Search found 89 matches

by phatkev
Fri Aug 31, 2018 10:19 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in a Broadway show production
Replies: 28
Views: 2435

Re: Investing in a Broadway show production

Thank you all for the advice. None of it is too surprising, as this is the bogleheads forum and I expect nothing less than common sense investing advice. I agree with pretty much what the general attitude has been, mainly, this is a very risky investment and if I choose to go into it, I need to be p...
by phatkev
Fri Aug 24, 2018 8:28 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in a Broadway show production
Replies: 28
Views: 2435

Investing in a Broadway show production

My wife and I are considering investing in a new Broadway show. Before you say it, we are very aware that this is a very risky investment and I'm sure that many Bogleheads will probably just say "forget it." I completely understand it if you feel that way, and I may also feel that way, too. However,...
by phatkev
Tue Aug 14, 2018 8:05 pm
Forum: Personal Finance (Not Investing)
Topic: Surprise financial disaster, severe debt $300K caused by brother-in-law - Please help!
Replies: 249
Views: 65902

Re: Surprise financial disaster, severe debt $300K caused by brother-in-law - Please help!

Any further updates OP? Believe it or not, we are still in the courts trying to get a full accounting. The BIL is stalling, judge is getting inpatient, I'm at my wits end. Lots of drama ensued throughout the family over the course of this. On top of all of this financial problems, my mother passed ...
by phatkev
Wed Jun 06, 2018 10:06 pm
Forum: Investing - Help with Personal Investments
Topic: Where do I put this inherited pension?
Replies: 9
Views: 1141

Re: Where do I put this inherited pension?

Thank you for that detailed explanation. You really helped to clarify everything. :sharebeer
by phatkev
Tue Jun 05, 2018 8:33 pm
Forum: Investing - Help with Personal Investments
Topic: Where do I put this inherited pension?
Replies: 9
Views: 1141

Re: Where do I put this inherited pension?

If so, I'm inclined to just get it as cash and pay the taxes now for simplicity sake. Even though you could keep it, at your income the $30K is negligible and for simplicity could be withdrawn over two or three years instead of being spread out over the next 20 to 40 years. I've been reading up mor...
by phatkev
Tue Jun 05, 2018 8:24 pm
Forum: Investing - Help with Personal Investments
Topic: Where do I put this inherited pension?
Replies: 9
Views: 1141

Re: Where do I put this inherited pension?

Inherited from someone other than spouse . If you inherit a traditional IRA from anyone other than your deceased spouse, I assume that since this is an inherited pension, it's treated as if it's an inherited traditional IRA, right? However, you can make a trustee-to-trustee transfer as long as the ...
by phatkev
Tue Jun 05, 2018 10:31 am
Forum: Investing - Help with Personal Investments
Topic: Where do I put this inherited pension?
Replies: 9
Views: 1141

Where do I put this inherited pension?

I recently inherited a pension from my late mother for about $30k and I'm trying to figure out the best place to put it. I'm not too familiar with the rules of an inherited IRA but I do know that they're different than just a regular IRA. I currently invest fully in a backdoor roth IRA and I don't r...
by phatkev
Mon Apr 02, 2018 7:02 am
Forum: Investing - Help with Personal Investments
Topic: Rebalance TRowePrice 401k to help with Vanguard TLH
Replies: 7
Views: 847

Re: Rebalance TRowePrice 401k to help with Vanguard TLH

No where does IRS guidance say that 401k's are included in wash sales. IRAs and taxable accounts yes. 401k, no. I will speculate that one of the reasons is because of your exact issue - you do not have full control of the account. And nowhere does the IRS say that 401k's are exempted. Like the defi...
by phatkev
Tue Mar 27, 2018 10:24 pm
Forum: Investing - Help with Personal Investments
Topic: Rebalance TRowePrice 401k to help with Vanguard TLH
Replies: 7
Views: 847

Rebalance TRowePrice 401k to help with Vanguard TLH

Hello all, I'm interested in doing some TLH with my Vanguard taxable account which is made up of VTSAX, VTIAX, and a small amount of VMSXX. I want to TLH the VTSAX but I am also invested in VTSAX in my TRowe Price 401k. I am not able to turn off automatic reinvestments in the 401k (I tried :annoyed ...
by phatkev
Thu Feb 15, 2018 6:58 am
Forum: Investing - Help with Personal Investments
Topic: TLH basic questions
Replies: 8
Views: 980

Re: TLH basic questions

I just read that last night and was about to post it. You beat me to it! Thanks again.
by phatkev
Wed Feb 14, 2018 12:00 am
Forum: Personal Finance (Not Investing)
Topic: Surprise financial disaster, severe debt $300K caused by brother-in-law - Please help!
Replies: 249
Views: 65902

Re: Surprise financial disaster, severe debt $300K caused by brother-in-law - Please help!

I was wondering if you could provide information regarding how you were able to get 24-hour care for your mother, provided by the state. I'm trying to be proactive for a situation that I might be in (very similar to your situation). Tbone1, I’m sorry that you are needing to go through a similar sit...
by phatkev
Tue Feb 13, 2018 11:47 pm
Forum: Investing - Help with Personal Investments
Topic: TLH basic questions
Replies: 8
Views: 980

Re: TLH basic questions

Thanks for the clarification.
by phatkev
Mon Feb 12, 2018 2:47 pm
Forum: Investing - Help with Personal Investments
Topic: TLH basic questions
Replies: 8
Views: 980

Re: TLH basic questions

Another basic question. To get the tax benefits of THL, does it matter if the funds have short term or long term losses?

I know that the long-term gains get taxed more favorably, but is there any difference for short term losses? Thanks.
by phatkev
Fri Feb 09, 2018 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: Surprise financial disaster, severe debt $300K caused by brother-in-law - Please help!
Replies: 249
Views: 65902

Re: Surprise financial disaster, severe debt $300K caused by brother-in-law - Please help!

Thanks for the responses everyone. The funniest thing is the amount of responses I got to my Star Trek quote. I was trying to lighten the mood a bit with my Star Trek quote after unloading this depressing situation. So my apologies to anyone I offended with my language. I apparently violated the for...
by phatkev
Fri Feb 09, 2018 1:29 pm
Forum: Investing - Help with Personal Investments
Topic: TLH basic questions
Replies: 8
Views: 980

Re: TLH basic questions

Thank you, both for the info. That was exactly what I was looking for!
by phatkev
Thu Feb 08, 2018 10:59 pm
Forum: Personal Finance (Not Investing)
Topic: Surprise financial disaster, severe debt $300K caused by brother-in-law - Please help!
Replies: 249
Views: 65902

Re: Surprise financial disaster, severe debt $300K caused by brother-in-law - Please help!

Quick update: If you can believe it, it's been more than a full year since I discovered the financial indiscretions, to put it mildly, of my BIL and we still have no resolution. As you might have suspected, he continued to drag his feet, avoiding the court summons until he was held in contempt of co...
by phatkev
Thu Feb 08, 2018 10:45 pm
Forum: Investing - Help with Personal Investments
Topic: TLH basic questions
Replies: 8
Views: 980

TLH basic questions

I'm probably one of a million here interested in tax loss harvesting with the current dives in the market. I've never done it before and even though I've read a bunch on it, I'm still confused on some of the basics. Thanks in advance for your patience :happy Question 1. I don't really check my perfo...
by phatkev
Mon Jan 29, 2018 10:46 pm
Forum: Investing - Help with Personal Investments
Topic: Out of state 529 but still get in-state tax deduction?
Replies: 9
Views: 943

Out of state 529 but still get in-state tax deduction?

I am a CT resident and have been investing in the CT 529 program for my kids. I can deduct up to $10k in state taxes/year. I would like to invest in other state plans that have better, lower cost investment options but I still want to get the tax benefit. Can I invest initially the $10K in the CT pl...
by phatkev
Fri Jan 05, 2018 10:42 pm
Forum: Investing - Help with Personal Investments
Topic: Help with 403b selections, please
Replies: 4
Views: 362

Re: Help with 403b selections, please

I'm a happy security benefit direct invest customer and recreational golfer as well :) Wasn't too bad to set up however I have read some nightmares with customer service. I faxed everything instead of using the website. Pm me with questions if you would like. I'll keep it in mind and maybe we can t...
by phatkev
Fri Jan 05, 2018 8:16 pm
Forum: Investing - Help with Personal Investments
Topic: Help with 403b selections, please
Replies: 4
Views: 362

Re: Help with 403b selections, please

The only provider on the list that offers a low-cost mutual fund based 403b is Security Benefit. Their NEA Direct Invest 403b offers 8 Vanguard Admiral class funds: Total Stock Market Index ER 0.05% Total International Stock Index ER 0.14% Intermediate Term Bond Index ER 0.10% 500 Index ER 0.05% Gr...
by phatkev
Fri Jan 05, 2018 5:43 pm
Forum: Investing - Help with Personal Investments
Topic: Help with 403b selections, please
Replies: 4
Views: 362

Help with 403b selections, please

I'm trying to help my sister out in managing her 403b accounts. She is a public school teacher with 4 young kids and her husband is a golf pro (not like Tiger Woods pro - more like the head pro at a local golf course - though he is PGA certified). In other words, they are struggling to save, but are...
by phatkev
Fri Oct 13, 2017 10:59 pm
Forum: Personal Consumer Issues
Topic: Building additional garage - recommendations?
Replies: 26
Views: 1710

Re: Building additional garage - recommendations?

GREAT SUGGESTIONS! I knew I came to the right place for advice. I just wanted to address a few things that were brought up and ask a few more questions. We are somewhat limited to size, location and style due to the town ordinance, current house style, and my wife. I wanted to build a huge detached ...
by phatkev
Thu Oct 12, 2017 10:57 pm
Forum: Personal Consumer Issues
Topic: Building additional garage - recommendations?
Replies: 26
Views: 1710

Building additional garage - recommendations?

I’m going to build an additional attached garage sometime in the future. I’m working out design plans now and would love to hear some recommendations from the boglehead community. My goal is to maximize storage, be able to fit a large car, a couple cords of firewood and the kids bikes comfortably in...
by phatkev
Thu Oct 12, 2017 10:25 pm
Forum: Personal Finance (Not Investing)
Topic: Surprise financial disaster, severe debt $300K caused by brother-in-law - Please help!
Replies: 249
Views: 65902

Re: Surprise financial disaster, severe debt $300K caused by brother-in-law - Please help!

I thought I would post a reply with an update. I’ve been quiet because not that much has happened. My sister finally divorced my now ex-BIL and we had a contempt of court hearing because he ignored 3 requests by the judge for a financial accounting. He finally showed up after being hand served a sum...
by phatkev
Sun May 21, 2017 6:24 pm
Forum: Personal Finance (Not Investing)
Topic: Surprise financial disaster, severe debt $300K caused by brother-in-law - Please help!
Replies: 249
Views: 65902

Re: Surprise financial disaster, severe debt $300K caused by brother-in-law - Please help!

Any update? Funny you should mention, but there has been a lot of updates. Also, now I am seeking out some very boglehead.org forum-specific advice. For the past few months, I've been working on discovering how to make sure my mother's state aid was reinstated, and that I knew of the extent of her ...
by phatkev
Wed Mar 22, 2017 3:47 pm
Forum: Investing - Help with Personal Investments
Topic: Could my 529 returns really be this good?
Replies: 4
Views: 1094

Re: Could my 529 returns really be this good?

livesoft wrote:I don't think these are Average Annual returns, but are Cumulative.
Thanks. Forgive my lack of knowledge, but what is the difference? When someone typically thinks of getting a "7% return" for example, how is that calculated compared to this method?
by phatkev
Sat Mar 18, 2017 7:53 pm
Forum: Investing - Help with Personal Investments
Topic: Could my 529 returns really be this good?
Replies: 4
Views: 1094

Could my 529 returns really be this good?

I was just looking at my children's 529 accounts that I do through the Connecticut Higher Education Trust (CHET). I've been putting in money every month for several years for all 3 kids. When I clicked on the button that says "view contributions and performance" it gives me an astronomical return. I...
by phatkev
Sat Mar 18, 2017 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: Surprise financial disaster, severe debt $300K caused by brother-in-law - Please help!
Replies: 249
Views: 65902

Re: Surprise financial disaster, severe debt $300K caused by brother-in-law - Please help!

I have just found this discussion and read the entire thing in one go. Here are some comments that have not come up before: 1. If the OP's brother in law has no assets of his own, such as IRA or 401(k), he may request in the divorce a half of the marital assets and a half of his ex-wife's IRA, 401(...
by phatkev
Sun Mar 12, 2017 10:21 pm
Forum: Personal Finance (Not Investing)
Topic: Surprise financial disaster, severe debt $300K caused by brother-in-law - Please help!
Replies: 249
Views: 65902

Re: Surprise financial disaster, severe debt $300K caused by brother-in-law - Please help!

I wanted to give an update and get some feedback about what to do. After several months, $1500 in legal fees, countless hours of phone calls, I've been appointed conservator of my mom so I now have the authority to look into the finances. Here's what I found so far. From her bank account statements,...
by phatkev
Thu Jan 05, 2017 11:01 am
Forum: Personal Finance (Not Investing)
Topic: Surprise financial disaster, severe debt $300K caused by brother-in-law - Please help!
Replies: 249
Views: 65902

Re: Surprise financial disaster, severe debt $300K caused by brother-in-law - Please help!

Another update, Meet with lawyers yesterday and we are going to start the process of establishing conservatorship over my mother. They believed that there are enough red flags to make it easy for a judge to grant it. Once they do that, I will be able to have access to everything and can freeze her c...
by phatkev
Wed Jan 04, 2017 12:23 am
Forum: Personal Finance (Not Investing)
Topic: Surprise financial disaster, severe debt $300K caused by brother-in-law - Please help!
Replies: 249
Views: 65902

Re: Surprise financial disaster, severe debt $300K caused by brother-in-law - Please help!

Another update. My sister gave me a big box of documents that she smuggled out of the house that included many documents from 2014-2015, including the credit card statements from the 2 credit cards that carried the combined 45K balance, electricity bills, cable/internet/phone bills, medical insuranc...
by phatkev
Tue Jan 03, 2017 12:05 am
Forum: Personal Finance (Not Investing)
Topic: Surprise financial disaster, severe debt $300K caused by brother-in-law - Please help!
Replies: 249
Views: 65902

Re: Surprise financial disaster, severe debt $300K caused by brother-in-law - Please help!

I met with my BIL today to go over the financial situation of my mother. For several years, my mother was living in an assisted living facility that cared for her medications, had full time nursing, and on top of that, we were paying for her to have a 24 hour live in aid, to the amount of around $11...
by phatkev
Sun Jan 01, 2017 11:38 pm
Forum: Personal Finance (Not Investing)
Topic: Surprise financial disaster, severe debt $300K caused by brother-in-law - Please help!
Replies: 249
Views: 65902

Re: Surprise financial disaster, severe debt $300K caused by brother-in-law - Please help!

Thank you everyone for the feedback, thoughts, and pieces of advice. I've been reading through the responses trying to take them in and deal with the holidays as well, which is why it took a while to respond. I appreciate the general sentiment of sympathy to my mother and sister. I want to fill in a...
by phatkev
Tue Dec 27, 2016 11:34 pm
Forum: Personal Finance (Not Investing)
Topic: Surprise financial disaster, severe debt $300K caused by brother-in-law - Please help!
Replies: 249
Views: 65902

Surprise financial disaster, severe debt $300K caused by brother-in-law - Please help!

My family is going through an unfortunate situation that is continuing to unfold, and I suspect that the bogleheads could offer some words of wisdom. This is a bit of a story, so please bear with me. My sister discovered a few weeks ago that her husband of 18 years (soon to be ex) has been raking up...
by phatkev
Fri Dec 16, 2016 11:51 am
Forum: Investing - Help with Personal Investments
Topic: Where to put young kids personal savings
Replies: 13
Views: 2310

Re: Where to put young kids personal savings

Thanks for the responses. I'm mostly interested in my kids just learning now that savings is something that they have to do. It's not so much about the return rate but just to learn to live below their means, understand the value of money, and introduce the concept of delayed gratification. I'll pro...
by phatkev
Mon Dec 12, 2016 12:14 am
Forum: Investing - Help with Personal Investments
Topic: Where to put young kids personal savings
Replies: 13
Views: 2310

Where to put young kids personal savings

I'm trying to teach my young kids (ages 8, 6, and 4) the importance of saving and investing. Whenever they get money they instantly want to spend it on something. Now as a rule they have to give me 10% every time they buy anything to be put into a "savings account". I haven't been putting the money ...
by phatkev
Sun Sep 11, 2016 9:51 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage rate lock in for a year
Replies: 8
Views: 3917

Re: Mortgage rate lock in for a year

Can you please share wisdom how you were able to back out of TB contract without loosing the deposit? I just logged in now and saw your reply so I'm sorry it's taken me so long to respond. Our being able to back out of the Toll Bros house was a stroke of good luck, in that we signed up for a lot th...
by phatkev
Wed Jun 08, 2016 9:40 pm
Forum: Personal Consumer Issues
Topic: Kitchen remodel suggestions
Replies: 45
Views: 5779

Re: Kitchen remodel suggestions

For our laundry room, we're opting for a chute to the basement instead of trying to squeeze in a washer/dryer off the hallway. The reality is clothes will pile up and we'd rather have that happening in the laundry area instead of in a hallway or bedroom. In our old house, we had a laundry chute to ...
by phatkev
Sun Jun 05, 2016 9:52 pm
Forum: Personal Consumer Issues
Topic: Kitchen remodel suggestions
Replies: 45
Views: 5779

Re: Kitchen remodel suggestions

Thank you all for the advice on the kitchen. I was wondering if you had any advice on mud room and/or laundry room remodels. We are getting those redone as well because the washer/drier is in our "mudroom" which is right off the kitchen. With 3 small kids, the shoes, coats, and backpacks end up bein...
by phatkev
Wed Jun 01, 2016 10:00 pm
Forum: Personal Consumer Issues
Topic: Kitchen remodel suggestions
Replies: 45
Views: 5779

Re: Kitchen remodel suggestions

All great suggestions and things to think about. Thank you. Regarding a few things mentioned, this kitchen is mainly for my wife who is a big time cook. There are many wonderful suggestions on how to save money that aren't really that practical for our situation. Our house would look very strange if...
by phatkev
Wed Jun 01, 2016 2:54 pm
Forum: Personal Consumer Issues
Topic: Kitchen remodel suggestions
Replies: 45
Views: 5779

Re: Kitchen remodel suggestions

Thanks for the suggestions. We are doing a custom design kitchen with the cabinets being custom built with good quality cabinets and they will go all the way up to the ceiling. We are also putting in toe kick drawers to maximize space. Does anyone have any experience with an induction cook top? We a...
by phatkev
Tue May 31, 2016 10:23 pm
Forum: Personal Consumer Issues
Topic: Kitchen remodel suggestions
Replies: 45
Views: 5779

Kitchen remodel suggestions

My wife and I decided to remodel our kitchen, mudroom, and laundry room. I wanted to see what suggestions people had on these forums about what to get with the new remodels. I'm really interested in hearing about ergonomics, practicality, interesting designs, and just cool things that you did or wis...
by phatkev
Tue May 31, 2016 10:17 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage rate lock in for a year
Replies: 8
Views: 3917

Re: Mortgage rate lock in for a year

Sorry for the delayed response. I just logged in now and saw this post. I ended up backing out of the purchase all together. The house ended up being more expensive, bigger, and just not what we wanted. Also I was able to negotiate my deposit back due to a loophole in the contract. We are just stayi...
by phatkev
Sat Dec 26, 2015 12:49 am
Forum: Personal Consumer Issues
Topic: Parking at JFK Airport
Replies: 11
Views: 1630

Parking at JFK Airport

My wife and I are going on a trip in a few weeks to the Caribbean (first one without our 3 young kids!) from JFK airport. We live in the Hartford area of CT and when looking at flight times and prices, it really made the most sense to fly out of JFK. There are lots of options on getting there and pa...
by phatkev
Wed Sep 30, 2015 1:16 pm
Forum: Investing - Theory, News & General
Topic: Best way to assess portfolio value
Replies: 5
Views: 562

Best way to assess portfolio value

This forum has helped me go from knowing nothing about investing, getting screwed by a "finacial advisor", to having a very simple portfolio of low cost index funds and bonds. I'm much happier. Also, I don't really check up on my positions, but now that the market is in a down turn, I want to know w...
by phatkev
Fri Sep 25, 2015 8:54 pm
Forum: Investing - Theory, News & General
Topic: Should I take out max 401k/pay period or spread it out?
Replies: 7
Views: 741

Re: Should I take out max 401k/pay period or spread it out?

Sometimes you get more with the "matching" if contributions are spread throughout the year. If you get no matching it's not an issue. If you get matching many 401K plans and employers have mechanisms/procedures called "true-up" that ensure that you get the highest amount of matching regardless of w...
by phatkev
Fri Sep 25, 2015 8:32 pm
Forum: Investing - Theory, News & General
Topic: Should I take out max 401k/pay period or spread it out?
Replies: 7
Views: 741

Should I take out max 401k/pay period or spread it out?

What is the best way to deduct money to a 401k? Should I take out the maximum allowed per paycheck ($1500/paycheck) or spread it out evenly over the year (~$750/paycheck). I figure that it would make more sense to start saving pre-tax money earlier so less tax is paid on it up front, thereby limitin...
by phatkev
Fri Sep 25, 2015 8:17 pm
Forum: Investing - Help with Personal Investments
Topic: TLH & Recharacterizing roth - ?s on declining accounts
Replies: 2
Views: 384

Re: TLH & Recharacterizing roth - ?s on declining accounts

Second part - I recently converted a non-deductible TIRA to a roth and paid a decent amount of tax on it. Should I recharacterize it? Are you sure you paid taxes on the conversion? What was the amount of the conversion? What was the amount of IRA basis (sum of non-deductible contributions)? If you ...
by phatkev
Thu Sep 10, 2015 10:55 pm
Forum: Investing - Help with Personal Investments
Topic: TLH & Recharacterizing roth - ?s on declining accounts
Replies: 2
Views: 384

TLH & Recharacterizing roth - ?s on declining accounts

This is my first time dealing with a volatile market and now that my investments are showing some losses, I'm looking into a few things to do about it. Being relatively new to Bogleheads (a few years now) and someone who has limited knowledge, and likes to keep my portfolio very simple, I am not sur...
by phatkev
Mon Jun 01, 2015 10:05 pm
Forum: Personal Finance (Not Investing)
Topic: Long term capital gains tax question
Replies: 7
Views: 1145

Re: Long term capital gains tax question

Thanks everyone. This was just the help I needed.