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I already did that but wanted to reduce this risk even if his own insurance was more. But if spinning him off on the car won't reduce my risk, ill leave it as-is and keep the insurance (lower cost in my name )

I want to put my son's car into his name, from mine, to limit my liability. My insurance agent says I will still be liable until he turns 21 as long as I am supporting him...which I am. This doesn't sound right to me, but the agent would actually generate a much higher premium if I "spin off&qu...

One downside is that here in PA an perhaps other states losses can't be carried forward. So now that equities have rallied and I needed to sell some to rebalance, my TLH-bot-in-2009 shares have a very low basis with at no carried forward loss to be offset The taxable gain. And net investment losses ...

Amount. That's what I wanted to know. Thanks.

flossy21 wrote:Vanguard's mobile phone app will let you deposit a check by taking a photograph of it with the phone. It works very well in my experience.

https://personal.vanguard.com/us/whatwe ... leservices

Any limit on the size check that can be deposited this way?

Also must one purchase and have professionally installed a special charger?

Clark Howard says there is a good lease deal on this car. But no dealer in the Pittsburgh are has one. Anyone own (or lease) one of these?

Rodc wrote:Most colleges provide low(ish) cost insurance of this sort. I would check with the school.

Best of luck.

Be careful. These used to have low limits (but this might be disallowed under current law now).

For many, a house is a good way to force some savings. Particularly now that refinancing out cash is much harder to do. I agree that 7 years is probably a good rule of thumb in the buy vs rent equation.

I can't imagine that stocks compared to bonds might not just be first class versus steerage on the Titanic. I'm not predicting bad things, but can't imagine that just because stock values are good and bond values bad predicts good things.

Agreed it's good that they are taking a closer look at refunds as too many were fraudulent. That being said, a friendly "ENGLISH" (not IRSese) letter would be nice. "Dear Taxpayer, we received your tax return and the $43,000 that you claimed for refund is probably legit. To protect ag...

Would a large credit toward next year (versus a refund) trigger the same scrutiny? Sometimes I make a large estimated payment in January to also cover the first quarter of the following year via a credit.

I agree that it's too tax-costly to shift gears. But for new money/young investors or if we ever crash again and there are tax lost harvesting opportunities (heaven forbid! ) it might make sense to consider equities in sheltered accounts now.

This may have been posted before but I saw it today online and am sure many Bogleheads will be interested. Bruce Steiner is on this radio show and podocast, discussing Trusts and estate planning. Note, I have never met Bruce Steiner nor the radio show host and have no affiliation with them other tha...

gkaplan wrote:The Talmud

Funny how Bogleheadism is basically the modern version of 1/3 land, 1/3 business and 1/3 reserve.

This article may not be asking the real question on most Boglehead's minds. It is not "should I dump bonds in favor of riskier assets", but "should I hold SAFE investments without interest rate risk instead of intermediate bonds (I-Bonds, bank CD's, cash, etc)." That is a much h...

Here's a suggestion: Open a SECOND account at your regular bank for the rent deposit. Having the tenant deposit is fine, and probably fine even to deposit into your primary account. But if you open a second account, you can set up online banking where you can click the money into your main account a...

Dr Bernstein, your stuff is great, but takes me a while to figure out what you are saying, can you summarize your point about why REITS may be "mispriced"?

My house never was an investment. That kind of thinking leads to trouble. I agree. Owning a house is owning a place to live. If you can keep up with inflation you're doing ok. If you can keep up with inflation, taxes, insurance, and maintenance ..... Actually I think the above equation needs to sub...

Good point about future rising interest rates causing the ability to buy an "$X" dollar house to decrease.

Levett wrote:"No, that's his thing forever."

Not for his insurance company.

Lev

HUH?????????

AJS wrote:My house never was an investment. That kind of thinking leads to trouble.

+1

The subject suggests that Buffett is panning corporate bonds relative to other bonds. The fact is that Buffett is negative on ALL bonds. So the "corporate versus not-corporate" bonds isn't the main issue here.

Well, let's get straight what Buffett said, not that it matters a bit to me. 1. He focused on long-term bonds. 2. He characterized those long-term bonds as a poor investment . Is this surprising? He got no more specific than that with respect to bonds. He's keen on equities. That's his thing right ...

I've lived in the same house for 40+ years. In inflation-adjusted terms (using general CPI), its market value today is essentially identical to the price I paid for it. Yes, that's exactly what it is supposed to do. The 'average' house doesn't appreciate in real return like stocks because it has no...

BTW Buffett has been blasting bonds for at least 4 years.

It IS noise but it isn't. The REAL question in my mind is what will the connection be between stocks and bonds when interest rates rise.

I can't cite the exact thread, but Rick Ferri clearly stated in 2008-9 that it (the crash) was probably the last big opportunity for babyboomers to turbocharge their retirement funds, he turned out to be super right, at least so far. My negative side tells me that this is all a borrowed and printed ...

Let me re-ask this question: what happens when no will is probated and a creditor has a claim?

I will. But would like to get some idea ahead of time what the issues I might be thinking about.

My widowed with no children Aunt is 100 years old and now in a state owned Veteran's nursing home. (Eligible because her husband was a WW2 vet). They let her stay for 80% of her monthly income, but will lien her estate for the balance (in round numbers her deficit is about $7000 per month). The 20% ...

HardKnocker wrote:

Leesbro63 wrote:

HardKnocker wrote:Wall Street is not a zero-sum game.

For every winner there is a loser.

This is not correct.

Oops! I mixed that up.

I meant "Wall Street is a zero sum game."

That's still not correct. "A rising tide lifts all boats" is a better analogy.

HardKnocker wrote:Wall Street is not a zero-sum game.

For every winner there is a loser.

This is not correct.

In a market with near zero interest rates, there might be a place for these flawed and fee laden products anyway. If the alternative is near zero, why not take the flyer? The principal is still guaranteed.

Mr. Bogle's interview was a tour de force that made the Prudential and JP Morgan people look like bumbling hucksters (which I guess they are actually). I hope that one or more people will arise to be have as much gravitas as Jack, as his message carries further into the 21st century. On the other h...

Most who try to benefit from predicting markets fail miserably. Sometimes after long success. This is why it is so important to Stay The Course. Staying course is absolute for some, relative for others. Bogle and others allow moderate changes in asset allocation, such as reducing assets that apprec...

Better get used to it. Interest rate will likely remain low for quite some time. On the plus side, low rates help people who are seeking to buy a home or refinance an existing mortgage. I'm saving thousands of dollars per year because I refinanced in January. The interest savings more than makes up...

This needs to change. It's obvious that banks don't want the perceived liability and this is a sometimes insurmountable hurdle for the little guy. I get it that Vanguard is keeping with their modus operandi of going the extra mile to protect customers and themselves. The voice verification thing app...

Default User BR wrote:In Missouri you can name a transfer on death beneficiary on the title of an auto. No paperwork for the recipient. You might want to look into that for your state. Brian

I'm pretty sure we do not have that here in PA. But the ability to do that makes a lot of sense.

This week I decided to do something at Vanguard that requires a Medallion Signature Guarantee. My local (big regional) bank refused to do it without seeing my Vanguard statement and a copy of my revocable living trust. They would then submit it to their legal dept "and decide" if they can ...

You probate the Will, not the assets. We've had local counsel probate Wills for us in Pennsylvania on several occasions. In each case, it was not difficult, expensive or burdensome. It would have been more work to have created revocable trusts. Ok but the RLTs are already longtime up and running.

Also I remember being advised that titling a car in a Trust sends a potentially "deep pockets" message to potential accident claimants. And might make a cop less sympathetic when deciding how severe to make a citation. Or a judge.

Sometimes I only keep cars for a few years. Sometimes even less. For that reason (frequent paperwork), I/we have not placed them into our Revocable Living Trusts. Frankly I am afraid the Commonwealth of PA will go into a paperwork conniption if I try to title them in Trust names...requiring copies o...

What about the equivalent Egyptian Wellington Fund started the same 84 years ago? Or the Russian Wellington Fund started in 1914?

Sort of like someone I know who was one of 4 speakers at a tech conference. The keynote speaker of the 4 was Bill Gates. My friend quips: "the speakers, including me, had an average net worth of $5 Billion."

littleken wrote:Without going to much into details, i think 2% would generally be pretty safe.

+1. 2% has been considered "bulletproof" by many who study this. Which, interestingly, is about what a balanced portfolio pays in interest and dividends these days.

Great post, but is it any more actionable than some of the recent other "good article posted for Boglehead enjoyment" stuff that's been locked?

I'm a Bhead because I tried everything else! Allocate properly, buy, hold, keep costs and taxes low and hold on is as good as it gets. [Political comment removed by admin LadyGeek]

I found out he was taking about form 8821, that allows the IRS to talk to someone else about your return. Apparently they send you a letter when it happens. I'm not sure how this woud get triggered if someone files a fraudulent return, however.

I think this is different that from even the affluent Boglehead. At that level, you have the advantage of being able to live off just a tiny percentage of your nest egg. And the disadvantage of higher-than-average-Boglehead taxation on any investment income/capital gains. I would contact any Bill Be...