Search found 487 matches

by KATNYC
Fri Jan 26, 2018 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: Warning on "free" Morningstar trial
Replies: 37
Views: 9978

Re: Warning on "free" Morningstar trial

... I used a disposable credit card number with $1 limit and one-time use just in case they attempt to charge it. Is there any reason to think that Morningstar will charge your card after you’ve cancelled the account? Or that your bank will not reverse the charges if Morningstar do make that charge...
by KATNYC
Fri Jan 26, 2018 12:56 am
Forum: Personal Investments
Topic: VTSAX vs VTI [Vanguard Total Stock Market - Mutual fund vs. ETF]
Replies: 30
Views: 55192

Re: VTSAX vs VTI [Vanguard Total Stock Market - Mutual fund vs. ETF]

We want to swap out VISVX for VSMVX Vanguard S&P Small-Cap 600 Value Index Fund but that requires $5,000,000 so we have to buy the ETF: VIOV Yeah, I know sometimes you can be so close but you just can't make the minimum. I've often fantasized about getting VSMPX (An alternative institutional Pl...
by KATNYC
Fri Jan 26, 2018 12:04 am
Forum: Personal Finance (Not Investing)
Topic: ID theft and check cashing fraud
Replies: 97
Views: 8457

Re: ID theft and check cashing fraud

This is insanity! A thief from the gym bought Verizon phones, Kohl's goods, Lowe's goods & now possibly financed 2 cars in addition to bounced checks. This cannot be one person. It's just not possible since they didn't steal enough info at the gym to do all of this. It's very likely not one per...
by KATNYC
Thu Jan 25, 2018 7:31 pm
Forum: Personal Finance (Not Investing)
Topic: ID theft and check cashing fraud
Replies: 97
Views: 8457

Re: ID theft and check cashing fraud

This happens a few thousand times a day in the USA. If you think you are going to ask the local police department to assign an investigator to something this small you are mistaken. At which point and in which amount does it become worthy of investigation, in your estimation, and who should make th...
by KATNYC
Thu Jan 25, 2018 3:01 pm
Forum: Personal Investments
Topic: Blooom Robo Advisor for 401k asset allocation
Replies: 5
Views: 1189

Blooom Robo Advisor for 401k asset allocation

Anyone using Bloom for asset allocation? Yes, it has 3 o's. :confused I tested it out with the free trial but am not convinced it's worthwhile since it's not accurate. It only analyzes 401k accounts and analyze CIT's. The 401K has CITs with 91% of holdings. Similar funds/ticker are noted: Large Cap ...
by KATNYC
Thu Jan 25, 2018 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: High Yield Savings Account Recommendations?
Replies: 48
Views: 6801

Re: High Yield Savings Account Recommendations?

We have 2 Max Checking accounts with Lake Michigan Credit Union 3% on balances up to $15,000 Easy monthly usage requirements: Direct deposit into any LMCU account (transfer $10 minimum from another account, automated) Minimum of 10 posted debit card purchases per month (add .50 to Amazon gift card ...
by KATNYC
Thu Jan 25, 2018 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: Warning on "free" Morningstar trial
Replies: 37
Views: 9978

Re: Warning on "free" Morningstar trial

I used a disposable credit card number with $1 limit and one-time use just in case they attempt to charge it. Great idea! :idea: Where do you get these? I used Privacy.com to create a burner credit card number (good for 2 minutes after the charge) linked to our second (not main) checking account. C...
by KATNYC
Thu Jan 25, 2018 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: High Yield Savings Account Recommendations?
Replies: 48
Views: 6801

Re: High Yield Savings Account Recommendations?

We have 2 Max Checking accounts with Lake Michigan Credit Union 3% on balances up to $15,000 Easy monthly usage requirements: Direct deposit into any LMCU account (transfer $10 minimum from another account, automated) Minimum of 10 posted debit card purchases per month (add .50 to Amazon gift card ...
by KATNYC
Thu Jan 25, 2018 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: Warning on "free" Morningstar trial
Replies: 37
Views: 9978

Re: Warning on "free" Morningstar trial

I canceled my trial by phone. It took 2 1/2 minutes after being offered a discount rate to keep it.
I used a disposable credit card number with $1 limit and one-time use just in case they attempt to charge it.
by KATNYC
Thu Jan 25, 2018 10:11 am
Forum: Personal Finance (Not Investing)
Topic: Dear wife quits job and now we are down to 1 income
Replies: 190
Views: 20839

Re: Dear wife quits job and now we are down to 1 income

Move your emergency funds to Lake Michigan Credit Union Max Checking for 3% with a few easy to automate hoops. We have two accounts, 3% up to $15,000 each. You have enough in the EF to cover the deficit for a while without making drastic changes or asking your wife to get a job. Give it a few weeks ...
by KATNYC
Thu Jan 25, 2018 9:24 am
Forum: Personal Finance (Not Investing)
Topic: Lively HSA offers first dollar investing
Replies: 350
Views: 66334

Re: New HSA provider Lively offers investments for $30/yr fee

Buying DGS Wow, that's an "extreme" tilt. I thought earlier you said you were going for a total market ETF. :shock: No, DGS is only 2.1% based on my simulated morningstar style box. We have VISVX about 4% & VFSVX about 4% in ROTHs 401K has CITs with 91% of holdings. Similar funds/tick...
by KATNYC
Thu Jan 25, 2018 8:57 am
Forum: Personal Finance (Not Investing)
Topic: Lively HSA offers first dollar investing
Replies: 350
Views: 66334

Re: New HSA provider Lively offers investments for $30/yr fee

Still waiting for my 2017 $6,750 contribution made on 1/18 to move from pending to available at Lively. I did a pull with Lively from my bank. It cleared my bank on 1/19 around 6:30 am. I set up a direct deposit on paydays to Lively. According to my experience, the money should move from pending to...
by KATNYC
Thu Jan 25, 2018 8:38 am
Forum: Personal Finance (Not Investing)
Topic: Lively HSA offers first dollar investing
Replies: 350
Views: 66334

Re: New HSA provider Lively offers investments for $30/yr fee

Still waiting for my 2017 $6,750 contribution made on 1/18 to move from pending to available at Lively. I did a pull with Lively from my bank. It cleared my bank on 1/19 around 6:30 am. I set up a direct deposit on paydays to Lively. According to my experience, the money should move from pending to...
by KATNYC
Thu Jan 25, 2018 12:29 am
Forum: Personal Investments
Topic: VTSAX vs VTI [Vanguard Total Stock Market - Mutual fund vs. ETF]
Replies: 30
Views: 55192

Re: VTSAX vs VTI [Vanguard Total Stock Market - Mutual fund vs. ETF]

We want to swap out VISVX for VSMVX Vanguard S&P Small-Cap 600 Value Index Fund but that requires $5,000,000 so we have to buy the ETF: VIOV

ETA: Not even trying to imply we have that kind of cash in case anyone doesn't get this is a joke. :wink:
by KATNYC
Wed Jan 24, 2018 2:42 pm
Forum: Personal Investments
Topic: New to Vanguard - Switching from SEI - Need allocation advice
Replies: 37
Views: 2076

Re: New to Vanguard - Switching from SEI - Need allocation advice

Asset allocation. At age 26 I suggest about 20% in bonds. This is,expected to significantly reduce portfolio volatility (risk), with only a relatively small reduction in portfolio performance. I suggest about 20-30% of stocks in international stocks. Historically 20% of stocks in international stoc...
by KATNYC
Wed Jan 24, 2018 2:31 pm
Forum: Investing - Theory, News & General
Topic: Post Your Morningstar Box Style
Replies: 111
Views: 11910

Re: Post Your Morningstar Box Style

I set up test portfolios to see the style box for: 3 Fund portfolio http://i152.photobucket.com/albums/s163/kdnyc/morningstar%20test_zpsjh6hdfng.jpg http://i152.photobucket.com/albums/s163/kdnyc/morningstar%20test%202_zpshbszt6of.jpg 4 fund portfolio http://i152.photobucket.com/albums/s163/kdnyc/mor...
by KATNYC
Wed Jan 24, 2018 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: Anything better than HSA Bank?
Replies: 11
Views: 1384

Re: Anything better than HSA Bank?

+1 for Lively. In the process now of transferring the full 2017 contribution to TDAM. One thing that's different about 401k and HSA I've recently come across is that you must have an HDHP for 365 days if you front load and max out your HSA. There is a penalty otherwise so assumption of employment t...
by KATNYC
Wed Jan 24, 2018 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: Lively HSA offers first dollar investing
Replies: 350
Views: 66334

Re: New HSA provider Lively offers investments for $30/yr fee

Still waiting for my 2017 $6,750 contribution made on 1/18 to move from pending to available at Lively. I did a pull with Lively from my bank. It cleared my bank on 1/19 around 6:30 am. I set up a direct deposit on paydays to Lively. According to my experience, the money should move from pending to...
by KATNYC
Wed Jan 24, 2018 10:12 am
Forum: Personal Finance (Not Investing)
Topic: Anything better than HSA Bank?
Replies: 11
Views: 1384

Re: Anything better than HSA Bank?

+1 for Lively.
In the process now of transferring the full 2017 contribution to TDAM.
by KATNYC
Wed Jan 24, 2018 10:08 am
Forum: Personal Finance (Not Investing)
Topic: Trying to pay down mortgage, but...
Replies: 32
Views: 3622

Re: Trying to pay down mortgage, but...

Is there an option E: use the payment coupon and write in additional principal?
Our mortgage payment coupon has 2 options: additional principal & additional escrow.
We pay online so never use the coupons.
by KATNYC
Wed Jan 24, 2018 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Lively HSA offers first dollar investing
Replies: 350
Views: 66334

Re: New HSA provider Lively offers investments for $30/yr fee

Still waiting for my 2017 $6,750 contribution made on 1/18 to move from pending to available at Lively. I did a pull with Lively from my bank. It cleared my bank on 1/19 around 6:30 am. I set up a direct deposit on paydays to Lively. According to my experience, the money should move from pending to...
by KATNYC
Tue Jan 23, 2018 11:12 pm
Forum: Investing - Theory, News & General
Topic: Post Your Morningstar Box Style
Replies: 111
Views: 11910

Re: Post Your Morningstar Box Style

VBR Vg Small Cap Value" market cap 3,650 Mil 0 0 0 14 15 8 32 26 5 If I want to capture as much of the small cap value experience as possible, I take it I need to be more geared toward IJS (iShares 600Value) or VIOV (vanguard's 600 value ) rather than VBR? According to Portfolio Vizualizer and...
by KATNYC
Tue Jan 23, 2018 11:01 pm
Forum: Personal Investments
Topic: New to Vanguard - Switching from SEI - Need allocation advice
Replies: 37
Views: 2076

Re: New to Vanguard - Switching from SEI - Need allocation advice

100% International in Roth is absolutely correct. It's not unusual to hold solely one fund in a Roth. For example, the husband and I have two Roths and a solo 401k -- one fund each. (Plus Rollover IRAs with three funds each) ETA: If you prefer, switch it to VTSAX and Make the Rollover: 20% Vanguard...
by KATNYC
Tue Jan 23, 2018 10:47 pm
Forum: Personal Investments
Topic: New to Vanguard - Switching from SEI - Need allocation advice
Replies: 37
Views: 2076

Re: New to Vanguard - Switching from SEI - Need allocation advice

At 26, I'd probably be in 100% stocks; however, 90/10 is also aggressive. Tickers are investor shares, Admiral shares/ ETF Total Stock Market Index 55% VTSMX/VTSAX/VTI Total International Stock Index 35% VGTSX/VTIAX/VXUS Total Bond Market Index 7% VBMFX/VBTLX/BND Total International Bond Index 3% VT...
by KATNYC
Tue Jan 23, 2018 10:33 pm
Forum: Personal Finance (Not Investing)
Topic: High Yield Savings Account Recommendations?
Replies: 48
Views: 6801

Re: High Yield Savings Account Recommendations?

We have 2 Max Checking accounts with Lake Michigan Credit Union 3% on balances up to $15,000 Easy monthly usage requirements: Direct deposit into any LMCU account (transfer $10 minimum from another account, automated) Minimum of 10 posted debit card purchases per month (add .50 to Amazon gift card a...
by KATNYC
Tue Jan 23, 2018 10:31 pm
Forum: Personal Finance (Not Investing)
Topic: Lively HSA offers first dollar investing
Replies: 350
Views: 66334

Re: New HSA provider Lively offers investments for $30/yr fee

Yes, I tried the same thing. They have to send the debit cards. Weird since it's such a waste of time just to shred them.
by KATNYC
Tue Jan 23, 2018 10:07 pm
Forum: Personal Finance (Not Investing)
Topic: Lively HSA offers first dollar investing
Replies: 350
Views: 66334

Re: New HSA provider Lively offers investments for $30/yr fee

Still waiting for my 2017 $6,750 contribution made on 1/18 to move from pending to available at Lively. I did a pull with Lively from my bank. It cleared my bank on 1/19 around 6:30 am. I set up a direct deposit on paydays to Lively. According to my experience, the money should move from pending to...
by KATNYC
Tue Jan 23, 2018 8:44 pm
Forum: Investing - Theory, News & General
Topic: The regular investor can now trade the stock market 24 hours a day with TD Ameritrade
Replies: 48
Views: 4111

Re: The regular investor can now trade the stock market 24 hours a day with TD Ameritrade

KATNYC...There are bad ideas, and then there are spectacularly bad ideas. This is the latter. The idea that a 'regular investor' sitting at home in their pajamas will somehow outwit the rocket scientists employed by Wall Street with their high frequency trading and arcane algorithms by trading 24/7...
by KATNYC
Tue Jan 23, 2018 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: Lively HSA offers first dollar investing
Replies: 350
Views: 66334

Re: New HSA provider Lively offers investments for $30/yr fee

Still waiting for my 2017 $6,750 contribution made on 1/18 to move from pending to available at Lively. I did a pull with Lively from my bank.
It cleared my bank on 1/19 around 6:30 am.

I set up a direct deposit on paydays to Lively.
by KATNYC
Mon Jan 22, 2018 4:55 pm
Forum: Personal Investments
Topic: Should I buy a business or suck it up at a job(s) with a pension.
Replies: 82
Views: 7637

Re: Should I buy a business or suck it up at a job(s) with a pension.

Just echoing what everyone else already said with a bit of inside info. Owning and running a business is a full-time job. Unless you love cars & washing cars, don't do it at 48 years old. As part of my job with my megacorp, I work with a ton of business owners. I had the chance to see the water ...
by KATNYC
Mon Jan 22, 2018 12:32 pm
Forum: Investing - Theory, News & General
Topic: The regular investor can now trade the stock market 24 hours a day with TD Ameritrade
Replies: 48
Views: 4111

Re: The regular investor can now trade the stock market 24 hours a day with TD Ameritrade

As a contrarian I take this as excellent news. There are many reasons: one is that it gives the ETF haters more to focus on, and talk about the evils of trading (all true), while ignoring the legitimate uses of ETFs for buy-and-hold. That is, many critique products when they should critique human b...
by KATNYC
Mon Jan 22, 2018 11:10 am
Forum: Investing - Theory, News & General
Topic: The regular investor can now trade the stock market 24 hours a day with TD Ameritrade
Replies: 48
Views: 4111

The regular investor can now trade the stock market 24 hours a day with TD Ameritrade

https://www.cnbc.com/2018/01/22/investors-can-trade-the-stock-market-24-hrs-a-day-with-td-ameritrade.html The regular investor can now trade the stock market 24 hours a day with TD Ameritrade Traders on the TD Ameritrade platform are now able to buy and sell shares of ETFs like the SPDR S&P 500 ...
by KATNYC
Mon Jan 22, 2018 10:56 am
Forum: Personal Investments
Topic: Please recommend an allocation now ( age 31) if retiring in 20 years ?
Replies: 33
Views: 2772

Re: Please recommend an allocation now ( age 31) if retiring in 20 years ?

We are 100% in stocks but have a very different situation with $45K in student loans $177K left on the mortgage.
I'd tackle the 6.8% debt and also look into refinancing to get a better rate then save/invest 50% (or more if you can) of the $250K salary.
by KATNYC
Mon Jan 22, 2018 8:10 am
Forum: Personal Finance (Not Investing)
Topic: Social Security website
Replies: 10
Views: 1377

Re: Social Security website

It's been down for a couple of days. I tried to get my 2018 SSA statement. Not sure if it shutdown on Friday at midnight when the government shutdown since I did not check until Saturday.
by KATNYC
Mon Jan 22, 2018 8:08 am
Forum: Personal Investments
Topic: What is the best way to change current investments to tilt to SCV
Replies: 7
Views: 920

Re: What is the best way to change current investments to tilt to SCV

It appears we are sort of stuck until we can build up a taxable account or stash away enough in HSA & ROTHs to make a difference in our SCV allocation.
by KATNYC
Sun Jan 21, 2018 3:33 pm
Forum: Personal Investments
Topic: What is the best way to change current investments to tilt to SCV
Replies: 7
Views: 920

Re: What is the best way to change current investments to tilt to SCV

You could buy IJS in your taxable account, say with the $59,320 you mentioned, but maybe paying off debt is a better idea for the $59,320. The cash is our emergency fund (could comfortably lower it to $51,600). Updated the original post. We set up an M1 Finance portfolio a few days ago (have not fu...
by KATNYC
Sun Jan 21, 2018 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: Account Fraud
Replies: 20
Views: 3465

Re: Account Fraud

Setup account alerts to email and text you on any and all account activity. Vanguard allows you to set up alerts for: Add, edit, and delete linked bank accounts A password is changed, a security question and answer are changed, or my password is locked on the web or through an app. Buy, sell, and e...
by KATNYC
Sun Jan 21, 2018 2:32 pm
Forum: Personal Investments
Topic: Pull back on retirement saving to increase savings for kids' college?
Replies: 31
Views: 3142

Re: Pull back on retirement saving to increase savings for kids' college?

Is your current retirement savings rate what you need to hit your retirement goals? If so, have you considered perhaps you and your child can not afford the private colleges you are considering? It's a red flag to sacrifice needed retirment savings for a very expensive private college education. yo...
by KATNYC
Sun Jan 21, 2018 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: We need more space!
Replies: 24
Views: 2642

Re: We need more space!

This is a dilemma many friends faced in NYC once they had kids - move to a house in a good public school district or stay in the more affordable house and pay for private school. Two opted for private schools & one opted for a larger house in a good public school district outside of NYC. If the ...
by KATNYC
Sun Jan 21, 2018 2:03 pm
Forum: Personal Investments
Topic: What is the best way to change current investments to tilt to SCV
Replies: 7
Views: 920

What is the best way to change current investments to tilt to SCV

We have access to one 401K, family HSA & have two Vanguard ROTHs. We want to tilt SCV. After adding our portfolio to the M* Xray tool, it is clear that our 401K small cap CIT isn't small cap at all. 401K has no funds, only CITs so we used placeholders that were recommended by bogleheads with far...
by KATNYC
Sat Jan 20, 2018 10:27 pm
Forum: Investing - Theory, News & General
Topic: Post Your Morningstar Box Style
Replies: 111
Views: 11910

Re: Post Your Morningstar Box Style

Glad that I looked at this since it is clear that our 401K small cap CIT isn't small cap at all. 401K has no funds, only CITs so I used placeholders that were recommended by bogleheads with far more expertise than us. Large Cap Equity Index Fund -Large Blend - NT Collective S&P 500 Index Fund No...
by KATNYC
Sat Jan 20, 2018 7:20 pm
Forum: Personal Finance (Not Investing)
Topic: What's your annual cost of living (expenses)?
Replies: 40
Views: 4990

Re: What's your annual cost of living (expenses)?

Married no kids
NYC
$77,615 in 2017 including vacations, renovations, appliances, gifts, charity
$49,840 in 2017 for essentials expenses (does not include payroll deductions for 401K/healthcare premiums)
by KATNYC
Sat Jan 20, 2018 6:14 pm
Forum: Personal Finance (Not Investing)
Topic: Legal to pay yourself to earn credit card bonuses?
Replies: 25
Views: 3509

Re: Legal to pay yourself to earn credit card bonuses?

Some free cards offer $650 bonuses when you spend 3k in first 3 months. Is it legal to pay yourself, via PayPal, eat the $87 in credit card fees, and earn the $650? Of course, you would need to pay off the full bill on time but it does seem like a wonderful way to travel for very little cost. I cou...
by KATNYC
Sat Jan 20, 2018 5:37 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 Withholding Tables
Replies: 88
Views: 14503

Re: IRS announces new withholding tables for 2018

An option for some to cut through the unknowns is to calculate their tax burden under the new law, set exemptions ridiculously high to make withholding 0 and enter in the additional amount to withhold per pay period on the next line based upon total due / pay periods in the year after accounting fo...
by KATNYC
Sat Jan 20, 2018 1:04 am
Forum: Personal Investments
Topic: Which is faster - Push or Pull - Transfer of cash into investment accounts
Replies: 19
Views: 3945

Re: Which is faster - Push or Pull - Transfer of cash into investment accounts

check to see if your bank charges a fee for outgoing ACH transfers, Bank of America does, cant remember but still a few dollars per transfer. I "pull" from the receiving end. +1 One of my accounts (bank?, CU?) charges for an ACH push, ACH pull is free. ACH process seems to take 2 business...
by KATNYC
Sat Jan 20, 2018 12:08 am
Forum: Personal Investments
Topic: Which is faster - Push or Pull - Transfer of cash into investment accounts
Replies: 19
Views: 3945

Re: Which is faster - Push or Pull - Transfer of cash into investment accounts

We are ready to set up automated transfers into various accounts: Vanguard (ROTH), Lively (HSA) and M1 Finance (taxable). The 401K is already automated through megacorp. Which is faster, pushing money from our bank every payday or having them pull funds regularly (twice per month)? Vanguard has the...
by KATNYC
Fri Jan 19, 2018 6:26 pm
Forum: Personal Investments
Topic: Which is faster - Push or Pull - Transfer of cash into investment accounts
Replies: 19
Views: 3945

Re: Which is faster - Push or Pull - Transfer of cash into investment accounts

Every pair of institutions is different, so you may have to do the experiment yourself. I know that one can transfer between a Wells Fargo checking account and a Wells Trade brokerage account (push or pull) in less than an hour. The last two times I did a transfer it took about 15 minutes. We had t...
by KATNYC
Fri Jan 19, 2018 6:25 pm
Forum: Personal Finance (Not Investing)
Topic: Mint vs Personal Capital
Replies: 25
Views: 6794

Re: Mint vs Personal Capital

I find closely watching spending is a net positive thing to do. Takes time but produces beneficial results. I find closely watching investments is a net negative thing to do. Takes time and at best with good discipline does no harm while at worst is a significant cause of negative results. As we sa...
by KATNYC
Fri Jan 19, 2018 5:37 pm
Forum: Personal Investments
Topic: Need help investing $10K
Replies: 15
Views: 1411

Re: Need help investing $10K

That is why I suggested the pdf. It lists Total Stock Market, total International stock market, and total bond market, but there is a world of good information besides that. There are both mutual funds and their identical ETFs. I prefer funds but some prefer ETFs. I see that VIOV is an ETF or $5,00...
by KATNYC
Fri Jan 19, 2018 5:21 pm
Forum: Personal Investments
Topic: Which is faster - Push or Pull - Transfer of cash into investment accounts
Replies: 19
Views: 3945

Re: Which is faster - Push or Pull - Transfer of cash into investment accounts

Every pair of institutions is different, so you may have to do the experiment yourself. I know that one can transfer between a Wells Fargo checking account and a Wells Trade brokerage account (push or pull) in less than an hour. The last two times I did a transfer it took about 15 minutes. We had t...