Search found 10366 matches

by delamer
Thu Sep 17, 2020 4:48 pm
Forum: Personal Finance (Not Investing)
Topic: Advice for mother-in-law
Replies: 20
Views: 1708

Re: Advice for mother-in-law

Does Social Security for the disabled apply in this case? Social security will definitely be a part of her equation. She'll get divorced spouse benefits I believe when she turns 62. Probably need to consult with some SS expert on that to better understand what it would pay. The other thing she want...
by delamer
Wed Sep 16, 2020 2:38 pm
Forum: Personal Finance (Not Investing)
Topic: Will and living trust
Replies: 7
Views: 606

Re: Will and living trust

Regarding guardians, you also should discuss your choice with those you want to designate. It isn’t a responsibility that everyone is willing to take on. Even if a living trust isn’t appropriate, your attorney will recommend setting up a trust via your will for the assets that your children would in...
by delamer
Tue Sep 15, 2020 10:19 am
Forum: Personal Consumer Issues
Topic: Caretaker for parents?
Replies: 45
Views: 2637

Re: Caretaker for parents?

Www.agingcare.com is a wonderful caregiving website. See an elder care attorney to set up a fully vetted caregiver agreement before accepting any compensation. Read Atul Gawande "On Being Mortal". The one situation I observed where an adult child moved in to care for two ill parents ended badly. Ad...
by delamer
Tue Sep 15, 2020 10:13 am
Forum: US Chapters
Topic: How many bogleheads do you know in real life?
Replies: 165
Views: 15092

Re: How many bogleheads do you know in real life?

Zero (that I know of) In fact, many people I know are financially illiterate. I know this because they are the ones that constantly provide me with unsolicited financial advice. This. I actually know one guy that believes in most of what we talk about here in terms of live below your means and frug...
by delamer
Mon Sep 14, 2020 4:36 pm
Forum: Personal Consumer Issues
Topic: Caretaker for parents?
Replies: 45
Views: 2637

Re: Caretaker for parents?

I have experienced three instances of this sort of care. In each case it was not long before the care needs progressed to at least full time (7x24) attention. In one case it was possible to maintain a family member at their home pretty much until final days. These situations involved Alzheimers, se...
by delamer
Mon Sep 14, 2020 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: Real Estate Agents: Advice Wanted
Replies: 12
Views: 1155

Re: Real Estate Agents: Advice Wanted

The home I've lived in for the past 25+ years has showed a few small internal drywall cracks that appeared over the past five years. Originally, I was going to fix these cracks when we repainted. However, awhile ago, while walking around my home, I found a beam that appeared severely warped. I cont...
by delamer
Sun Sep 13, 2020 9:50 pm
Forum: Personal Finance (Not Investing)
Topic: Gifting Money to Daughter from Grandma's Inheritance (income tax/capital gains tax question)
Replies: 19
Views: 1353

Re: Gifting Money to Daughter from Grandma's Inheritance (income tax/capital gains tax question)

Stocks can be transferred to your wife “in kind” from a taxable account and she would have whatever tax basis your MIL had. If you and your wife are in a lower tax bracket than your in-laws, that would save money when your wife sells. So transferring shares may be a better option than your MIL writi...
by delamer
Sun Sep 13, 2020 4:32 pm
Forum: Personal Investments
Topic: Thanks in advance [investing inheritance]
Replies: 12
Views: 626

Re: Thanks in advance [investing inheritance]

If you aren’t maxing your 401(k) and/or IRA contributions, you could start doing so and use some of the inherited funds to replace the loss in your take home pay. If the inherited money is intended to be part of your retirement funds, then you should look at it and your 401(k)s as one large pot of m...
by delamer
Sat Sep 12, 2020 6:05 pm
Forum: Personal Finance (Not Investing)
Topic: Help identify my blind spots
Replies: 33
Views: 1708

Re: Help identify my blind spots

Quick & dirty: (annual expenses in retirement) minus (annual Social Security benefits) = annual withdrawal needed from portfolio Portofilo needs to be large enough to support a 4% (inflation adjusted) annual withdrawal 80,000 minus 33,000 = 47,000 47,000/.04 = 1,175,000 minimum portfolio (This ignor...
by delamer
Sat Sep 12, 2020 12:08 pm
Forum: Personal Consumer Issues
Topic: Pls recommend a moving service, thank you
Replies: 10
Views: 559

Re: Pls recommend a moving service, thank you

From where to where?
by delamer
Sat Sep 12, 2020 12:00 pm
Forum: Personal Consumer Issues
Topic: Used Car issues Ohio
Replies: 37
Views: 1738

Re: Used Car issues Ohio

StevieG72 wrote: Sat Sep 12, 2020 7:45 am Yikes!

I am in the market for a car for the kiddo. I am leaning towards low enough miles to have factory powertrain warranty remaining. (< 60,000 miles)
Try CarMax. They have a 5-day return.

Check their price against edmunds.com and/or kbb.com for reasonableness.
by delamer
Sat Sep 12, 2020 9:49 am
Forum: Personal Investments
Topic: Anyone successfully living off dividends & interest?
Replies: 203
Views: 18406

Re: Anyone successfully living off dividends & interest?

The $30,000 in annual income from a $2 million portfolio isn’t etched in stone. My taxable account is 70% stocks/20% cash/10% bonds and it earns the equivalent of $50,000/year on a $2 million portfolio. The includes dividends/interest/capital gains on mutual funds. It’s been like earning this for a ...
by delamer
Sat Sep 12, 2020 9:27 am
Forum: Personal Investments
Topic: Best option to protect my medium spending needs
Replies: 6
Views: 546

Re: Best option to protect my medium spending needs

As dbr says, a lot depends on your withdrawal rate.

But consider putting 3 years of expenses into cash. That we will get you through almost any downturn without having to sell stocks or bonds. Five years would be even safer.
by delamer
Sat Sep 12, 2020 9:21 am
Forum: Personal Consumer Issues
Topic: Which 3 row luxury SUV?
Replies: 70
Views: 5011

Re: Which 3 row luxury SUV?

Nowizard wrote: Sat Sep 12, 2020 8:36 am If wanting a "luxury" designation, it probably won't compute well, but the upper level models of numerous SUV's not considered to be luxury are very similar at lower cost.

Tim
Can you cite a couple examples, particularly any that you’ve had personal experience driving?

Thanks.
by delamer
Fri Sep 11, 2020 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: Should we buy a $3M+ house with parental help?
Replies: 167
Views: 11443

Re: Should we buy a $3M+ house with parental help?

Ah, the gift of debt. Better get moving, the Hedonic Treadmill doesn't walk by itself. Seems to me the gift is less debt, no? $1.5M mortgage vs. $3.0M No. The 3M house is not a need . If I give you $20, but you must take out a loan for $40 and purchase something you might want but not need - did yo...
by delamer
Fri Sep 11, 2020 12:50 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Target Retirement Funds--Why So Stock Heavy?
Replies: 44
Views: 2582

Re: Are Target Date mutual funds obsolete?

If a specific Target Date fund meets your investing needs, then it isn’t obsolete.

To ask if “they have appropriate asset allocations” is ridiculous. “They” have a huge variety of allocations and underlying investments.
by delamer
Fri Sep 11, 2020 9:43 am
Forum: Personal Consumer Issues
Topic: Teen Driver Addition to Insurance
Replies: 27
Views: 1875

Re: Teen Driver Addition to Insurance

If you don’t already have it, get umbrella liability insurance coverage. That’s in addition to adding him to your auto insurance as a secondary driver with very few miles. He may get a discount for good grades and/or taking online training provided by your insurer. You can check into raising your de...
by delamer
Fri Sep 11, 2020 9:32 am
Forum: Personal Finance (Not Investing)
Topic: Should we buy a $3M+ house with parental help?
Replies: 167
Views: 11443

Re: Should we buy a $3M+ house with parental help?

No strings attached (except expectation to buy a house with it eventually. Not necessarily for $3M but given our rent that is the minimum spend that makes sense to us to move). They just want the best for us. Whatever they are going to do except tell us to buy a house would happen whether they give...
by delamer
Thu Sep 10, 2020 8:15 pm
Forum: Personal Investments
Topic: Asset Allocation at age 61
Replies: 36
Views: 2992

Re: Asset Allocation at age 61

What do you mean by “generate around 55K?” Are you trying to avoid selling any assets? Because that can cause you to end up with a less-than-optimal allocation. At your age, you realistically can take 4% a year — $80,000 adjusted for inflation annually. Whether that’s from earnings/income or withdr...
by delamer
Thu Sep 10, 2020 5:59 pm
Forum: Personal Finance (Not Investing)
Topic: Should we buy a $3M+ house with parental help?
Replies: 167
Views: 11443

Re: Should we buy a $3M+ house with parental help?

I wonder how many naysayers would change their tune if the $1.5M parental gift was instead earmarked for the OP’s kids’ education. Sure, I would. A gift of $1.5 million that doesn’t require a major financial commitment of your own is absolutely different. OP is already subject to a financial commit...
by delamer
Thu Sep 10, 2020 5:33 pm
Forum: Personal Finance (Not Investing)
Topic: Should we buy a $3M+ house with parental help?
Replies: 167
Views: 11443

Re: Should we buy a $3M+ house with parental help?

Tingting1013 wrote: Thu Sep 10, 2020 5:29 pm I wonder how many naysayers would change their tune if the $1.5M parental gift was instead earmarked for the OP’s kids’ education.
Sure, I would.

A gift of $1.5 million that doesn’t require a major financial commitment of your own is absolutely different.
by delamer
Thu Sep 10, 2020 5:25 pm
Forum: Personal Investments
Topic: Asset Allocation at age 61
Replies: 36
Views: 2992

Re: Asset Allocation at age 61

What do you mean by “generate around 55K?” Are you trying to avoid selling any assets? Because that can cause you to end up with a less-than-optimal allocation. At your age, you realistically can take 4% a year — $80,000 adjusted for inflation annually. Whether that’s from earnings/income or withdra...
by delamer
Thu Sep 10, 2020 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: Should we buy a $3M+ house with parental help?
Replies: 167
Views: 11443

Re: Should we buy a $3M+ house with parental help?

I would not take on a major, new financial commitment in the middle of a pandemic.
by delamer
Thu Sep 10, 2020 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: Payoff Mortgage from 401K
Replies: 8
Views: 759

Re: Payoff Mortgage from 401K

Why not just use the cash at Vanguard to pay off the mortgage?
by delamer
Thu Sep 10, 2020 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: Solar credit & estimated federal taxes
Replies: 1
Views: 228

Solar credit & estimated federal taxes

We are having solar panels installed this Fall, which will result in a substantial federal income tax credit for 2020. We have some withholding from our pensions, but pay the bulk of our taxes through quarterly estimated payments. To date, we’ve already paid more (through the withholding and estimat...
by delamer
Wed Sep 09, 2020 5:16 pm
Forum: Personal Finance (Not Investing)
Topic: Dog Bite Case (for real - and I own the dog)
Replies: 56
Views: 7486

Re: Dog Bite Case (for real - and I own the dog)

My vote is to handle through insurance. My concern is that otherwise you may miss something opening yourself up to significantly greater liability. My 2 cents. I love this response. I also agree to go this route. They can also play interference. My kid was bitten by a dog at lowes this summer. Very...
by delamer
Wed Sep 09, 2020 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: Homeowner daughter refinance and new spouse home equity rules going forward
Replies: 15
Views: 1308

Re: Homeowner daughter refinance and new spouse home equity rules going forward

Has she talked to her spouse about this and what s/he thinks is fair?
by delamer
Tue Sep 08, 2020 5:43 pm
Forum: Personal Investments
Topic: How much capital gains?
Replies: 16
Views: 1226

Re: How much capital gains?

If your state has an income tax, then you may pay taxes in addition to the federal amount.
by delamer
Tue Sep 08, 2020 5:35 pm
Forum: Personal Investments
Topic: Father received large sum from the passing of his mother - he (I) needs guidance
Replies: 18
Views: 2334

Re: Father received large sum from the passing of his mother - he (I) needs guidance

You may be overthinking the $15,000 annual gift suggestion. It is not a tax avoidance idea. It sounds as if your father intends to leave his estate to you and your sibling and he doesn’t expect to need all of it to cover his own needs. So why not give some to you both each year while he is still ali...
by delamer
Sun Sep 06, 2020 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: Can anyone suggest a joint checking account?
Replies: 58
Views: 2629

Re: Can anyone suggest a joint checking account?

We’ve received excellent service from USAA.
by delamer
Sun Sep 06, 2020 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: mortgage question
Replies: 14
Views: 1229

Re: mortgage question

Thank you very much for the feedback.. I need to hear it! For years, I've followed the Bogleheads philosophy to pay down debt and go into retirement with no mortgage. But, for some reason that I'm having trouble defining (possibly ego, a glimpse of the ocean, and walkability?), I'm actually contemp...
by delamer
Sun Sep 06, 2020 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: Can anyone suggest a joint checking account?
Replies: 58
Views: 2629

Re: Can anyone suggest a joint checking account?

egrets wrote: Sun Sep 06, 2020 1:00 pm I have never understood how joint checking accounts work. What happens if someone needs to write an unexpected check, and the other person then inadvertently overdraws.
You communicate...
by delamer
Sun Sep 06, 2020 9:14 am
Forum: Personal Finance (Not Investing)
Topic: Starting to look for new house
Replies: 17
Views: 1804

Re: Starting to look for new house

A followup question - as I guard my personal information closely, I'm anticipating some discomfort about the short-term financing with this potential move. (Some people have suggested selling our house first and renting for a while which would not be our approach for several reasons). As I mentione...
by delamer
Sun Sep 06, 2020 9:08 am
Forum: Personal Finance (Not Investing)
Topic: How Much House Can We Afford in HCOL Area?
Replies: 289
Views: 17080

Re: How Much House Can We Afford in HCOL Area?

Just like any high cost cities such as London, Osaka, Hong Kong, or Zurich, low income folks will have to get creative like roommates, sharing with other families, or much smaller space. In the US, I think there are more options for these folks to do better by moving out of VHCOL areas, but not sur...
by delamer
Sat Sep 05, 2020 1:32 pm
Forum: Personal Consumer Issues
Topic: Reducing road noise that reaches back side of house
Replies: 43
Views: 2841

Re: Reducing road noise that reaches back side of house

Get a white noise machine that has a variety of sounds to choose from. Your fan is a good start, but the frequency is constant so you still hear background variances. White noise machines have choices like "train" and "ocean waves" that vary so that other background noises will be perceived as just...
by delamer
Sat Sep 05, 2020 1:21 pm
Forum: Personal Consumer Issues
Topic: Do you have a lot of "actions" in your retirement life?
Replies: 68
Views: 7303

Re: Do you have a lot of "actions" in your retirement life?

Virtually everyone has to retire from full-time employment eventually. So you need to figure out how you want to spend your time when that happens. It’s likely that it will be easier to take part in new interests and activities when you are a relatively younger retiree. I am not a particularly activ...
by delamer
Sat Sep 05, 2020 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: Selling home at a loss
Replies: 55
Views: 5968

Re: Selling home at a loss

As others have suggested, out the house on the market and see what offers you get.

Decide in advance how much of a loss you are willing to suffer.

Based on your earlier numbers, you are thinking in the range if 20% of your annual income? A d about the same of your liquid total portfolio?
by delamer
Fri Sep 04, 2020 3:24 pm
Forum: Personal Investments
Topic: advice for retired mom - rollovers and withdraw from IRA
Replies: 14
Views: 924

Re: advice for retired mom - rollovers and withdraw from IRA

I am not sure why you are so focused on conversions, since she already has money in a Roth. Thought was conversions allow the money to continue to grow in a ROTH tax free growth. If she doesn't need to spend 13k this year, she should convert it from TRAD to ROTH so its tax free if she has to pull o...
by delamer
Fri Sep 04, 2020 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: Daughter almost ready to launch into professional life
Replies: 45
Views: 4179

Re: Daughter almost ready to launch into professional life

Find out what retirement savings option are available at her new employer and take full advantage of them.
by delamer
Fri Sep 04, 2020 12:53 pm
Forum: Personal Investments
Topic: advice for retired mom - rollovers and withdraw from IRA
Replies: 14
Views: 924

Re: advice for retired mom - rollovers and withdraw from IRA

Thanks all for the replies and correction that Traditional IRAs distribution whether to checking account or to a Roth IRA are taxed as ORDINARY INCOME. So Running the cals with www excel 1040 .com If I put in 25000 SSI in form 1099-R, can rollover 13,500 of Trad IRA rollover to total 14,050 which i...
by delamer
Fri Sep 04, 2020 12:43 pm
Forum: Investing - Theory, News & General
Topic: Why should I be investing in a down or downing market for retirement?
Replies: 37
Views: 3093

Re: Why should I be investing in a down or downing market for retirement?

Because investing in the stock market should only be done for the long-term, and so you shouldn’t be making decisions about stock investing based on short-term market conditions. For someone like your father, he should have at least 5 years of expenses in cash. Then he won’t need to worry about “sel...
by delamer
Fri Sep 04, 2020 10:37 am
Forum: Personal Finance (Not Investing)
Topic: How Much House Can We Afford in HCOL Area?
Replies: 289
Views: 17080

Re: How Much House Can We Afford in HCOL Area?

My grandmother had an expression — “Her eyes are bigger than her stomach.” You’ve indicated these goals/desires: 1. Reduce work hours and income to spend time with kids. 2. Have another kid. 3. Have bigger house with great schools. 4. Husband does not want to increase his income. 5. Not increase you...
by delamer
Fri Sep 04, 2020 10:19 am
Forum: Personal Finance (Not Investing)
Topic: Starting to look for new house
Replies: 17
Views: 1804

Re: Starting to look for new house

... We've also been advised by friends to make the new house purchase contingent on selling our current house, which we think might sell quickly based on recent history. We would probably plan to move into the new house and have some quick renovations done to the current one before putting it on th...
by delamer
Thu Sep 03, 2020 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: A personal finance checklist for a couple who are about to start living together and get married soon after
Replies: 21
Views: 1885

Re: A personal finance checklist for a couple who are about to start living together and get married soon after

It sounds trite, but almost any system you come up with will work as long as you have frequent and full communication.

For thr couples I know who’ve had serious financial issues, lying about/concealing spending was the problem.

That said, your plan sounds good.
by delamer
Thu Sep 03, 2020 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: Federal Health Ins For New Young Federal Employee
Replies: 15
Views: 800

Re: Federal Health Ins For New Young Federal Employee

If he’s healthy GEHA High Deductible Health Plan is a no-brainer. Includes basic vision and dental coverage (obviating need for FEDVIP) and funds the HSA with $900 (lowering the net overall premium). Your son should consider fully funding the HSA and investing the money at TD Ameritrade (GEHA facil...
by delamer
Thu Sep 03, 2020 1:52 pm
Forum: Investing - Theory, News & General
Topic: Vanguard making a move [to discontinue access for financial professionals]
Replies: 25
Views: 5384

Re: Vanguard making a move

Is a “hybrid sales executive” part robot and part human? 😉
by delamer
Thu Sep 03, 2020 11:34 am
Forum: Personal Finance (Not Investing)
Topic: How Much House Can We Afford in HCOL Area?
Replies: 289
Views: 17080

Re: How Much House Can We Afford in HCOL Area?

Have you actually talked to a mortgage broker to find out how much mortgage you can qualify for, based on a 20% downpayment? Also, something to consider is the your childcare situation. Your in-laws are at an age when unexpected health issues crop up. If they were unavailable to help you, then what?...
by delamer
Thu Sep 03, 2020 11:25 am
Forum: Investing - Theory, News & General
Topic: Moving my wife's investments to Schwab?
Replies: 64
Views: 4166

Re: Moving my wife's investments to Schwab?

It looks like Schwab offers both VBIAX (Vanguard Balanced Index Fund) and VWIAX (Vanguard Wellesley® Income Fund), although there is a transaction fee for new purchases. That gives you several options: 1. Ask if Schwab will let you transfer either or both Vanguard funds to Schwab in kind, like dela...
by delamer
Thu Sep 03, 2020 9:40 am
Forum: Personal Finance (Not Investing)
Topic: Getting out of a recently purchased condo
Replies: 32
Views: 4991

Re: Getting out of a recently purchased condo

This is not a recommendation because I know very little about these firms, but have you talked to any of those “we’ll buy any house, in any condition” businesses? Assuming that getting an offer from one of them has cost or obligation to you, what do you have to lose? If the offer is too low, you go ...
by delamer
Thu Sep 03, 2020 9:22 am
Forum: Investing - Theory, News & General
Topic: Moving my wife's investments to Schwab?
Replies: 64
Views: 4166

Re: Moving my wife's investments to Schwab?

Can you transfer the assets in-kind? Even if there were some one-time fees involved, that could be your best option. Just wanted to note that I think your plan to move her assets to Schwab is a good one. A win-win, given that your wife will have the local connection that she wants but at a low cost.