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by FIREchief
Tue Jun 19, 2018 2:43 am
Forum: Personal Finance (Not Investing)
Topic: Do you think it is smart to disclose that you have passive investments to other people?
Replies: 20
Views: 1684

Re: Do you think it is smart to disclose that you have passive investments to other people?

Why on earth would anybody share such information with anybody? :confused The more common approach is that "I'm sorry I couldn't get back with you right away, but my dog/parent/BFFL is deathly ill and I had to be with them in the hospital. That approach actually endears some salespeople to marginal ...
by FIREchief
Mon Jun 18, 2018 11:16 pm
Forum: Personal Finance (Not Investing)
Topic: Do you cancel old credit cards?
Replies: 31
Views: 2723

Re: Do you cancel old credit cards?

Being an executor is not for the faint of heart. Soon serving as executor of an estate which has been completely simplified has inspired me to do the same for my own executor. Sure, and while I have no personal experience with that role, is it really materially harder to close 5 credit card account...
by FIREchief
Mon Jun 18, 2018 11:09 pm
Forum: Personal Finance (Not Investing)
Topic: Employer creating new role for my promotion, need help
Replies: 5
Views: 691

Re: Employer creating new role for my promotion, need help

It's hard to offer advice without having some idea of what type of job or industry you are in. I was about to offer some advice that would be applicable at a typical Megacorp, but a later post suggests that this may not be the case in your situation.
by FIREchief
Mon Jun 18, 2018 4:10 pm
Forum: Investing - Theory, News & General
Topic: What does it mean: Rule No. 1: Never lose money
Replies: 44
Views: 2901

Re: What does it mean: Rule No. 1: Never lose money

I've heard that rule most often from nervous investors trying to justify their actions as they pull everything out of stocks during a Bear market.
by FIREchief
Mon Jun 18, 2018 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: Will or Trust?
Replies: 18
Views: 892

Re: Will or Trust?

We met with our attorney a few weeks ago to update our estate. Our attorney thinks we should continue the trust. She feels it offers more protection to us, my wife and I, than a regular will. If we both pass, the trust will be set up for the girls. I would probably extend the time to for them to ta...
by FIREchief
Mon Jun 18, 2018 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: Do you cancel old credit cards?
Replies: 31
Views: 2723

Re: Do you cancel old credit cards?

Alas, I will be abandoning the cc churning game in the near future. Primary reason is opportunity cost but more importantly I want to make executing my estate as simple as possible. I don't want my executor chasing down credit cards to be closed. Imiss the thrill of the bonus chase though. <sigh> +...
by FIREchief
Mon Jun 18, 2018 3:42 pm
Forum: Personal Finance (Not Investing)
Topic: Timeshare ever worth it? Please share details
Replies: 118
Views: 9216

Re: Timeshare ever worth it? Please share details

Perhaps a "Boglehead" approach would be. . . buy a condo in desired area. . rent it out as a VRBO. . block out times as needed for self . I would be really concerned about lawsuits. If I rented it 48 weeks a year, that would be up to 48 parties who could either sue me or otherwise make my life mise...
by FIREchief
Sun Jun 17, 2018 3:21 pm
Forum: Investing - Theory, News & General
Topic: Which boglehead rule do you break--and are ok with
Replies: 141
Views: 9228

Re: Which boglehead rule do you break--and are ok with

5. I really like my whole life insurance--I have 6 policies over 30-50 years old and they pay ~3.9% without fluctuation of cash value and death benefit is about 3X; If the cash value doesn't fluctuate, does that mean that the 3.9% return fully offsets the cost of insurance each year? At your age, I...
by FIREchief
Sun Jun 17, 2018 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: Timeshare ever worth it? Please share details
Replies: 118
Views: 9216

Re: Timeshare ever worth it? Please share details

I agree that a hotel, VRBO, AirBNB, condo, can't come close to comparing in experience. Renting a timeshare condo comes pretty close to comparing in experience to a timeshare condo... :) Bingo!! I haven't done so, but would imagine that as the years go buy there will be more and more opportunities ...
by FIREchief
Sat Jun 16, 2018 11:48 pm
Forum: Personal Finance (Not Investing)
Topic: Using donor advised fund to diversify stock with large capital gains
Replies: 38
Views: 2189

Re: Using donor advised fund to diversify stock with large capital gains

Our accountant suggested that if we don't want to donate it all at once, we should consider putting it in a donor advised fund. The only thing better than that plan would have been to do it prior to Dec.31.2017, assuming you were and are in the highest federal tax bracket. For many, it would have b...
by FIREchief
Sat Jun 16, 2018 2:25 pm
Forum: Investing - Theory, News & General
Topic: Which boglehead rule do you break--and are ok with
Replies: 141
Views: 9228

Re: Which boglehead rule do you break--and are ok with

I have one share each of a bunch of companies that I like and use all the time. I am also wearing a $6k watch. :sharebeer http://www.savingadvice.com/forums/picture.php?albumid=188&pictureid=57 Wow!! That looks just like my $60 Timex. 8-) I'll bet it tells time more accurately though.... :annoyed
by FIREchief
Sat Jun 16, 2018 12:12 am
Forum: Investing - Theory, News & General
Topic: Gundlach sees 10 yr yields hitting 6%
Replies: 18
Views: 3137

Re: Gundlach sees 10 yr yields hitting 6%

...his past calls have been interesting nonetheless imo... Like this one? "Though I rarely go public with specifics on stocks, I think the Standard & Poor's 500, which is now over 1300, will hit 500 in the next couple of years," he says. -- Barron's, "The King of Bonds," Feb. 21, 2011. Red: predict...
by FIREchief
Fri Jun 15, 2018 6:26 pm
Forum: Investing - Theory, News & General
Topic: Which boglehead rule do you break--and are ok with
Replies: 141
Views: 9228

Re: Which boglehead rule do you break--and are ok with

Is "don't peek" a rule? If so, I've been a huge violator. I've always believed that for some of us, it is character building and educational to stare directly into the beast of a bear market. I was 100% equities throughout my accumulation phase (probably another "rule violation") and I survived both...
by FIREchief
Fri Jun 15, 2018 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: Timeshare ever worth it? Please share details
Replies: 118
Views: 9216

Re: Timeshare ever worth it? Please share details

They buy you lunch to make you feel obligated. You feel like you are held hostage, they call in the supervisor to double team you. They hold any free-bee's until after they convince you to buy. Why would eating a free lunch make you feel obligted to buy anything? As for the double-teaming, it would...
by FIREchief
Fri Jun 15, 2018 12:24 am
Forum: Personal Finance (Not Investing)
Topic: add to DW 401k while withdrawing from (self) 403b?
Replies: 19
Views: 828

Re: add to DW 401k while withdrawing from (self) 403b?

YIkes! What a steaming crock of *beep*. That's Megacorp for ya!! Not only take away some benefit, but insult their intelligence at the same time. Considering other ways they demonstrate their avarice, it doesn't surprise me. They haven't given raises for years. Instead, they give an annual bonus, t...
by FIREchief
Thu Jun 14, 2018 11:16 pm
Forum: Personal Finance (Not Investing)
Topic: add to DW 401k while withdrawing from (self) 403b?
Replies: 19
Views: 828

Re: add to DW 401k while withdrawing from (self) 403b?

DW is contributing the max 24.5K/yr. Her megacorp employer matches 8% of salary (she's a long-term employee) but this year started deferring until the first quarter of next year, at which point you get a lump sum. You have to be employed on 12/31 to get anything. (Their PR spin is amusing - employe...
by FIREchief
Thu Jun 14, 2018 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: Using donor advised fund to diversify stock with large capital gains
Replies: 38
Views: 2189

Re: Using donor advised fund to diversify stock with large capital gains

Yes, dying is typically one of the most tax-efficient ways to distribute assets. LOL. Yes, unless you live in a state with a punitive estate tax and/or the fed reverses course in the future. If a person is married and lives in a community property state, they get the step up if their spouse dies.
by FIREchief
Thu Jun 14, 2018 3:04 pm
Forum: Personal Finance (Not Investing)
Topic: Timeshare ever worth it? Please share details
Replies: 118
Views: 9216

Re: Timeshare ever worth it? Please share details

We are all persuadable - or at least if there are people who are not, they are very rare indeed. DO NOT assume you are bulletproof (one reason they like people to come with their spouses is they only have to persuade the weaker link-- most of us are more vulnerable to suasion if our spouses are per...
by FIREchief
Thu Jun 14, 2018 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: Skilled trade career advice
Replies: 18
Views: 1432

Re: Skilled trade career advice

17. Some trades are seasonal (HVAC, Roofing, etc) vs others are year round in demand. Is electrician year round? I guess when the wires are installed, and it runs, nothing more unless something break down. Similar to Q3. Sandtrap, Some of those are hard questions, but they are very important to get...
by FIREchief
Thu Jun 14, 2018 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: Using donor advised fund to diversify stock with large capital gains
Replies: 38
Views: 2189

Re: Using donor advised fund to diversify stock with large capital gains

Secondly, it can easily accept not just cash but also appreciated securities. This is something I would like to hear more about. I've often thought that if I inherited a problem asset (like 50% of a parent's house), that I might see if I could just "donate" my interest to a DAF and let their lawyer...
by FIREchief
Thu Jun 14, 2018 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: Using donor advised fund to diversify stock with large capital gains
Replies: 38
Views: 2189

Re: Using donor advised fund to diversify stock with large capital gains

Bingo. It's the tax law change. It used to be true in my situation that I benefited from making annual contributions, because my other itemized deductions met or came close to the standard deduction. That is no longer true under the new law, so I made a significant donation of appreciated funds to m...
by FIREchief
Thu Jun 14, 2018 12:36 am
Forum: Investing - Theory, News & General
Topic: When did you start teaching your kids about investing ?
Replies: 6
Views: 629

Re: When did you start teaching your kids about investing ?

Never give them free money. Always offer them opportunities to work for money. If somebody else will pay more for the same effort, great!!! Once they have earned income, offer a 100%+ match to put money in a Roth. As partner, you dictate the investment choice (for a sixteen year old, 100% stocks is ...
by FIREchief
Thu Jun 14, 2018 12:28 am
Forum: Personal Finance (Not Investing)
Topic: Timeshare ever worth it? Please share details
Replies: 118
Views: 9216

Re: Timeshare ever worth it? Please share details

I've read that the only way to get out of a timeshare commitment is to die. Think about that. REALLY think about that. Stay a mile away from the presentations unless you are 100% convinced that they are crap and you're just trying to score a free night stay at a plush location, etc. I'm bullet proof...
by FIREchief
Wed Jun 13, 2018 11:00 pm
Forum: Personal Finance (Not Investing)
Topic: Using donor advised fund to diversify stock with large capital gains
Replies: 38
Views: 2189

Re: Using donor advised fund to diversify stock with large capital gains

Secondly, it can easily accept not just cash but also appreciated securities. This is something I would like to hear more about. I've often thought that if I inherited a problem asset (like 50% of a parent's house), that I might see if I could just "donate" my interest to a DAF and let their lawyer...
by FIREchief
Wed Jun 13, 2018 6:58 pm
Forum: Personal Finance (Not Investing)
Topic: Cost-basis step-up at death
Replies: 9
Views: 936

Re: Cost-basis step-up at death

However, for the account where your mother is also a surviving joint tenant, only the 50% that your father was deemed to have contributed gets the basis adjustment. But if there was an account where OP was not on, but was JTWROS with Mom & Dad, then the 50% vs 100% step-up would depend on the state...
by FIREchief
Wed Jun 13, 2018 6:50 pm
Forum: Personal Finance (Not Investing)
Topic: Using donor advised fund to diversify stock with large capital gains
Replies: 38
Views: 2189

Re: Using donor advised fund to diversify stock with large capital gains

Joining the chorus..... Yes, a large (even one time) DAF donation is a great approach. I only have experience with Fidelity, and their DAF program (Fidelity Charitable) works great.
by FIREchief
Wed Jun 13, 2018 6:45 pm
Forum: Personal Finance (Not Investing)
Topic: Skilled trade career advice
Replies: 18
Views: 1432

Re: Skilled trade career advice

OP - you may wish to review the following for electrical apprenticeship programs in your area:

https://www.electricianschooledu.org/ib ... ticeships/

IBEW electricians will likely have jobs as long as we use electricity. 8-)
by FIREchief
Tue Jun 12, 2018 1:39 pm
Forum: Investing - Theory, News & General
Topic: Tilt tward small & mid capital for 1 to 2% more return
Replies: 13
Views: 966

Re: Tilt tward small & mid capital for 1 to 2% more return

On what basis are you making your assumption?
by FIREchief
Tue Jun 12, 2018 1:14 am
Forum: Investing - Theory, News & General
Topic: WSJ-- Next Stop for Mutual-Fund Fees: Zero
Replies: 40
Views: 4170

Re: WSJ-- Next Stop for Mutual-Fund Fees: Zero

I'm going to disagree with this. Somebody with a million in a fund with .035% ER would save $350 per year in expenses, which would remain in the account as additional earnings, compounding over the decades. A person with 3 million would save over $1000 per year. That's more than psychological. That...
by FIREchief
Mon Jun 11, 2018 11:51 pm
Forum: Investing - Theory, News & General
Topic: WSJ-- Next Stop for Mutual-Fund Fees: Zero
Replies: 40
Views: 4170

Re: WSJ-- Next Stop for Mutual-Fund Fees: Zero

We must be vigilant of shell games from Fidelity and BlackRock which we do not own. They are going to raise ERs on all their index funds once we are locked in via capital gains. Shenanigans! Shenanigans! How's that going to work for those with most/all of their mutual fund assets in retirement acco...
by FIREchief
Mon Jun 11, 2018 10:50 pm
Forum: Investing - Theory, News & General
Topic: WSJ-- Next Stop for Mutual-Fund Fees: Zero
Replies: 40
Views: 4170

Re: WSJ-- Next Stop for Mutual-Fund Fees: Zero

We must be vigilant of shell games from Fidelity and BlackRock which we do not own. They are going to raise ERs on all their index funds once we are locked in via capital gains. Shenanigans! Shenanigans! How's that going to work for those with most/all of their mutual fund assets in retirement acco...
by FIREchief
Mon Jun 11, 2018 2:05 pm
Forum: Investing - Theory, News & General
Topic: WSJ-- Next Stop for Mutual-Fund Fees: Zero
Replies: 40
Views: 4170

Re: WSJ-- Next Stop for Mutual-Fund Fees: Zero

I don't think going from 3 basis points to none is going to make a difference to anyone. It's just psychological. It may attract some headlines. (ETFs from iShares and Schwab have this 3 basis point charge already.) I'm going to disagree with this. Somebody with a million in a fund with .035% ER wo...
by FIREchief
Sun Jun 10, 2018 5:00 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's own 401k plan eliminating S&P 500 Index option!
Replies: 86
Views: 7462

Re: Vanguard's own 401k plan eliminating S&P 500 Index option!

There is no such thing as "normal" times. Agreed, but I think we should be able to agree that the Fed action from 2008 through ~2016/17 was not normal. Using interest rate data from the past ten years fro projections is very iffy in my mind. I agree 100% that we shouldn't use data from the past ten...
by FIREchief
Sun Jun 10, 2018 3:34 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's own 401k plan eliminating S&P 500 Index option!
Replies: 86
Views: 7462

Re: Vanguard's own 401k plan eliminating S&P 500 Index option!

That narrowing gap since 2008 (between the grey and the green line) indicates that they have not been keeping up with inflation for the past 10 years. People need to stop using Treasury data starting with 2008. The '08 financial crisis and the subsequent some ten year period of Fed quantitative eas...
by FIREchief
Sun Jun 10, 2018 1:03 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's own 401k plan eliminating S&P 500 Index option!
Replies: 86
Views: 7462

Re: Vanguard's own 401k plan eliminating S&P 500 Index option!

I have traditionally read the same thing that Doc stated...that 30 day and 3 month T-Bills generally keep up with inflation.Below is the Ibbotson SBBI. Bills refers to 30 day bills...the numbers with 3 months bills are even better. After taxes is a different story, but this graph shows over the lon...
by FIREchief
Sun Jun 10, 2018 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: Any Re-org Advice
Replies: 3
Views: 464

Re: Any Re-org Advice

Just suck it up and wait for the next re-org. I lived that cycle many times at Megacorp. :sharebeer
by FIREchief
Sun Jun 10, 2018 12:12 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's own 401k plan eliminating S&P 500 Index option!
Replies: 86
Views: 7462

Re: Vanguard's own 401k plan eliminating S&P 500 Index option!

Prudence would generally require that retirement assets not be in cash because we know cash will be beaten by inflation. Generally T-bills are considered cash and 30 day t-bills will not be beaten by inflation. Can you please elaborate? I *think* I know what you mean, but want to make sure. Thanks ...
by FIREchief
Fri Jun 08, 2018 3:42 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's own 401k plan eliminating S&P 500 Index option!
Replies: 86
Views: 7462

Re: Vanguard employees won’t have an S&P 500 index fund in their 401(k) plan

I get nervous any time that somebody else tries to decide what's best for me (with the exception of good medical professionals). I don't know what to say about your trust issues. By participating in a 401(k) plan, you are subjecting yourself to the rules of that plan and the decisions made by the f...
by FIREchief
Thu Jun 07, 2018 6:29 pm
Forum: Personal Finance (Not Investing)
Topic: Trust as Beneficiary OF ROTH and Traditional IRA
Replies: 6
Views: 589

Re: Trust as Beneficiary OF ROTH and Traditional IRA

I'm not sure what a "family trust" is. If you establish a qualified retirement plan trust, it will only provide the protections you describe if it is set up as an accumulation trust (i.e. not a conduit trust). That being the case, it might make more sense to name each child as equal beneficiary of t...
by FIREchief
Thu Jun 07, 2018 5:38 pm
Forum: Investing - Theory, News & General
Topic: Indexing will fail investors in next decade
Replies: 57
Views: 8818

Re: Indexing will fail investors in next decade

jeffyscott wrote:
Thu Jun 07, 2018 4:54 pm
He advises to invest in water and in illiquidity...go with ice and cover both.
Yeah, I was already figuring to go the iceberg route. Just need a whopping big tug boat to shove icebergs into my secret spot in the arctic to store until water prices peak.
by FIREchief
Thu Jun 07, 2018 4:33 pm
Forum: Investing - Theory, News & General
Topic: Indexing will fail investors in next decade
Replies: 57
Views: 8818

Re: Indexing will fail investors in next decade

First time I've ever seen somebody recommend investing in water. Not sure how I would do that. Do I need my own water tower or can I pay a reservoir to store some for me. Who knows; it's not like that stuff just falls from the sky for free. Taking investors for my new crypto currency based on water...
by FIREchief
Thu Jun 07, 2018 3:59 pm
Forum: Investing - Theory, News & General
Topic: Indexing will fail investors in next decade
Replies: 57
Views: 8818

Re: Indexing will fail investors in next decade

First time I've ever seen somebody recommend investing in water. Not sure how I would do that. Do I need my own water tower or can I pay a reservoir to store some for me.

Who knows; it's not like that stuff just falls from the sky for free.
by FIREchief
Thu Jun 07, 2018 3:39 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's own 401k plan eliminating S&P 500 Index option!
Replies: 86
Views: 7462

Re: Vanguard employees won’t have an S&P 500 index fund in their 401(k) plan

What benefit does Vanguard get from doing this? VTSAX is an overall better investment than VFIAX, but I seriously doubt they did this purely in the best interest of their employees I would certainly hope you are wrong about that, considering the fiduciaries of the 401(k) plan have a legal duty to a...
by FIREchief
Wed Jun 06, 2018 11:04 pm
Forum: Personal Finance (Not Investing)
Topic: Joint Account Beneficiary Designation
Replies: 6
Views: 450

Re: Joint Account Beneficiary Designation

This policy probably relates to an old lawsuit that Vanguard lost. Plaintiff might have thought that surviving spouse should have had opportunity to name her own beneficiary or perhaps some state law did not recognize the TOD on joint accounts, but this is all speculation. I get the second part, bu...
by FIREchief
Wed Jun 06, 2018 9:17 pm
Forum: Personal Finance (Not Investing)
Topic: Joint Account Beneficiary Designation
Replies: 6
Views: 450

Re: Joint Account Beneficiary Designation

I am no longer a Vanguard customer, and this was the single biggest issue that motivated me to move on. I agree with the OP that this is absolutely unacceptable in light of the competitive climate of brokerage houses these days. How can a major brokerage not "get this?"
by FIREchief
Wed Jun 06, 2018 3:59 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's own 401k plan eliminating S&P 500 Index option!
Replies: 86
Views: 7462

Re: Vanguard's own 401k plan eliminating S&P 500 Index option!

The only thing that would really irritate me is that instead of transferring the S&P 500 index funds into TSM, they instead moved them into target date funds. That changes asset allocation and raises fees, neither of which I would be very happy about. :oops:
by FIREchief
Tue Jun 05, 2018 2:40 pm
Forum: Investing - Help with Personal Investments
Topic: Do you change your AA in discrete chunks or gradually?
Replies: 20
Views: 1366

Re: Do you change your AA in discrete chunks or gradually?

Back when rebalancing was part of my modus operandi, I never made a rebalancing move (or any other change to allocations) that exceeded one percent of the total portfolio value in a given month. That was either conservative, smart or a security blanket.
by FIREchief
Mon Jun 04, 2018 5:37 pm
Forum: Personal Finance (Not Investing)
Topic: IRMAA reduction without "life changing event?"
Replies: 7
Views: 600

Re: IRMAA reduction without "life changing event?"

Hmm.... My wife and I are about to have three life changing events that, on net, will increase, not decrease our income. She is going to retire, which will decrease our income and require us to sign up for Medicare Part B for the first time, and we will both be turning 70, which will start our RMDs...
by FIREchief
Mon Jun 04, 2018 4:50 pm
Forum: Personal Finance (Not Investing)
Topic: IRMAA reduction without "life changing event?"
Replies: 7
Views: 600

Re: IRMAA reduction without "life changing event?"

Well you can make the appointment and see what happens, but strictly speaking, the rules are what they are, meaning that Roth conversions can cause higher IRMAA tiers and stopping them later is not cause for putting you back in a lower tier prematurely. Now I had higher MAGI in 2016 due to part-tim...
by FIREchief
Mon Jun 04, 2018 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: IRMAA reduction without "life changing event?"
Replies: 7
Views: 600

IRMAA reduction without "life changing event?"

Here's the scenario: Joe (married filing jointly) has been performing aggressive Roth conversion prior to age 65 but wants to scale back to avoid IRMAA (the Medicare premium surcharges for higher MAGI taxpayers). His birthday is July 1, and he'll turn 65 in 2022. If he does nothing, Medicare will lo...