OBi200 Adapter + Google Voice Installation Review

obi200After the announcement that Obihai VoIP adapters were officially supported by Google Voice, I bought one of their discounted Obi200 adapters. I wanted to learn more about this cheap alternative to landline phone service, and also compare the voice quality with my Ooma device.

Obihai adapters have been around since 2011, but this is the first Obi product I have purchased. I don’t know that the installation procedure was in the past, but I believe the official integration has made the installation even easier than before. Supposedly the authentication method is also more secure and your Google password is no longer stored. I thought about making a video, but it really wasn’t necessary.

  1. Open the box and plug in the cables. AC adapter, telephone line, and ethernet cable to router. All ports are clearly marked. All the cables are included except the phone cable which you should already have. The image below says it all:

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  2. Write down your unique Obi number. This is clearly printed on the bottom of the Obi200 box. Mine was 9 digits like “123 456 789″.
  3. Go to your computer and visit ObiTalk.com. Click on the link that says “Register” in the top right corner. Then just follow the directions. Dial a test phone number when it asks. It is easiest to use the “Sign in with Google Account” button since you already have one if you use Google Voice. I didn’t even have to type in my password. They didn’t require name, address, or credit card number. A few confirmation clicks, and that was it.

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  4. Use your phone. I turned on my phone, listened to the dial tone, and called my cell phone. Success! Traditional phone service with unlimited calls within the US and Canada for the great price of $0 a month. The voice quality was fine, but I’ll test it out more over the next couple of weeks.

Total set-up time was under 10 minutes. If for some reason my directions don’t work, check out the official Obi200 Starter Guide [pdf] or their extensive set of tutorials. You can also add e911 service for $15 a year.

The Obi200 is currently $49.99 at NewEgg and $64.90 at Amazon, both with free shipping options. The newer Obi200 supports T.38 faxing and has a USB port which can be used to connect to your router over WiFi using an OBiWiFi adapter. If you want to save some money you can buy the OBi100 for $37.99 at NewEgg and $39.99 at Amazon (prices often change). NewEgg works with Shoprunner which many people have for free, giving you free 2-day shipping. Here is a comparison of the OBi100, OBi110, OBi200, and OBi202.

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Schwab Personal Choice Retirement Account (PCRA) Review – 401k Brokerage Window

Tax-advantaged 401k and 403b plans can help you save for retirement, but did you know that you’re probably paying for all the costs of this “employee benefit”? 76% of large employers have workers pick up all the costs of 401(k) administration, according to a recent Forbes article Creative Ways to Cut Your 401(k) Fees. The tab is often quietly paid via high-fee mutual funds (which in turn kick back money to the administrator). The article also focuses on brokerage windows, an “escape hatch” that allows employees to move their funds into a self-directed account with a many more investment options. Their availability is growing:

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What is the catch? These self-directed plans have their own set of fees, notably annual maintenance fees and transaction fees. While regular 401(k) plan options may be limited and more expensive on a percentage basis, they usually don’t charge transaction fees each time you buy or sell. For this reason, brokerage windows tend to work better people with larger account balances. With bigger trade sizes, a flat commission is only a small percentage of the total amount involved.

We recently gained access to Schwab’s brokerage window, called the Personal Choice Retirement Account (PCRA). The mechanics were pretty simple. After completing a special application, you could sell a portion (or all) of your existing investments and transfer them into a “Schwab PCRA” bucket. That money then shows up into your linked account at Schwab.com, where you do all your trades.

Commission Schedule and Available Mutual Fund List. Here is the PCRA fee schedule and PCRA mutual fund availability list that was provided to me by Schwab. (I am assuming these documents are the same across all PCRA plans, but I could be wrong. As I’ll explain shortly, just because something is listed does not mean it is available to everyone.)

The commission schedule is pretty similar to what is available in their standard brokerage account. $8.95 ETF and stock trades, $0 trades for Schwab ETFs. No commission on their No-Transaction-Fee mutual fund list (funds have to pay to be on the list), otherwise $50 to buy and $0 to sell. Schwab PCRA does not charge any annual account or maintenance fees, but your Retirement Plan Service Provider may charge account maintenance fees or some form of “recordkeeping fees”. In our case, there is a $50 annual account fee.

The mutual fund list is quite extensive. Let’s say I was trying to buy the Vanguard REIT ETF (VNQ). I searched and found two results:

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The big caveat in my particular case: ETF and stock trades were not allowed at all. I still tried to make a purchase but got this message:

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From the fee schedule, I assume that some PCRA plans will offer this feature. But in my case, I had to be satisfied with buying the Vanguard REIT mutual fund (VGSIX) and paying $50 per buy trade. The good news is that I was able to buy Admiral Shares (VGSLX) which has the same expense ratio (0.10%) as the ETF version ($10,000 minimum).

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Should I use my brokerage window? According to this Money article, just 5.6% of 401(k) investors opt for a brokerage window even with it is offered. The Schwab PCRA has worked out well for me as an alternative to my standard 401k investment options, but only because a few things aligned:

  • My balance was big enough. Paying $50 a year and $50 per trade is only worth it when your balance is big. Let’s say my balance is $100,000. $50 is only 0.05% of $100,000. If I am saving over 0.05% in expense ratios every single year in exchange, that is a great deal. But $50 is a full 1% of a $5,000 balance.
  • There was a better option in the brokerage account. For example, the S&P 500 index fund in my 401k standard menu charges 0.30% annually, while I can access a Schwab S&P 500 index fund at only 0.09% annually. In my case, I wanted cheap access to the REIT asset class which I didn’t have otherwise. Only about 25% of 401k plans offer access to an REIT fund.
  • I don’t trade too frequently. $50 a pop adds up, so I intend to accumulate money in the normal account, and then transfer over a chunk of money once a year to my Schwab PCRA. This way my bi-weekly contributions are invested for free, and I limit my $50 Schwab trades to once or twice a year.

US Airways Premier World MasterCard: Limited-Time 40,000 Mile Bonus (Success!)

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Update: Successfully got my 40,000 bonus miles. Details following, as I certainly like knowing these things before applying for a card. Applied on 7/14. Approved on 7/21. First statement closed on 8/12, in which I charged $10 and also paid the … [Read the rest]

Viggle App Review: Surprise, You Can’t Make Good Money While Watching TV

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Papa John's sent me a code for a free song download the other day. It was really a way to introduce me to the Viggle, a smartphone app which allows users to "check in" when listening to songs or watching TV shows. Similar to Shazam, the app … [Read the rest]

Free Rideshare Promo Codes: Uber, Lyft, Flywheel, Gett, Sidecar, Silvercar

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Added new Summon app $20 bonus for rides in San Francisco. $20 Flywheel bonus is back. Summoning a car with your smartphone is all the rage. Most of these startups are offering some form of bonus credit for first-time users. If you live in a … [Read the rest]

Discounted Gift Cards: Extra $5 off $100 on Select Brands

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Update: The code below for existing users has expired, but new customers can still get $5 off $75 using code RAISE75AF. Raise.com sells discounted gift cards to various retailers. Right now until 09/18 at 3 pm CST they have a coupon code … [Read the rest]

American Express Twitter Promotions (Updated)

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Updated with Walmart promo. American Express and Twitter offer unique limited-time discounts for specific stores. You may also be able to access these discounts via the AmEx smartphone app or by logging into your account and scrolling down to the … [Read the rest]

What Are The Real-World Benefits of Automated Tax Loss Harvesting?

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Tax-loss harvesting (TLH) is a technique used to minimize taxes on your taxable investments by “harvesting” capital losses during market declines. With DIY investors, losses are usually only harvested once a year. But with an computer as your por … [Read the rest]

Must, Should, and Financial Freedom

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If you struggle with your inner compass at times like I do, definitely read this thought-provoking and inspiring article The Crossroads of Should and Must by Elle Luna: Should is how others want us to show up in the world — how we’re supposed to t … [Read the rest]

Healthcare FSA $500 Rollover and Open Enrollment

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In October of last year, the government announced that administrators of Healthcare Flexible Spending Accounts (FSA) could allow employees to roll over up to $500 of unspent FSA money into the following year's balance . This change was designed up … [Read the rest]

Obihai Free Monthly Home Phone Service; VoIP Adapter Deal for $30

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If you still have landline phone service and are looking for a cheaper alternative, Obihai is officially supported by Google again (it ended back in May 2014): Obihai is excited to announce official support for Google Voice. With a Google Voice … [Read the rest]

Google Hangouts App Update: Free Voice Calls Over Data for Android and iPhone

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Google has just announced better integration between Google Voice and their Google Hangouts smartphone app. Both iOS and Android apps can now make domestic and international calls through a Wi-Fi or data connection (like 4G). You can also receive … [Read the rest]