Search found 4600 matches

by john94549
Sun Apr 03, 2016 6:06 pm
Forum: Personal Finance (Not Investing)
Topic: Question about taxes when terminating a trust
Replies: 14
Views: 558

Re: Question about taxes when terminating a trust

I finally liquidated all the positions in the Trust. My CPA assures me I will receive a K-1 and will no doubt pay more in tax this year than most others. That said, I really and truly bailed, sold every stock.
by john94549
Sun Apr 03, 2016 5:42 pm
Forum: Personal Finance (Not Investing)
Topic: Need a new online bank for checking (Capital One 360, Ally?)
Replies: 22
Views: 1972

Re: Need a new online bank for checking (Capital One 360, Ally?)

Kosmo wrote:I was going to put in a plug for them also. I've been very happy.
Nice to hear others are happy as well.

Should one live in California, an absolutely, positively, great bank is First Republic. Insofar as brick and mortar banks go, it's hard to beat First Republic.
by john94549
Sun Apr 03, 2016 4:30 pm
Forum: Investing - Help with Personal Investments
Topic: is foreign investing really worth it
Replies: 90
Views: 6041

Re: is foreign investing really worth it

I did the "15%" international with a tilt to emerging, I drank the Kool-Aid. I get it. At some point in time, one merely has to accept the fact that international did not pan out. One merely needs to accept the fact that "international" ain't what it was. "Pan out" is, ...
by john94549
Sun Apr 03, 2016 4:11 pm
Forum: Investing - Help with Personal Investments
Topic: is foreign investing really worth it
Replies: 90
Views: 6041

Re: is foreign investing really worth it

Nedsaid, I bailed last week in my Trust Account, sold every last centavo. If it wasn't nailed down, it got sold. I have absolutely no faith in this market.

Riding into the sunset with a boat-load of cash, I am.
by john94549
Sun Apr 03, 2016 3:57 pm
Forum: Investing - Help with Personal Investments
Topic: is foreign investing really worth it
Replies: 90
Views: 6041

Re: is foreign investing really worth it

In my experience the best time to buy is when it feels really awful. Remember March 9, 2009, the bottom of the abyss. All heck was breaking loose, folks had lost everything, and you bought, just when everyone else was selling. Your wife is now convinced you are a financial genius. I never attempt t...
by john94549
Sun Apr 03, 2016 3:46 pm
Forum: Investing - Help with Personal Investments
Topic: is foreign investing really worth it
Replies: 90
Views: 6041

Re: is foreign investing really worth it

While the recent results for "international" have been lackluster, at best, I try to look at the bright side. Back many years ago, I committed to merely 15% of stock assets in international. With a tad of a tilt to emerging. One of these days, either I or my heirs, will appreciate. Investi...
by john94549
Sun Apr 03, 2016 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: Need a new online bank for checking (Capital One 360, Ally?)
Replies: 22
Views: 1972

Re: Need a new online bank for checking (Capital One 360, Ally?)

Check out Alliant Credit Union. I've been with them for quite some time. Interest on savings is competitive (1% or thereabouts), your first order of checks is free, no minimum balance, no "per check" charges, no gimmicks, as it were. Easy to join. And they actually offer monthly statements...
by john94549
Sun Apr 03, 2016 11:57 am
Forum: Personal Consumer Issues
Topic: Emergency Visit Bill
Replies: 28
Views: 3055

Re: Emergency Visit Bill

dm200, Walnut Creek (CA) is my Kaiser facility. A five minute drive, unless traffic is heavy down Pleasant Hill Road. The worst part is the parking structure. I always seem to get lost trying to exit*. But I try to look at the bright side; parking is free, and I'm retired, so I don't get charged ext...
by john94549
Sun Apr 03, 2016 3:42 am
Forum: Personal Consumer Issues
Topic: Emergency Visit Bill
Replies: 28
Views: 3055

Kaiser/Medicare here, so a visit to the doctor is $25. Seriously, wrapping my arms around the concept of incurring a bill of $1400 to take your kid to the ER is somewhat mind-boggling. My co-pay (drum-beat) is two-five, as in twenty five, dollars.
by john94549
Sun Apr 03, 2016 1:01 am
Forum: Investing - Help with Personal Investments
Topic: Real estate investing for retirement
Replies: 15
Views: 1700

Re: Real estate investing for retirement

FlamingoTime, you seem to have nailed it. You might want to check out Form 8582, however. Feel free to PM me.
by john94549
Sat Apr 02, 2016 10:56 pm
Forum: Investing - Help with Personal Investments
Topic: Real estate investing for retirement
Replies: 15
Views: 1700

Re: Real estate investing for retirement

OK where do I start? My wife and I bought our condo in Maui in 1990. It has zoomed both down and up in value. One thing which has remained constant, however, is that we have never, ever, paid a penny in tax on the gross rentals. Never. While the condo throws off a healthy positive cash flow, the dep...
by john94549
Sat Apr 02, 2016 9:21 pm
Forum: Investing - Help with Personal Investments
Topic: Money From Heaven: Pension Rollover Question & More
Replies: 12
Views: 1511

Re: Money From Heaven: Pension Rollover Question & More

Another vote here for a rollover into a garden-variety TIRA (think 60/40 VBIAX). PS: it's not "money from heaven". Money from heaven is when you get a letter from the Department of the Treasury and there's a check inside, as opposed to a notice of a pending audit. Back when I actually work...
by john94549
Sat Apr 02, 2016 6:55 pm
Forum: Investing - Help with Personal Investments
Topic: Dealer's Remorse at Schwab
Replies: 11
Views: 1987

Re: Dealer's Remorse at Schwab

I'd give it a pass. Schwab is basically reputable, and (all things considered) it's basically a hand-wash.
by john94549
Sat Apr 02, 2016 6:37 pm
Forum: Investing - Theory, News & General
Topic: Who needs Money Market accounts any more?
Replies: 55
Views: 6532

Re: Who needs Money Market accounts any more?

VMMXX is so last decade. Even we dinosaurs park our mad money at 1% plus. I moved my last centavo from VMMXX many years ago.
by john94549
Sat Apr 02, 2016 6:19 pm
Forum: Personal Finance (Not Investing)
Topic: SF Bay Area Housing: Listing agent underpricing
Replies: 58
Views: 4214

Re: SF Bay Area Housing: Listing agent underpricing

EddyB, your PM and my reply must have hit by now.

Best wishes,

John in Lafayette (94549, our ZIP code).
by john94549
Sat Apr 02, 2016 4:02 pm
Forum: Investing - Help with Personal Investments
Topic: Thoughts On Preserving An Inheritance
Replies: 22
Views: 1979

Re: Thoughts On Preserving An Inheritance

Aside from the fact I don't have a clue what "preserve" means, does anyone have a clue?
by john94549
Sat Apr 02, 2016 3:21 pm
Forum: Investing - Help with Personal Investments
Topic: Thoughts On Preserving An Inheritance
Replies: 22
Views: 1979

Re: Thoughts On Preserving An Inheritance

Tee hee. I preserved the family Trust by selling, one position after the other. Sell is somewhat unambiguous. Trust me, I now have the funds in the bank. Now, THAT's how to preserve an inheritance.
!
by john94549
Sat Apr 02, 2016 2:51 pm
Forum: Investing - Help with Personal Investments
Topic: Thoughts On Preserving An Inheritance
Replies: 22
Views: 1979

Re: Thoughts On Preserving An Inheritance

Divide by two and we're right up there.

As a successor trustee, might I make a humble suggestion. Sell. The best way to preserve an inheritance is to sell.
by john94549
Sat Apr 02, 2016 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: SF Bay Area Housing: Listing agent underpricing
Replies: 58
Views: 4214

Re: SF Bay Area Housing: Listing agent underpricing

EddyB, my hypothetical assumes a willing seller, a willing buyer, a written listing price, and an offer (in writing) with no contingencies. Why do we not have a deal?
by john94549
Sat Apr 02, 2016 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: SF Bay Area Housing: Listing agent underpricing
Replies: 58
Views: 4214

Re: SF Bay Area Housing: Listing agent underpricing

An offer can actually capture all the elements of an acceptance, as it were. Should I offer to sell you three widgets at a dollar per widget, and you proffer three bucks, why do we not have a deal? Statutes of Frauds aside, explain to me in plain English why we don't have a deal. I cannot understand...
by john94549
Sat Apr 02, 2016 1:10 pm
Forum: Investing - Theory, News & General
Topic: William Bernstein likes factor tilts?
Replies: 10
Views: 1589

Re: William Bernstein likes factor tilts?

The best ever quoted from Dr. Bernstein was "when you've won the game, stop playing". Thank you, Dr. Bill. Many Bogleheads have gotten less poor following your advice.
by john94549
Sat Apr 02, 2016 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: SF Bay Area Housing: Listing agent underpricing
Replies: 58
Views: 4214

Re: SF Bay Area Housing: Listing agent underpricing

OK, I just took a nap. I woke up. Did basic contract law change?

Mind you, as I am retired, I can adjust to changing things. That said, "pacta sunt servanda."
by john94549
Sat Apr 02, 2016 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: SF Bay Area Housing: Listing agent underpricing
Replies: 58
Views: 4214

Re: SF Bay Area Housing: Listing agent underpricing

You realtors need some serious fact-checking. Point one: if you offer a property at price A, and it's accepted at said price, in writing, you have (as they said in Stanford Law school) a "deal". Even the Menlo-Atherton listing agreements are clear on this. I had to chuckle. Presumably, rea...
by john94549
Sat Apr 02, 2016 10:49 am
Forum: Personal Finance (Not Investing)
Topic: SF Bay Area Housing: Listing agent underpricing
Replies: 58
Views: 4214

Re: SF Bay Area Housing: Listing agent underpricing

I've always assumed that this underpricing is driven by real estate agents who want to sell as quickly as possible, while doing the least work. You know what happens when you Assume. I might disagree. It could also be driven by odd assumptions fueled by stranger people. But, then, I'm a retired law...
by john94549
Sat Apr 02, 2016 10:37 am
Forum: Personal Finance (Not Investing)
Topic: SF Bay Area Housing: Listing agent underpricing
Replies: 58
Views: 4214

Re: SF Bay Area Housing: Listing agent underpricing

EddyB, last I checked, You (and you alone) sign a listing agreement. It's your offer, not your realtor's. The realtor does not own the property and has no right to sell it. The realtor also has no right to claim an "asking price".
by john94549
Sat Apr 02, 2016 9:42 am
Forum: Personal Finance (Not Investing)
Topic: SF Bay Area Housing: Listing agent underpricing
Replies: 58
Views: 4214

Re: SF Bay Area Housing: Listing agent underpricing

Boglesmind, OK, I'm retired. Maybe contract law has changed since 2009 (when I retired). However, last I checked, a "written" listing agreement accepted by a "written" offer passed the Statute of Frauds smell test. The "Judge Judy" in me thinks just two words: "spe...
by john94549
Sat Apr 02, 2016 3:26 am
Forum: Investing - Help with Personal Investments
Topic: pulling the trigger
Replies: 28
Views: 3115

Re: pulling the trigger

In my Trust, I just sold. Frankly, were it I, I'd sell everything and buy CDs.
by john94549
Fri Apr 01, 2016 8:33 pm
Forum: Investing - Help with Personal Investments
Topic: Why I'm Bailing from my Bond Fund
Replies: 25
Views: 3451

Re: Why I'm Bailing from my Bond Fund

Lady Geek, I have "new information" as it were. My sale actually cleared today. I am no longer an owner of said bond fund. I am so happy. It's right up there with the joke about boat owners. As in, the best day is when you buy the boat. The next best day is when you sell it. The best day t...
by john94549
Fri Apr 01, 2016 4:36 pm
Forum: Investing - Help with Personal Investments
Topic: Why I'm Bailing from my Bond Fund
Replies: 25
Views: 3451

Re: Bailed

At some point in time, I had to pull the trigger. I just finally "did it".
by john94549
Fri Apr 01, 2016 3:43 pm
Forum: Investing - Help with Personal Investments
Topic: Why I'm Bailing from my Bond Fund
Replies: 25
Views: 3451

Bailed

[Thread merged into here, see below. --admin LadyGeek]

Yes, friends and neighbors, I finally sold the last position in the family trust. Paying off the mortgage and keeping the balance to pay taxes.
by john94549
Fri Apr 01, 2016 12:34 pm
Forum: Investing - Help with Personal Investments
Topic: Why I'm Bailing from my Bond Fund
Replies: 25
Views: 3451

Re: pulling the trigger

[Post merged into here, see below. --admin LadyGeek] I pulled the trigger this morning on the last asset in our family trust. It seems like this is the week to pull triggers. OMG, the boomers are selling! Head for the hills! Seriously, I sold SWK, NWL, EALCX, and (this morning) FUSGX. A selling fre...
by john94549
Fri Apr 01, 2016 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: SF Bay Area Housing: Listing agent underpricing
Replies: 58
Views: 4214

Re: SF Bay Area Housing: Listing agent underpricing

Roymeo, I attempted to take all the contingencies "off the table", as it were, in my hypothetical. I'm still having a hard time understanding why a full cash offer, with no contingencies, with both the listing and the acceptance in writing, is but a "slam-dunk". Might I say, I so...
by john94549
Fri Apr 01, 2016 10:22 am
Forum: Investing - Help with Personal Investments
Topic: Why I'm Bailing from my Bond Fund
Replies: 25
Views: 3451

Re: pulling the trigger

[Post merged into here, see below. --admin LadyGeek]

POW! Just pulled the trigger this morning on the last Trust asset. One less position to worry about.

As I reach the RMD stage of life, I find it ever easier to push the "sell" button.
by john94549
Fri Apr 01, 2016 9:41 am
Forum: Personal Finance (Not Investing)
Topic: SF Bay Area Housing: Listing agent underpricing
Replies: 58
Views: 4214

Re: SF Bay Area Housing: Listing agent underpricing

Adamthesmythe, I did specify a "written" listing agreement, did not I? Even after all these years, I have a passing knowledge of the Statute of Frauds. Granted, one cannot stand on a street corner and shout out "my home's for sale, make an offer" and wait for the first person to ...
by john94549
Fri Apr 01, 2016 5:24 am
Forum: Personal Finance (Not Investing)
Topic: Which Engineering Discipline for the next 20+ years !!!
Replies: 122
Views: 7701

Re: Which Engineering Discipline for the next 20+ years !!!

Retired attorney here, who used to represent engineers and architects. Based on my limited experience, structural engineers make the most money, but civil engineers have the best job security. Think about it (but not too long). Civil engineers do dams (all of which are either old or failing), roads ...
by john94549
Fri Apr 01, 2016 4:51 am
Forum: Investing - Help with Personal Investments
Topic: pulling the trigger
Replies: 28
Views: 3115

Re: pulling the trigger

Dale, were I to have sold this fund, "flummoxed" would be a good word to have described my attempt to calculate my LTCG. Mind you, I always attempt to pay my fair share of taxes. Whether covered or uncovered, I calculate my LTCG and pay appropriately. However, there is a point in time wher...
by john94549
Fri Apr 01, 2016 3:29 am
Forum: Personal Finance (Not Investing)
Topic: SF Bay Area Housing: Listing agent underpricing
Replies: 58
Views: 4214

Re: SF Bay Area Housing: Listing agent underpricing

Back many years ago, when I was in Law School, I took a course. I think it was called "Contracts". Two basic concepts: "offer" and "acceptance". If you can establish both, "pow" you have a contract. Statutes of frauds aside, you don't even need something in wr...
by john94549
Thu Mar 31, 2016 10:23 pm
Forum: Personal Finance (Not Investing)
Topic: SF Bay Area Housing: Listing agent underpricing
Replies: 58
Views: 4214

Re: SF Bay Area Housing: Listing agent underpricing

puma, I'm merely suggesting my angst. A person who "lists" a house at a certain price, said price accepted with no contingencies, should be sold to the person offering said price.
by john94549
Thu Mar 31, 2016 10:15 pm
Forum: Personal Finance (Not Investing)
Topic: SF Bay Area Housing: Listing agent underpricing
Replies: 58
Views: 4214

Re: SF Bay Area Housing: Listing agent underpricing

Watty, the Bay Area housing market is so in a bubble. Seriously, a one bedroom one bath in San Francisco is $3500/mo plus. A three BR/2BA which would sell in Oklahoma City for $200,000, add a zero. $2 million hereabouts. It's nuts. Folks don't recognize a bubble until it bursts. Well, folks in the B...
by john94549
Thu Mar 31, 2016 9:19 pm
Forum: Personal Finance (Not Investing)
Topic: Please explain "pocket-change prepayments" on a mortgage
Replies: 47
Views: 4537

Re: Please explain "pocket-change prepayments" on a mortgage

Unless you can "re-cast", your mortgage payment will continue. True, the interest portion will decrease and the principal increase, but the monthly payment will remain the same. We ran this by our lender, and got "nice try, no cigar". I don't understand this comment. If you pay ...
by john94549
Thu Mar 31, 2016 8:50 pm
Forum: Personal Finance (Not Investing)
Topic: SF Bay Area Housing: Listing agent underpricing
Replies: 58
Views: 4214

Re: SF Bay Area Housing: Listing agent underpricing

In many areas of the bay area housing market, the house prices are at all time high. This late spring, I am going to take this opportunity to exit the bay area, selling my primary residence and a rental to move to another state. Prices could continue to go higher next year but I think I have enough...
by john94549
Thu Mar 31, 2016 8:35 pm
Forum: Personal Finance (Not Investing)
Topic: SF Bay Area Housing: Listing agent underpricing
Replies: 58
Views: 4214

Re: SF Bay Area Housing: Listing agent underpricing

Stan1, I can attest to the fact that selling an abode in a flyover state (Kansas in my case) is much more rational. A couple of months after my Mom died, I listed her house (open offer). Three bids the following week, best all cash offer accepted, closed in less than a month.
by john94549
Thu Mar 31, 2016 8:26 pm
Forum: Personal Finance (Not Investing)
Topic: SF Bay Area Housing: Listing agent underpricing
Replies: 58
Views: 4214

Re: SF Bay Area Housing: Listing agent underpricing

I'd love to know also. I hate it when I represent an all cash offer at full listing price and walk away empty handed. :oops: Mind you, I can appreciate the difference between an offer with even a modest contingency (which is merely a counter, under contract law) and a blanket acceptance. The latter...
by john94549
Thu Mar 31, 2016 8:10 pm
Forum: Personal Finance (Not Investing)
Topic: SF Bay Area Housing: Listing agent underpricing
Replies: 58
Views: 4214

Re: SF Bay Area Housing: Listing agent underpricing

As noted, listing prices are usually just the "open" offer these days in the Bay Area. Back when I was in Law School, they tended to maintain that when you "offered" something or other at "X", and it was accepted, you had a deal. In Bay Area real estate, all bets (and n...
by john94549
Thu Mar 31, 2016 5:58 pm
Forum: Personal Finance (Not Investing)
Topic: Please explain "pocket-change prepayments" on a mortgage
Replies: 47
Views: 4537

Re: Please explain "pocket-change prepayments" on a mortgage

Unless you can "re-cast", your mortgage payment will continue. True, the interest portion will decrease and the principal increase, but the monthly payment will remain the same. We ran this by our lender, and got "nice try, no cigar".
by john94549
Thu Mar 31, 2016 5:51 pm
Forum: Personal Consumer Issues
Topic: my medicare drug plan charged me $ 370 per month
Replies: 26
Views: 2730

Re: my medicare drug plan charged me $ 370 per month

Totally weird. I pay a few bucks to Kaiser for my meds.
by john94549
Thu Mar 31, 2016 5:31 pm
Forum: Personal Consumer Issues
Topic: do you do airbnb ??
Replies: 64
Views: 4760

Re: do you do airbnb ??

Personally, I would not touch Air with any vacation involving air travel. Think about it. You spend a gazillion dollars getting there, only to find out the place is a wreck. I mean, seriously, you spend well into the five figures for plane tickets for you and the kids. Then, there's the car rental. ...
by john94549
Thu Mar 31, 2016 4:38 pm
Forum: Investing - Help with Personal Investments
Topic: i need dental insurance company
Replies: 7
Views: 554

Re: i need dental insurance company

As a retired person, I just budget dental as I would other expenses.
by john94549
Thu Mar 31, 2016 4:07 pm
Forum: Investing - Help with Personal Investments
Topic: pulling the trigger
Replies: 28
Views: 3115

Re: pulling the trigger

John, this is not tax loss harvesting. It is selling both winning and losing stocks and investing the proceeds in a broad market fund. No capital gains tax will be due if the losses are equal to or greater than the gains. It is a very simple procedure. No deep thought is required. Dale Dale, have y...
by john94549
Thu Mar 31, 2016 3:41 pm
Forum: Investing - Help with Personal Investments
Topic: i need dental insurance company
Replies: 7
Views: 554

Re: i need dental insurance company

By-and-large, dental insurance is just a joke waiting for a laugh. You basically pay (up front) for the maximum coverage for a year, divided by 12. My wife and I had (and have) dental insurance for these many years, and it always was a wash. Bottom line: one crown, a couple of fillings, and "po...

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