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Brother-in-law w/ CC Debt

Brother-in-law unfortunately built up a large sum of credit card debt in the past ($20k+). The debt was sent off to a collection agency 2+ years ago. He now has some funds (due to inheritance), that he could pay off this debt. He was planning to pay off the debt by negotiating a discounted payoff. H...
by Kittle2020
Wed Oct 29, 2014 10:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Brother-in-law w/ CC Debt
Replies: 38
Views: 3681

Re: Relocating advice

The job market is tough. What are your occupations? A lender would *most* definitely care about income or lack of it. Why would they not care? We are both in the accounting profession and both make about the same amount (although wife working PT right now). I am hoping there are some jobs out there...
by Kittle2020
Sat Aug 24, 2013 2:05 am
 
Forum: Personal Consumer Issues
Topic: Relocating advice
Replies: 7
Views: 615

Relocating advice

Planning to move our young family of 4, 350 miles away from Chicago for a better overall quality of life (cheaper real estate, better schools, closer to extended family, etc). This would occur ideally in about 8-10 months. I would like some input from Bogleheads who have done either or both of these...
by Kittle2020
Fri Aug 23, 2013 5:08 pm
 
Forum: Personal Consumer Issues
Topic: Relocating advice
Replies: 7
Views: 615

Re: Professional Staging Services? [Selling home]

Thanks for the feedback. In throwing a slight curveball to the equation, since we have 2 young children and a small dog, instead of staging the condo, we are leaning towards: 1) moving out of our place; 2) ensuring fresh paint/new carpet, etc; and 3) listing it for sale. I don't want this process to...
by Kittle2020
Thu Dec 27, 2012 1:39 am
 
Forum: Personal Finance (Not Investing)
Topic: Professional Staging Services? [Selling home]
Replies: 7
Views: 1009

Professional Staging Services? [Selling home]

We are getting ready to place a 3 BR, 2 BA condo on the market. After selecting our selling agent, he recommended we meet with a professional stager to get ideas to make our house "look more like HGTV." Granted, we don't have the best interior design skills, including not having the nicest...
by Kittle2020
Sat Nov 03, 2012 8:42 am
 
Forum: Personal Finance (Not Investing)
Topic: Professional Staging Services? [Selling home]
Replies: 7
Views: 1009

Re: SAHM Warchest

Has anyone saved money with plans of using it in this way to fund the same lifestyle while shifting from a DINK to single income household? Almost three years ago, we had our son when we turned 30 and my wife has been a SAHM since. She has enjoyed this experience immensely but the last six months, ...
by Kittle2020
Tue Jun 21, 2011 11:35 am
 
Forum: Personal Finance (Not Investing)
Topic: SAHM Warchest
Replies: 22
Views: 2196

Sorry, for the misunderstanding. He knows how much he has in his 401k, however, I don't know how much he has, thus I don't know what $9k would be of his overall nest egg.
by Kittle2020
Fri Mar 18, 2011 8:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Options for co-signer of loan?
Replies: 10
Views: 1491

Options for co-signer of loan?

My step-father-in-law co-signed a loan for his daughter for beauty school. She was not able to make all the payments and thus the lender, Sallie Mae, is coming after him. Details of the loan are below: Original loan $12k Daugher paid $2k Owes $10k He recently called Sallie Mae and got it to $9k. He ...
by Kittle2020
Fri Mar 18, 2011 2:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Options for co-signer of loan?
Replies: 10
Views: 1491

Also use new contributions and distributions to buy asset classes to get things back towards your desired asset allocation. This also makes actual rebalancing by selling or exchanging assets rare with the 5/25 rule. For distributions, do you automatically have all dividends and capital gains transf...
by Kittle2020
Wed Sep 01, 2010 5:58 pm
 
Forum: Investing - Theory, News & General
Topic: When to Rebalance?
Replies: 24
Views: 5182

Taylor -

Thanks for the clarification and allocation suggestion. I really enjoyed that book.

Kyle
by Kittle2020
Tue Jul 13, 2010 2:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advice for brother
Replies: 7
Views: 1616

House Blend - Thanks for the clarification on both points.
by Kittle2020
Fri Jul 09, 2010 10:54 am
 
Forum: Investing - Help with Personal Investments
Topic: Advice for brother
Replies: 7
Views: 1616

If the low tax bracket is going to be long-term, don't bother with the muni fund and stick with Total Bond in Taxable (maybe starting in 2011). If the low tax bracket is likely to be temporary, then a Roth conversion in 2011 sounds like a good idea. Otherwise, I would stand pat. The tax bracket is ...
by Kittle2020
Thu Jul 08, 2010 2:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advice for brother
Replies: 7
Views: 1616

Advice for brother

I posted last year for my own portfolio and am grateful for the community's advice. Now I am posting on behalf of my brother, whose employer does not offer a 401k, and thus, he has limited tax-advantaged space. He currently has a large sum sitting in VG Money Market Fund to be used strictly for inve...
by Kittle2020
Thu Jul 08, 2010 12:28 am
 
Forum: Investing - Help with Personal Investments
Topic: Advice for brother
Replies: 7
Views: 1616

If your 401k holding goes up rebalance into that bond fund in your 401, if it goes down your equities in rollover should also go down and you can buy more equties there. It's the total portfolio that matters. That makes sense. Thanks. Would your advice change if you knew for now we would only be ma...
by Kittle2020
Thu Sep 03, 2009 11:41 am
 
Forum: Investing - Help with Personal Investments
Topic: New Boglehead Portfolio Advice
Replies: 9
Views: 1697

Re: New Boglehead Portfolio Advice

Thanks for everyone's input. We plan to invest 10.5% in Total Bond Market or TIPS to allow us to get to our 25% desired bond allocation. We would like then have a mix of the total stock market, total international market and some REIT exposure that will get us to 55 (Domestic) /35 (Int’l) /10 (REIT)...
by Kittle2020
Wed Sep 02, 2009 4:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: New Boglehead Portfolio Advice
Replies: 9
Views: 1697

New Boglehead Portfolio Advice

First time doing this, so let me know if you need any more details.... Emergency funds = 5 to 6 months of expenses (not part of asset allocation) Debt: 30 year Fixed Mortgage (6%) Tax Filing Status: Married filing Jointly Tax Rate: 25% Federal, 3% State - IL Age: 31 Desired Asset allocation: 75/25 I...
by Kittle2020
Mon Aug 31, 2009 6:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: New Boglehead Portfolio Advice
Replies: 9
Views: 1697

3) At some point this year, you will need to create a trust and a will so that you baby can get the most possible without the death tax and that you wont have to go through probate (expensive). I understand the need for a will, but can you clarify the pros/cons of creating a trust at such a young a...
by Kittle2020
Tue Aug 11, 2009 2:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: Financial Planning for a New Born
Replies: 6
Views: 1111

If you have no other place to put bonds, you need to run a bond calculator to determine if the bonds (that you absolutely must place in a taxable location) should be taxable or tax-exempt. It will depend on your tax bracket. Do you have examples of good bond calculators? My brother will need to put...
by Kittle2020
Mon Aug 10, 2009 4:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: Best Vanguard Funds for a Taxable Account?
Replies: 29
Views: 7601

Roth is always my LAST choice because I don't expect to be paying 30% tax when I retire. Your situation may be different, and may favor the Roth. (Well, I guess I should say taxable is my last choice.) So, I guess the answer to my question is that it depends on your current tax rate vs. your expect...
by Kittle2020
Thu Aug 06, 2009 11:49 am
 
Forum: Investing - Theory, News & General
Topic: ROTH IRA for spouse over add'l 401k contributions
Replies: 7
Views: 2104

ROTH IRA for spouse over add'l 401k contributions

Just would like your thoughts on this theoretical situation. I understand the importance of first placing money in a 401k up to the company match, then maxing out a Roth IRA and if there is any remaining, max out the 401k. If a family that has one income has $20,000 to invest, they would put $x in t...
by Kittle2020
Wed Aug 05, 2009 11:19 am
 
Forum: Investing - Theory, News & General
Topic: ROTH IRA for spouse over add'l 401k contributions
Replies: 7
Views: 2104

Experience with Redfin or Zip Realty?

When we decide to sell our condo, I am looking at other options besides the traditional "pay a realtor 3% to make it all happen." I have seen and heard both Redfin and Zip Realty mentioned on these boards. Can anyone provide details of a first hand experience with either of these folks or ...
by Kittle2020
Thu Jul 23, 2009 4:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Experience with Redfin or Zip Realty?
Replies: 2
Views: 1132

Thanks retiredjg. In my taxable account, I just exchanged shares from a TR account to a mix of the VG Total Stock Market (55%) and VG FTSE All World (45%). Already do have a separate emergency fund established. Will get around to posting total portfolio when I get the chance. Glad I found this site ...
by Kittle2020
Thu Jul 23, 2009 3:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advice on taxable account
Replies: 12
Views: 2388

Sounds good. Thus, you are saying that your taxable accounts should contain 100% stock, as long as you are happy with your desired breakdown of stocks/bonds in your total portfolio (i.e. 80/20, 90/10, etc).
by Kittle2020
Thu Jul 23, 2009 2:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advice on taxable account
Replies: 12
Views: 2388

Re: Advice on taxable account

Any advice on best funds for taxable account? .... this money I wont touch until retirement. Newer to the forum, so please don't laugh at this question (not to be intended for OP): What are the drawbacks to have a TR Fund in a taxable account if you don't plan to touch until retirement? Are more ta...
by Kittle2020
Thu Jul 23, 2009 1:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advice on taxable account
Replies: 12
Views: 2388

Thanks for your advice so far. I realize being a landlord from afar may not be easy. And based on your posts, I may be underestimating what that really entails. I guess two other reasons I was leaning this way, which I did not include in my original post: 1) My wife is a SAHM and would maybe have a ...
by Kittle2020
Fri Jul 17, 2009 9:59 am
 
Forum: Personal Finance (Not Investing)
Topic: To rent or sell the condo...That is the question!
Replies: 10
Views: 2052

To rent or sell the condo...That is the question!

I have been lurking on Bogleheads for the past few weeks or so. There seems to be some very sound advice being provided collectively by the group. Thus, I am quite glad I have come across this site! With that said, I want to pose the following scenario and let you provide some feedback as to what yo...
by Kittle2020
Thu Jul 16, 2009 5:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: To rent or sell the condo...That is the question!
Replies: 10
Views: 2052

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