Search found 96 matches

by g2morrow
Tue Jun 16, 2020 8:00 am
Forum: Personal Investments
Topic: Best Day to Make Automatic Purchase
Replies: 5
Views: 916

Re: Best Day to Make Automatic Purchase

the best day to invest is yesterday! or as soon as you can
by g2morrow
Tue Mar 17, 2020 10:24 am
Forum: Personal Consumer Issues
Topic: Does Verizon FIOS let you take your Internet with you?
Replies: 11
Views: 576

Re: Does Verizon FIOS let you take your Internet with you?

if your phone has unlimited data have you thought about using it as a hotspot?
by g2morrow
Mon Mar 16, 2020 11:07 am
Forum: Personal Consumer Issues
Topic: Get a 2nd Refrigerator for Home, and put in garage - Good idea?
Replies: 88
Views: 5072

Re: Get a 2nd Refrigerator for Home, and put in garage - Good idea?

Depending on how cold it gets in your garage, I would do some research on the minimum temperature your proposed refrigerator can operate at. Unlike older fridges, some modern fridges are not engineered to be in a cold place. In other words, if the temp in your garage is 50 degrees, and you need you...
by g2morrow
Thu Mar 05, 2020 12:56 pm
Forum: Personal Investments
Topic: If you can afford to increase your 401k contributions now, should you?
Replies: 36
Views: 2438

Re: If you can afford to increase your 401k contributions now, should you?

stl717 wrote:
Thu Mar 05, 2020 12:50 pm
Don't be like me and max your 401k out January of this year!!!! :oops:
that usually works out better - just maybe not this year - maybe
by g2morrow
Fri Feb 14, 2020 9:08 pm
Forum: Personal Finance (Not Investing)
Topic: Early inheritance for one - how to equalize disbursement?
Replies: 65
Views: 4252

Re: Early inheritance for one - how to equalize disbursement?

Thank you everyone for all the ideas and tips - I'll let her know what her options are, thanks again.
by g2morrow
Fri Feb 14, 2020 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: Early inheritance for one - how to equalize disbursement?
Replies: 65
Views: 4252

Re: Early inheritance for one - how to equalize disbursement?

Another option if possible (without a tax impact) is to separate out an account with 2x of the amount the one person got. Have the beneficiaries on that account be the 2 people who didn't get the early disbursement only. That way, the regular account would have 3 beneficiaries, and the special acco...
by g2morrow
Fri Feb 14, 2020 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: Early inheritance for one - how to equalize disbursement?
Replies: 65
Views: 4252

Re: Early inheritance for one - how to equalize disbursement?

Perhaps I’m just grumpy today, but I think that maintaining family harmony is overrated. I also think that when one child unilaterally (effectively) changes the deal after the fact, any concern for fairness should be ignored. So what would I do, given the new information? Split the inheritance two ...
by g2morrow
Fri Feb 14, 2020 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: Early inheritance for one - how to equalize disbursement?
Replies: 65
Views: 4252

Re: Early inheritance for one - how to equalize disbursement?

Whatever plan you come up with, make sure to run it by all 3 of the siblings (and Mom of course) and get agreement on it. Fairness is subjective, and things will go poorly if one of the siblings thinks the plan is unfair, even if it seems fair to the other 2. I already figured out long ago I can't ...
by g2morrow
Fri Feb 14, 2020 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: Early inheritance for one - how to equalize disbursement?
Replies: 65
Views: 4252

Re: Early inheritance for one - how to equalize disbursement?

Sorry! I'm actually agreeing with 123. It's just that his math is a bit off. If you want to use the percentage method, you can't just subtract the initial distribution from the final distribution. You do that first, and then you divide that number by whatever percentage of the estate remains. So, i...
by g2morrow
Fri Feb 14, 2020 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: Early inheritance for one - how to equalize disbursement?
Replies: 65
Views: 4252

Re: Early inheritance for one - how to equalize disbursement?

As long as you keep in mind the percentage of the estate distributed to each beneficiary it is (relatively) easy. But you do need some historical numbers to do it accurately. Example: Beneficiary "A" got an "advance inheritance" of $100,000 five years ago when the total value of the estate was $1 m...
by g2morrow
Fri Feb 14, 2020 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Early inheritance for one - how to equalize disbursement?
Replies: 65
Views: 4252

Re: Early inheritance for one - how to equalize disbursement?

There is a big difference between getting $100K today and $100K in 30 years (just random numbers). At a minimum I would index it for inflation, but that is still an unfair comparison. A financially well off individual that receives $100K today could easily turn that in to an inflation adjusted $500...
by g2morrow
Fri Feb 14, 2020 11:48 am
Forum: Personal Finance (Not Investing)
Topic: Early inheritance for one - how to equalize disbursement?
Replies: 65
Views: 4252

Re: Early inheritance for one - how to equalize disbursement?

I am the financial fairness police with our kids, because my mom was the opposite and that created issues among her children. As it happens, we are currently doing exactly this -- one child is getting a partial early inheritance, while 2 others are not (their choice). My method may be more complex ...
by g2morrow
Fri Feb 14, 2020 11:35 am
Forum: Personal Finance (Not Investing)
Topic: Early inheritance for one - how to equalize disbursement?
Replies: 65
Views: 4252

Re: Early inheritance for one - how to equalize disbursement?

MotoTrojan wrote:
Thu Feb 13, 2020 2:45 pm
I disagree that it’s fair, but it sure is easy.
can you explain what you don't think is fair about this approach?
by g2morrow
Fri Feb 14, 2020 11:26 am
Forum: Personal Finance (Not Investing)
Topic: Early inheritance for one - how to equalize disbursement?
Replies: 65
Views: 4252

Re: Early inheritance for one - how to equalize disbursement?

For better or worse, your mother went along with the early inheritance thing and therefore the hypothetical gain from sale of the house is gone. The options are: 1) disburse $60k to the two other siblings first, then split the remaining assets by 3 (you and sibling 1 annoyed, sibling 2 happy) 2) ha...
by g2morrow
Fri Feb 14, 2020 10:56 am
Forum: Personal Finance (Not Investing)
Topic: Early inheritance for one - how to equalize disbursement?
Replies: 65
Views: 4252

Re: Early inheritance for one - how to equalize disbursement?

As long as you keep in mind the percentage of the estate distributed to each beneficiary it is (relatively) easy. But you do need some historical numbers to do it accurately. Example: Beneficiary "A" got an "advance inheritance" of $100,000 five years ago when the total value of the estate was $1 m...
by g2morrow
Fri Feb 14, 2020 10:50 am
Forum: Personal Finance (Not Investing)
Topic: Early inheritance for one - how to equalize disbursement?
Replies: 65
Views: 4252

Re: Early inheritance for one - how to equalize disbursement?

Wow, lots of good info here - let me try and clear up a few things to hopefully answer some questions. The money wasn't exactly given. It was an agreement equity share in a property. Essentially my parents put some money down so she could get a house with the agreement being, once the house was sold...
by g2morrow
Thu Feb 13, 2020 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: Early inheritance for one - how to equalize disbursement?
Replies: 65
Views: 4252

Re: Early inheritance for one - how to equalize disbursement?

Are you sure gift taxes would come into play if it was done now? They don't apply until a little over $11 million gifted lifetime, although a gift tax return (with no actual tax imposed) is required if gifting over $15,000 per person in a year. Its not just the gift tax - it would take a bigger bit...
by g2morrow
Thu Feb 13, 2020 1:20 pm
Forum: Personal Finance (Not Investing)
Topic: Early inheritance for one - how to equalize disbursement?
Replies: 65
Views: 4252

Early inheritance for one - how to equalize disbursement?

Hopefully, I'll be able to ask this correctly. My mother has asked me to help equalize the distribution of her assets when she passes. Normally this would be straight forward, Three kids, each get 1/3rd. But she has given one child a significant early distribution. Now an easy answer would be to giv...
by g2morrow
Mon Feb 10, 2020 10:26 am
Forum: Personal Investments
Topic: Edleman Financial Engines ?
Replies: 18
Views: 1297

Re: Edleman Financial Engines ?

I moved my parent's investments from Edelman to Vanguard about 1 1/2 years ago. The portfolio size is about 2M. All fees including ER's were around 24k/year. ER's are separate from their fee. Their fee is clearly marked on the statement. For my parents they used TDAmeritrade but they use other broke...
by g2morrow
Thu Jan 30, 2020 10:16 am
Forum: Personal Investments
Topic: Roth IRA for a 15 year old
Replies: 23
Views: 1124

Re: teenage investor

big fan of Vanguard but i believe the min for target date fund is $1500 - save up that much, put it in target date fund - once you hit $3k move it to VTSAX - all in a Roth account of course - eh, just my two cents.
by g2morrow
Fri Jan 10, 2020 10:01 am
Forum: Personal Investments
Topic: Where do you keep your Emergency Funds? How is it invested?
Replies: 139
Views: 11841

Re: Where do you keep your Emergency Funds? How is it invested?

2X in VTSAX taxable - at least it started out at 2X, it has grown 8-)
by g2morrow
Fri Dec 27, 2019 12:23 pm
Forum: Personal Investments
Topic: VTI/VTSAX - Expense ratio
Replies: 9
Views: 538

Re: VTI/VTSAX - Expense ratio

doing the math - thats $100 difference per $1,000,000 - I don't see a difference, do whatever is most convenient for you
by g2morrow
Fri Nov 22, 2019 5:15 pm
Forum: Personal Consumer Issues
Topic: 70+year Oldies: Anyone buying the C8 Corvette?
Replies: 77
Views: 6130

Re: 70+year Oldies: Anyone buying the C8 Corvette?

Gort wrote:
Fri Nov 22, 2019 4:19 pm
Shallowpockets wrote:
Fri Nov 22, 2019 8:40 am
Corvette, blah, blah. Why not the Ford Mustang electric. Can probably beat that Corvette 0-60 by a wide margin.
A better race: First car to 500 miles. 8-)
The vette can do 0-60 in 2.8 seconds, thats blazing fast.
by g2morrow
Thu Oct 24, 2019 1:19 pm
Forum: Personal Investments
Topic: Emergency Fund - why not VTSAX?
Replies: 52
Views: 5417

Re: Emergency Fund - why not VTSAX?

just my opinion but its fine to use VTSAX as your emergency fund - just have 2X the amount and recognize the sequence of return risk
by g2morrow
Wed Oct 09, 2019 7:46 am
Forum: Investing - Theory, News & General
Topic: INTERNATIONALS 20% of Equities or 20% of Portfolio?
Replies: 58
Views: 4428

Re: INTERNATIONALS 20% of Equities or 20% of Portfolio?

IMHO it was 20% of your equities - personally i have 10% of equities international
by g2morrow
Wed Oct 09, 2019 6:43 am
Forum: Personal Consumer Issues
Topic: Downdraft ventilation system
Replies: 11
Views: 1174

Re: Downdraft ventilation system

downdrafts are generally inefficient and expensive. After doing a lot of research we decided just to skip the downdraft and get a 5 burner stovetop. Don't miss the downdraft at all.
by g2morrow
Mon Sep 30, 2019 8:59 am
Forum: Personal Investments
Topic: Vanguard has almost no funds with $1k minimums??
Replies: 24
Views: 1827

Re: Vanguard has almost no funds with $1k minimums??

I'm in the exact same boat - my son is putting in $1500 this year into a TDF then next year another $1500 and hopefully be able to exchange it all into VTSAX.
by g2morrow
Thu Sep 19, 2019 6:59 am
Forum: Personal Finance (Not Investing)
Topic: Long Term FAFSA/College Strategy
Replies: 150
Views: 9523

Re: Long Term FAFSA/College Strategy

Grt2bOutdoors wrote:
Wed Sep 18, 2019 7:13 pm
Start funding a 529 plan, now. You aren't getting any financial aid other than loans.
+1 this is all you need to know
by g2morrow
Wed Sep 18, 2019 12:06 pm
Forum: Personal Investments
Topic: Roth and Roth401k limits?
Replies: 10
Views: 976

Re: Roth and Roth401k limits?

If I contribute the max 25k (over 50) to a Roth401k can i still contribute 7k to a 'traditional' Roth account? (assuming under the income limits of course) Yes you may. In fact if you plan has an after tax feature and supports in place conversion you can go beyond that in a ROTH space. thanks, now ...
by g2morrow
Tue Sep 17, 2019 7:25 am
Forum: Personal Investments
Topic: Roth and Roth401k limits?
Replies: 10
Views: 976

Re: Roth and Roth401k limits?

There are indeed limits on deductibility of traditional IRA contributions if a retirement plan (e.g., 401k) is available at work): https://www.irs.gov/retirement-plans/2019-ira-deduction-limits-effect-of-modified-agi-on-deduction-if-you-are-covered-by-a-retirement-plan-at-work. This means many peop...
by g2morrow
Tue Sep 17, 2019 7:23 am
Forum: Personal Investments
Topic: Roth and Roth401k limits?
Replies: 10
Views: 976

Re: Roth and Roth401k limits?

From my understanding, if you have a 401k available at work, you're not eligible to take deductions to contributions made to a traditional IRA Why not? One can contribute the max to pre tax 401k and also Traditional IRA and defer taxes on all of it. Thx, I see that now but I'm over the MAGI If I co...
by g2morrow
Tue Sep 17, 2019 7:05 am
Forum: Personal Investments
Topic: Roth and Roth401k limits?
Replies: 10
Views: 976

Roth and Roth401k limits?

From my understanding, if you have a 401k available at work, you're not eligible to take deductions to contributions made to a traditional IRA but you're still allowed to contribute to a traditional IRA?? IF not, is there any type of restriction with a Roth401k and a 'traditional' Roth account??? If...
by g2morrow
Fri Sep 06, 2019 7:21 am
Forum: Personal Consumer Issues
Topic: Best value replacement canned espresso (yes, canned)
Replies: 3
Views: 339

Re: Best value replacement canned espresso (yes, canned)

Medaglia D'Oro Espresso Instant Coffee, 2 Oz costs about $2.40 at Walmart
by g2morrow
Wed Aug 21, 2019 10:21 am
Forum: Personal Finance (Not Investing)
Topic: White collars- How much is your work downtime?
Replies: 203
Views: 18818

Re: White collars- How much is your work downtime?

Network Engineer - about 50%.
by g2morrow
Fri Aug 09, 2019 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: What is the best way to pass on wealth to heirs?
Replies: 30
Views: 3345

Re: What is the best way to pass on wealth to heirs?

I"m just gonna cut to the chase and say the best way to pass on wealth to heirs is while you're still alive. That way you can enjoy giving and give guidance if necessary.
by g2morrow
Mon Jun 24, 2019 6:15 am
Forum: Investing - Theory, News & General
Topic: RIP to value investing...
Replies: 44
Views: 6706

Is value investing dead?

And this is why i don't pick individuals stocks, or value, or growth, or sector, or cap weight, or manager - nobody can predict the future. https://www.cnbc.com/2019/06/21/is-value-investing-dead-it-might-be-and-heres-what-killed-it.html These reasons seem as good as any to explain the past. So is t...
by g2morrow
Fri Jun 21, 2019 12:21 pm
Forum: Personal Consumer Issues
Topic: what was your worst major purchase? mine is a 2019 mazda3
Replies: 182
Views: 18796

Re: what was your worst major purchase mine is a 2019 mazda3

wife wanted a hot tub - what a waste - I don't think shes been in it for a year.
by g2morrow
Fri Jun 21, 2019 9:25 am
Forum: Personal Investments
Topic: How to add Bonds to portfolio?
Replies: 10
Views: 1129

Re: How to add Bonds to portfolio?

There is no tax consequence if you adjust your 401k account to reduce equities and increase bonds. - If you want to adjust your current 401k balance to hold 30% bonds, you can sell equities and buy bonds. - Direct new 401k contributions to 70% equities and 30% bonds. - Rebalance as necessary due to...
by g2morrow
Fri Jun 14, 2019 9:06 am
Forum: Personal Investments
Topic: Just starting out: Help with AA
Replies: 13
Views: 924

Re: Just starting out: Help with AA

I suggest 100% VTSAX till you have 100k and like other said - work on maximizing your contributions.
by g2morrow
Thu Jun 13, 2019 9:59 am
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 1134
Views: 117434

Re: Why are your NOT buying rental properties?

bloom2708 wrote:
Wed Jan 16, 2019 2:34 pm
I am not because I don't want a second job.
...
Your numbers are very (very) optimistic and make a bunch of assumptions.
.......
+1
by g2morrow
Fri May 10, 2019 11:44 am
Forum: Personal Investments
Topic: Hedge against the decline of the Realtor profession
Replies: 48
Views: 4692

Re: Hedge against the decline of the Realtor profession

....From what I have heard and seen, it is very likely that real estate agents will face major challenges in the next 5-10 years because of falling commissions and technology.... +1 Having just recently bought a home and selling one, I have come to the conclusion that I'm not quite sure what I am p...
by g2morrow
Thu Apr 25, 2019 12:12 pm
Forum: Investing - Theory, News & General
Topic: Index fund article on Morningstar
Replies: 3
Views: 785

Re: Index fund article on Morningstar

Ferdinand2014 wrote:
Thu Apr 25, 2019 8:49 am
....You get the sense she is trying to walk a tight rope of desperately trying to find a place for active investment choices when the evidence points the other way.
+1
I notice this trend in a lot of blogs, articles and podcasts.
by g2morrow
Fri Apr 19, 2019 8:27 am
Forum: Personal Consumer Issues
Topic: Air Purifier for Bedroom?
Replies: 17
Views: 2198

Re: Air Purifier for Bedroom?

I have the Coway and my wife thinks it works well. We have it at the head of our bed, its very quiet. It has an auto feature that will wake you up in the middle of the night if it goes on high. It is less then 3 feet from our heads though. I would buy it again.
by g2morrow
Fri Mar 29, 2019 6:31 am
Forum: Personal Finance (Not Investing)
Topic: Anybody else get a huge tax increase due to SALT deduction changes?
Replies: 101
Views: 8439

Re: Anybody else get a huge tax increase due to SALT deduction changes?

JustSomeGuy155 wrote:
Thu Mar 28, 2019 10:56 pm
Eric76 wrote:
Thu Mar 28, 2019 10:31 pm
Move to Florida. :D
It's an idea, but my income could decrease more than my tax bill. I'd also have to check with all the important people in my life who don't live in Florida :P
Don't worry, they'll come visit you! :D
by g2morrow
Wed Mar 13, 2019 11:54 am
Forum: Personal Finance (Not Investing)
Topic: Should I give more money to a family member?
Replies: 107
Views: 7589

Re: Should I give more money to a family member?

I am confused. You said your father's direction was to reimburse yourself for your expenses and then split everything 1/3 between the three of you. My understanding of the role of executors is to execute the instructions left by the person who has died. I am not sure that it is your place to change...
by g2morrow
Wed Feb 06, 2019 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: Intro and Personal Finance Advice
Replies: 55
Views: 5666

Re: Intro and Personal Finance Advice

There's a lot going on here. First, congratulations. Second, go listen to Dave Ramsey. Third, once you get to the investing party of Dave Ramsey, stop and come back here. Good luck!
by g2morrow
Thu Jan 31, 2019 9:59 am
Forum: Personal Consumer Issues
Topic: Looking for type of "personalty" test, etc.??
Replies: 25
Views: 1542

Re: Looking for type of "personalty" test, etc.??

the Birkman is another one used
by g2morrow
Wed Jan 16, 2019 7:26 pm
Forum: Investing - Theory, News & General
Topic: John Bogle has died at age 89
Replies: 856
Views: 61073

Re: John Bogle is dead at 89

RIP - one of the great ones. :(
by g2morrow
Thu Jan 03, 2019 3:09 pm
Forum: Investing - Theory, News & General
Topic: Absurd Adviser Fees!
Replies: 16
Views: 2983

Re: Absurd Adviser Fees!

How fair is it when nearly HALF of a client's 4% withdrawal rate for retirement goes to pay the adviser and the funds they invest in? RIAs are supposed to be fiduciaries and consider all costs. Apparently, that doesn't apply to this adviser's own fee. Edelman Financial Engines This company charges ...