Search found 266 matches

by Archimedes
Sun Aug 02, 2020 1:23 pm
Forum: Personal Consumer Issues
Topic: Any advice on new French doors?
Replies: 18
Views: 1112

Re: Any advice on new French doors?

French doors typically open to the inside up north where there can be snow. In warm climates, they can open inside or outside. We like to have screens on the outside, and my better half and I are currently trying to decide whether we should have screens that open out, or sliding screens, or disappea...
by Archimedes
Sun Aug 02, 2020 12:57 pm
Forum: Personal Consumer Issues
Topic: Any advice on new French doors?
Replies: 18
Views: 1112

Re: Any advice on new French doors?

Interesting that some people prefer french doors vs. sliders. My house had french doors between the living room and porch and replacing with a slider has been so much better in term of not interfering with furniture. Also my french doors were a non-standard size, so I paid the installers extra to m...
by Archimedes
Sun Aug 02, 2020 12:48 pm
Forum: Personal Consumer Issues
Topic: Any advice on new French doors?
Replies: 18
Views: 1112

Re: Any advice on new French doors?

We now plan to go to some more door stores to actually see the Marvin doors as well as the Anderson. In the showroom we went to yesterday, the Anderson exhibit had both sliders and french doors to try, but the Marvin exhibit that they had in the showroom only had sliders. We want to get a sense of t...
by Archimedes
Sun Aug 02, 2020 12:46 pm
Forum: Personal Consumer Issues
Topic: Any advice on new French doors?
Replies: 18
Views: 1112

Re: Any advice on new French doors?

The doors operate smoothly. Just to be clear, these are “open-in” hinged doors, not sliders. Yes, we are looking for hinged French doors, that operate smoothly. If the doors you were quoted are integrated within a frame and installed as finished unit, you’ll probably be pleased with their operation...
by Archimedes
Sun Aug 02, 2020 11:03 am
Forum: Personal Consumer Issues
Topic: Any advice on new French doors?
Replies: 18
Views: 1112

Re: Any advice on new French doors?

marcwd wrote:
Sun Aug 02, 2020 9:10 am

The doors operate smoothly. Just to be clear, these are “open-in” hinged doors, not sliders.
Yes, we are looking for hinged French doors, that operate smoothly.
by Archimedes
Sun Aug 02, 2020 2:53 am
Forum: Personal Consumer Issues
Topic: Any advice on new French doors?
Replies: 18
Views: 1112

Re: Any advice on new French doors?

I’ve chosen Eagle (now Anderson E-series) for double-hung and casement windows and double French doors. They’re aluminum-clad, not vinyl or fiberglass. I’m pleased with them after 10-plus years of use. How easy and smooth is the function of your Anderson E French doors? The current French doors tha...
by Archimedes
Sun Aug 02, 2020 2:48 am
Forum: Personal Consumer Issues
Topic: Any advice on new French doors?
Replies: 18
Views: 1112

Re: Any advice on new French doors?

Archimedes, Look into the brand "Provia" online. We installed three Provia steel doors ten years ago this month; model 009 steel front door with clear lowE/argon glass sidelite, model 460 steel french door with clear lowE argon glass and retractable screen door, and model 460 steel door with lowE g...
by Archimedes
Sat Aug 01, 2020 9:16 pm
Forum: Personal Consumer Issues
Topic: Any advice on new French doors?
Replies: 18
Views: 1112

Any advice on new French doors?

We are planning to replace 4 sets of double French patio doors and 2 single French doors. We went to the local door and window store and they quoted us 15k for the 6 Marvin Elevate doors, and 20k for the 6 Anderson 400 French doors. The Marvin are fiberglass clad on the outside, Anderson are vinyl c...
by Archimedes
Thu Jul 23, 2020 6:43 pm
Forum: Personal Finance (Not Investing)
Topic: Is it possible to exit onerous trust and management fees?
Replies: 55
Views: 2535

Re: Is it possible to exit onerous trust and management fees?

My relative was able to get more information today after a third call with the bank trust department. The total combined fee for trust management and asset management is the 1.7%, and they try to use lower cost passive funds and ETF's with expense ratios roughly around 0.2%. So the total base fee ru...
by Archimedes
Thu Jul 23, 2020 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: Is it possible to exit onerous trust and management fees?
Replies: 55
Views: 2535

Re: Is it possible to exit onerous trust and management fees?

At $25 million they should be substantially less than 1%, including asset management. If they use mutual funds, they'll usually use low cost ETFs or index funds, or their own funds. If they use their own funds, they'll credit their fees at the fund level against their trustee's commissions. The tru...
by Archimedes
Thu Jul 23, 2020 5:47 pm
Forum: Personal Finance (Not Investing)
Topic: Is it possible to exit onerous trust and management fees?
Replies: 55
Views: 2535

Re: Is it possible to exit onerous trust and management fees?

OP, You also need to see if the new trust company can hold the existing assets. With more of the backstory now known, some of the holdings may not be stocks or mutual funds that Vanguard is willing to hold. If the houses are in the trusts, that may also make it harder to find an agreeable trustee. ...
by Archimedes
Thu Jul 23, 2020 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: Is it possible to exit onerous trust and management fees?
Replies: 55
Views: 2535

Re: Is it possible to exit onerous trust and management fees?

Getting information about the total fees charged has been like pulling teeth. "Oh, it is complicated, it varies based upon the funds chosen, it is a bit different for each of the trusts." My best estimate is that the total all-in fees are in the range of 2.5% of assets under management. Also, OP, a...
by Archimedes
Thu Jul 23, 2020 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: Is it possible to exit onerous trust and management fees?
Replies: 55
Views: 2535

Re: Is it possible to exit onerous trust and management fees?

The trust documents were drafted in the 1950's when the beneficiary was in her early 20's, with no investment acumen. The goal was for her to have investment guidance and protection from loss of the funds. She worked for many years earning a reasonable income, then she retired, living off social sec...
by Archimedes
Thu Jul 23, 2020 9:49 am
Forum: Personal Finance (Not Investing)
Topic: Is it possible to exit onerous trust and management fees?
Replies: 55
Views: 2535

Re: Is it possible to exit onerous trust and management fees?

I would have the relative or someone legally empowered to act on her behalf satisfy the requirements of the trustees when changing to another set of trustees. I am not sure what you mean by this. Might you explain further? There may be reasons for why the trust was set up the way it was. The person...
by Archimedes
Thu Jul 23, 2020 8:43 am
Forum: Personal Finance (Not Investing)
Topic: Is it possible to exit onerous trust and management fees?
Replies: 55
Views: 2535

Re: Is it possible to exit onerous trust and management fees?

So far, this discussion has been quite helpful. I am feeling more confident that Vanguard could serve as the corporate trustee and save tens of thousands of dollars a year that could be used by the beneficiary rather than enriching the bank.
by Archimedes
Thu Jul 23, 2020 8:35 am
Forum: Personal Finance (Not Investing)
Topic: Is it possible to exit onerous trust and management fees?
Replies: 55
Views: 2535

Re: Is it possible to exit onerous trust and management fees?

Apparently VNTC has more than $50 M in regulatory capital. https://www.ibanknet.com/scripts/callreports/printreport.aspx?ibnid=usa_3045383&per=20180630&rpt=summary Costs: For V it is simple. 0.55% of assets plus the expense ratios of the mutual funds. Based on reports on bogleheads, they will use l...
by Archimedes
Thu Jul 23, 2020 8:18 am
Forum: Personal Finance (Not Investing)
Topic: Is it possible to exit onerous trust and management fees?
Replies: 55
Views: 2535

Re: Is it possible to exit onerous trust and management fees?

Apparently VNTC has more than $50 M in regulatory capital. https://www.ibanknet.com/scripts/callreports/printreport.aspx?ibnid=usa_3045383&per=20180630&rpt=summary Costs: For V it is simple. 0.55% of assets plus the expense ratios of the mutual funds. Based on reports on bogleheads, they will use l...
by Archimedes
Thu Jul 23, 2020 6:28 am
Forum: Personal Finance (Not Investing)
Topic: Is it possible to exit onerous trust and management fees?
Replies: 55
Views: 2535

Re: Is it possible to exit onerous trust and management fees?

What is the procedure for replacing the trustee? Does the beneficiary get to pick one (so long as it meets the criteria) or is more involved? Your proposed successor trustees should be able to tell you if they meet the criteria in the trust document. Vanguard itself is not a trust company, but it h...
by Archimedes
Thu Jul 23, 2020 6:27 am
Forum: Personal Finance (Not Investing)
Topic: Is it possible to exit onerous trust and management fees?
Replies: 55
Views: 2535

Re: Is it possible to exit onerous trust and management fees?

These are not banks or trust companies, but brokerages. Any of them would make a good trustee if they were eligible. But they are not. Yes, Vanguard is a brokerage, but Vanguard also established a separate trust company so that they can act as a corporate trustee. It is called Vanguard National Tru...
by Archimedes
Thu Jul 23, 2020 5:41 am
Forum: Personal Finance (Not Investing)
Topic: Is it possible to exit onerous trust and management fees?
Replies: 55
Views: 2535

Is it possible to exit onerous trust and management fees?

I have an 85 year old relative with 3M in assets left in various trusts. The trusts are held with a large US banking institution. The bank is providing 3 services that cost money. The bank 1) acts as a corporate trustee, 2) provides asset management, and 3) chooses the funds that they invest in and ...
by Archimedes
Wed Jul 22, 2020 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: Pursue a Job Offer I am not ready for? Apply more pressure for my Raise? Wait?
Replies: 49
Views: 3330

Re: Pursue a Job Offer I am not ready for? Apply more pressure for my Raise? Wait?

I would go on the interview and view it as exploration, learning. You don't have to take the new job. You don't have to do anything. In terms of accepting a promotion while waiting for a raise, I never found this to be acceptable. I tell them I am interested in the promotion and I then wait for the ...
by Archimedes
Wed Jun 10, 2020 8:06 pm
Forum: Personal Consumer Issues
Topic: What Size Home For A Family?
Replies: 87
Views: 5522

Re: What Size Home For A Family?

2500 square feet with 2.5 baths would be quite practical, yet sufficient for family comfort. 3500 square feet with 3.5 baths would be somewhat luxurious with plenty of extra space, some of which you probably won’t utilize. More than that is getting into the “who needs the extra maintenance and utili...
by Archimedes
Wed May 20, 2020 4:42 am
Forum: Personal Finance (Not Investing)
Topic: Need help from NYC Real Estate Experts!!!
Replies: 35
Views: 3007

Re: Need help from NYC Real Estate Experts!!!

I have a question. Is your motivation to purchase based on wanting to spend weekends in the city? Or is it more that you are enamored with the idea that you want to own a place in NYC? Many NYC dwellers leave for their country homes every weekend. How about you make a deal to rent a home in NYC for ...
by Archimedes
Sun May 10, 2020 5:15 am
Forum: Personal Finance (Not Investing)
Topic: High Income, next financial move?
Replies: 31
Views: 3185

Re: High Income, next financial move?

Some people live to work. Others work to live. Decide which you are and you will have your answer. I am the latter. The reason I work is so I eventually won't have to. If you have FU money then sell it. Travel, fish, cook, sleep late, whatever you want to do. I live to make a contribution to the wo...
by Archimedes
Sat May 09, 2020 6:32 pm
Forum: Personal Finance (Not Investing)
Topic: High Income, next financial move?
Replies: 31
Views: 3185

Re: High Income, next financial move?

Thank you for the detailed introduction to ESOPs. There are some rules in our state regarding who is allowed to have an ownership interest in this type of business. While many of our employees qualify, some do not. I can't be the only one dying to know what type of business this is. Any chance you ...
by Archimedes
Sat May 09, 2020 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: High Income, next financial move?
Replies: 31
Views: 3185

Re: High Income, next financial move?

Are you an S Corp? C Corp? If you want to leave the company for your current management and employees, why not look at an ESOP as a succession plan? You can phase out your ownership over the course of years (say, 3-5 or so). Huge tax advantages. Otherwise, the general idea is take it to market and ...
by Archimedes
Sat May 09, 2020 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: High Income, next financial move?
Replies: 31
Views: 3185

Re: High Income, next financial move?

OP, Given your strong feelings for your company and employees have you considered what happens if you died suddenly? Don't know about ESOP, but could it be funded by life insurance on you? So your heirs get the insurance money and the employees get the company? Would that be what you would want? My...
by Archimedes
Sat May 09, 2020 11:20 am
Forum: Personal Finance (Not Investing)
Topic: High Income, next financial move?
Replies: 31
Views: 3185

Re: High Income, next financial move?

Are you an S Corp? C Corp? If you want to leave the company for your current management and employees, why not look at an ESOP as a succession plan? You can phase out your ownership over the course of years (say, 3-5 or so). Huge tax advantages. Otherwise, the general idea is take it to market and ...
by Archimedes
Sat May 09, 2020 11:16 am
Forum: Personal Finance (Not Investing)
Topic: High Income, next financial move?
Replies: 31
Views: 3185

Re: High Income, next financial move?

I started the company and I own 100%. I enjoy the work, the creativity, the building, the challenges, the problem solving, the interactions with the team. Sounds like you like it, and would get bored if you sold it. If you hated it it would be a different story, but keep it and roll on. Once it's g...
by Archimedes
Sat May 09, 2020 11:11 am
Forum: Personal Finance (Not Investing)
Topic: High Income, next financial move?
Replies: 31
Views: 3185

Re: High Income, next financial move?

If they believe in the future prospects, the employees could borrow the money to buy the business. Or bring in outside investors who will put up capital in return for a share of ownership. In some deals the debt ends up being on the business itself. Or perhaps sell to a private equity firm. My numb...
by Archimedes
Sat May 09, 2020 6:53 am
Forum: Personal Finance (Not Investing)
Topic: High Income, next financial move?
Replies: 31
Views: 3185

Re: High Income, next financial move?

Do I keep working and earning, or do I look to sell? How much of the company do you own? Can you stop working and not sell? I started the company and I own 100%. I enjoy the work, the creativity, the building, the challenges, the problem solving, the interactions with the team. Before the pandemic,...
by Archimedes
Sat May 09, 2020 2:08 am
Forum: Personal Finance (Not Investing)
Topic: High Income, next financial move?
Replies: 31
Views: 3185

High Income, next financial move?

I was a successful professional for many years until I started my own business, which has become wildly successful beyond what I ever could have imagined. Current net worth: Perhaps roughly 25M 9.5M liquid 25/75 asset allocation (I cashed out of my prior asset allocation in mid February at the marke...
by Archimedes
Fri Apr 24, 2020 6:44 pm
Forum: Personal Finance (Not Investing)
Topic: Expert Consultant: $110 / hr??
Replies: 70
Views: 6571

Re: Expert Consultant: $110 / hr??

I recommend that any consulting gig be at a minimum double your usual hourly rate at your 9-5 job. When I was working my regular job in the past, I made a salary that worked out to around $250/hr. For consulting, I charged double that hourly rate, $500/hr. I also typically had a minimum engagement o...
by Archimedes
Fri Apr 17, 2020 7:56 pm
Forum: Personal Finance (Not Investing)
Topic: $1M home purchase - can we afford it?
Replies: 74
Views: 7021

Re: $1M home purchase - can we afford it?

You can afford it, but in your shoes I would wait 6 months to see where things shake out with the current recession.
by Archimedes
Fri Apr 17, 2020 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: Estate questions
Replies: 17
Views: 1812

Re: Estate questions

The check is for a small amount. In your shoes, I would get out a cell phone and do a virtual electronic deposit to the joint account. It is highly unlikely that the bank would disallow the deposit.
by Archimedes
Mon Apr 13, 2020 6:43 am
Forum: Personal Consumer Issues
Topic: Face masks to prevent infection
Replies: 39
Views: 7787

Re: Face masks to prevent infection

I have expertise in this area. Masks are partially protective for both the wearer and for others. They reduce risk for both. However, masks are clearly not fully protective, but they are clearly helpful. This is based on well done research. For others: An asymptomatic carrier of COVID wearing a mask...
by Archimedes
Sat Apr 11, 2020 3:58 pm
Forum: Personal Investments
Topic: FOMO Help - $1M to invest after avoiding all of the downturn
Replies: 58
Views: 6098

Re: FOMO Help - $1M to invest after avoiding all of the downturn

I’m in the same situation, did the same thing. Market timing doesn’t usually work well. In February I made the right call on the front end, but now I don’t know what to do on the back end. Good luck!
by Archimedes
Sat Apr 11, 2020 3:53 pm
Forum: Personal Investments
Topic: Ponzi Scheme?
Replies: 215
Views: 17874

Re: Ponzi Scheme?

I would advise your parent that there are multiple parallels of their current investment to the Madoff scandal of the last decade. See what the response is. You warn said parent, but then your job is to back off, to let it go. It is your parents’ money to lose. It is your responsibility to share you...
by Archimedes
Sat Apr 11, 2020 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: Executive pay cut request: How to respond?
Replies: 130
Views: 13244

Re: Executive pay cut request: How to respond?

I am an entrepreneur. I make a 7 figure annual income. I built my own successful company. I don’t enjoy going to the expensive lawyers and accountants all that much. I may get more interesting advice when I post on bogleheads or on a forum in my industry. Sure, I may then bring forward some of those...
by Archimedes
Fri Apr 10, 2020 5:42 pm
Forum: Personal Finance (Not Investing)
Topic: Lease is up--what would you do?
Replies: 57
Views: 5784

Re: Lease is up--what would you do?

In negotiations, knowledge is power. I don’t have a sense that you have a good understanding of what your landlord is hoping to accomplish. Have you asked your landlord what her main goals are with the lease renewal? Have you asked her why she does not like the idea of a month to month lease? Have y...
by Archimedes
Tue Apr 07, 2020 6:30 pm
Forum: Personal Finance (Not Investing)
Topic: Just found out my wife was a 1099 for 2019
Replies: 11
Views: 1494

Re: Just found out my wife was a 1099 for 2019

You could set up a solo 401k for your wife.
by Archimedes
Tue Apr 07, 2020 6:26 pm
Forum: Personal Consumer Issues
Topic: How do you maximize enjoyment after achieving FI?
Replies: 161
Views: 8857

Re: How do you maximize enjoyment after achieving FI?

For me:

Spend more time outdoors
Travel to interesting places
Design a beautiful conifer garden
Eat a delicious lunch on the sky deck overlooking the water
Continue to do meaningful work
Continue to create and expand a work culture where others can grow and make meaningful contributions to our world
by Archimedes
Fri Mar 13, 2020 2:43 am
Forum: Investing - Theory, News & General
Topic: Market Timing - Should we have seen this coming?
Replies: 67
Views: 3923

Re: Market Timing - Should we have seen this coming?

In 2008 I had no idea what was coming. But this time the events were in my area of expertise, and it seemed obvious from a mile away in early February. I kept screaming at the computer asking why no one was seeing the massive risk in front of our eyes. Near the market peak a month ago, I rebalanced ...
by Archimedes
Mon Mar 09, 2020 4:47 am
Forum: Personal Investments
Topic: Mea culpa for what I just did in this crazy market.....
Replies: 30
Views: 4542

Re: Mea culpa for what I just did in this crazy market.....

market timers seeking market timing advice on BH... :oops: I have never, ever been a market timer. Not for over 30 years. I had been following the boglehead philosophy religiously for more than 3 decades. The situation staring me in the face in mid February appeared unprecedented in my lifetime, fr...
by Archimedes
Sat Mar 07, 2020 11:13 pm
Forum: Personal Investments
Topic: Mea culpa for what I just did in this crazy market.....
Replies: 30
Views: 4542

Re: Mea culpa for what I just did in this crazy market.....

There’s not enough info, but might this be the time to consider Roth conversions (ie, early retirement before RMDs start)? Unfortunately, we currently have no Roth accounts. We live in a very high tax state, so our combined marginal rate is currently 46%. That makes Roth conversions unattractive to...
by Archimedes
Sat Mar 07, 2020 6:49 pm
Forum: Personal Investments
Topic: Mea culpa for what I just did in this crazy market.....
Replies: 30
Views: 4542

Re: Mea culpa for what I just did in this crazy market.....

I've read that there have been some cases of reinfection - apparently, in some cases, the initially developed antibodies do not stay with the individual (or, perhaps, the virus mutated?) **disclosure: I'm NOT medically trained - I just remember reading about this antibody issue and the occasional r...
by Archimedes
Sat Mar 07, 2020 5:36 pm
Forum: Personal Investments
Topic: Mea culpa for what I just did in this crazy market.....
Replies: 30
Views: 4542

Re: Mea culpa for what I just did in this crazy market.....

I think the most important thing to determine is what your goal AA should be. I think based on what you've said so far, it should be less stocks than 60/40. Maybe one question to ask yourself, if you didn't see this coming and held on to everything at 60/40, how would you feel? Would you be panicki...
by Archimedes
Sat Mar 07, 2020 5:26 pm
Forum: Personal Investments
Topic: Mea culpa for what I just did in this crazy market.....
Replies: 30
Views: 4542

Re: Mea culpa for what I just did in this crazy market.....

You said you been investing for decades, how is current situation is worst than 2008-2009? 2008-2009 was much worse. What did you do during 2008-2009? You should do same as back than? In 2008 I was younger and not even beginning to think about retirement, so I just sat tight and stayed the course. ...
by Archimedes
Sat Mar 07, 2020 5:09 pm
Forum: Personal Investments
Topic: Mea culpa for what I just did in this crazy market.....
Replies: 30
Views: 4542

Re: Mea culpa for what I just did in this crazy market.....

Wow... every time I read one of these threads, I think there are a LOT more "market timers" around this site than I thought. Good for you, though, for recognizing the risk/danger ahead of the correction and (mostly) getting out. :beer Regarding getting back into the market - If it were me (and, it'...