Search found 8981 matches

by tadamsmar
Wed Sep 30, 2020 8:57 pm
Forum: Personal Finance (Not Investing)
Topic: Joint account for convenience – inheritance issue
Replies: 20
Views: 1225

Re: Joint account for convenience – inheritance issue

Thanks to all for the responses. A couple clarifications. MIL never handled the family's money, it was handled by FIL. After FIL passed a few years ago my MIL added my wife to a couple of her accounts to handle regular expenses. She was also given authority as POA. There were fairly wide ranging in...
by tadamsmar
Wed Sep 30, 2020 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: Joint account for convenience – inheritance issue
Replies: 20
Views: 1225

Re: Joint account for convenience – inheritance issue

My mother-in-law is 99 years old and in poor health. A few years ago she had a checking and savings account retitled as joint accounts for convenience with my wife. Paperwork from the bank with signatures of all parties are on record. Can this account be used to pay for end of life expenses (hospit...
by tadamsmar
Thu Sep 24, 2020 9:36 am
Forum: Personal Investments
Topic: How to get $200,000 into the market (dollar cost averaging or...)
Replies: 40
Views: 3374

Re: How to get $200,000 into the market (dollar cost averaging or...)

I have $200K in my Vanguard settlement fund I want to get into VTSAX and VBTLX. I feel bad that its just sitting there but in the interest of not trying to time the market I think I should trickle it in using dollar cost averaging. Love to hear thoughts surrounding this. 1- how fast or slow should ...
by tadamsmar
Fri Sep 18, 2020 7:56 pm
Forum: Investing - Theory, News & General
Topic: Finally! Can we lay DCA to rest and ban this topic forever?
Replies: 506
Views: 43853

Re: Finally! Can we lay DCA to rest and ban this topic forever?

503 posts, spanning nine years, talking about not talking about dollar cost averaging? Well, that really went the other way... two posts up were 2012 missing posts from 2012-2020 until this was bumped or revived, hardly 9 nine years, 9 years dormant perhaps. But there was a 700+ post thread on the ...
by tadamsmar
Tue Sep 15, 2020 4:09 pm
Forum: Personal Investments
Topic: How much to invest in Fund that has guaranteed 4% return?
Replies: 19
Views: 2648

Re: How much to invest in Fund that has guaranteed 4% return?

I have a "stability of principal" annuity in a 403B that I got into over 25 years ago when I was a faculty member. It has a variable interest rate that can go up or down, but the lowest it can go is 4%. That's what it has been at (obviously!) for a number of years. I have a few percent of my portfo...
by tadamsmar
Thu Sep 10, 2020 9:05 pm
Forum: Investing - Theory, News & General
Topic: Study of DCA only on market down days?
Replies: 5
Views: 922

Re: Study of DCA only on market down days?

Has anyone ever conducted research on wether DCAing only on market down days vs. at random intervals makes a difference in total portfolio performance? If not, would be interesting to see the results of standard DCA, vs. DCA on down days, vs. putting all in at once. Might be too many variables to d...
by tadamsmar
Wed Sep 02, 2020 2:54 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 5808
Views: 1383933

Re: What Movie Have You Recently Watched?

Just watched the new movie "All Together Now" on Netflix. We liked it a lot. Recommend it to all but perhaps little kids, it is PG.
by tadamsmar
Fri Aug 28, 2020 8:16 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella Insurance - Worst Case
Replies: 142
Views: 9811

Re: Umbrella Insurance - Worst Case

I've just started thinking about umbrella insurance and I'm wondering if I should get it. About me: Married, 27 & 25 $550,000 Net Worth (almost all in stock index funds, otherwise bank) No debt $160,000 Income $120,000 Spouse Income $90,000 Annual Spending (conservative guess based on past spending...
by tadamsmar
Thu Aug 27, 2020 8:08 am
Forum: Personal Finance (Not Investing)
Topic: Cousin died He did not leave a will
Replies: 85
Views: 11263

Re: Cousin died He did not leave a will

by Bobby206 » Tue Aug 25, 2020 4:11 pm I have fairly significant experience with this stuff so will agree with much of the above. Definitely agree with above that the California courts are slow right now. After 3 months of closures, in most counties, they are way behind. Some courts literally didn'...
by tadamsmar
Mon Aug 24, 2020 8:08 pm
Forum: Personal Finance (Not Investing)
Topic: Cousin died He did not leave a will
Replies: 85
Views: 11263

Re: Cousin died He did not leave a will

Just want to comment on your plan to gather information before you "commit to anything". I am pretty sure you can become the administrator and then resign at any time. If I were you, I might "commit" and then gather information if there were going to be any legal, travel or other expenses in the in...
by tadamsmar
Mon Aug 24, 2020 6:23 am
Forum: Personal Finance (Not Investing)
Topic: Cousin died He did not leave a will
Replies: 85
Views: 11263

Re: Cousin died He did not leave a will

My cousin just has the keys nothing else. In this respect my cousin is just letting the house go. If you are actually saying "my cousin is doing nothing", then I now understand what you meant by "letting the house go". I've never heard that phrase used with that context. My assumption was that your...
by tadamsmar
Sun Aug 23, 2020 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: Cousin died He did not leave a will
Replies: 85
Views: 11263

Re: Cousin died He did not leave a will

And I think others could use whatever money that may come out of this. I am dubious of the idea that being an estate administrator is charity work. My experience with these matters is that it is almost 100% a business financial process governed by regulations. I find that relatives are always uncom...
by tadamsmar
Sun Aug 23, 2020 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: Cousin died He did not leave a will
Replies: 85
Views: 11263

Re: Cousin died He did not leave a will

If I were you and I thought I was an heir and that I might inherit something, I would do one of the following: 1. Volunteer to be the executor. 2. Recruit someone to be the executor, if thought that was best. 3. Ask the presiding probate court to get on with it and choose an executor. If you have a...
by tadamsmar
Sun Aug 23, 2020 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: Cousin died He did not leave a will
Replies: 85
Views: 11263

Re: Cousin died He did not leave a will

Duplicate post
by tadamsmar
Sun Aug 23, 2020 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: Cousin died He did not leave a will
Replies: 85
Views: 11263

Re: Cousin died He did not leave a will

If I were you and I thought I was an heir and that I might inherit something, I would do one of the following: 1. Volunteer to be the administrator. 2. Recruit someone to be the administrator, if thought that was best. 3. Ask the presiding probate court to get on with it and choose an executor. If y...
by tadamsmar
Sun Aug 23, 2020 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: Cousin died He did not leave a will
Replies: 85
Views: 11263

Re: Cousin died He did not leave a will

My cousin with the Keys was indeed the closet to our now deceased cousin. I am pretty tight with this key cousin. For a while, as a kid he came to live with my family. He is the one that called me up. He expressed his apprehension about the whole daunting process. He did the initial contact with a ...
by tadamsmar
Sun Aug 23, 2020 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: Cousin died He did not leave a will
Replies: 85
Views: 11263

Re: Cousin died He did not leave a will

I think that the Cousin with the keys is and should be the “Key Cousin.” > You have some personal relationship with him. > You have more time available (because you are retired). > And you are willing to participate. I suggest that you offer your full support and assistance to the Key Cousin. If he...
by tadamsmar
Sun Aug 23, 2020 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: Cousin died He did not leave a will
Replies: 85
Views: 11263

Re: Cousin died He did not leave a will

With Covid-19, and me not being local to the property, I am trying to get an idea of what I am up against. This would vary by county but last year in my county in California, probate court hearings were being scheduled 11 months out. The estate representative will have to send notices to every cous...
by tadamsmar
Sat Aug 22, 2020 7:40 pm
Forum: Personal Finance (Not Investing)
Topic: Cousin died He did not leave a will
Replies: 85
Views: 11263

Re: Cousin died He did not leave a will

My cousin passed away this last April. He did not leave a will. He was the last of his family. He had a house that was completely paid for. Zillow show the house worth around $280k. He had no other assets. At present no one is attending to the house. One of my cousins that use to look in on him has...
by tadamsmar
Thu Aug 20, 2020 6:39 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 5808
Views: 1383933

Re: What Movie Have You Recently Watched?

Once upon a time in the West, another Sergio Leon movie, not a Clint Eastwood movie. A classic, of course. If there were such a thing as a required movie-viewing list, this would be on it. After all these years, two things jump to the top of my memories of it: The opening sequence. I won't try to d...
by tadamsmar
Thu Aug 20, 2020 6:11 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 5808
Views: 1383933

Re: What Movie Have You Recently Watched?

Once upon a time in the West, another Sergio Leon movie, not a Clint Eastwood movie. A classic, of course. If there were such a thing as a required movie-viewing list, this would be on it. After all these years, two things jump to the top of my memories of it: The opening sequence. I won't try to d...
by tadamsmar
Thu Aug 20, 2020 6:11 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 5808
Views: 1383933

Re: What Movie Have You Recently Watched?

Once upon a time in the West, another Sergio Leon movie, not a Clint Eastwood movie. A classic, of course. If there were such a thing as a required movie-viewing list, this would be on it. After all these years, two things jump to the top of my memories of it: The opening sequence. I won't try to d...
by tadamsmar
Wed Aug 19, 2020 1:37 pm
Forum: Investing - Theory, News & General
Topic: How does one respond to this ethical/emotional critique of indexing?
Replies: 57
Views: 4218

Re: How does one respond to this ethical/emotional critique of indexing?

I have come across an article by a money manager who has a blog in which he praises active management and he tends to criticise indexing, including on an ethical basis it would seem. For example, in this article, which takes the form of a dialogue: https://moiglobal.com/bogles-truth-buffetts-dud-20...
by tadamsmar
Tue Aug 18, 2020 1:15 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 5808
Views: 1383933

Re: What Movie Have You Recently Watched?

Once upon a time in the West, another Sergio Leon movie, not a Clint Eastwood movie. A classic, of course. If there were such a thing as a required movie-viewing list, this would be on it. After all these years, two things jump to the top of my memories of it: The opening sequence. I won't try to d...
by tadamsmar
Sun Aug 16, 2020 8:17 pm
Forum: Personal Consumer Issues
Topic: USPS shipping: Caveat Emptor
Replies: 79
Views: 4853

Re: USPS shipping: Caveat Emptor

Here are some guidelines for when to contact USPS customer service: https://faq.usps.com/s/article/Delayed-Mail-and-Packages Perhaps being a squeaky wheel speeds up delivery. Also, there is a free "Informed Delivery" system that help you check on the status of incoming mail online: https://informedd...
by tadamsmar
Fri Aug 14, 2020 7:57 am
Forum: Personal Investments
Topic: I don't understand bonds
Replies: 27
Views: 2260

Re: I don't understand bonds

From the article: Bogle also suggests that, during the retirement distribution phase, you include as a bond-like component of your wealth and asset allocation the value of any future pension and Social Security payment you expect to receive. Did not known that! Now, since I'm European and social se...
by tadamsmar
Wed Aug 12, 2020 9:37 am
Forum: Investing - Theory, News & General
Topic: Anyone abandoning trend following and/or dual momentum approaches?
Replies: 81
Views: 4841

Re: Anyone abandoning trend following and/or dual momentum approaches?

Whether it will continue to work future environments, and whether investors will stick to it after getting whipsawed, is another matter. There are behavioral pitfalls for all strategies, but it does seem that the fear/pain of whipsaws makes trend following/momentum approaches difficult for many inv...
by tadamsmar
Tue Aug 11, 2020 9:02 pm
Forum: Investing - Theory, News & General
Topic: Bogleheads blog: a new rebalancing study
Replies: 143
Views: 10994

Re: Bogleheads blog: a new rebalancing study

There is a pretty good argument for not rebalancing a portfolio at all, as I remember John Bogle made similar comments. Saint Jack seemly contradicted that in saying we should hold our age in bonds. Peter Abelard gave advice on how to resolve the apparent contractions in the writings of the saints ...
by tadamsmar
Tue Aug 11, 2020 7:42 pm
Forum: Investing - Theory, News & General
Topic: Bogleheads blog: a new rebalancing study
Replies: 143
Views: 10994

Re: Bogleheads blog: a new rebalancing study

There is a pretty good argument for not rebalancing a portfolio at all, as I remember John Bogle made similar comments. Saint Jack seemly contradicted that in saying we should hold our age in bonds. Peter Abelard gave advice on how to resolve the apparent contractions in the writings of the saints ...
by tadamsmar
Tue Aug 11, 2020 2:17 pm
Forum: Investing - Theory, News & General
Topic: Bogleheads blog: a new rebalancing study
Replies: 143
Views: 10994

Re: Bogleheads blog: a new rebalancing study

As I expressed in this post , I also am not a big fan of those assertions that rebalancing is about controlling risk. For me, it is really dead simple, rebalancing is about staying the course , i.e. come back to one's target AA when things start to drift away from it. There are many reasons for whi...
by tadamsmar
Mon Aug 10, 2020 9:38 am
Forum: Investing - Theory, News & General
Topic: Anyone abandoning trend following and/or dual momentum approaches?
Replies: 81
Views: 4841

Re: Anyone abandoning trend following and/or dual momentum approaches?

I'm well ahead of buy-and-hold YTD for 100% U.S. stock and definitely for a globally weighted 100% stock AA, so I'm definitely not abandoning my approach. As long as U.S. large-cap growth was included as one of the investable tickers, the very simple 7 month relative strength approach that is the b...
by tadamsmar
Mon Aug 10, 2020 6:16 am
Forum: Investing - Theory, News & General
Topic: Anyone abandoning trend following and/or dual momentum approaches?
Replies: 81
Views: 4841

Re: Anyone abandoning trend following and/or dual momentum approaches?

I'm well ahead of buy-and-hold YTD for 100% U.S. stock and definitely for a globally weighted 100% stock AA, so I'm definitely not abandoning my approach. Here's where you told us that you definitely did abandon your approach: https://www.bogleheads.org/forum/viewtopic.php?f=10&t=270035&start=1350#...
by tadamsmar
Fri Aug 07, 2020 7:59 pm
Forum: Personal Investments
Topic: Social Security as my Bond Fund?
Replies: 70
Views: 3627

Re: Social Security as my Bond Fund?

I am and will continue to use social security as my so called bonds portion of diversification in investing. Rest of my money is Vanguard Index funds, and farm real estate we lease out. With the main vanguard fund being VITAX for the last 3 years. I am 60 years old now, going to fully retire in 2 y...
by tadamsmar
Fri Aug 07, 2020 7:40 pm
Forum: Personal Investments
Topic: Social Security as my Bond Fund?
Replies: 70
Views: 3627

Re: Social Security as my Bond Fund?

If I was going to treat SS as a Bond, I would first have to treat myself as a person who can't tell the difference between savings and cash flow. Aw, go on! Give it a shot! I don't see the point. I already have to convert savings to positive cash flow to cover the negative cash flow of consumption ...
by tadamsmar
Fri Aug 07, 2020 5:40 pm
Forum: Personal Investments
Topic: Social Security as my Bond Fund?
Replies: 70
Views: 3627

Re: Social Security as my Bond Fund?

If I was going to treat SS as a Bond, I would first have to treat myself as a person who can't tell the difference between savings and cash flow.
by tadamsmar
Fri Aug 07, 2020 4:29 pm
Forum: Personal Investments
Topic: Social Security as my Bond Fund?
Replies: 70
Views: 3627

Re: Social Security as my Bond Fund?

I don't treat SS as a Bond. One issue is that I have an asset allocation with about 50% in bonds. But SS is just an income stream. I'd have to use some kind of formula to back-convert it to a bond equivalent and that seems contrived to me. And, as others point out, I cannot re-balance that bond port...
by tadamsmar
Thu Aug 06, 2020 8:46 am
Forum: Investing - Theory, News & General
Topic: Coronavirus and the market
Replies: 4012
Views: 309814

Re: Coronavirus and the market

I am not a fan of this kind of speculation, but:
The increased probability of an approved vaccine by the end of November is underpriced by equity markets, wrote strategists including Kamakshya Trivedi in a note Wednesday.
https://finance.yahoo.com/news/goldman- ... 31552.html
by tadamsmar
Sun Aug 02, 2020 8:02 pm
Forum: Personal Investments
Topic: Soon to be maxing TSP, what to store in taxable?
Replies: 25
Views: 1484

Re: Soon to be maxing TSP, what to store in taxable?

Conventional Boglehead logic is fixed income in tax-deferred, equities in taxable. This has something to do with tax rates for dividends versus interest. Personally, I understand the logic but don't necessarily agree with that in the current climate. Equities will have greater gains, so you will be...
by tadamsmar
Thu Jul 30, 2020 1:57 pm
Forum: Personal Consumer Issues
Topic: Anyone study math, physics or science for fun?
Replies: 54
Views: 4117

Re: Anyone study math, physics or science for fun?

I am currently reading Lost in Math: How Beauty Leads Physics Astray https://www.amazon.com/Lost-Math-Beauty-Physics-Astray/dp/1541646762/ref=sr_1_1?dchild=1&keywords=lost+in+math&qid=1596136598&s=books&sr=1-1 Previously, I worked toward the the goal of being able to understand the mathematical deri...
by tadamsmar
Mon Jul 27, 2020 1:25 pm
Forum: Non-US Investing
Topic: Is it possible to copy the best hedge fund ever,The Renaissance ??
Replies: 60
Views: 6134

Re: Is it possible to copy the best hedge fund ever,The Renaissance ??

There are reports that Rennaissance Medallion used an tax avoidance method that the IRS may disallow: https://dealbreaker.com/2019/12/rentech-401k-taxes (Not sure if it has been disallowed as of yet.) Since learning about this I have wondered if the out-sized gains were based on treating taxes as pr...
by tadamsmar
Tue Jul 21, 2020 11:35 am
Forum: Personal Finance (Not Investing)
Topic: Tax implications with dissolving farm LLC
Replies: 20
Views: 1329

Re: Tax implications with dissolving farm LLC

This seems to say it is not a taxable event for some types of LLCs but not all types:

https://www.thetaxadviser.com/issues/20 ... anllc.html
by tadamsmar
Sun Jul 19, 2020 9:08 am
Forum: Investing - Theory, News & General
Topic: Burton Malkiel de-emphasizes bonds
Replies: 19
Views: 1710

Re: Burton Malkiel de-emphasizes bonds

1) I think one should completely ignore anyone who warns against "bonds" because of inflation concerns without even mentioning TIPS. I am not saying that TIPS are the answer to everything or that everyone should have them or that they have no issues. I am saying that anyone does not even mention th...
by tadamsmar
Tue Jul 14, 2020 8:31 am
Forum: Personal Finance (Not Investing)
Topic: Delaying Social Security: is the wisdom still relevant
Replies: 190
Views: 13432

Re: Delaying Social Security: is the wisdom still relevant

I am just looking for the law which says (in a pseudo computer language) TrustFund += (YearlyIncomingMoney - YearlyOutgoingMoney); if( TrustFund > 0 ){ pay everybody 100%; } else { pay everybody (YearlyIncomingMoney)/(YearlyOutgoingMoney money) %; } I have trouble believing that there is a law whic...
by tadamsmar
Mon Jul 13, 2020 10:23 am
Forum: Personal Finance (Not Investing)
Topic: Have I reach the Need for an Umbrella Policy?
Replies: 24
Views: 1999

Re: Have I reach the Need for an Umbrella Policy?

I am not a big speeder, or risk taker, so it is unlikely I will be in a situation where I caused a catastrophic accident, but you never know. I do have a 7-month-old, overly friendly puppy who is my big concern. For instance, what if she gets off the leash and goes to play with an older person and ...
by tadamsmar
Mon Jul 13, 2020 9:33 am
Forum: Personal Finance (Not Investing)
Topic: Have I reach the Need for an Umbrella Policy?
Replies: 24
Views: 1999

Re: Have I reach the Need for an Umbrella Policy?

Other Income: Own royalty rights for property in Texas. Typically receive about $1,000/month in oil royalties—note, the royalties are much, much less right now, but it has been up to $2,500/month when oil is expensive. Note that this may not be covered by personal umbrella liability insurance. It's...
by tadamsmar
Mon Jul 13, 2020 9:26 am
Forum: Personal Finance (Not Investing)
Topic: Umbrella Policy: Follow-up question
Replies: 9
Views: 675

Re: Umbrella Policy: FOLLOW UP QUESTION

OP, need all the particulars, own home(?), how many vehicles, how many driver's, any teenage driver's, etc. etc. On top of that, anything added, like a pool, anything exotic like a 12 foot python, etc? Living outside of DC is going to be a higher premium than 96% of zip codes in the the South I ima...
by tadamsmar
Sun Jul 12, 2020 7:58 pm
Forum: Personal Finance (Not Investing)
Topic: Delaying Social Security: is the wisdom still relevant
Replies: 190
Views: 13432

Re: Delaying Social Security: is the wisdom still relevant

wrongfunds wrote: Sat Jul 11, 2020 12:35 pm Are the social security checks drawn from "Trust Fund" or from the general treasury?
Both
by tadamsmar
Sun Jul 12, 2020 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: Delaying Social Security: is the wisdom still relevant
Replies: 190
Views: 13432

Re: Delaying SSi: is the wisdom still relevant

according to the latest trustees report (will try to link later), social security retirement benefits are forecasted, under current law, to be cut 24% starting in 2034. i.e. you will only get 76% of your check. this may be something for some people to factor in. for example if you are turning 62 in...
by tadamsmar
Sun Jul 12, 2020 7:56 am
Forum: Personal Investments
Topic: Thrift Savings Plan RMDs and the CARES Act
Replies: 12
Views: 1391

Re: Thrift Savings Plan RMDs and the CARES Act

Update with more clarity and flexibility: https://www.tsp.gov/covid-19/rmd-changes/ Here's my interpretation: 1. You can rollover any 2020 RMD, including January RMD. 2. You can rollover any IRA or employer account (not just back to TSP). This is finally clearly stated. 3. Deadline is August 15 for...
by tadamsmar
Sat Jul 11, 2020 10:32 am
Forum: Personal Investments
Topic: Thrift Savings Plan RMDs and the CARES Act
Replies: 12
Views: 1391

Re: Thrift Savings Plan RMDs and the CARES Act

Update with more clarity and flexibility: https://www.tsp.gov/covid-19/rmd-changes/ Here's my interpretation: 1. You can rollover any 2020 RMD, including January RMD. 2. You can rollover any IRA or employer account (not just back to TSP). This is finally clearly stated. 3. Deadline is August 31 for ...