Schwab Intelligent Portfolios: "Holding Cash Is Good For You"

I had high hopes for Charles Schwab's upcoming robo advisor product Schwab Intelligent Portfolios. It's supposed to have Schwab's brand, scale, customer service, IT infrastructure, low-cost ETFs, and zero fees above the underlying ETF expenses. However, Schwab had to make it not so clean-cut. What could've been a very compelling product all around is now a little difficult to explain. Instead of an unequivocal "sign me up" people are given some reasons to debate, hesitate, and possibly be [...]

Anatomy Of a Co-Branded Credit Card

News said Costco will break up its co-branding relationship with American Express. The Costco American Express card will discontinue after April 2016. I worked a small part in a similar co-branded credit card deal. I will share some information about [...]

Fidelity Extends Free Trades To Five More iShares ETFs

Fidelity sends me marketing mails from time to time. The latest mail piece included some good information worth noting. Under the heading for ETFs, it said Fidelity added another 5 iShares ETFs to the commission-free list. Previously Fidelity offered [...]

How To Report Backdoor Roth In TaxACT

By request from a reader, I give a walkthrough for how to report backdoor Roth in TaxACT. If you use TurboTax, see How To Report Backdoor Roth In TurboTax. If you use or H&R Block software, see How To Report Backdoor Roth In H&R Block [...]

How To Report Backdoor Roth In H&R Block Software

I wrote How To Report Backdoor Roth In TurboTax back in 2012 to help people navigate TurboTax to account for backdoor Roth on the tax return. I updated it with new screenshots from the latest software. This year some of you may have defected to [...]

From Aggressive Saving To Living Paycheck To Paycheck

2014 was a great year for my family. Our net worth had a healthy increase. We are ready to launch the second phase of our long term strategy in 2015. 2015 will mark the beginning of significant changes in our life. My wife and I had significant [...]