Search found 34 matches

by wwtraveler
Sun Jan 10, 2021 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: Prop 19 CA Inheritance Property Implications
Replies: 197
Views: 11838

Re: Prop 19 CA Inheritance Property Implications

How does Prop 19 affect real estate held in Trusts if at all? In theory the trust is the "owner" of the real estate and there is not a change in "ownership" when a beneficiary or trustor passes. And does Prop 19 apply to commercial real estate as well? I can see all sorts of iss...
by wwtraveler
Tue Jan 05, 2021 5:28 pm
Forum: Personal Finance (Not Investing)
Topic: Estate planning for 50y/o man, single, no kids...
Replies: 19
Views: 1561

Re: Estate planning for 50y/o man, single, no kids...

A living trust is convenient once you get comfortable titling things in and out of it. All the titling work is on you anyhow, the estate planning attorney will give you instructions, it's simple. With the living trust in place the will as I understand it is a pour over because it's effectively using...
by wwtraveler
Tue Jan 05, 2021 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: Home Owners Insurance Story: You need to know
Replies: 16
Views: 2742

Re: Home Owners Insurance Story: You need to know

Great job investigating and sleuthing through it! It feels scammy but bad information is bad information. The handling of this not in your situations but others is just too robotic and that's what's scammy to me. What would be beneficial to consumers would be to see all the critical facts about the ...
by wwtraveler
Tue Jan 05, 2021 4:43 pm
Forum: Personal Finance (Not Investing)
Topic: Prop 19 CA Inheritance Property Implications
Replies: 197
Views: 11838

Re: Prop 19 CA Inheritance Property Implications

Does anyone have a reliable source that notes how many properties have actually been passed on to family and kept as either primary homes or as rentals? I ask this, because I suspect the number is probably very low. However, it sounds the the great answer to solve CA needs for more property taxes a...
by wwtraveler
Wed Nov 18, 2020 11:52 pm
Forum: Investing - Theory, News & General
Topic: Tesla added to S&P 500 index
Replies: 304
Views: 30927

Re: [Tesla added to S&P 500 index]

Funny anecdote I got closed out of my measly 2 share holding of Tesla at around $465 (bought in low 4's) with a limit price of $450. I was like what the heck just happened, what's going on? So yes, you won't be able to prove a thing but I wonder how much money was made on insider info on the announc...
by wwtraveler
Wed Nov 18, 2020 11:40 pm
Forum: Personal Finance (Not Investing)
Topic: Prop 19 CA Inheritance Property Implications
Replies: 197
Views: 11838

Re: Prop 19 CA Inheritance Property Implications

As a few posters said, the history of Prop 13 is in the idea that a homeowner that was prudent for the long term gets burned by being prudent for the long terms. That's true and thus it's almost impossible to repeal. It would turnover a good chunk of coastal real estate for "the commoners"...
by wwtraveler
Thu Oct 29, 2020 8:53 pm
Forum: Personal Investments
Topic: TQQQ? [ProShares UltraPro QQQ]
Replies: 15
Views: 985

Re: TQQQ? [ProShares UltraPro QQQ]

Yes totally right re-reading your post! So yea better long term solutions. Assuming this is a graph of QQQ vs TQQQ?
by wwtraveler
Thu Oct 29, 2020 8:05 pm
Forum: Personal Investments
Topic: Transferring Vanguard Roth to Fidelity - Admiral shares question
Replies: 16
Views: 1738

Re: Transferring Vanguard Roth to Fidelity - Admiral shares question

That makes sense. Unfortunately the transfer is already in progress. So am at this point wondering if I should wait and see or try to cancel and fix it. Trust me, if it goes through fine then Fidelity will have NO problem if you want to exchange your Vanguard product once there! If it doesn't go th...
by wwtraveler
Thu Oct 29, 2020 7:54 pm
Forum: Personal Investments
Topic: TQQQ? [ProShares UltraPro QQQ]
Replies: 15
Views: 985

Re: TQQQ? [ProShares UltraPro QQQ]

QQQ (unleveraged) is a highly volatile asset. If you use a leveraged ETF, you'll suffer from considerable volatility decay. Think it doesn't matter? If you had invested 10k in January of 2011, volatility decay would amount to about a quarter million dollars in lost returns. That would matter to me....
by wwtraveler
Thu Oct 29, 2020 7:46 pm
Forum: Personal Investments
Topic: 457 - Leave it or convert it to IRA?
Replies: 14
Views: 736

Re: 457 - Leave it or convert it to IRA?

What you are saying is actually what I'm saying. The only employers that have this type of account use the exact same plan and use this custodian, you can rollover account1 to account2 all day long but it doesn't do you any good because an active account can't be used for the penalty free withdrawal...
by wwtraveler
Thu Oct 29, 2020 7:14 pm
Forum: Personal Investments
Topic: 457 - Leave it or convert it to IRA?
Replies: 14
Views: 736

Re: 457 - Leave it or convert it to IRA?

The roth ladder with occasional conversions could make sense for sure! Thanks. Hadn't considered using a ladder strategy but that would certainly work! I think that's actually the complex answer I was looking for: Occasionally do a partial rollover 457 -> IRA for amounts you know you won't need for ...
by wwtraveler
Thu Oct 29, 2020 6:50 pm
Forum: Personal Investments
Topic: TQQQ? [ProShares UltraPro QQQ]
Replies: 15
Views: 985

Re: TQQQ? [ProShares UltraPro QQQ]

As others have said not intended for long term use ...but of course if you did since inception it would have returned 54X for what it’s worth. Consider it a complex short term trading vehicle AND if you dare a little risk capital for potential outsized returns longer term. (Expect to lose it or most...
by wwtraveler
Thu Oct 29, 2020 6:39 pm
Forum: Personal Investments
Topic: Transferring Vanguard Roth to Fidelity - Admiral shares question
Replies: 16
Views: 1738

Re: Transferring Vanguard Roth to Fidelity - Admiral shares question

As other poster said liquidate to cash move and then buy from new funds is one strategy. There’s no consequence or cost save any timing issues like liquidating on a down day and buying on an up day. That’s significant right now. Another method that has less timing consequences is liquidate and buy a...
by wwtraveler
Thu Oct 29, 2020 6:27 pm
Forum: Personal Investments
Topic: 457 - Leave it or convert it to IRA?
Replies: 14
Views: 736

Re: 457 - Leave it or convert it to IRA?

Good context questions! Thanks for the replies. The amount is significant and the time to ira age is >25 years. Significant being yes enough in a medium term to retire 10+ years early from ira age. Hence the withdrawal feature being so important. The first replier is totally right it’s essential is ...
by wwtraveler
Thu Oct 29, 2020 5:39 pm
Forum: Personal Investments
Topic: 457 - Leave it or convert it to IRA?
Replies: 14
Views: 736

457 - Leave it or convert it to IRA?

I've tried searching some threads but didn't see anything about this type of situation. This is an old 457 which falls under the rules where money can be withdrawn penalty free after employment. (That's now). So why am I considering converting it to an IRA? It's all about expenses of the funds and t...
by wwtraveler
Tue Sep 15, 2020 11:54 am
Forum: Personal Finance (Not Investing)
Topic: Umbrella Insurance - Worst Case
Replies: 142
Views: 10072

Re: Umbrella Insurance - Worst Case

Wow this thread took some interesting turns down various rabbit holes! Check out this article that talks about some of the ERISA vs. non ERISA retirement account implications. As the article alludes to, there's some sway and laws today can change but it's often more overwhelming to change laws then ...
by wwtraveler
Tue Sep 15, 2020 11:33 am
Forum: Personal Investments
Topic: FNILX (Fidelity ZERO Large Cap Index Fund) vs FXAIX (Fidelity 500 Index Fund)?
Replies: 15
Views: 13403

Re: FNILX (Fidelity ZERO Large Cap Index Fund) vs FXAIX (Fidelity 500 Index Fund)?

One additional difference is number of dividend payments per year. That's not to say the total dividend yield is different (although I think it is a smidge) but if you want the 4 quarterly payments then FXAIX is your choice. FNILX so far has only paid dividends one time a year in December which I as...
by wwtraveler
Tue Aug 25, 2020 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella Insurance - Worst Case
Replies: 142
Views: 10072

Re: Umbrella Insurance - Worst Case

80-90% of individual umbrella claims are for motor vehicle accidents. There is a subset of bogleheads, which is incredibly risk averse. For a non-driver, an excess verdict above the $300k on your homeowner's policy might be near lightning strike territory. I also read somewhere that "most"...
by wwtraveler
Mon Aug 24, 2020 2:41 pm
Forum: Personal Finance (Not Investing)
Topic: Want to write a will, having trouble finding an attorney
Replies: 45
Views: 2959

Re: Want to write a will, having trouble finding an attorney

The type of attorney you are looking for is someone that does ESTATE PLANNING. That's the "type" so to speak. That's a very large sub industry if you will. You should have no issue finding people in your area. Mid 6 figures net worth I would not leave up to a will or legal service like leg...
by wwtraveler
Mon Aug 24, 2020 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: At what point do you start hiring advisors?
Replies: 28
Views: 2923

Re: At what point do you start hiring advisors?

Attorney: Will, Advanced Directives, Trusts, or some specialty - business or occupation specific or tax specific where a CPA recommends using an attorney. CPA: More than just a simple business, or if you don't like accounting part of running a business. For Personal taxes - if you have significant n...
by wwtraveler
Mon Aug 24, 2020 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella Insurance - Worst Case
Replies: 142
Views: 10072

Re: Umbrella Insurance - Worst Case

IMO: Right now based on scenario presented, you probably don't need it urgently right now, but the cost could be so low ($150-300/yr for a $1-2m policy) that it's so cheap that it's worth getting. The fact you are asking this question to me means you are interested in protecting for the unforeseen. ...
by wwtraveler
Fri Aug 21, 2020 6:45 pm
Forum: Investing - Theory, News & General
Topic: Tesla added to S&P 500 index
Replies: 304
Views: 30927

Re: What to do with significant index changes, e.g., S&P 500 adding Tesla

Looks like $372B in change Market Cap as of close today on revenues (12/31 to 6/30) of $12B and change and EBITDA of $1.7B and change for the year. Let's assume sales/profit are flat (they won't be) from what they are to date so $24B in Rev / 3.5B in EBITDA annualized. Bump 10% and you get 26.5B / s...
by wwtraveler
Sun Aug 16, 2020 9:23 pm
Forum: Personal Finance (Not Investing)
Topic: Rent or Buy in the SF Bay Area
Replies: 22
Views: 2240

Re: Rent or Buy in the SF Bay Area

My experience in the SF area is: I've done lots of business in the city and up and down Silicon Valley and up back around from Oakland to Napa. I also have a number of colleagues and friends that live there as well as business acquaintances from Monterey to Sacramento and up to Russian River. Here w...
by wwtraveler
Tue Aug 11, 2020 10:53 pm
Forum: Personal Consumer Issues
Topic: New hybrid SUV? Talk me into/out of it
Replies: 33
Views: 2670

Re: New hybrid SUV? Talk me into/out of it

The rated MPG in our experience isn't close to the real MPG even in the best of conditions, meaning quite a bit lower vs. stated. No nothing is wrong. Someone mentioned an RX, check out some searches on RX450h mileage and you'll see what I mean. (PS The RX is technically a crossover believe it or no...
by wwtraveler
Tue Aug 11, 2020 10:40 pm
Forum: Personal Consumer Issues
Topic: Should I caulk this area on a shower door?
Replies: 30
Views: 2570

Re: Should I caulk this area on a shower door?

Unsolicited personal plug for gorilla caulk -- it costs more (especially since not only the price is more but the tube is smaller) but I've found it WAY easier to work with than others. There's 3 types: white, clear, paintable --> all work in all locations (which is another reason to like it vs tryi...
by wwtraveler
Tue Aug 11, 2020 9:22 pm
Forum: Personal Investments
Topic: Asset Protection of Retirement Accounts - How to withdraw?
Replies: 20
Views: 1455

Re: Asset Protection of Retirement Accounts - How to withdraw?

Umbrella insurance like everyone said. That would be the most common protection to use which requires little fuss. Theoretical ideas which I don't know would work but just ideas (these are kinda crazy and or maybe even stupid) 1) Irrevocable trust - No idea how that would work for cash. You'd need t...
by wwtraveler
Tue Aug 11, 2020 8:36 pm
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion Planning for Inheritance (not the usual!)
Replies: 16
Views: 1095

Re: Roth Conversion Planning for Inheritance (not the usual!)

I am not sure how a DPOA would work in this circumstance. The power holder would be obligated to act on behalf of the person, not their heirs. If the person was clear that they did not want to pay any taxes beyond those needed then the power holder should respect that. Providing of course that the ...
by wwtraveler
Tue Aug 11, 2020 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: Thinking of buying a vacation home in NC mountains and doing Airbnb. Bad idea?
Replies: 66
Views: 6990

Re: Thinking of buying a vacation home in NC mountains and doing Airbnb. Bad idea?

Be wary of SHORT TERM rentals which is generally defined as less than 30 days. This is an entirely different category or asset class if you would vs. a second home or investment home. Check local area laws and sentiment. Lots of areas are considering banning short term rentals. Many treat them as ho...
by wwtraveler
Tue Aug 11, 2020 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: Buying Rentals for retirement income. Worth it?
Replies: 61
Views: 5712

Re: Buying Rentals for retirement income. Worth it?

Just to keep this simple before you keep evaluating all the details answer this basic question: Do you like real estate? I'm less concerned with someone's present knowledge (we can all learn!) but what we can't learn (quickly or sometimes at all) is to "like" something. So in this case wha...
by wwtraveler
Tue Aug 11, 2020 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion Planning for Inheritance (not the usual!)
Replies: 16
Views: 1095

Re: Roth Conversion Planning for Inheritance (not the usual!)

...... Every once in a while we sit down as a family (small and we get along - key!) and update a letter of instruction for various inheritance scenarios. Lots of times that update is something minor like recording where something has backed up their files now vs. where it was before -- it's quite ...
by wwtraveler
Tue Aug 11, 2020 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion Planning for Inheritance (not the usual!)
Replies: 16
Views: 1095

Re: Roth Conversion Planning for Inheritance (not the usual!)

*Yes, DPOA is in place, I should have said that first* I think the scenario I presented will become more common as boomers age. I think others will have this question or variations on it too. It is not just a wealthy question -- some of these more complex scenarios are steadily trickling down to mai...
by wwtraveler
Tue Aug 11, 2020 10:45 am
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion Planning for Inheritance (not the usual!)
Replies: 16
Views: 1095

Re: Roth Conversion Planning for Inheritance (not the usual!)

Thank you. Owner is > 59.5. Your answer confirms to keep the accounts as they are as there's no limits to conversions for this particular case. Reasoning for the conversions is that the owner has low taxable income (tax exempt income streams) and only takes RMD's as required currently but is so anti...
by wwtraveler
Tue Aug 11, 2020 12:28 am
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion Planning for Inheritance (not the usual!)
Replies: 16
Views: 1095

Roth Conversion Planning for Inheritance (not the usual!)

Every once in a while we sit down as a family (small and we get along - key!) and update a letter of instruction for various inheritance scenarios. Lots of times that update is something minor like recording where something has backed up their files now vs. where it was before -- it's quite helpful ...
by wwtraveler
Sun Apr 21, 2019 6:45 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford a $1mil home?
Replies: 64
Views: 8888

Re: Can we afford a $1mil home?

Some additional things to consider (these may or may not all apply since not all the details were posted). * You indicate you are not married yet. Do you intend to hold everything jointly going forward? Plans for a prenup? Of course no one goes in saying "let's plan for divorce" but it hap...