Search found 2707 matches

by delamer
Tue Sep 19, 2017 3:47 pm
Forum: Investing - Help with Personal Investments
Topic: Getting father-in-law off of UBS & its 1.5% AUM fee
Replies: 15
Views: 1017

Re: Getting father-in-law off of UBS & its 1.5% AUM fee

Have you thought about steering them toward the Vanguard Personal Advisor Services?

Then it becomes "Here is a less expensive way to do what you are already doing." Rather than a "You are doing this wrong. I will show you a better way."
by delamer
Tue Sep 19, 2017 3:21 pm
Forum: Investing - Help with Personal Investments
Topic: Please review my early retirement plan
Replies: 13
Views: 1594

Re: Please review my early retirement plan

Thanks for the input so far. Any thoughts on item #2 - Should I withdrawal a years expenses in January, or make small withdrawals each month ? I don't think it matters much, especially since the withdrawals are such a small portion of your liquid assets. You could split the difference, and go with ...
by delamer
Mon Sep 18, 2017 8:57 pm
Forum: Investing - Help with Personal Investments
Topic: Please review my early retirement plan
Replies: 13
Views: 1594

Re: Please review my early retirement plan

...What do you plan to do with your estate in the likely event that you outlive your assets? Are you offering to take it off my hands ?? :D :D First it goes to my wife. If she dies before me, then it goes to several carefully selected charities. Are you offering to let me take it off your hands? :w...
by delamer
Mon Sep 18, 2017 8:17 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Efficient Placement for Retirement Assets when Starting in 50s Following Major Loss
Replies: 10
Views: 830

Re: Tax Efficient Placement for Retirement Assets when Starting in 50s Following Major Loss

I am sorry about your mother. Your grandmother has been generous to provide him housing. I assume you are saying that is the extent of any monetary help from her for him? Since you have must have a good idea of his expenses (based on your setting aside enough dollars to cover 18 months of them), do...
by delamer
Mon Sep 18, 2017 7:55 pm
Forum: Personal Finance (Not Investing)
Topic: How much to pay for a simple will in Philly area?
Replies: 4
Views: 292

Re: How much to pay for a simple will in Philly area?

Are you aware that Pennsylvania has an inheritance tax that will be imposed on whatever money your children inherit? I'd find a qualified estate attorney who can advise you on minimizing that tax and other issues for an estate of your size. And yes, you need to provide for power-of attorney, medical...
by delamer
Mon Sep 18, 2017 7:25 pm
Forum: Investing - Help with Personal Investments
Topic: Please review my early retirement plan
Replies: 13
Views: 1594

Re: Please review my early retirement plan

For nine years, until you are 67, you'll have to spend $450,000 (plus taxes) of your assets to meet your expenses. Even if you only had a return on the remainder equal to inflation, you'd still have enough left to withdraw almost $70,000 per year (in today's dollars) at 4% once you get to 67. And t...
by delamer
Mon Sep 18, 2017 6:49 pm
Forum: Personal Finance (Not Investing)
Topic: Calling out the not so rich bogleheads
Replies: 102
Views: 9439

Re: Calling out the not so rich bogleheads

We averaged a 10% contribution to our 401(k)s, including our employer matches, during our married years. Nothing close to maxing out our contributions or the 15%-plus savings rates that are mentioned often on this forum Today, 23 years after we both started contributing, we have 145 times what we di...
by delamer
Mon Sep 18, 2017 6:00 pm
Forum: Investing - Help with Personal Investments
Topic: Please review my early retirement plan
Replies: 13
Views: 1594

Re: Please review my early retirement plan

For nine years, until you are 67, you'll have to spend $450,000 (plus taxes) of your assets to meet your expenses. Even if you only had a return on the remainder equal to inflation, you'd still have enough left to withdraw almost $70,000 per year (in today's dollars) at 4% once you get to 67. And th...
by delamer
Mon Sep 18, 2017 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: Home Equity Disproportionate to Investments
Replies: 9
Views: 688

Re: Home Equity Disproportionate to Investments

You could refinance your remaining mortgage into a lower rate and/or longer term, whatever lowers your monthly payment. You'll probably pay more in interest, but increase your liquidity.
by delamer
Mon Sep 18, 2017 3:14 pm
Forum: Investing - Help with Personal Investments
Topic: Divorced parents saving for kids college
Replies: 16
Views: 1033

Re: Divorced parents saving for kids college

I know if we jointly contribute to it, we can leverage compound interest on the principle contributions. I don't understand this. You might have lower expenses with higher balances on mutual funds or higher interest rates with higher balances on cash equivalents. It seems to me that you should have...
by delamer
Mon Sep 18, 2017 3:05 pm
Forum: Personal Consumer Issues
Topic: Sticky family/parental care situation...long post
Replies: 19
Views: 1836

Re: Sticky family/parental care situation...long post

The circumstances just seem a bit odd on several points. But every family's dynamics are different and if it were me, the care of FIL outweighs a lot of other things. But... why shouldn't you ask for some financial reporting? Why is the check made out to the daughter? What happens if caregiver is i...
by delamer
Mon Sep 18, 2017 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: Tired of investing, where to once and for all
Replies: 17
Views: 2217

Re: Tired of investing, where to once and for all

What are you now doing that so onerous that you find it tiring? I'm 60 and still working....hope to retire 2-3 years and my AA is set. At a minimum, my IPS says to check target vs actual on my birthday and rebalance if more than 5% off anywhere. This honestly takes me 15 minutes a year. I suppose i...
by delamer
Mon Sep 18, 2017 2:14 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Efficient Placement for Retirement Assets when Starting in 50s Following Major Loss
Replies: 10
Views: 830

Re: Tax Efficient Placement for Retirement Assets when Starting in 50s Following Major Loss

I am sorry about your mother. Your grandmother has been generous to provide him housing. I assume you are saying that is the extent of any monetary help from her for him? Since you have must have a good idea of his expenses (based on your setting aside enough dollars to cover 18 months of them), do ...
by delamer
Mon Sep 18, 2017 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: To apply for new position or not?
Replies: 6
Views: 512

Re: To apply for new position or not?

It sounds like your boss already knows you have looked around, based on what you said about him/her being informed about putting you on the key talent list after an earlier internal interview.

So I am not sure what your hesitation is about another application.
by delamer
Mon Sep 18, 2017 1:34 pm
Forum: Investing - Help with Personal Investments
Topic: My in-laws' nest egg of $50k
Replies: 34
Views: 4079

Re: My in-laws' nest egg of $50k

I agree with the above -- treat their nest egg as an emergency fund and don't take out a mortgage on the condo. One thing to consider -- in all likelihood, one of them is going to predecease the other and the survivor's Social Security will be reduced. My best guess is that it will fall to about $8...
by delamer
Sun Sep 17, 2017 10:08 pm
Forum: Investing - Help with Personal Investments
Topic: My in-laws' nest egg of $50k
Replies: 34
Views: 4079

Re: My in-laws' nest egg of $50k

I agree with the above -- treat their nest egg as an emergency fund and don't take out a mortgage on the condo. One thing to consider -- in all likelihood, one of them is going to predecease the other and the survivor's Social Security will be reduced. My best guess is that it will fall to about $80...
by delamer
Sun Sep 17, 2017 12:21 pm
Forum: Investing - Help with Personal Investments
Topic: Considering rolling over Vanguard funds to TSP
Replies: 13
Views: 961

Re: Considering rolling over Vanguard funds to TSP

Are there any additional reasons to keep my Rollover IRA at Vanguard that I may be missing? Suggestions welcome. Inheritance rules for a TSP are different and less favorable than an IRA. There was a post a while back where someone ran into this situation. 1) Father has a large TSP and when he died ...
by delamer
Sun Sep 17, 2017 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: Psychological effects of Early Retirement in peak earning years.
Replies: 60
Views: 5911

Re: Physiological effects of Early Retirement in peak earning years.

This is a common problem that has been discussed in other threads. As you said, it is a time versus money issue, compounded by some people having trouble identifying what they really need. At a party given by a billionaire on Shelter Island, Kurt Vonnegut informs his pal, Joseph Heller, that their ...
by delamer
Sat Sep 16, 2017 6:07 pm
Forum: Personal Finance (Not Investing)
Topic: Psychological effects of Early Retirement in peak earning years.
Replies: 60
Views: 5911

Re: Physiological effects of Early Retirement in peak earning years.

This is a common problem that has been discussed in other threads. As you said, it is a time versus money issue, compounded by some people having trouble identifying what they really need. At a party given by a billionaire on Shelter Island, Kurt Vonnegut informs his pal, Joseph Heller, that their h...
by delamer
Sat Sep 16, 2017 5:59 pm
Forum: Investing - Help with Personal Investments
Topic: Considering rolling over Vanguard funds to TSP
Replies: 13
Views: 961

Re: Considering rolling over Vanguard funds to TSP

Will the restrictions on TSP withdrawals be alleviated? And how were they concocted in the first place? What about the option of buying a partial or full annuity? (I was just thinking about annuities recently) My understanding is that the restrictions were put TSP withdrawals in order to keep plan ...
by delamer
Sat Sep 16, 2017 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: Advice on Parents' Financial Situation
Replies: 11
Views: 1390

Re: Advice on Parents' Financial Situation

A very difficult situation and you have my sympathy. I do not underestimate the difficulty of doing this, but have you discussed with your parents what will happen to the business and their finances if one of them becomes too ill to work or dies? It sounds like the business would collapse if that ha...
by delamer
Fri Sep 15, 2017 3:10 pm
Forum: Investing - Help with Personal Investments
Topic: IRA withdrawal at 64
Replies: 4
Views: 362

Re: IRA withdrawal at 64

Why do you want to move money from the IRA into a taxable account if you don't need the money for expenses? You'd be paying taxes now for no reason, unless your marginal tax rate will increase in the future (like when you begin RMDs). It would make more sense to do a Roth conversion and pay taxes no...
by delamer
Fri Sep 15, 2017 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: Average American Net Worth is $534,600?
Replies: 15
Views: 2249

Re: Average American Net Worth is $534,600?

If we counted negative net worth, wouldn't the average be zero? Accounting was never my strength. I could never balance assets and liabilities, and didn't understand where goodwill came and went. Where does NET net worth come from and where does it go? I get that if I find a $100 bill or I work and...
by delamer
Fri Sep 15, 2017 1:16 pm
Forum: Investing - Help with Personal Investments
Topic: Late Retirement Help for 65 Year Old Parents
Replies: 8
Views: 1223

Re: Late Retirement Help for 65 Year Old Parents

A couple of questions; What are their expected expenses? This will be very rough but we don't know if they are in an low cost rural town or in an expensive city. Are the pensions adjusted for inflation? Do they rent, have a mortgage, or a paid off house? If they have a house how much home equity do...
by delamer
Fri Sep 15, 2017 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: Deceased Mother medical bill
Replies: 21
Views: 2176

Re: Deceased Mother medical bill

In another thread, the OP said:

"I received the paperwork today for my mother's CalSTRS retirement. Each beneficiary (3 total) after all is said and done, will receive approximately $20,000-$30,000 total."

Wouldn't the skilled nursing facility have a claim against this money as part of her estate?
by delamer
Fri Sep 15, 2017 11:06 am
Forum: Personal Finance (Not Investing)
Topic: Deceased Mother medical bill
Replies: 21
Views: 2176

Re: Deceased Mother medical bill

You might find this link from legalzoom helpful. http://info.legalzoom.com/california-debt-collection-laws-deceased-persons-26035.html Sorry for your loss. Bedsores are a sign of some neglect, at the very least. Broken Man 1999 ETA: Creditor Claims (from above link) If a creditor seeks to collect a...
by delamer
Fri Sep 15, 2017 10:44 am
Forum: Personal Finance (Not Investing)
Topic: Help with savings
Replies: 8
Views: 792

Re: Help with savings

Be sure that the $2,000/month for school is really a high priority for you. Obviously, you need some kind of care for your 3-year old while you work. It is less clear what your options are regarding your 6-year old. To state the obvious, the school costs are a trade-off for other things you could be...
by delamer
Thu Sep 14, 2017 10:11 pm
Forum: Personal Finance (Not Investing)
Topic: Help with savings
Replies: 8
Views: 792

Re: Help with savings

You are saving money and have a surplus after your basic bills are paid, so you are doing better than most in terms of budgeting. So the question really is whether your budget in line with your goals, not your income. $30,000 per year is a lot for vacations/gifts/home maintenance. Unless you both wi...
by delamer
Thu Sep 14, 2017 9:48 pm
Forum: Personal Finance (Not Investing)
Topic: Questions about home purchase in a 55+ community?
Replies: 26
Views: 2185

Re: Questions about home purchase in a 55+ community?

Van-Guard 23, One thing to consider in making such a large investment is in the event you decide this is not the right place for you, all of the concerns you voice now as a buyer will become your obstacles once you are a seller. In addition, a 55+ community restricts your pool of potential buyers a...
by delamer
Thu Sep 14, 2017 9:43 pm
Forum: Personal Finance (Not Investing)
Topic: Advice Badly Needed---Meeting with Financial Advisor
Replies: 49
Views: 3454

Re: Advice Badly Needed---Meeting with Financial Advisor

In regards to your finance-related questions, do you get a match from your employer for the 403(b) and will you be getting a traditional pension? If you get a match, then you want to be sure you contribute enough to receive it. If you are going to receive a pension and can contribute enough to recei...
by delamer
Thu Sep 14, 2017 6:06 pm
Forum: Personal Finance (Not Investing)
Topic: Questions about home purchase in a 55+ community?
Replies: 26
Views: 2185

Re: Questions about home purchase in a 55+ community?

We have family who are in a gated community that initially had a golf membership and much-less-expensive social membership (both in terms of buy-in and monthly fee), one or the other membership required of property owners. The social includes all facilities (tennis, pool, clubhouse) except golf. Now...
by delamer
Thu Sep 14, 2017 2:30 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Mother's Portfolio
Replies: 18
Views: 1338

Re: Help with Mother's Portfolio

Suewolf, I may be missing something but something doesn't sound right about a $10,000 RMD on an 85 year olds's 500k tax deferred portfolio. S It's true. The RMD is from her Vanguard accounts (short term invest grade inv, primecap admiral, inflation protected sec, total int'l stock and prime money m...
by delamer
Tue Sep 12, 2017 5:40 pm
Forum: Investing - Help with Personal Investments
Topic: Advice for 75 year old
Replies: 4
Views: 890

Re: Advice for 75 year old

How do the pensions and Social Security payments change for the survivor when the first of you dies? Does the survivor intend to remain in the house? I am leading up to the possibility of using some or part of the $800,000 to pay down the mortgage and refinancing to a lower payment. Additionally, wh...
by delamer
Tue Sep 12, 2017 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: Assets tangled with in laws, how to minimize future liabilities
Replies: 26
Views: 1324

Re: Assets tangled with in laws, how to minimize future liabilities

We planned to use the equity for our in laws as the worst case scenario but the timing of request really concerns me about my inlaws' characters. They live rent free anyway and cannot monetize the property even if they own it. I am pretty hands off to let my husband to deal with his family but conc...
by delamer
Tue Sep 12, 2017 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: Using investment funds for Home purchase
Replies: 13
Views: 1078

Re: Using investment funds for Home purchase

TSP loans are capped at $50,000 or 50% of the balance, whichever is less.
by delamer
Tue Sep 12, 2017 1:29 pm
Forum: Investing - Help with Personal Investments
Topic: Pseudo-bridge financing
Replies: 10
Views: 782

Re: Pseudo-bridge financing

HELOC, which will be paid off when you sell the house.
by delamer
Tue Sep 12, 2017 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: Assets tangled with in laws, how to minimize future liabilities
Replies: 26
Views: 1324

Re: Assets tangled with in laws, how to minimize future liabilities

It isn't clear what "future liabilities" you are concerned about. Do you mean that you might have to support your in-laws later even if you transfer the property to them? But that could happen regardless of what you do with the property. I don't see any legal liability if you transfer the property,...
by delamer
Tue Sep 12, 2017 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: Tax deduction for my elderly mother's geriatric care expenses?
Replies: 3
Views: 573

Re: Tax deduction for my elderly mother's geriatric care expenses?

If this can be considered long term care, it should be deductible, subject to the IRS limitations on medical deductions, but I think she must be able to be claimed as your dependent in order to deduct it from your taxes. My mom's CPA deducted her LTC expenses from HER taxes, since I was paying it o...
by delamer
Tue Sep 12, 2017 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: Brother in College Co-Signing w/ Buddy for Duplex
Replies: 41
Views: 2739

Re: Brother in College Co-Signing w/ Buddy for Duplex

Here is an alternative for someone his age:

http://www.etf.com/docs/IfYouCan.pdf

Sometimes steering people in another direction is the best option.
by delamer
Tue Sep 12, 2017 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Assets tangled with in laws, how to minimize future liabilities
Replies: 26
Views: 1324

Re: Assets tangled with in laws, how to minimize future liabilities

It isn't clear what "future liabilities" you are concerned about. Do you mean that you might have to support your in-laws later even if you transfer the property to them? But that could happen regardless of what you do with the property. I don't see any legal liability if you transfer the property, ...
by delamer
Tue Sep 12, 2017 10:27 am
Forum: Personal Finance (Not Investing)
Topic: Relocate for Early Retirement?
Replies: 41
Views: 3458

Re: Relocate for Early Retirement?

This is a big issue for us right now. As I guess is true for most people, no one place that we are considering meets all of our criteria. We are fortunate to have the financial option of owning homes in two locations if we decide that is the best way to go. But that set up has its own concerns. Our ...
by delamer
Mon Sep 11, 2017 4:24 pm
Forum: Investing - Theory, News & General
Topic: Morningstar: "Passive Investing Isn't Passive Ownership."
Replies: 3
Views: 850

Re: Morningstar: "Passive Investing Isn't Passive Ownership."

Warren Buffett said "our favorite holding period is forever." But no one ever accused him of being a passive owner.

The criticism of passive investing is unfounded. Good to see Morningstar calling attention to this.
by delamer
Mon Sep 11, 2017 4:10 pm
Forum: Investing - Theory, News & General
Topic: China to ban petrol cars
Replies: 64
Views: 4121

Re: China to ban petrol cars

Note that the United Kingdom and France already had decided to ban vehicles running on gasoline at a future date certain. It will be interesting to see how the process of converting goes, in terms of the oil production industry, gas station availability, etc.
by delamer
Mon Sep 11, 2017 4:00 pm
Forum: Investing - Help with Personal Investments
Topic: need help calibrating Mom's retirement portfolio in 2017
Replies: 4
Views: 394

Re: need help calibrating Mom's retirement portfolio in 2017

Agreed that your mother's asset allocation is too aggressive, and moving to something around 60/40 is appropriate. However, your post doesn't make it clear if your mother's assets are in tax-advantaged accounts or taxable accounts, or some combination. It is simple enough to move assets in tax-advan...
by delamer
Mon Sep 11, 2017 11:08 am
Forum: Personal Consumer Issues
Topic: 24 care home care for family member
Replies: 23
Views: 2135

Re: 24 care home care for family member

Several general points: It isn't realistic to think you'll find one person to care for your elder who need someone with them 24/7. People have lives to lead. For agencies, hourly rates decline if you need more than a limited number of hours per day. Most elders are going to be safer in an assisted l...
by delamer
Sun Sep 10, 2017 7:25 pm
Forum: Investing - Help with Personal Investments
Topic: Advice for 25 Year old
Replies: 6
Views: 993

Re: Advice for 25 Year old

Pass this 16-pager by Bill Bernstein onto him too. It is geared toward people just starting out.

http://www.etf.com/docs/IfYouCan.pdf
by delamer
Sun Sep 10, 2017 9:59 am
Forum: Investing - Help with Personal Investments
Topic: Help with Mother's Portfolio
Replies: 18
Views: 1338

Re: Help with Mother's Portfolio

It may be that a portion of her fees will be deductible as a medical expense on her tax return. The facility should be able to give you details.
by delamer
Sat Sep 09, 2017 2:49 pm
Forum: Personal Consumer Issues
Topic: Luxury car: perception vs reality
Replies: 118
Views: 5935

Re: Luxury car: perception vs reality

"The median annual income of a luxury car owner in the United States, for example, is $99,364, while a Mercedes C-Class sedan, the carmaker's entry-level vehicle and its most popular model, starts at around $40,000" Sounds like the median buyer is doing fine. This is an interesting stat. The reason...
by delamer
Sat Sep 09, 2017 2:32 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Mother's Portfolio
Replies: 18
Views: 1338

Re: Help with Mother's Portfolio

Minty - yes there will be some capital gains with the sale of all the assets. But this will need to be done eventually anyway. I'm thinking Mom's tax bracket is lower than both my own and my sister's so better to pay it now than as an inheritance. If she holds the assets until she passes the cost b...