Search found 129 matches

by exodusNH
Thu Apr 15, 2021 9:58 am
Forum: Personal Investments
Topic: sell all rental homes in one year or stager them yearly
Replies: 21
Views: 1654

Re: sell all rental homes in one year or stager them yearly

Assuming that you've taken the depreciation deductions, watch out for depreciation recapture. You might want to talk with a tax person.
by exodusNH
Fri Feb 19, 2021 4:27 pm
Forum: Personal Investments
Topic: 401K future contributions to bond or stable value fund?
Replies: 14
Views: 1181

Re: 401K future contributions to bond or stable value fund?

Thank you, all! The rate resets quarterly. They likely announce it, but not in a way that's obvious. I can download the plan docs whenever I want. I'll have to check if they restrict "sale" of the SVF. I don't think that they do. A couple of years ago, I had asked if it made sense to contr...
by exodusNH
Fri Feb 19, 2021 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: Unrecognized charge from COLOADTEST.com
Replies: 49
Views: 8180

Re: Unrecognized charge from COLOADTEST.com

I'm not an expert in CC but don't they need to know the security code to successfully charge cards? The security code is only used in "card not present (CNP)" also known as "mail order / telephone order (MOTO)" transactions. It is never required to successfully charge a card. Ho...
by exodusNH
Wed Feb 17, 2021 9:15 pm
Forum: Personal Investments
Topic: 401K future contributions to bond or stable value fund?
Replies: 14
Views: 1181

401K future contributions to bond or stable value fund?

Hello everyone, I'll be 47 this year. I figure I have 20 years to retirement. I'm about 75/25 across all of my accounts. The 401K represents about 83% of my investments and is about 80%/20%. Another 3% is in Roth IRAs. 8% is in taxable, and the remainder is a whole life policy (cash value). (Yes, I ...
by exodusNH
Thu Feb 04, 2021 10:36 am
Forum: Personal Investments
Topic: How to convert a 401(k) account to an IRA account at Fidelity?
Replies: 23
Views: 1355

Re: How to convert a 401(k) account to an IRA account at Fidelity?

My son lost his job at a company with his 401(k) with Fidelity. He can create an IRA account at Fidelity, where he has his Roth account and taxable account. I am interested in knowing the precise steps to convert his 401(k) to his IRA account at Fidelity. My questions are that: An IRA will get in t...
by exodusNH
Fri Jan 29, 2021 5:10 pm
Forum: Personal Finance (Not Investing)
Topic: LenderFi: Who did they sell your mortgage to?
Replies: 54
Views: 5053

Re: LenderFi: Who did they sell your mortgage to?

Can I ask when this was? I just spoke to an LO from LenderFi who told me directly that they do not sell to Mr. Cooper. But I am seeing here from your post and others that they do. Makes me lose a little bit of trust. Out of curiosity, why does it bother you? It's not like they can change the terms ...
by exodusNH
Fri Jan 29, 2021 3:39 pm
Forum: Personal Investments
Topic: VBTLX BONDS
Replies: 3
Views: 455

Re: VBTLX BONDS

2. Is the purpose of bonds in a portfolio, to be sold when there's a dip so you can buy more of your stocks at a discount? They give you both recurring income as well as offer a (relatively speaking) stable source of money, either to rebalance when stocks drop, or to sell directly if you're in reti...
by exodusNH
Fri Jan 29, 2021 3:26 pm
Forum: Personal Investments
Topic: If you need another reason NOT to time the market
Replies: 58
Views: 5267

Re: If you need another reason NOT to time the market

CobraKai wrote: Fri Jan 29, 2021 2:01 pm Done
Lump sum
I figure that's how I went out so that's how I will go back in.
Congratulations! We all know that was a tough decision -- your anguish was palpable in your posts.
by exodusNH
Fri Jan 29, 2021 10:28 am
Forum: Personal Investments
Topic: If you need another reason NOT to time the market
Replies: 58
Views: 5267

Re: If you need another reason NOT to time the market

I will admit that I am concerned about inflation and the printing of trillions of dollars being pumped into the system. "Printing/pumping money" doesn't mean what most people think it means. Your everyday loan literally creates money out of nothing. https://www.youtube.com/watch?v=K3lP3Bh...
by exodusNH
Fri Jan 29, 2021 9:52 am
Forum: Personal Investments
Topic: If you need another reason NOT to time the market
Replies: 58
Views: 5267

Re: If you need another reason NOT to time the market

Now I need to do something to correct that mistake but am pondering the last question in the original post. Mathematically, lump summing is in your favor. (You can, of course, find exceptions to that.) Remember, choosing to do nothing is still making a choice. If you ultimately know you want to get...
by exodusNH
Fri Jan 29, 2021 9:46 am
Forum: Personal Finance (Not Investing)
Topic: will being in high credit card debt hurt my credit score or have other negative impact?
Replies: 20
Views: 1291

Re: will being in high credit card debt hurt my credit score or have other negative impact?

if you are paying usury rates (25%-30% APR) on debt you are carrying , the insurance increase is the last of your problems. dont deal with symptom, instead address the root cause (high interest debt that is pulling you down the spiral). No argument regarding the rates, but people find themselves in...
by exodusNH
Fri Jan 29, 2021 8:56 am
Forum: Personal Finance (Not Investing)
Topic: Car Spending Advice
Replies: 104
Views: 6911

Re: Car Spending Advice

DW and I are 39 and 37. We are both professionals with W-2s. HH income has ranged 500-550k/yr and this year we may break 600k (unlikely to be repeated for a while). Our NW just hit 4mm. We live in an 800k home in a MCOL area. We have lived pretty modestly the past several years and kept debt low. W...
by exodusNH
Thu Jan 28, 2021 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: will being in high credit card debt hurt my credit score or have other negative impact?
Replies: 20
Views: 1291

Re: will being in high credit card debt hurt my credit score or have other negative impact?

Yes, if you have a low credit score it will affect your ability to borrow money (maybe it should be a sign someone shouldn't be borrowing money). The other items are all very minor impacts if at all - state dependent and company dependent. And promotion impact due to credit score? That's a new one ...
by exodusNH
Thu Jan 28, 2021 4:56 pm
Forum: Personal Investments
Topic: Help in how can I invest a settlement money!?
Replies: 22
Views: 1842

Re: Help in how can I invest a settlement money!?

My question is how can I do the investment. What are the steps to do this, the sequence or order in opening each one. Can we Open the Brokerage account first with 176k in 1 to 3 index funds and then from there pull out the annual contribution for the Roth IRA annually? Or do we have to do the oppos...
by exodusNH
Thu Jan 28, 2021 4:46 pm
Forum: Personal Investments
Topic: Help in how can I invest a settlement money!?
Replies: 22
Views: 1842

Re: Help in how can I invest a settlement money!?

ExitStageLeft wrote: Thu Jan 28, 2021 3:35 pm 2) Contribute $6,500 in a Roth IRA for 2020, and $6,500 in a Roth IRA for 2021.
It's either $6,000 or $7,000 (>=50 years).
by exodusNH
Thu Jan 28, 2021 4:42 pm
Forum: Personal Investments
Topic: Mom would like to gift $200k ($100K per child) now
Replies: 56
Views: 8737

Re: Mom would like to gift $200k ($100K per child) now

You should probably read up on the gift tax. See wiki page: https://www.bogleheads.org/wiki/Gift_tax If she drops it down to $15,000 per kid per year, things will be simpler. Regards, I just learned in a separate thread that the gift tax is really only an issue if your estate exceeds the limit -- ~...
by exodusNH
Thu Jan 28, 2021 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: will being in high credit card debt hurt my credit score or have other negative impact?
Replies: 20
Views: 1291

Re: will being in high credit card debt hurt my credit score or have other negative impact?

Why do you care about your credit score? Unfortunately, your credit score can have all sorts of knock-on effects completely unrelated to getting a loan. For example, your auto / home / renter's insurance can increase. An employer might not hire you or you might not get the promotion you were expect...
by exodusNH
Thu Jan 28, 2021 4:17 pm
Forum: Investing - Theory, News & General
Topic: VTI vs VTSAX
Replies: 5
Views: 629

Re: VTI vs VTSAX

A few years ago, some inherited assets came into my Vanguard account. Since then I've had both VTSAX as well as VTI. It never occurred to me until now that maybe I should convert the VTSAX to VTI just for account simplification. And maybe if I move assets out of Vanguard it will be better to move t...
by exodusNH
Thu Jan 28, 2021 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: Downsizing from big to small house -- down payment questions
Replies: 24
Views: 1973

Re: Downsizing from big to small house -- down payment questions

I'm in the middle of the same situation and decided to use a 401k loan for the down payment. Money was transferred into my checking account within a few days, and repayments are automatically taken from my paychecks. My plan is to repay the loan in full once my older house sells. The risk is that h...
by exodusNH
Thu Jan 28, 2021 2:47 pm
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 4570
Views: 230216

Re: [GameStop GME trading mega-thread]

You could argue there are free speech considerations. Freedom of speech only applies to government restrictions. Private entities are not held to the same restrictions. (Hence, why this forum is perfectly within its rights to delete posts that don't follow the rules. As my father is wont to say -- ...
by exodusNH
Thu Jan 28, 2021 1:52 pm
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 4570
Views: 230216

Re: How is this even remotely close to legal

Robinhood, along with several other brokerages, has suspended buying new shares of GME, BB, AMC, and a few other hot stocks. They will however allow you to close out your position. So for the time being only selling is allowed. Isn't this the most flagrant example of market manipulation ever? I bet...
by exodusNH
Thu Jan 28, 2021 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: will being in high credit card debt hurt my credit score or have other negative impact?
Replies: 20
Views: 1291

Re: will being in high credit card debt hurt my credit score or have other negative impact?

Unfortunately I am about to owe thousands of dollars on a credit card bill and currently I do not have the cash to pay it all off on time. If I pay the minimum balance each month but I do not pay off the remainder that will leave me with a high credit card debt at high interest rate. While that wou...
by exodusNH
Thu Jan 28, 2021 11:29 am
Forum: Personal Finance (Not Investing)
Topic: When to buy a new car vs. repair existing car
Replies: 36
Views: 2501

Re: When to buy a new car vs. repair existing car

What is a good rule of thumb to follow to decide whether to buy a new car vs repair an existing car. I've heard that if the repair exceeds the value of the car, it's not worth it. Or if the cost of the repair is a certain % of the value of the car, then it's not worth it. But let's say your existin...
by exodusNH
Thu Jan 28, 2021 11:11 am
Forum: Personal Finance (Not Investing)
Topic: Downsizing from big to small house -- down payment questions
Replies: 24
Views: 1973

Re: Downsizing from big to small house -- down payment questions

Just wanted to add that we applied for a HELOC loan as a backup emergency plan to paying for a home remodeling project in cash. From the day we applied, it took probably close to two months before we were actually approved for the HELOC loan. It required us to provide a lot of paperwork, waiting fo...
by exodusNH
Thu Jan 28, 2021 10:42 am
Forum: Personal Finance (Not Investing)
Topic: Gift and estate tax confusion
Replies: 38
Views: 2231

Re: Gift and estate tax confusion

increment wrote: Thu Jan 28, 2021 8:32 am It is the taxpayer's responsibility to keep records (and justify returns to the IRS), although when your estate files its tax returns you will be dead and will not suffer any personal consequences.
:D
by exodusNH
Wed Jan 27, 2021 8:04 pm
Forum: Personal Investments
Topic: Todays Market..
Replies: 59
Views: 6857

Re: Todays Market..

Greetings Bogleheads. Is anyone taking advantage of todays market going down by buying more shares? I decided to buy more into one of my Vanguard index funds. Of course, who knows what will happen tomorrow. :sharebeer I buy some every week, but had about $900 in my settlement fund that I just put i...
by exodusNH
Wed Jan 27, 2021 7:08 pm
Forum: Personal Investments
Topic: Which accounts for assets to retire home mortgage?
Replies: 6
Views: 495

Re: Which accounts for assets to retire home mortgage?

1. Partial pay-off of loan balance (Not preferred) You may want to check to see if your mortgage company would recast the mortgage after a large pre-payment. This will immediately lower your monthly payments instead of simply reducing the total interest paid and shortening the repayment period. On ...
by exodusNH
Tue Jan 26, 2021 4:11 pm
Forum: Personal Investments
Topic: 401K allocations
Replies: 8
Views: 534

Re: 401K allocations

In lieu of bonds, I would attack every debt there is, with vengeance. Reducing debt is the same as adding to a bond allocation. That includes student loans, car loans, mortgage loans, etc. ANY kind of debt. What you were previously allocating to bonds (20% of your contributions) should be redirecte...
by exodusNH
Tue Jan 26, 2021 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: Whom should we approach for pre-approval?
Replies: 6
Views: 461

Re: Whom should we approach for pre-approval?

We started home buying process. We think it might that months OR even years based on what we are seeing and our budget. Talked to an agent, and he gave us a reference of local lender for pre-approval. Wells Fargo is our primary banker. From what I read, when you put an offer, they consider you a se...
by exodusNH
Tue Jan 26, 2021 1:22 pm
Forum: Personal Investments
Topic: $6k into Newport Group 401(k) vs. Roth IRA - Are We Making a Mistake?
Replies: 2
Views: 213

Re: $6k into Newport Group 401(k) vs. Roth IRA - Are We Making a Mistake?

Hi all, My girlfriend is starting to invest and has the option for a 401(k) with Newport Group (has Vanguard funds) with 0.25% monthly company match on gross income. She's in her 20s with a ~$65,000 gross income and no debt. The company match comes out to ~$135 a month, or $1625 a year, and the acc...
by exodusNH
Tue Jan 26, 2021 12:29 pm
Forum: Personal Investments
Topic: Help! Locked out of Vanguard account and impossible to reach a contact center rep
Replies: 49
Views: 3890

Re: Help! Locked out of Vanguard account and impossible to reach a contact center rep

Here's the quandary I face. I recently moved to Asia and will be here for the next three months (wife and I are expecting our second child any moment now), and suspended my US phone # while I'm abroad. I've been using a Google Voice number while I'm out here, but stupidly didn't think to change my ...
by exodusNH
Tue Jan 26, 2021 11:28 am
Forum: Personal Investments
Topic: why are the share prices different for ETF vs. Admiral Shares
Replies: 10
Views: 589

Re: why are the share prices different for ETF vs. Admiral Shares

Thanks both for your replies. I am not trying to pick a fund based on share price, but I am confused as to why these two would have different share prices. They seem to be treated as if they are the same thing from Vanguard, just different vehicles to purchase that same thing. So I didn't know if t...
by exodusNH
Tue Jan 26, 2021 10:49 am
Forum: Personal Finance (Not Investing)
Topic: How to get a bigger mortgage with lower income
Replies: 17
Views: 1745

Re: How to get a bigger mortgage with lower income

Shes limited to 15k per year before it starts eating into her estate tax exemption that shes not going to exceed anyway. She will not have to pay any additional taxes, she will only need to file a form to document the gift to the IRS. AHA! That's the piece that I was missing. The IRS FAQs leave tha...
by exodusNH
Tue Jan 26, 2021 10:13 am
Forum: Personal Finance (Not Investing)
Topic: How to get a bigger mortgage with lower income
Replies: 17
Views: 1745

Re: How to get a bigger mortgage with lower income

sailaway wrote: Tue Jan 26, 2021 9:55 am If the mother's estate is only $1M, then gift tax isn't an issue.
I'm not a tax specialist, but my understanding is that she's limited to $15,000 per person per year. Any amount over that triggers the gift tax. We're not talking about her estate.
by exodusNH
Tue Jan 26, 2021 9:39 am
Forum: Personal Finance (Not Investing)
Topic: How to get a bigger mortgage with lower income
Replies: 17
Views: 1745

Re: How to get a bigger mortgage with lower income

It seems like your best bet is to have your mother give you $300,000 to add to your down payment. While you may be sure of your ability to service a $900k mortgage on a salary of $125-$150k, the bank is going to (understandably) balk at that. It's 6x-7x your salary. She'd be on the hook for the gif...
by exodusNH
Mon Jan 25, 2021 11:08 am
Forum: Personal Consumer Issues
Topic: Transitioning from AT&T to MVNO (Mint Mobile?) - Please Critique This Plan
Replies: 107
Views: 5076

Re: Transitioning from AT&T to MVNO (Mint Mobile?) - Please Critique This Plan

Mint Mobile's pricing is hard to beat. If T-Mobile's coverage works well for you, then Mint should be good. MVNOs can be subject to "de-prioritization", where you get lower priority than their higher-paying customers, but I haven't really noticed it with Mint. This varies by area, time, a...
by exodusNH
Mon Jan 25, 2021 10:50 am
Forum: Personal Consumer Issues
Topic: Mazda CX 5 For Tall Guy (6 2)
Replies: 21
Views: 1739

Re: Mazda CX 5 For Tall Guy (6 2)

Any tall people out there have any quibbles over driver side roominess in the Mazda CX 5? I don't want to go the dealer and get a never ending string of phone calls--just yet. All the best I have a 2019 CX 5. I'm about 6'. My primary complaint with the seat is that the bottom is not quite long enou...
by exodusNH
Thu Jan 21, 2021 5:47 pm
Forum: Forum Issues and Administration
Topic: Why not add a "like" button to Boglehead posts?
Replies: 327
Views: 47379

Re: Use of like, dislike icon on posts

livesoft wrote: Thu Jan 21, 2021 5:39 pm These like/dislikes are a well-known problem in social media like this forum. People start to make posts just to gather more likes and followers. I do not think it belongs here.
:thumbsup
by exodusNH
Thu Jan 21, 2021 9:29 am
Forum: Personal Finance (Not Investing)
Topic: Paying Off Auto Loan Early
Replies: 18
Views: 1148

Re: Paying Off Auto Loan Early

The best advice I've received thus far. Thanks so much. I will follow this plan. Two questions: 1. I'm shooting for a $15k EF. That should be about 5 to 6 months of expenses. Sound okay? 2. What does KWIM mean? 1. "Should" -- you need to know what your predictable expenses are (food, gas,...
by exodusNH
Wed Jan 20, 2021 6:22 pm
Forum: Personal Investments
Topic: Postal Service and Vanguard
Replies: 21
Views: 1477

Re: Postal Service and Vanguard

It was the paperwork to open an account, no rush necessarily, but 2 weeks? Have not had issues with USPS. USPS has been having problems. My real estate tax check, mailed on 29-Dec was not received 7-Jan. We received a Christmas card mailed on 18-Dec the last week in December. When I called the tax ...
by exodusNH
Wed Jan 20, 2021 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: Shopping around for umbrella insurance
Replies: 10
Views: 793

Re: Shopping around for umbrella insurance

I'm doing some annual financial planning and at the top of my list is securing umbrella insurance for >$25M in net worth. Has anyone done much due diligence around providers and determined the best set of options? Would be great to limit my quote-gathering from just a few of the most highly-regarde...
by exodusNH
Tue Jan 19, 2021 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: Phone Scammer: "Read Letter Out Loud"???
Replies: 27
Views: 3546

Re: Phone Scammer: "Read Letter Out Loud"???

My policy is to simply never answer the phone when it comes from someone not in my address book. If it is legit, they'll leave a message and I'll call them back. This is my policy as well. I never answer phone calls from unknown numbers. My VM on my cell phone, for many years now, is "Hi, this...
by exodusNH
Tue Jan 19, 2021 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: Paychex charging exorbitant fees including double fees
Replies: 7
Views: 1029

Re: Paychex charging exorbitant fees including double fees

I don't have numbers, but we switched off of Paychex a long time ago. We currently use Paylocity and local 401k advisor that has us on the Empower platform. Thanks! Was fees the main reason that prompted you to switch Paychex? It was also partially service related. We went to a local payroll compan...
by exodusNH
Tue Jan 19, 2021 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: Paychex charging exorbitant fees including double fees
Replies: 7
Views: 1029

Re: Paychex charging exorbitant fees including double fees

I don't have numbers, but we switched off of Paychex a long time ago.

We currently use Paylocity and local 401k advisor that has us on the Empower platform.
by exodusNH
Mon Jan 18, 2021 11:39 am
Forum: Investing - Theory, News & General
Topic: Likelihood of 70s style inflation
Replies: 112
Views: 8946

Re: Likelihood of 70s style inflation

Many states have higher minimum wages. The state minimum wage in our state (WA) is $13.69. In certain areas, that's a lot more livable. And even in states without a minimum wage, e.g. NH, which then sets the floor at the federal level, very few jobs -- even "mcjobs" pay minimum. All of th...
by exodusNH
Mon Jan 18, 2021 10:33 am
Forum: Personal Finance (Not Investing)
Topic: PIP on Auto Ins - Necessary?
Replies: 15
Views: 1096

Re: PIP on Auto Ins - Necessary?

You may wish to examine your regular medical insurance's rules, too. Such companies are obsessive about determining whether a medical charge resulted from an auto event, since they hope to shift the cost to PIP. At the end of 2019, I sliced through my thumbnail with a mandoline. (It shifted weird w...
by exodusNH
Mon Jan 18, 2021 9:43 am
Forum: Investing - Theory, News & General
Topic: Final considerations before passing away
Replies: 14
Views: 3870

Re: Final considerations before passing away

If she has filed a will before, make sure that it matches what she expects and that it doesn't conflict with any of the listed beneficiaries -- this will save you a hassle when it comes to probate. By "listed beneficiaries" do you mean beneficiaries on accounts? Depending on the person's ...
by exodusNH
Fri Jan 15, 2021 5:03 pm
Forum: Personal Investments
Topic: Tesla Stock. Need Help? Update
Replies: 59
Views: 5575

Re: Tesla Stock. Need Help? Update

Update: Jan 15, 2021: I ended up holding the stock and my retirement portfolio has multiplied by five. I'm having a hard time dumping the stock. Since my last post, the stock has split and the number of shares I now have are five times what they were before the split. I know that many are suggestin...
by exodusNH
Fri Jan 15, 2021 2:37 pm
Forum: Personal Investments
Topic: Portfolio Review Please/Layoff
Replies: 4
Views: 823

Re: Portfolio Review Please/Layoff

His 401k at Employer 1% LifeCycle 2030 (.27) 23% Balanced Index (.03%) 16% S&P 500 Index (.02%) 3% International Index Fund (.05%) A few shares of Company Stock Value <$500 Sorry no symbols. These funds are managed by Northern Trust and State Street. No Company match due to layoff. **I plan to ...
by exodusNH
Fri Jan 15, 2021 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: Good First Real Estate Investment?
Replies: 29
Views: 2417

Re: Good First Real Estate Investment?

Both units are currently rented. Tenants pay all utilities except trash. The rear tenant pays $950 per month -- she has been there for 11 years and never had her rent raised. The front tenant is new and pays $1,350, but has a pet. The first floor is almost entirely tile that I'd eventually want to ...