Search found 560 matches

by masonstone
Mon Jun 08, 2020 8:21 am
Forum: Personal Consumer Issues
Topic: Is FDIC limit 250K on a joint account? What about a bus
Replies: 2
Views: 328

Is FDIC limit 250K on a joint account? What about a bus

Hi, Is the FDIC limit of 250K separate for my business account and personal account within a bank? Or is it a combined number. Also if I have a joint account w/ my wife is the limit 500k for the joint account? So is it reasonable to assume this: 1. 500K FDIC limit for the joint account of me and my ...
by masonstone
Tue May 19, 2020 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: Does a Trust have to be registered in Texas?
Replies: 1
Views: 161

Does a Trust have to be registered in Texas?

Does a Trust have to be registered with anyone in Texas?
by masonstone
Mon May 18, 2020 8:38 am
Forum: Personal Investments
Topic: Can I have both a 401k and a SEP?
Replies: 2
Views: 168

Can I have both a 401k and a SEP?

I am employed and have my own business. Through my employed position I've contributed the max allowed $19,000 for 2019 to my 401k. My employer contributed an additional 10K. What's the maximum I can contribute through my business to my SEP for 2019 assuming the business made a net profit of $200,000...
by masonstone
Fri May 15, 2020 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: Selling home - low ball negotiation
Replies: 145
Views: 12241

Re: Selling home - low ball negotiation

Don't tell me all those great things. Please tell the people who submitted an offer --- and keep your asking price the same. OP, just realize that by holding firm on your price, you may lose that potential buyer. My wife and I submitted a very solid offer on a house we were considering purchasing i...
by masonstone
Fri May 15, 2020 10:55 am
Forum: Personal Finance (Not Investing)
Topic: Selling home - low ball negotiation
Replies: 145
Views: 12241

Re: Selling home - low ball negotiation

89% of asking price is a very reasonable offer. I’m surprised you think that’s low-balling considering that’s the only offer you’ve gotten.
by masonstone
Tue May 12, 2020 7:31 pm
Forum: Personal Finance (Not Investing)
Topic: Ppp loan forgiveness for independent contractors
Replies: 1
Views: 236

Ppp loan forgiveness for independent contractors

Hi,

So I’m an independent contractor and do not have employees. I don’t do payroll and just pay taxes on a schedule C at the end of the year. How can I get the ppp loan forgiven?
by masonstone
Sun May 03, 2020 10:44 am
Forum: Personal Finance (Not Investing)
Topic: Working with commercial landlord during this mess??
Replies: 8
Views: 930

Re: Working with commercial landlord during this mess??

Was wondering if any of you have heard or have any creative ideas to work with my landlord for a new business I purchased (event space/ballrooms) about 10 days before covid-19 outbreak shut everything down? Timing could not have been worse and at this point I paid a large premium for the business (...
by masonstone
Wed Apr 29, 2020 7:08 pm
Forum: Personal Finance (Not Investing)
Topic: How much home interest can I deduct off a 1 million dollar home mortgage.
Replies: 1
Views: 406

How much home interest can I deduct off a 1 million dollar home mortgage.

Hello, I bought a house last year for $1.2 million and I put $0.2 million down. I borrowed $1 million from the bank with a 3.5% interest. I only owned the house for half the year since I bought it mid-year. I know the new law says that you can only deduct a maximum 750K of the home mortgage interest...
by masonstone
Tue Apr 28, 2020 1:08 pm
Forum: Personal Investments
Topic: Increase international percentage a good idea?
Replies: 19
Views: 920

Re: Increase international percentage a good idea?

The world equity market cap index = 55% USA + 45% non-USA. That's what the world equity markets have decided. VT = 55% USA + 35% non-USA dev + 10% EM = par. Any deviation is tilting. And we're guilty. But away from the USA. Our split is 50/34/16. Par China = 4%. We like 7%. I don't trust the develo...
by masonstone
Tue Apr 28, 2020 10:39 am
Forum: Personal Investments
Topic: Increase international percentage a good idea?
Replies: 19
Views: 920

Re: Increase international percentage a good idea?

I'm planning on increasing my international asset allocation from 20% to 30%. That's going from 20% VTIAX to 30% VTIAX. Any thoughts on this plan? According to bloomberg the international market is undervalued as compared to the domestic market. I would say don't do it for that reason. Maybe do it ...
by masonstone
Tue Apr 28, 2020 9:18 am
Forum: Personal Investments
Topic: Increase international percentage a good idea?
Replies: 19
Views: 920

Increase international percentage a good idea?

I'm planning on increasing my international asset allocation from 20% to 30%. That's going from 20% VTIAX to 30% VTIAX. Any thoughts on this plan? According to bloomberg the international market is undervalued as compared to the domestic market.
by masonstone
Fri Apr 24, 2020 8:31 am
Forum: Personal Investments
Topic: How tax efficient is VTIAX?
Replies: 12
Views: 1098

Re: How tax efficient is VTIAX?

You seem to be asking whether Vanguard's Total Stock Index or Vanguards Total International index is more tax efficient. In general, the Total Stock is a little more tax-efficient but when you add in Total International's foreign tax credit they end up being very close. Sometimes one will do a litt...
by masonstone
Fri Apr 24, 2020 6:59 am
Forum: Personal Investments
Topic: How tax efficient is VTIAX?
Replies: 12
Views: 1098

Re: How tax efficient is VTIAX?

How does that compare with VTSAX?
by masonstone
Fri Apr 24, 2020 6:59 am
Forum: Personal Investments
Topic: Selling VTSAX in Vanguard Sep and buying in brokerage, wash sale?
Replies: 3
Views: 250

Selling VTSAX in Vanguard Sep and buying in brokerage, wash sale?

I want to convert the money in my Vanguard SEP retirement account from VTSAX to VTIAX. At the same time I want to buy VTSAX in my brokerage account. Is that considered a Wash sale?
by masonstone
Fri Apr 24, 2020 6:07 am
Forum: Personal Investments
Topic: How tax efficient is VTIAX?
Replies: 12
Views: 1098

How tax efficient is VTIAX?

How tax efficient is VTIAX?
by masonstone
Thu Apr 23, 2020 8:27 pm
Forum: Personal Finance (Not Investing)
Topic: physician/APC pay cuts
Replies: 133
Views: 10210

Re: physician/APC pay cuts

I am employed at a medium-size healthcare organization, which has recently asked for physicians/APCs to take voluntary pay cuts to improve financials within the organization. The system's production has been limited given non-emergent services are cancelled. With telehealth options now available in...
by masonstone
Thu Apr 23, 2020 9:05 am
Forum: Personal Finance (Not Investing)
Topic: Good website to find out about updates to tax laws and covid-19 relief?
Replies: 2
Views: 197

Good website to find out about updates to tax laws and covid-19 relief?

Does anyone have a recommendation for updates on tax laws and covid relief. Since I wasn't abreast of the info I missed out on the PPP. I'd like to not miss out on the next relief package or tax updates when they happen. Does anyone have any recommendations?
by masonstone
Wed Apr 22, 2020 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: Joint owners of a house, how much interest deduction
Replies: 1
Views: 203

Joint owners of a house, how much interest deduction

I am a joint owner of a house with another party. The house loan totals 1.1 million. I own it with someone else. Could we split the 1.1 million interest deduction or is it 750K per house mortgage interest deduction? I don't own any other homes.
by masonstone
Sun Apr 19, 2020 5:01 pm
Forum: Personal Investments
Topic: Home mortgage deduction
Replies: 2
Views: 233

Home mortgage deduction

Hi,

Is the $750,000 of the mortgage we can deduct calculated at the beginning of the year or the end of the year?
by masonstone
Sun Apr 19, 2020 4:34 pm
Forum: Personal Investments
Topic: Can an employee contribute to sep-ira?
Replies: 8
Views: 256

Re: Can an employee contribute to sep-ira?

We have heard that a person might put their own annual IRA contributions into their SEP IRA instead of into a separate traditional IRA. This has caused confusion because some people thought they were actually contributing to the SEP IRA (which is a way they are....but they aren't). Right, I’m confu...
by masonstone
Sun Apr 19, 2020 4:09 pm
Forum: Personal Investments
Topic: Can an employee contribute to sep-ira?
Replies: 8
Views: 256

Can an employee contribute to sep-ira?

Can employees also contribute to sep-IRA or is it only for employers to contribute to employees sep-IRA?
by masonstone
Sat Apr 18, 2020 11:22 am
Forum: Personal Finance (Not Investing)
Topic: Good Bank to use for Commercial purposes
Replies: 13
Views: 678

Re: Good Bank to use for Commercial purposes

Unless you are needing physical presence nationwide, there is NO reason to go with a large national. If the OP would tell us their city, state they might get some good recommendations. For SoCal: Pacific Premiere. ETA: sorry, just saw the state of TX, I have no value add on Tx bank opinions. I agre...
by masonstone
Sat Apr 18, 2020 10:15 am
Forum: Personal Finance (Not Investing)
Topic: Good Bank to use for Commercial purposes
Replies: 13
Views: 678

Re: Good Bank to use for Commercial purposes

Any other suggestions? Anyone have success w/ a major bank?
by masonstone
Tue Apr 14, 2020 11:24 am
Forum: Personal Finance (Not Investing)
Topic: Good Bank to use for Commercial purposes
Replies: 13
Views: 678

Re: Good Bank to use for Commercial purposes

Then it seems like you're selecting your next bank based on press reporting about PPP processing speed. Not what I would do, and as usual on this or any other internet forum, quality of input determines quality of output. Good luck. It's not just PPP processing speed, but a real lack of customer se...
by masonstone
Tue Apr 14, 2020 11:08 am
Forum: Personal Finance (Not Investing)
Topic: Good Bank to use for Commercial purposes
Replies: 13
Views: 678

Re: Good Bank to use for Commercial purposes

I don't have a recommendation but you're likely to get better ones if you can give a little information on what it is you're not getting from Wells Fargo, or why it's disappointed you. Well one example is how Wells Fargo is dragging its feet for the PPP program while other banks have already proces...
by masonstone
Tue Apr 14, 2020 10:56 am
Forum: Personal Finance (Not Investing)
Topic: Good Bank to use for Commercial purposes
Replies: 13
Views: 678

Good Bank to use for Commercial purposes

I've been using Wells Fargo for my commercial banking needs and have been disappointed. Does anyone have any recommendations for a good commercial bank in Texas?

I keep about 250K in the checking account of the commercial bank for operating expenses. Thanks in advance!
by masonstone
Mon Apr 06, 2020 11:47 am
Forum: Personal Investments
Topic: Money in Bonds or Pay off house
Replies: 18
Views: 893

Re: Money in Bonds or Pay off house

Can you deduct the mortgage interest? If not, you have a choice between a risk-free 3% for paying off your mortgage, or a somewhat risky (and more so now than in the past) 2.31% on Admiral shares of Vanguard Long-Term Tax-Exempt, which makes paying it off attractive. If you can deduct it (because y...
by masonstone
Mon Apr 06, 2020 10:44 am
Forum: Personal Investments
Topic: Money in Bonds or Pay off house
Replies: 18
Views: 893

Money in Bonds or Pay off house

After I reach a goal of $4million in stocks (combined VTSAX and VTIAX) I want to start putting money in safer investments. Should I put money in Bonds or should I pay off my house? My loan is a 30 year fixed loan at 3.0%. I'm in my mid 30s, in the highest tax bracket, w/ fairly secure employment. Al...
by masonstone
Sun Apr 05, 2020 12:18 pm
Forum: Investing - Theory, News & General
Topic: What's the best website to see a stock/mutual funds previous performance?
Replies: 13
Views: 724

Re: What's the best website to see a stock/mutual funds previous performance?

Thanks, yes it’s to analyze the volatility of various investments anywhere from TIPS to various bonds and ofcourse VTSAX
by masonstone
Sat Apr 04, 2020 2:48 pm
Forum: Investing - Theory, News & General
Topic: What's the best website to see a stock/mutual funds previous performance?
Replies: 13
Views: 724

Re: What's the best website to see a stock/mutual funds previous performance?

Makefile wrote:
Sat Apr 04, 2020 2:45 pm
Many here like PortfolioVisualizer.com
Do you know of a free website?
by masonstone
Sat Apr 04, 2020 2:44 pm
Forum: Investing - Theory, News & General
Topic: What's the best website to see a stock/mutual funds previous performance?
Replies: 13
Views: 724

What's the best website to see a stock/mutual funds previous performance?

What's the best website to see the previous performance of a stock, etf, bond, and treasuries?

Thanks!
by masonstone
Wed Apr 01, 2020 3:29 pm
Forum: Investing - Theory, News & General
Topic: Should I have seen this coming?
Replies: 107
Views: 7428

Re: Should I have seen this coming?

For the market timers or those tempted to market time... Did you get back in for this? "The Dow soared 2,112 points to close 11.3% higher, notching its biggest one-day percentage gain since 1933" https://www.msn.com/en-us/money/markets/dow-soars-11percent-in-best-day-since-1933-as-stimulus-deal-nea...
by masonstone
Wed Apr 01, 2020 3:28 pm
Forum: Investing - Theory, News & General
Topic: Buying only top 10 S&P500 companies every year
Replies: 55
Views: 3491

Re: Buying only top 10 S&P500 companies every year

The S&P 500 changes holdings quarterly, March, June, September, December. Let's go with December. What if... you bought 10% each of the top 10 holdings of the S&P 500 every December, sold whatever fell from the top 10 list. What would the performance be? I started looking into this but don't have a...
by masonstone
Sat Mar 21, 2020 9:53 am
Forum: Investing - Theory, News & General
Topic: Should I have seen this coming?
Replies: 107
Views: 7428

Re: Should I have seen this coming?

I understand but what’s the downside on pulling money out for 3 months? To state what might be obvious, let's say you had $10,000 in cash and $10,000 in Total Stock on 9/21/2018. The stock market falls just about 20%, so on 12/24/2018 you decide to pull your money out for 3 months. You only get $7,...
by masonstone
Sat Mar 21, 2020 9:07 am
Forum: Investing - Theory, News & General
Topic: Should I have seen this coming?
Replies: 107
Views: 7428

Re: Should I have seen this coming?

I understand but what’s the downside on pulling money out for 3 months? Because if we pulled money out for three months every time there was a threat of trouble in the world, we’d be pulling money out a lot. Which events are the real deal and which ones are false alarms? Very clear in hindsight, 0%...
by masonstone
Sat Mar 21, 2020 8:58 am
Forum: Investing - Theory, News & General
Topic: Should I have seen this coming?
Replies: 107
Views: 7428

Re: Should I have seen this coming?

I haven't read all of the hundreds of recent posts, but I have seen enough to know that there are many of us who regret not selling. I mean, it was so obvious, right? But if it *was* so obvious and we're so good at recognizing the future, then why aren't I seeing a bunch of posts about buying on ma...
by masonstone
Sat Mar 21, 2020 8:51 am
Forum: Investing - Theory, News & General
Topic: Should I have seen this coming?
Replies: 107
Views: 7428

Re: Should I have seen this coming?

When China closed Wuhan shouldn’t I have converted my VTSAX to money-market since I should have known an epidemic never stays local? No, you shouldn't have. First of all, "an epidemic never stays local" is vacuous. An epidemic never stays local, because until it does spread, it's not an "epidemic."...
by masonstone
Sat Mar 21, 2020 8:19 am
Forum: Investing - Theory, News & General
Topic: Should I have seen this coming?
Replies: 107
Views: 7428

Should I have seen this coming?

When China closed Wuhan shouldn’t I have converted my VTSAX to money-market since I should have known an epidemic never stays local? Worst case scenario, if I had pulled the funds out, I would’ve been out of the market for 2-3 months and could put money back in VTSAX if nothing happened? Im in my 30...
by masonstone
Thu Mar 12, 2020 12:33 pm
Forum: Investing - Theory, News & General
Topic: Long term returns higher due to recent crash?
Replies: 13
Views: 545

Re: Long term returns higher due to recent crash?

Having lived through several business cycles, it seems foolish to ignore that there is such a thing. Long term returns, whatever they may be, are better at the bottom than they are at the top. If I'm wrong, you just change the time frame until I'm right. If this challenges your belief in efficient ...
by masonstone
Thu Mar 12, 2020 11:29 am
Forum: Investing - Theory, News & General
Topic: Long term returns higher due to recent crash?
Replies: 13
Views: 545

Re: Long term returns higher due to recent crash?

You're basically asking for a prediction of the future. They might be higher. It might be another lost decade. Well we know for a fact that this virus will have a vaccine for it within a year and will almost definitely be gone by the summer of 2021. So I'd expect the disruptions to level off after ...
by masonstone
Thu Mar 12, 2020 10:45 am
Forum: Investing - Theory, News & General
Topic: Long term returns higher due to recent crash?
Replies: 13
Views: 545

Long term returns higher due to recent crash?

Are the expected long term returns going to be higher due to the market crash? I know before most people were saying you should expect a 6% long term return. But since the stock market is down almost 30% this year, do you expect a higher long-term return in the future?
by masonstone
Sat Feb 22, 2020 12:10 pm
Forum: Investing - Theory, News & General
Topic: Why does VTEAX have a purchase fee?
Replies: 32
Views: 2210

Re: Why does VTEAX have a purchase fee?

UpperNwGuy wrote:
Sat Feb 22, 2020 11:44 am
I don't like ETFs, so I didn't want to buy VTEB. I don't like purchase fees, so I didn't want to buy VTEAX. Instead I bought Vanguard Intermediate-Term Tax-Exempt Fund (VWITX), and I've been extremely happy with this mutual fund.
Why don't you like ETFs?
by masonstone
Sat Feb 22, 2020 10:59 am
Forum: Investing - Theory, News & General
Topic: Why does VTEAX have a purchase fee?
Replies: 32
Views: 2210

Re: Why does VTEAX have a purchase fee?

In this setting why would anyone purchase the mutual fund if there is a purchase fee where in the ETF there isn't?

The only advantage I see in the mutual fund is the bid/ask spread. I still don't understand what that means for index funds?
by masonstone
Sat Feb 22, 2020 9:33 am
Forum: Investing - Theory, News & General
Topic: Why does VTEAX have a purchase fee?
Replies: 32
Views: 2210

Re: Why does VTEAX have a purchase fee?

Note, on the ETFs. You are not buying the ETFs from Vanguard. You are buying shares that already exist in the secondary market. Now, if you are creating or redeeming shares (that is, adjusting the shares being traded on the secondary market) with Vanguard, that is a different issue. Now you have to...
by masonstone
Sat Feb 22, 2020 4:59 am
Forum: Investing - Theory, News & General
Topic: Why does VTEAX have a purchase fee?
Replies: 32
Views: 2210

Re: Why does VTEAX have a purchase fee?

First, you buy the ETF shares on an exchange just like buying a stock, not directly from Vanguard. Second, I would use the ETF shares to avoid a 0.25% purchase fee, but that is not an exorbitant fee. There are many mutual funds with expense ratios at or exceeding that level, meaning you are paying ...
by masonstone
Fri Feb 21, 2020 11:03 pm
Forum: Investing - Theory, News & General
Topic: Why does VTEAX have a purchase fee?
Replies: 32
Views: 2210

Re: Why does VTEAX have a purchase fee?

I’m not sure what you mean by “making extra cash for them.” As the Vanguard Tax-Exempt Bond Index Fund (it is better to give the fund name as well as the ticker because most people on this discussion board don't memorize tickers) prospectus explains: “Purchase Fees The Fund charges a purchase fee o...
by masonstone
Fri Feb 21, 2020 8:36 pm
Forum: Investing - Theory, News & General
Topic: Why does VTEAX have a purchase fee?
Replies: 32
Views: 2210

Why does VTEAX have a purchase fee?

Why does VTEAX have a purchase fee even if purchased on Vanguard.com?
by masonstone
Fri Feb 21, 2020 4:27 pm
Forum: Personal Investments
Topic: How do I find the annual rate of return for VTEAX?
Replies: 4
Views: 258

How do I find the annual rate of return for VTEAX?

How do I find the annual rate of return for VTEAX? The vanguard tax exempt bond fund?
by masonstone
Fri Feb 21, 2020 8:51 am
Forum: Personal Investments
Topic: In a tax advantages account do you pay tax on distributions?
Replies: 4
Views: 386

Re: In a tax advantages account do you pay tax on distributions?

Longdog wrote:
Fri Feb 21, 2020 8:48 am
No, as long as the distribution remains in the 401k. Everything becomes subject to taxes once it is withdrawn from the 401k.
Thank you, does this include selling it and buying stocks in the same 401k?