Search found 426 matches

by gclancer
Wed Nov 22, 2017 11:35 am
Forum: Investing - Help with Personal Investments
Topic: Concerned parent :(
Replies: 56
Views: 6815

Re: Concerned parent :(

I see this a lot with people saying what they are going to college to study. A very successful person I met told me about his college decision and the conversation he had with his father. His father asked him "Is it a hobby or a profession"? He asked him "whats the difference". His father said "You...
by gclancer
Tue Nov 21, 2017 8:45 pm
Forum: Personal Finance (Not Investing)
Topic: 501(c)(3) Public-Charity or a Private Foundation?
Replies: 23
Views: 824

Re: 501(c)(3) Public-Charity or a Private Foundation?

I would meet with a CPA or an attorney regarding your plans (at the outset I would probably start with a CPA specializing in nonprofits myself). You'll run in to funding issues if you try to establish a Public-Charity and fund it with your DAF (see here: http://grantspace.org/tools/knowledge-base/No...
by gclancer
Tue Nov 21, 2017 8:36 pm
Forum: Personal Finance (Not Investing)
Topic: 0% APR for 15month for Balance transfer
Replies: 3
Views: 302

Re: 0% APR for 15month for Balance transfer

Chase Slate, Barclaycard Ring and BankAmericard all offer 15 months 0% APR with no balance transfer fee, so if you're going to apply for a credit card for the purpose of transferring a balance I would go with one of those.
by gclancer
Sat Nov 18, 2017 10:55 am
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth - should we do it?
Replies: 9
Views: 956

Re: Backdoor Roth - should we do it?

People do appear to get around this by putting all the non-deductible money into a separate account, but I wouldn't trust that method to always work in the future. Safest thing is to move all your tIRA money to a 401k first. JW +1 - for someone with enough financial savvy to be on the Bogleheads fo...
by gclancer
Sun Nov 12, 2017 5:10 pm
Forum: Personal Finance (Not Investing)
Topic: $30K loan for 12 months
Replies: 23
Views: 1470

Re: $30K loan for 12 months

The credit card idea is a good one assuming you can get a sufficient credit line, which you won’t (not on the cards offering 0% for a long period of time). To get a sufficient credit line, you’ll need to pick an issuer where you already have credit card(s), apply for a 0% card, transfer the majority...
by gclancer
Sat Nov 11, 2017 3:32 pm
Forum: Investing - Theory, News & General
Topic: My favorite bond portfolio
Replies: 19
Views: 2610

Re: My favorite bond portfolio

That’s my approach. You can easily outperform by mixing in CDs (mostly) and/or I Bonds (at times). If you use 5% rebalancing bands, you don’t have to hold as much back as you’d think in mutual funds for rebalancing purposes (CDs and I Bonds aren’t good for rebalancing).
by gclancer
Fri Nov 03, 2017 8:43 pm
Forum: Personal Finance (Not Investing)
Topic: SEP IRA vs Self 401k
Replies: 13
Views: 1535

Re: SEP IRA vs Self 401k

The CPA is right, you should do a Solo 401(k). Also worth noting - once your Solo 401(k) exceeds $250,000 it’ll require an annual tax filing which I’m sure the CPA is interested in preparing for you. The SEP is indeed more “simple” but the implicit suggestion is that a Solo 401(k) is “complicated” w...
by gclancer
Fri Nov 03, 2017 7:24 pm
Forum: Investing - Help with Personal Investments
Topic: In 40s and no retirement [US ex-pat in Brazil]
Replies: 28
Views: 3081

Re: In 40s and no retirement [US ex-pat in Brazil]

Giving you a bump, hopefully you’ll get lots of good advice. Since you don’t have a lot of savings to speak of I would recommend you use a Traditional IRA instead of a Roth IRA at least until your annual tax liability is $0 (research the Savers Credit, Eanred Income Credit, etc. to make sure you’re ...
by gclancer
Sat Oct 28, 2017 10:37 am
Forum: Investing - Help with Personal Investments
Topic: Early-retired 35 year old with $1 million
Replies: 198
Views: 18627

Re: Early-retired 35 year old with $1 million

Answer to your question: staying below the ACA premium cliff will give you the most bang for your buck. I would convert to Roth up to the cliff with the idea that you’ll replenish your cash reserves 5 years from now with whatever is converted. With some careful planning (just the right amount of Rot...
by gclancer
Sat Oct 28, 2017 7:53 am
Forum: Investing - Help with Personal Investments
Topic: HSA Bank vs Associated HSA Plus for HSA Investing
Replies: 4
Views: 357

Re: HSA Bank vs Associated HSA Plus for HSA Investing

Just use the SPDR Portfolio ETFs they’re not THAT much worse.
by gclancer
Sat Oct 28, 2017 6:53 am
Forum: Personal Finance (Not Investing)
Topic: Pay off the car or not?
Replies: 25
Views: 2003

Re: Pay off the car or not?

knpstr wrote:
Fri Oct 27, 2017 7:00 am
If you want to keep your emergency fund at $5,000 then do so now.

Take the excess $19,000 and put towards the car loan. Then pay off the remaining $5,000 by paying extra on it each month.

:beer
+1
by gclancer
Fri Oct 27, 2017 7:51 pm
Forum: Investing - Help with Personal Investments
Topic: 1031 Exchange Info
Replies: 11
Views: 759

Re: 1031 Exchange Info

What would be the benefit of 1031 exchange in the case of OP numbers? 250000-180000+65000 = 135000? So instead of paying taxes on that amount, it can be invested in another property and thus postpone the taxes? Remember though that $65,000 is taxed as ordinary income (depreciation recapture) and on...
by gclancer
Wed Oct 25, 2017 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: Windfall Question - Farmland Rental versus Sale
Replies: 31
Views: 1761

Re: Windfall Question - Farmland Rental versus Sale

I think you’ve gotten some good advice here. If I were in your shoes I’d let my wife decide whether to sell the land or not. As an attorney I’m sure you can appreciate that inheritances follow blood lines and this is really your wife’s inheritance, not yours. Since you’re well positioned to hold the...
by gclancer
Sun Oct 22, 2017 11:07 am
Forum: Investing - Theory, News & General
Topic: Any compelling reason to not contribute to Indiana 529?
Replies: 23
Views: 1225

Re: Any compelling reason to not contribute to Indiana 529?

I think that the math is a little more complicated due to compounding but NOT enough to overwhelm the tax credit. If one assumes that the $5000 investment is going to grow at 5% CAGR in the Indiana plan and at 5.3% under a non Indiana plan (due to better expense ratio), after 10 years, the differen...
by gclancer
Sat Oct 21, 2017 8:28 pm
Forum: Investing - Theory, News & General
Topic: Any compelling reason to not contribute to Indiana 529?
Replies: 23
Views: 1225

Re: Any compelling reason to not contribute to Indiana 529?

The short answer is that you should put the first $5,000 of 529 contributions you want to make each year into the Indiana plan. If you want to make contributions beyond $5,000, then you can make those contributions to another 529 plan. The 0.3% in extra expense ratio you’re paying on the investments...
by gclancer
Tue Oct 17, 2017 8:42 pm
Forum: Investing - Help with Personal Investments
Topic: Use G Fund Distribution for I Bonds
Replies: 2
Views: 319

Re: Use G Fund Distribution for I Bonds

You didn’t provide enough information to prove that that is not a good idea, however, it’s not a good idea. I’m sure I could come up with a scenario where it makes sense, but I doubt it’s your situation.
by gclancer
Sat Sep 23, 2017 7:28 am
Forum: Investing - Help with Personal Investments
Topic: Can i max out a Roth at the start of the year?
Replies: 6
Views: 891

Re: Can i max out a Roth at the start of the year?

Yes, as long as you're otherwise eligible to contribute $5,500 at the end of the year (there are also income limits) you can contribute $5,500 on 1/1 (that is, you don't have to wait until you actually earn $5,500, you just need to earn $5,500 before 12/31 - note this rule doesn't apply to individua...
by gclancer
Sat Sep 23, 2017 7:23 am
Forum: Investing - Help with Personal Investments
Topic: sell or keep stock for dividends
Replies: 7
Views: 559

Re: sell or keep stock for dividends

Not enough info. Let's start with how much in long term capital gains tax are you going to end up paying if you sell the stock? What percentage of your portfolio does this stock represent? Do you ever give money to charity (asking because you could use that cash to buy TSM and give shares of this st...
by gclancer
Sun Sep 17, 2017 8:05 pm
Forum: Investing - Help with Personal Investments
Topic: My in-laws' nest egg of $50k
Replies: 34
Views: 4426

Re: My in-laws' nest egg of $50k

Absolutely that money is an emergency fund and should just be in a savings account. Agreed. Can they be convinced to use an online bank (such as Ally, for example) in order to maximize yield? If they're with Chase they're getting $5 of interest income a year, with Ally (or other online bank) they'd...
by gclancer
Thu Sep 14, 2017 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: Good flat-fee financial advisors in Boston suburbs?
Replies: 13
Views: 1472

Re: Good flat-fee financial advisors in Boston suburbs?

tfb will provide you vetted leads for what you're looking for in the Boston metro area https://adviceonlyfinancial.com
by gclancer
Sun Aug 27, 2017 5:46 am
Forum: Personal Finance (Not Investing)
Topic: How much $$$ should I expect working in CPA's office for the tax season
Replies: 8
Views: 1343

Re: How much $$$ should I expect working in CPA's office for the tax season

There seems to be some consensus building. I did exactly what you're talking about several years ago in a lower cost of living area for $20/hour. Due to my background I probably earned the higher end of the scale, but my guess would be $20-$25 an hour.
by gclancer
Sat Aug 26, 2017 8:15 pm
Forum: Investing - Theory, News & General
Topic: Switching 100% to Mid-Cap Value? It consistently beats Total Stock Market with lower risk
Replies: 10
Views: 1949

Re: Switching 100% to Mid-Cap Value? It consistently beats the S&P 500 with lower risk

Intuitively the "story" makes sense. One of the bigger drawbacks is that the index only has 200 stocks in it, which in modern times doesn't seem like many, but by any reasonable standard really is sufficiently diversified (for purposes of avoiding idiosyncratic risk at least).
by gclancer
Mon Aug 14, 2017 8:32 pm
Forum: Personal Finance (Not Investing)
Topic: Plan for making child pay for part of college
Replies: 111
Views: 6387

Re: Plan for making child pay for part of college

This is our plan. Fund 100% of tuition and books at a local community college for 2 years. Fund 100% of tuition and books at a university for years 3-4. If our daughter wants to start in a 4-year university, we would only pay the cost of a CC for the first 2 years. If she wants to live in a dorm or...
by gclancer
Thu Aug 10, 2017 1:37 pm
Forum: Investing - Theory, News & General
Topic: Alternatives to the Vanguard Total International Fund?
Replies: 33
Views: 3808

Re: Alternatives to the Vanguard Total International Fund?

At TDA for commission free etf VEA 75%/VWO 25% VEU 90%/VSS 10% Gives approximation to Vanguard Total International VXUS Regards, John I'm not trying to hijack the thread, but based on this post I just learned VEA switched indexes at the end of 2015 (to include Canada and Small Caps). Based on the p...
by gclancer
Sat Aug 05, 2017 2:00 pm
Forum: Investing - Help with Personal Investments
Topic: More than one rollover to the same IRA Account?
Replies: 9
Views: 740

Re: More than one rollover to the same IRA Account?

Rollover IRA = funds were originally contributed to a 401(k)

Contributory IRA = funds were originally contributed to an IRA

You can ignore "NUA" [refers to holding employer stock inside of your employer's 401(k)].

https://www.irahelp.com/forum-post/1077 ... llover-ira
by gclancer
Tue Jul 25, 2017 5:45 am
Forum: Personal Consumer Issues
Topic: Apple or AT&T
Replies: 16
Views: 1751

Re: Apple or AT&T

I would always suggest purchasing your phone outright as it allows you to have more flexibility. Thus, I would buy from Apple. You could likely get cash back from PerksAtWork, TopCashBack, or other rebate sites. +1 The general rule of thumb should be to buy an unlocked phone from Apple (they have a...
by gclancer
Wed Jun 21, 2017 12:11 pm
Forum: Investing - Theory, News & General
Topic: Thoughts about tilting away from the sector you work in?
Replies: 32
Views: 2874

Re: Thoughts about tilting away from the sector you work in?

I also work in tech. I don't purposefully tilt away from tech, however I do have a pretty strong value tilt to my equity allocation. Since tech has more growth companies and less value companies, I've ended up with a slight de facto tilt away from the tech sector. +1 these were my thoughts - if you...
by gclancer
Mon Jun 12, 2017 9:29 pm
Forum: Personal Finance (Not Investing)
Topic: Use HELOC for tax benefit?
Replies: 10
Views: 1435

Re: Use HELOC for tax benefit?

Boston Barry wrote:Yes it would be a short term < 1 year loan at about 5% - given the savings I was thinking it would be a smart idea but I respect the Boglehead community opinion.
+1 I would borrow the money for the SEP contribution if I were in your shoes.
by gclancer
Mon Jun 12, 2017 9:25 pm
Forum: Personal Finance (Not Investing)
Topic: Property Tax Assessment Error (Too Low)
Replies: 6
Views: 400

Re: Property Tax Assessment Error (Too Low)

dwickenh wrote:The tax bill is for last year, and is likely owed by the person that owned the lot before you.
Depends on the purchase agreement. Seller often gives buyer a credit for the pro rated portion of property tax payable the following year.
by gclancer
Fri Jun 09, 2017 4:14 am
Forum: Personal Finance (Not Investing)
Topic: from solo proprietorship to ... what?
Replies: 11
Views: 978

Re: from solo proprietorship to ... what?

yes, I am not looking forward to payroll of S corp, but simply wonder if there is a choice if my wife is the employer. Per my knowledge, the main advantage of S corp is being able to separate part of he income into capital gains, which is taxed at the lower late. But not sure if that can be done wi...
by gclancer
Thu Jun 08, 2017 6:18 pm
Forum: Personal Finance (Not Investing)
Topic: from solo proprietorship to ... what?
Replies: 11
Views: 978

Re: from solo proprietorship to ... what?

One of the biggest downsides to electing to be taxed as an S-Corp is that you have to run payroll. Since she'll have to do that anyway for her employee I would say just go ahead and elect S status (but reasonable minds could differ). Is it possible for her to bring on the employee as an independent ...
by gclancer
Wed Jun 07, 2017 6:30 am
Forum: Investing - Help with Personal Investments
Topic: Ibonds in Roth
Replies: 7
Views: 785

Re: Ibonds in Roth

If you want a similar effect as I Bonds in a Roth IRA, open and contribute to a MyRA. Keeping in mind that the maximum you can accumulate is $15,000. The MyRA is technically a Roth IRA (shares the IRA contribution limit) that automatically invests in a pseudo savings bond with the same interest rat...
by gclancer
Tue Jun 06, 2017 10:15 am
Forum: Personal Finance (Not Investing)
Topic: Small tax refund or owing taxes?
Replies: 35
Views: 2680

Re: Small tax refund or owing taxes?

I adjust my W-4 each year to make sure I hit the safe harbor withholding number for state and federal right on the nose. I might end up getting a large refund (rare) or owning a large amount (common) but I at least don't have to spend time thinking/worrying about it. I probably sit on a bit more cas...
by gclancer
Mon May 29, 2017 3:39 pm
Forum: Investing - Help with Personal Investments
Topic: How to buy brk.a? [Berkshire Hathaway Inc. Class A]
Replies: 24
Views: 3901

Re: How to buy brk.a?

123 wrote:To be in style and be fashionable it's best to buy BRK.A in even lots of 100 shares.
+1
by gclancer
Mon May 29, 2017 3:01 pm
Forum: Investing - Help with Personal Investments
Topic: How to buy brk.a? [Berkshire Hathaway Inc. Class A]
Replies: 24
Views: 3901

Re: How to buy brk.a?

No brk.b does not convert to brk.a (but a converts b).
by gclancer
Thu May 25, 2017 7:28 pm
Forum: Investing - Help with Personal Investments
Topic: 30 yr old - help prioritizing next decade of investing
Replies: 6
Views: 935

Re: 30 yr old - help prioritizing next decade of investing

If you're uncomfortable with your cash position, hold some cash in your Roth IRA as an extension of your emergency fund. I definitely wouldn't pass on making a $5,500 annual contribution to a Roth if I had $5,500 sitting in a checking account. I agree with that idea as I could always pull out contr...
by gclancer
Thu May 25, 2017 7:05 pm
Forum: Investing - Help with Personal Investments
Topic: 30 yr old - help prioritizing next decade of investing
Replies: 6
Views: 935

Re: 30 yr old - help prioritizing next decade of investing

If you're uncomfortable with your cash position, hold some cash in your Roth IRA as an extension of your emergency fund. I definitely wouldn't pass on making a $5,500 annual contribution to a Roth if I had $5,500 sitting in a checking account.
by gclancer
Fri May 19, 2017 7:07 pm
Forum: Personal Consumer Issues
Topic: Lawyers charging for asking about fees
Replies: 62
Views: 8637

Re: Lawyers charging for asking about fees

Is there an engagement letter? If so, what does it say (remember, it was drafted by the attorney so I'm sure it's very broad in defining what gets billed). An attorney billing you for their time spent arguing with you over the bill is sending a message about their interest in continuing to represent...
by gclancer
Thu May 18, 2017 6:54 am
Forum: Investing - Help with Personal Investments
Topic: Bogleheading with TD Ameritrade
Replies: 11
Views: 876

Re: Bogleheading with TD Ameritrade

Looking at their list of mutual funds, the lowest expense ratio for No-Transaction-Fee funds is .16% Net, .20% Gross: https://www.screencast.com/t/8rEdRisV Use the free ETFs (it's really not that much work). That mutual fund is indeed the best option, but note that it has a minimum initial investme...
by gclancer
Thu May 18, 2017 6:53 am
Forum: Personal Finance (Not Investing)
Topic: Not sure where we stand for our age and situation
Replies: 3
Views: 929

Re: Not sure where we stand for our age and situation

Many people here would suggest you go ahead and use your Roth's as your emergency savings vehicle as well. I don't, but lots do. Again, that's a personal preference. I would do exactly this in order to jump start the process. Look into the myRA (which invests in the G Fund which you can also resear...
by gclancer
Thu May 18, 2017 6:37 am
Forum: Investing - Theory, News & General
Topic: International: Where's the benefit?
Replies: 63
Views: 5865

Re: International: Where's the benefit?

The Japanese investor puts 100% of his money in 1989 in the world's best performing stock market, in its most innovative country, in its most dynamic society that will take over the world and then proceeds to lose his shirt over the next 25 years. US is one of the world's best performing stock mark...
by gclancer
Tue May 16, 2017 10:10 am
Forum: Investing - Help with Personal Investments
Topic: VNQ vs Crowdedfunded Real Estate
Replies: 18
Views: 2039

Re: VNQ vs Crowdedfunded Real Estate

Ironically well timed post by the Finance Buff on this very topic https://thefinancebuff.com/index-funds- ... tream.html
by gclancer
Mon May 15, 2017 9:21 pm
Forum: Personal Finance (Not Investing)
Topic: Selling Rental Property to Tenant
Replies: 10
Views: 951

Re: Selling Rental Property to Tenant

Don't use a real estate agent or an attorney work directly with the title company instead (the buyer will need to work with a title company to obtain a mortgage anyway). Lender will coordinate everything pre-closing and title company will coordinate the closing. You will need to provide the title co...
by gclancer
Mon May 15, 2017 6:21 am
Forum: Personal Finance (Not Investing)
Topic: 7 year retirement plan
Replies: 15
Views: 1814

Re: 7 year retirement plan

You should put the annual maximum of $6,500 into a Roth for both you and your wife before investing in taxable. Also, if you want to be able to save more pre-tax (which you should since it appears you'll be in the 15% tax bracket in retirement) you can switch your wife's 401(k) contributions to 100%...
by gclancer
Fri May 05, 2017 5:07 pm
Forum: Personal Finance (Not Investing)
Topic: Are we doing better now?
Replies: 20
Views: 3137

Re: Are we doing better now?

You're doing great. Use cash reserves to pay off car #2.
by gclancer
Fri May 05, 2017 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: Do I need a deed?
Replies: 13
Views: 1016

Re: Do I need a deed?

You can purchase a copy of the recorded Warranty Deed and recorded Release or Mortgage from the Recorder's office. Give them a call and ask how to go about doing that.
by gclancer
Thu May 04, 2017 6:49 pm
Forum: Personal Finance (Not Investing)
Topic: New job, FSA ?
Replies: 10
Views: 892

Re: New job, FSA ?

FSA is "use it or lose it", so carefully plan your expenses before funding. Most plans permit a $500 rollover to the next year if you reenroll. If you think you're eligible for a HSA, this may be a Limited Expense FSA ("LEXFSA") for dental and vision only. In any event, if you care way too much abo...