Search found 1299 matches

by FIREchief
Sun Oct 22, 2017 9:06 pm
Forum: Personal Finance (Not Investing)
Topic: Directed Trustees
Replies: 5
Views: 285

Re: Directed Trustees

Riverman wrote:
Sun Oct 22, 2017 5:51 pm
I am beneficiary of a trust with a corporate trustee (bank) that, at my direction, uses low cost index funds. They do it because the trust allows me to fire them.
I really like this!!! :sharebeer
by FIREchief
Sun Oct 22, 2017 9:01 pm
Forum: Personal Finance (Not Investing)
Topic: What to do: Financial Advisor for Trust Breaching Fiduciary Duty
Replies: 14
Views: 1229

Re: What to do: Financial Advisor for Trust Breaching Fiduciary Duty

Are you saying 5-6% total per-year expenses, or just sales fees without any management charges or underlying fund fees? If the former, I'd move on - beats losing another $250k to a lawyer. I don't think you'll find 3-4% unusual, or even a little higher. Do you really need a trust for that much mone...
by FIREchief
Sat Oct 21, 2017 10:04 pm
Forum: Personal Finance (Not Investing)
Topic: What to do: Financial Advisor for Trust Breaching Fiduciary Duty
Replies: 14
Views: 1229

Re: What to do: Financial Advisor for Trust Breaching Fiduciary Duty

Are you saying 5-6% total per-year expenses, or just sales fees without any management charges or underlying fund fees? If the former, I'd move on - beats losing another $250k to a lawyer. I don't think you'll find 3-4% unusual, or even a little higher. Do you really need a trust for that much mone...
by FIREchief
Sat Oct 21, 2017 9:47 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 IRS tax information
Replies: 26
Views: 3249

Re: 2018 IRS tax information

Thanks for the info #Cruncher. I'm a long ways from SS, and am currently planning to manage the negative impacts of SS taxation, Medicare surcharges and RMDs via an aggressive Roth conversion strategy.
by FIREchief
Sat Oct 21, 2017 10:16 am
Forum: Investing - Help with Personal Investments
Topic: help with inheritance and financial planning
Replies: 6
Views: 568

Re: help with inheritance and financial planning

JW-Retired wrote:
Sat Oct 21, 2017 9:43 am
Definitely don't invest any assets in some insurance company scheme.

Condolences,
JW
Please be specific for the benefit of the OP. Does "scheme" = "annuity?" Or, were you referring to something else?
by FIREchief
Fri Oct 20, 2017 11:37 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 IRS tax information
Replies: 26
Views: 3249

Re: 2018 IRS tax information

With the data just released by the IRS, I can accurately project brackets/phaseouts for 2018. Since I project in constant (inflation adjusted, real returns) dollars, using the 2018 numbers for financial planning for future years is reasonable (since the IRS numbers are simply increased for inflatio...
by FIREchief
Fri Oct 20, 2017 8:05 pm
Forum: Personal Finance (Not Investing)
Topic: [If I die before my spouse, how to direct Vanguard advisors?]
Replies: 38
Views: 2693

Re: [If I die before my spouse, how to direct Vanguard advisors?]

I'm not a big fan of corporate trustees, but in some cases they can do some good, or at least prevent some harm. It's something to think about, and discuss with your spouse if you think it's appropriate. I'm also not a big fan of corporate trustees in situations where they add little value . That s...
by FIREchief
Fri Oct 20, 2017 7:44 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 IRS tax information
Replies: 26
Views: 3249

Re: 2018 IRS tax information

I agree that you have to start somewhere, but perhaps a bit of flexibility might be wise to build in to your projections. :sharebeer Yes, flexibility is important for many/most topics discussed on the forum. No disagreement. That said, a great many of us choose to plan based upon current law. That ...
by FIREchief
Fri Oct 20, 2017 7:42 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 IRS tax information
Replies: 26
Views: 3249

Re: 2018 IRS tax information

Rainmaker41 wrote:
Fri Oct 20, 2017 6:57 pm
Much obliged; my spreadsheet has been adjusted accordingly.

Now I wonder where I can find a 2018 paycheck calculator to work out the exact withholding amounts. :annoyed
You're likely looking for IRS pub 15, which doesn't come out until late December (last year it was Dec 21).
by FIREchief
Fri Oct 20, 2017 6:16 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 IRS tax information
Replies: 26
Views: 3249

Re: 2018 IRS tax information

Thanks for posting, FIREchief. I didn't realize the IRS released this information so early. I assume you're referring to the Rev. Proc. 2017-58 PDF file . It has all the new tax brackets. I used it to add 2018 to my Marginal Tax Rate spreadsheet. Yep, that's the one. I use a mega-spreadsheet for fi...
by FIREchief
Fri Oct 20, 2017 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 IRS tax information
Replies: 26
Views: 3249

Re: 2018 IRS tax information

Thanks for posting, FIREchief. I didn't realize the IRS released this information so early. The linked .pdf file is the format I've found to be most useful. I assume you're referring to the Rev. Proc. 2017-58 PDF file . It has all the new tax brackets. I used it to add 2018 to my Marginal Tax Rate ...
by FIREchief
Fri Oct 20, 2017 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 IRS tax information
Replies: 26
Views: 3249

Re: 2018 IRS tax information

Thanks for posting, FIREchief. I didn't realize the IRS released this information so early. The linked .pdf file is the format I've found to be most useful. I assume you're referring to the Rev. Proc. 2017-58 PDF file . It has all the new tax brackets. I used it to add 2018 to my Marginal Tax Rate ...
by FIREchief
Fri Oct 20, 2017 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 IRS tax information
Replies: 26
Views: 3249

Re: 2018 IRS tax information

While I can appreciate formal IRS documentation, and I understand that business has to proceed as usual for the most part, Congress has made tax reform their #2 priority after healthcare reform. Or perhaps vice versa. I certainly wouldn't put much stock in this particular IRS publication knowing th...
by FIREchief
Thu Oct 19, 2017 10:53 pm
Forum: Investing - Help with Personal Investments
Topic: Lump Sum Pension Guidance
Replies: 9
Views: 955

Re: Lump Sum Pension Guidance

I rolled over my company pension, administered by Fidelity, to my Vanguard rollover IRA about 2 years ago. Fidelity would not send the check directly to Vanguard, but did make out the check to "VFTC (Vanguard Fiduciary Trust Company) FBO (For Benefit Of) bill", sent it to me & I forwarded it to Van...
by FIREchief
Thu Oct 19, 2017 10:38 pm
Forum: Personal Finance (Not Investing)
Topic: Beneficiary Deed, Beneficiary Title, for R/E, Cars, etc.
Replies: 13
Views: 536

Re: Beneficiary Deed, Beneficiary Title, for R/E, Cars, etc.

I know that when our trust was created our attorney sent us a piece of paper from the DMV for us to attach to each of our car titles. This may be the document you're referring to, I don't know. It sounds like an affidavit form that can be used to transfer title of a decedent's vehicle provided the ...
by FIREchief
Thu Oct 19, 2017 10:24 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 IRS tax information
Replies: 26
Views: 3249

2018 IRS tax information

Just released today. This is the information needed to tax plan for 2018.

https://www.irs.gov/newsroom/in-2018-so ... -unchanged

The linked .pdf file is the format I've found to be most useful.
by FIREchief
Wed Oct 18, 2017 11:25 pm
Forum: Investing - Theory, News & General
Topic: Is HSA Bank + TD Ameritrade still the best HSA choice?
Replies: 23
Views: 1913

Re: Is HSA Bank + TD Ameritrade still the best HSA choice?

I think that Fidelity is the best HSA choice but, unfortunately, it is only available if your Megacorp chooses to use them for active employees.
by FIREchief
Wed Oct 18, 2017 11:23 pm
Forum: Personal Finance (Not Investing)
Topic: [If I die before my spouse, how to direct Vanguard advisors?]
Replies: 38
Views: 2693

Re: [If I die before my spouse, how to direct Vanguard advisors?]

Therefore, my plan is to use a signed "letter of instruction" to Vanguard stating that upon my death (and it's accompanying "step up in basis"), Vanguard should exchange ALL my Funds (both taxable and tax advantaged) into the LifeStrategy Moderate Growth fund (VSMGX). What is a "signed letter of in...
by FIREchief
Wed Oct 18, 2017 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: Life in AMT Hell (or, How I Learned to Keep Worrying and Hate the Exemption Phaseout)
Replies: 37
Views: 4515

Re: Life in AMT Hell (or, How I Learned to Keep Worrying and Hate the Exemption Phaseout)

Once you're into the AMT exemption phase out zone, your marginal rate is 35%. In some situations, you'll eventually exhaust the AMT exemption and fall back into a 28% AMT marginal rate until you re-enter the normal brackets (i.e. the AMT "sweet spot"). If you can shift income or AMT-allowed exemptio...
by FIREchief
Mon Oct 16, 2017 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: Wills/Trust/Estate Planning - How best to review legal documents
Replies: 21
Views: 1609

Re: Wills/Trust/Estate Planning - How best to review legal documents

How do I best go about reviewing this lengthy, legal document? I tried reading and the wording is obscure, and it would take a me significant amount of time to decipher the true meaning. I trust the attorney, but my motto has always "trust but verify". Furthermore, there could be potential mistakes...
by FIREchief
Sun Oct 15, 2017 11:43 pm
Forum: Personal Finance (Not Investing)
Topic: First Post (gulp) - Request for Advice on selling inherited home
Replies: 20
Views: 1608

Re: First Post (gulp) - Request for Advice on selling inherited home

We've received many (20+) letters from people offering to buy the house in cash and handle the estate sale. It's so tempting because we are way too busy to spend a lot of time with the process and we don't want it to linger. I would respond to all of the people offering to buy the house. To the hig...
by FIREchief
Fri Oct 13, 2017 10:50 pm
Forum: Personal Finance (Not Investing)
Topic: Intentionally Defective Grantor Trust to avoid estate tax limit?
Replies: 20
Views: 1668

Re: Trust to avoid estate tax limit?

Bsteiner has frequently discussed intentionally defective grantor trusts on this forum. Basically it is an irrevocable trust for estate tax purposes but is treated as a grantor trust for income tax purposes. The effect of this is that, even though the grantor has moved the assets from his estate, t...
by FIREchief
Fri Oct 13, 2017 10:46 pm
Forum: Personal Finance (Not Investing)
Topic: Help me understand what happens with the new law and ACA subsidies
Replies: 80
Views: 5648

Re: Help me understand what happen with the new law and ACA subsidies

Actionable items: Get a job with group insurance Marry someone with group insurance Houston, we may have a problem. (1) I may be too old to get a job, but too young to be on Medicare. (2) I can't find someone with group insurance to marry. Actionable alternative three: If you are too young for Medi...
by FIREchief
Fri Oct 13, 2017 3:24 am
Forum: Personal Finance (Not Investing)
Topic: Intentionally Defective Grantor Trust to avoid estate tax limit?
Replies: 20
Views: 1668

Re: Trust to avoid estate tax limit?

I will be interested in hearing from the experts. My understanding is that gifts to an irrevocable trust count against the lifetime exclusion, so that they only avoid estate/gift taxes to the extent that they place growth in tax liability into the trust (at the expense of loss of step up basis). If ...
by FIREchief
Fri Oct 13, 2017 3:21 am
Forum: Personal Finance (Not Investing)
Topic: Best Career Advice for those over "50"
Replies: 60
Views: 6286

Re: Best Career Advice for those over "50"

What a great thread!! I 100% agree with those who suggested save, save and save some more so that if by any means possible by age 50 you could walk away and not wind up eating dog food. Look around you with open eyes. Does your company run an active program to push out those over 50? Over 55? I neve...
by FIREchief
Thu Oct 12, 2017 4:04 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Non-US Valuations Look Attractive
Replies: 73
Views: 6923

Re: Larry Swedroe: Non-US Valuations Look Attractive

azanon wrote:
Thu Oct 12, 2017 1:24 pm
So someone's math is wrong, and as analytical as the folks at researchaffiliates are, i don't like Larry's odds in that competition.
Predicting the future and math are really two different things. 8-)
by FIREchief
Thu Oct 12, 2017 12:17 am
Forum: Personal Finance (Not Investing)
Topic: Corporate wellness program earnings deducted from paycheck
Replies: 7
Views: 753

Re: Corporate wellness program earnings deducted from paycheck

Just when I thought I had seen the worst of Megacorp....... :oops:
by FIREchief
Wed Oct 11, 2017 10:12 pm
Forum: Personal Finance (Not Investing)
Topic: 2 factor authentication - What if something happens to you?
Replies: 50
Views: 4147

Re: 2 factor authentication - What if something happens to you?

I don't know why, but I never looked at estate planning in this fashion, even though I have a trust which gives my executor broad powers! I'm guessing that your successor trustee and the person nominated as executor of your estate are the same person. Correct? (otherwise your comment would be probl...
by FIREchief
Wed Oct 11, 2017 8:32 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Non-US Valuations Look Attractive
Replies: 73
Views: 6923

Re: Larry Swedroe: Non-US Valuations Look Attractive

visualguy wrote:
Wed Oct 11, 2017 5:24 pm

Some say go active... Evidently, in Europe even the average active fund beats the index:
How is that possible mathematically?
by FIREchief
Wed Oct 11, 2017 5:13 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Non-US Valuations Look Attractive
Replies: 73
Views: 6923

Re: Larry Swedroe: Non-US Valuations Look Attractive

If a person chooses to shift more into international because they feel the increased diversification is worth the slightly increased costs and volatility; then it may be a reasonable long term move. If a person chooses to shift more into international because "Lower valuations internationally imply ...
by FIREchief
Wed Oct 11, 2017 2:46 pm
Forum: Personal Finance (Not Investing)
Topic: 2 factor authentication - What if something happens to you?
Replies: 50
Views: 4147

Re: 2 factor authentication - What if something happens to you?

In your example, I can see how Joe would be "out of luck" (then again, if the guy doesn't know that Jane in reality despises him, well...). OTOH, isn't it common practice for married individuals to share access? What about joint accounts? If Jane secretly despises Joe after all those years, then I ...
by FIREchief
Wed Oct 11, 2017 1:51 am
Forum: Investing - Theory, News & General
Topic: Vanguard's long-term outlook for TIPS
Replies: 92
Views: 7025

Re: Vanguard's long-term outlook for TIPS

Currently, little if any inflation is priced into TIPS and it may be a good time to pick up some protection for unexpected inflation with a modest portion of the bond portfolio. Isn't "buying" inflation protection for only a modest portion of your bond portfolio like buying fire insurance only for ...
by FIREchief
Tue Oct 10, 2017 11:11 pm
Forum: Investing - Theory, News & General
Topic: Buy when there's blood in the streets!
Replies: 39
Views: 6277

Re: Buy when there's blood in the streets!

During accumulation, I bought all the time and never even checked the streets. 8-)
by FIREchief
Tue Oct 10, 2017 10:43 pm
Forum: Personal Finance (Not Investing)
Topic: 2 factor authentication - What if something happens to you?
Replies: 50
Views: 4147

Re: 2 factor authentication - What if something happens to you?

The principle is that authority and privilege enabled by account credentials should align with legal authority and privileges based on account title, estate executors, and power of attorneys. Vanguard is legally responsible to provide access and account privileges based on legal authority, and they...
by FIREchief
Tue Oct 10, 2017 8:29 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's long-term outlook for TIPS
Replies: 92
Views: 7025

Re: Vanguard's long-term outlook for TIPS

A stupid move for me anyway is investing in anything where there's no consensus. So what do you invest in? There isn't even a consensus on this forum that stocks and bonds are optimum investments. Some argue for rental properties and bitcoin. Others may argue for gold, commodities, antiques, etc. :...
by FIREchief
Tue Oct 10, 2017 8:16 pm
Forum: Personal Finance (Not Investing)
Topic: Downgrading automobile
Replies: 10
Views: 1593

Re: Downgrading automobile

The bid/ask spreads on cars are awful. Often thousands of dollars. For this reason, I only buy new cars (modest, reliable, safe) and drive them until they are no longer safe or reliable. Also, the best way I've ever found to optimize car finances is to have as few cars as possible. It baffles me why...
by FIREchief
Tue Oct 10, 2017 8:08 pm
Forum: Personal Finance (Not Investing)
Topic: 2 factor authentication - What if something happens to you?
Replies: 50
Views: 4147

Re: 2 factor authentication - What if something happens to you?

I am interpreting VG's policy to mean if one's account is compromised by the individual(s) the online access information is shared with (otherwise, how could one engage in effective estate planning?). If the wife of Boulderboy's buddy's is going to compromise his buddy's account, his friend has eve...
by FIREchief
Tue Oct 10, 2017 7:59 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity Security
Replies: 66
Views: 6413

Re: Fidelity Security

In light of this, I'm still not convinced the Symantec VIP app adds any worthwhile security to our accounts. It certainly adds a level of inconvenience, especially if we lose/wipe whatever gadget (phone/tablet) we installed the app on. Assume that through malware, a hacker has captured your usernam...
by FIREchief
Tue Oct 10, 2017 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: HSA’s: What level of risk do you prefer?
Replies: 58
Views: 3775

Re: HSA’s: What level of risk do you prefer?

Between reimbursing for past expenses, paying all Medicare premiums, co-pays, medications, transportation, hearing aids, dental expenses, and various other healthcare-related expenses, I just can't imagine having too much in an HSA although if one is super-healthy, that might well be the case. If I...
by FIREchief
Tue Oct 10, 2017 7:30 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's long-term outlook for TIPS
Replies: 92
Views: 7025

Re: Vanguard's long-term outlook for TIPS

A stupid move for me anyway is investing in anything where there's no consensus. So what do you invest in? There isn't even a consensus on this forum that stocks and bonds are optimum investments. Some argue for rental properties and bitcoin. Others may argue for gold, commodities, antiques, etc. :...
by FIREchief
Tue Oct 10, 2017 5:07 pm
Forum: Personal Finance (Not Investing)
Topic: Cheapest thing you ever heard of to save money
Replies: 34
Views: 2619

Re: Cheapest thing you ever heard of to save money

My grade school had a pay phone. Rather than spend a nickel to call mom/dad for a ride home (after some after-school or nighttime event), you would dial the number and let it ring once then hang up. Over the course of a school year, this saved about 25 cents.
by FIREchief
Tue Oct 10, 2017 12:37 am
Forum: Investing - Theory, News & General
Topic: Vanguard's long-term outlook for TIPS
Replies: 92
Views: 7025

Re: Vanguard's long-term outlook for TIPS

It's too expensive to use TIPS for a entire retirement LMP. ??!! There is absolutely no "expense" to using TIPS. There are zero expenses to purchasing them at auction and no recurring ERs. I'm even getting a semiannual coupon that I can use to buy a few more bonds or take a nice vacation. Way back ...
by FIREchief
Tue Oct 10, 2017 12:17 am
Forum: Personal Finance (Not Investing)
Topic: HSA’s: What level of risk do you prefer?
Replies: 58
Views: 3775

Re: HSA’s: What level of risk do you prefer?

Therefore if you are making traditional, deferred contributions to an IRA or 401k, bonds would take priority there over an HSA. Your last HSA dollar distributed might be treated as no worse than tax deferred but has a chance to be tax free. Your "HSA last dollar distributed" will be treated worse t...
by FIREchief
Mon Oct 09, 2017 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: HSA’s: What level of risk do you prefer?
Replies: 58
Views: 3775

Re: HSA’s: What level of risk do you prefer?

During accumulation years, 100% equities. During retirement years, 100% fixed.
by FIREchief
Mon Oct 09, 2017 6:06 pm
Forum: Investing - Theory, News & General
Topic: Probably a very simple investing principle but....
Replies: 22
Views: 2000

Re: Probably a very simple investing principle but....

IExample: Buy a stock for $100. It goes up to $110. Yay. Then have a big crash and the stock price is $50. Uh oh. After 5 years, stock price is now back to the original buy of $100. Am I right where I started off 5 years later or is there something else going on and I may be up more than my origina...
by FIREchief
Mon Oct 09, 2017 6:02 pm
Forum: Investing - Theory, News & General
Topic: Bogle himself is saying we will expect like 3% for the next decades
Replies: 141
Views: 15539

Re: Bogle himself is saying we will expect like 3% for the next decades

So if I decide to sell all my stocks and bonds and place everything in real estate and bitcoin, what is the optimal AA? Sounds like 99% real estate/1% bitcoin might be a sweeet spot. :twisted:
by FIREchief
Mon Oct 09, 2017 6:01 pm
Forum: Investing - Theory, News & General
Topic: Bogle himself is saying we will expect like 3% for the next decades
Replies: 141
Views: 15539

Re: Bogle himself is saying we will expect like 3% for the next decades

Yep as great as Jack Bogle his, his crystal ball is just as reliable as the talking heads on market watch, cnbc, and etc. Actually Mr. Bogle doesn't use a crystal ball, he uses the Gordon equation, of earnings growth rate + dividend yield=fundamental return, which has been fairly accurate in tracki...
by FIREchief
Mon Oct 09, 2017 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: How to deal with estate with no liquid assets and a house?
Replies: 17
Views: 1263

Re: How to deal with estate with no liquid assets and a house?

Why not just sell it like it is, pay the debts from the proceeds and distribute the balance? Gill Gill read my mind. Isn't this why we have things called "estate sales." The only person I would imagine would be pushing for the initial plan is some realtor who wants to wind up with an easier/more pr...
by FIREchief
Mon Oct 09, 2017 4:30 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's long-term outlook for TIPS
Replies: 92
Views: 7025

Re: Vanguard's long-term outlook for TIPS

Currently, little if any inflation is priced into TIPS and it may be a good time to pick up some protection for unexpected inflation with a modest portion of the bond portfolio. Isn't "buying" inflation protection for only a modest portion of your bond portfolio like buying fire insurance only for ...
by FIREchief
Mon Oct 09, 2017 3:51 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with maturing TIP funds
Replies: 4
Views: 321

Re: What to do with maturing TIP funds

Since I don't look for growth in my LMP, I just buy new 10 year TIPS at auction as I have fixed income cash to invest (they are available every other month). By holding them individually, I'm gaining about another 0.1% return vs. buying a TIPS fund, which is just a nice (very small) bonus. I don't e...