Search found 40 matches

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: 147
Views: 15221

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: 147
Views: 15221

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: 147
Views: 15221

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: 652

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: 652

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: 652

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: 1037

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: 1037

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: 455

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: 939

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: 87
Views: 6318

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: 844

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: 2130

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: 1025

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: 4497

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: 391
Views: 55276

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: 1452

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: 1452

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: 1217

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: 878

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: 730

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: 730

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: 828

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: 1267

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: 3459

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: 3459

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: 3459

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: 438

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: 438

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?
by vaught
Tue Aug 22, 2017 9:43 am
Forum: Investing - Help with Personal Investments
Topic: Contribute to 403(b) or taxable account?
Replies: 7
Views: 930

Re: Contribute to 403(b) or taxable account?

What are the chances your wife will stay employed with this exact same school district for the next decade plus? All you have to do is switch districts at some point and you can roll all those contributions over to a IRA with a low cost provider and invest how you choose. If she may take a break at...
by vaught
Mon Aug 21, 2017 5:24 pm
Forum: Investing - Help with Personal Investments
Topic: Contribute to 403(b) or taxable account?
Replies: 7
Views: 930

Contribute to 403(b) or taxable account?

My wife is a school teacher for a public school district. She has a salary of $48,500 (importantly, we file taxes as married filing separately in order to allow her to take advantage of Public Service Student Loan Forgiveness). We are fortunate that we do not need her salary to help with expenses be...
by vaught
Mon Aug 21, 2017 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: which mortgage to take?
Replies: 8
Views: 516

Re: which mortgage to take?

Option 1.

I just think the potential gain of choosing Option 2 is far outweighed by the risk of choosing Option 2.
by vaught
Mon Aug 21, 2017 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: CFP vs MBA with focus in finance/management during career transition
Replies: 21
Views: 1986

Re: CFP vs MBA with focus in finance/management during career transition

I am considering enrollment in an online CFP-based course of study with the goal of transitioning from my current career into one where I can eventually work for myself and help people directly, possibly in finance. One of my biggest pet peeves is watching consumers make ill-informed financial deci...
by vaught
Thu Aug 17, 2017 2:28 pm
Forum: Investing - Help with Personal Investments
Topic: Opening an HSA tomorrow...
Replies: 10
Views: 728

Re: Opening an HSA tomorrow...

I use Health Savings Administrators. It's very easy to assemble a three fund portfolio there (VTSAX, VTIAX, VBTLX). The annual account administrative fees are a smidge high ($45/year). Other than that no real complaints. The interface isn't great but I only log in 2-3 times a year. It's easy enough...
by vaught
Thu Aug 17, 2017 2:26 pm
Forum: Investing - Help with Personal Investments
Topic: Opening an HSA tomorrow...
Replies: 10
Views: 728

Re: Opening an HSA tomorrow...

Thanks for both replies.

In case it is relevant, neither my employer or my wife's employer offer HSAs. So obviously no matching either. These would just be set up by us independently.
by vaught
Thu Aug 17, 2017 2:15 pm
Forum: Investing - Help with Personal Investments
Topic: Opening an HSA tomorrow...
Replies: 10
Views: 728

Opening an HSA tomorrow...

I need to open up an HSA and want to get started on it right away. The "plan" would be to utilize it like an extra traditional IRA. Of course having the option to seek medical expense reimbursement makes it all the better. I have an individual health insurance plan for myself that qualifies as HDHP....
by vaught
Wed Aug 16, 2017 10:02 am
Forum: Investing - Help with Personal Investments
Topic: Trying to Save and Invest more Efficiently
Replies: 10
Views: 1436

Re: Trying to Save and Invest more Efficiently

Congrats on such a great savings rate. If you can afford it, I would max her 403b. I would also max her 457 if it is governmental (again if you can afford it). You would have to model your taxable income at various contribution levels to determine where you change brackets. But my calculator says y...
by vaught
Tue Aug 15, 2017 11:58 am
Forum: Investing - Help with Personal Investments
Topic: Trying to Save and Invest more Efficiently
Replies: 10
Views: 1436

Re: Trying to Save and Invest more Efficiently

To answer some of the pertinent questions asked: 1. Ages - 33, wife is 30, 2 yo and an infant 2. Asset Allocation - 90/10 stocks 3. Debt - we only have two pieces of debt. No credit card debt. No auto debt. Mortgage is 200k (home is conservatively 275-300k). Second piece of debt is wife's student lo...
by vaught
Tue Aug 15, 2017 11:48 am
Forum: Investing - Help with Personal Investments
Topic: Trying to Save and Invest more Efficiently
Replies: 10
Views: 1436

Re: Trying to Save and Invest more Efficiently

Since my original post, I've gotten a few pieces of news that will help with decision making. 1. Good news. I signed up for my new employer's 401k and there are multiple Vanguard accounts that I am used to seeing with super low expense ratios. I figured out what I had already contributed this year i...
by vaught
Fri Aug 11, 2017 2:33 pm
Forum: Investing - Help with Personal Investments
Topic: Trying to Save and Invest more Efficiently
Replies: 10
Views: 1436

Trying to Save and Invest more Efficiently

I have been saving and investing pretty regularly for the last five years but have had a couple life changes recently that necessitate revisiting what I've been doing and revising to save/invest more. The main change is that I have obtained a new job that gives my wife and I more flexibility to save...