Search found 35 matches

by 2babogle
Sun Jul 12, 2020 9:22 am
Forum: Investing - Theory, News & General
Topic: 529 to Niece/Nephew then transfer to son daughter - Avoid gift tax
Replies: 9
Views: 1144

Re: 529 to Niece/Nephew then transfer to son daughter - Avoid gift tax

Why don't you just make yourself the beneficiary then change it when you need to?
by 2babogle
Tue Jun 30, 2020 7:01 am
Forum: Personal Consumer Issues
Topic: Painting new drywall
Replies: 24
Views: 1583

Re: Painting new drywall

Thanks for all the recommendations. I intend to get this product -- Kilz PVA Interior Primer from Home Depot https://www.homedepot.com/p/KILZ-PVA-5-Gal-White-Interior-Drywall-Primer-PX01005/202665645 Just wondering if HD would tint the primer for me? Yes they will. Also they'll shake it which is a ...
by 2babogle
Mon Jun 29, 2020 8:05 am
Forum: Personal Consumer Issues
Topic: Need tips on buying a used car with a trade in
Replies: 20
Views: 1003

Re: Need tips on buying a used car with a trade in

Don't forget that (some STATES, YMMV) trading a car in to a dealer will reduce the amount you're taxed on by that amount. If you sell outright private party, you'll pay full taxes on the buy. Example: 15k purchase 6k trade in to dealer 9k tax value for sales tax calculation Example 2: 15k purchase 6...
by 2babogle
Sun May 31, 2020 9:33 am
Forum: Personal Consumer Issues
Topic: Starting a SaaS
Replies: 3
Views: 597

Re: Starting a SaaS

You didn't say what kind of saas so this may not apply. The major cloud providers have a few forms you can fill out to sell saas directly through their platforms. The templates are annoying but it simplifies a lot to get to all their customers. Their fees are onerous... Another big issue is the tax ...
by 2babogle
Thu May 28, 2020 10:44 pm
Forum: Personal Finance (Not Investing)
Topic: Ameriprise TOD requires new account with them?
Replies: 4
Views: 359

Re: Ameriprise TOD requires new account with them?

All this makes sense. I'll report back when it's all settled. Thank you
by 2babogle
Thu May 28, 2020 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: Ameriprise TOD requires new account with them?
Replies: 4
Views: 359

Re: Ameriprise TOD requires new account with them?

Do these accounts hold a single mutual fund each? If not, why the 5 accounts, since this sets up the possibility of a separate fee for each account times 5 beneficiaries resulting in a totally ridiculous fee total of 3,125. In one recent survey, Ameriprise levied the highest total fees of any finan...
by 2babogle
Thu May 28, 2020 8:46 am
Forum: Personal Finance (Not Investing)
Topic: Ameriprise TOD requires new account with them?
Replies: 4
Views: 359

Ameriprise TOD requires new account with them?

Had another thread about this relatively small pending inheritance but this is a bit more tactical. Ameriprise suggests that I'll be getting a new account for each account of the deceased. There are multiple accounts and multiple beneficiaries. 5x5 to be exact. They charge $125 per account in closur...
by 2babogle
Mon May 25, 2020 9:57 am
Forum: Personal Investments
Topic: Inheriting an IRA this year
Replies: 10
Views: 712

Re: Inheriting an IRA this year

I can transfer the full contribution for me and my spouse for 2019 from our brokerage account to our Roths. I will do this when they open tomorrow. I will also initiate the roll-in of my rollover IRA to my current 401k. Then will have no pre tax IRAs. Will do same to spouse's, as applicable. Then re...
by 2babogle
Mon May 25, 2020 8:28 am
Forum: Personal Investments
Topic: Inheriting an IRA this year
Replies: 10
Views: 712

Re: Inheriting an IRA this year

Any particular reason why you "don't do backdoor Roth" ? This inheritance might be the push you need to put in $12k each (for 2019 and 2020), so that' takes $24k either off your taxable investments or your inheritance. Then it would $6k each starting in 2021. If a Traditional IRA is standing in the...
by 2babogle
Sun May 24, 2020 11:11 am
Forum: Personal Finance (Not Investing)
Topic: ELI5 P2P payments: explain like I'm 5, person to person payments
Replies: 5
Views: 434

Re: ELI5 P2P payments: explain like I'm 5, person to person payments

+1 for Zelle. I feel, maybe unfoundedly, most secure with Zelle as it is a product of the big banks. As opposed to a 3rd party product from Square, PayPal, etc... No fees, usually instant. The Zelle recipient gets a notification money has been deposited into their account. Text or email. +1 for zel...
by 2babogle
Wed May 20, 2020 7:58 pm
Forum: Personal Investments
Topic: Inheriting an IRA this year
Replies: 10
Views: 712

Re: Inheriting an IRA this year

I suggest withdrawing at least 1/(total number of remaining withdrawal years left) each year. If the relative died this year, that means withdraw at least 1/10th this year, 1/9th next year, ... I say this because the bonds in your own tax-deferred accounts are important to remain there, to keep fut...
by 2babogle
Wed May 20, 2020 7:56 pm
Forum: Personal Investments
Topic: Inheriting an IRA this year
Replies: 10
Views: 712

Re: Inheriting an IRA this year

First thing you need to do is to squash the growth in this inherited IRA. Make this an all-bond part of your portfolio. Compensate by switching from bonds to equities within your OWN retirement accounts. I am assuming that you are maximizing all available tax-advantaged space for you, including bac...
by 2babogle
Wed May 20, 2020 6:21 pm
Forum: Personal Investments
Topic: Inheriting an IRA this year
Replies: 10
Views: 712

Inheriting an IRA this year

I will soon inherit about 100k in a traditional IRA from a relative (I'm the executor but the IRA itself is TOD). The decedent is 20 yrs older than me and I'm not covered by any of the qualified circumstances to enable a stretch. What is the boglehead consensus/recommendation on what to do regarding...
by 2babogle
Sun May 17, 2020 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 2983
Views: 230213

Re: Refinance Mega Thread

Mr Cooper has one of my rentals. They are fine but nothing to brag about. They changed their name a couple years ago.
by 2babogle
Fri May 08, 2020 6:45 pm
Forum: Personal Consumer Issues
Topic: Will a vpn complicate or improve my internet experience?
Replies: 55
Views: 4071

Re: Will a vpn complicate or improve my internet experience?

Ok. I'll bite. There are reasons for a VPN just like there are reasons for an SPIA. The hype that sells VPNs is the same hype that sells whole life and 42 American funds in a brokerage account. If you don't understand it, how and when to use it, and how to use it effectively, you're likely wasting m...
by 2babogle
Mon Apr 20, 2020 11:30 am
Forum: Personal Consumer Issues
Topic: 100mbps vs 200mbps broadband speed
Replies: 48
Views: 2032

Re: 100mbps vs 200mbps broadband speed

I have 10MBps, work from home, wife works from home (both of us on VPNs and remote desktop sessions, skype, teams, etc.), 3 kids with tablets and laptops, no cable, only streaming (Amazon, Netflix, etc) and it works just fine. I suggest you try the lower tier to see if it really affects you. Now, wh...
by 2babogle
Mon Apr 13, 2020 3:41 pm
Forum: Personal Consumer Issues
Topic: Zero-Turn Mowers
Replies: 70
Views: 11263

Re: Zero-Turn Mowers

Picked up a Scag Freedom Z 48" after looking for about a year. It's cut my mowing time in half for approximately 1 acre. In the honeymoon phase currently but what an improvement!
by 2babogle
Mon Apr 13, 2020 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 2983
Views: 230213

Re: Refinance Mega Thread

Just spoke with Northpointe and the best they could do in my area was 2.875% on a 15-year with 0.5 points even though the website shows 2.625 right now. Told the loan officer to call me if the rate drops, he said he will see what he can do to get it lower. Weird. I just did the same thing and got 2...
by 2babogle
Sat Apr 04, 2020 8:18 am
Forum: Personal Finance (Not Investing)
Topic: Max loan ammount under PPP
Replies: 21
Views: 1479

Re: Max loan ammount under PPP

The way I read it, it includes state and local taxes and other stuff. But the total payroll "cost" per employee, annualized, is capped at 100k, or 8.3k monthly. So an employee with a 95k salary will likely cap out at 100k due to other costs being included. Couldn't get any big banks to accept the ap...
by 2babogle
Thu Feb 06, 2020 6:54 pm
Forum: Personal Finance (Not Investing)
Topic: IRS EIN for family reunion banking account?
Replies: 12
Views: 914

Re: IRS EIN for family reunion banking account?

This is a 501c4 I think. No fees but a few forms to file. Seems simple enough... Not sure if I should say I'm not a lawyer but, I'm not. I do help with some c3 and c4 entities though. Attaching this to your ssn is a bad idea.
by 2babogle
Sun Jan 26, 2020 9:24 pm
Forum: Personal Consumer Issues
Topic: Closing cost review
Replies: 14
Views: 1405

Re: Closing cost review

Shop for title insurance. Entitle direct is easy and online. Also ask for a reissue rate as likely the prior owner had it. Sometimes they give it to you without producing the prior policy details. This holds true for refinancing as well. GL
by 2babogle
Thu Dec 05, 2019 8:53 am
Forum: Personal Finance (Not Investing)
Topic: Church Loan Question
Replies: 17
Views: 1810

Re: Church Loan Question

It's also possible, that if this church is part of a broader organization, say across the state, nationally or even globally, that the structure is decided by "headquarters." There are plenty of such churches and I can see why they may enter things this way. Either way, figure it out. If you get boo...
by 2babogle
Wed Oct 16, 2019 10:02 pm
Forum: Personal Finance (Not Investing)
Topic: Low Cost Company 401k [Looking for plan provider]
Replies: 9
Views: 638

Re: Low Cost Company 401k [Looking for plan provider]

We use guideline and are happy with it. I think the rebalancing comment/issue mentioned above may be tied to the fact that you can select a balancing feature. I didn't select it and that doesn't happen when I make changes. $8/mo per employee fee (paid by employer) with no other fees to employees and...
by 2babogle
Fri Oct 04, 2019 8:10 am
Forum: Investing - Theory, News & General
Topic: Ally No-Penalty CD Rate Increase Alert Thread
Replies: 27
Views: 5721

Re: Ally No-Penalty CD Rate Increase Alert Thread

The add on is at current rates not at your previous rate. I think the benefit is that you keep your maturity date. You our can't just continually pump money into a CD at a prior rate.. Or can you It's at the rate in effect at the time you opened the CD. That is the concept of an add-on CD - see her...
by 2babogle
Thu Oct 03, 2019 9:57 pm
Forum: Investing - Theory, News & General
Topic: Ally No-Penalty CD Rate Increase Alert Thread
Replies: 27
Views: 5721

Re: Ally No-Penalty CD Rate Increase Alert Thread

The add on is at current rates not at your previous rate. I think the benefit is that you keep your maturity date. You our can't just continually pump money into a CD at a prior rate.. Or can you
by 2babogle
Tue Sep 17, 2019 8:44 pm
Forum: Personal Consumer Issues
Topic: How to build hardware for a product protoype ?
Replies: 21
Views: 1573

Re: How to build hardware for a product protoype ?

I recommend you file the patent and get a working prototype for the key functionality using a pi, arduino, etc. However, as was stated earlier, the hard work is the product, the patent is easy (but critical for long term commercial success). Once you get the product technically proven, you can get a...
by 2babogle
Thu Jul 25, 2019 8:36 am
Forum: Personal Consumer Issues
Topic: Zero-Turn Mowers
Replies: 70
Views: 11263

Re: Zero-Turn Mowers

I'm looking for an upgrade to speed up mowing time. I currently have a 1997 Bronco II. At this point it's not pretty but it works. I've replaced plenty of parts, from spindle to steering gears to the usual wear parts. It has the Kohler motor and a cheap hydro transmission and gets the job done. I "w...
by 2babogle
Mon May 13, 2019 11:12 pm
Forum: Personal Consumer Issues
Topic: Internet speed recommendation
Replies: 26
Views: 1775

Re: Internet speed recommendation

Hi, I'm currently on Comcast 150mpbs plan with just 10 channels (I never use cable). I was paying $60 a month and my promotion is up and now the price will go up. If I go with the 60mpbs plan, it's $65 a month and if I go with 150mbps, it's $75 a month. My usage is mostly Netflix/Hulu with 1 device...
by 2babogle
Sun May 12, 2019 10:07 am
Forum: Personal Consumer Issues
Topic: Ever Had an Animal Stuck in Chimney? What Did You Do?
Replies: 32
Views: 2740

Re: Ever Had an Animal Stuck in Chimney? What Did You Do?

If it's a small animal of the rodent variety, dropping a rope down the chimney will be enough for them to crawl out. Bats and nesting birds will probably move on after they're finished. I don't recommend making a lane in your house to direct a squirrel to the door. They'll be in your curtains or clo...
by 2babogle
Fri Apr 26, 2019 9:50 pm
Forum: Personal Investments
Topic: Leaving Payflex HSA - avoid account closure fee?
Replies: 49
Views: 8244

Re: Leaving Payflex HSA - avoid account closure fee?

I initiated this today from Payflex on my way to Fidelity. Will post results... edit to add: I had my money invested in VTSAX so I had to transfer the invested portion back to my cash balance so that took a day or two. I then transferred the money to my checking account by requesting money (similar ...
by 2babogle
Mon Jan 14, 2019 2:50 pm
Forum: Personal Consumer Issues
Topic: Large SUV
Replies: 75
Views: 7341

Re: Large SUV

This site has plenty of good data on the vehicles, accidents, bodily injury, etc:
https://www.iihs.org/iihs/topics/insura ... nformation
by 2babogle
Thu Dec 13, 2018 8:22 pm
Forum: Personal Investments
Topic: 529 with a Windfall
Replies: 22
Views: 1942

Re: 529 with a Windfall

If a 529 is owned by you can you actually gift a contribution to yourself and get a deduction? Seems odd because you can make yourself the beneficiary of the account.
by 2babogle
Tue Nov 06, 2018 8:08 pm
Forum: Personal Investments
Topic: 401k to Rollover IRA - must liquidate - what's best way?
Replies: 4
Views: 358

Re: 401k to Rollover IRA - must liquidate - what's best way?

Do you have any cash or bond funds in the IRA? If so, you could move that into funds that are identical or similar to what you need to liquidate, on the same day. Just be careful to avoid transaction costs, etc. I have some things like that available but not nearly enough $$ in the existing IRA to ...
by 2babogle
Tue Nov 06, 2018 8:05 pm
Forum: Personal Investments
Topic: 401k to Rollover IRA - must liquidate - what's best way?
Replies: 4
Views: 358

Re: 401k to Rollover IRA - must liquidate - what's best way?

PFInterest wrote:
Mon Nov 05, 2018 3:11 pm
do you not do a backdoor rIRA?
No, I haven't done a backdoor Roth.
What's the method for using that here? I'm open to options.
by 2babogle
Mon Nov 05, 2018 10:14 am
Forum: Personal Investments
Topic: 401k to Rollover IRA - must liquidate - what's best way?
Replies: 4
Views: 358

401k to Rollover IRA - must liquidate - what's best way?

Hi All! First post but been enjoying this forum for a while: I have a 401k from a previous employer where I was able to allocate up to 50% in a self-directed account (for an annual $50 fee of course). I would like to move that 401k to a rollover IRA with Fidelity (at least for now as I already have ...