Search found 210 matches

by SS Rambo
Wed Mar 10, 2021 9:48 am
Forum: Personal Investments
Topic: Merrill resigning as custodian?
Replies: 10
Views: 1282

Re: Merrill resigning as custodian?

This sounds like an old employer plan, not an IRA. Sounds like you just need to roll it into an IRA or existing employer plan.
by SS Rambo
Mon Mar 08, 2021 11:30 am
Forum: Personal Investments
Topic: Mega Roth w/ high ER vs Taxable Account
Replies: 10
Views: 671

Re: Mega Roth w/ high ER vs Taxable Account

OP sounds a little off of the names/terms. If this is the plan I think it is, the $19.5K is Roth, not after-tax. To the earlier point, no, that can not be rolled over to an IRA until you leave the employer. Mega backdoor Roth is for money above $19.5K but below $58k that is invested in after-tax the...
by SS Rambo
Wed Feb 17, 2021 3:38 pm
Forum: Personal Investments
Topic: Helping Parents with (Modest) Estate Planning
Replies: 7
Views: 728

Re: Helping Parents with (Modest) Estate Planning

Sounds like their estate is below the millions and millions it would need to be in order to worry about estate taxes. I would keep it simple, place all of the non-qualified funds in a Transfer On Death account with their intended beneficiaries. Sounds like the expectation is that your parents will h...
by SS Rambo
Tue Feb 16, 2021 8:17 pm
Forum: Personal Finance (Not Investing)
Topic: credit card promotion
Replies: 9
Views: 1091

Re: credit card promotion

Stay away from The Points Guy. Him speak with fork tongue Why is that? I haven't visited many of those threads, so genuinely curious why that would be. I feel like all the sites just copy and past the rewards and spending requirement from the banks' website (and link to the fine print). They might ...
by SS Rambo
Mon Feb 15, 2021 12:56 am
Forum: Personal Finance (Not Investing)
Topic: Recommend a Life Insurance Company
Replies: 18
Views: 1281

Re: Recommend a Life Insurance Company

Agree with the above recommendations: shop around, don’t pick a company beforehand. Those resources (brudude, term4sale, etc.) will all generate your shortlist and then you just start applying. The only exception is Northwestern Mutual which seems to use an exclusive distribution system, which means...
by SS Rambo
Mon Feb 15, 2021 12:46 am
Forum: Personal Finance (Not Investing)
Topic: Bank of America/Merrill Edge - Preferred Rewards
Replies: 790
Views: 176068

Re: Bank of America/Merrill Edge - Preferred Rewards

So what are the chances that I could get that ML card in addition to the same BofA card? That $500 sign up bonus is enticing. I've seen people get their plastic black Premium Rewards card upgraded to the metal version , but is there any benefit that actually matters? My BofA premium rewards CC is g...
by SS Rambo
Sun Feb 14, 2021 8:58 pm
Forum: Personal Investments
Topic: Did my 401K plan thwart my Mega backdoor or was I given incorrect info? Company match, really?! (RESOLVED-UPDATE!)
Replies: 16
Views: 1882

Re: Did my 401K plan thwart my Mega backdoor or was I given incorrect info? Company match, really?! Update post 11

Great news! Trustee to trustee is rare, you will probably need to receive that check then deposit it (no 60 day rule, but there is a 60 rule if they send the money to your bank account). This all sounds pretty standard, I’m glad you sleuthed your way to the correct answers after the uninformed phone...
by SS Rambo
Sun Feb 14, 2021 11:25 am
Forum: Personal Finance (Not Investing)
Topic: Bank of America/Merrill Edge - Preferred Rewards
Replies: 790
Views: 176068

Re: Bank of America/Merrill Edge - Preferred Rewards

Anyone happen to use a Bank of America preferred rewards credit card with the Microsoft company store ? In the past, purchases there used to be categorized as online. However, I just made a purchase there last week, and it wasn't in the online category. Obviously it's not a big deal, but it is mild...
by SS Rambo
Sat Feb 13, 2021 11:18 am
Forum: Personal Finance (Not Investing)
Topic: Bank of America/Merrill Edge - Preferred Rewards
Replies: 790
Views: 176068

Re: Bank of America/Merrill Edge - Preferred Rewards

I've seen people get their plastic black Premium Rewards card upgraded to the metal version , but is there any benefit that actually matters? My BofA premium rewards CC is gray not black, but I wonder what the criteria is for getting a metal version of the card (if that is still a thing)? I'll admi...
by SS Rambo
Wed Feb 10, 2021 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: Bank of America/Merrill Edge - Preferred Rewards
Replies: 790
Views: 176068

Re: Bank of America/Merrill Edge - Preferred Rewards

Has anyone been bumped to the “Wealth Management “ tier recently for having a balance over $250k? I had that previously and I think you get a separate line to call for better support. I’m not sure if they’re only doing it for customers with managed Merrill accounts or not I was wondering this too. ...
by SS Rambo
Wed Feb 10, 2021 5:40 pm
Forum: Personal Investments
Topic: Deferred Comp Fund Choice/AA - thoughts?
Replies: 5
Views: 314

Re: Deferred Comp Fund Choice/AA - thoughts?

Yes, revisiting your total allocation is smart, IMO. The logic of "I want this invested conservatively so it grows slower, in case it goes "poof"" is interesting to me (not quoting anyone, just saying). The NQDC plan is no less safe in bonds versus equities, and sounds like all o...
by SS Rambo
Tue Feb 09, 2021 9:05 pm
Forum: Personal Investments
Topic: Did my 401K plan thwart my Mega backdoor or was I given incorrect info? Company match, really?! (RESOLVED-UPDATE!)
Replies: 16
Views: 1882

Re: Did my 401K plan thwart my Mega backdoor or was I given incorrect info? Company match, really?!

No in plan Roth conversion option? It sounds like you might be new to this plan, or newly contributing to after tax? In that case, there is likely a low amount of gain on your after tax amount. Regardless, would converting the after-tax gains bump you into a new tax bracket? Keeping it all in the pl...
by SS Rambo
Mon Feb 08, 2021 11:36 am
Forum: Personal Investments
Topic: Unwinding a Northwestern Mutual account
Replies: 48
Views: 2867

Re: Unwinding a Northwestern Mutual account

Completely agree. The only point I'd made is that it actually is easy to "deposit" almost any additional amount on an ad hoc or recurring basis (just avoid the Modified Endowment Contract limits, but those are high). They'll always take extra funds! Northwester Mutual calls it "addit...
by SS Rambo
Mon Feb 08, 2021 8:13 am
Forum: Personal Investments
Topic: Unwinding a Northwestern Mutual account
Replies: 48
Views: 2867

Re: Unwinding a Northwestern Mutual account

On your whole life policies, you’re probably not far enough into the policies for it to make financial sense to keep them. I’m afraid you’d be throwing away good money after bad if you continue to pay premiums for 5-10 more years. I’d lapse them and invest the surrender value per your investment pl...
by SS Rambo
Sat Feb 06, 2021 2:28 pm
Forum: Personal Investments
Topic: After tax 401k
Replies: 6
Views: 428

Re: After tax 401k

You're going to quickly see how varied internet advice can be. :) One reason is because there's not much detail provided on your situation. As alluded to, this is a different story for someone near/far from leaving their current employer. But a good rule of thumb is if you are maxing out everything ...
by SS Rambo
Tue Feb 02, 2021 11:26 am
Forum: Personal Finance (Not Investing)
Topic: Pre- or after-tax contribution to HSA
Replies: 8
Views: 343

Re: Pre- or after-tax contribution to HSA

Payroll deductions, for sure. The limit is about $3500/yr for an individual and as long as you contribute about $5 per month you'll pay for the fee with tax savings. Now, I don't think you could forgo the tax deduction if you pay from your bank account versus payroll even if you wanted to. You just ...
by SS Rambo
Thu Jan 21, 2021 3:23 pm
Forum: Personal Investments
Topic: UHNW Investors using Vanguard PAS?
Replies: 34
Views: 2600

Re: UHNW Investors using Vanguard PAS?

Yeah slightly apples to oranges with your options. Vanguard won’t be able to offer a single one of those high-end services, but are you able to split your worth between a MFO and Vanguard? I only ask because if you want to still play around with alternative strategies, you’ll need that money held ou...
by SS Rambo
Wed Jan 20, 2021 5:46 pm
Forum: Personal Investments
Topic: Opinions on "limit" order to buy a stock at a slightly lower price than current price
Replies: 28
Views: 1330

Re: Opinions on "limit" order to buy a stock at a slightly lower price than current price

What is wrong with setting a limit order at a slightly lower price than the current market price? It is the opposite of setting a limit order at a slightly higher price than the market price when selling to try to squeeze a little bit more. One argument against doing so is that essentially, you're ...
by SS Rambo
Wed Jan 20, 2021 5:20 pm
Forum: Personal Investments
Topic: Opinions on "limit" order to buy a stock at a slightly lower price than current price
Replies: 28
Views: 1330

Re: Opinions on "limit" order to buy a stock at a slightly lower price than current price

What is wrong with setting a limit order at a slightly lower price than the current market price? It is the opposite of setting a limit order at a slightly higher price than the market price when selling to try to squeeze a little bit more. One argument against doing so is that essentially, they're...
by SS Rambo
Wed Jan 20, 2021 4:51 pm
Forum: Personal Investments
Topic: Opinions on "limit" order to buy a stock at a slightly lower price than current price
Replies: 28
Views: 1330

Re: Opinions on "limit" order to buy a stock at a slightly lower price than current price

No specific reason for $825. I'm just a beginner, never bought individual stocks before. I'm planning to buy $80k worth of TSLA like a layman, and think may be at this price i can take advantage of a small dip in price whenever that happens. There are many people that believe that if a stock falls ...
by SS Rambo
Tue Jan 19, 2021 4:13 pm
Forum: Personal Investments
Topic: Is pre-tax 401K a tax advantaged account?
Replies: 13
Views: 665

Re: Is pre-tax 401K a tax advantaged account?

So, perhaps, in Pre-tax 401K, does it make sense to invest in Stock ETF and not equivalent mutual funds ? I think this may be confusing some of us. Perhaps if you could explain what you think is the difference between a "Stock ETF" and "equivalent mutual fund" that would possibl...
by SS Rambo
Tue Jan 19, 2021 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: UL Policy Question
Replies: 7
Views: 256

Re: UL Policy Question

I agree the policy looks like a drag on your total financial picture. But get the term in force before you cancel because you don't know what the underwriter will decide until it's final. And no, you can't just cancel it on your end, I would call the insurer, not the agent because they'll drag their...
by SS Rambo
Mon Jan 18, 2021 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: Life insurance and estate planning
Replies: 15
Views: 970

Re: Life insurance and estate planning

I agree that starting a gifting plan ($15k from each spouse, for each recipient) is a good way to start the process. I'll make a point that consulting with an estate attorney is absolutely the right thing, and that is very different from a financial advisor. The Certified Financial Planner coursewor...
by SS Rambo
Fri Jan 15, 2021 5:49 pm
Forum: Personal Finance (Not Investing)
Topic: Merrill Edge $900 preferred rewards brokerage bonus
Replies: 88
Views: 9655

Re: Merrill Edge $900 preferred rewards brokerage bonus

On a related note, do Roth conversions from Merrill IRAs normally take very long? I recently did a backdoor Roth (all cash, never invested) and electronically submitted the conversion form 8 days ago (six business days) and just today it started to show as Pending in the IRA. Still not settled, and ...
by SS Rambo
Fri Jan 15, 2021 10:47 am
Forum: Personal Investments
Topic: Health Care or Lump Sum?
Replies: 8
Views: 565

Re: Health Care or Lump Sum?

If the annuity payment and a 4% withdrawal rate of the lump sum end up looking similar, I'll take the option that doesn't lock my decision permanently (meaning: don't pick the annuity). Any day of the week. Take the money in cash, invest it properly along with the rest. You have enough money where y...
by SS Rambo
Fri Jan 15, 2021 9:49 am
Forum: Personal Investments
Topic: 529 Account Investment Idea To Consider
Replies: 19
Views: 1644

Re: 529 Account Investment Idea To Consider

I agree with humblecoder and the math also works out from my end. Leverage the Utah 529 Stable Value fund as much as you can, if you plan to put everything in the safest options. Most people confuse Stable Value Funds with income funds or bonds funds or other safe-money funds. SVFs are exclusive to ...
by SS Rambo
Fri Jan 15, 2021 8:41 am
Forum: Personal Investments
Topic: Health Care or Lump Sum?
Replies: 8
Views: 565

Re: Health Care or Lump Sum?

Eagle33 pretty much nailed it on the head. If you like the annuitized income stream, shop around. Especially if you’re in above average health, you can almost always beat the group quotes without even having to settle for a poorly rated annuity provider. Even taking a (relatively) safe 4% withdrawal...
by SS Rambo
Wed Jan 13, 2021 7:12 pm
Forum: Personal Investments
Topic: Moving to Roth 401(k)?
Replies: 9
Views: 906

Re: Moving to Roth 401(k)?

You’re asking all the right questions, but it boils down to the one at the end of your post which only you can answer: will your tax bracket really be higher than 32% in retirement? For almost all people the answer is no, especially between retirement onset and the start of social security. There’s ...
by SS Rambo
Wed Jan 13, 2021 11:10 am
Forum: Personal Investments
Topic: $4 in IRA - how to clear it out so I can do backdoor Roth conversions?
Replies: 14
Views: 1038

Re: $4 in IRA - how to clear it out so I can do backdoor Roth conversions?

Then convert it to a fidelity Roth. Or roll it over to the vanguard IRA. Or yes, pull it out and pay the penalty but that seems like a blemish that could be avoided but digitally submitting a transfer (or conversion) form at Fidelity then being done with it. Good luck, congrats on the Roth money!
by SS Rambo
Mon Jan 11, 2021 8:37 pm
Forum: Personal Investments
Topic: Out of Job: 401K Withdrawal
Replies: 7
Views: 1732

Re: Out of Job: 401K Withdrawl

Maybe a loan from your 401k instead. I thought that too, but you have to be an active employee to initiate those. If OP has a solo 401k or can open one, that would be an option to initiate a loan (could rollover employer plan as well). It's a dangerous game but... since you were looking for 1-3yr f...
by SS Rambo
Wed Dec 30, 2020 7:03 pm
Forum: Personal Investments
Topic: Invest in a family friend's hedge fund?
Replies: 44
Views: 2302

Re: Invest in a family friend's hedge fund?

A 1.75% AUM fee is a high and profitable fee for any advisor... saying “I’m actually a hedge fund and I’d normally charge you a 20% fee as well” is a great sales pitch to get assets into your AUM model.
by SS Rambo
Tue Dec 22, 2020 1:12 am
Forum: Personal Investments
Topic: NUA for $13K of company stocks in 401K - worth it?
Replies: 6
Views: 447

Re: NUA for $13K of company stocks in 401K - worth it?

What’s the soonest you could cash them out at LTCG? Are you comfortable enough with the single stock risk to wait it out and pay 15% vs your ordinary tax rate in X years? Or is your ordinary rate going to be in the 12% bracket anyway? The tax upside makes me think the stock exposure is worth it at t...
by SS Rambo
Wed Dec 16, 2020 3:28 pm
Forum: Personal Investments
Topic: Second HSA plan
Replies: 20
Views: 1290

Re: Second HSA plan

You mention compressing contributions early in the year, but I don’t believe that is an option. Can compress them on the back end, but not the front end. Why? I did this already this year to some extent. If you mean that I can't do a full HSA contribution if I transition away from a HDHP, that's tr...
by SS Rambo
Wed Dec 16, 2020 10:13 am
Forum: Personal Investments
Topic: Second HSA plan
Replies: 20
Views: 1290

Re: Second HSA plan

You mention compressing contributions early in the year, but I don’t believe that is an option. Can compress them on the back end, but not the front end.
by SS Rambo
Tue Nov 24, 2020 4:02 pm
Forum: Personal Investments
Topic: Should Wife contribute to 401K
Replies: 20
Views: 1976

Re: Should Wife contribute to 401K

Are you saying you can reduce her contribution to 3% and still receive a 3% match? Not every company is a dollar for dollar match, I’d confirm that. And yes her contribution vests 100% in year 1. Also as mentioned Roth contributions might be a good plan. But even if her plan does not offer it, incr...
by SS Rambo
Wed Nov 18, 2020 10:21 am
Forum: Personal Investments
Topic: Should I start contributing to a Roth 401k instead?
Replies: 62
Views: 3760

Re: Should I start contributing to a Roth 401k instead?

I assume marriage and kids are in your future, so just to break even on paying a 32% marginal tax rate now, when you retire (presumably paying taxes as MFJ), you need to have over $9 million in tax deferred assets to even remotely approach a 32% tax rate. With a max limit of $19,500 per year, that ...
by SS Rambo
Mon Nov 16, 2020 8:24 am
Forum: Personal Investments
Topic: Should Wife contribute to 401K
Replies: 20
Views: 1976

Re: Should Wife contribute to 401K

Are you saying you can reduce her contribution to 3% and still receive a 3% match? Not every company is a dollar for dollar match, I’d confirm that. And yes her contribution vests 100% in year 1. Also as mentioned Roth contributions might be a good plan. But even if her plan does not offer it, incre...
by SS Rambo
Wed Nov 11, 2020 1:23 pm
Forum: Personal Investments
Topic: About to hit $19.5k 401k limit - After-tax vs automated in-plan Roth conversion
Replies: 26
Views: 1703

Re: About to hit $19.5k 401k limit - After-tax vs automated in-plan Roth conversion

Sounds like you're contributing about $1,770 per month. Even if that last $1,770 that is contributed after-tax does get locked until age 59, are you projecting a $1,770 shortfall during your working years? 5 year conversion wait-limits might come into play, but as mentioned above I don't think you h...
by SS Rambo
Sun Nov 08, 2020 8:11 pm
Forum: Personal Investments
Topic: Can I retire at 49
Replies: 192
Views: 17575

Re: Can I retire at 49

I don't see much margin for error or road bumps between now and 70 with this plan. Your expenses are $100k after taxes, and your $90+$10 plan is before taxes. I would suggest re-running your numbers with a tax hit off the top of your SWR (and I would project higher tax rates than we have today). You...
by SS Rambo
Mon Oct 26, 2020 5:40 pm
Forum: Personal Investments
Topic: solo 401k confusion
Replies: 14
Views: 894

Re: solo 401k confusion

2) As far as the employer contribution, I am confused! This calculator calculates the Solo 401k contribution and explains it: https://www.gocurrycracker.com/solo-401k-contribution-calculator/ Very handy. The calculator caps the "Day Job 401k $" contribution input to $19.5k; I assume if I ...
by SS Rambo
Tue Oct 13, 2020 9:56 pm
Forum: Personal Investments
Topic: Self Directed IRA at Entrust
Replies: 5
Views: 367

Re: Self Directed IRA at Entrust

Not knowing much about Entrust, but knowing how much those companies hate to roll your money out of their control, I think your best bet is to just tell them a $130k distribution is being requested. Not mentioning a rollover or desire to buy a bond fund. Take that check, rolling it into a discount b...
by SS Rambo
Wed Sep 30, 2020 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Six Figure Student Debt
Replies: 84
Views: 7149

Re: Six Figure Student Debt

I'm not living at home at 23, 24 years old. I wouldn't recommend it to any young adult that can afford not to. A lot of important growth takes place at that age and some of that growth is dependent upon being self-reliant and also upon being away from mom and dad. Neither of those exist living at h...
by SS Rambo
Tue Sep 29, 2020 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone successfully negotiated/contested a life insurance quote?
Replies: 19
Views: 1111

Re: Has anyone successfully negotiated/contested a life insurance quote?

This is one of the few situations where it helps to have a representative (salesperson) for that company. Not an online broker like term4sale and not an independent agent. A longstanding rep will have experience calling their own underwriting department (something a client can't do, but they can cal...
by SS Rambo
Tue Sep 29, 2020 11:49 am
Forum: Personal Investments
Topic: Mother Has Asked Me For Retirement Advice
Replies: 23
Views: 2404

Re: Mother Has Asked Me For Retirement Advice

Family situations can be tough, and there's always the risk of being blamed when the right investment doesn't pan out. Sometimes the best/safest thing to do is all the legwork to find the right 3rd party for a relative to work with. But yeah, without knowing how much she'll be needing for this 'brid...
by SS Rambo
Tue Sep 29, 2020 11:38 am
Forum: Personal Investments
Topic: Mother Has Asked Me For Retirement Advice
Replies: 23
Views: 2404

Re: Mother Has Asked Me For Retirement Advice

So her "retirement plan" is a bridge until she uses SS and her 401k? What is the retirement plan and how do you know it can be invested in a Vanguard fund? Could be a pension or annuity. I understand she won't share much but no one should give/receive advice with that little information.
by SS Rambo
Thu Sep 17, 2020 6:52 pm
Forum: Investing - Theory, News & General
Topic: Inversely Correlated Investments with the Greatest Spread?
Replies: 19
Views: 1119

Re: Inversely Correlated Investments with the Greatest Spread?

It's unclear what you're asking. The obvious answer is that a long and short position on the most volatile underlying available will be inversely correlated with the greatest spread. Is that what you mean? Or something else? That's exactly what I mean. Assuming a long and a short position could be ...
by SS Rambo
Thu Sep 17, 2020 3:59 pm
Forum: Investing - Theory, News & General
Topic: Inversely Correlated Investments with the Greatest Spread?
Replies: 19
Views: 1119

Re: Inversely Correlated Investments with the Greatest Spread?

I don't disagree with anything there. Again, the question I am asking has nothing to do with creating a practical portfolio or diversification. I am taking a graduate course on Investing Theory, which is the theme of this sub-forum, so before I finish my work I wanted to source other views. I agree ...
by SS Rambo
Thu Sep 17, 2020 1:27 pm
Forum: Investing - Theory, News & General
Topic: Inversely Correlated Investments with the Greatest Spread?
Replies: 19
Views: 1119

Re: Inversely Correlated Investments with the Greatest Spread?

What’s your goal? Holding a product and the inverse is not a winning strategy. If it was, you could just buy TQQQ and sell TQQQ short. What would that achieve? As far as a goal, this is not for a portfolio/position I'm looking to establish. Asking here under Investing Theory, for input/assistance w...
by SS Rambo
Wed Sep 16, 2020 10:50 pm
Forum: Personal Finance (Not Investing)
Topic: Who has the best rate for borrowing against your stocks thru margin / loan management account?
Replies: 6
Views: 599

Re: Who has the best rate for borrowing against your stocks thru margin / loan management account?

I would be very interested in what you choose and your experience with it if you’re able to.