Search found 70 matches

by vaught
Thu Oct 25, 2018 11:00 am
Forum: Personal Consumer Issues
Topic: Need New Refrigerator
Replies: 20
Views: 2256

Re: Need New Refrigerator

We need a new refrigerator. At the moment, we have a 48 inch built in Sub Zero. I think we will have to get another built 48 inch refrigerator due to the configuration of the kitchen and I know it is going to be very expensive. It seems like the price range for one of these might be $9,000 to $15,0...
by vaught
Mon Oct 15, 2018 9:06 am
Forum: Personal Consumer Issues
Topic: Buyers commission on a condo purchase
Replies: 29
Views: 1825

Re: Buyers commission on a condo purchase

Agree with the responses so far. Not the norm in my area. And I'll also add that unless you are paying cash for the condo, the real estate agent's estimate of closing costs should not be relied upon. Your lender will be able to provide a more accurate estimate. And the closing costs can vary wildly ...
by vaught
Fri Oct 12, 2018 11:47 am
Forum: Investing - Help with Personal Investments
Topic: Newbie question - comparing investments to broad exchanges
Replies: 3
Views: 193

Re: Newbie question - comparing investments to broad exchanges

Good point ValueThinker. In my very rudimentary calculation I was merely taking the price on January 2 and comparing it to today's price to calculate YTD return. That does seemingly completely ignore dividends.
by vaught
Fri Oct 12, 2018 11:18 am
Forum: Investing - Help with Personal Investments
Topic: Newbie question - comparing investments to broad exchanges
Replies: 3
Views: 193

Newbie question - comparing investments to broad exchanges

I'm very much a "set it and forget it" type for investments. I have never really bothered to check the rate of returns all that much of my specific index funds. I have a little "stocks" icon that came on my phone that shows the big exchanges (if that's even the right word) such as the Nasdaq, Dow Jo...
by vaught
Wed Oct 10, 2018 4:32 pm
Forum: Personal Consumer Issues
Topic: What the heck is growing in my yard?
Replies: 71
Views: 5942

Re: What the heck is growing in my yard?

Wow. I know nothing about mushrooms but I actually think it's pretty cool looking. I'd leave it.
by vaught
Fri Sep 28, 2018 11:24 am
Forum: Personal Finance (Not Investing)
Topic: Public Student Loan Forgiveness Program Rejects 99% of Applicants
Replies: 27
Views: 2485

Re: Public Student Loan Forgiveness Program Rejects 99% of Applicants

My wife is a public school teacher and is working towards PSLF. The article is a catchy headline that has been somewhat rebutted already in the replies. The reality is that there are a lot of requirements and very specific rules that must be followed including certifying your income and picking an a...
by vaught
Fri Aug 31, 2018 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone familiar with Acorns (spare change investing)
Replies: 6
Views: 532

Re: Anyone familiar with Acorns (spare change investing)

If you invest small amounts, you will end up with small amounts comparatively. This type of stuff is really a waste of time - its not going to fund your retirement. Just invest using normal 401k, IRA's, and brokerage accounts putting money in regularly and you will be fine. Already max those as men...
by vaught
Fri Aug 31, 2018 2:02 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone familiar with Acorns (spare change investing)
Replies: 6
Views: 532

Re: Anyone familiar with Acorns (spare change investing)

aristotelian wrote:
Fri Aug 31, 2018 1:51 pm
I do not see the point. Save yourself $12/year and buy an extra share of your favorite commission free ETF. The fee seems negligible but on a % basis that can be a significant drag.
Good point. $12 is tiny unless you look at it from an expense ratio standpoint.
by vaught
Fri Aug 31, 2018 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone familiar with Acorns (spare change investing)
Replies: 6
Views: 532

Anyone familiar with Acorns (spare change investing)

I'm always attempting to add something/anything to my monthly contributions. If you already max out the standard retirement planning accounts, would you suggest Acorns? My very limited understanding is that it rounds up your purchase on everyday items to the nearest dollar and invests it with the id...
by vaught
Thu Jun 21, 2018 4:55 pm
Forum: Personal Finance (Not Investing)
Topic: Help me with this calculation? Pay off student loans or wait for PSLF? Plus any general finance advice is welcome!
Replies: 7
Views: 700

Re: Help me with this calculation? Pay off student loans or wait for PSLF? Plus any general finance advice is welcome!

Two Headed Mule wrote:
Thu Jun 21, 2018 4:50 pm
I believe under repaye the spouses income is included anyway so there is no benefit to filing separately, as there is with ibr, paye.
You may be right. But he could certainly switch repayment plans in the event he did decide to file separately next year.
by vaught
Thu Jun 21, 2018 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: Help me with this calculation? Pay off student loans or wait for PSLF? Plus any general finance advice is welcome!
Replies: 7
Views: 700

Re: Help me with this calculation? Pay off student loans or wait for PSLF? Plus any general finance advice is welcome!

Your math does make it a close decision. To add one more factor that might help you make a decision, have you run the numbers of what your student loan monthly payment would be if you filed taxes as Married Filing Separately (MFS)? If you file MFS, they would not factor your spouse's AGI in when det...
by vaught
Wed Jun 20, 2018 11:47 am
Forum: Personal Consumer Issues
Topic: thermostat a/c setting
Replies: 17
Views: 1237

Re: thermostat a/c setting

I have a question about using a/c. On a normal day in June/July when temp is in mid 80s, is it ok to switch off the thermostat and leave to work to save cooling bill? Or should i be setting it to about 82 cool and leave so that the a/c does not have to work hard when I come back from work? I was to...
by vaught
Mon Apr 23, 2018 9:45 am
Forum: Personal Finance (Not Investing)
Topic: Lawyers: Career Advice (Urban to Rural?)
Replies: 21
Views: 2325

Re: Lawyers: Career Advice (Urban to Rural?)

I think you have gotten pretty good advice on what to expect in terms of a "rural" law practice. You will be more of a generalist and find it more difficult to specialize in a particular area of law. The small town attorneys I know that do well seem to have more of a "volume" practice. Lots of real ...
by vaught
Wed Apr 18, 2018 4:08 pm
Forum: Personal Consumer Issues
Topic: Association Property tax appeal - opt in
Replies: 8
Views: 871

Re: Association Property tax appeal - opt in

I appealed my property taxes once years ago. Like you, it was also a condo where the condos were very similar. In my particular jurisdiction the taxes were supposed to be based on fair market value. It was also very easy to find out what properties had recently sold for through an online database. I...
by vaught
Fri Apr 13, 2018 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: Account benificiary vs will beneficiary....
Replies: 18
Views: 1590

Re: Account benificiary vs will beneficiary....

To make your will deterine beneficiar(ies), make the beneficiary the estate of xxx Not that matters such as this might be governed by the final divorce and/or property settlement. That would make those assets subject to any creditors' claims against the deceased's estate. It would also tie up all o...
by vaught
Tue Apr 03, 2018 10:34 am
Forum: Personal Finance (Not Investing)
Topic: Sale of home; depreciation; unrealized passive losses; taxes
Replies: 7
Views: 641

Re: Sale of home; depreciation; unrealized passive losses; taxes

The unrealized loss part depends on your income level. If you were below the limit, you could/would have taken the loss each year. If you're above the limit, then it would be unrealized until you sold. So, where are you at there? I was evidently above as I've never taken them. As to second question...
by vaught
Tue Apr 03, 2018 8:56 am
Forum: Personal Finance (Not Investing)
Topic: Sale of home; depreciation; unrealized passive losses; taxes
Replies: 7
Views: 641

Re: Sale of home; depreciation; unrealized passive losses; taxes

I did this exact thing with my prior house. Moved out in 2011 after living there for 8 years, rented for 5 years and sold at loss in 2016. Your basis is the lower of (i) the adjusted basis at the time of conversion and (ii) the fair market value (FMV) at time of conversion. Since you did not take a...
by vaught
Tue Apr 03, 2018 8:25 am
Forum: Personal Finance (Not Investing)
Topic: No will. What happens to my accounts if I die?
Replies: 34
Views: 3752

Re: No will. What happens to my accounts if I die?

I don't see any harm in giving them such a list so long as you trust them. It's also a good time to take a second look at who you have listed as your beneficiaries on each account. Regardless if you have a will or, since you don't have a will, regardless of what Texas intestacy laws state, your bank...
by vaught
Tue Apr 03, 2018 8:07 am
Forum: Personal Finance (Not Investing)
Topic: Sale of home; depreciation; unrealized passive losses; taxes
Replies: 7
Views: 641

Sale of home; depreciation; unrealized passive losses; taxes

I've searched the forum and found similar topics that didn't quite address my particular question. The timeline is as follows: July, 2006 - purchase a condo for $160,000. I live in the condo as my primary residence for a little over 2 years. August, 2008 - I move. I can't sell the condo. 2009 - I be...
by vaught
Thu Mar 01, 2018 12:57 pm
Forum: Investing - Help with Personal Investments
Topic: Transferring old 401k to new 401k....
Replies: 2
Views: 236

Transferring old 401k to new 401k....

Anything I need to be aware of or consider? My old 401k is invested in the identical funds that my new 401k is invested in (i.e., same expense ratios). However my new 401k has zero expenses other than the expense ratios. I was never able to fully get comfortable with what other fees were being charg...
by vaught
Fri Feb 16, 2018 10:06 am
Forum: Investing - Help with Personal Investments
Topic: Reality of the market being "down"...
Replies: 10
Views: 1188

Re: Reality of the market being "down"...

Thanks. After looking elsewhere it looks like the "high" that was shown on my phone was incorrect. It looks like, similar to DOW and Nasdaq, that is is only "down" about 5.7% from an all time high. So the point remains the same. We are still at a near all time high in the stock market.
by vaught
Fri Feb 16, 2018 9:26 am
Forum: Investing - Help with Personal Investments
Topic: Reality of the market being "down"...
Replies: 10
Views: 1188

Reality of the market being "down"...

I have an older friend that is much much much closer to retirement than I am. He was upset about how "down" the market has been lately. So I tried to tell him that it's really not *that* down. To appease him I pulled up a couple of the major exchanges that automatically update on an icon on my phone...
by vaught
Tue Feb 06, 2018 12:34 pm
Forum: Personal Finance (Not Investing)
Topic: Ineligibile Roth Contributions
Replies: 9
Views: 569

Re: Ineligibile Roth Contributions

The IRS finds it quite difficult to monitor taxpayer cash flows in a timely fashion, even when forms are submitted properly. And places like vanguard.com aren't helping much either as regards ineligible Roth IRA contributions. When I log on, their website continues to prompt me to contribute $6500 ...
by vaught
Tue Feb 06, 2018 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: Ineligibile Roth Contributions
Replies: 9
Views: 569

Re: Ineligibile Roth Contributions

You keep paying that 6% annual penalty until you fix the error. The best way to fix the error is to move the ineligible contribution to a tIRA before your tax deadline. The next best way to fix it is to withdraw the funds and invest them elsewhere before your tax deadline. Thanks. Unfortunately thi...
by vaught
Tue Feb 06, 2018 11:29 am
Forum: Personal Finance (Not Investing)
Topic: Ineligibile Roth Contributions
Replies: 9
Views: 569

Ineligibile Roth Contributions

Hypothetical scenario:

What is the effect of contributing directly to a Roth IRA if you are ineligible because you file taxes as MFS or any other reason?
by vaught
Fri Feb 02, 2018 5:54 pm
Forum: Investing - Help with Personal Investments
Topic: I bought a stock today - Redfin (RDFN)
Replies: 288
Views: 24840

Re: I bought a stock today - Redfin (RDFN)

Wow, five pages now...surprising. I have to say that I'm skeptical of some of the details of this thread. As posted earlier in thread... the number of shares and % led to a $2M portfolio? but the post history shows assets around 600-700k in July 2017. he was able to purchase shares at the ipo then s...
by vaught
Fri Dec 22, 2017 4:59 pm
Forum: Investing - Help with Personal Investments
Topic: Motive for 401(k) advisor to change funds? Something fishy?
Replies: 44
Views: 3091

Re: Motive for 401(k) advisor to change funds? Something fishy?

I've got some bad news for your owners....... Agree. If my memory is correct there have been several lawsuits against companies for specifically NOT providing a low cost option. Admittedly the attorneys are likely only to go after the biggest plans and this family owned company might not fit the bi...
by vaught
Fri Dec 22, 2017 4:14 pm
Forum: Investing - Help with Personal Investments
Topic: Motive for 401(k) advisor to change funds? Something fishy?
Replies: 44
Views: 3091

Re: Motive for 401(k) advisor to change funds? Something fishy?

The owners have taken the stance that they can not be in a position to help select the funds that we are offered. It exposes them to too much liability if the funds underperform. I've got some bad news for your owners....... Agree. If my memory is correct there have been several lawsuits against co...
by vaught
Fri Dec 22, 2017 10:59 am
Forum: Investing - Help with Personal Investments
Topic: Motive for 401(k) advisor to change funds? Something fishy?
Replies: 44
Views: 3091

Re: Motive for 401(k) advisor to change funds? Something fishy?

The owners have taken the stance that they can not be in a position to help select the funds that we are offered. It exposes them to too much liability if the funds underperform. I've got some bad news for your owners....... Agree. If my memory is correct there have been several lawsuits against co...
by vaught
Tue Dec 19, 2017 5:44 pm
Forum: Investing - Help with Personal Investments
Topic: Closing on a vacant lot question.
Replies: 3
Views: 692

Re: Closing on a vacant lot question.

The reality is that the buyer is going to mandate a title search from an attorney so there is very likely going to be an attorney involved in the process even if your parents as sellers do not want one involved. Buyer will likely have that same attorney draft the deed and closing statement. Closing ...
by vaught
Tue Dec 12, 2017 9:08 am
Forum: Personal Finance (Not Investing)
Topic: A good friend has nearly $1M in BitCoin what do I tell him?
Replies: 149
Views: 18923

Re: A good friend has nearly $1M in BitCoin what do I tell him?

Let's say from cold storage to the exchange. Sell on exchange. And then transfer to bank. [/quote] Couple bucks to send it from cold storage to the exchange. 0 fees to sell on the exchange. 0 fees to transfer it to the bank account. [/quote] Wow. Couple bucks to liquidate $1M. Would've guessed more...
by vaught
Tue Dec 12, 2017 8:04 am
Forum: Personal Finance (Not Investing)
Topic: A good friend has nearly $1M in BitCoin what do I tell him?
Replies: 149
Views: 18923

Re: A good friend has nearly $1M in BitCoin what do I tell him?

I'm curious... Let's say that friend did decide to liquidate his $1 million in bitcoins. Anyone have any idea what the actual transaction costs would be to go from X bitcoins to $1,000,000 cash? that really depends on where it sits, how it's done, where it sits, and how fast. if it's already on an ...
by vaught
Mon Dec 11, 2017 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: A good friend has nearly $1M in BitCoin what do I tell him?
Replies: 149
Views: 18923

Re: A good friend has nearly $1M in BitCoin what do I tell him?

I'm curious...

Let's say that friend did decide to liquidate his $1 million in bitcoins.

Anyone have any idea what the actual transaction costs would be to go from X bitcoins to $1,000,000 cash?
by vaught
Thu Nov 30, 2017 11:13 am
Forum: Investing - Help with Personal Investments
Topic: 58% raise; Need Portfolio and Overall Advice
Replies: 3
Views: 817

Re: 58% raise; Need Portfolio and Overall Advice

Should I sell target retirement funds now and pay the requisite tax as opposed to having to deal with this in 30 years? Any funds that would be better suited for a taxable account?
by vaught
Wed Nov 29, 2017 2:17 pm
Forum: Investing - Help with Personal Investments
Topic: 58% raise; Need Portfolio and Overall Advice
Replies: 3
Views: 817

Re: Portfolio and Overall Advice

1. What to do with old 401k? I'd like to transfer/roll over to Vanguard unless advised otherwise. Even though the ERs I show are cheap, I have been unable to tell if there are any additional administrative fees charged to the account so I'd rather transfer it somewhere that I have more certainty. A...
by vaught
Tue Nov 28, 2017 11:39 am
Forum: Investing - Help with Personal Investments
Topic: 58% raise; Need Portfolio and Overall Advice
Replies: 3
Views: 817

58% raise; Need Portfolio and Overall Advice

I would like some overall advice as to what if anything needs changed below. I only began being serious about saving a few years ago. And only very recently (August '17) got a substantial raise (58%) that allows me more options on how to go from here. Debt - 200,000 mortgage @ 4.25% (29.5 years left...
by vaught
Sat Nov 18, 2017 9:02 am
Forum: Personal Consumer Issues
Topic: Issue with Bank of America credit card
Replies: 8
Views: 1332

Re: Issue with Bank of America credit card

Agree. I recently made the decision to just forget about $189 owed to me from DirectTv/ATT. It had been ongoing 6 months and at least 20 phone calls. I finally decided I just didn't have it in me to call them again just to get me upset. It's fascinating how different people can be. I totally agree ...
by vaught
Fri Nov 17, 2017 11:05 am
Forum: Personal Consumer Issues
Topic: Issue with Bank of America credit card
Replies: 8
Views: 1332

Re: Issue with Bank of America credit card

I have the same card and I found that this specific card is confusing for BoA Customer Reps themselves! I once was trying to get an answer to hypothetical scenario (forgot what it was), I called more than once asking the same exact question, and every rep came with a different answer. To answer you...
by vaught
Wed Nov 15, 2017 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: Operating agreement template?
Replies: 6
Views: 689

Re: Operating agreement template?

As much as you probably do not want to hear it, this is a time that consulting an attorney is likely necessary. I understand that many Operating Agreements are standard. But if you get a provision wrong or a provision is included that you didn't know the effect of or is absent, it can have huge cons...
by vaught
Sat Nov 04, 2017 8:37 pm
Forum: Personal Consumer Issues
Topic: Contract on Home Question
Replies: 14
Views: 1235

Re: Contract on Home Question

It sounds similar to a first right of refusal. I would expect some consideration for that if I was the seller.
by vaught
Thu Nov 02, 2017 9:48 am
Forum: Personal Consumer Issues
Topic: Spam calls to cell phone...
Replies: 93
Views: 9711

Spam calls to cell phone...

I used to only get these spam calls to my cell phone very sporadically (maybe once a week). Now I am getting at least one a day. Automated calls that say "you need a new car warranty..." or "we can get you a better interest rate on your credit card..." The numbers are obviously spoofed as the area c...
by vaught
Mon Oct 30, 2017 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: 401k beneficiary - whether or not to designate
Replies: 14
Views: 1278

Re: 401k beneficiary - whether or not to designate

DW has designated her niece (who is also our will executrix) as a contingent beneficiary on her 401k account. I initially thought this was a good idea. However, I've recently had second thoughts. According to what I've read, if DW and I both die in common demise (say, in a plane crash, car wreck, o...
by vaught
Mon Oct 16, 2017 11:11 am
Forum: Personal Consumer Issues
Topic: contributing to friend's non-profit?
Replies: 36
Views: 2767

Re: contributing to friend's non-profit?

I wouldn't be ambivalent about it, either, especially if one of the purposes of starting the non-profit was to be compensated by it or otherwise benefit from it. That makes it a non-profit for tax and cash-raising purposes only, but not in spirit or intent. I doubt the IRS would give them non-profi...
by vaught
Mon Oct 16, 2017 10:03 am
Forum: Personal Consumer Issues
Topic: Lien on property in foreclosure
Replies: 9
Views: 1263

Re: Lien on property in foreclosure

Talk to an attorney. I can't definitively tell if the property was truly foreclosed upon or if the city is selling at a tax sale. You state that the city has already foreclosed on the property and is now putting it up for auction. Admittedly I don't know the procedure in Wisconsin but that seems a l...
by vaught
Fri Oct 06, 2017 4:23 pm
Forum: Personal Consumer Issues
Topic: Too much house? (nervous 1st time buyer)
Replies: 57
Views: 6323

Re: Too much house? (nervous 1st time buyer)

Many posters have cautioned that this is not the best "time" to buy a house. That stands out to me. Not because the posters are wrong but it just seems counter to the philosophy of most Bogleheads when it comes to speculating or timing the market (housing in this case). I know that if I started a th...
by vaught
Thu Oct 05, 2017 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 393
Views: 69345

Re: Retirement Account Stolen by Identity theft

Please take this question with the respect that I mean: Is it possible that your dad forgot what he did? That, just perhaps, he's beginning to "age" and that this isn't what it seems? Again, just respectfully throwing that out there as a possibility. The phone call originated in NY. Doc was notariz...
by vaught
Wed Sep 13, 2017 8:57 pm
Forum: Personal Consumer Issues
Topic: Laying sod... too late in the year?
Replies: 12
Views: 1852

Re: Laying sod... too late in the year?

Zoysia grows in the shade (front yard).

Putting Bermuda in the back where there is no such shade.
by vaught
Wed Sep 13, 2017 6:59 pm
Forum: Personal Consumer Issues
Topic: Laying sod... too late in the year?
Replies: 12
Views: 1852

Laying sod... too late in the year?

I need to lay zoysia in my front yard (pretty well shaded) and some Bermuda (much cheaper) in my back yard.

I've borrowed a buddy's tiller and plan on tearing up my front yard this weekend with the tiller. And laying the sod the following weekend.

I live in the southeast. Any concerns?
by vaught
Mon Sep 11, 2017 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: buying home w/o real estate agents questions?
Replies: 8
Views: 1422

Re: buying home w/o real estate agents questions?

Good luck with the purchase. Only potential flaw I saw in your plan would be if you are getting a mortgage on the home. You mentioned renting the property back to the owner until his home was finished. Most lenders require you to move in within a reasonable time (60 days at most that I've seen) if y...
by vaught
Tue Sep 05, 2017 3:24 pm
Forum: Investing - Help with Personal Investments
Topic: SUNY System 403(b) Annuity Options
Replies: 11
Views: 1229

Re: SUNY System 403(b) Annuity Options

I'm new to the site and still learning a lot so I'll go ahead and acknowledge that I'm anxious to hear other Bogleheads advice on this but wanted to offer my two cents. FYI, I followed your link but once to that site I clicked on the "fees" link and it was no good. The annuity is the product. The fu...