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Re: Help with a property sale decision

I am a banker in Texas, and I've also done some seller-financed property loans like the one you are talking about so I have a little bit of experience with these types of arrangements. They are not uncommon and can actually be a really great deal for the buyer and seller alike. Usually the buyer of...
by Van-Guard23
Wed Sep 24, 2014 1:53 am
 
Forum: Personal Finance (Not Investing)
Topic: Help with a property sale decision
Replies: 7
Views: 703

Re: Help with a property sale decision

Banks are an expert on two things: 1) Determining who is credit worthy to loan money to 2) Collecting money from debtors that can pay but won't Your friends are neither of these things. If the business owner is not able to convince a bank to give him a loan, that should be a ginormous red flag that...
by Van-Guard23
Tue Sep 23, 2014 2:07 am
 
Forum: Personal Finance (Not Investing)
Topic: Help with a property sale decision
Replies: 7
Views: 703

Help with a property sale decision

I am posting for a friend of mine who, together with his sister, inherited a property in TX after their mom died just over 3 months ago (he lives in HI and his sister lives in CA). They are are looking to sell this property which is currently being rented out to a business which pays rent on the pro...
by Van-Guard23
Mon Sep 22, 2014 3:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help with a property sale decision
Replies: 7
Views: 703

Re: TSP Questions: (ROTH or Traditional)?

http://myarmybenefits.us.army.mil/Home/Benefit_Library/Federal_Benefits_Page/Thrift_Savings_Plan_(TSP).html?serv=150 Hi, my brother is currently an officer and will be stationed in Hawaii soon. His starting salary will be a little over $50,000 and basically knows nothing about investing/saving for ...
by Van-Guard23
Fri Jul 25, 2014 6:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: TSP Questions: (ROTH or Traditional)?
Replies: 11
Views: 1400

Re: Who do you talk with about your financial goals?

Besides your spouse who do you talk to about your financial goals, even in the abstract? When you achieve a goal and something good happens do you have anyone you feel you can share that with? Just my wife...and she is really just interested in the big picture so I share our net worth with her on a...
by Van-Guard23
Sun Jun 29, 2014 11:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Who do you talk with about your financial goals?
Replies: 158
Views: 9492

Re: How many Bogleheads golf?

I try to play and hit the driving range once or twice a week. Mainly play the courses on military bases with the occasional municipal course here on Oahu...costs from $34 to $50 with cart. I have been playing off and on for a few years but just started playing more often the past few months after re...
by Van-Guard23
Sun Jun 29, 2014 10:39 pm
 
Forum: Personal Consumer Issues
Topic: How many Bogleheads golf?
Replies: 81
Views: 4605

Re: Advice requested - Cashing out whole life insurance poli

Just wanted to provide an update...it took a while but I was able to secure a reasonable 20-year term life insurance with $500K coverage for just $64.50 a month (didn't get the preferred rate due to some medical issues but still much lower than what USAA quoted). I have since submitted my paperwork ...
by Van-Guard23
Mon Jun 23, 2014 5:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Advice requested - Cashing out whole life insurance policy
Replies: 40
Views: 2304

Re: Military [Survivor Benefit Plan] and Other Mistakes

Dear Bogleheads, Several co-workers and myself are retiring from the military this year. Naturally, topics such as next careers, locations, etc. come up in conversation. Recently, I realized one of my friends who is married with kids is planning to forgo the survivor benefit plan that is offered by...
by Van-Guard23
Sun Jun 22, 2014 8:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Military [Survivor Benefit Plan] and Other Mistakes
Replies: 22
Views: 1374

Re: Reasons to go with a local vs national mortgage lender?

However, a couple of months down the road, the loan was sold back to Wells Fargo...and they couldn't or wouldn't match the lower rate to begin with. I would've thought they would rather do the refi in-house and match the rate offered by other companies but they opted to just "buy" the loa...
by Van-Guard23
Sat Jun 21, 2014 11:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Reasons to go with a local vs national mortgage lender?
Replies: 24
Views: 1123

Re: Reasons to go with a local vs national mortgage lender?

My experiences are that the local lender cost me money. We used a mortgage broker after shopping around for our first loan. Later when internet loans came out, she was going to cost us a few thousand dollars more to refinance and would not budge. My advice is to shop around and don't believe what a...
by Van-Guard23
Sat Jun 21, 2014 8:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Reasons to go with a local vs national mortgage lender?
Replies: 24
Views: 1123

Re: Youtude videos on economics for my son to watch

One the best PBS documentary series I have seen is "Commanding Heights": http://www.pbs.org/wgbh/commandingheights/hi/story/
This 3-part series explores the ongoing battle of economic theories between Keynes and von Hayek, which continues to shape the world's economies.
by Van-Guard23
Fri May 23, 2014 11:45 pm
 
Forum: Personal Consumer Issues
Topic: Youtude videos on economics for my son to watch
Replies: 11
Views: 802

Re: Joint or Separate Accounts? - Married Couples

My wife and I basically have similar salaries when we got married and pretty much remained that way (maybe I was making slightly more). Once we "merged" our finances when we got married, we both maintained our own savings and checking accounts but set up direct deposit into joint checking ...
by Van-Guard23
Fri Mar 07, 2014 10:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Joint or Separate Accounts? - Married Couples
Replies: 82
Views: 3948

Re: Indoor Plants - Recommendations?

If you want low maintenance, good looking indoor plant, you can't do better than a ZZ Plant ( Scientific name: Zamioculcas zamiifolia). You only have to water it once a month and the only way to kill it would be to overwater it.
by Van-Guard23
Sun Mar 02, 2014 11:48 pm
 
Forum: Personal Consumer Issues
Topic: Indoor Plants - Recommendations?
Replies: 21
Views: 1998

Re: Vanguard Total International Stock vs Dodge & Cox Int'l

I have my Roth IRAs split between VTIAX and DODFX...and have also noticed VTIAX underperforming DODFX the past few years. I intend to keep both moving forward. Incidentally, I also have DODGX and VTSAX in my taxable accounts. I've had DODGX for a while and cashing out now would incur substantial cap...
by Van-Guard23
Sun Mar 02, 2014 1:08 am
 
Forum: Investing - Theory, News & General
Topic: Vanguard Total International Stock vs Dodge & Cox Int'l
Replies: 23
Views: 2846

Re: POLL: Do you do you own taxes?

I have done my taxes ever since I was an Army 1st Lieutenant, after being "voluntold" to go thru training and work at the post VITA site during the tax season...that was 17 years ago. For the past 6 or 7 years, I have used the free H&R Block Basic software available thru http://www.mil...
by Van-Guard23
Wed Feb 12, 2014 8:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: Do you do your own taxes?
Replies: 54
Views: 3314

Re: Another option for Excess contributions to 2013 Roth IRA

Excellent...thanks again. I should be able to proceed with my 2013 tax return, then hold it for a couple of months before I file in April since I am paying the IRS this year.

Yes, I'm fairly certain that we would not hit the phaseout range for 2014, so I should be able to avoid that rigmarole.
by Van-Guard23
Mon Feb 10, 2014 11:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Another option for Excess contributions to 2013 Roth IRA?
Replies: 4
Views: 316

Re: Another option for Excess contributions to 2013 Roth IRA

Option 4 is actually Option 2, but instead of sending the corrective distribution to you, VG will deposit it back into the Roth as your 2014 contribution. You still will get a 1099R reporting the excess contribution distribution with tax and penalty on the earnings, but no 6% penalty. Note that the...
by Van-Guard23
Mon Feb 10, 2014 11:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Another option for Excess contributions to 2013 Roth IRA?
Replies: 4
Views: 316

Another option for Excess contributions to 2013 Roth IRA?

I just did my “preliminary” tax computations and found out that our combined modified AGI falls between $178,000 and $188,000 (married filing jointly) which reduced the amount we can contribute towards our Roth IRA, from combined $11,000 to just $7,180. I have read multiple postings on this topic by...
by Van-Guard23
Mon Feb 10, 2014 9:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Another option for Excess contributions to 2013 Roth IRA?
Replies: 4
Views: 316

Re: iPhone Case

I bought an Otterbox case for my iPhone5 and my wife bought a Lifeproof case for her iPhone 4s...no complaints with either. However, I have opted for a Mophie juicepack to replace my Otterbox case as the battery runs down pretty quickly on an iPhone especially if you do a lot of Facetime or use GPS ...
by Van-Guard23
Sun Feb 09, 2014 11:36 pm
 
Forum: Personal Consumer Issues
Topic: iPhone Case
Replies: 38
Views: 2420

Re: London itinerary assistance

You can see the Rosetta stone, Elgin Marbles, and Egyptian mummies in 60-90 minutes if you don't dillydally and aren't into reading every little detail about every exhibit piece. Yes, you can also spend an entire day doing the same... or an entire week. YMMV depending on how into it you are. The RS...
by Van-Guard23
Tue Jan 21, 2014 11:52 pm
 
Forum: Personal Consumer Issues
Topic: London itinerary assistance
Replies: 28
Views: 1343

Re: London itinerary assistance

I have posted before on London and I am not going to repeat it all. But the best walk in London is from opposite Tower Hill station (ie south bank) up to Westminster Bridge, taking in Southwark Cathedral, Shakespeare's Globe Theatre, the Tate Modern (just stick your head in and see the Turbine Hall...
by Van-Guard23
Tue Jan 21, 2014 12:14 am
 
Forum: Personal Consumer Issues
Topic: London itinerary assistance
Replies: 28
Views: 1343

Re: London itinerary assistance

If you're planning to do Windsor first thing in the morning and will take public transport, a weekend would be preferable since you'll avoid "rush hour" and the premium tube fare for peak travel before 9:30a... as well as for the train (anything before 9:20a). However, I've done it early ...
by Van-Guard23
Mon Jan 20, 2014 3:40 am
 
Forum: Personal Consumer Issues
Topic: London itinerary assistance
Replies: 28
Views: 1343

Re: London itinerary assistance

We had a week in London, and also did the Windsor/Stonehenge/Bath tour (highly recommend it). For a day and a half, I would buy the hop on/hop off bus pass and ride the routes. Places I would definitely get off the bus and tour would be St. Paul's, Tower of London, Westminster Abbey. The "Lond...
by Van-Guard23
Mon Jan 20, 2014 3:36 am
 
Forum: Personal Consumer Issues
Topic: London itinerary assistance
Replies: 28
Views: 1343

Re: London itinerary assistance

I have done the Windsor, Bath, and Stonehenge Tour and heartily recommend it. Your time at each place will be limited. You will be in Windsor 3-4 hours, 2 hours in Bath, and probably an hour at Stonehenge. A little over four hours will be on the road. I took mine on a Saturday. Sunday was a good da...
by Van-Guard23
Mon Jan 20, 2014 3:31 am
 
Forum: Personal Consumer Issues
Topic: London itinerary assistance
Replies: 28
Views: 1343

Re: London itinerary assistance

I don't think it matters too much which day you do which. The one thing that I would say is that if you want to catch a play or musical, check on which night the ones of interest are dark; Sun or Mon nights are common off nights. One other minor point, presuming you are taking a bus tour for Stoneh...
by Van-Guard23
Mon Jan 20, 2014 3:16 am
 
Forum: Personal Consumer Issues
Topic: London itinerary assistance
Replies: 28
Views: 1343

London itinerary assistance

My wife and I are spending three nights in London before heading off to Paris this spring. We plan on spending 1.5 days exploring London and a day on a trip to Windsor Castle/Stonehenge/City of Bath. I would like to know if it is better to explore London on a weekend (Sunday) and the trip to Windsor...
by Van-Guard23
Sun Jan 19, 2014 11:47 pm
 
Forum: Personal Consumer Issues
Topic: London itinerary assistance
Replies: 28
Views: 1343

Re: Thinning the Herd - what do you do with unwanted DVDs?

You can send them to Soldiers on combat deployments. During my combat deployments to Iraq and Afghanistan, we had makeshift libraries of sorts with donated DVDs and of course books...good way to pass the time.
by Van-Guard23
Fri Jan 17, 2014 2:41 pm
 
Forum: Personal Consumer Issues
Topic: Thinning the Herd - what do you do with unwanted DVDs?
Replies: 69
Views: 4378

Re: 8 hour layover in Honolulu. How to use time.

The one general impression I had was that the SE coast was more scenic than the north and west coasts. I remember having Makaha and Waimea Bay built up in my mind and being let down since the color of the water was not turquoise and the waves were not all that big. The windward side (east coast) of...
by Van-Guard23
Sun Jan 12, 2014 7:38 pm
 
Forum: Personal Consumer Issues
Topic: 8 hour layover in Honolulu. How to use time.
Replies: 51
Views: 4425

Re: 8 hour layover in Honolulu. How to use time.

Good luck finding rivers on Oahu, there aren't any. There is one on Kauai which is post erosional. Not entirely true. There is at least one river, a few streams and gulches here on Oahu. I wouldn't consider them scenic or maybe not even navigable as the Wailua River on Kauai...but Oahu has them non...
by Van-Guard23
Sun Jan 12, 2014 7:02 pm
 
Forum: Personal Consumer Issues
Topic: 8 hour layover in Honolulu. How to use time.
Replies: 51
Views: 4425

Re: 8 hour layover in Honolulu. How to use time.

OP here again. Thanks for the great suggestions. This is helping me quickly brainstorm this, as I knew nothing about Oahu (didn't even know that's the name of the island). My thought is that in the limited time, the thing we really want to experience, albeit briefly, is the natural beauty (mountain...
by Van-Guard23
Sun Jan 12, 2014 5:39 am
 
Forum: Personal Consumer Issues
Topic: 8 hour layover in Honolulu. How to use time.
Replies: 51
Views: 4425

Re: What is your winter thermostat setting (while you are up

I live in Hawaii...so I don't even have a heater in the house :-). I had to respond...couldn't resist it.
by Van-Guard23
Thu Jan 02, 2014 11:59 pm
 
Forum: Personal Consumer Issues
Topic: What is your winter thermostat setting (while you are up)?
Replies: 116
Views: 8887

Re: Please review my retirement plan, any advice is welcome

oleblue, You seem to be in great shape, especially for a 31-year old service member...thanks for your service. I just retired after over 20 years in the Army and both my wife and I (she is still in) have done well, with the plan for her to retire in 2015. As BL wrote, you can put away up to $5,500 f...
by Van-Guard23
Thu Jan 02, 2014 4:12 am
 
Forum: Investing - Help with Personal Investments
Topic: Please review my retirement plan, any advice is welcome
Replies: 11
Views: 1147

Re: Online Saving Bank Account

I transferred money out of my HSBC online Savings Account to Barclays (0.90%) earlier this year...HSBC just wasn't competitive any more. I also have an Ally Online Savings Account (0.85%). I have been pleased with both of them.
by Van-Guard23
Wed Dec 18, 2013 11:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Online Saving Bank Account
Replies: 37
Views: 4099

Re: Leaving the Military-One more move?

Thanks for all the replies. Van-Guard, how can you extend transportation benefits? Just request it I guess? I was thinking I had up to one year to use those benefits after I retire…is is possible that I can extend it beyond a year? Thanks. PH PH, Yes...just request it thru your Transpo Office. They...
by Van-Guard23
Sun Dec 15, 2013 12:32 am
 
Forum: Personal Finance (Not Investing)
Topic: Leaving the Military-One more move?
Replies: 15
Views: 1350

Re: Leaving the Military-One more move?

Leaving the military in about 10 months and thinking about moving one last time to the city my wife and I want to live in. It sounds to me like you guys have someplace you WANT to live, but are "afraid" (for lack of a better term) to give up a comfortable known. Personally, I would move i...
by Van-Guard23
Sat Dec 14, 2013 10:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: Leaving the Military-One more move?
Replies: 15
Views: 1350

Re: Military career and investing Q's

Hi, I have a family member who is 23 years old and is going to be an officer in the military. How can he best start making retirement decisions? I know he should definitely be contributing to the TSP, but can anyone (maybe with personal experience?) advise on the specifics? If curious, here is a pa...
by Van-Guard23
Sat Dec 14, 2013 10:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: Military career and investing Q's
Replies: 5
Views: 468

Re: who here is tempted to pullback on stocks?

My IPS schedules our rebalancing for January of every year...but I am almost at the "losing sleep" point so my wife and I decided to execute a no cost inter-fund transfer for our TSP, from L2030 to the G Fund. This is close to 30% of our portfolio, bringing our fixed income (to include CD...
by Van-Guard23
Thu Nov 21, 2013 10:14 pm
 
Forum: Investing - Theory, News & General
Topic: who here is tempted to pullback on stocks?
Replies: 104
Views: 8328

Re: who here is tempted to pullback on stocks?

My IPS schedules our rebalancing for January of every year...but I am almost at the "losing sleep" point so my wife and I decided to execute a no cost inter-fund transfer for our TSP, from L2030 to the G Fund. This is close to 30% of our portfolio, bringing our fixed income (to include CDs...
by Van-Guard23
Thu Nov 21, 2013 4:25 am
 
Forum: Investing - Theory, News & General
Topic: who here is tempted to pullback on stocks?
Replies: 104
Views: 8328

Re: Getting 16 yr old started in investing

I have a 16 yr old niece, and would like to find a way to encourage her to get interested in investing. Yeah, good luck with that. I encouraged my stepdaughter to save...but it wasn't until she had earned income at age 18, and I helped her open and contribute to her own Roth IRA, did she learn to a...
by Van-Guard23
Fri Nov 15, 2013 6:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: Getting 16 yr old started in investing
Replies: 21
Views: 963

Re: Online Banking

I have online savings accounts both at Ally (0.85% APY) and Barclays US (0.90% APY)...and also have CDs at Barclays US. Satisfied with both of them thus far, but had some minor issues with Ally when I tried to open a CD with them...so I opened a CD with Barclays with a higher yield. I use http://www...
by Van-Guard23
Thu Nov 14, 2013 4:49 am
 
Forum: Personal Finance (Not Investing)
Topic: Online Banking
Replies: 29
Views: 2670

Re: Share Certificate 3 year PenFed 2.02% apy

Thanks for posting about this. An ad for it popped up on my computer yesterday and I was thinking it was the best rate I've seen for that short a term without a significant catch. I've never banked at PenFed. I have a significant amount of cash just sitting at Barclay earning about .8 so was thinki...
by Van-Guard23
Sat Nov 09, 2013 8:15 pm
 
Forum: Investing - Theory, News & General
Topic: Share Certificate 3 year PenFed 2.02% apy
Replies: 61
Views: 6663

Re: Share Certificate 3 year PenFed 2.02% apy

Thanks...went ahead and opened a 3-year CD as I slowly build my CD ladder. Too bad I pulled the trigger too early on the 4-year CD with an APY of "only" 1.76% with PenFed. Man, thats tough, you lost $2.40 per $1000 a year. :shock: :oops: MKP, I inquired with PenFed (via their website mess...
by Van-Guard23
Tue Nov 05, 2013 8:48 pm
 
Forum: Investing - Theory, News & General
Topic: Share Certificate 3 year PenFed 2.02% apy
Replies: 61
Views: 6663

Re: Army First Lieutenant unwilling to open TSP account

I am very proud of my stepdaughter who graduated from the U.S. Air Force Academy and is currently a U.S. Army First Lieutenant, carrying on the tradition of military service in the family. She is prudent with her finances, an avid saver, maxes her Roth IRA we set up for her while she was still in P...
by Van-Guard23
Tue Nov 05, 2013 8:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Army First Lieutenant unwilling to open TSP account
Replies: 71
Views: 5225

Re: Share Certificate 3 year PenFed 2.02% apy

Thanks...went ahead and opened a 3-year CD as I slowly build my CD ladder. Too bad I pulled the trigger too early on the 4-year CD with an APY of "only" 1.76% with PenFed. Man, thats tough, you lost $2.40 per $1000 a year. :shock: :oops: MKP, I inquired with PenFed (via their website mess...
by Van-Guard23
Sat Nov 02, 2013 5:43 pm
 
Forum: Investing - Theory, News & General
Topic: Share Certificate 3 year PenFed 2.02% apy
Replies: 61
Views: 6663

Re: Share Certificate 3 year PenFed 2.02% apy

Thanks...went ahead and opened a 3-year CD as I slowly build my CD ladder. Too bad I pulled the trigger too early on the 4-year CD with an APY of "only" 1.76% with PenFed.
by Van-Guard23
Sat Nov 02, 2013 4:53 am
 
Forum: Investing - Theory, News & General
Topic: Share Certificate 3 year PenFed 2.02% apy
Replies: 61
Views: 6663

Re: Army First Lieutenant unwilling to open TSP account

One thing that hasn't been mentioned is that if she pursues professional or graduate school right after her service commitment she will have limited GI educational benefits (her service academy time does not count for such benefits) and she will likely have to pay a lot of the freight for a post-gr...
by Van-Guard23
Wed Oct 30, 2013 12:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Army First Lieutenant unwilling to open TSP account
Replies: 71
Views: 5225

Re: Army First Lieutenant unwilling to open TSP account

Beat Army. Van-Guard23, As pointed out, GI educational benefits don't really accrue to service academy graduates until they serve their 5-year military commitment (and might even be extended if you're a pilot or you taken additional training in certain positions, like nuclear submariners). However,...
by Van-Guard23
Wed Oct 30, 2013 12:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Army First Lieutenant unwilling to open TSP account
Replies: 71
Views: 5225

Re: Army First Lieutenant unwilling to open TSP account

One thing that hasn't been mentioned is that if she pursues professional or graduate school right after her service commitment she will have limited GI educational benefits (her service academy time does not count for such benefits) and she will likely have to pay a lot of the freight for a post-gr...
by Van-Guard23
Wed Oct 30, 2013 4:33 am
 
Forum: Personal Finance (Not Investing)
Topic: Army First Lieutenant unwilling to open TSP account
Replies: 71
Views: 5225

Re: Army First Lieutenant unwilling to open TSP account

Ah, now I see the problem. At first I thought you were trying to convince her to invest $1 (or whatever the minimum) in tsp and leave it at that. Much like some of us might have recommended that anyone eligible put $1 into certain tiaa accounts, because there might be some options at tiaa that woul...
by Van-Guard23
Wed Oct 30, 2013 4:26 am
 
Forum: Personal Finance (Not Investing)
Topic: Army First Lieutenant unwilling to open TSP account
Replies: 71
Views: 5225

Re: Army First Lieutenant unwilling to open TSP account

She may have other needs for the money. That said, passing up lifetime access to a TSP account is a really, really, really silly thing to do. If you really care give her $1000 and say - please invest this $1000 in your TSP for this year. Tell her, "you don't need to contribute anything more to...
by Van-Guard23
Wed Oct 30, 2013 4:16 am
 
Forum: Personal Finance (Not Investing)
Topic: Army First Lieutenant unwilling to open TSP account
Replies: 71
Views: 5225
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