Search found 244 matches

by Misenplace
Wed Dec 12, 2018 1:19 am
Forum: Investing - Help with Personal Investments
Topic: Great Personal Loss – Guidance and Financial Questions
Replies: 36
Views: 4926

Re: Great Personal Loss – Guidance and Financial Questions

Of course this may all be academic if their estates are not pushing anywhere near up against the exclusion amounts for both federal and their state. I just don’t know.

But in my state, with OP’s assets, it’s an issue.
by Misenplace
Wed Dec 12, 2018 1:15 am
Forum: Investing - Help with Personal Investments
Topic: Great Personal Loss – Guidance and Financial Questions
Replies: 36
Views: 4926

Re: Great Personal Loss – Guidance and Financial Questions

Doesn't the unlimited spousal deduction come into effect here ? As I understand things, for the surviving spouse there is no cap on the amount that can be inherited free of estate tax ? For other people besides the spouse the estate is taxed over the cap. That's the way I understand it. Please enli...
by Misenplace
Mon Dec 10, 2018 1:12 pm
Forum: Investing - Help with Personal Investments
Topic: Great Personal Loss – Guidance and Financial Questions
Replies: 36
Views: 4926

Re: Great Personal Loss – Guidance and Financial Questions

I am so sorry for your loss. To answer your financial questions, some are pretty easy so I will take a shot: 1. I am the beneficiary for her accounts – 401(k), HSA, Roth IRA, brokerage, cash balance pension. I don’t believe that there are tax implications here with me inheriting these as her benefic...
by Misenplace
Thu Dec 06, 2018 12:38 am
Forum: Personal Consumer Issues
Topic: 2019-Toyota Camry Hybrid XLE /w JBL,Driver Assist - Negotiate
Replies: 19
Views: 1481

Re: 2019-Toyota Camry Hybrid XLE /w JBL,Driver Assist - Negotiate

Have you reviewed this post, including the replies and related links. Very useful- I used this strategy to ensure I was getting the best price possible at the time.

viewtopic.php?t=124638

Edited to add link.
by Misenplace
Thu Dec 06, 2018 12:31 am
Forum: Personal Finance (Not Investing)
Topic: Home Question, What Would You Do?
Replies: 21
Views: 2126

Re: Home Question, What Would You Do?

After echoing the almost unanimous advice to move, I have three words for you: Location, location,location. Put your home on the market ASAP, and start looking. But be picky about location for your next home. You will be there for a long time. You need to move to a better neighborhood/street- you ca...
by Misenplace
Tue Dec 04, 2018 1:30 am
Forum: Investing - Help with Personal Investments
Topic: Forgot to convert to backdoor roth
Replies: 11
Views: 1099

Re: Forgot to convert to backdoor roth

retiredjg wrote:
Mon Dec 03, 2018 2:42 pm
Do another conversion of the $7 amount. When you do your form 8606, you will enter conversion of 5,527 for the 2 conversion together. You will owe tax on $27.
+1
Easy peasy.
And do it before the end of the year.
by Misenplace
Tue Dec 04, 2018 1:23 am
Forum: Personal Finance (Not Investing)
Topic: Retirement itch- when did you get it?
Replies: 127
Views: 11828

Re: Retirement itch- when did you get it?

When my truly awesome supervisor/mentor retired early, and I was switched to report to his rival, that’s when the itch began. I gave it a chance, thinking it might have just been sibling rivalry. However, this guy was truly horrible- he really needed therapy. I was 52 or so and had golden handcuffs ...
by Misenplace
Wed Nov 28, 2018 12:47 am
Forum: Investing - Help with Personal Investments
Topic: Program to Organize All Your Investing Accounts
Replies: 8
Views: 1039

Re: Program to Organize All Your Investing Accounts

If you don't care that the free web tools/apps are likely collecting and tracking all your data and selling it to the highest bidder - you know, that whole "In the internet age, if you're not paying for the product, you ARE the product thang" (this forum being a notable exception) - perhaps those s...
by Misenplace
Tue Nov 27, 2018 9:04 pm
Forum: Investing - Help with Personal Investments
Topic: Program to Organize All Your Investing Accounts
Replies: 8
Views: 1039

Re: Program to Organize All Your Investing Accounts

Since you already have Vanguard accounts, try Portfolio Watch. I use it for rebalancing since we have half our investable assets there. I just had to add our outside accounts to the tool, and I manually update them every quarter or 6 months. Livesoft has an excellent post on this, and has also added...
by Misenplace
Mon Nov 26, 2018 6:18 pm
Forum: Investing - Help with Personal Investments
Topic: Forgot to convert to backdoor roth
Replies: 11
Views: 1099

Re: Forgot to convert to backdoor roth

I'm sure other users will correct me if I'm wrong on this, but I believe another option is to convert only $5500 and leave $20 in the tIRA. You can do that, but I would not advise it because having anything in an IRA (pre-tax, not Roth) at the end of the year subjects you to the pro-rata rule, make...
by Misenplace
Sun Nov 25, 2018 9:00 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review Request
Replies: 16
Views: 1565

Re: Portfolio Review Request

TPS_Reports77 wrote:
Sun Nov 25, 2018 3:58 pm
My spouse and I both started at 0.
The best way to start. Sounds like a keeper. You have done well. :sharebeer
by Misenplace
Sun Nov 25, 2018 12:57 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review Request
Replies: 16
Views: 1565

Re: Portfolio Review Request

Welcome! You seem to be doing great, and funding your retirement first which is as it should be. I think your asset allocation is entirely appropriate at your age (you may want to dial it back in a few years). Your mortgage is low cost, you are well on your way to paying it off, you max out all your...
by Misenplace
Mon Nov 19, 2018 9:02 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card for International Travel
Replies: 67
Views: 6472

Re: Credit Card for International Travel

I recently did this research for a relative in order to find a ‘true chip and pin’ card. In addition to the State Department Credit Union, First Tech Federal Credit Union also has pin priority MasterCards. Several different flavors. They are pretty easy to join as well. https://www.firsttechfed.com/...
by Misenplace
Sun Nov 18, 2018 10:30 pm
Forum: Investing - Help with Personal Investments
Topic: Please critique my TLH plan
Replies: 17
Views: 1594

Re: Please critique my TLH plan

I’ve read the threads and looked at the IRS publications. I agree that one should take a conservative approach, as rkhusky proposes. It’s pretty easy to be safe rather than sorry. Why take the risk?
by Misenplace
Fri Nov 16, 2018 11:53 pm
Forum: Personal Consumer Issues
Topic: Need advice on (2) jackets.
Replies: 32
Views: 2566

Re: Need advice on (2) jackets.

Patagonia responsibly sources all of their materials, never uses live plucked down, uses fair trade labor practices, does not embellish their jackets with animal fur, and is completely transparent about their supply lines. They support sustainable causes and recycling. Also, they have great sales if...
by Misenplace
Fri Nov 16, 2018 12:41 am
Forum: Investing - Theory, News & General
Topic: Investment advisors- is regulatory burden higher on fiduciaries?
Replies: 51
Views: 2158

Re: Investment advisors- is regulatory burden higher on fiduciaries?

I do have to come to greenie’s defense here. There are lots of people who just widen their eyes and can not deal with managing their own finances. If they are with someone who is only taking 1% instead of 3%, that’s a good thing. They don’t go to VG because they are not local, don’t hold their hand,...
by Misenplace
Thu Nov 15, 2018 9:59 pm
Forum: Investing - Theory, News & General
Topic: Investment advisors- is regulatory burden higher on fiduciaries?
Replies: 51
Views: 2158

Re: Investment advisors- is regulatory burden higher on fiduciaries?

Did you know? American Funds Porfolio Series funds have performed better than a similarly allocated Vanguard Index fund portfolio? This is true, even net of fees ( except for the front- or back-end load ). Knowing the above, it sounds like your friend did a better job by paying his evil, greedy adv...
by Misenplace
Thu Nov 15, 2018 9:34 pm
Forum: Personal Finance (Not Investing)
Topic: Finding an Attorney with Demonstrated, Credentialed Expertise In Elderlaw
Replies: 15
Views: 1009

Re: Finding an Attorney with Demonstrated, Credentialed Expertise In Elderlaw

I don't believe that NYS does- at least a quick search of the NYS Bar didn't reveal any specialist credential. As for how to use the ACTEC, I googled the ACTEC and found their website. https://www.actec.org They have a function to search for a Fellow of the ACTEC. Bsteiner, who often posts on this s...
by Misenplace
Thu Nov 15, 2018 5:39 pm
Forum: Personal Finance (Not Investing)
Topic: Finding an Attorney with Demonstrated, Credentialed Expertise In Elderlaw
Replies: 15
Views: 1009

Re: Finding an Attorney with Demonstrated, Credentialed Expertise In Elderlaw

Gil's advice is spot on. Just in case you are in a state that doesn't have the specialty, here is some more input. I recently needed to find the same in another state to assist my parents. I knew from reading these boards that attorneys who are elected to the American College of Trusts and Estates C...
by Misenplace
Thu Nov 15, 2018 3:04 pm
Forum: Investing - Theory, News & General
Topic: Investment advisors- is regulatory burden higher on fiduciaries?
Replies: 51
Views: 2158

Re: Investment advisors- is regulatory burden higher on fiduciaries?

Did you know? American Funds Porfolio Series funds have performed better than a similarly allocated Vanguard Index fund portfolio? This is true, even net of fees ( except for the front- or back-end load ). Knowing the above, it sounds like your friend did a better job by paying his evil, greedy adv...
by Misenplace
Thu Nov 15, 2018 2:59 pm
Forum: Investing - Theory, News & General
Topic: Investment advisors- is regulatory burden higher on fiduciaries?
Replies: 51
Views: 2158

Re: Investment advisors- is regulatory burden higher on fiduciaries?

...There are some people do not want education. They do not want to be encouraged not to need me. That want somebody else to do it for them. They either can't do it themselves, or they don't want to do it themselves. That's my friend. He can do it himself if he put in the time to learn. He doesn't ...
by Misenplace
Thu Nov 15, 2018 2:52 pm
Forum: Investing - Theory, News & General
Topic: Investment advisors- is regulatory burden higher on fiduciaries?
Replies: 51
Views: 2158

Re: Investment advisors- is regulatory burden higher on fiduciaries?

Frankly, I'd be very happy for my friend. He's got an advisor he trusts. American Funds are well managed and moderately priced. Larry Swedroe and Jack Bogle have said good things about American Funds (Capital Group). If the advisor was churning the account or peddling annuities then I'd say somethi...
by Misenplace
Thu Nov 15, 2018 2:43 pm
Forum: Investing - Theory, News & General
Topic: Investment advisors- is regulatory burden higher on fiduciaries?
Replies: 51
Views: 2158

Re: Investment advisors- is regulatory burden higher on fiduciaries?

it sounds like it's your issue, not your friend's. You want him to see the light which is admirable, but not necessary. If he has 5-10 million he's obviously done fine for himself without your help. Yes he will likely fritter away a third of the profit on that over the next few decades by paying th...
by Misenplace
Thu Nov 15, 2018 2:38 pm
Forum: Investing - Theory, News & General
Topic: Investment advisors- is regulatory burden higher on fiduciaries?
Replies: 51
Views: 2158

Re: Investment advisors- is regulatory burden higher on fiduciaries?

If the adviser is charging a 1%, they may be using F-shares from American funds. This class of shares does not carry a load or charge a 12b-1 fee. From the American Funds site : Class F-1, F-2, F-3 and 529-F-1 shares: You pay an asset-based fee for F-1, F-2, F-3 or 529-F-1 shares based on your fina...
by Misenplace
Tue Nov 13, 2018 10:10 pm
Forum: Investing - Help with Personal Investments
Topic: TLH International, should I buy back original holding?
Replies: 7
Views: 532

Re: TLH International, should I buy back original holding?

It's not a big deal if you only harvested a few tax lots, but it is something to keep in mind in case you are in a very high regular tax bracket and it is important to you.
by Misenplace
Tue Nov 13, 2018 9:59 pm
Forum: Investing - Theory, News & General
Topic: Investment advisors- is regulatory burden higher on fiduciaries?
Replies: 51
Views: 2158

Re: Investment advisors- is regulatory burden higher on fiduciaries?

Well, these types of things are quite measurable over virtually any time table you want. Seems like that's something anyone would want to keep score on rather than take the word of someone who has a clear conflict of interest. My friend is a savvy ex-C suite executive who has no interest in investi...
by Misenplace
Tue Nov 13, 2018 9:39 pm
Forum: Investing - Theory, News & General
Topic: Investment advisors- is regulatory burden higher on fiduciaries?
Replies: 51
Views: 2158

Re: Investment advisors- is regulatory burden higher on fiduciaries?

Why not just move every American Fund to Vanguard and avoid the 1% fee + buying and selling? If they are good enough, just hang onto them, don't keep buying and selling. This also avoids being sold annuities, etc. I don't see why you are bothering with this fiduciary business. He probably wouldn't ...
by Misenplace
Tue Nov 13, 2018 9:35 pm
Forum: Investing - Theory, News & General
Topic: Investment advisors- is regulatory burden higher on fiduciaries?
Replies: 51
Views: 2158

Re: Investment advisors- is regulatory burden higher on fiduciaries?

2 things. I have been out of this line for 10 years, so things may have changed but... I don't know of any requirement that you have to disclose 12b-1 fees. Second, you can't double dip - you can charge a wrap fee or a 12b-1 fee, but not both. Second, I would not put a lot of weight on what you fou...
by Misenplace
Tue Nov 13, 2018 9:04 pm
Forum: Investing - Theory, News & General
Topic: Investment advisors- is regulatory burden higher on fiduciaries?
Replies: 51
Views: 2158

Re: Investment advisors- is regulatory burden higher on fiduciaries?

I will point out that his current network provider is probably a "broker in a box". I would bet that his current network would support him as a fiduciary. If not, well... Look, switching from a broker to a fiduciary is a little like switching from a PC to a Mac. You have to convert everything. Func...
by Misenplace
Tue Nov 13, 2018 4:51 pm
Forum: Investing - Theory, News & General
Topic: Investment advisors- is regulatory burden higher on fiduciaries?
Replies: 51
Views: 2158

Re: Investment advisors- is regulatory burden higher on fiduciaries?

You may inform him that the 4 AF mutual funds I've seen used to replicate the S&P (AMRMX/AIVSX/AGTHX/AMCPX) combine in 25% weights to under perform the S&P on a 10/15 year period. This is before any loads. The 12b-1 has not been made up at least over these time stretches (again, before loads/taxes ...
by Misenplace
Tue Nov 13, 2018 4:47 pm
Forum: Investing - Theory, News & General
Topic: Investment advisors- is regulatory burden higher on fiduciaries?
Replies: 51
Views: 2158

Re: Investment advisors- is regulatory burden higher on fiduciaries?

The account agreement needs to have full disclosure. Is it a 1 time consultation or a does the advisor have full power of attorney regarding account transactions. Full power of attorney. He does all kinds of things like TLH when necessary. Fees and expenses, type of securities, etc. all have to be ...
by Misenplace
Tue Nov 13, 2018 4:41 pm
Forum: Investing - Theory, News & General
Topic: Investment advisors- is regulatory burden higher on fiduciaries?
Replies: 51
Views: 2158

Re: Investment advisors- is regulatory burden higher on fiduciaries?

I am not a investment advisor. However, I have worked in the back office of brokerage firms and have help implement some of this stuff. Good to know. The on-boarding process, as I indicated above, is much longer. But for high-net worth clients with complex portfolios and goals this would not be a i...
by Misenplace
Tue Nov 13, 2018 3:36 pm
Forum: Investing - Theory, News & General
Topic: Investment advisors- is regulatory burden higher on fiduciaries?
Replies: 51
Views: 2158

Re: Investment advisors- is regulatory burden higher on fiduciaries?

Yes, it is much higher. As a broker I have a duty to ensure what I sell you is appropriate. You come in and ask what what mutual funds you should buy for your IRA, I will tell you what funds to buy for your IRA. This takes anywhere from 15 minutes to 2 hours. As a fiduciary, I can only sell you stu...
by Misenplace
Tue Nov 13, 2018 1:58 pm
Forum: Investing - Help with Personal Investments
Topic: TLH International, should I buy back original holding?
Replies: 7
Views: 532

Re: TLH International, should I buy back original holding?

There is one issue. Qualified dividends. If you receive dividends on the shares, and you want the dividends to be qualified, you will need to hold on to those shares for 61 days. This is just the overall holding period, you don't have to hold it for 61 days before the dividend is granted. https://ww...
by Misenplace
Tue Nov 13, 2018 1:46 pm
Forum: Investing - Theory, News & General
Topic: Investment advisors- is regulatory burden higher on fiduciaries?
Replies: 51
Views: 2158

Investment advisors- is regulatory burden higher on fiduciaries?

I have a close friend who has used a financial advisor for close to 20 years. The advisor appears to be a good guy, and I even used him for a few hourly sessions perhaps 10 years ago at my friend's recommendation. He gave us some good advice at the time (refinance our jumbo, investigate various tax ...
by Misenplace
Mon Nov 12, 2018 10:15 pm
Forum: Personal Consumer Issues
Topic: Feeling uneasy about recent splurge
Replies: 40
Views: 4039

Re: Feeling uneasy about recent splurge

Check out the Mattress Underground. Most mattresses in department stores and mattress chain stores are destined to fail in less than 4 years. Ask me how I know. It all depends upon the construction- in particular, the quality of the foam that they use. I will never buy another mattress again unless ...
by Misenplace
Sat Nov 10, 2018 10:28 pm
Forum: Personal Consumer Issues
Topic: International Travel during Maternity/Paternity
Replies: 86
Views: 3673

Re: International Travel during Maternity/Paternity

We had an easy baby. We each took 3 months leave (consecutively). I could not have left our infant with a stranger at that time, even for a few hours to snorkel or go out to dinner. As for traveling in Central and South America when you are not fluent in Spanish or Portuguese (depending where), I co...
by Misenplace
Fri Nov 09, 2018 8:34 pm
Forum: Investing - Help with Personal Investments
Topic: What can I do better?
Replies: 29
Views: 2290

Re: What can I do better?

I guess my question is given my expense ratios for the TDFs are pretty reasonable ie >.20% and some less than .05% or less. Is there a good reason to manage this on my own in the 401ks? You could do that, and they seem to be decent funds. Perhaps that is a good plan for the immediate future- use al...
by Misenplace
Fri Nov 09, 2018 6:41 pm
Forum: Investing - Help with Personal Investments
Topic: What can I do better?
Replies: 29
Views: 2290

Re: What can I do better?

I'm only as sure about the Roth 401k as the calculators I've run which mostly don't seem highly sophisticated. If you have a reference to a better calculator I'm happy to try it. I'm not even sure what in service rollouts are to be honest but I can add this to my todo list from this thread. Check o...
by Misenplace
Fri Nov 09, 2018 1:39 pm
Forum: Investing - Help with Personal Investments
Topic: What can I do better?
Replies: 29
Views: 2290

Re: What can I do better?

I won't try to deter you from your real estate ventures, but I would caution you to perhaps be slightly more conservative with your equity/bond portfolios because the real estate market can turn on a dime- more reward you say, but also more risk. Also, you appear to have a great job with good growth...
by Misenplace
Fri Nov 02, 2018 1:56 am
Forum: Personal Consumer Issues
Topic: Europe Trip
Replies: 38
Views: 2354

Re: Europe Trip

[quote=campy2010 post_id=4193193 time=<a href="tel:1541079612">1541079612</a> user_id=22397] I was in Paris last year and London the year before the last two weeks of May and the last week of May and the first week of June, respectively. On both trips the weather was beautiful - in the high 70s, lo...
by Misenplace
Fri Nov 02, 2018 1:11 am
Forum: Personal Finance (Not Investing)
Topic: Tell me about establishing trusts for our minor children
Replies: 28
Views: 2746

Re: Tell me about establishing trusts for our minor children

Not an expert, but I believe you will want to do a trust anyway since you are bumping up close to the WA estate tax that kicks in at a little over $2 M per person, and it is not portable unless you set it up in trust. In other words, I believe that you will need to set up trusts to make sure you can...
by Misenplace
Thu Nov 01, 2018 11:27 pm
Forum: Investing - Help with Personal Investments
Topic: Panic set in... now what?
Replies: 63
Views: 11064

Re: Panic set in... now what?

I’m surprised your advisor had you at 80:20 at you age, although as luck would have it, it worked out well for you over JUST the past few years. That is an asset allocation more appropriate for someone in their 30s-40s with a lot more earning years ahead of them. I am early retired at 56 two years a...
by Misenplace
Tue Oct 30, 2018 1:07 am
Forum: Investing - Theory, News & General
Topic: Maximum Tax Deferral
Replies: 39
Views: 3722

Re: Maximum Tax Deferral

I'm curious why a person would ask this question. It does not seem optimal to me to try to max this number above a reasonable amount. I agree. At some point, you can have too much in tax advantaged accounts, and face higher taxes once you have to take required min distributions (RMDs) at 70.5 years...
by Misenplace
Tue Oct 30, 2018 1:04 am
Forum: Investing - Theory, News & General
Topic: Maximum Tax Deferral
Replies: 39
Views: 3722

Re: Maximum Tax Deferral

However, there are many other ways to put aside additional earnings tax deferred. Deferred compensation plans exist in the private sector which can often allow large amounts of deferral. What other ways? Some employers offer a SERP, but those are assets of the company until paid out. Which is risky...
by Misenplace
Mon Oct 29, 2018 10:32 pm
Forum: Personal Finance (Not Investing)
Topic: Am I doing well financially?
Replies: 162
Views: 12781

Re: Am I doing well financially?

And I should add, we were not in as good a position as you at your age!
by Misenplace
Mon Oct 29, 2018 10:30 pm
Forum: Personal Finance (Not Investing)
Topic: Am I doing well financially?
Replies: 162
Views: 12781

Re: Am I doing well financially?

OP, Good luck. I think the take-home message here is for you and your spouse to get on the same spending page. It may take a while. Be gentle. Perhaps get help since you seem a bit apprehensive about bringing up the subject. Your post inspired me to look into our own spending in detail over the last...
by Misenplace
Mon Oct 29, 2018 1:27 pm
Forum: Investing - Theory, News & General
Topic: Maximum Tax Deferral
Replies: 39
Views: 3722

Re: Maximum Tax Deferral

Only if the business makes enough money to fill up the employer contribution. Please see the Wiki on SEP and solo401k. https://www.bogleheads.org/wiki/Solo_401(k)_plan https://www.bogleheads.org/wiki/SEP However, there are many other ways to put aside additional earnings tax deferred. Deferred compe...
by Misenplace
Thu Oct 25, 2018 7:51 pm
Forum: Investing - Help with Personal Investments
Topic: Is it risky to have all retirement savings with vanguard?
Replies: 43
Views: 6004

Re: Is it risky to have all retirement savings with vanguard?

Ha! Where you are is where I eventually plan to be. I have accounts spread across Vanguard, Fido, a Big Bad Brokerage Bank, our local Wells Fargo, an on-line savings bank for our emergency fund, two different spouse's pension accounts, and two different HSAs. For various reasons I can't close a lot ...
by Misenplace
Thu Oct 25, 2018 7:36 pm
Forum: Investing - Help with Personal Investments
Topic: Sale of Stock-Pfizer
Replies: 9
Views: 579

Re: Sale of Stock-Pfizer

As for choosing between a dividend and a capital gain, I would always choose the capital gain since I have been diligently harvesting capital losses per livesoft's advice. Immediately after the x-dividend date, the stock will ordinarily reprice lower to take into account the dividend (this is assumi...