Search found 144 matches

by Raabe34
Wed Aug 09, 2017 8:38 pm
Forum: Personal Finance (Not Investing)
Topic: Future Accountant Seeking Advice
Replies: 10
Views: 930

Re: Future Accountant Seeking Advice

Depending on how far you are looking to travel these guys are in your back yard and are truly a class operation. I've known them for 5 years and they seem to treat their employees well.


www.johnsonglaze.com/
by Raabe34
Thu Aug 03, 2017 9:27 am
Forum: Investing - Theory, News & General
Topic: Wells Fargo - what the kittens?
Replies: 36
Views: 2720

Re: Wells Fargo - what the kittens?

I sit on a small non profit board and this winter we went through the process of getting out our endowment funds of 2.2ish million out of Wells Fargo and that was the impetus for us to self manage.

We weren't hurt(we don't think) but this is a pattern and we voted with our feet.
by Raabe34
Tue Aug 01, 2017 5:07 pm
Forum: Investing - Help with Personal Investments
Topic: Buckingham Strategic Wealth Advisers- virtual or local?
Replies: 7
Views: 530

Re: Buckingham Strategic Wealth Advisers- virtual or local?

Interview the local Buckingham guy. It won't be the same as the one transitioning out but they work with some really top shelf people but not all are.
by Raabe34
Mon Jul 31, 2017 11:00 am
Forum: Personal Finance (Not Investing)
Topic: 1035 Annuity Exchange
Replies: 9
Views: 430

Re: 1035 Annuity Exchange

1. You can do that but I don't know why anyone would. If you're going to be earmarking for college this money will not be in very long and you'll also get a preferrable tax treatment from the 529. There will be no tax consequence to surrender I'm 99% sure and if it there is it will be minor. Take yo...
by Raabe34
Mon Jul 24, 2017 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: What's you safety deposit box fee?
Replies: 50
Views: 3140

Re: What's you safety deposit box fee?

$15 for what I would call small(possibly 3"X5"X24") at a medium local bank.
by Raabe34
Tue Jul 11, 2017 9:56 pm
Forum: Investing - Help with Personal Investments
Topic: Variable Annuity
Replies: 5
Views: 501

Re: Variable Annuity

I'm sure it's accurate if the contract is really old. I've seen other company contracts like that and yes it's a true return like a CD. Impossible to get in this environment.

She needs some assets that would grow faster than inflation but this piece is pretty damn good for bonds.
by Raabe34
Fri Jul 07, 2017 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: Residential Home for $125K. Rent for $1,400 / mo.
Replies: 43
Views: 2671

Re: Residential Home for $125K. Rent for $1,400 / mo.

It doesn't fit into a neat asset allocation. You need to look at it as a business purchase because that's really what it is. Whatever you do don't stretch yourself to buy too much too soon as invariably something will have a bad run in rentals(I have 9 units) and you need to be solvent enough to han...
by Raabe34
Fri Jul 07, 2017 9:50 am
Forum: Personal Consumer Issues
Topic: What do you splurge on?
Replies: 133
Views: 11311

Re: What do you splurge on?

Legos - I enjoy and kids enjoy playing with
by Raabe34
Thu Jul 06, 2017 10:45 am
Forum: Personal Finance (Not Investing)
Topic: Pension Payout
Replies: 24
Views: 3075

Re: Pension Payout

If you have good insurability look at structuring some term life on yourself and take the max benefit. I've seen plenty of times where taking the higher # more than pays for 750k of life structured over 20 years.
by Raabe34
Thu Jun 29, 2017 1:21 pm
Forum: Investing - Help with Personal Investments
Topic: Help with 401K admin fees
Replies: 7
Views: 411

Re: Help with 401K admin fees

It appears that you have gotten the plan moved to one that does not charge a % for recordkeeping any longer which is a huge win. I'm guessing that you have a significant balance in the plan and that overall this is not for a megacorp situation. Vanguard has per head costs on the plan even if the pla...
by Raabe34
Mon Jun 19, 2017 12:53 pm
Forum: Investing - Theory, News & General
Topic: Wealthfront ignores own advice; adds Smart-Beta
Replies: 24
Views: 2728

Re: Wealthfront ignores own advice; adds Smart-Beta

Betterment is not close to profitability either. Morningstar had a good piece written maybe 2 years ago now.

The way I see it, it's almost impossible for them to ever achieve profitability and they're just trying to look good enough to get bought.
by Raabe34
Mon Jun 19, 2017 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: Bonus, in bitcoin
Replies: 21
Views: 2052

Re: Bonus, in bitcoin

Depending on the size/type of company, my gut says is that they are trying avoid taxation in sort by doing this. If your spouse likes the job tread lightly through this.
by Raabe34
Fri Jun 16, 2017 9:46 am
Forum: Investing - Theory, News & General
Topic: Wealthfront ignores own advice; adds Smart-Beta
Replies: 24
Views: 2728

Re: Wealthfront ignores own advice; adds Smart-Beta

It's amazing to me that all these robo-advisors seem to be growing at a very good pace, and it seems that traditional money-management firms are taking it on the chins. I don't know how the latter can survive. I disagree. Do the math on the robos, they are burning extremely quickly through their ve...
by Raabe34
Wed Jun 14, 2017 1:49 pm
Forum: Investing - Help with Personal Investments
Topic: 401k Expenses out of line?
Replies: 16
Views: 636

Re: 401k Expenses out of line?

For a smaller plan like that it is most likely not out of line. Typically a plan that size puts all the costs of operating the plan on participants vs the company writing a check for some of that administration work. You'll be in at around 1% annual cost which is not the end of the world. Another op...
by Raabe34
Tue Jun 13, 2017 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: Who takes financial chances and why is this forum so financially conservative?
Replies: 139
Views: 12904

Re: Who takes financial chances and why is this forum so financially conservative?

The thing that doesn't get enough play on this board is inflation. Not everyone should be 100% equity but over a standard 20yr retirement costs will double. That post with the 30 something in a 60-40 is just wrong. If he retires he should have cash for 2 years expenses and be out there much further ...
by Raabe34
Tue Jun 13, 2017 12:10 am
Forum: Investing - Help with Personal Investments
Topic: evaluating a prospective real estate investment
Replies: 10
Views: 979

Re: evaluating a prospective real estate investment

An IRA is most likely a poor option. You lose the depreciation deduction forever and the ability to sell it at capital gains rates later.
by Raabe34
Mon Jun 12, 2017 8:58 am
Forum: Personal Finance (Not Investing)
Topic: Small company 401k
Replies: 30
Views: 1889

Re: Small company 401k

Depending on just what everyone is trying to accomplish you might be able to get it done with a simple. It has lower limits but no cost to administer. That can be setup direct with Vanguard.
by Raabe34
Thu Jun 08, 2017 12:21 pm
Forum: Investing - Theory, News & General
Topic: Chicagoan, 98, donates Walgreen stock bought decades ago.
Replies: 20
Views: 3098

Re: Chicagoan, 98, donates Walgreen stock bought decades ago.

so when shares are donated to company X or person X and they sell them, how does the cost basis work? Would it have been better to donate them after his death via TOD (or something similar) for a stepped up basis? saving the recipient some tax $$? It's not a person or company in this case but a 501...
by Raabe34
Thu Jun 08, 2017 11:13 am
Forum: Investing - Theory, News & General
Topic: Chicagoan, 98, donates Walgreen stock bought decades ago.
Replies: 20
Views: 3098

Re: Chicagoan, 98, donates Walgreen stock bought decades ago.

Born in 1919. Served in WW2. Retired early at 45 in 1964 (among the worst years to retire). 53 years in retirement. Donated to help the environment. Not too shabby! (He gets a pass for holding a concentrated position) I may have missed it in the article but I didn't see anything else on it so I'm g...
by Raabe34
Wed Jun 07, 2017 3:30 pm
Forum: Investing - Help with Personal Investments
Topic: Strange 401k Plan?
Replies: 4
Views: 507

Re: Strange 401k Plan?

You need to ask for a copy of your 404 a 5 participant disclosure. That should spell out all the parties and corresponding cost.

My gut says what you are paying are recordkeeping and custodial charges.
by Raabe34
Sat Jun 03, 2017 10:54 am
Forum: Investing - Help with Personal Investments
Topic: Financial advisor in Houston
Replies: 11
Views: 1512

Re: Financial advisor in Houston

http://www.garrettplanningnetwork.com/

Try using this. They have some really good apples.
by Raabe34
Wed May 24, 2017 3:04 pm
Forum: Investing - Help with Personal Investments
Topic: First attending level job but no 401k offered. What are the options?
Replies: 14
Views: 1540

Re: First attending level job but no 401k offered. What are the options?

I would be pretty skeptical of that Guideline firm. Per their ADV they only have $56 Mil in assets and 1,200 participants. So best case their current revenue is a bit over 115k if they haven't discounted some bigger plans. That is not even close to sustainable in the intermediate term.
by Raabe34
Sat May 20, 2017 9:43 pm
Forum: Personal Finance (Not Investing)
Topic: Use 529 Money Or Not?
Replies: 19
Views: 1635

Re: Use 529 Money Or Not?

Do you have other kids that you could use the 529 on? If not clean that out and avoid paying taxes on it.
by Raabe34
Sat May 20, 2017 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone know what "book" an advisor or insurance salesperson would offer to buy for a prospective client?
Replies: 26
Views: 1634

Re: Anyone know what "book" an advisor or insurance salesperson would offer to buy for a prospective client?

neurosphere wrote:
ObliviousInvestor wrote:If I had to guess, this would be my guess:
http://www.nickmurray.com/bkwealth.htm


Yeah, that would seem one likely candidate, yes.



If it is anything other than that book its a sales pitch.
by Raabe34
Fri May 19, 2017 2:17 pm
Forum: Investing - Help with Personal Investments
Topic: Additional Tax Savings for Employed High Earner?
Replies: 9
Views: 762

Re: Additional Tax Savings for Employed High Earner?

I know this is not popular on this forum but you really ought to think about using a non-qualified variable annuity from Vanguard. It's 30bps for the cost which seems like a heck of a deal in situation. It allows tax deferral into perpetuity and allows you to manage the account without thinking abou...
by Raabe34
Tue May 16, 2017 11:24 am
Forum: Personal Finance (Not Investing)
Topic: Take a reduction in pension?
Replies: 23
Views: 1705

Re: Take a reduction in pension?

If you really feel the need, shop some term life for 10 years and see the difference in payout levels.
by Raabe34
Tue May 09, 2017 10:04 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Lending
Replies: 11
Views: 1113

Re: Portfolio Lending

Try a small community bank. You should be able to pledge the securities if in a taxable account by some sort of form with Vanguard.
by Raabe34
Tue May 09, 2017 4:33 pm
Forum: Personal Finance (Not Investing)
Topic: How to get out of Variable Universal Life Insurance (8 months in)
Replies: 19
Views: 1039

Re: How to get out of Variable Universal Life Insurance (8 months in)

Hi all, 1. Surrender the policy now, and take the $1200 cash surrender value (I will have lost $2800 - not the end of the world, but still annoying). Sunk Cost, need to move on and get what you can currently. The sooner the better. He will fight you on it because he will be charged back against his...
by Raabe34
Tue May 02, 2017 10:33 pm
Forum: Personal Finance (Not Investing)
Topic: Rental property
Replies: 8
Views: 1115

Re: Rental property

Define breakeven. I'm guessing you're making some moves down on principal. Otherwise you would have to be getting the deduction based on depreciation. The idea of paying down a bunch is not bad I've done the same as it's a guaranteed rate of return and you could most likely re-lever the property if ...
by Raabe34
Sat Apr 29, 2017 5:39 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance Questions
Replies: 8
Views: 1215

Re: Life Insurance Questtions

I'm guessing that 5% guarantee is an income rider (pretend balance) and not on the actual account balance. I'm not sure about the details of an ilit but you have the ability to 1035 to a non-qualified annuity that will keep the balance tax deferred. Then you can control when to generate some or all ...
by Raabe34
Sat Apr 29, 2017 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: Recent windfall... Insurance questions (Whole, Term, Disability)
Replies: 26
Views: 1755

Re: Recent windfall... Insurance questions (Whole, Term, Disability)

Should we increase my whole life to $500k? Absolutely not. If you feel the need for more go term. End the cash value policy immediately. - Should we start a $500k whole life for my wife? Absolutely not. - Should we increase our sons? (Perhaps from $100k to either $250k or $500k? We see this as a nic...
by Raabe34
Fri Apr 28, 2017 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth- Did I do it wrong?
Replies: 28
Views: 2123

Re: Backdoor Roth- Did I do it wrong?

You need to do a recharacterization of the conversion to basically undo it(if you did it in 2017). Most 401k plans allow a rollover into them anymore.
by Raabe34
Fri Apr 28, 2017 8:31 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth- Did I do it wrong?
Replies: 28
Views: 2123

Re: Backdoor Roth- Did I do it wrong?

100% sure you did it wrong. Need to clean that IRA out into your current 401k if you want to do it.
by Raabe34
Thu Apr 27, 2017 10:51 pm
Forum: Personal Finance (Not Investing)
Topic: Helping adult children
Replies: 81
Views: 9006

Re: Helping adult children

Wasn't trying to start something but I've literally been in the same situation. I got through cheap school in 3.5 years and my sister spent 4 years @ a private school. We get along great and it isn't an everyday issue but that's nearly 20 years ago and still remember.
by Raabe34
Thu Apr 27, 2017 9:49 pm
Forum: Personal Finance (Not Investing)
Topic: Helping adult children
Replies: 81
Views: 9006

Re: Helping adult children

Two of my parents' children became physicians and one a school teacher. All education costs for the children were paid by parents. The medical education costs were higher than the non medical education. All children were happy that parents paid for the education. There was no separate payment made ...
by Raabe34
Wed Apr 26, 2017 2:57 pm
Forum: Investing - Help with Personal Investments
Topic: How hard is it for company to amend 401k plan?
Replies: 3
Views: 348

Re: How hard is it for company to amend 401k plan?

200-1000 is an accurate range for the update. The reason they didn't explain why tfb said it would be a poor idea is that it effects compliance of the whole plan. So you can read IRS regs and see that anyone should be able to contribute up to 18,000 right? Well that's not always the case. If someone...
by Raabe34
Tue Apr 25, 2017 11:02 pm
Forum: Investing - Help with Personal Investments
Topic: Employer 401(k) Liability
Replies: 13
Views: 1011

Re: Employer 401(k) Liability

Erisa stone - I was not clear. I am concerned about fiduciary liability related to the 401k. Will choosing index funds only (across the key asset classes) and target date funds (which are comprised of index funds) be the best way to minimize any fiduciary liability risk? Will I need a financial adv...
by Raabe34
Mon Apr 17, 2017 4:43 pm
Forum: Investing - Help with Personal Investments
Topic: Thoughts about de-risking 529 investment allocation
Replies: 9
Views: 762

Re: Thoughts about de-risking 529 investment allocation

I would be extremely leery of putting anywhere that amount into TIPS. The inception to date returns on TIPS is 0.22%. I have no faith in their ability to keep pace with inflation and you still have some volatility. I think you're way to conservative and trying to time the thing. The move to the mode...
by Raabe34
Thu Mar 16, 2017 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: S corp - 401K plan - profit sharing
Replies: 130
Views: 4918

Re: S corp - 401K plan - profit sharing

The answer to that is no but depending on how wages and ages are structured you should be able to get it weighted very heavily to the insiders. A good TPA should be running different scenarios for you. If you're doing Safe Harbor matching that will help that calc also. That won't do you any good for...
by Raabe34
Tue Feb 21, 2017 5:50 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with Gold?
Replies: 17
Views: 2047

Re: What to do with Gold?

In holding that gold in an ETF you run into a problem called contango . Look that up and see if you still want to hold it in that manner. I would feel different if you had physical gold but you can't win with etf 's. According to their websites, both ETFs OP mentions, the SPDR Gold Trust , GLD, and...
by Raabe34
Tue Feb 21, 2017 12:01 am
Forum: Investing - Help with Personal Investments
Topic: What to do with Gold?
Replies: 17
Views: 2047

Re: What to do with Gold?

In holding that gold in an ETF you run into a problem called contango . Look that up and see if you still want to hold it in that manner. I would feel different if you had physical gold but you can't win with etf 's. According to their websites, both ETFs OP mentions, the SPDR Gold Trust , GLD, and...
by Raabe34
Mon Feb 20, 2017 10:27 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with Gold?
Replies: 17
Views: 2047

Re: What to do with Gold?

In holding that gold in an ETF you run into a problem called contango. Look that up and see if you still want to hold it in that manner.

I would feel different if you had physical gold but you can't win with etf's.
by Raabe34
Mon Feb 20, 2017 10:09 pm
Forum: Investing - Help with Personal Investments
Topic: The need for bonds if I have a pension?
Replies: 43
Views: 3372

Re: The need for bonds if I have a pension?

My wife teaches in Nebraska and I'm extremely familiar with the pension so I'm going to assume it's similar to your situation. In this case it is an obligation of the state so if that would become an issue I assume the value of most of the other of our assets is wrecked. So yes in our overall AA we ...
by Raabe34
Fri Feb 17, 2017 1:01 am
Forum: Investing - Help with Personal Investments
Topic: Gold vs 401k
Replies: 45
Views: 3401

Re: Gold vs 401k

Yes please buy gold. I will enjoy less dollars going into the market over your lifetime so I can buy cheaper.
by Raabe34
Fri Feb 17, 2017 12:44 am
Forum: Personal Finance (Not Investing)
Topic: 20% low-risk one month return from Thrift Conversions (bank demutualization/IPOs)
Replies: 10
Views: 1351

Re: 20% low-risk one month return from Thrift Conversions (bank demutualization/IPOs)

I did this about 5 years ago with a local bank. It worked out to just short of 100% in return in about a year and I sold then.
by Raabe34
Thu Feb 09, 2017 11:03 am
Forum: Investing - Help with Personal Investments
Topic: backdoor Roth...
Replies: 8
Views: 862

Re: backdoor Roth...

Do you do any freelance work, or lawnmowing ect? If you do you can establish and I401k and then roll it into that plan also.

Taxes on 17k would be notable but not burdensome.
by Raabe34
Thu Feb 09, 2017 10:40 am
Forum: Investing - Help with Personal Investments
Topic: backdoor Roth...
Replies: 8
Views: 862

Re: backdoor Roth...

Think a bit outside the box on your 17k IRA. Is your employer 401k plan decent? If so you could roll it into the plan to avoid having to convert that whole amount and then you're scott free for the back door. In regards to will they close it? Who cares it's open now and they've floated lots of ideas...