Search found 214 matches

by Hulk
Wed Oct 17, 2018 8:19 pm
Forum: Investing - Theory, News & General
Topic: Help me understand dividends
Replies: 119
Views: 10072

Re: Help me understand dividends

You are quoting out of context/misinterpreting. You are either trolling or engineering schools don't teach logic anymore. Enlighten me. Really. Every time I get a dividend, the effect on my net worth is 0. Drawing on my knowledge of arithmetic, I conclude that the sum effect of all dividends over t...
by Hulk
Tue Oct 16, 2018 10:34 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Prepare For The Bear
Replies: 74
Views: 9449

Re: Larry Swedroe: Prepare For The Bear

aristotelian wrote:
Mon Oct 15, 2018 11:11 am
Too bad he didn't write this article a couple of weeks ago. Could have saved us all a lot of money.
Not all of us. Someone is always on the other side of that transaction. (I am still in the accumulation phase)
by Hulk
Tue Oct 16, 2018 10:24 am
Forum: Investing - Theory, News & General
Topic: How much of a dip do you want before you TLH?
Replies: 27
Views: 1808

Re: How much of a dip do you want before you TLH?

What's the advantage of a short term loss vs a long term loss? That it can be used to counter short term gains? Losses offset gains of the same type first before they can be applied the other type, so if you have both short term gains and long term gains, the short term losses are more valuable. On...
by Hulk
Tue Oct 16, 2018 9:06 am
Forum: Investing - Theory, News & General
Topic: How much of a dip do you want before you TLH?
Replies: 27
Views: 1808

How much of a dip do you want before you TLH?

TLHed for the first time last week. Thanks to all on this website who have contributed to my education on this. Glad I am able to do it and save money on my taxes, but I have realized it is making my lazy 3 fund portfolio less simple. Worth it, but less simple. Lets say the stock market drops again ...
by Hulk
Mon Oct 15, 2018 4:03 am
Forum: Investing - Theory, News & General
Topic: Is your Taxable account crowed with "highly correlated" but not "substantially identical' funds? how else can you TLH
Replies: 15
Views: 1063

Is your Taxable account crowed with "highly correlated" but not "substantially identical' funds? how else can you TLH

I just tax loss harvested for the first time. Bought some VTIAX in August (and 2 other times in 2018) and TLHed last week. Great. But I am unclear on the 30 day rule for a wash sale. It goes forwards and backwards, right? I was fine in my example, I hadn't purchased VTIAX in >30 days. But I am appro...
by Hulk
Sat Oct 13, 2018 8:35 pm
Forum: Personal Finance (Not Investing)
Topic: Weigh in on our Marital Argument =)-- HCOL edition
Replies: 70
Views: 5357

Re: Weigh in on our Marital Argument =)-- HCOL edition

I'd do just about anything for a shorter commute (and have). 1 or 3 but definitely not 2!! IMO. Look up what makes people happy and a short commute is HIGH on that list. Not being home when the kids are awake is a non starter. Don't even consider that. And as others have mentioned. Hotel hotel hotel...
by Hulk
Fri Oct 12, 2018 11:44 am
Forum: Personal Finance (Not Investing)
Topic: Just TLHed for the first time. Should I be happy or sad?
Replies: 6
Views: 869

Just TLHed for the first time. Should I be happy or sad?

Just TLHed for the first time, mostly :D but also :annoyed. Should have done it yesterday (I guess) but better late than never. Thanks white coat investor!

Hulk
by Hulk
Mon Sep 03, 2018 8:26 pm
Forum: Personal Finance (Not Investing)
Topic: House Affordability - Question on standard advice
Replies: 35
Views: 3216

Re: House Affordability - Question on standard advice

We kept our mortgage (not purchase price) at 2x our income. Still save 20% for retirement and have money to do the things we want to do, which is the whole point of the question right.
by Hulk
Fri Aug 31, 2018 9:26 am
Forum: Personal Consumer Issues
Topic: Lime wash vs Mortar wash (german schmear), experience anyone?
Replies: 2
Views: 447

Lime wash vs Mortar wash (german schmear), experience anyone?

Dear wise bogleheads, We are considering updating our home a bit and a high priority for my wife :annoyed is to "paint the brick." Im not in love with the idea but I can tolerate it since she wants to. Fine. But the more I read, I am learning you should never paint brick because then it is no longer...
by Hulk
Thu Aug 30, 2018 2:03 pm
Forum: Personal Finance (Not Investing)
Topic: Last Will and testament involving very young children and 7 figure estate. What have you done?
Replies: 15
Views: 2137

Last Will and testament involving very young children and 7 figure estate. What have you done?

Hello Wise bogleheads, Doing a bit of spring cleaning with my finances and need to create a will. (yes, I don't have one. Shame on me.) Wondering when an online generic Will is inappropriate. We have a low 7 figure net worth and everything will go to spouse upon my passing, and visa versa. Easy peaz...
by Hulk
Thu Aug 30, 2018 10:50 am
Forum: Investing - Theory, News & General
Topic: Taxable account cost basis. Specific ID, FIFO or average cost?
Replies: 18
Views: 1277

Taxable account cost basis. Specific ID, FIFO or average cost?

Hello wise bogleheads, What do you guys do for your taxable account cost basis; specific ID, First in First out or average cost and why? Is there a good place to read a discussion on each method and why one would chose one over the other, a pro/con explanation? We will probably continue to contribut...
by Hulk
Wed Aug 29, 2018 9:09 am
Forum: Personal Finance (Not Investing)
Topic: How do you 7 figure guys organize multiple accounts?
Replies: 164
Views: 12002

Re: How do you 7 figure guys organize multiple accounts?

I attempt a 4 fund portfolio across 5 brokerage companies and 3 banks. Would love to simplify but not so easy Why do you NEED 5 brokerages and 3 banks? Would it be possible to give up one of the brokerage accounts and/or one of the bank accounts? I've contemplated using the Fidelity or Vanguard cas...
by Hulk
Tue Aug 28, 2018 9:04 am
Forum: Personal Finance (Not Investing)
Topic: How do you 7 figure guys organize multiple accounts?
Replies: 164
Views: 12002

Re: How do you 7 figure guys organize multiple accounts?

I have 8 accounts that I manage in a Google Sheet. Both Google and Excel have functions that let you call up yesterday's closing price for a fund or stock and calculate your balance based on the number of shares you have plugged into a formula. When you reinvest dividends I find that it keeps an ac...
by Hulk
Tue Aug 28, 2018 9:01 am
Forum: Personal Finance (Not Investing)
Topic: How do you 7 figure guys organize multiple accounts?
Replies: 164
Views: 12002

Re: How do you 7 figure guys organize multiple accounts?

Dear wise bogleheads, What are your thoughts on the security of financial tools to organize your various accounts, such as Personal Capital or Mint? Our money is spread in so many places now (His and her 401ks, old 401ks, IRAs, HSAs, checking, MM, brokerage etc) it is a total pain to log into 10 di...
by Hulk
Tue Aug 28, 2018 8:56 am
Forum: Personal Finance (Not Investing)
Topic: How do you 7 figure guys organize multiple accounts?
Replies: 164
Views: 12002

Re: How do you 7 figure guys organize multiple accounts?

edge wrote:
Tue Aug 28, 2018 8:43 am
I use a spreadsheet.
Seriously? Thats such a pain. 5 different brokerage companies (with 7 different log ins between 2 spouses) and 3 banks. Blah :oops:
by Hulk
Tue Aug 28, 2018 8:40 am
Forum: Personal Finance (Not Investing)
Topic: How do you 7 figure guys organize multiple accounts?
Replies: 164
Views: 12002

How do you 7 figure guys organize multiple accounts?

Dear wise bogleheads, What are your thoughts on the security of financial tools to organize your various accounts, such as Personal Capital or Mint? Our money is spread in so many places now (His and her 401ks, old 401ks, IRAs, HSAs, checking, MM, brokerage etc) it is a total pain to log into 10 dif...
by Hulk
Mon Aug 27, 2018 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: How to best evaluate a non-profit
Replies: 3
Views: 361

How to best evaluate a non-profit

Hello all, Do you have any websites or resources you recommend for evaluating the efficiency of a non-profit company you are considering donating to? I'd like to know how well a company does what it claims to do. What percent of revenue is spent towards the stated mission vs how much goes towards st...
by Hulk
Mon Aug 06, 2018 9:53 pm
Forum: Personal Finance (Not Investing)
Topic: What to do with 401K from an old job?
Replies: 5
Views: 615

Re: What to do with 401K from an old job?

Hi all, I am writing to ask for some advice with regard to my 401K balance when moving to a new job. Per my understanding, you have the following options with regard to what to do: 1. Leave it with the current employer 2. Roll over into the new 401K plan, if the new employer allows this 3. Roll ove...
by Hulk
Mon Aug 06, 2018 1:20 pm
Forum: Personal Finance (Not Investing)
Topic: Is 12.4% SE tax on first $127,200 per business or per tax payer?
Replies: 5
Views: 649

Re: Is 12.4% SE tax on first $127,200 per business or per tax payer?

I'm a bit confused by your situation. Do you have a job and 2 businesses or just two businesses? Is your other 401k (the one you didn't call an i401k) from a business you own or from a job? if you own it, what's the owenrship stake? The 401k situation is dependent on the answers to these questions....
by Hulk
Mon Aug 06, 2018 9:40 am
Forum: Personal Finance (Not Investing)
Topic: Is 12.4% SE tax on first $127,200 per business or per tax payer?
Replies: 5
Views: 649

Re: Is 12.4% SE tax on first $127,200 per business or per tax payer?

Schedule SE includes self-employment income from all sources. It is not specific to a single business. See the IRS instructions for the the form. The Social Security wage ceiling is per taxpayer. You should consider hiring an accountant. I have a CPA but we are not seeing eye to eye on several poin...
by Hulk
Mon Aug 06, 2018 8:07 am
Forum: Personal Finance (Not Investing)
Topic: Is 12.4% SE tax on first $127,200 per business or per tax payer?
Replies: 5
Views: 649

Is 12.4% SE tax on first $127,200 per business or per tax payer?

Hello, I had 2 businesses in 2017. In business one I made >$127,200 and therefore paid the max SE tax of 12.4% * 127,200 + 2.9% * total profit. In business two I made $1,000. The SE tax due on business two is only $1000 * 0.9235 * 2.9% = $26 and deduction for SE tax $13 on business two, correct? Bec...
by Hulk
Mon Jul 30, 2018 9:20 am
Forum: Personal Consumer Issues
Topic: Any CPA recommendations, Houston area?
Replies: 1
Views: 193

Any CPA recommendations, Houston area?

Hello all, I have been going round and round with my CPA and I think it may be time to find another one. Any recommendations in the Houston area? Everything I have learned on Boggleheads and White Coat Investor has been so unbelievably helpful over the past 3 years. However, my CPA is unfamiliar wit...
by Hulk
Wed May 30, 2018 8:52 pm
Forum: Personal Consumer Issues
Topic: Lawyer instead of buyer's real estate agent? Experience anyone?
Replies: 54
Views: 5664

Re: Lawyer instead of buyer's real estate agent worked great!

But if he still gets his 3% it shouldn't be a problem. But I don't want him getting 6% just because I came to the table with no buyer's agent. I want that 3% to reduce MY costs. Generally it works best to use a buyers agent who will take that 3% commission and rebate part of it to you. Otherwise th...
by Hulk
Wed May 30, 2018 8:23 pm
Forum: Personal Consumer Issues
Topic: Lawyer instead of buyer's real estate agent? Experience anyone?
Replies: 54
Views: 5664

Re: Lawyer instead of buyer's real estate agent worked great!

A bit off topic but I have never understood the ethicality of having the buyer's agent paid a commission based the sale price of the home. Reeks of conflicts of interest not altogether different than a commissioned investment broker who gets paid more to put you in more expensive funds. +1! A few m...
by Hulk
Wed May 30, 2018 8:14 pm
Forum: Personal Consumer Issues
Topic: Lawyer instead of buyer's real estate agent? Experience anyone?
Replies: 54
Views: 5664

Re: Lawyer instead of buyer's real estate agent worked great!

I totally agree that the title is misleading. Buying, or Selling, a home without using a real estate attorney is risky. No realtor or broker takes the place of an attorney, and even if one is also an attorney, unless you retain them in that position, they aren't. We were never trying to avoid using...
by Hulk
Wed May 30, 2018 8:01 pm
Forum: Personal Consumer Issues
Topic: Lawyer instead of buyer's real estate agent? Experience anyone?
Replies: 54
Views: 5664

Re: Lawyer instead of buyer's real estate agent. Experience anyone?

I'd say the new thread title is misleading as you ended up using a realtor that simply rebated her commission to you. That is not the same as only using an attorney (in this case, understood that the same person doubled as both). The moral is that anything is negotiable, but it only worked because ...
by Hulk
Wed May 30, 2018 7:42 pm
Forum: Personal Consumer Issues
Topic: Lawyer instead of buyer's real estate agent? Experience anyone?
Replies: 54
Views: 5664

Re: Lawyer instead of buyer's real estate agent. Experience anyone?

I am glad it worked out for you. I am curious, how did you find this house without a realtor? Specifically, did you see the house before making a bid? I ask because there are rules around that (which vary by state I believe). You generally cannot go see a house saying you have no agent and then sho...
by Hulk
Mon May 28, 2018 9:38 pm
Forum: Personal Consumer Issues
Topic: Lawyer instead of buyer's real estate agent? Experience anyone?
Replies: 54
Views: 5664

Re: Lawyer instead of buyer's real estate agent. Experience anyone?

Not interested in "customer service" for tens of thousands of dollars! You're not paying for it nor do you have a choice in the matter. The commission is paid by the seller. Well the deal is done and I am sitting in my new home. Thought I would update the thread in case anyone is interested or want...
by Hulk
Fri Apr 20, 2018 1:56 pm
Forum: Personal Consumer Issues
Topic: How much off MSRP should one expect?
Replies: 23
Views: 3325

Re: How much off MSRP should one expect?

Vulcan wrote:
Fri Apr 20, 2018 1:46 pm
MSRP is irrelevant. Negotiate down from Invoice +$200.
How do you find the invoice price?
by Hulk
Fri Apr 20, 2018 1:28 pm
Forum: Personal Consumer Issues
Topic: How much off MSRP should one expect?
Replies: 23
Views: 3325

How much off MSRP should one expect?

Thanks for all the great responses on used vs. new car! I am leaning new, if nothing else to get me out of this rabid hole time suck!!! Sheesh, I havent been able to get anything done today. Ive seen a range from 0 to 17% off MRSP. What is common? Good deal? etc Also, I noticed some posts mentioning...
by Hulk
Fri Apr 20, 2018 11:08 am
Forum: Personal Consumer Issues
Topic: Do you buy new or used cars?
Replies: 113
Views: 8858

Do you buy new or used cars?

Just curious what all you responsible, wise bogleheads are doing. My budget for a new car for my wife is about 40K, which is totally arbitrary. I could spend more or less with cash and it really wouldn't change much, just how much more index funds I'll buy this year. I have never bought a new car an...
by Hulk
Sun Apr 15, 2018 7:21 pm
Forum: Investing - Help with Personal Investments
Topic: Back door Roth IRA, 8606 form conflict with accountant
Replies: 6
Views: 669

Re: Back door Roth IRA, 8606 form conflict with accountant

So I contributed 5500 to my traditional IRA the first week of January 2017, kept it in a money market so no growth. Then a few days later in January 2017 I rolled the entire thing into my Roth IRA. Then a few days later put it in an S&P index fund instead of an MM account. Did nothing else all year...
by Hulk
Sun Apr 15, 2018 6:50 pm
Forum: Investing - Help with Personal Investments
Topic: Back door Roth IRA, 8606 form conflict with accountant
Replies: 6
Views: 669

Re: Back door Roth IRA, 8606 form conflict with accountant

Hello, My accountant is struggling to fill out the 8606 form correctly. I learned about the BD Roth IRA through White Coat Investor and have done it per his excellent tutorial https://www.whitecoatinvestor.com/backdoor-roth-ira-tutorial/#comment-482400 However, my accountant has filled in line 14 a...
by Hulk
Sun Apr 15, 2018 4:32 pm
Forum: Investing - Help with Personal Investments
Topic: Back door Roth IRA, 8606 form conflict with accountant
Replies: 6
Views: 669

Back door Roth IRA, 8606 form conflict with accountant

Hello, My accountant is struggling to fill out the 8606 form correctly. I learned about the BD Roth IRA through White Coat Investor and have done it per his excellent tutorial https://www.whitecoatinvestor.com/backdoor-roth-ira-tutorial/#comment-482400 However, my accountant has filled in line 14 as...
by Hulk
Wed Apr 04, 2018 4:27 pm
Forum: Personal Consumer Issues
Topic: Any way to raise credit score 3 points in a month?
Replies: 16
Views: 1616

Any way to raise credit score 3 points in a month?

I am buying a house and the loan I am getting on 30 yr fx is 3.75 with 1 point. Great rate historically speaking but the lender had quoted me 3.625 with one point. I had told him a credit score of over 800, but it came back 804, 797, 792 and he has to use the middle one. He said he could recheck it ...
by Hulk
Wed Mar 28, 2018 6:15 pm
Forum: Personal Consumer Issues
Topic: Lawyer instead of buyer's real estate agent? Experience anyone?
Replies: 54
Views: 5664

Re: Lawyer instead of buyer's real estate agent. Experience anyone?

michaeljc70 wrote:
Wed Mar 28, 2018 4:15 pm
Hulk wrote:
Tue Mar 27, 2018 7:34 pm
Not interested in "customer service" for tens of thousands of dollars!
You're not paying for it nor do you have a choice in the matter. The commission is paid by the seller.
Everybody keeps saying that but its not exactly true. Depends on how you look at it and everything is negotiable.
by Hulk
Tue Mar 27, 2018 7:34 pm
Forum: Personal Consumer Issues
Topic: Lawyer instead of buyer's real estate agent? Experience anyone?
Replies: 54
Views: 5664

Re: Lawyer instead of buyer's real estate agent. Experience anyone?

Not interested in "customer service" for tens of thousands of dollars!
by Hulk
Sat Mar 24, 2018 6:50 pm
Forum: Personal Consumer Issues
Topic: Lawyer instead of buyer's real estate agent? Experience anyone?
Replies: 54
Views: 5664

Lawyer instead of buyer's real estate agent? Experience anyone?

Anyone have success using a lawyer instead of a real estate agent to close on a house? I feel like with the internet today, a buyer's agent is just not necessary. I can figure out what houses I like searching online and then go see them in either an open house or with the seller's agent. The informa...
by Hulk
Thu Dec 21, 2017 5:34 pm
Forum: Investing - Help with Personal Investments
Topic: Dave Ramsey Style Vanguard Portfolio?
Replies: 51
Views: 8722

Re: Dave Ramsey Style Vanguard Portfolio?

When you spoke to one of Dave's endorsed local providers with the heart of a teacher, what did they say? I met with one of Dave's ELPs about 7 years ago. At that time, I was 220k in med school debt and didn't know anything about investing. Not what an IRA, 401k, mutual fund vs index fund was, and c...
by Hulk
Wed Dec 13, 2017 2:29 pm
Forum: Investing - Help with Personal Investments
Topic: i401k that allows mega backdoor Roth IRA
Replies: 5
Views: 698

Re: i401k that allows mega backdoor Roth IRA

Let's assume because of the large K1 contribution, that your K1 income is >= $127,200. In that case your 1/2 SE tax on $1,000 will be $1,000 * 0.9235 = $923.50 * 2.9% / 2 ~= $35. Your net self-employment earnings will be $1,000 - $35 = $965. Excellent explanation, thank you so much. I do have a que...
by Hulk
Wed Dec 13, 2017 10:26 am
Forum: Investing - Help with Personal Investments
Topic: i401k that allows mega backdoor Roth IRA
Replies: 5
Views: 698

Re: i401k that allows mega backdoor Roth IRA

It is not clear to me that you understand that your business needs to have net self-employment earnings in the current year or any prior year to adopt a one-participant 401k. Also, only to the degree that there are net self-employment earnings left after any traditional/Roth 401k contributions, can...
by Hulk
Tue Dec 12, 2017 2:23 pm
Forum: Investing - Help with Personal Investments
Topic: i401k that allows mega backdoor Roth IRA
Replies: 5
Views: 698

i401k that allows mega backdoor Roth IRA

Hello all, I am setting up an i401k as a landing spot for my old 410k. I am wondering if I can provide a second benefit for myself, a mega backdoor Roth IRA. Do and of the plan documents for i401ks at various brokerage companies allow for after-tax contributions and in-service withdrawals? My wife a...
by Hulk
Mon Dec 04, 2017 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: Why is an EIN needed for i401k?
Replies: 10
Views: 1097

Why is an EIN needed for i401k?

Hello all, I am considering rolling an old 401k into an i401k to create a more clean separation from my former company (of which I was a partner), which frankly had a rough exit. They are asking/pressuring me to roll into an IRA and I have explained that I do a BD Roth IRA and therefore could not, w...
by Hulk
Sat Oct 28, 2017 7:22 pm
Forum: Personal Consumer Issues
Topic: Stucco vs Brick
Replies: 10
Views: 1494

Stucco vs Brick

Hello all, Can someone give me some insight into a brick vs stucco home in terms of long term durability and value? My internet research told me that they are fairly comparable in upfront cost, though their was certainly differing opinions on this. But what about over the next 40 years for maintenan...
by Hulk
Tue Jun 13, 2017 10:27 am
Forum: Investing - Help with Personal Investments
Topic: Ally Bank - Is this a safe/best place to stash some cash?
Replies: 108
Views: 32563

Re: Ally Bank - Is this a safe/best place to stash some cash?

I use Ally (and synchrony)
FDIC insured.
Whats the problem?
by Hulk
Sun Apr 09, 2017 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: Malpractice tail
Replies: 9
Views: 2251

Malpractice tail

Hi all, Anyone have experience shopping malpractice tail when leaving a group? Would appreciate any advice, leads. The current insurance company we use has quoted me about 11k, which may not be that bad sadly, but I would like to shop it around and see if I can get it much lower. Btw, cant get nose/...
by Hulk
Wed Feb 01, 2017 3:21 pm
Forum: Personal Finance (Not Investing)
Topic: One more can I afford $1.5M house
Replies: 56
Views: 5337

Re: One more can I afford $1.5M house

3PKWzh9 wrote:A clear yes –– you have to do it; rents are only going up in (what I assume is) the Bay Area.

And I'd add that you are not paying your fair share of taxes and should be made to pay more.

(Just kidding.)

hahah. kind of... :annoyed
by Hulk
Tue Jan 10, 2017 3:14 pm
Forum: Investing - Help with Personal Investments
Topic: Would you make a non-qualified withdrawal from daughter’s 529?
Replies: 1
Views: 295

Would you make a non-qualified withdrawal from daughter’s 529?

…for the purpose of re-investing the 14k (put in last year) right back into an in-state 529 for the tax benefit? You cant separate the initial investment from gains so I would pay taxes and 10% penalty on the $214 it has gained so far, so maybe $100. I have a fidelity visa rewards cc that goes into ...
by Hulk
Sun Jan 08, 2017 4:05 pm
Forum: Investing - Help with Personal Investments
Topic: Rollover 401k into New 401K instead of IRA to preserve backdoor IRA?
Replies: 11
Views: 1055

Re: Rollover 401k into New 401K instead of IRA to preserve backdoor IRA?

I would certainly maintain the ability to do a BD Roth IRA by keeping 401k in 401k (new or old employer is fine. Could you not just keep old 401k with old employer? You have that right with 135k in there. Or rolling to new employers 401k is fine too) Also, a 410k provides better asset protection tha...