Search found 2435 matches

by FIREchief
Sun Aug 19, 2018 10:14 am
Forum: Personal Finance (Not Investing)
Topic: Costco Eyeglasses - No satisfaction guarantee. Any chance of resolution?
Replies: 46
Views: 30224

Re: Costco Eyeglasses - No satisfaction guarantee. Any chance of resolution?

kjvmartin wrote:
Sun Aug 19, 2018 7:13 am
It's very important for me to try on my frames and get the best product available. I have a very strong Rx.
That's the challenge with on-line shopping for glasses. Fortunately, I've bought the same frame the past several pairs, so I know what I want.
by FIREchief
Sat Aug 18, 2018 9:19 pm
Forum: Investing - Theory, News & General
Topic: Vanguard predicts 10 year equity returns
Replies: 63
Views: 6178

Re: Predicting the stock market.

In my opinion, no one can predict the stock market. We get what the market gives. Hear! Hear! Great words of wisdom and an educational opportunity for those whose get distracted by shiny new articles written by, or based upon research by, people with a long string of awards, academic titles, etc. N...
by FIREchief
Sat Aug 18, 2018 9:07 pm
Forum: Personal Finance (Not Investing)
Topic: Costco Eyeglasses - No satisfaction guarantee. Any chance of resolution?
Replies: 46
Views: 30224

Re: Costco Eyeglasses - No satisfaction guarantee. Any chance of resolution?

This year, my Rx changed a smidge and my frames were two years old, so I decided to use up my insurance benefits (just about to change jobs). I've got a fairly sizable face, am 6'4, and tend to be active when it comes time for various training events - work in law enforcement. Long distance vision ...
by FIREchief
Sat Aug 18, 2018 6:01 pm
Forum: Personal Finance (Not Investing)
Topic: Costco Eyeglasses - No satisfaction guarantee. Any chance of resolution?
Replies: 46
Views: 30224

Re: Costco Eyeglasses - No satisfaction guarantee. Any chance of resolution?

This year, my Rx changed a smidge and my frames were two years old, so I decided to use up my insurance benefits (just about to change jobs). I've got a fairly sizable face, am 6'4, and tend to be active when it comes time for various training events - work in law enforcement. Long distance vision ...
by FIREchief
Sat Aug 18, 2018 5:53 pm
Forum: Personal Finance (Not Investing)
Topic: Real estate dropping like a rock in U.K. - can the U.S. be far behind?
Replies: 33
Views: 3784

Re: Real estate dropping like a rock in U.K. - can the U.S. be far behind?

In the US, I would expect the new talk laws to be a key driver to reduced demand. For a large number of modest home buyers, the government will no longer be subsidizing their house purchase.
by FIREchief
Fri Aug 17, 2018 9:15 pm
Forum: Personal Finance (Not Investing)
Topic: Terminating an employee with company car
Replies: 62
Views: 5693

Re: Terminating an employee with company car

When my megacorp does this, they have a black car service drive the employee home from the office. Limo or hearse?? I would look up the employee's home address, check a taxi fare on-line estimator and give the employee 150% of the approximate fare in cash. How they get home at that point is not my ...
by FIREchief
Fri Aug 17, 2018 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Investment Policy Statement
Replies: 61
Views: 2965

Re: Trust Investment Policy Statement

I checked and Schwab will still serve as administrative trustee with someone else responsible for investment management. In the past, they said that this someone had to be part of their advisor network. I did not see that this time. If they would do the admin work, long term, presumably staying in ...
by FIREchief
Fri Aug 17, 2018 4:09 pm
Forum: Investing - Help with Personal Investments
Topic: Elderly Relative Short on Money
Replies: 87
Views: 6271

Re: Elderly Relative Short on Money

mouses wrote:
Fri Aug 17, 2018 2:35 pm
With just one person, separate units would not be necessary.
That my friend would depend entirely on the persons involved. In some situations, that duplex might be "too far away." In others, 1000 miles might not be quite enough. :wink:
by FIREchief
Fri Aug 17, 2018 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: Take auto loan 0.9% if I can afford cash?
Replies: 112
Views: 5693

Re: Take auto loan 0.9% if I can afford cash?

In prior discussions on this forum, many have promoted purchasing Toyota/Honda/Subaru/etc. vehicles new instead of used in light of the additional life you'd get out of the car (particularly if you drive them until they die) and the fact that they depreciate at a slower rate than American and Europ...
by FIREchief
Fri Aug 17, 2018 1:58 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)
Replies: 648
Views: 55551

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

I just skimmed the prospectus for these new ZERO funds. It looks like they will only be distributing dividends and capital gains once a year (December). That's a step beyond FSTVX (Fidelity US total market) that only distributes twice a year (April and December). Not sure if this is a cost cutting ...
by FIREchief
Fri Aug 17, 2018 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: Take auto loan 0.9% if I can afford cash?
Replies: 112
Views: 5693

Re: Take auto loan 0.9% if I can afford cash?

In prior discussions on this forum, many have promoted purchasing Toyota/Honda/Subaru/etc. vehicles new instead of used in light of the additional life you'd get out of the car (particularly if you drive them until they die) and the fact that they depreciate at a slower rate than American and Europ...
by FIREchief
Fri Aug 17, 2018 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: Take auto loan 0.9% if I can afford cash?
Replies: 112
Views: 5693

Re: Take auto loan 0.9% if I can afford cash?

Are you buying full coverage insurance regardless of paying cash or taking loan? If you pay cash, you can save a lot with liability insurance. How will paying cash save you anything on liability insurance? I've never heard of such a thing. :confused When a question was posed "pay cash vs. take loan...
by FIREchief
Fri Aug 17, 2018 1:21 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)
Replies: 648
Views: 55551

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

I just skimmed the prospectus for these new ZERO funds. It looks like they will only be distributing dividends and capital gains once a year (December). That's a step beyond FSTVX (Fidelity US total market) that only distributes twice a year (April and December). Not sure if this is a cost cutting ...
by FIREchief
Fri Aug 17, 2018 1:18 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)
Replies: 648
Views: 55551

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

I ran into an interesting obstacle today while trying to transfer into one of these new funds from another Fidelity fund. I apologize if this has been mentioned but I have only read bits and pieces of this thread. Fidelity customer service informed me that my Rollover IRA is in the "old" mutual fun...
by FIREchief
Fri Aug 17, 2018 1:16 pm
Forum: Investing - Theory, News & General
Topic: Very confused with the current market
Replies: 112
Views: 12449

Re: Very confused with the current market

I know someone who puts money in her 401b. She is invested in all available funds in equal amounts. Yikes! She has never read a book on investing. I doubt she maxes the. 401b - I think pension she will have makes her believe she doesn’t need to save. I know this may sound ridiculous, but in her min...
by FIREchief
Fri Aug 17, 2018 12:55 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Valuations Too High?
Replies: 207
Views: 11321

Re: Larry Swedroe: Valuations Too High?

Strawman or not, you failed to answer the question "why not just buy the individual stocks that have the lowest P/E ratios?" (I've known people that actually used that strategy) :annoyed I don't like answering insincere questions. (1) You know the point of diversification just as well as anyone in ...
by FIREchief
Fri Aug 17, 2018 12:35 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)
Replies: 648
Views: 55551

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

I just skimmed the prospectus for these new ZERO funds. It looks like they will only be distributing dividends and capital gains once a year (December). That's a step beyond FSTVX (Fidelity US total market) that only distributes twice a year (April and December). Not sure if this is a cost cutting m...
by FIREchief
Thu Aug 16, 2018 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: Help with inheritance choice
Replies: 38
Views: 3178

Re: Help with inheritance choice

Thank you all for your thoughtful responses. I asked my parents to name me as beneficiary for 500k in bank CD’s and 500k in retirement account and they agreed. For those who are curious, the rest of the beneficiaries are charities and few other relatives. I requested this mix because they don’t hav...
by FIREchief
Thu Aug 16, 2018 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: Help with inheritance choice
Replies: 38
Views: 3178

Re: Help with inheritance choice

If he takes the 100% after tax CD and invests it in a total market index fund, won't everything but the dividends also be tax deferred? The dividends will only be taxed at capital gains rates and if he ever sells the inflated principle, the gains will be similarly taxed . Any gains in the tIRA will...
by FIREchief
Thu Aug 16, 2018 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: Take auto loan 0.9% if I can afford cash?
Replies: 112
Views: 5693

Re: Take auto loan 0.9% if I can afford cash?

Are you buying full coverage insurance regardless of paying cash or taking loan? If you pay cash, you can save a lot with liability insurance. How will paying cash save you anything on liability insurance? I've never heard of such a thing. :confused My *guess* is that its not so much paying cash bu...
by FIREchief
Thu Aug 16, 2018 2:11 pm
Forum: Personal Finance (Not Investing)
Topic: Deferred annuity inheritance
Replies: 6
Views: 326

Re: Deferred annuity inheritance

I would just cash it out in 2019 and pay the taxes. One less thing to deal with in your later years. Also, you can invest some or all in equities if you wish.
by FIREchief
Thu Aug 16, 2018 1:43 pm
Forum: Investing - Help with Personal Investments
Topic: Inheritance question - beneficiary is a spend thrift
Replies: 13
Views: 1562

Re: Inheritance question - beneficiary is a spend thrift

Based upon the limited information provided, it sounds like a qualified accumulation trust with an independent trustee might be the best approach. Because the son is young (25) the required RMDs from the inherited IRA (the 401k assets would likely be rolled into an inherited IRA via trustee to trust...
by FIREchief
Thu Aug 16, 2018 1:31 pm
Forum: Investing - Theory, News & General
Topic: Fidelity 401(k) millionaires hits record high
Replies: 48
Views: 5134

Re: Fidelity 401(k) millionaires hits record high

This is when I start kicking myself for not being able to invest until THIS YEAR :oops: Don't get too down, they did say the 168,000 people were " exclusive group of savers is still just a fraction of the 16.1 million people who have a 401(k) account managed by the fund company " I was curious what...
by FIREchief
Thu Aug 16, 2018 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: Refusing a Portion of Inherited IRA
Replies: 8
Views: 819

Re: Refusing a Portion of Inherited IRA

LHDS wrote:
Thu Aug 16, 2018 7:29 am
This is not for tax - rather to maintain equality in ownership of assets without having to deal with "interpretations" of state's definition of marital assets should that ever be an issue.
I don't understand this. How would this ever become an issue?
by FIREchief
Thu Aug 16, 2018 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Investment Policy Statement
Replies: 61
Views: 2965

Re: Trust Investment Policy Statement

I would check into Members Trust Company which is a national trustee owned by credit unions. I spoke with them and they use low cost index funds and ETFs in different types of asset allocations, I.e. income, conservative, moderate, aggressive. If you want a copy of the information they sent me just...
by FIREchief
Thu Aug 16, 2018 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: Help with inheritance choice
Replies: 38
Views: 3178

Re: Help with inheritance choice

If he takes the 100% after tax CD and invests it in a total market index fund, won't everything but the dividends also be tax deferred? The dividends will only be taxed at capital gains rates and if he ever sells the inflated principle, the gains will be similarly taxed . Any gains in the tIRA will...
by FIREchief
Thu Aug 16, 2018 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Investment Policy Statement
Replies: 61
Views: 2965

Re: Trust Investment Policy Statement

I would check into Members Trust Company which is a national trustee owned by credit unions. I spoke with them and they use low cost index funds and ETFs in different types of asset allocations, I.e. income, conservative, moderate, aggressive. If you want a copy of the information they sent me just...
by FIREchief
Wed Aug 15, 2018 10:21 pm
Forum: Personal Finance (Not Investing)
Topic: Help with inheritance choice
Replies: 38
Views: 3178

Re: Help with inheritance choice

The inherited IRA will grow tax deferred for the next 40+ years. You'll only have to take out small distributions each year. In the long run the bank CD will NOT be worth more. You're getting some terrible advice on this forum. If he takes the 100% after tax CD and invests it in a total market inde...
by FIREchief
Wed Aug 15, 2018 7:20 pm
Forum: Personal Finance (Not Investing)
Topic: Help with inheritance choice
Replies: 38
Views: 3178

Re: Help with inheritance choice

My parents who are in their early 80’s have offered me the choice of inheriting 1 million from their TIAA retirement account or 1 million from their bank account CD’s upon their passing. If it were me, I would ask them to leave me the $1M cash from the CDs in a trust that allows me to serve as my o...
by FIREchief
Wed Aug 15, 2018 6:35 pm
Forum: Personal Finance (Not Investing)
Topic: Take auto loan 0.9% if I can afford cash?
Replies: 112
Views: 5693

Re: Take auto loan 0.9% if I can afford cash?

thangngo wrote:
Wed Aug 15, 2018 2:21 pm
Are you buying full coverage insurance regardless of paying cash or taking loan?

If you pay cash, you can save a lot with liability insurance.
How will paying cash save you anything on liability insurance? I've never heard of such a thing. :confused
by FIREchief
Wed Aug 15, 2018 10:38 am
Forum: Personal Finance (Not Investing)
Topic: Take auto loan 0.9% if I can afford cash?
Replies: 112
Views: 5693

Re: Take auto loan 0.9% if I can afford cash?

markfaix wrote:
Wed Aug 15, 2018 8:27 am
Would you take a car loan that you didn’t need?
I would and have (twice). Both times, 0% for 36 months. I fully understand the emotional aspect of avoiding a car loan, but if your financial situation is extremely stable, then it is just a free loan. That is a good thing. :beer
by FIREchief
Tue Aug 14, 2018 10:54 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Investment Policy Statement
Replies: 61
Views: 2965

Re: Trust Investment Policy Statement

Thanks for the report Luckywon. I don't really understand what would constitute "too controlling," although that would very likely be up to their legal department. That's probably much better than butting up against some blanket corporate policy. Hopefully, one of these days, we'll receive an actua...
by FIREchief
Tue Aug 14, 2018 4:10 pm
Forum: Investing - Theory, News & General
Topic: Swedroe's guidelines to Bonds
Replies: 137
Views: 14252

Re: Swedroe's guidelines to Bonds

Or I could tilt the whole thing towards treasuries, despite their losing to inflation Why do you think that treasuries will "lose to inflation?" :confused If I'm reading it correctly, Treasury Funds for 3 years are negative (but I am a rookie, I don't even know if the numbers include the coupon or ...
by FIREchief
Mon Aug 13, 2018 11:47 pm
Forum: Investing - Help with Personal Investments
Topic: Asked my advisor about fees and here's their reply
Replies: 40
Views: 5196

Re: Asked my advisor about fees and here's their reply

I'm new to the Boglehead/Vanguard approach, and have taken note of some of the books recommended here and will be buying those asap. I'm with a traditional advisor and have gotten pretty worried that I'm not ever going to be able to retire. You are in the right place. If you haven't already learned...
by FIREchief
Mon Aug 13, 2018 10:15 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Investment Policy Statement
Replies: 61
Views: 2965

Re: Trust Investment Policy Statement

I was torn between making the language too restrictive, in which case the commercial trustees would decline to serve, and giving no guidance what-so-ever, which is like throwing money into the wind. With any luck... we will live long enough that our scion will be fully mature and able to handle a w...
by FIREchief
Mon Aug 13, 2018 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Investment Policy Statement
Replies: 61
Views: 2965

Re: Trust Investment Policy Statement

This morning I spoke to the Trust Departments at Schwab and Vanguard. A few points I gleaned: -Both Vanguard and Schwab profess to have a strong preference to invest in low cost passive index funds/ETFs. They would both be amenable to guidance within the Trust documents (as long as it is not too co...
by FIREchief
Mon Aug 13, 2018 7:11 pm
Forum: Personal Finance (Not Investing)
Topic: Can the greedy 'Private Bank' make any money off my index funds?
Replies: 21
Views: 2094

Re: Can the greedy 'Private Bank' make any money off my index funds?

Can somebody help me out here? What is "Private Bank?" Is it just a services tier at some Megabank whose name we would all recognize?
by FIREchief
Mon Aug 13, 2018 6:47 pm
Forum: Investing - Theory, News & General
Topic: Swedroe's guidelines to Bonds
Replies: 137
Views: 14252

Re: Swedroe's guidelines to Bonds

stvyreb wrote:
Mon Aug 13, 2018 5:45 pm
Or I could tilt the whole thing towards treasuries, despite their losing to inflation
Why do you think that treasuries will "lose to inflation?" :confused
by FIREchief
Mon Aug 13, 2018 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Investment Policy Statement
Replies: 61
Views: 2965

Re: Trust Investment Policy Statement

Here are some snips from the IPS we included as an appendix to our trust docs. We had it reviewed by the bank's trust department. What did the bank's trust department say? Did they have it reviewed by their legal department? Did they provide any formal response (written or otherwise)? Does you trus...
by FIREchief
Mon Aug 13, 2018 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Implications for Beneficiaries
Replies: 3
Views: 302

Re: Tax Implications for Beneficiaries

Simply list all the kids as beneficiaries on each account, which ensures they get an equal share of assets. The fact that Fred might have to pay his state tax on a distribution but Mary may not should not be considered IMO. Make it too complex, Fred moves and changes again have to be made. Also, Ma...
by FIREchief
Mon Aug 13, 2018 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Investment Policy Statement
Replies: 61
Views: 2965

Re: Trust Investment Policy Statement

Here are some snips from the IPS we included as an appendix to our trust docs. We had it reviewed by the bank's trust department. What did the bank's trust department say? Did they have it reviewed by their legal department? Did they provide any formal response (written or otherwise)? Does your tru...
by FIREchief
Mon Aug 13, 2018 1:31 pm
Forum: Investing - Theory, News & General
Topic: New York Times--Vanguard Warns of Worsening Odds for the Economy and Markets
Replies: 67
Views: 9625

Re: New York Times--Vanguard Warns of Worsening Odds for the Economy and Markets

When Rick Ferri, or William Bernstein, or, heck, even the BH Wiki predict that future returns will be lower than we have been accustomed to, nobody slams them. No, we don't "slam" them, but I do tend to post comments suggesting that they are wasting their time trying to predict the future. I like R...
by FIREchief
Mon Aug 13, 2018 12:16 pm
Forum: Investing - Theory, News & General
Topic: New York Times--Vanguard Warns of Worsening Odds for the Economy and Markets
Replies: 67
Views: 9625

Re: New York Times--Vanguard Warns of Worsening Odds for the Economy and Markets

When Rick Ferri, or William Bernstein, or, heck, even the BH Wiki predict that future returns will be lower than we have been accustomed to, nobody slams them. No, we don't "slam" them, but I do tend to post comments suggesting that they are wasting their time trying to predict the future. I like R...
by FIREchief
Mon Aug 13, 2018 12:14 pm
Forum: Investing - Theory, News & General
Topic: New York Times--Vanguard Warns of Worsening Odds for the Economy and Markets
Replies: 67
Views: 9625

Re: New York Times--Vanguard Warns of Worsening Odds for the Economy and Markets

I think it's entirely reasonable to consider expected returns when doing financial planning. I'm not sure why so many posters here dismiss forecasts out of hand. The message is not that you should overreact and sell everything. I eschew forecasts because investing is nested in a complex adaptive sy...
by FIREchief
Mon Aug 13, 2018 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard updated 1099 in August!
Replies: 28
Views: 1980

Re: Vanguard updated 1099 in August!

Dale_G wrote:
Sun Aug 12, 2018 11:15 pm
So, I am on pins and needles - what was the name of the fund?

Dale
+1 I would like the hear this too.
by FIREchief
Mon Aug 13, 2018 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: High Deductible Health Plans & Retirement
Replies: 11
Views: 1562

Re: High Deductible Health Plans & Retirement

Keep in mind that some (most?) employers may only offer COBRA coverage to continue the plan you are in upon retirement. If you are in an HMO plan and want 18 months of coverage, you may be stuck paying much higher COBRA premiums than if you are in an HDHP. Check with your benefits staff. Mine were (...
by FIREchief
Mon Aug 13, 2018 11:55 am
Forum: Personal Finance (Not Investing)
Topic: Financial Advisor Mandatory?
Replies: 36
Views: 3105

Re: Financial Advisor Mandatory?

...We have another couple that we know and they shared last night at dinner that they pay 3.5% per year for their 2 advisor s. Crazy stuff, I just politely nodded. Male half said as long as they were "making him money," that he was ok with the fees. Don't ever take any financial advice from these f...
by FIREchief
Mon Aug 13, 2018 1:05 am
Forum: Investing - Help with Personal Investments
Topic: Shiller Barclays CAPE® US Sector Risk Controlled 10% USD Total Return Index
Replies: 5
Views: 1333

Re: magic beans

The results are back tested based on historical data. So it’s hypothetical, but not an estimate or shot in the dark. You need to understand something here Jason. If you develop a predictive model based upon historical data, and then "backtest" it against the very same data, it is totally invalid fr...
by FIREchief
Sun Aug 12, 2018 9:53 pm
Forum: Investing - Theory, News & General
Topic: Swedroe's guidelines to Bonds
Replies: 137
Views: 14252

Re: Swedroe's guidelines to Bonds

I prefer TIPS over CDs because I like the dirt cheap inflation insurance. If I am understanding correctly, when inflation is lower than expected, the TIPS will provide a return that is less than the equivalent non-inflation protected treasury security. Is that right? That turned me off a bit on TIP...
by FIREchief
Sun Aug 12, 2018 5:59 pm
Forum: Investing - Theory, News & General
Topic: Swedroe's guidelines to Bonds
Replies: 137
Views: 14252

Re: Swedroe's guidelines to Bonds

It looks like I align pretty well with Larry's bond recommendations. I prefer TIPS over CDs because I like the dirt cheap inflation insurance.