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Re: Hedge Funds Are Happy to Lose Money for Everyone

Yet you read about stars like David Tepper and wonder if you're missing something.
by Leesbro63
Mon Nov 24, 2014 2:24 pm
 
Forum: Investing - Theory, News & General
Topic: Hedge Funds Are Happy to Lose Money for Everyone
Replies: 5
Views: 729

Re: How do you "un-fund" a revocable trust?

I am not a lawyer. That being said, it sounds to me like you might have an older trust that has language for a Bypass Trust, meant to minimize estate taxes from an earlier era were the amount that can pass tax free was much smaller. But the concept of using a RLT (revocable living trust) to pass ass...
by Leesbro63
Sun Nov 23, 2014 7:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: How do you "un-fund" a revocable trust?
Replies: 10
Views: 1200

Re: How do you "un-fund" a revocable trust?

It's not clear what you mean by "revocable bypass trust". Do you mean "Revocable Living Trust"? Generally, my non-legal understanding is that once a bypass trust gets funded, it's done as part of settling an estate and is not revocable.
by Leesbro63
Sat Nov 22, 2014 5:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: How do you "un-fund" a revocable trust?
Replies: 10
Views: 1200

Re: TurboTax '14 Deluxe (Desktop) Excludes Schedule D

All I wanna know is which Turbotax do I need that includes Sch D and allows me to Efile?
by Leesbro63
Fri Nov 21, 2014 5:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: TurboTax '14 Deluxe (Desktop) Excludes Schedule D
Replies: 87
Views: 9077

Re: Quit Cobra to go on Obamacare?

This is a misunderstanding of the way a plan works. What you needed was a "waiver"; if your insurance company had a signed form saying, "We agree to pay in-network benefits for this procedure", you would be legally protected. No this does not sound right. The issue isn't for the...
by Leesbro63
Fri Nov 21, 2014 10:51 am
 
Forum: Personal Finance (Not Investing)
Topic: Quit Cobra to go on Obamacare?
Replies: 23
Views: 2830

Re: Buying a lasting vehicle

fishmonger wrote:Barring a dramatic drop in quality/reliability, I'm not sure I'll ever buy a vehicle other than Toyota


+1
by Leesbro63
Thu Nov 20, 2014 1:59 pm
 
Forum: Personal Consumer Issues
Topic: Buying a lasting vehicle
Replies: 33
Views: 4207

Re: TurboTax '14 Deluxe (Desktop) Excludes Schedule D

Well, I have better things to do than argue over $10. I'll pay it but if they're gonna "give" top clients something, there shouldn't be fees attached. :annoyed
by Leesbro63
Thu Nov 20, 2014 10:01 am
 
Forum: Personal Finance (Not Investing)
Topic: TurboTax '14 Deluxe (Desktop) Excludes Schedule D
Replies: 87
Views: 9077

Re: TurboTax '14 Deluxe (Desktop) Excludes Schedule D

I always get Turbotax free from Vanguard for being a good customer or whatever they call me. I need schedule D. Will I be able to download whatever Turbotax version that has Sch D from Vanugard for free as usual?
by Leesbro63
Thu Nov 20, 2014 5:48 am
 
Forum: Personal Finance (Not Investing)
Topic: TurboTax '14 Deluxe (Desktop) Excludes Schedule D
Replies: 87
Views: 9077

Re: Buying a lasting vehicle

Not trying to be a pain but why are foreign cars so popular on this forum? :) Just about every suggestion is a foreign car and American cars are very rarely suggested. Have you had bad experiences with American cars and/or found the foreign cars to be more reliable? Or do you base your decisions on...
by Leesbro63
Wed Nov 19, 2014 7:21 pm
 
Forum: Personal Consumer Issues
Topic: Buying a lasting vehicle
Replies: 33
Views: 4207

Re: Quit Cobra to go on Obamacare?

I chose to go private insurance rather than continuing my COBRA coverage. I didn't 'go on Obamacare' as far as I'm concerned, because I get no subsidy, though I did shop it and eventually buy it via my state's health care marketplace site (CoveredCA). The gold-plated company health care which I was...
by Leesbro63
Wed Nov 19, 2014 1:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Quit Cobra to go on Obamacare?
Replies: 23
Views: 2830

Re: Insurance Company Protection

That's also why you can't use insurance as an investment. They have no method to really guarantee results. When they have good actuarial knowledge with fewer assumptions like term life insurance then they can do a good job for both you and them. But in the real world even Bogleheads need to rely, l...
by Leesbro63
Wed Nov 19, 2014 6:07 am
 
Forum: Personal Finance (Not Investing)
Topic: Insurance Company Protection
Replies: 14
Views: 1032

Re: Buying a lasting vehicle

Camry, Corolla or maybe Prius
by Leesbro63
Tue Nov 18, 2014 9:46 am
 
Forum: Personal Consumer Issues
Topic: Buying a lasting vehicle
Replies: 33
Views: 4207

Re: AT&T Upgrades Data Allowance

Basically they are cutting prices/adding more product for the same money. But only for the informed. Many will ignore all this and pay overage charges. Probably a good business model. Competing with the competition but keeping the old price for those not paying attention.
by Leesbro63
Tue Nov 18, 2014 7:58 am
 
Forum: Personal Consumer Issues
Topic: AT&T Upgrades Data Allowance
Replies: 5
Views: 894

AT&T Upgrades Data Allowance

For you fellow AT&T Wireless customers, I just took advantage of AT&T''s "Limited Time Offer to upgrade 10GB family plan to 15GB per month at no extra charge. My guess is that this will become standard, but for now you have to click to take advantage of it and there is the suggestion th...
by Leesbro63
Tue Nov 18, 2014 6:36 am
 
Forum: Personal Consumer Issues
Topic: AT&T Upgrades Data Allowance
Replies: 5
Views: 894

Re: Insurance Company Protection

Don't quite get just what is your complaint? I didn't get the impression that Genworth was in danger of going bellyup; just that they were drastically changing their underwriting models on the sale of these LTC policies. My complaint was really meant to be an actionable question here. Wondering if ...
by Leesbro63
Mon Nov 17, 2014 8:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Insurance Company Protection
Replies: 14
Views: 1032

Re: Insurance Company Protection

Isn't there some sort of consumer protection law regarding this? States can require admitted insurers to belong to "protection associations" (aka "guaranty associations/funds"). The insurers contribute to a fund to "protect" consumers in the event one of the fund membe...
by Leesbro63
Mon Nov 17, 2014 8:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Insurance Company Protection
Replies: 14
Views: 1032

Insurance Company Protection

From another thread I am wondering about this: Insurance companies seem to play "footsie" with groups of policies and even the companies themselves. In the other thread, owners of long term care policies bought from GECAPITAL insurance (or whatever it was called...but was a direct product ...
by Leesbro63
Mon Nov 17, 2014 7:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Insurance Company Protection
Replies: 14
Views: 1032

Re: "The dangers of long-term care insurance"

For people who bought policies years ago before GENWORTH was separate from GE...isn't this a kind of fraud? People bought GE policies with the expectation that the full faith and credit of GE was behind it. Then it got spun off and now something much less strong than GE is behind it. Of course many ...
by Leesbro63
Mon Nov 17, 2014 3:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: "The dangers of long-term care insurance"
Replies: 132
Views: 12929

Re: "The dangers of long-term care insurance"

So, based on what we know, are Genworth annuitants currently at greater-than-usual risk or is the LTC division "lockboxed" from the other Genworth divisions (including annuities)?
by Leesbro63
Mon Nov 17, 2014 2:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: "The dangers of long-term care insurance"
Replies: 132
Views: 12929

Re: Conflicting Free FICO Scores

What FICO score am I seeing on my DISCOVER CARD bill?
by Leesbro63
Sat Nov 15, 2014 6:35 am
 
Forum: Personal Finance (Not Investing)
Topic: Conflicting Free FICO Scores
Replies: 11
Views: 994

Re: David Stockman interview

Stockman equals politics so I'll be careful here. And just say that he's been very wrong a number of times and has sometimes shown an "agenda". He may very well be right that what we are seeing now is a temporary bubble created by the Fed. Or not. Just keep in mind that he's no more of a g...
by Leesbro63
Fri Nov 14, 2014 3:13 pm
 
Forum: Investing - Theory, News & General
Topic: David Stockman interview
Replies: 7
Views: 1009

Re: Father of eight hasn’t saved a penny for college

The whole "who should pay for college" discussion has come up many times here in different forms in different threads. My own feeling is that parents should do what they can. While there ARE some circumstances where kids can "work their way through college", in the real world thi...
by Leesbro63
Fri Nov 14, 2014 2:49 pm
 
Forum: Personal Consumer Issues
Topic: Father of eight hasn’t saved a penny for college
Replies: 47
Views: 2703

Re: More money equates to feeling poor?

When making major purchases I ask myself: Do I really need this and/or do I really love this? It's a good "acid test" of whether to buy it or not.
by Leesbro63
Fri Nov 14, 2014 2:49 am
 
Forum: Personal Finance (Not Investing)
Topic: More money equates to feeling poor?
Replies: 34
Views: 2973

Re: More money equates to feeling poor?

I'm overall a no. I do get uneasy about spending more than I'd planned, but I also am pretty constantly delighted with my ability to buy what I want at the grocery store without worrying about it--and to look at my retirement spreadsheets and know I'll likely be able to do the same after I retire. ...
by Leesbro63
Thu Nov 13, 2014 6:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: More money equates to feeling poor?
Replies: 34
Views: 2973

Re: New vs. Used Honda CRV

AWD in Pittsburgh has been a game changer. We got our first one in 1990 and will never not have one (unless we move south)
by Leesbro63
Thu Nov 13, 2014 4:21 pm
 
Forum: Personal Consumer Issues
Topic: New vs. Used Honda CRV
Replies: 76
Views: 6183

Re: New vs. Used Honda CRV

Update: I've been negotiating with three local dealers on a 2014 CR-V LX AWD. After some back and forth, I received a quote of $22,600 OTD (+sales tax only), and we are scheduled to close the deal on Saturday. Any advice on what to expect at closing? That's great, congrats. Assuming that the price ...
by Leesbro63
Thu Nov 13, 2014 1:22 pm
 
Forum: Personal Consumer Issues
Topic: New vs. Used Honda CRV
Replies: 76
Views: 6183

Re: More money equates to feeling poor?

I think the OP might be talking about VALUE. Saving and investing makes one more aware of value. And once that happens your whole way of looking at potential purchases changes.
by Leesbro63
Thu Nov 13, 2014 1:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: More money equates to feeling poor?
Replies: 34
Views: 2973

Re: Limits on Brokered CD Death Put

What is a "survivor option"?
by Leesbro63
Tue Nov 11, 2014 8:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: Limits on Brokered CD Death Put
Replies: 13
Views: 942

Re: New vs. Used Honda CRV

Unless money is really tight, I'd go for the '15. Agreed you can usually put off ANY car purchase for another year. It's not always about getting the absolute last mile out of your current car. It sounds like you have the itch. So just scratch it already! Buy the NEW car, buy the NEW NEW (2015) car ...
by Leesbro63
Thu Nov 06, 2014 11:29 am
 
Forum: Personal Consumer Issues
Topic: New vs. Used Honda CRV
Replies: 76
Views: 6183

Re: New vs. Used Honda CRV

You should compare the total price of the car versus the web site. The ONLY thing additional should be mandatory state sales tax. Also, know that they updated the vehicle for 2015. It MIGHT make sense to find a 2014 at a better price. I say MIGHT because it also might not. If you do find a 2014, be ...
by Leesbro63
Wed Nov 05, 2014 3:56 pm
 
Forum: Personal Consumer Issues
Topic: New vs. Used Honda CRV
Replies: 76
Views: 6183

Re: New vs. Used Honda CRV

PowDay wrote:
When you can get a brand new full warranty car for roughly $2,500 more, buying used just isn't a deal.


Neither is just $7,000 more for 4 full years newer.
by Leesbro63
Tue Nov 04, 2014 6:53 pm
 
Forum: Personal Consumer Issues
Topic: New vs. Used Honda CRV
Replies: 76
Views: 6183

Re: New vs. Used Honda CRV

It is better to let someone else take that initial depreciation. That, including references to the almost 20 year old MILLIONAIRE NEXT DOOR book, is outdated info. Yes, for many cars this still applies. But for late model Japanese (HON/TOY) cars, the savings of used vs new generally no longer is en...
by Leesbro63
Tue Nov 04, 2014 5:23 pm
 
Forum: Personal Consumer Issues
Topic: New vs. Used Honda CRV
Replies: 76
Views: 6183

Stocks in Argentina

A friend of mine is touring Argentina. He says inflation is 42% (or more...that's an official number). He says real estate holds it's value but he didn't know about stocks. Here is a real world somewhat hyperinflation scenario. How have stocks fared?
by Leesbro63
Tue Nov 04, 2014 5:19 pm
 
Forum: Investing - Theory, News & General
Topic: Stocks in Argentina
Replies: 6
Views: 428

Re: New vs. Used Honda CRV

Yes, I know...I suffer from paralysis from analysis. I just want to make sure we get the best deal possible on this. I am surprised at so many advocates to buy new vs. used. I can't seem to get past the $7,000 price difference up front between the 2011 and 2015. You are talking about 4 model years....
by Leesbro63
Tue Nov 04, 2014 4:36 pm
 
Forum: Personal Consumer Issues
Topic: New vs. Used Honda CRV
Replies: 76
Views: 6183

Re: Christine Benz Interviews Bill Bernstein

Good point about most having nothing. What's changed is life expectancies. Life expectancy in 1936 when Roosevelt signed Soc Sec into law was 62. Now it's almost 20 years longer. We Bogleheads will be the most prepared for the retirement crisis...I just hope we're not penalized too badly for the rest.
by Leesbro63
Tue Nov 04, 2014 3:59 pm
 
Forum: Investing - Theory, News & General
Topic: Christine Benz Interviews Bill Bernstein
Replies: 33
Views: 3855

Re: Payable on Death CD to Charity

Thanks all. You confirmed how this could work.
by Leesbro63
Tue Nov 04, 2014 6:44 am
 
Forum: Personal Finance (Not Investing)
Topic: Payable on Death CD to Charity
Replies: 3
Views: 470

Re: Bank of America/Merrill Edge - Preferred Rewards

I recently took advantage of this promotion and am waiting for the 90 days period to get my $500 bonus for $100k in assets. I have my investment in iShares S&P 1500 Index Fund for automatic dividend reinvestment but was wondering about the fee you discussed above that I had not initially notice...
by Leesbro63
Mon Nov 03, 2014 5:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Bank of America/Merrill Edge - Preferred Rewards
Replies: 33
Views: 2004

Payable on Death CD to Charity

I have a small CD at Ally Bank online. There is a place to create a beneficiary and make it a "POD" (Payable On Death) account. I might want to leave this to a local charity. It appears that the general setup is for an individual to be the beneficiary. All that's required is the individual...
by Leesbro63
Mon Nov 03, 2014 3:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Payable on Death CD to Charity
Replies: 3
Views: 470

Re: Bank of America/Merrill Edge - Preferred Rewards

This brokerage bonus ($1000 for $200,000 cash or securities deposited/transferred to a new account) looks good. I am wondering how this stacks up to other current bonuses? I am going to GOOGLE it, but am wondering if anyone here follows this and how this compares?
by Leesbro63
Mon Nov 03, 2014 9:57 am
 
Forum: Personal Finance (Not Investing)
Topic: Bank of America/Merrill Edge - Preferred Rewards
Replies: 33
Views: 2004

Re: Track your car's fuel use (mileage)

One thing that I do, after a new car is broken in, is to drive about 100 miles on a straight interstate highway when there is low traffic, at a constant 55 MPH, and track the mileage during that stretch. Just short of "hypermiling". This gives me a good baseline of what my vehicle is capab...
by Leesbro63
Mon Nov 03, 2014 6:15 am
 
Forum: Personal Consumer Issues
Topic: Track your car's fuel use (mileage)
Replies: 31
Views: 1954

Re: Bogleheads.org equivalents for other areas of life?

chrysogonus wrote:
Leesbro63 wrote:Fairmark has great forums for tax info.

http://fairmark.com/forum/index.php


My inner tax geek thanks you for that link. It looks like there's lots of good information about some fairly technical topics.


My pleasure!
by Leesbro63
Thu Oct 30, 2014 7:42 am
 
Forum: Personal Consumer Issues
Topic: Bogleheads.org equivalents for other areas of life?
Replies: 70
Views: 7601

Vanguard Variable Annuity Costs

In the current Paul Merriman thread, there was some discussion of his "scheme" (that I am doing) to fund a grandchild's retirement with a variable annuity. I took at look at my Vanguard Variable Annuity accounts and am wondering why the costs of the sub accounts are so much higher than sim...
by Leesbro63
Wed Oct 29, 2014 1:30 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard Variable Annuity Costs
Replies: 10
Views: 877

Re: Medicare Part D

For traditional Medicare, do you buy Part D from Medicare directly (Uncle Sam) or must you buy it from an outside insurer. I seem to think Highmark BC/BS here shows it as something you buy outside...not just like "enrolling" in Part B directly from Uncle.
by Leesbro63
Tue Oct 28, 2014 3:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Medicare Part D
Replies: 22
Views: 1212

Re: Medicare Supplement for SSDI

Could you explain what's wrong with AARP-UNC again? Another friend (age 77) has had it for 12 years and loves it. He snowbirds Pittsburgh to Florida and says it works well in both places. I just today looked at this for my SSDI friend (age 57) and his rate would be about $170 per month for Plan F. I...
by Leesbro63
Tue Oct 28, 2014 2:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Medicare Supplement for SSDI
Replies: 20
Views: 1101

Re: Paul Merriman criticism?

MORE FROM THE PRIOR POST JUST ABOVE: In hindsight. it MIGHT have made more sense to skip the annuity and to put the money directly into Total Stock Market and/or Total International, file the tax returns annually (which I do not have to do with the sheltered annuity), and pay a little tax each year ...
by Leesbro63
Tue Oct 28, 2014 2:44 pm
 
Forum: Investing - Theory, News & General
Topic: Paul Merriman criticism?
Replies: 59
Views: 4508

Re: Paul Merriman criticism?

A different subject than the current discussion but directly related to Paul Merriman. In 1994, just as our second child was born, I came across this article. Then I helped my parents do this (see link) for both of my children (the older was 4 and we funded her more as if we started in 1990). Money ...
by Leesbro63
Tue Oct 28, 2014 2:40 pm
 
Forum: Investing - Theory, News & General
Topic: Paul Merriman criticism?
Replies: 59
Views: 4508

Medicare Part D

OK, since my other 2 Medicare threads have been popular (and others want to know the same things I've asked), here is another. Can someone explain Part D to me? And how it works with Traditional Medicare and/or Medicare Advantage? Thanks!
by Leesbro63
Tue Oct 28, 2014 1:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Medicare Part D
Replies: 22
Views: 1212

Re: Prudent Investment Portfolio for 58-year Old w/20M Net W

I would point your friend to this website and/or to Vanguard or maybe to Rick Ferri and not give any specific advice. Even if he can't legally sue you, he can make a mistake, misinterpret you or even get it all right and have (what he views)) bad results (such as a '73-'74 bear market where stocks A...
by Leesbro63
Tue Oct 28, 2014 1:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: Prudent Investment Portfolio for 58-year Old w/20M Net Worth
Replies: 39
Views: 4803

Re: “Risk and Return Within the Stock Market: What Works Bes

Is one 41 year period enough to draw conclusions from?
by Leesbro63
Tue Oct 28, 2014 8:59 am
 
Forum: Investing - Theory, News & General
Topic: “Risk and Return Within the Stock Market: What Works Best?”
Replies: 30
Views: 3984
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