Search found 21 matches

by LTD
Mon Mar 12, 2018 9:22 am
Forum: Personal Consumer Issues
Topic: Is this too much for a kitchen?
Replies: 69
Views: 6736

Re: Is this too much for a kitchen?

MangoMama, You can go to http://www.remodeling.hw.net/cost-vs-value/2018/ this report has been done by Remodeling Magazine for many years. This site compares the average costs for 21 popular remodeling projects in 149 markets. It also gives the value those projects retain at resale in 100 U.S. marke...
by LTD
Tue Feb 20, 2018 9:40 am
Forum: Investing - Theory, News & General
Topic: Staying Motivated: How do you ward off hopelessness?
Replies: 59
Views: 7403

Re: Staying Motivated: How do you ward off hopelessness?

After I made some poor decisions with money and being set back several years, maybe a decade, I deeply regretted and from time to time still do regret most of those decisions. I cannot say I felt hopeless but it did (and sometimes still does) take some mental gymnastics to continue the slog. My reco...
by LTD
Sun Jan 14, 2018 10:20 am
Forum: Investing - Theory, News & General
Topic: Dave Ramsey's Millionaire Study
Replies: 59
Views: 11804

Re: Dave Ramsey's Millionaire Study

There seems to be a lot of negativity toward Dave Ramsey on Bogleheads. I would like to offer a different view - I acknowledge that Dave Ramsey gives poor investment advice. However, he has helped literally millions of people with their finances, including my family. If he has to run a business and ...
by LTD
Thu Apr 06, 2017 8:43 am
Forum: Personal Consumer Issues
Topic: How best to handle disrespectful employee?
Replies: 40
Views: 4601

Re: How best to handle disrespectful employee?

A high performer with lousy values is known as a toxic employee and is a destroyer of companies. This will be very difficult to fix if he's that bad. If you think you are up to the challenge you need to do a rigorous performance improvement plan with him and ride him really hard the whole time. You ...
by LTD
Wed Mar 22, 2017 8:28 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review and Our Complete Economic Situation
Replies: 16
Views: 1783

Re: Portfolio Review and Our Complete Economic Situation

Do I have that right? Or am I missing something? You are missing something. Those limits prevent you from contributing directly to Roth IRA. You make too much money. However, there is no income limit to make a non-deductible contribution to tIRA and there is no income limit on converting assets in ...
by LTD
Mon Mar 20, 2017 9:09 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review and Our Complete Economic Situation
Replies: 16
Views: 1783

Re: Portfolio Review and Our Complete Economic Situation

2. Can we, or should we, do a backdoor ROTH? Am I “too old” for a ROTH? As some have told me -better to keep money in tax deferred since it does not have a lot of time to grow is the argument. If you can move the SEP IRA and the tIRA out of the way by rolling each into a 401k plan, back door Roth m...
by LTD
Wed Mar 15, 2017 8:00 am
Forum: Personal Consumer Issues
Topic: $464.12 dinner bill last night. No regrets.
Replies: 78
Views: 12096

Re: $464.12 dinner bill last night. No regrets.

Well done and well said, thank you!
by LTD
Sat Mar 11, 2017 3:54 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review and Our Complete Economic Situation
Replies: 16
Views: 1783

Re: Portfolio Review and Our Complete Economic Situation

1. Is there a place anyone can recommend we take our company 401K to lower the fees? We are paying 1.61% on AUM + $1,750 annual administrative base fee + $500 for 401(a)(4) testing + $30.00 per participant + $225 safe harbor notice + $175 Employer Match True Up. + Trust reconciliation @ $175/ Hour....
by LTD
Sat Mar 11, 2017 3:41 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review and Our Complete Economic Situation
Replies: 16
Views: 1783

Re: Portfolio Review and Our Complete Economic Situation

F. I need to learn more on SS. when I Googled: "the two "knees' on the SS payout amounts" all I get is "disability for knee replacement". Is what you are talking about known by another name? or do you have a URL on the subject? Try "social security bend points" for a search term. Also, take another...
by LTD
Sat Mar 11, 2017 11:05 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review and Our Complete Economic Situation
Replies: 16
Views: 1783

Re: Portfolio Review and Our Complete Economic Situation

Does your business have employees? If not, I would strongly consider a defined benefit plan. If structured correctly, you will be able to defer taxes on a much, much larger share of your income. I use employee fiduciary for our 401k plan, they are very good, with low, transparent fees and let you p...
by LTD
Sat Mar 11, 2017 10:59 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review and Our Complete Economic Situation
Replies: 16
Views: 1783

Re: Portfolio Review and Our Complete Economic Situation

"$250,000.00 in owners’ income and 10% net profit" Is there a reason why both of you take high salaries which require both employee and employer (both you) to pay full payroll taxes? "My guess is that we could sell the business for between $500k and $1M. Depending on how the economy/business are do...
by LTD
Sat Mar 11, 2017 9:14 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review and Our Complete Economic Situation
Replies: 16
Views: 1783

Re: Portfolio Review and Our Complete Economic Situation

Why is the 401k at John Hancock? Don't you have a say in choosing the plan? Have you at least ruled out that it wouldn't be possible to hold it at a place like Schwab? Their ETF 401k runs about 0.6% but if you opt-out of the advice, can reduce that by 0.35-0.45%. http://corporateservices.schwab.com...
by LTD
Sat Mar 11, 2017 9:06 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review and Our Complete Economic Situation
Replies: 16
Views: 1783

Re: Portfolio Review and Our Complete Economic Situation

Our business $2.4M-$2.8M/yr S-Corp with approx. $250,000.00 in owners’ income and 10% net profit. This can fluctuate a lot depending on how the overall economy is doing. He works full time, she works part time at the business. My guess is that we could sell the business for between $500k and $1M. D...
by LTD
Fri Mar 10, 2017 10:25 am
Forum: Personal Finance (Not Investing)
Topic: Should We Redo Our Kitchen?
Replies: 14
Views: 1609

Re: Should We Redo Our Kitchen?

imsomeguy,

This might help with your decision: http://www.remodeling.hw.net/cost-vs-value/2017/ it will give you average costs and resale values for different remodeling projects in different cities throughout the U.S. - good luck!
by LTD
Fri Mar 10, 2017 9:13 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review and Our Complete Economic Situation
Replies: 16
Views: 1783

Portfolio Review and Our Complete Economic Situation

I have been reading and learning from the BH wiki and the forum for the past 3 months now. Since finding the BH website we fired our broker and moved everything, except our 401k, to Vanguard. We are playing catch up due to making every mistake in the book and a couple that aren’t even in the book! I...
by LTD
Sun Mar 05, 2017 8:30 pm
Forum: Personal Finance (Not Investing)
Topic: Net worth milestone reached: $100,000!
Replies: 53
Views: 5650

Re: Net worth milestone reached: $100,000!

You are doing really great! Keep it up. Being a boglehead, it is easy to forget that something like 70% of Americans are living paycheck-to-paycheck with little to no emergency savings. Let alone anything saved for retirement.
by LTD
Fri Mar 03, 2017 9:20 am
Forum: Personal Consumer Issues
Topic: Getting a feel for cost to build a home
Replies: 11
Views: 1607

Re: Getting a feel for cost to build a home

It's a bit like talking about the cost to buy a car; there's a huge range. At the low end maybe $100/sqft. up to $300/sqft. for really fancy. That's assuming you own the land already. It varies regionally too. A local architect might be able to give you a rough idea. Architects rarely know what it ...
by LTD
Mon Feb 27, 2017 10:59 pm
Forum: Personal Consumer Issues
Topic: standing water around house
Replies: 24
Views: 3450

Re: standing water around house

In order of cost: Do you have gutters and downspouts? A lot of water collects on the roof and is deposited around the house. The downspouts should discharge directly into drains. Landscaping and hardscaping should slope away from the house to the street and or to drains which go to the street (or ot...
by LTD
Sun Feb 19, 2017 10:02 am
Forum: Personal Finance (Not Investing)
Topic: How did you start up your small business?
Replies: 20
Views: 3755

Re: How did you start up your small business?

I started from scratch by knocking on doors and asking for business. Early on, an older client who had his own business said to me " if you can offer people a good product at a fair price you will never go hungry and the day that doesn't work we are all in trouble". 30 Years later we have a multi-mi...
by LTD
Fri Feb 17, 2017 10:04 am
Forum: Personal Consumer Issues
Topic: Establishing Priorities - Work vs Life Balance
Replies: 22
Views: 3118

Re: Establishing Priorities - Work vs Life Balance

I always made my kids a priority when they were growing up. One thing helped make that easier for me...I made sure my commute was as short as possible. My work was always within a 10 minute drive of my house. This gave me time to go see a school play, a ball game, as well as time to exercise etc. Th...
by LTD
Sun Feb 12, 2017 9:31 pm
Forum: Local Chapters and Bogleheads Community
Topic: Your USER NAME...what does it mean?
Replies: 408
Views: 42575

Re: Your USER NAME...what does it mean?

LTD = Living The Dream (most of the time anyway).