Search found 3889 matches

by Lafder
Sat Dec 08, 2018 11:36 pm
Forum: Personal Consumer Issues
Topic: Helping in-laws with buy vs lease
Replies: 14
Views: 1027

Re: Helping in-laws with buy vs lease

Is there a Carmax near you? They have financing and warranty available. A very inexpensive car is cheap up front, but unknown as far as reliability and repair costs. If they are commuting to work daily.....compare uber costs to car payments, gas, repairs and insurance costs. Uber or Lyft really add ...
by Lafder
Fri Dec 07, 2018 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Buying house for cash, sellers requesting proof of assets
Replies: 23
Views: 4595

Re: Buying house for cash, sellers requesting proof of assets

Have Vanguard provide documentation that you have assets in excess of X dollars.

No need to share your total assets.

lafder
by Lafder
Sat Dec 01, 2018 11:43 pm
Forum: Personal Investments
Topic: My kid's retirement
Replies: 49
Views: 3519

Re: My kid's retirement

My accountant was not comfortable with a "kiddie IRA or Roth" without W2 income. Some posts here on BH that say cash income from odd jobs can be used for a kiddie IRA. But I did not want to change accountants to make it happen. If you have maxed your retirement accounts, and paid down debt, then inv...
by Lafder
Sat Dec 01, 2018 4:59 pm
Forum: Personal Consumer Issues
Topic: Mattress Reco
Replies: 21
Views: 1794

Re: Mattress Reco

The mattress industry telling you how long a mattress should last is like the diamond industry telling you to spend 3 month's salary on a ring. Some mattresses last more than 30 years, some are uncomfortable from day 1. I do not have specific advice..........I know several friends who have the kind ...
by Lafder
Sat Dec 01, 2018 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: Is Wells Fargo doing a bait and switch with mortgage rate?
Replies: 24
Views: 2294

Re: Is Wells Fargo doing a bait and switch with mortgage rate?

When I shopped for loans, jumbo loans were higher interest rates and to be avoided if possible for that reason.

Wow if they are lower rates than smaller mortgages now.

lafder
by Lafder
Sun Nov 25, 2018 4:19 pm
Forum: Personal Consumer Issues
Topic: water drips from bathroom vent
Replies: 10
Views: 1110

Re: water drips from bathroom vent

Sounds like a roof leak where the vent pipe exits the roof. I would hire a roofer to take a look at all roof penetrations and seal them.

If it was just condensation, it should have happened before and would be on the inside of the piping, not the ceiling around the vent.

lafder
by Lafder
Sun Nov 25, 2018 2:19 pm
Forum: Personal Investments
Topic: Lump Sum into a taxable account, with monthly withdrawals to pay down mortgage?
Replies: 12
Views: 1206

Re: Lump Sum into a taxable account, with monthly withdrawals to pay down mortgage?

You have a guaranteed return of over 4% if you pay down the mortgage. That is your only guarantee in this deal. Your mortgage balance is only going down if you pay it down. The market may or may not grow or crash, you may or may not move in the next decade. As long as your emergency fund is full, an...
by Lafder
Sat Nov 24, 2018 9:57 pm
Forum: Personal Finance (Not Investing)
Topic: Solo 401(k) and Separate Checking Account
Replies: 3
Views: 327

Re: Solo 401(k) and Separate Checking Account

I have just one business bank account and I make my solo401k contributions from it. I never heard of needing a separate account........
Lafder
by Lafder
Thu Nov 22, 2018 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Homeowners Insurance Claim-Experiences?
Replies: 22
Views: 2091

Re: Homeowners Insurance Claim-Experiences?

Our insurance adjuster came up with an estimate and cut us a check for half right away. The remediation company, Steamatic in our case, said the insurance estimate was ridiculously low and they negotiated with the insurance for a higher amount. There was something about needing to show receipts for ...
by Lafder
Wed Nov 21, 2018 9:52 am
Forum: Personal Investments
Topic: 6 month waiting period for 401k?
Replies: 5
Views: 626

Re: 6 month waiting period for 401k?

What about a Roth or back door Roth with the extra $ the first 6 months? Some employers cap the % of paycheck that can go to 401k. Does your employer allow a high enough % to max your 401k in 6 months? Hopefully yes. I used to be annoyed by the concept of an "emergency fund" since I consider all of ...
by Lafder
Sat Nov 17, 2018 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance Help - 80% Co-Insurance - Grandmother's Payout Amount?
Replies: 7
Views: 758

Re: Insurance Help - 80% Co-Insurance - Grandmother's Payout Amount?

I recently dealt with a claim due to water damage at my home. The terms were so confusing.................... The "depreciation" is an amount (in my case) that the insurance held back until the repairs or rebuild was completed. Basically, in case you just keep the money and do not rebuild, they do n...
by Lafder
Sat Nov 17, 2018 11:24 am
Forum: Personal Finance (Not Investing)
Topic: Incompetent home inspector - what to do?
Replies: 52
Views: 5266

Re: Incompetent home inspector - what to do?

I would fix the valid items listed on the inspection report then hire an inspector recommended by your realtor to do a whole house inspection not biased by the initial inspector's report. They may find additional items to repair. Fix those too, and then have your inspector come back and they will up...
by Lafder
Mon Nov 05, 2018 9:38 am
Forum: Personal Investments
Topic: Strategies for investing w/large annual capital gains
Replies: 8
Views: 1140

Re: Strategies for investing w/large annual capital gains

I would keep an amount "liquid" based on number of month's living expenses. Do you want a year of living expenses? 5 years ? That gives you a way to frame it as number of years you could live at current expenses without dipping into your deeper savings. I am a big fan of a simple 3 index fund portfo...
by Lafder
Mon Nov 05, 2018 9:27 am
Forum: Personal Investments
Topic: Simple IRA/SEP IRA/Solo 401k
Replies: 6
Views: 521

Re: Simple IRA/SEP IRA/Solo 401k

There is no minimum limit to solo401k contributions, so yes you can both open one and max them out with your reported self employment incomes. You can not make SEP and solo401k contributions for the same business income in any one year. But yes you can switch to a solo401k for the next year. If your...
by Lafder
Mon Nov 05, 2018 9:13 am
Forum: Personal Investments
Topic: Getting on track; Edward Jones & Vanguard advice
Replies: 31
Views: 3248

Re: Getting on track; Edward Jones & Vanguard advice

KISS, keep it short and simple, or keep it simple stupid, or....... It will be much easier to have all of your assets at Vanguard so you can look at your retirement account balance and asset allocation on one website. The easiest way to move money is to contact the place you want to pull it to, and ...
by Lafder
Sun Nov 04, 2018 3:43 pm
Forum: Personal Investments
Topic: How to handle individual 401k administration
Replies: 13
Views: 901

Re: How to handle individual 401k administration

What plan document compliance is needed? I filled out the forms to open the account, and save any paperwork in a file. Other than the 5500 form, what other compliance forms are needed? Fidelity keeps track of the contributions and whether they are employer/employee, and the year of contribution. laf...
by Lafder
Sun Nov 04, 2018 3:35 pm
Forum: Personal Investments
Topic: Help With Backdoor Roth
Replies: 18
Views: 1205

Re: Help With Backdoor Roth

I would convert her existing IRA to a Roth and just pay the income tax on it This allows you to do back door Roths for both of you every year you can afford to going forward. I believe the tax advantages of annual Roths for her outweighs the tax cost to convert her IRA this year. I would then do bac...
by Lafder
Sat Nov 03, 2018 10:08 pm
Forum: Personal Consumer Issues
Topic: Help...90-10, 80-10-10, HELOC?
Replies: 11
Views: 780

Re: Help...90-10, 80-10-10, HELOC?

We did an 80/10/10 on our prior house. The interest rate on the smaller loan was higher ,but we planned to pay it off faster and did. It was nice to not have PMI and not have to get it removed. It did not raise the interest rate on the primary loan to have the second loan on 10% But that was years a...
by Lafder
Sat Nov 03, 2018 9:48 pm
Forum: Personal Investments
Topic: How to handle individual 401k administration
Replies: 13
Views: 901

Re: How to handle individual 401k administration

The 5500 form is very easy to fill out.

If you can set up a solo401k, you can do the form!

lafder
by Lafder
Sat Nov 03, 2018 4:23 pm
Forum: Personal Consumer Issues
Topic: Credit card Surcharges
Replies: 41
Views: 1824

Re: Credit card Surcharges

Credit card companies charge about 3% /transaction. So if you pay by credit card, the shop loses about 3 % plus in fees. They are simply trying to cover their costs. Using a card is a choice. I see fees added for using a credit card in more and more situations such as paying my utilities by credit c...
by Lafder
Sat Nov 03, 2018 4:00 pm
Forum: Personal Investments
Topic: How to handle individual 401k administration
Replies: 13
Views: 901

Re: How to handle individual 401k administration

I use Fidelity. There is no fee. I do have to file the 5500 myself which takes less than 10 minutes including mailing it. Fidelity allows you to roll in other retirement accounts, Vanguard does not. And Fidelity has very low cost options for their solo 401k funds. You can likely read about it on the...
by Lafder
Sat Nov 03, 2018 10:07 am
Forum: Personal Investments
Topic: Get out of Morgan Stanley!
Replies: 22
Views: 2706

Re: Get out of Morgan Stanley!

If you cal Fidelity or Vanguard they will help you make a three way call to discover the least expensive way to transfer the assets. Sometimes it is least expensive to sell where it is and move cash. Sometimes it is least expensive to transfer in kind as the current holdings and liquidate to cash at...
by Lafder
Thu Nov 01, 2018 10:47 pm
Forum: Personal Investments
Topic: Panic set in... now what?
Replies: 63
Views: 11166

Re: Panic set in... now what?

What was your asset allocation before you panicked and went to all/mostly cash? What has you asset allocation been over the past decade ? Is there any asset allocation you would be comfortable with such as 50/50 or even 40/60 or 30/70 ? If you stay cash, you can optimize returns with CDs and money m...
by Lafder
Wed Oct 31, 2018 8:26 am
Forum: Investing - Theory, News & General
Topic: Limting Human Bias - 3 Fund VS Vanguard Target Life Strategy
Replies: 30
Views: 2297

Re: Limting Human Bias - 3 Fund VS Vanguard Target Life Strategy

Nit picky detail : the life strategy and target date funds both include international bonds, making them 4 fund portfolios ! SO it is a bit apples to oranges. I agree with your comments that human error due to emotional decisions is your biggest risk to reducing your returns. The brainpower at Vangu...
by Lafder
Wed Oct 31, 2018 8:11 am
Forum: Personal Investments
Topic: Backdoor Roth - did I mess this up?
Replies: 17
Views: 899

Re: Backdoor Roth - did I mess this up?

Move your rollover IRA to your new 401k. You can't have a solo401k unless you are self employed. If you are, it depends on the available funds. Get started as the 12/31 IRA balance is what matters. Hopefully you have some nice low cost options! Back door Roths require an advanced level of investment...
by Lafder
Tue Oct 30, 2018 9:02 pm
Forum: Non-US Investing
Topic: Critique my Investment Policy Statement
Replies: 9
Views: 1051

Re: Critique my Investment Policy Statement

REITS are in the total stock market, or so I have been told on this site. I don't read the prospectus' either :0

((I have tried a few times......couldn't get through it))

lafder
by Lafder
Tue Oct 30, 2018 12:05 am
Forum: Non-US Investing
Topic: Critique my Investment Policy Statement
Replies: 9
Views: 1051

Re: Critique my Investment Policy Statement

How awesome that you have found this site and made an IPS at age 25. WOW! I have 2 suggestions :) Consider a minimum 20% in bonds to buffer drops and have space to rebalance from. I would prefer less months of emergency fund in cash, and more bonds :) You can always withdrawal from a taxable account...
by Lafder
Mon Oct 29, 2018 11:52 pm
Forum: Personal Investments
Topic: Mega Backdoor: Cap on Distribution to Roth IRA?
Replies: 12
Views: 1002

Re: Mega Backdoor: Cap on Distribution to Roth IRA?

Mega back door Roth goes from a post tax 401k contribution to a Roth. The number of times per year you can make a transfer from post tax 401k to a Roth outside of the plan depends on the plan rules. My husband's plan allowed 4 out of plan distributions per year. Your plan may have a different limit....
by Lafder
Sun Oct 28, 2018 10:11 pm
Forum: Personal Investments
Topic: Another Fidelity Rollover question
Replies: 9
Views: 724

Re: Another Fidelity Rollover question

Can you list the options in the "old" and "new" 401k's just in case a fresh set of eyes can spot some low cost options :)

lafder
by Lafder
Sun Oct 28, 2018 10:04 pm
Forum: Personal Investments
Topic: Wish I would have found this website 10 years ago.....
Replies: 6
Views: 2016

Re: Wish I would have found this website 10 years ago.....

Welcome! Better late than never! desired 60/40 (currently at 70/30). ((reasonable as age down to age- (15-20) in bonds is recommended)) Specific questions are below. Emergency funds: 2 months ((Are you comfortable with only 2 months here? Ok if yes)) Debt: mortgage- $220,000 2.65% interest; car loan...
by Lafder
Sun Oct 28, 2018 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: What sort of financial planner do I need for an aging relative?
Replies: 9
Views: 1111

Re: What sort of financial planner do I need for an aging relative?

If you can buy them a home, but worry they won't pay taxes or insurance, then keep those bills in your name. What kind of financial planning have they used before? Would they be willing to make you POA ? Are there issues with competency and ability to understand the consequences of the spending deci...
by Lafder
Sun Oct 28, 2018 1:53 pm
Forum: Personal Investments
Topic: Asset Allocation - Roth IRA and Rollover IRA
Replies: 7
Views: 692

Re: Asset Allocation - Roth IRA and Rollover IRA

Vanguard Target Date Retirement funds are wonderful all in one funds made up of 4 subfunds in slightly different ratios depending on the date of the fund and how close to the target date. They are simple all in one funds that rebalance for you and add bonds with age. They are my favorite all in one ...
by Lafder
Sun Oct 28, 2018 9:07 am
Forum: Personal Investments
Topic: Recommendations for fee only Investment advisors/planner for in Silicon Valley
Replies: 6
Views: 655

Re: Recommendations for fee only Investment advisors/planner for in Silicon Valley

When you find a fee only advisor, it will be useful to have a plan to compare their recs to, and a place to post their recs for discussion, here :) Take the time to post your current holdings like this https://www.bogleheads.org/forum/viewtopic.php?f=1&t=6212 Look at your current asset allocation an...
by Lafder
Sun Oct 28, 2018 8:47 am
Forum: Personal Investments
Topic: Help me clean this up?
Replies: 1
Views: 369

Re: Help me clean this up?

You should come up with a desired AA so you know what you are aiming for. Otherwise...............you are never off from "whatever" Do you have an emergency fund in addition to your 20k cash in your taxable account? Your current AA is 95% stock, 5% cash. I added up your numbers to get Total holdings...
by Lafder
Sat Oct 27, 2018 10:04 am
Forum: Personal Investments
Topic: Help with My Account Transfer!
Replies: 10
Views: 745

Re: Help with My Account Transfer!

As mentioned, why not transfer most of the holdings in kind. That does not trigger capital gains taxes. Perhaps take the time to list all of your holdings like this to talk through what your final goal for your account is. https://www.bogleheads.org/forum/viewtopic.php?f=1&t=6212 You do not need per...
by Lafder
Thu Oct 25, 2018 9:09 am
Forum: Personal Investments
Topic: For those waiting for a 'correction' ...
Replies: 109
Views: 1236175

Re: For those waiting for a 'correction' ...

Every time I hear there is a market correction, and it looks like a big drop, I look at my AA to see if I "need" to rebalance. Again and again, I am not beyond a 5% rebalancing band. But I have moved from one end of it towards the other. Ouch to see the market go down by more than I have put in this...
by Lafder
Thu Oct 25, 2018 9:01 am
Forum: Personal Investments
Topic: Asset allocation, starting business soon
Replies: 8
Views: 775

Re: Asset allocation, starting business soon

At age 35, I was at 80/20, 30% International. Your International is between the recommended 0-50%

So I would say your AA is reasonable. :)

How is the business venture going?

lafder
by Lafder
Wed Oct 24, 2018 8:04 am
Forum: Personal Finance (Not Investing)
Topic: Mega Backdoor vs Backdoor Roth IRA
Replies: 11
Views: 1616

Re: Mega Backdoor vs Backdoor Roth IRA

The only difference I can think of between the same 5500$ in a mega back door Roth vs back door Roth, is if you can get an employer match on the mega back door! In both cases, the final "Roth" is indistinguishable once you go through the steps to get the money there :) I used the same Roth account t...
by Lafder
Tue Oct 23, 2018 10:00 am
Forum: Personal Investments
Topic: Mega backdoor roth with traditional IRA
Replies: 9
Views: 646

Re: Mega backdoor roth with traditional IRA

To clarify, the IRA balance the IRS considers is what it is on 12/31 of the year in question. SO having the money in the IRA during the year is ok. Just get it into your current 401k before the end of the year. Do it now so you don't forget :)
lafder
by Lafder
Tue Oct 23, 2018 9:54 am
Forum: Personal Investments
Topic: Advice on Transferring Assets to Vanguard
Replies: 6
Views: 562

Re: Advice on Transferring Assets to Vanguard

I would talk with Vanguard on the phone and they can get Ameriprise on the phone so you can both hear the costs of liquidating all cash and moving that vs moving in kind what you can and cashing what you cant. VG can tell you the costs on their end for selling once it gets to them. The time out of t...
by Lafder
Tue Oct 23, 2018 9:46 am
Forum: Personal Investments
Topic: Trying to Catch up quick, starting at 40!
Replies: 2
Views: 528

Re: Trying to Catch up quick, starting at 40!

Greater than 100k in savings at age 40 is better than most Americans! There is a rec for age in bonds down to age -(15-20). So 10% bonds is a bit light. But not unreasonable. Bonds buffer drops more than they slow down gains. You are choosing an excellent low cost 3 fund portfolio. I find your choic...
by Lafder
Mon Oct 22, 2018 10:22 pm
Forum: Personal Investments
Topic: Berkshire A Paper stock certificate
Replies: 14
Views: 1605

Re: Berkshire A Paper stock certificate

Great point on cost basis. I am unclear who is getting the proceeds from the sale.
lafder
by Lafder
Mon Oct 22, 2018 10:21 pm
Forum: Personal Investments
Topic: Solo 401K contributions year of death
Replies: 6
Views: 632

Re: Solo 401K contributions year of death

I am so glad! I hope he is ok and gets to enjoy the gravy!
lafder
by Lafder
Mon Oct 22, 2018 10:12 pm
Forum: Personal Finance (Not Investing)
Topic: Mega Backdoor vs Backdoor Roth IRA
Replies: 11
Views: 1616

Re: Mega Backdoor vs Backdoor Roth IRA

Yup my mistake, I meant to just say back door Roth and fixed it above.

Assume you will some day be able to max the mega back door, and back door so only move the old 401k once if you move it at all.

lafder
by Lafder
Sun Oct 21, 2018 11:01 pm
Forum: Personal Finance (Not Investing)
Topic: Mega Backdoor vs Backdoor Roth IRA
Replies: 11
Views: 1616

Re: Mega Backdoor vs Backdoor Roth IRA

Can you leave the old 401k where it is, if expenses are low enough ? Otherwise I would roll it into your new 401k, if expenses are lower there. Even if you can not max both this year. maybe you will be able to in the future. You need a zero IRA balance at the end of the year to do a (edited out my e...
by Lafder
Sun Oct 21, 2018 2:27 pm
Forum: Personal Investments
Topic: Berkshire A Paper stock certificate
Replies: 14
Views: 1605

Re: Berkshire A Paper stock certificate

Supposedly the owner has dementia or severe medical issues and the son with the same name has POA.

lafder
by Lafder
Sun Oct 21, 2018 12:39 pm
Forum: Personal Investments
Topic: Berkshire A Paper stock certificate
Replies: 14
Views: 1605

Re: Berkshire A Paper stock certificate

If the original paper stock, I have no idea if it was a bearer certificate (Thanks for that term I was unfamiliar with), had the name of a person such as John Smith. And they were found by the son also named John Smith. Would the son be able to cash them, assuming they are valid paper shares that ha...
by Lafder
Sun Oct 21, 2018 12:32 pm
Forum: Personal Investments
Topic: My Edward Jones IRA is out performing my Vanguard 401K
Replies: 76
Views: 10450

Re: My Edward Jones IRA is out performing my Vanguard 401K

Cashedout, The Vanguard Target Date Retirement funds are decent low cost all on one mutual funds that rebalance for you and increase their % bonds over the years. They are a convenient invest and forget fund to hold. Especially if you do not want to do any rebalancing yourself. They are funds made u...
by Lafder
Sun Oct 21, 2018 12:14 pm
Forum: Personal Investments
Topic: Berkshire A Paper stock certificate
Replies: 14
Views: 1605

Berkshire A Paper stock certificate

Do paper stock certificates for Berkshire A still exist that are valid? Is there any identifying information about who owns the stock on the paper? Or is ownership based on possession? I am trying to decide if someone is telling me the truth about finding stock certificates and trying to cash them i...
by Lafder
Wed Oct 17, 2018 9:00 am
Forum: Personal Investments
Topic: International Fund Down - What to do?
Replies: 36
Views: 2420

Re: International Fund Down - What to do?

List your desired asset allocation stocks/bonds and % International. You should have this in WRITING somewhere so you don't change it on the spot during market fluctuations. What is your rebalancing band ? My need to rebalance is only if my AA gets out of balance by more than 5% My goal is 65/35, 35...