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FelixTheCat

Apple Watch Series 6 with GPS + Cellular. Turn on Fall Detection.

FelixTheCat

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 ...

FelixTheCat

jm1495 wrote: ↑Mon Sep 21, 2020 10:05 am Marriage and Divorce.

+1 Thanks for the chuckle.

FelixTheCat

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?

FelixTheCat

I am a sole proprietor with a Vanguard Solo 401K. My employer contributions go to my individual 401K and they reduce my taxable income. My employee contributions go to my individual Roth 401K. I use Fidelity's Solo 401K calculator to determine how much I can contribute to my individual 401K (employe...

FelixTheCat

If the market drops 50% ? He's mostly following Warren Buffett's suggestion. Have enough money in short term bonds to ride out the market. 3 years of 45K income is 135K and he's allocated $150K. The rest in S&P 500. I checked Firecalc and its says you have a 100% success rate until 100. I don't...

FelixTheCat

I am arguing that they should have told me - as I stated above, if they had told us, we would have gone to the VA for free. I've had an HMO for 4+ decades. I've never had anyone tell me the cost of any medical procedure (hospital visit, checkups, shots, etc) before the service. If the VA is free, w...

FelixTheCat

I really don't know about Vanguard's customer service. For me, everything works fine the first time.

FelixTheCat

Stef wrote: ↑Wed May 20, 2020 4:57 am SpaceX if I could.

Why won't Elon share? I want SpaceX too.

FelixTheCat

I remember Peter Lynch. He once said invest in things you know. For example, you drink Coca Cola then buy their stock. Shop at Home Depot, then buy their stock. This is how I got interested in investing. Every time I went shopping at Home Depot I used to think that I am buying product from the compa...

FelixTheCat

I remember envy. In 2007 my friends had big houses, boats, motorhomes, quad runners and other toys. They were out having fun three weekends a month. I was quietly saving money and wondering how they lived so well. When the crash hit in 2008, I found out years later their truth. They weren't paying t...

FelixTheCat

Take some of the profits. Go on a very nice vacation (include Dad) to say Thank You.

FelixTheCat

Paying off my mortgage was a good move for me. It's great having zero debt. It’s good to have zero debt but it’s even better to use other people’s money to get richer. I’m carrying a 400k mortgage and getting 20% YTD in the market on that money that’s in the brokerage. I could pay it off but I’d ra...

FelixTheCat

You can have a His and Hers brokerage account. He does his thing and you invest how you want.

FelixTheCat

Paying off my mortgage was a good move for me. It's great having zero debt. It’s good to have zero debt but it’s even better to use other people’s money to get richer. I’m carrying a 400k mortgage and getting 20% YTD in the market on that money that’s in the brokerage. I could pay it off but I’d ra...

FelixTheCat

I assume you want to pay financial advisors because you don't have the time to learn about investing. So I'll recommend Vanguard's Personal Advisor Service https://investor.vanguard.com/financial-advisor/financial-advice/personal-advisor-services for 30 bps. That's around $2,400 a year. If you want ...

FelixTheCat

Paying off my mortgage was a good move for me. It's great having zero debt.

FelixTheCat

Are both of you beneficiaries of the inheritance? Or was it just you or your wife? In California, inheritance is sole and separate property.

FelixTheCat

My wife's brother passed away in March w/o leaving a will. He never married, no children, leaving things in the hands of his 3 sisters. No will indicates to me that this will have to go through probate. Are the three sisters the only beneficiaries of the estate? What does your state law indicate? A...

FelixTheCat

You can be a simple as a two fund portfolio. Total Stock Index fund and Total Bond Index fund. Make sure you place the funds in the proper account for tax efficiency. https://www.bogleheads.org/wiki/Tax-efficient_fund_placement The purpose of Bogleheads is to educate you about your money to help you...

FelixTheCat

+1 on M1. I wish the major brokerage firms had the pie concept and auto rebalancing.

FelixTheCat

It should take about two months to get a list of assets, contact the appropriate people (attorney/accountant), and distribute the assets only to the heirs. Your novela doesn't indicate it should take any longer.

The problem I see is trustee #1 is dragging their feet.

FelixTheCat

I use Vanguard's Total Corporate ETF (VTF) to supplement my income. The bond etf pays 3% monthly.

FelixTheCat

No. I made the mistake of telling a friend I paid off my home. He thought it was his job to tell me how to spend my money on things he wanted.

FelixTheCat

What's wrong with bonds? Vanguard Total Bond Market Index made 8.01% as of 7/31/2020.

FelixTheCat

I never check my net worth.

I will have to admit that I am a psychotic YNAB user for my checking/savings account. I'm talking severe stalking on my budgeting.

FelixTheCat

AA is a very personal thing. You usually find out what you can handle when the market crashes.

Desired Asset allocation: 60%stocks 20%bonds

Did you mean 60/40? 60/40 is a decent AA with some risk.

Thimk losing 1/2 of your equities in a severe down market to get an idea of your tolerance.

FelixTheCat

I know a few people that received around 250K and each one of them had a lot of short-term fun (new cars, boats, vacations).

FelixTheCat

I opened a brokerage account in my name. I have full control until I decide to distribute the money. My child doesn't know a thing.

I funded the account with an S&P 500 fund.

FelixTheCat

I classify my spending into Needs and Wants. I try to keep my spending allocation around 70/30.

FelixTheCat

My Roth will be the last account I use in retirement. No RMDs. I have S&P 500 in it.

FelixTheCat

I've been shoving money in Total Stock. Market came back nicely.

FelixTheCat

Are you looking for funds for non-USA investors? https://www.bogleheads.org/wiki/Buildin ... _portfolio

FelixTheCat

You lost 46% of your money this year. How did you react? Was it a "Buying Opportunity" or "The Sky is Falling" mentality. Risk tolerance simply allows you to sleep at night while you stay the course.

Personally, I can't handle big swings in my portfolio. I am 50/50.

FelixTheCat

I always plan on donating to charity. I currently have about 10 years of grant money in my DAF based on my current auto grant schedule.

FelixTheCat

Personally, I would go all iShares S&P 500 Index K WFSPX. I might change my mind if you let us know your risk tolerance, how much you need for retirement, etc.

FelixTheCat

The article is about "Infosys is replacing Vanguard’s aging mainframe-computer-based record-keeping system with a remote, cloud-based platform." Did you ever think their current workforce doesn't have the technical talent to complete the project at the rates Infosys is charging? Sound like...

FelixTheCat

I went to the Morgan Stanley website, specifically the "Purchase complex," and called the number shown there: "Complex: (914) 225-5510" Spent some quality time in the menu and eventually got "for other questions, press 5." Was treated reasonably. First person I talked ...

FelixTheCat

My experience with ACA as shock. I found out ACA was $150 more a month than going to my local hospital group directly. The only thing I can think of is the higher paid people are subsidizing others. Shop around.

FelixTheCat

I spoke to the IRS regarding the delays. I was told they were shut down for 2 months and they are working on the backlog. My state refunded money promptly.

FelixTheCat

My letter referenced my account closed in 2016. I never had an account with Morgan Stanley. Like the OP you probably had an account somewhere that was swallowed up by Morgan Stanley. Don't let the close date fool you. I still have empty 401k accounts several years old. I think they auto close them ...

FelixTheCat

My letter referenced my account closed in 2016. I never had an account with Morgan Stanley.

FelixTheCat

My wife doesn't have a 401k because she is an independent contractor. As an independent contractor you are both the employer and the employee. Independent contractors can have two 401Ks. For example, I have a Roth 401K for my employee contributions and a traditional 401K for my employer contributio...

FelixTheCat

Interview. If offered the job, tell them the promotion and salary increase start on the same day.

FelixTheCat

FireCalc will give you an idea https://www.firecalc.com/

FelixTheCat

HawkeyePierce wrote: ↑Tue Jul 14, 2020 11:16 am I occasionally lose a fiver under the couch. That's about it.

I never hide money. Once in a while I find a fiver under Hawkeye's couch.

FelixTheCat

any assets remaining after the payment of creditors, would normally pass to the children and be equally divided among them. You don't have to worry about unsecured debt. For example, if Parent died with credit card debt then you don't have to pay it. I would check with your local state laws to see ...

FelixTheCat

My health insurance is absurd. I can only imagine what it's like for those older. I'm paying $320 a month for the highest deductible plan available. There is no cheaper option that I see. I'm in California. The only good thing about it is that it allows me to qualify for HSA. It's Kaiser no less. I...

FelixTheCat

I look at it as a buying opportunity.

FelixTheCat

If you are no longer considered an employee, just roll over your 401K into an IRA.

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