Search found 7949 matches

by tfb
Sun Aug 26, 2018 7:51 pm
Forum: Investing - Help with Personal Investments
Topic: How often do you perform Mega Backdoor Roth in-service transfer?
Replies: 17
Views: 1366

Re: How often do you perform Mega Backdoor Roth in-service transfer?

Is it too much of a hassle paperwork wise to do an in-service transfer after every 401k contribution from my paycheck (twice a month)? Or should I do a more sane schedule (say monthly or quarterly) and roll the dice on taxable gains? Personal preference. I would do it quarterly. I'd like to reinfor...
by tfb
Sun Aug 26, 2018 7:43 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity Duplicate Funds Now That There Are No Minimums
Replies: 33
Views: 2706

Re: Fidelity Duplicate Funds Now That There Are No Minimums

Almost makes you think they'd rather you buy the more expensive freedom funds (actively managed) than their indexed (lower cost passively managed) freedom funds, because they sure don't make them easy to find. Why do you suppose that is? The Freedom Index funds aren't listed under "asset allocation...
by tfb
Sun Aug 26, 2018 12:23 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity Duplicate Funds Now That There Are No Minimums
Replies: 33
Views: 2706

Re: Fidelity Duplicate Funds Now That There Are No Minimums

Amphian wrote:
Sun Aug 26, 2018 12:00 pm
1. Are these all likely to stay separate funds, or will Fidelity likely be combining them into one ticker?
Fidelity said the existing share classes will merge into one in November.
by tfb
Sun Aug 26, 2018 12:18 am
Forum: Investing - Theory, News & General
Topic: Where's the Inflation Hedge for Short-Term TIPS?
Replies: 79
Views: 4961

Re: Where's the Inflation Hedge for Short-Term TIPS?

So for the five full years of operation, VTAPX appears to have lost 6.31% of its real value. Where's the inflation hedge? An inflation hedge doesn't mean a positive real return. Less interest risk rate also doesn't mean no interest rate risk. The real yield on 5-year TIPS was negative 1.5% at the b...
by tfb
Fri Aug 24, 2018 1:43 am
Forum: Personal Finance (Not Investing)
Topic: SALT: IRS issues proposed regs for State Tax Credit for Donation
Replies: 62
Views: 6226

Re: SALT: IRS issues proposed regs for State Tax Credit for Donation

A 36 page reading assignment is a whole lot longer answer than I was looking for. Perhaps somebody else can answer this question with an actual (i.e. dollars) answer: How much would you be able to deduct from your federal taxes if you paid your $11,500 property tax bill with $10,000 cash and a $1,5...
by tfb
Wed Aug 22, 2018 7:01 pm
Forum: Personal Finance (Not Investing)
Topic: HSA account with the lowest cost: HSA bank or Vanguard?
Replies: 36
Views: 28074

Re: HSA account with the lowest cost: HSA bank or Vanguard?

Just shopping around for less fee'd as BOA is a $4.50 monthly fee. Vanguard is recommending below. Since this the last post was so old I'm curious what others are doing now? Rumor says Fidelity will start offering HSA to the general public in Q4 2018. If you are not in a hurry maybe wait to see if ...
by tfb
Tue Aug 21, 2018 11:10 pm
Forum: Investing - Help with Personal Investments
Topic: Asked my advisor about fees and here's their reply
Replies: 60
Views: 8975

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

You can invest in balanced funds in a taxable account, but it is often not advisable. It makes it difficult to manage taxes for each asset class separately and it may not be the most tax-efficient portfolio in a taxable account. It still might be worth it to save a 1% advisor fee, but maybe not to ...
by tfb
Tue Aug 21, 2018 12:51 pm
Forum: Investing - Help with Personal Investments
Topic: Does this Solo 401k Plan Make Sense?
Replies: 6
Views: 430

Re: Does this Solo 401k Plan Make Sense?

I have most of my investments with Vanguard and would otherwise open this account there as well, but they don't offer the loan option. e-Trade looks like the best provider that does offer the loan option. Since any use of this loan feature would be several years down the line if it happened at all ...
by tfb
Mon Aug 20, 2018 6:37 pm
Forum: Investing - Help with Personal Investments
Topic: Naive rebalancing question
Replies: 16
Views: 1391

Re: Naive rebalancing question

The great thing here is that you'll be selling high to buy low. Not really. You will sell high, buy higher. Example: Year 1: stocks +20%, bonds +3% ==> sell stocks, buy bonds Year 2: stocks +5%, bonds +2% ==> sell stocks, buy bonds Year 3: stocks +3%, bonds +5% ==> sell bonds, buy stocks, but stock...
by tfb
Mon Aug 20, 2018 12:11 pm
Forum: Investing - Help with Personal Investments
Topic: More than $55,000 in 401k contributions this year ?
Replies: 27
Views: 3291

Re: More than $55,000 in 401k contributions this year ?

madbrain wrote:
Sun Aug 19, 2018 10:38 pm
My question is whether that $55k limit is across all plans, or per-plan. I switched job from one Megacorp to another Megacorp, and they are unrelated companies.
Per plan.
by tfb
Mon Aug 20, 2018 12:08 pm
Forum: Investing - Help with Personal Investments
Topic: Question about HSA from previous employer
Replies: 5
Views: 563

Re: Question about HSA from previous employer

Background: The last company I worked for enrolled everyone in a high deductible plan and opened up an HSA account with Optum Bank for every employee for which they contributed a specific amount each month. I have since left that employer and am now enrolled in a non-high deductible health plan wit...
by tfb
Mon Aug 20, 2018 11:06 am
Forum: Personal Finance (Not Investing)
Topic: Solo 401k vs Sep Ira vs unique solo401k
Replies: 16
Views: 1063

Re: Solo 401k vs Sep Ira vs unique solo401k

My question basically was, should I sell my taxable to contribute to non-roth post tax money, and then convert this to roth IRA (as I don't have any actual money to place 55K in immediately before next tax season comes up, but I DO have a large taxable account that I can tap into, I just didn't kno...
by tfb
Sun Aug 19, 2018 10:41 am
Forum: Investing - Theory, News & General
Topic: The problem with 'saving receipts' for future qualified HSA withdrawals
Replies: 24
Views: 2922

Re: The problem with 'saving receipts' for future qualified HSA withdrawals

In HSA accounts, we get an income tax deduction at the time of contribution. We get tax-free withdrawals when we withdrawal for a qualified medical expense in that year or a year prior. Because of this, a strategy is often suggested where we cash-flow medical expenses and leave HSA assets in the HS...
by tfb
Sat Aug 18, 2018 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: AMT absorbs Premium Tax Credit (PTC) repayment
Replies: 3
Views: 607

Re: AMT absorbs Premium Tax Credit (PTC) repayment

Chances are you won't pay AMT again in 2018 and you won't have anything to absorb it. If what you found is true, 2017 was the last year it worked.
by tfb
Sat Aug 18, 2018 11:28 am
Forum: Personal Finance (Not Investing)
Topic: What is the difference between minimum payment and statement balance for 0 APR card
Replies: 9
Views: 850

Re: What is the difference between minimum payment and statement balance for 0 APR card

Sometimes if you don't pay off before the 0% ends, you owe interest retroactively. So at least pay enough to make sure it's paid off before the 0% ends. Give yourself some room for error. If it's 0% for 12 months, pay it off in 10 months. I have done 0% promotional deals on several cards and none h...
by tfb
Fri Aug 17, 2018 11:45 pm
Forum: Personal Finance (Not Investing)
Topic: What is the difference between minimum payment and statement balance for 0 APR card
Replies: 9
Views: 850

Re: What is the difference between minimum payment and statement balance for 0 APR card

Since it is a 0% APR card, I was thinking of paying only the minimum amount. Anything I need to watch out for? The 0% usually has a time limit. Paying the minimum doesn't necessarily pay if off before the 0% ends. Sometimes if you don't pay off before the 0% ends, you owe interest retroactively. So...
by tfb
Fri Aug 17, 2018 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: Help with ACA Planning Resources?
Replies: 5
Views: 592

Re: Help with ACA Planning Resources?

I am working through the multitude of issues I need to address in order to execute my FIRE plan. One of which is understanding how I may be able to use the ACA subsidy program and the related income limitations. I know that world will likely look very different when I reach my FIRE goal in 3-4 year...
by tfb
Thu Aug 16, 2018 9:10 pm
Forum: Personal Finance (Not Investing)
Topic: Feedback requested on plan to lower income to qualify for ACA Subsidy
Replies: 17
Views: 1363

Re: Feedback requested on plan to lower income to qualify for ACA Subsidy

I'm a little bit confused by this part: "First in order to get on the exchange (subsidy or no subsidy), you have to show your employer-provided insurance is unaffordable. This is the 9.86% test. Once you are allowed to get on..." Sorry I was wrong. They let you on but you don't get a subsidy. So yo...
by tfb
Thu Aug 16, 2018 8:51 pm
Forum: Investing - Help with Personal Investments
Topic: Why the Yale Endowment Hate? [Request for portfolio help]
Replies: 112
Views: 9386

Re: Why the Yale Endowment Hate?

In my Roth IRA, I have the following allocation, which is the Yale Endowment model with a small-cap value tilt: Total Market 35.0% Real Estate 20.0% Small Cap Value 10.0% International Dev. 15.0% Emerging Markets 5.0% TIPS 7.5% Long-term Treasuries 7.5% I've been hearing index investors lambasting ...
by tfb
Thu Aug 16, 2018 8:43 pm
Forum: Investing - Help with Personal Investments
Topic: High tax bracket - Go 100% Roth in tax advantaged?
Replies: 47
Views: 4224

Re: High tax bracket - Go 100% Roth in tax advantaged?

Investment Rate: - Taxable: 195.0 k /yr - 403b: 23.8 k /yr (pretax, includes match) - 457(non-gov): 18.5 k /yr (pretax, no match) - IRA: 5.5 k /yr (ROTH) Because your 403b and 457 contributions make up less than 15% of your total annual savings, I don't think you need to worry about whether they sh...
by tfb
Thu Aug 16, 2018 8:22 pm
Forum: Personal Finance (Not Investing)
Topic: Feedback requested on plan to lower income to qualify for ACA Subsidy
Replies: 17
Views: 1363

Re: Feedback requested on plan to lower income to qualify for ACA Subsidy

Since the lowest-cost option available to cover only me for health insurance is $543/month (more than 9.86% of our MAGI), would I be correct in assuming that I would qualify for a premium tax credit if I were to make the above contributions? Those are two separate issues. First in order to get on t...
by tfb
Thu Aug 16, 2018 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: ADP and ACP tests
Replies: 4
Views: 366

Re: ADP and ACP tests

Does anyone out there understand what he's saying and can put this in layman's terms? Tests - government mandated rules on 401k plans to make sure the rank and file employees get enough benefits from the plan. There are two tests: (1) ADP test - concerns primarily pre-tax contributions; (2) ACP tes...
by tfb
Thu Aug 16, 2018 3:30 pm
Forum: Investing - Theory, News & General
Topic: Vanguard to offer non-Vanguard ETFs commission-free
Replies: 245
Views: 24320

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

From Vanguard Blog today:

What do commission-free ETFs mean for you?

It'll be bad PR if they aren't able to roll it out by 8/31.
by tfb
Tue Aug 14, 2018 9:47 am
Forum: Investing - Help with Personal Investments
Topic: Asked my advisor about fees and here's their reply
Replies: 60
Views: 8975

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

The other thing that caught my attention is the claim that "trade fees are only relevant if we are changing your allocation or you are making a deposit or withdrawal." Does this mean that the advisor scrapes off $20 each time you contribute cash to your account? That strikes me as ludicrous. What b...
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: 8975

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: 290
Views: 27375

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: 435

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: 11178

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: 512

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: 24320

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: 7110

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: 1268

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: 671

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: 1735

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: 7110

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: 1735

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: 4887

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: 4887

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: 5830

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: 7110

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: 7110

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: 761

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: 761

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: 6401

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: 2884

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: 1017

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: 1796

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: 3114

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: 17508

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: 535

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...