Search found 827 matches

by CAsage
Thu Jan 18, 2018 7:31 am
Forum: Personal Consumer Issues
Topic: Car accident - was directed to sign release
Replies: 71
Views: 4815

Re: Car accident - was directed to sign release

Why would you assume the car seat needs to be replaced? Was it damaged? You should always replace any car seat that has been in an accident if only as a precaution If you want to pay for it. The National Highway Traffic Safety Administration has clear guidelines on this. "Always" is indefensible an...
by CAsage
Wed Jan 17, 2018 11:21 pm
Forum: Investing - Help with Personal Investments
Topic: Need to move "safe" money to another place
Replies: 22
Views: 2475

Re: Need to move "safe" money to another place

1) Just so I’m clear, my primary bene will be able to bypass probate because he’s already listed in all my accounts as TOD or POD, correct? The addition of my Will won’t change that, right? I intend to finish the Will, continue keeping the money at Ally for now and then the contingent (a charity) w...
by CAsage
Wed Jan 17, 2018 8:24 pm
Forum: Personal Consumer Issues
Topic: Spend thrift trust
Replies: 3
Views: 331

Re: Spend thrift trust

Let the lawyer come up with right trust words. Your job before you meet him/her would be to clearly write down what you want to happen = who gets what, when, how, where the money comes from, and who will manage it when you are gone. That's the hard part! And how your assets get put there, anyone els...
by CAsage
Wed Jan 17, 2018 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: How will or might nonprofits be affected by tax law changes?
Replies: 36
Views: 1776

Re: How will or might nonprofits be affected by tax law changes?

I'm one of the strange ones that poured several (10 in my case) years' worth of Charity $$ into a Donor Advised Fund. I did this because it was my last year of AMT and the last year I will itemize for my Federal taxes. The challenge will be not to spend it any faster, as the temptation is to grant i...
by CAsage
Wed Jan 17, 2018 12:05 pm
Forum: Personal Consumer Issues
Topic: Over-the-range Microwave recommendations
Replies: 9
Views: 384

Re: Over-the-range Microwave recommendations

I bought Consumer Reports recommended GE model a year and a half ago. It met my usual criteria for shopping - go down the Consumer Reports list and buy the highest rated item right where the price dips noticeably.... It's a model JVM3160rf2SS, stainless, under $200. Installed about 1.5 years ago, lo...
by CAsage
Wed Jan 17, 2018 11:56 am
Forum: Personal Finance (Not Investing)
Topic: Wife Missed RMD for Tax Year 2017, Husband Deceased in 2017
Replies: 8
Views: 819

Re: Wife Missed RMD for Tax Year 2017, Husband Deceased in 2017

My first question is, does the wife need to take out RMD on her account because the inherited account from her husband’s was already taken out for tax year 2017? My (small) thought on this is that, his RMD would probably be calculated only on his balance, and not include her IRA. So the total RMD i...
by CAsage
Wed Jan 17, 2018 11:46 am
Forum: Personal Consumer Issues
Topic: Car accident - was directed to sign release
Replies: 71
Views: 4815

Re: Car accident - was directed to sign release

Why would you assume the car seat needs to be replaced? Was it damaged? You should always replace any car seat that has been in an accident if only as a precaution If you want to pay for it. The National Highway Traffic Safety Administration has clear guidelines on this. "Always" is indefensible an...
by CAsage
Tue Jan 16, 2018 10:52 pm
Forum: Personal Finance (Not Investing)
Topic: Do I really need a trust?
Replies: 62
Views: 7813

Re: Do I really need a trust?

Thank you for your information. At the moment I’m staying put with my current trust. But I’m going to do a cheap version for my sister. I assume, witnesses can be friends but not somebody related to you. Is this correct assumption? Yes. They should not be mentioned as benefitting or involved in the...
by CAsage
Tue Jan 16, 2018 4:09 pm
Forum: Personal Finance (Not Investing)
Topic: Do I really need a trust?
Replies: 62
Views: 7813

Re: Do I really need a trust?

I'm thinking of doing it myself through NOLO or LegalZoom. However, I have a question for those who plan to DIY your trust and will, how do you deal with the notarization process. How many people have to witness this process? I usually do my notarization at my bank with one person. Can I ask the ba...
by CAsage
Tue Jan 16, 2018 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: [Should I do a Roth conversion?]
Replies: 9
Views: 943

Re: [Should I do a Roth conversion?]

Really need to look way out here! I only recently discovered the ugly horrors of IRMAA, wherein SS looks back at your age 63 tax return and charges you a LOT for increased mandatory Medicare, which begins at 65. Even if you push SS off to 70, IRMAA hits early! I am guessing an extra $3600 annually i...
by CAsage
Tue Jan 16, 2018 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: Can We Retire in Hawaii? Please Critique
Replies: 145
Views: 12415

Re: Can We Retire in Hawaii? Please Critique

So you are looking for something like this: Assume $200K of your taxable funds down on house, finance 600K mortgage at 4% for 30 years, 1% property taxes, 3% drawdown on IRA. Assorted Income +84k Plus IRA 3% of $800k = +24K per year Current budget: -70k expenses New Mortgage $2864 per month, $34k pe...
by CAsage
Tue Jan 16, 2018 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: Got raise. Taxes taking 41% of it?
Replies: 30
Views: 3875

Re: Got raise. Taxes taking 41% of it?

I never found the W-4 form sufficient - never accurate enough. Fill it out as best you can .... then check your resulting withholding on the next pay period that has that change, then adjust it until it's right for the year. I found that I actually needed to calculate: Total Tax estimated due = Amou...
by CAsage
Tue Jan 16, 2018 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: Got raise. Taxes taking 41% of it?
Replies: 30
Views: 3875

Re: Got raise. Taxes taking 41% of it?

Honestly, in CA that was typical (25% Federal tax, 9.3% state, 7 or whatever SS, Medicare). Yup, sounds about right. Since I also increased my 401k savings (it was a percent of gross), I saw about half of each raise. The good news is your 401k savings did increase! The only thing you can do is caref...
by CAsage
Tue Jan 16, 2018 12:22 pm
Forum: Investing - Help with Personal Investments
Topic: Dealing with taxes and cashing out portfolio to pay mortgage
Replies: 4
Views: 335

Re: Dealing with taxes and cashing out portfolio to pay mortgage

If you have Power of Attorney or your Mom is still managing her funds, you could cash out and pay off mortgage. I suspect the house is still considered an asset, but I am not an expert. Who is doing her taxes for 2017? Not hard to approximate the tax due if you have prior year to model.
by CAsage
Tue Jan 16, 2018 11:22 am
Forum: Investing - Help with Personal Investments
Topic: Dealing with taxes and cashing out portfolio to pay mortgage
Replies: 4
Views: 335

Re: Dealing with taxes and cashing out portfolio to pay mortgage

I thought Medicaid had a two-year look back on finances? Should not her IRA and the house be sold to take care of the mother? Doesn't sound like she will be living there anymore. Suggest adding "Medicaid" to the topic to draw more knowledgeable answers. In general, if she draws out her IRA it will b...
by CAsage
Mon Jan 15, 2018 9:06 pm
Forum: Personal Finance (Not Investing)
Topic: Owning house in a trust?
Replies: 17
Views: 1765

Re: Owning house in a trust?

Inheritance. Passes via trust, not via probate. Highly recommended in states with expensive or lengthy probate. Little downside that I am aware of (can refinance, still owe property taxes, can leave house to whoever you wish...). Can modify trust, possibly trickier than modifying will. Of course, yo...
by CAsage
Mon Jan 15, 2018 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: Reason for Power of Attorney?
Replies: 12
Views: 872

Re: Reason for Power of Attorney?

Who will handle your affairs if both of you are injured, hospitalized, or one of you dies and the other is disabled? Medical POA may be very important, or if a deep-pocket relative can pay the bills for a while.... I don't have one either, with the optimistic hope that a family member would cover an...
by CAsage
Mon Jan 15, 2018 12:05 pm
Forum: Investing - Theory, News & General
Topic: Electronic delivery of forms
Replies: 6
Views: 356

Re: Electronic delivery of forms

Then I tried saving them as PDF - for which I needed to go to the library since to don't have the software -and emailed them. Don't know yet if she got them or not, it being a holiday today. Get PrimoPDF on your computer - it's a free application that functions like a "printer" and prints to PDF. A...
by CAsage
Mon Jan 15, 2018 11:51 am
Forum: Investing - Help with Personal Investments
Topic: Advice for grandmother
Replies: 4
Views: 452

Re: Advice for grandmother

If she wants completely safe, bank savings and CDs are the only way to go. You can shop for the best rates on depositaccounts.com. It's possible to put some in a CD and some in savings.... With more risk, you can get a bit more with a Corporate Intermediate Bond fund - get an index fund that is supe...
by CAsage
Sun Jan 14, 2018 2:31 pm
Forum: Investing - Help with Personal Investments
Topic: Need to move "safe" money to another place
Replies: 22
Views: 2475

Re: Need to move "safe" money to another place

Is your concern that you and your primary beneficiary will die at the same time, or that you will become unable to update this (incapacity of some sort), and beneficiary dies before you? If those are unlikely, you may be thinking too hard here. Naming and updating a primary beneficiary will cover a ...
by CAsage
Sun Jan 14, 2018 2:25 pm
Forum: Investing - Help with Personal Investments
Topic: My Mom's estate money
Replies: 2
Views: 442

Re: My Mom's estate money

You can shop for savings and CD rates at depositaccounts.com. You can put your savings at any online bank (pick the best rates) and then link it to your main/local checking for access. Note that of course CD's pay better, but savings accounts are fluid/accessible. Chasing rates takes time, if you ju...
by CAsage
Sat Jan 13, 2018 8:51 pm
Forum: Investing - Help with Personal Investments
Topic: Help with inherited investment account
Replies: 48
Views: 2573

Re: Help with inherited investment account

Is your tax bracket high enough that you are worried about taxes? Are you willing to go in once a year and rebalance (move money) from one asset to another? Note that they have very easy ways to do this online, and you are going to be making deposits anyway. You can always start out with the Target ...
by CAsage
Fri Jan 12, 2018 8:32 pm
Forum: Investing - Help with Personal Investments
Topic: Help with inherited investment account
Replies: 48
Views: 2573

Re: Help with inherited investment account

Target 2035 is probably fine. You should check with a lawyer on the tax-payment question; I don't think it matters, since even in a community property state half your income does belong to you! Kind of depends on how much of an issue this turns out to be.... Unsure. Check state law.
by CAsage
Fri Jan 12, 2018 6:54 pm
Forum: Investing - Help with Personal Investments
Topic: Mutual funds to ETFs.....A question!
Replies: 5
Views: 358

Re: Mutual funds to ETFs.....A question!

What is the point of buying the Total Bond Fund? Can you skip that step?
by CAsage
Fri Jan 12, 2018 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: New Tax Plan - How to make the most of it?
Replies: 43
Views: 4606

Re: New Tax Plan - How to make the most of it?

Your taxes are marginal, so it's a percentage on the last (top) dollar earned. Your final marginal bracket is 24% instead of 25%, so you save 1% on an additional dollar there. But you are saving at least 24% on all the dollars you saved pretax, those dollars come off the top (i.e. higher brackets). ...
by CAsage
Fri Jan 12, 2018 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: Fund order within Vanguard Brokerage Account
Replies: 9
Views: 556

Re: Fund order within Vanguard Brokerage Account

I have this: VICSX Vanguard Intermediate-Term Corporate Bond Index Fund Admiral Shares  VGSLX Vanguard REIT Index Fund Admiral Shares  VSCSX Vanguard Short-Term Corporate Bond Index Fund Admiral Shares  VSIAX Vanguard Small Cap Value Index Fund Admiral Shares  VBTLX Vanguard Total Bond Market Index ...
by CAsage
Fri Jan 12, 2018 2:23 pm
Forum: Investing - Help with Personal Investments
Topic: Help with inherited investment account
Replies: 48
Views: 2573

Re: Help with inherited IRA

Ok (suggest fixing title of thread..). If it's not an IRA, your life is easier. You will end up with a plain old brokerage (i.e. investment) account at Vanguard. That account will hold one or more funds - an easy choice is a Target 2040 fund, or 1/3 each Vanguard Total Bond, Total Stock, and Interna...
by CAsage
Fri Jan 12, 2018 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: Fund order within Vanguard Brokerage Account
Replies: 9
Views: 556

Re: Fund order within Vanguard Brokerage Account

Mine is definitely not full name order, either. In one Total Bond is first, in the other it's 3rd. I actually suspect it's in reverse order of when the fund was added - oldest on the bottom, newest first. Drives me bonky.
by CAsage
Fri Jan 12, 2018 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: Fund order within Vanguard Brokerage Account
Replies: 9
Views: 556

Fund order within Vanguard Brokerage Account

This question is truly in the weeds. I have several brokerage accounts at Vanguard - IRA, Roth, Taxable. In each of those accounts, I have multiple funds. The order of those funds on the display page is different for each account, and I simply cannot fathom how they done! They are not alphabetical b...
by CAsage
Fri Jan 12, 2018 1:21 pm
Forum: Investing - Theory, News & General
Topic: Chained CPI Impact
Replies: 8
Views: 917

Re: Chained CPI Impact

It's my understanding that using (new) the Chained CPI will lead to a gradual overall bracket creep, wherein the tax brackets will be adjusted more slowly, and therefore increase tax revenue. What they say is an acceptable substitution effect can be a viewed as a decrease in quality of consumption. ...
by CAsage
Fri Jan 12, 2018 8:53 am
Forum: Personal Finance (Not Investing)
Topic: Pay off student loans after kid graduates?
Replies: 35
Views: 2170

Re: Pay off student loans after kid graduates?

Of course, the gift "limit" is doubled for couples. And it really only counts against your lifetime max, so.... Pay half now, half next year?
by CAsage
Thu Jan 11, 2018 10:19 pm
Forum: Investing - Help with Personal Investments
Topic: Help with inherited investment account
Replies: 48
Views: 2573

Re: Help with inherited IRA

Read the Wiki on this site about windfalls and asset allocation. What you do with it should fit in with your overall diversification plan. If you have a secure pension, more stocks are possible. With regard to (4)... I would suggest that you carefully check the requirements of whatever state you are...
by CAsage
Thu Jan 11, 2018 10:35 am
Forum: Personal Consumer Issues
Topic: Car accident - was directed to sign release
Replies: 71
Views: 4815

Re: Car accident - was directed to sign release

Why would you assume the car seat needs to be replaced? Was it damaged? Car seats typically sell for $50 to $100, so .... unclear on your basis for that claim. Was the frame or structure of the car damaged? Was the repair not good enough, and the car so high value, and you were planning on selling i...
by CAsage
Wed Jan 10, 2018 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: Bequest to Charity -- would they assist with settlement?
Replies: 6
Views: 305

Re: Bequest to Charity -- would they assist with settlement?

If your relative is willing, and really doesn't need the money... Put together a "now" will that says exactly what you want (pay the debts, sell the houses, small bequests to relatives, fund pet annuity (?), the balance to charities) and encourage her to hire as much help as they want to ease the lo...
by CAsage
Wed Jan 10, 2018 2:06 pm
Forum: Investing - Theory, News & General
Topic: Why bother with corporate bond funds instead of just U.S. Treasuries + Stock Index Fund/ETF?
Replies: 16
Views: 817

Re: Why bother with corporate bond funds instead of just U.S. Treasuries + Stock Index Fund/ETF?

You are mixing things up. Buying a Treasury or a bond is very different than buying a share of a bond fund - liquidity is completely different. One cannot pull $100 out of a Treasury bill or note. Look at the Vanguard lineup - the fees on all bond funds are peanuts, and the Treasury and Corporate fe...
by CAsage
Wed Jan 10, 2018 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes in Retirement [ways to forecast]
Replies: 30
Views: 2930

Re: Taxes in Retirement [ways to forecast]

I found this gnarly but comprehensive Excel-based tax estimator in another thread, and it looks like a complete tool for 2018: I suggest you take a look at: https://sites.google.com/site/excel1040/home/2018-tax-planner-new-tax-law Its more than a calculator, so it might be too involved, he took his ...
by CAsage
Wed Jan 10, 2018 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: Bequest to Charity -- would they assist with settlement?
Replies: 6
Views: 305

Re: Bequest to Charity -- would they assist with settlement?

I was the executor for both my parent's modest estates. In those cases, I of course waived the executor fee because I was splitting the estate with siblings, and inheritance is tax free and executor fees are not. In the case where I was not inheriting (much) .... I would assume you fully intend to p...
by CAsage
Wed Jan 10, 2018 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: When to upgrade House
Replies: 24
Views: 2423

Re: Real estate prices

You might look at the Case-Shiller housing index (one of several metrics on this link, I think you can specify metro areas): http://graphics.wsj.com/us-housing-market/ I have found housing to be extremely local in demand and pricing. I am not sure you, without deep pockets and a lot of inside connec...
by CAsage
Tue Jan 09, 2018 5:55 am
Forum: Personal Finance (Not Investing)
Topic: How do you add someone to a will if you don't know their Social?
Replies: 19
Views: 2249

Re: How do you add someone to a will if you don't know their Social?

I would use their full name in the will, and in the "notes" or instructions to the executor I would list their address and phone, as well as any other relatives that might keep up with them. Try and keep it current, if possible....
by CAsage
Mon Jan 08, 2018 9:29 pm
Forum: Investing - Help with Personal Investments
Topic: Help with giving inheritance money to mother
Replies: 16
Views: 1737

Re: Help with giving inheritance money to mother

Save it for when Mom's health goes or her car goes? Quite possible she will need more money if her health goes.... Sorry to hear about the leeching brother. those are really hard to have around.
by CAsage
Mon Jan 08, 2018 8:22 am
Forum: Personal Finance (Not Investing)
Topic: ID theft and check cashing fraud
Replies: 87
Views: 4496

Re: ID theft and check cashing fraud

There are actually 4 credit bureaus (I dug through an old Bogle post on credit freezing): Experian, Equifax, Transunion, and Innovis. Plus Chexsystems to lock opening bank savings/checking accounts. Major pain, but seems like the new normal. https://krebsonsecurity.com/2017/09/the-equifax-breach-wha...
by CAsage
Sun Jan 07, 2018 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: Million Dollar Refi Q
Replies: 12
Views: 1401

Re: Million Dollar Refi Q

I'm dying to find out how they are going to determine and prove what the proceeds were used for..... Can I install that boat in my living room? Just curious.... but the details on this HELOC vs mortgage thing needs clarification. IMO
by CAsage
Sun Jan 07, 2018 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: On-line legal documents...good?
Replies: 12
Views: 786

Re: On-line legal documents...good?

You get what you pay for. And you keep what you don't pay for! Kind of like expense ratios on funds.... I've seen lots of friends and relatives waste a ton of money on fancy trusts and wills, when they fully intended to just pass their house/savings on to their responsible adult children. And lawye...
by CAsage
Sun Jan 07, 2018 5:30 pm
Forum: Personal Finance (Not Investing)
Topic: On-line legal documents...good?
Replies: 12
Views: 786

Re: On-line legal documents...good?

Nolo Press or online POA or medical directive forms can be had for less than that! The hard part with all of these forms is deciding what they need to do, and that can be simple and straightforward (in which case cheap or online forms work fine) or complex and gnarly, in which case a good estate law...
by CAsage
Sun Jan 07, 2018 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgages, condos, insurance - escrow question
Replies: 7
Views: 231

Re: Mortgages, condos, insurance - escrow question

Consider checking whether home equity loans are still deductible interest (maybe not?). If so, refinancing the home equity and the first mortgage into one first mortgage .... well, with the loan/value ratio, that might be tough. I don't think they escrow condo fees because they change so much. Sound...
by CAsage
Sun Jan 07, 2018 4:14 pm
Forum: Investing - Help with Personal Investments
Topic: How often to invest; or: how to avoid commissions?
Replies: 21
Views: 1463

Re: How often to invest; or: how to avoid commissions?

Are you getting any matching funds with your 401k? If you are ... you want to check exactly how your company pays. At my old Megacorp, If you max out your 401k early, the matching funds cease (as in, they would match up to 6% per pay period, but only when you were contributing). So each year we all ...
by CAsage
Sun Jan 07, 2018 4:03 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement Account Over Diversification?
Replies: 5
Views: 547

Re: Retirement Account Over Diversification?

You might be splitting hairs and dividing things up, which in the long run will not matter. If you buy "Total Large Cap", you are getting chunks of Large Value and Large Growth already. So, in some years one will run up more than the other, and over 20 years it won't matter. What will matter are the...
by CAsage
Sun Jan 07, 2018 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: Cash e-fund + multiple sinking funds - How far do you go?
Replies: 12
Views: 1081

Re: Cash e-fund + multiple sinking funds - How far do you go?

Depends on how pathetic the return on that cash is. You could reasonably assume that keeping 1/2 the amount needed for those disasters on hand, with the likelihood that they won't all occur at the same time. Or, add that into your bond allocation. Short or intermediate bonds are likely to get you a ...
by CAsage
Sun Jan 07, 2018 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: Ownership in real estate
Replies: 11
Views: 1017

Re: Ownership in real estate

Usually a quit claim deed can be used. Though that won't relieve you of any mortgage, if any.....
by CAsage
Sun Jan 07, 2018 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: POA and Legal liability
Replies: 35
Views: 1365

Re: POA and Legal liability

The OP and his brother own that house, and are supporting a large number of other people (possibly more than are needed for the care of this brother). Of course they have a bias towards keeping this going. However, if you sell to them, I suspect you put your brother at risk of them deciding to boot ...