Hunting Land

[BryanMD]

Are wash sale rules specific to the individual? Do couples that are married filing jointly need to worry about wash sales between their separate accounts?...

[BryanMD]

I disagree. Hunting leases require nothing other than having land you are willing to let other people use. You are correct if you are running a hunting...

[BryanMD]

I’d be interested in hearing more about this tree farm. Is it Christmas trees? 200 acres of tree farm seems huge and awesome. I have family in northern...

[BryanMD]

People are less willing to let people hunt on their land for free these days. All of the hunting lease websites have popped up. I doubt anyone gets rich...

[BryanMD]

My family has always hunted whitetail mostly with rifles. The week of gun deer season where I live is looked forward to like Mardi Gras in New Orleans....

[BryanMD]

I don’t think this guy gets the business model. You get to look up old girlfriends that you haven’t spoken to in 20 years. Then you get to give them...

[BryanMD]

Does anyone on the forum hunt? It seems like fast cars, bicycles, boats, and travel are well represented. Maybe it’s not cool to say you hunt, but not...

[BryanMD]

I figured this was the case since I’d never seen anyone mention it. I wonder how long the IRS will keep allowing people to use HSA in this fashion....

[BryanMD]

I hear what you are saying about conversions in big bear markets. That has to test your intestinal fortitude to watch your nest egg get halved and then...

[BryanMD]

Is there a time limit on reimbursement from your 529 for qualified education withdrawals? Can you save private K-12 tuition receipts like you do medical...

[BryanMD]

Drop the “The”. It’s cleaner.
Also drop the civil war inciting discourse and eating disorder training camp. Also cleaner....

[BryanMD]

I love that video. That is the first time in a long time I watched/read something and literally said out loud, “Uh oh”. This forum is about as “social...

[BryanMD]

Just to clarify, is this for everyone regardless of tax bracket? Does the math work out as well for somebody MFJ that makes $1M a year as it does for...

[BryanMD]

When when you say “significant Roth conversion” what sort of amounts are we talking. What constitutes a big Roth Conversion?...

[BryanMD]

I wasn’t planning to do any conversions anytime soon. Just trying to wrap my head around why it’s beneficial and who utilizes it during market drops....

[BryanMD]

I’m nothing if not enthusiastic....

[BryanMD]

So you are basically just buying low and getting a lower basis in an asset location where a low basis is fine because it won’t be taxed on withdrawal....

[BryanMD]

I often see people on this forum saying that during market downturns they plan to use the opportunity to tax loss harvest and do Roth conversions. I get...

[BryanMD]

I don’t own individual Facebook stock but about 2% of my portfolio is in Facebook just from indexing in total market/S&P 500/Large Cap across all...

[BryanMD]

I think the old saying was something like it is time to get out of the market when you are getting stock tips from shoe shine boys.

I should...

[BryanMD]

7 little chipmunks swinging on a branch....

[BryanMD]

Living out of your car pretty much means giving up Xbox live doesn’t it?

Get a good paying manual labor job during this LOA, that alleviates...

[BryanMD]

Buy the book Starting Strength by Mark Rippetoe and read the whole thing. Then, an inexpensive but stable squat rack, a simple flat bench, a cheap barbell...

[BryanMD]

Wait, back in the old days was before your mid 30s?...

[BryanMD]

I’ve been using this in the last month to help find tax loss harvesting partners. I think Physician on Fire has a helpful post on it as well.
...

[BryanMD]

Those should be fine. They each track a different index that holds a significantly different number of companies....

[BryanMD]

Will a year end statement of deductibles paid be sufficient as a receipt to keep for future tax free withdrawals?...

[BryanMD]

I think you are probably right....

[BryanMD]

My investments are all set on autopilot at baseline. My Backdoor Roth happens the first week of the new year, my max 401k employee contribution comes...

[BryanMD]

Well, I guess for me “the big stink” is money. You know the same reason we all come to this website and the reason you’ve posted over 11,000 times...

[BryanMD]

Well the title was really meant more to get people to actually read the post. A catchy/controversial title ensures people will at least read it and maybe...

[BryanMD]

It feels impossible to ignore market timing right now. I just surrendered my VUL for around $390k and my investment plan says to put it back in the market...

[BryanMD]

I was in the same boat as you. I just surrendered mine for $390k after investing $410k. A $20k stupid tax is a tough pill to swallow after investing for...

[BryanMD]

I moved from the Utah my529 to Fidelity mostly for simplicity sake. I was moving everything to Fidelity after getting rid of my advisor. Wanted to be...

[BryanMD]

Ok that makes sense. The short warning they give on it didn’t really make it clear. I know I will have to pay back my previous years tax deduction from...

[BryanMD]

I did rollovers of my previous 529s (WI & UT) and combined to a Fidelity 529 plan. I got a reminder from Fidelity that if the previous plans did not...

[BryanMD]

I, of course, would have preferred to watch my investments go up after ditching my financial advisor. But it is a little satisfying to book some losses...

[BryanMD]

With some deeper searching I think I may have found my answer that yes, I do need to sell the VTI shares in my Roth IRA. My new question is does this...

[BryanMD]

I've fired my financial advisor and have taken over my own financial life in the last month. I had a lot of money sitting in cash that I started to get...

[BryanMD]

Seems like the overarching advice is to use the most tax efficient accounts to hold your least tax efficient assets as well as your assets with the potential...

[BryanMD]

The outhouse is more terrifying than anything Joss Whedon could conjure up. The thought of sitting on that seat in the middle of a Northern Wisconsin...

[BryanMD]

Not sure if this is the perfect forum to ask this question but it has got to be close.

My parents own a cabin in the woods and their plan...

[BryanMD]

Am I correct in thinking that the money I invest into an Opportunity Zone isn’t required to be money from the sale of a property or security? It could...

[BryanMD]

There is an opportunity fund I’ve looked at for a while now with the same company that I have 2 equity funds with already. That’s probably the fund...

[BryanMD]

I recently fired my financial advisor and am left with a taxable brokerage with about 30 different funds most of which have fairly high expense ratios....

[BryanMD]

Were you charged a surrender fee by your original policy holder for the 1035 exchange? Was it the Cash Value that rolled over or the Cash Surrender V...

[BryanMD]

I ended up deciding to go with the Fidelity 529 (UNIQUE New Hampshire Plan). Mostly I did it for convenience. All of my other accounts are with Fidelity...

[BryanMD]

I have recently fired my financial advisor and moved most all of my accounts to Fidelity. Would the simplicity of using the Fidelity UNIQUE 529 be reasonable?...

[BryanMD]

Wisconsin has 2 different 529 plans, Edvest and Tomorrow’s Scholar. My former financial advisor has us originally in the Edvest but when the Tomorrow’s...

[BryanMD]

I have both a Wisconsin 529 and Utah 529 for each of my kids. In my home state of Wisconsin $3,380 of 529 contribution is deductible on state taxes. In...

[BryanMD]

For the record I’m not looking to buy a big chunk of bonds. I’m actually trying to get rid of the ones I do have. I’m still young, high earning,...

[BryanMD]

Great explanations.
Currently bond yields are low and bond prices are high. That seems to reason when bonds outperform stocks that is when bond...

[BryanMD]

I give up. I have to ask even if I look stupid. How do bonds work?

Bonds are underperforming stocks, but no one talks about buying bonds...

[BryanMD]

Thanks. I was hoping that was the answer. Seemed wrong that I’d either have to liquidate with a LTCG hit or be stuck paying my advisor AUM forever on...

[BryanMD]

Once you leave your financial advisor what happens with DFA funds that are advisor only?Can these be transferred in kind from a TD Ameritrade Institutional...

[BryanMD]

Is the basis for the VUL all of the money put in to the VUL up until that point, or just the portion that was invested after fees and and the cost of...

[BryanMD]

As I understand it, if you exit out of a variable universal life policy with cash surrender value greater than the total premiums paid you will have to...

[BryanMD]

What are people’s opinions of using TD Ameritrade?
Whenever I see or hear WCI recommendations for brokerages it’s usually Vanguard, Fidelity,...

[BryanMD]

With the Wisconsin 529 plans the website states "In 2021, contributions made by any Wisconsin adult reduce their state-taxable income, dollar-for-dollar,...

[BryanMD]

Yes, family and money don't always mix well. We have considered that. Telling the sister in law that we don't want her help even if it's free might be...

[BryanMD]

In Mr. Hunt's email with the analysis, he did say "Don't get hung up on buy term, invest difference analysis. It's a way for me to judge the policy."...

[BryanMD]

I believe my policy is has death benefits minimized up to the MEC level. The fees on my funds have an average expense of 0.55%. That could come down by...

[BryanMD]

Seems like too big, too drawn out, and pretty hands on is a theme from those that have done it before. These issues worry me more than the financial sense...

[BryanMD]

I was all set to drop the policy in January to get out at the break even point. I even called and let my advisor know. I got directed to a blog post from...

[BryanMD]

Thank you that is helpful. Do you know what the rate on the loan they offered would be?

[BryanMD]

I'm looking for a little help better understanding an analysis of a VUL I have had in place almost 8 years. I had Mr. James Hunt run this analysis for...

[BryanMD]

I like the philosophy of “when you’ve won the game stop playing”.

But I think in practice, the quote that really applies is, “How...

[BryanMD]

I don’t like asking questions on this forum. The responses force me to take a deep look inside and inevitably come to the conclusion that I have no...

[BryanMD]

Is there a school of thought in investing that bond allocation should be more of an absolute number rather than a percentage of the portfolio?
...

[BryanMD]

Thank you. This was very helpful. I did not even consider that you could take loans against your taxable account. I assumed you needed collateral with...

[BryanMD]

Isn’t this the real “sunk cost fallacy” of VUL? If you’ve already got the VUL then the commission you paid is irrelevant going forward. Paying...

[BryanMD]

I think these are fairly important nuances to the VUL debate. The answer to every VUL question I’ve come across on the forum has been “ditch it, cut...

[BryanMD]

Could anyone elaborate on why the VUL might work out well if the physician made $800k a year, was debt free, and was maxing out tax protected accounts...

[BryanMD]

I understand the sunk cost fallacy. I’m a Cubs fan and I watch them continually trots Jason Heyward out into Right Field. (That will make 3 people laugh.)...

[BryanMD]

I agree that both buying the VUL, and continuing to fund it up until now was a mistake. I'm enlisting the help of James Hunt to figure out when is the...

[BryanMD]

I guess I don't actually know the divided out value of the lake lot vs the house on the lot. Going off rough math, and the prices on houses near mine...

[BryanMD]

I’m new to the WCI scene; still figuring out the mistakes I’ve already made and the ones I’m trying to learn to avoid.

I have a VUL...

[BryanMD]

I appreciate all of the replies. Definitely helping me wrap my head around the magnitude of this financial decision. Their really aren’t many empty...

[BryanMD]

Well, we didn't just buy the house that we dislike 5 years ago. We bought the entire property and we love the location, the land itself, and people we...

[BryanMD]

I'm looking for some advice on tearing down and rebuilding my primary residence. I purchased the house 5 years ago for $550k. I now owe about $450k still...