Search found 1513 matches

by MN Finance
Sat Jan 30, 2016 3:20 pm
Forum: Personal Consumer Issues
Topic: Unwinding day old terrible car deal for mother-in-law
Replies: 186
Views: 15655

Re: Unwinding day old terrible car deal for mother-in-law

The piece I would explain very practically is that they have 2 choices. They can figure out how to unwind the purchase, acknowledging that you might not be made precisely 100% whole. Or second, she keeps the car and never makes a payment because she doesn't have the income. She has no concern for he...
by MN Finance
Tue Jan 19, 2016 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: Rollovers and Roth IRA Annuities
Replies: 6
Views: 389

Re: Rollovers and Roth IRA Annuities

Obviously you can do this, and it's far from complicated. You buy a SPIA with your Roth. The primary benefit of the SPIA is the longevity insurance. Given that, it seems unnecessary to buy an annuity with payments beyond what you need to live on. Simply lower the dollar amount so you don't need to d...
by MN Finance
Sat Jan 16, 2016 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: Neighbors - retired, with low income, high home equity
Replies: 25
Views: 4070

Re: Neighbors - retired, with low income, high home equity

You basically described the case study for a reverse mortgage. They don't want a raw deal but they can't eat their house unless they capitalize it first.
by MN Finance
Sat Jan 16, 2016 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security question
Replies: 12
Views: 1263

Re: Social Security question

Thank you all. Just to confirm, I don't know his PIA but it's close to the max, so the 800 I referenced is probably 2400 in half and then reduced 75% which gets her to 800. She'd then get 500 plus 300 to bring it to 800 (or whatever the specifics are.) I hadn't thought of him filling a restricted ap...
by MN Finance
Sat Jan 16, 2016 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: Form an Entity?
Replies: 1
Views: 181

Re: Form an Entity?

Forming an entity is separate from tax filling. For example you start an LLC which has certain features as an entity but by default it's taxed the same as if you formed no entity and you just filled as a sole proprietor. You can "elect" to then have your entity taxed as an S-Corp instead o...
by MN Finance
Sat Jan 16, 2016 10:17 am
Forum: Personal Finance (Not Investing)
Topic: Social Security question
Replies: 12
Views: 1263

Re: Social Security question

So are you agreeing that her benefit is permanently 500 or that when her spouse files she is entitled to an increase now that she's eligible for spousal benefits and it's now 800?
by MN Finance
Fri Jan 15, 2016 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security question
Replies: 12
Views: 1263

Social Security question

I thought I understood this entirely, but I'm either wrong or momentarily confused. I spoke with someone today. She started taking her own SS benefit at 62, say it was 500/mo. He plans to file and suspend next week when he turns 66. Because she is also now 66, she believes she can switch to spousal ...
by MN Finance
Tue Jan 12, 2016 9:04 pm
Forum: Investing - Help with Personal Investments
Topic: Managing HUGE Windfalls (Have read the Wiki)
Replies: 4
Views: 816

Re: Managing HUGE Windfalls (Have read the Wiki)

The good news is that you won't need to worry about it. Beyond that, managing 500M is not much different than 20M since your deploying the same principles. The only exception might be on the investment side where someone might choose to build a portfolio of private equity with some funds, higher ris...
by MN Finance
Sat Jan 09, 2016 9:48 pm
Forum: Investing - Help with Personal Investments
Topic: Muni Spread for odd lots - rebalancing
Replies: 8
Views: 575

Re: Muni Spread for odd lots - rebalancing

First, since your rebalancing band is arbitrary anyway, then just don't do anything when you hit it if you don't want. Give yourself another arbitrary band -a time band that gives you a month to rebalance. Second, I would always use a fund or etf for a portion of your bonds strictly for liquidity. S...
by MN Finance
Sat Jan 09, 2016 9:20 pm
Forum: Investing - Help with Personal Investments
Topic: I just lost $200,000 last week. Please help me.
Replies: 82
Views: 13780

Re: I just lost $200,000 last week. Please help me.

A wealth of great replies. Tough advice but the summary is spot on: try to forget the past, implement a portfolio you can live with, then don't look at it. Not a perfect analogy, but I don't ever (ever) look at the weather forecasts. I have a life to lead and just go about it regardless. When I open...
by MN Finance
Sat Jan 09, 2016 1:37 pm
Forum: Investing - Theory, News & General
Topic: I'm curious if over-weighting equity investors still ok?
Replies: 92
Views: 6544

Re: I'm curious if over-weighting equity investors still ok?

My 4 year olds Roth is 100% EM. I'm trying to hide the statements from him so he doesn't panic
by MN Finance
Fri Jan 08, 2016 10:07 pm
Forum: Investing - Help with Personal Investments
Topic: 529 for unborn child
Replies: 10
Views: 882

Re: 529 for unborn child

This would all be fine, but keep in mind the benefit is extremely modest. So if there is any complexity to executing it I would forget it. Maybe you save $500 in taxes over a 5 year period, then subtract the added cost of a 529. Meh.

How much would you invest?
by MN Finance
Fri Jan 08, 2016 9:39 pm
Forum: Investing - Theory, News & General
Topic: SP500 "reverse tilt"
Replies: 33
Views: 2318

Re: SP500 "reverse tilt"

Maybe an unimportant initial observation. You said you're NOT under/over weighting sectors, but that's exactly what you're doing because you're talking about implementing this with a portion of your money, leaving the other portion invested in the segments your crystal ball has determined will under...
by MN Finance
Thu Jan 07, 2016 9:37 pm
Forum: Investing - Help with Personal Investments
Topic: HELP Selling $325,000 of my mothers RMUNX Rochester NY MUNI need advice
Replies: 15
Views: 1162

Re: HELP Selling $325,000 of my mothers RMUNX Rochester NY MUNI need advice

You're so totally off base. You said you just want help replacing this muni fund. That's clearly a mistake because your mom's whole portfolio matters, not this fund. I don't ask my doctor to examine one part of my body. Second, you're suggesting replacing a muni fund with a combo of stocks and bonds...
by MN Finance
Thu Jan 07, 2016 9:18 pm
Forum: Investing - Theory, News & General
Topic: Buying opportunity - Blow EF and buy??
Replies: 17
Views: 1602

Re: Buying opportunity - Blow EF and buy??

How about you wait for an actual decline before you back up the wagon. I don't think a couple down days qualifies
by MN Finance
Tue Jan 05, 2016 8:59 pm
Forum: Investing - Help with Personal Investments
Topic: Charitable Foundation-Advisor
Replies: 4
Views: 201

Re: Charitable Foundation-Advisor

Obviously you can manage it yourself. That said, if it avoids headaches and arguments and increases some protection, then hire someone. You can probably find a good RIA to manage that for 30-50bps (and use VG, DFA, et al) which would probably be fine.
by MN Finance
Tue Jan 05, 2016 8:48 pm
Forum: Personal Consumer Issues
Topic: What to do with my Audi A3 TDI
Replies: 54
Views: 3508

Re: What to do with my Audi A3 TDI

You are awaiting a "fix" but I can't seem to understated the "problem". Is diesel the problem?

You bought an A3 because the salesperson said it's ahead of it's time?

I'm totally lost.
by MN Finance
Tue Jan 05, 2016 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: Inheritance estimate inclusion in net worth?
Replies: 19
Views: 1917

Re: Inheritance estimate inclusion in net worth?

Ignoring it can be just as big of a mistake as including it. Both can lead to poor decision making which are equally as damaging. You just need to make reasonable assumptions.
by MN Finance
Tue Jan 05, 2016 4:01 pm
Forum: Personal Consumer Issues
Topic: How do you keep your young kids busy/occupied?
Replies: 37
Views: 2766

Re: How do you keep your young kids busy/occupied?

We "make" our kids do at least one sport and one music activity. Your youngest probably can't do a formal music lesson yet, but the oldest can. They're probably both right for starting sports. Ice skating lessons are good at this age. Not sure about the outside thing. Ours spent 6 hrs outs...
by MN Finance
Sat Jan 02, 2016 9:31 am
Forum: Personal Consumer Issues
Topic: Housing Dilemma (Might want 4th BR with 3 kids)
Replies: 26
Views: 2519

Re: Housing Dilemma (Might want 4th BR with 3 kids)

If you want a bigger house and can afford it, then of course get a bigger house. However, the idea that all the kids needs their own bedroom is ludicrous. Its also clearly not something you would take action on before actually having all the kids.
by MN Finance
Thu Dec 24, 2015 2:00 pm
Forum: Investing - Help with Personal Investments
Topic: Allocation to 5% Guaranteed Product
Replies: 16
Views: 1184

Re: Allocation to 5% Guaranteed Product

I can't answer you question regarding the tipping point. Clearly this is an above market rate so there must be some risk.
by MN Finance
Tue Dec 22, 2015 11:55 pm
Forum: Investing - Help with Personal Investments
Topic: ROTH IRA account for my kids
Replies: 6
Views: 646

Re: ROTH IRA account for my kids

Schwab has no minimums which is what we used for our kids, though the amounts would've been larger anyway. Can use etfs which are as low or lower cost than VG funds.
by MN Finance
Tue Dec 22, 2015 5:46 pm
Forum: Investing - Help with Personal Investments
Topic: Tricky RMD Question
Replies: 10
Views: 1014

Re: Tricky RMD Question

You basically have two options 1. Roll the amount of the 401k RMD back to the 401k and then take it all out as an RMD. However it's highly likely the plan provider will no longer accept the rollover back in, but you should check because this is the right way to do it. Since this is your begin year o...
by MN Finance
Sun Dec 20, 2015 5:30 pm
Forum: Personal Finance (Not Investing)
Topic: QCDs have been made permanent [Qualified Charitable Distributions]
Replies: 21
Views: 1660

Re: QCDs have been made permanent

If someone is planning a large gift and would otherwise run against the 5 year carryover for cash, the QCD gives them more room.
by MN Finance
Thu Dec 17, 2015 10:08 pm
Forum: Investing - Help with Personal Investments
Topic: Fed Rate Increase - Impact on Bond Investments
Replies: 3
Views: 621

Re: Fed Rate Increase - Impact on Bond Investments

Expectations are already factored in and it's impossible to predict what will happen. Maybe sounds cliche but that's it. A good data point is that when the Fed raised rates, the 10 year treasury increased in value. Who knew. Stick with your plan and don't worry about rates/bonds. Anything that happe...
by MN Finance
Thu Dec 17, 2015 9:36 pm
Forum: Investing - Help with Personal Investments
Topic: where to put cash out refi?
Replies: 68
Views: 3228

Re: where to put cash out refi?

Sounds like you have it all figured out, good luck
by MN Finance
Thu Dec 17, 2015 9:16 pm
Forum: Investing - Help with Personal Investments
Topic: where to put cash out refi?
Replies: 68
Views: 3228

Re: where to put cash out refi?

Well, excuse me. Insults are unnecessary. I'll ask one of our staff attorneys tomorrow what they think, since they set up LLCs frequently. First. You asked a simple investment question with zero background. And you didn't get replies that answered your question. Why? Because the 'why' matters when a...
by MN Finance
Thu Dec 17, 2015 8:30 pm
Forum: Investing - Help with Personal Investments
Topic: where to put cash out refi?
Replies: 68
Views: 3228

Re: where to put cash out refi?

The reason there are skeptical replies is that most older posters here also have significant portfolios but I'm guessing none have done this. And for good reason. I advise investors for a living who's average net worth is 3-5M, maybe not where you are, but high enough. There's zero probability I wou...
by MN Finance
Thu Dec 17, 2015 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: Can I Afford an $800k Home on $4K/month Take Home?
Replies: 146
Views: 11058

Re: Can I Afford an $800k Home on $4K/month Take Home?

I guess the replies are expected because it's kind of an extreme question, but I think everyone should breathe. I think it's probably a mistake because the unknown increase in cost might move the breakeven cash flow slightly red, but it's not the end of the world. And I've never met a professor that...
by MN Finance
Tue Dec 15, 2015 10:46 pm
Forum: Personal Finance (Not Investing)
Topic: Why can you only put half your money in a Vanguard Variable Annuity?
Replies: 2
Views: 634

Re: Why can you only put half your money in a Vanguard Variable Annuity?

The product sale has to meet certain regulatory requirements designed for consumer protection. As such every firm will place controls on how much is invested and in what ways To answer your question, there's no rule by anyone that "you can only put half your money" in the annuity, so it's ...
by MN Finance
Tue Dec 15, 2015 9:00 pm
Forum: Investing - Help with Personal Investments
Topic: Married filing separately Roth issues
Replies: 2
Views: 313

Re: Married filing separately Roth issues

I guess you have to decide if 700 in tax savings is worth having your money grow in a Roth instead of outside it. It probably is, but that's a lot of money. If so, you'll need to file an amended return
by MN Finance
Tue Dec 15, 2015 8:42 pm
Forum: Investing - Help with Personal Investments
Topic: 40k car + 110k stock purchase as an alternative to a 150k sports car purchase?
Replies: 29
Views: 1229

Re: 40k car + 110k stock purchase as an alternative to a 150k sports car purchase?

I don't really care what you do with your money, so I won't comment on your plan. But clearly it's a waste of time to post ideas like this here when there are a thousand chat boards you could post on. Clearly you're bored and need to be entertained (evidence by your financial plan and this thread wh...
by MN Finance
Mon Dec 14, 2015 2:29 pm
Forum: Investing - Help with Personal Investments
Topic: Desperately need advice - sold business, what now?
Replies: 17
Views: 1726

Re: Desperately need advice - sold business, what now?

The real point of this thread is how do you help someone invest who is afraid of the stock market? He is afraid to invest it in the stock market, since he lost a lot back when the market crashed. Can you tell us more about this event? What was he originally invested in (stock, bonds, mutual funds, ...
by MN Finance
Sat Dec 12, 2015 6:09 pm
Forum: Investing - Help with Personal Investments
Topic: Desperately need advice - sold business, what now?
Replies: 17
Views: 1726

Re: Desperately need advice - sold business, what now?

I would research a fee only planner in his area, paid hourly, and accompany him. Get some independent advice. It's going to take a human being with experience to actually ascertain what his actual risk tolerance is and what he needs to do to accomplish his goals. At the end of it all, putting a ton ...
by MN Finance
Sat Dec 12, 2015 5:44 pm
Forum: Investing - Help with Personal Investments
Topic: Substantially identical
Replies: 26
Views: 1663

Re: Substantially identical

Possibly an interesting question is how do advisors who manage tax loss harvesting for clients determine these things? They would have to be on the hook for correct tax law decisions regarding replacement shares. I wonder what Vanguard would say if their PAS does TLH for clients? I can tell you as ...
by MN Finance
Sat Dec 12, 2015 12:57 pm
Forum: Investing - Theory, News & General
Topic: why don't bogleheads use closed end bond funds?
Replies: 18
Views: 1980

Re: why don't bogleheads use closed end bond funds?

If the discount is 10 and the ER is 1, and you hold for 10 years then your cost is about zero, close to a low cost open ended vanguard fund. Fine. However all the while you are carrying significant leverage risk. Discounts basically persist forever so the idea of only holding until the discount narr...
by MN Finance
Wed Dec 09, 2015 8:55 pm
Forum: Personal Finance (Not Investing)
Topic: How much money should I leave my kids?
Replies: 59
Views: 5781

Re: How much money should I leave my kids?

The die is obviously cast, so this is an irritating question. If they can't handle high six figures then something went wrong along the way which you can't fix. Just like in life, money follows your values. If you don't value and inheritance, so be it. If you don't give to charity now it would be si...
by MN Finance
Tue Dec 08, 2015 10:06 pm
Forum: Personal Finance (Not Investing)
Topic: How much money should I leave my kids?
Replies: 59
Views: 5781

Re: How much money should I leave my kids?

Are you looking for actual advice??
by MN Finance
Tue Dec 08, 2015 10:00 pm
Forum: Personal Finance (Not Investing)
Topic: What percentage of account to cost basis step up after death of spouse.
Replies: 13
Views: 882

Re: What percentage of account to cost basis step up after death of spouse.

The answer will depend on the trust. In all likelihood if it's a joint trust (where they were both grantors, and presumably ttees) then it gets a half step-up. If it was an individual trust, then it likely gets a full step-up. In my experience, present company excluded, the overwhelming majority of ...
by MN Finance
Tue Dec 08, 2015 9:45 pm
Forum: Personal Finance (Not Investing)
Topic: Can an investment company charge a fee to rollover a 401k?
Replies: 14
Views: 628

Re: Can an investment company charge a fee to rollover a 401k?

Yes, they charge a fee. No, you shouldn't waste time worrying about it.

No, Vanguard can't initiate the rollover.

No, assets can't be moved in-kind.
by MN Finance
Sun Dec 06, 2015 10:21 am
Forum: Personal Finance (Not Investing)
Topic: A car nicer than the boss?
Replies: 169
Views: 11140

Re: A car nicer than the boss?

If you were a project manager or in sales you could probably drive whatever but in a visible position it matters a lot. Any Bently or Jag (even older or low end models) carry a stigma. In addition high end German cars will carry that as well. You have to go with an everyman luxury car like an S6 or ...
by MN Finance
Sat Dec 05, 2015 9:38 am
Forum: Investing - Help with Personal Investments
Topic: 72T silly question
Replies: 5
Views: 820

Re: 72T silly question

Let's clarify this. You can/should absolutely invest all of your money in your desired investment mix. You do not need to actually have a cash/mmkt account. You just need/want to take distributions by selling/distributing shares and not by taking the distribution in-kind. It's not as complicated as ...
by MN Finance
Sat Dec 05, 2015 9:25 am
Forum: Investing - Help with Personal Investments
Topic: Using RMD method for SEPP / 72(t) Withdrawal
Replies: 4
Views: 432

Re: Using RMD method for SEPP / 72(t) Withdrawal

The tables don't change.

Well, they could but it would be a legislative change. I think they were updated about 20 years ago, but not sure the timing. Obviously nothing you need to worry about
by MN Finance
Fri Dec 04, 2015 10:53 pm
Forum: Investing - Help with Personal Investments
Topic: Leveraging a commercial real estate in SF
Replies: 7
Views: 798

Re: Leveraging a commercial real estate in SF

You trying to arbitrage the difference between a guaranteed 4.75 cost with an uncertain variable after tax return. I would want to be pretty certain of my upside. You said you "project" a 7% return. How exactly did you do that? I expect there to be sold methodology if you're risking 2M on ...
by MN Finance
Thu Dec 03, 2015 8:14 pm
Forum: Investing - Theory, News & General
Topic: Inherited RMD strategy
Replies: 10
Views: 850

Re: Inherited RMD strategy

The answer to your question is that it makes absolutely zero difference, especially given the amount of money. I would just take it once, probably at the end of the year. I think it would be counter productive on a 300k account to take out more than the RMD, which should compound nicely as bond spac...
by MN Finance
Thu Dec 03, 2015 8:04 pm
Forum: Investing - Theory, News & General
Topic: Teaching investment theory to a child
Replies: 30
Views: 1263

Re: Teaching investment theory to a child

This website gives a nice guide as bench marks for children to learn about money: http://moneyasyougrow.org/ This is good. Notice how much is devoted to choosing investments and how they work. Ya, none. Almost every investor in the world focuses on the implementation, while most here know it's the ...
by MN Finance
Thu Dec 03, 2015 7:02 pm
Forum: Investing - Theory, News & General
Topic: Teaching investment theory to a child
Replies: 30
Views: 1263

Re: Teaching investment theory to a child

You should be commended for starting him early. Really the greatest benefit of being a boglehead is that you're bound to teach your children some of the most important lessons of their life. That said, it's probably a mistake, or maybe simply unfruitful to hope he learns anything from investing this...
by MN Finance
Wed Dec 02, 2015 7:01 pm
Forum: Investing - Help with Personal Investments
Topic: "Sin stocks"
Replies: 42
Views: 4995

Re: "Sin stocks"

I run an investment firm and about a quarter of our clients request SRI screens. For many years I would advocate for investing in un screened vehicles and then taking money to donate to local causes that support their values, rather than just screening out. I think this argument is effective but som...

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