Search found 338 matches

by gerntz
Mon Aug 17, 2015 7:18 am
Forum: Personal Finance (Not Investing)
Topic: Cash in the house
Replies: 80
Views: 6471

Re: Cash in the house

We go to the ATM when we get down to around a hundred collectively & get $300. Have more if going to travel. Now my deceased father kept $19,950 in the house behind insulation till he realized he wasn't going to live forever. Then he told me about it & where it was, asked me to count it - he...
by gerntz
Fri Jul 31, 2015 8:26 pm
Forum: Personal Finance (Not Investing)
Topic: Which debt to work on next?
Replies: 31
Views: 2615

Re: Which debt to work on next?

Give Dave Ramsey a call.
by gerntz
Mon Jul 27, 2015 9:34 am
Forum: Investing - Help with Personal Investments
Topic: Inherited Stock -Very low cost basis
Replies: 13
Views: 1212

Re: Inherited Stock -Very low cost basis

The OP appears to know what he is talking about with respect to basis. There is no new basis if the asset isn't included in an estate. His inheritance appears to be from a trust termination which had no effect on basis. Many people seem to assume that any inheritance results in a new basis. Gill Th...
by gerntz
Sun Jul 12, 2015 8:52 am
Forum: Investing - Help with Personal Investments
Topic: How do you set emerging markets weight?
Replies: 9
Views: 1379

Re: How do you set emerging markets weight?

I approve what my fee-only advisor recommends - or not. That way I don't rack my brain over it.
by gerntz
Thu Jul 02, 2015 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: Should I take SS at 62 or 70?
Replies: 12
Views: 2147

Re: Should I take SS at 62 or 70?

My husband is older and already retired. I will be retiring early (when I'm 60 or 62 years old) and wonder if I should drawdown on 401K (will need to to make up short fall), and hold off taking SS until 70 (treat as annuity protection). At full retirement I can take spousal benefit, and then when I...
by gerntz
Sun Jun 28, 2015 7:32 am
Forum: Investing - Help with Personal Investments
Topic: Fee Only Planner vs. Betterment
Replies: 13
Views: 1750

Re: Fee Only Planner vs. Betterment

I would choose Vanguard over Betterment. I would do a 3 fund portfolio and manage it myself. But if you want extra handholding, go for the 0.3 % management services. How do you know that the 0.3% fee is "extra handholding"? Some folks just aren't interested in spending time/effort on mana...
by gerntz
Sun Jun 28, 2015 7:03 am
Forum: Investing - Help with Personal Investments
Topic: Big Shift in AA, close to retirement??
Replies: 15
Views: 1444

Re: Big Shift in AA, close to retirement??

You may want to look at what your incomes will be once you reach age 70.5 & RMD start occurring from retirement accounts. Looks to me you'll be adding about $110-120K per year income at that point and thus be driving yourself into higher tax brackets or at least higher tax percentage rates. If s...
by gerntz
Sun Jun 21, 2015 10:03 pm
Forum: Investing - Help with Personal Investments
Topic: Allocation with large holding in single stock
Replies: 34
Views: 2651

Re: Allocation with large holding in single stock

They might enjoy reading "Why Smart People Make Big Money Mistakes" by Gilovich and Belsky. I believe the book starts with something that should grab their attention. Their investing may not be perfect, but it's hardly a big mistake a) having had faith in APPL & b) accumulating so muc...
by gerntz
Sun Jun 21, 2015 9:57 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Question
Replies: 14
Views: 2071

Re: Social Security Question

I'd prepare my questions & set up an appt. at your local SS office. My big takeaway from the Kotlikoff book is to know your strategy before going into the SS office. You may have to be persistent with an SS clerk who isn't familiar with what you know is possible. How is "I'd prepare my que...
by gerntz
Sun Jun 21, 2015 9:55 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Advisor
Replies: 17
Views: 2118

Re: Financial Advisor

The biggest problem with advisors isn't so much the upfront sales loads, it is the churn. (The loads are bad enough). The churn happens when the advisor tells you to sell one investment so that he can sell you another one. Some advisors tend to have their clients sell their funds and perhaps buy th...
by gerntz
Sun Jun 21, 2015 9:52 pm
Forum: Personal Finance (Not Investing)
Topic: Age to Take Social Security: The Ideal and the Reality
Replies: 31
Views: 5521

Re: Age to Take Social Security: The Ideal and the Reality

Nowhere does it mention that the average lifetime payout total is roughly the same, no matter what age you claim at, and especially for men, who have decreased life expectancy vs women... Only on average for a single person. A person that dies at 62 gets a way different payout than one that dies at...
by gerntz
Sun Jun 21, 2015 9:49 pm
Forum: Personal Finance (Not Investing)
Topic: Pension or Unfair Lump Sum
Replies: 39
Views: 5267

Re: Pension or Unfair Lump Sum

Aren't you going to owe something like 40-45% in taxes on the lump sum such that you only have $550-600K to invest? Won't you be in a lot lower tax bracket on the pension payouts? If so, this swings the choice more towards monthly payments though I still don't know which is better.. You can roll ov...
by gerntz
Sat Jun 20, 2015 9:23 am
Forum: Investing - Help with Personal Investments
Topic: Investing 11 Million Dollar Gift
Replies: 80
Views: 12756

Re: Investing 11 Million Dollar Gift

Place it all on red. :mrgreen:
by gerntz
Mon Jun 15, 2015 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: Transfer of wealth to kids
Replies: 92
Views: 12007

Re: Transfer of wealth to kids

If you have an estate that you expect to leave behind some of, & the total in each person's name isn't beyond $5.4M, I think you're better off taxes-wise to not gift it away beyond the $14/yr because all cap gains disappear to the estate's recipients (IRA contents & other tax-deferred accou...
by gerntz
Mon Jun 08, 2015 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: Your Home Equity / Net Worth Ratio?
Replies: 119
Views: 8449

Re: Your Home Equity / Net Worth Ratio?

5%. Yes. We've lived in the same moderate size house a long time. Bigger would be an even bigger upkeep waste of our time & money than this one is. We have better places to put our assets.
by gerntz
Mon Jun 08, 2015 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: Transfer of wealth to kids
Replies: 92
Views: 12007

Re: Transfer of wealth to kids

If you have an estate that you expect to leave behind some of, & the total in each person's name isn't beyond $5.4M, I think you're better off taxes-wise to not gift it away beyond the $14/yr because all cap gains disappear to the estate's recipients (IRA contents & other tax-deferred accoun...
by gerntz
Mon Jun 08, 2015 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: Advice/Opinions on Rental Property
Replies: 17
Views: 2137

Re: Advice/Opinions on Rental Property

We own 4 duplexes. I didn't & wouldn't buy without an expected break even cash flow to start unless I was convinced appreciation would be quite high. We bought the first 8 years back & have only 5-10% net appreciation with the dip. But with rent increases, we're doing nicely. And the princip...
by gerntz
Mon Jun 08, 2015 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: Putting off Social Security until 70
Replies: 89
Views: 8287

Re: Putting off Social Security until 70

Many here plan to delay until age 70 due to the 8% per yr increase. I don't agree,however, because the amount at age 62 and 70 are actuarialy equivalent. If I recall correctly, one has to live to ~81 to break even And many folks expect to live past 81. A minority do not. I think the positive attitu...
by gerntz
Mon Jun 01, 2015 8:26 pm
Forum: Personal Finance (Not Investing)
Topic: Pension or Unfair Lump Sum
Replies: 39
Views: 5267

Re: Pension or Unfair Lump Sum

Aren't you going to owe something like 40-45% in taxes on the lump sum such that you only have $550-600K to invest? Won't you be in a lot lower tax bracket on the pension payouts? If so, this swings the choice more towards monthly payments though I still don't know which is better..
by gerntz
Mon Jun 01, 2015 8:14 pm
Forum: Personal Finance (Not Investing)
Topic: Age to Take Social Security: The Ideal and the Reality
Replies: 31
Views: 5521

Re: Age to Take Social Security: The Ideal and the Reality

Nowhere does it mention that the average lifetime payout total is roughly the same, no matter what age you claim at, and especially for men, who have decreased life expectancy vs women... Only on average for a single person. A person that dies at 62 gets a way different payout than one that dies at...
by gerntz
Mon May 25, 2015 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: When is it safe to share financial details with gf, future wife
Replies: 53
Views: 5489

Re: When is it safe to share financial details with gf, future wife

Boglenaut wrote:
When is it safe to share financial details with gf, future wife


It is safe when you do not need to ask "Is it safe?".
+1
by gerntz
Sun May 24, 2015 7:19 pm
Forum: Investing - Help with Personal Investments
Topic: Allocation with large holding in single stock
Replies: 34
Views: 2651

Re: Allocation with large holding in single stock

They might enjoy reading "Why Smart People Make Big Money Mistakes" by Gilovich and Belsky. I believe the book starts with something that should grab their attention. Their investing may not be perfect, but it's hardly a big mistake a) having had faith in APPL & b) accumulating so muc...
by gerntz
Sat May 23, 2015 3:02 pm
Forum: Investing - Help with Personal Investments
Topic: Allocation with large holding in single stock
Replies: 34
Views: 2651

Re: Allocation with large holding in single stock

One, if that first figure in that seven figure portfolio is a 5 or larger, they should have those accounts split equally in size between them to take full advantage of the estate tax exemption. Two, something working for them at their age is that the cap gains bases step up to current value when the...
by gerntz
Sat May 23, 2015 9:27 am
Forum: Investing - Help with Personal Investments
Topic: Where to put extra cash? CD's dont make sense
Replies: 7
Views: 1815

Re: Where to put extra cash? CD's dont make sense

Without knowing your total investable assets & age, hard to answer.
by gerntz
Thu May 21, 2015 6:48 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Question
Replies: 14
Views: 2071

Re: Social Security Question

I'd prepare my questions & set up an appt. at your local SS office.
by gerntz
Sat May 16, 2015 8:03 pm
Forum: Investing - Help with Personal Investments
Topic: VA Municipal Bonds
Replies: 10
Views: 1038

Re: VA Municipal Bonds

The problem with buying municipal bonds as an individual is that you are likely to lose a lot to trading costs, particularly if you need to sell them before maturity. Municipal-bond funds charge a small amount in expenses, but they are liquid. There are VA municipal-bond funds available, but the ex...
by gerntz
Thu May 14, 2015 8:00 am
Forum: Investing - Help with Personal Investments
Topic: How much in cash?
Replies: 35
Views: 3785

Re: How much in cash?

Call me a heretic, but I prefer GLD to US currency. Much harder to devalue than the currency is & it's easily sold. Plus we have a currency stream called Social Security.
by gerntz
Sun May 03, 2015 6:25 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Advisor
Replies: 17
Views: 2118

Re: Financial Advisor

The biggest problem with advisors isn't so much the upfront sales loads, it is the churn. (The loads are bad enough). The churn happens when the advisor tells you to sell one investment so that he can sell you another one. Some advisors tend to have their clients sell their funds and perhaps buy th...
by gerntz
Mon Apr 20, 2015 7:03 am
Forum: Personal Finance (Not Investing)
Topic: Preparing for the Minimum Required Distribution
Replies: 41
Views: 3438

Re: Preparing for the Minimum Required Distribution

I am clueless about this excerpt, so I just include as a note because I was going to suggest converting some of your traditional IRAs to Roths, being careful to watch what that does to your taxes. You may consider reducing your taxes by making more charitable contributions now, keeping in mind that...
by gerntz
Sun Apr 19, 2015 8:03 am
Forum: Personal Consumer Issues
Topic: mandatory 17% tip at a buffet
Replies: 32
Views: 3841

Re: mandatory 17% tip at a buffet

Good reason to go to Europe instead of Vegas.
by gerntz
Sun Apr 19, 2015 8:00 am
Forum: Personal Finance (Not Investing)
Topic: engineers - please help with engineering school selection
Replies: 185
Views: 12933

Re: engineers - please help with engineering school selectio

I'm a retired ChE. My data is 40+ years old, but MN's ChE program was(is?) topnotch - top 10 at the time. My top 50 sales megacorp hired a good number of MN grads for R&D work - new chemicals development, formulation, process development & production implementation/startup. Also production m...
by gerntz
Sun Apr 19, 2015 7:42 am
Forum: Personal Finance (Not Investing)
Topic: Don't come to Europe with a new chip and sign credit card
Replies: 62
Views: 10810

Re: Don't come to Europe with a new chip and sign credit car

I'm sure retailers are going to turn business way because you don't have a chip & PIN card. LOL.

BTW, what happens to Euros when they come to US with a C&P card? Do those still have a strip? IF not, what happens?
by gerntz
Sun Apr 12, 2015 9:20 pm
Forum: Personal Finance (Not Investing)
Topic: Would you refinance to save 0.25%?
Replies: 23
Views: 2263

Re: Would you refinance to save 0.25%?

I could care less what % I save. It's dollars I worry about.
by gerntz
Tue Mar 24, 2015 8:19 am
Forum: Investing - Help with Personal Investments
Topic: Munis when moving to a different state
Replies: 9
Views: 1305

Re: Munis when moving to a different state

What's the problem with investing in VNYTX now and switching to VCITX once in CA? Surely the investment costs are low & the Cap Gains would be minimal, particularly if the NY holding is 1 yr+. I wouldn't give up the state tax savings with those states' marginal income tax rates. And are there ci...
by gerntz
Sun Mar 08, 2015 7:31 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard PAS vs. Portfolio Solutions?
Replies: 11
Views: 1406

Re: Vanguard PAS vs. Portfolio Solutions?

Can you help me with "flat fee advisors"? Who are they? No personal experience to assess service scope, quality, or fit. Just purely based on published fee schedule, not necessarily current. * FPL Capital Management $1,000-5,000 a year * Cardiff Park Advisors $2,000-$6,000 a year * Evanso...
by gerntz
Tue Nov 18, 2014 10:59 am
Forum: Personal Finance (Not Investing)
Topic: TurboTax '14 Deluxe (Desktop) Excludes Schedule D
Replies: 223
Views: 32943

Re: TurboTax '14 Deluxe (Desktop) Excludes Schedule D

This whole thread is over $10, $20??? LOL.
by gerntz
Sun Nov 16, 2014 3:06 am
Forum: Personal Finance (Not Investing)
Topic: Degree of Difficulty Obtaining a Mortgage without Income
Replies: 11
Views: 1471

Re: Degree of Difficulty Obtaining a Mortgage without Income

Peterjens wrote:Currently, my wife has a mortgage (7 years into a 30 year - might break even if she sold today). I pay monthly rent to her.
. Besides housing, what else do you need to pay your wife for?
by gerntz
Fri Nov 14, 2014 11:16 pm
Forum: Personal Finance (Not Investing)
Topic: Donating appreciated securities
Replies: 6
Views: 654

Re: Donating appreciated securities

Donating appreciated securities only avoids taxes if you had planned to sell the assets before you die. If not, the cost bases step up to you heirs and there is no tax savings to them vs. any other inheritance source from you.
by gerntz
Mon Oct 20, 2014 2:12 pm
Forum: Investing - Help with Personal Investments
Topic: Advice sought for $6M investment
Replies: 36
Views: 4107

Re: Advice sought for $6M investment

I didn't see that you mentioned the state you live in. If it has, say 5%+, state income tax, I'd think your state-specific muni bonds/funds would be best.
by gerntz
Wed Oct 15, 2014 5:24 pm
Forum: Personal Finance (Not Investing)
Topic: Owning property jointly with family member
Replies: 15
Views: 1382

Re: Owning property jointly with family member

If I correctly assume that you own this property 50/50 with someone else, I don't see how the other party can do anything without your agreement. Net, when you say brother will give property to his son, how can ownership be transferred without you?
by gerntz
Tue Sep 16, 2014 3:29 pm
Forum: Investing - Help with Personal Investments
Topic: Equity Allocation Review
Replies: 8
Views: 574

Re: Equity Allocation Review

Curious: Are any of these bond funds; i.e., where is the 40% bonds?
by gerntz
Fri Sep 12, 2014 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: Ethics of Multi-Generational Tax Optimization
Replies: 23
Views: 2008

Re: Ethics of Multi-Generational Tax Optimization

If he wants to maximize assets going to his heirs, why not maximize them? You've stated the case that he's never running out before death.
by gerntz
Wed Jul 30, 2014 9:08 am
Forum: Personal Finance (Not Investing)
Topic: state income tax withheld from IRA distribution?
Replies: 44
Views: 2480

Re: state income tax withheld from IRA distribution?

I had no problem at Schwab having state taxes withheld from IRA withdrawal. Did required 10% minimum Fed tax withholding as part of the deal and 1% non-taxes distribution, so maximum state % was 89.
by gerntz
Wed Jul 09, 2014 1:50 pm
Forum: Investing - Help with Personal Investments
Topic: Why not include gold?
Replies: 48
Views: 4204

Re: Why not include gold?

I own GLD at about 5% of my assets. There are clearly uses for it or it wouldn't be mined or owned at all. You can like or not like those uses personally. What should its price be? An article in the WSJ today states that Au mining companies are in trouble because they can't make money mining & r...
by gerntz
Wed Jun 25, 2014 4:31 pm
Forum: Investing - Help with Personal Investments
Topic: Mimicking DFA Portfolio
Replies: 18
Views: 3335

Re: Mimicking DFA Portfolio

I can't see where you state the size of your DFA portfolio, but if it's $500K+, there are several advisors who manage DFA portfolios that size passively for under 1%. They do it for a flat annual fee of $2500-5000.
by gerntz
Sun Jun 15, 2014 8:47 am
Forum: Investing - Help with Personal Investments
Topic: Retirement age now But all in cash
Replies: 18
Views: 3129

Re: Retirement age now But all in cash

Pretty sure you don't want to hear this, but your situation would be much improved by not retiring for 4-5 years vs. in 2. You'll use up much less of your savings prior to SS kicking which will give you much more financial safety & flexibility.
by gerntz
Sun Jun 15, 2014 8:39 am
Forum: Investing - Help with Personal Investments
Topic: Retirement age now But all in cash
Replies: 18
Views: 3129

Re: Retirement age now But all in cash

Another idea might be to file my own (lesser) claim when my husband is at his FRA. I believe he could collect half of my full amt while I would collect my FRA Benefits less about 17% since I would not be 66 yet. I don't think this is correct, but there are better SS minds than me here. My understan...
by gerntz
Wed Apr 23, 2014 6:55 pm
Forum: Personal Consumer Issues
Topic: Where would you retire, if $ were no object?
Replies: 89
Views: 19702

Re: Where would you retire, if $ were no object?

Monoco - no taxes now or in the future. I get to decide where my money goes.

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