Search found 3487 matches

by Lafder
Sun Aug 06, 2017 9:35 am
Forum: Investing - Help with Personal Investments
Topic: 529: possible to use $140k parental gift tax exemption twice within 5 years with two children?
Replies: 17
Views: 1144

Re: 529: possible to use $140k parental gift tax exemption twice within 5 years with two children?

What balance are you hoping to have by the time any future kids are college age? It occurs to me that if you can fund 529s multiple times with 70-140k, are 529s your best financial planning options? Yes there are tax advantages if used on education. But......doublecheck the ongoing extra fees for 52...
by Lafder
Sun Aug 06, 2017 9:27 am
Forum: Investing - Help with Personal Investments
Topic: Physician & Real Estate investor seeks advice
Replies: 49
Views: 4209

Re: HCP & Real Estate investor seeks advice [Health Care Provider]

Traditional 401k - $15K - random mix of funds, but I recently changed allocation to 87% C fund, 13% S fund ((That seems fine :))) Roth 401k - $0 ((I max pretax 401k before thinking of a post tax Roth 401k)) Roth IRA - $5K - USIFX/USGRX/UVALX/USAIX range 0.51 - 1.13 ER ((You can do much better than 0...
by Lafder
Sun Aug 06, 2017 12:09 am
Forum: Investing - Help with Personal Investments
Topic: Physician & Real Estate investor seeks advice
Replies: 49
Views: 4209

Re: HCP & Real Estate investor seeks advice

Welcome here! I would max your 401k and any other pretax options. That way you put away the larger pretax amount away to grow over the years and hopefully will be in a lower tax bracket in retirement than now. If you change jobs you can take your 401k with you and put it somewhere you have full cont...
by Lafder
Fri Aug 04, 2017 11:06 pm
Forum: Investing - Help with Personal Investments
Topic: Help: Fidelity or Vanguard
Replies: 33
Views: 2404

Re: Help: Fidelity or Vanguard

I a sorry for your bad experience. I almost never deal with the office. The phone reps get to speak with many more customers a day I suspect they know the answers to questions more than the hired suits in the office that do nowhere near the volume in customers. We did go into the office to sign Powe...
by Lafder
Fri Aug 04, 2017 10:42 pm
Forum: Investing - Help with Personal Investments
Topic: Moving away from EJ to where?
Replies: 28
Views: 2255

Re: Moving away from EJ to where?

Sparel, Welcome here! If your plan is to change all of your holdings, your current holdings do not matter much. The more important question is what holdings do you want to end up with? What is your desired Stock/Bond, International asset allocation? Of your holdings, which are retirement accounts th...
by Lafder
Fri Aug 04, 2017 9:48 am
Forum: Investing - Help with Personal Investments
Topic: Bond Fund Piñata
Replies: 27
Views: 2980

Re: Bond Fund Piñata

My only bond fund is the Total Bond Market Index, in retirement accounts.

KISS

Lafder
by Lafder
Fri Aug 04, 2017 9:32 am
Forum: Investing - Help with Personal Investments
Topic: Help: Fidelity or Vanguard
Replies: 33
Views: 2404

Re: Help: Fidelity or Vanguard

If they provided an equal solo401k, I would go with Vanguard. But, Fidelity has a superior solo401k. In addition to allowing you to consolidate other retirement accounts, which allows the back door Roth, Fidelity has lower cost fund options. Vanguard's lowest cost Admiral funds are NOT available in ...
by Lafder
Fri Aug 04, 2017 9:19 am
Forum: Investing - Help with Personal Investments
Topic: Need advice allocating new 401k
Replies: 5
Views: 342

Re: Need advice allocating new 401k

Do you understand that by having at least 20% bonds, you will have space to rebalance in a big stock market crash? If you are 100% stock and the market drops 50%, you will need a 100% gain to get back to where you started. Bonds buffer drops much more than they drag down gains. There are some years ...
by Lafder
Thu Aug 03, 2017 8:54 am
Forum: Investing - Help with Personal Investments
Topic: How to rebalance a $380k portfolio? And pre-tax or Roth 401k contributions?
Replies: 17
Views: 1227

Re: How to rebalance a $380k portfolio? And pre-tax or Roth 401k contributions?

In order to rebalance, it helps to have assets of 2 categories in the same account so if there is a large market shift, you can sell the higher priced asset, and buy more of the lower priced asset to get back to your stated desired asset allocation. So an account with stocks, should have a % bonds t...
by Lafder
Tue Aug 01, 2017 9:44 pm
Forum: Investing - Help with Personal Investments
Topic: 100K milestone - Thank you BH!
Replies: 15
Views: 1964

Re: 100K milestone - Thank you BH!

Congrats! About the same age my hubby and hit 100k. So not late by my book. Many more years of savings to go :)
lafder
by Lafder
Tue Aug 01, 2017 9:07 am
Forum: Investing - Help with Personal Investments
Topic: $13 Million Goal for Early Retirement (am I crazy?)
Replies: 160
Views: 26146

Re: $13 Million Goal for Early Retirement (am I crazy?)

MaxSave, I am enjoying watching the progression of your savings and thinking on retiring. I am 49 now. I think we hit 100k around the time we were just over 30 yo. It will be a milestone to have 2 commas in your accounts!! The compounding interest really builds. You will get there soon! I think it i...
by Lafder
Mon Jul 31, 2017 9:11 am
Forum: Personal Consumer Issues
Topic: New 2018 Honda Odyssey Problem - Need Advice
Replies: 37
Views: 3394

Re: New 2018 Honda Odyssey Problem - Need Advice

1) Pregnancy test 2) Try driving with the windows open in case it is off gassing from all the new car parts, upholstery, carpets etc. to see if that makes a difference. 3) There are portable battery powered CO2 detectors she can put in the car with her. 4) Does she usually wear glasses? Any change i...
by Lafder
Sun Jul 30, 2017 5:50 pm
Forum: Investing - Help with Personal Investments
Topic: Medical Resident SEP IRA vs. Solo 401k
Replies: 7
Views: 523

Re: Medical Resident SEP IRA vs. Solo 401k

Solo401k You can put away more for the same income since you get to contribute as employer and employee. Fidelity has lower cost fund options for their solo401k than Vanguard does, and also allows other IRAs to be rolled in. An accountan can help you calculate the amount of the income you can contri...
by Lafder
Sat Jul 29, 2017 9:56 am
Forum: Investing - Help with Personal Investments
Topic: Backdoor AND Mega Backdoor rollovers
Replies: 12
Views: 650

Re: Backdoor AND Mega Backdoor rollovers

My understanding is that the IRA balance that matters is what is there on 12/31 of the year in question. SO the temporary placement of the nondeductible IRA funds in an IRA before moving to a Roth, is no problem as long as it is moved out of the IRA before the end of the year. In my case, with any g...
by Lafder
Sun Jul 23, 2017 11:57 am
Forum: Investing - Help with Personal Investments
Topic: Rebalancing - Newbie never really paid attention before now
Replies: 9
Views: 1009

Re: Rebalancing - Newbie never really paid attention before now

Your plans are a great improvement and simplification! Your current holdings remind me of when I got my first 401k and had to pick what to invest in. I checked off every box figuring it would be more diversity, right ? Now that you are aware, you can KISS and keep more of your $$ for yourself with l...
by Lafder
Sat Jul 22, 2017 12:48 pm
Forum: Investing - Help with Personal Investments
Topic: Investing 500K Cash
Replies: 11
Views: 1956

Re: Investing 500K Cash

I consider the multi family investments risky in that you have no guaranteed return and could lose all of your investment. If something goes bad, what are the chances you will be paid back considering how many others are in line to get paid back. I know it is a smaller scale, but I would prefer prop...
by Lafder
Fri Jul 21, 2017 8:27 pm
Forum: Investing - Help with Personal Investments
Topic: Investing 500K Cash
Replies: 11
Views: 1956

Re: Investing 500K Cash

Reds, Welcome here. Hopefully we can give you more useful responses than your earlier posts got There are many options for investing this cash. But it would help to have more info. How old are you and your spouse? Do you have any debt? Mortgage? Car loans ? etc Do you have any other savings, investm...
by Lafder
Thu Jul 20, 2017 9:12 am
Forum: Investing - Help with Personal Investments
Topic: Windfall: Buy or wait?
Replies: 30
Views: 3081

Re: Windfall: Buy or wait?

For me the bigger question is how to invest, not when to invest. With a windfall, one can consider paying down debt vs investing. Once I knew what I wanted to do with the money, I would go for it. If it was an amount significant compared to my overall portfolio, I might spread the investing into sev...
by Lafder
Thu Jul 20, 2017 9:02 am
Forum: Investing - Help with Personal Investments
Topic: Considering a new accountant?
Replies: 5
Views: 683

Re: Considering a new accountant?

My accountant does not give me a lot of suggestions. But she asks for types of expenses and receipts to optimize my tax return. She has always been good at answering my questions. I brought up a solo401k to her instead of a SEP. And indeed it is better. I would stick with the "good" accoun...
by Lafder
Wed Jul 19, 2017 9:18 am
Forum: Investing - Help with Personal Investments
Topic: Options for College Savings
Replies: 17
Views: 836

Re: Options for College Savings

As mentioned, max your own retirement accounts first. Pay down a mortgage if you have one. That way if your home is paid off by college age you free up more monthly cash flow to pay for college as they go. Beyond the state tax deduction, a 529 may or may not make the most sense. When I was reading a...
by Lafder
Wed Jul 19, 2017 9:06 am
Forum: Investing - Help with Personal Investments
Topic: Designed an aggressive 20 year portfolio. Thoughts?
Replies: 24
Views: 2107

Re: Designed an aggressive 20 year portfolio. Thoughts?

Welcome here! Have you read this? Read it all the way through. Any question you can think of is likely answered somewhere in it. https://www.bogleheads.org/forum/viewtopic.php?f=10&t=88005 It suggests the simplicity of a 3 fund portfolio will likely beat more complicated portfolios over time, an...
by Lafder
Mon Jul 17, 2017 6:06 pm
Forum: Personal Consumer Issues
Topic: How Much Would You Spend on a Blender?
Replies: 43
Views: 2504

Re: How Much Would You Spend on a Blender?

My spouse has burned out every blender we have ever had. He uses them almost every day. We are less than a year into Vitamix and so far so good. I think it was under 400 at Costco. We were reluctant to pay the high cost, and they are so loud you really need to wear ear protection to avoid hearing lo...
by Lafder
Sun Jul 02, 2017 7:51 pm
Forum: Investing - Help with Personal Investments
Topic: Help with rollover IRA to 401K
Replies: 2
Views: 236

Re: Help with rollover IRA to 401K

Welcome here! In addition to moving your IRA into lower cost options in your 401k, I would also look at moving your taxable investments. Those Expense Ratios are too high and are eating at your growth and children's college savings. Great to minimal debts and getting a handle on your overall finance...
by Lafder
Sun Jul 02, 2017 1:06 pm
Forum: Investing - Help with Personal Investments
Topic: Beginner needs sanity check moving a lot of cash to market.
Replies: 58
Views: 4878

Re: Beginner needs sanity check moving a lot of cash to market.

This is more of an emotional question than a math question. The only for sure thing is the interest rates on the loans and your balances. You owe the balances regardless of what the market does. The market is the unpredictable thing. Yes I believe on average it will go up over time, or I would not i...
by Lafder
Sun Jul 02, 2017 12:26 pm
Forum: Investing - Help with Personal Investments
Topic: Should I rollover an exiisting IRA to my current 401K account?
Replies: 49
Views: 3160

Re: Should I rollover an exiisting IRA to my current 401K account?

If you move your IRA to your 401k, you open up the possibility of doing a back door Roth each year. That would allow a great use of an "extra" 6500$ a year in the most tax advantaged way possible since you never pay tax on a Roth again. You can not have any IRA balance by 12/31 or you owe ...
by Lafder
Sun Jul 02, 2017 11:24 am
Forum: Investing - Help with Personal Investments
Topic: Advice on what are the best ways to invest on a college campus?
Replies: 25
Views: 1663

Re: Investing in Real Estate in college?

You can do much of the research on your own. What is the price range of homes that would be rentable? The closer to campus the better. Trulia, zillow, realtor.com are fine for a rough estimate. Assuming 20% down, you can use online mortgage calculators to see what monthly payments would be. Note tha...
by Lafder
Thu Jun 29, 2017 7:50 am
Forum: Personal Finance (Not Investing)
Topic: Negotiating a House Using Seller's Agent (opinions wanted)
Replies: 101
Views: 5377

Re: Negotiating a House Using Seller's Agent (opinions wanted)

If you are willing to pay 370, go ahead and counter with that. They paid 355 plus possibly spent more than 15k finishing the basement. So they are attached to the amount they have in the house, even if it has little impact on current market value. I think the best price would mean you are both happy...
by Lafder
Wed Jun 28, 2017 8:42 pm
Forum: Investing - Help with Personal Investments
Topic: Am I dumb to be holding foreign small in 401k?
Replies: 6
Views: 476

Re: Am I dumb to be holding foreign small in 401k?

As much as I love Vanguard, Fidelity's solo401k has lower ER funds and allow you to transfer in other existing retirement accounts. As you have found, Vanguard only has higher fee funds for their solo401k and does not allow you to roll in any other retirement accounts. I started at VG and moved to F...
by Lafder
Tue Jun 27, 2017 7:39 am
Forum: Personal Finance (Not Investing)
Topic: Incorrect IRS notice, should I worry?
Replies: 13
Views: 1392

Re: Incorrect IRS notice, should I worry?

Since you have been the only people at the residence and it looked like an IRS letter, I would have opened it too I agree with sending it back to the IRS with an explanation, and keep a copy of it for yourself. I once received a legal notice (past due and eviction on a commercial lease) to my name a...
by Lafder
Mon Jun 26, 2017 11:19 pm
Forum: Personal Finance (Not Investing)
Topic: Elderly Relative Reluctant to give POA
Replies: 30
Views: 2522

Re: Elderly Relative Reluctant to give POA

I agree, I have written "for deposit only to account number 123" and the checks were deposited without a problem.

It sounds like he is not understanding that he needs to pay his bills. A treatment guardian may be needed in addition to a Durable POA.

lafder
by Lafder
Mon Jun 26, 2017 8:19 am
Forum: Personal Consumer Issues
Topic: Insurance snafu with sewer line break at condo
Replies: 29
Views: 2842

Re: Insurance snafu with sewer line break at condo

Was it "water" flowing out of the toilet bowl? Or was it sewage back up? Water to me sounds very different than a sewage back up. And if a sewage back up, wouldn't the lower drains such as a bathtub or shower be more effected? The time I had a sewage block, really disgusting stuff came out...
by Lafder
Sat Jun 10, 2017 9:44 am
Forum: Investing - Help with Personal Investments
Topic: First Financial Plan & Status Review - 30yo
Replies: 8
Views: 790

Re: First Financial Plan & Status Review - 30yo

Vanguard used to rec 20-40 % of stock be International. They now rec 40-50%. So 30% is not actually high according to that. Bogle and Buffett have said 0% International is fine. Some folks say 50% is best. I chose 30% based on Vanguard's old recs so I admit I am a bit biased due to my own holdings. ...
by Lafder
Fri Jun 09, 2017 7:20 am
Forum: Investing - Help with Personal Investments
Topic: HSBC Global Strategy Balanced Portfolio
Replies: 5
Views: 409

Re: HSBC Global Strategy Balanced Portfolio

From the description, it is an actively managed fund with 20 holdings and an ER of 0.19. I prefer Index funds It is hard to beat the diversity and simplicity of Vanguard's Life Strategy funds as a low cost way to own the entire market. What is drawing you to this fund? Which Life Strategy fund do yo...
by Lafder
Thu Jun 08, 2017 10:57 pm
Forum: Investing - Help with Personal Investments
Topic: Changing IRA to 3 fund - do I just do it all tonight?
Replies: 13
Views: 931

Re: Changing IRA to 3 fund - do I just do it all tonight?

This is a great example of why I prefer mutual funds to ETFs ! I most often have free time eves and weekends, and ETF orders need to be put in when the market is open. I find mutual funds much simpler as far as buy and sell orders. There are low cost index mutual funds that are the same cost at ETFs...
by Lafder
Thu Jun 08, 2017 10:44 am
Forum: Investing - Help with Personal Investments
Topic: Help With Portfolio
Replies: 2
Views: 227

Re: Help With Portfolio

You sound like you have been very responsible and thoughtful with your finances. I agree moving your money out from under active management so you are not paying extra management fees is a wise choice. 0.75% of 600,000 each and every year is a lot to pay!! You can make a simple 3 fund portfolio or g...
by Lafder
Thu Jun 08, 2017 8:12 am
Forum: Investing - Help with Personal Investments
Topic: How to recover cost basis of Roth IRA?
Replies: 15
Views: 1343

Re: How to recover cost basis of Roth IRA?

I would really consider not buying a house using Roth funds as a down payment source. Roth's are special in that once money is put into them, you never have to pay tax on them again. That will be valuable down the road when the balance has grown. There are also no RMDs on Roths. How long would it ta...
by Lafder
Sun Jun 04, 2017 6:55 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor via Solo 401k
Replies: 14
Views: 986

Re: Backdoor via Solo 401k

Thank you both for that tip. I am surprised no one mentioned it after I complained so much :)
lafder
by Lafder
Sat Jun 03, 2017 1:51 pm
Forum: Investing - Help with Personal Investments
Topic: Advice on 27 year old's portfolio
Replies: 8
Views: 1021

Re: Advice on 27 year old's portfolio

Welcome here! You have a nice simple portfolio. The Target Date Retirement fund will rebalance for you. And you have an impressive nest egg, and annual contributions. I did not hit 100k til over 30 yo. My main concern is the high risk investments you have in your house fund. If you want to spend it ...
by Lafder
Sat Jun 03, 2017 1:11 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor via Solo 401k
Replies: 14
Views: 986

Re: Backdoor via Solo 401k

Yes a solo401k at Fidelity (but not at Vanguard) can accept rollovers from other pretax retirement accounts. You can doublecheck. There was no extra fee for my solo401k. I am not aware of a minimum self employment income to open or fund a solo401k. Even a few hundred dollars a year add up over time!...
by Lafder
Sun May 28, 2017 11:09 pm
Forum: Investing - Help with Personal Investments
Topic: Rollover SEP-IRA Question
Replies: 5
Views: 480

Re: Rollover SEP-IRA Question

Can you roll your SEP to a Rollover IRA then roll that into the work 401k? That would make it a conduit IRA as I read it.

I believe I had to do that to consolidate our accounts.

lafder
by Lafder
Sun May 28, 2017 6:40 pm
Forum: Investing - Help with Personal Investments
Topic: How are my investments?
Replies: 10
Views: 924

Re: How are my investments?

There is a general rec for at least 20% in bonds. They buffer drops more than they slow down gains. And they give you space to rebalance from in big stock market crashes. As far as % International, there are recs from 0-50% of stocks, even some recs for International bonds. So somewhere in there is ...
by Lafder
Sun May 28, 2017 4:13 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth IRA but want to keep SEP-IRA
Replies: 16
Views: 1274

Re: Backdoor Roth IRA but want to keep SEP-IRA

Fidelity solo401k allows you to transfer a SEP into it. Unfortunately a Vanguard solo401k does not allow such a transfer. I was very reluctant to move the bulk of our savings to Fidelity since I have also been happy with Vanguard. However, there are 3 pluses for you if you open a solo401k at Fidelit...
by Lafder
Sun May 28, 2017 1:37 pm
Forum: Investing - Help with Personal Investments
Topic: Rollover a SEP IRA that is preventing backdoor Roth by opening a new solo 401k
Replies: 3
Views: 411

Re: Rollover a SEP IRA that is preventing backdoor Roth by opening a new solo 401k

Would your megacorp take a rollover from a rollover IRA? Couldn't you move your SEP to a rollover IRA then move that into the current 401k? If it is just a few thousand dollars it might not make much difference. Could you move it to an IRA then convert to a Roth as another option if your current emp...
by Lafder
Sun May 28, 2017 1:27 pm
Forum: Investing - Help with Personal Investments
Topic: A more modest inheritance
Replies: 16
Views: 2677

Re: A more modest inheritance

Take the time to post all of your holdings like this https://www.bogleheads.org/forum/viewtopic.php?f=1&t=6212 so we can look at your entire portfolio. You might as well make the most of everything you have. We can not make recs for such a small %of your total portfolio without knowing what you ...
by Lafder
Sat May 27, 2017 7:31 am
Forum: Investing - Help with Personal Investments
Topic: Stepped up basis of farmland
Replies: 9
Views: 797

Re: Stepped up basis of farmland

You are correct that if the land goes to your children as inheritance they get a cost basis of the time of death, so current market value they can sell it without capital gains taxes. Do not give it to them while you are alive, or your cost basis becomes theirs. If they inherit property with a payin...
by Lafder
Sat May 27, 2017 7:24 am
Forum: Investing - Help with Personal Investments
Topic: What Vanguard option for Roth, on top of my 403b?
Replies: 7
Views: 673

Re: What Vanguard option for Roth, on top of my 403b?

Both are funds of funds that rebalance for you to their promised AA if there are market shifts. The main/only difference is that over the years the Life Strategy Funds keep the same AA, and the Target Date Retirement funds increase the % bonds so that by the time they hit the target retirement date ...
by Lafder
Fri May 26, 2017 11:18 pm
Forum: Personal Consumer Issues
Topic: Should I fax or email bank info?
Replies: 18
Views: 1357

Re: Should I fax or email bank info?

As mentioned, every check and deposit slip unique to your account lists the bank routing number and your specific account number so it really is not very secure and private information. I would have emailed too if direct deposit was the only option.
lafder
by Lafder
Fri May 26, 2017 11:01 pm
Forum: Personal Consumer Issues
Topic: Septic Pumping - Did I get ripped off?
Replies: 50
Views: 4865

Re: Septic Pumping - Did I get ripped off?

The way a septic tank with drain field works is that the solid materials settle to the bottom and the liquids go out to the drain field which is often rows of PVC type pipes with small holes in them buried in gravel and covered with dirt. You need to periodically pump the tank or the solids accumula...
by Lafder
Fri May 26, 2017 10:31 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage or Refinance & Invest - Specific Scenario
Replies: 7
Views: 571

Re: Mortgage or Refinance & Invest - Specific Scenario

In eleven years when the mortgage is paid off, you can start investing the same amount as your current mortgage payment each month. I would do that rather than refi to a higher rate and longer term.

lafder
by Lafder
Wed May 24, 2017 7:46 am
Forum: Investing - Help with Personal Investments
Topic: Contribution pre/post/Roth?
Replies: 20
Views: 1331

Re: Contribution pre/post/Roth?

Is your side income eligible for a SEP or solo401k ? They may be worth looking into.
lafder