Search found 387 matches

by bostondan
Sat Jul 15, 2017 10:28 am
Forum: Personal Consumer Issues
Topic: Estate Planning-Question on Trust
Replies: 11
Views: 937

Re: Estate Planning-Question on Trust

Talk to your lawyer about one or more of your kids being trustee along with you now or in the future. That will make it far easier for them to step in if your and spouse are no longer able to manage your affairs. My sister and I were listed as trustees for my late mother and father's living trust. ...
by bostondan
Wed Jul 12, 2017 7:35 pm
Forum: Personal Finance (Not Investing)
Topic: Jewelry insurance. Is it ever worth it?
Replies: 35
Views: 3085

Re: Jewelry insurance. Is it ever worth it?

OP, don't consider it an investment. Determine if you're risk averse enough to want insurance. We are, so we have it. A close friend lost her engagement ring yesterday while performing a cardiac catheterization. It must have come off in her glove. She was distraught, but at least comforted by the f...
by bostondan
Wed Jul 12, 2017 5:06 am
Forum: Personal Finance (Not Investing)
Topic: Jewelry insurance. Is it ever worth it?
Replies: 35
Views: 3085

Re: Jewelry insurance. Is it ever worth it?

A close friend lost her engagement ring yesterday while performing a cardiac catheterization. It must have come off in her glove. She was distraught, but at least comforted by the fact that she had separate insurance for the ring. HOWEVER, the insurance company said they do not cover misplacement, ...
by bostondan
Tue Jul 11, 2017 8:23 pm
Forum: Personal Finance (Not Investing)
Topic: Jewelry insurance. Is it ever worth it?
Replies: 35
Views: 3085

Re: Jewelry insurance. Is it ever worth it?

A close friend lost her engagement ring yesterday while performing a cardiac catheterization. It must have come off in her glove. She was distraught, but at least comforted by the fact that she had separate insurance for the ring. HOWEVER, the insurance company said they do not cover misplacement, s...
by bostondan
Fri Jun 30, 2017 2:06 pm
Forum: Personal Consumer Issues
Topic: Robocalls! -- current best call blocker?
Replies: 58
Views: 5829

Re: Robocalls! -- current best call blocker?

Supposedly if you pick up the call, wait 3 seconds in silence, and then hang up, it charges them a little bit of $ and eventually they will add you into their systems and quit calling. I just started trying this with any unknown numbers so I'll report back if it works. I used to try this. It didn't...
by bostondan
Fri Jun 30, 2017 1:49 pm
Forum: Personal Consumer Issues
Topic: Robocalls! -- current best call blocker?
Replies: 58
Views: 5829

Re: Robocalls! -- current best call blocker?

Reading this article may give some clue as to why we are fighting an impossible enemy He made 1 million robocalls every day and almost 44,000 an hour. "Miami man accused of making 96 million robocalls now faces $120 million fine" m Something needs to drastically change with the phone syst...
by bostondan
Fri Jun 30, 2017 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: Engagement Ring Insurance
Replies: 46
Views: 3133

Re: Engagement Ring Insurance

I agree that it does not need to be insured. I previously insured my wife's $10k ring for $150/year, but decided to stop this year for the following reasons: 1. If the ring were lost or stolen, and not insured, would it hurt me financially to replace it? No. 2. If the ring were lost or stolen, and n...
by bostondan
Fri Jun 30, 2017 1:40 pm
Forum: Personal Consumer Issues
Topic: Robocalls! -- current best call blocker?
Replies: 58
Views: 5829

Re: Robocalls! -- current best call blocker?

I recommend RoboKiller for iPhone. It's $0.99/month. I tried Nomorobo, Hiya, Mr. Number (appears to be the same company as Hiya now), and some others as well. They all use CallKit to block the calls on the iPhone. You can't tell when a call has been blocked unfortunately, so it's hard to know if it ...
by bostondan
Thu Jun 01, 2017 3:38 am
Forum: Investing - Theory, News & General
Topic: CryptoCurrency ETF or Buy Bitcoin/Crypto Direct?
Replies: 52
Views: 4087

Re: CryptoCurrency ETF or Buy Bitcoin/Crypto Direct?

I don't believe there are any ETFs that currently exist. They have been rejected so far. The only option is to buy direct. If an ETF did exist, I might be willing to buy $10k just for fun. The cryptocurrencies are complicated and I don't want to take the time to understand them enough to buy directl...
by bostondan
Wed May 31, 2017 8:59 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have a bucket to pay your mortgage or pay from core?
Replies: 36
Views: 2624

Re: Do you have a bucket to pay your mortgage or pay from core?

I don't think you need a separate checking account. It will just make your life more confusing. However, I do actually have three checking accounts, but for good reason: 1. Joint checking account with my wife. Used for all typical expenses. 2. Joint checking account with my sister. Used for taking d...
by bostondan
Wed May 31, 2017 8:48 pm
Forum: Personal Consumer Issues
Topic: Nephews play football - don't want to encourage this
Replies: 45
Views: 3374

Re: Nephews play football - don't want to encourage this

I don't blame you. I grew up thinking my mom was ridiculous because she refused to let me play football. Now, decades later, having gone to medical school at BUSM where the CTE (chronic traumatic encephalopathy) center was established, I realize she was right. She was wrong about a lot of other neur...
by bostondan
Wed May 31, 2017 8:40 pm
Forum: Investing - Theory, News & General
Topic: Vanguard to seize wealth management industry with its digital platform
Replies: 3
Views: 1248

Re: Vanguard to seize wealth management industry with its digital platform

Hooray for Vanguard. But I still don't see paying an AUM fee as a good way to buy financial planning advice. A straight fee for service or hourly rate would be a far better deal for the consumer. Most of the time the AUM fee pays the advisor for doing exactly nothing. I agree. I wish they would at ...
by bostondan
Wed May 31, 2017 4:52 am
Forum: Investing - Theory, News & General
Topic: Does your username at fidelity.com get hidden?
Replies: 12
Views: 910

Re: Does your username at fidelity.com get hidden?

Yes, this happens with my username. I hate it because the usernames for me, my wife, and my sister all end the same (beginning of our last name). I manage all of our accounts. The result is that I never know which username is prefilled and often enter the wrong password. I solved this issue by becom...
by bostondan
Tue May 30, 2017 10:19 pm
Forum: Investing - Help with Personal Investments
Topic: TLH funds for my portfolio situation?
Replies: 7
Views: 452

Re: TLH funds for my portfolio situation?

I'll add one other thing. Some people don't think wash sales apply to 401ks because the IRS does not specifically mention them, only IRAs. I believe the logic also has something to do with the fact that you don't have full control over what limited investments are available in the 401k, so maybe it ...
by bostondan
Tue May 30, 2017 10:01 pm
Forum: Investing - Help with Personal Investments
Topic: TLH funds for my portfolio situation?
Replies: 7
Views: 452

Re: TLH funds for my portfolio situation?

1. We're not making contributions to our past-employer 401ks, so they don't pose wash-sale risks vs our taxable funds, right? What about dividends? You still probably have dividends being reinvested, so you continue to "contribute" to your past-employer 401k. Each of those reinvestments c...
by bostondan
Thu May 25, 2017 7:59 am
Forum: Personal Finance (Not Investing)
Topic: Dating each signature? Letter rejected by Merrill Edge
Replies: 10
Views: 1688

Re: Dating each signature? Letter rejected by Merrill Edge

I'm not a lawyer, but I think a non-dated signature could be a legitimate legal issue. There was a date on the letter, just not on the individual signature. It was a one page document, so the date was not far from the signature. I was wondering about whether the signature itself needs to directly b...
by bostondan
Thu May 25, 2017 7:36 am
Forum: Personal Finance (Not Investing)
Topic: Dating each signature? Letter rejected by Merrill Edge
Replies: 10
Views: 1688

Re: Dating each signature? Letter rejected by Merrill Edge

In what sense? There is no "law" (that I am aware of) requiring dating of each signature. However, it may simply be their company policy for legal prudence. What does your Merrill Edge account guide/terms/agreement state in regards to written requests? I fully understand that they can req...
by bostondan
Wed May 24, 2017 10:04 am
Forum: Personal Finance (Not Investing)
Topic: Dating each signature? Letter rejected by Merrill Edge
Replies: 10
Views: 1688

Dating each signature? Letter rejected by Merrill Edge

When writing a letter requesting an action to be taken of an investment firm (or anyone else), does each signature on the letter need to be dated separately? I wrote a letter to Merrill Edge requesting that funds be transferred, per their instruction, but the letter was returned because of this issu...
by bostondan
Tue May 23, 2017 9:26 am
Forum: Personal Finance (Not Investing)
Topic: Trustee who is also beneficiary of the trust and the trustee fees
Replies: 6
Views: 825

Re: Trustee who is also beneficiary of the trust and the trustee fees

I don't think you're understanding the math correctly. Take the fee from the unsplit assets if desired. He is not getting paid a reduced amount.
by bostondan
Wed May 17, 2017 7:47 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 3712
Views: 978294

Re: U.S. stocks in freefall

I've taught my wife to be a good Boglehead who stays the course and doesn't think about market turbulence. I told her that we lost about $60k today with the market decline. She said, "Good, that means we have a lot of money."
by bostondan
Wed May 17, 2017 7:32 am
Forum: Investing - Theory, News & General
Topic: Fidelity portfolio advisory services
Replies: 25
Views: 2629

Re: Fidelity portfolio advisory services

My mother and sister used Fidelity PAS for a long time. In my mom's case she had $6m with them and was paying AUM fee of 0.5% and underlying fund fees weighted average around 0.6%, so total 1.1%. They had her in a million different funds and also individual stocks. It was a total mess. Some of the b...
by bostondan
Mon May 15, 2017 8:40 am
Forum: Investing - Theory, News & General
Topic: Does trade execution speed matter?
Replies: 15
Views: 1747

Re: Does trade execution speed matter?

There are differences in execution. Facts not in evidence: ⋅ Fidelity will be better than ML (what is the circumstances/metric?). ⋅ Fidelity rep misinformed (What is the context). Perspective: Does it matter for most people? Probably not. Observation: If trading costs matter, yo...
by bostondan
Sat May 13, 2017 9:48 am
Forum: Investing - Theory, News & General
Topic: Does trade execution speed matter?
Replies: 15
Views: 1747

Re: Does trade execution speed matter?

Thanks for all the references. I did not realize it was possible to make money off these things. However, that being said, it seems like there is no evidence to suggest that Merrill Edge's free trades (100/month) are of less value than Fidelity's $4.95 trades. Merrill Edge appears to not take paymen...
by bostondan
Fri May 12, 2017 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: How specific/specialized is your Living Will?
Replies: 22
Views: 1341

Re: How specific/specialized is your Living Will?

The residents decide who is DNR??? The resident does not "decide." I should have explained better. The patient decides, but the resident has the conversation. In this situation the attending should have been the one having the decision. To be fair, in most situations it is the resident at...
by bostondan
Fri May 12, 2017 4:32 pm
Forum: Investing - Theory, News & General
Topic: Does trade execution speed matter?
Replies: 15
Views: 1747

Does trade execution speed matter?

I contacted Fidelity about whether I could have the 500 free trade promotion applied to ALL my accounts if I transfer one account with greater than $100k. They basically said no, but they might be willing to give me a few free trades in other accounts too. The Fidelity CSR then said, "You shoul...
by bostondan
Fri May 12, 2017 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: How specific/specialized is your Living Will?
Replies: 22
Views: 1341

Re: How specific/specialized is your Living Will?

In my entire medical career a living will has never been helpful. The only helpful things are the following: 1. An informed health care proxy that discussed the patient's wishes at length before they became ill. This person is often a loved one or friend that has views compatible with the patient. I...
by bostondan
Fri May 12, 2017 8:58 am
Forum: Personal Consumer Issues
Topic: Price for brakes and rotors?
Replies: 73
Views: 3867

Re: Price for brakes and rotors?

I had the front brakes and rotors replaced on a 2010 Honda Civic a few weeks ago. With a synthetic oil change and tire rotation it came to $370. Similar price for me last month in Boston. Got front brakes and rotors replaced for $350. Dealer was fixing a recall when they alerted me that it needed t...
by bostondan
Thu May 11, 2017 9:04 pm
Forum: Investing - Help with Personal Investments
Topic: Inherited trust/personal asset allocations
Replies: 15
Views: 1355

Re: Inherited trust/personal asset allocations

I am told that one of the key benefits of Trusts and IRAs is protection of those assets from divorce or other legal actions now and in the future. This is your money separate from your wife and your and her creditors. So I would not merge them with your current married assets. Yes, they are separat...
by bostondan
Thu May 11, 2017 7:32 pm
Forum: Investing - Help with Personal Investments
Topic: Inherited trust/personal asset allocations
Replies: 15
Views: 1355

Re: Inherited trust/personal asset allocations

I generally avoid the funds that balance things for you. Unless they are very unusual, they will not promise to keep the same asset allocation. IF, for example, the fund company decides it wants a lot in international bonds, and you don't, your only option is to sell and take the tax hit. So I go f...
by bostondan
Tue May 09, 2017 9:13 pm
Forum: Investing - Help with Personal Investments
Topic: Inherited trust/personal asset allocations
Replies: 15
Views: 1355

Re: Inherited trust/personal asset allocations

What about this idea for the sake of simplicity? I could use something like the Fidelity Four-in-One Index Fund (FFNOX) in the Inherited Roth IRA, individual index funds in the taxable trust, and then use the annual RMDs to rebalance? These are my reasons for thinking this makes sense: 1. It seems e...
by bostondan
Tue May 09, 2017 8:57 pm
Forum: Investing - Help with Personal Investments
Topic: Inherited trust/personal asset allocations
Replies: 15
Views: 1355

Re: Inherited trust/personal asset allocations

Just one comment. After a stepped up basis any gain is long term. Gill You are right. I didn't quite state that correctly. The assets were previously under the management of a high-fee Fidelity advisor, so we sold all the assets as soon as they received the stepped up basis. The money has been in a...
by bostondan
Tue May 09, 2017 8:52 pm
Forum: Investing - Help with Personal Investments
Topic: Inherited trust/personal asset allocations
Replies: 15
Views: 1355

Re: Inherited trust/personal asset allocations

Bostondan should have a pending strategy that puts the trust money last in line, since it has such favorable characteristics. It will be more valuable to the kids than money inherited outright. This is one of the main reasons I was unsure about how do the asset location. I want to keep this money i...
by bostondan
Tue May 09, 2017 8:42 am
Forum: Investing - Help with Personal Investments
Topic: Inherited trust/personal asset allocations
Replies: 15
Views: 1355

Inherited trust/personal asset allocations

I'm in the process of merging my personal accounts with those of a trust containing inherited assets. I'm not quite sure of the best approach to merging them. Trustees are me, my wife, and my sister. I am the beneficiary. Investment decisions are made jointly, but implemented by me. I'm 32 years old...
by bostondan
Tue Apr 25, 2017 12:24 am
Forum: Personal Consumer Issues
Topic: My Doctor says I am "unusual" (declining some blood tests)
Replies: 51
Views: 7377

Re: My Doctor says I am "unusual" (declining some blood tests)

With EMR, how is this even possible? I skimmed the above, but just wanted to share some interesting info about this topic. You might expect duplicate testing to decrease when you can see past results, but there has been mixed data about this: - Increased rate of duplicate echocardiograms after EHR ...
by bostondan
Tue Apr 25, 2017 12:12 am
Forum: Local Chapters and Bogleheads Community
Topic: Hawaii Bogleheads, where are you?
Replies: 26
Views: 3076

Re: Hawaii Bogleheads, where are you?

Do any of the Hawaii Bogleheads come originally from somewhere far away, such as Boston? Do you travel frequently to see family? How much does it cost to live that type of life? I'd be interested to discuss this privately with someone. If you're willing to, please PM me.
by bostondan
Tue Apr 25, 2017 12:10 am
Forum: Personal Consumer Issues
Topic: If you are financially independent, how much monywould you bother to make?
Replies: 31
Views: 3953

Re: If you are financially independent, how much monywould you bother to make?

I thought the definition of being financially independent is to not have to stress about making money anymore. But here you are, spending time thinking about it. I would say that if you are on the fence about any money-making decision now, that the answer for you should be a firm "no". I ...
by bostondan
Mon Apr 24, 2017 9:34 am
Forum: Personal Consumer Issues
Topic: Comcast negotiations
Replies: 58
Views: 6709

Re: Comcast negotiations

The key is being in a market with competition. I currently have RCN, who gave me a no-contract deal for 50 megabit internet service (all I got) for $34.99 first year and $44.99 second year. I use my own modem. But I'm in a market which also has Comcast, also has Verizon Fios. When my second year of...
by bostondan
Sun Apr 23, 2017 8:48 pm
Forum: Personal Finance (Not Investing)
Topic: how much house can we afford? Boston area.
Replies: 50
Views: 3848

Re: how much house can we afford? Boston area.

I think that we are in a real estate bubble in the Boston area. I wouldn't be in a hurry to buy. I would wait for the next recession and see how secure my job is before I buy. Not owning real estate has the advantage that it's easy to move if you lose your job. It certainly seems that we're in a bu...
by bostondan
Sun Apr 23, 2017 3:45 pm
Forum: Personal Finance (Not Investing)
Topic: how much house can we afford? Boston area.
Replies: 50
Views: 3848

Re: how much house can we afford? Boston area.

Not sure I understand. Do people in HCOLs not save for retirement, vacation, have unexpected emergencies, kids, etc? Many don't. An orthopedic surgeon I work with, who makes around $800k/year, was telling me that he is living paycheck to paycheck. He recently purchased a $3 million home and can't a...
by bostondan
Sun Apr 23, 2017 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: how much house can we afford? Boston area.
Replies: 50
Views: 3848

Re: how much house can we afford? Boston area.

Are you willing to move outside the city? If you can move as far as a place like Sharon, MA, then you can get a reasonable house in a price range you could likely afford. If you're willing to compromise slightly and move to Easton, Framingham, or other similar places, you can do better. My wife and ...
by bostondan
Fri Apr 21, 2017 10:13 am
Forum: Investing - Theory, News & General
Topic: Wealthfront Portfolio Line of Credit
Replies: 5
Views: 1015

Re: Wealthfront Portfolio Line of Credit

randomguy wrote:Personally the rates seem really to me. These are loans backed with 3x of assets that can be forced to be sold to pay the loan. That is pretty low risk.


Thanks for your thoughts.

Really high or really low? I think you left out a word.
by bostondan
Fri Apr 21, 2017 8:17 am
Forum: Investing - Theory, News & General
Topic: Wealthfront Portfolio Line of Credit
Replies: 5
Views: 1015

Wealthfront Portfolio Line of Credit

Wealthfront has launched a new product that allows customers to take up to 30% of their portfolio value out as a loan: m I don't understand these things well enough, but at first glance it seems like a bad idea. The interest rate is advertised as being low, but I don't know how it compares to a stan...
by bostondan
Wed Apr 19, 2017 1:59 pm
Forum: Investing - Help with Personal Investments
Topic: Friendly heads up for anyone leaving Betterment
Replies: 1
Views: 627

Re: Friendly heads up for anyone leaving Betterment

The same issue applies when leaving other robos. I had some unwanted trades take place from FutureAdvisor. They were similarly kind in refunding some of the tax costs to me. The taxes owed were certainly my responsibility, but they accepted that the only reason for realizing the capital gains now wa...
by bostondan
Sun Apr 16, 2017 7:54 pm
Forum: Local Chapters and Bogleheads Community
Topic: Hawaii Bogleheads, where are you?
Replies: 26
Views: 3076

Re: Hawaii Bogleheads, where are you?

I'm not from Hawaii, but I've probably tried to convince my wife to move to Oahu once per week for the past 6 years. We spent a couple weeks with friends in their beachfront home in Kailua right on Lanikai Beach recently and I was prepared to not come back to Boston. I'm trying to at least make it s...
by bostondan
Sun Apr 09, 2017 4:12 pm
Forum: Personal Finance (Not Investing)
Topic: Malpractice tail
Replies: 8
Views: 1506

Re: Malpractice tail

Is it not standard to have malpractice insurance that includes tail? I know you can get it without tail insurance, but the standard advice we're given here is that not having included tail insurance should be considered a deal breaker. My insurance is through CRICO, so I've never really had to think...
by bostondan
Fri Mar 31, 2017 10:56 am
Forum: Personal Finance (Not Investing)
Topic: Using irrevocable trust to optimize home purchase in HCOL area
Replies: 23
Views: 1524

Re: Using irrevocable trust to optimize home purchase in HCOL area

1. Did you see the article in yesterday's NYT about the sweet spot for schools vs. price in suburban Boston? m I hadn't seen this, but it's interesting. We're not cut out for the suburbs, at least not currently. It isn't surprising that Brookline has such a premium considering that it's basically s...
by bostondan
Fri Mar 31, 2017 10:05 am
Forum: Personal Finance (Not Investing)
Topic: Using irrevocable trust to optimize home purchase in HCOL area
Replies: 23
Views: 1524

Re: Using irrevocable trust to optimize home purchase in HCOL area

The highest asset protection would be to combine tenants by entirety ownership with leaving all the assets in the trust. This requires you to spend a large share of your personal funds to pay the mortgage. It sounds like you could afford this. If so, there is no reason to worry about having a small...
by bostondan
Fri Mar 31, 2017 9:53 am
Forum: Personal Finance (Not Investing)
Topic: Irrevocable trust deposit rules question
Replies: 4
Views: 457

Re: Irrevocable trust deposit rules question

The trust is a separate entity with income and principal being accounted for separately. It's administration is governed by state law and the terms of the instrument. Often different parties are interested in the income from the trust than those with an interest in principal. Normally it is not app...
by bostondan
Fri Mar 31, 2017 7:47 am
Forum: Personal Finance (Not Investing)
Topic: Irrevocable trust deposit rules question
Replies: 4
Views: 457

Irrevocable trust deposit rules question

I am the beneficiary of an irrevocable trust created when my mother died. I just have a hypothetical question about trust rules. Maybe my Google skills are rusty, but I couldn't figure out the answer to my question. I would of course clarify rules with our attorney before doing anything, and have no...
by bostondan
Fri Mar 31, 2017 6:32 am
Forum: Personal Finance (Not Investing)
Topic: Using irrevocable trust to optimize home purchase in HCOL area
Replies: 23
Views: 1524

Re: Using irrevocable trust to optimize home purchase in HCOL area

@Maxdog

Wow, quite an idea! We'll probably try to keep it simpler than that, but I'd be interested to see someone else do that and succeed. Thanks for the reply.