Search found 10153 matches

by letsgobobby
Fri Jun 23, 2017 1:46 am
Forum: Personal Finance (Not Investing)
Topic: Best Sect 179 vehicle for personal/business
Replies: 3
Views: 341

Re: Best Sect 179 vehicle for personal/business

I just bought a new RAM 3500 megacab. A beast. 20 mpg diesel on the freeway. Quiet and comfortable and will pull a house and all its belongings and the dog too. Seats six. Very practical. Except for parking. I love it.
by letsgobobby
Thu Jun 22, 2017 8:27 am
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation - Inherited Assets, newly Semi-Retired
Replies: 12
Views: 979

Re: Asset Allocation - Inherited Assets, newly Semi-Retired

it sounds like you have a sharp CPA. Sell the JNJ at least down to 10% or less of your portfolio.
by letsgobobby
Wed Jun 21, 2017 11:19 pm
Forum: Personal Finance (Not Investing)
Topic: Fund Parent's Trusts
Replies: 12
Views: 1008

Re: Fund Parent's Trusts

As a combined estate, they will currently exceed the federal estate tax limit of $5.45M as a combined estate by a small amount and the Illinois estate tax limit of $4M. We are also looking to avoid the $100K probate limit. Isn't the combined limit $11 million? It is the single limit which is $5.45M...
by letsgobobby
Wed Jun 21, 2017 6:40 pm
Forum: Personal Finance (Not Investing)
Topic: Windfall inheritance and new home
Replies: 20
Views: 1553

Re: Windfall inheritance and new home

You have $2.6M in savings, and a $500k house, and something in 529s. Call it $3.25M. You say the windfall doubles your net worth. That's $6.5M. Where are others getting $9M from? Yes, I think you can take $400k from the $3M+ windfall and add it to your $500k equity and buy a $900k home. No problem. ...
by letsgobobby
Wed Jun 21, 2017 10:02 am
Forum: Personal Consumer Issues
Topic: Need quick Marriott Rewards
Replies: 15
Views: 653

Re: Need quick Marriott Rewards

a friend can also transfer you MR points for free. It's almost instantaneous.
by letsgobobby
Wed Jun 21, 2017 9:38 am
Forum: Investing - Help with Personal Investments
Topic: Financial advisor question
Replies: 45
Views: 2744

Re: Financial advisor question

Although I am 5-8 years from retirement, I admit to being a relative novice. 20+ years ago, while a resident in training, I started using the services of a financial advisor because neither my husband or I wanted to spend our time keeping up with things. Now that I am likely within 5 years of going...
by letsgobobby
Wed Jun 21, 2017 8:04 am
Forum: Investing - Help with Personal Investments
Topic: Series EE US bonds of deceased
Replies: 7
Views: 484

Re: Series EE US bonds of deceased

It should be relatively easy in your case, because you have the bond. The thread in question was for electronic bonds or a search for unknown physical bonds.
by letsgobobby
Tue Jun 20, 2017 2:21 pm
Forum: Personal Consumer Issues
Topic: Help with Guns in Estate [how to sell]
Replies: 56
Views: 4196

Re: Help with Guns in Estate [how to sell]

Definitely state law dependent. I recently had to dispose of 3 firearms in Michigan. I called the police and asked them to come pick them up. Nice guy arrives, said it's a shame to get rid of these for nothing. Calls his hunting buddy who says I might get $300 for one at such and such gun shop, $200...
by letsgobobby
Tue Jun 20, 2017 2:17 pm
Forum: Investing - Help with Personal Investments
Topic: 529 and taxable combo
Replies: 5
Views: 468

Re: 529 and taxable combo

Hi all, I'm thinking of starting a 529 and also a taxable investment for my child. 529 for obvious reasons but the taxable in case child doesn't go to college. If child doesn't go for higher education then this taxable fund would be considered for my retirement. Anybody else do something similar? W...
by letsgobobby
Mon Jun 19, 2017 11:48 pm
Forum: Personal Consumer Issues
Topic: Olympic NP and Mt Rainier NP
Replies: 18
Views: 1266

Re: Olympic NP and Mt Rainier NP

Want to add that another sight to see at Paradise is the Paradise Inn itself. I believe it turns 100 this summer. It's a beautiful place to have dinner, or just lunch and a beer on the patio or in the great room. Former superintendent of the park (Floyd Schmoe) wrote a wonderful book called "A ...
by letsgobobby
Mon Jun 19, 2017 4:08 pm
Forum: Personal Consumer Issues
Topic: Olympic NP and Mt Rainier NP
Replies: 18
Views: 1266

Re: Olympic NP and Mt Rainier NP

For both locations we had a wet and snowy winter. For example, I'm sure Sunrise at MRNP is still under 8-10 feet of snow. You can drive up there, but nothing will be open and other than messing around on the snow there won't be a lot to see... well, except for that big old mountain in your face! MRN...
by letsgobobby
Mon Jun 19, 2017 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: inherited IRA in community property state requires spousal consent for non-spousal beneficiary
Replies: 32
Views: 1843

Re: inherited IRA in community property state requires spousal consent for non-spousal beneficiary

TIAA clarified that I have two options with the inherited IRA. The first is to "Stay in the Plan" which allows the account to stay in its current investment, retitles the account as Inherited IRA FBO letsgobobby, but does NOT require a spousal consent. The second is to rollover the inheri...
by letsgobobby
Mon Jun 19, 2017 11:51 am
Forum: Personal Finance (Not Investing)
Topic: inherited IRA in community property state requires spousal consent for non-spousal beneficiary
Replies: 32
Views: 1843

Re: inherited IRA in community property state requires spousal consent for non-spousal beneficiary

TIAA clarified that I have two options with the inherited IRA. The first is to "Stay in the Plan" which allows the account to stay in its current investment, retitles the account as Inherited IRA FBO letsgobobby, but does NOT require a spousal consent. The second is to rollover the inherit...
by letsgobobby
Mon Jun 19, 2017 10:52 am
Forum: Investing - Help with Personal Investments
Topic: Considering Larry portfolio for a portion of portfolio
Replies: 5
Views: 480

Considering Larry portfolio for a portion of portfolio

I am considering using a version of the Larry Portfolio for a discrete part of my portfolio. Why this portion is discrete and why I want to be conservative with it are immaterial, however it may be important to know this portfolio has absolutely no need for liquidity. I am thinking of replacing trea...
by letsgobobby
Sun Jun 18, 2017 3:18 pm
Forum: Personal Finance (Not Investing)
Topic: How best to Donate?
Replies: 20
Views: 1197

Re: How best to Donate?

OP here: I appreciate everyone's input. Very valuable. I am early into this process, so my thoughts are still forming. It appears that there will have to be compromises given various objectives. My primary goals is to make sure that my wife and I have sufficient assets so that we can live comfortab...
by letsgobobby
Sun Jun 18, 2017 9:28 am
Forum: Personal Finance (Not Investing)
Topic: TreasuryDirect - death of account holder
Replies: 20
Views: 2034

Re: TreasuryDirect - death of account holder

Chase refused to sign but my credit union did. I've sent it in and we'll see if TD accepts.
by letsgobobby
Sat Jun 17, 2017 10:18 am
Forum: Personal Finance (Not Investing)
Topic: Siblings in disagreement over mom's house.
Replies: 241
Views: 15787

Re: Siblings in disagreement over mom's house.

A side note, but still on topic, is that when you work on your will you should never just leave a house or any other large asset to 5 kids. How and when it can be sold and proceeds divided should be clearly written in the will. My parents left me in charge of all asset disposal decisions and the ne...
by letsgobobby
Sat Jun 17, 2017 10:17 am
Forum: Personal Finance (Not Investing)
Topic: Siblings in disagreement over mom's house.
Replies: 241
Views: 15787

Re: Siblings in disagreement over mom's house.

The keepers NEVER apply any effort or money to the upkeep. Almost invariably they are the ones who are cash-short and sentiment-rich. Stop supporting them with either time or money. In my experience as a psychiatrist this is very wise advise. I have seen this situation many times. Ironically it is ...
by letsgobobby
Sat Jun 17, 2017 10:13 am
Forum: Personal Finance (Not Investing)
Topic: inherited IRA in community property state requires spousal consent for non-spousal beneficiary
Replies: 32
Views: 1843

Re: inherited IRA in community property state requires spousal consent for non-spousal beneficiary

OK, this is a federal law governing 401k's. 401k's are different than IRAs. By law, the spouse will inherit at least half of the 401k regardless of what the owner states on the beneficiary form. Even if the owner states that a child should get the whole thing, the spouse is entitled to at least hal...
by letsgobobby
Sat Jun 17, 2017 8:56 am
Forum: Personal Finance (Not Investing)
Topic: inherited IRA in community property state requires spousal consent for non-spousal beneficiary
Replies: 32
Views: 1843

Re: inherited IRA in community property state requires spousal consent for non-spousal beneficiary

In some (but not all) community property states, the income from separate property is community property. Along these lines, is there any straightforward way that the RMDs from these inherited IRAs can be maintained as separate property? I'm not sure. Perhaps this is a way. Instead of the beneficia...
by letsgobobby
Sat Jun 17, 2017 1:33 am
Forum: Personal Finance (Not Investing)
Topic: inherited IRA in community property state requires spousal consent for non-spousal beneficiary
Replies: 32
Views: 1843

Re: inherited IRA in community property state requires spousal consent for non-spousal beneficiary

bsteiner wrote:In some (but not all) community property states, the income from separate property is community property.

Along these lines, is there any straightforward way that the RMDs from these inherited IRAs can be maintained as separate property?
by letsgobobby
Fri Jun 16, 2017 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: inherited IRA in community property state requires spousal consent for non-spousal beneficiary
Replies: 32
Views: 1843

Re: inherited IRA in community property state requires spousal consent for non-spousal beneficiary

The issue is not who is entitled, or who should be the default. The issue is the spouse has to provide written consent to relinquish her right to be the sole primary beneficiary, which applies in some ERISA cases but does not apply under my state law (as far as I can tell - again, IANAL) nor under f...
by letsgobobby
Fri Jun 16, 2017 8:40 am
Forum: Personal Finance (Not Investing)
Topic: inherited IRA in community property state requires spousal consent for non-spousal beneficiary
Replies: 32
Views: 1843

Re: inherited IRA in community property state requires spousal consent for non-spousal beneficiary

ResearchMed wrote:Does this refer to any amount, or only if someone wishes a spouse to be beneficiary of less than half?

(This also might vary by state.)

RM

if spouse is not the sole primary beneficiary, I have to obtain her consent.
by letsgobobby
Fri Jun 16, 2017 8:39 am
Forum: Personal Finance (Not Investing)
Topic: inherited IRA in community property state requires spousal consent for non-spousal beneficiary
Replies: 32
Views: 1843

Re: inherited IRA in community property state requires spousal consent for non-spousal beneficiary

I am very surprised that a certain IRA custodian requires that for an inherited IRA (from a non-spouse), when they are residents of a community property state, a spouse must consent for the beneficiary to be anyone other than him/her. I thought inherited assets were considered separate, even in com...
by letsgobobby
Fri Jun 16, 2017 8:29 am
Forum: Investing - Help with Personal Investments
Topic: TIAA traditional - what is it?
Replies: 16
Views: 902

Re: TIAA traditional - what is it?

that is about what I've learned so far. I can get 3% with no restrictions. Or 3.94% but on demand not receive the funds for 9 years. However that option is limited to a very small portion of the amount in question and not worth the added hassle, so I will only consider the 3% traditional. will read...
by letsgobobby
Fri Jun 16, 2017 2:10 am
Forum: Personal Finance (Not Investing)
Topic: inherited IRA in community property state requires spousal consent for non-spousal beneficiary
Replies: 32
Views: 1843

Re: inherited IRA in community property state requires spousal consent for non-spousal beneficiary

I am very surprised that a certain IRA custodian requires that for an inherited IRA (from a non-spouse), when they are residents of a community property state, a spouse must consent for the beneficiary to be anyone other than him/her. I thought inherited assets were considered separate, even in com...
by letsgobobby
Thu Jun 15, 2017 11:47 pm
Forum: Investing - Theory, News & General
Topic: Anyone else gotten totally bored with investing?
Replies: 88
Views: 7085

Re: Anyone else gotten totally bored with investing?

Back when my portfolio was 20% of its current value I was an incredibly active investor. I subscribed to Morningstar and read all the financial rags in the library and online. Was constantly checking my portfolio of 10-20 randomly assembled active funds and following the market with laser intensity...
by letsgobobby
Thu Jun 15, 2017 11:46 pm
Forum: Personal Finance (Not Investing)
Topic: inherited IRA in community property state requires spousal consent for non-spousal beneficiary
Replies: 32
Views: 1843

inherited IRA in community property state requires spousal consent for non-spousal beneficiary

I am very surprised that a certain IRA custodian requires that for an inherited IRA (from a non-spouse), when they are residents of a community property state, a spouse must consent for the beneficiary to be anyone other than him/her. I thought inherited assets were considered separate, even in comm...
by letsgobobby
Thu Jun 15, 2017 10:24 pm
Forum: Personal Consumer Issues
Topic: Best Cheap Champagne
Replies: 60
Views: 3674

Re: Best Cheap Champagne

segura viuda reserva cava - $22 - Spain
Argyle Brut sparkling - $25 - Oregon

Both are quality for a fair price. I've had different vintages of both and enjoyed - but I'm no champagne expert.
by letsgobobby
Thu Jun 15, 2017 10:10 pm
Forum: Investing - Help with Personal Investments
Topic: TIAA traditional - what is it?
Replies: 16
Views: 902

Re: TIAA traditional - what is it?

It is definitely safe. It has been around a long time and TIAA has a great reputation. Depending on the type of account, you will earn 3% to 4% during the "accumulation phase". When you hit retirement, you will then have the option to annuitize the account, which would increase the intere...
by letsgobobby
Thu Jun 15, 2017 9:37 pm
Forum: Investing - Help with Personal Investments
Topic: TIAA traditional - what is it?
Replies: 16
Views: 902

TIAA traditional - what is it?

Is the TIAA traditional a stable value fund? I have the option of investing approximately 25% of my portfolio in the TIAA traditional which is guaranteed a minimum of 3%. That is what it is currently paying. I already use a stable value fund in my 403b and 401a but it is paying under 2%. Currently 2...
by letsgobobby
Wed Jun 14, 2017 10:37 pm
Forum: Investing - Theory, News & General
Topic: Utah 529 plan changing age-based glide paths
Replies: 14
Views: 1135

Re: Utah 529 plan changing age-based glide paths

Thanks for the replies everyone. I'm a bit surprised by the responses. I had thought people would generally be conservative with their 529s, but based on the responses so far that assumption appears misguided. I suppose I let my personal situation (maybe my family has less ability to take risk than...
by letsgobobby
Wed Jun 14, 2017 6:10 pm
Forum: Investing - Theory, News & General
Topic: Utah 529 plan changing age-based glide paths
Replies: 14
Views: 1135

Re: Utah 529 plan changing age-based glide paths

White Coat Investor wrote:I'm in a custom plan anyway because I don't find the age based ones aggressive enough.

I'm not WCI but use UESP and recall the same. I'm 100% equities, may glide down to 50% by college, but everyone's situation is unique and I can afford to take the risk.
by letsgobobby
Wed Jun 14, 2017 1:32 am
Forum: Personal Finance (Not Investing)
Topic: TreasuryDirect - death of account holder
Replies: 20
Views: 2034

Re: TreasuryDirect - death of account holder

Their accounts were at Chase. I opened estate and trust accounts at Chase. I also have accounts at Chase. Chase will not provide any signatures. Neither will my two credit unions. I have a possible lead at Fidelity. All of these institutions have seen death certificates, letters of authority, and ce...
by letsgobobby
Wed Jun 14, 2017 1:22 am
Forum: Personal Finance (Not Investing)
Topic: valuing real estate for probate
Replies: 4
Views: 439

valuing real estate for probate

Real estate purchased in january 2017. Decedents died May 2017. Is this price defensible for valuation for probate purposes? Or is a new appraisal or market analysis required?
by letsgobobby
Mon Jun 12, 2017 10:23 pm
Forum: Personal Finance (Not Investing)
Topic: TreasuryDirect - death of account holder
Replies: 20
Views: 2034

Re: TreasuryDirect - death of account holder

No help to offer, but interested in following your progress. Are you named as a beneficiary on the I Bonds they held as individuals? Are you the trustee of the trust that the I Bonds are held in the name of? If either of these cases, I'm surprised that you can't just provide death certificates to g...
by letsgobobby
Mon Jun 12, 2017 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: TreasuryDirect - death of account holder
Replies: 20
Views: 2034

TreasuryDirect - death of account holder

I am hoping someone has experience dealing with TreasuryDirect when the account owner has died. I am completely flummoxed and they are not helping. My parents had TD online accounts, registered in each of their names as well as in each of their trusts (so up to 4 total). I do not know how much they ...
by letsgobobby
Sun Jun 11, 2017 2:11 pm
Forum: Personal Finance (Not Investing)
Topic: Tax gain harvesting for kids' UTMA accts
Replies: 17
Views: 1225

Re: Tax gain harvesting for kids' UTMA accts

aristotelian wrote:Just wait til they inherit the money and teach them to do it. Odds are they will still be in 15% bracket at 18 or 21 and then they will learn something from it.

sure, but for now I plan to reset their basis to whatever extent possible.
by letsgobobby
Sun Jun 11, 2017 10:43 am
Forum: Personal Finance (Not Investing)
Topic: Tax gain harvesting for kids' UTMA accts
Replies: 17
Views: 1225

Re: Tax gain harvesting for kids' UTMA accts

If I tax gain harvest $1050 or less for each of my children, then I do not need to file a separate tax return for each of them; whereas if I tax gain harvest $1051-$2100 they will not owe taxes, but would be required to file a return? Or do I avoid a return either way?
by letsgobobby
Sat Jun 10, 2017 3:28 pm
Forum: Personal Consumer Issues
Topic: learning Arabic
Replies: 19
Views: 1581

Re: learning Arabic

I strongly recommend iTalki.com, which is a Skype based tutoring program. you can buy as many or as few credits as you want, try different teachers, pay up for a professional tutor or save money with a lay tutor. my kids do Chinese over the summer and it's quite good. they have tutors and teachers i...
by letsgobobby
Sat Jun 10, 2017 3:23 pm
Forum: Personal Consumer Issues
Topic: Overpaid Big Time On Warranty
Replies: 55
Views: 2727

Re: Overpaid Big Time On Warranty

I just bought a 2017 Toyota RAV4 and signed up for a $70 month warranty that covers the first seven years for everything excluding normal wear and tear. How badly did I get fleeced, and considering I conducted the transaction this evening, what can I do? I'm in Missouri. $70 per month for how many ...
by letsgobobby
Sat Jun 10, 2017 8:33 am
Forum: Investing - Help with Personal Investments
Topic: How to divide investments for early retirement
Replies: 16
Views: 1984

Re: How to divide investments for early retirement

I'll just note that, per your post, you just bought a home that you're planning as your forever home and have a forecast that you can pay it off in 20 years. Given you're currently 32, that means 52. So, that means, when you're 52 or so, you'll all of a sudden have a rather substantial amount of mo...
by letsgobobby
Sat Jun 10, 2017 7:50 am
Forum: Personal Finance (Not Investing)
Topic: (Very) Early Retirement vs Parenthood
Replies: 74
Views: 4178

Re: (Very) Early Retirement vs Parenthood

I'm 33 and my husband is 39. We've been married for 3.5 years. We both have loving parents who would be thrilled if we have kids (but who also have other grandkids so aren't too worried about it). We both had positive-normal middle class (maybe upper middle class) childhoods. We both have siblings ...
by letsgobobby
Fri Jun 09, 2017 8:53 pm
Forum: Investing - Theory, News & General
Topic: Is Inflation Dying of Old Age?
Replies: 82
Views: 6692

Re: Is Inflation Dying of Old Age?

Portfolio Implications: If inflation and economic growth stay low for years, it wouldn't be great news for bond investors, especially those looking for retirement income. Like most retirees though, after years of low rates already, I’ve personally adapted to them. Stocks and REITs have historically...
by letsgobobby
Wed Jun 07, 2017 2:14 pm
Forum: Personal Consumer Issues
Topic: Installing Fencing to keep predators away from chickens?
Replies: 26
Views: 1678

Re: Installing Fencing to keep predators away from chickens?

for the hawks I suggest planting a few trees in your run. That will provide cover as well as shade for the chickens, and if the run is small enough the trees will impede the hawks' ability to glide in and snatch. If you plant fruit trees you'll have the added bonus of fruit, and the chickens will pr...
by letsgobobby
Wed Jun 07, 2017 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: Please talk me out of a turnkey rental property
Replies: 72
Views: 4634

Re: Please talk me out of a turnkey rental property

I am a proponent of owning rental property. When all else fails, real estate is tangible. No matter how aggravating renters can be, and it is a side hustle, I now have a nice income from owning 3 rentals. I can retire next month with this additional income that is above and beyond 401K/IRA, S.S. an...
by letsgobobby
Tue Jun 06, 2017 9:07 pm
Forum: Investing - Theory, News & General
Topic: Manifesting Your Riches?
Replies: 20
Views: 1895

Re: Manifesting Your Riches?

regardless of the books or philosophies, what would be lost by thinking positively in any case? Such a great question. I wonder about my resistance to thinking positively. I think that in addition to simply being habituated to darkness, some part of me thinks that I'd lose my edge by embracing posi...
by letsgobobby
Tue Jun 06, 2017 8:16 pm
Forum: Investing - Theory, News & General
Topic: Manifesting Your Riches?
Replies: 20
Views: 1895

Re: Manifesting Your Riches?

As you know, certain modern books have resurrected and vulgarized certain gnostic doctrines. One of these books was a bestseller several years ago: The Secret . It was a dumbing down not only of ancient gnosticism, but also of early and mid 20th century books such as those by Napoleon Hill which th...
by letsgobobby
Tue Jun 06, 2017 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: Please talk me out of a turnkey rental property
Replies: 72
Views: 4634

Re: Please talk me out of a turnkey rental property

OP, I don't see that you have any particular insight, any unique skill, any competitive advantage that makes this a good investment for you. If you were a handyman, a real estate agent, a contractor, a landscaper, a real estate lawyer... and you wanted to take a shot at a property in your area... an...

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