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Re: LED lightbulbs

About six months ago I replaced the incandescent recessed lights in my kitchen with Cree LED replacements. The replacement I installed wasn't just a bulb; it was the entire box which was replaced. (Apologies that I don't know the terminology well; I'm not handy and had our handyman do it.) I'm not ...
by airahcaz
Wed Aug 27, 2014 11:38 pm
 
Forum: Personal Consumer Issues
Topic: LED lightbulbs
Replies: 189
Views: 14918

Fidlity's over diversification article

[Thread merged, see below. --admin LadyGeek]

Interesting graphic contained within

https://www.fidelity.com/insights/investing-ideas/how-much-diversification-is-too-much
by airahcaz
Thu Aug 21, 2014 9:38 pm
 
Forum: Investing - Theory, News & General
Topic: WSJ: Is Your Portfolio Too Diversified?
Replies: 23
Views: 3304

Re: AAPL

airahcaz wrote:new 52 week high...


New all-time high
by airahcaz
Thu Aug 21, 2014 9:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: AAPL
Replies: 160
Views: 35117

Re: Do Super wealthy have access to different investing vehi

I do think that the fatcats at the top of most corporations have bit income opportunities not available to those of us with more regular jobs or professions. That being said, I'm not convinced that any of the "investments" available to the superrich are better than what's available to any...
by airahcaz
Tue Aug 19, 2014 9:16 pm
 
Forum: Investing - Theory, News & General
Topic: Do Super wealthy have access to different investing vehicles
Replies: 76
Views: 6258

Re: Retirement luxury vehicle

Red CPO Lexus ES350 :D http://atcm.co/S2PVDP/166E6A92 Folks, isn't this 3 years old and close to 40% less than new? This particular example has been wrecked twice. I agree with livesoft, if your negotiating skills are good you can pick up a CPO Lexus, without an accident record, for a decent price....
by airahcaz
Mon Aug 18, 2014 11:12 am
 
Forum: Personal Finance (Not Investing)
Topic: Retirement luxury vehicle
Replies: 62
Views: 4475

Re: Do Super wealthy have access to different investing vehi

If you want long-term options on large stable businesses, your in luck. You can buy any of over 10 TARP warrants on banks and insurance companies with expiration of 4 to over 6 years, available to us as well as the super wealthy. I have a hard time coming up with an investment that is not available...
by airahcaz
Sun Aug 17, 2014 9:37 pm
 
Forum: Investing - Theory, News & General
Topic: Do Super wealthy have access to different investing vehicles
Replies: 76
Views: 6258

Re: Do Super wealthy have access to different investing vehi

One simply wants to have long dates options that expire over decades. Would really like to know how a non mega millionaire gets such a deal. Do you have a strong view that present forecasts of volatility are too low? Otherwise, just buy the longest SPY leaps that are liquid (2-3 years), and roll th...
by airahcaz
Sun Aug 17, 2014 3:31 pm
 
Forum: Investing - Theory, News & General
Topic: Do Super wealthy have access to different investing vehicles
Replies: 76
Views: 6258

Re: Do Super wealthy have access to different investing vehi

Well I, as many folks do, believe the US markets will be higher 20-30 years from now than it is today. Options/LEAPS are limited to less than three years. I love to put on a 20-30 year option without having to have multi-millions to do so. Buying Berkshire is not the same, as clearly there are far ...
by airahcaz
Sun Aug 17, 2014 2:36 pm
 
Forum: Investing - Theory, News & General
Topic: Do Super wealthy have access to different investing vehicles
Replies: 76
Views: 6258

Re: Retirement luxury vehicle

Red CPO Lexus ES350 :D http://atcm.co/S2PVDP/166E6A92 Beauty, eh! :P Folks, isn't this 3 years old and close to 40% less than new? Not necessarily. The 2015s are out, so it's 4 years old even if it's 3 years old. It's 2WD, so new it could have been in the high 30s. It has 40some thousand miles. And...
by airahcaz
Sun Aug 17, 2014 12:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Retirement luxury vehicle
Replies: 62
Views: 4475

Re: Retirement luxury vehicle

Raymond wrote:
airahcaz wrote:
Raymond wrote:Red CPO Lexus ES350 :D


http://atcm.co/S2PVDP/166E6A92


Beauty, eh! :P


Folks, isn't this 3 years old and close to 40% less than new?
by airahcaz
Sun Aug 17, 2014 12:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Retirement luxury vehicle
Replies: 62
Views: 4475

Re: Do Super wealthy have access to different investing vehi

Using Buffett as an example, a lot of what he did could have been done by anyone. There was no special barrier to entry. The same is true of most of the great fortunes made over the past several decades. Gates and Jobs both bootstrapped themselves using their own talent. Of course an individual cou...
by airahcaz
Sun Aug 17, 2014 11:24 am
 
Forum: Investing - Theory, News & General
Topic: Do Super wealthy have access to different investing vehicles
Replies: 76
Views: 6258

Re: Retirement luxury vehicle

While I previously made the case for a brand new ES350, I also agree with the above post. If you're gonna go used, 4-6 years is financially a good way to go while 2-3 years old is not. The thing, however, is that at 4-6 years, especially in the snowbelt, it's really a USED car and no longer a nearl...
by airahcaz
Sun Aug 17, 2014 8:06 am
 
Forum: Personal Finance (Not Investing)
Topic: Retirement luxury vehicle
Replies: 62
Views: 4475

Re: Help with investing for children

Isn't money fungible? Couldn't the OP just break out a chunk of his retirement accounts and mentally consider it for his kids but continue contributing to his own after tax accounts given his retirement accounts are maxed out? Or have separate after tax accounts for the kids, purchasing tax efficie...
by airahcaz
Sun Aug 17, 2014 8:04 am
 
Forum: Investing - Help with Personal Investments
Topic: Help with investing for children
Replies: 25
Views: 1706

Re: Do Super wealthy have access to different investing vehi

Keep rolling your eyes. You're on the right wavelength. There are some investment "opportunities" that require an accredited investor defined under the SEC rules to have a certain minimum net worth, or net income. But those opportunities are restricted not because of a plot to disenfranch...
by airahcaz
Sat Aug 16, 2014 11:19 pm
 
Forum: Investing - Theory, News & General
Topic: Do Super wealthy have access to different investing vehicles
Replies: 76
Views: 6258

Re: Retirement luxury vehicle

My full size car is costing too much in gas each week according to my newly created budget. If I have to replace it before I retire in a few years (at 75??...) the intermediate car will be a compact. The difference in gas consumption is significant with the newer gas efficient cars. When I retire I...
by airahcaz
Sat Aug 16, 2014 11:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: Retirement luxury vehicle
Replies: 62
Views: 4475

Re: Retirement luxury vehicle

I am on my second used lexus ES vehicle. They drive smooth, the interior is nice, maintenance is extremely cheap, and you can buy them for a song compared to German cars. My current one is a 2007 ES 350 which I bought last July with around 70,000 miles on it for $ 14,000. I plan on driving it to at...
by airahcaz
Sat Aug 16, 2014 11:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Retirement luxury vehicle
Replies: 62
Views: 4475

Re: Retirement luxury vehicle

I am on my second used lexus ES vehicle. They drive smooth, the interior is nice, maintenance is extremely cheap, and you can buy them for a song compared to German cars. My current one is a 2007 ES 350 which I bought last July with around 70,000 miles on it for $ 14,000. I plan on driving it to at...
by airahcaz
Sat Aug 16, 2014 8:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: Retirement luxury vehicle
Replies: 62
Views: 4475

Re: Retirement luxury vehicle

It felt like it for the two days. I drove around to all the dealers while my mother told me stories about other "older" ladies who I do not know nor will ever meet. Stories like, this lady I know lives in Chicago and her son has two children. Interesting right? Identical. And then Seinfel...
by airahcaz
Fri Aug 15, 2014 7:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Retirement luxury vehicle
Replies: 62
Views: 4475

Re: Retirement luxury vehicle

I recently helped my 74 yo mother buy a new car. She initially told me she wanted to look at several different luxury SUVs . I drove her all over town for two days and we looked at all the german, asian, and domestic brands. It was a complete waste of time because, unknown to me, she had already de...
by airahcaz
Fri Aug 15, 2014 6:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Retirement luxury vehicle
Replies: 62
Views: 4475

Re: Retirement luxury vehicle

Raymond wrote:Red CPO Lexus ES350 :D



http://atcm.co/S2PVDP/166E6A92
by airahcaz
Wed Aug 13, 2014 6:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Retirement luxury vehicle
Replies: 62
Views: 4475

Re: Retirement luxury vehicle

I was test driving a Mercedes C250's with my daughter last weekend - very nice car, easy to drive, safe, not too big and quick - lease return w/ warranty left are available for low 20's. CLA too new, unproven? I apologize as I'm kinda working off a "stereotypical" retired older lady model...
by airahcaz
Wed Aug 13, 2014 6:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: Retirement luxury vehicle
Replies: 62
Views: 4475

Re: Retirement luxury vehicle

123 wrote:If she's doesn't get out much the only brands that signify luxury to her might be Cadillac and Lincoln. You might be having thoughts like a whippersnapper. You sound like the Pepsi generation.


Pops drove a Benz and so all she knows is Merc, and Lexus cause I own one.
by airahcaz
Wed Aug 13, 2014 6:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Retirement luxury vehicle
Replies: 62
Views: 4475

Re: Retirement luxury vehicle

hicabob wrote:I was test driving a Mercedes C250's with my daughter last weekend - very nice car, easy to drive, safe, not too big and quick - lease return w/ warranty left are available for low 20's.


CLA too new, unproven?
by airahcaz
Wed Aug 13, 2014 5:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Retirement luxury vehicle
Replies: 62
Views: 4475

Re: Retirement luxury vehicle

Get the Merc E over the Lexus. The Merc's interior and much of the tech was superior to the Lexus. The Lexus feels like a Toyota Camry with some wood paneling and leather seats thrown in. The E flows much better. Also, we own an E350, it's been great and worth it, we plan to keep it until the wheel...
by airahcaz
Wed Aug 13, 2014 5:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Retirement luxury vehicle
Replies: 62
Views: 4475

Re: Retirement luxury vehicle

Kinda vague, lots of cars fit your description if you are willing to go used/ CPO. I'd say a used ES350 is as good as anything though. Florida. No awd needed. Yeah kinda vague but that's what folks describe in their 60's - nothing but "and oh, red would be nice" ES in this range come with...
by airahcaz
Wed Aug 13, 2014 5:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Retirement luxury vehicle
Replies: 62
Views: 4475

Retirement luxury vehicle

Parents retired.

Mom would like a luxury vehicle for her remaining years, and of course the only names she will probably accept are Mercedes and Lexus.

Budget less than $30K, probably wants to spend in the $20's for a nice used or CPO. My first instinct is a not too old ES350.
by airahcaz
Wed Aug 13, 2014 5:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Retirement luxury vehicle
Replies: 62
Views: 4475

Re: Roth 401K withdrawal

Was Fidelity addressing the Roth 401k or the Roth IRA? A Roth IRA custodian would not know the cost basis because the cost basis applies to all your Roth IRA accounts and the custodian has no way of knowing how many you may have. But for a 401k, the plan administrator MUST know the cost basis becau...
by airahcaz
Mon Aug 04, 2014 9:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: Roth 401K withdrawal
Replies: 24
Views: 956

Re: Roth 401K withdrawal

Your brain feeling fried? Yes. And thanks Alan. I happen to speak to Fidelity today. They stated that if the source is back door conversion, or rollover of after 401K tax dollars, or rollover from Roth IRA, then each of these have a five year clock starting at the date they enter the Roth IRA. Only...
by airahcaz
Mon Aug 04, 2014 7:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: Roth 401K withdrawal
Replies: 24
Views: 956

Re: Roth 401K withdrawal

livesoft wrote:Let me confuse the issue. Are you older than 59.5 years old? Have these Roth 401(k) things been around longer than 5 years?


No.

Yes.
by airahcaz
Sun Aug 03, 2014 6:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: Roth 401K withdrawal
Replies: 24
Views: 956

Re: Roth 401K withdrawal

Not planing to max after-tax contributions for 2014. Would like to withdraw contributions from prior years though. Where would you like to withdraw them from? -If you are talking about the money that got converted in-service to Roth 401k, I don't think so, but not sure. -If you are talking about th...
by airahcaz
Sun Aug 03, 2014 5:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: Roth 401K withdrawal
Replies: 24
Views: 956

Re: Roth 401K withdrawal

think this poster (even though s/he may not know it) is asking about after-tax contributions, not Roth 401k or Roth IRA or Designated Roth accounts. The 401k plan allow for rollover of the after-tax money but it probably will not allow tax free and penalty withdrawal of that money that was rolled i...
by airahcaz
Sun Aug 03, 2014 5:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: Roth 401K withdrawal
Replies: 24
Views: 956

Re: Roth 401K withdrawal

I don't know, but I doubt you can move that money. Have you considered contributing to an after-tax account and rolling that to Roth IRA? And can that then be withdrawn? The money can always be withdrawn but the question is whether taxes and penalties will apply. Here's a fairmark page on Roth IRA ...
by airahcaz
Sun Aug 03, 2014 4:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: Roth 401K withdrawal
Replies: 24
Views: 956

Re: Roth 401K withdrawal

retiredjg wrote:I don't know, but I doubt you can move that money.

Have you considered contributing to an after-tax account and rolling that to Roth IRA?


And can that then be withdrawn?
by airahcaz
Sun Aug 03, 2014 4:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: Roth 401K withdrawal
Replies: 24
Views: 956

Re: Roth 401K withdrawal

Hopefully Fidelity can answer Monday.
by airahcaz
Sun Aug 03, 2014 4:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: Roth 401K withdrawal
Replies: 24
Views: 956

Re: Inherited accounts

True, but not complete (it is also true if you give less than $2 million away). The amount of the lifetime and annual exclusion are inflation adjusted, so the limit will be higher in the future. Also, you take your annual exclusion before you compute the tax against which you take the credit. For e...
by airahcaz
Sat Aug 02, 2014 8:26 am
 
Forum: Personal Finance (Not Investing)
Topic: Inherited accounts
Replies: 42
Views: 2190

Roth 401K withdrawal

Maxed out pretax traditional 401K to $17,500.

Contributed some funds in an After Tax basis to the 401K, and rolled these into the Roth 401K.

Can I withdraw these rolled over Roth 401K contributions without penalty?
by airahcaz
Fri Aug 01, 2014 10:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: Roth 401K withdrawal
Replies: 24
Views: 956

Re: Inherited accounts

Is the honorable sibling likely to give away or have an estate worth $5,250,000 (inflation adjusted) over his/her lifetime? If not, the person should just fill out the form and move on with life. If yes, then surely you can hire counsel to help you figure out creative ways to transfer money. Set up...
by airahcaz
Fri Aug 01, 2014 3:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Inherited accounts
Replies: 42
Views: 2190

Re: Inherited accounts

Tax on $5,250,000 is $350,000 (made up). The lifetime exclusion is $5,250,000; the credit is $350,000. I think that is what I said. Ok, I think this answers the question. Correct me if I'm wrong, but gift tax is not necessarily paid in the year the gift is given, it is or can be deferred? "Eve...
by airahcaz
Fri Aug 01, 2014 11:42 am
 
Forum: Personal Finance (Not Investing)
Topic: Inherited accounts
Replies: 42
Views: 2190

Re: Inherited accounts

To be equitable I needed to get a little less than $48K to my sister, but I did not want to reduce my estate lifetime exclusion. It must be nice to have an estate so large that one has to worry about such things. :) To be clear we are well under the current limit of $5,340,000. My father died in 20...
by airahcaz
Fri Aug 01, 2014 11:26 am
 
Forum: Personal Finance (Not Investing)
Topic: Inherited accounts
Replies: 42
Views: 2190

Re: Individual Stocks with Perks

Inspired by a comment on another thread, let's discuss which individual stocks have perks that come with ownership of said stock. Example: Berkshire Hathaway shareholders get up to an 8% discount on their Geico insurance. I believe you only need to own a single share. All you need to do is tell Gei...
by airahcaz
Fri Aug 01, 2014 10:27 am
 
Forum: Investing - Theory, News & General
Topic: Individual Stocks with Perks
Replies: 21
Views: 2102

Re: Inherited accounts

Celia--I think you are making this too complicated. The OP's hypothetical is that a decedent has three children, one of whom is the executive of his estate. On one of his accounts one child (the one who is the executor) is listed as the sole beneficiary (presumably under a TOD or POD designation). ...
by airahcaz
Fri Aug 01, 2014 10:22 am
 
Forum: Personal Finance (Not Investing)
Topic: Inherited accounts
Replies: 42
Views: 2190

Re: Inherited accounts

Subject to tax can have several meanings. If I give you $20k, I file a gift tax return. The first thing I do is subtract my $14k annual exclusion. That leaves $6k "subject to tax." I then compute the tax on $6k. I then apply the lifetime credit amount for the year of the gift. Say that am...
by airahcaz
Mon Jul 28, 2014 1:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Inherited accounts
Replies: 42
Views: 2190

Re: Inherited accounts

Right, so given recent responses, if the beneficiary inherits and then distributes, exceeding $14K per year, that is treated as a gift (regardless of lifetime exclusion). Bottom line, that unless the other two siblings are listed as beneficiaries, then the distribution of the whole to the parts will...
by airahcaz
Mon Jul 28, 2014 12:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Inherited accounts
Replies: 42
Views: 2190

Re: Inherited accounts

There is no gift tax cause of the Will? Probably because of the lifetime exemption. How much money are we talking about? Right for most people the only effect would be filling out the IRS forms. I suppose that depends, if the beneficiary now needs to disseminate to the other two siblings, is the gi...
by airahcaz
Mon Jul 28, 2014 11:55 am
 
Forum: Personal Finance (Not Investing)
Topic: Inherited accounts
Replies: 42
Views: 2190

Re: Bank account to teach kids

Unless you are talking about large sums of money, why bother with a bank at that age. Just set up a spread sheet and you can be the bank. This is what I plan to do (when I get around to it...) Being the Bank, I'll also pay the kids higher interest so they can get excited about saving. My credit uni...
by airahcaz
Mon Jul 28, 2014 11:19 am
 
Forum: Personal Finance (Not Investing)
Topic: Bank account to teach kids
Replies: 17
Views: 891

Re: Inherited accounts

Does the sole beneficiary then distribute the funds after receiving the inheritance, and can avoid gift tax, with the Will as evidence? The will only covers things that go through probate and beneficiaries on IRAs etc. do not go through probate so the executor has no legal obligation to share that ...
by airahcaz
Mon Jul 28, 2014 11:10 am
 
Forum: Personal Finance (Not Investing)
Topic: Inherited accounts
Replies: 42
Views: 2190

Re: Bank account to teach kids

if you have a Capital 360 (formerly ING Direct) savings account, you can easily set up Kids' savings acct that are linked to yours (so you can easily fund). But i agree that 5 is pretty early to start - but each child is different. Fair enough - but would want to start with a bank with local branches
by airahcaz
Mon Jul 28, 2014 11:09 am
 
Forum: Personal Finance (Not Investing)
Topic: Bank account to teach kids
Replies: 17
Views: 891

Bank account to teach kids

My children are under the age of 5, but I would like to start teaching them the boglehead way, and how savings works. TB Bank has a UTMA, as do most, as well as the Penny Arcade.

Any other suggestions?

Thanks
by airahcaz
Mon Jul 28, 2014 10:10 am
 
Forum: Personal Finance (Not Investing)
Topic: Bank account to teach kids
Replies: 17
Views: 891

Re: Inherited accounts

This is not for me but basically a hypothetical example/question. A person refuses to share the details of his Will with his three children (ill advised, but let's not debate that here). One of three children is the executor of the Will and is sole beneficiary on the account. However, it is later fo...
by airahcaz
Mon Jul 28, 2014 7:48 am
 
Forum: Personal Finance (Not Investing)
Topic: Inherited accounts
Replies: 42
Views: 2190

Re: Inherited accounts

Can the beneficiary change the beneficiaries if the will stipulates something different? (So that a beneficiary wouldn't have to redistribute funds after receiving the inheritance) This occurs when a parent did not want to disclose or discuss specifics in the Will prior (happens often unfortunately...
by airahcaz
Mon Jul 28, 2014 12:39 am
 
Forum: Personal Finance (Not Investing)
Topic: Inherited accounts
Replies: 42
Views: 2190
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