Search found 1984 matches

by jimb_fromATL
Mon Jun 26, 2017 11:00 pm
Forum: Personal Finance (Not Investing)
Topic: What to do with mortgages, etc.
Replies: 26
Views: 2712

Re: More about refinancing -- this about the primayr home

Hi Jimb Ok, first, the primary home has the 227k balance, but 22 years, 3 months left, not 29. Current principal + interest is 1339.63. Not sure if that makes a difference in the calculations. Oops ! That makes a little difference with the current minimum payment. However, that still won't make any...
by jimb_fromATL
Mon Jun 26, 2017 9:47 pm
Forum: Investing - Theory, News & General
Topic: Your Favorite Vanguard Fund
Replies: 51
Views: 4520

Re: Your Favorite Vanguard Fund

... ... For those who prefer Total Stock Market or Index 500 I support your steadfast belief to continue your chosen course. I happen to be happy with the particular active managers I have chosen for Health Care and Capital Opportunity. To each their own, but I realize many here abhor my choices. T...
by jimb_fromATL
Mon Jun 26, 2017 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: Early IRA withdrawal vs 401k loan for legal bills
Replies: 8
Views: 383

Re: Early IRA withdrawal vs 401k loan for legal bills

If you have to pay an average of 25% federal and 0% state income tax plus the 10% penalty for a total of 35.% you'll have to withdraw $30,769 in order to pay the taxes and penalty of $10,769 and have $20,000 left to pay the expenses. jimb Hi Jimb, do you mind explaining how you calculated the tax a...
by jimb_fromATL
Mon Jun 26, 2017 4:03 pm
Forum: Investing - Theory, News & General
Topic: The 5 Pitfalls of Mutual Funds by,....
Replies: 18
Views: 1007

Re: The 5 Pitfalls of Mutual Funds by,....

Interesting Forbes Article about Ken Fisher's track record.

jimb
by jimb_fromATL
Mon Jun 26, 2017 3:49 pm
Forum: Investing - Help with Personal Investments
Topic: Looking into selling a structured settlement and need some advice
Replies: 28
Views: 1329

Re: Looking into selling a structured settlement and need some advice

Thanks everyone for taking the time to respond. Most everything validated what I was already thinking. All parts of the structured settlement are tax-free, including the sale of it. Just as an update, they did update their offer to 1,120,000. Since the settlement money is all tax free to you, I don...
by jimb_fromATL
Mon Jun 26, 2017 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: Early IRA withdrawal vs 401k loan for legal bills
Replies: 8
Views: 383

Re: Early IRA withdrawal vs 401k loan for legal bills

Hi all, posting for friend. The short summary is this: Friend has legal bills from a recent divorce and ongoing custody disputes, and needs approx $20,000 in extra cash to get through the process (obviously a rough guess). Option 1) Take a distribution from an IRA and pay income taxes and 10% penal...
by jimb_fromATL
Mon Jun 26, 2017 1:55 pm
Forum: Investing - Theory, News & General
Topic: The 5 Pitfalls of Mutual Funds by,....
Replies: 18
Views: 1007

Re: There are almost always better options than mutual funds.

Saw a commercial on Fox Business the other day its actually on this page. https://www.fishertvreport.com/ There are almost always better options than mutual funds. If you have more than $500k in investable assets, it may be time to graduate to a new approach. _ Not going to waste my limited bandwid...
by jimb_fromATL
Mon Jun 26, 2017 12:02 pm
Forum: Investing - Help with Personal Investments
Topic: Looking into selling a structured settlement and need some advice
Replies: 28
Views: 1329

Re: Looking into selling a structured settlement and need some advice

Is it a stupid idea to sell? Or is it a good idea to take the 1 million now with the goal of making it worth far more that 4 million? Thanks for all the feedback! IMO not smart to sell, and a very unrealistic goal to expect to invest to make it worth more than 4 million. Taxes are a big reason. A G...
by jimb_fromATL
Mon Jun 26, 2017 10:35 am
Forum: Personal Consumer Issues
Topic: Help, realtors disagree. Take out bookshelves, hidden bed combo before listing?
Replies: 34
Views: 1666

Re: Help, realtors disagree. Take out bookshelves, hidden bed combo before listing?

Leave it in, and save yourself the work. If the future buyer decides they don't like it *and* makes an issue of it, you can make a monetary concession or remove it if necessary. I agree. Anybody interested in buying the home is not very likely to reject it because it has built-in bookshelves or a h...
by jimb_fromATL
Mon Jun 26, 2017 10:12 am
Forum: Investing - Theory, News & General
Topic: Your Favorite Vanguard Fund
Replies: 51
Views: 4520

Re: Your Favorite Vanguard Fund

So if I am reading this correct, you state someone would be better off doing the lump sum every January in The Roth IRA Total Stock Market Fund then monthly. Big difference on the returns. I wounder does it make a differnces if someone invested in the peak of the market. In stead of DCA monthly lik...
by jimb_fromATL
Sun Jun 25, 2017 11:36 pm
Forum: Personal Finance (Not Investing)
Topic: Cashing out solo 401k
Replies: 3
Views: 422

Re: Cashing out solo 401k

What exactly do you mean by "cashing out" ? Are you thinking about spending the money, or paying debts, or investing it by rolling it into another retirement plan? How much money are you talkin' about? How old are you? Poster Spirit Rider has mentioned a lot of details. Here's some more st...
by jimb_fromATL
Sun Jun 25, 2017 10:46 pm
Forum: Investing - Help with Personal Investments
Topic: Selling rental properties and investing the proceeds
Replies: 5
Views: 542

Re: Selling rental properties and investing the proceeds

Sounds like you should be giving investment advice instead of asking if you've acquired $600K in paid-for property by your mid 20's. Nothing in tax deferred accounts. Rental properties are a tax deferred account ... of a different type. Rental real estate is one of the few places where you can inves...
by jimb_fromATL
Sun Jun 25, 2017 9:15 pm
Forum: Personal Finance (Not Investing)
Topic: What to do with mortgages, etc.
Replies: 26
Views: 2712

More about refinancing -- this about the primayr home

I showed in a previous post that using cash-out to roll the private loan into a new mortgage at a higher rate would cost a lot more money if you stretched it out for a longer time, and that even with the same payment it will still cost more because of the higher rate and the closing costs of the new...
by jimb_fromATL
Sun Jun 25, 2017 7:59 pm
Forum: Investing - Theory, News & General
Topic: Your Favorite Vanguard Fund
Replies: 51
Views: 4520

Re: Your Favorite Vanguard Fund

Vanguard Total Universe (includes emerging star systems and planets) is my number one pick, Seems like currency exchange rates would be a major problem, and fund transfer and admin fees would make it prohibitively expensive. And we don't have exchange and commerce agreements with all that many othe...
by jimb_fromATL
Sun Jun 25, 2017 7:13 pm
Forum: Investing - Theory, News & General
Topic: Your Favorite Vanguard Fund
Replies: 51
Views: 4520

Re: Your Favorite Vanguard Fund

Thanks jimb. That was a great post. I'm surprised to see that lump sum and DCA didn't really make much of a difference. Bear in mind that those results are not comparing lump sum versus dollar-cost averaging in the same fund for the same amount of money over a short period of time -- like is being ...
by jimb_fromATL
Sun Jun 25, 2017 5:25 pm
Forum: Investing - Theory, News & General
Topic: Your Favorite Vanguard Fund
Replies: 51
Views: 4520

Re: Your Favorite Vanguard Fund

Vanguard High Dividend Yield Index Fund (vhdyx). It's a great large Cap value fund. Wow. That relative newcomer has performed so closely to the S&P 500 and total stock market during its lifetime that it's hard to see the difference on a graph. And in real life, just a few days difference in whe...
by jimb_fromATL
Sun Jun 25, 2017 4:39 pm
Forum: Investing - Theory, News & General
Topic: Your Favorite Vanguard Fund
Replies: 51
Views: 4520

Re: Your Favorite Vanguard Fund

I happen to have yearly performance data for a lot of the funds above, from previous discussions here and on other forums. This is through 2016. I include results for DCA (Dollar Cost Averaging) for periodic investments because I think the "growth of $10,000" summaries on the brokerage web...
by jimb_fromATL
Sun Jun 25, 2017 4:19 pm
Forum: Investing - Theory, News & General
Topic: Your Favorite Vanguard Fund
Replies: 51
Views: 4520

Wellington

I've lost track of the number of times I've seen posters on talk forums and writers for newsletters, magazines, websites etc. sing the praises of their pet sometimes incredibly complex and active portfolios, which upon actual fact checks have turned out not to perform as well in the long run as Vang...
by jimb_fromATL
Sat Jun 24, 2017 10:05 pm
Forum: Personal Finance (Not Investing)
Topic: What to do with mortgages, etc.
Replies: 26
Views: 2712

More about prorating gain while the property wa rented out

I appreciate the article but all of the references were about property that was originally purchased as a rental and then subsequently converted to a primary. I didn't see a reference to the situation where someone buys the property as a primary, then converts to a rental within the qualified perio...
by jimb_fromATL
Sat Jun 24, 2017 9:14 pm
Forum: Investing - Help with Personal Investments
Topic: 5-7 year investment with yearly withdrawal?
Replies: 4
Views: 423

Re: 5-7 year investment with yearly withdrawal?

Hi Bogleheads! So I bought a house, but rather than put enough down to make my mortgage/taxes $3500 a month, I put down enough to make the mortgage 4k/mo and would like to subsidize my income with about 50k i have saved (and saved from having to put down the mortgage). I'm also doing a 7/1 ARM but ...
by jimb_fromATL
Sat Jun 24, 2017 9:01 pm
Forum: Personal Finance (Not Investing)
Topic: What to do with mortgages, etc.
Replies: 26
Views: 2712

Let's get back to the refi and mortgages

Primary home: Value: approx 350-375k owed: 229k @ 4.375. Term remaining: 22yrs, 2months current payment (PITI): 1629.32 ,,, Other debt: "family loan" (long story; related to the one from my first post, but not worth explaining; it's essentially a HELOC: 40k @ 3.125% payment: we currently ...
by jimb_fromATL
Sat Jun 24, 2017 6:00 pm
Forum: Investing - Help with Personal Investments
Topic: Howdy! Seeking some advice please
Replies: 5
Views: 373

Re: Howdy! Seeking some advice please

As a matter of curiosity, why are you investing in the roth 401-k instead of maxing the Roth IRA first? Is it because you're over the income limits? Thanks, I will max out my Roth IRA at the end of year once I receive crop money, I just invest the 200/month so I don't have to come up with the whole...
by jimb_fromATL
Sat Jun 24, 2017 5:52 pm
Forum: Investing - Help with Personal Investments
Topic: Lump sum investing in stocks vs. DCA
Replies: 49
Views: 2636

Re: Lump sum investing in stocks vs. DCA

Let's put some actual numbers on the risk versus reward for lump sum versus DCA when you have the choice. For the S&P 500 index fund VFINX for 36.91 years from 01/1980 through 12/2016 for 432 rolling 12 month periods the average APY for a lump sum has been 9.77%. On the average, $10,000 would ha...
by jimb_fromATL
Sat Jun 24, 2017 5:42 pm
Forum: Investing - Help with Personal Investments
Topic: Howdy! Seeking some advice please
Replies: 5
Views: 373

Re: Howdy! Seeking some advice please

Tax Filing Status: Married Filing Jointly Tax Rate: 25% Federal, 0% State I currently invest 6% into pre-tax 401-k and 4% into the roth 401-k I have a separate roth ira investment with vanguard in the Vanguard Star Fund VGSTX at 200/month being invested. As a matter of curiosity, why are you invest...
by jimb_fromATL
Sat Jun 24, 2017 4:48 pm
Forum: Investing - Theory, News & General
Topic: Cost Basis Calculation
Replies: 8
Views: 364

Re: Cost Basis Calculation

Dividends reinvested become part of the cost basis. But if you took out cash to pay the taxes on dividends, it will be a little off. Could that be part of the problem?

jimb
by jimb_fromATL
Sat Jun 24, 2017 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: Mediator for ownership division of primary home
Replies: 46
Views: 1421

Re: Mediator for ownership division of primary home

I get the recommendation to have a divorce attorney do the mediation as they probably have significant experience with this sort of thing. But a part of me thinks this is a bad idea....they aren't looking to get divorced, and I worry that bringing a divorce attorney in, even as a mediator, could cr...
by jimb_fromATL
Sat Jun 24, 2017 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: Mediator for ownership division of primary home
Replies: 46
Views: 1421

Re: Mediator for ownership division of primary home

My mom and stepdad are in their 70s and have an ongoing low-boil dispute over who owns what % of their primary residence. My mom paid 80% of the down payment while my stepdad paid the other 20%. Since then they've equally shared mortgage payments/property taxes/property improvements and maintenance...
by jimb_fromATL
Sat Jun 24, 2017 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: What to do with mortgages, etc.
Replies: 26
Views: 2712

Re: What to do with mortgages, etc.

I appreciate the article but all of the references were about property that was originally purchased as a rental and then subsequently converted to a primary. I didn't see a reference to the situation where someone buys the property as a primary, then converts to a rental within the qualified perio...
by jimb_fromATL
Fri Jun 23, 2017 10:18 pm
Forum: Personal Finance (Not Investing)
Topic: What to do with mortgages, etc.
Replies: 26
Views: 2712

Re: What to do with mortgages, etc.

Here's an option to avoid the capital gains issues: rent your primary house, live in the secondary/rental house for 2 years to establish primary residency, then sell the rental, and then move back the primary house. Is this possible? Other possibility is wait for an foreseeable unemployment (e.g. c...
by jimb_fromATL
Fri Jun 23, 2017 7:51 pm
Forum: Investing - Help with Personal Investments
Topic: Lump sum investing in stocks vs. DCA
Replies: 49
Views: 2636

Re: Lump sum investing in stocks vs. DCA

Unless you have a working crystal ball, and if you have several years of investing ahead before you need the money, your chances are better to invest as much as you can as soon as you can. In addition to contributing to tax-advantaged retirement plans like 401(k)s, INO this also means NOT to try to...
by jimb_fromATL
Fri Jun 23, 2017 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: What to do with mortgages, etc.
Replies: 26
Views: 2712

Re: What to do with mortgages, etc.

Part of the same structure. Only 1 county listing. Value of land would be on the county tax form, right? County has 225k as current value for land. 325k for structure. I can get this from my tax return, if you like. I can get those records. Tax guy says current basis is 281k, i believe. I can get t...
by jimb_fromATL
Fri Jun 23, 2017 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: What to do with mortgages, etc.
Replies: 26
Views: 2712

Re: What to do with mortgages, etc.

it is correct that, on our taxes, we claim a small loss with the rental each year. When I bought the house in, i think, 2004, I was single and lived in the attached studio, renting out the rest. I then moved to my current home in 2006 or so (fabulous timing, I know) and turned it into a 100% rental...
by jimb_fromATL
Fri Jun 23, 2017 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: What to do with mortgages, etc.
Replies: 26
Views: 2712

Re: What to do with mortgages, etc.

it is correct that, on our taxes, we claim a small loss with the rental each year. When I bought the house in, i think, 2004, I was single and lived in the attached studio, renting out the rest. I then moved to my current home in 2006 or so (fabulous timing, I know) and turned it into a 100% rental...
by jimb_fromATL
Fri Jun 23, 2017 3:34 pm
Forum: Investing - Help with Personal Investments
Topic: Lump sum investing in stocks vs. DCA
Replies: 49
Views: 2636

Re: Lump sum investing in stocks vs. DCA

Unless you have a working crystal ball, and if you have several years of investing ahead before you need the money, your chances are better to invest as much as you can as soon as you can. In addition to contributing to tax-advantaged retirement plans like 401(k)s, INO this also means NOT to try to ...
by jimb_fromATL
Fri Jun 23, 2017 11:27 am
Forum: Personal Finance (Not Investing)
Topic: What to do with mortgages, etc.
Replies: 26
Views: 2712

Re: What to do with mortgages, etc.

Here's an option to avoid the capital gains issues: rent your primary house, live in the secondary/rental house for 2 years to establish primary residency, then sell the rental, and then move back the primary house. Is this possible? Other possibility is wait for an foreseeable unemployment (e.g. c...
by jimb_fromATL
Wed Jun 21, 2017 6:37 pm
Forum: Investing - Help with Personal Investments
Topic: Managed Payout VPGDX seems to beat all others
Replies: 6
Views: 830

Re: Managed Payout VPGDX seems to beat all others

Hello all I was looking at Vanguard Managed Payout VPGDX as a possible income source in retirement. Old posts here seem to suggest you can do better on your own. I am a little confused on that as when I run the numbers at Portfolio VIZ this fund comes out with highest results ie beats others on the...
by jimb_fromATL
Wed Jun 21, 2017 5:18 pm
Forum: Personal Consumer Issues
Topic: LG washer and dryer "NFC tag on" feature
Replies: 30
Views: 1277

Re: LG washer and dryer "NFC tag on" feature

I was driving along one day on a country road and there was a car in the woods and people were helping the driver out and to the side of the road. I asked what happened. According to her (the driver), her GPS told her to turn right but apparently the mapping data was in error and there was no road ...
by jimb_fromATL
Wed Jun 21, 2017 4:52 pm
Forum: Personal Consumer Issues
Topic: LG washer and dryer "NFC tag on" feature
Replies: 30
Views: 1277

Re: LG washer and dryer "NFC tag on" feature

I would start with the store where they were purchased. You got me curious though. Why would I want to connect my phone to a washer and dryer? +1. Why in the world would you need your smartphone to talk to your washing machine? Sounds like technology for technology's sake to me. I'd call the store ...
by jimb_fromATL
Wed Jun 21, 2017 10:11 am
Forum: Personal Finance (Not Investing)
Topic: WWYD? Cash in Investment to Pay Off Mortgage Question
Replies: 47
Views: 1758

Re: WWYD? Cash in Investment to Pay Off Mortgage Question

...will in most cases likely earn substantially more than the 3.5% after-tax you are paying assuming you itemize on your federal tax return... A minor point, but with only about one in every three or four taxpayers exceeds the standard deduction and gets any savings for mortgage interest, and those...
by jimb_fromATL
Wed Jun 21, 2017 9:53 am
Forum: Personal Finance (Not Investing)
Topic: WWYD? Cash in Investment to Pay Off Mortgage Question
Replies: 47
Views: 1758

Re: WWYD? Cash in Investment to Pay Off Mortgage Question

He already has the (basically)all the money "saved" in the taxable account. He can do both: pay off his mortgage and max his retirement accounts this year. They'd be in fantastic shape. They're already in great shape. The best time to owe money is when you can afford not to. And cashing o...
by jimb_fromATL
Wed Jun 21, 2017 9:26 am
Forum: Personal Finance (Not Investing)
Topic: WWYD? Cash in Investment to Pay Off Mortgage Question
Replies: 47
Views: 1758

Re: WWYD? Cash in Investment to Pay Off Mortgage Question

Debts: 89.2k principle at 4.625% Interest. Note: We paid 20% down so no PMI. We currently can pay about $5500 extra towards the principle of the mortgage each year. At this rate it would take 16 years to pay off the house. Your mortgage numbers don’t seem to match up for me. You say you currently o...
by jimb_fromATL
Tue Jun 20, 2017 8:57 pm
Forum: Personal Finance (Not Investing)
Topic: WWYD? Cash in Investment to Pay Off Mortgage Question
Replies: 47
Views: 1758

Re: WWYD? Cash in Investment to Pay Off Mortgage Question

If you want to put your money to its best use, you need to max all available tax-advantaged retirement investments before you pay off virtually any manageable debt, especially the mortgage (and any student loan) debts . jimb - how do you define or what would you consider "manageable" (1) ...
by jimb_fromATL
Tue Jun 20, 2017 6:26 pm
Forum: Personal Finance (Not Investing)
Topic: WWYD? Cash in Investment to Pay Off Mortgage Question
Replies: 47
Views: 1758

Re: WWYD? Cash in Investment to Pay Off Mortgage Question

I'm a big fan of paying off mortgages early but would not recommend cashing out your investments to do so. Are 401Ks being maxxed out? Roth IRA space? If not, I would put more there first before paying even more on mortgage. Dave Ramsey is great on getting out of debt and getting basics set up, but...
by jimb_fromATL
Mon Jun 19, 2017 6:42 am
Forum: Investing - Help with Personal Investments
Topic: 457b [use funds to buy real estate]
Replies: 2
Views: 189

Re: 457b [use funds to buy real estate]

How much would you be considering paying for the property? Would you be living in part of it? How much rent do you think it would bring in? How much income will you have from any pensions and social security? Does your state have an income tax? How is your 457 money invested and how much has it been...
by jimb_fromATL
Sat Jun 17, 2017 8:55 pm
Forum: Personal Consumer Issues
Topic: Air conditioner for narrow windows
Replies: 22
Views: 1139

Re: Air conditioner for narrow windows

I'm in the Boston area, building is a semi-detached house. Room is on the 2nd floor with windows facing west. Realistically we will only need to use the AC for 1-2 months. Sounds like a single hose portable is the way to go? Unless you can find a smaller window unit that any I've seen, it sounds li...
by jimb_fromATL
Sat Jun 17, 2017 6:38 pm
Forum: Personal Consumer Issues
Topic: Air conditioner for narrow windows
Replies: 22
Views: 1139

Re: Air conditioner for narrow windows

For portable ACs, does the size of the room determine whether you get a single/dual hose unit. This link (found randomly) suggests that for smaller rooms a single hose unit should be okay. The room in question is quite small, around 110 square feet. What kind of building is it? What part of the cou...
by jimb_fromATL
Sat Jun 17, 2017 3:57 pm
Forum: Personal Consumer Issues
Topic: Air conditioner for narrow windows
Replies: 22
Views: 1139

Re: Air conditioner for narrow windows

But most of the readily available portable units have only one exhaust duct. FWIW, a search for "Dual Hose Portable Air Conditioner" seems to find some (though many that turn up are not actually dual hose, at least some are). At least one is just over $300 at Walmart after a "pickup ...
by jimb_fromATL
Sat Jun 17, 2017 12:51 pm
Forum: Personal Consumer Issues
Topic: Air conditioner for narrow windows
Replies: 22
Views: 1139

Re: Air conditioner for narrow windows

One of the bedrooms in our place has really narrow windows, the actual opening is less than 14 inches wide. Does anyone know if any window ACs come for that size? The room isn't big so a 5,000 BTU unit should be sufficient. But searching online all of them seem to have a width of 15 inches and abov...
by jimb_fromATL
Sat Jun 17, 2017 8:45 am
Forum: Investing - Help with Personal Investments
Topic: 401k loan and contributions
Replies: 6
Views: 382

Re: 401k loan and contributions

I am considering taking out a loan from my Vanguard 401k (lets say $50k) and repay it over 5 years. During that 5 year period while repaying the loan on schedule, I want to be able to continue making regular 401k contributions up to the max each year. Anyone know if this is possible? I read through...
by jimb_fromATL
Fri Jun 16, 2017 10:36 pm
Forum: Personal Finance (Not Investing)
Topic: Does this refinance scenario make sense?
Replies: 6
Views: 510

Re: Does this refinance scenario make sense?

NOTE: you should go root around in the calculators section at the mortgage professor site for one that best suits your particular comparison and try the comparison for yourself. His calculators have the benefit of years of testing by the site users; mine is unchecked. Or maybe #cruncher will confir...

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