Search found 5530 matches

by Leesbro63
Wed Jan 16, 2019 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: Auto Owned By Revocable Living Trust
Replies: 15
Views: 897

Auto Owned By Revocable Living Trust

I am almost certain this was discussed a few years ago, so please excuse if it's an old topic. What do those of you who have Revocable Living Trusts do with your automobile(s)? If the idea is to avoid probate, then the car should be owned by the trust. But it's not clear that a trust can own/registe...
by Leesbro63
Tue Jan 15, 2019 6:01 pm
Forum: Investing - Help with Personal Investments
Topic: Planning to transfer assets from Vanguard to Fidelity, any bonus
Replies: 12
Views: 1586

Re: Planning to transfer assets from Vanguard to Fidelity, any bonus

I've noticed that the bonuses for big accounts is regressive. $2500 for $1M. $5000 for $5M. I understand that people with big accounts might want to transfer for reasons not related to the bonus. But it seems odd to settle for $5000 on $5M when they'll give you $2500 for $1M.
by Leesbro63
Fri Jan 11, 2019 6:37 pm
Forum: Investing - Theory, News & General
Topic: Around 43K in dividends last year - feel good about it ?
Replies: 160
Views: 13491

Re: Around 43K in dividends last year - feel good about it ?

This has evolved into the old Boglehead discussion about the value of dividends. And as is always pointed out in those many threads, in theory no dividends are better than any dividends (because taxes become under the control of the owner...he can sell shares or not). But in the real world, many lik...
by Leesbro63
Fri Jan 11, 2019 6:04 pm
Forum: Investing - Theory, News & General
Topic: Around 43K in dividends last year - feel good about it ?
Replies: 160
Views: 13491

Re: Around 43K in dividends last year - feel good about it ?

The original poster never did clear up why most of the dividends are not taxed. Is it because he's in a low tax bracket and has no other income? Are those actually "interest dividends" of muni bond funds? Does this mean his portfolio is actually bond heavy, not stock heavy as many have assumed? This...
by Leesbro63
Fri Jan 11, 2019 1:16 pm
Forum: Investing - Theory, News & General
Topic: Around 43K in dividends last year - feel good about it ?
Replies: 160
Views: 13491

Re: Around 43K in dividends last year - feel good about it ?

WhiteMaxima wrote:
Fri Jan 11, 2019 1:14 pm
Can OP live on $43k dividend? With standard deduction at $24k. They probably owe very little taxes.
You're assuming they have no other income.
by Leesbro63
Fri Jan 11, 2019 12:58 pm
Forum: Investing - Theory, News & General
Topic: Around 43K in dividends last year - feel good about it ?
Replies: 160
Views: 13491

Re: Around 43K in dividends last year - feel good about it ?

My portfolio threw around 43K total dividends in 2018 ( was around 36K in 2017). Around 14 k is taxable. This number does not include cap gains distribution by mutual funds. On one hand it feels good to see this stream of income coming in , but on the other I am still down by 90K for 2018 even afte...
by Leesbro63
Fri Jan 11, 2019 7:44 am
Forum: Investing - Theory, News & General
Topic: What are the disadvantages of taking all risk on equity side?
Replies: 63
Views: 3567

Re: What are the disadvantages of taking all risk on equity side?

While I've tried to muster enthusiasm for a broadly diversified fixed income portfolio, I find myself leaning against taking much of any risk at all on the fixed income side. Part of my thinking is simply the irritation/frustration of losing any money at all in the portion of my portfolio that is d...
by Leesbro63
Wed Jan 09, 2019 5:03 pm
Forum: Investing - Theory, News & General
Topic: Safe withdrawal rate at 38 years old
Replies: 95
Views: 7413

Re: Safe withdrawal rate at 38 years old

Just FYI you will get radically different answers on this site vs other sites. People here will give answers like 1%, which is irrational. The last time I checked, foundations use 2.25% as their safe perpetual withdrawal rate. Personally I would go with 2.75% and a paid off house at age 38 and fact...
by Leesbro63
Wed Jan 09, 2019 12:01 pm
Forum: Investing - Theory, News & General
Topic: A Test of Warren Buffett's 90:10 Retirement Portfolio
Replies: 33
Views: 4067

Re: A Test of Warren Buffett's 90:10 Retirement Portfolio

Where did you come up with this questionable information? Did you forget that we are talking about Buffett’s second wife, who he married about 20 years ago? There is no doubt a prenup that would override any laws that would affect what a non-prenupped spouse would get. If there is a prenuptial agre...
by Leesbro63
Wed Jan 09, 2019 11:08 am
Forum: Investing - Theory, News & General
Topic: A Test of Warren Buffett's 90:10 Retirement Portfolio
Replies: 33
Views: 4067

Re: A Test of Warren Buffett's 90:10 Retirement Portfolio

I don't know that she will have billions. All of his Berkshire stock is going to charity. She owns 1/2 of whatever her husband owns now and 100% after he dies. How much he can give away after death is a question for lawyers. His children can be cut out completely though. I find it hard to believe s...
by Leesbro63
Tue Jan 08, 2019 1:13 pm
Forum: Investing - Theory, News & General
Topic: Safe withdrawal rate at 38 years old
Replies: 95
Views: 7413

Re: Safe withdrawal rate at 38 years old

Almost every reply is based on what the average investor should do. Someone retiring with $500K needs to be absolutely certain that they will not run out of money when they are 85 years old. The OP didn't mention how much money he made from the sale of his business. If it was $100 million, then his...
by Leesbro63
Tue Jan 08, 2019 1:10 pm
Forum: Investing - Theory, News & General
Topic: Safe withdrawal rate at 38 years old
Replies: 95
Views: 7413

Re: Safe withdrawal rate at 38 years old

If I was in your situation I would just look at putting at least ten years expenses into a seperate conservative portfolio then investing the rest in a second portfolio. The big question then is if the second portfolio of the remaining money looks large enough to support you after that. I like this...
by Leesbro63
Mon Jan 07, 2019 5:54 pm
Forum: Investing - Theory, News & General
Topic: Safe withdrawal rate at 38 years old
Replies: 95
Views: 7413

Re: Safe withdrawal rate at 38 years old

If you use a “spend the income” approach, as we discussed above, you will start at about 2 to 2.5%. As noted, over time the portfolio will probably continue to grow. You can use “good times” to make periodic withdrawals of principal if you want (and are willing to pay capital gains taxes) for big ti...
by Leesbro63
Mon Jan 07, 2019 3:41 pm
Forum: Investing - Theory, News & General
Topic: Safe withdrawal rate at 38 years old
Replies: 95
Views: 7413

Re: Safe withdrawal rate at 38 years old

If it were me, I'd go 60/40 and live off the dividends and income, which I'm guesstimating to be about 2 to 2.5%. Assuming it's taxable money, you'll probably wanna set it up so that you never sell anything and have to incur capital gains taxes. Your age suggests you could be higher equity, but it's...
by Leesbro63
Mon Jan 07, 2019 2:20 pm
Forum: Investing - Theory, News & General
Topic: A Test of Warren Buffett's 90:10 Retirement Portfolio
Replies: 33
Views: 4067

Re: A Test of Warren Buffett's 90:10 Retirement Portfolio

I don't think his wife will be taking 4% annually out of her assets after Warren is dead. I bet that things work JUST DUCKY with a 0.1% withdrawal rate. Waaren's advice is for his wife ... who will have billions of dollars to invest, not $1,000. I don't know that she will have billions. All of his ...
by Leesbro63
Mon Jan 07, 2019 2:14 pm
Forum: Investing - Theory, News & General
Topic: A Test of Warren Buffett's 90:10 Retirement Portfolio
Replies: 33
Views: 4067

Re: A Test of Warren Buffett's 90:10 Retirement Portfolio

I would not recommend a 90% stock/10% treasury allocation for any retiree unless they had very substantial pension and Social Security income. Such a portfolio would simply be too volatile for retirees. Such a portfolio would probably have lost over 40% during the 2008-2009 bear market. If they had...
by Leesbro63
Mon Jan 07, 2019 12:47 pm
Forum: Personal Consumer Issues
Topic: Another Look at Currently-Owned LTC Policies
Replies: 6
Views: 545

Re: Another Look at Currently-Owned LTC Policies

I've had some of the same concerns as you. We purchased a policy from Genworth about 10 years ago. We had a 50% increase in premium last year, but I feel the policy cost is still reasonable for the future protection. I am more concerned about Genworth, as LTC is a major part of their portfolio, and...
by Leesbro63
Sun Jan 06, 2019 11:38 pm
Forum: Personal Consumer Issues
Topic: Another Look at Currently-Owned LTC Policies
Replies: 6
Views: 545

Re: Another Look at Currently-Owned LTC Policies

Great info, Nisiprius. Thank you!
by Leesbro63
Sun Jan 06, 2019 11:34 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella Policy: Right amount for $7 mil net worth?
Replies: 103
Views: 15528

Re: Umbrella Policy: Right amount for $7 mil net worth?

Has anyone done any actual reading of different umbrella policies and determined who the best provider is? I’m certain this type of insurance is not just a commodity product that can be chosen purely on price... I recently joined the 7 figures net worth club so would like to do an umbrella policy f...
by Leesbro63
Sun Jan 06, 2019 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: Do you take inheritance into account when calculating net worth?
Replies: 68
Views: 4506

Re: Do you take inheritance into account when calculating net worth?

Most Bogleheads are going to bristle at your question. And they are usually right: an inheritance is never yours until it’s yours. A lot can happen...long nursing home stays, bad markets, second wives/husbands, financial incompetence, Bernie Madoff. That being said, for someone expecting an inherita...
by Leesbro63
Sun Jan 06, 2019 12:16 pm
Forum: Personal Consumer Issues
Topic: Another Look at Currently-Owned LTC Policies
Replies: 6
Views: 545

Re: Another Look at Currently-Owned LTC Policies

Metlife LTC premiums can be set up as a monthly autodraft on your checking account. I think you may have missed my point. Yes, concern about being sure that mom pays the premium is a minor issue. But if and how the money gets to Metlife isn't really the issue here at all. The premium will get paid ...
by Leesbro63
Sun Jan 06, 2019 11:56 am
Forum: Personal Consumer Issues
Topic: Another Look at Currently-Owned LTC Policies
Replies: 6
Views: 545

Another Look at Currently-Owned LTC Policies

There was another "scare" article in today's Pittsburgh Post Gazette today about the collapsing long term care insurance industry. I'm specifically wondering about my mother's METLIFE policy, which has gone up in price over the 25 years that she's owned it, but not skyrocketed. Mom is 82 and is fina...
by Leesbro63
Wed Jan 02, 2019 4:51 am
Forum: Personal Finance (Not Investing)
Topic: Contributing too much to a 529?
Replies: 43
Views: 3277

Re: Contributing too much to a 529?

And for the very wealthy, loading up various 529 accounts for family members allows them to continue controlling the money but keeps it out of a taxable estate. And while the current estate tax exemption is high, it’s scheduled to revert to half of the current number, in 2026.
by Leesbro63
Mon Dec 31, 2018 2:58 pm
Forum: Investing - Theory, News & General
Topic: Michael Kitces said in 2016 that IRS auditors disapproved of backdoor Roth IRAs
Replies: 249
Views: 40818

Re: Michael Kitces said in 2016 that IRS auditors disapproved of backdoor Roth IRAs

Reply to the post just above by Dodecahedron: The staffing problem that you mention supports why I never ever call the IRS. I do everything in writing by certified mail. Not that I've done that much, but have handled mail inquiries for myself and family members...maybe 6-7 over the past 10 years. Th...
by Leesbro63
Mon Dec 31, 2018 7:53 am
Forum: Personal Finance (Not Investing)
Topic: Potential Claw-Back from IRS of Gifted Assets
Replies: 22
Views: 4189

Re: Potential Claw-Back from IRS of Gifted Assets

Bumping this for further review, perhaps by BSTEINER or GRABINER. I found this article which describes the situation of a wealthy person gifting the the entire temporarily larger exemption amount before 2026. But it does not discuss my question, about the wealthy person gifting less than the tempora...
by Leesbro63
Sun Dec 30, 2018 10:49 pm
Forum: Personal Finance (Not Investing)
Topic: Contributing too much to a 529?
Replies: 43
Views: 3277

Re: Contributing too much to a 529?

Sounds like you’ll have about $45,000, not including any return on investment. How is that overfunding? A Pitt or Penn State or UCLA, tuition only, will cost double that, also not counting college inflation, let alone if you want to do the full dormatory experience. Private schools can be $300,000, ...
by Leesbro63
Sun Dec 30, 2018 10:04 pm
Forum: Investing - Theory, News & General
Topic: [Vanguard Founder Jack Bogle Says It’s Time to Play It Safe]
Replies: 153
Views: 13585

Re: [Vanguard Founder Jack Bogle Says It’s Time to Play It Safe]

quote by Indexonlyplease: I do understand and that is why I went form 100% stocks to a 50/50 AA when I retired 2 years ago. I no longer want to take risk I did not want to take. But now I am down to almost 40/60. In January I look at rebalancing again. My risk is lower and I am ok with but now my r...
by Leesbro63
Sun Dec 30, 2018 1:14 pm
Forum: Investing - Theory, News & General
Topic: Michael Kitces said in 2016 that IRS auditors disapproved of backdoor Roth IRAs
Replies: 249
Views: 40818

Re: Michael Kitces says IRS auditors disapprove of Backdoor Roth IRA's

Next week I do my Backdoor Roth IRA for the 10th time. I publicize it widely. If the IRS is going to pick out a poster boy to enforce it on, it will be me. I'll let you know when it happens. Until then, my opinion is that Michael Kitces owes his readers an apology for what I have always considered ...
by Leesbro63
Sat Dec 29, 2018 10:49 am
Forum: Personal Finance (Not Investing)
Topic: XM Radio Streaming Data Use on iPhone
Replies: 1
Views: 212

XM Radio Streaming Data Use on iPhone

I sometimes enjoy SiriusXM radio on long trips. If I rent a car without it, how much AT&T cell phone data (say, per hour) will XM use on my phone?
by Leesbro63
Sat Dec 29, 2018 10:38 am
Forum: Investing - Theory, News & General
Topic: Michael Kitces said in 2016 that IRS auditors disapproved of backdoor Roth IRAs
Replies: 249
Views: 40818

Re: Michael Kitces says IRS auditors disapprove of Backdoor Roth IRA's

I’m a fan of the backdoor Roth. And it appears to be legal and to have been recently re-confirmed as legal. That being said, I think what makes it still “murky” to many of us is the fact that those who must backdoor to do a Roth cannot just put the money directly into the Roth via the usual front do...
by Leesbro63
Fri Dec 28, 2018 3:31 pm
Forum: Personal Consumer Issues
Topic: Value of Legacy vs. Altima?
Replies: 13
Views: 494

Re: Value of Legacy vs. Altima?

Sounds like the Altima is the best value, especially if you only drive limited miles.
by Leesbro63
Thu Dec 27, 2018 8:26 pm
Forum: Personal Consumer Issues
Topic: Do Hertz/Avis really cost double Enterprise?
Replies: 58
Views: 3275

Re: Do Hertz/Avis really cost double Enterprise?

Slightly off topic but related: I recently rented a car at PBI (Palm Beach, Florida) and waited 20 mins for the Budget bus to take me to my car. All the others required the bus too. I seem to recall getting cars “on site” at PBI 5-10 years ago. Is my memory right and what changed when and why? What ...
by Leesbro63
Tue Dec 25, 2018 9:48 pm
Forum: Investing - Theory, News & General
Topic: How Often To Expect -10% and -20% Stock Drops
Replies: 19
Views: 2712

Re: How Often To Expect -10% and -20% Stock Drops

The current market slide, after an unprecedented 10 year bull run got me to wondering: Statistically how often have we seen the S&P500 drop 10%? 20? In other words, for a 60 year old (I'm approaching 59) person, with a remaining 20-30 year life expectancy, how many of these draw downs are to be exp...
by Leesbro63
Tue Dec 25, 2018 9:12 pm
Forum: Personal Finance (Not Investing)
Topic: Potential Claw-Back from IRS of Gifted Assets
Replies: 22
Views: 4189

Re: Potential Claw-Back from IRS of Gifted Assets

I see nothing inconsistent about the proposed regulations. They are simply stating that the lifetime exclusion is applied in the year of the gift. Which is exactly how it should be. It would be totally contrary to precedent to retroactively act on a prior year's exclusion, deduction, credit, etc......
by Leesbro63
Tue Dec 25, 2018 5:47 pm
Forum: Personal Finance (Not Investing)
Topic: Potential Claw-Back from IRS of Gifted Assets
Replies: 22
Views: 4189

Re: Potential Claw-Back from IRS of Gifted Assets

Now that this has been somewhat clarified, I'm still wondering about this, using inflation adjusted approximated round numbers of $5.5M and $11M. Assuming current law doesn't change, and the amount that an individual can pass, unified gift and estate amount, goes from a current $11M back to $5.5M. W...
by Leesbro63
Tue Dec 25, 2018 2:27 pm
Forum: Investing - Theory, News & General
Topic: How Often To Expect -10% and -20% Stock Drops
Replies: 19
Views: 2712

Re: How Often To Expect -10% and -20% Stock Drops

The current market slide, after an unprecedented 10 year bull run got me to wondering: Statistically how often have we seen the S&P500 drop 10%? 20? By what criteria was the last bull market unprecedented? I assume you can find something about anyone that is unique. At a high level you should expec...
by Leesbro63
Tue Dec 25, 2018 2:05 pm
Forum: Investing - Theory, News & General
Topic: How Often To Expect -10% and -20% Stock Drops
Replies: 19
Views: 2712

How Often To Expect -10% and -20% Stock Drops

The current market slide, after an unprecedented 10 year bull run got me to wondering: Statistically how often have we seen the S&P500 drop 10%? 20? In other words, for a 60 year old (I'm approaching 59) person, with a remaining 20-30 year life expectancy, how many of these draw downs are to be expe...
by Leesbro63
Fri Dec 21, 2018 9:19 am
Forum: Personal Consumer Issues
Topic: Making Large Purchases with Credit Card and Immediately Paying Off- Bad for Credit Score?
Replies: 44
Views: 3883

Re: Making Large Purchases with Credit Card and Immediately Paying Off- Bad for Credit Score?

it absolutely does not have any impact on your score if you are paying it off before your statement end date. As far as impact on that creditor seeing you make a big purchase, pay it off and possibly make another purchase where you spent more overall than your credit limit in a billing cycle... I'v...
by Leesbro63
Thu Dec 20, 2018 3:30 pm
Forum: Personal Consumer Issues
Topic: Making Large Purchases with Credit Card and Immediately Paying Off- Bad for Credit Score?
Replies: 44
Views: 3883

Re: Making Large Purchases with Credit Card and Immediately Paying Off- Bad for Credit Score?

Don't know, don't care. But I would ask if there is a discount for cash or check. Sometimes there is, and it can be more than 2%. And it might not be a discount for paying cash or check, but a penalty for paying with credit card. I manage finances for a non-profit and people have been using a CC to...
by Leesbro63
Wed Dec 19, 2018 12:08 pm
Forum: Investing - Help with Personal Investments
Topic: The 4% rule
Replies: 71
Views: 6542

Re: The 4% rule

Thanks for the replies. Even though it is a rule of thumb, I thought there is enough research behind it to make it a good rule of thumb. So I am not question the 4% rule itself, I am trying to understand if it is the 4% of your highest net asset value so far? Otherwise your net asset value would ch...
by Leesbro63
Tue Dec 18, 2018 11:36 am
Forum: Investing - Help with Personal Investments
Topic: The 4% rule
Replies: 71
Views: 6542

Re: The 4% rule

I am trying to understand the 4% rule. Say I plan to retire starting from Jan 2020 with expected expenses of 40K per annum. So lets say my net asset reach 1 million mark by Nov 2019, so I am happy that I meet 4% rule for upcoming retirement. However suddenly market crashes 20% in Dec 2019 so my net...
by Leesbro63
Mon Dec 17, 2018 5:26 pm
Forum: Personal Consumer Issues
Topic: Gmail Won't Load in Chrome
Replies: 7
Views: 730

Re: Gmail Won't Load in Chrome

I am the original poster with an update: I don't understand what's going on here, but I went to "APPS" on the toolbar on the left at the top of the CHROME page. Then I opened Gmail and it worked, but what came up in the address box was this: https://mail.google.com/mail/ca/u/0/#inbox Previously it w...
by Leesbro63
Sun Dec 16, 2018 9:30 pm
Forum: Personal Consumer Issues
Topic: Gmail Won't Load in Chrome
Replies: 7
Views: 730

Gmail Won't Load in Chrome

All of the sudden, my Gmail won't load in Chrome. my Google Calendar loads find. I cleared my cache and cookes and rebooted the computer. Still won't work. Loads find in Internet Explorer that I only use occasionally for when stuff doesn't work in Chrome. Any suggestions?
by Leesbro63
Sun Dec 16, 2018 8:35 am
Forum: Personal Consumer Issues
Topic: Annoyingly Expensive HP Ink Cartridges
Replies: 34
Views: 2603

Re: Annoyingly Expensive HP Ink Cartridges

This was the reason I stopped buying HP printers years ago. I have Cannon MX series, and I spend 25 cents to 50 cents per cartridge. In fact, I kind of make money on them since Officemax/Officedepot pays $2 per cartridge (as gift card). Cannon ink cartridge is "dumb", i.e. only holds ink, without p...
by Leesbro63
Sat Dec 15, 2018 10:19 am
Forum: Personal Consumer Issues
Topic: Annoyingly Expensive HP Ink Cartridges
Replies: 34
Views: 2603

Annoyingly Expensive HP Ink Cartridges

I have an HP8600PLUS printer that takes 951 number cartridges. Years ago with an older printer, I experimented with "off brand" cartridges and concluded that they just don't work and I had to pay the juice. This printer has a newer style cartridge and I don't think there even are "off brand" substit...
by Leesbro63
Tue Dec 11, 2018 7:28 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3178
Views: 616843

Re: What's Your Credit Card Rewards Strategy?

Just a heads-up on at least one card application from CApital One. I got a mailer for a Capital One Savor card. Spend $3000 over 3 months, get a $500 reward, with various cash back in several categories. Not really attractive except for the $500 teaser. Tried to activate online and was told it coul...
by Leesbro63
Tue Dec 11, 2018 12:15 pm
Forum: Investing - Theory, News & General
Topic: Article: Your love of index funds is terrible for our economy
Replies: 62
Views: 7343

Re: Your love of index funds is terrible for our economy

Seems to me that we had melt ups and downs long before index funds.
by Leesbro63
Thu Dec 06, 2018 7:25 pm
Forum: Investing - Help with Personal Investments
Topic: 20M Inheritance - What is best option for small/no risk on principal?
Replies: 93
Views: 12070

Re: 20M Inheritance - What is best option for small/no risk on principal?

I would go 50/50 stocks and bonds and sleep like a baby at night. +1 And short to intermediate term muni bond funds at that, to minimize taxation. And if you hold your stock index funds forever, you'll only pay tax on the dividend. Doing 50/50 will yield about 2-3% and you could live off that forev...