Search found 61 matches

by bluegill
Thu Jan 21, 2021 9:53 am
Forum: Personal Finance (Not Investing)
Topic: Questions on funding a revocable Trust
Replies: 19
Views: 1015

Re: Questions on funding a revocable Trust

I recently have been working on my trust. I bank at a credit union in Alabama. Credit union will NOT make checking and savings accounts in the name of the trust. The work-around is POD to trust. And I can't designate them without SSNs <--- I don't believe a beneficiary must have a SSN. Apparently y...
by bluegill
Thu Jan 21, 2021 8:43 am
Forum: Personal Finance (Not Investing)
Topic: Life Insurance as a Tool For Estate Planning
Replies: 46
Views: 2232

Re: Life Insurance as a Tool For Estate Planning

You need to read about Irrevocable Life Insurance Trust (ILIT).
by bluegill
Thu Jan 21, 2021 8:36 am
Forum: Personal Finance (Not Investing)
Topic: Buying a House - Should I Open a Trust First?
Replies: 28
Views: 2373

Re: Buying a House - Should I Open a Trust First?

Is it too difficult or impossible to transfer the house into a trust after settlement? It's very easy. I had to pay a _?__ tax when I transferred it, the same as if I bought/sold it to someone else. Does having a house in a trust also create issues with refinancing? NO
by bluegill
Thu Jan 21, 2021 8:29 am
Forum: Personal Finance (Not Investing)
Topic: Questions on funding a revocable Trust
Replies: 19
Views: 1015

Re: Questions on funding a revocable Trust

I do have bank accounts in several banks , trad IRA, HSA. No Roth IRA. Questions: - Lawyer says, just call the bank and follow instructions to change individual account to Trust . Is it that simple for bank accounts? - My beneficiaries are not in US. So they don't have SSNs. And I can't designate t...
by bluegill
Tue Jan 19, 2021 5:41 pm
Forum: Investing - Theory, News & General
Topic: Do you believe in the Efficient Market Hypothesis?
Replies: 118
Views: 5588

Re: Do you believe in the Efficient Market Hypothesis?

EMH From the perspective of information available, I believe you should consider company investment oriented information very skeptically. For instance, when Barron talks about how wonderful Tesla is, maybe Barron is pumping and dumping. Enron and Bernie Madoff's information was very encouraging but...
by bluegill
Tue Jan 19, 2021 4:37 am
Forum: Personal Finance (Not Investing)
Topic: income tax & trust income
Replies: 9
Views: 591

income tax & trust income

Suppose I am a beneficiary of a trust which provides me $4,000 per month. How is that taxed ? Is the trust taxes as giving a gift ? Would I be pay income tax the same as ordinary personal income ? Would $15,000 be deducted as as a annual gift tax exclusion ?
by bluegill
Sun Jan 17, 2021 10:22 pm
Forum: Personal Investments
Topic: Stupid question about starting an investment account
Replies: 24
Views: 1600

Re: Stupid question about starting an investment account

Stupid is the person who does not ask.
by bluegill
Sun Jan 17, 2021 10:20 pm
Forum: Personal Investments
Topic: SAFE $150K investment
Replies: 10
Views: 1565

Re: SAFE $150K investment

"Roughly in order of safety: * FDIC insured accounts (HYSA, CD's, etc) * Treasuries(to include I/EE bonds, tips, etc) * Money Market funds(MMF) (SIPC insured) * MYGA's (SPIC insured) * Bank Accounts not FDIC insured, i.e. you went over the FDIC limits. * Stable Value Funds (SVF) (Not available ...
by bluegill
Sun Jan 17, 2021 8:48 pm
Forum: Investing - Theory, News & General
Topic: International stocks: If not now, then when?
Replies: 90
Views: 9480

Re: International stocks: If not now, then when?

I am over-weight Intl. I'm with you. "Reversion to the mean" US is high risk. Intl is low risk.
by bluegill
Sun Jan 17, 2021 11:39 am
Forum: Personal Investments
Topic: SAFE $150K investment
Replies: 10
Views: 1565

SAFE $150K investment

A family member asks where to put $150K windfall in a SAFE investment. Textbook answer probably would be "buy bonds", but when interest rates start going up, the bond prices go down, so maybe I should look for better alternatives. What would you recommend ???
by bluegill
Wed Jan 13, 2021 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: Got a job offer for $840k/yr. Should I come out of retirement?
Replies: 211
Views: 22639

Re: Got a job offer for $840k/yr. Should I come out of retirement?

Going from $6M to $7M is not going to have much impact on your life. Your healthy habits will probably suffer if you go back to work, so don't go back to work.
by bluegill
Wed Jan 13, 2021 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: CARES Act RMD, return RMD, Vanguard 1099-R statement
Replies: 1
Views: 141

CARES Act RMD, return RMD, Vanguard 1099-R statement

Topic: CARES Act RMD, return RMD, Vanguard 1099-R statement The CARES Act removed requirement to take RMD. CARES Act passed around April 2020. I took RMD in January 2020 from Vanguard TIRA. I returned the RMD around July 2020 to Vanguard. Vanguard produced a 1099-R showing I took RMD. How will I han...
by bluegill
Tue Jan 05, 2021 6:15 pm
Forum: Personal Finance (Not Investing)
Topic: automatic monthly mortgage thru Vanguard
Replies: 1
Views: 209

automatic monthly mortgage thru Vanguard

Is there a way to make automatic mortgage payments thru Vanguard accounts ??

After researching this, I see it must be deposited in a bank or credit union which have routing number & account number.
by bluegill
Fri Dec 25, 2020 9:51 am
Forum: Personal Consumer Issues
Topic: Where do you store gold?
Replies: 118
Views: 7950

Re: Where do you store gold?

UpperNwGuy wrote: Tue Dec 22, 2020 7:24 pm I would sell the gold ASAP and store the proceeds from the sale in a total stock market index fund.
excellent course of action
by bluegill
Fri Dec 25, 2020 9:39 am
Forum: Personal Finance (Not Investing)
Topic: Calculating Social Security benefits
Replies: 15
Views: 1201

Re: Calculating Social Security benefits

an excellent SS calculator is MaximizeMySS. Cost around $25. I have 100% confidence in that software.
by bluegill
Sun Dec 20, 2020 11:15 am
Forum: Investing - Theory, News & General
Topic: Considering Investing in Value Only - Thoughts
Replies: 114
Views: 6977

Re: Considering Investing in Value Only - Thoughts

I think like you. A roundabout way to value orientation is to invest in EAFE/International. EAFE?international is relatively value oriented compared to US stock market. I am a little over weight International.
by bluegill
Sun Dec 20, 2020 11:00 am
Forum: Personal Investments
Topic: Hit our Number - Change Allocation?
Replies: 61
Views: 5068

Re: Hit our Number - Change Allocation?

Savings are good, but what is your pension(s) income? Pension income has a very big effect on your investment strategy.
by bluegill
Sun Dec 20, 2020 10:43 am
Forum: Personal Investments
Topic: Investing in reentry of Oil Well
Replies: 50
Views: 3142

Re: Investing in reentry of Oil Well

I am a geophysicist. I spent 15 years in O&G exploration. If it is so good, why would they sell it to you ? This sounds very, very suspicious. Hire a consulting geophysicist, geologist, or petroleum engineer to evaluate this for you. You should be certain there is enough return involved to justi...
by bluegill
Sun Dec 20, 2020 10:29 am
Forum: Personal Investments
Topic: asset allocation with FERS pension
Replies: 22
Views: 1370

Re: asset allocation with FERS pension

I don't think your estimated FERS pension is correct. I am on a FERS pension.
by bluegill
Wed Dec 09, 2020 10:10 am
Forum: Investing - Theory, News & General
Topic: Silliest Investment Mistakes?
Replies: 171
Views: 13967

Re: Silliest Investment Mistakes?

Around early 1970s there was a stock market downturn called the flash crash. I thought the experts that run the mutual fund would protect me from a crash. They did not. Their answer was that they stay 100% invested all the time. Since then, I have become very skeptical of expert investors abilities....
by bluegill
Wed Dec 02, 2020 11:07 am
Forum: Personal Finance (Not Investing)
Topic: Would a MBA be beneficial to me?
Replies: 39
Views: 2503

Re: Would a MBA be beneficial to me?

Rather than MBA, consider Finance, Contract Management, etc
by bluegill
Wed Dec 02, 2020 8:34 am
Forum: Personal Finance (Not Investing)
Topic: Would a MBA be beneficial to me?
Replies: 39
Views: 2503

Re: Would a MBA be beneficial to me?

YES. You will learn things that you can use. MBA will prepare you for you next job. It's a additional qualification that makes you stand out. Having an MBA shows you have initiative. There are many NA sayers here. Their logic is doing nothing is better than getting an MBA; this defy logic. I have se...
by bluegill
Mon Nov 02, 2020 8:52 am
Forum: Personal Investments
Topic: What’s “your number” for each kid’s 529?
Replies: 439
Views: 27557

Re: What’s “your number” for each kid’s 529?

529s can pay for k-12, trade schools, not just college. I would not pay for someone to major in a degree that does not provide a living wage. In Alabama there used to be the PrePaid college cost (PACT). My daughter's semester college bill would be around $5 per semester. Me and many others went to c...
by bluegill
Mon Nov 02, 2020 8:45 am
Forum: Personal Investments
Topic: Hit 2M, at 38, should I retire?
Replies: 106
Views: 15956

Re: Hit 2M, at 38, should I retire?

Retire at 38. I'm 73 YO and I still work doing the type work I enjoy. My earned income is very low. I don't think you can tolerate not working at something. A wife and kids could spend down your savings.
by bluegill
Thu Oct 29, 2020 4:49 am
Forum: Personal Finance (Not Investing)
Topic: Should we purchase LTC insurance at age 40?
Replies: 56
Views: 4290

Re: Should we purchase LTC insurance at age 40?

There are 2 points where LTCI is not practicable. A poor person should not buy LTCI. A rich person does not need LTCI.
poor person Clarify: A person who's life style is strongly affected by paying the LTCI premiums should not buy LTCI.
by bluegill
Tue Oct 27, 2020 7:28 am
Forum: Personal Finance (Not Investing)
Topic: Should we purchase LTC insurance at age 40?
Replies: 56
Views: 4290

Re: Should we purchase LTC insurance at age 40?

I'd wait. Lot's of thing can happen before you need LTC. [Political comment removed by admin LadyGeek] I admire that you bought Disability Income (DI) insurance. DI is more important, needed than Life insurance, but most people don't have DI insurance. LTC is the same price irregardless of gender, b...
by bluegill
Tue Oct 27, 2020 7:21 am
Forum: Personal Finance (Not Investing)
Topic: GEICO Umbrella: Significant Increase in Premium
Replies: 84
Views: 9443

Re: GEICO Umbrella: Significant Increase in Premium

2019 $245 Geico
2020 $245 Geico
by bluegill
Sat Oct 24, 2020 3:08 am
Forum: Investing - Theory, News & General
Topic: Why not Real Estate instead of Stocks?
Replies: 189
Views: 14170

Re: Why not Real Estate instead of Stocks?

My real estate investments return is very low, well, maybe around 0%. Also, I cannot eat appreciation. Why is that? High Leverage with low cash flows? I have undeveloped land. generates no income. Undeveloped land does generates property taxes. I also invest in Vanguard REIT Index Fund. It generate...
by bluegill
Sat Oct 24, 2020 2:48 am
Forum: Personal Finance (Not Investing)
Topic: Choosing a career
Replies: 112
Views: 6847

Re: Choosing a career

What ever you career field you start in, you will probably not end in. You will probably change careers during your life. I know of one field to avoid, petroleum exploration. I did that. Exploration has very big ups (high income) and downs (no income).
by bluegill
Sat Oct 24, 2020 2:36 am
Forum: Personal Finance (Not Investing)
Topic: How to transition from Spousal to Own SS benefit?
Replies: 39
Views: 3170

Re: How to transition from Spousal to Own SS benefit?

This thread is hard to read because posters don't use proper terms. SS benefit types are 1) Retirement, 2 ) Disability, 3) Dependent, and 4) Spousal and Survivor Usually when the poster says "her benefit" they mean Retirement benefit. Usually when the poster says "own benefit" th...
by bluegill
Fri Oct 23, 2020 8:44 pm
Forum: Personal Finance (Not Investing)
Topic: trust --- withdrawing all income for the year
Replies: 9
Views: 957

Re: trust --- withdrawing all income for the year

First of all, this refers to accounting income , not income for tax purposes. Also, there is no requirement that the income be actually be paid to the beneficiary during the calendar year. The requirement that all income be disbursed to the income beneficiary simply means it will all be taxed to th...
by bluegill
Fri Oct 23, 2020 3:17 pm
Forum: Investing - Theory, News & General
Topic: Why not Real Estate instead of Stocks?
Replies: 189
Views: 14170

Re: Why not Real Estate instead of Stocks?

My real estate investments return is very low, well, maybe around 0%. Also, I cannot eat appreciation.
by bluegill
Fri Oct 23, 2020 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: trust --- withdrawing all income for the year
Replies: 9
Views: 957

trust --- withdrawing all income for the year

Some trusts have a requirement of withdrawing all income for the year, but I don't know all the income till after the end of the year.
How do I comply with the requirement ???
by bluegill
Sun Sep 13, 2020 9:47 am
Forum: Personal Finance (Not Investing)
Topic: paradox -- no inheritance tax $11M, tax inherited IRA
Replies: 2
Views: 715

paradox -- no inheritance tax $11M, tax inherited IRA

No INHERITANCE TAX for an estate less than $11,000,000.
INHERITED IRA, 401K, & TSP must be liquidated within 10 years, and you must pay taxes.
Is this correct ?? This seems to be a paradox from what I thought.
by bluegill
Sun Aug 23, 2020 10:31 am
Forum: Personal Finance (Not Investing)
Topic: change my beneficiary to Trust ???
Replies: 2
Views: 368

change my beneficiary to Trust ???

Can I change my beneficiary to "name" Trust for the following accounts ??
Thrift Savings Plan account
credit union checking and savings accounts (yesterday credit union employee said I could not)
IRAs
vanguard brokerage accounts
by bluegill
Wed Aug 19, 2020 7:04 am
Forum: Personal Investments
Topic: Moving from vanguard, what to do with funds?
Replies: 27
Views: 1997

Re: Moving from vanguard, what to do with funds?

"Since I can’t buy VG funds at any other brokerage without a fee, should I just transfer the Admiral funds in kind and then invest in Schwab or Fidelity’s index funds?" TRANSFER FUNDS IN KIND invest in Schwab or Fidelity’s index funds? NO, WHAT's WRONG WITH YOUR VANGUARD FUNDS; PROBABLY NO...
by bluegill
Sun Aug 16, 2020 11:41 am
Forum: Personal Finance (Not Investing)
Topic: ABA "Reference Guides to Wealth Management and Trusts"
Replies: 0
Views: 458

ABA "Reference Guides to Wealth Management and Trusts"

How can I buy a used ABA "Reference Guides to Wealth Management and Trusts" ? ABA (American Bankers Association) sells them for $775 . I would be happy with a USED "Reference Guides to Wealth Management and Trusts" for less money. I would like to get this book so I can become a C...
by bluegill
Thu Jul 30, 2020 5:18 pm
Forum: Personal Consumer Issues
Topic: Epson WF-4720 FIRMWARE UPDATE [kills non-Epson ink cartridges]
Replies: 2
Views: 322

Epson WF-4720 FIRMWARE UPDATE [kills non-Epson ink cartridges]

I just did a firmware update for my Epson WF-4720 printer.
Now it quit printing, does not recognize my generic ink cartridges, and writes to buy all new Epson ink cartridges.
There shouldbe a law against doing that.
by bluegill
Sat Jul 04, 2020 11:07 am
Forum: Investing - Theory, News & General
Topic: Will ex-US ever revert to good performance? Or is it just a high-risk, low-reward investment?
Replies: 358
Views: 19955

Re: Will ex-US ever revert to good performance? Or is it just a high-risk, low-reward investment?

The US stock market PE is above historical average. The EAFE is PE is below historical average. If we assume Reversion to the Mean, you will lose money by investing in USA and make money by investing in EAFE. I am over-weight in EAFE. From another perspective, investing in USA is, in my opinion, a h...
by bluegill
Fri Jul 03, 2020 6:51 am
Forum: Personal Finance (Not Investing)
Topic: Question - Reloc to TX
Replies: 105
Views: 8238

Re: Question - Reloc to TX

I have lived in TX; Houston, San Antonio, Midland. If I was moving to TX, I would live in Austin or San Antonio. I would avoid Dallas. Dallas has ice storms, hot weather, and lots of traffic. I believe Austin gets preferencial treatment on State funding due to it being the capital. Austin is a young...
by bluegill
Fri Jul 03, 2020 6:32 am
Forum: Investing - Theory, News & General
Topic: Tesla becomes most valuable car company in the world
Replies: 366
Views: 33765

Re: Tesla becomes most valuable car company in the world

Ron Barron of Baron Funds spend a lot of time and effort promoting Tesla. I suspect "Pump and Dump" when I hear Ron Barron talk.
by bluegill
Fri Jul 03, 2020 6:11 am
Forum: Investing - Theory, News & General
Topic: Thinking Fast and Slow
Replies: 145
Views: 16168

Re: Thinking Fast and Slow

I read about 10 pages. It is an extremely boring book. Maybe the author should have condensed this book to about 40 pages.
by bluegill
Thu Jul 02, 2020 10:34 pm
Forum: Investing - Theory, News & General
Topic: Are weightings of funds in Target Date funds based on MPT ??
Replies: 2
Views: 320

Are weightings of funds in Target Date funds based on MPT ??

3 - fund portfolio; Total (US) stock Market Index, International Stock Market Index, and Total Bond Market Index Are the weightings of the Vanguard oriented 3-fund portfolios and Target Date funds based on MPT ?? I think not. I think MPT qualitatively influenced weights but they not solidly based on...
by bluegill
Wed May 27, 2020 7:19 pm
Forum: Personal Investments
Topic: Tax loss amount
Replies: 11
Views: 516

Re: Tax loss amount

You have a gain of zero. All capital gains and losses first offset each other. Then if you had more capital losses than capital gains, up to $3000 can be used to reduce your AGI further. Example: Capital Gains: $9000 Capital Losses: $14,000 Wages: $50,000 Line 6 on the 1040 will be -$3000 AGI: $47,...
by bluegill
Wed May 27, 2020 6:54 pm
Forum: Personal Investments
Topic: Tax loss amount
Replies: 11
Views: 516

Tax loss amount

If I have a gain of $9000 and a $9000 loss in the same year, on my tax return, do I have a do I have a $6000 gain or a $0 gain. There is a $3000 maximum loss factor which I don't understand.
by bluegill
Sat May 23, 2020 7:14 am
Forum: Personal Investments
Topic: Why international?
Replies: 636
Views: 45069

Re: Why international?

Historically, International has a relatively low PE now (underpriced). Historically, Domestic has a relatively high PE now (overpiced). Counting of "return to the mean", buying 100% domestic is more of a gamble than a mix of domestic & international. Buy low (international), sell high ...
by bluegill
Wed Apr 01, 2020 1:29 am
Forum: Personal Investments
Topic: Switch from VTIAX to --?__ for tax loss harvest
Replies: 8
Views: 698

Re: Switch from VTIAX to --?__ for tax loss harvest

Duckie wrote: Tue Mar 31, 2020 6:33 pm
bluegill wrote:I want to tax loss harvesting. What is a fund that is very similar to Vanguard Total International Stock Market Index Fund (VTIAX) ??
Does it have to be a fund? Could it be an ETF?
  • VEU -- ETF of VFWAX
    IXUS -- equivalent to VXUS (VTIAX)
An ETF is a fund. ETF = Exchange Traded Fund
by bluegill
Tue Mar 31, 2020 4:23 pm
Forum: Personal Investments
Topic: Switch from VTIAX to --?__ for tax loss harvest
Replies: 8
Views: 698

Switch from VTIAX to --?__ for tax loss harvest

I want to tax loss harvesting. What is a fund that is very similar to Vanguard Total International Stock Market Index Fund (VTIAX) ??