Search found 7151 matches

by 123
Thu May 06, 2021 1:33 am
Forum: Personal Investments
Topic: Best government pension plan in the U.S.?
Replies: 7
Views: 449

Re: Best government pension plan in the U.S.?

The California State Retirement System rewards those that stick with it. Some of my elementary school teachers who stuck it out for 30 - 35 years with the same school district receive annual pensions of $90,000+.
by 123
Wed May 05, 2021 4:28 pm
Forum: Investing - Theory, News & General
Topic: How big is the risk of sustained huge stock market decline?
Replies: 22
Views: 2044

Re: How big is the risk of sustained huge stock market decline?

The general advice often seen here is that investors should be prepared for a decline of 50% in the value of their equity (stock) holdings at any time. This seems to be in line with the history I have observed. If the stock market is "puffed up" at the time of such decline it could be more...
by 123
Wed May 05, 2021 1:39 pm
Forum: Personal Finance (Not Investing)
Topic: Ladybird Deed on multiple properties
Replies: 2
Views: 442

Re: Ladybird Deed on multiple properties

I don't think there is a limit on the number of properties with Ladybird Deeds.
by 123
Wed May 05, 2021 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: Wait until 70 to claim SS. Is this always best?
Replies: 50
Views: 3245

Re: Wait until 70 to claim SS. Is this always best?

...I did check opensocialsecurity.com Claiming at 67 gets us 96.7% of the "optimal" recommendation, which is claiming at 70. (Assuming we are around to collect it)... If you have an older spouse and that spouse is not eligible for their own social security benefit the individual gain you ...
by 123
Wed May 05, 2021 12:34 pm
Forum: Personal Consumer Issues
Topic: Kitchen faucet selection
Replies: 35
Views: 1492

Re: Kitchen faucet selection

If that $500 - $1,500 are hard limits the easiest things to do is go online at Amazon, Lowes, or Home Depot and find something you like. To bump the price up into your range then order the same faucet from a plumber who will install it. Getting it from a plumber with installation can easily triple (...
by 123
Tue May 04, 2021 9:25 pm
Forum: Personal Finance (Not Investing)
Topic: Notification On Insurance Cancellation?
Replies: 8
Views: 787

Re: Notification On Insurance Cancellation?

Insurance is primarily regulated at the state level. There is a wide variation in what notification is required when a policy is canceled.
by 123
Tue May 04, 2021 7:50 pm
Forum: Investing - Theory, News & General
Topic: Do I endorse rollover check to Vanguard?
Replies: 3
Views: 400

Re: Do I endorse rollover check to Vanguard?

No. Just send it to Vanguard with a notation about what account number it should be credited to.
by 123
Tue May 04, 2021 4:10 pm
Forum: Personal Investments
Topic: Responsible advice for windfall event?
Replies: 11
Views: 1299

Re: Responsible advice for windfall event?

For EACH of the 4 properties: What is the cost basis of the property? What is the estimated current value of the property? What is the amount of the outstanding debt/loan on the property? What are the annual expenses for the property? What is the annual gross income the property provides? What is th...
by 123
Tue May 04, 2021 1:11 am
Forum: Personal Finance (Not Investing)
Topic: Segregating Inherited/Non-Inherited Funds - Philosophy
Replies: 7
Views: 939

Re: Segregating Inherited/Non-Inherited Funds - Philosophy

We have segregated a significant inheritance into a separate taxable account. One reason we did that was as a remembrance instead of just lumping it in with everything else. We have a higher risk tolerance for those funds so it is invested somewhat more aggressively (still in line with bogleheads). ...
by 123
Mon May 03, 2021 11:22 pm
Forum: Personal Investments
Topic: Advice for parking $200k for a year or two
Replies: 6
Views: 1245

Re: Advice for parking $200k for a year or two

Since you are "parking" you don't want any damage (loss), accordingly CDs or HYSAs are likely your best choice.
by 123
Mon May 03, 2021 10:36 pm
Forum: Investing - Theory, News & General
Topic: Fidelity DAF fee structure with low/zero balance
Replies: 2
Views: 397

Re: Fidelity DAF fee structure with low/zero balance

...What happens when I keep the balance at zero most of the time? How does that fee get assessed if there is no balance? While you would have to ask Fidelity for a definitive answer I would suspect that they would assess their fee once per year based on the account balance (which might be zero). If...
by 123
Mon May 03, 2021 8:44 pm
Forum: Personal Consumer Issues
Topic: Struggling to get a refund from AirIndia amidst COVID second wave
Replies: 7
Views: 952

Re: Struggling to get a refund from AirIndia amidst COVID second wave

I suspect there is some chance the flight could be canceled if it's an Indian Airline and Indian citizens will be prohibited from landing in the US. (I assume this would include aircraft crew).

Monitor flight status and hope that it gets canceled. If the airline cancels you can probably get a refund.
by 123
Mon May 03, 2021 3:53 pm
Forum: Personal Consumer Issues
Topic: Computer architecture course?
Replies: 12
Views: 1403

Re: Computer architecture course?

Here's one to check out that starts today from Princeton:https://www.coursera.org/learn/comparch
by 123
Mon May 03, 2021 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: My Dear Friend Forgot to Apply for Social Security
Replies: 18
Views: 2904

Re: My Dear Friend Forgot to Apply for Social Security

We have known a co-worker who, at age 72+ has never filed for Medicare or Social Security. She continues to work and has high earnings. We have pointed out to her that at her age any SSA she gets (after considering all tax issues) is just gravy. We suspect that her rationale for not-filing is that s...
by 123
Mon May 03, 2021 11:56 am
Forum: Personal Consumer Issues
Topic: In-door Ice Maker - problem/quick fix?
Replies: 13
Views: 902

Re: In-door Ice Maker - problem/quick fix?

If ice is not used often enough, it solidifies into a mass that cannot be dispensed... +1 Our refrigerator has a removeable ice reservoir on the inside of the freezer door. We don't use the ice dispenser but reach inside the reservoir for ice. We don't use a lot of ice so the ice at the bottom of t...
by 123
Mon May 03, 2021 11:36 am
Forum: Personal Consumer Issues
Topic: Drone usage
Replies: 13
Views: 941

Re: Drone usage

Perhaps you need a (pet) bird that would naturally defend it's territory.

Or you could fly a kite, the drone might recognize that as a hazard and stay away.

Or practice with some large paper airplanes, I think non-powered craft have the right-of-way.
by 123
Sun May 02, 2021 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: How are Trusts monitored and enforced?
Replies: 34
Views: 2605

Re: How are Trusts monitored and enforced?

I think the main control over trusts are their beneficiaries.
by 123
Sun May 02, 2021 12:44 am
Forum: Personal Consumer Issues
Topic: USA Passport Question
Replies: 20
Views: 1617

Re: USA Passport Question

They could be useful to help you establish when you were out of the country if you need an alibi.
by 123
Sat May 01, 2021 6:52 pm
Forum: Personal Finance (Not Investing)
Topic: Estate planning: Choosing guardians - friend or family member?
Replies: 13
Views: 935

Re: Estate planning: Choosing guardians - friend or family member?

Another voice for keeping the guardian in the family if possible. While we certainly don't know everything about our family members (and its perhaps better that we don't) we usually know even less about the family relationships of our friends. The dynamics of a friend's current or future obligations...
by 123
Sat May 01, 2021 4:30 pm
Forum: Personal Investments
Topic: Does getting a W2 each year allow me to delay RMDs from 401K?
Replies: 15
Views: 1793

Re: Does getting a W2 each year allow me to delay RMDs from 401K?

...I don't anticipate a year where I will not have any wages from my employer... I as still putting most of my pay into the 401K Roth. If you hold any stock/equity positions in your TIRA it could be advantageous to take distributions from the TIRA to move those positions into taxable accounts where...
by 123
Sat May 01, 2021 1:10 am
Forum: Personal Consumer Issues
Topic: Questions for Wall Street Journal Subscribers
Replies: 66
Views: 4609

Re: Questions for Wall Street Journal Subscribers

We have subscribed to the WSJ for over 10 years. We feel it's a reliable news source. Until recently we paid for 2 physical copies of the daily paper. Spouse and I both like to read it when the news is fresh and, to put it bluntly, one spouse twists, folds, and krinkles the paper so much that it is ...
by 123
Fri Apr 30, 2021 11:57 pm
Forum: Personal Finance (Not Investing)
Topic: Have Credit Card Limits Dropped?
Replies: 44
Views: 4064

Re: Have Credit Card Limits Dropped?

... I often put around 12-20k on my other card per month. I do lots of business spending and some travel (reimbursed by my practice) and can spend > 1k on a single business dinner taking out good referral sources!... Perhaps you need to consider alternate credit card sources, like American Express,...
by 123
Fri Apr 30, 2021 9:39 pm
Forum: Personal Investments
Topic: [Fidelity Funds Advice]
Replies: 17
Views: 1421

Re: No Disrespect To Vanguard

The standard observation about the ZERO funds at Fidelity is that you can't transfer them elsewhere if you wanted/need/required to move your account. Not a problem for retirement accounts but its a taxable event if you sell in a non-retirement account. They are "lean" funds, no 12b-1 fees ...
by 123
Fri Apr 30, 2021 8:15 pm
Forum: Personal Investments
Topic: Inherited IRA Portfolio Review
Replies: 27
Views: 1628

Re: Inherited IRA Portfolio Review

... Her Inherited IRA at Fidelity (96.48% of total) 47.94% Vanguard Total Market Index Fund (VTI) (0.03%) 25.61% Vanguard Total Int'l Stock Market Index Fund (VXUS) (0.08%) 20.03% Fidelity Sustainability Bond Index Fund (FNDSX) (0.1%) 2.63% Fidelity Gov't Money Market Fund (SPAXX) (0.42%) There rea...
by 123
Fri Apr 30, 2021 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: Nuances of Making an All-Cash Offer
Replies: 18
Views: 1981

Re: Nuances of Making an All-Cash Offer

Property inspection is a big contingency for buyers. If you are a cash offer and do not include a property inspection contingency you are likely a golden offer. Without a property inspection contingency you could grossly overpay if there are "issues" you don't see on a walk-through. Might ...
by 123
Fri Apr 30, 2021 12:05 pm
Forum: Personal Investments
Topic: Wells Fargo no load fund
Replies: 4
Views: 330

Re: Wells Fargo no load fund

WFTXX - Wells Fargo 100% Treasury MMF - no load. Pretty close to cash.https://www.wellsfargoassetmanagement.c ... l-summ.pdf
by 123
Fri Apr 30, 2021 11:57 am
Forum: Personal Investments
Topic: Friend's Father's Financial Advisor - 100% Bonds Last 10 Years
Replies: 42
Views: 5253

Re: Friend's Father's Financial Advisor - 100% Bonds Last 10 Years

The bond market is particularly difficult for individual investors to understand and handle so it can be an excellent place for a financial advisers to make a lot of money with bond markups and bond markdowns. Individual investors really don't have a clue on whether they got a good price on a non-Tr...
by 123
Fri Apr 30, 2021 12:59 am
Forum: Investing - Theory, News & General
Topic: Chinese Bonds?
Replies: 30
Views: 2182

Re: Chinese Bonds?

One of the biggest risks of foreign bonds is currency risk, the risk of comparative currency devaluation. The advantage of a better interest rate can be offset by an adverse foreign exchange rate (change).
by 123
Fri Apr 30, 2021 12:19 am
Forum: Personal Finance (Not Investing)
Topic: Help on Irrevocable Trust Tax Planning question
Replies: 22
Views: 1689

Re: Help on Irrevocable Trust Tax Planning question

Is the trustee encouraging the sale of the property to increase the cash in the trust so that the trustee receives a larger fee (i.e. AUM)? Was the trustee compensated for the management of the property previously or are the proceeds from sale "new" potential AUM revenue for the trustee?
by 123
Thu Apr 29, 2021 11:05 pm
Forum: Personal Finance (Not Investing)
Topic: Please Help - No Beneficiary Listed on Deceased IRA
Replies: 31
Views: 3206

Re: Please Help - No Beneficiary Listed on Deceased IRA

Lots of reasons to consult an attorney. How long ago were the Vanguard account(s) opened? Was there a default payee identified in the initial agreement for each account or were there changes in the default account terms and conditions default payee along the way? If there were changes along the way ...
by 123
Thu Apr 29, 2021 7:26 pm
Forum: Personal Consumer Issues
Topic: Rental Car Availability
Replies: 27
Views: 2378

Re: Rental Car Availability

Perhaps you could change your trip to a backpacking excursion and start the hike right from the airport.
by 123
Thu Apr 29, 2021 3:54 pm
Forum: Personal Finance (Not Investing)
Topic: What control over a trustee do you expect?
Replies: 46
Views: 2909

Re: What control over a trustee do you expect?

...There may be a point where they are unable to find a suitable corporate trustee who is also willing to accept a given set of investing requirements... A significant reason why a corporate trustee does not want to accept a trust with investment requirements/restrictions could be that they handle ...
by 123
Wed Apr 28, 2021 11:35 pm
Forum: Personal Finance (Not Investing)
Topic: Alternative to Boa/Merrill edge
Replies: 17
Views: 1827

Re: Alternative to Boa/Merrill edge

We use Fidelity, Schwab, and Vanguard. Fidelity and Schwab are pretty equivalent on most things. Though it doesn't make too much difference in these days of low interest rates one thing I find annoying about Schwab is that the settlement account is an FDIC account that pays virtually no interest. At...
by 123
Wed Apr 28, 2021 9:17 pm
Forum: Personal Investments
Topic: Revocable Trust as beneficiary
Replies: 7
Views: 586

Re: Revocable Trust as beneficiary

The quickest and lowest cost ways of transferring assets to survivors is to use the beneficiary mechanisms included with bank and brokerage accounts. Sometimes those mechanisms may not accomplish what you want so the additional complexity, delays, and costs of a trust may be necessary.
by 123
Wed Apr 28, 2021 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: Trustee's Powers to invest in oil!? minerals?
Replies: 10
Views: 910

Re: Trustee's Powers to invest in oil!? minerals?

It is difficult to know what type of financial investments will be available or what brokerage firms will be in business in 20, 50, or more years. Standard language that establishes flexibility is likely the most conservative approach. Restrictive criteria could tend to increase costs and lead to li...
by 123
Wed Apr 28, 2021 8:29 pm
Forum: Personal Finance (Not Investing)
Topic: Rolling Over 401k to an tIRA for Educational Use
Replies: 1
Views: 139

Re: Rolling Over 401k to an tIRA for Educational Use

It is usually easy to roll over a regular 401k balance to a traditional IRA account if the account owner is no longer employed by the firm holding the 401k account. If the account holder is still employed with the 401k employer generally a rollover is not possible prior to age 59.5 (in-service roll-...
by 123
Wed Apr 28, 2021 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: Promotion opportunity - use it or lose it?
Replies: 41
Views: 4050

Re: Promotion opportunity - use it or loose it?

Could you decline the promotion and follow your manager to his new department (maybe not immediately)?
by 123
Wed Apr 28, 2021 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: Townhome sale not going as expected, advice please
Replies: 71
Views: 7546

Re: Townhome sale not going as expected, advice please

The perfect buyer for your townhome with the noise issue is possibly someone with a hearing loss. What seems as a major obstacle to you could be something that they would not even notice.
by 123
Wed Apr 28, 2021 2:24 pm
Forum: Personal Consumer Issues
Topic: Seat covers for a new car?
Replies: 13
Views: 715

Re: Seat covers for a new car?

1. Clear plastic. 2. And, never turn on the air conditioning. 3. Learn what life was like in the golden age of American automobiles. My first car, a used Oldsmobile that was 15 years old, had the original cloth upholstery still covered with those thick clear plastic seat covers. I took the seat cov...
by 123
Wed Apr 28, 2021 12:46 am
Forum: Personal Finance (Not Investing)
Topic: Chase Private Client $2,000 bonus
Replies: 4
Views: 1141

Re: Chase Private Client $2,000 bonus

You likely could just walk into a Chase branch and ask one of their Private Bankers if they have any $2,000 promo codes available. Many retail branch employees get incentives/bonuses for bringing in new funds/accounts. It is very unlikely that they will turn you away.
by 123
Wed Apr 28, 2021 12:31 am
Forum: Personal Investments
Topic: Roth-IRA conversion for 83 year old widow?
Replies: 66
Views: 4412

Re: Roth-IRA conversion for 83 year old widow?

While this move would potentially financially benefit the heirs it could create a lot of animosity toward the instigator of the procedure. The instigator could always be remembered as the individual that cost the estate 20% - 30% of the value of the Traditional IRA account (or equivalent "loss&...
by 123
Tue Apr 27, 2021 10:42 pm
Forum: Personal Investments
Topic: Question about hypothetical account transfer error
Replies: 2
Views: 291

Re: Question about hypothetical account transfer error

In a taxable account when assets are sold a taxable event occurs. The gross amount of the sale will be reported to the IRS and the IRs will expect it to be reported on the relevant tax return. Depending on the situation the broker may also report the cost basis of the assets to the IRS. Brokers are ...
by 123
Tue Apr 27, 2021 1:08 pm
Forum: Personal Consumer Issues
Topic: Maybe buying house owned by smokers - help
Replies: 36
Views: 2058

Re: Maybe buying house owned by smokers - help

...Could a deep cleaning by a restoration co. and carpet shampoo (bedrooms) possibly remedy the problem or does it take fresh paint and new floors?... Smoke smell can permeate everything. Some woods can hold the smell as well, like kitchen/bathroom cabinets. Sometimes paint won't easily cure the pr...
by 123
Tue Apr 27, 2021 12:50 pm
Forum: Personal Consumer Issues
Topic: First time to Hawaii with family
Replies: 55
Views: 4415

Re: First time to Hawaii with family

We are planning to go to Hawaii ...There will be two seniors (my mom and mother-in-law), me and my spouse, and our two children (4 and 2 years old)... At that age the kids won't really appreciate anything about Hawaii and the grandmas just want to be with the grandkids. Why not just let the grandma...
by 123
Mon Apr 26, 2021 4:38 pm
Forum: Personal Finance (Not Investing)
Topic: Saving for and paying for a $5m house
Replies: 68
Views: 8567

Re: Saving for and paying for a $5m house

Your current rent(5k/mo on a $2million house) That is total thieving . I'd keep that for as long as possible Perhaps property is owned by a relative or other special situation. At that rental rate it could cover property tax, insurance, and maybe condo dues. Seems like it would be a subsidized hous...
by 123
Mon Apr 26, 2021 3:53 pm
Forum: Investing - Theory, News & General
Topic: How to construct my bond portion?
Replies: 59
Views: 4468

Re: How to construct my bond portion?

...The argument for a ladder of individual bonds, as I understand it, is that it would protect me against the situation in which both equities and bonds decline, as sometime happens, while a bond fund would not protect me against that situation... A ladder of individual bonds will not protect you a...
by 123
Mon Apr 26, 2021 2:47 pm
Forum: Personal Consumer Issues
Topic: Getting rid of old furniture
Replies: 21
Views: 1397

Re: Getting rid of old furniture

Have you checked with your rubbish/garbage pick-up service? In our area our Recology service will do two large item pickups a year from the curb for free. You have to call for an appointment. Each pick-up can include a certain number of large items (count varies).
by 123
Mon Apr 26, 2021 2:41 pm
Forum: Personal Finance (Not Investing)
Topic: Saving for and paying for a $5m house
Replies: 68
Views: 8567

Re: Saving for and paying for a $5m house

I have plans for a $10m house. I buy two (@$1) Lotto drawing tickets a week. I could have my $10m any day now. I've been working at it for 10 years. I tried the horses for awhile but it would take too many wins to get $10m, Lotto is more efficient.
by 123
Mon Apr 26, 2021 11:22 am
Forum: Investing - Theory, News & General
Topic: How to construct my bond portion?
Replies: 59
Views: 4468

Re: How to construct my bond portion?

I would avoid individual bonds. There are high mark-ups on all non-Treasury bonds that are sold to individual investors and bonds that the "Big guys" don't want get pushed toward individual investors. Vanguard Intermediate-Term Bond Index is available as a mutual fund (VBILX) or as an etf ...