Search found 3854 matches

by Lafder
Tue Jan 15, 2019 12:15 am
Forum: Personal Finance (Not Investing)
Topic: ? mortgage interest deduction on rental
Replies: 2
Views: 313

Re: ? mortgage interest deduction on rental

Thank you for confirming.

Are closing costs on a rental property refi a deductible expense?

lafder
by Lafder
Mon Jan 14, 2019 10:13 am
Forum: Personal Finance (Not Investing)
Topic: ? mortgage interest deduction on rental
Replies: 2
Views: 313

? mortgage interest deduction on rental

Am I understanding correctly that on a rental residential property, the interest expenses on the mortgage are deductible from the income on the property ? And are not subject to the 10,000$ interest deduction per year? What about if it is an existing HELOC ? What if it is a new HELOC I take out this...
by Lafder
Sun Jan 06, 2019 11:49 pm
Forum: Investing - Help with Personal Investments
Topic: Ready to open a taxable account - where and AA strategy
Replies: 2
Views: 368

Re: Ready to open a taxable account - where and AA strategy

It seems like this is a good time to look at all of your holdings and simplify. Why not post all of your holdings so we see what this taxable investing is being added to ? What is your current overall AA? It should stay the same even as your taxable investing grows unless there is reason to change i...
by Lafder
Sun Jan 06, 2019 2:31 pm
Forum: Personal Consumer Issues
Topic: Small black object found in white of hard-boiled egg
Replies: 15
Views: 1395

Re: Small black object found in white of hard-boiled egg

Did you by any chance have sesame seed bagels or other bread with sesame seeds or sushi? Contamination from your hands or counter is the only explanation if it is a sesame seed that was "within" the eggshell as you peeled it. Bloodspots would be unlikely to be mistaken for a sesame seed on close ins...
by Lafder
Sat Jan 05, 2019 6:00 pm
Forum: Personal Consumer Issues
Topic: ?Certified translation for "contract" for gift from foreign in-laws
Replies: 13
Views: 1226

Re: ?Certified translation for "contract" for gift from foreign in-laws

I think you are over thinking this.

The money is a gift from a legitimate source.

You have some documentation already.

Sounds like you are dotting your i's and crossing your t's appropriately.

Lafder
by Lafder
Fri Jan 04, 2019 8:17 pm
Forum: Investing - Help with Personal Investments
Topic: BAM Advisor: Advice on alt funds and allocations
Replies: 54
Views: 2596

Re: BAM Advisor: Advice on alt funds and allocations

I have two questions for you: What are the expense ratios you are paying on the mentioned funds? How much do you pay your advisor? Those two questions are significant as those amounts are coming from your money year after year regardless of the performance of the market. Of course there is a trend t...
by Lafder
Wed Jan 02, 2019 11:56 pm
Forum: Personal Finance (Not Investing)
Topic: Autistic sister being targeted by Nigerian scammers
Replies: 84
Views: 6594

Re: Autistic sister being targeted by Nigerian scammers

From what you are describing, it is unlikely a judge would award financial guardianship/conservatorship. Your sister is well enough to work and she is choosing to send her money to a person she has never met. Bad choices like this will not get a person's $ rights removed unless it is much more despe...
by Lafder
Sat Dec 29, 2018 12:47 pm
Forum: Investing - Help with Personal Investments
Topic: Help Me Help An Old Lady
Replies: 16
Views: 1711

Re: Help Me Help An Old Lady

All in one funds are a nice and simple way to go. It takes away the need to pay an advisor fee which is unnecessary in her case. Yes I would suggest she move out of active management and go to a lower cost all in one fund with her IRA. Sorry folks here are being so critical.I am assuming your mom ca...
by Lafder
Sun Dec 23, 2018 4:32 pm
Forum: Investing - Help with Personal Investments
Topic: Finally asking for help..
Replies: 18
Views: 2701

Re: Finally asking for help..

Almost, but not quite. I changed your holdings so % are of total, not per account :) It shows you how TEENY some holdings are and makes it easier to get rid of some of the miniscule holdings to simplify. It also makes it easier to rebalance since % relate to each other instead of being % of very dif...
by Lafder
Fri Dec 21, 2018 12:55 am
Forum: Investing - Help with Personal Investments
Topic: Finally asking for help..
Replies: 18
Views: 2701

Re: Finally asking for help..

Change all of your % to % of total portfolio, instead of per account and it will be much easier to calculate your asset allocation and rebalance your holdings.

Welcome here!

lafder
by Lafder
Tue Dec 18, 2018 10:06 am
Forum: Investing - Help with Personal Investments
Topic: Made Big mistake timing the market - help
Replies: 29
Views: 6625

Re: Made Big mistake timing the market - help

Welcome here! Take the time to post everything you have like this so we can talk more deeply about your overall holdings. https://www.bogleheads.org/forum/viewtopic.php?f=1&t=6212 If your purchase was a small amount of "play" money the answer could be different than if it is your entire portfolio. I...
by Lafder
Tue Dec 18, 2018 10:02 am
Forum: Investing - Help with Personal Investments
Topic: Is anyone's portfolio not tanking???
Replies: 129
Views: 13105

Re: Is anyone's portfolio not tanking???

I just looked last night and recalculated my asset allocation. Our overall holdings are down about 10% from the all time high earlier this year............so I thought it could be a rebalancing opportunity to sell bonds and buy stocks slightly on sale. But our asset allocation is still within my goa...
by Lafder
Tue Dec 18, 2018 12:48 am
Forum: Personal Consumer Issues
Topic: Gift Ideas for wife
Replies: 76
Views: 5488

Re: Gift Ideas for wife

LOL upset raptor :) That video cracks me up. Some of the best gifts I have gotten from my husband are something I did not think I needed a newer version of such as a phone or camera or laptop. I actually complained I did not need it..............but it was great and I used it often. ((I may hold ont...
by Lafder
Tue Dec 18, 2018 12:43 am
Forum: Personal Consumer Issues
Topic: Furnace in rental has issues with out-of-warranty parts, replace or repair?
Replies: 20
Views: 1361

Re: Furnace in rental has issues with out-of-warranty parts, replace or repair?

Caution with adding your name to the deed as it can effect the cost basis when the home is sold. If your name is added to the title, and dad passes, you will get his cost basis. Versus if you inherit the house and you get the cost basis at the time of death. Some states allow a TOD (Transfer on Deat...
by Lafder
Sun Dec 16, 2018 7:55 pm
Forum: Investing - Help with Personal Investments
Topic: Which solo 401k plan is right for my situation
Replies: 14
Views: 964

Re: Which solo 401k plan is right for my situation

Fidelity has lower expense fund options for solo401k. Fidelity also allows you to roll in other retirement accounts to your solo401k. That was the reason I moved my solo401k to Fidelity, to consolidate my other accounts into it. The lower fees I only found out about later. I would not consider the l...
by Lafder
Sat Dec 08, 2018 11:36 pm
Forum: Personal Consumer Issues
Topic: Helping in-laws with buy vs lease
Replies: 14
Views: 1006

Re: Helping in-laws with buy vs lease

Is there a Carmax near you? They have financing and warranty available. A very inexpensive car is cheap up front, but unknown as far as reliability and repair costs. If they are commuting to work daily.....compare uber costs to car payments, gas, repairs and insurance costs. Uber or Lyft really add ...
by Lafder
Fri Dec 07, 2018 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Buying house for cash, sellers requesting proof of assets
Replies: 23
Views: 4560

Re: Buying house for cash, sellers requesting proof of assets

Have Vanguard provide documentation that you have assets in excess of X dollars.

No need to share your total assets.

lafder
by Lafder
Sat Dec 01, 2018 11:43 pm
Forum: Investing - Help with Personal Investments
Topic: My kid's retirement
Replies: 49
Views: 3487

Re: My kid's retirement

My accountant was not comfortable with a "kiddie IRA or Roth" without W2 income. Some posts here on BH that say cash income from odd jobs can be used for a kiddie IRA. But I did not want to change accountants to make it happen. If you have maxed your retirement accounts, and paid down debt, then inv...
by Lafder
Sat Dec 01, 2018 4:59 pm
Forum: Personal Consumer Issues
Topic: Mattress Reco
Replies: 21
Views: 1770

Re: Mattress Reco

The mattress industry telling you how long a mattress should last is like the diamond industry telling you to spend 3 month's salary on a ring. Some mattresses last more than 30 years, some are uncomfortable from day 1. I do not have specific advice..........I know several friends who have the kind ...
by Lafder
Sat Dec 01, 2018 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: Is Wells Fargo doing a bait and switch with mortgage rate?
Replies: 24
Views: 2231

Re: Is Wells Fargo doing a bait and switch with mortgage rate?

When I shopped for loans, jumbo loans were higher interest rates and to be avoided if possible for that reason.

Wow if they are lower rates than smaller mortgages now.

lafder
by Lafder
Sun Nov 25, 2018 4:19 pm
Forum: Personal Consumer Issues
Topic: water drips from bathroom vent
Replies: 10
Views: 1097

Re: water drips from bathroom vent

Sounds like a roof leak where the vent pipe exits the roof. I would hire a roofer to take a look at all roof penetrations and seal them.

If it was just condensation, it should have happened before and would be on the inside of the piping, not the ceiling around the vent.

lafder
by Lafder
Sun Nov 25, 2018 2:19 pm
Forum: Investing - Help with Personal Investments
Topic: Lump Sum into a taxable account, with monthly withdrawals to pay down mortgage?
Replies: 12
Views: 1191

Re: Lump Sum into a taxable account, with monthly withdrawals to pay down mortgage?

You have a guaranteed return of over 4% if you pay down the mortgage. That is your only guarantee in this deal. Your mortgage balance is only going down if you pay it down. The market may or may not grow or crash, you may or may not move in the next decade. As long as your emergency fund is full, an...
by Lafder
Sat Nov 24, 2018 9:57 pm
Forum: Personal Finance (Not Investing)
Topic: Solo 401(k) and Separate Checking Account
Replies: 3
Views: 320

Re: Solo 401(k) and Separate Checking Account

I have just one business bank account and I make my solo401k contributions from it. I never heard of needing a separate account........
Lafder
by Lafder
Thu Nov 22, 2018 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Homeowners Insurance Claim-Experiences?
Replies: 22
Views: 2068

Re: Homeowners Insurance Claim-Experiences?

Our insurance adjuster came up with an estimate and cut us a check for half right away. The remediation company, Steamatic in our case, said the insurance estimate was ridiculously low and they negotiated with the insurance for a higher amount. There was something about needing to show receipts for ...
by Lafder
Wed Nov 21, 2018 9:52 am
Forum: Investing - Help with Personal Investments
Topic: 6 month waiting period for 401k?
Replies: 5
Views: 617

Re: 6 month waiting period for 401k?

What about a Roth or back door Roth with the extra $ the first 6 months? Some employers cap the % of paycheck that can go to 401k. Does your employer allow a high enough % to max your 401k in 6 months? Hopefully yes. I used to be annoyed by the concept of an "emergency fund" since I consider all of ...
by Lafder
Sat Nov 17, 2018 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance Help - 80% Co-Insurance - Grandmother's Payout Amount?
Replies: 7
Views: 745

Re: Insurance Help - 80% Co-Insurance - Grandmother's Payout Amount?

I recently dealt with a claim due to water damage at my home. The terms were so confusing.................... The "depreciation" is an amount (in my case) that the insurance held back until the repairs or rebuild was completed. Basically, in case you just keep the money and do not rebuild, they do n...
by Lafder
Sat Nov 17, 2018 11:24 am
Forum: Personal Finance (Not Investing)
Topic: Incompetent home inspector - what to do?
Replies: 52
Views: 5234

Re: Incompetent home inspector - what to do?

I would fix the valid items listed on the inspection report then hire an inspector recommended by your realtor to do a whole house inspection not biased by the initial inspector's report. They may find additional items to repair. Fix those too, and then have your inspector come back and they will up...
by Lafder
Mon Nov 05, 2018 9:38 am
Forum: Investing - Help with Personal Investments
Topic: Strategies for investing w/large annual capital gains
Replies: 8
Views: 1123

Re: Strategies for investing w/large annual capital gains

I would keep an amount "liquid" based on number of month's living expenses. Do you want a year of living expenses? 5 years ? That gives you a way to frame it as number of years you could live at current expenses without dipping into your deeper savings. I am a big fan of a simple 3 index fund portfo...
by Lafder
Mon Nov 05, 2018 9:27 am
Forum: Investing - Help with Personal Investments
Topic: Simple IRA/SEP IRA/Solo 401k
Replies: 6
Views: 506

Re: Simple IRA/SEP IRA/Solo 401k

There is no minimum limit to solo401k contributions, so yes you can both open one and max them out with your reported self employment incomes. You can not make SEP and solo401k contributions for the same business income in any one year. But yes you can switch to a solo401k for the next year. If your...
by Lafder
Mon Nov 05, 2018 9:13 am
Forum: Investing - Help with Personal Investments
Topic: Getting on track; Edward Jones & Vanguard advice
Replies: 31
Views: 3219

Re: Getting on track; Edward Jones & Vanguard advice

KISS, keep it short and simple, or keep it simple stupid, or....... It will be much easier to have all of your assets at Vanguard so you can look at your retirement account balance and asset allocation on one website. The easiest way to move money is to contact the place you want to pull it to, and ...
by Lafder
Sun Nov 04, 2018 3:43 pm
Forum: Investing - Help with Personal Investments
Topic: How to handle individual 401k administration
Replies: 13
Views: 885

Re: How to handle individual 401k administration

What plan document compliance is needed? I filled out the forms to open the account, and save any paperwork in a file. Other than the 5500 form, what other compliance forms are needed? Fidelity keeps track of the contributions and whether they are employer/employee, and the year of contribution. laf...
by Lafder
Sun Nov 04, 2018 3:35 pm
Forum: Investing - Help with Personal Investments
Topic: Help With Backdoor Roth
Replies: 18
Views: 1177

Re: Help With Backdoor Roth

I would convert her existing IRA to a Roth and just pay the income tax on it This allows you to do back door Roths for both of you every year you can afford to going forward. I believe the tax advantages of annual Roths for her outweighs the tax cost to convert her IRA this year. I would then do bac...
by Lafder
Sat Nov 03, 2018 10:08 pm
Forum: Personal Consumer Issues
Topic: Help...90-10, 80-10-10, HELOC?
Replies: 11
Views: 760

Re: Help...90-10, 80-10-10, HELOC?

We did an 80/10/10 on our prior house. The interest rate on the smaller loan was higher ,but we planned to pay it off faster and did. It was nice to not have PMI and not have to get it removed. It did not raise the interest rate on the primary loan to have the second loan on 10% But that was years a...
by Lafder
Sat Nov 03, 2018 9:48 pm
Forum: Investing - Help with Personal Investments
Topic: How to handle individual 401k administration
Replies: 13
Views: 885

Re: How to handle individual 401k administration

The 5500 form is very easy to fill out.

If you can set up a solo401k, you can do the form!

lafder
by Lafder
Sat Nov 03, 2018 4:23 pm
Forum: Personal Consumer Issues
Topic: Credit card Surcharges
Replies: 41
Views: 1814

Re: Credit card Surcharges

Credit card companies charge about 3% /transaction. So if you pay by credit card, the shop loses about 3 % plus in fees. They are simply trying to cover their costs. Using a card is a choice. I see fees added for using a credit card in more and more situations such as paying my utilities by credit c...
by Lafder
Sat Nov 03, 2018 4:00 pm
Forum: Investing - Help with Personal Investments
Topic: How to handle individual 401k administration
Replies: 13
Views: 885

Re: How to handle individual 401k administration

I use Fidelity. There is no fee. I do have to file the 5500 myself which takes less than 10 minutes including mailing it. Fidelity allows you to roll in other retirement accounts, Vanguard does not. And Fidelity has very low cost options for their solo 401k funds. You can likely read about it on the...
by Lafder
Sat Nov 03, 2018 10:07 am
Forum: Investing - Help with Personal Investments
Topic: Get out of Morgan Stanley!
Replies: 22
Views: 2650

Re: Get out of Morgan Stanley!

If you cal Fidelity or Vanguard they will help you make a three way call to discover the least expensive way to transfer the assets. Sometimes it is least expensive to sell where it is and move cash. Sometimes it is least expensive to transfer in kind as the current holdings and liquidate to cash at...
by Lafder
Thu Nov 01, 2018 10:47 pm
Forum: Investing - Help with Personal Investments
Topic: Panic set in... now what?
Replies: 63
Views: 11094

Re: Panic set in... now what?

What was your asset allocation before you panicked and went to all/mostly cash? What has you asset allocation been over the past decade ? Is there any asset allocation you would be comfortable with such as 50/50 or even 40/60 or 30/70 ? If you stay cash, you can optimize returns with CDs and money m...
by Lafder
Wed Oct 31, 2018 8:26 am
Forum: Investing - Theory, News & General
Topic: Limting Human Bias - 3 Fund VS Vanguard Target Life Strategy
Replies: 30
Views: 2269

Re: Limting Human Bias - 3 Fund VS Vanguard Target Life Strategy

Nit picky detail : the life strategy and target date funds both include international bonds, making them 4 fund portfolios ! SO it is a bit apples to oranges. I agree with your comments that human error due to emotional decisions is your biggest risk to reducing your returns. The brainpower at Vangu...
by Lafder
Wed Oct 31, 2018 8:11 am
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth - did I mess this up?
Replies: 17
Views: 877

Re: Backdoor Roth - did I mess this up?

Move your rollover IRA to your new 401k. You can't have a solo401k unless you are self employed. If you are, it depends on the available funds. Get started as the 12/31 IRA balance is what matters. Hopefully you have some nice low cost options! Back door Roths require an advanced level of investment...
by Lafder
Tue Oct 30, 2018 9:02 pm
Forum: Investing - Help with Personal Investments
Topic: Critique my Investment Policy Statement
Replies: 9
Views: 1028

Re: Critique my Investment Policy Statement

REITS are in the total stock market, or so I have been told on this site. I don't read the prospectus' either :0

((I have tried a few times......couldn't get through it))

lafder
by Lafder
Tue Oct 30, 2018 12:05 am
Forum: Investing - Help with Personal Investments
Topic: Critique my Investment Policy Statement
Replies: 9
Views: 1028

Re: Critique my Investment Policy Statement

How awesome that you have found this site and made an IPS at age 25. WOW! I have 2 suggestions :) Consider a minimum 20% in bonds to buffer drops and have space to rebalance from. I would prefer less months of emergency fund in cash, and more bonds :) You can always withdrawal from a taxable account...
by Lafder
Mon Oct 29, 2018 11:52 pm
Forum: Investing - Help with Personal Investments
Topic: Mega Backdoor: Cap on Distribution to Roth IRA?
Replies: 12
Views: 984

Re: Mega Backdoor: Cap on Distribution to Roth IRA?

Mega back door Roth goes from a post tax 401k contribution to a Roth. The number of times per year you can make a transfer from post tax 401k to a Roth outside of the plan depends on the plan rules. My husband's plan allowed 4 out of plan distributions per year. Your plan may have a different limit....
by Lafder
Sun Oct 28, 2018 10:11 pm
Forum: Investing - Help with Personal Investments
Topic: Another Fidelity Rollover question
Replies: 9
Views: 710

Re: Another Fidelity Rollover question

Can you list the options in the "old" and "new" 401k's just in case a fresh set of eyes can spot some low cost options :)

lafder
by Lafder
Sun Oct 28, 2018 10:04 pm
Forum: Investing - Help with Personal Investments
Topic: Wish I would have found this website 10 years ago.....
Replies: 6
Views: 1995

Re: Wish I would have found this website 10 years ago.....

Welcome! Better late than never! desired 60/40 (currently at 70/30). ((reasonable as age down to age- (15-20) in bonds is recommended)) Specific questions are below. Emergency funds: 2 months ((Are you comfortable with only 2 months here? Ok if yes)) Debt: mortgage- $220,000 2.65% interest; car loan...
by Lafder
Sun Oct 28, 2018 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: What sort of financial planner do I need for an aging relative?
Replies: 9
Views: 1096

Re: What sort of financial planner do I need for an aging relative?

If you can buy them a home, but worry they won't pay taxes or insurance, then keep those bills in your name. What kind of financial planning have they used before? Would they be willing to make you POA ? Are there issues with competency and ability to understand the consequences of the spending deci...
by Lafder
Sun Oct 28, 2018 1:53 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation - Roth IRA and Rollover IRA
Replies: 7
Views: 674

Re: Asset Allocation - Roth IRA and Rollover IRA

Vanguard Target Date Retirement funds are wonderful all in one funds made up of 4 subfunds in slightly different ratios depending on the date of the fund and how close to the target date. They are simple all in one funds that rebalance for you and add bonds with age. They are my favorite all in one ...
by Lafder
Sun Oct 28, 2018 9:07 am
Forum: Investing - Help with Personal Investments
Topic: Recommendations for fee only Investment advisors/planner for in Silicon Valley
Replies: 6
Views: 647

Re: Recommendations for fee only Investment advisors/planner for in Silicon Valley

When you find a fee only advisor, it will be useful to have a plan to compare their recs to, and a place to post their recs for discussion, here :) Take the time to post your current holdings like this https://www.bogleheads.org/forum/viewtopic.php?f=1&t=6212 Look at your current asset allocation an...
by Lafder
Sun Oct 28, 2018 8:47 am
Forum: Investing - Help with Personal Investments
Topic: Help me clean this up?
Replies: 1
Views: 363

Re: Help me clean this up?

You should come up with a desired AA so you know what you are aiming for. Otherwise...............you are never off from "whatever" Do you have an emergency fund in addition to your 20k cash in your taxable account? Your current AA is 95% stock, 5% cash. I added up your numbers to get Total holdings...
by Lafder
Sat Oct 27, 2018 10:04 am
Forum: Investing - Help with Personal Investments
Topic: Help with My Account Transfer!
Replies: 10
Views: 737

Re: Help with My Account Transfer!

As mentioned, why not transfer most of the holdings in kind. That does not trigger capital gains taxes. Perhaps take the time to list all of your holdings like this to talk through what your final goal for your account is. https://www.bogleheads.org/forum/viewtopic.php?f=1&t=6212 You do not need per...