Search found 114 matches

by athan
Wed Jun 21, 2017 4:25 pm
Forum: Investing - Help with Personal Investments
Topic: Small Business Owner with Simple IRA. Debating Switch to 401k
Replies: 13
Views: 778

Re: Small Business Owner with Simple IRA. Debating Switch to 401k

Earl Lemongrab wrote:
athan wrote:Vanguard does not charge us anything to run this Simple IRA (other than Institutional shares instead of Admiral).

I think you mean Investor shares.


yes sir
by athan
Tue Jun 20, 2017 8:22 pm
Forum: Investing - Help with Personal Investments
Topic: Small Business Owner with Simple IRA. Debating Switch to 401k
Replies: 13
Views: 778

Re: Small Business Owner with Simple IRA. Debating Switch to 401k

My wife and I would be able to put $18,500 each, instead of $12,500. The maximum employee deferral in a 401k is $18,000 for 2017 not $18,500. 1. Is it worth it to pay these 401k fees in order to save the tax advantaged space? Only you can judge that. 2. Employee Fiduciary allows rollovers from Simp...
by athan
Tue Jun 20, 2017 7:17 pm
Forum: Investing - Help with Personal Investments
Topic: Small Business Owner with Simple IRA. Debating Switch to 401k
Replies: 13
Views: 778

Small Business Owner with Simple IRA. Debating Switch to 401k

I am a current partner 50/50 in a small medical practice. I started and run a Simple IRA through Vanguard for all employees (approximately 12-14 people). Between my wife and I, we can put away $12,500 each per year, and add a 3% match. All employees are currently offered a 3% match of salary. Vangua...
by athan
Mon Jun 19, 2017 3:42 pm
Forum: Personal Finance (Not Investing)
Topic: Negotiating a House Using Seller's Agent (opinions wanted)
Replies: 75
Views: 2776

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

I think OP is playing this right. Houses that are overpriced to begin with take a long time to sell and often I think end up selling for a little less than if they had been priced in line with the market to begin with. People who live in a seller's market where houses often get multiple offers in a...
by athan
Sun Jun 18, 2017 6:05 pm
Forum: Personal Finance (Not Investing)
Topic: Negotiating a House Using Seller's Agent (opinions wanted)
Replies: 75
Views: 2776

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

Also, a house of similar size on the same street just sold for $330,000. The lot is not flat and there is only a 2 car garage, but it would be considered a comp. This would suggest that the home for sale would not appraise high enough for a loan in the range the sellers are asking for. A buyer's ag...
by athan
Sun Jun 18, 2017 5:09 pm
Forum: Personal Finance (Not Investing)
Topic: Negotiating a House Using Seller's Agent (opinions wanted)
Replies: 75
Views: 2776

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

Factoring in the agent's commission, the seller is probably just about getting what they paid for the house back in 2012 with a $393 sale price...not that that has anything to do with the current value of the house. Sometimes, it just takes time for sellers to accept that they are going to lose mon...
by athan
Sun Jun 18, 2017 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: Negotiating a House Using Seller's Agent (opinions wanted)
Replies: 75
Views: 2776

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

Out of curiosity - what is the zestimate for the house? $388,000 Also -what was the avg house price for that area when they bought the house - and what is that average now? $187,000 when bought $196,000 now What is the $/sqft of this property? What are the $/sqft of comparable properties and recent...
by athan
Sun Jun 18, 2017 4:56 pm
Forum: Personal Finance (Not Investing)
Topic: Negotiating a House Using Seller's Agent (opinions wanted)
Replies: 75
Views: 2776

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

No it isn't. The market price is the price that a seller and a buyer agree to a transaction - that they have no other buyers appearing for that price tells you it is not the market price (not any more than the buyers offer is anyway). I think you're searching too hard for semantics while missing th...
by athan
Sun Jun 18, 2017 4:50 pm
Forum: Personal Finance (Not Investing)
Topic: Negotiating a House Using Seller's Agent (opinions wanted)
Replies: 75
Views: 2776

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

rebellovw wrote:Out of curiosity - what is the zestimate for the house?

$388,000

Also -what was the avg house price for that area when they bought the house - and what is that average now?

$187,000 when bought
$196,000 now
by athan
Sun Jun 18, 2017 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: Negotiating a House Using Seller's Agent (opinions wanted)
Replies: 75
Views: 2776

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

Factoring in the agent's commission, the seller is probably just about getting what they paid for the house back in 2012 with a $393 sale price...not that that has anything to do with the current value of the house. Sometimes, it just takes time for sellers to accept that they are going to lose mon...
by athan
Sun Jun 18, 2017 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: Negotiating a House Using Seller's Agent (opinions wanted)
Replies: 75
Views: 2776

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

Write a letter to the owner (now) with your offer and NO commission effective subsequent to the expiration of the listing. Request them to notify you when the listing expires. Subsequent to the listing expiration, both of you go directly to a different escrow (if they have suggested one) and have t...
by athan
Sun Jun 18, 2017 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: Negotiating a House Using Seller's Agent (opinions wanted)
Replies: 75
Views: 2776

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

I too am unsure about exactly what part of the situation you are interested in opinions on. However, what stood out to me is that you are using the seller's agent to negotiate. It is never wise for the same realtor to represent buyer and seller, as that would obviously represent a conflict of inter...
by athan
Sun Jun 18, 2017 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: Negotiating a House Using Seller's Agent (opinions wanted)
Replies: 75
Views: 2776

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

"I know housing markets vary widely, but I don't believe there is a single market in the USA where housing has not appreciated in the last 5 years." Really? No housing markets in the U.S. where housing has not appreciated? I own a townhouse in the same market and know for a fact that I can...
by athan
Sun Jun 18, 2017 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: Negotiating a House Using Seller's Agent (opinions wanted)
Replies: 75
Views: 2776

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

We are looking to buy a house in a smaller town where the housing market is cold. The reason is new houses are being built in the town every day, which drives down the resale value of older houses. We found a house we like in a community with tons of young families like ourselves. The houses range i...
by athan
Mon Jun 12, 2017 6:08 pm
Forum: Investing - Theory, News & General
Topic: Tell me a stock you like better than Google/Alphabet Right Now and Why
Replies: 101
Views: 7220

Re: Tell me a stock you like better than Google/Alphabet Right Now and Why

I invested 5% of portfolio in Tesla around $200 a share. The reason I invested had nothing to do with liking the cars, or having a fondness for the environment. I invested because I believe in the founder. Elon Musk is on a different level from most people, with the exception of a few business leade...
by athan
Sun May 28, 2017 7:12 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone ever use Sebonic Financial for mortgage?
Replies: 14
Views: 37360

Re: Anyone ever use Sebonic Financial for mortgage?

Ok great...sounds like good experiences overall. I will come back to this thread after my mortgage process is complete.
by athan
Sun May 28, 2017 12:27 am
Forum: Personal Finance (Not Investing)
Topic: Anyone ever use Sebonic Financial for mortgage?
Replies: 14
Views: 37360

Re: Anyone ever use Sebonic Financial for mortgage?

I figured I'd resurrect this thread from six feet under since i am debating using Sebonic Financial for a new home purchase. I have talked with Sebonic and also Academy mortgage (have used in past refinance). The difference is approximately 0.25 on a 15 year fixed rate, which comes out to a little u...
by athan
Mon May 15, 2017 10:38 pm
Forum: Personal Finance (Not Investing)
Topic: Online Mortgage For Lower Rate?
Replies: 10
Views: 1231

Re: Online Mortgage For Lower Rate?

So someone from Sebonic (online company) called me and seemed on top of things. The only thing I didn't love was the fact I would have to find my own title company. Anyone have history with Sebonic, or with using their recommended title company?
by athan
Sun May 14, 2017 6:43 pm
Forum: Personal Finance (Not Investing)
Topic: Online Mortgage For Lower Rate?
Replies: 10
Views: 1231

Online Mortgage For Lower Rate?

I would love some opinions on my situation. My wife and I have found a house we want to put an offer on. It has been on the market since Friday, and we'd like to move fast. We live in a small town that has a cold real estate market, so we will not be offering full price. The full price is around $41...
by athan
Thu May 04, 2017 9:03 pm
Forum: Investing - Theory, News & General
Topic: Morningstar article--Service Complaints Aside, Investors See Value at Vanguard
Replies: 10
Views: 804

Re: Vanguard Servicing

I have to say, since transferring my money to Vanguard two years ago, I have never had a bad experience when calling Vanguard. My issues have been resolved quickly and professionally. If I did not read bogleheads comments, I would believe their customer service is exceptional.
by athan
Thu Apr 06, 2017 10:09 pm
Forum: Personal Finance (Not Investing)
Topic: MAGI above Roth cutoff by $103, what to do?
Replies: 22
Views: 2322

Re: MAGI above Roth cutoff by $103, what to do?

Well, the 5329 needs to be filed to pay the excise tax, as small as it is. Leaving the excess in the account will trigger that tax with no statute of limitations. The 5329 for the year of the excess is to pay the excise tax, for the next year the purpose is to apply the excess to that year to end t...
by athan
Thu Apr 06, 2017 5:48 pm
Forum: Personal Finance (Not Investing)
Topic: MAGI above Roth cutoff by $103, what to do?
Replies: 22
Views: 2322

Re: MAGI above Roth cutoff by $103, what to do?

If you expect to be eligible for a Roth contribution in 2017, while there are several options for you, I will go with your accountant here. If you leave the $50 excess in your Roth for 2016, you will each owe an excise tax of $3 on a Form 5329 for each of you. You each then contribute $50 less than...
by athan
Wed Apr 05, 2017 6:37 pm
Forum: Personal Finance (Not Investing)
Topic: MAGI above Roth cutoff by $103, what to do?
Replies: 22
Views: 2322

Re: MAGI above Roth cutoff by $103, what to do?

There should be a formula to figure out how much that will reduce your allowed contribution, it will only be a few dollars. Then you go to you your IRA custodian and do a 'removal of excess contributions' withdrawal. It should be fairly straightforward. So the formula says to take off $50 from my R...
by athan
Wed Apr 05, 2017 5:30 pm
Forum: Personal Finance (Not Investing)
Topic: MAGI above Roth cutoff by $103, what to do?
Replies: 22
Views: 2322

MAGI above Roth cutoff by $103, what to do?

My wife and I already contributed the full amounts to our Roth accounts for 2016. I did not think we would reach the magic number of $184,000. Turns out I was wrong and our MAGI was $184,103. What should I do? Is it worth worrying about for $103? Will it trigger something from the IRS?
by athan
Sat Apr 01, 2017 6:04 pm
Forum: Investing - Help with Personal Investments
Topic: Dividend Stock In Roth
Replies: 5
Views: 590

Re: Dividend Stock In Roth

i agree with the tax loss harvesting aspect being lost, however, i believe there are non qualified dividends with this stock that would be taxed at normal income. I am trying to avoid paying these taxes.
by athan
Sat Apr 01, 2017 2:21 pm
Forum: Investing - Help with Personal Investments
Topic: Dividend Stock In Roth
Replies: 5
Views: 590

Dividend Stock In Roth

This week I traded in some Vanguard Total Stock Market Index in my Roth account to invest in a small oil company I have been watching for awhile (AWLCF). The amount is only 3% of my portfolio, so I am willing to take the risk. I like this company because of their strong management and financials. Th...
by athan
Thu Mar 30, 2017 7:53 pm
Forum: Personal Consumer Issues
Topic: What to see in Philly?
Replies: 32
Views: 2081

Re: What to see in Philly?

Reading Terminal Market for lunch. I would probably just walk from there to Rittenhouse Square down either Walnut or Chestnut Streets. Lots of stores and great people watching.
by athan
Fri Mar 24, 2017 11:20 pm
Forum: Personal Consumer Issues
Topic: What to do with $100???
Replies: 78
Views: 5814

Re: What to do with $100???

Tickets:
-sporting event
-concert
-train,bus
-movies
-comedy club
-ski lift
-just speed constantly until you get a ticket
by athan
Fri Mar 24, 2017 6:11 pm
Forum: Personal Consumer Issues
Topic: Bank mobile e-payment to another person. Good as it seems?
Replies: 14
Views: 803

Re: Bank mobile e-payment to another person. Good as it seems?

I use PayPal. No fees. All you have to do is link a bank account.
by athan
Tue Feb 28, 2017 9:41 pm
Forum: Personal Finance (Not Investing)
Topic: Best type of loan to finance addition
Replies: 0
Views: 207

Best type of loan to finance addition

My brother is looking to add an addition to his house, and was wondering the best way to finance. I thought a HELOC was the way to go. Are there better options I can let him know about?
by athan
Sun Feb 26, 2017 8:31 am
Forum: Personal Consumer Issues
Topic: Feline Achilles' tendon injury
Replies: 20
Views: 1490

Re: Feline Achilles' tendon injury

Has anyone ever had an experience with the referenced issue? Our cat injured her hind paw today, and the emergency vet confirmed nothing broken, but a potential Achilles' tendon rupture. The ortho surgeon indicated surgery in the $4500 - $6500 range. The cat is indoor only, excepting only occasiona...
by athan
Thu Feb 23, 2017 6:52 pm
Forum: Investing - Help with Personal Investments
Topic: Account transfer
Replies: 6
Views: 312

Re: Account transfer

Thanks for the info ... at this point there are no messages (or forms to be signed) waiting for me in my messages on the vanguard site. I just sent the question to them via the messaging system (please expect a 2 day response time). I will have to call tomorrow but this is not as smooth as I had ex...
by athan
Thu Feb 23, 2017 6:29 pm
Forum: Investing - Help with Personal Investments
Topic: Account transfer
Replies: 6
Views: 312

Re: Account transfer

Sounds like you should call Vanguard. When I transferred some accounts to them a few years ago, I found it easier to just call to make sure things were straight.
by athan
Sat Feb 11, 2017 7:56 pm
Forum: Personal Consumer Issues
Topic: Fender Bender No Damage (should we tell insurance company?)
Replies: 11
Views: 1084

Re: Fender Bender No Damage (should we tell insurance company?)

In that relatively lucky situation, I think what I'd do is write down everything I remembered about the incident, sign and date that paper, and be thankful that it wasn't worse. Thanks Teague...my wife's friend took a video of the interaction with the other driver....then after he left she realized...
by athan
Sat Feb 11, 2017 7:43 pm
Forum: Personal Consumer Issues
Topic: Fender Bender No Damage (should we tell insurance company?)
Replies: 11
Views: 1084

Re: Fender Bender No Damage (should we tell insurance company?)

Have the undercarriage checked for hidden damage on your vehicle. This can be done by any local body shop(normally at no charge). I would be ready to inspect the damage with them if any is found. If your vehicle was rear-ended, not all of the damage is easily seen. The hitch may have been the only ...
by athan
Sat Feb 11, 2017 7:20 pm
Forum: Personal Consumer Issues
Topic: Fender Bender No Damage (should we tell insurance company?)
Replies: 11
Views: 1084

Fender Bender No Damage (should we tell insurance company?)

My wife is currently out with friends, and a car hit our SUV from behind. According to my wife there is no damage to our car except a scratch on the towing hitch. The other car had some damage. No information was exchanged, and everyone seemed ok. Of course she should have exchanged info, and taken ...
by athan
Thu Feb 09, 2017 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: Thoughts on buying a house from a colleague
Replies: 37
Views: 3445

Re: Thoughts on buying a house from a colleague

Our housing market is ice cold according to Zillow. My question to you bogleheads is: how low an offer should we put in to the people who are asking $390,000, and need to be out by end of summer? Would it be better to offer all cash (have my parents finance and pay them back monthly). Again, we are...
by athan
Thu Feb 09, 2017 5:18 pm
Forum: Personal Finance (Not Investing)
Topic: Thoughts on buying a house from a colleague
Replies: 37
Views: 3445

Re: Thoughts on buying a house from a colleague

Well, you are kinda stuck. At first glance your wife wants a $465K house and you want a $350K house. A realtor won't help you with that situation but since you aren't familiar with what's on the market it is going to be hard for you to know whether the seller's $465K ask is reasonable. Since you ar...
by athan
Wed Feb 01, 2017 8:34 pm
Forum: Investing - Help with Personal Investments
Topic: Help My Mom Invest $500,000 of Inherited Money
Replies: 13
Views: 1520

Re: Help My Mom Invest $500,000 of Inherited Money

Just because it is "found money" does not mean it should be spent any differently from money earned through hard work or accumulated over time. If they got the money from selling their business or selling their house, would they invest it differently? Regardless of the source, they should...
by athan
Wed Feb 01, 2017 7:42 pm
Forum: Investing - Help with Personal Investments
Topic: Help My Mom Invest $500,000 of Inherited Money
Replies: 13
Views: 1520

Re: Help My Mom Invest $500,000 of Inherited Money

Look...my Mom is gonna spend the money she wants on home improvements. I'm not arguing with her as it is her money. My parents live in a beautiful house which could benefit from some updating. Plus it will make her happy. They are both 65 years old and still work. She runs a relatively profitable s...
by athan
Wed Feb 01, 2017 6:47 pm
Forum: Investing - Help with Personal Investments
Topic: Help My Mom Invest $500,000 of Inherited Money
Replies: 13
Views: 1520

Re: Help My Mom Invest $500,000 of Inherited Money

Look...my Mom is gonna spend the money she wants on home improvements. I'm not arguing with her as it is her money. My parents live in a beautiful house which could benefit from some updating. Plus it will make her happy. They are both 65 years old and still work. She runs a relatively profitable sm...
by athan
Wed Feb 01, 2017 6:21 pm
Forum: Investing - Help with Personal Investments
Topic: Help My Mom Invest $500,000 of Inherited Money
Replies: 13
Views: 1520

Help My Mom Invest $500,000 of Inherited Money

So my Mom took care of her uncle and he recently passed away and left her $500,000. The majority was in a bank account, and is still sitting in that account earning nothing. This past week I helped her set up an online bank account and we are transferring $225,000 to that account, so at least she wi...
by athan
Sat Jan 21, 2017 1:06 am
Forum: Personal Finance (Not Investing)
Topic: Thoughts on buying a house from a colleague
Replies: 37
Views: 3445

Re: Thoughts on buying a house from a colleague

She took it upon herself to find the address of the house from mutual friends. She then drove by the house today. Then she got out and knocked on the door! The dentist's wife answered, and my wife introduced herself. They were packing for their trip to Florida (leave tomorrow), but let my wife in t...
by athan
Fri Jan 20, 2017 11:16 am
Forum: Personal Finance (Not Investing)
Topic: Thoughts on buying a house from a colleague
Replies: 37
Views: 3445

Re: Thoughts on buying a house from a colleague

My thoughts are simplistic. You have a paid for home now, and no real need to move for five years. You have $70,000 in savings to use as a down payment right now. With a $200,000 income, and a paid for residence, I would think you would be able to aggressively save for the next 5 years and have, at...
by athan
Thu Jan 19, 2017 9:38 pm
Forum: Personal Finance (Not Investing)
Topic: Thoughts on buying a house from a colleague
Replies: 37
Views: 3445

Re: Thoughts on buying a house from a colleague

Ok...here is an update. Originally the dentist told me he was going to Florida for a few weeks, and would email me when he got home. However, this wasn't good enough for my "get things done" wife. She took it upon herself to find the address of the house from mutual friends. She then drove...
by athan
Mon Jan 16, 2017 8:07 pm
Forum: Personal Finance (Not Investing)
Topic: Thoughts on buying a house from a colleague
Replies: 37
Views: 3445

Re: Thoughts on buying a house from a colleague

If you buy without realtors you need to know how to do due diligence to protect yourself. Survey? House inspection? Title insurance? Mortgage contingency? Expansive soils? Septic tanks? Radon? Whatever else there is in your area? If you know all this you are good. If not, you could get burned. The ...
by athan
Mon Jan 16, 2017 8:01 pm
Forum: Personal Finance (Not Investing)
Topic: Thoughts on buying a house from a colleague
Replies: 37
Views: 3445

Re: Thoughts on buying a house from a colleague

Go for it!!!

Any chance the seller wants to "downsize" to your townhouse? :sharebeer[/quote]

HAHAHA.....I actually thought about this.
by athan
Mon Jan 16, 2017 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: Thoughts on buying a house from a colleague
Replies: 37
Views: 3445

Re: Thoughts on buying a house from a colleague

Not complete advice/information - but a few thoughts - 1. Is this house in the price range that you can afford? Can you qualify for a mortgage sufficient to buy this house? [color=#0040FF]The surrounding houses in the neighborhood go anywhere from $350,000 to $550,000. My salary is around $200,000 p...
by athan
Mon Jan 16, 2017 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: Thoughts on buying a house from a colleague
Replies: 37
Views: 3445

Thoughts on buying a house from a colleague

My wife and I have been passively looking online at houses in our town, with the idea of moving in approximately 5 years. We have two small children and currently live in a townhouse. I love it because I can walk to work, but also understand that we will need to upgrade at some point. Today I got an...
by athan
Mon Jan 02, 2017 5:18 pm
Forum: Investing - Help with Personal Investments
Topic: HSA Conundrums
Replies: 6
Views: 1019

Re: HSA Conundrums

I use Benefit Wallet. It is important that you keep over $1000 balance in their checking account so they don't charge fees. You also need to make sure they are not sending paper statements, to avoid fees. After that I invest 50% VTSMX (0.17) and 50% NAESX (0.23). They do not offer Admiral shares for...

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