Search found 43 matches

by ZWorkLess
Fri Mar 30, 2018 5:59 pm
Forum: Investing - Theory, News & General
Topic: Should I be worried about the S&P Index fund ?
Replies: 51
Views: 6957

Re: Should I be worried about the S&P Index fund ?

The irony here . . . I was just thinking a few days ago when I heard to FAANG acronym (Facebook, Amazon, Apple, Netflix, Google) about how much sense it makes to invest in those companies because they each provide such critical tools to my personal daily life. Netflix may be replaceable, but the oth...
by ZWorkLess
Wed Feb 21, 2018 12:28 pm
Forum: Investing - Help with Personal Investments
Topic: Balance in Marriage and Student Loans
Replies: 26
Views: 2178

Re: Balance in Marriage and Student Loans

At the end of the day, be sure to run the numbers on that debt repayment and get a feel for how long it'll take to repay. My quick calculation shows that about 400 of interest is accumulating on the Parent Plus loan each month, so at 700/mo, that'll take more than a decade to pay off . . . So, rampi...
by ZWorkLess
Wed Feb 21, 2018 9:24 am
Forum: Investing - Help with Personal Investments
Topic: Balance in Marriage and Student Loans
Replies: 26
Views: 2178

Re: Balance in Marriage and Student Loans

I think this is more of a relationship decision than a money decision. Personally, I'd advise a loved one to wait at least a couple years into the marriage before making major debt pay-downs on your spouse's behalf. Sometimes, you have to balance what FEELS comfortable with what is exactly the most ...
by ZWorkLess
Wed Jan 17, 2018 6:34 pm
Forum: Investing - Help with Personal Investments
Topic: Lost Job. Retirement/Portfolio Advice
Replies: 46
Views: 5004

Re: Lost Job. Retirement/Portfolio Advice

corn18 wrote: ↑
Wed Jan 17, 2018 5:38 pm
You are at 145 x annual expenses. You have won the game. Retire. Move everything into a 3 fund portfolio with a 50/50 or 25/75 AA and enjoy the rest of your life.
Exactly!

You're in great shape. Call it a career, and enjoy a long and fun retirement!
by ZWorkLess
Mon Jan 15, 2018 8:44 pm
Forum: Investing - Help with Personal Investments
Topic: 529 AND UTMA
Replies: 29
Views: 1932

Re: 529 AND UTMA

Another consideration . . . This sounds like it is your first child. Are you absolutely 100% sure s/he will be your only child? (Until your first kid is at least two years old and unless surgery has been performed and you and your wife are both at least 40, I would not be so sure!! SO many people ch...
by ZWorkLess
Mon Jan 15, 2018 2:54 pm
Forum: Investing - Help with Personal Investments
Topic: 529 AND UTMA
Replies: 29
Views: 1932

Re: 529 AND UTMA

I did use UGTM accounts when my kids were tiny. In the 90s/00s, I transferred their UGTM accounts some stock that had a 2c basis (had been gifted from my dad to me, and so it carried his 2c/share basis) and was selling for about $100/share with numerous splits -- so essentially a 0 basis (and was so...
by ZWorkLess
Tue Dec 26, 2017 4:59 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRAs - Can they pull a switch-a-roo?
Replies: 34
Views: 3689

Re: Roth IRAs - Can they pull a switch-a-roo?

Sure they can change the rules. One would hope they would grandfather in existing accounts, but they don't have to. Case in point. Up until a few weeks ago, my entire 25 years of mortgage (& sometimes also HELOC) paying on numerous properties over the years, HELOCs and mortgages were essentially equ...
by ZWorkLess
Tue Dec 19, 2017 6:41 pm
Forum: Investing - Help with Personal Investments
Topic: How to find annual taxable distributions on Vanguard?
Replies: 5
Views: 653

How to find annual taxable distributions on Vanguard?

I have nearly all our investment accounts in tax deferred accounts (IRA, etc.), so I've never had to deal with significant taxable gains/distributions/etc from the various index funds. I'm considering opening a taxable investment account, and I'd fund it with either VTSAX (total stock market index a...
by ZWorkLess
Mon Dec 18, 2017 5:11 pm
Forum: Investing - Help with Personal Investments
Topic: Math . . . SIMPLE IRA . . .
Replies: 3
Views: 487

Re: Math . . . SIMPLE IRA . . .

Taking distributions instead of taking salary is a "disguised wage". The IRS frowns upon this as it is essentially a dodging of self employment tax. You have to be able to back up whatever salary you take as reasonable. I know about this. This is why my spouse takes the reasonable salary he takes. ...
by ZWorkLess
Mon Dec 18, 2017 4:54 pm
Forum: Investing - Help with Personal Investments
Topic: Math . . . SIMPLE IRA . . .
Replies: 3
Views: 487

Math . . . SIMPLE IRA . . .

So, let's say. . . My husband and I own a small business, an S-corp (a small business with about a dozen staff), as well as two LLCs (that hold real estate, no employees). I take a small salary from the S-corp, just enough to fully fund my SIMPLE IRA, so about 14k in salary (12,500 to the SIMPLE IRA...
by ZWorkLess
Sun Dec 17, 2017 10:54 am
Forum: Investing - Help with Personal Investments
Topic: What to do after losing $117k in stock market?
Replies: 199
Views: 28689

Re: What to do after losing $117k in stock market?

After reading all the responses and doing some self-reflecting this past week. I have decided today is the day I become a financially responsible adult and make major chances to my life. This is a complete 180 for me but I feel very happy and relieved. I withdrew all money from Fidelity account and...
by ZWorkLess
Wed Dec 13, 2017 1:19 pm
Forum: Investing - Help with Personal Investments
Topic: What to do after losing $117k in stock market?
Replies: 199
Views: 28689

Re: What to do after losing $117k in stock market?

I'm sorry for your losses, but at least you are young and have good earning power, so you have the opportunity to take your losses as a life lesson and do *much better* from this day forward. As long as you cash in your chips, go home, and never go back to the casino, you'll be fine. What you're des...
by ZWorkLess
Sun Dec 10, 2017 8:39 pm
Forum: Investing - Help with Personal Investments
Topic: Fraud/401k sales and the elderly parent
Replies: 15
Views: 2325

Re: Fraud/401k sales and the elderly parent

You could move all of dad's money and house into a trust and you become the administrator of that trust. Check with an appropriate attorney. This is brilliant. Talk to those great lawyers and see about making this happen. I am working on updating our own estate documents right now, and I'm going to...
by ZWorkLess
Sun Dec 10, 2017 6:02 pm
Forum: Investing - Help with Personal Investments
Topic: Fraud/401k sales and the elderly parent
Replies: 15
Views: 2325

Re: Fraud/401k sales and the elderly parent

I'm so very sorry what happened to your dad. IME, while helping my mother through her dementia/Alzheimer's . . . My brother and I both held DPOAs. Those are good, as they allow you to "act as your dad" on his financial behalf, but they do NOT stop your dad from also doing things. So, even if you'd h...
by ZWorkLess
Wed Nov 29, 2017 10:04 am
Forum: Personal Finance (Not Investing)
Topic: So i hit 6 figures... (questions about financials)
Replies: 19
Views: 4177

Re: So i hit 6 figures... (questions about financials)

Congratulations!! You're doing so great at such a young age!! Well done!! When I was 27, my spouse and I were still in the rapid-debt-accumulation phase (grad schools, then business acquisition). I think my husband and I were in our 40s before we (gleefully) hit the Net Worth of Zero milestone, whic...
by ZWorkLess
Tue Nov 28, 2017 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: Independent Trustee Actively Managing Trust Account
Replies: 99
Views: 6566

Re: Independent Trustee Actively Managing Trust Account

Well, if you can convince the deciding trustees to switch to Vanguard, you could get fees of 0.55% on the first 5 million and substantially less on funds over the first 5 million. https://investor.vanguard.com/financial-advisor/trust-services Personally, I'll likely be using Vanguard as co-trustee o...
by ZWorkLess
Mon Nov 20, 2017 11:17 am
Forum: Investing - Help with Personal Investments
Topic: I'm 23 and im with Vanguard. Should I get a transfer on death plan?
Replies: 4
Views: 549

Re: I'm 23 and im with Vanguard. Should I get a transfer on death plan?

If your mom is financially dependent on you (???!!!#%!!>?), and you're OK with this, then you might want to put her as your beneficiary on accounts and you might even want to consider a (cheap for you) term life insurance policy on yourself for her benefit. If she's not dependent on you, but simply ...
by ZWorkLess
Fri Nov 17, 2017 11:53 am
Forum: Investing - Help with Personal Investments
Topic: Social Security younger Wife
Replies: 15
Views: 2018

Re: Social Security younger Wife

My thought is I could ramp the policy value down as I approach the witching hour, so to speak. I am not sure such a "ramp down" insurance product actually exists but I will check into it. My own policy permits a one-time "ramp down". Which I may take advantage of. My first policy was $400K. The new...
by ZWorkLess
Thu Nov 16, 2017 7:54 pm
Forum: Investing - Theory, News & General
Topic: Bogle has a forecast...
Replies: 19
Views: 4841

Re: Bogle has a forecast...

I'm thinking average is what will be insane! I have a +15% nominal this year. Next year -10%?! Wow! :shock: How did you get +15% ?????? Whelp, as of 11/15, Vanguard Target Date 2035 (VTTHX) shows a YTD return of 14.99% and a 1 year return of 17.45%, and Vanguard Total Stock Market Admiral Shares (V...
by ZWorkLess
Wed Nov 15, 2017 9:40 pm
Forum: Investing - Help with Personal Investments
Topic: Re: Children's investment
Replies: 4
Views: 712

Re: Children's investment

FWIW, my kids inherited similar amounts a couple years ago. The will from which they inherited set up a "grandchildrens trust", so I could use that language in the will to establish trust accounts. Our estate attorney set up the Tax IDs for each trust, and I submitted that along with the original wi...
by ZWorkLess
Tue Nov 14, 2017 10:44 am
Forum: Investing - Help with Personal Investments
Topic: Is it worth starting investing if 7-8 years from retirement?
Replies: 22
Views: 2955

Re: Is it worth starting investing if 7-8 years from retirement?

ps. Say each can put 18,000 total (15,500 from self, 2,500 from company match) into a SIMPLE IRA for 7 years. That's 36,000 total per year. Times 7 = $252,000 in contributions in 7 years. Not including gains during those seven years. Total rough guess, that might be worth $400,000 total 7 years from...
by ZWorkLess
Tue Nov 14, 2017 10:39 am
Forum: Investing - Help with Personal Investments
Topic: Is it worth starting investing if 7-8 years from retirement?
Replies: 22
Views: 2955

Re: Is it worth starting investing if 7-8 years from retirement?

I suggest you investigate the SIMPLE IRA. I set one up through Vanguard for our own small business. We have a dozen employees, about 2/3 of whom are eligible for the SIMPLE IRA and also use it. My spouse and I are both on payroll and use the SIMPLE IRAs. We've had it 2 years, and it's been awesome. ...
by ZWorkLess
Sun Nov 05, 2017 3:54 pm
Forum: Investing - Help with Personal Investments
Topic: 200k inheritance- put in tax advantaged or taxable?
Replies: 5
Views: 875

Re: 200k inheritance- put in tax advantaged or taxable?

Are you sure you have the option to put it in a tax advantaged account? Definitely talk it over in detail with your estate attorney and/or CPA and/or any financial advisors you have access to before doing ANYTHING with it, as sometimes if you do one wrong thing, you can lose options. I had access to...
by ZWorkLess
Sat Nov 04, 2017 8:20 pm
Forum: Investing - Help with Personal Investments
Topic: Children's money?
Replies: 26
Views: 3433

Re: Children's money?

I put larger money gifts (>$100 or so) in Coverdell accounts (Educational IRAs back when I started them). I put the money all in SP500 Index funds at Vanguard, and it's still all there. . . It's done just fine, despite some bumps in the market over the last 18 years. :) We were income-phased out of ...
by ZWorkLess
Wed Nov 01, 2017 6:53 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in an LLC
Replies: 4
Views: 574

Re: Investing in an LLC

It really depends on how the company is structured. Our accountants and lawyers advised us to use an S-Corp for our main business and LLCs for our real estate holding companies, so that's what we've done. We were told at the time that S-Corps are better, in general, tax wise. So far as I understand ...
by ZWorkLess
Wed Nov 01, 2017 5:15 pm
Forum: Investing - Help with Personal Investments
Topic: What Type of Account to Save for Kid's 1st Car?
Replies: 29
Views: 1835

Re: What Type of Account to Save for Kid's 1st Car?

I wouldn't put money into a UGTM account. You've got to zero that out around age 18, or it becomes THEIRS to do whatever stupid thing their 18 year old brain decides. Put it in your OWN name, IMHO, but in separate accounts that you reserve for this purpose. Also, any money in UGTM accounts will real...
by ZWorkLess
Wed Nov 01, 2017 5:13 pm
Forum: Investing - Help with Personal Investments
Topic: What Type of Account to Save for Kid's 1st Car?
Replies: 29
Views: 1835

Re: What Type of Account to Save for Kid's 1st Car?

I use LifeStrategy Growth for those sorts of long-term investments for my kids. It's not gonna' be earth shattering if they have 10k saved up vs 20k. Either way, they'd have a big head start towards getting a car. So, I go for the long term odds of increased growth that comes with a bit higher (80/2...
by ZWorkLess
Wed Nov 01, 2017 5:04 pm
Forum: Investing - Help with Personal Investments
Topic: Opportunity Cost: pay off student loan 3% or save for down payment 4%+ mortgage
Replies: 9
Views: 1409

Re: Opportunity Cost: pay off student loan 3% or save for down payment 4%+ mortgage

FWIW, the day I paid off my student loans (zeroing out the cash portion of an inheritance), was one of the best days of my life. I'd been carrying them for close to two decades, and getting out from under, permanently, was THE BOMB. So, my vote is to pay off the student loans. (ESPECIALLY if your ta...
by ZWorkLess
Wed Oct 25, 2017 11:11 pm
Forum: Investing - Help with Personal Investments
Topic: Payoff Student Loans or Save?
Replies: 13
Views: 1571

Re: Payoff Student Loans or Save?

Absolutely pay off the loans. THEN, save. You've got 5.25% guaranteed return on the loans you pay off. You can't beat that anywhere. No question. Pay off the loans. Only exception: If your employer offers a "match", then contribute enough to get your match. Then, the rest goes to pay down the loans.
by ZWorkLess
Fri Oct 20, 2017 11:21 am
Forum: Investing - Help with Personal Investments
Topic: 401k options for small company
Replies: 8
Views: 849

Re: 401k options for small company

We use a SIMPLE IRA and are very satisfied. It was much cheaper and simpler to set up and maintain than a 401k would have been for our dozen-or-so-staff small business. Contribution limits are a bit lower than a 401k, but much higher than an individual IRA. (12,500 employee contribution max for unde...
by ZWorkLess
Fri Oct 06, 2017 8:07 pm
Forum: Personal Consumer Issues
Topic: Best credit cards for our college kids? (credit building)
Replies: 9
Views: 943

Best credit cards for our college kids? (credit building)

We really need to get our college kids (almost 21 and 18) credit cards soon. The almost-21 year old already has a car loan that my husband co-signed for her last January, and at that time, she was a "ghost". (I.e., when the car dealership ran her credit, she didn't have a file.) Now she's got 9 mont...
by ZWorkLess
Tue Oct 03, 2017 1:43 pm
Forum: Investing - Help with Personal Investments
Topic: Sharecropping & Roth IRA & Social Security
Replies: 7
Views: 781

Re: Sharecropping & Roth IRA & Social Security

As a low income earner, who probably expects to remain low income indefinitely, I'd think a taxable account would be a good way to invest any excess funds. Put it in some good Index fund(s), which will have low taxable gains each year . . . just pay capital gains when he cashes it in . . . which wou...
by ZWorkLess
Mon Oct 02, 2017 8:05 pm
Forum: Investing - Help with Personal Investments
Topic: Which 401k plan is better? This is for a small dental office
Replies: 34
Views: 4202

Re: Which 401k plan is better? This is for a small dental office

Look into a SIMPLE IRA plan instead. Cost the company nothing and it can be self directed...meaning employees choose their own investments. I second this suggestion. We own a small vet hospital, and we set up a SIMPLE IRA through Vanguard in 2016. Love it. We have about a dozen staff, about 8 or so...
by ZWorkLess
Fri Sep 15, 2017 6:19 pm
Forum: Investing - Help with Personal Investments
Topic: Moving Money, Single to Mutual
Replies: 7
Views: 1061

Re: Moving Money, Single to Mutual

If you do any substantial charitable giving, look into giving your appreciated stock each year instead of cash. I haven't done this, but I know my mom did. My (very much not expert, please confirm!) understanding was that, say you give $5000 in value of stock to the charity. You get the full $5000 ...
by ZWorkLess
Tue Sep 12, 2017 7:01 pm
Forum: Investing - Help with Personal Investments
Topic: Moving Money, Single to Mutual
Replies: 7
Views: 1061

Re: Moving Money, Single to Mutual

If you have a lot of gains . . . One small trick I used many moons ago . . . when I had a large amount of all-gains stock since the entire sale amount was essentially capital gains as the basis was like 2c/share and it was selling at around $100/share. . . . . . was to transfer a bit of it to each o...
by ZWorkLess
Sat Sep 09, 2017 10:59 am
Forum: Investing - Help with Personal Investments
Topic: Back Door Roth questions
Replies: 1
Views: 379

Back Door Roth questions

I'm trying to determine if I should further investigate a backdoor Roth. Our income is a bit above the Roth income limits, so we can't contribute in the regular way. I expect it to stay this high until we retire. Maybe will increase technically a bit over time, as our remaining commercial mortgages ...
by ZWorkLess
Fri Sep 08, 2017 3:54 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard - How to combine spouse accounts
Replies: 28
Views: 5907

Re: Vanguard - How to combine spouse accounts

I did run into trouble when I wanted to change the contribution allocation for my dh's IRA, but I got that fixed with one or two phone calls. I haven't tried again, so I'm not sure if it's fixed for good or if I'll have to call again if I want to change the asset allocation again, but that's the so...
by ZWorkLess
Sat Sep 02, 2017 8:08 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard - How to combine spouse accounts
Replies: 28
Views: 5907

Re: Vanguard - How to combine spouse accounts

I'm not sure if it's helpful to you, but you can easily *view* all your accounts on one screen/log-in if one spouse allows the other to manage their funds. You don't have to change ownership to achieve the ability to view them all together and for one person to be able to manage all the accounts. We...
by ZWorkLess
Tue Aug 08, 2017 9:39 pm
Forum: Investing - Help with Personal Investments
Topic: seeking advice, in retirement now
Replies: 63
Views: 15104

Re: seeking advice, in retirement now

One little thing to consider . . . I helped manage my mom's finances during her final years, and a smart thing to consider was . . . Keeping some serious cash accessible . . .to facilitate a sudden move w/o having to first sell the home. This would be for your mom. What if she wants/needs to move at...
by ZWorkLess
Tue May 09, 2017 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: Stay home with kids?
Replies: 103
Views: 10035

Re: Stay home with kids?

Of course. If one (or both) wants to do it, you should stay home with your kids.

Life is short. Kids grow up. Be with them.
by ZWorkLess
Sun May 07, 2017 4:27 pm
Forum: Investing - Help with Personal Investments
Topic: Inherited IRA, kids, taxes, and Roth conversion
Replies: 20
Views: 1795

Re: Inherited IRA, kids, taxes, and Roth conversion

1. Benefactor is alive and in process of updating will. LIfe expectancy is much less than one year. 2. Thanks for the advice, I'll look into the local probate court site. Will probably have more questions that I'll post or PM.[/quote] Can you sit down with the estate attorney who is updating the wil...
by ZWorkLess
Sun May 07, 2017 2:54 pm
Forum: Investing - Help with Personal Investments
Topic: Dividends & Taxes in (taxable account) Index Fund
Replies: 12
Views: 2156

Re: Dividends & Taxes in (taxable account) Index Fund

Thank you all for the very helpful input!! Yes, I mean "sit and grow" as in, we'd reinvest everything, pay whatever taxes are due, and plan to hold on to the cash to partially our retirement, so I'm trying to predict the taxes we'd incur as the funds grow (so, looks like about 2% holdings in taxable...
by ZWorkLess
Sat May 06, 2017 9:00 pm
Forum: Investing - Help with Personal Investments
Topic: Dividends & Taxes in (taxable account) Index Fund
Replies: 12
Views: 2156

Dividends & Taxes in (taxable account) Index Fund

Hello! Thank you in advance for any advice or guidance you can offer. We (husband and I) are considering selling our business, which would result in an influx of somewhere in the vicinity of 500,000 to 650,000 in cash to invest. Part of our decision process will rely on figuring out just what we'd d...