Bogleheads.org

Bobby206

I'd take the 15. Force yourself to pay it off sooner.

Bobby206

...He is just well off and enjoys sharing that with his daughters and their families Sometimes fathers are concerned/jealous about losing their position about being "first" with their daughters and will do anything to maintain their position. and sometimes they are just generous. The glass is half ...

Bobby206

.... Do not talk about the money with anyone. If you do, people will look at you as a money tree ready to be picked. Don’t lend money. Don’t play the big shot. You want to be liked for yourself not your money. .... THIS ! You will want to but do not! Just keep your mouth shut and smile when the top...

Bobby206

Hello! I'm so very excited to have finally found a forum on investing! I am in my upper 30's and am coordinating my parents estate. The estate value is in the mid-seven figures and is 85% liquid. The unique situation is that 66% of the total estate has just been given to my parents for the sale of ...

Bobby206

This will be counter to most of the experts here I am sure but I would hire a financial planner (fee only or whatever) to actually monitor your money. I say this because young people and people not used to wealth are more apt to invest aggressively and spend recklessly. The best thing you can do is ...

Bobby206

Not sure of all the questions but get a pre nup. It's extremely common with marriages later in life. Should be easy and without much push back... but it will be hard to ask her. Do it though! Also don't co-mingle assets. As to the pre-nup don't shop on price. Find an attorney who is highly experienc...

Bobby206

My friend's 911 was recently in mild rear-ender. I didn't get all the details but basically if not taken to a Porsche authorized body shop it would run afoul of some Porsche warranty stuff. As OP made it sound like higher end car just thought I would mention this as I hadn't heard of this type of re...

Bobby206

Get to the mailbox first and throw out all those catalogs of "junk" that you don't need. Make sure all e-mails to your spouse's and your e-mail accounts block all the e-mails from such vendors, too. Who knew that you needed a set of artistic drink glasses? Or more Christmas decorations? Or a new ou...

Bobby206

My agent is a Redfin agent and they don’t ask you to sign any agreement. Even then I informed my agent about the house and offer but the seller’s agent wants to just communicate with me. And yes this seller’s agent appears a bit shady. This house is in the market for the past 6 months and now they ...

Bobby206

Yes but keep an eye on the spending. Don't let lifestyle creep happen because it's easy to do.

Bobby206

I know it's old and played out to some but VEGAS never disappoints for guy's trips. Las Vegas Knight's hockey is the best live sporting event I have ever been to. Or in summer they have NBA summer league which is fun. If you go spring-summer-fall (basically any time but dead of winter) you have the ...

Bobby206

I would probably do like my parents always said to do with a big purchase. I'd sit on the idea for a year and see if I still thought it was a good idea. You can always give it, and more, away to charity when you die so update your will or better yet IRA beneficiary now. However, if you make a mistak...

Bobby206

I don't include the tax consequences in my net worth calculations since it's really just so I feel good.

However, in my retirement income forecast I do factor in anticipated tax.

Bobby206

A continuing trust provides protections, when set up right, that can not be had in any other way. Continuing trust 100% except for small trusts (defined differently by different people). I would always want my kids to have creditor and divorce protection. The hassle is minimal, to non-existent, if t...

Bobby206

$30k ish. Consider selling virtually everything. Move as little as possible yourself. Buy new stuff that you actually need in the new home. This is no joke. I have moved several times and its alot easier to just sell all your stuff , get the most you can and take the difference of the cost of the m...

Bobby206

I think it's polite to tell your advisor. They are human after all. Just drop them an email if you don't want to deal with phone call.

Bobby206

Important to distinguish between executor and trustee. Someone above mentions the statutory executory fee. That applies in a probate situation and is generally inapplicable to a trustee. In my experience 1/2 to 1% of the gross assets per year is common in a trustee situation. Another way of looking ...

Bobby206

I'd go for it. First of all not all decisions in life should be monetary based. Sure you should weigh the expected differences but it's just one factor. Second, who knows what the future holds. Your current job may get better or get worse. Being a doc may be great and may suck. We don't know. Third,...

Bobby206

I would argue the counter that they should keep everything at Ed Jones. The accounts are so small that the 1.25% is nothing in real dollars and she likes the advice and comfort her advisor gives her. Not everybody is a DIYer. Some people like having their own advisor to reach out to. We on BH tend ...

Bobby206

A lot of this discussion sounds very sad to me. Imagine the heads exploding when after all these sacrifices, you end up no better off than if you had occasionaly stopped to smell the roses. So many threads here about the super savers who cannot bear to spend money in retirement. Not what I ever wan...

Bobby206

I would argue the counter that they should keep everything at Ed Jones. The accounts are so small that the 1.25% is nothing in real dollars and she likes the advice and comfort her advisor gives her. Not everybody is a DIYer. Some people like having their own advisor to reach out to. We on BH tend t...

Bobby206

I would keep working full time. You are young and a lot can change after 36. Let life unfold.

Bobby206

Been doing it for 7 years. 11% annual return....and none of my rentals are leveraged. It could be better if I used leverage. Annual appreciation in my area is 4%....But I have had flyers...bought a $89K condo that’s worth $135K...in 2 years. YMMV depending on geolocation. How passive has your real ...

Bobby206

stan1 wrote: ↑
Wed Dec 25, 2019 8:28 pm
....

Only USAA (top tier) members get an annual dividend. That's another way to tell.

I am a CIC member and I get the dividend. Been member for about 35 years.

Going to check Geico because of this thread though.

Bobby206

Been doing it for 7 years. 11% annual return....and none of my rentals are leveraged. It could be better if I used leverage. Annual appreciation in my area is 4%....But I have had flyers...bought a $89K condo that’s worth $135K...in 2 years. YMMV depending on geolocation. How passive has your real ...

Bobby206

As someone above posts a bit of a fantasy perhaps. Probably will stay in the US but maybe leave California for Hawaii, Nevada, Texas or Tennessee. Ready for a change of pace after a life here. At least those are all places we have considered. On the other hand, [OT comment removed -- mod oldcomputer...

Bobby206

I’ve been to a bunch of Christmas parties recently where people are discussing their incredible stock market gains with statements like, “I won’t be able to spend all my money in my lifetime’, ‘I’m $1.5 million richer’. .... How many times has this actually happened to you? It seems pretty odd to h...

Bobby206

I hope someone can tell me if I am correct or confused. My father passed away and had a condo, this is to be split evenly between myself and my sister. The estate is being handled by a fiduciary who thinks the below result is typical. The value of the condo is $1.1M. My sister wants to keep the con...

Bobby206

I feel like there might be an old adage about doing business with friends... i.e. DON'T DO IT! Too late now of course. As someone above said split the difference. That's fair for all I would say.

Bobby206

I would do Spain or Costa Rica. Even San Jose CR is pretty safe as far as big cities go.

Bobby206

I suspect the IRS would have no problem characterizing money that was "given" to a grandchild but deposited into the child's parent's account actually a gift to the child's parent (ie, don't count on them being sentimental). I wouldn't even use a joint account, since that implies the child and pare...

Bobby206

Sounds like she is living beyond her means and also perhaps a little bit of a risk taker (i.e. canibis stock). I would tell her not to give $15k to her kids because she can not afford it. She is not a wealthy woman as she seems to think she is.

Bobby206

I'd return the car and get something much cheaper because if he can't qualify then he can't afford it. Sucks for your son but it's just one of those things that happen in real life.

Bobby206

I have only been subscribing for about 40 years now. To answer your questions: What categories in the magazine do you find particularly useful? There is rarely something I don't find useful. Does the magazine have a vested interest in any particular category which may sway their opinion? I don't thi...

Bobby206

An "estate sale" is just a fancy garage sale or yard sale. #facts

Bobby206

I'd wait. You are young. Leave yourself more flexible to move. Also, you don't want to be house poor and you would be for a $300k house in my opinion.

Bobby206

My wife loves to listen to music, particularly classical. She has a large collection of music CDs and cassettes. Also, all day long, she listens to our local FM classical music station on a boom box that is located in the kitchen. In general, she has a hard time letting anything go and we have a se...

Bobby206

mptfan wrote: ↑
Tue Dec 03, 2019 6:26 pm

Bobby206 wrote: ↑
Tue Dec 03, 2019 6:15 pm
I say somewhere between 0% and 100% depending on a lot of factors.
If the Dow drops to zero, your asset allocation will be the least of your worries.

Yup. That's for sure.

Bobby206

If so sell it, go rent for a while (or rent back from buyer if they will allow), and then you can make non-contingent offer on next house. Renting. Some big items in storage. And paying a company to help us move to the rental. Those would all be extra costs over a sale/buy with contingencies. Is it...

Bobby206

I say somewhere between 0% and 100% depending on a lot of factors.

Bobby206

I would work to clean your house out, get rid of the crap, make it streamline. Ask an experienced Realtor what work you should do or not do - i.e. paint, carpet, etc..... I would try next spring to sell it and see if any great buyers come around. If so sell it, go rent for a while (or rent back from...

Bobby206

My impression is very few people, regardless of income, pay retail at a good private school. There is almost always some excuse to reduce that cost and most of the good private schools have large endowments to help defray the cost. At the lower tier private schools I think people do pay because they...

Bobby206

Maybe your child is still too young but eastern TN is super fun for kids - Gatlinburg, Piegeon Forge, etc....

Bobby206

Enough is far less than what people have convinced themselves it is. Cheers Says you. Another person can't say what my "needs" are or how much is needed for me to feel "safe." You can only speak for yourself I should think. Says you??? You seem to have taken this personally. There was no need for t...

Bobby206

It's first come first serve except perhaps in higher level cabins. Having said that I do get tired of people that carry on a ton of bags. Just check them. It's really so much easier. Mostly unrelated I have had several recent encounters, on Southwest (first come first serve seating), where people ar...

Bobby206

Silk McCue wrote: ↑
Fri Nov 29, 2019 9:50 pm
Enough is far less than what people have convinced themselves it is.

Cheers

Says you. Another person can't say what my "needs" are or how much is needed for me to feel "safe." You can only speak for yourself I should think.

Bobby206

I would investigate the dealership to make sure they seem legit. Length of time in business, online reviews, etc....

Bobby206

I'd get a Peloton. They are awesome! 30 minutes and you get a great workout!

Bobby206

Your post is up for most confusing of the year.

In summation, the way I see it, leases are great if:
- You want a new car every 2-4 years;
- You don't want to have to sell a used car;
- You get one of the smoking lease deals (see leasehakr.com)

Bobby206

It's an implied contract. It's like walking into the barber shop, sitting down in the chair, and letting the guy your hair. You know it's not free. Yes, some attorneys do freebies on nickle and dime stuff like you describe but not all. You should most definitely pay the bill. 100%!

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