Search found 1068 matches

by smackboy1
Thu Apr 18, 2019 9:55 am
Forum: Personal Investments
Topic: Tenancy by Entirety in a Brokerage- How does it work?
Replies: 3
Views: 445

Re: Tenancy by Entirety in a Brokerage- How does it work?

So, I'm the only one who does anything with this account, such as adding money (from a joint account) and buying and selling mutual funds/ETFs. Does the Tenancy by Entirety impact the ability for me to manage this, or is there some sort of complication where we both have to log in to approve trades...
by smackboy1
Thu Apr 18, 2019 9:37 am
Forum: Personal Investments
Topic: Will/trust for minor children heirs who will live overseas
Replies: 4
Views: 376

Re: Will/trust for minor children heirs who will live overseas

My husband and I are dual US/UK citizens. All our assets are in the US. All our family members are in the UK. We need to create a will (and maybe also a trust). We will each have the other spouse as the primary heir/beneficiary. However, in the unlikely event that both my husband and I were to die ...
by smackboy1
Sun Apr 14, 2019 10:27 am
Forum: Personal Investments
Topic: Real Estate Investing - Actual Property vs an Index fund
Replies: 10
Views: 1451

Re: Real Estate Investing - Actual Property vs an Index fund

I've been thinking of investing in real estate, actually 2 of my friends have been asking me to go 1/2 or 1/3 (depending) on actual properties. Sometimes we flip sometimes we (read they at this point) rent them. . . I'm wondering for those that have done this how would you compare it to investing i...
by smackboy1
Sun Apr 07, 2019 10:14 am
Forum: Personal Investments
Topic: Those that have an "Anti-Boglehead" investment account, what are your "risky" plays?
Replies: 92
Views: 6273

Re: Those that have an "Anti-Boglehead" investment account, what are your "risky" plays?

For the "hedge fund" portfolio I have a "go big or go home" very high risk high return allocation. LEAPS (Long-Term Equity Anticipation Securities) options on many of the big name highly volatility momentum stocks like FAANG. Current biggest LEAPS holdings on AAPL, AMZN, NVDA, CSCO, SQ, MA, V. Plus,...
by smackboy1
Fri Apr 05, 2019 9:03 am
Forum: Personal Consumer Issues
Topic: cost analysis on buying vs. renting skis?
Replies: 28
Views: 2335

Re: cost analysis on buying vs. renting skis?

I generally bring my own helmet and boots and rent skis and poles. I don't trust rental helmets are not damaged and rental boots have a terrible fit. I also always carry my boots in the the cabin with me so lost luggage doesn't ruin my ski trip. I always get the high performance rentals or the demo ...
by smackboy1
Fri Apr 05, 2019 8:50 am
Forum: Personal Finance (Not Investing)
Topic: Gift Tax Exclusions
Replies: 9
Views: 678

Re: Gift Tax Exclusions

So, it's $15,000 this year, or double for married couple. I think I got some bogus tax advice last year. CPA said, in order to claim the double amount, each person (husband, wife) had to give from a personal account, as opposed to giving full amount (e.g. $30,000) from one person's account. As far ...
by smackboy1
Thu Apr 04, 2019 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Services for a Boglehead?
Replies: 27
Views: 1846

Re: Trust Services for a Boglehead?

Here's another idea that just occurred to me. Suppose a new trust is created and the irrevocable trust is one of it's assets. Is that possible to do? Would it be able to direct the irrevocable trust, especially if the two trusts were in (intentional) conflict with each other? That's not really how ...
by smackboy1
Thu Apr 04, 2019 8:48 am
Forum: Investing - Theory, News & General
Topic: Vanguard is Discontinuing their VanguardAdvantage Accounts
Replies: 586
Views: 44843

Re: Vanguard is Discontinuing their VanguardAdvantage Accounts

Just got off the line with my Flagship Select rep. After decades with Vanguard I am disappointed that they continue to under deliver in the customer service department. The website is atrocious. I can't count the number of times I've called them and the rep is either clueless or the answer is that V...
by smackboy1
Wed Apr 03, 2019 8:25 pm
Forum: Personal Consumer Issues
Topic: Which Jura Super Automatic Coffee Machine and any sales?
Replies: 12
Views: 941

Re: Which Jura Super Automatic Coffee Machine and any sales?

And any good places to get them on sale or refurbished? I like WholeLatteLove.com and SeattleCoffeeGear.com. Both have excellent customer support, good prices (price matching) and selection - including refurbished machines. But the best is their generous return/exchange policy on many of their mach...
by smackboy1
Wed Apr 03, 2019 6:22 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Services for a Boglehead?
Replies: 27
Views: 1846

Re: Trust Services for a Boglehead?

In retrospect, they really regret the whole arrangement and feel they were "pushed" into it. . . Bottom line though, they both regret it, would love to change it, feel trapped, and are buried in paperwork and being told they have to just go along with it. They said if they could have done it all ov...
by smackboy1
Tue Apr 02, 2019 11:38 am
Forum: Personal Finance (Not Investing)
Topic: Trust Services
Replies: 86
Views: 10994

Re: Trust Services

I still don't see the value of a trust protector. Seems to add complexity without gaining anything. If the beneficiaries don't like the way the current trustee is managing the money this is easily solved if they have the power to change trustees: They shop for alternatives, find one that will inves...
by smackboy1
Tue Apr 02, 2019 9:06 am
Forum: Personal Investments
Topic: Trust management help
Replies: 18
Views: 1429

Re: Trust management help

My best friend and cousin has a mother in law who began an irrevocable trust in Illinois and he’s in charge of investing the money placed in it. He’s never done anything like this and asked me where I’d start and I said this website but he asked me to post for him. A forum is not really the best pl...
by smackboy1
Mon Apr 01, 2019 1:23 pm
Forum: Personal Consumer Issues
Topic: Family flying - picking seats at booking
Replies: 75
Views: 4748

Re: Family flying - picking seats at booking

We're a family of 5 with three little ones that will be flying this summer. . . Any recommendations on being able to pick assigned seats for a reasonable price? How young are the kids? In the past we've had success socially engineering seat assignments. I ask the booking agent if they can waive the...
by smackboy1
Mon Apr 01, 2019 9:19 am
Forum: Personal Finance (Not Investing)
Topic: Trust Services
Replies: 86
Views: 10994

Re: Trust Services

I don't quite get the goal of using a purely administrative trustee as bsteiner notes. As he says, you still have to find a person or entity to manage the investments. That means dealing with two companies if you don't have an individual to do that. I get it for asset protection purposes, but for m...
by smackboy1
Fri Mar 22, 2019 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: Should we have renters insurance?
Replies: 68
Views: 3336

Re: Should we have renters insurance?

IMHO a tenant should always buy renter's insurance if they can afford it. For one, it may be required under the terms of the lease. I have been a tenant and landlord, both residential and commercial. I've also written leases. When I write a a lease I always require the tenant to carry their own insu...
by smackboy1
Wed Mar 20, 2019 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: How to choose an estate lawyer
Replies: 37
Views: 2962

Re: How to choose an estate lawyer

Already a lot of good advice but I'll throw in my $0.02: - It's very hard for lay persons to accurately review professionals on skill. So client reviews, friend recommendations, Angie's List, should be taken in context. Maybe the only valuable data point is the lawyer's social and communication styl...
by smackboy1
Tue Mar 19, 2019 9:19 am
Forum: Personal Finance (Not Investing)
Topic: Should you buy term life before you need it?
Replies: 25
Views: 1715

Re: Should you buy term life before you need it?

IDK about buying life insurance before needing it, but I would highly recommend purchasing life and disability insurance no later than just BEFORE becoming pregnant. Obviously after the baby arrives there's little time for estate planning and other important things. More importantly, pregnancy is a ...
by smackboy1
Mon Mar 18, 2019 11:35 am
Forum: Personal Finance (Not Investing)
Topic: Simple Last Will/Testamentary Trust Question
Replies: 16
Views: 1147

Re: Simple Last Will/Testamentary Trust Question

I'm creating a basic 'last will and testament' through Legalzoom and have a couple questions. My wife and I have financial assets and life insurance, and a small child. We have a guardian in place as per the will should we both pass before child is 18, and are creating a testamentary trust (also as...
by smackboy1
Mon Mar 18, 2019 9:34 am
Forum: Personal Consumer Issues
Topic: Espresso Maker 2019
Replies: 106
Views: 6387

Re: Espresso Maker 2019

Such a waste. You got a expensive setup, and yet you freeze the coffee? This adds moisture and makes coffee taste worse. That's a debunked myth. https://www.home-barista.com/store-coffee-in-freezer.html I freeze freshly roasted beans for periods up to 2-3 months with no problems. The flavor and qua...
by smackboy1
Mon Mar 18, 2019 12:11 am
Forum: Personal Consumer Issues
Topic: Espresso Maker 2019
Replies: 106
Views: 6387

Re: Espresso Maker 2019

my budget would be less than $500 -- and maybe considerably less I hate to be a party pooper, but for that budget I don't know if it is realistic to achieve good espresso that you will enjoy for very long. Like most things in life there are 3 choices to be made: Good; Fast; and Cheap. A person can ...
by smackboy1
Fri Mar 08, 2019 10:46 am
Forum: Personal Consumer Issues
Topic: Who Can I Hire to Evaluate Heating Situation in my Home?
Replies: 34
Views: 2028

Re: Who Can I Hire to Evaluate Heating Situation in my Home?

I live outside of Boston. We have owned our house for 25 years. . . I would like someone competent to evaluate our heating system from top to bottom, to figure out why the first floor is so cold. I'm 68 years old, and I vividly remember how immune I was to cold when I was in my 20s-40s. That's no l...
by smackboy1
Fri Mar 01, 2019 9:52 am
Forum: Personal Investments
Topic: Why Does a Custom Variable Universal Life Insurance Policy Not Make Sense For Me?
Replies: 46
Views: 2362

Re: Why Does a Custom Variable Universal Life Insurance Policy Not Make Sense For Me?

After talking to a Northwest Mutual agent, I am trying to understand if a custom variable life insurance policy makes sense for me. I know it does not in most cases, but my situation may be unique given 1) I will likely be subject to the estate tax if I do not shield assets - current net worth is $...
by smackboy1
Wed Feb 27, 2019 5:26 pm
Forum: Investing - Theory, News & General
Topic: Uncorrelated Asset Classes
Replies: 89
Views: 5213

Re: Uncorrelated Asset Classes

A couple of other alternatives that have been discussed on this board include:

Alternative lending e.g. LENDX

Reinsurance e.g. SRRIX
by smackboy1
Fri Feb 22, 2019 9:23 am
Forum: Personal Finance (Not Investing)
Topic: Power of attorney necessary?
Replies: 12
Views: 800

Re: Power of attorney necessary?

Wife and I have been together 45 years. She hates numbers, especially larger numbers, and I've always assumed the finances. . . For the very few times conversations will actually be necessary, is it worth the bother to obtain POA? I'm going to go out on a limb and guess you don't have a full set of...
by smackboy1
Thu Feb 21, 2019 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: Do we need a will/trust/etc?
Replies: 58
Views: 3464

Re: Do we need a will/trust/etc?

I believe there are two kinds of trusts. The first is folks who move their current assets into a trust right now (i.e., the home is no longer owned by miamivice but now owned by the Miamivice and Miamivice's Wife Joint Trust". This we do not need. The second is a trust that is created upon the deat...
by smackboy1
Fri Feb 15, 2019 10:39 am
Forum: Personal Investments
Topic: Muni Bonds for large part of Bond allocation smart?
Replies: 32
Views: 3389

Re: Muni Bonds for large part of Bond allocation smart?

Here's an Alan Roth article on muni bonds from a few years ago. https://blog.aarp.org/2015/07/14/4-reasons-not-to-load-up-on-muni-bonds/ This. In particular Allan Roth's point #4, which in part states: "4) Munis may now be tied to the stock market. Over the long run, if stocks do poorly, there coul...
by smackboy1
Tue Feb 12, 2019 4:10 pm
Forum: Personal Investments
Topic: Investments inside an Irrevocable Trust - a conundrum
Replies: 4
Views: 1312

Re: Investments inside an Irrevocable Trust - a conundrum

There might be a way out. Is the amount of $ at stake enough to make it worthwhile to hire an attorney to explore amending or decanting the trust? Perhaps change the terms of the trust or move the trust assets to another trust with more favorable terms. Carefully read the trust and look for the abil...
by smackboy1
Wed Feb 06, 2019 9:49 pm
Forum: Personal Finance (Not Investing)
Topic: Term life insurance question
Replies: 20
Views: 1226

Re: Term life insurance question

Since you aren’t working and your husband would not have financial problems due to your death, than there is no need to insure your life. Not necessarily true. It's wise to insure the non-working spouse for a small amount. While it's true that a non-working spouse does not contribute actual income,...
by smackboy1
Wed Feb 06, 2019 7:06 pm
Forum: Personal Finance (Not Investing)
Topic: Term life insurance question
Replies: 20
Views: 1226

Re: Term life insurance question

Since you aren’t working and your husband would not have financial problems due to your death, than there is no need to insure your life. Not necessarily true. It's wise to insure the non-working spouse for a small amount. While it's true that a non-working spouse does not contribute actual income,...
by smackboy1
Fri Feb 01, 2019 5:56 pm
Forum: Personal Finance (Not Investing)
Topic: Inheritance and Divorce
Replies: 17
Views: 2511

Re: Inheritance and Divorce

Is there an established precedent as to how an inheritance (received during marriage) might be treated in case of a divorce? Is it subject to division? If yes, would avoiding a co-mingling of funds prevent such division? Any input is appreciated. It depends. A couple could get married in an equitab...
by smackboy1
Fri Feb 01, 2019 11:49 am
Forum: Personal Finance (Not Investing)
Topic: Physician Asset protection question
Replies: 9
Views: 1049

Re: Physician Asset protection question

I am buying an expensive house with cash. I am married/ have kids and trust my wife entirely. (Please don’t bring up possible divorce concerns). I am also a physician and thus am open to a lot of liability. I have a 3 million dollar umbrella insurance coverage policy. ( I understand this should cov...
by smackboy1
Wed Jan 30, 2019 11:57 am
Forum: Personal Finance (Not Investing)
Topic: Setting up Will, do we need trust?
Replies: 50
Views: 3590

Re: Setting up Will, do we need trust?

The non-taxable set up with beneficiaries; and the taxable set up with beneficiaries and transfer of death, so in the event of me and spouse past away, the investment will go to kids without probate and attorney fee if total amount is under $2.6million or less in 2019, under $3.5million for the nex...
by smackboy1
Fri Jan 25, 2019 1:45 pm
Forum: Personal Consumer Issues
Topic: Vertical mouse for MacBook
Replies: 10
Views: 717

Re: Vertical mouse for MacBook

The specific brand the doctor mentioned was Evoluent. I have two Evoluent VerticalMouse 4, a USB one and a wireless one. I got the first one 5 years ago because I started to get carpal tunnel syndrome. They are really great and I highly recommend them for comfort. In the past I've used other mice, ...
by smackboy1
Fri Jan 25, 2019 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: Living Trust and Incapacitation AZ
Replies: 10
Views: 724

Re: Living Trust and Incapacitation AZ

My successor trustee is of course, to take over after my demise, I think with Court permission. (Arizona) (is that correct?) Probably small estate rules, less than 500K. So Court permission may not be needed. If I am incapacitated does the trustee need the Court's permission to take over including ...
by smackboy1
Thu Jan 24, 2019 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: Setting up Will, do we need trust?
Replies: 50
Views: 3590

Re: Setting up Will, do we need trust?

We have a meeting scheduled with an attorney next week to set up a Will, do we need a Trust too? It depends. Try to imagine what you would like to happen in large number of unlikely but possible "what if" scenarios. What if you and/or your spouse become permanently incapacitated? What if you die an...
by smackboy1
Wed Jan 23, 2019 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: Any reason not to have power of attorney?
Replies: 2
Views: 422

Re: Any reason not to have power of attorney?

With power of attorney there is the theory and the reality. In theory armed with a properly excuted POA, you, as the attorney-in-fact, should be able to act on behalf of your sister, the principal. However in reality, sometimes a client's own POA is not accepted. Often financial institutions will be...
by smackboy1
Sat Jan 12, 2019 5:30 pm
Forum: Personal Consumer Issues
Topic: How to buy business class tickets?
Replies: 35
Views: 4234

Re: How to buy business class tickets?

For international flights of more than 6 hours only. If you buy a business class ticket with cash (not points), do you buy it in the first place, or do you buy an economy class seat and later upgrade it to the business class one? Your chances of being upgraded from economy to business depends on th...
by smackboy1
Thu Jan 10, 2019 9:36 am
Forum: Personal Consumer Issues
Topic: Expensive DSLR through airport security
Replies: 45
Views: 3229

Re: Expensive DSLR through airport security

Are they still requiring passengers put DSLR's in a separate bin for security? I know laptops still need to be seperated. It depends on the discretion of the TSA agent screening you. We have flown 3 times in 2018 with DSLR and lenses in carry on since the TSA rule change for electronics bigger than...
by smackboy1
Tue Jan 08, 2019 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: Trusting Up
Replies: 8
Views: 874

Re: Trusting Up

To clarify. I’m willing to give up any and all access to the trust principal forever. But I want to retain the income for life. You might not be able to give away your cake and eat it too, but maybe something close enough with acceptable compromises. Google the following: "grantor retained income t...
by smackboy1
Wed Dec 12, 2018 6:34 pm
Forum: Personal Consumer Issues
Topic: Fax without a telephone line
Replies: 23
Views: 2320

Re: Fax without a telephone line

I use an OBI-202 with Callcentric for the rare occasions I need fax. It's VOIP with support for T.38 fax friendly protocol. But to be honest, fax over VOIP is not very reliable even slowed down to the lowest transmission/reception speed. Fax just does not like VOIP if there is too much jitter, lag, ...
by smackboy1
Sun Dec 09, 2018 6:38 pm
Forum: Personal Consumer Issues
Topic: portable jump starters
Replies: 72
Views: 5750

Re: portable jump starters

I have several Li-Ion booster batteries for my cars for few years. They all work great and hold a charge better than my old sealed lead acid jump starters. Small and lightweight they are easy to use and can be recharged via a USB phone charging port inside the car. I used to carry jumper cables, but...
by smackboy1
Tue Nov 27, 2018 9:38 am
Forum: Personal Finance (Not Investing)
Topic: Getting sued from an already settled car accident... 2 years later! Is this legal?
Replies: 44
Views: 7542

Re: Getting sued from an already settled car accident... 2 years later! Is this legal?

I was involved in a car accident 2 years ago in NY. I was at-fault. My insurance settled with the other party. I assumed everything was settled and done with. Then, I get notified today that I am being sued by the other party in the accident. Is this legal? Sounds legal to me. Insurance settled 2 y...
by smackboy1
Mon Nov 26, 2018 10:52 pm
Forum: Personal Consumer Issues
Topic: Upgrade Canon 60D to FF or new iPhone?
Replies: 50
Views: 2091

Re: Upgrade Canon 60D to FF or new iPhone?

thanks for the feedback. Her go to portrait lens is an 85mm 1.8 EF. It would work well on a FF. She also has a 50mm 1.4 but needs to be repaired, a wide angle zoom for real estate (EF but may be too wide for a FF), and an EF-S kit lens. It sounds like she is a semi-pro or serious amateur photograph...
by smackboy1
Wed Nov 21, 2018 6:33 pm
Forum: Personal Consumer Issues
Topic: Help me winterize my Civic
Replies: 14
Views: 1311

Re: Help me winterize my Civic

I am in the process of trying to make Northeast winter driving a little bit more manageable this year and need some help. Tires: Does anybody have any experience buying winter tires for Civics? Is it worth it? Any recommendations? Weight: Would adding weight to the car help with snowy driving? Bric...
by smackboy1
Tue Nov 20, 2018 12:59 pm
Forum: Personal Consumer Issues
Topic: Recommendations for Home Printer
Replies: 41
Views: 1978

Re: Recommendations for Home Printer

Our needs are: 1. Light printing (10-15 pages a week) 2. Wi-fi enabled 3. Scanner for documents I've owned several different multi-function printers over the years. All consumer machines will eventually break and designed to be disposable i.e. not worth repairing - this is especially true of cheap ...
by smackboy1
Wed Nov 14, 2018 9:05 pm
Forum: Personal Finance (Not Investing)
Topic: Wait, do I need a prenup?
Replies: 63
Views: 6960

Re: Wait, do I need a prenup?

icedtea wrote:
Tue Nov 13, 2018 2:30 pm
- She is likely to inherit a sizeable amount from her parents, and I am not
Prenup or not, her parents should arrange for the inheritance to be held in trust for her benefit. That would protect the inheritance against multiple financial threats in addition to divorces.
by smackboy1
Tue Nov 06, 2018 1:28 pm
Forum: Investing - Theory, News & General
Topic: This man can predict when bubbles burst: time to time the market?
Replies: 145
Views: 10976

Re: This man can predict when bubbles burst: time to time the market?

So why not time the market based on his predictions? Hypothetically let's say there are 100 people participating in a coin flip prediction elimination tournament. After 6 rounds of competition there is 1 lone winner who has correctly predicted the coin flip 6 times in a row. It turns out he has a P...
by smackboy1
Mon Nov 05, 2018 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: One Trust or Two Trusts?
Replies: 3
Views: 433

Re: One Trust or Two Trusts?

When creating an estate plan is it preferred to have one revocable living trust for both spouses or separate trusts? If there is one trust then wouldn't 1/2 of the trust become irrevocable at the death of the first spouse? I don't anticipate the estate being taxable in the future since present valu...
by smackboy1
Mon Nov 05, 2018 10:32 am
Forum: Personal Consumer Issues
Topic: Mice [updated - not a mouse]
Replies: 54
Views: 4254

Re: Mice [updated- not a mouse]

So now the question is: how did a squirrel get into the house . . . catching the squirrel, difficult. We got lucky that it went into a room we could trap it in by closing the door, and let it outside through an exterior door. Likely via openings around the roof around the corners, vents, soffits et...
by smackboy1
Sun Nov 04, 2018 6:01 pm
Forum: Personal Consumer Issues
Topic: Time to splurge. MB E class, BMW 5 or Audi 6?
Replies: 70
Views: 6217

Re: Time to splurge. MB E class, BMW 5 or Audi 6?

Your take on 2019 MB E Class or BMW Series 5 or Audi 6? I've owned all three of those European marques and a few more. They all make great cars - but personally I would never want to buy one in it's first year of production - too much risk of bugs that need working out. The Audi A6 is going to be a...