Search found 7933 matches

by tfb
Fri Dec 14, 2018 12:02 pm
Forum: Investing - Theory, News & General
Topic: [Robinhood to offer 3% cash management program, not a bank account]
Replies: 157
Views: 9318

Re: [Robinhood to launch 3% interest bearing accounts, but is not a bank]

LadyGeek wrote:
Fri Dec 14, 2018 11:47 am
The product has finally been defined: Robinhood’s 3% Interest Checking Is Just a Money-Market Fund, from Bloomberg. (The comments about SIPC protection have been superseded by the above article.)
It has not. That title is just someone's opinion. There is no actual money market fund.
by tfb
Fri Dec 14, 2018 12:46 am
Forum: Investing - Theory, News & General
Topic: [Robinhood to offer 3% cash management program, not a bank account]
Replies: 157
Views: 9318

Re: Robinhood to launch 3% Checking & Savings Accounts

The other thing I do not comprehend is many here balk at the lack of FDIC, then mention their or so-so's MMMF is paying almost as much, 63 basis points difference was the spread in one reply. But wait, that MMMF is not FDIC either right ??? A money market fund is registered with the SEC. It has spe...
by tfb
Fri Dec 14, 2018 12:03 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity HSA - Account Closed (Risk Department)
Replies: 19
Views: 2571

Re: Fidelity HSA - Account Closed (Risk Department)

Yes, I semi-regularly empty the Fido cash account, as I have been for the past 3 years. So I do not keep very much in the account. I also wonder if that is a consideration, since I'm not profitable to them (they'd never admit that's the reason), BUT they are kicking me out at the exact moment I am ...
by tfb
Tue Dec 04, 2018 8:45 pm
Forum: Investing - Theory, News & General
Topic: Merrill Edge sweep options just reduced
Replies: 10
Views: 746

Re: Merrill Edge sweep options just reduced

If it's just for dividends, you can have the dividends automatically swept to an external checking or savings account. Requires filling out a Funds Transfer Service Enrollment form and sending it in.
by tfb
Sun Dec 02, 2018 4:17 pm
Forum: Personal Finance (Not Investing)
Topic: employer contribution to solo 401k limit for spouse
Replies: 4
Views: 411

Re: employer contribution to solo 401k limit for spouse

For an LLC, taxed as a solo prop, employ spouse. Spouse does approx 10k/yr of work. I'm aware of the employee limits (18.5k total and 25% of their income) to their 401k, but what about employer? Does it have to be matching or tied to the spouses income, or can it be up to 55k as an employer contrib...
by tfb
Sun Dec 02, 2018 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity atm/debit card - can’t handle multiple accounts?
Replies: 9
Views: 700

Re: Fidelity atm/debit card - can’t handle multiple accounts?

Like any other bank (I also have Wells Fargo), i can See all my accounts when I go to the atm to either deposit or withdraw money. Their own bank's ATM may show you additional checking accounts but remember when you use a Fidelity debit card you are not going to any Fidelity ATMs. You are always us...
by tfb
Sun Dec 02, 2018 2:41 am
Forum: Investing - Theory, News & General
Topic: Penfed raises certificate rates 12/1/18
Replies: 25
Views: 3024

Re: Penfed raises certificate rates 12/1/18

tbradnc wrote:
Sat Dec 01, 2018 6:14 am
I'm going to buy a good slug of 1 year certs at 2.8% and see what happens over the next 12 months.
1 year Treasury is 2.7% state income tax free.
by tfb
Sun Dec 02, 2018 2:34 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity atm/debit card - can’t handle multiple accounts?
Replies: 9
Views: 700

Re: Fidelity atm/debit card - can’t handle multiple accounts?

I have never heard of any bank that can not handle a single card with multiple accounts? I have never heard of any single card that can access multiple [checking] accounts. When you use the card to buy something, which account does the money come out of? At the ATM you can choose checking or saving...
by tfb
Sat Nov 17, 2018 2:18 pm
Forum: Investing - Theory, News & General
Topic: News: Vanguard rolls out HSA's
Replies: 11
Views: 2286

Re: News: Vanguard rolls out HSA's

b0B wrote:
Sat Nov 17, 2018 12:42 am
Vanguard's own release.
Vanguard and HSA provider HealthEquity announce partnership
Doing this with a partner shows Vanguard had no intention to offer HSA on their own.
by tfb
Fri Nov 16, 2018 1:26 pm
Forum: Investing - Theory, News & General
Topic: Rumor mill - Fidelity starting individual HSA's Nov. 15th
Replies: 683
Views: 48238

Re: Rumor mill - Fidelity starting individual HSA's Nov. 15th

Those of you in CA who are striving to keep things tax free, which treasury funds do you recommend at Fidelity? I'm trying to use the screener, and it seems like iShares Treasury bond funds are the only ones that are commission free with low expense ratios, e.g. symbols IEI and IEF The iShares Trea...
by tfb
Fri Nov 16, 2018 12:40 pm
Forum: Investing - Theory, News & General
Topic: Rumor mill - Fidelity starting individual HSA's Nov. 15th
Replies: 683
Views: 48238

Re: Rumor mill - Fidelity starting individual HSA's Nov. 15th

Hayden wrote:
Fri Nov 16, 2018 12:38 pm
If I do a direct transfer from HSA Bank to Fidelity, is this something I have to remember to report on my tax return?
Nothing for a direct transfer.
by tfb
Fri Nov 16, 2018 12:35 pm
Forum: Investing - Theory, News & General
Topic: Sell 0% Fixed Rate IBonds and Buy TIPS?
Replies: 19
Views: 2013

Re: Sell 0% Fixed Rate IBonds and Buy TIPS?

I would say the difference is ibonds have a floor, which is the rate of inflation. Money markets can and did go to almost 0%. In many situations ibonds have no more risk than money markets, but higher returns. Plus ibonds have tax deferral aspect. I wasn't comparing I Bonds with money market. I bro...
by tfb
Fri Nov 16, 2018 11:46 am
Forum: Investing - Theory, News & General
Topic: Rumor mill - Fidelity starting individual HSA's Nov. 15th
Replies: 683
Views: 48238

Re: Rumor mill - Fidelity starting individual HSA's Nov. 15th

Reporting back on my experience this morning...My Fidelity rep walked me through the process of transferring assets in kind from HSA Bank and TD Ameritrade. Everything accomplished online. I just needed to input account numbers and attach the most recent statement from both. Online signature accept...
by tfb
Fri Nov 16, 2018 11:41 am
Forum: Investing - Theory, News & General
Topic: Sell 0% Fixed Rate IBonds and Buy TIPS?
Replies: 19
Views: 2013

Re: Sell 0% Fixed Rate IBonds and Buy TIPS?

That's true, but I was comparing I Bonds to TIPS. If we're comparing I Bonds to money markets, then I'd argue the MM isn't inflation indexed and isn't tax deferred. :) They're all useful in their own right, which makes apples to apples comparison challenging. That's my point - the differences betwe...
by tfb
Fri Nov 16, 2018 10:41 am
Forum: Investing - Theory, News & General
Topic: Sell 0% Fixed Rate IBonds and Buy TIPS?
Replies: 19
Views: 2013

Re: Sell 0% Fixed Rate IBonds and Buy TIPS?

One of the advantages mentioned (#4) is actually the advantage that makes comparison to TIPS a little silly. IBonds have no interest rate risk. They're like zero duration bonds within 30 years. If you know how long you'll hold the bond up front, it's easy - you can pick TIPS of the right duration a...
by tfb
Thu Nov 15, 2018 9:12 pm
Forum: Personal Finance (Not Investing)
Topic: New HSA provider Lively offers investments for $30/yr fee
Replies: 344
Views: 50825

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

Most seem to think that the Fidelity HSA has no HSA-specific account fees. But absence of an actual fee schedule, it's hard to know for sure at this point. The fee schedule: https://www.fidelity.com/bin-public/060_www_fidelity_com/documents/Brokerage_Commissions_Fee_Schedule.pdf The fees described ...
by tfb
Thu Nov 15, 2018 1:55 pm
Forum: Investing - Theory, News & General
Topic: Rumor mill - Fidelity starting individual HSA's Nov. 15th
Replies: 683
Views: 48238

Re: Rumor mill - Fidelity starting individual HSA's Nov. 15th

You can electronically transfer cash up to the annual contribution limit. So if you transfer ftom HealthEquity to Fidelity at least annually, you will just be able to withdraw from HI and then electronically deposit with Fidelity without filling out any forms at all. Fidelity will then report it as...
by tfb
Wed Nov 14, 2018 11:16 am
Forum: Personal Finance (Not Investing)
Topic: Multiple HSA rollover(s)
Replies: 6
Views: 806

Re: Multiple HSA rollover(s)

This paragraph from the link was confusing, making it sound like you can keep making distributions to make a lump-sum rollover: The 1-year rule is tracked to the date when you received the distribution, not when you deposited it as a rollover. Still, if you keep doing this, the date will be pushed ...
by tfb
Wed Nov 14, 2018 11:03 am
Forum: Personal Finance (Not Investing)
Topic: Is there an online checking account that can do these three things?
Replies: 19
Views: 1230

Re: Is there an online checking account that can do these three things?

Alliant Credit Union fulfills all three criteria. ATM limit is $1000/day and mobile deposit max is $50,000. I've had an account for over a decade now but have never stepped into a branch. I don't exactly recommend them as their phone customer service is rather lacking. However, their interest rates...
by tfb
Sun Nov 11, 2018 9:28 pm
Forum: Investing - Theory, News & General
Topic: Rumor mill - Fidelity starting individual HSA's Nov. 15th
Replies: 683
Views: 48238

Re: Rumor mill - Fidelity starting individual HSA's Nov. 15th

If Fidelity is $48/year, then Lively is still better at $30/year (2.50/mo). But it's one full fledged Fidelity brokerage account with many more free options than a TD Ameritrade account (index funds versus ETFs, iShares ETFs versus SPDR ETFs, commission-free Treasuries, ... ...). Can set up automat...
by tfb
Sun Nov 11, 2018 8:54 pm
Forum: Investing - Theory, News & General
Topic: Fidelity class change calculation. Numbers seem off, unless NAVs have extra decimal places.
Replies: 20
Views: 1202

Re: Fidelity class change calculation. Numbers seem off, unless NAVs have extra decimal places.

The NAV based on the values of the underlying holdings could always be calculated to more decimal places. But usually the price you buy or sell at is (rounded to be) in whole cents per share. The rounding can make a few bp difference. It makes sense to do what they did, as a few bp on the whole ass...
by tfb
Sun Nov 11, 2018 8:46 pm
Forum: Investing - Theory, News & General
Topic: Rumor mill - Fidelity starting individual HSA's Nov. 15th
Replies: 683
Views: 48238

Re: Rumor mill - Fidelity starting individual HSA's Nov. 15th

https://thefinancebuff.com/best-hsa-provider-for-investing-hsa-money.html Comment 81:"Just talked to Fidelity to see if I could move my HSA account there. He said that 4th quarter of this year (2018) they will begin offering Standalone HSA accounts for those of us that cannot enroll through an empl...
by tfb
Fri Nov 09, 2018 10:11 pm
Forum: Personal Finance (Not Investing)
Topic: Doing taxes by hand
Replies: 83
Views: 4968

Re: Doing taxes by hand

I am attracted to the idea of doing my taxes by hand with no software. Just the forms, a pencil, and calculator. Especially since TurboTax is like $70 now. Software under $20 (FreeTaxUSA etc.) is still much easier than doing it by hand, especially when you make changes. Oops, another 1099 came in. ...
by tfb
Thu Nov 08, 2018 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: Statue of limitations on taking back unvested $ in 401K? What if value of match is now lower than original deposits?
Replies: 10
Views: 893

Re: Statue of limitations on taking back unvested $ in 401K? What if value of match is now lower than original deposits?

Do you know if there is a statue of limitations to pull this money back or can they, say, take the money back 20 years from now? There is not statute of limitations. Unvested means unvested. When you ask for a distribution (withdrawal or rollover), they can take the money back if they see a termina...
by tfb
Thu Nov 08, 2018 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax on TaxMarkDown.com
Replies: 37
Views: 3920

Re: TurboTax on TaxMarkDown.com

The company is legit. I received my download link today and installed the software. Works fine. Receiving the download and the company being legit are two different things. These websites pop up every year and they never operate at the same web address for more than one year. Next year they will ha...
by tfb
Wed Oct 24, 2018 3:24 pm
Forum: Investing - Help with Personal Investments
Topic: When to sell CDs and accept EWP
Replies: 10
Views: 1337

Re: When to sell CDs and accept EWP

This one works, but I think I have gotten some spurious results when trading in for a CD of shorter maturity. Then again, it could have been my error. Not my field, and I have been out of college longer than I would like to believe. https://thefinancebuff.com/cd-early-withdrawal-calculator.html Sor...
by tfb
Sun Oct 21, 2018 11:32 am
Forum: Investing - Help with Personal Investments
Topic: “The Worst Kind of Bear Market”
Replies: 23
Views: 4706

Re: “The Worst Kind of Bear Market”

No, TIPS were not available in the United States until 1998 (European countries introduced inflation-linked bonds much earlier), and they are not the ultimate answer to everything, and yes, just as with every other investment the income tax is levied on nominal gains and not real gains and therefor...
by tfb
Fri Oct 19, 2018 11:51 pm
Forum: Personal Finance (Not Investing)
Topic: Inflating AGI to avoid paying back ACA Premium Tax Credit
Replies: 42
Views: 3917

Re: Inflating AGI to avoid paying back ACA Premium Tax Credit

As it has already been pointed out, the AGI doesn't need to be inflated. You don't have to pay back PTC when your AGI is too low. You still may want to increase AGI but you don't have to. Premium Tax Credits do have to be paid back if income is too low. At least, in the state I reside in, they do. ...
by tfb
Fri Oct 19, 2018 7:14 pm
Forum: Personal Finance (Not Investing)
Topic: Inflating AGI to avoid paying back ACA Premium Tax Credit
Replies: 42
Views: 3917

Re: Inflating AGI to avoid paying back ACA Premium Tax Credit

As it has already been pointed out, the AGI doesn't need to be inflated. You don't have to pay back PTC when your AGI is too low. You still may want to increase AGI but you don't have to.
by tfb
Fri Oct 19, 2018 7:10 pm
Forum: Personal Finance (Not Investing)
Topic: Co-pay accumulators in new health plans
Replies: 35
Views: 2564

Re: Co-pay accumulators in new health plans

I disagree. The copay assistance programs acted like secondary/supplemental insurance plans, covering the amount the primary insurance wouldn't cover. The position of the primary insurers - wanting to make sure the patient bled their own money and not money from the assistance programs - is untenab...
by tfb
Fri Oct 19, 2018 8:42 am
Forum: Personal Finance (Not Investing)
Topic: Co-pay accumulators in new health plans
Replies: 35
Views: 2564

Re: Co-pay accumulators in new health plans

The "copay accumulator" means the insurer pockets the money from the assistance program, but no longer counts it towards your deductible or out-of-pocket-maximum ! Although it adds to your cost, it sounds legit as in how insurance should work. When you have reimbursement from somewhere else, you di...
by tfb
Fri Oct 19, 2018 8:26 am
Forum: Investing - Help with Personal Investments
Topic: Spoke with a CFP...underwhelming!
Replies: 51
Views: 5358

Re: Spoke with a CFP...underwhelming!

It doesn’t seem like a great analysis. The tax cost of bonds yielding 2% taxed at 40% is 0.8%. The tax cost of stocks with a 7% expected return taxed at 15% is 1.05% Do people really turnover their stocks every year in taxable? It's a spreadsheet. Don't hang up on just one example. You get to use w...
by tfb
Fri Oct 19, 2018 1:36 am
Forum: Investing - Help with Personal Investments
Topic: Spoke with a CFP...underwhelming!
Replies: 51
Views: 5358

Re: Spoke with a CFP...underwhelming!

2. Simplicity...we agreed on this mark, but he was even more simple than I imagined. I kept mentioned tax efficiency, such as bonds in a 401k/IRA but this wasn't the same advice. He mentioned having your target AA applied to all accounts. For example let's just say I'm 80/20 AA, he told me to do th...
by tfb
Tue Oct 16, 2018 2:58 pm
Forum: Investing - Theory, News & General
Topic: Stupid question on treasury direct
Replies: 3
Views: 522

Re: Stupid question on treasury direct

dimbmw wrote:
Tue Oct 16, 2018 2:52 pm
So how do i know that i will end up paying a fair price?
You will get the same price everyone else gets. That's just how the auction is designed. When you buy $1,000 you pay the same price as a bank buying $100 million.
by tfb
Tue Oct 16, 2018 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: ACA subsidy repayment for s-Corp owner
Replies: 10
Views: 743

Re: ACA subsidy repayment for s-Corp owner

When you say it is assumed where is that ? The W-2 given by my s-Corp to me will only reflect the reduced subsidized premium and that is what I will have to put in the line 29 of the 1040 for the self employed health deduction. You should include the full unsubsidized premium on the W-2. The advanc...
by tfb
Tue Oct 16, 2018 1:27 am
Forum: Personal Finance (Not Investing)
Topic: ACA subsidy repayment for s-Corp owner
Replies: 10
Views: 743

Re: ACA subsidy repayment for s-Corp owner

If I decide to pay the amount due next year with my tax filing , how do I get a deduction for my premiums ? It's automatic. You don't have to do anything extra. It's assumed you paid the full unsubsidized premiums in 2018 minus any actual subsidy you are eligible for as determined on your 2018 tax ...
by tfb
Mon Oct 15, 2018 12:14 am
Forum: Investing - Theory, News & General
Topic: Treasuries in higher tax state
Replies: 12
Views: 1217

Re: Treasuries in higher tax state

How do i go about purchasing treasuries with my vanguard brokerage account and are there costs that will eat into my returns that i'm not accounting for? You can buy new-issue Treasury bonds in Vanguard brokerage account at no cost. Select Transact, then scroll down to find "Trade bonds or CDs" at ...
by tfb
Sun Oct 14, 2018 4:51 pm
Forum: Investing - Help with Personal Investments
Topic: Early Retirement Health Insurance Strategy using Mega Back Door Roth IRA
Replies: 4
Views: 646

Re: Early Retirement Health Insurance Strategy using Mega Back Door Roth IRA

By maxing out the Mega Backdoor Roth IRA every year, I will minimize my future MAGI in early retirement, and I will be able to qualify for a large federal subsidy for ACA insurance as long as I keep my MAGI at 138% of FPL income. The Mega Backdoor Roth IRA will enable me to control my early retirem...
by tfb
Sun Oct 14, 2018 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: Autoupdate google sheets with Tbill price/value
Replies: 6
Views: 547

Re: Autoupdate google sheets with Tbill price/value

folkher0 wrote:
Sun Oct 14, 2018 9:37 am
There is a google sheets function TBILLPRICE, but the calculated values don't seem to agree with my fidelity account.
Does it have to be very precise? I would think a linear progression toward the face value based on the number of days passed would be close enough.
by tfb
Wed Oct 10, 2018 9:56 pm
Forum: Personal Finance (Not Investing)
Topic: Any Self Employed people near the ACA cliff experiencing this situation?
Replies: 7
Views: 618

Re: Any Self Employed people near the ACA cliff experiencing this situation?

It doesn't appear your software did it correctly (bad user input or bad logic in software). Please use this calculator for how much you can deduct and how much tax credit you can take. If the amount of credit you can take is less the advance credit you received, you are required to pay back the dif...
by tfb
Wed Oct 10, 2018 8:06 pm
Forum: Personal Finance (Not Investing)
Topic: Any Self Employed people near the ACA cliff experiencing this situation?
Replies: 7
Views: 618

Re: Any Self Employed people near the ACA cliff experiencing this situation?

I am getting some incredible results from my tax software. I wanted to make sure they are correct. I really like what I am seeing: I have ACA bronze plan (cheapest) with $18030 premium. When I enrolled I was able get $18000 Premium Tax credit (based on my guess for expected income). On Form 1040, I...
by tfb
Mon Oct 01, 2018 6:33 pm
Forum: Investing - Help with Personal Investments
Topic: Do Bonds Go in Taxable?
Replies: 71
Views: 6850

Re: Do Bonds Go in Taxable?

So the scenario: In this day and age (2018), MFJ, 24% marginal or up, +/- state tax (don't think it matters), AA 80:20, 20-30 years till retirement, with this breakdown of accounts: - 50% traditional (401k) - 40% Roth IRA - 10% taxable When you have only 10% of the portfolio in taxable, where bonds...
by tfb
Tue Sep 25, 2018 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: 2019 ACA prices out
Replies: 47
Views: 4946

Re: 2019 ACA prices out

Bru - I have called up a few local health insurance reps. They don't even deal with the short term plans - just covered california which is our ACA . Web searches just return the virtually useless $200/day hospitalization plans for $250/month or so and result in massive amounts of emails/phone call...
by tfb
Tue Sep 25, 2018 12:26 am
Forum: Personal Finance (Not Investing)
Topic: Health care question - self employed- Whats your plan? Advice Needed
Replies: 24
Views: 2019

Re: Health care question - self employed- Whats your plan? Advice Needed

For those who are self employed, I understand health insurance costs are deductable against income. How does that impact qualification for potential ACA subsidies? I'm toying with doing some consulting in early retirement. Current cost for an ACA policy for my wife and i is about $30k per year. If ...
by tfb
Tue Sep 18, 2018 8:45 pm
Forum: Investing - Theory, News & General
Topic: Northwest FCU 3-year 3.04% Add-On CD
Replies: 361
Views: 38788

Re: Northwest FCU 3-year 3.04% Add-On CD

I just logged in with Chrome and both my savings account and the CD disappeared. If it happens to you try a different Browser. Firefox worked for me.
by tfb
Tue Sep 18, 2018 1:02 am
Forum: Personal Finance (Not Investing)
Topic: BofA - Am I Shadow-Loaning to Them?
Replies: 9
Views: 888

Re: BofA - Am I Shadow-Loaning to Them?

Or am I being unfair and paranoid? Yes. B of A uses a bill pay provider between their banking side and their credit card side. The bill pay provider has to get the money from the banking side first and then pay the credit side. If you use B of A bill pay to pay a Chase credit card, the process is t...
by tfb
Tue Sep 18, 2018 12:49 am
Forum: Personal Finance (Not Investing)
Topic: BofA - Am I Shadow-Loaning to Them?
Replies: 9
Views: 888

Re: BofA - Am I Shadow-Loaning to Them?

Or am I being unfair and paranoid? Yes. B of A uses a bill pay provider between their banking side and their credit card side. The bill pay provider has to get the money from the banking side first and then pay the credit side. If you use B of A bill pay to pay a Chase credit card, the process is t...
by tfb
Fri Sep 14, 2018 2:17 am
Forum: Investing - Help with Personal Investments
Topic: Any issues keeping <$1MIL in VMFXX (Money Market Fund)?
Replies: 21
Views: 3169

Re: Any issues keeping <$1MIL in VMFXX (Money Market Fund)?

Going to start my Vanguard journey with $500K-1MIL (3 fund portfolio) - but while I'm waiting to sort out details of allocation I want, etc -- are there any issues or repercussions with keeping that money in VMFXX in the meantime for up to 3 months or so? While everyone else talked about money mark...
by tfb
Wed Sep 12, 2018 1:15 pm
Forum: Investing - Theory, News & General
Topic: Mega backdoor roth vs Keeping company issued stock
Replies: 9
Views: 608

Re: Mega backdoor roth vs Keeping company issued stock

My understanding is that even if I'd like to keep the company issued stock (and not buy VTSAX or what have you with the money), I should sell the stock as soon as it vests, move it to my 401k -> Roth IRA. You can only contribute from your paychecks. So contribute, move to Roth IRA, buy company stoc...
by tfb
Tue Sep 11, 2018 5:53 pm
Forum: Personal Finance (Not Investing)
Topic: Lab test prices - exasperating!
Replies: 101
Views: 6098

Re: Lab test prices - exasperating!

If there is an easy straightforward way to get prices on lab blood tests, could someone please tell me? I recently found some good use of a cost estimator tool provided by my insurance company. I successfully used it for an MRI and found a provider that charged 1/2 of what the doctor's affiliated f...