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Re: My husband's " WILL", $ left for me to live on....

How much of that $7 million net worth accrued after you were married 11 years ago? What state do you live in? Is there a prenuptial agreement? His net worth is created before our marriage. Mine(house and $100000) is created by me before the marriage also. can't be the whole story. What is happening...
by letsgobobby
Thu Aug 28, 2014 3:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: My husband's " WILL", $ left for me to live on....
Replies: 144
Views: 5546

Re: My husband's " WILL", $ left for me to live on....

How much of that $7 million net worth accrued after you were married 11 years ago? What state do you live in? Is there a prenuptial agreement?
by letsgobobby
Thu Aug 28, 2014 1:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: My husband's " WILL", $ left for me to live on....
Replies: 144
Views: 5546

Re: New vehicle...GMC Acadia, Chevy Traverse, or Buick Encla

Letsgobobby, I can't tell you if that is a normal amount to be expected for wear and tear. I just know that as vehicles get older, we will see an increase in the amount of repairs that need to get done; repair costs will be go up. But, the saying goes, it's still cheaper to drive an older car that ...
by letsgobobby
Thu Aug 28, 2014 11:52 am
 
Forum: Personal Consumer Issues
Topic: New vehicle...GMC Acadia, Chevy Traverse, or Buick Enclave?
Replies: 111
Views: 9271

Re: Hit a financial milestone at an age milestone

The most expensive part of living in NorCal is housing and their house cost $250k. So their cost of living is not actually that high.
by letsgobobby
Thu Aug 28, 2014 2:38 am
 
Forum: Personal Finance (Not Investing)
Topic: Hit a financial milestone at an age milestone
Replies: 50
Views: 4471

Re: pay health bill from HSA or from checking?

yes, the HSA is most clearly advantageous for married couples while for singles the risks are higher, enough so that I agree delaying withdrawals beyond the current year is not necessarily wise. However I disagree that HSAs aren't valuable for lower income taxpayers. While LTCG are 0% for those taxe...
by letsgobobby
Thu Aug 28, 2014 1:05 am
 
Forum: Personal Finance (Not Investing)
Topic: pay health bill from HSA or from checking?
Replies: 62
Views: 2997

Re: Hit a financial milestone at an age milestone

I was scratching my head at first, but after the OP's long clarifying post, it all adds up just fine for me. I guessed there was a real estate factor and he confirmed that. By his own admission he got lucky on that one and has realized the potential of significant gains...but to really capture that...
by letsgobobby
Thu Aug 28, 2014 12:55 am
 
Forum: Personal Finance (Not Investing)
Topic: Hit a financial milestone at an age milestone
Replies: 50
Views: 4471

Re: Hit a financial milestone at an age milestone

These threads always generate a predominance of congratulatory responses and a few skeptics. It just goes to show you that it's not how much you make, it's how much you spend: if you make $200k per year and spend $75k you'll simply be much further ahead than if you make $200k and spend $125k. Congra...
by letsgobobby
Wed Aug 27, 2014 10:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Hit a financial milestone at an age milestone
Replies: 50
Views: 4471

Re: New vehicle...GMC Acadia, Chevy Traverse, or Buick Encla

My 120k mile 2006 RAV4 just had a brake booster go out. $1200 to repair. It previously had a steering shaft go out; $600. My 2012 Prius had the steering shaft go out 3 times (under warranty) but now seems to have a permanent fix. Is this the normal amount of wear and tear to be expected from vehicle...
by letsgobobby
Wed Aug 27, 2014 2:04 pm
 
Forum: Personal Consumer Issues
Topic: New vehicle...GMC Acadia, Chevy Traverse, or Buick Enclave?
Replies: 111
Views: 9271

Re: New vehicle...GMC Acadia, Chevy Traverse, or Buick Encla

Rumors are that it will become a jeep grand wagoneer.
by letsgobobby
Tue Aug 26, 2014 11:15 pm
 
Forum: Personal Consumer Issues
Topic: New vehicle...GMC Acadia, Chevy Traverse, or Buick Enclave?
Replies: 111
Views: 9271

Re: pay health bill from HSA or from checking?

I personally vote for paying from HSA. I really wouldn't want to store receipts for 20+ years. It's not just the receipts - the way I read the IRS pubs, you would open yourself up to 20 years of audits, so you need all receipts, because you have to be able to show that you have not deducted this ex...
by letsgobobby
Tue Aug 26, 2014 4:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: pay health bill from HSA or from checking?
Replies: 62
Views: 2997

Re: Fidelity Charitable Fund Questions

Another user of Fido's DAF here. It's been pointed out, and worth remembering, that you pay 0.6% in addition to underlying fund costs on these accounts. So not a good idea to store money there long term. If you are also a Fido brokerage customer they will sometimes waive this fee. I haven't figured...
by letsgobobby
Tue Aug 26, 2014 12:32 am
 
Forum: Investing - Help with Personal Investments
Topic: Fidelity Charitable Fund Questions
Replies: 31
Views: 1600

Re: Have I put too much into the 529 plan?

Could you explain how you have the option to withdraw the contribution amount(s) and just let the interest compounded over time remain in the 529--and NOT incur a penalty? I have done reading about the Utah 529 which we are opening for a grandson and couple of other 529s and saw nothing about that ...
by letsgobobby
Mon Aug 25, 2014 3:28 pm
 
Forum: Investing - Theory, News & General
Topic: Have I put too much into the 529 plan?
Replies: 38
Views: 6606

Re: Earthquake Preparedness

I think a $1.8 million loss will be a much bigger killer when it comes. People are just gambling I think but it wouldn't be kosher per forum policy to say what they might be gambling on.
by letsgobobby
Mon Aug 25, 2014 9:57 am
 
Forum: Personal Consumer Issues
Topic: Earthquake Preparedness
Replies: 39
Views: 1978

Re: Earthquake Preparedness

I live in Washington and have earthquake insurance. I'm impressed. Is this common in the Pacific Northwest? It boggles my mind that so many Californians don't have it, but I guess it is much more expensive there? Yes, very uneconomical. How uneconomical? My policy has (I think) a 30% deductible: it...
by letsgobobby
Mon Aug 25, 2014 2:48 am
 
Forum: Personal Consumer Issues
Topic: Earthquake Preparedness
Replies: 39
Views: 1978

Re: Earthquake Preparedness

I live in Washington and have earthquake insurance. It boggles my mind that so many Californians don't have it, but I guess it is much more expensive there? And I guess they know something I don't, as far as who will ultimately foot the bill for damages and repairs.
by letsgobobby
Mon Aug 25, 2014 12:11 am
 
Forum: Personal Consumer Issues
Topic: Earthquake Preparedness
Replies: 39
Views: 1978

Re: Taking Advantage of Lower Tax Rates

It's basically a good plan. What will your tax rate be once RMDs begin? Also if there are plans to leave money to heirs or charity once you die, some of that money will never be taxed so converting even at 15% is too much.
by letsgobobby
Sun Aug 24, 2014 2:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Taking Advantage of Lower Tax Rates
Replies: 4
Views: 712

Re: Need some Boglehead advice ...

I could see one scenario in which you may have both S&P500 and Total Stock Market in the the same taxable account. This could materialize when there is a steep market decline and you would want to tax loss harvest but want to keep you overall asset allocation the same. In such a scenario, you m...
by letsgobobby
Sun Aug 24, 2014 1:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need some Boglehead advice ...
Replies: 14
Views: 1282

Re: Kitces - Think Twice about those Conversions

Kitces rational against Roth conversions include thoughts about future potential changes to the tax code, which he points out are not likely in any near time legislative action. Potential means of increasing income taxes are listed as follows. 1. Expand the tax base by taxing more types of income/t...
by letsgobobby
Sun Aug 24, 2014 10:17 am
 
Forum: Investing - Theory, News & General
Topic: Kitces - Think Twice about those Conversions
Replies: 15
Views: 2927

Re: I need "Ultra High Net Worth" investing advice please

The principles of investing $50,000 and $50,000,000 aren't very different. In fact they're practically identical. Recommend keeping things simple, using all munis for your bonds and enough stocks so your investment beats inflation over the long term. Basically have some cash/CDs, some municipal bon...
by letsgobobby
Sat Aug 23, 2014 5:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: I need "Ultra High Net Worth" investing advice please
Replies: 215
Views: 15122

Re: Is it me, or are "collectibles" worthless in 2014?

And as a result of the above factors, while there are still markets for collectibles, the items in question fare better if they are complete sets and in pristine condition. For instance unopened pristine Star Wars action figures still have a decent market, whereas your childhood toy junked up with a...
by letsgobobby
Sat Aug 23, 2014 5:19 pm
 
Forum: Personal Consumer Issues
Topic: Is it me, or are "collectibles" worthless in 2014?
Replies: 79
Views: 5973

Re: Pay cash for flight on sale, or use FF mileage quandry

It is a pity you don't have AA miles. Off-peak (October 1 – April 30) to Japan is only 50k round trip. Diversify, diversify, diversify! As others have noted, miles are a currency and the savvier you are about the applicable exchange rates the more value you can extract. Given what you have written,...
by letsgobobby
Sat Aug 23, 2014 11:15 am
 
Forum: Personal Consumer Issues
Topic: Pay cash for flight on sale, or use FF mileage quandry
Replies: 29
Views: 1947

Re: Question about wiki, SS taxation

I can't believe how befuddling I find this whole concept. Let me get to the heart of the question I really want to ask: How much income other than SS income would one need to have before the 'taxability' of SS benefits maxes out? Add up other earned income, tax-exempt income, taxable investment inco...
by letsgobobby
Sat Aug 23, 2014 10:14 am
 
Forum: Personal Finance (Not Investing)
Topic: Question about wiki, SS taxation
Replies: 8
Views: 1054

Re: Rain Jacket Recommendations

In many years (two decades now) of serious hiking and backpacking, I have never found the 'perfect' waterproof breathable rain gear. I also have not been willing to pay upwards of $300 per piece so who knows what is out there in $750 suit range. Not my style regardless. The reality is if you are hik...
by letsgobobby
Sat Aug 23, 2014 12:13 am
 
Forum: Personal Consumer Issues
Topic: Rain Jacket Recommendations
Replies: 29
Views: 1712

Re: HELOC + Margin = $200k to play with

All on health care, obviously.
by letsgobobby
Fri Aug 22, 2014 10:27 am
 
Forum: Investing - Help with Personal Investments
Topic: HELOC + Margin = $200k to play with
Replies: 24
Views: 1755

Re: Vanguard Agent Authorization

Agent authorization isn't complete or adequate. I cannot view my wife's retirement accounts when I log into my Vanguard account. Not completely true at least in my case. I have requested a "family view" so when I log on I can see my IRA, wife's IRA, and joint taxable account. I can't make...
by letsgobobby
Thu Aug 21, 2014 2:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard Agent Authorization
Replies: 40
Views: 2591

Re: How to weather market downturn with a high chance of lay

...given the fact that during boom years we tend to have more money to invest, whereas in downturns we tend to have less (due to layoffs, less work for freelancer, etc.) In other words, in theory all the highs and lows will balance out. But in practice, we tend to invest more during highs and less ...
by letsgobobby
Thu Aug 21, 2014 9:55 am
 
Forum: Investing - Theory, News & General
Topic: How to weather market downturn with a high chance of layoff
Replies: 42
Views: 3179

Re: Vanguard Agent Authorization

Agent authorization isn't complete or adequate. I cannot view my wife's retirement accounts when I log into my Vanguard account. Similarly 529s can only have a single owner so not viewable from both accounts. Furthermore as others have written my wife has zero interest in managing her own investment...
by letsgobobby
Thu Aug 21, 2014 9:52 am
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard Agent Authorization
Replies: 40
Views: 2591

Re: Implementing Two-Factor Authentication for Fidelity Acco

The rep didn't say yes or no, he just sounded completely clueless. "Two what...?" Is there a department I should be talking to? Call Fidelity at: (800) 673-2938. This will take you directly to the right group. If you want to talk to your regular account executive use this phrase: "Sy...
by letsgobobby
Thu Aug 21, 2014 9:27 am
 
Forum: Personal Finance (Not Investing)
Topic: Implementing Two-Factor Authentication for Fidelity Accounts
Replies: 48
Views: 11170

Re: How much do you plan to save in your 529 plan?

We are fortunate to be able to fill up all our tax advantaged retirement space. As others have said I'd recommend filling that first in most cases. We view all our portfolios as one and so with a daughter who will very likely go to college the 529 is a way to expand our tax sheltered space. We can ...
by letsgobobby
Wed Aug 20, 2014 3:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much do you plan to save in your 529 plan?
Replies: 60
Views: 6769

Re: Roth questions from an MD

I had a chance this morning to read EmergDoc's link regarding very high income earners. His point, as I understand it, is that someone earning close to $1 million a year (give or take) for a lot of years is probably going to be in the 39.6% tax bracket in retirement anyway. If that is the case, he ...
by letsgobobby
Fri Aug 15, 2014 12:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Roth questions from an MD
Replies: 28
Views: 2151

Re: Is the goal in sight? Should I relax?

How much do you spend each year?
by letsgobobby
Thu Aug 14, 2014 5:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is the goal in sight? Should I relax?
Replies: 19
Views: 2317

Re: Need advice on 529s and Texas guaranteed tuition plan

why do you want to do what you propose?

In my mind Texas prepaid tuition plans are not trustworthy. I wouldn't keep longer than required.
by letsgobobby
Thu Aug 14, 2014 5:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Need advice on 529s and Texas guaranteed tuition plan
Replies: 6
Views: 435

Re: A new stock index: companies with happy employees

controlled for size, profitability, and momentum factors?
by letsgobobby
Thu Aug 14, 2014 2:14 pm
 
Forum: Investing - Theory, News & General
Topic: A new stock index: companies with happy employees
Replies: 23
Views: 2092

Re: Help with investing for children

great idea, except she already wrote she is maxing out all retirement accounts. Given the stipulations, your options are a UTMA/UGMA, or a trust if you want control after age of majority. You could also just leave the money in your own accounts and keep a separate ledger, but it sounds like you want...
by letsgobobby
Wed Aug 13, 2014 9:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with investing for children
Replies: 25
Views: 1706

Re: Are hospitals allowed to do this?

Who provided you the original quote? The doctor, the hospital, or the lab? Each entity is likely its own business, and bills and collects separately for its portion of service provided.
by letsgobobby
Tue Aug 12, 2014 7:43 pm
 
Forum: Personal Consumer Issues
Topic: Are hospitals allowed to do this? [Costs quoted vs. actual]
Replies: 85
Views: 5762

Re: Should I "super-fund" my 529 for my kids?

You have $165k today. If you don't 'superfund' your 529, what will you do with the money? Always ask what the alternative is. Thanks for the advice all, very helpful. I have the ~$165K today so the alternate plan would be to put it into a taxable account. In that case, if you are not concerned abou...
by letsgobobby
Tue Aug 12, 2014 3:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I "super-fund" my 529 for my kids?
Replies: 13
Views: 1351

Re: Should I "super-fund" my 529 for my kids?

You have $165k today. If you don't 'superfund' your 529, what will you do with the money?

Always ask what the alternative is.
by letsgobobby
Tue Aug 12, 2014 1:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I "super-fund" my 529 for my kids?
Replies: 13
Views: 1351

Re: Moving Accounts to Vanguard

If you have a lot of gains in your taxable accounts, you may not want to sell, which would trigger taxes. It might be worth just investing new money passively. You can crunch the numbers on this - on the one hand, X higher fees over Y number of years on Z number of dollars vs the A capital gains rea...
by letsgobobby
Mon Aug 11, 2014 1:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: Moving Accounts to Vanguard
Replies: 9
Views: 1175

Re: Going 60+% international? (US resident)

Nathan I am right there with you. I have been 60% international since November 2013. Well, you can see how well that has worked. Nevertheless I believe at least 50% is right for a youngish accumulator so I'll be sticking with this for many years barring a radical reset in valuations.
by letsgobobby
Sat Aug 09, 2014 12:56 am
 
Forum: Investing - Theory, News & General
Topic: Going 60+% international? (US resident)
Replies: 83
Views: 5940

Ron Lieber NY Times article online security

http://www.nytimes.com/2014/08/09/your-money/how-to-thwart-hackers-from-financial-accounts.html?hp&action=click&pgtype=Homepage&version=HpSum&module=second-column-region&region=top-news&WT.nav=top-news&_r=0# Ron LIeber (one of the 'good guys' in my opinion) wrote an artic...
by letsgobobby
Fri Aug 08, 2014 4:17 pm
 
Forum: Personal Consumer Issues
Topic: Ron Lieber NY Times article online security
Replies: 2
Views: 605

Re: Vanguard computer security

I just went through this because our house was broken into and my social security card and computing device previously used to access accounts was stolen. Vanguard offers - - a secret password on account without which even with SSN, address, and answer to security questions you cannot access account...
by letsgobobby
Fri Aug 08, 2014 10:03 am
 
Forum: Investing - Theory, News & General
Topic: Vanguard computer security
Replies: 67
Views: 3638

Re: HSA Strategy for high income earners

Even then, it's better to use it for health-related expenses, to get the tax benefit. Most of us have plenty enough of those after 65... Agreed. The point I was trying to make is that I don't understand all the angst relating to saving the current receipts, recordkeeping, what not... You'll either ...
by letsgobobby
Thu Aug 07, 2014 4:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: HSA Strategy for high income earners
Replies: 79
Views: 5547

Re: How many Accounts do you log into and how do you manage?

I've been using Dashlane. Pretty happy with it - occasionally gimmicky but when it works most of the time it's a thing of beauty.
by letsgobobby
Thu Aug 07, 2014 1:37 am
 
Forum: Personal Consumer Issues
Topic: How many Accounts do you log into and how do you manage?
Replies: 52
Views: 2533

Re: Should i Buy a new car

I tihnk you have it backwards. Save 40% of your gross this year. *after* that, buy a new car. Don't buy a new car, then *plan* to save 40% of your gross. Do you also have any student loan debt? I fear you've gotten on the spending treadmill before you've even really got going. With your income you c...
by letsgobobby
Tue Aug 05, 2014 9:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should i Buy a new car
Replies: 87
Views: 3964

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

I'm not going to worry too much about the documentation. We keep scanned copies of all bills and the receipts showing they were paid; and the EOBs. Will keep our tax returns including all the schedules indefinitely but don't plan to keep any other documentation.
by letsgobobby
Tue Aug 05, 2014 4:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: How do you document your HSA "stuff?"
Replies: 38
Views: 2176

Re: average American eats out 203 times per year

I'm not pointing out anyone in particular here, but it is funny how certain people will defend to their death how important a difference in a .03 an ER is and yet plink down anyware from $6 to $12 a day every work day for lunch. No relationship at all. Paying more for a mutual fund doesn't buy bett...
by letsgobobby
Tue Aug 05, 2014 2:32 pm
 
Forum: Personal Consumer Issues
Topic: average American eats out 203 times per year
Replies: 105
Views: 6407

Re: Front load 529 or pace over time ?

What do you plan to do with the second $7000 if you don't invest it in the 529?
by letsgobobby
Tue Aug 05, 2014 12:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: Front load 529 or pace over time ?
Replies: 6
Views: 598

Re: New vehicle...GMC Acadia, Chevy Traverse, or Buick Encla

Many sources including Consumer Reports have spoken admirably of the improvements in American cars over the last few years. That said market perceptions evolve slowly, and it's common for those who don't keep up with the industry to continue to lump all "Japanese" manufacturers or "Am...
by letsgobobby
Tue Aug 05, 2014 10:10 am
 
Forum: Personal Consumer Issues
Topic: New vehicle...GMC Acadia, Chevy Traverse, or Buick Enclave?
Replies: 111
Views: 9271

Re: New vehicle...GMC Acadia, Chevy Traverse, or Buick Encla

The 2014 is a substantially different vehicle. I think you may be confused on this point. 2014 was not a complete remodel year for the Durango. It has the same engine and drivetrain as the 2012. The 2014 has simply added a few more gadgets. This is the same vehicle that consumer reports is referrin...
by letsgobobby
Tue Aug 05, 2014 12:53 am
 
Forum: Personal Consumer Issues
Topic: New vehicle...GMC Acadia, Chevy Traverse, or Buick Enclave?
Replies: 111
Views: 9271

Re: HSA Strategy for high income earners

Keep in mind an additional HSA benefit is that you pay no payroll taxes on it. This is just a marginal benefit (1.45 % medicare tax) for those above the social security tax limit. But that makes it better than any ira or 401k on which payroll taxes must be paid. You aren't tied to your employer's H...
by letsgobobby
Mon Aug 04, 2014 9:34 am
 
Forum: Investing - Help with Personal Investments
Topic: HSA Strategy for high income earners
Replies: 79
Views: 5547
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