Search found 345 matches

by FoolStreet
Sat Feb 25, 2017 6:58 pm
Forum: Personal Finance (Not Investing)
Topic: Invest or pay down rental property mortgage
Replies: 15
Views: 727

Re: Invest or pay down rental property mortgage

I get that this has been rehashed to death but let me just ask for confirmation of my math. Because of the deduction for home interest, I don't pay down my home loan. But given the choice between paying down rental property mortgages and investing in a dviersified fund (*after* already maxing out 4...
by FoolStreet
Sun Feb 19, 2017 12:13 pm
Forum: Investing - Help with Personal Investments
Topic: Mother's finances... lots of stuff spread all over
Replies: 10
Views: 1120

Re: Mother's finances... lots of stuff spread all over

Thank you for the advice all. I think that yes, the biggest thing is figuring out what the capital gains would be and any taxes associated with that. This is what I was thinking to start: 1. Transfer ALL the IRAs to Vanguard and close the two tIRAs with $6,500 sitting in them and make contributions...
by FoolStreet
Tue Feb 07, 2017 5:53 pm
Forum: Investing - Help with Personal Investments
Topic: Breaking up with our Financial Planner - Now where to put Retirement Accounts
Replies: 24
Views: 1776

Re: Breaking up with our Financial Planner - Now where to put Retirement Accounts

Two years ago, we moved all of our retirement accounts to a financial planner. We thought it would be great to consolidate our (husband and I) hodge podge of Roth IRA's, Rollover IRA's, and 401k's. It was a hot mess having those accounts all over the place and at first, I felt great consolidating t...
by FoolStreet
Sun Feb 05, 2017 4:18 pm
Forum: Local Chapters and Bogleheads Community
Topic: San Jose, CA Area Bogleheads Chapter
Replies: 60
Views: 11707

Re: San Jose, CA Area Bogleheads Chapter

Wow, if you're serious I think that would be amazing! I see light at the end if a long, long tunnel of trying to get my wife even faintly interested in our portfolio! That sounds like fun!! Unfortunately, I don't think I am serious. SJ is too far for me. But these are conversations you could have w...
by FoolStreet
Sun Feb 05, 2017 4:16 pm
Forum: Local Chapters and Bogleheads Community
Topic: San Jose, CA Area Bogleheads Chapter
Replies: 60
Views: 11707

Re: San Jose, CA Area Bogleheads Chapter

Wow, if you're serious I think that would be amazing! I see light at the end if a long, long tunnel of trying to get my wife even faintly interested in our portfolio! That sounds like fun!! Unfortunately, I don't think I am serious. SJ is too far for me. But these are conversations you could have w...
by FoolStreet
Sat Feb 04, 2017 8:42 pm
Forum: Investing - Help with Personal Investments
Topic: Two Comma Club
Replies: 84
Views: 14205

Re: Two Comma Club

Wonder how long it takes to get to 2M from 1M from here. Too bad, no one posts about 2M. Everyones about hitting the first 1M IMHO after 1 M, the steps are deeper and slower, sand rises higher, and feeling of slogging into the rising wind takes tremendous fortitude. After 2 Mil, Losses are larger, ...
by FoolStreet
Sat Feb 04, 2017 6:33 pm
Forum: Local Chapters and Bogleheads Community
Topic: San Jose, CA Area Bogleheads Chapter
Replies: 60
Views: 11707

Re: San Jose, CA Area Bogleheads Chapter

Hi, I'm trying to get my wife involved with at least learning how to rebalance our portfolio. We're not going to be available for the February meeting. But would it be possible to suggest a future meeting theme around nudging spouses who aren't into investing that it isn't all that difficult (or du...
by FoolStreet
Sat Feb 04, 2017 6:22 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off a rental property
Replies: 9
Views: 1092

Re: Paying off a rental property

Anyone done this? My situation: investable assets (tax deferred + taxable) - mid 7 figures. Highest fed and fairly high (MD) tax rate. Mid 40s. Married, 3 kids. No debt except primary property and rental property (see below). The rental property (that was my primary before I moved) has about ~350k ...
by FoolStreet
Sat Feb 04, 2017 6:09 pm
Forum: Investing - Help with Personal Investments
Topic: Two Comma Club
Replies: 84
Views: 14205

Re: Two Comma Club

If I buy a fixed annuity (or have one already) for, say, $500,000, is that money lost from my net worth? It seems like a philosophical question almost. There is a concept of mark-to-market vs Book value. The market value of an annuity would be the value of selling it today, meaning you have to fact...
by FoolStreet
Wed Feb 01, 2017 12:53 pm
Forum: Personal Consumer Issues
Topic: Single Malt Scotch-time for another thread?
Replies: 69
Views: 5623

Re: Single Malt Scotch-time for another thread?

My standby that I stock is the Glenfiddich Solera 15 year. Perfect for $35. I would love recommendations on sea spray Islays without the smokiness or peatiness. I can't stand my lagavullin Or laphroig. I tasted a Nikka 17yr which was a lot of fun. I am also always looking for good Ryes to make my Ma...
by FoolStreet
Wed Feb 01, 2017 9:23 am
Forum: Personal Consumer Issues
Topic: Please help buying new Avalon limited!
Replies: 51
Views: 3377

Re: Please help buying new Avalon limited!

Hi gang! I am planning on purchasing a 2017 Avalon limited. I have done the bogleheads method and solicited out the door prices from multiple dealers. Best price so far seems to 41900. Highest price so far is 43180....how does that square with the community? I am wondering now that I have the OTD p...
by FoolStreet
Thu Jan 26, 2017 10:45 am
Forum: Investing - Help with Personal Investments
Topic: Completely new/oblivious to most of this... need advice
Replies: 16
Views: 1120

Re: Completely new/oblivious to most of this... need advice

Thank you all for your great suggestions. I definitely have some clear action steps now to get more control of things. Warning! You have 100k left. You are withdrawing about $4k/mo (my guesstimate: 6k total income, maybe 2k is earned income the rest is 4K from the trust???) Not counting taxes, you ...
by FoolStreet
Wed Jan 11, 2017 1:38 pm
Forum: Local Chapters and Bogleheads Community
Topic: Sad News About a Respected Forum Member
Replies: 117
Views: 17767

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: 1815

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: 1815

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: 1815

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: 1815

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: 1815

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: 1815

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: 1815

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: 1815

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: 1815

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: 3527

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: 472

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: 1084

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: 2262

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: 13417

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: 2262

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: 3419

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: 3419

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: 3419

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: 3419

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: 3419

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: 13417

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: 13417

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: 2198

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: 1160

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: 1160

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: 622

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: 2822

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: 2828

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: 2828

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: 5002

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: 3701

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: 5002

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: 5002

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: 7241

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: 5002

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: 7241

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: 3878

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...

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