Search found 267 matches

by Raabe34
Thu Oct 01, 2020 5:05 pm
Forum: Personal Investments
Topic: Large inheritance advice please!
Replies: 48
Views: 8578

Re: Large inheritance advice please!

Payoff the mortgage, my gut says that her parents would have been happy with that answer from a philosophical point of view. From an investing point, you can't earn that much in bonds so why negative arbitrage yourself. Put the REITS in the taxable, all of them. 199A deduction will be worth it on th...
by Raabe34
Sun Mar 22, 2020 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: Upside down car: advice [car loan]
Replies: 57
Views: 3127

Re: Upside down car: advice

Sell immediately. Should have sold sooner.
by Raabe34
Sun Mar 22, 2020 4:35 pm
Forum: Personal Investments
Topic: Dealing With Fear
Replies: 13
Views: 1129

Re: Dealing With Fear

The tax loss harvest will offset and taxable gains plus any capital gains distributions. You can take 3k year until it is used up and does all you years down the road to sell gains for free if you need to sell for any purpose later.
by Raabe34
Tue Feb 25, 2020 5:35 pm
Forum: Personal Investments
Topic: 38 yr old having 2nd thoughts...
Replies: 93
Views: 10953

Re: 38 yr old having 2nd thoughts...

Your doubts about owning bonds for you are spot on.
by Raabe34
Wed Feb 19, 2020 2:30 pm
Forum: Personal Investments
Topic: 60 y/o MIL, $200k in savings
Replies: 10
Views: 2036

Re: 60 y/o MIL, $200k in savings

Your initial conclusion is the best. With not much saved for that age you need to at least give it a shot as long as she understands what is being done. The reality is that the overall situation is probably untenable.
by Raabe34
Thu Oct 17, 2019 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: Legacy/Inheritance
Replies: 61
Views: 7345

Re: Legacy/Inheritance

I'm 38 and you need to chop a bit over a $0 off the end of your number with our situation. Kids are 12, 9, 5 and everything is currently setup to go into a trust if something happens to us and they get 1/3 each at age 25, 30 and 35 and I tried to give my brother in law enough flexibility to adjust i...
by Raabe34
Thu Oct 03, 2019 10:07 am
Forum: Investing - Theory, News & General
Topic: If all brokerages charged zero commission for trades, which brokerage would you pick?
Replies: 80
Views: 8464

Re: If all brokerages charged zero commission for trades, which brokerage would you pick?

AlohaJoe wrote: Wed Oct 02, 2019 8:36 pm
Raabe34 wrote: Wed Oct 02, 2019 11:50 am
AlohaJoe wrote: Wed Oct 02, 2019 9:15 am The securities lending is nice. The easy access to margin for cash flow is nice.
Do you mean your ability to borrow against your securities or are you generating your own revenue that way?
Both.
Didn't know the part on generating on your own. Thanks
by Raabe34
Wed Oct 02, 2019 11:50 am
Forum: Investing - Theory, News & General
Topic: If all brokerages charged zero commission for trades, which brokerage would you pick?
Replies: 80
Views: 8464

Re: If all brokerages charged zero commission for trades, which brokerage would you pick?

So in other words, if all brokerages charged zero commission for trades, which brokerage is the best and why? The securities lending is nice. The easy access to margin for cash flow is nice. IB can connect to my Australian bank account and not just my US ones. Do you mean your ability to borrow aga...
by Raabe34
Wed Jul 24, 2019 1:20 pm
Forum: Personal Finance (Not Investing)
Topic: Medigap Broker or Not
Replies: 26
Views: 1382

Re: Medigap Broker or Not

After seeing people who have decided to go with BCBS without looking into the whole gamut I think you should kick the tires on the decision. I would not go with F based on the fact that new enrollments are going away soon if I recall correctly. And from the last time I looked at prices the cost of G...
by Raabe34
Tue Apr 30, 2019 11:28 pm
Forum: Personal Consumer Issues
Topic: EXTREMELY frugal things from our parents and grandparents
Replies: 110
Views: 10803

Re: EXTREMELY frugal things from our parents and grandparents

I lived a couple blocks away from my depression era grandparents in an extremely small town and we can check a whole lot of those boxes. The one I can add and I didn't realize it until adulthood but we spent a ton of time over there. They were our babysitters most of the time and stayed the night fr...
by Raabe34
Tue Apr 30, 2019 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: Earned income for 9 year old
Replies: 52
Views: 3781

Re: Earned income for 9 year old

A lot of wet blankets on this post, which really isn't all that surprising. I've done this for 4 years now with my now 11 yr old on the apartments I own. It's in a small town and we have to haul our own trash to the dump weekly. Kid helps with all parts of that process. Also shovels snow and assists...
by Raabe34
Thu Apr 04, 2019 2:58 pm
Forum: Investing - Theory, News & General
Topic: FIDO Zero Funds losing to Vanguard?
Replies: 58
Views: 7777

Re: FIDO Zero Funds losing to Vanguard?

Does anybody know the securities lending rebating % Fidelity is using? I'm guessing that's a pretty big piece of this equation.
by Raabe34
Tue Mar 26, 2019 11:26 pm
Forum: Investing - Theory, News & General
Topic: Dave Ramsey's Advice - Evaluated with Actual Returns from His Company's 401K
Replies: 101
Views: 15147

Re: Dave Ramsey's Advice - Evaluated with Actual Returns from His Company's 401K

In the case of Dave's 401k, they would not be paying any loads in the 401k plan due to being past the breakpoints. I think he takes that assumption(liberally) that we'll all be millionaires and won't be paying loads. He's fast forwarding a bit but he keeps the end in mind. The positive that he has b...
by Raabe34
Tue Mar 26, 2019 10:39 am
Forum: Personal Finance (Not Investing)
Topic: Need buying rental property from family advice
Replies: 16
Views: 1169

Re: Need buying rental property from family advice

One thing no one has mentioned yet is the fairly major loss to you of your 75k in gifts. You will not get to use that basis to depreciate against the property or when you eventually sell the property your capital gain will be bigger. FIL not claiming that income has huge value to him and the loss to...
by Raabe34
Thu Feb 21, 2019 3:45 pm
Forum: Personal Consumer Issues
Topic: Tip amount for daily newspaper delivery
Replies: 40
Views: 16602

Re: Tip amount for daily newspaper delivery

I delivered papers in the late 80s early 90s from grade 2 to grade 6 in a town of 300 with a route of 30 some papers. 6 day/week and made $50/mo. This included all the put it between doors, walk in garage and avoid dogs ect. I remember some very small tips at Christmas and I remember a model of the ...
by Raabe34
Thu Jan 24, 2019 10:48 am
Forum: Investing - Theory, News & General
Topic: 1st year with a rental property - hitting singles
Replies: 37
Views: 4313

Re: 1st year with a rental property - hitting singles

Sounds like you're getting it figured it out, I've been doing it over a decade at this point. It truly is running a business and not a passive investment.

What happened to that thread from a couple weeks ago chastisizing bogleheads for not buying real estate?
by Raabe34
Wed Jan 23, 2019 3:53 pm
Forum: Personal Investments
Topic: 199A Pass Thru double dip?
Replies: 5
Views: 367

Re: 199A Pass Thru double dip?

Good afternoon everyone. I am learning about this 199a pass though deduction and it seems that my family will qualify for almost all 20% of it. Here is my question: We have a rental property not yet in an LLC. Can we use the deduction for this LLC as well? Or would the IRS see this as a double dipp...
by Raabe34
Mon Jan 07, 2019 11:54 pm
Forum: Personal Finance (Not Investing)
Topic: Are we at "Peak FI"?
Replies: 93
Views: 10829

Re: Are we at "Peak FI"?

2) I was in college during Houston Oil Bust. I graduated into Texas Saving & Loan Crisis. I was in Asia during the Asian Currency Crisis. I was in Telecom during Telecom Bust. Then, my employer laid off 50% of its employees at my location on 1/1/2009. In summary, I have no job security for my 20...
by Raabe34
Mon Jan 07, 2019 3:49 pm
Forum: Personal Investments
Topic: Equity-indexed annuity - Helping a Parent Who Bought In
Replies: 16
Views: 1074

Re: Equity-indexed annuity - Helping a Parent Who Bought In

You'll have much better luck with the insurance company directly. I have an extremely hard time believing the surrender charges are only 1% unless the contract is pretty old. A lot of these are 15 year surrender schedules and are double digits for the % in the early years.
by Raabe34
Thu Nov 29, 2018 2:46 pm
Forum: Personal Investments
Topic: What would you do with $6,000 in gold and silver?
Replies: 40
Views: 4154

Re: What would you do with $6,000 in gold and silver?

Dump it because the expected return on metal I would have is basically the inflation # with slight periods of over and under performance. You need to keep something around though to remind you of the mistake and the hype that you bought into initially. Believe me I saw it as I helped a relative bury...
by Raabe34
Fri Oct 05, 2018 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: More Life Insurance?
Replies: 8
Views: 779

Re: More Life Insurance?

I think you are getting close to self insured. I would look at something like a 10yr for 250k and at that point you should be really close to self insured and kids be off the dole. It really shouldn't be that expensive.
by Raabe34
Wed Sep 12, 2018 4:59 pm
Forum: Personal Investments
Topic: Wife's Roth @ a Financial Advisor
Replies: 33
Views: 2052

Re: Wife's Roth @ a Financial Advisor

Just so I get the facts right.

Worth 86k today and she is 32 and hasn't been contributed to in 8 years? Either this guys is hitting home runs or someone else funded this pretty good when she was younger.
by Raabe34
Fri Aug 17, 2018 11:54 am
Forum: Personal Finance (Not Investing)
Topic: Do we really need to save 20 % ?
Replies: 28
Views: 3125

Re: Do we really need to save 20 % ?

Refer to last housing crisis.
by Raabe34
Thu Aug 16, 2018 11:11 am
Forum: Personal Finance (Not Investing)
Topic: Help! Yet Another WL insurance question [Whole Life]
Replies: 10
Views: 770

Re: Help! Yet Another WL insurance question [Whole Life]

If I do term insurance and "invest the difference" wouldn't I have to do significantly better in an investment account? So if I get 4-5% return on my WL policy wouldn't I need to at least double that in an investment account (10%) because it's a taxable account? Why do you say that? How d...
by Raabe34
Sun Aug 12, 2018 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: Understanding Medicare Options?
Replies: 43
Views: 3145

Re: Understanding Medicare Options?

Not that this this should matter in an individuals decision but from a volunteer position on a board of a hospital: But we get reimbursed less from MA plan than for med supp plans. And they are generally harder to work with. So if you've got any type of relationship with a doctor/system get some inp...
by Raabe34
Thu Aug 09, 2018 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: QUESTION ANSWERED - House I paid 157k in 2007 sold for 55k in 2018
Replies: 25
Views: 2984

Re: House I paid 157k in 2007 sold for 55k in 2018 - CPA saying I will owe capital gains tax

Pull out your 2017 depreciation schedule out of the tax return and I think some of these answers might come to light.
by Raabe34
Mon Aug 06, 2018 8:35 am
Forum: Investing - Theory, News & General
Topic: The stock market is shrinking.
Replies: 68
Views: 8465

Re: The stock market is shrinking.

My semi-anecdotal evidence comes from a Bank President I know just a bit professionally/personally. They were a mutual savings bank that was a very successful organization and decided to demutualize a few years back. Total market cap is around 80 Mil, made roughly 3.5 mil in 2017 have a history of s...
by Raabe34
Sat Aug 04, 2018 10:55 pm
Forum: Investing - Theory, News & General
Topic: The stock market is shrinking.
Replies: 68
Views: 8465

Re: The stock market is shrinking.

gasman wrote: Sat Aug 04, 2018 7:51 pm 1. Why is the number of publicly trade companies shrinking?
2. What can/should an investor do other than diversify as widely as possible?
Sarbanes Oxley - makes it expensive for a smaller company to be public and is incentive to stay private.
by Raabe34
Tue Jul 31, 2018 10:39 pm
Forum: Personal Finance (Not Investing)
Topic: Ascensus as 401k TPA
Replies: 4
Views: 622

Re: Ascensus as 401k TPA

Good luck.
by Raabe34
Thu Jul 12, 2018 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: New construction: financing fell through, builder won't return deposit/earnest $
Replies: 43
Views: 6554

Re: New construction: financing fell through, builder won't return deposit/earnest $

If I were in your shoes I would recognize that I signed a contract and did not perform and therefore forfeit the deposit. Ya, and give up 15k. Sure.... I"m shocked by a boglehead callousness for an agreement that someone signed in good faith. If the company had performed differently and not co...
by Raabe34
Thu Jul 12, 2018 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: New construction: financing fell through, builder won't return deposit/earnest $
Replies: 43
Views: 6554

Re: New construction: financing fell through, builder won't return deposit/earnest $

If I were in your shoes I would recognize that I signed a contract and did not perform and therefore forfeit the deposit.
by Raabe34
Thu Jul 05, 2018 9:48 pm
Forum: Personal Investments
Topic: 401k fees...what's "too high?"
Replies: 50
Views: 4779

Re: 401k fees...what's "too high?"

We're missing a relevant data point here on the overall size of the plan. But if this plan is under 15 mil total that's very reasonable and I could make the case that Vanguard is the largest hog at the trough. All they are doing is running the mutual fund, not recordkeeping contributions, maintaini...
by Raabe34
Thu Jul 05, 2018 9:42 pm
Forum: Personal Investments
Topic: 401k fees...what's "too high?"
Replies: 50
Views: 4779

Re: 401k fees...what's "too high?"

We're missing a relevant data point here on the overall size of the plan. But if this plan is under 15 mil total that's very reasonable and I could make the case that Vanguard is the largest hog at the trough. All they are doing is running the mutual fund, not recordkeeping contributions, maintaini...
by Raabe34
Thu Jul 05, 2018 1:55 pm
Forum: Personal Investments
Topic: 401k fees...what's "too high?"
Replies: 50
Views: 4779

Re: 401k fees...what's "too high?"

I am no expert, but 44bp seems like a lot to me. Vanguard itself is charging 15bp and they are the ones doing all the work. Now I'm worried that our 401k might be doing something similar. I would be very unhappy if that were the case. We're missing a relevant data point here on the overall size of ...
by Raabe34
Tue Jul 03, 2018 2:14 pm
Forum: Personal Investments
Topic: 33 year old- How am I doing?
Replies: 22
Views: 2602

Re: How am I doing?

Too much in an emergency fund and it doesn't appear that you're maxing the roth for you. You need to max that and open one for your spouse and use some of that emergency fund money for 2018.
by Raabe34
Mon Jul 02, 2018 2:22 pm
Forum: Investing - Theory, News & General
Topic: Vanguard to offer non-Vanguard ETFs commission-free
Replies: 245
Views: 27380

Re: Vanguard to offer non-Vanguard ETFs commission-free

livesoft wrote: Mon Jul 02, 2018 9:37 am Ah, it's nice when feedback to Vanguard leads to implementation.

The costs and expenses to implement commissions are probably higher than any income that they get from commissions anyways.

This is also why Robinhood and M1 Finance are not going to survive in my opinion.
concur
by Raabe34
Tue Jun 12, 2018 9:09 am
Forum: Personal Investments
Topic: Cash Balance Plan- Should I participate
Replies: 8
Views: 1187

Re: Cash Balance Plan- Should I participate

Just like you can have multiple vendors inside a 401k you can have multiple vendors inside a CB.

All the same risks apply. I'm guessing he's structured slightly differently than you think because he would have his "own" 50k contribution vs the company one.
by Raabe34
Tue Jun 12, 2018 8:09 am
Forum: Personal Investments
Topic: Cash Balance Plan- Should I participate
Replies: 8
Views: 1187

Re: Cash Balance Plan- Should I participate

I'm not sure you truly understand the cash balance and what the 3% means. The # only really matters in the actuarial calc and is probably somewhat indicative of how unaggressive the rest of the folks are invested. You should be able to open an account in the plans name and signature by a trustee and...
by Raabe34
Mon May 21, 2018 9:43 am
Forum: Personal Finance (Not Investing)
Topic: Buying a Vacation Rental Property as an Investment
Replies: 54
Views: 6683

Re: Buying a Vacation Rental Property as an Investment

A few of my friends made and continue to make a killing off of vacation/Air BnB rentals in desirable vacation destinations. They gross over $75K in annual rents on a single property. This requires a significant amount of time and/or systems compared to a regular rental. I like relatively passive re...
by Raabe34
Sat May 19, 2018 5:37 pm
Forum: Personal Investments
Topic: Young Doctor Couple - Starting Work, Starting to Invest
Replies: 31
Views: 3667

Re: Young Doctor Couple - Starting Work, Starting to Invest

Get a real accountant to run tax projections on the incomes. I've seen a bunch of cases where it ends up costing 10k+ in taxes to get a cheaper repayment schedule(newsflash you've probably got to pay it back either way).

So go into scenarios with an open mind on possibly filing joint.
by Raabe34
Tue May 15, 2018 10:12 pm
Forum: Personal Finance (Not Investing)
Topic: Can a <median household save 1 year of expenses every year?
Replies: 158
Views: 12831

Re: Can a <median household save 1 year of expenses every year?

In 2004 I was fresh out of college, newly married and ended up making right around 55k that year, combined. If you count principal reduced on home loan, yes we achieved it for that year. I don't have meticulous records but we were right in the neighborhood of 25k saved. Didn't do a ton but didn't m...
by Raabe34
Tue May 15, 2018 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: Can a <median household save 1 year of expenses every year?
Replies: 158
Views: 12831

Re: Can a <median household save 1 year of expenses every year?

In 2004 I was fresh out of college, newly married and ended up making right around 55k that year, combined. If you count principal reduced on home loan, yes we achieved it for that year. I don't have meticulous records but we were right in the neighborhood of 25k saved. Didn't do a ton but didn't mi...
by Raabe34
Mon May 07, 2018 11:19 am
Forum: Personal Finance (Not Investing)
Topic: Medicare supplement policy G -does it offer guaranteed issue rights if insurance company goes bankrupt or ends?
Replies: 23
Views: 2643

Re: Medicare supplement policy G -does it offer guaranteed issue rights if insurance company goes bankrupt or ends?

That is my understanding also and the more likely option to me is that they cancel medigap policies in a state or just period. I don't know if a company has ever done that but that seems like a possibility to me. The government has been pretty decent with those issues on health insurance ones that f...
by Raabe34
Tue May 01, 2018 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: Security Based Lending Rates
Replies: 5
Views: 785

Re: Security Based Lending Rates

Doesn't matter where proceeds are going from loan - it's a margin loan from the broker. You might be able to negotiate on rates. Can also check with a credit union and let them have a security interest in the account.
by Raabe34
Wed Apr 25, 2018 2:58 pm
Forum: Personal Finance (Not Investing)
Topic: Term4Sale Agent - Am I getting bad advice?
Replies: 7
Views: 1463

Re: Term4Sale Agent - Am I getting bad advice?

If you want a second opinion contact these guys.


https://www.zanderins.com/
by Raabe34
Tue Apr 24, 2018 2:26 pm
Forum: Personal Investments
Topic: Considering No 401K Contribution or Profit Sharing For 2018
Replies: 21
Views: 2211

Re: Considering No 401K Contribution or Profit Sharing For 2018

If you're going down that road make a Roth 401k contribution.
by Raabe34
Mon Apr 16, 2018 10:12 pm
Forum: Personal Investments
Topic: IRA with basis - what can be done?
Replies: 15
Views: 2260

Re: IRA with basis - what can be done?

Thanks spiritrider