Search found 7618 matches

by tadamsmar
Sun Jul 15, 2018 11:21 am
Forum: Investing - Theory, News & General
Topic: Getting antsy with indexing? Reporter doing story.
Replies: 12
Views: 2826

Re: Getting antsy with indexing? Reporter doing story.

I'm fascinated with the idea that people actually getting antsy with indexing. Can't wait to read the article. Indexing is fine Cap weighting aftera 9 year bull market is scary. Full disclosure::: I am uncertain that is the reason why they are antsy .It is however why I am. Seems to me that getting...
by tadamsmar
Tue Jul 10, 2018 5:38 pm
Forum: Personal Consumer Issues
Topic: Radon
Replies: 27
Views: 1391

Re: Radon

You will probably have to disclose the positive test if you ever sell and do not remediate. Check on PA residential disclosure statements. Disclosure of positive tests is on the form I found for PA: http://www.donaldjweiss.com/Sellers-Property-Disclosure-Statement.pdf if you have smokers in the home...
by tadamsmar
Fri Jul 06, 2018 5:06 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle is not a "buy&hold at any price goose", he looks at valuations, he sold his stocks in year 2000
Replies: 48
Views: 6574

Re: Jack Bogle is not a "buy&hold at any price goose", he looks at valuations, he sold his stocks in year 2000

By reading this forum I have always felt like most users here think CAPE and other stocks valuations are useless. The only motto for many people seems to be: "buy&hold, never mind stocks valuations, just buy&hold!" Well I have just seen this video where Jack Bogle himself says he sold his stocks in...
by tadamsmar
Fri Jul 06, 2018 4:51 pm
Forum: Investing - Theory, News & General
Topic: Morningstar: prepare for a lost decade for U.S. stocks
Replies: 198
Views: 18049

Re: Morningstar: prepare for a lost decade for U.S. stocks

"Prepare for a lost decade" is timeless advice. If you have a good plan then you will be ready for that all the time.
by tadamsmar
Wed Jul 04, 2018 6:00 pm
Forum: Personal Finance (Not Investing)
Topic: Just divide what you've got by what you'll spend??
Replies: 21
Views: 2792

Re: Just divide what you've got by what you'll spend??

I know it's a rather simplistic approach, but assuming you're at or near retirement, and you have a good idea of how much you've got and how much you'll spend each year, is there anything wrong with dividing the former by the latter to get a rough idea of how long your money will (or might) last? I...
by tadamsmar
Mon Jun 25, 2018 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: Sudden appearance of multiple buyers real or negotiation tactic?
Replies: 61
Views: 4023

Re: Sudden appearance of multiple buyers real or negotiation tactic?

As mentioned earlier I’ve been negotiating to buy a new house over the past several days. The seller way overpriced and was sitting on the market for months as a result. All was going well and I brought the buyer down significantly and looked like I was about to close. Suddenly we get a strange ema...
by tadamsmar
Wed Jun 20, 2018 9:06 am
Forum: Personal Finance (Not Investing)
Topic: I don't trust my own estimate of expenses
Replies: 29
Views: 2445

Re: I don't trust my own estimate of expenses

My main tool was a DIY spreadsheet of monthly expenses. Current monthly bills are easy to determine. You need to gather some info to estimate things like groceries and eating out. Heating and cooling cost have to be estimated on a years worth of data. Harder things are house maintenance and car cost...
by tadamsmar
Tue Jun 19, 2018 9:23 am
Forum: Personal Finance (Not Investing)
Topic: Dealing with a trust in Florida
Replies: 27
Views: 1135

Re: Dealing with a trust in Florida

Yes, but what does the trust say? Does it keep it in trust for your wife's lifetime or for some period less than that or does it leave it to her outright? If the trust is simply a conduit for the Vanguard account to be paid to the trust and the trust in turn distributes to your wife I don't see any...
by tadamsmar
Tue Jun 19, 2018 9:07 am
Forum: Personal Finance (Not Investing)
Topic: Dealing with a trust in Florida
Replies: 27
Views: 1135

Re: Dealing with a trust in Florida

My wife is an only child. She is my mother in law's only beneficiary and trustee in the copy of her will and trust that we have. No other beneficiaries.
by tadamsmar
Tue Jun 19, 2018 8:24 am
Forum: Personal Finance (Not Investing)
Topic: Dealing with a trust in Florida
Replies: 27
Views: 1135

Re: Dealing with a trust in Florida

NotWhoYouThink wrote:
Tue Jun 19, 2018 8:17 am
What are the terms of the trust? Did your MIL have a specific purpose in setting up the trust as the beneficiary, or was she just following advice she didn't understand from an estate attorney?
I have not asked her. My guess is that she thinks it's necessary to avoid probate.
by tadamsmar
Tue Jun 19, 2018 8:03 am
Forum: Personal Finance (Not Investing)
Topic: Dealing with a trust in Florida
Replies: 27
Views: 1135

Re: Dealing with a trust in Florida

I wonder if it would be better to simply name my wife as the beneficiary on my mother in law's Vanguard account. I think this avoids probate without dealing with the red tape of the trust. In the current plan we would, I think, end up with a trust account at Vanguard with my wife as trustee. But may...
by tadamsmar
Mon Jun 18, 2018 9:11 pm
Forum: Personal Finance (Not Investing)
Topic: Dealing with a trust in Florida
Replies: 27
Views: 1135

Re: Dealing with a trust in Florida

My mother in law's Vanguard (taxable) account is in her name and the beneficiary is the trust. It would be better to have the account in the name of the trust so that in the event of her incapacity the trustee could manage it for her benefit. Gill (1) My wife is her POA. (2) My wife and I both have...
by tadamsmar
Mon Jun 18, 2018 8:48 pm
Forum: Personal Finance (Not Investing)
Topic: Dealing with a trust in Florida
Replies: 27
Views: 1135

Re: Dealing with a trust in Florida

My mother in law's Vanguard (taxable) account is in her name and the beneficiary is the trust. It would be better to have the account in the name of the trust so that in the event of her incapacity the trustee could manage it for her benefit. Gill (1) My wife is her POA. (2) My wife and I both have...
by tadamsmar
Mon Jun 18, 2018 8:21 pm
Forum: Personal Finance (Not Investing)
Topic: Dealing with a trust in Florida
Replies: 27
Views: 1135

Re: Dealing with a trust in Florida

My mother in law's Vanguard (taxable) account is in her name and the beneficiary is the trust.
by tadamsmar
Mon Jun 18, 2018 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: Dealing with a trust in Florida
Replies: 27
Views: 1135

Re: Dealing with a trust in Florida

Is this a revocable living (inter vivos) trust or a testamentary trust created by the will? Gill I don't think it is created by a will, there is a separate document. It's in our lock box, or at least a copy if it is there. If it i RLT, and you are designated trustee you should be able to carry out ...
by tadamsmar
Mon Jun 18, 2018 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: Dealing with a trust in Florida
Replies: 27
Views: 1135

Re: Dealing with a trust in Florida

Gill wrote:
Mon Jun 18, 2018 4:59 pm
Is this a revocable living (inter vivos) trust or a testamentary trust created by the will?
Gill
I don't think it is created by a will, there is a separate document. It's in our lock box, or at least a copy if it is there.
by tadamsmar
Mon Jun 18, 2018 4:56 pm
Forum: Personal Finance (Not Investing)
Topic: Dealing with a trust in Florida
Replies: 27
Views: 1135

Re: Dealing with a trust in Florida

It will be the same as if the dispositive provisions were in the Will. You should focus on the substantive (whether she leaves the assets to the persons she wants in a way that's tax-efficient and protects the assets from the beneficiaries' creditors and spouses) rather than the procedural. I see y...
by tadamsmar
Mon Jun 18, 2018 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: Dealing with a trust in Florida
Replies: 27
Views: 1135

Dealing with a trust in Florida

My 95 year old mother in law has her assets going to a trust: House, Vanguard account, not sure about her bank account. How hard is it to deal with a trust in Florida? I have settled estates that involved wills, but I know nothing about trusts. Not sure what is involved. Not sure how to prepare to d...
by tadamsmar
Sun Jun 17, 2018 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: Boat Liability
Replies: 7
Views: 1092

Re: Boat Liability

Apparently, taking a boating course can lower your insurance, google the topic. See, for instance:

http://americanboating.org/boating_ed_l ... emiums.asp
by tadamsmar
Sat Jun 16, 2018 9:19 pm
Forum: Personal Finance (Not Investing)
Topic: Boat Liability
Replies: 7
Views: 1092

Re: Boat Liability

The Power Squadron seems to be a good source on boat insurance.
by tadamsmar
Sat Jun 16, 2018 9:08 pm
Forum: Personal Finance (Not Investing)
Topic: Boat Liability
Replies: 7
Views: 1092

Re: Boat Liability

I don't think an umbrella policy covers LLC assets, but I know they will cover at least some types of boats directly owned by the policy holders, you need to let the umbrella insurer know you own a boat. Also, I doubt that an LLC would provide much protection if you are the skipper and maintainer of...
by tadamsmar
Sat Jun 16, 2018 9:45 am
Forum: Personal Consumer Issues
Topic: A vehicle that "sits up" but can't afford CRV
Replies: 63
Views: 5299

Re: A vehicle that "sits up" but can't afford CRV

You could get a used CRV or similar.

Make sure you get one that has stability control, it makes a big difference on the safety of SUVs. That feature will be on anything in that class after the 2011 model year, so you will get it unless you consider an older vehicle.
by tadamsmar
Sat Jun 16, 2018 9:05 am
Forum: Personal Consumer Issues
Topic: Bogleheads, tell me about your 40's?
Replies: 179
Views: 37586

Re: Bogleheads, tell me about your 40's?

I'm about a year away from turning 40. My thirties were pretty good to me - i started and stabilized my own business and witnessed the birth of my two beautiful kids, and now I find myself contemplating this "turning point" a little bit. I was just curious what the thoughtful, intelligent folks on ...
by tadamsmar
Fri Jun 15, 2018 10:10 pm
Forum: Personal Finance (Not Investing)
Topic: Are you including SS in your planning model? Are the benefits really that high?
Replies: 148
Views: 11662

Re: Are you including SS in your planning model? Are the benefits really that high?

Don't forget to keep this in mind: http://chicago.cbslocal.com/2018/06/07/social-security-could-run-out-2034/ Oh please. The only way SS funds run out is if current congress stops funding it while still looting from it. The link does not say SS funds will run out. It says a 21% cut in 2034 under cu...
by tadamsmar
Mon Jun 11, 2018 5:16 pm
Forum: Personal Consumer Issues
Topic: How do you celebrate (potty trained kid) milestone with your spouse?
Replies: 93
Views: 5003

Re: How do you celebrate (potty trained kid) milestone with your spouse?

#1 child is now potty trained. My wife did an incredible job with it and the kid is still happy. (My involvement was not insignificant but she carried the heaviest load) Without going into detail, the task was sufficiently arduous that I’d like to mark the milestone in a meaningful way. How do you ...
by tadamsmar
Mon Jun 11, 2018 7:51 am
Forum: Personal Finance (Not Investing)
Topic: What does "tap into" the Social Security trust fund mean?
Replies: 29
Views: 2384

Re: What does "tap into" the Social Security trust fund mean?

Here's an explainer on the trust fund: https://www.ssa.gov/OACT/progdata/fundFAQ.html I think the fact that the trust fund is invested in treasuries that earn interest means something, since the trust fund is earmarked by regulations to be used for social security. This determines the amount availab...
by tadamsmar
Sun Jun 10, 2018 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: Are you including SS in your planning model? Are the benefits really that high?
Replies: 148
Views: 11662

Re: Are you including SS in your planning model? Are the benefits really that high?

"The Social Security Trustees are projecting that the Social Security trust fund will be depleted around 2034. The good news is that they also say there should still be enough tax revenue to fund about 75-80% of the projected benefits." So, under current law, 75% is a good estimate, I guess. "...the...
by tadamsmar
Sat Jun 09, 2018 3:30 pm
Forum: Investing - Help with Personal Investments
Topic: TSP Advice
Replies: 7
Views: 630

Re: TSP Advice

I think it's best to come up with one unified asset allocation for all your retirement investments. Different strategies are really equivalent to one overall asset allocation anyway. If you do that, it's typically best to make significant use of the TSP G fund for your bond allocation. But, the allo...
by tadamsmar
Fri Jun 08, 2018 12:10 pm
Forum: Investing - Theory, News & General
Topic: Don’t cheat yourself with the 4% rule
Replies: 159
Views: 18367

Re: Don’t cheat yourself with the 4% rule

Early Retire Now recently had a post discussing how a 4% withdrawal rate would have worked for 30 year retirements in every instance of American history examined with only two exceptions: 1929 and 1966 retirees. Did it fail only for people who retired only in those specific years, or for a range of...
by tadamsmar
Tue Jun 05, 2018 5:42 pm
Forum: Investing - Theory, News & General
Topic: Don’t cheat yourself with the 4% rule
Replies: 159
Views: 18367

Re: Don’t cheat yourself with the 4% rule

The other point infrequently cited is that the Trinity Study *assumed you'd be paying an advisor 1% of AUM.* Actually, the Trinity Study seems to not assume any costs. Citing the study "The study did not adjust for taxes or transaction costs. An investor’s own experience would differ depending on h...
by tadamsmar
Tue Jun 05, 2018 4:13 pm
Forum: Investing - Theory, News & General
Topic: Don’t cheat yourself with the 4% rule
Replies: 159
Views: 18367

Re: Don’t cheat yourself with the 4% rule

Further, not once in Bengen's article does he discuss the target size of a nest egg at retirement. On the contrary, he said "For a client just beginning retirement, determine first the "safe" withdrawal rate." His work was focused on how financial planners should guide current retirees throughout r...
by tadamsmar
Tue Jun 05, 2018 2:07 pm
Forum: Investing - Theory, News & General
Topic: Don’t cheat yourself with the 4% rule
Replies: 159
Views: 18367

Re: Don’t cheat yourself with the 4% rule

My question is why does anyone treat their yearly expenses as a fixed amount? This was originally done for the purposes of modeling spending in retirement to determine such things as the safe withdrawal rate. It is more complicated to model flexible withdrawals, but modern software is capable of do...
by tadamsmar
Tue Jun 05, 2018 1:56 pm
Forum: Investing - Theory, News & General
Topic: Don’t cheat yourself with the 4% rule
Replies: 159
Views: 18367

Re: Don’t cheat yourself with the 4% rule

Here's a quotes from the original Trinity Study: Mid-course corrections likely will be required, with the actual dollar amounts withdrawn adjusted downward or upward relative to the plan. The investor needs to keep in mind that selection of a withdrawal rate is not a matter of contract but rather a ...
by tadamsmar
Tue Jun 05, 2018 12:41 pm
Forum: Investing - Theory, News & General
Topic: Don’t cheat yourself with the 4% rule
Replies: 159
Views: 18367

Re: Don’t cheat yourself with the 4% rule

My question is why does anyone treat their yearly expenses as a fixed amount? This was originally done for the purposes of modeling spending in retirement to determine such things as the safe withdrawal rate. It is more complicated to model flexible withdrawals, but modern software is capable of do...
by tadamsmar
Tue Jun 05, 2018 12:34 pm
Forum: Investing - Theory, News & General
Topic: Don’t cheat yourself with the 4% rule
Replies: 159
Views: 18367

Re: Don’t cheat yourself with the 4% rule

I think the BH community has mostly rallied around around the same punch line: dynamic withdrawals strategies are superior to fixed. It's not clear to me that dynamic withdrawal strategies lead to the assumption that you need to save less for retirement. Is there some evidence of that? The wiki has...
by tadamsmar
Tue Jun 05, 2018 10:47 am
Forum: Investing - Theory, News & General
Topic: Don’t cheat yourself with the 4% rule
Replies: 159
Views: 18367

Re: Don’t cheat yourself with the 4% rule

The 4% rule is rigid if you actually follow it during retirement. But I think of it as more of a pre-retirement planning heuristic. To use it, you have to compare it with something, a retirement spending estimate, to estimate a target size for your nest egg at the point of retirement. You are likely...
by tadamsmar
Sat Jun 02, 2018 4:18 pm
Forum: Personal Consumer Issues
Topic: June in Paris: What to (or not to) wear, see and do?
Replies: 53
Views: 2947

Re: June in Paris: What to (or not to) wear, see and do?

Get a carte d'orange weekly pass for the metro. Visit Pere Lachaise cemetery. Have your portrait sketched by a street artist. Visit a flea market. Forget about clothing other than dressing for the weather - us Europeans can spot an American a mile off no matter what. Turn down your volume when you ...
by tadamsmar
Sat Jun 02, 2018 2:21 pm
Forum: Personal Consumer Issues
Topic: June in Paris: What to (or not to) wear, see and do?
Replies: 53
Views: 2947

Re: June in Paris: What to (or not to) wear, see and do?

The museum pass is good:

https://booking.parisinfo.com/il4-offer ... gLuqvD_BwE

Save some money, and you can use the group entry points an bypass somelines.
by tadamsmar
Sat Jun 02, 2018 6:48 am
Forum: Investing - Help with Personal Investments
Topic: Problem with Roth Recharacterization
Replies: 8
Views: 623

Re: Problem with Roth Recharacterization

I think Form 5498 showing the recharacterization should have come in May 2017, as long as you recharacterized by April 15 or 17(?), 2017. The amount of the recharacterization will not be the same as the converted amount you put back, since gains (losses) also go back with the converted amount. I ha...
by tadamsmar
Sat Jun 02, 2018 6:32 am
Forum: Investing - Help with Personal Investments
Topic: Problem with Roth Recharacterization
Replies: 8
Views: 623

Re: Problem with Roth Recharacterization

I think Form 5498 showing the recharacterization should have come in May 2017, as long as you recharacterized by April 15 or 17(?), 2017. The amount of the recharacterization will not be the same as the converted amount you put back, since gains (losses) also go back with the converted amount. I ha...
by tadamsmar
Fri Jun 01, 2018 5:14 pm
Forum: Investing - Help with Personal Investments
Topic: Problem with Roth Recharacterization
Replies: 8
Views: 623

Re: Problem with Roth Recharacterization

Did you include a note explaining the recharacterization for the 2016 tax year? Most tax software has a provision for including a recharacterization explanation. A recharactrization is treating something as never happening in the first place, but the custodian reporting will not match up with your ...
by tadamsmar
Fri Jun 01, 2018 4:01 pm
Forum: Investing - Help with Personal Investments
Topic: Problem with Roth Recharacterization
Replies: 8
Views: 623

Problem with Roth Recharacterization

I just got a letter from the IRS indicating that I owe money on my 2016 tax return. I traced the problem and it is because they did not recognize a $36,000 Roth recharacterization. The bill is $12,088 which was quite a shock till I traced my records and figured out the cause. I did the recharacteriz...
by tadamsmar
Fri Jun 01, 2018 11:38 am
Forum: Personal Consumer Issues
Topic: Recommended Parenting Books
Replies: 44
Views: 4898

Re: Recommended Parenting Books

My favorites are: Incredible Years Everyday Parenting Tookit Kazdin Method I like them best because they are better supported by research evidence than all other methods: An amazing number of parenting books are just compilations of the author's opinions. Effectiveness is untested, or, in some case...
by tadamsmar
Thu May 31, 2018 8:54 pm
Forum: Personal Consumer Issues
Topic: Replaced beater car, oh how ever to regain feelings of financial superiority?
Replies: 29
Views: 3431

Re: Replaced beater car, oh how ever to regain feelings of financial superiority?

The new car is much safer. If the guy looks at the stats on electronic stability control he will realize this and might begin feeling superior to his old self.
by tadamsmar
Thu May 31, 2018 8:39 am
Forum: Personal Finance (Not Investing)
Topic: Am I crazy to pay off my 30-yr fixed 3.625 mortgage?
Replies: 129
Views: 14061

Re: Am I crazy to pay off my 30-yr fixed 3.625 mortgage?

I think I would pay off the mortgage, on the theory that 3.625 is a pretty good rate for a safe investment. The 30 year bond yield is 3.01. The TSP G Fund rate is 2.75 and it's hard to beat that for a safe investment. I think the bigger decision might be forgoing the 1031. There may be some passive ...
by tadamsmar
Wed May 30, 2018 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: How does it work when splitting an inherited property? Tax implications?
Replies: 6
Views: 708

Re: How does it work when splitting an inherited property? Tax implications?

I did something like that. I'd ask my brother to share the cost of an appraisal and the fee for changing the deed. Then accept half the appraisal. Once the deed is modified, you are done. If he needs a loan, there is a bit more to it. You might have a capital gain or loss. Not sure how the basis sho...
by tadamsmar
Wed May 30, 2018 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: Gift to Son and Effect on Gift Tax
Replies: 35
Views: 3235

Re: Gift to Son and Effect on Gift Tax

At this point, I think it's too de minimis to even bother citing the IRS on these matters. Not worthy of further discussion, in my view. But I don't mean to disagree with anyone who wishes to discuss the matter more.
by tadamsmar
Wed May 30, 2018 10:50 am
Forum: Personal Finance (Not Investing)
Topic: Gift to Son and Effect on Gift Tax
Replies: 35
Views: 3235

Re: Gift to Son and Effect on Gift Tax

Yes, I know, but lending a car to your son? I am assuming it's lending to your son in a year where you have already given the son $15,000 or more in that year. But maybe it's too trivial to worry about. None of it matters if you are not audited or it's not detected in an audit, anyway Do you have a...
by tadamsmar
Wed May 30, 2018 9:20 am
Forum: Personal Finance (Not Investing)
Topic: Gift to Son and Effect on Gift Tax
Replies: 35
Views: 3235

Re: Gift to Son and Effect on Gift Tax

You are kidding about this, aren’t you? Gill Not kidding. An undocumented loan and a no-interest loan is a gift according to IRS rules. Yes, I know, but lending a car to your son? Gill I am assuming it's lending to your son in a year where you have already given the son $15,000 or more in that year...
by tadamsmar
Wed May 30, 2018 7:38 am
Forum: Personal Finance (Not Investing)
Topic: Gift to Son and Effect on Gift Tax
Replies: 35
Views: 3235

Re: Gift to Son and Effect on Gift Tax

Any spouses? You can give him $15k, your wife can give him $15k. If your son has a wife then you give her $15k and your wife gives her $15k. You could "lend " him the car until January 1st where upon you gift him the car next year. It's the gift lotto. I play it all the time. If you loan the car to...