Search found 210 matches

by gsmith
Fri Mar 15, 2019 11:54 am
Forum: Investing - Theory, News & General
Topic: Tax lien certificates
Replies: 8
Views: 762

Re: Tax lien certificates

I know people who've invested in several IL/IN tax liens.. and it is critical to understand it varies greatly by state. In my experience the redemption rate (How often the homeowner pays back the property taxes+penalties+your interest+your lawyer+your title search fees) is about 20-30%. 70-80% you w...
by gsmith
Fri Mar 08, 2019 8:47 am
Forum: Personal Investments
Topic: In-Service After Tax 401k to Roth IRA Rollover
Replies: 11
Views: 579

Re: In-Service After Tax 401k to Roth IRA Rollover

IMHO, after-tax with in-service transfers is one of those awesome secret loopholes that only applies to people who work for the right businesses, and I did this when I could annually. As I understand it, instead of $6000 limit contributing to a IRA, or $19000 limit for a 401k don't apply to after-ta...
by gsmith
Mon Mar 04, 2019 2:17 am
Forum: Personal Investments
Topic: State Street / GE
Replies: 7
Views: 848

Re: State Street / GE

Just as an FYI, State Street is 62nd largest investment bank in the world and the sponsor of SPDRs. I realize size is not a good indicator of risk, but their AA- credit ratings are a few notches below the US Gov's AAA http://investors.statestreet.com/CustomPage/Index?KeyGenPage=302726 https://en.wik...
by gsmith
Sun Feb 17, 2019 11:16 am
Forum: Personal Finance (Not Investing)
Topic: Stolen check, what should I do?
Replies: 18
Views: 1480

Re: Stolen check, what should I do?

Two points..... 1. There are significantly less protection if the check was drawn from a business bank account instead of a personal one, (see fed regs) Even if you stop a check, the stop falls off unless you renew it. It's a very old way of doing business. 2. Many vendors are moving to cashless sys...
by gsmith
Sun Feb 17, 2019 11:03 am
Forum: Personal Investments
Topic: Terrible 401(k) Investment Options at Work
Replies: 4
Views: 507

Re: Terrible 401(k) Investment Options at Work

Having been on both sides of the table, I can sympathize. The good news is that if you eventually move to a new job, you will be able to take the assets with you. The cheapest I've found is Guideline, which charges the employer only $8/employee/mo, and offers mostly Vanguard funds. The best part abo...
by gsmith
Thu Feb 14, 2019 5:16 pm
Forum: Personal Consumer Issues
Topic: Explain: Landmark Forum
Replies: 9
Views: 1091

Re: Explain: Landmark Forum

So, is this just EST under a new name, or is it something different? According to a Psychology Today article, the current group bought the intellectual property from Est and has changed, but I've never attended EST, so I wouldn't be able to say. Just as an FYI, there was a Landmark thread in 2010: ...
by gsmith
Tue Feb 12, 2019 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: Bank As Executor Of Will?
Replies: 47
Views: 2701

Re: Bank As Executor Of Will?

You probably already know what the responsibilities of an executor, but it is an thankless task that's full of risk and drama. Depending on the will, they may have provide an accounting to the probate court of assets distributed, etc. There may be claims against the estate that has to meet certain r...
by gsmith
Mon Feb 11, 2019 8:20 pm
Forum: Personal Consumer Issues
Topic: Explain: Landmark Forum
Replies: 9
Views: 1091

Re: Explain: Landmark Forum

Yes that is of some concern to me also. She has already signed up to go to some advance course work. I only paid for the "Forum" which was their 3 day class, and included a complementary refresher-like class for a few months. The refresher class was much less intense, and a little boring to be hone...
by gsmith
Mon Feb 11, 2019 7:38 pm
Forum: Personal Consumer Issues
Topic: Explain: Landmark Forum
Replies: 9
Views: 1091

Re: Explain: Landmark Forum

The hard part in explaining it, is that it's hard to describe without spoiling the experience. I went ~5 years ago. I think one of the lines was something along the lines of "Having a breakthrough in your life is the reward, Understanding with your brain is the consolation prize" The best way to des...
by gsmith
Mon Feb 11, 2019 11:50 am
Forum: Personal Finance (Not Investing)
Topic: Feedback on Guideline 401k
Replies: 21
Views: 3453

Re: Feedback on Guideline 401k

We started a new 401k with Guideline. I think it's a good deal at $8 per head, but they don't do cater to complicated plans. There are participant fees for loans, inactive accounts, etc, but reasonable IMO. Great: 1. Easy setup, they borrow almost all their information from OnPay, our payroll provid...
by gsmith
Wed Jul 25, 2018 10:33 am
Forum: Personal Investments
Topic: Bonds in Pre-tax or Roth bucket?
Replies: 7
Views: 915

Re: Bonds in Pre-tax or Roth bucket?

If you retire at a 25% marginal tax rate, $10,000 in a traditional IRA and $7500 in a Roth IRA will give you the same after-tax value if invested the same way. Maybe I am making this more complicated then it needs to be, but I imagine for someone who's already has the 401k and would see the traditi...
by gsmith
Tue Jul 24, 2018 9:59 pm
Forum: Personal Investments
Topic: Bonds in Pre-tax or Roth bucket?
Replies: 7
Views: 915

Re: Bonds in Pre-tax or Roth bucket?

One thought is to treat the traditional/roth IRAs as different currencies. $1 Trad IRA = $0.75 USD; Distributions are added to AGI, which could be much higher then LTCG, and it's a deferred tax too. Best for inefficient assets (Bonds/notes) that can't fit in Roth. But any growth is a deferred liabil...
by gsmith
Mon Jul 16, 2018 5:32 am
Forum: Personal Consumer Issues
Topic: Advice on IT Certification program
Replies: 109
Views: 5878

Re: Advice on IT Certification program

A family member took an IT elective because it counted as a liberal arts collective for his undergrad, and his entire career stemmed from that experience. As a 2nd generation IT Consultant, I wanted to stress this is a career path not conductive to families, w/ lots of stress, and only something to ...
by gsmith
Tue Jun 12, 2018 2:29 am
Forum: Personal Finance (Not Investing)
Topic: death certificates...hospice and 911
Replies: 32
Views: 3187

Re: death certificates...hospice and 911

coffeehubcap wrote:
Mon Jun 11, 2018 5:09 pm
If you die at home and call 911 who issues the death certificate? If you're in hospice who issues the death certificate.
In IL, the funeral home enters the biographical information in, and a doctor (either the PCP, hospice, or nursing home doctor), can enter the cause of death and e-sign.
by gsmith
Sun Apr 08, 2018 12:42 am
Forum: Investing - Theory, News & General
Topic: Help Me Make The Case Against Online Trading Academy
Replies: 33
Views: 3502

Re: Help Me Make The Case Against Online Trading Academy

I've had friends who are convinced they are superheros on Forex/SP500 hedging/real estate due to some expensive class, and once they announce they are no longer interested in BH, I wish them luck and quickly turn the conversation. Even if you are correct, you will lose his friendship, as you're doub...
by gsmith
Fri Apr 06, 2018 4:00 am
Forum: Investing - Theory, News & General
Topic: Excess Returns in Alternatives?
Replies: 4
Views: 814

Re: Excess Returns in Alternatives?

]Main problem to me is informational asymmetry. And absence of diversification of risk. This is akin, to me, to single stock risk, or investing in a bond issued by a single corporation. There's an excellent book "The Salad Oil Swindle", about how American Express nearly went bankrupt lending money ...
by gsmith
Thu Apr 05, 2018 9:26 pm
Forum: Personal Investments
Topic: Are Callable CD's For Real?
Replies: 6
Views: 939

Re: Are Callable CD's For Real?

The 17% is more then likely a scam, but a Callable CD is a FDIC insured deposit. (if this was anAamerican bank) It's a regular CD, but it gives the bank the right to redeem it when interest rates plummet. The bank would give you back your deposit, and then turn around and borrow money at a lower rat...
by gsmith
Thu Apr 05, 2018 9:14 pm
Forum: Personal Finance (Not Investing)
Topic: LLC: how much attorney involvement?
Replies: 7
Views: 738

Re: LLC: how much attorney involvement?

If I used templates from the book, would an attorney need to review them each time? Maybe just "big"/potentially tricky ones like purchasing property? The attorney will likely recommend his template. Spirit Rider is spot on. The insurance company you hire will be providing the attorneys that will d...
by gsmith
Thu Apr 05, 2018 4:02 pm
Forum: Investing - Theory, News & General
Topic: Roth IRA for inheritance (with a snag?)
Replies: 17
Views: 896

Re: Roth IRA for inheritance (with a snag?)

Thank you all for this good information, delivered quickly to boot! NOW I understand that first and foremost, one needs to be converting from a tIRA or have earned income in order to do this. :oops: I didn't know. That's why this forum is so helpful. I've gone on a few junkets who hype Roth IRAs, b...
by gsmith
Thu Apr 05, 2018 3:37 pm
Forum: Investing - Theory, News & General
Topic: Roth IRA for inheritance (with a snag?)
Replies: 17
Views: 896

Re: Roth IRA for inheritance (with a snag?)

There are several "5 year rules" which makes it confusing, but there is a 5 year rule for inherited Roth IRAs converted from traditional IRAs. Fortunately, it's not nearly as onerous as interpreted in this thread. See https://www.rothira.com/roth-ira-5-year-rule If the decendant passes within 5 year...
by gsmith
Wed Apr 04, 2018 3:19 am
Forum: Personal Finance (Not Investing)
Topic: Merrill Edge over-transferred money from Vanguard
Replies: 1
Views: 654

Re: Merrill Edge over-transferred money from Vanguard

ACATS, the process used to transfer securities between brokerages, stays open until settlement, so the transfer of proceeds from the sale of the refused security to Merrill Edge was automated. Most likely, the easiest thing is to call Vanguard, explain the issue, and have them accept a wire from you...
by gsmith
Fri Mar 30, 2018 12:38 am
Forum: Personal Investments
Topic: Investing 150k of law school tuition
Replies: 7
Views: 968

Re: Investing 150k of law school tuition

Since the goal is less then five years, the prudent move is to invest in bonds/tbills/CD ladders. (assuming $150k will be enough to meet her objective). A quick warning, I've spoken to many attorneys in my day job, and most are unhappy with their occupation, the last telling me "If your daughter is ...
by gsmith
Fri Mar 23, 2018 1:27 am
Forum: Personal Investments
Topic: [Edward Jones Guided Solutions - transfer Roth to Vanguard]
Replies: 7
Views: 1147

Re: [Edward Jones Guided Solutions - transfer Roth to Vanguard]

The major problem with most full service brokers isn't just that they are expensive in comparison, it's because they have only need to offer "suitability" investments with high commissions instead of a "fiduciary" obligation to suggest the one in your best interest. There are fees on top of fees, an...
by gsmith
Tue Mar 20, 2018 10:46 am
Forum: Personal Investments
Topic: Is buying $50,000 worth of TSLA at this time advisable?
Replies: 46
Views: 4172

Re: Is buying $50,000 worth of TSLA at this time advisable?

Speaking as a TSLA shareholder who's position nearly doubled in value, I would say you are investing in the vision of Elon Musk and his health. It is unlikely that like Nicola Tesla or Jeff Bezos, Elon would compromise his vision for short term shareholder value. Just a few years ago, the CNBC crowd...
by gsmith
Tue Mar 06, 2018 8:18 pm
Forum: Investing - Theory, News & General
Topic: Crypto Index Fund
Replies: 26
Views: 2566

Re: Crypto Index Fund

Perhaps. I still view it as a very patriarchal move on their part. They have no problem with non-accredited investors going to a casino and putting it all on red, yet they will not allow these same people to purchase a number of at least passingly reasonable investments. You should interpret "only ...
by gsmith
Thu Mar 01, 2018 1:40 am
Forum: Investing - Theory, News & General
Topic: Does the JOBS act make being a landlord obsolete?
Replies: 12
Views: 2310

Re: Does the JOBS act make being a landlord obsolete?

Levels: 1 REIT > completely passive. A fund. Zero hands on control. Risk unknown. 2 Probably "crowdfunding in this slot. Unanimous investors taking a chance. Zero hands on control for investors except for the "hands on person". Very limited return. High risk. 3 "Hui" (in Hawaiian) or group of folks...
by gsmith
Tue Feb 27, 2018 1:51 pm
Forum: Personal Consumer Issues
Topic: Dealership oil change worth it?
Replies: 69
Views: 6436

Re: Dealership oil change worth it?

Nearly half of the dealership's revenue comes from Service. It's so bad, the service department subsidizes the new car price. Elon Musk (Tesla) has been quoted several times saying "I think it’s terrible to make a profit on service", and aimed to make Tesla's service department to be revenue neutral
by gsmith
Mon Feb 19, 2018 9:20 am
Forum: Personal Investments
Topic: Roth conversions to shrink RMDs
Replies: 15
Views: 1334

Re: Roth conversions to shrink RMDs

There's also a five year rule that taxes roth conversions, even if the original owner passes away before satisfying the time period.
I believe it only covers earnings, but it wasn't clear to me in my research.
by gsmith
Fri Feb 16, 2018 11:24 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Investors Love Lottery Stocks
Replies: 2
Views: 719

Re: Larry Swedroe: Investors Love Lottery Stocks

One of the most interesting parts working with small businesses is to see risk tolerance diminish. The second generation of ownership often loses the confidence/skills that a startup has to make decisions, out of fear of being perceived as a failure. If one has a well-diversified core portfolio, it'...
by gsmith
Tue Feb 13, 2018 10:39 pm
Forum: Personal Finance (Not Investing)
Topic: Should I claim chapter 7 bankruptcy? debt 110k
Replies: 64
Views: 7921

Re: Should I claim chapter 7 bankruptcy? debt 110k

I find the moralizing in this thread uncharacteristic of the forum. I agree with SmallSaver. The "moral hazard" argument has already bolted. Somehow OP's broker decided to give super-amplified casino chips, and OP blew up. I'm just going to leave this image describing the standard of living causing...
by gsmith
Tue Feb 13, 2018 2:26 am
Forum: Personal Investments
Topic: UGMA vs UTMA vs Vanguard Confusion
Replies: 6
Views: 1036

Re: UGMA vs UTMA vs Vanguard Confusion

UTMA/UGMA offers the least amount of control; it can't be spent on essentials and they have the right to do whatever they wish at age of majority. That could be wasted, or even harmful if they're not prudent. If you're going to go this route, you might want to ask the parents to "hire" their child.....
by gsmith
Mon Feb 12, 2018 11:32 pm
Forum: Personal Investments
Topic: realized startup equity / schwab private client
Replies: 15
Views: 1502

Re: realized startup equity / schwab private client

The questions have really been answered, but I just wanted to leave this link here WSJ:Advisers at Leading Discount Brokers Win Bonuses to Push Higher-Priced Products Fidelity representatives are paid 0.04% of the assets clients invest in most types of mutual funds and exchange-traded funds. They ea...
by gsmith
Mon Feb 12, 2018 9:08 pm
Forum: Personal Investments
Topic: From EJ to Vanguard to Schwab
Replies: 21
Views: 2484

Re: From EJ to Vanguard to Schwab

Just another post expressing empathy about dealing with bad transfers Fidelity's site will show you a preview of the ACAT request before they send it. As some advice, Schwab/Fidelity will sometimes reimburse you the costs of transferring money if your balance is large enough. As painful as it was, k...
by gsmith
Mon Feb 12, 2018 3:32 am
Forum: Personal Finance (Not Investing)
Topic: Seeking career advice - Software Engineer
Replies: 34
Views: 3323

Re: Seeking career advice - Software Engineer

A couple points - You might be able to leverage your skills with their vendors if there's a healthy ecosystem... If you enjoy and know their ERP's API, you might be able to be an easy sell for a recruiter for the same responsibilities without the drama. - If the company uses outdated tech, the more ...
by gsmith
Mon Feb 12, 2018 3:12 am
Forum: Personal Finance (Not Investing)
Topic: Deciding to Buy Rental Property - Need Advice
Replies: 16
Views: 2279

Re: Deciding to Buy Rental Property - Need Advice

Having tried the landlord/rehab The "why" part is to continue to better our lives and look for additional income streams With respect. I have tried to play landlord at my peril, and I just wanted to include some warnings... - BHs don't like fees, but when buying you will be paying at least half of a...
by gsmith
Mon Feb 12, 2018 2:51 am
Forum: Personal Investments
Topic: Wunder Capital - solar lending as an investment - Thoughts?
Replies: 9
Views: 874

Re: Wunder Capital - solar lending as an investment - Thoughts?

This is just one of the many high yield instruments that will separate your money from you eventually. When the yield is very high then you know the principle value is extremely unstable. There is no free lunch. :shock: The requirement for a highly accredited investor means the investment is exempt...
by gsmith
Mon Feb 12, 2018 2:45 am
Forum: Personal Finance (Not Investing)
Topic: Accidental Rollover of after tax contributions to a traditional IRA (thread 2)
Replies: 2
Views: 264

Re: Accidental Rollover of after tax contributions to a traditional IRA (thread 2)

Right, you now have a traditional IRA with non-deductable contributions. You can either: A: Do as you propose, and any earnings will be taxed at your tax bracket on distribution. B: Convert the Traditional IRA with a cost basis to a Roth IRA, pay taxes on the conversion amount minus $9000, and enjoy...
by gsmith
Mon Feb 12, 2018 2:38 am
Forum: Investing - Theory, News & General
Topic: I think US interest rates could drop.
Replies: 62
Views: 8216

Re: I think US interest rates could drop.

Currency hedged, the rates are comparablein both directions. Also, the end of quantitative easing is a known unknown in that it having an effect in some way is almost guaranteed but how that effect spirals out remains to be seen. I would agree with Theoretical... we are possibly coming out of an ad...
by gsmith
Mon Feb 12, 2018 2:03 am
Forum: Personal Investments
Topic: Vanguard advice--I'm confused
Replies: 30
Views: 4451

Re: Vanguard advice--I'm confused

Thanks for the input. So I should not be freaked out buying over $400,000 in bond funds right now? You may or may not freak out... here are some differences that you should know ahead of time A bond has different types of risks, some of which are comparable to a CD - Interest Rate Risk/Inflation. -...
by gsmith
Mon Feb 12, 2018 1:16 am
Forum: Personal Finance (Not Investing)
Topic: Bank offering 0.25% off mortgage interest for asset transfer
Replies: 24
Views: 2723

Re: Bank offering 0.25% off mortgage interest for asset transfer

Toward the end of the hour, he finally told me that I would pay a $50 per transaction fee if I moved my TRP account in kind into a self-directed account at Chase and kept the funds invested in TRP! There are a couple things my Chase advisor told me. - Chase calls non-managed accounts "Self-Directed...
by gsmith
Sun Feb 11, 2018 2:29 am
Forum: Personal Consumer Issues
Topic: SSD + HDD good option for upgrading desktop PC?
Replies: 74
Views: 10902

Re: SSD + HDD good option for upgrading desktop PC?

The other neat trick the Mac has is called a Fusion drive. It is just a small-medium SSD combined with an ordinary large capacity drive. The system software keeps the system and recent files on the SSD, but migrates older files to the larger drive over time. 99% of the time it acts just like a larg...
by gsmith
Wed Feb 07, 2018 10:58 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 396
Views: 37373

Re: free dinner investing seminar

I have never been to any free dinner investing seminar. If your friend reports to his experience on Bogleheads , it will be my privilege to donate $100 to Bogleheads. So i don't know if this counts, but this happened when I was 16. One day my mom gets a call from a telemarketer whishing her a happy...
by gsmith
Wed Feb 07, 2018 10:31 pm
Forum: Investing - Theory, News & General
Topic: How to short TSLA?
Replies: 50
Views: 3498

Re: How to short TSLA?

Seeing option trading advice on Bogleheads is like watching the leaders of a temperance movement take shots of whiskey. You want to see if they can hold their liquor and if so straying from "staying the course" more then they'd admit. Both shorting stocks and options are forms of leverage; the finan...
by gsmith
Wed Feb 07, 2018 8:36 pm
Forum: Personal Finance (Not Investing)
Topic: Would You Recommend Living Revocable Trusts? Married, Retired, No Kids.
Replies: 10
Views: 1595

Re: Would You Recommend Living Revocable Trusts? Married, Retired, No Kids.

The living trust is really great for FDIC insurance limits, as you can have $1.25 million insured at the same bank if titled correctly.
See https://www.fdic.gov/deposit/covered/trust.html
by gsmith
Wed Jan 24, 2018 4:27 am
Forum: Investing - Theory, News & General
Topic: Importance of FDIC Insurance
Replies: 17
Views: 2132

Re: Importance of FDIC Insurance

I have done a lot of research on this topic, and hopefully it might be of help.... Short Answer: It's not the end of the world if you don't have it, but it's easy enough to get that you should. First point: FDIC treats each benefitiary of a Living Trust as a depositor, so a living trust that gives $...
by gsmith
Fri Jan 12, 2018 4:40 am
Forum: Personal Investments
Topic: Inherited retirement
Replies: 8
Views: 1757

Re: Inherited retirement

There are a couple quirks with 401ks, that allow you some options IRAs don't already have. - If the stock has appreciated greatly, you might be able to take advantage of *Net Unrealized Appreciation (NUA)".* - You may have the opportunity to ask for the 401k to convert to a Roth under a little known...
by gsmith
Thu Jan 11, 2018 1:23 am
Forum: Personal Consumer Issues
Topic: more problem with boyfriend's computer
Replies: 9
Views: 1151

Re: more problem with boyfriend's computer

... Phineas has the BEST advice about backups, preferably online service like Mozy. the worst case is ransomware, which means that you'll have to pay a lot of money to have access to your files if someone took over your PC, and that is best protected against by backups. I don't like portable hard d...
by gsmith
Wed Jan 10, 2018 11:30 pm
Forum: Personal Consumer Issues
Topic: more problem with boyfriend's computer
Replies: 9
Views: 1151

Re: more problem with boyfriend's computer

How do you wipe out and install Windows on the old PC? Honestly, I would buy a new PC/laptop, unless I was hurting for money so badly I was going to keep it for 2-3 years, Wiping the PC is very invasive, and everything will need to be backed up, restored and reinstalled. Here are the instructions: ...
by gsmith
Wed Jan 10, 2018 10:23 pm
Forum: Personal Consumer Issues
Topic: more problem with boyfriend's computer
Replies: 9
Views: 1151

Re: more problem with boyfriend's computer

Please forgive me for being blunt, but cybersecurity is like physical security. You don't need to be completely secure, just secure enough to make it hard enough that the burgler goes next door. If you make it too hard, people will find short-cuts that will compromise policy. he doesn't use a passwo...
by gsmith
Wed Jan 10, 2018 2:06 am
Forum: Investing - Theory, News & General
Topic: Memo to those who have won the game: it's time to quit playing
Replies: 211
Views: 22187

Re: Memo to those who have won the game: it's time to quit playing

I just wanted to point out while the SP500 is up 21.26%, the dollar has plummeted in value, and most people have their assets denominated in USD. Viewed from most of the developed world, the SP500 is ~11% 1 yr return, which is normal. USD:MXN: - 11.74% USD-EUR: -11.5% USD-GBP: -9.96% USD-CAD: -5.74%...