Search found 7889 matches

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: 530

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: 978

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: 2708

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: 574

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: 815

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: 815

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: 556

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: 1277

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: 111
Views: 8802

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: 4049

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: 1277

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: 331

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: 238
Views: 22393

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: 8758

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: 8758

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: 195
Views: 17674

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: 382

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: 10561

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: 470

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: 238
Views: 22393

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: 6700

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: 1150

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: 618

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: 1550

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: 6700

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: 1550

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: 4621

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: 4621

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: 51
Views: 4678

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: 6700

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: 6700

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: 712

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: 712

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: 6236

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: 2819

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: 984

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: 1724

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: 23
Views: 2061

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: 16291

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: 464

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: 671

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: 3919

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: 686

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: 5228

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: 1044

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: 195
Views: 17674

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: 195
Views: 17674

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: 195
Views: 17674

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: 195
Views: 17674

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: 195
Views: 17674

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...