Search found 2894 matches

by psteinx
Mon Nov 26, 2018 5:06 pm
Forum: Investing - Theory, News & General
Topic: Fisher Investments - Help a family member leave
Replies: 28
Views: 2762

Re: Fisher Investments - Help a family member leave

OK, so you're an "invited guest", so to speak. :) How long has he been with Fisher, to your knowledge? What was he doing before that? Were I in your shoes, I'm not sure I'd be very open-ended about any proposed questions - that just invites further salesmanship from Fisher. Does he really understand...
by psteinx
Mon Nov 26, 2018 4:55 pm
Forum: Investing - Theory, News & General
Topic: Fisher Investments - Help a family member leave
Replies: 28
Views: 2762

Re: Fisher Investments - Help a family member leave

My uncle currently uses Fisher Investments. He told me he is going to one of their meetings tomorrow (I assume some additional sales pitch). I want to give him a list of questions to ask and thought the board may have some good ideas. Is there some special reason you think he would be receptive to,...
by psteinx
Tue Nov 20, 2018 12:44 pm
Forum: Investing - Theory, News & General
Topic: Full page ad in WSJ - https://indexingonsteroids.com/
Replies: 8
Views: 1646

Re: Full page ad in WSJ - https://indexingonsteroids.com/

I went to the website in question. From quick appearances/skim: This guy is an 85 year old medical doctor (presumably retired or semi-retired at least). Who likes investing, and is writing a book advocating his particular ideas (but the book isn't done). And who is pitching his ideas via the website...
by psteinx
Wed Nov 14, 2018 10:10 am
Forum: Personal Finance (Not Investing)
Topic: Buying Property - 20 or 25% down?
Replies: 6
Views: 526

Re: Buying Property - 20 or 25% down?

It's not really about whether you like extra debt at ~5%. Rather, it's an EXTRA 5% borrowed, at a rate that's not just a quarter point higher, but much higher, on that incremental amount, because the higher interest rate applies to the entire loan. i.e. In order to borrow an extra $23,000, the initi...
by psteinx
Thu Nov 08, 2018 3:14 pm
Forum: Investing - Theory, News & General
Topic: Core-4 Investing is LIVE! It really is this time!
Replies: 136
Views: 11611

Re: Core-4 Investing is LIVE! It really is this time!

No. It's for do-it-yourself investors. If someone needs help or wants help, there are recommendations to advisers and asset managers who I know and have vetted. OK, so again, for a SELF-DRIVEN investor, relatively typical for the type who might stumble across your site (as my constructed example tr...
by psteinx
Thu Nov 08, 2018 3:02 pm
Forum: Investing - Theory, News & General
Topic: Core-4 Investing is LIVE! It really is this time!
Replies: 136
Views: 11611

Re: Core-4 Investing is LIVE! It really is this time!

I don't "recommend" any particular portfolio for anyone until I've spoken with them. Many investors can figure this out by themselves. Some cannot. For those people, I'm trying to create a place where you can find a trusted adviser. Not much more to it than that. Rick Ferri So the new site is not r...
by psteinx
Thu Nov 08, 2018 2:54 pm
Forum: Investing - Theory, News & General
Topic: Core-4 Investing is LIVE! It really is this time!
Replies: 136
Views: 11611

Re: Core-4 Investing is LIVE! It really is this time!

Well, what I'm trying to get at is what portfolio you would recommend for basically an "average" investor. Average in this sense being, presumably, well above average in comparison with the US median, but a lot of the lower part of the bell curve (wealth and income-wise) is saving little if anything...
by psteinx
Thu Nov 08, 2018 2:38 pm
Forum: Investing - Theory, News & General
Topic: Core-4 Investing is LIVE! It really is this time!
Replies: 136
Views: 11611

Re: Core-4 Investing is LIVE! It really is this time!

Rick, a hypothetical... A client (or, if you're not professionally advising, a friend, relative, or poster on an internet forum you like :) ) approaches you with these parameters: Age 45. Married, kids almost out of the nest, and education provided for separately from the following. Dual incomes $12...
by psteinx
Thu Nov 08, 2018 2:09 pm
Forum: Investing - Theory, News & General
Topic: Core-4 Investing is LIVE! It really is this time!
Replies: 136
Views: 11611

Re: Core-4 Investing is LIVE! It really is this time!

Some extended thoughts: 1) Preface - I have generally been a fan of Mr. Ferri and his postings on this site (Bogleheads). I have browsed the new site briefly, but not really in-depth. 2) The site design, visually, doesn't seem very crisp or modern. Feels a bit low budget. 3) Mr. Ferri clearly has at...
by psteinx
Wed Nov 07, 2018 5:19 pm
Forum: Personal Finance (Not Investing)
Topic: Cashless warrant exercise - tax consequences?
Replies: 10
Views: 1160

Re: Cashless warrant exercise - tax consequences?

grok - I'm not entirely confident in what brokers may show, for this situation.

Do you have outside references for the tax treatment? (i.e. IRS publications, tax code references, or even information/articles from presumably reputable accountants...)
by psteinx
Wed Nov 07, 2018 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: Cashless warrant exercise - tax consequences?
Replies: 10
Views: 1160

Re: Cashless warrant exercise - tax consequences?

Bumping this - hopefully someone can offer some thoughts, information, and/or references on the tax implications...
by psteinx
Mon Nov 05, 2018 5:11 pm
Forum: Personal Consumer Issues
Topic: Neighbor wants to buy house out of blue but wants us to come up with offer
Replies: 31
Views: 5351

Re: Neighbor wants to buy house out of blue but wants us to come up with offer

Like EV, I would be relatively open to this being a win-win. Yes, this will take some effort on your part (figuring out what a fair or attractive price would be, and doing the negotiation), and the end result is not guaranteed. i.e. You could put in some effort, not be able to strike a deal, and be ...
by psteinx
Mon Nov 05, 2018 5:04 pm
Forum: Personal Consumer Issues
Topic: Buying a mini-van
Replies: 25
Views: 1838

Re: Buying a mini-van

We are on our 3rd family minivan at the moment. (The 2nd had an abbreviated ownership time due to an accident.) For the first minivan, which we had during our 3 kids younger years, for long trips we used portable video players, strapped to the back of headrests. This was an inelegant solution - lots...
by psteinx
Tue Oct 30, 2018 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: Taxable vs 529
Replies: 2
Views: 338

Re: Taxable vs 529

I assume that with sufficient searching, you can find previous threads. Failing that... I am not a lawyer, expert in these things, etc. Plans may vary. Do your own research. That said: 529s: Pros IF ultimately used the right way, then they give you some nice benefits: 1) Tax-free growth. A dollar in...
by psteinx
Tue Oct 30, 2018 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: Should I co-sign for relative?
Replies: 103
Views: 4980

Re: Should I co-sign for relative?

Given additional details by OP, this is an easy hard no. $84K vehicle is not a need. Co-signing is not a need. Relative can get lease on their own, but just wants to save a buck or two. Better would be to save many bucks with a reasonable vehicle. The lessor obviously sees real credit risk in the re...
by psteinx
Tue Oct 30, 2018 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: Supporting dying father and preparing to support his wife?
Replies: 22
Views: 2467

Re: Supporting dying father and preparing to support his wife?

They have no long-term care insurance. I do not know if he has life insurance. They have $400k remaining in his 401k they are actively withdrawing from to pay living expenses. I do not know their "burn-rate," but they seem to be spending lavishly (new Audi SUV, paying dues to a Country Club they no...
by psteinx
Mon Oct 29, 2018 11:59 am
Forum: Personal Finance (Not Investing)
Topic: Sell land at a loss or keep?
Replies: 38
Views: 2932

Re: Sell land at a loss or keep?

As a mildly contrary reply: Think about the reasons you bought this originally, and, moving beyond your regret for the non-use, value decline, and ongoing costs, think about this property's potential utility to you now and in the future. Ten years ago, you thought this land was worth $100K. Probably...
by psteinx
Tue Oct 23, 2018 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: Car lease is up: buy it or get a new lease?
Replies: 46
Views: 3935

Re: Car lease is up: buy it or get a new lease?

OP, you make ~$350K/year, and are spending ~$2.5K/year on your current lease. Assuming you stay in the same ballpark, vehicle-wise, the lease/buy decision won't have a particularly significant impact on your finances either way. Yeah, you could probably lower that ~$2.5K/year by buying a car - perha...
by psteinx
Fri Oct 05, 2018 12:57 pm
Forum: Investing - Theory, News & General
Topic: Key differences between investing philosophies: Swedroe vs. Bogle
Replies: 144
Views: 8170

Re: Key differences between investing philosophies: Swedroe vs. Bogle

The desire to rely on the authority of others ("John Doe says that the right way to allocate a portfolio is XYZ") is understandable, given the complexities of the arguments, the historical record, and trying to place these in present context. That's why it's a relatively frequent topic here. In fact...
by psteinx
Wed Sep 26, 2018 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: Cashless warrant exercise - tax consequences?
Replies: 10
Views: 1160

Re: Cashless warrant exercise - tax consequences?

I'm not sure if there's a real technical difference between a "warrant" and an "option", but my understanding is that in common parlance, warrants are longer term (years instead of months), and tend to be issued directly by the companies in question (yes, some "options" are, too...). The warrants I'...
by psteinx
Wed Sep 26, 2018 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: Filing for partial refund of foreign dividend tax withholding
Replies: 0
Views: 201

Filing for partial refund of foreign dividend tax withholding

So, I hold some Toyota ADRs. My understanding is: BNY Mellon (in the US, I assume) is the issuer, and pays withheld taxes to Japan on the dividends. There are various possible tax rates for this tax based on what type of person/entity/vehicle holds the ADRs, and in the case I'm concerned with, I bel...
by psteinx
Wed Sep 26, 2018 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: Cashless warrant exercise - tax consequences?
Replies: 10
Views: 1160

Cashless warrant exercise - tax consequences?

Example: One has 100 warrants of ABC stock that one has owned for a while (long term). The warrants have a basis of $20 each, and entitle the owner to buy ABC for $50/share. At exercise time, ABC is trading for $100/share, and the owner utilizes a cashless exercise provision, as provided for in the ...
by psteinx
Mon Sep 24, 2018 11:42 am
Forum: Personal Consumer Issues
Topic: Acoustic Pianos
Replies: 42
Views: 2134

Re: Acoustic Pianos

OP, think hard about this decision: Our quick history with pianos. Family of 5 - 3 kids. Youngest of these, when she was circa age 6-7, developed an interest in piano. I think first step was her fooling around with an iPad piano app. Next step was a cheap digital piano and bench. Total cost, around ...
by psteinx
Mon Sep 17, 2018 3:58 pm
Forum: Personal Consumer Issues
Topic: Gas leak detector?
Replies: 21
Views: 1195

Re: Gas leak detector?

For stuff like this, think in terms of monetary and non-monetary* costs, in relation to the likelihood of preventing death, injury and/or property damage. * Things like the time to research, purchase and deploy one or more such devices, to maintain them over the years, and so on. I haven't researche...
by psteinx
Mon Sep 17, 2018 1:37 pm
Forum: Investing - Theory, News & General
Topic: Alternative investments - Art, memorabilia, artifacts, antiques
Replies: 17
Views: 1236

Re: Alternative investments - Art, memorabilia, artifacts, antiques

There have been past threads on collectibles, antiques, and the like. I would be very cautious about accepting the claim of one collector, and extending that broadly - i.e. that you can get market-beating returns by collecting this or that. I've spent probably more time than I should both watching T...
by psteinx
Fri Sep 14, 2018 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: Gifting Shares - ETFs vs. Conventional Mutual Funds
Replies: 14
Views: 802

Gifting Shares - ETFs vs. Conventional Mutual Funds

To what extent do ETFs and conventional mutual funds differ in the ease of gifting shares (with basis intact - i.e. without simply selling them first)? My wife and I have a donor advised fund, and to date, that has been funded, I think, with shares (not ETF shares, but shares of companies). That's b...
by psteinx
Wed Sep 12, 2018 5:18 pm
Forum: Personal Consumer Issues
Topic: Utility usage way up
Replies: 45
Views: 2744

Re: Utility usage way up

You can audit your own utility usage by using 2 tools: 1) Find your electric meter, figure out how to convert dial spins or whatever to KwHs used, then power your house down and slowly turn back on major systems. Be aware that this is a crude tool at best for certain major systems that only kick int...
by psteinx
Wed Sep 12, 2018 5:15 pm
Forum: Personal Consumer Issues
Topic: 401k "advice" to my associates
Replies: 51
Views: 2242

Re: 401k "advice" to my associates

If they abstained from 1 micro-brew visit and 1 Starbucks (located next door to our office) trip per week, they could be well on their way to funding their retirement! I'm frankly tired of these "skip a Starbucks a day and in 30 years you'll be a gazillionaire!" type stories. The AFTER-INFLATION, p...
by psteinx
Wed Sep 12, 2018 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: 529 & my kid in college
Replies: 8
Views: 619

Re: 529 & my kid in college

Even if you get no state tax credit/deduction, 529s are still favorable much of the time. The growth of the money, if used for qualifying purposes, should be tax-free (i.e. much better than just tax deferred). So, if you're adding money now that will be used by her in ~3 years, then you get 3 years ...
by psteinx
Wed Sep 12, 2018 11:37 am
Forum: Personal Consumer Issues
Topic: Utility usage way up
Replies: 45
Views: 2744

Re: Utility usage way up

For example my total bill for August 2018 was $123.96 and for August 2017 it was $104.75 My billing days for August 2018 was 30 and for August 2017 it was 31 My kWh usage for August 2018 was 1,017 and for August 2017 it was 887 My degree days for August 2018 was 458 and for August 2017 it was 403 O...
by psteinx
Wed Sep 12, 2018 11:32 am
Forum: Personal Finance (Not Investing)
Topic: My daughter's inheritance.
Replies: 64
Views: 9020

Re: My daughter's inheritance.

1) Many folks here on BH will post that it is easy and obvious - you should do X, Y, and Z. 2) But, the specifics of X, Y, and Z will vary, perhaps dramatically, among these posters. 3) In the outside world, a similar phenomenon will exist. Whether you're talking to specific financial advisors, or r...
by psteinx
Tue Sep 11, 2018 6:01 pm
Forum: Personal Finance (Not Investing)
Topic: Auto sale to relative - sales agreement form?
Replies: 10
Views: 479

Re: Auto sale to relative - sales agreement form?

I'm not a lawyer, but mentioning in a (potentially very brief) sales contract that the sale is "as is" might be helpful.

Also, consider encouraging the relative to get an inspection prior to the purchase. It may have problems that even you don't know about.
by psteinx
Tue Sep 11, 2018 5:59 pm
Forum: Personal Finance (Not Investing)
Topic: Mr.No - another should I pay off my mortgage, post
Replies: 31
Views: 2708

Re: Mr.No - another should I pay off my mortgage, post

So: Income, $155K base + bonus = close to $300K recently, but the bonus is obviously less secure and has been much lower in the past. Assets: Taxable $400K, 75/25 equity cash Emergency funds: A bit unclear - Is this the 25% AMEX savings, or more on top of that? Tax deferred $625K 529s (for 3 kids) ~...
by psteinx
Tue Sep 11, 2018 3:18 pm
Forum: Personal Finance (Not Investing)
Topic: Mom died, financial guidance welcome.
Replies: 21
Views: 3286

Re: Mom died, financial guidance welcome.

Did she have a surviving spouse? If so, then much of the burden is presumably on him. But you'd probably have mentioned if she was married, so... Are you close to her home? Is your sister? Are their other sibs/close relatives? Are relations between siblings good? I'm not a lawyer nor an expert on th...
by psteinx
Tue Sep 11, 2018 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: Vacation house? Need objective third party
Replies: 67
Views: 6176

Re: Vacation house? Need objective third party

Echoing other posters: When I was growing up, my parents had 2 vacation properties. First, some undeveloped, but pretty land about 2 hours from our house that we would use for camping. It was fun and well used, for about 4 years. There is certain flexibility you get from owning your own camping land...
by psteinx
Tue Sep 11, 2018 2:58 pm
Forum: Personal Finance (Not Investing)
Topic: basic 529 questions for a friend's new born
Replies: 5
Views: 568

Re: basic 529 questions for a friend's new born

I'm in Missouri, not WA or OR. We have a state tax, and it affects 529 decision making. That said, 529s have appealing features that go beyond any state tax benefits. Growth in 529s is federally tax-free, if used for qualifying purposes (basically, most costs of attending standard US colleges). Not ...
by psteinx
Thu Sep 06, 2018 11:13 am
Forum: Personal Consumer Issues
Topic: Selling a car to CarMax
Replies: 74
Views: 7783

Re: Selling a car to CarMax

Unless things have changed in the last decade or so, Missouri also allows one to credit a private party sale against another purchase for sales tax purposes. IIRC, a sale around 6 months before or after the purchase can be used, and in case the private party sales was, say, 4 months after that purch...
by psteinx
Wed Sep 05, 2018 2:41 pm
Forum: Personal Consumer Issues
Topic: Electric dryers more efficient than gas?!?!?!?
Replies: 22
Views: 2774

Re: Electric dryers more efficient than gas?!?!?!?

neilpilot - OK, I understand what you're saying. And per the information on the energystar site describing the ratings, it seems (though I'm not certain) they're converting energy usage, not dollar cost, so yeah, you could be using more energy but less dollars running a natural gas unit. If true, th...
by psteinx
Wed Sep 05, 2018 2:10 pm
Forum: Personal Consumer Issues
Topic: Electric dryers more efficient than gas?!?!?!?
Replies: 22
Views: 2774

Electric dryers more efficient than gas?!?!?!?

TLDR: It seems that electric dryers are, per the energystar.gov site, generally (always/almost always?) more efficient than natural gas dryers. This goes strongly against my instincts. Is it correct? Details: OK, so shopping a little today for a clothes dryer. Per the salesman at the big box store, ...
by psteinx
Tue Sep 04, 2018 2:12 pm
Forum: Personal Consumer Issues
Topic: How much do you spend on kids extracurriculars?
Replies: 85
Views: 4950

Re: How much do you spend on kids extracurriculars?

Playing around the neighborhood seems to be much less of a thing than it was a generation ago. I attribute this to: 1) There are a lot less kids than a generation earlier - smaller households, fewer kids per family, etc. That lowers the kid density in a given neighborhood. When I was a kid, it was p...
by psteinx
Tue Sep 04, 2018 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: Establishing residency after relocation
Replies: 14
Views: 794

Re: Establishing residency after relocation

What's VA tax rate - maybe 6-7%? So on, say, $70K annual income, that's $70,000 * (1/12) * ~6.5% = ~$379/month. Given that relatively few folks will be itemizing in the future, that's effectively after tax cost. That's a non-trivial sum - worth researching and jumping through some hurdles to get rig...
by psteinx
Tue Sep 04, 2018 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: Dealing with paper EE bonds with elderly parent
Replies: 18
Views: 1264

Re: Dealing with paper EE bonds with elderly parent

Why not cash 6 months worth at a time? Maybe you can accompany your MIL to the bank so the bonds do not get misplaced. You don't have to wait until the bond reaches final maturity to cash it out. Consider taxes too. MIL will get a 1099 for the tax year. This is all good information. Depending on th...
by psteinx
Tue Sep 04, 2018 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: Talk me out of buying a house
Replies: 28
Views: 2534

Re: Talk me out of buying a house

Managing 2 units of a duplex that you no longer live in will likely be more than 2x more frustration and effort versus managing 1 unit of a duplex where you live on the other side.
by psteinx
Tue Sep 04, 2018 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: Establishing residency after relocation
Replies: 14
Views: 794

Re: Establishing residency after relocation

You could research the specifics that Virginia considers for this, but to be safe, I'd think about transferring as much stuff as possible to Washington registration, as soon as possible. This would include driver's license, car registrations, registrations for financial accounts and the like, and so...
by psteinx
Tue Sep 04, 2018 1:06 pm
Forum: Personal Consumer Issues
Topic: How much do you spend on kids extracurriculars?
Replies: 85
Views: 4950

Re: How much do you spend on kids extracurriculars?

Youngest daughter - currently weekly 60 minutes of piano, 30 minutes of saxophone. I don't know what these cost (my wife pays these bills) but I'm guessing on the order of $25-30 per 30 minutes, so perhaps ~$80 weekly. She's also heavily into robotics, but my wife coaches/co-coaches that team, and t...
by psteinx
Wed Aug 29, 2018 10:38 am
Forum: Personal Finance (Not Investing)
Topic: how much more we should put in 529?
Replies: 24
Views: 3081

Re: how much more we should put in 529?

We have 3 kids, so our expected educational costs are a bit more diversified :) One way to think about it is to weigh the marginal benefit of each extra dollar that goes into the 529 that DOES get used for a qualified educational expense, versus the marginal cost of each extra dollar that is excess,...
by psteinx
Tue Aug 28, 2018 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: Post Mortem Settlement
Replies: 59
Views: 4682

Re: Post Mortem Settlement

The only aspect I could figure out was the amount paid out from June of 2015 to June of 2025 of $581 a month. She bought the annuity in 1995, so it was deferred for 20 years, and as stated before, was a surprise to all of us. The total payout will be $69,720 on an initial premium of $48,000. By my ...
by psteinx
Fri Aug 24, 2018 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Varying college costs across kids in the same family
Replies: 92
Views: 5290

Re: Varying college costs across kids in the same family

Some follow-ups: 1) To be clear, the specific schools mentioned in my OP are unlikely to be in major play for our family - they were examples. Though who knows what schools our younger kids will actually apply to or be accepted at... 2) A complication for those who say something like - we've budgete...
by psteinx
Wed Aug 22, 2018 3:34 pm
Forum: Investing - Theory, News & General
Topic: 529 Withdrawal of Basis
Replies: 13
Views: 792

Re: 529 Withdrawal of Basis

I'm not looking at the forms or anything, nor am I an accountant, but I *really* doubt it works the way you think it does. If it did, it could potentially be abused as a HUGE backdoor tax-deferral system. Think your 3 kids will need $500K for college? Put $500K into 529s now, let it double over 15 y...
by psteinx
Wed Aug 22, 2018 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: Suggestions for a Generous Grandparent?
Replies: 53
Views: 4434

Re: Suggestions for a Generous Grandparent?

Keep in mind that many may be inclined to use a 529, for its tax benefits. But alongside of those tax benefits, there is, I think*, less flexibility, than a trust that might be able to move money between kids and/or across generations, AFTER the one funding it has died, as well as handle other scena...