Search found 33 matches

by swimfin
Wed Jun 27, 2018 10:10 am
Forum: Personal Consumer Issues
Topic: Vintage brands
Replies: 15
Views: 1521

Re: Vintage brands

I have two vintage Gillette adjustable razors my Dad gave me when I was learning to shave: the Gillette Fatboy ( made in the 50's ) and a Gillette Slim ( 60's ). I still use them. They are offered for sale on Ebay, Etsy, and other small businesses. For repair, maintenance and re-plating, there are m...
by swimfin
Wed Jun 20, 2018 11:12 am
Forum: Investing - Help with Personal Investments
Topic: Cal residents can't buy CD from Cal bank ?
Replies: 1
Views: 401

Cal residents can't buy CD from Cal bank ?

On Vanguard's brokered CD's site, Bank of the West San Francisco offers a 6 mo CD. California is one of 19 restricted states meaning that the offer is not made or open to California residents or residents of the other 18 states. Why is this ? Why should I, a Texan, buy a CD from that bank if a Calif...
by swimfin
Wed Jun 13, 2018 2:53 pm
Forum: Investing - Help with Personal Investments
Topic: Any problem opening fund "Investor", then building to "Admiral"?
Replies: 25
Views: 1803

Re: Any problem opening fund "Investor", then building to "Admiral"?

https://investor.vanguard.com/investing/account-fees

Read link above. Synopsis: $20 fee annually for each fund, unless you sign up for e delivery.
by swimfin
Sat Jun 09, 2018 11:14 am
Forum: Personal Finance (Not Investing)
Topic: Title company asking for another warranty deed?
Replies: 12
Views: 1161

Re: Title company asking for another warranty deed?

There is no downside for you. You are not exposed to any " financial consequences". Only the buyer gets a title policy, so the title company cannot provide you with one. These mishaps do happen.
by swimfin
Sat May 12, 2018 8:35 pm
Forum: Investing - Theory, News & General
Topic: Muni bondholders vs. pensions
Replies: 50
Views: 3411

Re: Muni bondholders vs. pensions

Of all the bonds in the portfolio of VWITX, a total of 19.6% of the bonds are the nine states on Swedroe's "no buy" list. Illinois alone represents 6.4% of all the bonds in the portfolio. Puerto Rico ( not on Swedroe's list ) represents 0.1%. (Taken from the annual report of Oct, 2017.)
by swimfin
Mon Apr 30, 2018 1:52 pm
Forum: Investing - Help with Personal Investments
Topic: state income tax on brokered cd's ?
Replies: 1
Views: 239

state income tax on brokered cd's ?

Vanguard offers brokered cd's on its website. The name of the bank and the state where the bank is located is stated. Some of the states have a state income tax; others do not. I do not live in N.Y. If I buy a brokered cd where the bank is located in N.Y., do I have to pay a N.Y. state income tax on...
by swimfin
Sun Feb 04, 2018 8:06 pm
Forum: Personal Consumer Issues
Topic: Potential employer wants me to give offer - how to respond?
Replies: 63
Views: 6735

Re: Potential employer wants me to give offer - how to respond?

How about telling your current employer that Megacorp has approached you, then see if you can't get a salary bump to stay with your employer ?
by swimfin
Sun Nov 12, 2017 5:10 pm
Forum: Personal Finance (Not Investing)
Topic: Draft a will with legalzoom or other online legal help
Replies: 104
Views: 10467

Re: Draft a will with legalzoom or other online legal help

+1 on jebmke's advice A Legalzoom will may or may not comply with the laws of the state where you reside. It would be tragic to learn you have an invalid will AFTER you die because then it would be too late. For minor children, you should consider setting up a testamentary trust in your will naming ...
by swimfin
Thu Oct 05, 2017 10:31 am
Forum: Investing - Theory, News & General
Topic: Muni Bond Funds With Regard to Puerto Rico
Replies: 14
Views: 1320

Re: Muni Bond Funds With Regard to Puerto Rico

The semi-annual report for the Vanguard Municipal Bond Fund dated April, 2017 shows the following: The intermediate tax exempt bond fund has 0.1% of its portfolio in Puerto Rico bonds. The short term tax exempt bond fund has no Puerto Rico bonds in its portfolio. I did not search whether other tax e...
by swimfin
Tue Sep 12, 2017 9:10 am
Forum: Investing - Theory, News & General
Topic: Bond Fund Philosophy
Replies: 18
Views: 3155

Re: Bond Fund Philosophy

Consider your real estate as a separate allocation from your stocks and bonds.

A stock/bond allocation is two numbers, like 60/40 or 80/20.

A real estate/stock/bond allocation is three numbers, like 20/50/30 where the "20" is real estate. You determine your own comfort level.
by swimfin
Fri Jul 14, 2017 12:42 pm
Forum: Personal Finance (Not Investing)
Topic: Finance Q for those that have gone through Divorce
Replies: 41
Views: 4784

Re: Finance Q for those that have gone through Divorce

Divorce is difficult and emotional, regardless of your gender. It sounds easy to say to yourself, "I'll offer a lot of property and cash to my spouse and I'll be done with it. " The truth is you will never be done with it. And you will make some irrational decisions that sound like a good idea at th...
by swimfin
Wed Jul 12, 2017 8:54 pm
Forum: Investing - Help with Personal Investments
Topic: managing irrevocable trust
Replies: 8
Views: 1463

Re: managing irrevocable trust

All management provisions should be spelled out in detail in the instrument creating the trust. This would include distribution of principal and income as well as when and how the trust will terminate.

I would carefully read the instrument. If you still have questions, ask a lawyer.
by swimfin
Mon Jun 26, 2017 6:48 am
Forum: Personal Finance (Not Investing)
Topic: Where to find a financially like-minded significant other?
Replies: 140
Views: 12630

Re: Where to find a financially like-minded significant other?

I know for a fact that other people like me exist (little anecdote: the engaged sister of a woman I dated recently is actually very financially oriented, she dabbles with real estate, personal finance and below means lifestyle), but I can't seem to be able to find them, at least in this area. I woul...
by swimfin
Fri Jun 16, 2017 9:03 pm
Forum: Personal Finance (Not Investing)
Topic: Siblings in disagreement over mom's house.
Replies: 241
Views: 27160

Re: Siblings in disagreement over mom's house.

An attorney must be employed to bring suit.

The suit must be brought in the county where the real estate is located. The attorney should practice in that county.

Ask the attorney if attorney's fees are awarded in Florida for suits such as this one.
by swimfin
Thu May 25, 2017 6:00 pm
Forum: Investing - Help with Personal Investments
Topic: Investments inside an Irrevocable Trust - a conundrum
Replies: 2
Views: 850

Re: Investments inside an Irrevocable Trust - a conundrum

Unless the instrument creating the trust provides otherwise, the trustees has discretion to invest in any investment the trustee wants. This is subject to the "reasonably prudent investor" rule. If the instrument is silent on this, the trust law of the state you are in goes into great detail on the ...
by swimfin
Thu May 25, 2017 12:23 pm
Forum: Investing - Theory, News & General
Topic: BlackRock, Vanguard Mull Pressuring Exxon to Disclose Climate Risks
Replies: 33
Views: 2724

Re: BlackRock, Vanguard Mull Pressuring Exxon to Disclose Climate Risks

This article appeared in WSJ today ( May 25 ) ?

What section and page ? I looked for it after reading the OP submission and could not find it.
by swimfin
Sun May 21, 2017 1:44 pm
Forum: Personal Consumer Issues
Topic: What happens to a 1 person business if the owner dies?
Replies: 12
Views: 2107

Re: What happens to a 1 person business if the owner dies?

I assume she has a will that names an executor. File the will for probate, get the executor appointed, then it becomes the executor's job to gather all assets your mother had, including accounts receivable. The executor would hire the same employee your mother had that handled that part of the busin...
by swimfin
Fri May 12, 2017 1:57 pm
Forum: Investing - Help with Personal Investments
Topic: Bank balking at transferring assets to Vanguard
Replies: 14
Views: 3375

Re: Bank balking at transferring assets to Vanguard

The written document creating the trust should address all contingencies, such as what happens with the trust when your mother dies. I would need a lot more info from you to fully answer. But you would be better served by taking the document to an attorney, explaining your situation, and relying on ...
by swimfin
Wed May 10, 2017 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Remarried parent wants to leave house in trust to children. Implications?
Replies: 8
Views: 1783

Re: Remarried parent wants to leave house in trust to children. Implications?

To the OP: in what state does your friend live ? Marital property rights vary from state to state, so no definitive answer can be posted here. But, yes, your friend needs to talk to a lawyer.
by swimfin
Sun Apr 30, 2017 2:11 pm
Forum: Personal Consumer Issues
Topic: Recs for moisturizer w sunscreen please.
Replies: 15
Views: 2062

Re: Recs for moisturizer w sunscreen please.

Cetaphil Daily Facial Moisturizer with Sunscreen. SPF 50. Kinda pricey, but worth it.
by swimfin
Fri Apr 21, 2017 1:35 pm
Forum: Investing - Theory, News & General
Topic: Single most important investing advice?
Replies: 97
Views: 14721

Re: Single most important investing advice?

Take good care of your money and your money will take care of you.
by swimfin
Sat Apr 15, 2017 9:06 am
Forum: Personal Finance (Not Investing)
Topic: My kids don't care about saving
Replies: 114
Views: 13712

Re: My kids don't care about saving

Continue to fund their Roths. Do that in lieu of Xmas and birthday gifts. Maybe a light bulb will turn on at age 40. And you can consider it a portion of their inheritance. If they do inherit anything, it's just gravy. And they will remember the "...nice gesture Dad made before his death."
by swimfin
Fri Apr 14, 2017 9:29 pm
Forum: Personal Finance (Not Investing)
Topic: Basic Homestead Exemption Question (Texas)
Replies: 2
Views: 425

Re: Basic Homestead Exemption Question (Texas)

Normally, once a homestead exemption is granted, you always have it until you deed it over to someone else or you abandon the home in some way as to give the tax office notice. If the owner marries, the exemption continues and the tax bills continue to arrive in her former name. The tax office doesn...
by swimfin
Sat Feb 25, 2017 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: Delivering a Large Check
Replies: 37
Views: 5487

Re: Delivering a Large Check

Wire the money. Peace of mind. If they complain you took $30 from them, tell them they can sue you ( jurisdiction would be in the county of the estate administration ). The filing fee alone would exceed $30. If you wire the money, you will need their routing and account numbers. So they will know wh...
by swimfin
Sun Jan 15, 2017 2:56 pm
Forum: Personal Consumer Issues
Topic: Online legal service/form - simple will?
Replies: 12
Views: 1361

Re: Online legal service/form - simple will?

The legal requirements of a will vary from state to state. An online form may not meet the requirements of your state ( some states require 2 witnesses; others require three, etc ). Your online form, signed and witnessed, could still be denied probate...an error your heirs learn after you die. You w...
by swimfin
Sun Jan 08, 2017 8:47 pm
Forum: Personal Finance (Not Investing)
Topic: Substitution of Trustee and Full Reconveyance recorded in the wrong county
Replies: 5
Views: 916

Re: Substitution of Trustee and Full Reconveyance recorded in the wrong county

Sandi's advice is spot on. If that does not work out for any reason, then...in the state of my residence ( not Calif )...I would obtain a certified copy of both instruments that were recorded in the wrong county, then record those certified copies in the correct county. You can check with the Clerk ...
by swimfin
Sun Jan 08, 2017 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: How to confirm old check was deposited
Replies: 3
Views: 583

Re: How to confirm old check was deposited

I assume: that you had a C.D. with a financial institution that may or may not have been Ally. That C.D. matured and you received a check signed by that financial institution drawn on a bank used by that financial institution. You sought to deposit that check in Ally by using a deposit envelope whic...
by swimfin
Wed Dec 14, 2016 6:58 pm
Forum: Personal Finance (Not Investing)
Topic: Irrevocable Trust/Due on Sale clause?
Replies: 6
Views: 844

Re: Irrevocable Trust/Due on Sale clause?

If the trust is set up correctly, there would necessarily be a deed signed by MIL, individually, to the trustee ( which could also be MIL ). This would be a transfer of title from one owner to another and could indeed trigger a due-on-sale clause in the mortgage. I would employ your own attorney aft...
by swimfin
Mon Dec 12, 2016 7:11 pm
Forum: Personal Finance (Not Investing)
Topic: Enforcing the terms of a trust
Replies: 42
Views: 4196

Re: Enforcing the terms of a trust

A trust cannot be terminated early unless: A. The instrument creating the trust provides for early termination, such as where the assets fall below a certain value, or B. A court orders the early termination. Courts usually won't do this because the wishes of the person creating the trust are to be ...
by swimfin
Tue Dec 06, 2016 5:03 pm
Forum: Personal Finance (Not Investing)
Topic: Informal probate in Massachusetts was easy
Replies: 12
Views: 1859

Re: Informal probate in Massachusetts was easy

Oops. I meant "income tax return for 2016"
by swimfin
Tue Dec 06, 2016 4:55 pm
Forum: Personal Finance (Not Investing)
Topic: Informal probate in Massachusetts was easy
Replies: 12
Views: 1859

Re: Informal probate in Massachusetts was easy

You have outlined the easy part. After you get letters testamentary, the work as an executor begins. Consider: File an income tax return for 2015. Prepare an estate tax return if your mother's estate is large enough. Locate and pay creditors, if any....mortgage, credit card, expenses of last sicknes...
by swimfin
Mon Nov 21, 2016 11:28 am
Forum: Investing - Theory, News & General
Topic: Father passed - First steps to taking over finances?
Replies: 25
Views: 3156

Re: Father passed - First steps to taking over finances?

There are two ways property will pass upon death: 1. By contract... Life Insurance, pension benefits ( including IRA's ), and bank accounts set up with as a P.O.D. account ("payable on death") are all examples of the deceased designating who will receive property by contract after death. These compa...
by swimfin
Sat Nov 12, 2016 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: Executor - estate issue
Replies: 14
Views: 2152

Re: Executor - estate issue

Plannerman is correct. In more detail, if the will names your Mom as executor, she is not officially the executor until the will is filed for probate, and the probate judge signs an order admitting the will to probate and appointing your Mom the executor. Then letters testamentary will be issued aut...