Search found 809 matches

by FIREchief
Sun Jun 25, 2017 3:55 pm
Forum: Investing - Theory, News & General
Topic: Yes, This Is Market Timing: If the CAPE Goes Above 30, Bring on the Larry
Replies: 13
Views: 495

Re: Yes, This Is Market Timing: If the CAPE Goes Above 30, Bring on the Larry

Making radical changes to a portfolio based on a strictly backwards looking metric, that has never been a consistently reliable predictor of market performance, seems to be extremely risky.
by FIREchief
Sun Jun 25, 2017 5:49 am
Forum: Investing - Help with Personal Investments
Topic: Use my HSA for another person
Replies: 7
Views: 481

Re: Use my HSA for another person

Thanks for that clarification.
by FIREchief
Sun Jun 25, 2017 5:12 am
Forum: Investing - Help with Personal Investments
Topic: Use my HSA for another person
Replies: 7
Views: 481

Re: Use my HSA for another person

Are LTC insurance premiums even a qualified expense? I didn't think so.

That said, technically the answer would be yes if you are willing to pay current taxes plus a 20% penalty (if under age 65).
by FIREchief
Sun Jun 25, 2017 5:06 am
Forum: Personal Finance (Not Investing)
Topic: HSAs and "Saving Medical Receipts"
Replies: 96
Views: 6597

Re: HSAs and "Saving Medical Receipts"

You cannot use the HSA to pay premiums for Medicare Supplement Policies Apparently there are exceptions, including for employer sponsored supplements. https://www.bogleheads.org/forum/viewtopic.php?f=2&t=220853&p=3406522#p3406522 Otherwise at age 66, you do not pay the 10% penalty for withd...
by FIREchief
Sun Jun 25, 2017 4:57 am
Forum: Personal Finance (Not Investing)
Topic: If I want to have a safe portfolio in case of...
Replies: 23
Views: 1511

Re: If I want to have a safe portfolio in case of...

Mrxyz wrote: Oh, how I wish I can see the future etc etc..........


Careful with that one. You might see the buying opportunity of the century, but also see that you won't live to enjoy the windfall. :oops:
by FIREchief
Sat Jun 24, 2017 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance Company: "Why do you need so much coverage?"
Replies: 17
Views: 1141

Re: Insurance Company: "Why do you need so much coverage?"

Thesaints wrote:If you don't have a million in assets, why would you insure that much ?


Is future income an "asset?" It may vary by state.....
by FIREchief
Sat Jun 24, 2017 5:06 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Fund Hell
Replies: 66
Views: 7595

Re: Trust Fund Hell

nedsaid wrote: I don't know, if somebody delivered me $60,000; I would be whooping and hollering and celebrating.


Until you find out that it could/should have been $120,000. :P
by FIREchief
Sat Jun 24, 2017 2:43 am
Forum: Investing - Theory, News & General
Topic: Anything wrong with 100% US Stocks?
Replies: 35
Views: 2238

Re: Anything wrong with 100% US Stocks?

No. Nothing at all.
by FIREchief
Sat Jun 24, 2017 2:38 am
Forum: Investing - Help with Personal Investments
Topic: [Kicked out of Vanguard; Moving to Merrill]
Replies: 20
Views: 1952

Re: Kicked out of Vanguard; now what

I spoke with several attorneys. None would take my case. They felt my company was to big. Strange huh? It ended well for me. I got 9 months pay and benefits and unemployment. I wanted to quit anyhow. Ah, the rest of the story...... :D A "voluntary layoff" where you signed away your rights...
by FIREchief
Fri Jun 23, 2017 7:35 pm
Forum: Investing - Theory, News & General
Topic: Anyone have a habit of checking the market all day?
Replies: 38
Views: 2221

Re: Anyone have a habit of checking the market all day?

Nah.... Set it? Absolutely. Forget it? It really doesn't matter. If you can commit to buy and hold, then it makes no difference if you look or not. Contrary to popular opinion, I've always recommended not only "peaking," but staring full on into the eyes of the beast. Having held firm thro...
by FIREchief
Fri Jun 23, 2017 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Fund Hell
Replies: 66
Views: 7595

Re: Trust Fund Hell

(multiple mucked up quotes removed - Afull being quoted as FIREchief and FIREchief being quoted as Afull) I just can't ascribe to one size fits all in investing, trust management, etc. To your question about success stories, one thing I've noticed on this forum and every other place I've been, neve...
by FIREchief
Fri Jun 23, 2017 12:45 am
Forum: Personal Finance (Not Investing)
Topic: Living Trust as beneficiary of HSA
Replies: 0
Views: 144

Living Trust as beneficiary of HSA

I understand that in most/all cases, a married person should name their spouse as the primary beneficiary of an HSA. If the spouse is deceased, I am aware of two common options: a) Name children as primary beneficiaries b) Name an existing Living Trust as beneficiary The IRS is clear that if the chi...
by FIREchief
Thu Jun 22, 2017 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Services
Replies: 62
Views: 4862

Re: Trust Services

I will add that in some states (but not all), allowing the trust beneficiary to serve as trustee or co-trustee does NOT reduce asset protection. This is likely the best scenario for many, assuming that the beneficiary is responsible and capable of making wise investment choices.
by FIREchief
Thu Jun 22, 2017 2:23 am
Forum: Investing - Theory, News & General
Topic: Email from VG - Vanguard Rep is on Leave ??
Replies: 22
Views: 2672

Re: Email from VG - Vanguard Rep is on Leave ??

SpartanFan wrote:I received an Email today indicating my rep was on leave.



This all just sounds silly. Can you post the actual text of the email? Most legit companies would just notify you that your rep has changed from "Mr. Smartguy" to "Ms. Betterinvestor."
by FIREchief
Thu Jun 22, 2017 12:42 am
Forum: Investing - Help with Personal Investments
Topic: [Kicked out of Vanguard; Moving to Merrill]
Replies: 20
Views: 1952

Re: Kicked out of Vanguard; now what

I am a USA citizen born in Massachusetts. I am Resident in the USA and will remain so. Lucky me. I got sick in 2016 and needed surgery. While on medical leave of absence for only 2 months my company of 35 years told me I had no job to go to and laid me off. I was 56 and planned to retire soon anywa...
by FIREchief
Wed Jun 21, 2017 10:39 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard restricts my account due to mail?
Replies: 41
Views: 2752

Re: Vanguard restricts my account due to mail?

Why not call them and correct it? Mistakes happen in every mega large company every day. Yet, we never hear about this sort of thing happening with Fidelity...... Just sayin! :D ...nor Schwab...! :D I'm sure nothing like this has ever happened before in history. Edit: Quick Google search "I am...
by FIREchief
Wed Jun 21, 2017 9:50 pm
Forum: Personal Finance (Not Investing)
Topic: What does it mean to be a board-certified elder law attorney?
Replies: 10
Views: 857

Re: What does it mean to be a board-certified elder law attorney?

See here: http://elder.findlaw.com/what-is-elder-law/what-is-a-certified-elder-law-attorney.html Sounds like most professional "certifications." You pay them some $$$, take some classes and pass a test. They give you a fancy looking certificate to hang onto your wall. Not a bad thing, but...
by FIREchief
Wed Jun 21, 2017 8:03 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard restricts my account due to mail?
Replies: 41
Views: 2752

Re: Vanguard restricts my account due to mail?

knpstr wrote:Why not call them and correct it?
Mistakes happen in every mega large company every day.



Yet, we never hear about this sort of thing happening with Fidelity...... Just sayin! :D
by FIREchief
Wed Jun 21, 2017 8:00 pm
Forum: Personal Finance (Not Investing)
Topic: Windfall inheritance and new home
Replies: 20
Views: 1581

Re: Windfall inheritance and new home

If you are happy in your current life style, why change it? You may wish to spend some time figuring out how to avoid exposure to estate taxes.
by FIREchief
Wed Jun 21, 2017 7:55 pm
Forum: Personal Finance (Not Investing)
Topic: Tracking towards a million and retiring at 55.
Replies: 38
Views: 5356

Re: Tracking towards a million and retiring at 55.

Gill wrote:
BigLaw Survivor wrote:What will your monthly pension be at 55 and is it taxable?

Are there pensions that are not taxable?
Gill


Probably not, but if somebody contributes after-tax dollars towards their future pension benefit, then a portion is not taxable.
by FIREchief
Wed Jun 21, 2017 12:49 am
Forum: Investing - Help with Personal Investments
Topic: [Kicked out of Vanguard; Moving to Merrill]
Replies: 20
Views: 1952

Re: Kicked out of Vanguard; now what

I spoke with several attorneys. None would take my case. They felt my company was to big. Strange huh? It ended well for me. I got 9 months pay and benefits and unemployment. I wanted to quit anyhow. Ah, the rest of the story...... :D A "voluntary layoff" where you signed away your rights...
by FIREchief
Wed Jun 21, 2017 12:23 am
Forum: Investing - Help with Personal Investments
Topic: [Kicked out of Vanguard; Moving to Merrill]
Replies: 20
Views: 1952

Re: Kicked out of Vanguard; now what

I am a USA citizen born in Massachusetts. I am Resident in the USA and will remain so. Lucky me. I got sick in 2016 and needed surgery. While on medical leave of absence for only 2 months my company of 35 years told me I had no job to go to and laid me off. I was 56 and planned to retire soon anywa...
by FIREchief
Tue Jun 20, 2017 7:43 pm
Forum: Personal Finance (Not Investing)
Topic: What insurance company has the best coverage for auto, renters, and umbrella?
Replies: 28
Views: 2075

Re: What insurance company has the best coverage for auto, renters, and umbrella?

I have been with my current insurance company for over a decade. They happen to also be my employer. I found out that they illegally terminated my friend who had cancer due to disability discrimination, so I cannot trust this company any further. I'm looking for a new insurance company for auto, re...
by FIREchief
Tue Jun 20, 2017 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: Siblings in disagreement over mom's house.
Replies: 241
Views: 16100

Re: Siblings in disagreement over mom's house.

In my family our parents and grandparents generation left their homes to their children equally. The intent was not to split the proceeds in equal amounts. What they really wanted was for the siblings to remain close and use the money to take care of each for the rest of their lives as the parents ...
by FIREchief
Tue Jun 20, 2017 5:53 pm
Forum: Personal Finance (Not Investing)
Topic: Siblings in disagreement over mom's house.
Replies: 241
Views: 16100

Re: Siblings in disagreement over mom's house.

As another option..... Where I live we see advertisements from places that "buy junk houses" for cash. I don't know what kinds of people/individuals are involved, but it may be that somebody out there with an LLC would be interested in buying a 60% share of this house at a large discount (...
by FIREchief
Mon Jun 19, 2017 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: Siblings in disagreement over mom's house.
Replies: 241
Views: 16100

Re: Siblings in disagreement over mom's house.

psteinx wrote:
1) A final get-together at the house, for everyone. Perhaps with a party-ish theme of the sort that your parents enjoyed (cookout, campout, booze, or whatever else your parents may have enjoyed).


There is no way I would add booze to this mix. :twisted:
by FIREchief
Mon Jun 19, 2017 6:58 pm
Forum: Personal Finance (Not Investing)
Topic: inherited IRA in community property state requires spousal consent for non-spousal beneficiary
Replies: 32
Views: 1863

Re: inherited IRA in community property state requires spousal consent for non-spousal beneficiary

The assets may be separate but if you die your spouse is the default beneficiary. If you are married, your spouse has to sign off to list a different beneficiary, eg if you want the assets to transfer directly to your kids. Seems reasonable. What's the problem? What if this is a 2nd wife/husband si...
by FIREchief
Sun Jun 18, 2017 5:16 am
Forum: Personal Finance (Not Investing)
Topic: How best to Donate?
Replies: 20
Views: 1210

Re: How best to Donate?

Charitable lead trust A charitable lead trust (CLT) provides payments to charity for a specified number of years (most commonly 15 or 20 years, though sometimes a different term), with remainder to or in trust for yourself or (more often) family members. The most common form is an annuity trust whe...
by FIREchief
Sat Jun 17, 2017 7:50 pm
Forum: Personal Finance (Not Investing)
Topic: HSAs and "Saving Medical Receipts"
Replies: 96
Views: 6597

Re: HSAs and "Saving Medical Receipts"

The contention was between those who say "Everybody always gets an EOB" and those who say "Somebody sometimes doesn't get an EOB". The positions are extremely asymmetrical. I searched the entire thread and was unable to find any of the posts from those who say "Everybody al...
by FIREchief
Sat Jun 17, 2017 7:34 pm
Forum: Personal Finance (Not Investing)
Topic: Siblings in disagreement over mom's house.
Replies: 241
Views: 16100

Re: Siblings in disagreement over mom's house.

Okay, I've got the answer. Who is paying the property taxes? I'm guessing one (or all) of the "sellers." Stop that!! The county will eventually place a lien on the property. If the "keepers" still won't budge, let the county sell it at auction. The OP should get one fifth of the...
by FIREchief
Sat Jun 17, 2017 5:30 pm
Forum: Personal Finance (Not Investing)
Topic: Unable to Access POA in Revocable Trust
Replies: 30
Views: 1741

Re: Unable to Access POA in Revocable Trust

I'm confused by a few things here. Isn't a durable power of attorney normally a separate document from a revocable trust? If so, shouldn't the grantor have provided it (or at least made it easily accessible) to the person named as POA? While the grantor was still alive, the POA should have been able...
by FIREchief
Sat Jun 17, 2017 5:14 pm
Forum: Personal Finance (Not Investing)
Topic: Siblings in disagreement over mom's house.
Replies: 241
Views: 16100

Re: Siblings in disagreement over mom's house.

Okay, I've got the answer. Who is paying the property taxes? I'm guessing one (or all) of the "sellers." Stop that!! The county will eventually place a lien on the property. If the "keepers" still won't budge, let the county sell it at auction. The OP should get one fifth of the...
by FIREchief
Sat Jun 17, 2017 5:10 pm
Forum: Personal Finance (Not Investing)
Topic: Siblings in disagreement over mom's house.
Replies: 241
Views: 16100

Re: Siblings in disagreement over mom's house.

How about gifting your shares? You and your siblings that don't want it can gift shares to the others that want it. I don't see why you would fight over approx. 50k. Stunned by this response. 50k is material to an individual. Why you are so stunned? Just an suggestion to keep family harmony. If it ...
by FIREchief
Fri Jun 16, 2017 11:56 pm
Forum: Personal Finance (Not Investing)
Topic: Siblings in disagreement over mom's house.
Replies: 241
Views: 16100

Re: Siblings in disagreement over mom's house.

How about gifting your shares? You and your siblings that don't want it can gift shares to the others that want it. I don't see why you would fight over approx. 50k. Really? That is 2 years of college for one of my kids. Yep, that's just crazy talk. Not many of us that would give away $50K just to ...
by FIREchief
Fri Jun 16, 2017 11:53 pm
Forum: Personal Finance (Not Investing)
Topic: Siblings in disagreement over mom's house.
Replies: 241
Views: 16100

Re: Siblings in disagreement over mom's house.

boglephreak wrote:partition sale.


What exactly is this, and will it provide more cash than my suggestion, to the OP, when all is said and done? (don't forget legal fees)
by FIREchief
Fri Jun 16, 2017 11:37 pm
Forum: Personal Finance (Not Investing)
Topic: Siblings in disagreement over mom's house.
Replies: 241
Views: 16100

Re: Siblings in disagreement over mom's house.

Okay, I've got the answer. Who is paying the property taxes? I'm guessing one (or all) of the "sellers." Stop that!! The county will eventually place a lien on the property. If the "keepers" still won't budge, let the county sell it at auction. The OP should get one fifth of the ...
by FIREchief
Fri Jun 16, 2017 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: inherited IRA in community property state requires spousal consent for non-spousal beneficiary
Replies: 32
Views: 1863

Re: inherited IRA in community property state requires spousal consent for non-spousal beneficiary

The assets may be separate but if you die your spouse is the default beneficiary. I believe that if you die without a beneficiary designation, the estate receives the IRA. I don't think there is such a thing as a "default beneficiary" for an IRA. If you are married, your spouse has to sig...
by FIREchief
Fri Jun 16, 2017 2:45 am
Forum: Personal Finance (Not Investing)
Topic: inherited IRA in community property state requires spousal consent for non-spousal beneficiary
Replies: 32
Views: 1863

Re: inherited IRA in community property state requires spousal consent for non-spousal beneficiary

I am very surprised that a certain IRA custodian requires that for an inherited IRA (from a non-spouse), when they are residents of a community property state, a spouse must consent for the beneficiary to be anyone other than him/her. I thought inherited assets were considered separate, even in com...
by FIREchief
Fri Jun 16, 2017 2:44 am
Forum: Investing - Theory, News & General
Topic: Anyone else gotten totally bored with investing?
Replies: 92
Views: 7475

Re: Anyone else gotten totally bored with investing?

OP: maybe it's time to move onto estate planning. Figuring out how to invest is simple compared to understanding the many variables of estate planning (both financial and otherwise). Development of long term Roth conversion strategies is another layer to this whole realm.
by FIREchief
Fri Jun 16, 2017 2:36 am
Forum: Personal Finance (Not Investing)
Topic: inherited IRA in community property state requires spousal consent for non-spousal beneficiary
Replies: 32
Views: 1863

Re: inherited IRA in community property state requires spousal consent for non-spousal beneficiary

I am very surprised that a certain IRA custodian requires that for an inherited IRA (from a non-spouse), when they are residents of a community property state, a spouse must consent for the beneficiary to be anyone other than him/her. I thought inherited assets were considered separate, even in com...
by FIREchief
Fri Jun 16, 2017 1:19 am
Forum: Personal Finance (Not Investing)
Topic: inherited IRA in community property state requires spousal consent for non-spousal beneficiary
Replies: 32
Views: 1863

Re: inherited IRA in community property state requires spousal consent for non-spousal beneficiary

I am very surprised that a certain IRA custodian requires that for an inherited IRA (from a non-spouse), when they are residents of a community property state, a spouse must consent for the beneficiary to be anyone other than him/her. I thought inherited assets were considered separate, even in com...
by FIREchief
Thu Jun 15, 2017 10:54 pm
Forum: Investing - Theory, News & General
Topic: 30 yr TIPS auction 6/22: yield 1.0%?
Replies: 37
Views: 3490

Re: 30 yr TIPS auction 6/22: yield 1.0%?

Thanks for the correction. That's kind of bad for fidelity to screw up that way! (And me too of course for not double-checking their figures against the auction announcement...) It's not a screw up. Fidelity uses then-current data to estimate the bond's price at auction, but they qualify it as only...
by FIREchief
Thu Jun 15, 2017 10:07 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Fund Hell
Replies: 66
Views: 7595

Re: Trusts at Vanguard

We've heard that Vanguard is willing to use low cost index funds for Trust investments, we just haven't heard any reports of actual successful experiences. FIREchief: I have a friend who has nine trusts with Vanguard. All nine are invested in The Three-Fund Portfolio. Best wishes. Taylor Thanks Tay...
by FIREchief
Thu Jun 15, 2017 9:59 pm
Forum: Investing - Theory, News & General
Topic: 30 yr TIPS auction 6/22: yield 1.0%?
Replies: 37
Views: 3490

Re: 30 yr TIPS auction 6/22: yield 1.0%?

According to fidelity, indexed principal is now at $1,011.48 and accrued interest is $2.958. Those are the values on 6/16/2017. But the relevant figures are the ones on 6/30/2017, the date the TIPS will be issued. The index ratio on that date is 1.01287 and the adjusted accrued interest is $3.30512...
by FIREchief
Thu Jun 15, 2017 9:56 pm
Forum: Personal Finance (Not Investing)
Topic: Estimated Tax Underpayment Penalty
Replies: 9
Views: 903

Re: Estimated Tax Underpayment Penalty

The dollar amount is trivial and really just amounts to paying interest at slightly over what you might pay on your HELOC. The more meaningful concern is just having to deal with the hassle of that non-trivial IRS form to calculate what you owe (there may be an option for them to do the calculation ...
by FIREchief
Thu Jun 15, 2017 9:52 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Fund Hell
Replies: 66
Views: 7595

Re: Trusts at Vanguard

We've heard that Vanguard is willing to use low cost index funds for Trust investments, we just haven't heard any reports of actual successful experiences. FIREchief: I have a friend who has nine trusts with Vanguard. All nine are invested in The Three-Fund Portfolio. Best wishes. Taylor Thanks Tay...
by FIREchief
Thu Jun 15, 2017 8:45 pm
Forum: Investing - Theory, News & General
Topic: 30 yr TIPS auction 6/22: yield 1.0%?
Replies: 37
Views: 3490

Re: 30 yr TIPS auction 6/22: yield 1.0%?

According to fidelity, indexed principal is now at $1,011.48 and accrued interest is $2.958. Those are the values on 6/16/2017. But the relevant figures are the ones on 6/30/2017, the date the TIPS will be issued. The index ratio on that date is 1.01287 and the adjusted accrued interest is $3.30512...

Go to advanced search