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Re: FORUM REACHES 2,000,000 POSTS TODAY

You can sort the member list by post count - just click on the heading, double-click to reverse the order. Here it is, sorted in decending order: Members To find the zeros, don't reverse the order, i.e., click once, not twice (although three clicks works as well). Now I am waiting for LG (or anyone...
by sscritic
Wed Apr 23, 2014 5:46 pm
 
Forum: Forum Issues and Administration
Topic: FORUM REACHES 2,000,000 POSTS TODAY
Replies: 52
Views: 1456

Re: Inheritance Issue

You mentioned you live in a community property state. You didn't say it, but you hinted very mysteriously with your sly reference to commingled that she does as well. Is that true?
by sscritic
Wed Apr 23, 2014 5:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Inheritance Issue
Replies: 15
Views: 757

Re: Inheritance Issue

Seriously, if you don't trust your daughter* and her husband, give the money to their children. That way, you know that their father won't spend it, although he may try and borrow some. I asked my father to leave a substantial part of my inheritance directly to my children (although not because I do...
by sscritic
Wed Apr 23, 2014 5:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Inheritance Issue
Replies: 15
Views: 757

Re: Gift Tax Annual Exclusion ($14000)

Don't confuse the lifetime credit, which is used to offset any tax due until it is all used up, with the equivalent dollar amount of gift that would produce a tax equal to the lifetime credit. For 2013, the credit is $2,045,800, which is the tax on $5,250,000 of taxable gifts. [From Table of Basic E...
by sscritic
Wed Apr 23, 2014 5:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Gift Tax Annual Exclusion ($14000)
Replies: 9
Views: 499

Re: Inheritance Issue

In most states, your daughter can own separate property. The issue is her will (not yours). If she wants to keep it separate, she can. If she wants to give it all to him, she can. Where I live, gifts and inheritances are both separate property. You die, and she will own the property as her own. She ...
by sscritic
Wed Apr 23, 2014 4:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Inheritance Issue
Replies: 15
Views: 757

Re: Gift Tax Annual Exclusion ($14000)

When I bought my house, I sold shares at Vanguard and transferred the money to my checking account. The lender wanted to see the last statement from Vanguard, but that was the quarterly statement from before the transfer. They then wanted to see the next statement with the transfer shown, but that w...
by sscritic
Wed Apr 23, 2014 4:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Gift Tax Annual Exclusion ($14000)
Replies: 9
Views: 499

Re: Gift Tax Annual Exclusion ($14000)

If your parents give your daughter money and you use the money for the house,

1) will she be a co-owner of the house, or
2) will she lend it to you and you will pay her back later, or
3) will you steal it from her?

P.S. When my grandfather gave my daughter money, it was hers, not mine.
by sscritic
Wed Apr 23, 2014 3:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Gift Tax Annual Exclusion ($14000)
Replies: 9
Views: 499

Re: Gift Tax Annual Exclusion ($14000)

My parents have suggested gifting us some money ... The question is how much can my parents lend us? Give or lend? There is no limit on how much they can lend you, at least not in the gift tax part of the tax code. What the lender will do when the lender knows that you have borrowed $200,000 from y...
by sscritic
Wed Apr 23, 2014 2:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Gift Tax Annual Exclusion ($14000)
Replies: 9
Views: 499

Re: Savings Rate what do you include?

Forget the house and mortgage. Last month I spent $100 using my credit card to buy something. This month I spent $100 to pay off the credit card. The one thing I am sure of is that the item didn't cost me $200. The spending was either last month, in which case I saved $100 this month, or things you ...
by sscritic
Wed Apr 23, 2014 2:16 pm
 
Forum: Investing - Theory, News & General
Topic: Savings Rate what do you include?
Replies: 36
Views: 2068

Re: Savings Rate what do you include?

I can't see paying down debt as being "savings", the debt represents money that has already been spent = spending... When you bought a house for $200,000 borrowing $150,000, did you count it as spending (negative savings) of $200,000 or $50,000? One method of accounting: when you bought t...
by sscritic
Wed Apr 23, 2014 1:57 pm
 
Forum: Investing - Theory, News & General
Topic: Savings Rate what do you include?
Replies: 36
Views: 2068

Re: Question about Mututal Fund Apps

If your phone will be the only computer you can access, then it makes sense that things other people do on computers other than phones you will do on your phone.
by sscritic
Wed Apr 23, 2014 1:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: Question about Mututal Fund Apps
Replies: 6
Views: 199

Re: Question about Mututal Fund Apps

I am with PJW, but then I am retired and on my computer most of the day, posting here and watching Chinese soap operas. I don't need to do these things on my phone, not that I have one. P.S. I do have an iPod touch, and I have five Chinese soap opera apps on it, but no financial apps. First things f...
by sscritic
Wed Apr 23, 2014 1:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: Question about Mututal Fund Apps
Replies: 6
Views: 199

Re: Vanguard merging TM G&I fund into Vanguard S&P Index 500

When this was announced on October 16, 2013, there was some discussion, although most of it focused on the merger of the Developed Markets Index Fund and the Tax-Managed International Fund. That merger was completed earlier this month. On April 4, 2014 the Tax-Managed International Fund absorbed the...
by sscritic
Wed Apr 23, 2014 12:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard merging TM G&I fund into Vanguard S&P Index 500 fd
Replies: 2
Views: 281

Re: Does 529 really hurt the chance to get financial aid?

Note that the question was in the section to be answered by the student. When my children were in college, the received money every year from their grandfather (as did all their cousins). If asked to report any money received not reported elsewhere, I would hope that they would remember the generosi...
by sscritic
Wed Apr 23, 2014 12:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Does 529 really hurt the chance to get financial aid?
Replies: 50
Views: 2386

Re: Does 529 really hurt the chance to get financial aid?

Perhaps some students were confused about what it meant when someone else paid their tuition. "Was that a bill paid on my behalf?" Duh! Well, they did feel the need to clarify. Especially the 529 point. Then you have the point about FAFSA versus other methods used. Then you have the quest...
by sscritic
Wed Apr 23, 2014 11:19 am
 
Forum: Personal Finance (Not Investing)
Topic: Does 529 really hurt the chance to get financial aid?
Replies: 50
Views: 2386

Re: Does 529 really hurt the chance to get financial aid?

Well, I just looked at last year's form (2013-2014) and it did not have all that information you posted. I then looked at this year's form (2014-2015) and it did. So depending upon when one read the form, the information may not have been so clear. It sounds like it is better for a grandparent to g...
by sscritic
Wed Apr 23, 2014 10:59 am
 
Forum: Personal Finance (Not Investing)
Topic: Does 529 really hurt the chance to get financial aid?
Replies: 50
Views: 2386

Re: Why a million may not be enough

According to bank rate, you could get 6% on a 5 year CD in 2000 or $60,000 on a million, without an annuity in sight. Yes, that's not $70k and was slightly more than 12 years ago, so shoot me.
by sscritic
Wed Apr 23, 2014 10:39 am
 
Forum: Personal Finance (Not Investing)
Topic: Why a million may not be enough
Replies: 28
Views: 2934

Re: Does 529 really hurt the chance to get financial aid?

I have never filled out a FAFSA, but I can read. Money received, or paid on your behalf, also includes distributions to you (the student beneficiary) from a 529 plan that is owned by someone other than you or your parents (such as your grandparents, aunts, and uncles) . You must include these distri...
by sscritic
Wed Apr 23, 2014 10:32 am
 
Forum: Personal Finance (Not Investing)
Topic: Does 529 really hurt the chance to get financial aid?
Replies: 50
Views: 2386

Re: Monthly Rental in Southern Calif.

http://sandiego.craigslist.org/nsd/apa/

I am sure that some do month to month.

Beach Condo 2 Bed 2 Bath, On the Ocean, Month $2495 or Week $895 2br - 950ft² - (North County San Diego) pic
by sscritic
Wed Apr 23, 2014 10:13 am
 
Forum: Personal Consumer Issues
Topic: Monthly Rental in Southern Calif.
Replies: 6
Views: 430

Re: Does 529 really hurt the chance to get financial aid?

This is the basis of advice to only put 1 year's tuition in the 529 and spend it all in the grandkid's senior year, not before. Doing so also means you don't waste your money on a dropout (at least one that drops out before the senior year). If only the 529 could be used as a graduation bonus. :)
by sscritic
Wed Apr 23, 2014 10:09 am
 
Forum: Personal Finance (Not Investing)
Topic: Does 529 really hurt the chance to get financial aid?
Replies: 50
Views: 2386

Re: Does 529 really hurt the chance to get financial aid?

Is there any difference - for purposes of qualifying for financial aid - between a 529 owned by a parent, a 529 owned by a grandparent, and a 529 owned by an aunt? (Assume in each case that the beneficiary is the same child.) Yes. If the grandparent or aunt owns the 529 plan and uses it to pay for ...
by sscritic
Wed Apr 23, 2014 8:56 am
 
Forum: Personal Finance (Not Investing)
Topic: Does 529 really hurt the chance to get financial aid?
Replies: 50
Views: 2386

Re: POLL: why carry cash?

Sorry, I didn't read the thread. But was this posted yet? http://online.wsj.com/news/articles/SB10001424052702303456104579489510784385696 Obviously not. Yes, four days ago. http://www.bogleheads.org/forum/viewtopic.php?p=2033781#p2033781 http://www.bogleheads.org/forum/viewtopic.php?p=2033789#p2033...
by sscritic
Wed Apr 23, 2014 8:53 am
 
Forum: Personal Finance (Not Investing)
Topic: POLL: why carry cash?
Replies: 224
Views: 7333

Re: FYI..W.BUFFETT ON BLOOMBERG AT 3 TODAY

Grt2bOutdoors wrote:Oh goody!! Let me get my bag of popcorn and my can of Cherry Coke ready. :D I'll bust out a box of See's candies and invite my neighbors over to watch it.

Did you buy your Coke and See's at Walmart using your American Express card?
by sscritic
Wed Apr 23, 2014 8:36 am
 
Forum: Investing - Theory, News & General
Topic: FYI..W.Buffett on Bloomberg at 3 Today
Replies: 8
Views: 268

Re: FYI..W.BUFFETT ON BLOOMBERG AT 3 TODAY

Did your Caps key get stuck? You may need a new keyboard.

If you don't get a new keyboard, you might want to read the Forum Policy:
We also require that you be considerate of our readers and:
...
avoid posting in ALL CAPITAL LETTERS or otherwise using distracting formatting
by sscritic
Wed Apr 23, 2014 8:01 am
 
Forum: Investing - Theory, News & General
Topic: FYI..W.Buffett on Bloomberg at 3 Today
Replies: 8
Views: 268

Re: Does Asset Allocation beat the S&P 500?

I probably would invest in the S&P alone if I were still in my twenties. When I first came to Vanguard (past my twenties) I put money into the S&P 500 and the short-term corporate bond fund (both had different names back then; they were both Portfolios, one part of the Index Trust and the o...
by sscritic
Wed Apr 23, 2014 7:44 am
 
Forum: Investing - Theory, News & General
Topic: Does Asset Allocation beat the S&P 500?
Replies: 73
Views: 3042

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

SHowever, consider all other usual factors like weather, job opportunities Job opportunities? In retirement? :confused Since one of the main reasons I live where I live is my family (aka children and grandchildren), I would have to move them along with me. Now there are two ways to interpret the qu...
by sscritic
Wed Apr 23, 2014 7:16 am
 
Forum: Personal Finance (Not Investing)
Topic: Where would you retire, if $ were no object?
Replies: 56
Views: 2758

Re: Does 529 really hurt the chance to get financial aid?

The issue was home equity as counting in determining financial aid. I raised the significance of that in deciding to pay off a mortgage or not. The key to paying off a mortgage is that you already own a house that has a mortgage. I was not, and I don't think anyone else was, talking about buying a h...
by sscritic
Wed Apr 23, 2014 1:09 am
 
Forum: Personal Finance (Not Investing)
Topic: Does 529 really hurt the chance to get financial aid?
Replies: 50
Views: 2386

Re: POLL: If Eligible For Social Security .....

rkhusky wrote:And live to 120.

Once the kids turn 18 when you are 88, you can relax. It's getting in the 36 kid-years of benefits that is the goal.

I goofed. File and suspend at 66, so you can have your kids at 65 and 66; they will be done when you are 84.
by sscritic
Tue Apr 22, 2014 9:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: If Eligible For Social Security .....
Replies: 71
Views: 3162

Re: Need signature guarantee in Japan

Thanks sscritic for the help. Yeah sounds like if I want to get this done from Japan it will require some creativity. I will try asking Sharebuilder again if this is absolutely necessary. They seemed nice enough on the phone the first time. I wasn't suggesting you ask Sharebuilder; I was suggesting...
by sscritic
Tue Apr 22, 2014 9:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Need signature guarantee in Japan
Replies: 23
Views: 792

Re: Investment Property or Second Home?

Have you thought of a grannie flat or remodeling your own home to make a room on the first floor? I know nothing of your family dynamic, but many homes in my area have bedrooms on the first floor, either for maids or elderly parents. I realize there is close and then there is close, and I don't know...
by sscritic
Tue Apr 22, 2014 9:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Investment Property or Second Home?
Replies: 9
Views: 612

Re: Need signature guarantee in Japan

Perhaps you need to decide where you want the shares to go and then ask the new firm for assistance. the transfer will need to be completed manually. In addition, the form must have a Medallion Signature Guarantee. But just think what a good test this will be of the customer service at your new fir...
by sscritic
Tue Apr 22, 2014 8:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Need signature guarantee in Japan
Replies: 23
Views: 792

Re: Need signature guarantee in Japan

But it seems no matter where I go Sharebuilder will ask me to fill out a transfer request form for my new brokerage (which will require a signature guarantee), who will then pass it back on to Sharebuilder to process. Are you sure who needs the signature? Vanguard wants the guarantee when you trans...
by sscritic
Tue Apr 22, 2014 8:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: Need signature guarantee in Japan
Replies: 23
Views: 792

Re: POLL: If Eligible For Social Security .....

rkhusky wrote:
sscritic wrote:So what do you think happens if the worker has delayed credits?
I imagine that it is the same. Thanks for the confirmation.

So here is the strategy to maximize your SS benefits. Wait until 70 to claim, but first have a child right at 69 and another right at 70.
by sscritic
Tue Apr 22, 2014 8:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: If Eligible For Social Security .....
Replies: 71
Views: 3162

Re: FORUM REACHES 2,000,000 POSTS TODAY

With 36,128 users, the 1% are the top 361 posters. What percent of all the "wealth" (creation) is in the hands of the 1%?

P.S. By my count, there are 9,321 members with zero posts, so the top 1% of actual posters are the top 268 posters.
by sscritic
Tue Apr 22, 2014 8:02 pm
 
Forum: Forum Issues and Administration
Topic: FORUM REACHES 2,000,000 POSTS TODAY
Replies: 52
Views: 1456

Re: POLL: If Eligible For Social Security .....

I am surprised you didn't find your answer in the same place you found the answer you did find. Actually, I think you did find it. The PIA is subtracted first (no matter what the benefit actually is), then the remainder is divided up. § 404.404. How reduction for maximum affects insured individual a...
by sscritic
Tue Apr 22, 2014 7:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: If Eligible For Social Security .....
Replies: 71
Views: 3162

Re: Need signature guarantee in Japan

So Medallion Guarantees only apply to transfers of securities (in the SEC sense)? That seems to be what he wants to do. security transfer request form from my brokerage Back in the old days, you needed to get them if you were sending a security in the form of a certificate to a transfer agent, say ...
by sscritic
Tue Apr 22, 2014 7:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Need signature guarantee in Japan
Replies: 23
Views: 792

Re: US NEWS 9 Most Affordable Placs 2 Retire

Then again, search sometimes works. There is a current thread on the topic of Foreign Bona-fide residency, started by someone who retired abroad. As I see it, the problem is your title. A person already retired abroad would not be attracted to your title since 1) they are already retired, 2) your ti...
by sscritic
Tue Apr 22, 2014 7:01 pm
 
Forum: Personal Consumer Issues
Topic: US NEWS 9 Most Affordable Placs 2 Retire
Replies: 21
Views: 2527

Re: Need signature guarantee in Japan

The State Department is very clear. Embassies and Consular Offices do not provide medallion signature guarantees. See the policy from May 21, 2001. U.S. Department of State telegram to all U.S. diplomatic and consular posts abroad concerning medallion stamp guarantees U.S. Consular/Notarizing office...
by sscritic
Tue Apr 22, 2014 6:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Need signature guarantee in Japan
Replies: 23
Views: 792

Re: Are I-Bond's about to have better returns?

Note the date of the article, April 15. Some of the facts were known on that day. The article even tells you about them. Try reading it again and see if you can separate the known from the speculation. Yes the date was from last week. But to be clear, are the bond prices on may 1st already fixed? I...
by sscritic
Tue Apr 22, 2014 4:23 pm
 
Forum: Investing - Theory, News & General
Topic: Are I-Bond's about to have better returns?
Replies: 7
Views: 1383

Re: Are I-Bond's about to have better returns?

Yes the date was from last week. But to be clear, are the bond prices on may 1st already fixed? I am new to investing and new to the bond market as a whole. Is this typically what happens? A rate of return is set a few weeks in advance, before the public can make a purchase? thanks. Start by readin...
by sscritic
Tue Apr 22, 2014 3:02 pm
 
Forum: Investing - Theory, News & General
Topic: Are I-Bond's about to have better returns?
Replies: 7
Views: 1383

Re: FORUM REACHES 2,000,000 POSTS TODAY

Mel, you, livesoft, nisiprius, Valuethinker, and I are going to have to step it up a bit. Let's not take so long to get to 4,000,000. I have been told the second 2,000,000 is easier than the first 2,000,000 because of compounding. We will have to see. With 20,000 posts, you are in 1 percent . Victo...
by sscritic
Tue Apr 22, 2014 1:04 pm
 
Forum: Forum Issues and Administration
Topic: FORUM REACHES 2,000,000 POSTS TODAY
Replies: 52
Views: 1456

Re: Are I-Bond's about to have better returns?

Perhaps you should look for the several recent threads about May 1. (the April 15 part is already fixed - that's an inside joke, but only a little inside). Note the date of the article, April 15. Some of the facts were known on that day. The article even tells you about them. Try reading it again an...
by sscritic
Tue Apr 22, 2014 1:01 pm
 
Forum: Investing - Theory, News & General
Topic: Are I-Bond's about to have better returns?
Replies: 7
Views: 1383

Re: FORUM REACHES 2,000,000 POSTS TODAY

Mel,

you, livesoft, nisiprius, Valuethinker, and I are going to have to step it up a bit. Let's not take so long to get to 4,000,000. I have been told the second 2,000,000 is easier than the first 2,000,000 because of compounding. We will have to see.
by sscritic
Tue Apr 22, 2014 12:58 pm
 
Forum: Forum Issues and Administration
Topic: FORUM REACHES 2,000,000 POSTS TODAY
Replies: 52
Views: 1456

Re: Is social security a good investment?

Did you include the special $255 payment? Did you take into account the probability that you would be the lucky recipient of this munificent sum? There are a lot of probabilities that you need to take into account. What are the odds you die at 35? What are the odds you have three kids living with yo...
by sscritic
Tue Apr 22, 2014 12:53 pm
 
Forum: Investing - Theory, News & General
Topic: Is social security a good investment?
Replies: 33
Views: 1403

Re: Does 529 really hurt the chance to get financial aid?

I have some folks tell me their kid was National Merit Scholar and got $2,000. Also one needs to know that National Merit Scholarships are often sponsored by Mega-Corps and an additional selection criteria is that the student is the child of an employee. That is, one's child only competes with the ...
by sscritic
Tue Apr 22, 2014 12:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Does 529 really hurt the chance to get financial aid?
Replies: 50
Views: 2386

Re: Is social security a good investment?

Most people who ask this question don't know what Social Security includes. Are you asking about all of SS or just one part?

P.S. If you are not careful, this thread will become political and either get locked or disappear.
by sscritic
Tue Apr 22, 2014 12:32 pm
 
Forum: Investing - Theory, News & General
Topic: Is social security a good investment?
Replies: 33
Views: 1403

Re: Does 529 really hurt the chance to get financial aid?

This is essential information that should go into every "pay off my mortgage?" thread. Tell me where you want your kid to go to college, and I will tell you if you should pay off your mortgage or not. True, but there's a lot more to it especially including if & how other assets (both ...
by sscritic
Tue Apr 22, 2014 12:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Does 529 really hurt the chance to get financial aid?
Replies: 50
Views: 2386

Re: POLL: why carry cash?

In short, I feel that using credit cards almost exclusively gives me a much better feel for my spending than I would have if I had significant cash expenditures. I realize that I could be keeping receipts for cash transactions and tracking them too, but honestly I'm too lazy to do that. I use Quick...
by sscritic
Tue Apr 22, 2014 12:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: why carry cash?
Replies: 224
Views: 7333

Re: Does 529 really hurt the chance to get financial aid?

ps: google says the "CSS/Financial Aid PROFILE" does ask about home equity. this is used by Harvard, Stanford, Yale, Cal Tech, and 400 others. https://profileonline.collegeboard.org/prf/PXRemotePartInstitutionServlet/PXRemotePartInstitutionServlet.srv The NY Times article says Harvard doe...
by sscritic
Tue Apr 22, 2014 11:58 am
 
Forum: Personal Finance (Not Investing)
Topic: Does 529 really hurt the chance to get financial aid?
Replies: 50
Views: 2386

Re: Does 529 really hurt the chance to get financial aid?

But there are differences in how colleges define assets. Cornell, Stanford, Columbia and Duke, for example, take into account home equity. Harvard and Princeton do not, and neither does the federal formula. Which is why people with huge mortgages and little equity send their kids to Stanford, while...
by sscritic
Tue Apr 22, 2014 11:48 am
 
Forum: Personal Finance (Not Investing)
Topic: Does 529 really hurt the chance to get financial aid?
Replies: 50
Views: 2386
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