Search found 7198 matches

by 123
Tue May 18, 2021 2:58 pm
Forum: Personal Finance (Not Investing)
Topic: Does "time in the market beats timing the market" apply to housing?
Replies: 22
Views: 2371

Re: Does "time in the market beats timing the market" apply to housing?

The high transaction costs of home ownership/acquisition can often make home purchase a bad idea unless you anticipate living in the home for at least 7 to 10 years. All the things you got for "free" when you bought the home (fresh paint, nice flooring, nice cabinets, fresh landscaping) ar...
by 123
Tue May 18, 2021 10:33 am
Forum: Personal Finance (Not Investing)
Topic: Etrade vs BankofAmerica/ME - 3.5K Bonus
Replies: 4
Views: 355

Re: Etrade vs BankofAmerica/ME - 3.5K Bonus

The $3,500 bonus on $1,000,000 comes out to an annual rate of 0.35%. While not diminishing the value of the offer it's an amount that such an account can easily lose or gain in a single day if invested in pretty much any typical bogleheads portfolio that includes some market risk.
by 123
Mon May 17, 2021 10:35 pm
Forum: Personal Finance (Not Investing)
Topic: ADU on parents' property [Accessory Dwelling Unit]
Replies: 9
Views: 874

Re: ADU on parents' property [Accessory Dwelling Unit]

...Their house is located in LA is currently worth around $1M, lot included. It currently belongs to my parents (the mortgage is almost paid off) but they're thinking about setting up a trust whose my sister and I will be the beneficiaries (50-50). After setting up the trust... One thing at a time....
by 123
Mon May 17, 2021 3:16 pm
Forum: Personal Consumer Issues
Topic: Roku - Last Ditch Effort
Replies: 23
Views: 2590

Re: Roku - Last Ditch Effort

Does your router have a limit (setting) on the number of wi-fi connections allowed? Are there restrictions in your router on the mac addresses that allowed (doubtful if you could connect other devices without adjusting router limitations)? Does the Roku have an ethernet port (maybe run an ethernet c...
by 123
Sun May 16, 2021 6:39 pm
Forum: Personal Investments
Topic: Investment Tax Question
Replies: 10
Views: 832

Re: Investment Tax Question

If it were me I would sell the fund to get away from the higher expense ratio at MFS. If you transfer and hold the position you continue to be charged the expense ratio by MFS (the expense ratio is built into the operating costs of the fund). If you just transfer the fund to avoid a taxable event th...
by 123
Sun May 16, 2021 6:19 pm
Forum: Personal Investments
Topic: Investment Tax Question
Replies: 10
Views: 832

Re: Investment Tax Question

Generally if you sell a fund and the shares are held at the mutual fund company there is usually no fee to sell. If you intend to sell the fund soon I would sell it while it is at MFS and be done with it. Hopefully MFS has all the "basis" information in its records.
by 123
Sun May 16, 2021 5:51 pm
Forum: Personal Investments
Topic: To consolidate 401(k) or not?
Replies: 16
Views: 1116

Re: To consolidate 401(k) or not?

Do either of the plans have a stable value fund? If they both have stable value funds, which one seems better and safer. Better means has a history of paying higher interest... +1 - I'd agree that if the "old" plan has a good stable value fund that could be reason enough to leave the fund...
by 123
Sun May 16, 2021 5:40 pm
Forum: Personal Investments
Topic: To consolidate 401(k) or not?
Replies: 16
Views: 1116

Re: To consolidate 401(k) or not?

If it were me I would likely consolidate just to keep things simple.

If an expense ratio is 0.01% higher it costs you $10 more annually for each $100,000. Even with a $1M balance I would consolidate for convenience but it would still annoy me because I'm cheap.
by 123
Sun May 16, 2021 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: Ramifications of claiming qualifying relative as dependent
Replies: 8
Views: 589

Re: Ramifications of claiming qualifying relative as dependent

A frequent issue with claiming elderly relatives as dependents is the requirement that the dependent have less than $4,300 a year in gross income. Gross income would include the portion of social security withheld for Medicare premiums.
by 123
Sun May 16, 2021 5:12 pm
Forum: Personal Consumer Issues
Topic: Junk removal companies?
Replies: 36
Views: 2627

Re: Junk removal companies?

Seriously, nobody with an actual number on this? I'm curious - I suspect it's $500+ for a full dumpster. The cost will vary widely. There are all kinds of different sizes for dumpsters. The fee for removal could be relatively low in a rural or suburban area but very high in an area like San Francis...
by 123
Sun May 16, 2021 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: Should I Give Up My Earnest Money
Replies: 126
Views: 9807

Re: Should I Give Up My Earnest Money

In a hot rising market I would expect you might have to pay 10% over appraisal to close a deal. If you back out you lose $50K earnest money, if you proceed you may overpay by up to $80K. In a rising market (or any market) you may overpay some amount, it happens. What does your agent say about adjust...
by 123
Sat May 15, 2021 11:59 pm
Forum: Personal Finance (Not Investing)
Topic: Family loan as a form of wealth transfer?
Replies: 26
Views: 3109

Re: Family loan as a form of wealth transfer?

An individual cannot sign a valid contract (loan agreement) until they are 18 years of age. There are some exceptions for contracts for essential items (food, medical care, etc) but a loan for investment purposes doesn't seem to fit those.
by 123
Sat May 15, 2021 9:15 pm
Forum: Personal Finance (Not Investing)
Topic: Becoming a CFP
Replies: 16
Views: 1726

Re: Becoming a CFP

If you are already a lawyer and obtain the necessary "series" licenses I can't see that a CFP credential adds a whole lot to your professional "aura" to potential clients. I agree the content of the CFP courses is useful and should be mastered, I just don't think the CFP credenti...
by 123
Sat May 15, 2021 6:55 pm
Forum: Personal Consumer Issues
Topic: Life events spent more than earned
Replies: 55
Views: 5261

Re: Life events spent more than earned

The death of a relative can result in funeral/cemetery expenses as well as some expenses to maintain property and other assets until the estate is settled. When we've been involved in these situations it's always been within the bounds of our emergency fund or cash reserves so it's been a non-issue.
by 123
Sat May 15, 2021 6:07 pm
Forum: Personal Finance (Not Investing)
Topic: Decision to make- Should I take up the new gig?
Replies: 22
Views: 1345

Re: Decision to make- Should I take up the new gig?

How plentiful are jobs you are suitable for in your area? While in some areas/trades staffing agencies are used as a mechanism to try out potential employees I think you pretty much have to dismiss most of the promises they may make regardless. Does the firm they want to place you with do direct hir...
by 123
Sat May 15, 2021 3:04 pm
Forum: Personal Investments
Topic: max-funded indexed universal life insurance(IUL)
Replies: 6
Views: 358

Re: max-funded indexed universal life insurance(IUL)

If you want tax-free gains just "buy-and-hold" anything until you die and it gets a step-up at death. While proceeds of life insurance aren't taxed as income they count as part of the estate for potential estate taxes.
by 123
Fri May 14, 2021 10:25 pm
Forum: Investing - Theory, News & General
Topic: Becoming a hedge fund
Replies: 1
Views: 474

Re: Becoming a hedge fund

The Wikipedia article on hedge funds has some good references to the regulatory requirements https://en.wikipedia.org/wiki/Hedge_fund#United_States Wikipedia also has good descriptive material on hedge funds in general https://en.wikipedia.org/wiki/Hedge_fund Anyone investing money for someone else ...
by 123
Fri May 14, 2021 4:22 pm
Forum: Personal Consumer Issues
Topic: $24500 good price for 2021 corolla hybrid?
Replies: 29
Views: 2312

Re: $24500 good price for 2021 corolla hybrid?

If you can wait maybe you should delay purchase until 2022 models are out. IIRC Toyota has started releasing new car models the previous summer, don't know how the pandemic will impact that. May not be much of any difference but a 2022 will be one model year newer.
by 123
Fri May 14, 2021 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: use net present worth for mother's future retirement home costs?
Replies: 2
Views: 211

Re: use net present worth for mother's future retirement home costs?

For a realistic and/or reliable answer it's usually better to ask questions and supply information in the following format pertaining to your mother:
https://www.bogleheads.org/wiki/Asking_ ... _questions
by 123
Fri May 14, 2021 11:37 am
Forum: Personal Finance (Not Investing)
Topic: Selling a rental property without realtor
Replies: 19
Views: 1171

Re: Selling a rental property without realtor

Do you plan to sell the rental as a rental to another investor or do you plan to sell the rental as a residence? Likely would get more money in a hot market selling as a personal residence since investors just wait around waiting for deals. If you are selling as a personal residence is the property ...
by 123
Fri May 14, 2021 11:24 am
Forum: Non-US Investing
Topic: A suggestion on minimum number of stocks to hold if randomly selecting companies.
Replies: 30
Views: 1897

Re: A suggestion on minimum number of stocks to hold if randomlly selecting companies.

With an S&P500 or Total Stock Market fund or ETF you are pretty much guaranteed to get average market returns (less the expense ratio).

If you hold a sample of individual stocks there is no guarantee that you will ever get close to matching average market returns for any time period.
by 123
Fri May 14, 2021 12:37 am
Forum: Personal Investments
Topic: Backdoor Roth Screw up
Replies: 6
Views: 634

Re: Backdoor Roth Screw up

That extra $1,800 is taxable, either now with the Roth conversion or later when you take distributions from the traditional IRA.

For my money I'd pay the tax on the $1,800 Roth conversion now and enjoy the ride free of additional taxes as long as it can last.
by 123
Fri May 14, 2021 12:31 am
Forum: Personal Finance (Not Investing)
Topic: What specific complaints do you have for your tax software
Replies: 63
Views: 3276

Re: What specific complaints do you have for your tax software

We've been using TurboTax (Federal & State) Deluxe for over 20 years without any problems. We file electronically (Federal and State) and everything processes with tax authorities without any issues. We have all the normal stuff, wages, self-employment, dividends, interest, capital gains/losses ...
by 123
Thu May 13, 2021 6:52 pm
Forum: Investing - Theory, News & General
Topic: Too Good To Be True Portfolio
Replies: 35
Views: 3730

Re: Too Good To Be True Portfolio

I'm not a math wizard but couldn't you just reduce your percentages to drop your total to 100%? Edited to add: If you squeeze the leverage out you might get something like: 13.33% US market stock, 13.33% small cap value, 13.33% gold, 29.97% long bonds, 29.97% short bonds I didn't try those numbers b...
by 123
Wed May 12, 2021 5:06 pm
Forum: Personal Investments
Topic: Recommendations for custodian of new taxable account?
Replies: 11
Views: 732

Re: Recommendations for custodian of new taxable account?

Ally Invest has some reasonable bonuses at higher levels $500,000 get a $1,200 bonus, $1M gets a $2,000 bonus, and $2M gets a $3,000 bonus https://www.ally.com/go/invest/promotion.html?CP=ppc-google-bkws-invest-ally-invest-bonus-bmm-desktop&d=c&k=%2Bally%20%2Binvest%20%2Bbonus&m=b&c=...
by 123
Wed May 12, 2021 4:26 pm
Forum: Personal Investments
Topic: Merrill Lynch to Edge
Replies: 20
Views: 1846

Re: Merrill Lynch to Edge

...You haven’t been very forthcoming about why you care about what the advisor knows about your actions. Are you concerned your advisor will cut you loose? Do what you want to do. It’s your money. :beer I would suspect that the OP has some kind of "history" with the advisor and it could b...
by 123
Wed May 12, 2021 4:15 pm
Forum: Investing - Theory, News & General
Topic: not contributing to IRA, even if you have the money available
Replies: 17
Views: 1188

Re: not contributing to IRA, even if you have the money available

It's been many years since we could rush to make IRA contributions in January of the contribution year. Career advancements, increasing earnings, and investment income (including the consequences of rebalancing) have just joined forces to make it easier to wait until we (timely) prepare our taxes to...
by 123
Wed May 12, 2021 3:49 pm
Forum: Investing - Theory, News & General
Topic: Rebalancing Bonus
Replies: 34
Views: 2638

Re: Rebalancing Bonus

...Isn't it a way of buying low and selling high?... Situations could arise where all investment sectors (bonds AND stocks) are down. So the rebalancer could be selling positions at a loss to buy more of something that is down even more. There is no guarantee that markets will always rise. Of cours...
by 123
Wed May 12, 2021 1:41 pm
Forum: Investing - Theory, News & General
Topic: When to buy a house
Replies: 46
Views: 4133

Re: When to buy a house

A good time to buy a house is 1.) You have the necessary income to support the expected mortgage and you have the resources for the down payment, 2.) Your personal/family situation is stable/known and you can anticipate residing in the house for at least 7 to 10 years, and 3.) Your career situation ...
by 123
Tue May 11, 2021 10:25 pm
Forum: Personal Investments
Topic: Windfall - Immediate Steps
Replies: 16
Views: 2651

Re: Windfall - Immediate Steps

...No chance $5 MILLION should remain in a bank well over FDIC insurance... The biggest risk of having the money in a bank is succumbing to the offers of the financial adviser at that desk in the bank lobby, or in an office along the wall, who wants to "help you" with it. Every time you d...
by 123
Tue May 11, 2021 9:40 pm
Forum: Personal Investments
Topic: Windfall - Immediate Steps
Replies: 16
Views: 2651

Re: Windfall - Immediate Steps

I would open a regular brokerage account on-line with either Schwab or Fidelity (or both if you want to split the proceeds up). You can fund the account(s) when you receive the windfall. If you place the windfall proceeds in a bank account you can then request the bank to wire funds to the respectiv...
by 123
Tue May 11, 2021 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: what to do if USPS lost my certified mailing of IRS return?
Replies: 50
Views: 4170

Re: what to do if USPA lost my certified mailing of IRS return?

You should monitor your bank account and see if the original check clears. If the check clears that should be sufficient evidence of receipt by the IRS. I would wait at least a month for the check to clear. With large mail processing operations like the IRS tracking sometimes doesn't work, things ge...
by 123
Tue May 11, 2021 11:38 am
Forum: Personal Finance (Not Investing)
Topic: Please check my math - selling rental property vs S&P 500
Replies: 7
Views: 704

Re: Please check my math - selling rental property vs S&P 500

If it's been a great investment, beating the S&P 500, why are you selling?
by 123
Mon May 10, 2021 11:38 pm
Forum: Personal Finance (Not Investing)
Topic: Contributed to IRA with no earned income
Replies: 5
Views: 737

Re: Contributed to IRA with no earned income

The most straightforward approach is to contact the IRA custodian and request that the "excess contribution" and any associated earnings be removed from the account and returned to you. It is important that it be handled as a "return of excess contribution" so that their tax repo...
by 123
Mon May 10, 2021 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: Should I tear down my house?
Replies: 57
Views: 5859

Re: Should I tear down my house?

...From the time the permits are issued to move-in is 4 months per my builder; I'll plan on six... This will not be the only thing you hear from this builder that will not come to pass... Typically builders will start with a fast demo (partial) or demolition (complete) so you are then committed to ...
by 123
Mon May 10, 2021 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: Should I tear down my house?
Replies: 57
Views: 5859

Re: Should I tear down my house?

Wouldn't it be simpler to just sell your present home and buy something that you want?

If you go the teardown and rebuild route you're going to have to live somewhere else for a likely minimum of at least a year while that work is done.
by 123
Mon May 10, 2021 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a home
Replies: 1
Views: 321

Re: Buying a home

If you don't intend to immediately occupy the property upon acquisition you need to apply for a loan as an "investment" property. Interest rates are higher and loan requirements (including possibly the down payment percentage) are higher for "investment" property loans than owner...
by 123
Sun May 09, 2021 7:33 pm
Forum: Personal Consumer Issues
Topic: Windows 10 + Chrome = Slow and Sluggish
Replies: 90
Views: 3655

Re: Windows 10 + Chrome = Slow and Sluggish

What anti-virus program are you using? All you likely need is Windows Defender which is built into Windows 10. If you are using another anti-virus program are you sure that Windows Defender is turned off? Using more than one anti-virus program at a time is a sure way to slow down many computers.
by 123
Sat May 08, 2021 10:20 pm
Forum: Personal Finance (Not Investing)
Topic: Please Weigh In, Can't Ask Anyone Else - Burial Planning
Replies: 52
Views: 4300

Re: Please Weigh In, Can't Ask Anyone Else - Burial Planning

I would lean toward Option 2, pretty much against the grain of the discussion so far. Option 2 provides some options for events and circumstances that can barely be imagined at present. Even though children marry, move away, and have families, it doesn't mean they stay married. Of course the boglehe...
by 123
Sat May 08, 2021 1:31 pm
Forum: Personal Investments
Topic: Best use of $3,000 that is saved for a class in March 2022
Replies: 13
Views: 1135

Re: Best use of $3,000 that is saved for a class in March 2022

CD or High Yield Savings Account (like Ally Bank)

I'm guessing you don't want any risk of a decline in value.
by 123
Fri May 07, 2021 3:05 pm
Forum: Personal Consumer Issues
Topic: DIY pedestal for flat screen TV
Replies: 9
Views: 651

Re: DIY pedestal for flat screen TV

That's a good suggestion from ronno2018. I've also been facing the same issue when I think about getting a bigger TV since a new stand/table can cost more than the TV. A major brand that makes these products is Sanus https://www.sanus.com/en_us/products/mounts/vstv1/ I've seen a couple of variations...
by 123
Fri May 07, 2021 2:33 pm
Forum: Personal Investments
Topic: What to do with cash out from a recent home refinance?
Replies: 4
Views: 417

Re: What to do with cash out from a recent home refinance?

We always have to be prepared for a 50% (or more) drop in stock prices with potentially a very prolonged recovery (if ever). So it's fine to put it in the stock market as long as you can scale back your remodeling plans to fit the potentially (diminished) funds available.
by 123
Fri May 07, 2021 11:28 am
Forum: Personal Finance (Not Investing)
Topic: Frustrating candidate experiences in job search
Replies: 79
Views: 6145

Re: Frustrating candidate experiences in job search

It is so easy to apply for jobs that employers get bombarded with applicants if all the applicant has to do is to click and paste a resume. The tests and questionnaires are just additional roadblocks to help the employer screen out candidates who really aren't that interested.
by 123
Fri May 07, 2021 11:23 am
Forum: Personal Finance (Not Investing)
Topic: Schwab advisor cold calls
Replies: 34
Views: 3200

Re: Schwab advisor cold calls

We've gotten these kinds of call from both Fidelity and Schwab where we hold accounts. Usually every year or two. I usually talk to them briefly saying that we're doing fine and that we will call if we have questions or need assistance. I think one of the drivers for these calls is if you have signi...
by 123
Fri May 07, 2021 10:54 am
Forum: Personal Consumer Issues
Topic: Country Club
Replies: 56
Views: 4976

Re: Country Club

bungalow10 wrote: Fri May 07, 2021 2:39 am ...kids are 8, 11, 13...Income is $250-500k/year...

Cost - 30k upfront. 10k in maint annually and food min...walking distance to our Chicago area home... Kids can go there on their own. Lots of parties and kids activities, club is very active.
Yes, Yes, Yes
by 123
Thu May 06, 2021 10:33 am
Forum: Personal Finance (Not Investing)
Topic: Advice needed on teenager's job hunt
Replies: 30
Views: 2090

Re: Advice needed on teenager's job hunt

I would agree that large retailers, like a Target, Walmart, or Macy's, are more likely to have positions that may be suitable for her and have programs to employ the "differently abled". If you are in a metropolitan area there is a chance that local city/county/state governments could also...
by 123
Thu May 06, 2021 10:07 am
Forum: Investing - Theory, News & General
Topic: Tradestation denies account
Replies: 3
Views: 409

Re: Tradestation denies account

Financial organizations often deny accounts if there is an issue of your location (are you outside the US or did you use a VPN to reach them) or your identity (incorrect answers to questions based on credit bureau data). You may want to get copies of your credit reports to verify that there is no is...
by 123
Thu May 06, 2021 1:33 am
Forum: Personal Investments
Topic: Best government pension plan in the U.S.?
Replies: 53
Views: 5446

Re: Best government pension plan in the U.S.?

The California State Retirement System rewards those that stick with it. Some of my elementary school teachers who stuck it out for 30 - 35 years with the same school district receive annual pensions of $90,000+.
by 123
Wed May 05, 2021 4:28 pm
Forum: Investing - Theory, News & General
Topic: How big is the risk of sustained huge stock market decline?
Replies: 106
Views: 10784

Re: How big is the risk of sustained huge stock market decline?

The general advice often seen here is that investors should be prepared for a decline of 50% in the value of their equity (stock) holdings at any time. This seems to be in line with the history I have observed. If the stock market is "puffed up" at the time of such decline it could be more...
by 123
Wed May 05, 2021 1:39 pm
Forum: Personal Finance (Not Investing)
Topic: Ladybird Deed on multiple properties
Replies: 2
Views: 488

Re: Ladybird Deed on multiple properties

I don't think there is a limit on the number of properties with Ladybird Deeds.