Search found 1025 matches

by Lieutenant.Columbo
Wed Dec 13, 2017 10:10 am
Forum: Personal Finance (Not Investing)
Topic: your inheritance for young kids
Replies: 31
Views: 4750

Re: your inheritance for young kids

what's the intent of the law requiring that trust beneficiary acting as trustee have a co-trustee in order for the trust to protect beneficiary from spouse+creditors?

I mean, why would the Law not like/allow/grant trust spousal+creditor protection if beneficiary were sole successor trustee? :?:
by Lieutenant.Columbo
Tue Dec 12, 2017 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: your inheritance for young kids
Replies: 31
Views: 4750

Re: your inheritance for young kids

... Made-up example: Say the trust beneficiary now acting as Sole trustee takes $30K from the trust and... 1. ...uses $10K for her own school tuition. 2. ...takes $10K for personal expenses (food, furniture/travel/language lessons/etc) 3. ...uses $10K for beneficiary's child's school tuition. Is th...
by Lieutenant.Columbo
Mon Dec 11, 2017 9:31 pm
Forum: Personal Finance (Not Investing)
Topic: your inheritance for young kids
Replies: 31
Views: 4750

Re: your inheritance for young kids

we wouldn't mandate distribution at age 35. That would throw the assets into the beneficiary's estate for estate tax purposes, and expose the assets to the beneficiary's potential creditors, including spouses. We would have the client instead give the beneficiary effective control over the trust at...
by Lieutenant.Columbo
Sun Dec 10, 2017 10:47 am
Forum: Personal Finance (Not Investing)
Topic: your inheritance for young kids
Replies: 31
Views: 4750

Re: your inheritance for young kids

we wouldn't mandate distribution at age 35. That would throw the assets into the beneficiary's estate for estate tax purposes, and expose the assets to the beneficiary's potential creditors, including spouses. We would have the client instead give the beneficiary effective control over the trust at...
by Lieutenant.Columbo
Fri Dec 08, 2017 2:41 pm
Forum: Investing - Help with Personal Investments
Topic: Variable annuities Yes/No
Replies: 49
Views: 5219

Re: Variable annuities Yes/No

As with all things, it depends. The industry has made some changes to the commissions charged for these annuities as some insurers offer annuity products where there is no up-front commission but, rather an advisory-like fee each year of 1% or so. I would guess that most annuities are still sold wh...
by Lieutenant.Columbo
Mon Dec 04, 2017 10:50 pm
Forum: Investing - Help with Personal Investments
Topic: Variable annuities Yes/No
Replies: 49
Views: 5219

Re: Variable annuities Yes/No

In general, VA products are complicated which leads many products being sold without full comprehension of the buyer. For this reason alone, I would stay away from them. Also, not exactly in the insurer's wheel house right now given how low interest rates. Looks like your NWM broker is trying to br...
by Lieutenant.Columbo
Sun Dec 03, 2017 10:55 pm
Forum: Personal Finance (Not Investing)
Topic: Any retired boglehead doctors out there?
Replies: 78
Views: 9494

Re: Any retired boglehead doctors out there?

I'm a surgical subspecialist. My job is 4 days a week. This is what all my partners work as well. Not really "semi-retirement", but not working 5 days a week is absolutely key. I also mainly do work in the office (including procedures), and rarely do anything at a hospital, which I think is a huge ...
by Lieutenant.Columbo
Sun Dec 03, 2017 9:46 pm
Forum: Personal Finance (Not Investing)
Topic: Any retired boglehead doctors out there?
Replies: 78
Views: 9494

Re: Any retired boglehead doctors out there?

I'm a surgical subspecialist. My job is 4 days a week. This is what all my partners work as well. Not really "semi-retirement", but not working 5 days a week is absolutely key. I also mainly do work in the office (including procedures), and rarely do anything at a hospital, which I think is a huge ...
by Lieutenant.Columbo
Sun Dec 03, 2017 1:26 pm
Forum: Investing - Help with Personal Investments
Topic: Variable annuities Yes/No
Replies: 49
Views: 5219

Re: Variable annuities Yes/No

A blast from the past. Today, I attended a TDAmeritrade class on beginning options trading with introduction to Income Strategies, Hedging Strategies, and Speculation Strategies. It is 10 years ago when subprime lenders started to fail. It's 10 years ago when older bro was even more worried from hi...
by Lieutenant.Columbo
Sun Dec 03, 2017 1:22 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with a variable annuity?
Replies: 21
Views: 2600

Re: What to do with a variable annuity?

Twelve months ago, a female relative who is now 69.5 yoa put down $500K of Tax-Deferred money into a variable annuity . She has Not started collecting income yet. Any thoughts on how much roughly she might receive back if she were to cancel this variable annuity? I understand the contract/prospectu...
by Lieutenant.Columbo
Sun Dec 03, 2017 10:04 am
Forum: Investing - Help with Personal Investments
Topic: What to do with a variable annuity?
Replies: 21
Views: 2600

Re: What to do with a variable annuity?

Twelve months ago, a female relative who is now 69.5 yoa put down $500K of Tax-Deferred money into a variable annuity . She has Not started collecting income yet. Any thoughts on how much roughly she might receive back if she were to cancel this variable annuity? I understand the contract/prospectu...
by Lieutenant.Columbo
Sat Dec 02, 2017 11:23 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with a variable annuity?
Replies: 21
Views: 2600

Re: What to do with a variable annuity?

I would aim to get all of your money OUT of that retail annuity, which is one of the most expensive of all financial products. The problem is that you have tax implications to worry about. It's inside an IRA, so there are no tax implications (although that is an even worse use of a variable annuity...
by Lieutenant.Columbo
Sat Dec 02, 2017 10:50 pm
Forum: Investing - Help with Personal Investments
Topic: Variable annuities Yes/No
Replies: 49
Views: 5219

Re: Variable annuities Yes/No

Annuities are poor investment vehicles. They are primarily an Insurance income product. IMO, VAs/annuities are mediocre for investments. But Indexes/MF are mediocre as pension income. We (65/68) bought considerable deferred, GLWB annuities (2008-2012) as a way to secure a "pension" with a Market pr...
by Lieutenant.Columbo
Sun Nov 26, 2017 10:48 pm
Forum: Personal Consumer Issues
Topic: overseas vacation questions
Replies: 22
Views: 1419

Re: overseas vacation questions

andyandyandy wrote:
Sun Nov 26, 2017 9:07 pm
1) I have 2 new cars - (2 years old and 1 year old)- but no garage in my home. Is it okay to leave it outside? Or park it somewhere (Airport?)
if I were you I'd disconnect the cars' batteries after the last time you drive them prior to departure
by Lieutenant.Columbo
Sat Nov 25, 2017 2:24 pm
Forum: Investing - Theory, News & General
Topic: HSA: "Pay out of pocket" vs Withdraw math problem
Replies: 48
Views: 3308

Re: HSA: "Pay out of pocket" vs Withdraw math problem

What? You're paying yourself for medical costs you paid out of pocket in the past. You're not actually using tax free money to buy a motorcycle. What you guys are calling #3 (saving receipts and then using that credit later to buy a motorcycle), isn't actually a thing. I think you are still not get...
by Lieutenant.Columbo
Sat Nov 25, 2017 2:04 pm
Forum: Investing - Theory, News & General
Topic: HSA: "Pay out of pocket" vs Withdraw math problem
Replies: 48
Views: 3308

Re: HSA: "Pay out of pocket" vs Withdraw math problem

What? You're paying yourself for medical costs you paid out of pocket in the past. You're not actually using tax free money to buy a motorcycle. What you guys are calling #3 (saving receipts and then using that credit later to buy a motorcycle), isn't actually a thing. I think you are still not get...
by Lieutenant.Columbo
Sat Nov 25, 2017 1:04 pm
Forum: Investing - Theory, News & General
Topic: HSA: "Pay out of pocket" vs Withdraw math problem
Replies: 48
Views: 3308

Re: HSA: "Pay out of pocket" vs Withdraw math problem

i create a file for each year. Each expense has: 1. print out from HSA website 2. expaination of benefits 3. doctor invoice 4. payment receipt. I built a whole year in paper, then run it through my scanner as a package, and create 1 PDF per year, with a cover page adding them all up. I plan to dist...
by Lieutenant.Columbo
Sun Nov 12, 2017 9:18 pm
Forum: Personal Consumer Issues
Topic: Swedish Death Cleaning [De-clutter your home]
Replies: 63
Views: 6980

Re: Swedish Death Cleaning

The truth of the matter is that once you die no one cares about your stuff. Your relatives may go through it, they may save it. But, no one will really look at it too much, if ever, after the initial assessment. Pictures seem to be at the forefront of saving. No one cares. You can see that easily b...
by Lieutenant.Columbo
Sun Nov 12, 2017 11:24 am
Forum: Investing - Theory, News & General
Topic: Fidelity 10X Retirement Rule - - Valid???
Replies: 46
Views: 3041

Re: Fidelity 10X Retirement Rule - - Valid???

25 X (your expenses minus social security) This is the formula I use Guys, 1. are income taxes included in "your expenses" 2. if you retire Z years before you claim SS, is the formula then [Z x your expenses]+[25 x (your expenses - SS)]? 3. does the "25" multiplier assume a specific age one will cl...
by Lieutenant.Columbo
Sun Nov 05, 2017 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: Lets talk emergency funds and I-bonds
Replies: 23
Views: 2119

Re: Lets talk emergency funds and I-bonds

Jack FFR1846 wrote:
Sat Nov 04, 2017 8:46 pm
...used them recently to help pay for my son's college tuition so the interest will be totally tax free
so funds do not have to be in a 529 for the interest to be tax free if/when used for education costs? :shock:
by Lieutenant.Columbo
Sun Nov 05, 2017 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 ACA rates now live....
Replies: 228
Views: 14952

Re: 2018 ACA rates now live....

Up 57% for me in GA for the same HSA bronze plan for family of four. 25% increase for us, family of 3 in North East FL for an HSA-complatible bronze plan, no subsidy I feel like a captive audience since insurance companies can continue to increase rates since we are going to buy anyway since ACA ma...
by Lieutenant.Columbo
Fri Oct 27, 2017 12:15 am
Forum: Investing - Theory, News & General
Topic: Avoiding the Spiral
Replies: 21
Views: 3207

Re: Avoiding the Spiral

Looking just at the US , the 4% rule still lasted 27 years even when it fails. If you look outside the US at, say, Norway -- where 4% withdrawals failed 50% of the time -- it still lasted 24 years before failing. Even if you take Italy -- the worst place to retire -- where the 4% rule failed over 7...
by Lieutenant.Columbo
Wed Oct 25, 2017 6:31 am
Forum: Investing - Help with Personal Investments
Topic: Why [was] QSPIX steadily declining?
Replies: 66
Views: 8720

Re: Why is QSPIX steadily declining?

Oh yeah, did anybody else catch the launch of the AQR Alternative Risk Premia Fund (QRPIX,QRPNX, QRPRX)? It's another long-short, market-neutral, leveraged fund owning traditional assets and many derivatives positions, targeting value, momentum, carry, defensive, trend, and (short) volatility strat...
by Lieutenant.Columbo
Wed Oct 18, 2017 11:04 pm
Forum: Investing - Theory, News & General
Topic: Is HSA Bank + TD Ameritrade still the best HSA choice?
Replies: 37
Views: 4038

Re: Is HSA Bank + TD Ameritrade still the best HSA choice?

JustinR wrote:
Wed Oct 18, 2017 10:39 pm
Are there any providers that have less fees, or better selection than the HSABank/TDA combo?
with Saturna your cost is only around $25/yr total if you only make one transaction (say you send in your yearly contribution in one installment) and if your fund is Vanguard's.
by Lieutenant.Columbo
Sun Oct 01, 2017 9:49 pm
Forum: Investing - Theory, News & General
Topic: Why do you LBYM? Why do you save and invest?
Replies: 204
Views: 15730

Re: Why do you LBYM? Why do you save and invest?

FlyingMoose wrote:
Thu Sep 28, 2017 3:58 am
...the way I broke myself of the hoarding habit was to go through all my stuff and ask 3 questions about each item:

1. Does it have sentimental value?
2. Is it worth money?
3. Will I need it in the future?

If the answer to all three is no, then I get rid of that item
The Joy Of Less, I presume?
by Lieutenant.Columbo
Sat Sep 23, 2017 9:53 pm
Forum: Personal Finance (Not Investing)
Topic: How to pay ZERO taxes in retirement with 6-figure expenses
Replies: 174
Views: 92103

Re: How to pay ZERO taxes in retirement with 6-figure expens

paying zero taxes isnt the most important part. too many people use the tax scare to sucker people into poor investments such as permanent life insurance. thus one should only care about paying zero taxes if it really provides you with the most money. thus the title should be providing the most inc...
by Lieutenant.Columbo
Tue Sep 19, 2017 6:00 pm
Forum: Personal Finance (Not Investing)
Topic: Use HSA for previously incurred medical expenses, and full-year HSA contribution limits?
Replies: 21
Views: 2040

Re: Use HSA for previously incurred medical expenses, and full-year HSA contribution limits?

Actually, there is no difference between Pub 502 and Pub 969. They both are really saying the same thing. Pub 502, just uses imprecise language, especially the example which is misleading. The fact that aspirin doesn't require a prescription for over the counter sales has no bearing on the fact tha...
by Lieutenant.Columbo
Mon Sep 18, 2017 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: Use HSA for previously incurred medical expenses, and full-year HSA contribution limits?
Replies: 21
Views: 2040

Re: Use HSA for previously incurred medical expenses, and full-year HSA contribution limits?

1. HSA funds can always be used for a spouse and/or dependent for un-reimbursed qualified medical expenses . what are common examples of un-reimbursed qualified medical expenses ? copays for doctor visists? copays for medication)? amounts paid as deductible in the HDHP? Anything that is out-of-pock...
by Lieutenant.Columbo
Fri Sep 15, 2017 11:43 pm
Forum: Personal Finance (Not Investing)
Topic: Estate planning advice for young parents in Massachusetts
Replies: 33
Views: 2888

Re: Estate planning advice for young parents in Massachusetts

...a trust you would set up for your kids. They can be trustee and they can manage the assets. Their trusts would have their own tax ID numbers and need to file tax returns. afan, I understand that as long as both spouses are alive, their revocable living trust doesn't have a tax ID and no trust ta...
by Lieutenant.Columbo
Fri Sep 15, 2017 10:06 pm
Forum: Investing - Theory, News & General
Topic: Distressing news -> Flight to Safety ?
Replies: 75
Views: 7316

Re: Distressing news -> Flight to Safety ?

In times that stock markets crash, Treasury prices generally rise steeply tremendous amount of recency bias ? :wink: Since 1929 there have been 14 recessions in the US. In 7 of them Treasuries had a positive correlation with stocks. In 7 of them Treasuries had a negative correlation with stocks. It...
by Lieutenant.Columbo
Sun Sep 10, 2017 11:14 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security bend points/early retirement estimates
Replies: 17
Views: 2993

Re: Social Security bend points/early retirement estimates

...at age 67. I plan on working 10 more years at the least Not trying derail your topic, but may I ask the reason you plan to work until age 77 or beyond? Thanks Every so often, I go back to the SSA website to obtain an updated set of wage indexing factors and replace the ones I have in the spreads...
by Lieutenant.Columbo
Sun Sep 10, 2017 10:59 pm
Forum: Personal Finance (Not Investing)
Topic: Galapagos Trip, Suggestions
Replies: 23
Views: 2615

Re: Galapagos Trip, Suggestions

read Weiner's The Beak Of The Finch from 1994 prior to departure

(if you decide to do so, and have to buy it, use the BHs Amazon link)
by Lieutenant.Columbo
Sat Sep 09, 2017 1:32 pm
Forum: Personal Consumer Issues
Topic: Non-fiction bucket list
Replies: 110
Views: 10207

Re: Non-fiction bucket list

True potentially life-changing books: A Guide for the Perplexed , by E.F. Schumacher Lost in the Cosmos: The Last Self-Help Book , by Walker Percy Both are of course listed in James V. Schall's great Another Sort of Learning . is Schall's also potentially life-changing? or only the first two?
by Lieutenant.Columbo
Sat Sep 09, 2017 11:54 am
Forum: Investing - Theory, News & General
Topic: My Favorite Alternative Funds
Replies: 185
Views: 22629

Re: My Favorite Alternative Funds

I have a 2% position in SRRIX. I too have been surprised at the ~10% drop, like 8% in a single day. I don't know what % of the fund is invested in types of insurance related to hurricane risk. I invested thinking that while each individual insurance has a big left tail risk, the diversification of ...
by Lieutenant.Columbo
Wed Sep 06, 2017 10:52 pm
Forum: Investing - Theory, News & General
Topic: Fixed Income: Percentage Of Portfolio Or Specific $ Amount?
Replies: 19
Views: 2181

Re: Fixed Income: Percentage Of Portfolio Or Specific $ Amount?

A dollar allocation makes sense if you have some fixed dollar (or inflation-adjusted dollar, if you use TIPS) amount to spend. Several possible examples: Matching a known dollar liability. [...] Ensuring a spending floor. [...] Maintaining a portfolio with a fixed spending level. [...] Thank you fo...
by Lieutenant.Columbo
Mon Sep 04, 2017 1:44 pm
Forum: Investing - Theory, News & General
Topic: Fixed Income: Percentage Of Portfolio Or Specific $ Amount?
Replies: 19
Views: 2181

Re: Fixed Income: Percentage Of Portfolio Or Specific $ Amount?

2. A completely different basic idea is to mentally separate the portfolio into two parts. One part is low risk and aligned with certainty of meeting certain objectives, such as withdrawal for spending. The other part is high risk and aligned with speculative objectives such as discretionary spendi...
by Lieutenant.Columbo
Mon Sep 04, 2017 8:58 am
Forum: Investing - Theory, News & General
Topic: Fixed Income: Percentage Of Portfolio Or Specific $ Amount?
Replies: 19
Views: 2181

Fixed Income: Percentage Of Portfolio Or Specific $ Amount?

When I looked at this question before, I thought I had understood it then, but now I am not sure I did. Why would one have a target % instead of a set dollar amount in fixed income? Say an investor has $1MM with 50% in fixed income, that is $500K in fixed income. When portfolio is $2MM, fixed income...
by Lieutenant.Columbo
Fri Sep 01, 2017 1:46 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Carry Factor Spans Assets
Replies: 14
Views: 2032

Re: Larry Swedroe: Carry Factor Spans Assets

nedsaid wrote:
Thu Aug 31, 2017 11:43 pm
...others will have to carry on in these discussions until I decide to wade back in.
I wonder what factors will play a role in whether others carry on these discussions until nedsaid wades back in...
by Lieutenant.Columbo
Sun Aug 27, 2017 3:16 pm
Forum: Investing - Theory, News & General
Topic: Cant get my head around this..All Bonds in non-taxable OR...
Replies: 23
Views: 3645

Re: Cant get my head around this..All Bonds in non-taxable OR...

We are in the same tax bracket as you are, and my understanding is that: 1. if your plan calls for investing in assets that are less tax efficient than taxable bonds (say QSPIX, RMPLX, SRRIX, etc), then these assets take priority in your tax-deferred space over taxable bonds 2. bonds should preferab...
by Lieutenant.Columbo
Fri Aug 25, 2017 6:19 am
Forum: Personal Consumer Issues
Topic: Non-fiction bucket list
Replies: 110
Views: 10207

Re: Non-fiction bucket list

* Decline and Fall of the Roman Empire by Edward Gibbon. I'm curious though if anyone has actually read Gibbon's book. Yes. It's of course interesting. Yet its fundamental premise was preemptively refuted, in devastating fashion, in Augustine's The City of God . DomDangelina, Unlike Augustine, I th...
by Lieutenant.Columbo
Thu Aug 24, 2017 7:27 pm
Forum: Local Chapters and Bogleheads Community
Topic: [Virtual online chapter - Master thread]
Replies: 59
Views: 7884

Re: [Virtual online chapter - Master thread]

are the sessions being archived so that we could play them after the fact?
by Lieutenant.Columbo
Mon Aug 14, 2017 6:32 pm
Forum: Personal Finance (Not Investing)
Topic: US Social Security Income Benefit For Non-Citizen?
Replies: 11
Views: 1558

Re: US Social Security Income Benefit For Non-Citizen?

OP here. Great information and links. I thank everyone for all this helpful input.
by Lieutenant.Columbo
Mon Aug 14, 2017 4:13 pm
Forum: Personal Finance (Not Investing)
Topic: US Social Security Income Benefit For Non-Citizen?
Replies: 11
Views: 1558

Re: US Social Security Income Benefit For Non-Citizen?

David Jay wrote:
Mon Aug 14, 2017 11:53 am
Lieutenant.Columbo wrote:
Sun Aug 13, 2017 9:04 pm
Citizen of Spain.
Interesting. I remembered that you're an ex-pat, but for some reason I thought you were Australian.
I guess my English accent is better than I thought :wink:
by Lieutenant.Columbo
Sun Aug 13, 2017 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: US Social Security Income Benefit For Non-Citizen?
Replies: 11
Views: 1558

US Social Security Income Benefit For Non-Citizen?

Hi all, Citizen of Spain. I have lived lawfully (student visa, then temporary worker permit, now lawful permanent residence) in the US for 13 yrs now. Two questions, assuming... A. ...rules and laws do not change, B. ...I never become a US citizen C. ...I start claiming SS income at age 70 1. will I...
by Lieutenant.Columbo
Sun Aug 13, 2017 9:55 am
Forum: Investing - Help with Personal Investments
Topic: Why [was] QSPIX steadily declining?
Replies: 66
Views: 8720

Re: Why is QSPIX steadily declining?

...SPIX is operating as designed, a fund with positive returns with low correlation to the stock market. Again, I would view such a fund as a bond substitute. ER of 1.48% :shock: How does anyone who calls themselves a Boglehead get interested in such a fund? Because of this bwahaaahawhahwhwha!!! ht...
by Lieutenant.Columbo
Sat Aug 12, 2017 5:54 am
Forum: Investing - Theory, News & General
Topic: "Honesty like that is rare!"
Replies: 47
Views: 7596

Re: "Honesty like that is rare!"

Honestly, I don't understand the whole exchange. Basically, we are giving credit for an adviser for being "honest" when he admits to deceiving the very individuals he has a fudiciary responsibility to by admitting he is making the whole investment process more complicated just to appease his invest...
by Lieutenant.Columbo
Fri Aug 11, 2017 12:10 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 4184
Views: 1116376

Re: U.S. stocks in freefall

It was Oct. 19th, 1987, not Oct. 9th. I grew up near the Falls Shopping Center in Southwest Miami. The story of someone going to the Falls, killing his broker, then himself soon after the Oct. 19 drop has fascinated me. Had the client taken the Bogle view of staying the course, or don't do somethin...
by Lieutenant.Columbo
Fri Aug 11, 2017 7:55 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Diversification Benefits of Time Series Momentum
Replies: 9
Views: 1206

Re: Larry Swedroe: Diversification Benefits of Time Series Momentum

Why not move the portfolio in the right direction, even if it's a small move? Excellent (and obvious :oops:) point! A very very good portfolio is better than a very good portfolio. Unless the cult of the imperfect applies here too :wink: Give them the third best to go on with; the second best comes...