thu Aug 02, 2018 5:36 am
Forum: Investing - Theory, News & General
Topic: [403b fiduciary lawsuits: MIT Yale NYU Duke Hopkins Penn Vanderbilt Emory Columbia]
Replies: 88
Views: 8402

NYU retirement lawsuit

[Thread merged into here, see below. --admin LadyGeek]

For those who are in 403b, the following may be of interest. https://www.reuters.com/article/us-nyu- ... SKBN1KL2XA