Search found 47 matches

by passivestream
Thu Aug 30, 2018 9:06 am
Forum: Personal Finance (Not Investing)
Topic: Buying into an S Corp with my IRA that i work for?
Replies: 4
Views: 427

Re: Buying into an S Corp with my IRA that i work for?

What if the corporation converted to an LLC... Would that then be possible to hold in my IRA?
by passivestream
Sun Aug 26, 2018 5:29 pm
Forum: Personal Finance (Not Investing)
Topic: Buying into an S Corp with my IRA that i work for?
Replies: 4
Views: 427

Buying into an S Corp with my IRA that i work for?

I have been an Employee of a business for over 13 years. I am in a sales role and have built my client base large enough where I am being provided with an opportunity to purchase some ownership - minority shares 3-5%. I currently have no ownership. All the math and purchase price are good. The compa...
by passivestream
Wed Mar 21, 2018 7:30 am
Forum: Personal Consumer Issues
Topic: Drink package on Royal Caribbean, worth it?
Replies: 73
Views: 8423

Re: Drink package on Royal Caribbean, worth it?

Just returned from a 7 day RC cruise where we purchased the drink package for the first time. We aren't big drinkers, but it worked out well for us. Some of our key decision makers were: -We bought the package early online with a 30% discount. -We had three at sea days, one day on their private beac...
by passivestream
Fri Mar 09, 2018 11:06 am
Forum: Investing - Help with Personal Investments
Topic: Comparing Fidelity Investments to Index
Replies: 18
Views: 1506

Re: Comparing Fidelity Investments to Index

Yes I agree its almost impossible. Just trying to provide some black and white numbers to backup my thoughts. Asset Allocation now is: 54% Domestic Equity, 19% international, 24% Bond and 3% Cash. so I just put together a basic portfolio of: FSTMX equity fidelity total stock market 54% FEMKX interna...
by passivestream
Fri Mar 09, 2018 10:37 am
Forum: Investing - Help with Personal Investments
Topic: Comparing Fidelity Investments to Index
Replies: 18
Views: 1506

Comparing Fidelity Investments to Index

With Mom and Dad's request, starting the process of helping them to leave their fee based advisor to a basic index fund portfolio to save the AUM fee and simplify their investments. All investments are with Fidelity and advisor has them with 30 different funds which is excessive. in some years the t...
by passivestream
Wed Jan 31, 2018 10:49 am
Forum: Personal Finance (Not Investing)
Topic: Help! Insurance company wants new roof after closing!
Replies: 20
Views: 4632

Re: Help! Insurance company wants new roof after closing!

Licensed Insurance Agent here... Unfortunately this is the norm these days. Insurance companies are inspecting almost every home they write a new policy on. They wont pay the expense to pre inspect, so it is always going to be after everything is already signed and in place. The most common recommen...
by passivestream
Thu Sep 07, 2017 2:35 pm
Forum: Personal Consumer Issues
Topic: Encompass Insurance?
Replies: 2
Views: 420

Re: Encompass Insurance?

Good Company, Owned by Allstate but only available through independent agents. I wouldn't have any concern about them. I have worked with them for 10 years.
by passivestream
Mon Aug 28, 2017 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Chubb vs PURE insurance
Replies: 3
Views: 1297

Re: Chubb vs PURE insurance

Licensed Insurance Agent who works with both companies. There is no commission difference between PURE and Chubb, so don't take that into account. Chubb has set the standard and continues to be an excellent company. PURE has shown up over the last several years trying to go after Chubb, especially p...
by passivestream
Thu Jul 13, 2017 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: Do you count vehicle equity in net worth?
Replies: 203
Views: 15020

Re: Do you count vehicle equity in net worth?

Absolutely I include them. I'm spending $30K on a vehicle replacement in a month, should my net worth show a drop by $30K just because I purchased a vehicle ? As others mentioned, what if I had a loan on the vehicle, showing a liability without a correlating asset makes no sense.
by passivestream
Tue May 30, 2017 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella Insurance options
Replies: 33
Views: 4576

Re: Umbrella Insurance options

Umbrella premiums are calculated by charging a base rate (determined by the insurance company) and then additional premium charges for higher exposures - Additional Vehicles, Other Properties, Youthful Drivers, Rental Houses, etc. If your agent is telling you that you are declined because of your dr...
by passivestream
Thu Jan 12, 2017 1:57 pm
Forum: Personal Consumer Issues
Topic: Insurance company "outdoor steps need a railing"
Replies: 56
Views: 12239

Re: Insurance company "outdoor steps need a railing"

Licensed Insurance Agent here located in GA. Every homeowners policy we write today gets a physical inspection. Previously only houses over $1million or $500K would get a physical inspection and appraisal done but it is now happening on basically every home. Insurance companies are making sure they ...
by passivestream
Wed Aug 03, 2016 8:48 am
Forum: Personal Finance (Not Investing)
Topic: Problem setting up Quicken for Fidelity Visa Elan
Replies: 13
Views: 5151

Re: Problem setting up Quicken for Fidelity Visa Elan

I had the same problem. Recently when Fidelity merged the two accounts that helped a little. Last time I logged in Quicken identified the new account on it's own and asked me if I wanted to merge it with the old or setup a new account. I merged it and all the new data showed up. I haven't updated it...
by passivestream
Fri Mar 18, 2016 2:11 pm
Forum: Personal Finance (Not Investing)
Topic: Turning a Bogle eye on auto insurance for first time
Replies: 28
Views: 4856

Re: Turning a Bogle eye on auto insurance for first time

Thanks for this insight into Cincinnati's behavior. It can be hard to find clear reviews of smaller insurance companies. As an independent agent, how do you figure out what BI limit to recommend a client shop for? I always recommend higher limits as I am risk adverse, probably similar to most of yo...
by passivestream
Wed Mar 16, 2016 10:43 am
Forum: Personal Finance (Not Investing)
Topic: Turning a Bogle eye on auto insurance for first time
Replies: 28
Views: 4856

Re: Turning a Bogle eye on auto insurance for first time

Cincinnati is an excellent company especially when it comes to paying claims. Umbrella pricing is based off an insurances companies pure premium plus a surcharge for each ratable (Home, Rental House, Auto, Boat, and Youthful drivers.) A single house two car with no youthfuls should stay under $200 o...
by passivestream
Mon Jan 25, 2016 1:59 pm
Forum: Local Chapters and Bogleheads Community
Topic: Metro Atlanta Bogleheads Local Chapter
Replies: 66
Views: 14547

Re: Metro Atlanta Bogleheads?

I would like to attend as well. I live North of the City - Woodstock.
by passivestream
Fri Dec 18, 2015 11:07 am
Forum: Personal Finance (Not Investing)
Topic: I feel like I'm being duped on business insurance
Replies: 10
Views: 988

Re: I feel like I'm being duped on business insurance

$3million in coverage for Cyber sounds like a reasonable limit based off your size. The cost of a breach can be endless. The averages per individual to notify averages $150-$400, it depends on what all your state requires. Additionally there are lots of other costs associated with a cyber breach. A ...
by passivestream
Thu Sep 24, 2015 8:21 am
Forum: Personal Finance (Not Investing)
Topic: Home is no longer occupied. Should we tell homeowners insurance company?
Replies: 32
Views: 3797

Re: Home is no longer occupied. Should we tell homeowners insurance company?

They can't cancel it immediately. In most states they would have to give at least 45 days before they can cancel the policy. Just call them and ask them about next steps. If they recommend a vacant policy, then shop around. If you are with foremost you are most likely with an independent agent who c...
by passivestream
Wed Sep 23, 2015 8:55 am
Forum: Personal Finance (Not Investing)
Topic: Home is no longer occupied. Should we tell homeowners insurance company?
Replies: 32
Views: 3797

Re: Home is no longer occupied. Should we tell homeowners insurance company?

You need to notify the insurance company but if you can you need to do it tactfully. Read the vacancy clause and be sure you are able to break the cycle and then call the insurance company. For example if the vacancy clause is 30 days You need to have someone spending a night or two there every 30 d...
by passivestream
Wed Sep 23, 2015 8:29 am
Forum: Personal Finance (Not Investing)
Topic: Home is no longer occupied. Should we tell homeowners insurance company?
Replies: 32
Views: 3797

Re: Home is no longer occupied. Should we tell homeowners insurance company?

Notify your insurance company or you risk a claim not being paid. All Insurance policies have vacancy clauses that typically range from 30-60 days. When a home is considered vacant you lose coverage for some perils. The most common perils would be vandalism, and sometimes fire. You are risking a big...
by passivestream
Thu Jul 02, 2015 10:47 am
Forum: Personal Finance (Not Investing)
Topic: Life insurance/Social Security Widow Benefit
Replies: 10
Views: 2386

Life insurance/Social Security Widow Benefit

Did anyone make the decision to reduce life insurance based on the availability of Social Security Widow and dependent Children benefit? Wife and I both have Term insurance 20-30 year terms, debt free and saving 30+% of our income each year. Wife is a stay at home mom so her life policy is $250K , I...
by passivestream
Mon Mar 23, 2015 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: Georgia Retirement Income Exclusion
Replies: 22
Views: 6335

Re: Georgia Retirement Income Exclusion

But wouldn't the exclusion apply only to State taxes and you would still be on the hook for Federal Taxes ? If so, it seems like a Roth would still make sense for most, right ? No, it would actually favor Trad. Don't forget Roth is funded with post tax dollars. I looked at the GA Doc and understand...
by passivestream
Mon Mar 23, 2015 9:12 am
Forum: Personal Finance (Not Investing)
Topic: Georgia Retirement Income Exclusion
Replies: 22
Views: 6335

Re: Georgia Retirement Income Exclusion

But wouldn't the exclusion apply only to State taxes and you would still be on the hook for Federal Taxes ?

If so, it seems like a Roth would still make sense for most, right ?
by passivestream
Fri Mar 20, 2015 9:46 am
Forum: Investing - Help with Personal Investments
Topic: Taxable investing "schedule"
Replies: 12
Views: 1215

Re: Taxable investing "schedule"

We are very similar to Spedward. I have a small auto draft from checking to Taxable in the form of cash on the 15th and then at the end of the month I sweep my excess cash into taxable and get my checking account back to the normal balance. The only difference is that I let the cash build up and inv...
by passivestream
Tue Feb 24, 2015 8:48 am
Forum: Personal Finance (Not Investing)
Topic: How much did you have saved up for retirement at age 30?
Replies: 173
Views: 23151

Re: How much did you have saved up for retirement at age 30?

Around $190,000, Married couple, including a paid off primary residence.
by passivestream
Fri Feb 06, 2015 10:18 am
Forum: Personal Finance (Not Investing)
Topic: Social Security File and Suspend Clarification
Replies: 1
Views: 412

Social Security File and Suspend Clarification

Trying to help the in-laws file for social security. Mother in law is almost 64, Father in law is almost 67. Our Thought: Father in law will file and suspend, Mother in law will file for spousal benefit at 64. Both let their benefits grow until age 70 and then father in law can claim his benefit, an...
by passivestream
Tue Jan 27, 2015 4:25 pm
Forum: Investing - Help with Personal Investments
Topic: nearing retirement: where to invest funds?
Replies: 3
Views: 903

Re: nearing retirement: where to invest funds?

Agreed... Stick as much into tax deferred vehicles as possible. You have plenty of safety net available.
by passivestream
Thu Jan 08, 2015 11:44 am
Forum: Personal Consumer Issues
Topic: Hi deductible,If water damage,Inform insurance?
Replies: 2
Views: 666

Re: Hi deductible,If water damage,Inform insurance?

Of course turning in a claim to either policy would depend on the extent of the damage. However which policy depends on which state you live in and what legislation there is to support condo and master policies working together. Lastly it depends on which appliance... Gotta love insurance, seems lik...
by passivestream
Tue Dec 02, 2014 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: UGMA/UTMA Strategy
Replies: 15
Views: 2016

UGMA/UTMA Strategy

Grandpa is opening an UTMA for my 10 month old son to start putting a little money in each year. Parents are already maxing out 529's for the state deduction each year and anticipate having assets to pay for school. My question is related to taxes. Since the first $1000 of earnings is tax free and t...
by passivestream
Thu Sep 18, 2014 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: Home Insurance Policy Declaration Questions
Replies: 11
Views: 1527

Re: Home Insurance Policy Declaration Questions

Coverage A - Dwelling - The cost to rebuild your home from top to bottom. Coverage B - Other Structures - This is an automatic percentage of Coverage A , provides coverage for sheds, Arbors, Patios, Docks at a Lake House and sometimes pools. Coverage C - Contents - Everything inside that isn't perma...
by passivestream
Thu May 30, 2013 9:35 am
Forum: Personal Finance (Not Investing)
Topic: Financial Power Of Attorney
Replies: 13
Views: 1045

Re: Financial Power Of Attorney

Thanks for all of the replies.

I did misspeak about the "All assets" being held joint. I have a 401K and we both have Roth IRA's. I checked out legalzoom and it is cheap. Better to have it, than need it and not be prepared.

Thanks for the feedback.
by passivestream
Wed May 29, 2013 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Power Of Attorney
Replies: 13
Views: 1045

Financial Power Of Attorney

I am a 29 year old married guy with no kids. My wife and I have been getting organized with our finances and all other areas of our life. I was encouraged to get a financial power of attorney for my wife and I. We already have wills, living wills and medical powers of attorney but I just don't see w...
by passivestream
Tue Apr 23, 2013 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: Homeower's Policy Rate Increase
Replies: 22
Views: 1854

Re: Homeower's Policy Rate Increase

I am an independent Insurance Agent in Georgia. Rates are absolutly increasing for property insurance because of claims over the last 3-5 years. Majority of insurance companies have loss ratios of 115-135% meaning they are losing money on every dollar of premium they write. However percentage increa...
by passivestream
Wed Feb 06, 2013 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: "medical payment to others" vs "liability" for home owners
Replies: 7
Views: 7860

Re: "medical payment to others" vs "liability" for home owne

Medical payments are a kind of good faith coverage. It keeps the injured person from having to sue you in order to get money for medical bills. For homeowner's this is used if someone slips and falls or a kid breaks a bone at your house. For auto insurance this is for other passengers. There are typ...
by passivestream
Sun Nov 11, 2012 9:55 pm
Forum: Investing - Theory, News & General
Topic: Does an annuity ever make sense ?
Replies: 38
Views: 3791

Re: Does an annuity ever make sense ?

Thanks so much for all the replies. Larry - that is one of your books that I have not read yet - I will be picking it up tomorrow. Yam the bomb - I appreciate your insight. That is very helpful. I do have a question though - Do you think you would still be investing even if you didn't sell these pro...
by passivestream
Sun Nov 11, 2012 7:29 pm
Forum: Investing - Theory, News & General
Topic: Does an annuity ever make sense ?
Replies: 38
Views: 3791

Does an annuity ever make sense ?

I have been converted to boglehead ways for a few years now. I am a young accumulator and therefore have never been interested in checking out annuities. I have always had the feeling that annuities never made sense because of the commissions and high fees. However as my parents and in laws get clos...
by passivestream
Fri Nov 09, 2012 8:21 am
Forum: Investing - Help with Personal Investments
Topic: Moves to Reduce Estate before year end...
Replies: 17
Views: 1626

Re: Moves to Reduce Estate before year end...

Thanks for all the responses - This is all very helpful. I do not believe they have an AB Trust and I wasn't aware that the "Portability" between the couples was automatic. Tenessee does have a state estate tax currently set with a $1million exemption. It goes up to $1.2 in 2013 and $2million in 201...
by passivestream
Thu Nov 08, 2012 11:39 am
Forum: Investing - Help with Personal Investments
Topic: Moves to Reduce Estate before year end...
Replies: 17
Views: 1626

Moves to Reduce Estate before year end...

I have learned a lot form all of you over the past few years and I truly appreciate the help. This forum is a true blessing and a wealth of knowledge. I am helping my parents with my grandparents estate and would love some feedback from the forum. My grandparents are: Him - 94, and Her - 91 - They a...
by passivestream
Sun Oct 30, 2011 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: Allstate insurance
Replies: 9
Views: 842

Re: Allstate insurance

Allstate is having to increase premiums pretty substantial to make up for losses in claims. In Georgia they got approved for a 25% rate increase in 2011 and 2012. If you have great credit, find a local independent agent and let them shop the market for you.
by passivestream
Thu Aug 18, 2011 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Anyone buy a new car recently? Paperwork comment/question.
Replies: 37
Views: 6353

We purchased a car for cash two weeks ago. Had to do all the same stuff as everyone else is reffering to. We both have our credit frozen and we had to unfreeze Transunion for both of us. I told the sales guy I didn't want to unfreeze all three and had him tell me which company they would pull from.
by passivestream
Wed Aug 03, 2011 9:27 am
Forum: Personal Finance (Not Investing)
Topic: How much umbrella insurance is enough?
Replies: 86
Views: 30466

I work in insurance and we reccomend two times networth. It's the cheapest insurance you can every buy from a liability perspective.
by passivestream
Fri Jul 08, 2011 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: Have you ever lost money via identity theft or hacking?
Replies: 24
Views: 2919

It happened to me in January of this year. I was banking with BAC at the time and I had two checking accounts, a credit card and a mortgage with them. I checked on my credit card statment on a saturday morning and there was a $400 charge to Barnes and Noble and a Pending Charge to Best Buy. I immedi...
by passivestream
Sun Sep 26, 2010 4:27 pm
Forum: Personal Consumer Issues
Topic: The bed bug problem
Replies: 31
Views: 5698

My wife and I had a bed bug problem in one of our first apartments. We lived in a pretty nice apartment complex, but our neighbors apparently had way too many people living in their place. Their apartment was infested and they came over to ours. We never had them start living in our mattress or any ...
by passivestream
Sun Sep 13, 2009 2:29 pm
Forum: Investing - Help with Personal Investments
Topic: Quicken Users - Do You Increase Home Values?
Replies: 16
Views: 4454

Quicken Users - Do You Increase Home Values?

For Those of you that use Quicken, do you ever increase/decrease the value of your home, and if so, what do go by ? I ask because we purchased our first home in December of last year. Based on the market and our situation we were able to purchase the home at about 30% below value. When I put my info...
by passivestream
Fri Jun 05, 2009 9:42 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Suggestions ?
Replies: 2
Views: 1304

Portfolio Suggestions ?

25 years old/ Wife 24 Married filing jointly Federal 25%, State GA 6% Debt: Mortgage 5% 29.5 years left $135,000 Asset Allocation 80/20 International 20% ? Emergency Funds - Have them. Holdings: His Roth - Fidelity FFFFX - Fidelity Freedom Fund 2040 24.92% of Total Exp.78 AIG - 1.58% Her Roth BAC - ...
by passivestream
Thu Jul 10, 2008 11:40 am
Forum: Investing - Help with Personal Investments
Topic: First Post - Closing Merrill Lynch Taxable account ?
Replies: 2
Views: 1377

Thanks

I have edited my original post with the requested information. As for the CSTGX Fund, My original investment was $426 and current value is 3447. No clue how it grew so much. This was invested for me when I was young, around 10 or so. I am just going by what my statement says.

Thanks
by passivestream
Thu Jul 10, 2008 7:50 am
Forum: Investing - Help with Personal Investments
Topic: First Post - Closing Merrill Lynch Taxable account ?
Replies: 2
Views: 1377

First Post - Closing Merrill Lynch Taxable account ?

Edited: Suggestions ? 24 years old/ Wife 23 Married filing jointly Federal 25%, State GA 5% ? Asset Allocation 85/15 International 20% ? Emergency Funds - Have them. Holdings: Taxable - Merrill Lynch BAC – Bank Of America 4.4% of portfolio Unrealized loss 47.77% (Bought 2 months ago) TRV – Travelers...