Search found 402 matches

by bostondan
Mon Oct 09, 2017 9:28 pm
Forum: Personal Finance (Not Investing)
Topic: Does IRS life expectancy table change?
Replies: 10
Views: 1215

Re: Does IRS life expectancy table change?

The exception may be in the year of the change by proposed regulations. I seem to remember that when the proposed RMD regulations were published with a future effective date, they did allow RMDs for that year to use the proposed regulation's' tables. Makes sense. I'll just make sure to check each y...
by bostondan
Sun Oct 08, 2017 8:28 pm
Forum: Personal Finance (Not Investing)
Topic: Does IRS life expectancy table change?
Replies: 10
Views: 1215

Re: Does IRS life expectancy table change?

Grt2bOutdoors wrote:
Sun Oct 08, 2017 8:25 pm
You use the table in effect at IRS at time of beginning RMD's.
Thanks. Do you happen to have a reference for this fact? I am struggling to find that specific rule.
by bostondan
Sun Oct 08, 2017 8:19 pm
Forum: Personal Finance (Not Investing)
Topic: Does IRS life expectancy table change?
Replies: 10
Views: 1215

Does IRS life expectancy table change?

This might be a stupid question, but I can't seem to find the answer. Does the life expectancy table provided by the IRS for RMDs get updated occasionally? If so, do we calculate future RMDs (obviously can't be calculated yet) based off the table at that time, or the table at the time of starting to...
by bostondan
Fri Sep 29, 2017 12:35 pm
Forum: Personal Consumer Issues
Topic: Should I get a New Macbook Pro?
Replies: 47
Views: 3941

Re: Should I get a New Mac or Macbookpro?

Honestly, I dislike my new Macbook Pro 15" with Touch Bar. The touch bar is really useless to me. I type without looking at the screen, so it is of no utility to me unless I want to start looking down to do things. It changes per app, so there is no way easy to memorize the position of buttons. The ...
by bostondan
Fri Sep 29, 2017 6:30 am
Forum: Personal Consumer Issues
Topic: The Expert's Dilemma - How can I know I'm getting a good physician without being one myself?
Replies: 125
Views: 8362

Re: The Expert's Dilemma - How can I know I'm getting a good physician without being one myself?

1. I like if my doctor was selected as a chief resident during Internal Medicine residency. It means that a substantial number of people who were observing this person closely in training felt that he or she was of the highest caliber. The doctor might still be bad and just fooling people, but it i...
by bostondan
Wed Sep 27, 2017 9:18 pm
Forum: Personal Consumer Issues
Topic: The Expert's Dilemma - How can I know I'm getting a good physician without being one myself?
Replies: 125
Views: 8362

Re: The Expert's Dilemma - How can I know I'm getting a good physician without being one myself?

Bostondan gives great insight. As a surgeon, I would like to clarify the concept of "chief resident" as it is very different in surgical specialties compared to medical specialties. In some medical specialties, the chief resident is an administrative position where a resident who has otherwise fini...
by bostondan
Tue Sep 26, 2017 9:30 pm
Forum: Personal Consumer Issues
Topic: The Expert's Dilemma - How can I know I'm getting a good physician without being one myself?
Replies: 125
Views: 8362

Re: The Expert's Dilemma - How can I know I'm getting a good physician without being one myself?

I am a cardiology fellow currently at a highly-ranked academic hospital. I practiced as a hospitalist briefly before that at a different Crimson-themed Boston hospital. I have a complete non-evidence-based method for who I select as a physician. It probably isn't particularly helpful for most people...
by bostondan
Sat Sep 23, 2017 9:19 pm
Forum: Investing - Help with Personal Investments
Topic: Merging inheritance with different asset allocation
Replies: 17
Views: 1374

Re: Merging inheritance with different asset allocation

Also, the cash is currently in a Roth IRA. Taking out more than the RMDs isn't generally recommended unless the money is needed for spending, since there would be a loss of tax-free status and potentially some loss of liability protections. However, if he were to deposit withdrawals into a 529, he'...
by bostondan
Sat Sep 23, 2017 9:27 am
Forum: Investing - Help with Personal Investments
Topic: Merging inheritance with different asset allocation
Replies: 17
Views: 1374

Re: Merging inheritance with different asset allocation

Sounds like you have a plan in mind now, but if it helps, what would your IPS (regardless of whether it's written or in your head) tell you to do x years from now when you would have "naturally" grown your portfolio to $3.3M? Good question. I think it would tell me to not change anything. I'll prob...
by bostondan
Thu Sep 21, 2017 7:47 pm
Forum: Investing - Help with Personal Investments
Topic: Merging inheritance with different asset allocation
Replies: 17
Views: 1374

Re: Merging inheritance with different asset allocation

I cannot tell what is going on here. It seems there are enough tax-advantaged assets that can be used to get the overall portfolio Asset Allocation inline with your desires without any capital gains or tax consequences, so that the taxable assets can be dealt with in a rationale tax-efficient manor...
by bostondan
Thu Sep 21, 2017 11:58 am
Forum: Investing - Help with Personal Investments
Topic: Merging inheritance with different asset allocation
Replies: 17
Views: 1374

Merging inheritance with different asset allocation

We just completed the process of dividing the assets of my late mother between me and my sister. I am wondering about what strategy Bogleheads use for adjusting asset allocation in this situation where I will be merging a large amount of assets with a different AA. I will give general dollar amounts...
by bostondan
Tue Sep 12, 2017 8:42 pm
Forum: Personal Finance (Not Investing)
Topic: Presentation for medical residents, need suggestions about loan topic
Replies: 3
Views: 475

Presentation for medical residents, need suggestions about loan topic

I give an annual talk to the Internal Medicine residents about personal finance for the graduating resident. It is basically just a typical Bogleheads presentation with a few extra discussion points on disability insurance. I only very superficially bring up student loans, since it is difficult to g...
by bostondan
Tue Sep 12, 2017 8:37 pm
Forum: Personal Consumer Issues
Topic: Iphone X is $1000
Replies: 333
Views: 20182

Re: Iphone X is $1000

I don't waste money on many things and save much more than necessary. I enjoy having a nice phone. I'll be getting it, knowing that it is a "waste" of money.
by bostondan
Sat Aug 26, 2017 8:23 am
Forum: Personal Consumer Issues
Topic: Crashplan for Home ending service late 2018
Replies: 92
Views: 7039

Re: Crashplan for Home ending service late 2018

I've been using CrashPlan for nearly 10 years. I'm disappointed that they are going away, but I don't believe they made any promise to us to never change. Businesses frequently pivot. It's just the way things are. I'm only slightly annoyed because I recommended them to so many people, so now they mi...
by bostondan
Sat Jul 15, 2017 10:28 am
Forum: Personal Consumer Issues
Topic: Estate Planning-Question on Trust
Replies: 11
Views: 1011

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: 42
Views: 4722

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: 42
Views: 4722

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: 42
Views: 4722

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: 6286

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: 6286

Re: Robocalls! -- current best call blocker?

Reading this article may give some clue as to why we are fighting an impossible enemy :annoyed 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" http://www.miamiherald.com/news/local/community/miami-dade/a...
by bostondan
Fri Jun 30, 2017 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: Engagement Ring Insurance
Replies: 46
Views: 3481

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: 6286

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: 4720

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: 2833

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: 3575

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: 1296

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: 1014

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: 511

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: 511

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 counts as a...
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: 1764

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: 1764

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 require whate...
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: 1764

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: 879

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: 3972
Views: 1056339

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: 3268

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: 1852

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: 1852

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: 1433

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: 1852

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: 1433

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: 4306

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: 1431

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: 1431

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: 1431

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: 1431

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: 1431

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: 1431

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: 7599

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: 3281

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.