Search found 1423 matches

by TIAX
Sun Jan 08, 2023 11:43 am
Forum: Personal Investments
Topic: 24, New Teacher - Portfolio Review
Replies: 32
Views: 3439

Re: 24, New Teacher - Portfolio Review

Please provide the terms of the loans
by TIAX
Tue Aug 16, 2022 2:01 am
Forum: Personal Finance (Not Investing)
Topic: Protecting Assets from Civil Lawsuits
Replies: 28
Views: 4121

Re: Protecting Assets from Civil Lawsuits

Consider moving to a state with a large homestead exemption?
by TIAX
Fri Aug 12, 2022 11:37 pm
Forum: Personal Investments
Topic: I'm 22 and unable to work anymore, how much can I get from my $690k portfolio?
Replies: 68
Views: 12533

Re: I'm 22 and unable to work anymore, how much can I get from my $690k portfolio?

If you can have an intelligent conversation on this forum (which you can), you can handle some kind of job. Is it really that you think you can't do any job or just particular kinds of jobs?
by TIAX
Tue Jun 28, 2022 3:21 pm
Forum: Personal Investments
Topic: Any reason not to swap funds in 401K now?
Replies: 6
Views: 950

Re: Any reason not to swap funds in 401K now?

It's certainly a good and expensive fund but you will get better answers if you posted your entire portfolio and all the options in your 401k.
by TIAX
Tue Jun 14, 2022 3:20 am
Forum: Personal Finance (Not Investing)
Topic: Health Insurance Out of Network ruling issue
Replies: 89
Views: 10309

Re: Health Insurance Out of Network ruling issue

Picasso wrote: Tue Jun 14, 2022 12:29 am Also, to those who are advising an appeal, know that only ~15% of cases are overturned on appeal. Not saying don’t try it, but set expectations appropriately.
A fair point. Keep in mind that if you're considering bringing suit, you may need to appeal internally twice to exhaust your administrative remedies.
by TIAX
Wed May 18, 2022 9:37 pm
Forum: Personal Finance (Not Investing)
Topic: $300,000 fine 5500ez
Replies: 51
Views: 14264

Re: $300,000 fine 5500ez

Are there any brokerages that file this form for you? If not, why not?
by TIAX
Wed May 18, 2022 9:34 pm
Forum: Investing - Theory, News & General
Topic: Since 1960, if you bought each time the S&P 500 fell 20% from its peak, here are your returns over the next 10 years
Replies: 35
Views: 7533

Re: Since 1960, if you bought each time the S&P 500 fell 20% from its peak, here are your returns over the next 10 years

secondopinion wrote: Tue May 17, 2022 9:04 pm
TIAX wrote: Tue May 17, 2022 7:55 pm
Jacobkg wrote: Tue May 17, 2022 7:53 pm Bought with what money though?
The money earning 0% in cash for 5 years?
Since when have I earned this on my cash? Every year my returns since when I was a kid were better than this every year for cash. Who is going to accept 0%? I guess you are joking a little.
Sure, let's revise that to -2% real return?
by TIAX
Sat Nov 13, 2021 10:46 am
Forum: Personal Investments
Topic: Made Disasterous Non-Boglehead Mistake How to Start Over??
Replies: 51
Views: 8416

Re: Made Disasterous Non-Boglehead Mistake How to Start Over??

Get it all in Monday and post your buy screenshot here.
by TIAX
Tue Sep 14, 2021 5:31 am
Forum: Personal Consumer Issues
Topic: surprise $7000 rental car damage bill
Replies: 186
Views: 26466

Re: surprise $7000 rental car damage bill

If you own a car, your regular car insurance may also cover this
by TIAX
Sat Sep 11, 2021 11:29 pm
Forum: Personal Consumer Issues
Topic: surprise $7000 rental car damage bill
Replies: 186
Views: 26466

Re: surprise $7000 rental car damage bill

Drewman wrote: Sat Sep 11, 2021 11:18 pm
Raycpact wrote: Sat Sep 11, 2021 11:14 pm There is a short time to report claims on CC , check the terms. You might need to report it before it is resolved.

On my car insurance, I would contact my agent before contacting rental company and ask for guidance.
There is no claim to report, no damage was done to the vehicle during our rental.
But the car rental company is alleging there was. I would make the claim but honestly explain what happened. I would also contact the car rental company as well as this contractor.
by TIAX
Thu Sep 09, 2021 5:56 pm
Forum: Investing - Theory, News & General
Topic: Are ETFs the future?
Replies: 78
Views: 6449

Re: Are ETFs the future?

stan1 wrote: Thu Sep 09, 2021 1:42 pm VTI = expense ratio 0.03%
VTSAX = expense ratio 0.04%

The difference may not mean much (I don't think it does) but one has lower expenses than the other and I'd be surprised if there is any argument about whether that is true or not.
Are we considering the spread when trading ETFs?
by TIAX
Sun Aug 29, 2021 10:42 am
Forum: Personal Finance (Not Investing)
Topic: How much do truck drivers actually make
Replies: 80
Views: 13373

Re: How much do truck drivers actually make

stoptothink wrote: Thu Aug 26, 2021 10:43 am I have a friend who (according to him) makes considerably more than $20/hr doing door dash and rarely has to leave his neighborhood. It's a side hustle. He'll often talk about making $150+ for a few hours on a Friday night, and he has the best stories.
This kind of anecdotal evidence is generally not helpful. Did you ever notice that people only talk about winning money at the casino? Same goes for these types of gigs. People will tell you about their great nights but leave out the really bad ones.
by TIAX
Wed Aug 11, 2021 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: How much life insurance for a healthy 32 year old?
Replies: 122
Views: 9806

Re: How much life insurance for a healthy 32 year old?

Don't people usually get remarried and replace the deceased spouse's income?
by TIAX
Tue Jun 29, 2021 4:09 pm
Forum: Investing - Theory, News & General
Topic: Why are you invested (mainly) in US stocks when all long term forecasts are in favour of ex-US?
Replies: 221
Views: 22241

Re: Why are you invested (mainly) in US stocks when all long term forecasts are in favour of ex-US?

ruud wrote: Mon Jun 28, 2021 9:33 am California is one of the largest economies in the world. It is home to some of the biggest and most innovative companies. Besides, most California companies get a substantial part of their revenue from the rest of the country. The California stock market has outperformed the U.S. Stock market over the past 10, 20 and 50 years1.

Why should I, a Californian, bother with the Total Stock Market, when Total California Stock Index is all I need?

1: disclaimer: this is obviously made up.
Is this different than the nasdaq?
by TIAX
Sat Jun 26, 2021 12:41 am
Forum: Personal Finance (Not Investing)
Topic: Chubb Insurance for Minimal Risk
Replies: 11
Views: 1873

Re: Chubb Insurance for Minimal Risk

DoubleComma wrote: Fri Jun 25, 2021 11:20 pm My Family has owned an insurance brokerage for decades, a brother is still in the business, I have never been. They would always preach the value of paying slightly more for much better service companies, which I do because all my insurance is bought through that brokerage. If it wasn’t a family connection I would probably error more towards the lower cost. Really in my life time the only claim I’ve had was from a storm knowing down a neighbors tree and took out our fence. They paid a couple grand and it was easy, because my agent handled it. So now the question is, am I paying for a higher service provider to benefit me or the broker/agent?
I'm surprised people who sell X think you need more X.
by TIAX
Thu Jun 24, 2021 11:25 am
Forum: Investing - Theory, News & General
Topic: The Atlantic: A Major New Index Fund Should Unnerve Climate-Skeptical CEOs
Replies: 109
Views: 16040

Re: The Atlantic: A Major New Index Fund Should Unnerve Climate-Skeptical CEOs

...A hedge fund, Engine No. 1, is launching an ETF that will track the S&P 500... Alas, not quite; CNBC: The ETF will track the Morningstar U.S. Large Cap Select Index, a large-cap fund similar to the S&P 500 that is market-capitalization weighted. So what is that, and what does "select" mean, exactly? Wow, Morningstar provides 15,764 equity indexes. :!: OK, here it is: Morningstar US Large Cap Select TR USD The Morningstar US Large Cap Select Index is designed to provide exposure to a select list of the largest companies by market capitalization in the US. Their rulebook mentions some screening criteria but also says The index targets 500 companies based on a transparent ranking system subject to selection and eligibilit...
by TIAX
Tue Jun 15, 2021 10:01 am
Forum: Investing - Theory, News & General
Topic: I'll never regret not having international funds in my portfolio
Replies: 282
Views: 27747

Re: I'll never regret not having international funds in my portfolio

I have decided to exclude international funds from my portfolio. I have watched a lot of videos about Mr. Bogle and he also excluded them and saw no reason to own any. What are your thoughts on either including or excluding international from your portfolio? Try to read books instead of watching videos. You may come to a different conclusion. Would you be able to spell out your reasons for excluding close to half of the stock market, other than "Bogle made me do it" ? By the way, "never" is an extremely long time and you know what they say: Given an infinite time, everything happens. This is actually a pretty important point. YouTube videos are absolutely useless when it comes to finance and you should avoid them.
by TIAX
Tue Jun 15, 2021 12:08 am
Forum: Personal Investments
Topic: 5500 EZ
Replies: 10
Views: 1434

Re: 5500 EZ

808surfboy wrote: Mon Jun 14, 2021 11:19 pm I closed my Solo 401k last week at Vanguard and rolled it into my Vanguard IRA. The plan had slightly less than 250K in assets but still requires IRS form 5500 to be filed. When should I file the 5500 EZ ?
All done with backdoor Roths?
by TIAX
Sun Jun 13, 2021 3:45 am
Forum: Personal Finance (Not Investing)
Topic: My auto insurance is crazy high
Replies: 57
Views: 8818

Re: My auto insurance is crazy high

If you can afford to replace your car, drop comprehensive and collision.
by TIAX
Fri May 21, 2021 9:41 pm
Forum: Investing - Theory, News & General
Topic: Guideline 401k adds 0.08% aum fee
Replies: 28
Views: 5121

Re: Guideline 401k adds 0.08% aum fee

Bait and switch. Hopefully, someone undercuts them soon. 401GO is a fairly new platform, and is a bit rough around the edges compared to Guideline's interface, but offers Vanguard index funds, and is undercutting Guideline. They have a 0.07% AUM fee, but it can be born by the employer. My company's plan assets are 90% owned by company owner/family, so the company being able to pay & deduct the fee is desirable. Additionally, the employer's monthly headcount fee is lower, and has no base monthly fee. They also offer SIGNIFICANT flexibility in plan document design. Guideline is extremely rigid. Both 401GO and Guideline are a 3(16) and 3(38) fiduciary. If you have a large amount of employees/plan assets, Vanguard/Ascensus is a great choic...
by TIAX
Thu May 20, 2021 12:24 am
Forum: Investing - Theory, News & General
Topic: Guideline 401k adds 0.08% aum fee
Replies: 28
Views: 5121

Re: Guideline 401k adds 0.08% aum fee

Bait and switch. Hopefully, someone undercuts them soon.
by TIAX
Thu Apr 22, 2021 11:13 am
Forum: Personal Investments
Topic: I invest in 10 Vanguard funds. How should I consolidate this mess?
Replies: 27
Views: 4375

Re: I invest in 10 Vanguard funds. How should I consolidate this mess?

COYB wrote: Wed Apr 21, 2021 3:15 pm I have put money in a variety of funds—some index, some growth.
I think you may be confused. Are you assuming active funds will "grow" faster than index funds?
by TIAX
Tue Apr 13, 2021 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: Medical Group wants me to be CFO -- advice?
Replies: 35
Views: 4791

Re: Medical Group wants me to be CFO -- advice?

financial.freedom wrote: Tue Apr 13, 2021 12:44 pm
ad2007 wrote: Tue Apr 13, 2021 11:43 am I take it that you're one of the physicians?

Working with a large group of providers is like herding cats. Everyone seems to have a vision of their own on how things should be done.

Make sure you have a good understanding of all the major players' contracts, including your own.

Good luck.
Yes, one of the physicians. I'm trying to get copies of all the contracts (W2, 1099, etc). Partners have the same contract and equal split of profit. Just low profits lately, so stressful times and CFO will likely be under the microscope.
If it's low profit, why are you sticking around? Move to another group.
by TIAX
Mon Apr 12, 2021 11:10 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard solo 401k to allow incoming rollovers?!
Replies: 57
Views: 10423

Re: Vanguard solo 401k to allow incoming rollovers?!

aaron239 wrote: Mon Apr 12, 2021 1:15 pm FYI, we are working on a rollover into one of our Vanguard solo 401ks now. The first step is updating the plan documents, as was suggested above, to allow for the rollover. After the new plan documents are completed, we are able to rollover the balance as normal. I'll post here once we have more progress.
Is this something you're doing electronically?
by TIAX
Sat Apr 10, 2021 10:15 am
Forum: Personal Finance (Not Investing)
Topic: In-Laws' HOA demanding $8000 lumpsum payment
Replies: 91
Views: 12208

Re: In-Laws' HOA demanding $8000 lumpsum payment

StevieG72 wrote: Fri Apr 09, 2021 6:48 pm File a claim with title insurance company.
Under what clause of title insurance would this be covered?
by TIAX
Fri Apr 09, 2021 3:04 am
Forum: Personal Finance (Not Investing)
Topic: 401k highly compensated employee issue
Replies: 4
Views: 955

Re: 401k highly compensated employee issue

When you quit, let them know why
by TIAX
Wed Mar 31, 2021 1:26 am
Forum: Personal Finance (Not Investing)
Topic: Advice on condo purchase in Manhattan
Replies: 24
Views: 4547

Re: Advice on condo purchase in Manhattan

NYGiantsFan wrote: Wed Mar 24, 2021 1:26 pm
muffins14 wrote: Sun Mar 21, 2021 5:35 pm There are so many variables here. What’s the draw to midtown west or “downtown” (do you mean FiDi?)?

Do they need a specific subway line? Prefer to walk to work?

Are they looking for new construction, recently remodeled? Low rise? High rise?
Current job location is in mid-town that will allow to walk to the work. Job provides Uber for late work (it is late most of the day) in the evening.
Family member prefers newer construction. Open to both low rise & high rise as long as there is a doorman.
You may want to wait to see if your job becomes fully remote in the long term
by TIAX
Fri Mar 26, 2021 9:34 pm
Forum: Personal Finance (Not Investing)
Topic: Car Loan at .9%?
Replies: 70
Views: 5982

Re: Car Loan at .9%?

You should also consider the additional cost of the full coverage insurance that you would be required to get.
by TIAX
Mon Mar 08, 2021 5:29 pm
Forum: Personal Investments
Topic: Vanguard 529 - Form 1099-Q box 6 checked
Replies: 6
Views: 922

Re: Vanguard 529 - Form 1099-Q box 6 checked

Williams57 wrote: Mon Mar 08, 2021 5:26 pm Can you live with not checking it? I mean, it's Vanguard's mistake. I guess I should say here, "I'm not a tax advisor" Haha.
Thanks, that would probably work. I see now on the instructions of 1099-Q that "Nontaxable distributions from . . . QTPs are not required to be reported on your income tax return" so it seems like the form could just not be filed.
by TIAX
Mon Mar 08, 2021 5:11 pm
Forum: Personal Investments
Topic: Vanguard 529 - Form 1099-Q box 6 checked
Replies: 6
Views: 922

Re: Vanguard 529 - Form 1099-Q box 6 checked

Williams57 wrote: Mon Mar 08, 2021 5:05 pm I have Colorado's 529, so it's not Vanguard, but in my form box 6 is checked as well - I am the owner and the beneficiary, so this should not have happened. I only checked since I saw this post.

I already filed my taxes, and I am not going to amend - if they question me I will show the receipts for my spending, and it has my name on it. As long as you have that kind of documentation I would think you'll be fine. You can manually enter it all on Turbotax, right? You don't have to upload it?
Yes, you can enter it manually on turbotax. But once you check box 6, that triggers Turbotax to add the tax and 10% penalty.
by TIAX
Mon Mar 08, 2021 5:00 pm
Forum: Personal Investments
Topic: Vanguard 529 - Form 1099-Q box 6 checked
Replies: 6
Views: 922

Vanguard 529 - Form 1099-Q box 6 checked

I was issued a form 1099-Q by Vanguard's 529 plan and box 6 ("Check if the recipient is not the designated beneficiary") was checked. This appears to cause tax liability on Form 5329 5, 7, and 8 (10% penalty on gains). According to Vanguard, they check box 6 when you request the funds to be sent via electronic transfer but not if a check is sent. Vanguard's reasoning was that the funds were sent back to the account of the "owner" so they can check the box. This makes no sense (when the owner is also the beneficiary). Vanguard told me there is no reason to enter the 1099-Q form into turbotax if the funds were used for the benefit of the beneficiary so it shouldn't matter whether Box 6 is checked or not. Has anyone had thi...
by TIAX
Sat Feb 27, 2021 11:45 pm
Forum: Personal Investments
Topic: Optum to Lively or Fidelity HSA?
Replies: 30
Views: 4353

Re: Optum to Lively or Fidelity HSA?

Raspberry-503 wrote: Sat Feb 27, 2021 8:07 pm Why do you think Optum is a mess?
Because they're part of United health group and have a lot of "captive" members since employers who offer the related health insurance plan will deposit contributions to the associated optum accounts accounts. And those participants likely don't know that you can roll funds out or probably wouldn't bother if they did.
by TIAX
Thu Feb 18, 2021 8:55 pm
Forum: Personal Finance (Not Investing)
Topic: Free counseling on whether to declare personal bankruptcy?
Replies: 24
Views: 2908

Re: Free counseling on whether to declare personal bankruptcy?

Why is she unemployed and how hard is she looking?
by TIAX
Sun Jan 24, 2021 2:03 am
Forum: Investing - Theory, News & General
Topic: 2nd million is easier!
Replies: 193
Views: 52775

Re: 2nd million is easier!

bubbadog wrote: Sat Jan 23, 2021 6:37 am
TIAX wrote: Fri Jan 22, 2021 11:17 pm
bubbadog wrote: Fri Dec 15, 2017 9:02 pm I contribute a little over 60K/year to tax deferred accounts including my employer's match. (24K-403B, 18K-457, 6.5 wife's Roth IRA, 15K employer match)
The big question is why do you not contribute to your Roth IRA?
My employment income is too high to be eligible for direct contributions to a Roth IRA. It was my understanding that with fairly large IRA, it wasn't a viable option. Am I wrong?
If you have a traditional IRA, can you roll it over to a 401(k)?
by TIAX
Fri Jan 22, 2021 11:17 pm
Forum: Investing - Theory, News & General
Topic: 2nd million is easier!
Replies: 193
Views: 52775

Re: 2nd million is easier!

bubbadog wrote: Fri Dec 15, 2017 9:02 pm I contribute a little over 60K/year to tax deferred accounts including my employer's match. (24K-403B, 18K-457, 6.5 wife's Roth IRA, 15K employer match)
The big question is why do you not contribute to your Roth IRA?
by TIAX
Thu Jan 21, 2021 12:42 am
Forum: Personal Investments
Topic: Postal Service and Vanguard
Replies: 21
Views: 2467

Re: Postal Service and Vanguard

I've recently had USPS blow multiple "guaranteed delivery" dates recently. Use private carriers.
by TIAX
Tue Jan 19, 2021 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: Paychex charging exorbitant fees including double fees
Replies: 7
Views: 1287

Re: Paychex charging exorbitant fees including double fees

You're probably overpaying. Get a quote from Guideline and employee fiduciary.
by TIAX
Tue Jan 19, 2021 8:25 am
Forum: Non-US Investing
Topic: IB Doesn't Like Panama Anymore [Interactive Brokers]
Replies: 70
Views: 24421

Re: IB Doesn't Like Panama Anymore [Interactive Brokers]

I brought this up with our team (2 lawyers, cpa, and financial advisor). I asked why don't we create or buy a corp from nevada or delaware? That way we could use USA domicled ETFs. Just like the Americans. The answer best answer came from our Panamanian lawyer. He said "Thousands of Americans, men from China, and Russians call Panamanian lawyers every day trying to get their money out. Why do you want your money in?" Also none of us knows how to deal with US laws and regs. US taxes intimidate us. Believe it or not I'm the "expert on the USA and on all things stocks and bonds" of the group. And I don't know anything! Why not a US pass-though entity if you're willing to pay for a corporation? US is effectively offshore fo...
by TIAX
Sun Jan 17, 2021 9:24 pm
Forum: Personal Finance (Not Investing)
Topic: Commercial Lease Expiration + Potential Lawsuit
Replies: 19
Views: 1709

Re: Commercial Lease Expiration + Potential Lawsuit

rob wrote: Sun Jan 17, 2021 9:23 pm I don't understand why your getting into the last part.... If the lease is solid and the term is indeed up - then it's up.
It may be "up" but if they don't leave, it could take months to get them out.
by TIAX
Sun Jan 17, 2021 9:21 pm
Forum: Personal Finance (Not Investing)
Topic: Commercial Lease Expiration + Potential Lawsuit
Replies: 19
Views: 1709

Re: Commercial Lease Expiration + Potential Lawsuit

Discuss bringing suit against them now for anticipatory repudiation with an attorney. Make sure the attorney has experience in commercial real estate litigation (not just transactions).
by TIAX
Sun Jan 17, 2021 11:40 am
Forum: Personal Finance (Not Investing)
Topic: Where to go from here? (75k extra in 2021)
Replies: 5
Views: 722

Re: Where to go from here? (75k extra in 2021)

18k per year on 529 accounts is already a mistake so definitely not that. You may want to edit your OP and provide more detail about the types of accounts you have. For example, do you have an individual 401k? Do you have a Roth IRA?
by TIAX
Mon Jan 11, 2021 11:43 am
Forum: Personal Consumer Issues
Topic: Eye glasses question
Replies: 20
Views: 1742

Re: Eye glasses question

You should get progressives and should definitely not use a website to order them. You should consider buying Zeiss lenses, they're the best but more expensive.
by TIAX
Mon Jan 11, 2021 3:44 am
Forum: Personal Finance (Not Investing)
Topic: Warning: Solo K and 5500 EZ
Replies: 131
Views: 14580

Re: Warning: Solo K and 5500 EZ

livesoft wrote: Sun Jan 10, 2021 12:55 pm
TIAX wrote: Sun Jan 10, 2021 12:31 pm Are there any custodians that file the form 5500-EZ for free?
This is an interesting question since the form is really easy to fill out. Since you are asking I suspect that you have an accountant do your individual income taxes and fills out your Form 1040 for you. I think you could talk your accountant into going over Form 5500SF with you for a fee and then watch you file it online yourself. You might find an accountant that has their own individual 401(k) that files their own Form 5500SF and get them to do yours for you for a fee, too.

Yes, I know you asked "for free" and not for paid service.
I'm more concerned about forgetting to file it, not its complexity.
by TIAX
Sun Jan 10, 2021 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: Warning: Solo K and 5500 EZ
Replies: 131
Views: 14580

Re: Warning: Solo K and 5500 EZ

Are there any custodians that file the form 5500-EZ for free?
by TIAX
Mon Jan 04, 2021 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: Part Time Real Estate Agent/Salesperson?
Replies: 30
Views: 1956

Re: Part Time Real Estate Agent/Salesperson?

What kind of job do you have now and how can you increase your compensation in your current industry?
by TIAX
Wed Dec 30, 2020 1:23 pm
Forum: Personal Investments
Topic: Best vanguard international fund
Replies: 7
Views: 1399

Re: Best vanguard international fund

Note that you can use VXUS until you get $3000