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Having a trust prepared, any details I don't need to forget?

My wife and I are having a Trust put together. Our last name is not Buffet or Gates, but we do have a 2 year old daughter and I want to be ahead of the game in our estate planning for her sake. We are using a local attorney who specializes in estate planning and came very highly recommended by peopl...
by cdogg44
Sun Aug 10, 2014 4:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Having a trust prepared, any details I don't need to forget?
Replies: 1
Views: 323

Re: Need advice on whether to sell house or stay put

Financially, I can't say I have enough information to go on. You say you can build the house at cost - and that's fine - but what you don't say is if you built a house to sell to someone else, how much money could you make? I am confused on why this would matter? Since building is your profession, ...
by cdogg44
Mon Jun 09, 2014 7:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Need advice on whether to sell house or stay put
Replies: 19
Views: 954

Re: Need advice on whether to sell house or stay put

I've done this long enough to know that after 7 years of no major repair items on HVAC, plumbing, or appliances put you on borrowed time before something breaks. Then I don't agree that you build good houses. The house I live in is 20 years old, and while we replaced the kitchen appliances when we ...
by cdogg44
Fri Jun 06, 2014 4:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Need advice on whether to sell house or stay put
Replies: 19
Views: 954

Re: Need advice on whether to sell house or stay put

Numbers wise, sure it works. Although, the new mortgage would not be fully deductible. You may be able to deduct part of the interest on the new mortgage. But if you don't get over the standard deduction now, that is likely to be of very little bonus if any. I wouldn't even consider that in the num...
by cdogg44
Fri Jun 06, 2014 3:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Need advice on whether to sell house or stay put
Replies: 19
Views: 954

Re: Need advice on whether to sell house or stay put

For tales of humility, talk to some of your homebuilding peers who lost everything from leveraging during the last go around. Many builders have been able to leverage the situation that you are describing and others have lost it all. Another option based on your description that you own a lot in an...
by cdogg44
Fri Jun 06, 2014 12:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Need advice on whether to sell house or stay put
Replies: 19
Views: 954

Re: Need advice on whether to sell house or stay put

Your LTV doesn't really matter once you aren't paying PMI so a lower LTV is not a reason to move, remember house values can suddenly decrease just like equities can (2008-2009 reminded people of that). Would you invest 100% of the gains into your new house or invest some? How long would you stay at...
by cdogg44
Fri Jun 06, 2014 12:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Need advice on whether to sell house or stay put
Replies: 19
Views: 954

Need advice on whether to sell house or stay put

We are looking for advice or personal experience on selling our house and moving. More specifically, I would love to hear from people who build their own house, live in it for 2-5 years, sell, capture the gains (hopefully), and build again. I am a residential homebuilder and currently live in a hous...
by cdogg44
Fri Jun 06, 2014 11:18 am
 
Forum: Personal Finance (Not Investing)
Topic: Need advice on whether to sell house or stay put
Replies: 19
Views: 954

Re: Extremely basic 401k matching question

You are correct that higher salaries receive more dollar amounts although it is still only 3%. Spreading out contributions over the year isn't something that impacts only high earners. Many companies match by pay period meaning you must contribute each pay period to receive the full annual match. I...
by cdogg44
Mon Feb 10, 2014 12:00 am
 
Forum: Investing - Theory, News & General
Topic: Extremely basic 401k matching question
Replies: 4
Views: 396

Extremely basic 401k matching question

I have a question regarding 401k matching and salary amounts. My wife's plan matches $.50 for each dollar contributed up to 6% equaling a 3% match if you contribute 6%. Am I correct in understanding that a higher income earner gets a bigger benefit of the match? Bill makes $100k. At 3% his match wou...
by cdogg44
Sun Feb 09, 2014 11:49 pm
 
Forum: Investing - Theory, News & General
Topic: Extremely basic 401k matching question
Replies: 4
Views: 396

Re: Harry Browne Permanent Portfolio Discussion (Cont'd)

I appreciate the replies. I will look up the PP book while I wait on Fail Safe Investing to show up.

I also found the PP forum. For some reason I had assumed that it was on the Bogleheads site!

Finally, any quick and dirty answers to allocation over a 401k, Roth's, and taxable accounts?
by cdogg44
Tue Feb 04, 2014 4:08 pm
 
Forum: Investing - Theory, News & General
Topic: Harry Browne Permanent Portfolio Discussion (Cont'd)
Replies: 507
Views: 108172

Re: Harry Browne Permanent Portfolio Discussion (Cont'd)

I have some basic questions about the PP philosophy. I am VERY intrigued by this philosophy and have ordered a copy of Fail Safe Investing. I have also begun reading through both threads, but would like to know a few things as I get started. 1. Is a PP philosophy an all in approach? Should it be 100...
by cdogg44
Mon Feb 03, 2014 11:02 pm
 
Forum: Investing - Theory, News & General
Topic: Harry Browne Permanent Portfolio Discussion (Cont'd)
Replies: 507
Views: 108172

Re: Should I convert to a Roth?

But....you might want to go back and check something. It's possible I don't understand just what you did, but the LTCG rate in the 15% bracket is 0%, not 15%. I estimated our income, maximized her 401k, and fully funded two TIRAs. I also included personal exemptions and including our child and her ...
by cdogg44
Thu Jan 16, 2014 1:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I convert to a Roth?
Replies: 8
Views: 460

Re: Should I convert to a Roth?

I appreciate the replies. Since we are currently in the lowest tax bracket available to us (both working/maintain standard of living) so I would like to think we can only go up from here. I don't know where that puts us in 30 years, but worst case we are right where we are now. Just going off of tha...
by cdogg44
Thu Jan 16, 2014 12:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I convert to a Roth?
Replies: 8
Views: 460

Should I convert to a Roth?

I am 30 and my wife is 31. I have a Roth IRA I last contributed to in 2012. In 2013 I cleaned out a custodial account given to me which had done quite well and captured nearly all of the LTCGs at 0% by maximizing contributions to my wife's 401k and opening up Traditional IRA's for both of us to lowe...
by cdogg44
Thu Jan 16, 2014 10:58 am
 
Forum: Investing - Help with Personal Investments
Topic: Should I convert to a Roth?
Replies: 8
Views: 460

Re: New PenFed CD rates!

Thank you both for the replies. That ws exactly what I was looking for.

One last thing, does breaking a CD in any way affect your credit? I assume it wouldn't but would like to know for sure.

Thanks
by cdogg44
Mon Jan 06, 2014 11:22 pm
 
Forum: Investing - Theory, News & General
Topic: New PenFed CD rates!
Replies: 313
Views: 35770

Re: New PenFed CD rates!

I have been eyeing these rates for the last two weeks but I am still unsure if I will bite. I have been a Penfed customer for nearly two years but quit using their Platinum Rewards credit card this past fall after they changed the redemption rates for cash cards. I might still be a little upset... I...
by cdogg44
Mon Jan 06, 2014 6:16 pm
 
Forum: Investing - Theory, News & General
Topic: New PenFed CD rates!
Replies: 313
Views: 35770

Account allocation with tax efficiency in mind

Emergency funds: 6 months cash Debt: Mortgage $100k @ 2.75% with ~14yrs remaining, Car ~$16k @ 2.4% with 4.5yrs remaining (on track to be paid off sooner) Tax Filing Status: Married filing jointly, 1 child Tax Rate: 15% Federal, 7% State State of Residence: Arkansas Age:30 Desired Asset allocation: ...
by cdogg44
Wed Nov 20, 2013 8:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: Account allocation with tax efficiency in mind
Replies: 1
Views: 196

Review my asset allocation

I have read and read and finally settled on an asset allocation for my family. I will be applying it to all of our accounts as a whole for tax reasons and better ER's. 15% International 10% International Emerging Markets 25% Domestic Large Cap (This does include a few individual stocks (WMT, MCD, PE...
by cdogg44
Sat Sep 28, 2013 2:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: Review my asset allocation
Replies: 3
Views: 474

Re: Roll over 401k or not?

A backdoor Roth maneuver is only needed if you are above the income level where can contribute to a Roth directly. The contribution limit phase out range is $178k-$188k modified AGI for filing MFJ. You are well below that now but the point is that if you will make a lot of money and are over the li...
by cdogg44
Sun Aug 04, 2013 7:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: Roll over 401k or not?
Replies: 17
Views: 1051

Re: Roll over 401k or not?

Thank you for the links. Is a backdoor Roth necessary if our income is below the limits of a Roth IRA or the non deductible limit of a Traditional IRA? Otherwise I don't see how you could double dip the TIRA deduction and then move it to a Roth for future earnings. I opened up a TIRA for my wife two...
by cdogg44
Sun Aug 04, 2013 5:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Roll over 401k or not?
Replies: 17
Views: 1051

Re: Roll over 401k or not?

I'd leave it there. It's tempting to roll over to reduce the number of line items you have to track, but don't let the desire for simplicity drive your decision making. It looks like a great plan with great funds and low fees, and since its in a 401k, it gives you more flexibility to do Roth conver...
by cdogg44
Sun Aug 04, 2013 11:20 am
 
Forum: Investing - Help with Personal Investments
Topic: Roll over 401k or not?
Replies: 17
Views: 1051

Re: Roll over 401k or not?

Here are the fees were are currently paying in the 401k: 50% US Large Company Index ER .0214% 30% International Company Index ER .1039% 20% Pimco Real Return Institutuional ER .45% If I rolled over to Fidelity I could set it up something like this: iShares S&P 500 ETF IVV ER .07% iShares MSCI EA...
by cdogg44
Sun Aug 04, 2013 10:51 am
 
Forum: Investing - Help with Personal Investments
Topic: Roll over 401k or not?
Replies: 17
Views: 1051

Roll over 401k or not?

My wife took a new job and has right at $30k in her 401k from her previous employer. It is a good program and we are invested in some very low fee funds due to them being institutional in size. We are set up with Fidelity holding all of our accounts and I really like them. I have done quite a bit of...
by cdogg44
Fri Aug 02, 2013 10:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: Roll over 401k or not?
Replies: 17
Views: 1051

Re: New job, new 401k options, plus an update on our plan

Good catch there Bob. I was using gross numbers for last year there and NOT taxable income and have adjusted accordingly.

Anyone else have any thoughts on the new 401k allocation or our plan in general?
by cdogg44
Sat Jul 27, 2013 1:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: New job, new 401k options, plus an update on our plan
Replies: 2
Views: 366

Re: Pent Fed Platinum Rewards - another way new card is wors

I have a Square card reader that I use to cash out prepaid cards. Yes you pay a 2.75% fee, but it is worth it for the convenience.
by cdogg44
Wed Jul 24, 2013 11:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Pent Fed Platinum Rewards - another way new card is worse
Replies: 19
Views: 1868

Re: How Can I Avoid the $95 Edward Jones Account Closing Fee

I left EJ for Fidelity two months ago. I had two account, a taxable investment account and a Roth IRA. I called and told them that I didn't mind the fees but I wanted to pay for both of them, $195, out of the taxable account so I didn't lose the value in my Roth. They said no problem. It didn't happ...
by cdogg44
Tue Jul 23, 2013 11:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: How Can I Avoid the $95 Edward Jones Account Closing Fee?
Replies: 34
Views: 4269

New job, new 401k options, plus an update on our plan

First, HERE is my thread from two months ago. A LOT has changed. I have successfully switched brokers, blew up my Roth, and have begun tearing into my taxable account. My goal of zero capital gains taxes for 2013 is still within reach. I have opened up a traditional IRA for my wife and am contemplat...
by cdogg44
Tue Jul 23, 2013 10:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: New job, new 401k options, plus an update on our plan
Replies: 2
Views: 366

Re: Take higher mortgage interest rate for better service?

Our loan amount is just under $200k. Citibank interest rate: 4.125% (~$970/mo) New loan company: 5.250% (~$1100/mo) (Interest rate originally at Citibank before they took so long: 2.750% $810/mo) There's no prepayment penalty on any of these loans. If you can document that missing out on the 2.75% ...
by cdogg44
Fri Jul 19, 2013 5:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Take higher mortgage interest rate for better service?
Replies: 11
Views: 1040

Re: Confused on bond funds and all the bad news

The example with real numbers makes sense and I also understand how the #1 is riskier with more money being in stocks. In your example above you earned more with the Roth, but didn't it also cost you more to fund it? At 29.5, there is a whole lot greater chance that I'm going to live to be 59.5 than...
by cdogg44
Fri Jul 05, 2013 5:51 pm
 
Forum: Investing - Theory, News & General
Topic: Confused on bond funds and all the bad news
Replies: 26
Views: 3060

Re: Confused on bond funds and all the bad news

I agree with Call_Me_Op that you should avoid holding bonds in a taxable account, but especially for someone as young as you I would strongly favor putting them in a traditional IRA rather than a Roth. I would save the Roth for stocks, which have much higher expected returns than bonds. Over your w...
by cdogg44
Fri Jul 05, 2013 11:36 am
 
Forum: Investing - Theory, News & General
Topic: Confused on bond funds and all the bad news
Replies: 26
Views: 3060

Re: Confused on bond funds and all the bad news

I think maybe the question I should be asking is if everyone is selling out of bond funds, where are they going? Bond investors are in it for the fixed income and less volatile approach, but are they just selling for cash and waiting for it to drop and then jump back in? Doesn't rising rates lower b...
by cdogg44
Fri Jul 05, 2013 11:32 am
 
Forum: Investing - Theory, News & General
Topic: Confused on bond funds and all the bad news
Replies: 26
Views: 3060

Confused on bond funds and all the bad news

I'm trying to restructure my investments and have never before owned any type of bond or bond fund. I'm looking to go 80/20 between equities and bonds and am 29 years old. Obviously there is a lot of talking going on in the bond market right now with a predicted rise in interest rates. I have read a...
by cdogg44
Fri Jul 05, 2013 10:44 am
 
Forum: Investing - Theory, News & General
Topic: Confused on bond funds and all the bad news
Replies: 26
Views: 3060

Re: A few questions regarding LT capital gains and taxes

$90,000 gross income - $9,000 401k contribution - $x,xxx pre-tax health, dental, and disability insurance premiums withheld from yours and your wife's paychecks - $x,xxx FSA contributions ------------- $81,000 AGI --> both of you are eligible for deductible TIRA contributions - $5,500 wife only TIR...
by cdogg44
Mon Jul 01, 2013 8:51 am
 
Forum: Personal Finance (Not Investing)
Topic: A few questions regarding LT capital gains and taxes
Replies: 9
Views: 615

Re: A few questions regarding LT capital gains and taxes

Capital-gains taxes work the same way by bracket; they are taxed at a lower rate in each bracket. If your taxable income is $1 above the bottom of the 25% tax bracket and you have capital gains, you pay 15 cents in tax on the last dollar in capital gains, and nothing on the rest of your capital gai...
by cdogg44
Mon Jul 01, 2013 12:31 am
 
Forum: Personal Finance (Not Investing)
Topic: A few questions regarding LT capital gains and taxes
Replies: 9
Views: 615

A few questions regarding LT capital gains and taxes

I have a decent portfolio from a custodial account that I have ended up with and am trying to reorganize it. I am concerned about long term capital gains taxes and am trying to avoid them. I have a few questions regarding them. Thank you. I am married and have always filed jointly. We have a 1 year ...
by cdogg44
Sun Jun 30, 2013 11:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: A few questions regarding LT capital gains and taxes
Replies: 9
Views: 615

Re: PenFed Platinum Rewards Visa CC changes

I got spooked after reading this thread and called about my card. I've had the PenFed Platinum Rewards Visa for year now. Thankfully my card is staying the same, although he did tell me to hang onto it because they weren't offering it to new customers anymore. I have a small $3000 limit on the card ...
by cdogg44
Thu Jun 13, 2013 6:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: PenFed Platinum Rewards Visa CC changes
Replies: 118
Views: 17430

Re: Need fund recommendations for a new Coverdell account

Hmm I never looked at Schwab. I looked at what I thought was every discount broker and they never even appeared on my radar. So far I am happy with Etrade. I had an issue regarding funding 2012 in April of 2013 and they got it worked out. I'm happy for now and will revisit switching companies later ...
by cdogg44
Sat Jun 08, 2013 2:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need fund recommendations for a new Coverdell account
Replies: 4
Views: 264

Need fund recommendations for a new Coverdell account

I have a brand new Coverdell account for my 14mo daughter at Etrade. It was created in April and funded fully for 2012 and 2013 giving me a balance of $4000. I have very recently switched all of our personal investments to Fidelity and they do not offer a Coverdell. I looked around and the $10 commi...
by cdogg44
Sat Jun 08, 2013 9:25 am
 
Forum: Investing - Help with Personal Investments
Topic: Need fund recommendations for a new Coverdell account
Replies: 4
Views: 264

Re: Premium Products That Are Worth It To You

Well made comfortable shoes. Many years ago when I was just starting my career, I asked an older fellow what advice he could give me. The first words out of his mouth were "wear comfortable shoes." I went through a plethora of different work boots before splurging on Redwings. My only reg...
by cdogg44
Fri Jun 07, 2013 9:14 pm
 
Forum: Personal Consumer Issues
Topic: Premium Products That Are Worth It To You
Replies: 361
Views: 38840

Re: Premium Products That Are Worth It To You

Thermapen instant read meat thermometer While it may seem crazy to spend $96 on an instant read meat thromometer (less 20% at Chef Central using 20% BB&B coupon), it is worth every penny. It literally is the Rolls Royce of meat thermometers. You will never have to guess if something is done. it...
by cdogg44
Fri Jun 07, 2013 9:08 pm
 
Forum: Personal Consumer Issues
Topic: Premium Products That Are Worth It To You
Replies: 361
Views: 38840

Re: Investing for child w/o affecting financial aid?

Granted it's been 11 years since I filled out my FASFA, but I remember mailing it in knowing it was nothing but a wasted stamp and envelope. My parent's income was roughly $80k that year, but one was self employed in the housing industry as it was skyrocketing (still doing it today) and they had acc...
by cdogg44
Fri May 31, 2013 1:11 am
 
Forum: Investing - Theory, News & General
Topic: Investing for child w/o affecting financial aid?
Replies: 24
Views: 1476

Re: Advice regarding leaving Ed Jones & taxes

Retirement investing needs to be your first priority. Only once you are fully on track for your retirement should you worry about education. I have both the Coverdell and a 529. You don't need to use your state plan. Utah and Nevada (Vanguard plan) seem to be some of the best. I use the Nevada plan...
by cdogg44
Sun May 26, 2013 12:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advice regarding leaving Ed Jones & taxes
Replies: 17
Views: 1140

Re: Advice regarding leaving Ed Jones & taxes

... Maxing out the 401k with an additional $14.5k may prove to be tough How so? Just take additional $14.5K from taxable for expenses and up deduction from paycheck(s) by $14.5K. I agree with livesoft & Laura on this. Think of it this way: You are shifting investments from taxable to tax deferr...
by cdogg44
Sun May 26, 2013 11:43 am
 
Forum: Investing - Help with Personal Investments
Topic: Advice regarding leaving Ed Jones & taxes
Replies: 17
Views: 1140

Re: Advice regarding leaving Ed Jones & taxes

$5.5k for my Roth is a definite 6% for her 401k (roughly $3k) is definite From there $5.5k to her Roth (to be created) is probably a 90% certainty Maxing out the 401k with an additional $14.5k may prove to be tough ...I'm really not seeing anything left for the taxable account! We are walking out th...
by cdogg44
Sat May 25, 2013 7:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advice regarding leaving Ed Jones & taxes
Replies: 17
Views: 1140

Re: Advice regarding leaving Ed Jones & taxes

Let me make sure I understand. You want to continue investing in individual stocks even though you will hold those same companies in broad market index funds? Holding individual stocks really makes very little sense since you are not compensated for the risk you take on by betting on individual com...
by cdogg44
Sat May 25, 2013 7:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advice regarding leaving Ed Jones & taxes
Replies: 17
Views: 1140

Re: Advice regarding leaving Ed Jones & taxes

Emergency funds: $39k total cash savings Debt:~$105k @ 2.75% house, $18k @ 2.44% car loan Tax Filing Status: Married Filing Jointly Tax Rate: 15%, with $8-10k @ 25% most likely Federal, 7% State State of Residence: Arkansas Age: 29 Desired Asset allocation: 50/50 stocks and index, mutual funds Desir...
by cdogg44
Sat May 25, 2013 6:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advice regarding leaving Ed Jones & taxes
Replies: 17
Views: 1140

Advice regarding leaving Ed Jones & taxes

I have great parents. They saved what they could in an Edward Jones account to pay for me to go to college. When I managed to hang onto my scholarship until I graduated they handed the account over to me. While it doesn't make me a millionaire, it is a ~$75k head start. I have mainly let it ride for...
by cdogg44
Sat May 25, 2013 1:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advice regarding leaving Ed Jones & taxes
Replies: 17
Views: 1140

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