Search found 1643 matches

by MN Finance
Thu Sep 29, 2016 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: Step Up Basis into Credit Shelter Trust
Replies: 5
Views: 320

Re: Step Up Basis into Credit Shelter Trust

Not that this is your question but this seems like an unnecessary complication. Without looking at all the specifics it would seem other options are probably out there. Joint assets still get half a step up in non community property states. Further the trustee can presumably choose the assets which ...
by MN Finance
Thu Sep 29, 2016 3:21 pm
Forum: Personal Finance (Not Investing)
Topic: Step Up Basis into Credit Shelter Trust
Replies: 5
Views: 320

Re: Step Up Basis into Credit Shelter Trust

I didn't take the time to read the regs and interpret, one of the attorneys probably knows, but my educated guess is that this would not be an issue. I say that because the surviving spouse does not not have full interest in the trust property. Applying logic (which can be a bad idea), that would me...
by MN Finance
Thu Sep 29, 2016 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: IRA QCD when turning 70 1/2 late in CY
Replies: 3
Views: 166

Re: IRA QCD when turning 70 1/2 late in CY

RMDs in the begin year can be split between the first calendar year and Apr 1st of the following year. So, if you're only satisfying part of the RMD with a QCD, that part could still be in the original calendar year with the QCD falling into the following year if that happens. Despite it being 12/26...
by MN Finance
Thu Sep 29, 2016 1:22 pm
Forum: Investing - Theory, News & General
Topic: Variable SPIA: Why Not?
Replies: 18
Views: 1164

Re: Variable SPIA: Why Not?

I think variable spia is a fantastic income option. This allows someone less concerned with legacy to maximize current income without sacrificing long term market growth, while absorbing potential variables to income. The variable income is a much smaller risk than might seem when including social s...
by MN Finance
Fri Sep 23, 2016 8:15 pm
Forum: Investing - Help with Personal Investments
Topic: Email from Financial Advisor
Replies: 22
Views: 3449

Re: Email from Financial Advisor

Break this apart a bit.... First, you're not going to change the plan options at this point, obviously. So any discussion of that it pointless. That being the case, you are going to try and choose an option that fits into you're plan. Choosing from any of the American funds large us or international...
by MN Finance
Fri Sep 23, 2016 8:07 pm
Forum: Personal Finance (Not Investing)
Topic: S corp for physician
Replies: 14
Views: 1123

Re: S corp for physician

There are absolutely physicians on this board that will address the liability questions, but my experience in finance tells me that you probably don't gain much protection, if any. When you talk about setting up an s Corp, you're really setting up a partnership and electing to have it taxed as a cor...
by MN Finance
Thu Jul 21, 2016 10:07 pm
Forum: Personal Finance (Not Investing)
Topic: Minimum Number of Checks in a Calendar Year to Declare Retirement
Replies: 5
Views: 1246

Re: Minimum Number of Checks in a Calendar Year to Declare Retirement

Paychecks don't matter.

The determining factor is if you are continuously employed throughout the calendar year. Once the employer categorizes you as separated from service, then you will be considered retired.
by MN Finance
Sat Jul 16, 2016 10:47 pm
Forum: Investing - Help with Personal Investments
Topic: Safe Withdrawl Rate if you don't care about legacy
Replies: 21
Views: 2534

Re: Safe Withdrawl Rate if you don't care about legacy

I would annuitize a healthy portion of the assets which gives you a safe rate by definition. Split between an inflation adjusted spia and a variable payout immediate annuity.
by MN Finance
Sat Jul 16, 2016 10:26 pm
Forum: Personal Finance (Not Investing)
Topic: State income tax question
Replies: 16
Views: 1521

Re: State income tax question

You pay tax in the state where the work is done, not just where you live.
by MN Finance
Sat Jul 16, 2016 10:22 pm
Forum: Personal Consumer Issues
Topic: Experience with FINRA License?
Replies: 7
Views: 780

Re: Experience with FINRA License?

I'm not sure a licensing exam should be a determining factor in a career move. Exams are temporary, short term, factors. Second, I would seek info from your employer who should be able to give you the info you're looking for. If you want actual advice here then you should be more specific about your...
by MN Finance
Sat Jul 16, 2016 10:06 pm
Forum: Investing - Theory, News & General
Topic: Value Tilt With Country/Sector ETFs?
Replies: 9
Views: 682

Re: Value Tilt With Country/Sector ETFs?

I'm totally missing the problem you're trying to solve. What is it? If you want to factor load a portfolio you can obviously do that internationally. Are you JUST wanting to invest in one country for some reason? Are you saying you can't load an international portfolio as much as you want? If so, th...
by MN Finance
Sat Jul 16, 2016 9:59 pm
Forum: Investing - Help with Personal Investments
Topic: Meeting w/ Mom's F.A. and prep for her retirement - Please help!
Replies: 24
Views: 2430

Re: Meeting w/ Mom's F.A. and prep for her retirement - Please help!

While the investment portfolio is crap, I'm wondering if you are willing to trade the current situation for a lower cost one, where you are now officially your mom's advisor? That's an extremely complicated situation, and not one I would want. In fact, I'm an FA, and while my parents invest with my ...
by MN Finance
Tue Jul 05, 2016 10:21 pm
Forum: Personal Finance (Not Investing)
Topic: Temporary financing (home)
Replies: 3
Views: 300

Re: Temporary financing (home)

Would it be possible to start with a conventional loan, and use a HELOC for the renovations? Sure, but assumed a heloc might not be approved if it brings the equity below 20% prior to the new appraisal. But I've never personally had one, so not sure. But... then you're still left with, say 30% equi...
by MN Finance
Tue Jul 05, 2016 9:15 pm
Forum: Personal Finance (Not Investing)
Topic: Temporary financing (home)
Replies: 3
Views: 300

Temporary financing (home)

This is a question about buying a house, which probably isn't all that uncommon, but I have no real knowledge on the mortgage front, so could use some help. Let's assume old home is sold. Buyer buys a new home for $X with a jumbo 80% loan to value. However, buyer would rather secure temporary financ...
by MN Finance
Sun Jul 03, 2016 7:26 pm
Forum: Investing - Help with Personal Investments
Topic: TIAA Traditional Fees
Replies: 39
Views: 4960

Re: TIAA Traditional Fees

TIAA Traditional is a claim on assets in the TIAA General Account, which is a portfolio used to underwrite other products as well. It is unlikely that portfolio management is segregated by supported product, so I'm not sure TIAA could publish a meaningful ER for just the Traditional product even if...
by MN Finance
Sun Jul 03, 2016 7:17 pm
Forum: Investing - Help with Personal Investments
Topic: Liquidate Funds Through Charitable Giving?
Replies: 8
Views: 664

Re: Liquidate Funds Through Charitable Giving?

Do you normally give to charity? If not, then I think charity is a dumb idea. If you do it, then use a DAF and it's super easy.
by MN Finance
Sun Jul 03, 2016 4:58 pm
Forum: Investing - Help with Personal Investments
Topic: Employer and TIAA Traditional changes -advice please
Replies: 26
Views: 1404

Re: Employer and TIAA Traditional changes -advice please

You have an old GRA contract. Your money stays in that contract and cannot be moved. The terms of that contract stay in place. They are stopping all contributions to this contract. You will be given a new RC contract where all future money will be deposited. This contract is institutionally owned an...
by MN Finance
Sun Jul 03, 2016 4:47 pm
Forum: Investing - Help with Personal Investments
Topic: Charitable Donation gone Awry
Replies: 4
Views: 1143

Re: Charitable Donation gone Awry

I can infer the course of events but it's somewhat confusing because you keep saying 'brokerage" but aren't mentioning the name. Are the shares with the transfer agent or a drip service? It sounds like the transfer agent, but you keep talking about drip. What form were the positions in prior to...
by MN Finance
Sat Jul 02, 2016 7:21 am
Forum: Investing - Help with Personal Investments
Topic: How to take distribution of stocks from a Roth IRA?
Replies: 17
Views: 997

Re: How to take distribution of stocks from a Roth IRA?

Im sure you don't need to sell the stock, just withdraw it, though I'm also confused by your actual question vs your implied question.
by MN Finance
Fri Jul 01, 2016 4:32 pm
Forum: Investing - Help with Personal Investments
Topic: Leaving FA in August, requesting sanity check of planned portfolio changes (first post)
Replies: 27
Views: 2145

Re: Leaving FA in August, requesting sanity check of planned portfolio changes (first post)

Do whatever is comfortable but your limiting factors at schwab are non issues. If you invest a couple hundred grand into a Vanguard fund and pay 50 bucks, it's a non issue. You don't pay for reinvestment. You can always move later. Not saying Schwab is better but might just be a simpler start to the...
by MN Finance
Fri Jul 01, 2016 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: Large income event. Help avoiding taxes!
Replies: 6
Views: 1390

Re: Large income event. Help avoiding taxes!

The simplest way is to use a donor advised fund and contribute X years of future contributions this year and then use the fund in place of future contributions. Say you give away 20k a year. Contribute 200k this year and then use that money over the next 10 yrs. Of course the downside is that you d...
by MN Finance
Fri Jul 01, 2016 4:27 pm
Forum: Investing - Help with Personal Investments
Topic: TIAA Real Estate vs. Vanguard REITS
Replies: 26
Views: 2241

Re: TIAA Real Estate vs. Vanguard REITS

I much prefer TIAA to reits. That aside, annuitizing real Estate fund would be the next best choice to traditional because of the low volatility and would actually offer opty for growth
by MN Finance
Thu Jun 30, 2016 10:57 pm
Forum: Investing - Help with Personal Investments
Topic: Leaving FA in August, requesting sanity check of planned portfolio changes (first post)
Replies: 27
Views: 2145

Re: Leaving FA in August, requesting sanity check of planned portfolio changes (first post)

Logistically I would just keep your Schwab accounts and remove the FAs power of attorney. I think you can accomplish this with a call to Schwab. This way you don't have to move everything and deal with another change. You can sell what you want to when ready and reinvest as needed. You'll have some ...
by MN Finance
Thu Jun 30, 2016 10:49 pm
Forum: Personal Finance (Not Investing)
Topic: minimize FICA payments or not?
Replies: 33
Views: 2018

Re: minimize FICA payments or not?

All these replies are great but this biggest question is how long you can control this and what the future holds. If you have reached your peak income years, then dialing in the FICA number sounds like the perfect bogelhead exercise. However if you are still building your career and your income at a...
by MN Finance
Thu Jun 30, 2016 10:41 pm
Forum: Personal Finance (Not Investing)
Topic: Large income event. Help avoiding taxes!
Replies: 6
Views: 1390

Re: Large income event. Help avoiding taxes!

The simplest way is to use a donor advised fund and contribute X years of future contributions this year and then use the fund in place of future contributions. Say you give away 20k a year. Contribute 200k this year and then use that money over the next 10 yrs. Of course the downside is that you do...
by MN Finance
Sat Jun 18, 2016 10:34 pm
Forum: Investing - Help with Personal Investments
Topic: Wisconsin state retirement system
Replies: 2
Views: 482

Re: Wisconsin state retirement system

It's been several years since I looked at this, so take my thoughts as you read the pdf posted to verify. The core account is basically a standard pension (invested 60/40) the variable is all stock. In the accumulation stage you basically get the best of either the years of service calculation or a ...
by MN Finance
Wed Jun 15, 2016 5:23 pm
Forum: Investing - Help with Personal Investments
Topic: Sell or Hold my C Shares
Replies: 4
Views: 337

Re: Sell or Hold my C Shares

I'm sure the answer is, yes sell. The C shares have a sales charge if the fund has been owned less than 1 year but otherwise there's no issue.
by MN Finance
Tue Jun 14, 2016 10:05 pm
Forum: Investing - Help with Personal Investments
Topic: Reasons to not till to 100% REIT or 100% small cap value stocks
Replies: 76
Views: 5612

Re: Reasons to not till to 100% REIT or 100% small cap value stocks

This is an easy answer. When you're young and have no money it really makes almost no difference how you invest, just that you do, and have a high savings rate. The problem with your plan is that when 50k is eventually 1050k and you a) underperform by double digits over a number of years, or b) you ...
by MN Finance
Tue Jun 14, 2016 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: Rental property sale - loss/gain?
Replies: 8
Views: 634

Re: Rental property sale - loss/gain?

You'll have both. You have a capital gain/loss on sale price less basis and a recapture of depreciation taken. They are not taxed the same way.

Any software should handle this, otherwise have a CPA do your taxes next year. This happens every day so it's not complicated.
by MN Finance
Tue Jun 14, 2016 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA transfer complete but I had a dividend come through afterwards.
Replies: 5
Views: 381

Re: Roth IRA transfer complete but I had a dividend come through afterwards.

This is on Vanguard, so you will want to communicate with them, not Scottrade There is an auto sweep if they used acat which sweeps funds about weekly for the first few weeks, then periodically after with the frequency declining, ending after a year. I would just do nothing and it will probably reso...
by MN Finance
Mon Jun 13, 2016 11:07 pm
Forum: Investing - Help with Personal Investments
Topic: Qualified or Non-Qualified Funds for Annuity in IRA
Replies: 5
Views: 422

Re: Qualified or Non-Qualified Funds for Annuity in IRA

First, annuities in an IRA don't amount to malpractice and nobody needs to be sued. Second, you don't move them to new Vanguard annuities. To the OP, you aren't choosing qualified or non qualified funds. The money is in an IRA. You just surrender them and move the money to a Vanguard IRA. Contact Va...
by MN Finance
Mon Jun 13, 2016 10:50 pm
Forum: Personal Consumer Issues
Topic: How many activities for your kids?
Replies: 70
Views: 5408

Re: How many activities for your kids?

We have 4 kids ages 5 to 10. We make each one do a sport and a music activity (5 yrs old not in music yet.) Make is a strong word obviously, but offer options and if they don't enjoy something we just offer some other options. I really dislike the culture in today's activities compared to when we we...
by MN Finance
Wed Jun 08, 2016 10:03 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Finding Advisor
Replies: 42
Views: 6932

Re: Fired by our Financial Advisor

I think I told you why they needed a SSN. They have to set a process across their firm for the info they gather, so there has to be some standard. By your logic, why do they need to know your name? I assume that's on the profile. They certainly may have ended it because they wouldn't be successful s...
by MN Finance
Wed Jun 08, 2016 8:09 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Finding Advisor
Replies: 42
Views: 6932

Re: Fired by our Financial Advisor

It's near impossible to say why this actually happened because we don't know enough about the firm. It could be that they're primarily in the business of selling products and didn't see that happening. Or just as likely they truly weren't interested in giving advice for someone they didn't have a re...
by MN Finance
Wed Jun 08, 2016 7:28 pm
Forum: Investing - Help with Personal Investments
Topic: 401 k moved to tiaa from vanguard
Replies: 5
Views: 424

Re: 401 k moved to tiaa from vanguard

The rules around retirement plans are dictated by your employer, so nobody here will be able to offer any insight. When you figure out your options, feel free to post them and someone will help design a portfolio.
by MN Finance
Wed Jun 08, 2016 5:56 pm
Forum: Personal Finance (Not Investing)
Topic: Taxation of house sale proceeds
Replies: 7
Views: 799

Re: Taxation of house sale proceeds

The original transaction was probably a gift dependent on more details. If that's indeed the case there could be other ramifications, as mentioned. But to capital gains, it means that the original owners basis carries to the son.
by MN Finance
Fri Jun 03, 2016 10:24 pm
Forum: Investing - Help with Personal Investments
Topic: Leaving Edward Jones, but are they having the last laugh.
Replies: 4
Views: 1689

Re: Leaving Edward Jones, but are they having the last laugh.

There's no conspiracy theory. This is how transfers happen. Any pending dividends and interest will be swept over automatically after they're deposited into the old account
by MN Finance
Thu Jun 02, 2016 8:08 pm
Forum: Investing - Theory, News & General
Topic: 401k rollover to IRA ERISA protections
Replies: 3
Views: 318

Re: 401k rollover to IRA ERISA protections

How about you ask your broker?
by MN Finance
Thu Jun 02, 2016 6:26 pm
Forum: Investing - Theory, News & General
Topic: TIAA Traditional account or intermediate term bond index?
Replies: 23
Views: 1840

Re: TIAA Traditional account or intermediate term bond index?

Don't confuse TIAAs past security over generations of a bond bull market and real estate expansion. The future will look vastly different with lower rates There is also almost no value in trying to anticipate payout rates a couple decades from now. Current payout tranches are very wide and clearly l...
by MN Finance
Thu Jun 02, 2016 6:09 pm
Forum: Investing - Help with Personal Investments
Topic: Contact state attorney general or attorney regarding financial advisor?
Replies: 10
Views: 1196

Re: Contact state attorney general or attorney regarding financial advisor?

I gave you a fairly knowledgeable course of action in your original question on this topic. I would recommend reading that thread again.

You would not contact the attorney general nor an attorney [at this point]
by MN Finance
Tue May 31, 2016 10:45 pm
Forum: Investing - Help with Personal Investments
Topic: Zeros for College?
Replies: 10
Views: 2307

Re: Zeros for College?

Not speaking to the bond pricing, but I don't think it's as complicated as you might think. Keep in mind that precision is clearly not necessary since the price of college is far more variable than the investment detail
by MN Finance
Thu May 26, 2016 8:46 pm
Forum: Personal Consumer Issues
Topic: Painting House Interior - How easy to do it yourself?
Replies: 101
Views: 6352

Re: Painting House Interior - How easy to do it yourself?

Painting a little is one thing, but a whole house is another. This TOTALLY depends on your priorities and where u want to spend time. I used to run a painting business so of course I was going to paint my own house. 10 years and 4 kids later my house has never been painted and looks it. I recently h...
by MN Finance
Thu May 26, 2016 8:39 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited IRA with RMDs in peak earning years -- other options?
Replies: 26
Views: 2162

Re: Inherited IRA with RMDs in peak earning years -- other options?

Here's the summary... you can't change the RMDs but there are tons of ways to reduce taxable income. At this point there's nothing but speculation because there's no detail on the situation
by MN Finance
Thu May 26, 2016 8:35 pm
Forum: Personal Finance (Not Investing)
Topic: Work or stay at home mom or change careers
Replies: 64
Views: 5037

Re: Work or stay at home mom or change careers

I didn't read all the posts but want to weigh in. My wife gave up a fairly decent career to stay home. You might have to ask her, but it was probably the best decision of her life. I often wish that I would have been the one to give up/reduce the career to have the family moments some people miss. I...
by MN Finance
Thu May 26, 2016 8:23 pm
Forum: Personal Finance (Not Investing)
Topic: 10% down jumbo loan with no PMI
Replies: 3
Views: 533

Re: 10% down jumbo loan with no PMI

There's no free lunch of course. The likelihood is that they've priced in some additional risk premium on something that's non conforming. You'd have to look at two comparable quotes to really tell the differences. Some of this also depends on the dollar amounts. Liquidating 50k of a 400k non qualif...
by MN Finance
Tue May 24, 2016 11:12 pm
Forum: Investing - Help with Personal Investments
Topic: Sell all my company stock prior to transfer to Vanguard?
Replies: 10
Views: 1051

Re: Old 401k has 33% in company stock - what are my options?

Thanks for all your feedback. Does anyone see an issue with just taking the easy road and selling the stock within my old 401k and moving it over to Vanguard into my new 401k? No, there's nothing wrong with it. That said, if the stock is highly appreciated, you could potentially use the strategy me...
by MN Finance
Wed May 18, 2016 8:00 pm
Forum: Personal Finance (Not Investing)
Topic: Pride in no inheritance to kids?
Replies: 233
Views: 2037

Re: Pride in no inheritance to kids?

Randomguy said it well. Imo the die is cast. Other than a fairly young death with young kids, if an inheritance negatively impacts the kids, well the kids didn't raise themselves and give themselves their own compass. That said, most reasonable kids would be just as happy to see the money spent by t...
by MN Finance
Tue May 17, 2016 9:52 pm
Forum: Investing - Help with Personal Investments
Topic: Transfer small portion of (Trad.) IRA assets to annuity, now?
Replies: 12
Views: 819

Re: Transfer small portion of (Trad.) IRA assets to annuity, now?

I think what you are missing is that when you decide to annuitize, that is the point that the company will look at your current age, current mortality tables, and discount / interest rate to decide what monthly payment can be provided. I don't believe you can "lock in" anything; the annui...
by MN Finance
Tue May 17, 2016 9:03 pm
Forum: Investing - Help with Personal Investments
Topic: Old stock certificate research help
Replies: 2
Views: 346

Re: Old stock certificate research help

Didn't you Google this?

Appears they merged with Walmart Mexico. You will want to contact the transfer agent which appears to be mellon.

Also just because you have certificates doesn't mean you still own any shares. They could have been sold or transfered.
by MN Finance
Tue May 17, 2016 8:53 pm
Forum: Investing - Help with Personal Investments
Topic: My friend wants to invest money; please review my advice for her
Replies: 44
Views: 3669

Re: My friend wants to invest money; please review my advice for her

I would probably not offer too much advice so you're not dealing with it if something goes wrong. Second, she has no idea how she will feel if she losses half a year's income if the market tanks. Unless she's sure she won't bail, she should be cautious. Third, she doesn't just need to up and invest ...

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