Cash Sweeps for IRA's (ROTH and Traditional)

[ITEngineer]

We just got a $1.06 bill from our child's PCP for a vaccine that wasn't fully covered.
We want to pay in pennies.
The bill arrived 8 months...

[ITEngineer]

I've gone from....
Sharebuilder to
ING to
CaptialOne to
E*TRADE to (now)
Morgan Stanley.....
without ever raising...

[ITEngineer]

I was mostly this strategy for 10+ years as my 401k only offered a low cost S&P 500 fund and everything else was high fees, so I stayed away.
...

[ITEngineer]

How often do you work outside of the city? Would it make sense to just rent a car for those times? Once a week would seem inconvenient (maybe) but once...

[ITEngineer]

+100. Paul Ryan was the biggest hypocrite of them all, blasting the previous administration in the name of fiscal responsibility ......and the moment...

[ITEngineer]

The market was down 20% last year from the peak. That was a nice sale.

[ITEngineer]

I do not mind throwing away food. That said it would be hard to estimate how much food gets tossed in my house. Probably 10-15% but I'm not sure how to...

[ITEngineer]

IRA's were never supposed to be for estate planning. I'm okay with updating the rules. 10 years is still a long time to withdraw the money. And if the...

[ITEngineer]

Are there no total stock market index funds or S&P500 index with low fees?

Current Fund and Expense Ratio's
PSIFX - 0.250%
...

[ITEngineer]

I could not read the article as I am not a WSJ subscriber.

I guess I'm in the minority here. Getting rid of the Stretch IRA for wealth passed...

[ITEngineer]

Didn't you jump in then last January when the market was down 20%?

[ITEngineer]

Was Organic Chemistry easy? (That's the class I remember kids complaining about the most....I really wanted to take it because I had no idea how hard...

[ITEngineer]

I agree, but are you telling me that Doctors don't retrain/learn new things? I thought that there was a post recently about someone whom failed some certification...

[ITEngineer]

I meant zero disrespect and yes, I would agree that medicine is a STEM. As I re-read that line it could sound mean but that was never my intent.

[ITEngineer]

I don't see how it would given the current environment. The Chinese economy is still just a copycat of the USA and still export dependent. All of their...

[ITEngineer]

I have a ChargePoint 32A charger that I would highly recommend. Had it for 3 years. No issues. App works great to track monthly usage. I installed it...

[ITEngineer]

WeWork of course...

[ITEngineer]

Our 2012 Nissan Leaf is extremely quiet and definitely not a luxury vehicle. I would not recommend a Mazda if road noise is not wanted but they are fun...

[ITEngineer]

Thanks! That was it.

[ITEngineer]

I wouldn't expect it 'above' the banner. I would expect it below the main banner probably after 'WCI Newsletter'

[ITEngineer]

The link on your man page is still to 'forums' not 'forum'.

[ITEngineer]

Provident Mortgage I used a mortgage broker once and found better deals on my own.....that created an awkward situation...... Then I tried Lending Tre...

[ITEngineer]

Physicianm2Pilot wrote: The whole life policies we purchased were $250,000 each with monthly premiums of ~$275 for me and ~$197 for my wife. The website says the current “cash value” for my ...

[ITEngineer]

Infinity wrote: ~4-5 years of living expenses Click to expand... This should be enough to protect you from SORR concerns. The market recovered in about 3 years from the biggest crash in...

[ITEngineer]

treesrock wrote: About to ditch the health insurance and Costco card since those can be accessed on my phone Click to expand... Yes - No need to keep them on you. I wish I could get ...

[ITEngineer]

If you died, spouse would have to get a new mortgage unless you're expecting it to be paid off with the life insurance. Seems sub-optimal. Might have ...

[ITEngineer]

Hank wrote: Good quality knives and pans Click to expand... What pans do you have? We have the high quality knives (or at least I think we do.....Love our Wusthof) but I'm...

[ITEngineer]

Kamban wrote: This is the one where there are lot of negative reviews for some Costco models. Click to expand... We bought Microwave and Stove from Costco. It's been ...

[ITEngineer]

One of my favorite topics....... I work for a large company which made over $7B last year and is on pace to make over $8B this year. Unfortunately they had to...

[ITEngineer]

Kamban wrote: I would never consider a 150 mile range unless it is strictly a city car. How big of a city are you in? That's a lot of driving every day. You could be 50 miles outsid...

[ITEngineer]

What great timing. The US Census just released facts two days ago about income distribution in the USA. Facts trump feelings If you make more than $10...

[ITEngineer]

Kamban wrote: The battery degradation of Leafs is awful, if reports are to be believed. Therefore many people tend to lease Leafs and do not buy them back at the end of the lease. H...

[ITEngineer]

mxg67 wrote: If we were to get a car, a used leaf would be one of the options. Click to expand... We love our used Leaf. Got it for < $10k three years ago. The only mainten...

[ITEngineer]

GasFIRE wrote: Pretty slick technique and patented. Click to expand... Wow - I have never heard of this before. Amazing. Am I the only one that think this is a loophole that sho...

[ITEngineer]

wvu doc wrote: The cash value now is $7,210. Click to expand... If you had $7,210 in your pocket, would you go buy this policy and sign yourself up for a $74 annual payment? Cash it out and simplify your life.  It sho...

[ITEngineer]

Lordosis wrote: I have not watched any professional sports since the Superbowl in 2018 Click to expand... E.A.G.L.E.S - EAGLES!...

[ITEngineer]

Yes - I would do the upgrade. I'm not sure if I would invest in new Hardware for an 8 year old laptop, but you can if you want to. Make appropriate backups...

[ITEngineer]

Vagabond MD wrote: I do and will continue to reduce exposure to risk assets as my nest egg grows. At $10M, I would be 40-50% in stocks. Click to expand... No worries about future inflation? (just asking, ...

[ITEngineer]

Panscan wrote: It’s also fraud as these children are clearly not independent and receiving support from their parents. Click to expand... I'm at a total loss on how this works. Who pays for their healthcare? ...

[ITEngineer]

ajm184 wrote: Have owned a Genisis for 13 years and it still works well Click to expand... Me too! I had gone through (2) $200 grills in 4 years when I bought it. I believe I paid...

[ITEngineer]

gvs.psych wrote: 12/15 of the payments are just me paying my credit card as soon as a balance appears Click to expand... Curious - What's the logic/thought process here? Why not wait for you...

[ITEngineer]

Checkbook. No

Credit Card - Absolutely. That's how I make sure all expenses got recorded.

[ITEngineer]

spiritrider wrote: NO change to the Social Security COLA. Click to expand... Wow! My bad here. You're right it's just for income tax rates. I must have assumed that SS benefit...

[ITEngineer]

trebizond wrote: My parents are in retirement both in their 70s and live on a tight budget. They still have ~120K to pay off of their house (I know, long story). My father’s retirement 401...

[ITEngineer]

spiritrider wrote: Start using the chain CPI: This will over time subtly reduce the increase in benefits. Click to expand... I'm not sure if people realized this or not, but t...

[ITEngineer]

JLor23 wrote: model 3, which has lower cost of ownership than a Camry or Accord. Click to expand... How are you coming to this conclusion? The M3 is about a year old....hardly eno...

[ITEngineer]

I haven't stepped foot into a bank since 2002. Granted, the first internet bank I picked (NetBank) went bankrupt in 2007 (before the financial crisis)...

[ITEngineer]

I would remove the links to your account numbers. What happens if the Walnut farm doesn't produce as expected? What is the backup plan there if that inc...

[ITEngineer]

InvisiBill wrote: Let’s say the valuation of the real estate company is about $5M on the books, but if the properties were sold on the open market, maybe about $50M. Click to expand... This doesn'...

[ITEngineer]

The White Coat Investor wrote: They are still paying into it instead of me right now Click to expand... Isn't this one easy? Just tell them you will never take over the payments (unless I miss-und...

[ITEngineer]

Last year was our first year on an HDHP as my large employer switched over. Unfortunately, while never ever having any major medical expenses for two...

[ITEngineer]

Peds wrote: mistyped, fixed. couldnt count that day or overally optimistic. Click to expand... It's all good. I'm not keeping score. And I have no skin in the game, so...

[ITEngineer]

Peds wrote: the value is 5 figure, which means the RMD is ~2%, round to $100. Click to expand... The math seems off as 2% of $10k is $200. Regardless...... I'm...

[ITEngineer]

If solar is virtue signaling, what is coal dumping, owning an SUV, a large house, or having a long commute? (or fast fashion/disposable clothes....blah...

[ITEngineer]

According to this article assets were $14.3B so MainePERS is 83% funded. There are plenty of Pensions in much worse shape. Illinois is short $134B, only co...

[ITEngineer]

I'm generally very negative on pensions, but this article doesn't have enough information to know how much trouble MainePERS is in. Is it a $2.9B shortfall...

[ITEngineer]

For me currently, it's Van Huesen for shirts and pants. I'm 6'1, ~190. I wish stores carried more 'tall/slim' sizes (I hardly consider myself skinny,...

[ITEngineer]

Software engineer. Get to start work at 22 and graduate debt free (or with minimal debt). That's a huge time jump on all you doctors Let time do t...

[ITEngineer]

Mississippi requires it. They have the highest vaccination compliance. Here is the full article. Unfortunately PA (my state) and CO are the worst. ht...

[ITEngineer]

MaxPower wrote: CPA thinks it will be about a wash despite $30k more in income Click to expand... Wouldn't that mean that you benefited from the new tax bill because your tax bill didn't go up? The old one would hav...

[ITEngineer]

Dusn wrote: unnecessarily increases the national debt Click to expand... Given all the threads here, I'm surprised we haven't had one about the National Debt (or I have missed it). When tax rates rise, they will...

[ITEngineer]

The White Coat Investor wrote: Not sure I’m seeing what you’re saying there. Click to expand... It looks like I'm 100% wrong. I'm glad to be wrong in this case. So...

[ITEngineer]

Live Free MD wrote: 2. I own VTIAX (Vanguard total international fund) in my taxable brokerage account. To claim the foreign tax credit, TurboTax asks for my gross income from foreign sources....

[ITEngineer]

Lordosis wrote: Inflation will take care of the debt Click to expand... Social Security is indexed for inflation, so unless we change our index calculation, it will rise at an equivalent rate. I assume if ...

[ITEngineer]

SwanSong wrote: The percentage of borrowers behind has declined, meaning more people are are paying on the whole Click to expand... Exactly. It is bad reporting then they are reporting absolute numbers, no...

[ITEngineer]

This might not be popular, but why not cash it out? If it's less than $10k, that's not a lot of money. You can put whatever is left (after taxes) in your...

[ITEngineer]

Kamban wrote: Like one of the posters here who has a 12M land but until it is sold and money obtained it is a money sucker as property taxes have to be paid What should b...

[ITEngineer]

Zaphod wrote: I’d be all for corporations not having so many loopholes and paying little taxes Click to expand... IMO the easiest one to close is the deduction that all...

[ITEngineer]

Dont_know_mind wrote: I have this somewhat dytsopian view of cities, that they’re likely to get bigger and more expensive. Click to expand... They don't have to be. Japan is great example of mega cities with extremely reas...

[ITEngineer]

Kamban wrote: Actually I was responding more to the statement that Bill Gates does not need the money and in order to keep the program solvent, it needs to be means tested...

[ITEngineer]

jfoxcpacfp wrote: I got worked up enough to use the “f” word. Click to expand... Fun? Fantastic? Fabulous? I'm not sure what "F" word you are referring too I'm not su...

[ITEngineer]

Kamban wrote: If they try to change the rules midway in the game I will be angry Click to expand... Do you agree that we (America) have to change the rules though? The lo...

[ITEngineer]

jfoxcpacfp wrote: btw, if and when I start collecting SS, it will be MY money, not someone else’s. Didn’t you say “it ceased to be my money the moment the federal govern...

[ITEngineer]

Kamban wrote: This is my beef with politicians who will never give straight answers. Click to expand... There is a difference between a vague proposal from a politician t...

[ITEngineer]

ENT Doc wrote: As for the mandated investment idea, that would destroy the ponzi scheme. With loss of revenue SS enters a death spiral even faster. Click to expand... ...

[ITEngineer]

Drop it into MD wrote: The way it is taxed is flat but the way it is paid out is not. Click to expand... This is my 'collected like insurance but paid like a pension' c...

[ITEngineer]

MaxPower wrote: extend age to benefits—probably the right answer since lifespan has increased significantly since SS was introduced; greater means testing, etc Clic...

[ITEngineer]

Dont_know_mind wrote: I am a bit worried I will pay CGT on my primary residence when I sell it. Click to expand... I was just pointing out that if I made $500k profit on AAPL or FB or AMZN, people would think it's crazy to n...

[ITEngineer]

If you want the best traction in the snow/ice, put winter tires on your Honda Fit. Lighter cars need less traction to start and stop. I will take a light...

[ITEngineer]

Dont_know_mind wrote: removes 1031 exchanges to pay for 50-100% CGT relief on primary residences. Click to expand... How many people pay CGT on sale of primary residences? Right now, you're given $250,000 tax free ($500,000 ...

[ITEngineer]

ENT Doc wrote: Tax forms and their instructions are free. Click to expand... I'm debating on doing this for Tax year 2018 as I'll be taking the standard deduct...

[ITEngineer]

How much money are you looking to put in CD Ladders? Beware of FDIC limits (since it sounds like you might be approaching them) If you had $100k, You ...

[ITEngineer]

If you haven't contributed to a ROTH IRA yet, I would take the $12k and contribute to a 2018 ROTH for both of you (that would be $11k). You have until...

[ITEngineer]

jhwkr542 wrote: If you’re going to hit $24k both years, then bunching won’t make any difference. Click to expand... That's not true. It could be true, but follow this example..... ...

[ITEngineer]

When I was young, I chased higher returns and put my car fund in the stock market. It was early 2000's so it paid off fantastically! The car salesman...

[ITEngineer]

Larry Ragman wrote: However, if the mortgage interest and SALT are considered sunk costs, but then I lump charitable every other year perhaps with a DAF, I would get the std deduction one year and $10k in d...

[ITEngineer]

Larry Ragman wrote: Do you plan to bunch charitable deductions going forward (e.g., take the standard deduction in alternate years)? Click to expand... Yes. We opened a DAF in 2017 and put 2018 con...

[ITEngineer]

Eimaise wrote: Yes I have every penny we have spent on everything for the past 8.5 years of marriage on excel spreadsheets broken down by category. Click to expand... You're awesome. I have 18+ year...

[ITEngineer]

$650/mo or $7800/year for a family of 4 (13 & 11 year old boys). This is food only. Does not include any meals out. We cook our own meals and buy flo...

[ITEngineer]

FIREshrink wrote: who has holes in his jeans because Click to expand... you want to keep up with the latest fashion, right? ...

[ITEngineer]

There are RMD worksheets to calculate this: https://www.irs.gov/retirement-plans/plan-participant-employee/required-minimum-distribution-worksheets A...

[ITEngineer]

ZZZ wrote: Sure, stuffing $ under the mattress ended up being a good strategy this year, but how much growth did she lose out on over the last decade by having money in cash a...

[ITEngineer]

spiritrider wrote: Hint, some random website is not an authoritative source of information on a particular brokerage. Click to expand... It was just a point of reference for discussion. I'm very...

[ITEngineer]

Dreamgiver wrote: I park that money in a money market account. One of Fidelity’s MM gives now around 1.4% Click to expand... Is this a taxable account or an IRA account? According to this th...

[ITEngineer]

Peds wrote: why would you do this in an IRA and not taxable? Click to expand... I do buy individual stocks in taxable. Taxable doesn't have a cash sweep problem as I can shift cash withou...

[ITEngineer]

We were with CapitalOne Investing. I liked them a lot. Etrade bought all of CapitalOne's Investing accounts this year. A month has passed since the t...

[ITEngineer]

I played for 9 years before giving up in high school. It wasn't cool to play instruments and sports. A decision I regret. I've wanted to buy a keyboard an...

[ITEngineer]

Zaphod wrote: No one should really be using a CD, you can get all kinds of liquid secure investments with much more yield. Click to expand... Are you suggesting that people should be using T-bills ...

[ITEngineer]

I find this discussion fascinating yet somewhat over my head. As a patient, at what point do you question a test that a Doctor has asked for? Or even...

[ITEngineer]

Foster wrote: If this works out then it could 2-3X the investment in a few years. Stock market doesn’t offer that apart from picking penny stocks, which I guess this is…….risky....