Search found 446 matches

by lhl12
Fri Apr 29, 2016 4:10 pm
Forum: Investing - Theory, News & General
Topic: The 1 website you'd recommend
Replies: 13
Views: 1888

Re: The 1 website you'd recommend

For general news and information on the economy, finance, and global matters, I think all of the following are excellent: http://www.economist.com -- the website for "The Economist" magazine. http://www.wsj.com -- the Wall Street Journal http://www.ft.com -- the Financial Times http://www....
by lhl12
Tue Apr 26, 2016 11:37 am
Forum: Personal Finance (Not Investing)
Topic: Advice for new trustee, distributions
Replies: 32
Views: 1318

Re: Advice for new trustee, distributions

Is the trust allowed to buy an annuity with some of the assets? .... See this case in Minnesota on this: https://mn.gov/law-library-stat/archive/ctapun/2014/opa132295-120814.pdf. Very interesting. Thank you. Seems the answer is yes, but that does not mean you can't be sued, and even if the trustee ...
by lhl12
Tue Apr 26, 2016 3:42 am
Forum: Personal Finance (Not Investing)
Topic: Advice for new trustee, distributions
Replies: 32
Views: 1318

Re: Advice for new trustee, distributions

Rodc, That is an interesting idea. Could not run out of cash, income definitely not available until the annuity pays it out, predictable cash flow. I would need to figure out how much a home might cost and compare to what it would cost to get an annuity that pays the same amount. Thanks Let's assum...
by lhl12
Tue Apr 26, 2016 3:21 am
Forum: Personal Finance (Not Investing)
Topic: Advice for new trustee, distributions
Replies: 32
Views: 1318

Re: Advice for new trustee, distributions

A few questions: 1) how old are you, 2) who replaces you as trustee if you die before he does or if you resign, and 3) what happens to the trust corpus upon his death if he dies childless?
by lhl12
Mon Apr 25, 2016 7:35 am
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation and Profit Sharing
Replies: 4
Views: 280

Re: Asset Allocation and Profit Sharing

Hello everyone long time listener, first time caller. I work for a private company that would be considered large cap. In addition to my 401k they also have a profit sharing plan where each year they deposit 8.5% of my gross pay into a retirement plan. The only problem is it is deposited as company...
by lhl12
Thu Apr 21, 2016 5:31 am
Forum: Investing - Help with Personal Investments
Topic: How to think about cash balance plan?
Replies: 1
Views: 240

Re: How to think about cash balance plan?

Having considered the same question, my own view is that CBP's should be included in one's AA as part of the fixed income allocation. If interest rates rise above 4% and your plan's return is capped at 4% then perhaps you will need to discount its value slightly, but it still will perform like a fix...
by lhl12
Wed Apr 20, 2016 7:59 am
Forum: Personal Finance (Not Investing)
Topic: Updating to "New" Vanguard Accounts
Replies: 9
Views: 1315

Re: Updating to "New" Vanguard Accounts

Ditto - I would like to upgrade, but haven't been invited. Is there some way to force the upgrade myself?
by lhl12
Wed Apr 13, 2016 7:24 am
Forum: Personal Finance (Not Investing)
Topic: Inherited Real Estate, Three Beneficiaries, and Plots
Replies: 11
Views: 1002

Re: Inherited Real Estate, Three Beneficiaries, and Plots

It might be possible to negotiate a lower commission than 6%, especially if the listing broker ends up getting both sides of the transaction. The lower the commission, the weaker brother's proposal becomes (not that it was strong to begin with). Regardless, what the brother is proposing is a disaste...
by lhl12
Sun Apr 10, 2016 11:26 pm
Forum: Personal Finance (Not Investing)
Topic: One Home in Tax Free State. Second Home in Taxed State??
Replies: 12
Views: 1300

Re: One Home in Tax Free State. Second Home in Taxed State??

If you never lived in the US (say you were born in Canada to US citizens and lived there your whole life before commencing work) I don't know what would happen. You would still need to pay taxes. IRS recently extorted taxes from the mayor of London, Boris Johnson. He migrated to US at age of five (...
by lhl12
Sun Apr 10, 2016 7:42 pm
Forum: Personal Finance (Not Investing)
Topic: One Home in Tax Free State. Second Home in Taxed State??
Replies: 12
Views: 1300

Re: One Home in Tax Free State. Second Home in Taxed State??

I wonder if it is possible to actually have no state taxable income in the US if you spend six months in Canada and spend the rest of the year travelling in the US or internationally. Further, you don't vote and don't own any real estate (other than the possible home in Canada)? The premise is that...
by lhl12
Sun Apr 10, 2016 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: One Home in Tax Free State. Second Home in Taxed State??
Replies: 12
Views: 1300

Re: One Home in Tax Free State. Second Home in Taxed State??

You should consult with an attorney who specializes in state and local taxation in the state which has an income tax (in your case, California) to advise you, since the case law varies state by state. Having said that, in most cases I believe that if you can demonstrate that your state of residency ...
by lhl12
Sat Apr 02, 2016 9:10 am
Forum: Investing - Theory, News & General
Topic: Who needs Money Market accounts any more?
Replies: 55
Views: 6021

Re: Who needs Money Market accounts any more?

SAB wrote:
Leeraar wrote:
SAB wrote:Me.

I get 6.8% in my Money Market rather than 0% in my chequing account...

Where is that MM account?

I am going to bet it's not in the USA.

L.


Good bet


Is it US dollar denominated?
by lhl12
Fri Apr 01, 2016 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: Big spenders, anybody successfully downsized?
Replies: 30
Views: 4087

Re: Big spenders, anybody successfully downsized?

We bought our house fairly cheap (relative to our incomes) and spent a lot over the last few years in renovating, which has been completed now. A portion of that expense is included in the 20k mentioned earlier. The cost of the renovation shouldn't be included in your historical budget numbers. Pre...
by lhl12
Fri Apr 01, 2016 10:36 am
Forum: Investing - Help with Personal Investments
Topic: Poor 401K or Roth IRA?
Replies: 7
Views: 471

Poor 401K or Roth IRA?

A friend works for a small company that has a 401k that he just became eligible for after one year at the company. The 401k has no match and the administrator is John Hancock. They offer a JH S&P 500 Index fund and a JH Total Stock Market Index Fund, each with an ER of about 1.15% (which basical...
by lhl12
Thu Mar 31, 2016 6:58 am
Forum: Investing - Help with Personal Investments
Topic: New member seeking investment advice with my current situation
Replies: 10
Views: 1110

Re: New member seeking investment advice with my current situation

Not everyone will agree, but since the rate on the auto loan is almost identical to that on the mortgage, I would allocate all my excess principal payments to the auto loan with the goal of eliminating it entirely as soon as possible. At that point I would then shift all the excess principal payment...
by lhl12
Mon Mar 28, 2016 10:49 pm
Forum: Personal Consumer Issues
Topic: DO I need a landscape architect?
Replies: 13
Views: 1510

Re: DO I need a landscape architect?

And if you know of a reputable architect in around Charlottesville, Va, please recommend. Try going to the website for the American Society of Landscape Architects (http://www.asla.org). They have a "firm finder" database that lets you enter your location and gives you a list of local fir...
by lhl12
Mon Mar 28, 2016 10:47 pm
Forum: Personal Consumer Issues
Topic: DO I need a landscape architect?
Replies: 13
Views: 1510

Re: DO I need a landscape architect?

I am a big fan of separating design from build. I think you get a higher quality result that way, since someone who really knows what they're doing is supervising and administering the work that is being done. So, I would say "yes" to a landscape architect. I have used them multiple times ...
by lhl12
Mon Mar 28, 2016 6:33 am
Forum: Personal Finance (Not Investing)
Topic: Term Insurance Questions
Replies: 6
Views: 520

Re: Term Insurance Questions

I ran your numbers in the calculator here - http://www.terminsurancebrokers.com/instant-quote/life-insurance-quote A 10-year level term policy for a healthy male born in 1960 (roughly equivalent to the one you have now, since it has about 10 years left) runs around $1200/yr. So that price is about ...
by lhl12
Thu Mar 24, 2016 9:35 am
Forum: Personal Finance (Not Investing)
Topic: Safe Withdrawal Rate at different retirement ages?
Replies: 10
Views: 1679

Safe Withdrawal Rate at different retirement ages?

Let's say that I decide that I can retire comfortably at age 65 if I have $2,000,000 in investable assets assuming a SWR of 4% (i.e. $80,000/year in the first year). Now let's say that I hit the $2,000,000 figure at age 55. Am I equally "safe" to retire at that age? Or do I need more than ...
by lhl12
Mon Mar 21, 2016 9:43 am
Forum: Personal Finance (Not Investing)
Topic: Academic Prize and 1099-MISC
Replies: 15
Views: 1215

Re: Academic Prize and 1099-MISC

In my case it was a payment from a neighbor (owned by a development company) for a real-estate matter related to my house that I thought (and that my accountant confirmed after researching) should be treated as a reduction in the basis of my house, not ordinary income. I tried to convince the develo...
by lhl12
Mon Mar 21, 2016 9:23 am
Forum: Personal Finance (Not Investing)
Topic: Academic Prize and 1099-MISC
Replies: 15
Views: 1215

Re: Academic Prize and 1099-MISC

In a similar situation (i.e. a 1099-MISC that my accountant and I both thought should be non-taxable) my accountant recommended reporting the 1099 in the amount issued on my return then also reporting a separate offsetting "phantom" 1099 in an equivalent negative amount, with a footnote or...
by lhl12
Mon Mar 21, 2016 9:07 am
Forum: Personal Finance (Not Investing)
Topic: Will you review my closing costs? PS How do you shop for title insurance?
Replies: 20
Views: 1775

Re: Will you review my closing costs? PS How do you shop for title insurance?

I just looked up TitleForward and their model online. It is interesting what they are trying to. It appears that they have an exclusive arrangement with First American, one of the large insurance companies. It may be that if TitleForward is able to drive enough volume to First American they will be ...
by lhl12
Mon Mar 21, 2016 8:28 am
Forum: Personal Finance (Not Investing)
Topic: Will you review my closing costs? PS How do you shop for title insurance?
Replies: 20
Views: 1775

Re: Will you review my closing costs? PS How do you shop for title insurance?

I'm not familiar with http://www.titleforward.com. It is great that they are willing to cover the various "junk" fees, but in my experience you can do even better than that - sometimes thousands of dollars better. Because they are a large, branded company, I suspect they will be less negot...
by lhl12
Mon Mar 21, 2016 8:18 am
Forum: Personal Finance (Not Investing)
Topic: Will you review my closing costs? PS How do you shop for title insurance?
Replies: 20
Views: 1775

Re: Will you review my closing costs? PS How do you shop for title insurance?

The title insurance premiums themselves are very heavily regulated by the states and impossible to negotiate, in my experience. However, a large portion of the title insurance premium is paid to the escrow agent as a commission - around 50% in most states, I believe. What I have found possible to ne...
by lhl12
Sat Mar 19, 2016 8:19 am
Forum: Personal Finance (Not Investing)
Topic: How Life Insurance Loans Really Work And Why It’s Problematic To “Bank On Yourself” by Michael Kitces
Replies: 37
Views: 3346

Re: How Life Insurance Loans Really Work And Why It’s Problematic To “Bank On Yourself” by Michael Kitces

2) You make sure the policy is non-direct recognition. That way, the policy's cash value continues to grow at the same rate despite the fact that you have borrowed money out of it (technically from the insurance company with the cash value as collateral.) While non-direct recognition policies may p...
by lhl12
Sat Feb 13, 2016 11:22 am
Forum: Personal Consumer Issues
Topic: Charities for Bogleheads?
Replies: 50
Views: 3101

Re: Charities for Bogleheads?

I don't know any of the specifics of the OP's story, but it is easily possible to construct a scenario in which nothing nefarious was going on. Perhaps the ED had taken pay cuts or foregone compensation in prior years to keep the organization afloat. Perhaps the ED did a fantastic job that year (apa...
by lhl12
Wed Feb 10, 2016 9:33 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation at 93
Replies: 2
Views: 412

Re: Asset Allocation at 93

It looks like PRWCX is 60% common stocks, and the remainder fixed income and cash. So, her effective current asset allocation is 17% common stocks and 83% fixed income and cash. If she is currently living comfortably on just social security, then she could theoretically afford to take more risk with...
by lhl12
Tue Feb 09, 2016 5:25 am
Forum: Personal Consumer Issues
Topic: Setting up Internet for a newly constructed house
Replies: 18
Views: 1544

Re: Setting up Internet for a newly constructed house

I'll go beyond what others have suggested. You are not going to have the walls open again, so do what you need to now. I'd run a minimum of 2, prefer 4 CAT-6 home runs to every room from a easily accessible wiring closet. You (or whoever you sell the house to) could later use this for video, audio,...
by lhl12
Sun Feb 07, 2016 2:53 pm
Forum: Personal Finance (Not Investing)
Topic: Best 529 for Massachusetts resident?
Replies: 13
Views: 672

Re: Best 529 for Massachusetts resident?

My sister has a Utah plan (with all Vanguard funds), which she thought was the best available at the time she did the research.
by lhl12
Sun Feb 07, 2016 7:47 am
Forum: Personal Finance (Not Investing)
Topic: Please share examples where earning an extra $1 can cost more in taxes than income.
Replies: 49
Views: 6042

Re: Please share examples where earning an extra $1 can cost more in taxes than income.

It's not income tax, but there is an egregious example of this in the Massachusetts estate tax, which is zero for all estates up to $1 million, then becomes 3.32% for an estate valued at $1,000,001. So, for one dollar of incremental value your estate owes $33,200 in tax.
by lhl12
Tue Feb 02, 2016 11:47 am
Forum: Personal Finance (Not Investing)
Topic: Charitable donations as a percentage of AGI?
Replies: 12
Views: 621

Re: Charitable donations as a percentage of AGI?

If your income is uneven, and if you might not always be in the highest bracket from year to year, then it would probably make more sense to make a larger donation to a Donor-Advised Fund in a big year, then make your charitable contributions out of that fund each year. If you will always be in the ...
by lhl12
Thu Jan 28, 2016 9:34 pm
Forum: Forum Issues and Administration
Topic: BOGLEHEADS.COM AND BOGLEHEADS.NET
Replies: 51
Views: 5294

Re: BOGLEHEADS.COM AND BOGLEHEADS.NET

Thank you, Serge, for this pro bono contribution to the Bogleheads!
by lhl12
Tue Jan 26, 2016 2:16 am
Forum: Personal Finance (Not Investing)
Topic: Timing of updates to SSA.GOV
Replies: 7
Views: 830

Re: Timing of updates to SSA.GOV

The two comments above imply that it would be no earlier than 4/15, which makes sense. Does anyone have a good sense of how much later than that date that data typically get updated?
by lhl12
Mon Jan 25, 2016 6:54 pm
Forum: Investing - Theory, News & General
Topic: What is your favorite Financial Quote or Metaphor??
Replies: 179
Views: 10361

Re: What is your favorite Financial Quote or Metaphor??

"Those people who were really smart and shrewd lost a lot of money. The people who weren't really smart and shrewd got wiped out."

- Former Treasury Secretary Robert Rubin referring to the bear market of the early 1970's.
by lhl12
Mon Jan 25, 2016 6:52 pm
Forum: Investing - Theory, News & General
Topic: What is your favorite Financial Quote or Metaphor??
Replies: 179
Views: 10361

Re: What is your favorite Financial Quote or Metaphor??

"What difference does it make how much is laid away in a man's safe or in his barns, how many head of stock he grazes or how much capital he puts out at interest, if he is always after what is another's and only counts what he is yet to get, never what he has already? You ask what is the proper...
by lhl12
Mon Jan 25, 2016 6:52 pm
Forum: Investing - Theory, News & General
Topic: What is your favorite Financial Quote or Metaphor??
Replies: 179
Views: 10361

Re: What is your favorite Financial Quote or Metaphor??

"Interest never sleeps nor sickens nor dies; it never goes to the hospital; it works on Sundays and holidays; it never takes a vacation; it never visits nor travels; it takes no pleasure; it is never laid off work nor discharged from employment; it never works on reduced hours; it never has sho...
by lhl12
Mon Jan 25, 2016 6:49 pm
Forum: Investing - Theory, News & General
Topic: What is your favorite Financial Quote or Metaphor??
Replies: 179
Views: 10361

Re: What is your favorite Financial Quote or Metaphor??

"What you have inherited from your father, you must earn in order to possess." - Goethe
by lhl12
Mon Jan 25, 2016 6:39 pm
Forum: Investing - Theory, News & General
Topic: What is your favorite Financial Quote or Metaphor??
Replies: 179
Views: 10361

Re: What is your favorite Financial Quote or Metaphor??

"The best way to teach your kids about money is not to have any."
by lhl12
Mon Jan 25, 2016 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: Timing of updates to SSA.GOV
Replies: 7
Views: 830

Timing of updates to SSA.GOV

I just checked my earnings record on SSA.GOV and noticed that the data have not yet been added for 2015. Does anyone know when in a year the data for the prior year typically get added?
by lhl12
Sat Jan 23, 2016 9:40 am
Forum: Personal Finance (Not Investing)
Topic: Question for Bogleheads Real Estate Agents
Replies: 32
Views: 3100

Re: Question for Bogleheads Real Estate Agents

There is nothing wrong with negotiating a commission. Some Brokers will allow it and some won't. As a buyer and seller, I have always viewed real estate commissions as negotiable and have always tried to be aggressive in negotiating them. The lower the price point of the house in question, the hard...
by lhl12
Wed Jan 06, 2016 1:09 am
Forum: Personal Finance (Not Investing)
Topic: Best 2% Back VISA/MASTER Card
Replies: 51
Views: 4988

Re: Best 2% Back VISA/MASTER Card

I'm also using the Bank of america +$100K setup for the 2.625% back and it's working great. Another small bonus is that they double their reward if you book travel through their travel center, which had the same prices as Google flights when I used it (effectively giving you 5.25% cashback on fligh...
by lhl12
Tue Jan 05, 2016 10:24 pm
Forum: Investing - Help with Personal Investments
Topic: Charitable Foundation-Advisor
Replies: 4
Views: 229

Re: Charitable Foundation-Advisor

If you considering advisors, you ought to look at www.tiff.org

They are a not-for-profit set up explicitly to help smaller not-for-profits like yours.

They have many Vanguard-ish attributes (although there are some important differences).
by lhl12
Tue Jan 05, 2016 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: Best 2% Back VISA/MASTER Card
Replies: 51
Views: 4988

Re: Best 2% Back VISA/MASTER Card

What are the best 2% cash back cards to consider? I know about the one that links to a Merrill account and pays closer to 3%, but the hoops and hassles were not worth it to me. And do any of the 2% cards offer a sign up bonus? I did look at some of the credit card forums and couldn't get a clear ta...
by lhl12
Tue Jan 05, 2016 12:30 pm
Forum: Personal Consumer Issues
Topic: Waste of money? [High-end home theater]
Replies: 140
Views: 8167

Re: Waste of money?

my wife is a very frugal person so that wouldn't happen but i personally think its a waste of money Overall I'm a somewhat frugal person I never really buy anything or have any hobbies (all my hobbies are cheap anyways); Have a beater car! I did get the hint here and 14k is probably indeed WAY to m...
by lhl12
Tue Jan 05, 2016 7:10 am
Forum: Personal Finance (Not Investing)
Topic: [Fidelity drops AmEx, Bank of America credit cards]
Replies: 152
Views: 15791

Re: [Fidelity drops AmEx, Bank of America credit cards]

Has anyone seen what the foreign transaction fee will be for the new Fidelity Visa card (from Elan/USBank)? I believe it was 3% on the old one (from FIA/BofA).
by lhl12
Mon Jan 04, 2016 8:52 am
Forum: Investing - Help with Personal Investments
Topic: Wealthy couple needs advice to minimize taxes
Replies: 13
Views: 2789

Re: Wealthy couple needs advice to minimize taxes

I don't quite understand why your stated objective is just to "minimize taxes". Wouldn't you rather maximize your net worth over time, net of all taxes?
by lhl12
Sun Jan 03, 2016 11:14 am
Forum: Personal Finance (Not Investing)
Topic: Yet another topic about finances and marriage - premarital assets
Replies: 20
Views: 1115

Re: Yet another topic about finances and marriage - premarital assets

What state do you live in? The laws of different states can affect the answer, particularly if you live in a community property state.
by lhl12
Fri Jan 01, 2016 2:59 pm
Forum: Investing - Theory, News & General
Topic: University Endowment portfolios
Replies: 11
Views: 831

Re: University Endowment portfolios

I don't know of a single place that aggregates all of the larger university portfolios. However you can find a lot of information about each individual university endowment if you look online. Most large universities have a section of their websites dedicated to their endowments. Sometimes these mig...
by lhl12
Wed Dec 30, 2015 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: Offer in Compromise (tips? pitfalls?)
Replies: 7
Views: 1073

Re: Offer in Compromise (tips? pitfalls?)

I will leave it to others to opine on the specifics. I would only offer that you are a good son to take care of your mother like this.
by lhl12
Wed Dec 30, 2015 5:35 am
Forum: Personal Finance (Not Investing)
Topic: Net Worth
Replies: 57
Views: 6217

Re: Net Worth

Gort wrote:
SpaNancy wrote:
abuss368 wrote:We should start a poll!


Can you do that ... create a Poll here?


We used to be able to do polls. I found them interesting and frequently helpful. They have been banned by the moderators for some time now. :(


Why were polls banned?

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