Search found 4638 matches

by Leesbro63
Thu Apr 27, 2017 1:52 pm
Forum: Investing - Help with Personal Investments
Topic: VTI vs VTSAX (ETF vs Mutual Fund)
Replies: 6
Views: 608

Re: VTI vs VTSAX (ETF vs Mutual Fund)

Well, my answer is very clear. Don't just do something, stand there! Thank you all.
by Leesbro63
Thu Apr 27, 2017 12:17 pm
Forum: Investing - Help with Personal Investments
Topic: VTI vs VTSAX (ETF vs Mutual Fund)
Replies: 6
Views: 608

Re: VTI vs VTSAX (ETF vs Mutual Fund)

livesoft wrote:The expense ratio of VTI will surely follow along with changes in the expense ratio of VTSAX. Or do you have inside information that it won't?


I have no such info and really haven't been following this...hence my question here.
by Leesbro63
Thu Apr 27, 2017 11:13 am
Forum: Investing - Help with Personal Investments
Topic: VTI vs VTSAX (ETF vs Mutual Fund)
Replies: 6
Views: 608

VTI vs VTSAX (ETF vs Mutual Fund)

I have a large position of VTI in my Vanguard brokerage account. It's a long story but I originally bought it in a non-Vanguard brokerage years ago. Now that Vanguard is cutting fees on VTSAX (Vanguard Total Market Admiral Shares), should I and can I try to convert VTI to that? What's the difference...
by Leesbro63
Fri Apr 21, 2017 4:37 pm
Forum: Personal Consumer Issues
Topic: Roadside Assistance, Chase Sapphire Preferred
Replies: 5
Views: 707

Re: Roadside Assistance, Chase Sapphire Preferred

Are you guys sure this coverage is available on the PREFERRED card (not RESERVE)?
by Leesbro63
Fri Apr 21, 2017 11:54 am
Forum: Personal Consumer Issues
Topic: Roadside Assistance, Chase Sapphire Preferred
Replies: 5
Views: 707

Roadside Assistance, Chase Sapphire Preferred

On another post, there was reference to Chase credit cards (some? all?) providing roadside assistance. Do I get that benefit on my Chase Sapphire Preferred? I looked at the benefits and could not see that. If so, what number do I call when I get a flat tire at night on a dark road?
by Leesbro63
Fri Apr 21, 2017 10:24 am
Forum: Personal Finance (Not Investing)
Topic: New version of VantageScore coming
Replies: 16
Views: 1162

Re: Credit Score Changes For Bogleheads

You're right! Didn't see that. Perhaps the moderators can remove my redundant post here.
by Leesbro63
Fri Apr 21, 2017 10:16 am
Forum: Personal Finance (Not Investing)
Topic: New version of VantageScore coming
Replies: 16
Views: 1162

Credit Score Changes For Bogleheads

[Thread merged into here, see below. --admin LadyGeek] I THINK there's something actionable here for us, but not sure what. It would appear that those of us with top credit scores might be negatively affected: http://www.cnbc.com/2017/04/19/major-changes-coming-to-how-your-credit-score-is-calculate...
by Leesbro63
Tue Apr 04, 2017 6:56 pm
Forum: Investing - Theory, News & General
Topic: Why Buffet likes S&P 500 Index over a TSM Index Fund?
Replies: 45
Views: 5230

Re: Why Buffet likes S&P 500 Index over a TSM Index Fund?

I'd guess because it [S&P 500] is "well known" and, to use a term not thrown around much now, is more "Blue Chips" heavy than TSM. In any case, either fund should produce satisfactory results. :beer +1. My guess is that it's a generational habit. Like my 82 year old father r...
by Leesbro63
Mon Apr 03, 2017 1:21 pm
Forum: Investing - Theory, News & General
Topic: Theoretical trust question
Replies: 9
Views: 476

Re: Theoretical trust question

Suppose you wanted to make a big impact on the world and that you had a net worth of $5M at the time of your passing. Would it be possible to create a trust that states that the money should be reinvested in stocks for 150 years (untouched) and then be used for charitable purposes after that? You w...
by Leesbro63
Mon Apr 03, 2017 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: Taxable Estate (def'n)
Replies: 2
Views: 328

Re: Taxable Estate (def'n)

It's not clear what you are asking. What does "XYZ asset shall be..." mean? Shall go to so and so? Shall be kept in trust? Shall be invested in comic books? What are you actually asking? Sounds to me like mom's estate was $2M so whatever the instructions are for an estate over $1m is what ...
by Leesbro63
Fri Mar 31, 2017 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: Not opting for 529... anyone else?
Replies: 175
Views: 9944

Re: Not opting for 529... anyone else?

I will be honest. When the 529 and kids education were topic of the discussion among our circle many decades ago, we could not fathom the numbers either at that time. Only when my 2nd was 10 year old, we started 529 for him when at my new job a slick presentation was made :-) I am glad that I did i...
by Leesbro63
Fri Mar 31, 2017 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: Not opting for 529... anyone else?
Replies: 175
Views: 9944

Re: Not opting for 529... anyone else?

The plans that make me cringe are the ones from parents who are willing to go deep in debt to pay for expensive colleges, either because they like to be martyrs or because they figure the kids will feel guilty enough about their 'sacrifice' to bail them out in their old age. But that's just me. Som...
by Leesbro63
Fri Mar 31, 2017 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: Not opting for 529... anyone else?
Replies: 175
Views: 9944

Re: Not opting for 529... anyone else?

I don't want to get too personal but when somebody talks about wanting to have 5+ children and then they say but we don't have money to pay for their college education I just have to wonder! If you are in this forum, you understand the basic financial stuff. Having children is a decision to be made...
by Leesbro63
Fri Mar 31, 2017 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: Not opting for 529... anyone else?
Replies: 175
Views: 9944

Re: Not opting for 529... anyone else?

Well, it's clear that IAMNOTDOCTOR and I do not fall into this category. I may be the single most frugal person on this board. Even if we were blowing money on leased cars and vacations, I still think the judgement is totally uncalled for. Calling someone out because they don't have a 529 account f...
by Leesbro63
Fri Mar 31, 2017 11:30 am
Forum: Investing - Help with Personal Investments
Topic: Currently have $700,000 at 26 years old get $100,000 a year
Replies: 80
Views: 10852

Re: Currently have $700,000 at 26 years old get $100,000 a year

I read the thread on "illusion of poverty" and "illusion of wealth" and I may have the "illusion of poverty" I have this fear like what if the markets go down and stay down. I'm very afraid of the system no longer working for investors, not saying this would happen or ...
by Leesbro63
Fri Mar 31, 2017 11:08 am
Forum: Personal Finance (Not Investing)
Topic: Not opting for 529... anyone else?
Replies: 175
Views: 9944

Re: Not opting for 529... anyone else?

Is that what this is REALLY about or do you just want to justify current consumption/refusal to do delayed gratification? It is about what I have said it is about: not knowing if the kid will take advantage of college so the idea of tying funds into a 529 doesn't seem appealing. But, while on the t...
by Leesbro63
Fri Mar 31, 2017 6:06 am
Forum: Personal Finance (Not Investing)
Topic: Not opting for 529... anyone else?
Replies: 175
Views: 9944

Re: Not opting for 529... anyone else?

Is that what this is REALLY about or do you just want to justify current consumption/refusal to do delayed gratification? It is about what I have said it is about: not knowing if the kid will take advantage of college so the idea of tying funds into a 529 doesn't seem appealing. But, while on the t...
by Leesbro63
Wed Mar 29, 2017 8:14 am
Forum: Personal Finance (Not Investing)
Topic: Not opting for 529... anyone else?
Replies: 175
Views: 9944

Re: Not opting for 529... anyone else?

But education for my children? Of course I'd want the best. But I can't be assured he'll want to go to college. Or that he won't get a full ride, or other funds for education. So the advantages of a 529 seem diminished, especially when looking at the list of what *can't* be covered. So, for now, we...
by Leesbro63
Wed Mar 22, 2017 5:36 pm
Forum: Investing - Help with Personal Investments
Topic: Very Sad - Loss of Backdoor Roth IRA all these years
Replies: 19
Views: 4685

Re: Very Sad - Loss of Backdoor Roth IRA all these years

Didn't your tax guy suggest that just do a Traditional but non-deductible IRA? If a backdoor Roth would have been good but you didn't know (because of the "gray market" knowledge of the backdoor Roth), you should have still known about traditional non deductible. If so, you can just conver...
by Leesbro63
Tue Mar 21, 2017 10:25 pm
Forum: Personal Finance (Not Investing)
Topic: Indiana Income Tax For County
Replies: 2
Views: 222

Re: Indiana Income Tax For County

Thank you for confirming what I suspected. We had a similar issue here in PA for the 1% local tax, but eventually they started withholding because too many people ended up with a tax bill that the tax collectors had to chase after. I'll tell them to have more withheld.
by Leesbro63
Tue Mar 21, 2017 9:14 pm
Forum: Personal Finance (Not Investing)
Topic: Indiana Income Tax For County
Replies: 2
Views: 222

Indiana Income Tax For County

I'm doing an income tax return for a family member who lives in Hamilton County, Indiana. It appears that there is a county income tax on top of the state's 3.3% income tax, so the total tax is over 4%. Is that right or am I missing something. The employer didn't withhold for the county...which seem...
by Leesbro63
Mon Mar 20, 2017 11:53 am
Forum: Personal Finance (Not Investing)
Topic: Income Tax Return Extension
Replies: 3
Views: 388

Income Tax Return Extension

Is there any evidence that putting your Federal tax return on extension increases the chance of an audit? Are there any other real consequences of extension?
by Leesbro63
Sun Mar 19, 2017 8:28 pm
Forum: Personal Finance (Not Investing)
Topic: Paying $20 to E-File State Return
Replies: 75
Views: 12795

Re: Paying $20 to E-File State Return

This is not true: Here's what I do. I make sure that both Federal and State (PA, I am the original poster from 2011) have at least enough of a refund for the prior year to cover my first quarter estimate for the current year. I do this by making a final estimated payment for the prior year (in this...
by Leesbro63
Sun Mar 19, 2017 7:43 pm
Forum: Personal Finance (Not Investing)
Topic: Paying $20 to E-File State Return
Replies: 75
Views: 12795

Re: Paying $20 to E-File State Return

yea, unless one sends certified, one really has no way of knowing if it was even received on the other end, so, there's still a cost to send certified of $3-5ish per envelope (one to state one to fed). This is not true: Here's what I do. I make sure that both Federal and State (PA, I am the origina...
by Leesbro63
Wed Mar 15, 2017 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: IRA RMDS
Replies: 8
Views: 575

IRA RMDS

What is the rule for people with multiple IRA accounts older than age 70 1/2. Must they take a RMD from EACH account, or is there a way to make the calculation, recognizing the total
amount in all of the accounts, but just taking the required amount from one of the accounts?
by Leesbro63
Tue Mar 14, 2017 4:43 pm
Forum: Personal Finance (Not Investing)
Topic: Leasing car in May. Get 1st CC now or wait? (720+ score)
Replies: 12
Views: 670

Re: Leasing car in May. Get 1st CC now or wait? (720+ score)

Not to hijack the thread, but is a lease the way you want to own all your cars going forward? Things being equal, a lease does not exist to save you money. You likely aren't getting a good deal. Your 1-2% cashback credit card won't offset the cost of leasing your future cars. Seems like a good exam...
by Leesbro63
Tue Mar 14, 2017 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: Leasing car in May. Get 1st CC now or wait? (720+ score)
Replies: 12
Views: 670

Re: Leasing car in May. Get 1st CC now or wait? (720+ score)

Not to hijack the thread, but is a lease the way you want to own all your cars going forward? Things being equal, a lease does not exist to save you money. You likely aren't getting a good deal. Your 1-2% cashback credit card won't offset the cost of leasing your future cars. Seems like a good exam...
by Leesbro63
Tue Mar 14, 2017 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: Leasing car in May. Get 1st CC now or wait? (720+ score)
Replies: 12
Views: 670

Re: Leasing car in May. Get 1st CC now or wait? (720+ score)

For what it's worth, the Corolla lease, for instance, is really $100/month more than what's advertised if you amortize the cash upfront over the 36 months of the lease.
by Leesbro63
Tue Mar 14, 2017 3:28 pm
Forum: Personal Finance (Not Investing)
Topic: Leasing car in May. Get 1st CC now or wait? (720+ score)
Replies: 12
Views: 670

Re: Leasing car in May. Get 1st CC now or wait? (720+ score)

I lease from Toyota/Lexus. My experience is that they look very favorably on returning customers who fulfilled the terms of the lease without problems. No missed payments, no unresolved issues at lease end about condition of the vehicle or mileage etc. My guess is that getting 1 additional credit ca...
by Leesbro63
Fri Mar 10, 2017 10:17 am
Forum: Personal Finance (Not Investing)
Topic: Taxation of Irrevocable Trust Income
Replies: 44
Views: 1890

Re: Taxation of Irrevocable Trust Income

Trust, but verify :sharebeer
by Leesbro63
Fri Mar 10, 2017 10:07 am
Forum: Personal Finance (Not Investing)
Topic: Taxation of Irrevocable Trust Income
Replies: 44
Views: 1890

Re: Taxation of Irrevocable Trust Income

Thanks to all of you.
by Leesbro63
Thu Mar 09, 2017 7:09 pm
Forum: Personal Finance (Not Investing)
Topic: Taxation of Irrevocable Trust Income
Replies: 44
Views: 1890

Re: Taxation of Irrevocable Trust Income

I'm not clear on your question on capital gains in a trust. Nothing unusual about this. Tax on capital gains is borne by principal because principal received the benefit. Capital gains are not normally considered part of income distributable to the income beneficiary and are retained in the trust a...
by Leesbro63
Thu Mar 09, 2017 5:33 pm
Forum: Personal Finance (Not Investing)
Topic: Taxation of Irrevocable Trust Income
Replies: 44
Views: 1890

Re: Taxation of Irrevocable Trust Income

I thank all of the contributors here. This is a Bogleheads topic with limited interest for most. But important for a few of us. I have learned a great deal. Thank you. P.S. If the experts want to talk about capital gains inside a Trust, that could be of interest to those of us involved with irrevoca...
by Leesbro63
Thu Mar 09, 2017 11:03 am
Forum: Personal Finance (Not Investing)
Topic: Taxation of Irrevocable Trust Income
Replies: 44
Views: 1890

Re: Taxation of Irrevocable Trust Income

As trustee, you are entitled to a trustee's fee, not a salary. There could be an advantage in taking this because part of it could be charged to principal and, as I understand it, you have no interest in the principal. Of course, it would be taxable income to you. I guess if I wanted to milk out as...
by Leesbro63
Thu Mar 09, 2017 11:01 am
Forum: Personal Finance (Not Investing)
Topic: Taxation of Irrevocable Trust Income
Replies: 44
Views: 1890

Re: Taxation of Irrevocable Trust Income

...The Trust document DOES require net income to be paid. Out of curiosity, what does the trust say with regard to capital gains? The reason I ask is that it is my understanding that cap gains are not automatically considered income for trust accounting purposes (they obviously are for income tax p...
by Leesbro63
Wed Mar 08, 2017 10:04 pm
Forum: Personal Finance (Not Investing)
Topic: Taxation of Irrevocable Trust Income
Replies: 44
Views: 1890

Re: Taxation of Irrevocable Trust Income

And how about this one: The Trust allows for compensation to the Trustee. Since it's me, I would t take a salary. But could the Trust provide (expensive) health insurance (thus tax deductible) to its sole Trustee as a fringe benefit? Again, thank you for indulging me here in this Trust administratio...
by Leesbro63
Wed Mar 08, 2017 10:01 pm
Forum: Personal Finance (Not Investing)
Topic: Taxation of Irrevocable Trust Income
Replies: 44
Views: 1890

Re: Taxation of Irrevocable Trust Income

Ok, but assuming I don't want to do that, there must be some time deadline required to get the income out of the Trust. What if the Trustee (me) is just lazy and doesn't actually move the money for a few years?
by Leesbro63
Wed Mar 08, 2017 9:35 pm
Forum: Personal Finance (Not Investing)
Topic: Taxation of Irrevocable Trust Income
Replies: 44
Views: 1890

Re: Taxation of Irrevocable Trust Income

Ok, now I see I think. All income is reported to the Trust on Forms 1099. That income flows thru to the income beneficiary (me) via form K1. It would seem the income has to come out within some reasonable time, though, or that would be some type of gift...although not completed to the remaindermen u...
by Leesbro63
Wed Mar 08, 2017 9:25 pm
Forum: Personal Finance (Not Investing)
Topic: Taxation of Irrevocable Trust Income
Replies: 44
Views: 1890

Re: Taxation of Irrevocable Trust Income

Solar, Yes, but it would be rare for one person to have a vested interest in the income and remainder. Most trusts have contingent remaindermen. It doesn't appear the OP has an interest in the principal unless it is deferred to a certain age. Also, as Mark states, the 65 day rule is irrelevant with...
by Leesbro63
Wed Mar 08, 2017 8:56 pm
Forum: Personal Finance (Not Investing)
Topic: Taxation of Irrevocable Trust Income
Replies: 44
Views: 1890

Re: Taxation of Irrevocable Trust Income

These explanations are VERY helpful, thank you! The Trust document DOES require net income to be paid. So I guess allowing $9000 to accumulate (and be taxed at the Trusts's lower tax rate) can't happen. I see that there's an election to actually distribute some of all of the income by the end of the...
by Leesbro63
Wed Mar 08, 2017 7:29 pm
Forum: Personal Finance (Not Investing)
Topic: Taxation of Irrevocable Trust Income
Replies: 44
Views: 1890

Re: Taxation of Irrevocable Trust Income

Thank you for confirming my general idea about this. I'll consult with my CPA, but I want to have some general idea of how this works. Also, does it matter if I pay any Trust tax due? Since I'm the sole income beneficiary, I can't any difference if the Trust pays the tax due then pays me the remaind...
by Leesbro63
Wed Mar 08, 2017 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: Taxation of Irrevocable Trust Income
Replies: 44
Views: 1890

Taxation of Irrevocable Trust Income

I'm about to become the sole income beneficiary of an irrevocable trust. As I'm in the 33% marginal Federal tax bracket, it would seem that it makes sense to let the trust accumulate about $9000 each year, which would take it to about the top of the 28% bracket. I don't need the income. Am I right t...
by Leesbro63
Tue Mar 07, 2017 7:06 pm
Forum: Personal Consumer Issues
Topic: Bank of America Credit Card
Replies: 11
Views: 892

Re: Bank of America Credit Card

BoA Travel Rewards card is the one you're looking for. You need to redeem against travel charges to get the full 2.625% value. Meh. If that's true, I'm better off with the 2% cash. I don't travel that much and the hassle of having to match up travel costs isn't worth it to me versus the auto statem...
by Leesbro63
Tue Mar 07, 2017 6:32 pm
Forum: Personal Consumer Issues
Topic: Bank of America Credit Card
Replies: 11
Views: 892

Bank of America Credit Card

I seem to recall that there's a Bank of America credit card with 2.675% cash back (or close to that decimal). I now have over $200,000 at Merrill Edge. Is that enough to get that card or must I still hassle with a BofA bank account, that I don't want? I currently have the Citi Double Points card tha...
by Leesbro63
Sat Mar 04, 2017 12:43 pm
Forum: Personal Consumer Issues
Topic: Climate and happiness revisited
Replies: 111
Views: 7421

Re: Climate and happiness revisited

With air conditioning, central heat, indoor plumbing, electricity, internet and 4 wheel drive cars, does it really matter where you live?
by Leesbro63
Sat Mar 04, 2017 10:02 am
Forum: Personal Finance (Not Investing)
Topic: Paying Zero Income Tax on $100,000 Income? Really? Let's see if we can give new life to this old topic!
Replies: 68
Views: 7983

Re: Paying Zero Income Tax on $100,000 Income? Really? Let's see if we can give new life to this old topic!

I've come up with several examples of ways to pull off 6-figure spending in early retirement without having to pay any [federal income] tax. It's easier if you have kids at home and qualify for the child tax credit. :beer -PoF If that's the case, the cost of the kids will far outweigh any tax savin...
by Leesbro63
Mon Feb 27, 2017 7:25 am
Forum: Personal Finance (Not Investing)
Topic: Best Way To Get British Airways Avios Points
Replies: 6
Views: 541

Re: Best Way To Get British Airways Avios Points

TravelGeek wrote:Amex Membership Rewards transfer to Avios, too.


So what AMEX card might I want? I don't like annual fees, probably won't use the card and will cancel after a time, and just want the bonus points?
by Leesbro63
Mon Feb 27, 2017 7:15 am
Forum: Personal Finance (Not Investing)
Topic: To Rent or Buy Townhouse
Replies: 15
Views: 1693

Re: To Rent or Buy Townhouse

Shouldn't townhouses appreciate similar to single family houses? Wouldn't supply and demand make that end up about equal?
by Leesbro63
Sun Feb 26, 2017 4:43 pm
Forum: Personal Finance (Not Investing)
Topic: To Rent or Buy Townhouse
Replies: 15
Views: 1693

Re: To Rent or Buy Townhouse

Sounds like outside maintenance only.

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