Search found 1603 matches

by MN Finance
Tue May 31, 2016 10:45 pm
Forum: Investing - Help with Personal Investments
Topic: Zeros for College?
Replies: 5
Views: 1067

Re: Zeros for College?

Not speaking to the bond pricing, but I don't think it's as complicated as you might think. Keep in mind that precision is clearly not necessary since the price of college is far more variable than the investment detail
by MN Finance
Thu May 26, 2016 8:46 pm
Forum: Personal Consumer Issues
Topic: Painting House Interior - How easy to do it yourself?
Replies: 100
Views: 5076

Re: Painting House Interior - How easy to do it yourself?

Painting a little is one thing, but a whole house is another. This TOTALLY depends on your priorities and where u want to spend time. I used to run a painting business so of course I was going to paint my own house. 10 years and 4 kids later my house has never been painted and looks it. I recently h...
by MN Finance
Thu May 26, 2016 8:39 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited IRA with RMDs in peak earning years -- other options?
Replies: 26
Views: 1813

Re: Inherited IRA with RMDs in peak earning years -- other options?

Here's the summary... you can't change the RMDs but there are tons of ways to reduce taxable income. At this point there's nothing but speculation because there's no detail on the situation
by MN Finance
Thu May 26, 2016 8:35 pm
Forum: Personal Finance (Not Investing)
Topic: Work or stay at home mom or change careers
Replies: 52
Views: 3594

Re: Work or stay at home mom or change careers

I didn't read all the posts but want to weigh in. My wife gave up a fairly decent career to stay home. You might have to ask her, but it was probably the best decision of her life. I often wish that I would have been the one to give up/reduce the career to have the family moments some people miss. I...
by MN Finance
Thu May 26, 2016 8:23 pm
Forum: Personal Finance (Not Investing)
Topic: 10% down jumbo loan with no PMI
Replies: 3
Views: 471

Re: 10% down jumbo loan with no PMI

There's no free lunch of course. The likelihood is that they've priced in some additional risk premium on something that's non conforming. You'd have to look at two comparable quotes to really tell the differences. Some of this also depends on the dollar amounts. Liquidating 50k of a 400k non qualif...
by MN Finance
Tue May 24, 2016 11:12 pm
Forum: Investing - Help with Personal Investments
Topic: Sell all my company stock prior to transfer to Vanguard?
Replies: 10
Views: 929

Re: Old 401k has 33% in company stock - what are my options?

Thanks for all your feedback. Does anyone see an issue with just taking the easy road and selling the stock within my old 401k and moving it over to Vanguard into my new 401k? No, there's nothing wrong with it. That said, if the stock is highly appreciated, you could potentially use the strategy me...
by MN Finance
Wed May 18, 2016 8:00 pm
Forum: Personal Finance (Not Investing)
Topic: Pride in no inheritance to kids?
Replies: 233
Views: 380

Re: Pride in no inheritance to kids?

Randomguy said it well. Imo the die is cast. Other than a fairly young death with young kids, if an inheritance negatively impacts the kids, well the kids didn't raise themselves and give themselves their own compass. That said, most reasonable kids would be just as happy to see the money spent by t...
by MN Finance
Tue May 17, 2016 9:52 pm
Forum: Investing - Help with Personal Investments
Topic: Transfer small portion of (Trad.) IRA assets to annuity, now?
Replies: 12
Views: 712

Re: Transfer small portion of (Trad.) IRA assets to annuity, now?

I think what you are missing is that when you decide to annuitize, that is the point that the company will look at your current age, current mortality tables, and discount / interest rate to decide what monthly payment can be provided. I don't believe you can "lock in" anything; the annui...
by MN Finance
Tue May 17, 2016 9:03 pm
Forum: Investing - Help with Personal Investments
Topic: Old stock certificate research help
Replies: 2
Views: 308

Re: Old stock certificate research help

Didn't you Google this?

Appears they merged with Walmart Mexico. You will want to contact the transfer agent which appears to be mellon.

Also just because you have certificates doesn't mean you still own any shares. They could have been sold or transfered.
by MN Finance
Tue May 17, 2016 8:53 pm
Forum: Investing - Help with Personal Investments
Topic: My friend wants to invest money; please review my advice for her
Replies: 44
Views: 3179

Re: My friend wants to invest money; please review my advice for her

I would probably not offer too much advice so you're not dealing with it if something goes wrong. Second, she has no idea how she will feel if she losses half a year's income if the market tanks. Unless she's sure she won't bail, she should be cautious. Third, she doesn't just need to up and invest ...
by MN Finance
Tue May 17, 2016 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: "Don't you dare figure it out on your own!"
Replies: 38
Views: 6461

Re: "Don't you dare figure it out on your own!"

Even when someone wants a fee only planner to help them almost all the responses throw the idea out the window, because why blow a few hundred dollars when making some of the most important decisions of your life. Good Lord.
by MN Finance
Sun May 15, 2016 6:59 am
Forum: Personal Finance (Not Investing)
Topic: Factoring potential inheritance in financial planning
Replies: 17
Views: 1404

Re: Factoring potential inheritance in financial planning

This question comes up periodically. Imo, it's very situation dependent. It can be just as big of a mistake to exclude inheritance dollars as it can be to include them. Excluding a prudently estimated dollar amount of a reasonably assured inheritance for someone who is underfunded or moderately fund...
by MN Finance
Sun May 15, 2016 6:47 am
Forum: Investing - Theory, News & General
Topic: AUM Fees: Who Pays Taxes, and How?
Replies: 19
Views: 1280

Re: AUM Fees: Who Pays Taxes, and How?

Most bogleheads that use advisors use pretty good ones, so I would be certain they can answer the question as it's applicable in your case. Fees from an IRA are not taxable, just like a $8.95 trade fee in the account wouldn't be taxable. Fees in a non qualified account are probably more straightforw...
by MN Finance
Sat May 14, 2016 10:17 pm
Forum: Investing - Theory, News & General
Topic: AUM Fees: Who Pays Taxes, and How?
Replies: 19
Views: 1280

Re: AUM Fees: Who Pays Taxes, and How?

Fees come out of your accounts. That's it. Some custodians will list the fees for non qualified accounts on the 1099 because they're a misc deduction.

There's nothing else to it. Obviously it's not a reportable distribution if it comes from you ira.

Ask your advisor.
by MN Finance
Thu May 12, 2016 10:53 pm
Forum: Investing - Help with Personal Investments
Topic: Help needed: Moving forward after horrible advisor experience
Replies: 21
Views: 2021

Re: Help needed: Moving forward after horrible advisor experience

It's probably an honest mistake, but that's a pretty significant misstatement. The reality is that you signed the contract which I'm sure states very clearly how the death benefit is calculated so there's no legal obligation for them to make you whole. That said, it's probably worth writing a sharpl...
by MN Finance
Thu May 12, 2016 8:11 pm
Forum: Investing - Help with Personal Investments
Topic: Help needed: Moving forward after horrible advisor experience
Replies: 21
Views: 2021

Re: Help needed: Moving forward after horrible advisor experience

All good advice. I would move on and not beat yourself up over the past. Learn from it and realize that nobody cares more about your money than you. Also realize that while there are some great advisors out there, the VAST majority are paid to be salespeople, not advisors. In fact brokers technicall...
by MN Finance
Tue May 10, 2016 1:00 pm
Forum: Personal Consumer Issues
Topic: Gifted math program for 1st grade
Replies: 66
Views: 6530

Re: Gifted math program for 1st grade

Were in a good district with great programing and our 4th grader started into some advanced programing in K or 1st grade (can't remember). Of course they start with test scores and then base the selection on teacher recommendations. I think it amounts to a few hours per week. Initially it started wi...
by MN Finance
Sun May 08, 2016 9:31 pm
Forum: Investing - Help with Personal Investments
Topic: Help with my TIAA retirement plan
Replies: 5
Views: 867

Re: Help with my TIAA retirement plan

I wouldn't pay any attention to the mutual fund v. annuity issue. Annuities get a well deserved bad rap for high expenses but that doesn't apply to TIAA. I think your selection is ok, but it's fairly aggressive. Just make sure you think about how you'd feel if 100k turns into 60k (temporarily) You d...
by MN Finance
Sun May 08, 2016 4:20 pm
Forum: Investing - Help with Personal Investments
Topic: Rollover from Fido --> VG: how much red tape is involved?
Replies: 11
Views: 800

Re: Rollover from Fido --> VG: how much red tape is involved?

It's a couple signatures, copy of a recent account statement and 7 to 10 day turnaround time. Contact VG.
by MN Finance
Sun May 08, 2016 4:17 pm
Forum: Personal Finance (Not Investing)
Topic: What's your take on this advisor situation (moving to another firm)? [Updated]
Replies: 16
Views: 1670

Re: What's your take on this advisor situation (moving to another firm)?

Probably the fee is negotiable as they try to bring on old clients, so I would expect cost to be the same. Moving to the wire house has some benefits because the size and resources are greater than the old firm. That said, there are two areas of concern. One is that the advisor may not have the same...
by MN Finance
Sun May 08, 2016 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: What's your take on this advisor situation (moving to another firm)? [Updated]
Replies: 16
Views: 1670

Re: What's your take on this advisor situation (moving to another firm)?

Several things are obvious 1. The old firm "knows" the advisor left. You can't leave without telling the old firm. 2. It's not "ok" with the old firm if clients follow (unless the old firm was comprised of two unrelated advisors simply sharing overhead costs) 3. It would be rare ...
by MN Finance
Sun May 08, 2016 9:48 am
Forum: Investing - Theory, News & General
Topic: Indexed annuities
Replies: 32
Views: 2133

Re: Indexed annuities

This is a fairly easy decision as long as it's done on the right context. Often the annuity is compared to stocks or some balanced portfolio both in the marketing literature and then in corresponding questions here. That's obviously backwards. First someone decides on their overall risk level incorp...
by MN Finance
Tue May 03, 2016 8:42 pm
Forum: Investing - Help with Personal Investments
Topic: Do you get more SS if you wait, but do not work?
Replies: 20
Views: 3239

Re: Do you get more SS if you wait, but do not work?

He gets more each year he waits, until he's 70. Working or not has nothing to do with that. His benefit is based on two factors: his PIA (which is calculated using his highest 35 years of work history) and his age. If he works and delays his future benefit is probably/possibly higher than if he del...
by MN Finance
Tue May 03, 2016 12:03 pm
Forum: Investing - Theory, News & General
Topic: Stable Value Fees
Replies: 9
Views: 889

Re: Stable Value Fees

You don't look at fees any more than you would with a CFP, unless it's extremely high, in which case you expect the underlying assets to be riskier which is a different risk issue.
by MN Finance
Fri Apr 29, 2016 12:27 pm
Forum: Investing - Help with Personal Investments
Topic: Are these wash sale?
Replies: 5
Views: 334

Re: Are these wash sale?

Yes. I realized that my route 2 is stupid. Thank you! But why I have a wash when buy it back? I remember the wash sale is only triggerred when a loss is realized. Seems unnecessary just to have the dividend paid to the IRA. Secondly when you go back to repurchase ex division, the stock will be trad...
by MN Finance
Thu Apr 28, 2016 6:28 pm
Forum: Investing - Help with Personal Investments
Topic: Are these wash sale?
Replies: 5
Views: 334

Re: Are these wash sale?

Seems unnecessary just to have the dividend paid to the IRA. Secondly when you go back to repurchase ex division, the stock will be trading lower so you'll have a wash on the second transaction. Not that wash sales make any difference anyway, but you'll probably have one.
by MN Finance
Mon Apr 25, 2016 10:31 pm
Forum: Personal Finance (Not Investing)
Topic: Should I Sign This Non-Solicitation Agreement Can This Backfire on Me
Replies: 24
Views: 2189

Re: Should I Sign This Non-Solicitation Agreement Can This Backfire on Me

I would much rather sign a clearly unenforceable provision than one that is less restrictive but easily enforced. I've only had to deal with large cos on this topic, not small, so ymmv but seems unlikely they would change your singular contract. Why would they do that? Further even broaching the cha...
by MN Finance
Sun Apr 24, 2016 3:04 pm
Forum: Personal Finance (Not Investing)
Topic: Self employed estimated taxes on s-corp income
Replies: 3
Views: 396

Re: Self employed estimated taxes on s-corp income

I withhold about 50% of my payroll income and then none from the dividend/non guaranteed payments so that at year end it's all covered.
by MN Finance
Sun Apr 24, 2016 2:59 pm
Forum: Investing - Help with Personal Investments
Topic: Any good Rationale for putting riskier investments in Roth?
Replies: 26
Views: 2333

Re: Any good Rationale for putting riskier investments in Roth?

None of this Roth discussion is bad or wrong, but don't give this too much thought if it's complicated. Some reasonable tax efficient fund placement is worth doing but don't get hung up on this 'risky assets in a roth' thing. It's much a do about nothing. If you place risky assets in a Roth you're a...
by MN Finance
Sat Apr 23, 2016 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: Amending 2014 return on Turbo Tax
Replies: 3
Views: 208

Re: Amending 2014 return on Turbo Tax

Go into forms view and add a form 1040X. Check the top of the form that says 2014. At this point, the 1040x should reflect your existing return. About half way down check the areas you are changing (there is a section called "Manual Selection of Lines Calculated .....) . Then go to the subsidi...
by MN Finance
Sat Apr 23, 2016 1:54 pm
Forum: Investing - Theory, News & General
Topic: Every DFA fund (ex-S&P 500) has underperformed the S&P 500 for the past decade
Replies: 101
Views: 7727

Re: Every DFA fund (ex-S&P 500) has underperformed the S&P 500 for the past decade

. You're title and statements mention DFA, yet your vague conclusion has nothing to do with DFA. You're 1 trying to argue about tilting (ineffectively) and 2 using a decade of one classes out performance to conclude something. This has nothing to do with DFA, so how about craft an evidence based arg...
by MN Finance
Sat Apr 23, 2016 11:31 am
Forum: Personal Finance (Not Investing)
Topic: Amending 2014 return on Turbo Tax
Replies: 3
Views: 208

Amending 2014 return on Turbo Tax

Hi All, I need to amend my 2014 return. I have used TT to file my returns for over a decade so that seems the best route. The problem is that when I went to originally file my 2014 return I could not do so electronically (because of an identify issue with the IRS, so the efile was rejected.) I ended...
by MN Finance
Fri Apr 22, 2016 9:42 pm
Forum: Personal Finance (Not Investing)
Topic: IRA for 10 year old
Replies: 16
Views: 1847

Re: IRA for 10 year old

We use Schwab for our kids' Roths. No fees or minimums and ETFs are just as low/lower cost than VG funds.
by MN Finance
Fri Apr 22, 2016 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: Private Wealth Management (Career Change)
Replies: 43
Views: 3153

Re: Private Wealth Management (Career Change)

Jobs for someone with no experience at a firm that you actually would want to work for (comprehensive tax/estate/retirement planning, reasonable cost to investors, AUM and/or hourly) are going to be non-existent unless your best friend runs one. The primary entry to the marketplace is through a big...
by MN Finance
Fri Apr 22, 2016 10:27 am
Forum: Personal Finance (Not Investing)
Topic: Private Wealth Management (Career Change)
Replies: 43
Views: 3153

Re: Private Wealth Management (Career Change)

Not sure if I see eye to eye on that. He charges 1% of AUM. Carries a maximum of 125 clients, minimum of $1M to invest. He only sells low cost mutual funds / ETF's. The company doesn't mind because he brings in business. Business is the high net worth clients. If he left they'd likely lose his book...
by MN Finance
Fri Apr 22, 2016 10:23 am
Forum: Personal Finance (Not Investing)
Topic: Private Wealth Management (Career Change)
Replies: 43
Views: 3153

Re: Private Wealth Management (Career Change)

Jobs for someone with no experience at a firm that you actually would want to work for (comprehensive tax/estate/retirement planning, reasonable cost to investors, AUM and/or hourly) are going to be non-existent unless your best friend runs one. The primary entry to the marketplace is through a big ...
by MN Finance
Tue Apr 19, 2016 1:46 pm
Forum: Investing - Help with Personal Investments
Topic: Voya Fixed Account 4%
Replies: 11
Views: 1981

Re: Voya Fixed Account 4%

That's a good high rate but not uncommon for a fixed account. I wouldn't be concerned
by MN Finance
Tue Apr 19, 2016 1:42 pm
Forum: Investing - Help with Personal Investments
Topic: Inherited variable annuity - change custodian?
Replies: 6
Views: 543

Re: Inherited variable annuity - change custodian?

You're not going to find a custodian to take the inherited funds. Your best bet it to elect a payout method that fits your situation.

If the current annuity Co has a fixed account, then use that. The interest rate will be defined and you won't be subject to the m&e fees.
by MN Finance
Sun Apr 17, 2016 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: Starting side business: tax questions?
Replies: 1
Views: 259

Re: Starting side business: tax questions?

Sure, you can deduct a business loss on your return. That said, the IRS doesn't allow you to have a business that continues to lose money and deduct the losses. If you lose money 3 out of the last 5 years, they'll classify it as a hobby and deductions aren't allowed. I would search hobby classificat...
by MN Finance
Sat Apr 16, 2016 11:23 pm
Forum: Personal Finance (Not Investing)
Topic: Whole Life - 2nd to Die Policy - what to do??
Replies: 14
Views: 1147

Re: Whole Life - 2nd to Die Policy - what to do??

If you look at it like an investment with a current value of 230k, annual payments of 5k, and in 20 years a future death benefit of 761k, that amounts to a 4.8% tax free return (in the current non guaranteed table, which is probably reasonable.) Of course, you don't know the exact time frame. Many i...
by MN Finance
Sat Apr 16, 2016 8:14 am
Forum: Investing - Help with Personal Investments
Topic: Count TIAA Traditional towards the bond allocation?
Replies: 17
Views: 1021

Re: Count TIAA Traditional towards the bond allocation?

I would count it separately, but I guess that's preference. Ex, a 50/50 allocation might be 50 stock, 25 bond, 25 tiaa. I would prefer a defined, but maybe not precise, allocation to each. Ytd, bonds are up over 3% and tiaa less than 1%. There's value in both.
by MN Finance
Wed Apr 06, 2016 5:50 pm
Forum: Investing - Help with Personal Investments
Topic: Lazy man's portfolio using DFA funds
Replies: 13
Views: 998

Re: Lazy man's portfolio using DFA funds

Just use the corresponding funds in each category. I would use the core funds, especially in taxable. I don't see how that limits control.
by MN Finance
Wed Apr 06, 2016 5:47 pm
Forum: Personal Finance (Not Investing)
Topic: QCDs and state tax
Replies: 12
Views: 646

Re: QCDs and state tax

sarahjane wrote:No charitable deductions in New Jersey.

Is that an add back on the form?
by MN Finance
Wed Apr 06, 2016 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: QCDs and state tax
Replies: 12
Views: 646

Re: QCDs and state tax

What state are you in? Minnesota? I suspect things like this (elimination of deductions, phase out of deductions) will increase in the future as the state & federal budgets get more and more difficult to balance. I believe you can still deduct charitable contributions as usual in MN. They don't...
by MN Finance
Tue Apr 05, 2016 5:34 pm
Forum: Personal Finance (Not Investing)
Topic: QCDs and state tax
Replies: 12
Views: 646

Re: QCDs and state tax

What state are you in? Minnesota? I suspect things like this (elimination of deductions, phase out of deductions) will increase in the future as the state & federal budgets get more and more difficult to balance. I believe you can still deduct charitable contributions as usual in MN. They don't...
by MN Finance
Tue Apr 05, 2016 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: QCDs and state tax
Replies: 12
Views: 646

QCDs and state tax

I just realized that our state adds back in QCDs for state tax, which is potentially a really big deal in both a) the analysis of the decision, and b) potential under withholding liability. Google searches are giving me nothing useful. We actually had to go right to the state tax form to see the add...
by MN Finance
Sat Apr 02, 2016 5:15 pm
Forum: Investing - Help with Personal Investments
Topic: Thoughts on Indexed Annuity?
Replies: 31
Views: 2081

Re: Thoughts on Indexed Annuity?

On balance the complexity and restrictions probably dictate that this is not the right product, but everyone should calm down a bit about the cautions. If we assume that the rates listed are indeed accurate, then a 6.5 and 1.5 cap would historically have returned the following (10 year returns from ...
by MN Finance
Sat Apr 02, 2016 3:34 pm
Forum: Investing - Theory, News & General
Topic: "One Vanguard, Many DFAs"
Replies: 16
Views: 2760

Re: "One Vanguard, Many DFAs"

I don't know why anyone cares, since clearly any allocation to either company will, with a coin flip of who's on top, outpace the other 98 of the top 100 options. The S&P 500 is just as 'active' as a passive, non-'indexed' DFA fund. The arithmetics of passive investing apply to the made up S&...
by MN Finance
Thu Mar 31, 2016 7:22 am
Forum: Investing - Theory, News & General
Topic: Non-annuity, annuity-like instrument
Replies: 3
Views: 453

Re: Non-annuity, annuity-like instrument

Is there such an instrument that has the payout certainty of an annuity, but not the risk of forfeiture. I am thinking that the purchaser of this product would have a guaranteed payout, but that in time, say 30 years, would be paid down to zero. But, unlike an annuity, if the purchaser died (or wan...
by MN Finance
Mon Mar 21, 2016 11:13 pm
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting DFA funds??
Replies: 2
Views: 355

Re: Tax Loss Harvesting DFA funds??

If you are swapping the same funds which are held in the 60 40 fund, I would probably find another option. I'm fairly liberal when looking at TLH, but if you own the same underlying funds that seems to be against the intent of the wash sale rules. You should easily be able to find other options. Sec...

Go to advanced search