Search found 333 matches

by FoolStreet
Wed Jan 11, 2017 1:38 pm
Forum: Local Chapters and Bogleheads Community
Topic: Sad News About a Respected Forum Member
Replies: 100
Views: 13193

Re: Sad News About a Respected Forum Member

mcgarrett wrote:I just wanted to say thanks for sharing your knowledge and patiently educating us. I appreciate your honesty and sage advice, and wish you and your family comfort and peace.

McGarrett


+1

Thanks Ole Meph
by FoolStreet
Tue Jan 03, 2017 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Complicated Estate/Trust Questions
Replies: 22
Views: 1772

Re: Complicated Estate/Trust Questions

Interesting. Part of me wondered if you were the owner heir, especially with the lifetime commitment comment. Did you actually pay anything for the house? Is the guilt tripping sib the one who didn't do anything? I think you can use my earlier post as a guideline and plug in your own numbers and ad...
by FoolStreet
Sun Jan 01, 2017 6:05 pm
Forum: Personal Finance (Not Investing)
Topic: Complicated Estate/Trust Questions
Replies: 22
Views: 1772

Re: Complicated Estate/Trust Questions

If people don't have any more of the story than what OP has posted, their opinions of the "owner/heir" will mostly be shaped by what they think of him in the first place. If they think he is caring and generous and honest, they will be happy to do business with him and appreciate the help...
by FoolStreet
Sun Jan 01, 2017 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: Complicated Estate/Trust Questions
Replies: 22
Views: 1772

Re: Complicated Estate/Trust Questions

If people don't have any more of the story than what OP has posted, their opinions of the "owner/heir" will mostly be shaped by what they think of him in the first place. If they think he is caring and generous and honest, they will be happy to do business with him and appreciate the help...
by FoolStreet
Sat Dec 31, 2016 5:19 pm
Forum: Personal Finance (Not Investing)
Topic: Complicated Estate/Trust Questions
Replies: 22
Views: 1772

Re: Complicated Estate/Trust Questions

We really don't have enough information, because we don't know what the "owning heir" paid for the house, or how much was spent on taxes and repairs, or how much the home value appreciated compared to how that money would have done in a simple 3 fund portfolio, for example. It's possible ...
by FoolStreet
Sat Dec 31, 2016 5:14 pm
Forum: Personal Finance (Not Investing)
Topic: Complicated Estate/Trust Questions
Replies: 22
Views: 1772

Re: Complicated Estate/Trust Questions

Agree with the confusion. If the deceased did not own the house, then the will does not cover the house. That transaction was made long ago. If there was no more property to deal with, then no one inherits anything, except perhaps the household contents - old furniture and linens and crock pots. Hm...
by FoolStreet
Sat Dec 31, 2016 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: Complicated Estate/Trust Questions
Replies: 22
Views: 1772

Re: Complicated Estate/Trust Questions

Agree with the confusion. If the deceased did not own the house, then the will does not cover the house. That transaction was made long ago. If there was no more property to deal with, then no one inherits anything, except perhaps the household contents - old furniture and linens and crock pots. Hm...
by FoolStreet
Fri Dec 30, 2016 9:50 pm
Forum: Personal Finance (Not Investing)
Topic: Complicated Estate/Trust Questions
Replies: 22
Views: 1772

Re: Complicated Estate/Trust Questions

I find it hard to believe that an heir was able to refinance a house without also being a co-owner of some kind. The remaining heirs need to look at what kind of contribution the occupying heir gave vs the benefits. For example, who was paying the taxes, insurance, and upkeep? Where there other ser...
by FoolStreet
Fri Dec 30, 2016 9:32 pm
Forum: Personal Finance (Not Investing)
Topic: Complicated Estate/Trust Questions
Replies: 22
Views: 1772

Re: Complicated Estate/Trust Questions

What does the will say? Who is the executor? How much money is involved? What is the house worth, what is the mortgage balance? The will said split 3-ways (3 heirs) even. The current owner is the executor was for all practical purposes. 4-500k, less the value of the remaining mortgage(~100k), net a...
by FoolStreet
Fri Dec 30, 2016 11:12 am
Forum: Personal Finance (Not Investing)
Topic: Complicated Estate/Trust Questions
Replies: 22
Views: 1772

Complicated Estate/Trust Questions

Have you ever seen situations in which someone is not able to manage their finances and asks a related party to take over their house during retirement, refinance in their name and make payments in perpetuity and take on room-rentals to make the monthly mortgage payment? After many years of staying ...
by FoolStreet
Thu Dec 29, 2016 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: Question about trusts & estate
Replies: 40
Views: 3427

Re: Question about trusts & estate

The main difference is that my dad wrote in provisions to give my share to my wife if I predecease my mother. Her new trust could change that. That's a pretty big difference. Are you sure the simplified tax reporting is worth cutting your wife out? Or, more correctly, the risk that your wife would ...
by FoolStreet
Mon Dec 26, 2016 12:17 pm
Forum: Investing - Theory, News & General
Topic: How The UK RDR Ban On Commissions INCREASED Demand For Financial Advice by Michael Kitces
Replies: 4
Views: 434

Re: How The UK RDR Ban On Commissions INCREASED Demand For Financial Advice by Michael Kitces

Read this article today. Thought it might be of interest not only to our friends across the pond (U.K.) but also in light of changes to DoL fiduciary rule and differences between U.K.'s system and ours. Interesting takeaway: But the “surprise”, he reveals, is that the ban on commissions has actuall...
by FoolStreet
Sat Dec 17, 2016 10:27 am
Forum: Investing - Help with Personal Investments
Topic: What to do with VCADX? [Vanguard California Intermediate-Term Tax-Exempt]
Replies: 13
Views: 1015

Re: What to do with VCADX? [Vanguard California Intermediate-Term Tax-Exempt]

Folks, we invested a fair chunk in VCADX several months ago in our IRA and have watched it decline recently (from 11.94 or so where we bought to 11.45 or so recently) with all the interest rate hike fears. We have always subscribed to the theory that bonds are truly to protect against the downside ...
by FoolStreet
Fri Nov 18, 2016 11:19 am
Forum: Investing - Help with Personal Investments
Topic: 1031 exchange - need feedback quickly
Replies: 33
Views: 2197

Re: 1031 exchange - need feedback quickly

Why not interview several DST broker specialists? We spoke to 6 DST brokers before selecting our favorite two to work with. Quick question - Is depreciation on the new property based on 400K or 210k? It would be on $210k I believe. Someone correct me if I'm wrong. Would you mind sharing more about ...
by FoolStreet
Thu Nov 17, 2016 9:25 pm
Forum: Investing - Theory, News & General
Topic: Muni bonds are getting killed. Are you bailing out?
Replies: 88
Views: 13199

Re: Muni bonds are getting killed. Are you bailing out?

Staying the course with my VG muni bond funds. I'm looking forward to reinvesting the higher yields and in the not too distant future using them for funding part of my retirement. In addition, I think of how these low yields/interest rates have impacted all the savers who were counting on that mone...
by FoolStreet
Thu Nov 17, 2016 10:51 am
Forum: Investing - Help with Personal Investments
Topic: 1031 exchange - need feedback quickly
Replies: 33
Views: 2197

Re: 1031 exchange - need feedback quickly

My mom's escrow closed yesterday. She decided to pull out $300k from the 1031 exchange thanks to all of your advice, but she didn't feel right pulling out anymore than that. This puts her asset allocation to around 50% real estate, 50% stocks & bonds. She has 45 days from now to identify proper...
by FoolStreet
Wed Nov 16, 2016 9:34 pm
Forum: Investing - Help with Personal Investments
Topic: Strategy for TLH Munis in Taxable?
Replies: 37
Views: 3299

Re: Strategy for TLH Munis in Taxable?

I, too, am about to TLH from Int Term Tax-Exempt (VWIUX). However, I'd like some clarification before pulling the trigger. I've been automatically reinvesting dividends, but turned that off today. The most recent dividends were paid 10/31. I presume I'm OK if I sell ONLY Specific ID lots acquired p...
by FoolStreet
Wed Nov 16, 2016 1:24 pm
Forum: Investing - Help with Personal Investments
Topic: Strategy for TLH Munis in Taxable?
Replies: 37
Views: 3299

Re: Strategy for TLH Munis in Taxable?

Oh, right. Still, give up 31 days by going to cash means giving up about $400-500 distribution (for about 220k in Munis). I think it makes more sense for us to exchange to CA Long Term and National Limited Term for that reason and also in case bonds go up. I know bonds are generally not volatile co...
by FoolStreet
Wed Nov 16, 2016 1:18 pm
Forum: Investing - Help with Personal Investments
Topic: Strategy for TLH Munis in Taxable?
Replies: 37
Views: 3299

Re: Strategy for TLH Munis in Taxable?

Oh, right. Still, give up 31 days by going to cash means giving up about $400-500 distribution (for about 220k in Munis). I think it makes more sense for us to exchange to CA Long Term and National Limited Term for that reason and also in case bonds go up. I know bonds are generally not volatile co...
by FoolStreet
Wed Nov 16, 2016 11:37 am
Forum: Investing - Help with Personal Investments
Topic: Strategy for TLH Munis in Taxable?
Replies: 37
Views: 3299

Re: Strategy for TLH Munis in Taxable?

I think it makes sense to get the distribution, not sure if it matters before or after. I am a newbie, but I don't like the idea of moving it to cash for 31 days. This means giving up 2 months of distributions, about $800, for 3k of losses. Maybe there is something I'm missing? I will not go to cas...
by FoolStreet
Wed Nov 16, 2016 10:02 am
Forum: Investing - Help with Personal Investments
Topic: Strategy for TLH Munis in Taxable?
Replies: 37
Views: 3299

Re: Strategy for TLH Munis in Taxable?

We split our munis 50/50 in taxable between two funds: IntermTax-Exempt (VWIUX) and CA IntermTax-Exempt Fund (VCADX). After the drop in bonds today, we have about 2k loss in VWIUX and 1k loss in VCADX. Questions: 1. Usually for TLH I check a similar ETF before closing to make sure I'm booking a los...
by FoolStreet
Tue Nov 15, 2016 12:26 pm
Forum: Investing - Theory, News & General
Topic: Muni bonds are getting killed. Are you bailing out?
Replies: 88
Views: 13199

Re: Muni bonds are getting killed. Are you bailing out?

Yes, you can sell and tax loss harvest, and deduct up to a net $3000 against your income (after offsetting any capital gains you may have) You'd need to wait 30 days to go back into that fund, or you could go into another tax free fund immediately (probably not MA specific, but you could look at Va...
by FoolStreet
Mon Nov 14, 2016 7:46 pm
Forum: Investing - Theory, News & General
Topic: Muni bonds are getting killed. Are you bailing out?
Replies: 88
Views: 13199

Re: Muni bonds are getting killed. Are you bailing out?

Apparently as a consequence of Trump becoming POTUS elect, municipal bonds are getting slammed much worse than corporate bonds and somewhat worse than treasuries. The main factors are reported to be: anticipated lowering of tax brackets, anticipated increase in inflation and an anticipated increase...
by FoolStreet
Wed Nov 09, 2016 11:49 pm
Forum: Personal Finance (Not Investing)
Topic: End of year '16 tax planning for Trump 2017
Replies: 5
Views: 2103

End of year '16 tax planning for Trump 2017

Moderators, can we discuss end of year 2016 plans for 2017 expectations? According to his webpage, he will lower marginal rates and repeal AMT on high income earners. Therefore, am I better waiting until 2017 to sell an appreciated asset (rental property)? There are permutations of this question. Is...
by FoolStreet
Wed Nov 09, 2016 11:14 am
Forum: Investing - Help with Personal Investments
Topic: Tax free and AMT free investments
Replies: 11
Views: 1126

Re: Tax free and AMT free investments

Oh I am so sorry if I wasn't clear enough: I do have 401k (maxed out on contributions), have enough in savings for emergencies, can easily take care of debts with my savings and 1) looking for the right funds to invest extra savings (~100k) 2) Find out whether "Life Strategy Moderate Growth Fu...
by FoolStreet
Wed Nov 09, 2016 10:05 am
Forum: Investing - Help with Personal Investments
Topic: Tax free and AMT free investments
Replies: 11
Views: 1126

Re: Tax free and AMT free investments

Please advise if you recommend moving my savings from "Vanguard LifeStrategy Moderate Growth Fund " to "Vanguard California Tax-Exempt Money Market Fund ****" fund? Is that free from AMT, State and Federal taxes? Or should I leave the amount in "Vanguard LifeStrategy Modera...
by FoolStreet
Thu Oct 27, 2016 10:28 am
Forum: Investing - Help with Personal Investments
Topic: California Real Estate, Taxes and Investing
Replies: 3
Views: 609

Re: California Real Estate, Taxes and Investing

I have $100K in savings and am adding to it every month. I already maxed out my Roth IRA and Roth 401k for the year, and have maxed them out for the past 10 years. I live in southern California and currently rent. I plan to potentially use my savings for a down payment on a house in the next few ye...
by FoolStreet
Mon Oct 24, 2016 3:29 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Prime Money Market vs Online Savings
Replies: 32
Views: 2770

Re: Vanguard Prime Money Market vs Online Savings

In general, you're right, the answer is simple: there's no good reason. Between 1971, when money market funds were invented, and about 2008--about 37 years--money market funds paid significantly higher interest than bank accounts, even so-called "money market deposit accounts." So hundred...
by FoolStreet
Sun Oct 23, 2016 4:05 pm
Forum: Investing - Help with Personal Investments
Topic: How should I increase my bond allocation?
Replies: 24
Views: 2798

Re: How should I increase my bond allocation?

Carefully. We are in a period where the future is uncertain, some expect Fed policy shifts, some are holding more cash. If you consider Bonds, give some thought to actual bonds, CDs, or iBonds as you can control the principal loss by holding. If you do a 5-year CD, you can do 5% of portfolio - why ...
by FoolStreet
Sat Oct 22, 2016 11:16 am
Forum: Investing - Help with Personal Investments
Topic: How should I increase my bond allocation?
Replies: 24
Views: 2798

Re: How should I increase my bond allocation?

As I approach retirement, I would like to start increasing my bond allocation by about 1% a year for 5 years, and then 2% a year for 5 years. Do you think I should do it at 1% a year (and rebalance), or wait 5 years and increase it 5%? Does it make a difference? Thanks in advance. I suggest a slow ...
by FoolStreet
Wed Oct 12, 2016 10:07 pm
Forum: Personal Finance (Not Investing)
Topic: $200k in Cash reserves with $50k in emergency fund question
Replies: 25
Views: 4953

Re: $200k in Cash reserves with $50k in emergency fund question

You need to get comfortable researching the bond fund duration (kind of like average term, used when thinking about interest rate risk), and SEC rate (forward looking rate, not historical). Make a table comparing rate, after tax rate, duration. Compare the bond funds with CD and HY savings accounts...
by FoolStreet
Wed Oct 12, 2016 9:58 pm
Forum: Personal Finance (Not Investing)
Topic: Leasing a Car with Intention to Buy at End
Replies: 40
Views: 3656

Re: Leasing a Car with Intention to Buy at End

Hello, Can you please humor me and answer this question. I know everyone will say leasing is bad if you keep a car for more than 5 years or drive a lot of miles. But I have a questions regarding leasing and buying at the end. Ive read a couple threads with views on both lease vs buy but am still ha...
by FoolStreet
Sun Oct 09, 2016 9:44 am
Forum: Personal Finance (Not Investing)
Topic: $200k in Cash reserves with $50k in emergency fund question
Replies: 25
Views: 4953

Re: $200k in Cash reserves with $50k in emergency fund question

VCSH, Vanguard Short Term Bond Fund, is currently yielding 2%, and has an average effective duration of 2.78 years, and has no more than 0.5% of assets invested in any one firm. Yes you can lose money, but it is highly unlikely that you would lose much. I use this fund for my primary bond fund. Ral...
by FoolStreet
Sat Oct 08, 2016 10:53 am
Forum: Personal Finance (Not Investing)
Topic: $200k in Cash reserves with $50k in emergency fund question
Replies: 25
Views: 4953

Re: $200k in Cash reserves with $50k in emergency fund question

jf89 , thanks for the info, the whole house deal has been "maybe this year" for the last couple of years, but been postponed because when I look at the amount I can save by staying put, as well as my son's school situation, it's been getting postponed. Now we are planning to postpone it f...
by FoolStreet
Fri Oct 07, 2016 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Is Private high school in the good school district worth investing?
Replies: 78
Views: 7086

Re: Is Private high school in the good school district worth investing?

Just curious from looking at your past posts....do you donate the thousand dollar plus per kid that the public school foundation asks? 3k donation per year donation is cheaper than 80k/year private tuition. Lot cheaper than private schools. When I wrote the last post about school donation last year...
by FoolStreet
Fri Oct 07, 2016 9:51 am
Forum: Personal Finance (Not Investing)
Topic: $200k in Cash reserves with $50k in emergency fund question
Replies: 25
Views: 4953

Re: $200k in Cash reserves with $50k in emergency fund question

You might consider a short term bond fund, possibly Vanguard's Limited Term muni fund. Consider Vanguard's Intermediate Term muni fund as well. Choose bond funds only if you're OK with principal fluctuation. We've used these 2 funds in anticipation of another home purchase which now has been put on...
by FoolStreet
Sun Oct 02, 2016 10:51 pm
Forum: Personal Finance (Not Investing)
Topic: Is Private high school in the good school district worth investing?
Replies: 78
Views: 7086

Re: Is Private high school in the good school district worth investing?

Hello I am always appreciated all the bogleheader's sensible, useful opinions. I am raising two kids in SF bay area, 6th and 4th, both going to public school in the peninsula area with a very good school district. It may be too early to say, but both of my kids have strong academics, always get ver...
by FoolStreet
Sat Oct 01, 2016 3:19 pm
Forum: Investing - Theory, News & General
Topic: Why are tax-exempt money market yields so high?
Replies: 21
Views: 3824

Re: Why are tax-exempt money market yields so high?

I am very curious about this, but don't understand it in lay and terms. Practically speaking, can I use the ca or national tax exempt money market funds instead of my CapitalOne 360 High Yield Savings account? Mathematically, it looks like a good option, but I don't think I understand the risks asso...
by FoolStreet
Sat Oct 01, 2016 1:55 pm
Forum: Investing - Help with Personal Investments
Topic: A broker's response to 3 Fund Portfolio
Replies: 61
Views: 6298

Re: A broker's response to 3 Fund Portfolio

I am trying to help my wonderful bride modify her Schwab holdings of approximately $500K. I'm happy to list them out the funds in the portfolio individually if necessary but there are about 25 funds that she is currently in. I suggested the 3 Fund Portfolio based upon similar Schwab holdings: Schwa...
by FoolStreet
Mon Sep 19, 2016 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: Questions for Insurance Salesman on Whole Life Policy
Replies: 59
Views: 4231

Re: Questions for Insurance Salesman on Whole Life Policy

I showed this thread to my wife and it reassured her that should the unfortunate happen, it wouldn't be a big financial problem for us, even without insurance. So, my plan of action is to pick up another 20y term policy for $500,000 on myself, and then drop all the whole life policies. Is there any...
by FoolStreet
Mon Sep 19, 2016 4:53 am
Forum: Investing - Help with Personal Investments
Topic: Any concern about the drop in price of Vanguard Intermediate term municipal bond fund?
Replies: 33
Views: 2793

Re: Any concern about the drop in price of Vanguard Intermediate term municipal bond fund?

So based on what everyone has written in their posts, should we just "stay the course" even though the price/share dropped in the intermediate-term tax exempt muni bond fund? Take a loss in the principal? Hope that over time the monthly payments can make up for it? Thanks. Stay the course...
by FoolStreet
Thu Sep 15, 2016 11:33 pm
Forum: Personal Finance (Not Investing)
Topic: New Guy Looking for Advice [Take ownership of grandparent's rental property?]
Replies: 23
Views: 1454

Re: New Guy Looking for Advice [Take ownership of grandparent's rental property?]

They are currently not willing to sell the property, however, they are willing to let me take control of it and allow me to take a HELOC or mortgage out on the property. The trade off is that they will receive the rent money from the two renters and I have to pay for a small remodel and renovation ...
by FoolStreet
Thu Sep 15, 2016 11:11 pm
Forum: Personal Finance (Not Investing)
Topic: Questions for Insurance Salesman on Whole Life Policy
Replies: 59
Views: 4231

Re: Questions for Insurance Salesman on Whole Life Policy

I'm meeting with my insurance salesman tomorrow night. It's an annual review sort of meeting, mostly financial planning type stuff. But since I joined this forum, I've seen all the whole life policy hate and feeling a little uncomfortable, considering everyone in my family has a whole life policy o...
by FoolStreet
Thu Sep 15, 2016 11:07 pm
Forum: Investing - Help with Personal Investments
Topic: Money Market or Vanguard Short-Term Investment-Grade?
Replies: 7
Views: 1141

Re: Money Market or Vanguard Short-Term Investment-Grade?

I just want to make sure that you know how to evaluate bond funds. You should be looking at the SEC yield for forward expected yield. The returns are backward looking. Also, consider a rough rule of thumb that you can see losses of 1% per year of duration, for every 1% increase in rates. If the mar...
by FoolStreet
Thu Sep 15, 2016 10:58 pm
Forum: Personal Finance (Not Investing)
Topic: Estate planning in bay area, California
Replies: 4
Views: 1005

Re: Estate planning in bay area, California

Hi all, I attended a seminar in the bay area by a couple of lawyers from orange county. It was a good seminar, I got a very brief overview of probate courts (and the need to avoid them), revocable living trusts, a will, medical directives. but I am not sure on what to look for when deciding how to ...
by FoolStreet
Wed Sep 14, 2016 11:30 pm
Forum: Investing - Help with Personal Investments
Topic: Money Market or Vanguard Short-Term Investment-Grade?
Replies: 7
Views: 1141

Re: Money Market or Vanguard Short-Term Investment-Grade?

I just asked for others' experience regarding various large banks money market funds. Now I'm asking for opinion on using those bank money market funds versus Vanguard Short-Term Investment-Grade. I'm still in the midst of deciding where I want to invest my safe money for the long run with retireme...
by FoolStreet
Sun Sep 11, 2016 11:38 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio advice - help me guide my 80 year old mother!
Replies: 8
Views: 776

Re: Portfolio advice - help me guide my 80 year old mother!

RE: student- I interpreted that sentence to mean the $60k includes both Social Security and the pensions combined. Ahh. I see. I parsed it incorrectly. It is $60K annually via (Social Security + pensions my father has) and not ($60K annually via Social Security) + (pensions my father has) PEMDAS! :-)
by FoolStreet
Fri Sep 09, 2016 10:07 pm
Forum: Personal Finance (Not Investing)
Topic: New Guy Looking for Advice [Take ownership of grandparent's rental property?]
Replies: 23
Views: 1454

Re: New Guy Looking for Advice [Take ownership of grandparent's rental property?]

Hello Everyone, I am a new member here looking for some information about a opportunity that I may have. There is a duplex that is owned by my grandparents who are older in age and in questionable health, hopefully they have a long time left but they are unable to keep up with certain things like m...
by FoolStreet
Thu Sep 08, 2016 6:24 pm
Forum: Local Chapters and Bogleheads Community
Topic: San Jose, CA Area Bogleheads Chapter
Replies: 54
Views: 10869

Re: San Jose, CA Area Bogleheads Chapter

Curious if the locals can comment on estate planning professionals & co-trustees & investment managers who use passive and index funds with a 3 fund folio. I'm doing estate plans and would like to name a corporate co-trustee for a beneficiary in case I pass. Who do you all use? (Vanguard may...
by FoolStreet
Wed Sep 07, 2016 12:09 am
Forum: Personal Finance (Not Investing)
Topic: Is the landlord legaly required to repaint the rental unit while the tenant living there?
Replies: 16
Views: 3123

Re: Is the landlord legaly required to repaint the rental unit while the tenant living there?

Hello. We are family of 4 and living in the SF bay area. We've been renting house in the peninsula area, and the rent was raised $1000 over 5 years. The house was built in 1930's and it has never been remodeled, pretty old house. Now, the wall in the living room and the second bed room, and doors n...

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