Search found 10248 matches

by letsgobobby
Mon Jul 24, 2017 10:39 am
Forum: Personal Finance (Not Investing)
Topic: What's you safety deposit box fee?
Replies: 35
Views: 1600

Re: What's you safety deposit box fee?

The real question is how many have a home safe, and how many have secured it per the included instructions? I found it rather difficult to find a spot that met the criteria and in the end, the place I have chosen is less than ideal and the attachment could likely be defeated by anyone so motivated w...
by letsgobobby
Mon Jul 24, 2017 10:24 am
Forum: Personal Finance (Not Investing)
Topic: After market extended warranty new vehicle - worth it?
Replies: 14
Views: 746

Re: After market extended warranty new vehicle - worth it?

my financial analysis was like that of an annuity purchase. I assume the average annuitant is healthier than average but if you turn out to be healthier than the average annuitant you can do well actuarially. Like social security, I assume the car warranty programs are actuarially negative for the p...
by letsgobobby
Mon Jul 24, 2017 12:51 am
Forum: Personal Consumer Issues
Topic: Books not to read.
Replies: 130
Views: 9114

Re: Books not to read.

eucalyptus wrote:NYT Bestseller Sapiens.

About a quarter or third of a fine work of history.

Too much of the rest comprises a mediocre book of philosophy.

Agree! Found the first chapter or two interesting anthropology and archaeology. After that - blech.
by letsgobobby
Mon Jul 24, 2017 12:27 am
Forum: Personal Finance (Not Investing)
Topic: After market extended warranty new vehicle - worth it?
Replies: 14
Views: 746

Re: After market extended warranty new vehicle - worth it?

Even under heavy use the vehicle will have book value >> powertrain in 10 years, and this vehicle will get relatively light use (that is why I anticipate keeping it a long time). It is definitely not a 'scam' - I wouldn't accuse the dealer of that. The warranty may not be worth anything, or what I p...
by letsgobobby
Sun Jul 23, 2017 11:21 pm
Forum: Personal Finance (Not Investing)
Topic: After market extended warranty new vehicle - worth it?
Replies: 14
Views: 746

After market extended warranty new vehicle - worth it?

I purchased a new vehicle this spring and decided to buy an after market lifetime warranty. It has a $200 deductible. It kicks in after the factory warranty expires, which is 3/36,000 bumper to bumper and 5/100,000 miles on the powertrain. The cost of the warranty was 5% of the cost of the new vehic...
by letsgobobby
Sun Jul 23, 2017 11:10 pm
Forum: Investing - Theory, News & General
Topic: John Bogle Has Been Right About Investing In International Stocks
Replies: 71
Views: 4029

Re: John Bogle Has Been Right About Investing In International Stocks

If you invested only in US stocks during this 24 year period, then your bet did pay off. But it's still a bet. US stocks are currently only 30% of a world bond/stock market portfolio. Mr. Bogle was indisputably great for creating Vanguard and low-cost index investing; but why should we think that h...
by letsgobobby
Sun Jul 23, 2017 8:54 pm
Forum: Personal Finance (Not Investing)
Topic: What's you safety deposit box fee?
Replies: 35
Views: 1600

Re: What's you safety deposit box fee?

$15, small box, credit union.
by letsgobobby
Sun Jul 23, 2017 3:29 pm
Forum: Personal Finance (Not Investing)
Topic: What if mother uses daughter's Special Needs Trust for herself?
Replies: 23
Views: 1707

Re: What if mother uses daughter's Special Needs Trust for herself?

You could do the same as Sister 1 -- create a trust for this person in your Will, with the terms and trustee(s) of your choice. This is exactly what I was going to suggest. You could also say (I believe) that funds are to be spent from trusts created before yours and from the disabled parents' trus...
by letsgobobby
Sun Jul 23, 2017 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: DAF and recommendation for tuition
Replies: 4
Views: 300

Re: DAF and recommendation for tuition

When you make a 'grant recommendation' to your DAF, the final discretion is theirs. I believe it has to be that way for a DAF to function the way it does; that is why your grant recommendation is just that - a recommendation. Officially the DAF could decline your recommendation. I have seen in our D...
by letsgobobby
Sun Jul 23, 2017 3:10 pm
Forum: Investing - Theory, News & General
Topic: Vanguard upgraded my accounts - angry [Brokerage Services]
Replies: 118
Views: 11880

Re: Vanguard upgraded my accounts - angry [Brokerage Services]

I see some advantage to switching, and I'm not opposed to change, but we have a very large number of accounts (more than 20) and cost basis from account to account is quite complex - I don't want to take any chances that something bad happens. We converted some three years ago. As far as "swit...
by letsgobobby
Sun Jul 23, 2017 1:35 pm
Forum: Investing - Theory, News & General
Topic: Vanguard upgraded my accounts - angry [Brokerage Services]
Replies: 118
Views: 11880

Re: Vanguard upgraded my accounts - angry [Brokerage Services]

...instead of waiting until Vanguard does it automatically. They can't do it automatically. You can't just open brokerage accounts for people w/o their consent. But IIRC they don't give you an option of not converting. I did it manually ASAP but my parents waited until Vanguard was effectively forc...
by letsgobobby
Sun Jul 23, 2017 1:36 am
Forum: Investing - Theory, News & General
Topic: Vanguard upgraded my accounts - angry [Brokerage Services]
Replies: 118
Views: 11880

Re: Vanguard upgraded my accounts - angry [Brokerage Services]

...instead of waiting until Vanguard does it automatically. They can't do it automatically. You can't just open brokerage accounts for people w/o their consent. But IIRC they don't give you an option of not converting. I did it manually ASAP but my parents waited until Vanguard was effectively forc...
by letsgobobby
Sun Jul 23, 2017 12:33 am
Forum: Investing - Theory, News & General
Topic: Vanguard upgraded my accounts - angry [Brokerage Services]
Replies: 118
Views: 11880

Re: Vanguard upgraded my accounts - angry [Brokerage Services]

I upgraded last December and only had to reset my dividend elections. Vanguard is going to upgrade every single account sooner or later. For those of you who have complex setups... deal with it now on YOUR terms. Seriously, I don't get why people say to ignore it. Plenty of platform options out the...
by letsgobobby
Sat Jul 22, 2017 11:01 pm
Forum: Personal Finance (Not Investing)
Topic: Any way to avoid capital gains tax (from K-1) using married filing separately?
Replies: 21
Views: 981

Re: Any way to avoid capital gains tax (from K-1) using married filing separately?

in general, does the characteristic of trust income maintain itself when the income is distributed to the beneficiaries? ie, rental income is rental income, qualified dividends are qualified dividends, etc?
by letsgobobby
Sat Jul 22, 2017 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: should my 22 yr old son have my power of attorney
Replies: 13
Views: 1355

Re: should my 22 yr old son have my power of attorney

The wife and I are thinking about changing our health directives and power of attorney for financial issues from our respective older bothers ages 55-60 to our 22 yr old son who is finishing up college this year or next. The reason for doing this is to move these responsibilities on to the next gen...
by letsgobobby
Sat Jul 22, 2017 10:59 am
Forum: Personal Finance (Not Investing)
Topic: Denver or Portland for a 2nd home
Replies: 52
Views: 2849

Re: Denver or Portland for a 2nd home

Between those two, Denver. I'd rather have 4 Seasons than one long rainy season. We haven't had any rain in 33 days. And none in the forecast. But it is good for people to continue to believe that all it does is rain around here... keeps the crowds down. You quickly forgot your winter this year whe...
by letsgobobby
Fri Jul 21, 2017 9:06 pm
Forum: Investing - Theory, News & General
Topic: Vanguard 403b Changes
Replies: 106
Views: 6235

Re: Vanguard 403b Changes

We still have not received a letter. Is this limited to certain 403b plans (ie, K-12 or other)?
by letsgobobby
Fri Jul 21, 2017 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: Denver or Portland for a 2nd home
Replies: 52
Views: 2849

Re: Denver or Portland for a 2nd home

sunny_socal wrote:Between those two, Denver. I'd rather have 4 Seasons than one long rainy season.

We haven't had any rain in 33 days. And none in the forecast.

But it is good for people to continue to believe that all it does is rain around here... keeps the crowds down.
by letsgobobby
Fri Jul 21, 2017 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: Is there any reason not to? [4% Checking]
Replies: 30
Views: 2803

Re: Is there any reason not to? [4% Checking]

20 transactions is more than I have to make. I find 12 very doable. In a dozen years I've missed the requirements two months. I use my debit card when I buy a coffee, when I pay the meter for parking, when I have to buy a screw at the hardware store. I've usually made my purchases by the 20th of eac...
by letsgobobby
Fri Jul 21, 2017 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: Denver or Portland for a 2nd home
Replies: 52
Views: 2849

Re: Denver or Portland for a 2nd home

I think PDX and DEN have a lot in common. In fact I frequently see mini-chains that have outposts in DEN, PDX, and AUS. Tech companies, doughnuts, beer, burritos, etc. Have only been to DEN a couple times. I noticed it is not in the mountains. To be close to the mountains you have to bein Boulder, w...
by letsgobobby
Fri Jul 21, 2017 2:09 pm
Forum: Investing - Help with Personal Investments
Topic: Planning 529 Distributions
Replies: 25
Views: 1230

Re: Planning 529 Distributions

Non-qualified 529 distributions are always taxable income to the account owner, regardless of who the distribution goes to. The beneficiaries marginal tax rate is irrelevant unless it is a UTMA 529 account. Not asking you to do my Google work for me, but would you happen to know of a good online re...
by letsgobobby
Fri Jul 21, 2017 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: Kicking the net worth habit
Replies: 47
Views: 4941

Re: Kicking the net worth habit

IMO he should be trying to maximize cash flow. First thing that comes to mind would be converting his net worth (according to its standard definition) to an annuity. Maximize may not be the right word or the right goal. We generally need adequate retirement income that exceeds our retirement expens...
by letsgobobby
Fri Jul 21, 2017 9:24 am
Forum: Personal Finance (Not Investing)
Topic: Is there any reason not to? [4% Checking]
Replies: 30
Views: 2803

Re: Is there any reason not to? [4% Checking]

we do this for a 2-2.5% return on balances up to $15,000 and $20,000, but ours only require a dozen transactions each. it's worth it to us. we focus on very small transactions and don't sacrifice many reward points.
by letsgobobby
Fri Jul 21, 2017 9:04 am
Forum: Investing - Help with Personal Investments
Topic: Planning 529 Distributions
Replies: 25
Views: 1230

Re: Planning 529 Distributions

are you sure none of your three kids will attend grad school? do you have other relatives who could use some 529 funds? what about holding on for future grandchildren? in other words non-qualified distributions would be the last option I would think about.
by letsgobobby
Fri Jul 21, 2017 2:10 am
Forum: Personal Finance (Not Investing)
Topic: Kicking the net worth habit
Replies: 47
Views: 4941

Re: Kicking the net worth habit

I used to calculate my net worth as a metric for how I was doing financially. Now I am mostly retired, I am beginning to realize the inadequacy of this approach. If my net worth increases over time, is it good or bad? I have no interest in leaving an estate, so a failure of my net worth to decline ...
by letsgobobby
Thu Jul 20, 2017 11:12 pm
Forum: Investing - Help with Personal Investments
Topic: ibond purchases on treasurydirect
Replies: 10
Views: 882

Re: ibond purchases on treasurydirect

So I bought iBonds from my tax returns earlier this year and the physical paper bonds were mailed to me at home. I just logged on to treasurydirect.com today and did not see any of the bonds i own, and there was no history of the transactions (by the way that site is super unfriendly to use). How d...
by letsgobobby
Thu Jul 20, 2017 1:35 pm
Forum: Investing - Help with Personal Investments
Topic: Separate charitable donations in taxable
Replies: 12
Views: 386

Re: Separate charitable donations in taxable

If you know that you want to make a charitable donation, it doesn't make sense to grow it in taxable and then transfer to the DAF. You might as well write a check directly to your DAF and let it grow inside the DAF. Wouldn't this result in a lower deduction as the contribution the DAF would be what...
by letsgobobby
Thu Jul 20, 2017 1:13 pm
Forum: Investing - Help with Personal Investments
Topic: Separate charitable donations in taxable
Replies: 12
Views: 386

Re: Separate charitable donations in taxable

If you know that you want to make a charitable donation, it doesn't make sense to grow it in taxable and then transfer to the DAF. You might as well write a check directly to your DAF and let it grow inside the DAF. Wouldn't this result in a lower deduction as the contribution the DAF would be what...
by letsgobobby
Thu Jul 20, 2017 9:19 am
Forum: Investing - Help with Personal Investments
Topic: Windfall: Buy or wait?
Replies: 30
Views: 2820

Re: Windfall: Buy or wait?

with PE10 > 30, my allocation to US stocks with a recent windfall is 0%. I have mostly lump summed the fixed income and international stock portions. I plan to value average in over no more than five years into the US stock portion. In other words: now: 60% fixed income, 40% international, 0% US 1 y...
by letsgobobby
Thu Jul 20, 2017 1:18 am
Forum: Personal Finance (Not Investing)
Topic: Is this market timing? (with charitable giving)
Replies: 12
Views: 749

Re: Is this market timing? (with charitable giving)

In general you should delay donations to a DAF until the last moment because doing so optimizes your expected tax deduction (over time, stocks tend to appreciate) and minimizes your expected costs (Vanguard and Fido DAFs charge 0.60% annually in fees/expenses beyond the mutual fund fees).
by letsgobobby
Thu Jul 20, 2017 1:16 am
Forum: Investing - Help with Personal Investments
Topic: Can anyone convince me I need international stock in my portfolio?
Replies: 161
Views: 7064

Re: Can anyone convince me I need international stock in my portfolio?

You will need it over the next thirty years if US stocks tread water or decline and/or the US dollar enters a long decline, but you won't know whether this has happened for approximately thirty years.
by letsgobobby
Wed Jul 19, 2017 11:46 pm
Forum: Personal Finance (Not Investing)
Topic: Physician Compensation and Subspecialties
Replies: 53
Views: 4151

Re: Physician Compensation and Subspecialties

physician, not a hospitalist. All our hospitalists make more than you, none of them work in NYC. Our match is closer to 10%, it vests immediately, and we are nice people. It seems to me there are only two major perks to being a hospitalist. The first is the love of inpatient medicine. The second is ...
by letsgobobby
Wed Jul 19, 2017 7:53 pm
Forum: Investing - Theory, News & General
Topic: Vanguard 403b Changes
Replies: 106
Views: 6235

Re: Vanguard 403b Changes

still have not received the letter, but it seems like if your assets are high enough that Admiral shares offset the monthly $5 fee (per plan), you come out ahead. Depending on the particular investments you chose, that could occur at a relatively low account value in the mid-upper 5 figures. It seem...
by letsgobobby
Tue Jul 18, 2017 11:19 pm
Forum: Personal Consumer Issues
Topic: Books not to read.
Replies: 130
Views: 9114

Re: Books not to read.

The Unconsoled by Kazuo Ishiguro.

Never Let me Go is one of my favorite books of all time. And I liked Remains of the Day well enough. But this was bizarre and numbing. The absurdism was not lost on me but after 250 pages, whatever the point was, it was not worth the slog. I gave in.
by letsgobobby
Tue Jul 18, 2017 8:37 pm
Forum: Investing - Help with Personal Investments
Topic: Investment advice for $4 million - can I do all stocks?
Replies: 72
Views: 5553

Re: Investment advice for $4 million - can I do all stocks?

they have $2M liquid and are about to realize $4M cash from the sale of a business. they also have a rich uncle and may inherit something in the future. does not seem convoluted to me.
by letsgobobby
Tue Jul 18, 2017 9:25 am
Forum: Investing - Help with Personal Investments
Topic: Investment advice for $4 million - can I do all stocks?
Replies: 72
Views: 5553

Re: Investment advice for $4 million - can I do all stocks?

Several other posters have suggested putting your 401k into bonds and the rest ($1-$5M) into stocks. I'd be thinking along those same lines. I am not sanguine about the near-medium term prospects for US stocks and there's really no rush for you, so perhaps think about dollar averaging over several y...
by letsgobobby
Mon Jul 17, 2017 8:59 am
Forum: Investing - Theory, News & General
Topic: Vanguard 403b Changes
Replies: 106
Views: 6235

Re: Vanguard 403b Changes

wife has not received letter yet for her vanguard 403b. but does she really have a vanguard 403b? she has access to vanguard funds and they appear in her 403b and 401k accounts at vanguard.com.

at any rate my question is who was paying the equivalent of the $5/mo fee beforehand?
by letsgobobby
Sat Jul 15, 2017 5:03 pm
Forum: Personal Finance (Not Investing)
Topic: Do you count vehicle equity in net worth?
Replies: 178
Views: 7022

Re: Do you count vehicle equity in net worth?

I'm kinda surprised that so many nominal Bogleheads don't seem to understand what Net Worth is, vis a vis Investible Assets. I thought that on average we had good financial literacy here. Oh well... I really do not know what I would do if I was utilizing this method - what would happen with these a...
by letsgobobby
Thu Jul 13, 2017 10:31 am
Forum: Personal Finance (Not Investing)
Topic: Do you count vehicle equity in net worth?
Replies: 178
Views: 7022

Re: Do you count vehicle equity in net worth?

For those who track net worth but not the value of assets like cars, if you spend $50,000 cash on a car, do you consider your net worth as having dropped by $50,000? I would consider my net worth to have dropped by $50,000, yes. And then it would go back up if/when I sold the car. Because I can't a...
by letsgobobby
Thu Jul 13, 2017 10:05 am
Forum: Personal Finance (Not Investing)
Topic: Do you count vehicle equity in net worth?
Replies: 178
Views: 7022

Re: Do you count vehicle equity in net worth?

There really isn't anything to debate. Net worth has a definition, total assets minus total liabilities. To the extent you are calculating net worth, to exclude a vehicle would be an error. The only reason I calculate NW is to have a sense of my estate tax liability (if any) when I die. I am sure bo...
by letsgobobby
Thu Jul 13, 2017 8:45 am
Forum: Investing - Help with Personal Investments
Topic: 13 year old with $2000 to invest
Replies: 20
Views: 2086

Re: 13 year old with $2000 to invest

I earned my first $1000+ at that age, working a paper route. My father suggested I contribute $500 to an IRA, which he matched 100%. We opened an account together, picked an investment together, and watched it over many years. When Roth IRAs became available we converted my small account. Perhaps it...
by letsgobobby
Wed Jul 12, 2017 9:23 am
Forum: Investing - Help with Personal Investments
Topic: 529 generation skipping
Replies: 3
Views: 392

Re: 529 generation skipping

You can change the 529 beneficiary to close family members including antecedents and decedents. The issues with both changing ownership and changing beneficiaries to a lower generation are a mess. There are NO 529 finalized regulations. The IRS has issued two diametrically opposed proposed regulati...
by letsgobobby
Wed Jul 12, 2017 2:05 am
Forum: Personal Consumer Issues
Topic: Olympic NP and Mt Rainier NP
Replies: 20
Views: 1756

Re: Olympic NP and Mt Rainier NP

Thanks all for the input. I guess my wife and I were thinking that if its summer in Minnesota, its at least spring everywhere else! At least we prepared and bought two new rain coats! My wife and I are pretty tough hikers, before kids our vacations were 10-12 mile day hikes at rocky mtn national pa...
by letsgobobby
Wed Jul 12, 2017 1:20 am
Forum: Investing - Theory, News & General
Topic: Vanguard FTSE All-World ex-US Small-Cap ETF
Replies: 20
Views: 4326

Re: Vanguard FTSE All-World ex-US Small-Cap ETF

Any current thoughts re: - Advisability of ETF vs MF? For a taxable account? For an IRA with RMDs? - likelihood of Admiral shares being offered any time soon? - whether there is a clearly better international small option, including a non Vanguard option. There are DFA adherents and DISVX has done w...
by letsgobobby
Sun Jul 09, 2017 5:25 pm
Forum: Personal Consumer Issues
Topic: can't logon to vanguard account [Website Down]
Replies: 92
Views: 2891

Re: can't logon to vanguard account [Website Down]

I don't think those not in the tech sector realize how basic this is. It's not about my making critical transactions at 10 am on Sunday. It's a symptom of a much deeper problem. If vanguard can't roll out routine upgrades without taking the site down- something your average blogger can now do easil...
by letsgobobby
Sun Jul 09, 2017 11:22 am
Forum: Personal Consumer Issues
Topic: can't logon to vanguard account [Website Down]
Replies: 92
Views: 2891

Re: Is Vanguard down this AM (7/9/17)?

routinely I cannot log into various financial websites late Saturday night. It happens to be my preferred time to do housekeeping and I've just accepted this fact of life. Last night Vanguard was one of three websites I couldn't access. No big deal. What is the big deal?
by letsgobobby
Sat Jul 08, 2017 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: Car Finance 1.49% a Good Rate?
Replies: 40
Views: 2873

Re: Car Finance 1.49% a Good Rate?

Late night musings: This post kind of sounds like you want us to endorse a decision you've already made. Sure it's a good rate in that you're not going to do better with a bank or credit union. You could have answered that question by searching the internet for 5 minutes. 72 months is on the long e...
by letsgobobby
Thu Jul 06, 2017 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: Museum Membership - tax deductible?
Replies: 13
Views: 939

Re: Museum Membership - tax deductible?

Tax deductible. I recall that the value of unlimited admission is considered incidental and of no value. Likewise any spiritual benefits derived from contributions to a house of worship do not offset the tax deductibility of said contributions. When museums have broken this down for us in the past, ...
by letsgobobby
Thu Jul 06, 2017 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: transferable on death account and refusing inheritance (Taxable?)
Replies: 6
Views: 454

Re: transferable on death account and refusing inheritance (Taxable?)

Tax Question. My wife is the executor of her grandparents will. Her grandparents have separate accounts opened for each of the beneficiaries each transferable on death. There is a strong possibility that her father who has one of these accounts will refuse the inheritance when they pass and offer i...

Go to advanced search