Search found 10822 matches

by letsgobobby
Sun Jan 21, 2018 1:09 pm
Forum: Personal Consumer Issues
Topic: Medical Appointment Cancellation Policies/Fees
Replies: 29
Views: 1532

Re: Medical Appointment Cancellation Policies/Fees

Those who advocate that a MD or Dentist's time is valuable and they should assess a cancel charge should consider wjy the same does not apply to restaurant reservations, car rental, hotel reservations, hair appts, oil changes. Isn't time valuable to every one. Upscale restaurants do take a credit c...
by letsgobobby
Sun Jan 21, 2018 12:23 pm
Forum: Personal Consumer Issues
Topic: Medical Appointment Cancellation Policies/Fees
Replies: 29
Views: 1532

Re: Medical Appointment Cancellation Policies/Fees

This is the routine practice in my field: 24 or 48 hours notice required (varies from office to office) full cash fee for the visit is expected otherwise and charged accordingly - which may be $300 or more per visit (even if you would normally use insurance, since we cannot bill insurance if you don...
by letsgobobby
Sun Jan 21, 2018 12:52 am
Forum: Investing - Help with Personal Investments
Topic: Pull back on retirement saving to increase savings for kids' college?
Replies: 19
Views: 982

Re: Pull back on retirement saving to increase savings for kids' college?

If you plan to save $1000 per child per month the money will have to come from somewhere.

I think $400k is too low, since top private schools currently cost $260,000. A meager 4% per year growth rate takes you to $520k in 18 years.
by letsgobobby
Sat Jan 20, 2018 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: Should I stop 529 Contributions
Replies: 14
Views: 1509

Re: Should I stop 529 Contributions

You have not said what your goal is, so hard to know.

In particular if you plan to eventually fund some of your grandkids' educations, I'd keep going.
by letsgobobby
Fri Jan 19, 2018 11:52 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited IRA with basis Form 8606 TaxAct
Replies: 5
Views: 359

Re: Inherited IRA with basis Form 8606 TaxAct

Can I efile my tax return then do an amendment with the info about the inherited IRA with basis?
by letsgobobby
Fri Jan 19, 2018 1:18 am
Forum: Personal Finance (Not Investing)
Topic: Inherited IRA with basis Form 8606 TaxAct
Replies: 5
Views: 359

Inherited IRA with basis Form 8606 TaxAct

Have a small inherited non spousal IRA that had basis. When attempting to enter this info into TaxAct, I couldn’t see an option to enter basis, but found this online: https://www.taxact.com/support/21070/2017/ira-inherited-form-8606 Inherited traditional IRA distribution with basis and did not own t...
by letsgobobby
Thu Jan 18, 2018 10:22 am
Forum: Personal Consumer Issues
Topic: Short Commute or Nicer House?
Replies: 132
Views: 6145

Re: Short Commute or Nicer House?

My husband and I are moving with two small kids to a new city. We've narrowed down where to live to 2 possible neighborhoods: Option #1: in the city - Excellent schools available - Less than 2 miles to work, commute is about 5 minutes by car or 10 minutes by bike - Very easy access to tons of resta...
by letsgobobby
Thu Jan 18, 2018 12:20 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Advisor Bullied Me
Replies: 32
Views: 4714

Re: Vanguard Advisor Bullied Me

Is this IRA in a trust?
by letsgobobby
Wed Jan 17, 2018 8:52 pm
Forum: Investing - Help with Personal Investments
Topic: Lost Job. Retirement/Portfolio Advice
Replies: 46
Views: 4199

Re: Lost Job. Retirement/Portfolio Advice

I am a single 58 year old who lost a good job with retirement and healthcare benefits due to "eliminating seniors". Need sound advice for security and revenue/income, and growth if possible. Afraid of risks now because current job is a 50% cut in pay and there is No chance of pay raise or growth. A...
by letsgobobby
Wed Jan 17, 2018 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: Deceased mother's Financial Advisor wants $500+ to convert to bene IRA
Replies: 31
Views: 2465

Re: Deceased mother's IRA co wants $500+ to convert to bene IRA

Hey folks, I was wondering if it's typical for an IRA company to charge $500+ for their part in the process of transferring from my mother's traditional IRA to a beneficiary IRA in my name, and then to the custodian of my choice (haven't decided yet between Vanguard, E*Trade, or Fidelity; have acct...
by letsgobobby
Mon Jan 15, 2018 9:43 pm
Forum: Investing - Theory, News & General
Topic: International stocks underperformed for the last 20 years.
Replies: 148
Views: 15511

Re: International stocks underperformed for the last 20 years.

I haven't checked the numbers but it would seem to me that an all-encompassing international index would slightly underperform an index from any one country from the 'global north' most of the time. If one person doesn't get the flu, she will be healthier, on average, than the group. If she does ge...
by letsgobobby
Mon Jan 15, 2018 1:36 am
Forum: Personal Finance (Not Investing)
Topic: Executor/Trustee question
Replies: 20
Views: 1171

Re: Executor/Trustee question

Like carruthers209, I was going to encourage you to check your mother’s state for probate laws regarding small estates. There is often an exemption in the low to mid five figure range, and your mom’s estate might be below that figure. Then, no probate, or perhaps a limited one.
by letsgobobby
Sun Jan 14, 2018 11:51 am
Forum: Investing - Theory, News & General
Topic: Heading for a top?
Replies: 103
Views: 7758

Re: Heading for a top?

Well it’s definitely not 2000. That was a once in a lifetime bubble; really the 07-09 crisis was the second half of the 2000-02 tech crash, as the fed lowered interest rates to prop up stock markets and liquidity flowed into real estate and debt. Stocks are less expensive than they were in 2000 and ...
by letsgobobby
Sun Jan 14, 2018 11:04 am
Forum: Investing - Theory, News & General
Topic: Heading for a top?
Replies: 103
Views: 7758

Re: Heading for a top?

the ten year returned 8.05%, not much different.

yes, I would still feel comfortable owning treasuries, including ten years.

yes, I think bonds will perform about the same as bonds over the next five to ten years.

bonds are more expensive than they were in 1991, but so are stocks.
by letsgobobby
Sat Jan 13, 2018 11:28 pm
Forum: Investing - Theory, News & General
Topic: Heading for a top?
Replies: 103
Views: 7758

Re: Heading for a top?

MnD suggested 1/1/91 as a starting point; I suggested 1/1/09 as an ending point because I wanted to show that those who got out even very early in a bull market (which of course can only be known in retrospect) might not always be unhappy with the result. The essential info is not that stocks contin...
by letsgobobby
Sat Jan 13, 2018 10:49 pm
Forum: Investing - Theory, News & General
Topic: Heading for a top?
Replies: 103
Views: 7758

Re: Heading for a top?

The "this bull market is long in the tooth" argument would have gotten you out of the 1949-1966 run in 1958 and out of the 1982-2000 run in 1991. Both pretty unfortunate timing-wise. Let's think about that though. In real terms, how much higher were markets at their future nadirs than the years you...
by letsgobobby
Sat Jan 13, 2018 6:40 pm
Forum: Personal Consumer Issues
Topic: Anyone have a home elevator?
Replies: 5
Views: 848

Re: Anyone have a home elevator?

I tried to persuade a friend building his long term home to put in an elevator. It's a three story home with garage on one floor, kitchen and living on next floor, and bedrooms on top floor. I think he's going to regret not having it as stairs are the single largest mobility factor keeping the aged ...
by letsgobobby
Sat Jan 13, 2018 6:27 pm
Forum: Personal Consumer Issues
Topic: Anyone have a home elevator?
Replies: 5
Views: 848

Re: Anyone have a home elevator?

I priced one out around $30k for a new build. Didn't end up building from scratch but that was the price we saw about four years ago.
by letsgobobby
Sat Jan 13, 2018 2:58 pm
Forum: Investing - Theory, News & General
Topic: Heading for a top?
Replies: 103
Views: 7758

Re: Heading for a top?

The "this bull market is long in the tooth" argument would have gotten you out of the 1949-1966 run in 1958 and out of the 1982-2000 run in 1991. Both pretty unfortunate timing-wise. Let's think about that though. In real terms, how much higher were markets at their future nadirs than the years you...
by letsgobobby
Sat Jan 13, 2018 9:53 am
Forum: Investing - Theory, News & General
Topic: Heading for a top?
Replies: 103
Views: 7758

Re: Heading for a top?

The "this bull market is long in the tooth" argument would have gotten you out of the 1949-1966 run in 1958 and out of the 1982-2000 run in 1991. Both pretty unfortunate timing-wise. Let's think about that though. In real terms, how much higher were markets at their future nadirs than the years you...
by letsgobobby
Sat Jan 13, 2018 9:23 am
Forum: Investing - Theory, News & General
Topic: Heading for a top?
Replies: 103
Views: 7758

Re: Heading for a top?

...Warren Buffet[t] has always said "Be fearful when others are greedy"... In the words of the old computer adventure game, "You must tell me how to do a thing like that." I don't know how to gauge others' fear or others' greed. I don't know how to adjust my emotions, to become greedy or fearful si...
by letsgobobby
Sat Jan 13, 2018 9:20 am
Forum: Investing - Theory, News & General
Topic: Heading for a top?
Replies: 103
Views: 7758

Re: Heading for a top?

All good points. I would never leave the market. Too wise for that. Maybe reduce a bit. But there is obviously a lot of speculation out there. Ripple in particular shows that people are just buying things because they're going up. Last I heard it was getting a lot of hype because it had around "100...
by letsgobobby
Fri Jan 12, 2018 1:32 am
Forum: Investing - Help with Personal Investments
Topic: Ideas for Investing 100k
Replies: 5
Views: 399

Re: Ideas for Investing 100k

I would invest according to your IPS, which should already take into account your need and ability to take risk. Since you are presumably young and already have money invested, this would seem to be the most straightforward approach. It's likely not enough money to change your life long term, so you...
by letsgobobby
Thu Jan 11, 2018 9:20 pm
Forum: Personal Finance (Not Investing)
Topic: How much/little money to give kids in will so they continue to work
Replies: 95
Views: 8014

Re: How much/little money to give kids in will so they continue to work

Philosophically, and spiritually, I agree with you. But science is arguing that what we call free will... May not exist as we conceptualize it. Given I have no responsibility to guide the lives of my adult children, do I at least have the responsibility not to screw them up? Can you please provide ...
by letsgobobby
Thu Jan 11, 2018 8:43 pm
Forum: Personal Finance (Not Investing)
Topic: How much/little money to give kids in will so they continue to work
Replies: 95
Views: 8014

Re: How much/little money to give kids in will so they continue to work

Philosophically, and spiritually, I agree with you. But science is arguing that what we call free will... May not exist as we conceptualize it. Given I have no responsibility to guide the lives of my adult children, do I at least have the responsibility not to screw them up?
by letsgobobby
Thu Jan 11, 2018 8:20 pm
Forum: Personal Finance (Not Investing)
Topic: How much/little money to give kids in will so they continue to work
Replies: 95
Views: 8014

Re: How much/little money to give kids in will so they continue to work

I'd say leave them as much or as little as you want, with the rest going wherever you choose. I think what they eventually do as adults, including working or not, after your death should be up to them, not you. PJW The question is whether a certain amount of money can effectively, at least partiall...
by letsgobobby
Wed Jan 10, 2018 9:06 pm
Forum: Personal Finance (Not Investing)
Topic: Trusts for adult Children
Replies: 203
Views: 10004

Re: Trusts for adult Children

NotWhoYouThink wrote:
Wed Jan 10, 2018 8:17 pm
They have, and they haven't made me want to leave the money in trust.
then maybe you should stop asking us to repeat ourselves.
by letsgobobby
Wed Jan 10, 2018 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: Trusts for adult Children
Replies: 203
Views: 10004

Re: Trusts for adult Children

I don't buy warranties for electronics or carry collision/comprehensive on paid for cars after the first year or two, because I don't want to pay for insurance if I can afford to take the risk. I don't plan to leave my estate in trust because there is a cost (we can argue about how much, some say i...
by letsgobobby
Wed Jan 10, 2018 7:43 pm
Forum: Personal Consumer Issues
Topic: Anyone disenchanted with retirement?
Replies: 180
Views: 18176

Re: Anyone disenchanted with retirement?

tennisplyr wrote:
Mon Jan 08, 2018 4:52 pm
Just hit 7 years in retirement and things seem to be going fast, but well for me. Was wondering if anyone has been disappointed with retirement and maybe went back to work, and went did that hit?
At times I am disenchanted with pre-retirement.
by letsgobobby
Wed Jan 10, 2018 3:57 pm
Forum: Investing - Help with Personal Investments
Topic: What would you do with a 25 million windfall?
Replies: 47
Views: 2791

Re: What would you do with a 25 million windfall?

thangngo wrote:
Wed Jan 10, 2018 3:20 pm
Invest $25 million with my current allocation. :sharebeer
You don't think your need to take risk might have changed with a windfall equal to fifty times your annual salary?
by letsgobobby
Wed Jan 10, 2018 2:53 pm
Forum: Personal Finance (Not Investing)
Topic: Trusts for adult Children
Replies: 203
Views: 10004

Re: Trusts for adult Children

Going through the same thing trying to figure out what to do. I would appreciate any suggestions. We have a meeting scheduled with an estate lawyer coming up soon. Background Married 38 years (each 60) Have Wills, POAs and Health Care Directives Three kids (19,25,31) Good kids, decent but not high ...
by letsgobobby
Wed Jan 10, 2018 1:09 am
Forum: Personal Finance (Not Investing)
Topic: Trusts for adult Children
Replies: 203
Views: 10004

Re: Trusts for adult Children

What does that mean? Arms length distance. If you can replace the co-trustee, he can also replace you, who wins in the end. Negative. I’m always first. I can change my co-trustee at will. Arms length means it can’t be me, can’t be someone with a conflict of interest. Could be a professional - in fa...
by letsgobobby
Wed Jan 10, 2018 12:14 am
Forum: Personal Finance (Not Investing)
Topic: Trusts for adult Children
Replies: 203
Views: 10004

Re: Trusts for adult Children

What does that mean? Arms length distance. If you can replace the co-trustee, he can also replace you, who wins in the end. Negative. I’m always first. I can change my co-trustee at will. Arms length means it can’t be me, can’t be someone with a conflict of interest. Could be a professional - in fa...
by letsgobobby
Wed Jan 10, 2018 12:00 am
Forum: Personal Finance (Not Investing)
Topic: Trusts for adult Children
Replies: 203
Views: 10004

Re: Trusts for adult Children

trust gives me power to replace co-trustee, as long as there is an arms length distance.
by letsgobobby
Tue Jan 09, 2018 11:44 pm
Forum: Personal Finance (Not Investing)
Topic: Trusts for adult Children
Replies: 203
Views: 10004

Re: Trusts for adults Children

So you see no issues with two 20-somethings inheriting a seven-figure estate before they have even launched their own careers? That's baffling to me. That kind of cash would throw an adult nearing retirement for a loop -- let alone a veritable kid. I trust my kids to exercise good judgment, but you...
by letsgobobby
Tue Jan 09, 2018 11:23 pm
Forum: Personal Consumer Issues
Topic: Latest generation RAM 1500's
Replies: 27
Views: 1675

Re: Latest generation RAM 1500's

you tow once in a while and want the truck bed. it’s reasonable.
by letsgobobby
Tue Jan 09, 2018 11:15 pm
Forum: Personal Finance (Not Investing)
Topic: Trusts for adult Children
Replies: 203
Views: 10004

Re: Trusts for adults Children

So you see no issues with two 20-somethings inheriting a seven-figure estate before they have even launched their own careers? That's baffling to me. That kind of cash would throw an adult nearing retirement for a loop -- let alone a veritable kid. I trust my kids to exercise good judgment, but you...
by letsgobobby
Tue Jan 09, 2018 9:15 pm
Forum: Personal Finance (Not Investing)
Topic: how to transfer mortgage from one trust to another
Replies: 15
Views: 870

Re: how to transfer mortgage from one trust to another

Washington state. The county didn’t indicate it should be notarized, but I could easily have that done.
by letsgobobby
Tue Jan 09, 2018 9:43 am
Forum: Investing - Help with Personal Investments
Topic: House Is Paid Off! - Now What?
Replies: 7
Views: 1580

Re: House Is Paid Off! - Now What?

Hi All, I have been lucky enough to pay off my home and will be living mortgage/rent free for the first time ever! I've recently discovered the site and have been diligently reading the past week. I don't have any investments other than my company 401k which is being managed by their company for a ...
by letsgobobby
Tue Jan 09, 2018 1:40 am
Forum: Investing - Theory, News & General
Topic: Year 2000 retirees using the '4% rule' - Where are they now?
Replies: 338
Views: 31048

Re: Year 2000 retirees using the '4% rule' - Where are they now?

I find this at least mildly reassuring. Retiring at one of the worst possible times in recent history, and the money's expected to last about 30 years in any of the calculated asset allocations from moderately conservative to very aggressive. The data also doesn't account for any modification in sp...
by letsgobobby
Tue Jan 09, 2018 1:06 am
Forum: Personal Finance (Not Investing)
Topic: What To Do about DH – Dark Clouds on the Horizon
Replies: 9
Views: 2660

Re: What To Do about DH – Dark Clouds on the Horizon

Not medical advice: but if he is experiencing cognitive changes, is he able to work as before? What is his insight into his changes? There is a grey zone between minor impairment and full disability where he probably will not qualify for Social Security disability, since that requires the likelihood...
by letsgobobby
Mon Jan 08, 2018 8:35 pm
Forum: Personal Finance (Not Investing)
Topic: how to transfer mortgage from one trust to another
Replies: 15
Views: 870

Re: how to transfer mortgage from one trust to another

Whose name is actually on the mortgage? Who owns the property? Generally speaking, under the Garn St. Germain Act, a person can transfer property in and out of a Living Trust without triggering the Due on Transfer Clause in the mortgage. In CA you would accomplish this by executing a Quitclaim Deed...
by letsgobobby
Mon Jan 08, 2018 6:17 pm
Forum: Investing - Theory, News & General
Topic: Memo to those who have won the game: it's time to quit playing
Replies: 210
Views: 17694

Re: Memo to those who have won the game: it's time to quit playing

Willthrill, it's not even the 62% drawdown which would be hardest on folks, difficult as that would be. It's the twenty or thirty year round trip with a zero real return. Very few investors are mentally prepared for that possibility. The worst 20 year period for the market resulted in a real return...
by letsgobobby
Mon Jan 08, 2018 6:16 pm
Forum: Personal Finance (Not Investing)
Topic: Trusts for adult Children
Replies: 203
Views: 10004

Re: Trusts for adults Children

By the way, we found a good local corporate trustee with a good long trustworthy track record and reasonable fees: 1% for the first $3 million and negotiable beyond that, below 0.8% for sure. That is an all inclusive fee: trust services, identifying and working with property managers, basic tax ser...
by letsgobobby
Mon Jan 08, 2018 5:21 pm
Forum: Personal Finance (Not Investing)
Topic: Trusts for adult Children
Replies: 203
Views: 10004

Re: Trusts for adults Children

By the way, we found a good local corporate trustee with a good long trustworthy track record and reasonable fees: 1% for the first $3 million and negotiable beyond that, below 0.8% for sure. That is an all inclusive fee: trust services, identifying and working with property managers, basic tax serv...
by letsgobobby
Mon Jan 08, 2018 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: How much are you putting in a 529?
Replies: 111
Views: 7423

Re: How much are you putting in a 529?

Given your net worth, it's obvious you could have done both. Therefore why did you choose to give up the tax savings, which between state and federal might have approached a low to mid five figure sum in your case?
by letsgobobby
Mon Jan 08, 2018 4:03 pm
Forum: Investing - Theory, News & General
Topic: Memo to those who have won the game: it's time to quit playing
Replies: 210
Views: 17694

Re: Memo to those who have won the game: it's time to quit playing

Willthrill, it's not even the 62% drawdown which would be hardest on folks, difficult as that would be. It's the twenty or thirty year round trip with a zero real return. Very few investors are mentally prepared for that possibility.
by letsgobobby
Mon Jan 08, 2018 3:13 pm
Forum: Forum Issues and Administration
Topic: Help me understand question-less financial status (e.g. "2 comma club") threads.
Replies: 175
Views: 8516

Re: Help me understand question-less financial status (e.g. "2 comma club") threads.

If completely non actionable, moving to Local chapters/Community forum seems like a compromise. Although I would anticipate once a thread has been moved there, an OP might edit his post to ask, "what do you think?" Or some similar inane question, just to get it moved back. Regarding humble bragging,...
by letsgobobby
Mon Jan 08, 2018 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: how to transfer mortgage from one trust to another
Replies: 15
Views: 870

Re: how to transfer mortgage from one trust to another

My county has indicated no special form is required. They indicate just a letter/or note should accomplish the task. My plan is to ‘refinance’ by having Trust B write a loan, and having Trust B pay off Trust A, thus paying off the loan. Then filing notice of mortgage with Trust B with the county. Do...