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TorchtheFlyingTiger
| Favorite team: | North Carolina St. |
| Location: | 1st coast |
| Biography: | |
| Interests: | LSU & NC St sports, travel, finance |
| Occupation: | FIRE'd |
| Number of Posts: | 2910 |
| Registered on: | 1/14/2008 |
| Online Status: | Not Online |
Recent Posts
Message
re: Unit Investment Trusts
Posted by TorchtheFlyingTiger on 12/8/25 at 3:19 pm to wmtiger69
Schwab, Fidelity, Vanguard or even Robinhood (although I'll take heat for this). Read JL Collins' Simple Path to Wealth and if it makes sense manage it yourself. If you think you need help at least you have a baseline of knowledge to work from when vetting an advisor or picking a roboadvisor.
re: Unit Investment Trusts
Posted by TorchtheFlyingTiger on 12/8/25 at 2:13 pm to wmtiger69
So you already know everyone here is going to tell you not to use an insurance firm for investments.
re: Does anyone here use the retirement planning tool Boldin?
Posted by TorchtheFlyingTiger on 12/8/25 at 1:25 pm to oildog
I played around awhile back with the free versions or trials a few of these tools. I havent pulled the trigger on a subscription yet. I'm still need to find the best one to meet my needs (tax optimized withdrawal strategy and Roth conversions). This guy reviews Boldin and several others you might want to try 5 Best Retirement Calculators Rob Berger
Reading up on boggleheads, reddit etc, users that tried more than one typically observed they give different results and recommendations due to different default assumptions.
Best tool is going to be dependent on what you are looking for it to do and what you are willing to spend.
Reading up on boggleheads, reddit etc, users that tried more than one typically observed they give different results and recommendations due to different default assumptions.
Best tool is going to be dependent on what you are looking for it to do and what you are willing to spend.
re: Insurance claim
Posted by TorchtheFlyingTiger on 12/4/25 at 9:12 pm to HeyCap
quote:
He owns the car but under our insurance
How does this work? I didn't realize this was a thing people did. Is he not insurable himself? And why would you potentially open yourself up to liability or rate hikes if he makes a claim on your policy?
re: Warn your wives/significant others - "Facebook hoax" may be true
Posted by TorchtheFlyingTiger on 12/4/25 at 10:04 am to udtiger
You may not want to burst her bubble. Best for her to have more situational awareness and head on swivel in future anyway. Besides, probably feeds her self esteem to believe she was chosen as a target amongst all the other women shoppers.
re: What stocks could benefit from the Trump Account (Baby Bonus)?
Posted by TorchtheFlyingTiger on 12/3/25 at 8:59 am to Tomatocantender
Who do you think is making decision to have babies for this $1k account? It isnt accessible to parent anyway. Anyone with the long term perspective to consider what these may be worth in 18 years isnt making babies because of it. If investment accounts is their motivator, personal financial costs of child rearing far exceed the $1k.
Increased child tax credit would perhaps create some immediate winners.
Even if there is a play here it would be in 18+ yrs when irresponsible young adults raid their own accounts.
Increased child tax credit would perhaps create some immediate winners.
Even if there is a play here it would be in 18+ yrs when irresponsible young adults raid their own accounts.
re: Advice wanted- Sitting on a lot of cash from sale of business
Posted by TorchtheFlyingTiger on 12/3/25 at 8:45 am to Saint5446
Lump sum right back into the market. Dont fool yourself, converting to cash and sitting on sideline is market timing not true DCA.
I would stick to index funds for vast majority of portfolio and if taking any higher risk/reward do it in tax advantaged where you dont worry about tax consequences of trades.
I dont like dividend plays but if you must, avoid holding in taxable where they will suffer tax drag. No need to generate extra taxable dividend income you dont need.
If you are already competent self managing, 1% for an advisor is more than I'd want to spend. I'd try to find a fee only advisor to QC your plan occasionally and perhaps focus on tax optimized allocation, conversion and withdrawal strategies. You probably get more benefit from good tax professional in short term.
Diversification into other asset classes is probably good idea.
As for building out commercial real estate and active trading, be sure to weigh the value of your time. Even if you enjoy it now, it might be an unnecessary mental burden in a market downturn. Your time is likely better spent in your field of expertise.
I would stick to index funds for vast majority of portfolio and if taking any higher risk/reward do it in tax advantaged where you dont worry about tax consequences of trades.
I dont like dividend plays but if you must, avoid holding in taxable where they will suffer tax drag. No need to generate extra taxable dividend income you dont need.
If you are already competent self managing, 1% for an advisor is more than I'd want to spend. I'd try to find a fee only advisor to QC your plan occasionally and perhaps focus on tax optimized allocation, conversion and withdrawal strategies. You probably get more benefit from good tax professional in short term.
Diversification into other asset classes is probably good idea.
As for building out commercial real estate and active trading, be sure to weigh the value of your time. Even if you enjoy it now, it might be an unnecessary mental burden in a market downturn. Your time is likely better spent in your field of expertise.
re: Need to refi home equity loan and take some cash….
Posted by TorchtheFlyingTiger on 12/2/25 at 9:23 am to Mingo Was His NameO
Looking back, is this the same $15k you plan to spend on a car for your son? (Posted back in Aug planning to buy in a yr talk-me-out-of-a-401k-loan ) If you have to mortgage ypur home to make it happen, you simply cant afford to buy it for him. I didnt have a car until junior year of college because I worked but didnt save. If you must, just take out an auto loan from local credit union. Many offer low auto rates to bring in customers. Arkansas Federal CU is advertising as low as 3.99% for example.
Borrowing against your retirement or home to buy a depreciating asset for a child is financially reckless.
Borrowing against your retirement or home to buy a depreciating asset for a child is financially reckless.
re: Need to refi home equity loan and take some cash….
Posted by TorchtheFlyingTiger on 12/2/25 at 7:30 am to xBirdx
More reason to wait. You'd be unnecessarily accruing an additional 8 months of higher interest rate on existing equity loan balance. It might make more sense to keep the lower rate and borrow the $15k when needed on a separate HELOC or personal loan, especially if the existing loan is high balance.
re: Need to refi home equity loan and take some cash….
Posted by TorchtheFlyingTiger on 12/1/25 at 11:50 pm to xBirdx
Take it now means you will start accruing interest on the entire $15k (plus possibly higher rate.on existing home equity loan balance). Better to set aside the extra payments you'd be making and borrow less when time comes that you actually need it. What is your current home equity loan rate?
re: get your jerseys here!
Posted by TorchtheFlyingTiger on 12/1/25 at 12:00 pm to Russianblue
Eaux douce!
re: Who else is starting hot yoga this week?
Posted by TorchtheFlyingTiger on 12/1/25 at 10:35 am to SirWinston
I thought it was just me. I looked up local options just the other day. I've wanting to add sauna to routine and need to improve flexibility.
re: Roth question
Posted by TorchtheFlyingTiger on 11/30/25 at 9:21 pm to LChama
No, cash contributions only. You'd have to sell the shares first.
re: Anyone here taking creatine monohydrate on the regular?
Posted by TorchtheFlyingTiger on 11/30/25 at 1:01 pm to Sassafrasology
Yes 10g but inconsistently (probably remember 3-4 days/wk) maybe that's why I haven't ever noticed any effects
re: Can we agree that Lane obviously didn't sign his Ole Miss extension?
Posted by TorchtheFlyingTiger on 11/29/25 at 7:00 pm to Mobiletiggah
Waiting much longer is going to erode his recruiting at either school. He's going to take blame either way when OM inevitably loses in playoff. Everyone knows his days at OM are numbered unless they sign the massive extension now.
re: Elon and Huang on stage
Posted by TorchtheFlyingTiger on 11/19/25 at 12:31 pm to SlidellCajun
Sounds like Saudi already just w humanoid robots instead of TCNs (Third country nationals).
They couldnt care less about poverty until it impacts their ability to recruit and exploit desperate third world laborers. Then they might have to buy some robots of their own.
They couldnt care less about poverty until it impacts their ability to recruit and exploit desperate third world laborers. Then they might have to buy some robots of their own.
re: Tesla in shambles; Toyota debuts electric Hilux with 140 mile range
Posted by TorchtheFlyingTiger on 11/19/25 at 8:20 am to CAD703X
150 miles would meet my need for local driving. The family car is what we use for road trips anyway. If price is right I'd consider it.
re: Interesting financial question for my military folks
Posted by TorchtheFlyingTiger on 11/16/25 at 7:37 pm to PetroBabich
Zillow shows last sale for $540k in 2017, easily affordable on a military retirement and defense contractor salary. Guessing OP took opportunity to cash out refinance when rates were low about 4.5 yrs ago (55 months).
re: It’s a beautiful morning to be a taxpayer in EBR
Posted by TorchtheFlyingTiger on 11/16/25 at 3:24 pm to FLObserver
quote:How? Is it homesteaded? Honestly wondering because I think I understand how it works but maybe not. Haven't been here long enough to experience it myself. I have family that want to move here but see these anecdotal bits online that make them fear their taxes would soar which doesn't make sense to me. What am I missing? Are actual primary home property taxes for long time residents really sky rocketing a despite level millage rates and SOH protections?
My property taxes have pretty much tripled in the 5 to 10 year with that last 5 years
re: It’s a beautiful morning to be a taxpayer in EBR
Posted by TorchtheFlyingTiger on 11/16/25 at 7:41 am to FLObserver
I keep hearing this complaint from Jax residents. But council just passed a millage rate reduction and Save Our Homes caps property assessment increases to 3% per year. Millage rate is nearly flat over 5 years. The increased tax collections come from non homestead properties, changed owners, new construction etc. Yet, people quote that 57% increased collections as if their individual bill went up 57%.
re: Interesting financial question for my military folks
Posted by TorchtheFlyingTiger on 11/15/25 at 5:28 pm to oneg8rh8r
Not exactly your question but would you have enough remaining eligibility to cover 25% of next purchase? From what I'm reading that's all you may need for another VA loan rather than the entire purchase price.
The low rate assumption has a value for buyer but they still need to come up w cash to buy you out of your equity position or get a second mortgage which I'd assume is higher rate than a first. May be a niche buyer you're looking for. Is it listed on sites for assumable loans where such buyers are likely shopping? ETA: not showing up on ROAM or ASSUMABLE
The low rate assumption has a value for buyer but they still need to come up w cash to buy you out of your equity position or get a second mortgage which I'd assume is higher rate than a first. May be a niche buyer you're looking for. Is it listed on sites for assumable loans where such buyers are likely shopping? ETA: not showing up on ROAM or ASSUMABLE
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