Search found 315 matches

by casualflower
Sun Apr 12, 2020 9:53 am
Forum: Personal Investments
Topic: Making first Solo 401k Contribution - Confirm Method
Replies: 9
Views: 462

Re: Making first Solo 401k Contribution - Confirm Method

I'm a believer of "lump sum get your cash in as soon as possible". But I wait until after the year is over to make my Solo 401k contribution. There's too many variables that affect the right mix of contributions (pre-tax, roth, employer) and amounts. Getting it wrong makes it exponentially more comp...
by casualflower
Fri Apr 10, 2020 1:25 pm
Forum: Personal Investments
Topic: The Coming Baby Boom?
Replies: 48
Views: 2036

Re: Will there be a baby boom in 8 to 10 months?

Why would there be? This is one of those weird ideas floating around that make no sense to me. I think 100% the opposite. In many parts of the US, literally, the only people able to meet in person are family / household members, basically long term pre-existing relationships. So those people are hav...
by casualflower
Fri Apr 10, 2020 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: deposit requires "approval"?
Replies: 4
Views: 420

Re: deposit requires "approval"?

I've seen plenty of tellers have to get a supervisor to sign off on deposit if it's large enough. Just getting a second pair of (experienced) eyeballs on a deposit to make sure there's nothing fishy about it. In addition, you would need supervisor permission if the deposit is higher than the amount ...
by casualflower
Fri Apr 03, 2020 12:23 pm
Forum: Personal Investments
Topic: Fidelity Roth conversion questions
Replies: 8
Views: 331

Re: Fidelity Roth conversion questions

Thanks for the replies. Clicking through to the "partial" screen drops my tIRA as an option. It seems like there's an issue with my specific tIRA account, maybe because it's a rollover from 20 years ago or because Fidelity is having issues? I can follow along on the screens as described above, but t...
by casualflower
Fri Apr 03, 2020 11:27 am
Forum: Personal Investments
Topic: Fidelity Roth conversion questions
Replies: 8
Views: 331

Fidelity Roth conversion questions

No job, down market, why it seems like a great time for me to convert some of my traditional IRA savings to a Roth! I've got both tIRA and Roth accounts with Fidelity. I've never done this before and have a couple basic questions around the process of the conversion (I'm confident it's a good choice...
by casualflower
Mon Mar 23, 2020 10:22 pm
Forum: Personal Consumer Issues
Topic: Need recommendation on a trampoline
Replies: 23
Views: 1461

Re: Need recommendation on a trampoline

15-Foot Skywalker Trampoline Three kids. We bought our first one for Christmas of 2014 off Amazon for $280. It lasted 4 1/2 years until too many springs ripped out. Then we bought another, this time shipped from Wal Mart for $150. It's always been a centerpiece of the street. It's used by my kids 30...
by casualflower
Sun Mar 15, 2020 10:34 am
Forum: Personal Investments
Topic: Commercial property: Should I pay cash or cancel or stay the course
Replies: 0
Views: 108

Commercial property: Should I pay cash or cancel or stay the course

I'm under contract to buy a one unit commercial space. It's got a current tenant through January 2021 who was very interested in renewing. I plan on talking to the current tenant on Monday to see if their plans have changed since we last spoke two weeks ago. We're scheduled to close on 3/27. I've go...
by casualflower
Mon Feb 17, 2020 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: My parents wants the house in my name - Advice?
Replies: 26
Views: 2915

Re: My parents wants the house in my name - Advice?

House A is in your uncle's name, but your parents are paying the mortgage? You and your brother have 50% ownership of House B, but your names are not on the mortgage? This amount of mixed ownership / mortgage responsibility feels unnecessarily complicated. Regardless, your uncle can gift you House A...
by casualflower
Thu Feb 13, 2020 2:31 pm
Forum: Personal Consumer Issues
Topic: Retirement: Filling the time?
Replies: 96
Views: 10345

Re: Retirement: Filling the time?

Have you considered that you're not bored, but rather lonely?

As others have mentioned, social connections are super important for humans, even self-described introverts.
by casualflower
Thu Jan 30, 2020 1:04 pm
Forum: Personal Consumer Issues
Topic: Cybersecurity and passwords
Replies: 161
Views: 11318

Re: Cybersecurity and passwords

I am pretty sure that any password I can remember and type frequently is probably not very strong. Battery Horse Staple is a way around that. The take away I get from the technique is that you can make an easily remembered, strong password. An average English speaker knows 20,000 words. There are 7...
by casualflower
Wed Jan 15, 2020 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: Early cash out value
Replies: 5
Views: 501

Re: Early cash out value

This is a Net Present Value calculation and is fairly straightforward. The only variable you need to identify is what is the discount rate? It's not a trivial concept, and there are loads of web articles attempting to explain it. This one may be helpful: https://www.kitces.com/blog/net-present-valu...
by casualflower
Tue Jan 14, 2020 11:40 pm
Forum: Personal Finance (Not Investing)
Topic: Pay Down Mortgage? Is Interest Really 4%
Replies: 31
Views: 4474

Re: Pay Down Mortgage? Is Interest Really 4%

I will pay $59,000 to only recover $37,000 in equity. Am I being stubborn as a door nail? This does not feel like my money is better spent in the market. There's a riddle called the Missing Dollar puzzle and the mistake you're making reminds me of that. You're comparing things that shouldn't be com...
by casualflower
Tue Jan 14, 2020 11:29 pm
Forum: Personal Finance (Not Investing)
Topic: Early cash out value
Replies: 5
Views: 501

Early cash out value

What is the value of early cash out? I sold a company. The balance of the payout agreement is $375,000 paid in equal installments quarterly over the next three years, then a final $55,000 payment at the end (January 2023). No interest is being charged on top of these amounts. The purchaser of the co...
by casualflower
Wed Dec 18, 2019 4:24 pm
Forum: Personal Consumer Issues
Topic: Washer / Dryer recommendation [stackable units]
Replies: 9
Views: 785

Re: Washer / Dryer recommendation [stackable units]

Also, I should clarify that 5 - 8 cu feet is fine for the dryer and 27 inches wide is about as big as will fit in the space comfortably.
by casualflower
Tue Dec 17, 2019 8:34 pm
Forum: Personal Consumer Issues
Topic: Washer / Dryer recommendation [stackable units]
Replies: 9
Views: 785

Washer / Dryer recommendation [stackable units]

Hi there!

Any Bogleheads able to offer a recommendation for a washer and dryer? Here's what I'm looking for...

Stackable units
Gas Dryer
No wifi / smart ability
$2,200 or less but would much prefer less (<$1,500)

Thanks!
by casualflower
Fri Sep 13, 2019 11:43 am
Forum: Personal Finance (Not Investing)
Topic: Should we keep paying for this life insurance policy?
Replies: 18
Views: 1617

Re: Should we keep paying for this life insurance policy?

1. Should he keep paying for this life insurance policy? 2. Are there any better life insurance products for this 67 year old man? 3. Any other tips on how to better handle this scenario? We're missing some information. Primarily what their annual expenses are and if the spouse is reliant on her hu...
by casualflower
Wed Aug 14, 2019 6:18 pm
Forum: Investing - Theory, News & General
Topic: Negative rate mortgage now a reality - rationale and implications?
Replies: 6
Views: 1121

Re: Negative rate mortgage now a reality - rationale and implications?

I heard about this on the radio recently, can't remember where...but I believe it required 6 points to get that rate.
by casualflower
Sat Jul 27, 2019 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: Can I do a 1031 exchange? Want to rent to family member below market rent
Replies: 4
Views: 424

Re: Can I do a 1031 exchange? Want to rent to family member below market rent

A 1031 isn’t good for this situation. 1) it’s only $8,000 of gains. Maybe $1,000 of taxes? If you did a full exchange which you’re not. 2) Your replacement property is only 1/3 the original. So you can only defer 1/3 the gains. You could buy a few rentals to get up to $245,000 but that’s a whole lot...
by casualflower
Tue Jul 09, 2019 1:31 pm
Forum: Personal Investments
Topic: Frequency of 401k contributions - frontloading versus quateraly
Replies: 13
Views: 967

Re: Frequency of 401k contributions - frontloading versus quateraly

"I know if I want to maximize my returns I shouldn't try to time the market, but what do you folks think, should I time the market to maximize my returns?"

That said, I would not frontload a 401K unless I was very very confident that I would have enough income to justify the contributions.
by casualflower
Sun Jul 07, 2019 7:36 pm
Forum: Personal Finance (Not Investing)
Topic: quit second job?
Replies: 14
Views: 1927

Re: quit second job?

You've got a net worth of roughly $2.3M. Your expenses run around $80K ($95K - max 401K of $19K). If you sold everything and invested it all, at a 3% withdrawl, you could pull out $70K. You're super close to being completely financially independent 20 years before "standard" retirement age. Congratu...
by casualflower
Wed May 01, 2019 3:40 pm
Forum: Personal Consumer Issues
Topic: Hiring a contractor to cut down some trees....what should I be aware of?
Replies: 89
Views: 5801

Re: Hiring a contractor to cut down some trees....what should I be aware of?

One more thing to add is to make sure the trees are 100% on your property. You don't want to cut down a tree and it turns out it belonged to your neighbor. "Tree law" is real.
by casualflower
Wed May 01, 2019 2:48 pm
Forum: Personal Consumer Issues
Topic: Babymoon?
Replies: 36
Views: 3385

Re: Babymoon?

Pregnancy doesn't always happen on a timetable. "Likely be in her first trimester" hints to me that you may have unrealistic expectations. Yes, it could happen in a month or two, sure. But it could also take a year or never. Plan a vacation, live your life, if you get pregnant, mazel tov!, and adjus...
by casualflower
Fri Apr 26, 2019 4:43 am
Forum: Personal Investments
Topic: Disabled, Disillusioned, but Significant Assets - Move Overseas, Offshore?
Replies: 47
Views: 3854

Re: Disabled, Disillusioned, but Significant Assets - Move Overseas, Offshore?

Check out Puerto Rico. Still in the USA, but you can avoid some Federal income tax. It's not totally what you want (only gains accrued after you move are exempt I believe) but it may be as close as you get.

Google it, there's a lot out there.
by casualflower
Thu Apr 11, 2019 2:53 pm
Forum: Personal Finance (Not Investing)
Topic: Torment from the IRS
Replies: 16
Views: 2702

Re: Torment from the IRS

Would it be considered a bounced check? If so, the IRS will charge a 2% fee...$2 Million!
by casualflower
Wed Apr 10, 2019 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: Notice to vacate/late rent
Replies: 59
Views: 6243

Re: Notice to vacate/late rent

It may not have been a nice notice, but it was effective!

Would you have skipped a class to pay your rent if it was a kindly reminder?
by casualflower
Fri Mar 22, 2019 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: Why does IRS care if nanny is paid via 1099 or W2?
Replies: 42
Views: 2472

Re: Why does IRS care if nanny is paid via 1099 or W2?

I don't think you'd be in *more* trouble if you paid a non-LLC nanny as a 1099 than 'forcing' a nanny to have an LLC and paying them through that as a 1099. But it is unlikely to help your situation.
by casualflower
Fri Mar 22, 2019 3:09 pm
Forum: Personal Finance (Not Investing)
Topic: Why does IRS care if nanny is paid via 1099 or W2?
Replies: 42
Views: 2472

Re: Why does IRS care if nanny is paid via 1099 or W2?

Interesting. Here's another twist. What if the nanny forms her own LLC. Now the employer pays the LLC, not her directly. Is that still a "mis-classified" worker? Classification is a bit of a crapshoot. In my experience (as a former business owner that used hundreds of 1099 contractors in a contract...
by casualflower
Fri Mar 22, 2019 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: Why does IRS care if nanny is paid via 1099 or W2?
Replies: 42
Views: 2472

Re: Why does IRS care if nanny is paid via 1099 or W2?

The rules exist so the IRS only has to chase 100,000 responsible employers for failing to pay estimated taxes rather than 100,000,000 irresponsible workers. There's a system in place in the US for collecting wage-based taxes and it works pretty well. Part of that system includes rules about who is a...
by casualflower
Fri Mar 08, 2019 6:15 pm
Forum: Personal Consumer Issues
Topic: Best Car Values
Replies: 155
Views: 12318

Re: Best Car Values

I went from a 2007 model to a 2014 model of the same car last year. The safety features were night and day, and my life isn’t worth the small amount I would save buying ancient technology. Well you must not value your life they have made HUGE advances in safety in the last 5 years ;) I think there'...
by casualflower
Fri Mar 08, 2019 6:11 pm
Forum: Personal Consumer Issues
Topic: Best Car Values
Replies: 155
Views: 12318

Re: Best Car Values

Where does a person find these cars for sale? I'm just not familiar with where the cars go after a lease finishes. Are they sold right there at the dealer that leased the car in the first place? Or do they go to a used card lot? I'm buying my next car from a rental company. 1-3 years old, 20K-45K m...
by casualflower
Thu Mar 07, 2019 10:17 pm
Forum: Personal Consumer Issues
Topic: 2019 Mazda CX-5 Grand Touring or Honda CR-V EXL
Replies: 69
Views: 6730

Re: 2019 Mazda CX-5 Grand Touring or Honda CR-V EXL

researcher wrote:
Wed Mar 06, 2019 1:21 pm
The fact that the horrible Nissan Rogue is #1 is even more ridiculous.
Genuinely curious...what makes the Rogue horrible? I drove one earlier this week. The pickup and handling was not great, but it seems like a fine car.
by casualflower
Sun Jan 27, 2019 11:17 am
Forum: Personal Investments
Topic: Sell the business or stay the course?
Replies: 42
Views: 3049

Re: Sell the business or stay the course?

One year ago, I sold my company. I was in a very similar position to you (15 years owning the company, ending at $4.1M revenue, though less profit margin). I'm 5 years younger with 3 similarly younger children, and had less in overall savings. As a result, whether I never have to work again is a coi...
by casualflower
Wed Jan 09, 2019 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: Paying my LLC for services
Replies: 0
Views: 217

Paying my LLC for services

My family recently sold a business. We will be receiving payments over the next couple years. As part of that process of us getting I continue to perform professional services under the awning of my LLC for the three (including me) of us. It's mostly working with the Buyers, making sure the sale mee...
by casualflower
Thu Jan 03, 2019 3:29 pm
Forum: Personal Consumer Issues
Topic: Adding spouse to deed
Replies: 15
Views: 910

Re: Adding spouse to deed

Don't add her to the deed unless you add her to the mortgage as well. You may have to refinance.
by casualflower
Wed Jan 02, 2019 9:11 pm
Forum: Personal Investments
Topic: Near cash fund for Fidelity IRA
Replies: 0
Views: 199

Near cash fund for Fidelity IRA

Having read a lot of the TLH posts, I'm taking a look at my Fidelity IRA accounts to avoid having a wash sales in my Vanguard taxable accounts and deal with the tracking of it. I'm trying to change my Fidelity dividend and capital gains reinvestment but can't figure out the best way. This IRA accoun...
by casualflower
Sat Dec 29, 2018 8:28 pm
Forum: Personal Finance (Not Investing)
Topic: Mint Experts - Tips & Tricks
Replies: 6
Views: 901

Re: Mint Experts - Tips & Tricks

I have 12 categories. 6 are monthly expenses. 6 are "special" categories where each month it could be $0 or it could be $1,000. I consider budgets to be more descriptive than prescriptive. We try to keep within budget for the monthlies, but if we hit the limit on groceries, we're not going to skip s...
by casualflower
Thu Dec 27, 2018 9:14 pm
Forum: Personal Finance (Not Investing)
Topic: Wash Sale Rule Confusion
Replies: 13
Views: 834

Re: Wash Sale Rule Confusion

What do you think the wash sale rules are?

You've got to wait 30 days after selling ABC before you can buy it again.
by casualflower
Sun Dec 23, 2018 1:30 pm
Forum: Investing - Theory, News & General
Topic: Estimating taxes after sale of stock
Replies: 9
Views: 856

Re: Estimating taxes after sale of stock

You should look into this immediately. You probably should be paying quarterly estimated taxes to avoid penalty. If you sold before Oct 1st, you're already late.
by casualflower
Thu Dec 20, 2018 12:52 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 18803
Views: 2629052

Re: U.S. stocks in free fall

This goes back to a question I posed on another thread - how do we know what the actual value of all these assets is supposed to be? Be it equities or real estate, if there is a 20% drop going forward, you may say - "Wow, it's 20% cheaper!" but what if it is still overvalued? Seems like its all jus...
by casualflower
Thu Dec 20, 2018 12:47 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 18803
Views: 2629052

Re: U.S. stocks in free fall

'Hurting' the economy by imposing a higher cost of capital so that you can 'help' it later by reducing that cost back to where it was doesn't make sense to me either. It would only seem to work if the economy is robust enough that the rate hikes don't have much of an effect on it, but that seems un...
by casualflower
Thu Dec 20, 2018 12:22 am
Forum: Personal Investments
Topic: money from business sale
Replies: 5
Views: 623

Re: money from business sale

How do you decide if things have settled down?
by casualflower
Thu Dec 20, 2018 12:20 am
Forum: Personal Investments
Topic: Don't put in stocks what you can't afford to lose? Really?
Replies: 16
Views: 2340

Re: Don't put in stocks what you can't afford to lose? Really?

I have yet to find any investor who lost money in a total stock market index fund or S&P 500 index fund if they held onto it long-term, and I doubt the future will be any different than the past. It did happen in other countries, and could happen in the US as well in the future. Both things are tru...
by casualflower
Sat Dec 15, 2018 11:31 pm
Forum: Personal Consumer Issues
Topic: Adult Games / Board Games - Recommendations
Replies: 55
Views: 4372

Re: Adult Games / Board Games - Recommendations

I second Five Crowns and Code Names. I've heard the picture version is more accessible.

One Night Ultimate Werewolf is fantastic.
by casualflower
Fri Dec 14, 2018 7:15 pm
Forum: Personal Finance (Not Investing)
Topic: Forgoing health insurance
Replies: 112
Views: 5905

Re: Forgoing health insurance

[OT comment removed by admin LadyGeek] To clarify, I am not asking for a hand out. I am looking to self-insure, which I'm willing to do, except for a catastrophic event. It appears that due to governmental regulation, the coverage I am looking for is not available. I want insurance like I have for ...
by casualflower
Fri Dec 14, 2018 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: Forgoing health insurance
Replies: 112
Views: 5905

Forgoing health insurance

Anyone forgoing health insurance this year? I'm considering it. Family of 5 (3 children under 15, 2 adults mid 40s). My wife doesn't work. I'm mostly retired, picking up some freelance programming, but our income is heavily subsidized by my investments, so no employer-sponsored plan. In 2018, I boug...
by casualflower
Thu Dec 13, 2018 5:35 pm
Forum: Personal Finance (Not Investing)
Topic: What percentage of your net worth is your home equity?
Replies: 309
Views: 25097

Re: What percentage of your net worth is your home equity?

Some folks do not consider home equity as part of net worth. If you want to count home equity as part of your net worth, go right ahead. Your choice your life. We agree to disagree. KlangFool Perhaps you should have led with this understanding approach at the top of the thread rather than: Home equ...
by casualflower
Thu Dec 13, 2018 2:02 pm
Forum: Personal Finance (Not Investing)
Topic: What percentage of your net worth is your home equity?
Replies: 309
Views: 25097

Re: What percentage of your net worth is your home equity?

This morning I was a renter with $1M in equities and cash. This afternoon, I bought a $300K house for cash. Now my net worth is $700K.

That makes no sense.
by casualflower
Mon Dec 03, 2018 1:25 am
Forum: Investing - Theory, News & General
Topic: Older Dads - how do you plan for your own retirement while still raising kids?
Replies: 38
Views: 5597

Re: Older Dads - how do you plan for your own retirement while still raising kids?

It's hard to say exactly without firm numbers, but paid off house in the Bay area + savings that equal "not rich by Bay area standards" = Rich. I bet if you wanted, you could spend the next year or two shoring up savings, tightening up expenses, and finding a position (local or remote) in a LCOL and...
by casualflower
Wed Nov 28, 2018 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: Trustee of inherited business
Replies: 62
Views: 3014

Re: Trustee of inherited business

Why is there still an active personal loan from your parents to the business?

Haven't you settled your mother's estate by now?
by casualflower
Tue Nov 27, 2018 9:33 am
Forum: Personal Finance (Not Investing)
Topic: Real Estate upon death
Replies: 33
Views: 2239

Re: Real Estate upon death

You seem pretty forgiving of your FIL here. Remember, it is his choice to support your SIL. If he's ignoring his other grandkids, that has nothing to do with your SIL, that's his choice.