Search found 194 matches

by Slick8503
Tue Dec 23, 2014 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: Taking mortgage to contribute more to Roth
Replies: 23
Views: 3050

Re: Taking mortgage to contribute more to Roth

6 months ago I had a first mortgage, on a home I recently sold, that was not much different then the one I might be taking out. It wasn't seen as odd to many on this board not to pay that mortgage ahead, and instead direct those funds to taxable, etc. But since I've sold that property and used cash ...
by Slick8503
Tue Dec 23, 2014 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: Taking mortgage to contribute more to Roth
Replies: 23
Views: 3050

Re: Taking mortgage to contribute more to Roth

I'm not sure if I am explaining my Roth plan very well. I am not proposing a normal "backdoor Roth". What I am talking about is making after tax contributions to my 401k and then transferring that money to my Vanguard Roth. Effectively making my annual Roth contribution maximum much higher than the ...
by Slick8503
Tue Dec 23, 2014 10:27 am
Forum: Personal Finance (Not Investing)
Topic: Taking mortgage to contribute more to Roth
Replies: 23
Views: 3050

Re: Taking mortgage to contribute more to Roth

Have been quoted %3.375 for 30 years with ~5200 in points and closing from Penfed. We are in 25% tax bracket. Just to add more detail
by Slick8503
Tue Dec 23, 2014 10:21 am
Forum: Personal Finance (Not Investing)
Topic: Taking mortgage to contribute more to Roth
Replies: 23
Views: 3050

Re: Taking mortgage to contribute more to Roth

I will not deny that buying farmland is the ultimate goal. Sorry if you thought I was trying to disguise that. That is if an opportunity becomes available.(No sure thing) But is there not value in being able to contribute after tax to my 401k and convert to Roth, as opposed to simply throwing the co...
by Slick8503
Mon Dec 22, 2014 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: Taking mortgage to contribute more to Roth
Replies: 23
Views: 3050

Taking mortgage to contribute more to Roth

This year my wife and I have been in the process of completely remodeling a house, and have done it with all cash(except 50K 401k loan). I estimate the house to be worth in the neighborhood of 150-180k. We moved in this week. I would like the board's opinion on whether it would be prudent to take ou...
by Slick8503
Tue Sep 30, 2014 11:34 am
Forum: Personal Consumer Issues
Topic: house odor after crawlspace encapsulation
Replies: 66
Views: 22790

Re: house odor after crawlspace encapsulation

As long as a crawl space is well drained, (Foundation sloping away, drain tile around the perimeter) enclosing is the best/most efficient option. It is not debatable according to energy.gov
by Slick8503
Fri Dec 13, 2013 2:31 pm
Forum: Local Chapters and Bogleheads Community
Topic: Louisville, Ky. chapter
Replies: 36
Views: 4118

Re: Louisville, Ky. chapter

Sounds great. Basketball "discussion" is a given.ha
by Slick8503
Fri Dec 13, 2013 8:35 am
Forum: Local Chapters and Bogleheads Community
Topic: Louisville, Ky. chapter
Replies: 36
Views: 4118

Re: Louisville, Ky. chapter

Can a Hoosier be included? I would be interested. I live just across the river from Louisville.
by Slick8503
Mon Nov 18, 2013 1:46 pm
Forum: Personal Consumer Issues
Topic: Tractor for my 12 Acre Horse Farm
Replies: 28
Views: 12273

Re: Tractor for my 12 Acre Horse Farm

Go try all different colors. ASFAIK all the big "American" Brands (Deere, Massey, CIH, NH) utility size tractors are made in Europe. With 12 acres making your own hay will never pencil out. I'm not saying don't do it, because there are other things to consider besides absolute cost, but if cost savi...
by Slick8503
Tue Oct 15, 2013 6:39 am
Forum: Investing - Theory, News & General
Topic: When Bogleheads tell you it's different this time
Replies: 49
Views: 6045

Re: When Bogleheads tell you it's different this time

Where is Nisiprius with a perfect chart showing how much less risky bonds are than stocks? THEY ARE NOT THE SAME. Sure they could lose to inflation over a period of 50 years but they are NOT going to lose 50% of their value in a matter of months like your stock holdings can. If you aren't comfortabl...
by Slick8503
Wed Oct 09, 2013 10:34 am
Forum: Investing - Theory, News & General
Topic: William Bernstein: the paradox of wealth
Replies: 83
Views: 20299

Re: William Bernstein: the paradox of wealth

What about throwing out the highest peak(90's tech bubble) and the lowest valley? (great depression?)
by Slick8503
Mon Aug 12, 2013 10:08 am
Forum: Personal Consumer Issues
Topic: How do you order your steak?
Replies: 76
Views: 6126

Re: How do you order your steak?

I had to stop ordering steaks out because no one will cook it enough. I can't stand any pink in my steak. I hate when people tell me that the steak is "ruined" if I cook it the way I like it. they don't have my taste buds or my squeamishness at the thought of the germs that could be present in poor...
by Slick8503
Wed May 08, 2013 6:27 am
Forum: Personal Finance (Not Investing)
Topic: Pay off debt versus saving for down payment
Replies: 11
Views: 1479

Re: Pay off debt versus saving for down payment

I wouldn't want 30k in bonds/savings in a 70k portfolio if I had 40k in student loans @ 4.8%. If you are holding TBM or other intermediate term bond fund, there is around a 3% interest rate difference between the two. I understand you are probably handcuffed by the tax advantage of the 401k, but may...
by Slick8503
Tue Feb 19, 2013 9:46 am
Forum: Investing - Theory, News & General
Topic: just a thought on asset allocation (real estate)
Replies: 12
Views: 1628

Re: just a thought on asset allocation (real estate)

It makes sense to me that there definitely were, and maybe still are, some places where an individual could buy some distressed properties, and take advantage of some slightly "inefficient" markets, but I agree with dbr, about REIT's. I know in my area the amount of deeply discounted foreclosures ar...
by Slick8503
Tue Feb 19, 2013 9:39 am
Forum: Investing - Help with Personal Investments
Topic: Switching to Value Tilt
Replies: 8
Views: 830

Re: Switching to Value Tilt

35% large cap value plus 5% small cap value is not something we see very often. Typically we see total market with a value slant with a ratio of 3 or 4 TSM to 1 unit of small cap value. Is your 401k highly limited on investment choices? No, my 401k has a brokeragelink option that I can, basically, ...
by Slick8503
Tue Feb 19, 2013 9:37 am
Forum: Investing - Help with Personal Investments
Topic: Switching to Value Tilt
Replies: 8
Views: 830

Re: Switching to Value Tilt

An alternative would be to exchange your midcap & smallcap funds for small value. That would be a more conventional approach (at least for this board). The problem I see with your proposed setup is that you will end up with very large concentration in stocks in the financials sector, both large and...
by Slick8503
Tue Feb 19, 2013 9:27 am
Forum: Investing - Help with Personal Investments
Topic: Switching to Value Tilt
Replies: 8
Views: 830

Re: Switching to Value Tilt

Thanks for the responses. Going 50/50 international is something I'm comfortable with personally. I've read arguments from both sides previously, and am still ok with it, but maybe I should look into it a little further. As far as replacing my mid/small with small value... IWD which is the large val...
by Slick8503
Mon Feb 18, 2013 10:44 pm
Forum: Investing - Help with Personal Investments
Topic: Switching to Value Tilt
Replies: 8
Views: 830

Re: Switching to Value Tilt

Nobody has any thoughts about using a value tilt without a small tilt in this situation?
by Slick8503
Fri Feb 15, 2013 11:02 am
Forum: Investing - Help with Personal Investments
Topic: Switching to Value Tilt
Replies: 8
Views: 830

Switching to Value Tilt

Want to gather opinions about a potential change to a value tilt in my portfolio... Current Portfolio/Stats: Age: 27 Single AA Target: 80/20ish Currently 80/17 Debt: 85K 30 yr @ 3.3 and 85K 15yr @ 3.5 farmland loan Emergency fund is part of bond/savings portion of portfolio in rewards checking. Port...
by Slick8503
Mon Jan 28, 2013 7:59 am
Forum: Investing - Help with Personal Investments
Topic: Farmland as an investment
Replies: 39
Views: 5007

Re: Farmland as an investment

If you buy 13k a acre land you better plan on making your living off it, not renting it out. The money in farming right now, is in farming. We are coming off our third record profit year in a row. Considering we had one of the lowest yields in my lifetime last year that's saying something. We are k...
by Slick8503
Fri Jan 18, 2013 11:05 am
Forum: Investing - Help with Personal Investments
Topic: In-Service Withdrawal to Roth Or Alternative
Replies: 2
Views: 304

Re: In-Service Withdrawal to Roth Or Alternative

Thanks for that explanation. That helps. So does my plan to spend down my taxable funds and contribute as much as possible through in service withdrawal roth conversion seem sound? Any reason not to? Any suggestions on whether to keep the taxable stock funds with small cap gains, versus spending dow...
by Slick8503
Thu Jan 17, 2013 6:01 pm
Forum: Investing - Help with Personal Investments
Topic: In-Service Withdrawal to Roth Or Alternative
Replies: 2
Views: 304

In-Service Withdrawal to Roth Or Alternative

Hopefully you all can straighten me out. After reading the after tax in-service withdrawal Roth conversion threads, and confirming with my company that this is an option for me, I'm interested in taking the plunge. However, I do have a few questions... How much bonus "return" does the tax advantage ...
by Slick8503
Tue Nov 13, 2012 1:37 pm
Forum: Personal Consumer Issues
Topic: LED lightbulbs
Replies: 212
Views: 24006

Re: LED lightbulbs

One thing on dimming CFL's and shortening life. I've read you should never dim below the 10% level as that drastically reduces lifespan. Also, dimmer switch numbering is not the same from dimmer switch to dimmer switch.(what is 10% from one manufacturer, isn't 10% from another).
by Slick8503
Thu Nov 08, 2012 8:48 am
Forum: Personal Finance (Not Investing)
Topic: Contract Chicken Growing
Replies: 51
Views: 4599

Re: Contract Chicken Growing

My fiance is getting the ag degree. Maybe the organic thing is worth checking into. How people can justify the price difference is crazy to me, but to each their own. The broilers grown in these houses are as organic as the ones grown in an open lot. They aren't medicated except on the rare occasion...
by Slick8503
Thu Nov 08, 2012 7:39 am
Forum: Personal Finance (Not Investing)
Topic: Contract Chicken Growing
Replies: 51
Views: 4599

Re: Contract Chicken Growing

I will definitely take your advice and talk with more growers. I have a contact from an ag related web forum that is in the business, and he has offered to give me a tour of their area(he is about an hour and a half south). The same integrator is in this area, along with a few others, so thats a plu...
by Slick8503
Wed Nov 07, 2012 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: Contract Chicken Growing
Replies: 51
Views: 4599

Re: Contract Chicken Growing

Yes. You are paid on a per pound basis, but it doesn't have a thing to do with the price of chicken. It is set in stone when you sign the contract.
by Slick8503
Wed Nov 07, 2012 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: Contract Chicken Growing
Replies: 51
Views: 4599

Re: Contract Chicken Growing

10 years. The loan payments are in the 70-75k a year range. Houses can last for 30 years or so. They will more than likely require substantial upgrades after several years, however. Nothing close to the initial cost, though.
by Slick8503
Wed Nov 07, 2012 12:34 pm
Forum: Personal Finance (Not Investing)
Topic: Contract Chicken Growing
Replies: 51
Views: 4599

Re: Contract Chicken Growing

I cannot stress this enough. The company supplies the birds AND feed. Your inputs are the utilities/labor and that is all. My only concern about the profit margin of the company is whether or not they stay viable enough to make good on their contract with me. Well, and the possibility of reducing fr...
by Slick8503
Wed Nov 07, 2012 9:59 am
Forum: Personal Finance (Not Investing)
Topic: Contract Chicken Growing
Replies: 51
Views: 4599

Re: Contract Chicken Growing

I really appreciate all the discussion. I am taking it to heart, and respect this community. Being creative/visionary is not one of my strong suits. I do realize there is more profit potential in niche and value added markets, I'm just not sure where to start. It's not much different than starting y...
by Slick8503
Wed Nov 07, 2012 8:18 am
Forum: Personal Finance (Not Investing)
Topic: Contract Chicken Growing
Replies: 51
Views: 4599

Re: Contract Chicken Growing

Forgot another concern... As far as being satisfied with the work, from what I've seen from the houses I've visited and read, I will like it. There are lots of small details that add. Not unlike Boglehead investing. :)
by Slick8503
Wed Nov 07, 2012 8:09 am
Forum: Personal Finance (Not Investing)
Topic: Contract Chicken Growing
Replies: 51
Views: 4599

Re: Contract Chicken Growing

Where I live there are a lot of chicken farmers. They are not happy at all with Tyson Foods. Tyson controls everything and the farmers have a big investment, work long hard hours and make very little money. All the big companies are pretty much the same. I would not do it. You might want to click o...
by Slick8503
Tue Nov 06, 2012 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: Contract Chicken Growing
Replies: 51
Views: 4599

Re: Contract Chicken Growing

Responses in Italics I have no idea, but I'd like to make 3 points: 1) How is being contracted to just one integrator any different than being having a job with one employer? That's a good way to look at it. The advantage of having multiple integrators close by is that you have a little leverage if ...
by Slick8503
Tue Nov 06, 2012 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: Contract Chicken Growing
Replies: 51
Views: 4599

Re: Contract Chicken Growing

Fiance' is 22

Will go ahead and post balance sheet, since I'm sure some will inquire.
Assets:

401k - 135k
Roth - 35k
Taxable - 25k
Checking - 22k
HSA - 3k
Cash Balance Pension - 23k
Farmground - 125k
House - 125k
2 Trucks - 20k

Debt:

Farmland - (86k)
House - (84k)

353k
by Slick8503
Tue Nov 06, 2012 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: Contract Chicken Growing
Replies: 51
Views: 4599

Contract Chicken Growing

Hi All, I'm in the process of entering into an agreement with a large vertically integrated meat producer to grow broiler chickens. I would like the Bogleheads opinion on this matter. This could get kinda lenghty so bear with me... A little rundown of my situation. I work for a large utility company...
by Slick8503
Wed Oct 03, 2012 6:02 am
Forum: Investing - Help with Personal Investments
Topic: What would you do - $450K in farm land
Replies: 28
Views: 3254

Re: What would you do - $450K in farm land

Rents are substantially higher than they were in 07. Why would Maryland publish Iowa rental rates?
by Slick8503
Tue Oct 02, 2012 2:11 pm
Forum: Investing - Help with Personal Investments
Topic: What would you do - $450K in farm land
Replies: 28
Views: 3254

Re: What would you do - $450K in farm land

I missed the 60 acre tillable detail. I figured it was a 40. I'm betting it's in Southern Iowa.
by Slick8503
Tue Oct 02, 2012 1:06 pm
Forum: Investing - Help with Personal Investments
Topic: What would you do - $450K in farm land
Replies: 28
Views: 3254

Re: What would you do - $450K in farm land

No matter if she's getting fair market value or not, she shouldn't have such a high % of her portfolio in farmland. A good option would be sell whatever portion of the land that would bring the % of farmland as NW down to around 25%. I realize the small size of the parcel makes this impractical.
by Slick8503
Tue Oct 02, 2012 11:10 am
Forum: Investing - Help with Personal Investments
Topic: What would you do - $450K in farm land
Replies: 28
Views: 3254

Re: What would you do - $450K in farm land

If there's no emotional attachment, then I can't think of a better time to sell it. Sounds like the farm makes up a rather large portion of her NW, so I think it would be prudent to sell and add some diversification into other investments from the proceeds. Maybe the current tenant will have some in...
by Slick8503
Tue Oct 02, 2012 6:09 am
Forum: Investing - Help with Personal Investments
Topic: What would you do - $450K in farm land
Replies: 28
Views: 3254

Re: What would you do - $450K in farm land

What are you getting the average farm rent #'s from? Where is the farm located?
by Slick8503
Fri Aug 24, 2012 2:28 pm
Forum: Investing - Help with Personal Investments
Topic: 21 Year Old With Good Amount of Savings Seeking Advice
Replies: 11
Views: 2438

Re: 21 Year Old With Good Amount of Savings Seeking Advice

Echoing what other posters have said, max tax advantaged space. One thing I think would work well for you would be a rewards checking account. You have to jump through a few hoops(minium # of debit swipes ect.) but I make 3% up to 15000. I'm sure there are even better deals than that if you shop aro...
by Slick8503
Thu Aug 23, 2012 6:11 am
Forum: Personal Finance (Not Investing)
Topic: current best cash back credit card?
Replies: 55
Views: 11106

Re: current best cash back credit card?

Also, the Penfed 5% gas/3%groceries card has a $250 bonus if you spend a relatively modest(can't remember exact) amount in the first three months. That's really what swayed me to choose it over the standard 5% card and go through the hassle of the gift cards.
by Slick8503
Wed Aug 22, 2012 2:03 pm
Forum: Personal Finance (Not Investing)
Topic: First Solo Credit Card
Replies: 9
Views: 1512

Re: First Solo Credit Card

This is all good information. Thanks. I think she is going to sign up for Credit Kharma to see about where she stands. Does anyone know how much and when student loans start making an impact on your score? Does it not start until payments start coming due(after graduation)? She has made a few lump s...
by Slick8503
Wed Aug 22, 2012 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: First Solo Credit Card
Replies: 9
Views: 1512

Re: First Solo Credit Card

Thanks for your reply Jimmy. I will look into both of those. Maybe i should google "student rewards credit card"? Her biggest expense is gas, so a card that offers extra cash back for that would be perfect.
by Slick8503
Wed Aug 22, 2012 11:10 am
Forum: Personal Finance (Not Investing)
Topic: First Solo Credit Card
Replies: 9
Views: 1512

First Solo Credit Card

Hi all, My fiance' is still in college and would like to open her own credit card account. When she first enrolled a few years ago she was denied(I would imagine for no history) a card of her own, but her parents cosigned a card for her which she still uses. Since, she has also taken out a small stu...
by Slick8503
Wed Aug 15, 2012 10:32 am
Forum: Investing - Help with Personal Investments
Topic: Pay off car?
Replies: 13
Views: 1221

Re: Pay off car?

Why do you think it makes more sense to payoff the car at 0% than it does to put that 16000$ towards your student loans at 5.5%? Other than cashflow, which doesn't seem to be a problem for you, this is a no-brainer.
by Slick8503
Thu Aug 02, 2012 1:52 pm
Forum: Investing - Theory, News & General
Topic: Harry Browne Permanent Portfolio Discussion (Cont'd)
Replies: 607
Views: 147174

Re: Harry Browne Permanent Portfolio Discussion (Cont'd)

Welp, that would be bad. That is the risk of a high equity %. I'm willing to accept it right now, since I have a very long time horizon. One thing I would say, however is that I don't invest more than half of my equity percentage in one country. That is not to say that it's impossible for the whole ...
by Slick8503
Tue Jul 31, 2012 1:13 pm
Forum: Investing - Theory, News & General
Topic: Harry Browne Permanent Portfolio Discussion (Cont'd)
Replies: 607
Views: 147174

Re: Harry Browne Permanent Portfolio Discussion (Cont'd)

Point well taken MediumTex. I guess it boils down to one's goals. In my perfect investing world, the equity markets will go on a tear here in about 5 years or so, and then when I am older and starting to scale down my equity percentage i can start implementing a portfolio such as this.
by Slick8503
Tue Jul 31, 2012 10:22 am
Forum: Investing - Theory, News & General
Topic: Harry Browne Permanent Portfolio Discussion (Cont'd)
Replies: 607
Views: 147174

Re: Harry Browne Permanent Portfolio Discussion (Cont'd)

Maybe after it underperforms a relatively high stock(80/20) to bond portfolio for a number of years? That's what I'm thinking. That's been the best time to implement it before. I love the elegance of it, but record high gold, and record high bond prices, is scary. Just seems to me that if someone(my...
by Slick8503
Thu Jul 26, 2012 2:35 pm
Forum: Investing - Theory, News & General
Topic: This is why you diversify
Replies: 173
Views: 17351

Re: THIS is why you diversify

I find myself really trying hard to get on board with the 3F SV tilt. Probably due mostly to my desire to tinker. I still have some reservations, however. Jerry, you are presenting the 3F model as a "free lunch", while I've read that Larry Swedroe says that is not the case. Would you care to elabora...
by Slick8503
Thu Jul 19, 2012 11:27 am
Forum: Personal Finance (Not Investing)
Topic: Help i have saved about 65,000 in the last three years
Replies: 25
Views: 5455

Re: Help i have saved about 65,000 in the last three years

New diesel pickup(if that's what OP wants/needs) will run around 40K+.