Search found 280 matches

by FoolStreet
Thu Aug 18, 2016 2:20 am
Forum: Personal Finance (Not Investing)
Topic: Gifting whole estate in life
Replies: 77
Views: 4092

Re: Gifting whole estate in life

Hi, everyone. I haven't had a chance to thoroughly go through all your responses yet, and reply to you all, but I wanted to thank you all in advance for such a great turn out, especially some of the more on-point replies. I really value your experience and advice, which is why I'm here on this foru...
by FoolStreet
Thu Aug 18, 2016 2:09 am
Forum: Personal Finance (Not Investing)
Topic: Gifting whole estate in life
Replies: 77
Views: 4092

Re: Gifting whole estate in life

With all due respect, I think Jack, not Dudube, needs to talk to an elder law attorney. At best, Dudube seems blind to his conflicts of interest. I know well a family that had a similar situation and resolved it completely differently. Elderly mom, widowed, two adult offspring. One of the offspring...
by FoolStreet
Fri Aug 05, 2016 1:35 pm
Forum: Investing - Help with Personal Investments
Topic: Struggling with maxing out Roths. Advice?
Replies: 40
Views: 1956

Re: Struggling with maxing out Roths. Advice?

I would not put any money into 529 plans until the Roths are funded. One can always withdraw contributions from the Roths to pay for college. Plus 529 plan money will hurt a family more than Roth IRA money when it comes to financial aid. Since your family is "Struggling with maxing out Roths&q...
by FoolStreet
Sun Jun 12, 2016 6:30 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Total World Stock Index VTWSX Foreign Tax Credit
Replies: 7
Views: 823

Re: Vanguard Total World Stock Index VTWSX Foreign Tax Credit

FRT15 wrote:Thanks everyone for your responses. I feel like I have a good understanding now.


There was some discussion on another thread that stated high tax rate earners would not get as much benefit. It was hard to understand, so we should either discuss it again, or go back and re read the other thread.
by FoolStreet
Fri Jun 03, 2016 2:53 pm
Forum: Investing - Help with Personal Investments
Topic: Help me help my retiring mother (public school teacher w/ CalSTRS/403b annuity)
Replies: 42
Views: 2892

Re: Help me help my retiring mother (public school teacher w/ CalSTRS/403b annuity)

Correct me if I am wrong, but isnt a guaranteed 3% in today's environment a decent return? One and two year CDs are about 1.3-1.5%; 5 year CDs are about 2.3. I'd love to hear what Steve says, but yes and that is exactly why Mom went 50:50. Having said that, the 3.5 is the "hook" to get yo...
by FoolStreet
Thu Jun 02, 2016 5:18 pm
Forum: Investing - Help with Personal Investments
Topic: Help me help my retiring mother (public school teacher w/ CalSTRS/403b annuity)
Replies: 42
Views: 2892

Re: Help me help my retiring mother (public school teacher w/ CalSTRS/403b annuity)

Correct me if I am wrong, but isnt a guaranteed 3% in today's environment a decent return? One and two year CDs are about 1.3-1.5%; 5 year CDs are about 2.3. I'd love to hear what Steve says, but yes and that is exactly why Mom went 50:50. Having said that, the 3.5 is the "hook" to get yo...
by FoolStreet
Thu Jun 02, 2016 2:23 pm
Forum: Investing - Help with Personal Investments
Topic: Help me help my retiring mother (public school teacher w/ CalSTRS/403b annuity)
Replies: 42
Views: 2892

Re: Help me help my retiring mother (public school teacher w/ CalSTRS/403b annuity)

Thanks for all of the information! I am still trying to get copies of the annuity contracts, but I dont think my advice will change much. This is the advice I am planning on providing to my mother: For the CalSTRS Defined Benefit Supplemental Funds, we are going to try to reverse her election (i.e....
by FoolStreet
Wed Jun 01, 2016 6:20 pm
Forum: Investing - Help with Personal Investments
Topic: Help me help my retiring mother (public school teacher w/ CalSTRS/403b annuity)
Replies: 42
Views: 2892

Re: Help me help my retiring mother (public school teacher w/ CalSTRS/403b annuity)

krow, i am reading those articles now as well as trying to find information on the specific annuities online (proving difficult). i asked the agent for the prospectus on each annuity. does anyone know what this means: There are no prospectuses for these accounts because they two of them are Indexed...
by FoolStreet
Wed Jun 01, 2016 3:48 pm
Forum: Investing - Help with Personal Investments
Topic: Help me help my retiring mother (public school teacher w/ CalSTRS/403b annuity)
Replies: 42
Views: 2892

Re: Help me help my retiring mother (public school teacher w/ CalSTRS/403b annuity)

Bottom line: 1. Do not try to figure out all of the details of your mom's annuity. They are extremely complex products. 2. Have her stop contributing NOW! She doesn't need another frozen pension plan, she already has a good one in CalSTRS. 3. I strongly encourage you to go with her to meet with the...
by FoolStreet
Wed Jun 01, 2016 1:28 am
Forum: Investing - Help with Personal Investments
Topic: Help me help my retiring mother (public school teacher w/ CalSTRS/403b annuity)
Replies: 42
Views: 2892

Re: Help me help my retiring mother (public school teacher w/ CalSTRS/403b annuity)

My mother is retiring this year (June) after working as a California public school teacher for a couple decades. Yay! In preparation for her retirement this year, she has met with an annuity advisor and apparently made some decisions as to when to start receiving her annuity payments. I understand ...
by FoolStreet
Tue May 31, 2016 10:39 pm
Forum: Investing - Help with Personal Investments
Topic: Bonds in Taxable if Taxable Needs the Safety?
Replies: 17
Views: 1770

Re: Bonds in Taxable if Taxable Needs the Safety?

Maybe I am wrong, but I just don't see the benefit. Yes but the process of contributing to the 401k reduces my taxable income. So it's different that value came from contributions vs. appreciation. I think the portfolio values are only the same if you exclude the tax deduction related savings from ...
by FoolStreet
Fri May 20, 2016 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: Pride in no inheritance to kids?
Replies: 233
Views: 1826

Re: Pride in no inheritance to kids?

She gave us something more valuable than money. She gave us the ability to stand on our own two feet. That is so much more valuable than money or an inheritance. I'm glad things worked out for you and you didn't suffer too much to learn that important lesson. You actually always had the ability but...
by FoolStreet
Thu May 19, 2016 7:23 pm
Forum: Personal Consumer Issues
Topic: Listening to tunes while exercising
Replies: 29
Views: 2524

Re: Listening to tunes while exercising

Is an iPod Shuffle the best solution? I am seeking something the least cumbersome, easiest to use...but as I recall, those ear buds never stay in my ears....is there some kind of wireless solution? I'm dreaming, right? mostly looking for something to wear while on the treadmill or while outside on ...
by FoolStreet
Thu May 19, 2016 7:20 pm
Forum: Personal Consumer Issues
Topic: Is living in the Bay Area this difficult?
Replies: 49
Views: 7938

Re: Is living in the Bay Area this difficult?

Personally living in a HCOL let me save a ton of money. I got paid enough at a young age to max out 401(k)s and IRAs which I wouldn't have been able to do if I was getting paid 20% less.The higher pay more than compensated for the higher rent I was paying. Now buying a house was a different situati...
by FoolStreet
Wed May 18, 2016 4:51 pm
Forum: Investing - Help with Personal Investments
Topic: When to sell?
Replies: 87
Views: 5008

Re: When to sell?

shakenbake wrote:Is that what you all reference to check the performance of a fund. I had 16,900.00 invested it felt like going no where. The past year really slipped.



I don't mean any disrespect but you have no idea what you are doing.

Buy a life strategy index fund and walk awaay
by FoolStreet
Sat May 14, 2016 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: Unexpected issues: Cancer and Estate planning
Replies: 23
Views: 3573

Re: Unexpected issues: Cancer and Estate planning

My mother was diagnosed with Stage 4 non small cell lung cancer, mets to brain/liver/adrenal/hip/spine. We have advised her to get her affairs in order. When she was still married to our father they established a will that was a little strange- my mother runs a non profit sanctuary for blind cats, ...
by FoolStreet
Fri May 13, 2016 6:34 pm
Forum: Personal Consumer Issues
Topic: Free afternoon and evening in San Jose, CA
Replies: 36
Views: 2001

Re: Free afternoon and evening in San Jose, CA

Ok, on further research I have been convinced to rent a car. Didn't realize it would be so easy to pick one up right next to the convention center. Leaning towards the Big Basin and Santa Cruz trip several of you suggested. Thanks all for the awesome suggestions! Keep it coming if you have a favori...
by FoolStreet
Tue May 10, 2016 9:14 pm
Forum: Investing - Theory, News & General
Topic: Why are state-specific bond funds often long?
Replies: 22
Views: 2631

Re: Why are state-specific bond funds often long?

I am thinking about investing six figures in the T. Rowe Price Maryland Tax Free Bond Fund (MDXBX) slowly over the next 3-4 years, but am a bit hesitant because it is a long bond fund, and everyone on this forum always suggests to stick to intermediate bond funds (ie. Vanguard Intermediate Term Tax...
by FoolStreet
Sun May 08, 2016 5:08 pm
Forum: Investing - Help with Personal Investments
Topic: IRA Annuity big mistake? Need help
Replies: 15
Views: 1402

Re: IRA Annuity big mistake? Need help

Bruce, Thank you for the discussion. I learn so much reading your posts. May I interject some comments and questions? (FYI, I'm in California whereas the OP may not be, so sorry if I confuse anything for OP) 1. OPs mom has her assets in trust for her benefit. It seems you advocate (generally) for as...
by FoolStreet
Wed May 04, 2016 11:24 pm
Forum: Personal Consumer Issues
Topic: acura lease or refinance
Replies: 3
Views: 442

Re: acura lease or refinance

I leased a Prius, then bought it. When I leased, I made sure to get a low money factor and paid invoice. After the lease, when I bought it for real, I dealt directly with the lender (Toyota financial service) NOT the dealership, who wanted to charge $500 to file my paperwork with Toyota financial. D...
by FoolStreet
Tue May 03, 2016 10:32 am
Forum: Personal Finance (Not Investing)
Topic: Capital gains from sale of real estate
Replies: 15
Views: 1610

Re: Capital gains from sale of real estate

First off, I should admit, I'm a big proponent of the notion that decision making is emotional, and not logical, so I'm not ruling out options based solely on expected rate of return... My situation: I have a multi-family apartment building worth about $2M, all equity. It's pretty costly to upkeep,...
by FoolStreet
Sat Apr 30, 2016 12:45 am
Forum: Personal Consumer Issues
Topic: So, are Bogleheads Bourbon or Scotch drinkers?
Replies: 115
Views: 7831

Re: So, are Bogleheads Bourbon or Scotch drinkers?

My regular whiskey is a simple Evan Williams Bourbon. 15$ at Total Wine. 1.75 L. But I do like a good Single Malt. Not so much a Blended guy. Ok. Funny story only a Bogleheads would appreciate. I go to my local liquor store market. I am looking for some bourbon made in Utah to take to a Holiday din...
by FoolStreet
Thu Apr 28, 2016 11:15 am
Forum: Investing - Help with Personal Investments
Topic: HELP - need advisor-leaving advice quick...
Replies: 20
Views: 1684

Re: HELP - need advisor-leaving advice quick...

Glad to see your list. Impressive balances. Nice. Here are some generalities. We usually recommend : 1. Pick your goal AA. You are about 90/10 stocks to fixed income (I'll call Cash FI for simplicity here). What do you want? 2. Figure out your losses on individual shares. You can sell those first a...
by FoolStreet
Thu Apr 28, 2016 12:26 am
Forum: Personal Finance (Not Investing)
Topic: mortgage pre payment, why?
Replies: 101
Views: 11967

Re: mortgage pre payment, why?

CA residents are subject to the AMT, but this may actually make mortgage deductions more valuable. ... +1 I don't understand. Can you elaborate please? I read Kitces article on AMT and it seemed like MFJ is in the AMT hump up until something like $500k income. AMT is incredibly confusing. If you ar...
by FoolStreet
Wed Apr 27, 2016 11:10 pm
Forum: Investing - Help with Personal Investments
Topic: Critique Fixed Income Strategy - GNMA Dominance
Replies: 29
Views: 2803

Re: Critique Fixed Income Strategy - GNMA Dominance

The Stable Value Summary under Risk says "The fund is backed by a diversified portfolio of fixed-income assets held in the general account of the issuer. Guarantees are subject to the claims paying ability of the issuer. Restrictions or fees may apply to exchanges or withdrawals. The Contracts...
by FoolStreet
Wed Apr 27, 2016 8:37 pm
Forum: Investing - Help with Personal Investments
Topic: Critique Fixed Income Strategy - GNMA Dominance
Replies: 29
Views: 2803

Re: Critique Fixed Income Strategy - GNMA Dominance

Vanguard shows GNMA fund SEC of 2.37 and negative con exits as mentioned previously. Why not use stable value fund? My 401K is with Fidelity, so Vanguard is not an option for those funds. Perhaps I'm misunderstanding, but stable value is guaranteed by the claims paying ability of MetLife. Unlike GN...
by FoolStreet
Wed Apr 27, 2016 7:40 pm
Forum: Investing - Help with Personal Investments
Topic: FIBAX Fidelity Intermediate Treasury index fund - State tax exempt?
Replies: 6
Views: 487

Re: FIBAX Fidelity Intermediate Treasury index fund - State tax exempt?

I hold FIBAX Fidelity Spartan intermediate Treasury Index fund in my taxable account. Please hold off advising not to hold in taxable - I have my reasons. Is the interest from this fund exempt from state tax? I'm in Georgia if that makes a difference. If so how much - all of it? Is there anywhere t...
by FoolStreet
Wed Apr 27, 2016 8:22 am
Forum: Investing - Help with Personal Investments
Topic: Critique Fixed Income Strategy - GNMA Dominance
Replies: 29
Views: 2803

Re: Critique Fixed Income Strategy - GNMA Dominance

Looking for some insightful critique beyond mantras like "Keep it simple" or that I'm "overthinking". I like overthinking. So I'm looking at my fixed income portfolio. Can't list the whole thing, but just looking at my dominant options I keep coming up with the notion that the F...
by FoolStreet
Tue Apr 26, 2016 11:08 pm
Forum: Personal Finance (Not Investing)
Topic: mortgage pre payment, why?
Replies: 101
Views: 11967

Re: mortgage pre payment, why?

Are CA residents exempt from AMT? I am still having hard time believing that high mortgage, high real estate taxes and high state taxes and high income has not put OP in the AMT. Once AMT hits, all the rules are different. Or may be I am the one who has misunderstood AMT. CA residents are subject t...
by FoolStreet
Tue Apr 26, 2016 7:53 pm
Forum: Investing - Help with Personal Investments
Topic: HELP - need advisor-leaving advice quick...
Replies: 20
Views: 1684

Re: HELP - need advisor-leaving advice quick...

Welcome, Ok, you have lots of questions, but you are approaching this is the right way--one thing at a time. For other questions, start another post. Meanwhile, I'm in few funds that have 1% or so loads, plus a whole mess of other stuff. And for reasons I can't make out, since even a simple S&P...
by FoolStreet
Sun Apr 24, 2016 10:48 am
Forum: Personal Finance (Not Investing)
Topic: Irrevocable Trust - Am I being Bamboozled?
Replies: 50
Views: 5344

Re: Irrevocable Trust - Am I being Bamboozled?

Of course you're being bamboozled. You've been sold an asset hiding scheme by a lawyer. Do you think hiding your mother's assets so she could qualify for a program that is meant for people with much less is possibly ethical? I'm surprised this thread hasn't been locked and/or deleted for such a dis...
by FoolStreet
Sat Apr 23, 2016 5:06 pm
Forum: Personal Finance (Not Investing)
Topic: Question for the Bogleheads Millionaires
Replies: 372
Views: 59076

Re: Question for the Bogleheads Millionaires

Well, being a millionaire living in the San Francisco Bay Area, I feel rather "poor" on most days. According to a recent Charles Schwab study, one needs a net worth of at least $6 million to feel "wealthy" in this area. Repeating the posting of my favorite chart to show how intr...
by FoolStreet
Sat Apr 23, 2016 9:08 am
Forum: Investing - Help with Personal Investments
Topic: Moving from Edward Jones to Vanguard
Replies: 14
Views: 1498

Re: Moving from Edward Jones to Vanguard

Because these are tax advantage accounts, I don't think there is any tax implications to just having Vanguard pull them over, then selling within Vanguard and replacing with a target date, life strategy or 3-fund portfolio.

Do you have a 401k or taxable accounts to add to the conversation?
by FoolStreet
Thu Apr 21, 2016 8:55 pm
Forum: Investing - Theory, News & General
Topic: Bond Fund Strategy?
Replies: 26
Views: 3226

Re: Bond Fund Strategy?

My advice, like others, is to forget about bond market timing. I guess I gave everyone the wrong impression because I said I am not interested in long term bonds. I have no intention of timing bonds or stocks. Whatever I decide on, I will maintain that ratio for a decade or more. I would like to ha...
by FoolStreet
Wed Apr 20, 2016 10:11 pm
Forum: Investing - Help with Personal Investments
Topic: Financial Engines (Vanguard) tax exempt bond recommendation
Replies: 6
Views: 847

Re: Financial Engines (Vanguard) tax exempt bond recommendation

I always thought it was recommended for bond side to be short to intermediate...Financial Engines is recommending for high tax bracket, in our taxable account, 50percent into intermediate term tax exempt and 50percent into long term tax exempt. Why not 100percent into intermediate? It's diversified...
by FoolStreet
Wed Apr 20, 2016 1:37 pm
Forum: Personal Consumer Issues
Topic: Want to buy a home safe - advice?
Replies: 37
Views: 3753

Re: Want to buy a home safe - advice?

How do the ladies feel about using a safe for jewelry. It seems odd to go down to the basement every Friday night to get something. Wife wants something waist high in or near the master bedroom. But isn't that the most obvious and easiest to be stolen? How does one install a bolt in the floor if yo...
by FoolStreet
Wed Apr 20, 2016 1:24 pm
Forum: Personal Consumer Issues
Topic: Want to buy a home safe - advice?
Replies: 37
Views: 3753

Re: Want to buy a home safe - advice?

How do the ladies feel about using a safe for jewelry. It seems odd to go down to the basement every Friday night to get something. Wife wants something waist high in or near the master bedroom. But isn't that the most obvious and easiest to be stolen? How does one install a bolt in the floor if you...
by FoolStreet
Wed Apr 20, 2016 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: Unwinding Parent/Child joint real estate purchase
Replies: 10
Views: 992

Re: Unwinding Parent/Child joint real estate purchase

kaudrey wrote:Yes, you would use a quit claim deed for this purpose.


Yes, but wouldn't he want to pay her back, first?
by FoolStreet
Fri Apr 15, 2016 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: When was the most stressful financial time in your life?
Replies: 94
Views: 11645

Re: When was the most stressful financial time in your life?

I can imagine 4: 1. My father died awhen I was very young. Grandparents didn't seem helpful. Mom moved to start anew. She had some money from death benefits but was otherwise on her own with the two of us. She bought a small house. Can't imagine. 2. Mom and Dad married and moved into a larger house....
by FoolStreet
Fri Apr 15, 2016 8:22 am
Forum: Investing - Help with Personal Investments
Topic: After-Tax 401K w/ In-Plan Roth conversion vs Taxable
Replies: 20
Views: 1863

Re: After-Tax 401K w/ In-Plan Roth conversion vs Taxable

My employer recently started offering After-Tax (non Roth) contribution option in the 401K plan. I have done some reading on it and After-Tax contributions do seem like a good option but am not able to clearly decide if I should be making After-Tax contributions to 401K or just keep contributions g...
by FoolStreet
Thu Apr 14, 2016 8:00 pm
Forum: Personal Finance (Not Investing)
Topic: grateful for any input on a major, urgent real estate decision
Replies: 75
Views: 5818

Re: grateful for any input on a major, urgent real estate decision

What exactly do you mean when you wrote "a price that is 1. significantly below the current market value of the house, and 2. significantly more than we'd like to pay?" Are we talking $10,000 for #1 and $100,000 for #2 - or are we talking $200,000 for #1 and $300,000 for #2? More? Less? #...
by FoolStreet
Tue Apr 12, 2016 8:00 am
Forum: Personal Consumer Issues
Topic: Harry Potter World: Trip Advice
Replies: 30
Views: 3123

Re: Harry Potter World: Trip Advice

Hello All, I have an annual week long training that is being held in July out in Orlando and I'm planning on having my wife come out at the end of the training so we can spend the weekend. We are planning to visit the Wizarding World of Harry Potter since she's always wanted to go but wanted to rea...
by FoolStreet
Sun Apr 10, 2016 11:39 pm
Forum: Personal Finance (Not Investing)
Topic: Legal Fees for Trusts and Wills
Replies: 42
Views: 4748

Re: Legal Fees for Trusts and Wills

... It cost us $2500 for 2 Wills 1 Trust 2 Durable POA 2 Healthcare directives ... A lot of people also do spendrift clauses; e.g. child(ren) get x% at age 21, 25 & 35. But that will depend on your assets. It might have been worth your spending a bit more to have trusts for your children that d...
by FoolStreet
Sun Apr 10, 2016 6:23 pm
Forum: Personal Consumer Issues
Topic: Free old BMW worth it?
Replies: 44
Views: 4991

Re: Free old BMW worth it?

Run, don't walk away. The E39 breaks all the time and is expensive to fix. Been there done that. Yuck.
by FoolStreet
Sun Apr 03, 2016 1:45 am
Forum: Personal Finance (Not Investing)
Topic: AMT, how to avoid?
Replies: 21
Views: 2044

Re: AMT, how to avoid?

Here is an excellent article that is worth reviewing. https://www.kitces.com/blog/evaluating-exposure-to-the-alternative-minimum-tax-and-strategies-to-reduce-the-amt-bite/ Try to avoid the AMT bump zone. Note that there is a sweet spot after the bump zone. One of the key factors is understanding ho...
by FoolStreet
Sun Apr 03, 2016 1:16 am
Forum: Investing - Help with Personal Investments
Topic: Muni Bonds for My Tax Level?
Replies: 25
Views: 3086

Re: Muni Bonds for My Tax Level?

Regarding single-state muni funds, I am in California, and I have not found the single state offering from Vanguard too compelling: Vanguard CA Intermediate Tax-Exempt (VCADX): Yield: 1.44% 4.9-yr duration Credit quality: AAA, AA, A, BBB = 8%, 71%, 13%, 4% Vanguard Intermediate Tax-Exempt (VWIUX): ...
by FoolStreet
Sat Apr 02, 2016 8:10 am
Forum: Investing - Help with Personal Investments
Topic: Advice for my parents (retired, risk adverse)
Replies: 11
Views: 973

Re: Advice for my parents (retired, risk adverse)

Or try to find a reliable property manager for the rentals. There is a lot of good advice here. Depending on rental income and cost basis, this could make sense. Also, think about estate planning and paying taxes on the properties now if sold, versus passed in the estate. Example: If kept, parents ...
by FoolStreet
Tue Mar 15, 2016 2:10 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio with IBM 401k Review Request
Replies: 9
Views: 1404

Re: Portfolio with IBM 401k Review Request

The Excess 401k plan kicks is applicable to income over $250k as has been stated. However, in practical terms I have found it to be not very helpful because of the contribution rules. However, I found that in practical terms, committing a percentage of future income which cannot be changed once set...
by FoolStreet
Tue Mar 15, 2016 1:53 am
Forum: Investing - Help with Personal Investments
Topic: Switching financial planners?
Replies: 82
Views: 6537

Re: Switching financial planners?

OK. I think I'm starting to get it fellow Bogleheads. <snip> It's maddening to wade through statements from both TIAA and UBS. <snip> or is that the point, pick a tolerance and live with it? I love seeing it start to "click". Kudos to your grit and determination. There are times when we s...
by FoolStreet
Mon Mar 14, 2016 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: For Parents Who Have Given a Child Money For Home Down Payment
Replies: 158
Views: 12282

Re: For Parents Who Have Given a Child Money For Home Down Payment

Betterfinances, it's a cash-flow issue. As I noted, and as most Bogleheads would agree, prudence dictates saving in tax-deferred vehicles (401K, IRA, and the like). In addition, many "techies" are compensated with a modest salary, combined with generous stock options. After-tax savings ar...

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