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Re: My financial advisor doubt

2) Regarding DFA funds having to be sold if you terminate your relationship- that isn't accurate. I did this a few years ago, and basically all my positions I had at advisor termination stayed in place. Not sure who your custodian is, but perhaps call them to freeze your account from your advisor, ...
by bill1958
Mon Apr 14, 2014 10:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: My financial advisor doubt
Replies: 28
Views: 3126

Re: My financial advisor doubt

A few points about your original post: 1) Regarding your wife not having any interest in financial affairs, and your concern if you pass on suddenly for some reason is a valid concern. I agree that you shouldn't pay 20K a year in AUM for that possibility. I would find a fee only (hourly) advisor (Ga...
by bill1958
Mon Apr 14, 2014 8:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: My financial advisor doubt
Replies: 28
Views: 3126

Re: Putting money aside for kids

Depends on what you want their money to be for. If college, I'd say 529 is best vehicle. If it is funds you want to gift them at a certain age, I'd say a target fund in your name is appropriate. I did something similar with my kids, and transferred the funds to Roth IRAs in their name as they had ea...
by bill1958
Wed Apr 02, 2014 6:30 am
 
Forum: Investing - Help with Personal Investments
Topic: Putting money aside for kids
Replies: 2
Views: 513

Re: Redrawn flood zone map puts portion of property in FZ

I used to work for one of the large mortgage companies. If I recall, is only a portion of the land, but not the structure is in the flood zone, you may not have to get flood insurance. I would make sure to work with senior person in the insurance area at the mortgage company to make sure they unders...
by bill1958
Sun Mar 30, 2014 8:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Redrawn flood zone map puts portion of property in FZ
Replies: 22
Views: 1007

Re: Do you have hardwood or tile in your kitchen?

a couple of thoughts... 1) if you like hardwood you would be surprised at how well hardwood holds up over time - I had hardwood in my kitchen for 10 years and it looked great - even after spills and dropping things on it, and kids, and dogs! 2) laminate flooring is awesome - I have used this twice,...
by bill1958
Sun Mar 30, 2014 6:00 am
 
Forum: Personal Consumer Issues
Topic: Do you have hardwood or tile in your kitchen?
Replies: 57
Views: 3084

Re: Lowes Install Services- anyone use them for a new bathro

Based on some of the opinions here, I do plan to get some additional bids-trying to get a few from contractors from less affluent areas that aren't too far away. I may try Angie's list- am curious to see anyone has used this service as the basis of choosing a contractor. I did skim Homeadvisor (a fr...
by bill1958
Sat Mar 29, 2014 2:42 pm
 
Forum: Personal Consumer Issues
Topic: Lowes Install Services- anyone use them for a new bathroom?
Replies: 22
Views: 1772

Re: Lowes Install Services- anyone use them for a new bathro

derosa wrote:40 sf?

that is an 8' by 5' room. And you have a vanity, toilet and shower unit in there?


Yes, this is the more or less the size. Everything fits just so, which is why I said previously there would be no walls or plumbing being moved.
by bill1958
Fri Mar 28, 2014 8:04 pm
 
Forum: Personal Consumer Issues
Topic: Lowes Install Services- anyone use them for a new bathroom?
Replies: 22
Views: 1772

Re: Lowes Install Services- anyone use them for a new bathro

I can attest to non-local contractors working for significantly less than locals in an affluent area. I live near the start of the Boston Marathon and most contractors expect any work to involve 6 figures. We needed some interior work done and a neighbor was using a contractor to reroof and was hap...
by bill1958
Fri Mar 28, 2014 4:46 pm
 
Forum: Personal Consumer Issues
Topic: Lowes Install Services- anyone use them for a new bathroom?
Replies: 22
Views: 1772

Re: Lowes Install Services- anyone use them for a new bathro

With this bathroom remodel, we had gotten 3 bids about 6 months ago- all were about 50-100% over our planned budget of about $10,000 (and we thought we could get the project done for $2,000 less than this!). Entire bathroom area is only 42 square feet. $20K for 42sqft? Yes. As mentioned previous, I...
by bill1958
Fri Mar 28, 2014 4:41 pm
 
Forum: Personal Consumer Issues
Topic: Lowes Install Services- anyone use them for a new bathroom?
Replies: 22
Views: 1772

Re: Lowes Install Services- anyone use them for a new bathro

Thanks everyone for the variety of comments so far regarding this project. My sense is that using Lowe's for one task installs (doors, windows, countertops, etc) is a bit less risky from a quality standpoint than a multi-faceted job like a bathroom remodel. We did use Lowe's to replace our interior ...
by bill1958
Fri Mar 28, 2014 9:53 am
 
Forum: Personal Consumer Issues
Topic: Lowes Install Services- anyone use them for a new bathroom?
Replies: 22
Views: 1772

Lowes Install Services- anyone use them for a new bathroom?

I'm in the process of bidding out the remodeling of one of our bathrooms in our home. Most likely will be a total gut job down to the studs, but may reuse the toilet and vanity which are in good shape (only 10 years old), but replace everything else, and suit our taste from a style standpoint. Our h...
by bill1958
Thu Mar 27, 2014 7:31 pm
 
Forum: Personal Consumer Issues
Topic: Lowes Install Services- anyone use them for a new bathroom?
Replies: 22
Views: 1772

Re: Motley Fool Interview

Taylor, I'm glad this thread was bumped as I missed it the first time around. Greatly enjoyed your interview, and hearing more about your life experiences. You're a very humble man, but it should be said, while Jack Bogle gave us the index fund, you've given the investment community an immense amoun...
by bill1958
Thu Mar 27, 2014 6:13 pm
 
Forum: Investing - Theory, News & General
Topic: Motley Fool Interview
Replies: 72
Views: 18509

Re: LED lights currently worth it personal financewise?

Just replaced 2 halogens that run 6 hours a day- payback is about 2 years. At this point, not worth replacing CFls unless getting huge rebate on the bulbs.

Other side benefit to replacing the halogens with the LEDs is that they throw off much less heat, which reduces the AC bill in summer.
by bill1958
Sat Mar 15, 2014 9:16 am
 
Forum: Personal Consumer Issues
Topic: LED lights currently worth it personal financewise?
Replies: 55
Views: 2480

Re: Amazon 10% Fed refund bonus with TurboTax

Thanks Bill…if you don't mind a follow up question, can I ask how long the IRS took to send your refund? I filed online about a week ago. I have my state refund already, but the feds are still mum (not unexpected). thanks! I filed online as you did. I took about 10 days to get the IRS refund, and a...
by bill1958
Mon Mar 10, 2014 11:19 am
 
Forum: Personal Finance (Not Investing)
Topic: Amazon 10% Fed refund bonus with TurboTax
Replies: 30
Views: 5207

Re: House going to auction. Should I make offer?

I believe the OP mentioned the home was listed on foreclosure.com which would seem to indicate a bank initiated auction.
by bill1958
Sun Mar 09, 2014 8:33 am
 
Forum: Personal Finance (Not Investing)
Topic: House going to auction. Should I make offer?
Replies: 25
Views: 1688

Re: Amazon 10% Fed refund bonus with TurboTax

I just filed my taxes using TurboTax online and received the same offer and elected to have $300 of my refund go towards the Amazon offer. I also elected the refund via direct deposit option. Will these Amazon cards just show up in the regular mail to my home address? (I forgot to view the delivery...
by bill1958
Sun Mar 09, 2014 7:26 am
 
Forum: Personal Finance (Not Investing)
Topic: Amazon 10% Fed refund bonus with TurboTax
Replies: 30
Views: 5207

Re: House going to auction. Should I make offer?

Btenny: thanks for the thoughtful comments. My biggest worry re the price is that I own another house, that I will need to sell. My realtor assures me that my house will sell by the end of the summer. He is confident, but, houses here take a long time to sell. So, I could end up selling this house ...
by bill1958
Sun Mar 09, 2014 7:17 am
 
Forum: Personal Finance (Not Investing)
Topic: House going to auction. Should I make offer?
Replies: 25
Views: 1688

Re: House going to auction. Should I make offer?

Generally I would say let the bank take it back, then negotiate the price with them. If you buy at auction, you take the house as is. Who knows what the current owners have done to the property, now that they are being kicked out of the home. I've seen some real messes left by prior owners. Usually...
by bill1958
Sun Mar 09, 2014 6:56 am
 
Forum: Personal Finance (Not Investing)
Topic: House going to auction. Should I make offer?
Replies: 25
Views: 1688

Re: House going to auction. Should I make offer?

Generally I would say let the bank take it back, then negotiate the price with them. If you buy at auction, you take the house as is. Who knows what the current owners have done to the property, now that they are being kicked out of the home. I've seen some real messes left by prior owners. Usually ...
by bill1958
Sat Mar 08, 2014 8:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: House going to auction. Should I make offer?
Replies: 25
Views: 1688

Re: File FAFSA with 7 figure non-retirement portfolio?

As others have said, it may be required for merit based aid (at least for freshman year). Also, it will be required to obtain any Stafford loans you plan to utilize. I wouldn't spend a lot of time finding out whether or not it's needed. It doesn't take long to complete. Probably worthwhile to do at ...
by bill1958
Sat Mar 08, 2014 2:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: File FAFSA with 7 figure non-retirement portfolio?
Replies: 22
Views: 1776

Re: Trip through New England

Thanks for the replies everyone. The Freedom Trail and Faneuil Market are on our list of possibilities. We also considered an evening dinner cruise off the harbor. Is there one you would recommend? This is the one I mentioned behind the Boston Harbor Hotel: http://www.odysseycruises.com/Boston/home...
by bill1958
Wed Mar 05, 2014 6:11 pm
 
Forum: Personal Consumer Issues
Topic: Trip through New England
Replies: 39
Views: 1418

Re: Trip through New England

The Wizard wrote:That's a good time to hit Cape Cod for a couple days as well, especially mid-week...


June is my favorite time of year on Cape Cod, but given the short time period and the route you've planned, it may be a bit off track to divert there unless you're changing plans.
by bill1958
Wed Mar 05, 2014 5:57 pm
 
Forum: Personal Consumer Issues
Topic: Trip through New England
Replies: 39
Views: 1418

Re: Trip through New England

Sounds like a lot of ground being covered in 1 week. For Boston, if limited on time, perhaps do the Duck tour, or a Freedom Trail tour (they are touristy, but IMO well done). I would stay either at a hotel on the waterfront (along the new greenway), or if want to get some shopping in, stay in the Co...
by bill1958
Wed Mar 05, 2014 5:55 pm
 
Forum: Personal Consumer Issues
Topic: Trip through New England
Replies: 39
Views: 1418

Re: How much is a fair hourly fee?

Rick, if you're asking in consideration of possibly offering planning advice in conjunction with the low cost investment services you offer, I would think $250/hour may be on the upper limit of a fair hourly charge. As a standalone fee with no ongoing charge for AUM, this rate could be reasonable. A...
by bill1958
Mon Mar 03, 2014 8:33 am
 
Forum: Investing - Theory, News & General
Topic: How much is a fair hourly fee?
Replies: 86
Views: 4835

Re: Paying for a Referral/Connection -- Business Start-up

Have you reconsidered starting this business? You're going to have to weigh having a future relationship with your sister and BIL, vs. starting a new business. I don't see how this can work out otherwise, short of giving your BIL what he wants. I know it stinks, but this was the track you were on on...
by bill1958
Sat Mar 01, 2014 6:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Paying for a Referral/Connection -- Business Start-up
Replies: 14
Views: 748

Re: Filling in a backyard pool/input wanted on cost-benefit

Thanks for sharing your story, and memories, and sorry about your recent loss. My story is similar to yours- bought our home 26 years ago, didn't want a pool, ended up loving the house/neighborhood, which came with an older inground vinyl lner pool. Our story may be a bit different, in that we've mo...
by bill1958
Thu Feb 27, 2014 11:06 am
 
Forum: Personal Finance (Not Investing)
Topic: Filling in a backyard pool/input wanted on cost-benefit
Replies: 22
Views: 1533

Re: Be careful with Turbotax [Importing data from Vanguard]

I imported from 6 different sources ths year, including Vanguard. Doubled checked all entries, and all s n order. Filing was much easier with the imports, I used to be in the fill in blanks myself camp, but am now converted to importing with TT.
by bill1958
Wed Feb 26, 2014 7:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Be careful with Turbotax [Importing data from Vanguard]
Replies: 20
Views: 2600

Re: Where to buy polo shirts?

Have had god luck wth Eddie Bauer.
by bill1958
Wed Feb 26, 2014 7:02 pm
 
Forum: Personal Consumer Issues
Topic: Where to buy polo shirts?
Replies: 54
Views: 4089

Re: Fee Only Planner for Parents in Boston Area

Edelman's headquarters are in VA, but has 2 offices in MA- Burlington, and Needham. Agree that generally his advice is good, though his fees from what I've read are on the high side. If your parents are like mine, they probably prefer to be able to meet the advisor face to face, which isn't an optio...
by bill1958
Mon Feb 24, 2014 10:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: Fee Only Planner for Parents in Boston Area
Replies: 14
Views: 778

Re: Where do you invest your child's savings?

I believe the child must also be 18 years old to open an IRA. This statement is false. A parent can open a custodial IRA for a minor. I would follow IRS guidelines on funding it, which I believe contributions cannot exceed the lessor of the amount of earned income a child may have, or the $5,500 ma...
by bill1958
Mon Feb 24, 2014 9:34 am
 
Forum: Investing - Help with Personal Investments
Topic: Where do you invest your child's savings?
Replies: 30
Views: 1438

Re: Warning about P2P Lending [Peer-to-Peer]

cb474, I think your analysis is spot on. I think the typical P2P investor is blinded by the returns they get despite the note risks, but ignore the potential bankruptcy risk of the P2P company. IMO, the average P2P lender doesn't understand that they do not have any ownership in the underlying notes...
by bill1958
Mon Feb 24, 2014 7:01 am
 
Forum: Investing - Theory, News & General
Topic: Warning about P2P Lending [Peer-to-Peer]
Replies: 42
Views: 4761

Re: Where do you invest your child's savings?

I bought a mid cap mutual fund when the children were very young, and paid matching amounts for all funds saved thru high school. I found this encouraged my children to become savers, rather than totally spend any cash gifts/earnings during their grade school years. During their college years, my ch...
by bill1958
Sun Feb 23, 2014 11:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: Where do you invest your child's savings?
Replies: 30
Views: 1438

Re: Warning about P2P Lending [Peer-to-Peer]

Hi All, About two years ago I was one of the big proponents on this board for P2P lending through LendingClub and Prosper. I just want to post a caution that I've changed my tune 180 degrees. Starting about eight or nine months ago, I noticed the monthly interest collected was rapidly dwindling to ...
by bill1958
Thu Feb 20, 2014 7:26 pm
 
Forum: Investing - Theory, News & General
Topic: Warning about P2P Lending [Peer-to-Peer]
Replies: 42
Views: 4761

Re: Downsizing: Single home to a condo

Thanks, a twin house is possible too. I even have thoughts of going back to renting, but not sure if thats the best idea. Just some caution with this property type. They aren't always easily financed, and may only be able to be financed by a local bank that will hold and service the loan in their p...
by bill1958
Thu Feb 20, 2014 8:11 am
 
Forum: Personal Consumer Issues
Topic: Downsizing: Single home to a condo
Replies: 20
Views: 1426

Re: Downsizing: Single home to a condo

My advice is to hang in there. Your home is modest in size, and it sounds like you've corrected many of the major issues with the home already, unless there are other issues you haven't mentioned. It's not uncommon to discover hidden repairs when buying a used home, and homeownership usually means s...
by bill1958
Thu Feb 20, 2014 7:58 am
 
Forum: Personal Consumer Issues
Topic: Downsizing: Single home to a condo
Replies: 20
Views: 1426

Re: Warning about P2P Lending [Peer-to-Peer]

I've had mainly positive experience with LC the past 4 years, with average returns of 10.50% on an aged portfolio. However I'm no longer adding new money due to the potential loss of investment should LC fail. Their recent prospectus states that investors can expect to lose their investment in the e...
by bill1958
Thu Feb 20, 2014 7:37 am
 
Forum: Investing - Theory, News & General
Topic: Warning about P2P Lending [Peer-to-Peer]
Replies: 42
Views: 4761

Re: Nice couches are pricey, where I can get them for less?

Head to a couple nice furniture stores to get an idea of which are the quality brands. Then start searching for stores on the Internet. It's quite possible you might find something less expensive (including shipping) than if you bought locally. +1. The nicest pieces in my house, Hancock and Moore c...
by bill1958
Mon Feb 17, 2014 9:44 am
 
Forum: Personal Consumer Issues
Topic: Nice couches are pricey, where I can get them for less?
Replies: 43
Views: 3099

Re: taxes done and…why is my spouse working?

You might re-check eligibility for the 401k. My wife also went back to work part time when our youngest child started grade school. She was told no benefits for the job, but upon double checking, she found out part time employees could contribute to the 401k plan with no match. We elected to contrib...
by bill1958
Sat Feb 15, 2014 6:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: taxes done and…why is my spouse working?
Replies: 90
Views: 8912

Re: Two Behaviors That Hurt Stock Investors

Whoa whoa whoa... ---> 3. Disposition effect: selling of winners and holding of losers. <--- How is that different from "rebalancing?" (I know: rebalancing involves buying more of the losers, not just holding them). Isn't "selling of winners" at least half of "buy low, sell...
by bill1958
Fri Feb 14, 2014 7:13 am
 
Forum: Investing - Theory, News & General
Topic: Two Behaviors That Hurt Stock Investors
Replies: 15
Views: 2582

Re: college related advice for 11th grader

I know NU fairly well, Bill. I used to walk by there when I would do my occasional walk from the Brigham and Women's hospital to Copley square, for fun. Also, when I would walk to the Museum of Art. I love Boston and I think it would be a great urban experience for him. The SATs are in one month!.....
by bill1958
Wed Feb 12, 2014 10:11 pm
 
Forum: Personal Consumer Issues
Topic: college related advice for 11th grader
Replies: 105
Views: 5458

Re: college related advice for 11th grader

I know you mentioned that money was no object for undergraduate schooling. I would only add that if you were only footing the bill for a undergraduate degree, to perhaps set an overall pool of funds for his education. He may get a generous scholarship from a great school (which may not be his top c...
by bill1958
Wed Feb 12, 2014 9:15 pm
 
Forum: Personal Consumer Issues
Topic: college related advice for 11th grader
Replies: 105
Views: 5458

Re: college related advice for 11th grader

I had a few questions I was hoping savvy Bogleheads might have answers to. My son is in the intense junior year of high school and I am trying to help maneuver an optimum pathway for the next two years by gathering information. Some are minor curiosity questions and others are important how to do i...
by bill1958
Wed Feb 12, 2014 8:37 am
 
Forum: Personal Consumer Issues
Topic: college related advice for 11th grader
Replies: 105
Views: 5458

Re: Schwab or Vanguard

I have a Schwab client since 2006. I use an independent financial advisor who charges .75% assets under management. I selected current financial advisor because he is a DFA funds advisor. However, he is not using many DFA funds. I also choose financial advisor if I were to predecease my wife, she w...
by bill1958
Sun Feb 09, 2014 11:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: Schwab or Vanguard
Replies: 56
Views: 4902

Re: Schwab or Vanguard

Question for those that have gotten Schwab to wave Vanguard fees. How big does the account need to be? I have about $240,000 in a roll over account from when my wife retired. Schwab just charged me $75 bucks for a recent purchase. :( My accounts in aggregate are low 7 figures. I was assigned an adv...
by bill1958
Fri Feb 07, 2014 9:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: Schwab or Vanguard
Replies: 56
Views: 4902

Re: Schwab or Vanguard

Been with Schwab many years, and very happy with their service and platform. My assigned advisor has recently added free trading in Vanguard funds, as Vanguard doesn't offer free access to their funds thru outside firms.
by bill1958
Fri Feb 07, 2014 7:09 am
 
Forum: Investing - Help with Personal Investments
Topic: Schwab or Vanguard
Replies: 56
Views: 4902

Re: How much to get your taxes done?

$39.99 for turbo tax deluxe on ebay. I have many of the same tax line items you have. Turbo tax does a great job of walking you thru the steps do DIY.
by bill1958
Tue Feb 04, 2014 8:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much to get your taxes done?
Replies: 31
Views: 3021

Re: Can we/should we afford this house?

I suspect that you're asking a question that we can't answer, because it's a matter of priorities. If having a bigger house rather than becoming financially independent earlier is preferable for you, your cash flow (assuming neither of you lose your job) appears capable of supporting this expenditu...
by bill1958
Fri Jan 31, 2014 7:42 am
 
Forum: Personal Finance (Not Investing)
Topic: Can we/should we afford this house?
Replies: 63
Views: 4358

Re: Roth Conversion "Horse Race"

The question remains, has anyone who follows the forum actually tried setting up multiple Roth accounts and creating multiple portfolios only to recharacterize one or more of them later? I can understand that in theory it works, but I am not inclined to try this approach if the paperwork hassle mak...
by bill1958
Fri Jan 31, 2014 1:15 am
 
Forum: Investing - Theory, News & General
Topic: Roth Conversion "Horse Race"
Replies: 41
Views: 3913

Re: Mortgage pre-approval questions

You're on the right track getting a quote from a large mortgage company as well as a credt union. In addition, I would get a quote from one of the larger reputable independent mortgage bankers in your market, you may find the mortgage banker to have lower rates and and costs than the bank or credit ...
by bill1958
Mon Jan 27, 2014 6:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Mortgage pre-approval questions
Replies: 7
Views: 511
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