Search found 96 matches

by DEBTINATOR
Tue Jun 11, 2019 11:20 pm
Forum: Investing - Theory, News & General
Topic: Dividend Reinvestment Plan (DRIP) in a Taxable Account - Good or Bad Idea?
Replies: 5
Views: 760

Re: Dividend Reinvestment Plan (DRIP) in a Taxable Account - Good or Bad Idea?

For a taxable account, is it a good idea to turn OFF the automatic Dividend Reinvestment Plan? Wouldn't that make tax tracking easier? (because you won't have as many lots with a different cost basis) Any other advantages or disadvantages? Generally you turn it off and use the dividends to rebalanc...
by DEBTINATOR
Sat Jun 08, 2019 7:00 pm
Forum: Personal Consumer Issues
Topic: Nest Smoke/CO Detectors
Replies: 17
Views: 1210

Re: Nest Smoke/CO Detectors

As others have said, the integrated motion-activated nightlight is helpful in the bedroom, especially with a newborn.
by DEBTINATOR
Wed Jun 05, 2019 10:56 am
Forum: Personal Finance (Not Investing)
Topic: Relationship mortgage discounts for moving a million assets
Replies: 185
Views: 15168

Re: Relationship mortgage discounts for moving a million assets

Question for those that have done this before. My wife has an 810 credit score. I don't know, but suspect I'm closer to 780-800 (they use the mortgage lending model which is hard to find w/out paying myFICO.com). I may add myself but it'll reduce lender credits and possibly rate, which kind of defea...
by DEBTINATOR
Tue Jun 04, 2019 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: Relationship mortgage discounts for moving a million assets
Replies: 185
Views: 15168

Re: Relationship mortgage discounts for moving a million assets

WOW BofA finally came through after several days with this offer: 2.625% 10/1 ARM, -1/8 point lender credit, conditional on $500k in new money This caused me to give BOA a call today. The guy basically said that was impossible (I'm not questioning Startled Cat, the CSR could be wrong). For 10/1, th...
by DEBTINATOR
Wed May 29, 2019 3:52 pm
Forum: Personal Investments
Topic: Married to an S-Corp owner
Replies: 12
Views: 1260

Re: Married to an S-Corp owner

As others have pointed out, with 5 employees it gets complicated. Are they full-time? The full-fledged 401(k) is more complicated, but probably a necessity given her structure. If she is really not interested in offering the retirement plan to the employees, then taxable accounts + IRA can be the wa...
by DEBTINATOR
Mon May 20, 2019 3:12 pm
Forum: Personal Investments
Topic: Am I off my rocker? Shift some assets to real estate?
Replies: 23
Views: 2003

Re: Am I off my rocker? Shift some assets to real estate?

Personal anecdote: I worked from ages 14-18 as a busbuy at Outback Steakhouse. My parents didn't have money. I made $2.83/hr + tips (minimum wage). Would be 7-9/hr. I worked Sat-Sunday and maybe a Friday night or Thursday. I was also Valedictorian, an Eagle Scout, and played 3 Varsity sports. So, do...
by DEBTINATOR
Wed May 15, 2019 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: Paying down mortgage - college aid?
Replies: 3
Views: 449

Re: Paying down mortgage - college aid?

As SC said, you were getting different answers because schools have different standards. You need to look at the federal standards in the institutional standards. Since you are six years out and you don’t know where your kid will go to school, You don’t know which set of standards to look at, or if ...
by DEBTINATOR
Wed May 15, 2019 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Too much disability insurance?
Replies: 4
Views: 247

Re: Too much disability insurance?

You should be OK to get the private disability insurance now, and Its probably a good idea given that you have no insurance at the moment. If you were to reapply in one year after your work disability would be in place then you would qualify for a reduced premium/benefit. So by applying now you can ...
by DEBTINATOR
Fri May 10, 2019 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: Help me pull the trigger-need to quit
Replies: 41
Views: 5264

Re: Help me pull the trigger-need to quit

Since DH is still contributing, you’re drawing down 60 and maybe replacing 20 or more with a match, etc. 40k/2.3M is 1.7% withdrawal. Only on this forum would people find a way for that not to work. 10k is an RMD. 30k can come from taxable easily or you can play with rothnconv ladder or 72t. Many op...
by DEBTINATOR
Tue May 07, 2019 11:23 am
Forum: Personal Finance (Not Investing)
Topic: 529 Question--one per child, or one per family?
Replies: 13
Views: 1064

Re: 529 Question--one per child, or one per family?

First off, very kind. Do you know how much $ the parents (your kid) makes? Will they be qualifying for financial aid? If they are well off and won’t qualify for need based aid, then this doesn’t matter, but if they do you need to be careful. Grandparent 529 asset is invisible, BUT is counted as inco...
by DEBTINATOR
Sun May 05, 2019 1:45 am
Forum: Personal Finance (Not Investing)
Topic: Jumbo vs Super Conforming Mortgage
Replies: 4
Views: 678

Re: Jumbo vs Super Conforming Mortgage

When we bought. I was told that banks have to hold jumbo loans on their books longer than confirming, which get flipped almost instantly.

So, the underwriting process can be a bit more stringent and possibly lower risk.
by DEBTINATOR
Sat May 04, 2019 10:42 pm
Forum: Personal Investments
Topic: Vanguard PAS experience - weird
Replies: 9
Views: 1618

Re: Vanguard PAS experience - weird

As the expression goes, you get what you pay for. PAS isn't a full-service financial advisor. They aren't going to help you with cash flow or insurance beyond sending you a pdf and sending you on your way. If you want them to determine your AA and implement, that's what you should expect. Beyond tha...
by DEBTINATOR
Fri May 03, 2019 7:23 pm
Forum: Personal Finance (Not Investing)
Topic: Boat close enough to the dock? Career transition question
Replies: 10
Views: 1225

Re: Boat close enough to the dock? Career transition question

How does your financial planning business make you feel when you do the work versus your IT consulting career? You have the resources to make the jump, but I would say to walk away from that kind of income, your heart has to be 100% in the new business. Keep your IT skills sharp, if after several y...
by DEBTINATOR
Fri May 03, 2019 5:53 pm
Forum: Personal Finance (Not Investing)
Topic: Boat close enough to the dock? Career transition question
Replies: 10
Views: 1225

Re: Boat close enough to the dock? Career transition question

That's a great salary for family medicine physician. Is that VA/Government position - i am guessing because of the 5 year pension. If so, and spouse is continuing to be happy with work after first kid, then I count her position as super super secure and would be comfortable dropping out of the cons...
by DEBTINATOR
Fri May 03, 2019 2:46 pm
Forum: Personal Finance (Not Investing)
Topic: Please Critique our Budget
Replies: 28
Views: 2238

Re: Please Critique our Budget

rashad3000 wrote:
Fri May 03, 2019 2:39 pm
11 more years on a 15-year at 0.125% (NACA).
Could you explain this?

You're saving like $5k/month, which is great. I assume based on age and NW that this is a recent increase in the last few years, but it seems like you are well within your means.
by DEBTINATOR
Fri May 03, 2019 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: Boat close enough to the dock? Career transition question
Replies: 10
Views: 1225

Re: Boat close enough to the dock? Career transition question

Just think of how far that physician salary would go in Austin. Why not just move there? Then you can start out a CFP hobby and if it's not really paying....who cares? It's a good question that I can speak to. Within her specialty, which is Family Medicine, the pay and more importantly job responsi...
by DEBTINATOR
Fri May 03, 2019 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: Boat close enough to the dock? Career transition question
Replies: 10
Views: 1225

Boat close enough to the dock? Career transition question

Long post! Some may get the Dave Ramsey reference. I’ve been a Boglehead for a while now, since ’11 when I first wrote for help in prioritizing student loans and 401(k). Started a 2nd career as a financial planner and think it’s time to cut the cord. Not looking for portfolio advice, just general im...
by DEBTINATOR
Thu Mar 21, 2019 2:14 pm
Forum: Personal Investments
Topic: Will rolling over 401(k) jeopardize future backdoor Roth IRA conversions?
Replies: 5
Views: 466

Re: Will rolling over 401(k) jeopardize future backdoor Roth IRA conversions?

1. Yes. 2. No reason not to leave your money in your old employer's 401(k) if the investment options are good. I had one 401(k) I left with a former employer back in the days when good investment options were hard to come by, and it stayed there for more than 15 years until I eventually rolled it o...
by DEBTINATOR
Thu Mar 21, 2019 2:04 pm
Forum: Personal Consumer Issues
Topic: Recall: Subaru 2015, 2016 & 2017 Legacy & Outback steering
Replies: 59
Views: 8774

Re: Recall: Subaru 2015, 2016 & 2017 Legacy & Outback steering

We have a 2013 Subaru that has already been through 2 recalls and a full engine rebuild. Less than 30k miles. On top of that, the Bluetooth phone connection is incompatible with the headlights and runs on a frequency that causes a buzzing noise that is unbearable. I know people love Subaru but what ...
by DEBTINATOR
Fri Mar 15, 2019 11:21 am
Forum: Personal Investments
Topic: Backdoor Roth worth it?
Replies: 23
Views: 1208

Re: Backdoor Roth worth it?

To clarify, age 67-70 you aren’t working and don’t have to take RMD. Depending on spouse you can probably convert some pretax to Roth and maybe defer social security.
by DEBTINATOR
Fri Mar 15, 2019 11:19 am
Forum: Personal Investments
Topic: Backdoor Roth worth it?
Replies: 23
Views: 1208

Re: Backdoor Roth worth it?

You honestly have a really good grasp on the process, pro rata rule and it seems like the only risk is being out of the market as it seems you have already ruled out custodian to custodian transfer. I would probably do it but with hesitation as we are at a high point in the market...though who knows...
by DEBTINATOR
Sat Dec 22, 2018 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: Employer asking me to move my brokerage account
Replies: 30
Views: 3446

Re: Employer asking me to move my brokerage account

When I joined my current company I lost a cell phone, went to a horrible 401k and had to buy my own laptop.

But I’ve more than tripled my income in a few years.

How meaningful is that 7 trade and what did you gain by moving there? Look at the big picture.
by DEBTINATOR
Wed Oct 24, 2018 2:23 am
Forum: Investing - Theory, News & General
Topic: 401(k) Provider Change - 25 days in cash?!
Replies: 29
Views: 2055

Re: 401(k) Provider Change - 25 days in cash?!

Not to be off topic, but just this morning I thought whether all monthly retirement contributions going into the market around the 30th-1st of every month (new money) would have any effect in the stock-bond market. They should make a little dent at least for a couple of days, right? Just curious. I...
by DEBTINATOR
Tue Oct 23, 2018 8:05 pm
Forum: Investing - Theory, News & General
Topic: 401(k) Provider Change - 25 days in cash?!
Replies: 29
Views: 2055

401(k) Provider Change - 25 days in cash?!

My company is planning to change providers. They are planning to: 1. Lock us out of investment changes for 2 weeks (no problem there) 2. Sell 100% of our investments (ok...makes sense, funds are different) 3. Transfer the assets, place them in a money market, and restrict our participation for 25 da...
by DEBTINATOR
Wed Sep 19, 2018 3:27 pm
Forum: Investing - Theory, News & General
Topic: Fee Only Advisor Cost
Replies: 4
Views: 511

Re: Fee Only Advisor Cost

What would you as Bogleheads say is a reasonable hourly rate for a fee-only advisor if they were to only give you one time advice? What would you say is a reasonable hourly rate for an advisor if they do a monthly "subscription" for unlimited advice? If possible, it would be a nice side gig to do l...
by DEBTINATOR
Sat Jun 16, 2018 3:24 pm
Forum: Personal Consumer Issues
Topic: African Safari: Worth it or Hype?
Replies: 83
Views: 11419

Re: African Safari: Worth it or Hype?

The trek up Kilimanjaro was even better. Safari was terrific too.
by DEBTINATOR
Fri Feb 02, 2018 11:32 am
Forum: Personal Investments
Topic: Hourly, over the phone investing help
Replies: 15
Views: 1121

Re: Hourly, over the phone investing help

Hey Thenewguy. I have a slightly different point of view that most on this forum as I believe that a segment of the marketplace does have a need for a financial planner. Since you're looking for hourly planning, you are already looking for a "fee-only" planner. Stay clear of the life insurance sales...
by DEBTINATOR
Thu Oct 12, 2017 12:14 am
Forum: Personal Finance (Not Investing)
Topic: Chase Sapphire Reserve 50k points for private banking checking relationship
Replies: 12
Views: 2598

Re: Chase Sapphire Reserve 50k points for private banking checking relationship

I received the same phone call and offer yesterday. Didn't have time to find out the details and I've got funds tied up at TD Ameritrade.

Curious to know some of the terms and conditions and offer end date though.
by DEBTINATOR
Fri May 01, 2015 9:58 am
Forum: Personal Investments
Topic: Baby Step 8
Replies: 20
Views: 3510

Re: Baby Step 8

First off, congratulations! I've made my way through a few baby steps as well. If your total portfolio is mid 5 figures (let's assume 50k), can you clarify what % is in your 401(k), Roth IRA and available for taxable? Also, are you already maxing out the 401(k) this year, or is there additional room...
by DEBTINATOR
Mon Apr 27, 2015 4:32 pm
Forum: Personal Investments
Topic: Investment Report for single 30 y/o
Replies: 2
Views: 833

Re: Investment Report for single 30 y/o

Questions: 1. Overall, how does it look? 2. What should my plan be with the individual stocks. I refrained from selling AET and ANTM through 2014 which has been a boon for me, but I know I need to sell at some point. I do not need to money now so should I sell now and reinvest into an index fund or...
by DEBTINATOR
Thu Apr 02, 2015 10:59 am
Forum: Personal Finance (Not Investing)
Topic: Best credit card for me???
Replies: 23
Views: 46779

Re: Best credit card for me???

had the Priceline card for a few years A note to those of you recommending the Citi simplicity for 2% cash back. Until about a year ago, the Priceline card (and those grandfathered) is 2% also. That card is now significantly better than the AMEX and Citi card. To the OP: If I can assume you prefer ...
by DEBTINATOR
Tue Mar 31, 2015 12:53 pm
Forum: Personal Consumer Issues
Topic: Honeymoon Ideas
Replies: 31
Views: 4463

Re: Honeymoon Ideas

Just got back from my honeymoon. We went to cancun and spent half the time at the Ritz and half at the all inclusive Hyatt Zilara. If you play the credit card game right you could probably stay at the Hyatt for near free. Husband and wife apps to a chase sapphire and hyatt card should do it. It's my...
by DEBTINATOR
Sat Mar 14, 2015 3:31 pm
Forum: Personal Consumer Issues
Topic: Friend Leased A Car With Free Maintenance Now Dealer Gone
Replies: 9
Views: 2175

Re: Friend Leased A Car With Free Maintenance Now Dealer Gon

Is there another Kia dealer nearby? It may be a Kia backed program that another dealer will accept.

This was how Subaru's plan worked for us.
by DEBTINATOR
Thu Mar 12, 2015 9:02 am
Forum: Personal Consumer Issues
Topic: $600 night guard for teeth grinding, really?
Replies: 92
Views: 26917

Re: $600 night guard for teeth grinding, really?

I had one made custom. It's A LOT smaller than the OTC one, but I still struggle w/ the size. No way I would use the OTC one. I saw 2 dentists, there is a huge variance in price with these. First one was $300 bucks. Second dentist presented 2 options for $60 and $200 dollars. If you need guard, I'd ...
by DEBTINATOR
Wed Oct 22, 2014 7:27 am
Forum: Personal Consumer Issues
Topic: iPad Air 2 - 16 or 64 Gig?
Replies: 42
Views: 11355

Re: iPad Air 2 - 16 or 64 Gig?

One thing to consider. The operating system keeps getting larger. There is less of the 16 GB free to you for your apps than before. I had trouble installing ios8 on my phone for this very reason. With the increasing camera quality those pictures keep getting bigger!
by DEBTINATOR
Wed Sep 24, 2014 11:54 pm
Forum: Investing - Theory, News & General
Topic: Let's hear your Dave Ramsey success stories
Replies: 79
Views: 28926

Re: Let's hear your Dave Ramsey success stories

Here's an old thread from 2011. About three years ago I was 60k in debt on a 60k income. http://www.bogleheads.org/forum/viewtopic.php?f=2&t=84506 By most measures I'm someone of above avg intelligence, but was in denial about my finances for a long time. I can think of many excuses: parents, wealth...
by DEBTINATOR
Mon Sep 15, 2014 9:23 pm
Forum: Personal Finance (Not Investing)
Topic: Help with a large business decision [capital expenditure]
Replies: 36
Views: 2221

Re: Help with a large business decision

Are you willing to lay off 3 people as the new machine will allow? What is the amount gained from doing so?
by DEBTINATOR
Tue Sep 09, 2014 9:56 am
Forum: Personal Investments
Topic: Setting up a New Profit Sharing 401(k). Need Advice.
Replies: 7
Views: 546

Re: Setting up a New Profit Sharing 401(k). Need Advice.

niceguy7376 wrote:I understood that IF he rolls into Trad IRA, backdoor Roth cannot be used.

What about the two backdoor roths that was mentioned?
probably the same two backdoor roths most people on this forum do (w/ a spouse) 2x 5,500 - just an assumption
by DEBTINATOR
Tue Sep 09, 2014 9:28 am
Forum: Personal Investments
Topic: Setting up a New Profit Sharing 401(k). Need Advice.
Replies: 7
Views: 546

Re: Setting up a New Profit Sharing 401(k). Need Advice.

I might be missing something and I am definitely not an expert, BUT, how does rolling a trad 401k into Roth IRA matter in terms of Backdoor Roth? What is it about two backdoor Roths that you are talking about? are those two just for you or are you talking about one for you and one for spouse? If he...
by DEBTINATOR
Tue Sep 09, 2014 9:28 am
Forum: Personal Investments
Topic: Setting up a New Profit Sharing 401(k). Need Advice.
Replies: 7
Views: 546

Re: Setting up a New Profit Sharing 401(k). Need Advice.

for a premium of 0.29% annually I'd just use spartan funds. Then roll it over once when you are done w/ this plan.
by DEBTINATOR
Thu Aug 21, 2014 11:25 am
Forum: Personal Finance (Not Investing)
Topic: Quitting HDHP mid-year - effect on HSA funding
Replies: 7
Views: 755

Re: Quitting HDHP mid-year - effect on HSA funding

Unfortunately I only have $7000 in there now, soon to be closer to $10000. In my world of math $7000 is more than $5000, so I don't understand the issue. 1.5% on $5000 is not too shabby nowadays. (0.2% interest paid on $5K, but only 0.1% on $4,925). What is your emergency fund invested in? Are you ...
by DEBTINATOR
Thu Aug 21, 2014 11:05 am
Forum: Personal Finance (Not Investing)
Topic: Quitting HDHP mid-year - effect on HSA funding
Replies: 7
Views: 755

Re: Quitting HDHP mid-year - effect on HSA funding

Unfortunately I only have $7000 in there now, soon to be closer to $10000. Based on my math the fees would total $66. $66 for not having 4925 invested. Basically a return of 1.3% on my money (1.4% if you include the .1% they give you). I think long term the 75/25 allocation will outpace this so I le...
by DEBTINATOR
Thu Aug 21, 2014 10:08 am
Forum: Personal Finance (Not Investing)
Topic: Quitting HDHP mid-year - effect on HSA funding
Replies: 7
Views: 755

Re: Quitting HDHP mid-year - effect on HSA funding

One can certainly contribute the pro-rated amount for the year, but not more. Be careful to include any employer contributions in the total amount contributed. For instance, some employers put $1000 or $500 or $$ into one's HSA even if one does not contribute to the HSA. That employer contribution ...
by DEBTINATOR
Thu Aug 21, 2014 8:37 am
Forum: Personal Finance (Not Investing)
Topic: Quitting HDHP mid-year - effect on HSA funding
Replies: 7
Views: 755

Re: Quitting HDHP mid-year - effect on HSA funding

I think I may have answered my own question and that my first thought was correct.

The answer appears to reside in the instructions for form 8889.

http://www.irs.gov/pub/irs-pdf/i8889.pdf
by DEBTINATOR
Thu Aug 21, 2014 8:30 am
Forum: Personal Finance (Not Investing)
Topic: Quitting HDHP mid-year - effect on HSA funding
Replies: 7
Views: 755

Quitting HDHP mid-year - effect on HSA funding

My fiancee is able to provide me with free healthcare through her domestic partner program at work (yay!). It is a normal plan, and a high deductible plan is not available. I've been on a HDHP for 2.xx years. Is my assumption correct that my contribution for this year is expressed as a percentage of...
by DEBTINATOR
Wed Aug 20, 2014 12:53 pm
Forum: Personal Consumer Issues
Topic: Jewelry Insurance - Engagement Ring
Replies: 19
Views: 5813

Re: Jewelry Insurance - Engagement Ring

I picked one up for emotional reasons more than financial. The fiance is somewhat clumsy and can loose/break things a lot more than the average bear. I didn't want her to have the guilt if something happened to it, that it would xxx to replace it. Not entirely logical but I think it works for us. No...
by DEBTINATOR
Tue Feb 04, 2014 10:59 pm
Forum: Personal Finance (Not Investing)
Topic: Is Consumer Banking permanently broken?
Replies: 29
Views: 2486

Re: Is Consumer Banking permanently broken?

My checking accounts pay 3% and 1.76% on up to 15k and 25k, respectively. Good enough for me
by DEBTINATOR
Mon Jan 27, 2014 8:33 am
Forum: Personal Consumer Issues
Topic: buying latex mattress online
Replies: 14
Views: 3211

Re: buying latex mattress online

You mean Foam Factory, with the url foambymail.com? Yes, I have. I love it. It's my first latex mattress, but it's the most comfortable bed I've ever owned. Even if it turns out to not be 100% the best latex mattress ever produced, it was well worth the cost for the years I've had it. I did a rigid...
by DEBTINATOR
Fri Jan 24, 2014 12:09 am
Forum: Personal Finance (Not Investing)
Topic: POLL: What Percentage of Your Retirement Portfolio is Roth?
Replies: 42
Views: 3900

Re: POLL: What Percentage of Your Retirement Portfolio is Ro

I keep wondering if I am too heavily vested in Roth's. I've been maxing my Roth IRA for 10 years, and I switched my 401k over to a roth a few years ago, as soon as my employer offered it. I'm 34 years old, wife is 30 and we are currently in the 25% tax bracket. I obviously have no idea where the ta...
by DEBTINATOR
Tue Jan 21, 2014 9:46 am
Forum: Personal Investments
Topic: Evaluate my finances. Young guy.
Replies: 96
Views: 14309

Re: Evaluate my finances. Young guy.

I did an analysis and it would have to take the stock market to drop 50% or more to wipe me out. And it would have to happen in less than a year (because I can save $20K a year) If the stock market indeed dropped that much in a year, then something major is going on, like world war or something whi...