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Re: Financing the Purchase of Land

We haven't looked into it at all, but I figured it would be similar to a rent-to-own (lease-to-own) arrangement. It came up because one of the owners (the one we're friendly with) always complains about property taxes. We think the only reason he'd sell the land in the near future would be to rid hi...
by almeida
Mon Apr 14, 2014 2:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Financing the Purchase of Land
Replies: 6
Views: 631

Financing the Purchase of Land

Hi. There are a few empty lots adjacent to my house. There's already at least one buildable lot and, depending on how the individual pieces are combined and/or split, possibly space for two, maybe three, buildable lots in total. We'd like to keep the lots empty for a variety of reason. All of the lo...
by almeida
Mon Apr 14, 2014 9:44 am
 
Forum: Personal Finance (Not Investing)
Topic: Financing the Purchase of Land
Replies: 6
Views: 631

Re: 1099 for I-Bonds

Thanks guys. My account says I have no taxable transactions. Is accrual method vs. cash method an option at purchase time or something I decide at tax time? If I go through the purchase process now, I don't see any tax options, but maybe I picked it for the first bond and it stuck for the second and...
by almeida
Tue Jan 28, 2014 9:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: 1099 for I-Bonds
Replies: 12
Views: 705

1099 for I-Bonds

Hello. I bought I Bonds for the first time this past year. I just received an email from TreasuryDirect about a 1099. They told me to check my Investor InBox for important tax information, so I did, but I don't see any forms. The purchases were in June, September, December, so they are all under a y...
by almeida
Tue Jan 28, 2014 8:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: 1099 for I-Bonds
Replies: 12
Views: 705

Re: [Help with managing] Escrow

After a few phone calls and a couple written requests, the bank let me out of escrow. The process was a little bumpy because they notified me that my escrow was cancelled after I had already sent a payment that included an amount for escrow. I had to file another written request to get that amount r...
by almeida
Tue Dec 31, 2013 11:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: [Help with managing] Escrow
Replies: 7
Views: 759

Re: New Roth IRA - ShareBuilder - How To Invest?

Sharebuilder charges a fee to get out, but there is a loophole. If you open an IRA at Capital One 360, you can transfer from Sharebuilder to Capital One 360 for free. From there, you can transfer fee-free to someplace like Vanguard. Basically, Sharebuilder to Vanguard incurs a fee, but Sharebuilder ...
by almeida
Tue Dec 31, 2013 11:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: New Roth IRA - ShareBuilder - How To Invest?
Replies: 11
Views: 1218

Re: [Help with managing] Escrow

My loan was transferred from the bank to a servicing company in May, which is the time that the servicing company usually does a yearly escrow analysis. Because the loan had just been transferred, it was put on hold for some period of time. Because it was on hold, the analysis was not done. Because ...
by almeida
Tue Sep 03, 2013 9:16 am
 
Forum: Personal Finance (Not Investing)
Topic: [Help with managing] Escrow
Replies: 7
Views: 759

Re: [Help with managing] Escrow

My most recent mortgage statement came electronically on August 30 for the payment that's due October 1. It still shows the original total due with no mention of requiring larger escrow payments. In May, I received by mail a summary of escrow activity. It shows the new tax amount, but not the new in...
by almeida
Mon Sep 02, 2013 2:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: [Help with managing] Escrow
Replies: 7
Views: 759

[Help with managing] Escrow

My mortgage has an escrow account attached to it. My taxes and homeowners insurance both went up this year (surprise, surprise). I learned about the increases months ago when the tax bills went out and I assume the bank has known for a while too. I have been waiting for some kind of notice from the ...
by almeida
Sat Aug 31, 2013 3:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: [Help with managing] Escrow
Replies: 7
Views: 759

Re: Medallion Signature Guarantee

Regardless, I called VG, and they said that this was not their requirement but instead a requirement of the transferring institutions because they do not participate in ACATS (Options House and Sharebuilder, for the record). If you have a Capital One 360 (formerly ING Direct) account, transfer the ...
by almeida
Mon Aug 26, 2013 9:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: Medallion Signature Guarantee
Replies: 28
Views: 2445

Re: What to do with shares in ESPP?

Isn't the discount always counted as income? I thought the duration you hold only affects capital gains. Can someone clarify?
by almeida
Fri Aug 23, 2013 7:12 am
 
Forum: Investing - Help with Personal Investments
Topic: What to do with shares in ESPP?
Replies: 10
Views: 1112

Re: Asset allocation between spouses - together vs separate

Duplication and overlap are fine as long as they are consistent with your assest allocation. For example, our asset allocation has 20% bonds. Both of us own Vanguards's total bond fund and the total of each of our shares adds up to 20%. Individually, her share of bonds makes up 30% of her portfolio ...
by almeida
Sun Jul 28, 2013 8:12 am
 
Forum: Investing - Help with Personal Investments
Topic: Asset allocation between spouses - together vs separate
Replies: 13
Views: 1044

Re: Average College Tuition fees paid

I disagree. I think it's going to be a lot cheaper in the future, with sensible and affordable options. The education bubble is going to burst and the brick and mortar will soon be history. You can earn a degree from the London School of Economics on a school bus driver's salary. This is one of the...
by almeida
Mon Jul 22, 2013 10:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: Average College Tuition fees paid
Replies: 23
Views: 18714

Re: Free books for kindle?

Some libraries have ebook lending. I have borrowed a couple books for my Kindle from the Boston Public Library. I think you get a week or two to read the book before ot expires. Check with your local library.
by almeida
Fri Jul 19, 2013 7:55 pm
 
Forum: Personal Consumer Issues
Topic: Free books for kindle?
Replies: 17
Views: 1958

Re: Where to Put Money Set Aside for Kids

Thanks for all the suggestions. I'm going to look into EE bonds and some of Vanguard's target funds for now. I think that's a reasonable start to increase the earnings compared to a traditional savings account. I'll also keep UTMAs and Roth IRAs in mind for the future. Thanks again.
by almeida
Tue Apr 30, 2013 10:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: Where to Put Money Set Aside for Kids
Replies: 18
Views: 1913

Re: Where to Put Money Set Aside for Kids

I think we have enough in our emergency fund, even without counting this money. The nine month figure doesn't count unemployment, disability, available credit on our credit cards, scaling back our lifestyle, etc. It's a really conservative estimate and it's still more than what most people suggest f...
by almeida
Sat Apr 20, 2013 7:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: Where to Put Money Set Aside for Kids
Replies: 18
Views: 1913

Where to Put Money Set Aside for Kids

Hi. This forum has helped me get my tax-advantaged retirement assets in order. Now, I'm looking for advice on where to put money that my wife and I are setting aside for our kids. Every month, we put a little bit into savings accounts for our kids. The accounts are in our name and we don't plan to e...
by almeida
Sat Apr 20, 2013 1:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: Where to Put Money Set Aside for Kids
Replies: 18
Views: 1913

Re: New fee schedule at HSA bank

Did you miss this part of the article? Some restrictions may apply to 401(k) in-service withdrawals. Generally, 401(k) in-service withdrawals are only available to participants who have reached age 59 Ā½. No, I didn't miss that. "Generally" leaves a lot of wiggle room. There are lots of re...
by almeida
Fri Nov 23, 2012 5:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: New fee schedule at HSA bank
Replies: 50
Views: 7808

Re: New fee schedule at HSA bank

That's not accurate. Employee elective deferrals and designated Roth contributions can't be distributed from a qualified plan before 59-1/2 without a qualifying event, such as separation from service, dissolution of the plan, or approved hardship. The last of those is not eligible for rollover into...
by almeida
Fri Nov 23, 2012 4:51 am
 
Forum: Investing - Help with Personal Investments
Topic: New fee schedule at HSA bank
Replies: 50
Views: 7808

Re: New fee schedule at HSA bank

MoneyOCD wrote:Difference between HSA and 401k is huge: you can not move money out of 401k while still employed but can do that for HSA.


That's not totally true: the IRS permits in-service rollovers for everyone, but it seems many (most?) employers only allow it for people over 59.5.
by almeida
Thu Nov 22, 2012 3:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: New fee schedule at HSA bank
Replies: 50
Views: 7808

Re: I'm Finally Bogling!

Thanks for the responses. I went with the Schwab's S&P 500 in my 401(k). I don't think we have a self-directed option, but I will check. My HSA does has investment options, but they don't look very good. The fund with the lowest expense ratio is the MainStay S&P 500 Index A (MSXAX) at a whop...
by almeida
Sat Oct 20, 2012 7:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: I'm Finally Bogling!
Replies: 7
Views: 1242

I'm Finally Bogling!

Hello again everyone. It took a lot of paperwork and a lot of waiting, but I've finally consolidated my retirement accounts. I think you'll find a much more sane portfolio since I last posted . Emergency funds: Nine months. Debt: Mortgage: 30-year, fixed-rate mortgage at 3.75%, but we're paying extr...
by almeida
Wed Oct 17, 2012 8:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: I'm Finally Bogling!
Replies: 7
Views: 1242

Re: Looking to switch to online checking- ING or Fidelity?

I've had ING DIRECT for seven years now and have been a happy customer for most of that time. In the last few years though, their interest rates have stayed flat and they were really slow to roll out online check cashing. They also have limits on the number of accounts you can have. For example, the...
by almeida
Fri Sep 28, 2012 11:43 am
 
Forum: Personal Finance (Not Investing)
Topic: Looking to switch to online checking- ING or Fidelity?
Replies: 37
Views: 4271

Re: List of investment info for my wife should I kick the bu

Good suggestions. I have been thinking about this myself recently. I found this handy financial inventory form at Vanguard. http://vanguard.com/pdf/amspfi.pdf
by almeida
Fri Sep 28, 2012 7:15 am
 
Forum: Personal Finance (Not Investing)
Topic: List of investment info for my wife should I kick the bucket
Replies: 46
Views: 3469

Re: Fixing a Previous IRA Contribution

Thanks, Kevin. We'll file the old 8606 and not worry about it anymore.
by almeida
Tue Sep 18, 2012 9:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Fixing a Previous IRA Contribution
Replies: 11
Views: 635

Re: Fixing a Previous IRA Contribution

She's a stay-at-home mom now so she doesn't have a current 401(k) plan. If she did, we'd roll into that, convert the non-deductible piece to a Roth, and call it a day, but no such luck at this time I guess. There was only $196.04 in earnings in the IRA. Thanks for putting my mind at ease that this i...
by almeida
Mon Sep 17, 2012 9:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Fixing a Previous IRA Contribution
Replies: 11
Views: 635

Re: Fixing a Previous IRA Contribution

I guess that's part of my question here: does it matter? I can file 8606 and satisfying the IRS requirement. That part easy. But, will having a mixed traditional IRA make a difference in the future? Will it prevent or complicate backdoor Roth contributions, for example? If I can do a a little fixing...
by almeida
Mon Sep 17, 2012 3:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Fixing a Previous IRA Contribution
Replies: 11
Views: 635

Re: Fixing a Previous IRA Contribution

If I understand correctly, and assuming her old 401(k) allows the roll in, our steps would be: 1. Roll in $7,196.04 ($12,196.04 value - $5,000 basis) to the 401(k) in tax year 2012. 2. Convert remaining $5,000 to Roth IRA in tax year 2012. 3. Roll out $7,196.04 to traditional IRA in tax year 2013. A...
by almeida
Mon Sep 17, 2012 3:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Fixing a Previous IRA Contribution
Replies: 11
Views: 635

Re: Fixing a Previous IRA Contribution

Thanks for the reply. We did not take a deduction for her contribution. Is it possible to fix this by moving the deductible portion of her traditional IRA to her old 401(k), leaving the basis behind in the traditional IRA, and then converting the leftover in the traditional IRA to a Roth IRA? Pub 59...
by almeida
Mon Sep 17, 2012 1:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Fixing a Previous IRA Contribution
Replies: 11
Views: 635

Fixing a Previous IRA Contribution

Hi everyone. While reviewing my portfolio recently , I noticed a mistake in our IRAs. In 2010, my wife and I filed jointly and were not eligible for the traditional IRA deduction. I contributed to a Roth IRA, but she accidentally contributed to a traditional IRA. I've read a little about this and kn...
by almeida
Mon Sep 17, 2012 2:50 am
 
Forum: Personal Finance (Not Investing)
Topic: Fixing a Previous IRA Contribution
Replies: 11
Views: 635

Re: Help Me Be a Boglehead!

Thanks for all the help, kind words, and encouragement! So I've ditched the Roth IRA contributions; opened rollover, Roth, and traditional IRA accounts at Vanguard; got one 401(k) rollover in motion and paperwork for another ready to go; and liquidated the funds at ShareBuilder in preparation for tr...
by almeida
Mon Sep 10, 2012 10:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help Me Be a Boglehead!
Replies: 22
Views: 2141

Re: Another post about CD Rates

Even though you've already decided to stick with Discover, I wanted to add a note about my experience with Ally. I recently moved some money, including some maturing CDs, to Ally because of (slightly) better rates. It's true that the difference amounted to peanuts, but I figured the hassle was low s...
by almeida
Sun Sep 09, 2012 8:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: Another post about CD Rates
Replies: 15
Views: 2635

Re: Help Me Be a Boglehead!

I assumed that because the thread I linked to was sticky that the advice really was the general rule. Lesson learned. Okay, so I'll skip the Roth 401(k). pkcrafter, my current 401(k) allows me to rollover other 401(k)s or IRAs at any time, but the company does not offer in-service rollovers, so anyt...
by almeida
Sun Sep 09, 2012 2:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help Me Be a Boglehead!
Replies: 22
Views: 2141

Re: Help Me Be a Boglehead!

Thanks for the responses, everyone. So it looks like this is my short-term plan, based mostly on YDNAL's suggestions: 1. Switch my new 401(k) contributions from Roth to traditional. Both letsgobobby and YDNAL suggest I'm making a mistake with the Roth 401(k), but I'm not sure I understand why. The g...
by almeida
Sun Sep 09, 2012 11:44 am
 
Forum: Investing - Help with Personal Investments
Topic: Help Me Be a Boglehead!
Replies: 22
Views: 2141

Help Me Be a Boglehead!

Hello everyone. I found this site a few days ago while searching for information about HSAs. HSAs led me to general investing advice and I read through some of the wiki pages, got excited, read through more wiki pages, got more excited, but also a little confused, but still mostly excited. With your...
by almeida
Sat Sep 08, 2012 10:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help Me Be a Boglehead!
Replies: 22
Views: 2141

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