HELOC on old home <--> Mortgage on new home, order of operations

[CFEonline]

Planning to move to a new house, and keep the old one as a rental. We want to take out a HELOC and use that cash to redo some core items - decks/roof/etc...

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Any recommendations for a bank that gives you a specific contact person you can email or call their direct line, instead of navigating phone trees and...

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Interesting, did you find some clear documentation from them for what is allowable in this regard? I wonder if you need to have income...

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A real physical exam once a year seems very reasonable. Look for skin cancer, murmurs, bruit, etc. At the very least document what you actually did accurately...

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How did you get them to refinance your FR loan? (classified as a personal loan)

And has anyone else had success?...

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I had previously been using a general bond fund (SCHZ), but after reading some WCI posts (https://www.whitecoatinvestor.com/bond-funds/) I think I like...

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Does anyone know if the new legislation which prohibits Roth conversion would also prohibit one from rolling over an old 401k/403b/governmental 457b/401a...

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You need to be clear with yourself when you want to buy. If truly not in the next one year then I would grab $10k i-bonds now and $10k in January, also...

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That is good to know, thanks. Yes the E-Trade plan will work nicely.

One idea I had previously for a scenario of early retirement with a...

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Got it, but it is not wrong to simply leave it in the deceased person's old 401k at least for a while, and not going to run afoul of some penalty or forced...

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Is a one participant 401k always "in service"? Or if you have a year without sole proprietorship income could you roll the employee deferrals...

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Can the spouse leave the money in the original 401k and manage it there?

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If you open a 401k as a sole proprietor, can you roll money out of it to another qualified plan at any point? Example being, during a low income year...

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If someone unexpectedly dies and still has money in several prior 401ks, can their spouse assume those 401ks? If not, is it important the rollover to...

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A slight change, I am maxing out a 401k through a second W2 position, but still want to open an independent 401k using some 1099 income, in order to empty...

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My last two dentists recommended against electronic brushes, stating they are too harsh and contribute to recession.

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Currently I see them as a way to diversify the portfolio, even if to a small degree. It is my understanding portfolios that approach the efficient frontier...

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Bonds are just part of the asset allocation I setup when doing an IPS a few years back. I set portfolio to have 10% bonds after reading https://www.w...

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Is avoiding bonds right now different than timing the market?

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A search of the site shows an article in 2012 saying Muni bonds might not belong in your portfolio, with criticism largely due to state income tax and...

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I have been researching this recently, make sure to consider

1.) Will you be wanting to do an auto-contribution and auto-invest into your...

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If I make X dollars, what fraction can I safely put in my solo 401k as I go along? Assuming I am not going to make more than $19,500 employee limit in...

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TurboTax and FreeTaxUSA seem to have a hard time accepting my K1 only has income on line 19. It says it does not flow onto form 1040, and that I should...

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Just as a way to legally minimize taxes...

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Is buying long term care insurance in the first half of your career to avoid a tax like this a good idea? It has the feel in some ways of whole life insurance...

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Apparently Washington State will be adding a long term care tax to payroll taxes, as I understand it 0.58% of your wages uncapped. https://www.psfinc...

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I'm curious about investing through a custom i401k with checkbook control as well....

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Does the checking account used need to be opened under your EIN? Could you just open a regular checking account under your name and SSN, and use it strictly...

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Does this mean you take student loan payments and disability insurance payments as a tax write off?

I thought that was not allowed for loans....

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Well that at least argues against my theory that apple tinkers with the software at some point to make older versions chew through battery / run poorly...

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Those of you who were using 6 versions - were you having issues with horrible battery life and the phone lagging/freezing up? Spouse has an 8, I think,...

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Anyone looked into this recently and found the sweet spot between price and time until planned obsolescence? Personally I do not use iphones but spouse...

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What is the catch?
Where do they make their money?

And can they handle an HSA? This was the first year I thought I could get away with...

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Did you pursue this and how did it work out?...

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Different arguments favor different strategies - many like international for foreign tax credit
- PoF makes a case for US Equities for tax efficiency...

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Roth contributions (but not earnings) can be withdrawn any time without penalty. Rollovers to Roth (but not earnings) can be withdrawn 5 years later....

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Does anyone know a brokerage that allows this? Specifically looking for an individual 401k and taxable account where I will contribute the same amount...

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It's in the tutorial from WCI, #2 under "The Bottom Line": "# 2 Beware the wash-sale rules. You can't buy back what you just sold in any...

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Would that also include automatic dividend reinvestments in our old accounts we are no longer actively contributing to?

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As I understand it using a fund that you or your spouse is investing in automatically in another account would cause a wash sale. That ends up being a...

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Is ETF more tax efficient for taxable account? I know vanguard mutual funds share that tax efficiency, but with tax loss harvesting partners would likely...

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How do you guys avoid this when doing TLH manually, if you have automatic monthly investment setup in your 401k etc? Just go cancel the automatic purchase...

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Where are you manually inputting this? I had assumed there would be some 10XX form from your brokerage that would just say how much loss you had total......

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I was looking at using one of the robo advisors for taxable account just to keep it more automated so I don't have to think about it month to month. Is...

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Great, thank you both.

So it is not an issue that it is a "personal checking" opened with my SSN, when my W9 and Solo 401k will...

[CFEonline]

Is a separate, regular checking account at my current bank adequate to use for side gig income (1099 sole proprietor), keeping the deposits and expenses...

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I tried to do this by phone but after navigating the phone tree was told they were not able to handle call at this time...

Has anyone done...

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In a situation where I contribute my 2020 trad IRA at the end of December and plan to convert to roth in the 2021 year (due to pro rata issues) and convert...

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I had planned to get H05 after reading around (https://www.bankrate.com/insurance/h...ers-insurance/), but USAA tells...

[CFEonline]

I recently learned of this type of insurance when reading about doing chart review / utilization review type of work.
What companies have you used...

[CFEonline]

Nice, maybe that's a backdoor that you could then refinance to whoever else from, if they have even better rates

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Anyone found a way to refinance with a new loan servicer from FRB? I'm seeing variable rates in the 1.5% range advertised so it would be nice to switch,...

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I suppose a few aspects
- mostly details of the process of purchasing a house, especially if trying to go without a real estate agent, so as not...

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Any books you found particularly helpful?...

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Bad idea? Presuming you have found a house without them, what other value does a realtor add, and how much can you do yourself?

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At what point are you comitted to a particular lender? Any penalties/fees you can run into?

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solo 401k accepts rollovers even if you are no longer self employed, correct?...

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What is the time frame between placing an offer with your pre-approval letter and committing to a lender? This is, I think, where people talk about shopping...

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How many lenders did you compare rates with? Looks like there's around 7-10 on the WCI for my state, some local folks I want to check with and worth getting...

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Laurel road has said they would work with FRB on this, may need a letter from them saying was student loans, may need the 10 day payoff statement from...

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Does it require a hard credit pull to get pre-approved?
Do you get pre-approval from multiple different lenders to see who will offer the best terms?...

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tag

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Can the variable rates offered by a student loan refinance be changed arbitrarily or on the whim of the company holding the loan? Or are they tied to...

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Where were you able to see the most current rate changing while you were waiting? Were you continuing to ask them for quotes during the process?...

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Are these rates (0.5- - 0.8%) available to new refinancers, or somehow only if you had refinanced prior to the rate drops?

Not seeing these...

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Looking through the table on the wci student loan page best variable rates look like 1.5%, most 1.9%+. Where are these 0.8-1.2% being mentioned here coming...

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Does the proposed bill in current form allow for forgiveness of refinanced student loans?

The bill does mention eligible private loans and...

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I would agree, but I think focusing too heavily on how important it is to do X, Y, Z, when one has missed that opportunity / done it poorly in the past...

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Looking for recommendations aimed at older / late career physicians who are now having an interest in becoming more financially savvy. I perused the list...

[CFEonline]

Can anyone give some info on what companies have decent contracts/protections and who to avoid?

I would like to start doing telemedicine...

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Food for thought, since hypoxia may be severe and refractory to preoxygenation without NPPV, I have been considering pushing sedation/paralytics and immediately...

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What made you choose healthy paws out of curiosity?

[CFEonline]

A purchase today is a better purchase than any made through 2016-2020 thus far. So, if you don't feel having invested money in the last 4 years was a...

[CFEonline]

If the current advice to stay home if you are sick is followed, it seems a boom in telemedicine is likely.
What companies are good to work with?...

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What percentages are reasonable? 5% off your target allocation? With respect to that category, or entire portfolio? Likely the former, or for small holdings...

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Enough that if I don't have coffee I feel like I'm having a SAH

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Do you have this, use it? Any anecdotes of it being useful or useless? Companies to use or avoid?

Vet prices seem more transparent and reasonable...

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Does your custom solo 401k mega backdoor allow you to rollover the roth 401k balance to a roth ira? Or how would you use that money before 59 otherwi...

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What is the reason to frontload instead of fund annually?

[CFEonline]

Got it, thanks!

Regarding state income tax, if I moved out of California to a state without income tax, will I still be hit with California...

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The questions boil down to

1.) Can one have multiple different Roth IRA accounts, and contribute to each of them either through the backdoor...

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What does it depend on?

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Ask for a copy of the plan document, it will explicitly say you can rollover to 401k or IRA in the transfer/rollover section if that is allowed.
...

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I am looking for advice from the forum's fund of knowledge regarding the particulars of the following

Can you have multiple Roth IRA accounts?...

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For a portfolio comprised of a mixture of bonds, total US, total international, small cap value, and REIT, which account type preferentially gets which...

[CFEonline]

Hmm perhaps it's not as common as I thought. It was an optional addition to the term insurance, Accidental Death and Dismemberment. Essentially would...

[CFEonline]

Is it worth getting AD&D coverage with term life insurance plan if you are young and healthy? It's cheaper, about 50% as much per dollar of coverage,...

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Yes it looks promising. Hopefully I can simplify things and get economical access to the particular international, small value and REIT funds I like best...

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ENT Doc wrote: Correct. But be careful with contributions and when you are no longer eligible. If you contribute under the last month rule (see Pub 969 I believe) and you switch the ...

[CFEonline]

GasFIRE wrote: I asked a similar question last month: https://www.whitecoatinvestor.com/forums/topic/future-hsa-disbursement-question/ @spiritrider clarifies the issue, but essent...

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DavidGlennCPA wrote: expenses being reimbursed had to have been incurred after the account opened from which it is being reimbursed Click to expand... When referring to the account bein...

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jfoxcpacfp wrote: Dreamgiver wrote: My wife employer also goes through Health Equity. Does it mean we have to use them or can I transfer the money from HE to a different brokerag...

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I actually meant to specify the rates offered for refinancing

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That makes more sense, hah

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molar roller wrote: If my PCP fails to cure my cold in 1 week, I don’t demand my money back for the visit. Click to expand... This depresses me that even highly educated ...

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When do we expect student loan interest rates to drop? A couple Federal reserve drops have passed and rates for student loans look about the same. My...

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I'm choosing between two options for health insurance that will cover my spouse and myself. Option 1 is a CDHP that allows an HSA, and Option 2 is a trad...

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Why do people tie their need for umbrella to their current net worth? It seems if damages are awarded they are going to be in whatever amount they will...

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Do personal liability awards follow the trend of malpractice ones, where they tend to not exceed the policy limit or are adjusted to the policy limit...

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Simple and practical is good! I guess another way to protect anonymity would be a DBA name for sole proprietorship. Other than the relatively minor expen...