Search found 235 matches

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: 37
Views: 3347

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 complet...
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: 37
Views: 3347

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: Investing - Help with Personal Investments
Topic: 401k fees...what's "too high?"
Replies: 50
Views: 3168

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: Investing - Help with Personal Investments
Topic: 401k fees...what's "too high?"
Replies: 50
Views: 3168

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: Investing - Help with Personal Investments
Topic: 401k fees...what's "too high?"
Replies: 50
Views: 3168

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: Investing - Help with Personal Investments
Topic: 33 year old- How am I doing?
Replies: 22
Views: 2141

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: 124
Views: 9394

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: Investing - Help with Personal Investments
Topic: Cash Balance Plan- Should I participate
Replies: 8
Views: 683

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: Investing - Help with Personal Investments
Topic: Cash Balance Plan- Should I participate
Replies: 8
Views: 683

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: 53
Views: 4582

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: Investing - Help with Personal Investments
Topic: Young Doctor Couple - Starting Work, Starting to Invest
Replies: 31
Views: 2964

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: 8536

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: 8536

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: 18
Views: 1218

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: 493

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: 786

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: Investing - Help with Personal Investments
Topic: Considering No 401K Contribution or Profit Sharing For 2018
Replies: 12
Views: 1218

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: Investing - Help with Personal Investments
Topic: IRA with basis - what can be done?
Replies: 15
Views: 1609

Re: IRA with basis - what can be done?

Thanks spiritrider
by Raabe34
Mon Apr 16, 2018 9:50 am
Forum: Personal Finance (Not Investing)
Topic: Can I retire at age 40?
Replies: 158
Views: 17681

Re: Can I retire at age 40?

I'm in a similar vein that you are but I can't get over the idea of the kids seeing me sit at home while they went to school at those young impressionable ages. The phrase money comes from work get used a bunch here. My oldest(10) has funded a Roth with paper route money and is getting the idea tha...
by Raabe34
Mon Apr 16, 2018 9:45 am
Forum: Personal Finance (Not Investing)
Topic: Can I retire at age 40?
Replies: 158
Views: 17681

Re: Can I retire at age 40?

I'm in a similar vein that you are but I can't get over the idea of the kids seeing me sit at home while they went to school at those young impressionable ages. The phrase money comes from work get used a bunch here. My oldest(10) has funded a Roth with paper route money and is getting the idea that...
by Raabe34
Tue Apr 10, 2018 10:09 pm
Forum: Investing - Help with Personal Investments
Topic: IRA with basis - what can be done?
Replies: 15
Views: 1609

Re: IRA with basis - what can be done?

I'm opening with TDA. Grabbed some other random plan doc. The box is checked to allow rollovers.
by Raabe34
Tue Apr 10, 2018 9:17 pm
Forum: Investing - Help with Personal Investments
Topic: IRA with basis - what can be done?
Replies: 15
Views: 1609

Re: IRA with basis - what can be done?

It is not a problem, but an opportunity. Make sure the solo K document permits rollovers, then roll 50k into the solo K. The solo K cannot accept any IRA basis so the most you can roll into it is 50k and the most you would WANT to roll into it is 50k. Then simply convert the remaining 50k of IRA ba...
by Raabe34
Tue Apr 10, 2018 5:08 pm
Forum: Investing - Help with Personal Investments
Topic: IRA with basis - what can be done?
Replies: 15
Views: 1609

IRA with basis - what can be done?

For round #'s sake lets just say that I've got 100k in an IRA that has 50k in basis in it. I am now eligible to do an I 401k. I am above income limits and would like to move that 100k in the I 401k and make back door contributions going forward. Well that is a silly idea because of the amount of bas...
by Raabe34
Tue Apr 10, 2018 10:20 am
Forum: Personal Finance (Not Investing)
Topic: Cash flow problems - best way to handle?
Replies: 134
Views: 8905

Re: Cash flow problems - best way to handle?

I don't think I was as direct about my idea on the first post as I could have been. You obviously own a valuable piece of RE and I'm not familiar with your local market for it but could you run some airbnb rentals through it when the kids aren't there? That might be less hassle than permanently rent...
by Raabe34
Mon Apr 09, 2018 10:48 am
Forum: Personal Finance (Not Investing)
Topic: Cash flow problems - best way to handle?
Replies: 134
Views: 8905

Re: Cash flow problems - best way to handle?

HOA fee $131.50 (Due quarterly; value here is for one month) Mortgage Payment $2,302.60 (Includes principal, interest, homeowner's insurance and property taxes) Job take-home $4,569.92 None of the other things mentioned can help enough when over 50% of your income is going here. It might not be easy...
by Raabe34
Fri Apr 06, 2018 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: Small company 401k plans
Replies: 42
Views: 2767

Re: Small company 401k plans

The real question is just how complex of a plan is it? If all you're talking about is some people contributing and 5% match for example you are in a super simple state. If the plan is in place to let the owner's max out it's a whole different scenario. The plan most likely has a TPA under Hancock do...
by Raabe34
Tue Apr 03, 2018 11:49 am
Forum: Investing - Help with Personal Investments
Topic: Tax Deduction on past Roth 401k contributions - HELP!
Replies: 4
Views: 790

Re: Tax Deduction on past Roth 401k contributions - HELP!

Have you talked to your HR yet as to why it's coming through the on the k-1 and why. From there formulate the next steps.
by Raabe34
Tue Mar 27, 2018 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: Another Whole Life Question
Replies: 23
Views: 1935

Re: Another Whole Life Question

I would cancel those monstrosities after term is in place. The reason to 1035 would be to protect an untapped gain. You could move over 47k roughly which could grow to that X # of cost basis. It's kinda big but not that big. I would use it to get something in the 529's and work on making back door r...
by Raabe34
Mon Mar 26, 2018 9:18 am
Forum: Investing - Theory, News & General
Topic: More bad news for Wealthfront
Replies: 30
Views: 7495

Re: More bad news for Wealthfront

Just the simple math without bringing in the risk parity stuff: 8 Billion X 25 bps = 20,000,000 in revenue, total. They have to be bleeding cash at that level. So even if they find places to add revenue and continue to add assets they are a long ways from profitability/sustainability. These will not...
by Raabe34
Sat Mar 24, 2018 9:05 pm
Forum: Personal Finance (Not Investing)
Topic: Whole Life Policy - Cash in or not?
Replies: 19
Views: 1554

Re: Whole Life Policy - Cash in or not?

So heirs would get about 60k more if she passed tomorrow. Odds seem pretty good she could allocate herself and beat the insurance with a high probability.
by Raabe34
Sat Mar 24, 2018 11:37 am
Forum: Investing - Help with Personal Investments
Topic: "I won the Lottery" update -
Replies: 33
Views: 8463

Re: "I won the Lottery" update -

I vividly remember the first post. I thought you had a chance at that point and appears the probability for success is trending upwards. If you continue to look at that pile of money in the taxable accounts and want to grab any as much as you would a hot frying pan you should be ok. With those incom...
by Raabe34
Wed Mar 21, 2018 10:15 am
Forum: Personal Finance (Not Investing)
Topic: Employee Fiduciary Update - 15 months in
Replies: 12
Views: 1514

Re: Employee Fiduciary Update - 15 months in

Can you engage EF as a recordkeeper only and then hire an outside TPA?
by Raabe34
Tue Mar 20, 2018 12:35 pm
Forum: Investing - Help with Personal Investments
Topic: Best 401k for small companies?
Replies: 12
Views: 1296

Re: Best 401k for small companies?

Devil's Advocate wrote:
Tue Mar 20, 2018 12:07 pm
Does Employee Fiduciary act as both custodian and trustee?

DA
EF is not a custodian - they typically us TD or a retirement plan one called MG Trust.
by Raabe34
Mon Mar 19, 2018 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: How seriously do you take emergency fund advice?
Replies: 29
Views: 1906

Re: How seriously do you take emergency fund advice?

Payoff the student loans and rebuild the emergency fund.
by Raabe34
Thu Mar 15, 2018 11:38 pm
Forum: Investing - Help with Personal Investments
Topic: Selling investments - taxes
Replies: 21
Views: 1254

Re: Selling investments - taxes

Depending on the timing of the STCG going to LTCG do you have the ability to borrow against the account? Interest for a short run I'm guessing is cheaper than STCG.
by Raabe34
Thu Mar 15, 2018 10:50 am
Forum: Investing - Help with Personal Investments
Topic: Selling investments - taxes
Replies: 21
Views: 1254

Re: Selling investments - taxes

Capital gains rates, look them up and come back.
by Raabe34
Mon Mar 12, 2018 5:15 pm
Forum: Personal Finance (Not Investing)
Topic: Help with Estimated Taxes on Sale of Rental Property
Replies: 3
Views: 367

Re: Help with Estimated Taxes on Sale of Rental Property

Get a real accountant to to do the work. With those kind of $ amounts it can be paid for very quickly.
by Raabe34
Wed Mar 07, 2018 6:27 pm
Forum: Investing - Help with Personal Investments
Topic: Strategies for a family with two young children - looking for advice
Replies: 15
Views: 1453

Re: Strategies for a family with two young children - looking for advice

Your IRA strategy for the kids is not clear to me. How does having Roths for them NOW going to help offset your income in the future? Not saying that the Roths for kids are a bad idea, I just don’t get why it will help you later. You need to provide more information on your income and expenses to g...
by Raabe34
Tue Mar 06, 2018 11:40 pm
Forum: Investing - Help with Personal Investments
Topic: Keep or get out of Variable annuity? Hairy math.
Replies: 35
Views: 1923

Re: Keep or get out of Variable annuity? Hairy math.

I am very surprised that the internal expenses in the VA are only 0.35%. That sounds like a rider expense, not the expense for the annuity itself which could run 1.25% by itself. Post the name and product if you want and it can be checked out. It is a Northwestern Mutual VA Account B for fee-based ...
by Raabe34
Tue Mar 06, 2018 9:38 pm
Forum: Personal Finance (Not Investing)
Topic: Unique (I think) Whole Life Insurance Question
Replies: 10
Views: 1664

Re: Unique (I think) Whole Life Insurance Question

You really need in-force illustrations. I'm thinking your modeling a steady increase in the cost of insurance but that is highly unlikely, it's more parabolic. The reason you have cash building in it now is that it's needed to steady out the true cost of insurance on those policies. I've looked at m...
by Raabe34
Tue Mar 06, 2018 5:26 pm
Forum: Investing - Help with Personal Investments
Topic: Keep or get out of Variable annuity? Hairy math.
Replies: 35
Views: 1923

Re: Keep or get out of Variable annuity? Hairy math.

Question depends on who needs to spend the money, yourself or heirs? Options 2 and 3 do not account for the stepped up basis heirs receive in a taxable account vs not getting stepped up in the annuity.
by Raabe34
Tue Mar 06, 2018 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: Unique (I think) Whole Life Insurance Question
Replies: 10
Views: 1664

Re: Unique (I think) Whole Life Insurance Question

You seem to indicate that you don't think you need the life insurance, that answers the question in my book. You can't beat a life insurance when they have all the data. Let's just assume an age 90 passing. If you took your current cash value out and it earned 5% for 40 years it would be worth 275,0...
by Raabe34
Mon Mar 05, 2018 3:27 pm
Forum: Investing - Help with Personal Investments
Topic: Does DFA justify the higher ER?
Replies: 16
Views: 1497

Re: Does DFA justify the higher ER?

One of the things that doesn't get brought out much is that DFA screens out REITs inside the funds. When comparing that to how VBR performs in years there is REIT outperformance is a relevant data point. Their idea is to let you control your exposure to REITS yourself and not have the index do it. V...
by Raabe34
Sat Mar 03, 2018 11:48 pm
Forum: Investing - Help with Personal Investments
Topic: Buying shares in Demutualized bank
Replies: 19
Views: 1615

Re: Buying shares in Demutualized bank

I had the chance to get in on one in 2012. Just did the basic math of current equity + capital raise and figured it out per share. Most smaller banks trade @ roughly 1.5X equity so I figure we'd get to $15 from $10 at IPO fairly quickly. First day of trading it made it to $14 and it doubled in the f...
by Raabe34
Fri Mar 02, 2018 12:27 am
Forum: Investing - Theory, News & General
Topic: Interesting Article on ETF Security Lending
Replies: 6
Views: 609

Re: Interesting Article on ETF Security Lending

I'd heard about this going on, but call me a grumpy old man: I don't feel entirely happy with the idea of somebody else loaning out something I thought I owned. The posted collateral might be all well and good, but there is a part of me that worries about how far south things could head if there wa...
by Raabe34
Thu Mar 01, 2018 3:51 pm
Forum: Investing - Theory, News & General
Topic: FINRA TAF(Trading Acitivity Fee) Rule
Replies: 0
Views: 172

FINRA TAF(Trading Acitivity Fee) Rule

TD Ameritrade is going to start passing this cost through in March. I didn't know it existed previously. The amount is small but are other firms already passing this through or are they eating it?
by Raabe34
Thu Mar 01, 2018 11:53 am
Forum: Personal Finance (Not Investing)
Topic: LTC funds running out and 31,000 in investments
Replies: 11
Views: 1160

Re: LTC funds running out and 31,000 in investments

Sell the house if he's in long term care.
by Raabe34
Tue Feb 27, 2018 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: Side Hustle: Hourly financial planning
Replies: 44
Views: 5042

Re: Side Hustle: Hourly financial planning

Your relatives are right. You either need to be sponsored by an RIA or start your own RIA to provide investment advice for a fee, whether that fee is hourly or AUM. $5,000 is a fair number for estimates there. That doesn't get you out of the gate with any planning software or to an appointment or a ...
by Raabe34
Tue Feb 27, 2018 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: Tenant wants to renew the lease
Replies: 8
Views: 1398

Re: Tenant wants to renew the lease

I, as a landlord, would be very interested in purchasing a house with a quality tenant already in place. Just depends where the house is located and if they have a super long term lease at a low rate.
by Raabe34
Mon Feb 26, 2018 3:27 pm
Forum: Investing - Theory, News & General
Topic: Why I left Wealthfront
Replies: 26
Views: 6906

Re: Why I left Wealthfront

I know it is conjecture but I have a hard time believing that they are even profitable at the current level. All the software and high end personnel I think can eat up 25 mil pretty quick. I've guessed for years who will buy them and the guesses are changing as I think they're value is currently ero...