Search found 99 matches

by KBREAMK
Wed Feb 05, 2020 1:40 pm
Forum: Personal Consumer Issues
Topic: iPhone Copyright Question
Replies: 6
Views: 427

Re: iPhone Copyright Question

why not use a more generic approach: "smart phone" versus a trademarked device, that way you include other devices (android, etc) without having to get permissions from all those manufacturers Fair question... my intention is to show how to do specific things on an iPhone and I don't want to mislea...
by KBREAMK
Wed Feb 05, 2020 1:24 pm
Forum: Personal Consumer Issues
Topic: iPhone Copyright Question
Replies: 6
Views: 427

Re: iPhone Copyright Question

It's easy to find opinions that the precise use you discuss is allowed, for example https://www.nolo.com/legal-encyclopedia/when-you-need-permission-use-trademarks.html You are more likely to stir up trouble if you express highly negative opinions about the product. However even then I suspect that...
by KBREAMK
Wed Feb 05, 2020 1:07 pm
Forum: Personal Consumer Issues
Topic: iPhone Copyright Question
Replies: 6
Views: 427

iPhone Copyright Question

I am working on a book I intend to self publish on Amazon. I plan to share some tips on how to best use an iPhone while not becoming addicted to it. I was intending to use the "iPhone" word in the book title but am not sure if Apple will be displeased. I emailed their copyright/trademark group but d...
by KBREAMK
Fri Jan 31, 2020 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: S-Corp Retirement
Replies: 13
Views: 908

Re: S-Corp Retirement

For what it's worth, my company of 16 employees (LLC Partnership) moved to a 401k. We partnered with Creative Planning and have been very happy. They offer low cost index funds and their costs are very low. I currently have a traditional BH 3-fund portfolio set up that would make Mr. Larimore proud!
by KBREAMK
Wed Jan 29, 2020 5:33 pm
Forum: Personal Finance (Not Investing)
Topic: S-Corp Reasonable Salary Question
Replies: 23
Views: 1293

Re: S-Corp Reasonable Salary Question

I think you're thinking about this the wrong way... You should not personally be creating a second LLC to tax shelter your portion, and frankly, I'm surprised your CPA is recommending that. The principal LLC should be paying each of the three partners a "reasonable salary" via W2 (I guess you could...
by KBREAMK
Wed Jan 29, 2020 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: S-Corp Reasonable Salary Question
Replies: 23
Views: 1293

Re: S-Corp Reasonable Salary Question

I don't know anything about S Corps owning portions of partnerships. Ignoring that aspect, how would you expect anyone to provide advice on a reasonable salary, when we have no idea what it is, if anything, that you do? My main concern is related to what my 1099 income has been ($204,000) and that ...
by KBREAMK
Wed Jan 29, 2020 11:14 am
Forum: Personal Finance (Not Investing)
Topic: S-Corp Reasonable Salary Question
Replies: 23
Views: 1293

S-Corp Reasonable Salary Question

I am one of 3 owners of an LLC Partnership. Currently, the 3 of us evenly share the tax bill at the end of the year. The 3 of us also receive 1099 payments each month. So, at the end of the year I receive a K1 and a 1099. My 1099 income has been the same the last 3 years ($204,000). I have been spea...
by KBREAMK
Mon Jan 20, 2020 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: CPA Question
Replies: 21
Views: 1438

Re: CPA Question

I can save you $1200.00 right off the bat. Stop using the CPA for calculating your quarterly estimates. Use your tax liability from the previous year a a measure of how much to pay for the current year. The other common situation involves partnerships, such as large law firms, where much of the yea...
by KBREAMK
Mon Jan 20, 2020 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: CPA Question
Replies: 21
Views: 1438

CPA Question

I am thinking of finding a more affordable CPA. My current CPA charges approximately $750 for my 1040 and a $300 for each quarterly estimate calculation requested. I live in Keller, TX so no state tax. I am a 1/3 owner of a partnership so am accountable for paying 1/3 of the company taxes each year....
by KBREAMK
Mon Jan 06, 2020 2:17 pm
Forum: Personal Consumer Issues
Topic: Cosmetology School vs Traditional College
Replies: 99
Views: 5544

Re: Cosmetology School vs Traditional College

I hadn't logged into the BH forum for a few days and was pleasantly surprised by all the wonderful replies. Thank you so much for your thoughts, opinions, and advice. It's very much appreciated.
by KBREAMK
Fri Jan 03, 2020 1:26 pm
Forum: Personal Consumer Issues
Topic: Cosmetology School vs Traditional College
Replies: 99
Views: 5544

Re: Cosmetology School vs Traditional College

DW went the cosmetology school route. After moving to the DFW area her career exploded - over double earnings coming from small town LA. The industry also gives her flexibility in work schedule to work part time while still earning a respectable income while staying at home with our 6mo old 3 days/...
by KBREAMK
Fri Jan 03, 2020 12:36 pm
Forum: Personal Consumer Issues
Topic: Cosmetology School vs Traditional College
Replies: 99
Views: 5544

Cosmetology School vs Traditional College

My oldest daughter, a junior in high school, is interested in Cosmetology School. She has repeatably said how traditional college just doesn't excite her. She does fine in school (As and Bs) but just doesn't enjoy school. She also desires to be a stay at home mother once she is married and doesn't w...
by KBREAMK
Tue Dec 31, 2019 11:29 am
Forum: Personal Consumer Issues
Topic: Bogleheads-like Forum for Washers & Dryers?
Replies: 5
Views: 344

Re: Bogleheads-like Forum for Washers & Dryers?

I'm not sure either of those are problems. About what year were these appliances manufactured? Water efficiency, energy efficiency, rising raw material costs (steel), and low cost competition has changed the appliance industry over the last 20 years. These are LG TROMM front loaders. Both made in 2...
by KBREAMK
Tue Dec 31, 2019 11:27 am
Forum: Personal Consumer Issues
Topic: Bogleheads-like Forum for Washers & Dryers?
Replies: 5
Views: 344

Re: Bogleheads-like Forum for Washers & Dryers?

Thanks all. The appliance store just told me they are going to replace the water pump for the washing machine noise issue... still waiting to hear their thoughts on the dryer.
by KBREAMK
Tue Dec 31, 2019 11:07 am
Forum: Personal Consumer Issues
Topic: Bogleheads-like Forum for Washers & Dryers?
Replies: 5
Views: 344

Bogleheads-like Forum for Washers & Dryers?

Hi all, I recently purchased a used washer and dryer from a local appliance store to replace our 20 year old Maytag set! I have some questions about them (i.e. washer makes loud noise when drain motor kicks on and dryer doesn't completely dry medium sized load of clothes after 55 minutes on the towe...
by KBREAMK
Wed Nov 20, 2019 12:04 pm
Forum: Personal Investments
Topic: Should we choose ADP as a 401K provider?
Replies: 10
Views: 746

Re: Should we choose ADP as a 401K provider?

I am assisting HR with setting up a 401K for our company. I have read a few comments on Bogleheads and other forums about mutual funds provided by ADP having high expense ratios. We have a quote from ADP and they are charging a $250 administration fee per month plus a small charge per employee. Thi...
by KBREAMK
Tue Sep 24, 2019 11:41 am
Forum: Personal Consumer Issues
Topic: DFW to Tasmania - 15 hour time change
Replies: 51
Views: 3452

Re: DFW to Tasmania - 15 hour time change

RollTide31457 wrote:
Tue Sep 24, 2019 11:32 am
As soon as a date for the trip was discussed, would have immediately scheduled PTO for the same time to avoid the trip. Also, having an expired passport helps.
You win for best BH post of the day! :sharebeer
by KBREAMK
Tue Sep 24, 2019 10:49 am
Forum: Personal Consumer Issues
Topic: DFW to Tasmania - 15 hour time change
Replies: 51
Views: 3452

Re: DFW to Tasmania - 15 hour time change

Thanks for all the advice, folks. It's very much appreciated. I have done a lot of international travel but this will be first time to Australia. I have traveled to Japan before and did fine. Hydration, as several mentioned, has always been really important. And, yes, I definitely plan to do some si...
by KBREAMK
Tue Sep 24, 2019 9:54 am
Forum: Personal Consumer Issues
Topic: DFW to Tasmania - 15 hour time change
Replies: 51
Views: 3452

DFW to Tasmania - 15 hour time change

I live in the DFW area and will be traveling to Tasmania, Australia for business later this year. There is a 15 hour time change. I'll be flying business class which will help and usually try to sleep as much as I can on international flights and then, once I arrive, I try to stay awake until the lo...
by KBREAMK
Mon Sep 23, 2019 3:34 pm
Forum: Personal Consumer Issues
Topic: First car for child
Replies: 129
Views: 8958

Re: First car for child

I bought my new driver a 2007 F-150 for $10k. While my child has done well driving... they recently made a mistake and pulled out in front of a 2018 Toyota Corolla. The Corolla hit the back of the truck and while no one was hurt the Corolla is likely totaled while the F-150 only had minor damage. So...
by KBREAMK
Wed Sep 11, 2019 4:28 pm
Forum: Personal Investments
Topic: Too Late To Get Back Into Stocks?
Replies: 115
Views: 10174

Re: Too Late To Get Back Into Stocks?

livesoft wrote:
Wed Sep 11, 2019 4:25 pm
May I ask then what was the exact purpose of your posting here? What did you expect to accomplish? Thanks!
+1
by KBREAMK
Wed Aug 14, 2019 1:00 pm
Forum: Investing - Theory, News & General
Topic: Rebalancing Question within a 401k
Replies: 2
Views: 234

Re: Rebalancing Question within a 401k

My investment rules are to automatically rebalance when my AA (which is 75% stocks / 25% bonds... all index funds) is off by 5%. I'm currently at 73% stocks / 27% bonds which isn't 5%. But I'm now questioning the 5% rule I set for myself earlier this year when I transitioned to a 3-fund portfolio. ...
by KBREAMK
Wed Aug 14, 2019 11:42 am
Forum: Investing - Theory, News & General
Topic: Rebalancing Question within a 401k
Replies: 2
Views: 234

Rebalancing Question within a 401k

My investment rules are to automatically rebalance when my AA (which is 75% stocks / 25% bonds... all index funds) is off by 5%. I'm currently at 73% stocks / 27% bonds which isn't 5%. But I'm now questioning the 5% rule I set for myself earlier this year when I transitioned to a 3-fund portfolio. I...
by KBREAMK
Mon Aug 12, 2019 11:55 am
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 2699
Views: 1804299

Re: The Three-Fund Portfolio

Bonds have always confused me! I am in a 3 fund portfolio and use VBMFX for my fixed income piece. With all the recent news about bond yields being low and, possibly, going negative is there any cause for long term concern for those that use VBMFX? I am a disciplined stay the course investor and wil...
by KBREAMK
Tue Jul 30, 2019 6:51 pm
Forum: Personal Finance (Not Investing)
Topic: Capital One Card > Credit Freeze
Replies: 7
Views: 1042

Re: Capital One Card > Credit Freeze

You should freeze at a minimum: Equifax, Experian, TransUnion. I also did Innovis and ChexSystems I did all 5, above, also. Note: If you you do not have & want to signup for a credit monitoring service of any kind, you normally need to NOT have your credit frozen when you sign up, they use the cred...
by KBREAMK
Tue Jul 30, 2019 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: Capital One Card > Credit Freeze
Replies: 7
Views: 1042

Re: Capital One Card > Credit Freeze

funktor wrote:
Tue Jul 30, 2019 12:51 pm
You should freeze at a minimum: Equifax, Experian, TransUnion. I also did Innovis and ChexSystems
Thanks! I am frozen at all 5 now. :sharebeer
by KBREAMK
Tue Jul 30, 2019 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: Capital One Card > Credit Freeze
Replies: 7
Views: 1042

Re: Capital One Card > Credit Freeze

You should freeze at a minimum: Equifax, Experian, TransUnion. I also did Innovis and ChexSystems I did all 5, above, also. Note: If you you do not have & want to signup for a credit monitoring service of any kind, you normally need to NOT have your credit frozen when you sign up, they use the cred...
by KBREAMK
Tue Jul 30, 2019 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: Capital One Card > Credit Freeze
Replies: 7
Views: 1042

Capital One Card > Credit Freeze

I have been meaning to freeze my credit for some time and the news that Capital One was hacked has moved me to action since I have a Capital One credit card. Question. I just froze my credit with Equifax. Is this sufficient or should I also freeze my credit with Experian and TransUnion? And are ther...
by KBREAMK
Mon Jul 29, 2019 3:11 pm
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 1406
Views: 159888

Re: What frugal thing did you do today?

Made a big Sunday dinner for my family of 9 instead of eating out like we often do on Sunday night. We had all the meat for burgers so all I needed to buy was buns and some fruit & heavy whipping cream for the dessert. Saved around $100 since eating out with my crew almost always costs at least $10...
by KBREAMK
Mon Jul 29, 2019 10:17 am
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 1406
Views: 159888

Re: What frugal thing did you do today?

Made a big Sunday dinner for my family of 9 instead of eating out like we often do on Sunday night. We had all the meat for burgers so all I needed to buy was buns and some fruit & heavy whipping cream for the dessert. Saved around $100 since eating out with my crew almost always costs at least $100!
by KBREAMK
Wed Jul 24, 2019 4:18 pm
Forum: Investing - Theory, News & General
Topic: POST YOUR QUESTIONS FOR THE EXPERTS PANEL Q&A HERE
Replies: 84
Views: 16338

Re: POST YOUR QUESTIONS FOR THE EXPERTS PANEL Q&A HERE

What % of stocks should be in US vs International index funds?
by KBREAMK
Wed Jul 10, 2019 3:34 pm
Forum: Personal Investments
Topic: Help w/ 401k Choice
Replies: 10
Views: 687

Re: Help w/ 401k Choice

I am looking for advice on what fund would be a better choice for my 401k. Reason I'm asking is I'm REALLY stock heavy right now. Here's the info: Emergency funds: 4 months and still adding, goal is 6 months (checking account) Debt: Mortgage $198,000 at 4.85%, Car $9,400 at 2.25% Tax Filing Status:...
by KBREAMK
Wed Jul 03, 2019 11:17 am
Forum: Investing - Theory, News & General
Topic: Blockbuster
Replies: 34
Views: 3429

Re: Blockbuster

Broken Man 1999 wrote:
Wed Jul 03, 2019 11:07 am
I don't think it matters much WHY a company goes under, just recognize that companies can and do go under for many reasons.
I own a company that employs 13 people... this is why I try to learn from past situations like this.
by KBREAMK
Wed Jul 03, 2019 11:10 am
Forum: Personal Finance (Not Investing)
Topic: Staying the course is so hard (support thread)
Replies: 141
Views: 16130

Re: Staying the course is so hard (support thread)

I just finished the book "Decisive" by the Heath brothers. One of the things they preach is to "widen your options." So, instead of thinking of your situation in binary terms (i.e. to buy the house or not buy the house) how about throwing in some other options such as "buy a bigger house that still ...
by KBREAMK
Wed Jul 03, 2019 10:59 am
Forum: Investing - Theory, News & General
Topic: Blockbuster
Replies: 34
Views: 3429

Blockbuster

As a small business owner I'm always doing my best to understand what could potentially disrupt, even bankrupt, my company. This morning I was reading about Blockbuster and stumbled across this article - https://www.dmagazine.com/business-economy/2018/04/former-ceo-jim-keyes-why-blockbuster-really-d...
by KBREAMK
Thu Jun 20, 2019 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: Side Hustle courses
Replies: 45
Views: 5593

Re: Side Hustle courses

I am still interested in a side hustle, I formed an LLC for what I thought was going to be a side hustle doing accounting work, but they haven't gotten back to me in two months, so I assume it is going nowhere. I keep seeing a Facebook side hustle where you run Facebook advertisements for local bus...
by KBREAMK
Thu Jun 13, 2019 3:19 pm
Forum: Personal Investments
Topic: High net worth individual seeks portfolio advice
Replies: 84
Views: 12092

Re: High net worth individual seeks portfolio advice

Congrats on your success! To your question... and I'm a baby BH so please take this advice with a grain of salt... but how about this? 5% - VTSMX - Vanguard Total Stock Mkt 95% - VBMFX - Vanguard Total Bond Mkt Had you invested $10,000,000 into this two-fund portfolio in 1985 you'd now have a balanc...
by KBREAMK
Wed Jun 12, 2019 9:30 am
Forum: Personal Finance (Not Investing)
Topic: To Refinance or Not
Replies: 2
Views: 298

Re: To Refinance or Not

I would shop more. Look at aim loan and bankrate.com. I am assuming your rolling the HELOC into the new mortgage. Nothing looks wrong with your assumptions and the 20 year fixed is always better. You may be able to find a lower rate 15 year that you can handle, that would be even better. Are you ro...
by KBREAMK
Wed Jun 12, 2019 9:10 am
Forum: Personal Finance (Not Investing)
Topic: To Refinance or Not
Replies: 2
Views: 298

To Refinance or Not

We are currently 4 years into a 30 year fixed mortgage with a fixed interest rate of 4.25%. Earlier this year we took out a HELOC of $20,600 that is currently at a variable rate of 2.99%. Our current mortgage payment is $2,404 (includes taxes and insurance) and we pay $400 towards the HELOC each mon...
by KBREAMK
Tue Jun 11, 2019 4:09 pm
Forum: Personal Investments
Topic: Portfolio Review: New to VAS + Large Family
Replies: 10
Views: 878

Re: Portfolio Review: New to VAS + Large Family

The Vanguard Intermediate-Term Bond Index Fund - VBILX is from my 401k provider (not Vanguard). They don't offer the total bond index fund although they added the total stock market fund at my request so maybe they will add the total bond index fund if I ask? Oh I didn’t realize that one is in your...
by KBREAMK
Tue Jun 11, 2019 2:10 pm
Forum: Personal Investments
Topic: Portfolio Review: New to VAS + Large Family
Replies: 10
Views: 878

Re: Portfolio Review: New to VAS + Large Family

I suggest that you undertake one more step of simplification, dump the international bonds and consolidate into Vanguard Total Bond Index fund. International bonds only add complexity with no corresponding increase in diversification benefit or returns. I also suggest that having Vanguard Intermedi...
by KBREAMK
Tue Jun 11, 2019 11:28 am
Forum: Personal Investments
Topic: Portfolio Review: New to VAS + Large Family
Replies: 10
Views: 878

Re: Portfolio Review: New to VAS + Large Family

... Thanks! So the percentages should be done for each “section” correct? In other words, the taxable section percentages will add up to 100%. Am I correct? If so, I will get to work on the original posting. No, add up all your retirement assets and that's your denominator. Should be about $950k. F...
by KBREAMK
Mon Jun 10, 2019 5:15 pm
Forum: Personal Investments
Topic: Portfolio Review: New to VAS + Large Family
Replies: 10
Views: 878

Re: Portfolio Review: New to VAS + Large Family

Your portfolio looks pretty clean. I think you're a little light on bonds - it would be helpful to list each asset's percentage. I suggest you update your post and put the percentage in front of each asset. You should exclude the education accounts from this calculation. Something like this is help...
by KBREAMK
Mon Jun 10, 2019 4:21 pm
Forum: Personal Investments
Topic: Portfolio Review: New to VAS + Large Family
Replies: 10
Views: 878

Portfolio Review: New to VAS + Large Family

Edited to add percentages as well as a summary of all retirement assets. Thanks in advance for any and all advice. Please let me know if I missed anything. I have tried to be as detailed as possible. Emergency funds: 5 months living expenses saved and in money market paying 2.5% Debt: Mortgage: $295...
by KBREAMK
Thu Jun 06, 2019 3:55 pm
Forum: Personal Investments
Topic: 3 fund portfolio question
Replies: 7
Views: 1161

Re: 3 fund portfolio question

is there a link or material i can read up on to help decide what % of stocks should be in US vs international funds? i hold very small amount in bonds and am fine with the risk. but i haven't learned how to decide what amount i should hold in US vs International funds. thanks! I asked the same ques...
by KBREAMK
Wed May 29, 2019 10:02 am
Forum: Personal Consumer Issues
Topic: $3k for teen club soccer
Replies: 104
Views: 8076

Re: $3k for teen club soccer

So our 14-yr old tried out for a local soccer club here in TX. I figured it would be ~$1k like it was in CA. The paperwork after the tryout said he'll land in one of three tiers: - $2.8k - $2.2k - $1.7k Seems like a lot. Is this typical? I live in North Texas and my daughter played select soccer fo...
by KBREAMK
Thu May 16, 2019 9:20 am
Forum: Personal Investments
Topic: Please Help me Create a 3-Fund Portfolio with these Index Funds
Replies: 35
Views: 2827

Re: Please Help me Create a 3-Fund Portfolio with these Index Funds

Wow, your 401k is fantastic. One of the best I've seen. You even have DFA small value and DFA small emerging market funds. I would tilt, tilt, tilt. TexasRon: Stick to a Total Market Index Fund for simplicity, low-cost and usually better returns: -------------------------------------------------- 5...
by KBREAMK
Wed May 15, 2019 2:31 pm
Forum: Personal Investments
Topic: Please Help me Create a 3-Fund Portfolio with these Index Funds
Replies: 35
Views: 2827

Re: Please Help me Create a 3-Fund Portfolio with these Index Funds

Don't worry... I am not listening to their advice... especially since when I asked him why they didn't offer VTSAX (Total Stock Market) he didn't know what the fund was. My guess is this was a junior dude assigned to small company plans told to read from a script. Probably does have something of a ...
by KBREAMK
Wed May 15, 2019 1:39 pm
Forum: Personal Investments
Topic: Please Help me Create a 3-Fund Portfolio with these Index Funds
Replies: 35
Views: 2827

Re: Please Help me Create a 3-Fund Portfolio with these Index Funds

Quick update. I just had my "onboarding" call with the new 401k provider's "advisor." No cost for it and I don't have to talk to him again. His comments were these 3 funds looked good but, in their opinion, someone at my age (45) should have 0% in bonds and should have 100% in equities split between...
by KBREAMK
Wed May 15, 2019 8:49 am
Forum: Personal Investments
Topic: Vanguard or Fidelity (advisor support)
Replies: 19
Views: 1679

Re: Vanguard or Fidelity (advisor support)

My wife has to roll over her retirement and we are considering Vanguard or Fidelity. Which one has better advisor support for novice investors? I recently transitioned away from a Merrill Lynch advisor to Vanguard's advisory service. I have been very pleased. With this said... I do plan to go on my...