Search found 564 matches

by boglerocks
Fri Mar 09, 2018 7:19 am
Forum: Personal Finance (Not Investing)
Topic: Anonymous/Private LLC?
Replies: 2
Views: 369

Anonymous/Private LLC?

I'd like to make investments via an LLC instead of as an individual and I'd like to prevent my identity from being associated with the LLC in any public records. My lawyer wants to do this by forming two LLCs, one which would serve as member of the other. Is there a better/simpler way to accomplish ...
by boglerocks
Wed Mar 07, 2018 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: Personal umbrella quotes
Replies: 4
Views: 605

Re: Personal umbrella quotes

Should the amount of personal umbrella coverage be equal to your net worth?

Any opinions on Nationwide vs Bass?
by boglerocks
Wed Mar 07, 2018 8:02 am
Forum: Personal Finance (Not Investing)
Topic: Personal umbrella quotes
Replies: 4
Views: 605

Re: Personal umbrella quotes

My broker does provide a lot of service and handles any communication between myself and the various insurance companies I have policies with which I really appreciate.
by boglerocks
Tue Mar 06, 2018 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: Personal umbrella quotes
Replies: 4
Views: 605

Personal umbrella quotes

For personal umbrella insurance my broker is giving me a choice between Nationwide or Bass with a USLI excess policy on top of one of those. Should either be ok?
by boglerocks
Fri Feb 23, 2018 9:37 am
Forum: Personal Finance (Not Investing)
Topic: Giving up on first home
Replies: 43
Views: 4709

Re: Giving up on first home

Thanks to everyone here. We're going to bail out due to some safety issues uncovered. Such an awful experience and makes us want to rent forever. Will be processing this for awhile.
by boglerocks
Wed Feb 21, 2018 8:49 am
Forum: Personal Finance (Not Investing)
Topic: Giving up on first home
Replies: 43
Views: 4709

Re: Giving up on first home

I would love to pay other people to do them. How is that done typically? On a large property I can imagine spending all of my time just hiring, coordinating, and managing various contractors. Plus dealing with neighbors, HOA, government entities, lawyers, etc.
by boglerocks
Tue Feb 20, 2018 10:25 pm
Forum: Personal Finance (Not Investing)
Topic: Giving up on first home
Replies: 43
Views: 4709

Re: Giving up on first home

I do want the good parts of buying a home but I feel like my eyes have been opened to everything else which looks to be extensive. The property checks all of our boxes which is rare but yeah maybe it doesn't feel right any more. It's expensive so I hired a lawyer who hires out some of the work to ot...
by boglerocks
Tue Feb 20, 2018 10:04 pm
Forum: Personal Finance (Not Investing)
Topic: Giving up on first home
Replies: 43
Views: 4709

Re: Giving up on first home

You're right, I have put a ton of time and effort into this so far but I feel like there is still a huge mountain to climb and then when I'm owner it looks like the real "fun" begins... and never ends. Basically I feel like my life will be a lot simpler and easier if I drop it.
by boglerocks
Tue Feb 20, 2018 9:47 pm
Forum: Personal Finance (Not Investing)
Topic: Giving up on first home
Replies: 43
Views: 4709

Giving up on first home

I'm in escrow buying my first home and totally overwhelmed. Between my realtor pulling one way, my lawyers pulling another way, dealing with the seller, disclosures, and inspections I'm thinking of calling it quits. I have the distinct feeling that I'm about to take on a mountain of responsibility a...
by boglerocks
Wed Feb 14, 2018 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: Institutional Trustee?
Replies: 7
Views: 502

Re: Institutional Trustee?

I'd be up for that. I should have the same estate planning lawyer that drafted the trust serve as the trustee?
by boglerocks
Wed Feb 14, 2018 4:43 pm
Forum: Personal Finance (Not Investing)
Topic: Institutional Trustee?
Replies: 7
Views: 502

Re: Institutional Trustee?

It turns out Chicago Title Land Trust Company only deals with Illinois property. Any other recommendations for this? I'm in California.
by boglerocks
Tue Feb 13, 2018 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: Institutional Trustee?
Replies: 7
Views: 502

Re: Institutional Trustee?

I've discovered the same thing regarding banks.

Will check on Chicago Title Land Trust Company.
by boglerocks
Tue Feb 13, 2018 5:28 pm
Forum: Personal Finance (Not Investing)
Topic: Institutional Trustee?
Replies: 7
Views: 502

Institutional Trustee?

I'm setting up a trust to hold property I will own which I don't want my name tied to publicly. Would an institutional trustee be a sound choice for this trust?

Can anyone recommend a company to provide this type of service?
by boglerocks
Wed Jan 24, 2018 6:36 pm
Forum: Personal Finance (Not Investing)
Topic: Personal Umbrella insurance
Replies: 11
Views: 1323

Re: Personal Umbrella insurance

My broker says Nationwide will only do up to $5m but he knows another company who will do up to $10m. Does anyone know of a company who will do more than $10m? These can't be stacked, right?
by boglerocks
Wed Jan 24, 2018 8:11 am
Forum: Personal Finance (Not Investing)
Topic: Personal Umbrella insurance
Replies: 11
Views: 1323

Re: Personal Umbrella insurance

Good stuff, thanks guys. I suppose I should get something that covers myself, my wife, and our kids?
by boglerocks
Wed Jan 24, 2018 6:17 am
Forum: Personal Finance (Not Investing)
Topic: Personal Umbrella insurance
Replies: 11
Views: 1323

Personal Umbrella insurance

I'm told that I should buy personal umbrella insurance and my broker has given me a few quotes from Nationwide. How should I determine the amount of coverage I need? Should it be a function of my net worth?

Anything to watch out for with these policies?
by boglerocks
Wed Jan 10, 2018 11:56 am
Forum: Personal Finance (Not Investing)
Topic: Health insurance without the hassle?
Replies: 25
Views: 2653

Re: Health insurance without the hassle?

There is no Kaiser in my area but there is another integrated health provider which seems to only exist in this area. Any tips for evaluating them? Do some people sign up for an integrated health plan to benefit from the efficiency and also maintain some kind of a backup conventional health insuranc...
by boglerocks
Tue Jan 09, 2018 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: Health insurance without the hassle?
Replies: 25
Views: 2653

Re: Health insurance without the hassle?

I'm going to give Kaiser some more thought. There's a lot to like about it. It's just scary to not be able to choose from a wide network of doctors. My broker quoted me some plans that are off-exchange and a little over twice as expensive as comparable on-exchange plans. Does anyone know what the pr...
by boglerocks
Sun Dec 31, 2017 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: Health insurance without the hassle?
Replies: 25
Views: 2653

Re: Health insurance without the hassle?

I'm somewhat suspicious of Kaiser because in this case I feel like I'm trying to get away from the socialized aspects of the system I'm in. What if the best doctor for something isn't with Kaiser? Or what if the Kaiser doctor for something is not great? These aren't rhetorical questions. Is paying o...
by boglerocks
Sun Dec 31, 2017 9:36 am
Forum: Personal Finance (Not Investing)
Topic: Health insurance without the hassle?
Replies: 25
Views: 2653

Health insurance without the hassle?

My Anthem plan was canceled this year as part of them pulling out of certain areas. I was re-enrolled in a Blue Shield plan which has caused several big hassles. Do I have any options for more expensive health insurance that isn't subject to these types of games? I'm in California. I've heard that b...
by boglerocks
Wed Nov 01, 2017 6:25 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in an LLC
Replies: 4
Views: 518

Investing in an LLC

I've heard that there are tax and liability considerations when investing in an LLC that don't exist when investing in a C corporation. Does anyone know how that works?
by boglerocks
Sat Oct 21, 2017 11:59 am
Forum: Investing - Help with Personal Investments
Topic: Tax optimization for stock sales
Replies: 4
Views: 611

Re: Tax optimization for stock sales

You do not, for example, want to maximize short term losses only to have those offset long term gains when you could have managed to offset ordinary income at a high tax rate or perhaps short term gains with those losses. I can't imagine being able to affect those kinds of outcomes with this tool. ...
by boglerocks
Fri Oct 20, 2017 6:02 pm
Forum: Investing - Theory, News & General
Topic: Interactive Brokers: closing out non-base currencies
Replies: 4
Views: 1404

Re: Interactive Brokers: closing out non-base currencies

I think what I actually wanted to do here was get rid of my "virtual positions". I did that by logging into TWS, going to the account window and then down to virtual positions, and right clicking and setting both average cost and position to zero.
by boglerocks
Fri Oct 20, 2017 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: Returning only the signature page [of a legal document]
Replies: 12
Views: 1598

Returning only the signature page [of a legal document]

It seems to be very much standard practice to sign and email back only the signature page when finalizing an agreement electronically. I'm always puzzled by this but I do it anyway. Does this ever lead to disputes over the content of the agreement?
by boglerocks
Fri Oct 20, 2017 5:42 pm
Forum: Personal Finance (Not Investing)
Topic: Is savings a substitute for life/disability insurance?
Replies: 3
Views: 361

Is savings a substitute for life/disability insurance?

Is a large savings a good substitute for life insurance and/or disability insurance? For example, savings equal to or greater than the insurance payout? Extrapolating, do the uber-rich carry these policies?
by boglerocks
Fri Oct 20, 2017 5:25 pm
Forum: Investing - Help with Personal Investments
Topic: Tax optimization for stock sales
Replies: 4
Views: 611

Tax optimization for stock sales

My brokerage (Interactive Brokers) has a "Tax Optimizer" that you can run within 2 days of selling stock that lets you specify the strategy you want to use to match buys and sells for tax purposes. I like the strategy "Maximize Short-Term Loss" and I set that as the default strategy for my account. ...
by boglerocks
Mon Jun 26, 2017 1:20 am
Forum: Investing - Help with Personal Investments
Topic: VC fund -- 160 pages?
Replies: 7
Views: 1164

Re: VC fund -- 160 pages?

Thanks for your help everyone!
by boglerocks
Mon Jun 26, 2017 1:18 am
Forum: Personal Finance (Not Investing)
Topic: "Disruptive" life insurance
Replies: 8
Views: 1726

Re: "Disruptive" life insurance

Thank you everyone. Sounds like I should stick with the conventional stuff.
by boglerocks
Sun Jun 25, 2017 4:06 am
Forum: Personal Finance (Not Investing)
Topic: "Disruptive" life insurance
Replies: 8
Views: 1726

"Disruptive" life insurance

What do you think of "disruptive" life insurance companies like these: https://meetfabric.com/ https://www.ladderlife.com/ They claim to be quick and easy to sign up with. I've been trying to find the time to fill out a conventional life insurance application (and go back and forth with my broker wi...
by boglerocks
Wed May 31, 2017 6:09 pm
Forum: Investing - Help with Personal Investments
Topic: VC fund -- 160 pages?
Replies: 7
Views: 1164

Re: VC fund -- 160 pages?

Is losing my investment the worst thing that could happen? Or do these funds sometimes require you to pony up more cash later on? This is partly a networking/resume deal for me.
by boglerocks
Wed May 31, 2017 5:25 pm
Forum: Investing - Help with Personal Investments
Topic: VC fund -- 160 pages?
Replies: 7
Views: 1164

VC fund -- 160 pages?

In the past I've made a couple of private equity deals directly with the companies I've invested in and in both cases I carefully read the terms of the agreement until I was sure I understood it. Those agreements were under about 12 pages. I'm planning to buy into a well-known VC fund and I just rec...
by boglerocks
Fri May 05, 2017 2:22 pm
Forum: Investing - Help with Personal Investments
Topic: Digital signatures & private equity investment
Replies: 5
Views: 628

Re: Digital signatures & private equity investment

If this were something to be concerned about I'm sure you guys would know. Thanks!
by boglerocks
Thu May 04, 2017 4:48 pm
Forum: Investing - Help with Personal Investments
Topic: Digital signatures & private equity investment
Replies: 5
Views: 628

Re: Digital signatures & private equity investment

Well I'm concerned that a manually scanned in digital signature wouldn't hold up in court later if it ever came to that. Don't worry about it?
by boglerocks
Thu May 04, 2017 10:49 am
Forum: Investing - Theory, News & General
Topic: Interactive Brokers: closing out non-base currencies
Replies: 4
Views: 1404

Re: Interactive Brokers: closing out non-base currencies

Any way to do this outside of TWS? IB says these are "virtual currency positions". I don't really get it.
by boglerocks
Thu May 04, 2017 10:48 am
Forum: Investing - Help with Personal Investments
Topic: Digital signatures & private equity investment
Replies: 5
Views: 628

Digital signatures & private equity investment

I've made a couple of private equity investments recently, both parties signed the agreement for one via Docusign and both signed the agreement for the other via "manual" digital signatures. I won't receive a hard copy of either, only digital copies. Is that alright?
by boglerocks
Sun Feb 12, 2017 4:59 am
Forum: Investing - Theory, News & General
Topic: Interactive Brokers: closing out non-base currencies
Replies: 4
Views: 1404

Re: Interactive Brokers: closing out non-base currencies

I actually don't use TWS, I use Webtrader. I'm afraid of running a big java app like TWS. I should have specified that. I'm looking for a way to do this in Account Management I suppose. If I can't do that, should I just hold a big chunk of foreign currency in Positions forever in order to zero out a...
by boglerocks
Fri Feb 10, 2017 4:33 pm
Forum: Investing - Theory, News & General
Topic: Interactive Brokers: closing out non-base currencies
Replies: 4
Views: 1404

Interactive Brokers: closing out non-base currencies

Does anyone know how to get rid of non-base currency positions in Interactive Brokers without borrowing? I somehow have a negative AUD balance in my account unless I buy AUD to zero it, but then those AUD holdings show up under my Positions. I don't have any AUD stock so I shouldn't have to have AUD...
by boglerocks
Fri Jan 13, 2017 8:48 am
Forum: Personal Finance (Not Investing)
Topic: Anthem Blue Cross "primary care physician matching" for PPO
Replies: 0
Views: 300

Anthem Blue Cross "primary care physician matching" for PPO

Did anyone else receive the notice from Anthem about primary care physician matching for PPO plans? I'm suspicious. It sounds like they're moving PPO plans in an HMO direction even though they say they aren't.
by boglerocks
Thu Jan 05, 2017 4:51 pm
Forum: Investing - Help with Personal Investments
Topic: Moving an IRA to another brokerage
Replies: 16
Views: 1885

Re: Moving an IRA to another brokerage

I'm told this is because borrowing (foreign currencies for example) is not allowed in IRA accounts.
by boglerocks
Mon Jan 02, 2017 7:13 am
Forum: Investing - Theory, News & General
Topic: Case study Broker trade executions
Replies: 246
Views: 27697

Re: Case study Broker trade executions

FWIW I love Interactive Brokers. Just started rolling my IRAs over there too. First one went off without a hitch. Been with them about a year and execution quality still sometimes surprises me.
by boglerocks
Sat Dec 31, 2016 9:45 am
Forum: Personal Finance (Not Investing)
Topic: Convert to LLC in the middle of 2017?
Replies: 19
Views: 1860

Re: Convert to LLC in the middle of 2017?

oktax, thank you for that info. I saw on the news last night that the Trump administration will propose to change the top tax bracket for corporations to 20% from 35%. If that comes to pass, every small business owner like me would benefit from a SMLLC with C Corp election for the reasons I've outli...
by boglerocks
Fri Dec 30, 2016 10:57 am
Forum: Personal Finance (Not Investing)
Topic: Convert to LLC in the middle of 2017?
Replies: 19
Views: 1860

Re: Convert to LLC in the middle of 2017?

It does feel like overkill. Can I convert the sole prop to an LLC now and elect for C corp tax treatment at some point down the road?
by boglerocks
Fri Dec 30, 2016 5:54 am
Forum: Personal Finance (Not Investing)
Topic: Convert to LLC in the middle of 2017?
Replies: 19
Views: 1860

Re: Convert to LLC in the middle of 2017?

That's what I need to ask my CPA about. I want to understand how much control it is permissible to exert over when business income is realized personally from a C corp. It's likely that I don't go the C corp route but I want to make an informed decision.
by boglerocks
Thu Dec 29, 2016 9:43 am
Forum: Personal Finance (Not Investing)
Topic: Convert to LLC in the middle of 2017?
Replies: 19
Views: 1860

Re: Convert to LLC in the middle of 2017?

The point is to gain flexibility. If I don't want to be taxed at obscene corporate levels then I can realize all of the company's profits in the form of salary and bonuses and the corporation will not be taxed at all.
by boglerocks
Thu Dec 29, 2016 9:23 am
Forum: Personal Finance (Not Investing)
Topic: Convert to LLC in the middle of 2017?
Replies: 19
Views: 1860

Re: Convert to LLC in the middle of 2017?

Any profits paid to me in the form of salary or bonus are not taxed at the corporate level. Ideally I would be able to realize profits in that form when it is advantageous to do so and not realize those profits in other situations such as when I realize long-term capital gains. Profits left in the c...
by boglerocks
Thu Dec 29, 2016 8:01 am
Forum: Personal Finance (Not Investing)
Topic: Convert to LLC in the middle of 2017?
Replies: 19
Views: 1860

Re: Convert to LLC in the middle of 2017?

Dividends are taxed at 0% if you're in the 15% tax bracket.
by boglerocks
Wed Dec 28, 2016 7:49 pm
Forum: Personal Finance (Not Investing)
Topic: IRA instead of disability insurance?
Replies: 13
Views: 1404

Re: IRA instead of disability insurance?

You guys have convinced me. I need it. Thank you. I will try to find something relatively inexpensive for long-term disability only.
by boglerocks
Wed Dec 28, 2016 7:43 pm
Forum: Personal Finance (Not Investing)
Topic: Convert to LLC in the middle of 2017?
Replies: 19
Views: 1860

Re: Convert to LLC in the middle of 2017?

Taxation as a C corp should allow me better control over when I personally realize business income so that I can minimize my tax liability. I'm not clear on how much exerted control is too much as far as the IRS is concerned. I don't want to push the envelope so I'm planning to ask my CPA.
by boglerocks
Wed Dec 28, 2016 7:36 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance applications (the agony of)
Replies: 3
Views: 580

Insurance applications (the agony of)

Insurance applications have become incredibly daunting for me and that's caused me to put off life insurance and disability insurance for at least a year now. I always feel like I need to make sure I'm filling them out perfectly or a future claim could be rejected due to my error. This causes me to ...
by boglerocks
Tue Dec 27, 2016 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: Convert to LLC in the middle of 2017?
Replies: 19
Views: 1860

Re: Convert to LLC in the middle of 2017?

Thanks Mule. I'm planning to talk to my CPA about whether this could be advantageous for me.