Search found 1083 matches

by smackboy1
Fri Jun 07, 2019 9:04 am
Forum: Personal Consumer Issues
Topic: Replacing AC, should we also replace furnace?
Replies: 21
Views: 1508

Re: Replacing AC, should we also replace furnace?

I see. Thank you for sharing your thoughts. So if it’s was you, would you have the same guy do the load calculation? Or would you part ways with the guy, likely losing at least the $2,000 deposit in the process? Just to be clear, even our general contractor noted that the evaporative coil for the u...
by smackboy1
Thu Jun 06, 2019 10:01 pm
Forum: Personal Consumer Issues
Topic: Replacing AC, should we also replace furnace?
Replies: 21
Views: 1508

Re: Replacing AC, should we also replace furnace?

Ok, let's say you're 100% correct. We already gave him a $2,000 deposit and he already ordered the equipment. What would you recommend we do in this specific situation? There's no contract per se, except a written estimate he provided. EDIT: also, I think he may have pulled a permit, as he was aski...
by smackboy1
Thu Jun 06, 2019 8:41 pm
Forum: Personal Consumer Issues
Topic: Replacing AC, should we also replace furnace?
Replies: 21
Views: 1508

Re: Replacing AC, should we also replace furnace?

Re J load calculations: "I wouldn't bother. Home is new enough one should have been done when installed. It's definitely NOT oversized. And doesn't have a capacity problem." The HVAC contractor is either lazy, incompetent or both. In order to have comfort the HVAC has to be correctly sized for hous...
by smackboy1
Thu Jun 06, 2019 10:44 am
Forum: Personal Consumer Issues
Topic: Replacing AC, should we also replace furnace?
Replies: 21
Views: 1508

Re: Replacing AC, should we also replace furnace?

Did this HVAC contractor perform a manual J and go over it with you? I didn't see any mention of load calcs. Did he also explain the benefits of multiple stage cooling/heating and variable fan speed blowers? At the end of the day you are not buying an HVAC system, you are buying comfort in your home...
by smackboy1
Thu May 30, 2019 5:41 pm
Forum: Personal Finance (Not Investing)
Topic: Another Trustee/trust Question
Replies: 16
Views: 1175

Re: Another Trustee/trust Question

Vanguard uses PA laws and I have no idea how they compare. This is not really accurate. Vanguard is a national trust company and the laws that govern the trust are the laws of the jurisdiction specified in the trust instrument. I have a trust with Vanguard as successor trustee and the laws of Flori...
by smackboy1
Thu May 30, 2019 5:01 pm
Forum: Personal Finance (Not Investing)
Topic: Another Trustee/trust Question
Replies: 16
Views: 1175

Re: Another Trustee/trust Question

Kids 11 & 13. 4M in networth and life insurance. Really don't want to put that much money in one person's pocket. Is Vanguard a good trustee or is there another well known institution with low fees? What percentage should we expect to pay? Brother and sister-in-law will be the primary guardians and...
by smackboy1
Mon May 27, 2019 9:25 am
Forum: Personal Finance (Not Investing)
Topic: Invest for kids via LLC
Replies: 29
Views: 2283

Re: Invest for kids via LLC

In our case, we have already created an LLC in which the parents (us) own the controlling shares, but we can distribute the economic proceeds to the kids at our discretion, and ultimately give them the controlling rights when we decide (or die)... Pros: We control age of control for kids, unlike UG...
by smackboy1
Thu May 23, 2019 9:22 am
Forum: Personal Finance (Not Investing)
Topic: Irrevocable trusts and capital gains
Replies: 5
Views: 571

Re: Irrevocable trusts and capital gains

This may be a time where paying a CPA who does a good amount of trust work to look at your trust and your plan to make sure it makes sense would be a great investment of several hundred $$ vs the opinions and advice you'll get here This is good advice. Are you familiar with the 65 day rule? A trust...
by smackboy1
Wed May 22, 2019 8:45 am
Forum: Investing - Theory, News & General
Topic: Is there a FAANG ETF?
Replies: 37
Views: 3071

Re: Is there a FAANG ETF?

This might be a stupid question, but I was just curious is there an ETF that only has FAANG stocks? (Facebook, Apple, Amazon, Netflix, Google) Doubtful. With so few stocks no one in their right mind would pay any fees to manage it. I can find one "technology" ETF that owns all of them - along with ...
by smackboy1
Thu May 09, 2019 5:07 pm
Forum: Personal Consumer Issues
Topic: Cell Phone Plan/Carrier Recommendation?
Replies: 59
Views: 5929

Re: Cell Phone Plan/Carrier Recommendation?

Cellular coverage in your geographic area is most important. So first figure out which carrier has the best coverage. Without cell signal the phone is useless. http://webcoveragemap.rootmetrics.com/en-US In big metro areas all carriers have decent coverage, including the MVNOs. Elsewhere, it's usual...
by smackboy1
Mon May 06, 2019 9:13 pm
Forum: Personal Consumer Issues
Topic: Winter Tires All Year?
Replies: 62
Views: 3734

Re: Winter Tires All Year?

I live in the Northeast and put winter tires on my Prius each year. I only drive less than 200 miles per month. Is it worth it for me to unmount my winter tires and remount my all-season tires? Or just keep my winter tires on year round since I drive so few miles? Winter tire compound is soft so on...
by smackboy1
Thu May 02, 2019 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: DIY amendment to Trust?
Replies: 26
Views: 2221

Re: DIY amendment to Trust?

I have previously used an attorney to create and amend my revocable living trust. Previous Amendment was to change beneficiaries. I am thinking of drafting another Amendment myself, again to change the beneficiary designations, using the previous Amendment as a template. I am a California resident....
by smackboy1
Thu May 02, 2019 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: Family Trust
Replies: 25
Views: 3254

Re: Family Trust

Do you want to take into consideration what happens if one of you dies long before the other and the surviving spouse might get remarried? You could choose to ask your lawyer to put in a requirement that the surviving spouse uses a prenup to ensure the kids you have now get an inheritance in the ev...
by smackboy1
Wed May 01, 2019 1:01 pm
Forum: Personal Consumer Issues
Topic: Major Home Imp.-Which documents/waivers?
Replies: 4
Views: 644

Re: Major Home Imp.-Which documents/waivers?

As a general matter it's a good idea to have the following things for construction: - Proof of state licensing (if required) - Certificate of insurance for the GC and subs for workers comp and general liability (at least $1MM, maybe more if it's a big job). - Make sure to have adequate homeowner's i...
by smackboy1
Mon Apr 29, 2019 9:59 am
Forum: Personal Consumer Issues
Topic: Umbrella insurance needed on secondary residence?
Replies: 12
Views: 870

Re: Umbrella insurance needed on secondary residence?

For example, what if you ski into another person on the ski hill, and the other skier is paralyzed? That is not listed as a known exposure but one that you want your umbrella insurance to cover. Think of the insurance as having 2 components: personal liability protection + premises liability protec...
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: 480

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: 412

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: 1521

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: 6486

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: 2458

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: 705

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: 2228

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: 623
Views: 52746

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: 999

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: 2228

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: 11175

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: 1555

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: 4918

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: 11175

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: 3506

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: 3011

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: 1756

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: 1182

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: 6590

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: 6590

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: 2098

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: 2431

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: 5540

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: 823

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: 59
Views: 3819

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: 3485

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: 1322

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: 1263

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: 1263

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: 2540

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: 1058

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: 3713

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: 726

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: 734

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: 3713

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...