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Re: "Its Time To End Financial Advisers 1% Fees"

This implication that only flat fees are honorable and that folks charging 1% are just this side of swindlers is misguided. The advantage of the 1% or any reasonable AUM approach is that it allows smaller investors in the door. Folks keep referencing Rick like he's the second coming of Jack Bogle. I...
by letsgobobby
Tue Jan 27, 2015 12:28 am
 
Forum: Investing - Theory, News & General
Topic: "Its Time To End Financial Advisers 1% Fees"
Replies: 75
Views: 6276

Re: Rental Car Prices - is this the new normal ?

Costco typically includes an upgrade, and almost always allows the spouse to drive for free - something that few car rental companies allow (I think Alamo does as a rule). Very rarely is Costco not the cheapest for us. We just rented in Miami for 1 day in January - peak season - and paid $16+ tax ($...
by letsgobobby
Sun Jan 25, 2015 3:31 pm
 
Forum: Personal Consumer Issues
Topic: Rental Car Prices - is this the new normal ?
Replies: 53
Views: 3710

Re: Time to stop driving for 85 yo MIL

I know it might be difficult and it might lead to some hard feelings, but please don't simply assume that someone else is going to take care of the situation. As you noted yourself, the police or doctors don't have the luxury of knowing her entire driving history. If nothing happens, next time migh...
by letsgobobby
Sun Jan 25, 2015 3:29 pm
 
Forum: Personal Consumer Issues
Topic: Time to stop driving for 85 yo MIL
Replies: 69
Views: 3573

Re: Time to stop driving for 85 yo MIL

gerrym51 wrote:I hope nobody wants to take my licesnse based on age. You should ask Taylor Lattimore what he thinks- isn't he 90.

we grant licenses on the basis of ability AND age - a competent 14 year old cannot drive in my state, no matter what.
by letsgobobby
Sun Jan 25, 2015 3:17 pm
 
Forum: Personal Consumer Issues
Topic: Time to stop driving for 85 yo MIL
Replies: 69
Views: 3573

Re: "Its Time To End Financial Advisers 1% Fees"

Online electronic advisors will not replace face to face advisors any time soon. Sure, you can get an asset allocation online for a bargain, but you can get that for free just about anywhere. If you want the true handholding (not using that term pejoratively) that comes with traditional advising, yo...
by letsgobobby
Sun Jan 25, 2015 3:14 pm
 
Forum: Investing - Theory, News & General
Topic: "Its Time To End Financial Advisers 1% Fees"
Replies: 75
Views: 6276

Re: "Its Time To End Financial Advisers 1% Fees"

I don't buy it and I don't agree. The more I learn about human nature, the more I realize that it is pure folly to expect the average American to successfully devise and execute a 75 year plan for financial success, including education, careers, marriage/divorce, kids, college savings, medical expen...
by letsgobobby
Sun Jan 25, 2015 12:15 pm
 
Forum: Investing - Theory, News & General
Topic: "Its Time To End Financial Advisers 1% Fees"
Replies: 75
Views: 6276

$1 and $2 foreign tax paid - file? refundable credit?

My children paid $2 and $1, respectively, in foreign taxes in 2014 on their Vanguard target date 2060 fund. They have no federal tax liability (net earnings under $50 each, all investment income). Should they file? Would they get the $2 and $1 back as a tax refund? Ha, don't laugh: that's far more t...
by letsgobobby
Sun Jan 25, 2015 11:58 am
 
Forum: Personal Finance (Not Investing)
Topic: $1 and $2 foreign tax paid - file? refundable credit?
Replies: 6
Views: 571

Re: Fidelity Donor Advised Fund

If I use a Fidelity DAF, can the fund's grants to charities (which I realize are really the DAF's grants, not mine, though they are based on my "recommendation") be associated with my name so that I personally get recognition for making the gift? I realize that this is not the important a...
by letsgobobby
Sun Jan 25, 2015 10:44 am
 
Forum: Personal Finance (Not Investing)
Topic: Fidelity Donor Advised Fund
Replies: 50
Views: 3344

Re: Time to stop driving for 85 yo MIL

kksmom wrote:Contact state DMV?

yep. Often there is a form to fill out. In the meantime hide the keys.
by letsgobobby
Sun Jan 25, 2015 10:39 am
 
Forum: Personal Consumer Issues
Topic: Time to stop driving for 85 yo MIL
Replies: 69
Views: 3573

Re: Rental Car Prices - is this the new normal ?

You can check costco prices without a membership. We pay for the membership itself with how much we save on car rentals.

Costcotravel.com
by letsgobobby
Sun Jan 25, 2015 9:57 am
 
Forum: Personal Consumer Issues
Topic: Rental Car Prices - is this the new normal ?
Replies: 53
Views: 3710

Re: Separate AA for 529 funds?

We have a prepaid tuition plan but separate from that we are 100% stocks. We have a hybrid model: if we needed more tax deferred space for a tax inefficient investment we wouldn't hesitate to use our 529s, but otherwise we keep them separate.
by letsgobobby
Sat Jan 24, 2015 9:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: Separate AA for 529 funds?
Replies: 10
Views: 486

Re: anyone here been to the Super Bowl?

Can't help you. Go hawks.
by letsgobobby
Fri Jan 23, 2015 9:51 pm
 
Forum: Personal Consumer Issues
Topic: anyone here been to the Super Bowl?
Replies: 20
Views: 2033

Re: I'm thinking about making very large 529 contributions A

surprising number of 529 haters here but as livesoft and I have maintained these aren't ideal for the middle class. But many Bogleheads are aspiring wealthy and the potential benefits of a 529 are impressive. For instance, even without state income tax, the federal estate tax free benefit for QHEEs ...
by letsgobobby
Fri Jan 23, 2015 1:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: I'm thinking about making very large 529 contributions ASAP
Replies: 63
Views: 4304

Re: Should I Declare Victory and Pack It In?

Wormwood, Thank you for starting this thread. I am new to this site as of yesterday and this is my first post. Your question and the thoughtful responses of the group has eased my mind. I am a 53 year old Anesthesiologist who last march was diagnosed with a very rare autoimmune disorder which attac...
by letsgobobby
Fri Jan 23, 2015 11:01 am
 
Forum: Investing - Help with Personal Investments
Topic: Should I Declare Victory and Pack It In?
Replies: 173
Views: 16545

Re: Best small-ish vehicle to pull trailer

Toyota highlander tows 5000. Dodge Durango tows 6200 and seats 6-7 but has an almost car like drive. I've researched a lot about trailers and tow vehicles and one thing that comes up constantly is to buy more tow vehicle than you think you'll need. Once you get a pop up it seems many folks soon want...
by letsgobobby
Fri Jan 23, 2015 9:22 am
 
Forum: Personal Consumer Issues
Topic: Best small-ish vehicle to pull trailer
Replies: 6
Views: 605

Re: HSA... any receipt savers?

I'll check my math later, but your latter point isn't necessarily correct. In my case, my plan including employer contributions, tax breaks, and lower HDHP premiums give me a $3500+ head start every year over using the PPO. After that, I still have deductibles and copays with the PPO, such that it i...
by letsgobobby
Thu Jan 22, 2015 3:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: HSA... any receipt savers?
Replies: 149
Views: 5862

Re: HSA... any receipt savers?

My simple math says: $6550 invested annually in an HSA at 5% return x 30 years = $618,725 $5550 invested annually in an HSA at 5% plus $1000 invested at 5% (not even accounting for tax drag) then taxed at 15% (and many folks are tak= $587,775 So we're talking $30,000 difference here (in inflated dol...
by letsgobobby
Thu Jan 22, 2015 2:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: HSA... any receipt savers?
Replies: 149
Views: 5862

Re: HSA... any receipt savers?

The end scenario is so varied I determined it not useful to demonstrate any given scenario. Sometimes CG is 0% at others it is 20% The HSA/Out of Pocket gets $20,000 tax free (built up) and has $126,948 as ordinary income tax (assuming no med expenses) The HSA/HSA paid has $42,485 CG and $103,083 a...
by letsgobobby
Thu Jan 22, 2015 11:05 am
 
Forum: Investing - Help with Personal Investments
Topic: HSA... any receipt savers?
Replies: 149
Views: 5862

Re: HSA... any receipt savers?

You also have to pay capital gains tax on that $42,xxx taxable amount.
by letsgobobby
Thu Jan 22, 2015 9:35 am
 
Forum: Investing - Help with Personal Investments
Topic: HSA... any receipt savers?
Replies: 149
Views: 5862

Re: HSA... any receipt savers?

how do you prove a negative? The absence of dental insurance? Maybe you're just saying you had no insurance. Maybe you're not showing the Tax Man your premiums statement and your EOB from that secret dental insurance. Anywho, I had a great system for record keeping. I scanned my receipts and stored ...
by letsgobobby
Thu Jan 22, 2015 12:29 am
 
Forum: Investing - Help with Personal Investments
Topic: HSA... any receipt savers?
Replies: 149
Views: 5862

Re: AOTC versus 529 plan

livesoft wrote:I'm already thinking of making sure that someone attends the summer session at college. :twisted:

might that someone be you?
by letsgobobby
Thu Jan 22, 2015 12:25 am
 
Forum: Personal Finance (Not Investing)
Topic: AOTC versus 529 plan [American Opportunity Tax Credit]
Replies: 40
Views: 2580

Re: I'm thinking about making very large 529 contributions A

From your previous posts, you already indicated you have a large 6 figure balance in your 529 plan + a prepaid tuition plan. I see you are seeking to bolster your estate planning. :wink: I am not, I'll pay my house off first. What's more illiquid - real estate I live in and use or a plan where it's...
by letsgobobby
Wed Jan 21, 2015 3:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: I'm thinking about making very large 529 contributions ASAP
Replies: 63
Views: 4304

I'm thinking about making very large 529 contributions ASAP

How about you?

Please answer the poll.

Please do not engage in prohibited discussion.

This is a 10 day poll.
by letsgobobby
Wed Jan 21, 2015 1:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: I'm thinking about making very large 529 contributions ASAP
Replies: 63
Views: 4304

Re: “How Does Aging Affect Financial Decision Making?”

About 2/3 of the risk for dementia is non-genetic, with the majority of that risk coming from lifestyle choices. On that note, the view of the future is decidedly grim. [Detailed medical discussion concerning the relationship of diabetes, obesity, effects of smoking, etc. to dementia removed by admi...
by letsgobobby
Wed Jan 21, 2015 12:34 pm
 
Forum: Investing - Theory, News & General
Topic: “How Does Aging Affect Financial Decision Making?”
Replies: 54
Views: 2749

Re: Adjusted Livesoft Income (ALI)

These are all helpful comments. Thanks! Perhaps a way to judge some compensation is that one can spend it on other things than it was intended for. For instance, the employer-paid part of health insurance cannot be taken out in cash and spent on other things. Nor can employer-provided housing. Sure...
by letsgobobby
Wed Jan 21, 2015 10:38 am
 
Forum: Personal Finance (Not Investing)
Topic: Adjusted Livesoft Income (ALI)
Replies: 31
Views: 3025

Re: Adjusted Livesoft Income (ALI)

If one gets free health care, then one is not spending money on health care, so I would not add free health care to the ALI. OTOH, if one is paying for health care through payroll deductions, they are spending that money on health care. I think you should include the part of your health care premiu...
by letsgobobby
Wed Jan 21, 2015 12:50 am
 
Forum: Personal Finance (Not Investing)
Topic: Adjusted Livesoft Income (ALI)
Replies: 31
Views: 3025

Re: “How Does Aging Affect Financial Decision Making?”

Cognitive processing speed declines possibly by your 30s but experience more than makes up the difference for years. Everyone's trajectory is different but 10% of 65+ and 40% of 85+ have frank dementia. Many more have mild cognitive change. The risks are real and you need a trustworthy surrogate dec...
by letsgobobby
Tue Jan 20, 2015 11:15 pm
 
Forum: Investing - Theory, News & General
Topic: “How Does Aging Affect Financial Decision Making?”
Replies: 54
Views: 2749

downhill ski boots question

Kids are picking up skiing so I'm doing it a bit more often - 3-6 times per year for now, possibly more as they get older. I have terrible feet in general and the rental boots at the mountain I go to are particularly uncomfortable and don't fit well - one size the toes barely fit but the ankles are ...
by letsgobobby
Tue Jan 20, 2015 1:40 am
 
Forum: Personal Consumer Issues
Topic: downhill ski boots question
Replies: 17
Views: 1002

Re: Fidelity Donor Advised Fund

As long as you keep less than $16,667 in the fund you keep your overhead fee to the $100 minimum. The mutual fund fees are nominal if you use their Spartan funds.
by letsgobobby
Mon Jan 19, 2015 7:58 am
 
Forum: Personal Finance (Not Investing)
Topic: Fidelity Donor Advised Fund
Replies: 50
Views: 3344

spousal or partner frugality comparison poll

Hypothesis: Bogleheads perceive themselves to be more frugal than their life partners.
by letsgobobby
Sun Jan 18, 2015 11:31 am
 
Forum: Personal Finance (Not Investing)
Topic: spousal or partner frugality comparison poll
Replies: 18
Views: 1810

Re: new tax law, IRA, annuities: good deal?

A private message pointed out the thread specifically about the new law:

http://www.bogleheads.org/forum/viewtop ... 2&t=142162
by letsgobobby
Sat Jan 17, 2015 2:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: new tax law, IRA, annuities: good deal?
Replies: 6
Views: 776

new tax law, IRA, annuities: good deal?

Barron's Penta describes a law passed in July (did not find earlier discussion): http://m.barrons.com/articles/annuity-novelties-1417222881?ref=/penta If you can't read it, the premise is that the IRS now permits you to avoid RMDs on up to $125k of your IRAs by purchasing a deferred income annuity w...
by letsgobobby
Sat Jan 17, 2015 1:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: new tax law, IRA, annuities: good deal?
Replies: 6
Views: 776

Re: How do I retire?

You've got a 1.5% withdrawal rate. You're done. Don't make this complicated or hard because it's not.

Have a great life.
by letsgobobby
Sat Jan 17, 2015 9:37 am
 
Forum: Personal Finance (Not Investing)
Topic: How do I retire?
Replies: 53
Views: 4690

Re: Please rate/advise my 40+yr investment portfolio

I knew you had a 100% stock portfolio even before opening your thread. The "40+ yr" portfolio" gave it away as rationalization for what is an extremely aggressive portfolio with 60+% downside risk. How old are you and what is your prior experience with 50% stock market declines? In ge...
by letsgobobby
Sat Jan 17, 2015 2:29 am
 
Forum: Investing - Help with Personal Investments
Topic: Rate/advise my 40+ year stock portfolio
Replies: 9
Views: 567

Re: Should I Declare Victory and Pack It In?

Another doc here hoping to split early though I'm 15 years younger than you. I suggest staying at your current position doing the minimum for about 6-12 months just to feel things out while you try living on the $100k you envision. I think you can do what you describe, but it will be safer to prove ...
by letsgobobby
Sat Jan 17, 2015 12:02 am
 
Forum: Investing - Help with Personal Investments
Topic: Should I Declare Victory and Pack It In?
Replies: 173
Views: 16545

Re: Why invest in International funds? It's a mystery

And I don't want 100% of my investments tied to the US Dollar. This is really key for me. My fixed income is 40% of my life savings and 100% in the USD. My stocks are 60% of my life savings but 60% international. All told, however, 64% of my life savings, plus my homes and job, are in the USD. That...
by letsgobobby
Fri Jan 16, 2015 4:58 pm
 
Forum: Investing - Theory, News & General
Topic: Why invest in International funds? It's a mystery
Replies: 121
Views: 10431

Re: Learning a NEW language - Foreign Service Inst

There's a web site called italki.com where you can connect with instructors around the world in various languages for online interactive sessions. I haven't tried it myself but it's an interesting idea. They have lists of 'professional instructors,' 'informal tutors,' and 'instant tutors.' Each ins...
by letsgobobby
Fri Jan 16, 2015 4:03 pm
 
Forum: Personal Consumer Issues
Topic: Learning a NEW language - Foreign Service Inst
Replies: 56
Views: 4492

Re: Valuation of I Bonds

Couple of questions on this note: 1. Is this a year to skip the $5k I bond purchase on a tax return? it will be before May 1, and it seems the return will be doggishly low. 2. Is this a year to skip I bonds altogether, and buy EE bonds instead (assume can hold for 20 years)? In 20 years I'll be 61.....
by letsgobobby
Fri Jan 16, 2015 1:56 pm
 
Forum: Investing - Theory, News & General
Topic: Valuation of I Bonds
Replies: 29
Views: 2918

Re: U.S. stocks in freefall

bonds are at new historic lows, notably including the 30 year. oil is down 60%. commodities are down, some at multi-year lows. Does this stuff happen without a deflationary recession soon to follow? the oil shock of the 80s didn't cause a deflationary recession. Well, maybe, I think the 91 recessio...
by letsgobobby
Thu Jan 15, 2015 8:53 pm
 
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 1195
Views: 221358

Re: Taxact ultimate version $6

but if your er is 8 bp to begin with, it's hard to find another one.
by letsgobobby
Thu Jan 15, 2015 5:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Taxact ultimate version $6 - DEAL OVER
Replies: 45
Views: 2717

Re: Taxact ultimate version $6

You know you've reached a certain point in your life when the prospect of saving $6.99 does not motivate you to create a new login and re-enter the data you've already entered for 2014. It was not so long ago when I would have done it in a heartbeat. That's apparently also the point in your life wh...
by letsgobobby
Thu Jan 15, 2015 5:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Taxact ultimate version $6 - DEAL OVER
Replies: 45
Views: 2717

Re: Taxact ultimate version $6

You know you've reached a certain point in your life when the prospect of saving $6.99 does not motivate you to create a new login and re-enter the data you've already entered for 2014. It was not so long ago when I would have done it in a heartbeat. That's apparently also the point in your life wh...
by letsgobobby
Thu Jan 15, 2015 4:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: Taxact ultimate version $6 - DEAL OVER
Replies: 45
Views: 2717

Re: U.S. stocks in freefall

bonds are at new historic lows, notably including the 30 year.

oil is down 60%.

commodities are down, some at multi-year lows.

Does this stuff happen without a deflationary recession soon to follow?
by letsgobobby
Thu Jan 15, 2015 4:20 pm
 
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 1195
Views: 221358

Re: Taxact ultimate version $6

You know you've reached a certain point in your life when the prospect of saving $6.99 does not motivate you to create a new login and re-enter the data you've already entered for 2014. It was not so long ago when I would have done it in a heartbeat.
by letsgobobby
Thu Jan 15, 2015 2:16 am
 
Forum: Personal Finance (Not Investing)
Topic: Taxact ultimate version $6 - DEAL OVER
Replies: 45
Views: 2717

Re: investing in community solar panels

more info - shares are yours to keep as long as you live in the county - we don't anticipate moving any time soon. They provided some additional info on the state incentive and payback potential through electricity generation as follows (per share): - estimated state incentive through 2020 = $160 - ...
by letsgobobby
Wed Jan 14, 2015 4:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: investing in community solar panels
Replies: 12
Views: 762

investing in community solar panels

My public utility district is offering the opportunity to buy shares of the utility's community solar project. The project is a '74.8 kW array with 272 ground-mounted photovoltaic panels." One share costs $100 and is described as "1/12 of one panel." A customer can buy up to 100 share...
by letsgobobby
Tue Jan 13, 2015 8:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: investing in community solar panels
Replies: 12
Views: 762

Re: Help!!! Dilemma on 457b

another vote for skipping 457b. We don't use mine. Taxable investing is pretty tax efficient.
by letsgobobby
Tue Jan 13, 2015 1:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help!!! Dilemma on 457b
Replies: 10
Views: 964

Re: Fidelity Donor Advised Fund

another very happy customer here.

Wish Vanguard would knock down the fees on their DAF for Voyager, Voyager Select, Flagship, etc. 60 bp is a lot to spend and Fido's DAF is just as good for the most, and with lower minimums, so even this fairly loyal Vanguarder has a Fido DAF.
by letsgobobby
Tue Jan 13, 2015 12:45 am
 
Forum: Personal Finance (Not Investing)
Topic: Fidelity Donor Advised Fund
Replies: 50
Views: 3344

Re: switch to Bank of America HSA

^^^ nice.

But I think I will just take the available VGTSX at BOA. Don't really want to have two HSAs floating around.
by letsgobobby
Mon Jan 12, 2015 8:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: switch to Bank of America HSA
Replies: 8
Views: 1040

Re: switch to Bank of America HSA

The fees are the deal breaker of course, at $5.50 per month on a $12k investment they're more than the expense ratios on the underlying ETFs.
by letsgobobby
Mon Jan 12, 2015 6:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: switch to Bank of America HSA
Replies: 8
Views: 1040
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