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by expat
Thu Apr 09, 2015 5:35 pm
Forum: Personal Finance (Not Investing)
Topic: Am I justified in being angry with executor?
Replies: 22
Views: 3450

Re: Am I justified in being angry with executor?

I don't want to talk to the executor because every time I do, he lies to me. He will tell us he will do something but never does it. It's a waste of my time to communicate with him and his paralegal is just as bad. If there was any way to get this out of his hands now, I would. You need to hire to ...
by expat
Thu Apr 09, 2015 4:31 pm
Forum: Personal Finance (Not Investing)
Topic: Am I justified in being angry with executor?
Replies: 22
Views: 3450

Re: Am I justified in being angry with executor?

I have asked when the estate can be closed and he tells me they are working on it. It sounds like the executor is doing a poor job of communicating with you. He is not giving you enough information. He should be providing you with specific reasons why the estate isn't closed and what step they are ...
by expat
Wed Apr 08, 2015 12:10 pm
Forum: Personal Consumer Issues
Topic: Vehicle Suggestions with 3 Kids
Replies: 41
Views: 2553

Re: Vehicle Suggestions with 3 Kids

Don't fight it, the only logical choice is a minivan... I'm fighting it. RAV4 and even a Corolla work just fine for transporting 3 kids around town. I recently rented a Nissan Sentra recently and there was enough room and plenty of truck space. For long road trips, I occasionally rent a minivan if ...
by expat
Wed Apr 08, 2015 12:24 am
Forum: Personal Finance (Not Investing)
Topic: When to give adult children their inheritance?
Replies: 57
Views: 6836

Re: When to give adult children their inheritance?

Who would be the trustee? They will be taking fees all those years.

I say that let the young have the wealth immediately.

If they lose it, they will have learned a lesson and will probably have the time to rebuild a sufficient retirement fund.
by expat
Wed Apr 08, 2015 12:05 am
Forum: Personal Finance (Not Investing)
Topic: Nailed it! $223,199/yr: magic# for making it in SF Bay Area
Replies: 117
Views: 11463

Re: Nailed it! $223,199/yr: magic# for making it in SF Bay A

Rent and wait for the next housing crash.
by expat
Sun Apr 05, 2015 11:54 pm
Forum: Personal Consumer Issues
Topic: Help/advice with Europe trip (France+/-Greece)
Replies: 22
Views: 1429

Re: Help/advice with Europe trip (France+/-Greece)

If it is your first time to Paris, I would spend the entire trip there.

But, for a few days at the beach, I would skip Greece and instead take the TGV, which you can take from the center of Paris, to southern France for a few days in September to avoid the high season.
by expat
Thu Apr 02, 2015 6:31 pm
Forum: Personal Finance (Not Investing)
Topic: Transferring wealth loophole
Replies: 17
Views: 3001

Re: Transferring wealth loophole

LadyGeek wrote:Discussions of dishonest behavior or bypassing the law are totally unacceptable.

The OP's question has been answered. This thread has run its course and is locked.


Thread unlocked, see below.


Trying to find a loophole is not dishonest.

A backdoor Roth IRA is a loophole.
by expat
Thu Mar 12, 2015 7:09 pm
Forum: Personal Consumer Issues
Topic: $600 night guard for teeth grinding, really?
Replies: 92
Views: 6440

Re: $600 night guard for teeth grinding, really?

I use a $40 OTC nightguard and prefer it to the $400 custom made one.
by expat
Mon Mar 02, 2015 2:23 pm
Forum: Investing - Help with Personal Investments
Topic: Help- I keep investing my emergency fund in the stock market
Replies: 18
Views: 2468

Re: Help- I keep investing my emergency fund in the stock ma

spectec wrote:Sounds like you've fond an AA that you're comfortable with.


Sounds like they don't have an asset allocation to me.
by expat
Mon Feb 02, 2015 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: How to fire a client? [software ownership issues]
Replies: 69
Views: 5217

Re: How to fire a client? [software ownership issues]

IMO, you are over-thinking this.

Hand over the source code and then say you are too busy.
by expat
Tue Dec 30, 2014 3:07 am
Forum: Personal Finance (Not Investing)
Topic: Should I do a 25 year refinance?
Replies: 13
Views: 871

Re: Should I do a 25 year refinance?

The calculator at bank rate says a 410k mortgage fixed at 5% for 30 years has a principal and interest payment of $2,200.97. I say again, something is off with your numbers. You're right. :oops: This 2029= 454 +1575 should have read 2215= 640 +1575 454 was the escrow amount that I mistook for princ...
by expat
Mon Dec 29, 2014 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: Should I do a 25 year refinance?
Replies: 13
Views: 871

Re: Should I do a 25 year refinance?

This seems like a no brainer to me. Your mortgage would be paid off at the same time it is currently and you will pay less interest. I would keep paying your current payment of $2,029 as well, which would send $8 extra to principal each month. I can't see any especially since my mortgage interest i...
by expat
Mon Dec 29, 2014 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: Should I do a 25 year refinance?
Replies: 13
Views: 871

Should I do a 25 year refinance?

My mortgage lender has offered to do a no cost refinance of my principal residence : 378K over 25 years at 4.125% I am currently 5 years into a 30 year loan at 5%. I just realized the refinance does not significantly lower my monthly payment at all - see schedule below - I just pay more principal an...
by expat
Tue Dec 16, 2014 1:13 pm
Forum: Personal Consumer Issues
Topic: WHY is retirement enjoyable / something to look forward to?
Replies: 237
Views: 20941

Re: WHY is retirement enjoyable / something to look forward

MikeWillRetire wrote:
expat wrote:If you can't wait to retire, you are in the wrong line of work.

Many jobs are mundane, back breaking, dirty, stressful, dangerous, demeaning, etc.
Somebody has to do those jobs, and they look forward to retirement.


No one has to do a job they don't like.
by expat
Tue Dec 16, 2014 12:06 pm
Forum: Personal Consumer Issues
Topic: WHY is retirement enjoyable / something to look forward to?
Replies: 237
Views: 20941

Re: WHY is retirement enjoyable / something to look forward

If you can't wait to retire, you are in the wrong line of work.
by expat
Mon Dec 15, 2014 1:26 am
Forum: Personal Finance (Not Investing)
Topic: buying apartment in France
Replies: 14
Views: 3384

Re: buying apartment in France

I have bought auto, school (it exists) and renter's insurance in France. No question was ever raised in terms of when I arrived in the country or when I would leave. Also, in France, if the plumbing in your apartment floods the neighbor(s) below, you and your insurance are responsible for the damage...
by expat
Sat Dec 13, 2014 1:25 am
Forum: Personal Finance (Not Investing)
Topic: Deductions!
Replies: 31
Views: 2751

Re: Deductions!

g$$ wrote:
Seems like I've finally made the transition to the 28% federal tax bracket :annoyed. If you've got any suggestions for year-end deductions, please feel free to post them here.

-g$$


You're only paying 28% on the part over $89,350.

(92,250-89,350) * (.28-.25) = $87.00 more in taxes
by expat
Wed Nov 26, 2014 12:12 pm
Forum: Investing - Help with Personal Investments
Topic: Why should I avoid REITs?
Replies: 59
Views: 9254

Re: Why should I avoid REITs?

On the subject of avoiding volatile asset classes, the Dow Jones Industrial average dropped 89 percent in the bear market of 1929-1932.
by expat
Mon Nov 03, 2014 2:20 pm
Forum: Investing - Help with Personal Investments
Topic: Should I bite the bullet and sell my mining stocks?
Replies: 23
Views: 2455

Re: Should I bite the bullet and sell my mining stocks?

You should bite the bullet and buy more - up to the percentage specified in your IPS for that asset class.
by expat
Thu Oct 23, 2014 2:41 pm
Forum: Personal Consumer Issues
Topic: Do you regret buying your home?
Replies: 82
Views: 7660

Re: Do you regret buying your home?

Owning home is like having an unpaid part-time job working for the bank maintaining their investment. When the mortgage is paid, you get a house that is 30 years older and in need of more repair. :D
by expat
Thu Oct 23, 2014 12:03 pm
Forum: Personal Consumer Issues
Topic: Phone for Europe trip
Replies: 24
Views: 1646

Re: Phone for Europe trip

It is cheaper to make calls to Europe or USA using my USA T-mobile phone than to use a local phone with minutes. Also, there is no additional charge to use T-mobile text or data plan overseas. If I need to receive local calls in Europe I buy a local phone. There is no charge to receive a call on a l...
by expat
Wed Oct 01, 2014 3:48 pm
Forum: Personal Consumer Issues
Topic: Tell me about Paris
Replies: 65
Views: 4398

Re: Tell me about Paris

For our budget, we are looking at Clignancourt (just north west of Gare du l'Est and near Sacre Coeur) and Gallieni (Paris East - end of metro line 3)


Seems like a shame to go all that way to stay in one of those areas.
by expat
Tue Sep 23, 2014 3:18 pm
Forum: Personal Finance (Not Investing)
Topic: Need help protecting assets (marriage)
Replies: 46
Views: 4739

Re: Need help protecting assets (marriage)

Assets obtained before marriage are your separate property not community property.
by expat
Tue Aug 12, 2014 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: Reticient sibling [Dispute over execution of trust]
Replies: 31
Views: 3520

Re: Reticient sibling [Dispute over execution of trust]

Mr. Digweed wrote:There are 3 of us (my two sisters, and myself. Each of us signs as a beneficiary of my parents trusts.


Beneficiary signatures are not required for trust distribution in my state precisely to avoid the type of problem you are having.

Who is requiring you to sign?

What state are you in?
by expat
Mon Aug 11, 2014 6:24 pm
Forum: Investing - Help with Personal Investments
Topic: Good place to park ~$500k for house remodel/teardown?
Replies: 17
Views: 2581

Re: Good place to park ~$500k for house remodel/teardown?

500K remodel? :shock: Are you really sure you want to do that?
by expat
Tue Aug 05, 2014 4:18 pm
Forum: Investing - Help with Personal Investments
Topic: How do you document your HSA "stuff?"
Replies: 38
Views: 2377

Re: How do you document your HSA "stuff?"

I don't. I will take the money out during retirement or when there are no other funds in other accounts to pay for an extraordinary medical expense.
by expat
Wed Jul 30, 2014 1:51 pm
Forum: Investing - Help with Personal Investments
Topic: Help with a new $5m portfolio for an old lady
Replies: 59
Views: 4886

Re: Help with a new $5m portfolio for an old lady

Update: Mom and I had another run through her math, and it turns out she'd really prefer to draw $180k-200k/yr. (I knew $100k was too low, but I thought it would be closer...) She's now talking more like 3.5%/yr draw -- not nearly so easy, but not entirely outside the realm of reason from what I ca...
by expat
Fri Jun 20, 2014 6:45 am
Forum: Personal Consumer Issues
Topic: American Automobile Assn (AAA)
Replies: 51
Views: 3723

Re: American Automobile Assn (AAA)

A international driver permit is required for car rental


A normal US state's driver's license has always worked for me.
by expat
Thu Jun 19, 2014 3:36 am
Forum: Personal Finance (Not Investing)
Topic: How much $$ to change jobs?
Replies: 52
Views: 4511

Re: How much $$ to change jobs?

currently have a great working environment in the federal govt. I have a great work-life balance, very decent pay for the amount and type of work I do, relatively stress-free, a lot of flexibility in managing my workload and being able to take vacations pretty easily. If it were me, I would stick w...
by expat
Tue Jun 17, 2014 9:34 am
Forum: Investing - Help with Personal Investments
Topic: Selling Apt. Buildings. Best Option for Reinvestment? 1031?
Replies: 11
Views: 935

Re: Selling Apt. Buildings. Best Option for Reinvestment? 1

Yesterday, a friend who is involved in the wealth management business, suggested that there are other alternatives for us to consider that could take advantage of the 1031 exchange rules and help us avoid cap gains taxes. (He is not interested in selling anything, but was just giving me ideas). He ...
by expat
Fri Jun 06, 2014 2:03 am
Forum: Personal Finance (Not Investing)
Topic: Pin and Chip Cards coming to the US
Replies: 71
Views: 6176

Re: Pin and Chip Cards coming to the US

In France, BofA chip and signature do not work at the toll booths. There is no place to enter a pin which is why I thought a chip and signature card might work. I did not see any people working at these, only machines. I have a chip and pin as well but if you drove up to one of these by accident wit...
by expat
Tue Jun 03, 2014 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: Living trust vs will
Replies: 26
Views: 3063

Re: Living trust vs will

>> Trusts also have provisions such as a Health Care Power of Attorney. For example, you and your spouse get into an accident and you cannot communicate your wishes. Who speaks for you? In California, at least, that is a separate document. You don't need a trust to have an advanced healthcare direct...
by expat
Tue Jun 03, 2014 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: Living trust vs will
Replies: 26
Views: 3063

Re: Living trust vs will

>> One of our friends suggezted that the will is not sufficient and we need to setup a living trust and not rely on creating a trust after the fact. They said that it helps avoid probate and it also has tax benefits. I agree with your friend. >> Is there a downside to setting up a living trust? It s...
by expat
Mon Apr 28, 2014 5:04 pm
Forum: Investing - Help with Personal Investments
Topic: My dad is asking me for advice
Replies: 11
Views: 2878

Re: My dad is asking me for advice

I would encourage him to enjoy the money by spending it however he wants. No more saving or investing.
by expat
Fri Apr 18, 2014 11:16 am
Forum: Investing - Theory, News & General
Topic: Net Worth Survey, 2014 Edition
Replies: 149
Views: 25973

Re: Net Worth Survey, 2014 Edition

Lock this thread. There is nothing actionable about it.
by expat
Tue Mar 18, 2014 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: Bogleheads Stance on Home Buying
Replies: 61
Views: 6005

Re: Bogleheads Stance on Home Buying

And it always bugged me the fact that we use a special word for our home debt...mortgage. I think a mortage is a special debt and appropriately named. The word means a pledge until death. mortgage late Middle English: from Old French, literally ‘dead pledge,’ from mort (from Latin mortuus ‘dead’) +...
by expat
Wed Feb 19, 2014 5:02 pm
Forum: Personal Consumer Issues
Topic: Vacation Rental By Owner (VRBO) - Contracts and Deposits
Replies: 7
Views: 927

Re: Vacation Rental By Owner (VRBO) - Contracts and Deposits

>> The more TIME you spend communicating with the owner/manager, the less likely it is to be a scammer who has hijacked some email account. Those scammers aren't going to waste the time having discussions about the property or area, etc. In my experience, this is not an accurate statement. I have se...
by expat
Wed Jan 01, 2014 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: Pitfalls of ceding an inheritance
Replies: 29
Views: 2290

Re: Pitfalls of ceding an inheritance

Teachable Moment: Again, the family could have avoided probate by seeing an estate lawyer before the fact, creating a simple trust, and passing the property to the sisters, all at far less cost than the stated/fees. Not necessarily. The trust document could allow the trustee to take a fee. The trus...
by expat
Sat Dec 28, 2013 4:12 pm
Forum: Investing - Help with Personal Investments
Topic: Please Help a 36 Yr Old With $7m+ Portfolio
Replies: 66
Views: 11613

Re: Please Help a 36 Yr Old With $7m+ Portfolio

You have way too much house, IMO.
by expat
Sun Dec 22, 2013 6:24 pm
Forum: Investing - Help with Personal Investments
Topic: 28 y/o Investor With 1M Portfolio Needs Advice
Replies: 31
Views: 5131

Re: 28 y/o Investor With 1M Portfolio Needs Advice

I think a 50/50 portfolio is fine if you are comfortable with it.

Most young people don't have a lot to lose which is why an aggressive portfolio makes sense.

You, on the other hand, have a lot to lose and I don't think the typical advice for young people applies.
by expat
Sat Dec 21, 2013 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: Kids in 5 years. Preparation with finances.
Replies: 40
Views: 1999

Re: Kids in 5 years. Preparation with finances.

If you decide you like having kids, you won't have much time to have them if you wait until 35.
by expat
Fri Dec 20, 2013 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: Should I move to California from Midwest?
Replies: 153
Views: 8542

Re: Should I move to California from Midwest?

Unless you really want to get away from family and/or bad weather, I wouldn't do it. It's not that great.
by expat
Sat Dec 07, 2013 8:18 pm
Forum: Investing - Help with Personal Investments
Topic: I just inherited $1 million
Replies: 65
Views: 11625

Re: I just inherited $1 million

Your wife inherited the money, not you.
by expat
Wed Dec 04, 2013 1:42 am
Forum: Personal Finance (Not Investing)
Topic: Family member renting 2nd house. Ok to ignore on tax return?
Replies: 197
Views: 15577

Re: Family member renting 2nd house. Ok to ignore on tax ret

Check with your CPA. In the case of below market rent, I believe your deductions (depreciation, maintenance, fees, taxes) cannot exceed your income. Or perhaps you could construct another story. A family member is staying as a guest in your second home and the $7,800 is a gift to you. It's under the...
by expat
Tue Nov 19, 2013 5:55 pm
Forum: Personal Consumer Issues
Topic: Grade 4. Writing Reading. Goal. "Exceed the Grade Level".
Replies: 50
Views: 3406

Re: Grade 4. Writing Reading. Goal. "Exceed the Grade Level"

I suggest your daughter drop out of the "race to nowhere." :)

http://www.racetonowhere.com/
by expat
Tue Nov 19, 2013 5:27 pm
Forum: Personal Consumer Issues
Topic: Grade 4. Writing Reading. Goal. "Exceed the Grade Level".
Replies: 50
Views: 3406

Re: Grade 4. Writing Reading. Goal. "Exceed the Grade Level"

TomatoTomahto wrote:
expat wrote:Why does she have to exceed her grade level?

I am not OP, but considering how low the "grade level" bar is set, I can't disagree with a parent's wish to have their child exceed it.


I must have missed that. I read that the OP's school was :

high rated and very competitive.
by expat
Tue Nov 19, 2013 4:39 pm
Forum: Personal Consumer Issues
Topic: Grade 4. Writing Reading. Goal. "Exceed the Grade Level".
Replies: 50
Views: 3406

Re: Grade 4. Writing Reading. Goal. "Exceed the Grade Level"

Why does she have to exceed her grade level?

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