Search found 7373 matches

by 123
Sun Jun 20, 2021 1:32 am
Forum: Personal Finance (Not Investing)
Topic: New Construction Custom Home: What Constitutes Under-Developing a Lot?
Replies: 11
Views: 973

Re: New Construction Custom Home: What Constitutes Under-Developing a Lot?

If you put a smaller house (but of the same quality) on a neighborhood lot the cost per square foot will be more than the other larger houses. The cost of the lot get apportioned over fewer square feet. When the house is sold as a resale the house may be a misfit because the per square foot cost sho...
by 123
Sun Jun 20, 2021 1:17 am
Forum: Investing - Theory, News & General
Topic: Why do stocks always fall faster than they rise ?
Replies: 29
Views: 2135

Re: Why do stocks always fall faster than they rise ?

Stocks are like a balloon, somewhat slow to inflate but deflate quickly.
by 123
Sat Jun 19, 2021 10:48 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a home in San Francisco
Replies: 12
Views: 1698

Re: Buying a home in San Francisco

If you select a location on the west side of the city, generally in the Richmond or Sunset Districts, you can save quite a bit on air conditioning expense since virtually none of the homes in those areas have it. In those areas many homes have furnaces that run at least a little every day for maybe ...
by 123
Sat Jun 19, 2021 9:54 pm
Forum: Personal Consumer Issues
Topic: Remailing service (virtual mailing address). Costs and other details
Replies: 5
Views: 573

Re: Remailing service (virtual mailing address). Costs and other details

Can you do a series of USPS "temporary" forwarding address changes to get the mail closer to you?
by 123
Sat Jun 19, 2021 6:09 pm
Forum: Personal Investments
Topic: Wash Sale custodial account?
Replies: 17
Views: 1095

Re: Wash Sale custodial account?

Also note that if a child has income from interest and dividends (including capital gains distributions) it can be reported on the parent's return under the Kiddie tax provisions. But if the child has capital gains or losses from trading activity those have to be included on the child's own tax retu...
by 123
Sat Jun 19, 2021 3:54 pm
Forum: Personal Consumer Issues
Topic: New gas stove - minimum requirements?
Replies: 18
Views: 1025

Re: New gas stove - minimum requirements?

When we replaced our stove 10 years ago we were in a similar position, doing basic cooking but no need for double ovens etc. We spent a lot of time figuring the hierarchy of features/prices for the GE and Whirlpool lines. We topped out at a model that had a grated top with a large central burner ( t...
by 123
Sat Jun 19, 2021 3:18 pm
Forum: Investing - Theory, News & General
Topic: All Lifestrategy Funds at Vanguard or ?
Replies: 3
Views: 595

Re: All Lifestrategy Funds at Vanguard or ?

He will generally gain the most tax advantages if he places as much as he can of his stock/equity investments in his Roth. It can be a waste of Roth space to but anything with bonds in a Roth account. In an ideal world all stock portfolio positions would be in Roth or taxable accounts and all bond/f...
by 123
Sat Jun 19, 2021 2:57 pm
Forum: Personal Investments
Topic: Should I buy house from father in law
Replies: 28
Views: 2355

Re: Should I buy house from father in law

Note that under the California exemption from property tax reassessment transfer from parent to child it is only his child (your spouse) that would qualify for the exemption from reassessment. If you buy the house jointly your spouse would get her half free from reassessment but your half would be r...
by 123
Sat Jun 19, 2021 1:04 pm
Forum: Personal Investments
Topic: Utility of Financial Advisor
Replies: 35
Views: 1947

Re: Utility of Financial Advisor

And the advisors fee is? 1% = $13,000 .75% = $ 6,500 .5% = $ 3,250 Depending on the advisors fee and the expense ratio of the funds he "picks", you might be better off getting your advice from an hourly advisor. Dale +1 The annual advisor's fee pays for a vacation, you pay for it and he t...
by 123
Sat Jun 19, 2021 12:44 pm
Forum: Personal Consumer Issues
Topic: Built-in microwave replacement
Replies: 7
Views: 661

Re: Built-in microwave replacement

When we did a complete kitchen remodel some years back we tried to incorporate a built-in microwave in our planning. The large units that paired with a built-in oven didn't fit with our floor plan, we'd be stuck using too much space. The "built-in" microwaves that came with various trim pa...
by 123
Fri Jun 18, 2021 6:55 pm
Forum: Personal Investments
Topic: Allocations for 23 year old
Replies: 19
Views: 1110

Re: Allocations for 23 year old

Assuming the Roth account is intended as a retirement account and NOT as a tax-free savings account for typical life purposes like saving for a car or saving for a house down payment a 100% position in a Total Stock Market fund or ETF would be the way I would go at age 23. If he is using the Roth ac...
by 123
Fri Jun 18, 2021 12:43 am
Forum: Personal Finance (Not Investing)
Topic: Form 709 gift tax return question
Replies: 11
Views: 693

Re: Form 709 gift tax return question

...I was only worried because I thought that anything she earns is also considered community property. Will IRS ask her or me to prove that it is her separate property? No. The IRS is aware that even people in a community property state can have separate property (such as from before the marriage b...
by 123
Fri Jun 18, 2021 12:24 am
Forum: Personal Finance (Not Investing)
Topic: Form 709 gift tax return question
Replies: 11
Views: 693

Re: Form 709 gift tax return question

If you look at Question 12 on Form 709 it asks the donor (if married) if the gift should to be considered to be given one-half by each of you. If she said "No" then the IRS doesn't even care who the spouse was at the time of the gift. You said that your parents each keep their finances and...
by 123
Thu Jun 17, 2021 10:57 pm
Forum: Personal Consumer Issues
Topic: Three Day Weekend in Ann Arbor
Replies: 18
Views: 1353

Re: Three Day Weekend in Ann Arbor

Pre-Covid Zingerman's was a great place for lunch. They used to run three locations, including a restaurant, but they may be down to two now. A lot of baked goods, for which they also have a mail order catalog. Friends recommended them to us and we tried all three locations (at the time) with excell...
by 123
Thu Jun 17, 2021 10:43 pm
Forum: Personal Consumer Issues
Topic: Favorite Movies - Name Five
Replies: 143
Views: 5338

Re: Favorite Movies - Name Five

Invaders from Mars (1953)
The Last Picture Show (1971)
Harold and Maude (1971)
Halloween (1978)
The Color Purple (1985)
by 123
Thu Jun 17, 2021 8:54 pm
Forum: Personal Investments
Topic: Taking Over an IRA or 401K
Replies: 8
Views: 400

Re: Taking Over an IRA or 401K

If someone is listed as a specific beneficiary for an account the transfer of funds can be resolved quicker than if a person is eligible based on a category alone (such as surviving spouse). The beneficiary specification will be valid in all states. From the perspective of the organization holding t...
by 123
Thu Jun 17, 2021 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: How to get loan for international property
Replies: 1
Views: 174

Re: How to get loan for international property

A financial organization won't issue a loan that is secured by assets in another country. If you have any real estate in the US where you have significant equity you could do a cash-out refinance and use those proceeds. Taking equity out of your home for purposes of investment is generally discourag...
by 123
Thu Jun 17, 2021 3:49 pm
Forum: Investing - Theory, News & General
Topic: Which version of The Intelligent Investor is best?
Replies: 9
Views: 1109

Re: Which version of The Intelligent Investor is best?

I would imagine that the latest edition has the most up-to-date information. Why would you want an older edition? The author of The Intelligent Investor, Benjamin Graham, passed away in 1976. Publisher often try to keep classic titles "alive" by doing updates and revisions. With the death...
by 123
Thu Jun 17, 2021 3:31 pm
Forum: Personal Consumer Issues
Topic: Small (4'X9') space for bathroom?
Replies: 37
Views: 2087

Re: Small (4'X9') space for bathroom?

Broken Man 1999 wrote: Wed Jun 16, 2021 4:25 pm ...Put in a pocket door...
+1 Pocket doors can solve a lot of space problems and conflicts with opening doors. The main issue with installing them is avoiding conflicts with pipes and wiring in the wall that holds the door when its open. They are great if they will work in your layout.
by 123
Thu Jun 17, 2021 2:51 pm
Forum: Personal Consumer Issues
Topic: Do I Actually Need New Windows, or Am I Being Sold?
Replies: 43
Views: 3911

Re: Do I Actually Need New Windows, or Am I Being Sold?

CoastLawyer2030 wrote: Thu Jun 17, 2021 1:57 pm ...Any thoughts on Window World?
Window World https://www.windowworld.com/ locations are sparse in some parts of the country. Their website offers franchising opportunities so the experience with them could be somewhat varied.
by 123
Thu Jun 17, 2021 12:25 pm
Forum: Personal Investments
Topic: TLH planning Q across accounts: VTI in taxable and VTSAX in Roth
Replies: 35
Views: 1495

Re: TLH planning Q across accounts: VTI in taxable and VTSAX in Roth

Vanguard 500 Index (VFIAX) is a reasonable substitute for Vanguard Total Stock Market (VTSAX) that you could use in retirement accounts to avoid any conflicts with Vanguard Total Stock Market (VTSAX or VTI) in your taxable accounts if you want to avoid any issue of wash sale conflicts.
by 123
Wed Jun 16, 2021 4:09 pm
Forum: Personal Consumer Issues
Topic: Small (4'X9') space for bathroom?
Replies: 37
Views: 2087

Re: Small (4'X9') space for bathroom?

I've had bathrooms in European hotel rooms where the sink and toilet were in the shower, just tile everything. You can make it work. They do it in RVs with far less space than 4'x9'. Or you could adopt a "split bath" model where the sink and tub/shower are in room and the toilet is elsewhe...
by 123
Wed Jun 16, 2021 3:15 pm
Forum: Personal Investments
Topic: Company sold
Replies: 19
Views: 1847

Re: Company sold

In my 401k all employer matches are paid in company stock(which I immediately diversify out of). The company stock is one of the 401k investment choices. So if my employer were acquired (unlikely) at a humongous premium (even more unlikely) the growth would be contained within the 401k for those tha...
by 123
Wed Jun 16, 2021 12:34 pm
Forum: Personal Investments
Topic: $ out of Schwab Money Market and into Schwab Checking?
Replies: 17
Views: 989

Re: $ out of Schwab Money Market and into Schwab Checking?

If you hold funds in a PURCHASED Schwab MMF you should be aware that at Schwab the purchased MMFs are generally not "Sweepable" meaning that you have to (actively yourself) sell shares to have cash available for the checking feature. Fidelity will liquidate purchased MMF positions to pay c...
by 123
Tue Jun 15, 2021 9:41 pm
Forum: Personal Consumer Issues
Topic: Vacation in Michigan in August
Replies: 22
Views: 1783

Re: Vacation in Michigan in August

We had a summertime event to attend in Ann Arbor so made a trip up to "Somewhere in Time" Mackinac Island as well (spouse's suggestion, happy wife, happy life). We did the 5 hour drive up to Mackinaw City where we stayed overnight and then went out to the Grand Hotel on Mackinac Island the...
by 123
Tue Jun 15, 2021 6:38 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited IRA for trust: CS or Fidelity?
Replies: 4
Views: 366

Re: Inherited IRA for trust: CS or Fidelity?

From what I've looked at Fidelity's automatic RMD process is far superior to what is currently offered by Schwab. Schwab only offers an automatic RMD process for accounts that are enrolled in one of their Intelligent Portfolio services (those services that are basically funded by leaving a portion o...
by 123
Tue Jun 15, 2021 4:04 pm
Forum: Personal Consumer Issues
Topic: Displaying photographs
Replies: 7
Views: 618

Re: Displaying photographs

Your best alternative may be to find an "old school" photographer that can photographically produce a "real" negative and then get a silver gelatin print made from that, hopefully by the same photographer. Digital cameras have been popular for over 20 years so finding someone wit...
by 123
Tue Jun 15, 2021 3:46 pm
Forum: Personal Consumer Issues
Topic: Bathroom Remodel without Permit?
Replies: 61
Views: 6169

Re: Bathroom Remodel without Permit?

A contractor may prefer to work without pulling a permit because their involvement with a permit could be a lead for additional income for the tax authorities at some point. In our area all the permits (and complaints) are online and one can find them by searching based on address or contractor lice...
by 123
Tue Jun 15, 2021 3:28 pm
Forum: Personal Consumer Issues
Topic: Displaying photographs
Replies: 7
Views: 618

Re: Displaying photographs

Why not reproductions made with silver gelatin? Though they are not available at Walgreens or Costco they can be done by some photographers and there are sources on-line. Google "gelatin silver photograph duplicate" (without quotes).
by 123
Tue Jun 15, 2021 9:35 am
Forum: Investing - Theory, News & General
Topic: Ric Edelman retiring in the fall
Replies: 64
Views: 8018

Re: Ric Edelman retiring in the fall

Oh, he's a pundit. I make a point of not watching or listening to pundits. In fact, I don't even know who most of them are until their names show up here in boglehead threads. I'm still astonished that bogleheads watch and listen to all this punditry. There's a certain entertainment value in listen...
by 123
Tue Jun 15, 2021 8:20 am
Forum: Personal Investments
Topic: How to Get my Relatives Out of Edward Jones
Replies: 80
Views: 5970

Re: How to Get my Relatives Out of Edward Jones

No one needs to talk to Edward Jones at all. It's the relative's money. They simply need to contact a new broker, like Vanguard, Schwab, or Fidelity and they will "pull" the account from Edward Jones. It's just business. I think you can do it all with clicks these days.
by 123
Tue Jun 15, 2021 1:19 am
Forum: Personal Finance (Not Investing)
Topic: Cash Out Refi-Thoughts?
Replies: 28
Views: 2079

Re: Cash Out Refi-Thoughts?

Why not sell the house to cash in all your equity and lock some away with the $250K capital gain exclusion(s)? You can just rent and invest some proceeds as you wish. Buy a house again when the real estate market crashes.
by 123
Mon Jun 14, 2021 9:35 pm
Forum: Investing - Theory, News & General
Topic: Ric Edelman retiring in the fall
Replies: 64
Views: 8018

Re: Ric Edelman retiring in the fall

UpperNwGuy wrote: Mon Jun 14, 2021 9:24 pm Who is Ric Edelman?
https://www.edelmanfinancialengines.com ... man-radio/

His radio informercial program is broadcast around much of the country on Saturdays and Sundays, scheduling varies by local radio market.
by 123
Mon Jun 14, 2021 9:09 pm
Forum: Investing - Theory, News & General
Topic: Ric Edelman retiring in the fall
Replies: 64
Views: 8018

Re: Ric Edelman retiring in the fall

The announcement includes the following: "As part of his stepping back from the company, Ric Edelman will also be giving up his weekly radio show, which he has hosted for 29 years. The final edition of The Ric Edelman Show will air during the fall, after which it will be renamed and feature a y...
by 123
Mon Jun 14, 2021 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: Having a Baby-- Budgeting?
Replies: 37
Views: 3173

Re: Having a Baby-- Budgeting?

Some daycares/nursery schools are somewhat elitist with standards for the children that are admitted, sometimes only the best. The best come with parents who are likely able, and willing, to donate to the school over and above the monthly fees. Your kid can be a shoe-in if you hold sway in directing...
by 123
Mon Jun 14, 2021 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: How much does [Seattle area] private school cost?
Replies: 44
Views: 2310

Re: How much does private school cost?

If you have to ask...

Prices I've familiar with are $10K - $30K a year, varies by school and location.
by 123
Mon Jun 14, 2021 3:01 pm
Forum: Personal Consumer Issues
Topic: Afternoon tea in Boston?? Where??
Replies: 28
Views: 2121

Re: Afternoon tea in Boston?? Where??

manuvns wrote: Mon Jun 14, 2021 2:01 pm starbucks or your local coffee shop ?
A tall from Starbucks and a box of vanilla wafers and I'd be good.

Spouse took our kid to a fancy tea in Victoria Canada and the kid asked "Mommy are we rich?". Not like at home.
by 123
Mon Jun 14, 2021 2:50 pm
Forum: Personal Consumer Issues
Topic: Shipping/Packaging Tape
Replies: 6
Views: 467

Re: Shipping/Packaging Tape

We use the Scotch Heavy Duty Packaging tape as well. Have bought it at Costco, Amazon, and Office Max in various size quantities. I usually think "Oops I bought too much this time" but it always seems to get used up.
by 123
Mon Jun 14, 2021 11:08 am
Forum: Personal Consumer Issues
Topic: Locast Streaming Service?
Replies: 14
Views: 788

Re: Locast Streaming Service?

Try an antenna first. Depending on your location relative to the TV broadcast towers you may get extraordinary reception with just a simple indoor antenna. I would try that first. The bandwidth of broadcast TV with an antenna is like a firehose, it is far superior to streaming.
by 123
Sun Jun 13, 2021 8:39 pm
Forum: Personal Finance (Not Investing)
Topic: Credit freeze prevented identity theft
Replies: 5
Views: 1652

Re: Credit freeze prevented identity theft

...a nondescript envelope contained a letter from a bank... Banks normally use a standard stationary with their logo. Before you use any contact information in the letter I would verify the bank with their own website (if any) as well as the FDIC https://banks.data.fdic.gov/bankfind-suite/bankfind....
by 123
Sun Jun 13, 2021 12:33 pm
Forum: Personal Consumer Issues
Topic: Receiving money for someone else
Replies: 29
Views: 1679

Re: Receiving money for someone else

...Since the son won't get the money until he has a bank account, his parents can wire the money directly into the son's bank account when that account is open... It could take the arriving son a considerable period of time to get the necessary tax id before s/he can open the account with the bank....
by 123
Sun Jun 13, 2021 1:01 am
Forum: Personal Investments
Topic: Managed bond accounts
Replies: 8
Views: 817

Re: Managed bond accounts

Just for comparison the expense ratio on the Vanguard Total Bond Market ETF (BND) is .035%. The cost of a managed bond account is over 10 times that. In addition to the cost of managing the bond account you will likely also be paying more for your bonds on an individual transaction basis.
by 123
Sat Jun 12, 2021 11:07 pm
Forum: Personal Finance (Not Investing)
Topic: Rural Land Farm ID and Tax
Replies: 9
Views: 932

Re: Rural Land Farm ID and Tax

If you've got a compatible climate you could grow Christmas Trees, probably an 8 - 12 year turnaround on a crop. If you've got enough rain maybe all you have to do is prune once a year.
by 123
Sat Jun 12, 2021 3:46 pm
Forum: Personal Consumer Issues
Topic: What would you do and why? [HELOC to buy used Porsche]
Replies: 82
Views: 5995

Re: What would you do and why?

If an individual can't pay cash for a toy they likely don't deserve the toy.

A HELOC is not deductible if it is not used to "buy, build, or substantially improve". Purchasing a vehicle to place in the driveway or the garage would not be allowed as an "improvement".
by 123
Sat Jun 12, 2021 3:35 pm
Forum: Personal Investments
Topic: Lump sum into Wealthfront to offset large capital gains?
Replies: 24
Views: 1376

Re: Lump sum into Wealthfront to offset large capital gains?

Should you be considering "Direct Indexing" with Wealthfront you should be aware that you could end up holding hundreds of individual stocks (and potentially multiple lots of many) and that it may be a significant tax preparation burden to hold it as well as to get out of it. Yes the trans...
by 123
Sat Jun 12, 2021 12:52 pm
Forum: Personal Consumer Issues
Topic: Plumbing drain pipe “disconnect”
Replies: 20
Views: 1543

Re: Plumbing drain pipe “disconnect”

Yes you are in a muddle of a mess. Someone else may be responsible, the contractor, but with the passage of time it makes it more difficult to make that case. The approach I would take is get the repair made. In the course of excavation you may learn more about what likely caused the problem (take p...
by 123
Sat Jun 12, 2021 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: Savings Account
Replies: 41
Views: 4206

Re: Savings Account

I think a local brick-and-mortar bank checking account paired with a savings account at Ally is a good combination. At this time I don't think the interest yield at a brick-and-mortar bank is worth having a savings account with them.
by 123
Fri Jun 11, 2021 4:10 pm
Forum: Personal Investments
Topic: A Left Brain/Right Brain Roth Dilemma
Replies: 19
Views: 2416

Re: A Left Brain/Right Brain Roth Dilemma

A Roth is only really useful if you want to save money for the future and have any interest/dividend income as well as any capital gains free of any income tax. If your income and expenses don't allow you to save current income in a Roth it is always possible to move funds from taxable accounts into...
by 123
Thu Jun 10, 2021 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: Real estate agent reluctant to show offers to the seller prior to decision
Replies: 99
Views: 9693

Re: Real estate agent reluctant to show offers to the seller prior to decision

Perhaps the agent is only showing offers where s/he is on both sides of the deal (representing seller and buyer). Or the firm s/he is with is on both sides. If you saw the complete written offers sometimes things like that stand out.