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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: 4526

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: 31
Views: 1743

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: 31
Views: 1743

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: 1496

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: 12
Views: 1254

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: 878

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: 2931

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: 14
Views: 1091

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: 3206

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: 3614

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: 12056

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: 60
Views: 8739

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: 2014

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: 1167

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: 1193

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: 32153

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: 1430

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: 637

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: 3987

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: 1306

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: 536

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: 1909

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: 2305

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: 4030

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: 3228

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: 3109

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: 3109

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: 19531

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.
by gerntz
Wed Apr 23, 2014 6:51 pm
Forum: Personal Finance (Not Investing)
Topic: The Power of Zero (0% tax bracket in retirement) book
Replies: 22
Views: 4253

Re: The Power of Zero (0% tax bracket in retirement) book

I think 0% tax is a worthy goal. You/me deciding what to do with our assets/gains rather than others deciding is true freedom.
by gerntz
Mon Apr 21, 2014 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: If you have ACA health insurance, what is your experience?
Replies: 222
Views: 17364

Re: If you have ACA health insurance, what is your experien

as far as the states that did not expand medicaid. the ACA only guarantees to pay for these additional people covered under this for 3 years. after 3 years the federal government pays 90 percent. 10 percent may not seem a lot but a state can't print money like the federal government. most states ar...
by gerntz
Tue Apr 15, 2014 6:47 pm
Forum: Personal Finance (Not Investing)
Topic: Inheritance / gift question
Replies: 12
Views: 1392

Re: Inheritance / gift question

My wife's 90 y.o. grandmother would like to give 5 of her 10 great grandchildren currently under the age of 10 some inheritance (assuming less than $13k per grandchild) What's $13K got to do with anything? The limit/year w/o reporting to Feds is now $14K & the lifetime limit is $5.2M w/o owing ...
by gerntz
Sat Apr 05, 2014 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: Minimizing Taxes
Replies: 17
Views: 1142

Re: Minimizing Taxes

To me, giving a lot of it away makes a lot of sense. I mean do you want to decide where your earnings go or do you want the various governments you pay to be deciding? Particularly advantageous gifting is highly appreciated stock in taxable savings.
by gerntz
Sun Mar 16, 2014 3:09 pm
Forum: Personal Finance (Not Investing)
Topic: 3 Big Questions to Ask an Adviser
Replies: 34
Views: 2980

Re: 3 Big Questions to Ask an Adviser

Investment advisers are everywhere. There are thousands of them. Finding one that’s right for you is a challenge. How do you find an adviser that fits your needs? I’ve read articles that provide 20 questions, 10 questions, etc. Here are my “3 Big Questions” to narrow the adviser universe down to a ...
by gerntz
Sat Mar 15, 2014 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: What is your 2013 Federal Effective Tax Rate?
Replies: 72
Views: 5382

Re: What is your 2013 Federal Effective Tax Rate?

So far it's sitting at 2%. I screwed up. Seeing what I can do to get it down further.
by gerntz
Thu Mar 13, 2014 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: When to file social security benefits 62 or 67?
Replies: 56
Views: 3385

Re: When to file social security benefits 62 or 67?

I have no idea how you can decide that nine years from now you WILL retire at 62 when you'll have minor kids. Without more explanation, feels irresponsible. What's wrong with working another 2,3,5 years?
by gerntz
Fri Mar 07, 2014 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: Two commas...
Replies: 32
Views: 3529

Re: Two commas...

It's that 3rd comma that's the killer to get to.
by gerntz
Fri Feb 21, 2014 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: 1st time filing tax return
Replies: 6
Views: 414

Re: 1st time filing tax return

I'm sorry.
by gerntz
Thu Feb 13, 2014 4:48 pm
Forum: Personal Finance (Not Investing)
Topic: Estate Planning- Attorney fees $5.5K
Replies: 34
Views: 4574

Re: Estate Planning- Attorney fees $5.5K

We have been quoted fees of $5.5K for financial power of attorney, health care power of attorney, Living Will, Memorial Directive, revocable living trust, Pour over wills, LLC formation for second property in the same state. Dieharddoc Ex the LLC, we paid $3.5K for these documents for the two of us...
by gerntz
Thu Feb 13, 2014 4:38 pm
Forum: Personal Finance (Not Investing)
Topic: Marginal tax rate: statutory 15%, effective 30%
Replies: 100
Views: 9561

Re: Marginal tax rate: statutory 15%, effective 30%

Anyone think the difficulty in figuring out where the income breaks & types are to minimize taxes isn't deliberate?
by gerntz
Thu Feb 13, 2014 4:31 pm
Forum: Personal Finance (Not Investing)
Topic: What are you paying for your personal tax prep?
Replies: 28
Views: 1615

Re: What are you paying for your personal tax prep?

Maybe I should bite the bullet and let the CPA have one final go at it, then I should also do the taxes with either Tax Act or Turbo Tax to see what, if any, differences the taxes end up being (but not file it with the IRS) while developing confidence. I used to do my own taxes until I got married ...
by gerntz
Fri Jan 31, 2014 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a ski condominium
Replies: 22
Views: 2905

Re: Buying a ski condominium

I did something similar in Florida several years ago. It worked out OK over the ten years I owned it. You need to be aware of taxation issues on this, especially personal use restrictions and claiming depreciation. You might want to consult with a tax professional beforehand to get proper info up f...
by gerntz
Tue Jan 28, 2014 10:48 pm
Forum: Personal Finance (Not Investing)
Topic: Family Inheritance / (Family Feud)
Replies: 16
Views: 3494

Re: Family Inheritance / (Family Feud)

Most all trusts are irrevocable once the person creating the trust dies. Net, grandpa likely has no ability to influence what happens with the trust assets - just as your Mom doesn't (Why would/should he?). She should definitely legally fight for her share till proven wrong.
by gerntz
Sat Jan 18, 2014 7:29 pm
Forum: Personal Finance (Not Investing)
Topic: Any reason to still write checks?
Replies: 76
Views: 3235

Re: Any reason to still write checks?

Gifts - birthdays/weddings/charity events - and home repair guys apparently working off the books.
by gerntz
Tue Jan 14, 2014 8:01 am
Forum: Personal Finance (Not Investing)
Topic: AA pre, at and post retirement
Replies: 17
Views: 1156

Re: AA pre, at and post retirement

I am at retirement (2 months from today at 62 years of age). I have been moving my AA slowly over the past ten years from roughly 70%/30% (equity/fixed) to currently roughly 52%/48%. I have enough to support my retirement with SS and a pension annuity. One school of thought is to reduce risk with m...
by gerntz
Sat Jan 11, 2014 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: When to start social security
Replies: 30
Views: 2166

Re: When to start social security

Toons wrote:I started @62 no regrets,enjoying the extra cash every month :happy
So you wouldn't enjoy another 8% a month had you started at 63?
by gerntz
Tue Jan 07, 2014 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: financial adviser? advisor?
Replies: 26
Views: 2084

Re: financial adviser? advisor?

Advisor is the masculine form.
by gerntz
Wed Jan 01, 2014 8:42 am
Forum: Personal Finance (Not Investing)
Topic: Quick question re gift timing
Replies: 12
Views: 1015

Re: Quick question re gift timing

We have gifted appreciated stock to charities. I've always presumed, and my CPA counts this way, that when the stock leaves my account that the gifting is completed.
by gerntz
Wed Jan 01, 2014 8:37 am
Forum: Personal Finance (Not Investing)
Topic: At what age did your portfolio hit $1M?
Replies: 33
Views: 5401

Re: At what age did your portfolio hit $1M?

Inflation has a distorting effect on people's answers. Older respondents would reach it at a later age than their younger counterparts today. You know what the old folks say - "I remember when a million dollars was a lot of money"? :oops: Reminds of the TV show as a kid called The Million...
by gerntz
Tue Dec 24, 2013 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: Tax questions [adjusted earnings, PMI]
Replies: 2
Views: 361

Re: Tax questions

If the company provides group life insurance or you buy group life insurance thru them this can create "imputed" income.

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