Search found 61 matches

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: 604

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: 604

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: 1120

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: 2190

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: 747

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: 1419

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: 568

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: 568

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: 3231

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: 568

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: 209

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: 1131

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: 1131

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: 511

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: 511

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: 511

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: 22680

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: 2938

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: 2938

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: 2938

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: 661

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: 18172

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: 18172

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: 18172

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: 769

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: 769

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: 769

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: 1242

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: 1242

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: 611

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: 1158

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: 9031

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: 1176

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: 2636

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: 1161

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: 5788

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: 392
Views: 65386

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: 1740

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: 1740

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: 1355

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: 1131

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...
by vaught
Tue Sep 05, 2017 12:29 pm
Forum: Investing - Help with Personal Investments
Topic: Multiple 529s?
Replies: 8
Views: 940

Re: Multiple 529s?

The two children will only be two grades apart.
by vaught
Tue Sep 05, 2017 11:48 am
Forum: Investing - Help with Personal Investments
Topic: Multiple 529s?
Replies: 8
Views: 940

Multiple 529s?

We've been funding a 529 since the day our first child was born. Now that child #2 is here we would like to do the same. Is there any benefit to actually starting a second separate 529 or is it better to just start contributing double the amount to the 529 already in place? Since the 529s are transf...
by vaught
Mon Sep 04, 2017 7:10 pm
Forum: Personal Finance (Not Investing)
Topic: Public Service Loan Forgiveness Question
Replies: 5
Views: 945

Re: Public Service Loan Forgiveness Question

My understanding is that only those payments made while enrolled under an income based repayment plan will count.

Using your own link find the "what is a qualifying repayment plan?" link and read. It references the standard payment plan as not counting.
by vaught
Thu Aug 31, 2017 3:31 pm
Forum: Personal Finance (Not Investing)
Topic: Looking for some feedback on finances/planned home purchase.
Replies: 14
Views: 1494

Re: Looking for some feedback on finances/planned home purchase.

My wife and I closed on our first house on a Thursday and got married that Saturday. Agree with others that ideally you would be married first but only you and your fiancé can make that call. If ya'll are convinced that it won't be an issue (and I think you would start to know when contemplating a 3...
by vaught
Tue Aug 29, 2017 7:27 pm
Forum: Personal Finance (Not Investing)
Topic: How do you know you're not being scammed when buying a house?
Replies: 33
Views: 3877

Re: How do you know you're not being scammed when buying a house?

As buyer you likely can choose your closing attorney so long as they are qualified and have proper errors and omissions coverage. But yes, the bank will be even more mindful than you. Bottom line is that if you signed a mortgage on a house you didn't own (since the "Seller" didn't have title to conv...
by vaught
Tue Aug 29, 2017 7:22 pm
Forum: Personal Finance (Not Investing)
Topic: How do you know you're not being scammed when buying a house?
Replies: 33
Views: 3877

Re: How do you know you're not being scammed when buying a house?

At some point the Seller will have to sign a notarized warranty deed conveying the property to you. And the closing attorney will be cutting a check to the owner of record. Not some random person. The closing attorney and title insurance company shouldn't have incentive to scam you as they're the on...
by vaught
Tue Aug 29, 2017 7:20 pm
Forum: Personal Finance (Not Investing)
Topic: How do you know you're not being scammed when buying a house?
Replies: 33
Views: 3877

Re: How do you know you're not being scammed when buying a house?

If you have a mortgage your lender will require the closing attorney/title company to do a title search and either issue a Certificate of Title or a title insurance policy. They would ensure the proper owner conveyed it to you. Sure, mistakes happen. And that's why title insurance is handy. But flat...
by vaught
Wed Aug 23, 2017 9:46 am
Forum: Investing - Help with Personal Investments
Topic: Newbie question.... calculating ER?
Replies: 6
Views: 517

Re: Newbie question.... calculating ER?

Thanks Taco Night.

That's good news. It's a brand new account that will increase by $1,500/month so that fee should be fairly nominal really soon.
by vaught
Wed Aug 23, 2017 8:52 am
Forum: Investing - Help with Personal Investments
Topic: Newbie question.... calculating ER?
Replies: 6
Views: 517

Newbie question.... calculating ER?

The ER of the fund (Vanguard target date) I have chosen in a retirement account is only 0.09.

However, the provider charges an administrative fee of $4.25 per month.

What would the true ER be after taking into consideration the monthly fee? Is it ($4.25 x 12 = 0.51 + 0.09) = 0.6?