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Re: Probability question

The only reason that the previous two years' "1/12" probability event MIGHT affect the third year is IF there is evidence, once you decide to look into it, etc., that the "1/12" probability wasn't accurate in the first place, or for some reason does in fact change. If he's using ...
by ResearchMed
Fri Aug 29, 2014 3:29 pm
 
Forum: Personal Consumer Issues
Topic: Probability question
Replies: 5
Views: 207

Re: Help out family without compromising my own retirement?

Also, if their circumstances are truly dire, there are public assistance programs available that they might qualify for, depending upon the reasons. "Squandering" wouldn't be one of them, obviously. But if they can't work due to disabilities or something, that would be different. Have you ...
by ResearchMed
Fri Aug 29, 2014 3:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help out family without compromising my own retirement?
Replies: 22
Views: 886

Re: Help out family without compromising my own retirement?

Hi, I am single with a steady job, save diligently for my own retirement, and live below my means. Unfortunately, my parents and siblings are in poor financial shape. My parents did not prepare for the retirement and my siblings have no steady jobs. They are currently living rent free in my condo w...
by ResearchMed
Fri Aug 29, 2014 3:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help out family without compromising my own retirement?
Replies: 22
Views: 886

Re: Do Bogleheads worry about institutional risk?

Concur. My only concern is a catastrophic database failure of an extended duration at Vanguard, for this reason I save a soft copy all our statements on external drives and a hard copy in our investment binder, just in case this black swan. Thanks for reading. Our concern is more along these lines,...
by ResearchMed
Thu Aug 28, 2014 6:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: Do Bogleheads worry about institutional risk?
Replies: 31
Views: 1243

Re: Donald Trump - The Apprentice

Where is the box for "we watched it a bit at first, but no longer"? :wink: As with most TV <junk>, even those that have some interesting and/or novel approach initially... it rapidly deteriorated into forced extra "touches" to [we guess] keep it from getting stale. That seems to ...
by ResearchMed
Thu Aug 28, 2014 1:24 pm
 
Forum: Personal Consumer Issues
Topic: Donald Trump - The Apprentice
Replies: 23
Views: 1271

Re: Purchasing a bathtub

Wife can't decide between the options: Depth: Soaking or standard material: acrylic or cast iron Type: rectangle or oval faucets: wall mount or roman 5 ft or 6 ft Any and all personal experience/ advice welcomed Thanks for the help JB Is space (length or width) a concern? To get "longer",...
by ResearchMed
Thu Aug 28, 2014 11:42 am
 
Forum: Personal Consumer Issues
Topic: Purchasing a bathtub
Replies: 8
Views: 470

Cell phone plan on cruise - direct experience?

We are leaving on a cruise soon to Bermuda, and on CruiseCritic.com, we keep hearing all sorts of conflicting information about the least expensive way (if there is one) to make or receive cell calls on the ship. This is on Norwegian Cruise Line, in case that matters, which it might. DH seems to hav...
by ResearchMed
Wed Aug 27, 2014 9:56 pm
 
Forum: Personal Consumer Issues
Topic: Cell phone plan on cruise - direct experience?
Replies: 5
Views: 423

Re: .com rather than .gov, lesson learned

I'm embarrassed. While working "in a zone" i was applying for and EIN # . With lack of mindfulness i did a quick google search and got sucked into a for-fee .com application site, thinking i was on .gov I was awakened from my stupor when it asked for my credit card, at which time i abando...
by ResearchMed
Wed Aug 27, 2014 1:17 pm
 
Forum: Personal Consumer Issues
Topic: .com rather than .gov, lesson learned
Replies: 18
Views: 2405

Re: Family loan implications

My parents loaned about $66,000 to my brother for a business startup. The loan interest rate was around 3% to be paid back over 10 years. He was paying around $630 per month. After 16 months (and about $10,080 of principal/interest) the business didn't work out and my brother has stopped making the...
by ResearchMed
Wed Aug 27, 2014 1:52 am
 
Forum: Personal Finance (Not Investing)
Topic: Family loan implications
Replies: 12
Views: 601

Re: Husband rear-ended, driver ignoring his insurance

Something is wrong with what you've been told, and most of the above comments reflect that. Additionally, you should be able to get the car repaired right away and probably get a rental car courtesy of the insurer. Even if you don't have that coverage, if someone else is at fault, HIS insurance pick...
by ResearchMed
Tue Aug 26, 2014 6:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Husband rear-ended, driver ignoring his insurance
Replies: 39
Views: 3692

Re: Zegna Suits

I've reached my networth that I am at not by making such purchases but by saving and living lower middle class lifestyle... This is hilarious. The real lower middle class pays $4500 for a car not a suit, but I doubt you're buying a suit worth more than your car. If the OP wanted a real response he ...
by ResearchMed
Mon Aug 25, 2014 8:31 pm
 
Forum: Personal Consumer Issues
Topic: Zegna Suits
Replies: 197
Views: 8525

Re: Schwab Financial Consultant

He might mean something like the Vanguard "concierge", who can help direct calls to the right department, or help facilitate transfers from other financial firms?

RM
by ResearchMed
Mon Aug 25, 2014 3:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: Schwab Financial Consultant
Replies: 10
Views: 912

Re: Zegna Suits

I'm not quite sure why so many here seem to think so many decisions are driven by what "others" would think. Well, by definition if one is asking for feedback on a forum - they must care what others think. Otherwise - they wouldn't ask what others think in their question. There are so man...
by ResearchMed
Mon Aug 25, 2014 3:09 pm
 
Forum: Personal Consumer Issues
Topic: Zegna Suits
Replies: 197
Views: 8525

Re: Zegna Suits

If someone is going to judge me - positively or negatively - based on whether I am wearing a $4.5k suit - not really interested in their opinion to begin with. 99% of the population won't be able to tell the difference between a $4.5k suit and a $1k suit (let alone a $500 suit). If they can tell th...
by ResearchMed
Mon Aug 25, 2014 2:22 pm
 
Forum: Personal Consumer Issues
Topic: Zegna Suits
Replies: 197
Views: 8525

Re: Zegna Suits

If someone is going to judge me - positively or negatively - based on whether I am wearing a $4.5k suit - not really interested in their opinion to begin with. 99% of the population won't be able to tell the difference between a $4.5k suit and a $1k suit (let alone a $500 suit). If they can tell th...
by ResearchMed
Mon Aug 25, 2014 1:20 pm
 
Forum: Personal Consumer Issues
Topic: Zegna Suits
Replies: 197
Views: 8525

Re: Agreement Regarding Vacation Property

A partnership exit strategy my wife employed, and executed. Party A wishing to exit offers $X to buy out party B. Party B has the option to either accept or buy out party A at price $X. Party A proposed this, and so should be ready to execute immediately, but party B should have should have suffici...
by ResearchMed
Mon Aug 25, 2014 1:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Agreement Regarding Vacation Property
Replies: 21
Views: 1466

Re: Zegna Suits

Hi all, I am shopping for outfit for my upcoming wedding. I like ZEGNA line, their suits are very comfortable and made in Italy from good Egyptian or Australian fabrics, The outfit from Zegna would run me about $4500, is this too pricy? I tried on Armani, Boss, Canelli, but these definitely do not ...
by ResearchMed
Mon Aug 25, 2014 9:36 am
 
Forum: Personal Consumer Issues
Topic: Zegna Suits
Replies: 197
Views: 8525

Re: Builder Mortgage Company "Colluding" with another lender

Should I be as concerned about this..? I am building a home with Pulte Homes, they obviously want me to use their mortgage group Pulte Mortgage for the financing. Chase bank recently called me and made me a offer for finance and an extended rate lock. I emailed Pulte mortgage with that offer and as...
by ResearchMed
Mon Aug 25, 2014 9:13 am
 
Forum: Personal Finance (Not Investing)
Topic: Builder Mortgage Company "Colluding" with another lender?
Replies: 2
Views: 390

Re: Agreement Regarding Vacation Property

I was trying to take the potentially increased value out of the discussion in order to focus on other aspects. What we actually intend to do is adjust the Fair Market Value of the property in the LLC annually by mutual agreement. If or some reason we couldn't agree on an adjustment in a given year,...
by ResearchMed
Mon Aug 25, 2014 9:01 am
 
Forum: Personal Finance (Not Investing)
Topic: Agreement Regarding Vacation Property
Replies: 21
Views: 1466

Re: Zegna Suits

Over the past several years, DH has purchased a few "nicer" suits. That means, yes, more expensive. (He's had the luxury of no time pressure, so we just haunt the major sales, and usually find nothing, but every now and then, a winner.) They are also MUCH nicer, in terms of fabric/cut/tail...
by ResearchMed
Sun Aug 24, 2014 4:38 pm
 
Forum: Personal Consumer Issues
Topic: Zegna Suits
Replies: 197
Views: 8525

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

It sounds like you are down to US Trust and Vanguard. Why not try them both for a while and see who is better in terms of knowledge, service, and quality of advice? You could compare the fees also. If US Trust cost more than Vanguard, make the judgment whether or not the extra fees are worth what y...
by ResearchMed
Sun Aug 24, 2014 4:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: I need "Ultra High Net Worth" investing advice please
Replies: 215
Views: 15162

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

Are you referring to a permanent "change of scenery" (moving) or temporary ones, so that several vacations (now, and each year in the future) will fit the bill? Unless you are considering moving to an ultra high cost of living area (Manhattan, SF, London come immediately to mind, but ther...
by ResearchMed
Sun Aug 24, 2014 2:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: I need "Ultra High Net Worth" investing advice please
Replies: 215
Views: 15162

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

Here's a curveball for everyone... The $50m Question. We're located in an income tax state, our kids are extremely young. If we plan to live off this wealth and make it last for generations, does it make sense to move to a No Income Tax state? Where we're at now the cost of living is pretty low to ...
by ResearchMed
Sun Aug 24, 2014 2:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: I need "Ultra High Net Worth" investing advice please
Replies: 215
Views: 15162

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

Here's a curveball for everyone... The $50m Question. We're located in an income tax state, our kids are extremely young. If we plan to live off this wealth and make it last for generations, does it make sense to move to a No Income Tax state? Where we're at now the cost of living is pretty low to ...
by ResearchMed
Sun Aug 24, 2014 2:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: I need "Ultra High Net Worth" investing advice please
Replies: 215
Views: 15162

Re: Zegna Suits

I've reached my networth that I am at not by making such purchases but by saving and living lower middle class lifestyle, however wedding is a special occasion, treating myself to this is OK, however only if it is worth it, am I getting what I am paying for? or is this clothing line overpriced... I...
by ResearchMed
Sun Aug 24, 2014 10:40 am
 
Forum: Personal Consumer Issues
Topic: Zegna Suits
Replies: 197
Views: 8525

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

.....Any real estate will be additional homes in areas we like to travel. About the travel... How much have you traveled thus far, in life (as a child, but especially as an adult)? If building your business was an intense and somewhat long endeavor, then you may not even have given this too much th...
by ResearchMed
Sun Aug 24, 2014 9:45 am
 
Forum: Investing - Help with Personal Investments
Topic: I need "Ultra High Net Worth" investing advice please
Replies: 215
Views: 15162

Re: Tracking Down Pension Info.

I don't know how much time you want to put into this wild goose chase. In addition to the potential for 10 year cliff vesting as mentioned by previous posters, have you thought about the size of the potential benefit? A traditional pension was designed to reward long term employees. So a typical pe...
by ResearchMed
Fri Aug 22, 2014 10:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tracking Down Pension Info.
Replies: 31
Views: 2302

Re: Tracking Down Pension Info.

ubermax, This should be very helpful to OP. The only reason I mentioned my Fidelity experience was because OP seemed to have hit a dead end. And I know that it NEVER would have occurred to me that the money was sitting at some retail-type financial firm, vs some state agency or even some specialized...
by ResearchMed
Fri Aug 22, 2014 3:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tracking Down Pension Info.
Replies: 31
Views: 2302

Re: Quote from a mover: Please comment

Are you planning to pack everything other than furniture? What about fragile items such as china and glassware? If you are packing these, make sure that their insurance (or yours) will cover any breakage. Sometimes the mover must pack these in order to cover breakage (presumably because the owner mi...
by ResearchMed
Fri Aug 22, 2014 11:35 am
 
Forum: Personal Consumer Issues
Topic: Quote from a mover: Please comment
Replies: 46
Views: 3619

Re: Tracking Down Pension Info.

I had a "missing pension" (as mentioned above), and never heard a thing from SS about it. There was a 5 year vesting period, so there were at least 5 annual tax reporting times when it should have been reported to SS if that is required. Now, that might be because I had to take the pensio...
by ResearchMed
Fri Aug 22, 2014 10:57 am
 
Forum: Personal Finance (Not Investing)
Topic: Tracking Down Pension Info.
Replies: 31
Views: 2302

Re: Tracking Down Pension Info.

I don't know what Fidelity has to do with the OP's situation ? and did I miss the answer to the question : why not call Chase Chemical ??????? seems like a pretty obvious thing to do but maybe I'm missing something ???? What Fidelity "has to do" with this, as I explained above, is that is...
by ResearchMed
Fri Aug 22, 2014 7:42 am
 
Forum: Personal Finance (Not Investing)
Topic: Tracking Down Pension Info.
Replies: 31
Views: 2302

Re: Tipping tradespeople

We keep nice cold Gatorade, bottled iced tea or lemonade, or just ice cold water, for any workpeople, especially when the weather is hot (or if they look tired, hot, stressed), and hand it out, insist that they ask if they want more (we assume, however, that they won't ask, so we keep offering for w...
by ResearchMed
Fri Aug 22, 2014 7:38 am
 
Forum: Personal Consumer Issues
Topic: Tipping tradespeople [rain gutter installers]
Replies: 27
Views: 2333

Re: Global entry and Nexus (not the phone)

I have my global entry interview next week. I got a letter telling me to bring a copy of the letter, passport and drivers license to the interview. Is there anything else I need to bring to the interview?Thanks I was almost on the road when I realized I did not have the letter, went back home and p...
by ResearchMed
Thu Aug 21, 2014 3:10 pm
 
Forum: Personal Consumer Issues
Topic: Global entry and Nexus (not the phone)
Replies: 16
Views: 1000

Re: I failed SS login

We also both had to go to the SS office in able to set up an online account. Somehow, SS had us both (!?) categorized as non-citizens, so we had to bring proper birth certificates as well as photo ID's. For some reason, the US passport that we provided as the photo ID would not suffice as proof of c...
by ResearchMed
Thu Aug 21, 2014 2:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: I failed SS login
Replies: 18
Views: 1763

Re: Implementing Two-Factor Authentication for Fidelity Acco

Actually, Vanguard does offer a form of two factor authorization, by allowing the investor to restrict access to accounts only from a specified computer. The downside, of course, would be that one could not access accounts when that device is not readily available but the capacity to prevent others...
by ResearchMed
Thu Aug 21, 2014 1:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Implementing Two-Factor Authentication for Fidelity Accounts
Replies: 48
Views: 11242

Re: Investors Pour Into Vanguard, Eschewing Stock Pickers

Any idea what percentage of the total money invested at Vanguard is in "index" vs. "managed" funds? According to Morningstar , at the end of 2013, about 70% of Vanguard's assets were indexed and about 30% were actively-managed. The suburban Pennsylvania behemoth now manages $2.3...
by ResearchMed
Thu Aug 21, 2014 1:50 pm
 
Forum: Investing - Theory, News & General
Topic: Investors Pour Into Vanguard, Eschewing Stock Pickers
Replies: 70
Views: 6482

Re: Why aren't annuities better than investment drawdowns?

I get the impression from this discussion that there are no deferred annuities where you can cancel at any time before starting to receive payments and get your money back, or your heirs get the money if you die before starting to receive payments. Is that correct? If so, it sounds like a market op...
by ResearchMed
Thu Aug 21, 2014 12:41 pm
 
Forum: Investing - Theory, News & General
Topic: Why aren't annuities better than investment drawdowns?
Replies: 46
Views: 2898

Re: Why aren't annuities better than investment drawdowns?

If one is really worried about longevity, it is hard to argue against paying an additional premium for the inflation rider. The nominal annuity market is much larger than the inflation-indexed one. It is difficult for an investor to calculate the actuarial value of annuities, so he does not know wh...
by ResearchMed
Thu Aug 21, 2014 12:30 pm
 
Forum: Investing - Theory, News & General
Topic: Why aren't annuities better than investment drawdowns?
Replies: 46
Views: 2898

Re: Vanguard Agent Authorization

the only reason it wouldn't be showing is if you didn't check the correct box on the form. If you checked the correct box and the rest of the form was filled out correctly, it will show on your online account. Thank you. Vanguard has acknowledged that forms are correct, and the "system" d...
by ResearchMed
Thu Aug 21, 2014 12:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard Agent Authorization
Replies: 40
Views: 2592

Re: Investors Pour Into Vanguard, Eschewing Stock Pickers

Vanguard does have some actively managed funds. (A couple of the managed equity funds have done quite well, and seem to be continuing nicely.) Any idea what percentage of the total money invested at Vanguard is in "index" vs. "managed" funds? Or whether that percentage has change...
by ResearchMed
Thu Aug 21, 2014 12:17 pm
 
Forum: Investing - Theory, News & General
Topic: Investors Pour Into Vanguard, Eschewing Stock Pickers
Replies: 70
Views: 6482

Re: Tracking Down Pension Info.

Are there perhaps (just a long shot thought) a few "receiver" companies who would hold these "leftover" pension monies, such as from bankrupt companies, etc.? I do not know. That is one of the problems that I'm running into with the lack of available information. I can try makin...
by ResearchMed
Thu Aug 21, 2014 12:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tracking Down Pension Info.
Replies: 31
Views: 2302

Re: Tracking Down Pension Info.

Are there perhaps (just a long shot thought) a few "receiver" companies who would hold these "leftover" pension monies, such as from bankrupt companies, etc.? I ended up "finding" my pension money at Fidelity, as mentioned. Once I had a hint that's where the money might...
by ResearchMed
Thu Aug 21, 2014 11:59 am
 
Forum: Personal Finance (Not Investing)
Topic: Tracking Down Pension Info.
Replies: 31
Views: 2302

Re: Vanguard Agent Authorization

Agent authorization isn't complete or adequate. I cannot view my wife's retirement accounts when I log into my Vanguard account. Similarly 529s can only have a single owner so not viewable from both accounts. Furthermore as others have written my wife has zero interest in managing her own investmen...
by ResearchMed
Thu Aug 21, 2014 11:46 am
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard Agent Authorization
Replies: 40
Views: 2592

Re: Vanguard Agent Authorization

Agent authorization isn't complete or adequate. I cannot view my wife's retirement accounts when I log into my Vanguard account. Similarly 529s can only have a single owner so not viewable from both accounts. Furthermore as others have written my wife has zero interest in managing her own investmen...
by ResearchMed
Thu Aug 21, 2014 10:59 am
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard Agent Authorization
Replies: 40
Views: 2592

Re: Why aren't annuities better than investment drawdowns?

Annuities are not better or worse, they are different. This is a clear case where it makes sense to talk about matching the tool to the job. Annuities have some objective characteristics that can make them less (OR more) suitable for some purposes. a) Insurance companies are required to invest very...
by ResearchMed
Thu Aug 21, 2014 10:49 am
 
Forum: Investing - Theory, News & General
Topic: Why aren't annuities better than investment drawdowns?
Replies: 46
Views: 2898

Re: Jewelry Insurance - Engagement Ring

Adding it to our home owner's insurance would only cover loss or damage at the property. If it slipped off her finger or was lost anywhere else, tough cookies. I went with jm which covers basically anywhere. You do have to have a recent appraisal, but I wanted that done anyway. This isn't accurate ...
by ResearchMed
Wed Aug 20, 2014 9:12 pm
 
Forum: Personal Consumer Issues
Topic: Jewelry Insurance - Engagement Ring
Replies: 17
Views: 1490

Re: Why aren't annuities better than investment drawdowns?

I looked up annuity rates and looks like an annuity from this one company bought at age 65 yields 6.3% on the amount invested every year until the payee dies. The typical safe drawdown rate is 2.5-4%. So it seems like an annuity can generate higher retirement income than drawing down investments. T...
by ResearchMed
Wed Aug 20, 2014 8:38 pm
 
Forum: Investing - Theory, News & General
Topic: Why aren't annuities better than investment drawdowns?
Replies: 46
Views: 2898

Re: Different Strategy For 401k and IRA?

We do not invest in our 403b's and IRA's the same way. We can't touch the big pot of 403b money, as DH is still employed, so no matter the emergency, we could only ever get the amount that he puts in, not what the Employer has contributed over the years. So the IRA money (and Employee-contributed 40...
by ResearchMed
Wed Aug 20, 2014 4:52 pm
 
Forum: Investing - Theory, News & General
Topic: Different Strategy For 401k and IRA?
Replies: 3
Views: 229

Re: Tract Home - Things to Watch During Construction

If you don't anticipate wanting to add any plumbing (no bathroom, half-bath, wetbar, or mini-kitchen), then it should be fine. It was the plumbing that would have been very difficult for us to do "later", once the foundation was in, etc. Electrical would have been much easier later, to run...
by ResearchMed
Wed Aug 20, 2014 3:32 pm
 
Forum: Personal Consumer Issues
Topic: Tract Home - Things to Watch During Construction
Replies: 56
Views: 3162

Re: Tract Home - Things to Watch During Construction

If you are planning to finish that basement, then try to get any wiring and especially plumbing (e.g., for a full or half bathroom, etc.) done during construction. Do you have any idea at all what you might do with the basement? Likewise, if there might need to be another side or back door if the ba...
by ResearchMed
Wed Aug 20, 2014 3:09 pm
 
Forum: Personal Consumer Issues
Topic: Tract Home - Things to Watch During Construction
Replies: 56
Views: 3162
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