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Re: Estate planning - big firm or solo practitioner?

Here are my thoughts from another thread ..... best wishes .... I am a lawyer with 30 years private practice law firm experience (full time until age 53, and now part time). I and my clients have experience hiring other lawyers, accountants, brokers, etc. I almost always rely on personal referrals f...
by J295
Thu Oct 16, 2014 8:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Estate planning - big firm or solo practitioner?
Replies: 15
Views: 1097

Re: Retired, my viewpoint has changed again.

malloc -- thanks for sharing your insights. Awareness is a great thing (one of my favorite mystics observes that most people go through life sleepwalking). I concur with your distaste for living inward and "small." Perhaps you'll appreciate Einstein's observation who reportedly said: "...
by J295
Thu Oct 16, 2014 2:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Retired, my viewpoint has changed again.
Replies: 22
Views: 3128

Re: Non performance by executrix

Respectfully, I think next steps for you/your spouse on the matter are simple though not easy. Call the PR/executorix and ask her if she wants you/your spouse to take over, and if not get a commitment from her for a firm date for specific action, and if that's not met then hire a lawyer. If you don'...
by J295
Mon Oct 13, 2014 2:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Non performance by executrix
Replies: 38
Views: 2922

Re: Building a New House, Advice please.

To echo some of the earlier posts .... location and details are critical. We love the creative and team work aspects of a project like the one you are embarking on. Have fun! A couple of random thoughts ..... ** Prepare yourself emotionally and financially for obstacles -- that's the nature of const...
by J295
Sun Oct 12, 2014 11:56 am
 
Forum: Personal Consumer Issues
Topic: Building a New House, Advice please.
Replies: 59
Views: 4235

Re: Lawyer fee question?

I am a lawyer and also hire lawyers, accountants, and other professionals as part of my work. My guess is that the lawyer believed it in your best interests to continue to prepare for the litigation so that your interests would be protected in the event a settlement was not achieved. That would seem...
by J295
Sun Sep 28, 2014 8:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Lawyer fee question?
Replies: 32
Views: 2175

Re: Buy today or stick to plan?

Stick to your plan.
If you no longer believe in your plan, then change your plan.
Personally, our IPS only permits a plan change if we decide on the change and then wait three months and still then desire to make the plan change.
Enjoy the weekend.
by J295
Fri Sep 26, 2014 9:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: Buy today or stick to plan?
Replies: 29
Views: 2846

Re: College-bound teens and finances

Our kids are financially independent college grads. We are a close supportive family, but they all learned through experience how to navigate the financial realities of life. Starting in junior high they each got stipends every six months which they could use or save as they saw fit for nearly all o...
by J295
Wed Sep 10, 2014 1:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: College-bound teens and finances
Replies: 35
Views: 2532

Re: Tennis Role Reversal

Fantastic that your enthusiasm is at such a high level. As for predicting the outcome of your match .... in my estimation it depends on your young opponents skill set more than his/her age ... I played #1 singles in high school with good outcomes (all city, conference champ, state semis, etc.), and ...
by J295
Mon Sep 08, 2014 10:08 pm
 
Forum: Personal Consumer Issues
Topic: Tennis Role Reversal
Replies: 13
Views: 1315

Re: Advice on job opportunity abroad: taxes, cost of living,

I am very excited about the prospect of moving from a personal perspective (very interested in the region and speak Spanish fluently, want to get international exposure in my career, etc.), but have a few hesitations from a financial point of view. It seems like with many significant decisions ther...
by J295
Sun Aug 31, 2014 7:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Advice on job opportunity abroad: taxes, cost of living, etc
Replies: 13
Views: 1146

Re: Sports Motivation Waning

We are a family of overachievers, including competitive sports at a high level. My best sport was tennis, although I no longer play. I share that only so you'll know my background in reading my comments. You may want to take a year of embracing this new dynamic and flesh out what it says about you a...
by J295
Sat Aug 30, 2014 7:07 am
 
Forum: Personal Consumer Issues
Topic: Sports Motivation Waning
Replies: 18
Views: 1677

Re: How to find a lawyer for estate planning?

I am a lawyer with 30 years private practice law firm experience (full time until age 53, and now part time). I and my clients have experience hiring other lawyers, accountants, brokers, etc. I almost always rely on personal referrals from trusted friends or acquaintances. For an estate plan lawyer ...
by J295
Wed Aug 27, 2014 11:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to find a lawyer for estate planning?
Replies: 16
Views: 813

Re: I need "Ultra High Net Worth" investing advice please

I truly trust my attorney and he did offer to get me in contact with the above people that handle his finances and firm as well others I know. You may consider having this trusted counsel kept in the loop as part of your team even if his area of expertise is not estate planning. Your trust in him a...
by J295
Sun Aug 24, 2014 8:45 am
 
Forum: Investing - Help with Personal Investments
Topic: I need "Ultra High Net Worth" investing advice please
Replies: 225
Views: 19372

Re: In the very early process of starting a business. ?'s

Get a great accountant and he/she can help you select software for tracking income and expenses (i.e. quick books). As for the Roth IRA contribution it will likely turn on how you structure your activities and account for and characterize your income and expenses (sole proprietorship vs. entity, etc...
by J295
Fri Aug 22, 2014 1:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: In the very early process of starting a business. ?'s
Replies: 4
Views: 527

Re: What to consider while purchasing an existing business?

I recognize you did not ask whether or not you should purchase this business. Nonetheless, I will share a couple of observations for your consideration: 1. Before pulling the trigger I would recommend detailed due diligence, and a detailed business plan. 2. Typically, you would want input from an ex...
by J295
Fri Aug 22, 2014 11:04 am
 
Forum: Personal Finance (Not Investing)
Topic: What to consider while purchasing an existing business?
Replies: 50
Views: 4106

Re: Do you tip on the tax?

by nisiprius » Fri Aug 22, 2014 6:45 am I tip in cash and I round up to some nice round number. My wife and I negotiate on the amount--it's sort of potlatch, we tend to raise each other's suggestions rather than reduce them--and it is partially based on our joint currency holdings. The starting poi...
by J295
Fri Aug 22, 2014 9:10 am
 
Forum: Personal Consumer Issues
Topic: Do you tip on the tax? [Restaurants]
Replies: 124
Views: 5260

Re: Retiree Poll: Do you do any volunteer work?

While working full time I did a lot of "board of director" type volunteer work. After transitioning to part time I made a conscious decision to volunteer "on the ground." So, now I visit hospital patients once per week and offer them Communion, volunteer as a patient escort at a ...
by J295
Thu Aug 21, 2014 7:10 pm
 
Forum: Personal Consumer Issues
Topic: Retiree Poll: Do you do any volunteer work?
Replies: 32
Views: 2477

Interior Door Leverset

Anyone have experience with A. Homehardware4less B. Emtek interior door hardware (modern suttgart leverset). We are having our cabinet maker make our interior doors, which will be higher quality than the typical mdf type doors purchased from the lumber yard, and we want to accordingly purchase highe...
by J295
Tue Aug 19, 2014 3:23 pm
 
Forum: Personal Consumer Issues
Topic: Interior Door Leverset
Replies: 3
Views: 439

Re: Golf School Recommendations, East Coast?

I am a 55 year old with an 8 USGA handicap index and I very much enjoy golf. To answer your question, take a look at the website for extraordinary golf (there is a book by the same name). I note on their website that they sometimes hold their school on the east coast, although they principally work ...
by J295
Thu Aug 14, 2014 10:43 pm
 
Forum: Personal Consumer Issues
Topic: Golf School Recommendations, East Coast?
Replies: 11
Views: 726

Re: Would you tip this tour guide?

I would tip.
by J295
Tue Aug 12, 2014 3:49 pm
 
Forum: Personal Consumer Issues
Topic: Would you tip this tour guide?
Replies: 22
Views: 2280

Re: Good place to park ~$500k for house remodel/teardown?

I would "park" the funds in a high yield savings account (AMX Bank -- two accounts to assure FDIC coverage). I wouldn't consider them part of our AA at this point. Enjoy the remodel/tear down. We purchased a town home and are doing a substantial renovation and love the process. We're fortu...
by J295
Tue Aug 12, 2014 8:19 am
 
Forum: Investing - Help with Personal Investments
Topic: Good place to park ~$500k for house remodel/teardown?
Replies: 17
Views: 2477

Re: How important is my insurance agent?

We have had an independent agent for 30+ years. The agency is owned by a friend. Over time our rather modest needs were handled by a staff agent, but for some matters I'd reach out to both my agent friend and his staff agent. Both were extremely prompt and responsive. Matters like .... make sure we ...
by J295
Mon Aug 11, 2014 6:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: How important is my insurance agent?
Replies: 37
Views: 2194

Re: Fear of Disclosing Net Worth

We rarely have a need to disclose, but when we had to in the past it didn't concern us (i.e. financial statement to bank for business I was part owner of; credit card application; etc.). We prefer to keep our financial status private, but it isn't fear based. As for phone calls and mail, I only answ...
by J295
Mon Aug 11, 2014 1:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Fear of Disclosing Net Worth
Replies: 60
Views: 8324

Re: Purchasing Original Abstract Art

I like Etsy.com

Plenty of interesting art by struggling/part-time artists, some quite good!


Thanks for the information. We will check it out.
by J295
Mon Aug 11, 2014 10:13 am
 
Forum: Personal Consumer Issues
Topic: Purchasing Original Abstract Art
Replies: 9
Views: 735

Re: Purchasing Original Abstract Art

It was around $1,000. A no name artist. I don't consider it an investment, at all. The price was acceptable to me, and I really enjoy it. Fyi, $1k is an acceptable cost based on our early experiences, and we have found some items around this range we enjoy .... we just aren't interested at this poi...
by J295
Mon Aug 11, 2014 10:12 am
 
Forum: Personal Consumer Issues
Topic: Purchasing Original Abstract Art
Replies: 9
Views: 735

Purchasing Original Abstract Art

We will be making our first purchases of original abstract art (acrylic or oil on canvas). We have located some pieces that we like at a local gallery and at a recent art festival that happened to be in the community where we recently stayed on vacation. We will be buying what we like (and which fit...
by J295
Mon Aug 11, 2014 2:03 am
 
Forum: Personal Consumer Issues
Topic: Purchasing Original Abstract Art
Replies: 9
Views: 735

Re: That sudden moment when Money is not a Problem.........

From our IPS ...... To retain awareness that there are two risks impacting our financial choices. One, the risk that we could someday run out of money. The other, more subtle, that we die without living fully because we are unduly inhibited by the first risk. We shall strike a balance and retain fle...
by J295
Thu Aug 07, 2014 1:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: That sudden moment when Money is not a Problem
Replies: 33
Views: 6820

Re: Looking for advice on creating a Will

Have it done by an estate plan lawyer. Consider wills with trusts for minor children (current and any born later), and name a guardian for child/children. Also consider powers of attorney and powers of attorney for health care. There will be a number of decisions you will need to make (trustee for t...
by J295
Thu Aug 07, 2014 1:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Looking for advice on creating a Will
Replies: 39
Views: 2704

Re: Should I worry about being audited?

Hire a good accountant or tax lawyer. This does not appear to me to be a DIY situation.
by J295
Tue Aug 05, 2014 8:47 am
 
Forum: Personal Finance (Not Investing)
Topic: Should I worry about being audited?
Replies: 34
Views: 3136

Re: How do you document your HSA "stuff?"

keeping it simple ... spreadsheet and envelope
by J295
Mon Aug 04, 2014 10:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: How do you document your HSA "stuff?"
Replies: 38
Views: 2251

Re: Career advice for retiring doc

If I'm understanding your thoughts correctly, you'd like to see how you can play a part in helping to shape the national discussion for navigating the health care delivery system to a better model on a macro level. Bravo for you. One avenue you might consider is writing some articles and/or doing so...
by J295
Mon Aug 04, 2014 5:10 pm
 
Forum: Personal Consumer Issues
Topic: Career advice for retiring doc
Replies: 16
Views: 2227

Re: What amount of Earnest Money - New Pulte Home

Not sure if this should matter to the builder and I still need to read the contract to see what conditions result in a forfeit of the earnest money. I think you will be best served by knowing the contractual conditions regarding the earnest money. If there is no real risk to your deposit why concer...
by J295
Sun Jul 27, 2014 11:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: What amount of Earnest Money - New Pulte Home
Replies: 35
Views: 2083

Re: Tips for incorpating a charity

I am a lawyer and have been involved with many great causes but not as their legal counsel. I can offer some general observations for you to consider in light of your questions. Choice for state of incorporation may be dependent on the charitable activities. Find a good accountant, lawyer, and insur...
by J295
Sun Jul 27, 2014 11:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tips for incorpating a charity
Replies: 10
Views: 548

Re: Selling House - Do We Need a Listing Broker?

Do you need a listing broker? I hope to be helpful, but it's very situational. Sort of like asking, do I need a lawyer, or an accountant, or a plumber, etc.? It depends ..... As a point of reference, we have bought and sold two homes, and built another. None involved a real estate agent, but in each...
by J295
Sun Jul 27, 2014 11:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Selling House - Do We Need a Listing Broker?
Replies: 61
Views: 2944

Re: Obtaining Legal Counsel?

J295 wrote:...and typically high law school class ranking (top 10%). I'm a lawyer also. How in the world are you ever going to find this out?? Gill In our area, law review invitations are extended to the top 10% of the class. Also, graduation with distinction, order of the coif, summa cum laude, al...
by J295
Fri Jul 25, 2014 7:48 am
 
Forum: Personal Finance (Not Investing)
Topic: Obtaining Legal Counsel?
Replies: 51
Views: 3537

Re: Lawyer Up? Advice Needed

I am a lawyer, and in my work I and my clients sometimes need to hire other lawyers, accountants, brokers, etc. I have engaged other professionals as well for personal reasons, such as doctors, architects, tradespeople, etc. I almost always rely on personal referrals from trusted friends or acquaint...
by J295
Thu Jul 24, 2014 8:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Obtaining Legal Counsel?
Replies: 51
Views: 3537

Re: What's Golf Course Frontage Worth - Indianapolis

We have a town home on a cul-de-sac in a Pete Dye designed golf course on the "edge of town." It's an old real estate saying, but when it comes to golf course homes I think it is particularly true. It's all about location, location, location. For example, I wouldn't want to live 200-250 ya...
by J295
Wed Jul 23, 2014 7:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: What's Golf Course Frontage Worth - Indianapolis
Replies: 19
Views: 1254

Re: Can I retire early?

As long as you don't lose that number


Nice!

Credit livesoft and Steely Dan

https://www.youtube.com/watch?v=p5h3HFVpTl8
by J295
Sun Jul 20, 2014 5:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: Can I retire early?
Replies: 28
Views: 4078

Re: Should I use margin to buy a balanced fund?

Personally, we sleep better with no debt. Thus, after our home mortgage was paid off in our 30s we have chosen not to incur debt.
So, we would not borrow to buy a balanced or any other fund.
by J295
Sun Jul 20, 2014 5:24 pm
 
Forum: Investing - Theory, News & General
Topic: Should I use margin to buy a balanced fund?
Replies: 370
Views: 31561

Re: Can I retire early?

Questions: 1. Does my strategy with fixed income "allow" me to continue a higher risk asset allocation? Should I extend the ladder as each matures (my tax bracket will fall in retirement)? Or should I "glide" now to 60/40? My feeling is that I will have a 35 year retirement and ...
by J295
Sun Jul 20, 2014 5:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: Can I retire early?
Replies: 28
Views: 4078

Re: Help with setting up Fidelity solo-401k

I set one up last year. I called the reps with any questions and they were very helpful. As for needing an EIN, I see that part on the form, but know that I didn't have to get a separate EIN (I am self employed and don't have a separate EIN). I can't recall exactly what I did on this part of the for...
by J295
Fri Jul 18, 2014 3:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with setting up Fidelity solo-401k
Replies: 14
Views: 875

Re: How many Bogleheads golf?

Usually have to wait for playing partners who are driving carts. That reminded me ..... a few years ago my main playing partner and I (both single digit handicaps) decided to play most of the season exceptionally fast ..... we had the first tee time, and one time were told to slow down because we w...
by J295
Thu Jul 03, 2014 10:51 pm
 
Forum: Personal Consumer Issues
Topic: How many Bogleheads golf?
Replies: 81
Views: 4600

Re: Should I go back?

For us, in making such a choice the quality of life (including especially marriage/family) would far outweigh the financial considerations you have presented.
by J295
Wed Jul 02, 2014 8:00 am
 
Forum: Personal Finance (Not Investing)
Topic: Should I go back?
Replies: 32
Views: 3245

Re: How many Bogleheads golf?

I'm 54 and have played golf for about 45 years. I enjoy the game and the people. Now that I'm part time I am able to play a couple of times a week and practice a couple of days a week. The past 20 years I played principally at a golf club, where we recently purchased a town home. Outside of the golf...
by J295
Sat Jun 28, 2014 6:27 pm
 
Forum: Personal Consumer Issues
Topic: How many Bogleheads golf?
Replies: 81
Views: 4600

Re: Bad paint job - Course of action help pls

I'm certainly no ceiling expert, but I'm curious as to whether your ceiling was properly prepared to be primed and painted. Spackle does not sound appropriate. I am thinking the ceiling should have had professional drywall work (would they have recommended tape and mud in areas, or an entire skim co...
by J295
Sat Jun 28, 2014 11:29 am
 
Forum: Personal Consumer Issues
Topic: Bad paint job - Course of action help pls
Replies: 28
Views: 2788

Re: I cannot make the jump and retire

I spent three years working through my professional transition from full time to part time so that my partners and clients would be well served. That time, and the 1.5 years that I have been part time have allowed an evolutionary process that has worked very well for my wife and I. In terms of pulli...
by J295
Sat Jun 14, 2014 8:01 am
 
Forum: Personal Finance (Not Investing)
Topic: I cannot make the jump and retire
Replies: 73
Views: 8325

Re: car repair ordeal

Get some facts first. Ask them about it then determine how you wish to respond.
by J295
Wed Jun 11, 2014 8:05 am
 
Forum: Personal Consumer Issues
Topic: car repair ordeal
Replies: 21
Views: 2743

Re: Should I move from Fidelity to Vanguard?

We have accounts at both. Fidelity's service and website, in our experience, is clearly superior.
by J295
Wed Jun 11, 2014 8:03 am
 
Forum: Investing - Help with Personal Investments
Topic: Should I move from Fidelity to Vanguard?
Replies: 44
Views: 3679

Re: The 2 comma paradox

Philippians 4:12
Walden (Thoreau)
by J295
Sun Jun 08, 2014 7:52 am
 
Forum: Personal Finance (Not Investing)
Topic: The 2 comma paradox
Replies: 155
Views: 14759

Re: How To Encourage A Young (Sensitive) Child In Sports

So you can filter my observations, I think there are some benefits to sports in term of socialization, physical fitness, work ethic, and teamwork, but there are a fair number of downsides too, including crazy parent and coach behaviors and expectations. My advice is pretty basic, which I'm sure OP a...
by J295
Sun Jun 08, 2014 7:43 am
 
Forum: Personal Consumer Issues
Topic: How To Encourage A Young (Sensitive) Child In Sports
Replies: 115
Views: 5680

Anyone else want to share a "great vendor" experience

We are coordinating subs for a substantial renovation ($100k +). There was some modest insulation work necessary, so I called out an insulator. The estimator was with us about 10 minutes at the property and told me that we looked like the do it yourself types (we are reasonably handy) and that if th...
by J295
Sat Jun 07, 2014 12:05 am
 
Forum: Personal Consumer Issues
Topic: Anyone else want to share a "great vendor" experience
Replies: 4
Views: 685
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