Search found 1984 matches

by FelixTheCat
Mon Nov 09, 2020 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: Help with mom's inheritance
Replies: 28
Views: 2782

Re: Help with mom's inheritance

To me, this is the issue. There is a step up in cost basis when your grand father passes away. Before his passing, does Mom have to pay the capital gains from highly appreciated assets? Do we know this? What makes you conclude there is a new basis? Gill In California, there is a step up in cost bas...
by FelixTheCat
Mon Nov 09, 2020 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: Help with mom's inheritance
Replies: 28
Views: 2782

Re: Help with mom's inheritance

My mom’s mom past away when my mother was little, and a sizeable trust was set up in her dad’s (my grandfather’s) name after her passing. To me, this is the issue. There is a step up in cost basis when your grand father passes away. Before his passing, does Mom have to pay the capital gains from hi...
by FelixTheCat
Mon Nov 09, 2020 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: Helping the un-helpable
Replies: 19
Views: 1587

Re: Helping the un-helpable

The best thing you can do is point him to the Bogleheads website. Your father needs to learn how to solve his own issues.
by FelixTheCat
Fri Nov 06, 2020 7:17 pm
Forum: Personal Investments
Topic: Split TBM and Stable Value for Fixed Income?
Replies: 25
Views: 1454

Re: Split TBM and Stable Value for Fixed Income?

I tried searching for Stable Value funds. Where do you buy them?
by FelixTheCat
Fri Nov 06, 2020 5:40 pm
Forum: Personal Investments
Topic: $20,000 windfall- Help!
Replies: 71
Views: 5411

Re: $20,000 windfall- Help!

You don't have to live with us. What does your wife want? :happy

Take $5K and spoil the wife with a nice vacation. Take the rest and pay down mortgage.
by FelixTheCat
Thu Nov 05, 2020 2:38 pm
Forum: Personal Investments
Topic: need advice - retirement
Replies: 35
Views: 3466

Re: need advice - retirement

I have a very high tolerance so I will probably be 100% VFIAX up until 55 or later so basically I'm asking how do retirees go about switching from 100% stocks into 60% stocks without triggering huge tax implication? You can go with a two-fund Buffett portfolio. Buffett recommends X amount of years ...
by FelixTheCat
Thu Nov 05, 2020 1:48 pm
Forum: Personal Investments
Topic: need advice - retirement
Replies: 35
Views: 3466

Re: need advice - retirement

I have a very high tolerance so I will probably be 100% VFIAX up until 55 or later so basically I'm asking how do retirees go about switching from 100% stocks into 60% stocks without triggering huge tax implication? You can go with a two-fund Buffett portfolio. Buffett recommends X amount of years ...
by FelixTheCat
Wed Nov 04, 2020 1:56 pm
Forum: Personal Investments
Topic: How to get more money into retirement accounts
Replies: 28
Views: 3371

Re: How to get more money into retirement accounts

Unbrokenspark wrote: Wed Nov 04, 2020 1:37 pm I have around 50K to put into the market, I have 7K for 2020 Roth IRA's and max out for 2021 and will cash flow into tradition IRA's. So theres 38K left..
I would fund Vanguard Total Stock Market Index in a taxable account.
by FelixTheCat
Tue Nov 03, 2020 7:28 pm
Forum: Personal Investments
Topic: Tax and investment advice?
Replies: 17
Views: 1198

Re: Tax and investment advice?

arcticpineapplecorp. wrote: Tue Nov 03, 2020 3:11 pm To avoid RMDs on Roth 401ks you would roll over your Roth 401k to a Roth IRA upon separation from employment.
That's what I plan on doing. Thanks for the clarification.
by FelixTheCat
Tue Nov 03, 2020 7:27 pm
Forum: Investing - Theory, News & General
Topic: What Fixed Income Investment for Decent Yield
Replies: 9
Views: 939

Re: What Fixed Income Investment for Decent Yield

What's your opinion on corporate bonds? VTC has a 3.04% 30 day SEC Yield. https://investor.vanguard.com/etf/profile/overview/vtc
by FelixTheCat
Tue Nov 03, 2020 2:12 pm
Forum: Personal Investments
Topic: Tax and investment advice?
Replies: 17
Views: 1198

Re: Tax and investment advice?

I favor my Roth 401K because their are no RMDS and you take the money out tax free.
by FelixTheCat
Mon Nov 02, 2020 8:10 pm
Forum: Investing - Theory, News & General
Topic: How on earth can overweighting US stock over international stock possibly be considered Boglehead?
Replies: 253
Views: 16144

Re: How on earth can overweighting US stock over international stock possibly be considered Boglehead?

I don't understand why the board recommends international. Bogle did not advocate international. He said "up to 20% if you must."
by FelixTheCat
Mon Nov 02, 2020 6:14 pm
Forum: Investing - Theory, News & General
Topic: Online Savings Alternatives
Replies: 43
Views: 5252

Re: Online Savings Alternatives

I have an account that is primarily set up for income generation. Look at Income Series. Here's the link to give you some ideas https://advisors.vanguard.com/iwe/pdf/FASINVMP.pdf How did you decide on the stock/bond allocation for your income series account? I use the income series simply to genera...
by FelixTheCat
Mon Nov 02, 2020 6:04 pm
Forum: Personal Investments
Topic: where to get monthly income
Replies: 23
Views: 4431

Re: where to get monthly income

Look at the Income Series in this link https://advisors.vanguard.com/iwe/pdf/FASINVMP.pdf
by FelixTheCat
Fri Oct 30, 2020 6:35 pm
Forum: Personal Finance (Not Investing)
Topic: Donor Advised Funds and Succession plans
Replies: 20
Views: 1005

Re: Donor Advised Funds and Succession plans

(Thanks for the Fidelity DAF links. Most of our investments are at Vanguard, which would make using the DAF during our lifetime convenient, but shouldn't affect the after death part) Fidelity has lower minimums to establish the DAF and to send grants. If you plan to distribute your assets immediate...
by FelixTheCat
Fri Oct 30, 2020 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: Donor Advised Funds and Succession plans
Replies: 20
Views: 1005

Re: Donor Advised Funds and Succession plans

senex wrote: Fri Oct 30, 2020 1:55 pm I have a good friend on file as my successor, and I've instructed him to keep doing whatever I was doing when I died, with the goal of zero balance within a few years.
You do understand that your successor may choose to donate all of your money to charity of your friend's choice.
by FelixTheCat
Fri Oct 30, 2020 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: Donor Advised Funds and Succession plans
Replies: 20
Views: 1005

Re: Donor Advised Funds and Succession plans

I have a Vanguard DAF to pass money to my selected charities after my death. You create the account now. Reference it in your will. The DAF is easy. Option 1) Distribute all of your money in the DAF to your charities immediately. Option 2) Distribute a minimum of 5% annually to your selected chariti...
by FelixTheCat
Fri Oct 30, 2020 12:37 pm
Forum: Investing - Theory, News & General
Topic: Where would you be if you had invested like a Boglehead from the beginning?
Replies: 107
Views: 8076

Re: Where would you be if you had invested like a Boglehead from the beginning?

Thanks to Jack's guidance, we started investing in the VG S&P500 index fund and to the extent possible, chose the same in our workplace retirement accounts. May I ask why S&P 500? Are you still in it? I've read articles where Jack said S&P. Buffett says S&P. On this board we are all...
by FelixTheCat
Fri Oct 30, 2020 12:34 pm
Forum: Personal Investments
Topic: Hit 2M, at 38, should I retire?
Replies: 106
Views: 16049

Re: Hit 2M, at 38, should I retire?

How does leaving the USA work? The OP made his money here. He invested here. Do the Feds tax you like crazy for moving money overseas?
by FelixTheCat
Thu Oct 29, 2020 7:07 pm
Forum: Investing - Theory, News & General
Topic: Online Savings Alternatives
Replies: 43
Views: 5252

Re: Online Savings Alternatives

I have an account that is primarily set up for income generation. Look at Income Series. Here's the link to give you some ideas https://advisors.vanguard.com/iwe/pdf/FASINVMP.pdf
by FelixTheCat
Thu Oct 29, 2020 7:03 pm
Forum: Personal Investments
Topic: Transferring Vanguard Roth to Fidelity - Admiral shares question
Replies: 16
Views: 1776

Re: Transferring Vanguard Roth to Fidelity - Admiral shares question

I have a Fidelity brokerage account and I use Vanguard ETFs.

If you want the one-stop shop (see threads), then you can have your checking, savings, credit card and brokerage at Fidelity.
by FelixTheCat
Wed Oct 28, 2020 4:59 pm
Forum: Investing - Theory, News & General
Topic: Why You Shouldn't Max Out Your 401(k) Article
Replies: 106
Views: 11582

Re: Why You Shouldn't Max Out Your 401(k) Article

I grew up with 401Ks. I wished I maxed them out from the beginning.
by FelixTheCat
Wed Oct 28, 2020 4:57 pm
Forum: Personal Investments
Topic: international exposure
Replies: 35
Views: 2272

Re: international exposure

Why do you have international holdings? I held international because they were recommended in the 3 fund portfolio for diversification. Then I read Bogle and Buffett don't recommend them. Bogle said up to 20% if you must. I also read the S&P 500 gets half of its revenue from overseas . I decided...
by FelixTheCat
Tue Oct 27, 2020 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: Last person standing. Estate plan dilema.
Replies: 46
Views: 4580

Re: Last person standing. Estate plan dilema.

I have a Vanguard Charitable account and it will pay 5% of the assets ($500 grant minimum) once a year to the charities of my choice upon my death. You may want to set up the VC account now and reference it in your will. Have your will fund the Donor Advised Fund upon your death. P.S. There are othe...
by FelixTheCat
Mon Oct 26, 2020 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: Potential job loss at 62
Replies: 37
Views: 4283

Re: Potential job loss at 62

I planned my downfall. Company was sold and we were told there would be no changes. The company started layoffs every year for 5+ years. I knew the writing was on the wall. I cut expenses to NEEDs only. I paid off all of my debt including my home. I took my old mortgage payment and started investing...
by FelixTheCat
Mon Oct 26, 2020 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: How can I cultivate my love of saving money?
Replies: 50
Views: 4477

Re: How can I cultivate my love of saving money?

Max out your 401K. Do what you want with the rest of your income.
by FelixTheCat
Wed Oct 21, 2020 4:53 pm
Forum: Personal Investments
Topic: Getting Started - TIAA Investments
Replies: 17
Views: 896

Re: Getting Started - TIAA Investments

Personally, I would go 100% in Vanguard Institutional Index Fund Institutional Shares (VINIX). "Seeks to track the performance of the Standard & Poor’s 500 Index, which measures the investment return of large-capitalization stocks."

Good luck on your decision.
by FelixTheCat
Tue Oct 20, 2020 6:11 pm
Forum: Personal Consumer Issues
Topic: Meditation Guides?
Replies: 58
Views: 2897

Re: Meditation Guides?

Calm app. If you have an American Express, they offered a one year subscription for free. I'm not sure if the offer is still valid.

P.S. Stop watching the news.
by FelixTheCat
Tue Oct 20, 2020 5:58 pm
Forum: Personal Finance (Not Investing)
Topic: What are the financial risks of not owning a house?
Replies: 106
Views: 10651

Re: What are the financial risks of not owning a house?

You reminded me of a financial class I took. Part of it was "The American Dream." The instructor mentioned the US has been indoctrinated in believing everyone should own a home. The reason was most people will buy a home but most people don't invest. The home was their way of saving. You c...
by FelixTheCat
Mon Oct 19, 2020 6:24 pm
Forum: Personal Finance (Not Investing)
Topic: Donor Advised Funds considerations
Replies: 51
Views: 2811

Re: Donor Advised Funds considerations

I have two DAFs.

Fidelity Charitable because of the smaller grant requirements. I use Fidelity for my monthly/quarterly grants.
Vanguard Charitable for a legacy fund. Vanguard will pay up to twenty years after you pass away.
by FelixTheCat
Fri Oct 16, 2020 4:44 pm
Forum: Personal Investments
Topic: How much cash does 80 y.o. FI ($5.8m NW) mother need? She's curious about gifting, places to park cash
Replies: 31
Views: 4913

Re: How much cash does 80 y.o. FI ($5.8m NW) mother need? She's curious about gifting, places to park cash

My suggestion for Mom is annual family vacations. Have Mom pick a place, pay for the adventure and all of you go.
by FelixTheCat
Wed Oct 14, 2020 3:06 pm
Forum: Personal Finance (Not Investing)
Topic: Payoff Request
Replies: 13
Views: 1501

Re: Payoff Request

Call the bank directly and ask for a payoff amount. It should take them two minutes.
by FelixTheCat
Tue Oct 13, 2020 4:20 pm
Forum: Investing - Theory, News & General
Topic: Which asset class will be the best in the 2020s?
Replies: 48
Views: 3219

Re: Which asset class will be the best in the 2020s?

I think Tulip Mania has a good chance.
by FelixTheCat
Tue Oct 13, 2020 3:50 pm
Forum: Personal Investments
Topic: Having trouble implementing Boglehead principles
Replies: 3
Views: 626

Re: Having trouble implementing Boglehead principles

I see in a previous post regarding tax efficient placement of assets. Bonds in tax deferred accounts and equities in taxable accounts is the simple response. Tax deferred accounts can be consolidated to a bond fund of your choice. Total Bond Market Index is used by a lot of Bogleheads. The greatly a...
by FelixTheCat
Thu Oct 08, 2020 3:31 pm
Forum: Personal Consumer Issues
Topic: How do YOU handle home security [alarm systems]
Replies: 89
Views: 6681

Re: How do YOU handle home security [alarm systems]

Our Alarm System: Sleeping senior attack cat. I have this alarm system too. Around 5 am each morning the couch threatens my safety so my furry friend attacks the couch. I had ADT. ADT never successfully worked for me. A lot of false alarms. Then I had Brinks for years. After paying Brinks for 5 yea...
by FelixTheCat
Thu Oct 08, 2020 2:22 pm
Forum: Personal Consumer Issues
Topic: How to get roadside assistance without AAA?
Replies: 112
Views: 9166

Re: How to get roadside assistance without AAA?

I dumped AAA for years. State Farm has roadside insurance. My battery died at a gas station that only had a convenience store. I called State Farm. Waited 45 minutes and then went to lunch at nearby restaurant. From the restaurant I could see my car. State Farm did come by within a 2 hour timeframe....
by FelixTheCat
Thu Oct 08, 2020 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: Would you rather be the richest or poorest person in town?
Replies: 109
Views: 8900

Re: Would you rather be the richest or poorest person in town?

I chose the smaller home. I paid mine off in 15 years. I take my old mortgage payment and invest it each month. I am thrilled with my decision. My friends have chosen the big homes. I love visiting their homes. I also found out they have a 50 year mortgage plan (constantly refinancing). I see the st...
by FelixTheCat
Mon Oct 05, 2020 1:52 pm
Forum: Personal Investments
Topic: Vanguard Poor service [Why is my Roth IRA a brokerage account?]
Replies: 63
Views: 4932

Re: Vanguard Poor service

You don't have to put up with poor service. Follow this two step process and move on with your life! 1. Convert funds to ETF equivalents 2. Move to Fidelity/Schwab/Etrade John Bogle upended the industry with Vanguard and now others do it better. Tip: Vanguard funds don't need to be held at Vanguard...
by FelixTheCat
Mon Oct 05, 2020 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: Thanks to Bogleheads [got a good deal on auto insurance]
Replies: 7
Views: 995

Re: Thanks to Bogleheads [got a good deal on auto insurance]

I've had a few accidents with the uninsured and underinsured. I would make sure those are on your policy.
by FelixTheCat
Thu Oct 01, 2020 4:36 pm
Forum: Personal Investments
Topic: Large inheritance advice please!
Replies: 48
Views: 8607

Re: Large inheritance advice please!

We have just inherited approximately $7M from my spouse's parents. Let's clarify. Did you and your spouse inherit the money? OR Did your spouse inherit the money? In California, inheritances are considered sole and separate property. If it is just one person who truly inherited the money, then I wo...
by FelixTheCat
Thu Oct 01, 2020 3:31 pm
Forum: Personal Finance (Not Investing)
Topic: YNAB and Fidelity
Replies: 23
Views: 2912

Re: YNAB and Fidelity

Thanks for the advice.
by FelixTheCat
Wed Sep 30, 2020 5:24 pm
Forum: Personal Finance (Not Investing)
Topic: YNAB and Fidelity
Replies: 23
Views: 2912

YNAB and Fidelity

I have my Fidelity Cash Management account, Brokerage and Fidelity Credit Card connected to YNAB. I have constant issues with getting Fidelity's credit card transactions to make to YNAB. I connected to YNAB using Fidelity (fidelity.com) as the source for all three accounts. I have simple 12 characte...
by FelixTheCat
Tue Sep 29, 2020 5:36 pm
Forum: Personal Consumer Issues
Topic: Music for a camping trip
Replies: 66
Views: 4220

Re: Music for a camping trip

I use a small blue tooth speaker. I charge everything with my solar powered charger https://www.amazon.com/BigBlue-Foldable-Waterproof-SunPower-Cellphones/dp/B01EXWCPLC/ref=sxin_10?ascsubtag=amzn1.osa.f903f398-3b20-4b85-aacf-a8d2b552f51f.ATVPDKIKX0DER.en_US&creativeASIN=B01EXWCPLC&crid=JQEVG...
by FelixTheCat
Mon Sep 28, 2020 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: Friend on the verge of financial ruin, how to help?
Replies: 137
Views: 15868

Re: Friend on the verge of financial ruin, how to help?

Does anyone else have experience with a friend or relative who you decided to support financially? What worked and what didn't work? I know several people that have chronic financial issues. They all have the same problem. They don't want to work hard, live within their means and invest. I think th...
by FelixTheCat
Fri Sep 25, 2020 3:15 pm
Forum: Personal Investments
Topic: How to combine finances with your spouse? Recently married/early30s
Replies: 55
Views: 4363

Re: How to combine finances with your spouse? Recently married/early30s

My story: I had a premarital house which I commingled in the family trust. I lost 1/2 of the value of the premarital property upon divorce. My suggestion: Do not commingle your premarital accounts/property. Keep your premarital accounts in your name and spend from them as you see fit. Open new accou...
by FelixTheCat
Fri Sep 25, 2020 11:05 am
Forum: Personal Consumer Issues
Topic: Medical Alert Recommendations
Replies: 12
Views: 773

Re: Medical Alert Recommendations

Apple Watch Series 6 with GPS + Cellular. Turn on Fall Detection.
by FelixTheCat
Tue Sep 22, 2020 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: rental property depreciate ?
Replies: 13
Views: 1592

Re: rental property depreciate ?

You started depreciating the property when you placed it in service (made it available for rent), whether you claimed that depreciation on your tax return or not. It's automatic under current law. So if you sold the property tomorrow, you would have to deal with depreciation recapture tax, despite ...
by FelixTheCat
Mon Sep 21, 2020 1:27 pm
Forum: Personal Investments
Topic: Throwing In The Towel on Portfolio Management
Replies: 61
Views: 8213

Re: Throwing In The Towel on Portfolio Management

I have Total Bond in a tax deferred account and Total Stock in a taxable account. I have automatic investments into my mutual funds. I've never had to do anything with my portfolio since it was established decades ago.

What difficulties are you encountering?