Search found 1642 matches

by archbish99
Sat Jan 28, 2012 1:49 am
Forum: Personal Investments
Topic: Is tax-efficient fund placement always better?
Replies: 12
Views: 1251

Re: Is tax-efficient fund placement always better?

Thanks everyone for your responses. Taylor, I'll be sure to check out the book. It seems like the piece of the premise you're missing is that tax-efficient placement doesn't say you don't put stocks in your tax-advantaged accounts, just that if something's going to hang out, it's going to turn out ...
by archbish99
Fri Jan 27, 2012 2:11 pm
Forum: Personal Investments
Topic: First time investor ETFs vs Vanguard Funds
Replies: 13
Views: 2454

Re: First time investor ETFs vs Vanguard Funds

401k: No employer match currently. It is with theonline401k.com. I am not pleased with its fund selection and it seems the only index fund in there is SWPPX. All the other funds seem to be actively managed with expense ratios between 0.64% - 1.5%. I would recommend rethinking this. Tax-advantaged s...
by archbish99
Wed Jan 25, 2012 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: Take out loan against 401k?
Replies: 6
Views: 1224

Re: Take out loan against 401k?

I read that it is real PITA to get a mortgage lender to remove PMI from your mortgage, so I do not like option D. If you somehow got in a hurry to buy a house, but didn't have the down payment, then I would think maybe option E would be borrow some from the 401(k) to avoid PMI and pay the 401(k) lo...
by archbish99
Wed Jan 25, 2012 6:44 pm
Forum: Personal Investments
Topic: How does selling stocks work?
Replies: 6
Views: 1048

Re: How does selling stocks work?

I've never bought individual stocks before and only invested in a 401k or Roth in mutal funds, so this is a pretty basic question which I would like advice on. Many moons ago, my wife worked for Walmart. They granted her free stock grants. We were getting some small dividends for the past couple of...
by archbish99
Mon Jan 23, 2012 3:26 pm
Forum: Personal Investments
Topic: help with retirement
Replies: 9
Views: 1086

Re: help with retirement

The general wisdom is to draw down taxable first, and use the low-income time that gives you convert your pre-tax assets into Roth accounts up to the top of the 15% tax bracket each year. However, with the pension, you may not have a lot of extra room. The other thing that substantial assets let you...
by archbish99
Sat Jan 21, 2012 6:27 pm
Forum: Personal Finance (Not Investing)
Topic: USAA check deposit at UPS ... anyone use it?
Replies: 17
Views: 6321

Re: USAA check deposit at UPS ... anyone use it?

I've used the easy deposit service at UPS stores several times and never had any problems. I would use deposit@home, but I am non-military and there for ineligible. Military has nothing to do with it. I'm non-military, and I've got D@H. I think the criteria be that you have (or have had) both insur...
by archbish99
Sat Jan 21, 2012 2:44 pm
Forum: Personal Consumer Issues
Topic: Elections
Replies: 17
Views: 1320

Re: Elections

In Seattle the only option for voting is by mail so the official deadline doesn't matter much... So Seattle doesn't have walk-in polling places? Interesting; how long has this been going on? All of Washington state, actually. The legislature made it an option counties could choose in 1987. By 2009,...
by archbish99
Fri Jan 20, 2012 7:03 pm
Forum: Personal Investments
Topic: Helping My Employer With Our 401K
Replies: 25
Views: 3427

Re: Helping My Employer With Our 401K

(a) I will find out about "Open Architecture". Should my expectation be that we literally move existing funds out of actively managed funds into low cost index funds that meet the same basic target asset class (large cap active to S&P500 index for example)? That makes me a little nerv...
by archbish99
Fri Jan 20, 2012 1:39 pm
Forum: Personal Investments
Topic: Starting 2 new Roth IRAs, the same fund?
Replies: 8
Views: 839

Re: Starting 2 new Roth IRAs, the same fund?

I'm looking to start a new Roth IRA for myself and my wife. We're looking to start with a TR fund from Vanguard. Would it make sense to fund both with $1,000 and start with the same 2 funds or would that overlap? We're both age 29 and I feel pretty comfortable with the TR2050 fund. I would fund bot...
by archbish99
Fri Jan 20, 2012 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: USAA check deposit at UPS ... anyone use it?
Replies: 17
Views: 6321

Re: USAA check deposit at UPS ... anyone use it?

Can you use mobile deposit? Not sure if there's a dollar limit. https://www.usaa.com/inet/pages/mobile_banking_dm $5k limit for the Deposit@Home feature. I suspect the same applies for Mobile and UPS Store. If so, you'll need to mail it. You can understand why they'd want the original check for lar...
by archbish99
Fri Jan 20, 2012 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card Hacked -- how?
Replies: 62
Views: 8572

Re: Credit Card Hacked -- how?

I like this idea: On the back of my cards, I sign in permanent ink "SEE MY I.D." and sign the pads the same way. I feel that is a bit of protection. The gel pen does not allow your check or signature to "washed". I tried doing this. I tried using that card at the post office. Th...
by archbish99
Wed Jan 18, 2012 3:28 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card Hacked -- how?
Replies: 62
Views: 8572

Re: Credit Card Hacked -- how?

Interesting about the vouchers. That explains why I read so often that people who had their credit card info stolen report that airline tickets were purchased with the info. I've read that it's quite common for hackers to buy gift cards and sell them on ebay using the same MO, but I can see that ai...
by archbish99
Wed Jan 18, 2012 3:12 pm
Forum: Personal Investments
Topic: AA and Future Contribution Help for new member- Info Updated
Replies: 46
Views: 2488

Re: AA and Future Contribution Help for new member- Info Upd

Till you are experienced, I'd watch it every month or so. If your contributions reflect the same ratios you want in your portfolio, the portfolio should be OK unless there is a market crash. Obviously, the portfolio is going to wander around the percentages you choose. People vary greatly on how of...
by archbish99
Wed Jan 18, 2012 12:46 pm
Forum: Personal Investments
Topic: AA and Future Contribution Help for new member- Info Updated
Replies: 46
Views: 2488

Re: AA and Future Contribution Help for new member

Tax Filing Status: Single, getting married in May '12 This is just around the corner. You need to provide spouse's details to get a complete picture. For example, if your new spouse has high interest rate loans you would want to pay them off before taxable investing. Incidentally, if you're getting...
by archbish99
Wed Jan 18, 2012 12:03 am
Forum: Investing - Theory, News & General
Topic: 40 or 50 year SWR study
Replies: 9
Views: 1986

Re: 40 or 50 year SWR study

A recent study you may want to peruse is this one by Jim Otar: "Perpetual Withdrawal Rates for Foundations, Endowments and Charitable Trusts: A Non-Gaussian Analysis" Though it's directed at foundations and endowments with perpetual withdrawal needs, it's findings are equally applicable t...
by archbish99
Tue Jan 17, 2012 11:24 pm
Forum: Personal Finance (Not Investing)
Topic: Am I calculating my taxes correctly?
Replies: 39
Views: 2611

Re: Am I calculating my taxes correctly?

I'm going to have a total roth IRA contribution of 5k this year. There are no other deductions (unless I can think of some). I'm single and 22. I guess I didn't know exactly what head of household meant. I just tried working the numbers again and I got this ($5k in roth IRA not shown). Roth contrib...
by archbish99
Tue Jan 17, 2012 5:54 pm
Forum: Personal Consumer Issues
Topic: Tithe 10% of Gross?
Replies: 102
Views: 9311

Re: Tithe 10% of Gross?

Don't have any specific stats, but I know many people who tithe 10% of their gross. They don't talk about it much, but it's an important part of their faith. That and some others pretty well sum it up. We started at 10% and have been increasing over time. We're up to 18.5% now. Our retirement savin...
by archbish99
Tue Jan 17, 2012 5:41 pm
Forum: Personal Investments
Topic: Newbie: should I contribute more to my 401k or taxable?
Replies: 9
Views: 1993

Re: Newbie: should I contribute more to my 401k or taxable?

Look at it this way. You're paying 30% marginal rate on taxes. For every dollar that you put into a taxable account, you could have put $1.42 into the 401k. Compare that to the extra ~1% expense on the funds in your 401k. Assuming a constant return, that 1% drag takes about 37 years to overwhelm the...
by archbish99
Tue Jan 17, 2012 5:18 pm
Forum: Personal Investments
Topic: ETFs in IRA -- Too Complicated?
Replies: 18
Views: 1898

Re: ETFs in IRA -- Too Complicated?

While accumulating, if you use DCA, say twice a month, and you have 3 ETFs, and both IRA and 401k accounts, then you would have to place 144 buy orders a year. That's a lot of time to enter those orders and wait for executions, as well as commissions. True. My strategy is to contribute to mutual fu...
by archbish99
Tue Jan 17, 2012 2:48 pm
Forum: Personal Consumer Issues
Topic: Good walking hiking shoes?
Replies: 27
Views: 4285

Re: Good walking hiking shoes?

For walking I prefer New Balance. For hiking (the shoe has heavier construction and more agressive tread) I prefer Nike. I prefer the shoe style, not the boot style. The shoe style is fine in everything but heavy snow and they tend to breathe better. I live in Minnesota and there are only a half do...
by archbish99
Tue Jan 17, 2012 2:44 pm
Forum: Personal Consumer Issues
Topic: Does anyone own an old school antenna
Replies: 35
Views: 2007

Re: Does anyone own an old school antenna

We barely use it, though. We got spoiled using a Tivo with cable for a long time before we canceled a couple years ago, so either broadcast or cable feels handicapped without a DVR. Live TV commercials seem nearly unbearable after getting away from them for a while. We get by with Hulu and Netflix ...
by archbish99
Mon Jan 16, 2012 8:46 pm
Forum: Personal Investments
Topic: Invest for my 10 yo daughter
Replies: 24
Views: 2209

Re: Invest for my 10 yo daughter

One of the life insurance is with New York Life. The proceeds is currently sitting in the bank idle. The New York Life representatives suggested the following investment strategy for the proceeds: - 50% for mutual funds - 30% for my daughter's whole life insurance - 20% for her annuity I think the ...
by archbish99
Mon Jan 16, 2012 8:37 pm
Forum: Personal Investments
Topic: Invest for my 10 yo daughter
Replies: 24
Views: 2209

Re: Invest for my 10 yo daughter

Anybody can recommend a fee-only financial planner in (west) Chicago area? It turned out I'm the benefinicary of my ex-wife's 401K and I just received a letter from the plan administration that I'll need to take a minimum distribution this year. Is this expected? I'm trying to reach them for clarif...
by archbish99
Mon Jan 16, 2012 8:19 pm
Forum: Personal Finance (Not Investing)
Topic: Found $100 Bill at Walmart
Replies: 161
Views: 16429

Re: Found $100 Bill at Walmart

I find it quite interesting that many of the posters advocating the OP should have kept the $100 use rationalizations such as-- salvage rights, finders keepers (haven't heard that since the 4th grade), the person who dropped the bill won't return, Walmart employees will steal it, etc. To those folk...
by archbish99
Mon Jan 16, 2012 8:02 pm
Forum: Personal Finance (Not Investing)
Topic: Found $100 Bill at Walmart
Replies: 161
Views: 16429

Re: Found $100 Bill at Walmart

I would've put the $100 bill in my pocket and left the store. I don't see how that is somehow "dishonest." How much does it have to be to become dishonest? $500? $5,000? $10,000? If the ownership is easily determined, it's stealing even if it's a penny. If the ownership is not conclusive,...
by archbish99
Mon Jan 16, 2012 7:27 pm
Forum: Personal Consumer Issues
Topic: Does anyone own an old school antenna
Replies: 35
Views: 2007

Re: Does anyone own an old school antenna

As you mentioned, highly location dependent. Also dependent on whether you can get the mount on the roof. We bought a moderately cheap (~$50) Antennas Direct antenna and put it in a closet in the upper corner of our house and got fabulous picture quality on our local channels. However, there were al...
by archbish99
Mon Jan 16, 2012 11:03 am
Forum: Personal Investments
Topic: Has anyone been contacted by the IRS regarding TLH?
Replies: 21
Views: 2357

Re: Has anyone been contacted by the IRS regarding TLH?

The IRS is much more concerned about under-reporting of capital gains. That's why reporting is now required. Example: John buys 1000 shares of XYZ in 2008 for $50/share. (his only holding of XYZ) He sells the 1000 shares in 2011 for $100/share for a gain of $50K. When he goes to do his taxes, he ca...
by archbish99
Mon Jan 16, 2012 10:57 am
Forum: Personal Consumer Issues
Topic: Older? Are you going to die in the next five years?
Replies: 27
Views: 3473

Re: Older? Are you going to die in the next five years?

Leesbro63 wrote:I can't say that dad is "robust" but he's still in pretty good shape for the shape he is in.
Aren't we all?
by archbish99
Fri Jan 13, 2012 2:46 pm
Forum: Personal Finance (Not Investing)
Topic: Timing on HSA/LPFSA
Replies: 3
Views: 801

Re: Timing on HSA/LPFSA

This site indicates that the medical insurance deductible cannot be covered by a LPFSA: http://www.aetna.com/members/fsa/eligibleExpenses/limitedFSA/limitedFSAexpensesO.html Useful.... Not straight from the IRS, but good details. Of course, it does say that all dental work (including more surgical ...
by archbish99
Fri Jan 13, 2012 11:58 am
Forum: Personal Finance (Not Investing)
Topic: Timing on HSA/LPFSA
Replies: 3
Views: 801

Timing on HSA/LPFSA

I've been told by my dentist and an orthodontist that I should seriously consider orthognathic surgery (surgically adjusting the jaw to correct alignment problems too severe for braces). I've been told this in the past by other professionals, so while I'll probably seek a second quote on the prices,...
by archbish99
Wed Jan 11, 2012 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: terrible family finance---need advice
Replies: 12
Views: 2149

Re: terrible family finance---need advice

Well done on working to make yourself financially secure. I don't see any reason why you can't contribute to a Roth. The limit is $5,000 per year (if you can't contribute new money this year, consider moving some from your other account). Only if you are making a lot of money will the ability to co...
by archbish99
Tue Jan 10, 2012 7:42 pm
Forum: Personal Consumer Issues
Topic: Question for Obstructionist Drivers
Replies: 171
Views: 9281

Re: Question for Obstructionist Drivers

I use to do be an obstructionist but I gave it up recently. Here is my obstructionist psychology: If you put your car in cruise control and go about 5 miles above the speed limit in the left lane, then you basically never have to slow down or kick off speed control. It's easy. There is no more effo...
by archbish99
Tue Jan 10, 2012 7:41 pm
Forum: Personal Investments
Topic: Taking a 529 state tax deduction in a non-resident state
Replies: 15
Views: 3558

Re: Taking a 529 state tax deduction in a non-resident state

Don't have any legal references, and honestly this is likely to be an issue of state tax law. Consult an attorney. Gut feeling: Income which is tied to a location (wages) are taxed in the location they're earned, not your home location. Income which is not tied to a location (investments) is taxed i...
by archbish99
Mon Jan 09, 2012 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: Investing after-tax income into employer-sponsored 401K
Replies: 45
Views: 6476

Re: Investing after-tax income into employer-sponsored 401K

Since I'm just starting out, it may make sense to simply eat the tax hit on earnings and convert everything to the Roth IRA (principal + earnings). Capital Gains taxes only apply in a taxable account. You could probably do this every paycheck if you wanted. Not worth the hassle, though. Depending h...
by archbish99
Sun Jan 08, 2012 4:22 pm
Forum: Personal Investments
Topic: HSA Investment options through JPMC
Replies: 11
Views: 1052

Re: HSA Investment options through JPMC

Ah, and I see the article even covers that. Fantastic! :-)
by archbish99
Sun Jan 08, 2012 4:19 pm
Forum: Personal Investments
Topic: HSA Investment options through JPMC
Replies: 11
Views: 1052

Re: HSA Investment options through JPMC

Yeah -- if I could just come up with a way to qualify for Alliant, that would be a very tempting option.
by archbish99
Sun Jan 08, 2012 9:58 am
Forum: Investing - Theory, News & General
Topic: 2011 Returns Thread
Replies: 137
Views: 14077

Re: 2011 Returns Thread

few more questions: 1. monthly bond interest or q6 months for TIPS funds, is an 'addition' to the portfolio, right? 2. but I assume capital gains distributions from either stock or bond mutual funds are not. 3. what about dividend distributions from ETFs/mutual funds? Since these reduce the value o...
by archbish99
Sat Jan 07, 2012 11:15 am
Forum: Personal Finance (Not Investing)
Topic: Personal Finance Advice for 33 Year Old
Replies: 9
Views: 1111

Re: Personal Finance Advice for 33 Year Old

Investing and paying off debt are two sides of the net worth improvement coin. What matters is what your net worth comes to, and its potential for growth based on the money you put into it. A 6.5% debt is an asset with negative value which is growing at a pretty competitive interest rate. Reducing t...
by archbish99
Sat Jan 07, 2012 10:59 am
Forum: Investing - Theory, News & General
Topic: 2011 Returns Thread
Replies: 137
Views: 14077

Re: 2011 Returns Thread

few more questions: 1. monthly bond interest or q6 months for TIPS funds, is an 'addition' to the portfolio, right? 2. but I assume capital gains distributions from either stock or bond mutual funds are not. 3. what about dividend distributions from ETFs/mutual funds? Since these reduce the value o...
by archbish99
Fri Jan 06, 2012 7:35 pm
Forum: Investing - Theory, News & General
Topic: When Does Vanguard's Patent(s) Expire?
Replies: 42
Views: 7313

Re: When Does Vanguard's Patent(s) Expire?

I am curious how we, the shareholders of Vanguard funds, supposedly the owners of Vanguard, benefit from these patents? If not, why waste time and money creating/advancing/enforcing such patents. The only answer I can see if that Vanguard is doing what is best for Vanguard business, with little eye...
by archbish99
Fri Jan 06, 2012 7:30 pm
Forum: Investing - Theory, News & General
Topic: VXUS dividend didn't automatically reinvest!
Replies: 18
Views: 2446

Re: VXUS dividend didn't automatically reinvest!

I called Fidelity about this too. Basically, they can only reinvest on securities of which they keep a sufficient supply, which implies a certain price stability and volume. He also mentioned that the availability of options on the ETF affects it, since they can hedge themselves against price moves...
by archbish99
Fri Jan 06, 2012 2:26 pm
Forum: Personal Investments
Topic: 401k no match - contribute?
Replies: 3
Views: 621

Re: 401k no match - contribute?

Basically, no. The only reason not to is if you have a truly horrendous set of fund choices in the 401k. If they're even moderately decent, take it. Here's the general wisdom on priority order for investment accounts: 401k with match HSA Deductible TIRA Roth IRA in low tax bracket 401k without match...
by archbish99
Thu Jan 05, 2012 7:46 pm
Forum: Personal Finance (Not Investing)
Topic: Investing after-tax income into employer-sponsored 401K
Replies: 45
Views: 6476

Re: Investing after-tax income into employer-sponsored 401K

Even if not, you can still get that 25% max benefit by putting 25% in. Up to the limit, you'll be making pre-tax (or Roth, as appropriate to your tax bracket) contributions. Past the $17k limit, you'll be making after-tax contributions which, at year-end, you can roll over to a Roth IRA. It means th...
by archbish99
Thu Jan 05, 2012 2:15 am
Forum: Personal Finance (Not Investing)
Topic: Saver-Spender marriage, single-income, budget -- SHORTENED!
Replies: 101
Views: 12082

Re: Saver vs Spender marriage, single income, budget, goals-

I have a friend who sounds a lot like you, actually. She did work after they got married, but now stays home with their kids and actively volunteers through their church. They own an extremely nice house with a relatively small mortgage. He saves very aggressively, to the point where they have fight...
by archbish99
Wed Jan 04, 2012 10:25 pm
Forum: Personal Finance (Not Investing)
Topic: Investing after-tax income into employer-sponsored 401K
Replies: 45
Views: 6476

Re: Investing after-tax income into employer-sponsored 401K

With a Roth, yes. But we're not talking about Roth 401k contributions -- those are included in the $17k limit. We're talking about after-tax contributions, which are different. Money goes in after tax. Withdrawal of earnings are taxed at your marginal rate. You're trading giving up the preferred tax...
by archbish99
Wed Jan 04, 2012 7:12 pm
Forum: Personal Investments
Topic: employer match contributions going directly into Roth 401k
Replies: 10
Views: 1360

Re: employer match contributions going directly into Roth 40

I don't think that's legal.... I agree, I've never seen anything that would suggest the employer can opt to do that.
by archbish99
Wed Jan 04, 2012 7:08 pm
Forum: Personal Finance (Not Investing)
Topic: Investing after-tax income into employer-sponsored 401K
Replies: 45
Views: 6476

Re: Investing after-tax income into employer-sponsored 401K

You can do this, but beware -- it's not the same as a Roth contribution. It's the same as a non-deductible IRA contribution. That means your contributions are withdrawn tax free, but earnings are only tax-deferred. In general, it's better to use a taxable account -- the lack of tax drag (i.e. not be...
by archbish99
Tue Jan 03, 2012 7:05 pm
Forum: Investing - Theory, News & General
Topic: Value of Tax Deferral
Replies: 0
Views: 220

Value of Tax Deferral

I was mentally quantifying investment placements this morning, and came up with an interesting question. The metric I was using was the number of dollars contributed to the investment account per dollar of take-home pay given up. Here's what I initially came up with: In the 25% bracket: Traditional ...
by archbish99
Sun Jan 01, 2012 1:13 pm
Forum: Investing - Theory, News & General
Topic: credit, debit, or cash?
Replies: 54
Views: 3848

Re: credit, debit, or cash?

For me, the value of cards vs. cash is the automatic history that's accumulated. There's no more "Where did that other $12 go?" My wife and I have literally talked our way stop by stop through a vacation because we were missing a cash receipt and were trying to true up our budget after we ...
by archbish99
Sat Dec 31, 2011 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: State Use Tax
Replies: 67
Views: 6447

Re: State Use Tax

Of course the States would love to keep the discussion on how to collect more Use Taxes, and strongly favor proxies like vendors to act for them. I have no problem with that, as long as spending is reduced FIRST by each State government in real terms by say 20 percent? It is the SPENDING that is th...