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Raabe34

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...

Raabe34

If I were in your shoes I would recognize that I signed a contract and did not perform and therefore forfeit the deposit.

Raabe34

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...

Raabe34

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...

Raabe34

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 ...

Raabe34

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.

Raabe34

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

Raabe34

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.

Raabe34

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...

Raabe34

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...

Raabe34

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.

Raabe34

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...

Raabe34

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...

Raabe34

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...

Raabe34

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.

Raabe34

If you want a second opinion contact these guys.

https://www.zanderins.com/

Raabe34

If you're going down that road make a Roth 401k contribution.

Raabe34

Thanks spiritrider

Raabe34

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...

Raabe34

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...

Raabe34

I'm opening with TDA. Grabbed some other random plan doc. The box is checked to allow rollovers.

Raabe34

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...

Raabe34

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...

Raabe34

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...

Raabe34

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...

Raabe34

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...

Raabe34

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.

Raabe34

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...

Raabe34

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...

Raabe34

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.

Raabe34

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...

Raabe34

Can you engage EF as a recordkeeper only and then hire an outside TPA?

Raabe34

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.

Raabe34

Payoff the student loans and rebuild the emergency fund.

Raabe34

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.

Raabe34

Capital gains rates, look them up and come back.

Raabe34

Get a real accountant to to do the work. With those kind of $ amounts it can be paid for very quickly.

Raabe34

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...

Raabe34

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 ...

Raabe34

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...

Raabe34

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.

Raabe34

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...

Raabe34

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...

Raabe34

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...

Raabe34

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...

Raabe34

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?

Raabe34

Sell the house if he's in long term care.

Raabe34

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 ...

Raabe34

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.

Raabe34

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...

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