Search found 7889 matches

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: 1119

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: 5898

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: 1119

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: 28
Views: 2010

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: 5614

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: 11775

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: 11775

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: 94
Views: 6592

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: 94
Views: 6592

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: 94
Views: 6592

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: 94
Views: 6592

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: 3020

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: 3020

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: 20396

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...
by tfb
Wed Apr 04, 2018 12:27 am
Forum: Personal Finance (Not Investing)
Topic: This-millennial-couple-is-saving-150000-a-year-and-plans-to-retire-by-2029-heres-how-they-
Replies: 136
Views: 11895

Re: This-millennial-couple-is-saving-150000-a-year-and-plans-to-retire-by-2029-heres-how-they-

Don't get distracted by eating Chinese greens or taking the bus. If they didn't do all that they would still be saving $120,000 a year instead of $150,000 a year. The real drivers for the high savings are having in-demand skills commanding big paychecks and having in-demand properties generating Air...
by tfb
Tue Apr 03, 2018 9:35 am
Forum: Investing - Theory, News & General
Topic: Best longevity calculator?
Replies: 32
Views: 3408

Re: Best longevity calculator?

jefmafnl wrote:
Tue Apr 03, 2018 5:57 am
What is your favorite (most accurate :) ) longevity calculator on the Internet?
http://www.longevityillustrator.org/

From Society of Actuaries and American Academy of Actuaries, people who know this stuff.
by tfb
Tue Apr 03, 2018 9:28 am
Forum: Investing - Help with Personal Investments
Topic: Bond fund vs. CD
Replies: 26
Views: 4408

Re: Bond fund vs. CD

Things like this have been discussed in general, but I'd like to ask about a specific situation, namely the pros/cons of a 3-year brokerage CD yielding 2.5% and a short-term bond fund, with duration of 3 years, also yielding 2.5%, neglecting here that the former is FDIC insured. So with the former,...
by tfb
Fri Mar 30, 2018 12:40 am
Forum: Investing - Help with Personal Investments
Topic: Winding down a balanced fund in taxable
Replies: 5
Views: 878

Re: Winding down a balanced fund in taxable

A few years back, I put taxable assets into an actively managed 60/40 balanced fund. This seemed like a great idea at the time, and the balanced portfolio helped me sleep. But, having gone through all the boglehead videos, it seems like this was not best choice , because 1) it's not an index fund, ...
by tfb
Wed Mar 28, 2018 10:28 pm
Forum: Personal Finance (Not Investing)
Topic: 403b Annual Additions Limit now per employer
Replies: 6
Views: 679

Re: 403b Annual Additions Limit now per employer

This has major implications for a 403b participant who also has a decent sized side business sponsoring a SEP IRA or solo K plan. Under the old interpretation there was a total limit of 55,000 over these plans which usually functioned to limit the contributions for the side business. The 403b limit...
by tfb
Sun Mar 25, 2018 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: Deciphering my 401k Annual Report
Replies: 5
Views: 478

Re: Deciphering my 401k Annual Report

If the buyout happened during the year in question, the 3 previous partners still worked and should've received profit sharing. If all partners are older on average, the employer may have chosen an allocation method that benefited the partners disproportionately. It doesn't necessarily reflect your ...
by tfb
Sun Mar 25, 2018 7:32 pm
Forum: Personal Finance (Not Investing)
Topic: Help! Possible to receive my bonus?
Replies: 29
Views: 3776

Re: Help! Possible to receive my bonus?

I accepted a new position (handshake deal in December, signed offer letter in March) but unfortunately have to start three weeks before my current employer's payout due to some specific circumstances that could not be altered. If your new employer wanted you to start sooner, which will cause you to...
by tfb
Sun Mar 25, 2018 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: Non-Owner Car Insurance
Replies: 11
Views: 1325

Re: Non-Owner Car Insurance

Question: If you were to drive a borrowed (and insured) car from a friend or acquaintence - and were involved in a potential liability accident, which insurance would cover this first - your (non-owner) or the owner's? That's a great question. I'm not sure but I think the answer is that the non-own...
by tfb
Thu Mar 22, 2018 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: Power of attorney for a particular asset that supersedes power of attorney listed in will
Replies: 86
Views: 4409

Re: Power of attorney for a particular asset that supersedes power of attorney listed in will

During our annual meeting yesterday, he mentioned that Ameriprise now has a power of attorney form for my accounts with them that he thought would supersede any previous power of attorney documents I have in my will and asked whom I wished to name as my power of attorney. I think he's talking about...
by tfb
Mon Mar 19, 2018 10:58 pm
Forum: Personal Finance (Not Investing)
Topic: Can I Retire at 38?
Replies: 118
Views: 13598

Re: Can I Retire at 38?

Yes you can retire. The only question is what kind of lifestyle you want after you retire. Anybody can retire if they are willing to match their lifestyle to the amount of money that supports it.
by tfb
Mon Mar 19, 2018 10:49 pm
Forum: Investing - Theory, News & General
Topic: Parking Business Cash - WHERE?
Replies: 21
Views: 3035

Re: Parking Business Cash - WHERE?

Look into opening brokerage account (Fidelity/Schwab etc) for business which will increase number of options that you have. What options exactly? Not looking to buy into index funds, stocks or bonds. The primary goal is keeping principal while not eroding to inflation. So very little, if non-exista...
by tfb
Sun Mar 18, 2018 9:47 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Personal Advisory Services Fees
Replies: 49
Views: 4904

Re: Vanguard Personal Advisory Services Fees

Schwab intelligent advisor is not a personal advisor but mostly robo investing with occasional discussion with financial planner. Its service that is similar to Vanguard PAS appears to be more expensive. Am I missing something? Schwab caps the fees at $3,600/year. For a $3 million account, Vanguard...
by tfb
Sun Mar 18, 2018 9:35 pm
Forum: Personal Finance (Not Investing)
Topic: Spoke to a financial advisor yesterday - what do you think he's up to?
Replies: 81
Views: 9053

Re: Spoke to a financial advisor yesterday - what do you think he's up to?

The problem with much of the discussion on this thread is that just yelling YOUR GETTING SCAMMED isn't very convincing. I can agree with it or disagree with it but you're not taking the time to engage me. The salesperson is very clever is transferring the burden of convincing to you. All of a sudde...
by tfb
Sun Mar 18, 2018 9:11 pm
Forum: Personal Finance (Not Investing)
Topic: My 401ks Summary Plan Description leaves a lot out (Rolling-out what was rolled-in)
Replies: 1
Views: 247

Re: My 401ks Summary Plan Description leaves a lot out (Rolling-out what was rolled-in)

I want to do something unusual with my 401k, but it's really hard to know whether I'm doing it correctly, because they keep their information hidden - this stuff isn't in the Summary Plan Description. Can you give me some advice on how to be sure that I'm getting this right even though I can only g...
by tfb
Sun Mar 18, 2018 12:19 am
Forum: Personal Finance (Not Investing)
Topic: Spoke to a financial advisor yesterday - what do you think he's up to?
Replies: 81
Views: 9053

Re: Spoke to a financial advisor yesterday - what do you think he's up to?

how would I have considered setting up a trust in the case that my son inherits over a million dollars due to our deaths? It just never would have occurred to me. This is quite rudimentary in estate planning. You would've discovered it if you thought of exploring what happens after you both die and...
by tfb
Wed Mar 14, 2018 12:05 am
Forum: Investing - Help with Personal Investments
Topic: Market Link CD
Replies: 5
Views: 767

Re: Market Link CD

I was pitched this by a financial planner. My first was red flag was when he said there is no risk. I told him, everything has some level of risk. I was just curious about it, I just wanted to learn a little more to be educated about how these products work, and I am already finding out some of the...
by tfb
Tue Mar 13, 2018 12:05 am
Forum: Personal Finance (Not Investing)
Topic: Fix overcontribution to non-deductible portion Solo401k plan
Replies: 10
Views: 845

Re: Fix overcontribution to non-deductible portion Solo401k plan

DavidRoseMountain wrote:
Mon Mar 12, 2018 10:52 pm
Also, Harry did you do something new to the spreadsheet, because now it works exactly as Spirit Rider's math reveals.
I tried to make it calculate correctly, although I still can't guarantee it does for every case.
by tfb
Mon Mar 12, 2018 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: Fix overcontribution to non-deductible portion Solo401k plan
Replies: 10
Views: 845

Re: Fix overcontribution to non-deductible portion Solo401k plan

Congratulations on catching this and a mea culpa is in order from tfb and myself for not catching this in your other thread. We were mistakenly fixated on the self-employed health insurance deduction. I have been cautious to recommend people "roll-their-own" one-participant 401k for the so-called M...
by tfb
Sat Mar 10, 2018 8:07 pm
Forum: Personal Finance (Not Investing)
Topic: ESPP not reported on Box 1, but on Box 3 of W2.
Replies: 4
Views: 564

Re: ESPP not reported on Box 1, but on Box 3 of W2.

The weird thing is that the initial ESPP gains are reported on my W2 under Box 3 (Social Security Wages) and 5 (Medicare Wages) , but not on box 1. Do I need to make an adjustment via form 8949 to adjust the cost basis of $5079.90. Sounds like it should be the other way around: included in box 1 bu...
by tfb
Sat Mar 10, 2018 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: LLC is now a partnership. Looking for help with SEP IRA
Replies: 1
Views: 250

Re: LLC is now a partnership. Looking for help with SEP IRA

You need professional help on this. I just want to point out solo 401k and SEP cover owner-employees, not passive investors. So you need to distinguish income as a passive investor and income for actually working for the partnership.
by tfb
Fri Mar 09, 2018 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: Funding an HSA (Fidelity)
Replies: 5
Views: 628

Re: Funding an HSA (Fidelity)

In either case, since the contribution limits can change AFTER the year starts (I believe this just happened a few days ago for one limit.), it sounds like there is no safe way to fund the plan. You can’t calculate a total amount and divide it out by paycheck so you are always in sync with the curr...
by tfb
Thu Mar 08, 2018 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: Filed 2017 taxes electonically for FREE
Replies: 46
Views: 5356

Re: Filed 2017 taxes electonically for FREE

I was immediately disappointed when the free versions of the best known tax prep packages choked on the fact that I had small capital gains from two mutual fund sales. If you go through the IRS link you get a better version. I hear https://www.myfreetaxes.com is the H&R Block Premium edition which ...
by tfb
Thu Mar 08, 2018 10:29 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Target Date Funds
Replies: 25
Views: 2550

Re: Vanguard Target Date Funds

ANKLEDEEP wrote:
Thu Mar 08, 2018 2:39 am
I had a Edward Jones rep at a home and garden show this past weekend tell me he “hates them” tho he couldn’t give me a clear reason why.
Because they are so simple but he still can't beat them? I'd hate them too if I'm put into that position.
by tfb
Thu Mar 08, 2018 10:21 am
Forum: Personal Finance (Not Investing)
Topic: When does the 1-year HSA rollover clock start and end?
Replies: 12
Views: 1100

Re: When does the 1-year HSA rollover clock start and end?

Can I ask how indirect rollovers are reported on 1099s? I have been doing an annual indirect rollover for years to avoid a $25 trustee to trustee transfer fee, but the transferee just reports the amount as a distribution on the 1099. Should I be doing something other than keeping a copy of the chec...
by tfb
Thu Mar 08, 2018 12:35 am
Forum: Personal Finance (Not Investing)
Topic: HSA family max contribution lowered to $6850 for 2018 [and changed to $6900 again]
Replies: 128
Views: 14930

Re: HSA maximum change

well meaning individuals from unintentionally breaking the law through no fault of their own. HSA eligibility is month to month. When you contribute the annual maximum up front you decide to run ahead of yourself when you aren't eligible yet. You know there's always a possibility of excess contribu...
by tfb
Wed Mar 07, 2018 6:56 pm
Forum: Investing - Theory, News & General
Topic: Schwab Intelligent Portfolio vs. Schwab Target Fund
Replies: 91
Views: 10885

Re: Schwab Intelligent Portfolio vs. Schwab Target Fund

lhwerdyt*1791c wrote:
Wed Mar 07, 2018 3:16 pm
The Forum has already suggested a Schwab Target Fund (or a three fund) for in-retirement investing.
Remember Schwab has two sets of Target Funds. The older/original target funds aren't any better than SIP.
by tfb
Wed Mar 07, 2018 6:51 pm
Forum: Personal Finance (Not Investing)
Topic: When does the 1-year HSA rollover clock start and end?
Replies: 12
Views: 1100

Re: When does the 1-year HSA rollover clock start and end?

So it sounds like the technically "right" answer is the date I received the check/ACH transfer -- in this case 3/5, so as long as I receive the next check/transfer 3/6/2019 or later I would be compliant? I don't know whether the fund leaving the HSA counts as my receiving it. I can't trust I will r...
by tfb
Wed Mar 07, 2018 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: HSA family max contribution lowered to $6850 for 2018 [and changed to $6900 again]
Replies: 128
Views: 14930

Re: HSA family max contribution lowered to $6850 for 2018

I notice the family contribution is now less than 2x the individual contribution. I assume that's a rounding thing that will disappear most years, but ... haven't seen it before. Scarcely seems fair ... It happened several times in the past. Both limits are rounded to $50. So they are often slightl...
by tfb
Wed Mar 07, 2018 1:48 am
Forum: Personal Finance (Not Investing)
Topic: When does the 1-year HSA rollover clock start and end?
Replies: 12
Views: 1100

Re: When does the 1-year HSA rollover clock start and end?

Put another way, when is the soonest I can I initiate another rollover (indirect through me, not trustee-to-trustee) next year given a timeline this year that looks like this: 3/1 - initiated withdrawal from the "from" HSA; 3/2 - check sent made out to me; 3/5 - check received; 3/6 - check deposite...
by tfb
Tue Mar 06, 2018 11:12 pm
Forum: Personal Finance (Not Investing)
Topic: back-to-back recharacterization mess
Replies: 3
Views: 302

Re: back-to-back recharacterization mess

Here's a summary: 1) put money in Roth IRA (when I shouldn't have contributed to begin with) 2) recharacterized that to a Traditional Ira 3) recharacterized that to a Roth Ira Is the above maneuver legit? It's not. A recharacterized contribution can't be recharacterized again. It's possible the per...
by tfb
Tue Mar 06, 2018 11:05 pm
Forum: Investing - Theory, News & General
Topic: Reuters-" Special Report: Fidelity puts 6 million savers on risky path to retirement"
Replies: 48
Views: 7157

Re: Reuters-" Special Report: Fidelity puts 6 million savers on risky path to retirement"

So the article might not be the best written. But, one example in the article is that the target date 2020 Fund has a stock allocation of 60%! The Vanguard 2020 fund has a stock allocation of 55%, not that much different. 40% of the stock allocation is in international! Please correct me if I am wr...
by tfb
Mon Mar 05, 2018 10:13 am
Forum: Investing - Theory, News & General
Topic: Reuters-" Special Report: Fidelity puts 6 million savers on risky path to retirement"
Replies: 48
Views: 7157

Re: Reuters-" Special Report: Fidelity puts 6 million savers on risky path to retirement"

Katietsu wrote:
Mon Mar 05, 2018 10:07 am
So the article might not be the best written. But, one example in the article is that the target date 2020 Fund has a stock allocation of 60%!
The Vanguard 2020 fund has a stock allocation of 55%, not that much different. 40% of the stock allocation is in international!
by tfb
Sat Mar 03, 2018 10:17 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security in case of 2 W2s
Replies: 3
Views: 436

Re: Social Security in case of 2 W2s

Tax software will calculate the excess paid by the employee as a credit. Your own company won't get any credit back.
by tfb
Wed Feb 28, 2018 11:22 am
Forum: Investing - Help with Personal Investments
Topic: Any downside to large number of tax lots?
Replies: 17
Views: 1450

Re: Any downside to large number of tax lots?

With the common discussion on the pros and cons of dividend reinvestment aside, does anyone see any downsides of having a large number of tax lots? I trust in Vanguard to keep track of everything for me so I am not concerned about the tracking aspect but I am wondering if I am going to hate myself ...
by tfb
Wed Feb 28, 2018 11:15 am
Forum: Personal Finance (Not Investing)
Topic: PSA - beware auto import on tax software
Replies: 4
Views: 472

Re: PSA - beware auto import on tax software

wjo wrote:
Wed Feb 28, 2018 11:05 am
I am going to have to spend more time checking and rechecking all the things that were input automatically than just doing the manual input myself.
I agree. That's why I don't import.
by tfb
Wed Feb 28, 2018 11:11 am
Forum: Personal Finance (Not Investing)
Topic: Side Hustle: Hourly financial planning
Replies: 44
Views: 5344

Re: Side Hustle: Hourly financial planning

I communicated with many hourly and project fee advice-only advisors all over the country. You'd be surprised to hear how busy they are. Some have all the business they want and they are not taking any new clients. Some are booked solid with a waiting list for several months. Fee-for-consultation i...