Search found 833 matches

by JoinToday
Sun Nov 03, 2019 5:47 pm
Forum: Personal Investments
Topic: Principal fees ridiculous!
Replies: 32
Views: 3142

Re: Principal fees ridiculous!

But if she wants her match she has no option😒 And she should use this option. Up to the match is a no brainer. How much after that depends on how much she can save each year. Up to the match then switch to Roth IRA is likely a good choice. I have always read you should contribute to get the match. ...
by JoinToday
Thu Oct 31, 2019 5:05 pm
Forum: Personal Investments
Topic: opinion, IA upset moving assets to Vanguard
Replies: 26
Views: 1943

Re: opinion, IA upset moving assets to Vanguard

I didn't read all the previous responses, but I agree with part of what I read, and partially disagree with some: 1. Agree: move the IRA funds to Vanguard. No question about this 2. Partially Disagree: For the after tax money with capital gains: I faced this same question when I sold ALL of my after...
by JoinToday
Sun Oct 27, 2019 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: Inheritance question
Replies: 18
Views: 2296

Re: Inheritance question

... I'd pay a CPA $200 for 30-45 min of their time to get a clear answer in email. Generally good advice from previous posters. I do not believe the gift tax is not applicable for inheritances. (but I am not a CPA/tax person) I would not hire a CPA at this time. Just wait for the K-1 to arrive at t...
by JoinToday
Sun Oct 27, 2019 12:34 pm
Forum: Personal Investments
Topic: I’m done with index funds
Replies: 201
Views: 20535

Re: I’m done with index funds

I am not buying the $50K per million every year unless the OP is still buying a lot of stock. 1. I had a lot of opportunities to tax loss harvest when I initially bought index funds. But eventually, stock prices go up, and now my cost basis is low compared to the current value. I no longer have the ...
by JoinToday
Fri Oct 25, 2019 10:08 am
Forum: Personal Consumer Issues
Topic: Security camera questions
Replies: 10
Views: 1208

Re: Security camera questions

... I use BlueIris software on a PC but DVRs will be similar and all of them should allow you view the remote recordings and fast forward/rewind them via a remote PC or phone app. My PC based recorder runs for months without any interaction from me so being remote is not a problem though I acknowle...
by JoinToday
Mon Sep 23, 2019 12:14 am
Forum: Personal Finance (Not Investing)
Topic: Trust Services
Replies: 204
Views: 24880

Re: Trust Services

...... Also they can never seem to estimate how much their suggested portfolio will return, so I can estimate how much they are going to lose ..... If you weren't distributing anything from the trust: 72 / ER = number of years for the advisor + funds to take one half (50%) of your assets 42 / ER = ...
by JoinToday
Sat Sep 21, 2019 1:03 am
Forum: Personal Investments
Topic: Withdrawal Approach
Replies: 29
Views: 2443

Re: Withdrawal Approach

I think what you are doing is market timing (on a small scale). Taking money out of the market when it "appears" like the market has done well and you feel like the market is going to under perform in the future is market timing. If this helps you stay the course or lets you sleep well at night, it...
by JoinToday
Sat Sep 21, 2019 12:59 am
Forum: Personal Investments
Topic: Withdrawal Approach
Replies: 29
Views: 2443

Re: Withdrawal Approach

..... Just choose an Equities/Bonds asset allocation that you can live with such as 60/40 for the rest of your life. Withdraw in a tax-efficient manner and rebalance in a tax-efficient manner. What livesoft posted is the essence of what you need to do. Not a lot of words, but the message speaks vol...
by JoinToday
Fri Sep 20, 2019 12:49 pm
Forum: Personal Investments
Topic: Withdrawal Approach
Replies: 29
Views: 2443

Re: Withdrawal Approach

I think what you are doing is market timing (on a small scale). Taking money out of the market when it "appears" like the market has done well and you feel like the market is going to under perform in the future is market timing. If this helps you stay the course or lets you sleep well at night, it...
by JoinToday
Fri Sep 20, 2019 11:50 am
Forum: Investing - Theory, News & General
Topic: Vanguard PAS -- one size fits all?
Replies: 19
Views: 2721

Re: Vanguard PAS -- one size fits all?

https://institutional.vanguard.com/iam/pdf/CIRAVOA.pdf shows before and after for clients who signed up with Vanguard PAS. Customers who were aggressive moved to roughly 60/40 with 1/3 international. Clients who were conservative moved to roughly 60/40 with 1/3 international. For this, they paid 0....
by JoinToday
Fri Sep 20, 2019 11:37 am
Forum: Personal Investments
Topic: Withdrawal Approach
Replies: 29
Views: 2443

Re: Withdrawal Approach

..... On average, cash is the lowest return asset class, so there is no reason for a retiree to have cash. I pay most expenses with a credit card that I pay off monthly and thus carry no debt. I get the money to pay off the credit card from quarterly dividends or selling shares of equity funds in m...
by JoinToday
Wed Sep 18, 2019 1:14 pm
Forum: Personal Investments
Topic: Withdrawal Approach
Replies: 29
Views: 2443

Re: Withdrawal Approach

I think what you are doing is market timing (on a small scale). Taking money out of the market when it "appears" like the market has done well and you feel like the market is going to under perform in the future is market timing. If this helps you stay the course or lets you sleep well at night, it ...
by JoinToday
Fri Aug 30, 2019 12:40 am
Forum: Personal Consumer Issues
Topic: How to clean baked on "carbon" from corners of old cookie sheets
Replies: 27
Views: 2241

Re: How to clean baked on "carbon" from corners of old cookie sheets

Gary Guss wrote:
Thu Aug 29, 2019 11:40 pm
Easy Off Oven Cleaner will take it right off
I don't think Easy Off oven cleaner is good with aluminum. Do a google search

I just use with the baked on carbon.
by JoinToday
Sun Aug 18, 2019 11:58 am
Forum: Personal Finance (Not Investing)
Topic: Distribution of estate to children
Replies: 18
Views: 2406

Re: Distribution of estate to children

...... I am a teacher and get estate planning through my union benefit. It includes a will, POA, health proxy and if needed a testamentary trust. Is a testamentary trust what we are taking about in this thread? Right now I’m filling out the legal security package before meeting with the attorneys. ...
by JoinToday
Sun Aug 18, 2019 12:38 am
Forum: Personal Finance (Not Investing)
Topic: Distribution of estate to children
Replies: 18
Views: 2406

Re: Distribution of estate to children

Do a search for posts by bsteiner We have our trust set up as Bruce recommends. Our assets go into trust for the benefit of child. Heir(s) is co-trustee, with the other trustee having complete discretion over distributions. Provides protection for lawsuits, divorce, and some limited protection again...
by JoinToday
Sat Aug 17, 2019 1:16 am
Forum: Investing - Theory, News & General
Topic: Asset location: bonds belong in taxable
Replies: 70
Views: 7284

Re: Asset location: bonds belong in taxable

Choosing a mirrored asset allocation in all accounts is similar. It might not be optimal , but it's mathematically guaranteed not to be the worst choice. It's a simple and good enough asset location strategy. Actually, it comes with advantages: it eliminates the need for tax-adjusting the asset all...
by JoinToday
Thu Jul 25, 2019 3:20 pm
Forum: Personal Investments
Topic: 60/40 Portfolio Rebalance During Recessions/Down Market
Replies: 15
Views: 1815

Re: 60/40 Portfolio Rebalance During Recessions/Down Market

1) I did not have the guts to do so during 2008-2009. That's just a plain statement of fact. 2) There have been some discussions of this and I've tried some spreadsheet simulations, and you should, too. The theoretical fear, which I've called "rebalancing suckage," was discussed at length here: Van...
by JoinToday
Mon Jul 22, 2019 3:31 pm
Forum: Investing - Theory, News & General
Topic: Optimized Roth Conversion Model
Replies: 39
Views: 4938

Re: Optimized Roth Conversion Model

You have to run it through the year when your beneficiaries have to take their last required distributions. I think the benefit of no required distributions from the Roth during lifetime is the second largest benefit, and the largest benefit is that by paying the tax on the conversion out of other ...
by JoinToday
Sun Jul 21, 2019 10:42 pm
Forum: Personal Finance (Not Investing)
Topic: When family members fight over the check when out to eat
Replies: 103
Views: 8549

Re: When family members fight over the check when out to eat

.... However, recently, I took an old friend and his wife out to eat at a very pricey restaurant. They ran up a monster bill while I sat and ate a more simple meal. This has happened twice. IMHO very uncool. ..... My father in law used to always pay when going out to eat, and sometimes his wife's (...
by JoinToday
Sun Jul 21, 2019 6:00 pm
Forum: Personal Consumer Issues
Topic: 2019 Honda Fit - Anyone experiencing horrific whistling sound when front windows open >45mph?
Replies: 35
Views: 2376

Re: 2019 Honda Fit - Anyone experiencing horrific whistling sound when front windows open >45mph?

How did you get a Honda Fit up to 45 mph? :P More importantly, why are you (OP, not Trism) driving 45 mph with your window open? I hope I don't violate forum guidelines regarding religion ( :wink: ), but God gave us air conditioning for a reason. (Please, don't tell me you bought a car without AC! ...
by JoinToday
Wed Jul 17, 2019 9:07 pm
Forum: Personal Investments
Topic: 83 y.o. widow requesting assistance with AA
Replies: 19
Views: 2160

Re: 83 y.o. widow requesting assistance with AA

Don't forget about a stepped up basis for the assets. The tax bite for selling assets may not be as bad as you might think. I believe joint property gets 50% stepped up basis. [NOTE: In community property states like California (NOT Maryland), joint property and community property gets 100% stepped ...
by JoinToday
Mon Jul 01, 2019 6:45 pm
Forum: Investing - Theory, News & General
Topic: Best Re-balance method
Replies: 19
Views: 1600

Re: Best Re-balance method

OP: What are you trying to achieve by rebalancing?

the rebalancing bonus (enhanced return) is not large unless the rebalancing point is large (>>5%)
by JoinToday
Sun Jun 23, 2019 1:03 am
Forum: Personal Finance (Not Investing)
Topic: Opening a trust for child's annual gifted amount
Replies: 37
Views: 2992

Re: Opening a trust for child's annual gifted amount

I looked into IDGT (Intentionally Defective Grantor Trust) previously. [My trust attorney said she didn't do them (WHAT? :shock: ). Said they were too hard to explain to clients. She gave me a few names of attorneys who might be able to help me out. Maybe she was blowing me off, didn't like the guid...
by JoinToday
Thu Jun 13, 2019 10:20 pm
Forum: Personal Investments
Topic: DIY for UHNW
Replies: 55
Views: 6554

Re: DIY for UHNW

... 5. Another option: Vanguard PAS, 0.3% fee. ... They're 0.3% on the first $5 million, but less above $5 million. It's 0.2% from $5 million to $10 million, 0.1% from $10 million to $25 million, and 0.05% above $25 million: https://investor.vanguard.com/financial-advisor/financial-advisor-fees. So...
by JoinToday
Thu Jun 13, 2019 12:04 pm
Forum: Personal Investments
Topic: DIY for UHNW
Replies: 55
Views: 6554

Re: DIY for UHNW

....anecdotally, one comment I saw yesterday in another post was discouraging someone to go the DIY route with a smaller portfolio than mine). ... I tend to think that I know what I'm doing and that I have a pretty good understanding of asset allocation, tax efficiency, etc. but Morgan Stanley do a...
by JoinToday
Sun Jun 02, 2019 11:51 pm
Forum: Personal Consumer Issues
Topic: Now that we know we're just digital prey, tell me about ad blockers and other apps and which ones are best
Replies: 35
Views: 4040

Re: Now that we know we're just digital prey, tell me about ad blockers and other apps and which ones are best

... Google has been tracking nearly everything you buy online — see for yourself with this tool ... Actions I'm taking 1) more private browsers 2) rethinking web email accounts with privacy in mind 3) Alternate search engines like http://duckduckgo.com , http://qwant.com and http://startpage.com I ...
by JoinToday
Wed May 29, 2019 6:50 pm
Forum: Investing - Theory, News & General
Topic: G fund
Replies: 19
Views: 3266

Re: G fund

cresive wrote:
Wed May 29, 2019 6:01 pm
....
LOL,
Thank you! I totally forgot about taxes in this scenario. I will have to recalculate my numbers.

Stupid me!!
:shock:
That's funny. I thought about including the tax aspect, but figured you had to know about the taxes, given it was with your retirement funds.
by JoinToday
Wed May 29, 2019 5:53 pm
Forum: Investing - Theory, News & General
Topic: G fund
Replies: 19
Views: 3266

Re: G fund

G fund is equivalent to cash or better than cash. Do you have restrictions on withdrawing the funds? (over 59.5, number or withdrawals per year?). Only other thing I can think of is that it may not be immediately available, like a MMF. How long does it take to get money from the G fund? Do you get a...
by JoinToday
Sat May 18, 2019 9:22 pm
Forum: Investing - Theory, News & General
Topic: 4%rule
Replies: 18
Views: 2409

Re: 4%rule

Yes it is.
by JoinToday
Thu May 09, 2019 11:55 am
Forum: Personal Consumer Issues
Topic: Wooden double hung windows are stuck
Replies: 12
Views: 907

Re: Wooden double hung windows are stuck

Maybe painted with Latex paint?

consider painting final coat with a non-latex clear coat (poly urethane maybe). or use oil based (alkyd) paint

I used the polyurethane as a final coat on shelves to address the sticking issue.
by JoinToday
Wed May 08, 2019 7:48 pm
Forum: Personal Consumer Issues
Topic: High Humidity in Sunroom
Replies: 33
Views: 1679

Re: High Humidity in Sunroom

Cover the hot tub so the water can't evaporate & fill the room. The better the seal, the lower the humidity.
by JoinToday
Fri May 03, 2019 1:41 am
Forum: Personal Investments
Topic: Fire my financial advisor now or later? (recent windfall help needed)
Replies: 61
Views: 7175

Re: Fire my financial advisor now or later? (recent windfall help needed)

Initiated the transfer to Vanguard yesterday and already have 2 voicemails on my phone from Merrill Lynch.... gonna have to stay strong and stick to my guns! Congratulations. I was a little unsure of myself when I started doing the investing by myself. Moving $100's of $K made me nervous at first. ...
by JoinToday
Fri May 03, 2019 1:17 am
Forum: Personal Investments
Topic: Company IPO'd. What's Next?
Replies: 37
Views: 4297

Re: Company IPO'd. What's Next?

..... My equity is worth about $4M. I've been chatting with some private wealth management groups at some of the typical banks (ME, MS, GS, etc.) that charge ~0.7-1%/year in fees. ..... 0.7% - 1.0% of $4M is $28K - $40K per year. Every year. I am anal about my investments, takes me 10 minutes per m...
by JoinToday
Fri Apr 19, 2019 10:30 am
Forum: Personal Investments
Topic: Fire my financial advisor now or later? (recent windfall help needed)
Replies: 61
Views: 7175

Re: Fire my financial advisor now or later? (recent windfall help needed)

... My question pertains to how I ought to invest a recent windfall of $150k. .... .... I have connections to Merrill Lynch through my family, who have used them as investment advisors for generations. Because of this, my AUM fee is supposedly much lower than a typical client of my current net wort...
by JoinToday
Sat Apr 06, 2019 9:58 pm
Forum: Personal Investments
Topic: Vanguard Checkwriting Account
Replies: 20
Views: 2440

Re: Vanguard Checkwriting Account

Kinda curious. What happens if you write a check for 249.99 and write "limits LOL" in the memo field? They will honor it anyway. The $250 limit is more of a request, and I try to honor that. However, if you write a check for less than that, it will go through without issue, according to my Flagship...
by JoinToday
Thu Apr 04, 2019 11:46 am
Forum: Personal Investments
Topic: Taxes and Roth conversions
Replies: 11
Views: 757

Re: Taxes and Roth conversions

I pay estimated taxes and pay 4 equal payments each quarter, even though my Roth conversion is done in January. I believe this is OK. I certainly would recommend against doing things that way, but it might be ok, depends on the numbers. The only way to tell is with Form 2210 which you should be fil...
by JoinToday
Thu Apr 04, 2019 11:14 am
Forum: Personal Investments
Topic: Taxes and Roth conversions
Replies: 11
Views: 757

Re: Taxes and Roth conversions

OP, I find it much easier to NEVER HAVE TAXES TAKEN from my Pensions or Roth Conversions. Use TaxCaster, TurboTax, or manual method to estimate taxes so I can properly budget them. If my income is similar or greater than last year, I use a safe harbor provision, in my case it’s 110% of 2018 taxes f...
by JoinToday
Tue Apr 02, 2019 7:12 pm
Forum: Personal Finance (Not Investing)
Topic: 11-year old with iPhone - advice on how best to manage?
Replies: 68
Views: 5141

Re: 11-year old with iPhone - advice on how best to manage?

I would urge parents here to read "Digital Minimalism" by Cal Newport. He has some interviews online if you are interested. The social media is not a positive development. It is designed to be addictive. Bad for kid's (in particular) mental health when they spend hours per day on it. It changes the ...
by JoinToday
Tue Apr 02, 2019 12:47 am
Forum: Personal Consumer Issues
Topic: Repair Bosch Dishwasher or Buy New?
Replies: 35
Views: 3549

Re: Repair Bosch Dishwasher or Buy New?

Mine is approx 18 or 20 years old, exact same problem/symptoms as hoeboe saw. Relay for the heating element on the control board had some cracked solder joints. I fixed it twice. Now that you mention it, my dishwasher is probably due for another "fix". It is a design error in my opinion -- pins on t...
by JoinToday
Sun Mar 31, 2019 8:10 pm
Forum: Personal Finance (Not Investing)
Topic: Estimated Quarterly Taxes Question?
Replies: 6
Views: 955

Re: Estimated Quarterly Taxes Question?

If 2018 you paid $30,500, and in 2019 you are having $39,000 withheld, you will not incur any penalty.

I am paying around $50K for my tax payment before April 15. I owe no penalty because of the safe harbor rules.
by JoinToday
Sun Mar 31, 2019 7:41 pm
Forum: Personal Investments
Topic: Precarious situation?
Replies: 24
Views: 2418

Re: Precarious situation?

.... If I predecease my husband, my 401(k) and IRAs go into trust for him (and vice versa). The secondary beneficiary of those trusts are our kids. .... (I am not a lawyer, so my understanding below may not be correct) Your 401k goes to a trust, for the benefit of your husband, is this correct? And...
by JoinToday
Sun Mar 31, 2019 12:09 pm
Forum: Personal Investments
Topic: Precarious situation?
Replies: 24
Views: 2418

Re: Precarious situation?

1. What state do you live in? Inheritance & probate laws differ for various states. Calif is not probate friendly. 2. The odds of both of you dying at the same time is pretty low, but not zero. The house is the only thing that sticks out to me as an obvious issue. 3. Rough size of assets? The more $...
by JoinToday
Mon Mar 25, 2019 1:59 am
Forum: Personal Investments
Topic: Regarding allocation and Roth conversion appropriateness
Replies: 9
Views: 914

Re: Regarding allocation and Roth conversion appropriateness

.... My age is 58, my Spouse is 54. Asset allocation desired, is part of the question and I am going to say 80/20. Currently 96/4. Desired International allocation of at least 30% ..... Are you sure you want an 80:20 asset allocation, especially at age 58/54? I am 60:40, early 60's. I think it was ...
by JoinToday
Sat Mar 23, 2019 7:24 pm
Forum: Personal Investments
Topic: High Tax bracket strategies
Replies: 49
Views: 5527

Re: High Tax bracket strategies

Another thing I do (for the most part): Do not keep money market fund for emergency in after tax account. MMF is not tax efficient. Dividends from Total Stock Market Index are taxed lower than MMF dividends if held in an after tax account. It is all about tax efficiency -- this isn't a big savings, ...
by JoinToday
Sat Mar 23, 2019 7:12 pm
Forum: Personal Investments
Topic: High Tax bracket strategies
Replies: 49
Views: 5527

Re: High Tax bracket strategies

When I make gifts to kids, I transfer mutual fund shares with a low cost basis, especially if they make less than approximately $100K, where LTCG tax rate is 0%. Results in no Fed tax on the gains. This is useful when gifting $15K x 4 = $60K in a given year (husband and wife gifting $15K each to chi...
by JoinToday
Thu Mar 14, 2019 1:08 am
Forum: Personal Investments
Topic: Should we pay down 4% loan more quickly or invest in bonds?
Replies: 42
Views: 3377

Re: Should we pay down 4% loan more quickly or invest in bonds?

Is there anything that leads you to believe he will be in a lower tax bracket later? A more likely scenario is that their income goes up into the 32% bracket. At that point, he would have been better off if he paid off the loan now, so they can save even more in retirement accounts to avoid paying ...
by JoinToday
Wed Mar 13, 2019 10:42 pm
Forum: Personal Investments
Topic: Should we pay down 4% loan more quickly or invest in bonds?
Replies: 42
Views: 3377

Re: Should we pay down 4% loan more quickly or invest in bonds?

Is there anything that leads you to believe he will be in a lower tax bracket later? A more likely scenario is that their income goes up into the 32% bracket. At that point, he would have been better off if he paid off the loan now, so they can save even more in retirement accounts to avoid paying ...
by JoinToday
Wed Mar 13, 2019 10:31 pm
Forum: Personal Finance (Not Investing)
Topic: Can a trustee pay an irrevocable trust's taxes on behalf of the trust via personal check?
Replies: 11
Views: 867

Re: Can a trustee pay an irrevocable trust's taxes on behalf of the trust via personal check?

I am not a lawyer, but have been trustee on a couple trusts. 1. I don't understand why you don't get checks issued. Vanguard gave me checks for the trust I currently manage, and said they were OK if I had checks less than $250. (I said I only had a couple checks per year). I have dividends deposited...
by JoinToday
Wed Mar 13, 2019 10:07 pm
Forum: Personal Investments
Topic: Should we pay down 4% loan more quickly or invest in bonds?
Replies: 42
Views: 3377

Re: Should we pay down 4% loan more quickly or invest in bonds?

Not putting away money into a pre-tax retirement account at your high tax bracket and putting it into debt is an emotional mistake. Sure being debt free feels good, but we should strive to take emotions out of investing instead of encouraging inferior emotional decision. What is the "emotional mist...
by JoinToday
Wed Mar 13, 2019 9:07 pm
Forum: Personal Investments
Topic: Another Roth conversion question
Replies: 12
Views: 1192

Re: Another Roth conversion question

..... In 10 years, I *think* I will just need to pay taxes on the $50,000 and the gains on it (and not the $60,000 I contribute and those gains)? My main point in thinking about Roth is to have money that grows untouched, doesn't force me to take RMDs, and gets passed down to child without contribu...