Search found 115 matches

by samsmith
Sun Jan 28, 2018 10:58 pm
Forum: Investing - Help with Personal Investments
Topic: RMDs with inherited spousal IRA
Replies: 1
Views: 240

RMDs with inherited spousal IRA

Unfortunately, my mother passed away towards the end of December and she had a small IRA at a local bank (in a CD which comes due in several weeks) with my Dad as the primary beneficiary. My mom had taken her RMD prior to her death in 2017. not really a huge issue, but does my Dad have to count the ...
by samsmith
Sat Jan 20, 2018 8:28 am
Forum: Personal Finance (Not Investing)
Topic: Opening a taxable account in Vanguard Joint vs a Trust account
Replies: 23
Views: 1812

Re: Opening a taxable account in Vanguard Joint vs a Trust account

Hello fellow Bogleheads, We need advice on opening a taxable account with Vanguard. This question is mostly for asset protection. We live in Michigan. Should we open it as joint with tenants by the entirety or a trust account? If with joint with tenants by the entirety (both spouses), how do we des...
by samsmith
Sat Jan 13, 2018 5:24 pm
Forum: Personal Finance (Not Investing)
Topic: COBRA alternative for 1 month? (it's $2,400 per month!)
Replies: 69
Views: 4077

Re: COBRA alternative for 1 month? (it's $2,400 per month!)

slightly off topic - but is cobra (or other insurance ever tax deductible?) I assume not?
by samsmith
Sat Jan 13, 2018 5:16 pm
Forum: Personal Finance (Not Investing)
Topic: Estate Planning (Input Requested)
Replies: 14
Views: 1370

Re: Estate Planning (Input Requested)

Just to be clear what type of trust is this. Is it a revocable living trust? If you wanted to revoke the trust, it should be relatively straightforward to move the brokerage accounts out of the trusts and the real estate is already out of the trusts ( so nothing to do). But maybe its some other type...
by samsmith
Sat Jan 13, 2018 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: Trusts for adult Children
Replies: 203
Views: 11977

Re: Trusts for adult Children

First let me thank WannabeAgAlum for a a terrific post with clear explanations> I still have somne questions on the TOD For the personal POD account, the income following the date of death will typically go to the next owner - the beneficiary. If there's a month between my date of death and the date...
by samsmith
Fri Jan 12, 2018 6:24 pm
Forum: Personal Finance (Not Investing)
Topic: Trusts for adult Children
Replies: 203
Views: 11977

Re: Trusts for adult Children

For those of you who do plan to have distributions to adult children governed by a irrevocable trust, what approach are you taking: - Put your Vanguard accounts into a living trust that becomes irrevocable on your death? - Keep in your own name and list the trust as the "payable on death" beneficia...
by samsmith
Wed Jan 10, 2018 11:28 pm
Forum: Personal Finance (Not Investing)
Topic: printing 1099s
Replies: 3
Views: 497

printing 1099s

I am using TurboTax Business to prepare 1099s. Does anyone know if I have to use the red preprinted forms to submit to IRS (and if so how can i get Turbotax to print with these forms)? Or can I just submit the black and white 1099 form that TutboTax produces?
by samsmith
Fri Dec 22, 2017 6:47 pm
Forum: Investing - Theory, News & General
Topic: Will you take this Fidelity bait ?
Replies: 126
Views: 14899

Re: Will you take this Fidelity bait ?

Not sure I would move all $5M, but I would strongly consider moving a portion. The going rate is normally $2500 for $1M. Thus, I would transfer that amount of assets in kind to FIDO. To me the benefits of this are: 1. Diversify holdings so not all at one brokerage. 2. Better customer service at FIDO...
by samsmith
Fri Dec 15, 2017 5:58 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with T. Rowe Price funds
Replies: 18
Views: 2071

Re: What to do with T. Rowe Price funds

I have a similar issue as OP with some stocks (at least they don't have an ER) and stock funds. I also had TRP in one retirement account. On the whole I think they do a nice job and have had good results Anyway, for your retirement accounts - I would move towards transitioning to the more bogelhead ...
by samsmith
Sat Dec 09, 2017 8:32 am
Forum: Investing - Help with Personal Investments
Topic: Help with Inherited IRA
Replies: 14
Views: 1298

Re: Help with Inherited IRA

In answer to OP's original question, I would definitely add a third brokerage. I know this has been debated multiple times in the forum, but I would diversify the places where assists are housed. My first thought was Schwab , but you could also consider Merril Edge/td Ameritrade (or others). You lik...
by samsmith
Tue Dec 05, 2017 11:42 pm
Forum: Personal Finance (Not Investing)
Topic: Cost of orthopedic cast
Replies: 8
Views: 875

Re: Cost of orthopedic cast

What are the CPT codes that were charged?
by samsmith
Mon Nov 27, 2017 11:29 pm
Forum: Investing - Help with Personal Investments
Topic: BSV Bid/Ask Spread [after hours @ schwab]
Replies: 7
Views: 549

Re: BSV Bid/Ask Spread

I am sure that is because you have a quote from when the market is closed. Whenever I trade an ETF, I do it during market hours when the quotes and spreads are more realistic .
by samsmith
Mon Nov 27, 2017 10:26 pm
Forum: Investing - Help with Personal Investments
Topic: Can I afford a $1,400,000 house
Replies: 93
Views: 10203

Re: Can I afford a $1,400,000 house

Had a similar issue years ago when my wife and I started out. At that time the house was $700,000, and we would have needed help for the down-payment. My salary would have covered the mortgage, but we would have had to ask my parents and inlaws for down-payment help. To this day I am confident they ...
by samsmith
Mon Nov 27, 2017 10:09 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation - SARs and RSUs
Replies: 5
Views: 383

Asset Allocation - SARs and RSUs

Wondering how others deal with SARs (stock Appreciation Rights - Options) and/or RSUs (Restricted Stock Units) when calculating Asset Allocation percentage? I have never worried about exact allocation percentage - but try to achieve generally "reasonable" percentages. I realize that with the market ...
by samsmith
Mon Nov 20, 2017 7:29 pm
Forum: Personal Consumer Issues
Topic: Honda CR-V vs Subaru Outback
Replies: 24
Views: 3568

Re: Honda CR-V vs Subaru Outback

Love the safety features on the Subie. Might also consider the Subaru Forrestor which I think is usually viewed as Subaru's CRV class competitor. Have had both the CRV and Forrestor. Don't think you can go wrong with either or the outback.
by samsmith
Sun Oct 22, 2017 8:49 pm
Forum: Investing - Help with Personal Investments
Topic: Commission only fiduciary planner
Replies: 129
Views: 6537

Re: Commission only fiduciary planner

Pdub, as others have said, you seem like a very nice person. So after some good discussion my wife is much more on board with us doing it ourselves. We will plan to do some more research, come up with a good portfolio and seek out an initial flat fee advisor to guide us upfront - mostly with paperwo...
by samsmith
Sat Oct 21, 2017 9:57 pm
Forum: Investing - Help with Personal Investments
Topic: Commission only fiduciary planner
Replies: 129
Views: 6537

Re: Commission only fiduciary planner

Too many people that have recommended them know that I will be seeing them, so its too late to back out. However they do their pre client program in 3 different meetings...each building on the others, so no paper work is signed until the second or third meeting. I am curious as to what they will sa...
by samsmith
Tue Oct 03, 2017 10:53 pm
Forum: Investing - Help with Personal Investments
Topic: Help with private investment opportunity
Replies: 47
Views: 3372

Re: Help with private investment opportunity

You might want to google the term "accredited Investor." It is my understanding that many private placement opportunities are restricted to "accredited Investors." And from what was listed in the original post, I am not sure the OP would qualify as an "accredited Investor." Maybe this deal is so big...
by samsmith
Tue Oct 03, 2017 10:42 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's new security key option
Replies: 119
Views: 31205

Re: Vanguard's new security key option

i was going to get the Yubikey - but since the SMS text seems to always be available - it seems like the system is no more secure than the SMS text is. So, as others have said, why wouldn't I just use the SMS text. While not perfect, wouldn't requiring at least the second factor, even if its SMS tex...
by samsmith
Sun Sep 24, 2017 10:25 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard charged me $140 in service fees
Replies: 31
Views: 6292

Re: Vanguard charged me $140 in service fees

Call them up and explain what happened. See if they will reverse charges if you sign up. N
by samsmith
Fri Sep 15, 2017 6:40 pm
Forum: Personal Finance (Not Investing)
Topic: Irrevocable Trust - EFT to Trustee's Bank Account
Replies: 11
Views: 778

Re: Irrevocable Trust - EFT to Trustee's Bank Account

I think I should also add that FIREchief's signature also applies to any advice i give. Namely: I am not a lawyer, accountant or financial advisor. Any advice or suggestions that I may provide shall be considered for entertainment purposes only.
by samsmith
Fri Sep 15, 2017 6:37 pm
Forum: Personal Finance (Not Investing)
Topic: Irrevocable Trust - EFT to Trustee's Bank Account
Replies: 11
Views: 778

Re: Irrevocable Trust - EFT to Trustee's Bank Account

Not sure this plan would work. First, in my experience, in order to do an Electronic Funds Transfer the two accounts should have similar owners. In this case, the trust account would not be similar to the joint account - so I am not sure the banks or Fidelity would allow this. In any event, the OP i...
by samsmith
Sun Aug 20, 2017 10:23 pm
Forum: Personal Finance (Not Investing)
Topic: Gift Question - Combine Gift w/Repay of Short Term Loan
Replies: 4
Views: 518

Re: Gift Question - Combine Gift w/Repay of Short Term Loan

Make this simple. Have your daughter call school and explain tuition will be ~10 days late because she is waiting for some CDs to mature. I have had to do this on occasion and the schools have never made an issue nor were there any late fees. I think they were just glad to have the money by the star...
by samsmith
Wed Jul 26, 2017 9:11 pm
Forum: Investing - Theory, News & General
Topic: Too much of portfolio in Vanguard?
Replies: 22
Views: 4307

Re: Too much of portfolio in Vanguard?

I would be thankful for my spouse's interest. Understanding and accepting all of the reason's Vanguard is safe, I would absolutely move some assets to Schwab, Fidleity, TD Ameritrade, etc. Each has low cost index funds. Some of the brokerages even offer bonus's for moving assets to them. Make your w...
by samsmith
Sun Jun 25, 2017 9:39 pm
Forum: Personal Finance (Not Investing)
Topic: irrevocable trust for children receiving an inheritance
Replies: 54
Views: 5638

Re: irrevocable trust for children receiving an inheritance

I think that what bsteiner is suggesting may not be exactly what the OP desires. It seems like the OP wants their to be a corporate co-trustee for the new trust that will receive the assets after decanting. Bsteiner explained that the new trust: If the new trust gives them control (the right to beco...
by samsmith
Sun May 21, 2017 10:06 pm
Forum: Personal Consumer Issues
Topic: Sell 2015 Subaru or Keep?
Replies: 71
Views: 7340

Re: Sell 2015 Subaru or Keep?

Congrats on purchasing a great car.
Eyesight is great safety feature.
Keep it for 10 years or more.
by samsmith
Sat May 20, 2017 10:17 pm
Forum: Investing - Help with Personal Investments
Topic: How Much for 529 Plan
Replies: 39
Views: 5029

Re: How Much for 529 Plan

Illinois is $20K total for a married couple per year to get state deduction - not per beneficiary. And while I don't want to get into a debate on the relative value of public vs private college, but I would like to gently point out that if one of the OP's kids goes to a private school his estimate o...
by samsmith
Sat May 20, 2017 10:03 pm
Forum: Personal Finance (Not Investing)
Topic: Use 529 Money Or Not?
Replies: 19
Views: 2046

Re: Use 529 Money Or Not?

I looked in IRS PUB 970 before I typed my first answer. I don't see anything like your talking about (withdrawing in 2018 and counting against a 2017 expense). I do see "kindof" the opposite. Meaning if you take a 529 withdrawal in 2017 it can be used for a 2017 payment made in 2017 that was for a s...
by samsmith
Sat May 20, 2017 9:52 pm
Forum: Personal Finance (Not Investing)
Topic: Use 529 Money Or Not?
Replies: 19
Views: 2046

Re: Use 529 Money Or Not?

To answer your question - I believe you get a 1099-Q when you take a 529 distribution. The 1099-Q lists the earnings and your "basis" for the distribution. You compare the total distributions from the 529 from that year to your educational expenses for that year. So put another way, if you are payin...
by samsmith
Sat May 20, 2017 4:26 pm
Forum: Investing - Help with Personal Investments
Topic: Thoughts on my ESPP
Replies: 19
Views: 1977

Re: Thoughts on my ESPP

Yes the six month holding period is a bit unusual for an ESPP and certainly adds individual stock risk. And yes 10% is not as good as the more common 15%. Having said that, the built in discount of 10% off the lower of the starting or ending price of the period means some periods will have even larg...
by samsmith
Sun May 07, 2017 5:19 am
Forum: Investing - Help with Personal Investments
Topic: 529 vs trust
Replies: 6
Views: 912

Re: 529 vs trust

The most inexpensive "trust management" company would be yourself. The grantor trust that bsteiner mentioned should use your SSN. You should be able to be trustee and grantor of the trust - your kids are the beneficiary. Open up an account at vanguard or fidelity or Schwab (etc) in trusts name. Inve...
by samsmith
Tue May 02, 2017 10:41 pm
Forum: Personal Finance (Not Investing)
Topic: Trusts taxes distributions
Replies: 22
Views: 2536

Re: Trusts taxes distributions

... I believe the trust could also distribute appreciated assets (like stock) to the beneficiary, the cost basis of the stock would stay unchanged and the beneficiary would pay the tax on the capital gains only when he/she sold the asset? Does anyone know if this "in-kind" distribution would be acc...
by samsmith
Sun Apr 30, 2017 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrela Insurance is it worth?
Replies: 21
Views: 2770

Re: Umbrela Insurance is it worth?

From my point of view. Almost certainly something you will never use.
And totally worth having.
by samsmith
Sat Apr 29, 2017 10:01 pm
Forum: Personal Finance (Not Investing)
Topic: Trusts taxes distributions
Replies: 22
Views: 2536

Re: Trusts taxes distributions

I have a somewhat related question on trust income. Again assume a testamentary trust with compressed tax brackets. If the trust has income and makes a cash distribution to a beneficiary - I believe the (in most cases) the distribution carries out the income to the beneficiary and the beneficiary ge...
by samsmith
Wed Apr 05, 2017 8:08 pm
Forum: Personal Consumer Issues
Topic: ORD Parking lot challenge - need quick response
Replies: 18
Views: 1675

Re: ORD Parking lot challenge - need quick response

Agree with lazydavid. Park in Lot E and take tram. It's crowded but normally you can find a spot- might take 5-10 minutes. But sometimes 30 seconds. Lot G requires bus to tram and would leave that for last resort
by samsmith
Sun Apr 02, 2017 6:56 pm
Forum: Personal Consumer Issues
Topic: Weird house buying experience
Replies: 123
Views: 9330

Re: Weird house buying experience

My two cents. First from reading this post, I don't think dbr has the exact scenario right when he says: So my understanding is that in the end you all agreed to a house priced with two golden winchers by mistake. They found their mistake and deleted one of the golden winchers but they didn't reduce...
by samsmith
Sun Apr 02, 2017 6:34 pm
Forum: Personal Finance (Not Investing)
Topic: Successor Trustees
Replies: 10
Views: 1006

Re: Successor Trustees

Trust is irrevocable. For example, our clients generally provide for their children in trust rather than outright to keep their inheritances out of their estates for estate tax purposes and to protect their inheritances against their creditors and spouses. Usually each child effectively controls his...
by samsmith
Sun Apr 02, 2017 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Successor Trustees
Replies: 10
Views: 1006

Re: Successor Trustees

LOL. I get your point. The original document said needed consent of trust protector. I complied with that - as trust protector signed. The original trust says nothing about the form naming a successor having to be notarized. So then I should be good. I complied with the terms of the trust as defined...
by samsmith
Sun Apr 02, 2017 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: Successor Trustees
Replies: 10
Views: 1006

Re: Successor Trustees

The key is to make sure that the Will or trust agreement provides a mechanism for appointing successor trustees, and that if you're the sole trustee, if there's no designated successor, and you have the power to name a successor, that you name one. Your successor shouldn't have any problem dealing ...
by samsmith
Sat Apr 01, 2017 8:19 am
Forum: Personal Finance (Not Investing)
Topic: Successor Trustees
Replies: 10
Views: 1006

Successor Trustees

I wonder if people have had experience in changing trustees for trust accounts and having that accepted by brokerages. Assume I am the sole trustee of a properly drafted trust. The original trust named successor trustees as well as a mechanism (basically a one page form drafted by the lawyer) to app...
by samsmith
Fri Mar 24, 2017 10:31 pm
Forum: Personal Consumer Issues
Topic: thoughts on in-ceiling speakers?
Replies: 48
Views: 6814

Re: thoughts on in-ceiling speakers?

I have in-ceiling speakers for the two rears.
The two fronts and centers sit on shelves by the tv.
by samsmith
Sun Mar 19, 2017 7:31 pm
Forum: Personal Consumer Issues
Topic: Help me pick a computer
Replies: 71
Views: 5319

Re: Help me pick a computer

I have been following this thread (since I also needed a new computer). For what its worth, I went to Microcenter and purchased (based on much of the feedback in this thread). Intel Core i5-7500 Processor 3.40GHz Microsoft Windows 10 Home 64-bit 16GB DDR4-2133 RAM 1TB Hard Drive 250GB Solid State Dr...
by samsmith
Wed Mar 15, 2017 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: Early Retirement - what to do about healthcare?
Replies: 228
Views: 32458

Re: Early Retirement - what to do about healthcare?

I posted almost the exact same question about 10 days ago. And got about the same answers - or lack thereof. In my case, I am closer to retirement - maybe 18 months out and at that time will be about 60. So cobra gets me 18 months of the way to Medicare, but then I have a gap. And the ACA plans in m...
by samsmith
Mon Mar 06, 2017 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: Buying Health Insurance
Replies: 16
Views: 2556

Re: Buying Health Insurance

Paying cash for the "docs you like" works for primary care docs and if you stay healthy. If you get sick - paying cash for out-of-network hospitals will get very expensive quickly. And the rates wont be the "discounted" ones that insurers get. Cobra currently does not allow extension beyond the init...
by samsmith
Sun Mar 05, 2017 6:43 pm
Forum: Personal Finance (Not Investing)
Topic: Buying Health Insurance
Replies: 16
Views: 2556

Buying Health Insurance

Would like to consider retiring in next few years (age 55). Does anyone have suggestions for purchasing health insurance? I can only cobra for 18 months. The ACA plans offered in my state seem to have a limited doctor/hospital network. I am not so much looking for any subsidies, rather any suggestio...
by samsmith
Sat Feb 04, 2017 4:27 am
Forum: Investing - Help with Personal Investments
Topic: All investments with Vanguard - Should I diversify
Replies: 19
Views: 2522

Re: All investments with Vanguard - Should I diversify

A vote here for diversity.

i would opt for Fidelity or Schwab as my second choice. so if you don't like FIDO (for whatever reason), than I would look to Schwab. TD Ameritrade might be another possibility - especially if they have a local branch.
by samsmith
Fri Jan 13, 2017 3:46 pm
Forum: Investing - Help with Personal Investments
Topic: Traditional 401k vs Roth 401
Replies: 4
Views: 652

Traditional 401k vs Roth 401

My daughter (24) has just started a job with a megacorp. Salary will put her in upper middle of 25 % bracket. Megacorp has both traditional and Roth 401k with a matching program. I am working on her to maximize as much of the match as possible. They will match money in either the t401 or Roth 401. M...
by samsmith
Mon Jan 09, 2017 4:51 pm
Forum: Personal Consumer Issues
Topic: Getting Subaru Legacy(4Cyl 2.5L or V6 3.6R?)
Replies: 56
Views: 14002

Re: Getting Subaru Legacy(4Cyl 2.5L or V6 3.6R?)

Own the Legacy 2015 3.6R. Debated a lot between the 4 and 6. Ended up picking the 6. I am very happy with my decision. I think the 6 has a very smooth and quiet ride and has better "pickup" on the few times I need it. Now had I got the 4, my guess is I would have been satisfied with that. Anyway, I ...
by samsmith
Wed Nov 09, 2016 5:38 pm
Forum: Personal Consumer Issues
Topic: Medical practice partnership - schedule issues - advice needed
Replies: 41
Views: 3404

Re: Medical practice partnership - schedule issues - advice needed

what specialty? And how is your compensation calculated? Specifically, if you take more call (and presumably do more work) do you get paid more, based on the partner contract formula?