Search found 11412 matches

by letsgobobby
Wed Sep 19, 2018 3:32 pm
Forum: Investing - Help with Personal Investments
Topic: Inherited IRA or convert to non-IRA cash
Replies: 6
Views: 332

Re: Inherited IRA or convert to non-IRA cash

Hello Bogleheads, I would like to know if an executor can sell IRA assets and convert it to non-IRA cash, in effect taking IRA distributions post-death. Then the executor would distribute to the heirs the cash and avoid the tax consequences of inherited IRAs. The decedent's has medical bills which,...
by letsgobobby
Wed Sep 19, 2018 10:22 am
Forum: Personal Consumer Issues
Topic: Should I bother meeting with a Chase Private Client Rep
Replies: 28
Views: 1939

Re: Should I bother meeting with a Chase Private Client Rep

Most of the posts here are wrong. I'm very happy with CPC. it costs me nothing as I keep the required amount invested in Vanguard admiral shares. I like the no fees for anything and when I needed a certifying officer signature for a large amount, my credit unions couldn't handle it, but CPC could. F...
by letsgobobby
Sun Sep 16, 2018 1:45 pm
Forum: Investing - Theory, News & General
Topic: Equity allocation for Flagship clients?
Replies: 46
Views: 3523

Re: Equity allocation for Flagship clients?

What does flagship status have to do with equity allocation? Is David flagship? It seems your need, ability, and desire to take risk are more relevant than your arbitrary status with one company.
by letsgobobby
Sat Sep 15, 2018 8:04 pm
Forum: Personal Finance (Not Investing)
Topic: Beneficiary unallowed in joint taxable -move to single acct?
Replies: 10
Views: 723

Re: Beneficiary unallowed in joint taxable -move to single acct?

Hello everyone, After the birth of my child, I am trying to make sure all my retirement/non retirement accounts have a beneficiary (my child) listed. I don't have a will/trust yet - I'm in the process of it. I have around $37K in a joint taxable account with my wife through Vanguard. I don’t feel s...
by letsgobobby
Sat Sep 15, 2018 11:27 am
Forum: Personal Consumer Issues
Topic: Thoughts on Car Expenditures
Replies: 19
Views: 717

Re: Thoughts on Car Expenditures

It seems that the average sales price for a car in US is around 30k. With average household income of 60k, let's make an aggressive simplifying assumption (most households have more than one car) that there is only one producer and one car per household. That's 50% of gross annual income spent on a...
by letsgobobby
Sat Sep 15, 2018 8:51 am
Forum: Investing - Help with Personal Investments
Topic: Planning to Contact Vanguard
Replies: 29
Views: 1751

Re: Planning to Contact Vanguard

To be clear, I'm looking for two plans. One is between now and retirement in 2 to 3 years(which isn't that important right now since it's only 2 to 3 years out) and the other is post-retirement (35+ years). But I'm not 100% sure that the retirement date is exactly where I think it is, hence the nee...
by letsgobobby
Fri Sep 14, 2018 1:21 pm
Forum: Investing - Theory, News & General
Topic: Argument for taking social security before 70. Comments?
Replies: 111
Views: 7250

Re: Argument for taking social security before 70. Comments?

We're less interested in squeezing every dollar out of the SSA, and more interested in using the longevity insurance feature of the program. Thus it makes sense for me as the much higher earner to delay my benefit as long as I am in average or better health, and for my spouse to take hers somewhere ...
by letsgobobby
Thu Sep 13, 2018 10:42 pm
Forum: Personal Finance (Not Investing)
Topic: If you're FI, or close to FI, are still fighting to climb the Corp. Ladder?
Replies: 118
Views: 10874

Re: If you're FI, or close to FI, are still fighting to climb the Corp. Ladder?

I reached my ultimate goal in my career at age 48. It was what I always wanted and worked for. After 3-5 years of working in this position I was FI by quite a wide margin. Did my work ethic and drive diminish? Disappointingly it did. I regret this even now after 12 years of retirement. Wish I could...
by letsgobobby
Thu Sep 13, 2018 8:46 pm
Forum: Personal Consumer Issues
Topic: Picking a Charity
Replies: 69
Views: 2644

Re: Picking a Charity

With all respect to the OP, how does a thoughtful, introspective, considered, mindful adult reach this point in his life without ever having found a single charitable cause that touches his soul?
by letsgobobby
Thu Sep 13, 2018 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: If you're FI, or close to FI, are still fighting to climb the Corp. Ladder?
Replies: 118
Views: 10874

Re: If you're FI, or close to FI, are still fighting to climb the Corp. Ladder?

The difficulty is that taking the next step careerwise after one reaches FI will almost occur in midlife. This is usually when we are at our busiest because of family/kid commitments, and also when our own mortality starts peaking at us from over the horizon. This makes the prospect of trading life ...
by letsgobobby
Thu Sep 13, 2018 11:34 am
Forum: Personal Finance (Not Investing)
Topic: If you're FI, or close to FI, are still fighting to climb the Corp. Ladder?
Replies: 118
Views: 10874

Re: If you're FI, or close to FI, are still fighting to climb the Corp. Ladder?

I reached my ultimate goal in my career at age 48. It was what I always wanted and worked for. After 3-5 years of working in this position I was FI by quite a wide margin. Did my work ethic and drive diminish? Disappointingly it did. I regret this even now after 12 years of retirement. Wish I could...
by letsgobobby
Thu Sep 13, 2018 12:30 am
Forum: Investing - Help with Personal Investments
Topic: Hypothetical Question - Market Timing
Replies: 43
Views: 2354

Re: Hypothetical Question - Market Timing

DeadPoets wrote:
Wed Sep 12, 2018 1:00 am
This is strictly a hypothetical situation for educational purposes only.
...
FWIW, I do think the market is going to take a pretty big hit in the next year or 2. That's why I'm hesitant to get in now.
Not actually hypothetical then, is it.
by letsgobobby
Sun Sep 09, 2018 6:33 am
Forum: Personal Finance (Not Investing)
Topic: How much do bogleheads save in 529?
Replies: 79
Views: 4451

Re: How much do bogleheads save in 529?

Dear Bogleheads, I was listening to Ric Edelman recently and he was predicting that cost of college education might become free in the next 18 years. Similar to what NYU has done in making medical education free, he felt that many institutions with large endowments such and Harvard and Yale will fo...
by letsgobobby
Fri Sep 07, 2018 1:07 pm
Forum: Investing - Help with Personal Investments
Topic: Max you should invest in a 529?
Replies: 181
Views: 9765

Re: Max you should invest in a 529?

529 can be used as an estate planning tool. You basically have a tax-free scholarship fund for your future generations. I don't believe leave huge inherit for children so they could buy a yacht, racing car. Education is the best investment you could ever have. another reason the affluent should use...
by letsgobobby
Fri Sep 07, 2018 12:14 pm
Forum: Investing - Help with Personal Investments
Topic: Max you should invest in a 529?
Replies: 181
Views: 9765

Re: Max you should invest in a 529?

529 can be used as an estate planning tool. You basically have a tax-free scholarship fund for your future generations. I don't believe leave huge inherit for children so they could buy a yacht, racing car. Education is the best investment you could ever have. another reason the affluent should use...
by letsgobobby
Fri Sep 07, 2018 10:54 am
Forum: Personal Finance (Not Investing)
Topic: Rent Increase or Not?
Replies: 25
Views: 2529

Re: Rent Increase or Not?

I have a rental property in which the lease is about to expire. The current tenant's have been pretty good in terms of paying on time, however I believe the rent is about 5% below market for the area on top of that I had to pay a special assessment and increased HOA fee this year. I was thinking ab...
by letsgobobby
Wed Sep 05, 2018 10:52 pm
Forum: Investing - Help with Personal Investments
Topic: Max you should invest in a 529?
Replies: 181
Views: 9765

Re: Max you should invest in a 529?

the tax savings are concentrated in the avoidance of LTCG at the end of the race, not the relatively minor tax drag along the way. if we liquidated our 529s today, we’d avoid enough federal income taxes to pay for three years of tuition at our flagship university. even for a Boglehead, that’s not p...
by letsgobobby
Wed Sep 05, 2018 7:44 pm
Forum: Investing - Help with Personal Investments
Topic: Max you should invest in a 529?
Replies: 181
Views: 9765

Re: Max you should invest in a 529?

I think fear of taxes and obsession with tax avoidance opportunities / tax sheltered accounts tends to bias people's views on 529s a bit. For most folks paying 15% on QDI/LTCG, annual tax drag on US total stock market yield of ~1.8% is 27 bps, or $27/yr for every $10k invested in a taxable account....
by letsgobobby
Tue Sep 04, 2018 11:13 pm
Forum: Personal Consumer Issues
Topic: How much do you spend on kids extracurriculars?
Replies: 85
Views: 4581

Re: How much do you spend on kids extracurriculars?

We just did the schedule for the fall, and I feel we have gone off the deep end. Estimated on annual basis, and including summer sports and activities, we seem to be spending ~$1100 per month, or on average $550 per kid. Our biggest spend bucket. Is this as off the charts as I think it is? I am sur...
by letsgobobby
Tue Sep 04, 2018 4:16 pm
Forum: Personal Consumer Issues
Topic: Daily Driver (Car) Over 100K Miles?
Replies: 96
Views: 6849

Re: Daily Driver (Car) Over 100K Miles?

I own an older Subaru Forester with > 100K miles. I recently spent $750 on a timing belt replacement so probably will keep the car 'til it dies. Who else has a high mileage vehicle that's used as a daily driver? What type of vehicle is it, and how do you decide when to sell it? Do you buy another c...
by letsgobobby
Tue Sep 04, 2018 12:04 pm
Forum: Personal Consumer Issues
Topic: When do you drop collision insurance?
Replies: 52
Views: 2835

Re: When do you drop collision insurance?

If you can afford to drop collision in a $2500 vehicle, you can afford to raise the deductible to $1000+, right?
by letsgobobby
Tue Sep 04, 2018 9:35 am
Forum: Personal Consumer Issues
Topic: When do you drop collision insurance?
Replies: 52
Views: 2835

Re: When do you drop collision insurance?

my collision costs $99 per year and the car is worth $3000 so I keep it.
by letsgobobby
Fri Aug 31, 2018 8:37 am
Forum: Personal Finance (Not Investing)
Topic: How do you store financial account information with your estate plan?
Replies: 51
Views: 3198

Re: How do you store financial account information with your estate plan?

Having helped settle an estate recently, I was fortunate in that I knew where their 401k/IRA/bank accounts were held at. They also received mostly paper statements instead of electronic for knowing who had the mortgage, etc. That isn't the case for me, and if something happened, my successor truste...
by letsgobobby
Fri Aug 31, 2018 2:11 am
Forum: Personal Finance (Not Investing)
Topic: Last Will and testament involving very young children and 7 figure estate. What have you done?
Replies: 15
Views: 2069

Re: Last Will and testament involving very young children and 7 figure estate. What have you done?

Hello Wise bogleheads, Doing a bit of spring cleaning with my finances and need to create a will. (yes, I don't have one. Shame on me.) Wondering when an online generic Will is inappropriate. We have a low 7 figure net worth and everything will go to spouse upon my passing, and visa versa. Easy pea...
by letsgobobby
Thu Aug 30, 2018 7:36 pm
Forum: Investing - Help with Personal Investments
Topic: Looking to park 1m into Vanguard IRA
Replies: 7
Views: 1324

Re: Looking to park 1m into Vanguard IRA

susa wrote:
Thu Aug 30, 2018 7:25 pm
The entire sum is in an interest paying account, ie. 5%, not in a fund of any kind.

It is all or nothing.
There is nothing equivalent at Vanguard or anywhere else.
by letsgobobby
Thu Aug 30, 2018 4:32 pm
Forum: Personal Consumer Issues
Topic: Gardening 2018
Replies: 68
Views: 6578

Re: Gardening 2018

Not a great year for us. Got a few week late start in the spring due to failed seeds starter in the house, then some travel. Then rabbits, crows, and deer annhilated our starts and we had to start over. We finally started getting tomatoes about the 10th of August, and they’re great as usual. But bro...
by letsgobobby
Thu Aug 30, 2018 3:58 pm
Forum: Personal Consumer Issues
Topic: Piano for a child
Replies: 60
Views: 3082

Re: Piano for a child

I'd buy a used digital piano for $200 til she needs something better.
by letsgobobby
Thu Aug 30, 2018 11:58 am
Forum: Personal Consumer Issues
Topic: Mega Downsize....
Replies: 91
Views: 8311

Re: Mega Downsize....

DW and I have decided (along with our high school daughter) that's it's time for a major "downsize/declutter" mission. We've honestly been pack rats and gatherers for the past 20 years and it has to stop - NOW! :D This is not going to be an easy accomplishment. It's not so much that the things we'v...
by letsgobobby
Tue Aug 28, 2018 9:46 pm
Forum: Investing - Theory, News & General
Topic: Done saving for retirement according to firecalc?
Replies: 51
Views: 4805

Re: Done saving for retirement according to firecalc?

You didn't tell us your annual expenses... Do you want us to just guess?

:)
by letsgobobby
Tue Aug 28, 2018 8:39 pm
Forum: Personal Finance (Not Investing)
Topic: Real estate dropping like a rock in U.K. - can the U.S. be far behind?
Replies: 66
Views: 11644

Re: Real estate dropping like a rock in U.K. - can the U.S. be far behind?

Like another poster, you didn't read carefully. Prices are declining since the spring peak and this cannot be explained by seasonal factors.
by letsgobobby
Tue Aug 28, 2018 11:46 am
Forum: Personal Finance (Not Investing)
Topic: How do you 7 figure guys organize multiple accounts?
Replies: 164
Views: 11708

Re: How do you 7 figure guys organize multiple accounts?

Dear wise bogleheads, What are your thoughts on the security of financial tools to organize your various accounts, such as Personal Capital or Mint? Our money is spread in so many places now (His and her 401ks, old 401ks, IRAs, HSAs, checking, MM, brokerage etc) it is a total pain to log into 10 di...
by letsgobobby
Sat Aug 25, 2018 8:35 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard as trustee
Replies: 64
Views: 9100

Re: Vanguard as trustee

https://riverviewtrust.com/we-can-help/investment-management-planning/ I don’t have a copy of the portfolios, but I looked over several and they are almost exclusively Vanguard, Fido, and DFA funds. Thanks. It's kind of hard to tell how they'll invest from their website/brochures. Using Vanguard an...
by letsgobobby
Sat Aug 25, 2018 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard as trustee
Replies: 64
Views: 9100

Re: Vanguard as trustee

https://riverviewtrust.com/we-can-help/ ... -planning/

I don’t have a copy of the portfolios, but I looked over several and they are almost exclusively Vanguard, Fido, and DFA funds.
by letsgobobby
Sat Aug 25, 2018 9:25 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard as trustee
Replies: 64
Views: 9100

Re: Vanguard as trustee

We recently updated our estate plan and changed from Vanguard to a local trust company. As our estate got more complex we discovered some of Vanguard's inflexibility in this department. Our local trust company charges 1% up to $3 million and 0.6% thereafter. This is an all inclusive fee including ta...
by letsgobobby
Fri Aug 24, 2018 8:34 pm
Forum: Personal Finance (Not Investing)
Topic: how much more we should put in 529?
Replies: 24
Views: 2950

Re: how much more we should put in 529?

Over the last three years how has $140k grown to only $160k? Are you invested very conservatively? You may need to invest more to meet your goals if you have a very conservative asset allocation. If you do want to pay for private University and grad school in 14+ years you could save more, maybe ano...
by letsgobobby
Fri Aug 24, 2018 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: how much more we should put in 529?
Replies: 24
Views: 2950

Re: how much more we should put in 529?

How much is in it now?

Are you thinking of having more kids?
by letsgobobby
Thu Aug 23, 2018 1:42 pm
Forum: Personal Consumer Issues
Topic: Test your cognitive biases
Replies: 89
Views: 5258

Re: Test your cognitive biases

As a shrink with an interest in behavioral finance and personal finance, I would have been humiliated by any score below the top. Fortunately that did not happen and I can go back to my job next week with no shame. You took a risk without a potential reward? that's irrational. I confirmed my (likel...
by letsgobobby
Thu Aug 23, 2018 12:30 pm
Forum: Personal Consumer Issues
Topic: Test your cognitive biases
Replies: 89
Views: 5258

Re: Test your cognitive biases

As a shrink with an interest in behavioral finance and personal finance, I would have been humiliated by any score below the top. Fortunately that did not happen and I can go back to my job next week with no shame.
by letsgobobby
Thu Aug 23, 2018 8:22 am
Forum: Investing - Help with Personal Investments
Topic: Inheriting Roth IRAs – How to Calculate RMDs
Replies: 12
Views: 1024

Re: Inheriting Roth IRAs – How to Calculate RMDs

Barring emotion, "financial sense" would have told me to instruct them to send the check as early as possible each year. Do whatever suits you. I'm not here to judge. I thought that, for non-spouse beneficiaries, the RMD was calculated based on the value of the IRA on December 31. If so, doesn't th...
by letsgobobby
Thu Aug 23, 2018 4:44 am
Forum: Investing - Help with Personal Investments
Topic: Inheriting Roth IRAs – How to Calculate RMDs
Replies: 12
Views: 1024

Re: Inheriting Roth IRAs – How to Calculate RMDs

My understanding is that the beneficiary of a Roth IRA must withdraw (annually) an RMD. That RMD would be: Assuming the beneficiary is 40 years old. Assuming the life expectancy tables show 90 years old for that beneficiary. Assuming the Roth IRA is valued at date of donors death to be $100,000. Th...
by letsgobobby
Thu Aug 23, 2018 1:09 am
Forum: Investing - Help with Personal Investments
Topic: Inheriting Roth IRAs – How to Calculate RMDs
Replies: 12
Views: 1024

Re: Inheriting Roth IRAs – How to Calculate RMDs

As you see even if the account makes back the RMD you take out, because each year you have to take out more the value will eventually go down. I plan on my inherited Roth IRA making back much more than the RMD each year. Good luck with that, it might even work for the first 10 or 15 years but event...
by letsgobobby
Wed Aug 22, 2018 11:10 pm
Forum: Personal Consumer Issues
Topic: Good Non-Boring Boglehead Cars Under $30k
Replies: 215
Views: 12053

Re: Good Non-Boring Boglehead Cars Under $30k

Consumer Reports rates the 2015-2016 GTI as "two arrows pointing down". This is compared to the Accord with "two arrows pointing up." Not sure how to quantify the difference. Also I'm most interested in long term reliability ie years 6-15. My current Toyota at 200k miles and 12 years has had two rep...
by letsgobobby
Wed Aug 22, 2018 11:01 pm
Forum: Investing - Help with Personal Investments
Topic: Inheriting Roth IRAs – How to Calculate RMDs
Replies: 12
Views: 1024

Re: Inheriting Roth IRAs – How to Calculate RMDs

Jablean wrote:
Wed Aug 22, 2018 10:47 pm

As you see even if the account makes back the RMD you take out, because each year you have to take out more the value will eventually go down.
I plan on my inherited Roth IRA making back much more than the RMD each year.
by letsgobobby
Wed Aug 22, 2018 1:24 pm
Forum: Personal Consumer Issues
Topic: Good Non-Boring Boglehead Cars Under $30k
Replies: 215
Views: 12053

Re: Good Non-Boring Boglehead Cars Under $30k

VW GTI as in the Golf? I test drive the TDI a few years ago and liked it.

Which version do you recommend? Assume I want a manual. How quiet are they?
by letsgobobby
Wed Aug 22, 2018 10:42 am
Forum: Personal Consumer Issues
Topic: Good Non-Boring Boglehead Cars Under $30k
Replies: 215
Views: 12053

Re: Good Non-Boring Boglehead Cars Under $30k

As a rule the German cars are not as reliable as the Japanese. I suppose there are a few exceptions. Can anyone name a vehicle which is fun, really reliable, practical as a DD, and quiet , for under $30k? GTI is pretty quiet if you disable the soundakator fake engine noise. Reliability is fairly go...
by letsgobobby
Wed Aug 22, 2018 10:24 am
Forum: Personal Finance (Not Investing)
Topic: Do we need a trust?
Replies: 7
Views: 839

Re: Do we need a trust?

Two million is enough to use a trust, and the titling takes some time but isn't difficult. Whether a trust is necessary is a different question. It might depend on your daughter. Is she qualified to manage money? Is she responsible with it? Does she have unusual liability exposure? What are the esta...