Search found 2262 matches
- Mon Nov 27, 2023 3:52 pm
- Forum: Personal Finance (Not Investing)
- Topic: Does anyone use professional advisors?
- Replies: 57
- Views: 14651
Re: Does anyone use professional advisors?
If you getting Cashflow Planning, Tax Planing, assistance prioritizing Goals, Portfolio Positioning and other advice it very well may be a good deal. WoodSpinner this is all exactly what I'm getting. the information both companies has shared already is actionable and insightful - things I'm not sure I can get to easily just using Excel and the tools I have available. Maybe another option is to search online for tax modeling and cash flow planning tools - I think running iterative what-if scenarios would be helpful to me. Why not provide links to the websites of the firms you re considering? If they are really so good at what they do, others would appreciate knowing about them. And the firms would appreciate the exposure. I didn't realize a...
- Mon Nov 27, 2023 3:51 pm
- Forum: Personal Finance (Not Investing)
- Topic: Does anyone use professional advisors?
- Replies: 57
- Views: 14651
Re: Does anyone use professional advisors?
If you getting Cashflow Planning, Tax Planing, assistance prioritizing Goals, Portfolio Positioning and other advice it very well may be a good deal. WoodSpinner this is all exactly what I'm getting. the information both companies has shared already is actionable and insightful - things I'm not sure I can get to easily just using Excel and the tools I have available. Maybe another option is to search online for tax modeling and cash flow planning tools - I think running iterative what-if scenarios would be helpful to me. I would expect them to bring this analysis to the table …. Or to coordinate a conversation with a deep Tax Expert with you… They did bring this analysis for right now, but having the tools myself to not need them every yea...
- Mon Nov 27, 2023 1:58 pm
- Forum: Personal Consumer Issues
- Topic: My Hondas wont die...they just keep running
- Replies: 130
- Views: 16008
Re: My Hondas wont die...they just keep running
You must not be very old.chuckwalla wrote: ↑Mon Nov 27, 2023 1:57 pm The transmission has always been the weak link in Hondas as long as I can remember.
- Mon Nov 27, 2023 1:48 pm
- Forum: Personal Consumer Issues
- Topic: My Hondas wont die...they just keep running
- Replies: 130
- Views: 16008
Re: My Hondas wont die...they just keep running
I used to be a huge Honda fan, I've purchased five new in my lifetime - but I no longer am. My 2018 Odyssey EX-L has 70,000 miles and is in the shop needing a new transmission. $8k. This is a known issue with Odysseys, Pilots, and at least one other model. The REALLY REALLY crappy part is I'm paying $8k to put the exact same model transmission in again - Honda has not come out with a more reliable replacement. The dealer said to plan on at least one more replacement before the van hits 200k miles. Never again, Honda. Did you drain and fill the automatic transmission fluid with OEM fluid every 30k-45k miles? Yep - we did it at 40k. We have all service records. This is a known Honda transmission issue with all models that have the 9 speed tr...
- Mon Nov 27, 2023 12:19 pm
- Forum: Personal Consumer Issues
- Topic: My Hondas wont die...they just keep running
- Replies: 130
- Views: 16008
Re: My Hondas wont die...they just keep running
I used to be a huge Honda fan, I've purchased five new in my lifetime - but I no longer am. My 2018 Odyssey EX-L has 70,000 miles and is in the shop needing a new transmission. $8k.
This is a known issue with Odysseys, Pilots, and at least one other model. The REALLY REALLY crappy part is I'm paying $8k to put the exact same model transmission in again - Honda has not come out with a more reliable replacement. The dealer said to plan on at least one more replacement before the van hits 200k miles.
Never again, Honda.
This is a known issue with Odysseys, Pilots, and at least one other model. The REALLY REALLY crappy part is I'm paying $8k to put the exact same model transmission in again - Honda has not come out with a more reliable replacement. The dealer said to plan on at least one more replacement before the van hits 200k miles.
Never again, Honda.
- Mon Nov 27, 2023 12:06 pm
- Forum: Personal Finance (Not Investing)
- Topic: Does anyone use professional advisors?
- Replies: 57
- Views: 14651
Re: Does anyone use professional advisors?
this is all exactly what I'm getting. the information both companies has shared already is actionable and insightful - things I'm not sure I can get to easily just using Excel and the tools I have available.WoodSpinner wrote: ↑Mon Nov 27, 2023 11:57 am If you getting Cashflow Planning, Tax Planing, assistance prioritizing Goals, Portfolio Positioning and other advice it very well may be a good deal.
WoodSpinner
Maybe another option is to search online for tax modeling and cash flow planning tools - I think running iterative what-if scenarios would be helpful to me.
- Mon Nov 27, 2023 7:27 am
- Forum: Personal Finance (Not Investing)
- Topic: Does anyone use professional advisors?
- Replies: 57
- Views: 14651
Re: Does anyone use professional advisors?
I mean what I said. I use index funds today, but there are benefits to switching to using EFTs, which trade as stocks, instead.Shackleton wrote: ↑Mon Nov 27, 2023 7:23 amDo you mean “using EFTs instead of mutual funds”? Because there are EFTs which are also index funds. If you don’t know the difference, I suggest you read/educate yourself further to ensure you know what you are really going to be getting with these advisors. Personally, if sounds like you might need a good tax accountant/planner, which is very different than a financial advisor.bungalow10 wrote: ↑Mon Nov 27, 2023 6:48 am using EFTs instead of index funds and a few other changes.
- Mon Nov 27, 2023 7:26 am
- Forum: Personal Finance (Not Investing)
- Topic: Does anyone use professional advisors?
- Replies: 57
- Views: 14651
Re: Does anyone use professional advisors?
I'm not 100% convinced I need this, but I don't really see a downside right now as I do see the value in what they are doing and I have made some mistakes in the recent past (not huge, but enough that I see the value in a professional doing this for me). It’s your money and your tax situation, and I can’t really second guess your judgment. It’s likely going to make you feel better to get a professional involved. Let’s say you sign up, pay your fee, and get excellent advice for 2024. So far so good. My question would be is whether you would get the same value for your fees in 2025, 2026, etc. Many folks have tax situations that are generally stable year to year. I’m not sure that an AUM arrangement will give you value in future years. Would...
- Mon Nov 27, 2023 7:22 am
- Forum: Personal Finance (Not Investing)
- Topic: Does anyone use professional advisors?
- Replies: 57
- Views: 14651
Re: Does anyone use professional advisors?
If it's mostly the tax efficiency and savings that are driving you this direction, you may be better off finding a pure tax advisor/CPA if they are good, as compared to an advisor with fees based on AUM. I don't see anything wrong with your thought process, even if it is against everything this board is about. This board does not have a monopoly on personal finance, on what is right for everyone, despite what some here think. Just ask some of the posters here who took as gospel that bond funds are "safe", or three fund is fine for all conditions for ever, or "stay the course" etc. and other BH dogma that did not work out so well in recent times. Don't get me wrong, lots of good information here, but you have to make you...
- Mon Nov 27, 2023 7:11 am
- Forum: Personal Finance (Not Investing)
- Topic: Does anyone use professional advisors?
- Replies: 57
- Views: 14651
Re: Does anyone use professional advisors?
I'm strongly considering moving to a professional advisor to manage my portfolio. Between complicated taxes - optimizing tax efficiency, some inherited accounts, and three kids coming up on college, I think it would be worth it to hire someone. I've gotten two proposals - both similar in fees and offerings - both have fees that are a % of the total dollars under management. Neither is associated with any funds/brokerages or take a cut of any commissions. I know this goes against everything this board is about. What I'm asking is if anyone has experience with using these types of firms? Questions I should ask? I think the amount they charge per year could be saved just in improving my tax efficiency. FWIW - both firms were complementary of ...
- Mon Nov 27, 2023 7:10 am
- Forum: Personal Finance (Not Investing)
- Topic: Does anyone use professional advisors?
- Replies: 57
- Views: 14651
Re: Does anyone use professional advisors?
deleted, duplicate response
- Mon Nov 27, 2023 6:48 am
- Forum: Personal Finance (Not Investing)
- Topic: Does anyone use professional advisors?
- Replies: 57
- Views: 14651
Does anyone use professional advisors?
I'm strongly considering moving to a professional advisor to manage my portfolio. Between complicated taxes - optimizing tax efficiency, some inherited accounts, and three kids coming up on college, I think it would be worth it to hire someone. I've gotten two proposals - both similar in fees and offerings - both have fees that are a % of the total dollars under management. Neither is associated with any funds/brokerages or take a cut of any commissions. I know this goes against everything this board is about. What I'm asking is if anyone has experience with using these types of firms? Questions I should ask? I think the amount they charge per year could be saved just in improving my tax efficiency. FWIW - both firms were complementary of b...
- Wed Sep 27, 2023 6:57 am
- Forum: Personal Investments
- Topic: Help with taxable - job loss
- Replies: 4
- Views: 727
Re: Help with taxable - job loss
I almost put a big chunk into FSKAX this morning, chickened out, and that prompted my post. I need a gut check and second (third) opinions.muffins14 wrote: ↑Wed Sep 27, 2023 6:43 amHow about FSKAX?bungalow10 wrote: ↑Wed Sep 27, 2023 6:39 am I'm struggling with which funds to put it into and do I go all in or DCA?
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- Wed Sep 27, 2023 6:39 am
- Forum: Personal Investments
- Topic: Help with taxable - job loss
- Replies: 4
- Views: 727
Help with taxable - job loss
Thank you in advance for reading - I am a long time member and appreciate all the wisdom here. Where I need guidance is our taxable account, but I've provided some background. Background - 45, married with three kids - 16, 13, 10. DH works a low paying job (public schools) and puts all his paycheck into his pre-tax retirement account. He also carries benefits. I'm a high earner, but going through an employment transition - I expect it will take 3-6 months to land, I plan to file for unemployment. No debt, house and cars are paid for. HCOL area. Spend about 10k a month, includes kids activities, travel, entertainment. Does not include savings. Our typical tax bracket is 37%, plus 5% state. We take the standard deduction. Retirement - $1.5MM ...
- Tue Aug 24, 2021 7:10 pm
- Forum: Personal Finance (Not Investing)
- Topic: Share your net worth progression
- Replies: 4288
- Views: 1081859
Re: Share your net worth progression
I apologize, while I have religiously tracked my NW since I was 22, the software crashed and I only have exact numbers from Dec 2017 onwards. 2004/2005 -65,000 goal of 1MM by 40 2013 - third kid born 2014 - DH quits job to be SAH dad and give me career flexibility 2016 - take risk and relo to HCOL area 2017 - 1MM, 38 years old - relocate overseas Dec 2017 - 1.2MM, turned 39. Move back to US in 2018 Dec 2018 - $1.29MM, turned 40, rough year personally and professionally, but laid ground work for good things. Also bought two cars with cash but don’t consider car value in NW Dec 2019 - 1.6MM Dec 2020 - 2.0MM Current - 3.2MM - inheritance, plus good things at work and in market. Paid off house. Thankful for this board and the words of wisdom of...
- Tue Aug 24, 2021 7:09 pm
- Forum: Personal Finance (Not Investing)
- Topic: Share your net worth progression
- Replies: 4288
- Views: 1081859
Re: Share your net worth progression
Delete, double post
- Tue Aug 24, 2021 6:53 pm
- Forum: Personal Consumer Issues
- Topic: Price on oak flooring
- Replies: 16
- Views: 2447
Re: Price on oak flooring
I live in a HCOLA area and prefinished is considered a no-no. I had no idea as we’d remodeled a house in another part of the country and it was fine. Moved here and no house had prefinished and RE agents snub their noses at it.
- Thu Jul 15, 2021 7:45 pm
- Forum: Personal Finance (Not Investing)
- Topic: Child Tax credit
- Replies: 83
- Views: 8530
Re: Child Tax credit
I’ll be above $500k this year, so I guess I’ll have to pay it all back??pizzy wrote: ↑Thu Jul 15, 2021 7:34 pmIt doesn’t go to $0 until ~$440k AGIbungalow10 wrote: ↑Thu Jul 15, 2021 6:35 pm AGI over $400k in 2020, three kids, just got $450.
So weird.
- Thu Jul 15, 2021 6:35 pm
- Forum: Personal Finance (Not Investing)
- Topic: Child Tax credit
- Replies: 83
- Views: 8530
Re: Child Tax credit
AGI over $400k in 2020, three kids, just got $450.
So weird.
So weird.
- Sun Jun 06, 2021 12:17 pm
- Forum: Personal Finance (Not Investing)
- Topic: Inherited IRA rule
- Replies: 16
- Views: 1612
Re: Inherited IRA rule
But she would have been entitled to the stretch rules and anyone who inherited that inherited IRA would follow the same stretch rules (including the 1st beneficiaries schedule which is based on the 1st beneficiaries age ). The second beneficiary would also have an IRA still titled Dad Inherited IRA (ie it would not be Aunt Inherited IRA) to specifically track the original owner. I don't think the new 10 year stretch rules consider age when applying. They are based only date of death, I think, for those not subject to RMDs at time of death. Based on the fact that Dad (original owner) died in 2015 - do the old rules or new rules apply? do we still have 10 years to drain the account - starting when we got it (2021), staring in 2015 (when dad ...
- Sun Jun 06, 2021 11:50 am
- Forum: Personal Finance (Not Investing)
- Topic: Inherited IRA rule
- Replies: 16
- Views: 1612
Re: Inherited IRA rule
But she would have been entitled to the stretch rules and anyone who inherited that inherited IRA would follow the same stretch rules (including the 1st beneficiaries schedule which is based on the 1st beneficiaries age ). The second beneficiary would also have an IRA still titled Dad Inherited IRA (ie it would not be Aunt Inherited IRA) to specifically track the original owner. I don't think the new 10 year stretch rules consider age when applying. They are based only date of death, I think, for those not subject to RMDs at time of death. Based on the fact that Dad (original owner) died in 2015 - do the old rules or new rules apply? do we still have 10 years to drain the account - starting when we got it (2021), staring in 2015 (when dad ...
- Sun Jun 06, 2021 11:40 am
- Forum: Personal Finance (Not Investing)
- Topic: Inherited IRA rule
- Replies: 16
- Views: 1612
Re: Inherited IRA rule
To answer a lot of questions here. 1. Account was Dad's, Mom never retitled or re-did the beneficiaries - per what WF told me on the phone . the last statement I have, 30 day's before Mom's death, says "Wells Fargo, custodian of IRA for Dad". there is no FBO listed... 2. Wells Fargo told us that it was Dad's, mom is primary and we (brother and I) are secondary. 4. Wells Fargo needed dad's and mom's death certificates. 3. I sent in surviving child documentation, beneficiary claim forms, as well as the letters of appointment (I am executor). I had to note that the spouse of Dad was dead. To be honest, working with Wells Fargo has been the worst of all the IRA experiences I've had - some were downright great (looking at you Fidelity ...
- Sat Jun 05, 2021 3:40 pm
- Forum: Personal Finance (Not Investing)
- Topic: Inherited IRA rule
- Replies: 16
- Views: 1612
Re: Inherited IRA rule
I read all that and I’m still not sure what it means?
Wells Fargo transitioned the IRA to me, skipping the primary beneficiary because she had passed.
Again...
Dads IRA - he dies at age 60, in 2015
Mom is primary beneficiary, never retitles, she’s 65 at time of death in 2021
Contingent beneficiaries get the IRA, titled as Dads IRA
When do we have to have the account empty?
Wells Fargo transitioned the IRA to me, skipping the primary beneficiary because she had passed.
Again...
Dads IRA - he dies at age 60, in 2015
Mom is primary beneficiary, never retitles, she’s 65 at time of death in 2021
Contingent beneficiaries get the IRA, titled as Dads IRA
When do we have to have the account empty?
- Sat Jun 05, 2021 2:14 pm
- Forum: Personal Finance (Not Investing)
- Topic: Inherited IRA rule
- Replies: 16
- Views: 1612
Inherited IRA rule
I have an inherited IRA question. The IRA was my dad's, with my mom as primary beneficiary and me and my brother as secondary. My question is related to what rules apply, since the death dates of the first two parties are far apart. IRA was in my dad's name - let's call him Dad. His wife was primary beneficiary, let's call her Mom. Dad died in 2015, under different IRA rules and the IRA effectively became my mom's, but she never did the paperwork to move it to her name. Mom died in 2021, with two kids (I'm one) as beneficiaries (per stirpes). The new IRA paperwork says "cust for the IRA of Dad DCD FBO Kid1" Dad died in 2015, under different IRA rules. "The SECURE Act also changed when money is to be withdrawn from inherited I...
- Thu May 27, 2021 5:23 am
- Forum: Personal Investments
- Topic: American Funds --> Fidelity (inherited IRA)
- Replies: 8
- Views: 1108
Re: American Funds --> Fidelity (inherited IRA)
Ahhh... makes sense!!!placeholder wrote: ↑Thu May 27, 2021 12:03 amTo clarify liquidated in the sense that the assets are sold and the subsequent rollover is in cash which is fairly typical for workplace plans of any sort.bungalow10 wrote: ↑Wed May 26, 2021 9:12 pm I have never heard of this. Can you or anyone else provide more info on why an inherited 401k would need to be liquidated?
- Wed May 26, 2021 9:12 pm
- Forum: Personal Investments
- Topic: American Funds --> Fidelity (inherited IRA)
- Replies: 8
- Views: 1108
Re: American Funds --> Fidelity (inherited IRA)
I have never heard of this. Can you or anyone else provide more info on why an inherited 401k would need to be liquidated?
- Wed May 26, 2021 3:30 pm
- Forum: Personal Investments
- Topic: American Funds --> Fidelity (inherited IRA)
- Replies: 8
- Views: 1108
American Funds --> Fidelity (inherited IRA)
I have a few inherited IRAs I'm consolidating to Fidelity. One of which is my mom's workplace 401k, which is at American Funds. I'm not very familiar with American Funds as a company, but their expense ratios are high. Am I better off moving all her funds to the money market fund prior to transfer or selling and reinvesting post-transfer? I'm curious as to whether or not I will incur any sales fees on the investments in the account today (she's held them for years, but they are "new" to me). I think from what I've read, American Funds charges a 1% (!!!) sales fee on security held less than a years. Most ER on her funds are 1.4%. Or do I transfer as-is and sell them all at Fidelity? advice appreciated, I love this group and I can u...
- Fri May 07, 2021 7:08 am
- Forum: Personal Consumer Issues
- Topic: Country Club
- Replies: 56
- Views: 6499
Re: Country Club
There is no social membership option.
- Fri May 07, 2021 6:14 am
- Forum: Personal Consumer Issues
- Topic: Country Club
- Replies: 56
- Views: 6499
Re: Country Club
We will still have some kids activities, like soccer. Soccer schedules also tie us to home over the weekend, much fewer weekend getaways, so a club getaway close to home will be nice.
Also, kids sport teams and camps are an additional charge. It’s competitive with public teams, but no great deal. Food is similar - good quality but no discount versus other restaurants.
Also, an easy answer to the epic “where do we go for dinner” question is priceless!
Also, kids sport teams and camps are an additional charge. It’s competitive with public teams, but no great deal. Food is similar - good quality but no discount versus other restaurants.
Also, an easy answer to the epic “where do we go for dinner” question is priceless!
- Fri May 07, 2021 5:47 am
- Forum: Personal Consumer Issues
- Topic: Country Club
- Replies: 56
- Views: 6499
Re: Country Club
Thanks everyone for the replies and reassurance.
To answer some questions about culture and fit... many of our neighbors belong and we love our neighborhood. Two of my kids spent quite a bit of time there with friends and love it (pre-covid they would go to the beach or to use the pool). We had dinner there last night and DH and I have attended an event there (also pre-covid). We are an active family and the proximity to our house is a nice selling point.
The hold ups for me are the cost and then what if we move? We love our house, neighbors, schools. My job/employment is the only reason we’d move and I’d like to stay stable for the kids through the high school years.
To answer some questions about culture and fit... many of our neighbors belong and we love our neighborhood. Two of my kids spent quite a bit of time there with friends and love it (pre-covid they would go to the beach or to use the pool). We had dinner there last night and DH and I have attended an event there (also pre-covid). We are an active family and the proximity to our house is a nice selling point.
The hold ups for me are the cost and then what if we move? We love our house, neighbors, schools. My job/employment is the only reason we’d move and I’d like to stay stable for the kids through the high school years.
- Fri May 07, 2021 5:40 am
- Forum: Personal Consumer Issues
- Topic: Country Club
- Replies: 56
- Views: 6499
Re: Country Club
Good question - RSU vesting and a modest inheritance. I’ve paid it down $200k in the last year using my bonus, a small gift and RSUswinterfan wrote: ↑Fri May 07, 2021 5:30 am You have plenty of money, I'd say go for it, especially if you have friends there already. It sounds like a fun place for the kids during the summer and I think it's great having access to a pool too. I have to ask, how on earth are you paying off a 250K mortgage in a year? Is this from income or other sources? I'm just curious and impressed.
- Fri May 07, 2021 2:39 am
- Forum: Personal Consumer Issues
- Topic: Country Club
- Replies: 56
- Views: 6499
Country Club
I’ve read prior threads but thought I’d post a new one for feedback... About us - DH and I are early 40s, kids are 8, 11, 13. I work, DH is a SAHD. Income is $250-500k/year. Mortgage has $250k left (will be paid off in 12 months). College and retirement savings on track. Hope to stay in this house for 10 years min to get youngest through HS Cost - 30k upfront. 10k in maint annually and food min. Lots of opportunities to spend much more than that of course Club - family friendly and walking distance to our Chicago area home. Golf (none of us golf, all want to learn), platform tennis, lake, indoor pool. Youngest wants to do swim team. Older two golf and archery. Kids can go there on their own. Lots of parties and kids activities, club is very...
- Fri Apr 30, 2021 12:41 pm
- Forum: Personal Investments
- Topic: Wells Fargo no load fund
- Replies: 4
- Views: 482
Re: Wells Fargo no load fund
exactly what I needed - thank you!!!! (and thank you from my brother who was asking me this same question 10 minutes ago)123 wrote: ↑Fri Apr 30, 2021 12:05 pm WFTXX - Wells Fargo 100% Treasury MMF - no load. Pretty close to cash.https://www.wellsfargoassetmanagement.c ... l-summ.pdf
- Fri Apr 30, 2021 11:58 am
- Forum: Personal Investments
- Topic: Wells Fargo no load fund
- Replies: 4
- Views: 482
Wells Fargo no load fund
I need a recommendation for a Wells Fargo no load fund to use to open an IRA. It will only be used for a month or two.
Backstory - I'm inheriting an IRA at Wells Fargo and I'm told I must specify a Wells Fargo fund for initial investment of funds upon creation/transfer. I can't leave them in cash until I can do research. I plan to transfer the account to Fidelity fairly quickly. I can't log into Wells Fargo to research now because I don't have an account - this and a few other things about this process are really turn offs for WF as a whole.
Backstory - I'm inheriting an IRA at Wells Fargo and I'm told I must specify a Wells Fargo fund for initial investment of funds upon creation/transfer. I can't leave them in cash until I can do research. I plan to transfer the account to Fidelity fairly quickly. I can't log into Wells Fargo to research now because I don't have an account - this and a few other things about this process are really turn offs for WF as a whole.
- Thu Apr 29, 2021 11:27 am
- Forum: Personal Finance (Not Investing)
- Topic: Probate attorney costs
- Replies: 20
- Views: 2734
Re: Probate attorney costs
update - attorney got back to me, it's about 11 hours of work (and will get what I think is about $12,000 for that!!!). I'm looking for a less expensive attorney now and may have found one.
I'm also still considering doing it myself, but being as it's out of state, it may be worth it to pay someone. Still reading up - thanks all for the links and stories.
I'm also still considering doing it myself, but being as it's out of state, it may be worth it to pay someone. Still reading up - thanks all for the links and stories.
- Wed Apr 28, 2021 8:47 pm
- Forum: Personal Finance (Not Investing)
- Topic: Probate attorney costs
- Replies: 20
- Views: 2734
Re: Probate attorney costs
This is all great advice and feedback, appreciate it. I’m still researching my options
- Wed Apr 28, 2021 6:26 pm
- Forum: Personal Finance (Not Investing)
- Topic: Probate attorney costs
- Replies: 20
- Views: 2734
Probate attorney costs
I'm executor of my mom's will. It will be an easy split between me and my brother - we agree on everything, no personal items (all disposed), and we are selling the house. She lived in Iowa, which has a provision that estate attorneys get 2% of the estate gross as fees. It's oddly worded and many people assume it's required, but you can negotiate the amount if the attorney agrees - it's more of a reservation in the event there isn't another agreement in place. Her retirement accounts are excluded (fortunately she had named beneficiaries), leaving more than $500k and less than $1MM in house, car, and cash. No personal items, no investments. The estate attorney wants 2% to represent the estate.... which seems excessive. The attorney says hour...
- Mon Apr 26, 2021 4:58 pm
- Forum: Personal Finance (Not Investing)
- Topic: What does this mean? re: claims against decedents estate
- Replies: 4
- Views: 803
Re: What does this mean? re: claims against decedents estate
I think they key words are that they can’t be traced.
- Sat Apr 10, 2021 9:39 am
- Forum: Personal Finance (Not Investing)
- Topic: Inheritance - help me get my head straight
- Replies: 11
- Views: 1787
Re: Inheritance - help me get my head straight
everyone - thank you!! this seems so much more clear. I was referencing outdated advice online and this really helped.
I'm going to encourage my brother to keep the Roth funds in the Roth for 10 years (and I will do the same). We will see what else we can come up with on the house - maybe a small mortgage and he can withdraw from the inherited 401k funds to pay it or something if he needs to.
As far as my situation, I'm either in the top tax bracket or the one right before it... so I can hold the taxable funds either until the end or maybe the occasion where I have a low income year or retire really early (I doubt that one will happen, my youngest is 8 yo).
I'm going to encourage my brother to keep the Roth funds in the Roth for 10 years (and I will do the same). We will see what else we can come up with on the house - maybe a small mortgage and he can withdraw from the inherited 401k funds to pay it or something if he needs to.
As far as my situation, I'm either in the top tax bracket or the one right before it... so I can hold the taxable funds either until the end or maybe the occasion where I have a low income year or retire really early (I doubt that one will happen, my youngest is 8 yo).
- Sat Apr 10, 2021 6:18 am
- Forum: Personal Finance (Not Investing)
- Topic: Inheritance - help me get my head straight
- Replies: 11
- Views: 1787
Inheritance - help me get my head straight
My brother and I (early 40s, he' single, I'm married with three school age kids) are in the process of inheriting our mom's estate. I am a long time Boglehead and it's served me and my family well, and my brother says he plans to rely on me for advice and guidance on the inheritance. Both of us are debt free and have retirement and emergency funds in place, except I have a very manageable mortgage. 1. The bulk of the estate is in the form of 401ks. I think our best option here is to roll them into inherited IRAs and start taking RMDs. I can use mine to supplement college funds in a few years :shock: Any reason to not roll these over or advice on any decisions we will be asked to make? 2. There is a small amount of annuity paying a guarantee...
- Sat Feb 01, 2020 1:57 pm
- Forum: Personal Consumer Issues
- Topic: paying cleaning lady
- Replies: 56
- Views: 9443
Re: paying cleaning lady
Bad analogy, but I suspect you are trying to play dumb.. or just bad at humor.Trism wrote: ↑Fri Jan 31, 2020 7:17 amSilly labels.bungalow10 wrote: ↑Fri Jan 31, 2020 7:08 am I used to have a man clean my house. Cleaning it's just something "ladies" do.
We have a husband/wife team that cleans our house. Both the husband and the wife refer to the husband as a cleaning lady.
When we visit New York, we don't pretend we're staying in Personhattan.
Do we need a separate thread to talk about how to pay the cleaning gentleman? Are there different expectations depending on the gender of the person cleaning? Or would it be more appropriate to remove gender from the title and content of this post?
- Thu Jan 23, 2020 12:32 pm
- Forum: Personal Consumer Issues
- Topic: What is your favorite consumer product?
- Replies: 339
- Views: 77680
Re: What is your favorite consumer product?
Peloton (the bike, I don't have the tread)
SavvyRest latex mattress - 10+ years old and still in such good shape that I can't justify getting a new one even though I want to upsize to a king
SavvyRest latex mattress - 10+ years old and still in such good shape that I can't justify getting a new one even though I want to upsize to a king
- Fri Jan 17, 2020 12:09 pm
- Forum: Personal Finance (Not Investing)
- Topic: Realized we made a major mistake and feeling really sick.
- Replies: 162
- Views: 17119
Re: Realized we made a major mistake and feeling really sick.
What did you do with the money when you sold? Did you invest it? Make sure you include all the gains from the investments in your comparisons.
- Thu Jan 16, 2020 1:42 pm
- Forum: Personal Consumer Issues
- Topic: Day camps and summer camps
- Replies: 23
- Views: 1599
Re: Day camps and summer camps
I don't think I need approval per say, it's more just to reset my level of "normal". Living in a HCOL area, things like luxury vehicles (which we don't have), European vacations (rare), and take out every night (never) become things that are common.
I was waiting to see if I'd get a BH smack down, or if my spending guage was still mostly okay.
- Thu Jan 16, 2020 1:21 pm
- Forum: Personal Consumer Issues
- Topic: Day camps and summer camps
- Replies: 23
- Views: 1599
- Thu Jan 16, 2020 1:15 pm
- Forum: Personal Consumer Issues
- Topic: Day camps and summer camps
- Replies: 23
- Views: 1599
- Thu Jan 16, 2020 1:09 pm
- Forum: Personal Consumer Issues
- Topic: Day camps and summer camps
- Replies: 23
- Views: 1599
Re: Day camps and summer camps
These camps are good, we've had the kids in their afterschool programs before - the morning is all STEM activities, the afternoon is story writing, story telling, and improv. They will of course have lunch and I hope some unstructured time.Carson wrote: ↑Thu Jan 16, 2020 12:51 pm
Before shelling out a significant amount for each camp, I would ask if you can see their daily routine. At least from what I have seen, many of them have playtime/swimming/physical activities/eating time in their schedule. Which is fine, but they present this illusion that you'll be doing STEM work all day, and they really aren't. Perhaps you could find some enrichment type classes for less cost and have your DH supervise the playtime for free.
- Thu Jan 16, 2020 12:41 pm
- Forum: Personal Consumer Issues
- Topic: Day camps and summer camps
- Replies: 23
- Views: 1599
Day camps and summer camps
Good day, Bogleheads! I posted a thread six years ago asking a similar question as the one I am today, but my three kids are six years old and my situation has changed. Curious as to the parents of this group's thoughts (and even non-parents) on day camps and summer camps for kids. I have some good opporutnities to send my kids to STEM camps, improv camps and various other interesting, educational, interactive skill building camps. One of my three kids needs it. He's in first grade going into second and we spent a chunk of money on summer speech therapy last year - and it was not a good use of cash. I think having him in an engaging and social environemnt where he naturally works on his speech with his peers (this works for him) is a better...
- Mon Dec 16, 2019 3:10 pm
- Forum: Personal Finance (Not Investing)
- Topic: Gifts to your employees- how much?
- Replies: 113
- Views: 9056
Re: Gifts to your employees- how much?
I managed a HQ team of about 25 people. I invited all of them to my house for a holiday party with their spouses and kids. about 1/3 are attending. I'm spending about $1000-1200 total on the party - catering, booze, incidentals.
Really low key, kids are all in the 2-12 age range, should be fun.
We also did a team Secret Santa last week - $20 or so. We invited another team that sits near us that is smaller. It was super fun, out second year doing it and I think all enjoyed it a lot.
Really low key, kids are all in the 2-12 age range, should be fun.
We also did a team Secret Santa last week - $20 or so. We invited another team that sits near us that is smaller. It was super fun, out second year doing it and I think all enjoyed it a lot.
- Fri Dec 13, 2019 12:27 pm
- Forum: Personal Consumer Issues
- Topic: Day Trip to Downtown Chicago
- Replies: 62
- Views: 6903
Re: Day Trip to Downtown Chicago
MSI is worth it, but you won't have time. The Bean, Maggie Daley, and the faces sculptures (no idea what they are called, but right by the Bean) are great. The boat tour is really great, definitely exceeded my expectations. I also love the Warhol exhibit at the Art Institute right now - I took my kids two weeks ago. I would do that over Millennium Park/Maggie Daley in the winter. There is parking (SP+) directly under Millennium Park - look online to buy ahead and get a deal. If you want to eat near Millennium Park - Broken English Taco Pub, Xoco, The Purple Pig, The Side Door are all great options. The Purple Pig is hard to get into and might not be worth it with kids. The rest are all accessible for families. Lastly, plan a spring/summer t...