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Re: [Challenging my 401k plan]! How should I respond?

They said that the company we're using has been good to us, knows what they're doing, and that they feel comfortable sticking with them. This is very true. People like to do business with people they are familiar with. Inertia is very powerful. The fear of the unknown is often greater than the devi...
by Ted Valentine
Wed Feb 11, 2015 10:35 am
 
Forum: Personal Finance (Not Investing)
Topic: [Challenging my 401k plan]! How should I respond?
Replies: 29
Views: 2401

Re: Foreign qualification for consulting LLC

Anyone have a recommendation of a company to get registered in multiple states for a reasonable cost?

I have a proposal and they are asking near $20k for 25 states for 5 years. Is that reasonable?
by Ted Valentine
Wed Feb 11, 2015 10:01 am
 
Forum: Personal Finance (Not Investing)
Topic: Foreign qualification for consulting LLC
Replies: 2
Views: 226

Re: Too much money in bank money market account?

It probably gives them a sense of security at their age. They are getting on and things can happen, so it is like a small personal insurance policy compared to their net worth. Are they really worried about this? Why are you worried about this? I hate to be accusatory but this comes off as if you ar...
by Ted Valentine
Wed Feb 11, 2015 9:56 am
 
Forum: Personal Finance (Not Investing)
Topic: Too much money in bank money market account?
Replies: 33
Views: 2598

Foreign qualification for consulting LLC

I am part of a group that started a consulting company last year. All our employees live and are based I our home state. We have clients we visit and work for in many states. Are we required to register in every state we visit and set up a registered agent?
by Ted Valentine
Tue Feb 10, 2015 10:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Foreign qualification for consulting LLC
Replies: 2
Views: 226

Re: How much was your Tax Refund (or amount DUE)

I got back about $5k.

I'm doing it wrong, I know. :D
by Ted Valentine
Tue Feb 10, 2015 3:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much was your Tax Refund (or amount DUE)
Replies: 110
Views: 7223

Re: Standard deduction and housing

If your prop taxes are not escrowed, consider pre-paying them every other year and paying ahead on your charitables so that one year out of two you have high deducts and the other year the standard is a very loose fit. I get my prop taxes in Dec., due in February so it is doable. This is a good ide...
by Ted Valentine
Sat Jan 31, 2015 8:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: Standard deduction and housing
Replies: 10
Views: 1120

Re: Standard deduction and housing

Spending $1 to save 30 cents is never financially worth it. Increase your charitable donations if you feel the need to itemize. As long as your current house meets your needs, there is no reason to upgrade. You will be happy in 15 years with a paid off house instead of only being half way through y...
by Ted Valentine
Fri Jan 30, 2015 3:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: Standard deduction and housing
Replies: 10
Views: 1120

Re: Accidentally forgot a credit card for three months HELP!

I missed a payment before and immediately paid it off. I called the number on the back of the card and they reversed all fees and interest as a courtesy. I had years of history always paying it off to back it up. They may not do that for 3 months, however. Another funny thing that happened recently ...
by Ted Valentine
Fri Jan 30, 2015 3:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Accidentally forgot a credit card for three months HELP!
Replies: 40
Views: 3997

Re: How to respond when someone asks how much money you make

I wish this topic wasn't taboo. I think people view their income too personally and put too much self-worth into that number. I know I can be guilty of this thinking. Perhaps getting this social stigma off income would help people focus more on how well they treated others. I've had a friend ask me ...
by Ted Valentine
Fri Jan 30, 2015 3:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to respond when someone asks how much money you make?
Replies: 107
Views: 10354

Standard deduction and housing

The past 2 years I have taken the standard deduction. The is due mostly to the low interest rates and a (relatively) low mortgage balance. I could probably scrounge around and spend precious time documenting my Schedule A is slightly above the standard deduction with various charitable deductions I'...
by Ted Valentine
Fri Jan 30, 2015 3:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Standard deduction and housing
Replies: 10
Views: 1120

Re: Adopting

We adopted 11 years ago domestically. We have biological children younger. It has been wonderful. I highly recommend doing it. Send me a PM if you have any questions.
by Ted Valentine
Fri Jan 30, 2015 9:51 am
 
Forum: Personal Consumer Issues
Topic: Adopting
Replies: 29
Views: 2602

Re: Interview question...salary

As I gain more experience I find this dance or game of poker you are discussing a colossal waste of time.

At the next contact with the company, flatly ask them what the salary range is for the position because you need to know before going any further. Lay your cards down.
by Ted Valentine
Fri Jan 30, 2015 9:47 am
 
Forum: Personal Finance (Not Investing)
Topic: Interview question...salary
Replies: 30
Views: 3682

Debt payoff or retirement savings?

I have the choice to pay off the remaining $10000 of a car financed at 2.5% or make a contribution towards an IRA for 2014. I can contribute to a deductible IRA and I will be able to recoupe exactly 30% of that on my refund. (Or I could contribute to a Roth.) Due to starting a business in 2014 I did...
by Ted Valentine
Thu Jan 22, 2015 2:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Debt payoff or retirement savings?
Replies: 8
Views: 664

Re: Early Roth distribution tax confusion

Thank you Alan S. :D
by Ted Valentine
Thu Jan 22, 2015 1:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Early Roth distribution tax confusion
Replies: 2
Views: 295

Early Roth distribution tax confusion

Hi Bogleheads, I am having trouble determining how to fill out my return regarding an early Roth distribution for my wife who is 40. My spouse took $2000 out of her Roth IRA to cover some medical bills in 2014. We file jointly. The Roth was funded with part contributions and part 2007 conversion of ...
by Ted Valentine
Thu Jan 22, 2015 10:54 am
 
Forum: Personal Finance (Not Investing)
Topic: Early Roth distribution tax confusion
Replies: 2
Views: 295

Re: How Much (est) For A Home Addition?

About your local value price per SF * 1.3
by Ted Valentine
Thu Oct 24, 2013 2:08 pm
 
Forum: Personal Consumer Issues
Topic: How Much (est) For A Home Addition?
Replies: 17
Views: 2122

Re: Pay off home?

Pay it off. If you don't like it, you can always go get a mortgage.
by Ted Valentine
Thu Sep 12, 2013 3:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Pay off home?
Replies: 63
Views: 4563

Re: The Reformed Broker- "Memo to the Passive Investing Tali

I decided to look up taliban because I was suspicious that the word actually means something. The meaning of the word taliban is student. If he is saying that Swedroe et al are students of Jack Bogle or Ben Graham, I would say that is an accurate. However, the more likely explanation is that he is ...
by Ted Valentine
Mon Aug 12, 2013 2:44 pm
 
Forum: Investing - Theory, News & General
Topic: The Reformed Broker- "Memo to the Passive Investing Taliban"
Replies: 28
Views: 3373

Re: On Shopping And Receiving Change

MunchkinMan - Have you considered carrying $2 bills? I had lunch with a friend yesterday and he had several in his wallet. I made a comment and he explained that he got them in a stack of $500 from the bank. Using $2 bills will lighten your wallet load by 50%. Plus there is the uniqueness factor, wh...
by Ted Valentine
Fri Aug 02, 2013 10:41 am
 
Forum: Personal Consumer Issues
Topic: On Shopping And Receiving Change
Replies: 56
Views: 3509

Re: Should I Roll My Trad IRA?

Unless you are going to be making big big bucks in the future, I think the 25% bracket is boarderline high. Personally, I think you're probably going to be better off deferring the taxes at that rate. However, its impossible to really know which way will turn out better in the long run. Too many var...
by Ted Valentine
Thu Aug 01, 2013 3:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I Roll My Trad IRA?
Replies: 3
Views: 248

Re: Transfer IRAs from American Funds to Vanguard?

I did what you want to do for me and my wife 6 years ago. You can do it all online and it happens automatically. Just pull the trigger and don't look back. You cannot combine the accounts into a single account, but there is nothing to stop you from investing as if they were "combined". For...
by Ted Valentine
Wed Jul 31, 2013 4:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: Transfer IRAs from American Funds to Vanguard?
Replies: 6
Views: 520

Re: Age 24: Starting my 401k

My advice is don't over think it and don't be too aggressive. The next 10 years your savings rate will be your largest source of growth, not your allocation. There are no magic bullets. Remember the greatest enemy of a great plan is the dream of a perfect plan.
by Ted Valentine
Tue Jul 30, 2013 9:38 am
 
Forum: Investing - Help with Personal Investments
Topic: Age 24: Starting my 401k
Replies: 16
Views: 1895

Re: Best way to sell deceased parents' "stuff"

I kept the coffee cups because whenever one of the us showed up, she offered coffee and we sat and talked, so they are a good reminder of her. Once I came back with my two, there was a steady stream of my brothers heading over for just that item. I generally use them on weekends, and keep using one...
by Ted Valentine
Tue Jul 30, 2013 9:23 am
 
Forum: Personal Consumer Issues
Topic: Best way to sell deceased parents' "stuff"
Replies: 27
Views: 3901

Re: Traditional vs. Roth IRA

I think your overall tax rate is pretty high right now. I would probably go with traditional. If you have the cash to pay the taxes with no other needs, then it wouldn't be the worst decision convert it to a roth. Still I'd probably use that cash to pay down debt first, rather than taxes I don't nee...
by Ted Valentine
Tue Jul 30, 2013 9:02 am
 
Forum: Investing - Help with Personal Investments
Topic: Traditional vs. Roth IRA
Replies: 25
Views: 1689

Re: What is my financial advisor doing?

Is there a name for this type of investing? Is it a hedge fund? The way it was explained to me is that he buys large of amounts of certain stocks and puts different amounts into different people's accounts based on their portfolio value, risk tolerance, etc. Thoughts? First, for the underlined part...
by Ted Valentine
Mon Jul 29, 2013 1:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: What is my financial advisor doing?
Replies: 49
Views: 3620

Re: Falling behind the age / salary curve?

You sound like me but a few years down the road. I am in engineering and have a relatively stress free job. I have changed employers twice and those are the only times I ever got anything more than a 3% base increase. Nobody pays for loyalty. I have a family and small children. I value fewer work ho...
by Ted Valentine
Fri Jul 26, 2013 1:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Falling behind the age / salary curve?
Replies: 31
Views: 3791

Re: If I had retirement accounts to asset allocate over agai

Certainly methods like this have been back-tested. If it paid off, I would think a strategy such as this would be widely touted. Another thought. Doesn't regular investing a certain percentage of wages over time according to a set asset allocation, which is how the vast majority save for retirement,...
by Ted Valentine
Thu Jul 25, 2013 12:54 pm
 
Forum: Investing - Theory, News & General
Topic: If I had retirement accounts to asset allocate over again
Replies: 7
Views: 1355

Re: Google Chromecast Streaming HDMI Media Player

Price is $62.99 on Amazon right now. What happened? Supply and demand. I just refreshed the page and its now $89.99. Am I live blogging the Chromecast bubble? Those are basically resellers selling their recently bought $35 purchase at a profit. if you can wait, the big sellers (Amazon, Best Buy, an...
by Ted Valentine
Thu Jul 25, 2013 12:40 pm
 
Forum: Personal Consumer Issues
Topic: Google Chromecast Streaming HDMI Media Player
Replies: 75
Views: 8310

Re: Google Chromecast Streaming HDMI Media Player

Sidney wrote:
Ted Valentine wrote:Price is $62.99 on Amazon right now. What happened?

Supply and demand.


I just refreshed the page and its now $89.99. Am I live blogging the Chromecast bubble?
by Ted Valentine
Thu Jul 25, 2013 12:31 pm
 
Forum: Personal Consumer Issues
Topic: Google Chromecast Streaming HDMI Media Player
Replies: 75
Views: 8310

Re: Google Chromecast Streaming HDMI Media Player

Price is $62.99 on Amazon right now. What happened?
by Ted Valentine
Thu Jul 25, 2013 12:23 pm
 
Forum: Personal Consumer Issues
Topic: Google Chromecast Streaming HDMI Media Player
Replies: 75
Views: 8310

Re: Home Visit for Life Insurance Medical Exam

They will also take your height and weight and measure your waist and chest. Probably ask a bunch of medical history questions.
by Ted Valentine
Wed Jul 24, 2013 11:42 am
 
Forum: Personal Finance (Not Investing)
Topic: Home Visit for Life Insurance Medical Exam
Replies: 10
Views: 2173

Re: 30y - on track for retirement?

Your assumption seems reasonable based on the past, but nobody knows the future. You will know more in 10 years. Hate to say it, but you can work longer if you have to. The good news for you is it appears you are very good at saving and living on a tight budget based on information provided.
by Ted Valentine
Tue Jul 23, 2013 10:30 am
 
Forum: Personal Finance (Not Investing)
Topic: 30y - on track for retirement?
Replies: 9
Views: 1110

Re: Change in Company Expense procedure

If your credit is already good then this is nothing to be concerned with. I wouldn't go quite that far. The OP's question was regarding his credit score and that is what I was referring to. Utilizing all of his available credit and paying it monthly is not going to affect his credit score in a way ...
by Ted Valentine
Tue Jul 23, 2013 10:21 am
 
Forum: Personal Finance (Not Investing)
Topic: Change in Company Expense procedure
Replies: 22
Views: 1206

Re: Take the Pension Fund Candy or Wait

Roll it out to an IRA. VTSAX is a safer place to hold it than a Fortune 500 company over that period of time, and has a higher expected return than the pension. I wouldn't recommend putting it all into VTSAX, but rather just incorporate it into one's normal asset allocation. Agree. My point was all...
by Ted Valentine
Tue Jul 23, 2013 10:16 am
 
Forum: Investing - Help with Personal Investments
Topic: Take the Pension Fund Candy or Wait
Replies: 27
Views: 2682

Re: Rental Car problem

We have since settled the matter with Hertz in exchange for no further complaints.


I am interested in this process and exactly what you received. How did you address your problem after the fact and what satisfaction were you given?
by Ted Valentine
Tue Jul 23, 2013 9:53 am
 
Forum: Personal Consumer Issues
Topic: Rental Car problem
Replies: 13
Views: 1391

Re: Change in Company Expense procedure

Assuming you pay it off every month it will probably raise your score. If your credit is already good then this is nothing to be concerned with.
by Ted Valentine
Mon Jul 22, 2013 11:22 am
 
Forum: Personal Finance (Not Investing)
Topic: Change in Company Expense procedure
Replies: 22
Views: 1206

Re: Take the Pension Fund Candy or Wait

Roll it out to an IRA. VTSAX is a safer place to hold it than a Fortune 500 company over that period of time, and has a higher expected return than the pension.
by Ted Valentine
Mon Jul 22, 2013 11:16 am
 
Forum: Investing - Help with Personal Investments
Topic: Take the Pension Fund Candy or Wait
Replies: 27
Views: 2682

Re: How many fundraisers are your kids ask to participate in

Question: Do mandatory school supply lists that are 90% "community items" count for this purpose?
by Ted Valentine
Thu Jul 18, 2013 1:30 pm
 
Forum: Personal Consumer Issues
Topic: How many fundraisers are your kids ask to participate in?
Replies: 12
Views: 623

Re: Roth IRA Question

I would not pick those funds if I were you. I would choose VTSAX and VTIAX. JVN83 - I believe Ted is suggesting you use the Admiral shares of the same funds. They have lower expense ratios thereby leaving more return for the investor (in this case, you ). They have higher minimum initial purchases ...
by Ted Valentine
Thu Jul 18, 2013 1:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: Roth IRA Question
Replies: 5
Views: 313

Re: Can we afford private school?

Looks like you can afford to do just about whatever you want. Congrats.
by Ted Valentine
Thu Jul 18, 2013 1:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can we afford private school?
Replies: 87
Views: 7359

Re: Roth IRA Question

I would not pick those funds if I were you. I would choose VTSAX and VTIAX.
by Ted Valentine
Thu Jul 18, 2013 12:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: Roth IRA Question
Replies: 5
Views: 313

Re: Help: Want to undo an actively managed fund IRA purchase

FYI, I think the lowest minimum initial investment at Vanguard is $1000 per fund on select funds. The details you can read here: https://personal.vanguard.com/us/whatweoffer/mutualfundinvesting/accounts . It is very easy to open an account online at Vanguard.com and have it transferred automatically...
by Ted Valentine
Thu Jul 18, 2013 12:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help: Want to undo an actively managed fund IRA purchase
Replies: 6
Views: 463

Re: Selling your used car online

Craigslist. I sold a 1999 Subaru on craigslist last month. It took about 5 weeks. Make sure your ad is clear about the basic facts and has good pictures. Clean the car up. Price it based on Bluebook. I started mine at the top of the private party value and wasn't getting calls. I changed my ad weekl...
by Ted Valentine
Thu Jul 18, 2013 10:27 am
 
Forum: Personal Consumer Issues
Topic: Selling your used car online
Replies: 18
Views: 1603

Re: buy and hold no matter what?

Impressive savings rate. Great job. Why not write into your investing plan: "If the market shoots up 20% or more over a 3 month period, I will take 50% of the gains to cash." I'm not sure if that's the best thing, only you know that. I'm sure you know there is no correct objective answer b...
by Ted Valentine
Tue Jul 16, 2013 11:11 am
 
Forum: Investing - Theory, News & General
Topic: buy and hold no matter what?
Replies: 26
Views: 2326

Re: 501(c)(3) can you require fundraising?

This seems to answer your question: https://en.wikipedia.org/wiki/501(c)_organization#General_compliance_issues a 501(c) organization is subject to tax on ... but not including selling donated merchandise or other business or trade carried on by volunteers, or certain bingo games Also are there not ...
by Ted Valentine
Tue Jul 16, 2013 9:20 am
 
Forum: Personal Finance (Not Investing)
Topic: 501(c)(3) can you require fundraising?
Replies: 13
Views: 930

Re: Young mid-20s, is I-Bonds for Emergency Fund a good idea

Emergency funds need to be easily liquid. So make sure you have other means to access the money before you can run to a bank to cash the bonds. This is one of those issues that there is disagreement on. My view (and that of many others), is that there are a range of "emergencies". These e...
by Ted Valentine
Fri Jul 12, 2013 10:49 am
 
Forum: Investing - Help with Personal Investments
Topic: Young mid-20s, is I-Bonds for Emergency Fund a good idea?
Replies: 12
Views: 1373

Re: Young mid-20s, is I-Bonds for Emergency Fund a good idea

Emergency funds need to be easily liquid. So make sure you have other means to access the money before you can run to a bank to cash the bonds.
by Ted Valentine
Thu Jul 11, 2013 5:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: Young mid-20s, is I-Bonds for Emergency Fund a good idea?
Replies: 12
Views: 1373

Re: How to get over finance envy

Can someone help me with my finance envy over the OP that makes 2x what I do and is younger? :wink:
by Ted Valentine
Wed Jul 10, 2013 2:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to get over finance envy
Replies: 167
Views: 18420

Re: Reducing water flow to sump pump

Its probably illegal to send water from your downspouts to the city's sewer system. You can probably find out for sure on your locality's web site. The reason is this increases the volume of water in their system and causes their system to overflow. When their system overflows this releases raw sewa...
by Ted Valentine
Fri Jul 05, 2013 11:37 am
 
Forum: Personal Consumer Issues
Topic: Reducing water flow to sump pump
Replies: 31
Views: 3059

Re: At what age did your health start to limit your hobbies?

Count me among the "hasn't happened yet" category. What I'm amazed by is how many people (not those posting in this thread) voluntarily choose poor health at an early age, thereby setting the stage for a very physically limited later life. We all know people who hit their 30s and complain...
by Ted Valentine
Fri Jul 05, 2013 11:24 am
 
Forum: Personal Consumer Issues
Topic: At what age did your health start to limit your hobbies?
Replies: 95
Views: 8276
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