Search found 7058 matches

by 123
Mon Apr 12, 2021 8:14 pm
Forum: Personal Finance (Not Investing)
Topic: Defined Benefit Pension Plan
Replies: 29
Views: 1309

Re: Defined Benefit Pension Plan

This is a great way to turn potential long-term capital gains tax gains into ordinary income. I suspect you could afford to buy-and-hold. And you are doing this to save taxes?
by 123
Mon Apr 12, 2021 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: Strategy for passing your Digital Assets upon your death?
Replies: 27
Views: 1233

Re: Strategy for passing your Digital Assets upon your death?

For financial accounts they are all set up as joint tenancy or with beneficiaries. We get paper statements for the primary purpose of any survivor to be able to identify accounts and their status. Spouse isn't very interested in it but I prepare a semi-annual spreadsheet listing all accounts, balanc...
by 123
Mon Apr 12, 2021 12:27 am
Forum: Personal Consumer Issues
Topic: What do you do with well worn clothing?
Replies: 38
Views: 2875

Re: What do you do with well worn clothing?

Our local trash service, operated by Recology, has recycling options for lots of things. For worn clothing, rags, towels, fabrics etc we are supposed to put them in a large clear plastic bag and place them in our blue recycling bin. You may want to check with your trash service to see what recycling...
by 123
Sun Apr 11, 2021 9:00 pm
Forum: Personal Finance (Not Investing)
Topic: Transfer out from E-Trade and consolidate with Vanguard, or not?
Replies: 11
Views: 556

Re: Transfer out from E-Trade and consolidate with Vanguard, or not?

With $5M+ in assets you may be better off consolidating at Fidelity or Schwab just due to the decline in Vanguard customer service that has been noted consistently in various posts. Of course the one advantage that Vanguard has as an consolidation brokerage is that in the event of a death of an acco...
by 123
Sun Apr 11, 2021 8:22 pm
Forum: Personal Consumer Issues
Topic: Would you preemptively replace your Roof
Replies: 51
Views: 3298

Re: Would you preemptively replace your Roof

We did a gut remodel on a house before we moved in. The existing roof probably had at least 5 - 10 years of life left but we didn't want to have to possibly deal with the roof replacement time symptoms (leaks) after moving in. Preemptively replacing the roof helped us to sleep well at night.
by 123
Sun Apr 11, 2021 3:51 pm
Forum: Personal Consumer Issues
Topic: Marantec: Are Rolling Code Garage Door Openers Really Necessary?
Replies: 9
Views: 867

Re: Marantec: Are Rolling Code Garage Door Openers Really Necessary?

I've anchored on a Marantec Synergy 370B DC belt drive because it is supposedly the quietest garage door opener available today. But it doesn't have a rolling code feature which has been standard on Genie and LiftMaster/Chamberlain openers for decades ... My read of their technology pagehttps://www...
by 123
Sun Apr 11, 2021 2:31 pm
Forum: Personal Investments
Topic: transfer betterment to vanguard?
Replies: 11
Views: 977

Re: transfer betterment to vanguard?

...Lessons learned:... 2. don't "experiment" with relatively new brokers i.e. Betterment, who do not have a proven business model (hence their periodic increases in fees). +1 With the rapid development of financial technologies we see a lot of start-ups offering very innovative services a...
by 123
Sun Apr 11, 2021 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: Financing to Purchase Law Firm
Replies: 45
Views: 3553

Re: Financing to Purchase Law Firm

I'm not a lawyer but I appreciate the business side of various enterprises. In this situation I would guess that likely half of the purchase price is based on the intangible "goodwill" of the enterprise, it's reputation and brand. That's likely that part that it's hard to get financing for...
by 123
Sun Apr 11, 2021 11:20 am
Forum: Personal Consumer Issues
Topic: USPS Delivery issues
Replies: 35
Views: 2413

Re: USPS Delivery issues

I have found that USPS performs excellent for me when I send regular first class mail. It is fast and fairly inexpensive. When I've used tracking or a service like Priority Mail, which sometimes you may need to, I've often been disappointed. From my experience there's a certain magic, mysteriousness...
by 123
Sat Apr 10, 2021 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: Theory: The Only Four Situations Justifying Debt
Replies: 103
Views: 6968

Re: Theory: The Only Four Situations Justifying Debt

...3. Beating a deadline to make retirement contributions or repayments... If you have to borrow to contribute to a retirement plan or make a repayment you are a lost cause. This situation is clear evidence of a lack of planning and budgeting that is likely an on-going chronic condition. Borrowing ...
by 123
Fri Apr 09, 2021 11:14 pm
Forum: Personal Finance (Not Investing)
Topic: Financing to Purchase Law Firm
Replies: 45
Views: 3553

Re: Financing to Purchase Law Firm

Unless you've got the cash, or other assets that can serve as collateral, it would seem that it might be more economically feasible to hang out your own new independent shingle elsewhere. Do you have any other professional colleagues, either at the firm or elsewhere, who have significant assets and ...
by 123
Fri Apr 09, 2021 11:00 pm
Forum: Personal Consumer Issues
Topic: Electric water heater for a confined space
Replies: 20
Views: 1221

Re: Electric water heater for a confined space

Ask your condo HOA president or member of the governing board. The same battle has likely been dealt with in other units and they may be able to give you some guidance about what works and what doesn't. Some condo associations have relationships with plumbers who are familiar with how their plumbing...
by 123
Fri Apr 09, 2021 8:21 pm
Forum: Personal Finance (Not Investing)
Topic: In-Laws' HOA demanding $8000 lumpsum payment
Replies: 91
Views: 10469

Re: In-Laws' HOA demanding $8000 lumpsum payment

Another potential deep-pocket to consider is the real estate agents and/or brokers involved on both the buyer's and seller's side.

If it was a "for sale by owner" (FSBO) this is one of the risks the buyer may potentially have to bear.
by 123
Fri Apr 09, 2021 8:12 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security decsion
Replies: 7
Views: 894

Re: Social Security decsion

...is there any reason either one should take Social Security before they are forced to do so because of age? No one is every forced to take Social Security. You can totally ignore it if you wish. You can sign up for Medicare at 65 without signing up for monthly benefits. If you want part B of Medi...
by 123
Fri Apr 09, 2021 7:08 pm
Forum: Personal Finance (Not Investing)
Topic: Help with making large mortgage principal payment
Replies: 9
Views: 776

Re: Help with making large mortgage principal payment

Send a check in the mail with a note on the check and a separate letter with the check that it is an extra payment to be applied to the principal of the loan. Or you could contact your mortgage servicer and ask them for the method that works best with them. Sending a paper check is the only pay to c...
by 123
Fri Apr 09, 2021 3:31 pm
Forum: Personal Consumer Issues
Topic: The Great Swing Set Dilemma
Replies: 52
Views: 4209

Re: The Great Swing Set Dilemma

I guess somebody still makes simply swingshttps://www.amazon.com/KLB-Sport-Frame-Metal-Swing/dp/B07TF56G1B/ref=sr_1_46?dchild=1&keywords=swing+set&qid=1617999538&sr=8-46 I'd suggest a simple swing (preceding link) and a playhouse like https://www.amazon.com/Backyard-Discovery-Timberlake-...
by 123
Fri Apr 09, 2021 12:35 am
Forum: Personal Investments
Topic: Help! Vanguard lost my money in a 403b trustee transfer
Replies: 9
Views: 1644

Re: Help! Vanguard lost my money in a 403b trustee transfer

If the third party administrator for the 403b plan is Newport Group on both sides of the transfer you should focus your efforts on them. I suspect Vanguard is just the custodian and that all the paperwork goes through the Newport Group as the administrator of the plans. You likely need to hold Newpo...
by 123
Thu Apr 08, 2021 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: Upgrade current home or move - financial variables
Replies: 10
Views: 832

Re: Upgrade current home or move - financial variables

What if the housing market and economic conditions aren't as "rosy" over the next 7 years? What is the net impact if no increase in value of property or there is a 10% decline in local property values? There's nothing wrong with improving your home or buying another one. It just gets hard ...
by 123
Thu Apr 08, 2021 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: when to claim social security: self and spouse
Replies: 8
Views: 701

Re: when to claim social security: self and spouse

If you don't need the money the best option might be to start collecting it ASAP. If you invest the payments you start to receive it's possible that the investment returns (after taxes) would increase your income more than waiting out the actuarial tables like common folk. There's a lot of time betw...
by 123
Thu Apr 08, 2021 12:08 am
Forum: Personal Investments
Topic: HELP - How to Allocate $5M in retirement funds
Replies: 19
Views: 3169

Re: HELP - How to Allocate $5M in retirement funds

I like retired@50's recommendations. To reiterate and take it further: 1. Make Roth 100% Total Stock Market 2. Rollover the 401K account into the IRA account (merging them to simplify) 3. Invest the merged IRA account 100% in VBIAX Vanguard Balanced Index Fund (60% Stocks- 40% Bonds) VBIAX is low ex...
by 123
Wed Apr 07, 2021 8:45 pm
Forum: Personal Consumer Issues
Topic: Windows 7 key fraud?
Replies: 17
Views: 1808

Re: Windows 7 key fraud?

...I looked it up, and it turns it that after 180 days, this "license" is going to run out. Did I just buy a laptop without a legitimate Windows 7 key? Perhaps it will automatically renew the activation when the license runs out? I would rather not be dependent upon some third party holdi...
by 123
Wed Apr 07, 2021 8:30 pm
Forum: Personal Investments
Topic: Why not use cash for RE rentals?
Replies: 29
Views: 2443

Re: Why not use cash for RE rentals?

While college towns have traditionally been good for rental income opportunities I think the jury may still be out on whether any pandemic reimagining of university education will change things. Students will always want to get "away" to campus. I don't know if things get very virtual they...
by 123
Wed Apr 07, 2021 5:29 pm
Forum: Personal Finance (Not Investing)
Topic: how to avoid probate
Replies: 9
Views: 975

Re: how to avoid probate

As already mentioned used POD/TOD/beneficiaries on all financial accounts can make things really easy for survivors. This works well as long as all the inheritors are adults and you timely adjust things for marriages/divorces/deaths that happen along the way. It is important to periodically (maybe e...
by 123
Wed Apr 07, 2021 5:19 pm
Forum: Personal Finance (Not Investing)
Topic: Taking a paycut for a more stable state job (CA)?
Replies: 75
Views: 4610

Re: Taking a paycut for a more stable state job (CA)?

Sometimes working in a government job (city/county/state) can be pretty boring. We've got a relative who switched to a government job for the pension plan. He looked forward to the holidays and vacation days as his favorite perk. But he soon found out that the standard in his department was to minim...
by 123
Wed Apr 07, 2021 5:06 pm
Forum: Personal Consumer Issues
Topic: Gmail asking for birthdate
Replies: 14
Views: 1612

Re: Gmail asking for birthdate

It's can be useful to have one or more alternate birthdays that you can use for inconsequential places that ask for it. Usually they may want to verify that you're over some minimum required age, 13, 18, 21 or whatever. So, depending on your age, pick an alternate birthday for these situations and s...
by 123
Wed Apr 07, 2021 2:58 pm
Forum: Personal Finance (Not Investing)
Topic: Tax bill split between spouses
Replies: 81
Views: 4264

Re: Tax bill split between spouses

Marriage is about equal sharing, so share the tax brackets as they are. Calculate your taxes 2 times. First time calculate the total tax due based on her income times two (you both are equally sharing the lower tax brackets). She is liable for half of the total tax under that calculation. That half ...
by 123
Tue Apr 06, 2021 11:26 pm
Forum: Personal Finance (Not Investing)
Topic: Asking for a raise?
Replies: 10
Views: 726

Re: Asking for a raise?

If you have 20 direct reports it's time to look for a position elsewhere. Twenty direct reports overwhelms a manager with pedestrian administrative and HR issues, there is not time to establish innovative goals and train staff towards them. You can't shine as a manager with 20 direct reports, you're...
by 123
Tue Apr 06, 2021 11:19 pm
Forum: Personal Investments
Topic: Self-managed 3 Fund or Life Strategy vs Vanguard PAS for 80 year old
Replies: 12
Views: 1189

Re: Self-managed 3 Fund or Life Strategy vs Vanguard PAS for 80 year old

I would recommend Vanguard LifeStrategy Moderate Growth at 60/40. It's cheaper than PAS and if he has everything in a single fund he get automatic free rebalancing without any tax consequence!
by 123
Tue Apr 06, 2021 9:22 pm
Forum: Personal Investments
Topic: What to do with inherited Nuveen muni bonds
Replies: 9
Views: 787

Re: What to do with inherited Nuveen muni bonds

If they were mine I would sell all three Nuveen funds now. Because they are inherited any gain or loss is long-term. From this point I think there is a higher likelihood that the share price will likely decline due to rising interest rates than the reverse. The potential decline in share price due t...
by 123
Tue Apr 06, 2021 4:06 pm
Forum: Personal Investments
Topic: Financial advisor help
Replies: 22
Views: 2092

Re: Financial advisor help

The problem with seeking an "Adviser" for guidance on investment or real estate purchases is that often that is just an announcement of ignorance that the "Adviser" exploits. In recent years advisers have even modified their approach to provide "education" instead of a ...
by 123
Tue Apr 06, 2021 10:10 am
Forum: Personal Consumer Issues
Topic: Safe and secure car sale
Replies: 12
Views: 802

Re: Safe and secure car sale

...Someone who is in the country illegally may never register the car so keep this paperwork indefinitely since the car could be in a wreck five years from now and you may need to be able to prove that you sold it... I sold a vehicle and two years later I got follow-up letters for some out-of-state...
by 123
Mon Apr 05, 2021 3:50 pm
Forum: Investing - Theory, News & General
Topic: How to reallocate without selling?
Replies: 19
Views: 2063

Re: How to reallocate without selling?

Stop automatic reinvestment on (all) investments and use those funds for rebalancing. Since you never know what way the markets will go in any particular period having a pool of funds available to rebalance with can be useful. One way to reduce the need for rebalancing is to do less slice-and-dice. ...
by 123
Mon Apr 05, 2021 12:10 am
Forum: Personal Investments
Topic: What do you think should my allocation to equities be
Replies: 6
Views: 714

Re: What do you think should my allocation to equities be

Based on your description of your situation I think you are doing well. As a conservative 50/50 seems acceptable. My only concern might be where/what equities you hold to ensure that they are diversified. Edited to add: I glanced through some of your earlier posts and it seems like your investment s...
by 123
Sun Apr 04, 2021 12:01 am
Forum: Personal Finance (Not Investing)
Topic: Should I opt for deferred compensation ? seeking advise
Replies: 31
Views: 3080

Re: Should I opt for deferred compensation ? seeking advise

IIRC the distributions from a deferred compensation plan are taxed as ordinary/regular income. As a result if you invest in equities in a deferred compensation plan you will not have the advantages of long-term capital gains treatment of any gains on equity investments in the account. So the taxes o...
by 123
Sat Apr 03, 2021 9:01 pm
Forum: Personal Finance (Not Investing)
Topic: Pre-IPO stock titled as community property, then re-titled, do we retain LTCG status?
Replies: 1
Views: 277

Re: Pre-IPO stock titled as community property, then re-titled, do we retain LTCG status?

... For IRS federal LTCG purposes, what will be the date of these shares? Will they be: 1. The date I originally exercised the Incentive stock option 2. The date they were originally retitled from solely in my name to JTWROS? 3. The date they were retitled back to solely my name? Ie, 2021?... The c...
by 123
Fri Apr 02, 2021 11:13 pm
Forum: Personal Investments
Topic: Lump sum vs. Annuity...it's time to decide - need some help!
Replies: 25
Views: 2265

Re: Lump sum vs. Annuity...it's time to decide - need some help!

If you take the lump sum you are "ahead" for over 19 years based on a constant dollar. I would take the lump sum. Interest rates are at historic lows so actuarially computed pension lump sums tend to be high, its a good time to take the lump sum. If interest rates were higher the lump sum ...
by 123
Fri Apr 02, 2021 3:48 pm
Forum: Personal Consumer Issues
Topic: big box stores for fruit trees?
Replies: 10
Views: 1002

Re: big box stores for fruit trees?

The University of Wisconsin recommends "European" or "Asian" pears for growing in Wisconsin: https://fruit.webhosting.cals.wisc.edu/wp-content/uploads/sites/36/2011/06/Growing-Pears-in-Wisconsin-1.pdf If you go to a big box store's garden center they will likely have something th...
by 123
Thu Apr 01, 2021 5:00 pm
Forum: Personal Consumer Issues
Topic: Laser Printer: Buy a New One?
Replies: 54
Views: 3773

Re: Laser Printer: Buy a New One?

Your problem may just be that sheets of paper are sticking together, possibly either due to humidity or something to do with the manufacturing/packaging of the paper itself. I've always had inexpensive Brother printers and have had this problem from time to time. When I have this problem I generally...
by 123
Thu Apr 01, 2021 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: BVI as foreign corporate blocker for estate tax purposes [British Virgin Islands]
Replies: 18
Views: 1078

Re: BVI as foreign corporate blocker for estate tax purposes [British Virgin Islands]

... I am exploring to set up this BVI company, paying maybe about $1k (in HK) to set up, $1 k/year to maintain, some amount to set up the bank account; it seems acceptable from the cost perspective. Now I just have to find an estate planning attorney to make sure it is drafted properly (i.e legally...
by 123
Thu Apr 01, 2021 10:46 am
Forum: Personal Finance (Not Investing)
Topic: Stay on wife's employer health insurance, or Medicare?
Replies: 14
Views: 871

Re: STAY ON WIFE'S EMPLOYER HEALTH INSURANCE OR MEDICARE

We have an aunt and uncle in similar situation. In their case the cost of Part B and a Medicare Advantage Plan was much less than the employer's premium for spousal coverage on health insurance. It all depends on whether you can be happy with a MediGap or Medicare Advantage Plan versus the spousal a...
by 123
Wed Mar 31, 2021 8:59 pm
Forum: Personal Investments
Topic: Investment choice- surgery center vs stock market
Replies: 26
Views: 2383

Re: Investment choice- surgery center vs stock market

Since it's only 10% of your portfolio I don't see any big issue. I would think the deciding point is whether you want to hold this as a convenient tie to your former associates and "what's going on". If that's a positive then go for it, if it's a negative then hold off. Some people don't w...
by 123
Wed Mar 31, 2021 4:02 pm
Forum: Personal Consumer Issues
Topic: Curious about negative expat experiences -- why don't more people do it?
Replies: 111
Views: 10627

Re: Curious about negative expat experiences -- why don't more people do it?

Many people's careers can't accommodate expat experiences. Once kids start school they often become reluctant to leave their groups of friends. Often people have homes with mortgages that they don't want to sell or rent out or leave vacant. Many people have general fears of the unknown or new experi...
by 123
Wed Mar 31, 2021 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: How much retirement notice to give
Replies: 66
Views: 3651

Re: How much retirement notice to give

I think two weeks notice is best. If you give more than 2 weeks notice and it becomes known in the organization people will begin to treat you as a lame duck and become anxious for you to leave so the organization can move on without you. With 2 weeks notice your co-workers will value and respect yo...
by 123
Tue Mar 30, 2021 7:32 pm
Forum: Personal Finance (Not Investing)
Topic: Which State is counted for In State tuition?
Replies: 55
Views: 2864

Re: Which State is counted for In State tuition?

Though it undoubtedly cannot be relied upon as totally authoritative in regard to Indian citizenship wikipedia https://en.wikipedia.org/wiki/Indian_nationality_law#Dual_citizenship seems to suggest there are paths to Indian citizenship or dual citizenship potentially available. Some of them seem to ...
by 123
Tue Mar 30, 2021 10:18 am
Forum: Personal Finance (Not Investing)
Topic: Buying a farm
Replies: 34
Views: 4494

Re: Buying a farm

...I'm thinking the farm will sell for around 600k...I would like to start making monthly payments of 2k/month for 5 years to the land owner. After 5 years i would have paid land owner 120k. I would then like to sell my house after the 5 year mark and pay the remaining balance of 480k... The farm o...
by 123
Sun Mar 28, 2021 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: Go into private practice?
Replies: 15
Views: 2487

Re: Go into private practice?

I'm not a physician nor a person with his own business but should you go into private practice I would expect that you should expect at least five years of serious disruption to your life and finances while you adjust to the private practice model. My take is that you have arrived on "easy stre...
by 123
Sun Mar 28, 2021 9:10 pm
Forum: Personal Consumer Issues
Topic: From your personal experience, bathroom in finished basement?
Replies: 37
Views: 2725

Re: From your personal experience, bathroom in finished basement?

When we did a remodel we added a room and a 3/4 bathroom in our downstairs basement. It makes it useable as a self-sufficient guest area that affords them privacy. Normally it's used as a den or extra TV room. Our home has more bathrooms then bedrooms. No one has ever complained about that.
by 123
Sat Mar 27, 2021 9:21 pm
Forum: Investing - Theory, News & General
Topic: Lake Wobegon's nefarious sister city
Replies: 31
Views: 3737

Re: Lake Wobegon's nefarious sister city

Some active management does out perform the market but it's more an issue of potentially random error since any particular active manager does not do it consistently. Those that seek the services of mangers who have out-performed the market are generally referred to as "chasing yield". But...
by 123
Sat Mar 27, 2021 5:58 pm
Forum: Personal Investments
Topic: 68yo, considering leaving Vanguard
Replies: 27
Views: 4004

Re: 68yo, considering leaving Vanguard

Some times if you want things done right you have to do them yourself. (See my signature)
by 123
Wed Mar 24, 2021 7:07 pm
Forum: Personal Investments
Topic: debating with my friend about stock/bond ratio
Replies: 23
Views: 2118

Re: debating with my friend about stock/bond ratio

Your buddy's portfolio isn't really 80/20 if he also has a good bit of cash. Add the "good bit of cash" to the 20% fixed income and see what you come up with... +1 Some people keep large amounts in CDs/HYSAs/Cash (which might even include their emergency funds) and don't consider it part ...