Search found 56 matches

by rigoodma
Thu Apr 11, 2019 8:47 am
Forum: Personal Consumer Issues
Topic: Buying New Home
Replies: 14
Views: 998

Re: Buying New Home

Thanks for all the feedback. The flip comments are probably the biggest concern.
by rigoodma
Wed Apr 10, 2019 6:17 pm
Forum: Personal Consumer Issues
Topic: Buying New Home
Replies: 14
Views: 998

Re: Buying New Home

It would be higher than the closing costs and real estate commissions.

I also have my real estate agent coming with us to view the house and will speak to her after regarding options
by rigoodma
Wed Apr 10, 2019 3:54 pm
Forum: Personal Consumer Issues
Topic: Buying New Home
Replies: 14
Views: 998

Re: Buying New Home

The major reason we are looking to move is to get what we don't have: Kids space, as it is all over the downstairs right now Storage, as our garage is overflowing and can only fit single car Place for office besides closet Again, all of these things could be fixed with $$$ with existing. What I'm tr...
by rigoodma
Wed Apr 10, 2019 2:56 pm
Forum: Personal Consumer Issues
Topic: Buying New Home
Replies: 14
Views: 998

Re: Buying New Home

Mentioned above. Kitchen, yard, paint, fireplace, and some other things for around $120K.

We already go pre-approved for the amount, even without needing a contingency of selling our current house, which is a big positive.

What other context do you need? Willing to provide.
by rigoodma
Wed Apr 10, 2019 2:50 pm
Forum: Personal Consumer Issues
Topic: Buying New Home
Replies: 14
Views: 998

Buying New Home

All- Need some input here. My DW and I are looking at a house that is about to come on the market in our neighborhood. It was a flip house that was completely gutted, where most houses in our neighborhood are 20+ years old. We are looking to see it next week prior to it being listed. Here's some bac...
by rigoodma
Tue Jan 22, 2019 7:34 am
Forum: Personal Consumer Issues
Topic: Is it ever worth purchasing an extended warranty for a vehicle?
Replies: 90
Views: 5637

Re: Is it ever worth purchasing an extended warranty for a vehicle?

I have a F150 and I did get an extended warranty. I am less concerned with mechanical failures and more concerned with electronic failures in the future. Go to https://factoryplans.com/default.aspx and you can get actual Ford warranties for cheap. They do it by volume and prices them way lower than ...
by rigoodma
Mon Jan 14, 2019 6:58 am
Forum: Personal Investments
Topic: How to invest HSA in NJ
Replies: 5
Views: 389

Re: How to invest HSA in NJ

Or invest in equities and bonds, using money from HSA for medical expenses in retirement

Why such a big push to limit taxes for non medical expenses?
by rigoodma
Thu Jan 10, 2019 11:09 am
Forum: Personal Consumer Issues
Topic: Techies: Advice on How to Transfer Data/Files from Old Mac to New Mac
Replies: 22
Views: 1494

Re: Techies: Advice on How to Transfer Data/Files from Old Mac to New Mac

I would start fresh with the new Mac. One option (just don't know if your old computer has this) is to use a Thunderbolt cable between the two to transmit at speed. I've done this with the last 2 laptop refreshes I received from my company and works fine. When you have Mac that is 8 years old, it's ...
by rigoodma
Thu Jan 03, 2019 8:07 pm
Forum: Personal Investments
Topic: Roth vs After Tax Contributions in 401k
Replies: 9
Views: 325

Re: Roth vs After Tax Contributions in 401k

I know with my employer, all matching will go into pre-tax. Is that the same across the board or up to employer.
by rigoodma
Mon Dec 31, 2018 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: Underfunded escrow account
Replies: 11
Views: 601

Re: Underfunded escrow account

In my experience, the bank pays the taxes anyway. The escrow account will go negative, and they will recompute the amount owed each month. You will then get a choice to pay the deficiency as a lump sum or have it adjust your monthly payment upwards until it’s paid. This ^ Happens to me every year w...
by rigoodma
Fri Dec 28, 2018 3:18 pm
Forum: Personal Investments
Topic: Rookie Boglehead- Young-ish High Income Earner
Replies: 20
Views: 1752

Re: Rookie Boglehead- Young-ish High Income Earner

Get a 30 year term insurance. I’ve always believed that if something happened to me, my intestments and term would be enough for my DW and kids could use to live on for rest of lives. For me, it was $3mil term and $1.5 from employer, plus investments. Right allocation all comes to your risk. If you ...
by rigoodma
Fri Nov 23, 2018 7:43 pm
Forum: Personal Consumer Issues
Topic: Awesome Amazon trick for 20% off
Replies: 8
Views: 4139

Re: Awesome Amazon trick for 20% off

I tried getting this today but was not allowed. The fine print:

Must be a card that you haven’t used membership rewards before
Must be a card that you haven’t used to buy anything at amazon before

The second one was why I was denied
by rigoodma
Fri Dec 22, 2017 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: Personal Allowances with MFJ $24K Standard Deduction
Replies: 5
Views: 957

Re: Personal Allowances with MFJ $24K Standard Deduction

I've read the same on the IRS web site. It wouldn't roll out until Feb.
by rigoodma
Fri Dec 22, 2017 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: Personal Allowances with MFJ $24K Standard Deduction
Replies: 5
Views: 957

Re: Personal Allowances with MFJ $24K Standard Deduction

OK, makes sense. I guess that's where I was going with my question. Now that you don't have personal exemptions for kids, but get the child tax credit and higher standard deduction, it almost seems like I (relative to person of course) might pay more per paycheck than what I do now, but would get a ...
by rigoodma
Fri Dec 22, 2017 10:25 am
Forum: Personal Finance (Not Investing)
Topic: Personal Allowances with MFJ $24K Standard Deduction
Replies: 5
Views: 957

Personal Allowances with MFJ $24K Standard Deduction

[OT comment deleted by admin alex] With the new tax bill going into affect next year, MFJ people now have a standard deduction of $24K, which to me seems like a lot of people will get a large tax refund if they do the standard way of doing allowances for W4. How are people looking to do use their p...
by rigoodma
Mon Sep 11, 2017 6:43 am
Forum: Personal Investments
Topic: Fidelity 401k - Brokeragelink - Pre-Tax/ROTH
Replies: 6
Views: 1748

Re: Fidelity 401k - Brokeragelink - Pre-Tax/ROTH

You need to check with your company's 401k documentation. My company has Fidelity for 401k and all of this is explained in the documentation or there is a number to call.
by rigoodma
Wed Aug 23, 2017 6:18 am
Forum: Personal Consumer Issues
Topic: Weightlifting Equipment for Home Gym
Replies: 54
Views: 10454

Re: Weightlifting Equipment for Home Gym

+1 for Starting Strength. I use that and row for endurance. Great program with a number of different profram options
by rigoodma
Mon Jul 24, 2017 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: Spending and Expense
Replies: 6
Views: 779

Re: Spending and Expense

I don't work for commissions, but I do have at least one regular large bill (a TX-sized property tax bill) and a yearly unknown bonus. I also have ESPP, which while a generally known amount, I only get that money twice a year. So I do what you do: I fill up my emergency fund pot and use that for an...
by rigoodma
Mon Jul 24, 2017 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: Spending and Expense
Replies: 6
Views: 779

Spending and Expense

All- For people who work on commission jobs (or people in general), how to people manage their spending when income is not at regular intervals or larger expenses come in on a bi-yearly or quarterly basis? Do you have an account to manage this outside emergency fund? Or just deal with it in another ...
by rigoodma
Thu Jun 01, 2017 8:21 pm
Forum: Personal Finance (Not Investing)
Topic: Please critique my attorney's suggestions..
Replies: 28
Views: 5335

Re: Please critique my attorney's suggestions..

Read "Beyond the Grave". That would give you a good idea of things to consider and why you might want to reconsider a testamentary trust, which is what it sounds like he is proposing. We set up a revocable trust that, if something happened to both my wife and me, all life insurance, investments, etc...
by rigoodma
Wed May 10, 2017 8:30 pm
Forum: Personal Investments
Topic: Why not Vanguard(other MF houses) have 'Fee-only-advisors' ??
Replies: 5
Views: 1061

Re: Why not Vanguard(other MF houses) have 'Fee-only-advisors' ??

According to the Vanguard Personal Advisor brochure, they do offer on-time investment advice where they create a financial plan for you. With this, it is not ongoing management.

https://personal.vanguard.com/pdf/vpabroc.pdf
by rigoodma
Fri Apr 21, 2017 7:05 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Services
Replies: 204
Views: 25059

Re: Trust Services

For real estate, insurance policies, loans for startup companies, etc., I would contend that is outside the investment realm and should be handled in other sections of the trust and by the corporate trustee. I see the asset manager handling all things related to security exchange markets. This part...
by rigoodma
Fri Apr 21, 2017 4:12 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Services
Replies: 204
Views: 25059

Re: Trust Services

smackboy1, Great thoughts and comments. After reading through all of this, I am in agreement with what you said at the end. Separate the two into a corporate trustee to handle all trustee responsibilities except investment and an asset manager for investment decisions. As far as the conditions in th...
by rigoodma
Wed Apr 19, 2017 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Services
Replies: 204
Views: 25059

Re: Trust Services

I can tell you that I reached out to talk to VNTC. They mentioned that their 4 buckets of investments are total stock, total bond, total international stock, and total international bond. Depending on time frames and other factors, they might also invest in tax efficient options, like muni bonds, et...
by rigoodma
Wed Apr 19, 2017 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Services
Replies: 204
Views: 25059

Re: Trust Services

FIREchief wrote:This looks like standard boilerplate. I believe that most/all independent trustees would, at best, just do what they always do (i.e. invest in a "traditional" non-BH manner).
Which is why I'm looking at this and will change in the future. Thanks for the confirmation
by rigoodma
Wed Apr 19, 2017 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Services
Replies: 204
Views: 25059

Re: Trust Services

I've mentioned this multiple times, but for some strange reason I've yet to find anybody who will accept this as a valid approach. That said, nobody has yet provided any reasons why this won't work as intended. I guess my only comment is using the "low cost, passively managed, index based investmen...
by rigoodma
Wed Apr 19, 2017 10:20 am
Forum: Personal Finance (Not Investing)
Topic: Trust Services
Replies: 204
Views: 25059

Re: Trust Services

Great example of the problem. Your typical index fund invests in options and futures as a matter of course. If you were to forbid the trust from investing in funds that do this, then you would have knocked out the Vanguard funds. Well...crap. I did not know that with regular index funds. I guess th...
by rigoodma
Wed Apr 19, 2017 9:11 am
Forum: Personal Finance (Not Investing)
Topic: Trust Services
Replies: 204
Views: 25059

Re: Trust Services

Afan brings up a great point. What will investments look like 50 years from now and how much detail should be put into the trust on what they can/cannot invest in. Right now, my trust reads as follows: Without limiting the Trustees’ investment authority in any way, the Trustees shall exercise reason...
by rigoodma
Mon Apr 17, 2017 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Services
Replies: 204
Views: 25059

Re: Trust Services

I have not used trust services, but I have shopped a lot. As of the last time I checked, Vanguard would not manage real estate as trustee. You would need someone else to do that. This is a problem for us, since there is real estate that would need to be sold when we pass. If that is still the case,...
by rigoodma
Mon Apr 17, 2017 3:45 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Services
Replies: 204
Views: 25059

Re: Trust Services

I spent my career in the trust business but I won't attempt to answer all your questions other than to urge you to have a professional trustee manage your assets separate from the guardian of your children. Any of the options you mention could be good depending on your needs and the size of the tru...
by rigoodma
Mon Apr 17, 2017 3:29 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Services
Replies: 204
Views: 25059

Trust Services

My wife and I just finished setting up our will and trust after long procrastination with it. Our trust is basically a grantor revocable trust in which both my wife and I are trustees of it while we are alive and then it becomes irrevocable if something happens to both of us. Probably very similar t...
by rigoodma
Mon Mar 27, 2017 9:41 am
Forum: Personal Consumer Issues
Topic: Geico insurance rate increase: 26.24% APY?
Replies: 75
Views: 17920

Re: Geico insurance rate increase: 26.24% APY?

I had the same thing happen to me back in November with AllState. I didn't calculate the APR, but it was a decent increase where I called them on it. Their response was that GA ranked 3rd on the number of accidents or accidents per driver (something like that). And they said they were hitting the cu...
by rigoodma
Mon Feb 06, 2017 8:20 pm
Forum: Personal Investments
Topic: Roth vs Traditional 401k when maxing out
Replies: 44
Views: 3935

Re: Roth vs Traditional 401k when maxing out

Are you 100% sure you will invest the money in taxable? If you are, you will hear different things from different people. I personally invest in Roth to give me diversification in retirement, as no one knows what taxes will be years from now. And my company match goes to trad so my calculations show...
by rigoodma
Tue Jan 31, 2017 2:05 pm
Forum: Personal Investments
Topic: Merrill Lync 1099-B
Replies: 4
Views: 523

Re: Merrill Lync 1099-B

Update. I found the following on the account: The Touchstone Board of Trustees also approved, subject to shareholder approval, the reorganization of the Touchstone Capital Growth Fund into the Touchstone Large Cap Fund, expected to be completed on or about June 26, 2015. It was also conveyed that wh...
by rigoodma
Tue Jan 31, 2017 1:59 pm
Forum: Personal Investments
Topic: Merrill Lync 1099-B
Replies: 4
Views: 523

Re: Merrill Lync 1099-B

It appears to me that the statement "they exchanged the fund to a new fund on June 30th, 2015" is not quite correct. They may have changed to a new account, but not a new fund. It appears from the rest of your post that (forensically) there may have been two funds to begin with: One was sold for ca...
by rigoodma
Tue Jan 31, 2017 12:56 pm
Forum: Personal Investments
Topic: Merrill Lync 1099-B
Replies: 4
Views: 523

Merrill Lync 1099-B

All- Need some thoughts on a 1099-B I got from Merrill. My in-laws had an old account that they were custodians for my wife. When we got married, they moved that account into a separate account so she could do what she wanted with the money. Due to a reorg of the fund, they exchanged the fund to a n...
by rigoodma
Mon Jan 23, 2017 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: VGD 1099-R Issue
Replies: 3
Views: 488

Re: VGD 1099-R Issue

Mine has been like this every year with box 2b checked. When putting into turbotax, it does not take out additional taxes for my roth conversion
by rigoodma
Tue Jan 17, 2017 10:53 am
Forum: Personal Finance (Not Investing)
Topic: Inheritance and Trusts
Replies: 6
Views: 1385

Re: Inheritance and Trusts

Thanks afan.

This makes sense to me. I have already reached out to my attorney asking the questions and see what he comes back with. I was hoping it would be as simple as making the trust the secondary beneficiary, but it was not clear researching it online.
by rigoodma
Mon Jan 16, 2017 11:59 pm
Forum: Personal Finance (Not Investing)
Topic: Inheritance and Trusts
Replies: 6
Views: 1385

Re: Inheritance and Trusts

You have an attorney. Your questions are best answered by the attorney. If he/she is not an estate lawyer, you should consult one who is. One consideration you have not mentioned is a guardian for your child if you both should die. When my children were little, we set up a testamentary trust that n...
by rigoodma
Mon Jan 16, 2017 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: Inheritance and Trusts
Replies: 6
Views: 1385

Inheritance and Trusts

I am in the process of setting up a will. Details on me Self: 32, Wife: 29 State: GA Children: son, 16 months Currently, all my retirement, IRA, taxable, and life insurance have beneficiary as my wife and secondary as my son. In my will, I am looking to do two things. First, if something happens to ...
by rigoodma
Wed Sep 28, 2016 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: Margin Loan
Replies: 2
Views: 462

Margin Loan

Can you do a margin loan and use the cash for things other than to buy stock? Examples being home improvements, down purchase of new house, or anything else along that line outside the stock market? What are the pros and cons of doing this verse HELOC? Are interest rates lower normally on one verse ...
by rigoodma
Thu Jun 30, 2016 7:25 pm
Forum: Personal Investments
Topic: 401K and ESPP Investing
Replies: 17
Views: 1864

Re: 401K and ESPP Investing

I guess, having read the forums, that you know what most people will say here. I like a response about this I saw in the threads a long time ago from Meg77: Here's the general order of priorities, which can vary based on tax bracket, matches, and other details. 1. Max out 401k. Contributing the max...
by rigoodma
Thu Jun 30, 2016 7:22 pm
Forum: Personal Investments
Topic: 401K and ESPP Investing
Replies: 17
Views: 1864

Re: 401K and ESPP Investing

Bob's not my name wrote:ESPP isn't an investment, it's just a cash flow pipe, so I don't understand your question. Max out the ESPP for the guaranteed 17.6% return (90% annualized) and max your traditional 401k and then make direct Roth IRA contributions instead of back door.
Income is too high for direct roth ira.
by rigoodma
Thu Jun 30, 2016 7:20 pm
Forum: Personal Investments
Topic: 401K and ESPP Investing
Replies: 17
Views: 1864

Re: 401K and ESPP Investing

The ESPP is a great way to grow your income by a few thousand but once you have that income, you need to decide where you want that money to work for you -- retirement or non-retirement? +1 to this. ESPP is probably a 'use it or lose it every month' but 401k contribution need not be per month. How ...
by rigoodma
Thu Jun 30, 2016 3:35 pm
Forum: Personal Investments
Topic: 401K and ESPP Investing
Replies: 17
Views: 1864

401K and ESPP Investing

All- Have a question on 401K maxing vs ESPP investing. A little overview (using round numbers for simplicity): Age: 32 Annual Income: $200,000 (rounded for simplicity) Roth 401K Contribution: 6% ($12,000) Employer Match: 4.5% ($9,000) ESPP Contribution: 10% ($20,000) Back Door Roth: $5500 for me, $5...
by rigoodma
Thu May 26, 2016 10:16 am
Forum: Personal Investments
Topic: 401K Switching to Fidelity
Replies: 9
Views: 909

Re: 401K Switching to Fidelity

I cannot comment on ER on those, as the plan docs do not give all that detail yet. US Debt Index Fund T - follows Dow Jones U.S. Total Stock Market Index BlackRock Extended Equity Market − F - follows Wilshire 4500 index BlackRock US Equity Market Index − F - does not list a particular index There ...
by rigoodma
Thu May 26, 2016 9:39 am
Forum: Personal Investments
Topic: 401K Switching to Fidelity
Replies: 9
Views: 909

Re: 401K Switching to Fidelity

In your 401k what are the expense ratios on these funds, and the index tracked by each? US Debt Index Fund T BlackRock Extended Equity Market − F BlackRock US Equity Market Index − F In your 401k what is the expense ratio on this fund? Spartan® 500 Index Fund − Fidelity Advantage Class You might be...
by rigoodma
Thu May 26, 2016 9:19 am
Forum: Personal Investments
Topic: 401K Switching to Fidelity
Replies: 9
Views: 909

Re: 401K Switching to Fidelity

wanderer wrote:With access to a self-directed account in your 401(k) see these FIDO equivalents
https://www.bogleheads.org/wiki/Fidelity
Well, that was easy. Thanks, exactly what I was looking for.
by rigoodma
Thu May 26, 2016 8:46 am
Forum: Personal Investments
Topic: 401K Switching to Fidelity
Replies: 9
Views: 909

401K Switching to Fidelity

All- My company has decided to switch my 401K from JP Morgan to Fidelity. Currently with JP Morgan, I am using a self-directed 401K. I put everything in a S&P 500 fund for bi-weekly investments. Then move it to the self-directed account once a year, investing in the following: VTIAX (Total Internati...