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Re: my review of my HSA with Saturna brokerage

mikep wrote:I believe that fee is for a trustee to trustee transfer. Does it apply to a direct rollover?


Good question, and worth asking Saturna (though I prefer trustee-to-trustee transfers). I just sent them an email and will report any answer I get next week.
by Eric
Fri Apr 18, 2014 6:54 pm
 
Forum: Investing - Theory, News & General
Topic: my review of my HSA with Saturna brokerage
Replies: 18
Views: 1348

Re: my review of my HSA with Saturna brokerage

Note the $75 "account transfer out" fee. (See the table at the bottom of page 3 of this PDF.) I was planning to sign up, but that fee gives me pause. If I run into problems, I'd like to be able to leave without paying a significant penalty.
by Eric
Fri Apr 18, 2014 12:18 pm
 
Forum: Investing - Theory, News & General
Topic: my review of my HSA with Saturna brokerage
Replies: 18
Views: 1348

Re: making your own will or trust

sscritic, I know you like cites (as do I). If you're interested in the "widow's election" issue, here's an outline that discusses relevant cases. See page 12 of the outline (page 18 of the PDF).
by Eric
Wed Apr 16, 2014 4:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: making your own will or trust
Replies: 29
Views: 1644

Re: making your own will or trust

She gets 3/4 of course! Yes, I think that's the result in my example. But is that what the person intended? Did he mean for his wife to get/have 3/4 of the funds, or just to keep her half? Assume the funds were titled solely in his own name. you can't leave what is not yours to give No, you can't l...
by Eric
Wed Apr 16, 2014 4:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: making your own will or trust
Replies: 29
Views: 1644

Re: making your own will or trust

Just wondering, could you elaborate on the "significant problems"? I don't often comment on these threads, as anything I say will seem self-interested. (I say "seem" because anyone who might use Nolo wouldn't hire me anyway. I work at a large law firm and handle large estates.) ...
by Eric
Wed Apr 16, 2014 4:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: making your own will or trust
Replies: 29
Views: 1644

Re: making your own will or trust

[Deleted. My post here originally referred to an older thread in which I discussed this issue. I decided to repost and incorporate my prior comments from that old thread below.]
by Eric
Wed Apr 16, 2014 3:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: making your own will or trust
Replies: 29
Views: 1644

Re: my review of my HSA with Saturna brokerage

Thanks for the helpful info.
by Eric
Wed Apr 02, 2014 11:00 pm
 
Forum: Investing - Theory, News & General
Topic: my review of my HSA with Saturna brokerage
Replies: 18
Views: 1348

Re: my review of my HSA with Saturna brokerage

Could you check on VTSAX, VTIAX, VBTLX, and FSTVX? Thanks!

(These are the Admiral shares of Vanguard's Total Stock Market, Total International, and Total Bond Market funds, and the Advantage shares of Fidelity's Spartan Total Market Index fund.)
by Eric
Wed Apr 02, 2014 7:57 am
 
Forum: Investing - Theory, News & General
Topic: my review of my HSA with Saturna brokerage
Replies: 18
Views: 1348

Re: ILIT for term life insurance?

Compare two figures: 1. The cost of $1 million of insurance (over 20 years) plus an ILIT. 2. The cost of $1.11 million of insurance (over 20 years). If your assumptions are correct, both approaches should net your beneficiaries the same amount. (90% of $1.11 million equals $1 million, rounded.) I su...
by Eric
Sat Mar 29, 2014 5:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: ILIT for term life insurance? [Irrevocable Life Ins. Trust]
Replies: 11
Views: 572

Re: Medigap Plan G vs Plan F?

I see some value in a zero-deductible option, as a safeguard against future mental impairment. If the deductible is zero, I can follow a simple rule: I shouldn't have to pay anything at the doctor's office. (This assumes that Plan F does in fact cover all charges.) If the deductible is more than zer...
by Eric
Tue Mar 04, 2014 6:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Medigap Plan G vs Plan F?
Replies: 32
Views: 3952

Re: Overseas investor interested in US real estate

Third, get your legal affairs in order. [snip] Much of this is based on tax laws of the home country of the client. And also consider the tax laws of the U.S., including the federal estate tax. The federal estate tax exemption for nonresident aliens is only $60,000 (unless your home country has neg...
by Eric
Tue Mar 04, 2014 4:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Overseas investor interested in US real estate
Replies: 14
Views: 761

Re: The Estate lawyer cost us big

Eric: I may have missed whether this was a Revocable Trust, but the dwelling and other items were not in the Trust. That required it to be probated which would otherwise not have been a requirement. Something is always "not in the Trust." OK, maybe everything is there for a brief period o...
by Eric
Mon Feb 24, 2014 10:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: The Estate lawyer cost us big
Replies: 109
Views: 8893

Re: The Estate lawyer cost us big

Nowizard wrote:One way to avoid this in the future is to have assets in a Revocable Trust.


The deceased had a revocable trust, and it sounds like he had most of his assets in the trust. So this thread does not show that at all.
by Eric
Mon Feb 24, 2014 2:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: The Estate lawyer cost us big
Replies: 109
Views: 8893

Re: The Estate lawyer cost us big

taking Bru, at his word, there was one piece of real estate, some minor personal property, and various stocks and mutual funds. And taking Bru at his word, the attorneys spent 200 hours dealing with that, and the work descriptions themselves don't seem improper. So what did the 200 hours entail? Le...
by Eric
Mon Feb 24, 2014 12:41 am
 
Forum: Personal Finance (Not Investing)
Topic: The Estate lawyer cost us big
Replies: 109
Views: 8893

Re: The Estate lawyer cost us big

Based on the breakdown of fees I have seen nothing would be considered improper or unethical. In my opinion excessive but not anything that the Executor and law firm couldn't easily justify. You indicated that there are 200 hours of attorney time in that breakdown. Can you describe some of the larg...
by Eric
Mon Feb 24, 2014 12:24 am
 
Forum: Personal Finance (Not Investing)
Topic: The Estate lawyer cost us big
Replies: 109
Views: 8893

Re: The Estate lawyer cost us big

I count four Boglehead attorneys in this thread with estate experience, and we each seem to have the same reaction: These facts don't add up. Now, they may not add up because the executor in question is in fact unethical. From the OP's posts, it seems that the executor is a reputable attorney from a...
by Eric
Mon Feb 24, 2014 12:01 am
 
Forum: Personal Finance (Not Investing)
Topic: The Estate lawyer cost us big
Replies: 109
Views: 8893

Re: Dallas/Fort Worth Chapter

Yes, we have an active group. One of our admins approved requests a few days ago, but doesn't see anything pending now. Did you get the group emails this evening?
by Eric
Sat Feb 22, 2014 9:19 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: Dallas/Fort Worth Chapter
Replies: 4
Views: 458

Re: The Estate lawyer cost us big

My father named my cousin as executor of his Estate. Why exactly he did it we aren't sure. This is the heart of the issue. If we knew your father's reasons for naming someone other than one of his adult children as executor, that might explain the expense. I know you don't know either, so I don't m...
by Eric
Sat Feb 22, 2014 12:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: The Estate lawyer cost us big
Replies: 109
Views: 8893

Re: Cloud file system for small business

I'll vouch whole-heartedly for Google Drive. Both my wife and I use it to sync nearly 100GB across three laptops, running both Windows and OS X. Both laptops have a local Google Drive client that instantly syncs any and all changes made on the local file systems. It's performed flawlessly for us. D...
by Eric
Thu Feb 20, 2014 10:50 pm
 
Forum: Personal Consumer Issues
Topic: Cloud file system for small business
Replies: 11
Views: 566

Re: Prenuptial Agreement

Consider a ranch owner in Texas who gets married. The income from running cattle on the ranch is community, but at the divorce the ranch belongs to the rancher. The rancher sells the ranch the day after the divorce for a $4 million profit. That belongs to the rancher. Now suppose the rancher sells ...
by Eric
Mon Feb 03, 2014 8:16 am
 
Forum: Personal Finance (Not Investing)
Topic: Prenuptial Agreement
Replies: 34
Views: 3101

Re: Prenuptial Agreement

What about short-term capital gains? For tax purposes, they're treated as nonqualified dividends. For these purposes, it shouldn't matter whether the gain is long or short. Though I suppose if someone generated very frequent short-term capital gains (e.g., a day-trader), the result might be differe...
by Eric
Sun Feb 02, 2014 5:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Prenuptial Agreement
Replies: 34
Views: 3101

Re: Prenuptial Agreement

Where is Eric when we need him? Thinking of the myriad ways a lawyer can get in trouble on the Internet. For example, if my firm represents Uncle's fiancée and I start offering even informal suggestions to Uncle . . . well, that would be awkward at best, and in some cases much worse. This scenario ...
by Eric
Sun Feb 02, 2014 4:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Prenuptial Agreement
Replies: 34
Views: 3101

Re: TAYLOR'S UPCOMING 90th BIRTHDAY

Happy birthday, Taylor! I have been deeply impressed by your honesty, warmth, and kindness since the Morningstar days. Thanks for all you do.
by Eric
Sat Jan 25, 2014 10:25 am
 
Forum: Local Chapters and Bogleheads Community
Topic: Taylor's 90th Birthday
Replies: 272
Views: 12659

Re: Please Help with Estate Planning

In my state, probate can be very simple (assuming a properly drafted will, harmonious family, etc.). I've seen people pay more for a funded revocable trust than they would have paid for a simple probate. And in many cases, the revocable trust does not actually succeed in avoiding probate. Revocable ...
by Eric
Thu Jan 23, 2014 11:02 am
 
Forum: Personal Finance (Not Investing)
Topic: Please Help with Estate Planning
Replies: 10
Views: 821

Re: Estate Planning: how to revise Living Trust

You're not comparing same to same. Probating the Will is generally a small part of the work in an estate administration. Most of the other work is the same either way. I completely agree. When people say "probate costs X," they really mean "everything required to settle a deceased pe...
by Eric
Mon Jan 06, 2014 12:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Estate Planning: how to revise Living Trust
Replies: 15
Views: 1306

Re: Gifting stock to family

Retread is right. See Treas. Reg. sec. 1.1001-2(a)(1) ("[T]he amount realized from a sale or other disposition of property includes the amount of liabilities from which the transferor is discharged as a result of the sale or disposition.").
by Eric
Sat Dec 14, 2013 4:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Gifting stock to family
Replies: 10
Views: 463

Re: Thank you moderators, site administrators

I also add my heartfelt thanks. This thread aside, people are more likely to provide feedback when they're unhappy than when they're satisfied. So thanks also to the OP, for providing this opportunity to tell our moderators that they do a great job maintaining the best investment forum on the Intern...
by Eric
Mon Dec 02, 2013 2:01 pm
 
Forum: Forum Issues and Administration
Topic: Thank you moderators, site administrators
Replies: 32
Views: 1757

Re: The JFK Assassination

I am amazed to learn that my adopted city used to be known as the "city of hate". To be fair, one could describe many cities of that era that way. The Los Angeles of RFK's assassination had deep wounds of its own, as reflected in the Watts riots and other tensions. Ultimately, though, nei...
by Eric
Sat Nov 23, 2013 1:25 am
 
Forum: Local Chapters and Bogleheads Community
Topic: The JFK Assassination
Replies: 42
Views: 2446

Re: Moving to Dallas, TX

frugaltype wrote:Dallas is Red, Chicago is Blue.


Actually, no. Dallas is blue, as measured objectively by election returns.
by Eric
Sat Oct 19, 2013 9:49 pm
 
Forum: Personal Consumer Issues
Topic: Moving to Dallas, TX
Replies: 76
Views: 5362

Re: Gmail alternative recommendations?

Fastmail is a good alternative. They do charge (see options on their site) but are fairly inexpensive.

I considered iCloud too, but we wanted our own domain name and iCloud doesn't support that well.
by Eric
Fri Oct 11, 2013 12:12 pm
 
Forum: Personal Consumer Issues
Topic: Gmail alternative recommendations?
Replies: 76
Views: 8639

Re: Has the small cap premium disappeared?

we are back in the world of subtle claims for investments that are no better in themselves yet make small improvements when added to a total portfolio. I've never been able to get past the "reductio ad absurdum" objection to those claims. Any component of the total portfolio will have an ...
by Eric
Mon Oct 07, 2013 2:42 pm
 
Forum: Investing - Theory, News & General
Topic: Has the small cap premium disappeared?
Replies: 31
Views: 2499

Re: Affordable Care Act data point

Yes, if there's a cheaper (or better value) option they aren't likely to offer it up if they don't have too. Maybe, but Blue Cross appears to have all of their policy options on their website. They do have cheaper plans, but they aren't as comparable to what I have. For example, the monthly premium...
by Eric
Wed Oct 02, 2013 12:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Affordable Care Act data point
Replies: 29
Views: 1523

Re: Affordable Care Act data point

cflannagan wrote:Is this health plan offered through an employer?


No, not offered through an employer. Purchased in the individual market.
by Eric
Wed Oct 02, 2013 12:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Affordable Care Act data point
Replies: 29
Views: 1523

Re: Affordable Care Act data point

The previous policy you had seems like it was too cheap. $315 a month for a family with a 7 year old? We had to go through underwriting to establish that we were all in good health, and it has a very high deductible ($10,000). We've had the policy for several years and Blue Cross hasn't had to pay ...
by Eric
Wed Oct 02, 2013 12:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Affordable Care Act data point
Replies: 29
Views: 1523

Re: Affordable Care Act data point

Any information you can share with us concerning the coverage network between the two policies? I.e. does the ACA policy have the same network as your existing policy? New policy uses the "Blue Choice" network. I need to check my existing policy to see what network it has (and if differen...
by Eric
Wed Oct 02, 2013 12:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Affordable Care Act data point
Replies: 29
Views: 1523

Re: Affordable Care Act data point

bungalow10 wrote:Try logging onto the exchange to see what kind of comparisons you can get. Blue Cross calling you and up-selling you a policy isn't exactly buying on the open market.


Agreed. I was just trying to compare grandfathered-to-ACA within the same company to minimize the number of confounding variables.
by Eric
Wed Oct 02, 2013 12:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: Affordable Care Act data point
Replies: 29
Views: 1523

Re: Affordable Care Act data point

If I am not mistaken the $6,000 deductible you refer to is per person not per family. I was about to say no, but on closer inspection I think you're right. The summary page says $6,000 individual deductible, $12,700 family deductible. That surprises me as I thought you had either an individual dedu...
by Eric
Wed Oct 02, 2013 11:49 am
 
Forum: Personal Finance (Not Investing)
Topic: Affordable Care Act data point
Replies: 29
Views: 1523

Re: DVR options/alternatives

We're trying Aereo, which just came to our area. It's a cloud DVR service. $8 per month for up to 20 hours of recording, $12 per month for up to 60 hours. You can play back the video on an HDTV if you have a Roku or Apple TV. (But Airplaying to an Apple TV from an iPhone 5 didn't work very well for ...
by Eric
Wed Oct 02, 2013 11:40 am
 
Forum: Personal Consumer Issues
Topic: DVR options/alternatives
Replies: 13
Views: 593

Affordable Care Act data point

No politics, please. I just thought people might find these figures interesting and relevant to their personal planning. My wife and I are both 42, in good health, with a 7-year-old son. We live in Texas and have a health insurance policy through Blue Cross Blue Shield. PPO, $10,000 family deductibl...
by Eric
Wed Oct 02, 2013 11:31 am
 
Forum: Personal Finance (Not Investing)
Topic: Affordable Care Act data point
Replies: 29
Views: 1523

Re: Help! uh oh Parents bought me whole life insurance...

Consider the annual premiums an investment in your relationship with your parents. I don't think this was the best investment choice, either, but do you really want to tell them that? Also, as others have suggested, many policy costs are front-loaded. Once you (or in this case your parents) have tak...
by Eric
Fri Sep 20, 2013 9:18 am
 
Forum: Personal Finance (Not Investing)
Topic: Help! uh oh Parents bought me whole life insurance...
Replies: 30
Views: 2870

Re: What was/is "cumulative stock?"

Let's start with the foundation and build up from there. Dividends (on any type of stock) are inherently less certain than interest payments. Preferred stockholders may enjoy more protection than common stockholders, but in most cases the corporation's board of directors still has some discretion as...
by Eric
Wed Sep 18, 2013 9:17 am
 
Forum: Investing - Theory, News & General
Topic: What was/is "cumulative stock?"
Replies: 7
Views: 826

Re: Do you have a Bloomberg terminal?

Hmm. I read (and pay for) the Wall Street Journal, but not to research investments.
by Eric
Wed Sep 11, 2013 3:20 pm
 
Forum: Investing - Theory, News & General
Topic: Do you have a Bloomberg terminal?
Replies: 30
Views: 2468

Re: IRS-recharacterization

At what point does this become harassment? I sympathize with your frustration. But there's an unfortunate cycle that works like this: 1. People hate the IRS. 2. Congress "punishes" the IRS by reducing its funding. 3. Reduced funding leaves the IRS understaffed, increasing caseloads for th...
by Eric
Tue Sep 10, 2013 9:31 am
 
Forum: Personal Finance (Not Investing)
Topic: IRS-recharacterization
Replies: 10
Views: 936

Re: Sometimes Safer NOT to Carry Homeowners Insurance (!?)

For the most common claims, the underwriter of the umbrella policy wants another insurer on the hook for that first $500K (so, no, you are not purchasing double coverage for that first $500K). I'm not sure if you were responding here to my comment, or just speaking generally. But suppose you have a...
by Eric
Sun Aug 18, 2013 11:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Sometimes Safer NOT to Carry Homeowners Insurance (!?)
Replies: 59
Views: 4474

Re: Sometimes Safer NOT to Carry Homeowners Insurance (!?)

My umbrella policy does indeed have a minimum coverage limit for residential liability - which is provided by my homeowners policy. My homeowners policy exceeds the limit, and the umbrella takes care of the rest. Wouldn't it make sense to lower your homeowner's liability coverage to the minimum req...
by Eric
Sun Aug 18, 2013 6:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Sometimes Safer NOT to Carry Homeowners Insurance (!?)
Replies: 59
Views: 4474

Re: Sometimes Safer NOT to Carry Homeowners Insurance (!?)

Our home's insurer will allow deductibles as high as $15,000 for most claims and 5% for wind and hail. You might ask your insurer to price that for you.
by Eric
Sun Aug 18, 2013 9:52 am
 
Forum: Personal Finance (Not Investing)
Topic: Sometimes Safer NOT to Carry Homeowners Insurance (!?)
Replies: 59
Views: 4474

Re: T-Mobile Network Quality

Regarding roaming onto AT&T, this thread indicates that isn't universal. Apparently T-Mobile can roam onto AT&T's network in some areas but not others.
by Eric
Tue Jul 30, 2013 3:12 pm
 
Forum: Personal Consumer Issues
Topic: T-Mobile Network Quality
Replies: 23
Views: 2195

Re: Based on our situation, would you recommend a will/trust

However, the child's trust doesn't have to be rigid. It can be flexible. The child can have effective control at a specified age, such as 30 or 35. For example, the trustees can have complete discretion to distribute the income and principal of the trust to or for the benefit of the child and the c...
by Eric
Mon Jul 29, 2013 5:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Based on our situation, would you recommend a will/trust?
Replies: 11
Views: 872

Re: T-Mobile Network Quality

They have a contract with AT&T that allows their customers to use the AT&T network where the TM network doesn't exist. This is why I wouldn't worry about voice coverage too much. The problem, though, is that there are areas where the TM network exists but is slow (2G). I don't think you can...
by Eric
Mon Jul 29, 2013 1:51 pm
 
Forum: Personal Consumer Issues
Topic: T-Mobile Network Quality
Replies: 23
Views: 2195
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