Search found 7794 matches

by tfb
Sun Oct 01, 2017 9:59 am
Forum: Investing - Help with Personal Investments
Topic: Want a mega-backdoor Roth for self employed income
Replies: 5
Views: 876

Re: Want a mega-backdoor Roth for self employed income

Does anyone have a blueprint for setting this up? Is there an individual 401K plan from one of the major brokerage houses(vanguard, fidelity, etc) that would allow this? I do. Simply Google "solo 401k mega backdoor roth". No individual 401K plan from one of the major brokerage houses(vanguard, fide...
by tfb
Sat Sep 30, 2017 7:16 pm
Forum: Investing - Help with Personal Investments
Topic: HSA: Married mid-year, which HSA can we deposit to? (Update: Turbotax disagrees)
Replies: 16
Views: 1567

Re: HSA: Married mid-year, which HSA can we deposit to?

So, effectively each of our HSAs has its own separate contribution limit for this year? Then for next year if we both just stay covered under my family plan I assume I can put 100% into my HSA. Correct. That applies to not only newly weds but also married couple who keep separate single coverage pl...
by tfb
Sat Sep 30, 2017 7:07 pm
Forum: Personal Finance (Not Investing)
Topic: I am in the investment advice industry and I'm not sure if I provide any value
Replies: 67
Views: 7761

Re: I am in the investment advice industry and I'm not sure if I provide any value

It's not about knowing it all, nor is it about being able to follow directions. Sure, I can follow a dentist's advice, but I also don't have opportunities arise, quite frequently, where something I read, or someone I'm talking to, or listening to, is telling me that what my dentists told me to do i...
by tfb
Fri Sep 29, 2017 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: I am in the investment advice industry and I'm not sure if I provide any value
Replies: 67
Views: 7761

Re: I am in the investment advice industry and I'm not sure if I provide any value

<snip> I leave feeling like the FA is trying to make everything seem confusing and difficult to push me toward their AUM services. You need to find advisors who don't manage money at all. So there won't be any pushing. Where do I find said advisors? Thanks. NAPFA, Garrett, FPA, ... Go through the p...
by tfb
Fri Sep 29, 2017 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: I am in the investment advice industry and I'm not sure if I provide any value
Replies: 67
Views: 7761

Re: I am in the investment advice industry and I'm not sure if I provide any value

My question is, what happens three years down the road when greed/fear/boredom come up? Clearly your optimism in relation to most peoples behavioral control via investment decisions is higher than mine. I have seen/heard/read about too many poor investment decisions from people "who should know bet...
by tfb
Fri Sep 29, 2017 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: I am in the investment advice industry and I'm not sure if I provide any value
Replies: 67
Views: 7761

Re: I am in the investment advice industry and I'm not sure if I provide any value

You need to find advisors who don't manage money at all. So there won't be any pushing. As much as I agree with your first comment above. I think this is flat-wrong. I think the investment plan should be married with the financial plan. An advisor can manage money on a discretionary basis under a f...
by tfb
Fri Sep 29, 2017 10:20 am
Forum: Personal Finance (Not Investing)
Topic: I am in the investment advice industry and I'm not sure if I provide any value
Replies: 67
Views: 7761

Re: I am in the investment advice industry and I'm not sure if I provide any value

As most people have mentioned, 1% for a well-thought out financial & investment plan and having someone to talk you off the "ledge of crazy ideas", is much better than most would do elsewhere or on their own. This is simply faulty logic permeated by the advice industry, a false dichotomy. It's like...
by tfb
Thu Sep 28, 2017 6:09 pm
Forum: Personal Finance (Not Investing)
Topic: I am in the investment advice industry and I'm not sure if I provide any value
Replies: 67
Views: 7761

Re: I am in the investment advice industry and I'm not sure if I provide any value

Don't conflate value with price. They are not the same thing.

You can provide a lot of value but you can still be vastly overpriced. Value belongs to the consumer.
by tfb
Thu Sep 28, 2017 6:06 pm
Forum: Investing - Help with Personal Investments
Topic: HSA: Married mid-year, which HSA can we deposit to? (Update: Turbotax disagrees)
Replies: 16
Views: 1567

Re: HSA: Married mid-year, which HSA can we deposit to?

So, as long as you are married with both people on a family HDHP even if not until December you could theoretically wait until December and put 100% of the combined family limit into one of the HSAs (the one tied to the family HDHP through my employer)? No, unless you sign up for the last month rul...
by tfb
Thu Sep 28, 2017 10:25 am
Forum: Investing - Help with Personal Investments
Topic: HSA: Married mid-year, which HSA can we deposit to? (Update: Turbotax disagrees)
Replies: 16
Views: 1567

Re: HSA: Married mid-year, which HSA can we deposit to?

So, as long as you are married with both people on a family HDHP even if not until December you could theoretically wait until December and put 100% of the combined family limit into one of the HSAs (the one tied to the family HDHP through my employer)? No, unless you sign up for the last month rul...
by tfb
Wed Sep 27, 2017 11:25 pm
Forum: Investing - Help with Personal Investments
Topic: HSA: Married mid-year, which HSA can we deposit to? (Update: Turbotax disagrees)
Replies: 16
Views: 1567

Re: HSA: Married mid-year, which HSA can we deposit to?

The article seems to indicate that you can allocate your combined annual max contribution into either account, but I am not sure if this only works if you were married the full year. Allocating only applies to the months when you have family coverage. If you still have two separate single coverage,...
by tfb
Wed Sep 27, 2017 11:13 pm
Forum: Investing - Theory, News & General
Topic: VG using outsourcing to call me & I'm not happy
Replies: 76
Views: 8553

Re: VG using outsourcing to call me & I'm not happy

I get a call from Vanguard and the number isn't Vanguard's customer service number, I'm going to be very suspicious that it's a legitimate call. Never trust a caller ID number. I don't have caller ID as I have Vanguard's customer service number saved as a contact on my cell phone. Even when the inc...
by tfb
Tue Sep 26, 2017 1:30 am
Forum: Personal Finance (Not Investing)
Topic: What is Max Non-Deductible Contributions I can Make to 401k
Replies: 17
Views: 1912

Re: What is Max Non-Deductible Contributions I can Make to 401k

Yes, but people should be aware of it. They might want to reduce the maximum non-deductible contribution to allow the maximum self-employed health insurance deduction. You mean reduce the deductible contribution and actually increase the non-deductible contribution in order to allow the maximum sel...
by tfb
Mon Sep 25, 2017 9:17 pm
Forum: Personal Finance (Not Investing)
Topic: What is Max Non-Deductible Contributions I can Make to 401k
Replies: 17
Views: 1912

Re: What is Max Non-Deductible Contributions I can Make to 401k

The health insurance deduction has nothing to do with it. It's a personal deduction, not a business expense. So the maximum non-deductible contribution would be 55849 - 3946 - 34381 = 17522. While it is not true in this case, the self-employed health insurance deduction can be limited to: Net busin...
by tfb
Mon Sep 25, 2017 9:14 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity Security
Replies: 66
Views: 8474

Re: Fidelity Security

stlutz wrote:
Fri Sep 08, 2017 11:41 pm
How does the VIP app really provide any extra security? To deactivate it all you have to do is call...
The voice print security validates who's calling.

https://www.fidelity.com/security/fidel ... e/overview
by tfb
Mon Sep 25, 2017 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: What is Max Non-Deductible Contributions I can Make to 401k
Replies: 17
Views: 1912

Re: What is Max Non-Deductible Contributions I can Make to 401k

Calculate how much is available for non-deductible contributions to my Solo 401k plan Business Income:                  $55,849 Earned business deductions: Deductible Part of SE tax:         3,946 Qualified Plan/solo 401k*:        34,381 Health Insurance Deduction :       1,161  Max non-deductible ...
by tfb
Sun Sep 24, 2017 9:48 pm
Forum: Personal Finance (Not Investing)
Topic: pre-tax money in a nondeductible IRA
Replies: 24
Views: 1754

Re: pre-tax money in a nondeductible IRA

But theoretically, If I wanted to take an intermediate step, considering I have more than account at different brokerage firms, I could consolidate my holdings into one of the TIRAs (a 2nd TIRA account would be left with mostly basis). Then when I'm ready (next week, next year, 2 years from now, et...
by tfb
Sun Sep 24, 2017 7:57 pm
Forum: Personal Finance (Not Investing)
Topic: The Magic of Savings Rate
Replies: 97
Views: 12436

Re: The Magic of Savings Rate

The table should be read together with this chart: http://static1.businessinsider.com/image/513125876bb3f7db40000004-618-/moneygame-cotd-030113.jpg Source: CHART OF THE DAY: Rich People Really Love To Save Their Money , Sam Ro, Business Insider, Mar. 1, 2013 At higher income levels, savings rate nat...
by tfb
Fri Sep 22, 2017 12:28 pm
Forum: Investing - Help with Personal Investments
Topic: Rolling over previous 401k to a solo 401k
Replies: 8
Views: 744

Re: Rolling over previous 401k to a solo 401k

My wife's employer was recently bought out, and the new owner has a different 401k. ... ... For her previous employer's 401k, I believe our options are: 1. Keep the money there 2. Rollover the money to the new employer's 401k 3. Rollover the money to a solo 401k 4. Rollover the money to an IRA Did ...
by tfb
Wed Sep 20, 2017 8:04 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's new security key option
Replies: 119
Views: 31258

Re: Vanguard's new security key option

I am looking at the new security key options. Amazon has this one: https://www.amazon.com/Yubico-Y-158-YubiKey-4/dp/B018Y1Q71M/ref=sr_1_5?s=electronics&ie=UTF8&qid=1505579425&sr=1-5&keywords=fido+u2f+security+key Also on the site is this one at half the price and under questions answered says it wo...
by tfb
Wed Sep 20, 2017 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: Online Bill Pay Security: Push or Pull?
Replies: 102
Views: 5816

Re: Online Bill Pay Security: Push or Pull?

Is this based on the link you mentioned above? Or how do you know they won't just send me to the other bank? Yes it is in the FDIC link. The regulations dictate what your bank must do. It's not optional. Whether your bank wants to get in the middle or not, they have no choice. The thieves may be go...
by tfb
Wed Sep 20, 2017 11:17 am
Forum: Personal Finance (Not Investing)
Topic: Online Bill Pay Security: Push or Pull?
Replies: 102
Views: 5816

Re: Online Bill Pay Security: Push or Pull?

And you are on the hook for $500 in that case too (according to very nice link posted earlier). After 60 days, too bad I guess - at least there is no obligation to return your money... ? The $500 limit applies to losing a debit card, not unauthorized ACH debits. Here's more official information fro...
by tfb
Wed Sep 20, 2017 10:13 am
Forum: Personal Finance (Not Investing)
Topic: Online Bill Pay Security: Push or Pull?
Replies: 102
Views: 5816

Re: Online Bill Pay Security: Push or Pull?

I am afraid your own bank will just say as far as they are concerned you allowed unauthorized debits from the other bank and I should take it up with them (esp, if I did not notice this withdrawal within N days). Is that not the case? If thieves have my bank accounts info, my main concern would be ...
by tfb
Wed Sep 20, 2017 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Online Bill Pay Security: Push or Pull?
Replies: 102
Views: 5816

Re: Online Bill Pay Security: Push or Pull?

In the one case that I had a problem many years ago, my Credit Card pulled a payment twice. I called the Credit Card and they said it appeared I put in two requests (it could have been a browser issue) and their was nothing they could do to resolve it (e.g. they couldn't put the money back in my ba...
by tfb
Wed Sep 20, 2017 9:25 am
Forum: Personal Finance (Not Investing)
Topic: Online Bill Pay Security: Push or Pull?
Replies: 102
Views: 5816

Re: Online Bill Pay Security: Push or Pull?

tfb, do you happen to know what, if anything, prevents if a thief from pulling from your bank account via ACH if they know your routing and acct number? How do you go about disputing this with some bank you never heard of? In a 4-party system, you, your bank, they, their bank, when they initiate th...
by tfb
Tue Sep 19, 2017 11:59 pm
Forum: Investing - Theory, News & General
Topic: Multiple sources of income - fact or fiction?
Replies: 12
Views: 2309

Re: Multiple sources of income - fact or fiction?

I keep hearing financial advisers suggest one should have"Multiple sources of passive income". I have never heard any financial advisor say it. I only heard it from bloggers. It's more fiction than fact because the so called passive income is not really passive. It appeals to people's desires of ge...
by tfb
Tue Sep 19, 2017 8:08 pm
Forum: Personal Finance (Not Investing)
Topic: Online Bill Pay Security: Push or Pull?
Replies: 102
Views: 5816

Re: Online Bill Pay Security: Push or Pull?

Pull is more secure. In the ACH system, whoever initiates, whether push or pull, takes the responsibility. When you set up as pull, the biller is responsible. If the amount is wrong or an unauthorized party pulled from you, you can always dispute it. Even if thieves steal your bank account informati...
by tfb
Sat Sep 16, 2017 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: Why is TransUnion pushing True Identity vs credit freeze?
Replies: 28
Views: 16006

Re: Why is TransUnion pushing True Identity vs credit freeze?

Because they believe they can make more money out of those who sign up than those who do the freeze. It's on the entire group, not necessarily you specifically as an individual. If 2/3 make them $50 each and 1/3 makes them $0, they are still ahead than charging $15 each to all three.
by tfb
Sat Sep 16, 2017 6:47 pm
Forum: Personal Finance (Not Investing)
Topic: NQ 401k questions.
Replies: 3
Views: 321

Re: NQ 401k questions.

Hi - I'm not that familiar with NQ plan. I left company last year and has about 250k in NQ plan. In Jan - I received a distribution of $25k from the plan. In talking to fidelity, I was told that my plan selection is 10 year withdrawal and cannot be changed. That means I'll be getting 25k each Jan. ...
by tfb
Sat Sep 16, 2017 8:28 am
Forum: Personal Finance (Not Investing)
Topic: 2018 Tax Threshold Estimates
Replies: 12
Views: 1726

Re: 2018 Tax Threshold Estimates

Bummer, thanks. Do you know what controls the decision to increase those amounts? Inflation and rounding increments coded into the law. $500 increments for 401k. $5,000 increments for HCE threshold. As the numbers stand now, it takes less than 3% in inflation to bump the 401k limit but more than 4%...
by tfb
Fri Sep 15, 2017 9:52 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 Tax Threshold Estimates
Replies: 12
Views: 1726

Re: 2018 Tax Threshold Estimates

Thrifty Femme wrote:
Fri Sep 15, 2017 9:38 pm
Thanks, any word on 401k elective contribution limits and highly compensated employee definition?
$18,500. No change to HCE threshold.
by tfb
Fri Sep 15, 2017 11:57 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard Does Not have 2-Factor Authentication on Mobile App? Corr. w/Vanguard re This
Replies: 9
Views: 1019

Re: Vanguard Does Not have 2-Factor Authentication on Mobile App? Corr. w/Vanguard re This

My Vanguard rep updated me as follows: Good news. I contacted our Web Technical Support team. They informed me that clients who are not receiving the security codes need to delete and reinstall the mobile application at this time. From there the mobile application should connect with our security c...
by tfb
Fri Sep 15, 2017 10:43 am
Forum: Personal Finance (Not Investing)
Topic: HSA over-contrib and test failure on last month rule
Replies: 3
Views: 412

Re: HSA over-contrib and test failure on last month rule

1. For 2016: should have only contributed $1,687.50 (3/12 x $6,750) so $5,062.50 would not have been contributed but for the last month rule. Therefore $5,062.50 will need to be reported as taxable income in 2017, plus 10% penalty. 2. For 2017: I will have over-contributed by $1,125 (2/12 x $6,750)...
by tfb
Fri Sep 15, 2017 10:38 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity Security
Replies: 66
Views: 8474

Re: Fidelity Security

I see that Fidelity's Symantec VIP 2FA app can only be installed in one place at a time (phone, laptop, desktop, whatever). This makes sense since you don't want the possibility of conflicting codes. But am I correct in assuming that doesn't restrict you to one device? For example, if you have the ...
by tfb
Fri Sep 15, 2017 2:45 am
Forum: Investing - Theory, News & General
Topic: New Betterment Portfolio Strategies
Replies: 13
Views: 4016

Re: New Betterment Portfolio Strategies

sunnywindy wrote:
Thu Sep 14, 2017 2:03 pm
It all seems weird. I thought ROBO accounts existed to make investment decisions for you.
Exactly. An advisor is supposed to advise. Now it's actually a robo model portfolio maintainer.
by tfb
Thu Sep 14, 2017 2:54 am
Forum: Personal Finance (Not Investing)
Topic: TrueIdentity from TransUnion - free credit freeze and protection?
Replies: 23
Views: 4970

Re: TrueIdentity from TransUnion - free credit freeze and protection?

Freeze and the fees are stipulated by law. Lock is defined unilaterally as a product. It can be the same as freeze today or not so tomorrow. It's free today but it doesn't have to be tomorrow. That's the difference.
by tfb
Wed Sep 13, 2017 11:30 pm
Forum: Personal Finance (Not Investing)
Topic: Can't Register With TransUnion
Replies: 16
Views: 2029

Re: Can't Register With TransUnion

My wife - TransUnion said she already had an account, but she has no recollection of setting it up, and we couldn't guess her user name/password. Same thing happened to one of us when we tried to set up the freeze earlier this year. We just sent a letter (template found on Clark Howard website) wit...
by tfb
Wed Sep 13, 2017 11:24 pm
Forum: Personal Finance (Not Investing)
Topic: Good flat-fee financial advisors in Boston suburbs?
Replies: 13
Views: 1666

Re: Good flat-fee financial advisors in Boston suburbs?

dwickenh wrote:
Wed Sep 13, 2017 8:21 am
The Garrett Network is often recommended here. I do not have first hand experience with them, but they are hourly fee only advisers.
Members of the Garrett Planning Network only have to _offer_ hourly fee, not necessarily wholeheartedly. Many of them still charge asset under management fees.
by tfb
Wed Sep 13, 2017 11:17 am
Forum: Personal Consumer Issues
Topic: Smart phones and data/text usage.
Replies: 31
Views: 2677

Re: Smart phones and data/text usage.

Anyone take a minimal data plan and then turn off data at the phone just so it is available if you need it? We have not taken data or text prior to last week when I added it just to be able to use Uber, or use gas finder app services here in Miami. Typical phone bill for both of us is $36 on Consum...
by tfb
Tue Sep 12, 2017 10:33 am
Forum: Personal Finance (Not Investing)
Topic: High-Deductible Health Plan vs. Peace of Mind
Replies: 42
Views: 5003

Re: High-Deductible Health Plan vs. Peace of Mind

If you go with HDHP, contribute the maximum to the HSA because nearly 100% of the savings comes from the HSA tax savings. Could you explain this? Wouldn't the tax savings only be the tax bracket percent of the $3,400? Because insurance prices the premiums and deductibles and copays to make the high...
by tfb
Tue Sep 12, 2017 10:27 am
Forum: Investing - Help with Personal Investments
Topic: After Tax contribution roll over to Roth IRA or Employer Roth account
Replies: 6
Views: 831

Re: After Tax contribution roll over to Roth IRA or Employer Roth account

Does it matter whether the rollover is from after tax contributions to Roth 401 K or Roth IRA account? I understand employer restrictions of choice funds, etc. which will come with Roth 401 K account vs. Roth IRA which I will have access to all the funds managed by provider. Any other major concern...
by tfb
Tue Aug 29, 2017 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: High-Deductible Health Plan vs. Peace of Mind
Replies: 42
Views: 5003

Re: High-Deductible Health Plan vs. Peace of Mind

Although the PPO might be overinsuring myself for how much I'll actually use it, does anyone else think it's worth the peace of mind to just know that no medical situation is going to cost me more than $400? It's not worth it. Just estimate your total cost in each scenario. Even if your cost is une...
by tfb
Tue Aug 29, 2017 1:41 pm
Forum: Personal Consumer Issues
Topic: Xfinity Mobile
Replies: 96
Views: 12863

Re: Xfinity Mobile

lemonPepper wrote:
Tue Aug 29, 2017 1:02 pm
The $1 phone is out of stock now
It was out of stock last night, back in stock this morning when I ordered. The sale will run another two weeks. It probably will come back into stock some time. If you really want it just keep checking from time to time.
by tfb
Tue Aug 29, 2017 11:28 am
Forum: Personal Consumer Issues
Topic: Xfinity Mobile
Replies: 96
Views: 12863

Re: Xfinity Mobile

Bumping this thread because Xfinity Mobile is having a sale. The LG X Charge is only $1 out of the door. If someone wants a new phone anyway, the phone prices on sale are not that bad.
by tfb
Sun Aug 27, 2017 5:20 pm
Forum: Investing - Help with Personal Investments
Topic: Is there anyway out of company's defined contribution plan
Replies: 12
Views: 1010

Re: Is there anyway out of company's defined contribution plan

I am wondering if it is possible to roll-over a defined contribution plan balance while still employed with the company? My current employer utilizes a company which charges ridiculous fees for under-performing funds and I made the mistake of rolling-over my previous employer's defined contribution...
by tfb
Sun Aug 20, 2017 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: After Tax 401K Contributions Advice
Replies: 26
Views: 2639

Re: After Tax 401K Contributions Advice

Also, one could choose to put bonds or other lower-yielding assets in the after-tax portion so that gains would be minimal or "tolerable", even after a few years. This is what we do in our 401k. Although we can do in-service distributions, I only care to do only one distribution a year, so I choose...
by tfb
Sun Aug 20, 2017 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: MUST my employer ensure I do not over-contribute to my 401k?
Replies: 10
Views: 2249

Re: MUST my employer ensure I do not over-contribute to my 401k?

Anyway, the summary seems to be that i (no one?) don't have to worry about accidentally exceeding the $53,000 415(c) (not sure if I'm citing the correct section for this) limits. The limit is imposed on the employer. They can either prevent it from happening in the first place or they can correct i...
by tfb
Sun Aug 20, 2017 12:14 am
Forum: Investing - Theory, News & General
Topic: How Might Bogle View Proxy Vote Prop 7? Here's a Hint.
Replies: 9
Views: 3327

Re: How Might Bogle View Proxy Vote Prop 7? Here's a Hint.

I don't get what Bogle's view on corporate governance has anything to do with the topic at hand.
by tfb
Sun Aug 20, 2017 12:04 am
Forum: Personal Finance (Not Investing)
Topic: After Tax 401K Contributions Advice
Replies: 26
Views: 2639

Re: After Tax 401K Contributions Advice

For plans that do not allow "in-service" distributions of the after-tax account in your 401k, the advice is usually to not bother to use it. This is just not true. Tenures are short these days. Even if you have to wait a few years, earnings still won't be much. Plus there's opportunity for in-plan ...
by tfb
Fri Aug 04, 2017 10:50 am
Forum: Personal Finance (Not Investing)
Topic: Recharacterizing a Roth IRA - Need help with Vanguard form
Replies: 18
Views: 1180

Re: Recharacterizing a Roth IRA - Need help with Vanguard form

Where I am really getting confused in is parts 5 and 6. What if, after I send put this form in the mail, the values of funds B and C and change substantially. Say, my shares of B become worth $15000 and C becomes worth $5000. Then the values in Part 5 will no longer be correct. I am assuming those ...