Search found 3986 matches

by Lafder
Tue Oct 08, 2019 9:04 am
Forum: Personal Finance (Not Investing)
Topic: Malpractice Tail Coverage - Difficult Decision?
Replies: 9
Views: 907

Re: Malpractice Tail Coverage - Difficult Decision?

I thought tail coverage was from the insurer who covered you before the tail is needed. I did not know you could shop around for options............. I would go with the company that covered me all along. What if there is a claim that crosses over the before tail and after tail period ? Hopefully no...
by Lafder
Tue Oct 08, 2019 8:48 am
Forum: Personal Finance (Not Investing)
Topic: Should I sell or hold [house]?
Replies: 31
Views: 2691

Re: Should I sell or hold [house]?

You have mentioned several times an emotional attachment to this house and that you might like to move back there some day. Why not sell the Texas house and pay off the FL house? ((Edit oops I thought both were rentals)) You can also let the market decide and list the home for rent or sale the next ...
by Lafder
Sun Sep 29, 2019 11:46 am
Forum: Personal Finance (Not Investing)
Topic: Do you know what your partner spends money on?
Replies: 80
Views: 6021

Re: Do you know what your partner spends money on?

Consider switching to a joint credit card so you can both look at it, or ask to see spouse's statements to help budget. But, does it matter what they are spending it on? We have joint cards so I can see my husband's charges since I pay the bills. He could log in and see mine but I think he never doe...
by Lafder
Sun Sep 29, 2019 10:56 am
Forum: Personal Investments
Topic: trustee to trustee transfer or rollover questions
Replies: 7
Views: 538

Re: trustee to trustee transfer or rollover questions

Some employer's retirement account managers insist on mailing a paper check to you, that you then mail to the new trustee. Since you only pass it on to/deposit in another retirement account, this is still considered a direct transfer. So if they insist that is their policy.........just get the check...
by Lafder
Wed Sep 25, 2019 11:17 am
Forum: Personal Investments
Topic: So, Wow [AA change after divorce]
Replies: 80
Views: 8669

Re: So, Wow [AA change after divorce]

Outer Marker, You are a wonderful son! Your mom did a great job raising you. As far as a 30 year mortgage, the advantage is that you can make lower payments when money is more tight, but still escalate payments and pay off in less than 15 years when funds are more available. For me it would depend o...
by Lafder
Mon Sep 23, 2019 8:54 am
Forum: Personal Investments
Topic: Glide path vs Coming In Hot
Replies: 23
Views: 2686

Re: Glide path vs Coming In Hot

Consider if a big drop will hurt more than the potential gains at your AA. I realized a big drop scared me more than the potential gains I would be missing. We are your average ages too (51 and 55). I moved us to 65/35 a few years back. My spouse has no interest in handling our finances or investmen...
by Lafder
Sun Sep 22, 2019 5:21 pm
Forum: Personal Investments
Topic: Old employer forcing out of 401k-rollover options?
Replies: 14
Views: 1012

Re: Old employer forcing out of 401k-rollover options?

Solo401k at Fidelity is super easy to manage and no extra management fees. Vanguard does not let you roll outside retirement accounts into a solo401k, Fidelity does. If the account balance is over 250k you need to file an extra form once a year for a solo401k, and not for a SEP IRA. Either a SEP IRA...
by Lafder
Sat Sep 21, 2019 8:38 pm
Forum: Personal Finance (Not Investing)
Topic: Need help opening a HELOC
Replies: 20
Views: 1362

Re: Need help opening a HELOC

It is very similar to take out a HELOC vs a loan, so yes all of this sounds typical. The difference is, you only take out money when you need it, and only pay interest on the balance. The interest rate is higher since they are not making a deal for guaranteed payback over 15-30 years, and they may n...
by Lafder
Sat Sep 21, 2019 8:23 pm
Forum: Personal Finance (Not Investing)
Topic: first house- 1 bedroom vs. 2 bedroom
Replies: 60
Views: 4821

Re: first house- 1 bedroom vs. 2 bedroom

A shorter commute will make you smile every day vs what might happen down the road as far as resale values. Your "for now" home could become your forever home. I agree the numbers are funny, if it is one million to buy vs 3k to rent. What is the rental price on an equivalent place you would consider...
by Lafder
Sat Sep 21, 2019 7:53 pm
Forum: Personal Investments
Topic: Recommendations Needed for Flat Rate Fee only Fiduciary Advisor
Replies: 8
Views: 714

Re: Recommendations Needed for Flat Rate Fee only Fiduciary Advisor

Even if you choose to pay an advisor, the more you understand about your finances, the better off you will be in understanding the advisor's recs and deciding what to do. Consider posting all of your holdings here in the asking portfolio questions format so you will get a deep dive into looking at w...
by Lafder
Sat Sep 21, 2019 10:24 am
Forum: Personal Investments
Topic: Need help grading my "Fee Only" provider
Replies: 59
Views: 4746

Re: Need help grading my "Fee Only" provider

I am familiar with mega back door Roths as my husband used to have one that I arranged all of the transactions on. He is no longer at that employer dang it.......... As far as I know, once money is properly (following tax rules) put in a Roth, any Roth money is treated the same from a tax perspectiv...
by Lafder
Thu Sep 19, 2019 8:15 am
Forum: Personal Investments
Topic: Need help grading my "Fee Only" provider
Replies: 59
Views: 4746

Re: Need help grading my "Fee Only" provider

So much better! I mostly scanned down the expense ratios of all holdings and see the difference from where you were in the Spring. What is your desired AA ? You are only bond heavy if you want a lower % bonds. Only you can decide :) What is your international allocation? How does that compare to you...
by Lafder
Thu Sep 12, 2019 12:06 am
Forum: Personal Investments
Topic: Seeking advise on portfolio 34yo (switching out of Vanguard advising services)
Replies: 5
Views: 923

Re: Seeking advise on portfolio 34yo (switching out of Vanguard advising services)

There are no tax consequences to moving around your retirement accounts. There may be capital gains taxes due if you sell and move your taxable accounts. Have you looked at your cost basis on all of your taxable holdings to look at worst case scenario taxes due if you sell current holdings to buy ne...
by Lafder
Wed Sep 11, 2019 10:31 pm
Forum: Personal Investments
Topic: Teenager wants to save...
Replies: 29
Views: 2060

Re: Teenager wants to save...

Why not just use the Roth until they reach 18 and can make their own account? Same choice of funds would be great. And might as well max Roth contributions. I just helped my 20 yo set up a Roth and she let me choose a target date fund for her. She has zero interest at this time of checking or rebala...
by Lafder
Sun Sep 08, 2019 6:52 pm
Forum: Personal Investments
Topic: How to beat 2% safely?
Replies: 49
Views: 6097

Re: How to beat 2% safely?

The only way to guarantee more than 2% returns would be 1) CDs with rates over 2. 2) A mortgage of over 2% you can pay down. That is the only other guarantee of getting over 2% returns I can think of. The housing market may crash and you could lose some equity/part of your initial investment. The ch...
by Lafder
Sun Sep 08, 2019 6:46 pm
Forum: Personal Finance (Not Investing)
Topic: Banks requiring fingerprint on a check for non-customers to receive cash
Replies: 87
Views: 5709

Re: Banks requiring fingerprint on a check for non-customers to receive cash

My bank in an upscale area requires fingerprinting for non account holders. I see the sign every time I pull up at the drive through. "Non account holders may not use the drive up. Please come into the bank so you can be fingerprinted to cash a check" Even though the tellers know me by name, I need ...
by Lafder
Sun Sep 08, 2019 6:24 pm
Forum: Personal Finance (Not Investing)
Topic: How to title a car
Replies: 42
Views: 2713

Re: How to title a car

Long story (3 hour process even with no financing and price already agreed upon). Short version: it is titled on my name OR my daughter's name. We went in planning to title it in my daughter's name only. We almost had to add my name since the dealership would not let us leave unless the owner is nam...
by Lafder
Fri Sep 06, 2019 11:08 pm
Forum: Personal Finance (Not Investing)
Topic: How to title a car
Replies: 42
Views: 2713

Re: How to title a car

Fact I learned today : my insurance agent said the car can be on our family policy no matter how we title it: mine, daughter's, both of our names. It is correct that they consider all drivers in the home will drive any of the cars some of the time. So it was not possible to get lower rates for the k...
by Lafder
Fri Sep 06, 2019 8:18 am
Forum: Personal Finance (Not Investing)
Topic: How to title a car
Replies: 42
Views: 2713

How to title a car

Car will be primarily driven by my 20 yo who is our dependent and a full time college student and living at home. The plan is to insure through our (parents') insurance policy with discount for multiple policies. I will ask our insurance agent about titling in her name vs our names, and her having a...
by Lafder
Sun Aug 25, 2019 6:29 pm
Forum: Personal Investments
Topic: Need Advice: Checking/Savings Accounts
Replies: 22
Views: 2138

Re: Need Advice: Checking/Savings Accounts

Personal joint account. Work account (self employed) Rental account 1 Rental account 2 Savings account I make sure to have the minimums to not pay any fees. It is all visible with one log in, and transfers between accounts are easy to do online. I keep separate accounts to track income and expenses ...
by Lafder
Sun Aug 25, 2019 6:24 pm
Forum: Personal Investments
Topic: Can a check for an IRA be from another individual?
Replies: 8
Views: 801

Re: Can a check for an IRA be from another individual?

Thanks all.

My daughter knows about the account. I hope she doesn't touch it (withdrawal) for 40 years!

lafder
by Lafder
Sun Aug 25, 2019 4:10 pm
Forum: Personal Investments
Topic: Can a check for an IRA be from another individual?
Replies: 8
Views: 801

Can a check for an IRA be from another individual?

My daughter does not have paper checks. Can she fund her Roth IRA with a check from me made out to Vanguard FBO daughter's name ? She does have the earned income. I know we can set up for a bank draft. But we are also mailing in a rollover from her former employer 401k, so I wanted to mail in the ad...
by Lafder
Sun Aug 25, 2019 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: Trustee questions
Replies: 25
Views: 1744

Re: Trustee questions

I would not pay off the credit card. The best thing that can happen to someone in credit card debt is that they reach the end of their credit and have to stop spending. I do not think having the credit card debt will make a significant difference in the time line for selling a house after death. The...
by Lafder
Sun Aug 25, 2019 2:58 pm
Forum: Personal Finance (Not Investing)
Topic: Marrying earlier for insurance/finances?
Replies: 39
Views: 2921

Re: Marrying earlier for insurance/finances?

We married for insurance reasons after over ten years together, and we are still together :) Insurance pushed us to get it done.

Check if your insurance has domestic partners benefits. That may make marriage for insurance unnecessary if you meet their criteria.

lafder
by Lafder
Sun Aug 25, 2019 8:04 am
Forum: Personal Investments
Topic: Lump sum multiple bonuses next few months?
Replies: 22
Views: 1610

Re: Lump sum multiple bonuses next few months?

Keep in mind paying off debt guarantees that % return. Then you can take the payment amount you have been making and trickle that into the market. So it is a bit of both, guaranteed interest rate returns plus potential future growth.

lafder
by Lafder
Sat Aug 17, 2019 8:57 am
Forum: Personal Investments
Topic: Quick question about submitting portfolio numbers for review
Replies: 11
Views: 598

Re: Quick question about submitting portfolio numbers for review

Anything less than 5% is unlikely to make enough difference to be worth the record keeping. So anything less than 5% of holdings is a clear target to move :) It won't matter the tiny %, the total % of tiny holdings is what will matter when you move all. :)

lafder
by Lafder
Sat Aug 17, 2019 8:12 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage refinance? Recast?
Replies: 69
Views: 3001

Re: Mortgage refinance? Recast?

100% of my mortgagees have said no to a recast when I was considering paying an extra chunk in principle. My experience from telling friends who also tried, is that a recast is a cool idea but often not available. Even without a recast, paying a chunk down means much more of your future monthly paym...
by Lafder
Sat Aug 17, 2019 8:04 am
Forum: Personal Finance (Not Investing)
Topic: Proof of finance in vanguard
Replies: 16
Views: 1921

Re: Proof of finance in vanguard

Kzu, You absolutely do not need to transfer money to a bank to prove how much cash you have. That is being too literal about "proof of cash" Vanguard holdings count towards your networth and assets. I was able to ask Vanguard to provide a letter and they said something like: "Lafder has a balance in...
by Lafder
Fri Aug 16, 2019 10:23 pm
Forum: Personal Finance (Not Investing)
Topic: Possible to refinance before moving in?
Replies: 19
Views: 1467

Re: Possible to refinance before moving in?

What is the difference in rates that make a refi worth it? I was told there should be a 1% drop to be worth it. And so close to the purchase, I am surprised if there is that much of a difference. Are you paying PMI? That could be removed if a new appraisal after improvements raise the cost. I just d...
by Lafder
Thu Aug 15, 2019 7:54 am
Forum: Personal Investments
Topic: Paralysis
Replies: 16
Views: 3297

Re: Paralysis

A solo401k requires self employment income. If you have self employment income and meet other requirements for a solo401k (self and spouse as only employees) you can put away up to 62,000$/year, but there is also a percentage of income limit. Consider listing all of your holdings in this format for ...
by Lafder
Sun Aug 04, 2019 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: HVAC System Replacement
Replies: 28
Views: 2532

Re: HVAC System Replacement

I have magical thinking that if I replace something that is not broken, something else big will break and have to be fixed! No need to replace working AC. They may last years and years more. A new one will be under warranty at first. But my perhaps biased view is that they don't make them like they ...
by Lafder
Sun Aug 04, 2019 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: Pay Off Rental & Use Cash Flow to pay Primary Mortgage or Recast Primary?
Replies: 4
Views: 319

Re: Pay Off Rental & Use Cash Flow to pay Primary Mortgage or Recast Primary?

Interest on a rental is still deductible as a rental expense.

I would pay down my primary. It is better to have debt on a rental than a primary residence.

Eventually both will be paid off.

lafder
by Lafder
Mon Jul 29, 2019 9:36 pm
Forum: Personal Investments
Topic: 5500 EZ plan year contributions question
Replies: 5
Views: 342

Re: 5500 EZ plan year contributions question

Spirit Rider, Now that I am home looking at the form , part III lines 6 a,b,c are Total plan assets and liabilities at the beginning and end of the year. Part III line 7 is "contributions received or receivable from" then lists one column for: 7a employers, 7b participants, 7c others (including roll...
by Lafder
Mon Jul 29, 2019 7:31 pm
Forum: Personal Investments
Topic: 5500 EZ plan year contributions question
Replies: 5
Views: 342

Re: 5500 EZ plan year contributions question

Thank you!

Your explanations help.

I didn't ask my CPA about this form since it's supposed to be EZ and I have all the info I need to fill it out.

I would ask her if the answers here did not make sense.

🌻
by Lafder
Mon Jul 29, 2019 10:46 am
Forum: Personal Investments
Topic: 5500 EZ plan year contributions question
Replies: 5
Views: 342

5500 EZ plan year contributions question

My IQ drops dramatically when reading IRS forms. For the 2018 5500 EZ it asks on Part III for "contributions received from employer, employees, other" Does it mean contributions going toward the 2018 solo401k, or contributions received during the 2018 calendar year ? I made some 2018 contributions i...
by Lafder
Fri Jul 26, 2019 10:32 pm
Forum: Personal Investments
Topic: What to do with large pre-tax cash balance? Paralyzed...
Replies: 12
Views: 1651

Re: What to do with large pre-tax cash balance? Paralyzed...

Decide what your goal/desired asset allocation is. Go back and add the ER's (expense ratios) of all of your holdings and it will become more clear which holdings are not worth the cost and help you simplify. I would not go from 50% cash to a high % stocks. If indeed you want a high % stocks I might ...
by Lafder
Sat Jun 29, 2019 10:23 am
Forum: Personal Investments
Topic: Looking For A Review On How To Invest $2.5M
Replies: 7
Views: 2013

Re: Looking For A Review On How To Invest $2.5M

Max your retirement accounts each year, as you are already planning :). Simplify retirement accounts to one employer account as already discussed. The fewer accounts you have, the easier to calculate your AA and rebalance :). I would only not do this if current employer has horrible over 1% Expense ...
by Lafder
Tue Jun 25, 2019 9:12 am
Forum: Personal Investments
Topic: Moving from multiple accounts to Merrill Edge or Premium?
Replies: 23
Views: 1853

Re: Moving from multiple accounts to Merrill Edge or Premium?

Great job gathering all of that information. Go back and edit % so it is % of total, rather than % of account. You will see how TINY some holdings are and that will make it easier to get rid of them. There is no reason to have such complicated holdings. Anything less than 5% of total is unlikely to ...
by Lafder
Mon Jun 24, 2019 9:04 am
Forum: Personal Investments
Topic: Moving from multiple accounts to Merrill Edge or Premium?
Replies: 23
Views: 1853

Re: Moving from multiple accounts to Merrill Edge or Premium?

Welcome here! Go back and edit your post to include all of your holdings in this format, % of total, not per account. https://www.bogleheads.org/forum/viewtopic.php?f=1&t=6212 It will give you a detailed look at what you have, what the expenses are, and your asset allocation so you can be sure it is...
by Lafder
Mon Jun 17, 2019 9:03 am
Forum: Personal Investments
Topic: Advice for young married couples: PLEASE HELP!
Replies: 49
Views: 4310

Re: Advice for young married couples: PLEASE HELP!

When my husband and I combined finances we made a "200 $ rule" which was any expense over 200 from "our" money we should discuss with the other before making. I suggest couples try it, with whatever $ amount applies in their situation. We joke that it still exists..........and in principal it does. ...
by Lafder
Sun Jun 16, 2019 10:47 am
Forum: Personal Investments
Topic: Is Vanguard down?
Replies: 7
Views: 1013

Re: Is Vanguard down?

I can go to the main webpage but can not log in. So it is not just you.
lafdr
by Lafder
Sat Jun 08, 2019 11:50 am
Forum: Personal Investments
Topic: New ADP 401k just dropped. Which funds? Portfolio shuffle?
Replies: 16
Views: 1903

Re: New ADP 401k just dropped. Which funds? Portfolio shuffle?

((I am editing so # are percent of portfolio, not per account)) Emergency Fund: $47k in Schwab High Yield Savings ((Ok. Do not count this in your AA)) Debt: None ((Terrific)) Desired AA: 60/40. Currently 57/43 ((Why are you directing new purchases to bonds when your AA is over your desired in bonds?...
by Lafder
Thu Jun 06, 2019 11:24 pm
Forum: Personal Investments
Topic: New ADP 401k just dropped. Which funds? Portfolio shuffle?
Replies: 16
Views: 1903

Re: New ADP 401k just dropped. Which funds? Portfolio shuffle?

It will be easier to calculate your AA and see the effects of the new 401k if you change all % to percent of total rather than % of account. It is an easy change since you already list % of total right there. Just change the listed % for each holding to show % of total, not adding to 100% for each a...
by Lafder
Sun Apr 28, 2019 8:53 pm
Forum: Personal Investments
Topic: Opening an Account: Vanguard vs. Fidelity
Replies: 41
Views: 3542

Re: Opening an Account: Vanguard vs. Fidelity

I find ETFs more complicated since you have to specify price or price range on shares to buy or sell, vs mutual funds you can specify just a dollar amount. I also thought you can only put in orders to buy or sell ETF's when markets are open? If I am wrong....someone will correct me soon. I have neve...
by Lafder
Sun Apr 28, 2019 8:43 pm
Forum: Personal Investments
Topic: Obliterated my portfolio 2 years ago based on advice here.. thoughts on next steps?
Replies: 6
Views: 3459

Re: Obliterated my portfolio 2 years ago based on advice here.. thoughts on next steps?

If you want more bonds in a target date retirement account, you can simply choose a sooner target date and it will have more bonds :)

Ok to hold the target date and a bond fund, just not necessary :)

lafder
by Lafder
Sun Apr 28, 2019 10:13 am
Forum: Personal Investments
Topic: Obliterated my portfolio 2 years ago based on advice here.. thoughts on next steps?
Replies: 6
Views: 3459

Re: Obliterated my portfolio 2 years ago based on advice here.. thoughts on progress?

Terrific job going from a non investor to an investor! I have some minor suggestions: you are combining individual funds with all in one funds and that is redundant. The Wellington fund is an all in one fund made up of approximately 66% of large cap stocks, and 33% bonds. It is intended to be the ty...
by Lafder
Sat Apr 27, 2019 9:49 am
Forum: Personal Investments
Topic: Solo 401 k
Replies: 17
Views: 1201

Re: Solo 401 k

Open a solo401k at Fidelity or another place that allows you to transfer in other retirement accounts. Transfer your rollover IRA entirely to your new solo401k. It will all be a pretax 401k, unless you have some post tax $ mixed in. Do you? Note you will have to file a form in June ((ERROR I should ...
by Lafder
Thu Apr 25, 2019 9:41 pm
Forum: Personal Consumer Issues
Topic: How much House should I Buy?
Replies: 51
Views: 4940

Re: How much House should I Buy?

Ok, so you can afford a 400k house, how are the houses in the different price ranges? Instead of the most expensive home you can afford, find the least expensive home you can be happy with! You may fall in love with a lesser priced home or a more expensive home. Seeing homes in the entire price rang...
by Lafder
Sun Apr 21, 2019 11:08 am
Forum: Personal Finance (Not Investing)
Topic: Physician “TO-DO” list for LLC
Replies: 30
Views: 2903

Re: Physician “TO-DO” list for LLC

Fidelity required an EIN to open a solo401k. It is easy to apply for one online. It does tie back to her ss#. Yes I previously just used my ss# as my tax ID number for my sole proprietor business. As far as Vanguard vs Fidelity, I believe the rules are the same of only allowing a spouse employee for...
by Lafder
Sat Apr 20, 2019 11:26 pm
Forum: Personal Finance (Not Investing)
Topic: In Laws Retirement Nest Egg
Replies: 156
Views: 15472

Re: In Laws Retirement Nest Egg

<r>Come to think of it, I have told my own kids on more than one occasion over the years "You better be successful and make a lot of money so you can support me when you grow up in the style I am accustomed to." ((Or something like that))<br/> <br/> Maybe the in laws really are saying it as a joke, ...