Search found 267 matches
- 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...
- 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.
- 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.
- 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.
- 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.
- Fri Jan 03, 2020 12:56 pm
- Forum: Investing - Theory, News & General
- Topic: Can anyone get this to be viewable outside of the WSJ paywall?
- Replies: 7
- Views: 1385
Can anyone get this to be viewable outside of the WSJ paywall?
It’s the Hottest Thing in Life Insurance. Are Buyers Aware of the Risks
https://www.wsj.com/articles/its-the-ho ... 1578047405
TIA
https://www.wsj.com/articles/its-the-ho ... 1578047405
TIA
- 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...
- Wed Oct 09, 2019 9:00 pm
- Forum: Personal Finance (Not Investing)
- Topic: Tax Savings ideas - retired with large separation payment
- Replies: 9
- Views: 1120
Re: Tax Savings ideas - retired with large separation payment
Look into a donor advised fund.
- Sat Oct 05, 2019 12:00 pm
- Forum: Personal Finance (Not Investing)
- Topic: Where to put short-term cash at TD Ameritrade
- Replies: 2
- Views: 408
Re: Where to put short-term cash at TD Ameritrade
PRCXX if it is truly cash.
- 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?
- 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...
- 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...
- 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...
- 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...
- 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.
- 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...
- 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...
- 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 ...
- 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?
What happened to that thread from a couple weeks ago chastisizing bogleheads for not buying real estate?
- 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...
- 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...
- 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.
- 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...
- 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.
- 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.
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.
- 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.
- 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...
- 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...
- 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.
- 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...
- Sat Aug 04, 2018 10:55 pm
- Forum: Investing - Theory, News & General
- Topic: The stock market is shrinking.
- Replies: 68
- Views: 8465
- 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.
- 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...
- 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.
- 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...
- 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...
- 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 ...
- 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.
- 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
concurlivesoft 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.
- 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.
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.
- 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...
- 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...
- 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.
So go into scenarios with an open mind on possibly filing joint.
- 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...
- 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...
- 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...
- 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.
- Wed Apr 25, 2018 2:58 pm
- Forum: Personal Finance (Not Investing)
- Topic: Term4Sale Agent - Am I getting bad advice?
- Replies: 7
- Views: 1463
- 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.
- 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