Search found 299 matches

Return to advanced search

Re: The Estate lawyer cost us big

Suggest you (1) write a letter requesting a detailed explanation of the fees and charges, stating that you believe they are unreasonable, and (2) indicate that you intend to refer the matter to the state bar disciplinary committee for investigation if the fees are unreasonable.
by Outer Marker
Fri Feb 21, 2014 8:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: The Estate lawyer cost us big
Replies: 109
Views: 9189

Re: Paying back student loans- Am I being too aggressive???

I guess the question I have is now that I have it an LLC (and my wife's name is not on anything related to this house BTW). How much of a liability is it really? If it was negative cash flow or a hassle I wouldn't have a second thought about dumping it, but it's not much of a hassle, rents out inst...
by Outer Marker
Sun Feb 16, 2014 2:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Paying back student loans- Am I being too aggressive???
Replies: 33
Views: 2906

Re: Decisions before 35

Welcome to the forum. 1. Yes, term absolutely. Shop for quote on terms4sale.com. Most likely 20 year term is going to be the best bet in terms of coverage you need and affordability. (longer than 20 years, rates go up as mortality increase in late 50s.) For any substantial amount of insurance, the c...
by Outer Marker
Fri Feb 14, 2014 1:19 am
 
Forum: Personal Finance (Not Investing)
Topic: Decisions before 35
Replies: 10
Views: 2381

Re: Missing tax forms for deceased relative

Will hope for the best . . . last year's refund was direct deposited into this account (post mortem) with the appropriate notes in turbotax.
by Outer Marker
Thu Feb 13, 2014 9:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Missing tax forms for deceased relative
Replies: 12
Views: 719

Re: Missing tax forms for deceased relative

Since a federal refund is expected, don't forget to either (1) file Form 1310 along with the Form 1040, or (2) attach to the 1040 a court certificate showing that you have been appointed personal representative for the estate. Without one of these, the IRS will not issue the refund to you. Yes, agr...
by Outer Marker
Thu Feb 13, 2014 1:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Missing tax forms for deceased relative
Replies: 12
Views: 719

Re: Missing tax forms for deceased relative

get the SS benefits for 2012 from the tax return and multiply by 1.017. Divide total by 6. Answer will be the amount of SS benefits for 2 months in 2013 that will be close enough to the actual number. If its off IRS will enter correct amount and change return. Thanks, everyone, for your thoughts an...
by Outer Marker
Thu Feb 13, 2014 1:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Missing tax forms for deceased relative
Replies: 12
Views: 719

Re: Missing tax forms for deceased relative

Are you sure you have to file? Yes, unfortunately. $10K in RMD from her IRA, and $15K roth conversion last January is going to require filing. And, will be due a refund since too much was withheld given short year. I have ready access to the RMD and conversion info from Vanguard. Its the SSI and st...
by Outer Marker
Thu Feb 13, 2014 12:42 am
 
Forum: Personal Finance (Not Investing)
Topic: Missing tax forms for deceased relative
Replies: 12
Views: 719

Missing tax forms for deceased relative

I'm missing a Social Security 1099 and state retirement 1099 for a relative who passed away last February. I'm the trustee, have handled all of her financial affairs for years, including many years of preparing and filing tax returns. Unless by some miracle I can recover the forms from the post offi...
by Outer Marker
Wed Feb 12, 2014 11:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Missing tax forms for deceased relative
Replies: 12
Views: 719

Re: Need advice on investment and AA if forced into early re

How much equity do you have in your town home? As it is, you should be able to draw aroun $40,000/yr from your 1.2M portfolio. If you can downsize to add that equity to your nest egg to produce more income, and reduce the monthly hoa fees and mtge pmt, you'd potentially have more breathing room. As ...
by Outer Marker
Sun Jan 12, 2014 12:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need advice on investment and AA if forced into early retire
Replies: 11
Views: 877

Re: Possible new car in the cards

This is a tough one. It will be hard to sell a car with significant undiagnosed mechanical problems. And, I'd hate to sink major money into a car of that age. Think I'd start by going back to the dealer you bought it from just six months ago and complain bitterly to see what they might do for you. F...
by Outer Marker
Sun Jan 05, 2014 9:56 am
 
Forum: Personal Consumer Issues
Topic: Possible new car in the cards
Replies: 13
Views: 955

Re: The Funniest Movie Ever

Any of the Peter Sellers Pink Panther films.

Does your dog bite? . . . That is not my dog . . .

http://www.youtube.com/watch?v=SXn2QVipK2o
by Outer Marker
Fri Jan 03, 2014 10:48 pm
 
Forum: Personal Consumer Issues
Topic: The Funniest Movie Ever
Replies: 201
Views: 11408

Re: Ditch my 2002 Subaru Outback or keep it until . . .?

You need to seek out a good, independent, trustworthy mechanic. The costs you are reporting are exorbitantly high and reek of dealer-recommend maintenance (vs. what is really required to keep the car in sound mechanical condition). I pay less to maintain my out-of-warranty bmw. You have many years a...
by Outer Marker
Wed Jan 01, 2014 9:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Ditch my 2002 Subaru Outback or keep it until . . .?
Replies: 26
Views: 1638

Re: Life insurance for 30 year old

No, uninsurable means what it says, it means uninsurable. And it does happen. Happened to me, at age 30 no less. Policy from work is good, but that only lasts as long as employment. There is simply no additional coverage I can purchase. Sorry that happened to you. Please note that I did not say the...
by Outer Marker
Wed Jan 01, 2014 11:02 am
 
Forum: Personal Finance (Not Investing)
Topic: Life insurance for 30 year old
Replies: 27
Views: 1864

Re: Life insurance for 30 year old

Retread wrote:...and what if he becomes uninsurable?
Bruce


Life is full of "what ifs". I wouldn't insure against risks I don't currently have. Being "uninsurable" is highly unlikely; worst case you'd have the work policy and maybe pay a rating for some extra personal coverage.
by Outer Marker
Tue Dec 31, 2013 6:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Life insurance for 30 year old
Replies: 27
Views: 1864

Re: Life insurance for 30 year old

With a $500K work policy and a high-earning spouse, I question whether you need any additional insurance at this time. Do you suspect ill heath or have a family history that concerns you? If not, pocket the savings, and wait to buy the $1M term when you have kids. Cash in the whole life soonest . . .
by Outer Marker
Tue Dec 31, 2013 6:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Life insurance for 30 year old
Replies: 27
Views: 1864

Re: help

I will start maxing 401k and Roth's in January . . . You should max out your Roth contribution NOW for 2013, so you don't lose that important tax-advantaged space. Sincer you roth contributions (but not earnings) can be withdrawn at any time without penalty, you can park some of your 5 month emerge...
by Outer Marker
Tue Dec 17, 2013 11:49 am
 
Forum: Investing - Help with Personal Investments
Topic: help
Replies: 14
Views: 1273

Re: Back from Grand Canyon rafting trip

Thanks for posting this. I think I just found our summer vacation!
by Outer Marker
Sun Dec 15, 2013 10:49 am
 
Forum: Personal Consumer Issues
Topic: Back from Grand Canyon rafting trip
Replies: 33
Views: 4492

Re: Whole Life Help

... Term is great to have to protect your family, but highly unlikely to pay off. In my opinion, which is not shared by most here----you die with a policy in force on your life----you and your family come out ahead. (Of course that means you are dead, but we all die) Buying life insurances is a bet...
by Outer Marker
Fri Dec 13, 2013 8:11 am
 
Forum: Personal Finance (Not Investing)
Topic: Whole Life Help
Replies: 17
Views: 1316

Re: Whole Life Help

20 year term is your friend. You might want to start here to get a feel for rates: http://www.term4sale.com Unless you have extradorinary needs, $3M sounds on the high side. Keep in mind that Social Security survivor benefits provide a generous payment to cover your kids and working spouse. You can ...
by Outer Marker
Thu Dec 12, 2013 8:57 am
 
Forum: Personal Finance (Not Investing)
Topic: Whole Life Help
Replies: 17
Views: 1316

Re: 145k in student loans, 255k in investments, and UNK Futu

If your heart is set on hanging out your own shingle, and you won't be happy until you do it, none of the financial advice on this board is going to change your mind. In small town america, there is considerably less demand for admin law litigators than in the government, no matter how good you are....
by Outer Marker
Tue Dec 10, 2013 10:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Financial decisions to start a business and family (edited)
Replies: 36
Views: 2128

Re: 145k in student loans, 255k in investments, and UNK Futu

I'd go slow on this. How long have you been in your current job? And, are there other Fed legal positions that may be more interesting? Now that you're in the door, its much easier to move around. I've found it takes at least a year to warm up to a job. If you wind up staying and do qualify for loan...
by Outer Marker
Tue Dec 10, 2013 7:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Financial decisions to start a business and family (edited)
Replies: 36
Views: 2128

Re: 145k in student loans, 255k in investments, and UNK Futu

Making 100K as a gov't attorney is not a bad deal at all. You have job security, which is unheard of in private practice. You get responsibility that is years, if not decades, above what you'd have in a private firm. And, if you're thinking about sole practitioner, that is really two jobs (a) practi...
by Outer Marker
Tue Dec 10, 2013 6:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Financial decisions to start a business and family (edited)
Replies: 36
Views: 2128

Re: Asset allocation advice

To answer your questions-- 1. With significantly appreciated RSP holding, it does not make sense to sell and pay the gains on it. Just transfer in kind and hold in your vanguard brokerage account. 2. Yes, sell bonds in taxable accounts and replace with equities; maintain your asset allocation by inc...
by Outer Marker
Mon Dec 09, 2013 3:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: Asset allocation advice
Replies: 5
Views: 684

Re: 31 Year Old Reviewing my portfolio from 2 years ago

You're welcome… 1. While I'm not a markt timer, I can't help but thinking markets are a bit frothy at the movement. If you're significantly off your desired allocation, I'd do it now. There will be less to rebalance if the markets drift down 1000 points by January. 2. Unfortunately there is no tax-f...
by Outer Marker
Sun Dec 08, 2013 11:17 am
 
Forum: Investing - Help with Personal Investments
Topic: 31 Year Old Reviewing my portfolio from 2 years ago
Replies: 13
Views: 2358

Re: 31 Year Old Reviewing my portfolio from 2 years ago

Okay, I'll bite -- 1. If you want a 75/25 portfolio and have 85/15, it is time to rebalance. This difference is not trivial. You should formualte a plan and stick with it. Personally, I consider 25% fixed a bare minimum for a reasonable balanced portolio. One of the other "rules of thumb" ...
by Outer Marker
Sat Dec 07, 2013 9:39 am
 
Forum: Investing - Help with Personal Investments
Topic: 31 Year Old Reviewing my portfolio from 2 years ago
Replies: 13
Views: 2358

Re: Wife Bond Portfolio - PLease Help

All bond funds are at risk of losing principle as interest rates continue to rise. 1. Between you and your wife, you could buy $20,000 worth of Ibonds from the treasury, currently earning 1.38%. from the treasury. No risk of principle and guaranteed to keep pace with inflation. You can't access for ...
by Outer Marker
Fri Dec 06, 2013 8:43 am
 
Forum: Investing - Help with Personal Investments
Topic: Wife Bond Portfolio - PLease Help
Replies: 16
Views: 1219

Re: Finishing a Basement

The purpose of finishing is to have a comfortable place for air hockey, billiards, etc. As others have said, you'll recoup only a small amount of what you spend below grade. Just how much billiards will you really play in your own basement… For what the renovation would cost, you could have a lot o...
by Outer Marker
Wed Dec 04, 2013 10:04 pm
 
Forum: Personal Consumer Issues
Topic: Finishing a Basement
Replies: 30
Views: 2298

Re: Car Buying Question

With the tools availbe on Edmunds.com, you can calculate very accurately what the dealer cost is. Be sure to figure in any manufacture rebates to dealers, as well as the "holdback". Then, once you know their true cost (it is NOT the invoice price), aim to pay 2-3% over that. It is much bet...
by Outer Marker
Wed Dec 04, 2013 9:52 pm
 
Forum: Personal Consumer Issues
Topic: Car Buying Question
Replies: 13
Views: 1065

Re: Pay off student loan with home equity line

Rates aren't quite as good as they were 6 months ago, but you should still be able to get 15 year fixed cash-out mtge with most costs covered by the lender for about 3.5%. I'd either do that or pay it off in full.
by Outer Marker
Mon Dec 02, 2013 8:33 am
 
Forum: Personal Finance (Not Investing)
Topic: Pay off student loan with home equity line
Replies: 14
Views: 1249

Re: Confused about TSA "Pre" status

There once were two ways to get into the TSA pre-check program a) medallion level frequency flyers were screened and enrolled as known travelers. b) by signing up for DHS's "global entry" travelers are screened and vetted, those deemed low risk are eligible for both global entry (allowing ...
by Outer Marker
Sun Dec 01, 2013 10:13 am
 
Forum: Personal Consumer Issues
Topic: Confused about TSA "Pre" status
Replies: 45
Views: 2553

Re: "Slice and Dicers"

I "tilt" rather than slide and dice. Apart from TSM and TISM which are my core equity holdings, I tilt to

- US Small Value
- REIT
- International Small

Fund selection is simple. Just pick the Vanguard fund or ETF with this in the title.
by Outer Marker
Sun Nov 24, 2013 5:21 pm
 
Forum: Investing - Theory, News & General
Topic: "Slice and Dicers"
Replies: 39
Views: 3065

Re: Tax Planning - What to do with large capital loss

dickenjb wrote:If netting a gain against the loss saves you the 15% or 20% LTCG rate, but netting it against ordinary income saves you the 28% or 33% AMT rate, the math is pretty easy. . .


Thanks, Dicken. Excellent point. I should have thought of that. This makes the right choice even more obvious.
by Outer Marker
Sun Nov 24, 2013 3:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: Tax Planning - What to do with large capital loss
Replies: 12
Views: 541

Re: Tax Planning - What to do with large capital loss

Thanks everyone. My situation is similar to livesoft's. Nothing I want to rebalance out of. All my taxable funds fit my plan, and I can rebalance with new contributions and within tax advantaged accts. I will just gradually use against current income and bank the remainder until retirement.
by Outer Marker
Sun Nov 24, 2013 11:10 am
 
Forum: Investing - Help with Personal Investments
Topic: Tax Planning - What to do with large capital loss
Replies: 12
Views: 541

Tax Planning - What to do with large capital loss

Due to the sale of some estate property, my accountant informs me that I'll have a large capital loss -- approx $40,000. Due to the market run-up I'm fortunate to have capital gains in Total Stock Market and other index funds I hold in taxable. Is there any point in harvesting the "gains" ...
by Outer Marker
Sun Nov 24, 2013 9:29 am
 
Forum: Investing - Help with Personal Investments
Topic: Tax Planning - What to do with large capital loss
Replies: 12
Views: 541

Re: Should I sell my car?

I'd keep both cars and find a good, independent mechanic as others have suggested; and shop around for better insurance. Is there something seriously wrong with the 15 year Infinity? I used to bike commute when I lived with good access to bike path, and enjoyed it. But, there are plenty of hot, humi...
by Outer Marker
Sun Nov 24, 2013 9:10 am
 
Forum: Personal Finance (Not Investing)
Topic: Should I sell my car?
Replies: 20
Views: 1509

Re: Preparing to retire checklist

Will you have a full 35 years of good earnings for purposes of calculating your social security annual benefit amount? If you're retiring early, I'd work long enough into the year to max out the 2014 SSI amount, so as to drop off a "zero" or low earning number early in your career.
by Outer Marker
Sat Nov 23, 2013 4:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Preparing to retire checklist
Replies: 89
Views: 7985

Re: Term Life Insurance Basics

For a 33 year old in good health, the difference between a 20 year level term $500K policy ($250/yr) vs. $1M ($450/yr) is only $200. Combined for both spouses, we're talking about $400/year total -- trivial for a couple making $130K. I may be conservative, but would want something in the neighborhoo...
by Outer Marker
Sat Nov 23, 2013 9:42 am
 
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance Basics
Replies: 31
Views: 2030

Re: Term Life Insurance Basics

Would it be possible to construct a ladder similar to the following? In this scenario, we would take out an $800,000 policy for each of us, and then adjust down every 10 years as our needs changed. I took the best costs on Term4Sale for each of us individually, and took their sum for the annual cos...
by Outer Marker
Thu Nov 21, 2013 7:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance Basics
Replies: 31
Views: 2030

Re: Prioritizing debt

As others have said, getting rid of 23% interest debt should be highest order priority. If you've already accrued substantial interest, you try calling the bank and the medical service provider and see if you can negotiate a lower settlement amount.
by Outer Marker
Mon Nov 18, 2013 9:03 am
 
Forum: Personal Finance (Not Investing)
Topic: Prioritizing debt
Replies: 15
Views: 1368

Re: Replacing US Total Market by BRK-B

I think it's a terrible idea. Buffett himself advocates index investing and cautions that berkshires future returns are likely to be lower. If you want to make a side bet on brkb limit it to 10percent or less of your portfolio.
by Outer Marker
Sun Nov 17, 2013 12:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: Replacing US Total Market by BRK-B
Replies: 35
Views: 3164

Re: Considering prepaid college plan

I live in MD and each of my 2 kids has 2 years of the prepaid plan. I think its a very good deal, and lose no sleep of the possibility of MD defaulting. In addition to the long term investment benefits, you get an immediate tax credit off your state income tax -- a nice bonus. Further, MD is one of ...
by Outer Marker
Sat Nov 16, 2013 9:23 am
 
Forum: Personal Finance (Not Investing)
Topic: Considering prepaid college plan
Replies: 6
Views: 706

Re: Just inherited money, would seriously appreciate advice

You have received some very good advice on this thread. First and foremost, slow down. I would absolutely not follow the advice of your acquaintance; both as to fund recommendations, and the need to "hurry up" at the expense of $950 day. You already have the names of two excellent boglehea...
by Outer Marker
Sat Oct 12, 2013 5:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: Just inherited money, would seriously appreciate advice
Replies: 48
Views: 6135

Re: wi fi range, extenders, Powerline, etc

Is your current router located at the center of the house? We were having signal issues with the router in the logical place (upstairs office), but with cable outlets all over the house and a wireless printer up in the office, it was an easy matter to hide the router in a more central location (tape...
by Outer Marker
Sat Oct 12, 2013 4:03 pm
 
Forum: Personal Consumer Issues
Topic: wi fi range, extenders, Powerline, etc
Replies: 64
Views: 3877

Re: Cheapest way to move long distance

A tenant of mine recently vacated and moved across the country. They were a smart, thrifty couple and researched all of the options very thoroughly. By far the cheapest was to box and ship via AmTrack. Bigger stuff like beds, etc. they just craigslisted and replaced with new. Good luck!
by Outer Marker
Sat Oct 12, 2013 9:35 am
 
Forum: Personal Consumer Issues
Topic: Cheapest way to move long distance
Replies: 48
Views: 3322

Re: Late 30s, need help with retirement allocation

My "true" EF is around 20k (linked to checking accounts) and then I have around 120k in the tax free MM and muni funds. I suspect we will dip into the 120 for a car in a few years, and some home stuff. (However we are continually adding to it) I read the article and I think I'm missing so...
by Outer Marker
Mon Oct 07, 2013 3:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: Late 30s, need help with retirement allocation
Replies: 7
Views: 1874

Re: Retirement one year away-allocation help

I like the suggestion above, to purchase a SPIA to cover all of your needs. Invest the reminder in Vanguard Target Retirement Income. https://personal.vanguard.com/us/funds/snapshot?FundId=0308&FundIntExt=INT Alternatively, if you really don't like annuities, $500K in CD's; remainder in Target R...
by Outer Marker
Sun Oct 06, 2013 11:51 am
 
Forum: Investing - Help with Personal Investments
Topic: Retirement one year away-allocation help
Replies: 9
Views: 1168

Re: Late 30s, need help with retirement allocation

In the last few days after posting I read some of the various wiki articles (and plan to get the boglehead books). Thanks to everyone for the help so far. Based on the funds I have listed above I was thinking about the following asset allocation: Vanguard 500 Index Fund Signal VIFSX 0.05 56% Vangua...
by Outer Marker
Sun Oct 06, 2013 11:08 am
 
Forum: Investing - Help with Personal Investments
Topic: Late 30s, need help with retirement allocation
Replies: 7
Views: 1874

Re: Could your spouse manage your portfolio?

I think she could. Was forced to think though a simple "owners manual" to our finances for her not so long ago. Here it is-- We have approximately $X in savings. Assets are located as follows: Joint Taxable account - Vanguard Roth IRAs - Vanguard 401K's - Fidelity I-Bonds at Treasury Direc...
by Outer Marker
Sun Aug 18, 2013 7:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Could your spouse manage your portfolio?
Replies: 62
Views: 3739

Re: Social Security Benefits

Yes -- because social security is based on the average of 35 top earnings years -- and you will have zero's for 10 of them. Social security has some very easy and user friendly calculators to help you figure this out. If you register and login with your social they will have your actual earnings his...
by Outer Marker
Thu Aug 15, 2013 11:33 am
 
Forum: Personal Finance (Not Investing)
Topic: Social Security Benefits
Replies: 4
Views: 555

Re: Mortgage or Not?

Hi all, We are selling our house of 27 years and downsizing. The new home will cost more than our current home ..... Isn't the idea of "downsizing" to reduce costs and free up assets to do other things in retirement? I plan to have a smller, lower cost place -- and do more things I don't ...
by Outer Marker
Wed Aug 14, 2013 9:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Mortgage or Not?
Replies: 11
Views: 1015
Next

Return to advanced search