Search found 189 matches

by cookymonster
Wed Nov 23, 2016 5:25 pm
Forum: Investing - Help with Personal Investments
Topic: Employer Plan is adding "Participant Record Keeping Fees" - any good way to push back?
Replies: 9
Views: 1878

Re: Employer Plan is adding "Participant Record Keeping Fees" - any good way to push back?

It looks like there's a lot of truth to what you guys are saying. Some background on my retirement plans at work: As a HCE, I can only contribute 5% of my salary to my 401(k), and have to contribute the rest of the $18,000 to the 403(b) because of HCE regulations. I found out yesterday that I can't ...
by cookymonster
Tue Nov 22, 2016 4:18 pm
Forum: Investing - Help with Personal Investments
Topic: Why would anyone do tax loss harvesting??
Replies: 25
Views: 2422

Re: Why would anyone do tax loss harvesting??

It's simpler to conceptualize if you just imagine that you buy Vanguard Total Stock Market back 31 days later at approximately the same price. Then you still get to hold it for the long-term appreciation and capture the loss in the short term in your tax return. The advantage of buying a similar-but...
by cookymonster
Tue Nov 22, 2016 2:07 pm
Forum: Investing - Help with Personal Investments
Topic: Employer Plan is adding "Participant Record Keeping Fees" - any good way to push back?
Replies: 9
Views: 1878

Employer Plan is adding "Participant Record Keeping Fees" - any good way to push back?

I work for a healthcare MegaCorp that has announced that they are adding "record-keeping fees" of $8 per quarter. I have a 401(k), 403(b) as a HCE, and 457(b), which means this will cost me an extra $96 a year. What makes this especially irritating is they are retroactively imposing it for the third...
by cookymonster
Sun Nov 06, 2016 9:38 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation in 401(k) Fidelity
Replies: 4
Views: 756

Re: Asset Allocation in 401(k) Fidelity

Any reason you chose both the S&P 500 and the small market instead of just the total stock market fund (VITPX)? Are you wanting more of a small tilt? You could also do that with a combination with VITPX and the small cap fund and also get mid cap exposure. Doesn't make a big difference either way. W...
by cookymonster
Sun Nov 06, 2016 7:56 pm
Forum: Investing - Theory, News & General
Topic: Continuous TLH Strategy
Replies: 18
Views: 2179

Re: Continuous TLH Strategy

Some good advice in here but note that even with a robust "decision tree" like the one posted by cookiemonster, there are additional edge cases to handle due to fund minimums ($10,000 for many admiral class funds, but $3,000 or $1,000(?) or $50,000 for others). I've found that given all the constra...
by cookymonster
Fri Nov 04, 2016 11:23 am
Forum: Investing - Help with Personal Investments
Topic: ITOT vs VTI in 2016
Replies: 25
Views: 5291

Re: ITOT vs VTI in 2016

Someone check my calculations, but doesn't ITOT distribute almost twice as much in dividends compared to VTI? (Why?) ITOT split in July 2016, so that might affect your # of shares/$10,000 calculation. Thanks, that makes perfect sense. If I divide the quarterly distributions in Dec 2015, March 2016,...
by cookymonster
Fri Nov 04, 2016 11:16 am
Forum: Investing - Theory, News & General
Topic: Continuous TLH Strategy
Replies: 18
Views: 2179

Re: Continuous TLH Strategy

I think livesoft had a thread for TLH'ing in real time. Agree with House Blend that you should only select TLH partners that you would feel comfortable holding forever. I would use this decision tree. At this point, you have a combination of a Fund A and a Fund B: Market rises in 31 days --> hold c...
by cookymonster
Fri Nov 04, 2016 10:18 am
Forum: Investing - Theory, News & General
Topic: Continuous TLH Strategy
Replies: 18
Views: 2179

Re: Continuous TLH Strategy

I think livesoft had a thread for TLH'ing in real time. Agree with House Blend that you should only select TLH partners that you would feel comfortable holding forever. I would use this decision tree. At this point, you have a combination of a Fund A and a Fund B: Market rises in 31 days --> hold co...
by cookymonster
Fri Nov 04, 2016 10:13 am
Forum: Investing - Theory, News & General
Topic: Continuous TLH Strategy
Replies: 18
Views: 2179

Re: Continuous TLH Strategy

double post
by cookymonster
Fri Nov 04, 2016 5:18 am
Forum: Investing - Help with Personal Investments
Topic: ITOT vs VTI in 2016
Replies: 25
Views: 5291

Re: ITOT vs VTI in 2016

Someone check my calculations, but doesn't ITOT distribute almost twice as much in dividends compared to VTI? (Why?) Dividend distribution/share, last 12 months VTI: 2.07 ITOT: 1.7 # shares/$10,000 VTI: 93.58 ITOT: 210.53 Total Distributions/$10,000 VTI: $193.71 ITOT: $357.89 If so, it seems that IT...
by cookymonster
Fri Nov 04, 2016 5:17 am
Forum: Investing - Help with Personal Investments
Topic: ITOT vs VTI in 2016
Replies: 25
Views: 5291

Re: ITOT vs VTI in 2016

Someone check my calculations, but doesn't ITOT distribute almost twice as much in dividends compared to VTI? Dividend distribution/share, last 12 months VTI: 2.07 ITOT: 1.7 # shares/$10,000 VTI: 93.58 ITOT: 210.53 Total Distributions/$10,000 VTI: 193.71 ITOT: 357.89 If so, it seems that ITOT is the...
by cookymonster
Thu Nov 03, 2016 5:02 pm
Forum: Investing - Help with Personal Investments
Topic: Help! This is my new 401k plan. Worth transferring old 401k into it?
Replies: 11
Views: 1595

Re: Help! This is my new 401k plan. Worth transferring old 401k into it?

For those who are suggesting to transfer the old 401k to an IRA because the fees are lower, do you realize that this basically eliminates the backdoor Roth IRA? The question becomes whether the higher annual expenses in the new 401k (compared to a regular IRA) exceed the tax savings from the backdoo...
by cookymonster
Thu Nov 03, 2016 2:58 pm
Forum: Investing - Help with Personal Investments
Topic: Help! This is my new 401k plan. Worth transferring old 401k into it?
Replies: 11
Views: 1595

Re: Help! This is my new 401k plan. Worth transferring old 401k into it?

If your 6 figure salary is too high for you to do a regular Roth IRA, I would say to do the backdoor Roth IRA and transfer your old 401k to the new one with slightly lower fees.
by cookymonster
Thu Nov 03, 2016 11:48 am
Forum: Personal Finance (Not Investing)
Topic: Frustrated with Health Insurance Premiums for 2017
Replies: 79
Views: 9595

Re: Frustrated with Health Insurance Premiums for 2017

InvestorAdam wrote: Your only other option is to go with a co-op like medishare or health cost sharing type deal. Many of these have failed since the ACA but there still are some out there.
Would you still be subjected to the penalty if you went through this? Since they're branded as "not insurance."
by cookymonster
Wed Oct 26, 2016 11:19 am
Forum: Personal Finance (Not Investing)
Topic: Easy $300 bonus- Key Bank
Replies: 28
Views: 6148

Re: Easy $300 bonus- Key Bank

are you issued a 1099 for that 'bonus'? Most likely, YES. We just got a similar bonus at Chase and they told us they'll send us a 1099-INT. I wonder why people consider this a significant hassle factor. It couldn't take more than a minute or two to add another line of interest to your return if you...
by cookymonster
Wed Oct 26, 2016 11:16 am
Forum: Personal Finance (Not Investing)
Topic: Easy $300 bonus- Key Bank
Replies: 28
Views: 6148

Re: Easy $300 bonus- Key Bank

are you issued a 1099 for that 'bonus'? Most likely, YES. We just got a similar bonus at Chase and they told us they'll send us a 1099-INT. I wonder why people consider this a significant hassle factor. It couldn't take more than a minute or two to add another line of interest to your return if you...
by cookymonster
Mon Oct 24, 2016 8:18 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1329
Views: 223466

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Capital One. The representative is checking with her supervisor. We'll see what happens. It is obviously based on total deposits and withdrawals within a 90-day period. I am trying to just ask nicely at this point before resorting to threatening to withdraw my assets. Lesson learned. Update: Capita...
by cookymonster
Sun Oct 23, 2016 8:09 am
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1329
Views: 223466

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

My prior account was closed in 2015. I haven't funded my account yet (can't transfer funds out of another brokerage for a couple of weeks without violating their bonus agreement). The ME representative told me over the phone it would be OK if I received the last offer over a year ago
by cookymonster
Sat Oct 22, 2016 9:51 pm
Forum: Personal Finance (Not Investing)
Topic: Easy $300 bonus- Key Bank
Replies: 28
Views: 6148

Re: Easy $300 bonus- Key Bank

If you don't want to keep up with this for six months I agree that this is not worth it. If you are one of those people that like to collect bonuses (bank, credit card, brokerage, etc) as a part time job this is one of the better ones. If you're going to take the time to keep up with one account it ...
by cookymonster
Sat Oct 22, 2016 6:32 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1329
Views: 223466

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Capital One. The representative is checking with her supervisor. We'll see what happens. It is obviously based on total deposits and withdrawals within a 90-day period. I am trying to just ask nicely at this point before resorting to threatening to withdraw my assets.

Lesson learned.
by cookymonster
Fri Oct 21, 2016 9:28 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1329
Views: 223466

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Yeah I withdrew the dividends and transferred them to a broker that didn't charge $6.99 for a trade. Guess that was penny wise and pound foolish.

I'm begging for forgiveness.

The good news is Merrill Edge is letting me recycle my bonus for an extra $1000, even though I got $600 from them last year.
by cookymonster
Fri Oct 21, 2016 8:17 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1329
Views: 223466

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Don't be an idiot like me and let withdrawing $500 worth of dividends 2 months after the transfer cost you $100 in a bonus :oops:
by cookymonster
Sat Oct 01, 2016 9:44 pm
Forum: Investing - Help with Personal Investments
Topic: Rollover & Transfer Bonuses
Replies: 2
Views: 497

Re: Rollover & Transfer Bonuses

I use doctorofcredit.com for bank bonuses.

Hustler money blog lists brokerage bonuses.
by cookymonster
Tue Sep 27, 2016 9:42 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1329
Views: 223466

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Which brokerage bonuses can be repeated, and which are "one per lifetime" or "new accounts only" or otherwise restricted in theory/practice? I was thinking that in some cases it could be a mistake to open an account with a lower level balance, if that ruined the chance of getting a bonus for a high...
by cookymonster
Sat Sep 24, 2016 3:33 pm
Forum: Investing - Help with Personal Investments
Topic: HSA: Investments
Replies: 20
Views: 2443

Re: HSA: Investments

It doesn't make a lot of mathematical sense for Health Equity to charge 0.033% a month, rather than 0.4% a year. Even quarterly like most plans would be more sensible. If you start with $10000, and take off 0.033% a month, you end up with $9968.53 at the end of year (feel free to check my math), wh...
by cookymonster
Sat Sep 24, 2016 2:26 pm
Forum: Investing - Help with Personal Investments
Topic: HSA: Investments
Replies: 20
Views: 2443

Re: HSA: Investments

It doesn't make a lot of mathematical sense for Health Equity to charge 0.033% a month, rather than 0.4% a year. Even quarterly like most plans would be more sensible. If you start with $10000, and take off 0.033% a month, you end up with $9968.53 at the end of year (feel free to check my math), whe...
by cookymonster
Fri Sep 23, 2016 8:49 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2971
Views: 585615

Re: What's Your Credit Card Rewards Strategy?

- Avoiding cards for now that have had higher sign up bonuses in the past (this is why I haven't gotten the Starwood Preferred Guest Card yet) SPG is switching to 2 free nights (and will probably go away in the next year or two), so the current 25k pts offer might be the best you'll get out of it. ...
by cookymonster
Fri Sep 23, 2016 6:45 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2971
Views: 585615

Re: What's Your Credit Card Rewards Strategy?

I'm in the market for a new card, now that I've hit the latest sign up bonus. Here's what I'm looking for: - Large sign up bonus. Travel rewards are good, except that hotel rewards I don't consider very useful - Minimal to no annual fee, at least in the first year - Can't be subject to Chase 5/24 ru...
by cookymonster
Sat Sep 17, 2016 1:05 pm
Forum: Investing - Help with Personal Investments
Topic: Health Equity HSA--New Passive Plan
Replies: 80
Views: 23980

Re: Health Equity HSA--New Passive Plan

Thanks... Makes sense that the limit is the closure fee
by cookymonster
Sat Sep 17, 2016 10:31 am
Forum: Investing - Help with Personal Investments
Topic: Health Equity HSA--New Passive Plan
Replies: 80
Views: 23980

Re: Health Equity HSA--New Passive Plan

I'm getting hit again too. Will most likely be moving to Saturna in January. Probably no point in doing it before then, since the wrap fee through HE for the rest of 2015 would be about the same as the cost of an extra transaction at Saturna. I assume I'm still going to have to keep the HE account o...
by cookymonster
Fri Sep 16, 2016 10:34 pm
Forum: Personal Finance (Not Investing)
Topic: Estimated Tax Payments
Replies: 44
Views: 4348

Re: Estimated Tax Payments

Necrobumping this thread. I hate dealing with this part of the tax code, but I also hate giving the IRS interest-free loans. I really struggle with estimating my tax rate in different quarters for the money I earn in different quarters since I front load all my retirement plans. So I've screwed up ...
by cookymonster
Fri Sep 16, 2016 8:27 pm
Forum: Personal Finance (Not Investing)
Topic: Estimated Tax Payments
Replies: 44
Views: 4348

Re: Estimated Tax Payments

Necrobumping this thread. I hate dealing with this part of the tax code, but I also hate giving the IRS interest-free loans. I really struggle with estimating my tax rate in different quarters for the money I earn in different quarters since I front load all my retirement plans. So I've screwed up a...
by cookymonster
Sat Sep 10, 2016 9:14 pm
Forum: Personal Finance (Not Investing)
Topic: Banks not honoring bank bonuses on time
Replies: 30
Views: 3340

Re: Banks not honoring bank bonuses on time

http://www.doctorofcredit.com/150-wells ... -required/
Not exactly a place I'd park much :moneybag in light of recent news, but I'd have no compunction in taking a bonus from them. They also paid fast.
by cookymonster
Sat Sep 10, 2016 9:01 pm
Forum: Personal Finance (Not Investing)
Topic: Banks not honoring bank bonuses on time
Replies: 30
Views: 3340

Re: Banks not honoring bank bonuses on time

Well, I close all those accounts as soon as I can avoid early termination fees and keep track of it all in spreadsheets. I likely won't have any heirs to worry about for decades, and by then if ally is still around my cash will probably be parked there. For me it is a hobby more than a hassle and am...
by cookymonster
Sat Sep 10, 2016 8:38 pm
Forum: Personal Finance (Not Investing)
Topic: Banks not honoring bank bonuses on time
Replies: 30
Views: 3340

Re: Banks not honoring bank bonuses on time

Personally I may make $1000 a year. I don't get paid on time but I'd rather get paid late than hassle with them on the phone. Is that pre tax? I was thinking that at the time. After looking back it's probably between $1500-$2000. However I doubt many of these banks are going to send me 1099's for $...
by cookymonster
Sat Sep 10, 2016 8:29 pm
Forum: Personal Finance (Not Investing)
Topic: Banks not honoring bank bonuses on time
Replies: 30
Views: 3340

Re: Banks not honoring bank bonuses on time

Ask yourself the following question (answer it honestly): Is the amount of money (the bonus) the bank's going to give me worth the possibility of stress if it's not paid according to how the bank's "supposed" to pay me? Time is money. Arguing with banks about their own policies is spending time. Yo...
by cookymonster
Sat Sep 10, 2016 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: Banks not honoring bank bonuses on time
Replies: 30
Views: 3340

Re: Banks not honoring bank bonuses on time

https://www.bogleheads.org/forum/viewtopic.php?f=11&t=184911&p=2842164#p2842164 I'm curious how much money you make off these bank bonuses and why you changed your mind and decided they were worth the stress again. Personally I may make $1000 a year. I don't get paid on time but I'd rather get paid...
by cookymonster
Sun Sep 04, 2016 10:52 am
Forum: Investing - Help with Personal Investments
Topic: Health Equity HSA--New Passive Plan
Replies: 80
Views: 23980

Re: Health Equity HSA--New Passive Plan

Anyone else notice they haven't been charged the Investor a Choice fee since June? I wonder if they're changing it to a quarterly rate. The 0.4% rate would now cost me about $60 a year, which is enough to make me consider switching to Saturna if they continue charging it. For those who kept their ac...
by cookymonster
Fri Aug 26, 2016 11:36 pm
Forum: Personal Consumer Issues
Topic: Don't pay full price for SiriusXM radio
Replies: 82
Views: 13412

Re: Don't pay full price for SiriusXM radio

I used to pay $110 per year as well. last month I managed to switch back to the $30 per 5 month plan; I told them this was the most I could afford and that if they wouldn't give me this rate to cancel the service. Considering I usually bike to work and hardly drive I wasn't bluffing.
by cookymonster
Fri Aug 26, 2016 7:37 pm
Forum: Investing - Theory, News & General
Topic: My only fund not in the red today...how about you?
Replies: 23
Views: 2997

Re: My only fund not in the red today...how about you?

I do check my funds every day, simply because you never know if you'll have more than one day in which you can do tax loss harvesting. I'm 2.63% away from TLH'ing one of my ETF's. It it dropped 3% on Monday and then never dropped that low again, missing that could cost me hundreds of dollars in taxes.
by cookymonster
Thu Aug 25, 2016 11:50 am
Forum: Personal Consumer Issues
Topic: Play account at Robinhood.....less than $100
Replies: 22
Views: 2724

Re: Play account at Robinhood.....less than $100

This is when stock simulators are useful. It may not cost you much to trade, but an outgoing ACAT fee could eat up most of your balance.
by cookymonster
Wed Aug 24, 2016 10:17 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2971
Views: 585615

Re: What's Your Credit Card Rewards Strategy?

Gift cards are an option too -- I'd suggest only as a last resort because this is not viewed favorably by card issuers. AmEx has revoked bonus points for people doing this. I have not seen reports of this happening for Chase but let's not find out. If you do this, try to vary the final transaction ...
by cookymonster
Wed Aug 24, 2016 10:05 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2971
Views: 585615

Re: What's Your Credit Card Rewards Strategy?

You can also open bank accounts with credit card funding that gets coded as a sale and not a cash advance. You can even earn banking bonuses too.

Here's an example of a deal that allows $500 in cc funding:

http://www.doctorofcredit.com/santander ... ing-bonus/
by cookymonster
Wed Aug 24, 2016 9:19 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2971
Views: 585615

Re: What's Your Credit Card Rewards Strategy?

I'm not an expert on manufactured spending; I've just read that it's gotten harder the last few years. If you're $2000 short after 3 months I'd buy 4 American Express gift cards and put $500 each on them; the down sides are this will cost you $20 and to use them for online purchases and at the gas p...
by cookymonster
Wed Aug 24, 2016 3:57 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1329
Views: 223466

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Has anyone successfully gotten an opening bonus (intended for NEW customers) twice at the same brokerage? If so, which ones? I'm about to hit the one year mark at TD Ameritrade and would like to move it back to Merrill Edge for the free trades, but I assume they aren't going to bribe me when I've a...
by cookymonster
Wed Aug 24, 2016 2:01 pm
Forum: Investing - Help with Personal Investments
Topic: Concerned I'm investing at peak
Replies: 31
Views: 4770

Re: Concerned I'm investing at peak

There are people who have been leaving their money on the sidelines since 2013 because the market has been at all time highs off and on since then and waiting for the crash. Suffice it to say they haven't come out ahead. Even if the market crashes, it's almost certainly going to be way up from where...
by cookymonster
Wed Aug 24, 2016 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2971
Views: 585615

Re: What's Your Credit Card Rewards Strategy?

I applied in the branch and got denied, even called the appeal line (888-609-7805) and was given a firm "no." Wish I knew this card was coming along when I opened the Southwest card two months ago :x . Did they specify why you were declined? -Steph "Too many credit cards opened recently" - obviousl...
by cookymonster
Wed Aug 24, 2016 1:24 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1329
Views: 223466

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Great thread. Surprised I missed it until now. Two questions: Has anyone successfully gotten an opening bonus (intended for NEW customers) twice at the same brokerage? If so, which ones? I'm about to hit the one year mark at TD Ameritrade and would like to move it back to Merrill Edge for the free t...
by cookymonster
Wed Aug 24, 2016 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2971
Views: 585615

Re: What's Your Credit Card Rewards Strategy?

I applied in the branch and got denied, even called the appeal line (888-609-7805) and was given a firm "no." Wish I knew this card was coming along when I opened the Southwest card two months ago :x .
by cookymonster
Mon Aug 22, 2016 8:18 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2971
Views: 585615

Re: What's Your Credit Card Rewards Strategy?

Went into a branch today and got queued. I think I'm right at 5/24 so I don't have my hopes up. I need to think of a new non-Chase card to apply for if this doesn't pan out.