Search found 1379 matches

by ERISA Stone
Fri Nov 10, 2017 11:12 am
Forum: Personal Finance (Not Investing)
Topic: Did you tell anyone you paid off your mortgage?
Replies: 338
Views: 37745

Re: Did you tell anyone you paid off your mortgage?

The OP question just seems kind of odd, no offense intended. I guess I don't see paying off a mortgage as some sort of huge accomplishment or sign of wealth. We had ours about half paid off, but then refinanced back up to the original amount to pay for a much needed remodel. We could have paid most...
by ERISA Stone
Fri Nov 10, 2017 11:08 am
Forum: Personal Finance (Not Investing)
Topic: PayPal alternative?
Replies: 47
Views: 2548

Re: PayPal alternative?

You do incur a fee of 2.9% + 30 cents when paying by credit card versus your Paypal balance (or linked bank account). I get a pop-up offering me a choice. This happened recently when I purchased some poly mailers on eBay. However, when I donate to a charity using a credit card they the charity abso...
by ERISA Stone
Fri Nov 10, 2017 10:10 am
Forum: Personal Finance (Not Investing)
Topic: Did you tell anyone you paid off your mortgage?
Replies: 338
Views: 37745

Re: Did you tell anyone you paid off your mortgage?

I'm still scratching my head over people who say they might (or would) tell their spouse. Wouldn't the spouse be a part of big financial decisions? Right now, DH and I are debating paying off the mortgage. It's an ongoing discussion, and when we reach an agreement, we'll pay it off...or not. This w...
by ERISA Stone
Fri Nov 10, 2017 9:58 am
Forum: Personal Consumer Issues
Topic: Best mobile Family Plan for 4 Lines?
Replies: 21
Views: 1161

Re: Best mobile Family Plan for 4 Lines?

I pay $160 for four lines at Verizon. In my opinion, this ^^^ is not enough info to be useful. Our family of 3 uses Verizon. Here is the breakdown... We pay $120/month for 3 iPhones for line access, unlimited talk/text and 4GB data shared. We own two of the phones outright and are paying $26/month ...
by ERISA Stone
Thu Nov 09, 2017 8:04 pm
Forum: Personal Consumer Issues
Topic: Best mobile Family Plan for 4 Lines?
Replies: 21
Views: 1161

Re: Best mobile Family Plan for 4 Lines?

I pay $160 for four lines at Verizon.
by ERISA Stone
Thu Nov 09, 2017 7:53 am
Forum: Personal Finance (Not Investing)
Topic: Did you tell anyone you paid off your mortgage?
Replies: 338
Views: 37745

Re: Did you tell anyone you paid off your mortgage?

I have no interest in people knowing how well or poorly I'm doing financially. I've run into the same issue with cars. They ask what my car payment is and I say I have no idea. I'm pretty sure they know I don't have a car payment. I get enough strange looks when people find out I have an actual inve...
by ERISA Stone
Tue Nov 07, 2017 11:32 am
Forum: Personal Consumer Issues
Topic: I Cut the Cord yesterday!
Replies: 51
Views: 4473

Re: I Cut the Cord yesterday!

The more I read this the more lost I get. I guess it's like the confusion some people feel doing math. I'm surpried there are not independent companies that will piece these things together for you based on your needs and desires. Based on the prices from the new providers coming out (Youtube TV, S...
by ERISA Stone
Tue Nov 07, 2017 10:51 am
Forum: Personal Consumer Issues
Topic: Best strategy for selling cell phone on Ebay?
Replies: 33
Views: 1815

Re: Best strategy for selling cell phone on Ebay?

For those saying beware of scams on ebay, have you actually been scammed? I had a side business about 10 years ago selling electronics on ebay. They were returned items from Best Buy. I would test them, then re-sell on ebay. We moved about $50k of inventory per month. Not only was I never scammed, I...
by ERISA Stone
Mon Nov 06, 2017 2:38 pm
Forum: Personal Consumer Issues
Topic: Got an iPhoneX
Replies: 157
Views: 11446

Re: Got an iPhoneX

@masterakeph, good point about TouchID after washing hands or taking a shower. Current owners, what case and screen protector did you select? I usually don’t spring for the insurance, but those screen repair prices are scary. I've always used Otterbox Defender. Tough as nails. I have one on my iPho...
by ERISA Stone
Mon Nov 06, 2017 12:25 pm
Forum: Personal Consumer Issues
Topic: Got an iPhoneX
Replies: 157
Views: 11446

Re: Got an iPhoneX

I don't have disposable income and I don't understand how others can afford to buy these devices every year or two. Keep in mind the "old" phone has value. We haven't put the old ones up for sale yet, but it looks like we can get between $500-$550 for them. I had no intention of upgrading from a 6s...
by ERISA Stone
Fri Nov 03, 2017 5:04 pm
Forum: Personal Finance (Not Investing)
Topic: help with solo 401K taxes
Replies: 8
Views: 717

Re: help with solo 401K taxes

How can an employer pre-fund a contribution before the employee has any compensation? If that is true, am I correct that the OP would now have a $20K loss in the S-Corp. $30K business income - $40K W-2 wages - $10K employer contribution. My thought is an employer contribution can be made at any poi...
by ERISA Stone
Fri Nov 03, 2017 2:20 pm
Forum: Investing - Help with Personal Investments
Topic: Which 401k plan is better? This is for a small dental office
Replies: 34
Views: 2856

Re: Which 401k plan is better? This is for a small dental office

There is no advisor with EF and they are smaller than AB401k. We have a forum on dentaltown and many other dentists were very happy with AB401k so that helped sell it. Tom Zgainer was very responsive (not that EF wasn't.) I think EF is a great company but I feel like I would be doing a lot of the l...
by ERISA Stone
Fri Nov 03, 2017 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: help with solo 401K taxes
Replies: 8
Views: 717

Re: help with solo 401K taxes

I'm not quite understanding what the issue is here. If OP has plan compensation of $40k, the 404 limit is $10k. The employer pre-funded the plan with $10k as an employER contribution.

Where is the issue?
by ERISA Stone
Fri Nov 03, 2017 1:22 pm
Forum: Investing - Help with Personal Investments
Topic: Which 401k plan is better? This is for a small dental office
Replies: 34
Views: 2856

Re: Which 401k plan is better? This is for a small dental office

Thank you guys for all your advice and help. This has been so helpful. I am a novice investor just getting started. My business partner and I decided to go with America's Best 401k. We like Employee Fiduiciary but it was a little too DIY for us. We are dentists and don't know much about this stuff....
by ERISA Stone
Fri Nov 03, 2017 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: Small Business Profit Sharing or Debt?
Replies: 4
Views: 336

Re: Small Business Profit Sharing or Debt?

Why do you need to increase your compensation? Do you have a pro-rata or integrated profit sharing allocation formula? If you have a noncomparability formula (AKA cross-tested), you can give yourself a higher rate (even 26%) and then give the EEs just enough to pass nondiscrimination testing. The lo...
by ERISA Stone
Thu Nov 02, 2017 6:41 am
Forum: Investing - Theory, News & General
Topic: Buffett "Key Indicator" near dangerous all-time high...
Replies: 73
Views: 9062

Re: Buffett "Key Indicator" near dangerous all-time high...

I received a link from a friend with this information. A lot of the article is explaining why active investing is better than passive. The last section is basically an advertisement.

https://flipboard.com/@flipboard/-warre ... nsider.com
by ERISA Stone
Wed Nov 01, 2017 8:56 am
Forum: Personal Consumer Issues
Topic: Iphone X is $1000
Replies: 385
Views: 26491

Re: Iphone X is $1000

By "sold out," I'm pretty sure the poster meant the phones that were guaranteed to arrive on launch day. In other words, if you order now, Apple is saying you shouldn't expect it to ship for 5-6 weeks. Apple reportedly has 2-3 million on hand, and those "sold out" within minutes. Apple always plays...
by ERISA Stone
Mon Oct 30, 2017 9:22 pm
Forum: Personal Consumer Issues
Topic: Iphone X is $1000
Replies: 385
Views: 26491

Re: Iphone X is $1000

By "sold out," I'm pretty sure the poster meant the phones that were guaranteed to arrive on launch day. In other words, if you order now, Apple is saying you shouldn't expect it to ship for 5-6 weeks. Apple reportedly has 2-3 million on hand, and those "sold out" within minutes. Apple always plays...
by ERISA Stone
Mon Oct 30, 2017 8:46 am
Forum: Personal Consumer Issues
Topic: LG Ultrafine 5K Display for Macbook Pro?
Replies: 8
Views: 767

Re: LG Ultrafine 5K Display for Macbook Pro?

This does not answer your question but I’ll throw it out there just in case. My wife is a graphic designer and pretty picky about the display she uses. I recently set up a system for her using a Mid-2015 MacBook Pro (purchased on eBay) paired with a large 4K display. She is thrilled with her new se...
by ERISA Stone
Mon Oct 30, 2017 8:43 am
Forum: Forum Issues and Administration
Topic: Forum Suggestion - Add Main Index Page to Bottom of Each Thread Page
Replies: 3
Views: 413

Re: Forum Suggestion - Add Main Index Page to Bottom of Each Thread Page

daveydoo wrote:
Fri Oct 27, 2017 11:44 am
Just hit the little gray up-arrow button at the far lower right of each post -- this will take you back to the top of each thread with no scrolling. I did not see that for an embarrassingly long time.
Thanks!
by ERISA Stone
Mon Oct 30, 2017 8:42 am
Forum: Personal Consumer Issues
Topic: Is it difficult to switch from an iPhone to an Android?
Replies: 99
Views: 7613

Re: Is it difficult to switch from an iPhone to an Android?

I didn't read all of the replies but does Apple still have the issue with holding your telephone number hostage for texting? I can't remember all of the details but you basically have to call them to remove your number from your iTunes account.
by ERISA Stone
Mon Oct 30, 2017 8:40 am
Forum: Personal Consumer Issues
Topic: Iphone X is $1000
Replies: 385
Views: 26491

Re: Iphone X is $1000

Cash wrote:
Sat Oct 28, 2017 7:59 am
Dendritic Tree wrote:
Fri Oct 27, 2017 9:57 am
Did anyone bite yet?
Wife and I are set for launch day (November 3) pickup/delivery. Just finished buying cases and Qi fast wireless charging pads.
What cases did you get? I usually get the Tech21's for iPhones.
by ERISA Stone
Fri Oct 27, 2017 11:21 am
Forum: Personal Finance (Not Investing)
Topic: Want to verify correction procedure IRS requires when employer fails to make 403b retirement contributions for employee
Replies: 24
Views: 1251

Re: Want to verify correction procedure IRS requires when employer fails to make 403b retirement contributions for emplo

I was recently in a similar situation. Company drafted $1500 from my check every month x 4 months to be deposited in a 457b account. I was the first person in the company to utilize this account. The money never showed up in the 457b until after the 4th months draft and many, many emails/calls. The...
by ERISA Stone
Fri Oct 27, 2017 11:15 am
Forum: Personal Finance (Not Investing)
Topic: Want to verify correction procedure IRS requires when employer fails to make 403b retirement contributions for employee
Replies: 24
Views: 1251

Re: Want to verify correction procedure IRS requires when employer fails to make 403b retirement contributions for emplo

I'm not the OP but I've been posting on this thread about my similar situation at what's clearly a different state university with a 457b. The current status isn't good. I sent the Benefits Office a link to that IRS page about fixing plan mistakes, and they state that that page only applies to 401k...
by ERISA Stone
Fri Oct 27, 2017 11:08 am
Forum: Forum Issues and Administration
Topic: Forum Suggestion - Add Main Index Page to Bottom of Each Thread Page
Replies: 3
Views: 413

Forum Suggestion - Add Main Index Page to Bottom of Each Thread Page

Is it possible to add a link at the bottom of each page of a post to take one back out to the main boglehead page? I like it better than the forum index, which there is already a link for. To get back to the main page, I have to scroll back up to the top of the page.
by ERISA Stone
Fri Oct 27, 2017 11:03 am
Forum: Personal Consumer Issues
Topic: Iphone X is $1000
Replies: 385
Views: 26491

Re: Iphone X is $1000

Did anyone bite yet? The pre-orders sold out in a few minutes this AM. I gave in. I was working late and was up anyway so I mozied on over to Verizon's website around 2:55 ET. I could already get in so I bought one for me and my wife. Electronics is one of our splurge areas so I don't feel too bad....
by ERISA Stone
Thu Oct 26, 2017 1:40 pm
Forum: Investing - Help with Personal Investments
Topic: Index investing is boring
Replies: 63
Views: 5678

Re: Index investing is boring

Yes, and I'm very appreciative of it.
by ERISA Stone
Thu Oct 26, 2017 12:08 pm
Forum: Investing - Help with Personal Investments
Topic: Question regarding 401(k) catch-up contributions and employer match
Replies: 29
Views: 1546

Re: Question regarding 401(k) catch-up contributions and employer match

Thank you all for the feedback! I did provide my example to HR, and here is the response I received: They are separate buckets with separate elections. You must max out on the $18,500 contribution in 2018 or contribute at least 5% of your salary in the 401K to elect catch-up. Only the 401k contribu...
by ERISA Stone
Thu Oct 26, 2017 11:58 am
Forum: Investing - Help with Personal Investments
Topic: Question regarding 401(k) catch-up contributions and employer match
Replies: 29
Views: 1546

Re: Question regarding 401(k) catch-up contributions and employer match

If the company is matching on a per-check basis, they should be looking at each paycheck and if you are contributing at least 5% to the 401K, then you will get the full match. If there is only one spot to indicate how much you want to go to the 401K, I would assume that this includes how much you w...
by ERISA Stone
Thu Oct 26, 2017 11:24 am
Forum: Investing - Help with Personal Investments
Topic: Mechanics of Roth 401K
Replies: 18
Views: 1739

Re: Mechanics of Roth 401K

djpeteski wrote:
Thu Oct 26, 2017 5:56 am


For our plans it would be beneficial to have investments outside of the qualified plans.
Your Roth funds would still be in a qualified plan.
by ERISA Stone
Thu Oct 26, 2017 9:18 am
Forum: Investing - Help with Personal Investments
Topic: Question regarding 401(k) catch-up contributions and employer match
Replies: 29
Views: 1546

Re: Question regarding 401(k) catch-up contributions and employer match

[...]However, here is where things get tricky. My benefits people are saying that I cannot make catch-up contributions until I max out the regular contributions first – that they are two different “buckets.” In other words, only after I have made the max $18,500 in regular contributions, can I then...
by ERISA Stone
Thu Oct 26, 2017 9:11 am
Forum: Personal Consumer Issues
Topic: What is going on with the home insurance rates?
Replies: 53
Views: 5210

Re: What is going on with the home insurance rates?

Think about the recent weather: hurricanes, floods, fires, hail, etc. Insurance companies have to price for these events, which are becoming more frequent and more severe. Many (maybe all?) of us will bear the cost of these events by paying higher premiums. In Colorado, the answer is simple: 1. Lot...
by ERISA Stone
Thu Oct 26, 2017 8:42 am
Forum: Investing - Help with Personal Investments
Topic: Question regarding 401(k) catch-up contributions and employer match
Replies: 29
Views: 1546

Re: Question regarding 401(k) catch-up contributions and employer match

If your plan matches on a pay period basis and there is no true-up at the end of the year, I think you should politely write an email to the employees responsible for the plan to explain how the current mechanics of the plan cause an employee over age 50 to lose out on a benefit. My hope is they did...
by ERISA Stone
Thu Oct 26, 2017 7:58 am
Forum: Investing - Theory, News & General
Topic: Can you own a share [of a person's future earnings?]
Replies: 19
Views: 1765

Re: Can you own a share of a person?

A company called Fantex did this with some NFL players a few years back. I haven't heard much lately. Here's a story about Vernon Davis. He was the highest profile player that signed on that I recall.

http://fortune.com/2014/06/06/fantex-ve ... rench-nfl/
by ERISA Stone
Wed Oct 25, 2017 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 ACA rates now live....
Replies: 228
Views: 14975

Re: 2018 ACA rates now live....

indexfundfan wrote:
Wed Oct 25, 2017 12:45 pm
Up 57% for me in GA for the same HSA bronze plan for family of four.
Only 49% in GA for me.
by ERISA Stone
Wed Oct 25, 2017 11:48 am
Forum: Personal Consumer Issues
Topic: Ordering iPhoneX
Replies: 19
Views: 1817

Re: Ordering iPhoneX

EHEngineer wrote:
Wed Oct 25, 2017 11:24 am
I have airpods but I still use a headphone jack for reliability & battery life.
How does this work? Also what reliability issues to you have with the airpods? They've been flawless for me.
by ERISA Stone
Wed Oct 25, 2017 7:50 am
Forum: Personal Finance (Not Investing)
Topic: Want to verify correction procedure IRS requires when employer fails to make 403b retirement contributions for employee
Replies: 24
Views: 1251

Re: Want to verify correction procedure IRS requires when employer fails to make 403b retirement contributions for emplo

Without researching too much, their remedy sounds right. Respectfully, you are not out 50%. You received the funds as direct compensation. https://www.irs.gov/retirement-plans/fixing-common-plan-mistakes-correcting-a-failure-to-effect-employee-deferral-elections Wow. Thanks. Just sent an email inqu...
by ERISA Stone
Tue Oct 24, 2017 8:55 pm
Forum: Personal Finance (Not Investing)
Topic: Want to verify correction procedure IRS requires when employer fails to make 403b retirement contributions for employee
Replies: 24
Views: 1251

Re: Want to verify correction procedure IRS requires when employer fails to make 403b retirement contributions for emplo

student wrote:
Tue Oct 24, 2017 8:45 pm
you may be able to get the lost gain should the market went up and you missed it due to their error.
It's not arbitrary. Lost earnings are a step in making the participant whole.
by ERISA Stone
Tue Oct 24, 2017 6:14 pm
Forum: Investing - Help with Personal Investments
Topic: Changing from company 401k to other
Replies: 11
Views: 863

Re: Changing from company 401k to other

Is there a self-directed brokerage account option? Check your Summary Plan Description (SPD) if you're not sure.
by ERISA Stone
Tue Oct 24, 2017 5:08 pm
Forum: Investing - Help with Personal Investments
Topic: Confused About 401(k) Rollover as HCE with Backdoor Roth
Replies: 13
Views: 971

Re: Confused About 401(k) Rollover as HCE with Backdoor Roth

The company can not should not be able to access the funds and the trusts are exempt from creditors, but I would also rollover the assets ASAP. I made a small edit here. While the company shouldn't have access to the 401k funds, some owners of failing companies have been known to perform unethical,...
by ERISA Stone
Tue Oct 24, 2017 4:29 pm
Forum: Personal Consumer Issues
Topic: Lastpass on iPhone easy to use?
Replies: 16
Views: 1237

Re: Lastpass on iPhone easy to use?

Unless I'm doing it wrong, it's a little annoying. I go back and forth between the app I'm opening and lastpass. I copy/paste the ID/PW between the two apps.
by ERISA Stone
Tue Oct 24, 2017 4:26 pm
Forum: Investing - Help with Personal Investments
Topic: Confused About 401(k) Rollover as HCE with Backdoor Roth
Replies: 13
Views: 971

Re: Confused About 401(k) Rollover as HCE with Backdoor Roth

Assuming your plan is based on calendar year, if you didn't meet the HCE compensation level in 2016 (and you are not a greater than 5% owner in 2016 or 2017), then you cannot be an HCE in 2017. If 2016 was a full plan year, there is no proration based on your date of hire. It is based on your actua...
by ERISA Stone
Tue Oct 24, 2017 8:26 am
Forum: Investing - Help with Personal Investments
Topic: Can one have too much money in tax-deferred
Replies: 128
Views: 11686

Re: Can one have too much money in tax-deferred

You will also have the option to start drawing down your 401k plan at 59.5 without the 10% penalty, assuming your plan allows for an in-service distribution. That might help you manage your taxes as you get closer to retirement.
by ERISA Stone
Tue Oct 24, 2017 8:04 am
Forum: Investing - Help with Personal Investments
Topic: 401k Self Directed Option: Worth the fees?
Replies: 11
Views: 1048

Re: 401k Self Directed Option: Worth the fees?

Make sure they don't charge you an asset fee, in addition to the account maintenance fee. Advisors don't like to lose the assets to a self-directed brokerage account, and some have it written in their contracts that they get a piece of those as well.
by ERISA Stone
Tue Oct 24, 2017 8:01 am
Forum: Investing - Help with Personal Investments
Topic: No Cap on Match for 401K - Need Advice
Replies: 37
Views: 2533

Re: No Cap on Match for 401K - Need Advice

Sockpuppet wrote:
Tue Oct 24, 2017 7:21 am


In her family's case, most of the savings was in a an employer stock and the company folded.
Maybe you could have a conversation with her about diversification. Lack of diversification is what doomed her parents, not investing in the market.
by ERISA Stone
Mon Oct 23, 2017 8:45 am
Forum: Personal Finance (Not Investing)
Topic: new 401(k) limits announced
Replies: 88
Views: 13152

Re: new 401(k) limits announced

Thank you CppCoder, much appreciated ! Very clear now. From the example, I assume the $275k is the individual limit, not family limit when filing jointly. CppCoder, could you please clarify what is the $275k comp limit in relation to mega backdoor ? I am planning to do my first mega backdoor this y...
by ERISA Stone
Mon Oct 23, 2017 6:44 am
Forum: Personal Consumer Issues
Topic: Anyone planning on getting the new Pixel phone?
Replies: 141
Views: 10097

Re: Anyone planning on getting the new Pixel phone?

TravelGeek wrote:
Wed Oct 18, 2017 6:29 pm
DiggleRex wrote:
Wed Oct 18, 2017 10:41 am
... and the Pixel 2 has an incredibly dated look to it.
So do I :shock:
We are patiently waiting for Travelgeek 2.0 :D
by ERISA Stone
Sun Oct 22, 2017 8:59 pm
Forum: Investing - Help with Personal Investments
Topic: 2 in Daycare -Sell Taxable to Max 401k?
Replies: 46
Views: 2904

Re: 2 in Daycare -Sell Taxable to Max 401k?

KlangFool wrote:
Sun Oct 22, 2017 2:52 pm
https://www.fsafeds.com/explore/dcfsa

OP,

I assume that you may use Dependent Care FSA to pay for the daycare. If you have not done this, you may want to set one up.

KlangFool
One has to be a federal EE to do this, correct?