Search found 255 matches

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: 9483

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: 3116

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: 6839

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: 13277

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: 996

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: 5505

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: 4041

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: 298

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: 10235

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+ ye...
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: 1010

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: 3656

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: 722

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: 1894

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: 3007

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: 723

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 do you plan...
by Raabe34
Sun Aug 12, 2018 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: Understanding Medicare Options?
Replies: 42
Views: 2305

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: 2835

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: 8014

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: 8014

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: 498

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: 5424

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: 43
Views: 5424

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: 4073

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: 4073

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: 4073

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: 2414

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: 25113

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: 929

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: 929

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: 5454

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: 3373

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: 10723

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: 10723

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: 2351

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: 618

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: 1116

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: 2003

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: 1944

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: 21086

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: 21086

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: Personal Investments
Topic: IRA with basis - what can be done?
Replies: 15
Views: 1944

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: Personal Investments
Topic: IRA with basis - what can be done?
Replies: 15
Views: 1944

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: Personal Investments
Topic: IRA with basis - what can be done?
Replies: 15
Views: 1944

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: 151
Views: 12621

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: 151
Views: 12621

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: 43
Views: 4495

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: Personal Investments
Topic: Tax Deduction on past Roth 401k contributions - HELP!
Replies: 4
Views: 922

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: 2143

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: 9214

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: 1835

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.