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New update 6:15pm ET Sunday from the Fed: https://www.federalreserve.gov/newsevents/pressreleases/monetary20230312a.htm "creation of a new Bank Term Funding Program (BTFP), offering loans of up to one year in length to banks, savings associations, credit unions, and other eligible depository institutions pledging U.S. Treasuries, agency debt and mortgage-backed securities, and other qualifying assets as collateral. These assets will be valued at par." "to enable the FDIC to complete its resolution of Silicon Valley Bank in a manner that fully protects all depositors, both insured and uninsured" :sharebeer BUT it’s not a bailout…. ??? I don’t understand Government. "Shareholders and certain unsecured debtholders wil...

To add to these replies, in my experience banks tie things to the trustees SSN, so for example, it may not be possible to create a second login just for the trust, and the trustee will see their personal account and the trust account, which may or may not be what they would prefer.

They can just embrace an understanding that each individual entity investing in these markets is managing toward a different target balance of various risks and risk premiums than a non-existent hypothetical global weighted-average investor. But for whatever reason, when the exact same concept is applied to the idea you might want a different target balance of various risks and risk premiums in your stock portfolio than the non-existent hypothetical global weighted-average investor, it becomes a heresy, not just a logical extension of the exact same thinking behind, say, the construction of "total bond" (which in fact excludes many forms of fixed income). I think what you say makes sense, but to my mind, there is a difference. An...

I undrstand tilting to small cap value does not guarantee out performance, but historically, over 20+ year periods, has typically done so. I've also seen some figures estimate the SCV factor. However, I haven't seen figures estimating the potential advantage for a SCV-tilted account. So my questions are: 1. What % out performance do people hope for (assuming the better end of historical outcomes) when tilting for SCV? 2. What's the magnitude of the potential under performance? I'm just trying to determine if this is worth the complexity. I understand the future is unknowable, but what is the magnitude of the potential perceived possible benefit here? I tilt for diversification, not necessarily "potential perceived possible" :wink...

you have to have a strong stomach for small cap value if you are expecting it to outperform (and not just doing it to diversify). If you are the type to constantly compare your tilts to the S&P 500 or such, it isn't for you (probably no tilt is). Imagine your SCV allocation underperforming for nearly 20 years. Think about what you were doing 20 years ago and now imagine for the bulk of that 20 years to today your SCV allocation was underperforming almost all of the time and every time you rebalanced, you were pumping money into SCV and not the other way around. Year after year you question why did you tilt in the first place while the thought of "simplifying" your portfolio and going all-market beckons to you. You, like many ...

One might also toss VSMGX and DGSIX into portfoliovisualizer.com and see various results. My conclusion is that a small-cap and value-tilted strategy is NOT a buy-and-hold strategy. One must be able to strategically buy-and-sell investments (i.e. rebalance) for a SCV-tilted portfolio to outperform a TSM portfolio. A second conclusion is that portfoliovisualizer only has month-end prices, so it fails to take into account intra-month opportunities (RBDs!!) and prices which makes it rather useless to me. So I think this thread has so far convinced me to keep it simple and skip a SCV tilt, but for the sake of my curiosity, what sort of rebalancing strategy do you think is appropriate for this? For example, let’s say I have a $100K IRA which is...

enad wrote: ↑Fri Feb 10, 2023 4:25 am If you haven't read Jack Bogle's speech titled The Telltale Chart

It would be a good time as Jack discusses several "tilts" and explains them away.

Best Wishes
Enad

Thank you for the link - a very helpful read.

What % out performance do people hope for (assuming the better end of historical outcomes) when tilting for SCV? Historically, it's been ~.25% increase in CAGR w/ 25% of US equities in SCV, and ~.5% increase in CAGR w/ 50% of US equities in SCV if you look from 1987 on. But if you start a decade or so further back, then it was 1%-1.75% increase in CAGR depending on 25-50% of US equities in SCV. I'd imagine most people who have performance expectations in mind are "hoping" for something in the 1-2% range as far as increased rate of return over a 50-year investment period. Thanks, very helpful. A couple of questions if you don't mind: 1. When people talk about tilt %s, how is it calculated? For example, if I hold 64% US Stock / 16%...

The fee for PlanVision and Pralana Gold is so low its worth trying to see if they meet your needs before using more expensive options. If after you use either you still feel the need for a more personal touch you can do that, and go in being a lot smarter about what your needs and wants are. Right…. I always kinda chuckle at Bogleheads, meaning take a BH with a million dollar portfolio. At 50 or 100 basis points for an AUM advisor thats $5K to $10k per year saved and they agonize over a couple hundred bucks for Planvision, Pralana, Maxifi, etc. Try them all for a year or two or even three and you are still thousands of dollars in the green in terms of fees. While I agree... And am a happy PlanVision customer... I will note that I almost wa...

I was fitting the NIFTY 50 Daily Log Returns (To be more precise Returns in this case refers to the Log of 1+Returns rather than Log of Returns as Log cannot be taken of negative values which returns can be) from 2013-2023 to Asymmetric Laplace Distribution and I found the closest fit to the Empirical Distribution is the ALD with these parameters: Location (µ) = 0.13%, Scale (b) = 0.74% and Asymmetry Parameter (k) = 1.0565 . I was wondering though whether the ALD with these parameters is having Finite Variance or Infinite Variance as the Wiki article on the Log-Laplace Distribution is suggesting that depending on the parameters the Log-Laplace Distribution can be having infinite/finite variance. I read the paper linked in the article which...

I understand tilting to small cap value does not guarantee out performance, but historically, over 20+ year periods, has typically done so. I've also seen some figures estimate the SCV factor. However, I haven't seen figures estimating the potential advantage for a SCV-tilted account. So my questions are:

1. What % out performance do people hope for (assuming the better end of historical outcomes) when tilting for SCV?

2. What's the magnitude of the potential under performance?

I'm just trying to determine if this is worth the complexity. I understand the future is unknowable, but what is the magnitude of the potential perceived possible benefit here?

If one finds out that they're going to be in the same tax bracket when they retire in a couple of years, is it worth it to keep putting money into tax-deferred account (401k)? A Roth IRA isn't available. A Roth 401k is. What I'm most curious to know is, is tax deferral still worth it? How do you know you will be in the same bracket? Seems unlikely. But assuming so, then you should be indifferent between traditional and Roth, but both are better than investing in taxable. If you were somehow 100% sure your bracket would be the same, then I would personally go for Roth since it eliminates the mental overhead of thinking about taxes. Assuming you go with traditional, yes the tax deferral is still worth it, since the dividends can compound tax...

ilikebbqpizza wrote: ↑Mon Feb 06, 2023 8:53 pm Yes, we're definitely looking into the different ABLE accounts now. And that's good to know about the additional contribution allowance!

David_w wrote: ↑Mon Feb 06, 2023 8:12 pm Is your trust a 1st party or 3rd party?

1/3 is in a third party. The rest is in a first party. I didn't know if there was much of a difference, but I should have specified.

This may give you helpful background: https://www.specialneedsalliance.org/th ... -trusts-2/

Trusts aren't tax-exempt and have fairly steep taxes, so I've learned I need to be more careful about my investments there. Before considering taxes I was gonna just go with FSKAX, FTIHX, and FXNAX (something like 65%, 25%, 10%, respectively). I've read a little bit about taxes with ETFs vs mutual funds and various investment vehicles but honestly, it all just gives me a headache. What are the details of this trust? Who is the settlor/grantor? Is it your money that was put in or a third party? What do the distribution provisions say? In any event, to answer your questions: 1. In a taxable account (including in this trust), for tax efficiency, people recommend either Vanguard mutual funds or ETFs for stock funds. I'm not sure how large the ...

Is "wizard", just another name for the calculator here :?: : https://www.treasurydirect.gov/BC/SBCPrice The only issue there is the denominations have to match those of paper bonds, so $5000, $1000, etc. It even works okay with chrome, despite their claim that it doesn't. The TD calculator seems to handle any denomination value internally (any whole dollar up to 10k).  You can save your portfolio with placeholder values first by following their instructions (press the Save button on the screen and then Ctrl-S to save to a local .html file). Then you can edit your .html file in an editor and change "DenominationList" to your actual values, eg <input type="hidden" name="DenominationList" value="10...

Thanks for all the replies. To answer your questions.... the front line people at Fidelity (and especially at Vanguard) cannot handle difficult, unusual things, and, even worse, will not say "i don't know how to do it" instead, they will try to do it themselves and sometimes botch the job. As one example, i needed some paperwork completed and the Private Client Group person on the phone told me i had to walk into a center to complete the paperwork. in the center, the woman had never seen the paperwork before, didn't know what to do, but still attempted to do it herself. She botched the job. I later called my rep, and he said, always send it to me, and i will make sure it is done correctly. To be clear, this doesn't happen much. M...

For example, if one were to allocate 15% of their portfolio to bonds, I am trying to evaluate buying either: - 15% intermediate term bond fund - 5% short term, 5% intermediate term, 5% long-term (or whatever proportion would blend to an identical duration as 15% intermediate term). They just average out to the same thing over the long term (but with a bumpier ride). It's like saying you want to mix black and white and gray paint together instead of just using gray. It just ends up gray anyway. https://www.portfoliovisualizer.com/backtest-asset-class-allocation?s=y&mode=1&timePeriod=4&startYear=1972&firstMonth=1&endYear=2023&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=10000&annual...

It works the same, but Vanguard (and other brokers) can have additional requirements for a trust that can be a pain in the ass.

For example:

- Vanguard PAS won't manage an irrevocable trust account unless you have at least $1M of assets (trust or non-trust) with them, which is much higher than the regular minimum.
- Vanguard requires paper forms to be signed and mailed for certain tasks that a non-trust account could just do online.

The above may or may not be true for simple revocable/grantor trusts.

I'll try to be brief. My Mother qualified for Medicaid and pays for her living in a nursing home. My Father was also in the home and passed away this summer. He was not on Medicaid but on Medicare Rehab to pay for the home. OK...when my Father died, my Mother receives an annuity that we believe is "exempt" from income that would put her above the Medicaid requirements. I'm not sure but I am not a tax wizard. My question is this? In a Medicaid nursing home (people with poverty level assets), who is required to perform tax duties for those in the home? Are the children required? Obviously most of those in a nursing home are not capable of doing their own taxes... What is your mother's age, health, and expected lifespan? Do you expe...

Why do something complicated when you can do something easy? I strongly agree that, all else equal, one should prefer simplicity and ease (that's why I have a 3-fund-ish portfolio). But I am in a high tax bracket (nearly 50% Fed and State), and there is always a balance between simplicity and over-simplifying, so I am trying to determine if this one is worth it or not. For example, having multiple types of retirement accounts (IRAs, HSAs, 401ks) and optimizing between Roth and Traditional very much makes things less easy (witness, for example, the complexity of some of these retirement planning spreadsheets), but can be worth it. For example, is it worth keeping minimal cash (3-6 months), with the rest in invested in bonds, given the likel...

Do you know how to calculate the combined duration of three bond funds you were thinking about investing in as compared with an all in one bond fund? If not, how would you know that you're ending up with the same overall duration? I assume the math is not simple, but I was planning to use PortfolioVisualizer which seems to provide a blended duration calculation (which I assume/hope is done correctly). Although it seems to be missing the duration for the Vanguard long-term fund, so thanks for flagging that, as that messes up the calculations. Alternatively, I was planning to just do equal weights of each of the three funds, and if this makes the duration somewhat shorter or longer than intermediate fund itself, just living with it, as I don...

If you hold Total Bond Market Index, you already have short-term, intermediate-term, and long-term bonds, so you get the same benefit in your portfolio. The emergency fund has a separate allocation from your retirement portfolio, just as other needs such as college funds would. (It doesn't have to be kept separate from the accounts holding the allocation; see Placing cash needs in a tax-advantaged account on the wiki.) I understand TBM has those varying maturities, but I am still struggling conceptually to understand why my proposal may be pointless or counterproductive (is it?), since it would seem like the price of TBM varies based on the average duration, whereas splitting into three funds would let me access the more price-stable porti...

I am new to thinking about investing in bond funds, and I am wondering whether it makes sense to buy multiple bond funds of varying durations, instead of a single fund of the blended duration. For example, if one were to allocate 15% of their portfolio to bonds, I am trying to evaluate buying either: - 15% intermediate term bond fund - 5% short term, 5% intermediate term, 5% long-term (or whatever proportion would blend to an identical duration as 15% intermediate term). My thinking is that the bond funds could be used, in part, as an emergency fund for unexpected expenses, with shorter duration funds being drawn from first. I assume this may be pointless if one were to instantly rebalance it back, since you would have to sell a portion of ...

But you don't necessarily need to do even that much, because just looking at their Target funds gives you an idea of what those entities have gotten from their models. NiceUnparticularMan -- thank you for these series of posts, I have found your views to be well-argued and thought provoking. With respect to Target date fund models, are there any public calculators/models that allow one to create a customized glidepath based on varying the inputs used? I ask because I am looking at certain Vanguard publications (e.g. https://www.pionline.com/assets/docs/CO108577111.PDF), which state that their glidepaths are based on two sets of inputs: asset class return projections and the average characteristics of the participant population with respect...

I would recommend munis in your situation, despite the RMD issue. You can compare the tax cost of holding bonds in an IRA until the RMD, and stocks in taxable, versus stocks in an IRA until the RMD, and bonds in taxable. Once you have taken the RMD, you will have both bonds and stocks in taxable either way, so the RMD effectively shortens the time horizon slightly if it is money you would not otherwise spend. But given your very high tax rate on stock dividends, the total tax cost of holding stocks in the taxable account for the whole time is likely higher. VTI's dividend yield is ~1.6%, and I believe I pay 33% on that (20% Fed + 3.8% NIIT + 9.3% CA), or about 0.5% in tax per year. Vanguard Total Bond's SEC Yield is 4.02% vs. Vanguard Cali...

Is there a tool like Portfolio Visualizer that allows you to input an assumed tax rate for ordinary income and capital gains distributions, and then compare two funds' relative performance over time, except with "dividends reinvested" on an after tax basis (i.e. multiply the dividends by the applicable tax rate, and only assume the remainder is reinvested)?

Or can Portfolio Visualizer do this somehow?

Regarding why I sold. There have been many questions on this. So this is a tender topic to discuss but here goes. As we went into retirement, I began to make sure my wife was at the table like never before on our finances. For most of our marriage, my updates were how much I was contributing to our 401K and her IRAs. So in retirement we both had our eyes on the markets, market TV programs, and our balances. So with Sept being so painful and more rate hikes to come, us both looking at all the red on the screen, we made the decision...easier for her than me. And we both saw our money get creamed in the dot.com and road that down. But we over allocated to tech. This time, being older, I did not want to make a decision that would compromise he...

There is no low-cost CA muni ETF, but you can use Vanguard's CA Intermediate-Term and Long-Term Tax-Exempt mutual funds at 0.09% expenses for the Admiral shares. I have seen you recommend before using a 50/50 split between Vanguard Limited-Term Tax-Exempt and Vanguard CA Long-Term Tax-Exempt (so that it puts only half of bonds in CA, but more than half of bond interest exempt from CA tax). Do you recommend any of the equivalent Fidelity funds, or are there any low-cost national limited-term muni ETFs that could be used for the first half? Normally, I recommend Total Bond Market Index (mutual fund or ETF) in an IRA/401(k) as a bond holding; this is the best-diversified, lowest-cost bond fund. But your situation is special because of your ta...

Having the percentages of your portfolio that are in taxable, tax-deferred, and Roth would be helpful to generate some feedback. Bonds typically belong in tax-deferred, but they have to go someplace, so if there isn't any room left in tax-deferred, then you have to choose Roth or taxable. If you wind up holding a significant amount of your bond funds in taxable, I'd suggest you open a Vanguard account so you can easily take advantage of Vanguard's superior offerings in this particular area. In addition to using a CA focused fund, like the intermediate or long-term tax exempt funds that Vanguard offers, you can diversify away some of the state specific risk in your bond holdings by using a nationally focused tax exempt fund such as the &quo...

Muni MM yields are cyclical. The have just surpassed my TEY for VUSXX (100% Treasuries) a couple of days ago; marginal tax rates are 22% and 9.3%. https://i.postimg.cc/G2WmQ1yK/image.png Note that the TEY for VMFXX is uncertain, because the amount of USGO is uncertain. Last year it was about 73%, so that's what I use in my TEY calculation for VMFXX, but I don't trust it, since the fund has been holding a lot in repurchase agreements, which do not count as USGO. The fund may not even meet the requirement for CA, CT and NY for any state tax exemption, so I use VUSXX in taxable instead. Based on history, it's not worth it for me to switch to VMSXX, as it will peak soon, then start its downward leg of the cycle again. Kevin How do you chart th...

I am looking for advice on how to allocate the "bond" portion of my portfolio: Debt: None. Tax Filing Status: Married Filing Jointly Tax Rate: 32 or 35% Federal, + 3.8% NIIT, 9.3% State State of Residence: CA Age: 37 Current Asset allocation: 75% stocks / 25% "bonds" Current International stock allocation: 20% of stocks Approximate size of total portfolio: low-mid 7 figures My portfolio (across retirement and taxable accounts) is basically 75% stocks (VTI/VXUS, with the latter 20% of the stock bucket), and 25% FSBXX (Fidelity's California Municipal Money Market Fund). My Roth contains stocks, and there's only 2-3% of pre-tax that I can stuff with bonds; given my high marginal rate, I therefore went with FSBXX temporarily...

I have a similar question to the author of this post, but I am still confused. I am trying to figure out if it's worth tax loss harvesting inside an irrevocable trust. The income is mandated to go to the beneficiary, with principal allowed to be distributed for HEMS. Here is where I start to be confused and could be wrong in my assumptions: I'm reading that capital gains/losses are taxed at the trust level, and do not push out to the beneficiary (except perhaps in the final year, which is not any time soon). If the trust has dividend income, the capital loss cannot offset that since the dividend income is just pushed out to the beneficiary, is that right? If so, the capital losses would not be reduced by $3k each year, correct? It's only re...

What if many years from now you develop a minor health issue commonly associated with aging and you want to blame it on this accident? Only a qualified attorney can assist you with raising insurance costs for everyone while simultaneously clearing a sizable profit for themselves for provision of their expertise. The very notion that lawyers can often (always?) achieve a larger settlement seems indicative of some problems and unfairness inherent in the system, no? Why should hiring a lawyer be the default for a competent and intelligent person in the internet age? A lawyer doesn't actually change the facts of a case. I won't be successful changing our legal system with acerbic posts on Bogleheads, but what a seemingly messed up situation. F...

I'm generally happy with Ally, but when I receive email notifications of ACH debits it's always a generic description like "DDA ACH WITHDRAWAL", and I have to log-in to see the actual description of who is withdrawing. Is there anyway to fix this or, assuming not, anyone have a recommendation for a similar bank checking account that has better notifications? There's no way to see an "actual description' without logging in. Ally did what it was supposed to do by not revealing your detailed transaction in an email. Emails are transmitted without privacy protection and they should not contain anything but a generic notification. Good job, Ally. Well, I'm not going to debate everyone about the risks of emailing sensitive informa...

Age: 37 […] Approximate size of total portfolio: low-mid 7 figures […] Current retirement assets […] Taxable 64% SPAXX (money market) You’ve got a great savings rate and a considerable nest egg, but IMO you’ve got a major blind spot with all this cash. Your main focus should be on getting the MM $$ invested as per your AA. If DCA helps you manage your anxiety, that’s great — but make a schedule for getting it invested and stick to the schedule. Only once this major piece is fixed should you turn your attention to optimizing (TLH and your other questions), as optimizing will have much less impact on your performance than getting all that cash invested. Thank you, this was a kick in the butt I needed... I've since invested a good portion of ...

I'm generally happy with Ally, but when I receive email notifications of ACH debits it's always a generic description like "DDA ACH WITHDRAWAL", and I have to log-in to see the actual description of who is withdrawing. Is there anyway to fix this or, assuming not, anyone have a recommendation for a similar bank checking account that has better notifications?

Given the relative size of the tax-advantaged vs taxable accounts, and in order to simplify, I was thinking of simplifying the tax-advantaged accounts to only hold one fund each, and in each case, a stock fund given it should hopefully grow the most over the years. Can you roll your old pre-tax 401k into your current 401k? Will the 401k accept incoming rollovers? Then you could roll your old Roth 401k into your Roth IRA. It would be two fewer funds to track. For example, I was thinking of switching the Roth IRA to 100% VTI (and getting rid of VEO/VWO), Don't put VTI there. Use a different fund/ETF to avoid potential wash sales. the Old 401K to VANG INST INDEX PLUS (VIIIX) or VANG TARGET RET 2065 (VLXVX), and the new 401K to Vanguard Target...

There is an example of a "Prime" money market fund called the "Reserve Primary Fund" that had a liquidity crisis in 2008, the investors did get back $.991 on the $1 , but after it froze in 2008 the investors might have waited until 2015 before getting that much back. That makes it sound more bleak than reality. Within about 16 months of breaking the buck, it looks like 98 cents was paid out: https://www.sec.gov/news/press/2010/2010-16.htm. So the extra 5 years was just to get the final 0.011 cents. I can't find a full list of the timing of distributions before that, but it seems like ~40% was distributed in 1-2 months after it broke the buck: http://www.mfwire.com/article.asp?storyID=19656&bhcp=1. So I think a more ...

I am trying to simplify certain aspects of my portfolio, do a general checkup, and get advice for setting an asset allocation and investing far too much excess cash (in part due to a recent windfall and in part due to nervousness over lump sum investing). Appreciate any and all advice. Emergency funds: Currently far more than necessary (not intentional). Wondering if it makes sense to just keep at least 6 months in a HYSA or SPRXX, and move the rest to bond funds? Debt: None. Tax Filing Status: Single Tax Rate: 35% Federal, 11.3% State State of Residence: CA Age: 37 Desired Asset allocation: 70-80% stocks / 20-30% bonds (but no strong view and open to advice) Desired International allocation: 0-20% of stocks (but no strong view and open to ...

VanGar+Goyle wrote: ↑Sun Sep 25, 2022 12:51 am You may have to explain a $12,000 annual inherited pension by non-spouses, that is unusual.

The decedent was entitled to a monthly pension check. There were several options that the participant was able to elect upon retirement; the one selected was a slightly lower monthly amount but with a 10-year certain period where if the plan participant passed away, the beneficiaries are still entitled to the monthly amount for the remainder of the 10-year period. I’m not sure what’s typical in the pension world.

Actually, a non spouse beneficiary of a qualified plan has the option to do a direct rollover to an inherited Roth IRA in addition to the more usual direct rollover to an inherited TIRA. Of course, such a rollover to an inherited Roth will be taxable, but if there was any non Roth after tax balance in the inherited plan, that portion should definitely be rolled to an inherited Roth in a non taxable direct rollover. Once any of these funds are rolled to an inherited TIRA, no conversion is allowed. Thank you, Alan -- this is very helpful and something I had missed. I don't believe there was any after tax balance in the plan. However, I am wondering if it makes sense for them to do two rollovers: a partial rollover into an inherited Roth IRA ...

Actually, a non spouse beneficiary of a qualified plan has the option to do a direct rollover to an inherited Roth IRA in addition to the more usual direct rollover to an inherited TIRA. Of course, such a rollover to an inherited Roth will be taxable, but if there was any non Roth after tax balance in the inherited plan, that portion should definitely be rolled to an inherited Roth in a non taxable direct rollover. Once any of these funds are rolled to an inherited TIRA, no conversion is allowed. Thank you, Alan -- this is very helpful and something I had missed. I don't believe there was any after tax balance in the plan. However, I am wondering if it makes sense for them to do two rollovers: a partial rollover into an inherited Roth IRA ...

retired@50 wrote: ↑Sat Sep 24, 2022 5:05 pm Calculator here:https://engaging-data.com/tax-brackets/

This is excellent; thank you.

I am trying to help two (adult) children tax optimize withdrawals from inherited IRAs from their recently deceased parent. As context: The deceased was entitled to a lump sum from a defined contribution plan that I understand can be rolled over by the children into inherited IRAs. The decedent had not yet reached the age that requires RMDs, such that I understand the children will have 10 years to withdrawal from the inherited IRAs, without any required annual withdrawal amount so long as the inherited IRAs are emptied by 10 years from death. I also understand they cannot convert the inherited IRAs to Roth IRAs. One child is currently unemployed and has no income. The other has lumpy employment and maybe ~$20k of annual income. Both have no...

Mid 8 figures as in roughly $50M?

At that level of wealth, regardless of whether you decide to do any exotic estate planning or not, I would certainly sit in with your sister, as well as meet with a couple well regarded estate planning attorneys at big firms in big cities, to discuss what options exist, what the benefits are, etc.

In addition to asset protection, you should consider how to pass along that wealth, estate tax considerations, etc.

Again, I’m not saying you should necessarily do any of this, but you’d be crazy to just discuss it here. Talk to a lawyer, then come back here with what you learned to discuss further

Gill wrote: ↑Mon Apr 04, 2022 8:10 pm Aren’t you using the wrong program? You’re filing a 1041 for the trust
Gill

TurboTax Business (NOT “Home and Business”) is the product line that handles 1041s.

Some ideas you can consider exploring with your lawyer: 1. While you want to bake in an order of succession now, most trusts allow the current trustee to update that order of succession. So while it’s currently you, her sister, and then the corporate trustee, if someone new and trust worthy appears (such as the spouse of one of the siblings), you can add them to the list of successor trustees at that time and in precedence to the corporate trustee. 2. Some states have the concept of a “trust protector” which allows them to replace the corporate trustee without having to go to court. So if there are friends or family members around that you don’t trust as successor trustee, perhaps you trust them enough with that role, so that a misbehaving ...

I'm in the unenviable position of helping some friends out with 1041 / trust accounting questions, and I'm getting confused by a couple of points that I was hoping this board could help clarify. There's one trust, with a single present beneficiary, and the trust instrument says that all interest must be paid to the beneficiary at least anually. I understand this makes the trust a "simple trust". - The beneficiary, however, is happy to just let the income accumulate inside the trust. Can we just check "simple trust" and be done with it (which I understand would require all of the income to be taxable to the beneficiary) or do we actually have to distribute out the income each year to the beneficiary? The latter seems to j...

There can be a great advantage to not using an agent if you know what you want. Imagine a condo for sale for $1 million, with the seller to pay a standard 6% commission ($60,000). Some people in this thread are advising to get a buyer's broker, because the selling agent will not reduce their fee even if they don't have to co-broke (split the $60k) with a buyer's agent. However, let's say it's a hot market, and the sellers broker receives two offers, one with a buyer's broker (where he would make $30k) and one without (where he makes $60k), which do you think he will be incentivized to get the seller to accept? Or maybe you offered $1 million but a competing offer came in $10k higher. You don't think the seller's agent will agree to cut his ...

Interesting, thanks. Experian works -- but I don't see a free option for TransUnion.