Search found 24 matches

by letsmakesomething
Wed Apr 13, 2016 8:51 pm
Forum: Investing - Help with Personal Investments
Topic: Living Trust Advice
Replies: 12
Views: 1497

Re: Living Trust Advice

Thanks, Peter. What about taking title of my primary residence in a trust?
by letsmakesomething
Tue Apr 12, 2016 3:19 pm
Forum: Investing - Help with Personal Investments
Topic: Living Trust Advice
Replies: 12
Views: 1497

Re: Living Trust Advice

Thank you all! Now it seems to be: 1. Living trust or just a will? - I was thinking living trust to place the condo in a trust in case something happened to me and my wife who currently live in CA holding title are husband and wife with right of survival (CA is a community property state) 2. The liv...
by letsmakesomething
Tue Apr 12, 2016 3:06 pm
Forum: Investing - Help with Personal Investments
Topic: 529 college savings plan (a good idea)?
Replies: 38
Views: 4141

Re: 529 college savings plan (a good idea)?

All, I really appreciate the feedback! My take away is that until I max my companies 401k at $18k/yr., max my Roth IRA at $5.5k/year (not traditional as do to our income we do not qualify for a tax deduction) and my wife's SEP (which we just opened yesterday), the 529 should not be something we are ...
by letsmakesomething
Mon Apr 11, 2016 8:13 pm
Forum: Investing - Help with Personal Investments
Topic: 529 college savings plan (a good idea)?
Replies: 38
Views: 4141

529 college savings plan (a good idea)?

Hello, I recently had a child 3 weeks ago! In what situations is a 529 college savings plan beneficial? I have started to do some research and it seems some advice is first to contribute to retirement accounts and max them out before contributing to a 529. I have been contributing to IRA's, but stop...
by letsmakesomething
Mon Apr 11, 2016 8:06 pm
Forum: Investing - Help with Personal Investments
Topic: Living Trust Advice
Replies: 12
Views: 1497

Re: Living Trust Advice

The purpose of the trust is to outline all assets and if something were to happen to me for my wife and child to avoid probate
by letsmakesomething
Mon Apr 11, 2016 7:41 pm
Forum: Investing - Help with Personal Investments
Topic: Living Trust Advice
Replies: 12
Views: 1497

Living Trust Advice

Hello, My wife and I recently had our first child. I have savings, checking, brokerage accounts, multiple IRA's and a 401k. I also own a condo. I would like to set up a living trust to include all of my assets in case something were to happen to me (though I am still young, early thirties). I am see...
by letsmakesomething
Sun Jun 28, 2015 5:31 pm
Forum: Investing - Help with Personal Investments
Topic: Employer 401k/Roth IRA/Traditional IRA
Replies: 5
Views: 752

Employer 401k/Roth IRA/Traditional IRA

Hello, I have a Roth IRA as well as a Traditional IRA. My employer just introduced a 401k plan for the company (start up). The fund options are not the best for the 401k and do not offer low cost ETFs or index funds, if I were to select one it would be a planned retirement date plan, (ie retire in 2...
by letsmakesomething
Sun Feb 08, 2015 5:29 pm
Forum: Investing - Help with Personal Investments
Topic: Traditional IRA Rollover (I have a Roth already) Advice
Replies: 4
Views: 359

Re: Traditional IRA Rollover (I have a Roth already) Advice

If you have decided upon the Lazy Portfolio, why do you want to change? The whole idea is that you don't have to do much with it. Adding more would just complicate, and not necessarily improve the portfolio. I don't have any need for Reit, so I would have chosen the 3-Fund Portfolio (search in Wiki...
by letsmakesomething
Sun Feb 08, 2015 5:27 pm
Forum: Investing - Help with Personal Investments
Topic: Traditional IRA Rollover (I have a Roth already) Advice
Replies: 4
Views: 359

Re: TRADITIONAL IRA ROLLOVER (I HAVE A ROTH ALREADY) ADVICE!

Just because you change location of money, doesn't mean you change strategy or add funds. Two separate lazy plans do not beat a single one... I am changing my investments bc when the funds were in my 401k I had limited options and had a single target fund selected. So you are suggesting to keep to ...
by letsmakesomething
Sun Feb 08, 2015 1:54 pm
Forum: Investing - Help with Personal Investments
Topic: Traditional IRA Rollover (I have a Roth already) Advice
Replies: 4
Views: 359

Traditional IRA Rollover (I have a Roth already) Advice

Hello All, I recently changed employers and need to move my 401k with my previous employer to a traditional IRA. The reason for the move to a traditional IRA is the 401K provider from my preious employer charges a .75 management fee, though I have a targeted Index funds plan selected. I am no longer...
by letsmakesomething
Mon Mar 10, 2014 9:29 pm
Forum: Investing - Help with Personal Investments
Topic: Ahh Missed It! [market timing]
Replies: 20
Views: 3044

Re: Ahh Missed It! [market timing]

Thank you for the insight, all. DCA seems to be the appropriate approach. Once it is in its in, I will not be timing the market. Will probably take the 80/20 AA given my time horizon. Hindsight is 20/20, just need to focus on the next 20-30 years and ride the waves and rebalance annually. I currentl...
by letsmakesomething
Sat Mar 08, 2014 10:55 pm
Forum: Investing - Help with Personal Investments
Topic: Ahh Missed It! [market timing]
Replies: 20
Views: 3044

Ahh Missed It! [market timing]

So I'm in my early 30's and have a lot of cash sitting on the sidelines. I want to start to get it into the market, basically taking the passive approach and investing in the CORE FOUR. I want to get my money in the market in phases over the next 12 months. My problem, I feel like I missed out on th...
by letsmakesomething
Fri Apr 12, 2013 8:26 pm
Forum: Investing - Help with Personal Investments
Topic: Smart to contribute to Roth and Traditional IRA??
Replies: 6
Views: 2244

Smart to contribute to Roth and Traditional IRA??

Hello all, I'm 30 and have about $30k in a roth IRA and about $60k in a 401k. I recently started a new job and want to roll my 401k into my Roth IRA. I was told I would need to roll my 401k into a traditional IRA first before rolling it into my Roth. My question is this, if I don't want the 401k to ...
by letsmakesomething
Thu Feb 28, 2013 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: Where can I find a CA purchase contract?
Replies: 1
Views: 305

Where can I find a CA purchase contract?

Hello,

Looking to purchase a property in CA without a real estate agent. I have searched for a blank CA purchase contract but keep coming across PDF's that cannot be edited.

Can anyone please help provide a link for a blank editable CA purchase contact?

Thank you!!!
by letsmakesomething
Tue Jan 29, 2013 5:27 pm
Forum: Investing - Help with Personal Investments
Topic: Bank Of America and forclosure
Replies: 1
Views: 464

Bank Of America and forclosure

My grandmother passed away and she had a reverse mortgage on her home. The loan is now greater than the value of the house. Held in a trust. BOA will sell the property for 95% of the CURRENT appraised value. With extensions you are allowed to have up to 1 year from the death to decide what to do wit...
by letsmakesomething
Thu Jan 10, 2013 1:11 am
Forum: Investing - Help with Personal Investments
Topic: Seeking your wisdom!
Replies: 7
Views: 655

Re: Seeking your wisdom!

I'm tired of thinking about this and want to put a plan into action. I understand compound interest and feel like I am letting more and more time slip away while I remain indecisive with $ on the sidelines.

Please chime in!!
by letsmakesomething
Thu Jan 10, 2013 1:08 am
Forum: Investing - Help with Personal Investments
Topic: Seeking your wisdom!
Replies: 7
Views: 655

Seeking your wisdom!

Hello! Total Assets $230,000. 30 yrs old, no debt. Looking to shape a portfolio for the long haul. I have about $55,000 in my 401k currently as follows and I am no longer contributing to my 401k as there isn't a match and the expense ratios are ugly: TEDIX- Mutual Global Discovery A- $22,000 ER 1.31...
by letsmakesomething
Thu Dec 20, 2012 10:41 pm
Forum: Investing - Help with Personal Investments
Topic: Turning 30, please help with my portfolio!
Replies: 1
Views: 664

Turning 30, please help with my portfolio!

Hello all, I am new to the forum and look forward to hearing from and contributing to the community! As I mentioned in the subject line, I am turning 30 at the end of the year and want to put myself in a position to reach a goal of accumulating a million dollars. I think I am ready to get off the si...
by letsmakesomething
Thu Dec 20, 2012 1:07 am
Forum: Personal Finance (Not Investing)
Topic: Who Needs A Prenup?
Replies: 46
Views: 5011

Re: Who Needs A Prenup?

What I have deducted is anything in a taxable investment account (obviously the 401k and Roth IRA do not qualify) could go into the irrevocable trust. Seems to be the best option given all of the valuable information you have shared with me. Does that sound about right? 1. How much does one cost to ...
by letsmakesomething
Thu Dec 20, 2012 12:19 am
Forum: Personal Finance (Not Investing)
Topic: Who Needs A Prenup?
Replies: 46
Views: 5011

Re: Who Needs A Prenup?

If as you explain you and the trustee mutually decide to dissolve the trust while still married (hypothetically something catostrophic happens and you need access to the funds), those funds then become marital property, correct?
by letsmakesomething
Wed Dec 19, 2012 11:50 pm
Forum: Personal Finance (Not Investing)
Topic: Who Needs A Prenup?
Replies: 46
Views: 5011

Re: Who Needs A Prenup?

Might be a dumb question, but if I am the beneficiary, I cant also direct the investments in the revocable trust correct? How would I ever gain access to the funds at a later date?
by letsmakesomething
Wed Dec 19, 2012 9:53 pm
Forum: Personal Finance (Not Investing)
Topic: Who Needs A Prenup?
Replies: 46
Views: 5011

Re: Who Needs A Prenup?

comptalk Thank you for all of the useful information. If going with an irrevocable trust, can retirement accounts be placed in such trust ie IRA, 401K, in additional to individual retirement accounts? The problem then becomes you are no longer able to direct/reallocate such assets? Is that correct? ...
by letsmakesomething
Tue Dec 18, 2012 10:42 pm
Forum: Personal Finance (Not Investing)
Topic: Who Needs A Prenup?
Replies: 46
Views: 5011

Who Needs A Prenup?

Live in CA, attempting to be realistic and plan for the future. Everyone hopes for the best, but it would not be wise in my opinion if you are not prepared for the worst. While I understand the overall divorce rate is over 50%, I also understand that number goes down significantly if those getting m...
by letsmakesomething
Thu Nov 22, 2012 4:37 am
Forum: Investing - Help with Personal Investments
Topic: .
Replies: 3
Views: 746

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