Search found 12263 matches

by TomatoTomahto
Fri May 14, 2021 8:31 pm
Forum: Personal Finance (Not Investing)
Topic: Can a beneficiary give a gift to an irrevocable trust?
Replies: 26
Views: 1347

Re: Can a beneficiary give a gift to an irrevocable trust?

bostondan wrote: Fri May 14, 2021 8:23 pm . . . it was mostly hypothetical from a conversation about trusts with some colleagues.
Maybe you and your colleagues should stick to discussing politics, sex, and religion. :sharebeer
by TomatoTomahto
Fri May 14, 2021 7:19 am
Forum: Personal Finance (Not Investing)
Topic: How much would you budget for a typical wedding?
Replies: 117
Views: 6436

Re: How much would you budget for a typical wedding?

It is normal to have both families chip in? In today's world everyone wants equality...This is a great opportunity to split the cost, right? And to further the equality, it’s also an opportunity not to make financial contributions dependent on lifestyle choices. We are perhaps obsessive about givin...
by TomatoTomahto
Thu May 13, 2021 2:35 pm
Forum: Investing - Theory, News & General
Topic: $365 billion wiped off cryptocurrency market after Musk tweet
Replies: 108
Views: 8486

Re: $365 billion wiped off cryptocurrency market after Musk tweet

The form something takes is irrelevant. Money in your bank account is just 0s and 1s on some bank's' computers. Equity shares you own are just 0s and 1s on some brokerage's/custodian's computers. It doesn't mean that those deposits or those shares don't have value or don't exist. I get that, but st...
by TomatoTomahto
Thu May 13, 2021 10:34 am
Forum: Personal Consumer Issues
Topic: Hiking solo in the [Smoky] Mountains
Replies: 65
Views: 4233

Re: Hiking solo in the Smoking Mountains

augustwest73 wrote: Thu May 13, 2021 10:20 am Grizzly bear poop has little bells in it and smells like pepper
spray.
Hahahaha.
by TomatoTomahto
Thu May 13, 2021 8:18 am
Forum: Investing - Theory, News & General
Topic: $365 billion wiped off cryptocurrency market after Musk tweet
Replies: 108
Views: 8486

Re: $365 billion wiped off cryptocurrency market after Musk tweet

I feel like Musk has become a messiah figure to his fans. And now it feels like he’s engaging in blatant market manipulation right out in the open. I mean just a couple days ago he said SpaceX was going to accept Doge....who’s going to pay for a launch in Doge?? This was right after he called it a ...
by TomatoTomahto
Thu May 13, 2021 8:07 am
Forum: Investing - Theory, News & General
Topic: $365 billion wiped off cryptocurrency market after Musk tweet
Replies: 108
Views: 8486

Re: $365 billion wiped off cryptocurrency market after Musk tweet

I don’t want to turn this into a thread about Elon Musk (genius or charlatan or both), but I was not happy that Tesla was involved in such an egregious misuse of electricity as Bitcoin.
by TomatoTomahto
Thu May 13, 2021 8:00 am
Forum: Personal Finance (Not Investing)
Topic: How much would you budget for a typical wedding?
Replies: 117
Views: 6436

Re: How much would you budget for a typical wedding?

I am a very romantic person. But I encourage my kids to get married at Town Hall if they’re going to bother with a formal marriage at all until much later in life (when it becomes advantageous). My spend on my two marriages is probably under $100. True to my nature, I believe in “telling moments.” O...
by TomatoTomahto
Thu May 13, 2021 7:44 am
Forum: Personal Investments
Topic: 10 million dollar dilemma
Replies: 43
Views: 6933

Re: 10 million dollar dilemma

Look at some of the “you’ve won the game, so quit playing” threads. You might be a candidate for a Liability Matching Portfolio (LMP) or maybe one of the variations. That said, your annual spend is high, and while you’re ahead in the second period, you might not have “won the game.” Apologies for th...
by TomatoTomahto
Wed May 12, 2021 8:28 am
Forum: Personal Finance (Not Investing)
Topic: Cheaper house and private school or more expensive house and public school?
Replies: 35
Views: 2459

Re: Cheaper house and private school or more expensive house and public school?

How do you decide how good a public school is? Do you look at some ratings online? Yes, you can determine the school ranking this way. Whether a top ranked school equates to a "good" school is the questionable aspect of the calculation. In my experience, top ranked schools attest more to ...
by TomatoTomahto
Wed May 12, 2021 8:20 am
Forum: Personal Investments
Topic: Selling RSU
Replies: 64
Views: 2810

Re: Selling RSU

fortunefavored wrote: Wed May 12, 2021 8:15 am My experience is executives are just random people who fell into the right time/right place. The idea of the "genius" executive is as mythic as the "genius" active fund manager!
Ain’t that the truth!!!! The more I’ve seen, the less impressed I am.
by TomatoTomahto
Wed May 12, 2021 6:48 am
Forum: Personal Investments
Topic: Selling RSU
Replies: 64
Views: 2810

Re: Selling RSU

If you have no special insight, you should treat it like any other individual stock that is a black box. Most people think they know something about the company they work for, but outside the executive halls.. you have no idea what bad decisions or risks they are taking on (I'd love to give specifi...
by TomatoTomahto
Tue May 11, 2021 10:36 am
Forum: Investing - Theory, News & General
Topic: Why the disdain for managed funds like ARKK that destroy total market funds?
Replies: 962
Views: 81853

Re: Why the disdain for managed funds like ARKK that destroy total market funds?

I have no skin in the game but I really hope ARKK takes off again just to pour some water on the schadenfreude going on here. Schadenfreude? Hell, I was gonna put some of our play money into this. As my son reminds me (he’s the one who talked me out of it), I picked ARKK’s top about to the day! I a...
by TomatoTomahto
Tue May 11, 2021 9:52 am
Forum: Personal Investments
Topic: Why not put everything in SPHD and be done with it?
Replies: 31
Views: 3800

Re: Why not put everything in SPHD and be done with it?

Great responses thus far. Im not considering going all in on this ETF. As a member/ student of this forum, I know better thanks to all my mentors here. I just needed intelligent arguments to counter/ educate coworkers who sing the praises of such ETFs. Although, reading all the reponses here has be...
by TomatoTomahto
Tue May 11, 2021 9:07 am
Forum: Personal Finance (Not Investing)
Topic: Parents windfall/annuities
Replies: 10
Views: 1299

Re: Parents windfall/annuities

I would tread lightly if they haven’t asked you to manage their assets, especially if they are still talking to a “sales guy.”
by TomatoTomahto
Tue May 11, 2021 9:02 am
Forum: Investing - Theory, News & General
Topic: Why the disdain for managed funds like ARKK that destroy total market funds?
Replies: 962
Views: 81853

Re: Why the disdain for managed funds like ARKK that destroy total market funds?

Brianmcg321 wrote: Mon May 10, 2021 7:34 pm
Mountain Doc wrote: Mon May 10, 2021 5:36 pm This thread is another amazing example of why chasing recent performance is so dangerous. This thread was literally started at the VERY top for ARKK, and since then it is down 34% while VTI is up 4%.
Where did OP go?
Last logged in on Feb 22, 2021.
by TomatoTomahto
Mon May 10, 2021 1:39 pm
Forum: Personal Investments
Topic: Why not put everything in SPHD and be done with it?
Replies: 31
Views: 3800

Re: Why not put everything in SPHD and be done with it?

Uh, let me ask the other way. Why would I want any high dividend low volatility S&P 500 (or whatever SPHD is), much less everything in that fund?
by TomatoTomahto
Mon May 10, 2021 9:00 am
Forum: Personal Consumer Issues
Topic: Are there quiet central air conditioners (the outside unit)?
Replies: 18
Views: 1516

Re: Are there quiet central air conditioners (the outside unit)?

adamthesmythe wrote: Sun May 09, 2021 6:26 pm Double-paned windows will help if you don't have them yet. Triple-paned will be even better. The brand is not as important as the construction. Installation will also matter.
Triple paned will also insulate much better, so less need for AC. Variable speed plus triple pane; BINGO!
by TomatoTomahto
Mon May 10, 2021 8:28 am
Forum: Investing - Theory, News & General
Topic: RIP David Swensen
Replies: 57
Views: 8701

Re: RIP David Swensen

Swensen's legacy unfortunately includes the trillions of dollars of under-performance that resulted from the many pension consultants and investment advisors who tried to copy his approach, but only ended up with higher fees and lower returns. So while many such as the Bogleheads benefited from the...
by TomatoTomahto
Mon May 10, 2021 6:47 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 6703
Views: 1464656

Re: What Movie Have You Recently Watched?

Nicolas wrote: Sun May 09, 2021 6:24 pm Also that everyone in the film was quite good looking, this much I remember.
I think you might have remembered the crux of the flick.
by TomatoTomahto
Sun May 09, 2021 7:17 pm
Forum: Personal Consumer Issues
Topic: Tesla’s regenerative braking
Replies: 36
Views: 2689

Re: Tesla’s regenerative braking

angelescrest wrote: Sun May 09, 2021 7:16 pm
TomatoTomahto wrote: Sun May 09, 2021 9:03 am OP, I also test drove a Model Y last week. It’s light years more advanced than my 2016 Model X.
How so?
The seats felt better, it was quieter, and the sensors had a much more comprehensive idea of what was happening on the road.
by TomatoTomahto
Sun May 09, 2021 7:03 pm
Forum: Personal Finance (Not Investing)
Topic: New York Estate taxation cliff
Replies: 3
Views: 512

Re: New York Estate taxation cliff

We are in MA, which also has a cliff. Talk to an estate attorney.
by TomatoTomahto
Sun May 09, 2021 3:29 pm
Forum: Personal Consumer Issues
Topic: Tesla’s regenerative braking
Replies: 36
Views: 2689

Re: Tesla’s regenerative braking

As a long-time and very satisfied Tesla owner, it will be a bit of an adjustment for you to probably never have to get a brake reline during the life of the car. IMO a nice kind of "problem." I think I once figured out that, based on the wear and mileage, I was likely to go more than 250k...
by TomatoTomahto
Sun May 09, 2021 2:32 pm
Forum: Personal Investments
Topic: Does anyone hold Vanguard Windsor II or Wellington?
Replies: 30
Views: 3384

Re: Does anyone hold Vanguard Windsor II or Wellington?

m@ver1ck wrote: Sun May 09, 2021 12:40 pm I’ve got around 250K (out of 200K) of my portfolio in Wellington and Golbal Wellington combined.
I don’t have any Wellington, but if I could manage your trick (250k of 200k), I would reconsider. :D
by TomatoTomahto
Sun May 09, 2021 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Options for wealth inheritance (difficulties expected)
Replies: 26
Views: 3596

Re: Options for wealth inheritance (difficulties expected)

OP, kudos for treating your children equally; it might not occur during your lifetime, but it will be noted by the “not currently close” child. We have some similar family dynamics, but also different. We made one of our children responsible for investing decisions for the trusts, but quite emphatic...
by TomatoTomahto
Sun May 09, 2021 11:32 am
Forum: Personal Finance (Not Investing)
Topic: Monthly bonus - taxed at 25%
Replies: 10
Views: 952

Re: Monthly bonus - taxed at 25%

Do not confuse withholding with tax. They are not the same thing. To make this more explicit for the OP: your bonus is NOT taxed at a flat 25%. Rather, taxes are withheld at that rate. At the end of the year when you file, bonuses are treated the same as the rest of your wage income. I’m glad you b...
by TomatoTomahto
Sun May 09, 2021 10:17 am
Forum: Personal Consumer Issues
Topic: Tesla’s regenerative braking
Replies: 36
Views: 2689

Re: Tesla’s regenerative braking

Is a Tesla with full regenerative breaking incapable of freely coasting? Perhaps it's time for a test drive. No, it is capable of it if you apply the right amount of “go pedal.” In fact, there is a dashboard indication of electrons to the motor, battery, or neither if you’re a visual learner (I’m a...
by TomatoTomahto
Sun May 09, 2021 10:12 am
Forum: Personal Finance (Not Investing)
Topic: Monthly bonus - taxed at 25%
Replies: 10
Views: 952

Re: Monthly bonus - taxed at 25%

Reduce your withholding for the rest of the year so that come tax time, you aren't owed a large refund. Right. Compute how much tax is required for safe harbor,and don't have another dime withheld from your regular pay. IRS bonus % is 22, not 25. Is the extra 3% state? OP, welcome to the forum. It’...
by TomatoTomahto
Sun May 09, 2021 9:41 am
Forum: Personal Consumer Issues
Topic: Tesla’s regenerative braking
Replies: 36
Views: 2689

Re: Tesla’s regenerative braking

MathWizard wrote: Sun May 09, 2021 9:27 am Does a pure electric start braking, hopefully mildly, as soon as you let up on the accelerator?
Yes, and it will light up the “brake lights.” It’s a pretty natural amount of braking, ie, if you lighten up on the pedal it will brake mildly, and then graduate from there.
by TomatoTomahto
Sun May 09, 2021 9:22 am
Forum: Personal Consumer Issues
Topic: Tesla’s regenerative braking
Replies: 36
Views: 2689

Re: Tesla’s regenerative braking

If I had to guess, I would wager that a new Model Y will have far fewer issues than my Model X. Tesla learned a lot over the years, and I think even Elon admitted that his ambitions for the X got ahead of him. The Y I test drove last week was very impressive. The X is overly complicated. I still lov...
by TomatoTomahto
Sun May 09, 2021 9:03 am
Forum: Personal Consumer Issues
Topic: Tesla’s regenerative braking
Replies: 36
Views: 2689

Re: Tesla’s regenerative braking

It took me two days to get used to it. Now it bugs me when it is diminished (it is diminished when the car is cold and/or charged full). I got accustomed to one pedal driving literally overnight. Same here - took me about 1-2 days and then it was second nature. Now when I drive my wife’s car, I’m l...
by TomatoTomahto
Sun May 09, 2021 8:37 am
Forum: Personal Consumer Issues
Topic: Tesla’s regenerative braking
Replies: 36
Views: 2689

Re: Tesla’s regenerative braking

We’ve been thinking of buying an EV, specifically a Tesla. So, yesterday I test drove model Y. I liked the car overall but one thing that really annoyed me was regenerative braking, which the sales guy said was standard on all the latest models and can’t be turned off. I’m wondering if I will ever ...
by TomatoTomahto
Sun May 09, 2021 8:01 am
Forum: Personal Finance (Not Investing)
Topic: Please Weigh In, Can't Ask Anyone Else - Burial Planning
Replies: 52
Views: 4281

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

By pure serendipity, there is a cemetery within easy walking distance of our home where my husband had often liked to walk recreationally over the 23 years we had lived in this home and it had a new "green burial" section with a wildflower meadow adjacent to a Nature Conservancy property ...
by TomatoTomahto
Sat May 08, 2021 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: Streaming Services now collecting state tax?
Replies: 8
Views: 876

Re: Streaming Services now collecting state tax?

I’m not someone who loves paying taxes, but why wouldn’t states tax streaming services?
by TomatoTomahto
Sat May 08, 2021 1:11 pm
Forum: Investing - Theory, News & General
Topic: Why the disdain for managed funds like ARKK that destroy total market funds?
Replies: 962
Views: 81853

Re: Why the disdain for managed funds like ARKK that destroy total market funds?

Maybe VW took their lesson learned from that debacle and is making significant strides to be a better company as a result. That's how I perceive the current leadership of VW I probably shouldn’t have gone OT, so apologies. I hope that your perception turns out to be accurate. Disclosure: owned 3 VW...
by TomatoTomahto
Sat May 08, 2021 12:56 pm
Forum: Investing - Theory, News & General
Topic: Why the disdain for managed funds like ARKK that destroy total market funds?
Replies: 962
Views: 81853

Re: Why the disdain for managed funds like ARKK that destroy total market funds?

Nathan Drake wrote: Sat May 08, 2021 12:28 pm Is VW on the wrong side of change vs Tesla just because they were later to EVs?
I agree with a lot of your post, but in this short snippet, I’d say that “VW is on the wrong side of change” because their shameful diesel emissions cheating showed how they were willing to turn engineers into liars.
by TomatoTomahto
Sat May 08, 2021 9:04 am
Forum: Personal Finance (Not Investing)
Topic: Received W2 next year after leaving employer
Replies: 39
Views: 2537

Re: Received W2 next year after leaving employer

Probably a good idea to change the address now for future vesting. They likely aren’t able to retroactively change the state reported in box 15 of the W2 as all of their historical personnel information will show a NY address at the time of vesting. It’s now the recipients responsibility to prove t...
by TomatoTomahto
Fri May 07, 2021 4:08 pm
Forum: Personal Consumer Issues
Topic: snow plow pricing
Replies: 45
Views: 3337

Re: snow plow pricing

OldBallCoach wrote: Tue Mar 16, 2021 7:23 pm In our area they charge 25 bucks to drive by and spit on your place.
Hey, I didn’t know we were neighbors :beer
by TomatoTomahto
Fri May 07, 2021 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: Received W2 next year after leaving employer
Replies: 39
Views: 2537

Re: Received W2 next year after leaving employer

I don't know a whole lot about stock compensation. But a couple questions that may help others provide you with the answer. Are you sure they're RSUs and not restricted stock? I think that RSU stands for Restricted Stock Units. Options are something different. Have I been mistaken all these years? ...
by TomatoTomahto
Fri May 07, 2021 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: Received W2 next year after leaving employer
Replies: 39
Views: 2537

Re: Received W2 next year after leaving employer

I don't know a whole lot about stock compensation. But a couple questions that may help others provide you with the answer. Are you sure they're RSUs and not restricted stock? I think that RSU stands for Restricted Stock Units. Options are something different. Have I been mistaken all these years?
by TomatoTomahto
Fri May 07, 2021 6:27 am
Forum: Personal Finance (Not Investing)
Topic: Large House / Confused On Remodel
Replies: 12
Views: 1173

Re: Large House / Confused On Remodel

We recently did something similar, but we are much older than you. We LOVE the home we have created. Time will tell if it was a financial win, but if I’m being honest, who cares? While we have essentially redone the whole house, we did it in two major phases: 1. Did gut renovation of ground floor. 3...
by TomatoTomahto
Fri May 07, 2021 5:58 am
Forum: Personal Consumer Issues
Topic: HVAC in Texas: how long to use band-aids?
Replies: 61
Views: 3647

Re: HVAC in Texas: how long to use band-aids?

boomer_techie wrote: Fri May 07, 2021 3:06 am I'm not being cheap: No FIOS available - I'd be all over it. As for the cable company, I'm philosophically (and pol*beep*ly) opposed to their business practices. BTW, "she".
My apologies for my clumsy use of pronoun.
by TomatoTomahto
Thu May 06, 2021 5:18 pm
Forum: Personal Consumer Issues
Topic: HVAC in Texas: how long to use band-aids?
Replies: 61
Views: 3647

Re: HVAC in Texas: how long to use band-aids?

Vulcan wrote: Thu May 06, 2021 5:07 pm This is even more entertaining than the regular "is expensive college worth it" threads.
There’s a recent thread where OP’s DSL has been out for more than two weeks, but he’s reluctant to autopay for cable or Fios. I only think of myself as a spendthrift here on BH.
by TomatoTomahto
Thu May 06, 2021 2:18 pm
Forum: Personal Consumer Issues
Topic: Jacuzzi tub in master bathroom not used in long time
Replies: 5
Views: 874

Re: Jacuzzi tub in master bathroom not used in long time

It may be time to consider a bathroom renovation to replace the tub with a soaking tub (as we did). Ding ding ding. My wife’s trip to Japan was expensive. Not airfare or hotels, but the Toto washlets and soaking tub that became necessities. :D The previous owner had a Jacuzzi that I don’t believe t...
by TomatoTomahto
Thu May 06, 2021 1:36 pm
Forum: Personal Consumer Issues
Topic: Anyone hate where they live primarily because of the weather?
Replies: 155
Views: 10688

Re: Anyone hate where they live primarily because of the weather?

It's May 5 and I'm still in a sweatshirt and sleeping in flannel sheets, and have been since last Oct. Well, I’m near Boston and the weather is wonderful. I’m wearing a flannel shirt, but I’m sitting by the pool (I won’t swim, but my wife will, quickly). The birds are coming back (we have eggs in t...
by TomatoTomahto
Thu May 06, 2021 1:31 pm
Forum: Investing - Theory, News & General
Topic: [Question About Fund Tickers]
Replies: 7
Views: 437

Re: Dum Question

Apocryphal story: a University of Maryland ornithologist prided himself on remembering every student’s name even in large classes. One year he realized that for every student he remembered, he’d forget the name of a bird. He apologized to his class and told them, “from now on, boys are John and girl...
by TomatoTomahto
Thu May 06, 2021 1:24 pm
Forum: Personal Consumer Issues
Topic: Anyone hate where they live primarily because of the weather?
Replies: 155
Views: 10688

Re: Anyone hate where they live primarily because of the weather?

It's May 5 and I'm still in a sweatshirt and sleeping in flannel sheets , and have been since last Oct. Well, I’m near Boston and the weather is wonderful. I’m wearing a flannel shirt, but I’m sitting by the pool (I won’t swim, but my wife will, quickly). The birds are coming back (we have eggs in ...
by TomatoTomahto
Thu May 06, 2021 12:50 pm
Forum: Personal Investments
Topic: Is it acceptable for 30 year old with $2 million to have 100% all in diversified total world stock index funds?
Replies: 48
Views: 4973

Re: Is it acceptable for 30 year old with $2 million to have 100% all in diversified total world stock index funds?

I advise my kids, somewhat younger than you, that their human capital so massively outweighs their financial capital that they don’t need bonds.
by TomatoTomahto
Thu May 06, 2021 12:22 pm
Forum: Investing - Theory, News & General
Topic: Funny Matt Levine
Replies: 3
Views: 870

Funny Matt Levine

Sometimes he makes me actually LOL Just imagine traveling 10 years back in time and trying to explain this to someone; just imagine what an idiot you’d feel like. “There’s going to be this online currency that people think is a form of digital gold, and then there’s going to be a different online cu...
by TomatoTomahto
Thu May 06, 2021 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: Did I hire a bad property manager?
Replies: 21
Views: 2543

Re: Did I hire a bad property manager?

I have thought about doing a long distance rental, and because of the above, the only contract I would ever enter into would involve at least part of the contract stating that the the property manager would get a share of the profit. You have to give them an incentive to keep costs down. I would th...