Search found 258 matches

by CalPoppy
Fri Mar 12, 2021 7:10 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard Trust Services - minimum sensible size of assets.
Replies: 25
Views: 2449

Re: Vanguard Trust Services - minimum sensible size of assets.

Keep in mind that Vanguard charges two fees when acting as trustee: A trust administration fee for Vanguard National Trust Company (VNTC) An advisory fee for Vanguard Personal Advisor Services (PAS) to manage assets For trusts between $1m-$5m, the fee is: .25% for VNTC .3% for PAS .55% Total Source ...
by CalPoppy
Fri Mar 12, 2021 1:49 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard Trust Services - minimum sensible size of assets.
Replies: 25
Views: 2449

Re: Vanguard Trust Services - minimum sensible size of assets.

I assume you are asking about naming Vanguard National Trust Company (VNTC) as a successor trustee or successor co-trustee. First, VNTC will take on trusts that are $1m or larger. Second, VNTC won’t green light ahead of time, but there are steps that can help insure they accept an appointment: 1) Ca...
by CalPoppy
Mon Mar 08, 2021 2:31 am
Forum: Personal Investments
Topic: Father-In-Law Investment Advisor Search Advice
Replies: 7
Views: 906

Re: Father-In-Law Investment Advisor Search Advice

Sandi_k wrote: Mon Mar 08, 2021 1:25 am Rick Ferri might be another good resource.
Rick is wonderful, but I believe he doesn’t take on clients that want to be hands-off.
by CalPoppy
Mon Mar 08, 2021 2:27 am
Forum: Personal Investments
Topic: Father-In-Law Investment Advisor Search Advice
Replies: 7
Views: 906

Re: Father-In-Law Investment Advisor Search Advice

...but curious if anyone can share the experience with the Vanguard Flagship Select service in conjunction with Personal Advisory Services. You can read my experiences with Vanguard’s Personal Advisory Services, which have been positive, in my post here: https://www.bogleheads.org/forum/viewtopic.p...
by CalPoppy
Sun Feb 28, 2021 2:05 am
Forum: Personal Finance (Not Investing)
Topic: PPP Loan -Just applied first draw, second possible?
Replies: 7
Views: 583

Re: PPP Loan -Just applied first draw, second possible?

The SBA’s info sheet on PPP2 confirms what you said, and I don’t recall it stating anything about the timing after first draw. Of course, like the first draw, I suppose details could change / be clarified. “A borrower is generally eligible for a Second Draw PPP Loan if the borrower: - Previously re...
by CalPoppy
Sun Feb 28, 2021 1:40 am
Forum: Personal Finance (Not Investing)
Topic: PPP Loan -Just applied first draw, second possible?
Replies: 7
Views: 583

Re: PPP Loan -Just applied first draw, second possible?

The SBA’s info sheet on PPP2 confirms what you said. “A borrower is generally eligible for a Second Draw PPP Loan if the borrower: - Previously received a First Draw PPP Loan and will or has used the full amount only for authorized uses; - Has no more than 300 employees; and - Can demonstrate at lea...
by CalPoppy
Sun Feb 21, 2021 3:05 am
Forum: Personal Consumer Issues
Topic: Email - Gmail or iCloud and does it matter?
Replies: 18
Views: 2011

Re: Email - Gmail or iCloud and does it matter?

Has anyone made the switch to iCloud Mail and how was it? Are you sacrificing anything that Gmail had but iCloud doesn’t? I’m not interested in any of the super secure overseas email services like Proton. I can see that ending badly if some small company decides to stop providing free email and all...
by CalPoppy
Sun Feb 21, 2021 2:54 am
Forum: Personal Consumer Issues
Topic: Email - Gmail or iCloud and does it matter?
Replies: 18
Views: 2011

Re: Email - Gmail or iCloud and does it matter?

Google hasn’t updated the Gmail app on iOS I know that the gmail iOS app was updated for iOS 14. (I Googled it). It’s a later update deadline that the OP is referring to: “Google has not pushed updates to their flagship apps including Gmail and Google Maps since before a Dec. 8 deadline, imposed by...
by CalPoppy
Sat Feb 20, 2021 2:23 pm
Forum: Personal Investments
Topic: Instruction To Loved Ones!
Replies: 21
Views: 2069

Re: Instruction To Loved Ones!

Here’s what we’ve done: 1) created an estate plan and supporting documents with an estate attorney 2) created instructions that can be used by either of us or our heirs (covers details and topics that aren’t in the estate documents) 3) wife to use Vanguard’s Personal Advisor Service (PAS) if I pass ...
by CalPoppy
Sun Feb 14, 2021 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: Preparing mentally for retirement
Replies: 46
Views: 3863

Re: Preparing mentally for retirement

Have you considered using your professional skills in a volunteer position? I know several people from my large high-tech company who moved into Encore Fellowships (https://encore.org/fellowships/) when they left their jobs. But there are plenty of non-profits looking for professional skillsets for...
by CalPoppy
Sun Feb 14, 2021 12:55 pm
Forum: Investing - Theory, News & General
Topic: What happens if you retire using the 4% rule and the market crashes 40%+ the next week
Replies: 118
Views: 10615

Re: What happens if you retire using the 4% rule and the market crashes 40%+ the next week

1) Learn how conservative the 4% rule of thumb is https://www.kitces.com/blog/how-has-the-4-rule-held-up-since-the-tech-bubble-and-the-2008-financial-crisis/ 2) Learn how even a tiny amount of spending or earning flexibility can neutralize bad market conditions https://www.kitces.com/blog/the-proble...
by CalPoppy
Sun Feb 14, 2021 10:27 am
Forum: Personal Finance (Not Investing)
Topic: Discovered fund shares & taxes/accounting
Replies: 54
Views: 1634

Re: Discovered fund shares & taxes/accounting

I would hire a CPA to deal with it.
by CalPoppy
Sun Feb 14, 2021 2:46 am
Forum: Personal Finance (Not Investing)
Topic: Preparing mentally for retirement
Replies: 46
Views: 3863

Re: Preparing mentally for retirements

1/ Vanity. What will my friends, family and social circle say? I would be the first in my circle to make a decision like that. In the end I don’t care much about it, but I think about it. 2/ Fear about financial uncertainty. That’s a very weird one, considering I am very secure by all measures, but...
by CalPoppy
Thu Feb 11, 2021 1:34 am
Forum: Personal Finance (Not Investing)
Topic: To purchase a California home or move out of state?
Replies: 88
Views: 7554

Re: To purchase a California home or move out of state?

OP, as you say it’s a personal decision. I’ll simply share my experience. I’ve traveled much of the country and lived in a few places - including two states Californians are fleeing to, according to the press: CO and TX. Although I share some of the same concerns you have, I plan on staying in CA. I...
by CalPoppy
Wed Feb 10, 2021 6:33 pm
Forum: Personal Investments
Topic: Continue with large contributions, or not?
Replies: 6
Views: 788

Re: Continue with large contributions, or not?

Given the relatively high balances in the retirement accounts you might find this article of interest. https://www.kiplinger.com/article/taxes/t055-c032-s014-how-worried-should-i-be-about-the-tax-torpedo.html Ages 70-72 might bring a (tax-related) reckoning. Roth Conversions will likely help if you...
by CalPoppy
Wed Feb 10, 2021 6:17 pm
Forum: Personal Investments
Topic: Continue with large contributions, or not?
Replies: 6
Views: 788

Re: Continue with large contributions, or not?

You should also check out this website to see what it suggests for an optimal Social Security claiming stragety. https://opensocialsecurity.com/ I suspect that what to do is mainly an estate planning question about what will be best for your estate. Thanks for the awesome Social Security resource, ...
by CalPoppy
Wed Feb 10, 2021 5:30 pm
Forum: Personal Investments
Topic: Continue with large contributions, or not?
Replies: 6
Views: 788

Re: Continue with large contributions, or not?

If you retired today your expenses divided by portfolio balance is sub 3% I don't think any more contributions are necessary if you don't want to make any Thanks Ramjet. With taxes and the expenses covered by our business, we are closer to 4%. But I think what you say still applies. :happy I guess ...
by CalPoppy
Wed Feb 10, 2021 4:32 pm
Forum: Personal Investments
Topic: Continue with large contributions, or not?
Replies: 6
Views: 788

Continue with large contributions, or not?

I’m looking for guidance on whether to continue to direct a high percentage of our earnings to retirement accounts. Doing so will require withdrawals from our taxable accounts to pay for living expenses. These holdings have significant long term capital gains, about 70% of the market value. Or would...
by CalPoppy
Fri Feb 05, 2021 1:54 am
Forum: Personal Investments
Topic: California HSA - Treasury bonds vs brk.b?
Replies: 12
Views: 960

Re: California HSA - Treasury bonds vs brk.b?

Hi I am 27 in CA with a Fidelity HSA. CA and NJ mainly do not recognize the tax advantage of HSAs so they can be troublesome to deal with when filing taxes. I am trying to go with the most trouble-free option so that I have to do as little tracking and reporting as possible. I have viewed past thre...
by CalPoppy
Fri Feb 05, 2021 1:45 am
Forum: Personal Investments
Topic: California HSA - Treasury bonds vs brk.b?
Replies: 12
Views: 960

Re: California HSA - Treasury bonds vs brk.b?

I think it’s useful to think about the work/hassle required for record keeping in two parts. 1) Info for filing yearly tax returns 2) Info for tax reporting when shares are sold To me, the first is pretty simple. The second is more complicated. However, it’s easier if you limit the number of tax lot...
by CalPoppy
Sat Jan 30, 2021 1:40 pm
Forum: Personal Investments
Topic: Now in Retirement, asking for strategy thoughts
Replies: 32
Views: 3339

Re: Now in Retirement, asking for strategy thoughts

I'm asking 2 questions: does our current AA and withdraw strategy seem "okay" and your thoughts on whether or not partnering with a vanguard advisor would provide a benefit at the cost of .3% given the info I've provided? I’ve been an agent for two relatives, working closely with Vanguard...
by CalPoppy
Sat Jan 30, 2021 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: Banktivity Subscription Model
Replies: 12
Views: 766

Re: Banktivity Subscription Model

BuckeyeState wrote: Sat Jan 30, 2021 11:57 am
WolfgangPauli wrote: Sat Jan 30, 2021 11:54 am Quicken abandoned MAC users years ago.
Nope. Quicken for Mac 2021 review: https://thecollegeinvestor.com/20798/qu ... ac-review/
This. And since Inuit sold Quicken (about 5 years ago) support for the Mac version has improved.
by CalPoppy
Sat Jan 30, 2021 2:36 am
Forum: Personal Finance (Not Investing)
Topic: How to factor this bubble into FIRE calc?
Replies: 25
Views: 2154

Re: How to factor this bubble into FIRE calc?

I like to use the VPW worksheet found in the wiki here https://www.bogleheads.org/wiki/Variable_percentage_withdrawal It’s super simple. First input age, portfolio balance, and asset allocation. Then the sheet outputs a maximum withdrawal amount as well as what the amount would be after a severe mar...
by CalPoppy
Thu Jan 28, 2021 1:16 am
Forum: Personal Consumer Issues
Topic: Where do you keep the original of your will?
Replies: 85
Views: 7199

Re: Where do you keep the original of you will?

I created a shared document that syncs with family members. The note contains very basic instructions on what to do in case something happens to me, including where to find my estate plan documents (stored in a fire safe). I check yearly to insure they can access and understand the synced document. ...
by CalPoppy
Fri Jan 22, 2021 12:59 pm
Forum: Personal Investments
Topic: Criticize My Grind (26-37) --> Semi-Retire (37-50) --> Retire (50+)Plan
Replies: 33
Views: 2760

Re: Criticize My Grind (26-37) --> Semi-Retire (37-50) --> Retire (50+)Plan

I love the plan, but I’m biased- it’s the path I took! I’m in Phase 3. I won’t get into the numbers (you’ll figure those out along the way), but here’s some answers to your 3 questions: 1. No big picture holes. As for the issue of prime-earning years, it worked to our advantage. We’ve earned as much...
by CalPoppy
Thu Jan 14, 2021 12:59 am
Forum: Investing - Theory, News & General
Topic: Vanguard's Total Stock (VTSAX) vs. Extended Market (VEXAX)
Replies: 15
Views: 1447

Re: Vanguard's Total Stock (VTSAX) vs. Extended Market (VEXAX)

Expanding on grabiner's remarks, "extended market" doesn't mean "adding more on to the total market." It means "adding more on to the S&P 500 to make it the same as the total market." It includes exactly that part of the market which is not included in the S&P ...
by CalPoppy
Thu Jan 14, 2021 12:50 am
Forum: Investing - Theory, News & General
Topic: Vanguard's Total Stock (VTSAX) vs. Extended Market (VEXAX)
Replies: 15
Views: 1447

Re: Vanguard's Total Stock (VTSAX) vs. Extended Market (VEXAX)

I was thinking that some may hold both to control diversification. Total is ~75% large cap and Extended is about ~25% large cap. So Extended could be used to as a counterweight, adding more mid/small cap. If you are going to do this, Extended Market Index is not the optimal choice, because it is no...
by CalPoppy
Thu Jan 14, 2021 12:34 am
Forum: Investing - Theory, News & General
Topic: Vanguard's Total Stock (VTSAX) vs. Extended Market (VEXAX)
Replies: 15
Views: 1447

Re: Vanguard's Total Stock (VTSAX) vs. Extended Market (VEXAX)

I was thinking that some may hold both to control diversification . Total is ~75% large cap and Extended is about ~25% large cap. So Extended could be used to as a counterweight, adding more mid/small cap. Total Stock is a fully-diversified, cap-weighted US stock fund. By "adding" Extende...
by CalPoppy
Wed Jan 13, 2021 8:18 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's Total Stock (VTSAX) vs. Extended Market (VEXAX)
Replies: 15
Views: 1447

Re: Vanguard's Total Stock (VTSAX) vs. Extended Market (VEXAX)

000 wrote: Wed Jan 13, 2021 8:04 pm I use Total Stock but I have thought about adding Extended Market on top to tilt mid/small in a more diversified (by # of companies) than the Small and Mid Cap index funds themselves.
That's how I use them
by CalPoppy
Wed Jan 13, 2021 8:16 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's Total Stock (VTSAX) vs. Extended Market (VEXAX)
Replies: 15
Views: 1447

Re: Vanguard's Total Stock (VTSAX) vs. Extended Market (VEXAX)

Ah you're thinking of tilting anyway that's one way to do it while others buy just a plain small cap or small value fund which is more or less how I do it although I use sp 500 as large cap rather than total stock. Yes. Actually I already use both to get my desired asset allocation, but I didn't wa...
by CalPoppy
Wed Jan 13, 2021 7:59 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's Total Stock (VTSAX) vs. Extended Market (VEXAX)
Replies: 15
Views: 1447

Re: Vanguard's Total Stock (VTSAX) vs. Extended Market (VEXAX)

placeholder wrote: Wed Jan 13, 2021 7:40 pm Neither but they aren't really comparable so I'm not sure what the real question is.
I was thinking that some may hold both to control diversification. Total is ~75% large cap and Extended is about ~25% large cap. So Extended could be used to as a counterweight, adding more mid/small cap.
by CalPoppy
Wed Jan 13, 2021 7:37 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's Total Stock (VTSAX) vs. Extended Market (VEXAX)
Replies: 15
Views: 1447

Vanguard's Total Stock (VTSAX) vs. Extended Market (VEXAX)

Vanguard's Total Stock Market Index Fund (VTSAX) vs. Extended Market Index Fund (VEXAX).

Which one do you use? Or do you use both? Why?
by CalPoppy
Wed Jan 13, 2021 2:30 am
Forum: Investing - Theory, News & General
Topic: The new and bigger irrational exuberance
Replies: 135
Views: 11022

Re: The new and bigger irrational exuberance

https://advisors.vanguard.com/e-assets/articles/FAS008714/A-fair-value-for-US-equities.png Note the dot-com bubble vs. Vanguard’s fair value CAPE. Not shown and more up-to-date: Per a recent Vanguard webinar, Vanguard’s Joe Davis stated the US market is currently at the top of Vanguard’s fair value...
by CalPoppy
Tue Jan 12, 2021 1:02 pm
Forum: Investing - Theory, News & General
Topic: Kitces article on lower prob of retirement success ok
Replies: 75
Views: 7571

Re: Kitces article on lower prob of retirement success ok

Vanguard CEO Tim Buckley: "...most Vanguard shareholders in retirement, they live below their means. You both have seen that time and time again. And when times get tough, they cut down...which they should do—but they do that too much. And they worry in the good times and are not spending. And ...
by CalPoppy
Mon Jan 11, 2021 6:06 pm
Forum: Personal Finance (Not Investing)
Topic: What are your Lean FIRE, FIRE, and Fat FIRE numbers?
Replies: 307
Views: 26002

Re: What are your Lean FIRE, FIRE, and Fat FIRE numbers?

Here are some actual numbers, for what it's worth: FIRE: $120k (2020 so very limited travel, eating out...but spending ramped up in other areas) Fat FIRE: $160k (2017-2019 spending average) This is based on: FIRE'd couple in early 50s living in VHCOL But ~MCOL property taxes due to state's limitatio...
by CalPoppy
Mon Jan 11, 2021 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: What are your Lean FIRE, FIRE, and Fat FIRE numbers?
Replies: 307
Views: 26002

Re: What are your Lean FIRE, FIRE, and Fat FIRE numbers?

CyclingDuo wrote: Mon Jan 11, 2021 11:33 am
CoastFIRE
Upon first glance, I thought this was a new term for FIRE’ing in HCOL coastal California, haha.
by CalPoppy
Sun Jan 03, 2021 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: Higher Salary for Self-Employed S Corp to Maximize Solo 401k worth it?
Replies: 29
Views: 921

Re: Higher Salary for Self-Employed S Corp to Maximize Solo 401k worth it?

Yes, but you still have to pay payroll taxes on that bonus and if your income. You are paying more payroll taxes to get the opportunity to contribute more to traditional 401k. I am trying to figure out if it’s worth paying those taxes to get that benefit or if I would better of just investing that ...
by CalPoppy
Sun Jan 03, 2021 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: Higher Salary for Self-Employed S Corp to Maximize Solo 401k worth it?
Replies: 29
Views: 921

Re: Higher Salary for Self-Employed S Corp to Maximize Solo 401k worth it?

It seems like there are a lot of variables and best to have a CPA do the math based on the particular situation. I think so. Along with factoring in your priorities, such as building retirement accounts, taxable savings, increasing an emergency fund, paying down a mortgage, etc. And those can of co...
by CalPoppy
Sun Jan 03, 2021 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: Higher Salary for Self-Employed S Corp to Maximize Solo 401k worth it?
Replies: 29
Views: 921

Re: Higher Salary for Self-Employed S Corp to Maximize Solo 401k worth it?

Rob, I am interested to learn about the strategy you mentioned. Does the bonus result in less payroll taxes? I ran the numbers with my CPA a few years ago, and (in my case) there was a slight advantage to directing more to the 401(k). However, what you are trying to maximize plays a part too - reti...
by CalPoppy
Sun Jan 03, 2021 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: Higher Salary for Self-Employed S Corp to Maximize Solo 401k worth it?
Replies: 29
Views: 921

Re: Higher Salary for Self-Employed S Corp to Maximize Solo 401k worth it?

I ran the numbers with my CPA a few years ago, and (in my case) there was a slight advantage to directing more to the 401(k). However, what you are trying to maximize plays a part too - retirement or taxable accounts. With a good amount in taxable, I have leaned towards additional contributions to r...
by CalPoppy
Thu Dec 31, 2020 12:40 am
Forum: Personal Consumer Issues
Topic: Are/Were you in a Mastermind Group?
Replies: 12
Views: 1909

Re: Are/Were you in a Mastermind Group?

If you are interested in groups focused on business: Entrepreneurs' Organization (EO) For founders / business owners https://en.m.wikipedia.org/wiki/Entrepreneurs%27_Organization Young Presidents' Organization (YPO) For presidents / CEOs https://en.m.wikipedia.org/wiki/Young_Presidents%27_Organizat...
by CalPoppy
Wed Dec 30, 2020 12:41 pm
Forum: Personal Consumer Issues
Topic: Are/Were you in a Mastermind Group?
Replies: 12
Views: 1909

Re: Are/Were you in a Mastermind Group?

If you are interested in groups focused on business: Entrepreneurs' Organization (EO) For founders / business owners https://en.m.wikipedia.org/wiki/Entrepreneurs%27_Organization Young Presidents' Organization (YPO) For presidents / CEOs https://en.m.wikipedia.org/wiki/Young_Presidents%27_Organizati...
by CalPoppy
Tue Dec 29, 2020 1:28 am
Forum: Personal Investments
Topic: Tax Gain Harvest - 0% Fed but 6% State
Replies: 15
Views: 962

Re: Tax Gain Harvest - 0% Fed but 6% State

I like tax gain harvesting and have done so (and paid state taxes). However, in your situation - in addition to the fact that you seem likely to move to a state with lower taxes - you may want to do the math on the expected return of investing the amount you would pay in state taxes. Given your age,...
by CalPoppy
Tue Dec 29, 2020 12:54 am
Forum: Personal Finance (Not Investing)
Topic: Shopping for an Estate Planning Lawyer
Replies: 34
Views: 1994

Re: Shopping for an Estate Planning Lawyer

I’m sorry to hear about your situation. Q1. What are some valuable questions to ask an estate planning lawyer to vet their quality and service? Is estate planning your main area of focus? (best if yes, or one of a few related areas of focus) How long have you practicing estate planning? (ideally ove...
by CalPoppy
Sun Dec 20, 2020 2:50 am
Forum: Personal Finance (Not Investing)
Topic: Income in retirement - please help me brainstorm a good strategy
Replies: 5
Views: 727

Re: Income in retirement - please help me brainstorm a good strategy

As my brokerage account grows, i was planning on exiting individual stocks and getting into safer ETFs like VOO and SPY....but doing this at once or even in big chuncks would mean a high tax bill. Whats the best strategy here? This may help, if your income after retirement allows for it: Tax-gain h...
by CalPoppy
Sun Dec 20, 2020 2:44 am
Forum: Personal Finance (Not Investing)
Topic: Income in retirement - please help me brainstorm a good strategy
Replies: 5
Views: 727

Re: Income in retirement - please help me brainstorm a good strategy

First off, congrats. You are almost there! This is a different direction then you’ve outlined, but here’s my experience. I “retired” 10+ years ago at age 40 with significant savings in both retirement and non-retirement account, so I faced the same challenge. I put retired in quotes, because the cor...
by CalPoppy
Sat Dec 12, 2020 12:41 pm
Forum: Personal Investments
Topic: did you rebalance portfolio in the past month?
Replies: 48
Views: 2884

Re: did you rebalance portfolio in the past month?

Rebalanced recently. I moved from checking once a year to once a month, as I was missing too many rebalancing opportunities. I rebalance if off 5%. If you have most of your portfolio with one firm, it’s easy view your overall asset mix online. Then, if needed, use a spreadsheet to more specifically ...
by CalPoppy
Wed Dec 02, 2020 12:42 pm
Forum: Investing - Theory, News & General
Topic: after 1 million, what makes a difference?
Replies: 162
Views: 18614

Re: after 1 million, what makes a difference?

Numbers: One way to answer the question is to focus on numbers (the dollar amount as a percentage of portfolio value, etc). Why: Another way to answer the question is to ask “Why?” What’s your purpose for accumulating wealth? Money is a tool. Enough: Yet another way to answer the question is to ask ...
by CalPoppy
Wed Dec 02, 2020 1:59 am
Forum: Personal Finance (Not Investing)
Topic: Flat fee financial planner
Replies: 28
Views: 3260

Re: Flat fee financial planner

All While I am pretty comfortable with the investment side of the house, looking for a financial planner. Lots of things to sort out, including estate, tax planning, insurance Etc. Please don’t take this thread in the direction of its easy to figure it out. I get it, but I still want a planner. Ide...