Search found 7925 matches

by tfb
Sun Sep 09, 2018 11:55 am
Forum: Personal Finance (Not Investing)
Topic: Should I keep my financial advisor
Replies: 131
Views: 7921

Re: Should I keep my financial advisor

2. Although I can manage the investments well, I don't know all the intricate details of tax management. For example, stocks are better in taxable account and bonds in tax advantaged. If the amount of money you have in taxable account versus tax advantaged account is more lopsided one way or the ot...
by tfb
Sat Sep 08, 2018 5:48 pm
Forum: Investing - Help with Personal Investments
Topic: [Retirement accounts locked by Vanguard, unable to convert Admiral funds to ETF]
Replies: 57
Views: 4315

Re: [Retirement accounts locked by Vanguard, unable to convert Admiral funds to ETF]

oner, when moving assets from brokerage X to brokerage Y, avoid talking to brokerage X at all. Do all your talking to the receiving brokeage, brokerage Y, in your case Fidelity. If brokerage X refuses to release the funds because it has some issues with you ("account locked"), I don't know what bro...
by tfb
Sat Sep 08, 2018 5:42 pm
Forum: Personal Finance (Not Investing)
Topic: Should I keep my financial advisor
Replies: 131
Views: 7921

Re: Should I keep my financial advisor

It is unfortunate that a fee only financial advisor industry has not developed. They do exist, even though they may not count as an "industry" yet. In just one year I identified over 200 Advice-Only advisors in 30 states. I still haven't searched many areas because no one has asked me to search the...
by tfb
Sat Sep 08, 2018 5:30 pm
Forum: Personal Finance (Not Investing)
Topic: forum discussion on ACA premium subsidy and filing taxes
Replies: 12
Views: 1189

Re: forum discussion on ACA premium subsidy and filing taxes

Which tax form and which line numbers? I guess I am going blind! I'm sorry I confused you again. My question wasn't rhetorical. From your earlier post in this thread, I already knew you were looking for the exact form and line numbers, which I didn't provide. I suspected there must be something els...
by tfb
Sat Sep 08, 2018 12:34 pm
Forum: Investing - Help with Personal Investments
Topic: Can you hold treasuries and/or CDs in a 401k account?
Replies: 7
Views: 650

Re: Can you hold treasuries and/or CDs in a 401k account?

Thanks for the replies. Yes, I have a Fido brokerage link account. The Fido website says to refer to the plan documents for a list of allowed/not allowed investments, and the plan documents say to look to the Fido documentation. A circular denial of information. Anyway, I logged in to my Fido accou...
by tfb
Sat Sep 08, 2018 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: Should I keep my financial advisor
Replies: 131
Views: 7921

Re: Should I keep my financial advisor

So good advice from a financial advisor is often worth it. I see this argument a lot. I just want to point out "worth" and what you should pay are only very loosely related. If you don't eat for a month you will die or suffer very badly. What you should pay for a month of food is probably $1,000 max.
by tfb
Sat Sep 08, 2018 11:09 am
Forum: Personal Finance (Not Investing)
Topic: forum discussion on ACA premium subsidy and filing taxes
Replies: 12
Views: 1189

Re: forum discussion on ACA premium subsidy and filing taxes

These two Financebuff articles ( https://thefinancebuff.com/irs-guidance-on-circular-reference-in-obamacare-premium-subsidy-and-deduction.html ) + ( https://thefinancebuff.com/circular-reference-in-self-employed-health-insurance-deduction-under-obamacare-premium-subsidy.html ) discuss it but since ...
by tfb
Thu Sep 06, 2018 8:31 pm
Forum: Investing - Theory, News & General
Topic: Mutual Fund Fee Wars Will Encourage Bad Behavior
Replies: 26
Views: 2684

Re: Mutual Fund Fee Wars Will Encourage Bad Behavior

"Investors are more likely to churn their portfolios as costs drop to nothing" It makes no sense. Supposed ERs are mandated to be 1% among all funds. Churning or not churning doesn't make any difference in your cost. If you are going to churn you just churn from one 1% fund to another 1% fund. Now ...
by tfb
Thu Sep 06, 2018 8:21 pm
Forum: Personal Finance (Not Investing)
Topic: HSA contributions after spouse joins health plan
Replies: 2
Views: 323

Re: HSA contributions after spouse joins health plan

Hello, For the first 8 months of the year my wife had her own health plan with her own HSA. On Sep 1, she joined my plan. My contribution has already been maxed out at $3,450. She had already contributed $2,195.35 to her HSA. Can we contribute an extra $1,254.65 to my HSA to max out her yearly $3,4...
by tfb
Wed Sep 05, 2018 11:56 am
Forum: Personal Finance (Not Investing)
Topic: HSA Contribution While Retired and Spouse Turning 65
Replies: 6
Views: 650

Re: HSA Contribution While Retired and Spouse Turning 65

I “think” the remaining amount I can contribute for 2018 is $5,183 – this accounts for my former employer’s earlier contribution. I arrived at this figure by dividing $7900 by 2 = $3950 (the full amount that both DW and I can each contribute is $329/month). Obviously I can contribute the full $3950...
by tfb
Tue Sep 04, 2018 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: Living Revocable Trust - conveyance of assets
Replies: 37
Views: 2746

Re: Living Revocable Trust - conveyance of assets

Earl Lemongrab wrote:
Sat Jul 14, 2018 1:17 pm
I'm asking what actual trust grantors have done. Not what would be easy to do.
I documented what I actually did in two parts:

https://thefinancebuff.com/will-and-tru ... -plan.html
https://thefinancebuff.com/switching-br ... -edge.html
by tfb
Tue Sep 04, 2018 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: How to Retire in Your 30's with $1 Million in the Bank
Replies: 148
Views: 18670

Re: How to Retire in Your 30's with $1 Million in the Bank

Seems like Justin and his family at root of good does it on 30k or so if I remember correctly. But he has a blog that provides income and a large 7 figure portfolio. Justin publishes his budget including blog income. (The blog doesn't make much). I think the last time I saw it (2016?), he raised hi...
by tfb
Tue Sep 04, 2018 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: How to Retire in Your 30's with $1 Million in the Bank
Replies: 148
Views: 18670

Re: How to Retire in Your 30's with $1 Million in the Bank

But an annualized cash flow of $25k-$30k, at a point when market valuations seem to be relatively high, just seems like a needless risk to me. Here's an open secret among featured FIRE subjects: nobody actually lives on $25k-$30k cash flow or plans to live on it permanently. Many don't take any wit...
by tfb
Mon Sep 03, 2018 9:52 am
Forum: Investing - Theory, News & General
Topic: Structuring a solo K
Replies: 8
Views: 911

Re: Structuring a solo K

Thank you for the clarification. Talked to a couple of companies. The first was suggested on bogleheads(discount401k) and the firm stated they would provide plan documents and help with basic questions but would not track contributions or growth. This was much cheaper than the second service that w...
by tfb
Mon Sep 03, 2018 2:16 am
Forum: Investing - Theory, News & General
Topic: Structuring a solo K
Replies: 8
Views: 911

Re: Structuring a solo K

If I design a custom solo K to include husband and wife and set up a trust account with a brokerage firm, what is the best way to set it up Consider hiring an administrator as the prerequisite. The administrator can do the internal accounting when you just have one pooled account for all participan...
by tfb
Sun Sep 02, 2018 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: Tax confusion: Head of household vs claiming GF as tax dependent
Replies: 10
Views: 1137

Re: Tax confusion: Head of household vs claiming GF as tax dependent

Kevin8696 wrote:
Sun Sep 02, 2018 7:48 pm
Btw, the $4150 personal exemption was eliminated in the 2018 tax reform law.
But it's replaced with a $500 credit.
by tfb
Sun Sep 02, 2018 7:37 pm
Forum: Personal Finance (Not Investing)
Topic: How to Retire in Your 30's with $1 Million in the Bank
Replies: 148
Views: 18670

Re: How to Retire in Your 30's with $1 Million in the Bank

How this article applies to my own situation: My wife quit her job three years ago. I still worked. The income from my job more than covered our expenses. That was the same situation as the lead person in the article. This is not unusual at all. A large percentage of married households have just one...
by tfb
Sun Sep 02, 2018 3:54 pm
Forum: Personal Finance (Not Investing)
Topic: How to Retire in Your 30's with $1 Million in the Bank
Replies: 148
Views: 18670

Re: How to Retire in Your 30's with $1 Million in the Bank

There is little room for error only if you don't have any earned income. Those featured in the article aren't in that situation. There's plenty room for error when one spouse still works and when they have self-employed businesses.
by tfb
Sat Sep 01, 2018 12:23 am
Forum: Investing - Theory, News & General
Topic: Possible Change to RMDs? [Executive order]
Replies: 47
Views: 6241

Re: Possible Change to RMDs? [Executive order]

Please note this can only affect the tables. The 70-1/2 required start date is hardcoded in law. Changing that requires new legislation. Within 180 days of the date of this order, the Secretary of the Treasury shall, consistent with applicable law and the policy set forth in section 1 of this order,...
by tfb
Tue Aug 28, 2018 8:11 pm
Forum: Investing - Theory, News & General
Topic: 2-Year Treasury Note Auction
Replies: 102
Views: 9523

Re: 2-Year Treasury Note Auction

If the auction price was 99.941930, you would've been charged 99.941930 / 100 * 25000 = 24985.4825 = 24985.48. They will charge you less than they paid. Is this your experience? The only Treasuries I've bought at auction would be rounded up based on standard rounding rules, so I don't have an examp...
by tfb
Tue Aug 28, 2018 12:55 am
Forum: Investing - Help with Personal Investments
Topic: Fidelity Duplicate Funds Now That There Are No Minimums
Replies: 33
Views: 2600

Re: Fidelity Duplicate Funds Now That There Are No Minimums

It's normal to have separate profiles between a 401k plan through an employer and retail accounts in your own name. You would have separate profiles if you have a 401k plan account and retail accounts at Vanguard as well. I don't have retail accounts in my own name at Fidelity, just the 401K and HS...
by tfb
Mon Aug 27, 2018 11:28 pm
Forum: Investing - Theory, News & General
Topic: 2-Year Treasury Note Auction
Replies: 102
Views: 9523

Re: 2-Year Treasury Note Auction

Auction results: high yield = 2.655%, coupon = 2 5/8% (= 2.625%), price = 99.941940. For my order of 25, Fidelity shows price = 99.9419, and amount = $24,985.49. Based on amount, price = 99.941960 = 24985.49/25/10. So Fidelity basically rounded price up for amount to the nearest cent; i.e., for amo...
by tfb
Mon Aug 27, 2018 11:03 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity Duplicate Funds Now That There Are No Minimums
Replies: 33
Views: 2600

Re: Fidelity Duplicate Funds Now That There Are No Minimums

I called this week to fix an email issue and was told you have to update email changes in two different unrelated places on the site to make any change stick. I feel like Fidelity is like an Easter Egg hunt - see if you can find all the places to change something or deal with a rotten egg screwing ...
by tfb
Mon Aug 27, 2018 10:35 am
Forum: Investing - Help with Personal Investments
Topic: Fidelity Duplicate Funds Now That There Are No Minimums
Replies: 33
Views: 2600

Re: Fidelity Duplicate Funds Now That There Are No Minimums

thanks. that narrows it down to 109 funds (and 6 pages). It is still showing institutional class funds which is not relevant and could make the list of available funds fewer (and fewer pages). As already answered in this thread, multiple share classes will merge into one in November. So the list wi...
by tfb
Sun Aug 26, 2018 11:07 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone using VanguardAdvantage with free checking, Visa Gold Debit/ATM, electronic bill pay, direct deposit, plus more?
Replies: 38
Views: 4836

Re: Anyone using VanguardAdvantage with free checking, Visa Gold Debit/ATM, electronic bill pay, direct deposit, plus mo

I viewed the Vanguard brochure for the Advantage account and it has a lot of useful features (in subject). I did try a search on the forum and didn't come up with much other some old posts. Anyone using it and care to comment? It looks like Vanguard stopped marketing this account. If I go to Vangua...
by tfb
Sun Aug 26, 2018 8:06 pm
Forum: Investing - Theory, News & General
Topic: Where's the Inflation Hedge for Short-Term TIPS?
Replies: 79
Views: 4737

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

VG data says the fund had negative capital appreciation and this was the main source of negative total return in 2013-14. I will just stay away and buy TIPS directly rather than through a fund if I ever decide to go that route. Buying a 5-year TIPS in 2013 would've guaranteed that you had a negativ...
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: 1263

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: 2600

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: 2600

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: 4737

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: 6174

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: 27805

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: 8901

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: 422

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: 1373

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: 3148

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: 555

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: 1030

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: 2827

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: 592

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: 843

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: 843

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: 582

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: 1332

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: 9287

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: 4172

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: 1332

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: 352

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: 23915

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: 8901

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...