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It appears that the OP's father lives in NY. When I googled "filial support laws", NY did not show up as being one of the 29 states thst have these laws... Yes, that was pointed out above by G-Money too (with a link in his case). Thanks again. But there's nothing to prevent NYS from enact...

I did read it, and I did not make a fool of myself. Are there any filial support laws in the OP's state? Hmm.... Yes in fact there are filial support laws in PA. Hmm.... Umm... it doesn't matter where you live, it matters where your father lives. [Repeat of snarky comment removed by admin LadyGeek]

I did read it, and I did not make a fool of myself. Are there any filial support laws in the OP's state? Hmm....

You want protection from laws that don't exist? Interesting. Perhaps there was a reason why I didn't answer your question. [Snarky comment removed by admin LadyGeek] Er... http://www.forbes.com/sites/feeonlyplanner/2012/08/13/new-financial-burden-for-boomers-forced-to-pay-parents-long-term-care-bil...

You want protection from laws that don't exist? Interesting. Perhaps there was a reason why I didn't answer your question.

[Snarky comment removed by admin LadyGeek]

Talking to him doesn't help. He says that he will be happy to "live off social security" if it comes to that... I have no control over him throwing away his entire life savings in the next few years. So is there any way for a hardworking boglehead to protect themselves and their children'...

VictoriaF wrote:Specifically, I know many cases in which people "enjoy" work, because they do not have the energy or imagination to enjoy something else.

It is possible for someone to have the energy or imagination to enjoy something else, but they still enjoy what they do for a living.

Are you saying that you were able to insert another carrier's SIM in your phone and have it work in the Bahamas? That is the whole point of unlocking. No, I am not saying that. I am saying that my phone works on the local network (btc, formerly known as batelco) without any modifications at all, as...

To be able to use another cell carrier in the Bahamas and if you want to use your current phone, then you need to call up AT&T and ask them to unlock your phone. This is simply not true. I have AT&T, and I've been to the Bahamas, and my phone works there, and I never called AT&T to unlo...

Don46 wrote: Why not reform this system and protect investors/workers along with educating them?

Because the financial industry makes billions of dollars off of the current system.

I agree with what has already been said... Dave Ramsey is excellent at getting you out of debt and controlling your spending, and for that purpose, his course is well worth it. However, for investing advice, he falls short, and you should get the Bogleheads Guide to Investing, and the Guide to Retir...

If they called it the Aggregate Investment Grade Index, would that make you happier? I mean, it's in the summary, so, it shouldn't be taking anyone by surprise unless you are throwing darts at mutual fund pages. Eric That's a ridiculous argument. So if Vanguard had a fund that was called "Tota...

I seem to recall some analysis that showed one would get better returns with about 20-30% bonds than with a 100% stock portfolio. I think the analysis shows that having 20% bonds gives you a better *risk adjusted* return than having 100% stocks. The expected return for 100% stocks is higher, but yo...

I have no children. What am I supposed to do with my inheritance? Wait until my husband kicks it and them have a ROCKING 88th birthday? I agree, if you have no children, then it is sort of ridiculous to try and separate money from your spouse simply because it was inherited. I think after you get m...

But in a case like livesoft (and my own) where it has already been decided that everything is pooled together, what sense does it make to keep that one thing separate? What am I going to do with it, go on a cruise and not bring my husband along? Buy a fancy car that he can't drive? A vacation home ...

I don't think there is a clear answer to your question. It requires the famed crystal ball. I disagree, the poster asked if he or she can "expect" greater returns from 100% stocks, than some allocation including bonds. It does not require a crystal ball to answer that question, the answer...

American Express
Amazon
Publix
Marriott
Ruth's Chris (I do not go there frequently, but when I do, the service is excellent)

InvestorNewb wrote:If a person has the audacity to be invested in 100% stocks until ~10-15 years before retirement, can they expect a better annualized return than someone who holds their age or another method in bonds?

Yes, they can expect a better return. They may not get it, but they can expect it.

Bad news sells better than good news. Think about it.

SPG8 wrote:Another ridiculous thread.

If you think it's ridiculous, then don't respond.

Studies have shown that most people either save nothing for retirement, or save very little, so I think the most common retirement planning mistake is to fail to save enough.

It seems like "actively" managed accounts get more oversight, so they may have a better chance to avoid disaster. This is a triumph of marketing for active managers. In fact, there is no evidence that active management outperforms during bear markets> It sure sounds good, though. Rick Fer...

I'm turning 30 in August. Haven't written a post here in a couple of years. I made a few mistakes thus far notably buying a house in 2006, trying to pay it off versus dumping it and most recently losing 30k when I got into trading stocks couple of years ago. Fortunately I've had steady decent payin...

Out of the epochal economic collapse has emerged investors who have embraced frugality and adopted more positive financial behaviors, according to a survey released Wednesday. Despite the hardship and significant personal financial losses investors suffered, the crisis compelled them to adopt positi...

I think being a boglehead and managing real estate don't go well together because one of the principles of boglehead investing is keeping your investments as simple, low maintenance and low cost as possible, and managing real estate is neither simple, low maintenance, or low cost.

You are not being paranoid, it is time to move on. You will eventually learn that arguing with the Ameriprise guy is futile because it is difficult to convince a man of something if his livelihood depends on not being convinced. Move on and don't look back.

PITI = 13%. (15 year mortgage)

I wouldn't do it. Maybe I'm old fashioned, but marriage means more to me than that. Some things in life are just more important than dollar signs on an account statement.

I'm not sure I understand your question. You can give as much as you want to anyone you want up to the annual exemption amount without having to fill out any forms, so yes, it would pass muster.

Do not let the tax tail wag the common sense dog.

thebigad wrote:Just did it.

Follow up question: I have some individual stocks I bought about 10 years ago that are in a brokerage account. Some are in positive territory, others are not. They don't incur any expenses, other than posting dividends. Would you get rid of those, too?

Yes.

I would pay cash.

I make way more than the "average" Dr. and will be around $1.5M at age 40. However, I have 3 kids who I would spend every penny on and a wife who has been at home for the ast 8 years. Take those things awayand I'd be well over $3M by 40. The biggest wealth destroyer for someone in your po...

According to Vanguard, who knows more about investing than any of us, it makes sense to consider international bonds as part of a broadly diversified portfolio, especially if you have a longer time horizon. The lack of correlation with U.S. markets gives international bonds the potential to help re...

The easiest way to reduce your tax bill is to earn less money.

You can say 8% all you want, but the fact is that most financial professionals estimate about 5% and most financial economists think that 3-3.5% is more accurate. So either way you go, you are way over estimating. Estimates are just that... estimates. Nobody knows whether I am over estimating or un...

The conventional wisdom says that HY corporate bonds contain an "equity-like" component. You don't want an equity-like risk in your "safe" bond allocation. Based upon my interpretation of prevailing Boglehead philosophy, an appropriate asset allocation distinguishes stocks from ...

The total stock market index fund has an average annual return of 8.73% since 1992, the S&P 500 index fund has an average annual return of 10.65% since 1976, and the Windsor fund has an average annual return of 11.29% since 1958. All of these returns include the stock market crash of 2000, and t...

According to Vanguard, who knows more about investing than any of us, it makes sense to consider international bonds as part of a broadly diversified portfolio, especially if you have a longer time horizon. The lack of correlation with U.S. markets gives international bonds the potential to help red...

Shilo777 wrote:“Vanguard ONLY sells their funds through Vanguard. You have to deal direct with them and their 800#. You cannot buy them through xxxxxx or any other firm, except Vanguard.

This is not true, but even if it were true, so what?

You should finish reading the Boglehead's Guide to Investing, and then come back with any questions when you are done.

Do not get into a debate with your financial advisor, because, as Upton Sinclair said.... "it is difficult to get a man to understand something, when his salary depends on him not understanding it."

Your missive has been educational for me. I've thought that that reason that advisors like to send LONG, complicated looking monthly reports is to keep one "fully apprised". I see now it is to baffle with BS as much as possible to keep one thinking there is no way to do it oneself. It's a...

The safest thing is to work full-time until you die, then you'll never have to worry about your portfolio running out of money. This happens more often than the folks on this board are willing to admit. The people who are retired are able to post about their experience withdrawing money from their ...

Welcome to the forum. You came to the right place for the best, most unbiased investment advice anywhere. (Ok, I know I'm biased, but it's true) First, congratulations on having over one million dollars saved up, and having no debt, that is a great accomplishment, and you should be proud. But, you h...

I think if you have to post a question on an internet forum about whether you should settle down with someone and start a family with someone... then the question answers itself.

Despite the difficulty in understanding what the heck she was thinking, at least in terms of looking at her debt-income ratio, she is very low-maintenance and thrifty. Umm... you are in denial. If she makes 65k, and her debt is over 300k (she probably has more debt), then her debt-income ratio is l...

Corruption of various sorts here also; the sub-prime mortgage crisis and politicians paid off to change regulations to enable the funny-business to happen. But at least we have more insight into US policies and laws. In fact, I'm so confident of this that I'm willing to bet 25 cents that the busine...

SteveNet wrote:The intentions of the OP aside, I was answering the question posed in the Topic title.

That is not a good practice.

In the US, the rules state that bond-holders have priority over stock-holders when a company goes bust. I wouldn't presume to know what actually happens in a corrupt 3rd-world country when something similar happens. My guess is that corrupt politicians get paid off first... Wow. So every emerging m...