Search found 27 matches

by Righty
Tue Feb 06, 2018 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: First Time Home Buyer / Tax Deferment Question
Replies: 11
Views: 517

Re: First Time Home Buyer / Tax Deferment Question

chevca wrote: ↑
Tue Feb 06, 2018 1:14 pm
What tax liability? If you make a withdrawal this way, there is none.
There is no 10% early withdrawal penalty, but it is still taxable at ordinary rates like any other IRA distribution
by Righty
Tue Feb 06, 2018 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: First Time Home Buyer / Tax Deferment Question
Replies: 11
Views: 517

Re: First Time Home Buyer / Tax Deferment Question

None of these plans push your tax bill to a later date. I don't know what you feel you're moving around tax wise. This strategy would effectively "push" the tax bill to 2018 if the 2017 contribution was made with the express purpose of parking down payment funds for use at a future date. Contributi...
by Righty
Tue Feb 06, 2018 11:58 am
Forum: Personal Finance (Not Investing)
Topic: First Time Home Buyer / Tax Deferment Question
Replies: 11
Views: 517

Re: First Time Home Buyer / Tax Deferment Question

Updated OP to make the post specific rather than conceptual
by Righty
Tue Feb 06, 2018 11:13 am
Forum: Personal Finance (Not Investing)
Topic: First Time Home Buyer / Tax Deferment Question
Replies: 11
Views: 517

Re: First Time Home Buyer / Tax Deferment Question

assume you mean Traditional IRAs and your income is under the deduction limit. yes Sounds like there's lots of unknowns for you guys though. I would just pay the tax bill and move on, if it's complicated and unknown. Doesn't seem that complicated? The only unknown would be whether we actually buy a...
by Righty
Tue Feb 06, 2018 10:16 am
Forum: Personal Finance (Not Investing)
Topic: First Time Home Buyer / Tax Deferment Question
Replies: 11
Views: 517

First Time Home Buyer / Tax Deferment Question

Hello - quick question I wanted to run by the forum - I think it makes sense but just wanted another set of eyes (e.g. does this make sense?). For 2017 we will need to pay around $2800 in taxes (another story - my wife didn't fill out her w4 correctly). We are planning to buy a home in 2018 and have...
by Righty
Wed Sep 20, 2017 3:29 pm
Forum: Investing - Theory, News & General
Topic: Any "average Joe" here actually make out well with individual stocks?
Replies: 108
Views: 14124

Re: Any "average Joe" here actually make out well with individual stocks?

In a past life I worked in an occupation that gave me insight into a wide variety of clients' investment accounts - many of the investors who were doing very well were invested in individual stocks. The wrinkle - these people are not trying to find the next "hot stock" or chasing returns. They are ...
by Righty
Wed Sep 20, 2017 9:15 am
Forum: Investing - Theory, News & General
Topic: Any "average Joe" here actually make out well with individual stocks?
Replies: 108
Views: 14124

Re: Any "average Joe" here actually make out well with individual stocks?

In a past life I worked in an occupation that gave me insight into a wide variety of clients' investment accounts - many of the investors who were doing very well were invested in individual stocks. The wrinkle - these people are not trying to find the next "hot stock" or chasing returns. They are b...
by Righty
Fri Aug 18, 2017 9:21 am
Forum: Investing - Theory, News & General
Topic: USAA Closing my Roth - Question on Account Closing Fee
Replies: 10
Views: 2311

USAA Closing my Roth - Question on Account Closing Fee

Hello, Wondering if anyone has experience something similar: I received an email today from USAA that they will be automatically closing my Roth IRA since it has less than $500 in it (seems like they are culling small accounts across the board). In fact - it only has $10 in it - which I deposited to...
by Righty
Tue Aug 01, 2017 11:10 am
Forum: Personal Finance (Not Investing)
Topic: Finance as a college major?
Replies: 50
Views: 5228

Re: Finance as a college major?

If your alma mater happens to be PC (based on your profile picture), I'd say there is likely a strong undercurrent of those interested in studying finance. Same could be said, for lack of a better term, any "preppy" new england school that is traditionally liberal arts oriented. I think the biggest ...
by Righty
Wed Jul 26, 2017 10:51 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Killing an Emerging Market Canard
Replies: 9
Views: 2062

Re: Larry Swedroe: Killing an Emerging Market Canard

I don't have the energy to write up my real answer - but here is the quick answer: 1. I'd want to confirm his performance percentiles are vs. peer groups, not at the EM category level 2. I don't agree with his premise that because a fund doesn't participate in "individual stock selection or market t...
by Righty
Wed Jul 26, 2017 10:19 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Killing an Emerging Market Canard
Replies: 9
Views: 2062

Re: Larry Swedroe: Killing an Emerging Market Canard

Misleading article full of bias (despite his disclosure)
by Righty
Tue Jul 25, 2017 11:47 am
Forum: Investing - Help with Personal Investments
Topic: Financial Adviser Free !
Replies: 14
Views: 2175

Re: Financial Adviser Free !

limeyx wrote:Strangely my wife today asked me if I was nervous and I told her no.
Perhaps a follow up discussion is order with your wife. While you are not nervous - there is the possibility she is nervous - hence her question.
by Righty
Wed Jun 21, 2017 8:33 pm
Forum: Investing - Help with Personal Investments
Topic: Financial advisor question
Replies: 58
Views: 5981

Re: Financial advisor question

OP - please remember to take what you read here with a grain of salt. The last two posts are not appropriate benchmarks for what you have - a fee-based account with actively managed funds. Buckingham charges a similar advisory fee given the dedicated, in-person advisor model but implements portfolio...
by Righty
Wed Jun 21, 2017 1:57 pm
Forum: Investing - Help with Personal Investments
Topic: Financial advisor question
Replies: 58
Views: 5981

Re: Financial advisor question

I'm sorry you're in this situation and I'm sure you're feeling some remorse for not being more involved over the past few years. My advice would follow Meg77s - it is not apparent that this advisor is pulling a fast one on you or that you are being vastly overcharged (compared to industry norms). Yo...
by Righty
Mon Jun 19, 2017 11:52 am
Forum: Personal Consumer Issues
Topic: Charleston and Savannah
Replies: 6
Views: 1276

Re: Charleston and Savannah

How long is the trip? How are you getting there?

I could make the case based on the above answers that you "can-miss" Savannah altogether.
by Righty
Fri Jun 09, 2017 8:43 am
Forum: Personal Consumer Issues
Topic: Babson College
Replies: 30
Views: 3452

Re: Babson College

bluebolt wrote:I've worked at many companies in the Boston area. Babson undergrads and MBAs are highly regarded and have a strong network around here.
Much past NY the name recognition drops off, so really depends on your son's plan for after school.
by Righty
Fri Mar 24, 2017 10:02 am
Forum: Personal Consumer Issues
Topic: Help Overcoming a Lead Paint Phobia
Replies: 32
Views: 3161

Re: Help Overcoming a Lead Paint Phobia

Lead can also be a problem in the water due to the solder on BRAND NEW pipes for the first few years too, FYI
by Righty
Thu Jan 19, 2017 1:20 pm
Forum: Investing - Help with Personal Investments
Topic: Questions to ask Financial Advisor about moms investments
Replies: 29
Views: 2170

Re: Questions to ask Financial Advisor about moms investments

Doesn't seem like a terrible income oriented allocation. I only looked quickly but seems weighted avg expense ration would be in the 70-80 bps range? Comparing this portfolio to VTSAX is not really a fair comparison imho.
by Righty
Thu Sep 15, 2016 11:18 am
Forum: Personal Finance (Not Investing)
Topic: Student Loan Refi vs. Mortgage Timing
Replies: 4
Views: 431

Re: Student Loan Refi vs. Mortgage Timing

Thanks, Cybernut. While the monthly payments seem quite high - DTI will not be a challenge for us. Perhaps I should clarify my question - my concern is more around credit-worthiness changes - hard pulls on credit, large new account vs. varied older, smaller accounts that I close. Essentially - when ...
by Righty
Thu Sep 15, 2016 9:57 am
Forum: Personal Finance (Not Investing)
Topic: Student Loan Refi vs. Mortgage Timing
Replies: 4
Views: 431

Student Loan Refi vs. Mortgage Timing

Hello, My wife and I have student loans from undergrad/grad school from private and federal sources at generally unfavorable rates. Refinancing with a place like SoFi is a no-brainer for our situation. We are also planning to purchase a home in the Feb-April time frame next year. My question is arou...
by Righty
Tue May 17, 2016 2:46 pm
Forum: Investing - Theory, News & General
Topic: Hypothetical Roth IRA Question
Replies: 3
Views: 385

Hypothetical Roth IRA Question

Since you can take out contributions from a Roth at any point with no penalty (not the gains though), has anyone considered stuffing their account during the year and making sure to end with only $5,500 in contributions? If you were to transfer in $50-$100K throughout the year you could potentially ...
by Righty
Fri Apr 15, 2016 9:50 am
Forum: Investing - Theory, News & General
Topic: Odd difference in portfolio between Total International ETFs
Replies: 6
Views: 700

Re: Odd difference in portfolio between Total International ETFs

This one is fairly straightforward - each track a different benchmark. iShares tracks an MSCI benchmark while Vanguard tracks a FTSE benchmark. Each index is constructed of different weightings and potentially different companies - though they'll be fairly close over time.
by Righty
Sun Apr 03, 2016 9:33 am
Forum: Personal Consumer Issues
Topic: Living in/near New Haven CT
Replies: 21
Views: 2337

Re: Living in/near New Haven CT

Milford without a doubt. For that price she could have a spot on the water in a safe town.
by Righty
Mon Mar 28, 2016 9:01 am
Forum: Personal Finance (Not Investing)
Topic: Unwanted cold call from Mass Mutual agent
Replies: 46
Views: 4801

Re: Unwanted cold call from Mass Mutual agent

I get their name, the company and I have their phone number on my cell. I then file a complaint with the National Do Not Call Registry, which probably means nothing, but does make me feel better. It would do absolutely nothing in this case if Mass Mutual is a "partner" company for the OP's school d...
by Righty
Sun Mar 27, 2016 9:29 am
Forum: Personal Finance (Not Investing)
Topic: Unwanted cold call from Mass Mutual agent
Replies: 46
Views: 4801

Re: Unwanted cold call from Mass Mutual agent

Do you know what vendors provide the retirement plans at your school? My wife is always hit up by the firms who are on her 403(b) plan. In those instances, the advisors are given the info by the district themselves since the advisors are providing "servicing" and "participant education".
by Righty
Tue Mar 22, 2016 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: Changing careers to finance mid 30's
Replies: 40
Views: 5159

Re: Changing careers to finance mid 30's

OP is a good candidate for business school given ambitions. Unique background (Costa Rica, chef, etc) will open doors if played right at a top ten school (critical - only way this works). Afterwards, banking is likely out (too old) but definitely potential on the buy side. If you can spin a good sto...