Search found 420 matches

by lhl12
Wed Feb 10, 2016 9:33 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation at 93
Replies: 2
Views: 369

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: 1325

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: 593

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: 5660

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: 575

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: 4616

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: 743

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: 9394

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: 9394

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: 9394

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: 9394

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: 9394

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: 743

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: 2869

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: 4618

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: 201

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: 4618

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: 7616

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: 116
Views: 10676

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: 2716

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: 1053

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: 770

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: 1023

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: 5980

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?
by lhl12
Mon Dec 28, 2015 10:05 am
Forum: Personal Consumer Issues
Topic: Which other 'must-read' websites and blogs do YOU read?
Replies: 42
Views: 6209

Re: Which other 'must-read' websites and blogs do YOU read?

avsforum.com -- audio, video, home automation
by lhl12
Sat Dec 26, 2015 8:46 am
Forum: Investing - Help with Personal Investments
Topic: My husband left me for a younger woman - help me take control of my finances
Replies: 36
Views: 8620

Re: My husband left me for a younger woman - help me take control of my finances

If the split of assets hasn't been finalized, and if your husband wants to keep it, maybe he would take all of the hedge fund interest in exchange for more cash or other assets for you?
by lhl12
Thu Dec 24, 2015 11:13 pm
Forum: Investing - Help with Personal Investments
Topic: My husband left me for a younger woman - help me take control of my finances
Replies: 36
Views: 8620

Re: My husband left me for a younger woman - help me take control of my finances

I have skipped much of your post and the responses. Your need to take risk, and hence your asset allocation, may depend greatly on whether you have low 7 figures, medium, or high. At the upper hand, presuming reasonable expenses, your need to take risk is close to zero. At the lower end, you may ne...
by lhl12
Thu Dec 24, 2015 11:08 pm
Forum: Investing - Theory, News & General
Topic: Can the federal government bail out the state/muni market?
Replies: 6
Views: 792

Re: Can the federal government bail out the state/muni market?

The Federal government certainly could bail out any individual state (or municipality) if it chose to. Under most circumstances, however, I think this is exceedingly unlikely. Municipalities can file for bankruptcy and restructure their debts if they wish to (or if they are effectively forced to). S...
by lhl12
Mon Dec 21, 2015 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: Any way to get credit card rewards on kids allowance?
Replies: 9
Views: 761

Re: Any way to get credit card rewards on kids allowance?

I went through this same issue with my son at college. We both have checking accounts accounts at Bank of America. His checking account is joint with me, and is therefore on my B of A login. So, when I log in I see his account as one of the accounts available. He has his own separate B of A login, b...
by lhl12
Fri Dec 11, 2015 8:14 am
Forum: Investing - Theory, News & General
Topic: [Third Avenue liquidates its high-yield bond fund]
Replies: 130
Views: 8070

Re: [Third Avenue liquidates its high-yield bond fund]

Liquidity is a funny thing. There are countless examples of markets with high apparent liquidity and tight bid-ask spreads that then become illiquid. By pooling their assets together in mutual funds (of all varieties), investors give themselves greater liquidity under certain circumstances. As long ...
by lhl12
Wed Dec 09, 2015 10:27 pm
Forum: Personal Finance (Not Investing)
Topic: Question about estate/will issues
Replies: 17
Views: 1605

Re: Question about estate/will issues

Currently your father can leave about $5.5 million to all his heirs (his two kids and his girlfriend) free of estate tax. Because his estate is worth $8 million, he will owe estate tax on about $2.5 million at the time of his death. This is probably more than you or your father wants to get into, bu...
by lhl12
Wed Dec 09, 2015 10:11 pm
Forum: Personal Finance (Not Investing)
Topic: Question about estate/will issues
Replies: 17
Views: 1605

Re: Question about estate/will issues

Does the girlfriend have kids of her own? Also, how old is the girlfriend?
by lhl12
Mon Dec 07, 2015 7:23 pm
Forum: Personal Finance (Not Investing)
Topic: Huge credit on Costco AMEX card, can't get rid of it
Replies: 40
Views: 4802

Re: Huge credit on Costco AMEX card, can't get rid of it

It wouldn't be taxable income. Ignore that advice. I disagree also with not cashing the check. Deposit it in your account pending receipt of a future claim, if any. Gill This. If they insist on paying you, take it. They are a huge company that probably makes errors like this all the time. If they f...
by lhl12
Mon Dec 07, 2015 8:56 am
Forum: Personal Finance (Not Investing)
Topic: use cash only? sick of debit card
Replies: 36
Views: 2435

Re: use cash only? sick of debit card

Something that might lessen chances of being issued new cards is to to apply for a new credit card and keep it in a safe place and use it only for all your on line bill payment transactions. Use other credit cards for day to day transactions. This will limit but not eliminate the card you are using...
by lhl12
Sun Dec 06, 2015 8:13 am
Forum: Investing - Help with Personal Investments
Topic: Equity Allocation in Retirement - Accounting for Pensions/SS
Replies: 16
Views: 1363

Re: Equity Allocation in Retirement - Accounting for Pensions/SS

I retired 12 years ago (age 55), and my allocation has been between 30% and 40% of my savings, today is around 35%. Recently I read in a WSJ article that John Bogle reminds people to account for pensions and SS when deciding on the proper equity allocation and the 100-age as the rule. If I follow B...
by lhl12
Sun Dec 06, 2015 8:05 am
Forum: Personal Finance (Not Investing)
Topic: Writing checks - a Bogleheads thing to do?
Replies: 117
Views: 8048

Re: Writing checks - a Bogleheads thing to do?

When I see a "convenience fee" attached to using my credit card online, I pull out the checkbook. I do the same. However now that the rebate on my credit card is 2.625% (Bank of America Travel Rewards) it has become quite rare that the magnitude of any convenience fee is greater than the ...
by lhl12
Sun Dec 06, 2015 8:02 am
Forum: Personal Finance (Not Investing)
Topic: When to claim Social Security if you won't ever "need" it?
Replies: 50
Views: 4028

Re: When to claim Social Security if you won't ever "need" it?

This is what I thought the OP was, or at least the angle on it that interested me: given a simple scenario of average life expectancy, average incomes, average tax situation if that is relevant, if all SS income was immediately invested at average rates of return (be nice, just trying to grasp the ...
by lhl12
Sat Dec 05, 2015 6:18 pm
Forum: Personal Finance (Not Investing)
Topic: When to claim Social Security if you won't ever "need" it?
Replies: 50
Views: 4028

When to claim Social Security if you won't ever "need" it?

Let's assume a married couple has saved enough for retirement that they have "won the game" and are highly confident they will be able to support themselves comfortably from their savings without any additional benefit from Social Security. Further assume that at the time of their death th...
by lhl12
Fri Dec 04, 2015 11:06 pm
Forum: Personal Finance (Not Investing)
Topic: Help to pay off home
Replies: 12
Views: 1011

Re: Help to pay off home

What can never be replicated is experiences, which will count even more when you are gone. I like the suggestion of a great vacation, but anything else along those lines would be great too.
by lhl12
Tue Dec 01, 2015 9:38 pm
Forum: Investing - Help with Personal Investments
Topic: Wrongful Death Settlement Planning
Replies: 28
Views: 4322

Re: Wrongful Death Settlement Planning

If you do decide to use most of the proceeds to pay off your mortgage, I would consider first refinancing it (or at least part of it) into a HELOC. Then you can apply the settlement proceeds to pay off the HELOC in full but have the flexibility to re-draw part of it in the future if necessary to ma...
by lhl12
Tue Dec 01, 2015 9:33 pm
Forum: Investing - Help with Personal Investments
Topic: [Large assets,] No retirement savings: How to invest
Replies: 16
Views: 2286

Re: [Large assets,] No retirement savings: How to invest

First, you need to determine how much of the biotech stock you want to sell. Most Bogleheads would tell you that your assets are FAR too concentrated and should sell a large portion of the stock. That will be up to you, however. Assuming you are willing to sell some of the stock, I would earmark the...
by lhl12
Tue Dec 01, 2015 9:20 pm
Forum: Investing - Help with Personal Investments
Topic: Wrongful Death Settlement Planning
Replies: 28
Views: 4322

Re: Wrongful Death Settlement Planning

If you do decide to use most of the proceeds to pay off your mortgage, I would consider first refinancing it (or at least part of it) into a HELOC. Then you can apply the settlement proceeds to pay off the HELOC in full but have the flexibility to re-draw part of it in the future if necessary to max...
by lhl12
Mon Nov 30, 2015 10:35 pm
Forum: Investing - Help with Personal Investments
Topic: Wrongful Death Settlement Planning
Replies: 28
Views: 4322

Re: Wrongful Death Settlement Planning

1. You should be sure to understand the tax implications of the settlement payment before doing anything. I don't know how a settlement payment would be taxed, but it doesn't seem impossible to me that it would be current income in the year received. If so, you will owe a lot of tax. Consult an acco...
by lhl12
Sat Nov 28, 2015 2:42 pm
Forum: Investing - Theory, News & General
Topic: Asset Allocation Question
Replies: 9
Views: 953

Re: Asset Allocation Question

1. Not quite - It's better than that because Social Security is inflation-indexed and increases annually with inflation. 2. You will get different answers from different people on this. Many on this board believe you should not capitalize income streams or treat them as part of your asset allocation...
by lhl12
Tue Nov 17, 2015 4:38 am
Forum: Personal Finance (Not Investing)
Topic: Best credit card for cash back
Replies: 49
Views: 8259

Re: Best credit card for cash back

BanditKing wrote:Any 2% cards out there without foreign transaction fees?

B of A Travel Rewards has no foreign transaction fees. You do need enough of a Merrill EDGE balance to boost the rebate above 2.0% though.
by lhl12
Mon Nov 16, 2015 8:08 pm
Forum: Personal Finance (Not Investing)
Topic: Best credit card for cash back
Replies: 49
Views: 8259

Re: Best credit card for cash back

sai wrote:You can eke out 2.65% on boa travels rewards card with 100k+ in merril edge

2.625%, actually. For many years I used the Fidelity Visa, but switched to this one a year or so ago. No regrets.
by lhl12
Tue Nov 03, 2015 3:35 am
Forum: Personal Finance (Not Investing)
Topic: HOW do you spend your money? (Cash, Debit, Check, Credit?)
Replies: 34
Views: 2147

Re: HOW do you spend your money? (Cash, Debit, Check, Credit?)

Everything on a credit card. For many years used Fidelity 2% cash back card but switched to B of A Travel Rewards card (2.625% cash back through travel credit) about a year ago. I have two separate B of A cards (with different card numbers). I put all the automatic recurring charges on one card and ...
by lhl12
Wed Oct 14, 2015 11:10 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard asking me to move funds into brokerage?
Replies: 22
Views: 3035

Re: Vanguard asking me to move funds into brokerage?

A third issue is the following sentence, which is in the Vanguard Brokerage Services Account Application Agreement: https://personal.vanguard.com/pdf/vbsaa.pdf?cbdForceDomain=false VBS [Vanguard Brokerage Services] may rehypothecate any Securities or Other Property held, carried, maintained, or in ...
by lhl12
Wed Oct 14, 2015 10:31 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard asking me to move funds into brokerage?
Replies: 22
Views: 3035

Re: Vanguard asking me to move funds into brokerage?

Conversion to the new format is a no brainer. The old format is inefficient and antiquated and all the other major brokerages use the new format equivalent which is simply a single account that holds all investments Vanguard supports. It is so much easier to understand with fewer accounts, fewer st...
by lhl12
Tue Oct 06, 2015 8:42 pm
Forum: Personal Finance (Not Investing)
Topic: Best indicator for a successful relationship? Credit Score!
Replies: 9
Views: 1243

Best indicator for a successful relationship? Credit Score!

An interesting article on personal financial responsibility and relationships!

http://www.washingtonpost.com/news/wonk ... s-in-love/

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