Comments on: Charles Schwab IRA Review http://www.obliviousinvestor.com/schwab-ira-review/ Investing Blog: The Oblivious Investor Mon, 06 Feb 2012 20:02:26 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Capt. Mike http://www.obliviousinvestor.com/schwab-ira-review/comment-page-1/#comment-4979 Capt. Mike Fri, 12 Mar 2010 13:21:03 +0000 http://www.obliviousinvestor.com/?p=5468#comment-4979 Mike- an update with regard to my inability to open a Solo / Individual 401 K with the Roth option or component at Vanguard. They have been working on this for a couple of weeks now. My rep called me the day before yesterday to inform me that I could move forward. They have seen the light and so we will be opening an Solo / Individual 401 K with a Roth option at Vanguard. :-) I give Vanguard and my rep a lot of credit for going the extra mile for us. I was a little bit of a squeaky wheel... For those self-employed or sole proprietors who are interested in learning more about the Vanguard product you can go here: https://personal.vanguard.com/us/whatweoffer/smallbusiness/individual401k?Link=individual401k&LinkLocation=smallbusiness_overview and here: https://personal.vanguard.com/us/whatweoffer/smallbusiness/compareplans?Link=facet Kind regards, Capt. Mike Mike- an update with regard to my inability to open a Solo / Individual 401 K with the Roth option or component at Vanguard.

They have been working on this for a couple of weeks now. My rep called me the day before yesterday to inform me that I could move forward. They have seen the light and so we will be opening an Solo / Individual 401 K with a Roth option at Vanguard. :-)

I give Vanguard and my rep a lot of credit for going the extra mile for us. I was a little bit of a squeaky wheel…

For those self-employed or sole proprietors who are interested in learning more about the Vanguard product you can go here:
https://personal.vanguard.com/us/whatweoffer/smallbusiness/individual401k?Link=individual401k&LinkLocation=smallbusiness_overview

and here:
https://personal.vanguard.com/us/whatweoffer/smallbusiness/compareplans?Link=facet

Kind regards, Capt. Mike

]]> By: david pottruck http://www.obliviousinvestor.com/schwab-ira-review/comment-page-1/#comment-4946 david pottruck Fri, 05 Mar 2010 23:38:38 +0000 http://www.obliviousinvestor.com/?p=5468#comment-4946 larry, this popped up in my inbox. who exactly is the "Larry" I knew in high school?? im glad you are a Schwab client. they are a wonderful firm to this day. dave pottriuck larry,

this popped up in my inbox. who exactly is the “Larry” I knew in high school?? im glad you are a Schwab client. they are a wonderful firm to this day.

dave pottriuck

]]> By: Claude http://www.obliviousinvestor.com/schwab-ira-review/comment-page-1/#comment-4900 Claude Thu, 25 Feb 2010 00:52:30 +0000 http://www.obliviousinvestor.com/?p=5468#comment-4900 Good point. I hadn't realized they were both tracking Barclays until you pointed it out. The Schwab site still refers to it as Lehman. Good point. I hadn’t realized they were both tracking Barclays until you pointed it out. The Schwab site still refers to it as Lehman.

]]> By: Mike http://www.obliviousinvestor.com/schwab-ira-review/comment-page-1/#comment-4899 Mike Thu, 25 Feb 2010 00:15:41 +0000 http://www.obliviousinvestor.com/?p=5468#comment-4899 Good question. I left it out due to its expense ratio. Paying 0.55% for a fund that tracks the same index as DBMIX (0.40% ER and available as a no-load at Schwab) doesn't make a lot of sense to me. Good question.

I left it out due to its expense ratio. Paying 0.55% for a fund that tracks the same index as DBMIX (0.40% ER and available as a no-load at Schwab) doesn’t make a lot of sense to me.

]]> By: Claude http://www.obliviousinvestor.com/schwab-ira-review/comment-page-1/#comment-4898 Claude Thu, 25 Feb 2010 00:06:47 +0000 http://www.obliviousinvestor.com/?p=5468#comment-4898 Mike, Did you mean to overlook Schwab Total Bond Market Fund (SWLBX) when referring to no commission bond index funds? Claude Mike,

Did you mean to overlook Schwab Total Bond Market Fund (SWLBX) when referring to no commission bond index funds?

Claude

]]> By: Mike http://www.obliviousinvestor.com/schwab-ira-review/comment-page-1/#comment-4896 Mike Wed, 24 Feb 2010 20:30:28 +0000 http://www.obliviousinvestor.com/?p=5468#comment-4896 Nice catch. Thanks for pointing it out. I've fixed it in the article. Nice catch. Thanks for pointing it out. I’ve fixed it in the article.

]]> By: Anthony http://www.obliviousinvestor.com/schwab-ira-review/comment-page-1/#comment-4895 Anthony Wed, 24 Feb 2010 20:19:14 +0000 http://www.obliviousinvestor.com/?p=5468#comment-4895 Mike: Nice write-up, as always, but I think you transposed the tickers for the Dreyfus Bond Market Index Fund(s). The Basic class of the fund, DBIRX, has an ER of 0.15%, but trades with a transaction fee at Schwab; the Investor class, DBMIX, is NTF with an ER of 0.40. Best regards, Anthony Mike:

Nice write-up, as always, but I think you transposed the tickers for the Dreyfus Bond Market Index Fund(s). The Basic class of the fund, DBIRX, has an ER of 0.15%, but trades with a transaction fee at Schwab; the Investor class, DBMIX, is NTF with an ER of 0.40.

Best regards,

Anthony

]]> By: Lance http://www.obliviousinvestor.com/schwab-ira-review/comment-page-1/#comment-4894 Lance Wed, 24 Feb 2010 20:18:14 +0000 http://www.obliviousinvestor.com/?p=5468#comment-4894 Figured it out, this is the link for everybody: https://www.schwab.com/service?request=GAOService&&application_type=CC&Prefill=Y&NextPage=GAOCreditCardPrefillScenario Oddly, I got a "we will consider your request" screen, which in my experience at least usually means they're going to decline the application. Odd, since my credit is good. Figured it out, this is the link for everybody: https://www.schwab.com/service?request=GAOService&&application_type=CC&Prefill=Y&NextPage=GAOCreditCardPrefillScenario

Oddly, I got a “we will consider your request” screen, which in my experience at least usually means they’re going to decline the application. Odd, since my credit is good.

]]> By: Lance http://www.obliviousinvestor.com/schwab-ira-review/comment-page-1/#comment-4892 Lance Wed, 24 Feb 2010 19:49:26 +0000 http://www.obliviousinvestor.com/?p=5468#comment-4892 Hrm. When I click through, it seems fine, but when I try to apply it says, "Your session has either timed out or has not been correctly established. Please sign on again." The way it's phrased, it looks like it's invite only. I may just have to give them a call. It's difficult because I already did my maximum IRA contributions for 2009 and 2010; I'd hate to have to open an account with them and pour in new money into a non-tax-advantaged account just to get a crack at the 'free' money. Thanks for the lead, though-- I'll see if I can figure out a way to make this work. Hrm. When I click through, it seems fine, but when I try to apply it says, “Your session has either timed out or has not been correctly established. Please sign on again.” The way it’s phrased, it looks like it’s invite only. I may just have to give them a call. It’s difficult because I already did my maximum IRA contributions for 2009 and 2010; I’d hate to have to open an account with them and pour in new money into a non-tax-advantaged account just to get a crack at the ‘free’ money. Thanks for the lead, though– I’ll see if I can figure out a way to make this work.

]]> By: Mike http://www.obliviousinvestor.com/schwab-ira-review/comment-page-1/#comment-4891 Mike Wed, 24 Feb 2010 19:45:05 +0000 http://www.obliviousinvestor.com/?p=5468#comment-4891 <a href="https://www.schwab.com/public/schwab/nn/banking/cc_invest_first_offer.html" rel="nofollow">Here's the page</a> for their Visa application. Here’s the page for their Visa application.

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