Search found 861 matches

by teacher
Sat Jan 09, 2016 11:41 pm
Forum: Personal Finance (Not Investing)
Topic: Advantages of a Revocable Living Trust, specifically in England
Replies: 8
Views: 371

Re: Advantages of a Revocable Living Trust, specifically in England

We don't need to be concerned about the federal estate tax exclusion amount now or in the future, I reckon, so it's unlikely we will need to consider the special rules for noncitizen spouses. However, I appreciate knowing non-citizenship could be an issue in case the magic of compounding is indeed m...
by teacher
Sat Jan 09, 2016 10:35 pm
Forum: Personal Finance (Not Investing)
Topic: Advantages of a Revocable Living Trust, specifically in England
Replies: 8
Views: 371

Re: Advantages of a Revocable Living Trust, specifically in England

No, she and my husband are UK citizens; they're English. DH had an inheritance in a trust in England and moving the funds here was difficult. We couldn't find counsel in England who knew inheritance tax laws in the US, and our accountant couldn't advise tax consequences moving the funds to his accou...
by teacher
Sat Jan 09, 2016 10:20 pm
Forum: Personal Finance (Not Investing)
Topic: Advantages of a Revocable Living Trust, specifically in England
Replies: 8
Views: 371

Re: Advantages of a Revocable Living Trust, specifically in England

Again, thanks, bsteiner. The difficulty will be finding counsel who knows tax consequences in both the UK and the US as she has beneficiaries in both countries.
by teacher
Sat Jan 09, 2016 8:02 pm
Forum: Personal Finance (Not Investing)
Topic: Advantages of a Revocable Living Trust, specifically in England
Replies: 8
Views: 371

Re: Advantages of a Revocable Living Trust, specifically in England

Thank you for your response, bsteiner. My sister-in-law has no specific reason to consider a trust vs a will as she has no knowledge of the benefits of a trust in England. She is just trying to find out whether there would be benefits worth considering. Of course you are correct, she should "di...
by teacher
Sat Jan 09, 2016 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: Advantages of a Revocable Living Trust, specifically in England
Replies: 8
Views: 371

Advantages of a Revocable Living Trust, specifically in England

DH's sister is English. She is getting ready to prepare a will, and DH raised the idea of using the English equivalent of a Revocable Living Trust instead. Our question is: is there such an alternative to a will in England, and if so, what would the advantages be using the English version of our a R...
by teacher
Thu Jan 07, 2016 9:58 am
Forum: Investing - Theory, News & General
Topic: REGISTRATION FOR THE 2016 BOGLEHEAD CONTEST
Replies: 646
Views: 14548

Re: REGISTRATION FOR THE 2016 BOGLEHEAD CONTEST

Lots and lots of duplicates. :shock:
The rules say, "Only one guess (no percentages and no changes)".
Does that mean those who posted the same guess as a previous guess cannot change their guess before the deadline?
by teacher
Sun Jan 03, 2016 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: What to do for elderly parent, if they reject help?
Replies: 54
Views: 4156

Re: What to do for elderly parent, if they reject help?

If you haven't already, perhaps spend several days with your mom face-to-face, so you can broach the fact her needs are changing in causal conversation. If she shows signs of dementia, she may be resisting because those topics are foreign to her, and your presence may help her be more comfortable wi...
by teacher
Sun Jan 03, 2016 11:49 am
Forum: Investing - Theory, News & General
Topic: REGISTRATION FOR THE 2016 BOGLEHEAD CONTEST
Replies: 646
Views: 14548

Re: REGISTRATION FOR THE 2016 BOGLEHEAD CONTEST

I'm going to Stay the Course and go with last year's guess again.

2233.00
by teacher
Thu Dec 31, 2015 12:54 pm
Forum: Investing - Theory, News & General
Topic: 2015 BOGLEHEAD CONTEST LEADERS
Replies: 53
Views: 4153

Re: 2015 BOGLEHEAD CONTEST LEADERS

Coming in 323rd out of 552 participants, at least I beat six of the fifteen "experts". Better than a poke in the eye with a sharp stick, but not much better. :|
by teacher
Wed Dec 30, 2015 3:28 pm
Forum: Personal Finance (Not Investing)
Topic: Aging Parents Care Scenarios
Replies: 24
Views: 2618

Re: Aging Parents Care Scenarios

My mother was a retired RN in her mid-sixties when my father died. Friends advised her to sell her home and rent an apartment, or buy a house-trailer and move into a trailer park. She was very indecisive and asked me what to do. After a year, a new housing development was built a couple blocks from ...
by teacher
Wed Dec 30, 2015 2:11 pm
Forum: Personal Finance (Not Investing)
Topic: Net Worth
Replies: 57
Views: 5983

Re: Net Worth

Aptenodytes said: First, "net worth" can mean almost anything, so you just need to say what you want it to mean. Second, RMDs don't affect net worth; they just relocate money from one type of account to another. Third, although I said "net worth" could mean anything you wanted it...
by teacher
Wed Dec 30, 2015 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: Net Worth
Replies: 57
Views: 5983

Re: Net Worth

When you say, "Net Worth" are you taking future RMDs into consideration?
by teacher
Mon Nov 30, 2015 8:13 am
Forum: Personal Consumer Issues
Topic: The end of our Teflon pans is near...now what do we buy?
Replies: 63
Views: 6707

Re: The end of our Teflon pans is near...now what do we buy?

All-Clad does roadshows at Costco periodically. I bought a set with ceramic coating for a very good price. Ceramic-coated stainless steel cook-wear intrigued me because I like the non-stick feature, and I wanted to avoid Teflon. I like the All-Clad set very much, however, I wish they had glass lids ...
by teacher
Mon Nov 30, 2015 7:40 am
Forum: Investing - Theory, News & General
Topic: Vanguard sued for [failing to charge market rates to and then paying taxes on services to its mutual funds]
Replies: 776
Views: 108335

Re: Vanguard sued for [failing to charge market rates to and then paying taxes on services to its mutual funds]

Is there conjecture, or has it been determined what Danon's motivations are? Why is he going after Vanguard? What's in it for him?
by teacher
Sun Nov 29, 2015 11:09 am
Forum: Investing - Theory, News & General
Topic: Money Matters with Hanson & McClain
Replies: 3
Views: 837

Re: Money Matters with Hanson & McClain

During my pre-Boglehood days, Hanson & McClain was offering free ongoing advice to pre-retirees employed at AT&T. I expect they were trying to establish relationships with employees of a corporation that had matching 401ks. We met with a Hanson & McClain adviser who seemed knowledgeable....
by teacher
Sun Nov 29, 2015 10:30 am
Forum: Investing - Theory, News & General
Topic: If you could have only one fund, what would it be?
Replies: 154
Views: 30429

Re: If you could have only one fund, what would it be?

In Nov. 2009, my answer to the topic question was, "Wellington for now and Wellesley for later". JLMA asked: 1) what age would "later" be in your case? 2) it's been quite a few years now since your reply, has the answer to this question changed for you? I posted that response in ...
by teacher
Wed Sep 16, 2015 8:45 am
Forum: Personal Consumer Issues
Topic: Lighted Vanity Mirror (LED)–Good idea?
Replies: 12
Views: 876

Re: Lighted Vanity Mirror (LED)–Good idea?

I'm moving away from the notion of a back lighted LED mirror due to the possible need to replace it down the road. I love the sensor mirror GoUk suggested. It's the best I have seen, but I am looking for a 10x magnification. I appreciate suggestions from Stonebr and Frank for bulb types. That gives ...
by teacher
Mon Sep 14, 2015 1:51 pm
Forum: Personal Consumer Issues
Topic: Lighted Vanity Mirror (LED)–Good idea?
Replies: 12
Views: 876

Re: Lighted Vanity Mirror (LED)–Good idea?

crake said: I am hesitant about any integrated lighting/electronic elements in what should be permanent fixtures. I would not want to have to replace a 700 dollar vanity mirror because a couple of cent electronic component in it failed. I was thinking the same thing, crake. I would have to be convin...
by teacher
Mon Sep 14, 2015 12:44 pm
Forum: Personal Consumer Issues
Topic: Lighted Vanity Mirror (LED)–Good idea?
Replies: 12
Views: 876

Lighted Vanity Mirror (LED)–Good idea?

We are renovating our master bath and have concerns about lighting. We were told led lights directly above the mirror gives a harsh reflection, in other words, not flattering. I would rather not have to deal with that, especially in early morning hours, so I am on a mission to find the most forgivin...
by teacher
Sun Sep 13, 2015 12:09 pm
Forum: Personal Consumer Issues
Topic: What bed did you get your toddler and how long did you use it?
Replies: 31
Views: 2455

Re: What bed did you get your toddler and how long did you use it?

I buy twin memory foam mattresses for my grandchildren at Costco, and their parents buy inexpensive bed frames at Ikea. The memory foam mattresses should last throughout childhood and beyond. They use Ikea bed frames very low to the ground, about 12". Both items can be purchased on-line. Costco...
by teacher
Sat Sep 12, 2015 12:06 pm
Forum: Personal Consumer Issues
Topic: Rat Filth in the Dash
Replies: 38
Views: 2333

Re: Rat Filth in the Dash

Here you go, FandangoDave5010.... :wink:

Manifold Destiny: The One! The Only! Guide to Cooking on Your Car Engine!
http://www.amazon.com/gp/product/037575 ... 0375751408
by teacher
Sat Sep 12, 2015 11:39 am
Forum: Personal Consumer Issues
Topic: Rat Filth in the Dash
Replies: 38
Views: 2333

Re: Rat Filth in the Dash

mchop said: ....removed the glove compartment to get to an air filter which was where I found the culprit (a couple days deceased). My boy's rat's nest was found in the exact same spot, right on top of the Heat and Air filter near the glove box. I think that is worth noting. How are you cleaning it ...
by teacher
Thu Sep 10, 2015 2:16 pm
Forum: Personal Consumer Issues
Topic: Rat Filth in the Dash
Replies: 38
Views: 2333

Re: Rat Filth in the Dash

Wow, 2b2, that looks like a possibility. I am going to share this thread with my son tonight. There are some good preventative measures and this steamer idea should peak his interest. Any more ideas would be great.
by teacher
Thu Sep 10, 2015 11:34 am
Forum: Personal Consumer Issues
Topic: Rat Filth in the Dash
Replies: 38
Views: 2333

Re: Rat Filth in the Dash

Liveloft wrote: Whew, teacher, that was quite a battle with the squirrels. Might I ask - who won? Perhaps the squirrels got mad at you and told their rat friends, and now they're getting even. Most definitely, the squirrels have won, not just the battle of being bombarded by five pound pine cones, b...
by teacher
Thu Sep 10, 2015 10:42 am
Forum: Personal Consumer Issues
Topic: Rat Filth in the Dash
Replies: 38
Views: 2333

Re: Rat Filth in the Dash

My mom lived to weeks before her 97th birthday. Seems that rat bite did her good. Good luck with your squirrel injury, Livesoft. Ours haven't chomped on us yet. We are not fond of them, but at least that rodent is cute. Anyway, I think I will try to find steam cleaning equipment rentals. So far, I j...
by teacher
Thu Sep 10, 2015 10:22 am
Forum: Personal Consumer Issues
Topic: Rat Filth in the Dash
Replies: 38
Views: 2333

Re: Rat Filth in the Dash

Springman said: More likely a mouse nest than a rats. This is for sure a rat. My son moved into a new development which was fields just months ago, so mice and garden snakes are an issue on their property. They have droppings in the garage which are much smaller, indicating mice. The Toyota dealer s...
by teacher
Thu Sep 10, 2015 10:15 am
Forum: Personal Consumer Issues
Topic: Rat Filth in the Dash
Replies: 38
Views: 2333

Re: Rat Filth in the Dash

hicabob said:
Rats and mice are ubiquitous in California


I've lived here since 1954 and have never seen a rat. I don't even know what they look like. A big mouse with a long tail? Guess I have been very lucky.
by teacher
Thu Sep 10, 2015 10:12 am
Forum: Personal Consumer Issues
Topic: Rat Filth in the Dash
Replies: 38
Views: 2333

Re: Rat Filth in the Dash

livesoft said:
Now in California, some squirrels carry the plague pathogen, so don't let squirrels play in your yard.


Too late, livesoft.
viewtopic.php?t=40235
by teacher
Thu Sep 10, 2015 9:46 am
Forum: Personal Consumer Issues
Topic: Rat Filth in the Dash
Replies: 38
Views: 2333

Re: Rat Filth in the Dash

I should add, my son has a three month old baby, a two year old and a five year old, so his concern is not limited to his own health.

Sorry to hear you have a similar problem, mchop. Hopefully, more responses will come. We are at the end of our rope finding ideas for solution on our own.
by teacher
Thu Sep 10, 2015 9:15 am
Forum: Personal Consumer Issues
Topic: Rat Filth in the Dash
Replies: 38
Views: 2333

Rat Filth in the Dash

My son paid off his Toyota Tundra at the end of last week. He was so happy. But within a few days, he took it to the dealer to get the windshield squirters unplugged, and they discovered a rat’s nest in the dash on top of the H/A filter. So disgusting to think he has been breathing in air filtered t...
by teacher
Tue Aug 25, 2015 7:30 am
Forum: Investing - Theory, News & General
Topic: Who's selling now?
Replies: 63
Views: 7106

Re: Who's selling now?

I sold equities in the tIRA and bought equities in the ROTH. I will do the same on the fixed side when we have another downturn. Too chicken to do it all at once.
by teacher
Mon Aug 24, 2015 10:27 am
Forum: Investing - Theory, News & General
Topic: Market timing, but......
Replies: 4
Views: 590

Re: Market timing, but......

Thank, everyone. Now I can make the conversion with a sense of impunity. :happy
by teacher
Mon Aug 24, 2015 10:01 am
Forum: Investing - Theory, News & General
Topic: Market timing, but......
Replies: 4
Views: 590

Market timing, but......

For the past few years, we have been converting our tIRAs to ROTHs. My question is, is there a better time to convert, funds being identical? Logic tells me, now, when the market is in the downward direction, would be a better time, since there would be less tax consequence on the sale of the tIRA. ...
by teacher
Thu Aug 06, 2015 11:53 am
Forum: Investing - Theory, News & General
Topic: Safe Withdrawal Rate Question
Replies: 17
Views: 1642

Re: Safe Withdrawal Rate Question

The article quote below uses " rea l growth", so I assumed the mentioned 4.4 percent would be expected real return. In any case, it seems this would be a worse case scenario and one we can only hope is an ultra-conservative expectation. “The expected return of bonds is equal to the beginni...
by teacher
Wed Aug 05, 2015 11:09 am
Forum: Investing - Theory, News & General
Topic: Safe Withdrawal Rate Question
Replies: 17
Views: 1642

Re: Safe Withdrawal Rate Question

The answer to this question is unclear to me because the wiki SWR phrase says, "not lead to portfolio failure; failure being defined as a 95% probability of depletion to zero at any time within the specified period." which to me means, the initial investment when withdrawals begin will mos...
by teacher
Wed Aug 05, 2015 9:34 am
Forum: Investing - Theory, News & General
Topic: Safe Withdrawal Rate Question
Replies: 17
Views: 1642

Safe Withdrawal Rate Question

The answer to this question is for my son who is just starting investing. He thinks his portfolio could continue to grow and leave an inheritance for his children if he withdraws a small percentage (under 4% adjusted for inflation) during 30 years of retirement. I used some assumptions taken from th...
by teacher
Wed Aug 05, 2015 9:24 am
Forum: Personal Finance (Not Investing)
Topic: Is Indexed Universal Life Insurance Best Legacy?
Replies: 36
Views: 2087

Re: Is Indexed Universal Life Insurance Best Legacy?

Very helpful advice, mephistophles (and thanks for the title, BL). Before this insurance issue surfaced, I was thinking along those lines. You have given me specific options to consider. Also, I have decided I need to encourage my sons to familiarize themselves with investing. I think that is the ke...
by teacher
Sat Aug 01, 2015 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: Is Indexed Universal Life Insurance Best Legacy?
Replies: 36
Views: 2087

Re: Is Indexed Universal Life Insurance Best Legacy?

Ralph asked; Is it likely that when they turn 65, you will be in a position to make this purchase for them? That would be a 30 year wait for my oldest. I would be 97. :? I think I would rather suggest they take out an Immediate Annuity with a portion of their inheritance if they wish to have some gu...
by teacher
Sat Aug 01, 2015 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: Is Indexed Universal Life Insurance Best Legacy?
Replies: 36
Views: 2087

Re: Is Indexed Universal Life Insurance Best Legacy?

Using simple logic, that is what I thought, nisiprius, but I wasn't sure insurance companies would acknowledge the payout would be shorter so they could afford to pay out higher annuities. From the beginning, (and I told the agent this) I was considering Immediate Annuities, primarily because Taylor...
by teacher
Sat Aug 01, 2015 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: Is Indexed Universal Life Insurance Best Legacy?
Replies: 36
Views: 2087

Re: Is Indexed Universal Life Insurance Best Legacy?

Ralph, Interesting. A payout of $1,449/mo benefit starting at age 65 for $100,000 today, would be much better than the SWR the death benefit would generate on the Indexed Universal Life product. I was thinking of an Immediate Annuity purchased just before they retire because I think the payout would...
by teacher
Sat Aug 01, 2015 11:52 am
Forum: Personal Finance (Not Investing)
Topic: Is Indexed Universal Life Insurance Best Legacy?
Replies: 36
Views: 2087

Re: Is Indexed Universal Life Insurance Best Legacy?

Very interesting take on the situation, dhodson. I hadn't thought of things from that angle. I will certainly take it under consideration. And we do intend to start gifting this year. It will give us a chance to see how the boys do with investments. I still haven't given up on the SPIA idea, though....
by teacher
Sat Aug 01, 2015 11:19 am
Forum: Personal Finance (Not Investing)
Topic: Is Indexed Universal Life Insurance Best Legacy?
Replies: 36
Views: 2087

Re: Is Indexed Universal Life Insurance Best Legacy?

You make a good point, Novine: Otherwise, you leave the agent the opening to explain why product X isn't like those other products you've read about or how perhaps you misunderstood the product or the 100 reasons why your concerns are unfounded. It may be my attempt to explain why the product is not...
by teacher
Sat Aug 01, 2015 10:49 am
Forum: Personal Finance (Not Investing)
Topic: Is Indexed Universal Life Insurance Best Legacy?
Replies: 36
Views: 2087

Re: Is Indexed Universal Life Insurance Best Legacy?

Excellent! Thanks once again, nisiprius. This should provide the background information I need to respectfully decline the product. I know I seem too worried about the agent's feelings, but he truly deserves every consideration. The issue he resolved would have gone to the insurance commissioner or ...
by teacher
Sat Aug 01, 2015 9:54 am
Forum: Personal Finance (Not Investing)
Topic: Is Indexed Universal Life Insurance Best Legacy?
Replies: 36
Views: 2087

Re: Is Indexed Universal Life Insurance Best Legacy?

THANK YOU, nisiprius. While I don't think this scenario would allow the policy to lapse since it is paid off in three years, I appreciate knowing this should my sons get a visit from an insurance agent. But you make a salient point regarding dividends. You have clearly explained how the S&P 500 ...
by teacher
Sat Aug 01, 2015 9:38 am
Forum: Personal Finance (Not Investing)
Topic: Is Indexed Universal Life Insurance Best Legacy?
Replies: 36
Views: 2087

Re: Is Indexed Universal Life Insurance Best Legacy?

TNL said:
You are not obligated to purchase a product that you do not want or need.

I don't feel obligated at all. I just want to give the agent the courtesy of telling him why it is not a good fit, but I need to understand the product to do that.
by teacher
Sat Aug 01, 2015 9:35 am
Forum: Personal Finance (Not Investing)
Topic: Is Indexed Universal Life Insurance Best Legacy?
Replies: 36
Views: 2087

Re: Is Indexed Universal Life Insurance Best Legacy?

Are they incapable of handling money? Couldn't you just give them the money now or will it at your death? Perhaps a trust of some kind would make sense. Neither son is in debt and they both budget well. One has invested with my help; the other just started investing in a Target Date fund and has a ...
by teacher
Sat Aug 01, 2015 9:07 am
Forum: Personal Finance (Not Investing)
Topic: Is Indexed Universal Life Insurance Best Legacy?
Replies: 36
Views: 2087

Re: Is Indexed Universal Life Insurance Best Legacy?

Pensions and social security are at risk. It would be a comfort to know they have guaranteed income to supplement what they save on their own. (An annuity would only be a small portion of their legacy.)
by teacher
Sat Aug 01, 2015 8:53 am
Forum: Personal Finance (Not Investing)
Topic: Is Indexed Universal Life Insurance Best Legacy?
Replies: 36
Views: 2087

Is Indexed Universal Life Insurance Best Legacy?

First, I want to preface this with the fact that my parents died “insurance poor”. They could not pay premiums in their later years so the policies lapsed. In their day, people did not invest in the stock market as much as buy life insurance. My father was intelligent, but information about investin...
by teacher
Tue Jul 07, 2015 9:58 am
Forum: Personal Consumer Issues
Topic: Amish furniture maker recommendation
Replies: 26
Views: 2300

Re: Amish furniture maker recommendation

That explains why the pieces seem identical. Maybe they just go through a broker as you indicated DTSC. I have no doubt the furniture is actually made by the Amish. I would love to visit their factory. Their outfit is in OH, just over two hours from my sister in PA. That's a little more than going f...
by teacher
Tue Jul 07, 2015 9:01 am
Forum: Personal Consumer Issues
Topic: Amish furniture maker recommendation
Replies: 26
Views: 2300

Re: Amish furniture maker recommendation

Yesterday afternoon, stain samples I had ordered from "Online Amish Furniture" came in the mail, and one matches our new cabinets perfectly. Last night, I checked out all of the Amish furniture company suggestions on this thread. Some have identical tables and chairs which makes me think t...

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