Search found 2023 matches

by nolesrule
Mon Aug 02, 2021 9:32 am
Forum: Personal Investments
Topic: Roth/Traditional 401k Options To Reduce Administrative Fees
Replies: 16
Views: 1142

Re: Roth/Traditional 401k Options To Reduce Administrative Fees

Checking back in here with a much better understanding of the plan fees. See below direct from the plan paperwork. These are all charged Quarterly. 1. Custodial Services = 0.050% of Plan Assets 2. Custodial Transaction Fee = $0.06 Per Trade 3. Plan Administration = Pro Rata Share of $500 (don't und...
by nolesrule
Thu Jul 29, 2021 7:46 am
Forum: Personal Investments
Topic: Roth/Traditional 401k Options To Reduce Administrative Fees
Replies: 16
Views: 1142

Re: Roth/Traditional 401k Options To Reduce Administrative Fees

I've had plans where the best investment Expense Ratio was higher than that fee total... and there were still admin fees on top of that. Those fees aren't terrible and they are something I could live with.
by nolesrule
Mon Jul 26, 2021 8:09 am
Forum: Personal Investments
Topic: Accouting question in regards to MF purchase from funds in MMF
Replies: 21
Views: 1434

Re: Accouting question in regards to MF purchase from funds in MMF

1. I don't think they want to have everyone paying a different price for the shares on the same morning ... however small the difference. I suspect the funds will go back to the MMF they came from. You can suspect whatever you want, but people here are telling you their real world experience. … And...
by nolesrule
Mon Jul 26, 2021 7:32 am
Forum: Personal Investments
Topic: Accouting question in regards to MF purchase from funds in MMF
Replies: 21
Views: 1434

Re: Accouting question in regards to MF purchase from funds in MMF

1. I don't think they want to have everyone paying a different price for the shares on the same morning ... however small the difference. I suspect the funds will go back to the MMF they came from. You can suspect whatever you want, but people here are telling you their real world experience. Here'...
by nolesrule
Sun Jul 25, 2021 2:36 pm
Forum: Personal Investments
Topic: Employer to only match while using financial advisor/firm
Replies: 92
Views: 5616

Re: Employer to only match while using financial advisor

Lee_WSP wrote: Sun Jul 25, 2021 12:28 pm
Something like what?

With a 5305, you don't get the match and can't contribute if you refuse to use the chosen provider. It's a pretty simple plan.

It's no different from a 401k provider choice.
The OP didn't say anything about not being able to contribute. Just not getting the match.
by nolesrule
Sun Jul 25, 2021 12:23 pm
Forum: Personal Investments
Topic: Employer to only match while using financial advisor/firm
Replies: 92
Views: 5616

Re: Employer to only match while using financial advisor

If your employee uses our account and funds and advisor, we'll lower the cost per head for that employee (by passing the high plan fees off to the employee). Employer thinks, if they use the advisor, my costs will go down. So I'll pay out the match only if they use my advisor in order to get them t...
by nolesrule
Sun Jul 25, 2021 9:31 am
Forum: Personal Investments
Topic: Employer to only match while using financial advisor/firm
Replies: 92
Views: 5616

Re: Employer to only match while using financial advisor

What type of retirement plan is this? This smells of kickbacks. Agree. Lawsuit waiting to happen and with good justification at least morally, not sure about legally. Unless a fantastic job it would be enough to get me to consider a job change. So unethical. Never ascribe to malice that which is ad...
by nolesrule
Sun Jul 25, 2021 9:17 am
Forum: Personal Investments
Topic: Accouting question in regards to MF purchase from funds in MMF
Replies: 21
Views: 1434

Re: Accouting question in regards to MF purchase from funds in MMF

I never looked closely enough to sort that out before, as I had a super busy work life and I (incorrectly) assumed that the "loss" had to do with a change in purchase price of the MF... but in light of the price being set at market closure, and the transaction occurring in the am at that ...
by nolesrule
Sat Jul 24, 2021 11:43 am
Forum: Personal Investments
Topic: Accouting question in regards to MF purchase from funds in MMF
Replies: 21
Views: 1434

Re: Accouting question in regards to MF purchase from funds in MMF

It's all in the rounding. Sometimes you win, sometimes you lose. You won't get the 3 cents back. You only get shares to 3 decimal places even though they show a fourth.
by nolesrule
Sat Jul 24, 2021 9:45 am
Forum: Personal Investments
Topic: Employer to only match while using financial advisor/firm
Replies: 92
Views: 5616

Re: Employer to only match while using financial advisor

What type of retirement plan is this?

This smells of kickbacks.
by nolesrule
Sat Jul 24, 2021 9:27 am
Forum: Personal Finance (Not Investing)
Topic: What is the average savings rates for bogleheads?
Replies: 267
Views: 20172

Re: What is the average savings rates for bogleheads?

How do you define saving?

You defined income for purposes of this discussion, but not saving.
by nolesrule
Fri Jul 23, 2021 2:06 pm
Forum: Personal Investments
Topic: Mega Backdoor Roth - Roth 401K First?
Replies: 26
Views: 2074

Re: Mega Backdoor Roth - Roth 401K First?

Yes withdrawal order rules for Roth IRA are as follows: 1. All direct contributions to Roth 2. All conversions to Roth by year and within each year: 2a. All conversions of pre-tax dollars come out first 2b. All conversions of after-tax dollars come out last 3. Earnings in the Roth account This order...
by nolesrule
Fri Jul 23, 2021 11:10 am
Forum: Personal Investments
Topic: Mega Backdoor Roth - Roth 401K First?
Replies: 26
Views: 2074

Re: Mega Backdoor Roth - Roth 401K First?

Understood on the $1k (although didn't realize it comes out "first")... I figured that had a 5 year clock (and maybe early withdrawal penalties if under 59.5). But what about the original after-tax $10k? Can that be withdrawal at any time once it's rolled to the Roth IRA? Yes, but the $1k...
by nolesrule
Fri Jul 23, 2021 8:51 am
Forum: Personal Investments
Topic: Where do bonds and REITs and dividends go? Taxable, tax deferred, or no tax accounts?
Replies: 19
Views: 1265

Re: Where do bonds and REITs and dividends go? Taxable, tax deferred, or no tax accounts?

The “dogma” is that bonds go in tax-deferred and stocks in taxable. However, now dividend yields for stocks are higher than bond yields. Not to mention all the capital gains. So, it seems to me that the dogma is exactly backwards in our new secular era of low bond yields. Not necessarily. Don't jus...
by nolesrule
Thu Jul 22, 2021 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: Apple Pay: value vs. chip credit card
Replies: 77
Views: 5691

Re: Apple Pay: value vs. chip credit card

Apple Pay for the web is a pain in the butt to implement. They could have done a few standardized data validation steps in the wallet, address book and paysheet that would have streamlined implementations.
by nolesrule
Thu Jul 22, 2021 10:46 am
Forum: Personal Finance (Not Investing)
Topic: Apple Pay: value vs. chip credit card
Replies: 77
Views: 5691

Re: Apple Pay: value vs. chip credit card

Apple Pay and G pay and others like that work on the exact same principle as contactless payment using the card itself or using the chip (I'm not talking about swiping cards here). A single use token is generated and supplied to the merchant for the authorization so that your actual card details are...
by nolesrule
Thu Jul 22, 2021 7:55 am
Forum: Personal Investments
Topic: Solo 401k
Replies: 9
Views: 1108

Re: Solo 401k

Are you independent contractors or self employed running a business?
by nolesrule
Wed Jul 21, 2021 8:21 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard Solo 401K contributions for single employee S-corp
Replies: 4
Views: 431

Re: Vanguard Solo 401K contributions for single employee S-corp

As a W2 employee of the S Corp your compensation is your salary before any payroll deductions.
by nolesrule
Wed Jul 21, 2021 1:14 pm
Forum: Personal Investments
Topic: Subsidized Loans - New Mortgage
Replies: 14
Views: 664

Re: Subsidized Loans - New Mortgage

Thanks. Yes, we have been preapproved by Chase for $100k over what the contract price on the new house is. They aren't going to give you a mortgage for $100k over the contract price unless the appraised value of the house supports it. Contract price + $100k would need to be <= 80% of the appraised ...
by nolesrule
Tue Jul 20, 2021 3:40 pm
Forum: Personal Investments
Topic: Got a tIRA balance, but need to do a Back Door Roth
Replies: 10
Views: 668

Re: Got a tIRA balance, but need to do a Back Door Roth

BolderBoy wrote: Tue Jul 20, 2021 3:23 pm
dormid wrote: Tue Jul 20, 2021 9:23 amMy employer's 401(k) plan only accepts rollovers from "conduit" IRAs.
What is a "conduit IRA"?
Traditional IRA that is titled as a Rollover IRA.
by nolesrule
Mon Jul 19, 2021 6:46 am
Forum: Personal Investments
Topic: Need advice on investing $20,000 in taxable and AA
Replies: 21
Views: 1830

Re: Need advice on investing $20,000 in taxable and AA

When someone has one of those John Hancock plans with high admin fees, I always recommend holding all the bonds in the plan. It slows the growth in the account, which slows the compound effect of the high fees on your overall portfolio. The fees will far outweigh the tax issue in the long run if you...
by nolesrule
Sun Jul 18, 2021 10:04 am
Forum: Personal Investments
Topic: Rate My Roth IRA - 22 Year Old
Replies: 21
Views: 1733

Re: Rate My Roth IRA - 22 Year Old

Awesome feedback! Thank you so much for spending the time to give me advice. I agree with what many have said, stick to the basics. Cut the dividends (going to keep my current position in SPYD because I do enjoy seeing some dividends for fun, but cut VIG) and invest in around 2-3 basic ETFs. I went...
by nolesrule
Sun Jul 18, 2021 10:01 am
Forum: Personal Investments
Topic: Solo 401k set up under different LLC than the one being paid.
Replies: 8
Views: 438

Re: Solo 401k set up under different LLC than the one being paid.

You should amend the current plan to add XYZ, LLC as an employer to your existing Solo 401k. If you own both LLCs, they are part of a controlled group and you cannot have a different Solo 401k for each. So i can't set up another solo 401k for XYZ LLC? when you said amend, do you know what is the pr...
by nolesrule
Fri Jul 16, 2021 1:25 pm
Forum: Personal Investments
Topic: Please rate my portfolio
Replies: 14
Views: 1477

Re: Please rate my portfolio

It's complicated, i have no idea what your holdings are and those expense ratios are high (other than the last two). Also I probably wouldn't bother holding any single investment that's under 5% of the total portfolio.
by nolesrule
Fri Jul 16, 2021 9:51 am
Forum: Personal Investments
Topic: Contributing to my company 401(k) vs my wife's solo 401(k)
Replies: 6
Views: 507

Re: Contributing to my company 401(k) vs my wife's solo 401(k)

From the instructions for Form 8995 To figure the total amount of QBI, you must consider all items that are attributable to the trade or business. This includes, but isn’t limited to, unreimbursed partnership expenses, business interest expense, deductible part of self-employment tax, self-employmen...
by nolesrule
Fri Jul 16, 2021 7:20 am
Forum: Personal Finance (Not Investing)
Topic: My house isn't selling
Replies: 228
Views: 37065

Re: My house isn't selling

What city in Texas? What does your real estate agent say about lack of interest? DFW He says "I called some other agents with nearby listings and they are all saying its really slow right now too" July and August are typically slower times. This may be a sign of a slowdown or it may just ...
by nolesrule
Thu Jul 15, 2021 4:30 pm
Forum: Personal Investments
Topic: Sep IRA vs solo 401k revisited
Replies: 31
Views: 1211

Re: Sep IRA vs solo 401k revisited

Fidelity may or may not be able to provide information. They generally do not provide legal or tax advice, especially when it comes to dealing with multiple employment retirement plans. The Solo 401k max contribution limit is going to be reduced by any employee and employer contributions to the 403b...
by nolesrule
Thu Jul 15, 2021 3:15 pm
Forum: Personal Investments
Topic: Sep IRA vs solo 401k revisited
Replies: 31
Views: 1211

Re: Sep IRA vs solo 401k revisited

I'm probably quite dumb, but this seems really complicated. So to calculate the maximum employer contribution, you figure out what you netted (not grossed) over the year using your tax return, and take 20% of that amount? This strikes me as "after tax." As such, I can't really wrap my hea...
by nolesrule
Thu Jul 15, 2021 2:21 pm
Forum: Personal Investments
Topic: Sep IRA vs solo 401k revisited
Replies: 31
Views: 1211

Re: Sep IRA vs solo 401k revisited

I'm probably quite dumb, but this seems really complicated. So to calculate the maximum employer contribution, you figure out what you netted (not grossed) over the year using your tax return, and take 20% of that amount? This strikes me as "after tax." As such, I can't really wrap my hea...
by nolesrule
Thu Jul 15, 2021 2:14 pm
Forum: Personal Investments
Topic: Savings Bonds Annual Purchase Limit Enforcement
Replies: 7
Views: 753

Re: Savings Bonds Annual Purchase Limit Enforcement

donall wrote: Thu Jul 15, 2021 2:04 pm Each year of Ibonds has a code such as IAAAD
The code is just a purchase confirmation ID and is unique to each bond purchase and increments within the account. It's not a year code.
by nolesrule
Tue Jul 13, 2021 12:56 pm
Forum: Personal Investments
Topic: Investment Plan Record Keeping Fees - Help
Replies: 44
Views: 2474

Re: Investment Plan Record Keeping Fees - Help

That's nothing. I've had a 401k where the admin and record keeping fees approached 0.75% and that was on top of the ERs that were ridiculously high. It wasn't long ago people were paying 2% in their 401k. I think you need a little perspective. 0.0725% is lower than the ER of many index funds availab...
by nolesrule
Fri Jul 02, 2021 12:48 pm
Forum: Personal Investments
Topic: Short term gains and TLH?
Replies: 7
Views: 723

Re: Short term gains and TLH?

You will not have incurred the losses on your ETFs until you actually sell. Them. But, yes, you can use them to offset any STG or LTG or even use $3K towards your own earned tax liability. So essentially, if I do not have any ST gains, when I sell then I can apply the $500 in losses against my inco...
by nolesrule
Thu Jul 01, 2021 3:53 pm
Forum: Personal Investments
Topic: HSA as Investment Vehicle vs additional 401K Contributions
Replies: 22
Views: 2683

Re: HSA as Investment Vehicle vs additional 401K Contributions

The more I think about it, a Roth solo 401k (or 50/50 traditional/roth solo) might be a good compromise. We would still be able to take out the contributions tax free at anytime. Seems like a no brainer over a taxable brokerage account, no? Emphasis mine. This is not correct. Generally you cannot t...
by nolesrule
Thu Jul 01, 2021 3:08 pm
Forum: Personal Investments
Topic: HSA as Investment Vehicle vs additional 401K Contributions
Replies: 22
Views: 2683

Re: HSA as Investment Vehicle vs additional 401K Contributions

The more I think about it, a Roth solo 401k (or 50/50 traditional/roth solo) might be a good compromise. We would still be able to take out the contributions tax free at anytime. Seems like a no brainer over a taxable brokerage account, no? Emphasis mine. This is not correct. Generally you cannot t...
by nolesrule
Thu Jul 01, 2021 10:50 am
Forum: Personal Investments
Topic: Solo 401K and Solo Roth 401K contributions as Single Member LLC taxed as S-Corp
Replies: 5
Views: 471

Re: Solo 401K and Solo Roth 401K contributions as Single Member LLC taxed as S-Corp

Because you a taxed as an S Corp, your employer contribution is limited to 25% of your S-Corp W-2 wages. So if you want to be able to have a larger employer contributions than $15,000 then you'll need to draw a larger salary. Distributions themselves have no effect, because as an S Corp any profit f...
by nolesrule
Wed Jun 30, 2021 8:34 pm
Forum: Personal Investments
Topic: Vanguard 401k Plan doesn't have Vanguard Target Date Funds. Why?
Replies: 5
Views: 597

Re: Vanguard 401k Plan doesn't have Vanguard Target Date Funds. Why?

Vanguard may be the custodian but the owners of the plan pick the investments offered in the plan.
by nolesrule
Wed Jun 30, 2021 8:33 pm
Forum: Personal Investments
Topic: HSA as Investment Vehicle vs additional 401K Contributions
Replies: 22
Views: 2683

Re: HSA as Investment Vehicle vs additional 401K Contributions

Still, I will say I'm a little concerned about our tax rate being the same or higher at retirement, as we are currently at 22%. Have you done the analysis with what you have now in traditional accounts? This should be done every year for determining Traditional vs. Roth contributions. One other not...
by nolesrule
Wed Jun 30, 2021 11:04 am
Forum: Personal Investments
Topic: HSA as Investment Vehicle vs additional 401K Contributions
Replies: 22
Views: 2683

Re: HSA as Investment Vehicle vs additional 401K Contributions

Still, I will say I'm a little concerned about our tax rate being the same or higher at retirement, as we are currently at 22%. Have you done the analysis with what you have now in traditional accounts? This should be done every year for determining Traditional vs. Roth contributions. One other not...
by nolesrule
Tue Jun 29, 2021 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: how to prove that IRA balance is 100% deductible?
Replies: 10
Views: 945

Re: how to prove that IRA balance is 100% deductible?

The agent I spoke to admitted that I was a guinea pig for something they had not done before...and this is Fidelity, they deal with millions of transactions a day, but not simple rollovers apparently. You may be the guinea pig for your employer's plan. Different plans have different rules on accept...
by nolesrule
Tue Jun 29, 2021 7:18 am
Forum: Personal Finance (Not Investing)
Topic: Ally suddently asking to input new password
Replies: 15
Views: 2624

Re: Ally suddently asking to input new password

I received the letter on Friday. It was a coding error that outputted the personal information in a report to a third party in a data exchange file. Any technology provider could have made this error unfortunately. Nope, it's not possible to leak plaintext passwords like this if the technology prov...
by nolesrule
Fri Jun 25, 2021 7:02 am
Forum: Personal Investments
Topic: HM Bradley - is it safe - FDIC response
Replies: 76
Views: 13015

Re: HM Bradley - is it safe - FDIC response

...All of this makes sense, but the account is opened through Hatch, you get a routing number that is clearly Hatch, which is FDIC insured. The money when deposited goes through this routing number to Hatch account in your name... Yeah. The broad outlines are clear. As I said, "it's probably n...
by nolesrule
Thu Jun 24, 2021 12:49 pm
Forum: Personal Investments
Topic: Help deciding best way to pay off mortgage faster
Replies: 60
Views: 4098

Re: Help deciding best way to pay off mortgage faster

Bluemnatra wrote: Thu Jun 24, 2021 11:15 am I’m 37 and yes we plan on staying in the home long term with no plans to ever move.
Is the master bedroom on the ground floor?
by nolesrule
Thu Jun 24, 2021 9:49 am
Forum: Personal Investments
Topic: Help deciding best way to pay off mortgage faster
Replies: 60
Views: 4098

Re: Help deciding best way to pay off mortgage faster

What's the advantage to biweekly payments? other than an extra half-payment that goes to principal twice a year, it doesn't lower the interest and it causes money to leave your accounts earlier than necessary.
by nolesrule
Thu Jun 24, 2021 9:39 am
Forum: Personal Investments
Topic: 1099 income into retirement account questions
Replies: 20
Views: 1185

Re: 1099 income into retirement account questions

Answer to maximize pre-tax contributions: individual 401k for the wife where she can put away unto $19,500 plus up to 25% of matching. Here is some math: 1099 income is $30k after deduction. Payroll taxes are 15.3% (4,590.) Half of which is a business expense ($2,295.) Business profit is therefore ...
by nolesrule
Thu Jun 24, 2021 9:35 am
Forum: Personal Finance (Not Investing)
Topic: HSA Claim Question - Partial Ammount
Replies: 5
Views: 641

Re: HSA Claim Question - Partial Ammount

Yes, you can reimburse yourself at any time for actual expenses incurred (less any insurance reimbursements). The only caveat is that you had to have the HSA prior to the expense being incurred.
by nolesrule
Wed Jun 23, 2021 1:28 pm
Forum: Personal Investments
Topic: 1099 income into retirement account questions
Replies: 20
Views: 1185

Re: 1099 income into retirement account questions

Answer to maximize pre-tax contributions: individual 401k for the wife where she can put away unto $19,500 plus up to 25% of matching. Here is some math: 1099 income is $30k after deduction. Payroll taxes are 15.3% (4,590.) Half of which is a business expense ($2,295.) Business profit is therefore ...
by nolesrule
Wed Jun 23, 2021 11:15 am
Forum: Personal Investments
Topic: 1099 income into retirement account questions
Replies: 20
Views: 1185

Re: 1099 income into retirement account questions

I think I've mixed up in my head employee vs employer for a 1099 gig, which is causing me trouble for understanding the different account types. I ran through the calculator and etc at https://www.mysolo401k.net/solo-401k/solo-401k-contribution-limits-and-types/ It looks like I can make an employer...
by nolesrule
Wed Jun 23, 2021 6:42 am
Forum: Personal Investments
Topic: Fee incurred during HSA reallocation?
Replies: 11
Views: 1061

Re: Fee incurred during HSA reallocation?

seeker24 wrote: Tue Jun 22, 2021 10:08 pm Does VT ETF in HSA while staying in CA incur taxes? Since HSA is considered a taxable account in CA, wondering if this matters only if I sell VT? I plan to hold it though....
The dividends will be taxable.
by nolesrule
Tue Jun 22, 2021 8:56 pm
Forum: Personal Investments
Topic: Donor advised fund questions
Replies: 14
Views: 1256

Re: Donor advised fund questions

Thanks for all the responses. It sounds like what I was thinking was correct so I appreciate the assistance. When I was talking about capital gains, I meant that if I make any sales of stocks or mutual funds in my taxable account, any realized capital gains would be donated to my DAF to avoid payin...
by nolesrule
Tue Jun 22, 2021 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: Opt out for Advance Child Tax Credit payments available at IRS.gov
Replies: 74
Views: 5155

Re: Opt out for Advance Child Tax Credit payments available at IRS.gov

I appreciate the response, but my question is different. Assume your 2020 AGI was over the threshold - do you still need to opt out? It appears that if you received even the regular CTC in 2020, not just the additional one from the stimulus, that you are considered eligible and would need to drop o...