Search found 1023 matches

by 1210sda
Tue May 31, 2016 6:37 pm
Forum: Personal Finance (Not Investing)
Topic: Would you pay 6x face value to see Hamilton on Broadway?
Replies: 41
Views: 1047

Re: Would you pay 6x face value to see Hamilton on Broadway?

If I paid the sum mentioned, I would feel so much pressure to be sure to enjoy the show, that I would be totally uptight. This would then lead to my not enjoying the show. Then I would be kicking myself for having spent so much money on a show that I did not enjoy. So no, I would not do it. :happy 1...
by 1210sda
Mon May 30, 2016 2:47 pm
Forum: Investing - Theory, News & General
Topic: Simplegift and Dr. Bernstein
Replies: 20
Views: 2285

Re: Simplegift and Dr. Bernstein

I understand that addressing someone by their title is viewed as a sign of respect. Yet, when Bill Bernstein says "my first name isn't Doctor", I have to tell you, I feel the utmost respect for him. Kind of ironic.

1210
by 1210sda
Sun May 29, 2016 9:05 am
Forum: Personal Finance (Not Investing)
Topic: Does the $5.45M exemption from estate taxes change your estate planning
Replies: 36
Views: 2989

Re: Does the $5.45M exemption from estate taxes change your estate planning

There are so many names out there (Credit Shelter, A-B Trust, By Pass Trust, Inter Vivos, Living Trust, Testamentary Trust, Revocable Trust, Irrevocable Trust) that it gets a bit confusing. I'm sure there are subtle legal differences between them. In layman terms, what I have is a trust that is revo...
by 1210sda
Sun May 29, 2016 7:44 am
Forum: Personal Finance (Not Investing)
Topic: Does the $5.45M exemption from estate taxes change your estate planning
Replies: 36
Views: 2989

Re: Does the $5.45M exemption from estate taxes change your estate planning

... The reason I created the Trust was Estate Taxes. My estate was larger than the $600k exemption in the '80's. ... Including a credit shelter trust in your Will or in a revocable trust may save estate taxes. However, creating a revocable trust won't save (or cost) any estate taxes. I don't quite ...
by 1210sda
Sun May 29, 2016 7:07 am
Forum: Personal Finance (Not Investing)
Topic: Does the $5.45M exemption from estate taxes change your estate planning
Replies: 36
Views: 2989

Re: Does the $5.45M exemption from estate taxes change your estate planning

... Now bsteiner's comments on Asset Protection give some pause. I have to noodle through this some more. BTW, in my state, retirement plans and homesteads are protected from creditors. (Also exempt are “two horses, mules or donkeys, and a saddle, blanket and bridle for each.” ... It sounds like yo...
by 1210sda
Sat May 28, 2016 8:16 am
Forum: Personal Finance (Not Investing)
Topic: Does the $5.45M exemption from estate taxes change your estate planning
Replies: 36
Views: 2989

Re: Does the $5.45M exemption from estate taxes change your estate planning

My current trust is 2" thick. It scares my wife to look at it. She would probably need a lot of help to handle it (assuming I pre-decease her).The costs can add up very fast. Two inches thick! This trust sounds complicated. Any way to simplify? I understand why your wife is scared to look at i...
by 1210sda
Sat May 28, 2016 7:42 am
Forum: Personal Finance (Not Investing)
Topic: Does the $5.45M exemption from estate taxes change your estate planning
Replies: 36
Views: 2989

Re: Does the $5.45M exemption from estate taxes change your estate planning

1. Probate in my state is not a major problem. 2. Currently, all our assets are either community property WROS, have a beneficiary designation or are in our Trust. 3. If I were to drop the Trust, I would title the former trust assets as CPWROS. 4. Therefore, the majority of my assets would not be su...
by 1210sda
Fri May 27, 2016 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: Does the $5.45M exemption from estate taxes change your estate planning
Replies: 36
Views: 2989

Re: Does the $5.45M exemption from estate taxes change your estate planning

Thank you very much bsteiner. Will definitely taken your comments to heart as I evaluate what path I want to take. My current trust is 2" thick. It scares my wife to look at it. She would probably need a lot of help to handle it (assuming I pre-decease her).The costs can add up very fast. As I ...
by 1210sda
Fri May 27, 2016 10:34 am
Forum: Personal Finance (Not Investing)
Topic: Does the $5.45M exemption from estate taxes change your estate planning
Replies: 36
Views: 2989

Does the $5.45M exemption from estate taxes change your estate planning

Now that the exemption is this high (plus an additional $5.45M from portability) are you making any changes to your estate planning? For me, estate tax liability was the major driver for having a by-pass trust. Other benefits, privacy, speed in settling, more protection from creditors, etc. were nic...
by 1210sda
Fri May 27, 2016 9:43 am
Forum: Personal Finance (Not Investing)
Topic: Pride in no inheritance to kids?
Replies: 233
Views: 377

Re: Pride in no inheritance to kids?

If you decide to leave an inheritance, would you split it equally among your kids? Let's say you are a surviving spouse with two kids. One lives far way and you see him/her every couple of years. The other spends half his/her time with you in your old age. The second one was the reason you were able...
by 1210sda
Wed May 25, 2016 7:51 am
Forum: Investing - Theory, News & General
Topic: Any thoughts on this? [Why advisors don't like target funds]
Replies: 28
Views: 3670

Re: Any thoughts on this? [Why advisors don't like target funds]

Generally, that is true. However, some folks may value simplicity of execution over absolute tax efficiency . Some people never want to deal with this stuff and may in fact prefer the simplicity of TR in tax advantaged and even taxable. The same would be true of the Lifestrategy funds. In my partic...
by 1210sda
Tue May 24, 2016 7:37 am
Forum: Personal Consumer Issues
Topic: Arrgghhh !!! Windows 10 installed overnight
Replies: 72
Views: 6071

Re: Arrgghhh !!! Windows 10 installed overnight

When I got to my PC this morning, I was un-Pleasantly suprised with Windows 10 staring back at me. Going back to Windows 7 or Windows 8.1 Applies to Windows 10 If it’s been less than a month since you upgraded to Windows 10, you can go back to your previous version of Windows by going to Settings >...
by 1210sda
Tue May 17, 2016 9:02 pm
Forum: Personal Consumer Issues
Topic: Arrgghhh !!! Windows 10 installed overnight
Replies: 72
Views: 6071

Re: Arrgghhh !!! Windows 10 installed overnight

harrychan wrote:
1210sda wrote:Thank you. I found the little vertical line. It's almost off the screen. W/O your help I would not have found it.
Thanks
1210


You can also do windows button + d. That'll give you your desktop.


Thanks, it works for me.....it"s even a toggle to get back.

1210
by 1210sda
Tue May 17, 2016 9:36 am
Forum: Personal Consumer Issues
Topic: Arrgghhh !!! Windows 10 installed overnight
Replies: 72
Views: 6071

Re: Arrgghhh !!! Windows 10 installed overnight

Thank you. I found the little vertical line. It's almost off the screen. W/O your help I would not have found it.
Thanks
1210
by 1210sda
Tue May 17, 2016 8:48 am
Forum: Personal Consumer Issues
Topic: Arrgghhh !!! Windows 10 installed overnight
Replies: 72
Views: 6071

Re: Arrgghhh !!! Windows 10 installed overnight

trinc wrote:
1210sda wrote: P.S. How do you find the original "desktop"?


right click window icon ( bottom left ) select 'desktop', or set up the quick launch bar ( win 7 style ) and put the desktop icon there so it's only 1 click away at all times.

Tim


Tim, where is the "quick launch bar"?
by 1210sda
Tue May 17, 2016 7:34 am
Forum: Personal Consumer Issues
Topic: Arrgghhh !!! Windows 10 installed overnight
Replies: 72
Views: 6071

Arrgghhh !!! Windows 10 installed overnight

When I got to my PC this morning, I was un-Pleasantly suprised with Windows 10 staring back at me. Seems Microsoft just got tired of me not installing 10 on my own and went ahead and installed it for me. I decided to see what it does, so I went ahead and finished the full installation. Maybe I could...
by 1210sda
Fri May 13, 2016 10:16 am
Forum: Investing - Help with Personal Investments
Topic: Won the game - time to quit playing?
Replies: 46
Views: 7648

Re: Won the game - time to quit playing?

I believe Dr. Bill says in one of his books that once you have your liability matching portfolio (LMP) in place, the rest of your portfolio becomes your Risk Portfolio (RP). The AA for the RP can be as high as 100% equity if you can stomach it.

1210
by 1210sda
Thu May 12, 2016 10:35 am
Forum: Personal Finance (Not Investing)
Topic: Physician Retirement Savings
Replies: 212
Views: 21120

Re: Physician Retirement Savings

It's hard to find reliable information on physician's average retirement savings. The quoted average salary I see on surveys such as Medscape is much less than what I see in my region of the US (Southeast), particularly for specialists. Given that, I do not trust the quoted average retirement savin...
by 1210sda
Fri May 06, 2016 4:32 pm
Forum: Investing - Help with Personal Investments
Topic: Safe withdrawal rates
Replies: 51
Views: 7562

Re: Safe withdrawal rates

I think the 4% is very helpful in the planning process. The actual implementation, of course necessitates flexibility. The 4% is a "guideline" and not a "rule". But you gotta have something or else you are flying blind.

1210
by 1210sda
Fri May 06, 2016 1:52 pm
Forum: Investing - Help with Personal Investments
Topic: Safe withdrawal rates
Replies: 51
Views: 7562

Re: Safe withdrawal rates

Keep in mind that successful withdrawal strategies in the past were based on some very favorable equity and bond performance, interest and dividend payout rates that we might not see for a long time if ever. Also, many of us have pensions or annuities that locked in some very nice payout rates. I h...
by 1210sda
Thu May 05, 2016 7:14 pm
Forum: Personal Finance (Not Investing)
Topic: Couples: Are you and your significant other on the same page financially?
Replies: 65
Views: 5801

Re: Couples: Are you and your significant other on the same page financially?

Do you and your significant other think and behave similarly when it comes to spending, saving and investing? For financial success, do you think it's important to be similar or it doesn't matter? For me, my wife and I are very different. I'm cheap, don't waste money, not self-indulgent, and try to...
by 1210sda
Wed May 04, 2016 2:27 pm
Forum: Investing - Theory, News & General
Topic: LifeStrategy Moderate Growth fund or its components?
Replies: 33
Views: 2907

Re: LifeStrategy Moderate Growth fund or its components?

This is primarily the underperformance of international stocks. It affected the 3 fund portfolio similarly. STAR has less of it and Wellington almost none. The presence of international stocks is an advantage of LifeStrategy, despite recent performance. Fund construction trumps recent performance, ...
by 1210sda
Thu Mar 31, 2016 10:32 am
Forum: Personal Finance (Not Investing)
Topic: Living Trust vs Transfer on Death
Replies: 54
Views: 3732

Re: Living Trust vs Transfer on Death

I too was thinking..."do I need a trust"? Now that the exemption amount is over $5 million (plus, portability doubles it), I question the use for a trust if your assets are under the exemption amount. Other considerations: 1. A trust avoids probate. So do Joint ownership, beneficiary desig...
by 1210sda
Sat Mar 26, 2016 10:05 am
Forum: Investing - Theory, News & General
Topic: "Mitigating the Risks of Cognitive Decline"
Replies: 45
Views: 5245

Re: "Mitigating the Risks of Cognitive Decline"

Thank you Taylor.

It is posts like this one that demonstrate the collective wisdom and kindness of "The Bogleheads". BH's are so willing to share.

I get just as much benefit (if not more) from these topics as I do from Investing posts. Guess it's time to take action.

1210
by 1210sda
Fri Mar 25, 2016 2:26 pm
Forum: Investing - Theory, News & General
Topic: Dave Ramsey's Investing Advice or: A Chris Hogan: America's Voice on Retirement Story
Replies: 55
Views: 8996

Re: Dave Ramsey's Investing Advice or: A Chris Hogan: America's Voice on Retirement Story

Just for "fun", I plugged 8% withdrawal into my Monte Carlo program. While maintaining all the other parameters, increasing the w/d rate from 4% to 8%, decreased my time horizon from 30 years to 12 years. How would a 65 year old enjoy being broke at 77. Thanks DR.

1210
by 1210sda
Wed Mar 23, 2016 11:09 am
Forum: Investing - Theory, News & General
Topic: Misleading article about investing club on CNN Money
Replies: 18
Views: 2105

Re: Misleading article about investing club on CNN Money

Wow fivescoop, you are absolutely correct...w/o divs, the sp500 cagr from 1/1/1946 thru 12/31/2015 was 6.99%. PV of 3000 grew to $339k. With Divs, (cagr 10.8%) $3k grew to almost $4million. I wonder if the author ever heard of the Beardstown Ladies ?? :happy I guess her view is that Investment Clubs...
by 1210sda
Fri Mar 18, 2016 9:03 am
Forum: Personal Finance (Not Investing)
Topic: How Life Insurance Loans Really Work And Why It’s Problematic To “Bank On Yourself” by Michael Kitces
Replies: 37
Views: 3498

Re: How Life Insurance Loans Really Work And Why It’s Problematic To “Bank On Yourself” by Michael Kitces

Another interesting article on why borrowing money ("bank on yourself"/"infinite banking") from a whole life policy is a bug, not a feature. Enjoy! https://www.kitces.com/blog/bank-on-yourself-review-a-personal-loan-from-a-life-insurance-company-and-not-infinite-banking Thanks A...
by 1210sda
Sat Mar 12, 2016 3:36 pm
Forum: Investing - Theory, News & General
Topic: My summary of the latest SPIVA report card
Replies: 8
Views: 862

Re: My summary of the latest SPIVA report card

1210sda Glad you have found it helpful. Wonder though if you managed to convert any of them or did they just experience cognitive dissonance? Best wishes Larry 1. You can lead a horse to water, but you can't make him drink! 2. There is none so blind as he who will not see! So no, I was not able to ...
by 1210sda
Sat Mar 12, 2016 1:04 pm
Forum: Investing - Theory, News & General
Topic: My summary of the latest SPIVA report card
Replies: 8
Views: 862

Re: My summary of the latest SPIVA report card

Rick I wrote about this phenomena in The Incredible Shrinking Alpha , explaining why as more move to passive it will become harder and harder for the remaining active investors to win, not easier. It's known as the paradox of skill. Of course it's the past losers who are more likely to abandon acti...
by 1210sda
Tue Mar 08, 2016 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: How do you "un-fund" a revocable trust?
Replies: 17
Views: 2656

Re: How do you "un-fund" a revocable trust?

Marty Shenkman and I wrote an article on estate planning under ATRA in the August 2013 issue of Trusts & Estates: ... The article focuses on planning in a decoupled state (a state having a state estate tax). Do you have an alternative source for this post? The link appears to be dead. Thx. We o...
by 1210sda
Mon Mar 07, 2016 8:25 am
Forum: Investing - Help with Personal Investments
Topic: Backup Plan for Wife?
Replies: 44
Views: 5629

Re: Backup Plan for Wife?

My situation is quite similar. I've gone back and forth on the solution to this dilemma. What we have decided it to use the Life Strategy funds in both taxable and tax advantaged. We recognize it's not optimal from a tax perspective, but the simplicity and convenience make it very appealing to her (...
by 1210sda
Wed Mar 02, 2016 7:32 pm
Forum: Personal Finance (Not Investing)
Topic: Does everyone really need to save $1 million for retirement?
Replies: 225
Views: 29596

Re: Does everyone really need to save $1 million for retirement?

22twain wrote:
mickeyd wrote:AS LBJ once said "A million here, a million there... before long yer talkin' about real money."


That was Senator Everett Dirksen, the "Wizard of Ooze." :wink:


You got the author right, but it was "a billion here, a billion there...." :D

1210
by 1210sda
Tue Mar 01, 2016 6:15 pm
Forum: Investing - Theory, News & General
Topic: "Bogle vs. Goliath"
Replies: 6
Views: 893

Re: "Bogle vs. Goliath"

I absolutely love hearing this.....

Keep the good news coming.

1210
by 1210sda
Sat Feb 27, 2016 5:09 pm
Forum: Investing - Theory, News & General
Topic: What is your target portfolio size?
Replies: 66
Views: 7251

Re: What is your target portfolio size?

just curious. When you guys say 25X expenses, are you talking about annual or monthly expenses? Thanks, BV Annual. It wouldn't be enough otherwise. If your target is $40,000 annually x 25 = $1,000,000 On a monthly basis thats $3,333 (40,000/12). Multiplying by 25 = $83,333. Wouldn't be enough
by 1210sda
Sat Feb 27, 2016 5:01 pm
Forum: Investing - Theory, News & General
Topic: What is your target portfolio size?
Replies: 66
Views: 7251

Re: What is your target portfolio size?

I projected what my retirement expenses would be then subtracted my estimate of social security. I multiplied that amount by 25. This then became the minimum portfolio that I would want at retirement. On top of that, I added a layer of "cushion". Currently, I am able to maintain that cushi...
by 1210sda
Sat Feb 27, 2016 4:19 pm
Forum: Investing - Theory, News & General
Topic: The Swedroe 5/25 rebalancing bands restated
Replies: 56
Views: 5866

Re: The Swedroe 5/25 rebalancing bands restated

Some financial advisers have a series of model portfolios they use for client presentations. These model portfolios usually have a 10% difference in AA. For example, Port A might be 80/20 AA (stock/bond); Port B could then be 70/30 AA; Port C 60/40 AA; Port D 50/50, etc. etc. My view is that 5% repr...
by 1210sda
Thu Feb 25, 2016 10:24 pm
Forum: Investing - Theory, News & General
Topic: What withdrawal % are you planning on?
Replies: 89
Views: 6638

Re: What withdrawal % are you planning on?

One point I will make is that the 4% rule IS typically touted as a rock solid target for retirement planning. Right. Which is why I am somewhat careful to make sure it is clear it is not. It is hard to believe this is a point that needs to be made. Sounds like we are on the same page. I disagree......
by 1210sda
Wed Feb 17, 2016 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: Disputing Prize ARV vs FMV and tax reporting
Replies: 4
Views: 447

Re: Disputing Prize ARV vs FMV and tax reporting

1210sda wrote:Since I was using TurboTax I just entered the ARV.


Sorry that should be "I entered the FMV".....
1210
by 1210sda
Wed Feb 17, 2016 8:31 am
Forum: Personal Finance (Not Investing)
Topic: Disputing Prize ARV vs FMV and tax reporting
Replies: 4
Views: 447

Re: Disputing Prize ARV vs FMV and tax reporting

Does anyone have experience reporting prize winnings on their 1040 and using the FMV instead of the ARV listed on the 1099-MISC? The way you are proposing sounds right. I had a similar situation about 15 years ago. I handled it somewhat crudely, but it seems to have worked. Since I was using TurboT...
by 1210sda
Tue Feb 16, 2016 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: How to save money and keep the house clean?
Replies: 48
Views: 5692

Re: How to save money and keep the house clean?

Bi-weekly cleaning (independent contractor) 3 hours @ $20/hr = 26*60/12 = $130/ month. The place looks spiffy. Hint look for a local person rather than a "cleaning service". Worth every penny. Totally agree with "local person" "independent contractor" instead of a clea...
by 1210sda
Sun Feb 14, 2016 12:02 pm
Forum: Personal Consumer Issues
Topic: The Retirement Problem: What Will You Do With All That Time?
Replies: 67
Views: 6871

Re: The Retirement Problem: What Will You Do With All That Time?

This is my 15th year of retirement. I have two different retirement arenas. 1) Weekends: This is where I got to church, visit with my kids, siblings and neighbors. I watch a lot of TV (Sports, Talk shows, etc). But most importantly, I stay away from all the stores banks, doctors, movie theaters, res...
by 1210sda
Thu Feb 11, 2016 5:36 pm
Forum: Investing - Theory, News & General
Topic: It sure looks like a good time to invest in oil
Replies: 111
Views: 13201

Re: It sure looks like a good time to invest in oil

Crude closed at $27.30 today, pretty close to yesterday's $27.45.
by 1210sda
Wed Jan 27, 2016 2:35 pm
Forum: Investing - Theory, News & General
Topic: What is your favorite Financial Quote or Metaphor??
Replies: 179
Views: 11181

Re: What is your favorite Financial Quote or Metaphor??

From Rex Sinquefield.

"Poor performance does not come cheap. You have to pay dearly for it".

1210
by 1210sda
Tue Jan 26, 2016 5:38 pm
Forum: Investing - Theory, News & General
Topic: What is your favorite Financial Quote or Metaphor??
Replies: 179
Views: 11181

Re: What is your favorite Financial Quote or Metaphor??

From Larry Swedroe.

1. Don't treat the highly likely as certain, and the highly unlikely as impossible.

2. Don't confuse before-the-fact strategy with after-the-fact outcome.

1210
by 1210sda
Tue Jan 19, 2016 7:58 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Overwhelmed!
Replies: 24
Views: 5815

Re: Vanguard Overwhelmed!

Yes, I think it is the 1009's. I know mine is wrong, so I am guessing other's are too. I thought my 1099 was wrong too, until I added the foreign tax paid to what I thought was the right amount for dividends. I forgot from last year that the foreign tax paid is added to the dividends that I receive...
by 1210sda
Sat Jan 16, 2016 8:54 am
Forum: Personal Consumer Issues
Topic: Funeral costs
Replies: 76
Views: 9835

Re: Funeral costs

Very timely post.

I'm planning to "interview" three funeral homes this Spring. The comments in this post provide a lot of guidance.

1210
by 1210sda
Fri Jan 15, 2016 7:19 pm
Forum: Personal Consumer Issues
Topic: Hand me down I-Phone..what can I do with it??
Replies: 31
Views: 2080

Re: Hand me down I-Phone..what can I do with it??

achen9291 wrote:Run perk TV apps to make passive income. I had 10 of these phones bringing in a total of $300 per month..


how does this work?
1210
by 1210sda
Fri Jan 15, 2016 3:06 pm
Forum: Personal Consumer Issues
Topic: Hand me down I-Phone..what can I do with it??
Replies: 31
Views: 2080

Re: Hand me down I-Phone..what can I do with it??

Of course, if you're happy using your current phone as your phone, the other poster's suggestions to use the iphone for internet browsing, music, gps, camera, and so on are good suggestions too. Yes I am. I am really surprised by the many things I will be able to do with an iPhone other than talkin...
by 1210sda
Thu Jan 14, 2016 2:41 pm
Forum: Personal Consumer Issues
Topic: Hand me down I-Phone..what can I do with it??
Replies: 31
Views: 2080

Re: Hand me down I-Phone..what can I do with it??

Toons wrote:I could make phone calls with them using wi-fi apps but don't.


Thanks for the feedback.

I don't know if I could make phone calls....she ported her number to the new phone.

1210
by 1210sda
Thu Jan 14, 2016 1:55 pm
Forum: Personal Consumer Issues
Topic: Hand me down I-Phone..what can I do with it??
Replies: 31
Views: 2080

Hand me down I-Phone..what can I do with it??

My daughter bought a new I Phone and wants to give me her old one (instead of trading it in...:-) ) What can I do with it. It won't have a plan. I have wifi at home. Can I take pictures with it? Can I browse the internet? Anything else? I currently have a cell phone from Tracfone and it's pretty bas...

Go to advanced search