Search found 7925 matches

by tfb
Mon Aug 13, 2018 10:55 pm
Forum: Investing - Help with Personal Investments
Topic: Asked my advisor about fees and here's their reply
Replies: 60
Views: 8902

Re: Asked my advisor about fees and here's their reply

But now that I've learned a little about Vanguard I asked my current company about what my fees are and here is the info they replied with: "Your fees are 1.1% of assets under management, and internal fees of .35% and around $20 per trade. The internal fund fees are within the mutual funds themselv...
by tfb
Mon Aug 13, 2018 11:46 am
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 242
Views: 22418

Re: "Open Social Security" calculator: feature requests, bug reports, etc

In short, I'm not sure what the user experience should be, when a person wants to go back and forth, changing both the inputs above (e.g., discount rate or mortality table) as well as the inputs below. The way the calculator is currently coded was my best guess for the most intuitive behavior, but ...
by tfb
Sun Aug 12, 2018 9:22 pm
Forum: Personal Finance (Not Investing)
Topic: Family HDHP & HSA
Replies: 4
Views: 413

Re: Family HDHP & HSA

1) If one spouse is on Medicare and the other spouse & a child have a Family HDHP, can the non-medicare spouse contribute to HSA at family level? 2) Is that still the case if that child happens to be betn. 18-25, and not a tax dependent but is on the parent's insurance. 3) I am assuming the Medicar...
by tfb
Fri Aug 10, 2018 10:59 am
Forum: Investing - Theory, News & General
Topic: The Bigger Story: Fidelity Expense Ratios
Replies: 98
Views: 10894

Re: The Bigger Story: Fidelity Expense Ratios

Remember so many people still are not investing in index funds yet. If they became aware because they saw a Fidelity ad on TV, it's going to be a win regardless whether they get into index funds from Fidelity or Vanguard. Who's "the best" isn't as important as getting closer to good.
by tfb
Fri Aug 10, 2018 9:34 am
Forum: Personal Finance (Not Investing)
Topic: HSAs - Rollovers
Replies: 7
Views: 501

Re: HSAs - Rollovers

2. Rollover dollars from an IRA into an HSA. This would reduce RMDs (not by much), would fund your HSA for qualified medical expenses but you would not get the tax deduction like in #1 but you would convert what would've been a fully taxable distribution from your IRA into a completely tax free ass...
by tfb
Thu Aug 09, 2018 11:21 pm
Forum: Investing - Theory, News & General
Topic: Vanguard to offer non-Vanguard ETFs commission-free
Replies: 245
Views: 23919

Re: Vanguard to offer non-Vanguard ETFs commission-free

They still don't have a date for availability. I think it's a harder problem than marketing people realized. How do you know which ticker is an ETF, not a stock? If they just go by a white list there will be a lag when new ETFs are being created every day. Invariably a customer will say "Hey that's...
by tfb
Tue Aug 07, 2018 6:41 pm
Forum: Investing - Help with Personal Investments
Topic: Nervous about not using a personal wealth manager. How do I do this myself?
Replies: 135
Views: 6973

Re: Planning to invest in these funds -- any issues?

At this point, we plan on managing the portfolio ourselves. He is recommending that we purchase the following funds. Feedback on whether there are any problems with these recommendations would be much appreciated. As I wrote previously, no big red flags. If you just buy these as-is, it's not the en...
by tfb
Sun Aug 05, 2018 11:48 am
Forum: Personal Finance (Not Investing)
Topic: [Calculating future Social Security benefits: How do I adjust the discount rate?]
Replies: 25
Views: 1245

Re: [Calculating future Social Security benefits: How do I adjust the discount rate?]

Without speculating here about what future changes might occur, my question is "How should one adjust the discount rate, taking into account the risk of possible future benefits reductions?" There's already an item on the to-do list for enhancing the Open Social Security tool: 5) Option to include ...
by tfb
Sun Aug 05, 2018 10:58 am
Forum: Personal Finance (Not Investing)
Topic: Has Anyone Used Grove for CFP Guidance?
Replies: 6
Views: 656

Re: Has Anyone Used Grove for CFP Guidance?

LadyGeek wrote:
Sat Aug 04, 2018 8:37 pm
Caution, I'm having a problem confirming the advisors listed as CFP® at the Grove website Our advisors.
They probably showed a different first name than the legal first name as in Bob versus Robert. This firm has five CFP advisors on staff (or contract?). Their average age is 31 (median 29).
by tfb
Sat Aug 04, 2018 2:19 am
Forum: Investing - Theory, News & General
Topic: Fidelity eliminated $50 IRA closeout fee
Replies: 9
Views: 1614

Re: Fidelity eliminated $50 IRA closeout fee

Dead Man Walking wrote:
Fri Aug 03, 2018 11:11 pm
When will the elimination of the close out fee take affect?
It has already taken effect.
by tfb
Fri Aug 03, 2018 12:30 pm
Forum: Investing - Help with Personal Investments
Topic: Nervous about not using a personal wealth manager. How do I do this myself?
Replies: 135
Views: 6973

Re: Financial Planner is going to buy funds for me. What should I find out first before letting him?

My new wife and I just spent about $2k on a financial planner to get an investment plan in place. We really liked the advisor we worked with and found the process very helpful. After getting tons of helpful feedback in a previous post of mine on weather to use his firm for wealth management, I am p...
by tfb
Fri Aug 03, 2018 12:14 pm
Forum: Investing - Theory, News & General
Topic: Fidelity eliminated $50 IRA closeout fee
Replies: 9
Views: 1614

Fidelity eliminated $50 IRA closeout fee

We had many threads over the years from posters annoyed by a $50 fee charged by Fidelity for closing out an IRA. Some leave a small balance in a Fidelity IRA simply to avoid this fee. Fidelity charges to close accounts! 50.00 Fee from Fidelity for transfer Annoyed with Fidelity A small rant about a ...
by tfb
Thu Aug 02, 2018 8:28 pm
Forum: Investing - Theory, News & General
Topic: How much does it matter, considering scatter? Part 1 of many: Introduction
Replies: 38
Views: 4787

Re: How much does it matter, considering scatter? Part 1 of many: Introduction

Now, there's just no away around the personal factor. Some people would say that $60.80 is $60.80, whether it's in the context of an extra gain or a reduced loss. To me, I will say that I don't think that $60 either way matters very much to me , in the face of a $30,000 variation. I would also say ...
by tfb
Thu Aug 02, 2018 7:14 pm
Forum: Investing - Theory, News & General
Topic: How much does it matter, considering scatter? Part 1 of many: Introduction
Replies: 38
Views: 4787

Re: How much does it matter, considering scatter? Part 1 of many: Introduction

The green and red dots are the final outcomes of 500 Monte Carlo simulations of the possible performance of the two funds. Possibly I still don't quite understand the methodology. We have a cloud of green dots and a cloud of red dots representing a range of outcomes. We show they pretty much overla...
by tfb
Thu Aug 02, 2018 6:32 pm
Forum: Personal Finance (Not Investing)
Topic: SocialSecurity.tools updated to include spousal benefits
Replies: 56
Views: 5666

Re: SocialSecurity.tools updated to include spousal benefits

This thread is now in the wiki: Social Security: member contributions - We now have a section for calculators. Some calculators/tools listed on the wiki page below are no longer available or inferior to SocialSecurity.tools and Open Social Security. https://www.bogleheads.org/wiki/Tools_and_calcula...
by tfb
Thu Aug 02, 2018 12:54 pm
Forum: Investing - Help with Personal Investments
Topic: Nervous about not using a personal wealth manager. How do I do this myself?
Replies: 135
Views: 6973

Re: Nervous about not using a personal wealth manager. How do I do this myself?

Katietsu wrote:
Thu Aug 02, 2018 12:42 pm
I wonder if tfb noticed the VUL policy when he said there were no red flags.
Where? I didn't see anything posted by the OP. That said, if the plan isn't good, the OP should get a good plan and then follow it him/herself.
by tfb
Thu Aug 02, 2018 12:13 pm
Forum: Investing - Help with Personal Investments
Topic: Nervous about not using a personal wealth manager. How do I do this myself?
Replies: 135
Views: 6973

Re: Nervous about not using a personal wealth manager. How do I do this myself?

My new wife and I just spent about $2k on a financial planner to get an investment plan in place. We really liked the advisor we worked with and found the process very helpful. We're unsure of whether to do this. It appears that the general opinion on this forum is that private wealth management is...
by tfb
Thu Aug 02, 2018 1:40 am
Forum: Investing - Help with Personal Investments
Topic: Bottom of the MAGI bucket - Interest vs dividends
Replies: 10
Views: 742

Re: Bottom of the MAGI bucket - Interest vs dividends

Here's my question: In what order are dividends and bank interest "stacked?" Let's say that I received no salary, $30,000 of bank of interest, and $30,000 of qualified dividends. Would the interest be at the "bottom of the bucket" and taxed at the 10% and 12% ordinary tax levels, then the dividends...
by tfb
Thu Aug 02, 2018 12:17 am
Forum: Investing - Help with Personal Investments
Topic: Bottom of the MAGI bucket - Interest vs dividends
Replies: 10
Views: 742

Re: Bottom of the MAGI bucket - Interest vs dividends

Here's my question: In what order are dividends and bank interest "stacked?" Let's say that I received no salary, $30,000 of bank of interest, and $30,000 of qualified dividends. Would the interest be at the "bottom of the bucket" and taxed at the 10% and 12% ordinary tax levels, then the dividends...
by tfb
Wed Aug 01, 2018 11:08 am
Forum: Personal Finance (Not Investing)
Topic: Effect of Current Income on Decision to Retire Early
Replies: 76
Views: 6352

Re: Effect of Current Income on Decision to Retire Early

I was trying to introduce a new metric that is not discussed much but that becomes increasingly relevant as one approaches retirement age, and that is how much effect does current salary have on the decision to retire? It has a large effect. If I'm 40 and by working one more year I can double my ne...
by tfb
Wed Aug 01, 2018 10:44 am
Forum: Personal Finance (Not Investing)
Topic: If History says.... would you change 4% rule ?
Replies: 27
Views: 2875

Re: If History says.... would you change 4% rule ?

Even accounting for massive stock market SPX, +0.75% crashes — like the wipeouts of 2000-2002 and 2007-2009 — Kitces’ research, which goes all the way back to the 1870s and uses data from famed Yale economist Robert Shiller — found that in more than two-thirds of the time, the average person, after...
by tfb
Mon Jul 30, 2018 7:27 am
Forum: Personal Finance (Not Investing)
Topic: Clarification Needed: ACA Cliff - Tax Tables and 0% Cap Gains Havesting
Replies: 7
Views: 1010

Re: Clarification Needed: ACA Cliff - Tax Tables and 0% Cap Gains Havesting

In conclusion for my situation I should be able to increase my CapGains until I reach my MAGI ACA limit because there's no possibility of me going past the actual 0% CapGains bracket. However, increasing your long-term capital gains can reduce your ACA subsidy. In one simple case using the spreadsh...
by tfb
Sun Jul 22, 2018 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: Daughter Harassed Because No Loans
Replies: 13
Views: 1788

Re: Daughter Harassed Because No Loans

If her friends will pay off the loans themselves in the future, they are indeed independent. They will be financially worse off because of it. It's expected that being independent makes one financially worse off than having an external source of income.
by tfb
Thu Jul 19, 2018 2:03 pm
Forum: Personal Finance (Not Investing)
Topic: Job vs term life insurance
Replies: 35
Views: 3044

Re: Job vs term life insurance

I have currently life insurance at my employer. Because benefits are based on my salary, it's ~40% cheaper of what I would get looking at term4sale. I don't grasp the full implications of it. My questions (and other comments you may think of): - Which the real difference between job and term LI? Ju...
by tfb
Wed Jul 18, 2018 10:39 am
Forum: Personal Finance (Not Investing)
Topic: New book based on Millionaire Next Door
Replies: 120
Views: 17187

Re: New book based on Millionaire Next Door

I still think lawyers and Dr's represent higher than their proportion of millionaires in America. They may do less with more, but they still are at that level in absolute terms relative to their proportions in the workforce I believe. Obviously small business owners that don't have to flaunt it mak...
by tfb
Mon Jul 09, 2018 9:13 pm
Forum: Personal Finance (Not Investing)
Topic: Mega backdoor Roth: confusing form for in-service withdrawal
Replies: 7
Views: 510

Re: Mega backdoor Roth: confusing form for in-service withdrawal

The investor would like to move the after-tax contributions to a Roth IRA, and the earnings on those after-tax contributions to a traditional IRA. The plan allows in-service withdrawals of after-tax contributions and earnings but the form confuses the investor. Not all plans allow the split rollove...
by tfb
Sun Jul 08, 2018 8:54 pm
Forum: Personal Consumer Issues
Topic: Honda key remotes/transponders
Replies: 5
Views: 697

Re: Honda key remotes/transponders

Making a new key start the car requires programming at the dealership but making a remote open the door does not. Search for YouTube videos on how to do the programming by a sequence of key presses and turning the key. By the way both still work on my original key from 2005. So I don't think you sho...
by tfb
Fri Jul 06, 2018 9:01 am
Forum: Personal Finance (Not Investing)
Topic: 10 years to lose wealth applicable to bogleheads ?
Replies: 32
Views: 4015

Re: 10 years to lose wealth applicable to bogleheads ?

High-income earners have a hard time remaining at the top. Almost all of those who make it to the top 1% find themselves earning less within a decade. ... ... Bogleheads, what do you think ? Does the above apply to you ? This applies to me. If I ever made it to 1%, I didn't stay there for long, but...
by tfb
Mon Jul 02, 2018 9:26 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity Fees For Bond Purchases
Replies: 8
Views: 722

Re: Fidelity Fees For Bond Purchases

LTCPDA wrote:
Mon Jul 02, 2018 3:58 pm
Fidelity will charge me a $2,000 fee for purchasing $500,000 of muni bonds based on my requirements.
What are those requirements? You will have to pay the markup on top of the fee. It's much less expensive to relax the requirements and just buy a muni bond fund.
by tfb
Mon Jul 02, 2018 9:10 pm
Forum: Personal Finance (Not Investing)
Topic: Fed survey: 40% of adults cannot cover a $400 emergency expense
Replies: 48
Views: 5334

Re: Fed survey: 40% of adults cannot cover a $400 emergency expense

I wasn't sure whether this belongs here ("News") or under personal finance. Fed survey shows 40 percent of adults still can't cover a $400 emergency expense I was really surprised by this. You usually hear about how you are supposed to have 3-6 months of expenses saved in an emergency fund. I have ...
by tfb
Sun Jul 01, 2018 1:32 am
Forum: Personal Finance (Not Investing)
Topic: Local Bank Branch Consolidation - Huh?
Replies: 12
Views: 1087

Re: Local Bank Branch Consolidation - Huh?

Banks report to regulators the amount of deposits by branch. If you go to FDIC you can look at reports of banks' deposit market share in each zip code. So they have to assign each account to a branch.
by tfb
Fri Jun 22, 2018 12:21 am
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 242
Views: 22418

Re: "Open Social Security" calculator: feature requests, bug reports, etc

Yours was a real eye opener as it suggested he start SS at 62 + 1 month and I file spousal benefits at 66 and 2 months. Then file my own at 70. This was intriguing b/c everything I ever read said the higher earner should file at 70. That's because you have a unique opportunity to file a restricted ...
by tfb
Thu Jun 21, 2018 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 242
Views: 22418

Re: "Open Social Security" calculator: feature requests, bug reports, etc

GeraniumLover wrote:
Thu Jun 21, 2018 8:39 pm
Then why does Open Social Security ask about when you are going to retire and future earnings?
It's for the earnings test, in case you claim while you are working.
by tfb
Thu Jun 21, 2018 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 242
Views: 22418

Re: "Open Social Security" calculator: feature requests, bug reports, etc

I think this is my problem. When prompted for PIAs, I entered the full retirement age #s from the SS benefit report. But these assume continued earnings at present level through full retirement age. I don't know how this tool is meant to work when early retirement is involved. You can project your ...
by tfb
Wed Jun 06, 2018 9:31 pm
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 242
Views: 22418

Re: "Open Social Security" calculator: feature requests, bug reports, etc

My original thought was that coordinating spousal benefits (restricted applications in particular) is easier using dates (i.e., so you can just pick the same date), rather than "OK, my spouse is 3 years and 4 months younger than me, which means that when I'm 66, she'll be..." That's certainly true....
by tfb
Wed Jun 06, 2018 12:42 pm
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 242
Views: 22418

Re: "Open Social Security" calculator: feature requests, bug reports, etc

One thing that would help me to make this calculator as useful as possible: if you have input about how you want these features to be implemented, that would be helpful. Copying my feature requests from the other thread: I would suggest showing sensitivity to the output. For example suppose it show...
by tfb
Wed Jun 06, 2018 9:46 am
Forum: Personal Finance (Not Investing)
Topic: Helping MIL with Reverse Mortgage/LTC Insurance
Replies: 10
Views: 1142

Re: Helping MIL with Reverse Mortgage/LTC Insurance

Yes, the $4800 a year is added to the loan balance whether or not she uses any more of the money from the RM. That may be the interest on the amount already owed though. You need to find out the exact terms. What's owed as of now? How much room does she have for additional draws? How much does the ...
by tfb
Tue Jun 05, 2018 10:16 pm
Forum: Personal Finance (Not Investing)
Topic: New SS claiming calculator ["Open Social Security" - ObliviousInvestor]
Replies: 65
Views: 6185

Re: New SS claiming calculator

I tried it. It works great. I would suggest showing sensitivity to the output. For example suppose it shows the computed optimal time for spouse is at age 65 and 6 months. How important is exactly 65 and 6 months? If a sensitivity button or graph shows anywhere between 62 and 68 changes the result b...
by tfb
Tue Jun 05, 2018 9:27 pm
Forum: Personal Finance (Not Investing)
Topic: Helping MIL with Reverse Mortgage/LTC Insurance
Replies: 10
Views: 1142

Re: Helping MIL with Reverse Mortgage/LTC Insurance

She will not consider moving, and the RM may render this impossible, in any case. If she's willing to move, she can just sell the home and pay off the balance on the reverse mortgage with the proceeds. That may free up additional funds for her depending on the value of the home and what's owed now ...
by tfb
Mon Jun 04, 2018 8:26 pm
Forum: Personal Finance (Not Investing)
Topic: Mega backdoor Roth & self directed solo 401k
Replies: 30
Views: 2405

Re: Mega backdoor Roth & self directed solo 401k

I am poised to make contributions in order to get the benefits of a Mega Backdoor Roth. I'm a little confused on the actual process. As someone who does this, I don't recommend doing it without a knowledgeable administrator. Employee Fiduciary charges $1,500 a year plus 0.08% of assets. That's your...
by tfb
Sat Jun 02, 2018 2:58 pm
Forum: Personal Finance (Not Investing)
Topic: Have $2.5M at 30, career advice needed
Replies: 49
Views: 5784

Re: Have $2.5M at 30, career advice needed

This math and expense make retiring not very possible at this stage. We do realize that if we were to move a LCOL with less taxes (like Seattle), we could practically retire. We do enjoy our jobs and very much enjoy working where we work now (both in high tech). Bay Area resident here. Other than n...
by tfb
Fri Jun 01, 2018 12:46 pm
Forum: Investing - Help with Personal Investments
Topic: Strategy for upcoming $3M windfall
Replies: 60
Views: 11970

Re: Strategy for upcoming $3M windfall

Don't be fooled by these large coupon numbers. If you paid above par your actual yields are a lot lower. Or these bonds can be very low quality. It's hard to tell which is the case without the CUSIP numbers, but either way your advisor misled you if you think you got good quality bonds at good yiel...
by tfb
Fri Jun 01, 2018 12:38 pm
Forum: Investing - Help with Personal Investments
Topic: Strategy for upcoming $3M windfall
Replies: 60
Views: 11970

Re: Strategy for upcoming $3M windfall

[*]AUSTIN TX SPL ASSMNT REVENUE 8.375% DUE 09/01/2022 [*]PUERTO RICO PUB BLDGS AUTH 6% DUE 07/01/2024 [*]HERTZ CORP SENIOR NOTE CALLABLE M/W 7.375% [*]TRIPLEPOINT VENTR GRW BDC CORP NT 5.75% DUE 7/15/22 [*]KINDRED HEALTHCARE INC SENIOR NOTE M/W 8% DUE 01/15/2020 Don't be fooled by these large coupo...
by tfb
Thu May 31, 2018 12:25 pm
Forum: Investing - Help with Personal Investments
Topic: Creative Planning vs Vanguard PAS
Replies: 95
Views: 7277

Re: Creative Planning vs Robo-advisor

Vanguard ETFs and Vanguard mutual funds are exactly equally tax efficient anyway because they are simply different share classes of the same fund. I would dispute that statement. They are not equal because the IRS treats them differently even though they may hold the exact same securities. For exam...
by tfb
Wed May 30, 2018 9:13 pm
Forum: Investing - Help with Personal Investments
Topic: Creative Planning vs Vanguard PAS
Replies: 95
Views: 7277

Re: Creative Planning vs Robo-advisor

I believe that asset location is real and an obvious benefit. So far I haven't seen any effect from tax loss harvesting and am unlikely to going forward. The tax efficiency of ETFs seems real according to everything I've read. Why go with mutual funds when ETFs offer known advantages. Yes, tax effi...
by tfb
Wed May 30, 2018 9:50 am
Forum: Investing - Help with Personal Investments
Topic: Creative Planning vs Vanguard PAS
Replies: 95
Views: 7277

Re: Creative Planning vs Robo-advisor

based on my reading, ETFs are likely to be more tax efficient than mutual funds. Someone sold you a number of exaggerations: on asset location, tax loss harvesting, and tax efficiency of ETFs. It seems anything related to tax just pulls you in. While there may be a difference in any one of these, t...
by tfb
Tue May 29, 2018 1:18 pm
Forum: Investing - Help with Personal Investments
Topic: Creative Planning vs Vanguard PAS
Replies: 95
Views: 7277

Re: Creative Planning vs Vanguard PAS

I think some of the services are more or less one time only so the value is diminished over time. That's the key. Asset location is also more or less one time. While the value is diminished over time, your cost in dollars goes up substantially over time. Since you are retired, without relatively la...
by tfb
Sun May 27, 2018 6:43 pm
Forum: Investing - Help with Personal Investments
Topic: Optimizing for the 12% bracket in early retirement
Replies: 17
Views: 3095

Re: Optimizing for the 12% bracket in early retirement

Dottie57 wrote:
Sun May 27, 2018 6:32 pm
Are you saying $10 of conversion (10bucks) Will negate the whole subsidy? (10% * 10) Sounds crazy.
Edited for better wording. 10% of the converted dollar, not 10% of the subsidy.
by tfb
Sun May 27, 2018 6:25 pm
Forum: Investing - Help with Personal Investments
Topic: Optimizing for the 12% bracket in early retirement
Replies: 17
Views: 3095

Re: Optimizing for the 12% bracket in early retirement

3) ACA premium subsidies / cost-sharing: If I can solve for #1 above (dividends), it might be possible to qualify for ACA premium subsidies/cost-sharing, assuming (big assumption) that those are still available in several years, but that would limit the 401k-to-Roth conversion amount. Which is bett...
by tfb
Sun May 27, 2018 2:32 pm
Forum: Investing - Help with Personal Investments
Topic: High Income Earner Humbly Seeks Advice
Replies: 83
Views: 20977

Re: High Income Earner Humbly Seeks Advice

Backdoor- after speaking with my accountant he also said it would be a hassle for little reward. His opinion. William Bernstein once said "If you've won the game, stop playing." At your income level, the $5,500 for a backdoor Roth and $5k to a kid's Roth are a drop in a bucket. You might as well tr...