Search found 2209 matches

by FIREchief
Thu Jul 19, 2018 12:44 am
Forum: Personal Finance (Not Investing)
Topic: Should I get a warranty for my new glasses?
Replies: 5
Views: 180

Re: Should I get a warranty for my new glasses?

Most optometrists include this for free. I would skip it.
by FIREchief
Thu Jul 19, 2018 12:35 am
Forum: Investing - Theory, News & General
Topic: Help me understand TIPs.
Replies: 23
Views: 1485

Re: Help me understand TIPs.

I have a hard time recommending TIPS. Risk and return are linked and this is one of the safest investments out there. The only case where they would beat normal treasuries are in a situation where inflation increased unexpectedly. I'm pretty much just amusing myself here with semantics, but I'm sur...
by FIREchief
Wed Jul 18, 2018 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: Weird info from HR on HSA
Replies: 6
Views: 653

Re: Weird info from HR on HSA

Sounds like typical HR. Correct about two out of three times......
by FIREchief
Wed Jul 18, 2018 9:51 pm
Forum: Investing - Theory, News & General
Topic: When you look across the horizon.....
Replies: 7
Views: 616

Re: When you kook across the horizon.....

samsdad wrote:
Wed Jul 18, 2018 5:49 pm
If only we could edit the topic once we poat . . .
What's a "poat?"
by FIREchief
Wed Jul 18, 2018 3:23 pm
Forum: Investing - Theory, News & General
Topic: Help me understand TIPs.
Replies: 23
Views: 1485

Re: Help me understand TIPs.

JBTX wrote:
Wed Jul 18, 2018 3:21 pm
I think people have a hard time wrapping their heads around tips because they tend to focus on nominal measures and not real.
Bingo! We see this here all the time.
by FIREchief
Wed Jul 18, 2018 3:11 pm
Forum: Investing - Theory, News & General
Topic: Help me understand TIPs.
Replies: 23
Views: 1485

Re: Help me understand TIPs.

TIPS are good for inflationry periods. Given we have had declining inflation over almost 35 years, they have not been as attractive as traditional treasuries. Inflation rose 2.9% over the past 12 months: https://www.bls.gov/news.release/cpi.nr0.htm That's more than the current 2.09% breakeven sprea...
by FIREchief
Tue Jul 17, 2018 7:57 pm
Forum: Personal Finance (Not Investing)
Topic: Adding a trust to your homeowner's policy
Replies: 56
Views: 3598

Re: Adding a trust to your homeowner's policy

CABob wrote:
Tue Jul 17, 2018 6:09 pm
I would think that lawyers that set up trusts and suggest the home be placed in the trust would remind the clients to make the insurance policy changes.
I believe that the good ones do exactly that. People generally don't follow instructions very well.
by FIREchief
Tue Jul 17, 2018 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: Wills
Replies: 51
Views: 2145

Re: Wills

I don't have a lawyer. How do you find a good lawyer? Ask for recommendations from your financial adviser, accountant, banker, or those friends who advised you that you need a will. Ensure the lawyer specializes in estate planning and wills - not other unrelated specialties Unfortunately, attorney'...
by FIREchief
Tue Jul 17, 2018 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirement
Replies: 141
Views: 12209

Re: Early retirement

Most people would congratulate me, while others would initiate an interrogation worthy of the KGB in the peak of the Cold War. I gave 2.5 months notice at work, and I got so tired of having to explain myself to others on a daily basis, that I eventually stopped telling anyone that did not know yet....
by FIREchief
Tue Jul 17, 2018 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: Wills
Replies: 51
Views: 2145

Re: Wills

The biggest hurdle for us (and the reason we waited so long), was deciding who we wanted to become guardians for our children. This has always been our problem and the reason, to this day that we don't have a will. Our youngest turns 18 in 2 months, so I'm actually completely happy with how our sta...
by FIREchief
Tue Jul 17, 2018 1:38 am
Forum: Personal Finance (Not Investing)
Topic: Accepted new job, immediately laid off at old one?
Replies: 37
Views: 5886

Re: Accepted new job, immediately laid off at old one?

So...when are you going to find out? Shouldn't be long now! got the confirmation that the background check is clear from HR...just waiting on one last piece of the drug. I had to do 4 exams for drug (hair, oral, urine, skin) and oral/urine/skin came back clear, just waiting on hair results! Are you...
by FIREchief
Mon Jul 16, 2018 7:06 pm
Forum: Personal Finance (Not Investing)
Topic: Unusual asset protection strategies
Replies: 11
Views: 1318

Re: Unusual asset protection strategies

I'm seeing more discussion of what I'd call unusual asset protection strategies than I recall in the past. Is there anything in particular that we would be protecting a person's assets from? Examples: divorcing spouses lawsuits US political upheval nuclear war online theft family insider theft our ...
by FIREchief
Mon Jul 16, 2018 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: Accepted new job, immediately laid off at old one?
Replies: 37
Views: 5886

Re: Accepted new job, immediately laid off at old one?

so i recently accepted another job a week and a half back that's a much better opportunity for myself. however, I just got laid off from my current job on friday (they cited a company wide restructuring as the reason, but I feel like they might have found out that I was leaving for another company)...
by FIREchief
Mon Jul 16, 2018 1:25 am
Forum: Investing - Help with Personal Investments
Topic: Thoughts on using an ETF for TIPS investing
Replies: 22
Views: 1827

Re: Thoughts on using an ETF for TIPS investing

galeno wrote:
Fri Jul 13, 2018 7:33 pm
15% of our 40/60 portfolio is in ONE TIPS ETF. We like it just fine.

We use the TIPS ETF to protect 25% of our fixed income allocation from unexpected inflation.
So you are only 25% concerned about inflation?? :confused
by FIREchief
Sun Jul 15, 2018 8:30 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone not have a Budget?
Replies: 113
Views: 5996

Re: Anyone not have a Budget?

I only ever had a savings budget. Max out the 401K and IRA's every year. After that, just a dynamic waltz among myself and my dear family. :sharebeer
by FIREchief
Sun Jul 15, 2018 6:34 pm
Forum: Investing - Theory, News & General
Topic: Why do small cap funds have very high PE ratio?
Replies: 5
Views: 590

Re: Why do small cap funds have very high PE ratio?

Why do you think PE, as a stand alone metric for a specific stock, even matters? (or, for that matter, for the entire market; but that's a whole different conversation)
by FIREchief
Sun Jul 15, 2018 5:42 pm
Forum: Personal Consumer Issues
Topic: When does frugal cross the line to cheapskate?
Replies: 136
Views: 9431

Re: When does frugal cross the line to cheapskate?

Frugal or cheap? - using cents off coupons for gasoline and groceries? - using credit card reward points programs - using sign up bonuses for credit cards, bank accounts, brokerage accounts - negotiating prices with contractors, for appliances, etc. rather than just accepting the quoted price - tak...
by FIREchief
Sun Jul 15, 2018 5:37 pm
Forum: Personal Consumer Issues
Topic: When does frugal cross the line to cheapskate?
Replies: 136
Views: 9431

Re: When does frugal cross the line to cheapskate?

Before I met my husband I had a few dates with a guy I thought I was starting to like. He had a good job, he was tall, dark and handsome and had a good personality. He did not tip at ANY of the restaurants we visited and I was shocked and ended up leaving the tips myself. Against my better judgemen...
by FIREchief
Sun Jul 15, 2018 2:11 pm
Forum: Investing - Theory, News & General
Topic: Has the range of expected stock market returns ever been larger than today?
Replies: 15
Views: 1381

Re: Has the range of expected stock market returns ever been larger than today?

I strongly believe historical returns are much less useful than estimates based on current valuations. The problem is that we can't even agree on how to define current valuations: CAPE10 P/E = 32.6 Actual trailing twelve month reported earnings (1st qtr 2018) P/E = 22.9 Actual trailing twelve month...
by FIREchief
Sun Jul 15, 2018 1:52 pm
Forum: Personal Consumer Issues
Topic: When does frugal cross the line to cheapskate?
Replies: 136
Views: 9431

Re: When does frugal cross the line to cheapskate?

Before I met my husband I had a few dates with a guy I thought I was starting to like. He had a good job, he was tall, dark and handsome and had a good personality. He did not tip at ANY of the restaurants we visited and I was shocked and ended up leaving the tips myself. Against my better judgemen...
by FIREchief
Sun Jul 15, 2018 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited retirement account
Replies: 12
Views: 1501

Re: Inherited retirement account

If she were to disclaim her inheritance of my father's IRA, we are considering transferring ownership of the asset to a trust with her three grandchildren—ages 10, 7, and 6—as the benficiaries and I and my brother as the trustees. David Thanks for the additional info David. Sorry about your loss. I...
by FIREchief
Sun Jul 15, 2018 1:10 pm
Forum: Personal Consumer Issues
Topic: When does frugal cross the line to cheapskate?
Replies: 136
Views: 9431

Re: When does frugal cross the line to cheapskate?

Before I met my husband I had a few dates with a guy I thought I was starting to like. He had a good job, he was tall, dark and handsome and had a good personality. He did not tip at ANY of the restaurants we visited and I was shocked and ended up leaving the tips myself. Against my better judgemen...
by FIREchief
Sat Jul 14, 2018 11:49 pm
Forum: Investing - Theory, News & General
Topic: Implementing Life-Cycle Financial Planning
Replies: 5
Views: 640

Re: Implementing Life-Cycle Financial Planning

Miller earned his doctorate at the University of Chicago where he studied family economics, which includes lifetime planning. He taught economics at Johns Hopkins University for a few years, and then worked as a consultant and in the investment business. Initially Miller focused on investment manag...
by FIREchief
Sat Jul 14, 2018 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: Need BH's help finding a CPA
Replies: 6
Views: 527

Re: Need BH's help finding a CPA

... I believe that it has been suggested that, in some cases, the estate attorney themselves are the best option for preparation of the estate tax return. ... Estate tax returns should almost always be done by law firms. If the law firm handling the estate doesn't want to do it, they should bring i...
by FIREchief
Sat Jul 14, 2018 7:47 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Look Past Expense Ratios
Replies: 71
Views: 5953

Re: Larry Swedroe: Look Past Expense Ratios

Every time I see this thread title I am reminded of one saying. "Pay no attention to the man behind the curtain." :annoyed I am familiar with the Wizard of Oz, but I've never quite understood what people mean when they say this. I won't try to address the various levels of that classic story, as th...
by FIREchief
Sat Jul 14, 2018 5:24 pm
Forum: Personal Finance (Not Investing)
Topic: Need BH's help finding a CPA
Replies: 6
Views: 527

Re: Need BH's help finding a CPA

This is a tough question, and one for which I don't believe there are any really good answers. I've read a lot more horror stories here on the forum, regarding CPA errors, than I have reports on how to find a good one. Fortunately, we don't need any help with taxes currently, and probably won't unti...
by FIREchief
Sat Jul 14, 2018 3:25 pm
Forum: Investing - Theory, News & General
Topic: Getting antsy with indexing? Reporter doing story.
Replies: 12
Views: 2826

Re: Getting antsy with indexing? Reporter doing story.

I'm fascinated with the idea that people actually getting antsy with indexing. Can't wait to read the article. Indexing is fine Cap weighting aftera 9 year bull market is scary. Were these people any less "antsy" after a one year bull market? Seems like the antsy crowd are always antsy.....
by FIREchief
Sat Jul 14, 2018 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: Would you trade experiences in your youth for early retirement
Replies: 81
Views: 5132

Re: Would you trade experiences in your youth for early retirement

By comparison, one of my buddies was happily spending 1k per month for his Escalade in 2003 for gas, insurance, and the payment. He got to experience a bit of extra interest from women, but spending 60k probably isn't worth the value received. Yeah, that sounds like "value received" would have been...
by FIREchief
Sat Jul 14, 2018 1:38 pm
Forum: Investing - Help with Personal Investments
Topic: How to buy T-Bills
Replies: 33
Views: 2628

Re: How to buy T-Bills

bgyt wrote:
Sat Jul 14, 2018 1:24 pm
Is there any concerns with Vanguard I should be aware...
There have been a lot of recent threads regarding VG customer service. You may wish to review some of those.
by FIREchief
Sat Jul 14, 2018 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: Living Revocable Trust - conveyance of assets
Replies: 11
Views: 766

Re: Living Revocable Trust - conveyance of assets

For those here who have had a trust, what did you do? If the attorney did most of the work, what was the charge? I think afan provided great guidance in the second post in this thread. I would have the attorney take care of re-titling any real estate (or other more complex assets) but handle the ba...
by FIREchief
Sat Jul 14, 2018 12:56 pm
Forum: Investing - Help with Personal Investments
Topic: How to buy T-Bills
Replies: 33
Views: 2628

Re: How to buy T-Bills

bgyt wrote:
Fri Jul 13, 2018 4:41 pm
Plus it seems on here that everyone ends up at Vanguard.
Hang around here a bit more and I think you'll find that this is not at all true.

To answer your initial question, I would highly recommend a brokerage house over treasury direct. Fidelity is great for this.
by FIREchief
Sat Jul 14, 2018 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: Living Revocable Trust - conveyance of assets
Replies: 11
Views: 766

Re: Living Revocable Trust - conveyance of assets

For most of your assets retitling is so easy it would be silly to pay someone to do it. When left to fund their own trusts, most will either not do it or will do it incorrectly. I think "most" may be a bit extreme, but I really don't know the breakdowns. We do hear multiple reports that one of the ...
by FIREchief
Sat Jul 14, 2018 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: Another Trust Question
Replies: 12
Views: 996

Re: Another Trust Question

FIREChief... I'm not sure I made myself clear on the purpose of the trust. It's to provide a pot of money my successor trustee can spend as needed caring for my incapacitated spouse.... nursing home, prescription copays averaging $500 per month, etc. She is unable to manage the money herself due to...
by FIREchief
Fri Jul 13, 2018 9:49 pm
Forum: Personal Finance (Not Investing)
Topic: Another Trust Question
Replies: 12
Views: 996

Re: Another Trust Question

FIREChief... I'm not sure I made myself clear on the purpose of the trust. It's to provide a pot of money my successor trustee can spend as needed caring for my incapacitated spouse.... nursing home, prescription copays averaging $500 per month, etc. She is unable to manage the money herself due to...
by FIREchief
Fri Jul 13, 2018 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: Living Revocable Trust - conveyance of assets
Replies: 11
Views: 766

Re: Living Revocable Trust - conveyance of assets

afan wrote:
Fri Jul 13, 2018 4:36 pm
If you put real estate into the trust be sure to check with the attorney about whether this impacts your insurance.
And, regardless of what your attorney tells you, notify your insurance company as well.
by FIREchief
Fri Jul 13, 2018 5:53 pm
Forum: Personal Finance (Not Investing)
Topic: Another Trust Question
Replies: 12
Views: 996

Re: Another Trust Question

FIREChief... I'm not sure I made myself clear on the purpose of the trust. It's to provide a pot of money my successor trustee can spend as needed caring for my incapacitated spouse.... nursing home, prescription copays averaging $500 per month, etc. She is unable to manage the money herself due to...
by FIREchief
Fri Jul 13, 2018 5:48 pm
Forum: Personal Finance (Not Investing)
Topic: Another Trust Question
Replies: 12
Views: 996

Re: Another Trust Question

DaBombCat wrote:
Fri Jul 13, 2018 4:20 pm
This is a silly question on my part, but what is DW?
Da Wife?
Dear Wife, but I suppose "Da Wife" could work just as well!
by FIREchief
Fri Jul 13, 2018 3:19 pm
Forum: Personal Finance (Not Investing)
Topic: Would you trade experiences in your youth for early retirement
Replies: 81
Views: 5132

Re: Would you trade experiences in your youth for early retirement

I wouldn't trade FIRE for a lifetime of world travel. That's partly because I really don't like long trips and there are many enjoyable experiences one can "invest" in with their families that have no impact on saving for FIRE. Why do so many equate "great experiences" with "spending a lot of $$$?" ...
by FIREchief
Fri Jul 13, 2018 3:12 pm
Forum: Investing - Help with Personal Investments
Topic: massive Roth conversion
Replies: 39
Views: 3091

Re: massive Roth conversion

From my perspective the older you are the less valuable Roth conversions become because you have fewer years to take advantage of the tax-free gains (assuming the conversion is not for estate purposes to potentially pass the Roth proceeds to someone in a higher tax bracket). I would suggest that it...
by FIREchief
Fri Jul 13, 2018 3:08 pm
Forum: Personal Consumer Issues
Topic: When does frugal cross the line to cheapskate?
Replies: 136
Views: 9431

Re: When does frugal cross the line to cheapskate?

If my job in life is to make everybody else happy, then I've failed miserably and should be fired (instead of FIREd). There are those who I am responsible to care for, but caring for somebody and making them "happy" can sometimes be two entirely different things. People's happiness in many cases nee...
by FIREchief
Fri Jul 13, 2018 3:02 pm
Forum: Investing - Help with Personal Investments
Topic: New to HSA with Fidelity
Replies: 13
Views: 769

Re: New to HSA with Fidelity

Spirit Rider: I know you are knowledgeable about most of this stuff. I've been out of Megacorp for a while, but seem to recall that they funded an HRA for folks who participated in their annual "we want to help you be healthy" campaign (i.e. lie about a bunch of health stuff on a "private" online su...
by FIREchief
Fri Jul 13, 2018 1:59 pm
Forum: Investing - Help with Personal Investments
Topic: massive Roth conversion
Replies: 39
Views: 3091

Re: massive Roth conversion

............................................................... .................................................................. Another consideration would be whether or not you wish to make Roth contributions, since the phase-out limits would limit how much you can convert. I thought that the M...
by FIREchief
Fri Jul 13, 2018 1:52 pm
Forum: Personal Consumer Issues
Topic: When does frugal cross the line to cheapskate?
Replies: 136
Views: 9431

Re: When does frugal cross the line to cheapskate?

Based on recent threads ... If your vacations consist of free stays at resorts in exchange for timeshare pitches, And dinners out with the spouse consist of investment seminars at local restaurants, You might be a cheapskate. :happy Ouch!! (and "good one" :sharebeer ) I guess that makes FIREchief a...
by FIREchief
Fri Jul 13, 2018 1:38 pm
Forum: Investing - Help with Personal Investments
Topic: New to HSA with Fidelity
Replies: 13
Views: 769

Re: New to HSA with Fidelity

Enrolling in a general purpose FSA will make you ineligible for HSA contributions. You can enroll in a limited purpose (dental/vision) FSA and/or post-deductible FSA. For the last few years an employer can choose whether to offer the traditional 3/15 FSA grace period or an up to $500 rollover, but ...
by FIREchief
Fri Jul 13, 2018 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: Another Trust Question
Replies: 12
Views: 996

Re: Another Trust Question

Since this is not, and never will be a qualified trust I wonder if the Traditional will be considered a taxable withdrawal. If so, this would put it in the married filing jointly 35% tax bracket. Are you sure about this? The boilerplate living trust documents I've seen all tend to include verbage t...
by FIREchief
Fri Jul 13, 2018 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: Another Trust Question
Replies: 12
Views: 996

Re: Another Trust Question

I think you may need a new lawyer. A lot of that doesn't make much sense if your IRA assets are of significant magnitude. I don't see any benefit to naming the living trust as beneficiary of your qualified retirement assets. The only time I've known this to provide value is when the spouses have com...
by FIREchief
Fri Jul 13, 2018 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: I Now Have a Revocable Trust and Have Questions
Replies: 14
Views: 1408

Re: I Now Have a Revocable Trust and Have Questions

Our concern regarding credit protection is only with one child, our son. We are very comfortable in our daughter getting her inheritance directly without the need of a trust. However, our son has a small remodeling business which is a more risky business and he has no health insurance. I assume you...
by FIREchief
Fri Jul 13, 2018 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: Getting both social security and spousal benefit?
Replies: 5
Views: 614

Re: Getting both social security and spousal benefit?

SSA says: If you qualify and apply for your own retirement benefits and for benefits as a spouse, we always pay your own benefits first. If your benefits as a spouse are higher than your own retirement benefits, you will get a combination of benefits equaling the higher spouse benefit. https://www....
by FIREchief
Thu Jul 12, 2018 10:32 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Look Past Expense Ratios
Replies: 71
Views: 5953

Re: Larry Swedroe: Look Past Expense Ratios

Every time I see this thread title I am reminded of one saying. "Pay no attention to the man behind the curtain." :annoyed
.
by FIREchief
Thu Jul 12, 2018 10:22 pm
Forum: Investing - Help with Personal Investments
Topic: New to HSA with Fidelity
Replies: 13
Views: 769

Re: New to HSA with Fidelity

Enrolling in a general purpose FSA will make you ineligible for HSA contributions. You can enroll in a limited purpose (dental/vision) FSA and/or post-deductible FSA. For the last few years an employer can choose whether to offer the traditional 3/15 FSA grace period or an up to $500 rollover, but ...