Search found 861 matches

by FoolStreet
Thu Nov 21, 2019 2:10 am
Forum: Personal Investments
Topic: Fees for in-service withdrawals? (Fido Mega backdoor)
Replies: 9
Views: 372

Re: Fees for in-service withdrawals? (Fido Mega backdoor)

So DW got a new job with megacorp, they offer 401k after-tax contributions with in-service rollover (Mega), and we have a little extra to throw in at the end of the year after maxing 401k and regular backdoor roth so we are trying to get the hang of this (all thanks to the forum, thank you BH!! :be...
by FoolStreet
Sat Nov 16, 2019 12:46 pm
Forum: Personal Investments
Topic: How to sell my Aunts shopping plaza?
Replies: 29
Views: 3615

Re: How to sell my Aunts shopping plaza?

Presumably, find a commercial real estate broker in the area. I am sure many would want to buy directly to negotiate out the middle man. We have bought similar shopping plazas and have used commercial brokers to purchase. If an investor were to discuss with your aunt, they would probably want to sig...
by FoolStreet
Mon Nov 11, 2019 11:51 pm
Forum: Personal Investments
Topic: "Tax advantaged Annuity" advised for friend
Replies: 35
Views: 1571

Re: "Tax advantaged Annuity" advised for friend

My friend gave me permission to have the Bogleheads ask questions and critique a possible move she may make. She has found a new advisor, and he is suggesting she put $270,000.00 into a "tax advantaged annuity." This is l/5 of her savings and she has a pension, social security, and rent from 2 hous...
by FoolStreet
Sun Nov 10, 2019 3:17 pm
Forum: Personal Consumer Issues
Topic: Timeshare offer experience
Replies: 103
Views: 10252

Re: Timeshare offer experience

Posting my experience on a timeshare promotion as I know several Bogleheads have received the same offer. I got this offer in the mail a few months ago: 1. Five nights at the Westin Princeville Kauai (for the nights we went, worth $2,000) 2. Rental car (worth $185) 3. $75 resort credit 4. Mandatory...
by FoolStreet
Sun Nov 10, 2019 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Rental Property? What do you think?
Replies: 5
Views: 543

Re: Refinance Rental Property? What do you think?

That's just it. We feel we are trading a lower interest rate for up front closing costs. Thanks for your reply. Sorry if this sounds basic, but have you looked at the estimated closing costs and calculated which costs are prepaid vs one-time transactional? That’s a good place to start. I recently r...
by FoolStreet
Sun Nov 10, 2019 2:38 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Planning, Wealth Management advice
Replies: 4
Views: 458

Re: Financial Planning, Wealth Management advice

Hi all, I am looking for advice on getting started with Financial Planning & Wealth Management. The wife & I have been following general advice for retirement saving and have purchased a home. Now we have built up a cash reserve and don't know how to proceed towards growing our cash savings. I don'...
by FoolStreet
Sat Nov 09, 2019 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Rental Property? What do you think?
Replies: 5
Views: 543

Re: Refinance Rental Property? What do you think?

Hello, We have been thinking that since interest rates have gone down a bit, we'd explore refi options for this rental property we bought in 2015. Current outstanding balance: $198 k, 26 years Current Mortgage Rate: 4.62% Refinance opportunity: 3.5% 30 years, 2 points (Remember it's a rental!) Tota...
by FoolStreet
Sat Nov 09, 2019 10:53 am
Forum: Personal Consumer Issues
Topic: Any NJ lawyers or former heirs out there?
Replies: 5
Views: 867

Re: Any NJ lawyers or former heirs out there?

Any NJ lawyers or former heirs out there? Administrator is wrapping up an intestate will and claimed (back in June) that it would take until the end of the year to get a Division of Taxation audit and acceptance letter before distribution of assets can begin. This seems like an excessive amount of ...
by FoolStreet
Wed Nov 06, 2019 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: Tax on LLC Partnership Income
Replies: 6
Views: 505

Re: Tax on LLC Partnership Income

dddino wrote:
Wed Nov 06, 2019 2:25 pm
FoolStreet wrote:
Tue Nov 05, 2019 2:09 am
Are you the owners and the operators? Could the LLC run without any of your involvement?
No. we are involved in day to day operations.
Ok. Then you can't put the business in a self directed IRA.
by FoolStreet
Tue Nov 05, 2019 2:09 am
Forum: Personal Finance (Not Investing)
Topic: Tax on LLC Partnership Income
Replies: 6
Views: 505

Re: Tax on LLC Partnership Income

I recently found Bogleheads through a google search and have been spending hours every week digesting the material out here. Great source of Info. Thank you all. Have a quick question regarding taxation. Both of us have full time jobs with a gross combined income around 300K (~38 year old) We max o...
by FoolStreet
Mon Oct 28, 2019 10:38 pm
Forum: Personal Investments
Topic: Am I doing this right? Using a money manager...
Replies: 24
Views: 2325

Re: Am I doing this right? Using a money manager...

No, you aren’t doing the 3 fund asset allocation right.


It’s okay if you are happy though. No one is judging you!
by FoolStreet
Mon Oct 28, 2019 12:17 am
Forum: Personal Investments
Topic: Prioritizing various tax deferred accounts with new baby (403b, ira, 529)
Replies: 12
Views: 609

Re: Prioritizing various tax deferred accounts with new baby (403b, ira, 529)

Yeah, skip the 529. When I was in your stage of life I wanted to balance cash flow with flexibility. I wanted to know I had money that I could use for multiple purposes. Roth fit that bill for me. You are doing backdoor Roth for each of you? Can you do an after tax Roth? You can always withdraw Roth...
by FoolStreet
Sun Oct 27, 2019 9:57 pm
Forum: Personal Investments
Topic: Help with Solo 401k Placement
Replies: 16
Views: 1064

Re: Help with Solo 401k Placement

Holdolding real estate inside the 401k presents significant risks of prohibited transactions. Here are some examples. Paying rehab costs out of pocket would be a prohibited transaction. As would any amount of sweat equity. All services must be contracted to some who is not a prohibited person. All ...
by FoolStreet
Fri Oct 25, 2019 2:35 pm
Forum: Personal Consumer Issues
Topic: Brisket Recipe
Replies: 19
Views: 2421

Re: Brisket Recipe

About 6 months ago I received a copy of Aaron Franklin's BBQ book . I highly recommend it to anyone who enjoys Texas BBQ and it brought back a lot of nostalgic memories of my dad and grandpa cooking brisket on their offset smokers . The book and memories inspired a desire to cook a full brisket, bu...
by FoolStreet
Fri Oct 25, 2019 1:09 am
Forum: Personal Investments
Topic: New Investor with an Inheritance
Replies: 15
Views: 2178

Re: New Investor with an Inheritance

Thank you all for the great feedback and kind words. A couple points—the whitecoatinvestor is a fantastic resource that I’ve been using since before all of this happened already. I also do plan to read the Richest Man in Babylon, I have already purchased it and its on my “to read” list. Some follow...
by FoolStreet
Sat Oct 19, 2019 9:56 pm
Forum: Personal Finance (Not Investing)
Topic: Legacy/Inheritance
Replies: 61
Views: 6653

Re: Legacy/Inheritance

I am in no way qualified to give you financial advice and I will not do so. However, I'd like to offer you my admiration that you've been able to live a lifestyle in which your kids don't know their parents are worth tens of millions of dollars. That's pretty remarkable. If one lived a lifestyle wh...
by FoolStreet
Thu Oct 17, 2019 11:00 am
Forum: Personal Finance (Not Investing)
Topic: Inherited Annuity question(s)
Replies: 37
Views: 2649

Re: Inherited Annuity question(s)

My mother passed away and left me an annuity with Lincoln. Non-qualified, variable, already in distribution mode. Value is $750k, cash/cost basis/non taxable amount is $461k. 1) Should I cash out and be subject to NY and federal taxes to pay off my house, $520k left, 26 years at 4.2%? 2) Should I c...
by FoolStreet
Tue Oct 15, 2019 7:18 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited Annuity question(s)
Replies: 37
Views: 2649

Re: Inherited Annuity question(s)

Question: How do I get my money out of this annuity?

Answer: Buy another annuity!
by FoolStreet
Sun Oct 13, 2019 8:19 pm
Forum: Personal Investments
Topic: Extricating Myself From an Advisor and Investment Bank
Replies: 36
Views: 2399

Re: Extricating Myself From an Advisor and Investment Bank

2. Make a plan first. Here on Bogleheads, we assume you know what you are doing because - well - you're on Bogleheads. But to be a Devil's Advocate, your post does not say how you will invest your money. Will you invest in penny stocks? Momentum? Will you sell at bottoms? We just don't know where y...
by FoolStreet
Sun Oct 13, 2019 3:42 pm
Forum: Personal Consumer Issues
Topic: Suggestions for good leather shoe?
Replies: 43
Views: 4243

Re: Suggestions for good leather shoe?

Seconding AE seconds (no pun intended). Don't pay list price - they run sales a few times a year, so it's easy enough to catch one if you're watching. I have five pairs of AE, some were first-rate and some were seconds. Just the slightest ding anywhere on the shoe will make them downgrade it. In mo...
by FoolStreet
Sun Oct 13, 2019 1:53 pm
Forum: Personal Investments
Topic: Extricating Myself From an Advisor and Investment Bank
Replies: 36
Views: 2399

Re: Extricating Myself From an Advisor and Investment Bank

About 2 years ago, I inherited a family member's holdings at a large investment bank. He paid his advisor 1% of total assets under management, managing a portfolio of about 80% bonds and 20% blue-chip stocks. This portfolio and allocation is what I inherited and has seen some minor changes since I'...
by FoolStreet
Sun Oct 13, 2019 11:57 am
Forum: Personal Consumer Issues
Topic: What workout equipment to get?
Replies: 63
Views: 4752

Re: What workout equipment to get?

I would recommend getting a set of Powerblock adjustable dumbbells for your strength training - they should last forever and there is always a buyer for them near what you paid for them, and they take up almost no space (unlike having various sizes or plates) - and use the JeFit application to cust...
by FoolStreet
Wed Oct 09, 2019 9:59 pm
Forum: Personal Consumer Issues
Topic: Looking for a new sedan.
Replies: 3
Views: 591

Re: Looking for a new sedan.

For that kind of money, definitely consider a Tesla Model 3. Free gas everywhere on http://www.PlugShare.com Ask a friend who has one for a test drive.
by FoolStreet
Tue Oct 01, 2019 6:57 pm
Forum: Personal Finance (Not Investing)
Topic: Relationship mortgage discounts for moving a million assets
Replies: 311
Views: 37085

Re: Relationship mortgage discounts for moving a million assets

A question for those who brought assets over for relationship mortgage discount. I'm under impression that you can bring over IRA's as well and have it count. How does it work as a married couple? Does her IRA and his IRA both count together? Or does it all have to be under one individual assets. (...
by FoolStreet
Fri Sep 27, 2019 12:50 am
Forum: Personal Consumer Issues
Topic: Tesla Model 3 with young kids.
Replies: 30
Views: 4171

Re: Tesla Model 3 with young kids.

I've taken our family of 4 (kids are 9 and 5) for a couple long trips in our Model 3, and it works fine. Great, even. There's a surprising amount of storage if you include the sub-trunk and the front trunk. Autopilot is amazing for long highway drives. There are plenty of superchargers, at least in...
by FoolStreet
Fri Sep 27, 2019 12:41 am
Forum: Personal Investments
Topic: Need help with new john Hancock Retirement 401K
Replies: 5
Views: 729

Re: Need help with new john Hancock Retirement 401K

Hello, Company switched 401K plan to John Hancock Retirement plan, that i have no clue what’ going on. Somehow all of the funds 38K are in 2050 Target Date Retire Fund (RFITX) and i don’t remember picking that. Any suggestions and recommendations would be greatly appreciated. I am 35 years old. I h...
by FoolStreet
Mon Sep 23, 2019 3:25 pm
Forum: Personal Consumer Issues
Topic: Tesla Model 3 with young kids.
Replies: 30
Views: 4171

Re: Tesla Model 3 with young kids.

Fuel efficiency is not a huge factor, I have a short commute. Much depends on whether you have another, bigger vehicle, and the extent to which you now, or in the future, may want to take longer trips. If you were relying solely on an M3 (or other similar sized, non-electric sedan), then the abilit...
by FoolStreet
Sun Sep 22, 2019 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: Are RMDs that bad if you're not an over-saver?
Replies: 194
Views: 21971

Re: Are RMDs that bad if you're not an over-saver?

Converting a Traditional IRA to a Roth IRA may involved additional tax planning. One may need the assistance of a qualified CPA. Can you elaborate on some of the issues? I've never worked with a CPA who is more qualified than (or even as qualified as) the folks on Bogleheads, so it would be good to...
by FoolStreet
Sun Sep 22, 2019 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: Are RMDs that bad if you're not an over-saver?
Replies: 194
Views: 21971

Re: Are RMDs that bad if you're not an over-saver?

Some would call someone an over-saver for whom RMDs represent a current or future real tax problem. I would wager that some who think, today, that it isn’t a problem, might whistle a different tune if things change. What "things" are you referring to? Changes in the tax code? We aren’t allowed to d...
by FoolStreet
Sun Sep 22, 2019 3:45 pm
Forum: Personal Finance (Not Investing)
Topic: Are RMDs that bad if you're not an over-saver?
Replies: 194
Views: 21971

Re: Are RMDs that bad if you're not an over-saver?

I don't have time to read all of the posts on this thread so this may have been touched on. What is an over-saver? Is it a new financial term? Some would call someone an over-saver for whom RMDs represent a current or future real tax problem. I would wager that some who think, today, that it isn’t ...
by FoolStreet
Sun Sep 22, 2019 10:12 am
Forum: Personal Consumer Issues
Topic: Tesla Model 3 with young kids.
Replies: 30
Views: 4171

Re: Tesla Model 3 with young kids.

Hello there, Shopping for a new ride, test drove Model 3, quite nice and different from anything I have driven. For any Model 3 owners with a family, is it a practical vehicle for a family of 4? two car seats. 5 year old and a 2 year old. I like the car, but it seems SUVs offer better practicality ...
by FoolStreet
Sun Sep 22, 2019 9:48 am
Forum: Personal Finance (Not Investing)
Topic: Relationship mortgage discounts for moving a million assets
Replies: 311
Views: 37085

Re: Relationship mortgage discounts for moving a million assets

Closed with BofA last week: 2.65%, 10/1 ARM $1.2 M loan amount $300k cash out $13.5k in fees (loan origination + 1 point) $500k in assets moved to Merril (0.25% rate improvement) Perhaps could have done a little bit better am excited we got it done. Went back and forth 2–3 times getting competitive...
by FoolStreet
Sat Sep 21, 2019 11:43 am
Forum: Personal Finance (Not Investing)
Topic: Relationship mortgage discounts for moving a million assets
Replies: 311
Views: 37085

Re: Relationship mortgage discounts for moving a million assets

boglewow wrote:
Wed Sep 11, 2019 2:10 pm
current @CHASE

edit: fees @.01~ 15k rolled into loan
Ouch! :-(
by FoolStreet
Sat Sep 21, 2019 11:06 am
Forum: Personal Investments
Topic: Investing in an apt complex through a real estate equity firm
Replies: 40
Views: 2556

Re: Investing in an apt complex through a real estate equity firm

One of my close friends is a partner in a real estate equity firm and has asked me if I want to invest in an upcoming apt complex they are purchasing. The complex itself is good on paper - 200+ units, great location, excellent schools, great demographics (avg income in the mid $90k range). He said ...
by FoolStreet
Sat Sep 21, 2019 10:58 am
Forum: Personal Investments
Topic: Investing in an apt complex through a real estate equity firm
Replies: 40
Views: 2556

Re: Investing in an apt complex through a real estate equity firm

My 2 cents: I invest in commercial real estate under the mentorship of some family members that do it for a living. On my 3rd property now. Some of the best investments I've ever made and they are the big part of my retirement plan. None of us give money over to someone else and sacrifice control. ...
by FoolStreet
Sat Sep 21, 2019 10:54 am
Forum: Personal Finance (Not Investing)
Topic: Making Psychological Shift to High Deductibles, Funded HSA
Replies: 30
Views: 2094

Re: Making Psychological Shift to High Deductibles, Funded HSA

Point #2 is something I've though about a lot. But I've seen so many people put off visits for potential problems because of the $2-300 bill. Things like month long coughs, rashes that won't go away, etc. It's not something I would do. I thought the whole point of these HDHP plans was to encourage ...
by FoolStreet
Sat Sep 21, 2019 3:47 am
Forum: Personal Finance (Not Investing)
Topic: Making Psychological Shift to High Deductibles, Funded HSA
Replies: 30
Views: 2094

Re: Making Psychological Shift to High Deductibles, Funded HSA

1. There's a strong disincentive to use the HSA for its intended purpose. If I can afford medical care using after tax dollars (which I can), it makes sense simply to let the HSA build up. 2. There's a relative disincentive to seek medical care at all unless absolutely necessary. I wouldn't hesitat...
by FoolStreet
Sat Sep 21, 2019 3:22 am
Forum: Personal Investments
Topic: Deciding on what to do with my passive investment
Replies: 4
Views: 787

Re: Deciding on what to do with my passive investment

Can’t answer because I don’t understand the situation. 1. 10-15 hrs for 300k net on 3M gross sounds great, so why did you change things? 2. After shutting down the losing business line, that should have increased your net from $300k to... what? 3. Similar to #1, if you are netting 300k on 3M gross, ...
by FoolStreet
Fri Sep 20, 2019 7:58 am
Forum: Personal Investments
Topic: Investing in an apt complex through a real estate equity firm
Replies: 40
Views: 2556

Re: Investing in an apt complex through a real estate equity firm

One of my close friends is a partner in a real estate equity firm and has asked me if I want to invest in an upcoming apt complex they are purchasing. The complex itself is good on paper - 200+ units, great location, excellent schools, great demographics (avg income in the mid $90k range). He said ...
by FoolStreet
Sun Sep 15, 2019 4:20 pm
Forum: Personal Consumer Issues
Topic: Used Tesla S or new Tesla 3?
Replies: 40
Views: 3373

Re: Used Tesla S or new Tesla 3?

Let's just assume I'm getting a Tesla and this thread isn't here to talk me into or out of it. I can get a base model new Tesla 3 for about 40k. Regular range, regular interior. Might consider the upgraded white interior for 1k but might not. Regular autopilot, but not the extra 6k for the fancy dr...
by FoolStreet
Sat Sep 14, 2019 11:30 pm
Forum: Personal Finance (Not Investing)
Topic: Managing joint finances when one is a perfectionist
Replies: 122
Views: 8274

Re: Managing joint finances when one is a perfectionist

Thanks for the advice, everyone. He really is very financially responsible, in terms of the big picture - he saves a lot and earns a lot - so this is just about the organizational aspects of it. In fact, one of the reasons why he's so absent-minded about things like credit card bills is he will set...
by FoolStreet
Fri Sep 13, 2019 11:09 pm
Forum: Personal Finance (Not Investing)
Topic: Prulife life insurance
Replies: 41
Views: 2245

Re: Prulife life insurance

Thank you very much, everyone, for the input. It is so nice to have other people helping you to make your decision. The policy name is PruLife Universal Protector, 100K fixed death benefit and $153 per month for the first year. I am still waiting for the advisor to answer about the maximum premium,...
by FoolStreet
Fri Sep 13, 2019 8:11 pm
Forum: Personal Finance (Not Investing)
Topic: Prulife life insurance
Replies: 41
Views: 2245

Re: Prulife life insurance

ofckrupke wrote:
Fri Sep 13, 2019 7:58 pm
FoolStreet wrote:
Fri Sep 13, 2019 7:33 pm
And the calculator si posted said 153 per mo will grow to 190k with a 5% return over 10yrs.
Oh I'd like some of that....
What would you use for planning with a 10 yr period in a life strategy fund?

Aggressive? 8%?
Moderate? 5%
Conservative? 3%?
Income? 1-2%?

Honest question?
by FoolStreet
Fri Sep 13, 2019 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: Prulife life insurance
Replies: 41
Views: 2245

Re: Prulife life insurance

What heir would recommend their parent or grandparent do this? It is ridiculous. Noone will cheer that they got 100k because grandma died early. Instead heirs would much rather the parent or grandparent invest the 153/mo in a low cost fund. Personally I would suggest a moderate life Strategy fund, ...
by FoolStreet
Fri Sep 13, 2019 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: Prulife life insurance
Replies: 41
Views: 2245

Re: Prulife life insurance

Someone in their 60's is also not going to be investing in risky assets, so the overall rate of return should be expected to be lower than a younger investor. Disagree - this money is being set aside for her grandchildren, so using her lifespan is not an appropriate time horizon. The life insurance...
by FoolStreet
Fri Sep 13, 2019 6:20 am
Forum: Personal Finance (Not Investing)
Topic: Prulife life insurance
Replies: 41
Views: 2245

Re: Prulife life insurance

Hello everyone, I am new to this forum and happy that I found it. I have read here about life insurance but did not find an answer for me. I would like to leave some gifts to my grandchildren when I die. I am 61 y.o. female, healthy, went through the exam, Prudential offered me Prulife Universal li...
by FoolStreet
Fri Sep 13, 2019 12:13 am
Forum: Personal Consumer Issues
Topic: Best Triathlon Bike?
Replies: 32
Views: 2688

Re: Best Triathlon Bike?

I have an entry-level Felt S25 that is over 10 years old. Looking for a fast, comfortable bike for 70.3 or full IMs. My coach says Cervelo is the way to go but I have no experience with that. I like Shimano components. Already have good race wheels. Do not want to break the bank here, I am a BH tri...
by FoolStreet
Thu Sep 12, 2019 11:53 pm
Forum: Personal Finance (Not Investing)
Topic: Should we keep paying for this life insurance policy?
Replies: 18
Views: 1546

Re: Should we keep paying for this life insurance policy?

This life insurance policy was purchased 30 years ago when the person (a male) was 37 years old This person is 67 years old now and in good health. The amount of the life insurance policy is only worth $100,000 and it will never change. Currently, the monthly premium is $118 and it will go up by 10...
by FoolStreet
Thu Sep 12, 2019 11:52 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Flagship Services -- Another One Bites the Dust
Replies: 51
Views: 8692

Re: Vanguard Flagship Services -- Another One Bites the Dust

We Flagship account holders at Vanguard were hit earlier this year with the demise of the Money Market service (disappeared in July). I may have "broke the news" on this forum before it happened, and unfortunately I may be breaking with more bad news now. I had a meeting (via phone of course) with ...