Search found 2913 matches

by FIREchief
Sat May 25, 2019 1:42 am
Forum: Personal Finance (Not Investing)
Topic: Probate costs?--I am the sole heir and the executor
Replies: 65
Views: 5510

Re: Probate costs?--I am the sole heir and the executor

This is an interesting tangent. I know that the value of living trusts is downplayed on the forum, but I can't help but wonder if they just make this all simpler. If the probate estate is zero, none of this is even a concern. I share your perspective. My mother has a car outside her trust. No proba...
by FIREchief
Fri May 24, 2019 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: Payable On Death Account to Complement Will
Replies: 66
Views: 3327

Re: Payable On Death Account to Complement Will

Pointing out that "avoiding probate" is not the same as "simple estate administration". For a simple estate, all this might be doable without a estate planning expert attorney. For many people, having the funds in a revocable trust will avoid probate but such an attorney will still be needed. These...
by FIREchief
Fri May 24, 2019 1:44 am
Forum: Personal Finance (Not Investing)
Topic: Finance depreciating asset?
Replies: 22
Views: 1520

Re: Finance depreciating asset?

Cmpliance wrote:
Mon May 20, 2019 8:02 am
Wanting to buy $100K car....
:shock: :oops:
by FIREchief
Thu May 23, 2019 10:56 pm
Forum: Investing - Theory, News & General
Topic: Vanguard issues 10-year forecast for stock, bond market returns
Replies: 64
Views: 5882

Re: Vanguard issues 10-year forecast for stock, bond market returns

vineviz wrote:
Thu May 23, 2019 8:36 pm
FIREchief wrote:
Thu May 23, 2019 8:30 pm
elainet7 wrote:
Thu May 23, 2019 7:10 pm
in their TD funds, all have int'l bonds
Do they know something?
I believe that they know exactly the same as the rest of us. NOTHIN!!! :oops:
I’m quite sure they know far more than some us.

Like, 100% sure.
That's freakin' hilarious!! :beer
by FIREchief
Thu May 23, 2019 8:30 pm
Forum: Investing - Theory, News & General
Topic: Vanguard issues 10-year forecast for stock, bond market returns
Replies: 64
Views: 5882

Re: Vanguard issues 10-year forecast for stock, bond market returns

elainet7 wrote:
Thu May 23, 2019 7:10 pm
in their TD funds, all have int'l bonds
Do they know something?
I believe that they know exactly the same as the rest of us. NOTHIN!!! :oops:
by FIREchief
Thu May 23, 2019 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: Changing from owning to renting a home for retirement
Replies: 22
Views: 1722

Re: Changing from owning to renting a home for retirement

I am curious if anyone has gone from being a home owner to renting (especially in retirement). And if so, what things did you consider and what advise might you have to share. We just did this. Sold a large house and downsized to a new construction apartment in the same area. Best decision I've mad...
by FIREchief
Thu May 23, 2019 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: Payable On Death Account to Complement Will
Replies: 66
Views: 3327

Re: Payable On Death Account to Compliment Will

No need to leave anything in the probate estate. If one is thorough enough about this, there would be no need for probate at all. Absolutely. We're retitling our only vehicle so that it will be owned by our living trust tomorrow. After that, I believe that my entire probate estate will consist of t...
by FIREchief
Wed May 22, 2019 6:41 pm
Forum: Investing - Theory, News & General
Topic: How does the charitable fund deduction work?
Replies: 20
Views: 995

Re: How does the charitable fund deduction work?

As Gill suggested, it sure sounds like you're referring to a donor advised fund (i.e. DAF). Let's use Fidelity Charitable as an example, as they seem to be the most popular here due to $50 minimum grants and no minimums on contributions. You use a minimum of $5000 (I think) to establish the donor a...
by FIREchief
Wed May 22, 2019 5:35 pm
Forum: Personal Finance (Not Investing)
Topic: Senior management/executives
Replies: 49
Views: 3464

Re: Senior management/executives

The sad reality is that once you report, you are done at that company. HR is not your friend and they will try to get rid of you as cheaply and quickly as possible. It’s unfair and infuriating but you just have to get a new job. If this is Megacorp, I beg to differ. I don't know how smaller busines...
by FIREchief
Wed May 22, 2019 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: Payable On Death Account to Complement Will
Replies: 66
Views: 3327

Re: Payable On Death Account as Will Substitute

How many attorneys provide instruction sheets to clients after giving them a will or preparing a trust? Why don't they? I would imagine that all of the good ones do. If they're not a good one, why would anybody want to use them? (jk - somewhat - I doubt that the in-network lawyers that spit out boi...
by FIREchief
Wed May 22, 2019 12:34 am
Forum: Investing - Theory, News & General
Topic: How does the charitable fund deduction work?
Replies: 20
Views: 995

Re: How does the charitable fund deduction work?

I'm looking at selling some stock and I plan on giving larger % to some charities in the future so I was investigating the Vanguard charitable trusts. My understanding is that I can donate the stock at face value and write off the full value in the year I contribute. First question would be, what a...
by FIREchief
Wed May 22, 2019 12:21 am
Forum: Personal Finance (Not Investing)
Topic: Payable On Death Account to Complement Will
Replies: 66
Views: 3327

Re: Payable On Death Account to Compliment Will

Having just settled (most of) my mother's estate, I have to say that I was one who blindly agreed to the executor role without fully realizing all the role entailed. You are correct that there were some serious bills to pay within weeks of her death: funeral & luncheon, property taxes, current cred...
by FIREchief
Tue May 21, 2019 10:25 pm
Forum: Investing - Theory, News & General
Topic: I'm arguing with Marketwatch article author....
Replies: 12
Views: 2290

Re: I'm arguing with Marketwatch article author....

I wouldn't bother wasting my time. I once sent a message to a Marketwatch author (whose writings I liked) pointing out a blatant error in hopes that it would be corrected. It wasn't. Okay, so I'm guessing readers are asking themselves, "what is this blatant error that FIREchief is referring to?" Ans...
by FIREchief
Tue May 21, 2019 10:20 pm
Forum: Personal Finance (Not Investing)
Topic: Payable On Death Account to Complement Will
Replies: 66
Views: 3327

Re: Payable On Death Account to Compliment Will

When the bulk of the assets pass by beneficiary designation, unknown final expenses including taxes, final cc bills, final medical bills, funeral/burial costs etc may not have adequate funding from the limited assets subject to probate. If that happens, paying all the final costs including executor...
by FIREchief
Tue May 21, 2019 9:00 pm
Forum: Personal Finance (Not Investing)
Topic: Payable On Death Account to Complement Will
Replies: 66
Views: 3327

Re: Payable On Death Account to Compliment Will

Leesboro63, Estate planning is driven by a multitude of "what if" considerations. POD designations collapse all these questions to a single certainty on how the POD portion of your friend's estate will be disposed of. Each what if may represent a small likelihood by itself, but together all of thes...
by FIREchief
Tue May 21, 2019 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: Payable On Death Account to Complement Will
Replies: 66
Views: 3327

Re: Payable On Death Account as Will Substitute

Just this week we got a new estate where the decedent left several million dollars in trust for her grandchildren. She subsequently named her husband as POD or TOD beneficiary on her accounts. So there's almost no money left in her estate to pay the bequest. Fortunately for the grandchildren, her h...
by FIREchief
Tue May 21, 2019 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: Probate costs?--I am the sole heir and the executor
Replies: 65
Views: 5510

Re: Probate costs?--I am the sole heir and the executor

... It [probating the Will] is a bit of a throw back to the days when people kept everything close to the vest and upon their demise had the dramatic "reading of the will" to find out who gets what and who's in charge of doling it out (maybe that really only existed on TV). .... That only happens o...
by FIREchief
Mon May 20, 2019 7:45 pm
Forum: Personal Investments
Topic: Fidelity Personalized Planning and Advice at Work
Replies: 15
Views: 1045

Re: Fidelity Personalized Planning and Advice at Work

PghPharmBoy wrote:
Mon May 20, 2019 6:44 pm
It seems to be a bit like Financial Engines, but it’s offered under the Fidelity wrapper as an optional service.
Since you've found a place to get excellent advice, I suggest you cancel that other stuff immediately! 8-) :beer
by FIREchief
Mon May 20, 2019 6:35 pm
Forum: Personal Investments
Topic: Fidelity Personalized Planning and Advice at Work
Replies: 15
Views: 1045

Re: Fidelity Personalized Planning and Advice at Work

I've never heard of Fidelity Personalized Planning and Advice at Work. Is this an optional thing that you sign up for (like Financial Engines?).
by FIREchief
Mon May 20, 2019 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: Should I encourage my kids to work in high school/college?
Replies: 165
Views: 7922

Re: Should I encourage my kids to work in high school/college?

Other than math and science classes in HS, I probably learned more useful skills flipping burgers then attending HS. In two short years, I encountered every type of boss and co-worker I would ever encounter during my later career. I also learned how to pay for my own stuff instead of relying on pare...
by FIREchief
Mon May 20, 2019 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: Probate costs?--I am the sole heir and the executor
Replies: 65
Views: 5510

Re: Probate costs?--I am the sole heir and the executor

This is an interesting tangent. I know that the value of living trusts is downplayed on the forum, but I can't help but wonder if they just make this all simpler. If the probate estate is zero, none of this is even a concern. I share your perspective. My mother has a car outside her trust. No proba...
by FIREchief
Mon May 20, 2019 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: Probate costs?--I am the sole heir and the executor
Replies: 65
Views: 5510

Re: Probate costs?--I am the sole heir and the executor

In Florida, you can run a summary administration without a lawyer if you are the sole beneficiary. Otherwise a lawyer is required because the personal representative/petitioner is representing the interests of other persons/entities and would therefore be practicing law without a license. There is ...
by FIREchief
Sun May 19, 2019 11:08 pm
Forum: Personal Investments
Topic: What is the best roth conversion strategy?
Replies: 17
Views: 2093

Re: What is the best roth conversion strategy?

infotrader wrote:
Sun May 19, 2019 10:46 am
buy new positions on market down days.

market down days.
How do we define a "market down day?"
by FIREchief
Sun May 19, 2019 10:56 pm
Forum: Personal Finance (Not Investing)
Topic: Selling home- Demanding Buyer (Repairs)
Replies: 111
Views: 8301

Re: Selling Home: Demanding Buyer Part 2 (picture)

Thanks Firechief. But, that's the thing. The local power company does not allow me or any outside contractor to do anything with their equipment. And the power company said they would come out in 5-7 business days to check it out. That was 14 business days ago! The power company just gives me the r...
by FIREchief
Sun May 19, 2019 8:11 pm
Forum: Personal Finance (Not Investing)
Topic: Selling home- Demanding Buyer (Repairs)
Replies: 111
Views: 8301

Re: Selling Home: Demanding Buyer Part 2 (picture)

I'll be contrarian. I've followed both threads at a high level. When I sold a house (very recently) my attitude was that I would fix anything (before listing, during listing, after inspection) that I would fix if I intended to still live there for a long time. That said, I might have "fixed" the sep...
by FIREchief
Sun May 19, 2019 7:26 pm
Forum: Personal Finance (Not Investing)
Topic: FIRE - What am I missing in the News Stories
Replies: 223
Views: 14111

Re: FIRE - What am I missing in the News Stories

I agree with all the comments. In addition, now in my early 40's, I couldn't fathom not working in my field. I'd love longer vacations, but I dunno what I'd do with my time if I 100% retired now. I have trouble imagining being retired at 50 even if I could do so comfortably. In large part it's beca...
by FIREchief
Sun May 19, 2019 7:23 pm
Forum: Personal Finance (Not Investing)
Topic: FIRE - What am I missing in the News Stories
Replies: 223
Views: 14111

Re: FIRE - What am I missing in the News Stories

tennisplyr wrote:
Sun May 19, 2019 11:11 am
Some people--even highly paid ones--really hate their jobs!
Amen.
by FIREchief
Sat May 18, 2019 10:00 pm
Forum: Investing - Theory, News & General
Topic: Why does the stock market grow faster than the economy?
Replies: 24
Views: 3065

Re: Why does the stock market grow faster than the economy?

I’m not sure if it’s been brought up, but something I think about often is that GDP doesn’t have to grow for profits to soar. Increased efficiency in products, services, etc are a big part of the future in my opinion. Also, there are ways to increase earnings and value without increasing current re...
by FIREchief
Sat May 18, 2019 5:37 pm
Forum: Investing - Theory, News & General
Topic: Why Are U.S. Asset Prices So High Today?
Replies: 34
Views: 3022

Re: Why Are U.S. Asset Prices So High Today?

The beauty of this strategy is one doesn't try to figure out when Asset prices are overvalued to try and figure out a way to beat the market through "buying the dip" or whatever else market timers call their shenanigans. Certainly, if a target fund helps you (or any investor) with this then it may ...
by FIREchief
Sat May 18, 2019 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: Probate costs?--I am the sole heir and the executor
Replies: 65
Views: 5510

Re: Probate costs?--I am the sole heir and the executor

I guess that is why I could do a probate myself. We dealt with beneficiaries, appraised the estate, sold the real estate, and determined no tax filings were required. My only point in all this is that one needs to know what is really required for probate and determine if you do indeed need a lawyer...
by FIREchief
Sat May 18, 2019 4:45 pm
Forum: Investing - Theory, News & General
Topic: Why Are U.S. Asset Prices So High Today?
Replies: 34
Views: 3022

Re: Why Are U.S. Asset Prices So High Today?

I just blindly plow all our money into target funds. Isn't this what most US investors do? It may be what many US investors do, but that through ignorance or just not caring about their investments. Here on the forum, there may be many who use target funds but I believe that there are more who use ...
by FIREchief
Sat May 18, 2019 2:30 pm
Forum: Investing - Theory, News & General
Topic: Why Are U.S. Asset Prices So High Today?
Replies: 34
Views: 3022

Re: Why Are U.S. Asset Prices So High Today?

This is a fascinating thread. Thanks for starting it. :beer
by FIREchief
Sat May 18, 2019 2:24 pm
Forum: Investing - Theory, News & General
Topic: Why does the stock market grow faster than the economy?
Replies: 24
Views: 3065

Re: Why does the stock market grow faster than the economy?

My question: Why does the stock market grow faster than the economy? And can it last? I would turn the question around and ask why can't the value of stocks grow faster than the economy? I'm assuming that you're referring to the U.S. economy, and U.S. corporations generate a lot of earnings over se...
by FIREchief
Sat May 18, 2019 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: Splitting a condo purchase with friend?
Replies: 20
Views: 1629

Re: Splitting a condo purchase with friend?

I would never consider such an arrangement. It sounds like a lot of potential trouble for little good reason. Also, on a different note, are your really sure you will want to spend 8 months a year in Florida after having lived in Wisconsin? I've never lived in Florida, but visited many times and it ...
by FIREchief
Sat May 18, 2019 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: Probate costs?--I am the sole heir and the executor
Replies: 65
Views: 5510

Re: Probate costs?--I am the sole heir and the executor

... the work to probate a 3 million dollar estate is about the same as the work for a 6 million dollar estate of similar complexity. Why would the legal probate fees be twice as much in that case? ... The work to probate the Will (and to do the probate related forms) is the same for a $3 million es...
by FIREchief
Thu May 16, 2019 5:23 pm
Forum: Investing - Theory, News & General
Topic: Pre-RMD Retirement Sweet Spot - Accelerating IRA Withdrawals vs. Roth Conversion
Replies: 51
Views: 3938

Re: Pre-RMD Retirement Sweet Spot - Accelerating IRA Withdrawals vs. Roth Conversion

I haven't read the whole thread, but the original question makes no sense. If a person is past 59 1/2, and they withdraw money from a tIRA, then it costs no more to place it into a Roth (i.e. a conversion) then to place it into an after-tax account. Why on earth would anybody choose a dollar in an a...
by FIREchief
Thu May 16, 2019 5:15 pm
Forum: Personal Investments
Topic: VTSAX or VTWAX over the next 35 years?
Replies: 137
Views: 10700

Re: VTSAX or VTWAX over the next 35 years?

Why does this topic resurface 3-4 times per week with new threads? Why the fixation on international stock allocation? It seems we are having the same conversation over and over and over again. Y I would say it keeps coming up because it is an important question for most/all on the forum and a wort...
by FIREchief
Thu May 16, 2019 3:43 pm
Forum: Personal Investments
Topic: Is holding two total market index funds okay?
Replies: 6
Views: 647

Re: Is holding two total market index funds okay?

I believe that Fidelity knows what they are doing and that the ZERO funds will put a lot of pressure on the competition. Competition is great for consumers.
by FIREchief
Thu May 16, 2019 3:40 pm
Forum: Personal Investments
Topic: VTSAX or VTWAX over the next 35 years?
Replies: 137
Views: 10700

Re: VTSAX or VTWAX over the next 35 years?

Why does this topic resurface 3-4 times per week with new threads? Why the fixation on international stock allocation? It seems we are having the same conversation over and over and over again. Y I would say it keeps coming up because it is an important question for most/all on the forum and a wort...
by FIREchief
Wed May 15, 2019 7:09 pm
Forum: Investing - Theory, News & General
Topic: Did you buy the 600+ dip last week ?
Replies: 126
Views: 7481

Re: Did you buy the 600+ dip last week ?

Does back to back to back TLHs count?? 8-)
by FIREchief
Wed May 15, 2019 7:05 pm
Forum: Investing - Theory, News & General
Topic: Bonds beat S&P500 over last 20 years?
Replies: 40
Views: 3752

Re: Bonds beat S&P500 over last 20 years?

So let's just take a step back..... Two investment classes. One has outperformed the other for two decades. Does that make it more or less likely to outperform for the next 20 years??

(ignoring the obvious math behind the bond returns that simply can't be replicated going forward)
by FIREchief
Wed May 15, 2019 7:00 pm
Forum: Investing - Theory, News & General
Topic: Vanguard customer service improving?
Replies: 9
Views: 1231

Re: Vanguard customer service improving?

I am satisfied with the level of customer service I get from Vanguard - I will accept a slightly lower level in return for better investment widgets that save me a lot of money in annual expense ratios... Can't you enjoy the same outstanding VG investment options, but hold them at a brokerage that ...
by FIREchief
Wed May 15, 2019 6:59 pm
Forum: Investing - Theory, News & General
Topic: Vanguard customer service improving?
Replies: 9
Views: 1231

Re: Vanguard customer service improving?

SeeMoe wrote:
Wed May 15, 2019 4:46 pm
and new top line Autos with just a measly 0.09% annual service fee!
I don't believe I've ever had an "annual service fee" with an Auto. Are you talking about oil changes? :confused
by FIREchief
Wed May 15, 2019 1:14 pm
Forum: Personal Investments
Topic: VTSAX or VTWAX over the next 35 years?
Replies: 137
Views: 10700

Re: VTSAX or VTWAX over the next 35 years?

Total US for me.
by FIREchief
Wed May 15, 2019 1:43 am
Forum: Personal Finance (Not Investing)
Topic: I accidentally retired, and need tax advice
Replies: 48
Views: 6231

Re: I accidentally retired, and need tax advice

How about accidentally go into Home Depot and get a job? Everyone's hiring. I walk at lunch. Only what I noticed today for help wanted signs....Marshalls, Stop & Shop, Papa Ginos, the car wash at Jiffy Lube....... Yeah, this. I'm just not seeing the issue here. Most of us living in the real world w...
by FIREchief
Wed May 15, 2019 12:22 am
Forum: Personal Investments
Topic: CPA advice--does this make sense??
Replies: 33
Views: 4891

Re: CPA advice--does this make sense??

I'll get right to the point. I will be in the highest tax bracket again this year. My CPA says don't concern myself about the taxes just generate the greatest income possible & simply pay the taxes. Retired with no way to shelter much if any income & somewhat comfortable paying taxes & increased MC...
by FIREchief
Wed May 15, 2019 12:17 am
Forum: Investing - Theory, News & General
Topic: Vanguard customer service improving?
Replies: 9
Views: 1231

Re: Vanguard customer service improving?

What other direction could it go?? :confused
by FIREchief
Tue May 14, 2019 7:10 pm
Forum: Personal Finance (Not Investing)
Topic: I accidentally retired, and need tax advice
Replies: 48
Views: 6231

Re: I accidentally retired, and need tax advice

There is a lot of honest work out there these days for somebody willing to work 40 hours per week to earn $25K per year. Perhaps that would allow you to continue to reinvest your dividends and maybe adopt a slightly more aggressive AA for an eventual "real" retirement.
by FIREchief
Tue May 14, 2019 3:40 pm
Forum: Personal Consumer Issues
Topic: Home warranty - is it worth the money?
Replies: 23
Views: 1753

Re: Home warranty - is it worth the money?

I wish I'd just asked for a $450 credit. I'd regale you the tale of trying to submit a claim, but I'm pretty sure there's a character limit on these posts, and I'd probably get banned for profanity. LOL!! :beer I think I paid $515 for the one that my home buyers asked for. It didn't cover pre-exist...
by FIREchief
Tue May 14, 2019 12:30 am
Forum: Personal Consumer Issues
Topic: Home warranty - is it worth the money?
Replies: 23
Views: 1753

Re: Home warranty - is it worth the money?

Way back when I owned a house (i.e. 14 days ago), I only utilized competent contractors. I'm in a medium sized metropolitan area. My HVAC contractor was in business since 1947. My plumbing contractor since 1950. Appliance company since sometime in the 50's. I don't believe that any of these particip...