Search found 68 matches

by texasgal47
Mon Apr 30, 2018 3:15 pm
Forum: Personal Finance (Not Investing)
Topic: How would you handle a request for money from a niece?
Replies: 89
Views: 6848

How would you handle a request for money from a niece?

I'm the caregiver for my 90 year old mother and watch her finances like a hawk. Her granddaughter has asked her for $100 as her side work has temporarily dropped way off. Mom was widowed 16 months ago so her income is substantially reduced. Mom purchased a small condo close to me. We have yet to sel...
by texasgal47
Sun Mar 11, 2018 2:06 pm
Forum: Local Chapters and Bogleheads Community
Topic: New Woodlands, Texas Local Chapter
Replies: 23
Views: 4304

Re: New Woodlands, Texas Local Chapter

I'm far NE suburb (KIngwood) and would be interested in attending if a Houston chapter doesn't begin soon.
by texasgal47
Sat Mar 10, 2018 3:42 pm
Forum: Personal Consumer Issues
Topic: Can I install a new kitchen?
Replies: 19
Views: 1743

Re: Can I install a new kitchen?

Suggest you post kitchen remodeling questions to gardenweb.com. Go to the Home forum section, and then click on Kitchens. That is analogous to the Bogleheads website -- kitchen gurus and some pros volunteering their time and expertise to assist others. That website had a huge impact on my kitchen re...
by texasgal47
Sat Mar 10, 2018 3:28 pm
Forum: Local Chapters and Bogleheads Community
Topic: Houston Chapter
Replies: 59
Views: 12675

Re: Houston Chapter

Anymore takers for a Houston chapter? Thanks
by texasgal47
Sat Mar 10, 2018 3:21 pm
Forum: Investing - Help with Personal Investments
Topic: Should I wait until the end of March to sell VBILX?
Replies: 18
Views: 1566

Re: Should I wait until the end of March to sell VBILX?

Thanks welderwannabe for the recommendation. Will give the fund a serious look. I know Warren Buffett recommended Short-term treasuries for a 90/10 allocations which is the AA held in Roth iras for heirs.
by texasgal47
Fri Mar 09, 2018 4:22 pm
Forum: Local Chapters and Bogleheads Community
Topic: Houston Chapter
Replies: 59
Views: 12675

Re: Houston Chapter

I'm in -- coming from far NE (north of IAH) off I-59 so central Houston location is needed. Lowbrow, near Menil works best for me as it's near 59.
by texasgal47
Thu Mar 08, 2018 9:14 pm
Forum: Investing - Help with Personal Investments
Topic: Should I wait until the end of March to sell VBILX?
Replies: 18
Views: 1566

Re: Should I wait until the end of March to sell VBILX?

Thanks everyone for your posts and advice. Think I'll sell for now and buy back when interest rates stabilize in the future.
by texasgal47
Thu Mar 08, 2018 8:47 pm
Forum: Investing - Theory, News & General
Topic: Why International again?
Replies: 224
Views: 19954

Re: Why International again?

Another poster here who agrees with Jack Bogle and does not like the increased portfolio volatility with international. I, too, had 20% international per Vanguard's recommendation, waited three years to think it through, then sold it all and have no regrets.
by texasgal47
Thu Mar 08, 2018 8:21 pm
Forum: Investing - Help with Personal Investments
Topic: Should I wait until the end of March to sell VBILX?
Replies: 18
Views: 1566

Re: Should I wait until the end of March to sell VBILX?

PFInterest, I agree with you on both counts. It would also be easier to rebalance by eliminating one fund.
by texasgal47
Thu Mar 08, 2018 8:07 pm
Forum: Investing - Help with Personal Investments
Topic: Should I wait until the end of March to sell VBILX?
Replies: 18
Views: 1566

Re: Should I wait until the end of March to sell VBILX?

Sorry folks, my original post had Tot Stk index Fund Adm as the replacement fund. It should have read Tot Bnd Indx Fd Adm. Why do I want to replace? Roth accounts are for heirs so have very aggressive AA based on their current ages (85/15) in those accounts only. With so few bonds in the Roth, I wan...
by texasgal47
Thu Mar 08, 2018 7:03 pm
Forum: Investing - Help with Personal Investments
Topic: Should I wait until the end of March to sell VBILX?
Replies: 18
Views: 1566

Should I wait until the end of March to sell VBILX?

I want to sell VBILX (Intermediate Bnd Indx Fd Adm) and replace with Tot Bond Indx Fd Adm (VBTLX). Is the next interest rate increase already baked into the current VBILX stock price? The federal reserve next meets March 20 & 21.
by texasgal47
Thu Mar 08, 2018 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: Another "Should I self-insure" for LTC Question
Replies: 119
Views: 7185

Re: Another "Should I self-insure" for LTC Question

Just want to add that the LTCi premium did help in reaching the threshold for using medical deductions on Federal income tax this year. However, I learned that the IRS caps the amount of the insurance that can be deducted per age group, along with a small continuing increase for inflation. For filer...
by texasgal47
Thu Mar 08, 2018 4:24 pm
Forum: Personal Finance (Not Investing)
Topic: Another "Should I self-insure" for LTC Question
Replies: 119
Views: 7185

Re: Another "Should I self-insure" for LTC Question

This is the OP here. I have read and reread all posts and references. WoW, you accurately predicted my decision. Yesterday a.m. I decided to continue with the insurance with full benefits intact and paid the premium. Here are the factors that went into my decision: -- By far the greatest influence i...
by texasgal47
Mon Mar 05, 2018 8:48 pm
Forum: Personal Finance (Not Investing)
Topic: Estimated Taxes
Replies: 19
Views: 1727

Re: Estimated Taxes

Are you using turbo tax? If so, the program will lead you to the dreaded Publication 2210 where your unequal income can be justified. I've had to go through that Malarky in 2016 and again this year even though ES taxes paid well exceeded taxes owed. There were no underpayment penalties either year. ...
by texasgal47
Mon Mar 05, 2018 8:32 pm
Forum: Personal Consumer Issues
Topic: Painter did a sloppy job -- seeking advice on next steps
Replies: 28
Views: 2903

Re: Painter did a sloppy job -- seeking advice on next steps

My first paint job was a room with a ceiling that was 14 ft. at one end and 8 ft. at the other. I did it solo in my early 60's and used painter's tape at the edges. It took almost a whole day but gave professional results. If this old lady can do it, anyone can (frugal Boglehead here). Another lesso...
by texasgal47
Mon Mar 05, 2018 7:14 pm
Forum: Personal Finance (Not Investing)
Topic: Another "Should I self-insure" for LTC Question
Replies: 119
Views: 7185

Re: Another "Should I self-insure" for LTC Question

Westrich, I agree. Chris C, your comments and intelligent and thought provoking. It's just that I think these premiums will continue to more than double every 10 years. No new policies have been sold since 2012 and the insured are all rapidly aging leaving the burden of increased costs within a rest...
by texasgal47
Mon Mar 05, 2018 6:43 pm
Forum: Personal Finance (Not Investing)
Topic: Another "Should I self-insure" for LTC Question
Replies: 119
Views: 7185

Re: Another "Should I self-insure" for LTC Question

Wrongfunds, "no limit" is probably incorrect phrasing. There is no limit on the number of years that the 5% inflation will continue. If the insured lives to 103 and meets policy criteria for triggering payouts, the Maximum Benefit will continue to increase accordingly, as long as the current premium...
by texasgal47
Mon Mar 05, 2018 5:43 pm
Forum: Personal Finance (Not Investing)
Topic: Another "Should I self-insure" for LTC Question
Replies: 119
Views: 7185

Re: Another "Should I self-insure" for LTC Question

pintail07, you are correct. There is no cap on the maximum benefit per a call I just made to my LTCi company. Can you tell me more about the cost of a one time payment for an asset based plan, with lifetime benefits, and most of the premium returned if no claims? If I renew my policy this year, unch...
by texasgal47
Mon Mar 05, 2018 3:31 pm
Forum: Personal Finance (Not Investing)
Topic: Another "Should I self-insure" for LTC Question
Replies: 119
Views: 7185

Re: Another "Should I self-insure" for LTC Question

Ok, I'm calling the insurance company and will report back with specifics regarding your policy questions. I can tell you that my premiums began at $3000. stayed level for 5 or 6 years, then increased to $3100 and remained stable until this year. Husband was already deceased so that rate was just fo...
by texasgal47
Mon Mar 05, 2018 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: Another "Should I self-insure" for LTC Question
Replies: 119
Views: 7185

Re: Another "Should I self-insure" for LTC Question

To provide more portfolio information regarding my specific situation, the portfolio portion at this time for my two heirs is $400,000 in r-ira with an 85/15 AA for that portion only. $860,000 is in t-ira which I consider for my retirement and ltc costs, invested at a 40/60 AA in that account. In ta...
by texasgal47
Sun Mar 04, 2018 11:33 pm
Forum: Investing - Help with Personal Investments
Topic: dad insists on gifting me all his money- help!
Replies: 23
Views: 4441

Re: dad insists on gifting me all his money- help!

Another +1 for seeking legal advice. This is extremely complicated stuff. There may also be good options you and your father may not be aware of without expert council. By the way, I would seek a lawyer who is board certified in elder law. Many who claim that title are not.
by texasgal47
Sun Mar 04, 2018 11:17 pm
Forum: Personal Finance (Not Investing)
Topic: Another "Should I self-insure" for LTC Question
Replies: 119
Views: 7185

Re: Another "Should I self-insure" for LTC Question

Dear Cheese, thank you for taking the time to share the other side of life when things go terribly wrong. Please accept my "hug" across cyberspace for the terrible situation you and your wife now face. Stage 4 brain cancer claimed my dear husband's life so I do have some idea what life is like when ...
by texasgal47
Sun Mar 04, 2018 8:27 pm
Forum: Personal Finance (Not Investing)
Topic: Another "Should I self-insure" for LTC Question
Replies: 119
Views: 7185

Another "Should I self-insure" for LTC Question

I'm 71 yr. old widow and am seriously considering dropping the LTC policy I've had since age 59 and self-insuring. Both parents have lived into their 90's with a good quality of life so good genes are on my side. My health status has remained unchanged since the policy was purchased. Physicians Mutu...
by texasgal47
Thu Aug 04, 2016 11:34 am
Forum: Personal Finance (Not Investing)
Topic: Gifting equally when children are in very different tax brackets?
Replies: 19
Views: 3005

Re: Gifting equally when children are in very different tax brackets?

Thanks House Blend. Unemployed son and wife #2 each have their own income separate from rentals apart from son's usual employment. He should have enough income for a $5500 gift to r-ira, but I'll check to verify.
by texasgal47
Thu Aug 04, 2016 3:13 am
Forum: Personal Finance (Not Investing)
Topic: Marriage, budgeting, and taxable accounts
Replies: 41
Views: 3589

Re: Marriage, budgeting, and taxable accounts

+1 on every comment made by Toons, especially the statement, "Two people working together can accomplish more than 20 who don't." My late husband and I also worked together as a team for the 36 years of our marriage -- through thick and thin, the good, the bad, and the ugly. We were a joint partners...
by texasgal47
Thu Aug 04, 2016 2:18 am
Forum: Personal Finance (Not Investing)
Topic: Gifting equally when children are in very different tax brackets?
Replies: 19
Views: 3005

Re: Gifting equally when children are in very different tax brackets?

I had an open discussion with the son and his wife (in the lower tax bracket) yesterday. They are both happy to invest theirs in a Roth contribution as he made regular contributions when employed. The other son's financial picture is more complicated. The contributor is right. I probably am being ov...
by texasgal47
Tue Aug 02, 2016 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: Gifting equally when children are in very different tax brackets?
Replies: 19
Views: 3005

Re: Gifting equally when children are in very different tax brackets?

I'm considering gifting gold bullion which has a basis of $414 per market value on date of death of their father. If I want to fund the $5500 Roth contribution for each, it would seem that impact of taxes would be factor in calculating the amount given to each to arrive at the $5500 AFTER taxes are ...
by texasgal47
Mon Aug 01, 2016 7:08 pm
Forum: Personal Finance (Not Investing)
Topic: Gifting equally when children are in very different tax brackets?
Replies: 19
Views: 3005

Gifting equally when children are in very different tax brackets?

Should gifting equally infer gross amount or net amount after taxes?

Background: One son has been laid off and is in 15% bracket this year :shock: , the other is in 33% bracket :mrgreen: ?

Thanks in advance for your assistance.
by texasgal47
Mon Aug 01, 2016 4:58 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with MM funds in taxable account?
Replies: 4
Views: 740

Re: What to do with MM funds in taxable account?

Three excellent responses which I have taken the time to mull over. Engineer250, my older son, the father of the two grandchildren, is dealing with a greedy ex-wife who went so far has to sue him for additional child support as soon as he was laid off this year (related to the energy downturn). Inst...
by texasgal47
Mon Aug 01, 2016 2:48 am
Forum: Investing - Help with Personal Investments
Topic: What to do with MM funds in taxable account?
Replies: 4
Views: 740

What to do with MM funds in taxable account?

Over the past 3 years I had distributions in my taxable account placed in a MM account for possible future living expenses. My parents are quite aged, and I didn't know when I would need to retire to assist them to a greater extent. As it turned out, I retired a few months ago but will not need the ...
by texasgal47
Sun May 12, 2013 12:53 am
Forum: Investing - Help with Personal Investments
Topic: Yikes, Vanguard CFP rec. 20% bonds for retirement!!!
Replies: 73
Views: 8538

Re: Yikes, Vanguard CFP rec. 20% bonds for retirement!!!

I'm sorry, but really need to know if electing to have a portion of an RMD distributed directly to charity reduces the amount of Gross income, or Adjusted Gross Income (AGI), as a tool to reduce income for the purpose of means testing. Here is an example of what I am trying to ask. Say my yearly pen...
by texasgal47
Sat May 11, 2013 4:09 pm
Forum: Investing - Help with Personal Investments
Topic: Yikes, Vanguard CFP rec. 20% bonds for retirement!!!
Replies: 73
Views: 8538

Re: Yikes, Vanguard CFP rec. 20% bonds for retirement!!!

Naikansha, VERY helpful response, thank you. -- I will probably take your suggestion as that is a fit with my budgeting yearly charitable contributions. How would this strategy factor into decreasing federal tax Gross Income and AGI? I ask because if I can avoid including the $5000 as income it woul...
by texasgal47
Fri May 10, 2013 12:52 am
Forum: Investing - Help with Personal Investments
Topic: Request Help with a Major Portfolio Overhaul
Replies: 16
Views: 1624

Re: Request Help with a Major Portfolio Overhaul

The Vanguard CFP recommended 50% stocks/50% bonds which was my own conclusion. :D Now on to finalize the other detains. He recommends 30% of stocks in international. Hmmmm, still have to look at the data. I may drift down to 22%. It seems to me international stock funds have a bad habit of big drops...
by texasgal47
Fri May 10, 2013 12:15 am
Forum: Investing - Help with Personal Investments
Topic: Yikes, Vanguard CFP rec. 20% bonds for retirement!!!
Replies: 73
Views: 8538

Re: Yikes, Vanguard CFP rec. 20% bonds for retirement!!!

If one continues working at age 70 and beyond, and has savings in a 401K, RMDs do not have to be taken from the 401K plan until the year the individual stops working. However, for funds in an IRA, RMDs must be taken beginning at age 70 1/2 regardless of employment status.
by texasgal47
Thu May 09, 2013 8:17 pm
Forum: Investing - Help with Personal Investments
Topic: Yikes, Vanguard CFP rec. 20% bonds for retirement!!!
Replies: 73
Views: 8538

Re: Yikes, Vanguard CFP rec. 20% bonds for retirement!!!

I'm 66 and my plan allows my to move all of the 401K now. The issue is the additional $5000 RMD from the 401K added on top of the other $30,000 RMD taken at age 70 1/2 bumps me into the tax bracket where more is taxed on SS and increased payments into Medicare and part D (prescription insurance). :a...
by texasgal47
Thu May 09, 2013 6:40 pm
Forum: Investing - Help with Personal Investments
Topic: Yikes, Vanguard CFP rec. 20% bonds for retirement!!!
Replies: 73
Views: 8538

Re: Yikes, Vanguard CFP rec. 20% bonds for retirement!!!

Thank you for your responses but 50/50 feels like the sweet spot for my comfort level. The only issues on the table as far as I'm concerned are: 1. Should a small amount VG REIT index fund be included in the IRA? 2. Do I move the 401K while I am still working to VG or leave in place while I'm still ...
by texasgal47
Thu May 09, 2013 11:51 am
Forum: Investing - Help with Personal Investments
Topic: Yikes, Vanguard CFP rec. 20% bonds for retirement!!!
Replies: 73
Views: 8538

Re: Yikes, Vanguard CFP rec. 20% bonds for retirement!!!

Rick51, you have a good suggestion. I'll stay with the one I spoke with yesterday. Upon reflection, a complain to VG would be inappropriate on my part. I was pleased with the consult and that's what matters. Grayfox, I'm very close to retirement but have been struggling with the idea of increasing m...
by texasgal47
Thu May 09, 2013 8:05 am
Forum: Investing - Help with Personal Investments
Topic: Fixed Income Asset Allocation
Replies: 15
Views: 2417

Re: Fixed Income Asset Allocation

What has been the annual return on VG HYBond from 2001 to 2012? I ask this after reading that Rick Ferri recommends to his clients that they hold 60% TBM + 20% TIPS Bond Fund + 20% HY Bond Fund. That leaves me wondering how annual returns would compare over the past 12 years using these allocation t...
by texasgal47
Thu May 09, 2013 12:52 am
Forum: Investing - Help with Personal Investments
Topic: Deciding How Much to put in International
Replies: 59
Views: 8979

Re: Deciding How Much to put in International

I believe the mongraph referenced above does speak about bands of approximate 10 yr. periods where different percentages of between 20% and 40% were optimal. If my recollection from the paper is correct, around 20% has been the current sweet spot for this cycle.
by texasgal47
Wed May 08, 2013 10:30 pm
Forum: Investing - Help with Personal Investments
Topic: Yikes, Vanguard CFP rec. 20% bonds for retirement!!!
Replies: 73
Views: 8538

Re: Yikes, Vanguard CFP rec. 20% bonds for retirement!!!

Well, bogleheads, it was an interesting meeting in more ways than one. Here's a recap: 1. The CFP who was scheduled "couldn't make it" (no explanation given). I was given the option to reschedule with the original CFP or to meet with the CFP who was on the line. It was my decision to continue with t...
by texasgal47
Wed May 08, 2013 12:08 am
Forum: Investing - Help with Personal Investments
Topic: Request Help with a Major Portfolio Overhaul
Replies: 16
Views: 1624

Re: Request Help with a Major Portfolio Overhaul

Thanks Duckie for your additional comments and suggestion. Your clarity is always so helpful. Rick, I had already read that discussion you referred me to and will rethink my position on corporate bonds. Charts would be helpful, thank you. I've got to stop dithering and make some decisions. My appoin...
by texasgal47
Tue May 07, 2013 7:02 pm
Forum: Investing - Help with Personal Investments
Topic: What do I do with my gold profits?
Replies: 14
Views: 1856

Re: What do I do with my gold profits?

Best of Both Worlds, I agree with your thought that it would have been better to have sold the gold and reinvested. This was my own sentiment earlier in this thread. Even with the huge run up, because of the long time frame, the current price did not reflect a large gain.
by texasgal47
Tue May 07, 2013 5:14 pm
Forum: Investing - Help with Personal Investments
Topic: Request Help with a Major Portfolio Overhaul
Replies: 16
Views: 1624

Re: Request Help with a Major Portfolio Overhaul

First I would like to begin by expressing my gratitude to all responders, but especially to LAlearning & Duckie for their astute rescommendations. Since I no longer have a spouse to bounce things off of this forum has been invaluable, in addition to the wisdom and education already dispensed my way ...
by texasgal47
Tue May 07, 2013 12:08 am
Forum: Investing - Help with Personal Investments
Topic: Yikes, Vanguard CFP rec. 20% bonds for retirement!!!
Replies: 73
Views: 8538

Re: Yikes, Vanguard CFP rec. 20% bonds for retirement!!!

I, the OP, will report back to forum Bogleheads on Wednesday what the VG CFP said re: the 20% bond allocation. He may personally believe that I need to leverage in the event of a true bond bubble. However, good points have been made here that emergency situations may require very large sums of cash ...
by texasgal47
Sun May 05, 2013 3:14 pm
Forum: Investing - Help with Personal Investments
Topic: Request Help with a Major Portfolio Overhaul
Replies: 16
Views: 1624

Re: Request Help with a Major Portfolio Overhaul

Thanks, Alearning, I edited my post to clarify. All stocks and bonds are in an IRA at VG, unless otherwise stated. All MMF are Non-IRA. Will review your recommendations tomorrow and respond. Much appreciation for your assistance. -- Texasgal
by texasgal47
Sun May 05, 2013 2:11 pm
Forum: Investing - Help with Personal Investments
Topic: Request Help with a Major Portfolio Overhaul
Replies: 16
Views: 1624

Re: Request Help with a Major Portfolio Overhaul

Hi to all Bogleheads. I have to head out to catch up on some job related work but am eager for your recommendations--Will respond tomorrow. -- Thanks -- Texasgal
by texasgal47
Sun May 05, 2013 12:08 pm
Forum: Investing - Help with Personal Investments
Topic: Request Help with a Major Portfolio Overhaul
Replies: 16
Views: 1624

Request Help with a Major Portfolio Overhaul

My portfolio was done 9 yrs. ago by a VG CFP and I'm meeting with a VG CFP next week. Portfolio size is 1.7M. $100,000 in gold coins is not being included in portfolio as haven't decided whether to keep or sell all of it. My portfolio is too complicated for my to appropriately manage. I definately n...
by texasgal47
Thu May 02, 2013 5:37 pm
Forum: Investing - Help with Personal Investments
Topic: Yikes, Vanguard CFP rec. 20% bonds for retirement!!!
Replies: 73
Views: 8538

Re: Yikes, Vanguard CFP rec. 20% bonds for retirement!!!

Huh....no moneyman, I'm not, but I am an Aggie so that should explain the slip-up. If you're fromTexas, you would understand. Thanks for the laugh at my expense. :oops: Freebeer, no I haven't discussed portfolio goals with the VG CFP. Our first personal contact is next week. To be honest, I did not ...
by texasgal47
Thu May 02, 2013 3:08 pm
Forum: Investing - Help with Personal Investments
Topic: Yikes, Vanguard CFP rec. 20% bonds for retirement!!!
Replies: 73
Views: 8538

Re: Yikes, Vanguard CFP rec. 20% bonds for retirement!!!

I was referring to both the CDs and the Fidelity fund. I just watched a late 2012 MSNBC video clip of Jack Bogle where he recommends a tilt toward corporate rather than government bonds in this challenging bond environment.